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The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, December 14, 1912, Image 19

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85066387/1912-12-14/ed-1/seq-19/

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BUSINESS, COMM ERC IAL AND FINANCIAL SECTION
18
ORO ELECTRIC TO
BUY MORE POWER
FROM NORTHERN
Current Needed for Exten
sion of Development Work
on Natomas Consoli
dated Holdings
COPPER STOCKS ARE
NOT SATISFACTORY
Railroad Commission Post
pones Investigation Into
Rates in South
CLOVIS A. FARNSWORTH
The Northern California Power com
pany has just closed a contract with
the Oro Electric corporation to deliver
to the latter corporation 20,000 horse
power at a price which is said to be
very satisfactory to both parties. While
the terms of the deal have been agreed
upon, the papers will not be signed
until today or Monday.
It is understood that the Oro Elec
tric corporation had to go into the
market for more power because of its
contract executed recently with the
Natomas Consolidated, which will need
f power for pumptns. reclaiming, dredg
ng and cultivating the large holdings
which it is now developing.
This is the second contract between
the Northern California Power com
pany and the Oro Electric corporation
recently, a contract having been made
about six weeks ago for the delivery
of 4,000 horsepower. Things are now
looking much brighter for the Northern
California Power company, which has
had a surplus of power and a limited
market. The company has seven
hydro-electric plants in the Sacramento
valley, generating 51.000 horsepower.
The company has exclusive territory in
Shasta. Tehama and Glenn counties. It
is also operating in Colusa, Butte and
Trinity count;
Rumors on the street of the contract
for 20.00n horsepower had their effect
on the market yesterday. With 50
shares having: been sold at $37.50
Wednesday, the market opened yester
day at $39, but it later shaded off to
$38.75. There was more activity in
the stock than has been the case in a
long time.
* * *
(A 1.1 FOR MA PETROLEUM
The initial dividend of I*4 per cent
which has just been declared on the
common stock of the California Petro
leum corporation places that issue on
a 5 per rent per annum basis, which
calls for $675,000 a year. The company
has an authorized issue of $17,500,080
7 per cent cumulative preferred stock
($12,000,000 outstanding) and $17,500.
--000 authorized common ($13,500,000
outstanding). Both issues were listed
on the New York stock exchange in
October.
California Petroleum is now return
ing to its common and preferred share
holders at the rate of $1,515,000 a year.
Earnings of the company for October—
the month last reported—were close to
$250,000, or at the rate of approxi
mately $3,000,000 for the year.
An unusual feature of its articles of
incorporation is that the preferred
stock, In addition to its preferred 7
per cent dividend. Is entitled to share
equally with the common stock in divi
dends declared in any one year after
the common stock has received 7 per
cent. This provision gives to the pre
ferred stock a speculative feature
comparable to that of a convertible
bond. \l the company earned for a
year at the October rate, there would
be a balance of $1,215,000, after 7 per
cent on the preferred and an equal per
centage paid on the common, equal to
4.7 per cent on the combined outstand
ing stock of both issues. In this bal
ance, after dividends, both issues would
have like equity. Therefore both the
preferred and common stock may be
considered to be earning at the rate of
about 10 per cent per annum.
In spite of the favorable earnings
which the company ia showing, the
common stock has not sold up to its
hlgh point of 72. reached shortly after
trading began in the issue on the big
board. Initial transactions ranged
from 66 to 72, but since that time the
issue has sold down to 59%. The com
pany is constantly increasing its out
put of oil, and early next year expects
to show further increase In both pro
duction and profits.
* * »
INCREASED COPPER STOCKS
Copper Producers' association reports
stocks of copper on December 1 as
56,164,059 pounds, an increase of 9.419
--005 pounds, as compared with 76,744.
--964 pounds on November 1. Production
and deliveries compare as follows:
November October
Produeetien 134.093.440 14".405.453
foreign deliveries 55.906,550 47,621,342
-'deliveries 89,360,796 H4.104.734
Total deliveries 125.27*.345 131,7-6.076
The November statistics of the Cop
per Producers' association were re
f\rded as negatively favorable by the
merNbers of the association. This was
becau>» nearly all of the producers
expected to see a considerably larger
gain in the United States surplus stocks.
One of them had made a forecast of
an increase of 10.000,000 pounds, or
within 500,000 pounds of the 9,419,095
pounds actually shown, but he was
willing to concede after the meeting
that his estimate was more in the
nature of a good guess than an in
spired prophecy.
* # _>
LOS ANGEI.ES CASE POSTPONED
The railroad commission has post
poned its investigation Into the rates
between the business section of the
'•ity of Los Angeles and San Pedro, on
West Sacramento Company
First Mortgage Bonds
YIELDING SIX PER CENT.
TAX EXEMPT.
LOUIS SLOSS & CO.
Masku Commercial Building
E. F. HUTTON & CO.
490 California St. Tel. Douglas 2487
St. I ram-Is Hotel. Tel. Douglan 3982
Members cf New York .lock Exchange
Pioneer House
Private Wire to Chicago
and New \ ork
R. E. M V L C A H V . Manager
—-_______________i————————————————————————
J. C. WILSON & CO.
MEMBERS
NEW YORK STOCK EXCHANGE
NEW YORK COTTON EXCHANGE
CHICAGO BOARD OP TRADE
THE STOCK AM) BONO EXCHANGE
SAN FRANCISCO
Main Offlee, Mill* Bid*.. S. K.
Branch Office*—l.©* Angelea, San
Diego. Coronado, Cal.i Portland, Ore.;
Seattle, Wash.! Vancouver, B. C.
Private Wire. Chicago, New York.
$100 Bonds
Call or write fur our magazine. "Safety and
Profit," describing several $100 bonds that yield
4% to 6%
Government, municipal, railroad, pnblle utility
in<! industrial bond*. Many listed on New York
st'H-k Exchange. If you wish to buy or sell any
»omls, call or write for a free copy of our maga
sine.
AMERICAN BOND COMPANY
loos Call building.
the Southern Pacific, and the San Pedro,
Los Angeles and Salt Lake Railroad
cotnpany, from December 20 to Monday,
February 10, 1913. The effective date
of the commission's recent order allow
ing the Southern Pacific; Atchison, To
peka and Santa Fe. and the San Pedro.
Los Angeles and Salt Lake railroad to
cancel wharfage and handling charges
at San Pedro has been extended until
the further order of the commission.
SO SEAT—NO FAR-3
Holding that the provisions of the
ordinance by which Portland. Ore.,
sought to put in effect a three cent ■
fare for all passengers on the lines of
the Portland Railway company who
were not given a seat were "arbitrary,
impracticable . and impossible for en
forcement and would deprive the com- ,
panv of its property without due
process of law." the United States court
granted the street railway company a
temporary injunction against the en
forcement of the ordinance. The ordi
nance provided that if the company
did not comply with all its provisions
within one month from time of its tak
ing effect the franchise of the com
pany should be subject to forfeiture at
the discretion of the council. Owing
to the terms in which the court granted
the temporary injunction, officials of
the company believe that it will be
made permanent on final hearing.
•X- 4fr •*"■
PROPOSED BOND ISSUES
The South San Joaquin irrigation dis
trict is said to be considering the prop
osition of holding an election to vote
on the issuance of $1,170,000 distribu
tion and $790,000 reservoir bonds.
An election will he held in El Centro.
Imperial county, December 20 to vote
on the proposition of issuing $50,000
bonds.
Proposals will be received until 10
a. m. December 30 by the city of San
Diego for the $2,500,000 4 1-4 per cent
coupon bonds authorized by a vote of
6.94S to 1,405 at the election held
August 15 to purchase the system of
the Southern California Mountain
Water company (volume 95, page 1228).
Denominations, (2,480) $1,000 and (40)
$500. Date, January 1, 1913. Interest,
J. &J. at the city treasury. Due, $62.
--500 yearly, January 1 from 1914 to 19a3,
inclusive. Certified check on a respon
sible bank in San Diego for $25,000
payable to the city treasurer required.
* * *
The Armsby company of New York
yesterday declared Its initial dividend
of 1 3-4 "per cent on preferred stock,
payable December 31. to stock holders
of record December 14.
# * *
Nipisslng- Mines company has de;
clared a regular quarterly dividend of 5
per cent and 2 1-2 per cent extra, pay
able January 20 to stock of record De
cember 31. Books close December 31
and reopen January 16.
# * *
Royal Raking Powder company has
declared the regular quarterly dividend
of 1 1-2 per cent on the preferred stock,
payable December 31 to stock of record
December 16.
* * *
Docal bank clearing yesterday were
$8,297,625.68.
PORTLAND. Dec. 13.— Clearings. $2,449,424;
balances. $402,820. _~ _ ,
TACOMA. Dec. 13.—Clearings. $.01,081; bal
ances. $08,575. _„ ___ „„.
SEATTLE. Dec. 13.—Clearings, $2,419,680;
balances. $431,039. _„. ,„
SPOKANE. Dec. 13.—Clearings, $..3,403;
balances. $766.5651.
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 sales
yesterday:
Sales 1 STOCKS jHigbj Low j Bid i Ask
jAHis-Chalmere 1% \
Do pfd _**Hj _<7»
30.700 Amalg Copper 75% 75% 74 | 74%
1,700 Am Beet Sugar.. 49% 48% 48* »
.......( Do pfd 83% 90
6.200 Amer Can C 0.... 29% 25% 28% i 29Vi
TOO Do pfd 114 113% 113% 114%
700|Am Car AFy Co 55% 54 54 54%
.Do pfd - 116% 119
600 Amer Cotton Oil. 57% 06% 56% 57
Do pfd 96 9.
(Amer Hide A L 4% 5
2001 Do pfd 4% 4% 4 «
| Ahi Ice Sec'ties 18% I?
300iAm Linseed 11 10% 10% 11%
Do pfd 30% 32
500(Am Locomotive.. 42 41 41% 4_»
Do pfd 106 107
500 Amer Malt 12% 11% 11% 12%
4001 Do pfd 68% 58 57% 58
7,400|Am Sm A Rfg Co 71 69% 70 70%
200 Do pfd 104% 104 103 105
Amer SB.ff 182 188
Do pfd 101% 104
2.ooojAmer Sugar 117 116 116% 117
'Do pfd 115 120
100(Am Steel Fdrles. 35% 35% 35 30
400! Am TAT C 0... 139% 138% 139 139%
100(Amer Tobacco.. .1261 261 201 261 %
Do pfd 103 104
100 Amer Woolen ... 21 21 21 '_-
100' Do pfd 82% 82% 82% S5
3.5001 Anaconda 39 38% 3x% 38%
oOOiAtl'c Coast Line. 137% 137 137 138
4,900|A TAS Fe 106 105%:105% 106
200 Do pfd 101% 101% 101% 101%
(Baltimore A Ohio 104% 103% 104 104%
(Do pfd 86%| 87%
90o;Bethlehem Steel. .36 34% 35% i 35%
30O| Do pfd 60 64 <>4 % 68 ! _
3.100 BR T 88% 87% 8Si 4 88%
|Callf Petroleum..! 58% 54%] 85%| 55%
23,600iCanadlan Pacific. 258% 153 V* 255% 206%
S.OOOIChino Copper 42 41 41 % 41%
I.aWc. A O *.. 78% 78% 78% 78%
|C A A 7. 16% 20
|C G W I 16% 18
300 Do pfd 31%) 31 30% 31%
900 C A N W 135% 135% 135% 135%
7,000 CM_ St P 112% 111 111% 111%
Do pfd 140 141%
Central Leather.. 27% 27%] 27 27%
Do pfd 91% 93
Central of N J {3«0 370
100 C C C A St L... 46 46 46 52
200! Do pfd 95 95 95
SodColo Fuel A Iron. 34 33% 33% 34
,Do pfd.... 1 155
200 Colorado Southern 33% 32% 33% 34
Do Ist pfd 70 75
(Do 2d pfd A3 66%
l,9oo(Consolidated Gas. 139 138% 139% 139%
I.2oo;Corn Products 14% 13% 14 14%
300; Do pfd 77 76 75% 77
ICrex Carpet IJj 76 178
Del A Hudson... j 161 1164
Del Lack A W } 555 564
iDen A Rio Gr... j 20% 21
!Do pfd ! 38% 39%
I.6oo(Distillers' Secur.. 21% 20V* 20% 21%
Duluth S S A A.. 7 7%
Do pfd h" 13% 15
4,6ooiErie 31% j3l Vi 31% 31%
700 Do Ist pfd 49% i 48% 49% 49%
Do 2d pfd 39% 40
700(General Electric. 182% 181% 183 188%
200 (it Northern Ore. 41%| 41% 41% 42
4,000!Gt Northern pfd.. 134% 133% 134% 134%
1.900 Goldfieid Con 1%) 1% 1% 1%
600'Illinols Ceutral... 127% 120"", 12- 126%
500'Insplratlon IKY 17%) 17% jlB
s.7oo(lnterboro-Metro... 17% 17 ( 17% 17%
5.700 Do pfd i 6! i 89%; 60%| 61
l.lOOlnter Harvester.. 108 [107% 1108 Jlt»%
Inter Mer Marin- 4% 4%j 4%( 5
Do pfd ! lsU'W'v W% 18%
7oi:lnternatl' Paper. VI I Yi%\ 12 ; 12%
8001 Do pfd 18 4s «..*% -19
[internat'l Pump..; !I 19 j_6
!Do pfd 7i m
lowa Central 10 113
Do pfd (22 |27
3-0 Kansas City Sou.. 26% 28 2fl :27
Do pfd BO ( 62%
Kayser RS I I*o%
Do pfd j '105 108
5.500 Lehigh Valley ;lA9 lAB [168!
-On Liggett A Meyers 210 200%(JOB (209%
2001 Do pfd 116 115%j114 115
P Lorillard Co '198 1202
!Do pfd J ill.*", [116
1.300(Loulsvl A Nashvl. 141 140*% 1140% 141
iMac-av ISO jB4
100 Do pfd 66 AA AA 67
200J Mexican Central..! 27% 27%( 27 27%
5,500!Mex Petroleum...] 79%! 7.*>%; W%l 7«%
(Minn A St Louis.. 22% 123
!Do Ist pfd '1 44 49
400' MSt PA S S M.. 138% 1138 |138 (tr-.O
Do pfd [148 1151
100 Mn Kan A Tex... 26%' 26% 36% 26%
SOH Do pfd |60 ' fio ! 59% 61
2,100 Miami Copper 25% 25 24%' 25
2.300 1 Missouri Pacific.. 41%| 41% 41V 41%
'Natloual Lead...f ' 55%« 56%
100] Do pfd 106 !106 103 107
4001Natlonal Biscuit.. !118%'116% 117% 119%
!Do pfd I j 122% 125
National Enamel.l ] 16%} 19%
I.ooo'Nevada Cons J9%[ 19 19% 19%
N V Air Brake 74 77
9.600:N V Central 108%'107 108 108%
IN YCA St L... .....(..... 56 ©0
iDo Ist pfd 99
IDo 2d pfd Ij Mi 90
200(N V N H A Hart. 129%|128%i128% 129%
100 Ny ont A W....[ 31%! 31%' 31% 32
•'OO'Norfolk A West'nlll2%lll2 1111% n_%
!Do pfd I | 183 83%
100' North American..) «o%| Ro%| 80% si
B.2oo'Northern Pacific. 120%!119%!120 120 V.
iOmaha 1 1 125 135
iDo pfd I ( 150 100
400 Pacific Mail i 30% i3O |30 32
T A T Co.I 45 46
2.2oofp»nn R R Co 1121%1120%-121 % 121%
500 People* Gas 1111% 110% 110% 111
4001 Pittsburg Coal 20%I 20% 20% 21
1.600 Do pfd 86% 1 85% SOU 80%
IP CCA St L 100 105
(Do pfd 100 lid
1001 Pressed Steel Car. 35 35 34% 88
!Do pfd 99% 101
lO.lOOlßay Cons 19% 19% 19*
IRv St.-el Sjigs Co
'Do pfd : 98% 102
92.fi0*>( Reading 1A6%i1«4%164%'1A4%
lOit! Do l«t pfd :90 90 (90 90%
!Do 2.1 pfd ... B_ ! 93%
I.ooo] It-public 8 A 1... 25% 25 :_a :»«
700( IVi pfd 84% M' 4 M*
i.eOOlßork Island C 0...; _:'-, a%j 23 %i 23%
THE SAN FRANCISCO CALL, SATURDAY, DECEMBER 14, 1912.
Stocks Still Unsettled, but
Excitement in Street Abates
NEW YORK, Dec. 13.—Tension was relaxed in the stock market todt|y
which presented a more normal appearance after the troubled days which
had preceded. Fluctuations uf some of the leaders were still wide and
the tone continued unsettled and at times feverish, but ther-"* was no ap
proach to the excited dealings and violent movement of yesterday.
Prices rose briskly at the beginning of the day and before the first
hour was ended gains of 1 to 2 points were registered throughout. Union
Pacific, whose drop of more than 21 points in 10 days had been the chief
disturbing feature, was in good demand and rose 2% points. Canadian
Pacific sold down nearly 5 points on offerings said to have come largely
from Berlin. New York Central developed weakness and Southern Pacific,
which had been bought aggressively through the recent decline, fell back
more than two points. The market weakened and earlier gains were lost.
In the early afternoon there was a rally, but at the end of the day net
changes were small.
Weakness of the foreign exchanges on account of rumors of unfavor
able developments in the international situation influenced this market
to some extent, although Wall street was less sensitive than recently to
the changes abroad owing to pre-occupation with its own affairs.
Forecasts of tomorrow's bank statement suggested a small cash loss.
Aside from the regular currency movement, the position of the banks
has been Improved by receipts of gold from abroad.
The bond market was irregular. The active Issues covered a wide
range. Total sales, par value, $1,633,000.
United States bonds were unchanged on call.
NSW YORK. Dec. 13.— E. F. Hutton & Co.'s wire says: "Stock market
movements today were decidedly erratic, though the tendency was for
improvement over yesterday's prices. Early strength was followed by a
s-harp raid on the general list with New York Central and Southern Pacific
as the weak features. We believe these stocks were raided to create bear
ish sentiment and the operation was quite successful, as a large profes
sional following sold. This raid did not last long as stocks were well
bought on the decline with the result that during the rest of the session
there was general improvement in the standard issues. The discrimina
tion against California Petroleum in loans by banks caused a good sized
account to be liquidated with the result of a sharp break In this security
Foreign markets were distinctly heavy all day on the report of a breaking
off of peace negotiations and Europe sold here about 35.000 shares of Amer
ican stocks. Our market here, however, was unaffected as the result of
the recent drastic liquidation. We believe stocks will sell higher"
EASTERN STOCK AND BOND QUOTATIONS
New York Bonds
U S ref 2s reg. ..100%!Japan 4%s 00%
Do coupon 100%lKan City So ref 5s 97%
D>> .'is reg 1(_"*'l Shor deb 45.1931 92%
Do coupon 102%|L A N unified 4«. 97
Do 4s reg 113% M, X A Tex Ist 4s 94%
Do coupon 113% Do gen 4%s 86%
Panama 3s coupon.lol% Mo Pacific 4s 70
Al thai Ist 5s ctfs 59 | Do fv ,_ 86
Amer Agricnl 5».101%!N R ot Mcx 4%5. M%
Amer TAT cv 45.10S |N V C gen 3%k. . S.>%
Amer Tobacco fis.ll9 Do deb 4s 91%
Armour 4%s 91%'nY.NHA II cv 3%s 91%
At.-hl<o_ gen 45.. 96%' Nor A W Ist con 4s 96
Do cv 4s. 1960..102% Do cv 4s. 112%
Do cr 5s 105%!N0r Pacific 4s 97%
Atlan C L Ist 4s. 95%j Do 3a . «8
Bait A Ohio 45.. S Line rfdg 4s. 91
Do 3%s 90% ;pa cv 3%5. 1915.. 90%
Rrooklvn TV cv 4- BM. {P_ con 4« 101%
Central of 6a 5s 10ti*v, Reading gen 45... 96%
Cent leather 55.. 931_ St L A S Ffg 4s. 75
Cbes A Ohio 55.. 99%! Do gen 5s 82%
Do con 4%s *2%} At L S W con 4s. 80%
Chi A Alton 3%5. A 5 'Seaboard AL adi 5s 74* v«
C. B A Q joint 4s 95% So Pacific col 45.. 91%
Do gen 4s 95 ( Do cv 4s 92%
C.MA StP cv 4%5.104%' Do Ist ref *.. 93%
C.RIA Pac col 4s. 88 (So Railway 5s 105%
Do ref 4s 86%( Do gen 4s 77%
Col So rAext 4%s 93 (Union Pacific 45.. 98%
Del A Hnd cv 4s. 96% ( Do cv 4s 9A%
Pen A R G ref ss. 83% l Do Ist A ref 4s. 95%
Distillers 5s 69 \l' S Rubber A 5...103
Erie prior lien 4s. 85% IT S Steel 2d 55.. 100%
Do gen 4s 74 Va Car Chem 5_.. 97%
Do cv 4s, ser B. 75 Wabash IstAext 4s A 5
111 Cen Ist ref 4s. 94% Western Md 45... 84
Int Met 4iis 79 (Westing El cv ss. 92%
Int Mer Mar 4%5. A4%'Wls Central 4s 90
I New York Mining Stocks 1
Com Tunnel Stock OS'Mexlean 150
Com Tunnel Bonds 12iOntario 2.50
Con Vh Mm Co.. 27'Ophir 25
Iron Silver 2.oo'Standard 1.00
Con ... OSiYellow Jacket SO
IJttle Chief 04(
*-
New York Curb Stocks
_-—.—*
NEW YORK. Dec. 13.— E. F. Hutton A Co.'s
wire say*: "Prices in the outside market gen
erally became steadier today, with the exception
of tobacco stocks, which suffered losses. United
Cigar Stores closed at the low price of the day.
The mining Iss*»_» as a rule did better. Alaska
Gold Mining, Mines of America and Giroux were
the specialties in point of strength. The market
closed steady."
The following list Is furnished by E. F. Hat
ton A Co.. 490 California street. San F'lnelsco:
Bid. Ask.' Bid. Ask.
Anelo Oil .. 17V 18V, Nipisslng 8% 8%
Belmont 7% 7%' Ohio Copper.. 1% 1%
Braden Coppr 9% 9%'Bac GAE com A3% 84
Do 6s .... 192 195 I Do pfd .... 90% 91%
British C 01... 4% 4% Phelps Dodge.2lA 220
Chi Subway.. 4 7 San Toy 25 27
Colorado 20 25 (Sioux Con ..2 5
Con Aria ...7-1A %'s W Miami.. 5 7
Davis Dalv.. 1% 2%' So Ctah % %
Dobie % % Standard Oil.
Dolores 2 4 ex snbs 394 397
VA Ravo 1 2 Do Did ....316 320
Ely OtV ... % 2 Do Cal 164 16«
F.lv Con 9 12 (Stewart 111-161%
El Paso 5% 6%' Ton of Nev.. A 6%
First Nat ... 1% I%'Tri Bullion.. .7 16 %
Fraction 8 IO (Tuolumne .... 2% 2%
Florence 50 AO IL'nlted Copper 1 2
Clroux ..3 11-16 313 lA] Do pfd B 12
Gld Dslsv ..4 A Ii; S Ught... 12 12%
Old Belmont. 10 15 [Yukon 3 3%
Greene Can.. 8% B%'West Pac Ry. — 9%
Hnlllngcr ... 15 15% IDo 5« 83% 84
Halifax 1% l%!West Pow pfd 52 5A
Iron 810550m.12.1 135 ' Do com ... 26 28
Int Rubber .. 10% 11%' West End ...1 1-16 1%
Jim Butler .. 54 50 tWettlaufer .. 24 26
Jumbo Ex .. 25 20 [Tobacco Prod. 115 140
Kerr Lake .. 2% 2% Do pfd 91% 92%
Kcvstone ... 1% 2V4'Emerson ..... 65% 66%
La' Rose ..2 7-16 2 9-16' Do pfd 98 98
Lebleh Coal. .215 223 'Willys 68 69
Mason Val .. 10% — j Do pfd 99% 99%
Mays Oil ... 15 18 (Alaska Gold.. 10% 10%
Man Transit. 1% I%[Ton Merger... 74 75
Marconi 5 5% Manhat Shirt. AO OS
M.-Kinlev D.. 115-It2 1 Do pfd 102 103
Montana Ton.l 7-16 I%'Bte A N V.l 9-16 1 11-16
Miami 6s ...168 178 (Mizpah Ex .. 54 55
Mines of Am. 3 -B%'Ton Exten .. 2% 2%
Montg Sho... 02 0." Clwett AA 68
Nev Hills ... 1% 1%; Do pfd 103 103%
New York Stock List—Continued
Salea I STOCKS [High! Low 1 Bid j Ask'
Oooi Do pfd | 44%( 44 i~44 | 44%
lOOIR-jmtey (90% 90% ( 90%| 91%
Do pfd (100 UOl
000! Seara- Roebuck ..'2OO 198 ]198%(199
jSloss S S A I Co.f 43 ! 45
( Do pfd I 95%|100
IS L A S F Ist pfd 60 A3
400! Do 2d pfd 30% 30 30% 30%
St L A S W 34 35
I Do pfd ! 73 I "!%
25.000 Southern Pacific. 109%' 100% 1108% 1108%
«00|Southern Railway 28 27% 27%1 28
400 ! Do pfd 80V. 79% 80%| 80%
400 Term Copper 37 3A%! 36-.( 37%
600 Tpxbs Oil 108 108 107% 108%
50fHTexas Pacific 22% 22% 22% 23
4Oo!Thlrd Avenue 33% 35 35% 36
SOO.Toledo St L A W 12 II 10 12
I Do pfd 29% 30
100'Twln City R T.. 103% 103% 103% 108
11 'nderwood (97 100
20*0 Inion Bag A P.. A%( 6U 8 6%
7S.4oo|Unlon Pacific 157%'154% 155% 155%
000 Do pfd 90% j 90% I 90% 90%
3Oo!lnited Rys Inv Co 37 36% 138 37
900| Do pfd | A 5% 64 Vi 65 66
2001U S Cast iron P. 17% 17% 17% 18%
500* Do pf.l 1 (« 59% 57 60
3.6001 U S Rubber 63% 63 A3% 03%
| Do Ist pfd ( ...107 107%
Do 2d pfd 78% 80%
112.600)1; S Steel Cor 66% 64% 65% 65%
1.800 Do pfd 109%1108% 109 109%
s.sooirtah Copper 57 156 56% 56%
l._oo|Va-Car Chem Co. 43%! 43 43 43%
100 Do pfd 115%!ll5% 114% 116%
(Virginia C0a1.... •( 53% 58
(Wabash 4 4%
! Do pfd 13 13%
(Wells Fargo Ex 125 131
3001 Western l*nlon 73% 73% 73% 73%
(West Maryland 51 % 52%
I Do pfd j 70 75
1.000 Westinghouse .... 77% 76% 76% 77
IW A L E. 7 ! 8
i Do Ist pfd 27 28%
( Do 2d pfd 1 12 14
Wisconsin Central j 49 54
400|Woolworth 106%j106 |106 106%
568,400 —Total shares sold.
Wllaon'a Views of the Market
J. C. Wilson A Co.'s private wire advices said
yesterday:
"More <>r less selling took place on the New
York Stock exchange on a renewal of disturbing
cables from the continent, but stocks were weil
taken and a better undertone prevailed than
for some days past. There was little news, and
the rumors of various transfers of stock on ac
count of declining prices seem to have subsided.
"After digesting yesterday's government cotton
report over night the cotton world plainly took
a bullish view of it on both sides of the water.
March ran np to within 12 points of the high
level of the season. Then it met profit taking
orders and receded. One stimulating factor
during the day was the multiplying evidence of
a sharp decrease In the ginning for the period
between November 30 and December 12.
"The action of the Boston market was far
from favorable. In spite of the rally yesterday
and the restored confidence, there was little
demand for stocks, and after a slight ri*e
at the opening the whole list had a sagging
tcndeie l .
I'll C-lrcago wheat market has been under
Boston Stocks
BOSTON. Dee. 13.— E. F. Hutton A Co.'s wire
'ays: '■The market opened broad and active,
with to-ic firm. North Butte lias acted very
well during the recent break and shows an in
'•lin-itioii to rally well when given encourage
ment. Much liquidation and many stop orders
have been executed in Butte and Superior, and
«c believe that tbe stock has seen hottom and
will advance faster than any of the others. There
in* lit-*-1. conspicuously good buying of Calumet
and Arlaona and Grauby the last two days. Isle
Royale has been well bought and supported at 29.
U'Hicy is still extremely tight in Boston, but
It Is expected to ease considerably after the
first of the year, when a much better and higher
market is expected. It Is thought the heavy
liquidation, which has been going on In smelters
has been completed. The stock rallies with more
snap and vim for a long time."
The following list Is furnished by E. F. Hut
ton & Co., 490 California street, San Francisco:
Bid. Ask.! Bid. Ask.
Adventure .. 4% s%(Qu!ncv 75 76%
-*»l'ouea 3A% 37 (Shannon 12% 12%
Arcadian* 2% 2WSanta Fe 2% 2%
Arir Com ... 3% 3%:i*nlted Shoe.. 48 4SV4
A P 3% 4 ' Do pfd 27% 28
Do pf.i ... 20% 22 'Super A Bost.l 316 1%
Balaklala ... 3% 3%S""*r Copper. 30% 9A%
Cal A Ariz.. 67% 68 T__iar*C_ .... 34 35
Cal A Hecla.s2s 539 'Trinity 4% 4%
Centennial .. 16% 17 HI 8 Mining.. 41 41 %
Copiier Range 50 DOV.j; Do pfd 4«% 4»%
Daly West... 3% 3% Ctah Apex .. 2 2%
East Butte... 14 14%Ttah Can ... X'% |fr%
Franklin 8 B%;Vlctoria 115-16 2
Granby 60% Al (Wolverine ... 67 68
Hancock 22 23 I Wyandotte .. 1 IV.
Helvetia 80 95 'Winona 3% 4
Isle Royale.. 30 30%'Greene Can... RU S*v;
Indiana 14% 14%'Giroux 3% 3%
Kerr Lake .. 2', 2% Ray Con 19% 20
Keweenaw .. \% 2 (Algomah 2% —
Copper. 24% 25 (Bos & Maine. 95 96
La Salle 4% 5 Bos A A1bany.212V.214
Mass Con ... 4% 5 'Ros Elev 118 119
Mich Mm .. 1% 2 rnltccl Fruit.. 178 179
Mohawk 57 58 (Swift 104 104%
North Butte. 31% 32% Old Colony ..8 8%
Nev Oon ... 19i, 19% Mayflower ... 15 15%
North Lake.. 2% 3 (Zinc 27% 27%
Old Dominion 52 52% Butte A Super 30% 36%
Osceola 101 103 11 C 54 55
OJlbway 2% _%i Do pfd 86 88
Boston Curb Stocks
The following list la furnished by E. F. Hut
ton A Co.. 490 California street. Saa Fr-nelsco:
Bid. A**k! Bid. Ask.
Bohemia 2 2% 'Majestic 40 43
Boston Ely .. 1% IViJMason Val .. 10% —
Calaveras ... 2% 2% Nev Douglas.. 3% 3%
Ckcois 7 8 Ohio 13-16 1%
Chief Con . ..1 11-16 1 %'Oneco 1% 1%
Corbin 12 15 [Shattuck Ariz. 25% 28%
Chlno 41% 41% Sup A Globe. 5 10
Davis Daly.. 1 11-16 1% South Lake... 6 6%
Eagle A 88.l 3 16 1 51A!tnited Verde. 60 65
Ely Witch... 4 8 INewhouse ... 4 4%
Inspiration .. 17% 18%' New Baltic... 1% 1%
Keystone ...I 1% 2%(Mti 75 90
London Closing Stocks
Cons for money.. 74%'Loulsv A Na«h... .145%
Do for acct..74 5-16; M, X A Texas 27%
Amal Copper 76%'N X Central 112
Anaconda 7%' Norfolk A We5t...115%
Atchison 109% I Do pfd 91
Do pfd ~ lev; Ontario A West... 33
Bait A Ohio 107%!Pennsylvan!a 62
Canadian Pac . . .2A6U !Rnnd Mines 6%
Ches A Ohio «o%|Readlng 84%
Chi Great West.. 17 IS.*) Railway 2***%
Chi. Mil A St P..113%! Do pfd 82
De Beers 20 [So Pacific 112%
Den A Rio Grande 20%(rnion Pacific 162%
Do pfd 39% Do pfd 94
Erie 32%' C S SteeL 6SV4
Do Ist pfd 50 ! Do pfd 112
Do 2d pfd 41 [Wabash 4%
Grand Trunk 28% Do pfd 13%
111 Central 129%!
Bar silver—Steady; 29 9-16 d per ounce.
Money—3%ff£4 per cent.
Jhe rate of discount In the open market for
short bills Ig 4 15-lAi3is per cent and for three
months' bills 4% 15-16 per cent.
Imports and Evporis
NEW YORK. Dec. 13. — Imports of merchandise
and dry goods at the port of New York for the
week ending December 7 were valued at $20,171.
--371. Imports of specie at this port for the week
ended today werp $289.695 silver and $881,402
gold: exports. $1,196,878 silver and $24,789 gold.
Influence of higher cables, some rehashed war
news and a much better undertone to the cash
market. May reached 90%'<J00%0. with a little
better trade over 90e than wo have hen ex
periencing. Shorts bonght rather nervously. We
favor -purchase of May wheat ou the slight
breaks."
Weekly Trade Review
NEW YORK. Dec. 13.-R. G. Dun A Co.'s
weekly review of trade tomorrow will say:
What appears to be the largest holiday retail
trade ever known Is In progress, this being a
very practical test of the buying power of the
people as a result of agricultural and Industrial
prosperity, with labor everywhere fully employed.
Indeed, the only limit to production in many
lines is the limit fixed by the scarcity of labor.
Brown and bleached domestics are well under
order, and tickings denims, cheviots and similar
goods are in a satisfactory position, while ducks
are sold ahead as far as agents will go. The knit
goods trade Is sctlve, and liberal fall orders for
ho-lery and underwear arc being placed at ad
vanced prices. Woolens and worsteds are season
ably quiet, but mills are busy on old orders.
Men's wear factories have booked a substantial
business on staples and sent Ist a pies, and the ile
um nd for dress fabrics is fair, with notable
steadiness In the reordering of plain serges and
white navy blue fo.r spring. Tht outlook for a
continued demand for silks Is good. Activity
continues tn footwear and most manufacturers
are well employed. Numerous supplementary
orders, stipulating the earliest possible delivery,
are being placed, and business in spring lines Is
coming In for much trading. Slackness In leather
still prevails. The reaction In hide's was not con
fined to any particular one. but embraced all
kinds of hides and skins in every market iv the
world.
Bradstreet's tomorrow will say: Despite cro«»
currents In trade, reflecting tbe advance of the
year towsr.l its close, business as a whole is
active Hiid industry is so in a high degree. In
purely wholesale lines there is less doing as the
time for stock taking approaches, but while there
is some talk of tariff unsettlement the situation
in most lines Is one of light stock and Insistent
demand. The jobbing trade reflects more and
more the influence of holiday demand and orders
from salesmen are smaller, while mail business
is larger, especially In reorders to fill broken
stocks. In the west and northwest retail trade
In seasonable goods has been stimulated by the
colder weather, as well as the near approach of
the holidays. In the southwest trade Is good,
especially so In Texas, and yet In that state
there is some talk of expectations having been
keyed too hlghlv. In Industrial lines there is no
apparent letup In the genera! activity heretofore
noted. Coal, coke, lnmber and cotton goods con
cerns are full of business, and the chief com
plaint is lack of help and car congestion.
Business failures In the I'nited States for the
week ending December 12 were 279. against 285
last week, 309 in the like week of 1911 and 290
--fn 1910. Business failures in Canada for the
week number 34, against 23 last week and 29 In
the same week last year.
Wheat (including flour) exports from the Cnited
States and Canada for the week ending December
12 aggregated 3.632,663 bushels, against 6.-23.0*38
last week and 3.157,733 thl. week last rear.
Corn exports for the week are 230,fifr bushels,
against 64.151 last week and 390.657 In 1911.
rendition of the Treasury
WASHINGTON. Dec. 13.— The e_wdition of the
I'nited States treasury at the beginning of bus!
ness today was: Working balance. $92.3*0.231;
I SAN FRANCISCO STOCK AND BONDiEXCHANGE !
__________
'
Trading was fairly heavy on the San Francisco Stock .nd Bond exchange j
yesterday with bonds in greater dtmard than the stocks. Spring Valley gen
eral mortgage 4s led the list, being firm at. $93. The sales of these bonds
amounted to $33,000 out of a total on all bonds for <_he day amounting to
$76,000. -"
Pacific Telephone and Telegraph 5s were unchanged at $99.25 yesterday,
the transactions amounting to $12,000.
The stock trading yesterday amounted to 720 shares with Northern Cali
fornia Power company the most active, 165 shares selling during the forenoon
and 125 during the afternoon.
Sugar stocks were a bit off. Twenty-five shares of Hawaiian Sugar sold
at $33.50. 45 shares of Hutchinson at $15.75, 25 shares of Paauhau at $17.75
and 20 shares of Onomea at $29.25.
In the unlisted department bonds were in fair demand with $25,000 Alaska
Packers' association 5s at $105. $32,000 General Petroleum 6s at $67.75. $2,000
Western Pacific 5s at $*8_.75 and $4,000 at $53.G2%. Of Pacific Gas and Electric
common 160 shares sold at $64.25. A block of 50 shares of People's Water
common sold at $3.87 V..
Listed seccrities
sales december 13, 1912
Morning Session Street —
Board— 25 Alaska Packers' Assn 89.50
10 Amalgamated Oil Co W> PC 50 Spring Valley Water Co _,--2'S
5 Anglo & u.ndon P Nat _W....136.50 ,£«» j; \r«<* " u *™ mt *' *■"*£&
10 Associated (HI Co 41.75 $11,000 Pacific Tel A Tel _s 89. -o
tO Associated Oil Co 42.00 Afternoon Session
25 Hawaiian Sugar Co 33.50 Roard —
45 Hutchinson Sugar Plantation... 15.75 A 5 Associated Oil Co 41.w»A_
130 Northern Ca] Power Co Con .".3.00 100 Associated Oil Co, % 90 41.87%
10 Northern Cal Power Co Con 38.87% 3 Associated Oil Co 42.00
25 Northern Ca] Power Co Con' 38.75 125 Northern Cal Power Cr. C0i.... 38.75
20 Onomea Sugar Co 29.25 Sl.ooo los Angeles Gas A Ele~ 5a 100.00
25 Paauhau S P Co 17.75 S4.o<iO Nstomas Con of Cal 6a 94.25
10 Pacific Tel & Tel ipfdi 99.50 .v..0r0 people's Water Co 3- 51.75
25 Spring* Valley Water Co a*..75 M.OOO Spring V Wat Ren mtfie 4s. b 3. 93.00
$1,000 Edison Light A Power As 10ft.T3 $:;n.OOO Spring V Wat gen 4s 93.00
$1,000 Natomas Con of Cal 6s. 94.25 $10.0*00 Great WStern Power 5s 87.00
$2,000 Pacific Electric Ry 5s • 103.75 Street—
* 1.000 Pacific Tel „ Tel 5s 99.25
$6,000 Sacramento El. Gas A Ry 55.. 103.25
CLOSING QUOTATIONS
BONDS I Bid. A«k.' Bid. Ask.
C S. Bonds— Bid. Ask. Oakland Transit Co 6s. 10<*% — (Cal Wine Assn pfd.. — —
4s quar coup inewi. 113 V. — I Do 5s — 103"*.' Do common 40% —
3s quarterly coupon.. — — ! Do Con 5s — IC2%'E Idn Pont de N pfd. — —
Miscellaneous Bonds — lOakland Trac Coi ss. 9T% — I Do common — —
Alameda Arteg w sa. — 98 jOakland Trac Co ss. 91% — iFlreman's Fund Ins. ..234 —
Associated Oil Co ss. — 100% Oakland Water gtd 5s 95 .— (First Nat Ba-fc of S F.232%234%
Bay Counties Pow ss. 100% — 'Omnibus Cable By 05.102% —- German Say A Loan. 3100 —
Cal cent Gas AEI sa. — 103 (Oro Electric Corp As. 98*4 — IGlant Powder Con 106 —
Cal El gen ss, Mr A. - — 'Pacific Gas Imp 45.. 89% — 'Hawaiian Coml & Sug. 32% —
Cal GAEI gm _ ct-a.100% — (Pacific Gas & Elec ss. — — Hawaiian Sugar C 0... 33 —
Do unifying 5* 95% 85%' Pacific Electric Rv 55.103% — lllonokaa Sugar Co 7V. 9%
California St Cable ss. 101 — (Pacific Ugbt & P ss. — 97 'M-tniWdt Savings Bk. — 135
California Wine 55.. 96% — | Do guaranteed 55.. — 100 !Hutchl"_"o n Sor Plant. 15% 16%
Cent Cal Traction sb. — 95 [Pacific Te] A Te! ss. 99% — 'Kllm-ea Siiirar Plant. 12 —
City Electric Co 55.. — 87 (Park A Cliff H RvAs.lOO — IMarln Count y Water.. 51 54%
Coast Counties I_rP 5s 94% — (Park & Ocean R R." A«. 100 — Mercantile Nat 8ank.205 —
Contra Cosf-i Wat ss. — 100 People's Water Co ss. 81% — 'Mill Val A MtTniSß.v — —
Do gen mtge 5s 94% — Sac EI. Gas ARv ss. — 103V.'Mutuol Savings Bank. 75 80
Edison I*l of I, a ss. 101 101%' Sac A Woodland Rss 95% — North Alaska Salmon. — 120
Edison Light A P 6_.106% — [S Joaquin Lt A P ss. 98% — N Cal Power Co Con. 38% 40 1
E 1 dul'ont Pwdr 4%s — 93% Do Cor 6s, ser A. — 101% Onomea Sugar Co 29% —
First Federal Trst sa. 109% — S F Electric Rv ss. . — 90 (Oro Electric Corp pfd. 73% —
Ferries A Cliff 11 Rfis.lOO — SF.Napn A Calls R fi5.102% — j Do common 15% 16%
Great Western Pow 5s 87 -— IS F. Oak AS J R.vss. — 10*'%'Oro Water. Light A P.IOO — .
Haw Coml 4 Sug ss; — 103 I Do 2d mtge 5s — — (Paauhau Sugar Plant. 17% 18*U,
Honolulii RTA I. A 5.1051. — I Do Con Rv 5* — 92%Pac Aux Fire Alarm. — 4%
Lake Tahoe It & T ss. —" 97 SJ A S Clara R 4%5. 84 — |Pac Coast Borax pfd.loo%lol
Long Beach C Gas Os.lOO — Santa RarbaraGAElAs.lol% — Do common 79 —
Los Angeles F.lec ss. - lot ISlerra Rv of Cal 65.. — -- (Pacific Coast Casualty. — !•>.>
Los Ang Gas &El ss. 99% - 'SPRR of C 1c g ss. — 112%'Paelfle lYude Oil Co.. — 50e
Do Corp 5s — 98*.. SPRranch Rof Cal As. 125% — (Pacific Ught Corp pfd— 81
Los Angeles Rv 55.. — P7 iS P R R Ist ref 4s. — 93% ! Do common 105 —
Do Corp 55..' 97% — !S Val Wat gen m4s 92% 93 'Pacific Tel * Tel pfd. 99 —
Los Aig Light gtd sa. 100 — United Gas & Flee ss. 90% — I Do common — —
L A-Pac R R Icm 55.103% — ' United RRof S F 4s. 67% AS% People's Water Co pfd 59 —
L A Pac RR of Cal 5s — 100 |\'al Counties Pow 55.100%101 (Philippine TeIAT Corp 25% 27
Marin Wat ft Pow ss. 99% — | STOCKS 'Realty Syndicate 133% —
Market St Cable 65.. 100 — I.Xlaska Packers' Assn. 80% 90 'Savings T'n Bk & Tr.247% —
Do Ist con mtge ss. — 93%' Amalgamated Oil Co. — 82 'Security Savings 8ank.349 400
Mid Counties G&EI As 99% —', American Nat Baqk. .131%130 S F-Onk Ter Rvs.A pfd 75 .9
Mill Val & MtTniß-.5.100 — 'AngloCal Trust C 0...125 — 'Spring Val Water Co. 63% 64%
Natomas Con of Cal 0« 94% — 'Anglo _ Lnn P Bank.lso — (Sterling Oil & Dev.. — 1%
Nor Ry Co of Cal ss. — 112%'Arrashv Co of NY pfd. 100 — M'nlon Oil Co of (al.. — —
Nor Cal Rv 5s 107 108% Associated Oil Co 41% 42 U'nloi Provident Co.. — —
Nor Ca] Pow Co 55.101 — ißank of Cal. N A... — _03%Tnlted Petroleum Co.. — —
Do Con 5« — 90 California St R R 124% — Inion Sugar Co — 32
Nor Electric Co 55.. 95 96 ICal Flfnlt Canners — 118 Union Trust Co 2500 —
Oakland Gaa. I_fcH 55.100 101%'Cal Ins Co (par $401. — 75 ! West Coaat Oil pfd.. — —
riM-ISTED SKCIRITIES
SALES DECEMBER 13. 1912
160 Pacific Gas & El»etric ic-iim... 84.25 $4,000 Western Pacific Ry 5* 83.62%
.vi People's Water (common) 3.87 V, $25,000 Alaska Packers As MJ-'U?
IO Sperrv Flour (common) 28.00 $32,000 General Petroleum 6s 67.75
$2.0d0 Western Pacific Ry 5s K3.75
The following are the latest quotations for unlisted securities on the San
Francisco Stock and Bond exchange:
BONDS I Bid. Ask.] Bid. Aak.(
Bid. Aak.iSonth Pacific Oast 4s 93 — iOahn Sugar • 24% —
Alaska Packers As... 105 — Sunset Telephone 55.. — 105 • Do Railway 135 140
Amer River Elec ss. 97% — (Sutter St-Ry 6s — 98 Oakland Bank of Say. — 225
Associate,- Oil Ist ref — 92%!Sperrv Flour 6s 99% — (Oakland Traction pfd. — 77%
Bhv Counties Pow fis.lOt — (Truckee Lumber As.. — 97%! Do common 30 40
Blue Lake Water 65.102% ~ United Light & P As. — 90 Ocean Shore Ry 15 19%
o*l Northwestern s*. .103% — (United Properties ss. 50 A 5 'Oak. Antioch & E 10% —
Coast Va! G&EI Ist!**. 109 101 I Do debenture As 10 15 'Oak A Antioch Ry — 24
Gen Petroleum 6s 67% — 'West Mtg 4 Guaranty — 108 'Oro Development Co.. 43 —
Honolulu Plant 05... 101 %101%' Western Pac'flc Ry 5a 83% — 'Orpheum stock 1»% 2*.
Hunt Land & Imp A*. — 101 I Yosemite Valley R sa. — 87 lOwl Drug common 96 —
Monterey 4 P Grv As. — 94 ! STOCKS """c Coast Borax (old i.205% —■
Mutual Electric 5a... 97 — I Alameda Sagar — 21% Pacific Hard & S pfd. — 95
Miller & lAtx 5-s 99% — I August Oil — 30-1 Do common Ii —
Mt Whitney Pow As. —" 101%' Bank of San Jose — 170 'Pacific Port Cement.. - <•>
Natomas Dcv As 100 — Buffalo Brewing Co.. — 110 Gas _ Elec pfd 90 —
Do Land & Mm Aa. 9»% — iCal Cotton Mills A 6 70 Do common A 4% --
Do 2d mtge As 65 AB%',Cal State Life Ins... 19% -- 'Palace Hotel stock — SO
Nor Cal Pow deb 6s. — 95 (Cal Pacific Title pfd. — 100 'People's Water com... 3% 3%
Nor West Elec <s_bsi.los 115 (Cal Electric gen pfd. 78% — 'Pet & Santa Rosa Ry. 20% —
Oceanic Steamship ss. — 100 Central Cal Traction. 10 — [Portuguese-Amer Bank — 61
Oak „ Antioch Rv ss. 83 85 (Central NB of Oak. 155 — IPonlsen Wireless 39% 39%
Oro Water. LAP As.loo%lo3%'Central Trust 11A — [Riverside Cement 50 —
Oakland Gas, L&H As.lll — iCypress Lawn 2% — <*chiiiidt Lltho Co 15 —-
Orpheum 6a — 102% French-American Bnk. 95 100 iSacramento Hotel — io
Pacific Port C*ement6s. 100 — iGeneral Petroleum ... — 38% Standard Cement — 22%
Palace Hotel 6s — 104 Hawaiian Pineapple.. 43 — 'San Francisco Secnr. . 49% —
Pet _ Santa Rosa ss. 93% 95 Honolulu Plantation.. 31 — 'San Joaquin Light &P 16 20
Do As 90 95 I Honolulu Oil — 1.30 Santa Cruz Cement 30 35
Philippine Tel 55..'.. 83 83% Dalian-American Bnk. -- — 'Sperry Flour 28 29
Do 6s — 100 (Kern Land Co ISO — ( Do preferred — 101
Riverside Cement 65.. 76 SO Key Route pfd 84% -— JCnion Ice Co 55 —
R_n Diego Gas A E "is — 95% Do common — 22 I Vulcan Fire Insurance. 13% —
S V & S Joaquin Vss. — 110% Mascot Copper 2% 2%' Weed Lumber Co 11l 115%
SF & Nor Pacific ss. — 103 U,' Mcßride Sugar 9 — i Western Pacific Ry.. .8% —
Sierra &S F Pow ss. — 97% 'Metropolis Trust 70 — !Wells Fargo Bank 175 185
Standard Cement 6s. 92 — JMatsno Navigation ...120 — jWest Coast Life Ins.. — 284%
Standard Electric ss. 92 — Mechanics' Savings... 75 — iWest Sacto Land Co. 57% —
S F Gas & Elec 4%5. — 94 [Merchants' Nat Bank. 55 — (Western Amer Bank.. 12 13%
Do non callable 92 92%' Noble Electric 15 18 'West Metropolis Bank. —• 87%
Santa Cm. Cement As 87% — (Nat Ice A C Storage. — 70 Western Meat Co — 10A%
"""outh Cal Cement bds 7« SO 'Natomas Consolidated — 13 'Western States Life.. 11% 12
South Cal Edison ss. 97 100 (Nor West Electric... 30 — IWestern Power pfd.. 56 58
South Yubn Water 6s. 105 107% Northern Electric ... 30 50 | Do common 26 30
In banks and Philippine treasury. $30,229,629;
total of general fund $143,393,291: receipts v*es
terdav. $2,480,746: disbursements, $2,418,625:
deficit to date this fiscal year. $3,829,831. as
against a deficit of $21,884,328 last year. The
figures for receipts, disbursements and deficit ex
clude Panama caual and public debt transactions.
New York Meaey Market
NEW YORK. Dec. 13.—Money on call steady
at 4<@4% per cent: ruling rate, 4% per cent:
closing bid. 4 per cent: offered at 4% per cent.
Time loans easier: 60 and 90 days, 6 per cent;
six months, 5% per cent.
Prime mercantile paper. A per cent.
Sterling exchange steady, with actual business
in bankers' hills at $4.8080 for 00 day bills and
at 84-8310 for demand.
Commercial bills, $4.80%.
Bar silver. 64c.
Mexican dollars. 49% c.
Government bonds steady; railroad bonds ir
regular.
Bank Clearing:*
NEW YORK. Dec. 13. -Bradstreet's bank clear
ings report for the week ending December 12
shows an aggregate of -3.A87.614.000 as against
14.003.971.000 last week and $3.224.007,000 In
the corresponding week last year. Tbe following
is a list of the cities:
/—Percent —,
Citlea— Amormt lie. Dec.
New York $2,197,592,000 19.2
Chicago , 314.367.000 OS
Boston 103.901.000 1.9
Philadelphia 1C5.759.000 13.8 ....
St. I.ouis 83.124.000 .1
Kansas City 58.296.000 A.9
San Francisco 50.036.n00 A.3
Pittsburg 52.822.000 11.8
Baltimore 44.902.000 20.3
i Cincinnati 27.862.000 .6
I Minneapolis 32.919.000 21.7
New Orleans 24.143.000 3.9
Cleveland 25.1A7.000 25.4
Detroit 23.467.000 11.2
Los Angeles 27.415.000 32.4
Omaha 17.375,000 12.7
Milwaukee 14.313.000 5.2
I-outsville 16.029.000 9.4
Atlanta 17.637,000 .... 2.5
Portland. Ore 12.874.000 10.9
Seattle 12.473.000 4.9
St. Paul 10.900.000 7.8
I Buffalo 12.396.000 16.2
(Denver 10.36fi.fi00 10.8
Indianapolis 10.121.000 11.4
Providence 9.810.000 17.2
Richmond 8.876.000 2.8
Washington, D. C. 8.294.000 .7
Memphis 11.922.000 .7
St. Joseph 8.819.000 14.5
l Salt Lake City 7.750.000 18.7 '
j Fort Worth 9.645,000 lfi.fi
Albany fi.507.00» 5.6
'Columbus . 6.427.000 11.7
Savannah 7.414.000 1.9
Toledo 5.341.000 20.8
Nashville 8.45R.000 47.1
Spokane. Wash. .. 4.982.000 9.1
Tacoma 4..598.000 1.0
Rochester 5.514.000 19.4
Duluth 7 240.000 83.9
Oakland. Cal 3.849.009 10.7
San Diego, Cal 2.967.000
Sacramento. Cal... 2.902.000 19,4
Stockton, Cal 1.134.000 18.6
"Loans, f-xehang-e and Silver
Local exchange on I.ondon had another small
advance yesterday, while domestic and Hongkong
raf n s were unchanged.
The Japanese steamer Tenyo Mam. ont for the
orient yesterday, took $172,800 In silver bullion
for Hongkong.
Commercial paper s%(ffA per cent
Loans on real estate 5%@6% per cent
Sterling exchange. AO days —*)4.81
Sterling exchange, demand —«34.8.*.ii
Sterling exchange, cables —*5?4.8fi%
New York exchange, sight —1® .02%
New York exchange, telegraphic —ft .60
Hongkong exchange, sight. — ff| .50%
Hongkong exchange, telegraphic —0* .50%
New York silver, per ounce.... —if? .64
London silver, per ounce — 'A 29 9-lfid
CONTINENTAL
New York on Paris 5.20
New York on Mexico.... 2.01%
Berlin oa London 20.45
Paris on London 25.21
+
I Mining Stocks !
♦, i—1 _— a.
The market for Nevada mining securities was
a compnrat'vely qnlet affair yesterday, the vol
ume of business handled at the opening and sub
sequent sessions being much smaller than on the
preceding day. Although there was less liquida
tion In the Tonopahs. there were few firm spots
In that part of the list, and with few exceptions
the day's trading was nt the expense of prices.
West End and Belmont were exceptions to the
general order of things, both showing steadiness,
though trades were small all day. The advance
in the former was resumed at the point where
it stopped on Thursday, and the execution of
scattered buying orders carried the price up from
$1.05 to $1.12%. Belmont had two small sales
at $8. closing unchanged on the day, and Mon
tana was slightly higher. Tonopah Extension
was one big stock of the group that continued
to weaken, the price closing 10 points under the
low level reached on the preceding day. Tonopah
Merger was easier, though not much lower, with
75c the ruling price for the day. North Star
was the most active stock on the whole list
and it ruled weak, with heavy transactions re
••orded at 15c after opening with small sales
at slightly higher prices.
Goldfieid consolidated was traded In cm the
New York exchange to the extent of 1.900 shares
at $1.73. and It sold from $1.80 up at this end
of th" line, leaving a fair margaln for arbitrage
operations. The price fluctuated between $1.80
and $1.87% on the local exchange, finally closing
firm at the outside figure. The rally In this
stock was generally attributed in Bush street
tn the announcement that disbursements would
be made to stock holders when net earnings
accumulated in sufficient amounts to Justify the
payment of dividends. Merger Mines was quiet
Hut steady at 27c and Florence had sales at .55c.
\Manta ruled steady all day at 10, Nevada
Hills had a steady tone, selling in fair slxed
hlo-ksi at $1.35«n*i.40.
The north end Comstocks continued weak, with
ill of the active issnes except Ophir snstalnlng
-mall losses. Onhir was unchanged and" Mexican
was steady at $1.00 bid. with no stock offering.
SAN FRANCISCO STOCK EXCHANGE
Following were the sales on the San Francisco
Stock exchange yesterday:
Regular Mornm- Session
100 Caledonia 90' ,'JOO Kentuck Con.. 02
400 Con Va M 30! 900 Sierra Nev ... 29
100 Crown Point.. SOI 100 Inion Con ... 19
1000 Gld Merger M. 27! 100 West End 1.05
1000 Jumbo Ex ... 26:
Aftern-*--*" «i««--in
-1000 Andes 05'3("'CO Mm Pitts Et 17
1500 Atlanta 16(3000 Midway ... 28
200 Belmont B.oo| 300 Montana 1.55
1000 Boston Ton .. 02 400 Nev Hills 1 40
100 Cent Eureka.. 28 000 Nev Dills .-..1.85
1000 Con Imperial.. 02' 400 North Star .. 17
100 Con Va M 29*1000 North St..r 10
1000 Dmd B Butte, ofi 11.250 North Star. . 1"4
500 Gld Con M. ..1 .SO! 800 Sierra Nev ... ?S
300 Gld Con M.1.87' ■■•' 400 Ton Exten . 225
100 Old Con M ...1.851 000 T n Merger ... 75
SOO Gould A Cur. 01' 400 Cnion Con 19 |
1500 Jim Butler .. 54' 100 West End 1.05
2000 Lone Star Con 04] tOO West End . .1.07%
509 Man Con . .. 06 000 West End 1.10
2009 Moo Pitts Ex. lfi
Informal Session
5500 Atlanta lA.OOO Mon Pitts Kx. 18 |
1000 Blue Bull ... OAIOOO North Star ... lfi
1000 Boston Ton .. 02,2500 North Star ._. 15
200 Cent Enreka. . 29 POO Ophir 28
200 Con Va M 29' 100 Sierra Nev ... 29
3000 Dmd B Butte. Ofi 100 Ton Exten 2.20
200 Florence 55 1000 Ton Merger ... 74 I
Chicago Grain and Provision Futurea
(Furnished by E. F. Hutton tr Co.. 400 California street!
CHICAGO, Dec. I.l.—The leading futures ranged a«i follows:
Wheat— Open High lyiw Close Pec 1" Y<»«r Ceo
Hecpmber $0.84i_ $o.B*">,i $0.84% $0.1*4". $.. >l\*Z _n <m.'
May W>T4 00. «"•• BO ftn_ 07*
July 87 87t. 86U si ■> £»t_
Corn — 8
December 47*4 ***■"* 47*, 47% «T_ ««>.
M -V '•■• 4Sl "** I""**- 4 *% 4SN, 48* ana!
Jul? ,■• 49% 49*, . 49 4»i, 4'.)i, ££
January 18.«0 18.621", MLM 18..V. l_f.st« is KM
M«X ••• 18.57% 15.42»_ HPW 18.40 1R..10 1597i_
January 10I7ij 10.20 10.15 10.mi in in:, « (•>"••
100 ° ,005 1,)0 ° 10024 **»
-January ».»7i. 10.00 0.05 »r»7i., n -)■*< a 1-1
M «T • 8.80 0.81 9 SO 0.82*. b'3 b ',-
July n.821. .:.. «;.*;, -
SUMMARY OF
THE MARKETS
Leading; Wall Hire*, stocka Im
prove after early break.
Early raid on two big rails proves
successful.
Slightly better feeling In Boston
cop pern.
Trader* take more bullish *rlew
of cotton report.
Coffee future* easy on moderate
felling. ___.
Wheat continue* strong In 4 ni
cagu pit.
Less activity In mining snares
market. ~
Tenyo Maru lakes $172,800 In sli
ver to China.
Local wheat market reflects .rm
nenis up north.
Spot barley easy at recent decline.
Threatening weather weakens
May barley.
Kr-t* turn weak on Increased re
ceipts.
Fresh creamery butter steady ana
unchanged.
Little change In potatoes or vege
tables.
.\o new developments in fruit
market.
Speculator* pay low prices for
turkey*.
Better outlook lv live poultry
market.
Wool clip cloned out of first
hands.
100 Gld Con M.1.57% tooo Ton Merger ... 73
SOB Do s B©. ..1.90 2<iO I'nloii Con .... 20
100 Man ' Big Four 55 900 We»l K__ --1 • l- : _
CLOSING QfOTATIONS
CALIFORNIA
Bid.Ask.i Bld.Ask.
Rrinswlck Con 30 — Keane Wonder. — '-•>
Ceut Eureka.. 28 -OlSo Eureka M.2.00 2.50
NEVADA
Comstocks
Bid.Ask.' Bld.A-k.
Alpha 02 04(Julia Con
Alta — 95 Justice 02 <*
Andes 04 OVKentuck Con.. 01 03
Belcher 2(1 —(Mexican 1.60 1.05
Rest A Belch. 09 OA'Occldcntnl TO
Bruns Chollar. 10 —Ophir 28 IB
Bruns Potosl.. 10 --iOverman — 44
Bullion — 08 Potosl OS 04
Caledonia .... — 85 Savage 07 08
< hallengo 06 n7Seg Belcher .. 08 1«*
1 Chollar — 03' Scorpion .' 00 10
Confidence ... 2A ."..'* Sierra Nev ... 2K ■''"
Con Va M 30 32 Silver Hill ... 05 10
Con Imperial.. 01 02 St Louis -
Crown Point.. — 35' Union Con 19 2o
Exchequer ... — o.TCtaii 03 05
Gould A Cur. 01 02 West Con Va. — -0
Hale A Norc. 08 10' Yellow Jacket. — ""»
Tonopah District
Belmont 7.95 S.OOMon Pitts Ex. 18 20
Boston Ton .. 02 03: North star ... 15 lfl
C.ish Roy 05 OA'Rescue F.ula .. 10 It
East End — 05. Ton Kvten . . 2.29 2.2*">
Ort West Con — OVTon Ovp«y Qn. 04 (EI
Halifax 1.00 l._onon Merger ... 74 75
Jim Rutler .. 54 55 Ton of Nev.. —6.12
MncNamara .. 17 ISTon 70 Con... — 17
Midway 28 31 Tmatilla 01 02
Mizpah Ex .. — 50 West End 1.12 1.15
Montana 1.50 I.OOj
Goldflei.i District
Adams — OllGld Po.-tland.. — 01
Atlanta 15 16 Gld Kewanaa.. f* (•'.
Blue Bell ... 01 02lGld Mercer M. 28
Blue Bull .. . 05 07Grandma 02
Booth 04 OA'Great Hend ..01 —
COD 07 OOlGrt Bend Anx. — Oi
Columbia Mt.. 02 03|Grt Bend Ex. — 07
Com Fraction. 08 00' Jumbo Ex 2"> 29
Conqueror Con — OiT/ine Star Con. It! 0+
fTracker Jack. — OllOro 03 01
Dal _ Bntte Red Hills 01 02
(reorganized I 05 06 Red Top Ex.. — 01
Dmdfld Daisy. 03 04' Sandstorm Ken — til
Florence 54 56'SiIver Pick Con 00 —
Frances Mhk.. 01 —'Spearluad Gold 08 04
('old Bar Gld. 05 —St Ives 30 —
Gld Bnlldo*... 02 03' Vernal 08 10
Gld Con M...1.87 1.90 Yellow Tiger.. — 02
Bullfrog District
Bonnie Clare.. 01 -Tramp Con .. — 02
Mayflower Con 01 02(
Manhattan District
Dexter T'nlon. Ol 02'Mln Hill Con.. — ot
Gold Wedjre... 09 10' Morning Glory. 02 0|
Man Big Four 52 —'Mustang Man.. 02 <'•':
Man Amalgam 04 —'Mustang Ex .. 01 ('2
Man Con 08 09 Stray Dog ... - rr*
Man Dexter .. 02 OS Thanksgiving.. i 3
Man W Caps. 07 08;
Other Districts
Atlas Wonder. 10 —Nev Hills 1.32 —
Bnckhorn Mm. 70 —'puts S Peak.. 63 OS
Eagle's Nest.. 02 03 Raw Coalition. 01
Fairvw G Rid 02 03' Round Mt M ..7
Fairvw Hailst. 02 03 Tecopa Con .. 10 15
Oil Stocks
SAN* FRANCISCO STOCK EXCHAXGE
Bid. Ask.' Bid. Ask.
Asso Oil ..41.50 —Talmer 19 20
Cariboo 95 —'Republic ... 21
Claremont.. 55 60 Silver Tip... 46 —
Coal Central 20 —SWAB... 18 —
De Luxe ... AO —jTurner 83 —
Empire 45 —'rnlted 0i1... 36 —
Maricopa 36. 30 34 W Coast pfd.95.00 —
Monte Cristo 80 - W X Oil Co. 1.85 —
New Pa Pet — 53
SALES
11:15 a. m.—
100 Monte Cristo 87
100 New Pennsylvania 51
Informal—
JOOO Palmer, a 5 20
LOS ANGELES OIL. EXCHAXGE
Special Dispatch to The Call
LOS ANGELES. Dec. 13.— Toward the end of
the morning session at the Los Angeles stock
market National Pacific had a spurt of activity
and sold rapidly at a steady Orioe of 2c a share.
Thirty shares of Inion Oil were transferred at
90c and five shares at $89.75. There were no
sales of Provident. Cnlon showed a somewhat
stronger tone this morning.' Midway Northern
was weak, owing to reports that the new well
in field No. 3 has failed to produce as yet. The
call:
Producers— Bid. Asked.
Amalgamated Oil 79.50
American Crude Oil — 30.00
American Petroleum Co. pfd... 70.00 75.00
Americsn Petroleum Co. com.. 49.00 53.00
Associated Oil Co 41.25 41.87%
Bear Creek O. A M. Co 70.00
Brookshire OH — .fio
California Midway Oil Co 10 .15
Central — !.*»
Continental Oil — .25
Enos Oil Co 04 .07
Euclid Oil Co — .35
Fullerton. OH 2.55 4.25
Globe Oil Co — .0594
Jade Oil Co 0«% .08%
Mnrlcopa Northern 04%
Maricopa Queen — JIB
Mascot Oil — .75
Mexican Petroleum Ltd com... 76.00
Midway Northern 06 .'4
National Pacific 01% .02
Olinda Land Co. loin 3S .30
Pennsvlvanin Midway OH C 0... .01%
Traders' Oil Co 65.00 71 oo
Cnion 90.00 90.50
Inion Provident Co 101.02% 102.37%
I'nited Petroleum 101.50 105.0n
I'nited Oil Co 35 .nsi^
West Coa«t Oil pfd TO.OQ
Western I'nlo- AO.oo 100.00
White Star Oil Co 10.00
SALES
Morning Session
10.000 National Pacific : 02
2,000 Cnion Petroleum 57%
5 Inion Oil 80.75 "
3 Union Oil 10.-6
Afternoon Session
13.000 National Pacific o_
1,000 Palmer Oil 1.%
Offboard
5 I "nlon 90.00
Grain Market
VVhent and Other Grain*
Wheat—The condition of wheat in California on
December 1. according to the I'nited States de
partment of agriculture, was 91 per cent of n
normal, against 75 per cent on the oWresponditisr
date a year ago and an average of 92 per cent
for the last lo years. *
The local spot market had a strong tone yester
day. th" strength being due to reports that Japan
was buying heavily up north, which meant that
there would perhap* be !«*« corning here from
that quarter. Chicago was higher on the day.
CASH WHEAT
California white Australian, nominal: Califor
nia club. $1.47%_*_._. per ctl: northern club.
ftl.47Ufffl.so: Turkey red. Sl.ss4rt.fi7H; Ras-stan
red. ftt.4~-t--.4TK: forty-fold. $1.50(81.52%; blue
stem. $1.55<&1.57%.
FCTT'RES
No trading. December closed «t $1.4.'. bid.
f1.4714 asked, and May at |1.31 bid. $1..~7< .
askc.l.
Barley—The May option started out with a
nhow of firmness yesterday, and after a few
sales had been made at $_83 at the morning ses-

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