Newspaper Page Text
BUSINESS, COMMERCIAL AND FINANCIAL SECTION
16
DISSOLUTION PLAN
MAKES NO HEADWAY
Conference Between U. P.
and S. P. Committees Ends
Without an Agreement
Big Copper Combination Is
Planned and Will Include
Giroux Interests
(Spe-Mal Dispatch to The Call)'
XEW YORK. May 22.—Another con
ference was held today between Union
Pacific and- Southern Pacific special
committees which have the dissolution
problem in charge. After the confer
ence the members of the committees
said that no . agreement 7 liad v been
reached; that 'no- appointment '/".'i had
been made with the attorney general
for any conference with; him and that
the efforts to work out a new dissolu
tion plan have so far been; practically
fruitless. x't£Mmßßspj&BßQßElfHz' .* 'J"r* *
B. S. Lovett. chairman of the Ijnion
Pacific, who has been; looking after,the
interests of his company ■in . all; of ■ the
proposed dissolution'plans,* is spending
•several days >at his country home on
the advice •" of; his physician. ->: He is f re
covering *• from an .attack of * influenza:
In the. strength 'of- the copper metal
market is seen the reason iwhy Amal
gamated * Copper, has ** failed', to c-'break
below 72%. In the Oast three weeks
the stock has sold down to" that price
a number of times,' regularly ; it re
bounded to a better-price.-« "-
The Giroux ; Consolidated ; Copper
company is to be the 7nucleus;- of , an
$8,000,000 combination,. which is also
to have a $3,500,000, bond :< issue. The
merger will, take in ; the Copper Mines
company, the Chainman' Consolidated
Copper company, owned by "Vv*.. B.
Thompson, and,the Butte and; Ely, con
trolled by Qlroux. { *
There will be 400.000 shares at 7s"o
par value. The bonds:will be convert
ible into stock.-The present capacity, is
1,500.000 shares at $5.7 Under) the plan
Gtroux stock holders will be allotted
150.000 from the 400. shares, while
175.000 shares will be for conversion
purposes.
* # *
C.-W. POWER CO. STATEMENT'- '
v Most encouraging is the progress
shown in the statements of earnings
and expenses of , the- Great Western
Power company system for the month
of April and for the four months end
ing April 30, issued yesterday.' ;; For
both the month and the -four months
substantial increases are shown in sur
pluses over- the corresponding periods
in 1912. i The 'statements follow: '■■■[
APRIL. 1913
Cross operating income .::;.....'.. . $22.1.1 "7"..72
Operating*expenses and taxes.'....;.. 67.767.91 i
Net operating 1nc0me........'......5157,303.81
Other Income .... 12.890.54 ■
Net income from - all sources .. $170.10fi.3."» i
Bond 1ntere5t.......... .......... 93,108.33*
Surplus for month of April, 1013... f7.">.055.02
■1912. ■---.
Surplus for month of April. 1912 .:.;. $45,604:45
Increase. 1913. nrn 1912.V........:.. 29.423.57
FOUR MONTHS ENDING APRIL "0. 1013 »
Gross operating inc0me..........;., .$862,104.72
operating expenses and taxes;...;... 288,131.13
Net operating income. .'.5573,973.59
Other inc0me........................ 53,284.88
Net income from all sources .'..- 029,258.43 i
Bond interest i 378,134.71
Surplus for four months 'ending
- April 00, 1913.... ......;.. .$231,123.74
"■*■■-- •.*- ; 1912,,7... .. ;„.; ..;•-.,, ,~
Surplus for. four months ending April
98. 1912 .-.;. -...-.... 8175.677.88
Increase,.l9l3, _?er 1912,.,.,.;.;.'_.. .73,413.85
XX #*?;"-' * *C- v#';*.:* ;*-•-.; ' ■,:;■
SEGREGATION" OF SERVICE
- The suburban .electric'lines of the
Southern Pacific in Oakland.- Alameda
and Berkeley are to be separated as an
operating"*; organization from the; steam
lines about,the*. bay. The ichange! will
go Into effect on or.before.June. 1. The
•separation will be complete, with dif
ferent officers ;at 7 the head of each
branch of the service.— . .--.. .^.ir... ;r i
It is .the intention of - the -Southern
Pacific by this segregation 7to consoli
date the suburban service' into a unit
under special officers, 1 who jj can J devote
their time exclusively to electric traffic
problems and afford-the rapidly.* grow
ing communities about,the bay;full.and
adequate service." The Southern Pa
cific has 45 miles of electric trains now
running in this territory. *'** ,- -- ;
■ ." , ,' * * * '■"■ :' -v
SUBSTITUTION- OF COLLATERAL.
The Oregon Short* Line railroad, it is i
•stated, has substituted in place of 7the I
$108,000,000 Southern Pacific company!
stock forming part -of - the:"-' collateral !
under the ■.. refunding gold mortgage of!
1904 (under.which s $45,000,000 have been !
sold and $55,0*00,000** were held in the !
Union Pacific treasury) ;. the following:!
• Six million one hundred and seventy
thousand dollars Baltimore and Ohio
common stock, ; $4,000,000 New' York
Central and Hudson River railroad
-stock, $3,306,000 San Pedro, Los An
geles and Salt Lake railroad", 4 per cent
bonds and the $35,000,000 Oregon; Short
Line refunding 4s of the same-issue
theretofore held in?-the Union Pacific
treasury. The collateral therefore!now :
consists of $7,206, Baltimore and Ohio
preferred stock and $16,423,400 common
'•stock, 1 $12,000,000 New York''Central
• stock, $27,577,000 7San Pedro."' Los An
geles and Salt' Lake 4 per cent bonds
«^MINf" * MH «* MM MM_Ma_____ H^__M ___^__ MM^HM^BHH ,^
___a«r_______-___mii urn ia_____a______a__B
LOUIS SLOSS& CO I
INVESTMENTS
• -•*.*■' *•"' "-;- '":'*;'£ : r lv ■*£?s'*•'*«• :%i\
*■■■■■ -"-VJ
NEW YORK CENTRAL AND
HUDSON RIVER RAILROAD;COMPANY, "
Grand Central -Terminal, ' :
«.*. New; York, May 14, 1913 •
•'-*■■• To Holders of " • •
NEW YORK CENTRAL AND 'HUDSON'
..;': RIVER i RAILROAD s COMPANY'S "
3"4% GOLD BONDS. *
LAKE SHORE COLLATERAL,:
; A letter j explaining .an ;' offer to exchange * 4 %'■
mortgage bonds ;of * this •• company for -its ; 3~U«V
gold bonds, Lake Shore Collateral, will be mailed
to the holders of Lake .Shore Collateral 7 coupon
,bonds on. application to ■ the r Secretary rl Please
give address and state the number of bonds held'
.* ..>■■•■<■■-•-;; !»• W. PARDEE, Secretary.'-j.
_. F. HUTTQN & CO. I
480 'California St. TeL Doujjlas 2457
.St. Francis Hotel. I'd. Douglas 3052 ;:
I Members New York Stock Exchange
bonds!
u___l_^—______! _; --*- - - ■"-- J - J - --: -■'■■' '8
J. c. WILSON & M
MEMBERS r r
NEW YORK STOCK EXCHANGE
NEW YORK * COTTON CHANGE*'
CHICAGO BOARD OF TRADE >
THE STOCK 7 AND BOND EXCHANGE
■'" SAN FRANCISCO ■: ■'■<. -*r •■,.-" ;
'.'-;" MAIN OFFICE 7' *.■',:'- "'*-.-:
"Ullia Rulldlnjrr San 7 Francisco.
BRANCH OFFICES— An K «-]e_,
fan Dlesro, 7 CnronaKo Beach, Portland,'
Ore.. Seattle. Vancouver, B. C.
Private "Wire. Chicago,| New York.
ANGLO AND LONDON
PARIS NATIONAL BANK
SAN FRANCISCO
BOND DEPARTMENT
>* "" •- ' . .. ..--" " • '
;.:; <Jx-A Dealers :ta luvextmeat. • o *"*^lS*f t .
SUMMARY OF
THE MARKETS
-~. .--s. ■•■■- .-* ■ ■•-. - -*■ ■■■ -~ ■ .•.'tis; ■■•
- ; r ;_■:; r; ,"- -'■ " ' . ;,- . ' ;;'"■' V
Standard' KhrW York "stocks'active
:u»«I strong.
Copper > a hare market ' »york» .- into .
;■; better shape. . ."-^^^^t^*^^
Sharp , rise : in; spot cotton >. and • fu
tures. ■ .." ' - :-*t ' -• "■
Bo** It-term in local ,7 bonds/continue* J
X* llKlit. X ■■' ' - * '' * - ' ;? '"' ; * J
Trade In Hated - Mocks, at <a. stand-'-,
still.
Market for ;Xevada| mining ' share* :
•inlets down. XyA-- %; -''Xyyi ' X 'X-y'\.
Enormous f speculative ... buying off ,
:*..** oats in Chicago. .
■ Reaction carries *> wheat 7 ; future*
■•A; down? sharply.*-*-' >;''-?'"..;...' •.,■"7.7,
Spot ;-l barley y decline* ; 50.,*! cent* ;; a 7
ton In' the local marketvv7-- ; ;
LtqnMntion Is " I>ecember : ; barley.
•■ option continue*. ■;;;'-; >*C'r j ;.;77"'.-*7«. ■•
Reaction follows ? recent advance* r i
in t|W, 7 ;-;- X-'x: ;,-■'**' A'xrAAAXX
Butter market- - advances -;•: unex
pectedly. e 7' -'.;, *' -'''*•;;■.:-.;;.."•
Hen--*- Influx off cherries weaken* ;
■'.?■: prices. X~XX-'X'y- -:-■.. ;::-.x]y
Receipt* off berries largest"of the
:"7 season. :_. ■ ..;■ ;•"■■■'-■,.-;'>-•' '■,/';'.
All seasonal vegetable* in; abund-
PX ance. -«-;*; •;-7 A , ■; X-"kX r X\ x.i Xx A~x '.
little change in the poultry- sit
uation. ;;"'.*' , i?»;".V'"'" <: . A]X
I and $55,000,000 *of; Oregon Short 4 Line
refunding *.45." ". '-•"' •'■-'-- 7*'' ; '■",•:.'- :
•.The company* holds; unpledged* in* the
interest of the Union Pacific the entire
$26,650,000 "of Southern Pacific company
stock the United - * States •supreme
court In* its decree recently directed the
former to dispose of. " **, 7 '■""?'
'•:- 7""-" ■"-' ,V-"i#" ..-. *::':::. *'■ . '■'-'.' ;"';■"•; 7 "Xy.
IMO\ OIL RKTREyCIIMENT., ;•*"' A\ :
] A>. special "dispatch- from" New i York
to E. F. Mutton & * Co.* announced the
appointment; of John fJarrigues as
treasurer of the Union | Oil s company if As
a member; of X the '-;y commercial? paper,
house of Burr <■_ Co. Mr.. has
handled most of the Union OH commer
cial paper if or r the'last" two years and
.understands the financial affairs of
that company. 7 " -
-It- is also;,announced;.that Mr. Gar
riguesi: is^to'introduce- a policy of re
trenchment and; will curtail expenses
when possible. -Instead- of continuing
the old -* policy.'of« buying lands.' he will
dispose * of'such*holdings - as*, he * consid
ers undesirable. " : A- ; - "'* - : ■'■ *■*.■:'■.■■ *"*'" '•"
. - 7' . *■••"; : *;.- ; '"■ #-;-• 4. ' '■■
BAMvIXG SYNDICATE f EXPIRES
~T he banking syndicate which in "1910
purchased-,- $23,300,000 7 St. Louis and
San - Francisco; Railroad * company,;.] New
Orleans, Texas and Mexico division first
margin .5: per cent -bonds, expires .by,
limitation agreement July 1. * ;. ; I
'~;■ ~•-..•;,;;.. :;■;* ■„.$£ y .ji. y *$.y.s ■ ■-..-. ■*'-■;;,*. y I
HIXTI\«TO\ PARK BONDS |
1;-Bids * will - be- opened June ;" 2 for the '
sale of Huntington-Park; municipal im- ;
provement 5 per. cent* bonds of I.os An- ,
geles county,.'in .serial 'form.* 1914 to
1933, of a total issue of $45,000. "; - 7 .
....... -...■- ... * -'*■■■;_ * ' - i * ■ -y~.y :' .
ILI.XESS'OF , JACOB RARTH r
7*.-'The many friends; of ; T Jacobjßarth; in
the financial -district;. were i s grieved? to
learn of his serious illness in the Ad
ler sanatorium, where he was operated
upon yesterday morning j for stomach
trouble..; The great s anxiety-was re
lieved late in the. afternoon by the -an
nouncement from the sanatorium that
Mr.": Barth ? was £ doing; very * nicely and
was in no immediate danger. •
* * ♦
PLANT TO BE SOLD'
The Carmel Development company j
has applied to the railroad commission |
for authority, to sell- its plant to lA the i
Monterey County Water works for :
$12,500.*** s/■ A. 7- \X-y..y. ' -X 2.1
--".--' '. .}£. ■'■ -*'X- #'A ■'•."-*•" ■;;•'!
LOCAL, BANK CLEARINGS AX '"j
;*: Bank clearings yesterday an- j
nounced by the. San Francisco Clearing !
House ;association were $7,561,152.63. "*;
, Condition; of ythe' Treasury
WASHINGTON. May 22.-—The condition of the
United States* treasury at the 'beginning, of ;basl
ness, tod ay-was: ■;■■...■ .;....:,' .7.,.— •,;., ~--■;■■'■■ ,v-■■.;;"-.';-■■
Working * balance.- 555.807.436. "7; ;*- f
- In banks ; and Philippine ? treasury. $46,405,200.
Total .of ; general fund. $130,831,74*0,. f- „ j* v*
r Receipts j yesterday. $2,082,0*70. f' - "7; '*• • '7
-,A Disbursements. $2,870,036. ." '_; ■';-".. ;-* j J
I The. surplus S this I fiscal "year .-is $3.453,532, as
against a deficit of $12,374,293 last , year. ; ; 7.; f
| Tbe - figures of receipts.'*; disbursements, surplus
and deficit exclude Panama canal and public debt
transactions.- *;* " ; ; *.-■ * *'" ' > <
rX'ew,; York Money Market J
XX NEW 7. YORK. May 22. —Money ■on call, > steady
at i 2'L'rt'l • per »cent; % ruling * rate, s 2%"i per cent; j
closing, bid, 2%' per cent; offered; at '2%. per cent.!
Time loans, irregular: 60 days. 3% per ; cent;:
00 days, 3%@4 per cent: six months, 4% i per,
cent.-.--,.v.->->;-'-*--t*; -i x -'■ •• xxyX <xX •*-■ '--rh- ''■'■■
1 ~ Prime mercantile paper. 5 per cent. ,7-.7
, r Sterling exchange,; easier, with actual husine-s
in bankers' bills at $4.8310 for 'CO day bills and
at $4.6050 for demand. ,*■ '
;*.Commercial bills,; $4.82 U. ': ■
. Bar silver. 60c. -* *, ■■ A'■ ■'
Mexican dollars, 4Sc. A •" v
Government bonds, Irregular. . * ; ■
C Railroad bonds, firm. '■■■"
7 Clearinm In Northwestern 'Cities-,:
1 PORTLAND. May- 22.— Clearings. ,838,204;
balances. 5 |356.629. 7 ■ - 7 ■■-. -;.•:., ■'- \ ..^■■-;£■-. "■*■.
;- SEATTLE.'May 22.—Clearings, $2,054,543; bal
ances, $206,104." •-7 '. ,:-:••; •.--.:. ". "-y-yX..y^yy
> TACOMA. - May ■'! 22.—Clearing?!, $465,337; . bal
ances. $90,249. ■.*""* ••■■.*■■•.
:;"-* SPOKANE.' May - 22.—Clearing--, $019,772;' bal
ances,* $60,229. . /•'-.■■-. x- * i -:■;-- -*'---.--■-■*;■■.••■-■'
Boston Stocks
(From E. F. Ilntton & Co.'s private wire.) Ail
', ; BOSTON. j May .; 22.— £ mark i- opened Ivory
dull, but on *a* parity 7 with J yesterday's* closing.*
Granny , and' Isle , Royale; were {the; strongest,"; and'
by 7 noon s they, both ? gained j appoint easily. i Boston |
and"S Maine | andS Elevated ~l were 7 offered j early in I
small 7 amounts and declined Va'« point each very,,|
quickly, but 'f some * buying j orders t were • found at j
the 7 lower | prices t that steadied \ them; and .later
Elevated ' rallied.? well 17 above >"** opening «*.; prices." i
Metal abroad 7** is * quoted at 7 15% c i today, a! with j
diminished t inquiries. The market : dropped I back; |
into greater; dullness '.than* experienced theretofore I
during I noon ; hour." ■ but -i it j showed l strength 1 later. j
with 4 some i rallies ,in the I early! afternoon. The
rallies held * during * the later i trading,™. I some
Improvements added. -The,tjpdertone was strong
at •" the- close. : • :: . . ~":■.. ":-..... *■;■*'.,;, •
. -* ; • Bid. A-k.l 7; *.■ ;■;.,:■; Bid. Ask.
Adventure ■".'.■ 1%. - Shannon *.....'.r*S%'.■_» Xi,
Allouer'.-"....." 33 '33 li Santa l-'e % U1 % i
Arcadian .... 1 % 2 [United Shoe.. 47 47%
Ariz Cora-r..3 1-16 3%; Do pfd*. ;': r . 271i*27%
Alaska*.-"."-.;'..-. 10% 11% Super A- Boat. 2% X 3 >-,r
'A'-P ;.'.'.*.-.."..r>r,%--.*!o4is n per 5 Cooper. 28 *- 28%
Do pfd ... IS" -vlfJ* 1 Tamarack .... 27' i ! ;2Srr
Balaklala; ... 1% '-'- <'■ Trinltv *'. :;>.',
Cal:' & Ariz.. 64 ■•-•'♦ Ml. U•■ S; Mining.. '«!', '40-
Cal & Hecla.4«o s «401 ,! « Do pfd '-':.:: 46% 47 r
Centennial .. 13 -* 13% DtahiApex ~ii 1% l 8 i :
Copper/ Range : 42% 43 ;-. Utah Con *.'V i;X 7'» A~ifa
Daly West... 2% 37; 'Victoria •:**;'.". .'.Vi-.-j. 1 %
East Butte... 11% 12 i Wolverine ... 51 - ~1%
franklin .;..*. ; 5% ; 07 Wyandotte ■•:. 75 .'SO-r
Grenby r i.... 02% 63 y [Winona :::". ."". rl% 1%
Hancock .... 18% m '.Greene . Can... «'■.. 6%
Helvetia 40 ."73"». Giroux.,... ...1 15-16 2 »
Isle ' Royale. . r 23 . 23«4 Ray Con ..::. 18% 18%
Indiana ....., 9 0% Algornab 7. .*. .40 ,7 "5 -.
Kerr Lake .. 3% 3% Bos & Maine. 58% 68%
Keweenaw.'";. :1% ~ 2 * (Bos :& Albany. 191 *» 192%
Lake' Copper.' 32 _ . 12*i-ilßos Kiev :*..*;. '■&*%'*, 86
La 5a11e...;-: 4% 7 5;, j United? Pratt.. 155 wls«f|
Mass Con ... '-,• 3% * 4 • (Swift ..-.:*".*. r. 10514106 r ;
Mich :Min 7..,!»_; lliJOld. Colony .. 4% 4%
Mohawk ... 49 50 ; Mayflower ... 7' 4 8
North 7 i Butte. 28% 29 X Zinc 23 2.;'-,
Xev.sCon«;*.".*; 1C 1 . I**,*};' Butte f&'Super 28 : '.A 28 _
North Lake.. 1% 2 (islandSCreek.'." 47 —'*
Old Dominion 48% '47 I * Do pr<| .... 81% 82
Osceola*."... .85 so |p„k!-. .. :;.:.:*— 18%
Ojibway .;.. :\ • l'.B N : ;r..'". .;*. •^'l>.-V , *iy.<
Quincy. .. 02' _ 01. .**. ■ • . . >"*• '*
New York and London* Metal r Market
NFW YORK, May 22. -Copper—Firm. Spot to
July, 1,~.37%c offered; electrolytic, 15.87%fe16c;
lake..* id,-; casting, 15.62 %c.';r Copper arrivals
1,225 tons. Exports this month. 26.807 tons
:>' Tin —Quiet and • firm. Spot and May. 48.62% <a
4K.57%e: "48.55(g48.65e:? Jnly,-r47.75(g45<v
Ixx-ai'exchange sales of • tin.' 10 tons.: :
Lead—Stead? at ,'4.25 c bid.. ... .. ■
; Spelter—Quiet atj5.35fU5.40c. - . , ',
/.'Antimony—Doll. Ceokaon's, '•■ B.7sfri!>c. 7. '•
Don-Quiet and unchanged. ' <
'c.Th .. I^ndon""raarket : closed a« follows: . •'
~; Copper—Steady .-"Spot,?"£6S 15a. futures,
is 0n..:"'."; :•':■*. y~. •. XX,yy\ y: y. '', v ... '.. ■'■yy-yy.":'-'.
-Tin—Finn." ' 5p0t."£222'15-s; futures, £217.
• I.oni! —£19 7* 86, * - * ; ;.
'Spelter—-£24 ;7s*od.\ " ■■ • '
;* Iron—Cleveland n-irrants. 70*. : ' \
, Aavnl Store*—- Turpentine and Koala
SAVANNAH. (In.. May 22.—Turpentine—Firm.
30%c*to 37e ; sales. 1.123; receipts.*! 922;* ship
ments, 81: stocks, 20.945. - * - -v
r Rosin -Firm. -. "Sales,. 100; receipt-*. 2.158;'
shipments. 575: stock*. 73.240. Quote: B.
$4.-5; I), $4.60; SK.-554.65;/ F. :$4.70 it o'. $4.75; 1
I. $4.80; 1,. $4.90; K. $5.20; M, 5.65; N. $0.35
\U„ ,6.70; WW. *>: -■-~ -*f&s
Duluth Ltnaeed
IUI.ITH. Minn, May 722:— Linseedi?sl.3l% ;!
May.- $1.31%; July. $1.32%; .September, $1:34%;
October. $1.33%. 7 '-...'
- .'.. Chicago Produce : Mhrket * '
CHICAGO. May 22.—Butter—Lower. Cream
"E'.-UMfciirt r' «W '"^l^
Egi's—tnchanged. Receipt*, 16,117 cases.
THE SAN FRANCISCO CALL. FRIDAY, MAY 23, 1913
GOLD IS MOVING
TO SOUTH AMERICA
Bankers Expect This Year's
Volume to Be Larger [
Than Heretofore
Harriman Stocks Lead in
Upward Movement —
Good Bond Market
, NEW;' YORK, May 22.—Tn a compre
hensive upward movement,' which lifted
the important -stocks 1 to 2 points, the
market feroke away, today, from the
narrow groovy. which it has* been fol
lowing recently. T .Tradins,~was heavier,
and the ease with which prices were
marked up.suggested a scant, supply of
stocks. * VT^Jf
*It [ was assumed j that short selling had *!
been; overextended and that covering
primarily was responsible for the rise.
„■ - Prices relapsed | from the high point
in the last half hour after the most
pressing demand 7 from the shorts had
,;been|satisfled^^^^'^p^,r : " *",-
The Harriman r stocks led: in ! the up
.wardft movement' being influenced by
persistent rumors that a plan had been i
agreed upon for separation of the
properties in accordance with the de
cree of the supreme court. Apparently
the only basis* for the report was 1 the
fact that a joint meeting was held of
representatives of the Union Pacific and
Southern Pacific boards. The firmness;
of Anion Pacific recently, and its ready
response previously to similar uncon
firmed/, rumors, »have strengthened the
belief that satisfactory progress! la be
ing made in the negotiations. - - .'
7 Considerable , importance was at
tached 7to the 'announcement that
$100,000 g01d,7; had been engaged"; for;
export to Venezuela.
The engagement was. *- believed to
mark the beginning of outflow of gold
to ;; South America, which occurs s each
yea r.'*'j In the opinion of c; international
bankers. * thjs year's movement* will be
larger than 'usual. .".'--.
- In view of. the efforts which are being
made by the principal banks of Europe
to;build up.-their* gold reserve, it
regarded'as probable that this country, 1
with its unprotected store of gold,
would be called .upon; to * play a larger.
part than* heretofore ;in the i shipment
of gold*to South America for European
account.- --.. - ;--*" <•* ~
-'. Bonds advanced, after some hesita
tion,,* in the I early,.trading. : There J was
a good' market for the new r Issue of
New^Torkf city i bonds 7at .7 100. Total ■
sales (par value). $3,005,000.
■'i United f States!-4st.coupons 2 advanced
%, the 3s coupon % and the 3s regis
tered % on call. ',
77;The-2s; coupon declined . U-".
Hutton's New York Letter
-''For the first day in several weeks
the market showed real activity, and at
the close prices In the general list
were- at the high of the present move
ment. The strength yesterday in the
face "of the weakness In -petroleum
issues clearly showed the liquidated
condition of the market." Dullness pre
vailed, during the first hour, but when
ever there was activity it was on' the
up side. Sentiment was very much* Im
proved lon account of bullish views of
Jacob Schiff, as r cabled A from .• abroad."
: City bonds were "o a'i_6 helpfuls| factor.
There was large demand for the bonds
!at par and heavy transactions at that
I price. There was J renewed? pressure on
j petroleum stocks, particularly i j Califor
nia Petroleum, which fell to a new low
I record. Selling of these stocks did not
I seem to have any effect on the rest of
the list. The Harriman stocks were
leaders *\ in r?, the urn. The v" copper
issues show strength and many believe
they: will be leaders in the upward
turn. '-he It was predicated that | Nevada
Consolidated directors! would declare; an
extra dividend of 12% perhaps 25
cents per share at' a meeting next Tues
day. A sharp rise 7ln Chlno was on
buying for Boston account and expecta
tion of inauguration of dividends in
that*, issue. During the late afternoon
prices' eased off fractionally from high"*
some of the traders showing Inclina
tion to renew their short lines, but sell
ing was if absorbed without difficulty.
More' optimistic feeling prevailed at the
close than for some time past, and gen
eral ft' sentiment seems *s inclined to be
bullish."
I New Y6rk*;Bo__»
■•« '7<. y ••-.'•,.-.:-' t- 77 ■",'•■' .-'',-;,' . »'."
U-S'ref reg...100 Jap R n 4*58 .....'... 87'/.
+v Do '.coupon €'...*; 100 /' jKan City So ref 97%
. Do 3s • ret: .. 102% L Shore:deb 45,1931 8994'
-.' Do coupon * ■'■'. ii": 103 ,s» L"' A- N S unified .is;|94 *«
Do 4s reg.:... '.118% M,>K'A"Tex;lst 4s 90
'•7.D0 coupon: :/•'.*;' 114?.: Do gen 4%s 83
Panama Ms coupon.lo3 vMo h Pacific 't 4s.Trm6B*»|
Al-Challst 5s ctfs 51.': XDo cv 5s :-.':: Tf:|S4f|
Amer Agrlculi' ss. 99 X It of jEMext 4%5. 81
Amer cv 45.100 » V C «en 3%5.. 84%
Amer J Tobacco 1 , 65.119 '-■- jDo ** deb *4s ;".~; xiit 88 m
Armour 4Vi» 90% NY.NH& cv 77
Atchison > gen 4b.. 9414 Nor AW; Ist con 4. 92%
*? ■# Do cv.: 4s. 1960.. 99%' SDoS cv ;'4« TUvriT. 1 04 %
Do cv 5s 99%jNor Pacific 93*ta
Atl.-in C L Ist 4s. 90% £.noVSs&?!r~T?ir?:iQ(iW
Bait & 0hi0j,45.:t92% OJSsLine !rfdg«4s.lS»V4'
Do 89%! Pa cv 3%*, 1915.. 97%
Brooklyn Tr 4s OOVsPa Icon k 4s;*r.""."'iT^ 99s-.
Centrals of *Gai 105 _ I Reading gen 45... 94%
Cent Leather 55.. 95 StSL7?AiSi- , ,lfgj4s.l67'**s;;
Ches *& c Ohio 1 55.. 98*. I'Do " gen *; 58?*: Ann 67%
Do cot _%s t Pt'L : ?S',W^conf4«4 7B *Hi
Chi _ lAlton 3%5. 55 (Seaboard AL adj ;,55j.71%!
C, B A Q Joint 4s 94% So! Pacific icon 45.. 92 m|
Do gen , 4s*rrrr.-.f- 93 - i : ;;.Do;cv|4g.™rrrt™lß7«4'*
C.M4 cv 4%».101%! Do Ist ref 45., 80%
C.RlA:'■»Bad col? 4s. 58 •; Sof Railway^s«r*rr: 103%
Do ref 4* 84 | Do gen 45...... 75%
Col So r&ext 4%5. 91 % Union t Pacificl 45.. 90%
Del & Hud cv 4s. 98% | sDo|cv,S4srr-Trrr7f9l%:
Den r& ' R G ref. ss. 7« c | Do ' Ist f & ref 4s. 91 wi
Distillers ;55.......; 63% I L r iS-Rubberl«s 101%
Erie? prior menus'*- 83;' :I.' Si Steel! 2d 55.. 99%
3Sv* Do"-, gen *4s r .'.r. .172 fi V'a i Car Chem " 55.. 95% j
£7Do cv 4«, ser B. 70*%' Wabash lst&ext 4s 56
111: Cen ! lstirefJ4S.l 91 s (Western Md f 45... 79 Si
Int|Met.4%sr.r;".. 7." »4j Westing SEI cv ss. 90".
Int Mer Mar 4>_s. 01 I Wis central 4s ; ii. '* 89>.
j New York Mining Stocks
Com Tunnel stock 08 Little Chief 03
Com Tunnel bonds ■:■-.•' .12! Mexican it vrn"7Trn*p : ißs
Con Va Mm Co.. 11 Ontario ...;. ."..r."7*2.00
Iron Silver y; l 'V.7t,l:2s'Opblrrj:v.;77.:;^;^^ ? 10
! Leadville sCon ~ ... oS|Yellow,* Jacket rrrrrfM 18
+ : ; *-•- • ■ --■ > -
ii | New York Curb Stocks
*■■» Swiss*"- yy -. , _hh 4g
♦ ' —— ♦■
'From E. F. Mutton & Co.'s private wire.)
NEW YORK. May 22.—Todays f curb J market
was quiet, with livery J little j* feature. The S oils
were I strong I and I active. Bra den 1 sold | off i frac
tionally, but nothing jof {Interest i occurred Sin * the
other *coppers.*ff3Tonopahs" were * active In' spots,
but narrow in range..
• Bid. Ask.l X Rid. Ask.
Alaska " 10% 11 MlxpahsEx?|^s2#B4'^
Anglo Oil .. 19 19%]Montg 5h0.... 02 04
I Belmont 6% NcrsHillsl|?rH'9oM94%
1 KrH-len Cop-pr 7% 7%:Nipissing .... S^WOSs
British- Col.. 2% 3 (Ohio it Copper.. % %
;Butte*A % 1 Pac G&F, com 49% 50%
i Chi Subway.. 2 3% Do pfd 83 86
Cluett-Peabdy 43 51 |San Toy-T.***: ,119^20S
*j*. I Do" t pfd ... 90 99 Sioux Con ..2 5
Colorado *.*.--.' 10 14 IS W Miami.. 5 7
Con Art* ... % 5-16 So' Utah *'T.'?^%Ws-1C■ !
Davis BDalyi:BDaly i: 2% 2% Standard&OU?fci«f_W
Dolores--...*.. 2 4 ex si :.s ~.363 $63
Payo .... .1 7,|2| lDolCnl'i*Tr:i77.#l79H
Fly J! C0n.."...- 5 6 Do Did ... .322 325 IS
El Paso 3% 4 Do Kansas.s7s 583
i F.mer.-on **rrr:'? 20 m 32 |Do• v V 715 720 -J
: SSDot p_d ... 82 Sf 90 H (Stewart 17-16 1%
i : First Nat ... 1% l: i2a (Tobacco 1 Prod. HOjf l!iO •*,*
1 ■ Fraction .... 4 %IS' Do ; pfd ....*_• 80 H
! Florence W??Z%iQ S» 42 J. (Ton .of Nev.s 3-16 5 5-16
1 GlronxffTrrr: 115-16 2 ;.'*■■ ! Ton Exten .2% 2 9-10
| Gid DaisyJ?yS3fia4|| Ton Merger... S3 86
Belmont. 2* 4 1 |Tri Bullion... % 5-18
| Greene Can.. 6% 6%;Tuolirmne .... 2% 2%
Halllnger ... 17% 18 ■ iljnited Copper % v.
1 Halifax 11 1-16) Do pfd ... 3 6
Iron I Blossom; 135 140 th S7 ; Light... 10ill iff
Jim Butler .. .-" 87 IWest Pac Rv. B'3f==ll
1 'Jumbo 1 ExK~f 23p 25 "s; I -,7 Do 75s rAV;*. *so *S?B2if
Kerr Lake .3% 3 5-16 West!Powj pfd **40M_r*
Keystoue'f.:.* 2 2-, Do com ... 16 UITjS
•••Lai* Rose t:"**! 2% 2% WestS End ...1% 1 '{-16*
Lehigh 3 C 001..205 fi 215 fei jWettlaufer ~ lstmt Mm
Mar.'.at Shirt 50 .70 Willys: Overld 0OlI<K»l|
f_tDolpfdsr". , *-«B3i**!C2l.;l-'. Do pfd . .*. ,"HsMi>2»
Man Transit, 1 &|f 1% [Yukon 2% 2 11-16
Marconi 5/ * % prairie Oil . .300 310
■Mason Val .. 5% 6 ,'Vacuum .177 I*o
Mays ! Oil *>T*ri7 V.- *? Cont | Oil ">..'.-1850 1950 M-
McKlnley D..1% 1 15-16 Utah Sec ■»■??** n %*18%-
Miami Ok .168 173 J. Do notes •r. SO*-, 81%
Mines of Am 2% 2% l 'Swastika 0 11 V
•■ Montana Ton. 1% l%*Atlantic ref..*s3o 640 ■
,"" h *'••--* ■ . *!.wtj"3'V
. • J s 7:H,r '. • -~"*» >fc ... ~ *T. -:
. .'. . . _ •-
New York Stock List
! ♦ ——______ - — ♦
*_*t2*!SS_S!ff. i,Bß «»«__s-»-! ,l '^ ! *r *
i E. '. F. Ilutton ft Co.'. -490: California, street,
members jof s the s New York S Stock ? exchange, 1 ! fur
nish th*. following list of « bond .and stock sales
■yesterday:, . *." .„.- .
.. B «tmi@S STOCKS jHtghj Low 1 Bid Ask
-1.9001 Anialga Copperf?lt|74%t>73% *»%! 74%
i ■xxvt Amcr Beet Sugar| I ' 29% l iISM
! .....1?. tj? Do pfd.'.- "*- .. : ........ 174 i 90
I 4..iOOjAmerican Can Col 83% **%] )32% ! IfgW
MOW Do pf,i 9;: 9S%{«%(_*«,
' Am-w<C' : ft ■■F- ; Co* W-iXX. I :x.:: I ***%l 749%
I lv> pfd i ! 113 1114
900|Ame r Cotton OR*. *41>4 39% 39% J4lf#
J l>o pfd....... i 93 9->
;Amp r Hide & L..; '. *% 4^=
I Do pf,i j j 22 23
SOOjAm-T Ice Sc-cur.l 124% |23g 24 j 24%
-(American Linseed! h""?r. ..;.• 9% rlS^* 4 :
?™*?f'7.}^Do^"pfd-■"- -'-*"* I -*"**». : JffT. I ,'26a.'s2t«'|
0001 Amer* Locomotive! S3 I 32% .32% 33%
I Do pfd ' ! |102 103
I American Malt ??f7*: ' rfTfl I f*Bj§ Uo|l
vfrrrrr. Do pfd I —irr. ; rfrr: ftsw _g„
I.9oo'Amer (Sift?if, Co.! •* 67% 166% "7% 567%]
gfgllGO I, Do pfd "■;.*";';-;".'. 102' 102 .- 1192 102%
Us [American Snuff..! d? !sSias si
■sg I gjjg-a-fesog iig >. u?» .si 105 a
300A_t_rlcma Sugar. .1111 |H0 111 112
Do pfd . j HI "«%
TTf???? I Steel Wis. I f:?;*": ! fff?'M3o"M i32M
fgg__o I A T Co 129? 128% 128% 129%
__»_*•_? American* Tobacco! r.... '.'.-•• —*" tt 228 M
--rrrm I £SDo£pfd|T:;Tr?: rrrr"*- I ffrr: 1103% 104%
American dWoolen frm ! 'fVfr. J17% ?22%;
100 iDo pfd i • J 77 _i t77% 77 fJSjiSi
..• 700) Anaconda i i-38c | 87Mi! *37% 38.A
4Oo|Atlantlc C Line. 1122% 1122 ?s 1122 123%
3.700 A ft Santa Fe. BMb '99i& j»% 99%!
200j Do pfd . Ait:. 99% 99% 8"6% ,99%;
, TOOißalt ft 0hi0..... 98% 98% 98% 08%
....... muot pfd bftk ( h" - * - *?: |78s Wm.\
jgliSOO Bethlehem*; Steel. ;33@ j 32%! 32% 33%
Do pfd ! I I fi »% 71
S|9,7«>BlßfT.*T*'*Tf".'Tr!i* l 91%: 91% I 91% 91%
9.9oo>Calif Petroleum..! 3S | 37% i 301. 36%
7,13,400 Canadian? Pacific.' 238% 235% 237% 237%
4.600 Chinos Copper ... 40% I {88% j *40% 40%
1 f 3,600 C ft O .... 65%! 64% mm 65%
Tffrrr": cf&fAt*f??r"T a T:- hrr; I h"~- |9% IS
'.'2oocsGiW;Tr:.:.;.'. 13%! 13% I 13% 13% 1
■ifi.vn I 2;Do"pfdnrrt«irn liax. I a.-: 28% ;so>||
;;'7-;iooic'&*;NiW.' s 1130% 130% 130« lsigg
¥. I,oooctMr*r St prrrri : 108% 107% 107% tos;,l
! Do pfd I ! 134% 188%
■M4M Central! Leather . 23%I 23% ;23» 23%
«*7Do'ipfdr.; -.yyy ' :::::\xx:: '92% s93rs
fes'7«l Cent of X J ..... T??TT ! 2958 300 $
100 CCCA St L .-' 49% 49% 49r- ; 52;r;
! Do pfd ! hT.-. rtt:": 85 95;.;
.p|l3ooColo;Fuer&:ir6ns I 31% 30% j3l'a 31%
, • 100 Colorado* Southern 28% 28% ,28« i3o*
) Do Ist pfdcr.-. I ir..: ! ':: '.'.•*. .671f I7OM
! Do 2d pfd .... * ryrr: '60s t6,»^,;
4.100! Consolidated Gas 133% 131% 132% 133t»-'!
300 Corn ;* Products .. '10% 10% 10% 10%
fl?ftTgjtf.i)o*pfd«?r74tt $ri?. 1 «5%| ;68-'
TrrrrrriCrex"*Carpet Tryri: I r.".v. ■'. iix. ;74p-? j iß4>;- :
--;; 100 Deleft Hud50n...,150'.; 156% 155;; 157 j
g!gh D|i;r&\w|rtrrn ' ai:: ; *S& 395 400
prr??*?;pf*?BiG|7 , r77?7 ; rm*. ! .':?:>:-. 417% 19
rrTTiTfi I ;Do-pfd-irrrrr. ' ."'.'";.' 1 .--" 32 -.» e35■-«■%;
TJO-Dlstiller*' Secnr.J J15% 15% 15% 15%
tiit'i?i IDnluth SSft A ." ■ 6 fL7jk
tr.nxii^ Do pfd *;;-:-;:;;; < :;*v.\ ! rfK": , SI2S |14*J:
■ 2,100 j 28% 728% 2R%j , 28%
:7 r . 200 Do Ist pfd ...' 43% ,'43' r 43% 143%;
f WW Do 2d pfd..-:*, : 35% ;35% 34% 35%
?,~ 600 General Klectrlc 139% 188% 138%! 139%
:;4 200' Great North Ore. I IB3v '33*.-* '33% '34 a.;
2.7oo!Great Nor . 127% 126% 127 127%*
2oo;g F Con ! '-x2y ;1%- 1% *U2sn»
'7 100 Illinois ».Centralr. 114% 114% 114% 1115% ■
100 Inspiration | 17%) 17%, 17% 17%
; 20O|Interboro-Metro, ' 14% 14% 14% 14%
2001 Do pfd ..:.... ; 51% I 50% ;sl»r 51%
'iitrrn Inter Mer Marine! iT.r; | TTTr: 3% 3%
'•iii~X IDo pfd ! a?:: I ax: ;15* 17%
rM*»4OO Ihterna'al^Paper.' 9% 9%, 9 - 10
7 100! Do pfd ...... 140 j4O 38%) 740;
•'■i.Yi.~:i Ilnternat'al Pump ....V ;"'•'.":-. *" Vi i ;107,,,
■fTi-Vr.. ! r;DoJpfdV';:';v7,':'; ' r:.';". ! ii'XX. iZQy ! -ZSfX
rrrfT-ff! ! lowa * Central ■7*..". '1. i 7-, 8%
■tram IDo pfd .....: ; x. 115 (25
; ; 100 Kansas ; City - Sou 22% 22% \ 233 1 j 24 Xi
....'..; ! Do pfd X.XiiX Hi:. .?..: 597 I 60%
L* 4,600! Ijelflgh"iValley-?:: 156% 1541; 155% 1186%
Liggett ft s Meyers ..;.. ii*.:: 210 v J215
I Do pfd ;-:*?;•; 112% iu||
"."."-.TJi'l P;*LorlllardiCor. ."-.".".'. .*r.";'*; 165 £ 170
frrrrrr« IDo pfd mr. ' -im: Jill 113
I.IOOL ft '...134 132 13H 133%:
Mackay : '.v.-*. : ...... 81 .82
TTCrr.**.) Do pfd ; :,'.:..: ii.r. [ :XXi: 04 I 6877
I 2.loo[MexlcanlCentral.*: !»%[ 18%! 18%! lid?*
1.700: Mcx I Petroleum...; 64% 63% 63%! 63%
Minn ft St L ....' Yiii. f Xi.:: '16*| |38p
Tanr: aDo]3st'pfd«;tr: ;::r. ! an. 1 '367;* 40 ; 7.
100 MStPft SS M. 131 '131 131 138
tvrrrs: Do pfd ..... ! ..... 1357 145.7
.; 600 Mo Kan ift Texas. 24 *I 23 -23% i24W
ii.::"X. -XDoptm::..::: ' :::'.: ! .".:?. ) "59% , eoyv
»«200 Mlamls Copper.... ;23;; 123 22% 23%;
82,700 Missouri Pacific., i 33%! 34%! 35 ;; 35%
j XationallEnamel..i.".'..|:?•:-^;l!32'i^lil2% ,
300|National Lead.;! 48 » I *47% 48 M 749*.-.
'.T.r: ;-Do pfd:;...;... ;;;■:. :;":".-. 107 i.08%',
7 < 100 National Biscuit.. 114 114"; 114 115
iiti7?. ifDo.ptiXT.rt::. .*;;".. :x?i: 116 4 118 _-*
. • 600 Nevada Con;.**r; 16% | 16% 16% 718%;
::: : .rr: X Air Brake.:. :r;*.r. r:*.™-. 1 ;6Sfa 171^4
J? 3,200 X 5 V? Central .-.if; 100% 100 IV 100% 100%;
::.:::: X .(C ft »t Louis ;.... | ,r..*. 55% ( 08.>jj
.-f.Tr.".' Do Ist pfd..... ";T.V. 1 =95k. STtTJI
-..v.:*.. ! Do 2d pfd.r.'.r. ! ;;:.. ! .t::: i 80% ;Mf|
?n-400 XfY%-xtu?ft*a:: 105% i 05.« 105% 106;, i
•TOO'X V Out ,ft W... ,29« 28% 29 iSOS*.
-V-300 Xorfolk'&iWestrn 106 106 i. 105% 106%
;■" 200 Do pfd 84% 84% ;«o-- '908=*
-";.,; 200 North American..! 72% 71% „72$ 72%
1.600 Northern*. Pacific.'lls% 114% 115% 115%
frrrVfi" Omaha r.*.'*.V.".T*."."; 1 r.'r.'. I :TfTV |120 140**-.*;!
Yfrrrr. Do pfd I .*".-: r. ! r.TVT Jl3O isosj.-,
fZifif: Pacific Mail j ! ?~-*t 22 '.22%;
IPac Tel ft Tel... :.':7;". '31% 32
-" 4,900 Pennsylvania 'rHi: 110% 110% 110 110%
V; 300 Peoples-Gas I-~.r. 109% 100% 109?- 109%;
.;.*• 200 Pittsburg C0a1.... 17% 17% 17% Jlßsajj
:,-' 7 200 Do pfd -<S2s 82. 'S2:. ;83s#;
....'... pj C;Cft ist \ Louis irrf: r.T.. 91 - 93' ?
i.-iiiT: (Do pfd n?r; ) an". 100 115
100 Pressed Steel I Car 24% 24%j *i 24« 25 J
'.yiixy. Do pfd Jr.*'*.*; ::":.-. 195 loo^j
1,400 Ray i Consolidated. IS% .185; 18% 18%
XX.Zir: ByjSteel Springa ! iif:: .'..".**.' '; 27 28%
?x.ra. s Do pfd rnr. tot: ;033 i«jEs>
523,200 Reading«TT7?Trr. 102* 160* 161% 161%"!
wi>o?i*ttpfd."r?*t rrf-rl *;t j r.!: 87 5 . .80^.^1
"rrrcrn KDot2dJpfdrrsr: 1 mt: an. ;ssg ;89j&i
«.«**,. Republics: ft 1.. I "--;*.'.•". ..... ;23i |248j
Trr?*:~*!«Doipfdhr:.Tt.*; :m: arr. 81% 82%,
3.100 Bock Island 118% 17% 18% 18%
SSl;lOO ;* Do pfd 4: , Tf:*r;j?31%1|30% 30% 31%
-, 200. Ruml'ey •;;*'.:."*.'-;.': 129 I ;2S;;; 27 1; J3o'--i'|
;^ioo:s,Dospfd^r; , :-**r?r:T '54*> j i54?7 '52$ -mM\
• . 400 Senrs-Roebuck ...!166%:165 !J67%!168 ' .
fflftT. SlossiShef^'&l. 1 .'.v.": I :?:i. ■ ,31 - ,35 /.
' Do pfd ?.ff: arr. iBB \9if4\
St ti&SiF.lat pf Hi.". i."Xr". 35 t '4oli.|
2.400 VDo'*2d?pfdrr.*v*. "14% 12% |13g 13%
, ' lOOISt Louis ft W-. 30% 30% f3OB 31%
I Do pfd ir.-:-. . l rr.-; 71% *i72assi
3 9.500 Southern Pacific. 198% 96% 97% 97%
& 1,000 Southern Railway 24% 24% 24% .;25«s
ffrrfrt ! a;Dospfd. a rtTf7:'ir; 1 h-r-. "-". 177*. ',77%
■-?. s SOOiTenn Copper I 35; 34% 35% 36:
OWTcjtas Oil ....%*.;--. 105;; 105' 1 105* 106
"..".-."-.;*.iTexass:Paciac'T; ! TH.. I 115% lI7M
SS. 1,300 Third ATenue ii?. ! -34% 534?;'; j 34% f3SH
JToledo St L ft W ii?.: :r:fl ! {10% 11
'•■: : 200 .Do pfd.'.■■.-.'-.-;":.-: ' 22%! 22% 22% '23v*J
•frafTTi'lTwin' City R-T.. ..... ..... 104 105 ■
■rrf?T?r Union. Bag ft P..1 :..-;. ! ..-.". ! -5% 5%
152,000 Union Pacific 152% 149% 151% 151%!
farm «Doipfd.=.-....*... ..... 1 ?.::. 84 ,85*^
. 100 United Rys Inv,Co :23X 23 23% 24
fifi:r: I Do pfd. Jw? rrrß. i44S 47 j|
?rf??ft U si Cast* iron j.i»; rwr; I rrm ?i2i ham
iiiUTi I mDo'optaii.ntrt: or?, mr: 47% loo&i
'v.. 800 US Rubber, 1 63 Fi 62% 62% .*63% !
' .*, 100! - Do ; Ist e pfd..V:-, 105% 105% 104% 105%
i;-iin: Do 2d f pfd;:tr:* ;:■".'.-. Mft*-. |75*« \s2n
41.400 US S;Steelf Cor... 60% 59% 00% 00%
1,100 ©DoiPfd.-.tr-ftTr*: 106% 105% 106 106%
1.500 Utah *£ Copper am, 51% i.so* 50% rslw<
500 Va-Car Co. 28; 2*1% 27% S2BR
ftivrr: a.*Do;pfd.'i i mt 5 T.*: ari: it.::. 100% 105&
■tfZZTi Wabash MffiS !#£? 1 :tTT:'*S2% 2%
H_)i?o KPolpMffSWtff «7% 7%! &7« 17%
IWelte s Fargo sEx-t ffrr; rfrr. 1111 118
I Western Union :rrt'. rnr: ! 65% teaih
rfTTT?;' SWest Maryland SS3 I Egg?' 38% 40%
ttt? 1 ?! 8 : !Do pfd ; rrr:**; 1 ™.*rr: 154 [ !t»*^s'
H5,000 Westlngiiouse .62% .62if ?G2»i | [62%'
fin?.-. !W ft I. E..,.....( Pr»s 1 :.*.";. (©% Ssssas
7TT.ff: [Do Ist vfd..,, I ! .* -15 -I,'lBV
rrirr?. ■ SDo|2dipfdfr.f: ! an: I :xn: ! »im 19
rrrar. WlsconslniCentral TTST. m?. ' jßttf I 52%
M4oOWc»lworthf: ; 'r;*™':jlo2% | 91%' j92i | I 93 &1
* ' ""3|^s.*
30S,400—Total shares %ot&i± f -,f'-'- - -". : "Xy\
- , - - -•- -
. . . .
: Wilson'a Views on the Markets
(From J. C. Wilson ft Co.'s private wire.)
YORK, May 22.—Stocks turned strong
today 4 without r* any j- apparent I re,t«on . except th<» ,
covering of ja; large short \ account,*- the backers of ,
which were unpssy because the market did not
, decline! mat erlally/during »the | recent 1 period aof <
dullness. Rumors in copper cycles tfoff Initial!
dividends for 1 Ray ' Consolidated ; and Chino caused;
considerable | baying |of 4 these I stocks. The fact j
; that I any considerable • Bnylng I discioaesl a * acarci ty,'
of good stocks i shows that i the' market is oversold.
rH Cotton—Firmness '■# in S Liverpool and % develop
ments on this side of the water combined to give
1 the market Ia % strouger appearance. All [options^
scored „ substantia! I* gains, the _| advance being.
based mainly on the slxe of the short Interest,
which lls I being I steadily eliminated. We are not :
yet:convinced^that a' permanent rise is to be 1 ex
pected at this time. •. .
BOSTON. May 22.—Sentiment in the stock
market seems to be gradually; turning to the bull
side. A few of the coppers sdid a little better,
but on the whole there was little change.
M CHICAGO. May ' 22.—Early j claims of deterior
i ation iin t parts |of I Kansas started j! __) advance fin
wheat "which J continued i until f shorts | had ! covered
| and i new Investment "I buyers were satisfied. On 7
a reaction |f bat * followed I the advance there was
; mmej he-ivy profit J taking Iby J people who were 1
bhyers recently at j levels 2% 3c*: lower down. The
strength in coarse grains was a great help to the
long side daring the day. As we see it the
, market favors buyers on; the j reactions that fol
low crop scare.; reports, which are :to be fexpected
from now 'on. * '*■'.**-*,
Loan*. ..Exehaage :»d Silver':
Commercial . paper ! f;Aiv£x"i. \ per 'cent'
Loans on ' real; estate .':.*,;;-. -.*. .'.6%«6%s per; cent
Sterling etchange. 00 days.... —©4.83%
sterling, exchange, demand: —®4.86%
Sterling exchange, cables —«4.87% :
Xew York exchange, sight .. —*S .01
New \ork exchange* tel*rraphle ■—«f .03 ~ '
Hongkong) exchange,'- sight :..f. —*!. .4f*%
Hongkong exchange, telegraphic — «3! .49 •.. * -
New lork silver, per ounce.... — ($-.60 .* "
London ; silver, per., ounce ."'.";-.-*.?:■*'*— %s 27 li:i6d fe •
~.____ CONTINENTAL
- New York Jon ■•" Pari* ."...,■.;..;.. _; *.. ?. '; ** 5.18%
New York «« Mexico. : '*''. s_s__H« --■""---T";,.'' i
Berlin on*_imdo_ °:?K '"■■"•*■ ??£'. . .. __. 4414
f-wft <m Loodoo. ..^..„_£C£3*_»*.*v W.Xk ~'\
„. s - x.x : .?,1. f.,;: %Ji "-. tx.r
i SAN FRANCISCO STOCK AND BOND EXCHANGE !
Not a share in listed stock was sold on the * ?*>. Francisco Stock and Bond,
j exchange in the morning session yesterday,, while in the afternoon only B.>
shares were transferred, the movement being confined to Associated Oil at
$40.62 Spring Valley Water at $54.73 and Pacific Telephone and Telegraph
Preferred at $92. -
It was the s- dullest day th-» exchange has Experienced in a long time. In
listed bonds the business was $12,000 in each session, there beins no rhanares in
prices fi Wednesday. The bonds I^^figuring'".mostly*were Spring Valley Water
general mortgage 4s, California Gas and Electric unifying oS and United Rail
roads 4s. >»-'•»
In unlisted stocks General Petroleum fell to $20. Pacific Gas I preferred]
brought $86.50 and $86.25. and Pacific Gas common $50.37 %. The sales totaled
365 shares. In; this department $7,000 of 'Orpheum! 6 per tent bonds were sold
at par.
iBHES__^-*-- : -*' ■ ;: " ~ •■'■ ;: ' LISTED SECURITIES *»
'-"• SALES MAY 22, 1913 -WaWßfe
Morning Session * { Afternoon ; Sorsion -.'
. Board— ** -. - • Board— ' * > > .-*i
$1,000 aromas Con of Cal 0* '. R9.00 - GO Associated Oil Co 40.62%
$4,000 -Spring \'a! Water gen mtge , ! , 4s. 90..10 * Pacific Tel A Tel tpfdi 02,00
$l,t)0O Counties Power Co ;5s 100.00 : 20 ; Spring Valler Water C0.r,.?. - ;:*;MI75B
fsgsH^SjStreet— < $I.COO,PacificV Tel A - Tel '«.. OS.oO
'•SC,O(» Spring Val Water ,gen nitgf? 4s. 90.50 . $3,000 Cnlted *. R • R of :S. F 4* SS.T3
Street —
'■ ' $3,000 CalTGao & Electric unifying .*>«. 0.",;PO '-'
XX-y-- y'■,-'■ .:_-. *' '. ■'. .X.yA. * $5,000 Spring Val Water gen nit-.- U. 90.50
CLOSING QUOTATIONS .'
BONDS 'v . . . Bid. /Ait*. !Cl Ask.
KXJhSAi Bonds./ Bid. Ask.! Nor f'fil.'Power Con 5% — 90 • A*«HH__teil oil' Co 40*.. 41 ij- I
quar (new). 113% — X<* Kttetrfe Co ."is... — 95 Bank of Cal. N A... —--200H?-
--3s quarterly coupon.. 101% — ;Oakland Gas. UH r,». 90% -- California ' St? ; R'SR*?:* I :*l24V*T—sl
Miscellaneous Bond*— - OeklamUTraaslt Co r,s. 106 v -i.', (*a!r Fruit :c»nner-«.Tr?lloVirl2ori*i
Alameda Arte* W ss. — 98 j ;''Po'|s»r. : — l<flß%U_l Ins Co (par J4f>i. 73% Tfiift
Associated Oil Co — 101 j Do Con i .'.».';: "X. -- 102 Ca! Wine _**_ pfd.. — ; .<"■* l j
Bay Counties Pow ss. 100 — 'Oakland Con — '•.*; ' Do . common 4»'i — -
Cal Cent Gas AEI ss. — 10214] Oakland Water 5s - Xi% B 1 Pont de N-;pfd RS , '■*'• .
Cal Rl Gen ss, ser A. — 86 [Omnibus Cable o_. -— U'2 ' ;Do common; — 140
Cal'G&Kl<p_ar_Tetsß.lol*iß — ' Oro *. Electric Corp os. — 8. ; fireman's Fund Ins... — X2sM%y
SanolnnlfjtnjrisSii.tTrfO'l 94 j Pacific ilmn. 4«.*'.'iST» 90 nrat Nat Bank of ;5i:F.225 — -
California;St Cable 3g.10.l 102 'Pacific Gas'*'Klre ss. — 87%; German & Loan.3loo —
California Wine — A 97%lPaefflo FJoetrle Rt ss. — lost. I Haw»ilahiConilF& Si-_:*— : *;27,77
Cent Traction — 02% Pacific Eight A — 95 [Hawaiian Sugar C 0... 20 80
City Electric Co 55.. — &7 J/ >! • I'O guaranteed 55.. — 100 I Uo*iokaa Sugar Co . 9 7
Coast Counties U-P w — ,'t»s«4 Pac!fielrTelffc*iTel'jr_;'lo7%inßy,tHunriboldtJiSavlnK'* Bk. — 121*
Contra Costa Wat —i; OS p o rk!&7. Ocean RR as. — 10OU Hunt Bros Co pfd... — 101
Do gen mtge 5s — OC | People's Water Co 75<t 75 Hufchln l *on[<Sii»ci Plant. —*■ 10
Edison of E A ss. Ml. --;; ; Sac El. Ca? & ss. ' Mercantile ;<Nat ißank.*;■— 220' '
Edison Eight & V «s.lofi»i 71- 'Sac &*Wo<wllandmfsSi9r,Vi — "savings Bank. 75 , —
EUfduPont|Pwdr/4%siWUi; —>!Sf.ToaatdniLt|AlPis«. fc ;9»^looSitN"'^^ Cal Tower Co Con. - 3_H !
Fiist Federal Trst -"is. — I -Do Cor _*. series A. — 101 Vii Onornea Sug«>- Co 20*,—
Ferries & Cliff IIsR6». — 100 is Electric 5«. . — 90 |Or»-Elertrle.'Corp pfd.-— O-T.-i I
Great Western Pow r»s — : «3V,!sF.Napa & Calls O*.!*.'; — ! Do common :. r..;? ii—l ■- It •
Haw Coml ~ Sua; ss. - 400% S>F.*Oak & S .I;Uvss. — 108 JOto Water. Eight & P.IOO- *^*s:j
Honolulu A f.5.100 — f Do 2d mtce s«i — 93 I Sugar Plant. l-Vtiv.ta^;
lake Tahr>« R A T.-i« — 07 ! Do Con.Rr.ss.. ..— '■»'> ■ I n »c Am Fire Alarm. 2% — -
Long Beach C Gas —,7 100 IS J A Clara 4',x - .no !!*■«<* Coast Borax p.d.lOfii.lo*'**?
Eos Angeles ss. 99',i -— Sa»taißarb»raG&El6».fr- .1W,.! Do common .:.;... SO —
'Lo»fAnu;Gaßf&>El 59.190 — Sierra^ Rr of Cal 65.. - 100 Pacific Coast C.iMialtv. — 124
-Do Corp 55.; XXir. — .OSi ISPRR Cleg 5«.107 *HM ! P.i.inc Cnule Oil (',->.. — 30c
Ef**- Angeles Ry ,'W..l<*H -- SPBrancli Rof Ca! In— 122%! Pacific Eight Corp ;pfd : ,-- ; v:7«:,;: ; :
Do Corp 5s .\\„ — V.'Ort^ISSPIRiR Ist ref >4h.*jß!) '— "i Do common *r,:r.* X."': — 100 *
los Ang Eight u*td ss. -- 100i< l S Val Wat gen m 4s. S9-K 9u*-« Pacific Tel A Tel pfd. 01 94
A R R Icm sa.lol , _tOS's. | Eiilted A Eire sa, wo-*; loot* Do common 34
lAV-PaGfßß'ofiCalH'?,— ; 99 1 ITnitertßiß of Is. -S'*, 59 Philippine Tel&T Corp —- 25
Marin .Wat- A iTow. 55.799»A — * Val Counties i Pow 5«. 99;i---"«. I Head*** S***id'<*ate .... '—\ 132.,
Market .'Stißy7 H-m 5*..— .OHi! ','s STOCKS ""■■-. Savings In A T',2'o .; — .
Mid Counties CAR! 6s 99».f— j %la«ka Packers' .two. — ' 84 - |SernritT,Sarl-ies ; Rank. —
Mlll|,Val,**jMtTmßs*.loo&fstrM|AmiU-earaat-^"(On|Co.'lS2'i? 83«_|B F-Oak Ter Bra. A pfd o;u.,
JCatomas! Con of Cal «s — 92 'American Nat Bank. . 131 *_ Sterling Oil *- , Dev. .■ 1 ;.■-.'.—.*;■;
; iB yt Co ! of; Calf 5«. 307 I . —; I Anplo-Cal Trust C 0... — tfj 26 «41 Union -A S-i.sr ■Co .'.: X. . —7 - 22 1 .,
Nor C_l Rt 5s — 107«4 At.glo A Bank. — 153,. I'iiion Trust «>.";'... 2550 /— ■.--
Nor Cal Power Co 5<5..09«. —■ ' |-«- . | -
UNLISTED SECURITIES -
SALES MAY 22, -1911-. . . . , " .■
200 General Petroleum C0;'.'i......-,20.00, !.V 10 Pacific Gas _ Electric (pfdi.... 5<5.25-. -
125 Pacific Gas A Electric 7fc0m)T:i50;37»411 $7,000:Orphenm*■ Theater >&"«Realty sfis.loo.oo ;;
20 Pacific Gas A Electric 'pfd'... 86.50 S; j .
■ The following are the Jlatest quotations Jfor unlisted securities on the San
Francisco.Stock and Bond exchange: ; - - . •'./,"
■ , BONDS ' . I ' •' B'd. Ask.! Bid. Ask.
*.. . .Bid. Ask. Spen-KFlonr. Oal*'.". .'.*."> 99 : 100 * I Northern Elecßy. pfd. 44'_ —
Alaska-Packers- 6s...lOtTiinst. Tiir3ock;lrrlKatloisa';7— ( - SSt.l Do common .... ;7. 20 — I
fAmerSßlrer,eElcc|ss.l»4«4'B7-«4 United bight;* 6s. — 90 slOaklniJd-ißank* of Say. — 2"*2/4
Associated i Oil Ist ref SO »90 I United s Properties *i ss. * — 7 49*.Oakland Traction "• pfd. —;; 70,
Bay Counties 65.103 — . Do debenture76s. :rX s7 , — ■J* Do common — * 20
Blue Lakes iWatfbda.lo2 — 'Union** .Traction <Co 5«. —"' 94-*.'Oahii7 Susar * 24% —
Northwestern 5«.102»4 — Villa Site A Der Co 95% — jOcean Shore Ry.iiii; IV- —
Coast JVaDG&EniatOs.lOO' 101 7 'West S Hacto "■ Land -■ G*. — 100 !Oak. Antio*h ~ .... — s 21 7
Gen Petroleum 6*.... 59% 00%' WestiMtT* Gusrantv — 97" | Oroi Development Co." — >."40', X
Honolulu Plant 6s — 101 I Western Pacific 80% SI Orpheum i-stock;*;/;. 19% —~;'.
Hunt Land A Imp — - 101 Yosemlte Vai Rv 5«.. — » S3 ; 'Pac Coast Borax <0!dt.206. —
Modesto Irrigation Mi'"- 90% STOCKS (Pacific Hard A S pfd. — 95 .
Monterey,'&; P Grr 6s. — 97%1 Alameda Sugar •*.". — 20 ! Do -, common _;.;. ':"."*;> —*25 r.
Mt WbitDey Pow,; 6s. —** 102 ißank '.of: Italy AiiT:'::. 129 — x 'Pacific Port Cement... 59 — •
Natomas Der 6a — 100 {Bank of San Tone '— 7 170 ' Pacific , 'si**jElecjpfd'Ksyy 86*4
Do Land A *lin 6«. — " 100 Cal Cotton Mills .**.*".*.'■'.■; 60 72% '-. Do commo-i 50 50%
*SDos2d;mtgeS6s — 65 |Cal State Ltfe Ins... — 14, I Palace Hotel stock... — SO -
Nor Cal deb 6». — 96%iCal Pacific Title pfd. — 100 ! People's «,Water -pom..;.— 3%
Nor West Elec (subs).los 115 [Cal I Electric gen I nfd. 7S'; — I Pet A S.tnta Rosa Rv. 20' i —>;
Oak A Antloch Rr sa. — 82%' Central Cal Traction. 11% 12 Portugne«e-Amer|Bank —;- «2 ;;
Orpheumf 6s Xr.".. *;~:100. .-■'— [Central N Bof Oak. —■r 170-* ' Poulsen Wireless .... -- 26
Pacific Port Cement 6s 99 V — Central Parlngsßank. —- 77%' Ri\er«ld» Cement ..'.: 45; .— 1
Palace Hotel 6a — 107,4 Central Treat • .116*"—; [Standard 7 Cement . iii 17 25%
Pet A Santa Rosa si. — 97 Cypress J Lawn *.;*rv... ■3% — "." 'Standard Oil of Cal.. ! — 1«7
»aDo , GarrA'Trr;'iTtrj"rS94V4-—"Si Plantation C 0... — 26 S;F,r&?OakiTermlßy;.~ —i. 45 ;
Philippine Tel 55.':.. — * 91 First Nat Bk of. 0ak.200 —7 Ssn- Francisco Seenr.. 48 60 (
mDoiter?..:-..~...:. — 98 American Bnk. 97% WO San Joaonln ; l.'jht A P 19% — *; :
Rnerslde Cement 65.. 77 ' ;79 I General* Petroleum ... ' 19% —* I --* Do preferred y. ;...."; — • 00
SactoaVal* Power 6s. — 96 [Hawaiian Pineapple. .<—'. 42 ' Santa Cmr. C-ment.... — " 34%
S F „:s Joaquin V5*.11)7% — ; Honolulu Plantation:.;22'i7— Sjerry Flour ........ — 25
SEA Nor PaHfle 5*.101 "Alo_%l Do poo' 22 257 I*r Do preferred ;.."- "Xiii.— 300
Sierra ASF ! ss. — 97%' Honolulu I Oil tTiif. :x — .* 1 - jl'nioi Sar.pksof Oak. — 300
Standard Cement* 6*..; 01% Italian-American — .1157; (Weed Lumber C 0:....— ; 130 »
Standard* Electric 5«. 92 — Ker; Route pfd..: 84*47— Western 7 Pacific Ry... 8 8%
Santa 'Crux; Cement i6s — ' 85 Do ' common Pii".::::-~— 22 ,1 ' Weiig Fargo ! SNeTißk.l7o- -r —n .'
S F Gas A Elec i 4%5. 90 94 r [Mascot Copper ...:.'.*— 2 ! West Ccast Life Ins... — 200 --.
Do non callable A 02% Metropolis Tru«t ..... 70 -*-- j West . Sacto;Land; Co. — ;'7fil
South'.Cal*Cement* bds — 78 'Matson Navigation ... — 130 f, Western Realty. — v.«._o;«r:
South Cal ■- Edison Sss"**— * 95%' Merchants" Nat Bank. 85 95 ® Western?^M*at l Co.. - .-.102*4116; 7
South Tuba -Water 6s. — 106 Noble Electric ! SteeL. — 14 States Life... 8% — "
South Pacific? C«ast 4a - - 93 iNatomas Consolidated. 9% 12 ; Western k Power,' pfd... 47 —
So Pac S F Term 4s. 82 *:-— > [Nor *? West 4 Electric... 30 •—, ! ."."'.Do*. common ?.:":T." — : 16 -'
Sraset Telephone 35.. - 305 ]**"-"' "1. '. ■,-. ->, *. ■- / gJßgggT, .
Mining Stocks
«____*«_*t; : ",'"t. ;.',.S'S»a«BS9S«
w —— »■
Trad!:-!). in | the shares of 1 1 he ;Tooopa*or| mining
companies J was lor comparatively small propor
tion on the Bush street ?; exchange yesterday.
North Star being * the ? only ? issue &to s show any,
noteworthy activity, and it 'sustained j a substan
tial | loss E despite **ai late I rally«on S the fXewi York;
curb. Tbe JtTonopshS, market J leader lapsed i into
inactivity at the 9:30 a. m. '.•* session, and the
highest price bid at that time "was 65c. It
touched ,_ OOc after £ the ** regular I session, but it
Immediately,lcoajmencedgtoHdecline.fi end ,f closed;
at a loss of 3 points; from tbe day's high figure.
Tonopah f Merger and » Rescue f were f, also lower,
while,* Belmont % was the * firmest! feature »of the
market, advancing;to $6.50, sales and bid, fat the
afternoon Informal. session. *. ".* " *$9K&sm.
EH Merger J Mines g and Atlanta of -the | Goldfleld ;
group s were two of the a most t active 5 stocks |< on
the list, the latter being firm and slightly
higher jj on I the day. v* while :j the! Merger j advanced i
early and . declined later on J, what f looked f like.
a', profit taking ~, drive Opening sales 'gof,S'ttre_
Merger g were J slow,'** with « 25c /i the | ruling ft price.l
lmt r it | weakened | after * the * call s and l sold i down '
to 1 22c. Sellers were 5 offering I good | sized I blocks
of | the I stock |at I the Hatter * price "at . the close j of.
the !*" afternoon 9 session.**!*,.* Consolidated ■ remained \
weak at ' $2. Nevada Hills of the Pairview dis
trict * was :in good i request and i rebounded i tot 94c,
a f train \ of 1 4 1 points I overj,Wednesday *s| close.
B Weakness | continued to I dominate' the j north end
Comstocks. with £ Sierra g Nevada § making |a f very j
poor showing. The assessment of a**? share
announced Wednesday proved. too | heavy Ia i burden .
for the stock to carry, for it was ? sold to the
extent about s 5,000 * shares 9 at §Sftific.lfCon-,
Mii'datPd Virginia. Union, Ophir and Mexican'
were all weak, with price*-/. .howiug small re
cessions from the levels reached |«t| the close
Wednesday afternoon.
. ' - J9Basl
SAX FRANCISCO STOCK EXCHANGE
Following were the sales on the San Francisco
Stock exchange yesterday: lJ?js&i
Regular Morning , Session - • **
2000 Atlanta 17! 300 Man Big Four. 56
1 Belmont .. .6.27 2000 Rescue Eula ?g§ 17
\ 1001 Best iA i Belch. 1 06 ; 100 Savage SiTfTTTm 08
2000 Blue Bell ... 02 300 Sierra FSSS® 06
1000 Boston Ton .. 03■ ;5001 Sierra 3 Nev ... 05
«400'Con"|.Va7.M.*;.'.J?ll 500 Ton Merger ... 84
1000 Gld I Merger 3M 1 25 1 i 500 ' UmatillatfflTFrr*r%o6
*•*• .- Afternoon Session
1000 Atlanta 17! 200 Man Big Four. 56
13.500 Atlanta Am.'-* 8! 100• Mexican tfOrrrM 65
1000 Boston.Ton .. 03! 500 l Mou Pitts Ex. 13
1000 1 Cash »Bor-: ;**.: ■'. 10 500 ; Nev ':: Hills *frrf3gW
lOOOjColum;Mt.l b3O 02 700 Nev Hills 92
l4oO!CoutA'a3Mrr*. ,, fi|ll '4000 North Star ... 66
2000 Conqueror Con 02 3^oo, North Star ... 65
. 300 Crown t, Point.. 25 5 100 I Ophir 13
I*soo Dmdfld Daisy. 04 1000 Rescue Eula .. 17
4000' Old I Merger I M 125 f 200 ? Round IMt 457
lSOOOklJMergert M " 261 W*o ; Sierra Nev ... 05
2000 (il<V Merger MI 24 300 Sierra Nev ... .06
7000{Gld 1 Merger M 23! 200 Yellow Jacket. 25
lOOOiMacXamara.V.- 17 " tsSSIS.
!sßot&%mimss Informal »' Session .-* S -.r. 1
"f 100 Belmont *f?:Tr: 0.507000 1 North I Star ... 64
1000 Cent Eureku. .13 3000 Xortb Star ... 63
2000 Con Va f M 10J2000 j Oro 17
a 600 Gld Con M.. .2.00] 100t> ; Rescue; Eula .. 16
2000; Gl<ll Merger IMI 22! 1200 j Savage • 07
** 500 Hale tAS Xorc. 05 5 too i Keg | Bel<sher .. 06
1500 j Mon ! . Pitts , Ex. 13 3000 Sierra 1 Xev^?r*Hß 06
500 Nev Hill* ... 92 1000 Ton ...2.40
500 Nev Hills ... 94|1000 Umatilla 06
1000 North Star.. «5 -; 500 Union i Con na: 10
200 North Star .. 62',
hgSbg?- "-CLOSING yt'OTATIONS
CALIFORNIA.
Bid. Ask. 1 ' Bid.Ask.
Bunker Hi 11..1.90 —.Cent Eureka... 12 ,13
NEVADA *mM<m.
:*•*. . . Comstocks ss-.'
Bid. Ask. • Ask.
Alpha 01 02 Julia Con ..,':01"M* : s
Alta'SS'tl^rrT:^^S* ft -* i * l •*^^ s f"*ftf—ll 04
Andes S?7l?rrS~MO2 Kentuck Con.. 01 02
Belcher-....:. 10 —Mexican 65 566
Best A Belch. 05 Ottj.New York ! ... — 10
Bruns Cboliar. 10 '-" —Occidental .... 70 —
Brotw Potosl.. 10 — Ophir 12 13
Bullion .:.:..; 01 02 Overman .::..:'; 25 ~.—
Caledonia 80 1 i —jpotosi *! 01 o'*
Challenge 03 05|Savage 07 OS
Chollar 03 '04 Segf Belcher .. 05 07
Confidence ... 19 IS— Scorpion iKr7X*S 04 Mod
Con Imperial.. 01 02, Sierra Nev ... 05 06
Con Va M 10 11 Silver Hilt ... 0* 06
Crown .Point ?i*~ 23 * 24, Union Con ... -10 U
Exchequer ... OI OS Utah 0.1 03
Gooid sA * Cnr .A> 02 ~. 031 Yellowf Jacket. 24 26
Hale A Xorc. 05 06! :
**^-"^'*^s^_^- I ' rt nwk«l>i»trietK ; - * ■
Belmont , 6.50 6.55 Moo Pitts Ex. IS 14
Boston Ton .. 02 MO3 North fStar 't*:?M 62 fg_ 64
Cash Boy 00 10 Rescue Eula .. 16 17
Grt West ; Con. 01 02 ! Ton Extea .. .2.40 2.42
H_llfax*±:*:r." "— 1.00 Ton" Gypsy |<1_. , «06K«f
Jim Butler .. 86 ■ 588 Too;Merger>.trsß4HM
Ma.Namara .. 16 Ml 7 Too lof Net —6.00
Midway 4,3 M 45 Ton 176 ;* C 00... 05 OS
Mispah Ex .. 51 .~3JUm»tilla 05 »l
Montana -....". 1.45 1.55, West r End . ;;:. 1.15 1.17
•'••:., ■** J*•:;-.%'••'.• Ooldoei.»T IMstr'ct r-f/?*' J; **' :->.*■-
Atlanta 3 .'. r .';:i7 : lßlGMKewanas.-.-'Oft . 05
Blue Bell ... 01 m Old s Merger "; M. 21 *23
Blue!? 8u11*... 04 V. 05!«r_ndDM r-.-.."*" —:*<.J Oi
Booth fr.T*rhT: "*•; 04 r 105'Oreat ir Bend ,r.-;«,'oi*^; 04
COD rrf 04 • GUlGrt "Bend Anx. — 01
Columbia Mt.. 01 02!C,rt Bend Ex.-. — 01
Com Fraction. 04? or, Jumbo. Ex .... 24- : ' 25
Conqueror Con 02 - ai|J_Mje'Stsrj Cob.* 01 02
Cracker Jack.-'-- ftljOro .....:..,. ,'ie ..**• »7
Dmi s Butte., OS - 03Bed *" UltU'-.-; iOlv:- OS
/*/,** r. .r" ' v,-: X? ' ~ y.Xihxxy
: " * : "-* Chleaato i Grain and Prnviaion Future* i ;
' - (Fuvnished by E. F."i Hdtton ■",'&': C0".V'490 California street.) '■■Ay.
'. " CHICAGO, May.''22.— leading futures ranged as follows: - > , "
;•*'*•, Wheat • i '■ X'Xyy.X- y^X■ Open High .*>- Low ; r,7 7-Cloie : - r.May 21 .' Tear Ago •
X*la-r:.i: xri: :: A.: X.....:.., X $0.92 y 50.92% $0.911*. , $0.01 -777;50.92-.:•: 7 $I.ls ii'
'■July.-....'."-.'.' ..i..-. .00% .90% ' ,^f>- % .90' .90% 1.10%
y September.".*.-.:*.*:..: «9%' .80% .89% ' .89% , .89% . 1.04
December •.■*.*..7'irvr.V."*"..'■.';-:■." .91%' -.91% 7- .91% • .91% ' ► .9114 -• .1.05 .;•'
' - . Core ' . - v -
May —;:........:.: 57% .ST% . .50% :r.7% *. .56% .81%
y^Jwlji::.r.yx.y.yy.:.:::... :X 57H . .?i7% - .57 ■ .57% .57 -.76%.
«;September.**. .' ." 57%* .58% .57% .57% * .57% .73%
December 7V7.7..........: .*> 55', .50% -.55% .'. ' .55 - ; .63% •
®BK_Joets -y--.''■■•:? ■-' .'*'•'-••■'..'- s ■.-.■ -'■>- ■-'.-•*
7May..".:.v: -.*.:.....:- .°,f»' 3 . .41 • - .59% . .40% .39% '",-'-'-'.63%^
•*T»>ly-'- '■ 37% .."Si", .87% , .37% .37% .50%
-5eptember.:........."..;..... -.37- .37% -.30% ; .37% - .. .36% .42%
r7iDecember. v . r r.-.-*.r.*.* -..:.:' .37% .58% ' .37% .38 .37%* ■ .43 -'"
, . Pork— ' . -
May 19.72% 19 90 18.
.' July ..-.-:'..*..:.*;..;.*':*:.-... i:».« 5 19.67%- '19.60. 19.67%- 19.70 - 18.27%
September *.'...: *..*.." 19.35 19.35' 19.27% 19.35 19.40 ' X~~ 18.32%
BiftßsLard—■ - /■ " ..."-- v....'
May V.V 11.00 11.02% 10.95 11.02% 11.02% 10.45 '
"July...:; * :.. 10.95- 10.97%. . 10.02%- 10.95 7 11.00 -i '■>. 10.55 C
: September - 11.05 11.05 11.Po- 11.02% 11.05 10.75
3 '* Short Bits— . - ' ■ - .
SMay.-.V ...:.: 11.92% 11.92% 11.92% 11.92% ; 11.90 r 7 10.10 "
mi-aly..: '11.22% 11.25 11. U. 2.-.: " 11.27% 10.15
September :-;;;:•;::■'.*:::; 11.07% ' 11.07% * 11.02% • 11.07% 11.10' 10.80
Dmdfldf Daisy. 0.1 - 04; Red Top Ex.. —- 01
Florence ..*.-.. 40 42' Sandstorm Ken ;—-"• 703
Frances Mhk.. — " «l! Stiver Pick: Con ft 03 ra 06
Gld ; Bulldog... — "" f*-4'Spearhead Gold 08 . 0:*,
Gld Con M. ..1 2. Vernal .X. — 12
Gld Portland.. — 01' Yellow Tiger.. *C3i ■': 04
*-■ •. . -.Pistrict* -
Mayflower Con — 01 Tramp Con -'.-.- — ,01
Sunset !■■...:... 04 >•',
.• '- . M*-iha?"»-i District - .-.'
Dexter Union. * 017 ; 62! Man Dexter ..02 r' 03
Cold Wedge.. 0+ or. Man W Caps. 07 *.»
Man;; Amalgam' —7 03; x tin Hill Con.. — 01 ]
Mai Big Four T s'l * 58Morning ('lory. 7?Ot|^So2
Man 5 ' Con '00 .GSlMustang Man".. 02 OS
< i ' Other Districts-
Atlas Wonder. — HiP'tts Peak.. 50 54
Buckhorn Mm.1.30 — Coalition. :, — 0),
Eagle's IS Nest.. .;,. 02 A-.. 031 Pound JM t X .... ;«' 57.7 ■''■■' 58
Falrvw G Bid. ..- 0:1 Yellow Pine... 45 —
Nev Hills ... 89 96j -
•* __ —: ,
;■ " Oil Stocks
♦—— ♦.-
SAN FRANCISCO STOCK EXCHANGE
Bid. Ask Bid. Ask.
Asso Oil ..40.00 — Pyramid .... 09*tf«~
Carilwi .... 80 ,' ._>.,• 4. McK. -_ 17.50
Coal Natnl.. 00 —'Sovereign . ... OS 10
;Ill|Crnde;:; — (\:,< \v A R... 15
Maricopa ."6. -*- or, Sterling .'V.".™f_{a"Ji^»-
MonteiCrtstol|7s"l' M\y ■_ Oil Co. 1.05 —
Premier.,-... 28 —|
. SALES
11:15 a. m.—
Mso.*-Associated Oil .r:.*:..... ."..'.... 40.00
1000 Pyramid .10 11
LOS ANGELES OIL EXCHANGE
(Special Dispatch to The Cain - •
V.:;- ■'!»---*_SMP» v , . ... >..
-LOS ANGELES. May 22—Business at - the
local a stock fi exchange was Sof greater X volume/
; Transactions. In Associated I Oil 1 was the feature
' 2^t he l tr "* lln 90 1 "hares§ changing ■ hands la|
i $40.75. ;SQ Union < stock was f much" In * evidence 110
i shares being sold at $83.50. Trading In Cali
fornia Midway was/active toward the close f of,
tbe morning business. . National '* Pacific -'.was'
| also an active | stock. 21.000 shares V changing
hands. Amalgamated tscontlntiesttoibe.actlve.l
; Six shares were sold at $82.50 The'call: Vi'.*•••
Producer*— _fc*j Asked
f Amalgamated Oil Co <-_.00 82 75 *
American Petroleum Co. (pfd)l7o.oo 76.00'
American Petroleum Co." (eon. 50. »;,-," on
Associated Oil 40.25 40 37%
Bear Creek O. A M. Co 68 '_
I Brookshlre i Oil ',; Co.*"f'f*«S?^ i jg
California Midway Oil 7C0.. .17 'fyilSfS
Central ?^r.*r.r.~.."/*r.'.'f'rrmTt' ,v» '^(00l
[Columbia.- T.'iiii •....-. ,t*4 ' >.-. i...
i:Continenta%>r.* a ".:.'*rrrr:' -. .— v*"*tr>ili
Enos Oil Co 01 -*&£&
I, Euclid i Oil rf Co m??m??i?ii*: -.' " — '■ o„ P
! Fnllerton "~ Oil .rr:?T.tl"7*-?^--* -2.n0 *J">g3'Ooli
! Globe Oil Co:.". .*...; ,01 n***
Mt&i-tm&otrrz-TZtt-riri -.or. J
Maricopa Northern . .03% .04%
Meilcan^Pet»Ltd*,<com>*: T .T.*.-.* c.1.00 63.00
- Midwsv Northern -n?an?ii?ii :.V. 06 :" -f "»a*.oß» as
National Pactflc Oil Co ; ' -- . .04%
1 New Pennsylvania < Petrol .'— *Vf B5
Olinda • Oil -Co ..v.*.**.-...- *..- .*;.-. >*43*~
t Palmer ! OllfClo.^^fll*?fn 4 10
Pennsylvania Midway Oil Co. .07%
i Traders Oil ;.'; Co::.*.. r.'. .*.....> :oo* 50.00 *
Union X.T.i'Hi;:. 8.1.50 - A£2_tl
Cnlon Provident Oil Co 00:00 *_lißolsoM
UnitedKOH-C0...*.". ...... .;.'*- 18 _. -.
West Coast Oil.ipfdt 71,00 .'*^F=^-
Western, Union '.:; ?.:?.-. .*. TV. 70.00 100.00
•*®SBS7- ' A. SALES - , ? ! «r-'^*i?
, ' -,*■-- .'Morning Session:* •
§»»B.fAro»ljzamated -:■•;. .' 82 : 50 ft
,il; < st>gi**f>li'*v^lalMldWay|g^t*T?yr???W Irt
1,000 California Midway . .\T^rrtKt«Sffisffll
Oft Associated .~• 40.7.-1*"
2.000 Nstlonnl Pacific * ..■*■*&W*m
s|2.«f«lNa'tibn#lft.Pa>ifie>4^T-':'r*:-*r 041;
i 4.000 National Pacific .. i:V*^?£».M<ffl
13,000 Nat-Waal Pacific [04 v>
!^»*2|l_*alo»*ProTident- .**: ..'.*" •. *.; <«t .-„,'"
-; 10 Mexican Petroleum (pfd» *.... no 100
1 110 Union , S3 jjq
mjkv oil j sale* 'to the • afternoon. v*?
---»" AiXAPyZ iA\X> Xr~ * *'t. ,-•' :*,«v^* :
.. X. t * ... , """?: ....„.-*.. .. «r .... * v -..1. -
WHEAT DECLINES
IN CHICAGO PIT
Weakness Results From Re
y~ _ -w r • i -
port ;of Largest Yield ,*.
* Ever in Country
Big Sales to Speculators and
Packers Tilt Prices in
Corn and Provisions
: ' CHICAGO. May '-'-'.-- Heavy, profit
taking by Jongs today-gave the wheat
market a setback notwithstanding 11 ha t
•serious! damage sin Kansas ;; was. ; con -
firmed. The. do*.- was weak.; "with
prices ranging from 7?f.c .net decline to
%-* advance.; Corn *. finished *%c to x% <••
up,, oats -.-"a'-ygain';,of %c to le, and
provisions unchanged r to s<* down.
Urgent demand from wheat shorts
kept the pit 7tn;a; turmoil tlit greater ;"
part of the session. , More than once
' prices went tot* a ~materially;; higher
point," than yesterday's topmost Je/el.
The successive advances, howev-w,;ezi
countered sales of such magnitude that
one broker alone disposed of ,* 1,000,000
bushels; for leading holders.' / *
»■■•■ Finals weakness In .wheatresulted
partly from statements that* even al
lowing* 50 per cent damage in south
!west Kansas, the state would.'still; hare
a year's yield; of 7 00.000.000 bushels.
the largest crop ever raised. Oklahoma*.
dispatches also poodle ted a liberal t iy £k. j
tal. despite vin'ury..' from -dry.;; weather.
The fact that export bids had not he»n '*~;.
raised counted, too. against the bulls. ;
Seaboard clearances of wheat and
flour equaled 579,000 bushels. Primary
receipts of wheat were 636,000 bushels,
a year ago 314,000 'bushels.*; " I; ;..;
Corn;, advanced on account of big
purchasing by well known speculators.
They took the;-position-.' that nothing
'butibig|reeelpts hero; would check an
advance. When the buying ceased the
market slowly reacted ;; Many reports
; that crop progress J was * unsatisfactory , .
lifted the price of oats.
Selline credited to the big -packers ;
eased the provision % market. The best
demand- came "from pit traders in
fluenced by the" strength of coarse
grain.
Hutton's Chicago Advices
"Wheat —An extremely erratic mar
ket. Prices f sharply higher early, with
buying sentiment strong rvalues
scoring fair advances. Later, the mar
ket retraced its course, selling down to ;
below? ; yesterday's closing-prices.;; Pub
lic Interest in the 4 market has not ; yet
; been aroused to any appreciable ex
tent, and the trade has not yet taken
lat par many claims '.'of,;, crop deterior
| ation that were A received from a few,
i localities. . In fact, there have been
j some flat con traditions \ from?, reputable
sources of some of .*:the damage claims.
Kansas City 7 authority of high ; stand
ing summarized the situation early by
saying that the acreage affected r was*
2,500.000 out of the 7.250,000 in wheat
in the state. Allowing : 50' per cent
damage 7 would; still leave ..more; than
100,000,000 bushels for the state, or? the *■■*
largest crop ever raised. - 7 -
: "Corn trade lias expanded and broad
ened materially* today,,-< the increase,
however, as ?•; in (wheat... being * large! \ •
.duetto the anxiety of shorts to get
sunder;*; cover. There-has; also'been 7 a
great deal of buying fibyri enthusiasts.
who were affected to 7 some 7 extent by
the strength shown in oats. .•.
"Oats —Enormous trade in bats ".today
further high 7* points,7l established.
The increase in, business was in
the new crop months.;*:? May/delivery,
which made some material advances,
,was* dull in « comparison. ; 77,/
X "Provisions —Lower market for '< pro
visions. Hog receipts west were fairly -
libera!, and one of the larger local
ers sold a great deal of product,-"acco^d-" , f.' j .
ing to pit observers. 4 The best demand '•
was early and came from pit traders."
Xi "DOMESTIC AND FOREIGN - GRAIN i
* •■ -■ - ■ ■~,. •• ■-■. »
. -'-- **. ■.■'■ •-.*.-- . ■■.*',-"; -
Foreign Future* '-
LIVERPOOL '.
Wheat — • May. 7; July". Oct-.
Opening. A:?Xi.'X'y .Hi 7:6%, 75% 73%
Closing ::i .Ty.r~:.':V*.VVV':;:7 6% v; 75% 77,3%
PARIS
Wheat— - May.. Sept.-Dec.
Opening;."-'.:.;.". xi.:.:..:: .. $1-48% 7•■;• ft.4o
Closing ~..: ....'."".' 1.49% 7 1.39%'
Flour, per barrel — * -*
Opening - $6.50 ** $6.42
Closing ...'. - C.55 6.43"*
j- - "*...'■'. .- : "; .'.,.:.,'■.■-.■■.,...,,-' r.. _~.:r.. ... - .
~;. New' York Grain Market "
| NEW YOItK..May 22.—Flour—Firm. .
Wbp.it—Snot.easy. y No.--.: 2 red. ; nominal; No.'
1 northern * Dulutb. $1.00% jf. o. bis afloat: v '-■ Fu
■ tures were t stronger j during I the i forenoon *on , bull
ish | southwest f crop % news, which 1 proved 7t07- In
exaggerated,"-causing late sharp reactions.7;« May,
09 %c; July, 98c; September. 96% c. " ; " r
..'..., , "'. -. '■"«-..■.. ■ •; .
■ . Cash Grain and Provision* - ~,? :.
. CHICAGO, May 22. — Cash quotations were x<<
; follows :..
Corn—No. 2. 58% C: No. 2 white, 61%*W2%c;
No. 2 yellow. 58%g|39c; .No. 3, 57%®58%e: - No.
3 white, 61 %(*<{C2<*; No. .". velUw. No
4. 57"4«57%c; No. white. r 6lc;'No.- 4'yellow"
37 % 57 •■"**, c.-.„ ■* V■ 7 :-■'--•■ r.-i.'.5..-.,, v>...*; v, ,-<■•.-?*-■
Bye— No.*2; : 63*363' ..• - "r .7 •'.■■■..■*•, ;'■ ~•' ■
"r; Barley— 50*@68r. '■■•,-..* - '-',
'f "Timothy seed — A.y..
'.'-.Clover seedNomina'. ■
Nortbwent Wheat
- -"" WASHINGTON
i 4 SEATTLE.77 May 7 22.— Wheat—Bluestera. 90. ;
; forty-fold. 90c; ; club.! 89c; :. fife, BDc; v red Rus
sian,;: 88c.
Yesterday's receipts— ,71 car;•oat«, 2
cars: s barley.". 2 'cars ,- ha v. v 5 cars. ... - ■ -",_.
TACOMA.* May > 22. —" Wheat.—" Bluest.em.\ We;
i forty•fold.l 04c: t club,*** !'.*>; 1 red ; fife. 92.. v
'Receipts—Wheat. 20 cars: jbarley,""2 cars; oats,'
Shears; hay. C cars., .
" ■■ •• *+OREGON., - ■ -
PORTIfAND. May • 22.—Wheat, t prices—
Club. 01@0_c; bluest-Ma. : ;f<>rtv-fold,* 02
i@93c;tred3Kussisn,fS9<s9<k'Hvaller. w ;9l@92c.*k
Receipts—Wheat. 81 ear*; < barley, 22 cars
flour, 6 cars; oats. I car: hay. 5 ears. ~ ,-r; *
Minneapolis "Grain and Flax
MINNEAPOLIS. Minn.. \], v 22 Wheat
Mays* 88% - -:: . July. SO",; Sentember. on*.,-
Cash:; No. 1 hard. W%c; No.*. i northern^ 90%
fri, 02 •%<*;-; No;. 2 7 northern. 88%«00%c- *No ■■*••»
hard . ;: Montana.*;,- 91 %c; No. ;>, wheat' 88%
'« *!li" I ' r i~ R .*7-" '■*] '.' barley uo'-liaD"ed l.;•
Flax • SI..G-V
Corn —No. :\ rellow, fete
Oats- No. „ white. ~6%«a36a
Ry- — No. 2. 55 _.-"." ..-.
Xett York" Cofffe Market
New York Colfee Market
NEW YORK. May 22. —Coffee futures !op*.*~cd
steady with prices to 2 points lower
* under a renewal of J yesterday's selling movement
I' which was eucouraged by disappointing cables.
--| Offerings were f gradually absorbed by the realiz
ing of recent sellers and a little from
I; trade sources \ and • after j showing a | net - loss 'of *8
\or ■9] points the market rallied ; nil closed stead v.l
Spot ofliet: Rio No. 7. 1!%e: f Santos No. 4;
13% c; mild, quiet: Cordova. 14%@17e nominal
- COFFEE ENTIRES '-"jSmBSj
;*"»Optlon Open .liirti .1..,- Close
* l *F 11l B<V lO.SKe 10.86 c 10.8».
Xnne-I*?. r ?'r*fr:???ri , 1 in: 00**
■'gto&zrFgrrrxiv-.**- 10 m 10.90 c lo'V
August --11 Kir
*"V , V !n,,er »■■»■* ••■■•""• ii'o3_ n.m
Octolier **.*.-." -... -j, ..,;
N"(.-, ember -* •*' r "'**lii*i»t X
] l_^_^i^S&ili^i^^M"^
January . , "* 11 tv
February . : - "-' '.V,. iil?^
Vnni h n * We lilSc «i*B lllttc
'■iAßMia;'e6]iti'&£■■■'■' ...... .'—-A 11 it
Salea, 80,000 b*m», **■>*■&.
• . -. i
■-- -
