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FINANCIAL-COMMERCIAL NEW YORK STOCK AND BOND MARKET NEW YORK, Jan. 9.—The stock market 3u.d to contend again today with the effect of a violent break in one company's shares la which there had been inordinate tion based on assumed favorable develop ments, followed by intimations of coming disappointment of speculative hopes. These were conveyed in the reports of a heavy assessment involved in the reorgan ization of the New York traction situation. The effect was a 6 point break in Interbor ough Metropolitan preferred, which meas ured the extreme loss. : No definite information was forthcoming to guide the perturbed speculators in the stock.' Added to this factor of disturbance It became evident that support was no longer effective, If it was attempted in a I considerable number of stocks of smaller railroad systems which rave undergone re cently a process of speculative exploitation by the circulation of rumors of Increase in dividend distributions, of mergers with more powerful companies and by other sug gestions of coming happening* which would rebound to the profit of speculative holders in'these companies. The sentimental effect •was had on the whole list. Influence from abroad was bad, London ■ being dissatisfied with its monetary outlook. The call for relief of New York Is expected to lead a considerable outgo of gold, computations running as high as $20,000,000. Bankers re port continued quick sale of new bonds ■which they are offering and with no sign that the investment demand in that quarter Is satisfied. Many of the prices touched in the last hour were the lowest of the week «nd rallies were large and feverish. "The heavy tide of the cash inflow and the moderating of loan expansion assures the strength of the. next bank statement. . I Bonds were j easy. Total sales, par value, $3,616,000. United States bonds were un changed on call for the week. [jew York Stocks Special service to The Herald by Dick Bros. & Co., members New York Stock exchange, Bradbury building, Los Angeles. , Bid Ask Atlantic C L 108% 109 1 100 Allls Chalmers 15 % 15% ....... do pfd ............ 48% 48% 25.600 Amal Cop 81% 82 2,200 Amer Car & Fdy '....' 49 49% I do pfd 109 • 110 [. Amer Beet Sugar 21 21% do pfd 82 88 400 Amer Cot Oil 43% 43% do pfd 96 100 \ 500 Amer Ice Sec 20% 21% 100 Amer H & L pfd 36% 37 1,100 Amer Locomotive .... 56 66% „ do pfd 11l 112 38,400 Amer Smel & Rfg 85% 86% 1.200 do pfd 103 103% 800 Amer Sugar 127% 129 , do pfd 129 130 1.900 Anaconda .48 48% 3,900 A T •& Santa Fe 99% 100% 300 do pfd 101%% 100 B & O pfd ...:. 92 93% 5,800 B R T 68% 68% 800 Can South 176% 176% *...... Can Pac 176% 176% 1,000 Cent Leather ........ 30% 31% do pfd 100% 101% 2,900 C & G W 8% 8% „ - do pfd "A" 33 34% 1,700 do pfd "B" 10% 10% „ C & N W 176 176% 10,200 C M & St P 148% 148% „*...... do pfd 164 166 ....... Chi Terminal ........4 6 £ do pfd 12 20 300 CCC & St L 70% 70% „. . do pfd 101 110 17,300 Col F & Iron 41% 2,000 Col Southern 65% 65% '*.'..:.. do Ist pfd ........ 81% 82 3.100 Consol Gas .....126% 126% 600 Corn Pro 18% 18% ......... do • pfd , 73 75% ..; Cumb Ely .• 8 8% 200 Del & Hud 178 178% 2,600 D & R G 38% 38% 100 ■' ■do pfd 80 80% 400 Distill Sec 36% 37 ....... Duluth SS & A 16% 17% ..." do pfd 30% '31% 12.800 Erie 31% 32 900: do Ist pfd ........ 47% 48% 300 do 2d pfd 36% 37 100 Gen Electric 155% 156 _ 6,600 Gt Nor pfd. 145% 145% Greene Cananea Cop.. 7% 12 ■ 600 Gt Nor Ore ctfs 71 72% 900 111 Central 144% 144% 200 Inter Paper 12 12% . do pfd 56 66% Inter Pump 37% 40 *...... do pfd 84% 85 500 lowa Central 30% 31 ....... do pfd 56 57 7,700 X C South 41% 41% 1,500 do pfd ....... 72% 72% 900 L & N.... ....123 123% Manhattan 149 151 23,200 Inter Met 14% 15 18,200 do pfd 45% 45% ....... Mcx Central 24 24% ....... Mackay 75 ' 75% ....... do pfd ... .... 69 69% 2,100 M St' P & SS M 144% 145% 100 do pfd 157 157% 12.000 M X & T 42% 42% .do pfd 75 75% 6.500 Mo Pac 69% 70 1,500 Nat Lead 76 76% . V do pfd 105% 10jv4 800 Nat Biscuit 99% 99% do pfd ..• 118 Nevada Cons Cop 18% 18% 100 Newhouse Copper ... 5% 5% ....... N V Air Brake ... 89 92 7,400 N V Centra.l 126% 127 . X V C & St L. 53 56 ....... do Ist pfd 104 , 110 do 2d pfd 84% S5 ! 4,100 N V Ont & W 46% 46%; 600 Norfolk & West 86 86% do pfd 87 90 600 North Amer 73 75 6,200 North Pac 140% 141% ... Omaha 153 IS 5* do pfd 168 175 900 Pac Mall 33% 34 9,600 Perm RR Co 132% 132% 400 People's Gas 103% 104 Pitts Coal .'... 12% 13% ........ do pfd 46 49 500 Press Steel Car . 41% 42 100 do pfd 101 102 ....... Pac Coast 80 83% ....... By Steel Spring. 46% 47% ....... ■ , do pfd 102 102% 82,900 Reading 138% 138% :.. do Ist pfd '.. 90 92 do 2d pfd 92 93 300 Repub Steel ........ 25 26 200 do pfd 86% 87 14,600 Rock Island 24% 24% 16.100 do pfd 61% 62 ....... Sloss Sheff 63 66 ....... do pfd ....... 104 110 StL & SF Ist pfd 66 70 I 300 •do 2d pfd 40% 40% 28,000 South Pac ........ 117% 117% .>. do pfd .. : 120 120% '7,800 South Ry .; 25% 25% -600 do pfd :...... 61 61% 500 Third Aye Ry 37% J 38 --1,000 Texas Pacific .. 354 35% 77,800 Union Pac ........ 178% 178% 100 do pfd 95% 96% United Rds of 5F.... 35 39 •• do pfd 54 55% 200 U S Cast Iron Pipe. .■ 29 30 do pfd 71 72 100 U S Rubber .....33% IZ% do Ist pfd.. 104% 107" 41,400 US Steel Cor 52% 62% 1,900 do pfd ..........1.113' 113% 800 Va Car Chem 44% 44% do pfd ..: 112% 114 1,900 Wabash .....18% 19 13,500 do pfd 49% 49% ........ West Union; ......... 67% 69 Westlnghouse .......84 85 ....... W & L E 12 12% 3.000 Wis Central 86% 37% 1.600 do pfd .......... 70% 71 Total sales* 635.200 shares. New York Bonds ' NEW YORK. • Jan. 9.—The following were the closing quotations today: J U S rfdg 2s reg .V.103 Jap 4%s 2d ser 89% do coup ..........103 L&N 4s ..-.....:.. 100% do Ss reg ........100% Manhat gold 4s .... 93 Ido coup ......— 100% Metx Cent 4s ....... 86% * do 4s reg 119% do Ist mc £4% do coup 120% Minn & St L 45.;.. 84% Am Tob 4s 78% M X & T 45...;.... 88 do 6s 106% do 2ds *.;....;...... sg ■*-*<* sen is 100% Nat Ry Mcx 45..:.. 80; CARLOAD SHIPMENTS OF CITRUS FRUITS <•> Shipments of •' oranges and lemons <♦> : 4> from I/os Angeles Thursday, January <§> <■»> 7, were 99 carloads of oranges and 12 <*, <♦> carloads of lemons. " I <♦> <§> Total to date there were shipped « <§. 2844 carloads, of which 704 were <§>; <§> lemons. * ■ - <$> <*> Last season there were shipped <», <$> 3064 . carloads, of which 634 were <•> <§> lemons. ■ ■ f '- . <$> do adj 4s ........ 92 NYC gen 3%s 93 ! do cv 4s 103% N J C gen 5s 127 do cv 5s ..." 107 Nor Pac 4s .... 102% Atlantic C L 45... 94% do 3s 73% B & O 4s 100% N & W 4s 90 do 3%s 94 Oregon S L 45..... 94% Brook R T 4s 83 Perm cv 3%s 94% Cent of Ga 55.. 108% do gen 4s ;..... .-.104% do Ist Inc 79 Read gen 4s .......100 do 2d mc 60 Cuba 5s ....'.... 103 do 3d mc 105 Iron Mtn 5s 111% C & A 3%s 75 St L & SW 4s 7914 C B & Q 4s 97% St L S F 4s 85% C R IP 4s 76% Seaboard A L 45...65 do col 5s 90 Sou Pac 4s ........ 91% do rfdg 4s 91% do Ist 4s ......... 95% CCC & St L 4s 97% Sou Rwy 5s 106% Colo Ind 5s 75% T & P lsts 118 Colo Mid 4s 81% f St L & W 4s 83% Colo & So 4s 98% Union Pac 4s ......102% Del & H 4s 102% do cv 4s 104 D&R G4s 98 U S Steel 2d ss. 102% Erie pr In 45...... 88% Wabash lsta 113 do gen 4s ....... 73 West Md 43 85 Hock Val 4%s 106 W & L E 4s 82 Inter Met 4%s 76% Wis Cent 4s . 89% Japan 4s 81 NY NH 6s ctfs 135% do 4%s 90% Lake Shore 4s. 95% «1«» ♦ ■ ■ BANK CLEARINGS NEW YORK. Jan. 9.— The weekly bank statement of the clearing house banks for the week shows the banks hold $22,692,950 more than the requirements of the 25 per cent reserve rule. This is an increase of $1,725,660 in the proportionate cash reserve as compared with last week. The state ment shows: Increase. Loans $1,297,035,700 $23,815,000 Deposits 1,358,349,800 37,782,200 Circulation 60,254/200 106,700 Legal tenders .... 83.151,000 8,602,900 Specie 279,129,400 7,503,300 Reserve 362,280,400 11,106,200 Reserve required.. 339.587,450 9,370,550 Surplus 22,692,950 1,735,650 Ex-U. S. deposits.. 24,890,750 1,740,460 The percentage of actual reserve of the clearing house banks today is 27.08 per cent.. The statement of the banks and trust companies, not members of the greater New York clearing house, shows: Deposits $1,145,499,000 Cash on hand 112,301,100 Loans 1,056,502,900 FIRST WEEK OF YEAR SHOWS GAINS IN BANK CLEARINGS Tfce week ending yesterday has been one of the biggest weeks in the history of the Los Angeles clearing house. Payments through the banks averaged $2, --109,065 a day, the total for the six days being $12,654,394. This is an increase of $3,972,629, as compared with the corresponding week last year. It is also interesting to notes that an increase of $229,235 Is shown ovt-r the same week in 1906, the encouraging point in this being that January of that year was the record month tor bank clearings in Los Angeles. ♦-•■-♦ CHICAGO GRAIN Special service to The Herald by J. C. Wil son, member Chicago Board of Trade, Hotel Alexandria, Los Angeles. CHICAGO, Jan. 9.—Wheat was a nervous market with anything but professional and scalping gradually being eliminated. Weather not as cold as expected in the winter wheat belt and rain predicted for tomorrow. The fea ture of the day was the inauguration by the radian Pacific of a 27c rate from Canadian ports to Liverpool for all-rail shipment, which may mean direct export business, and which will enable Europe to secure wheat for nearby shipments pending the early arrivals of .the Argentine crop. Kansas City and St. Louis continue to report an active demand* for red winter wheat. In corn the tendency was lower, but business very dull. Receivers and cash grain men claim that com is pressing from both lowa and Nebraska. The market seems to us to have had advance enough to discount any conditions that now exist and should be sold on any fur ther strength. Oats 'followed corn, but the fluctuations were smaller, in fact it was such a small market that there is little to be said. Provisions were easier on liquidaion by local professionals. We are believers in provisions on any further declines. The" Inter-Ocean says: "It was said on the curb last night after the close that the break in wheat from 108 to 107% for May was due to selling by traders who had reports from Min neapolis . that the Sleepy Eye mill at Sleepy Eye, Minn., had gone into receiver's hands. It is a 5000-barrel mill and had been in finan- trouble for several days. It was the gos sip that the large cash business, which ag gregated 645,000 bushels . in all positions in the leading markets, the best in a long time, had encouraged the bulls and made a number of converts from the bear to the bull side j of wheat. One close observer called attention to the high prices of cash wheat in St. Louis. It was said that the bear side of- wheat is generally unprofitable when St. Louis ad vances to a premium over Chicago. A trader with close foreign connections here and at New York said that foreigners were short in both markets and should they start to cover here and in their own markets there was likely to bet lively advance. Sales in corn by the coun try yesterday were larger, particularly from lowa and Nebraska, and a little from Illinois, but most of the offerings were west of the Mississippi river. There is just enough sell ing against the country purchases to take the edge off the market, but the cash interests are not looking for a heavy movement unless prices continue to advance above the present level." Market Ranges Wheat— Open High Low Close May .' 1.07% 1.07: 1.06% 1.06% July .PS% .93% .97% .98 Sept 94% .94 .94% .94% Corn— May 61% .61% .61% .61% July .62 .62 .61% .61% Sept .62% .62% .61% ; .61% Oats— May .52 .52. .51% .51% July 46%. .46% .46% .46% Sept 39% .39% .39% .39% Pork— r Jan .»16.35 16.37 16.35 16.35 May 16.65. 16.65 16.55 16.57 Lard- Jan 942 9.42 ' 9.42 9.42 ! May 9.07 9.67 9.62 9.62 Ribs— ' Jan 8.45 8.45 8.45 8.45 May 8.73 8.72 8.70 8.70 —. «-•-•— — California Dried Fruits NEW YORK, Jan. 9.—The market for evaporated apples continued steady. Fancy are quoted at 8%@9%c; choice, 7%@>Bc; primp, 6%(#7c; common to fair, 6@6%c. Prunes are unchanged on spot, with new crop California ranging from 4%c to 7%c; Oregons, 6%@9c for gradea ranging from 40s to 50s. • Apricots are steady with choice at 9%© 9%c; extra, 9% 10c; fancy, 11%@13c. Peaches remain quiet, with choice quoted at 6%@7c; extra choice, 7%@Bc; fancy, 8% ©lie ■■ .-, . - ■. :; I Raisins are unsettled pending a clearer view of the situation on the coast. Loose muscatel are quoted at 5% @6%c; choice to fancy '• seeded, 7 Vie: seedless, 4%@6c; London layers, $1.50@1.60. The Metal Market NEW YORK, Jan. 9.—The metal markets' were quiet in the absence of cables. Tin was reported easy at $28.20®28.30. Copper was dull and unchanged at $14 50 ©14.62% for lake; $14.25® 14.37% for elec trolytic, and $14@14.25 for casting. Lead was dull at $4.17%@4.22%, and Bpeltnr was quiet at $5.12%@E-.17%. Iron was unchanged. LOS ANGELES HERALD: SUNDAY MORNING, JANUARY 10, 1909. FINANCIAL LOS ANGELES, Jan. Bank clearings were $1,733,242.24, against $1,494,670.50 for the corresponding date last year, an increase . of $238,571.74. i Followign is a comparative state ment: :'.' *■ 1908. . 1907. 1906. Jan. 4.. $2,663,492.58 $1,613,782.75 $2,105,044.38 Jan. 5..... 2.349,476.87 1,461,250.14 1,988,625.80 Jan. 6 2,264,454.45 1,462,001.53 2,144,228.57 Jan. 7..... 1,911,085.65 1,306,798.51 1,002,587.37 Jan. 8..... 1.732.642.98 1,343,262.24-2,100,527.25 Jan.. 9..'... 1,733,242.24 1,494,670.50 2,484,246.31 LOS ANGELES STOCK EXCHANGE Official sales—lo Home Telephone com. at $13.60; 2000 Glibe Oil at 17% c; 1000 do at 18c; 1000 do at 19c; 2000 Olinda Oil at 22c; 2000 do at 21% c; 10,000 do at 20% c; 5000 do at 21c; 1000 do at 20% c; 1000 do at 20% c; 121 Union Oil at $100; 30 Union Provident at $98.25. Off board— Union Oil at $100; 10 Union Provident at $97.75; 10 do at $98.25. Bonds Bid Ask. Associated Oil Co 89% 90% CalPacßwy. ! 96 100 Corona City Water Co .' .. 95 Corona Power and WCo .. .. 92% Cucamonga Water Co 100 Edison Electric Co. Ist rfdg.. 100% 103 Edison Electric, old issue 101 % 105 Home Telephone 87% 92 lie me Telephone Ist rfdg 76 - 100 L A Pac Ist con mtg 104% L. A. Railway Co 108% L A Traction 6s 107 - L. A. Traction, Co. 5s 104 Mission Trans and RCo 96% Pac Elec Rwy Co 103 110 Pacific Light and Power C 0."... 94% Pasadena H T and T Co 74 go Riverside H T and T Co 66 Riverside Light and F Co 92 97 ; S Monica H T and TCo 63 .. ! San Diego H T and T Co -80 Santa Barbara Electric Rwy • .. 98 Temescal Water Co 96% 101 United Elec G & P Co 100 Union Transportation Co 9414 95 U S L D T and T Co 75 Visalia Water Co . 100 Whittier H T and T C 0...*... .. 91 Bank Stocks Bid Ask. American National 117.60 122.50 American Savings 125.00 Jss!oo Bank of Los Angeles 120.00 Bank of So. California 135.00 Broadway Bank and T Co 130.00 California Savings 100 00 Central National 140.00 175.00 Citizens National 228.00 237.60 Commercial National 125.00 150.00 Faimers arid Merchants .275.00 First National 430.00 450.00 German American Savings 310.00 ..325.00 Home Say Bank of L A 110.00 125.00 Merchants National 460.00 .... National Bank of Cal 150.00 190.00 Security Savings 275.00 350.00 Miscellaneous Stocks Bid Ask. Cal Portland Cement Co 86- .75 Cal Hospital 60 Edison Electric pfd 86.60 Edison Electric co m 69.25 72.00 Home Telephone pfd 66.00 87.00 Home Telephone com •. .14 .15% L. A. Brewing Co 1.10 L A Investment Co * 2.45 i.fSS Occidental Life Ins Co 150.00 Pac Mut Life Ins C 0....'.* 203.00 .... Pasadena H T and T Co 28 40 Riverside H T and T Co '40 San Diego H T and T Co 20 S Monica B H T and T pfd .so Sun Drug Co 120.00 Seaside Water Co 50 .71 Title G and T Co. pfd 175.00 20o!oO Title I&Tr Co pfd 135.00 165.00 Title I&Tr Co com 135.00 165.00 Title I& Tr Ser C 135.00 165.00 U S L D T and T Co .'..... 45.00 49.00 Union Trust Co BO 00 Whittier H T and T Co 92!oo Oil Stocks Bid Ask. > Amalgamated Oil 81.75 100.00 v Associated Oil 37.50 38 00 Biookshire Oil 2.00 Central 93% . 98 Columbia 1.08% ! Continental 24 .35 Elk Cons Oil Co • 04% .07 Fullerton Oil 90 1.05 Globe is% .20 Mexican Petroleum 1.32 1.37% New Perm Petr Co so 50 Olinda CHI Co 20% Perseus Oil Co 25 ""34 Plnal Oil Co 7.25 11.60 Rice Ranch Oil Co 85 1 10 Union 100.00 101.00 Union Provident Co 98.00 99.00 United Petroleum 100.50 101.60 Western ULnion 78.00 ..... Sales for the Week Ending January 2 Bonds— High Low Sales Value Mission Tran Co 97.00 95.00 1.00 $970.00 Industrial— Edison Elec com 70.00 68.50 20.00 1,371.25 Home Tel pfd... 54.00 63.75 60.00 3,236.25 L A Inv Co 260.00 240.00 3000.00 7,200.00 Oil— - . ' •■: . Associated 89.00 37.75 670.27 21,566.97 Central 94.00 93.00 2000.00 1,880.00 Columbia 117.00 110.00 500.00 570.00 Fullertion 1.05 .90 1000.00 1,000.00 Globe Oil 16 .15 9000.00 1,380.00 Olinda ......." 23 .20 1000.00 226.25 Perseus .35 .29 5000.00 1,750.00 Union Oil Co ...102.00 95.50 190.00 18,658.75 Union Provldnt. 98.00 94.50 300.00 28,788.75 Western Union.. .90 .70 10.00 900.00 DAILY MINING CALL Official Bales—lo North Butte at $83.75; 10 Greene Cananea at $12.25; 15 Old Dominion at $56.75; 10 Osceola at $134; 10 Trinity at 17c. Listed Stocks CALIFORNIA GREENWATER DIST.— Bid Ask Clark Copper Co .' 09 . ... Furnace Creek Copper ...'. 10 .18 Furnace Creek Ex Copper 02 .03 Ktmpland Copper Co 01 Cal Hills M Co 08% .11 Cons Mines Co .01% .02 NEVADA GOLDFIELD DIST.— Goldfleld Cons Mines 8.30 8.65 Goldfltld Wild Horse ... .04 Goldfleld Storm King G M Co .03% Nev Goldfleld Dcv Co .02% Round Mtn Lehigh M and M .01% JOHNNIE DIST.— Johnnie M and MCo 15 '■ ... SEARCHLIGHT DIST.— Nevada Searchlight .'......„... .00% Quartette 10.50 Searchlight Parallel 03 .04 TONOPAH DISTRICT— Belmont 78 .83 '.-« • » ; NEW YORK COTTON MARKET Special service to The Herald by Dick Bros. & Co., members New York Cotton exchange, Bradbury building, Los Angeles. NEW YORK, Jan. 9.—The census report gave the amount of cotton ginned to January I as 12,470,000 bales. This was just about what the trade expected. The market opened up strong on good cables and bullish visible supply figures, which according to the New York cot Inn exchange showed a decrease of 45.000 aeainst an increase last year of 14,000. This was the first decrease for the season. There was rather heavy profit taking with the exception of a few minutes after the opening the undertone was generally steady. Bullish sentiment is helped somewhat by "large sales of print cloths at Fall River. Following was the range of prices today: Option— Open High Low Close January 9.07 9.07 9.05 9.07 February 9.08 March 9.18 9.18 9.09 9.11 April 9.03 May 9.15 9.15 9.08 910 June 9.09. 9.09 9.08 904 July 9.02. 9.08 9.02 908 August 8.93 8.92 8.92 8.96 September g gg October 8.75 8.78 8.76 8^77 November 8.78 8.76 8.76 877 December 8.75 8.75 8.74 8^75 PRICES OF METALS IN NEW YORK MARKET NEW YORK, ■ Jan. —Copper, lake $14.50@14.63%, electrolytic $14.12%® 14.37%, casting $14@ 14.25. Lead, $4.17% @ 4.32%. Tin, $82 @28.30. . • ~ 'J 'Silver,' 51%e. - i■:>■"■■,-.■ - r?•;'£'.s MINING QUOTATIONS Yesterday's quotations of the Los Angeles-Ne vada Mining Stock exchange were as follows: i"v; ~'li, California Bid Ask California Hills .'..... .09% .09% Consolidated Mines C 0.... .~. .01%' .01% JOHNNIE DISTRICT— P' Johnnie M and M Co .16 .17% Nevada • ■ TONOPAH DISTRICT— Jim Butler 17 Midway Extension 24 .25% Montana 75 , .76 OTHER DISTRICTS— Nevada Hills .1.60. ... Searchlight Parallel .02% .03 Rawhide Coalition 72 J .75 Leon G and S .16 Duplex Contact .02% .02%' Clara Cons ... .65 Mt. Games ;. .:.. 03 .06 GOLDFIELD DISTRICT— .;,} Combination Fraction ............ 1.30 1.32 Daisy >. - .65 Florence ....'....;.' 4.30 4.37% Fiances Mohawk ...10 ... Goldfleld Cons Mines 8.25 8.35 Great Bend .1 .20 Jumbo Extension 22 .24 Little Florence ..' .11 Baby Florence 02% .02% Blue Bull 13 .13% Booth 24 Grandma .04% ... Oro %.. .13 J. Eureka 02 .02% Goldfleld Trinity : 10% .10% Mllltown Fraction 01 .01% BULLFROG DISTRICT— Hcmestake King 12 .13 Montgomery Mountain 07 ... Alliance '.'..... .01 .01% Lige Harri3 , 3.00 3.50 M OIL STOCKS— • Associated Oil 87.50 38.50 Cei.tral Oil 93% .94% Globe Oil .18% .19 Mexican Petroleum pfd (60.00 Rice Ranch Oil 82 1.05 Morning Sales 32,000 Alliance at 1c; 5000 Baby Florence at 2%c: 7000 Blue Bull at 13c; 1000 Booth at 25% c; 6000 Cal. Hills at 9%c; 400 Combination Frac tion at $1.30; 100 Daisy at 64c; 6000 Duplex Con tact at 2%c; 10,000 Duplex at 2%c; 8000 Eureka at 2%c; 2000 Homestake at 12% c; 7500 Jim But ler at 17c; f 1000 Johnnie M and M at 17% c; 1000 Lige Harris at $3M; 2000 Tonopah Midway at 24c; 300 Tonopah Montana at 75c; 1000 Mont gomery Mountain at 7c; 3000 Searchlight Paral lel at 3c; 1000 Trinity at 10% c; 10 Associated Oil at $37.50; 700 Central Oil at 94% c. SAN FRANCISCO QUOTATIONS (Exclusive dispatch to The Herald by L. A. Crisler & Co., members Los Angeles-Nevada Mining Stock Exchange, 305 San Fernando building. Los Angeles). SAN FRANCISCO. Jan. 9.—The following were the closing quotations today: Goldfleld district— Goldfleld continued- Bid Ask Bid Ask Adams ........ 3 4 Yellow Tiger.. 16 17 Atlanta 15 16 Gold Bar 21 22 Booth 25 26 Diamond Train 3 4 Bla?k B Ex... 1 2C. O. D. 37 39 Blue Bull 12 13 Tonopab district— Blue Bell 4 . 6 Belmont .'. 80 83 B B Bonanza.. 1 2 Jim Butler.... 17 18 Comb Frac....130 132 Midway 25 26 Conqueror .... 6 .. Montana 73 - 75 Cormb Frac...lßo 132 McNamara .... 34 '35 Crackerjack .. 4 6 Tonop Ming 630 Daisy .62 64 Tonop Ex 45 50 Dla B B Cons 10 11 Bullfrog district— Dixie 2 Bullfrog Ming. 1 Empire 2 8 Bullfrog N Bk .4 6 Florence 437% 440 Bonnie Clare.. 5 7 Goldfleld C0n..835 840 Golden Scepter.. 1 Kewanas 25 26 Gold Bar - 1 Great Bend.... 20 22 Homestake Kg 11 12 Gt Bnd Annex 4 5 Montgmy Mtn. 7 8 Gt Bnd Ex.... 5 6 Mayflower Con 9 10 Grandma 4 5 Tramp Con 10 11 Jumbo Ex 23 25 Manhattan district- Kendall 10 14 Manhat C0n.... .. 8 Lone Star .... 7 8 Manhat Dexter 3 4 Milltown Frac. 1 2 Seyler Humpy. 1 2 Oro 13 14 Thanksgiving .. 4 .. Red Top Ex... 6 7 Other districts- Red Hills 15 16 Nevada Hi 115..163% 167 Sandstorm .... 20 22 Pittsb S Pk.... 84 86 St. Ive» .. 20 Round Mtn ... 91 93 Silver Pick.... 11 12 Rhide Coaltn.. 72 73 BOSTON COPPER MARKET Special service to The Herald by Dick Bros. St Co., members of eastern exchanges, Brad bury building, Los Angeles. BOSTON. Jan. 9.—The local stocks were dull and it was almost Impossible to sell them, the bids being so few. The market is extremely narrow and satisfactory prices cannot be ob tained on selling orders. Following were closing quotations today: Bid Ask Bid Ask Adventure .. 9% 9% Lake Copper. 21% 21% Ariz Cornel.. 35% 36 Miami 15 15% Ahmeek .....145 150 Majestic 79 81 Arnold ...... 50 100 Michigan .... 12% 13 Arcadian ... 3 3% Mass Copr.... 5% 6% Allouez 37 38 Mayflower ... BO 70 Atlantic 17 17% Mchawk 68% 69% Bingham .... 20% 21 Nev Utah 2 2% B State Gas 65 66 Nev Cons 18% 18% B Coalition. 26% 36% N Butte 82% 82% B & London 35 40 Niplsslng .... 9% 10 B & Montnal3s 136 Old Colony... 60 Blk Mtn 3% 3% Old Domin... 56 56% Boston Con.. 15% 16 Osceola 131 133 C & Hec1a..665 .. Parrot 28% 29% Centennial ..32 33 Phoenix 50 100 C & Ariz.. ..116% 117 Quincy 94 85 Copr Range. 79 79% Ray Cons .... 8% 8% Cons Mercur 32 33 Rhode Isl 5 5% Cum Ely 8% 8% Shannon 17 17% Daly West.. 10 10% Santa Fe .... 2% 2% Davis Daly.. 3 3% Sup & Pitts. 17 17% Dom Copr... 45 50 Sup Copper... 34% 35 Elm River... 2 2% Sup & Bost.. 16% 17 E Butte 8% 8% Trinity 16 16% Franklin .... 15%- 15% Tamarack ... 78 80 First Natl... 7 7%JTenn Copr.... 45% 46% Granby :. 108 United C-,ipr.. 15% 15% Giroux ...... 8 8% Utah Cons... 44 1 45 Globe 7% 7% Utah Copr.... 45% 46% Greene Can. 11% 12 U S M & S.. 44% 45 Hancock ... 13% do pfd 46 46% Helvetia .. |4 4% Victoria 3% 4,% Isle Royale.. 23 24 Winona ...... 6 6% Kew Copr... 5 5% Wolverine ...150 151 La 5a11e,.... 14% 14% G G Cons 8% 8% NEW YORK CURB Special service to The Herald by B. F. Tay lor, 524 Citizens National Bank building, mem ber Los Angeles-Nevada Mining Stock ex change. NEW YORK, Jan. 9.—Following were open ing and closing quotations today: Open. Close. 'Bid. Ask. Bid. Ask Goldfleld Cons 8.43% 8.50 8.31% 8.32% Florence 4.43% 4.50 4.43% 4.50 Comb Fraction .... 1.28 1.31. ,1.29 1.31 Daisy 63 .65 .63 .64 Booth .25 .28 .25 .27 Atlanta 16 .17 .16 17 Red Hills 15 .17 .16 .17 Silver Pick 10 .12 .10 .12 Great Bend .21 .24 .22 .25 Belmont .78 .85 .78 .85 McNamara 32 .36 .32 .36 Jim Butler 15 .17 .15 .17 Tonopah 6.31% 6.50 6.31%-6.50 Tonopah Ex 60 .53 . .50 .53 West End 33 .33 .33 .35 Tramp .09 .10 -.09 .10 : PittFburg S Peak.. .85 .90 ' .85 .90 ! Shoshone 93% 1.06% .93% 1.06% Montana ... - ... .75 Nevada Hills ... 1.70 1.75 Greenwater ... ... ; .06 ' .07 Furnace Creek ... . .12 .14 Coalition .65 .67 .70 .73 „; COMSTOCK MINING STOCKS (Special service to The Herald by B. F. Tay lor, 524 Citizens National Bank building, mem ber Los Angeles-Nevada Mining Stock ex change). ' / SAN FRANCISCO, Jan. 9.—Following were Opening and closing quotations today: Open. Close. Bid Ask Bid Ask Ophlr j 1.52% 1.55 1.50 1.65 Mexican 92 .93 .92 .93 Gould and Curry... .13 ... .13 .14 . Con Va 72 .73 .72 . .73 Savage ; 36 .38 .35 .36 / Hale and Norcross .35 .36 .34 .36 . Yellow Jacket 67 ... . .71 .73 Belcher 48 .49 .48 .49 Confidence 1.60 1.35 Sierra Nevada...... .31 .32 .28 .30 Exchequer 35 .36 .35 ..; Union 42 .43 .40 .41 Chollar 20 " .20 , .20 ... Potosi .12 ... * , .12 ■ m » »" — Cotton and Wool NEW YORK, Jan. 9.—Cotton futures closed steady; closing bids: January and February, $9.06; March, $9.10; April, $9.06; May, $9.09; June, July, $9.02; August, $9.95; September, $8.82; October. $8.76; November. December, $8.73. Spot closed quiet; mid dling uplands, $9.40; do gulf, $9.65. Sales none. ST. LOUIS, Jan. 9.—W001, unchanged; medium grades combing and clothing, 18% @23% c; light fine, 16%@20%c; heavy fine, 10@16c; tub washed, 23@31c. San Francisco Shipping SAN FRANCISCO, Jan. 9.—Arrived: Steamer Fulton, San Pedro. Sailed: Steamer Coos Bay, San Pedro. 20 BUILDINGS FOR REDLANDS ARCHITECT PROCEEDS WITH UNIVERSITY PLANS BAPTIST INSTITUTION WILL BE AT MESA Combination Woman's Club and Ma sonic Hall for Sierra Madre—N :w Building on South Main Street Architect Norman F. Marsh has re ceived instructions to proceed with the plans for the first group of buildings of the University of Redlands to be located at Mesa. The entire scheme is for twenty buildings, all of which will not be erected at this time. Plans have been completed for a combination woman's club and Ma sonic hall at Sierra Madre. Plans have been completed for a two-story loft building to be erected on Main street near Seventh street. A local architect has been commis sioned to plan a four-room school for the district of Burleigh. The Fowler memorial of the Pasadena hospital is nearing completiton. Architects re port a general picking up in business and numerous jobs in sight. The Builder and Contractor reports among the architects as follows: Architect Lester S. Moore. 705 Audi torium building, has drawn plans for a two-story eight-room frame residence on Miami avenue between Fifth and Sixth streets for Dr. G. L. Hutchinson. It will contain all the features of a first-class home. Architects Neher & Skilling, Pacific Electric building, have prepared plans of a two-story brick loft building, 50x 150 feet, to be erected on the east side of Main street just south of Seventh street. The property is owned by a syndicate composed of C. F. Skilling, Dr. Ralph Williams and several others. The building will have a front of pressed brick, plate glass and iron and gravel roofing. Architect A. C. Smith, 307 South Broadway, has been commissioned to draw plans for a four-room frame school building to be erected at Bur lelgh, in the Hawthorne school district. It will contain, besides four large, well lighted recitation rooms, quarters fof teachers, principal, anterooms, etc. In the basement will be the toilet rooms, store rooms and heating plant. A grav ity system of heating will be installed; also a first-class system of plumbing; Two.Story Frame Architect Frank M. Tyler, 600 Union Trust building, is drawing plans for a two-story ten-room frame residence to be erected at Seventh and Catalina streets, for the Los Angeles Bridge and Construction company. It will have stone porch and front, stone mantel, furnace heat, hardwood floors, pine trim, etc. The same architect has drawn plans for a two-story eight-room frame resi dence to be built on Van Ness avenue, near Washington street, for Dr. E. A. Clark. It will have pine and redwood inside finish, hardwood floors, beamed ceilings, paneled walls, blue brick front porch, furnace and first-class plumb ing. Architects Hunt, Eager & Burns, Laughlin building, have taken bids for a fine two-story frame residence to be built on West Adams street near Hoo ver street, for J. L. Garner. The same architects have made plans for a combination Woman's club build- Ing and Masonic hall to be built in Sierra Madre. It will be two stories and basement, 74x80 feet and have au ditorium 36x48 feet, with stage and dressing- rooms for both sexes. The auditorium, by means of folding doors, can be enlarged 50 per cent. In the basement portion will be a well-lighted gymnasium. The second story is ar ranged for Masonic hall purposes. The building will have brick and concrete basement walls and frame superstruc ture. The interior, except roof of audi tcrium, will have plaster finish. Open timber will be employed for the audito rium. It will have furnace heat, elec tric lighting, plumbing and strictly modern in arrangement. Architect Norman F. Marsh, 206 Broadway Central building, has been instructed to proceed with the first of the group of buildings to be erected for the University of Redlands, the new Baptist college, to be located on the Mesa overlooking the valley. The structure to be erected at' this time is the administrative building, and will be in the center of the quadrangle on the south. It will be a two-story rein forced concrete building, 60x156 feet, with red clay tile roof. The ground floor will contain eight recitation rooms, heating plant, bicycle and locker rooms for both men and women, and the general toilet rooms of the build ing. The main floor will contain the registrar's office and reception room, president's office, office of the dean, temporary library, faculty, toilets and six recitation rooms. The upper floor consists of biological laboratory, chemi cal laboratory, private laboratories for each professor, science lecture room and several other rooms. The recita tion and laboratory rooms in this build ing are only temporary, as its use will be for administration purposes now pending the erection of the other build ings to compose the group, which will be twenty in all. Pasadena Buildings Architect C. F. Driscoll, Chamber of Commerce building, Pasadena, has pre pared plans of a two-story frame resi dence to be built on South Pasadena avenue for J. B. Raynolds. It will con tain eight rooms, bath, closets, etc., and have cobblestone foundation, shingle exterior, oak and maple floors, built-in bookcases, two-paneled doors, plate glass windows, white enamel finish, Woodstone dralnboard and sink back- Ing, furnace, gas and electricity. The same architect has made plans of a six-room cottage to be built at Washington street and Fair Oaks ave nue for W. D. Rosenberger. It will have hardwood floors and beamed ceil ings in living and dining rooms, mantel, gas and electric lighting, cement steps and porch, built-in sideboards, seats, etc. It will be built by day's work and will cost about $2000. The same architect has made plans of a two-story, eight-room frame resi dence to be built on Palmetto drivo for J. D. Phillips, late of Chicago. It will be built by day's work and have cobblestone foundation, shingle exterior, beamed ceilings in living and dining rooms, hardwood floors, white cedar trim, gas and electric lighting, two bathrooms and toilets. Architect C. W. Buchanan, Kendall building, Pasadena, has made plans for the remodeling of the first floor of the Kendall building, on North Raymond avenue. A basement will be excavated under the entire building and the walls underpinned. The basement will have cement floor and the building 'put In shape for occupancy by a prominent dry goods firm. The work will be done by W. O. Crowell, under the architect's supervision. Matthew Slavin has the construction work of the Fowler Memorial building at the Pasadena hospital well toward completion. The exterior being about ready for the painters. Clearing House Banks . XAME OFFICERS ' Citizens National Bank **• j. raters, president. A. J. WATERS, Cashier. S.W. corner Third ana Mal^ jffiffffigg^. $m.OOOL Broadway Bank & Trust Comoanv warren gillelen. president ID F V R. W. KENNY, Cashier. 808-810 Broadway. Bradbury building. Surplus an^U^lv^d^Proflts. $205.000. United States National Bank isaias w. hixlman. president F. W. SMITH. Cashier. S. E. co^er Main and Commercial. Suf'anTp^hts. $60.000. Commercial National Bank w- *• bontnge. president NORMAN ESSICK, Cashier. _ 402 South Spring, corner Fourth. Surplus and'fn'dlvlded Proflts. $35.00». The National Bank of Commerce F- M douglas. president IN LOS »\TifTlf< CHARLES EWING. Cashier. Xt' » ' ■ »« M>B \>GELES Capital. $300,000* N. E. corner Second and Main. Surplus, tgS.OOOi '■ , Tparmers & Merchants National Bank L w hellman. President. *** CHAS, SEYLER. Cashier. Comer Fourth and Ma|n. &$£ j^^ Si. m. QQd First National Bank J M- eluott. President. W. T. S. HAMMOND. Cashier. S S.E. comer Second and - 'fig S^ffgUwiL TV/Terchants National Bank w- h holljday, President * j JLYi . MARCO H. HELLMAN, Cashl«r. 8- E. comer Third and Spring. ggff£,' $500.000. American National Bank w F- botsford. President WM. W. WOODS. Cashier. - ™ _ Capital. $1,000,000. °- W. corner Second - and Broadway. Surplus and Profits. t175.000. National Bank of California J- E- fishburn. president. Q. W. FISHBURN. Cashier. " W. E. corner Fourth and Spring. Surplus"and^uTd'mded Profits. $130,0 Mi /Central National Bank george mason, president S. E. corner Fourth and Broadway. . Capital. hsurplu 8 . $200,009. f^IECJITMIirir OLDESTAND URQEST.nSOUTHWESI ti\^@r/C^vyiiN>^?N' i^'lliD^ A\"^yif(s^' <H» "^SOURCES over $ 9"0 000 OOft^'' ; Established 1879 New York, Philadelphia, V i Boston, Los Angeles. DICK BROS. & CO. Members New York Stock Exchange, ■ New York Cotton Exchange and other important exchanges. Execute and finance all trades. Direct Private Wires. C. E. CRARY, Manager Main Corridor Bradbury Building. Both Telephones . A 796° ■ • ' ■ - : - Mali. 223 A Title Insurance and Trust Co. j (Corner Franklin and New Bleb Streets) : „ , ISSUES POLICIES OF TITLE INSURANCE. ISSUES CERTIFICATES OF TITL.BL ACTS ITS All TRUST CAPACITIES. TEL,. EXCHANGE 13. ANNUAL CONVENTION OF BAPTISTS OPENS COMMITTEES APPOINTED AND REPORTS READ Young People's Union of Southern California Holds Largely Attended Session and Elects Officers The eighteenth annual convention of the Southern California Baptist socie ties was opened last night in the Firat Baptist church with a session of the Young People's Union of Southern Cali fornia, which was largely attended. W. D. White, president, presided at the devotional service in the afternoon. H. P. Tates gave words of welcome, which were followed by the appoint ment of committees and reports of of ficers and department superintendents,. J. F. Watson spoke on "The Budget Plan." Officers elected for the ensuing year were as follows: A. F. Albach, presi dent; Charles Short of Pomona, Fred W. Duncan of San Diego, D. W. Itigg of Golita and H. N. Conrad of Los An- j geles, vice presidents; Lulu Ross, re cording secretary; Harry Chase, corre sponding secretary; Howard Martin, treasurer; Newton Van Why, transpor tation leader; Clara A. Fenner, super intendent of missions; Mrs. G. Van Zandt, superintendent of junior work; Mrs. W. L. Tucker, intermediate super intendent; J. D. Fox, superintendent Christian culture course; May Gear nart, superintendent quiet hour; Rev. Mr. Bailey, superintendent tenth legion; H. T. Gates of Los Angeles, Joy D. Janeson of Corona, Grace Kerling and Carrie Smith of Los Angeles and D. C. Barker of Long Beach, board of direc tors. E. H. Brown opened the praise ser vice last night. "The Past, Present and Future of Baptists" was the topic of an address by J. Harvey Deere. The Philathea and Yokefellows classes will hold a session at 9:15 o'clock this morning, and at 11 o'clock this after noon a service will be held, and this evening there will be a volunteer ser vice. ♦ « » San Franscisco Closes Strong Taylor Special to The Herald. SAN FRANCISCO, Jan. 9.—After showing considerable weakness and heavy liquidation, buying orders came in closing the Tonopahs and Goldfields very strong. Wingfleld has been a heavy buyer of Oro at 13 and has bought upwards of 40,000 at that price. Fraction also in demand and looks higher. Looks like a chance on the long side of all the Tonopahs and Gold fields. Coalition people have obtained more funds and looks safe for a dollar a share, but great judgment should be ussed in buying this stock. _♦* » ■ Sugar and Coffee NEW YORK, Jan. 9.—Sugar, raw firm; fair refining, 3.25 c; centrifugal 96 test, 3.27 c; molasses sugar, 2.98 c. Refined, quiet; No. 6, 4.25 c; No. 7, 4.20 c; No. 8, 4.15 c; No. 9. 4.10 c: No. 10, 4.00 c; No. 11, 3.95 c; No. 12, 3.90 c; No. 13, 3.55 c; No. 14, 3.80 c; confec tioners' A, 4.50 c; mould A, 5.00 c; cut loaf, 5.45 c: crushed, 5.35 c; powdered, 4.75 c; granulated, 4.65 c; cubes, 4.90 c. Coffee, steady: No. 7 Rio, 7%@7*4c; No. 4 Santos, 8%@8%c. " —. < » » Glendale School Is Completed Glendale's new school house on Sixth street, is completed at a cost of $10,000. It Is bun galow style, has five class rooms and three large halls, also library and office. The city of Ctlendale is making extensive street im provements and is also looking for the cars to be running there from Eagle Rock by Feb ruary 15. — •-•-» San Pedro Imports The imports through the custom house at San Pedro for the year ending December 31, 1908, and the important items of merchandise total as . follows: Lumber, 386,528,000 feet; shingles, 224,568,000; laths, 43,144,000; shakes, 8,395,000; railroad ties, 374,827; assorted merchandise, 40,023 tons. . «■ » » ■ ■ Will Erect $5000 House I. M. HolUngsworth will erect by day labor at 1715 Westmoreland boulevard, a mod ern 9-room frame residence, to cost $5000. 11 Home Phone Ex. 366 Sunset Main 3170 E. F. Hutton &Co. 112 West Third St. Members N. Y. Stock Exchange. Direct private wires to all exchanges. Pasadena customers rail 08 Home phone (no tolls.) B. E. BURNS, Manager. Hotel Alexandria, Mills Buildl' Los Angeles. San Francises J. C. WILSON Member New York Stock Exchange, Chicago Board of Trade, The Stock and Bond Exchange, S. T. PRIVATE WIRES. Now Is the Best Time to buy the most desirable local bonds and stocks at attractive prices. . JAMES H. ADAMS & CO. 111-113 West Fourth St., Los Angeles. Cat LINSEED OIL 60c Bring your cans.' Albert L. Walter 627 South Spring F1055. Main 1055. LEGAL NOTICE NOTICE OF STOCKHOLDERS' MEETING LOS ANGELES TRUST COMPANY i Notice is hereby given that the annual meeting of the stockholders of the Los An geles Trust company will be held at the banking room of said corporation in the building of Los Angeles Trust company on the northeast corner of Spring and Second streets, In the said city of Los Angeles, Cal.. on the 21st day of January. 1909, at 3 o'clock p. m., for the purpose of electing directors and for the transaction of such other busi ness as may be brought before said meeting R. WANKOWSKI. Secretary. l-6-15t Notice of Shareholders' Meeting The regular annual meeting of the share holders of the National Bank of Commerce In Los Angeles for the election of directors and for the transaction of such other busi ness as may come before the meeting, will be held at its banking office In the city of Los Angeles, county of Los Angeles, state of California, on Tuesday, the 12th day of January, 1909, at 3 o'clock. Polls will be open from 2 o'clock p. in, until 4 o'clock P m. of that day. By order of the board of directors. CHARLES EWING. Cashier. ' 12-12-3U Chicago Live Stock CHICAGO, Jan. 9.—Cattle receipts about 400; market steady. Beeves, $4.80@7.50; Texans, $3.40@4.60; westerns, $4@5.50; stockers and feeders, $2.85<g>4.90; cows anil heifers, $1,755? 5.15; calves, $7.50<§>9.50. Hogs—Receipts about 18,000; market 5c lower. Light, $5.40@6.10; mixed, $5.65® 6.25; heavy, $5.10@6.30; rough, $5.70@5.85; good to choice heavy, $5.85@6.30; pigs, $4.50@5.60; bulk of sales, $5.60@8.15. Sheep—Receipts about 2000; market steady. Natives, $3.10 @ 5.75; western, $3.15 @5.85: yearlings, $6©7.25; lambs, natives, $5@8.10; western, $s@B. Found It High "How did you find that medicine I jrescribed \for you yesterday?" "Rather expensive, doctor."—Tonk >rs Statesman.