Arizona republican., 1917-06-03
FINANCES AND MARKETS
Republican A. p. Leased Wire1

NEW YORK. June 2.-(Wall Street, Profit taking occasioned by the us- ual week end closing of outstanding contracts and next Tuesdays holiday probably accounted for the irregular | ity and heaviness of today's market. The short interest also derived some encouragement from the further de- cline in Russian exchange to a point approaching it's minimum and the de- | clslon of the Interstate commerce commission ordering a suspension for | six month of scredules on domestic | storage within the limits of New l York harbor.
 , United States Steel fell IS to 12S5s 1 Mexican petroleum scored an eX- treme advance of five points, other i oils rising 1 to 212 and American ] Smelling ,, with an average of point | for other coppers. Most of these gains were effaced in the heavy of- 1 ferings of the last hour. Total sales amounted to 560,000 shares. 1 The bond market was irregular, with total sales (Par value) aggregat- ing $1,230000
 United States and Panama Ameri- l can bonds lost from l. to l per cent on call during the week.
 WEEKLY FINANCIAL REVIEW.
 NEW YORK, June 2.-On two dis 1 tinct occasions during the unusually
 busy week the stock market offered
 unmistakable evidence Cs ability to i resist profit taking and professional ] pressure. There was heavy realizing l prior to the holiday and considerable nervousness from the temporary clos ing of the port. Following both in- i stances, however, the market register ed ample though not complete recov- | cry Increased public participation was a factor of growing importance. Sentiment was visibly influenced by the more encouraging signs attending
 the progress of the Liberty Loan, the marvellous April statement of exports
 vastly better railroad returns and ! more promising crop prospects.
 United States Steers contribution
 to the weeks total on it's rise to the
 new record of 1861 aggregated about
 1900, 900 shares or almost one third
 t' the outstanding common issue
 Substantial improvement in sugars
 tobaccos and related products, raw
 and refined. resulted from modified
 tiOns by congress of proposed war ' impoStS.
 Uncertainty respecting the Russian
 situation was again indicated hy the
 weakness of rubles. Exchange on neu-
 tral European countries was invaria
 hly higher. Rails were irregular al
 best
 WASHINGTON. June 2.-The fed.
 eral reserve boards statement of the
 combined resources and liabilities o1
 the twelve federal reserve banks or
 June follows:
 Resources:
 Gold reserve s4S9. S34 GOO.
 Legal tender notes, silver, etc, s36, 624 GOO.
 Total reserve s526,45S,O 900. Five per cent redemption funt : against F. R. banks s400000 Bills discounted memDers $50, ,S54. 900
 Bills bought in open market SIG, 100, 900.
 5 tinted States bonds sS3, ,3s7 O00
 One year treasury notes S23, ,33S .OOt Y. S certificates of indebtedness l S5i i,1570OO
 1 Municipal warrants s13912, ,000. : Total earning assets s294, 14S.O00. [ Federal reserve notes net s29.S7S, f OOO
 r Due from other F R. bank net g.
 GIT. .O0O
 s Uncollected items SI77 0s2 000. l All other resource s6.056 000
 Total resources $1.03S. 309, 900. r Liabilities:
 F Capital paid in s5s 1885, 900. ', Government deposits s96. 427 900. :, Due to members reserve account n S721. 1.146. 900.
 Collection items s134 142 600. = F. R. notes net s27.776. 900. : All other liabilities including . aign governments credits S1S33,O00 Total liabilities s103S, 3o9 000 . Gold reserve against net depos U and note liabilities 61.3 per cent Cash reserve against net depos ' and note liabilities 65.S per cent. s Cash reserve against net Gepos S liabilities on federal reserve notes circulation 66.S per cent.