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The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, December 08, 1912, Image 62

Image and text provided by University of California, Riverside; Riverside, CA

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85066387/1912-12-08/ed-1/seq-62/

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BUSINESS, COMMERCIAL AND FINANCIAL SECTION
46
STOCK JOBBERY
TO FLOAT UNION
OIL IS REFUTED
Owners Deny Increased
Price Is Forced by Firm
to Finance Deal
for Sale
MINORITY HOLDERS
ARE SAFE— BARNESON
Negotiations Virtually Are
Closed for Purchase of
Stewart Interests
CLOVIS A. FARNSWORTH
E. J. de Sahla Jr. and Captain John
Barneson, principal owners in the Gen
eral Petroleum company, returned from
Los Angeles yesterday with the in
formation that they had virtually
closed negotiations for the purchase of
the Stewart interests in the Union
Provident Oil company, the holding
company of the Union Oil company.
'When we left Los Angeles Friday
night the deal whereby General pe
troleum is to take over the control of
the Union Provident company was al
most completed." said Captain Barne
son. "I can not give out the terms of
the deal except to say that we have
arranged to take over the Stewart in
terests, which constitute a majority of
the stock."
Captain Barneson denied emphat
ically that a sharp increase in the
price of General Petroleum stock yes
terday was due to any manipulation on
the part of the company. A small
saie was made as high as $41. The
market closed at $36 bid and $41
asked.
"It is absolutely untrue that any one
in our company is forcing up the value
of the stock so that we can finance
our deal," said Captain Barneson. "I
can assure you that no one in our
company is buying a share. As to the
minority stockholders in the companies
we are taking over, I can only renew
my assertion that they will be fully
protected."
WATER RATES ATTACKED
The Cressey Colony company and
Joseph D. Jones have filed a complaint
against the Crocker-Huffman Land and
Water company of Merced county. The
Cressey Colony owns approximately
3.000 acres of "land which derives its
water for irrigation from the Crocker -
Huffman company. The complaint
states that the charges for water are
unjust and discriminatory, in that they
are fixed at $1 an acre for some land
and $2 an acre for other land, and in
some instanced no charge at all is
made for the land of the Crocker-
Huffman company. The complaint
further states that the irrigation com
pany has no definite rules or policy of
distribution and that its system is in
adequate.
The complainants ask that the
Crocker-Huffman company be required
to adopt uniform rates, to Improve its
system to meet requirements imposed
upon it, and that all users be fur
nished with a proportionate share of
water.
* ■* *
LOS ANGELES CASE DECIDED
The railroad commission rendered a
decision yesterday establishing rates
for the Hawthorne Electric and Water
company. The Hawthorne Electric and
Water company operates in Los An
geles county. It had been serving
water for a number of years under a
fiat rate of $1. As provided for in the
order of the commission, it is em
powered to charge as a minimum on
750 cubic feet. $1.25; for the next 750
ruWc feet, cents; for over 1.500
cubic feet. 10 c-nts; with a flat un
metered rate of $1.50. The commission
further orders that meters he placed
at the request of consumers or the
option of the company, and that such
meters he placed at the expense of the
company and that all service connec
tions be made at the expense of the
company.
BEET SlfiAß OUTLOOK
All signs point to another record year
for the manufacturers of beet sugar, in
point of production, says the Wall
Street Journal. The growers of the
beets are prospering because of the
heavy yields, but the„sugar makers are
not in such a favorahle position as last
year, owing to the lower level of prices.
Weather conditions in California
have not been all tfiat could be desired,
but in Colorado practically the entire
season has been ideal for the growth
of the beets and the development o.
the saccharin content. All the fac
tories in the northern part of the state
have been working up beets for a num
ber of weeks and thus far tbe yield
bas averaged more than 12 tons an
acre. Grand Junction" factories ex
pert In pay out a total of $."ioo,ooo to
b«*t growers of that district. In Idaho
and Indiana also conditions have been
favorable and there have been rumors
of several new factories being built
for next season. The plant at Garden
<'ity. K..n., expects to work up about
WARNING!
The "in" Camp. Inc.. incorporated
under the laws of California, owns
through its Charter and United
States Copyright, the EXCM.IVK
RK.HT to produce theatrical enter
tainments of the "49" period. All
Individuals, partnerships or corpor
ations are warned against making
contracts or giving concessions for
a "43" production lo any one ex
undersigned.
THE "-!»" CAMP, INC.
By EUGENE M. HEALS, Pres.
E. F. HUTTON & CO.
400 California St. Tel. Douglas 24K7
St. Francis Hotel Tel. Douglas 3982
Members of New York Stock Exchange
Pioneer House
Private Wire to Chicago
and New York
IH. B. MULt'AHV, Manager
J. C. WILSON & CO.
MEMBERS
KEW YORK STOCK EXCHANGE
NEW YORK COTTON EXCHANGE
CHICAGO BOARD OF TRADE
THE STOCK AND BOND EXCHANGE
SAN FRANCISCO
Main Office, Mills Bid*.., S. F.
Branch Offices. Los Angeles, San
Diego, Coronado. Cal.; Portland, Ore.;
Seattle, Wash.; Vancouver, B. C.
Private Wire, Chicago, New York.
$100 Bonds
Call or write for our magazine, "Safety and
rroflt." describing several $100 bonds that yield
-4% to o%
Government, municipal, railroad, pnblle utility
anil industrial bonds. Many listed on New York
: ..change, if you wish to buy or sell any
bouds. call or write for a free copy*of our maga
t_j_e.
AMERICAN BOND COMPANY
100S Call Building. '
90.000 tons of beets. Tdnnage in Em
met county, lowa, Is running between
10 and 20 tons an acre, although this
is the flrst season beets have been
grown there on a large scale. At Bil
lings, Mont, the acreage planted was
33 per cent greater than last year and
the big factory has been running at
100 per cent capacity to take care of
the yield.
In the North Platte valley of Ne
braska beets are averaging about 16
tons to the acre, and the growers are
receiving about |5.25 a ton, delivered.
The Scottsbluft plant has been work
ing full and one day made a record
run of 1.564 toils.
This season the principal benefici
aries of the American beet sugar out
put have been the farmers, who will
receive upward of $46,000,000 for their
beets. Under the circumstances 1913
acreage might be expected to ahow a
considerable gain, but It is feared the
possibility or rather the probability
of tariff reform will curtail the grow
ers' Inclination to expand.
* ♦ #
WEAKNESS IV STOCKS
"The weakness in stocks Is due not
Ito things that have happened, but to
j fear that disasters will happen." says
J John V. Harris of Harris. Wlnthrop &
Co. of New York in a wire to J. C.
Wilson & Co. yesterday. "Uncertainty
as to what the Wilson administration
will do is perhaps the real reason of
the lack of confidence, though it is a
mistake to prejudice him. The demo
cratic party hasn't a record of great
efficient national administration, but
they will not intentionally or imme
diately do that which will wreck the
commerce of the country. On the
whole we are more frightened than
hurt."
\K\V YORK BANK STATEMENT
The New York bank statement yes
terday showed a much better condi
tion. The loans were reduced $42,048,
--000, and the deposits went down $40,
--061,000. while the reserve increased
$8,073,1 $0, leaving a net surplus of
about $3,000,000 as against a deficit of
$5,000,000 the preceding week.
* * *
The railroad commission rendered a
decision yesterday granting permission
to the Sierra and San Francisco Power
company to purchase the Gold Moun
tain Water company of Sonora, Tuol
umne county, for $27,500.
* * #
The C. A. Smith Lumber company of
Oakland filed a complaint with the
railroad commission yesterday against
the Southern Paciflc. the Atchison,
Topeka and Santa Fe Railway com
pany and the Northwestern Pacific
Railway company, objecting to the rate
on lumber in carload lots from Bay
Point to Oakland and other points over
the three railroads named. The C. A.
Smith Lumber company also asked for
reparationfrom the carriers in the sum
of $787.51.
* * *
The clearings for the week as re
ported by the San Francisco Clearing
House association were $58,466,772.45 as
against $53,566,523.95 for the cot re
sponding week last year.
• * *
A decision granting permission to the
Coaling, Water and Electric company
to transfer its control of the Russel-
Robison Water and Electric company
of Arroyo Grande, to the Midland
Counties Gas and Electric company,
which operates in San Luis Obispo and
Santa Maria, was granted by the-rail
road commission yesterday.
* * *
The Atchison. Topeka and Santa Fe
railway has been granted permission
to maintain its regularly established
rates between San Francisco and Em
pire. This was done utider the long
and short haul provision of the consti
tution, as new through rates between
the Santa Fe and the Modesto and
Empire Traction companies lines had
recently been put into effect on a
lower basis.
* * *
The railroad commission rendered a
decision yesterday granting permission
to I>. W. Warrnoth to sell his tele
phone system in Tehama and Glenn
counties to the Pacific Telephone and
Telegraph company for $4,500.
New York Stock List
E. F. Hutton A Co., 490 California street,
members of the New York Stock exchange, fur
nish tbe following list of bond and stock tales
yesterday:
Sales I
STOCKS
High Low j Bid j Ask
A I! is Chulruers... j !
Do pfd j
14.200!Amalg Copper ... 81%)
4._iH..;Am Beet Sugar...} B4 (
I Do pfd
11.400 Am Can Co 32%
1,800 Do pfd 118%
800 Am Car A Fndry. 57
100 Do pfd 118%
500'Am Cotton Oil 6T%
Do pfd
!Am H ._ J. Com i
Do pfd •
Am Ice Securities
Am Linseed ;
Do pf<i j I
800 Ain Locomotive.. 43%!
; Do pfd j
100 Am Malt I 14 |
Do pfd j
8.000 Am Smlt & Ref?. 78
300 Do pfd T05%i
aOOJAm Snuft* il99 I
Do pfd I j
n. Am Sugar T17%i
! Do pfd
lOOIAm Steel Fndrle. Sft%
SOOJAm Tel & Tel Co. i::o>,
.". m'Am Tobacco 2!..
j Do pfd
\m Woolen
i Do pfd
.".tm. Anaconda | 41V
300 At] da. t Line. . .1.38%
2.080 A I &• S F 106%
....... Do pfd
I Baldwin Loco
I ; Do pfd
]<«> Bait A- Ohio 105%
Do pfd ! i
300|Bethlebeia stepi.. 38%
Do pfd i
6.__©01CaHf Pel 08%!
2.3_©|B n T »0%|
• .n.'Canadian Pacific. 264%
1 6.100!Chioo Copper ! 44%|
1,300 C & 0 70%
100IC A A 1 18 j
mo c <; w IT%
200 D'> pfd :;i >*i
300 C & N W 137
1,300 C M & St P 113%|
Do pfd !
100 Central leather.. 28 I
! Do pfd
jCentral of N 1
C C C A St L
' Do pfd
500'Colorado F A I. 32%
J Do pfd
( olorado Southern
i Do 1st pfd
i Do 2d pfd
lOOiConsolidated Gas. 14014
•eOJCorn Products .. 15
i Do pfd j
(Crex Carpet 1
Delaware & Hud
Km. D I. A W 888
j iD A R <_
200! Do pfd ! 3ftV, 1
0"O Distill Securities 24%I
j Ttuliitb . S 4 A
De pfd
700 __rle i 88%
400! Do 1st pfd .... 4'..%
i Do 2d pfd ......
300 ..eneral Electric. . 184%
2.200|<3reat Nortbn Or« 42%
5.200 Great Northn pfd 135%
1.200|Ooldfleld Con ...j 1%
500 Illinois Central. .11268
4.0001 Inspiration j 1»
Int Harvester ...1113%
41 to intertKtro Metro..! 18%
l.OOO; Do pfd n%
Inter Merc Marine
100 Do pfd
Infrnatl Paper..!
Do pfd
900 Internatl Pump.. 20
800] Do pfd 74
ilowa Central ....[
j Do pfd ;
) Ka vser .... T.... j
' Do nfd
K C Southern
Do pfd
3.2f¥i:i_ehigh Valley ... 172%
Llftg-ft A Meyersf212%
Do pfd !
P Lorfllard Oa...
,- Do pfd j
.. L A N
'Maekav :
Do pfd I
200:Mexican Central..! 28%
2,400IMex Pet I 83%l
!Minn & St L | !
! Do 1st pfd I I
IO0 M St P A S S M.|141%
! Do pfd !
IMo Kan A Texasl
100; !>o pfd ! 61%
Miami Copper 27
700MiKaoiir! Pacific. 42%
iNat Knamcl I
'National Lead j
Do pfd.
■ National Biscuit
Do pfd
1,800'Ncvada C003 | 20',*;
! ! I %
2%' 2%
i'._%)'80% 80%] 80%
B4 f 51% 52%: 53%
88 i 91
32% 31% 31 %i 32
118% 118 118 illft
57 50% 56%! 57
118% 118%jll7%;118%
57%! 57% I 57 % 57tj
96 100
i I 5 I 3%
26% 26%
1 18% 18%
! : 11% 12%
! ! 31% 34
I 43%! 43 42% 43
j i 106 107%
I 14 I 14 12% 14
I i 58% 59%
73 i 72% 72% 72>._
T05%ilO5 105 105%
i!99 !l98 198 !199%
i ! 102 ms
117% 117% 117%jll7%
! i 1117 1118
. 35%! 85% 37
139 Vi 139% 1138 188%
bet 266 2«2 i2«6
104 :ra-,
mi
■ I i 80 I 81%
! 41', 40% 40% 40%
188% 188% 188 188%
.1063,. 106 106% 106%
|101%jl02%
51% 54
106%ilO7
105% 105% 186 110*.%
i 86%i 87%
36% 35% So%\ 36
I I 66%! 67
. 05% fi4'_! 64%; 64%
I 90% 1 90 I 90% j 90%
264% 2«4% 2rt4 265
! 44%| 43% 43%| 43%
78% 78% i 78% 79
I 18 ! IS 18 I 20
1T% 17 17 I 17%
31% 30% 31% 32
137 |136% 136% 137
113%|ll3%113 !113%
! 138 141
28 I 28 i 27% 28%
95 97%
360 380
45 55
94 98%
32% 32 31% 32
155
35% 88
71 75
66% 70
1401,4 140% 140 140%
15 14%. 14% 15
i 77 79
! 1 78 <86
[183 1168%
I %
2%
j 80%
68%
i »1
. 32
1119
! 57
1118%
57 b
100
i 3%
26V.
18%
12 V.
34
43
107%
14
59 %
7-'> j
105%
!190%
mm
rUOO
1117%
]118
[l88%
2.;
xi
138'
1061
I 15
j...:.
I
15
79
! M
;i65%
:.::.
j30"'j
! 39
24%'
•..._••
49%
im"
42
135
1%
12*
;' is%
11..
63
40
184
42
185%
1%
£
7 :
IS
88
o_u
21%
39%
1 24%
8%
17
33%
68
41
185%
42%
135%
1%
127
19
113 Vi
18%
63%
5
19%
11%
49%
20
77
13
28%
93
109
27%
62%
171%
215
J117
: t;3i
18%
..,..
!«-
11*
49
19
75
12
26
...
i
i i
27
I 61
km:
: 1
"...'_.
'28%
I! 82% j
L17%
144%
85
o_»
83%
I __fl
141%!
61%
26%
42%
I- • '• ■ •
urn
27%
61%
26%
42
17
55%
107
128%
122%
! 4»%
;i42
27%
61%
2T
42%
IS
57
,;••••!
.•••••
i
t 20 i
THE SAN FRANCISCO CALL, SUNDAY, DECEMBER 8, 1912.
Big Selling Movement Stops;
Fluctuations Unimportant
NEW YORK. Dec. 7—While It is yet to be shown"whether the stock
market has recovered its poise, the heavy selling movement, for the
time being at least, has been arrested, and fluctuations today were com-
Earatlvely unimportant The rally which followed yesterday's severe
reak marked the crisis in the week's movement, for th';re was no re
currence today of tho persistent pressure which unsettled the list on
previous days. To what extent the improvement in the market tone rep
resented the passing of the week's disturbing influences as' market fac
tors was a matter of conjecture. The market, however, has plainly re
covered from the flrst effects of the Harriman merger decision, and the
urgent liquidation of specialties apparently has run its course.
After an Irregular opening, stocks gained ground slowly. A break
of 2% points in American Beet Sugar and 5 points in Texas company
affected the general list adversely and encouraged bear traders to renew
operations. The list sold off easily, but the movement was limited and net
changes for the day were small.
The clearing house banks and trust companies made their expected
favorable return, showing that the deficit reported last week had been
wiped out, a surplus of $30,000,000 appearing In the actual table. There
was a decrease of $42,000,000 in loans and of $40,000,000 in deposits, in
dicating that out of town Institutions had assumed a part of the burden
of loans as they were ln a position to do with the call from the comp
troller for a statement of their condition out of the way.
The bond market was steady. Total sales (par value) were $883,000.
United States bonds remained unchanged on call.
NEW YORK, Dec. 7. —E. F. Hutton & Co.'s wire says: "There was
little of special interest in tha stork market today. There appeared to be
some manipulation of prices in the short session on a drive against the
room traders during the flrst hour. The rally did not hold, however,
and when some actual stock came on the market prices weakened easily.
With the possibility of one of the big decisions coming down on Mon
day, sentiment was greatly mixed as to the course of prices next week.
We might say. however, that there are a number of unfavorable in
fluences in sight outside of a bad money situation that will have a bear
ing on the market, hence we can only advise most conservative operations
in either direction temporarily."
EASTERN STOCK AND BOND QUOTATIONS
New York Bonds
US ref 2s reg.. .100% [Japan 4%s 91
Do coupon 100% I Kan City So ref 5s 08
Do 3s reg 102%' L Shor deb 48.1931 92%
Do coupon 102% IL A N unified 4s. 97
Do *s reg 113%|M, X A Tex Ist 4» 94
Do coupon U3% Do gen 4%s 86%
Panama 3s coupon.lol% [Mo Paciflc 4s 71
Al-Chal Ist 5s ctfs 60 Do cv 5s 86
Amer Agricul 55.101%N R of Mcx 4%5. 8i
Amer TAT cv 45.110%|N V C gen 3%5.. 86
Amer JJ>baeeo 6s. 119 ! Do deb 4s 91%
Armour 4%s 91 jNY.NHA H cv 3%s 91%
Atchison gen 45.. 96%iNor A W Ist con 4s 96
Do cv 4s. 1960. .103% i Do cv 4s 112%
Do cv 5s 106 Nor Paciflc 4s 98
Atlan C L Ist 4s. 95%! Do 3s 68
Bait A Ohio 45.. 97%'G S Line rfdg 4s. 91%
Do 3%s 91 [Pa cv 3%5, 1915. 96%
Brooklyn Tr cv 4s 89% Pa con 4a ...104%
Central of Ga ss. 107% I Reading gen 45... 96%
Cent Leather 35.. 94%[St L A S F fg 4.. 75%
Ches A Ohio 55.. 99%! Do gen Be S3
Do con 4%s 92%!5t L S W con 4s. 80%
Chi A Alton 3%5. 63 Seaboard AL adj 5a 75
C. B A Q joint 4s 93 ISo Pacific col 45.. 92%
Do gen 4s 94%; Do cv 48 91%
C.MA StP ct 4%8.105%' Do Ist ref 45.. 93%
C.RIA Pac col 4s. 65%;50 Railway 5s 106%
Do ref 4a 87 Do gen 4s < - %
Col So rAext 4%5. 93% Union Paciflc 45.. 99
Del A Hnd ct 4s. 97 Do ct 4s 99
Den AR G ref ss. 83% Do Ist A ref 4s. 95%
Distillers 5s 69% IT S Rubber 65...103
Erie prior #ien 4s. 85% U S Steel 2d 55.. 100%
Do gen 4s 74% Va Car Chem 55.. 98
Do cv 4s, ser B. 76 (Wabash IstAext 4s 64%
111 Cen Ist ref 4s. 93% Western Md 45..- 84%
Int Met 4%s 79% [Westing El ct ss. 92%
Int Mer Mar 4%a. 62%fWi« Central 4s 91%
♦_ :—___ »
I New York Mining Stocks |
Com Tunnel Stock 08! Mexican 1.70
Com Tunnel Bonds 12 Ontario 2.50
Con Va Mln Co.. 35'Ophir 88
Iron Silrer 1.80 Standard 100
LeadTille Con ... OS'Yellow Jacket 30
Little Chief 041
New York Curb Stocks
NEW YORK. Dec. ".—E. E. Hutton A Co.'s
wire says: "There was a better tone to the
outside market today. Braden being especially
active and strong. Giroux advanced fractionally
on moderate trading and Mines of America was
ln demand at 2%. The Industrial market was
comparatively quiet, the range being narrow. The
market closed steady."
The following list is furnished by E. F. Hut
ton A Co., 490 California street. San F'xnciseo:
Bid. At*.] Bid. Ask.
Anglo Oil ..18 19 iMiaml 6s 168 178
Belmont 8% 8.4 Mines of Am. 2% 2%
Braden Coppr 10 10%[Montg 5h0.... 02 05
Do 6s 200 205 |Vev Hills ...1% 1716
British C 01... 4 4% Nlpissing .... 8% 8%
Chi Subway.. 4 7 Ohio Copper..l% 15-16
Colorado 20 25 [Pac G&E com 64% 65%
Con Arie ...7-16 %: Do pfd .... 9\ 92
Davis Daly.. 1% 2 |Ban Tot 27 29
Dobie 1-16 %:s_oux Con .. 2
Dolores 2 4 IS W Miami.. 5 7
El Rayo .... 1 2 So rtah .... ', %
Ely Cent ... % 2 [Standard Oil.
Elt Con 9 12 1 ex subs 383 386
El Paso 6 6% [Stewart 113-16 1%
First, Nat... 1% 1% Ton of NeT... 6% 6<S,
Fraction 8 10 (Tr! Bullion... % %
Florence 60 65 [Tuolumne — 2% 2%
Giroux 3*i 3 7-16 United Copper 1 2
Gld Dslsv ..3 5! Do pfd 8 15
Gld Belmont. 10 15 IV S Light... 12 13
Greene Can.. 9 9%[Yukon 3 3%
Hallinger ... 15% 15% Clnett 67 69
Hslifsx 1% 1% Do pfd 102%103
Iron Blossom.l3o 14« IWIIby At ... 09% 7014
Int Rubber .. 11 12 IDo pfd 100%101
Jim Butler ..61 63 (Alaska Gold.. 9% 9%,
Man Tran.. .1 1-16 1 3-16! Ton Merger... 83 85
Marconi 5% s%:Mlj:pah Ex .. 60 65
McKlnley D. .2 3-16 2%'Tobaceo Pr0d.125 150
Montana Ton. 1% I%| Do pfd .... 99% 99%
Stock I-lat—Contlnned
500! New York Central
!N Y C & St L...
j Do 1st pfd
I Do 2d pfd
IN _ N H A H ...
3001N Y Ont & W...
500 Norfolk A West. .
Do pfd
200 North American..
2.600|Northern Paciflc..
Omaha
Do pfd
iPaciflc Mail
5O0 Pacific Tel A Tel
SOOlPenn R R Co
100 People's Gas
[Pittsburg Coal...
100, Do pfd I
IP C C A St L...
I Do pfd
iPressed Steel Car
Do pfd
4,000: Ray Cons
; Ry Steel Springs
I Do pfd
31.100 Reading
Do 1st pfd
200 Do 2d pfd
400 Republic 3 11,.
100! Do pfd
2.000 Rock Island Co,.
800 Do pfd
200 Rnmley
Do pfd
2O0 Sears-Roe buck ..
Sloss S UI Co.
Do pfd
StL A- SF 1st pfd
500 Do 2d pfd
Wt LAS W
6.400'Soothern Paciflc.
800 Southern Rsilway
200 Do pfd
200 Tennessee Copper
1.000 Texas Oil
Texas Pacific ..
3 0O|Th Ird Avenn*...
jTol St L A W...
Do pfd
|Twln City R T..
1001 Underwood
JUn Bag A Paper.
1...800|Unlon Paciflc
lOOlUn Paciflc pfd...
lUn Rys Inv Co..
200' Do pfd
|C S 0 Iron Pipe
aool Do pfd
3001U S Rubber
2001 Do 1st pfd
I Do 2d pfd
54.0O0IU S Steel Cor...I
1.300! Do pfd
3,S00iUtah Copper .
400!Va-Car Chem Co.
Do pfd
IWabash
2001 Do pfd
I Wells Fargo Ex.
lOOIWestern Union...
200! West Maryland.!
4O0! Do pfd
200!Westinghouse ...
!W A L K
Do 1st pfd ...
Do 2d pfd
(Wisconsin Cent..
lOOIWoolworth !
227.800 —Total .hares sol.
(112%
I
I
•••v
"82%
|ll3%]
]121%j
•-._•
!•:-;;
121%
114%
111%
.....
.....
I
•_::•
'•".
!
47%
121%
114 %
88%
.....
111% 111 U*%
jfi ! «o
1102% 1108
82%! 90
131 132
82% 32% 33
113 112% 118%
i 83 I 88
82 ' 81 %| 82
121 12l' s 121%
12.*. 13.-
u." i«wt
33 j 88%
47% 47 4*i 3
121% 121% 122
114'; 114 114%
21 %' 21%
88% 88% SO
104 105
110 i1_°
35 38
100 101%
20% 20% 2rt%
84%I 88%
jlOO 102%
170%! 170% 1 170V.,
88% [ 89%
92% 93 84%
25% 28% 26
87% 87% 88
23% 23% 23%
45% 45% 45%
94% 94% 04V_
.•B
i !
20%
:::::
20% j
1170% j
1(V»
!170%
* s %
.
94V
:'....!
*j£"1
109%!
109%
28%
80%
! 3»%
113-;
'35%
! :
102%
iosvi
92%
1*30%
'so%
io.%
28%
;so%
39%
'35%
!
:
102%!
1106
jllO I
i 22*i I
I 35%
I ll
! 29
104 I
Il01%|
62
:is
108%
28%
81
»%
110%
23 V,
35 V.
12
30
105'i
102%
i«7t;
o:i.,
30
«7%
20
5ft
63
107T„
I 80
I 68*i
167%
92% i
67"
59 !
03%!
'58%
63
106%
17
581^,
82%
106%
78
I
L«%
.;...
"l3%
I B2 I
I 72
80
43%
i
4 I
13% 13%|
'126 !
75 i 75
52 I 51%!
72 I 71%!
80 79%!
I I
28%!
IS |
1 BOH I
107 106*4!
100
! 44
116%
4%
15
132
70
53
74
80
8%
30
15
55
_ A"
-_■■
,v
Wilson's Views on tbe Market
J. C. Wilson & Co.'a private wire advices said
yesterday:
"The New York stock market was Irregular
today, witt» weakness In some of the special
ties. Money is somewhat easier on call, hut It
is not plentiful and ft ia felt thst high rates
will prevail again before the turn of tbe year.
There is as yet no sign of that kind of buying
that is necessary to bring about any permanent
improvement In prices.
''With two government reports hanging over
the cotton market, no one was disposed to trade
very heavily either way. There can be no
doubt that the drastic liquidation during the
last week or 10 days bas improved the techni-
Boston Stocks
BOSTON. Dec. 7.— E. F. Hutton A Oo.'s wire
says: "The market opened dull but fractionally
higher. It continued narrow and dull throughout
the session, and many of the low priced Issues
were not traded in at all. Around 11:30 o'clock
It was disposed to rally, with Bntte and Superior
active and strong. The increase, to be recorded
in Monday's copper report, has been loudly
tooted, but we believe It has been discounted.
The market closed dull, with recessions from
the high levels."
The following list is furnished by E. F. Hut
ton A Co.. 490 California street. San Francisco:
Bid. Ask.! Bid. Ask.
Adventure .. 4% 5 [Quincy "9 79%
Alloues 38 40 12% 13
Arcadian 2% 3 iSanta Fe 3 8%
Aria Com ...3% 3 7-16! United Shoe.. 49 50
A P 3% 4 Do pfd 2«% 2*%
Do pfd ... 21% 22 Super A Bost.l*. 17-16
Balaklala ... 3% 3%; Super Copper. 38 38%
Cal A Ariz.. 73% Tt Tnmarack 38 40
Cal A Hecla.MO 542 Trinity 4% 5%
Centennial .. 17 17%1f S Mining.. 42', 43%
Copper Range 52% 52%! Do pfd 40% 80
Daly West... 3% 4 (Utah Apex .. 2 2%
East Butte... 14% 14%jl.tab Coo ... 10% 11
Franklin S% 9 (Victoria 2 2%
Granny 6S 68%'WoIverine ...71% 71%
Hancock 23% 25 Wyandotte 1% 2
Helvetia .... — 75 Winona 4 4%
Isle Royale.. 33% 33%!Creenc Can... 9 9%
Indiana 15% 15%|Glroox 3% 3%
Kerr Lake .. 2% 2% Ray Con 2«>% 2"%
Keweenaw .. 2 2 1 1 .'Algnmab 2% 2%
Lake Copper. 26% 27 'Bos A Maine. 95 97
I_a Salle 5% Mffßos * Albany.2l3 214
Mass Con .. 5% 5%i80s Elev 120 121
Mich Mln .. 2 2%!Cnited Fruit..l7B ISO
Mohawk ' 62 63% (Swift 106% 10T
North Butte. 34% 34%[01d Colony .. 8% 8%
Nev Con ... 19% 20% Mayflower ... 14% ISU
North Lake.. .. 3%|Zinc 29 29%
<>ld Dominion 55% 56%!Butte A Super 42 42%
O*ceola 104%105 I C 54 55
Ojlbway .... 2% 2%! Do pfd .... 86 87
Boston Curb Stocks
The following list is furnished by E. F. Hut
ton & Co., 490 California street. San Francisco:
Bid. A«k Bid. Ask.
Ariz & Mich. 5 10 iNev Douglas.. 3% 3%
Bohemia 2% 2..!0h10 13-16 15-16
Boston Ely .. 13 16 I%'Oueco 1% 1%
Calaveras ... 2% 2%jShattuck Aria. 30% 20v.,
• actus 7 9 'Sun & Globe. 5 10
Chief Con ...17-16 IVijSonth Lake... 6% 7
Corbin 22 24 United Verde. 50 55
Chino 43 43% Newhouse ... 4 ('.
Davis Daly.. 1% l%JNew Baltic... 1% 1";
Eagle A B B 1 1 1-16'Mu 11-16 1%
Ely Witch... 6 8 |Majestic 44 45
Inspiration .. 1«% 19 |Mason Val .. 11% 11%
Keystone ... 1% 2%[
I London Closing Stocks
Cons for money.. 75%|1/.ulsy & Nash 148%
Do for ai-ct 7.VKIM, X & Texas 28%
Amal Copper B..VN V Central 116%
Anaconda B%'Norfolk & We5t...116
Atchison 10ft ! Do pfd 91
Do pfd lO.Mi!Ontario * West... 34
Bait & Ohio 10Ri/ 4 ! Pennsvlvania 62»;
Canadian Pac ...272%'Rand Mines 61,
Ches & Ohio S3 (Reading 88%
("hi Great West.. 17'_. So Railway 29%
Chi. Mil & St P. 117 I Do pfd S3
De Beers 21 % 80 Pacific 112U
Den & Rio Grande 22 (Union Pacific 173
Do pfd 49 1 Do pfd 96
Erie 34V4|U S Steel 71
Do Ist pfd 61%] Do pfd 112',
Do 2d pfd 43 [Wabash 4%
Grand Trunk 30 I Do pfd 14
111 Central 131 !
Bar silver—Steady: 29 11-16 d per ounce.
Money—B%Q3% per cent.
The rate of discount In the open market for
short bills is 4H per cent and for three months'
bills 4% per cent.
cal position of the market, in spite of the re
cent tendency to increase crop estimates. With
the ginning report due Monday snd the govern
ment crop estimate next Thursday, the market
promises to continue a trading affair for a
while.
"Boston coppers arc doing little one way or
the other, hut tiie discouraging feature is the
fact that nobody seems to consider tliem cheap
regardless of price*. We still believe In selling
on all strong spots.
"Wheat had a narrower market in Chicago. I
Northwest receipt, were smaller and Argentina
prices higher, are on competitive terms
with Argent in:, from our gulf ports. I/ocsl
hears found little support and sold prices down
half a cent. The winding up of lake navigation
should cai]«--. some letup In the northwestern
movement temporarily at least. Buy wheat on
the declines rather than sell on the bulges. Corn
and oats were inclined to follow wheat."
Weekly Clearing Houae Statement
NEW YORK. Dec. 7.—The statement of the;
actual condition of the clearing house, banks
and trust companies for the week shows that
they h"ld $8,015,200 reserve in excess of legal
requirements. This is an increase of $8,073,150
from last week.
Analysis of the statement shows that the
burden of loans has again been shifted to
interior stations. The $40,000,000 decrease 1n
actual national deposits doubtless represents in
a very large part withdrawals by out of
town institutions of money promptly loaned out
here. These reserves were available immediately
after the recent call of the national comp
troller. Tbe cash los« was nominal.
The average statement shows a loan contrac
tion of only $31,000,000, with a cash loss of
$7,755,000, leaving the very moderate deficit of
$73,550 in the cash reserve.
The statement follows:
Daily average— Loans $1.1 53,420.000, decrease
$31,135,000: specie. $293,090,000, decrease $7,712.
--000; legal tenders $.81.440.000. decrease $43,000;
net deposits $1,660,823,000. decrease $35.336.000;
circulation $46,579,000. decrease $100,000; hanks'
cash reserve j n vault. $313,030,000: trust com
panies* cash reserve In vault, $60,900,000; ag
gregate cash reserve, $374.,"530.000: deficit lawful
reserve $73,550. increase $56,500; trust com
panies' reservp with clearing house members
carrying 25 per cent cash reserve. $44,935,000.
Actual condition—Loans $1,847,060,000; de
crease $43,048,000; specie $293,250,000, increase
$429,000; leeal tenders $81,186,000. decrease
$518,000; net deposits $1,645,608,000, decrease
$40,041,000; circulation $46,820,000. ' Increase
$106,000; banks' cash reserve in vault, $313,
107.000; trust companies' cash reserve In vault.
$61,358,000; aggregate cash reserve. $374,436.
000:_ excess lawful reserve $3,015,200. increase
$8,073,150; trust companies' reserve with clear
ing house members carrying 25 per cent cash
reserve, $47.505,000.
Summary of state banks and tnist companies
In greater New York not included in clenring
house statement—Loans $579,335,000. decrease
$2,427,000; specie. $67,630,700, increase, $5,972.
--900; legal tenders $8,446,000. increase $51,200;
total deposits. $620,954,600, decrease $3,300,800,
The Financier will say:
"Preliminary estimates were that the clearing
house hanks of New York had gained to a con
siderable extent in cash as a result of the week's
operations, particularly in tbe matter of a flow
of money from the interior toward this center.
"The statement of actual conditions Issued
Saturday, however, showed a very small loss of
$89,000 in cash, but the deficit in reserve re
ported at tbe close of the previous week was
more than made up through tbe unusually large
redaction of $42,048,000 in loans, which brought
about a corresponding decrease of $40,061,000 in
net deposits and a lessening of reserve require
ments amounting to more than $10,000,000. Thiß
was not only sufficient to wipe out the deficit In
excess reserve, hut left an actual excess of
$3,015,200 above the 25 per cent minimum.
"It is difficult to explain the extraordinary
contraction In loans, which evidently was made
for the most part by the banks proper, although
the separate statement of the trust companies
showed that they also had reduced loans by
more than $15.000 000 The deposit of the trust
companies alone decreased nearly $22,000,000 for
the week.
"The statement based on the system of daily
averages did not reflect the later operation! of
SAN FRANCISCO STOCK AND BOND EXCHANGE !
Only six lines of securities figured in the trading on the San Francisco Stock
and Bond exchange yesterday with Spring Valley stock and United Railroad
4s receiving most of the attention. The total sales for the session were 700
shares and bonds of the par value of $3!..000.
United Railroad 4s showed a fractional gain, $30,000 selling at $69 and $3,000.
seller four days, at 168.87 %.
Spring Valley opened at $63.25, at which 100 shares were traded. Then the
price went up an eifirhth at which the sales Mere 525 shares. The only other
Stock figuring on the exchange yesterday was Associated Oil, which continued
weak at $43.25.
The unlisted department had only one deal, that being in Poulsen wireless,
which was firm at $38. Fifty shares "were traded.
LISTED SECURITIES
SALES DECEMBER 7, 1912
Morning Session $1.000 Cal Gas & Electric unifvlng ss. 95.:;7%
Board— fr..O»iO I'nited R R of g F 4s. s 4 88.8T%
25 Aseoeiated Oil Co. sOO 43.39 $40,000 United RRofS P4s 89.00
.0 Associated Oil Co 43.25 Street—
100 Sprln* Valley Water Oo 63.2.. $...000 Edison Elec Co of Los An? 58..1 M.73
525 Spring Valley Water Co 63.37% $2,000 Pacific Tel A Tel oa 99.37%
CLOSING QUOTATIONS
BONDS ! Bid. Ask. Bid. Ask.
U. S. Bonds— Bid. Ask. Oakland Transit Co 65.106% — Cal Wine Assn pfd. - —
4s quar coup (new). 113% — Do 5s — 103.. Do common to 1 - —
3s quarterly coupon.. — — Do Con 5s — 103 !EI dv Pont de N pM. — —
Miscellaneous Bonds— Oakland Trac Con r.s. 97% — [ Do common - —
Alameda Artes W ss. — 98 Oakland Trac Co ss. 91% — [Fireman's Fund 1n5...232% —
Associated Oil Co 55.100 100 .41 Oakland Water gtd •'is 95% — First Nat Bank of 8 r.23t% —
Bay Counties Pow ss. — 101 %'Omnibus Cable Rt 6s. 102 U — jGermau Say & Loan.3loo
Cal Cent Gas &Bl ss. — 103 [Oro Electric Corp 6s. 98% 98% Giant Powder Con 105 —
Cal El gen ss, _er A. 88% — Paciflc Gas Imp 45.. 89% — {Hawaiian Coml A Sug. — 34%
Cal GAEI gm A ctss.loo — Pacific Gas A Elec ss. 89% — Hawaiian Sugar C 0... S3 —
Do unifying 5s 95% — Paciflc Electric Rv ss. 104 104%'Honokaa Sugar C 0.... 7 10
California St Cable 55.101 — Pacific Light A P ss. — 96%;Huniboldt Savings Rk. 135
California Wine 55.. 96% — Do guaranteed 55.. 90U100. 4 ! Hutchinson Sug Plant. 16 16.4
Cent Oal Traction Be. — — [Pacific Tel A Tel ss. 99% 99U Kilauea Sugar Plant. 12 —
City Electric Co 55.. 86% 87%iP_r_ A CH_f HRv <>s 99% 100 [Marin County Water.. 31 54%
Coast Counties UP '« 94% — " Perk A Ocean R R 65.100% - Mercantile Nat Bank. — 240
Contra Costa Wat sa. 98%100 People's Water Co ss. 81% 82 'Mill Val A MtTmSRy — —
Do gen mtge 5s 94% — Igac El. Oas &Ry ss. — 103% Mutual Saving,- Bank. 75 85
Edison El of I. A 55.101%102%'5ac A Woodland Rss 95% — [North Alaska Salmon. - 120
Edison Light A P 68.105 — JS Joaquin Lt & P 3s. — 106 'N Cal Power Co Con. 37 40
E I duPont Pwdr 4%s — 93%| Do Cor 6_. series A.lOl - [Onoinea Sugar C 0.... 31*
First Federal Trst ss. 100% — S F Electric Rv 55.. — 90 Oro Electric Corp pfd. 75
Ferries A Cliff H Rfls.lOO — ISF.Napa A Calis R 6s. 102% — ' Do common I" 1 -! 16%
Great Western Pow 5s 87 — Js F. Oak &S J Ryss. — 103 On. Water. Light & P.loo
Haw Com I & Sug ss. 102 10"% Do 2d mtge 5s — — 'Phhulibu Sugar Plant. 18%
Honolulu RT & L 68.105% — I Do Con Ry 5s — 95% Pac Aux Eire Alarm. 2% —
Lake Tahoe RA T ss. — 97 SJ A g Clara R 4%5. 84 — 'Pac Coast Borsx pfd.loo% mi
Long Beacb C Gas 6s. 100 — 'Santa RarharaG&El 65.101% — \ Do common 74% -
l/>s Angeles Elec ss. — 101 Sierra Rv of Cal 65.. — — IPaciflc Oast Casuslty. — 155
Los Ang Gas &El ss. — 101 SPRR of C 1 c g ss. — 112-% Pacific Crude Oil Co.. — sf»c
Do Corp 5s — 08% SPBraneh Rof Cal 6s. 126 — IPaciflc Light Corp pfd — —
I-os Angeles Ry 55.. — 107 S p R R Ist ref 4s. 93% — Do common 105 —
Do Corp 5s 97V4 — S Val Wat gen m is. 92*4 93 Pacific Tel & Te] pfd. —
Los Ang Light gtd 55.100 — United Gas & Elec ss. 99*4 — ! f* l common — 49
L A-Pac R R lem 58.10344 — I United RRof S E 4*. 69 69% People's Water Co pfd. —
L A-Pac RR of Cal 5s — 100 [Val Counties Pow 55.100 — j Philippine TeIAT Corp 25% 27
Marin Wat A Pow ss. 99% — | STOCKS ,Rea!tv Syndicate 133% —
Market St Cable 65..100 -- iAlaska Packers' Assn. 89 91 'Savings In Bk & Tr.247% —
Do Ist con mtge ss. 93 93%'Amalganiated Oil Co. SO 82 ISccuritv Havings 8ank.340 400
Mid Counties GAEI6s 99% — [American Nat Bank.. 131% — S F-Oak Te r Rvs.A pfd 75 79
Mill Val A MtTmRSs.IOO — Anglo-Cal Trust C 0...125 — [Spring Val Water Co. 63% t;:;%
Natomas Con of Cal 6e 94% — 'Anglo* l»n P Bank. 153% 157%' Sterling Oil Sc Der..1.10 —
Nor Ry Co of Cal sb. — 112% Armsbv Co of NY pfd.lol — [Union Oil Co of Cal.. — —
Nor Cal Ry 5s 106%108% Associated Oil Co 43% 43%' Union Provident Co.. — —
Nor Cal Power Co 55.100%105 ißank of Cal. N A...202% - 'United Petroleum Co.. — —
Do Con 5s — 90 California St R R....124 I *. — il'nlon Sugar Co - 32
Nor Electric Co 55.. 95% 97 Cal Fruit fanners UT%120 Union Trust Co 2500 —
Oakland Gas, LAH ss. — 101%iCal Ins Co ipar $40). - ~ 75 [West Coast Oil pfd.. SO —
UNLISTED SECURITIES
SALES DECEMBER 7, 1912
50 Poulsen Wireless 38.00
The following are the latest quotations for unlisted securities on the San
Francisco Stock and Bond exchange:
BONDS | Bid. Ask. Bid. Ask.
Bid. Ask. Sutter St Ry 6s — 98 Northern Electric 30 50
Alaska Packers 65...104% — jSperry Flour 6s 99% — Oakland Rank of Say. — 225
Amer River Elec ss. 97% — Truckee Lumber 65.. — 97%'Oskland Traction pfd. — 77
Associated Oil Ist ref — 92% United Light <fe P 6s. — 90 [ Do common 30 40
Ray Oowvtles Pow 6s. 101 — United Properties ss. 50 65 'Ocean Shore Ry 13% 18%
Rlue Lake Water 65.U>2% — | IK) debenture 6s 10 15 !Oak. Antloch A: E — 12%
Cul Northwestern 55..103% — IWest Mtg & Guaranty — 108 Oak & Antloch Ry.... - 24
Coast Val GAEI Ist6s.loo 101 [Western Pacific Ry 5s 83% - Oro Development Co.. 43 —
(Jen Petroleum bonds. 66 68 Yosemlte Valley R ss. — S7 'Orpheum stock 19% 20
Honolulu Plant 65.. .101%101% STOCKS Owl Drug common 98 —
Hunt Land & Imp 6s. — 101 Alameda Sugar — 21 %'Pac Coast Borax f01d>.2.>5
Monterev A P Grv 6s. — 94 [August Oil — 30c Paciflc Hard & S pfd. — 95
Mutual Electric 55... 97 — Bank of Sau .lose — 170 I Do common 17. -
Miller A Lux 5s 99% — Buffalo Brewing Co.. — 110 IPaciflc Port Cement.. — 75
Mt Whitnev Pow 6s. — 101%'Cal Cotton Mills 66 70 Paciflc Gas & Elec pfd — M%
Natomas De- 6s 100 — Cal State Life Ins... 19% — Do common 65 88%
Do Land & Mln 6s. 99% — ICal Paciflc Title pfd. — 100 IPal_.ce Hotel stock — 80
Do 2d mtge 6s — 68% Cal Electric gen pfd. 78% — People's Water com... 3% ?•%
Nor Cal Pow deb 6s. — 95 'Central Cal Traction. 10 14% Pet & Santa Rosa Ry. 20% —
Nor West Elec (sabsLlOO 115 ICeotral N Bof 0ak.155 — Portuguese-Amer Bank — 61
Oceanic Steamship ss. — 100 [Central Trust 116 — I'oulsen Wireless 3S 38%
Oak & Antlocb Rv 6s. 82% — [Cypress Lawn 2% — IRiverslde Cement .... 47% —
Oro Water. L& P 6s.loO%lo3%!French-Amertcan Bnk. 95 100 ISchmidt Litl.o C 0.... 15 —
Oakland Gas. LAH 6s.Hl — IGeneral Petroleum ... 36 40 'Sacramento Hotel — |0
Orpheum 6s — 102%'Hawailan Pineapple.. 43 — Standard Cement — -2%
Paciflc Port Cement6_.loO — IHonolulu Plantation.. 31 32 San Francisco Secur.. 49% 53
Palace Hotel 6s — 104 IHonolulu Oil — I.3o'San Joaquin Ligbt &P 16 20
Pet & Santa Rosa ss. 93% 95 ! Italian-American Bnk. — — ISanta Cruz Cement... SO 35
Do 6s 90 95 'Kern Land Co 180 -- Sperry Flour 27 31
Philippine Tel 5s 83 83%iKey Route pfd 84%. -- Do preferred — I<>l
Do gg 97 — ' Do common — 22 ' Union Ice Co 55 —
Riverside Cement 6s. . — 77%Maseot Copper 2% 2% [Vulcan Fire Insurance 13
SF A S Joaquin Vos. — 111 [Mcßride Sugar 9 — Weed Lumber Co 111 115%
SE& Nor Paciflc ss. — 103% [.Metropolis Trust 70 — 'Western Pacific 8y... 9% 9%
Sierra ASF Pow ss. — 97*-i Matson Navigation ...120 — Wells Fargo Bank... — 185
Standard Oment 65.. 92 — Savings... 75 — We*t Coast Life Ins.. — 284%
Standard Electric ss. 92 — ;.Merchants - Nat Bank. 55 — 'West Sacto Land Co. 55 —
8 X Gas A Elec 4'->s. — 94 'Noble Electric 15 — Western Amer Rank.. 12 1.1..
Do nou callable..".. 92 92% Nat Ice & C Storage. - 7<> West Metropolis Bank. — 87%
Santa Cruz Cement 6s 87 — [Natomas Consolidated — 13 Western Meat C 0.... -- 106%
South Cal Edison ss. 97 100 'Nor West Electric... 30 — [Western States Life.. 11% 12%
South Yuba Water 6s.D>s 107% Oahu Sugar 24%— [Western Power pfd. . •".; S_
Soutb Paciflc Coast 4s 93 ' Tht Railway 135 140 iDo common 25 28
Sunset Telephone 55.. — 104.. I
the week, although changes were heavy, loans
having been decreased more than $31,000,000 and
deposits $33,333,333, while the loss in re
flecting earlier movements, was almost $7,.00,
--000. The clearing house banka in the statement
figured on the system of daily averages still
report a deficit of $73,550 in reserve. The tide
in the flow of money has turned unmistakably in
this direction, and it is expected that the banks
from now on will show a quick recovery in cash
reserve."
Condition of the Treaaory
WASHINGTON, Dec. 7.—The condition of the
United States treasury at the beginning of busi
ness today was:
Working balance. $93,166,047.
In banks and Philippine treasury. $31.412,2.9.
Total of general fund. $145,089,102.
Receipts yesterday. $2,520,076.
Disbursements. $8.308433.
The deficit this fiscal year is $1.525.4.6, as
against a deficit, of $21,529,282 last year.
The figures for receipts, disbursements and
deficit exclude Panama canal and public debt
transactions.
Dividend Declared
NEW YORK, Dec. 7.—The declaration of an
initial dividend of IU per cent on the common
stock of the California Petroleum company and
a dividend of 1% per ceat on the preferred stock
was announced here today.
Nfw York Money Market
NEW YORK, Dec. 7. —Money on call, nominal.
Time loans easier: 60 days. 6%@7 per cent:
90 days. 6196 2 per cent; 6 months, 5,i@6 per
cent.
Prime mercantile paper. 6 per cent.
Sterling exchange, steady, with actual bnel
aeaa In bankers' bills at $4.5050 for 60 day bills
and at $4.8455 for demand.
Commercial bills. $4.80%.
Bar silver. 64',c.
Mexican dollars. 4f>>«c.
Bonds—Government. st-ady: railroad, steady.
Cleartnga In Xorihwrst Clttea
PORTLAND. Dec. 7.—Clearings, 51.907.57l 1 ;
balances. $134,816.
SEATTLE. Dec. 7.—Clearings. $1,631,228;
balances. $129,121.
TACOMA. Dec. 7.—Clearing*. $750,231; bal
ances. $49,565.
SPOKANE. Dee. 7.—Clearings, $761,666; bal
ances, $36,537.
London Importa and Export*
LONDON. Dae. 7.—The November statement
of the Board of Trade shows increases of $18.
--005,000 in imports and $11,859,500 In exports.
The principal items in the imports were $7,500,
--000 in cotton from America and $6,125,000 in
cotton from Egypt, ln tbe imports manufac
tured items Bhowed the largest increase.
Loans, Eicbangf and Sliver
Bar silver strengthened in the big markets
yesterday and price* rebounded to the highest
levels of the week. Local exchange rates did not
show the least change.
Commercial paper 5%@6 per cent
Loans on real estate si_@6Vi per cent
Sterling exchange, 60 days —@4.80%
Sterling exchange, demand —@4.54%
Sterling exchange, cable* ~®4.85%
New York exchange, sight —<§ .01
New York exchange, telegraphic —@ .03
Hongkong exchange, sight —@ .50*4
Hongkong exchange, telegraphic — (cb .50%
New York silver, per ounce.... —@ -64<^
London silver, per ounce —@ 29 11-16 d
CONTINENTAL
New York on Paris 3.20%
New York on Mexico 2.01 V.
Berlin on London 30.54%
Paris on London 3.3.33%
Mining Stocks}
♦ ♦
Selling prices and quotations for Nevada min
ing shares showed no change to speak of from
Friday's closing figures at the 8 o'clock session
of the Bush street exchange yesterday morning,
and at that time it looked as though the market
would close the week dull and featureless, for
no oue seemed to take a lively Interest in board
room proceedings until the middle of the fore
noon. The early dullness was followed by a
late bear raid on the north end t'omstocks,
which not only enlivened the market, but forced
prices for the shares of that group down to very
low levels.
Sierra Nevada was the only Comstock Issue
traded in on the call, and it opened fairly steady,
with sales at 34<SJ35e, but the bears hammered
the price down to 29c during their selling cam
paign. Union was the weakest issue of the
group, declining to 180 under pressure, while
Ophir receded to 31c and Consolidated Virginia
tumbled from 37c to 30c on heavy selling. When
prices reached the lowest levels for the day
posted operators commenced picking stocks up.
and as a consequence prices showed some little
improvement at the close, though they were
nowhere near Friday's top levels. Mexican was
affected to a small extent by the bearish tactics
of the room crowd and sold down to $1.75, but
there was very little stock obtainable at that
figure.
Goldficld consolidated was moderately active
at $1.00 _H.62'.-i. the outside figure being the
ruling price most of the time. The other Gold
field l»sues were neglected. Merger Mines alone
figuring on tbe list of sales. Nevada Hills
showed firmness and sold up to $1.50 for the
first time in a long while. Pittsburg Silver
Peak sold at 70@7Je.
Only a few of the Touopahs were dealt in to
any extent. Among them the Merger feature
of the camp was strong and well supported at
BS<u.B4o. West End aviated to $1.37% early in
the day. but its flight was a short one. f<»r it
weakened and closed at $1.33% sales snd bid.
Tonopah of Nevada had one sale at $6.."7 ; _, and
Immediately afterward the price jumped to
$6,521. bid. with no stock obtainable. For Bel
mont $8.50 was bid. but there were no sellers
at that price. The lesser lights of the ,-arup
sold or were quoted at shout previous prices.
SAX FRANCISCO STOCK EXCHANGE
Following were the sales on the San Francisco
Stock exchange yesterday:
Regular Mornfmr Session
1500 Atlanta 13,1000 Mon pitta 1... 19
2000 Blue Bull ... 08 300 North Star ... 22
100 Gld Con M... 1.60! 100 Sierra N'cv ... 35
500 Do, s 30.1.62. 100 Sierra Nev ... 34
1000 Gld Merger M. 25 500 Ton Merger ... 83
Informs 1 Session
1000 Andes 04! 1400 Ophir $31
2t*> Belcher 22 700 Ophir .".1
100 Belcher 23 200 OpMt St
200 Caledonia 76 2(h) pitta 8 Peak.. 71
500 Chollar 031 500 Pitta S Peak. 70
300 Con Imperial.. 02'HOO Savage 07
500 Con Va M 33i 300 Sierra Nov... .".;;
I 200 Con Va M 33)1100 Sierra Nev ... 32
900 GOB Va M 31< 200 Sierra Nev ... :;-,
1".00 Con Va M 30! 1300 Sierra Nev ... 30
700 Gld Con M.1.62. 500 Sierra Nev ... 20
300 Gld Con M... 1.60 1000 lon Merger .. . 83
1000 Gypsy Queen.. 08.8500 too Merger ... S4
300 Hale & Norc. 10 MO Ton of N0v.6.37':,
4000 Man Con 11 200 fnion Con" .... 2;.
200 Mexican 1.75 1200 I'nion Con 20
1000 Midway 31 500 f'nlon Con in
2000 Mon Pitts Ex. 1911600 [Talon Con IS
100 Nev HilN ...t.45 500 rtah 04!
200 Ne v Hills ...1.50 J-o.iWe._t End . .1.37.. I
1500 North Star .. 221 80© Wert End 1.35 1
500 North Star .. 21 ■ 300 West Fnd ..1.32'.. I
100 ophir St. 308 Yellow Jacket. DO
CLOSI N«i QI "OTA HON S
CALIFORNIA
Bid.Ask. BMjUC '•
Brunswick Con 38 .V) Keanc 'Winder. JS]
Cent Eureka.. 33 35;.50 Eureka M. 2.50 8.00
NEVADA
Com stocks
Bid.Ask.! Bid.Ask.
Alpha 02 n.v.Tnlls Con ... 03
Alt a 05 Justice 02 04
Andes 01 .'•".,Kenturk Con.. 02 (»3
I'elcher '-'- 2.: Mexican - 170
Best & Belch, or. o.'Occidental 7o
Bruns Chollar. 12 —Ophir 81 32
limns Totosi.. 1! —'Overman — 48
Bullion 02 03 Potosi 08 04
Caledonia 76 —!.Savage 07 as,
Challenge 07 oS|Seg Belcher .. OS 10
Chollar 03 04, Scorpion 09 11
Confidence ... — 4oiSierra Nev ... 30 32 !
Con Va M 30 31jSilver Hill ... -- 10
Con Imperial.. 02 03; st Ixiuis - 02 j
Crown Point.. — ~s[l'nion Con .... 20 22
Exchequer ... 02 OBIIXUb 04 05 1
Gould St. Cur. ot 02' West Con Va. 20 ~|
Hale & Norc. 09 10; Yellow Jacket. 30 31 I
Tonopah District
Belmont 8.50 S.6o;>fon Pitts Ex. IS 101
Boston Ton .. 02 04.North Star ... 21 22 '
Cash Boy 05 06' Rescue Eula .. 13 14
East End — 05 Ton Exten ...2.50 2.83
Halifax 1.25 1.30:T0n Gypsy Qn. 05 08
Jim Butler .. 63 64 lon Merger ... k; &4
MacNamara .. 18 IflTon of N0v...6.52
Midway SO 3l'Ton 76 Con... — 17
Mlzpah Ex .. 54 - - rinatllla 02 or?
Montana 1.7". I.so West End ....1.32 135
Goldficld District
Adams — 01 old Portland.. — 01
Atlanta 13 14>Old Kewanas.. 04 or,
Blue Bell ... Ol 02 (.id Mercer M. 25 28
Blue Bull ... 08 07 t.randma 01 02
Booth 05 06 Great Bend .. (>l 02
COD 08 06-Grt Bend Am. — 01
Columbia Mt.. 02 OSlOrt Bend F.x.. 01
Com Fraction. 07 OOJJambo Ex ... 25 26
Conqueror Con — Ot.LoaM Star Coo. 03 04
Cracker Jack. — 01 Oro 03 04
Dmd B Butte Red Hills 01 C 2
{reorganised! 03 04Red Top Ex.. — 01
Dmdfld Daisy. 02 04 Sandstorm Ken 01 « J
Florence 56 60 Silver Pick Con 05 06
Frances Mhk.. ol — Spearhead Gold 02 04
Gold Bar Gld. 06 - St Ives 30 —
Gld Bulldog... 02 03 Vernal 07 10
Gld Con M...1.57 I.6o|Yellow Tiger.. 02 03
Bullfrog District
Bonnie Clare.. Ol —Tramp Con .. — 03
Mayflower Con 01 02
Manhattan District
Dexter Union. 02 03 Mm Hill Con.. — 01
Chicago Grain and Provision Futures
r Published by E. F. Hutton & Co., 400 California street.)
CHICAGO, Dec. 7.—The leading futures ranged aw follows: ,
Wheat— Open. High. Low. Close. Oec 6 VY P «r ncrn
December $O.S4»i $0.(54N, $O.S4V, $0.54' 4 $o.Mr__ $0 't.
May 90Ti .m- t .00!4 .»»% ixit' '07*-
July M .M .BT«4 > 7 s ST r s "KB
Corn — ' ■"
December 4R% 4«> .ISi., .4v fil ,.
M«r }£* •**% ■•^ 1 4 ,4«H . 45% 62J £
Jul? 49% -4»% .19 .tit', >4 ©S V,,*
Osts — " ' *
December 38 .':_: .31* .:>,l*, fi_t_ 4fiß ,
May ..:. .331* .3«i .32* .38* Sff
J,,,y ror.:: a ■•* -f» « .«« :S5
January in. 37... _§.37<4 19.3.. 10.33 i» 4 n « ««
May 18.52', 18.87.5 1».77'i IS. 80 10.72V4 l.ftTu
♦ Lard— ' .- j ts.B7Vj
January 10.37*. 10.60 ma:,:. in.-.-. 10'7t, o no
M «7 ' C 1.; V».mk W.SP in. 22', io.«H fO.'-CVi -'2214
Short nl>^— - "•^*fa
January 10.2.- 10.23 10,23 10.il 10".-, . .-..
May 9.97' a 10.UP, ...9.. _$_% ».'»7tt *.«T4
SUMMARY OF
THE MARKETS
Bears cheek feeble rally I« >« w
York atoekn.
M> relaxation of call money ratea
expected. ___,
Low prices fall to attract trade
In coppers.
Cotton steady pending govern
ment ginning report.
Bar silver closes strong at weefc s
blgb level. . ,
Bears raid north end Coinstoek
shares. .
Wheat sustains small losses in
( lllcllßO pit.
Whent and oats steady, hut quiet
locally
Slump occurs Iv spot barley ana
futures.
Rolled barley declines with tne
whole grain.
Lack of green feed favors bay
market.
Fresh butter and. eggs In good
demand and firm.
Big stocks In storage worry egg
speculators.
Small week end trade In fruits
and produce.
Potatoes and apples In burden
some supply.
Poultry closes weak with a big
Gold Wedge... 09 10! Morning Glory. 02 03
Man Big Four — 60! Mustang Man.. 0* 03
Man Amalgam 04 — Mustang Ex .. 01 Oj.
Man Con .... 10 11 Stray I*o« ... — «
Man Dexter .. t>3 04 Thanksgiving.. — 03
Man W Caps. <* 091
Other Districts
Atlas Wonder. 10 15! Ramsey 70 —
Buckhorn Mm. 70 — §* w Coalition. — <U
Eagle's Nest.. <r2 tK. Round Mt 34 oT
Falrvw G Bid 02 <M;Tecopa Cob .. 10 IS
Nev Hills .. .1.47 1.551Ye110w Pine... — 1.00
Pitts S Peak. 69 71|
-■
Oil Stocks
SAX FRANCISCO STOCK EXCHANGE
Bid. Ask.l Bid. Ask.
Amal Oil ..so.oo — iMonte Criste. — oo
Asso Oil ..43.00 43.50|New Pa Pet — 83
Bay City .. — 70;P«lmer 18 —
Caribou" — l.OOißepublle ... 15 —
Claremont.. — 60Silver Tip... 40 —
Coal Central 20 —S W A 8... 15 —•
Coal Mohwk — 1.00 Turner 80 —
I_» I.u.e ... 60 —'W Cosst pfd.90.00 —
Empire 35 — W X Oil Co. 1.55 —
SALES
11:15 a. m.—
100 r_ucile • 5.00
10 West Coast ipfd) 90.00
Oil Sales for tbe Week
Oil sale, for the week ending Friday. Decem
ber (i. 1912. Compiled by the J. P. Hopkina
company:
Stocks— High. Low. Last.
Associated $44.00 $43.00 $43.i*»
Ray City 70 .70 .7ti
Csfibou W .90 .90
Claremont 60 .55 ,_a
Coatings Central 20 .20 ._
Coalinga Mohawk l.»> 0 1.00 ].»*_
De I.uxe 70 .70 .iO
Empire 35 .35 . "5
Lucile S.OO 8.00 S.tKl
Maricopa 36 32 .32 .3-
McKlitrick 09 .09 ._»
Monte Crlsto 95 .80 .80
National Paciflc "4 -04 .04
New Pennsylvania 53 .53 .83
Oicuti 50 .50 .80
Parafflne 25 .25 .35
Palmer 18 .18 ■'»
Republic 15 .15 .13
Saner Dough 1-50 1.50 1.50
Shawraut 100 1.00 1.08
Silver Tip 50 .40 .si>
S W & B 18 .15 .15
Turner 80 -70 ••'•>
Wast toa>t <pfd> 85.00 85.00 85.00
W X Oil 19""' LBS I.M
Busiues. ■-> ilie oil exchange waa of small
volume during tbe week just ended. The total
sales for the week were 2.220 share*, the value
smountlng to $2,270. Palmer led the trading -
with .ale, of 1.200 shares at ISc. Twenty share , Q
of Associated were sold for $860.
LOS AXGELES OIL EXCHANGE
Special Dispatch to The Call
T os ANGEI.ES. Dec. 7.—This morning's ses
sion at the local market was 15 minutes longer
tlimi usual, lasting until 12:15. Both Union and
Provident were in brisk demand and posted sale-.
High grade oil issues were not very actlTe.
Producers— Bid. Aske ..
Amalgamated oil Co 82.37% 82.67%
Amerean Crude Oil Co — 30.00
American Petroleum Co pfd 70.00 75.00 1 /
American Petroleum Co com... 40.00 53.00 ' ■'
Associated Oil Co 43.00 43.62%
Bear Creek O. & M 60
Brookshire Oil — -60
California Midway Oil Co 09
Central 110 1.30
Continental Oil — .35
mace Oil Co 04 .<>7
Euclid Oil Co — ■•'•»
Fullerton Oil 2.55 4.50
Globe Oil Co 02 .03%
Jade Oil Co 07% .09'j
Maricopa Northern 06% -03%
M.ricopa Queen — .30
Mascot OH Co — -75
Mexican Petroleum Ltd pfd... 101.00 103.00
Midway Northern — .2"
National Paciflc Oil Co 02% .02%
New Perm Petroleum Co 51
Olinda Land Co (oil) 38% .39%
Palmer Oil Co .20
Pennsylvania Midway Oil C 0... .07% —
Pirn oil Co 25
Rice Ranch Oil Co 1.15 1.22%
Traders Oil Co 67.00 71.00
Uniou 02.00 93.37' _.
I'nion Provident 106. 57% 107.12%
United Petroleum Oo 106.50 107.00
United OH Co 34% .36
West Coast Oil pfd "0.00
Western Union 60.00 100.00
I White Star Oil Co 1.00 —
SALES J
10 Amalgamated _2..'r»
2000 National Pacific 08%
10 Colon Provident 106.*7%
30 I'nion Provident 107.00
3000 United Oil 34%
10 Union Oil 92.25
off Board
2000 Olind,. Land Co 83.00
•c ' ■ ' ♦•
Grain Market
Wheat and Other Grain*
Wheat- Tl'e local spot niarkct closed the w»el_
-tc.jrlv with prices unchanged, though th»r» was
jll . mu«h business in progress. Chicago was a
linlc ca«i»>r. but there was nothing like a heavy
j decline nor was there any expected. The local
1 market is governed largely by the situation at
Chicago. CASH WHEAT
California white Australian, nominal: Callfor-
I nia club. 11.47%A1.50 per ctl: northern ei o b.
I [email protected]; Turkey red. $1.53*8; 1.57.*; Rus
sian red, $1.45® 1.474; forty-fold, $1.50(31.52'.;
bluestem. $1.55(31.57',.
FUTURES
No quotations.
Barley—The spot grain and th» options cor..
tinned to weaken yesterday, the downward move
ment of prices assuming the proportions of ■«
slump In both departments of the market. The
actual grain wss in heavy supply and largn
receiver* eat prices sharply in efforts to induce
! buying. For California choice feed. $1.45 a cen-
I tal was an extreme price arid the same grade of
! northern grain was offered at $L3fi. Receipts ln
. eluded 67.1t'4 centals from Port Costa for export
,' and 19.860 centals from Oregon, ln the pit the
December option opened at $1.37*. dropped to
j $1.88% em selling pressure and closed at $1.36\
1 against $1.40 on Friday. May sold down to
j $1.35%. but rebounded and closed at the same
I level as the December contract.
CASH BARLEY
Choice feed. $1.40(31.42'_ per ctl; lower
grades. $1 .35 ft' 1.37...: choice northern feed. $1.35
asked; shipping and brewing. $1.43Q1.62%; chev
alier, nominal. FUTURES
1! a. m. Session
Option— Open High Low Close
December ...$1.37% $1.37.. $1.38 4 $1 .36\
May. 1913... 1.33% 1.38% 1.35 V, 1.36* t
Oats— This marker closed the week steady at
the old quotations with traders reporting a fair
inquiry. December white sold in the pit at $1.50.
The quotations were unaltered. Red for
seed, $1.75*2.10. including re.loaned: spot white
feed. $1.3501.37%; black seed. $L851Q2.20.
Corn —Easter.1. nominal; Egyptian, $1.67%®
1.70 per ctl.
Rye i« quoted at $1.4561.47% for California
and $1.40 for northern.
Foreign Futures
LIVERPOOL
Wheat— Dwe. March Mar
Opening 7 3% 7 3'j 7 2%
Closing 7 3% 7 31, 4 7 2
PARIS
Wheat — Dec. Mar.-June
Opening $1.43% $1.40
Closing 4 1.43% 1.40%
Flour, per barrel— Dee. Jan.-Feb.
Opening $0.25 $6.08."
Closing 3.38 6.13

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