Los Angeles herald. [microfilm reel], June 02, 1910, Page 7, Image 7

About Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911

Image provided by: University of California, Riverside; Riverside, CA

                
RAILROAD STOCKS
SUFFER DECLINE
Action of Government Against a
Freight Rate Advance Has
Effect on Market
COTTON REPORT FAVORABLE
Private Estimates Make Material
Additions to Acreage.
Bonds Are Weak
NEW YORK", Juno I.—Measured by tho rate
of shrinkage In prices, the stock market offers
a strong Impression of the sinister support
given by the speculation to the action 01 the
federal government fiKalnat th) railroad freight
rates Advances, The tall In prices today,
added to yesterdny' ■ 'decline, carried St. Paul
and Reading down '■' « before elTectlvo re
etstancii w.i encountered, Many other actlvo
«tocka showed lobbcs for the two .lays' move
ment of between 5 and 8 points.
The result was the abrupt establishment of
prices at the lowest level ol tba year for
all principal railroad Blocks. The showing
wan less striking in the ease of the Indus
trials, but the weakness In that liioup was
sufficiently acute 10 leave room for a pre
sumption ot their exemption from ; the In
flueiiro common to the whole speculation.
■1 he appeal to the principle of unlawful con
cert anil again In the making of the
schedules contained In the government suit
Is what proved Die greatest shock to specula
tive sensibilities. The. advocacy In party
platform and In official utterance! of amend
ment of the laws to penult usreement on
rates seemed to be taken as an assurance
of exemption from prosecution on the »cure
of Identical charge* by the different roads.
The prospect of being held responsible tor
restraint of trade on the mere score of this
Identity of 1 - hi dule is greatly feared as a
threat of something like chaos In the rate
situation. .
The supremo court decision In the Missouri
river and Denver rate cases upholding the rul
ings of the interstate commerce commission
supplied an effective supplement to the
federal Injunction suit as a depressing In
fluenco on stocks. The shaping of the railroad
bill in congress received Increased considera
tion as Indicating thi tendencies toward
federal treatment of th« railroads.
It was considered not without significance
that the rally In the market followed the
news of the defeat of the amendment for
physical valuation of railroads. The postpone
ment of the coal rate Increases from Indiana
and Illinois mines was tnken to indicate the
general effect to be expected from the move
ment 1.1 opposition to these Increases.
Private estfmatcs "i Increases In cotton
acreage awakened expectation of a favorable
government report tomorrow. Increase in ex
ports Of copper for the week did not prevent
a further shrinkage In the London visible
supply of that metal.
Bonds were, wee.k. Total sales, par value,
13.269,000. ,
United States bonds unchanged on call.
NEW YORK STOCKS
Special service to The Herald by J. C. Wil
ton, 212 West Fifth street, Los Angeles, mem
ber New York stock exchange, Chicago board
of trade. Block and bond exchange of ban
Francisco. «
NEW YORK. June I.— Following wero the
quotations today: _„ , ,
Bales. Stock. High. Low. Bid. Ask.
Allls-Chalmers J' •''»
100 do preferred U 33 33 So
83,700 Amalg Copper ... «SVi 6<>% 67M 67?,
1,800 Am Beet Sugar .. SBVi 3414 -»* ,3»
do preferred 91 •'■•
MOO Amer Con Co .... 8% 9 9% ■'«
1,900 da preferred 71 M 70 71
3.100 Am Car and Fdy.. 6014 6614 68Vi mi
300 do preferred 1151, 114 11314 lfT.Vi
Amer Cotton Oil i;! 63
m Amer Express ■■ 24' 1 * -I'l
800 Am Ice Securities. 2314 3814 -' -'
100 Amer Unseed 12H 12% ''-"i 13
100 do preferred 34% 34% 83 .11
1,800 Am Locomotive ... 46 45 48 '■ 'j
do preferred 1"5 108
37.000 Am Smelt and Rff 76% 74 76* ,S.i
1400 do preferred 104 10314 103% 10374
100 Am Sugar x-d 1%.110 113 IN* '--
do rfd do "' 122
500 Am Steel Fdra .... 53% 51 6214 5214
4,800 Am Tel and Tel. ..[phone]% 136
100 Am TobOOOO pfd... 85V4 ; Bo\4 95 86
MO Amer Woolen 3S 8:1 ■-'_' '•'■''
MO do preferred B>H 984 '■'-:- M ,
3,300 Anaconda 4214 40';. '''- "Vi
I,too Atlantic C Line.... us iin'-j 119H
53,200 A T « Santa Fe..105% 102% 104% 1041J
Bio do preferred 103 100% 100 101H
13,100 Bait & Ohio 112 10914 111 lUVi
. . . da preforred 10 Dl
16,700 B It T 78% 7714 78H ?M4
6,600 Canadian Pacific..l9sl» !:'-'■» MM 194%
15,500 C& O M.l 83 S.V.i 83%
100 C & A 45 45 4514 48
1 100 O & O W new.... 57 2514 26% 87
"00 do preferred 4314 48 49 M
I 100 cA N W 148 14714 148 m:i
38,300 c M a si P ittVi 123 Vi 130H 130%
do preferred .. 161V4 16*
5,400 Central leather .. 37% 3614 3714 37%
600 do preferred 108 101 I lOCI 4 10714
Cent of N J 870 880
600 C '' 0 A St L.,.. 8014 79 SO 81
da preferred '"" 105
1,400 Colorado I'" and I. 3614 35 3514 3i14
.... D.i preferred 114 US
Columbus H C & 1 .. ■■ ■'1i 8
600 Colorado Southern. 60 69 68% M
do. it preferred.. .. ■■ 76 78
do Del preferred 76 78
13,600 Consolidated Qa5..137 134% 13114 13814
1,200 Corn Products .... II 1414 14! 15
3110 do preferred 70• i 76 74 WH
1,000 Del A Hudson ...107 16514 1*714 l"s'a
DL & W 6lio 800
"' 200 D ,v R Q k... 38 MM 37% 38
1,300 do preferred 7914 78 7814 , 7814
Diamond Match 98' i ;isl
-1,500 Distil Securities ■• 80 SB 28V4 80
100 Duluth 8 s & a.. 11 14 1.1 15
do preferred 25 88
7500 Erie 37 M 2614 2614
1,000 do Ist preferred.. 45 43!» 4814 4414
200 do 3d preferred.. 34% SIVa 33' 8 85%
1,500 General Electric ..117 14114 14014 117
1,100 Ot Northern Ore.. UK CO 61' 6114
8 800 at Northern pfd..132 129% 13114 131%
1,600 Illinois Central ...13314 18014 13:1 134 V,
6,700 Interboro-Metro .. 19% 18% 19 19%
3,200 do preferred —53 6114 52% . BSVfj
600 Internat Paper .... 12 1114 n IH4
200 do preforred 5114, 6114 61 61%
600 Internat Pump .... 4614 4514 45% 411V4
MO do preferred 8) 8«N 8314 85
600 lowa Central 1914 19 18%,. 19
....... do preferred 37 . 39
2,20(1 X C Southern .... 33V4 ill's 3214 M
do preferred .. 81 17
200 L. E & Western .. 1614 is 15 16%
....... do preferred .. 45 V 65
400 L A, X 11414 140 142% 143
100 Mackay 8714 8714 8614 8714
, do preferred .. 7514 7«
200 Manhattan 134 132 1321, 133
1,600 Mexican Central .. 87 2614 inj 26%
....... Minn & St L. 10 85
. ... do preferred .. .. 80 881 1
■. 800 M It P & 8 B M.. 188*4 136 1:17';, 138 Vi
800 do preferred 148 148 145 151
5,100 M X & Texas 39V4 35% 80% 40
700 do preferred CB',» ''7 eiili 671 i
4,100 MlbsouH Pacific .. m 6514 81 67V4
3,500 National Load ...761i 7814 71 74%
, do preli rred 10714 10814
300 National Biscuit ..106 106 10.1 106 Vi
..■..,.. do preferred i-" l 124.14
3,600 Nevada Conn 80H 'in% 11)% 2014
200 N V Air llrake .. 69% 6814 M 71
19,600 N V Centra! 116% 11414 IU% 11H
200 N v C & St L. 61 61 61 8814
...'.... do Ist preforrod 100 110
„, do (d preferred 85 00
...„'.. N V N II & Hurl .. .. .. 155
6,600 N v Ont • W .... 44% 4314 UN 44%
3,800 Norfolk a Weutrn.loo% 0914 100% 101
„ tin preferred .. 83 PS
1 900 North American .. 7014 69% 70% 7014
13.300 Northern raciflo..l2«' / , lit UtN 126%
FINANCIAL-COMMERCIAL
Omaha 140 IS?
....... in preferred .. 155 165
Pacific. Const 109 I' 2
700 raclflc Mall 2.'i"i 2J'i 24 24%
60,300 Penna it i; Co 132% 120% 13114 131fli
1,800 People Gas 10»% 108 10614 101
700 Pltti burg Con I .... JO 1814 19 20
do preferred .. 00 70
• boo pc r * Si Ij 100 MM MM on%
do preferred - - 110 115
wo Pressed Steel Cor. M Si 36 • 37
mo do preferred 98 •'■; 9RV6 90
800 Ky Btool Springs.. 3914 38 as SSTi
300 do preferred li 100 95 100
513.M0 Readim i ■.', 153 l&Mi 166%
100 do Ist preferred., 01 '.'I 90 DIM
1,7(10 .1.. 3.1 preferred., 99 97! ■ 58 09
I, 00 i:. public B and I. 33% 80% 32 32! i
1,100 'i.. preferred . „ 8714 Iffl'i 0«"4 97
81,000 nock Island '■-.-.. 40% 3X% 4014 40"i
700 do preferred 87 B6 85 *7
700 Blom Bhef 8 and I. 7114 70% 7014 7114
.1.. preferred US 123
■ 200 SI I. A S V Ist pfd 65 63 62 '..;
1,400 do Sd preferred.. Hi 43% 4414 4414
100 II I. & :• '-'i 31% 3014 81% 8114
1,200 do preferred 7414 73 7314 74
78,800 Soutlirril l'arlflc.l2l% 118% 12114 12114
2,000 Southern Railway. -■■ ■, 2514 2814 25%
1,1111 do preferred 61 89V4 60% 61
.r)i«l T. mi.. nee I loppor.. 2614 ■■'. 25',i 2>"i 1)»
1,800 Texan Paclflo BOH 2V4 -;';< -1"
300 Third Aye « 614 814 5%
800 Toledo St I. « \V.. 3374 32 3114 IS
do preferred 81 62
Twin City R T 110 lllVj
Un Rag and Paper .. .. 714 9
.1., preferred 69 68
111,000 Union Pacific . . 17*% 175 176% 176%
goo do preferred ''i ■ 9314 03ft 93%
United IM.I of S F .. .. 32 34
do preferred .. 62 64
li s Cast Irn Pipe .." .. SOI S3
do pi. 1.1 i-.-'l .. 70 73
1,8(10 II s Ruhber S!> 38 3914 sa',a
600 do li preferred..lll 110 lMli 1"
200 do 2.1 preferred.. 76 78 76 78
374.1(10 I' B St. .1 Cor 7!) ni T-'S, 7:.' 79%
4,S<V) do i," fern d li;, 116 11614 116%
1,7.1.1 Utah Copper 45 . 42V4 44% 4:'
11,000 Va-Car Cliem Co.. 6994 &8 69% 59? i
do preferred IS) 124
3,300 Wabaah 19% 18% 19% 20
15,200 do preferred 13! 33% 43% *■'•
Wells Fargo Ex 167 175
400 Western Union ... 67 ''.7 87 M
3,4 ft) Westlnghouse .... 62 53 BOW 60
300 W & i. i: IH 414 31i ''-
do prtferred .. 10 1!
do :.l preferred 4 414
duo Wisconsin Central. 60% 4fl l)i So"i 61
700 Am lll.li) end Lea. 1 6 8 614
1,000 do preferred .. . 8814 341 i 35% 3614
Am AKr and Ch»ni .. .. 4-' i 4314
do preferred 100 1"3
Beth Steel 264 2714
do preferred .. .. B7
Nut Una I an.l S.. .. 1914 -"'ls
do preferred S3 95
400 ;■,,'■ Tel and Tel .. 13 33 OH 35
.1., preferred .. 00 100
4,700 Internal Harvester 964 94V1 '"; ";'
--100 do preferred 1224 122 12014 122
200 V 8 Realty 73 7214 72»i 73
800 West Maryland.... 4514 41': Wi' «5
Total lalSf, 1,362,700 shares.
NEW YORK BONDS
Special service to The Herald by J. C. WII
-lon, IU West Fifth Rh."t. I.us Angeles, mem
ber New Ynrk stock exchange, Chicago board
of trade, ptnek and bond exchanso of San
Francisco.
NEW YORK. June I.—Following were the
closing quotations: Bid. Asked.
Atehi on gen Ii 9H<,4 98%
Atchlson cony is „..10614 IMVi
Baltimore & Ohio Ist 4s 9714 98
11 I! T 4a 82M 83
Colorado Industrial in •'>
IT B Realty 5s W'i w ,
Hock Island col 4s 75 "n\
Southern Pacific ref 4s 314 J*
Southern Pacific 00) 4s 90'; !«i%
Union Pacific let 4s 101 101>,4
Unleti Pacific cony 4s 10314 l(1-'-4
U s Steel 5s 103% 103T4
United Railway 4s 7"
Wabaßh deb Ii ''74 M
Western Pacific Bi lril! ;''
Japanese 4* -'"'- *•
Japanese Ist 4'is 4>, 3 !•» :
Japanese M 4'ts 9414 Wi
Bouthern ''■< « 0 cony 43 M '•' 1
Denver & it c; ref 6a M
U s2s.. [d WO* ]<»!'*
U s 2a coupon "'"■"•« ••
r 8 3s regd '"- 103
U 8 3s coupon ■•■■''- 1"3
r8 4s rCKd 114% m .
II s4a coupon 11414 lla *
Panama ia ..-100% 101
Panama H'3Ss i"" =« 101
FINANCIAL RECORD
nf.w YORK. June 1. Money "n "iii! steady,
::,,.i', per cent; ruling rate, 3Vi per cent; clos
ing bid i\i, offered al 8% Time loans dull
and slightly firmer; sixty 'lays. SVi per cent;
days, BKQ I ■ -v!^ months, 41,
par cent
(•fuse: I'rime mercantile iiaper, 4?4©6(4 r»r
ling exchange weaker, with actual busi
ness In bankers' bills al 4.8404.8428 tor slxty
!,, bills and al 1 V7i'> for demand. Commer
, |ai bills, 4 BJ' 04.84.
Bar silver, 63Vic,
Mexican dollars, 4lc
Is—Oovernments steaily; railroad! weak.
NEW YORK COTTON
6peel.il servloe to The Herald by J. C. \V!I
-son, 212 West Fifth street, Los Angeles.
NEW vohk. June I.—Trading In today's
msrkel was on a very much reduced
scale, which was entirely natural after yes
terday's exoltement. The opening prices f..r
July showed an advanoa of 25 points, while
October gained 3. This waa shortly followed
by selling which carried July a few points
below J sterday'a lowest, while October was
supported at about yesterday's low level, In
the afternon prl I quietly, bringing
the moM active hm-k to the opening level,
which, all things considered, waa rather »«>
--iry, ai they showed galna on the day's
work. Spot cotton waj B polnta higher,
yu.itations ranged a* follows: —CI
Open. High, i.<"v Bid. Ask.
.Janunry 12.20 18.83 M.09 12.21 U.2J
March U. 82 12.21 12.22 13.54 i- 1 :i
1,,,,,. 14.36 12.:]s 18.26 14.87 14.88
july H. 45 14.46 14.16 14.41 14.44
Aukusi 13.99 14.06 18.80 14.06 14.06
September U 87 IS OS 12.87 18.011 IS OJ
October 13.48 18.44 13.48 18.40 v. II
November 13.83 13.58
Deoember U.lO U.BB 13.10 13.36 12.27
Spot notion., 14.65 a; B point! higher, quiet.
PACIFIC COAST TRADE
SAN .FRANCISCO. June I.— Flour—
extras, J5.5006.20; bakers' extras, $6.80Q0.20;
Oregon and Washington, 1506 ,
Wheat-Shipping, $1.45@1.50.
Barley— $101.10; brewing, $U2!&@1.16;
Chevalier nominal.
Oats-Red. $1.2714®1.3714; white, $1.4714<51.57V4;
black nominal.
Mtllstuffs— Middlings, $27{J30; mixed feed,
$24t£30; rolled barley, $23©24: oatmeal, $4; oat
groats, $:t.80; rolled oats, $2SS'29.
Hay—Wheat, $12@16.C0; wheat and oat, $9(9
IS; wild oat, pill; tame oat, 19018; alfalfa,
$B®H; straw, 40©il5c.
Beans—Pink, $6.15@6.35; Lima, $4.35^4.40;
small white, 14,4004.60; large, $3.75@4.
Potatoes—New, 75e©51.26.
Onions— Fancy, $1.40; common, $1.20.
Parlous litiiu peaSi 7fic^ll.BSi string beans,
; egg plant, s,(iin-; green poppers,
tomatoeß, UO1.50; summer squash, 5Oo0$lt8S;
asaparagUli 50oO$1.50; rhubarb, su©7sc; garlic,
.;., |i . , ucumbers, UOl.lt.
Poultry Live turkeyi nominal; old roosters,
I; j -inn-, 5.1 10; small brniL'rs, ■ I
large, I8.50O4! fryers, 18.6007.50; hens,
old ducks, 8607; young, Jsujlu; geese, |2®2.50;
pigeons, |I.6oitiil.
Receipts—Flour, 473:1; wheat, IMOj barley,
"is, 51); beans, i'-i'O: com, 17S; potatoeSi
1420; ' onions, 4401 bran. :',US; mlddllnss, 240; hay,
825; hides, UHOI wipe, i 5.400.
AVAILABLE SUPPLIES
NEW Yi'KK. .luno I.—-Special cable and
iphlo communications received by
Bradatreet'i show the following changes in
available supplies as compared with previ
ous account; .
Available supplies; Wheat—United States
east of Hookies decreased 1,963,000 bushels;
Canada decreased 1,032,000 bushels; total
United States and Canada decreased 1,966,
--000 bushols: afloat for and In Europe in
creased 900.000 bushels; total American and
European supply decreased 2,095,004 bush
els.
Corn— United States and Canada de
creased 347,000 bushel!.
Oats—United States anil Canada de
creased 1,754,000 bushels.
LOS ANGELES HERALD: THURSDAY* MORNING, JUNE 2, 1910,
FINANCIAL
I/OS ANOBI-ES, Juno -Bank clearings
were 13,416,986.88, an Increase of $775,672.13 as
compared with the amount for the correspond-
Ing .laic of laal year. Following Is a compar
ative, statement:
1010. 190 S. 1908.
May 30 • • * 11,034,174.88
May 31 13,844,837.117 $2,207,633.35 1,925,173.79
Juno 1 3,415,085.88 2,610,313.75 1,940,112.21
•Holiday.
LOS ANGELES STOCK EXCHANGE
The market on th« exchange Wednesday wag
a buay one In the morning, but the afternoon
found ill-- brokers more or lean ltbtlesn in
their trading on account of the heat.
V The bond* and bank stocka were Quiet, with
the exception of the Home Issues and First
Nuiioiiiil, which was offered at 1500.
Among th.' oil stocks trading was active.
Associated was a good t radar, selllnfr off
■lightly at the close, however. It waa called
..li the New York stock exchange for the nrpt
time, and It was fully expected that this
stock would go up on this account, but It
failed to do ao. Cleveland was active and
gained quit" a little over yesterday. New
Pennsylvania, while not a heavy trader, whs
■ ii' 111 iiit; bid. Union was ateady and Arm,
but not a heavy trader. Mexican common and
the real of Hi" Mexicans showed no particular
feature. California Midway wu active, open-
Ing at yesterday's prices, selling down to 60
and then back up to 66, at which price It
.iii.-.-ii Oleum, In the non-producers, was a
shade weaker.
The mining stocks were quiet.
MORNING SAI.KS
20 Home Tel pfd 37; 1 150 Associated Oil Co
52.751 60 do 53; 20 do M.B7H; do, B. 80, 53.25;
3000 CaJ Midway 57; 2"X) da 56%; 800 di i7Vi;
2000 do sii',i; '■•• • do K!i; 300') do 6O')i: 4000 do
:,'..'.; 7000 do 53; 2000 do 56; 1000 do, U. 30, OS;
300 Cleveland 37\; 1000 do 37T«; 1000 do 8814;
HjOO do 38%; SOOO do, 1; 3", 3fi; (000 do do 3S'j;
200 New lv, 1.22; 11 Union Prov Co 106.60;
16 Union 108; 10 Mexican Pet com 87.60; 3000
Oleum In v Co 9%; :'" I do, B. 30, 914.
AFTERNOON SALES
40 Home Tel pfd 37; 10 Associated Oil 52.57;
10 do 62.6214; 20 do E. 2.50; 10 5-'.37'i; 1000 Cal
Midway 5614! 9000 do 56; 1000 do 55?4; 1000 do
„!.'„; BOM do 5674; 1000 do, B. 30, Mli; 2000
Cleveland 38V4; 1000 do >■'„ 2000 do 38%; 1000
Oleum De( Co 91i; 1000 do 9; 1 Union 107.70.
BONDS aid. a,w.
Sid. Ask.
Amerlcnn Petroleum Co „ S4 86
Associated Oil Co Be! 4 'J714
Corona City Water Co 02
Corona Power and W Co 89
Cucamonga Water Co 9514
Edison EI»o Co Ist r 103
E llsi n Eli ■■ Co old issue 101 108
Home Telephone Co 80 S3
Homo Tel Co Ist fdg "3 75
I, A Pao Ist con mtss 1044
I, A Pac Ry Ist rfuß 100
L A Railway Co 110
I, A Traction Co 6a 102 110
I. A Traction Co 6a 101 106
Mi nil .mi Nat'l Gas Co 100
Mission Transport and n C 0.... !>614 9714
Pac II." Railway Co 101 lOBVt
Pac Light *: Power Co »714
Pasadena 11 mi T and T Co 80
Pomona Con Water Co ......... 58
Riverside ■ H T and T Co 75
Fanta Monica II T and T Co ' 80
Pnn Diego Home Tel Co 76
San Diego H T and T Ist mtgs .. 81)
Ti mi ii ai Water Co 99
Union Transportation Co 90 9214
r ri Long Dlat T and T Co 63
Vlialla Water Co 99
Whlttler Home T and T Co *0
HANK STOCKS
Bid. Ask.
All Night and Day Bank 12fi.00
Untile nf Southern California 120.00 .
Broadway Band and Trust 160.00
Central Na'.lnnal Bank 178.00 WO.OO
Citizens National 230.00 531.00
Farmers and Merchants Nat'l...
Federal Bank of L A 12.50
First National 500.00
Herman American Svga 333.00 345.00
Home Havings Hank of L A....116.00
Merchants' National 600.00
Merchants' Bank and Trust C0.150.C0
National Hank of Cal 190.00
National Bank of Com 100.00
The Southern Trust Co 75.00 85.00
(50 per cent paid up)
INDUSTRIAL AND PUBLIC ITIl.riTT.s
Bid. Ask.
Cal Portland Cement Co 110.00 175.00
Edison Electric pfd 79.00 RI.OO
Edlßon Electric com 63.60
Hawaiian Com and Sug 41.00 .43.00
Hi mi Telephone pfd 37.00 37.85
Home Telephone "om 8.00 7.75
Hutchlns in H P Ci 17.00 25.
I. A Atheltlo Club , 10.00
1. a Brewing Co 00.00
Paauhau S P Co 27.50 28.60
Pac Con Stone Co cf Cal 4.40
Pasadena Home T and T Co 35.00
Riverside Home 1 and T Co TO.OO
Santa Monica BUT pfd 18.00
Sun Drug Co 1.00
Ke—lde Water Co 100.00
Title O and Tr Co pfd 250.00
r S L D T and T Co pfd 38.50
Union Security Corp pfd 100.00
Union Trust Co 43.00
Whlttler Home T and T Co 60.00
OIL STOCKS
PRODUCERS- Bid. Ask.
Amalgamated Oil 69.00
American Crude Oil Co l.«)
American Pet Co pfd ' 47.50 66.00
American Pet Co com 71.50
Associated Oil 62,3714 63.50
Brookshiro Oil •••■ ■'"'
California Midway Oil Co 55% .56
Central 2.354 2.66
Cleveland Oil Co 37', .39
Fullerton Oil 3.00
Clobo 17
Jade Oil Co si; .37%
Mexican Pet I'td com 27.25 atM
New Pennsyl Pet C 1.14
Olinda Land Co Oil) 54
Palmer Oil Co 1.12',a
Rice Ranch OH Co 1.10
Section Six Oil CO .60
Trader's Oil Co 120.00
Union 1O7.«14 107.5714
Union Provident Co 106.60 106.50
United Petroleum 107.00 110.00
West Cos ' Oil com 900
Western Union 60.00 100.
NON-PRODUCERS—
McKittrlck Inv Oil Co 08 .13
McKlttrlck Oper Oil Co ■ .10
Nevada-Midway Oil Co 03 .10
Oleum Pevelpoment Co 08%
DAILY MINING CALL
OFFICIAL SALES
Morning—looo California Hills 1014; 3 Search
light Parallel 114.
LISTED .STOCKS
CALIFORNIA- Bid. Ask.
• ■„1 Hills M Co 10% .11
Consolidated Mines Co ohm 7.OUM
1 NEVADA—
Johnnie Mining and Mill Co .17
Searchlight Parallel 0114 -01' i
COTTON AND WOOL
ST. LOUIS, June I.—Wool unchanged;
medium grades, combing and clothing, fm
S()23V4c; light fine, l»V4©81VjO; heavy fine,
ll 1. 1/ L5Hu; tub washed, 250820,
NEW yoijk, June 1. — Cotton closed
steady at a net gain of 2© 7 points.
Spot closed quiet; & points advance; mid
dling uplands, $14.55; do gulf, $14.80; sales,
9477 bales.
Futures closed steady. Bids; June,
$14.17; July, $14. August, $14.05; Sep
tember, $13.05; October, $12.40; November,
$12.33; December, $12.25; January, $12.31;
March 112.24.
SUGAR AND COFFEE
NEW YORK, Juno I.—Coffee closed
steady, net unchanged to one point lower;
sales, 7. 7.'>' i bags, closing bids: June and
July, 16.15; August, 16.25; September, 16.30;
October and November, $6.35; December,
$8.40; January, J6.43; February, $6.46;
March, $6.48; April, $6.51; May, $8.62.
Spot quiet; No. 7 Rio, 11401 '" 4 San
tos, 9%c. Mild quiet; Cordova. 914 ®12'.4c.
Sugar—Raw firm: Muscovado, 89 test,
$3.77; centrifugal, 96 test, $4.:7; molasses
sugar, ■89 ten, $3.52. Refined steady;
crushed, $6.90; granulated $3.35. Coffee
pot quiet! No. 7 Rio, 814 c; No. 4 San
tos, 9U c.
Tou can buy It, perhaps at many places, but
there's one HEST place to buy It— and that
Dlaca advertise*.
SAN FRANCISCO STOCK
AND BOND EXCHANGE
Rpeclnl «ervlc« to The Herald t>7 J. O. WIN
ion, HI West Fifth aireet. Loa Anreles, mem
ber New York «toek «chßn««, Chloago board
if trade, stock and bond exchange of Ban
I'Vuii'lsco,
SAN FRANCISCO, June 1,— Following were
the cloning quotations: . , .
MISCELLANEOUS BONDS- Bid. Asked.
Associated Oil Co 5« OT*
Hay Counties Power Co 6i 101 ••
Cal Central das and Kleo 6e 101 •>
Cal Gas and Eleo gen MACT (i!....100V4
California 8t Cable Co 6! Ml
California Wine Assn Ds K>% ••
city Electric Co 5s MW mi
Contra Costa Water Co En 10> 'i
'to gen mtg 5s • BH ••
Edison ECleo Co of l, A Bs 100
Edison Light and Power 6s 110
First Federal Trust Co 5» I"1*
Ferries and cuff House Ry 6s Mo<» .. ■'
Hawaiian Coml and Sugar 5s 104 106',i
Honolulu 11 T and LCo Us 103H ■..
Lake Tahoe ny and T Co la *7Vi ■•
Los Anxeles Elec Co Si 101 101%
l.os Angeles Gas and Elec Co 55.. iij'4 101? i
Los Angelas Railway 5s 106 • ..
i. a Pao m Ist con mtg li 102' i
li A Pac RII of Cal f.H 1004 '„
Marln Water and Power Co 55....101,4 ..
Market Street Cable li 104
do Ity Ist com mtg Bi 9114 m ■»
Northern Ry Co of Cal 5s 11114
Northern Cal Power Co El 102V4 •■
Northern Electric Co Bi 95
Oakland (las Light and II Si 100,4
Oakland Transit Co li W«
Oakland Transit Ba 1"6 .•
Oakland Transit Con 5s 101
Oakland Traction Con Bi »M 4 •|Bl >
Oakland Traction Co Bi M 03
Oakland Water Co gtd 5* 88 ..
Omnibus Cable Hallway 6s I""*
Pacific Qas Imp l! 85
Pacific Electric Ry Co Ba '™
Paclfla i i,.v . anl! Po»'»r Co %* „-,,- m BS1:
Pac tighl and Power Kid 5s l"ii ••
Pacific Tel and Tel Co Bl Mvi
Park and Cliff House ny •■ 100 "-
Park and Ocean R P. Bi 100
People'! Water Co 6« "n
Powell Btreel Railway 6a '"22
Sacramento Eli i Gas an lRy 55..100' i 101
8 F Oak and San Jo»« Rj Bl 1044 >M«i
do .! mt Bl 9614 »7 ■
B !■' (ink and B .1 Con Ry os "o's
S .1 and Bants Clara To X R 4Vi«. •• m
B7'I!It of ral IMJ 6s W«H 1"4!»
do Ist c gl I g Bl IH*» ■• ,
S P Branch Ity of Cal 6s '•■l
S P R v Co lit rfdg 1' m 9fl *
Stockton Gas and Elec Corp 65....108i,4
8 V Water Co (ten mtg 4s 90 SMVj
United 'inn and Elcc Co 6s 88Ti ..
L'nitod It X of B F li ''s'« fWTt,
Valley Counties Power Co 6s '•''■' - 100V5
WATER STOCKS—
Marln County m
Spring Valley Water Co 48
GAS AND EI.RCTRIC STOCKS-
Clty Electric Co "'-'■> •■
N Cal Power Co Con JJV4
Pacific Lighting Corp com -. 70
Oro Will or r" M
INSURANCE BTOCKB—
California Insurance Co .. . wj
Fireman's Fund -*' "'
BTRBKT railroad stocks-
Callfornla 1;* ,;■
Prealdla 25 ■'
POWDER STOCKS—
Giant Consolidated Co '•'■'
SUGAR STOCKS—
Hawaiian Coml an 3 Sugar Co 41
Honokaa Sugar Co 19'« ••
Hutchlnion Bugar Plantation Co .. 18V4 li"v
Kllauea Sugar Plantation Co 13
Makaweli Sugar Co • Bl(4 ••
Onomea Sugar Co •• 62
Paauhau H P Co 27% MVi
OIL stocks
Associated oil Co &-»
Sterling Oil and T>ev Co 2%
MISCELLANEOUS STOCKS-
Alii k.i Packers' Association 89% ."\
Pal Fruit Cannem 1 Assn i™>%
Cal Wine Association M 1« MM
I'ai Auxiliary Fire Alarm 5
Pacific Coast Florax CO 164
*ac Tel and Tel pfd '-'V- 9314
Morning salaa—looo People's la 8914; 4000 do
B8; 1000 American River Bi 88; 2<W| Pa'- Tel
Bs 98? i; WOO C C Water !d 95%; 8000 Cal Gas
and Elec 6s 100; 4100 S P rfdg 4s 95%: 326
And OH 63; 100 Hawaiian 41; 10 Makaweli
B8H; 10 Pac nnrax 1541 68 Spring V Water 4«.
Afternoon ialea—lo,ooo s P rdfg *• 95%; 100
Assd Oil B2K: 10 Cal Wine ISH; 50 do 33%; 10
Giant 79; 165 Spring Valley Water 48,
CHICAGO GRAIN
Special service to The Herald by J. C. Wil
son, member of tho Chicago board of trade,
New-York stock exchange and San l'*ranclsco
bondT and stock exchange, 212 West Fifth
street. Loo Angeles.
CHICAGO, June There has been a con
tinuation today "i the. strength shown yester
day. The market acted as though it were
oversold, the shorts putting the price up on
themselves from time to time. The reactions
from any given point have been fractional.
Tile news of tl I day was well divided, but
probably most effective was cash wheat de
mand. This continued at a better rate than
had been expected. Cash premiums, however,
were a little lower than yesterday. Snow's
crop estimate Indicates a total yield of 655,
--000,000 bushels, of which 815,000,000 bushels are
winter. The latter Is Just 10,000,000 bushels
larger than his estimate of a year ago, which
proved 71,00,000 bushels less than finally offi
cially reported by the government. Acreage
In today's report is made about 1,400,000 larger
than a year ago, about half each of which Is
winter and spring. Total yield last year was
737.000,000 bushels.
Corn advanced considerably today, princi
pally because of a much better eastern ship
ping demand and small sales from the country.
Weather still cool over the belt, but clear and
slowly warming up. Oklahoma report made
tl condition 93, against S3 a year ago, and
55 In October, when the crop WHS 75,000,000
bushels. Shorts have been very free buyers
today. The market has been considerably over
sold.
Oats advanced with other grains, despite
ideal weather and crop conditions in all im
portant states. There has been improvement
In eastern (hipping demand, and sales ns
gregated 360,000 bushels. One of the weak
«pot« in the market today followed the issue
of snow's report showing acreage of 33,172,
or 1,252,000 more than last year, a condition of
90.3, the highest in five years, and an In
dicated yield of 1,100,000,000 bushels, or 186,"
000,000 bushels larger than last year's crop.
Provisions developed considerable weakness.
There has been some- reselling by yesterday's
buyers and no adequate demand for it.
MARKET HANOES
WHEAT— Open. High. Low. Close,
July : I .MH * .W"!4 I .93*4 » .94»i
September 91! i -92% -91>i -"-'i
December 01 .91% .01 .9194
CORN—
July 67% .68*4 .M"4 ,BS
September 1 68>i ..=-■:■» .6114 .0844
December S&M .M .r.j' 2 iSO
OATS
July 36"i ,37>i .3614 .37
September 35' ; .36', s .3.V- .3591
I'ORK-
July 22.10 22.20. 81.M 21.00
September 21.70 81.96 21.52 21.G0
UA.BD-
July 12.35 12.40 11.98 11.97*4
September 12. 18.20. 11.90 11.90
RIBS—
July 18.81 12.12' i 13.174 12.17' i
September 12.12,4 W.22V4 11.00 U.OSH
Cash quotations were as follows:
Flour— Barely steady; No. 2 rye, 75@760;
feed or mixing barley, 46063 a; fair to choice
malting, BSS/MVic; flax seed, No. 1 southwest
ern. $2.03; No. 1 northwestern, $2.13; timothy
seed, $4.35; clover, $11.25; mess pork, per bbl.,
$22.80@22.75; lard, per 100 lbs., BU.OJIM; short
ribs, side (loose), $12.62V4@12.57V4: short clear
sides (boxed), $13.25^13.50.
Total clearances of wheat and flour were
equal to 87,000 bushels. Primary receipts were
204,000 bushels, compared with 227,000 bushels
the corresponding day a year ago. The world's
visible lupply, as shown by Bradstreet, de
creased 2,090,000 bushels. Estimated receipts
for tomorrow: Wheat, 11 cars; corn, 381 cars;
oats, JBB cars; hogs, 34,000, head.
Dairy movement of produce:
Articles— Receipt*. Shipments.
Flour, barrel! „ 20,100 14,900
Wheat, bushels 14.000 8,100
Corn, bunhuls 701,700 251,200
Oats, bushels 451,800 403,600
Rye. bushels , 6,000-
Barley, bushels 106,500 12,200
CHICAGO LIVESTOCK
CHICAGO, Juno I,—Cattle Reoetpti eatl«
mated tl 16,6801 market iteadyi i"
B.r>o; Toxaa itaera, |&fU97.00; wettern Bteera,
I 60; Btockera and feeder*, $3.8 ■■:■'■ 15;
oowi aiul hetfer*, tt.MOT.OO; oalvea. W.O
tloga—Receipts estimated^ at 88,000; inurknt
slow; light, 40©( '■''<■ mixed, (9.40@9.70;
ivy. $!i.5569.70; rough, »9.35«(9.45; good to
choice heavy, t'i i..-.hi ni; pigs, 19.80©*.66; bulk
of sales, *9.55@0.65.
Sheep— Receipts estimated at 11,000; market
weak, Id lower; native, »3.255f5.35; western,
j:i.M)«ri.7«; yearling*, W.00W7.30; lambs, native,
J5.J5165.50; weatein, |s..',iw ( s.ris.
PRODUCE MEN ELECT
THOMPSON PRESIDENT
Watermelons Arrive from Impe
rial Valley-Apricots from
Kern County
The annunl meeting of the produce exchange
of Los Angeles wm hell yesterday afternoon,
when Chester \V. Thompson was elected presi
dent. If V. Htanley and E. B. Ulvera .vice
president!, ana B. A. Holmes, Jr., secretary.
It. la probable that In the. near future tho ex
exohange will remove from It! present loca
tion at Central and Towne avenues to the new
maxkat, corner of sixth and Alameda
atraata.
count mg* declined a half cent, the
prioe being ISM cents. Receipts were
.101 caHes.
No change In butter, ■
New crop of apples appeared In the local
Jobbing at $1 :s a lug box.
Iropped to 86071 a a sack.
White oherry receipts won; heaviest of tho
ere unchanged.
Apricots by tho carload are arriving from
Kern county, selling at II.M a lug boat.
Prlcei on itrawberriei ware up a cent to
-, i ; raapbarrlM, 80,
Receipt ■• ■ mparatlvely light.
Reoi Ipta •■! produce v ere; Bgfa, ' '
butter, 20,143 pounds; cheese, 3332 pounds; po
aclu.
PRODUCE PRICES
Wholeaale prlcei nf produce to retailers as
corrected dally by Market Reporter!
EGOS—Local ranch, candled, 27c; local
'■'.jr.
BUTTER- .-liiiny price to trade, *'ac innii
tUfoi nla creamery, extras, Mo; Califor
nia creamery, grata, Wei cooklni butter. He.
CHEESt—Northern, freah. lTo; Anchor,
large, 17c; Oregon. I>nl?y, lie; Kastern, nin
nies, IJe; Eastern, twlna, 18c; Eastern, dale-
Eastern, long horn, \»M
Baatern cheddari, 1914 c; Imported Bwtaa. 300
31c, Jack cheeee, 26a; doraeatlc Swiss. 21c;
cream . I.lmburger. 20f121c; Tloque
rort, 38040 c; Edam, lyoui/'J.'jO; Canadian
cream, per box, $1.00,
BEANS—PInka, 17.M; llmas, $4."V I-ady
Washington!, 14.80; imall wiiiti?, IS.il; black
ayes, I us, |4. SO; Garvanzas, }4.5u;
Lentils, California, 17.01.
POTATOES Nevadai, J1.25; Highland:', per
mi., [e-mail]; Lompoc, per cwi., J1.35®
1.50; Watsonville, per cwt., 11.0001.Mi Idaho,
per ewl I i 10; new potatoes, per l>ox,
i ■ gt !i Burbanka, per cwt., 11.36®
1.60; Oregon White Rose, 11.00; Hulinas, J1.25
v llow Bweeti, per lv«. tl.tl.
ONIONS Bermudaa, per lack, 12.50; Her
mudaa, cratea, I1.60Q1.I0; Northern Austral
ian brown, per cwt., 13,00; Navadat, 18.00;
local Silver Skins, lus box, 60c; Oregon,
f\ 75; garlic, per In., B@loc. .
APPLES Bellefieur, JH-tier. ll.TB; Fall Plp
rlns, 1166; Fall Pippins, «Vi-tlar, $1.40; Qreen-
Ingi, 11.60; reenlnga, Ili-tler, $1.35; Jonathan,
tli-tler Colorado .lack. U.S6; Pearmalns,
white winter, 4-tler, 11.16; Pearmalna, *14-tler,
II i": Pearmaint, red, 4-tler, 11.60; Pearmalna,
red. 414-tler, |1.20; Hen Davle, Col., ll.Ufl
1.60; H . Da I, Col., I1.UO1.B0; Newtown
Pippins, 4-tler, 13,00; Newtown Pippins, 414
--(ler 11.39; Mo, Pipplni, Col., B.OO; Langforde,
4-tier, ll.flS; Langforda, 414-tler, 11.16; Home
ties, 13.00; gpttzenburga, 4-tier. W. 00:
Ganoa Colo, .lurk, 11.76; Wlneiepi Col.i U. 60;
Wlneaapi, 4-tler Cal., |2.t605.t0.
BERRIES Btrawberrlei, per baaket, 4>i?7c;
cranberries, per bbl., 113.00; raupberrli
basket, 4©Be: tlaekberrlea, per basket, l@5o;
loganberries, par baiket, 4OBCi gooaebar
lies, 7c.
CITRUS— Grapefruit, seedless, 13.00; srape
frult, seedlings, 13.00; lemons, fancy, $3.2.'i'3>
3. SO, lemons, choice 13.60; oranges, fanny
navelf, 12.6002.60; oranges, choice navels,
12.00; oranges, tangarini's, ',« box, $1.50; or
anares, Valencia!, fancy, 12.6008.00; limes,
20-lb. box. $1.25.
TROPICAL— Bananas, per lb , Be; bar.nnas,
red, per lb., «<■: dates, Fard, 11)., 10@12e;
dans, Oolden, lb., 714*7>ic; Persian, Mb.
packages, I'-ttSe; Alligator pears, doz., $2.75®
3. 60; pineapples, BffUb.
MISCELLANEOUS Apricots, per lug box,
11. 16; cantaloupes, standards, 13.2608.60; canta
loupes, per pony crate, .2693.60; cantaloupe",
specials, crate, 65©76 c; cherries, white, bulk,
T©Sc; cherries, hulk, per lb., 8©llc; currants,
per rate, $1.00; figs, per bo*, $1.2ngi.60;
guavas, per basket, 4ffnc; loquate, per ib».,
I02o; peaches, box, 11.60; plums, lug boxes,
11.26.
VEGETABLES— northern, dnz..
70(<?75c; asparagus, gren, per lb., 4©7 c; bell
p, p. n, Florida*, 11)., I6o| beets, doz.,
bunches, 56038 c; beans, string, lb., l®«c; cab
bag*, (i3J/75c box; carrots, rtoaen bunches,
25ff35c; cauliflower, crate, 11.0001.60; celery,
per crate, $3.6003.75; cucumbers, per doz.,
11.0001.60; corn, green, doz.. 16c; corn husks,
cut, per lb., 10c; corn husks, uncut, per Ib ,
Si; egg plant, lb., 15c; horseradish, per lb.,
10®12c; oyster plant, per doi 3r>sJ4Oc; okra,
lb., goo; lettuce, crate, 11.0001.36; peas, lb.,
2lfp4c; parsley, doz., 2."c; parsnips, doz., 259
86c; rhubarb, crimson winter, 76C0I1.OO; rhu
barb, northern strawberry, box, 11.60; spinach,
doi . 15c; squash, summer, crate, 40@50e;
young onions, do*., 10080 a: turnips, doz.
bunches. 36036 c; tomatoes, local, per crate,
$100; tomatoes, Mexican, crate, 11.7601.88.
DRIED FRUITS—Apples, evaporated, lh..
Sffl9c; figs, loose, white, box, 11.60; fligs,
loose, black, box, $1.35; Imported figs, lb.,
16@1Sc; currants, '■' iS I ie; peaches, lb., 5»4®
Jc; pears, lm., W«7!18c; plums, lb., UHc;
nectarines, lb., 7ViOBVaC
PRUNES—2O-30S, 11012 c; 30.405, Re; 40-508,
:-..v, 50-60«, Cc; 60-708, 6c; 70-80s, 6Ho; 80-gus,
sc"; M-lOOs, 4c.
RAlSlNS—(Muscatels); 2 Crown, loose, 60
--Ib. boxes, lb., 4',ic; 3 Crown, loose? 50-lb.
soxei, lb., Be; 4 Crown, loose, 50-lb. boxes,
lb , ;.'•..■; London layers, 2 Crown. 20-lb.
box' »1.16; London layers, ?. Crown, 20-lb. box.
M SB: London layers, I Crown, 20-lb. box.
11.10; London lay. i . 5 Crown, $1.85 Sultanas,
belaohcd, 0@llc; Sultanas, unbelached. lb.,
3!ie; seeded laislns, Ifi-oz. pkges, 6HO7V|Oj
seeded raisins. 12-oz. pkges, 6VIO.
NUTS—Almonds, fancy IXL, lb., 17018 c;
almonds, Ne Plus Ultra, Ib., l«c; Itrazllß, lb.,
13{il4c; coeoanuts, 96c051.00; filberts, lb.,
14^'lnc; hickory, lb., 8c; pecans, XX, lb.,
12',,c; pecans, XXX, lb., 10c; pecans, XXXX,
lb, 17c; peanuts, eastern, lb., 17c; peanuts,
California. lb., Bmfsc; peanuts, Japan, lb.,
8!/2@7c; peanuts, Spanish, shelled. No. 1, per
lb , in: pinenuts, 20c; walnuts. No. 1, S. S
lh" 14O15c; walnuts, No. i, lb., 10c; walnuts,
Jumbo», 17iSlSc; walnuts, budded, 17@18e;
popcorn, eastern, per cwt., $3.50; popcorn,
local, per cwt., J1.0005.J6,
RICE Per Ib.: Fancy Honduras (Carolina),
$8.75; choice Honduras (Carolina), 19.0008
Japan grades, 13.7604.00; Island rice, $5.50;
broken, 18.60.
HONEY— Extracted, water white, lb., 7©
7140; extracted, white, lb., 7c; extracted,
liKht amber, lb., 6'^c; comb, water white,
1-lb. frames, 16@17c; comb, white. 1-lb.
frames, 16@18c; comb, . light amber, 1-lb.
frames, 100180! beeswax, lb., 30c.
LIVESTOCK Packer) pay f. 0. b. Los An
gele sfor; Beef steers, 606Vic; beef heifers,
4Vjfise; beef calves, B',i@6o; mutton, weathers,
$5.60(8)6.001 muttton, ewes, 85.0003.60; mutton.
lambs. |8.60®3.76; hogs, lie.'
POULTRY—Turkeys, live, per Ib., E3@2sc;
large hens. -1 lbs. up. per II)., I*'; small
hena, Btt to BV4, per Ib., 18c; bhoilers, Hi to
2 lbs., per Ib., 86c; fryers, 2.. to ;: lbs., per
Ib.. 86oi rtast chicken, per Ib., 20c; ducks,
per ii' . 18c; Keose, per Ib., I6ci squabs, per
dozen, $1.60; old roosters, per Ib., s.-
CHlLl—Evaporated, strings, Ib . 80c; evap
orated, loose, Ib., 17o; Mexican, black, Ib., 264
Green Chill, Ib., 30o; Chill Tepins, II)., $1 ii:
Japan, 150.
11. >V (Baled) following quotations are
furnished by the T."s Angeles Il:'5 B
company: Barley, I18.60O14.60; tame oal
per ton, 114.00016.60; alfalfa, per tun, jn.sojj)
14.50; wheat hay, 114.004]
FRUIT MARKET
SAN FRANCISCO, Juno I.—Fancy apples,
75c-; common, 800.
Hen-lea—Strawberries, $2.8006.00; blackber
rial, 11.0001.75; raspberries, M 00010.
Peaches—Common, BOo; fancy, ?l.ito.
Oranges—Navels, |i.80g>3,85.
Mexican limes—Nominal.
Lemons—Common California, U.J604.00,
Melons—Fancy cantaloupe*, 11.00; common,
50c.
Tropical fruits— Banana*, FBcOIS.OO; pine
apples, 11.5003
CALIFORNIA DRIBD FRUITS
NEW YORK, Juno 1. —Evaporated applet
•teddy; spot fancy, I0o! olioice, StS!ic;
prime, v I TV' 1* common to fair, *■ ■'* '*" a »■-
Prune* quiet; Quotation! range from IHii
8%0 for California UP to 80-401, and Witt
Da for Oregon*.
AprlcolH aulet; choice, 10«}10^ic; extra
choice, i" 'i " lO'jc; fancy. UHOHUc.
l'«ache» i;uiet and steady; choice, «>i <*v
fi?ic; extra choice 7Ci7!ic; fancy, 7Vt if
714 c.
Raisins dull and featureless; loo»« Mus
catels quoted at JMO8%»I choice to fancy
seeded, 4%ft6 ', c ; leedlei 3 ',4 (8* 4 '/io; Lor
don layers, |1.50©1,31,
First Exclusive Private Wire House on the Pacific Coast
J. C. WILSON
SmiBER NEW YOKK STOCK EXCHANGE
CHICAGO noARI) OF TRADE
Tin-: STOCK AND IIOND KXCIIANGB, 8. F.
Correspondents, HARRIS, WINTHROP & CO.
OmCEfi- HOTEI, i AI.KXAMIKIA. 11l We«t llf 111 St.
mixa muj)iMi and palacb hotel, s. f.
Pasadena Clients Will Get Instantaneous Service by
Calling Home 119
18. G. LATHROP, Manager f.»-tf,t,»on«^«ix boo,. j
CLEARING HOUSE BANKS
Broadway Bank & Trust Company ? Aw?^«cdman. cmbiw,
roadway Bank & Trust Company X Wi hedsjan. cashier.
■apltnl. 1250,000.
808-31n nroadway, Bradbury building. Surplus & Undivided Proflta. 235,000.
1 7~Z ~ I . tj _i I-WAS \v. HKLLMAN, i>resldeuu
nited States National Bank p. v/ . bmitk, cu»hi.r.
Capital, 8200,000.
S. S. corner Main and Commercial. Surplus an.l Profits. 173,000.
_T~! ~ 1 T~7^ i~~ a. J. WATEIIS. president.
faitizens National Bank wm. v. woods, cashier.
I Capital. J1,000,000.
M S. W, corner Vhlrn and Main. Hurplm, i 500,000.
C. — : , -r, . VV. A. BONYNOB, President,
ommercial National Bank newman kshick. caahier.
a . Capital. J200.000. •
U 401 8. Siring, corner Fourtn. Surplus an 1 Undivided Front., >48-<>W'
Farmers & Merchants National Bank charles seylek. cashier.
armers & Merchants National xsank charues bbsyupr. cashier.
Capital. $1,500,000.
Corner Fourth and Main. Surplus and Fronts. 11.900.000.
F—: —:— — ; — " J. M- ELLIOTT. President.
irst National Bank w. t. b. hammond, cashier.
Capital stock, 250.000.
B. E. corner Second and Spring. Surplus and fronts, J1.fJ28.000.
■ Merchants National Bank chab! greene." cashier.
11l s v corner Third and Eprlng. Capital. ft TTndivlded Profits. JB5».00«.
11l « E rnrner Third an.l Spring. Sur|.HiH ft |-|i.llvM"fl Fronts. JBiAOM.
——— —— ■ "~~ . "~~ j c. BURN. rresldMit.
National Bank of California h. b. mckee. cashier.
W. E. corner Fourth and Spring. surplus & Undivided Pronto. IHD.OO*.
Central National Bank jasies'r gist. cashi.r.
Capital. J300.000. _»-,
B. E. comer Fourth and Broadway. Surplus ft UP<"V'a'd Profit.. iatt.oM.
______^OSJNGELES SAVINGS^ANKS ....
OECPKITY , 1
SECIJKITY '
»AVM2¥€^gS RANK! '
largest and Oldest in Southwest
Resources $28,000,000.00
rays the blfbtlt rates of Interest and on the most liberal term. coiuUtent wIU
sound, conaervatlve banking.
Money to Loan on Improved Real Estate
Security Building Spring and Fifth Streets J
" ~ - ' - ~ I"
UnUUMWIIIMOB/UI
'J^ 1 THE BANK WITH YHEt^B^M?*
J&r EFFICIENT SEJRVICG,
JL JTfi>39Jf/Vtp ANO FOURTH STS. _t
HARNESS „, „ \J£%U »* SADDLERY
INVESTORS HOLD BACK
FOR HIGHER RETURNS
Financial Authorities Give Views
on Tightness of the
Money Market
Reviewing the business situation at
home and abroad Henry Clews & Co.
of New York, say under date of May 27:
"Compared with the high prices of
last year, good stocks certainly look
cheap, and yet there are some un
pleasant features developing, the out
come of which must be awaited with
patience, Possibly the power to absorb
stocks has been temporarily inpaired
by recent heavy issues, or else in
vestors may be holding back for better
terms In the latter attitude they are
meeting with no little encouragement.
Philadelphia could 'not place a loan at
4 per cent, but might have succeeded
at 4V* per cent, the Pennsylvania rail
road having no difficulty in disposing
of a considerable issue on a ■!'- per
cent basis. Chicago has just been
obliged to pay 4',(s per cent (or a new
loan. At last the unprecedented de
mands upon capital are beginning to
have their effect. There are signs of a
temporary exhaustion of buying power,
and those who have money to invest
are naturally demanding better re
turns. The delay in announcing- th«
issue of bonds abroad has also exert
ed a discouraging effect; it now being
several weeks since rumors were cur
rent that Europe was about to buy
00,000, while little more than $100,
--000, have, only thus tar bei n taken.
European buyers also appear to be In
sisting upon better terms. Needless to
say such conditions in the investment
market are not favorable to higher
prices for stocks."
The house of At wood, Viollett & Co.,
New York, say:
"Thi final and authoritive announce
ment of the sale of $30,000^000 of St.
Paul bonds In Paris, where an option
ha?, been taken on 120,000,000 more, and
of the financing at the fame center of
510.000.C00 of the St. Louis and San
Francisco bonds, seems to indicate the
beginning of a series of bond flotations
abroad, which will tend to lessen the
monetary tension on this side and ul
timately remedy our financial condi
tions sufficiently to establish a more
optimistic outlook in this direction for
(tin future.
"The continued decline In the price of
wheat, cotton and other commodities,
which are rapidly reaching a point
where they can be profitably export
ed, and the news that 65,000 bales of
cotton have been engaged for early
exportation, Is also encouraging and
will aid further in reducing the balance
of trade against ibis country.
"It Is hardly reasonable to expect
that th« benefits arising from those
matters will be Immediate, but sight
must not be lost of the fact that Wall
street always discounts the Suture, and
(hat stocks are very largely In the
hands of Interests who do not trade
for the present, but who are sufficient
ly far-seeing to anticipate future de
velopments.
"It is true that while the tape does
not indicate an advance, the sharp re
cession which took place In the last
hour on Wednesday seems to have
been brought about mainly by a con
certed bear attack, as we found little
evidence of Milllnc of long stocks."
Prof. Gilbert Ellin Bailey pronounces
the El PenKUfral Hot Springs at Ar
rowhead a world wonder: temperature
20!! 2-10 degrees. Summer rates now in
force. ■* ■' * "■'"
/jH| Borrowers A
OTfflfifwlio are our depositors, and^OT j9
jHßP^'a!i'> have satisfactory secur-
1 ifirity to our finance committee, never
' mST have to go to another hank to bor- lM
U row money. It In a satisfaction to ■
11 know you can depend on your bank M
mm to borrow as well as deposit. Did CJI
WM v you ever try your bank for a loan? V
\it You may need It some day. We ■
V& pay Interest on deposits. A
Mil Mtarrtuja
AUTOMOBILES WANTED
The chamber of commerce expects
to entertain about 500 delegates in at
tendance at the national convention
of the American Institute of Home
opathy, which is to be held in Pasa
dena July 10 to 16, and will probably
show them the city of Los Angeles ill
automobiles. Anyone who has an au
tomobile and is willing to place it at
the disposal of the chamber July 13
will confer a great favor by notifying
Secretary Wiggins.
BOYS FINED FOR FIGHTING
As the result of a fight Tuesday nieht
In .Main street, between Third and
Fourth streets, R. S. Bechtol, H. Koch
and Jim Hickson, three youths who
were arrested on charge* of disturbing
the peace by Sergeants Grogan and
Johnson, were fined $5 each yesterday
by Police Judge Frederiekson, The boys
■aid they were only "fooling" and not
really fighting.
FLOUR AND FEED
Following are the wholesale prices on flout
and feed, furnished by th« Globe mtlUt
FAMII/I FI.OUR—
Al flour, per bbl „..|<l.*»
M flour retails at $1.75 hi and 950 % sack.
Globe flour, per bbl W. 40
G'.obe flour retails at 11.90 Vt and »1 H lack.
Silver 3'-»r flour, per bbl 55.0»
XXX floor, per bbl 16.0*
MEALS /lID CEREAL GOODS—
10 lbs. 26 lbs. 60 lb».
Al flour 03.60 1.... *....
Pastry flour 3.40 .... ....
Graham flour 3.30 3.25 B.M
Corn meal, W. * T J. BO 1.75 1.7»
Whole wheat flour 3.49 3.35 8.39
Rye flour >™ 8.65 8.64
Cracked wheat 3.90 8.85 8.80
Farina 3.90 3.85 8.80
Wheat flnki"?. per »ack 50 lb« I.M
Wheat flnlif*. per bbl. 155 lbs., net 6 00
Eighth Mil*., Vn per bbl. higher.
BAKERS' FLOUR— Far Mil.—
Globe flour ,mmi ...... H.N
Eastern graham flour «.*)
Eastern whole wheat flour < *'•
Eastern rye flour , — - l- r
Bakers" Al flour „... *■*•!
Bakers' Magnolia flour 6.70
Bakers' paltry flour S.W
GRAIN AND FEED— 103 lb».
Wheat, No. 1 «•*>
Wheat, .No. 2 UOO-lb. tack) ».M
Corn 18->
Cracked corn I.M
Feed Meal I*s
Rolled barley • 1«
Seed barley 1 44
Shorts I.M
Eastern willow charcoal 2.00
Bran, heavy I."
Kaffir corn. re<» I.W
Oil cake mea' »-7»
White oat l-«*
Rye seed 21(>
Egyptian cor», white ».»»
Scratch food »■•*•
O.anlte grit '■
Cotton teed meal. per cwt 3.00
Chick feed J-™
Cracked wheat...... ••l*
BUTTER, EGGS AND CHETSE
SAN FRANCISCO, June I.—Fancy creamery,
27'ic:'seconds, SS'-ic; fancy dairy. :«c.
rheeti.' N»w, miSfHc; Young America, UQ
Ho.
NKKS-Runch, 28c; store, 2jc.
CHICAGO. Jun I.— r Steady; er»»m
erios, 'Jsr, ( i7>ic; dairies, 23'tfKc.
ICsgs—steady; rofflptH, S»,7ti7 cases: at mark,
case* [m'ludtd, 15!i'tfWViu; Urals. 17'/ic; prim*
flrrts, lS'j. . ,
Cheese—lrm; Palsies. l«i«15e: twins, 14^4
®H^4c; Toting Americas, UUffK'-icS Loaf
Horns, itKQUo.
7