?
I. !
y
if
pn.
MfP-, .
r FINANCIAL NEWS
Buying by Large and Small 'Interests
tWALL STREET RELIEVES WORST
PHASE OF SITUATION IS OVER
Whatever Change Comes Now Must Have Favorable In-
JL nuence, It Is ThoughfShorts Compete With
IJF r
' NEW YOHK, May 8.
, The stock market tone today wan determined by the comments In tho morn
ing press, nnd tho complexion of editorials published throughout the country
w&u the sole factor in creating a belief that tho worst phase of tho German
diplomatic situation had been passed and that whatever clianBe may como from
wasningion must nave a favorable Influence.
It was assumed at the beginning of business yesterday that tho wording of
the German note prevented It from being received with good grnco by tho Admin
istration, and Wall street was uncertain today whether to look for Its acceptance
or not. Tho uncertainty, however, was passed over as an Influence on market
Sentiment.
Tho general opinion from tho strongest, quarters was that the market haw
turned hnd that not even a check to tho accumulation will result from any action
the Administration makes, Tho only uneasiness shown was by the bear element.
Tho Increased short Interest created yesterday made tho bear position still
more vulnerable and tho problem is presented to the shorts of conducting cover-
... -.uiieranuus )u competition wmi buying by both large and small Interests
throughout the country.
Instead of considering the diplomatic outlook financial Interests. Investors
and a strong speculative clement arc now devoting nttcntlon to tho changed
dividend position of many Issues In tho Industrial group and to dividend pros
pects of leading railways.
Motor Merger Itumor Untrue, Says Chevrolet Head
NEW YOniC May 6.-The contemplated gigantic merger of automobile com
panles In a $200,000,000 corporation, as was reported In press dispatches from
Detroit, was declared today to bo a fabrication puro and simple by V. C Durant
president 6f the Chevrolet Motor Company and owner of the majority or stock of
JlnPenu , Compnny' w,,oso lmmo wns mentioned as being actively Iden-
. ?n lliu JJ1UJUVI
Ntw York Bond Sales
tlOOO Adftmji RnrH l
3uiiuo Annlo-Kruich 6 ... Mit
.sow) .irrontlne Oa .... nit
tloouAmr Tl clt 4i . Bi
BWU After Writ Pd b. . 75U
51100 Atchison mn -I . . 03 .wiy
3oo AtchHtm cv s:...10i!i lira
I too At Inn Co Mno 4lt. oi
hhhi Aun Co Line 4n ., 02
loom) liult & Ohio 3V4 . 02
.?:
'08
OSVi
00.
lni
Rn
Ml
85
47
OM
02 i
S.I
10 tl
100
s"i
s
00
lie
n
131
IU&
K."
103 I
02 J
8 SS
.. 0JM f2 02 J
1IIJ HI7H lllj'.
1II0H moji IO(,x
cv tn,.,,,mj lani latu
ronv 4. hit' 1H7U HIT!
llfh. tow. Clo.
SH'J 83H KS'i
uivi in'i
2 02,
73H 7n4
03
lll'itt
11 I
J2 02,
IIOII Halt A tlhln rrr 9U nlU nil! II1U
H(HI Halt ft Ohio 4 ... m D1W 01U
" Hall ft Oh ev 4H D5i 03, ,II.V1
,m" !1Rll.K vnio i . . . hhi'4 jihm luuv
imn jirooKn it 'i' t 'is, .iuitnii liH'rs
-uuir m una & i;i ns ... UH'i
Moon run Civ r, w I I028 os
42()(() do 1031 o
1(1000 do 1021 .... . . 00'
mm ni l'KO Int 4i , . H
iooo Chllt Copiwr 7K.....131
iioocl Ch t Ohio ev 4H. s.-)i
IMMW Chi A Alton 35i... 4TJ
noon CHI II ft Q Joint 4.. US'?
Bonn ilo in 4.....,,. 024
41100 Chi n ft Q III 3., 83.
1U0I1 Chl .Mil ft St 1' CP fl.ll3
i'ooo ilo .llv 4s .. 02 H
UIHF Cv 0 ...., 1UJ
iwi'i, cv 1 'j a .1
20O0 Conn Una cv
3000 1i A llllil ..r
.." rn re iiiu ur Hi..... .im ..
100() l)ct !Mion 3a 1033,1031 103
2SOO0 Dla Hreiir Corn n.. 7ll4 Tn
13(100 ttrlo ran 4m M f w I N.1U
2001) tlrrnt Nor ...,.,,. OOVi OHJi t0
.woo HikI ft Man In is... 27 2T 2T
12001) iio rM As.,,..... 71 70 70U
iooo Imllnnn RicpI 3s,,.loi! 102U lojn
4000 Intcm Mm -IH 73A 73 73
4000 Interb It T rft !.. OS? Ost Oj't
4S00H Intrr .Mer Mnr rt..)(UU JwOH loiu
0000 Japan new u H 4Hs 70 7St. 78t
100(1 iln tf 4a . . 71) Til 711
1000 lorlllnnl lis 100?. too'S loo'
.uun .-viex ipi?i in us Be A. lift n.
iooo iio Her c nr. in
iooo jnnn fit Jinn 4s.... oil"
3000 .Mo Knn ft T 1st 4s. .,73
2000 Ts'nt Tulm r,s loo'tj
noo .V Y ' 11 On 113
noon ii. is 02
iooo do 4'4s IMS
300(1 X V Oils II ft 1' 4s.. 81(4
11100 iV T X II ft II lis. .11.1
2000 H Y Itwy adj Ts. . . 3(lW
4000 N Y Tel Btn 4'4s... lis'
(" .or me prior s.. irj
2..oo uo Km s . .
Tooo I'.i. iftr Tel 3s ....
1000 IVnnn ."s 1010 ..
iooo I'ortliui'l lly fs.
IOOO Il.nillni. ui-ti Is . .
10o) Hork Islnnd 4s.. .. 81 '4
C2O0O ilo rM Ik 71
22000 .lo 3s 48 U
iNEW YOfaK BANK BTAfrtiMENT
NEW TOItiC, May . The statement of
the condition of the members of the New
York Clearing House Association for" this
week shows a decrease In average loans of
15,173,000 and In actual of ,27,635,000.
Average reserves fell J3,29,740 and ac
tual $2,344,920.
AVBrtAOK.
Decrossp.
1onns
Demand tlpoalts
Time deposits ,
Iteserres . . , , ,i
Loans
..........it
$3,173,000
11,201,000
B, IH 0,000
8,21)4,740
ACTUAt
x!t" HVnM MX:,',L". '!'" "?I'S22'S22
niT...d.ep0", '' i .1B,877,000
R"fn".V. " 2.3.B20
DON
72'(
lootl
118
0-..
044
.81(4
113,
r.nj
n't u.
. 0(1 'k 00
. 1)0'. 0!)
.10.1 103 J,
. 7llj4 71) Jt
. on, :ft.
NEW YORK STOCK SALES
l)W.
10
SIV4
57
"0
07H
70
u
o,
133
V4
as'
20 w
son
no
07 v4
03i4
80
OS
HlKh.
Adv Itumely .... lo
Alas Old Mines 2tT(,
Allls Chalmers... 27 y,
do prcf 10b
Am Ag jChm pr. 07 H
Am B Sugar . .. 7054
Am Can SB
Am 'Car & Fdy. ii
Am Coal Prod. 133
Am Hide & L... OH
do prcf at
Am Ice 30 Vi
Am Linseed ... 23
do pref ...... SO1)!
Am Loco 71
Am Smelt 09 V4
do pref A .... 03!4
do pref B.... SO
Amer Zlno S3
Amer Hugar ....M0?!i 100
do pref .113 11 M4
Amer Steel Fdy. a 33
Amer Tel and T 12V(i 12
Amer Woolen .. 48
do pref 8 .. 97
Am TV Paper pf 10T4
Anaconda Cop . 80
Atchison ......102
do pref 101
Baldwin Loco .. OOVi
Balto and Ohio . 85 Vi
do pref 734
Batoptlas kilning :u
Beth steel 450
do pref 133
Brooklyn Oas ... 120
Butte & Superior 03 H
California pet .. 2354
do pref ..'.... 49
C 1 f , ,18
Ca.'jndlcr Motor, oiy,
vw..v x.ciithur . . ovn
do pref 11194
Ches & Ohio.... 61
Chill Cop 2154
Chlno Copper ... 81
Chlo Great AW.. IS54
do pref A. .. . 30
Chi M &. St P. .. 034
Cont Can ...... 8854
Chi It I & Pac.. 1054
Col Fuel & Iron 4S
Consol Gas 134
Corn Products... 10",',
Ciuclblo Steel... 8354
Deere & Co pr. 9354
Dome Mine's so
Distillers Secur.. 5314
Detroit United. 1.101
Erie 3654
do 1st pref.,.. stf,
General Electric. 103
General Motor. ..423
do pref lis
Creeno Cana.... 8154
Goodrich Co 7754
Great Nor pr ..11051
Gr Nor Ore ctfs 4094
Int Agr Corp pr. 81
Int Har Cor N J. 112
Interboro Con... 17
dq pref ...... 74
Intematnl Pap.. 11
do pref ...... 4794
Inspiration Con., 43
Xet
Close, chnije,
10 54
21 1K
27 154
70 2
9754 54
7054 254
87 154
fll-4 1
183 254
Int Nickel
Int Merv Mar . .
do pref
Renne Cop ....
Kan City So ..
Kelly Spring ...
Lacka Steel . ...
hlsh Valley...
Lee Itubber ....
May Dept Store.
' -Wax Motors ..
do 1st pref...
do 2d pref...
49T4
27
0054
87
S454
72
7154
77
00
S3
2 54
8854
80
M StP S S M.110
Mex Pet ..,.,..10754 lot
Miami Cop 3694
Missouri Pao .. 454
do t c ....... 454
Natl tflFfJingr. 34
'am 'Mm, , , 6A5m
N Y Air Brake., 131
Nevada Con .... 1794
N YNH&H... so
N Y Central.,., 103
do 2d pref. ... 83
Nor & West 12354
North American. 69 69
Ont Sliver .,.,.10 10
Pacific Mall .... 2354 2354
Penna S354 8894
Pblla Co 41 4094
Pressed Stl Car. 47 4654
Pub S Cor N J. 137 16
Itwy Stl Spgs... 4454 4S
do pref 8894 OS94
Hay Cons 23 3254
Beading 6654 sr
Aep Ir & St.... (s 47
do pref ......108 108
054 54
82 3
30 1
2
3091 194
7154 2
09 2
0391 ....
so y
0.1 3
10954 154
"354 9h
8394 194
12854 5ft
48 4554 154
0794 9794 1
1054 1054 1
83 8394 154
10154 101T4 54
101
00 54
83W 54
7854 54
254
439' 4 54
135 .....
120 '54
0354 54
2.154 2 54
40 1
16K 1
0154 354
3354 154
111
l 54
2154 54
84 94
1254 94
3B 1
9394
3854 54
1854
43 194
134 154
1054 5ft
8354 3
9354 54
36 54
S3 154
10054 101 1
3354 3654 154
154 31
163 163 94
428 428
H894 11894
60 BI54 2
7B5ft 77 294
11054 U094 54
4054 4094
3094 81 1
113 113 194
1054 17 94
74 74
loft 109ft 54
47 47 54
48 4B5ft 54
4054 4054 154
38 389. 54
8854 80 2
8054 87 tI
2454 2454 5ft
72 72 1
994 7054 354
77 7794 154
4054 80 1
S3 33 54
79 83 54 8
84 8654 354
8754 S8 3
118 110 2
10754 654
3654 38 154
454 4 54 54
4 454 54
3394 34 54
6854 6654 1T1
133 134 2
754 17 54
S894 so 1
10494 10454
S3 33 2
1354 12354
101
8854
8354
7S54
354
430
135'
120
9254
on
40
1794
01
S3
111
01
2154
33
1254
3554
9S94
8854
lsy,
4254
134
1954
8094
9354
255ft
SI
80 5ft
10
33 54 154
85
4094 ...
47 154
7 154
"54
98 254
3 54
8854 1
48
108
LEOAIi ADYKBTlSKMlQiTfi
J35S 'T1CK IS HEBEliy GIVEN" THAT
- vjm.m.m wmi u maw 10, iaa Gov
ernor o( I bo 8ug of IVninylvunU, on June
Jw and Samuel 1. , Ttrviuoo. under the act
of AiMemblr of the Commonwealth Df l"eunl
oI. entitled 'An et to provlJa for the In
eorporatlov ana reKUUtion of rertaln corpora
tion." awoI Anil 29th. 1874, nd the up
pleueata uereto toe the charter of an Intended
Sonwetlon to be culled PMUMahlaT Tei fg
Djnj. tea duritte an4 object of which a to
msaufacture. purcluee and II, vend and
l4l,ln.t etorea to be conducted by the said
cocpsratlaa, food producta. vrocerlee. extracts
wattcUQg, iaaeeji. eplcea, te, corteee end
UIMLJtm-
' save
a.iJ ertvllecte of the ealj act. of Aaeembly and
HAMUBt, M CLgMKNT, 3r ,
Bolfcltor.
TOOfectios, . mwcb, teu, eoiteee
jUl e.ttlsle ttsnaUif iiandled by a flxm-c
STtteffy'.rtorli. and for Uuse purposes to 1
aad poweea and njuy all the rUhti. Uo
HKBCTy y ACCO0HTANTS
CaraMWet ilddla Aecwwtaata
imn:NiM$
fUn B.LKE
TTrnir jmrif J"1"
aJLwe'aSaMttewQialKlajaW 15'
Seaboard A I,.
do irof . . . ,
Sears Hocbiick. .
St I. & a V ...
Shat Cod
Sloss Sheffield
IllKh.
, 1854
, 309',
,170
354
S3 54
87
So P U KiiBar. .212
0754
21
no 14
Southern Pac
Southern Ity .
do prcf
Studebaker ....
Tennessee Cop.
Texas Po
Third Ave
Union Paclllc. .
do prcf
I S Undi Alcoh
United Fruit...
Un Ilwy Inv.. .
do nref
U S Ilubbcr 3414
ir u u.i ...
" " ""-" "y
do pref 11094
U S Smelt 70
Utah Copper.,.. 81
Va-Car Chem .. 3
5Vabash 1 4 yg
do pref A. . . . 4894
do prcf B .... 27 54
West Kleo ni
West Maryland.. 3094
Willys Overland.230
do prcf 104
Low,
1354
30 9i
170
3 54
33 54
37
310
0694
2094
no
54
13291 128
47 40 5'4
19194 110
0154 oi
.134
8394
15394 183
10194 15K54
354 1354
Net
cioflc cnnfii
IS 5-4
31194
170 1
3 54 4 1
33 54 1
7 214
210
07 54 194
2094 y
054
13394 H 154
4054 1
10194 754
0154 1
01
iOOll RIl.AiHK no it din 4 f," k
1111011 HanAAArnn V Int 4 0.4
A I, mij us i
S7
. I'll1
. 70J4
.101N
. K2
. NO'J
. 7S
S4 tk
71
IN4
8? J
1114
Iooo Sciibonnl
Rioon Kiulh I',ir ut In.
4000 do rM In
1101111 Hnuth Itwv Ben 4n
lioiio douth Itwv con 3
loon rhlnl Ae ref 4. .
loooo 'I'hlnl Avn nil J 3s.
iooo Toldn n
niimi Till si I. .t- W In
20(10 Tol St I. & W 3'4B. HI.
IOOO TrI-L'lty r, .... HilS
27(1(10 I S HHn1 f on.... 1113
lllrm tMlnn Pnr. rf.l J. . . 0(1
12000 W 15 & M CV f,3 w l.ll!2'i 120
2000 IVrit Kimro 4 . . oo no
Tolnl iilc, 91.371,000. rninimrril
ltl.SI2.ono lnt Siiturilnt l thli nrrk. SI
l)0O lap.t irrk. $17,113,000.
IMt
70U
h'J
SO
1113
00
.IS
imd
72'S
113.
o.'H
llll't
iih'i
lo.'l",
70 '4
1)3 U
NH4
7I
r.24
03 54
OSJi
STJi
110 1
7IIU
101,
-"
Ml
HI
nil,
105
111)
122
III)
ullti
!,2II,-
Calla for Banks' Condition
WASHINGTON. May 6. Comptroller;
of tho Currency AVJlllarns today Issued a
call for reports on the condition of na
tional banks at of the close of business on
May 1,
Tax Exempt in Penmyhanta
WE OWN AND OFFER t
Reading Co. Gen.4'e, Jan. 1997
Beech Creek R.R. 5's, July 193G
W.Y.Cent&H.R.R.R.4's,
May 1934 ,
Penna.R.R.Gen. 4,2V"ne 1965
Penna.R,R.Con5.4,2's,Aufj. 1960
Allcghcny'Valley Ry. 1st 4's,
March 1942.
Partlculnrs on npMleMlon.
A. B. Leach & Co.
118 SOUTH FOURTH 8TRKHT
Hell Phone t.ombimi 2.17
N(ir 5'ork Chlcneo llonlon Ixindon
SBSSS3SiSSSSS2SSSSdSBSS5SSSZSdS?JSSZ5SSdSSSCi
NEW YOHK BUTTER AND EGGS
23T4
33 134
K294 8294
ISS54
l8K9i
13V4
2354
34 54
84 54
110
70
81
42
1494
43
2754
01
3094
229
104
2354
3S54
839i
11054
7154
HI
42
1494
i in
33 54
18 54
3054
230
104
3 54
294
1 54
Tft
3U.
154
154
2
"4
254
Vt
0
1
Afliiu "V"" S.-S.ldo Khnrr. comnarrd Midi
i, 0,3. 700 Mhnrrii; last ccic. 4,006,000 i.linrr
THIRD
National Bank
PHILADELPHIA
CONDITION- AT CLOSK OP BUSINESS
SI AY 1, 191G.
a
RESOURCES
txians nnd Investments $5,033,330 38
Due from Hanlia g(jo gQ' S3
Cash nnd Reserve l.GOOGl" "'i
Exchanges for Clearing House 339',83o'.82'
58736,392.26
LIABILITIES
Capital 1000,000.00
.Surplus and Undivided Protlts
""., S37.302 32
Circulation 151.000.00
Deposits 7,148.028.34
$8,736,392.26
W. CLIFFORD WOOD,
Cashier. ,
Ni:V YORK, Mm 0 HUTTKll Quirt. In
rrcnnlnt? nupplj nnd Kpncrnl tono oiiplpr. re
rrloto 7130 okKR : pxtr.i rreiimpry, 3Uir
hlchcr srorliiB. 32(iii3214o : Stntji ilalry. 31
Hltjc . Imitation rrennorj'. 2S'4 jf20c
lllitlS Slrailv t" Orm. rprdnm. 3B.7IS
rneei. flrsts. 2I'i iff '-'21. c . hllo ORES, 24W
Me., lirown ckbs. 2Hii2l'4r . mlil rolor. 22w
I'.Vic. . refrlBPrutor lK-t. L'.TlU.'I'i c.
PENIM
NATIONAL BANK
Comptrollcr'a Call. May 1, 1010.
ASSETS
Immediately Avnilablc:
Cnsli and Reserve .
Checks for Clear
InBS Due from Corre
spondents Demand Loans' . . .
$1,401,888.50
320,975.38
380,865.09"
1,111,205.12
Availoble Within
$3,280,924.99
30 Days:
Loans due
days
In 30
United Stntcs Iionds
(par)
.Other Bonds nnd
Investments
. .$1,430,473.28
200.000.00
54t.22G.33
$5,461,624.66
Other Loans & Discounts:
Duo within 90 days.$2.srn- ,278 10
Due after 90 days 1.4 ",698.42
Banklnc Property.. 280,000.00
$9,460,601.18
LIABILITIES
Deposits $7,115,025.53
Circulation 184,500.00
Capital Stock 500,000 00
Surplus & Profits.. .1.GG1.075.C3
$9,460,601.18
Alvvnyi Commercial
M. G. IIAKint, CuHhlrr.
NjITXOSfJlZa
May 1, 1916.
.lOsr.PIl WAYNE. JP... President.
i:vA. HAMJOI.PII. Vlre. President.
CIIAHI.RS M. ASIITOX, tn shirr.
A. W. PlCKroitl), Asslslnnt Cnehler.
AM'ItnO HAItltAlT,
Asslatnnt Cnahler.
PKANCIS n,
Dniilrl llniiith
(Irorite i:, llnrlnl
'tndmnn II. Orlnrom
I. Mniiran Rhoilre
iV. rrederlclt Snyder
Hubert Tolnnd
DIRECTORS
Iir.F.VrS, L'lintrman of the Hnnril
lVm, Neitliolil My lonrnli Vn.rnr, Jr.
lnrrU I,. Clothier . Ktnn ICmidolpli
lolin Orlhhel .llorrN It. Ilnrklnv
tleorRr- .Alrrnildrn Arttuir V. Inrton
1'rnnrln II. Itenrs. lr. Wm. Amy Turner
Al'm. W. rrnler. ,Ir. A. J. County
Ororer I). Itnaenrarten
Statement of Condition at the Close of Business May 1, 191G.
RESOURCES
Loans ant! Investments $46,182,776.01
CurtomcrV Liability- Under Letteri of Credit. . . . 137.825.00
Customers' Liability Account of Acceptances... 518,056.00
Due from Banks 8,619,556.45
Exchange for Clearing House 2,997,554.05
Cash and Reserve 1 2,025,934.44
$70,481,701.95
LIABILITIES
Capital $2,000,000.00
Surplus and Net Profits 4,808,135.23
Dividends Unpaid : 153,865.00
Circulation , 1,074,397.50
Letters of Credit Issued to Customers 137825.00
Acceptances based on Imports and Exports 518,056.00
Deposits 61,789,423.22
uj $70,481,701.95 S
0a5rl5tI5rl5r25H5H5H5rl5a5tlgclSa5rlgrl5Eg
EMPLOYERS OF LABOR
lanr eiperlenro and rnreful study
of the prrnent law enable me to
offer ou efficient HKUVIUK In
Lompenautlon Insurance, u rv.
quired by the new ttilutee. Jly
ervlces are at. your NKKVICK. No
charge for advice. Consult with
HARRIS J. LATTA
Pennsylvania Bldg
$100-6-Bonds
Charles J. Bender & Co.
INVESTMENT BONDS
,MemUr Philadelphia Stock Exchange
NORTH AMERICAN BLDG,
Hi? Market Street
National Bank
of PHILADELPHIA, PA.
Hay 1st, 1916.
HI'.SOUItCKS
Loans nnd Investments . . .$10,137,961.40
Customers' Liability under
Commercial Letters of
Credit ;vnd Acceptances. . 412,747.22
Due from Banks 1,707,807.56
Exchanges . for Clearing
House 539,855.94
Cash and Reserve 2,890,352,72
$15,688,727.84
I.lAIlIMTir.S
Capital Stock $1,000,000.00
Surplus and Xet ProHts ... 1,404,711,50
National Circulation 792,200,00
Commercial. Letters of Credit 12,747.22
Acceptances under Commer
cial Letters of Credit 400,000,00
Deposits 12,079,069,12
$15,688,727.84
W, V, SINNETT,
Cashier,
Fourth Street
National Bank
Philadelphia, Pa., May 1, 1916.
RESOURCES
Loans and Discounts $41,091,420.97
Customers' Liability under Letters of Credit 2,170,189.38
Due from Banks 8,456,920.63
Exchanges for Clearing House 2,935,235.12
Cash and Reserve 20,331,179.54
$74,987,945.64
LIABILITIES
Capital Stock , $3,000,000.00
Surplus and Net Profits $6,627,29L55
Reserved for Taxes 5,000.00
Reserved for Dividend, payable May 2 210,000.00 -6,842,291.55
Circulation ... .... . 489,000.00
Letters of Credit Issued to Customers 2,186,103.38
DePsits 62,470,550.71
$74,987,945.64
w,
(!
J. t'LAIIK. Vlce-1'reet
K. IIAUDT, Vice-President
ACCOUNTS OP MERCHANTS. COItPOItATIONS ANI OTIIKItS SOI IflTFn
10KKIC.N i:ClIANGK BOUIHIT AMI hOM). iIbtTKHS OF VK1SUIT lbSUED.
K. F. SII.Mi.CKi:n. rrenldent
!.,.0PK?f'..yi"!:rreil(lent iy. A. Iiiit.KI.KV. a..i.... r...ui..
i Caehier ( F. SHAW. Jit.. A..f rn.hi..
IV. It. HUMrilltLYS, Aest. Caehler
DIKIX'TOHS
SIDNnr 1". TVI.KK. Chairman
C-. a. w. PACKARD
K. P. SHANnAUKEH
JAMES M. WII.I.COX
T. C. du PONT
THOMAS S. OATKS.
WILLIAM do KnAFPT
THANK T. PATTKIISON
WILLIAM A. DICK
KFKINOHAjr II. MOItrtlS
W. It. NICHOLSON
ntANCIS I. OOWE.N
ISAAC II. CLOTIIIEM
frank o. noaens
ai:onoE k. johnson
WILLIAM V. OEST
JOSEPH E. WIDENEH
HAnity A. TIFRWIND
wiwjaji jr. fotts
SAMUEL BELL, Jit.
315 Chejtnut St.
W3I. A. LAW
l'rcnldent
KENTON WARNK
Vies Prcildent
THOS, W, ANDKKW
Caliler
tHAS. II. JAMES
AUtaat Canhler
FBEA8 B. 8NYDKU
AtnUtant Caliler
HAHliy 4, HAAS
Atnl.Unt CaUIer
The First
National Bank
of Philadelphia
i
Condensed report at close of business
MAY 1, 1916
RESOURCES
Loans and Investments . $27,093,675.39
Due from Banks .... 4,375,099.83
Exchanges for Clearing House 2,061,993.06
Casr. and Reserve .... 4.203,784.85
Total $37,73.4,553.13
LIABH4TIES '
.$1,500,000.00
HOWARD A. LOEH.
President.
GEO. II. EAIILE. Jr..
Vlce-Preldent.
ii. v. McCarthy,
Caihler.
EDMUND WILLIAMS,
Awl, Cashier.
S. E. GUrjOENHEIM,
Mgr, Foreleo DepL
Capital
Surplus and Undivided Profits
Unearned Discount . . '.
Circulation ......
Deposits ...,,..
' Total
1,632,389.57
94,956.30
. 527:000.00-
33,980,207,26
$37,734,553.13
DIRECTORS
J. XATNALiy LK4. Clialrman of Hoard
CJIA. S, CHILD GEO It (J K A. HKVL TUEU'K IMUVCil
vAvm.i p'omam ihlluma, law j. w van oyks
"Strength and Service"
Tradesmens
National Bank
431 Chestnut St.
REPORT OP CONDITION
Philadelphia, May 1, 1910
RESOURCES
Loans and Investments ?7,34-l,C39.59
Customers' Liability under
Letters of Credit and
Acceptances ., 1,764,526.56
Due from Banks , . l ,158,651.44
Exchanges for Clearing House 302,670.32
Cash and Reserve .,.,,..,., 2,1 85,800.90
512,756,288.81
LIABILITIES
Capital Stock $500,000,00
Surplus and Undivided Profits
(Earned) 989,803.82
Circulation 497,750.00
Letten of Credit 1,272,214.26
Acceptances , 492,312.30
Deposits 9,004,208.43-
312,756,288.81
,H, H, SIcCARTIIY, Caahler,
&4&t yCad5nat
Philadelphia,
- niKECTons
Pa., May , 11.
Cbarlea V.'tMltr
WUUana T. KIlloU
Cbarlea K. Iuttr.oII
A. A, JackMa
Samoel SI. Curweu
Gears Bcrnbatn, Jr.
IVilllaiu WooJ
John ntealra .
Chart U. Kmlth
Heorr W. UUdl
ASSETS
loans and Investments. .S18,t 30, 072. 07
Exchanges for Clearing
House ..---. , 1.530,831.46
pue from Banks and ,
Baructrti 1,538,719.29
Cash and Reserve , 8.331.372.J?
$27,931,027,95
WILtlAM T.ELL10TT. PrcsMMt
WILLIAM POST, CuWtt.
ST4NLEY fi.WS0f4AittCfklfr
Clarence II. Brawn
Auty D. Andrew
Kteten lleckaclicr
J. Itartott Tewnaead
C. FrtJ'k C. Htaut
I.IA1JILITIKS.
CapiUl ... fl.090,000.00
Surplus and Undivided -ProHts
(earned) ,... 3,171,780.00
Circulation J.500.0O
Deposits , 88.X9,tgl.85
$27,931,027.9S
WILLMM Y, CONRAO. Aut.Cjiilsr.
ANTRIM M. JONES, AL Cfeljf
THE PHILADEPHIA
NATIONAL MM
rmaueipnia, May 1, i91
RESOURCES
Loans and Discounts . . . ft
Customers Liability under Letters d Credit and
Acceptances . ..... i ..... ,
Duo from Banks i,,.. .......,.,., ,
Exchanges for Clearing House. ..... ....... 4 ., ,
Cash and Reserve
$G2,500,6lg
7.717JS
7,2274?ii
H323;i9
S11R 9oo 77?:
T T A OTT Tfl-ITTCI ' ""itl
J JJL M" Mjt I I I iL1
SKSiin nnK
Surplus and Net Profits (Earned) , . , 5,07162rl
Letters of Credit '. .'. .'.'; ..'..'. .-.!.!!!!!!!', n.7fi9 It A
Capital Stock
surplus an
Circulation
Letters of
Acceptances
rnjj.,Uuni cti oaa tfT ti
Deposits jBank " 37;58o;iii,'o4
3,762,5194
'J.UoHj.1074
101,879,1181?
$116,382,661;
UJVI I BUK, I'relilent.
ClIAItLKS T. 1U.I.NS, Jr., Vice rrenlilenl WILI.tASI 8. MADllOX, Vice rrffl
HOItACK ronTJISCUK, Vice rreoldent nnd Cosliler aj
O. IIOWAntl WOI.FK, AaslKinnt Cnnhler (IKOHOi: V. OKNTKS, Amlit. i-SP
FKANK I'. BTKrilENS, A.l,t, clife
IIAVID W. HTKUMItT, Al Cndliler
ItlOIIAni) AfltlltUItST
oi:oiu)i: wood
AI.I'KKIl C. HAHIirsoK
I.KVI T.. IttIK
cinonm: h. iiiazikk
rinonni: n. sicKAnrrr.N
i:fi'i.v(iiiam it. stoiutis
DIRECTORS
ItAMAI. MOIU1AN
ti. dam: nr.Nsox
sAMuni, iu:a
riBIlRB H. tlu PONT
THOMAS H. OATES
AHA S. WJXO
SAMUni. M. VAUOI.AIN
1VII.MAM II. D.NNER
WAM.ACK 1). SIMMONS
m , Iflil IV1.V
- J. HowAitn rr.w p;8a
WILLIAM r OOIirRE
dm
The
Fundamental
Strength
of this Bank lies in the firm holcLit has on the!
many substantial business houses that deposit!
l s
thit.
wi
RESOURCES
Loans & Investments. $20,5(10,351.07
Due from Banks 6,000,303.03
Clearing- Houso Ex
changes 1,083,7.17.71
Cash and Reserve 1,102,310.07
Customers' Liability
Confirmed Credits
and Acceptances .... 200.n3R.31
$40,090,619.68
May 1st, 1916
LIABILITIES
Capjtal $1,000,000.09
Surplus nnd Net Proflt3
(l&irned) 3,203,503.90'
Circulation 105,000.09
Dcposita 30,0(I8,520.St"
Confirmed Credits nnd
Acceptances 201,591.!
$-10,690,619,631
N. W. CORSON.
Cashier.
Corn Exchangej
National Bank!
Philadelphia
a
Chestnut at Second Street
J. S. McCulloch
President
T.'H. Conderman
. Vice President
Louis N. Spielberger
Vice President. andCashier
Samuel Campbell
Assistant Cashier '
unn
National Bank
Third and Arch Sts.
May 1, 1916
RESOURCES
Loans & Investments $'',, 37.371.41
Due from Banks 816,718.191
Exchanges Clearing
House
Cash and Reserve
v
389;021.73
,,,026,305.26
$9,669,416.5?
LIABILITIES
Capital $500,000.00
SurplusTand Net Profits' '464,567.10
Circulation 420,277.5
Rediscounts with Federal
Reserve Bank 187,500.00
Deposits ,.., 8.097.071.9W
Ignatius J. Dohan
Aaron Gans '
Theo. H. Conderman
Harlan Page
Hdrace T. Potts
- $9,669,416.59
DIRECTORS
W. H. Carpenter, Chairman of the' Board
Wm. McAdoo, Jr.
Charles S. Walton
Henry F. Mitchell
S. S. Marvin
J. S. McCulloch
John C Martin
Louis N, Spielberger
Edward Wolf
Henry H, Barton, Jr. 1
Nathan T. Folwell
Samuel E. Landis
"
ISm3HTSB8SGi
The Bank of North America
JTThe Bank of North America is the oldest Bank in
'America. It was chartered by the Continental
Congress in 1781, at the critical period of the Revolu
tion, eight years before the Constitution of the United
States was adopted. Through its aid troops were en
- listed, and arms and ammunition were supplied to the
struggling Continental army.
f In 1864 the Bank of North America became a Na-
tional Bank, and ii view of its services to. the
nation the Comptroller of the Currency allowed it to
TJtatn-rlv internal title. It is today the onlv NatRffiar M
Bank without the word "National" in its najne,
TlilUileiphU, May 1, 1010.
REPQRT OF CONDITION
RESOURCES
Ioana and Discounts. ,: .116.833,017.6
pus from Uanka apd "
Bankers- . ..!..., . Z.9S4.076.XT.
CUarlntfllousu'Exchartgea 2,I1,367.S4
Cash na HMerv . , J.SS4.310.61
Treasurer, of the Unite!
States ...,r..,...... -IMSO.OO
TUl
,mm,WM
LIABILITIES
Capital 1,000,009.
Suralus and Undivided
Proflta 2.358.97MIJ
Clrcatlon , 687.05S.9f:
Dep-lts Sf.HMl-1
Totii ,
.W"9
Z.T&OmCAe
i t m w
M..x::
ijjffi iiDif 11 ,
m
B 'f