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The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, February 12, 1913, Image 14

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BUSINESS, COMMERCIAL AND FINANCIAL SECTION
14
GOOD MARGIN IN
REVENUES AFTER
ROADS SEGREGATE
Showing Favors Southern
Pacific to the Extent of
$4,000,000 Per Annum
in Last Four Years
UNION OIL COMPANY
DOES BIG BUSINESS
West Coast Life Holds Elec
tion and Submits State
ment to Directors
CLOVIS A. FARNSWORTH
Southern Pacific's earnings for the last
four years in excess of preferred'and
common dividend requirements have
averaged $10,400,000 annually. The
average surplus revenues o,f the Cen
tral Pacific in this period have been
$6,600,000 per annum. This leaves the
Southern Pacific an average margin of
nearly $1,000,000 when divorced from
Central Pacific.
Julius Kruttschnltt is authority for
the prediction that the sale of Central
Pacific will in no way jeopardize the
continuity of Southern Pacific's com
mon dividends. Competition, of course.
la expected to be keen between I'nion
Pacific and Southern Pacific for Pacific
coast business, but Mr. Kruttschnltt be
lieves that both properties under the
new arrangement can and will make
money.
Under the plan of distribution of the
$12ti.650,000 Southern Pacific stock now
held by the I'nion Pacific and eliminat
ing such unknown factors as the pres
ent number of individuals who are now
stock holders in both companies about
71 per cent of Southern Pacific stock
will be held by those who at present
are holders of the stock and the other
29 per cent will be held by the present
Union Pacific stock holders. This as
sumes that Union Pacific stock hold
ers take $29,000,000 and Southern Pa
cific stock holders take $45,000.000 of
th* Southern Pacific stock to be offered
pro rata.
This should, it is suggested, insure
the active competition which the at
torney general has sought to restore,
and something Which will not be un
welcome to Pacific coast shippers and
receivers.
Further, the provision of the dissolu
tion automatically finances both com
panies. Contrary' to general belief, the
Southern Pacific owes nothing: to the
I'nion Pacific, nor does the I'nion Pa
cific owe anything to the Southern Pa
cific. In the Union Pacific report for
1!<12 there appeared an item of $23,
--000.000 demand notes which the Union
had given to the Southern Pacific and
another item of $12,000,000 which the
Southern owed to the Union. The
Union Pacific, in the last month, has
paid off this $23.000,000 obligation to
the Southern Pacific, which company,
in turn, paid off its $12,000,000 obliga
tion to the Union Pacific. As far as
intercompany accounts are concerned,
the slate is clean between these two
companies.
* The last report of the Southern Pa
cific as of June SO, 1911, showed that
this company owed the Central Pacific
$34.-"39.000. This obligation in recent
weeks has been reduced to approxi
mately $20,000,000, which must be liqui
dated out of the new cash received
from the Union as purchase price of
the Central Pacific. It is the purpose
of those who have the dissolution in
charge to pay off all such obligations
now existing among the three com
panies and present an absolutely clean
slate, when operations are started on
the new basis.
Southern Pacific has not as yet issued
its annual report for the fiscal year
1912. and for this year it is not possi
ble to arrive at any definite and recent
data concerning its other debts if any.
which must necessarily be deducted out
of nearly $97,000,000 cash which it will
receive from sale of the Central Pacific.
a " 'a ■ a
UNION OIL BUSIXESS
The annual report of the Union Oil
company shows that the company's
sales of crude oil and refined petroleum
amounted to $17,219,821 in 1912.
Following are the gross sales In the
last four years: 1912. $17,219,821; 1911,
$14,660,177; 1910, $10,813,072; 1909
$9,071,828.
The 1912 business increased 89.8 per
cent over the 1909 gros-s. 59.3 per cent
over that of 1.910 and 17.5 per cent over
1911.
L. Stewart, president of the company,
says it is not Improbable that with
the high prices prevailing, gross busi
ness for 191S will show an increase
of 100 per cent over 1909. or an av
erage increase of 25 per cent per annum
in the last four years.
a ♦ * '* a
WEST COAST LIFE IXSURAXCK
The "West Coast Life Insurance com
pany, which noW carries $17.000 000 of
insurance on its hooks, held its annual
meeting yesterday at which the old
officers and directors were re-elected
as follows:
Thomas L. Miller, president: C. O. G. Miller.
vice president: Julian Sonntag, second vice
president and treasurer: W. ('. Hammond, se-1
retary: George H. Beaudry. actuary and assist
ant secretary; W. R. Climes- Jr.. medical di
rector: F. P. Deering. counsel.
Directors- 1. P. Rehreus. M. .T. Rrandrnstein
T c. Tognazzini, R. E. Queen. Julian Sonntae'
George I*. Hind. E. J*. Holt. A. J. Merle c O*
G. Miller. T. L. Miller, Charles c. Moore. 'George
Allen Moore. George A. Moore. 11. H No>,]*> w
B Reis. V. J. A. Rey, S. F. Earl. Klrkham
bright. C. A. Hooper, Frank P. Deering and
it. <». Biiss.
The following figures wore taken
EONDS UNO PREFERRED STOCKS
LOUIS SLOSS & CO.
Alaska Commercial Building
l F. HUTTON X CO.
400 California St. Tel. Douglas 2457
St. Francis Hotel. Tel. Douglas 39H_
Members of New York Stock Exchange
Pioneer House
PrUnte \\ ire to Chicago
nnd Ban York
J. C. WILSON &TcO.
MEMBERS
\E\V VOHK STOCK EXCHANGE
NKW loilK COTTO.V EX(HA.\GB
CHICAGO BOAHD OF TRADE
TIIE STOCK AND BOYD EXCHANGE
SAN FRANCISCO
>1AIN" OFFICE
Mills Bulldiug, San Francisco.
BRANCH OFFICES — Los Angeles.,
f*nn Dlcko, (oronado Beach, I'ortland,
Ore., Seattle, Wash., Vancouver. B. C.
Prix-ate Wire. CbicaKo. Yew Vnrk.
ANGLO AND LONDON
PARIS NATIONAL BANK
SAN FRANCISCO
BOND DEPARTMENT
Dealers la Investment Bonds ? j
Stock Offerings Heavier
Prices Largely Depressed
NEW YORK. Feb. 11.—Offerings of stocks were heavier today and
prices were depressed materially. The absorptive power of the market
was limited and traders found it impossible to dispose of stock without
substantial concessions. At the same time there was a growing tendency
to unload stocks. • , ~
The average price of the 25 leading railroad and industrial stocks feu
below the average of 1912 for the first time this year. Losses were
distributed well through the list.
Leading railroads, the copper and steel shares and many of the spe
cialties shared in the movement, with numerous declines of 2 points
or more. There was an upturn from the low level just before the close.
Steel was unloaded in large blocks.
Reading and Union Pacific also were sold heavily.
Southern Pacific was a sain under pressure from traders who take a
pessimistic view of the probable effects of the Harriman dissolution upon
the fortunes of this company and the quotation fell to 102 %, the lowest
for nearly five years.
New York Central sold at 106, the bottom fierure since 1911.
The money situation again played an important part in the day s
decline. Call rates rose to 4 % per cent and time rates stiffened. There
was some calling of loans, and discrimination by banks against less de
sirable collateral was said to have resulted in forced sales of some of the
specialties which showed marked weakness.
The vote of the eastern railway firemen in favor of a strike was an
active agent on the bear side of the market.
Politics also came to the forefront once more and some traders said
that with the change of administration at Washington only three weeks
off there was a tendency on the part of holders of long stock to close
out their accounts and await developments on and after March 1.
Bonds were weak. Southern Pacific collaterals declined a point.
Total sales, par value, $2,530,000.
Pan-America 3s advanced % on call.
NEW YORK, Feb. 11.— E. F. Hutton & Co.'s wire says: "During the
first hour the market was weak and received but little support. The
Mexican situation and the heavy calling of loans created a bearish feel
ing. Traders said the selling of Steel represented long stock. They have
hoen bearish on Steel for a considerable time past. It may be short stock,
hut individuals rarely sell even Steel short to the extent of 10,000 or
50,000 shares. Union Pacific, sold off easily. There has been a weak bull
account in the stock as a result of buying by traders who contended that
I'nion Pacific got the best of the bargain in the segregation matter and
that it-would probably advance while Southern Pacific would decline.
Pears who last week had no definite explanation of their position, now
point 'to last Saturday's bank statement, saying that a reduction of loans
is necessary and this can be brought about only by liquidation. A reflex
of the disturbed conditions in Mexico was afforded in Mexican Petroleum,
which declined to 71 %, compared with 73% at Mondays close. On the
whole the coppers offered good resistance to the condition in the metal
market abroad the gain made in London Monday forenoon having since
been wiped out. Kuhn. Loeb & Co. announced the successful conclusion
of the Southern Pacific stock underwriting syndicate.
'The decision of the firemen to strike was another bearish factor in
the market. Firemen on 19 roads of the 54 roads involved were unani
mous for a strike. The conference of the railway managers and firemen
is still in session.
"During the late afternoon the market, after a feeble rally, again
•joM off and a number of stocks made new lows, and the sentiment at the
close was that stocks would sink to a lower level before any rally of
importance would take place."
EASTERN STOCK AND BOND QUOTATIONS
MNew York Curb Stocks |
NEW YORK. Feb. It.—E. F. Hutton & Co.'s
wire says: '"The oils were the only active
law ea today, the rest of the market being quiet,
with price changes fractional. There were no
feature*." ... _.•**_•
Tbe following list is furnished by E. F. Hut
'oll A Co. 490 California street. San Francisco;
Bid. Ask.f Bid. Ask.
Alaska Gold.. 15% 1".% Miami 6s 168 1.3
Anglo Oil .. l Kl a 1« 'Mines of Am. 2% 3
Belmont .•■ "% 8 [Montana Ton. 1% "%
Braden Coppr 9% 9%*Mlzpah Ex ..60 54
Do Qa ..'.184 ISS iMontg 5h0.... 02 «
British C 01... 4 4%jN*ev Hills... 1 5-161 .-16
Butte & N V 1% l%JNipissing .... 8% 9
Cluett Peabdy 66 68 [Ohio Copper.. % 7 /s
Do pfd ...102 103 IPac GftE com 80 61
Colorado .... 13 20 iPo pfd .... 90 93
Con Ariz ...5-16 %'San Toy -3 ZS
Davis Daly.. 1% 1%, Sioux Con .. Z o
Dolores 2 4 |i W Miami.. .> I
BI Rnro 1 2 [So Utah % %
Ely Con 11 13 (Standard Oil.
Ll" Paso .... 6%* ex subs ...f» •;*<
Emerson 68% 67% Do Cal ....I'm VM
Do pfd ... 88% 99% (Do Ind 3.".s MS
First Nat .. 3 2%! Do Kansas.s<*o 010
Fraction 5 7 [Stewart IS 111-16
Florence 40 45 [Tobacco Prod.l2o 140
Glroux 3 3%: Do pfd ....94 95
Old Daisy -.3 5 'Ton of Nev.. 03, B
Gld Belmont. 8 9 |Ton Exten ~ 1:% f
Greene Can.. 8% B%|Th*a Merger... 84 8..
Hnllinger ... 14% 15H;Tri Bullion.. .7-16 9_-16
Halifax 1 l%:Tuolumne .... 3 3%
Iron Blossom. 1% I%'United Copper % 1
Int Buhner ..8 10 [Do pfd 5 10
Jim Butler .. 73 74 D B tight... 10 If
Jumbo Ex ..30 32 West Pac Ry. .% 8%
Kerr Lake ..3% 3 716' Do 5s 86 86%
K«yston« .... 1% 2 [West Pow pfd 49 51
La ftose .... 3 8% Do com ... 19 20
I.ehigb C0a1..215 220 WM End ...IS 1.-16
Manhat Shirt. BO 70 Wettlaufer ..18 19
Do pfd ...101 103 (Willys Overld. 69 .0
Man Transit. 1% l%j Do pfd 98% 99V;
Marconi 5% 6 |Yukon 3 3% I
Mason Val . .7% S IPralrle 328 332
Mays Oil ... 20 22 [Vacuum 174 177
Mckinley P.. 2 2 l-16;Cont Oil ...1900 2000
-•— ' ♦"
New York Bonds
+ , —♦
U S ref 2s reg...101 'Japan 4%a 90i«
Do coupon 101 [Kan City So ref 5s 98%
Do 9a reg 102% L Shore deb 45.1931 92%
Do coupon 102%|L & N unified 4s. 98%
Do 4s reg 113% M. X & Tex Ist 4s 93
Do coupon 113%! Do gen 4%s 85%
Panama 3s coupon. 102*%' Mo Pacific 4a 70
Al-Chal Ist ,-.s ctfs SS !Docv 5s 87%
Amer Agricul 68.161% I*4 R of Mcx 4%5. 85
Amer TAT cv 45.106 |N* V C gen 3%5.. 85%
Amer Tobacco 6s. 121% Do deb 4s 90%
Armour 4%s 91%!NY.NH& H cv 3%s 85%
At«-hlson gen 45.. 97%-N"or&W Ist con 4s 9.8%
Do cv 4s 1960.. 101%! Do cv 4s 107
Do cv 5a 103% Nor Pacific 4s 97%
Atlan C L Ist 4s. 95%| Do 3s 67^
Bait & Ohio 45.. 97% O S Une rfdg 4s. 9114
Do .Vis 01 [Fa cv 3%5, 1913.. 97%
Rrookivn Tr cv 4s 89%{Pa con 4s 101%
Central of Oa 55.107 [Reading gen 45... 96%
Oest Leather 5a.. 96 [St L & S F fg 4s. 76U,
Chea & Ohio 55..100%- Do gen 5s 80%
Do con 4'os 91%i«t L S W SM 4s. SO
(hi A Alton'SV.*. 62 [Seaboard AL adj 5s 73%,
C. B & g ioint 4s 95%,50 Pacific col 45.. 95%
Do gen 4s 95% Do cv 4s 91%
C,M* StP cv 4%_104 Oo Ist ref 45.. 94
C.RI& Pac col 4s. 64% So Railway 5s 106%
Do ref 4s 87% Do gen 4a 78
Col So r&ext 4%5. 93%!Un10n Pacific 45.. 99
Dei A Hud cv 4s. 97% Do cv 4s 83%
Den *R G ref ss. 82 !Do Ist & ref 4s. 94%
Distillers 5s 68% U S Rubber 65.. .103%
Erie prior lien 4s. 85% tt s Steel 2d 55..101%
Do gen 4s 75% Va Car Chem 55.. 97%
Do cv 4s, ser B. 75 Wabash lst&ext 4s 60
111 Con Ist ref 4s. 96 Western Md 45... 83%.
Int Met 4%s 80% Westing EI cv ss. 93%
Int Mer Mar 83 I Wis Central 4s 91
+_ a-
I New York Mining Stocks |
♦ —1 ♦-
Com Tunnel Stock OO'Mexican 89
Com Tunnel Bonds 12 : Ontario 2.50
Con Va Mm Co.. 25|0phlr 30
Iron Silver 1.50 Small Hopes 20
I.eadville Con ... 08 Standard 1.00
Little Chief 04| Yellow Jacket 20
from the annual report, as of Decem
ber 31, 1912:
INCOME. 1912
Premiums $678,885.79
Interest 44.734.04
All others 101.584.29
Total $825,204.12
DISBURSEMENTS. 1912
Ordtnarv department $310,526.06
Industrial department 297,267.37
Excess cash Increase over disburse
ments 217.410.69
Total $825,204.12
The balance sheet shows the following:
ASSETS
Real estate $20,000.00
Lmb* on real estate 317,025.00
Collateral loans 96.000.00
Loans to policy holders 109.915.48
Premium notes 4.307.09
Bonds 359.782.79
Premiums outstanding 45.128.H0
Interest account 3.630.50
Cash In branches 53,522 46
Cash in banks and offices 93.179.11
Total $1,102,492.72
LIABILITIES
Legal reserves $712,124.00
Capital 350.000.00
Fluctuation reserve 18.596.78
All others 21,771.94
Tots] . .$1.102,492.72
The company has #8.306 policy holders.
* * *
UNITED COPPER STATEMEXT
In explanation of the receivership
of the United Copper company. Stanch
field and Levy, attorneys for the com
pany, have issued this statement in
New York:
"The United Copper company, de
spile its valuable assets, has not the
ready funds to meet large maturing
obligations on which the securities
pledged are in danger of being sacrl
licoil. For some time plans for reor
ganization of the company and the
liquidation of the debts have been
under consideration, but meanwhile
creditors have been pressing, and the
board of directors believe a federal
receivership to be for the best inter
of all parties concerned."
Indebtedness of tiie company Is
placed at approximately $4,500,000. of
which $2,000,000 is past due. "Nominal
assets are placed at $6,000,000. There
is less than 51.000,000- cash on hand.
The company has $50,000,000 stock
outstanding.
a *- 48 ". a
COXTRACT VS. PUBLISHED RATE
An interesting point is involved in
the case of the California Northwestern
THE SAN FRANCISCO CALL WEDNESDAY, FEBRUARY 12. 1913.
••- —•-
Boston Stocks
♦ 1 ! ♦"
BOSTON. Feh. 11. -E. F. Hutton ft Co.'s
wire says: "Early trading: was almost wholly
In Telephone rights. Copper shares were easier
on the weakness in metal abroad. The market
became broader and active after the first few
minutes. Zinc was the most active and strongest
feature. Butte and Superior showed move
strength and activity than for several days. This
stock acts better since the new officers have
been elected. Eleven o'clock showed a tendency
;to fractional setbacks Iv sympathy with the
New York market, and the early afternoon
brought about further selling, with large frac
tional declines. There was scarcly a recovery
in the late dealings and the market closed dull
around the low prices of the day."
The following list Is furnished by E. F. Hut
ton ft Co.. 490 California street, San Francisco:
Bid. Ask. I Bid. Ask.
Adventure .. 3% 4 (Shannon 11% 11%
Allonez 37 37%] Santa Fe 2% 2'j
Arcadian 2% 2%.United Shoe.. 51 51%
Ariz Com ... 3% B%j Do pfd 27Vi 28
A P 4 4%jSuper ft Bo*t. :tu, 3%
t>o pfd ... 20% 21N,'Super Copper. 30 30%
Ralaklala ... 3 3 Tamarack ... 29 31
Cal ft Ariz.. 63 64 (Trinity 4% 5.
Cal ft Heela.46s 475 |U 3 Mining.. 4fi 41
Centennial .. 15 16 IPo pfd 48% 48%
Copper Range 45 — [Utah Apex .. 1% 2%
Paly West... 3% 4 Utah Con ...10 10%
East Butte... 13 13%!Vlctorla 1% 1%
Franklin 7 7% Wolverine ... 66 67
Granby 64% 64%'Wyandotte .. 1% 1%
Hancock 19% 20 jWlnona 3 3%
Helvetia — 75 |Greene Can... 8% B*^
Isle Royale.. . 26% 27% Glroux 3 3%
Indiana 14% 15 [Ray Con 18% 19
Kerr Lake..3 5-16 3 7-16|Algomab 1% 2
I Keweenaw .. 2% 3t; Bog ft Maine. 9" On
! Lake Copper. 18 18%[Bo« ft Albany.2l2%2U
■! La Salle ..,. 4% 5 [Bos Elev ill "m ;
Mass Con ... 4% 5 lUnlted Fruit.. 173%174
i Mich Mm .. 1% 2 [Swift 106 106%
| Mohawk 51% 52 [Old Colony .. 5% 6%
North Botte. 28U, 28%iMayflower ... 10% 11
I Nev Co n ... 17% 17%!Zlnc 31% 31%
North Lake.. 2 2%!Bntte ft Super 3.1% 36%
Old Dominion 47% 48 (island Creek.. 55 57
Osceola — 83 Po pfd R6 87
Ojibway 2% 3 IP X 25% 25%
Qulncy 71 72%,
» ♦-
Boston Curb Stocks
♦— ♦.
The following list Is furnished by E. F. Hut
ton ft Co., 490 California street, San
Bid. Ask.! Bid. Ask.
Bohemia 2% 2%!Majest!e 46 48
Boston Ely ..75 80 iMason Val .. 7% 8
Calaveras ...2% 3 l-lOINer Doug. ..2 716 2 9 16
Caetns 6 10 |Oh!o 80 85
Chief Con .. 1% l%;Oneco 1% 2
Corbin SO S3 'Shattuck Ariz. 25 25%
Cbino 41 41%,'Snp ft Globe. 5 10
Oavls Daly.. 1 % 1% [South Lake... 7% 8%
Eagle ft 88. 1 I l *!United Verde. 78 S3
Ely Witch... 5 10 N>w Baltic. .99 100 1-16
Inspiration .. 16% 16%!Mlch Utah ..55 65
*• ♦
London Closing Stocks
-* +
Cons for money.74 9-16! 11l Central 127%
Oo for acct T4%)U»utsv ft Nash 141
Amal Copper 74%' M. X ft Texas 27%
Atchison 115%|N T Central 110%
Bait ft Ohio 104%[Norfolk ft We5t...111%
Canadian Pac 242%! Ontario ft West... 32Vi
Ches ft Ohio 70% [Pennsylvania 62
Chi Great West.. 17 [Rand Mines 7
Chi. Mil ft St P. 116 (Reading- 83%
Pc Beers 21%*50 Railway 27%
Pen ft Rio Grande 21% So Pacific 10.%
Erie 31%JL'nIon Pacific 163
Po Ist pfd 49 n S Steel 67,
Grand Trunk 29%|Wabasb 4
Bar silver—Steady; 28 7-16 d per ounct*.
Money—4 _i!|4% per cent.
The rate of discount In the open market for
short bills is 5 per cent and for three months*
bills 4% per cent.
Clearings in Northwestern Cities
PORTLAND. Feb. 11. -Clearings, $2,169,138;
balances. $260,332.
SEATTLE. Feb. 11.—Clearings, $1,968,634;
balances. $158,267.
TACOMA. Feb. 31.—Clearings, $551,903; bal
ances. $1 0R..-,1(1.
SPOKANE. Feb. 11.— Clearings. $606,339; bal
ances. $105,579.
Railroad and Navigation company,
which was heard before Railroad Com
missioner J. M. Eshleman yesterday.
It involves the right of a common
carrier to serve a patron by contract
at less than the published rate. It
seems that the company had a contract
to haul the lumber of the Union Lum
ber company and the Muir & Irvine
Lumber company at $1.75 per 1,000 feet
as against its published tariff of $2.50.
The showing was made, fiowever, that
in consideration of the lower rate the
lumber interests gave the railroad its
right of way and other assistance.
The case was submitted.
* * *
CITY OF RICHMOND BONDS
The $300,000 tunnel and highway *5
per cent bonds offered by the city of
Richmond were purchased Monday by
B. 11. Rollins & Sons at a premium of
$243. Torrance, Marshall & Co. are
to participate ln the sale of the bonds.
* * *
LOCAL BANK CIJ3ARIXGS
The San Francisco Clearing House
association yesterday reported bank
clearings for the day at $10,014,055.79.
Nevr York Money Market
NEW YORK. Feb. IL—Money on call strong
at 2' 3 to 4U, per cent; ruling rate. 4% per cent;
closing bid, 2% per cent; offered at Z_. per
cent.
Time loans strong; sixty days, 4% per cent;
ninety days. 4% to 4% per cent- six months
4% to i% per cent.
Prime mercantile paper. 4% to 5% per cent.
Sterling exchange weak with actual business
in bankers' bills at $4.8335 for sixty day bills
and at $4.8740 for demand
Commercial bills. $4.82%.
Bar silver. 61 7 *c.
Mexican dollars. 48% c.
Government bonds firm. Railroad bonds weak.
Loans, Exchange and Silver
Commercial paper 5%5|6 percent
Loans on real estate 5%("|6% percent
Sterling exchange, 60 days —154.83%
Sterling exchange, demand —®4.8S
Sterling exchange, canlos -—©4.89
New York exchange, sight.... —(*| .02%
New York exchange, telegraphic — M .07,
Hongkons exchange, sight —frt! .50
Hongkong exchange telegraphic —<fi; .50%
New York silver, per ounce.... —<!$ .61%
London silver, per ounce —@ 28 7-16 d
CONTINENTAL
New York on Peri* 5.16%
New York on Mexico 2.01%
Berlin on London 20.47'
Paris on London 25.24%
New York Stock List
v ♦-
E. F. Hutton ft Co., 490 California street,
1 members of the New _crt .stock exchange, fur
nish the following of bond aud stuck sale*
yesterday:
Sales | STOCKS I High: Low , Bid j A-k
1001 Allis-Cbahncrs ... | 4 j 4 | 3% 4%
100 Do pfd 10 10 19% 10%
21.!>00 Amal Copper 72 ! 70% | 71% 71%
500 Amer Beet Sugar. 36% 35%j 36 37
1 Do pfd ; [ i «*H 90
ll.lOilAmer Can C 0....[ 42 I 3»%| 4©%l •_%
SOOI Po pfd [126 124%|124%,125
[Amer C ft F Co.. 1 ■''-'* ■'■•.
j l>o pfd 1 i U5%|116
700iAraer Cotton Oil.. 50%! 49%j 45 ! 49
j Do pfd ' I I W [100
;American II ft L'| -*%[ •'
1001 Do pfd 27 [27 27 28
300!Amer Ice Secur... 22 [22 22 23%
200jAmer Linseed 10% 10% 10% 10%
200[ Do pfd 30 [ 28% 27% M
SOOiAmer LiKomotive.i 30%1 38% l 38% •'■'•"•j
100! Do pfd j103%:105% 104% 105%
Amer Malt I I I 9 Ll
loo! Do pfd ' 55% 55'-.,| 54% 55%
4,loo[Amer S & R C 0... 72% 71 I 71% 71%
I Do pfd ! 105 100%
lOOlAurtt Snuff ISO |189 |188 |18ft
| Do pfd i ' [103 186
200 Amer Sugar 110% 118%(IU 118
EON Do pfd' [116' 1116 1116 118
[Amer Steel Form.i | I 36 I 38
eOOJAmer T & T Co.. 132%; 132 1131% i:.2**,
600;Amer Tobacco 281% 281 |281%1282
! Do pfd I I 1105 105%
Amer Woolen i I I 1"% I 18%
i Do pfd ! I 77% [ 79%
I.3oo;Anaconda i XT% 36%) 36%[ 36%
lOOiAtlantic Coast L..! 129 129 [128 12»
2.6001 A X A S F liß% 103 .103 [103%
500 Do pfd 101% WIK 101% 101%
2.700 B*ll A Ohio 1102 101%|101% 101%
Do P f,i I I 83% 54%
600;Bethlehcm Steel..l 37 36%! 36 36%
' Do pfd t 83% 67
300|B R T I 90 89%| 89%1 90
2,loo|California Pet...i 55% i 5.) j 56m» 55%
s.Boo|G.inadlau Pacific.. 237% [235% 235*% 236
2.4(KiiCbino Copper 41%| 40%1 41 41%
500|C ft O I 77% 76%! 76% 77
|C ft A | 15 17
200[C G W I 16% 16 I 16 | 16%
2001 lx> pfd | 32 31% 181 %i 83*14
lOO'c ft N W 135% 135% 135% 138%
, I.OOO'C MftSt P [UO% 110 110 110%
I Do pfd |.... [136% 141
100 Central Leather...! 28% 28% 28 28'%
100] Do pfd i 95 95 [ 94% 96
[Central of N J.. [353 3<io
lOOjC CCA- St 1.... 53 53 J 52% 53%
3,SCO!CoIo F ft I [37% 56%1 36% 36%
Colo Southern I 29% 30
| Do Ist pfd.... [65 70
i Do 2d pfd I 0» 70
400JCon Gas !137 136% 138% 138%
9Oo.Corn Products...! 14%, 14% | 14% 14%
1001 Do pfd [ 77 77 | 76%| 77%
|('rex Carpet | I I 78 |86
Del & Hudson | [161 [163
[D L & W J415 |420
jD ft R « 1 20% 21%
I Do pfd [ I 37 3ft
400. Distillers' Sec .. 19% 18% 19 19%
'Duluth S S & A.' 6 8
| Do pfd 13%! 16%
2,9oo|Erie 30% 30% 30V 4 j 30%
300! Do Ist pfd ... 47% 47% 474 48
Do 2d pfd 37% 38%
SOOiGeneral Electric. 141%j140% 140V*|141
SOO,Great Nor Ore.. 38 37% 37%) 3*
2.300] Do pfd 128% 128% 128% 1138%
8,00010 F Con 2% 2% 2V»| 2%
OOOilllinols Central.., 124% T24% 124 [124%
1.200 Inspiration | 16% 16% 16% 16%
Inter Harvester . 1 111%j111% 110%j112
3.loo!lnterboro-Metro. 18% 18 18 I 18%
l.:*O0| Do pfd 62% o.**% 62%j 62%
200ilnter Mer Mar.. 4% 4%! 4 4%
! Do pfd I 18 19%
400 Inter Paper 12% 12 | 11*4! 12
Do pfd | 46 47%
400|In<er Pump 14% 14 13% 14
800j Do pfd 61 59 58 j M
[lowa Central SO 12
! Do pfd 20 25
SOOjK G Southern.. 25% 25% 25 | 25%
300] Do pfd 60% 60%) 59% 62
S.OOOjLehigh Valley .. |160% i 150%j160 [180%
700, Lft M '2244 222% [223 224
! Do pfd [114 '115
iP Lorillard Co.. ] 193% 198
I Do pfd 114% 115%
300IL ft N '138 137 136 137
JMes Central ...I I 23 24
l.Uoo,Mexican Pet 1 73 | 71 %! 71% 72
[Minn &St L...1 [ 20%j 23%
Do Ist pfd 44 48
10o:.M St PftS S M 138 138 136%i138
f Do pfd ,145 183
Mo Kan ft Texas 26% i 27
100! Do pfd ! 61% 61% 61% 6-3
600]Mlami Copper...! 22% 22%! 22%! 2:1
4,ooo;Mlsso U ri Pacific..} 41 40%! 40%! 40%
National Lead... 51% 52%
! Do pfd I 1105% 108%
lOOi National Biscuit.'HSU 118% 118%123
i Do pfd i | [118 123
2,4oo[Nevada Cons J 17% 17% 17% i 17%
JN V Air Brake.. [ 75 79
5,400[N V C«ntraL... 107%|106 108% 108%
IN V C ft St L.. 65 58%
Do lit* pfd... 97
Do 2d pfd , ! 80% 90
10ft[ N V Out ft W. .1 31 Ui 31 % 31% 31%
J.IOO! Norfolk A West.' 108% 108 108%
! Do pfd ..[ I ! 87 92
North American..' 80 [80%
1,900 [Northern Pacific.'llß% 118% 1i5%1119
lOmaha I .125 11.3*5
! Do pfd I J 150 !160
200 ra.-iflo Mnii j 28 27% 28 I 29
2OoPs<- Tel & Tel..! 39% 39% 39% 40%
7.900 Perm R R Co. ..'119%!l19 110%'110%
l.'JOO'People'g Gas 113% 111% 111% 112
I.2oo|Pittsburg C0a1... 22% 21%! 21% 22
400 r>o pfd 90 | 89%1 89%! 90
200;P C C ft St. L.. 100% 100% 101 !104
I Do pfd t ! 100 ]115
[Pressed Steel Car 1 32 33%
| Do pfd 1 99 iIOO
1,900 Ray Cons 19% 18% 18% 19
IRy St Spgs C 0..! 31%! 32
! Do pfd I ' 98W100
56,700; Reading |163%!t61%i162%11R2%
Do Ist pfd ! 91 ! 01%
I Do 2d pfd ! 91 91%
1.0OO; Republic S ft 1.. 26% 25%( 25% 26
260 Do 86% S6%| 86% 87
2.ooo'Rocfe Tsfand Co. 123 22% 22% 22%
5001 Do pfd 41 39-4 39% 40V4
Mmßmaley ! 84%1 81%' 81% 82%
fiOOl Do pfd I 95 !94 | 93%! 94%
900[Sears Roebuck... !202%!202 [200 1204
JSloss SSft I Co[ 1 40 45
I Do pfd I 91% 96
StL&S F Ist pfd. 58 60
200 Do 2d pfd I 27% 20 27 28
!St Lft S W j S3 35
I Do pfd ! 73U 75
27.600 i Soutbern Pacific. 1103% 102% 102% [102%
600; Southern Railway! 27 26% 26% 26%
! Do pfd I TB%| 80%:
SOO Term Conner . ..| 34 Vi 34%! 34 I 34%
700"r>xas Oil 1118 117%|117%!1I8
380 Texts Pacific 20% 20 19% l 20%
I.SOo Third Aye j 3S 37 37 37%
[Toledo St Lft Wj t 11 13%
! Do pfd | 261*,! 28
(Twin City R T..1 105%'108
400! Underwood I 97% 96 95 W 96%
70O]Unlon B ft P I 7%t 7 6% 7
42,7001Un10n. Pociflc 1159% [157% 157%!157%
60O| Do pfd I 89%! 89 88% 89
l.ooojUnlted Rvs Inv Co! 1 27% 28
700 j Do pfd 57 ! 88% 54% 55
lOOiU S C 1 Pipe.... 17% 17% 14 17
I Do pfd I ' 55 60
5.2001U S Rubber [67 ! 65% 65%! 66»i
400 Do Ist pfd !106%!lO«V. 106M 5 !106%
5001 Do 2d pfd I 80 !80 79%! 80%
77.300iU S Steel Cor.. 63*% l 62%! 62%! 62%
1.400! Do pfd |iaßT<,!loßV4lloß*4 '108*4
2.200! Utah Copper .. .! 53% l 52% 53 153%
400!Va-Car Chem Co.! 35% 35 ' 34%! 35
100) Do pfd 107%|107%1108 jllO
200) Virginia Coal I 52UJ 52 [52 ! 52%
100) Wabash 1 3% 13% 3% 3%
! Do pfd ! 1 12% 12%
400iWestern Union .. 72>>! 72 ! 71% 72%
IWestn Maryland.! I I 43 44
! Do pfd ! ! l 62 1041.;
700IWestinghouse ... 72%! 71% 71 %| 72
IW ft L E I i I 7 8%
Do Ist pfd ....! I ! 27 |28
! Do 2d pfd | i i 10%! 12%
200|Wis C-ntral I 51 I M ! 50%j 51
3.2001 Wool worth [102%! 99% |101%| 101 %
360,900—T0tal shares sold.
"Wllnon'N Views on the Market*).
(From J. C. Wilson & Co.'s private wire.)
NEW YORK. Feb. 11. -Union Pacific has been
tiie w»ak feature of stocks today, although there
was little strength shown In any quarter of the
market. Many traders are against a rise in steel
ou the theory' that the company will most likely
lie dissolved in time, and that there is too much
risk In trying to advance It. Southern Pacific
held its own. The feeling is growing that this
company will be benefited to a prenter extent
than I'nion Pacific- In the dissolution of the
properties. Money ruled firmer, caused by ar
rangements being made for heavy dividend pay
ment* by some of the Standard Oil companies.
Cotton—lt was a dny of liquidation before the
holiday. Late In the day came heavy liquida
tion of lone cotton, which put prires 12 to 15
points below the high level of the morning. Large
spot Interests jtave some spasmodic support, but
they are believed to have sold freely on balance
this week. Under the spur of aggressive buying
hy powerful interests prices may again turn up
ward, especially if spot markets encourage a
rise.
CHICAGO. Feb. IL -Wheat—The market start
ed firmer, as cables came unchanged to a abatle
higher In face of our decline of yesterday. Tne
strength was short lived. bwWtW. as all th<»
domestic news was bearish and the corn market
was selling off also. We can see nothing to pre
vent further decline unless we run Into a revival
of export business, better cash demand or a letup
in primary' rc-.-ipts. All of these are possible, but
hardly probable Just now.
Condition of the Treasury
WASHINGTON, Feb. 11.—The condition of the
United StHt<-s treasury at the beginning of busi
ness todny was:
Working balance, $78,914,055.
In banks and Philippine trea=ury. $34,621,415.
Total of general fnnd. $t47.000.978.
Receipts yesterday were $604,182, with dis
bursements of $1.308.21*6.
The surplus this fiscal year is $5,813,549, as
asralnst a deficit of $23,484,332 last year.
The fieures for receipts, disbursements, etc.,
exclude Panama canal and public debt transac
tions.
« , ».
Mining Stocks j
« . ♦-
Following a risp on the New York exchange.
Goidfield consolidated firmed up and adranced
on the Bush street bourse yesterdajr, tlit stock
I SAN FRANCISCO STOCK AND BOND EXCHANGE"!
Spring Valley and Associated Oil securities were stronger and Southern ,
I Pacific and. United Railroads securities weaker on the San Francisco Stock
and Bond exchange yesterday. Bonds showed a greater activity than the stocks
the business in listed securities being $98,500 in bonds and 729 shares of J
stock.
Spring Valley 4s, which sold Saturday at $94.12% opened at $91.50 yes
terday and advanced to $!-4.62M>, the sales amounting to $19,000. Associated
Oil, which was $42.25 bid Monday, sold at $42.50 on the street yesterday morn
ing and advanced to $43 during the afternoon session.
Southern Pacific first refunding 4s, which sold Monday at $93.87%. sold
down to $93.62% yesterday. United Railroads 4s dropped another quarter,
$5,000 selling at $64".
Sugar stocks were a trifle weaker. Hawaiian Commercial and Sugar broke
to $33.87%, Onomea sold at $32.50 and Paauhau at $16.50.
In the unlisted department General Petroleum securities weakened. During
the forenoon $2,000 General Petroleum f.s sold at $70.25 and $2,000 at f7o.37Ht<
During the afternoon $5,000 sold at $70.25 and 25 shares at $32.25.
LISTED SECURITIES
SALES FEBRUARY 11. 1913
Morning Session 10 Associated Oil Co
Eoard— 125 Associated Oil Co 45 *52,
143 Hawaiian I oral ft Sugar 34.00 145 Hawaiian Coml A Sugar 52' A ' **
$2.fx.0 ("ai Gas A Electric uulTving ss. 96.00 1™ Northern Cal Power Co Con 38.00
$5,000 People's Water Co 55..! 51.75 50 Onomea Sujrar Co H"S!
$3,000 Spring Val Wat gen mtge 45.. 94.50 SO Paauhau S P Co •«** fj-gj
Street— $2,000 Cat Gas A Electric unifying >>s. 06.00
25 Associated Oil Co 42.50 JS.OOO Loa Angeles Ry 5s 10ii.no
5 Oro Electric Corp pfd "3.00 $4,500 Natomas Con of Cal 0s St'S
$3,000 Cal Gas & Electric unifying ss. 96.00 $4,000 Oakland Transit Co 6s I V.''Vl,
$1,000 People's Water Co 5s 81.75 $1,000 Pacific Tel & Tel 5s 100.,_n
$2,000 8 P R R Co Ist ref 4s 93.62% $9,000 People's Water Co 5s Si-Si
$2,000 Spring Val Wat ge-i Tinge 45.. 94.62% $3,000 S P R R Co Ist ref 4s 9.*.6. ■.■?
$14,000 Spring Val Wat gen mtge 45.. 94.50 $2,000 S F. Oak & San Jo*e Ry 5*.. 104.90
$13,000 Natomas Co n of Cal 6s 94.75 $5,000 United R R of S F 4s 22 _A
Afternoon Session $10,000 Great Westeru Power 5s SO.oO
Board— Street— „
14 American Nafional Bank 132.50 10 Pacific Lighting- (pfdi W.JO
50 Associated Oil Co 42.75 $5,000 Cal Gas A Electric unifying os. 90.00
CLOSING QUOTATIONS
BONDS T Dl<l- Ask.! Bid - A«k.
C. S. Bonds— Bid. Ask. Oakland Transit Co ss. 103 — Cal Wine Assn com.. 43 49%
4* quar coup (new). 113% — | Do Con 5s 102% — |E Idu Pont de N pfd. — —
3s quarterly coupon.. — — jOakland Trac Con os. 97% 98 • F>o common IS.I ~
Miscellaneous Bonds— [Oakland Trac Co ss. — 92 [Fireman's Fund Ins.. .242%-4i %
Alameda Artes W ss. — OS joaklaud Water gtd 5s 98% 99 [First Nat Bank of S F. 225 —
As*u--lated Oil Co 55.101 102% Omnibus Cable Ry oa. 10314 — rGeruian Say & 1.0an.3160 —■
Bay Counties Pow 5».101% — [Oro Electric Corp 6s. BS% 98% ; Giant Powder Con 119 l_o
Cal Cent Gag AEI 55.101% — [Pacific Oas Imp 4».. 89% — [Hawaiian Coml & Sug. 33% —
Cal El Gen ss. ser A. - 102 [Pacific Gas & Elec sa. — 90%;ilawalian Sugar C 0... 35*4 —
Cal U&EI gm A etss. — — [Pacific Electric Rv ss. 104% 105 Hotiokaa Sugar Co — 8
Po utifyiug 5s 96% — IPaciflc Light A P ss. — 96%1 Humboldt Savings Bk. — 129
California St Cabl*> os.lol —| Do guaranteed 5«. .99 90Vi Hutchinson S;ig Plant. 16% —
California Wine 55.. 97% — [Pacific Tel A Tel 55.100% — [Kilauea Sugar Plant. 12 —
Ont Cal Traction ss. —- 05 lPark ft Ocean RR 6s. 100 — [Marin County Water.. — —-
City Electric Co 55.. 87*4 SS [People's Water Co ss. 81% 82 [Mercantile Nat Bank. — 220
Coast Counties LAP 5s 94V. 95 [Sac El. Gas ft Rv 5«.103 — [Mill Val ft MtTmSßy.lO.> —
Contra Costa Wat ss. — 100 [Sac ft Woodland Rss 95', — Savings Bank. 73 SO
Do ge:i mtge 5s 97 — ]S Joaqnln Lt ft P 55.100 — ;North Alaska Salmon. 99% —
Edison El of L A 3s. 102% — r Do Cor 6s, series A. 102% — "N Cal Power Co Con. M -
Edison Light & P 6s. 106% ;S F Electric Rv 55.. — 90 1 Onomea Sugar Co 83% 32%
E I duPont Pwdr 4_s — 93U SF.Napa ft Calls R 6s. 102 -- Oro Electric Corp pfd. .2 —
Hrst Federal Irst 55.100% — *S F, Oak ft S J Ry55.104% — j Do common — 16%
Ferries & Cliff H R65.100% — | Do 2d mtge 5s 95 — [Oro Water. Light ft P.IOO —
Great Western Pow 5s 86% — 1 Do Con Ry 5s S3 — [Paauhau Sugar Plant. 10 %--
Haw Com] ft Sug 5*.101 102% SJ & S Clara R 4%5. — 90 ;Pae Aux Fire Alarm. — 4%
Honolulu R T ft L 65.106 — [Santa BarbaraG&El6s.loo*ilol-VPao Coast Borax pfd.loo%lol
l,ake Tahoe R& T 5«. — 97 .Sierra Ry of Cal 65.. 92 _98 [ Do common SO —
I-ong Beach C Gas 6s. — 101 [SPRR of C 1 c z ss. — 112%iPa<it*c Coj<t Casualty.l2o 1.-.8
I.os Angeles Elec ss. 99% — [SPBranch Rof Cal 6a — 125U Pacific Crude Oil Co.. — .*>Oc
Los Ang Gas ft El Os. 99% — SPRR Ist ref 4s. 93% 93% Pacific I.igbt Corp pfd — —
Do Corp 5s — 98 [S Val Wat gen m 4s. 94 94% IDo common 108 —
Los Angeles Rv 55..105%106 r'ni»ed Gas ft Ele» ss. 100% 101 % Pacific Tel &. Tel pfd. — —
Do Corp ss.. * 97% — United RBofS F4s 63% 64 I Do common — —
Los Ang Light gtd 55.100 — iVal Counties Pow Ss.loo — rPeople's Water Co pfd 59 61
1. A Pac R R Icm 55.104% — | STOCKS [Philippine Tel&T Corp 24% 2-,
I. A Pac RR of Cal ss. 99 99%Ataska Packers' Assn. SS% — [Realty Syndicate 133% —
Marin Wat ft Pow ss. 99% — Amalgamated Oil Co. — 80 [Savings In Bk & Tr.200 —
Market St Ry lcra ss. — — |American Nat Bank. .132% — 'Security Savings Bank.33.> —
Mid Counties C.&.FA 6s 99% - ;Anfrlo-Cal Trust Co. ..124% — fl F-Oak Ter Rys.A pfd — W
Mill Val A MtTmß.'Vs.lOO — [Anglo ft Lon P 8ank.154% — |Spring Va! Water Co. 64Va —
Natomas Con of Cal 6a 94% — [Arm shy Co of NY pfd. — 100% Sterling Oil & Dev..1.05 —
Nor Ry Co of Cal s*. — 110% Associated Oil Co 42% 43 itnioa Oil C*o of CaL. 92 —
Nor Cal Rv 5a 106% — [Bank of Cal. V AT.. — — Union Provident Co.. an —
No-- Cal Power Co 55.1f10%102 California St R R 124 — United Petroleum Co.. ■— —
Do Con Ba 89%-- 'Cal Fruit Canners 117 — rl"n*on Sugar Co. -7% 30
Nor Electric Co 55... — 95% Cal Ins Co (par $40). 72 — [I'nion Trust Co — —
Oakland Gas. ."s.IOO 101%jCal Wine Aasn pfd.. 84 — I West Coast Oil pfd.. .0 —
Oakland Transit Co 65.107% — | T
IXLISTED SECURITIES
SALES FEBRUARY 11. 1913
25 General Petroleum 32.25 $2,000 Cal Northwestern Rr 5s 104.00
in Pacific Gas ft Electri'- ipfdi 90.00 $7.000 General Petroleum 6s 2*Sw
200 People's Water 'common) 4.12% $2.<XV> General Petroleum 6s e-"SJ' J
$500 Sperry Flour Co 6s 99.00 $4,000 Western Pacific Ry 5s 81.00
The following are the latest quotations for unlisted securities on the San
Francisco Stock and Bond exchange:
BONDS ! ' Bid. Ask.' Bid. Ask.
Bid. Ask.South Cal Edison ss. - 98 Nor West Electric 30 —
Alaska Packers to.. .104%105% South Yuba Water 65.106 107 [Northern Elec Ry pfd. 44% —
Amer River Elec ss. S5 98 South Pacific Coast 4s — 94Vii Do common —
Associated Oil Ist ref — 92%|Sunset Telephone 55.. — 105 [Oakland Bank of Sav.22o —
Bay Counties Pow 65.101 — ISperrv Flour 6s 99 100 [Oakland Traction pfd. —
Blue Lakes Wat bds.lo3 — [Turlock Irrigation ss. S9 90 j Do common 99 40
Cent Oak Lft Pow 5s — 88 [United Light ft P 6s. — 90 Oahu Sugar JS*^
Cal Northwestern 5«. .103 104 [United Properties ss. 45 S3 I Do Railway H» 1W
Coast Vat GAEI Ist6s.loo 101 I Do debenture 6s 7% 14 lOcean Shore Ry li% —
East Shore Water ss. 90 100 Uniou Traction Co 3s. — 95 [Oak. Antioch & E 15% —
Gearv St Munic 4%5. — 100 [West Sacto Land 6s. — 100 |Oak & Antioch Ry 23 w«
Gen "Petroleum 6s 70 70%|West Mtg ft Guaranty — 108 |Oro Development Co.. 40 43
Honolulu Plaut 6s 101%loi%jWestern Pacific Ry 5s 86% S7 [Orpheum stock 19% 2b
Home Tel So Ore 6s. —- 102%! STOCKS [Pac Coast Borax (01d).206 --
Hunt Land A Imp 6s. — 101 [Alemeda Sugar — 21 [Pacific Hard & S pfd. — 93
Modesto Irrigation bds — 91 August Oil — 30c Do common 14 —
Monterey ft P Grr Cs. — 97% Bank of Italy 125 140 Tacific Port Cement... — TS
Miller ft Lux 5s 90% — Bank of San Jose — 170 [Pacific Gas ft Elec pfd — 90%
Mt Whitner Pow 65.. — 101 % Buffalo Brewing Co.. 60 — [ Do common 60% 61V*
Natomas Dcv 6s 100 — Cal Cotton Mills 67 — iPalace Hotel stock — 80
Do Land ft Mm 6s. 98% — Cal State Life Ins... — 20 I People's Water com... 4% -—
Do 2d mtge 6s 80% 81 Cal Pacific Title pfd. — 100 iPet ft Santa Rosa Ry. 20% —
Nor Cal Pow deb 6s. -- 93 Cal Electric gen pfd. 7SVJ — IPortuguese Amer Bank — 62
Nor West Elec isub«>.los 115 Central Cal Traction. 13% 15 iPoulsen Wireless .... 30% al
Oak ft Antioch Rv ss. 82% — Central N B of Oak. 160 — j Presidio ft Ferries Ry. - - 34
Oak. Ant ft ERy ss. 81 85 Central Trust 116 — Riverside Cement 50 --
Olvinpio Club 7s — 100 Cypress Ijiwn 2% — [Standard Cement — 22%
Oro Water. Lft P G5.100%103% First Nat Bk of Oak.2'M> — San Francisco Secur... 4S 52
Orpheum 6s — 102%[French-American Bnk. 97% — |San Joaquin Light AP 20 —■
Pacific Port CementCs. 99 — [General Petroleirro ... 31% 32% Santa Cruz Cement 39% 42%
Palace Hotel 6s -— 107% Hawaiian Pineapple.. 43 — [Sperry Flour 26 —
Pet ft Santa Rosa ss. 93% — [Honolulu Plantation.. — 30% Do preferred — 100%
Do 6s 94*4 — I Do pool — 30% Union lee Co 35 —
Philippine Tel 5a 83 83% Honolulu Oil 1 1.30 Vulcan Fire Insurance. 13% —
Do do 93 99 Italian-American Bnk. — 101 iWeed Lumber Co — 114
Riverside Cement 6s. .77 79 |Kern Land Co ISO — Western Pacific Ry... 8% 9%
Pan Carlos Park bds. — 60 Key Route pfd 84% — I Wells Fargo Nev 8k.171 174
San Diego Gas ft El 5s — 98V4 P° common — 22 [West Coast Life Ins.. — 199
SFft S Joaquin VSs.IOO 110 Mascot Copper 2% 2% West Sacto Land Co. 65 —
SF ft Nor Pacific sa. — 103% Metropolis Trust .... 70 — [Western Amer Realty. 12 17%
Sierra &S F Pow 6s. — 97% Matson Navigation ...120 — West Metropolis Bank. — 87%
Standard Cement 65.. 92% — Mechanic* Say Bank. — 30 Westeru Meat Co — 106%
Standard Electric 5». 92 — Merchants' Nat Bank. 84 93 Western States Life... 10 11%
S F Gas & Elec 4%5. 93% — Noble Electric Steel.. 15 Western Power pfd... 47 —
Do non callable.... 93% 94 Nat Ice ft C Storage. 52% 60 Do common — 80 .
Santa Cruz Cement 6s BS% 89% j Natomas Consolidated. 16 16%'Yuba Con Goldflelds... 4% —
South Cal Cement bds. — SO | I
■ '
being freely bought locally at $2.15. an advance
of 10 points over the highest price bid on .Mon
day. The st»ek sold up to $2.25 in the east, the
advance being due presumably to the favorable
reports sent out from the mine recently, which
indicated that a dividend would soon be within
the range of probability as the result of the
improved condition of the company's treasury.
The sales on the local exchange were the largest
recorded for some time, and it was the con
sensus of opinion ln Bush street that the stock
would have made a better showing here but
for the fact that traders were averse to loading
up over the holiday.
The big leader of the r.oldfield camp was the
only really firm feature of the southern Nevada
list, trade in the other erstwhile favorites of
the several camps being of small volume as a
rule, with prices showing uo material change on
the day. Tonopab Merger was the only stok
of its "group that received any noteworthy buy
ing support during the day, and it was barely
steady, with the price remaining pegged at 85c.
Tbe Comstocks opened up with a heavy tone
at the 0:30 a. m. session of the Bush street
board, but tbe northenders braced up at the
subsequent Informal sessions, and closed steady
on the day. Consolidated Virginia headed the list
of sales with a total of more thau 3.000 shares
sold. Ophir. too. had good buying support that
prevented the price from goiug below the 31e
level.
Shipments of ore from the mines of the Tono
pab district to the mills last week amounted
to 11.071 tons, the estimated value, based on the
actual gross milling values, being $231,590. The
shipments were distributed as follows: Tonopah
Mining company 3.150 tons. Belmont 3,646. Mon
tana 945. Tonopah Extension 1.075. West End
1.040. MacNamara 497. Jim Butler 450. Tonopab
Merger 220 and Midway 45.
The Tonopah Belmont Development company
last week shipped 68 bars of bullion of an esti
mated gross value of $98.0C0. The shipment was
the result of the final cleanup at the mill for the
mouth of January.
SAN FRANCISCO STOCK EXCHANGE
Following were the sales on the San Francisco
Stock exchange yesterday:
Regular Morning Session
200 Andes 05] 500 Man Big; Four. 85
sf>o Com Fraction. 06( 500 Midway 32
200 Con Va M 29! 200 Ophir 31
20<) ion Va M 30 1000 Oro 08
5006 Dexter 0411000 Rescue Eula .. 12
73 Ilex W Caps. 061 200 Sierra Nev ... 19
2000 Pea W Caps. 0»|1100 Ton Merger .. S5
Afternoon Session
500 Atlanta 1611000 MacNamara .. 22
ion Ca'edonla o*llo9o Man Crescent.. <*4
100 Caledonia 061 500 Midway 32
1-.'(io Con Va M 30| 1000 Morning Glory. 02
4000 Clique vat Con 021 100 Nev Hills 1.35
10.000 Dexter 04 500 Ophir 31
2000 I'ex W Caps. 09| 100 Do, s 90 32
5000 Eagle's Nest.. 02i 800 Ophir 32
100 Florence 41 500 Oro OS
50 Gld ion M...2.10 200 Sierra Nev ... 19
200 <;id Con M.2.12V*, 200 Ton Merger ... 85
1150 Gld Con M...2.15 600 West End ..1.37%
1500 OW Merger M. 28 SCO Do, b3O 1.40
1600 Jumbo Ex ... 31
Infi>rnial Session
200 Challenge 03j 500 Mon Titts Ex.. 15
1000 coin Fraction. 06| 100 Ophir 32
2500 Con Va M 29' 500 Opblr 31
400 <;id Con M...2.15 400 Savage 05
50i> Jim Butler .- 73 700 Seg Belcher .. 06
MO Man Big Four 9t\ 200 West Eud ..1.37'a
500 Midway 321
CLOSING orOTATIONS
CALIFORNIA
Bid.Ask.' Bid.Ask.
Cent Eureka.. 17 —jSo Eureka M.2.50 —
Keane Wonder — 251
NEVADA
Comstocks
Bid. Ask. j Bld.AsV
Alpha 02 03'Julla Con — 03
Alta — 04|Just1ce 02 —
Andes 04 05 Nenttiek Con.. 01 02
Belcher 22 24 Mexican 90 92
Best A Belch. 04 05 Occidental 70 —
Bruns Chollar. 10 12]0phlr .-,1 32
Bmns Potosi.. 10 —(Overman 24 —
Bullion — 02!Potosi 03 05
('aledonla .... — 70|Savage 05 06
Challenge 04 O-fTSeg Belcher ..06 07
Cbollar 02 Ot'Scorpion 05 07
Confidence ... 37 3SjSierra Nev ... If* 20
Con Va M 29 30 Silver Hill ... 03 05
Con Imperial., ol 02! St 1-ouls ..... — 02
Crown Point.. 21 23{l*nloa Con 15 17
Exchequer ... 01 02|l*tah 01 02
Gould A Cur. 03 04! Yellow jacket. 21 23
Hale & Norc. 07 09!
Tonopah District
Belmont 7.90 —North Star ... 20 21
Boston Ton .. 01 02; Rescue Eula ..11 12
Cash Boy 00 10; Ton Exten ...1.90 1.05
Halifax 1.00 1.051 Ton G.vpsy Qn. 03 04
Jim Butler .. 72 73 Ton Merger ... 83 84
MacNamara .. 21 22' Ton of Nev...6.00 —
Midway 32 33' Ton 76 Con... — 07
Mlzpah Ex .. 50 58!rmatilla 03 04
Montana 1.70 I.7s]West End 1.37 1.40
Mon ritts Ex. 15 16]
Goldflel.l DlstrW
Adams — OliOld Kewanat.. 03 05
Atlanta 16 17 ! Gld Merger M. 27 28
Blue Bell ... — 02jGrandnm 01 02
Blue Bull ... 04 05 Great Rend ..01 02
Booth 02 03!Grt Bend Anx. — 01
COD 06 07!Grt Bend Ex.. — 01
Columbia Mt.. 01 02! Jumbo Ex . ... 31 32
Com Fraction. 05 07' Lone Star On. 03 04
Cracker .Tack. — OljOro 07 08
Dmd B Butte 'Red Hills 01 02
• reorganized) 03 04Red Top Ex.. — 01
Dmdfld Daisy. 04 —ISandstorm Ken 01 02
Florence 40 44Silver Pick Con 05 0$
Frances Mhk.. 01 —ISpearbead Gold 02 04
Gold Bar Gld. 01 —St Ives 30 —
Old Bulldog... 03 05] Vernal 11 15
Gld Con M.. .2.15 2.2o'Wonder — 01
Gld Portland.. — 01]\"ellow Tiger.. 02 03
Bullfrog District
Bonnie Clare.. Ol — jTrainp Con ..01 02
Mayflower Con 01 021
Manhattan District
Dexter I'nion. 03 04 : Man W Caps. 00 10
Gold Wedge... 10 11 Mm Hill Con.. — 01
Man Amalgam 04 —[Morning Glory. 01 02
Man Big Four 85 86 Mustang Man.. 03
Man Con .... Oft 10!\r.,iKtang Ex .. — 02
Man Dexter .. 04 05' Stray l>og ... — 03
Other Dlstrirfs
; Atlas Wonder. 12 13'Pltts S Peak.. 60 6«*
Buckhorn Mm. 95 - |Raw Coalition. — 0l
Eagles Nest.. 01 02 Round Mt 88 37
Fairvw G Bid 03 04'Teeopa Con ..10 15
Nev Hills ...1.30 1.40!
] Oil Stocks"
♦ V
SAN FRANCISCO STOCK EXCHANGE
Bid. Ask.! Bid. Ask.
Amal OH ...81.00 —IPaciflc Crude — 45
Bay City .. — 70; p almer 16 -
Caribou 1.05 I.2o|Peerless 300 _
Coal Central 20 —'Republic ... 13 __
De Luxe ... 50 —|Saver Dongb. 1.35
Empire 5Q — iSllver Tip... 50
Maricopa .10. 33 --'« W A 8... 17 20
McKittrlek.. Oft Turner 1.20 125
Monte Crlsto 77 80, Wolverine .. 50
Vat Pacific. 04 —1
SALES
11:15 a. m. —
50 Amalgamated Oil 82 00
Informal p. m.—
1000 Palmer 1%
1000 Palmer '.'..'.".'.'.'.'.'. \ !i6
LOS ANGELES OH, EXCHANGE
(Special Dispatch to The Cain
LOS ANGELES. Feb. 11.--Trading was rather
slow on the local stock exchange today and it
was nearly closing time l>efore any business was
done. Cnion Oil declined lower than yesterdays
quotations and the last sale was made at 909.
Amalgamated oil was active and sold at
$81.62%. This_ is an advance over the last sale
made yesterday. In the unlisted stocks Pro
ducers continues to be the leading issue, and 40
shares changed hands at $.85. an advance of !
nearly one point over yesterday's quotation. The I
Chlcaso Grain and Provision Futures
(Furnished by E. F. Mutton A Co.. 400 California Street)
CHICAGO, Feb. 11.—The leading futures ranged as follows:
• Wheat— Open. High. l,ow. Close. Feh. 10. Year ago*
May $0.94% $0.1*4% $v.93% $0.93% $o.r>4
July 02 .92 -01% .'.tl% .oi%
September ,80% .00 .'.Hi', .00% .......'.
Corn— '
May moat ..-,'.-(, .5311 .53U ,S«j
■Tilly 541, .54", .53% .53% .54%
September 55', .55% .54. ..*,4" s .."..".-.
Oats— k
May 35% .35% .34% .34% .35%
Ju'J* 35H, .35% .34% .34% .38% ' .
SepOPmber 35 .35 .&% -3i% .35%
Pork— * *
May 20.00 20.00 19.82% l».tf 10 9"ii
July 20.00 20.00 10.V. W.»7 19.00
I.ard —
May 10.7" 10.75 10.«7'., 10.70 10 R5
July 10.72U 10.77% 10.07% 10 72' i 1007%
September 10.80 K'.82% 10.75" 10*11 10 75 A
Short Ribs— -4
May 10.67% 10.70 iO,i:n i0.«3 lOfc-'i
•'"l?" l°-" rt 10.70 in.P2% 10.67% H1.62% .!!!*"!.
September 10.75 10.75 10.07% 10.70 10.67% ... JT,
•Holiday. '■* •*•*■
SUMMARY OF
THE MARKETS
Calling: of loans eansrs uneasiness
In Wall street.
Mexican situatu.u another disturb
ing; factor.
Outlook for copper shares rather
unfavorable.
Pre-hollday celling forces cotton
futures (low n.
Coffee market lacks aggressive
Mupport.
Fairly active trade in local securi
ties.
Little change lv Xevada mining
stocks.
"Wheat and corn sell dona In Chi
cago pit.
Local wheat market quiet and un
changed. .
Dry vt eat her holds barley future*
steady.
Good shipping inquiry for beans.
Hay market somewhat unsettled.
Egg prices tumble on heavy re
ceipts'.
Downward trend in butter un
checked.
Potato market remains stagnant.
Growing scarcity of sound onions.
Another car of grapefruit ln from
Florida.
Trade in dried fruits at a stand
still.
Live hogs bringing higher prices.
Poultry market in good shape for
sellers.
All Exchanges
Closed Today
Business will be entirely aus
pended throughout the United
Mates today In observance of Lin
coln's birthday. All stock and
commodity exchanges, financial
institutions, hanks and large
places of business will remain
closed all day. Consequently there
will be no regular commercial or
financial reports published In The
Call tomorrow.
Los Angeles Stock exchange will bo closed to
morrow. Uncolna birthday. The call:
ProdiMers— Bid. Asked.
Amalgamated Oil Oo $52.00 $82.50
American Crude Oil .30
American Petroleum Co 51.00 70.00
Oa pfd 71.00 76.00
California Midway 13%
Central 1.10
Columbia 77% , .8411",
Continental .25
E>nos Oil 04 .09
Euclid .30
Fullerton 2.66 3.75
Globe Oil .04
Jade 06% .(*>
Maricopa Northern 04% .04%
Maricopa Queen . ::n
Mascot ,80
Midway Northern 09% !ll
National Pacitic 03% .08%
New Pcnn Pet Co " .",1
Ollnda Oil Co 30% .42
Palmer Oil Co |$ .IS
Pennsylvania Midway !.37% . .
Trailers' Oil Co 65.00 71 00
Union 94.75 95.00
Union Provident Co 106.00 106.13%
United Oil Co .--.-, .;;«
West Coast OH Co pfd 70.00
Western Union 75.00 100.00
SALES
Morning Session
5 Traders' Oil $70 80
4.000 National Pacific 03%
10 Amalgamated 81.02%
1,800 United Oil ::.-, "
10 Union 05.50
20 Do 95.25
10 Do <>.*.. 11" ,
20 Do 8
Afternoon Session
30 Union Provident 10*5.87%
20 Do 106. Ct»
2.000 National Pacific I
20 Union 95.00
1.000 California Midway IV.
Uooo Do 13V,
2,000 Do 18%
UNLISTED
40 Producers 85.00
* +.
Grain Market
4 _—, — +
Wheat and Other Grain*
Wheat—Prices in the local spot market have
not changed for a long time, being governed by
conditions np north, where all markets are firm.
Business is quiet locally. An array of bearlsli
news from domestic centers brought about fur
ther declines in the Chicago pit yesterday.
CASH WHEAT
California white Australian, nominal; Cali
fornia club. $1.57% (31.60 per ctl; northern club,
$1.57%(3L60: Turkey red. $1.R7%@1.72%: Rus
sian red. $1.5891.67%: forty-fold, $1.6042
1.62%; bluestem,
FUTURES
No quotations.
Barley—Trading in futures continues rery
dull, with the market still a weather affair.
Sellers are as a rule firm In their Tlewa. baaing
their oplniona on the lack of rain, while bnyers
are inclined to hold off and await developments.
Both optiona closed firm at $1.31 yesterday. Tho
spot market was quiet, as la usually tha ease
on the eve of a holiday, but all grades were
steady at the familiar quotations.
CASH BARLEY
Choice feed. $1.37% per ctl; Not 1 do. $1.82% i
£1.85: off grades. $L27%t31.30 : northern feed,
$1.25(31.30; shipping and brewing. $1.37%_f
1.42%; cheralier, nominal.
FUTURES
11 a. m. Sesaloa
May was Inactive, closing at $1.80%. tAA,
$1.30% asked. December sold at $1.80%.
2 p. m. Session
May and December sold at $1.31.
Oats—Red for seed. per ctl: do feed.
$1.45(31.54; black, nominal; spot white feed,"
$1.40ra ; L55.
Com —Eastern yellow, carload lots. $I.3t>rai
1.31: do white. $1.32<3L33; Egyptian white '
$1.70(31.75: Kaffir, $1.50.
Rye—ls offering at $1.40(31.45 per ctl, _
Foreign Future* "" '
LIVERPOOL
Wheat— March May Ttfys
Opening 7 5% 7 R% 7 3
Closing '. 7 5% 7 3% 7 S%
PARIS
Wheat— Feb. May-Aug.
Opening $1.42% $I.42'_'
Closing 1.43% 1.42%;
Flour, per barrel— Feb. Mar.-Auj.
Opening $6.34 $6.31
Closing 6.37 6.31
CHICAGO BOARD OP TRADE
Future Grain and Provisions
CHICAGO. Feb. 11.—Wheat today eased off*
under the influence of plentiful moisture through
out the entire winter crop belt except Nebraska
and Kansas. The market closed weak. %(3%c
down. Corn lost %<3-He net. oats closed %(3%e;
off and provisions at an advance of a shade to
7%c. with pork Just below $20 all around.
Notwithstanding that conditions of a domestis
sort ruled wheat most of the day. prices at first
were strong becauße India still ne°ded more rain.
Speculators, however, did not wait long to press
the selling, as exporters declared no foreign
demand existed for shipments from tbe United •
States. Ocean freights broke, but failed to alter
the outlook.
Big rural offerings of wheat .southwest stared
st the bulls. So. too. did reports that the flour
trade at Minneapolis could scarcely become worse.
Talk of alleged lack of snow protection had
little effect and therp seemed to he no rallying
power in the pit when the last bell cleared the
Steps.
Corn collapsed on account of heavy receipts.
Revival of exports served only ns a temporary
check to the decline In prices. The WDtSTI that
was the strongest support of the market last
week headed the selling today. Oat* f r 'll with
corn, despite free realizing by sh,, r t<.
Twenty dollars a barrel for pork brought about
much profit taking en the part at packers. In
consequence the provision market broke, but the
prices were again bid up by brokers who had
other product for sale. Restricted slaughtering
due to difficulty in obtaining a sufficient supply
of bosrs formed the basis of the rfS#.
CHICAGO, Feb. 11. —B. F. Hutton & Ca's
wire says:
"Wheat started strong, then turned weak a"d
remained SO most of tbe day. hardening a little
toward the last. Selline has been largely by
local professional speculators, but there ha*been
j scattered seiii-ic, as usual. Domestic Influence
las been prevalent most of the day. hut slightly
higher opening waa due to the Insufficient rains
in India and the comparative firm—as of rhe
Liverpool market. Liverpool ranged %c to ■■<•
higher: all other European markets lower.
Winter wheat belt had good rains over n'ght
I over entire area except Nebraska and Kan-as.
Ca~h wheat h>is been waty slow of sale, and flour
I demand equally poor. Demand for wheat fu-

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