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The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, June 11, 1913, Image 18

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BUSINESS, COMMERCIAL AND FINANCIAL SECTION
18
OIL PRODUCERS TO
FORM STATE BODY
Representatives of Twenty
four Companies Take Pre
liminary Steps
Organization to Be for Mu
tual Benefit of Light
Oil Producers
T\venty : four oil producing com
panies were represented in a meeting
held yesterday afternoon in the Adams
Luildins to organize the light oil pro
ducers of California into an associa
tion for their mutual" benefit The
companies, which are said to produce
in the aggregate* approximately 20,000,
barrels of oil per day, plan to handle
the oil- in bulk and possibly tor regu
late the market;price.
Joseph Seeley,; Turned Oil company,
waa elected permanent chairman ; and
J. W. Pauson. .W. K. Oil ; company, per
manent secretary, j A committee of six,
three each from the Midway and
Coalinga fields,.was named to prepare
plans for permanent organization; and
operation. A second committee *i will
si licit the membership ; and : adherence
of companies not represented in /the
meeting. v x, .•■■■_.."'■-'*..-;•
Companies represented were the' Tur
ner, Calif ornia-Amalgamated. Caribou.
W. X., Vancouver-Midway, M. 1 J.. Mid
way Syndicate, limited; Second Midway
Syndicate, M. ,& ; M. v Consolidated,"
Ethel D.", Record- Alaska-Pioneer," .St.
Lawrence, May's Consolidated, Pioneer*
Midway, Miocine, Canadian-Coalinga,
Pittsburg-Belridge, Pantheon," C.';: EL,
Midway-Premier, Pacific-Midway, Bos
ton-Pacific and Section 20 Oil com
panies.
£'- . . ; 4fc X-:.-■■
MOXKV IX CIIICUI^ATIOX
In a circulation statement issued by
the treasury department at Washing
ton, the total amount "of money'in cir
culation June 2, 1913, is shown. to have
been $3,357,376,710, an increase .over
the corresponding day last year, when
the amount was $3,807,763,3*6. The
circulation per capita is figured at
534.54.
The general stock of money in the
United States June 2, 1913, ' totaled
$3,706,922,873. or more than three',mil
lions less than May' 1, 1913.- The
amount held in treasury as assets of
the government, exclusive; of ; public
money in national bank; depositories,
June 2 was $349,546,163. This is-more
than six millions less than "the month i
preceding. ]
A comparative table of money in
circulation follows: I
?=':' ? :
. -
Xf :
_Tot .XXX . I .";;•!
coin
...'.".. certificates.
silver Standard
..'; certificates.
Subsidiary .. silver.
Treasury of
notes... States
| notes.
■-■■
Wx
:TTx
.-•■
XX.
X . ; *

XXxX:
"Xx

XXu-
'--::::::.
■ .:<
';. : %■■■
■'-"-•'.
■ **.";
I.
l
1)1X1,102,000; .097,587,804' '
72,100,104 "0,801,023
409,191,528 -471,733,141
144,800,243
2,042,800
338,224,047 338,8.35,009, 338,023,218
710,580,087 714,073,580.
frld^il 2 '. $».3W,37fl.710j_$3 1 3lK*>.703.3301

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» * #
SAN MATEO COUNTY BONDS.
Announcement is made by the board
of supervisors of the county" of San
Mateo that sealed proposals will "be
received Monday, June 30, for the sale
of $352,000 San Mateo county'highway,
gold bonds bearing Interest at 5, per
cent, payable July 1 and January 1
each year. *•'• *
These bonds tire dated July 1, 1913,
are of denominations of $1000 , each
and are in serial form as follows: 10
bonds of each year's i maturity ; from
1917 to 1926 inclusive;; 12 bonds serial
ly 1927 to 1932 inclusive, and IS bonds"
serially 1933 to 1942 inclulsve.
* *:- *
SAN DIEGO BOND ISSUE
The San Diego Consolidated Gas and
Electric company has \ applied to the
railroad commission for authority to
Issue $639,000 of its ;-5v per; cent; first
mortgage bonds. The proceeds from
the sale of the bonds are to be used |
to pay .existing indebtedness and to j
reimburse the treasury in the sum of j
$180,000, and the balance lof $459,000 is
to be used to make-the necessary* ex-*;
tensions to the company's plant during
the year. The company also asks for:
authority to sell 3,148 shares of its
capital stock, to.be used for; the pur-"
pose of liquidating, its existing indebt
edness.;
m ■*.* ;\* ; * **.; :
TO ISSUE STOCKS AND BONDS
The railroad commission has granted
authority to the San Jose: Water com- .
pany to issue $100,000 in notes.' The
money is to be used in paying off exist
ing notes in the sum of $46,000, for new
construction in the sum of .$29,000,1 and
to pay the Pacific Gas and Electric com
pany for water rights',on the 'Los Gatos
creek in the sum of $25,000..," ;;; **.'*-;
The commission also has granted au
thority to the Los Angeles; and.- San
Diego Beach Railway'company to issue
notes in the sum: of $28,000, to be used
in payment for Edison storage battery
motor, cars to be used on the; company's
system between San Diego and La Jolla.
The Tidewater Southern * Railway
- company, has applied to the commission
for authoritytto pledge: its h first mort
LOUIS SLOSS & CO]
INVESTMENTS
J. C. WILSON & CO.
HEMBBBS
NEW YORK STOCK CXtIIWGE
m-:\y "YORK/COTTO.V EXCHANGE ,
CHICAGO BOARD OF.TRADE ff
ran STOCK AMI ■ IIO.M) iexchange
sax francisco
. MAIN : OFFICE
Mill* Hiiilriina. .- San.;Francl«co.
BKAXCH - OFFICES —I.iim AtiKflfi,
San Dletto. -Coronado Kcach. Portland.
Ore., - Seattle,>\Yn»li.~,.Vancouver, B. C.
Private; Wire. Chicago," New I York."
E. F. HUTTON & CO.
4JM» California St. • 'I'd. Dourlrm
St. Francis* Hotel .)■ Tel. Douglas 3982
Members New York Stock Exchange
BONDS
ANGLO AND LONDON
PARIS NATIONAL BANK
SAN FRANCISCO
BOND DEPARTMENT
..yX : X. Dealers la Investment Baa da X .
I NEW YORK STOCK MARKET QUOTATIONS |
• •
"*'". 'E. F Hutton & Co., 490 California street, members of the New York Stock
exchange, furnish the following list of bond and stock sales yesterday:
" Sales I . STOCKS jUighl Low I Bid i Ask
j s6.oooiAoialg sCopper;* s^" l \ 64% 61% 82%] jftTlS
2.2iM>,Auiei' Heel '-'1 1*19% £0% !-!{*
.... | Do pfd . 1 TO jBO
15,300IAmer .Can' C 0..:". 23VJ 21% .22% !'-3*l
4.000 ;: Do pfd | 82',, mi% si % * s-'t ■{
'-- 7,looiAmer. Car ,V I'oiv ::o ■■ !3fi% «37% !3SW|
"".-200 iDo;pfd:~.*r;:T;.jlo9% 108 1004« ! 112
;'. * 900 Amer Cotton>Oil:l 30. ( 35% "35% 3G%
XfXxxr. ■'-- Do > pfd.-*;*.";*:;:-.:};.;;*.):*.... W% 92%,
.....:; Amilllde;&;Lthr.|..;..i.....(- 3%1 X4;H;
-. 500 Do ; pfd ID *15«/ 15 . is*.
5,000 AiniT; lee * Sees... 10% 17 ' 18; ; : ;TS%
I,ooo!Amer Ueeeei.... \ 8 ■■■*<»%' 7 •1%
800 >rl>o:pfd.V. .T.vr.j;2l% 20% -20% 21%
',:■. 2,200 ; 'Ainer Locomotive. 28 27 :. 27% 29;;
....... fxV>o*pl&.:::\i:::\'.:":'f. XXX 98 it"-'::^
......'. later Malt ;....*..!....-. ....; 7% 9
....... 'Do pta:..ry:..::.:. I ....-; 45 48%
14,200jAin Smelt "&'R»fg| 00% 58% 59% 59%
**4(KMS; Do 5 pfd /..'•.-;. 98% 97% 97% ,98%:
300 Amer Snuff.'..-.* .*.'. 100 : 138 155 158
........ '.Do-pfd:;."..;;;. ' ..;.. ..... 88 •: 180
,"• 900 Amer SujEfar..*;:;; 107: 100' lOG : 106%
...;...! Do pfd.*.;..:.-.:.:;.. ..;.". no ■ 116%
. 3001Imer/Steel* Pouu. 2:. 25;- 24% 2:. -'.
- 3,200 Amer;Tel & ivi. 126% 125%i12»% 12t»%
300!Amer Tobacco.::": 203 203 [20:t 210
'■'"-' 300 Do ; pfd.:.. 98% 98% 98% :*'"-.
:300]loser Woolen.*.".. 16% 16% 16 'lSt-..
-■ * 2(Htl T Do pfd". .".;;•.:; -.70% ,70?; ,7(1 78 ,
5 5.500 Anaconda: ..'...".*. :2" 30% '32% '32%
, 1,100 Atlan "Coast Line 110% Ml . 114 - 115 v
11.200 AiT&SantaFe; 94% 93 94% 94%
:";'.;■:*.•:" Do pfd.;.'..-.:::j:vf. .-:*.'... 96 ;97.;^;
3,800 Baltimore: & Ohio '91% '90% 91% 01%
...-.v.. r .,D0*pfd....".';.-;; ..;.-. ;.;..| 75 -79,,.
'„'• 2,900 Bethlehem 'Steel."; 27 ,25 25% 26 ,;.
1,306 iDo:pfd...;.;r;. «5% 62% 62% G3'-'1
- 11,500 BR T.V'..YV.:;.-. '84% 83% 84% 85
■ 2,200 Calif sPetroleum.: -30* [18 , j 28% 2' .;
-21,100 Canadian "Pacific 21G% 214% 21G 21;-,
18,700 China Copper..... 33v 30% 32% :32%
0-&O;;v.-.".;.'.;. i 55% 5.'! ! ,54% 55 y<
:.:.x::\c & A.::::....:..:.:. .:.:. : 7 ! 9
" GOO 0G : w :*:'::.. r .:f". j -10% 10% .10% ill X
: . 400) . .Do. pfd..'....... 25 J, S3 23% 24';
3.3001 C&N W :.:.'.'.".: 120 123% 124% 125 n*
• 20,4000 " M & St .1* ... .*'. :."."'.". ..... 100% 100%
.'..;".:. vDo pfd.."....;.. ..... ..... 130 122
2,oOO|Central Leather.'. IS* 17 17% 17%
' -3w|-;Do pfil:.::.:::: i 88% |88 S7 *88%
....... Cent of ;N"J......, .*.";.. ;.".:.'276 , 310^;
380 CCC & St I.::.. 40 , 44% .;.:;. 4". ;
...r:.-. iDo pfd...;".;.-:-. ...;. ..... .:.:: 80
:;3,700 Colo Fuel& Iron. 25% 2)', 25% 2G4;
;;;;;.:p.Dospfd.'.ir;.:.. .. ... ..;;.U..:. 190;»•
': Colo Southern.'.-. .: ...:". ..... *21v 24 '•
....... 'Do Ist pfd..*".".*. I /:.;. ;*;... .og?, 68 : >;
.-;;.•*;•.: 'Do ,2d;pfd.-;;^:;'r;"r: ' .;.*., i 55 * :^x,
1 1 4,4ooJCoasolldatedGas.'. 127% 125%) 126%1 127-.-;
I,SOWC<H*n l > rodncts;'.;. ,8% ;: 7% 7% :7%
506 \h Do '», pfd .*...;:;. 02 61% 61 ft 04,,-'
"X::'X: . . Crex Carpet;:.r.:l;.» ■■";[.'.':' :.\ OS :I7S -.
1,300 Del & Hudson.".;.] 148% 147% 146 lis .-..
....... DL&W;:...... ..... ..... ....-i4OO
1.400 D&■ ll k «."-.'.V. :?.'. ! 15% 14% 14% 14%'
700 Do pfd ...;.". 26% 25% 25% 26 ,
(KK);DIs Securities !10 ;9% 10 11 ;
...:..: Dnlnth S'S & A. . j ..... ' ..... '■ "5% vO,'-'
....;.:JD0 ? pfd...;..:.. ' ;.';.; ! ."...'. 1" 14 --
20,800 Erie ...:......;.. 23* 20% 21% 21%
" 1,000 Do Ist pfd.:.:.' ;86 33% 34% 35 -
' 500] Do 2d pfd.:'..".. '30 •*■■' 28% ■-•7' 28 ,
4.200) OeD Electric 131% 129% 129% 130%
2,700 Grt Northern Ore„ 20% 20%: 25% 20
--23.000 Grt Northern pfd. 120% 115% lis 118%
■■; 1.000:(ioldtield Con ;:.";i 1% 1% 1% f- 1%
1.500' Illinois-Centra!.".. 11l ; 110% 110 .fill **
- I.SOO Inspiration ...... 113 14%) 14% 14%
';2,Goo|lnterboro?Metro;: 13% j 12% 13 I 13%
2,500] Do pfd......'..; 40%| 45 46 f 40%
100 Inter Mer Marine. 2% 2 T^: 2% 3%
....... Do pfd... " ..... 13% l-*:%
.•;■; l,lo«>!lnter Paper...... 8% 7% '7% 7%
100' Do pfd.:.-....:. 36% 36% 36 39 ,
..:.... Inter Pump ..;.. .....;..".'. 8% '8 -;
....... Do pfd......... ; ..... ..... 22's 27%
....... I lowa'Central.. ;.". ! ..... ...".'; .4 - ~:o**-;
....... Do pfd......... | .;:....... 13 13%
S.OOOJK C Southern...: 22% 21% 22% 22%
. 100 VD0pfd...*.....; 56% 56% 50 38%
17.000)I*hlrt Valley.... 147 141% 143% [143%
lOOLlpgett i Meyers. 193 108 190 200 •
100] Do pfd......... 110 [110 : 108 112 ;
-Vlooir.vLoriUardCo..;]lsl 151 '■ :."... 153 J'
200] Do pfd.:.;.... 'l"4 s 103. 100 . [110
1 300 L & N..;. : :.;;;;;1i25%1i26% 127% 12s yt,
gage bonds as' security for; notes which. j
it = proposes to issue ! to ; obtain loans ■up |
to $100,000.* ......Xxxxx-'fy 'X f '■■■■;;, " yXy\.,-
The Torrance Water, Light and Power i
company, has; filed an ' application for
authority to issue 50,000 shares of stock
and $125,000'0f 6 per cent bonds, and
to use the proceeds in purchasing the
water system recently owned by the
Dominguez Land company. '
♦ * •
rWI'IEI.I) RUMOR DENIED "
With the return yesterday of William
Sproule, president of the Associated; Oil \ j
company, absolute denial was given the
rumor "that Canfield interests;? of i Los
Angeles had ;acquired; an?option on As
sociated Oil. The recent'decline in As
sociated stock was * ascribed solely to
the general,condition of the market at
this,time.".' " ,'/.'.. ■ '
RAILROAD COMMISSION '* DKCISIOXSj
Decisions' rendered-yesterday by the j
state railroad commission grant author
ity as follows; 'fX-'-x- ' * Xy
To the Pacific Electric Railway com
pany to construct -Its 'railway .' at grade
across , 14" public highways in Orange
county, for. the purpose ;.of s double
tracking.a portion of its Santa Ana line.
To the Pacific Gas and Electric com
pany to sell, to the San Jose Water
company certain property and. water
rights along Los Gatos creek, Santa
Clara, for $25,000. > %- : l V„ '
Application z of. J. A. Evans to extend
his telephone;system Into certain- por
j tions of Stanislaus county,in ! the,neigh- j
borhood of Patterson. The commission i
finds that:_ Mr. Mr. Evans may levy* an
excess charge of 10.per. cent for all bills
not: paid*; before ■ the 10 th? of: the s month.
The : commission has, dismissed:; the :
complaint of the Erinis-Brown company
against the 'Southern : Pacific (company.
The Enni3-Brown'company complained
that the railroad I had failed to absorb
warehouse | charges at Sacramento! and
to this extent had discriminated against
Sacramento in favor iof Stockton as
such absorptions' were made. ."
-:x . *"*■ ■" * * v.-■*.'■
COMPLAINTS AND ANSWERS
Edwin A. Colby";has filed a complaint
against-the: Southern Pacific company
charging discrimination :•*. in - that the
company sells? round trip ; tickets X from
Lots; Angeles to Redlands and return for
$3,and from'Redlands to Los Angeles
and return for $3.75. He asks that the
rate from v Redlands to Ims Angeles
and return be reduced to $". ~":":,
The Southern Pacific company -has
filed "its answer; to the complaint of
the | Calif ornia; Hardwood J Lumber 1 com
pany, which protested against the rates
on lumber into "southern, ; California.
The ; Southern Pacific company denies
that : its rates are ;unreasonable or■; ex
cessive. Xf x ■ '~ "■' XX- . '■: ,* •■', '" ■", '.; :
;;A number of citizens of; San 'Jose's
east side (district have filed a complaint
against; the San Jose and Santa Clara
Railroad > company ; and ; the 2 San x Jose
railways,V alleging that the defendant
corporations.'- are not- providing ?service
alli the way to Alum Rock,reservation;
that they have never reconstructed; a
section Xof if line -which .was ; destroyed;
that i their., cars are of ' an; old j and j obso
lete pattern;; that; the service -generally,
is inadequate and that the' general con
dition 4of ; the . road;is : not; Such as; is ;re-*
n»*r *<} under the * terms of its ; ; fran
chises. ■■xy.x'yX'x :. XX: '/."' It•";:.",;')
••"A a--'the result of the order ,of > the
railroad .commission■:; in. reducing the
rates between * Los Angeles; and Owens
valley on the,-Southern s«Pacific, ithe
Santa Pc has : applied i for authority to
make.certain reductions into"Johannes
burg and the Randsburgimining district
to meet the cut which the Southern : Pa
cific has -been directed.'to}' make. _ r:
ft ft *
SiyiTE BASK CLEARINGS ;
; ■ Bank clearings in California for May,
1913,. show a substantial .gain! over! May,
1912.V Clearings Kin several of the
larger,: cities " given * in; : the?, table ?here
with have f previously appeared {in; these,
columns,.but are repeated for purposes
of comparison:
■ -A. •.-■ .'.-;..- -. ~. '■; 1913 '.'XXX: ..-■:. 1912 :z>xx
S.Hi j Francisco...". 401.3." $207,871 978.51 ;
Lot J Angeles ..".". 108,809.003.14 ■' 99,053,810.23
Oakland .."...... 15.773,844.24 f."X 15,788,211.00
San Diego .;."... 12.089.087.82 10,100,590.00
Sacramento ..... 8,518,702.5:1 7,132.219.38
Fresno 4.015,414.00 4.0.12,104.00
Pasadena ....... 4,844.396.39 3.936,882.33
Stockton ........ 3.379,910.33 3,403,709.57
Ran Jose... .*....: -" 2,537.902.87 :2,490,997.53
Bakersfleld ...... - 2,496,699.51 2,032,795.08
Total ....;..:..$377,311.030.89 '•} $350,507,805.18
LOCAL HANK CLEARINGS,
Local bank * clearings reported yes
terday by the Clearing House associa
tion were $7,359,550.76.; . . .
r V Clearings .In * Northwestern ? Cities -
1 PORTLAND, June 10.—Clearings. $1,854,903;
' balance. $197,732. ''Xf-'-XXA .-.:"-'•-",;; '•,-:«.:.•
SF.ATTI.K. June , 10.— Clearings,v $1,763,090;
balance,: $153.712..-''*••'• . -■•
TACOMA; > June .10.—Clearings, ■ $494, - bal
ance,* $85,930/* yXA. :■--■:■ yy.y ;, -. -.- x..A.,-.y
■n~ SPOKANE, Juno Clearings, $630,000; bal
ance. $99,370. ■:'■': yxy , - :xX
Boston -Stocks
y (From E. F. Batten k Co.'* -private .wire.)i!
; i". BOSTON: j June ? 10.—TIM ', market J opened \ weak?,
with' trading - more active ''than'; for a number
of y days, ~. and -, prices « continued 3 to 1 decline Pall;
morning. ?v Calumet ; and Heola declined ilB 'points
more {today.*" North > Bntte was active,"polling off
more than; 3'■ point-. Ot her : stocks were t off } from
large -fractions ; to"; li.J: points. - Boston J*; was
affected >by i the ysevere decline !In •; the : NewiYark;
THE SAN FRANCISCO CALL. WEDNESDAY, JUNE 11, 1913.
Salt's I If! STOCKS j|ggj might; Low I Bid Ask
Mackay 1 TfTf. 1 'TffTt j |77i»jj;S7fgi
>^T^*^|si>oil >fd.-rrrr*:'rr. rrr.T 1 rr?:~. 05 % 167
Mexican Central..j il6Mt ? 1G« ! ?I.*>-? I'ltiyv
g|2,7ool.Mexl Petroleum;-.. P 09% | iOS?; 57%^jCO*i4}
'j'ttvrvtiMiiin &*st-i;.-.v:.-.]..;. . .:-.. .j'12?: i i 1- '.a
iTfrt^:liaDotlstipfd*.'"^t i .*if?' , . v :'. ...'.'. ; '.'KIM i
2OOIM St P fr S 8 M 118«jn8«ill7% 118 M
toy Do pfd..;....:-: l*i")', 4 i.'tr.Vi 1-7 ■ 130
2,000jM0 Kmi & Texas 18% IK»4 118* 118%!
, ' (KTOp; Do" pfd:;'."..'..",". «r>4». !.>2t? 3 54*t Issffi*
% 1,000 Mi ami jf Copper *t: 20% |201 20% [MSI
I iIIUOO Missouri fi Pacific.. '27« 25% 25% 2.".%
£**..' 4OO National - Enamel. 9% '■'■■■ 0 ■"•' '•>'- 10 •■•"-■
i (National Lead;:*: ;fv.-. .:::: 43% 45' i
:,:':100 Do pfd.*.*:..*.'.':. 102 ».J 102% 100 102 teg:
* * : 300 National:, Biscuit.. 108 ~s 104% 104% 168 88
; -.'..:::. Doipfd;:.:.v.v. x.rX '::T:: 118 116&]
> 1,8001 Nevada * Cons TTfT. 14% 13 •■; 13% frr::%
....... |X V Air.Brake." ".. 88 63
8,000 X V ; Central ft**: ;97% 08%1 '. r '**\ o*%
■:X:X.:i i NiV.-C & Stihf:: :."::-. :":•• ~ i 01.- ,'•*'> •. ;■,
*rrrr?r. i '"Do'i«t pfd.-.i* * rrrn :?*fr. ! 185
-.-m-fr: I *,' Do 2d pfd rrrr: ; rrr?? isow i rrr*q|:|
!.:.OuiN YNrn&Ulart 1033? 101% 102% 102% 1
".■• 2.300 NA' Oat k W... 28% 23% 125% 26% '
4,000} Nor & Western."". 100*4 08 '■■ ;,! "* 90%
! X.xxilx Do pf.i j . ... SO :88
' 'GOO North-- Americas., j '02: 00% 01 i »>4
28.500|Xortbern Pacific.. 108% 101% 103% 103%
;:t. ::. Omaha ..-.:. i 115 Rl4O .*
.*.:*..•.*. ' i,i)o«prdr.':..".-... '• • ■■: ..... 135 1-10
1,,".00 Paeilic.'Mail.:.:.". 17 ; 16% ; 18% 17%
X- * 860 Pac Tel k Tel... 124«4 23% ?24% 25%
' ■ 14.500) Pcnn X 8.C0..".: 107% 106% 107% 107%
-:i,400 People'SAGas..".:: 108 104, 105 • 105%.
800 PittsburK C0a1...1 15% J1 "•-'"■* 14 ; 15 -.y
886 Do pfd ...... 175 73-% 72 i 74 v
100 <' C& St I.:. 80% 80% 86 .92
;..:..*.-,. Do; pfd.t.'....*T. I if::: tV.'V; ;96;; 115 ;
800 Pressed Steel ; Car 20 " a 1M... .'19% '20 *..-,
..■'.'.-... I *.: Do rnfd.'■.'....... ' .■::;; .;... i 88 <- ;o2\;
-4,700 Bay? CoaAfffffff: ?lGt 15% 15% -10',.
*.*,s£QOßvsSte.'USpSs;Co 2.3% 22% 22% 29 ,i
. 500 'Do pfd ;'........ ,02 » ; 88% 91 97;
lo2,BooJßeadtn* .*:*:::.:;; 154% 151% 153 153%
. 300] *-Do Ist pM .r;; I ; 89% 84 84 jBG ••
....... ! ':Do;2dipfd:.;:. j :'.*-:*.-. :.:'?. 84, 86
2,500 Republic H.Si 1.. 19 : UO*' 17% 18,
: 1,000 D. pfd.....'.'... I 74% 72% 72 ~ .73;
--':7,000 Bock sisland C 0... ,13% . 112% 12% "13*.r
x 3.300 Do pfd.';..;.... 23 20% 22 - 22%
! .;:;*.*: .jßnmley **.T.*r;".T.'.*; I .".;.': | ;..';. 20% ?23;p;
--•:*.•; 300 Do pfil :;.'..".'... 43 42% '40:, 4.. y
4CO|Sears-Ro«'biickj:;.".. 158% 157% 157% 100.
200JSloes 8S& ICo 25; 25" 23 -*'" ■■
X...::.{xiio pfi1......... ..... ..... [83 «
t.'.'T.*'.. stD:&.spiist pfd /.:;; .*:":**:". 'ii* ;io'"'=:
. 900 *:Do"2d;pfd.."..: * .7% 0% :.7; f%
...*;... at Ij'&'SW.*'.:~. ..... ."...-. m ,27%
'..:.«:...:Do*: pfd f;;.:;;.. .'.";'.*. :'•*:*':'; ifisA S7ojf
-15,700 ! Southern J Pacific.". 91% "80% '90% 01
:T.,500 Southern i Railway -20% 18% 10% J2o||j
'" K . : -'..."C(tof' ! *Do'-spfdf:".';.":*;.'. -tax 72 ■- I vi.- -74.,
' ; I,MOO)Tennessee Copper. | 30% 20% 27% -28.-
--2,200 Texas* 0i1::....".. 07% 88 I 92." 90%
400 Texas Pacific ... 12;. ill.* 11% ,12 -y,
■'"''•'■ 200 Third Avenue .... 28 ; : 27% 27% 98
....... Toi St Louis .V \V :.".•:. ..... I-7 v .8%
....;v: Twin City Rap T. .'..:. :..:: 10l 102; y
. *-300 Union Bar * P... 4% 4% ■ 4-.x ;4%
81.300 Union. Pacific..'. 1 . 1 . 141% 135% 139% 130%
1.100 -Do'pfd.r.%. ;.».],• So v 79% 79% 80
■ 200 United" Hys Inv.. 17 17-10% 17
' "'3OO Do pfd....:.... , 31% 31:; ' 30% 31
I ....... :i; S CastT Pipe. .1 ."..".. ."..':: 9- 11
1 ....... :Do pfd;.......; ::..': ( 42 .v |51).- $
" 3.100 UJS: Rubber...'.;. .54% 88 : 54% 55%
, 1,300 Do Ist pfd..;.: 99% 88 98% 88%
:.;....; Do 20 pfd..'.:*.: ..... ! ..:.- 70 90 :
150.000 I' S Steel Corp.... i 52 I 50% 51% 51%
7,000 "D0pfd..:..."..': 1 10.3% 1102% 109 103%;
21.500 Utah Copper ; 43% .39% 40% 40%
I.soo]Va-t'« - Chemical. 86% ,25% 28% '2ty
' 200 Do pfd;.*;:....: '98, [97 - ! .99-102;;
I .".".*:;'.' Wabash>;;:."..... ;';..: ' .*:.".. ; -;2% - : .2%:
. •'. 2WM*: Do ;pfd..*..*. ..'.*'. ii' : s j i ? '-7 '- 6% 0%
200 Wells Fargo Exp. 11l : 110 110 •. 115;;,
2.500 Western! Union..". [59% 88% 58% ; 60«
1.300 Western Maryland 33 j32 3.3 » '33%;
....;.. JDo pfd..:..;.".. :.;.'. ;:... .51 .ss,..
2.9oo!Westinghouse ... 54% 53% I 54%H 55
I .....*.., W.'&:Lafie;Erlc", ::.:: ir.:.: :>*x * 5
.....;. j DoUstpfd..... ..:.. ..... '14 ; is
....;.; ' Do 2d i pfd.: :-:.x ."::.. ..:.: .--ax :-9X;
r : 200 Wisconsin % Central \ 42% 42;' 42% 48 , y
I.9tX>! Wool worth ';;*;. T. SS ;ST ; [88 '89 ;';■
I 884.800 total; shares sold. 5 ;-"' : 2X2 ~X'x-2- Tiff"; X
market. Large ? copper .i agencies 3 have so S far • re
fused i- to; respond -Hoi the •• pressure on "t, securities
and ? are i still»asking j 15% era 5 pound | for electro-,
lytic copper, 1 delivery ,J 301 days,* but this I asking:
price. is 1 merely; nominal, as ; big ; buyers | are j doing j
nothing. During the. afternoon f there were good
fractional* rallies in ' many issues. .-.Boston and
Maine; patted Its dividend.*-*'. '-* ' **' - f
.:..!*.:;.;. Rid. Ask. *" -yX '.* "', ~ Rid. A«k.
Adventure XX:'. »1- r X I Vti Shannon r -.-. .*.'.;■ 7% 7%
Allouez - ..... 21»% M - Santa l'e .... I A 1%
Arcadian X.X,*;i 50 :! 90 United Shoe.. 42%* ; 42%
Ariz - Com ..2 5-16 2% : "Do; pfd* '..*:;; 29% 27 ;.
Alaska ..... .0% 9% Super ,;&;Bost. ? *l%i-2. : "
A P........ 2% 2% Super Copper. 23 23%
Do pfd ; ". .16%— * Tamarack ' ."."• ".2 21 -*■ *22
Balaklala ... 1% 2 Trinity ....:." 3 73%
Cal; & Ariz.. 67% 57% U* S Mining.. 35% 35-%
Cat?&; Ilecla.4fK» 420 j '". Do pfd ..."*. 40 * 46%
Centennial f:: : 10 ; .11.. Utah . Apex .. ; . 1% £* 1%
Copper Range S3 } .';;> [Utah Con ... 7% R .:,:
Daly; West ... 2 2 7-16 Victoria '•>. ."...—• 1 15
last Butte.*.: it', 9% Wolverine ...41 43 :
Franklin ..... 4% 4% Wyandotte r . .-75 00 "
(*ranby-;:T.t.".' T 52% s'. i- Winona x ...... 1 11%
Hancock .... 16 ; 15% Greene "Can:. '">-.5%i;5%
Helvetia j ".*..": 25 AOO j ;Glroux :..:*. 19-16 1%
Isle; H«.ya;<'.. 16% 17% Ray f Coal : .**. 16% 16 y
Indiana-, .'.tv. 7/ „7% Algomab .... 23 * - .';." .*;
Kerr Lake V.'. 3T;f 3% 'Boh j& >* Maine. 54 % ■ 53*,nj
Keweenaw/.*. I%' "1% Bos & Albany.l 92 —tr;
Lake I Copper. 8% '0- Bos Kiev .;.*;:Stt%iß7%
La r Salle .;: 3% 13% United 161 151 %
Mass Con ... 2% 3 Swifter.': ';:".: 101 %102 -!.;:
Mich Mill ... 90 -• 51 Old 1 Colony (*;*;' 3% 3%
MobawK .... 41 vr. 41' Mayflower ...<•■ 6»i
North Butte. 22% 23 Zlncijtv.:"..:: Vf lf»»ij20»- ;
Nev.- Con ... 13*; 14' sßutte & Super ;-JlO%
North 1 ; Lake..;. i 1% Island; Creek;*: 43% 45%
Did; Dominion 42% '"43% Dopfd : .... 90% 93 .:
Osceola* .;.'.; "7H;;i 90 |B N ,-. .V.;: .50 98 •'..'-.
(Midway -.:.. 80. 51 I' X .:...."..- 1<i%;16%
Qulncy ...... 56 57 | -.
New York Bonds
D 8 ref reg..loo '" 'Japan 4%s V:"iffXffX 8.". ?-i
A.-Do i; coupon ' ...'.IOO , KaniCltv.-Sojref.'Ss 9C',;*
Do SB reg . .103 L. Shore deb 4s, 1031
IK> coupon, ..•*..103 h'fk N" ' unified s 4s. 93%
Do 45.; reg ..... 118% .M. X: & Tex Ist 4s M xx:
' Do '■coupon-;.'.. ".".114 ;]w Do gen '4%».":'!. .783%
Panama 3s coupon. 103 •: Mo £ Pacific K4s.TnTj 64%
Al-CUal Ist 5- ctfs 49* i 'Do cv as r.'.*.*::. 19%
AmerVAgrlcul ss; 99% N* R of Mcx 4'•■.«. 80 v
Amer TAT cv ; ? 4s;97ai N? I C , gen 8%a.. 88%
Amer 'Tobacco, tis.ll."*> j Do deb 45:..;;:;87%
Armour >4%5.;..; 89% NY.NH& Hcv 3%s 75 ■:
Atchison <gen 45.'.: 92% Nor &.W.lat con 4s 91 Mi
Do cv 45., 1960.. 94 ' Do cv 45."...;. 103%
X Do T cv ' . r )S .'.*.;.*.*.', 98% N„r Pacific 4» .... 93%
Atlaa 0 D Ist 4s. 99% f:Vof3s ; .:".': XXfXA 63%
Bait & Ohio 45.. 90 OS Llne;.rfdg*4B; ; ;BS;'•;'
*": DoIS%S ...'. 88% Pa , CV; 3%8," 1915.. 8614
Brooklyn «Tri cc ; 4s; 84 % Pa * con J 4s .*".".' ;*r.' .*: 90%
Central of 55..102 1 Heading gen 'i 45... 92%
Cent Leather ss. 92% St h&S Ffg 4s. 68 •'%
("lies & Ohio' 55.. 64% Do gen 55......' 55%
;'Do ; con ; 4%5. *.;.' 82 .- •■ St 'L . S •.W; con; 4s. 78%
Chi i & Alton • 3%5. 55 f. Seaboard IS ad \ ss' 67 :;
C. Bj&;Q Joint 94 So Pacific col 45.. 88
Do gen 4s 92% Do cv 4s: 84%
CM& i S4P;cv i 4%5.100% Do Ist ref 45.. 87%
C.BI& col 45." 49% ! SoMtailwav ;55.. 102%
Do *; ref ■;■ 4s -.': .X: 78%' -x Do: gen >45.*.".*"".: .73%
Col "So i r&ext;"4%s.; 91 % Union ,*t Pacific h 45.. 99%
Del & Hud cv 4*. 96 .; Do cv"45...;.:..' 87%
Den: &X 0 ref, 5a OK ;Do Ist &: ref 4s.i 80'
Distillers " 5s %".?: 7"X 50% .■' B - Rnbber s tta.*. .'*. loo.''i
Erie; prior; lien 45.;82H S Steel 2d 55.. 97%
, \:'■_, Do • gen *"4s;*.. .*.: - 68% Va " Car .< Chen i ."is .'*. X 93%
"■- Do cv 45, -i ser, B. 05% Waharb> Ist,text ;5s 48%
Til Con »Ist I ref 4s. 09 * Western . Mil x 45;.;; 7.". '■-
Int Met 4'js ."."72% Westing Klcv^;.ls. f 87-%
lut. Mer Mar 4%5.;57 (Wis Central 4a.... ,86%
I New York Mining Stocks I
-♦-——: —■*-■.. - x■ ■ ■ "■■—u__:——-■■.♦
Com Tunnel atoek , 06[Uttle Chief 03
Com Tunnel bonds ill Mexican S:: :X: :~f."".TM 99
Con ;Va,,:Mln*:Co..;;o5 | Ontario ....;..;.;;; 2.00
Iron Silver >":: .... 1 .OOJOphlr ............. 10
Leadville * Con . ... .'■.: OOJ Yellow Jacket •• .... ■*-."' 15
New York Curb Stocks j
|«: ( From K. F. llntton :& I Co.'s * private wire.* %*■
j; NEW YOHK. June' 10. Outside?marketiwis
active and* weak :■ today. ;'United'; Cigar Stores
was ; beavily a traded In," selling '.;. down ja "i little
more than >; three f points, but sj there .was little
rally 2at .*• the I close. £ ;'. Coppers $ also 1 did ; : a fairly i
large I business, *g« North I Star J, was • strong at the'
opening, selling sup to 75 rents, butt. toward the
dose It sold off slightly.
, Bid. As!;. . Eld. Ask _
Alaska .v...' - »%U9% M..tit Ton .Xx ltt'&iu-
Anglo Oil .. 16% 17% Jlizp.ih.Ex .. 45 BO
Belmont . .-■ '*> 0 1 ,* Moutg Slid.... 02.-04 '*"
iiraden Ooppt 6 , B%jNe» Hills ... 80 92
■ Do *Oh :•;... tap ■ 130 * Nlplsalog .... S &t.'
BrsAm#Tob.""Jl»%|2o}4 Ohio Copper. 18-18 31-10
British Col. : '■; ITs VA Pac, G&E? com 47 *40 5 V
Butte &. X I *%,> **"% Do pfd .... 88 ST
Chi ' Subway.. 'J :■•■- ?,% Kan, Toy .... laMaoli
Clueft-Peflbdy 43 4s .Sioux Con.. 2 4
:■■•-.■ Do, pfd ... »2 ■> «.i7 •:. (8 *.W Miami.. 5 8
Colorado • .... 10 12 (So Utah .... 14 - i\r,
ConsrArli^.'..s-10 7 ■ Oil. 'TX*Js&&m
vis': Daly.. l 7 s 2Vfc] »«x \ subs '.; .343 347 "* i
Dolores .'.":;" 2;-xf-4;- f ;Do';CaU. 184 108
HI Kayo 1 2 . Do'lnd . 800 317
Ely-Oon 8 S Do Kansas. 2ssl 270 X
Xl Paso .*.:.. -lllii 4; I : : -:DolN|y.* a .*r.675f 885 S
Emerson .... 20 29 .Stewart ; :'. : r. , 14 1%
«Do|pfd .*..:»(» 90 Tobacco> Trod. 100 115 «
first Nat ... 1% 1% Do pfd .... 80 £* 85$1
Fraction .... ••« 4 . Ton "of , Nev.. 4% 5%
Florence f.T.. . 85 51 Ton j Ex.-.'. 115-182 1-16
Oiroux ...... 1% 1 11-16 Too Merger... ,'64^rE66P'. :
Old Daisy ..3 4 iTri Bullion... , %%z.Y*
Old |;Belmont; s . 3 " .V. [Tuolnmne :.:■." 2 2 3-36
Greene Can.. 5% C Un cig Stores 79*4 79%
Halllnger ... 15«'16- [United Copper fea96lWqi'
Halifax..... % 1%) pfd.... .*!. ft-
Iron Blossom.l3o - 140 , ; IU S Light... 7% H%
Int 1 Rubber .. 1% 9 ',- 'West Facfßy. — «aP6#
Jim Butler .. M*6BjDo 55s .. .", 72 74*
Jumbo Ex, .. 22 23- West -Pow pfd 40 T45
Kerr Lake .. 3 . 314 "Dotcom ... 33 10
Keystone .... 1% 1 1 ?i West;.- End V'^rfp.l-Sl.lU 1
La Rose .... 2 2%jWettlaufer f-." 10" J2
Lehigh C0a1..185 105 Willys « Orerld' 50 00 M
Manhati Shirt 50 ,'.: 60 - , | :-' Do -- pfd .... gsM-Mffl
ffl* Do dfrrvr9o 103 S [Yukon rr.-ft'Tt^ZStKSH 1
Man Transit. ;It-4:S;U4 Prairie; oil ;.2R5»2955t
Marconi 4 ti H Vacuum'- 170 175
Itaaoa Va! .. 5 5u,;r0,,i ou ... IROO 1050
liar; Oil ... m is. : rub See ... -_ 30
McKinley.l 11-10 1 33-16 iDo notes .. 75 77
; Miami ...108 173 Atlantic S ref..075 685
Mines of Am 2% 2\\ 'f^fewP
. i - --. .. . . ".-•■ .■■.-'.■•■'•-:>■ -■ ...... -; : -- > .'.. .•-"
SUMMARY OF
THE MARKETS
Liquidation in .• New York stocks
continue* unchecked. ill
Rate decision cauftes added uneasi
ness and realising:. *-' : *¥^t!^l
Confidence lin Uoston coppers still
•■'•■:;': lacking;, y. X.:
Further .substantial gains in cot
ton futures.
Local bond fiat continues gener
al ly weak.
»vv low level reached by Western
Pacific ss.
Aaaociated ; oil also make* new
low records.: T-VX'': •' X'X2fX&M&
Nevada mining shares generally
heavy.
Free .selling sends wheat down in
Chicago.
Wheat ; quiet . and rather easy;; in
H local t market.
Spot barley dull, with prices bare
ly .steady. \-& x
December j barley sustains another
flight loss. ;ft*j.i
liny market showing a little bet
ter tone.
Demand for new. crop alfalfa con
tinues heavy. 'mSSmSS^Sm
Butter firm at; the familiar quota- .
tions. -fXXxX:XxX-':f-' : -' :: X':f y-Xx'y
Egg market shows ; evidences: of
'*«; easiness. ,;
i Fruit ; market overloaded . with ap-1*
..■tricots.*'. :'•' ** ;' „--- X'• '. -."
Prices for vegetables gradually *
<;*i settling. *■ * .;■"*'.'.*,. "" ,; • ', -
Stocks of : evaporated apples * well;
' cleaned ~; up.
;Prices 5 for new crop prunes slight- i
'.;", ly higher.) 1 * ; ; v :; .
Quotations *;- for beans ; revised ' up- £
; : ward. -
i, Poultry market well - supplied - and
BARGAIN HUNTERS
INVADE MARKETS
(Special Dispatch to The Call) ~
NEW YORK, June 10. —Bids will"be
received' until June by; the city comp
troller of Minneapolis, Minn., on $852,
--500 4 per cent bonds for municipal im
provements X and X $40,000 iii MB* per cent 1
library bonds. All issues? mature g 10,
20 or 30 .years Vat; the ■: option of pur
chaser. : : i'xXxfX'X':' *".;.";'' ";•■;-' ifxXf'TTT
Interborough Rapid Transit company
has I issued the 3 formal call for "payment
at 05 November 1, at X the » Guaranty
Trust company,*^ of its total issue of
first v- mortgage -5 ; per cent bonds, due
1952. There are; $33.9511,000 of these
bonds mi' the hands of the public, the
balance "i of S the > $55,000,000 authorized
issue 'i neverJ having been sold.
This calif is fa: step 1 in connection with
the new financing; of £ the ilnterborough
Rapid Transit company, which has been
underwritten to the* amount of J $170,
--900,009, to be spread < over four years?
The first year's block of $78,000,000, to
be taken a by; the'? bankers prior to De
cember .? 31, 1913, i,: provides for the re
tirement :of i the icompany's, present first
mortgage: bonds. .'*■"■ » -'■"■
:: No 'lessi than ;50,000, shares u of;stock
were;?taken here for- foreign*:account
today. Over the j arbitrage % rail |of '*. the
stock | exchanged London;; sold iM 35,000
shares during the first hour, and Paris
increasedS the foreign"**; liquidation hy
15,000 shares, selling"**;* directly. The
foreign orders were in far ■ greater
amount than on any -■ previous!occasion
in; the current stock market period;
they increasedithe liquidation!of stocks
f rom abroad ~in « this -market*- since * the
opening.' of Hast"*week to approximately
200,000;;shares.:^-.'■.;- * ~; "
There "was- ay suspicion that not a
little of | the i London pressure repre
sented selling -orders cabled from this
side last night! and early this! morning: l
London's 4 stock y ; exchange \X settlement
began J today; the failure of r one- broker
age fir nu at London;; and f the % reported
suicide tof ? the j» head of ; the * firm, were
reminders that there has been a human
side in the recent " stock * market; de
cline abroad. i'J \ f -X 2 '■/ f'XX--' xxy-y':
•5? ft *
Liquidation, execution 'of ixai 4 f great
number,"? of -stop j orders, ;;* and vigorous
bear raiding combined to force the
morning's g sensational decline; f 4 cover
ing of shorts to realize profits and
genuine investment; buying combined
to bring about the afternoon recovery.
There was f no-mistaking; the appear
ance 'of -the bargain hunters; in Wall
street today: they were seen in every
brokerage" office. ''..*"•
P> Strange faces appeared lin customers',
rooms > before" the opening,- of j; the« mar-;
ket, and /orders "were ; quietly placed
to buy the standard shares on a scale
down.'- The buying- for outsiders in
creased as the day; went on,, until ; before
the close of the day it had reached
to*; no•'•;inconsiderable amount. cue :
brokerage!* fir ip;s which'; normally s does
more commission business than the ma- i
jority of stock exchange-houses'!n\Wall
street; \t reported*;, that ; its 'commission
orders today balanced on the ; selling
side.
h But what, was significant was: that,
while the ing* orders* from % the out
side'; did not match the selling orders
in/volume, they were actually, in
greater, number than the selling: orders,
representing, the influx 'of i small buyers,
attracted by/the irresistible /contrast
made by, the new prices.
■:-'/ ; " ■/:*:.' /**: •*■ ■ * * :/*>.'.
I'Tni the excitement over the Minnesota
rate/ease,/news the attorney general
was dissatisfied with the Union Pacific's
latest plans / for //disposing of the
Southern- Pacific stock, which it owns,
was: almost lost sights of. But it was
not? neglected in London, where Union i
Pacific broke through 140 and Southern
Pacific' also;: touched ia*** new .; low record
price: since 1908//" These two /were the
severest/sufferers | abroad, with the
Hill roads coming next. ., •
-XXx-.X - /*";/ '■:#/ /-.* - . ■
They have T a big settlement/coming
abroad on July 1, with"/? heavy pay
ments sto be ;i made through the banks
and otherwise. When money is scarce
and reserves are/ low, the banks trail
loans. When the borrowers can't raise
the* money any other way to ; pay their
Indebtednesses! they jselli/;", the stocks
and bonds which they have ;been "car
rying" with f the | borrowed! money.
X. :/ American stocks ';, have consistently;
enjoyed : a better marketpoor as it
has^been-^thanf European!stocks." For
one thing, the United States is not
likely to i get! into ] a war i overnightS Be
cause there*: is* less -of *a« sacrifice in !
selling Americans f than in selling other
securities, Teuton, Gaul and Briton
have made the United States the scape
goat for much of their own troubles.
To protect ? their weaker and less sal
able holdings they have parted with
their, stronger and'more desired secur
ities.
'/..So far all that the United States has
got out of it; is/glory. There is /no
money/in that, but there will be some"
day when the Bulgars cease from war
ring and the j Balkans are at rest.
Wilson's,Viewi. on the Markets
if. (From J. O.'.Wilson & Oo.'s private wire.)
Xji NEW. YORK,-June 10.Tremendous 1 liquidation
, occurred :in ; the stock ' market i today. The Minne
sota rate * decision it caused ftheavy;;: realizing sg In
Northern I Pacific and ,Great Northern stocks. Lon
don i was i depressed i early,? but | heavy J buying if by
that market helped this side In a late rally.*
Prices have declined!to a point which practically
prohibits; anything like a'| pannlckyJ market, and i
>we i feel 3 *,„,. 5 that $ many :* bargain i hunters took <
advantage sof today's dec] to ; buy on. Our,
opinion? is> that the worst has passed, although' .
prices I may ibe * unsettled for a | short while.
s« Cotton-^-Jnly. was f erratic, waning up 37 points, !
then i suddenly; falling .! 22 1 on'; selling by J spot peo
ple. Covering ,f was t the 1 order iof the g day owing
: to i: the ft strength $ of I July 45 and 'g August f and % the
steady, decrease In the stock here. <As; the ! situa
tion s stands, it: Is purely j a traders' market and
Is likely to remain so until manipulation of the
old-crop is area, ' j
' BOSTON, June 10.The local ' coppersVcame !
out i freely, but.l owing! to I the' sold I out 1 condition |
of the market and the lack of speculative Inter
est, they; did better thnn the New York list.
The level of prices Is very low and all adverse ;
features J seem to have been discounted. It wllj
take | strong * support !' from f banking interests to j
restore confidence. . »
S* CHICAGO. June ? 10. — Wheat— i strength in
cables "and! all other i considerations In I the ! grain
; market l gave I way todays to 1 the) demoralization In
■ the i security market. The professional I element j
sold-* freely j- and % some commission | houses I liqui-!
dated. We B think the buying has been better I
than S the.§ selling I and a that the I export business :
will | develop on these weak spots and that the |
long side lathe safest at present.' -:' / j
Condition of Treasury
WASHINGTON, June 10.— condition of the
United States treasury at the beginning of busi
ness today: ■ ' - ! 'irill*
Working balance. $60.221.1« i; in banks and
Philippine I treasury a $50 752.175; total of 'general
fund. $136,228,187.* '-•■*,=■"£.**
M. Receipt., yesterday,'! $1934 070: disbursements.
f2.W0.207. " "Xy ' "
Thp surplus | this fiscal I year il* i $5.7«1,91i, as
against i of $3.5)3,414 last yetr.
-The figures for -— mljits. disbursements, sur
| SAN FRANCISCO STOCK AND BOND EXCHANGE |
'*■■■- - ,-- : : X r ■,*■■•■ *<-' '.■■ X* y~'-'-\- '" ,:; ' : -.-; " '*"""",—i *'v "E --,: '
Associated Oil stock took another tumble on the Stock and Bond exchange
yesterday. Mondey it closed at $38 and yesterday opened at $37, at which price
195 shares were sold in small lots; then it broke to $36.75, then to $36.25 ana
finally to $36, at which price, a new low record in the present movement .310 i
shares changed hands. The total sale was 67.0 shares, and at the close $35.87%
was bid and $36.25 asked. A very, small block of Spring Valley stock 1 was sold
at $52.50, a slight improvement over the day before. * •:* —X. "" ' ;>: j
Listed bonds continued weak, Spring Valley selling at $89: Calif ornia-. Gas*
and Electric unifying at $91.25 and $91; Pacific Telephone and Telegraph at
$96.25 and $91. Southern Pacific* first refunding 4s*sold to the extent 'of $10,000
at the low mark of $88.
In the unlisted department another low record was touched 'by ; Western Pa
cific: bonds, a $3,000 sale being: at $74.75. At the close $71.50 was bid and $75
asked.
The total business ;in listed bonds was $34,000 and in unlisted* $6,000. Listed
stock transfers totaled 715 shares.
*"*** LISTED SECURITIES
SALES JUNE 10, 1913
,; Morning Session Afternoon' Session
Board— Boar J—
185 Associated Oil C 0.... 37.00 25 Associated Oil C 0.............. 30*25.
' 30 Associated! Oil Co::fr::T.::::rA:i(>."> 310* Associated, Oil C 0.".: * .".. 36.00
"20, California Fruit Causers' Assn. 117:50- * 50 Associated' Oil Co.- b* 90......... " ,i <► y
25 Spring Valley Water Co 52.50 ' ; xfy: 10 Associated Oil Co ..'.*.:....... 88.12 ft
1 $3,000 Cal Gas &: Electric 4inifvlng' ss. 91.25 .50 Associated oil Co.; b = 90........37.00
|$1,000 Pacific-sElectrlc?Ry.fssfT. J f;Tr:*^loo. 00 *$2.ooo:Cal!Gas Electric unifying I ss. 91.00;■.
* $8,000 ; Spring Val Wat gen mtge 4s. 89.00 'X' I $3,000; Pacific Gas & Electric -55...;.'.*1 ST.. ; :;
• ' Street— "SI,OOO Pacific Tel & Tel 5s \ 96. X;
-.$3,000 Pacific Tel & Tel 5s 90.50 : $1,000 Pacific' -Tel: & Tel ss."r:. ..*...".'*. On. :
$4,000 S P X 11 Co Ist ref 4s 88.0<> * '.'52,000 Spring Water pen mtge '45.''89.00.
Street —
$0,000 SPUR Co Ist ref 4s 88.00
CLOSING QUOTATIONS
BONDS I Bid. Ask.! Bid. Ask.
4sl*. S. coup (new)*'. 13 Vi Ask. Electric Co 55... 99% — (California Tanners:... 116 • —
4s quar coup (new'i.ll3% — Oakland Gas. L&H ss. 99% — |Cal Fruit fanners. .. .116 —
3s j quarterly? coupon. .101)4 — Oakland Transit Co Ob. — 108 ; iCali Ins Co (par $40). — o>
fa? Miscellaneous 2Bonds j Do 5s — 104 ICal Wine Assa pfd.'. — gift
Alameda Artes — 98 j Do Con 55......... — 102 j- Do common .......— S •>-%
Associated 2 Oil Col ss. 90 — Oakland ■ Trac * Con : ss. —;90; EI dv Pont; de 5N , pfd. 88 95
Bay Counties ; ss. 99% — lOakland Trac Co ss. — 90 : i iFifeman's Fund Ins... — -3.>
Cent Gas &El os.* — 101% Oakland Water gtd 5s — 96% First Nat Bank of SP. 220 ;—;
Cal !El'Gen;ss,. ser A.;— 86 Omnibus Cable 3Rv '68:100%; — j German I Say &;L0an.3160 • — :
CallG&EPjjim;&;ctss/— 102 Oro Electric Corp tis. — 92% Hawaiian & Sug. 2.. —
><3 Do unifying 5s :*: 90% 91%! Pacific S Gas f Imp *4sTv, 80 — Hawaiian Sugar C 0... 25 —
California St Cable 55.101 in; 102 m Pacific Gas & Elec 83*4 — Honokaa Sugar C 0:... -% 4/8
California Wine ss. .* 93 97% Pacific Electric Ri ss. 99% "— Humboldt Savings ."Bk. — 129 -
Cent Cal Traction ss. : — 92% Pacific J Light r &Pss.\ —wg 94« [Hunt Bros Co ; pfd. .i— 101,-.'
City ,4 Electric Cos 55.. — 85 Do guaranteed 55.. — 98% ; Hutchlnson'SngjPlant. —,/ 16 ,
Coast Counties L&P 5s — 95% Pacific Tel & : Tel ss. — 96% Mercantile Nat Bank. — 2-0
Contra Costa; Wat ss. — 98 Park'& Ocean Elt 6s. — 1004' Mutual" Savings Bank. 77% — •
SSsDofgenSmtge 55.... 90 94 People's Water Co ss— 75% N Cal Power Co Con. 24% »ft
Edison El of L A ss. 98ft — SacEElf.Gasr&lßv?ss. , :99%lol T Ouomea • Sugar ; C 0.".".: 21 — •
Edison Light & tis. 106% — Sac & Woodland Rss 95% — Oro Electric. Corp pfd. — 60
E I duPont Pwdr 83% -*- St Joaquin Lt '& P;ss. — 99 •; Do"common, ....... — 14
First Federal Trst 100% — S« F Electric liv 55.. — 90 Oro, Wafer. Light & P.IOO —
Perries & cliff II BCts.-OO - SF,Napa'& Calls ! R6s:'97%—•:- Paauhau Sugar Plant. 12% — ;
Great Western Pew 5s — - 8,1 * g K. Oak &S 1; Ryss. — 102 . l'ac^Aux Fire ; ; Alarm. 2% —. -
Haw Coml & Sug ss. -- 101 Do Con Rv 5s — 00 Fac Coast t Borax pfd.loo%lol
Honolulu RT& I. 05.106 — SJ & S Clara It 4%s — 90 ,' Do common ... ....80 —*
Lake Tahoe & T ss. — 97 SantajßarbaraG&El6s.*l 97 '.-— • |Pacific Coast Casualty. — 1-4
Long i Beach C Gas , Os.— 100 Sierra jßy■ of Cal -6s rT' — 100 * (Pacific Crude Oil C 0... — . 33c
Loss-Angeles Elec ss. 99%-—: JSPRR of C 1 c s 55.107 109 Pac a Light i Corp f com.*: 101': : —'.:
Los Aug Gas &El ss. — : 99% SPBrnnch Rof Cal 6s — 120 Pacific Tel & Tel pfd.— ,91%
,n Do: Corp. 55..:.' .':•::■:—- 95 *S P R R Ist ref 88 8!) Do 'i common ..v. 22% — r
Los Angeles 55..102% — 1.3 |s i VaKWat u gen m 4s. 88% - People's Water Co pfd — 50.,
SfDolCori>sss.*...'.... — «2%; United ! Gas:& Elec 55.99%100% Philippine ; Tel&1\: Corp — 24 ,
Los Ang Light gtd 55."—100 United RRofS F4s — 57% Realty' Syndicate .... — 132%
L A -Pac B Icm ss. —J 10.1 Val Counties * Pow: ss. — 100% Savingsib'n; Bk & Tr.200 . —
L A-PacRR of Cal 5s 94 97% STOCKS I Security Savings Bank. 340
Marin Wat & Pow ss. 00ft — Alaska Packers' Assn.— . B.? S F-Oak Terßys.Alpfd — ; 69%
.Market St Rv Icm ss. — 90 Amalgamated Oil Co. --• 81 . i Spring Val Water: Co.*. 52%. 5.1 .
MllllVal&;MtTmR5s:10O; — American Nat Bank.. 131%"—fe Sterling I Oil; & Dev..; 95c 1%
Natomas Con of Cal 63 — 90 Anglo-Cal Trust C 0... — 120% j Union Oil Co of CaL. ; SO.—
Nor JRv!Co of ' Cal 107% — X Anglo & Lon ?P Bank. . — "*. 152% Union 'fi Sugar Co. V.: T:. 17% y= -
Nor'Cal" Rv 5s —-107% Armsbv Co of 'NV.pfd'■'— .100 • ! Union Trust-C0... 2550 —
Nor Cal, Power Co ss. — -100% Associated oil Co. .*.. 35% 36% West Coast Oil pfd.. 123
yDo Con 55:.....":.'.".— V: 90 j " . :"••■".,,;•■:.:■■.•. ■,■<;-> I . ■ Xf x, : -x- "-'.;,..
UNLISTED SECURITIES
"''"..' Xi SALES JUNE) 10,^1913.* '■'..*
,X ■. 150 Honolulu Plantation fpooll .. 20.00 {> $1,000; Western Pacific Ry>55.......... 75.00
$2,000 Bay. Counties Power", Co Os .r. 103.00. | $3,000 .Western , Pacific Uy:55........... .7.. ,
C ; The following- ',are the latest "quotations ''<■ for. unlisted:securities on : the San
'Francisco Stock and Bond exchange: , : I ":■ * '
BONDS "" . Bid. Ask.l • 'Bid. Ask.
V; ; , > * Bid. Ask. Sunset Telephone . 35.. — 105 Nor "* West Electric....; 30 —
Alaska Packers 65..: 104% 105% jSperrv Flour 6s :::.'.*'. — , 9!)%! Northern Elec Ry ' pfd. 44% ■ — ■ ",
Amer River Elec ss. 94% 97%|Turloc:k Irrigation — 88%1 yDo common .:..... 20 —■.
Associated Oil Ist ref 80 90 * | Union Oil Co 5s f..:—- ,84 j Oakland Bank of Say. — 2..2Va
Bar counties Pow 6s. 103 — I United Light & P Os: — 90 i Oakland 'Traction pfd.;— .70
Blue S Lakes Wat bds.lo2 — United Properties ss. — 45 :I Do common ....... — -0
Cal • Northwestern 55..100ft102 '; Do debenture 05.:.. ! 5 15 Oahu Sugar .........: 24% —
Coast Val G&EI I8t6s.l00*»101 .<: Union Traction Co ss: ' — 94% Ocean Shore Ry...... 10 —
Gen Petroleum 6s — 57% Villa Site & Dcv Co (is 95% i— x Oak,* Antloch. &.E...V; 10 19
Honolulu FlantCs.:-.: — "TOP West Sacto Land 65.. — TOO; Olaa, Sugar Co ...:... ; 1 —
Hunt sLand & Imp Bs. ; —:101V West;Mtg& Guaranty — 97 : Oro .Development Co.. — 40
Modesto Irrigation bds — ! 90% Western; Pacific Rv 5s —-■*■ 75 [Orpheum "stock, :.. .'.."19% —. X
Montere? & Orv 6s. — 97%; Yosemite Val*Ry 55.. — S3 ' Pac Coast.Borax (old 1.200 —
Mt,Whitney: Pow 6R.100 "101% ;•;:' STOCKS "'- Pacific, Hard & S pfd. — 95
Natomas Dcv« Cs..T.. — 100 ■ ! Alameda Sugar, . .:...• — 20 l Do >, common ;,.:..... — x2yXy.
x Do!Landj&lMin; 6s. — 100 1. ißank of 1 Italy :.: :'::.. 131 ; - J Pacific I Port : Cement... 59 •: — x
Do 2d mtge 6«.... '— 61 j Bank of San Jose.... — ■ 170 r Pacific Gas & Elec pfd 85% 86
Nor Cal Pow deb — 96% i Buffalo Brewing Co.. — 75 • Do ; common .:.."...'..— 60 ;
Nor West Elec (subs).los 115 j Ca! Cotton Mills — 75 | Palace Hotel stock ...'— SO
Oak & Antloch Ry ss. — 82 Cal State Life : Ins... — 14 , j People's Water com... 2 :/.'!"/
Oak. Ant f &r E Rv '< St. '—" 81 Cal Pacific J. Title pfd: — 100 '■■ Pet :&l Santa Rosa ': Ry. 20% —
Orpheum Os XX: ... Xi . 100 ■:, 10.1 : Cal I Electric ' gen * pfd." 78% — ; Porttiguese-Amer Bank — 62
Pacific Fort Cement Cs 99 Xf — Central Cal' Tracttou. 11% — Poulsen 'Wireless,:. — 24
Palace J Hotel Os ..... — *-■ 107% Central NJB; of ' Oak. — 170 ? .Riverside ; Ceemnt -':".:.. 45 - —r:
Pet& Sautaßosa ss. —fx :>7 Central! Savings Bank. — *'77% Standard i Cement 17 22%
"iD0.C5i.'....'..::.::. 94% — Central; Trust/.-..::.: 110 —*• Standard' Oil of Cal.. — IS7
Philippine Tel 55.... — 91 7 Cypress; Lawn:."."/:.. 3 4% S. V. & Oak Term Ry. . — 45
'Xx Do ■'■ Os '{:'■"'"• *.*.■.*::""."'.'*: : : .'.*—*:>- OS ". : - EwaJ Plantation C 0... — : -26 : San. Francisco Secur.. 50 : 57 Vi
Riverside Cement o*.. 77 X 79 : i First Nat of 0ak.200 - San Joaquin Light &P-- , 22%
Sacto Val Power Bs.. '. M French-American: Bnk. — 100 jDo preferred .".':.:.. — 90
San Diego Gas& El 5s — ; -92% General Petroleum ... 14 19% Santa Cruz Cement.... — 37%
Bl* & S Joaquin:.Vss. — 108%' Hawaiian : Pineapple.. — 40% Sperry Flour ":..... .*. —;. 25
SF & Nor Pacific s*. — 102 » Honolulu. 1 Plantation.. *_'(• :—;j 'Do • preferred ...". ... — 97%
San*JoaqsL"&:p,'ser B — 92% IDo pool ...'.:...... 20 21% Union t Sav Bk of.Oak.— 300 -
Sierra s&'S'F Pow ss. — 97% j Honolulu ■ Oil .:.......: 50c ■;• 90c? Weed Lumber C 0.....—..: 108 ■'
Standard Cement ! 65.. 91ft — (Italian-American Bnk. '112% Western Pacific 5 Ry...:-— 7% :
Standard' Electric? 5s :'S4 88 [Key Rome ....... 84% — j Wells Fargo*Nev*Bk.l6S —
Santa? Cruz Cement 6s 80 84 DO common ....... — 22 \ West Coast Life Ins.. 200 |
S I F, Gal X& * Klec ■ 4 %s. — 90' j Mascot ; Copper/, v.... /1% ,—; West s Sacto * Land . Co.. — OS • i
Do non callable.... 86 v'JvS'.:; Metropolis Trust .... 70 : Western. Amer Realty., — 20
South Cal * Cement: lids — 70 Matson < Navigation ... — 130 i. Western i Meat \ C 0....: 102% 118 ■.: : !
South I Cal Edison ss. — 95 [Merchants' Nat Bank.: 85 95-; Western States Life.':. 8 Xk9) '■:
South Saba Water Cs.— 103% Noble Electric.Steel.. —. 7 .-- Western '. Power" pfd... 47 —"
South* Pacific 'Coast 4s 87%— [Natomas Consolidated. — lift Do CWMMM .....:. — *,16 •
So Pac .s X Term Is. 80 "&7 ■ j .., ..■ ' , .-.■■■... ■■,■. .-. '.., '■■ j.■. . ..'■. .■■ .... ..■ .■■■ ..
"plus ?., and "X. deficit i'; exclude ?■- Panama / canal / and
public debt transact ;/•:-/// / / / "'/
I Mining Stocks |
♦ '....... '. .... '"*'.." ! . X^^^^^^^^^.^Jtj.
The Push street market for Nevada* mining
| shares ■; was .: a« quiet i affair f yesterday ; and,"! snide
| from '- somei firmness' in .'North; Star, " the whole
list was r; beery, with % prices % for.;; the';: north end
Comstocks | and ; nearly all of the .prominent stocks
of 2 1 he t southern * camps I inclined sto "< sag. = While
North' Star I was la' little 5 higher on si the;; day. the :
buying I of | the ■; stock 5 was i. at [ no I time ; as* spirited
as, on Monday, and; it I was S inclined to weaken
along with the other Tonopahs as the trading
progressed. The '; firmness fin f the I market S leader.
of.; the tTonopahs seemed to bel purely* a I reflection
of f' some slittle f excitement g on 4 the ■-. New ;,York
curb,'? which? soon * died i down I after the J price i had
been f. run up *to 1 75c z on % short *, covering. Other ■
erstwhile- active; traders of the group. Including
West End, Jim % Butler, MacNamara,*i Midway,
Mlzpah and* Tonopah ft-Merger, f were either un
changed:. or v slightly.? lower on ,* thf day In 2 the
absence of aggressive; buying < support. f-.'X ----/■
,*s The Goldfleld'issues,/while; a little; more 1 active
than at the ; firstr of the week, /were?; barely
steady as to ; , prices. Selling - prices and bids ;at
the .1 close»of f the -. afternoon ; session * showed/* no
changei to speak iof ( from Monday's closing quota
tions, ;l and t. the | several! stocks ;* of the J group j had
no c definite « trend ■'. one I way ior the X other, The
outside I mines £ were overlooked % altogether.
In the Comstocks list Ophir was a little
steadier i for a ; while, but It soon '■'- soldi down to
Monday's level, while Consolidated Virginia and
Sierra Nevada continued to sell at f prices * well
below f: the * amount ;of •;■; the last '*.- assessments
levied.*;- Union; and :■ Mexican were ; inactive all
Hay'^X-Xy,: Xf-.-.x':f : f: xXX'Xx- ■■- * -.-••
The mine* of the Tonopah district shipped
10.937 tow fof j ore jj to 5 tbe I mills I last week, s the
estimated value of the shipments being, $241,210.
The | shipments I from * the I mines were as 5 follows,
in J tons :s8 Tonopah I Mining I company. 3.100; | Bel-;
mont. 3.447; : Montana. 1.047; Tonopah ■ Extension,"*!
1,130; W.'.st End. 700; MacNamara. 553; Jim
Butler. , 450: North Star, ; 250; ; Tonopah I Merger,,
150; .Midway. 50.
SAX FRANCISCO 3 STOCK 1 EXCHANGE
Following were"the wales on the, San Francisco
Stock! exchange: yesterday:
■■" Regular Morning Session =
100 Belcher ...... 16! 1300 North Star... 72
2000 j Boston :Tt>n;.. 0.1 jIOOO Do, l» .10 74
100 iCrowniPoint.. 18 1000 Do. b3O .. 73
f 100 Gld | Oon fM f . .1.60 :200, Ophir 10
f200 ; Old Con 1.62% 300 Ophit*. 11
1500 Gl.l | Merger M 19 "00 Seg !■' Belcher .. t«
!20O;Halef&«NorcMJ05 :200;Sierra Nev ... 04
2000* Jumbo Ex ... 22,1000 Umatilla I ..7.&M
2000 -North? Star .. 73| 500 West End ..U'.02%
.■ • ■ Afternoon Session , " -
1600"Atlanta!.tTTT?*! 1411000 Man Big Four. 50
500 Atlanta :;:',.".•. 1511000 Midway 88
1000 Cash- Br.v STfT. ' OS 1 1000 X Mldwayjl?rrr7g§39
b 500' Com i Fraction. 031 ,' 500 s Mizpah %Ex f ... 45
1000 Com Fraction rm 04 14001 Montana vr.-*frrtl:2s
6000 Conqueror Con 02 2200 i North 1 Star ... 72
100 Con Va M 0613500 North Star ... 71
100 Con M.1.62%1 100 ; Ophlr 10
10.000 Gypsy Queen 05*1000 Rescue Eula .. 14
1500 Jim Butler .. 07 100 Sierra NevfTflffi 04
j 600 Jim Butler '. . .08 2000, Silver Pick Oon Si 03
1500* Jumbo Ex ... 22 200 Ton Exten.. .2.02%
500 'Jumbo 3Ex If **t*J 21 1000 i Ton i Merger I VTTm 63
1500 MaeNaniara JTTfil6 ■ 400 West End ..1.02%
100 MacNamara &.." 14 1000 tif Do. a9O 1.00
1 200 MacNamara'..*. i 17; 1100 West I End 1.00
pm; Informal Session '$$os®s
500 Blue Bull ... 08 , 200 ; North jj Star ... 78
500 Btee ,Bull ... 02 900 Ophir 10
290 Cons.Va|M.*ft"l4o6 500 Savage "it.*:.*.:.". 08
1000 ! Dmd Butte. 02 2400 . Sierra «Nev|Tn|| 04
1500 GUI '-. Merger lM** 19 \ 100 Ton I Merger ... 64
1500; MacNamara V:'. 16 600 West End ..1.02%
1500 North Star *.;: 71 '
" CLOSING QUOTATIONS .
CALIFORNIA " ■ 1
Bid. Ask. Bid. Ask.
Cent I Eureka.. 12 — [So Eureka M. —3.00
NEVADA
" Comstocks
Bid.Ask.: Bid. Ask."
Alpha 01 -02 Hale ,*&';: Norc 05 06
All a ;>'A*r.rr. — i 041 Julia | Con — 08
Andes ....... — 01 Justice ....... 01 —
Belcher $?.*7*"7i-*— • :16 Kentuck Con.. — OS
Best r&f Belch.' |05f106 MexicanfrrrrfSf62 «F=='
Brims ! Choi lar.*' 10« —[Occidental 70 12
Brims Potosi.. 10 —Ophir 09 10
Bullion-n-r.rr:-:f,l—i.- 02 Overman STT^T^-^ 25
Caledonia 75 lip- Potwlf f.Tr7rrrfl 01 93
Challenge tr*r?*?fl 021|03 Savage lrtZrTTTtgfrHMVl.
Chollar s : hr.rr£ol.:.o3 Seg Belcher .. - 05
Confidence ... — ,19 Scorpion^-r^TtlOaM 05
Con| Imperial.. 01 02 Sierra? Nev ... 04 05
Con Va 1f...-. 05 06|Silver Hill ... -'iOtfflM
Crown Point.. 16 Union!Conir^rtSoea OS
Exchequer ... — 02 Utah^r?ff?rrft ! — 05
Gould 1 & Cur.' 02 AOS Yellowf Jacket. 20 22
i»^^i f sW^»"Ton< l * District - „fssgiSft
Belmont 9:99 6.15'M0n Pitts Ex. 10 11
Boston Ton .. 0.1 xO4 North I Star ... 71 72
Cash SBovJff^tflo7fc'J 08 Rescue I Eula .. II 19$ 15'
Grti West Con. 01 S3 02 ! Ton | Exten f .*.".2. 00 j 2."7
Halifax —1.05 Ton I Gypsy I Qn. 05 mfl9
Jim Butler .. 67 Merger ... 64 95
MacNamara .. 15 lrt|Ton of Nev... — 6.00
:Mldwayg??f^3SM*o^al"7BlCoanTS^Ko6
Mlzpah -:-Ex.■:.; .40 ; 47|Umatllla ..... 03 04
Montana "<";":';.. 1.30 I.2s|West i End :.. .1.02 1.05
;'";: Goldfield District "..'V ■■■- -'f-x
Atlanta ....... 14 15 Gld .Merger; M. ;IS 19
Blue Bell ... — ; 02 Grandma .:... — 01
Blnesßull- ... 02 03 Great: Bend .. 01 02
Boi»tbf.:r:v.-.r 0.3 WjGrt Bend Anx. — 01
COD f:'::: ..: 04 ,05 Grt Bend Ex.. — 01
Columbia Mt.. 01 "02 Jranbo Bx ..... -2 23
Coin Fraction.",: 03 04 Lone Star Con. 01 02
Conqueror a Con . — 03|Oro .......... .12 13
Cracker? Jack. — Oil Bed Hills - : ".... 01 02
Dmd B Butte.: 02- 03 B<'d Top Ex.. — 01
Pnulfl.l * Daisy, 02 '■ 03 Sandstorm ; Ken — 02
Florence .17 3* silver Pick Con 03 04
Gld ? Con J-M.-:: 1.02 1.85 Spearhead, Gold — 03
Gld; Portland.. —- 01 Vernal ....... — 12
Gld Kewanas.. 03. 04 Yellow Tiger.. 03 -* 04
Bullfrog District
Mayflower Con .— " 01 [Tramp "Con .. — 02
"Xy-f ■;■-...:". w Manhattan "District . :■->,
Dexter Union. *— jO2 Man Dexter .. 02 ;03
Gold Wedge... 02 04 Man 5 W Caps.;: 06 07
Man: Amalgam 01 02!Min Hill Cos., — 01
Man "'Big.- Four 50 x.f— (Morning Glory. .—';."; 02
Man Con .... fi 09 XfQG 'Mustang Man.. —. 02
Other g Districts ; -*-;:
Eagle's s Nest.. — 02;Pitts Peak.. ..; 47 49
Fairvw G RIO ;02 03 Raw Coalition.-'■;' — Ol
Nev Hills.; ... 02:^95|Roundf Mt:..:. 40 .45
Oil Stocks
SAN-FRANCISCO! STOCK j EXCHANGE'
Xxfx'XyA. :-. Bid. Ask.l '*. ■ * Bid. Ask/
Asso Oil .. .30.00 37.00 Peerless .... "—'4.25
Bay City .. — 55 Pyramid .... 13 - 15
Caribou X:Tf: .75 X— Republic*.*:"..'' 10;. .15
Clarehiont*.: ;" ,50 .; — S;F & McK. "—15.50
Coal" Central '20:.*— Saver Dough. — 1.55
Luxe i.'. v — 50 S« W-."& ... 15 —
111 Crude .. — ,•.05 Sunset? Mon.. .; — 1.00
Maricopa J 36. '• .15';' -/Turner .".::. 1.35 —
Mid Premier 1* —: 20 Wolverine .. ;50 *■"*:: —
Monte 'Crt*to 75 . ;SSIW K-Oil Co. 2.00 2.30
Orcutt . s " 70 '; "■ — '„ *
SALES
100 11:15 a. m.—.................. 1.30
100 Turner 1.30
1500.Turner ;.". .".v.'::.";"...".*.:"."...*:;V..~ "1.35"*.*
400 Turner,;".'. .";.".■*.:;'.;;'.-.';......:....:' : . 1.37 Vi
>Informal -
200 Caribou .v:..".....'.'.:.':.':, ..2...X. X.. .CO;:
LOS ANGELES OIL EXCHANGE
(Special Dispatch, to The Call)
'? ,-'LOS ANGELES. June 10.—Union oil touched
; fal new low mark r todays In ia • sharp s decline J dur
! ing the morning J session; on '.-> the * Los -Angeles
' Stock I exchange. ts The 1 stock i opened i at I $77.
I and S declined j rapidly, the final 'sale *of a . board Slot
j' beings made -at i $75.75. Two ■"> five • share blocks
I sold * later at $75. Associated was ; also weak,
I'declining a S quarter •• of »a* point -below: the closing
figure 1 yesterday.'*-. The call: :-.,
| Producers— - . Bid. Asked
Amalgamated i Oil C 0......:.... .00 50.12^
I American Pet ,Co (pfd)."...... L 70. - SO. 00 .;.-,
| American Pet iCo;(com):*.r.'.":; 50.00 05:00--
I Associated Oil Co.; ..*. .37.00 33.00 3';
I Bear. Creek OIL & Mining Co.. *65 ;.*>-. —;
Brookshire * Oil-Co — em
California Midway C 0.':..." 10 — .
I Central Oil Co. — . 05
| Columbia! Oil C 0:.".... — 85 '
Continental Oil Co *— .-'■.- .-*'-l5 : -v:
Euclid Oil C 0..........:..."... — , 20
FullertonlOiUCo:;:;: :r:.i';':.. 2.f*> ■;' ».; 3.ft) >'■<
Globe Oil .Co .." . .. ... =01 0.1 ;-!
Jade Oil "Cor.T:'':::X.T.':T:::.f -no r , "::',.-..■' JoS~"
Maricopa! Northern : Oil -Co . . . 03' i-; 9t%
Maricopa Queen Oil C 0..:..'..; — .. '.55 T-...
Mexican Pet Ltd "(pfdlfnv:.. — 100.00 2
Midway Northern Oil.-* CofTrf: .';. X o7''. . —
National Pacific OU Co 0314 X~Xi
OUn<la!OiVCo:X:::Xf::::ff:.:f 824 X —
Pennsylvania; Midway Oil Co. iff 07% "— i
Rice Ranch Oil Co ...*. 75 1-.10" '
Petrol . Oil. Co ' * — 3.00
Traders' Oil Co ."....:....... ': — 40.00
! Union OH iCorrr.-. :Tf:?x:; 75.00 78.12 V,
Union Provident !OH Co 80.00 • Sfi.so *
United 5 Pet s C 0.":.."'.'. ......... — . 87 50 '
: United (Oil JCo ™.. "."*: ..*.•.'. '. 1 i i 2.1
Western' Union Oil Co ». — 90.00 X'
■ALBS ■ ..
■ Morning Session yff.-XXi
10 Union Oil Co 77.87<5
10 ■ Union ' Oil : co:^^^*iTrvrr i 77.50 s«i
10 Union Oil Co 78 23
IS 10 Union I Oil 1 CoxyfTfT? 7.-, 7.-,
10 T'nion f Oil *** CoTTT^Tf^^^TtT^^Tl^.'tQiQOm
4,000 National -Pacific Oil -'Co.'.' 03U
>: - 20, Associated Oil Co X: 30.75 '-■
' „ " Afternoon Session
20 Associated on^co.'^fr.tr:^::... .10.25 , '
10 Associated OU C 0."..-.-.". 3fi]oo
5 Associated % Oil SCo X:".X"XfT7mTnTt%rf7iOO »
10 Amalgamated Oil Co .*."..'...'. 79 0018
3.000 National Pacific Oil | Co.*rrfT^'T*™ : '«.« 0354'
10 Union I Oil ("0 7A n^ 78
* j l;ooO|^^|OH^^^^'^^*|^*^Tr»Sl9S
Dnloth f.injured *
PI'LUTH. j .Tune 10.~L!nsee,|^$L29.';i .inly
|$I.2S'» bid; September,, $1.31% asked; October'
$1.30 i - asked.
STREET IS ROCKED
BY RATE RULING
Minnesota Decision Is Con
strued as Against the
Railroads
Lowest Prices for Many
Stocks Since Panic
of 1907
NEW YORK, June 10.—-Th c stock
market passe.l through a trouble - day
as a result of the rendition by the
supreme court, after the close yester
day, of its; decision in the Minnesota
rate case. vThe I.decision,was construed
as adverse to the railroads, and tho
market ' experienced a. violent decline.
Ii n the afternoon " a partial recovery
was made. .»--"' .
'«*The; Hill stocks, which were' imme
diately concerned. in the outcome of the
suit,-were the heaviest l#sers:amonff
the - leading shares. :-;"Northern Pacific
and Greats Northern 2 preferred broke
about .7 .points." / Among:.: other prom
inent stocks there were drops' of 2 to,.'
5 x points,'*- and 't some£ of the inactive
Issues fell as much as 10. points. "
Severe losses of American stocks; in
London before ; the opening here gave
a forecast of i what was ;to be expect
ed, and ? ; initial prices in many cases
.were :--V to X 4 points J under.': yesterday .i
close; S'; -Large "blocks *of stock were
thrown .on the ' market. Bear oper
ators J attacked the list, and their .ef-p
forts were reinforced by hurried liqui
dation of long stock. '
; The market rallied: after i the shock
of the opening break, prompt; support
being given, but quickly went off again.
Then g came 3 another;* rally t.which, -.was
followed'during :the> noon ;..hour by the
severest break of the day,.: at which
bottom prices were touched all through
the- list. . r^^^^^sß^eßjßß&SS^fXx
::2 Steel fell ; 50'/&,.. within, one-eighth
of the low price made at the time of
the? filing of the dissolution suit.. "St.
Paule broke "below. par, touching* 98%.
Southern Pacific fell to 89%". Union; Pa
cific to 138%. Reading to s 151%; Great
Northern -preferred'to 115%. Northern
Pacific fell :to 101 % ., In many instances
the ■ lowest prices since the panic of
1907 were reached. ':-
After the noon break .there was a
gradual recovery. ; Buying by Investors
who were attracted by bargain prices
increased vin> volume ;as , the day .pro
gressed. Short covering toward;..the*,
close-aided in the.upturn. Some stocks
entirely recovered . their 'losses,, and in
other cases ; there ■-. were "rallies' of -2
pointsSor more. iXfilV. 'was; the largest
days business of .the year, with sales
exceeding 850,000 shares. V
* In ; addition to the Minnesota rate de
cision, the;; market "had other; unfavor
able; influences I 'to contend with. There
way,;; active y selling; here;; for-foreign
account,'.; London's, sales here being es
timated, at 50,000 shares.The financial
situation .abroad.; was; made Is till, more
gloomy by:a**: failure in London and re
ports of hostilities in the Balkans.';
,Some*:apprehension; was' arousedUby:,
the attorney general's "reported oppo
sition to both the plans outlined for
dissolution jof the i. Harriman" system.
- The monthly ;statement of -United
States? Steel also was? decidedly unfa
vorable.": A falling off; in unfilled ton
nage had: been expected, but the de
cline of 654,000 tons was altogether
larger than was looked for. The re
port showed that during May,the; steel
corporation received new business at
the f rate £of £ about : 24,000 tons a day
below shipments. ;:
Bonds were weak, with especial
heaviness' in Steel ss. Total sales' (par
value);: $2,775,000.v
"■.United States bonds were unchanged
on call.";. ■.:... x i-ff... x.^X-•
Huton's New York ; Letter ■ >
■•.'Trading at the opening followed the
London lead, and price changes «In
nearly all cases reflected ' the further
depreciation in values in ; the European
markets. London ;:*. and the continent
were '£ disturbed %by^; money X- conditions
and politics, .which caused renewed sell
ing for foreign; account here. 'The in
ternational issues; were the. principal
sufferers : in* the v early trading. J. Union
Pacific opened at 2% c lower, and? a loss
of two points in Canadian* Pacific was
sustained at ? the -start.' : Copper J opened
2>4 points down. Losses of one point"
or f - more were *i recorded *in many - other
issues, including Steel Common," South
ern Pacific and Lehigh Valley. ;: r
The 'effect of the supreme court deci
sion caused «a?decline of« 4% « points at
the opening in Northern Pacific, and on
heavy liquidation i this stock ? sold down
to 101%. Great Northern preferred sold
down to 115%, a loss of ;7% points.
After.' a slight rally from the early de
cline, liquidation appeared in large vol
,ume, and all though the rest of first
hour stocks^were,supplied at recessions,
sales being made at times ta half;point
under the preceding;quotations.; Many
of the important s railroads and 'Indus- '-
trials?soldiat; the lowest levels reached
in t' several & years. .- , .'■■.'
xx ßrokers;*active y in the trading ? said
that the selling could only ! be charac
terized as icontinuous* liquidation, with
evidences of stocks coming from strong
boxes representing (release; of j long; held
securities. Comment was made on the
f act *» that there was no'evidence; of sup
port from interests supposed to be con
cerned in the financing of .the;different
properties, and that the; only." buying,
apparent was what came;from shorts.;
In the late afternoon the, market -was
quiet at a little recovery, was the low.
The "'close was g heavy.; We " firmly be
lieve that prices will work considerably
lower." * ;;■. 2': : 'i"'
; New York Money Market
j NEW YORK. June; Money on call. sfea-ly
| at; I' 1 2'"a 2 s I '•cut; ruling rate. 2->i per cent; : .
| last bid. 2« per ; cent: offered at 2'' 4 per cent.
S ;> Time loans. ; ptroneer; 00 days. ; 41 4 'o4'j tier
j cent: 90 day*. 4 1 «r<?4 ! > 4 ;- per. cent; six - months, ■
sW'i 5"\ t per cent. :
:.'C Prime (mercantile'paper.: Gtitafilper. cent.
*- Sterling exchange,, steady, with actual business
in bankers' bills at $4.83 for GO day bills and at
$4.8675; for demand. "-; * *■■
>. ; Commercial: bills, $4.82-?4. ' ir-
Bar silver. KO'ic.
Mexican dollars, 4Sc. :'. ,;
Government y bonds, steady; railroad beads,
weak. ■-:;-;■: fX'XXiXXx T XxX\ -
.' Loans, -Exchange and Silver
Commercial ;^^ paper :....... ;... [email protected]?"" per cent
Loans: on < real restate;"';.*.',;'.".", sVifa<l>j per cent
Sterling exchange. 60 days.'.'.*..';—s<;4.S."?i.
Sterling exchange, demand —(1J4.57 -
Sterling J exchange.? cables ; ;*;.\.' -X hI RS
New j York ! exchange, sight;;;.. — .02%
New, York exchange, telegraphic — '<i .or, \
Hongkong exchange, sight;".r.*. '— <r/i' A- . ;
Hongkong exchange, telegraphic -'a :'.45%". - f--
New.York silver, per ounce.... — .-"ft",
London'silver,* per ounce —$i 27' d
CONTINENTAL - "
New York' on ; Paris ..VV;.".'..; ::;.. ....... 5. 1 g>«
New \ York I on iMexlcoK'T , ."7TtTr.V*;V..'..... : —-
Berlin on London TTVTTTTtTXTi"".".". ".TV. , 4 20. l.'j ;
Paris on London .*";. TV ;;.'.". .".*.....'.".. :. ;.'."- 25.21 %
New York Produce
;','"; NEW i YORK. June 10.— Butter—Firm. Re
ceipts, 20.512 tubs. Creamery, extras,"; 28fij28</4c;
flrsts,"([email protected]?4c;;f?econds,i2Gt(J27c; state dairy,
finest. 27\ic;;good„to prime. 25%@26%c; process
extras," 8 ; 25 Vac; ; firsts, 24 % ri, 25 •; ; imitation cream. ; "
cry firsts, 24 ¥> @25c; I factory ; firsts, i 23 1 <■; f pack
lng;stock,|No;i2.!2ls?2l%c.;; •"
jEf< Cheese—Stead.v." v s|Receipts, 1,7.720 boxes. : State,
whole milk, whiteiand >pale and, colored specials,
14Mic; jdo average i; fancy, ■■•:14%c; ■"■ skims, * IV»&
10% c. "• >
Kggs—Finn. "Receipts.-. 32,915 * cases. ".Fresh '
gathered? extras. 22(it2.1c: do extra firsts." [email protected]:
flrsts.' , [email protected]%c;tßecouds,'v 18Q18%C; thirds. 17
Pennsylvania and*-; nearby.;;hennery,
whites, as to style and quality. [email protected];; western 1
gathered X whites, 20fa 2.".c. ......
is** Hops Quiet. State,"" common Ito choice, i 1912
1011. 0<(?14e; Pacific coast,- 1012,; ISA
10c: 1011, Ut?Jl4c. '.=teHS
pfHides— Firm. Bogota. -2S*[email protected]?ic; Central
America. 2fl<\ ;.: . : . '- *- '.-.:■ \--..x -X-i:,-;.. :■-.■:-
Steady; Domestic fleece. XX Ohio 27
@2Sc.
"Raw Vsugar—Quiet. Muscovado. * 2.501J2.53c;
centrifugal,': [email protected]; j molasses," [email protected]"
—. :• yy.x,.. -yy -
Dried Fruits in New York
NF.W ' YORK. Jane ilO.V^Evaiporated- Apples
Quiet. Fancy,'|7%^ißlic;-choice. 6'SC'ac; prime
S**£f|s4(c. . .... V :
Prunes— Firm. California. 3%Q12e; Oregon-
SlA'iiOc. . - • , ' " '
j? Apricots—Quiet. " ; Choice. ItAllUe; -- \i. t -
choice. 11", (ft 12.': :. fancy. .' l2Va<||l3«\ . 2^.. .'
Peaches—Quiet arid steady." Choice, fisitSi 7c •
extra choice. i 7fis7Vic; fancy. 7sJgjßc. - *'
',; Raisins—Ttit!!. l.oosc ; muscatels, 4tifcjsVc-'
choice I to] fancy seeded. 5«6% c; r seedless, 8 v.d
6?4c; London layers, $1.20(91.40. * -

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