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The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, February 11, 1913, Image 14

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BUSINESS, COMMERCIAL AND FINANCIAL SECTION
14
FERRY FARE TOO
LOW FOR SAFETY,
IS CONTENTION
Creek Route Dangerous,
Says Southern Pacific to
Commission in State
Application
SIERRA RAILWAY IN
ANNUAL ELECTION
San Joaquin Light and Power
Shows Gain—Other News
of Business World
CLOVIS A. FARNSWORTH
Alleging" that the railroad commis
sion overlooked some of the main con
tentions, representatives of the South
ern Pacific yesterday filed an applica
tion for a rehe&ring" of its applica
tion t<"* Increase from 5 cents to io
cents the fare between San Francisco
and Broadway wharf. Oakland, by
what is known as the creek route.
The railroad company now urges
that the rate should he increased to
a parity with the pier rate for the
protection of passengers. Aa the creek
bouts carry many automobiles, which
edd to the dangers of the trip across
the bay, the company insists the pas
senger rate should be the same on both
lines so as- to discourage the passen
gers from endangering themselves with
a view to. saving 5 cents per trip. The
company's general contention is as
follows:
"The order entered by the commis
sion denying the Southern Pacific com
pany's application for permission to
increase the passenger fares charged
for transporting passengers between
San Francisco and BrVjadway wharf,
Oakland, will result in Inducing a large
number of persons to travel between
said points via its boats plying be
tween said points, and such increased
travel via said route will result in
a constant menace and danger to the
Ursa of passengers traveling rla said
rotfte. and your petitioner respect
fully represents that the only means of
preventing this great Clanger from aris
ing is by increasing its fare via said
route from 7, cents to 10 cents, there
by diverting passenger travel from
said harbor route to its pier route,
which is maintained primarily to ac
commodate strictly passenger travel."
a a* ■ a
MrHRA RAILWAY COMPANY
At the annual meeting of the Sierra
Railway company of California yes
terday the old board of directors was
elected with the exception that Lloyd
C. Rollins was elected to succeed H.
.T. Crocker, deceased. The directors
now are T. S. Bullock, president: W.
H. Crocker, vice president: S. 1".». Fresh
man, general manager, secretary and
treasurer; Charles P. Doe, Prince A.
Poniatowski, S. I >. "Woods arid Lloyd
C. Rollins. Other officers of the com
pany are C. N*. Jlamblin. auditor; E. J.
Bouchard, superintendent. While no
financial statement was made public, it
was understood that the company did
about as well as the preceding year,
when there was a deficit of $2,560.
* * *
SAN JOAQI'IV LHJHT AND POWER
The statistical letter of the San
Joaquin Light and Power corporation
for December and the 12 months ot
1912, just received by Louis Sloss &
Co.. shows a gain of *|-I*J.Ti2.4S in the
balance for December over Decemher.
1911, and of $166,593.21 for the year
1912 over the year 1911. While the
gross income for the year increased
at the rate of 29.09 per cent, the oper
ating expenses, maintenance and taxes
increased only 9.92 per cent, thus mak
ing a very healthy gain for the year.
Following is the comparative state
ment:
Month prilling Dec. 7,1 — 19n -]f»l2
Gross income f103.558.87 $131,884-33
Oi>. cxp., maint., taxes 54.660.19 57.245.91
Net income f48.890.78 J94.638.44
Int. chgs., sink. fund. 37.652.11 40.681.29
Balance Sll.-J14.07 $53,957.13
Twelve months ending Doc. 31—
Cross income f 1.074.795.7* $1,387,459.1:*
Op. cxp., maint., taxes 492.994.7S 541.927.50
Net income f581.800.56 $846,531.83
Int. cbgs., sink. fund. 353.181.frl 450.319.00
Balance $228,019.42 $395,212.63
* * *
PACIFIC GAS AND ELECTRIC
While the annual meeting of the
Pacific Gas and Electric company will
not be held until April and the report
for the fiscal year ended December 31,
3912, will not be issued until close to
the time of the meeting, advance in
formation from the company shows that
the year just ended was most prosper
ous, says the Wall Street Journal.
During the year rate reductions were
made in various localities served by the
company, aggregating more than $750,
--000 on the year's business. In addition
Increased taxes and other expenses of
this nature added at least $250,000 more
to this, making a total of $1,000,000
which the company was called upon to
pbsorb in the earnings for 1912 over
lill. Even with these the net earn
ings of the company will not fall more
than $70,000 below those for 1811, when
they were $6,390,000.
After all deductions for bond interest
?nd other charges provided
for, the company will show earnings
for 1912 close to $2.5u0,000 for the com
mon and preferred stocks. As the pre
ferred dividend requires $600,000, this
■will leave about $2,200,000 for the com
mon stock and to provide for adjust
ment charges and other deductions. As
the amount required for the 5 per cent
dividend on the common stock is about
$1,600,000. it will be seen that this was
earned in the year, with a good margin
to go on.
Interest charsres for the rear in
creased about $350,000 owing to bonds
issued for construction of the new Bear
river hydro-electric installation of mora
than 100.000 horsepower. This should
bo in operation before the end of Igij
and with its completion the eompani
will cease the purchase of more than
$700,000 of power, which it has been
buying from other companies, j n nr( ] rr
to be in position to meet the demands
upon Its transmission lines.
EGNDS UD PREFERREQ STOCKS
LOUIS SLOSS & CO.
Alaska Commercial Building
E. F. HUTTON & CO.
490 California St. Tel. Pooglas 2457
St. FraacU Hotel. Tel. Douglas 31)52
Members of New York Stock Exchange
Pioneer House
Private Wire to Chicago
and New York
J. C WILSON & CO.
MEMBERS
NEW YORK STOCK EXCHANGE
NEW YORK COTTON EXCHANGE
CHICAGO BOARD OF TRADE
THE STOCK AND BOND EXCHANGE
SAN FRANCISCO
MAIN OFFICE
Mills Building, San Fianclnco.
BRANCH OFFICES — l.ora \ngelrs
San Diego, Coronndo Reach, Portland.
Ore., Seattle, Wa*h., Vancouver, B. C.
Private Wire, Chicago, New York.
Market Undertone Weakens
Representative Issues Drop
NEW YORK, Feb. 10.—The undertone of the stock market weakened
today and a number of representative issues, such as the Harrimans,
Reading, St. Paul, Lehigh Valley anß Smelting, dropped back a point
or more.
Speculation was marked by the lassitude which has prevailed re
cently and at no time was the list subjected to severe pressure. The
day's movement consisted of a slow, dragging decline.
The market situation was somewhat less favorable. Outbreak of
the revolution in Mexico led to some selling by the trading element of
stocks of corporations operating in the southerly republic. National
Railways of Mexico, first preferred, broke over four points.
Another development which favored the bears was the tightening
of money rates. Call money climbed to 4 per cent, the highest rate
since the first week of the year. '
While there was no quotable change in time money rates, the tone
was appreciably firmer. Foreign exchange rates were easier. Such a
change in the money market was foreshadowed by the poor bank state
ment of Saturday, "which showed that the surplus reserve had been
virtually cut in two.
Tiic foreign financial situation and the probability of further exports
of gold arc also of direct influence on the money market here.
The steel corporation reported a decrease of nearly 105.000 tons in
unfilled orders at the end of January, the first shrinkage since last
Mar-h. As the orders on hand are sufficient, It is estimated, to keep
the mills busy for eight months, the decline was hardly considered of
serious moment.
• 'ontinued selling of Southern Pacific forced it still lower, the price
touching 103, the bottom figure since 1908. A few specialties showed
strength. Can rose over two points and Union Bag, preferred, 7 points.
Bond prices in the main were lower. Total sales, par value, $2,150,000.
Panama 3's declined a fourth on call.
NEW YORK, Feb. 10.— E. F. Hutton & Co.'s wire says:
"Dullness prevailed at the opening and the general impression was
that the market would continue quiet pending developments in the
Balkans and in Mexico, and in such matters at home as the making of
Wilson's cabinet slate and the formulation of plans for tariff revision.
American Can was strong, selling up to 42, compared with 39 3-4 at
Saturday's close. Southern Pacific met support at the opening level,
although there were rumors to the effect that the syndicate price was
much under that indicated in published statements, and that there would
be* sub-syndicates getting the stock at prices under that which the
original underwriters are said to have agreed to pay. During the after
noon session the market was practically at a standstill. The Steel
tonnage statement corresponded closely to expectations. For weeks
there has been talk of decrease of 100.000 tons in unfilled orders, and
actual loss was only 4,000 tons more than that. Union Bag and Paper
issues continued strong and the preferred sold at 38. a gain of seven
points. Western Union improved a little on a few transactions, with
the buying said to be of an investment character.
"A sharp rise in Can caught a few bear stop orders. Reid's story
of the so called manipulation of American Can attracted a good deal of
attention, particularly his assertion that he had not sold a share of
the stock. The Balkan situation and the new developments in Mexico
have tended to keep traders from making new commitments, and until
those factors are cleared up, we can not look for anything but a narrow
trading market."
EASTERN STOCK AND BOND QUOTATIONS
New York Bonds
♦ a-
V S ref 2< reg...101 [Japan 4%s 89% |
Do coupon 101 Kan City So ref 5s 98%
Do 3s reg 108%|L Shore deb 4s. 1931 92%
Do coupon 102% Ii & N unified 4s. 98%
Do 4- reg 113% M. X A Tex Ist 4< 9:'%
Do coupon ....113% Do gen 4%i 8->%
Panama 3a eo_pon.lo2% Mo Pacific 4s 70
Al-Chml 5c itfs $8 *Docv St 87
Amer Agrleul ss.lOt%|N R of Mcx 4%>s. 87
Amer TAT cv 45.106 'N V C ft 3%5. .80
Amer Tobacco 8a.121% Do deb 4s 90
Armour 4%a 91% NY.NH& P. cv *%■ 85%
Atchison gen 45.. 9S iNorft W Ist con 4< 98%
Do cv 4s. 1960. .101% Do cv 4* 107%
Do cv 5e 103%[Nor Pacific 4s 97%;
Atlan C L Ist 4s. 85% Do Is 08
Bait & Ohio 45.. 07% IO S Line rfdg 4s. 81%)
Do :;c.s 91%: Pa cv .".%s. 1915.. 97V*
Brooklyn Tr cv 4s 90 !Pa con 4s 103
Central of Ga 55.107 '.Reading gen 45... 07%
Cent Leather 55.. 96%' St L & S F fg 4s. 7(5
Ches & Ohio 35..100%! Do gen 5s 80-% i
Do con 4%« 91% St I. S W con 4s. 80% |
Chi & Alton 3%*. 62 Seaboard AL adj 5a 73%
C, B & Q Joint 4s 95% So Pacific col 45.. 96%
Do ge-i 4s 85% Do cv 4s 91%
( M,v Str cv 4%5.104% Do Ist ref 45.. 93%:
C.UI& fac col 4s. 64%|50 Railway 5s 106% !
Do ref 4s 87% Do gen 4s 78
Cal So r&ext 4%5. 04%'Unlon Pacific 45.. 99%
De! A- Hud cv U. 97% Do cv 4s 96
Den &R G ref ss. 83 jDo Ist A ref 4s. 94% [
Distillers 5s 08 U S Rubber 65...103%
Erie prior lien 4s. 05% I" S Steel Jd rt5..101%
Do gen 4s 75% Va Csr Client 55.. 97% [
Do cv 4s. scr B. T5% Wabash lst&ext 4s 61
111 Cen Ist ref 4s. 96 [Western Md 45... 83%]
Int Met 4%* 80%! Westing El cv ss. 94
Int Mcr Mar 4%5. 65%'Wis Central 4s 91
•• f"
New York Mining Stocks
* ___ a- |
Com Tunnel Stock OR'Meviean 80)
Com Tunnel Bonds 12 Ontario 2.50
Con Va Mm Co.. 25'Opbir 30]
Iron Silver ...... 1.50 Small Hopes 15
I-eadville Cou ... OS Standard 1.00
Little Chief c:; : Yellow Jacket 15
a »
| New York Curb Stocks
* —»
NEW YORK. Feb. 10.— E. F: Hutton & Co.'s
wire says: 'Trading was dull on the curb, with
the general list showing a tendency to ease off.
Southern t'acific and Union Pacific rights sold
off fractionally and tbe oil Issues were more
quiet than usual. There were no features."
The following list is furnished by E. I*. Hut
tou A Co., 490 California street, San Francisco:
Bid. Ask.[ Bid. Ask.
Alaska Cold.. 15% 15%jMiami 6s 168 175
Anglo Oil .. 18% 19%iMlnes of Am. 2% •''
Belmont 8 8% Montana Ton. 111-16 1%
Braden Coppr 9% '.)% Mizpah Ex ..50 55
Do 6s 18S 190 [Montg 5h0.... 02 05
British C 01... 4% 4%'Nev Hills ..15-16 17-16
Butte A N Y. 1% 1 %!Niidssing 8% 9
Cluett Peabdv 67 69 (Ohio Copper.. % %
Do pfd ...101 10.*{ [Pac GAE com 61 61%
Colorado 15 2<> IDo pf.l 90 06%
ion Ariz ...5-10 716 Sau Toy 24 26
Davis Daly.. 1% 1 "■", Sioux Con .. 2 5
Dolores 2 4 S W Miami... 3 7
EI H.ivr, 1 2 So Utah % %
Ely ton 12 14 [standard Oil.
El Paso 6 BU| ex suits ...392 394
Emerson 07% 07%] Do Cal 189 190
Do pfrl ... 47% 4K | Iln Ind :*4O 345
First Nat ... 2 2% Do Kansas 300 505
Fraction 6 S 'Stewart ..111-10118-10
Florence 40 45 'Tobacco l'rod.l2o 140
Giroux 3 *;%: Do pfd 94% 97
Gld Daisy . . :*. 7, [Ton of Nev.. 3% 0
Gld Belmont. 7 9 (Ton Exten ... 1% 2
Greene Can.. 814 SC.-Ton Merger... 85 86 j
Hallinger ... 13 15%'Tri Bullion...— 9-161
Halifax 1 I%luolumne .... 8 3%
Iron Blossom. 1% 1 % United Copper IVi 2%
Int Robber ..8 10 |Do ota 6 12
Jim Butter .. 7:: 74 |U S Light... 10 12
Jumbo Ex .. 30 32 'West Pac Ry. 8 8%
Kerr Lake . .3 % 3 7-16] Do r,s 86% 87
Keystone ... 1% 'J West Low pfd 47 50
La Rose .... :; 3%] Do mm ... 19 21
Lehigh Coal. .215 225 'West End.. .1 5-16 1 7 16
Manhat Shirt. 30 70 iWettlaurer ..18 20
Do pfd ...101 103 IWillvß Overld. 09% 70%.
Man Transit. 1% 1%! Do pfd 98% 99%
Marvonl 5% 6 [Yukon 3 3%
Ma- « Val .. 7% 8% Prairie .**"3o 333
Maya oil ... SO 23 Vacuum 173 17S
McKinlcy D.. 2 2 l-16Coot Oil ...1900 2000
The increase in the number of con
sumers served by the company in 1912
over 1911 was almost 34,000, and the
company, according to statements by
its officers, starts off 1913 with an earn
ing capacity of $1.0Q0.000 more than on
January 1. 1912. While there have been
reports that the board of directors
would take steps to reduce the divi
dend on the common stock, members of
the board say there is absolutely no
danger of any decrease in the dividend
rate, as there are no circumstances ex
isting which would call for such action.
Hate reductions by the company are
now at an end. as it has complied with
fill orders made by the commission and
In many places has voluntarily reduced
its rates on both gas and electric cur
rent. For this reason the present year
should show large increases in gross
and net earning over 1912. The com
pany is now well supplied with money,
and from present indications will have
no iinancing to do In 1913.
* * #
I MTEI) (OPI'KR RK('KI VERS
The tangle in the affairs of the
United Copper company, the $50,000,
- llt-inze corporation whose troubles
helped precipitate the panic of 1907,
resulted yesterday in the appointment
in New York of Jnhn S. Shepard and
.1. Addison C'udworth as receivers by
Judge Martin in the federal court. The
receivers were put under $50,000 bonds.
In Wall street this step is regarded
as -a friendly move toward reorgani
zation and possibly the elimination of
the Heinzos.
The receivership was based on a suit
in equity tiled by Maurice L. Peiches,
receiver for the Aetna Indemnity com
pany.
It w;is saiti that application for a
loan for .1, p. Morgan & Co. was denied
and this hastened the application for a
receiver.
The troubles of the United Copper
company have been aired In the courts
since 1907. when the pool in. it headed
by Otto Heinz & Co. collapsed. A break
followed in the preferred stock from
around $85 to $5 and in the common
from (50 to about 50 cents. When the
bubble burst three . stock exchange
firms failed.
The company was always a holding
concern. Its assets were sold nine
years ago after the memorable Mon
tana, copper war with the Amalgamat
ed-Rockefeller-Rogers interests.
The Butte Coalition company was
then formed and the chief Heinze
properties taken over. This left F.
Augustus Heinze in control of the
THE SAN FRANCISCO CALL, TUESDAY, FEBRUARY 11, 1913.
I -. : ■ Boston Stocks |
.♦-—. — '—— —' ' - \ " ■'■ - ■ ; 7 -#.
-BOSTON,'' Feb. 10.— K. F. Mutton & Co.'s
wire says: "Coppers developed a ■ better; tone
at the opening today,*,meeting the'. advance In
metal at I.ocdon; - The : trading In coppers.' how
ever.; remain? small. Unofficially it ' is said - that
lnrpre sales were made today at "l6e. n confirma
tion of J which : would hare; n | strong ! tendency to
help materially; in clearing up the copper metal
situation. The market i closed - dull Del firm.
with American Zinc the f feature • and 'advancing
fractionally; and easily to,* 1 new high level.'V-
The following list is furnished by E. F. : Hut
ton & Co., 490 California street." San' F>-«nei«<v>:
■ r Bid.'Ask.l .----,...■ . Bid. Ask.
Adventure .. 4 Shannon ..... 11^4119*
Allouez ..;.. 37»4.",S (Santa" Fc .... 2>« )•• Z^
Arcadian .... 2>i ,2V, United Shoe.. ."!'., St%
Ariz Com ... Stt 3% • Do pfd 27N, 27% \
A P ........4 1-16 4% Super & Bo? t. -'■?>%-'.-. 4 :-.
Do pfd ' ... — ■■':■' 21V- Sup«>r ; Copper. 30 s 4 31 Vi •
Balaklala ... 3 3 Tamarack .... 31 3.*$---
fal & AtIt.. . «5 >-•'.«.-,.% [Trinity .:.... 4Vi 5 :
Cal & Bccia.495 • 4S9 ft' S Mining.. 40 41
Centennial .. V<% Iβ',, 1 Do pfd 4R>2 49 •.
Copper Range 40 4tf'-.j!rtJih Apex .. 2 * 2' 4
Daly West.... :.'.. 4 - jUtabtCon ... 10 104
Kast Butte... .13 Vi 13»^i Victoria ..... 1'i 1 »4
Franklin .... 7> 4 7" 4 Wolverine ... fli 6SV.;,
Granny OS !Wyandotte ..' 1 > t " 1 l j
Hancock .... 20 21 *{Wlnona ....:.?. 8*
Helvetia .... — 7."> JGreene; Can... . SV4 ■ $\. n
Isle Itoyale:. 28 -2SV'-iOiroux .. .T.3 116 3 0-16
Indiana ..... 14^a" — !Ray Con .... 13 19Ji
Kerr Lake ..3»4 3 7-lC|AlKomah .... 1% 2
Kewecnaw ': .2 13-19 3 -*-|Bos ' &' Maine. f»."i fMi
Lake I Copper. 1J> ! S 20 [Ros & Albiiuy.212' 21:.
I.a Salle 4% ,5;', Bos.Elev . ...111^111«
>fas 8 Con ... 4%- 5 United Fruit..175 - 176Vi
Mich Min .. I ; lii Swiff ...... 1 w>1.4106
Mohawk .... .",2'» 53 [Old Colony .. • 8 6%
North Bntte. 2SH4 2t)%|MayUo\vcr ... tlU : 11 "i
Nev C«n ... 17 ri i'lS 'iZine .".':... 32V4 82%
North Lak-ev.; 2 , * 2%iButte & Super <£>% 35«
old Dominion 49 , 49%'Island Creek::' "> M fifii^,
Osceola |...:*. 85 aOTi }•-. Do pftJ ../..'Se &S7*
ojii.way:...:: 2V * ip K *.-:.-.....^=o 25^|
Quiucy t ;.i..,t2V3 73' j .,.-;.;>•-■.:' • ■ *^
♦— r •;" -;r r—'/- ■ — .;- ."■::■ 1—».
I i Boston Curb Stocks |
+. — . • ':, "-' '-■-■'■*■■''■■ ■ - . '-;'•■--"■;—^_j_ — 4 '
: The following list is furnished by E. K. Hut
ton & Co., 49ii California, street." San Ffinclscof
: ,"•:■";■■; Bid. Ask.!-'", s*i ' : : . Bid. : Ask.
Bohemia. .... 2i£ 3 I Majestic Y!fst4Q ; 49 "
Boston Ely .. 7". SO 'Mason Val ... 8 W 8 V'« !
CiUwn ... 3% 3% ! NeT Doug. .'.2.7-Iβ 2 9-16
Cactus ■.■.:.*::'• 6 ■■■•• 10 (Ohio SO S3,,;;
Chief Con . ." 1% 1% One<-o ir.T. .... 1 Vi 2 '-!
Corhln ...... 31 34 Shattuck Ariz. 25% 25% :
Chino ...'..% tfiTVi 41^!S & Globe.i-5 10 ■
Davis Daly.. 1%- l«'SoBth Lake: , ..'* 8 8%
Eagle & B B. T- -1% United; Verde. 7.*. **.»
Ely Witcb... r, 10 [New; Baltic. ..nit 100 116
Inspiration .. 16t; l6*4IMich L tan .. .".r> : 65
♦_ —; —_ _—i^— —-. —___—__ ■ ♦
I London Closing Stocks |
'+J, — ••" ■'■-'■ ■; -' -"•." '•""■'. '" •■■'•■•• — »
Cons for money.74 11-161111, Centra! "..:.. 12«'-_.
> Do for aect.... !l/ouisv & N'ach .. 14-_" ■..
Aninl Copper .... 74%|M, K & Texas....
Atcbison .........106 [X V Central:....'. Ill
Bait Ohio .....K4>4 Norfolk- & West.;. 112:
Canadian Pac ... .24414 Ontario & West... "2%
Ches A Ohio..::..- Pennsylvania .::.. 02 ,
Chi Croat West.. 17 Rand Mines ...... 7
CM, Mil &'St P. 11H% Reading ...*.*.'. ML, I
De . Brers ........ 21% So Railway " .".. T. ."■ *T%
Den & Rio Grande 22 So Pacific ..... io« 1
Erie ....... .-..:;.: 31%JUnion, Pacific • ... .164%
Do 1st pfd:... 4l)"il' S Steel..;...... m
Grand Trunk .... \ (Wabash •;: • i .'...'■. • • 4 : i
; Bar silver — Weak i" 2S 7-16d per ouni-e. ;
-Money—4*4<a.4«'4:;per. cent.' • ..... \. ■■-. ■ <■
- The rate of discount in the open market for
short * hill« I* 4 l.'-l6(!7Ti ! per- cent and for three
months' bills : 4 13-16<g4, per cent. ■ •
. XfiT York Moery Market , r -
-NEW YORK. Feb. 10.—Money , on call, 1 firmer
at '\C(t 4 per, cent: ruling rate, per cent; closing 1
bod. 3% per ;cent; offered xt 4 per cent. ■"'■■'."■ .
Time ■-' loans, stronger; ":".'«JO :■ days. 4<@.4|i • per
cent: 90% days.' 4i4@454 '■ per cent;, six- months,
\\t itf4U per cent. - v - - " I
:: Prime mercantile paper. 4 1 <;'S5 per cent.. :
.; Sterling • exchange. • weak, ■ with - actual: business
in bankers' bills at f4.S325ifor : 60 day bills and
at $4.8750 for demand: ■ f'■•■ v -
Commercial hills,; |4.S2 a 4.
' Bar silver, 61 Tic.»: -,- - ;
Mexican dollars, 4SVjc.
■- Government' bonds, easy. .: -
- Railroad , bonds, easy.- , .■"
United i Copper company, the Stewart
Mining company and the La. 4 France
Mining company. The last three- were
reorganized after suits y, had been
brought by various; persons. . ■ : • -' -
The grip of TIeinze on these proper
ties has-been lessening-each* year, .j so
that he now "• has but ;a* small 'voice In
the affairs of the United States. ; 4 " ;
i'-'S.'i ■ ; ~-.\ ;, '' :*.■:::;* ■; ; :; r #^iV- : ■:
NEW YORK COPPER ; MARKET
The . copper bulls "yesterday , took.: ad
vantage over the extended position of
the copper bears in 1 the London stand
ard f market ■ to run the price ? of •> spot
standard and I futures to £68 on , the first
cable.l an advance of £1 "s 6d in spot
and £1 5s in futures. S The bulls were
aired for J, the considerable s> demand for
spot 5, copper J- on the part of i those who
held off as long as possible in the ex
pectation of still lower prices. In
other respects the cables jj report 4 ** the
foreign situation is unchanged. The
largest interests have the nearby mar
ket to > themselves and asking 6 %c
aw pound t% for electrolytic, t , delivered 30
days. The futures market -i continues
a quiet affair, calling for substantial
concessions to bring out.purchasing
orders:* j Somev>; domestic business is
being done every'day, but in piecemeal
lots. h~ Small lots ! of J" the metal £ can ; • be
bought as low ; as H 5%ciat pound, elec
trolytic, delivered in 30 days,:
* * #
LONG BEACH CONSOLIDATED GAS :
Two applications were filed with the
railroad commission yesterday , ;' by the j
Long.'BeachS Consolidated Gas company. ;
One asked authority for the sale of a
franchise held by George H. Bixby to
the gas company and the other was for
a*; certificate of public convenience J and
necessity for the corporation to operate
,under the franchise in Long Beach. , '.
■*•*•*.. ,,,
WOULD ISSUE BONDS
The Pomona Valley Telephone and
Telegraph union applied to the rail
road commission yesterday,* for author
ity to issue bonds in the sum of $200.
000 for refunding bonded
meeting: accounts * and extending the
service. ? It ■is proposed to $ sell half of
the bonds now and the remainder as
needed. ■■■
* « *
LOCAL BANK CLEARINGS
The San Francisco Clearing House
association yesterday reported local
bank clearings as $8,303,864.19 for the
day.
i New York Stock List |
♦—■ , ••
E. F. Hutton & Co.. 490 California stieet.
members of the New York Stock exchange, fur
nish the following list of boud and tstock faleu
yesterday:
Sales I STOCKS |Higu| Low | Bid | Ask
7.4001ADW1 Copper 72% 72% 72% 72%
200!Amer Beet Sugar. 37% 37% *'7 38%
Do pfd .... 83% 90
IS.OOOJAmer Can Co 42 39% 41% ■»!%
70l>! Do pfd !126'.. 125% 125 126%
2001 Amer C& F C 0..1 54%! 53% 53 54
t 200! Do pfd 116% 116 115% 110 1
".thi Amer Cotton Oil.! 54% 50% : * ,u - M^
j Do pfd .....! ! «% 100
'Amer Hide & L.. 1 1 4V -* 5
104 Do pfd ! 28% l 28% I 27% 28
000 Amer Ice Secur...! 22%] 22% 22 22%
(Amer Linseed I 101 2 W*
I Do pfd" ! j I 30 M
200!Amer Locomotive.! 39% 39% 38% »%
I Do pfd . I ... 104% M 3%
100'Amer Malt i 11 111 | n ,o *i
I Do pfd I ( [56 57
1,800 Ateer S & R C 0...! 73%; 72% Tjt% '2%
100! Do pfd '106* 4 :106 : 5*4 'lOU-%1107
(Amer Snuff t I '180 |190
I Do pfd ! ! 103% 104%
100 Amer Sugar 116 110 |U« 118
! Do pfd ! I (HO " s
lOOJAwer stcd Fens. 99 '36! 39 40
l.ooo'Amcr T & T Ce. .1132% 132% 132% 132%
500 i Amer Tobacco !'_»S2«.|2Bl 281 2S:'
300) Do pfd 105% 105% 108 105%
lOOiAmer Woolen ( 18 [18 17% 18%
160j Do pfd I 79 79 I 78% 80
400|Anaeonda I 37% -'*7%! »7/4 37%
lOOiAtlantic Coast U. 1129% 129% 128 130
SOOiA T & S F 103% 1103% 103%
I Do pfd I i 1101% 101%
500(Balt £ Ohio 102% 102 1101% 102%
i Do pfd i i 83% 84%
! ißethlehem Steel..! j 37 *!8
S Do pfd i 66 66 I 65% 66
200!B R T '90 90 I 89% 90%
600|Calif Petroleum..! 55% 55%) 55% 55%
4,4oo!Canadian Pacific. J'239% 237% 1237% 237%
800[Chino Copper 141% 41% 41% 42
1C&0.... 77% 78%
C& A 1 15 is
108JC G*W ! 16% 10% 16% 17 1 !
100 IDo pfd 132" :S2 31% 32%
400' C&N W 136% 190 135% 136%
700 ! C M&St P illl% 110% 110% 110%
I Do pfd 1 137 141%
500(Cential Leather..! 29 28% 28% 29
I Do pfd I 05 96
Central of N J... ♦ 353 360
L500iCo»o Fuel & Iron.! 39% »% 37% 38
I Do pfd I i 155 175
200 Colo Southern 30 |29 29 .11
i Do Ist pfd 1 05 70
[ Do 2n\ pfd * i **3 70
lOOjCooaolidated Gas. 137 137 137 18S
400|Corn Products I 15 I 14% 14% 15
2<h.; Do pfd -....! 77 I 76% 76V-. 77%
iCrex Carpet i i 76% 80
[Del & Hudson...' i 102 163
jl> L& W I ! 416 420
[D & R G I 1 20% 21%
I Do pfd j 37 38%
[Distillers* Sees... 1 18% 19%
2,200 Erie 31 I :*o%| 30% 31
2001 Do l«t PM ( 48 I 47% I4S 4SV *
[ Do 2d pfd ! [ ! 38 39
100 General Electric..! 142 142 141% 142
Grt Northern Ore- I 38 38%
2,ooo)Grt Northern pfd 129% 120 129 129%
I.soo[Goldfleld Cons 2% 12% 2% 2%
200illllnols Central... 125 J124%j124 126
lOOilnspirntion 101.,! 16%| 16% 17
700 i luterb(.ioMetro .. 18% ]SV~! 18% IS%
300! Do pfd 63 62% i 62% 62%
Inter Harvester 1111% 112%
lOOilnter _er Marine 4% 4%[ 4% 4%
Do pfd 17% 18%
1.008 Internatnal Paper 12% 12 112 12%
200 Do pfd 47 46% 47 4S
800! Internatnal Pump 14% 14 |14 15%
500 Do pfd 63 62 |61 fit
(lowa Central [10 12
! Do pfd 121 124
200 X C Southern 20 ! 26 ( 25 I 26
1001 Do pfd 60%) 60%! 59% 61
3,000-Lehigh Valley 1»%Ji00% 160% 101
700'Liggett & Meyer* 224 }*223 122*:%(223
[ Do pfd [ ! 1114 115
IP. Lorlllard Co. J ' U94 1108
! Do pfd j ! |114%j115%
500; L& N 138 !13S 137 ,138
IMackav ' | 84 86
100( Do pfd 07-li BT% 07% 67%
300iMexienn Central.. 23% ; 23% 23% 23%
BOOjMex Petroleum... 74 < 73% 7.*'.% 74
lOO'Minn A St 1 21 ! 21 j 20% 21
loo! Do Ist pfd 57 (57! 44 48
lOOIM St Pft S S H.J189 [139 (139 140
Do pfd I 1142 152
200iMo Kan & Texas, j27 : 27 i 26% 27%
! Do pfd [ ! 81% 83
500: Miami Copper | 23% 3_%l 23% 23%
lOOiMissonri Pacific.[ 41%1 41% 41 41%
100[National Load.... 51% 51% 52 5'J
I Do pfd 1106% 108%
2Oo[National Biscuit.. 119 119 [118% 120
1001 Do pfd (121 121 |HS |123
'National Enamel. I I 117 I 17%
400 Nevada Cons 17% 17%[ 17%j 17%
'N V Air Brake.) ■ 75 79
100 N V Central i 107% 107%!l07% 108
IN YC& St L... ll[ 55 58%
I Do Ist pfd ! ! 97
Do 2d pM ' I 88% "0
JOOjN V N H & |t'.. 129 1*29 128% 129U
ono |N V Ont. A- W..' 33% »% 81%] 82%
I.9ot»!Norfolk & Westrn lol>% 108%|108%|108
... : Do pfd : (.....'lO7 10.8
100 North American..! SO jBO SO 80%
800 Northern Pacific.. II19%!118%!11S%|11S%
-.[Omaha t ! [123 1135
! Do pfd I ; 150 160
100'Paciflc Mail '29% 29% 29%!."0
(Pac Tel & Tel...[ 39%j 42
5.500-Ponn>,y!vania [120% 119% I10%!t20
l.2oopo.,pic*s Gas [IIS 'll:: ii:*%iH4
200'Pittsbwrg C0a1....! 22% 22U. 22% [ 22%
200! Do pfd 91% 80% 90 90%
rCCftll Louis 100%1104
I Do pfd 100 |11.-»
Pressed Steel Car 32% | 33%
Do pfd ! 9!) |100
500'Rav Consolidated. 19% 19 19%] 19%
IRv Steel Springs.! 31 U, ! 34
' Do pfd [ ! 88% 100
32,900 j Reading |1«5%|163% 103% i<**:%
5001 Do Ist pfd ! 91 91 80% 91 %
Do 2d pfd f 91 " 91%
'Republic 8 & 1...! I [21 21 %
LDo pfd [ [ I S7%| SS
.*.i*o'Rock Island I 2.'!%! 2::%! 23% 23%
COO) Do pfd ! 47% f 47%! 41%| 42%
400 Rumlev [ 87% i 85%| 85 I 80
300 ! Do pfd j 96%) 96 | 95% 95%
200! Sears-Roebuck .. .J20,""%]203 203 204%
tOOJRoM Slicf Sft 1.l 4 4 44 140 45
Do pfd i I 91% 96
ISt L ft 8 T let pf 58 83
100 IDo 2d pfd [ 27%1 27%[ 27% 27%,
ISt Louis & S W..! 1....'. 33 34%
! Do pfd I I I 73% 75
21,900'Southcrn Pacific. . 103%! 1 Or, i 10.1% !10.**%
300'Sonthem Railway' 27% 27% 27%) 27%
100 Do pfd I 80% j 80% [ 80% [ 80%
lOeJTenn C'»nper j 34%! 34% 34%! 84%
ITexas Oil I 119 |120
[Texas Pacific ! 20% 21%
'Third Avenue j 38%) 38%
'Toledo St L & Wj 10% 13%
I Do pfd 26% 128 "
!Twin City R T.. 105%1108
3.2ootlTnton Bag & p.f 7% 7% 7% 7'i
10,700! Union Pacific !161% 159% 159%1160
4001 Do pfd I ,89% 89% 89% | S*9%
200! United Rys Ivn Oo 31 31 [ 7,f) 31
100 IV. pfd [ 58 58 57 I 55%
!C S Ca«t Iron P.! 14 | 17
! Do pfd I 55U, 00
1,500|U S Rubber j as ! 67 i 67%" 67%
3001 Do Ist pfd !107%4l07%!l06 107%
I Do 2d pfd I [ 79 81
21.100;u S Steel C0r...1 04%1 64%| 64% 64%
900! Do pfd I10S%!10R% 1 10S%!109
OOoYtah Copper • 34 ! 53%! 53% 54
'Va Car Chem Co.| 3*B " fil S
200' Do pfd HO 110 !109 lio
(Wabash ) ( MJ 4
I On pfd I I I 12% t3
I,3oo'Western Union... 72% 72%! 72N, 72%
400>West. Maryland...! 44% 44 I 4:i% 441*.
I Do pfd i I 63 a3%
200!Westinghouse .... 72%1 72%[ 72% 73
]W &L E t 1..*.. 7% 8%
' Do Ist. pfd I !.....[ 24 * 26
! Do 2d pfd ! 10% 114
'Wisconsin Central!. t I 51 I 52%
3.300-Wool wort ii I104%;i01%|101%|102
187.700— Total shares sold.
Wllfton'M View* on the Market*.
(From J. C. Wilson & Co.'s private wire.)
NEW YORK. Feb. 10.— Prices for stocks ruled
weak today, wllbfiut atiy apparent reason except
the trouble in Mexico, which seemed to cause
some small selling, but the market is so narrow
that any fair sized orders influence prices. The
general impression is that the Mexican situation
Is exaggerated and that when reliable news comes
from I !here th! s fact will be demonstrated. The
me i kef held steady and appeared to be well sold
out. Cotton—Liverpool again set the pace and
New York followed the advance. Bull manipula
tion wji«- apparent here, but so was good buying
by Liverpool, the continent. "Waldorf. Wall street
I and the snath and west. Spot markets are re
ported more active at New Orleans. Savannah and
Memphis. The continent is reported to be buying
spot cotton more freely than at any time for
■watte past. The feeling here tonight Is bullish.
and It is mor" of a two sided market than It
has been.
CHICAGO. Feb. 10.— Wheat started easier on
the lower cables, large world's shipments, pros
pect of an increase In the visible, an easier corn
market and a poor cash wheat demand. The de
velopments through the day were unimportant,
hut tlie early loss was not recovered. We do not
think tbe news is coming right for an advance
just now. and would not wait until it changes
before making new commitments on tbe long side.
Our receipts are too heavy at St. Louis. Kansas
City and Omaha for comfort, and our stocks are
not decreasing as they should for better prices.
Northwest Bank Clearing*
PORTLAND. Feb. 10.—Clearings, $1,967,353;
balances. $182.58.!.
SEATTLE. Feb. 10.—Clearings. $1.8.33.080; bal
ances. *164,780
TACOMA. Feb. 10.—Clearings, $482.357; bal
ances. 565.314.
SPOKANE. Feb. 10.—Clearings. $732,763; bal
ances, $60,336.
Condition of the Treaaary
WASHINGTON. Feb. 10.—Tbe condition of the
United States treasury at the beginning of busi
ness today was;
Working balance, $79,026,501.
Tn banks and Philippine treasury. $34,291,938.
Total of general fund, $14R.145.776.
Receipts Saturday were $3,261,972, with dis
bursements of $3,668,610.
The surplus this tiscrtl year is $0,937,592, as
against a deficit of $22,273,031 last year.
The figures for receipts, disbursements, etc.,
exclude Panama canal and public debt transac
tions.
I SAN FRANCISCO STOCK AND BOND EXCHANGE |
Weakness in United Railroads bonds and strength in Fireman's fund
insurance were the features of a listless day on the San Francisco Stock and
Bond exchange yesterday. The total business for the day in listed securities
was $40,000 in bonds and 350 shares.
United Railroads 4s, which sold Friday at 185.12% and were $63.75 bid
Saturday, were $64.25 yesterday, the sales being $10,000.
Fireman's fund, which was traded Friday at $242.50 and bid Saturday at
the same price, moved yesterday at $245 for 10 shares.
Hawaiian Commercial and Sugar was the most active stock, 260 shares
being traded at $34. which was a trifle weaker than last week.
Hawaiian Sugar was ex-divided 30 cents and West Coast Oil (pre
ferred) $1.
In.the unlisted department. General Petroleum suffered a sharp decline.
After selling at $34.75 Saturday, 50 shares were traded yesterday morning at
$34.50. During the afternoon the price broke to $32.50 for 25 shares. After
a sale of $7,000 General Petroleum 6s during the forenoon the price dropped
a half point on $2,000 in the afternoon.
LISTED SECURITIES
SALES FEBRUARY 10, 1913
Morning Session Afternoon Session
Board— Board —
203 Hawaiian Oral & Sugar 34.00 10 Fireman's Fund Insurance, ca5h.245.00
40 Northern Pal Power Co C0n.... 38.50 Si Hawaiian Coml & Sugar 34.00
10 Paa-ihau S P Co 16.50 I*" Hutchinson Sugar Plantation... 16.87%
$6.0C0 Natomas (on of Cal 6s 94.75 ."> Pacific Tel & Tel (pfd) 97.50
$2,000 City Kleetrir Co 5s 86.50 $1,000 Nafomas Con of Cal 6s 94.75
$12,000 People's Water Co 3s 51.75 fl.ooo s P R R Co Ist ref 4s 93.8714
Street— $1,000 Cal Gas & Flee G >I & 0 T 55.101.87%
$S,ot)u Cal Gas & Electric unifying 3s. 90.00 $10,000 United RRofS F4s 04.25
Street—
IO Peoole's Water Co (pfdl. ...... 50.50
$1,000 City Eleetrtc Co 5s 86.50
CLOSING QUOTATIONS
BONDS Bid. Ask.' Bid. Ask.
U. S. Bonds — Bi& Ask. Oakland Transit Co 3s. 103 — ;Cal Wine Assn com.. — —
4s uuar coup (new). 113% — I I)o Con 3s 102% — ! E Idu Pont de N pfd.— —
3s quarterly coupon. . — — (Oakland Trac Con ss. •$% 08 ! TV> common 183 —
Miscellaneous Bonds— {Oakland Trac Co ss. — 02 'Fireman's Fund Ins. ..244% —
Alameda Artes W 3s. — OS [Oakland Water gtd 5s 07 90 jFifst Nat Bank of SF. 225% —
Associated Oil Co 158.101 102 rOninihus Cable Ry 65.103 — [German Say & Loan.3loo —
Bay Counties I'ow 5».101% — !Oro Electric Corp 6s. 08*4 98% Clant Powder Con 119 123
Cal Out Gas &El 58.10114 — 'Pacific Gas Into 45.. 89% — Hawaiian Cooal & Sug. 33% —
Cal El Gen ss. ser A. — 102 |Pacttle Gas & Elec Ba, — 90%' Hawaiian Sugar C 0... 35% —
Cal G&EI Z m & ct3a.101% — rPacific Electric Rv 55.104 109 lllonokaa Sugar Co 7% 8%
Do unifying 5s 96 — [Pacific Light _ P ss. — 96%!Humboldt Savings Bk. — 129
California St Cable 55,101 102 Do guaranteed 55.. 99 99%'Hutchinson Sug Plant. 16% —
California Wine 55.. 97% — [Pacific Tel & Tel 55.100%101 jKllauea Sugar Plant. 12 —
Cent Cal Traction ss. — 95 iPark & Ocean R R 65.100 — [Marin County Water.. — —
City Electric Co 55.. 80% 87ViiPeople's Water Co ss. 81% 81%' Mercantile Nat Bank. — 220
Coast Counties L&P 5s 94% 95 ISac El. Gas &Rv 55.103 — [Mill Val & MtTmSRy.lO5 —
Contra Costa Wat ss. — 100 |Sac & Woodland Rss 95% — |Mutual Savings Bank. 75 80
Do gen mtge 5s 97 97%S Joaouin Lt & P ss. 100% — (North Alaska Salmon. 99% —
Edison El of L A 55.102% — * Do Cor 6s, series A.102% — [Oro Electric Corp pfd. 72 74
Edison Eight & P 65.106% — !S F Electric Rv 55.. — 90 [Onomea Sugar Co 32% 53%
E I duPont Pwdr 41-.S — 93% SF.Napa & Calis R 65.102 — IN Cal Power Co Con. 3S —
First Federal Trst 55.100% — rs F. Oak AS J Ry55.103% — | Do common — 16%
Ferries ft Cliff tf R65.100% — [ Do 2d mtge n< 93 — 'Oro Water. .Eight &. P.IOO —
Great Western Pow 5s 86% 87 | Do Con Ry 5r 83 — ,'Paauhau Sugar Plant. 16% —
Hnw Com! & Sug 55.101 102%'S J& S Clara R 4i.',s. — 90 'Pac Aux Fire Alarm. — 4%
Honolulu RT & L 65.106 — (Santa BarbaraG&Elos.lOO%lol%!p a c Coast Borax pfd.loo%lol
Lake Tahoe R& T ss. — 97 (Sierra Rv of Cal 65.. 92% OS | Do common 80 —
lA>ng Beach C Gas 6s. — 101 SPRR of C 1c g ss. — 112%:Paoifio Coast Casualty. — 150
Eos Angeles Elec ss. 09**; — ISPBranch Rof Cal 6s. — 126%' Pacific Crude Oil Co.. — 50c
LM Ang Gas *El ss. 99% — FS P R R Ist ref 4s. 93% — I Pacific Eight Corp pfd — —
Do Corp 5s — 98 JS Val Wat gen m 4s. — 94%! Do common 108 —
Los Angeles Ry 5a.. 103% 106 'United Gas & Elec 3s.lOO%lol%:Paoiflc Tel & Tel pfd. — 98
Do Corp 5s — 98%tT T nlted RRofSF4s64 — 1 Do common — —
Eos Ang Eight gtd ss. 100 — rVal Counties Pow 58.100 101%;People*s Water Co pfd. 59 61
L A Pac R R Icrass.lo4 — STOCKS (Philippine Tel&T Corp 24% 25
L A-Pac RR of Cal ss. 88 09% Alaska Packers* Assn. — — IRealty Syndicate 133% —
Marin Wat & Pow ss. 99% — lAmalgamatod Oil Co. — 80 !Savlngs En Bk & Tr.250 —
Market St Rv lc m ss. — — rAmcrican Nat 8ank.132% — I Security Savings 8ank.335 —
Mid Counties' G&FI 6s 99% — jAnglo-Cal Trust C 0...124% — (S F Oak Ter Rys.A pfd — 80
Mill Val ft MtTinßss.loo — I Anglo & Eon P Bank. 154% — (Spring Val Water Co. 63% 6414
Natomas ("on of Cal 6s 04% — rArmsbv Co of NY pfd. — 100%; Sterling Oil & Der..1.05 —
Nor Ry Co of Cal os. — 110% j Associated Oil Co 42% 42%U'nion Oil Co of Cal.. — —
Nor Cal Ry 5s — 107% Bank of Cal. N A... — — ll'nlon Provident Co.. — —
Nor Cal Power Co 35.100%102 [California St R R 124 — I'nlted Petroleum Co.. — —
Do Con 5s — 91 |Cal Fruit Canners. .. .117 — I'nion Sugar Co 27% 30
Nor Electric Co 55... — 95U,!Cal Ins Co (par $40). 72 — I'nion Trust Co — —
Oakland Gas. L&FI 55.100 101%'Cal Wine Assn pfd.. 84 — West Coast Oil pfd.. 70 —
Oakland Transit Co 65.107%107%|
ITISLISTED SECURITIES
SALES FEBRUARY 10, 1913
50 General Petroleum 34.50 $3,000 Natomas Con 2d mtge 6-= SI.OO
25 General Petroleum 32.50 $S,noo Western Pacific Ry 5s 87.00
$7,000 Ge-.ieral Petroleum 6s 71.00 $15,000 S F Gas & Elec 4%s (callable). 94.00
$2,000 General Petroleum 6s 70.50
The following are the latest quotations for unlisted securities on the San
Francisco Stock and Bond exchange:
BONDS ! Bid. Ask.! Bid. Ask.
Bid. Ask. South Cal Edison ss. — 97 (Nor West Electric .".0 —
Alaska Packers 6s. . .104%10f>%ISouth Yuba Water 65.106 107 Northern Elec Ry pfd. 44% —
Amer River Elec ss. S3 OS South Pacific Coast 4s — 94% Do common 20 —
Associated Oil Ist ref — 92% Sunset Telephone 55.. — 105 iOakland Bunk of Sav.22o —
Bay Counties Pow Og.lol — Snerry Flour 6s 99%100 [Oakland Traction pfd. — 70
Blue Lakes Wat bds.lo3 — iTurlock Irrigation ss. 87% 90 > Do common 30 40
Cent Oak. E & Pow 5s — 8X ICnited Eight & P 6s. — 90 'Oahu Sugar 24% —
Cal Northwestern 55..103 104 lUnlted Properties ss. 45 53 • Do Railway 135 140
Coast Val G&EI lstOs.loo 101 I Do debenture 6s 7% 14 Ocean Shore Ry 16 20
East Shore Water ss. 90 100 ifnion Traction Co ss. — 95 |Oak, *Antioch m E 15% —
Geary St Munie 4%5. — 100 [West Sact» Land 6s. — 100 [Oak m Antioch Ry 25 35
Gen Petroleum 6s 70% 70% West Mtg & Guaranty — IOS (Oro Development Co.. 40 4;?
Houolulu Plant 6s 10l%101%;Western Pacific Ry 5s 86% 87 [Orpheum stock 19% 26
Home Tel So Ore 6s. — 102% STOCKS I Pac Coast Borax (old 1.206 —
Hunt Land & Imp 6s. — 101 Alameda Sugar — 21 IPaciflc Hard &. S pfd. — 93
Modesto Irrigation bds — 91 ! August Oil — 30c !Do common 14 —
Monterey & P Grv 6«. — 97%|Bank of Italy 125 140 Pacific Port Cement... — 75
Miller & Enx 5s 99% — ißank of San Jose.... — 170 IPaciflc Gas & Elec pfd — 90%
Mt Whitney Pow 6s. — 101%,Bufralo Brewing Co.. 60 — Do common 60% —
Natomas Dcv 6s 100 — |Cal Cotton Mills 67 76 jPalace Hotel stock — SO
Do I,and & Mm 6s. 98% — jCal State Life Ins... — 20 (People's Water com... 4% 4%
Do 2d mtge 6s 80% 81 |Cal Pacific Title pfd. — 100 Pet & Bnta Posa Ry. 20% —
Nor Cal Pow deb 6s. — !%> |Cal Electric gen pfd. 78% — ; Portuguese-Ameri Bank — 03
Nor West Elec (subsl.los 115 (Central Cal Traction. 18% 13 Poulsen Wireless .... — 39
Oak & Antioch Ry ss. 82% — 'Central N Bof Oak.loo — [Presidio & Ferries Ry. — 34
Oak Ant A- ERy ss. 81 85 [Central Trust 116 — Riverside Cement 50
Olympic Club 7s — KtO (Cypress Lawn 2% — Standard Cement — 22%
On Water. L& P 05.100%103% First Nat Bk of 0ak.200 -- (San Francisco Secur.. .4S 52
Orpheum 6s — 102% French-American Buk. 97% — (San Joaquin Eight &P 20 —
Pacific port Ceraeot6». 99 — [General Perroleum ... 33% 34% Santa Craa Cement 36 —
Palace Hotel 6s — 107*Y Hawaiian Pineapple.. 43 — [Sperry Flour 25 —
Pet m Santa Rosa ss. 03% — (Honolulu Plantation.. — 31 Do preferred — 100%
Do 6s 94% — j Do pool — 30*%I'nion Ice Co 55 —
Philippine Tel 5s 83 S3 % 'Honolulu Oil — l%[Vnlcan Fire Insurance. 13% —
Do 6s 93 99 Utalian-Ameriean Bnk. — 101 [Weed Lumber Co — 114
Riverside Cement 65.. 77 79 ! Kern Land Co ISO — [Western Pacific Ry... S% 9%
San Carlos Park bds. — 60 IKey Route pfd 84% — 1 Wells Fargo Nev 8k.170 177
SanDiegoGas &El3s — 95%1 Do common — 22 jWest Coast Life In*.. — 199
S F& S Joaouin V 55.109 110 jMascot Copper 2% 2% I Wert Sacto Land Co. AS
SF _ Nor Pacific 5«. — 10«%[ Metropolis Trust 70 — (Western Amer Realty. Vi 17%
Sierra &S F Tow os. — 97% Matson Navigation ...120 — (West Metropolis Bank. — 87%
Standard Cement 65.. 92% — I Mechanics' Say Bank. — SO (Western Meat Co — 106%
Standard Electric 3s. 92 — (Merchants' Nat Bank. 80 83 (Western State* Life... 10 11%
S F Gas & Elec 4%5. 9.1% — [Noble Electric Steel.. — 15 Western Power pfd... 47 —
Do non callable.... 93% 94 I Nat Ice & C Storage. 52% 60 | Do common — 30
Santa Cruz Cement 6s 88% 89%j Natomas Consolidated 10 16%'Yuba Con Goldflelds... — 5%
South Cal Cement bds. —■ 80 * I
Lnnns. Eicbanu and Silver
Commercial paper .Yr s%ftf6 percent
I,oans on real estate 5%fa6% percent
Sterling exchange, 60 days —@4.83%
Sterling exchange, demand —ffs4.Sß
Sterling exchange, cables — 0i1. 89
New York exchange, sight —@ .02%
New York exchange, telegraphic —P .03
Hongkong exchange, sight — fa .50
Hongkong exchange, telegraphic — W .50%
New York silver, per ounce —***' .01%
London silver, per ounce —("j 28 7-16 d
CONTINENTAL
New York on Paris 5.10%
New York on Mexico 2.01_%
Berlin on London 20.47%
'Paris on London 23.24
« a,
Mining Stocks
* . a.
The market for Nevada mining stocks was
largely h Comstock affair yelterday, with the
shares of the north end group monopolizing the
time and attention of Bush street operators most
of the day. The stocks not only made a good
showing in the matter of sales, but prices went
to the highest levels reached since the general
slump in the market occurred some weeks ago.
The rise yesterday was followed by the in
evitable profit taking that resulted In prices for
most of the issues shading off in the late trading.
Ophir. which was the most active of the
prominent listed stocks, was well supported at
34c in the morning after early sales had been
made at higher prices. Consolidated Virginia
went up to 32c, despite the handicap of a recent
assessment, and Sierra Nevada sold as high as
22c. The shading off process in the afternoon
failed to bring about any materia! weakness in
any of these itteues. Mexican had an early ad
vance to 93c. which was maintained without
difficulty, and Uuion also closed higher on
the day.
Trade in the Goldfletds was practically at a
standstill, with only three Issues of that group—
all of them low priced ones—figuring in the day's
trading. Consolidated was a firm feature, how
ever, being in good demand early and late at
$2.15. with no stock offering.
Interest in tbe Tonopahs was at a low ebb
on the eastern curbs and in Nevada, for there
were no sustaining orders received over tbe wire
by local traders. Jim Butler, wblch sold at 73c.
and MacNamara. which was quoted at 22c. were
the most active issues of that group, the amounts
handled in the others being small, with prices
showing hardly any variation from Saturday's
closing quotations.
Big Four of the Manhattan camp was the only
feature of the outside mines, the sales amount
ing to 1.600 (.hares at 85c.
The mill at the Mexican mine ran 93 per cent
of the time last week and crushed 534 tons of
ore of an average assay value of $24.25, with
an apparent extraction of 92 per cent.
SAN FRANCISCO STOCK EXCHANGE
Following were tbe sales on the San Francisco
Stock exchange yesterdiiy:
Regular Morning Session
200 Con Va M 30! 100 Ophlr 35
4«0 Best & Belch. 031100 Ophlr 34
300 Hale & Norc. OB 200 Savage 03
,*,ooo Red Hills 01 400 Seg Belcher .. 07
100 Ophir 36; 300 Sierra Ney ... 21
Afternoon Session
200 Andes 05U0O0 Mon Pitts Ex. 16
20j0 Best &. Belch. 051 500 Mon Pitts Ex. 15
200 Cent Eureka.. 17| 800 Ophir 34
7000 Com Fraction. 06|1000 Opblr 88
400 Confidence ... 37, 500 Oro 08
100 Confidence ... 3S! 300 Scorpion 07
U'OO Con Va M 30 200 Sierra Nev ... 22
700 Con Va M 32 800 Sierra Nev ... 21
1300 Con Ya M 31) 100 Ton Merger ... S6
500 Con Va M 22 200 Ton Merger ... 83
60<io Dexter 04|7C00 Umatilla 03
5000 Dexter Union. (OJI4OO Union Con 16
2500 Jim Butler .. 731 300 Union Con .... 17
1000 Man Big Four 83! 300 Do, ti 90 17
700 Mexican i)3|
Informal Session
700 Con Va M 29[ 1000 Ophir 32
1000 Dexter Union. 0811100 Opblr .... 31
1000 Gold Wedgr... 10[1000 Rescue E, b 10 12
1500 Gypsy Queen.. 04[ 400 Sierra Nev ... 20
500 Gypsy Queen.. 03 300 Sierra Ncr ... 19
500 Hale &. Norc. 09 200 Union Con 16
1500 MacNamara .. 22 200 West End 1.40
600 Man Big FSour 85, 500 Do. b 30 1.40
CLOSING QUOTATIONS
CALIFORNIA
Bid.Ask.J Bid.Ask.
Cent Eureka.. 17 18 So Eureka M.2.50 3.00
Kcane Wonder — 25[
NEVADA
Comstocks
Bid. Ask! Bid. Ask.
Alpha 02 OSfJoila On — 03
Alta — 03; Justice ();• 04
Andes 04 OOlKentuek Con.. 01 02
Belcher 20 23 Mexican ...... 92 03
Best & Blecb. 04 05; Occidental .... 70 '--
Brims Chollar. IO 12[Ophir .11 32
Bftrns Potosl. 10 —[Overman 23 —
Bullion — 02;Potosi 04 —
Caledonia — 70! Savage 05 06
Challenge 04 OOJSeg Belcher .. 06 OS
Chollar 01 03 Scorpion 06 08
Confidence ... 37 :*9[S!crra Nev ... 19 20
(on Va M 29 30 Silver Hill ... 04 06
Con Imperial.. Ol 02' St Ixiurs — 02
Crown Point.. 21 23| Union Con 16 17
Exchequer ... 01 02fCtah 01 03
Gould * Cur. 03 04[Yellow Jacket. 21 23
Hale & Norc. 08 09|
Tonopah District
Belmont 7.75 —'North Star ... 20 21
Boston Ton .. 01 02[Rescue Eula ..It 12
Cash Boy 00 10; Ton Exten ...1.92 2.00
Halifax 1.00 —[Ton Gypsy Con 03 04
Jim Butler .. 73 74[Ton Merger ... S3 86
MacNaraara .. 21 22; Ton of Nev. .6.00 6.37
Midway .12 33! Ton 76 Con... — 07
Mizpah Ex .. 52 5S Umatilla 03 04
Montana 1.70 1.751 West End 1.37 1.40
Mon Pitts Ex. 15 16[
Goidfield District
Adams — 01[Gld Kewanas.. 03 05
Atlanta 17 18|Gld Merger M. 27 29
Blue Bell ... — 02!Orandma 01 02
Blue Bull ... 04 05jOreat Bend ..01 02
Booth 02 04(Grt Bend Anx. — 01
COD 06 08 Grt Bend Ex.. — 01
Columbia Mt.. 01 OZ'.Tumbo Ex . ... 31 83
Com Fraction. 05 <>7il/>ne Star Con. 03 04
Conqueror Con — O2(0ro 07 OS
Cracker Jack. — Oljßed Hills 01 02
Dmd B Butte Red Top Ev.. — Nt
(reorganized! 03 04' Sandstorm Ken 01 02
Dmdfld Daisy. 04 05 Silver Pick Con 05 07
Florence 41 44[Spearhead Gold 02 04
Frances Mhk.. 01 —St Ives 30
Gold Bar Gld. 05 —[Vernal 11 ]*■
Old Bulldog... 03 (is; Wonder — 01
Gld Con M...2.15 2.2o'Yellow Tiger.. 02 03
Gld Fortland.. — 01 [
Bullfrog District
Bonnie Clare.. 01 —'Tramp Con ..01 02
Mayflower Con 01 02!
Manhattan District
Dexter Union. 03 04!Min Hill Con.. — 01
Gold Wedge... 10 ll!Monting Glory. 01 02
Man Amalgam 04 —iMustang Man.. 03 —
Man Big Four S3 S6;Mustang Ex .. — 02
Man Con 09 10! Stray Dog ... — 03
Man Dexter .. 04 05IThanksglvIng.. — 01
Man W Caps. 09 io
other Districts
Atlas Wonder. 12 in!Pitts S Peak.. 64 70
Eagle's Nest.. 01 02] Raw Coalition. — 01
Falrvw G Bid 03 — .Round Mt 35 37
Kimherty Con. 04 —'Tecopa Con ..10 15
Nev Hills ...1.30 1.40[
Assessment Directory Nevada Mines
COMSTOCK MINES
Company— No. Del. Board. Sale Day. Amt
Ophir 91 Jan. 18 Feb. 14 .15
Sierra Nevada.. 33 Jan. 28 Feb. 20 .10
Andes 78 Jan. 30 Feb. 25 .03
Confidence 60 Feb. 3 Feb 26 20
Belcher 99 Feb. .". Feb. 28 10
Gould & Curry. 24 Feb. 4 Feb. 28 .07,
Con Virginia... 28 Feb. 7 Mar. 4 15
Utah 16 Feb. 21 Mar. 18 .05
SOUTHERN* STOCKS
Ton North Star. 6 Jan. 10 Feb. 17 .02
Umatilla Ton... 1 Jan. 17 Feb. 24 .01
Sand Kendall... 5 Jan. 2 Feb. 10 .01
Rescue Eula ... 3 Feb. 8 Mar. 17 .01
1 Oil Stocks \
« «.
SAN FRANCISCO STOCK EXCHANGE
Bid. Ask.! Bid. Ask.
Amal Oil ..80.00 — IMonte Crlsto 7o 80
Asso oil ..42.00 —Palmer It;
Bay City .. — 70|Republle ... 15
Chicago Grain and Provision Future*
(Furnished by E. F. Hutton & Co.. 490 California Street.
CHICAGO. Feb. 10.—The leading futures rauged »< follow*:
Wheat— Open. High. Law. CJose. Feh. 8. Feb. 10, '12.
May $0.04' i $0.04. t0.03% $().!'» $0.94% $1.0*"%
July ..' HIT, .*»2 .91% .01% .82% ,M%
September 90% 90,;, 90 , g gog .90% .94%
Corn—
May 54% .544, .83% "' ;T s ••"■-»*. .«%
July 54% .54% ...I', .54*14 .51-,
September 55% .55\ .53% .55"4 .55% .68%
Oats-
May 35% .35% .»% .35% .35% .58%
July 35% • .:*.-,% .85% .35% .35% .48%
September 35% .35% .»:>< 8 .35% .33% .42
Pork —
May 19.70 19.05 10.65 19.02'". 19.7(> 16.20
July 19.63 19.90 19.C0 19.r>0 18.70 16.37%
Lard —
May 10.5t% 10.67% 10.52% 10.0R !O.ST% 9-25
July 10.55 10.67.. 10.55 10.07% 10.6f> 9.40
September 10.60 10.73" 10.60 10.75' 10.67' a 9.33
Short Ribs—
Miv 1«.30 10,02% 10.5» 10.62% 10.55 R.7TV.
July 10.47% 10.62% 10.47% 10.82% 10.98% 8.82%
September 10.67% 10.67. 10.67% 10.0T% 10.62 - 8.02%
SUMMARY OF
THE MARKETS
Mexican trouble enhance* dullness
in Avail street stocks.
Healthier tone develops In copper
shares.
Cotton futures respond to bullish
news and g<> »|i-
Short selling carries coffee options
down.
Stocks and bonds have quiet day
locally.
Better market for tomstoek min
ing shares. ,
Speculative wheat prices decline In
Chicago.
Wheat continues dull and easy In
this market.
Smart rally occurs In barley fu
tures.
Spot barley quiet hut firmly held.
Quotations for cfses easily main
tained.
Small recessions in prices for
butter.
\o change ln green produce situ
ation.
Orange trade showing signs of im
provement.
Three cars of eastern chickens
marketed.
Draft horses still in urgent de
mand.
Claremonr.. — 55'Sauer Pough. 1.35 —
Coal Central 2o —Silver Tip... 50 —
De Luxe ... 50 — |fl W&. 8... 1« —
Empire .... 45 —Turner 1.00 —•
111 Crude .. — 05 Wolverine .. 50 —
Lueile 3.00 — W X Oil Co. 2.22 —
Maricopa 36. 31 50: Storage ctfs. 31 —i
SALES
11:15 a. m.— i
50 Amalgamated Oil 81.00
100 Ciaremont 55
500 Palmer 15
Informal— . J
1000 Monte Cristo .■ .7S
200 Palmer 13
LOS VNGELK.s OIL EXCHANGE!
(Special Dispatch to Tbe Call)
LOS ANGELES. Feb. 10.—Activity in Union Oil ,
featured the early call at the I/os Angelea stock j
exchange today. The first sale started at $95.73 J
and the price soon advanced to $97. Only 49 J
shares sold at the top figure, and then the quota-
tion dropped back to $96 at the close. In this »
stock alone 369 share* were sold, reprcsentlne j
more than $37,000. This alone is an cnortnou* <
day's business, and. taken together with the rest i
of the sales this morning, was one of the largest j
in tbe history of the exchange. Several other of
the higher priced oil stocks were active, and 22
shares of Union Provident sold at $106.50. In th«
cheaper stocks National Pacific sold at 4%c and
Central Oil was transferred at tI.AC. The call:
Producers— Bid Asked
Amalgamated Oil Co 81.25 81.50
American Crude Oil Co — .30
American Pet. Co (pfd> 71 .00 76.00
American Pet. Co. (com) 50.00 75.00
Bear Creek Oil & Mining C 0... .7"
California Midway Oil Co 12, .14%
Columbia Oil Co 77% —
Etios Oil Co 04 .09
Fullerton Oil Co 2.00 3.75
.lade OH Co 06%
Maricopa Northern Oil Co 04% .04%
Midway Northern Oil Co 09_ .11
National Pacific Oil Co 04 .04%
New Pennsylvania Pet. Co 49 .50
Oliuda Land Co. toil) 89% .11
Pennsylvania Midway Oil Co.. .07% —
Rice Ranch Oil Co 1.08 1.44
Traders' Oil Co 69.50 70.23
Union Oil Co 95.62% 95.7".
Union Provident Oil Co 106.00 106.75
United Petroleum Co 106.00 106..-,0
United Oil Co 38%
West Coast Oil Co. (pfd) 70.00 —
Western Union Oil Co 75.00 100.00
SALES
Morning Sc-^ion
10 Union Oil Co 95.75
140 I'nion Oil Co OO.eo
:*0 Union Oil Co 0*.',.r2%
50 Union Oil Co 86.2 •
40 Union Oil Co 86.37%
40 Union Oil- C 86.50
10 Union Oil Co 88.62%
20 Union O'l Co 90.7 ■
49 Union Oil Co 97.(0
8.000 Consolidated Mines Co 65%
10 Secnritv Trust ft Savings Bank... .400-00
3,500 National Pacific Oil Co 04.;.
22 Union Provident Oil Co 106.50
39. American Petroleum Co 51.00
38 American Petroleum Co. s. 12 51.00
200 Central Oil Co 1 o2
10 Traders' Oil Co 70.n0
70 Amalgamated Oil Co £'~
30 Amalgamated Oil Co 80.73
16 Amalgamated Oil Co SI.OO
Afternoon Session
1 Amalgamated Oil Co 81.50
5 Union Provident Oil Co 100.00
2 000 Maricopa Northern Oil Co Ot%
' SO Union Oil Co !_**•{£./
20 Union Oil Co g-gj a
10 Union Oil Co 0 * , o„
500 United Oil Co -™
7 000 National Pacific Oil Co 04
3.000 National Pacific Oil Co ~„"
1 000 Los Angeles Investment Co **li}?
1.000 Consolidated Mines Co »%
Grain Market |
Wheat and Other Grain*
Wheat — Business in the local spot market con
tinues quiet and with stocks of all grades liberal
the situation is easy at the moment. Prices are
unchanged, however, being governed by the cost
of the grain up north. Speculative prices wcro
lower in the Chicago pit.
CASH WHEAT
California white Australian, nominal; Cali
fornia club $1.57C1S 1.60 per ctl: northern club.
$Ls7%£.L6oTV.rkey red.*s 1.67%01.72%: Bus.
slan red. $1.55!, 1.57%; forty-fold. $1.60(8
1.62%; bluestem, $1.67 %@ 1.72%.
FUTURES
No quotations. .. ..... -
Barley—The lack of rain oyer the weekend
caused 'the market for futures to turn upward
resterdav. both options scoring an advance of
about 50c a ton on small trading. In the spot
market choice feed was firmly held at the old
quotations and the lower grades showed mora
steadiuess than at the close of last week.
CASH BARLEY
Choice feed. $1.37% per oil; No. 1 do. $1-32%
@1.35; off grades. $1.27% rg 1.30; northern fwd.
[email protected]; shipping and brewing, $1-37%®
1.42%: chevalier, nominal.
FUTURES
11 a. m. Session
May sold at $1.30. December closed at $1.50
bid, $1.30% asked.
2 p. m. Session
May sold at $1.81 and to $1.30%. De
cember bad a few trades at $1.31.
Oats—Spot prices were unchanged yesterday,
the market being dull. White were offered for
this month's delivery in the pit at $1.53 a «*»» I.
Red for seed. $l-68«2 per ctl: do feed, $1-450
1.54; black, nominal; spot white feed, ?1.40_!
"J-'orn—Eastern yellow. carload lots.
LSI: «o white. $1.3201.33; Egyptian white,
$1.7001.78; Kaffir. $1.50.
Bye—prices wholly nominal.
Foreign Futureai
LIVERPOOL
Wheat March May Jitlv"
Opening ' •' * ' •',"** I *' *
D « rij&f* 72u M
Wheat— Feb. M»T-Aug.
Opening tl«% Il«%
Closing !-«% 14.%
Flour, per barrel— Feb. Mar. Aug.
Opening •••« ****
Closing b - 4IJ 6 °
CHICACO BOARD OF TRADE
Future Grain and Provisions
CHICAGO Feb. 10.--Wheat pr'ces took a down
t-urn today, owing to rain reports from Mia,
and because of mild weather and of promised
moisture in the United Bt«te« winter crop belt.
The close was ea«v at %O%C " p t decline. I urn
finished %to%c off. oats unchamreil to %c lower
and provisions dearer by V to 2S%C.
Wheat gave way grudgingly a fractions st
a time One reason for tbe reluctance wa s that
dispatches from India said the rainfall, though
fairly general, had been light. In addition there
was'fear of a return of activity on tbe part of
the bulls in coarse grain. However, the market
could not withstand the gradual effect of selling.
due to the excellent conditions in autumn sown
fields. Considerable attention was aNo given to
h big increase ot the number ot cargoes on ocean
passage.
Sinallness of the gain in the visible supply
total brought aboit relative firmness -.f Wheal
during the last part of tbe session. Al no time,
though, did the market get back to la-t week's
closing level.
Huge receipts made the corn market heavy.
Tbe trade Ignored higher cables and paid no heed
to Argentina. <»n the ether hand, oafs during
most of the day showed more activity ami
strength than has been the cane in a long while.
Svllers of July eoru bought September oats
freely, a fact that led to much spreading be
tween the various months.
provisions nsf ea a.-count of large exports and

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