Newspaper Page Text
BUSINESS, COMMERCIAL, AND FINANCIAL SECTION
16
GROWTH OF STATE
APPARENT IN THE
BANK STATEMENTS
Institutions Make Known
Condition in Response to
Call of Comptroller
of Currency
CLOVIS A. FARNSWORTH
All the national banks, in response to
: by the comptroller of the cur
rency, issued statements yesterday of
their condition at the close of business
November 2«. Excellent showings were
made by the nine national hanks of this
city. The statements showed low re
serves, indicating a strong demand for
money to carry on the growing indus
tries of the state.
The previous statements of the state
savings and commercial banks of this
city also reflected the great growth of
San Francisco.
On another page are the statements
of leading national banks of San Fran
cisco;
IWESTMKXT BANK—IRS' MBETHfG
Ohallen R. 1-arkec.of the bond depart
ment of the Anglo' and Ixmdon Paris
National bank haa just returned from
the first annual meeting of the Invest
ment Banker;-' association of America,
which was held November 21 and 22 in
the Waldorf-Astoria In New York. The
Isatioa is aa association of bond
dealers and banks with bond depart
ments. There were more than 400
members at the meeting and they rep
resented the biggest investment houses
in the country. Upon the resignation
of S. B. Wakefield Parker was elected
: the governors of the association.
**One o;" the- most important matters
. nnsidered by the association," said
Parker ycsto'rday. "was the employ
ment of counsel to draft acta govern
ing bonds with a view to having- uni
form laws throughout the country."
Parker was very enthusiastic about
the association, and slid that the bond
men of the Pacific co-ot were planninsr
to efEect an informal organization to
work along the same general lines as
the national association.
Purina; the session in New York an
invitation was extended for the asso
ciation to meet in this city during the
exposition in 1915. The matter was
looked upon with favor, but no definite j
action can lw? taken for tw-j years yet. j
* * *
SCHOOL BONDS SOLD
N W. Ilalsev <Sr Co. were the success
ful bidders for 125,006 6 per cent serial
bonds issued by the Exeter school dis
trict, their hid being $107.67, or on a
basis of 5.285 per cent. The other bid
ders were Torrance. Marshall ..<- C©.,
$107.04: K. 11. Rollins & Sons. 1106.76*
Blvmeyer & Co.. $105.51; William
R. Staats company. (105.51; William
National Bank of Barneaville, Ohio,
$101.20.
* * *
BREAK IX CA\ COMMON
The sharp break in tha New York
market in American Can company com
mon is attributed' to the fears of the
Stock exchange traders that the plan of
The directors to increase the preferrf-rl
dividend and start payment on back
dividends will not materialize, accord
ing to a private wire to .1. <'. Wilson
& Co. An interest in the company an
nounced that the meeting would be.
held this week and that the increase
in the preferred dividend and the in
itial payment on the accumulation
would be made. This payment will be
in the neighborhood of 1% per cent.
Kach succeeding payment will be
larger and the last 8 or 10 per cent
will be disbursed in one payment, lt
is expected that three and a half years
will sec the accumulation paid off.
* * *
m:YKLOPME\T OF WEST
R. .1. Dunham of Armour & Co. has
just returned to Chicago with glowing
accounts of the great development
work in the west. He said:
'Development is the west is almost
wonderful. The country Is moving for
ward at such a pace that important
changes are to be noted within a year's
time. The people age extremely pro
gressive and. it can be said, full of red
blood.
"Long account is being taken of the
future in the plans of the people. There
is apparent a systematic intention to
look ahead to future needs. In the
city of San Francisco this is specially
marked. For instance, hotels that be
fore ftie earthquake and fire had a ca
- of 500 persons, have been re
built on a basis of capacity for 1.000
persons. This idea runs through all
operations. Land, too, has been ren
dered - ; o productive that a price of $300
an acre is ordinary for farming or
ranch purposes. Soil that, would com
mand $200 an acre in Illinois readily
brings 50 per cent more in California.
"Again, the rapid growth of the
country is causing new capital to be
veimmed. It is recognized that the
west, of itself, can not finance the
large projects that are accompanying
its development. The people are using
ail their own available resources, and
must look farther cast for the extra
• apital needed."
* * *
I MO\* PACIFIC F.VRM\«S
The report of the Union Pacific for
October shows $:">,687.&T0 gross earn
an increase of $973,13.", and
$4,369,611 net. a gain of $3*5,742. Fol
lowing are the comparisons for Octo
ber and the four months:
»i_ urn ioif>
Aroraj:-*- mileace 7,256 7.if, 1 8,495
Ms. .$0,687,570 J'-.TH.!"..". $8.t)05,657
October not 4,701.324 1.t40.4iS 4.: , ._'4.17K
381.71.'! 436.55 ft 171.510
Net in. om.- ... 4,368,611 -.OO.'J.Kf.o. 4.052.650
4 mos. _-.-.-. 3r>,ooa,oft- "2.101,481 33,011,422
.17.-I2< ;.*-,*"-'_ 1.-,."577.0*8 lfi.llS.lol
1,586.827 1.412,195 1,070,325
Net income ...15,789,963 15,047,969
* * *
SOITHEBN PACIFIC REPORT
The October net earnings of the
Southern Pacific was $5,270,700. an in
of $725,571. The gross earnings
■ d a gain of $1,990,585. Following
is the report for October and the four
months:
b»i2 i:.il
Av-.t. miles 10.?.07 ;•.-)*'.: :i.sC7
Oct. gr055...513.915,714 $11,925,120 $12,478,959
.... 5.749.628 ~948,609 4,885,007
Taxes 478.829 403.381 365.676
Op->r im . . r.,270.T99 1.545.227 4,619,330
50.845,185 45.815,975 47 372,616
4 mos. c-t.. 18,075.495 : , '.74t; c.is
.... i>m;.(h;7 1.51.fi. 75' i 1.462 702
t).,.-r in.- 19,183,413 1fi.175.745 _7,283,'91S
* * #
John M. Eshleman. president of the
railroad commission, has returned from
Ipg of the National Associa
tion of Railroad Commissioners at
Washington. While in the east he
d Into the blue sky law in Kan
also attended the water power
a Washington.
* * *
Standard Oil of California company
• nt out a corrected notice stating
that the 2V_ per cent dividend recently
declared will be payable December It>
instead of December IS as originally
annoi-ticed.
* * *
The railroad commission yesterday
heard the application of the Ooaiinga
Water and Electric company to sell the
capital stock of the Russell -Robison
Power company to the Midlands Coun
ties Oas and Electric company, for
$**.*",00(1. *
Condliion of the Treasury
WASHINOTON, IV-c. :;.—Tlio confllti->_ of the
1 nitf-.l State. 11-eaMjiy at tbe. beginning of buisl
a#w today was;
Workinc balance. f-*4.212..*i.'15.
In banks an.l Pbilipplne treasury. $31;608,818.
Total of genera! fund. $148,204,367.
Receipts y-sterda-r. $1,198,539.
I-isl-ursementj-, $2.014,5::7.
The Mirpln> this tisi-'il year $357,386, as
against a deflr-H of $21,392,148 last ync.
The figure.-- for receipt!-, hu>! sur
te., exclude Panama canal and public
a.l. iraßsa'jtions. ,
•
♦— — ■ — —
New York Stock List
t I*. lint ton & Co.. 400 California street.
member, of the New York mock exchange, fur
! nisli ttv following list o. bond and stY- sal.-s
yesterday: _______
j Sales)
i:
iigli! t,»v- j Bid'l
I
lAlHs-ChftltBers . .1 ' -
I Do pfd
_.t.OOO|Amalfe Copper... S4% S.3% 83
l.200:Amer B< ■ t Sugar 57 50 .»«■ •
r 84.400)American Can < • ■ ■ : '<~U ,2J*
1.100, Do pfd l_.-|i„,l22 12.
•JOOlAmer (' A F ("».. S8 58 58% M
Do pfd !••■ ■• 1|8% ']•'.
1,700 Amer Cotton Oil. 30 i • '■•*-'» •'**
: do pfd '■"■ u»
Aiu.-r II & I i ! •' ■' -
■*00 D<i ptd - ■ 28% -** 28 30
900 Amer Ice Secnr. Is-. j-8% 18
I American Linseed! | '-
j Do pfd 331
600 Amer locomotive 4*%l 45%] 45VS l "
IQU Do pfd 1107 [107 |lfl0% 107%
2o-i American Malt... 14% 14 13*4 1*
; -Do pfd ••-• 60*4 ''■'*-
4,080 Aa-er S _t R - 78 , TT% *s ,s' t
Do pM J . •■■■ 108
4,060 American Whiff. . 20U, LMi', 198
100 Do pfd 1 -M-%-HH-'H, 104 lo-"".
100 Aaaerleaa Sugar .(118 118 |U8-
Do pfd 117 ! , 121
800 Ann I- KteJ I ! * 88 31 38
l.ooo.Ami-r T k T Co. 14_"S 142 141% H-'u
liner Tobacco 268 280
3011 I>.. pfd [103 184% 104% 105%
200 American Woolen S3 2814 22 22%
d., pfd sets w%
1,2 00 Anaconda *3% 12**. 42% 42*4
4O0 Atlantic C Line. |l40-*4 140 140 140%
4.2o« A T A- Santa Fe. 187% 106% 107 107%
I),, ,,,-,< 101% : 2
Brilwin i.-.c.m'v. ... 83 $_»%
1.7o«i Kali & Ohio 106%|105%|10."i**4 106
i).. pfd
2,300 Betblebem St.-.-l. 10% 38%I 38*% 38
•■(«. I),, pfd 88 - •- i 88
1,400 K It 1 81% 01', .81%
.nils Pet..., 68 02 ■ 82% 82%
100 Do pfd ! 90% Oo-V 90% 81
2..-.0ojC*anadian Pacific. t266%|28") |28"i [265%
7.800;Chlno Copper ... 47' t 48 #6% 46*4
1.400 C * 0 S2\ 81% B\%
C * A '*- »
400 t A- Q W 17'., 1T% 17 IT%
otm. Do pfd 33 32% 82 83
l»to .- « N W r»38 138 137 138
10.300C M & St P ..1115% 114% 115% 113%
lim Do pfd 142% 142% 141 143%
l.TOOtOntral Leather.. 2»% 29% »% 28%
son Do pfd ! 88% 85% 95
-OOiCeat of N J 8T0 8«8 [368 |370
|C c C & St I •"-
! Do pfd ■"
aOOIColo F".'l * Iron: ."..""., 30 30% SB
Do pfd l»
Colo Southern ..' 80
! Do 1st pfd H I •••
1 Do 2d pfd ' 86% 7o
lOOfConsoUdated Gas.) 142% 142% 141-%J142
3,60OICora Prodaeta... 16% 15% 15% l->%
Do pfd : 7'i'-4 70 70
IGm Carpet ! I I TS so
100 Del & Hudson ...1166 160 165% 187%
1'tO'D I. & W 550 "'"'O 548
t> no.. 21% --
200 Do pfd I"', 39 3»% 10%
. 23% 25%
Duluth S S A- A " 8 8
j Do pfd •'• |_%
1.400 Eric I 84%I 33% 33% 34
000 im 1st pfd... .-.1*4! 51 BO* 51
....... Da •.'<! pfd 4" 41
~: (Federal MAN 18 ' s
Do pfd •-• M
SOOiGeoeral Rleetrlc 18S 184%|184 18j
General Motor.-. ,; 88 -,
, Do pfd 2 «•%
500 Goodrich '
Do pfd 105% 108%
500JOI Northern Ore. *6%| 45% 45% 40%
1,800 Do pfd 137% 137 1137 187%
■j..-,im.i; I-" Cob 2 . l%\ 1% 2
Homevtake i I 103 10--
Illinois Central I U2* 128
1.1001 Inspiration ! 20 | 18% 10% ( 20%
2.500|Interb,iro-Metro... 1»% 18% 18% 18%
.; 100 Do pfd 85% 83% 63% 64
.. Lot*. __-wUt .113% If®
' Do pfd --''■, iI ',
[Inter Mer Marin ■• _•»%
io,v do pfd |»% ■-<>
200 |at«r Pap< 13 I. , 12* 1-*
too Dn pfd 51 * :■"■■<■ 50%
later Pnmp j _1.
-..Iowa Ootral , W l-> .
I Do pfd -•'• -, '
IJoliua 01 8»
' Do pfd ' .1"' -'!'!,-
200iK C goutbera.... 28 : 2*- I 28%
. .. ; Do pfd , ■■■'■- ,; - 2
6.3O0 T.ehicl, Vall< y--. 174% 173% 173% 1.4
inf. I.igsett A Meyers 21 1 214 214 ; -l->
do pfd n- tm
200 P LortlUurd Co .. 206% 806 204 1200
Do pfd ... H*% '""-
r & N _ ....1145 1 40
.'.'.'.'.'.'."tMaekaw .... ■ ■ ''•' •
do pfd ' -''' , '-
Mesican Centra!. ' J-\ 28% 28% 2»
2.80O!Me_Ica!J Pet .... 84% 83 \ s4 84%
100 Do pfd 10. 102 102 108%
Minn & St I ■ -<2 »%
I Do -\*t pfd -- •• 4. »
M Sr P A- S S M. 142 142 111 ; .
Do pf.l 146 155
M* Kan A XtaM. » gjf
! Do pfd ! "_.
2.400:Miami Copper ' '-''- r '***' '-' -: '-'"* fill
_,R )Hl 'Missouri Padfle.. 4 : 7 . 43 43 •*•'".
National Lead.... 60% 60% 50% 60%
lOol Do pf.l 1108% 108% J* 00
Nattooal Bi*--uit.. ! '130 -1'.
: Do pfd l'--'i --'..
_.i0 Nntionnl Enamel.; 2o 18% £?% 20%
i Do Pf.l ■■ ...,.-.-, «%
2.7.00! Nevada Cons.... 22% 22% KJ% — *-,
10OJN V Air Brake... 80 80 .0 .8-4
BOON >' Central 114 113% 118% 1M
N Y C A St I....' : ■;■- ,2]
; no Isi pfd IM , 1,,s
! Po .1-1 "pM 8?* -
100A- Y N H A- II.. 133% 133% _3 l; "'''
300 N Y <>nt & VT.. ,\ 33% *«% 33% 34
LOWlNorfolk & WeBtrntll4% 113% 113% 114%
.. . ' Do pfd s -~' sit
lOOJNortb American.. 83 83 s -'- \ ,:'
2.300 Northern Pa. ite.. 124% 133% 123% »*»
Omaha ■■ ' ]."' }**
.... Do pfd '•"' "'" ,
40n'paeinv Mail ; 35% 33 34% •■J' 1 ,
200 Pac Tel A- Tel.. 40 W% 18% 48
700:penn.--y1vania .... 123% 123 123 12-H%
200|Peop!e-s Gas. 115% 113 11.. I'o
l,30O!Pitrsi:- I 0% g » 1 -;•-•
Do pfd 82 80 81 .82
p .- C_ Bl Loola ' ih; - 11 '
::::::; & pm.. • nn ,. r :L'
r,0OjPressed Steel Car 87 36% ■■'■-■'■
' Dq pfd ' ' f ' 1 •"•'■•
''7,O00Ray CoB-oUdated. 22% 22 22
20fMRv Steel Soring" ''■'•■• l 30K. .'..■.
Ti*. Do pfd l"l "i'" 1 l" 1 '"- ,^
U7,800[Be a dlBg 173% 171 %J171% ltl%
'fioo! Do 1st pfd... . 00% » » »
300 Do 2.1 pfd ! '•'-• 84% 94% M%
ToORepubii.- S & I...I 28 ' 27* 4 27% -**
500 Do pfd *■'•■ 88% 88% »%
3.600.Roek island I WL\ 24% 24% 2o
1,206 Do pfd '.'v 48% ''■■*. «%
5«3R-mle, 97 86* 96 07
1 r>o pfd ' '"
•.■;.'.'.": SCaboard Air Line .... 19% »
8001 Do pfd - 4»%
0011 Sea is- Roebuck . .1215 214%]213%|215
«.£•
' Do pfd 86 100
ist. l & s f let pf :•• \?y
.-,oo Do 2d pfd 31% 81 ■■V
400:st I.ouis A- S %Y.. 38% W •_'.'•• _;
1001 Do pf-1 " " ''••
68,0.10 Southern Pneifl-. 109% 106% 10.% 107%
"l-ooiSouthern Railway 29% 20% 29* 28%
300 Do pfd ! 81% 81% si_ 8M*
700 Tennessee 1 41 4
■•mi Texas Oil *4 HO »18*a "8
Too Texas ; i »%l 24
; _ -,; av . 37% 38% ■:■ ■■•-.
Toledo st I. A W ! 12 : <■';•
Do pfd 31 31 30 . ■-.
105 105%
1104 103% 103 KM
f Do pfd I 113 11-
500|Uoloo It * Paper! 8 ! 7-* l 4 r% 8%
800 Do pfd 47 46% 40 ! 4.
64.200|Unl©B Pacific ...,17l%il6S%(170'%U70%
4,400 P.- pfd ■' . 84
1 SOfl L'nited Rya In - 39
2.8001 Do pfd 68 j «7 07
U8 Ca«1 l Pip" I ~ '-'i
_ort' Do pfd 60 60 v 63
ID S Realty ' i I 7ft .
70OIU S Rubber ' 67% 65%I 0*i ! |K%
Do 1st pfd.... 1108% 108% 1107% 1108%
: Do 2d pfd .... ! ! 70 | so
96S00I r s steel Oor..l 7::*vs' 7_v 4 | t:' \ 73 1 i
"'000: Do pfd 111% llOi
_ SOOiCtah Copper • ■
6fl0tVa-Car Ctwn C5o. 4«%l 4.Vv ! 40 | 4«%
100 Do pfd 116%] 115% 1115 H17
\Yal.as). I I%] 4%
loo; Do pfd 13% 13% 18%) 14
IWella Fargo F.x 124 1128
100 Western Fnlon ..78 7s 7«
Wesfit Mai 52 51% 53
! Do pf.l I I 72 78
3TJ0 Westinchouse ... *
WAIF.
i.r.oo: Do pfd 86 20 i 20 ! 3oi^
.- : Do 2d pfd ....! ■ 13 ' 13',
looiwiseonsin Ccctrali ,*">2 L ;
VfioiWoola-orth lllS%}112%!lt8j4JI13
i Do pf.i ! ! ll»>
588.200—Total shares p-oid.
AVili«on*» Vletra on the Market"
J. C. W'ils-on & Co.'n prlrate wire adTieo*.
said rrpterday: W
"The New Yorfe stnek market ruled weak,
mr.re probably on account, of tbp uncertainty
rarronodlng the t'nion Southern Pacific stocks
than anything else, as thr arm to be pursued
is entirely problematical and probably will re
main so for some little time. Weakness in
other stocks was largely in svnipathy with thp
selling in Southern Paciflc, although all through
the list there was a tendency toward support
that was unmistakable. Money was a shade
easier, but is still too scarce to admit of
anything like a hull market. It Is expected that
a Kuropean atrntslicc will be signed tomorrow.
Tills may cause some foreign buying In the
morning.
••Boston reflected the continuation of erratic
fluctuation--: in New York, which unsettled the
local coppers. We do not look for any material
reaction from the liigh rates for
money until after the first oTth" rear.
•'There was some natural leepeetry on the
rv,tt-m exchange fcroai tbe extreme depression of
yesterday. This occurred on ltot'i sides of the
Water. I.ivorp.xd w->s ateadv. The sjx.t sale
were 10,000 bales. Private dispatches from that
THE SAN FRANCISCO CALL. WEDNESDAY, DECEMBER 4, 1912.
Harriman Issues Subjected
To Feverish Fluctuations
XEW YORK. Dec. 3.—Feverish fluctuations in Harriman securities
featured the stock market today as various opinions "as to the ultimate
effect of the dissolution decree prevailed. Early firmness was succeeded
by pronounced weakness in Southern Pacific and increasing heaviness in
the other securities affected. Professional operators took the view that
separation of central Pacific from the Southern Pacific would hinder the
development and operation of the latter road and tbey sold that stock
heavily until it ruled three points under yesterdays close. Conspicuous
strength was shown by Reading. The general movement of prices was
downward. Steel fell below its recent low level. Money rates were main
tained at high figures with renewals at ft per cent. Bonds wer,e irregular.
Harriman securities led the stock market at the opening today. Union
Pacific rose 1% and the preferred I*,.- Southern Pacific opened with a
slight gain, but on subsequent sales relaxed 1% under yesterday's close.
Southern Pacific collateral Is rose two points."
Rear operators .-old Southern Pacific freely in theory that the carry
ing out of the dissolution order would seriously affect the status of the
property. The price sagged 2% to 107 and I'nion Pacific also reacted a
point. Partial recoveries occurred afterward when Reading manifested
considerable strength.
Liquidation of a large amount of Can depressed it three points and
hampered recoveries in other quarter* where the pressure was abating.
Continuous drives against the market ultimately canceled the two
point rise in Reading and tent I'nion Pacific. Steel, Copper. Smelting and
Northern Pacific a point under yesterday's final figures. Breaks of two
to three points were made by many less active stocks.
The market closed firm. - *
Speculative sentiment underwent a change in the final hour and tflere
was a substantial rally which was most effective in Reading, Steel and the
Harriman stocks. Short covering was largely instrumental in pulling up
the market, but the earlier low prices also attracted buying for the long
account. Monetary conditions were less of a factor in the day's movement
and the rise was achieved in the face of a final advance in call money to
9 per cent.
NEW YORK, Dec. 3. —K. F. Tlutton <*. Co.'s wire says: "Today's Stack
market was strongly Influenced by a number of unfavorable factors. The
Union Pacific decision yesterday and the money situation both contribut
ing to much selling and liquidation in spots. ' The final outcome of the
I'nion Paciflc decision and its relation to other important systems of rail
toads created serious distrust. The money outlook over the first of the
year was another matter of concern to hankers here and it was amply
evident during the session that loaas carrying industrials were being
forced out.
"The secretary of the treasury says there is no necessity for de
positing government funds in our banks at present. This means let Wall
street liquidate some of its speculative commitments; and who can tell
how far this will go.
"Talk of a physical valuation bill on railway property in the lower
house of congress and which may get through at the next session, was
another disturbing factor. #
"The arrival of pold «from Europe In the next week may relax money
a little, but it is well to keep in mind that more than $225,000,000 in cash
must l-e provided for January disbursements, hence we may expect con
tinued stringency and probable further liquidation in stocks."
EASTERN STOCK AND gOND QUOTATIONS
New York Curb Stocks j
NEW YORK. Dec. 3—E. F. HattOO ft Cn.'s
lire says: --Tbe opening of the outside market
las active and strong today. United Cigar
M.-res was especially strong, reacting biter, but
tasfag steady. (iiroux was under pressure on
uniois of a possible reorganization. Ohio Copper
ras also weak, telling down to 1 1 16 at the
lose. Braden was in demand, making a new
iirli record. The market closed steady."'
The following list is furnished by K. F. Hut
on ft Co., 490 California street. San F'-nctsco:
Bid. A-k Bid. Ask.
knglo Oil . I.*" 1 --. 18 'N"ev Hill-.. .1 1 16 1 316
leimont ...8 7 16 Bft it*Nipis--ing .... S'j &%
iraden Coppr 10 __ [Ohio Cop.. 15HiI 716
Do 6s ....20.", 2i>fi ,I'ao GftK com o5' 4 65%
Iriti-h C 01... 4",: Do pf.l 91 92
hi Subway.. 4 7 [Phelps Dodge—PS 220
olorado .... 29 83 S«n Toy .... 28 :;<•
on Art? ...7 16 U Sioux Con' .. 2 5
)!ivi> I>alv.. 2 2' s s W Miami.. 5 7
kvbie % %iSo Utah .... ' ( '.
tolores 2 4 [Standard Oil.
:i Ravo 1 2 i ex subs RM 880
:iv Cent ... U 2 ' Do md ....Btß ::29
*.!v Co.* .... 12 " 14 ! Do Cal ....168 H8
*.! Paso t-ij, 6%|Stewart 1%1 15-10
"irst Nat ... 1% 2 jTon of Nev.. S% 9%
"Taction B 10 'Tri Bullion... % 11-16
lecenec .... 80 85 Tuolumne .... '.'• t I
;irou_ $% '■'•'■•. l'nited Copper i 9
•".I DaNv .4 8 Do pfd 8 15
lid Belmont. 14 M C 8 Light... 12 1$
Ireene Can.. 8% 9% Yukon 3 .'"%
lalllnger ... 15% 15., West Pac Ry. 9% 10
lallfax 1% ' V >•"< R- -*■"' *•*-
TOO Blossom, i:::o Ito West Pow pfd 62 55
nt Rubber .. 11 12 ' Do com ... _<*> 28
Im Butler .. 58 60 [Butte &NY 1 15-16 21 16
Jumbo E. .. 23 27 ; Alaska <'old.. 9% 9%
<err ijikc .- 2% 2% West End ...15-16 1%
'cystone ... 2 2' 4 iWettlaufer .. 2% 27
-a Rose .... 2% 2'b'Mizyiah F,v .. 80 83
-ehigh C0a1..225 _.'5 'lon Bxtea .. 2% t%
.iason Val .. 12 12%'U S Motors.. — %
.lavs Oil ... _n 23 Do pf.l 1 —
lan Transit. \% 2 [Manhat Shirt. 70 73
,larconl S% 6%| Do pfd WSJ4IO4
IcKinlev v.. 23-16 2 V Emerson 73% 75
lontana Ton. 1% 2 j Do pfd 88% ™- T s
.larttl 6s .'.JOS 173 (Tobacco Prod. 130 l.V>
lines of Am. 2% 2%! Do pfd 100%10l
!ont_ Sho... OS 05 Ton Merger... 78 79
> . ; *■
New York Bonds
, , _*.
; S- ref 2s reg. . .109% Japan 4%_ 90%
T>o coupon 100%jKan City So ref 5s 88
Do 3s reg 102% I. Shor del. 45.1931 ft*_%
l»o coupon 102%1L ft N unified 4s. 97
Do 4s reg 113% M. X ft Tex lat 4r- 94%
I>o coupon ....113% Do gen .%•.... 86
'anama 3s coupon. 101 %'Mo Pacific 4s 71
U-Clial Ist 5s ctfs 60 | Do cotlv 5s Sfi%
Liner Agricul ss. 101% IN R of Mc X 4%5. 87
'mer T&T cv 45.111. N V C gen »%».. 85%
kmer Tobacco 69.128 Do deb 4s 91%
krmour 4%a 91 [NY.NH& Hct 3%* 8*
Itchlson gen A-.. 9fi% [Nor ft W Ist con 4s 97
Do cv 4s. 1960.. 10t I Do cv 4s 113%
Do cv 5s ..1071,4!N0r 'Pacifl.. 45... 9*<'_
Ulan C I Ist 4a. 85% Do 3s W
Jail ft Obio 45.. 97 [O S Line rfdg 4s. 94
Do .':>.,s OOVPa cv 3'.s. 1915. 86%
trooklyn Tr cv 4s 91 V, Pa con 4s 102-1'
entral of Ga ss.lo2%[Readli>g sen is. . . 88%
Vnt Leather 55.. 05 ;st L ft S F fg 4s. 7H
he- A Ohio 55.. 99-V Do gen pi 83%
Ho r..n 4U5.... 92U,'St L S W con 4s. 80%
hi ft Alton 3«*-* 6.5 "Seaboard AL adi 5s 75%
. B ft Q i"int 4s 95', 'So Pacific col is.. 93%
Do B e n 4s 94 '* Do cv 4s 92%
'.Mft StP cv 4%-.106% ' Do Ist ref 45.. atu
I.Rlft Pa<* COl 4s. W So Railway 5s l"-',*.'
Do ref ta 88%) Do gen 4s 78
■O* So rftext 4 1 -s 9::', Union Pacific 4>.. 991'
>el ft Hod cv 4s. 97 | Do cv 4s 101
ten ft R G r.'f ss. 83% Do Ist ft ref 4s. 95%
tistillers 5s 71 \V S Rubber 6*...103%
Crie prior lien 4s. 88% it* S Steel 2d 55..101%
Do gen 4s 7-> 7 « Va Car ('hem 55.. '..7 7 -s
jlo cv 4> so r B. 77's '•V'hash Istftext }s 88%
1! Cen l>t ref 4s. 9.M. Western M<! 45... X*
Hi Met l%* 80% Wesling I*l CV ss. 93
nt Mer Mar 4'_s. 66 |W1« Centra! 4-.... 91
New York Mining Stocks
om Tunnel Stock 08j!Mexiran 1.80
"om Tunnel Bonds l*iOnta_kt 2.75
on Va Mm 10. .37 Ophlr 38
run Silver I,so;standard 1-O0
.eadvllle Co:i ... OS'Yellow Jacket .... 30
)ii if, fhlr.r ft.-.;
l.ii Ile ■ lll'*l "-•'
centet#were more bullish in tone They took the
ground that the ncirket was pretty well sod
out and that if America gave any encouragement
prices in the English market would advance
Manchester continued strong, with a good de
man.!. Spot markets on this side of the water
once more showed their independence-! ot futures.
Tiicv refused to foOon the recent sharp decline
in the speculative market*. Though some re
ports were re. the effect that the actual cotton
was more freely offered in parts of the south.
the consensus of opinion was that I here was no
pressure to sell and That the decline in futures
simply increased the discount here under spot at
the south and thus rendered it more difficult than
ever to bring cotton to ihis point except at a
very heavy loss. The unsold stock here Is not
much more than 20.000 bales and is owned prin
cipally by one house. Wall street interests,
which last week sold heavily, were buying freely
today. So wen- some of the spot booses. Local
shorts also covered. There was buying hy Mem
phis and New Orleans and other parts of the
south. New England mills were buying futures
her- owing to the difficulty of getting cotton
at the south except at very high prices. Buying
by spinners is considered as one of the bpst
features of tit- situation. On the whole the
prestitrc of the hulls has suffered by tbe break
on Monday.
"Liverpool sent lower c:>!>lcs to the Chicago
grain trade, influencing o-ir market at Ibe
opening Rood buying appeared, however, and
irfeet firmed iip- Prim iry receipts are not
as heavy as they were, but are still consider
able. Bradstroot's showed a world's decrease
of 1.750.000 against an incr.-i-e of 12.14'i.000
last week. Pit traders were good buyers through
the day: 4.17.000 bushels of wheat and flour were
cleaved. Canadian visible supply shows a de
crease of _,500,000 for the week. The primary
movement of wbett to date has been 225.tMVi.n00
since July 1. or five months. The entire move
ment for the 12 'i-op months last year was
223,900.090. This means that the movement for
the balance of the crop year (seven months.
will 'be much In excess of the total last year,
and. therefore. Is hound to let op somewhere.
We do not believe there Is any easy money left
on the boar side, and we advise purchasing.
We think we see very great signs of a de
crease in the movement of wheat from first
hands in the southwest.
"Corn scored steady advances nearly all day.
Speculators in the pit were thought to be
buying. Buffalo Is selling com cheaper than
that offered in Chicago.
"Oats were firm In sympathy with wheat and
corn, though all statistics were against the
advance." .^
TVef-r York Money Market
NEW YORK. Dec. .I.—Money on call strong.
60)0 per cent; ruling rate, 9 per cent; closing
bid 9 per cent: offered at 9 per cent.
Time loans strong—Sixty days, nominally.
Ri.*f7% per cent; ninety days, nominally, 6%'gi
7 per cent: six months, ft per cent.
Prime mercantile- paper t" pfr cent.
Sterling exchange firmer with actual business
Boston Stocks
BOSTON. Dec. .1....-E. F. Hutton „ Co.'s wir<
say>: -The market opened steady but dull an.
featureless. Many copper stocks ns ,j DO f openei
at 1 p. ni. The moTements, when any wen
made, were downward. though there was tn
activity or concerted selling going on. Copper
appeared to be more in a waiting mood, bene
when couditions improve we look for coppers t.
advance strongly. The market closed stroni
but dull."
The fallowing list is furnished by E. F. Hut
j ton & Co., 490 California street. San Francisco
* Bid. Aak.l Bid. Aslr,
! Adventure .. 8 c,a 4 jQ,iincv B.! 84
-Mloie- 41 41V-. Shannon M-**i 14
Arcadian 2% 3 Santa Fe ".% **-V
Ariz Com ... Z% 4 Putted Shoo.. 51% 52
A P 4 4V, Do p rd 28% 28t
Do Pfd ... 22% 2.1 {Super & Bost. 114 If
Palaklala ... .".*._. 3%|f-_per Copper. 41 4.1
<al & Ariz.. 7s TS%J Tamarack .... 41 42
Cal dv Hecla.sss 5«0 'Trinity 4'i 5
Centennial .. IS 19 m 8 Mining. . 44U 441
Copper Range 551; ,v; ;po pfd 50 50v
Daly West... ::■*-, t Utah Apex ..2 1-16 2t
Fast Butte... 14L. 14-I'T'tah Ton ... 11. HI
Franklin .... 9 ft%JTic'oria 2 7-16 2*
Granby 72 7.1 (Wolverine ... 72? 721
Haocor_ .... _c '_>*v,,jWvandotte .. 1% I*"
Hel-retia 70 95 'Winona 4% 5
Isle Royale.. r. 4'". 31", tSreene Can... 9% 91
Indiana ..... 16% 17 IGirouv **•*>
Kerr l.ake .. 2% •_>:!, i> <.- (on 22t$ 22*.
Keweenaw .. 2 2 1 16"Algomab '1 "A
Take Copper. 28% 29 ißos &. Maine. 06y, 9.8
I.a Salle 5% tl fßos & A1bany.21.1%215
■''-< ion ... ti >l',Bos Kiev 1211.122
Mich Mln .. 2 '-'', Cnife.i Pratt..lßl 1941
Mohawk ... <**: 64 [Swift 107%107!
North Butte. Xi% :;.;:,.old Colony .. }U 9"
Nov Con ... 22% 22% Mayflower ... Ifili l«i
North Take.. .1 .".* '/in.- .10% .11
Old Dominion 58 58"_j Butte & Stipe* 46' 4»*i
Osceola lis 109 [1 C ~57 58
OJlbway — .",!'; To pf.l 87 88
• —— «
Boston Curb Stocks
♦— —-4
The following list is furnished hy E. F. Hut
ton & Co., 490 California street. San FTancisco
Bid. Ask.: Bid. Ask
Ariz A Mich. 5 10 (Majestic 42 44
Bohemia .... 2*4 •"• [Maaon Val .. 12 12*
Beaton Ely ..17 I'"> 1%-JVer Doug. .1 7-1H .1 9-1 <
Calaveras ... 0% B%|Oblo 1% l-*,
Cactus 8 9 loncco _% 2
Chief Con ... 1% Ic. shattuck Ariz. 3U' .11 "
Corbin 24 2*H {Hap & Globe. 5 IO
Chino 4tP t 4'i's South Take... 7 8
I>stls Paly.. 2 2%|"tJntted Verde. 52 55
Eagle & R B. 1 1% Searbouse ... 5 7
Ely Witch... 5 9 I New Baltic... 1% 1 t
Inspiration .. _»% 20 I Mich L't V{ 1%
Keystone .... I'-. I "V,i
« , . 4
i London Closing Stocks
Cons for money.. 75 v T.oui*v & Nash .. . .tsov.
Do for acct....- 75%|M, X ft Texas.... 2">»;
Anifil Copper .... 87%1N T Central 117-V,
Anaconda 8%) Nor talk & West. . .117"-.
Atchison 11 n rs-4 • Po pfd 91
Po pfd 10.M 4 f).|tario A- West... :',si
Ball A Ohio 1«9% Pennsylvania 6.1 V
Canadian Pac ...274 Hand Mines fiv
Cbea &- Ohio s*. • Reading RRi-
Chi Great West.. 19 [go Railway .IOV.
Chi. Mil & St diss.'; Do pfd 84
He Beers 211' ISo raciflc 11l
Den & Rio Grand 22%|Cnlon Paciflc 176 V
D» Pfd 41%] Do pfd 97V
B«*> • ■■" %,'T S Steel U§
»'-* lit Pfd 53% iDo pfd 115 V,
Do 2d pfd 44 !Wabash 4V
Grand Trunk 29***! Do pf'i 14V
111 central 121% l
Bar silver-Steady 29 1116.1 per ounce.
Money--.li / . J r,t.i-i; pPr cent.
The rate of discount in the open market foi
short hills is 4%@4*M per cent and for thro.
months' bills 4'_ '<• I !>■!<■ per cent.
North-west CTearlnan
PORTLAND. Dec. .I.—Clearings, $2,366,742
baJancea, $262,088,
SEATTLE. Dec. 3. Clearings, $2,541,581; bal
.iticos. $.'{«,;.t;is.
TACOMA. Dee. ::. -Clearings, $7.17,824; bal
ancos. $.''5.1150.
SPOKANE. Dec. .1--Clearings, $9.16.485; bal
ances. SIOS 710
lin bankers' hills at $4.8080 for sixty day bills
I and at $4.5405 for demand.
Commercial bills $_,{&%.
Bar rilver. 94% c;
Mexican dollars -49%_-.
Government bonds, steady; railroad bonds
heavy.
•-•'-tn*. Exchange and Silver
Bar silver, which has lw»cn moving upward foi
some time, had another sharp little advanc
yesterday, selling up to *A%C in New York
! The Louden pr jee was %d higher at. 29 11-16 d.
Commercial paper 5C</f! per ceni
; leans on real .-stale 51-.",--;■ 1; 1 \ per ceni
I Sterling exchange. 80 days — 6.4.80%
I Sterling exchange, demand.... —®4.84-%
I Sterling exchange, cablea — f-Ji4.BT>%
New *iork exchange, sight — fr" .01
j New "iork exchange, telegraphic —0 .0.1
Hongkong exchange, sight — (ft>. .50*14
Hongkong exchange, telegraphic —fr/! .50%
New "i ork silver, per ounce — Ifi: .64%
Loudon silver, pPr nunc* —@ 29 11-Did
•ONTINFNTAL
New 5 ork on Rails f. **0
New York on Mexico 2.flit;
Berlin on I.ondon 20.471..'
Paris on L0nd0n...." ' 2522
♦— , _______
fining Stocks
Very little business was transacted at the *
ocloek session of th- Bu s{, street mining ex
change yesterday morning, the call of the severs
Nevada groups goin* through in the same ob
humdrum and perfunctorr fashion. Two of tin
lesser sontheru Nevada issues were traded it
to the extent of 0.000 shares each, while tb<
total sales of the Comstocks were 600 shares
The dissatisfaction -,-lth the early opening anion?
tndera whose Interests lie chiefly in the Com
Meek group has i_-iren place to Indignation
owing to the failure of the governing body tt
heed the request ~f a majority of the member!
of the beard and restore the hour for the Com
stock call to 9:15. .Members of the board, to
get her with outside traders and investors wh<
want the old order of things restored, malntalr
that the calling of the Coma-took list at th
e—Her bonr is operating against the best In
terests of the market and every one concerned
As the telesraph office In Virginia City doet
not open until s o'clock, and the reports 01
assays and developments In the mlues f are not
received here until the middle of the forenoon
the early morning call of the Comstocks is j
farce, according to tbe disgruntled members
who are talking of forcing the governors of th<
exchange to act on their request for a later call
There were very few- firm spots In the market
yesterday, the prominent shares of all groupi
being weak, except [ v a fe w - isolated instances
The support given'the Comstocks and Tonopahi
on the preceding day was suddenly withdrawn
and as a consequence prices sagged. Sierr-
Nevada was the only firm feature of the nortl
end Comstocks. rising to 39e and closing firm
Mexican dropped back to $1.80. while Consoll
dated Virginia. Ophlr and Unlou were all le-wer
SAN FRANCISCO STOCK AND BOND EXCHANGE I
Conditions showed improvement on the San Francisco Stock and B*~>nd ex
change yesterday with active trading in a number of securities. Associated cm
stock was in the greatest demand, the sales being 375 shares during the morn
ing session and 105 during the afternoon. It* opened at $44. went to $44.1-■*
and then reacted to $44. This stock continues' to show a slight weakness.
Southern Pacific Railroad company first refunding 4s were an eighth strong
er. $14,000 selling at $93.87%. Spring Valley continued firm yesterdaj. One
hundred and sixty-eight shares were traded at $63, then 25 went at $6_.-_ ana
closed with 75 at $64, which was the high for Monday.
There was also considerable trading in sugar stocks with the prices le
maining about the same. The total transactions of the exchange yesterday in
the listed securities were 1,053 shares and bonds of $75,000 par value.
The transactions in the unlisted department were featureless. A block or
200 shares of People's Water common sold at $4 and five Western Pacific common
sold at $10.
LISTED SECURITIES
SALES DECEMBER 3, 1912
Morning Session Afternoon Session
Board— Board—
205 Associated Oil Co 44.00 100 Associated Oil Co tie-,'
95 Associated Oil Co 44.12% 5 Associated Oil Co, 8 00 _?•___'■
75 Associated Oil Co. b 30 44.25 5 Hawaiian Coml „ Sugar... *?**••_<
2.1 Hawaiian Sugar Co 36.00 17*-. Hutchinson Sugar Plantation... W.WB
25 Hutchinson Sugar Plantation... 16.25 25 Spring Valley Water Co b.5.7^
45 Paauhau Sugar Plantation Co.. 18.50 75 Spring Valley Water C 0........ «•««
lfiß Spring Valley Water Co 63.00 $4,000 Cal Gas ft Electric unifying ss. 9j•-««■*
$1,000 Oakland Water Co 5s 95.50 $6,000 California St Table 5s _"-__'2
$5,000 People's "Water Co 5* 5i.75 $1,000 Contra Costa Wat gen mtge cs. M.SO
$1,000 People's Water Co ss, cash 81.75 $2,000 Market St Ry Ist lan 5s 93.50
$5,000 S p R RCo Ist ref 4s 93.87% $1,000 Natonias*Cou of Cal 6s. ZJL„„
$1,000 Spring Val Wat gen mtge 45.. 03.121. $2.'J00 Paciflc Gas & Electric 5s JS'itiTf
$5,000 Valley Counties Power Co 55...100.25 $5,000 Paciflc Tel & Tel 5s [T: '-- *•
$10,000 Cal Gas ft Electric unifying ss. 95.37% $S,OOO United R R of S F 4s W-IS
Street — Street—
$2.000 Pacific Electric Rr 5s 104.50 10 Arinsby Co of N V (pfdl 'x'"!!-.
$5,000 Paciflc Tel & Tei 5s 00.50 $5,000 Cal Gas & Electric unifying os. 9_-.3.'_
$0,000 S P R R Co Ist ref 4s 93.871.
CLOSING QUOTATIONS
BONDS ! Bid. _4k.1 _. Bld - *"_
U. S. Bonds— Bid. Ask.-Oakland Transit Co 6*.lofi'_ — [Cal Wine Assn pM-- - sI J
4s quar coup (new).ll3'-. — Do 5s — 10#J_ !*•> common 40*_ —
3s quarterly coupon.. — — Do Con 5s — 103 1I dv Pont .le N pfd. — --
Miscellaneous Bonds— Oakland Trac Con ss. 9*T% — | Do common — -*■-
Alameda Artes W ss. — 98 'Oakland Trac Co ss. 91% — ! Fireman's fund Ins. ..2.-1 —
Associated Oil Co 55.100*4 — [Oakland Water gtd 5s 95' 4 — ! First Nat Bank of S F-;-"*-. —
Bay Counties Pow ss. — 101% Omnibus Cable Rv 6s. 102',. — jC.erman Say ft Loan..ilon
Cal Cent Gas &El ss. — 103 Oro Electric Corp 6s. 984 98. Giant Powder Con 10.» —
Cal El gen ss, ser A 88% — IPaciflc Gas Imp 45.. 89% — [Hawaiian Coml & Sug. 34% ;-
Cal G&EI gm & ctss.lolV' — Paciflc Gas & Elec ss. 90% 90%' Hawaiian Sugar C 0... 06 38
Do unifying 5s 95' 4 — Pacific Electric Rv ss. 103% — Honokaa Sugar Co i iw
C-ilifornla St Cable 58.101 — Paciflc Light & P ss. 96% -- 'Humboldt Savings Bk. —• MO
California Wine 55.. 06V. — ' Do guaranteed 55.. 9»'«.loOi' Hutchinson Sug Plant. 16 lb'.
Cent Cal Traction ss. — — iPaeiflc Tel & Tel ss. 99% 99'_ Kilauea Sugar Plant. 12 ■—
city Electric co 55.. — 88 !Park & Cliff H R.r Cs 90% — jMarln County Water.. 51 -.4.
Coast Counties LAP 5s 94% — 'Park & Ocean R R Os.lOO — Mercantile Nat Bank. — -40
Contra Costa Wat ss. 98V.100 People's Water Co ss. 81% 81% Mill Val & MtTmsßy — —
Do gen mtge 5s 94% — Sac El. Gas &Ry ss. — 103% (Mutual Savings Bank. .5 <g»
Edison El of L A ss. — 102% Sa# ft Woodland Rss 95*-i — North Alaska Salmon. — IZZ%_
Edison Ught & P 65.105 — S Joaquin Lt & P ss. 9ft%100 N Cal Power Co Con. —• 39
X I duPont Pwdr 4»_B — 93*7.' Po Cor Rs, series A.IOIM-ian Onopea Sugar Co 31% •—
First Federal Trst 55.100% — S p Electric Ry 55.. — 90 Oro Electric Corp pfd. TZ <♦>
Ferries & Cliff H R65.100% — l.SF.Napa & Calls R fis. 102% -- ! Do common ,s **
Great Western Pow 5s 87 87% SF. Oak &S J Ryss. — 103%'0r0 Water. Light &P* *"V_V ~"
Haw Com! & Sug 55.102 103% Do 2d mtge 5s 92% 95>_'Paauhau Sugar Plant. mj% —
Honolulu RT & L fi5.105% — Do Con Ry 5s — 95%!Pac Anx Fire Alarm 2% --
I.ake Tahoe R& T ss. — 97 SJft S Clara R 4%s 84 — Pac Coast Borax pfd.ioo -Aio
r-ong Beach C Gas fis.KK) — Santa BarbaraGftElfis.lol% — ' Po common '"-J".
Los Angeles |>ii ss. —- 101 Sierra Rv of Cal 65.. — — Paciflc Coast Casualty. — _"»
Los Ang Gas „El 55.100 101 !SPRR of C 1 c g ss. 93% 93% Pacific Crude Oil G»-. — «*
Po Corp 5s 98 08%'SPBranch Rof Cal 6s. 126 — Paciflc Light Corp pfd — SO
Los Angeles Rv 55.. — 107 jS P R R Ist ref 4s. 93% 94 Do common . . .10\> —
Do Corp 55.. 97% — IS Val Wat gen m 4s. 93 93% Paciflc Tel ft Tel pfd. ■— —-
Ix>s Ang Light s td ss. 100 — Il'nlted Gas & Elec ss. 99% -- j Do common ... 48 49"* 4
L A-Pac R R Icm 5*104 — [United RRof S P 4s. 68% fiO 'People's Water Co pfd. OS% —
L A Pac ItR of ral 5s — 100 Va! Counties Pow 55.100 — Philippine TelA-T Corp 25% —
Marin Wat & Pow ss. 99*-. - I STOCKS (Realty Syndicate -..|_«j4 —
Market St Cahle 6«..100 — lAlaska Packers' Assn. 8»% 90% Savings I"n Bk ft Ty-**'** ~
Oo Ist con mtge ss. 93% — [Amalgamated Oil Co. 80 82 'Security Savings 8ank.340 100
Mid Counties G&EI 6s 99% — American Nat 8ank..130% -- 8 F Oak Ter Rys.A pfd 73 TO
Mill Val & MtTmßss.lOO — Anglo-Cal Trust C 0...125 — 'Spring Val Water Co. b3% <*4** 8
Natomas Con of Cal 6s 94% — I Anglo & Lon P Bank.ls3V. 157 % Sterling Oil ft Dev..1.10 —
Nor Rv Co of Cal ss. — 1121'lArmsbv Co of NY pfd.lol — Union Oil Co of Cal.. — —
Nor Cal Rv 5s 107%_0S%'Associated Oil Co 43% 44 ll'nlon Provident Co.. — —
Nor Cal Power Co 55.101 — 'Bank of Cal, N A...202% — 'United Petroleum Co.. — —
Do Con 5s - 901.-, California St RR 124% — Union Sugar Co .___■ —
No r Electric Co 55.. 95% 97 leal Fruit Canners 117%120 lUniou Trust Co 2500 —
Oakland Gas. L&H ss.lOO*_lol%'C»l Ins Co 'par $40). — 75 |West Coast Oil pfd.. SO —
I NLISTED SECriUT.ES
SALES DECEMBER 3, 1912
70 Mascot Copper 2.12% 200 People's Water (common) 4.00
40 Oro Development Co 43.00 10 Poulsen Wireless .",7.00
5 Paciflc Gas & Electric (pfd) 91.50 5 Western Pacific Ry 10.00
5 Paciflc Gas „ Electric (com)... 65.75 $1,000 Bay Counties Power 2d 6s 101.50
The following are the latest quotations for unlisted securities on the San
Francisco Stock and Bond exchange:
BONDS I Bid. A«k.l ** BM- Ask.
Bid. Ask. Sutter St Ry fis — 08 Northern Electric 80 "0
Alaska Tackers fis... 104% — iSperry Flour 6s 99% Oakland Bank of Say. — 2*2-.
*.mer River Elec sp. 97% — Truckee Lumber 65.. — 97%] Oakland Traction pfd. — <8
Associated Oil Ist ref — 92% United Light & P fis. — 90 Do common 30 40
Bay Counties Wat 65.101 — United Properties ss. 50 65 Ocean Shore RJ------ — ?»
Blue Lake Water 6s. 102% — I Do debenture fis 10 15 Oak, Antioch & E — 12%
Ca! Northwestern ss. . 103' A 10.'?% : West Mtz & Guaranty — P>B Oak & Antiochßy -4
Coast Val G&.EI IstOs.lOO 101 Western Paciflc Ry 5s — 841' Oro Development Co.. 43 —
Gen Petroleum bonds. — 69'.,iYosemlte Valley R ss. — 87 Orpheum stock 19% -t>
Honolulu Plant .is. . .10l%101%! STOCKS Owl Dru ? common .96 —
Hunt Land ft Imp 6s. — 101 Alameda Sugar — 21%jPac Coast Borax <old). 20." --
Monterey & P Grv fis. — 94 August Oil — 20c Pacific Hard ft 8 pfd. — 9.>
Mutual Electric 55... 97 — Bank of San Jose.... — 170 Do common ....... lt —
Miller & Lux 5s 99% — Buffalo Brewing Co.. — 110 Paciflc Port Cement.. -- ...
Mt Whitnev Pow 6s. —■ 101% Cal Cotton Mills 62% 70 Pacific Gas & Elec pfd 91%
Nntooias I>ev 6s 100 — Chl State Life Ins... 19% — Do common *»% •*•)■<_
Do Land & Mln 6s. 99% — Cal Pacific Title pfd. — 100 Palace Hotel stock.... — 80
Do 2d mtge 6s — 68 Cal Electric gen pfd. 78% — * 'People's Water com % 4
Nor Cal Pow deb 6s. — 96 jt'entral Cal Traction. 10 14% Pet & Santa Rosa Ry. 20% —
Nor West Elec (subs).los 115 Central N B of 0ak.155 — :Portuguese-Anie r Bank — 61
Oceanic Steamship ss. — 100 [Central Trust 116 — P«- I » i '-?_ W '_*--'' s _ •••• _£?♦ ~
Oak ft Antioch Ry ss. 82% 85' Cjpress Lawn ?%.— ? , _ f ' 1 ?i de -9 P _ oe - > 5. •*** K« —
Oro Water L& P fis.lOo%lo:;%!Fren«-h-Amerlean Bnk. 9. 100 Schmidt Litho C 0.... 15 —
Oakland Gas UH 65.11 l — jGeneral Petroleum ... 32. 334 Sacramento Hotel — 10
Orpheum fis — 102%' Hawaiian Pineapple.. 43 — Standard Cement — 22%
Paciflc Port cement6s. 100 — lllonolulu Plantation.. 32 — San Francisco Secur.. — 50
Palace Hotel fis — 104 IHonolulu Oil — I.3o'San Joaquin Ught &P 1« 20
Pet ft Santa Rosa ss. 93% 95 Italian-American Bnk. — -- Santa Cruz Cement 80 —
Do fis . 90 95 [Kern Land Co 180 — Sperry Flour 27 31
Philippine Tel 55.... S3 83% Key Route pfd 84% — Do preferred ~ 101
p 0 6s 97 — Do common — 22 I nion Ice Co 55 — ■
Riverside Cement fis. . — 80 Mascot Copper 2% 2%' Vulcan Fire Insurance. 13% —
SFft S Joaquin Vss. — 111 IMcßride Sugar 9 — Weed Lumber Co 11l 115%
SF ft Nor Paciflc ss. — 103**" Metropolis Trust 70 — Western Pacific Ry... 9% 10
Sierra &S F Pow sfl — 97|[_[Mntson Navigation ...120 — Wells Fargo Bank.... — 185
Standard Cement 65.. 92 — Mechanics' Savings... 75 - West Coast Life Ins.. — 284%
Standard Electric ss. 92 — Merchants' Nat Bank. 55 - - West Sacto Ijjnd Co. 55 —
S F Gas & Flee 4t_s — 94 Noble Electric — 20 Western Amer Bank. 12 13%
' Po non callable ... 92 92% Nat Ice ft 0 Storage. — 70 West Metropolis Bank. — 87%
Santa Cruz Cement 6s *7% — Natomas Consolidated — 13 Western Meat Co — 106%
South Cal Edison 5« 97 100 Nor West Electric... 30 — [Western States Ufe.. 11% 12%
South Yuba Water fis. 105 107%'Oahu Sugar 24%-- !Western Power pfd.. 56 58
South Pacific Coast 4s 93 — I Do Railway 135 140 j Do common 25 28
. —„• u--.» T_ __ 10___!
Belmont, the leader of the Tonopah*. dls
played firmness, 800 shares selling at $8.60, f
sharp advance. The stock closed at $8.50. sale!
and bid. Tonopah Merger opened firm at SOt
bid. but the execution of several selling ordert
put a kink In the price, which declined to 7.(
at the first informal session. The stock recov
ered a portion of the loss later. TA est End
Jim Butler and North Star were lower, whilt
the others were easy at about previous prices.
Goldfield consolidated, though weak In Nev,
York had a steady tone locally, opening arrr
closing at $1.95,. with 300 shares selling at t
small advance in the Interim. Tbe lesser Gold
fields ---ere dull and featureless.
The annual meeting of stock holders of tn<
Mexican Mining company was held at yie loca
offices of the company yesterday afternoon, -
total of 180.353 shares being represented. Ther*
was no opposition to the old board of directors
which was re-elected. H. L. Slosson Jr. am
John Landers were re-elected president and v!c<
president respcctivelv and Charles D. Olney was
•hosen secretary. The secretary's statement foi
the fiscal rear ending with October showed bul
lion unsold to the value of $29,820.97 and t
cash balance of $40,226.70. The report of Su
perintendent Whitman Sytnmes was a favor
able one.
The annual meeting of the Bullion company
was held, and William Barman, B. F. Shaw
A. F. Coffin. Herman Zadig and Fred W. Had
ley were elected directors. William Barman wm
elected president. B. F. Shaw vice president an.
E. G. Fisher secretary.
Shipments of ore from the mines of the Tono
pah di-Trlrt last week amounted to 10.400 tons
the estimated value being $260,000. The Tono
pah Mining company sent 3.700 tons to th*
mills Belmont 2-92-L Montana 1.000. Tonopal
Extension 1.050, West End SOO. MacNamara 417
ii,o Rntler .'too and Tonopah Merger 200 tons.
SAX FRANCISCO STOCK EXCHANGE
Following were the sales on the San Francisco
Stock exchange yesterday:
Regular Morning Session
2000 Atlanta 14 2ftO Inion Con 35
2000 Cash Boy 05] 100 Union Con 32
200 Seg Belcher .. 10| 200 West End 1.40
100 Sierra Nev ... 3"*'
Afternoon Session
800 Belmont S.fiO 200 Nev Hills 1.45
100 Caledonia 79' KOO Nev Hills 1.40
2400 Cash Bor Os|iooo North Star ... 20
400 Cent Eureka.. .105000 North Star ... 25
100 Con Va M 87 100 fiecidental 75
100 Con Va M 18! 400 Ophlr 40
2000 Dmd B Butte. 04' 500 Rescue F.ula .. 14
200 Gld Con M...1.95 100 Sierra Nev ... 38
.100 Gld Con M.1.971-. 500 Sierra Nev ... .17
2000 <-|,i Merger M. 25'inoo Ton Merger ... 80
1000 Gld Merger M. _* 500 Ton Merger ... 78
200 Jim Butler .. 57 500 Ton Merger ... 77
400 Jumbo Ex ... 28! 1300 Ton Merger ... 70
100 Mexican 1.R013000 Tramp Con .. 02
200 Mlzpah Ex .. 85] 100 Union Con 32
100 Mlzpah Fx .. '"4 500 Inion Con 31
4000 Mon Pitts Fx. 15] 900 I'nion Con 30
4000 Mustang Ex-.. OT 200 West End .—.17%
Infornie' -"esslon
500 Atlanta 15:2000 l,©ne. Star Con. ,04
1900 Atlanta 14 500 Man Big Four. 50
lot. Belmont 8.:"*O'1O0O Midway 3.1
400 Best & Belch. 05i2000 North Star .. . 2".
1000 Boston Ton .. O.T 300 Ophlr .18
100 Cent Eureka.. 273000 Rescue E. h.lO 14
500 Con Va M ... 37' .".00 Sierra Nev ... .18
100 Crown Point.. 41' 200 Sierra Nev ... 37
200 Crown Point.. 4_ 500 So Eureka M.2.50
200 Jim Butler .. 572500 Ton Merger ... 79
2000 Jumbo Ex .. '_7Uoo Ttah 00
1000 Do. b 30... _ftj 35 Yellow Jacket. 30
100 Kentu.lt Con.. 041
CLOSING QUOTATIONS
CALIFORNIA
Bld.Ask.' Bid.Ask.
Cent Eureka.. 27 28>Keane Wonder. 25 —
NEVADA
Comstocks
Bld.Ask.. Bid, Ask.
Alpha 02 04'.Tulia Con — 03
Alta — 05'Jnstlce 02 05
Andes 05 OfiiKentucfc Con.. 03 05
Belcher 24 27iMex!ean 1.80 1.85
Best & Belch. 05 06 Occidental 70 —
Bruns Chollar. 12 —'Ophlr 37 38
Brim? Potosi.. 11 —lOvermaa — 50
Bullion 02 Op'Potnsi 03 04
Caledonia — SOlSavage Oft 10
Challenge 07 lOtSeg Beloh->r .. 10 11
Chollar ...... 02 04'Scorplon 00 10
Confidence ... —- 44ISierra Nev ... 3« 37
Con Va M 87 381 Silver Hill ... Ot -
Con Imperial.. 60 03 St Louis — 02
Crown Point.. 40 45Tnion Con 2*f» 50
Exchequer ... 02 04TJtah 05 07
Goul,] & Cur. 0t 02! West Con V«. 21 —
Hale & Norc. 09 lOiYellow Jacket. 30 -
Tonopah "Ojstr'et
Belmont 8.50 S.s2:Mon Pitts Ex. 19 20
Boston Ton .. 03 041.North Star ... 24 25
Cash Boy .... 08 Ofi Rescue r-*U.a .. 18 14
Grt West Con 01 02iTon Extcn ...2.35 —
Halifax 1.00 -Ton Gypsy Qn. 06 07
Jim Butler .. 57 59' Ton Merger ... 79 80
MacNamara .. 18 lOlTon of Nev,..6.37 —-
Midway 33 * 34iTo n 70 Con... — 17
Mizpah Ei .. 60 fillFmatllla 02 OB
Montana 1.97 2.oo;West Eud 1.35 1.40
Goldflehi District
Adams — OTGId Portland.. -- 01
Atlanta 14 15'GId Kewanas.. 04 c.-,
Blue Bell ... 01 02'Gld Merger M. 25 26
Blue Bull ... Of, 07 Grandma 01 02
Booth 04 05 t;real Bond ..01 02
COD 05 OSjGrt Bend Anx. — 01
Columbia ML. 02 o.l,Grt Bend Ex.. — 01
Com Fraction. 08 OO.lumbo Et .... 27 28
Conqueror Con — O] i»ne star Con. 01 04
Cracker Jack. — 01|Oro O-. 04
Dmd B Butte Red Hills 01 02
(reorganized! 03 ot Red Top Ex.. — 01
Dmdfld Daisy. — 04! Sandstorm Ken 01 «.•>
Florence 64 65 Silver Pick Con 05 Ort
■•"-ranees Mhk.. 01 —Spearhead Gold 01 04
Gold Bar Gld. 05 -St* Ives ,10 —-
Gld Bulldog... 02 01; Vernal 07 10
Gld Con M...1.92 1.95,Ye110w Tiger.. 02 03
Bullfrog District
Bonnie Clare.. 01 —iTrarap Coil .. — 03
Mayflower Con 01 02]
Manhattan District
Dexter Criion. 02 OSIMIn Hill Con.. — 01
Gold Wedge... 09 PVMornlng Glory. 0.1 04
Man Big Four 49 5! Mustang Man.. 02 03
Man Amalgam 04 05iMtistang Ex .. 01 02
Man Con 10 listrav Doj ... — 03
Man Dexter .. 0.1 04Thanksgiving.. — 03
Man W Caps. OS 10'
other blstrhts
Atlas Wonder. — lOlPltts S Peak.. 75 —
Buckhorn Mln. 70 - !Ramsev 70
Eagles Nest.. 02 O.llßaw Coalition. — Oi
Falrvw Q Bid 02 o.l'Round Mt 33 35
Nev Hills ...1.15 1.17 ! Yellow Pine... 10 15
Oil Stocks
SAN FRANCISCO STOCK EXCHANGE !
Bid. Ask. Bid. Ask. I
Asso Oil ..44.00 44.-50; Nat Paciflc.. _ 04
Bay City .. — 70 New Pa Pet .VI
Caribou 90 — Palmer 18 19
Clarcmont.. 55 00 Republic ... 15
Coa! Central 2') — Saner Dough. —- 1.50
De Luxe ... 70 —Silver Tip... 50
Empire 35 —I*l W & 8... 15
Lucile -— B.oo'Sunset Mon.. — 1.10
Maricopa .10. 32 --Turner 80 90
McKlttrlck.. 09 —]W Coast pfd.Ss.oo
Monte Crlsto — 90! \v KOH Co. 1.00 —
SALES
11:15 a. m.—
100 Monte Crlsto 9%
100 Monte Crlsto 00
Informal—
200 New Pennsylvania 53
LOS ANGELES OIL EXCHANGE
Special Dispatch to The Call
LOS ANGELES. Dec. 3.—Business was almost
at an utter standstill this morning on the
I-op Angeles Stock exchange. The sales of two
10 share blocks of Associated constituted the
total of the lightest morning's business that the
exchange has experienced in weeks. The call:
Producers— Bid. Ask.
Amalgamated Oil Co 80.50 82.50
American Crude Oil Co — 30.00
American Petroleum Co ipfdi. 50.00 75.00
American Petroleum Co loom) 60.00 51 00
Associated Oil Co 43.82% —
Brookshire Oil Co _ .fso
California Midway Oil Co 15 —
Central 1.10 i..m
Enos Oil Co 04 .o»;
Globe Oil Co 92 .05%
Jade Oil Co .07% — '
Chicago Grain and Provision Future*
(Furnished by E. F. Hutton i Co.. 490 California Street.!
CHICAGO. Dec. 3.—The leading futures ranged as follows:
Wheat — opeo High Low Close Dec. 2 Tear ago
December $0.83% $0.81% $0.81% $O.S4U $0.84 $0 94-.
May 00 .90% .»% .90% .90 V,t.
July 87% .88% .87. .87% .87% '.M%
Corn—
December 48% .48% .48'; .48% .48% H2_
May 48% .48% .48i t .48% .b^V
July 49% .49% .49% .49% .49% .63%
Oats —
December 31% .31%.- ..11% .31% ..10% 471:
May ---'*S .» -12% -31 .12% .49%
July •■ --"• -•-•-■' l -32% .33% .32*, .49*2
Pork —
January 19.15 19 17. 19.27% 19.27U - 19.37% 10 70 >
May Is-;:, is.To" 18.00 18/00 19.70 16_*0
Lard —
January 10.6*2% lore 14.57% 10.571.'. 10.05 9 05
May 10.22% 19.22% 10.17% 10.17. 10.23 _•!__
Short Ribs —
January 10.25 10.27% 10,22% J0.22% 8 22 •..
May _ 9.92'j 9.95 9.91) 0.90 '.'< . s. .7 -.1
_ _- ,
SUMMARY OF
THE MARKETS
Wall street disturbed by several
unfavorable factors.
Uncertain status of Harriman
stocks causes decline. .._ _
Cotton futures receive good, bull
ish support.
"Weak spot situation against cof
fee msrket.
Copper shares act easy In await-
It.s market.
Support withdrawn from local
mining market.
Bar silver continues on Its upward
course.
Good buying steadies wheat la
Chicago pit.
Wheat and other grains quiet lo
cally.
Barley options displaying easl-
ness.
Weaker tendency noted in hay
market.
Speculative trade in beans at a
standstill.
Low grades of bops being bought
freely.
Dressed meat and poultry mar-
kets weak.
Further small declines in fresh
egg".
Humboldt butter shipments de
layed.
Potatoes and onions dull and
weak.
No diminution In stocks of ap
ples.
Large sizes of prunes remain Arm.
Naphtha and motor gasoline lower.
Mascot Oil Co — -75
Mexican Pet Ltd (pf.L 101.50 103.00
National Paciflc Oil Co 02 .02.
Olinda Land Co (oil? 36% .41
Pennsylvania Midway Oil Co. .07%
Rice Ranch Oil Co 1.10 1.21
Traders' Oil Co 66.00 71.00
Un lon SB.OO —
Union Prov Co 103.50 104.50*
United Pet Co 101.00 106.00
United Oil Co 36% .3Si>4,
West Coast Oil (pfd. 70.00 —
Western Union 62.50 90.00
White Star Oil Co 10.00 —
SALES
Afternoon Session
15 Union 92.50
100 Inion 91.75
2,000 Jade 07%
30 Union Prov 103._5
Grain Market
Wheat and Other Gratna
Wheat —The local spot market continues quiet
and easy at the familiar quotations, with all
handlers reporting business merely of fair vo|.
nme at the best. Futures have shown some
little activity of late in the local pit. Chicago
was higher yesterday, with the market purely a
technical speculative affair.
CASH WHEAT
California white Australian, nominal: Califor
nia club, $L47 1^., ai.50 per ctl: northern club.
$1.47%©1.60: Turkey red. $1.5501.57%: Rus
siaa red, $1.45*81.47%; forty-fold, $1.9001.52%;
bluestem. $1.5501.57%.
FCTCRES
No trading. December closed at $1.43% bid
for California and $1.82 bid for northern.
Barley—The options opened steady In a dull
and narrow market yesterday morning, but they
weakened perceptibly in the late trading. After
a few sales in Deeeratier were recorded at $1.44,
business in that contract fell flat. May. 191.1,
opened at $1.40 and scored a fractional advance,
but weakened and receded to $1.89% at the
close, December, 191.1, soi.l at $1.30, "The spot
market was quiet and easy, but there were no
further declines in prices.
CASH BARLEY
Choice feed. $1.47% per Ctl: No. 1 do. $1.44-?!!
1.45; lower grades, $1.40_.1.42%: shipping and
brewing, $1.52%@1.57%: chevalier, nominal.
FT"TCRES
11:30 a. ni. Session
December sold at $1.44, aud May. 1911. at
I $1.4001.40%. M
5 p. m. Session
Mar, 191,1—51..19% for opening and high and
$1.39% for low and closing.
December—No sales; $1.4.1% bid, $1.45%
asked.
Oats—White feed and red seed are firmly held
at the quotations established recently, but the
market continues dull. Red for seed. $1.75@
2.10. Including recleaned: spot white feed, $1.55
01.57%; black seed. $1.90r-";2.25.
Corn — Eastern, nominal; Egyptian, ft.050
1.72% per ctl.
" Rye is quoted at $L45*g1.47% for California
and $1.40 for northern.
Foreign Futures ____
LIVERPOOL •**
Wheat— Dec. March. Mar. "
Opening 7 2% 7 2% 7 1".
Closing 7 2i_ 7 2% 7 1%
PARIS
Wheat— Dec. Mar.-June
Opening $1.44% $1.40%
Closing 1.4.1% 1.40
Flour, per barrel— Dec. Jan. Feb.
Opening $6..11 $8.14
Closing 6.29 6.U
Stocks of Grain
Henry C. Bunker, chief grain Inspector of the
Chamber of Commerce, reports the stocks of
grain In regular warehouses and on wharves De
cember 1 as follows:
Wheat (tons) —Port Costa. 5,771: Stockton.
7.607; city, 2.895; total. 16.271 against 15,333
on the corresponding date In 1911.
Barley (ton)— Port Costa. 14,15": Stockton.
14.94.1; city, C.390; total, 52.488 against 85.939
a year ago.
Stocks of oats on the first of the month wr*
2.29.1 tons against .1,45.1 on the corresponding date
in 1911, and there were 10 tons of corn and ISO
tons of bran against 202 and 25. respectively,
last year. Stocks of beans showed a large in
crease, being 2-10,116 sai ks against 206.172 la«t
year.
Receipts at San Francisco in November were
25.440 tons wheat. 30.138 tons barley, 3.194 tons
oats, 401 tons corn, 1,621 tons bran. 9,007 ton
hay and 146,4.12 Backs beans. t
CHICAGO BOARD OF TRADE
CHICAGO, Dec. 3.— E. F. Huttnn * Co.'-. w |r«
says:
"Wheat—Technical speculative conditions hare
outweighed all others In today's wheat market.
There is evidently a large short interest which
has arrived at the point where It is in n" po
sition to make a determined fight. Meanwhile
there has evidently been slow but persistent ,-.b
sorption of wheat on dips below 90c for May
that has left the market well drained of a
floating snppl.v. Yesterday's deliveries of cash
wheat have evidently gone the way of the fu
tures, absorbed by competent buyers. December
delivery has been relatively the weakest here
and the strongest elsewhere of any of the fu
tures, rallying here toward the last. Its dis
count under May here at one time was t'.
6*740.
"Kansas City reports that elevators that .b
livered wheat oni yesterday have tried to get
it back since, but found 250.000 of the fIOO.OOO
bushels taken by millers. War news has been
Ineffectual today, the v*cakno.,s of the European
grain markets being discouraging to alarming
reports circulated early. Prospects are for an
armistice agreement today. One of the peculiar!
tie* of the market today has been the infre
quent and fractional reactions from any given
point. Northwestern receipts have again been
larger than last year. but. show a falling on*
from last week. This Is partially due to rail
road desires to clean up. following the rush be
fore the dosing of lake navigation. Milling de
mand here poor. No cash sales reported. North
west reports a broad general milling call with
prices firm. Southwestern prices firmer. 9
"Corn —Started Just a shade easier but ral
lied even more promptly than wheat and closed
steady with rather slow" gains thereafter. As in
wheat, the gain appeared to be due to strictly
speculative conditions in the pit. Several large
and many smaller shorts covered In whole or In
part and bullish local speculators and commis
sion house investors bought and helped the
bulge along. Cash concerns report largely In
creased offerings of new corn from lowa and
local shipping concerns report that eastern de
mand is very slim, Buffalo corn underselling
that offered here. Illinois offerings here have
gained materially but not equal to the gain
from lowa. Shipping sales reported 75,000.
Liverpool weak with spot there lower.
"Oats —Oats followed otter grains, making
best price toward the close. Elevators and ship
pers bought the nearby deliveries. Aagentine
exportable surplus estimated 100.000 bnshels. by
far the largest ever heard of there, and, in fact,
larger than any former crop. Shipping sales re
ported 255.000.
■'Provisions — Lower all around daring the
greater part of the day. Yesterday's closing
bulge evidently discounted the showing of much
smaller world's stocks of lard than expe. •
Hog receipts here and west large, with today's
run west 133.500. against 128.373 last year.
Trade fairly large. Selling mostly local."
>
f'H-h Grnln and Provlalnnn
CHICAGO. Dec. s.—Cash quotations were as
follows: Flour, steady. Rye. No. 2, 62c. Bar
ley, feed or mixing, 42(<|490: fair to choice malt
ing. 57(g71c. Timothy seed. $3@3.90. Clover
