The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-29
Bonds

Louisville & Nashville un. As 80. s4Ss
Seaboard Air Line adj. Sc ....,. 6S14
Southern Bell Telephone IS ...- 1o1N
Southern Railway 5s ........ 102
southern Railway gen. As II
~. S. Steel 5S ......... 106sk
Reserve Board Statement
Washington. October 2S.-The federal
reserve boards statement OF condition
OF the federal reserve banks at the
close of business october 81, made pub
lie today shows:
Resources: Gold coin and certificates
in vault. s274.o01, 900; gold settlement
fund, 1872, 5S7, 900: gold redemption
fund with United States treasurer, ST.
$4,000; total gold reserve, $3s7,F7s, 900;
legal tender notes, silver etc, $685..
600; total reserve, s407 $4,000; per
cent redemption fund against federal
reserve bank notes, $4,000.
Bills discounted and bought: Maturi-
ties, with 10 days, $16,S0s,00o; from
so days, 900; from 81 to 80 days,
500, $4,000 over 80 days, s1,213,000; to-
tai, $107,2t6, 900.
Investments: United States bonds, 49,
ASS, 900; one-year United States treasury
notes, s11, $4,000; municipal warrants, $29.-
$780, 900; total earning assets, $685. 900;
federal reserve notes, net, $16,S46000; due
all other resources. $S,7oS,0O0. Total re-
sources, s651 $4,000.
Liabilities: Capital paid in, $50, 703, 900;
government deposits, $29, 1882, 900; member
banks deposits, net, 1851, 91S 900; federal
reserve notes, net, $11, 1885, 600; federal re-
serve bank notes in circulation, s1,031, 900;
all other liabilities, $4,000. Total lia-
bilities, 1851, $4,000.
Gold reserve against net deposit and
note liabilities, II per cent; cash reserve
against net deposit and note liabilities,
1913 per cent; cash reserve against net
deposit liabilities after setting aside 40
per cent gold reserve against aggregate
net liabilities on federal reserve notes In
circulation, 1875 per CENT,
New York Clearing House
New York, October &.-The actual con-
dition of clearing house banks and trust
companies for the week shows that they
hold $40, Isl, $50 reserve in excess Of legal
requirements. This is an increase OF
$11, 356, 80 from last week.
The statement follows:
Actual condition: Loans, discounts,
ETC., 49, 33o, GIL, 0O0 increase s34, S45, 900; re-
serve in own vaults (b) 100000, in
crease $2o,021 Goo; reserve in federal re-
serve bank sl74.445.O00, increase $2S5.ooo;
reserve in other depositaries $53, 422, 900. in
crease $252, 900; net demand deposits 49,
81, 052 900, increase $48, 600; net time de-
posits $166SS7, 600, increase s1,516000 cir
culation $31, $4,000, decrease 221.000: OBJ OF
which $3S676 900 in specie. Aggregate
reserve 1851, 771,000: excess reserve $10,-
ISL $50, increase 81, $50, 30.
Summary of state banks and trust COM
panies in Greater New York not included
in clearing house statement: Loans. dis
counts, etc, s732 s4S 100, increase s2,56s, 300;
specie s60.517,700, decrease $4,000; legal
tenders 50, 1923, 900, increase $4,000; total de-
posits ss1s 452, 700, increase $780,, 900; banks
cash reserve in vaults $13 15S, 500; trust
companies cash reserve in vault s57, 0SS0 900.
Coffee Market
New York, October 2S.-An opening ad-
vance was followed by q sharp break in
the coffee market for futures here to-
day, with May contracts selling off from
$3.50 to $500, and closing at $3.50 bid.
The opening advance of from to points
seemed to reflect some further buying
from outside sources and covering. but
after sales of 10000 or 11,000 bales, there
appeared to be very little support around
the ring. Offerings, on the other hand,
increased, owing to reports of an easier
cost and freight situation and the de-
cline carried May contracts about 4S
points under the high level of last
Wednesday. The close was to is points
net lower. Sales, 1920; october. S.15c;
November. S15c; December. S.22c; jan
uary, S.27c; February, 832c; March, $3.50;
April 8. 44c; May, S.49c; June, 8.54c; July.
$3.50; August. 8.64c; September, 8.69c. Spot
coffee quiet; Rio rs, sac; Santos As, 1oBc.
Undescribed Santos As were reported In
the cost and freight market at CSC and
we'll described at 10. 10c, London credits.
Sugar Market
New York, October 28.--The raw
sugar market was quieter on Saturday
with refiners inclined to hold off and
await developments. Offerings of Cubas
were still in the market at last prices
but there was no demand and the mar
ket closed nominally unchanged.
Cuba's cost and freight were quoted at
sac, equal to 6.S4c for centrifugal and
5.77c for molasses.
Trading in refined sugar also was
light but the undertone was steady
and prices were unchanged at 1900
7.75c for fine graduated.
The market for sugar futures was
moderately active and the undertone
was steady with closing prices un-
changed to points net higher on COW
ering and buying which seemed for
trade account. Sales were $4,000 tons.
January 467@ 4.69c. closing 4.66c;
March, 4.ss@4.a7c; closing 4.55c; May,
FAC, closing 4.43c.
Bank of Germany Statement
Berlin. October 28-(via London.)-The
weekly statement of the Imperial Bank
of Germany, issued October %. shows the
following changes: Total coin and bull
lion increased 1,s55,0OO marks; gold in
creased 2,179,OO0; treasury notes increased
2O,544,0CO marks; notes of other banks in
creased 2,357. 600 marks; bills discounted
increased 1856 $50, coo marks; advances in
creased $4,000 marks; investments in
creased 4,174,OO0 marks: other securities
increased 81, ass, 900 Marks notes in circu-
lation increase 81, S92, 900 marks; deposits
increased 29,643,00O marks; other liabli-
ties dacrea sAd 5.h41. 600 Tntal holdings in