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

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BUSINESS, COMMERCIAL AND FINANCIAL SECTION
14
TIME EXTENSION
FOR SMITH NOTES
Trustees Unable to Comply
With Conditions by
July 15
Money Released for Key
t Route Pier and Work
Is Rushed
Trustees representing the :F.- M-
Smith Interests have not yet complied
-with the conditions required for the
refunding; or the 500.000 6 per cent
ten month notes of the Oakland Rail
ways company. These notes were dated
August 12, 1912, and were due June 12,
1913. An extension of time was granted
the trustees until July 15. From an
official source It was learned yesterday
that further extension will be required
and probably will be granted. In ad
dition to the notes for $2,500,000 there
is about $1,500,000 of floating , debt on
the traction properties and a note for
$1,100,000 . for which the Key Route
basin is the underlying security. This
note is due August 20.- _ :
An agreement was entered into early
last month between the United Proper
ties committee, the "P. IE. Smith red
itors' committee and N.W. Halsey &
Co. and E. 11. Rollins & Pons to pro
vide tentatively for financing the Oak
land railways and the San Francisco-
Oakland . Terminal railways, owning ,
and operating: the Oakland Traction and
Key Route properties.
,The financing scheme . consisted In
raising by the issuance and sale .of
$4,000,000 five year 6 per cent notes
funds sufficient to pay off and retire
the $2,500,000 note issue to provide for
new construction imperatively required
and to reimburse the company for im
provements paid for out of earnings
during recent months.
Conditions stipulated were:
(1) To obtain authority- from the
railway commission for the isue by the
San Francisco-Oakland Terminal rail
ways of certain securities necessary to
carry out the plan; (2) to secure a
refunding of the outstanding $1,100,000
note issue of the Oakland Terminal
Railway company, guaranteed by the
Oakland Railways: (3) to secure the
deposit of stock of the Terminal rail
way, the Oakland Traction and the Key
Koute companies, not now owned by
the Oakland Railways, for the purpose
of exchange according to th« plans;
<4) to secure the expenditure of $1,000,
--000 cash on deposit with the Union
Trust company in the construction of
a pier and other such construction as
may Increase the rapacity of the Key
Route system. Th committee was
Riven until June 15 to bring about
these provisions.
If by that time they have succeded
in complying with these conditions X.
"W. HalMy & Co. and R. H. Rollins &
Sons are given until August 15 to form
an underwriting syndicate to purchase
the $4,000,000 notes.
July 15 is only three business . days
removed, and the creditors committee
has not yet been able to comply with
the conditions named. They have held
dally meetings, they have conferred
■with creditors, and they have made
steady progress, but the work in hand
Is so stupendous and so many intricate
situations have to be smoothed out
that the first extension of time has
been found much too short. '--S.
John S. " Drumm, chairman of the
Smith trustees, or creditor? , committee,
admitted yesterday that the conditions
could not be complied with by Tuesday
next. He intimated that an extension
would be arranged. Another gentleman
'interested In the financial scheme said
that the note •holders' are agreeable to
a further extension of time.
The near fulfillment of condition
No. 4 was shown yesterday by the com
fletlon of court procedings -releasing:
520.000 of the sum needed and the
beginning , of a friendly suit against
the Union Trust company to release
$480,000 additional for Improvements to
the Key Route pier. . :
In all, $1,000,000 will be expended In
filling In the pier, building a concrete
seawall, dredging the channel, improv
ing the roadbed and in other ways im
proving and expanding the Key Route
service. This work already has been
begun and will be hurried to comple-
Ifr, Drum, in his address to the
meeting of minority stock holders of
the United Properties company in the
Ravings Union Bank building/Oakland,
explained how It was planned to pre
vent foreclosure on the overdue notes
by securing the consent of the holders
of bonds and the approval of .share
holders to a scheme of reorganization.
He said that even if foreclosure pro
ceedings were brought he believed
matters could be got in shape within
a year so that creditors could realize
on tangible properties and be fully
protected.
-•*■ * *
α-vttoch ASSESSMENT
Discussion among stock holders; of
the Oakland. Antioch and Eastern: rail
LOUIS SLOSS & CO I
INVESTMENTS
J. C WILSON & co,
MEMBERS
*i new york stock exchange
v NEW york cotton exchange
Chicago BOARD OF trade
THE STOCK and bond exchange
SAX FRAXCISCO
MAIN* OFFICE: "
Mill" BalldlnK, San Franctero
BRANCH OFFICES—I.oh AagreleW,
Sun Diego, Coroaado Beach. Portland,
Ore. Seattle, AVash.; Vanconver, B. C.
Private Wire. Chicago, New York.
W. C. RALSTON BROKERAGE
CORPORATIOX
Brokers, Factors and Agents
We will purchase or sell on com
mission Stocks and . Bonds, also Lands
and Mines. • -
Reliable data and analyses of the
underlying value of investment secu
rities will be furnished our clients.
W. C. RALSTON, President
Offices: Royal Insurance Building.
L F. HUTTON &CO.
480 California St. Tel. Douglas 2487
St. Francis Hotel. Tel. Douglas 3982
Members New York Stock Exchange
BONDS
ANGLO AND LONDON *
PARIS NATIONAL BANK
SAjr FRANCISCO
BOND DEPARTMENT
:- Dealers' is: Investment Bee£» ? J^J
NEW YORK STOCK MARKET QUOTATIONS |
*■; F. Hutton & Co.. "490 California street, member* of the ', New York • Stock
exchAnge.furnlah;the following- list of bond and stock sales yesterday: :
«*.*• i
IHlichl Lew I Bid I Aik
; 13.100 Am«! 5 Copper.::."; 164%
100 Amer,Be*t Sugar. 1 22
...."..; ! Do pfd .......: ...'..
4,500 Amer Can:....';.. 28 >
;'■ 300 Do pfd.r......; 87
200Amer Car & Fdrjr '41%
.....;. j Do pfd....
IAm*r Cotton Oil .'.~i
....... •' Do pfd......... ..... ;
v." rr::: Amer HUIp & L~:t ??.T. !
....... 1 Do pf<i.;..:, ... ..... '
.....;.JAinf r ar S*<-iir ...'..
(Anifr 1. ise»d. . . . .....
....... Do pf.l :..::;-. .T;r.
....... Anifr i Ix>c«>fciolivp ;.:':".
100 Do pfd......... 101 ■-
....... Amer Malt.....;. ..:.;.
....... i Do pfd ........ ! ....; !
1.100 Awer 6ttiU'*A Rtg 62 i
....... i i>" pfd......... ..... '
Azner Snuff......'.:....
... ] Do pfd.. .....
.....;. Amor , Sneer ..: (t .....
Do pfd......... .....
Amer Steel I'ntlrs ..:.".
eoOAmer.Tel &' Tel. . 127H
200 Am*r Tobacco.... '214%;
....... ' :■ Do pfd..:...:.". .....
....... Amer .Woolen..'.". :..v:
.: Do Dfd . . .....
.'•00 Anncoada ... . ', 32%
lOOiAtlan Coast Une. 114%
l.SOOJAteh Top Si S F«. 95%
. 200 I>o pfd ; .'...... ' MV,
300 Baltimore & Ohio' »2»4
;.;.... Do nfil .......: ..'...
100 Bethlehem Steel.. | 28 •
Do pfd...:..:.. .:;-;'.
600 Rrklyn Rep Tran. fA%
200 Calif Petroleum.. 29 •.
13.700'Canadian Pacific . 213%
ROOiChlno Copper. r. 33%
S.SOO'Ches & Ohio..... '33%
Chle & -Alton.:... .....
....... Chic Gt Western.}..... •
200 Do pfd......... SO j
: 100 Chic & N Westra 127%
7v>0Chlc Mil & St P. 102%
....'... Do pfJ.:.:..... ..... I
200 Central Leather.. 21V
....... ! Do pfd ........ ' ..... '
;...... Central of N J...' :.:::
........ C 0 C & St L... ..':•:■.
Do pfd......... .:... '
...'.:'.. Colo Fuel I pfd .....
Colo' Southern.:; *. .*'..' '. .
.:..... l>0 let pfd.....!.....
Do 2d pfd..:..
1.200 Consolidated Gas. 1291$
....... Corn Products. . . .' .....
....... Do pfd......:.'
Crex Carpet ......
....... 'Del & Hudson... ...:.
....... D L i- W........ .:...
... D & R (i..:.... ' ..... '
....... ! Do pfd......... ..... :
......'.inistillem' Fee*...' ..... '
IDulnth H.S A A. .....
.......1 Do pfd.:.:. I.....
l.OOOjEr!» ; ............ ( 25%
300 Do 3*t pfd....;( MH
100 Do 24 pfd.....| 32" '
S0O':Ce'neral Electric. 1133%
400iOrt . Northern Or* 32 '
1.300 Grt Northern pfd 122
1,400 Hlinois Central...U1314
... 'Inspiration ...... ! .....
100 Interboro-Metro .. 1434
500 Do pfd......... ! 55
....... Inter Mer Marine! '
....... ! Do pfd.........}.....
....'.. . Internatnal - Paper! .
' Do pfd... ..!.....'
Internatnal Pump ..... I
....... ! Do. pM ::....".|:.... '
..... .*. Iowa Ontral..:..!.....
.......I Do pfil......... ..... !
: 40o'K C Srmtbcn 25%
..! Do pfd .-..j..... !
2,500!Iehi)fh Teller ..1140%
. iUirsett .t Meyersl.. r..
100' Do pfd... jlOS%!
.......!P T,orMard Co....!.....!
.......L Do pfd..... |. I
..1L, & X.. .!.....!
•22 21 22^
..-.:. .70 80 ,v-
27% 37 27%
,87.-. 86%, ; 87 .-■:■;
4m 411* 41%
... . 107*4 1(X»%
1 :.:.. J S5M. 8«Vi
i-.'.T. 92 V» 97
! ..... ! 8% •« !
: .....17 20
..... » : 22U
' .:... ! 8»S 8%
* ' .. ,22 ■• 23
.:... 27T4 «
101 '100 '101
..-..: --7V ::.8,'-
.... . 47 . -50
ci»; 61%: 61%
! ...... ' B8H! Mil
..... 146 ICO
..... 99 > 1100 '•-
..... 107 108
..... 110 Hβ
.-..'.. 2«U .27,;,
iw-,;l2e% 127
'213 Vi 208 216 7
1 ..... ' 97 - 97
..... 16 f 20
"82U 82 - a 321,4
f 82U 82 32>,4
114%; 114U 114%
93% 05% w^4
96 V, 9»H -97-
92%! 92%! 92%
..... : 79 I 81
28 ! 271* 28V4
...... 63% 68
; ee»4 R6% m%
29 ■ 2% 28%
211% 213 2l2ti
! Z9% 83i; 83 Vi
I 51% 61H 81%
' ..... ! 8 I 9%
: ..... ! 12% is%
I 29% 2»% 30
127« 127U 128
ilO2\i'lO2i, 102%
..... 132^'138 -
' 20% i 21 J 211.4
:.... '91 ■•• j 91 »4
I9TK sno
921,4
»-
[mi
\ 29 j
•.
I 51%! 6 to
' C I €ltk/
......
; .....8 J 9%
I SO j
127 4
102 V5I
;'2ni j
; i «%i is%
I 29% 20%. 30 i
127% 127U 128 V
102% 1021, 102%
..... 132% 138 -
' 20% i 21 J 211.4
..... 91 * 91%
21
01
I ' *t""."i
-10,- <sw -
...:. I 40 j 46
' ....: ! 85 ' 95 v
..... ; ..... 190
I ....; ! 29 i SI
..... ' m%\ ee
i ..... 55 65
!23', 129H ISO
..... ■ 914! 10
..... 63?; «6
!..... 18 ' so
t.... Jir.2 !1KR
I ..... 275 t - 1300
I An 1 ta
i * ■ • .-
•••••12"; ! 46
! 40 § :
! 85 !
)....: ! 85 93 V
•-■-I
!.......... 190
' 29 > I
1 65%
53
129%
• 9V4
63?;
18
ir.2..i
!.".... I
* *. ■ * *" i
...v; ] 29 81
1 . J r*w 1 / I Aβ >
I.....!
..... ' r>514! ee
I I RT I fir
I....J
i ..... : 53 65
129% 1129% ISO
..... ■ 9% 10
.... . ,63?; «6
!..... 18 so
■ ..... ir.2 lisa
...".1302 139."
..... 1MV 17
..... 25. 28
...." i2x + 13
...;-. ? BU I
..;.. 10 ! 12
• 24%! 24»; 24 1 -;.
I 38 U, ssv; so
! 32 " I 31i; 32',
!l3fii4 137UJ199
' 31% 3li; 32
!-■-'■ ' 5OO 5Q-.
l.~... HI 3W.i .
..... 15% 17
..... 2.V 28
...." 12X + 13
...:. ? m. 4 "«.
..;.. 10 ! 12
• 24%! 24% 24%
I 38U. ssv; 39
32 " I 311* 52%
13S% 137UI199
' 31% 81« 32
122 121U 122
1124 lm;His
... . 14 14%
'14 4; 14% 15-
54%! B4-% 651;
..... 3'* SV
' I IS ! 13%
....: ' l%| »i;
; 27 ■ 28
j .... r> : 9
[..:.. 22x; 23
1..:.. -' ! s%
I..... ' 14 ! 1*
' 2.-.V 25% I 26%
..... ' 57 l T.9%
, 145 ' 14«i,i:i45»i
I....; 19« 201
,!ios%!io«i; los^
1 1157. ' .....
I .1105 1107;
I.....!l30Vi!l3lk
way yesterday on the proposed assess
ment of S5 per share, on the 100,
shares of capital stock for additional
equipment is said to have been gen
erally favorable to the proposition. No
action will he taken by the directors
until a majority of the ; share holders
have been heard from. There are less
than 600 of these. A large portion of
the stock is held by financiers and in
stitutions in the east.
The revenue from passenger travel
only for the first four days, of July
was $3,714.35 and it is believed that
when the line is opened to Sacramento
next month the equipment on hand
and ordered will be insufficient to fill
the traffic demands.*' The proposed as
sessment of $500,000 will take care of
20 passenger coaches ;of the most; ad
vanced suburban type and two electric
engines, each to develop more than
1.200 horsepower, now en route from
the east. . ' ,'. . . --' * ■ ■
The holding of,the authorized bond
issue of $1,000,000 :.. Will serve the
double purpose of awaiting -a "better
market and of being available in the
probable events of the Sacramento
traffic warranting more frequent serv
ice than originally planned.
MEXICAN' PETROLEUM E.IIIM.VGS
Gross earnings for Mexican Petro
leum during June, : 1913, were $700,000.
Daily deliveries by the company av
eraged 41.000 barrels.
* * *
- - - . - . .- ■.■./■ ■ ' ,
■ NORTHERN■■: PACIFIC VOTES
Over E. F. Hutton & Co.'s New York
wire came the announcement that the
Northern Pacific has sold $5,000,000 6
per cent one year notes to the First
National bank. The Northern Pacific
board of directors authorized a note
Issue ■of $10,000,000, 1 but only $5,000,000
of these have actually been marketed.
The balance has not yet been executed.
As the company needs additional funds,
the remainder will be sold, although at
the present time it i.« not definitely
known whether or not the full amount
will be needed. - ;
-". "# ''. * .; * ■ j
CENTRA I, CALIFORNIA GAS j
An application by the Central Cali- i
fornia Gas company for modification of ]
: an": order by • the railroad commission I
was heard before Commissioner .Max
Thelan yesterday. The order author
ising: an issuance of ' stocks;. and bonds"
required the expenditure of • part of
the proceeds in building , and -gas con
tainer at Porterville.
The company now ask* that Instead
of building a container :at Porterville
It be permitted to put In a second gen
erator at Vlsalia with capacity of 30,000
cubic feet per hour. The present ;gen
erator has a rapacity of 16,000 cubic
feet and can not take care <of the de
mand. - C. •P. Forney, president of the
company, "was the only witness.
'■' *. # '» ''■
RICHNESS OF IMPERIAL SOIL :
E. E. Calvin, vice president In charge
;of construction, maintenance and opera
tion of the Southern Pacific company,
has returned from a trip to ■ Imperial
valley and expresses himself as greatly
• impressed with the agricultural. pos
sibilities of that region,'* especially
below • the Mexican line. "I I marveled
at the acreage set out in cotton and at
: the • results obtained v from * planting
i grain," said Mr. Calvin. "One section
\of 900 acres, I am <" told, produced an
! average of :30 bags of v grain >. to the
acre, each bag weighing approximately
i 110 pounds. The ground I was : not ' even
plowed. The seed was put -in with 'i a
I disc. I don't believe the , richness of
! Imperial soil is generally appreciated.
i The tales they tell me of the yields on
small capital are nothing short of won
derful." - : ; ?.-.;■ ..-"■--; c •:(;: ■■;/: '■ ,\ y:£ c\ I
* ;*' "' ,'* '.. ■■-■
CHANGE IX ORO DIRECTORA.TB
Timothy J. Lyons, an attorney, has
been elected to the board of directors
of the Oro Electric corporation :to « fill
the vacancy caused by & the ; resignation
!of E. B. Bumsted, 5 former : vice «• presi
dent. - The • latter office will be filled at
! next meeting , of the board.
*.' ' # '• •; '■
DECREASE IN: PAILXJRES
Commercial failures in the United
States during the first half of 1913
were 8.163 in number and $132,909,061
in '% amount of < defaulted indebtedness.
Numerically, this represents :- a i grati
;fying ; decrease from the 8,317 failures
in the corresponding s six s months last
I year; : but. .owing' to ? several tlnsolven
j cies of exceptional size, the aggregate
1 liabilities .rose to the highest point
I since -1893 and ; compared ■.• with •' $108,
--012,223 in the same period of 1912. j
* * *
CONDITION OF SAX JOSE BANKS j
Conditions, of San Jose banks", 1 as of \
June '4. 11&13, from a ■§compilation?; just j
made from ':, reports sent to ] s the * comp
troller and to the " state banking de
THE SAN FRANCISCO CALL, FRIDAY, JULY 11, 1913.
....;.. M*ck»T ......... I ...:: j -T.: 4 . *75% '•£[£'
■..*.■: vDo^pfd...;..;:. .:.*.: ' '.'.:'-:: W - 68
' ' "lOO Mexican Central.. .12% 12% 12 . 12%
. SOOlMez Petroleum... BO 69 09% 60%
....... Minn ft 8t L.r... ..... ! .}:•". 14% Iβ '
......: Do let pfd..... J ...| ..-• 3*% Jβ*!;
* 300 Mil St P ft S 8 M 122 ■ 121% 1-1 1214
1 «, Do pra.r..'..v.. .r... r.'.v. 183 • 140
'...... Mo Kan ft Texas. ;..:. I .'.?'.'-. 20% 20%
200 . Do pfd;.i.;r..: , 57V, I 56% 66% 68
•■; 200 Miami Copper.... 20% 20% .20% 20%
800 Missouri "Pacific;: 30%! 30 28% | 30 ■
:.. National; Enamel..; ':.... ' .:... 10% 1 $12%
....... National Lead...: ( .'. .T: j ::ti°. 43 ■ 47 ;.
::..:.. i do pfd.:.....r. ..-:;. ' ...r; !ioo%ioe%
..;...: National" Biscuit.: :.... .:".:: '112 > IIS v-
.:.:..: 1 Do pfd....r.... ' ..... ' ..T.. U6% li»%
....... XeTada.Conj.'.... \ ..... j ..r.: 14% 14%
....... NY Air Brake..: ..... 77... 60 68
8.400 N T Central »«%j »5%| 98% 98%
400NYNH4H... 102 : 101% 102 103
SOOIX Y Ont AW... 20 . I 28!, 28% i 29
200 Norfolk ft We«trn 103V* 103% 102?4 108«i-
....... Dopfd.r........ ! ..:.. ...*.. 80 85-
....... 'North American. I :..:...;.. «6 67 ,
200'Northern Pacific.. 103% IC3% 10514 1O5T4,
....... Omaha :.V:...-:. i ..... I :.:•• 115 ISO ;
;..:..-. ui)o:pM:..r...:. : ....". :.... 120. jl*0 r .'
....... Pacific Mail...:.. ! ..:...: IS I 10%
lOOPac * Tal... 2$% 28H «J4 2S»i:
l.eoOPenneylTania ..'.. Ill 1110% H0& HOT*'
100'People'ii Ga<«.'. r.: 110% 110% 110 111
../:... Pittsburt Coal....' ."..*.. I :.... 15% 18
....... i Do pfd......r:. .:.".. ' ..... ! 75% T6%
.......P C C * St U... ..... ' .'..'.. \ 8» 94
......'. i - Do pfd....":.:.: ' :.r.. I :rr." ! 06 115
. ;. Pressed Steel Car ...::..'... | 22 i 2« ?
......;. ! Do pfd.vr..'..:. 1 ...:. ' ..... 91 9*
■■■■ 1.200 IUy ?Coneolldatefl. 16%! 16% 16*8 16"4
300 By StoM Springs: ! 23%! 23U 23%■ 24 M
....... I "Do ptd.V..... ..... .".... 91 ! »S v
21.400 Reading .:......: 157% 156% ine%!15fi*4
....... ! Do l*t ;pfd...:. j ..r.. ..... »5 ! 90
....... I Do 2d pfd...... ..;....... M |M
3.000 Republic' S ft I.. 18% 18% 18%; rl»
....:.. I Do pfd......... ..... ..... "6, 77
500 Rock Inland:...-.. 13% 1SU 13 15%
300! Do pH... :..... ! 25 i 25 24% 23%
....... RumlPT ..*......: I :..'.v|....: 14 I 37
.. Do pM.:.;:.:.. .......... Rβ ! «7
■ 200iSear*-noeburk ... 103541163 lieavJieflU
.....:. iSoss Shef B A I.. ..: ■' -. j 22 j 24
„ Do pM......... ..... .•••• W ! «1
...... St L ft S F 1st pf ..... ...:'. 1»% 19%
' 300! Do 2d pfd ..'..: j 6'* •Iβ .- : * *%
.....;. !St Louis k S W.-. .......... 25 ;■• ' 2C%
.v:...-. I Do pfd.::.•.-.:.. '■ ;:*.:. .'■■:• 64 1 66
5.e00iRouthern Pacific. O2T4 1 91"* Sl»*i 91%
1,900 Southern Railway' 21 '-'0%. 20?; 20%
....... ' , Do pM.:;....".. I ......;'.'.. i 73 i -74-
200 Tennv Copper ! 27% 1 27% »V4 23%
lOO'Texas Oil , .. 105% 105% ( 105% 109
... Texas Pacific.... ! .......... I 13%! 14 •
....... Third ATpnue..... ...:;...:. i 30' 81 .
....... Toledo: 8f I. & TV ....:(... Tl ! -7 ! H
200 1 Dopfd..;...... 10 I IS** , 18 ! 21 <
....... Twin City R T. . ."....:;... ll01%;i03i;
...... .Union Ting: ft P. .' .....!..... ■ - *%' - ***
34,100 Union Pacific... ; .|l46> 144% 145% 145M
100 Do pfd.:......: I 81 ij .81U , M% «1»*
.. . United Rj-S infCo: .........: Iβ 18
....... ; Do nfd................... ' 31 «■
........ 0 8 Ce«t Iron P.' ..... r.... ' 10 14
...... I Do'pM......... .......... : 47% 4S%
100 TJ S Rubber 60 f>3 ' .TO 00r;
...J Do Istipfd..' ..•■• 103- 104,:
, !..... Do 2d pfd.:... ..... ..."-. l 70 I 92?
26 200 T S SteM Cor... U%! H3« 52% 52»;
300! Do pfd...:.... 1104% 104% 104% 104%
l,400intah Copper.....! 42}i 41% 41% 42%
....... I Va-Car Chem Co \... ....... 23% 24
....... I Do pfd.-v:.. I... I..... I..... ' 93 •«
400Webas>h ..:.:.... 2%| 2% ; 2% 2%
200! Do pfd.......:: ' 9% 6% 0% «%
.IWellnFareo Ex. I..... 110 1120
.".....". ! W«>ntern ; Union.... .....!..... " 60UJ «>%
100 rWpst Maryland. . .' 85%) 35% Rβ 1 S*j
..:.... ' V Do pfd.i., ' .....I...;. 5V IH
300!Westinghouse .... 57a;! 5" f ' 57 ."S
'W ft T. B........ .....(..... .4U 5.
....... : Do let pM .I....!....- II 1 T
......I Do 2d pfd ....I.'...-!...;: e% ' S%
....'Wisconsin Central!..::.!.....| 43 I ISO
lOOJWoolworth; '.! SS%| SSVit s " ' ■-•"'.
' 165,700--Total shares sold.
•::::
i
12%
«0
pit*'
*■".-•■ I
..--I
I —I: ■■
! fUv i
:•••:
; ••••:• !
••■•:: I
I. ...i
l
»6%
102 j.
29 » I
103 Vi
; ios%!
1 "iiii
til I
110%
' •:••• i
b'-
, •":• i
:::::
75%
64
12
09%
ii2Vi
60 Vi
Iβ ■■■>

121%
140 v ■
i 20%
68 '-
i 20%
; SO:---;
12%
■ 47 a-;
108%
|U8
partment were very satisfactory. "Some
of the figures were: ' ■.•■•••;-
' ;- ',
I><*po«it».. -'''.;"•
$». $5. |l,10».5Hl.!)fl
First ..... MkS,:i«r>.:t.">
;-•■".• '...,. .
City
ami - .....
••'. '.; State ; : i Security
3 ;
or hub
branch):... ..........
Tof 1 $ 1 15,922.76
LOCAL BANK CLEARIXGS - '..,* i
San Francisco* bank =; clearing , ? for
July 0. as reported by the, San Fran-:
cisco Clearing House association, were
$8,421,761:65." Clearings for the 'week
ending July 10, 1913, were v ?24,743;57
(four days only),"as compared with The
corresponding week of 1912: of 650,
--(35.70 (five day?).
Loan*. Exchange anil Silver ;,
Commercial paper...........;.. "Hi (g 6 V.'per- cent
Loans on real e5tate........;. o'iSjO'/a per" cent
Sterling exchange, 00 day 5....." — «4.83i{, ;
Sterling exchange, demand . — <^4.57
Sterling pxobangf, cables...... — <a:4.88 -
New York exchange, sight.'..'.. — Co .01
New York exchange, telegraphic — (§.'.0.1
Hongkong: exchange,. slarht..... — (& .47.5r,
Hongkong 'exchange, teletjrnphie — (a- ' .47.07... '
New York sllTfr. per oettce.... — <di.. : fisy
London silver, per 0unce........ — % 20 7 gd :
CONTINENTAL ">'
New York on Paris . ................, 5. 15 '4 '
New York on Mexico ..............:... :
Berlin on L0nd0n..... 20.44J
Paris oa London ...................... -3.24. i
New York Money Market
NEW YORK. .Juir 10.—Money on call. steady
at 2 to '2*4 - per cent; last loan, '".'Hi" V" cent;
closing bid, i! per.cent; offered at 2Vi per cent.'
Time »loatie. : strong; CO days, .'Ua.'i'., per cent;
90 days,4@4 J /i;p< : r cent; six months. 0 per • •••tit.
Prime mercantile paper, 6. per cent. v :
Sterling • exchange, •■- flrin. with ' actual • business
In bankers' bills at $4.8315 for 00 day bills and
at 44.87' for demand. j
Commercial bills. $4.82*;. , I
■ Bar eilTer. OS'ic
Mexican dollars, 47<r.' ':'?■"'"•
.■ Government bonds, firm: railroad bonds, steady. j
• : Clearlne* in northwestern'Cftlea
SEATTLE, July 10.—Clearings; $2,184,330; bal
ances. (283.286. ;; --.V... ■■:•:■:-•;■ -.-> ■■'-■ ■•■■::'■ A',-
TACOMA. July 10.—Clearings, $501,051; bal
ance. $53,494. " . :
BPOKAXK. July 10.—Clearings. $601,490; bal
ances.'sß6,os7. , ■.■■■■•-*: ~"<:r;\
PORTLAND.-July 10. —Clearings, $1,760,841;
balances,: $150,195.
• 7Condition' of Treasury. v ., \
WASHINGTON". July 10—The condition of the
flitted States -treasury at the beginning of busi
ness was: ■.'■' : Y "•" /. '' ■- ■■ . '■■ ■ ■■ ; ' ■'-•" '. * '
B Net balance in : general', fund. $111,405,323.
Total* receipt* yesterdsy, $2.565,
Total payments -yesterday. $3,901,319.
The • deficit I this > fiscal year ki is ?■; $6,443,031
against ■• a * deficit; of $7,590,075 : last: year, ' exelu
sire. of Panama canal' and public debt tran
sactions. '" *. z : '.'■:.'.'■..' ■, ■ f - ,','
Wilson's View* on the Market*
(From J. C. Wilson & Co.'s private wire.) .;.
■ ', NEW YORK,'. July. 10.—Nothing of Importance i
transpired v. In i the £ stock ," market ■"; today. V * The
steel ;. tonnage £ figures ■ were : published.- and f were
about •as ■ expected. Ijondon ■ and 'Berlin \ bought
some £ Canadian - Pacific S and *' sold % other * stocks.
Traders are ■ still master* of the situation . and
the market is subject to their operations for the
time being. ■■•;>■•.;.;»>?'->■ >, ■■. ■ ■'-■■'■.-■'■.'. >": ! -. ; -'::
r>.; Cotton — It S- was *" still for ■■■-. the most ''/■ pert .;• a
weather i market. ; Reports .-. of ; rain - In : Texas
caused a ■ alight *, decline '■ early,-:.; which % was i ac
companied by general •; selling :by t. commission'
homes. Later it turned oat that Texas had only
scattered -. rains. n ■ The / Liverpool '% exchange I will
be , closed ' tomorrow • and Saturday 'in -- celebration
of ' the . opening of the Gladstone ■ dock :at { Llrer
pool. It is still a weather > market, but lit re
sist* - pressure. ;,, -We >, still faTor.i purchases ?on
reactions. -;<: :•■■■■•'■.. ~ ■'■ '■■ .V ..■-:•"■.■'' ■,•*"'....'"
. BOSTON; ' July :' 10. —The «local 1 coppers showed
a sagging;tendency caused by tired selling. We
can: see ; nothing to change : the situation for some
time to I come, i but F sentiment \lβ > gradually t tend
ing to the fact that the bottom has nearly been
reached.
CHICAGO. July 10.—There was a confused
opening ;in » grains with quite ;an • increased ; busi
ness contingent ; upon • the government ■ report ; fig
ures, which caused * buying of wheat I and i selling
of corn and i oats. The : higher cables and , bullish
report on spring wheat condition were the incen
tives for the strength In the big cereal and this
: was t quickly i| supplemented.« by • reports %of 4 Tery
heHTy export i business ■■ -■. ;-■ <%X- ',■■ a: •-.■■ --.■;.>-v,-. -»/.
;;•'*: We I think r there } is; a sound basis " for the pres
ent prices and that the placing of this early run
of wheat for export makes the foundation ail the
safer; for ' people: operating on the long i side : from '
{the|weafc*ppot!<.; ■ ■ ■■ '■ :.■ - ; ..
' '- ': ■~. -_ ■■'■ 4' '' '""'"' J ''' * •■'- . _ ■■' ' =, -■ ''
. y Refined Sugar Advaacen -. -
NEW TORK, July i 10.—All grades of (refined
«utar were advanced 10c per 100 poonda todaj.
SUMMARY OF
THE MARKETS
Smart rally enlivens New York '
! 'v ■ ttx-k market. \ ;- *•'■■,; -'- ■ ..- < [
' " Boston $ copper* - develop "* : a • tend- <
' ■. ency to sag. /••-■ ;•■ ■:■■ ■' ' "'■ ■'■■'.'*.,< '
' Cotton market a weather affair ,
and easier. - <
' ■ Speculative f coffee ' market nervous ,
;, and unsettled. '■:■■':-" •; l ■ " \c : -"~. "\"
Fair Investment' demand for. local *
'"-.■■■ bonds. ■~',■.:-■• "■.-", .-;.;- ■ '•■'.' ;-:.'■ .' ; ; ."
Tonopah stocks steady 'In V a doll ' : ",
*,■-•-• market. ;"-. • :; : ■■. '-.■■:' , ''. ' .'■' ''■■'■ •'>■■"
- Mining exchange closed today for '
, / funeral of late president. •- ". '
Wheat Arm and higher to Chicago
and abroad. ~\- ■"-'■;.'>'■■ .-'. ' /■ "
:,,>; Several (trades rof wheat lower lo
; -,,?c-:-5cally.-:--.".'- V :■■ v^'.-■ <■>*'- ■■ :■;";"•'
.n't December■ barley option continues '
~ .:: to sell down. : ■■ -.■-••.■..;-.■ ■■'•■-'■/ . % ".'h*j :
, Offerings of spot barley extremely ?
,;-^,llgrht.-,''.H:- ; '-'.v;', , ■■.„■■:," "'•. ■'.■:■'■:■;.--".
i, Butter market maintains a very : ?
• flrm position., T
• ■Reaction ; T follows - recent advance ? |,
• In car*,*. .; ; -:-: ; --':-'- "■}■ \-' : '"\ ; ■• A\
• Good■•; shipping; /demand for river Jn
• «^5 potatoes. y. ■■>.■,'■■-.-"■: "■'-...■■'■■,.■'■•■•.■.."'■. i
I, Choice fruit *<-lllnc readily at firm; T
f . prices. ■;..-.■ :..■;"-.. •■•-■.."''-'.■. ;. • - - 1
J Seller* expecting higher price* for T
» poultry. . -•: .:■-". - , ■■,■',_: "' ' ; ": 'I
A.................................................. •• •■■••■••■••■••■•-O
JI New York Bonds |
♦——:—-_:— '■' '■ "• '---••'' 3 - '• • .——■*
U S ref ~2 s reg;:: 98« Japan 4Vis - ; .■.'';";':'.-.- 80',;,
Do coupon ....-eSVi Kan city So ref 5s 90 i.
Do:3s;reg.:.:.:lo2* L Shore deb 45.1931*00 .
Do :': coupon '1.".. 102 .I.&'• N " unified 4». • 92T-4
'Do 4s reg.':..:.112X4 M. KA. Tβi let 4s 86%
-'" Do;. coupon . .."". 1121% .Do ' gen " 4*4« • < 81 '
Panama 3s pen. 101 Mo Pacific, 4e :.... 6414
Al-Chal Ist ss' ctfs 4SH <Do cv ss '.'. '.'. .•:..' 79 a*
Amer;:Agrlcui:;;Cs.o7si N R of Mci 45i.:"'/j
Amer TAT cv 4s. O»VjiN V C Ben 3 J i9. . 80 •.»
Amer Tobacco 65.113" i; Do deb 4» .?.:.*. RS'.,
Armour -4 M% ...?.80% NY.NIT& H ef S»4" : -"6»4
Atcblson sen 4s. , .'JJSSi Nor & W Ist con 4s 92%
■ ,"■ Do cv 4s, * 19€0/: H I Do .v 4s ...... .102 <
"; Do ct 5s ..: ■.-.- JW'a'Nor Pacific 4s .V.V 9\%
Atlan C I- Ist 4s. 8» i Do fa ....:.:.. e3> a
Bait A Ohio 4s.rol',!i O IJne rMjr 4e4 88 <
Do ZU,» .■/.::.■.■. 80% Pa cv 3"4». 1913.. S^ , -*
Brooklyn Tγ cv '4s.t Ws%|Pa ■ con ' ia.1..... . 99%
l>ntral of Ga ss.tO2VK»a<ilniar - gen .45../95:
Cent Leather'ss.: , MUSI L A S F fg 4*. 67 v
Cbes, & •:Ohio $%':; f»2>i Do gen V65:.:.:\;6l r
Do con ; 4 Vi".... 79' ; i Si I. 8 W con 4s. 7R»4
Cvi:& Alton S'aK. .*iO iSeaboard AI/ adj 5»'71
C. B & Q joint 4s 0.T , ; So Pacific col : 4s..: Sß^j
D«>jcen 4a ...:: 02' i 'Do cv 45...'.;... Rβ v
C.M*-BtP.CT,4Vas.lOlti i > Do Ht ref 4S.VBS*;
CRI& Par ■ col <<=. 63»; ; So" Railway- 65:.V.101»4
.Do ref 45...... 18*41 Do gen.. 4n :';;.'::'.. 73 H
Col.So r&cr.t 4V-s.'9li4 Unlou Pa.-itic 4«. .t »*»-H
Del & Hud er 4«. (>«>•%; Do <••• 4s .....'..: «0,4
Den & R G ref .'.s. M Do Ist A ref 4s. 92 -■,
Distillers 5s ..... SP» IT s Rubber e5.,..100«i
Erie prior lien, 4«. M%ft} S Steel 2d 5s.V 991*
Do gen 4s ...... "0 fVa Car» them Bra.. 9O»i
Do cr 4«. ser B.te«»4 Wabasb iKt&ext 4« 50
111 Cea Ist ref 4s. »6 ' {Western Md 45...
Int-Met 4Uh ... 74* i Westing, El ct s*. B!>Vi
Int Mer Mar 4>js. ;>T" 4 Wls Centrales....- KC'i
' . 4-
I New York Mining Stocks
«" " •'•*•'• "■ - 1 ■' - "--• : "' — —— —♦-■
Com; Tuncel-stock, CPll.lttle Chief ...... 03
Com ; Tunnel bonds f; Ifv;>rexican .."....:;.. TO
Con Va Mm Co.. - 12 Ontario 2.00
Iron Silver :..... 1.00 Ophlr ...,......:.. 15
LeadviUe, Cod ... OS Yellow Jacket .... 15
♦- -— ——7- ~—\ ■ — ~~+'
I New York Curb 1 Stocks |
• (From K. IF. • niton }&.) to."-* • private '■, wire.) ; >
- NEW • YORK. July 10.--A* a rule there I wa«* a■;
better lor.v , today*! market.. North Bt«T was
.j In demand at the close at 0.".. : The ** tobacco
{ Issues cold at higher levtN and 1 the oil* were
i steady.' -.' ' ■-.-■".■' .-.' "-' •■■:.: ■ ■ < '.'. -
'•"•"* ■'■■■Z'-' ] " BM. Ask. I .: : Vt.. '-Bid. Ask.
| Alaska ..'... 3T>; 17% Montana •: Ton. 1 . li»
I Anglo Oil ... IBvj If Mi7!.:ii, \\ .. 4« ">2.:.-
Belmont . ... >6 - ■ •'•'< Moats J Sln> .01 CO,
BradenCoppr- «V 07* Ne> Hi!»e ... DO 0: , .
r Do 6s ....18S 149 Klnlsoins: .... <>% ftfe
Rγ Am Too. 22% 2l'*6 Ohio Copper. .9-10 %
i Bri«ii«h (V.1.. •«.' li;•■; •_'% Vac (}*»o com 42Vj 44 -
; Run* & N V?; l Do nM —S. H7
Chi : Subway.: 2-t - 3»» Sen.To.r .... 20 22
Clui»tt-rP.ibOT 4.T.i 50 .Sioux "(.'on ... 2 4 ,*
Do f.I ;..',S2vOf»qS W Miami.. 8 7
Colorado .... 14, 17 So rtnli .'. ..3-16 3-16
Con Ariz: ... ■:. .H • "•j'StamiMril- , Oil.
Davis Daly.. 1» '2V ex "Mb" . . .3".2 -?,T,i
Ooloree ..... 2 4 l>o Cal ...16!> :17l
F.I Rnyo .... 1 ' 2 ■ 00.1*d;t...32tJ > 320
J.ly Con .... S'---'trt ■{ Do Kansas. $10-v;
PJ r«co .... 2% 3- fstcwart... t'/a .1 9-10
Emerfoj! . .*.-. -•". " S3 :T<*hi'<«» I'rod.lW 120
F Do {ifd ... 80 90 I -Oo;pf<V .... 82 Oft
Fir«t Nat ... 1 :> 8 I'ilTon <>{ S>-\ . . 4i.a-43i ;
Fraction .... ■" 4 Ton Kxlro .. 21if "%
\ Florence .... 30 * S3 [Ton , Mrrcf-r. ..' US ■60
(.irmiT .. jsj IVilTri- Bullion.", .'i" "'i
GUI Daisy .. 2 4f, Tiiohimne :;. 1 in". 1 3-10
f;id'B*'lniont. 2,4 ''"n CI?; Stores SO'-i 81
I Oreene Can. . .V-j •"">, United Copper — '..
. Tlnlllnjrcr ... It', 17 '' On pfd .... — 4l :
'I la lif n v ..... ; l>; l»s .S^Uirhr..; "S l -i ; »-'
Iron Blwumß.l2.* 185 -,U\>st;Pac R.«-. 5".. ft
I !"1 TV.lhhrr .. 7 : . S', Do "Sq ;,".•.. 73% 77
! .Tim Batter .. 68 ."1 iWcst T">v pfd 4". ; . 47* '
; Jumbo'Ex "... 10 1" ! Do'rom ... 15 IS;'":
K*rr l.ak. . ~",V- '■'> S-lClWort i:r,.l ... 1U I«|
I K«»ystonp .... 1\ I % WCttlaufrr .: 12 - 14 v
j Lailtose::... 2»i 2'- Willrt. Uvrn.l r,O. •;(> :,
j ('■lii«h Coal..lM 105' " Do pM .... 80 t>O .: i
I Manhat Shirt Sβ 70 (Yukon -. f... .. -', ' -'.
f * Do f.f.i ... it* 102 IPrnir'elOll ..see .".CO -
I Man Transit, 1 , -. 1 % Vi.r!iu;n .... .174 ! 177 .
I Mnrroni :..... ?,% -i jCont. oil . .... 103 .j< ii •.■".
Mnso.i Val .. .*.'. r, !Ut«h S<><r ... : ir.'.i 17 -
Mars Oil ... 20 22 f. Bα nates :.. 77 .' 7<' j
j MrKinlpr l B-W I '.11-lOJAtlantfo'. ref..Sßs .005 ,
.Miami C« ...188 17" 'Swastika .... 7 f>-
Mines of Am 2*, 'J , .. Cl<l Con ....111 16 1%
-*~— — '— ——— —1 .-' —"" ~, : ' '■■■' ■ ————-♦-.'.
I Boston Stocks I
■♦ ; ' ' ———. .' './ 'V ', : .♦■
(From K. \F. Hutton; & Co.'s, urlvatp wire.) -
BOSTON, July 10.—Copper sliares showed somf
Improvement In firlres. . actiTlty: and volume.
*hoiiKh i the :market was. very narrow. .Tamarack !
; I i"» 1 the tradinp. KOtn;r;up more. Than two poi;>r«
■ duringithe first lirnu. ~ Alaska-1 was activei find i
I etronpr. early. \ but ; soon _ lapsed | Into | dullness. 111»e
I market.' became rery " quiet 'i around ':li; o'clock.
! Ijondon(cab]»d some concesslons■, ls .copper,' metal
lynotations at 1 IV' to 14' a c. while oar -home
j sellers held •to 14" 4 i- for-"near . <l«'llv*-rie%. , ■ The
j market continued extremely dull up to the clew*,'
with 0 few -stocks awitauliig fractional, lossesi
'in the late dealing*. . . ..* - ~
I • • . "_■■- Bid. A«k. Bid.' A«k.
Adve.nture .. I 1 * l-Hj^hanoon'..... r<!? -, C<4
I AUoupz ..:..:31% 32 <antii Ke :..'. -IJiVl 8 ;
Arcadian ....: :• -1% I',! United "Shoe. . 4"i- 4514
Ariz. Com-..".2 9-16 2% l>o pfd 1 .;. -'7 28
Alaska 17' 17'-Super A Boat. 2>i/2%
A V ......;. 2% '2% Super Copper. 24?; 2.">
Do pfd ... 17 1714 Tamarack >.:.. 2S\< t 2t» ■■
Balaklala ... 1% 1% Trinity•:..... K'j M
C«l & Ariz. . »Mi «'•■> r '■' 8-' Mining.'. '> 35 M
Cal & TT.erla.4l.". 420 ! l>o pfd .... 46 46i;
Centennial .11 12 Utah. Apex ■'" 1% 1%
Copper Kansre 3D : :::»•.,. ii nil -Con >;."..' ft ' 9Vi
! Daly jp Went... -" ■ — <■<' Victoria V:...!- —
I Ksst Butte... 10 ~-ji(i\i\ Wolverine . .44 45 ;.i
Franklin .... .". 5& Wyaudotte -.. 05- 90
i Oranby ':.... JAM 54%jWlaoea ....... l>4 ■1 »*
, j Hancock ....15 in c Greene; Can... :5% ;6 T
I Helvetia ...W. 75 J Glroux .::.-. 15-16 • JV4
Isle ;Royale..;lßV i in Ray Con .V... ieu,'l6Te
Indiana ■ . J .... :4% ■81 A.lgotnah; .- -" T,4 .1%
Kerr Tjikn ..3 -16 3H Bos'&:: Maine. 53 ;> —
Keweenaw .. Ili 2Vi Bos & Albany.l 97 —
Lake: Copper. ;7 Vi 8- |Bo« Elev ..-88, 88%
La Salle .... ,'S% ,4Vi TTnited Fruit.. 1514102
Mass Con ... 2'i .8 - (Swift ...104 ior»:
Mich; Mm .. 1 l>4|Old Colony .. 3Vi 'SU
Mohawk .... 42 — (Mayflower ... cvi 9 i
North Butte. 24 2414 Zinc/."... .....13 l«>i
N'ey Con ... 14 Bntte & Super 21% 22
North Lake.. 1"; .2U Island; Creek.. 48 50 : v
Old Dominion 4,"Ui 44 ft I'Do pM .7." 7P >SO*
O*ceolac.. ;-.:•;74% 70 [V X ?....*. ..r-ieVa**"
OJlbwey .-';.*:;• 05 Rr> B. N ........ 80 100 •
Quincy ...... «J?i 88 .
New York Coffee Market
NEW YORK. , July 10.—Prices. moT«<l lest vio
lently iin the • market :• for coffee future* .today,
but the j trading I was J eren more | actlye ■ than! yes
terday and '• the \ tone • remained. nervous ' and un
settled. -' The opening ■ was weak . at ! a decline iof
17 to 32 points tinder renewed liquidation, which
probably Included selling- by some of yesterday's
late I buyers who J were disappointed \at .the I show-
Ing, of ; the European' cables. Actlr* ■, realising by
old shorts and some fresh buying was encouraged
by reports of a better turn In the Balkan
troubles F ~ and y reports -of; a rather better spot
demand,- , ; but i rallies of •20 te j25 i points -' were
barely.: sustained. - At • the : close; prices * showed ' a
net loss of 9 to IX points for the day. w •
?& Spot s coffee * nominal; • Rio i 7s, *> 9o; »• San ton 4s,
11 He. ■■; Mild 'i coffee Tdull; •■; Cordora, vi 1 16 He
nominal. '
; COFFEE FUTURES .-■
;i Option— v Open 7 Hlgb Lew ,Clone
July *.........:.... .. ;-.: '■■-. ?*.".-* - r.: .S 8.42«
August ..■.;.....'.....;....' .......'..*;. -.8.51 c
September -s .V..;.;.. 8.4<5c R. 680 8.46e 8.64 c
October i ....;.::.... 8. D4c ■■?■ 8.75 c ' 8.83 c * 8.74 c
Norember , ;'.; 7.;.'....... ;■■?■.. r.. .* •-"■.'."..'. A 8.79 c
December .......:t.V 8.70e ;: 8.05 cV 8.«8c 8.84 c
.Tannery .........;. .'.:.;* .t;:. ".".'..'*;;;;B.BBc
February ' .-:...........:. .. /.. '"■ ... .*: 8.94 c
March i; - 8.79 c 9.08 c 8.79 c f 8.99 c
April ....; V ..... ;.:v.;i::.::■ ».02c
May '. ..8.90c i 9.15 c 8.90 c 9.04 c
June ;.... .-.-;;. ;:;:. "9.05 c (
;" 5a1e5—154,230 bags. - ; -'; : ; " ' . ' \
New York % amd v London Ssietal \ Market!
Ui NEW. C TORE, ■i July » 10. — Copper — Nominal.
Standard, spot, 13.50 c bid: August, 13.50® 14.23 c;
September. iS.er.ejH.lOc: electrolytic.- 14.50®
14.75c;;1eke, [email protected]; •14.25ff114.50c.
, Tin—Firm. -\ Spot »to s September. 89.37039.67 c.
Lead—Quiet at [email protected]. .-.. fc -• ' '
Spelter—Steady at 6.2708 40c
;,• Antimony— Cookson's,' 8.65 ®B.T5e. '
? Iron—Dull and nnchanged \
London markets closed s« follows:
\- Topper-Quiet. Spot. £63; 1 fnture*. i 63* Sβ ' 3d.i
T.n-Firm Spot, fiW; futures, £179 15i.
Spelter—£2o ]os.
i Lead—£l9 7s 6d.
Iron—Cleveland warrant., 55. W. •+. 1
SAN FRANCISCO STOCK AND BOND EXCHANGE 1
- United i Railroads bonds showed* marked improvement on the San Francisco
Stock and Bond exchange i yesterday, selling: up to $52.25. Other bonds ; remained
firm, most i demand being for i Gas and Electric 5s at $84.87 H;; Pa cl " c Tele "
phone and Telegraph 5s at 196.25 and Valley Counties Power 5s -at"l?S^sO .--■-*
?.:■,' Associated Oil stock remained unchanged at $38.50 and Pacific Telephone
and Telegraph preferred at $91.75. - :: hmm aaa ««« v ~r
, In the listed department sales totaled $35,000, while 230 shares of
stocks were transferred. -i v . : '*:-.r-, : ;;-;",■- -:.-ui ■ •"■;'• '-<''.:'■■* .-'■•'•■ ';'■?■'■-'' •- - .., ' _ ... ~ eo
For General Petroleum $59.25 was bid in the open market,- while Pacific Gas
common remained strong at $44.' Western Pacific bonds sold at >u.»ili>. ■•-■• '■■■=.
Sugar demand remained strong. $25.75 being bid for Hawaiian Commercial.
This - reflected * the demand for ■ raw sugar iin New; York, which sold at 3.61, a
gain of J .30 in one month. ■ J "•■ ;, ~ '-.■*.■■ * , ■*
// ' I - LISTED SECURITIES V-' -.-*■'.. ; '
SALES JULY 10, 1913 |
.-'.'■ : " Morning. Session ''■■'.'■'■ ■" 1 ' ' ' Afternoon Session - .'•■'' -
: ' '•; ; -Board— • -■-■'■•..,■.■■--'.'■■ : ; -":. . Board — -.-■ ■-.. ■ ■ A
.SO Associated Oil C0..........:r. .88150 v' 50 Associated Oil Co. b,6.. £»*/!
,~ —45 Pacific Tel & Tel tpM> :.:::;. 91.75 , \ 25 Associated Oil - C 0...............83.60
$1,001) Cal Gas ft Klectric unifying 5».':02.87»i '. ■ Pacific Tel ift Tel-(pfd>. .. .'.... 01. 7.>;.,.
$2,000 Los Angeles Rt 55....... ...102.00 $1,000 Cal Gas & Electric unifying.; s*. 92.00
$1,000 Northern illy; Oβ of Cal .. .105.00 $1,000 Paolflc Gee , & Hlectrlc 55....:. 83.< MV
% 1.000 Pacific I Gas & Electric 5». 84.87»-i J $3,000 Pacific Tel & Tel .....;:.. • f 6 .-""
$1,000 Pacific Electric Rys».i f.:.';-. 101.50 : * $1,000 San Joaquln Light * Power Os. »7.00.-._
: ,25 Pacific Tel ; & Tel" ipfdi ........ 91.75 ; $1,000 United RRof 8 P4c ......... 51.50
i -Street—, *. ■■ ■'■ -V> ' . - -. ■ Sl.ooO;Unlted?R Ro( 8 F-45.......... 51..3 .
$2.f>00 t A Pac R X let ron mlge 100.00 $1.000; United RR of 8r,45..,.;..... : . M.TO
$4,000 Pacific lias & ; Electric -'ss. ;.:.. 84.87«, i ? $2,000 United XII of 8-F *••••; .™S
-'$5,000 Pacific Tel & Tel 5*.. ..*.'.: .96:25 * $5,000 Valley Counties Power Co 55.... 99.50
■ •- ■- •■■* ■■ • ■■•■• •. •-. ■ . •-• ■• ■..'■- •■■ ..'■.: ■;•:'■.'-"'Street— ■"■-■ : " -";■■■ ' ! \"?- : ". ,
■ J52,000 Pacific Gas & Electric 55...... S4.B7>j
CLOSING QUOTATIONS - ,
■V ':: : BONDS : ■:".-.-.- , .-"- I •;■">. ris ■■.■ ! , Bid. ARk. \ *> ~ vk Bid. A 4,
■ Miscellaneous— ; Bid. Ask. Oakland Transit Co 102 107* Bank of Cjl. X A... — » V,
Alameda: Artes W ss. —;»6 : - Doss ....: . .......-— 104 Ciltfornfa St. R R.. . •{f** ml ,
Associated Oil iCo ss. - 100 , Do ' Con 6« . .'■'. ■■• • - 102 , Ca Fruit Canners .. .116 - ns.i
Bay Counties Pow f,s. — - 101 Oakland Tree Con os.;— 8* C«l »'• Co A (par !**»)- .-- ■/_.:•«•
CalCent Ga» &El 100 _ : Oakland Trac Co sa. — W C *,V T\ ln» Awn pM-- 40 »i
Cal El Gen s*. ser A. ';— 'So "; lOmnlbua Cable Ry 6s. 0715100 ,- Do ™ m ™™ ....... 40 ,S
Cat G&EI g m 4 ct3 9 . »9<, . Ore : Electric Corp 6s. — . 8714 »1 dn *•«*«•".f""^^.^
-. Do ~ unify ing * 5*.... 91 %•82 C, Pacific j Gas ,s Imp ; «■.. —.> 0* ! » r ?v .» L J ns... -30 ro .»
California St Cable 5,. 102 I Pacific Gas A Elee ss. 84", — rit Nat Bank of S i. 2*o ,-raw
California Wine i 6«. .94 97 - Pacific Electric Ry 35.10 V 102 Giant Powder Con. ... .»,*
Cent Cal Traction U. - '" I B3ft Pacific Ught * P. 6«. —v, 93 : Hawa an < °ml * £»«■ ;»* _
Coast Counties UtPß* - 95 r Pacific Tel & T.I 58.; 96 - — ; Hawaiian_SuKar^Co... -4£ — ,
Contra Costa Wat ss. - OSyi Park & Ocean R R 6!..,— 100' i Honokaa Sugar Co..._. I*
:t Do gen m tge ■ 5«.:. «00 — I People's 1 Water JCoss*—- •* 76 Hunt. Bros / Co_« pf &...., »»h
Edlson-ElU.fi: A 5.5.971^.- SaclEl. Gae & ; Ry.'5«.100^102-- Hntchln-on Raj Platrt. — ■• "
Edison Light & P 69.104?; —: raarat/eSE iS ?HS - y
First Federal 83Vi -:S Do Cor 6.. aetlw A.lOl - Mntnet. P °" r C ro tOn so fl ;.
First 1 Federal Trst Se.UJOH — - l>o Cor 6v series"A.lol - — £ ■ P o^"' r t 'r« 20 N —
Ferries & CUff H R<ta. --.7100i4S X Electric R.r '.>..;— ;W; S r ff'coVo nfd'" — «tv
Great Western Pow 5s 80%- 83 , SF.Xapa & Calls R 6?. -- : 102 Oro l r ' c on Corp pro. __ »
Haw (om! & Sd E Bs. - ,1O1:- SF. Oak &B J B/W M - U^v^Ti ea / Plant' ISXi —
Tahoe RAT Cs.':— io7'r Do 2d mtjre ss: .. . — «2 ;^ ,n Y" "if" Alarm A^
Long . Rear,, C 1 ONtt! - " 102 \V. Do"; Con Ry Re.t.. .-/. »0 lac, *« a ™: 90% —'
Los Ang.Gas &El 6?. —' 100 BJ* S Clara , R 4S». •— ..00 .* *£ C^ m "° * x P __ 100
iDo Corp;si;v;;.;.. TK) 92 > annts-BarberaO4Bl6Br— -i ICO _I>o c ?™"»J n —
Loa Angela Ry ss. .ir>l«/. 102VSPRR efOUl .V..105«4 P«cWe »£* Coru nfd : - W
Do Corp 5«...;./.-. 90«4-—- S \ SPBranch R of. Cal 8* — 121 y P "n' fi (.orp pra — 106H
Los Ant Light pro- r. s . - 100% gPR R M r*f rte. w% - »• T>°* TeVpfd. niU*-
H-Par RR of Cal 5s — iOS S i Val Wat' «en m 4s. 88*4, — ; ' ri . Bf J'' * pl ° 28 1 —
Marln Wat-& Pow ss. 9J)!i — United Gas & F>c 10014 r-JDe' wmnwra . 50
Market St Ry loin fe. — IB ' United R R:of S M«.M , - People «JV ««r Co pr a - 2*
■ffi wsi&s s«- v " --war s - ~1 • =
SSJBTStSfii :.S IS&Sa."S.*S%«»SSrvS t-. D .:: » »
Oaklsad Oai>/L&H n«.;-— -ITO v Associated Oil C 0... ., 38% ;3S»r Lnlon. su e ar u«......
Oakland Water Js SJHj — ! . ','■• "■" ' ', *-.■.,. >
I'XI.ISTED «E(XRITIES
SALES .IULV 10. lfll -.««*
SO -Parlflff Gas * Electric (<*■).. 44.00 ' ! $5,000 Western Pacific Ry 5s .'....-....• 75.87H
10 Western* Pacific' Ryrfo. ........ 6.00 I . ', : t , " »v. e»»,
,The- following are the latest quotations for unlisted securities on the .an
Francisco Stock and Bond exchange: % ,': - ; '_;,. .. v^
BOND"? >■-'-■ '■ ■ '■•'•'- : '-"•■• ■'■-■■ =- : ' : Bid.'Ask.J - '„ Bin. AUK.
Bio. ASK. ** el/
' - . • BM. A*. Seth Pacific Coa.t 4s 87% - j Ocean .Sbor* Ry .... _IV,1 V, --
AlMk« Packrri te... .104i.1«e5% So P.C S F Term 4..80 .S7 ! Oak. Anl loch &X'"' 'm -
A:r Rlror Flee r.». 90' 2 94 Telephone 55..100 10-1, o«« I^L)ra^ -- Co - •J*
Associated Oil Ist ret 80 M, | Sperry; Flour 6<»..:...— 100 ■JOr^Dere opme nt u>.. 19% --
Bay Counties. Pow fts. - • 10314 Unfeo Otl Co B*- ■■■ • ~ £• i owl Dn.a" Co Pfd' ::".:— !«
RIM UkN Wat MI!M .— UnltedLlgbt *. P M..—. M ' Owl fl u ™ P i nfd _ 9.-,
Hunt Ufj i Imp to. - 101 Yowmlte \«1 I RT -.'• ■ - » ra V a VSI Voo'w '. -60
! lllSiiii isSiilii
«aa.-~s«-i::« S wU".«.«- g s , t! "R£,:::::::: „■?
. ifeiacy&a ~:, BSaHf BBBQ
■sarta-.*RriJ= weSiEgSsn - 5 a
Standard ..s.Pt-9« v! w«t KlfTtr'c - 3'» —' ■ Western Amer Realty. — 20
s r '.«' 4 tope 4*W. — »2 1 nTeemSiea .'.... 30 - W»«t*ni Sttt«e LM»... c 9
• 1.0 non callable.... -- «8 | ~.[ c a Or^ nk " ot S ay. -- 2r,2i4[ Western ..Power; pfd... 43 '•- — .
Sis afelj •s1 8 -giir"-.'"::: sr -"— : -"- '°
! * -. r
Mining Stocks |
<! ■■'' - : -- -— ° •;•••"." .,.-\,-»
Moderate Bct'lVtyilni a i-.few of the .To'iopah
favorite, tJi'af. wM ; eceonipanl-il by a d!»U3 °>
Amines* the feature>f>f tta* • mark", Tor
Nevada , rainlnjr share* yesterday, i trade : In the
otliir creep* bete* of * small v » me rtr s^ p T n ' p «:
with prk*# * *howJug little j change Vfrom ™"
darn closing levels. ..North:Star. whs the. armest
of "tlie-.Toaopab* In the early board room tie'»» n **?
Lml'lt ' wits J the " most active . stork: M the - list
beside* On the V w York curb; the. "took closed
firm at or..-. which was th- htjrhe<<t price reached
here on '-re K u la'r! ',' «•»•• >- Tonopnh Extension de
veloped gome firmness .In, the Into , trad* .and i rose
to $2.30. but r the advance \ was not fully ■**«»-
Ulp«j, although; the stock closed ; higher. 01 the
; (Ut sTonopah =-:Merger, recovered ?om«« of . the
jrr/ntnd. MM the preceding day.; Midway, had a
"mall advance;and West -.End; found it- way back
to the SI.SO' level. iinlifBi receded;to ■ 11.33
after 1 OOOfharrs had round new < owners » at
Wednesday's i-ri.-e. Rescue 'iva.«-cliiiei and um-
Th| e<, sitntion /in th* GoIdftrKiV rnMtned
exactly the MM , as on the preceding day.- trade
being of small proportion*!., with prices, adhering
clo-el7 to Wednesday's-, final lerels. -~ ■ • , V.. o '
i Sierra Nevada ; was* an active*feature.of the
Com<»tock«: - more! than % 6.000 chares f «Uanglnc
lnn(i,-«t m<(ii4c - against a closing price of, I3c
"'"Wednesday. : Consolidated Virginia.' Ophir and
Union •; were dull if ami unchanged, t wUUe; Mexican
had a hid at We at the close. ... - .
The funeral; of A. R. UuBglec. late ( president
of the Snn Francisco Stock exchange., will be held
today and th" hoard will remain closed all day
out of respect to his memory. The members of
the exchange v.iti attend the funeral In a.body.
SAX FRANCISCO STOCK EXCHANGE
Following were the eales "on the San Francisco
Stock eiebBttge yesterday: , :
Reiriilar, MornlnK' Session . .
'>.VK> Bine ' f Hull ... Olj BOO Midway 41 j
"300 rash Boy .... OS 1000 North Star ... >«
500 Con Va M... 12 COO Hound Mt .... v<.
100 (Jld • Con • M • : .1.701 WO Savage ...". .'.V.I
900 Gould * Cur. Ml 100 Tea Exten ...*.->
1000 MacNainara •• 1T|.'
■ ,--^,■.,•.-- : ? .-: Afteruoo i .Siess'on
10f)0 Blue Bull ... 0JIS500 North Star ... »■'>
800 Con • Va M.... 12 flee Ophlr . :~ .... 1»>
200 Con VaM.... • lejiSOO Rescue Kula .. 23
CoViO I>exler L'nlOD. 01 1100 Hound Mt .... 47
-000 I>ex VT Cap*. OS flOO Savage ....... 11
2000 GUI ' Merger - M - IT , .".CO Sierra Nev - ... : VJ.
1000 Halifax - ...vrUUO 2600 Sierra," Nev ... IS
-000 MacNnmara ... 17 .100 Sierra Nev ... 14 |
1000 1 Man Crescent. 05 -'00 8o*Enreka M.2.00
1000 Mon Pitts Ex. 13 1800, Ton Exten .r.2.25
1000: North» Star -.-.-. «3 500 Ton -Merger ... .'.7
5000 North Star. .. : 1000 Ton Merger ; ... 5S
rw. .,,,,.■; Infornia»"Session ' ■
1000 Atlanta ..: •• • l.'I 500 North Star ... *>."»
J 200 Belmont " . .V.6:10 1000\ I>o. ; b 30. . . . M
600 Cent J Eureka.'. ' 12j 300 Occidental ..:;V; 13
400 Cent Eureka.. H.300O Rescue Eula . :■- •-';!
300 Con Va M.... ; 13: ."500 Savage -:....'.. «
lOOO Oldi Merger ? M JTi'JSOO Sierra 1 Ne» ... 14
2200 Gould % & Cur. .01 j '500 Sierra Nev ; ... 13
500 : O West C.b80 02' 300 Ton f Exten i.. .2.30
1000 Halifax .....: 1.351 200 Ton Kxten. .2.27M,
1000 Jumbo- Ex ... 11 BOO Ton Merger ... 5t»
1000 Midway .J:.'.. 42) 250 Ton of Nev...5.W
500 Mon : Pitts Ex. » IS ,- V) . West \ Knd . r .;. 1.SO
200 New York ... 241 i500 Do. b 90 ..'.: 1.30
- CLOSING QUOTATIONS
■: •"• - ; • ■>../.■•: CALIFORNIA O--:V '- ■ r.';: ■■,-,
'' ',: ; '■ ■■■.;■»■' ■. '■ - ■--■ ?■;■>■; '■ . [ •• Bill. Ask.
South Eureka M Co ?.'../.'...........'.1:50 2.00
• ■ •■...>-."/■;- ; vNEVADA*: V ■';■• ' yif ■ :.;^:".
/.' ". ' * - '.'. </otn«ito<:ks: "■-.-■ - ;- '- : : - : :
.. .Bid.Ask.lv :.:.-.'. Bid.Ask.
Aloha ....... 01 02 Julia Con Y...C 02 Vi 04
Alta .......'..06, 0T Justice :;.;:;.-■ 04 06
Andes ....... - 01 02iKentuck Con.. — ' 02
Belcher ..... .Iβ "19 Mexican ...... 72 .75
Beet t"&: Belch. 05 06lNew York ... — 25
Brim* CholUr. 10 — (Occidental -*.T.. .70 - —
Brune Potosl.. 10 — [Ophir "........ 16 17
Bullion ....... — 02 Overman Y;.... -- ; M
Caledonia ,...1.« —Potosl /.rh..'..: 01 .02
Challenge .... 03. OSiSarage .-.:. .. 11 12
i Ohollar ...... 01 02|Seg Belcher ..09 . 10
Confidence ... — 22 Scorpion ...... 03 • 05
Con Imperial.. :^—- 1 01 Sierra ,^ N>t ■; ... ';!».- $ 14
Oon Va M.... S 13 14!SllTer Hill ... 03 07
Crown " Point:. 26 . 1 80 Union Con -.. :Tf 08 "* i 10
Excheqner ... — ':--: 02 Utah y.. .V...".. , OR : , 05
Gould - It ; Cnr. — -: 01 Yellow ? Jacket." — * 25
Hale li Norc. 05 >-\<» ";*!•'5,'•::"*:' ;■ \ : ;~'.y:,
. f -, v> -' .';;: Tonopah District ;■■ " 'V
Belmont * ... r; «.07 6.12!Mon « Pltt« , Ex; 12 ■ • 13
Boston Ton ,':: K 03 ,;. 08'North , Star ; ... 95" \ M
Canh Boy 07 08 Beecue'Eula ..21 22
Grt Weit Con. : 01 i 02 Ton j Exten .2.27 2.30
Halifax S.'*..*;. 1.35 1.40 Ton Gypsy Qn. - 06 07
Jim Bntler .. 68 70 Ton Merger J....; 59,; 60
MiTcXamara ; .. 16 > 17 Ton | of % NeT...4.75 —
Midway :....: 41 '42 Ton;L76"Con...\ 01 H 06
Mlipab J Eα 7>V: 46 v 60 Imatliia ..'.'.. 03 04
Montana ' f.'.'*".: 1.02 . 1.10 West ) End rr.f. 1'. 27 1.80
5 / .. •' * - Goldfleld District - 1 ''. . •
Atlanta ...;.._. 15 v le'.GldvKewanas:.,: 02 ; 03
Blue. Bell .V. . — . : 02)Old Merger M. 4 17 18
Blue : Bull ■ ... f ■ 01 02 Grandma-' .r... — 02
Booth;vrr:r:.. 02 03 Oreat, Bend :..01 - 02
COD .-.".. 03 04 Grt Bend Anr. . — ".. 01
Columbia > Mf.. 01 oa Grt fe Bend Ex. — 01
Com Fraction. 03 04 Jumbo Ex.:... 11 12
Conqueror Con — ;> 05 Lone c Star Con. 01 02
Cracker Jack. — 01 OrofcVrv: .•!::.??£ 11 12
Dmd B Butte. 02 OSjUed Hills 01 02
Dmdfld Daisy. 02 03'Red Top Ex.-, — 01
Florence ..... SO 34 Sandstorm Ken — 02
France* Mhk.. — 01 Silver Pick Con 03 OS
Old Bnndog... — «SSO# Spearhead! Gold 01 02
Gld Con M. ..1.67 1.72t Vernal 00 —
<JM Portland.. — Oil Yellow Ti*er.. 03 04
i, . . -
M.irfloTrer Con . ;.."..'...'.'..'.... — 01
Manhattan; District >
Opxlcr -Union.!. 01 ,02IMan Dexter '.. 02 0.1
Gold "WedgeJ. 03 -04 Man W Caps. 07 08
Man :'. Amalgam 01 i 02'Mln Hill Con.. — 01
Man-Rig .Four 40 42 Morning Glory. 01 02
Man , ; Coo .... 05 " (XI Mustang" Man.. — 01
Man Crescent. —■•Oβ • ,<
.-• :• .• , Other Districts
Atlas Wonder. 11 — Pitts S Peak.. '45 50
Kaglf's Nest.'.- 01 -02 Raw Coalition. ■ — 01
Fefrvw <; Bid 02 03 Round Mt ..'.. 48 49
Mew Hills ... 92. 94J .
Oil Stocks
' SAX FRANCISCO STOCK EXCHANGE
. , v v Bi«l. Ask. i ,: : Bid. Ask.
~A*«n Oil ■•.'-. 38. IX) —-Pacific : Crude 23, .. —
Ceribini .... ''■" 1 79 Premier .... SO —
Clnremont.. 5.1 60! Record i..:.. 1.00; —
Coal Central 20 —(Republic .... 10 si —
Coal Mouwk 60 8." Sovereign ... 08 10
111 , ; Crude .. ,— 0518 -W.\* ,8..V 10 \V —
Marirona 30 in —[Sunset Mon.. — 1.00
Monte CrUto """35 —Turner "...*.. I:S3 '"'■"■•—
Occident*].. 25 —IWotyerlne ... 60 '.-.■ —
Omilt Oil.. TO —!w X Oil Co. 1.90 —
OS AXGELES OIL EXCHANGE
(Special Dispatch to The Cain
m LOS AXGELES." July 10.—Business at th*
local'Stock,exchange today.; was quiet.; The trad-
Ing :, was*qulet. and centered largely on the oil
stocks.*-Martoopa Northern was firmly and slightly
hlttter.:. Sales of 2.000 shares r were recorded.
with the price ranging f*ora4}ic; to 4%c. -."Asso
ciated Oil ; sold thi $r.s.s7l a " w 'th -J sales of ;20
sharps. Union Oil- reported Bales of 710 shares
at ; s74.*> ,-■. ■ ;■' •■ ■' -- ■' ■ •-■ ■ '■ - ■ ■ >: ■ _ ■-\
!- ; -;Producers—' ' * " /Bid Asked
Amalsamat"d Oil C 0.......... 85.00 \—'
Amu Plated Oil C"............. 38.."><> SO.OO
I pity Cie.-k Oil & Mining Co.. 62& • 71
Urookßhlre oil Co ....-......: — ' 65 -
r<Urforn!a Midway Oil Co. 14... —
Central Oil Co. ......;...:.;.. , — S5
Columbia" Oil; Co ............. — 85 .
Continental Oil Co ...........r — 25
Euclid Oil C 0... — -20
Uiabe Oil Co 01' i 05
'Jade f Oil Co v .: .... Oβ 08
Marieopa Northern- Oil JCo ... ; Iβ 17V4
Mascot Oil I Co.. ■■■-r~ 7.-»
Mexican Pet Ltd (pfd)....... 84.00 90.00 :
Mexican Pet Ltd (com).'. r.».\ 58.00 : —
Midway Northern Oil C 0.:.. / -15* i . —:
I National? Pacific Oil Co ...... ' 021*
I Olinda*Oil*Co. :.'."....:.;.....■ 2«H ; 321.4
I PeunfiylTania Midway. Oil Co.. 07% *:■},—^'.-
Rice Ranch Oil Co .. .... 6."i 1,00
Traders'. Oil Co :...::.."...'...: — 48.00
Union Oil »Co . .*.......;;...:".- 73.82% - —
Union ProTident Oil Co ..-.'.\ 8?..10 . 86.50
United ; Petroleum Co .";..':..*. 83.50 ' 88.00
United Oil ■Co ...............- 10 -14 5
Western Union* Oil Co ....... 70.00 85 00
. \\ - '-** ; ■ sales«•■*-■: :X " ■' -. -'■ *
■■'. ■■ r ;'. Morning : Session .
\~l 20 'Associated Oil ■Co ■.:':".. ........ 58.8714
'-i ,, 10 Union Oil Co .:.v......;... :. 74.00 V
1,000 Marieopa Northern Oil Co .'...... \ 04U
Marieopa Northern Oil Co ...;.... ' O<%
- rBS Amalgamated Oil .Co r. ......V.... *.-, 00
■ • 10 Union: Oil, Co .'.'-."...:. . V...... 74.25 1
' 10 Union: 011 Co '.....:..:. .-*.' 74.37 Vi
■ 5 Vnion Oil Co ......1 ...:.;;."..'..■. 74. •-;
• "''"■'?■ '"■. .'.Afternoon Session ■ . -■ i
...^BT> Amalgamated Oil C 0..:.". ...". 85 00
*'• '\ 10 Union Oil C0.;::.:.r;r..v...;.... 74 25
10 Union Oil JCo .7;..'...........:.. 74 3714
5 Vnion OU Co V.iT.V :r.T:7???...... 7450 ■■
:■■;>?;■-■>: V ■„ ■. ■■ '■-..:- ...- .
Livestock Market
CHICAGO ; s
, CHICAGO, V July 10.—Hogs— 23.000
head Ji market! slow, generally." 10c ■ under J yester
day's average. ,4 Bulk of sale*. [email protected] light
[email protected]%; mixed. 3 $8.70(89.15; s heavy. $8 50
@9.07^ : rough," [email protected]; , pies, $7.25<g9. --■
« Cattle —Receipts. i 5.500 ! head; » market steady
to 3 a shade lower. " Beeves, i *[email protected]; *: Texas
steers. $7(38.20: it western -t Bteeri. [email protected];
Mockers and feeders, $5.78@8; cows and heifers,
13.9008.50; calves, r sß@lO.6O. i i ,*. / ?i
"0 Sheep—Receipts. 1 17.000 J head; market steady
to 510 c -■under ? yesterday's i close. i Native sheep •
[email protected]; p western. $4.ir>®5.4!5; yearltnss,
$5.60«>7.20; lambs, native, [email protected] " ■western
|[email protected].; , . "; -. --■ v' ; ' '■■ :•
-. , , KANSAS CITY ' 7 :
■ KANSAS CITY. { Mo.. "I July ■ 10.—Hogs—Re
«ipts, '• 6,000 i. head; > market -5c '■. lower. . Bulk of
•ale*. |[email protected]: v heevy. *[email protected];. packers
and batchers. [email protected]; light, |8.50(39.90;
pigs. [email protected]. .; »■;«= " iV-.. ;-:.-;.. --~».:---; <H" >-
:- Cattle —Receipts. 4,000 head, including 2.000
head southerns: a market steady •to weak. . Prime
fed steers.i |[email protected]; I dressed { beef steers. $7@
■ 8.40; a western t steers. $e®8.10; i southern ' steers, J
|[email protected] : "< cows. * [email protected]: 1 heifers.- $6.25(8
8.65; stockers and feeders,^«[email protected]; bulls,
|5.25@7; calves. $6^9.25. ■
-.*<« Sheep—Receipts, ■( s,ooo«head: '■• market -■ steady.' 1
Lambs,y* $e.28(a5.25; *;* yf*rlinjre. '. [email protected] ;
wethers. $4.50i85.ft0: :ewes,[email protected];^stackers
and feeders, $2.75<34.25.' J/ ' .•■--.• *
: ' ''Chlcacro i Produce Market '
' CHICAGO.' July 10.—Butter— Unchanged at
23Vie2ec. " -,: - ■ •
.. E«ge —Unchanged. Receipt?. ; 12.977 cases. At
mark «\ canes v. included , . et B@lsc : C-' ordinary # firsts
U<ai*c; Orsts storage 17®17i t c.
Cheese — Daisies. ; l4@l4Mr;; twins,
18%Q14c; Touug \ Americas, long
boms. 131; Ol4e. '*.-.. ,
STOCK MARKET
IN FIRMER TONE
■'■■■■■ ■■■■'- ' ' •" -.-.■- ■■' "•"Li
European Conditions : and
Wilson Move to Halt
;' Strike Aids Sales
Canadian Pacific Recovers
2% and Union Pacific Does
Nearly as Well
v NEW YORK. July 10.—Both at home
and. abroad . there was ;an improvement
today in conditions -affecting; stock
market •values.-.'- ■ _~.,'__„
The betterment was sufficiently pro
nounced to find reflection in price move
ments, although the low po' nt Q«°
which trading has fallen and the ab
sence of outside interest in the market
precluded an extended and vigorous ad
vance. During the first hour of the
day ;1 there was ; a brisk demand ana
prices rose smartly. '. ' -' '■-'':.-'■■ ~
Canadian Pacific, yesterday weak,
feature, bounded up to ;2 % and /Union
Pacific nearly ;as much. Other prom
inent mediums of speculation rose a
point or more. The demand -Boon .fell
off," however, and prices reacted. The
market? , came *to a standstill on the
downward ■ swing, and 1 during the re
mainder of the session changes were
email. - The list dipped downward again
shortly before the close, but part of the
day's advance was retained In • most
The action taken 'by President ; Wil
son in the hope of averting a strike or
conductors and trainmen on the east
ern railroads was rated as the most im
portant Influence on the constructive
side of the market. Encouragement
! was 5 derived also from Secretary Me-
Adoo's statement : that the government
2 per ? cent bonds which have recently
sold below par for the first time would
he protected by means of changes in
the , currency bill. '.-..'- , •
The extension lately of the short in
terest made possible a successful drive
at the bears, and this was largely re
sponsible for the swiftness of the early
rise. Although the monthly statement
of the United States Steel corporation
showed a falling 1 off in unfilled orders
of 517,000 tons, bringing back the
amount to s the smallest In a year, the
showing was well in line with ex
pectations and exercised no influence
on the market. ; ' T• ■_ ,
The late decline was led by New Tnrk
Central, which made a new low, record
for ; the i year at 95% . after receipt of
news from Washington of Senator Nor
ris'" proposal for an investigation into
the road's; contemplated bond issue In
connection with ■'• the consolidation or
New York Central and Lake. Shore.
Chesapeake and Ohio also touched a
new low point for the year at 51%.
Brighter prospects for peace in tn«
Balkans and the Bank of England m
strong weekly statement were reflected
in the better tone of the foreign
markets. Europe bought 20,000 or morn
shares here, principally Union F*cltic
and Canadian Pacific. /
Vißonds showed j some Improvement.
bat the demand was light. Total sales,
par value. $1,365,000. —. ■
United States 2s, steadied after their
recent decline by Secretary Me Ad' s
announcement, advanced a half on call
to 98*4., .
Hutton's New York Letter
'•For the first time In several day's ,
the weakness in London was not re
flected In prices here at the opening.
The strong opening was attributed- to
favorable consideration of the crop v-:
port, also to the announcement that
President "Wilson will attempt to bring
about settlement ;- between railroad
managers and their employes. Karl;.
transactions ; were -in -larger, amounts...
than have appeared at the opening re
cently. During the first hour stocks
were -in demand, although there .was
very little activity. Prices advanced
easily, with • Union Pacific the leader.
A block of 1,200 Union Pacific sold at
144% and the stock promptly advanced
to 146. Canadian Pacific sold at "213*4,.
five points :up from - Wednesday's low,
and Steel rallied a point to 53 Lon
don • was ; a large buyer of ■ stocks, said
to be due to covering of shorts. Lon
don had a short interest in this ma r
ket as well" as in its own, and the
news from Washington regarding the
possibility.; of a settlement of the rail
road difficulty, and the endeavor* to
perfect the ; currency bill, brought buy
ing' orders from that quarter. It was
a matter of comment that while the
general list had a : substantial advance
from Wednesday's dosing, standard is
sues, like Chesapeake and Ohio and
New York Central, did not participate
but developed weakness, which led
many to believe that liquidation in
these stocks "was not over, both issues
selling below, the low of Wednesday.
Decrease of approximately 517,000 tons
in unfilled tonnage of Steel corpora -
tion in June was less - favorable than
generally V expected, which Indicated
that the turn in the steel industry has
taken place. ; The afternoon session
was t a - dull affair. "-; Although prices
were off from the high of the morning
the undertone remained firm, with clos
ing quotations showing material gains
over Wednesday's close."
,:'■■:'■ ■; Condition of the Crop*
WASHINGTON, July ■ 10.—Drought «nd early
frost in certain parts -, of the • country brought
the average ■ condition ■of •• crops .-.• In * the : United"
States July 1 down.to nearly 1 per cent lower
than on the lime ; date last year and to *1.7
lower than the average , crop condition July 1
lor come years past, 10 years in most cases.
Conditions are below the average s the depart-*
raent of agriculture announced today •In ; the 'At
lantlc , and north central states." except Vir
ginia, Florida, ... : Wisconsin; lowa and , Nebraska.
They. are above the average in the south central
and far ■ western ; states, = except Kentucky. Ala
bama. Montana. Utah and California.
:■• Corn shows the > moot l flourishingf condition,
standing .at "103.5 or : 3.5 per < cent above Us 10
year ■ average. - ' Other crops show ■ the , following
averages: »■: -",.;-:-- : : .•■ :.-. ■'■-.■'-'■. ;- •-, -.
: Hemp 103.3 per cent, hops 103.1. "winter wheat
102.1. cotton 102. alfalfa 101.6, cantaloupes 101.5,
kafflr corn 101.1, barley 89.7.;
MISCELLANEOUS MARKETS
; Cotton Market
■ (From E. F. Hntton & Co.'s private ; wire, i
s NEW YORK. July.; —Cables 'were * good; and
the old crop months .were steady. ;:; High temppra
tures in the , southwest received much attention,
and December followed October to the 11'..<
--mark, "- but offerings were :, noticeably 1 freer - a rut
there was some good selling around the now high
levels t for this reaction. With - temperatures re
maining about normal east of ; the Ml!«sis.«lppl.
the trade seemed to be of the opinion that dry
and '■--. hot -weather "':. conditions sr In *. Texas,- would
likely prove more , damaging to boll weevils • than ,■
to • the . crop. -t The '■: tone ..was. decidedly., easier in
the * last honr. ". . " ■*' " --.;.--', .
Spot closed quiet and unchanged. Middling up- : ,
lands, 12.35 c; do iralf. 12.60 c. -Sales, 100 bsle«.
.:.?,;>.;.: j"-* i COTTON FUTURES :« . '• Year*
• . Option - Open High Ix>w Close July J> Ago
July ..... 12.1 ft 12.20 " 12.12 12.12 * 12.17:" 11.02
Auff.../.' 12.19 12.20 12.13 12.12 12.17 JJ.ee
Sept.':... ..... ..... ..;.. 11.67 11.70 , ; 12.05
0ct...... 11.53 11.98 11.47 ,11.48 11.52 12.17
Not. :..:...;. ..:.. -'.'. :\ . , 11.43,- 11.4.'. *- 12.20
Pec 11.40 f ; 11.50. 11.3f> 11.42 11.44 12 21
Jan;.;.. 11.37 11.45 _ 11.34 - 11.37 11.38 vLtI
Feb :.'.-.... ;.... ..:..: 11.3 ft 11.41 -; 12.23
March... 11.47 11.53 11.47 11.47 11. 12.81
May..... .......... ..... 11.49 11.51 ; 12."7
■;.- London .Wool Sales
LONDON. ■•- July 10.—The »; demand.;. was quieter
at the t wool : auction < sales ; today. ~;» Prices - were
inclined Ito be ' easy" and withdrawals were ■ fre
quent. The ;, best . grades *of ; merinos , and ? eoar-<»;.
crossbred"i were unchanged, but rates for other
sorts -declined- 6 i per cent. There were 14,000
bales offered. --.'"'-'.-'". -
Loss Ansel en Produce Market
: . LOS " ANGELES, r July ft io.—Eggs—Firm and*;
unchanged. V Receipts,^34s ,cases. ■•. Local ranch'
candled, 2Sc; case count, 23c; pullets, 2<V; north
crn case count." 26c. : . ; .-." . ' ■
■>" Butter—Steady, and • unchanged. -~i Receipts, 27 -"
413 pounds. m Prices ,to the trade 3c above Quota
tions. California extras. 4 '2B}£c: firsts, 23U«?" "
Cheese—Receipts. ; 4.385 pounds. Northern
J fresh. 1554 c; I eastern i singles, 16c; do twin* 17.- • ;
do Cheddars 17%@15c.. - -■ ■"' '
Potatoes—New. os@eOc»per;boi;'Oregon Bur
banks. " $1.40 per ctl.v;, \
: Xewr York ? Produce
NEW TORK. July .* 10.-Butfr — Q,,ler
Receipts. 18,565 tubs. Creamery * extras. - 27* ft -
28c: I firsts.*,: 26@27c; 3 seconds,; 24K628He- .- inii
tafton creamery, firsts. Me; jfactory Brats'" "V
p*«kinjr'etnrk.- I 'ilßH@2lc.'..: --, ~ ~ ,' '
•■ ■:;■. Cheese—Steady. "Receipts 4,020 Has en State
whole.;niUk:l4ii'a;i4i6c:.skims:3/aii" V
ft F.ggs—lrregular. > Receipts..; 24.n00 ca*e«- - f r »«h
gathered extras, extra flrsLs. 21«22Vj
firstB,118Q20c; * eecoads, - ie®l7c; I wwtera f»ata-

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