Newspaper Page Text
16
COMMERCIAL AND FINANCIAL NEWS SPECIALLY... REPORTED FOR THE CALLS
SOAP MAN IS SAID
TO BE BEHIND DEAL
Colgate Is Reported to Have
Backed E. J. de Sabla Jr.
and Captain Barneson
Surprise Over Oil Concern's
Failure to Respond to News
of Purchase
By CLOVIS A. FARNSWORTH
General Petroleum's failure to re
spond yesterday to the announcement
that the company had acquired control
«rf Union Oil occasioned some surprise.
This condition was probably due to the
fact that the terms of the transaction
were not published and that there had
been some discounting in advance.
Speculation was rife as to the man
ner in which the deal had been financed
whereby General Petroleum acquired
control of Union Oil. According to one
good source of information. Colgate,
the soap man, is the person who is
financing the deal which has just been
closed by E. J. de Sabla Jr. and Captain
John Barneson, the principal owners in
the General Petroleum company.
It will be remembered that Colgate
fa the man who financed De Sabla and
John Martin In their early power ven
tures He if a man of large resources,
and it is believed that he has thrown
the weight of his millions into the
trade that hap given General Petroleum
control of Union Oil by the purchase
of the Stewart interests in the latter
company.
General Petroleum was oftpren in
N>w York yesterday at $33.50, with %J
--bid. No pales were reported. In this
city a block of 45 shares was offered
at '$37."0. but there was no buyer. The
announcement of the absorption or
Union Oil by General Petroleum caused
a slump of several points in Union
stock, because it was understood that
no provision had he«»n made for the
minority stock
* m •
SCHOOL, BONDS SOttS
The First National hank of San Ma
tf>o yesterday bought the bond issue of
$50,000 at 5 per cent of the Burlingame
Frhool district. The purchase was
made on a basis of 4.65. Following are
the bids:
First National bank of San Mst«>o. $1.<.8: Tor
rance Marshall & Co.. $1,401; K. H Rnlline &
Co., $1.16.*.; N. W. H.ils.y &; Co., G. J.
Blvtnver & Co., $407.50
* * *
INIOX PACIFIC SYSTEM
T'nion Pacific system has re
ported to the interstate commerce com
mission at Washington for September
an& three months, compared as follows:
M,iS; mb "- "&* 19 ""»
Freight revenue $6,290,326 $5,690,932
Passeneer reTenne 2.016,759 1.94«.802
Total operating rerenue. 8,876,086 5.231.2 ie
>faint of way and etruc. 838,192 fWfl.Sofl
Maintenance of equipment R30.896 e<£.?£3
Transportation expenses... 2.24n..vie 2.033, <04
Total operating expenses 4,251,032 J. 900.20«
Taxe? 585.563 369,481
Operating income 4,240,512 3,058,930
Freight wwjett'. $15,245,707
Passenger reyenue 6,110.21 ft 6.002.943
Total operating reTenue. 24,781.334 22.936,009
Malnt. of way and struc. 2.434,903 2.723.810
Maintenance of equipment 2.406,044 2.123.152
Transportation expenses... 6.276.229 5.829,313
Total operating expenses 12,206.816 11.731,804
Taxes 1.145.213 975.635
Operating income 11,455,353 10.250,968
•• • •
D. & R. G. IS STRONG
The largest gross earnings, the
largest net revenues and the lowest
transportation costs in October of any
previous month in the company's his
tory. That is what new money, new
management, new metnods and a fair
business have done for the Denver and
Rio Grande railroad.
Gross revenues for the fourth week
of October increased $81,900, or 11.3 per
cpnt. For the full month, revenue in
creased $265,000, or 12.1 per cent, and
for the four months to October 31 the
gain was $515,000, or 6 per cent. In
creases are now becoming cumulative
because results of improvements made
to the property axe becoming more ap- ■
parent.
Operating expensee, for the same
reason, decreased $34,000, while net,
after expenses and taxes, increased
$300,000, from $491,000 in 1911 to $791,000
in 1912, equivalent to 61 per cent in
excess of the previous year. Surplus
after all charges in October, this year,
Ti-as $323,000, against $21,000 last year.
Comparisons for the month follow:
October: 1912 1911
Grow $2,458,700 $2,193,056
Net 791.000 491.277
Surplus after charges 823,000 21,740
* * #
PACIFIC GAS ASTD ELECTRIC
John A, Brltton of San Francisco, vice
president and general manager of the
Pacific Gas and Electric company, is in
New York, according to the "Wall Street
Journal. He states that Pacific Gas and
Electric is enjoying a wonderful
growth, which will be increased with
the completion of the large expendi
tures now being made for improve
ments and extensions.
Among the leading features of the
improvement program is the great
hydro-electric development on Bear and
Tuba rivers, which will develop an
initial capacity of 53,000 horsepower.
This will be completed in the next year
and will make the company indepen
dent of outside sources of power sup
ply. It will result in a saving, as com
pared with the present cost of current
purchased, of more than sufficient to
provide for the maintenance and opera
tion of the new plant and the addition
al fixed charges incurred in its con
struction, besides giving the company
a surplus of approximately 26,000
horsepower available for future sales.
Business of the company is showing
a rapid increase, as indicated by the
fact that Pacific Gas and Electric had
102.198 consumers on December 31
1911, and on September 30. 1912. had
111.906 consumers, an increase in nine
Jionths of almost 10,000 consumers
This large increase indicates that the
additional hydro-electric output from
tvorks now under construction will be
quickly absorbed in supplying the in
«reased demand for current.
tVHAT KRUTSCHXITT SAYS
Julius Kruttschnitt, rice president
and director of operations of the Har
riman roads, has returned to New York
from a six weeks' trip over the com
pany's line, on which he visited Pa
cific coast territory from El Paso to
Portland. Kruttschnitt says:
"Business is big throughout our ter
ritory. Regarding car shortage, It is
axiomatic that aTthe height of the crop
moving season there is bound to be
some shortage of cars. It would be a
physical impossibility for the railroads
to supply sufficient equipment to move
all of the large crop together with
their other traffic at one time, and if
it were possible the country could not
provide the trackage to handle the cars
However, there is no serious conges
tion."
Regarding reports from the west that
the Southern Pacific would now rush
through the proposed new short line
between Los Angeles and Portland
Kruttschnitt said that while such por
tions of this line were being con
structed as were iequired for serving
local territory in certain regions, there
was no prospect of developing the
tnrough line for some time to come
* - «
United Rubber company was a trifle
stronger with local traders yesterday
The buying seems to be for 'inside ac
cumulation. Unless al! signs fail
Vnited States Rubber will break all
preceding records this fiscal year.
* -J *■
At a meeting of the board of di
rectors of the Italian-American bark,
rharles H. Crocker was elected viem
president in place of the late Henry J.
Crocker.
* * *
Tn reference to the Southern Pacific's
application for the construction of 11
yard tracks at grade crossings at Alli
pon road in Pajaro and eight yard
tracks at grade across the Watson
vi He-Monterey road at the east end
of the Pajaro yards, the railroad com
mission yesterday handed down a de
cision granting both requests,
directing that the company must
maintain a watchman at both cross
ings, and that within one year the
company must either provide a. differ
ent route or else provide for an over
head bridge at the Watsonville-Mon
terey crossing. The order directs also
that the crossings shall not be blocked
for more than five minutes at a time.
* * * i
Permission was granted by the rail
road commission yesterday to the Lake .
Hemet Water company, the Fairview j
Land and Water company, the Hemet
Town Water company, W. F. Whittier
and W. S. Peloubet to sell their water
properties in southern California to the
Southern California Utilities company
for $4,417,992. This is part of the
transaction under which the Southern
California Utilities company proposes,
under the bond issue of $10,000,000 to
develop extensive land holdings in Riv
erside county and to engage in the irri
gation and hydroelectric business.
* * *
The application of the Mount Whit
ney Power and Electric company for
an order authorizing the Issue of bonds
for $250,000 for construction work was
heard by Railroad Commissioner H. D.
Loveland yesterday and taken under
advisement. The company is planning
new installation on the Kaweah river
which will cost about $1,250,000. John
Coffey Hays, president, and Jesse W.
Lilienthal, attorney, appeared for the
company.
New York Stock List
E. F. Hutton & Co., 490 California street,
members of the New York Stock exchange, fur
nish the following list of boud and stock sales
yesterday:
Sales {
IHighl I Bid I Ask
100 AlHs-Chalmers ...
Do pfd
0,eoo ! Amalg
r.OOiAaier Beet Sugar.
Do pfd
.".900Amer Can Co
f Do pfd
oOfi'Amer 0 & F Co..
Do pfd
a,700[Amer Cotton Oil..
Do pfd
200 Am HiLCo...
200! Do pfd
lOniAnier Ice 8«"enr..
800 Amer Linseed ...
100 Do pfd
7.700'Amer Locomotive.
1 Do pfd
Amer Malt
100 Do pfd
5.100 Amer S4RO..
! pfd
200'Ainer Snuff com..
I Do pfd
200'Aroer Sugar
Do pfd
300iAmer Steel Fds..
400|Amer T & T Co.
iAmer Tob com..
1001 Do pfd
!Amer Woolen
1.100! Do pfd
1.400'Anaconda
•WiAtlantic C Line..
l.OOftU T & Santa Fe. .
200 1 Do pfd
200'Balt & Ohio
i Do pfd
2,SWBothlehPm Steel .
»00! Do pfd
1.O00 B R T
2.500|California Pet ..
1.500'Cansdian Pacific j
2.100'Cbino Copper '
2.300:C & O i
0 & A
lOOJC G W
f Do pfd
900 C & N W
8.100'C M & St P
I Bo pfd
1.300 Central leather ..
1.100 1 Do pfd
[Cent of N J
lOOlC C C ft St L..
i Do pf rt
200'Col Fuel & Iron.
j Do pfd
[Colorado Southern
100! Do 1st pfd
I Do2d pfd
lOOIConsolidated Gas .
90O!Corn Products ..
200 Do pfd
Crex Carpet ....
[Del & Hndson
100 D L & W
JD & R G I
Do pfd
700 Distillers , Secu...
Dnluth S S & A..
Do pfd
700 Erie
700 Do 1st pfd
Do 2d pfd :...'
General Electric .
KOOlGt Northern Ore.
700Gt Northern pfd.
3OO'G F Coa ...!
200 Goodrich
! Do pfd
Illinois Central ..
lOO'Interboro-Metro .
800j Do pfd
200 Inter Mer Marine.
] Do pfd
900! Inter Paper
200! Do pfd
Inter Pump
i Do pfd
Int Harvester ...
Inspiration
Iowa Central ....
Do pfd
6OO'K C Southern
! Do pfd
2,8O0!Lehigh Valley . .
J Liggett & Meyers
Loose Wi lee
Do let pfd
Do 2d pfd
Do pfd
!P. Lorillard Co..
Doprd
IP & N
2% I
"85*"
54%
■•ii%
'60%
■'5%
28
\l*
34%
47U
62%
79%
183%
■46"
142%j
I
104%
81
43%
138
10S
102
106%
[4i%
- i8%
139%
116
2»%
97
I 2% 2% 2%
7% 9%
84% 84% 84%
54 54 54%
90 94
40% 41% 41%
121% 122
60 60 60%
118% 119%
59% 59% 59%
93 100
r.% 5%l 5%
28 27% 28
19% 19% 20
12% 12% 13U
34% 34% 34%
46% 47 47%
106% 108
14% 15
62% 02% 62%
79% 79% 79%
...„ 106%!l07
!193 1191 1193
]104 1105
120% 120% 122
1120 122
40 ! 89%) 40
142% 1142% 1142%
269 272
104% 104 105
..... 18 19
79% 79% 79%
43% 43% 43%
138 137% 138%
107% 107% 107%
10Ug 101%|102
106% 106%|106%
86 I 87%
40 41% 41%
70 69% 70
89% 89% I 89%
fil 1 61 i 61%
'9f.fi:v. !9««a' t?«7
48% 48% 48%
81% 81% 81%
18 20
18% 18% 18%
34% 35%
139 139
1115% 115% 115%
(140 143
28%! 28% 29
95 95% 97%
81%
i8%
139"
U5%
! 2S% ;
195 J
I?.
(140 I
I 28%
I 95%
M
'53"
W'\
36%
'36%
1»«
37
155
40
72"
»"
39"
72
•-i"
I
142
15%
79 I
15%
79
83
167%!
15%
79%
88
•••••
- -".■-"■*■■-. -
I
—- ™
22%
41
27
ll
1 1 -»* *
••••■
40%
27%! 26%! 26%
i L2»
1
'27% I
1
t I 16%
84141 341*1 3414
52 0I141 51%
i 42%
181%
46% 46% 4fi
!138 137% 1137%
2%i 2% 2%
71%! 71% 71%
1 107
j an
19%! 19%! 19%
65V* 63 65
5 5 5
19
13% 13 12%
54 54 K3%
25%
78%
122%
19%!
12 !
27%
28 27% 27%
61
174% 173% 174%
214%
41
IO414
90141
115 !
205
"»
|*
84141
52
• I
2%!
71%;
1
!
19%!
65 Vi
5
"i3%
54
46%
138%
107%
129
19%
65%
5%
20%
13%
54
28%
79%
122%
1«%
I 13
28
28
63
:::::
.....
.....
:
'28"
••••.
41%
105%
IMackay
Do pfd
! Mexican Central
400|Mexican Pef
jMinn * St L
I Do 1st pfd
2O0iM St P & S S M.
Do pfd
Mo Kan & Texas.
Do pfd !
300M!aini Copper 1
2.100! Missouri Paeiflc.J
900;National Lead....!
! Do pfd
100'National Biscuit..
Do pfd
400 Nemda
7,300:N y Air Brake...
SOWH Y Central
IN V C & St L....
I Do lit pfd '
I Do 2d pfd !
H Y N H & Hart!
X y rmt & W...!
'Norfolk & West..!
J Do pfd
iNorth American..
800,Northern Pacific.
Omaha I
1 Do pfd I
loo Pacific Mail I
inn Pac Tel & Tel...
.Wi PennsrlTania R R|
100 People's Gas |
looiPittsbiirtr Coal....I
200' Do pfd
IP C C & St L...
I Do pfd
200 Pressed Steel Car.
loo Do pfd
3,800Ray Cons
' Rj- SW1 Springs.
' Do pfd
53.900! Reading I
Do 1st pfd !
i Do 2d pfd
700'Republic S & I...
MOJ Do pfd...
8<io Rock Inland
l.ono Ho pf<1
800!Rears Rophuck ..
:S1om Sheff S A I
; Do pfd '
etii k tr ist pfd
I Do 2d pfrt
St U S W
' Do pfd I
1,500'Southern Pacific .!
700'Somhem Railway!
I Do pfd
20*"itTeniiPssee Copper.
ITexas Pacific.. ..
Ton;Te\as Oil
lOOThlrd Avr
iToledo St L Si W.
I Do pfd !
|TV1n City R T..
17,400irnion Pacific ...
1(W r>0 pfd
lfiniUffi Rt? Idt Co.!
1M Tin pfd
O B 0 T Pipe
200; Do pfd
t>,500:f S Knhber
I Do 1st pfd
i Do 2d pfd
41.3OOn S Steel Cor
lfMV Do pfd I
l.rrnoTtah Copper .... I
f*WUn Bug & Paper.
Do pfd
I Underwood
600!VaCar Cbem Co.
' Do pfd
lon'Wsbasb
3001 D" pf<l
iWells Faren Exp.
r,on Westprn T'nion ..
IWeet'n \l aryland.
I Do pffl
nna-wp5t!nphouse ...
WW & L E
400I Do 1st pfd
J.0O' Do 2d pfd
IVTIsi Central
., j Woolworth
145%
2f»
61%
27
80% 80% SO%
25%
I I ! 47
143 |142%!141%!
' 150
I 2S%
I ! 61
I 28% 28%' 28%
' 44',« 43%! 43%
! 60 I 59 ! 58%
114%
148%
84 V«
61%
27
80%
25%"
47
1141%
150
2S%
61
28«
! 48%
! 58%
IllO^ 1
132%
1122 V4
22%
'84%
114%
Kβ
102%
82 %
134%
85
115%
83
124%
116%
146 V*
85
6814
27%
SI
26%
50
142%
64
28%
44
59%
(note
'133
1126
I 23
! 85
! 114%
60
108
{ 89
135%
Hβ
92%
83%
125
140
160
34%
50
123%
lien
23%
93
107%
120
37%
101%
2214
' wi
471 %
j>1 %
96
30
01
m%
50
I |iio%!
132% 132%!132%!
I12214I
22%! 22% 22%!
R."> ! 84 '84%!
114%'114%n4%!
! i™.!
! 110214!
I !«*l
W
85
j 115%
I *"*
! 83
125% 124% 124%
1 130 !
•
I I1.-.0 I
34% S4% 3414
I BO 30 49%
; 1231,; 123% J23H
!ll6%:iie%ilir,i.4-
! 23V 2314! 23
02%I 82% S2%
106%
110
37% 87 y* 37%
10114 101% 101
22%! 22% 22%!
! S6g
!..... KK) 1
1172 1170% 1171 I
I 91 91 I 91
t A* 1
! 85 I
2»%! 2*%I 28%!
91 I 90% 90%
26% i 25% 25%
50% I 50 40%
217 216% 217
50
••"••• »•"'%
S2»
34%
i 39% 39% 3<s*;
I ! 76%
!ni% 111% iin%!
! 29% 29% 29%
81%
40% 40% 40%
24%
!12O 120 n«%
] 38 38 37%
IK.0 I
34%
40 %
123 %
116%
■ 23
S2%
106%
110
37%
101
22%
S6g
KO I
■171
I 91
I 85
1 28%
90 %
35%
49)4
217
50
9<S%
eo%
34 Mi
3<s*;
; 76%
110%
29%
SIM;
40%
24'4
11«*4
87%
a
29%
104%
172
I 91
36
r.4
18%
on
ins
79%
74%!
lm;!
63% |
«%!
! 50 I
1105%
! «!%
115%
4%
J4%|
11514
g^
77
80%
9
31
14%
mm
64
100
62%
3f>%
77%
1111%
»%
41
98
130
a
14
33
::::*.::::. SJ
104%|
172%! 171% 172
I 3« ! 36 I 36
64 (64 Iμ
!
172%
fll%
37
63
20
63
Ber;
108%
80%
i T4«i
! C3t:'
"J"
W 1
I 14%
119
I 79
56%
78%
80%
»%
! 18%
60 *« BO*-; fif)
56% 55% 55%
W I
79%!
75H 74% 74%!
111%{ ni% ni«
! 63%l 63% 63%I
«%> Sli, R%|
50%' 49%! 50 !
I UOSfc
47% 46%! 46% i
ill5%!
4%! 4% 4%
14% 14% J4%|
135%
78 T7% 77%
77
PI 80% 80%
»% »% «
"2 31 31
15% 14% 14%
.',21-:.
I ■.;.,
! I |ii5%i
H
2M.4M —Total ebares imjii.
Wllnon'e Stock I-etter
NEW YORK. Nov. l<?. —J. r. Wilson k. Co.'s
wire nay*: "The market waited all this morning
for supreme court flpci«ions. Wben none were
banded down a trifie more activity prevailed, ,
THE SAN FRANCISCO CALL, TUESDAY, NOVEMBER 19, 1912.
Stock Market Shows Listless
Tendency and Little Is Done
NEW YORK, Nov. 18.—Extreme listlessness and narrow price changes
in representative issuea marked the day's operations on the stock ex
change.
Initial dealings showed general declines in keeping with the heavy
tone of the London market, but these were soon recovered in large part.
The market yielded again In the afternoon on announcement that the
United States supreme court had adjourned for a fortnight without
rendering decisions on several important cases of especial interest to
the financial community.
At odd moments during the day there was moderate pressure on
Reading, Union Pacific and United States Steel, while specialties such,
as American Can, Bethlehem Steel common and preferred, National Lead,
American Woolen preferred and Sears-Roebuck fell 1 to 2% points. On
the other hand, some of the equipment stocks were conspicuous for their
strength. American Locomotive and New York Airbrake scoring highest
prices of the year on small trading. Copper shares, which were heavy
at the outset. Improved later in connection with reports of heavy buying
of the metal for Europe. Net losses were general at the dull close.
Call money loans under 6 per cent and time rates were inclined to
ease because of the improved bank position disclosed in last week s
statement.
Wabaeh fours were the feature of the bond department, the balance
of that division being dull* and irregular.
Total sales, par value, were $1,450,000.
United States bonds were unchanged on call.
NEW YORK, Nov. 18.— E. F. Hutton & Co.'s wire say: "The usual
Monday's session was experienced in today's stock market. An early
recession followed by a moderate rally at noon on the announcement or
no important decisions from the supreme court at Washington. Later
dealings were without feature in the general list, being purely profes
sional and confined largely to the room traders. The lack of selling
pressure from any important sources kept prices fairly steady. The
market showed that it was distinctly a waiting one and subject to
future developments. Foreign news on the surface seemed to be not
quite so favorable on the Balkan war situation, but it failed to stimulate
"Tariff talk under the coming democratic regime also failed as a
market factor. News Stems today were specially devoid of interest, and
the movement of prices was practically deadlocked."
EASTERN STOCK AND BOND QUOTATIONS
New York Bonds
U S ref 2s reg...10l 'Japan 4U,s ■••■••• JJi
Do coupon 101 Kan City So ref 53 9>%
Do 3s reg 102% l> Sbor deb 45.1931 92V+
l)o coupon 102 Vi L & N unified 4s. 97^,
Do 4s reg 113% M. X & Tex Ist 4s 93%
Do coupon 113% Do gen 4h>s VHH*
Panama 3s «oapon.lol%|Mo Pacific 4s <14
Al-Chal Jst 5e ctfe 61 ! Do cv 5s .... »<%
Amer Jfjrrlcul 6e.101% N R of Mes 4»*s. 88%
Amer T&T ct 48.112 N V C gen 3%*.. 86»»
Amer Tobacco 65.120 j Do deb 4e...... 92
Armour 4%a 91«fc!NY.XH& H cv 90
Atchisoa gen 45.. 97*4|Nor&W let con 4e 9.
Do ct 4e. 1960. .10514! Do CT 4* 11»
Do ct Rs 107%|Nor Pacific 4s 98J4
Atlan C L Ist 4s. 95 ! Do 3s ■■• <»%
Bait A Ohio 45.. 07%!O S Line rfdg 4e. 92
Do 91 |Pa ct 3%*. 1915.. 96%
Brooklyn Tret 4s f>o >Pa con 4s 102 Mi
Central of Ga 55.108 rßeading gen 45... 90%
Cent Leather Cβ.. 95%!5t L & S F fg 4s. <. J4
Ches & Ohio 55.. Do gen 5e 88%
Do con 4%8.... 92% gt L B W con 4s. 81
Chi & Alton 64i|jSeaboard AL aj Sβ <5%
C, B & Q Joint 4s 95%|50 Pacific col 45.. 89
Do gen 4e 94%] Do cv 4* 93%
C.M& StP ct Do l»t ref 4e..93%
C.814 Pac col 4s. 67%!50 Railway 5s 106
Bo ref 4e 87>4! Do g«n 4* <8
Col So T&ext 4%5. 94%;Uni00 Pacific 45.. 99%
Del & Hud ct 4s. Do cr 4s 102 V*
Den & R G ref ss. 83%1 Do Ist & ref 4s. 90%
Distillers 5s 72 \V 8 Rubber ee..IOSV»
Erie prior lien 4b. S Steel 2d 59..10TT4
Do gen 4s 76T£lVa Car Chem 55.. 98
Do ct 4e. ser B. TT%jWabesli lst*ext 4s 69
111 Cen Ist ref 4s. 94%tWestern Md 4e... 85J4
Int Met 4%s 81 resting El ct 6«. 98%
Int Mer Mar 4%5. Central 4*... 92
■ •>
New York Mining Stocks
♦-
Com Tunnel Stock OSjMexlcan 2.00
Ootn Tunnel Bonds ll'Ontario 2-00
Con Vβ Mln 00.. 33!0pbir 50
Iron SllTer I.so;Stsndard 1-00
T.eadTllle Con ... 08! Yellow Jacket 85
Little Chief 04|
New York Curb Stocks
SEW yOKJv. >ot. i». — a. g. nmion oe va>- =
wire ears: "Trading was moderately active
today, and toe coppers, with some exceptions,
were slightly lower. The tobarco Issues were
quiet, witb narrow market. There were no
featuree."
Tfce following list is famished by E. F. Hnt
ton & Co., 490 California street, San Francisco:
Bid. Ask.j Bid. Aβ*.
Anelo Oil ..IS 19 Montg 5b0.... 02 OS
Eelmont 8% 9 NeT Hills ..414 x 9 - Ie
Braden Ooppr &% 9 N«t Utah ... 2 R
Do 6e ...ISO 183 IMpieslng B*6 »%
British C 01... 4% 4»i!Ohio Copper. .1 9-16 1%
Chi Subway.. 7 iPac G&B com 6414 65^4
Colorado 17 18 ! Do pfd 91 93
Con Atle ...7-16 VfeiPhelp« Dodge.2lß Z2\
DaTie Daly.. 2 3%F*» Toy .... 2* 30
Dobte Mi %;Sionx Coo ..2 4
Dolors 2% 4 IS W Miami.. 5 7
Fl Revo 1 2 JSo Utah % %
Ely Cent ... Vi 2 (Standard Oil.
Ely Con 18 20 I ex pub* 392 595
El Paso s«Si[ Do Ind ....810 313
First Nat ... 1% 2V»! Do Cal ....165 166
Fraction 10 12 fStewart 1% 1916
Florence 70 75 ITon of NeT.. «% 6%
Giroax 4% 4si';Tuolumne 2*4 3
GM Daisy ..4 6 !Trl Bullion... • % %
Gld Belmont. 33 16 United Copper 1 2
Greene Can.. o'i V\'> Dn pfd 8 13
Hallinger ... UU, 15 rU S Light... 12** 13^
Halifax 1% 2 [Ynkon 3H, Sl4
Iron Blossom. 120 130 [West Pac Ky. 8 9
Int Rubber .. 11V& 12 ! Do .'.» . 84 84^
Jim Butler ..72 73 rW>et Pow pfd 55 56%
Jumbo Eγ .. 30 32 I Do com ... 27 2SM-
Kerr Ute.2 11-16 2 13-16'Butte & S X. 2 2 1-1G
Keystone ... 2 2V4iAlaska Gold.. 8% 9
La Rose ..2 7-16 2 9-16iWest End..l 9-16 1 11-ie
Lehlgli C0a1..23.*> 240 jWettlaufer ..23 24
Masoo Val .. 12% 12%' Ton Merger.. 93 f>4
Mays OH ... 25 30 tMlzpab Ex .. 68 72
Man Transit, m I%|U S Motor.. 1-16 H
Marcon! HÄ% 7%) Do pfd *4 l^
McKlnley Dar 2% 2i,4iTon Bxten .. 2%
Montana Ton. 2 2% Tobacco Prod. 130 150
Miami Rβ ...168 170 ! Do pfd 102UK>2:i;
MlDes of Am. 2\i -%',
bnt It was a rery dull and uninteresting marfcet
and is in tee hands of professionals entirely.
There wa* no unfavorable news and none of a
sufficiently bnllieh nature to cause action on
prices. Some of the low priced industrials de
veloped weakDMie but apparently without newi
to cause it. The market has little snap to tt
and unless good buying orders come in will
likely go a little lower Taesday."
Condition of the Treaeurr
WASHINGTON. Nov. 18.— The condition of
the United States treasury at the beginning of
business today was:
ESU l^ay-ti^.nT' 863 -
Disbursements. $1.747.008. ~,„!„
The deficit this fiscal yenr is $3.304.3t>4.
as tMlnet a deficit of $22,711,303 last year
Tbe Ceures for receipts, disbursements and de
ficit exclude Panama canal and public debt
transactions. ;
Clearing* tn Northwert Citlee
PORTLAND. Nov. IS.—Clearings, $2,425,653;
ba TA D COMA. I6 Nof" 18.-Clearings. *505,310; baI
in ' O SEATTLE?Nov. 18.—Clearings, $2,376,932;
ba sp"oK:J€ M NoV. 18.-Cle.rmgs. $1,009,645;
balances, $37,109.
»w York Money Market
NEW YORK. Not. IS. —Money on call. firm.
r.S®S T -« per cent- ruling rate, 5% per cent;
closing bid. 5% per cent: offered at 5% per cent
Time loans, iteady; 60 days, 6 per cent; 90
days, 5%@6 per cent; clx months, s&@sVi P«*
C 'prfmt» mereiint.il* paper. « per <*ent. Sterling
eirhanze steady. with actual business in bank
ers-bills at $4.81 for CO day bills and at $4.%15
for demand.
Commercial bills. $480J4-
Bar silver, B2^c.
Mexican dollars, 48^^
Government bonds steady; raitroad bonds irreg
ular.
tniiai, Exchange and Stiver
Aside from a fractional advance in bar silver
1n New York and London, there was do note
worthy change in the quotations under this head
yesterday. -~-=,»
Commercial paper sVb<gf» per rent
Loans on real estate .6%@eH per cent
Sterling exchange. 60 days.... —®4.50%
Sterling exchange, eight —<5i4.85%
St-riing exchange, cables —tfj4.«6>4
New York exchange, eight —@ .01
h New York exchange, telegraphic — ® .03
Hongkong exchange, eight —# .50%
Honskansc exchange, telegraphic — <3i .5014
New York silver, per ounce — % .62^
London silver, per ounce .. — % 29 l-16d
CONTINENTAL
New York and Paris 5.20
New York on Mexico 2.01%
Psris on London 25.24
i Berlin on London 20.49
MINING STOCKS
Judging from the light attendance of traders
and the small volume of business handled at the
opening sessions of the Bush street Mining Stock
exchange since the time for holding tlie call was
Boston Stocks
I BOSTON. Nov. 18.—E F. Hutton A Co.'s wire
I says; "Dullness was the feature tbe entire day
in our market. Large sales of metal at 17% c
have taken place within the last few ciys, and
these sales, together with increases in divi
dends, should stimulate activity hare. Money is
extremely tight on coppers here, and this un
doubtedly accounts for the inactivity. La Salle
is to be reopened on a new part of the property
and some strength was shown in the price today.
A year ago some thousands of shares were
bought at 3% and 4 by inside interests, and
this stock is still being held. The persistent
buying of Saeta Fe, the drill hole activity of
Keweenaw, the entrance of United States Smelt
ing crowd into Michigan camp, all portend to
great activity and great results. we again
advise purchases- both for new account and to
average old accounts. The market closed dull
and uninteresting."
The following list is furnished by E. F. Hut
ton A Co., 496 California street. San Francisco:
Bid. Ask.! Bid. Ask.
Adventure .. 6% 6%|Quincy 88 80
Allone* 41 43 ISUannon 14% 14%;
Arcadian .... 2% 3 |Santa Fe 3% 3%
Arts Com ... 4 4% United Shoe.. 52 M
AP 4% 4-21 Do pfd ... - 28%, 28%
Do pfd ... 22 22%|Snper A Boat. 2% 2%
Balaklala ... 4Vi 4%jSnper Copper. 44& 44%
Cal A Ariz.. 78%iTamarack .... 41 43
Cal A Hecla.sßo 585 jTrlnity 5 5%
Centennial .. lt>% 20 |U S Mining.. 45 45%
Copper Range 56»i 57 Do pfd 50% 51»4
Daly West... 3% 4 Utah Apex .. l T s 2
East Butte... 14"4 15% Utah Con ... 1314 13%
Franklin 10 Victoria 2% 2%
Granby 76U 76%[Wolverine ... 74 75
Hancock .... 25% 26 jWyandott* .. 1% 1%
Helvetia 75 100 jWlnona 4 4%
Isle Royale.. 35% 36 iGreene Can... 9% 9%
Indiana 17W 18 [Giroux 4% 4%
Kerr Lake .. 2% 2%' Ray Con 224 22%
Keweenaw .. 2 2%|Algomah .... 3% 4
Lake Copper. 35% 36 |Bos A Maine. 97% 98
Lβ Salle R% 6%180s A Albany.2l4% —
Masi Con ... RW 6*4 Bos Elev 122 — i
Mich Mm .. 1% 2 T'nitPd Fruit..1ß3%184
Mohawk β-t 65 Swift 106V4106%
North Butte. 35% 36 Old Colony .. 9% 9%,
Nev Con ... 22% 22% Mayflower ... 14% 15
North Lake.. S 3% Zinc ..'. 30% 81
Old Dominion O Butte A Super 47% 47%
Osceola 11l 112 FC — 59 i
OJlbway 3 Do pfd 86% 88 j
Boston Curb Stocks
The following list Is furnished by E. F. Hat- !
ton &. Co., 490 California street, San Francisco:
Bid. Ask. I Bid. Ask.
AHz A Mtch. 7 15 [Keystone 1% 2%
Bohemia 2% 3 iMaJestic 43 45
Boston Ely ..11-16 l%!Mason Val .. 12% 12%
Calaveras ... 2% 3 fNev Douglas... Z% &%
Cactus* T 9 fOhio 1% 1 11-16
Chief Con ...1% 1 11-16j0neco 2\k 2%
Corbin 26 28 (Sbattuck Ariz. 81% 31!
Cbino 4*% 48%' Sup & Globe. 7 13
Davi* Daly.. 2% 2% [South Lake... 8% T
Bagle & b'B. 1% l%iUnited Verde. 50 53
Ely Witch... 5 9 JNewhouse ... 4 6
Inspiration .. 19% 20 t*ew Baltic... 194 2%
* *
London Closing Stocks
* —. —-—♦
Oona for money.7s 3-l©iLou Ist A Nasfa 151
Do for acct...75 5-ieiM, X & Texas 29%
Amal Copper .... 87%1N V Central 118%
Anaconda 9%' Norfolk & West. ..119
Atchlson lUV6I Do pfd 91
Do pfd 105 lOntario & West... 86%
Bait & Ohio 63%
Canadian Pac .. .*27s%|Rand Mines 6%
Ches & Ohio 84 ißeadine 88%
Chi Great West.. 19%|50 Railway 80%
Chi, Mil & St P. 119%! Do pfd 84%
Pβ Beers 21 :So Pacific 115%
! Den & Rio G 23%lUnion Pacific 177%
Po pfd 42%[ Do pfd 94
Erie 35%fU S Steel 76T6
Do Ist pfd 53 I Do Pfd 115%
Po 2d pfd 44 [Wahash 4%
Grand Trunk 27 ? Do pfd 16
111 Central 132 |
Bar silver—Steady; 2S>d per oune*.
Money—S@S% per cent.
The rate of discount in the open market for
short bills Is 415-16 per cent and for three
months' bills 4 13-16@4*ji p«r cent.
changed from 0:30 a. m. to 8 o'clock, the new
arrangement is not proving to be a popular one
with members of tlip board. The new arrange
ment went Into effort at the first of last week,
and since that time the regular call of the Cotn
stocks and southern Nevadas has been a dnll and
perfunctory affair. Yesterday was no exception
to the rule, for there were only a few brokers
on the floor for the call, and actual trading was
confined to five stocks. Business assumed more
satisfactory proportions after the call, but the
late operations vrere mostly of a bearish charac
ter and the general trend" of prices was down
ward.
None of the north end Comstocks figured In the
limited early dealings and the opening bids Indi
cated that the tone was a little weaker than at
the close on Saturday. In the late trading
Sierra Nevada was sold in fair sized blocks at
declining prices and (sustained a loes of several
points on the day. Ophlr and Union were weak,
though prices showed little change, while Mexi
can sold below Saturday's low figures. The
latter had one sale at $2 and another at $1.95
Immediately after the call and declined to $1.90
bid in the last hour of trading. Consolidated
Virginia was given fair support at the same
prices quoted at the close of last week.
North Star and Mlzpah Extension were the
only Tonopah Issues that figured on the list of
sales at the opening session. The latter stock,
which had a smart rally after a period of weak
ness on Saturday, was given better support and
started to advance from the start. It closed at
70c. Pales and bid, against 65c on Saturday.
North Star was slightly hlpher for a while, but
lost the jiain later. Tonopah Merger was the
most active stock of its group and experienced
another of its spasmodic advances in the late
trading, rising to 94c on brisk buying and clos
ing one point below that figure. Jim Butler and
MacNamara were steady features, while West
End cold off a little. The others sold or were
quoted at previous prices.
A decline In Consolidated, the leader of the
Goldfleld group, had a depressing effect on the
other issues. The leader opened weak with one
lone sale recorded on the call at $2.47%. Later
on it dropped five points on ealeu and closed easy
at $2.40 bid. Merger Mines sold at 33c, Atlanta
at 18c and Jumbo at Sic. Nevada Hillg was
steady and in fair request at $1.50 all day.
SAN FRANCISCO STOCK EXCHANGE
Following are the sales on the San Francisco
Stock exchange yesterday:
Regular Morning Session
200 Andes Oβ! 200 Mizpan Ex ... 68
100 Old Con M.2. 2000 North Star ... 34
2000 Grt West Con 02]
Afternoon Session
2000 Atlanta 181 100 Mexican 2.00
400 Belcher 88 100 Mexlean lfl*
500 Belmout .. .8.87%! 400 Mlzpah Ex ... 67
200 Belmont .. 800 Mizpah Es ... 70
1200 Beet & Belch. 08TE000 Morning Glory. 03
300 Best & Belch. 07 400 Nev Hills 1.50
11.600 Boston Ton.. 0315000 North Star ... 33
500 Cash Boy 07 200 North Star ... 38
400 Cent Eureka.. 19 200 Ophlr 64
400 Oon Vft M 37 200 Ophlr 55
300 Con Va M RK'iOOO Rescue Eula .. 17
350 Crown Point.. 54 j 100 Savage 10
400 Crown Foint.. 49 400 Sierra Npt ... 35
10.000 Dcx W Cepe loi B<X> Sierra Nev ... 83
2."00 Eagle's Nest.. 02' 800 Sierra Ncr ... 32
1000 Exchequer ... OG;2000 Ton Merger ... 82
•WO Exchequer ... 04 6500 Ton Merger ... 93
500 Gld Con M.. .2.45 3000 Too Merger ... 84
1000 Old Merger M. 33 5000 Tmatilla . 03
30<i0 Grt VTe*t Con 02 200 Union Con .... 4.">
si"iO Jim Butler .. 7lt 40ft Union Ct>n .... 44
600 JuU» Cob ... O3lsOOUtan Oβ
SAN FRANCISCO STOCK AND BOND EXCHANGE
The feature of the trading on the San Francisco Stock and Bond exchange
yesterday was the weakening of Associated Oil and Spring Valley stocks,
£f£? ciated 011 closed yesterday at $45.12%. During the day 150 shares were
sold at this price, while 45 shares sold at $45.25, the price of Saturday, which
was a half oft! Friday's price. Spring Valley sold at $61.50 yesterday after 3o
snares had passed at $61.62%. Spring Valley closed Saturday at $62.
united Railroads 5» were a shade stronger yesterday, $3,000 par Belling
at $6t>.12% as against $66 Saturday and going back to Friday's price.
Hutchinson Sugar plantation showed a little weakening yesterday. Twen
ty-nve shares sold at $17.75. The last previous sale was $18 last Friday.
Pacific Telephone and Telegraph 5s showed a fractional gain yesterday.
Du ring the day $5,000 par value sold at $99.50 against $99.37% Saturday.
• There was also a little activity in First National bank stock yesterday.
Sixty-five shares changed hands at $233.
In the unlisted department yesterday, American River Electric 5s were
steady at $98.50, the deals involving $3,000 par value. There was a continued
shading oft! in Western Pacific 5s while the stock continued its upward ten
dency. Of the bonds $1,000 par value sold yesterday at $84.12% as against
$84.50 and $84.37% Saturday. The stock was $8.75 bid yesterday. The weak
ening of sugar stocks was manifested in a deal of 50 shares of Honolulu Plan
tation at $34.
LISTED SECURITIES
SALES NOVEMBER 18, 1912
Morning Session Afternoon Session
Board— Board —
~ First National Bank 233. DO 150 Associated f>il Co 45.12%
$3,000 On kland Traction Co ~>s 91.62% 4.1 Associated OH Co te.BB
JS.fH.O Pacific Tel & Tel 5s 90..10 2"> Hutchinson Sugar Plantation... tT.73
$5,000 Pacific Gas & Electric 5s 90.50 10 Sarins Valley W-;:ter Co. c 3 61.62%
■m a St ?*%— '-•" Sprin* Valley Water <'o ei -?2Vi
M W Aflglo-Cal Trust Co 135.90 70 Spring Valley Wafer Co 61..v>
»*X'XX2 i^ aI Gas & Electric unifying 55.. 95.37% 100 Spring Valley Water Co, b 5 81.50
$10,000 Los Anjeles By Oorp 5s 97.75 $1,000 Market St Cable 6s 1000 ! L
$3,000 United R R of S F 4s 66.12%
Street—
20 California Wine Assn (com)... 40.25
CLOSING QUOTATIONS
BONDS ! Bid. Ask.' Bid. A*.
U. S. Bonds— Bid. Ask. Oakland Transit Co 6b. — Cal Wine A§en pfd-. 84K ~
4* qnar coup (new). 113% — Do fie — 103 V I*> common 40 —
3s quarterly coupon.. — — Do Con 5s — 103 EI dv Pont de N pfd. — —
Miscellaneous Bonds — Oakland Trac Con ss. — — Do common — 203
Alameda Artes W sa. — 98 Oakland Trac Oo ss. 91% 91% Fireman's Fond Ins. .231 —
Associated Oil Oo %s. 100% 101%' Oakland Water gtd 5s 95 96 flat Nat Bank of SF. 232% —
Bay Counties Pow ss. — 102 Omnibus Csble Ry 65.102% — IGerman Say & Loan.3loo —
Cal Cent Gas &El 6s. — 103 Oro Electric Corp 6s. 98V4 98% i Giant Powder Con 105 —
Cal El gen se, eer A. 88% — Pacific Gas Imp 45.. — illawaiian Gotnl & Pug. — 4O
Cal G&EI gm & etss. — 101%' Pacific Gas & Elec Sβ. 90% — 'Hawaiian Sugar C 0... 37 39
Do unifying 5e 95% 9S%'Pacific Electric Ky 55.104 Sugar Co - 10
California St Cable»ss.lol 102%|Paelfl c Light & P se. 96% 97V4'Hnmboldt Savings Bk. — 188
California Wine 55.. — Do guaranteed 5e.. 99% — IHutchinson Rug Plant. — 18%
Qent Cal Traction ss. — 94% Pacific Tel & Tel ss. 9»% 99%'Kllauea Sugar Plant. 12 —
City Electric Co 5e.. — 89 |Park & Cliff HRy 6s 99% — (Marin County Water.. 51
Coast Counties LAP 5s 04% — Park & Orean R R 6e.100 — [Mercantile Nat Bank. — 240
Contra Costa Wat ss. — 100 (People's Water Co ss. 81% 82VMill Val & MtTroSßy — —
Do gen ratge 5s — 95 |Sac El, Gas &Ry 55.103 103% Mutual Savings Bank. 75 83
Edison El of L A ss. — 102%' Sac & Woodland Rss 95 Vi — [North Alaska Salmon. 122 127%
Edison Light & P 65.105 — IS Joaquin Lt & P 5«. »9% — N Cal Power Co Con. — 40
E I duPont Pwdr 4%s — 93V Do Oor es. series A.101%103 lOnotnea Sugar Co 34. 85%
First Federal Trst 5s.l00« — IS F Electric Rv Bβ.. — 90 |Oro Electric Oorp pfd. 74 74%
Ferries & Cliff H R6e.looi£ — iSF.Napa & Calls R 65.102« — Do common 15% 16%
Great Western Pow 5s S7 — SF, Onfc &S J Ryse. 102U103 V-'Oro Water. Light &P. 100
Haw Coml & Sue ss. — 108 Do 2d mtge 5e — 9fi iPaauban Sugar Plant. — 20%
Honolulu RT & L 6*.105% — Do Cod Ry Sβ — 95%'Pae Anx Fire Alarm. 2% —
Lake Tahoe RA T sn. - 97 SJ & S Clara R 4U«. R4 — Pac Coast Boras pfd.loo%lol
Long Beach C Gas 65.100 — Santa BarbaraG&El6s.lO2 — Do common 73% -
Los Angeles Elec ss. — 101 Sierra Ry of Cal 65.. — — Pacific Coast Casualty. — 155
Los Ang Gas &El ss. — 101 SPRR of C 1 c z 5«. — 112%! Pacific Crude Oil Co.. — 52MiC
Do Oorp 5s 93 f>9 Spßranch Rof Oal 65.12e 126%:Paclflc Light Corp pfd — 82%
Los Angelee Ry 55... — 107% S P R R Ist ref 4s. 93% 94 Do common 100 —
Do Corp os 97*4 — S Val Wat gen m 4s. 92% 93 Pacific Tel & Tel pfd. — 101
Los Ang Light gtd 58.100 — United Gas & Elec on. 99 100% Do common 49 50V4
L A-Pac R R lem 5e.103% — United RRof S F 4e. 66 661,4 'People's Water Co pfd. 58 —
L A-Pac RR of Cal 5» — 100 Val Counties Pow 55.100% — Philippine Tel&T Corp 25% —
Marin Wat & Pow ss. 99% — STOCKS Realty Syndicate 133% —
Market St Cable 65.. 100 — fAlaska Packers' Assn. — 91 Sowings T'n Bk & Tr.247% —
Do Ist con mtge ss. 92% — Amalgamated Oil Co. — 85 Security Savings 8ank.340 400
Mid Counties G&EI 6s 99% — [American Nat 8ank..130 — S F-O«k Ter Rys.A pfd T5 79
Mill Val & MtTmßss.lOO — |Anglo-Cal Trust C 0... — 127%! Spring Val Water Co. Gt% 61%
Natomas Con of Cal 6s 94>4 — Anglo & Lon P 8ank.155% — iSterlinjj Oil & Dev.. IV* 1%
Nor Ry Oo of Cal ss. — 113 'Armsby Co of M V pfd 99% — Tnion Sugar Co — —
Nor Cal Ry 5» 107%108%'Associated Oil Oo 45 45% l tTnirra Trust Co 2500 —
Nor Cal Power* Co 55.101% — IBank of Cal, N A... — — Union Oil Co of Cal.. — —
Do Con 5s —- 90% California St R R 124% — Union Provident Co.. 99% —
Nor Electric Co 55.. 95% — Cal Fruit Oanners 117% — United Petroleum Co.. — —
Oakland Gas, L&H 5*.100%102 jOal Ins Co (par $40) 72% — |West Coast Oil pfd.. 80 —
UNLISTED SECURITIES
SALES NOVEMBER 18, 1912
20 Pt«eeidlo Railroed 22.50 200 People's Water (common), s 90. 3.62%
100 Pacific Gas & Electric (com)... 65.37% $3,000 American River Electric 5s 98.50
200 Pacific Gas & Electric (com)... 65.25 $1,000 Natomas 2d mtge 6s 68.00
10 Petalnm* A Santa Rosa Ry 21.50 $1,000 Western Pacific Ry 5s 84.12%
200 People's Water (common) 3.75 $17,000 Western Pacific Ry 5s 84.25
60 Honolulu Plantation 24.00
The following are the latest quotations for unlisted securities on the San
Francisco Stock and Bond exchange:
BONDS • Bid. Ank.t Bid. Ask.
Bid. Ask. South Tuba Water 65.105 107%|Nnr West El-ctric 30 —
Alaska Packer* 65...104% — South Paciflc Coast 4s 93 — (Northern Electrln 20 —
Amer River E3ee se. 98 — Sunset Telephone 6».. — 104%!0*nu Sugar 24% —
Associated Oil Ist ref — 82% gutter St Ry Cβ — 98 I Do Railway 135 140
Bay Counties Pow 65.103 104% Sperry Flour 6e ~ — 100 (Oakland Bank of Say. — 225
Blue Lake Water 6«.102% — Truckee Lumber 6*.. — 97i<4 l Oakland Traction pfd. — S2
Oal Northwestern 55..103%104 United Light A P 6s. — 90 I Do common 30 40
Coast Val GAM lst6e.lOO 101 United Properties 6s. 50 65 Ocean Shore Ry 14 —
Geary Street BR. — 54 Do debenture 6e 10 15 Oak, Antioch A E — 12%
Gen Petroleum bonds. 68% 75 West Mtjr & Guaranty — 108 Oak & Antioch Ry — 24
Honolulu Plant 6e.. .101%101% Western Paciflc Ry 5s 84 84%!Oro Development Co.. 40% —
Hunt Land A Imp 6s. — 101 Yosemlte Valley R ss. — 87 Orphenm stock 19% 26
Menlo Country Club 4s — 100 STOCKS Owl Drug common.... 96
Monterey A P Grr 6*. — 94 Alameda Sugar 22 23 Paciflc Hard A S pfd. — 95
Mutual Electric 5e 97 — August Oil — 20c Do common — 17
Miller A Lux 5« 09% — Bank of San Jose.... — 170 Paeiflc Port Cement.. — 73
Mt Whitney Pow 6s. — 101% Buffalo Brewing Co.. — 110 Paciflc Gas A Elec pfd 91% S>l?4
Nevada Co R R 75... 98 — Cal Cotton Mills 62% 70 Do common 65% —
Natomes Dcv 6e 100 — Cal State Life Ins... 19% — Palace Hotel stock — SO
Do Land AMm 6s. 99% — Cal Pacißc Title pfd. — 110 People's Water com... 3% 4
Do 2d mtge 6s 67% 69% Cal Electric gen pfd. 78V4 — Pet A Santa Roaa Ry. 20% —
Nor Oal Pow deb 6e. — 100 Central Oal Traction. — 16 Portuguese-Amer Bank — 61
Nor West Elec (tubs). 105 115 Central NB of 0ak.155 — IPoulsen Wireless — 38
Oceanic Steamship ss. — 100 Central Trust 116 — ißlverside Cement 40 —
Oafc & Antioch Ry Rβ. 82% 86 (Cypress Lawn ... 2% — iSchmidt Lltho Co 15 —
Oro Water. LAP fts.loo%lo3%,FTench-American Bok. 95 — ISacraroento Hotel — ]0
Oakland Gas, L&H 65.11 l — iGeneral Petrolenm ... 30 37%' Standard Cement — 22' i
Orphenm 6s — 103 Hawaiian Pineapple.. 43% — San Francisco Seeur.. 47% 52%
Paciflc Port Oment6e.lOO — Honolulu Plantation.. 33% — San Joaqnin Light AP 16 20
Palace Hotel 6e — 104 Do pool — 88 I Santa Cruse Cement 30 —
Pet A Santa Roes, ss. 93% 95 Honolulu Oil 1.25 1.27% Sperry Floor 28 —
Do 61 90 95 iltalian-American Bnk. — Do preferred — 102
Philippine Tel 6s 83 83% Kern Land Co 180 — Union Ice Co 55 —
Do 6s 97 — J Key Route pfd 84% — Vulcan Fire Insurance. 13U —
Riverside Cement 6*.. 77% 81 Do common — 22 Weed Lumber Co 108 —
SF A S Joaquin Vss. — 111% Mascot Copper 2% 2i4jWestern Pacific Ry... 8% —
8F A Nor Paciflc 5». — 104%'McBride Sugar © — Wells Fargo Bank -- IS.I
Sl»rra ASF Pow ss. — 97% Metropolis Trust 70 — West Coast Life Ins.. — 285
Standard Cement 6e.. 92 — Matson Navigation ...120 — Western Amer Realty. 11% —
Standard Electric &»• 82% — Mechanics' Savings... 75 — West Metropolis Bank. 80 —
S F Gas A Elec 4%5. 94% — Merchants' Nat Bank. 80 ©0 Western Meat Co — 106%
Do non callable 92 92% Noble Electric — 20 Western States Life.. 11% —
Banta Cruz Oment 6s. 87% 80 Nat Ice A C Storage. — 70 Western Power pfd.. 56 53
South Cal EtUaon ss. 97 98% Natomee Consolidated — 13 Do common 25 28
2000 Jumbo Ex ... 8111000 West End 1.60
Informal Session
300 Andes Oβ; 200 Kentnck Con.. 05,
800 Andes O7JIOOO MacNamara .. 21.
4000 Atlanta 17' 200 Man Big Four. 41
300 Belcher 39j 500 Mon P»tts Ex. 24
1000 Best & Belch. 08 1000 North Star ... 33
1000 Bullion 031 100 Overman 42
1000 Cash 80y'.... 07J6000 Rescue Eula .. 17
500 Crown Point.. 55 j 300 Sierra Nev ... S'£
100 Exchequer ... 03! 300 St Leals 02
200 Gld Con M.2.42>» 1000 Ton Merger ... 63
500 Gould & Cur. 031 300 West End 1.00
100 Hale A Norc. 12! 200 Yellow Jacket. 48
1000 Jim Butler .. 7li . N
CLOSING QUOTATIONS
CALIFORNIA
Bld.Aak.! Bld.Ask.
Cent Etoreka.. 18 20[Keane Wonder. — 25
NEVADA
Comstocks
Bld.Aek.J Bld.Aek.
Alpfca — 04 Julia Con 02 03
Alta — 06 Justice 03 OB
Andea 06 07'Keutnck Oon.. 04 05
Belcher 39 40<Mexlean 1.90 2.00
Best & Belch. 07 08; Occidental .... 70 —
Bmni Chollar. 11 —(Ophir 54 55
Bruns Potoel.. 12 —! Overman 42 43
Bullion 03 04jPotoei 04 06
Caledonia 93 —Savage 1O 11
Challenge 03 04|Seg Belcher ..12 14
Chollar 06 07jSoorplon — 11
Confidence ... 40 —Sierra Ncr ... 82 33
Con Va M I*4 SSlSilver Hill ... — 10
Con Imperial.. 02 O3 St Louis — 02
Crown Point.. 55 60 Union Con .... 44 45
Exchequer ... 03 04 Utah 06 07
Gould & Cur. 02 03 West Con Vβ- Iβ —
Hale & Norc. 12 13|Tellow Jacket. 45 47
Tonopah District
Belmont 5.85 8.90 Montana 2.00 —
Boston Ton .. 02 03|Mon Pitts Ex. 24 25
Cash Boy 07 08i North Star ... 33 34
East End — lOißescue Eula ..16 18
Gold Zone ... — 20' Ton Bxten ...2.70 2.80
Grt West Con 02 03,T0n Gypsy Qn. 07 OS
Halifax ...... — 2.00 Ton Merger ... 93 04
Jim Butler .. 7O 72' Ton of NeT...6.40 —
MacNamara .. 20 21 Ton 76 Con... — 17
Midway 41 42 Umatilla 02 OS
Mizpah Ex .. 70 —West End ....1.60 1.62
Goldfield District
Adams — OllGld Kewanae.. 04 06
Atlanta 17 18;Gld Merger M. 83 34
Blue Bell ... 01 02 Grandma 01 02
Blue Bull ... 07 f>9 Great Bend .. 02 03
Booth OR Oβ Grt Bend Anx. — 01
COD Oβ OSjGrt Bend Ex.. — 01
Columbia Mt.. f>2 03! Jumbo E* 31 32
Com Fraction. 09 lljLoce Star Con 04 —
Conqueror Con — OllOro 04 05
Cracker Jack. — Ollßed Hills 01 02
Dmd B Butte I Red Top Ex.. — 01
(reorganized) 04 05Sandstorm Ken 01 02
Dmdfld Daisy. 04 oejSHrer Pick Con 07 08
Florence 72 75[Spearhead Gold 03 O4
Frances Mhk.. 01 —Jw Ires ~ SO —
Gold Bar Gld. 05 —Vernal — 10
GW Bulldog... 02 —Wonder — 01
Gld Con M...2.40 2.43!Ye110w Tiger.. 02 03
Gld Portland.. — 011
Bullfrog District
Bonnie Clare.. 01 —[Tramp Con ..02 03
Mayflower Con 01 Or
Manhattan District
Pester Union. 03 04|Min Hill Con. 01 02
Gold Wedge... 09 10 Morning Glory. — 03
Man Big Four 3* 40 Mustang Man.. 02 08
Man Amalgam 04 —jMustang Anx.. — 04
Man Con 13 14 Mustang Ex .. 01 02
Man Dexter .. 03 04 Stray Dor ... — 03
Man Virginia. — OliThanksgivlng.. — W
Man W Caps. 11 121
Other Districts
Atlas Wonder. 14'Pitts 8 Peak.. 87 PO
Eagle's Nest.. 02 03IRaw Coalition. — 01
Fairvw G Bid 02 03; Round Mt 36 38
Ney HIIU ...1.47 l.SOjTecopa Con .. — 15
Anesnneßt Directory Conwtoelc Mlaes
Company— No. Del. Board. Sale Day. Amt.
Yellorw Jacket.. 42 Oct. 27 Dec. 3 .10
Exchequer 23 Oct. 27 Nov. 20 .03
Best & Belcher. 100 Jfov, 1 Nov. 25 .05
Ophir 90 Nov. 8 Dec. 9 .IS
Crown Point... 13 Nov. 7 Dec. 4 .10
Alpha Con 19 Not. 11 Dec. 4 .03
Scorpion 21 Nov. 23 Dec. 18 .01
Bruns Fotosi... 3 Not. 24 Dec. 19 .01%
Con Virginia... 22 Nov. 24 Dec. 20 .15
Sierra Nevada.. 32 -Nor. 28 Dec. 23 .10
Challenge Coo.. 60 Dec. 2 Dec. 2T .06
Overman 40 Dec 3 Dec. 24 .OS
OIL STOCKS
SAN FRANCISCO STOCK EXCHANGE
Bid. Ask.! Bid. Ask.
Caribou -- 1.25| Pacific Crude — 50
Claremont.. — 70Parafflne 23
Coal Central 20 — [Palmer ... ir 20
jDβ Luxe ... 70 — Premier — 45
Empire 75 — Republic ... 26 —
Maricopi 36. 30 — Saver Dough. — 165
McKlttrlck.. 0» —(silver Tip. 50 —
Monte Cristo — 1.25P w & 8... 18 —
New Pa Pet — 50' Turner 80 —
SALES
11:15 a. m.—
300 Palmer i$
LOS ANGELES OIL EXCHANGE
[Special Dispatch to The Call]
LOS ANGELES. Not. 18.—Business on the
local stock exchange this morning was marked
by great activity 5a Union Oil. Abont 300
shares of this security changed hands at a very
unsteady rate, which was inclined to hare an
upward trend. Quotations on BeTeral of the oil
Issues were rubbed off the board and new ones
recorded. The call:
Producers— Bid Asked
Amalgamated Oil $«2.60 $83 50
American Pet Co 50.00 MOO
Do preferred 70.00 7500
Associated Oil 44.02U 45 on
Bear Creek O. and M 52 00
California Midway Oil 14T' "17
Central l!lO
Columbia "i' -irt
Continental Oil '"' 2
Bnos Oil Co 04
Euclid Oil Co "09 ■" i.
Fullerton Oil 250 *"■«»
Jade Oil Co .$« ••a
Mascot Oil Co 75 * "
Mexican Pet Ltd Sniso fti'so
Do preferred 100 00
-National Pacific Oil Co ' 03 "'nil/
New Perm. Per. Co Zt* ° 3,4
Ollnda Land Oil Co '3% '' ;;
Pena. Midway Oil Co "07
Pirn Oil Co 22
Rice Ranch Oil Co 1'12V4
Union 9s!oo fl'TAo
SMffo?;:::. : :. : :::::::ra loe n
West Coast Oil preferred 71
Western Union 16666
Morning Sales
100 New Pennsylvania * 55
50 Union Oil ,„ ')* .93"n0
20 Union Oil ' '' »a v>
5 Union Ofl "" " »4 ko
110 Union Oil tn'on
SO Union Oil ' "" fusVu.
15 Union Oil ." Mftn
20 Union Oil ' n fi2l /
10 Union Oil ' '" " J?' s:u
10 Union Oil j>27^
30 Union Oil '.'.'.'.'." mk
10 Union Oil ok ok
20 Union Oil " n'r"^X
10 Union Oil ... nVT'lz
•20 Union Oil 8375
Chlcnjro Grain nnd Provision Fntnrea
™~ , ~ M < F « rn,^e< l by E. F. Mutton & Co., 4r.0 CV»Jforni« Street.)
CHICAGO. Nov. IS.—The leading futures ranged as frMov.e:
Wheat— Open Hiph T.ow Tins'- Nw. Iβ Year «co
December *0.85% fO.se>* $0.?»-.% |0.5.;% $0.58% •*.«*£
May »!<* .92% -W* •«« ll»2
Corn- "' '™ H ' M% ' '***
Deceml*r .4'Ve .47% .40% .41% .4714 .63%
May «T8 .47S .47 .47% 4t2 .«4t*
Oats'- *** ' 45% ' 4S " "•**
December >. .30% .3114 M% .31 .30% 47%
May 32 .32% M% .*2V t »*
July 3214 ..'52t 3 .32Vi .:i2i.i .32 i 4 e%
Pork—
January 1β.«5 18.!»5 is. ir.p.- 15.70 ie .r*;
May IS. 2.-. 18.40 IS. -5 is.:;7ti 15.35 ie!77%
1 «r<l —
Norembpr 11.30 11.374 11.30 11. 11.27%
January 10 70 10.57U, 10.70 10.W o 1<>.77% ft'ao
May 10,27 Vi 10.32 10.271* 10.30 30.30 955
tsbort Kibe—
Jannery 10. 10.25 10.20 10.17t4 s « 7U
May 9.85 8.95 9.«»5 9.90 9.95 1.1&
SUMMARY OF
TMB MARKETS
»w York wtoek market a dull a ,l *
«:iUin X affair. .
Copper share* have a qoJet ana
featureleeji day. *„_«,
Heavy advanoo In cetton futuree-
Spot also higher. f
Little change In epecnlatlve oo«
--fee price*. . ._
Chicago wheat market reepond* to
firmness abroad.
General eaxlnees In Nevada min
iner stockM. .
Wheat eteady locally at rec«nx
tleclfnc. .
Spot barley firm at unchangea
rate".
Rally follow* early decline In oar
ley optionn.
Specnlatlve buying of pink beam
oontJnuen.
E«fif market whovrlnsr more tone.
Butter slightly lower, fheeee un
chansred.
KnormoiiK receipt* of potato**
over Snnday.
Apples and oranges lead trade U»
frnlla. -_
Rain damaged srapee mnch »»
evidence.
Three care of western ponltrr
marketed.
Off Board •
30 Amalgamated Oil rfcastn $84.00
Afternoon Seles -
100 United $ „•*•
10 Union Oil fi3.52
40 T'nion OU 9 2?!w
10 Union Oil 93 'i2*
100 Union Oil 93> 92
3 Union Provident 105 -£2
10 Union Provident 103.50
GRAIN MARKET
Wheat and Other Grains
Wheat—The deadlock, which bad existed la
the local market for futures for an
period, was broken yesterday when one lone §al«f
of the northern December option was made at
$1.33V4. The sale had no particular significance
and the market immediately lapsed into Its cus
tomary dullness. The spot market was steady
at Saturday's revised quotations.
The Chicago speculative market was a nerr
ons affair, with all months advancing after aa
parly decline. Bullish foreign advices brought
about the advance.
CASH WHEAT
California white Australian, nominal: Cali
fornia club. $1.47V>@1-5O per ctl; northern club.
$1.47%@J.50; Turkey red, $1.55@1.57%: Rus
sian red. $1.45<g1.47%; forty-fold. $1.50@1.52%;
blue Btem, $1.55<31.57*4.
FUTURES
December northern sold at $1.3.T-i, December
California closed at $1.46 bid, and May northern
at $1.37% bid. $1.40 asked.
Barley—Trading in futures was more active
yesterday than for a long time past. The mar
ket had a mixed tone at the opening, Decem
ber being lower and May higher, bnt both op
tions weakened on selling pressure shortly after
ward. December steadied in the afternoon and
recovered all of the ground lost in the early
dealings, closing* unchanged from Saturday at
$1.48. Trade in the distant option fell flat In
the afternoon. The spot market was firm at
the previously quoted rates, with week end de
liveries from state points light. Receipts In
cluded 1β.500 cental* from Oregon. Very little,
if any, of this northern grain was Intended for
spot trading.
CASH BARLEY
Choice feed, $1.50 per ctl; No. 1 do, $1.45®
1.47%; lower grades. $1.40@1.42%; shipping and
brewing, $1.52V<<31-5714; chevalier, nominal.
FUTURES
11:30 a. m. Session
Option— Open. High. Low. Close.
December ...$1.47% $1.47 $1.47
May, 1013 1.48 1.48 1.46% 1.46%
2 p. m. Session
Option— Open. High. Low. Close.
December $1-47% $1.48 $1.47% $1.48
May. 1913—-No trading; $1.46% bid. $1.48 asked.
Oats—The market started the new week with
the situation remaining exactly the same as on
Saturday. Trade was practically at a standstill
and prices were nominally unchanged. Red for
feed, nominal; red for seed. inclnd
lng recleaned: spot white feed, $1.52%@1.55;
black seed. $2<g2.2,V
Corn—Eastern yellow, in bulk, on track, $1.63
01.68 per ctl; eastern white, $1.6531.70; Egyp
tian. $1.65@1.70 per cti.
Rye—ls quoted at $1.45@1.50.
Forelcrn Future*
LIVERPOOL
Wheat— Dec. March. May.
Opening 7 3% 7 3% 7 2U
Closiug 7 4% 7 4% 7 3}i
PARIS
Wheat— Nor. Mar.-Jane V
Opening $1.52% $1,429*
Closing 1.52% 1.4214
Flour, per barrel — Not. Jan.-Feb.
Opening $e.SS $8.19
Closing 0.61 6.19
CHICAGO BOARD OP TRADE
Fnlare Grain and Pro-rinloßs
CHICAGO. Not. 18.—Sudden strength de-rel
oped !n wheat today after the receipt of news
that British troops had landed at Constantin
ople. There was a nervous close, %@%c above
Saturday night. ,
Unfavorable weather 1n Argentina unsettled the
confidence of the wh»at bears early In the Mβ
sion. Heavy domestic receipts, howerer, and
world shipments larger than expected, formed
more than an offset.
May fluctuated between 83% c and with
last sales at 86*fcc.
Shorts who were frightened at the action of
wheat rallied the corn market. May closed
steady, at 47% c.
Oats displayed independent strength, making a
net gain of M(!%%c.
Provisions offerings were limited and the
market responded to fair buying of which con
siderable was for investment. January pork
took the lead with an advance of 25c.
CHICAGO, Not. 18.— E. F. Huttoa * Ct/B
wire says:
"Wheat—An active and nerrotw market In
wheat, with Talnes ranging higher, following
early declines of 14 to % from SatnrdaT*« clo*
ing prices. Strength was on unfavorable Argen
tine weather and crop advices, and leas favorable
European political outlook. Many speculators
were caught short, having sold too freely on the
big showing of bearish news early. Latter In
cluded world's shipments nearly double last year.
Northwest cars far more than double, and con
tinued lack of export inquiry. The trade alto
expected that the visible increase would total
8,000,000 by including the Buffalo stocks. In
this there wae disappointment and the visible
Increase proved 6,670,000 bushels against an In
crease of 350.000 last year. Later there wer*
very large export clearances for the day—1.275,
--000 bushels. All European markets closed
higher. The Argentine crop news consisted of
rains and unsettled weather In harvest section*
of the north, and dry with prospects of crop
deterioration south and southwest.
"Corn—Weak at the outset and selling pressure
was again very heavy. Offerings were absorbed
and the market recovered the lost ground on
covering by shorts, who were frightened at the
action in wheat, then sold off again because of
the weakness of new cash corn here and else
where. One of the private crop experts and
statisticians of standing estimates the corn crop
not to exceed 3,000,000.000 bnehele.
"Oats—Generally higher and held their own
better than other grains. A few cash grain con
cerns sold December early, which stirted rather
free selling of that month. AH offerings were
quickly absorbed after which values ranged
higher with other grains, holding a good part of
the advance. Cash oats in the sample market
V% to H higher.
"Provisions—Scored a further good advance.
There was fairly good speculative and Invest
ment buying, started a lot of «hort«.
chiefly January, covering. Offers limited, and
market therefore responsive. Hogs at yards
started 5c to 10c lower, but later recovered lost
ground.
Ca-h Grain and Provision*
CHICAGO. Nor. IS.—Cash quotations were as
follows: Flonr. easy: No. 2 rye. 61<3«2e; feed
or mixing b»r>y. 47'5 , .t0c: fair to choice malt
ing barley. 55#70c: timothy seed. $2.75(?|3.75;
clover seed. $13Q1?.5O; mf»ss pork, per hbl,
$17@17.25; lard, in tierces, $11.37K-: short ribs,
loose, $10.25«ri 10.00.
GRAIN STATISTICS
Total clearances of whPat and flour were
equal to $1,424,000 bushels. Primary r«>e«>ipt*
were 2.334.000 bethels, compared with 1,215.000
bushels thp onirospondln? 'lay a yenr ago. Th*
visible supply of wheat in the United States
increased e.fiTO.ooo bushels for thp wc-k. The
amount of breadstuff on ocean increased 1.500.000
b'lshels. Estimated for tomorrow:
Wheat. 130 cars: corn, 294 cars; oats, 376 cars;
hogs, 23,000 head.
Vletble Grain Supply
NEW YORK. Nov. 18.—The visible supply of
grain in the United States Saturday. Noresnhe*
Iβ. as compiled by the New York Produce ex
change, wbs as follows:
Wheat. 52.a3G.000 bushels: increase, 6,670,000.
