1 mMiPyH -''J "W'Jii myngv-r
"-W-3& -v
EVENING TiBDaEB-PHILADTOtiPHTA, THURSDAY, JANUARY 6, 1610.
'
15
" """ - . '
r.L-flrf TTflK S JliJH.AJJ.iN ur ;
&?f$X& AT NEW LOW
da Also at Bottom Point.
..A In Emtlish mxcnange
'pue Mainly to Credits
.ILrTORK. Jan. 6.-Nomlnal nuotn
UI.. ooenlntr of the foreign ex-
' atket showed n. continuation of
WssReit.t were opcrauw l""'
fPV demand Jumped up to new
"Sm rrevlously quoiea ior cauies
L'wtfllng eW also reached a new
fizZ Thorr, Is In these nmires
lhlWZ of '"i cent In demand above the
thtfMffJi.rh and n gain of H'cent over
9 big" in cuuica.
' . .ii.ai hdna. rcicnumarns icu iu
"!? we. This Is a new low. nnd. this
'eiJ 'SfSw of the Vienna nt 12.6012.65.
J 123.60. yesterdays minimum. Other
55 Included decided tnnRth In
$ & wchanfre. which rose to 6.16 for
1,IT iSi.rdtWforohecks. Oullders main
's4 J tSiir advance at 44Ui.41. French
'" &n was somewhat better at 6.83
Mf wd B.81V4 for checks. Other
S , ".ition" were! Lire, cables 0.6SW. cheeks
A fffKettohn. 28.1O828.30; roubles. 29H
it " mot Invariably In any pronounced
sTncVcr decline In n department of
-.. , i forilen exclianfio market thero Is
',' 2 wuwew reBarmnff the nuthen-
Si f quotatlons-that Is to say, somo
5 22u $ have the market fraction-
m f nV above any other reports nnd similarly
lf W ". nuotnt ons vos-
.0W Mt'',....,v. n (.. - 7iu. Iit
ifcould not be verified on actual
UimactJoni. Today roicnnmiirKB were
,T"SiT.. lnw as U. although tho con-
lUKkffrcceptcd Quotation around noon
-I.. v7jiujf 3-16. Sterling actual ngures
not up lo l"" ii""1"" '-" ' m...-
. .,i ofior midday demand was
irf&t 4.7 and cables nt 4.7674. Francs
called 6.83U for cables nnd B.8IW for
.vm nihe.r ouotatlons woro G.68V4 for
!! -'m. checks 0.59. Swiss D.1&36.17,
JtJeXholm 23.10g'23.30. pesetas 19.05019.10,
Tit Uta dealings were marked by tho
! Mtinued advance of sterling to now
l (ch records. Tho lato figures woro 4.70 7-8
' J demand and 4.774 for cables. At this
i ! the discount Is slightly less than
5" r cent. Francs were quoted at 5.83 for
'! iUj and 6.8331 for checks. Ilclchsbanks
h Krae extremely dull nt tho rally from
i; i extreme low point to 73H. Dutch ex-
''i' ttnge and Swlaa francs held well nt tho
J remlura established today.
"J, Willo. Quotations for German relchs-
i aulta and Austrian kronen aro cntab-
lihlcjr successive new low records dally,
It Mchesl international rainncrs nro
Eirrflctlasr farther new high points In
Merlin that will shortly preclude further
importations of gold from London on a
itricuy loreign cxcnanijc uaais. iiua
trnffth of sterling Is. of course, mainly
Bus to tho credits established by tho
Billies In this country, being practically
Ksset br our Importations of American
ecurltles purchased rrom foreign noiu
m. The stabilization of tho sterling
birtet Is regarded with grcnt satisfac
tion by our bankers.
Tho extrome low record tor sterling was
kjtablblnd'ln October nt 4.60. Today's
Mgh Point record on tno movement was
k 4.75X for demand and 4.76 for cables.
I Tho contrasting weakness In tho ex
tlansres of tho two great Contral na-
lons of Europo Is variously explained, in
lemral times the Gorman relchsmark '.8
rooted at 2Bi cents nnd Austrlnn kronen
it xy, cents. At today's low record for
elchsmarks 74 3-10 for marl:s tno valuo of
i Individual mrk Is about 19 cents
i discount of nbout 22 cents. Tho flnan
!il tmbarrassi nt of t ustrla was clearly
a evidence at the very boplnnlng of tho
jent war.
The weakness In German and Austrian
JChango reflects tho Isolation of tho
Antral Empires. Ilcfcrenco Is being
aide to tho fact that tho Importations
nm Germany by tho United Stntes In
ha first 10 months of 1915 wcro only $40,
3.68S. compared with J123.78S.25S In the
srrespondlng time In 1914. This shows
i decrease of S7.815.670.
Germany has been a heavy seller of
American securities throughout the war,
put per contra tho United States has un
doubtedly exported many millions of dol
lars of matorlals to Scandinavian and
ptlier countries which found their way
Into Germany through Scandinavia, Hol
Bind and Italy, previous to tho cntranco
let the last-mentioned country Into tho
FVlr. This fact oynlnlnfwl fhn nnivialnnnl
bursts of strength In Lutch and Scnnd1
oavlan exchange representing tho clearing
Hi goods and securities to and from Ger-
meaaj,
.MONEY IN NEW YORK
NEW YATTT Tnn C. Thft mtiflrnt ?
tDnTYlA mAt-ftfintltA nnvna .tr a nnnAA .
lably changed today. Business would be
.UBi u uucrinua oi cnoice mnienai were
!&At nn llmlhtrf Thr nn.AH ...... .UA
Mtt quality appearing Is taken by flnan-
,-. uumuuiraa at j"ffji per cent, utner
idassea of paper go ut 3V4 per cent.
ii It B.nnenrA fhnt thn amha .. n u
esafJt for fixed date funds reported
.nor m uie wees was more theoretical
tln actual. Rates yesterday afternoon
I tut
E
E msaui muiiy wero quorea dock to tho
v record level ruling up to the end of
RATES FOR MONEY
gTf
Call.
l?if.t
Tim A
iiii
lrt "" m
::::::::::::::. iW JM
3Hi pSn't. l " mntns- muaael-
BANK m.v.AifiKinQ.
Isjfn.'JJl'?". today compared with corre
ffBoag (liy last two years:
rS."" ff-JS'KI tO.481.WB 51.848.IH1
' "1 .. m.180,270 13.WT.70T IsioOSiOiT
USJIk AnAnfnMa n.tiAt
NDW vnnw t. m ti . ..
IGtatA -, uii, w. i-riino uuiik ac-
Ia.- T-- " iuici, m. t per ceni. ior
w and va per cent, for Ws.
Financial Briefs
'.frh w. w . . .
trMnw .' banks gained from Sub
BS? yesterday 13.938,000. and gained
P.W.0O) alnco last Friday,
Sv f)ffleIlca Chain Company's capital
Htt 0 n tacreased from J760.0M to
' MtMBSlt-J V-
ta nZi j anaaa and Texas Railway
Jean c9,".d FS, Bondola ft" Araer
w v-ar and Foundry Company,
iuhori?.? Lowa" stockholders have
Wthlw11 aaIe 1.38S.0O0 bonds no
Jr ini i ca 'erm ana not over 6
HuKTZch. ,ntwet. and have voted to
3Sh ih9 authorization of J700.0O0 bonds
fcan. ?r? neve" Usued. With these
fund ISM X. Ml1 Lowc Intends to
nmim?1? cent- note8' due March
4W AnJ?000 -yea- Per cent, bonds.
ctnt . nextt ana 1135,000 SH per
4ae Jubb6!' !Sued Xor improvements and
ttuo 1. 19jflB
Comi ot th Mechanics Insurance
af thiTy'.0n8 'the old-time companies
Control
thiT i. 'ne ow-tlme companies
en' in. y' ha bea Ia to the Fire-
k,a Iasuranca Company, of Newark.
Toa of?1,0' representatives of the New
... yUfO Market Asmnclatlnn hm lltfprt
Si ,v.In"'ea t0 quotation the 800,000 co.pl
S""'' o' the Standard Shipbuilding
flroit ST Par valU8 n' ThB Equltablo
ig p rjr la mo iranster agent ana
IWr Sr01 fw Company tho regU
lV r.Vle Listing Committee has ruled
EJfrtr. . "" r sna be the date of do-
Ik. "jwement of all outstanding
i iM-r".." contracts In Amerl-
aicit ti corporation. The Na-
i n.. " ' ut iruiimer agent una
1.4b rLU"1 and Trust Company
IS oST' Th e"1d payment of 10
. imifnuut January la at me
PLENTY OF GOODS FROM GERMANY,
ASSERTS LOCAL CHINA MERCHANT
Shipments Made Easily, Says C. C. Van Roden Varied
Dyes to Mix Colors This Year Costa Rica
Coffee on the Market
""VTTB ARE not having any great dim
VV culty getting goods fron Germany
and other Europenn countries," today de
clared C. C van Roden, treasurer of
Wright, Tyndale & van Roden, Importers
of fine china nnd glassware,
"There nre some small articles such as
are selected through the Individual tastes
of our buyers that wo nre not getting
from Germany because our buyers nre not
going there, but on regular goods we nre
receiving shipments right along. In the
matter of Bohemian glass It Is a little
different. The workers In that particular
commodity nre very scarce nt present,
many having been drafted for the war,
nnd the supply of Bohemian glassware Is
therefore limited,
"I placed a laige order for German
goods a few days ngo nnd I was promised
delivery In June," he continued, "nnd It Is
not my business how they nre going to
deliver them, so long ns my order Is
filled nnd delivered nt the time specified.
"There nre 70 largo ensos of German
pottery on the way over hero, I havo been
told, nnd I know wo aro not finding ntiy
difficulty In keeping up our lines. Wo nro
getting some glasswnre from Uelglum,
and, of course, our business with England
and Franco goes on without Interrup
tion." Mr. van Roden nnld that they had no
difficulty at any time getting goods that
wcro purchased before December, 1914.
While admitting that somo very fine
chlnawnro Is made in this country, ho
does not think wo will be able to com
pote with tho foreign manufacturers,
mostly on nccount of tho labor situation.
Tho workers In china plants In the United
States regulara the prices. He snld that
tho dlfllculty In getting transportation
from Europo might affect prices Inter.
SILK LININGS WON'T MATCH.
There Is a well-defined rumor that
black dyes to the valuo 'of $1,000,000 havo
been released from Germany nnd nre duo
In this country within 10 days. Tho rep
resentative of tho American Silk Mills,
of I'atcrson, N. J In this city, said he
had not heard of It. Ha said that each
spring the Jobbers of silks nnd linings
for silks got together on the color ques
tion, so as to harmonize tho colors in
linings with those of silks. This spring,
ho says, thero will bo no color confer
ence. Garment manufacturers will have
to use whatever colors they enn get.
Thero will bo a great dearth of greens
and navy blues In tho silk fabrics, ho
says.
COSTA RICA COFFEE BEST.
"Thoro has been no Increase In the
prices of coffee on account of the Euro
pean war," said Mr. F. P. Lloyd, tho
representative of Chnse & Sanborn, tho
largest Importers of tea and coffee In
tho United States. There Is not likely
to bo nny Increase, cither, unless a situa
tion should develop that ships cannot be
obtained to bring tho coffee from South
American countries, ho said, and Just
now such a condition Is more than a pos
sibility. Coffee from Asiatic countries,
said Mr. Lloyd, cuts a very' small figure
In our coffee importations. Java and
Mocha nro scarcely ever used In this
country. The best coffee comes from
Costa Rica. We also get a very good
coffco from Venezuela, but tho bulk of tho
Importations comes from Brazil. Mexi
co grows a coffee which Is largely used
In Spain. If Costa Rica, ho continued,
RUSSIA IS NEGOTIATING
FOR BIG LOAN IN NEW YORK
Nothing Definite Accomplished, but
Announcement Expected Soon
NEW YORK, Jnn. . NeBotlatlona nro
now belnK carried on between a, number
of bankers' and brokers' Institutions in
this city and the bunkers In Potrogrnd,
as well na tho Russian commission in this
city, in nn endeavor to arrange terms
for a loan to provide funds for Russia's
needs In the future To date nothing
deflnlto has been accomplished although
it is believed that within the next month
the matter will so shape Itself aa to per
mit an official announcement.
Whllo It la known that a prominent In
stitution In this city has been negotiating
with Russia for somo time past for tho
creation of a $00,000,000 acceptanco credit,
It Is considered possible that this amount
may be reduced somewhat and other
measures determined In connection with
tho ncceptnnco transaction.
It is suggested that In Its nal stages
flthe matter may resolve Itself Into an ac
ceptance credit of. say, (23,000,000, and a
similar amount In tho form of a loan to
banking Institutions In Petrograd along
the lines of tho $C0,000.009 loan by banking
Institutions In this city to eight London
banks a short time ago, Tho outcomo
of tho mater, I Is stated, will depend on
certain developments expected n the not
distant future.
The satcment 1b made on high author
ity that tho immediate needs of Russia
aro not great and will not be for at least
a month or six weeks more. Thorefore,
thero is no urgent necessity of closing
the present transaction at n early date.
If tho plans now under consideration are
carried out. that country's cash require
ments will bo cared for, It Is stated, for
a considerable period of time.
Indications are said to bo that if the
acceptance credit plan Is put through
practically the samo banks that partici
pated In tho (23,000,000 acceptance loan
last year will be parties to the agree
ment. Rise In Price of Kerosene
t The wholesale price of kerosene lias
been advanced one cent a gallon, to ten
cents by the Atlantic Refining Company.
!!
srwECHi7o
0bXmSSKK A
THE
FARMERS
AND
P- MECHANICS
NATIONAL BANK
OF PHILADELPHIA
Statement of condition, Dec. 31, 1915.
RESOURCES
Loans & Investments $13,392,976.55
United States Bonds. 1,509,364.53
Due from Banks. ,..T 1,232,730.46
Cash and Reserve.... 7.716,361.46
.$23,851,433,00
LIABILITIES
Capital ...I..., $2,000,000.00
Surplus & Net Profits 1,522,395.26
Circulation .., 1,285,000.00
Deposits 19,044,037.74
$23,851,433.00
OFFICERS
HOWARD W. U3WIB. President
EDW, STOTE3BURY LEWIB. Cashier,
G. H. MILLBTT. Asst. Cashier.
JOHN BCHLAOLE. Asst. Cashier.
DIRECTORS
HOWARD W LEWIS
JOHN V. LEWIS
CLEMENT D. NEWDOLD
ailOUGE L. FAItNUM
a S. W. PACKARD
JL FRANKLIN McFADDEN
0. COLE8BERItY PUUVE3
JAMES CROSI1Y UllOWN
J. UERTItAM UPPINCOTT
ItOUKHT E. HASTINOS
S. PEMBSBTON HUTCHINSON
EDOAB C y ELTON
C1JAHLE3 H. LUDINQTON
were only as extensive as Brazil nnd
would keep on producing as good coffee
ns she docs today her revenues would
be enormous.
TO PROMOTE TRADE WITH ITALY.
Mr. Chnrlcs F. Hauss, president of the
Chamber of Commerce of Milan, Italy,
Is scheduled to visit Philadelphia In two
or threo weeks.
For 18 years Mr. Hauss represented the
AmeVcan Rndlntor Company In Europe,
estaDllshing o.Tlces for It In several
countries. His object In visiting Philadel
phia, as well ns other cities In tho United
Stntes, Is lo meet manufacturers, estab
lish closer commercial relations nnd do
what he can for American Interests
through his position ns preMdcnt of the
Milan Chamber of Commerce. His head
quarters In Philadelphia during his visit
will be In tho Bureau of Foreign and Do
mestic Commerce, In the Wldener Build
ing. 11,200,000 BALES OF COTTON.
Ocean freights are so high that there is
a difference of 3 cents a pound between
the price of raw cotton In N'cw York ns
compared with Liverpool.
The Government's final estimate on this
year's cotton crop Is 11.200.000 bales. Ow
Ing to the labor shortage, the production
oi qouon goons in England Is much below
normal. Tho Canadtnn and American
mills are using more cotton than usual,
but not enough to counterbalance tho
reduction In European exports The cot
ton stocks In Europe, both In England
and on the Continent, are very low, and
a sudden termination of tho wnr would
send cotton prices sontlng.
V '
WOOLEN YARNS.
"The dyo situation Is tho yarn situa
tion," Bald David T. Flelshcr, of S. B. &
B. W. Flelshcr, Inc. Prices of woolen
yarns nro going up from a number of
causes, principally on account of the In
crease In the prices of wool. In the man
ufacturing business, he explained, such a"s
ours, the nearer you get to the raw ma
terial tho grenter will be tho fluctuations
of prices, because tho raw materlnl Is
the principal Item of cost.
"As tho manufacturing process goes on
and you convert tho yarn Into cloth th
labor cost Is the dominant one; the cost
of the raw material has become subor
dlnotc." For that renson, he said, tho
prices of woolen and worsted yarns nre
subject to greater and moro frequent
fluctuations, tho result of the requent
changes In tho prices of wool, than tho
manufactured cloth.
9 m
BUSINESS WITH SOUTH AMERICA.
Referring to the development of South
American business by the merchants and
manufacturers of the United States, the
Philadelphia representative of the City
Bank of New York says that we must
bear in mind that the countries of South
America must be large producers In or
der to be largo purchasers and that
everything possible should be done to en
courage Investments by the United States
to develop those countries, bo thnt their
productive power can io Inc ased, and
thus mnkc them better markets for
American products.
Germany and Great Britain established
their enormous trade with South America
In this way, nnd now thnt tho opportu
nity has como to this country without
tho seeking we should grasp It before
conditions chnnge again.
LONDON STOCK MARKET
French Loan a Shade Below Best.
Capital Flotations Large
LONDON, Jan. C. Trading In American
securities on tho Stock Exchnnge wns
small today and changes In prices were
narrow,. Tho names of 54 lending dollar
Issues wero published which the Treasury
Is Immediately propared to purchnso for
exchange purposes. Tho list may bo cx
tonded. Prices will not be made public,
except to sellers.
Tho feeling In the gilt-edged section nns
cheerful following tho reinvestment of dis
bursements. Homo railway shares dis
played firmness, with hopes as to divi
dends undiminished.
Little business was done In Canadians.
Canadian Car nnd Foundry shnres were
flat and they failed to rally.
Tho Fronch loan wns firm, but a shade
bolow tho best. A fresh rlso In tho staple
caused strength In rubber. Capital nota
tions loat year nmounted to 1,047,000,000
frnncs, of which 978.000,000 franca was
British State borrowing.
DIVIDENDS DECLARED
Cluett. Peabody & Co.. quarterly 1U Por cent..
panble Tubruary L
First National liank. regular quarterly 2M
per cent., payable January IS to stockholders
of rucord January 13.
Columbia Avenue Trust Company. reiruUr
semiannual 4 per cent., payable on demand,
BAR SILVER
NEW YORK. Jan. ft The Price of com
mercial bar sliver today was B0!i. with Mexi
can dollars nt 43 H cants.
IONDON, Jan. . liar silver was quoted at
W4 pence.
Corn
Exchange National
Bank
Philadelphia
December 31, 1915.
RESOURCES
Loans & Investments.$22,945,615.05
Due from Banks.... 4,649,458-93
Clearing House Ex
changes 1,351,069.22
Cash and Reserve ... 6,S88,'680.87
$35,834.824707
LIABILITIES
Capital , ,. $1,000,000.00
Surplus & Net Profits
(Earned) 2,106,721.39
Circulation ., .,, 90,00000
Deposits ............. 32,638,102.68
$35,834,824.07
N. W." CORSON,
Cashier,
AUDIT
THOSE BOOKS
HEVERLE & HAY
PUBLIC ACCOUNTANTS
HCAL ESTATE TrUT BUIUM
ilk
PRICE OF COFFEE HIGHER
Volume of business Not Large Sup
plies Liberal
NEW YORK, Jan. 6,-Prlces In the cbf
fee market today advanced 12 to 14 points
above the final of yesterday, on covering
and buying of trade Interests, ns n result
of nn advance In ocean freight rates on
coffee from Brazil td J1.00 per 100 pounds,
compared with the previous rate of 60 to
70c.
The volume of business wns not large,
but the market showed a little moro ani
mation and was thought to bo In n firmer
technical position as a result of recent
selling. Supplies hero are liberal, with
buyers Indifferent, and there wns a dis
position to nwalt action, on tho part of
Brazil, In regard to offers In the freight
market.
The world's visible supply of coffee dur
ing December showed a decrease of 143,165
bags, against a decrense last year of 166,
892 bags. Tho total now Is 10,237,821 bags,
against 9,983,696 bags a year ngo.
Rio was unchanged at five J525 for No.
7. Exchange l-32d. lower at 11 81-32d., re
ceipts 9000 bags nnd stock 439,000 bags.
Santos was unchanged at five $800 for
No. 4. Receipts 46.000 bags and stock
2,199.000 bags.
Receipts at the two ports wcro 65,000
bags, against 60,000 bags a year ago.
Jundlahy 44.009 bags, against 43.000 bugs:
at Sao Paulo 41,000 bags, ngalnst 45,000
bags, respectively. Cleared from Rio
Tanelro 6th the S. S. Scottish Prince with
4000 bags for New York.
Totnv'n
opentnK.
7.1ft
Yesterday's
cloe.
"osfrt.oii
n.4,wjori(i
n.n7ar,o
H.OHHOt.t
n.7Uf 73
n.jiWB ts
ftSlCfl M
0.87flOS')
n.ni?fi.M
ixwf ii ns
iiyff7.ni
7.027.01
tleeomber
Tnnuarv ..
Ffbruirv .
Mnrcti ....
April
My
June ....
July
AURUftt ...
Bfptomber
October ..
No ember
Mil.
n'Mt
:m
7.n
7.0S
General Motors 20 Per Cent. Dividend
NEW YORK, .Inn. C.-General Motors
Company declared a regular dividend of
fj a share for the quarter ended Novem
ber 1, 1915, nnd nnothor regular dividend
of !3 for the qunrtcr ending February
1, 191iS, making n total or $10 n share,
payable February 15 to stock of record
January 25. This action plnccs the stock
on a 20 per cent, basis, and Is rctroactlvo
to the beginning of tho current fiscal year
on August 1, 1915.
More Money in Circulation
WASHINGTON. Jan. 6.-The money In
circulation In the United States Jnnunry
1. 1916, was J3.009.184.171. compared with
$.1,645,16.11G n year ngo. No great change
occurred In tho last month.
METAL MARKET
,.NmV YORK. Jan. U.-Biieltcr i-teaily. with
llitlo clmncc In prices. I'rlmo Wmtcrn Knot,
17VJC.: lato Jonuary. injc.i February, lOWc;
March. IGUc.
a
g-acjrjg-JEj-jggcT-jg-accracjHcra
DIRECTORS
FItANCIH 11. M'.KVIM.
T1nnlil Tlitf-lt
ll'm Voultnt.l
(irorKF I. Ilnrtol
Itodmnn I. (Irlscom
.1. Mnuran Ithndes
W. Frederick Snyder
Hubert Tolnmt
Morris I.. Clothier
John Urlhhrl
neorec Mcl'mldm
Francis IK. Reeves, Jr.
Wm, IV. Trailer, Jr.
Statement of Condition at the closo of business Dec. 31, 1015.
RESOURCES
Loans and Investments $43,101,083.31
Customers' Liability under Letters of Credit. . . 293,390.68
Due from Banks 8,394,215.40
Exchange for Clearing Houso 2,520,529.62
Cash and Reserve 11,697,656.14
LIABILITIES
Capital $2,000,000.00
Surplus and Net Profit 4,703,597.28
Circulation 1,079,297.50
Letters of Credit issued to Customers 293,390.68
Deposits 57,930,589.69
b5a5af555H5g5555ac55aga5H5Hsa5H5arjg5a5HcsgSg5
Fourth Street
National Bank
Philadelphia, December 31, 1915.
RESOURCES
Loans and Discounts $40,696,204.18
Customers' Liability under Letters of Credit 1,315,814.27
Due from Banks 9,250,806.90
Exchanges for Clearing House 2,985,803.44
Cash and Reserve 10,187,744.81
"$64J 436737 379 0
LIABILITIES
Capital Stock ?3,000,000.00
Surplus and Net Profits $6,641,833 26
Reserved for Taxes 25L000,00 6,666,833.26
Circulation . ... '. , 489,500.00
Letters of Credit Issued to Customers 1,316,214.27
Deposits 52,963,826.37
ACCOUNTS Or MKKCRANT8, COKPOKATIONS AND OTHKUS fiOIJCITKI).
yOIIrJIGN KXCJIANGK HOt'GKT AND SOI.IJ, I.ETTKKS OF CKEIHT ISaUKD.
E. r. MIANUACUEII, President
F. C HOOKH3. Vice President. V. A. Hl'I.KLEY, Asst. Cashier,
W. IC HAHDT, Vice-President. C. F. SHAW, Jr.. Asst. Cashier.
It. J, CLAHK, Cashier. W. It. JIUMPHHKYH, Asst. Cashier.
DIRECTORS
SIDNEY F, TYLER. Chairman.
ISAAC H. CLOTHIER
C. 8. W. PACKARD
E. F. SHANUACKER
JAMES M. WILLCOX
T. C. du PONT
FRANK T. PATTERSON
WILLIAM A. DICK
EFKINUHAM 11. MORRIS
W. R. NICHOLSON
FRANCIS I. GOWEN
The Bank of
Resources
Loans and Discounts...., 11,1$7,J0.09
Due from Banks and
Bankers 2.447.0S9.89
Cleirinu House Exchanges 1,193,151.7
Cash iuid Reserve '3.915.880.97
Treasurer of tbe
United States 63,000.00
Tsfel
. $29,844,164.58
S. D. JORDAN, C!ur
ENGLAND NAMES SECURITIES
UNDER MOBILIZATION SCHEME
List Contains 54 American Bond Is
sues and Many Rails
LONDON, Jan. 6.-The Initial list of the
American securities, which the Treasury
is prepared to buy or borrow, under the
mobilization scheme, has been published.
The list contains 64 bond Issues, mostly of
Amerlcnn railways. It Includes also, how
ever, American Telephone and Telegraph,
General Electric, New York Telephone
and United States Steel Bhares. Canada
Is represented only by Canadian Pacific
6 per cent, notes.
Tho railways down on the list nre the
Santa Fe, tho Baltimore and Ohio, Cen
tral Pacific, Jersey Central, Chesapeake
and Ohio: Chicago, Milwaukee nnd St.
Paul: Chicago. St. Louis and New Or
leans: Erie, Illinois Central, Kansas City
Terminal, Lake Shore, Long Island, Louis
ville and Nashville, tho Soo Line, New
York Central, Northern Pacific, Oregon
Short Line, Oregon and Washington,
Pennsylvania, Reading, Southern Rail
way, Union Pacific nnd Southern Pacific.
PENN
NATIONAL DANK
Comptroller's Call. Dit SI. 101S.
ASSETS
Immediately Available:
Canh nnd Reserve . .M.747.4M.29
Checks for Clenrlnes. . ltli.r.00 00
Due from Corres
pondent 407.088 07
Demand Loans 1.4IH.160.BS
$3,8G3,2G7.84
Available Within 30 Days:
Loans due In 80 ilays.n,42S.127.H..
United Rtntes llonds
(pir) sno.noo.no
Other Uonds nnd In-
etmeiits r.Rl.r.2it.4r.
50,072,922.14
Other Loans & Discounts:
Due within HO days.
Due nfter 00 days. .
nnnklng Property .
l.H4r,,i.i.in.-,
. i,i;io,aaa.E.i
Vdo.ooium
$9,428,721.72
LIABILITIES
Deposits J7.inR.24ta2
Circulation 170.2.10.00
Cnpltnt Stock . . r.in,oon on
Surplus nnd Profits . . 1.1120.253.4(1
$9,428,721.72
Always Commercial
M. O. IIAKKK, Caidiler.
December 31, 1915.
losnrir wayne. jr.. rrt-niiimi.
11VAN HANDOI.IMI. Vice-President.
t. n. winnnitsiiKiM.
Vlcf-1-rrnlrirnt.
rH.VllI.llS M. ASHTON. Cnnhtrr.
V. W. P1CKFOHU, ANxUtnut Cashier.
ALFltlin JIAURATT,
AaalMnnt Cnshlcr.
Chairman of the noanl
VI V
Jcorcn I. KnseiiRarten
Joseph Wayne, Jr.
Kuin Kumlntpli
Mnrrls It. Ilorklii
Arthur V. Morton
Wm. Jay Turner
$66,006,875.15
$66,006,875.15
$64,436,373.90
THOMAS S. GATES
WILLIAM de KRAFFT
FRANK CI. HOOERS
I3EORRE K. JOHNSON
WILLIAM P. GEST
North America
Philadelphia, December 31, 1915.
Liabilities
Capital , 91.000,000,00
Surplus and Undivided
Froflts ,.,., 2,390.653.50
Circulation , 497,700.00
Deposits .,, 19.951, 876.04
Totil
. $20,840,164.5$
THE PHILADELPHIA
NATIONAL BANK
Philadelphia, December 31, 1915.
RESOURCES
Loans and Discounts $52,044,108.91
Customers' Liability under Letters of
Credit and Acceptances 7,734,646.75
Due from Banks 17,537,790.04
Exchanges for Clearing House 14,707,157.78
Cash and Reserve 11,712,143.76
$103,735,846.24
LIABILITIES
Capital Stock $1,500,000.00
Surplus and Net Profits (Earned) 4,976,195.22
Circulation 648,997.50
Letters of Credit 6,134,419.82
Acceptances 1,684,489.16
n .. Individual ...$55,761,060.75
Deposits. Bank 33,030,683.79 88,791.744.54
$103,735,846.24
L73VT u HUE, rrestdent
WILLIAM S. MADDOJC. Vice President HORACE FOnTKSCUE.VIce Pres. A C&thtlf
DAVID W. STEWART, Assistant Cashier FRANK P. STEr-HENS, Assistant Cashitr
O. HOWARD WOLFE. Assistant Cashier
DIRECTORS
RICHARD ASIHIURST.
i:oitnn wood.
ALFRHD C. HARRISON.
LEVI L. RUK.
OKOROn II. FRAZirJR.
OHOROK II. McPADDBN,
Accounts of Mercantile
Foreign Exchange
RFFINGIIAM
RANDAL MOHOAN,
It. DALC RKNSON,
SAMUEIi RBA,
PIHRRE S. du PONT.
315 Chestnut St.
RESOURCES
Loans and Investments
Due from Banks ....
Exchanges for Clearing House
Cash and Reserve .... .
LIABILITIES
Capital
Surplus and Undivided Profits
Unearned Discount ....
Circulation
Deposits
WM. A. LAW
President
KC.VTON WAKXI1
VIce-I'rt'Hltlrnt
TIIOS. W.
CIIAS. II.
J, TA'l'.VAI.I. I.I1A,
DIRE
r. w. AYiin
N. W. Ayr k Sons. Ailvcrtlslns.
en v.s. .. rim. ii
Wilson k Brjrthury. CoinmlMlon Dry floods
jom:iii s. ci.aiuv
AttorcM-st Law.
CA III 11. Iv. ( I UTIS
IVnldi'nt Curtis I'ukllsLInz Cnmpnny
Kit V.Mvl.IN D'OI.IIHt
Franklin D'Oller & Co.. Cotton Ynrni.
H 11,1. 1 AM p. t.uvr
President Fidelity Tru.t Company.
fii:oii.i: a, inn i.
fiYDMll 11. lll'Tt'Ill.NSO.V
Hutchinson. Itl.lnus & Co.. Insurance.
FRANKLI
Broad and Chestnut Streets
Philadelphia, December 31, 1915.
RESOURCES
Loans and Discounts $31,741,677.31
Liability under Letters of Credit 322,710.93
Due from Banks 5,525,662.22
Cash and Reserve 10,213,218.02
Exchanges for Clearing House 3,547,004.60
$51,352,27328
LIABILITIES
Capital $1,000,000.00
Surplus and Net Profits 3,588,920.06
Circulation 438,800.00
Letters of Credit 322,710.93
Deposits 46,001,842.29
$5x7352,273.28
J. R. MCALLISTER, President.
J, A. HARRIS, Jr., Vice President, J. WM. HAHDT, Ast. Cathler.
K. 1'. PASSMORE. Vice President Cashier. J. C. IltANKLANU, Ast. Ctishler,
E. K. MIIEt.DS, Asst. Cusliler.
DIRECTORS
EtUnchum II. .Morris
Percy C. Madeira
Kills Pusey Pa.. more
J. Andrews Harris. Jr.
Samuel T. Ilodlne
Thomuii HeHItt Curler
Ge tk H. Frailer
Edward II. hmltli
Henry Tutnall
J. Rutherford McAllister
Frederick 1 Iluily
.1. iiamiiinn jtarnr
MurrU L. Cluthler
FOREIGN EXCHANGE
CtofatiA'
T. Wlstmr ISrowa
Georce ilurnham. Jr.
tllliam Wood
J son pltcaira
Charles U. Smith
Henry W. Illddl
Charles WuceUr
William X. Elliott
RESOURCES
Loans and Ipv&tments...$i7,S60.8SS.01
Exchanges ton Clearing-
House ..., 1,803,295.78
Due (ram Banks and
Bankers ,. 1.S1I.190.27
Cash and Reserve.., 4.773,694.83
(30,230,0637
WILLIAM T. ELLIOTT, PrcildcaL
WILLIAM POST, Caisler.
R. MORRIS,
ASA 6. WINO,
SAMUEL M. VAUCIjAW,
WALLACE D. SIMMONS.
SAMUEL D. -WARRINER.
THOMAS S. GATES,
Firms, Corporations, Banks and Bankers Invited
Bought and Sold. Letters of Credit Issued
The First
National Bank
of Philadelphia
December 31, 1915
$23,982,562.10
3.814,318.52
. 2,029.479.36
. 4,917,688.05
$34,744,048.03
. $1,500,000.00
1,641 839.97
9,420. 14
715.000.00
. 30.87,7,787.92
$34,744,48.03
FRI3AS II. hXYDKTt
AyslMnnt Cnslile-J
IIARIIV J. IIAAh '
AMinctr
'iishler
JAMK.S
ANnlfttmit CiiNhler
AHfilntmit Cunliler
Cliiilriiimi of lluurd
C T O R S
II. C. IRVI.V
President KJre Association of l'iillndtlphls
Ull.l.lAll . LAW
Provident.
.1. T VTA Vl.l. i.nv
flmlrmnn of Ilonrd.
JO-., ii. ic vi.i.
Preslilrnt PldlnrMpliln Uli-itrlc rompsny.
KHKiilt. .Ili'OW i;.
llcntlnd.Wliltr I unl Mtnlni Company.
MI.VK.VI'KIt .S. MAHV. l.N
Mniugrr National llUcnlt Company.
HV.MIAI, MOHI.'A.N
I'nlte.l Cam Injprovrux-nt Company.
J. w. . i iki;
President Atlsrtlc Itoflnl Compnny.
C. S. W. Packard
Charlton Varnali
W. IV, Atleruury
K.ilrnr O. Felton
Kduard F. Ileola
Duniel II. Wenti
Arthur 'V, Sall
IN ALL ITS BRANCHES
jZcdusnot
Philadelphia, December 31, 19J6.
DIRECTORS
Charles X. IniersoB
A. A. Jackson
Samuel M. Cuneea
Clarence M, Urowu
I.IA1ULITIES
Capital 11,000,000.08
Surplus and Undivided
Fronts (earned) ....... 3.65i.S2:.
Circulation 9,500.00
Deposits :i,655.646.3
tJ,a,JJar
WILLIAM Y. CQMtAB. AwUMsf.
ANTRIM M. JaXVCS. UAftttV Caskltr
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