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BUSINESS, COMMERCIAL AND FINANCIAL SECTION 14 $635.000 IN BONDS DECLINED INVALID Railroad Commission Scores "Financial Flimflam Methods ,, Economic Gas Company Is Ordered to Notify Bond Holders of Action Bo:n:.; of the Economic Gas company of JLO6 Angeles to the amount of $635,- OCC were declared invalid yesterday by a decision of the railroad commission. The company was ordered to notify the holders of the bonds of the action of the board. Early in the present year the com mission learned'that the Economic Gas company had issued bonds for which it had not received the approval of the commission. As a result the com pany subsequently applied to the com mission for authority to issue $930,000 of its bonds. In its decision the com mission finds that 5295.000 of these bonds wero issued prior to the effective date of the public utilities act, and that $635,000 of these bonus were put out illegally thereafter. , . . Although the commission finds that $635,000 of these bonds are void, it finds that the Economic Gas company may properly issue $270,000 of bonds to replace an equal amount of void bonds. These $270,000 bonds are al lowed to refund indebtedness . The commission, however, denies to the Economic Gas company authority to issue $365,000 as applied for This in effect, leaves outstanding $365,000 of % °In b the co U rse of its decision the commission states that an effort was made by the Economic Gas company to evade the public utilities act. The com mission finds that L. P. Lowe, president of the Economic Gas company, formed a company called the California Light and Fuel company, and thereafter is sued a large number of its bonds to Mr. Lowe and to the California Light and Fuel company Referring to this transaction the commission says: • "This is not the first time we have found two companies controlled by the same agencies engaging in this finan cial flimflam with an apparent design to profit individuals at the expense of the utility." , . .. ... I Although the commission says it will institute no proceedings against the Economic Gas company for its illegal actions, it continues in part a? follows: "Of course this commission has noth ing to say nor authority over the right of action of the parties who bought these bonds in good faith, but the bonds are absolutely void under the law and these parties will either be compelled to make other arrangements with this company or to pursue what ever action they have for the return of the purchase money. "We call attention to the fact that this commission has no authority to excuse from prosecution even a techni cal violation of the law and the proper law officers will have the right at any time to take such steps as they may deem necessary in this regard, and the action of this commission shall not be taken in any wise as an approval of the actions of this company or as an do you Ml the intrinsic worth of the se curities in which you have invested your money? 1 00 KNOW ,that we constantly receive Inquiries from people who have invested their money in worthless offerings or those in Imminent danger of be coming worthless. OUR STATISTICS are the most complete on the Pacific Coast and our statis tical department is at your service. ON SPECULATION •we have no advice to give to any one. Concerning invest ments, we are in a position to offer the most competent counsel. WE RECOMMEND for the investment of your money only those securities' in which we are willing to invest our own money. LOUIS SLOSS & CO. Alaska Commercial Building:, California and Sansome Sis., San Francisco. J. C WILSON & GO. ' MEMBERS NEW YORK STOCK EXCHANGE NEW YORK COTTON EXCHANGE CHICAGO BOARD OF TRADE] THE STOCK AMI BOND EXCHANGE SAN FRANCISCO MAIN OFFICE i Mills Bulldlnsr. San Franrfxeo ' BRANCH OFFICES— AoeeltN, San Diego, Coronado Beach, Portland, Ore.; Seattle, Wn«h.t Vancouver, B. C. Private Wire. Chlraco. New York.'; . E. F. HUTTON &COJ! 490 California St. Tel. Dougla* 248T i>l. Francis Hotel. Tel. Dougrla* 3082 Members New York Stock Exchange B O N D S| W. C. RALSTON BROKERAGE CORPORATION Brokers, Factors and , Agents We will purchase or sell on com mission Stocks and Bonds, also Lands nxt Mines. Reliable data and analyses of the underlying value of investment secu ritleß •will be furnished our clients. - W. C. RALSTON, President Offices: Royal Insurance Building. i NEW YORK STOCK MARKET QUOTATIONS F 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 7,200 Amalg Copper...] <;4<;i ('.">>, 031,4 -63J4 M Amer Beet Sugar; I 21'.; 20% -"'. 21 »i ....... ■ Do pfd '...:.: > ..... ••••• -" s, \, l.«»0 Amor Can Co. ... 2S 27-% 27 V* 27% r,00 no pfd;......'.. ;S7V* S6 T * v: 100 Amer Car & F Co 41% 4 Hi 40 >4 41 ; .. i Do l>fd ...... ...V.K.... ll<*% 110 " . .. Amer Cotton Oil!..".: ' •"•■" ** S(,v ? ....... ■■ Do pfd .. ..... ; ..... 01'.. -5, ? ... American II & L. '■'■'■ - 3 ?i ....... ■ Do pfd ......[.;.;. ! ..'.'.. ' 1" ! -°i ....... Antra Ice Stir ... ..... 1 .....iW« 21, ....... Amer Unseed ..| I ".I'*>!* s 'i .......I Do ])f.| ...... ..... ' ..'...I 20 I 2+ tAmer I-ocomotiTei.:... ... .»T '-'. , <>0 ~. ...1 Do pfd ...... ..... ..... 100 101% ... JAmpr Mult ..:...... ' . ' "' s ". ... Do pfd ...... ' ..... ' ..... I 47 ".0 CWlAm-Smlt & K Co 0114 08% ."i' 7 j.! 01 * 3ooj .Do pfd ...:.'... ; 9S!& 88% Bβ 9»% ....... \in.r Snuff Co..' ..... ' .....114.". 1*> Do pf«J ...... ' I M ; 100 .......!Ato«t Susrar .... ..... • HOT 1O».; |. Do pfd ...... ' ..... .....1112. 110; ..... ..lAmer Ktee] F ,..!-....!..... I 2*%I 27 1 4 loo A0M>r TAT Cβ.. 127%}127% ! 127 127 .. . Anwr Too Co ..I... ..|... "-in ; - i: ' .-.";;;..j Do i»f«l ..(... ..|... ..| 05 ! 67>i 100 Amor Woolen. :.| 16 I 16 I 1C' I 20 (.Do l-r.l ......'.....I.....! 74 V 77 , 400IAnacmida ...... .j 32% 02 ' "2 ' 32U noOiAtlnntlc Coast L!115 1115 Ills Hβ 1.2(X A T A 8 r ...... 05% (• 931/41 SSVt\ «•"'% ..... I Do pM ' (..... I !>•;'■[ 07 SOOIBal & Ohio ...... : f>31 £ ■■-"> *>2% ;, - ! l .......| Do pfd . : .....i.....l T» I « 200[Bethlchem Steel.. 29 '■ I -'S'i! - s | 2SV. ! Do pfd ! .|.....| .;.V. c.7' ; 200|B n t .......... ■ l - 1 "'- -'■■■' 86%iKe?i ICallfornla ret.. ..... I..... | »%| Sfti; 2,CO0!Canadinn Pacific. 213*4 1211 "41211% '212 800!Chlno Copper .... ZS% XiW\SS% '■''"■'* •00C * 0 ' E%l [51% 51J5 r»l»; ...:... c ft a ■: ! ! : n ! 10 .......1C & o w ...... ' ...... ' .... 12-;' l.".H 200! Do pfd -f>'4 29 ' 21 I 2O' a ........ C * R W ' ! 127 1128 200'C M A Bt I , ....ilO3 108%lie2^!lO3 ....... ' Do pfd .......!..... I .....1132 1136 IQOlCentrat Leather..■ 21% I Cl 20%l -M'i ....... ! Do pfd ....... ..;..!, ! 01 I..... .. .OntrnI of X J... ..... ' 1213 1300 C C C & St I...... ' .....I Vj 40 i 40 200 Colo Furl & Iron. 28% 28% 205.5,1 29 ....... ' Do pfd ........ : .....I. !.....linO ....... Colorado Southern 1 .....!.....I :»0 I 31 * do 1st pfd..... I .....!.;...! m i Oβ-«.. ... t Do 2d pfd...... ! ..........! r»r. 163 ....... Consolidated Gas. ..... 12914 129% ......JCorn Products t ..... I .....I 0'. , 10 .......I Do pfd ........I..... ' ' <;:;%' <■■« tCrex Carpet.....! ....lO'i I SO .......ID L & W........I.....! !G85 •■ , .'>". 200 ! D & R G.........I 16 ' 18%] 10 ' 17 .| Do pfd ........j..... ..... I 25 27 lOOIDistlllers , Secnr.. 12% I 12'/ 12V. 14 .'..-.•.■ .-.jDnluth S S & A..' : ...:. I 4% dVi .......( Do pfd I ! '10 12 2.100tErie ............ i 2."J>4 24=V4 2754 2S14 r,00! Do lit pfd..... I 38«! 87% 3774 S8i| .......1 Do 2d pfd t !:...;USnu H2 100 General Electric. Ji:!K'. ; l.".si.,'l.-.7 'V'SK. SOOIGrent North Ore..! &1%\ 3li<j 31 81% (Great North pfd..I ' 1221-& 123 100 Illinois Central. ..1113 Ilia , 112\ 113« ....... 1 Inspiration I | .'| 14'. 14% ....... tlnterboro Metro..' ....!.....} 14% 14Ti 200' Do pfd ........I 5.) ' . r .4s;l 54'-.' 65% (inter Mer Marine ..... .....I 3% 3'4 ' Do pfd ' ' .....! I"', 1 13«4 ....... Inter Paper ' ' ...I S%\ 0' 4 ..'..... t Do pfd ........ ' ..... I .....1 3R i 37 ....... 'Inter Prnnp...... ' ' ' 0 ' » ....... ' Do pfd ! ' ' 22'. : 23 ....... 'Iowa Central..... ! ' ' 0*4 7'i ' Do pfd.. ! ' '■ 14 I IS « 700 K C Southern.... ' 20V-' 20 ' 2«% 27 I Do pfd ' ' ' r.S'J r.rt!•. 1,000 Lehish Valley.... 14.-.i..!144-v 14r. 145% iLitreett ft Meyers! ! ,...jl9O 1205 ....... I Do t.fd I ' tlOGi/ 108»4 .......IP Lorfllard Co.;..I.". ' 111*% ..... .......I Do pfd .\. ' .......... 105 !ios 10011/ & N.. [lS2i<1l32%lmWia3 iMackay ....|. I 1 76 1 .' 77 excuse for such actions. "We merely allow certain bonds to be issued which may be substituted for certain obliga tions paid for by bonds that were at tempted to be issued and refuse to al low other bonds to be issued to pay for obligations heretofore assumed and purported to be satisfied by bonds il legally issued. "It is apparent that this company will be required to raise money from some source. If it can make arrange ments with the purchasers of these void bonds to settle in the amount paid for said bonds it will be required to raise a little over $304,000, assum ing that these purchasers are in fact purchasers in good faith. "As a matter of fact it is clear from the evidence that a considerable por tion of these bonds are held for the purposes of sale to avoid the jurisdic tion of this commission, which ac counts for the large book account." Holders of the invalidated bonds are: Hotallnjj Estate $00,000 Economic Gas Appliance Co ..30.000 California r,!?bt and Power C 0..... 100,000 D.- O. Dniffel 15.000 S. W. Coleman 4.000 W. F. Detert fiO.OOO Geor<re H. Hayes. 270.000J W. 11. Cbiokering...... *. 0.000 Josf ph D. ,Grant 60.000 l. p. : Lowe 00.000 Total $035,000 * * • ORDERS PROFIT WAIVED The railroad commission rendered a decision yesterday granting authority to the Central California Gas company to use bonds heretofore authorized In the sum of $7,000,000 and its preferred stock heretofore authorized in the sum of $5,300, for certain improvements to its gas plant in the city of Viaalla. In so doing the commission took oc casion, to condemn certain matters in connection with the conduct of the company's affairs. The decision states that C. B. P. For ney, president of the Central California Gas company. has organized the General Operating and Construction company, and that in his capacity as president of the gas company has al lowed himself to profit in his capacity as president of the construction com pany. The commission finds that cer tain work to be done for the Central California Gas company was estimated to i cost ; $105,000 and allowance was made for such an expense by the gas company. Thereafter Mr. Forney let the contract of the gas company to the General Operating and Construction company of which he is president. This construction company did the work for $85,000. The commission finds that there was a profit for the construction company of approximately $15,000 on this work. Of this the commission says: "It is evident' that Mr. Forney lias used his position in both of these com panies to reap for the General Operat ing and Construction company an un due profit nut of this work at the ex pense of the Central California Gas company." -■'.■■ As a condition of its order granting the application, the commission re quires that the profit accuring to the construction company be waived. The commission requires also r that :no further moneys, shall be paid by the gas company to the construction com pany without the commission's order. ** < * SAN JOAaUINJL. * P. BONDS Authority was granted yesterday by the railroad commission to t&e San Joaquin Light and Power corporation to issue $1,776,000 of bonds. The com pany was also given authority >* to pledge these bonds for an issue of two-year six per cent collateral trust notes. It was provided that notes may be issued up to 75 per cent of bonds pledged. The proceeds from the sale of the bonds or notes is to be used by the company in completing , its power houses, substations and transmission lines in connection with its new hydro electric work. •■[:;■'■? * * ♦ OAKLAND AND ANTIOCH FINDS The board of directors of the Oak land. Antioch and Eastern railway have placed In circulation among , their stockholders a ; subscription list to the recently authorized 4 $1,000,000 bond is sue at $85 and interest. If they suc i ceed in raising by this method the I money required to pay for needed I equipment the proposed assessment on I capita] stock will not be levied. . ■ ; But if the bond subscriptions, be not sufficient two assessments . will cbe levied. One of these of $10 per share will be against* the 35.000 shares of capital stock of the Oakland and An tioch railway and the other of $."> per share against the 100,000 shares of capital stock of the Oakland, Antioch and Eastern railway. :: * ;•'#. " * BEST CROPS IN STATE A commissioner of the bond depart ment of E. F. Hutton & Co.. who has just completed a tour of crop inspec tion throughout California, reports \ that "the 1913 crops will realize practically as a whole the total volume of the 1912. crop, but less evenly distributed, with the northern v California valleys ', being most, favored." .The, report adds that "to the Xapa and Sonoma - valleys 'belong the most perfect crop conditions of any section •of the state. Grapes:. will realize 80 '. per cent ,of the, crop while; grain and deciduous fruit crops are large." THE SAN FRANCISCO CALL, TUESDAY, .JULY 15, 191:3. .......I Do pfd .."...:.: I .....!...;.| 66 ■ 68 lOOlMexiean.Ceniral.. V2VA 12% 12 ! 12" 4OOjMexican-Pet..... 80%) >*> ' 39% ; fi0iS ....... Minn & St I...... I....I..... ' 14 Cj Iβ .....;; ' "=Doistpf(i.;.".. ......;..-. ' 33% I •'»« ■ ...."... M St P & a S;M ..... ' ...... 122% 12*; : Do pfd <■ ' .:.r. 132% 140 , ...:..'. Mo Kan & Texas ..... ..... {20% 21 ; V. : Do pi,i .................. 54 r.'.i 100 Miami Cooper--. 21 21-21. 21% looi:Missouri Pacific. 30 i 30 SO 8O»4; ....... National > Lead.;. ;.... ' ..... 45 i 47 ....... Do'pfd ....... : ..... ' ..... 105% 100% .;•.;.■.. National Biscuit. ..... ! ..... Ill 11." -. ... ' Do pfd ...:... I ..... j ..":.. 118 1119% ....,.; (National Enamel. ..... :.... ' li>'-.. i:: -GOOiNevada; Con* ... ; 14%! it , 14 V 14'. X Y Air I!rak<' ..... ..... GO 13 l.r.OONY Central.... 88% M ' M '•'<;<; 300 X V N II & II.. 104 " 103% 10" 104 .......NY Ont & W. i ..... ...." 2SU 2STV 100 Norfolk- & West. 103 103 102% 10:5Vα ........ Do pfd ....... : ........... 80 8.". . 200 North Anit-H.-.-in. («(>«{, • :<;•... M 08 300 Northern Pacific. 108% loe%|lQ5X|10«% lOmaiia ! ....I.:... 119 130 ! Do pM ........... I 184 140 Pacific Mail ' I..... IS 20 ..V. ...!Pac T '..& T..... ....-.!.:... ;2S'i -jo; . 400!Penn B R Co... ii '.', 111% 111 IU',4 .......(People's Gai ........ .....tlOO 111 iPittsbtirjc Coal..!..... .-..;: ' I" 1 I , ' ..! Do pfd .;.....! Tβ ' 77':. .......IP C C i-«L.'. ..... ..... M 13." V.... ..[Pressed Steel Car ..... ..... -"-' ' 2:: ' Do pfd ....... ..... ..... : 02 ! !>•". 90Ojnay Cons ...\.. : 16% 10% "■■" , , -10% .......|Kt Steel Spgs Co ..... ..... 23 I L"» ....... i Do pfd ! ' ..... I 00 I 96 10,200 Readmit .,'...... 1.-.7 1 , 1.V,' . 1,-,<;%".-<'.-; ....... i Do 1st pfd ........ ..... SO 87% 300! Do 2<1 pfd .... I 87 86 Sβ Bβ ....... 'Republio S & I..' ..... ..... 19 ' in% i Do pfd ....'.*.. ! ..... ' .~;.v. I 7« 77 ....... Root Island Co..! ! ..... M". J."% .~»00< Do pfd ....... ! 25%I 24 »;! 24*4j 28 ... (Rumle.v ......... ..... : ..;!. ' It | 17 . .. ! Do pfd ........ ..... ' ..... 3.". ■ -17 .......(Seprs-Roebncfc ... ..... ' ..... It"." 1107% IS SS * I Co...' ..... ' ..... ' 22 2.1 ....... ! Do pfd ....;....-........ I 85 01 ... St OS 1st pfd .......... I 14 in% 100 Do 2<1 ofd..... ' 6 ( 0 ! <: ' 9M ...ISt L, & S \v.... ! ..... ! ..... ! 2." ! 26% ....... I Dopfd ;;..... ' ......;... c:5 I CO . 2,400'fouthern Par>ifle. 91% 90% 90% 91 .......Southern Railway ..... ..:.. ' 20TJ ' 214 ..I Do pfd .......j:.... ..... ' 73% 7.'. ...... .(Tennessee Copper j..... ..... ! 28% '_"' lOOTexas Oil .... ,.|100 . 106;.," l<r.% 108 . Texas Pacific....!. ' ....I 13% 14 iThlrd Are... .)..... CO ! .10% .Toledo St L. & W .....1.....J 7 ' 9 ...| Do pfd ....... ' .....!.....f 1<; I 1<J ....... TwlnCitTRT..!.....!..... 101% 102 1 i Union B & P.....J.....!..... ! 4% I 4% 7.000 Union Pacific 1143>A 144% 144»4 1144% 200 Do pfd.. . ,| 81'. ; J 81% si'.I 82 ...... .'iCnited Rts Inv Co! I|..... I Iβ l<! .......j Do pfd........J.....(..... I 31 I 30 [20P!U i c i Pipe.... ' 10% , 10 I fl% 10 ' Do pfd ......(.....I..... 47' ■■' is , '. 9001U R Rubber . I 00 %| GO ill 59% 00 I Do 1st pM .... . ..;..!104 [ion .| Do M pfd . ! (.....I "0 I 92g 12.OOO|U f5 Steel Cor... a ' 52% ■"2% 52TI 500! Do pfd.... 1O4S 104*5 104U 104% • 500 TUali. Copper .;.'.. ' 42% 41 4 ' 4\\(, 41% Va-Car Chem Co..!.....|..... ' 23% 24 ' Do pfd:... ....|.....! 9". 97 200 Wab.ish . ... 2", 2% 2% 2*; ! Do pfd .... ' ..... .....\ 0% <;-; Wills Farso Ex..J..... .....jlH 112 100|Wes*ern Uoion . . j 01 ' 01 01 ' 01%. ....... Western Maryland!... ' ' ■;>; ' 3S ...".'. . .' Do pfd ] 40 i 4S ....... I in-house ...I.......... 57 I oft ....... W & LE.. !.......... : 4% 4% ! Do 1st pfd ....! ' 13 ' 30 ... i Do-2<1 pf«l ....'|..... ..... ' e%[ •■ m ...[Wisconsin Central!-.... .....I 41 | »8 ....... I Woolworth ■ S3' I SB 1 77,90©, total shares sold. The report finds that irrigation plays an important part in the materializa tion of --. abundant crops and counsels that "the last two dry winters em phasize most imperatively the absolute necessity of land owners ? putting JU> irrigation and depending less on tat season's rainfall." ; * •* « PACIFIC G. AND B. WORK RUSHED With the recent successful financing in New York of the Pacific Gas and Electric company , s4,soo,ooo note issue work on all of the development and im provement projects of the ; company in the Sierras is being pushed with all pos sible speed- : Three thousand men dis tributed among the 14 construction camps are on the job and the monthly construction costs now range from $800,000 to $1,000,000. Since the commencement of the de velopment work last fall the company had expended, to July. $4,500,000 in this work alone and before the present de velopments are completed another $4, --500,000 will be paid out. With other improvements in contemplation the en tire project will cost approximately $15,000,000. All the work now in hand j will be completed in November and it is asserted that by January i, 1914, the whole stupendous plant will be in operation and drawing revenue. Up to July 1 the Lake Spaulding dam had been raised 66 feet above bed rock and concrete is being poured in at a rate of 1.500 cubic yards per day. * For the concrete mixture two special trains are hauling tSO to 601 cars daily from the company's gravel i pits near Colfax. Steel for the Drum power house is up, concrete for roof and walls is be ing poured and foundations have ; been lard for two huge generators, now en route from the. east. Two other power developments are in progress, one in Christian valley and the other in Au burn ravine, one mile below Auburn. Steel towers to.carry a voltage of 10©, --000 have been completed to Cordelia, a distance of 109 miles.".:>fc,v<? ... -: ■- - # * *. ' NEW I,AAV AMI.I, HEM , RAILROADS ; Financiers interested in railroad de velopment ... in this state predict in creased promotion of si earn and elec tric lines throughout California as the result of a new law effective August 12. In subdivision F of section fil of the bank act it is provided that any savings bank may purchase, hold and convey bonds of any railroad company properly organized,and in good condi tion one year after incorporation of such company. At . present savings banks may not purchase such bonds until three years after incorporation. "This law will be a splendid thing for the less developed districts of the state," said a prominent local financier yesterday. "It will encourage the much needed construction of new lines from the principal points of collection ■ and distribution to points in the interior at present more or less inaccessible." The clause, referring to railroad bonds follows: "The bonds of any railroad corpora tion incorporated under the laws of the state of California and operating exclusively therein, providing said cor poration has had for its -;, fiscal year next < preceding such investment net earnings, after payment of all main tenance, charges, operating expenses and taxes, sufficient to pay the interest on all of its outstanding mortgage in debtedness." NEW BOARD MEMBER Gustav Epstein was elected.a mem ber of > the-i San Francisco Stock and Bond exchange 'yesterday. • His"; seat was willed to him by his uncle, the late Jacob; Barth. It is understood that he is to become a member of > the firm of J. Barth & Co.. the other mem bers of which will be I. Kahn and Her bert Clayburg. •::- * * LOCAL BANK CMSAIUSOi Local: bank v clearings ■ yesterday, as reported by the; San Francisco Clear ing: House association were, 18,672, --703.84. • . ■ ~ -„./ . >-. ... ; : .AVileon's TJews on the Market* (From : J. C. Wilson & - private ? wire.) ' '•'}: NEW YORK. July 14.—There was no news ; end • not much. of a stock market i today. . I'ro ; fotistonal traders : did most of the business. s To morrow may bring more activity if the coeter cnce 'at : Washington between the \ railroad ' man-: aeers and men results in definite action eitber way. :. , • • \ • . ; ,-.:; ;; Cotton—July, advanced 10 points, and the other* months 3 to 5 points, but in the late trading theret was some reaction:.. July s went 10 ? points over August and showed ■ the 'most strength vof any;. month \on the list because' some ■. of v"the shorts pot nervous over rumors of .an impending sharp _rise cat >Liverpool.,: a forecast? of .-■ warm weather in " the southwest" this week: and ;l the smallness of stocks here. It is stillja,traders',' market, in . which we advise buying on \ recessions for moderate : turns. -' . ' ■. : . ; ,' -i BOSTON. v July ■. •■■ —The renewed fear rof worldwide; money stringency had ;, a"; depressing Influence. ,»We : believe the "purchaser \ of ■>■ stocks for investment around these levels will ;be ? re warded with good , profits later in 'the; year. ; rr 5 CHICAGO. July 14.— Wheat—The start I today was easier with 'lower ■ cables,' good'weather!and heaT.v receipts; everywhere. Corn nnd oats were up sharply.on not weather.'southwesti and a' lot of bullish reports, but this hardly steadied wheat. Later,? however, the : northwest / heard iof some black * rust .talk at two places. "This > turned northwest markets.- strong: and ' Uie strength :was immediately .reflected h.re. The !speculative in fluence \ for ; the • moment - will sbe * : the t rust talk." The investment' end will be represented by the stability- of the foreign :markets," and ithese "iln- ; fluences will , rale for I the time •■ being. ; r ; : V. ■ •', SUMMARY OF THE MARKETS Standard {few York niookn hevr :;*;another dull «lnj. v Railway utrikr , question agatnit "Wall Htreet '" activity.: : Ronton copperi .sbareM ' occupy ■. the ■ '.. same,-; old ' rut. Good,: weather neTVw fall* to - -weaken/cotton L futures. Generally* better feeling. in local * Met'iirltieM market. . Tonopnh • mining.--,; sharei firm ? here !; and in ; Wet* ;' York. Black- rust .reports : liooiu .Tvneat In Chicago pit. *; "Wheat . easy ; : locally at the re cent »' declined. Feed barley goffering to arrive at lower .rates. J . December barley,: option »core» a siharp "rise.: \ Recent. cri-m,-,* in *£% market pa.iße» '; off.".-'"; , : , . ;.;-•; : - ' . ' ' '■'£■- Mutter ; market 'absorbs all offer .; Ings-;: Tendily. r ,•"•.-• Brittle demand >, for : fresh fruit* ■■'•-. and vexctableN. ! : , ~' Poultry market very slenderly ' supplied. I New : York Bonds \ ♦ •":: : ' .— ——" -,- " " ,",''•;-,:—;." —■ — : 7Z*%- U S ref 2s. teg... 98 {Japan 4%s ..••••• 86% Do coupon ...; OS Kan City so ref 3s Pi'--' 'Do ;3s reg..... 102 L Shore deb 45.1931 90% Do coupon ..,.192 il, & N unified'-.45.'.92 Do 4s i Tf-K :...-. 112 M. KA- Tex. Ist 4s 00 Do: coupon ....112, I -Do gen 4'-s «9% Panama .".s coupon.lol, I Mo Pacific 45..... {**,% Al-Chal Ist r.s ctfs 40 I Do cv r.s .:...... IB% Amer Agricul ss. 97% N;R of : Mcx 4%5. o<% Amer TAT cv 40.100 N'e ;C ; ecu 3 % ... SI % Amer Tobacco > 9s. 115 ' Do deb 45......; 88% Armour 4%S .;.'."■ 89% NY.NHA II cv B*-,s 15% Atchison gen 45.. 93% Nor AW Ist coo 4s 92% Do cv 4s, 1960... 95% \: Do cv 4s .......10- Do cv as .....00% I Nor Pacific 45.:... 92 Atlan C L Ist 4s. 87*4 Do 'is ......... 93% Bait A Ohio 45.. 91% S Line rfdg .8. 80% ; Do 3%S .....:. 89% Pa cv 3'is. .1915.. 86% Brooklyn Tr cv 4s 80% Pa con 4s ... ,99% Central of Ga ss.lo3%lßeadlng gen 45... 94% Cent Leather 3s. .93% St L, A S F fs 4s. t;,'. tics ft Ohio 35.."91% . Do gen 55...... 0% Do eon 4%5...-. 79 v St.L S W con 4s. 73% Chi '&1 Alton".'l %«. 51 Seaboard AL adj r.s .1 C. B v*- Q Joint -Is. 93% So "Pacific col *••• -SS' .Do gen 45...... 01':, Do cv 4« .......80 C..V.V StP Of 4%5.101<« Do Ist ref Is.. 88% C.RIA Pac col 4s. 53% So: Railway 5a....101% ..* Do ref 45.....'. 78% -Do gen 45...;..'. 73 c Col So rAext 4'-.s. 90 Union- Pacific 45.. 93% Del & Hud cv 4s. Ot'.'s' Do cv 45.. .. 89% Deo A R G re* 6«. on I Do Ist & ref 4s. 91 % Distillers r.s .36, |r S RubberT»s.'v::loo% Erie prior lien 4-. 84 11 S Steel 2d 35.. 98% Do gen 45...... 69% Va Car ('hern DO.. 81 . Do cv -is, ser B. 06% Wabash IstAext 4a 30% 111 Cen Ist ref -is. BO [Western Mil 45... 76% lot Met 4%5..... 74% Westing Kiev us. 89 Int Mcr Mar 4' 2 37%|Wis Central 45....87% <• New York Mining Stocks *■ I New York Mining Stocks I + .'."-*'-'" ' - — ;— ■ —*■' Com Tunnel stock ",OS| Little Chief .'.' 03 Com Tunnel bonds '•-•' 10 .Mexican .......... 70 Con Va Mm Co.. ; i:; Ontario 2-00 Iron Silver ...... l.oolOphir 12 I.eadville Con ... OSJTellow Jacket .... 20 ♦: :— - —; __—: — — : — r s- ; 1 New York Curb Stocks | >—— : ————■■■'V. ""'.'■■' — _ —— *'■ • From K. F. ITutton & Co.'s private wire.) ; ', NEW YORK. July 14—Tonopah Merger was an active feature today, selling up to 85, with About 25.000 shares changing hoods. North Star was in fair demand around $1. Rraden was steady. Other,issues were quiet and practically unchanged. .-."--; % Bid.'Ask.l , Bid. Ask. Alaska -'.....' IT* 17% (Mlzpali Ex .. 48 52 Anglo Oil ... 18% 19%!Montg 5b0.... 01 93 Belmont .... « . 6%}*Ces Hills ... 92 95 Eraden Coppr 6% B%|Nif>issin|! .... 8% 8% Do fis ....137 142 Ohio Copper.. % -'■% Br Am Too. 22% 22% Pac GAB com 12% '3% British Col.. 2% 2%| Do pfd .... 88 87 Butte ANY % 1 ICon Copper .. 2% 4 Chi Subway.. '_' **%*Ran Toy .... 20 2.. Cluett-Peabdv 41' 51 'Sioux COB .. 2 4 Do pfd ... M 98 IS ...W Miami.. 5 7 Colorado .... 14 17 ISo Utah 3-10 . 5-19 Con Ariz ... % :•% {Standard Oil. Davis Daly.. 1% 2%!; ex subs ....':.""..': 353 Dolores . 2 4- 1 Do Col .-...169 170 El I'avo .... 1 2 j, Do md ....323 327 Ely Con .... 8 10 "| Do- Kansas.3o9 310 El Paso .... 2% 3 [Stewart 1% 12-16 Emerson .... 27 33 -,iTobacco Prod.'lOO 120 Do pfd ...SO 90 I Do pfdr.... 82 ,88 First Nat ... 1% I%JTon of Ncv... 4% 4% Fraction .... 2 4 ITonExten ;... 2% 2% Florence ... 30 85 'Ton Merger. . .'" 77 79 Girons 1%. I'a'Tii Bullion... % 8-19 Girt Daisy .. 2,• 4 , ITnolumne .... l 1% Old Belmont. 3. , 5 (En Clg Stores SO SI % Greene Can:. 5% i 6%!Unlted Copper — % Hallinger ... 10 17 I* Do pfd . . .". 1 4 Halifax ..... 1 l*4]T7 8 Light... 8 8% Iron Blossom. 130" 140' (West Pac Ry. 5% 0 Int Rubber .. 7% B%j Do ."is .....'75% 77 Jim Butler .. 72 71 West Bow pfd 44 48 .limbo Ex .. 10 12 I Do com ... 14 •- 17 Kerr Lake .. 3% 3%lWest End ...1% 16-19 Keystone .... 1% 1% Wettlaufer .. 12 14 ILa Hose .... 2% 2% Willys oveiid 57 «',2 Lehigh C 001..188 200 I-■ Do pfd .... 87 92 Msnhnt Shirt 50" 70 ! Yukon 2% 2% Dopfd ... OS 102 Prairie Oil . .20.". 300 Man Transit .19-16 1 % Vacuum ..... 175 178 Marconi 3% 4 ICont Oil ....196 199 Mason Vol .. 5% 8 ! Utah See ... 15% IS Mars. Oil ... 17 19 I Do notes-'.. 77% 78% Mckinley D..1% 111-16 Atlantic ref.. 988 595 Miami 6s ... ids 170 Swastika .... 4 « Mines of Am 2% 2%!Gld Con . 111-181% Montana Ton. 1 l%j " * i » ;•- • . —J. —. —♦ I Boston Stocks | ♦_ —— "\i_\ '"_ "' —; ———•-. (From E. F. Ilntton A- Co.'s private wire*. ).;'. BOSTON, July 11. -Tile market opened very quiet, with a good undertone, -and became fairly broad during the first hour.', The morning, feature was ! Pond - Creek, which y gained more than - a point. ■ Butte and; Superior .was also active, with good sired - lots j traded, but prices remained sta tionary, during; tic forenoon.-jßoston and Maine shorts j showed less anxiety to | cover ; today I and prices receded a little. Alaska was traded in good sized lots. The close was dull. : ; ' Bid. Ask.! - Bid. Ask. Adventure .. 1% 1% Santa Fe 1% 1-, Allouer. 81% "'J United Shoe.. 45 4.M., Arcadian .... 1% — I Do pfd ....27%.2S . Ariz Com ... 2% 2% Super; A- Bost.. 2% .2% A P ........ 2% 3 Super Copper. 24", —..= . Do pfd ... 17 17%[Tamarack .... -- .29 ißalaklala ... 1% 1% Trinity .*.... 8% •3% Col A Ariz.. 50% 50% U s Mining.. 83 35% I CaLA Hecla.4lo 415 I Do pfd ... .46 49% Centennial.. 10% 11% Utah Apex .. 1% 1% ! Copper Range 38% 39. |I'| h COO ... 8% 8% Dalv West... 2% — Victoria 95 100 ; iv, Bntte... 10% ]0«i Wolverine . ...<4% 4". I Franklin .... ' 5%) Wyandotte .. 65 00 ■". Cranny ....."53% 54 ! Winona .....". 1% 1% Hancock..... 11% 15 tlreene . Can... <; 6 lit; Helvetia ."...."0 50 Ciroux ...... 1% 1% Isle Boy ale., is.. 19% Ray Con ....16% 16% j Indiana ..... 5 9%'Alcomah .... " I%* 1% I Kerr Lake .. 3% n% Bos A Maine. 60 60% ! Keweenaw .. 1% 2% Bos St Albany.l97%]9S'.A I Lake Copper. 7% 8 " Bos Kiev .... . 89% SO-; La 5a11e..... 4 — United Fru1t..152 "152% i Mass Con ... 2% 3 'Swift ........ 104 103 Mich Mm .. 1 " 1% Old' Colony .. :3% 3% Mohawk .... 42 44 (Mayflower ... 6 .•■■ . cv, North Butte. 24% 24%[Zinc IS 18% Nev-Con ... 14% 14% Butte & Super 23% —„ North Lake.. . 1%; 2Vi'lsland Creek.. 48 "50 Old Dominion 43% 44% Do pfd .... SO '81 Osceola ..... 7?, : 7.1 "jB N ........ 89 0". OJlbway "."..'. o.* Of) |P"K 17% 17% Qulncy ...... 56% 56% Alaska 17% 17% Shannon' .....' 6% 7 j - - : Loans, Exchange and Silver j Commercial; paper...........; .5% (ft 6 per .cent : Loans on real e5tate......... 5%@6% per ; cent 1 Sterling exchange, 00 days.':...'; -04.83% Sterling exchange, demand.... — O I 87 " Sterling exchange, cables...;.".'.''-— @4.88 - New York exchange,-.sight:'.'.".'. -—*H .O-'i New York; exchange, telegraphic—'S .08 ; Hongkongr exchange, i sight;...: — '<£ ■47i Hongkong. exchange, telegraphic — gjjKiSi New, York silver, per ounce. • -" 58% London silver, per 0unce:...".:.: -"i 2t: l."i-16d • CONTINENTAL j New.York on Paris ........ 1........... .5.18% New York on Mexico -——— Berlin on L0nd0n.........,'............. Paris on L0nd0n........................ ——— Clearings In Western. Cities SEATrLE, July . 14.— Clearings. 82,895,318; balances. $315,411. f .. ' ? SPOKANE. July Clearings, $925.057; bal ances. "$132,191. ..'."■'-■- ■■■-.■ : TACOMA: July 14.—Clearings, $496,301-, bal ances. $26,878.. ' .-. ■ PORTIAND,: July 14.—Clearings, $2.4,923; balances,'; $294,507. ",•;*"-.* : : Xexr.York tinner Market : NEW FORK, July 14.Mon«> on ' coll : firmer. 2ij to 2% per cent; last loan. 2% per cent; closing bid, 2% per. cent; offered > at ; 2% per cent. >:"-" : ' - --^..*g -Time loans—Firm. - Sixty days.-'3%@3% per cent: ninety day-. 4%@4%."per cent; six months,' B@B% : per ' cent. ..,';: "" Prime mercantile < paper.,6 "per cent. . Sterling.- exchange easy with, actual ■ business | in ' bankers'., bills Jat "$4.8325-* for sixty : day * bills. and at $4.8685 for demand. : ' Commercial. bills—s4.B2%. *'', Bar sllrer—sB%c. ' 'Mexican dollars—-47c. . QoTorameßl bonds, steady; railroad -bonds, heavy. :.'.:-':-. '-: '«".-.•.'--.''--'-' " v; Condition of Treasury s;■'":■ :; : WASHINGTON,' Jul y 14.— condition of the United States. treasury at' the' beginning of \ busi ness j today c was: Net balance in s general *- fund," $134,020,723; total receipt*.Saturday,,s3,o7o,4oo;: total payments Saturdar $4.243. the!deficit this fiscal year is $10.47*9,688 *3 against < a deficit of ;$9,.41,299 -last year.?.exclusive sof v Panama canal and public debt transactions. ~-■;. SAN FRANCISCO STOCK AND BOND EXCHANGE | Though actual trading was light; slightly better prices, prevailed on the San Francisco; Stock-and Bond exchange yesterday. ' i Associated-Oil stock made:a quarter point gain, while Spring \ alley Water and Sugarlstock-remained "firm.- ■'• . • ; ; There was strong 'demand; for California Gas &- Ble< trfc unifying 5 per i cent bonds and , for Pacific Gas s and Electric i ss. =; the former improving to $32.50 1 with" pale of $9,000 5 and"'the'latter a shade: betters at $83, with sales- of $10,000. r . Bond sales totalled $25,000 and stock sales; 350 shares in the listed depart menU-''.. : '•'•' i - /: '".'■':'■-i'-'y.--'"- .'"■.'"'-"".'■■ ■'■:'■''■■.-''■-' \ , ' : .'- ■■; •-- .■•;•'?. ■• '■'■'-. •■-■_■•.•■■ -. -;- ■■• The one stock was active in the unlisted, 40 shares of Pacific Gas and Electric preferred going; at $87. There were no bids for Pacific Gas common. . The f'only bond investment was of ;* $",000 Natomas 6s ,at ?55.- ■ For Western Pacific railway bonds 576.25 was bid. / LISTED SrcCTUITIRS sales jkly M, itia ' . v.»:'. ■ ■ Morning Spssion ■ ' ; ■ ■ " : . . ■ ■ Afternoon ;. Stall on ;■■ Board— Board— 23 Associated Oil Co RB.TS r.o Associated Oil Co 38 .15 Associated oil Co.'s 90 .'!!!!!*!' "8:7.*. !•' BO Associated: oil Co .........:3S.fi2Vs ■:-. '"i 73 OttOfßea Sugar C0.......V.;/... 21.00 ; 15 Hawaiian C'oml ,V 5ugar. ....... 26. 75 ; . >53,000 Cal Gas'&. Electric unifying -'is. 92.."i0 -"0 Paauhau S i' Co 14.00 $6,000 Pacific Gas &■ Electric 5s .-.;;; "85.00 - •" Security -.Savin?* Hank. s6 ..C26.00 . $4,000. Sacramento Elec, Gas &Ry .is.lol .25 ' 33 Spring Valley Water C 0..'...... ."1.00 Street—. :■ „ --~~ '■- '.': ■: • 11.000 Spring Va) .Water gen mtge 89.00 . 90 Paauuau .S P C 0............; 11.(10 -Street-'- *: 000 Cal Gas & Electric unifying '<"■ 02.r>0 ... 54.«'00 Pacific Gas & Electric 5s v "' 00 - ' i fijQ6o s Jonquin i.r & r to, series a.. 101.30 ; ■ " CLOSING quotations , BOX ! Bid. Ask.' Bid. Auk. Miscellaneous— , Bid. Ask. Oakland Transit Co <te. 188 <107}UBank of Cal. X A.. — A lamed* Art** W ">. — M * Oakland Transit Co 6*. — 10:5 - California st X B I3j — Associated Oil Co ss. Of>y. — I Do-Con 55.'........ 92 100 Cal Fruit :Cenner«.. .. 1 .■> 11*¥j Bay Counties Powr.s.lOOiO— I Oakland Tree Con 2>s. i'~-'■•■■-' --S5 ICal In« Co (par *4O). — '< Cal Cent Gas & ElT.s.loo — lOakland Wat« (ttd 5« S9»i — Cal Wine MM pfd.. — M Calf El Gen r,s. s«'i- a. — S". Oninihus'Cable", By Cs. —; 100 ! Do common 40 — CalG&El cm & etsa. — nn ! Pacific Gas Imp r 4si..~- M V. ido Pont de N com — 1-T-' , l>o unifying 5«.... 82% Pacific Gas & F.lcc ."s. S4'4— Fireman's Fond Ins... -At. -•"' I California St Cable sa. !l!)" s lU2'.. I Pacific Electric Ity .V.I(U : _. First Nat Bank of S F. 2*20 . 230 California Wine ."is.. 94 .fl7 " Pac Lt A: I'ow :rM ss. — -07 lOUnit Pewder C0n.... SO — Cent Cal Traction ss. — <)•_".. Pacific Tel & Tel r.«;, 96»J '■!!'•, Hawaiian Coml & Su?j. Wfi — : Coast Counties !<&P :.s —. ur, ♦ Park & Ocean R R C«. — J'* ,l, * Hawaiian Sugar C 0... -"> — Contra Costa Wat ss. — OS i.,: People's Water Co 5s — 74 Illonokaa SiiKiir C 0.... ■■ •' Do gen mtge 55.... — •.*:: I Sac El Gas ARy s*.loft?ilo2 |limit "Bros Co pfd... ***>. — Edison El of I. A .'.*. 37% — Sac'& Woodland Ksi 85% '•<-?■ tHiitchlnson Suk Plant. — 10 i Edison l.i'Elir & P es.lo4';. -- S .loaquln I.t &- P."is. 37 9S' 4 ' Mercantile Nat Bauk.2oo — X I iluPont I'wdr 4'.s M l .— : Do Cor (»-:. series A. 101 102 > Mutual Savings Bank. B0 — First Federal Trst.'s.lOO'i — S F Electric Ky 55.. — 00 X Cat Power Co Con. 2.". -6 Ferrfes & Cliff IT RGs. -- 'lOiii, SF.Xapa & Calls H Bβ. — 108 Onomea Sugar C 0.... 21 ; — Great Western Tow 5e SI %82 "is F. Onk &S .T Rf3e. OS 100 Orn Electric, Corp pfd. — »'-' ■ Haw ; Cnnil A Stiff.-: Br. _ 101. ' Do;2d rntce 8* .'..■.":•:'» — 02 ! .Do common ;... -....-—- !-■.• I Lake. Tahoe It &T5-S. — 07 |S J& S Clara R4 1 .s — fM> ' Panuhau Sncar Plant, Uj ,— - Long Beach C On« (is. - 102 I Sun t a Barbara«*Eie«. — 100 ! Pec Aui Tiro Alarm. 2.. 4' 4 ! :.■- A i ■■; Gas & El 58. — lm |Sl»rra Rt ofCal Cs.. — 100 IPac Coast Borax nfd 00? + -- Do-Corn 55.;..;... M) . 81 SPRR of c 1 <• ?ss.lW/L> — ' Ho common ... ..— 100 Los A . •_■ : ■■< Ry r,5.102' 4 — iSPP.r«nfli R of C Cs — 121 r Pacific Coast Casualty. 00 190 Los Ans Light" ■,-!.' ss. —' lOflijlSP RR ! Ist ref 4>. (W% M Ppciflc Light Corp pfd — •€> ■ L I Pa« I: B Ice V 100 Hi"", S V.m! Wat penm 4s. SO - s '''. ", " common, ...*... - - i" v 3 I. A-Pac RR of Cal ss. — '.<', tUnlted Ga" & Elec s*. — 100 ! Pnclflc Tel & Tel p#d !>l-i — Starin Wat & Pow ss. 0!)'/i— Patted RRof s V »s 52 ■54 ' Do , common '■~ -S — Market St \em 5". — no Val Comities' Pow Sβ. !«"'' '—";. IPer.p!e'« Water Co ofd. — .'0 Mirl Counties G&FI Us — 101 ' STOCKS I Philippine Tel&T Corp — .24 I Mill Val a MtTmK'.s. 07»'. _ [Alaoki PackcrH , As«n. SO — 'Realty Syndicate .... — SO I Nor Ry Co of Ca) 55.104"i — - American Nat Bank.. — I*3 |«erieri Vn r.k A Tr..t.» — Nor Cal Ry r ss. ..=.*. 101' — ! An"Io-Cal Tni«tCo...— 125 IS F Oak Ter Rys.A nfd — .-'j Xor Cal Power Co :,s. 90 100i:!Anirio & Loo P Bank. — I*l ]<nrii2 Vul Water Co. al —i-. Do Con 55......... _ no' [ArtnsbyCo <■( XV pfd — 100 ISterlin? Oil f.- Dev.. — l.co Nor : Electric "Co ."is... — 'no I Associated ' oil C 0.... 38% — 'InioM Sugar/. Co ..... 19 — Oakland Gas, L&n .'>s. — 101 J ','":, : ! ■' inrtjffTiSD SECURITIES SALES JUL.Y 14. 1913 4" Pacilc Gas, a- Electric - (pMV./57.00 j $3,000 IXatomas Con 2<l mijrr- f.5....,. 55.00 The following arp the,latest naotations for unlisted securities on the San Francisco; Stock and Bond exchange: BONDS I V . Bid. Ask.l , . Bid. ■ A«k. Bid. Afk.lßrufh P?'!fl<- ro»st-4s S7»' a — I Oc*>an Shore Ry — — Alaska Packers 6s. ... lii4"ili>-,i.'. \So Pac I F Term 4«. M SI I Oak. Antioch & X... ' 10 Anier River Elec ."<. 00Vi 98 )Si;nspt Telenhone 55..100 102»*lolaa Snssr C 0........' 1% — Associated Oil Ist ref 80 !)O I StiPrrr - Flour Os — lftO ! Oro Development Co.. — 40 Bay Counties Pow fis. — 103% I Union Oil Co i* — .4 1 Ornhenni .stock ...... 10H — Blue Lukes Wat bds.lo2 — ! ITnitrd Licht it P <i«. — 00 Owl Drus Co pfd.... — 102 Cal western 10014 _ T>*ted -P.<iperti"« ss. — ;S' I P»fifl,. Hard & S pfd. — «"• Coast Val G&EI lstCs.lOO 101 i Do debenture 65.... 5 1.1 | Do common ....... -. 25 Gen: Petroleum <;<.... .-.0 = ; f.i'.. 1 w#w Sticto Lund 6«.. — ; 100 - |ppr;.- Port ce-nent. .50 — ; . Honolulu Plant (1n..., —' 101 '"|Western Pacific Ry ."is T<;', 4 —, Pacific Oe« * Blec nd — 87% Hunt Land Imp «s. — 101 Yoscmite Val tit .",«.. —. S3 !.* Do common — 44 N't Whitney Pow 6s. 100 — STOCKS Palace Understock.... — ? n .:. Natoma* Dcv 65..... 94 100 *la modi Sucrar ...... —•■ 20 | People's Water c0m.... — 3 Do Land &Mm 6s. — ' 100 Bank of Italy:. 125 — |[P. I■£ Santa R6«» Rγ. 2<i'i — . Do 1 2d.-mtße-Cs... . ,"."" 4 ■ — | Buffalo Brewlne Co.. 61 75 I Port turner- Amer 8nk.105 — Nor Cal Pow f ?oh Ha. — - SO 141 Cal Cotton Mi 115..... — 75 !pniilsr-> Wireless..... — 23 Oak &' Antioch Ry ." =. — SO 1 Cal State Life . Ins...' — 14 I Riverside Cement ....— 50 Oak. Ant &i; Ry ss. — SO [Central Cal Traction.— l"ii'fSeahoardXat Runk.*."".Hβ 12H Orphean C»s ......... 100*4102% Central X:R of ■ Oak. — _ 145: |Sontbern Cal Cement:. -- 55 Pacific Port Cement 6s 0!> —' I Central Serines Bank. —- 7~V 2 \ Standard Cement "... — 21 Palace Hotel C 5.;... — Cypress Lawn ....... "3 4 I Standard OH of Ca!.. — — Pet & Santa Rosa ss. —.97 • I First X«t Rk of 0ak.200 — ! San Francisco Sfcur... 50 57V, Do 6s ............. 94% — French-American Rnk. — 100 |San .Toa'jilin Light &P — 22Vi Philippine Tel 55.... —" R5 General Petroleum ... 10V, 201 Do preferred — 90 I),, 6s T."........... — f»S Hawaiian Pineapole.. —.40m Santa Cruz Cement.... — ■".»'■ Riverside Cement f's.. 77 79 Honolulu Plantation.. 21 2K i perry Flour ........ — 25 Sacto Vol Power es.. 75 — Do pool .:..;......— 22 . Do preferred .......— 101 San Diejro Gas *: El "s SS • — Honolulu Oil ........ % 1 Union '-'ay Bk of Oak. — 300 SF&' S .loaiiuii) V"s. — 108 Italian-American Bnk. — H2UlWeod Lumber C 0....'. — 100 S:F:& Nor Pacific 55.101 — Mascot Copper-.....% 1% 2^4 1 West Mi? & Guaranty — 83 Ban Joao L& P ser B — • Matson Xaricratlon ... — IP.O I Western Pacific, Ry... « — Sierra &S V Pow 5s — g? l ,*.!Merchants' Nat Bank. — 92V(.IWells Fargo Nev 8k.170 175 Standard Cement 6«. . »1% — " Xoble Electric Steel.. — :','.. I West Coast Life Ins.. — 200 Standard 1 Electric ss. *>4 06' iNatomas Consolldeted. — 8. I TTpst << : icto Lai»<l Co.. — 7>~ X A Santa Cruz Cement.. 80 85 'Nor West Electric... SO — I Western Amer Realty. — 20 »S F Gas = & Elec 4i«s. — BO [Northern Klec Ry pfd. 44^ — I Western Meat Co .102V-1-136 Do no» callable..".. — 8S ) Do common . ..20 — Western States Life.,. ** — South Cal Cement bds 70 75 (Oakland ißank of Sor. — _ 2j>2V 2 W*tern Power D fd... 43 — South Cal Edison B* ' 85 Oakland Traction pfd. — .70 I Do common ... — 16 South Ynh.l !Water fis. 103 . — I Do common .....;.— 20 ! I Mining Stocks -4-— ——— ;'.."_.' ~ . . .♦■ " Tonopah .Merger, North Star of Tonopah and Round Mountain were : the firm features of the Bush street market for Nevada mining shares yesterday, all. three stocks; ■coring substantial advances* on the, execution of some, large and urgent baying orders. The greatest gala was In Tonopah Merger, which was the most active stock ..it the list, with the: sales running well si...v.- 25,000 "shares. The stock closed at t>oc Saturday and it opened yesterday looming ! with a quick rise .to 7Sc. * The price receded a little ImmediatelT after the opening, and after;back- ; ing and filling within a narrow range the stock turned strong and advanced to S4e. where It closed. This issue, together with most of the other active Tonopah securities, ruled very firm Ml the New York -curb-at rising prices. North Star went-to $1 a share In New York and it cleared that level here in the -late - trading, closing strong at $1.02%.: sales and bid. after an early dip. Rescue Ettla. , which .: had been hovering around .the 22« level for about a week, finally advanced a point on fairly active .trading. Mizpah Extension advanced to half a dollar. Jim Butler and : Midway showed small net gains on the day and West- End climbed back to the-81.30 level. ' Monarch Pittsburg Intension was the only weak feature of the Tonopahs, declining to I2e on a .heavy unloading movement. . : - _ 'Che t firmness in Round Mountain,' which ad vanced without Interruption to 60c. against a closing vice of 52c Saturday, was brought about by a report that a dividend would soon be an-, nouneed. "About 10,000 shares changed hands on the scale up. '. -" " ',' The Ooldfleld trade was light, with ;prices showing little change g from Saturday's closing quotations.. Fifty shares: of Consolidated sold nt 51.67% On the regular call sad ■ larger block brought the old price of •; Si.7o '•• at, the- Informal session. Jumbo remained weak at lie. the same price was offered for Oro and I'm- was bid Tor Merger Mines. ,:.:■' . ' Ophir and Sierra Nevada were the most active of the north end CoßMtocka. The former, was unchanged.'!- while the latter; lost. „ point. Con solidated Virginia declined Ito • the same extent as ■ Sierra , Nevada. , For .Mexican 7::.. was bid. and' Sc» was offered for " Union. The Utah Mining company of Nevada has levied an assessment of -2c i share. Assessment* :of ;2e-and 1c respectively on "Blue- Bull and ■■ l*ma itiila were delinquent in the board j; room 'yes ; terday. The mill at the Mexican mine ran 00 per cent of the, time last week and crushed <'>>'>» tons of Mexican ore of an average assay value Of $20.00 a ton and a gross value of $1«.59.".. lit. SAX FRANCISCO STOCK EXCHANGE Following W»re the snips "II the >iin Francisco Stork exchange yesterday: . ' . ' * , .. ' ri"™\i:ar Morning Session r 1000 Boston Ton .. 102} 700 Ophir ........ 16 100 Cnledonla . '..'. 1.45(2000 Rescue Kola .. ■-':: 50 Old, Coa M.1. 67 Mi ">OO Hound Mt .... .V, 500 Mlzpah Ex .. .".it 2.".00 r.otnul Mt .... ">« 1500 M"n Pitta Ex. 13 000 Sierra Xcv ... i:\ 2500 Mon Pitts Ex.-"; 14 3000 Ton Merger ... -7S 1100.North: Star :.1.00 1000 Ton Merger ... 77 ' ' A.fterdoo'l Session 2000 Atlanta ...... 1511600 North Star ... 00 1000 Atlas Wonder. 12 300 Ophir ........" Hi 1000 C O D.v..:... <>•"> 100 overman ..... B5 100 Con Va • M.... 5000 Reacee Kula .. ' 22 200 Gld Con M...1.70 500 ItouiAl Mt .... .17 500 Halifax ....1.37U 1000 ; Do., * -10.... r>7 900 Jim Butler .. ; 7.'i 500 Seg Ichor .. I<> 1000 Jumbo Ex. b(JO ;12 6500 Ton Mercer. .. 80 1300 MaeNaniara .. 1611500 Ton Merges '.. 7s i Vii Midway* ..... '44 CSOO.Ton Merger ... 70 7000 Mon Pitts Ex. 13 300 Do. s 5..... 78 '200 Npv Hills ... 93 500 West Knd ..1.27Vj 300-Nev, Hills ... Iβ 800 West End . 1. 30 100 North Star .. OS| ' Informal :'■ Session ' ■ ' ; 'i, 200 Andes .......; 01j : B«Kae Tula .. 21 1000 Atlns s Wonder. ; 12'IOOG Kescne. Hula ... 23 •100 Ca10d0nta....1.50 2001) Round Mt .... ."S 1000 Cash, Boy .... *08 1000;Kound Mt .... .-.7 500 Cent Eureka.. ii;i.VH> Hound Mt .... 5!) 200 COO Va M. ... 13 ;">OO Round Mt .... SB 200 Hale:& Norc. 08 300 Sierra Nit ... 12 3000 Jim .Butler,..r 72 1500,T0n Merger ... 8] 1500 Jumbo A.x ... 11 1300 Ton Merjjer ... iJj 27.000 M"i: ' Pte : Ex. 12 3000 Tee : Meiyer ... S3 KM) Montana ; :....1.05 1080 To>i Merger ... .S4 200 North Star '.. 1.00 2000 Umatilla: ..... 05 :500 Do, i) 11.1.02H 500 West. End... 1.30 3000 North Star. 1.02':. I '■ • : 'CLOSING-QUOTATIONS CALIFORNIA '.: ■• -: , ■ ■ . '■ ■■; , -Bid. Ask. Central Eureka '. ....;•............"...... 11 — .' ' :• '. ,'- :•, :■ • -'-'"' NEVADA >'■ '-, .- ' - : . - ' ■ Comstoctn :' ■ - ' : . Bid.Ask. - .- ..'; 8i.1.A-k. Alpha ....... 01 02.' Julia ;Con .... — M Alta ......... 05 : —{Justice ....'... — 05 Ande5:,....... 01 02;Kentuck -Con.. — 02 Belcher ■;;..';. 15 ' tMexican '.".] 73 ' — Besti& Belch." 0". 00 New" York ... — 24 Bruna Chollar. 10 —Ocridcntal ■'.. .. 70 — Bttins ;■ I'ntosl.. ;10 —;Ophir :;:...... 10 V 5 17 Bullion ... .v. — : Overman ..... M- ; — Caledonia ....I.ThI — I'otosl m .... ;... 01 '■-': 02 Challenge .... 03 — SavaK<v ....... JI 12 Chollnr ......'. -:.0l V eZJSeg : Belcher [ .. Oft -10 Confidence ... : — 22|Seorpion ....... 04 '— Con v imperial.. : ? ~ 02Sierra Ne v ... 12 13 Con Va M.... 12 13' Silver Hill ... — 05 Crown iPoint.. 28, —Union-Con .... OS Qβ Exchequer.. ... — ; 02[litah .........' ,03 \O~, Qeuld i - Cur. 02 041 Yellow Ja<-ket. 21 ;— Hale :&Norc. 07 —J r.v.... ■;.■■:... ■-~■-,.■.'■ Tonopati 'District " :. ''; » . Belmont .....6.07 6.12 Mod Pitt* . Ex. t,lt?^}l2 Beaten '.Ton '..>O2 -■ 03 North St.ar * ...1.02 l.<■'.% CaKh>Boy .... JOS ,(K1 Rescue Kula ■.. 22 .23 Qrt Weat Cee. <»i 02 Ton Bxten ...2.:;"> 2.40 Halifax; ......1.32 1.40 Ton i;vp»v :<'■»> 07 Jim Butler .. 71 70|Tun Merger ... -fe3 So ■■ • •■ :---■ , -■ " , ' •" ' ■ Mar-Samara .. 16 17|Ton,of Nev...4.50*: — Midway ..... 43 tit-,,., 7.; Con... 01"';,. 88 Mizpah Ex .. 50 , 521 Umatilla .. 04 „ 05 Montana .... .1.02'1i.07j West End ... .1.25 1.30 GolUfle'>" District •'. Atlanta ...... 15 161 Old Merger M. 16 17 Blue Bell ... — 02,'Ornndma:..:.". — 02 Blue Bull ... 01 02IGreat- Bend .... 01 02 Booth ........ 02 t::Ort Bend Aux. — 01 C o .D::....-.. 02 03!Crt. Be-.,! Ex.. — 01 Columbia ML*. 01 Jumbo Ex .... 11 12 Com Fraction. 03 04 1 Lone Star Con. 01 02 Conqueror Con — OilOro 10 11 Cracker Jack. — 01 Red' Hills ... 01 02 Dmd a Butte. 02 03|Red Top Ex.. — 01 '"Drndfld." Daisy. 02 Sandstorm Ken — 01 Florence ..... 30 35' Silver Pick C.ci A3 05 Frances Mhk.. — 01 [Spearhead - Gold 01 83 ! Old Con M. . .1.67 1 .72'Verual ....... 88 08 Old I Portland.. — 01 [Yellow Tiger.. 82 M Gld Kewanas.. 02 03' . , Bullfrog' District Mayflower Con — r 01 , - Manhattan District Dexter Union. — 021 Man Dexter .. 02 03 Cold .Wedge.. 02 04lMan W Caps. -07. OS Man Amalgam .'— Oi'Mis Hill Con.. — 01 Man Big Four. 40 441 Morning Glory." 01 02 Man ; Con .... 03 OO'Mustang Man.. — 02 Man. Crescent. — 06i . • "her h*. •.;,■•.: . Atlas Wonder. 12 —IPitts S Peak.. 47 40 Fueto's Nest.. 02LRaw Coalition. — 01 Fairvw O Bid. 02 03' Round Mt .... 57 60 ! Nov Hills ... 02 .94) Assessment I>li , »e*.»»y \evaila Mines COMSTOCK MINES "Company— -.- No.. Bel. Board.-Sale Day. Ami. ; I Sierra Nevada. 35 June 20 July 15 .10 Caledonia .'... '.. SS ,-. ;' July l July 25 .03 Crown Point... I June 30. July 25 .10 Con, Virginia.. .25 July 5 July 30 ' .10 Savage ....... 26 July 5 Aug. 5 .05 IGould ft Curry. 25 July 11 Aug. 5 .03 I Challenge Con... 62 July ,12- Aug. 5 .05 I Overman ....... 43 July 21 Aug. 13 .05 I Belcher . ...100 .Inly 21 Aug. 14 ; .10 (Andes 70. July 27 .' Aug. lb .02 Utah .......... 17 Aog. 12 Sept. 6 ' .02 SOUTHERN 1 NEVADA* Silver Pick Con 1 June 20 July 2R .01 Rescue * Bnla 4 July 6 Aug. 11 .01 atlas Wonder.. 10 July 11 Aug. 6 . .01 Umatilla Ton... 2 July 14 . Aug. IS : .01 Blue .8u11...... 2 July, - Aug. 18 .02 ! Oil Stocks | •»' —-—-—; : ———— '■ _ '■ ——c- SAX I"HAX< ISCO STOCK EXCHANGE Bid. As';.' Hi.l. Ask. Caribou .... 65 7". Record ..... 1.00 — Glarem'out.". ' 55 . OOlSauor* Bough. ' — 1.50 Coal Central .20 — Sovereign ... OS 10 Coal/! Ifohwk '■ -— 95!.« W'& 8... 10 — Maricopa 38 ;18 '• -Sunset Hon.*. -•- 1.00 Occidental.: 20 --Turner '. 1.55 ."— I Pae Crude..: 23 rjOfWolveriae .'. 50 — Peerless--... — I.Storage ctf-. 29 — Premier .... 20 ~ —| , , . .'.SALES,.-.; - .:,-..; -11:!.. a. m.— - 100 Caribou .75 LOS ANGELES OIL EXCHANGE (Special Dispatch to The Call) LOS: ANGELES. Jfcfy 14.—Associated Of] con tinues to be the attraction in the trading at ihe local stock "exchange. At today's session the; issue sold at.J.IO with sales Of 40 shares. Union Oil :- was frog at $75.50. Sales of 10 shares were recorded. National :. Pacific posted sales of ;1.500 shares at 2' cents. ; -In the off board." trading 2,000 shares of National Pacific changed hands at" 2%: cents. - . , OIL.STOCKS Oil Stocks— • -- Bid. Ask. Amalgamated Oil Co. 84.12*4 85.23 Associated v; Oil Co "... 38.87*4 * • -■ Bear Creek Oil & M. Co.. .fi.'tH, .74*--. California ■ Oil C 0.:........ .11% ....." Columbia Oil C 0...,...,..:.... .85 Fullcrton Oil C 0.......... 2.00 ■ , 3.00 Jade" Oil';' C 0.,.................. .US Maricopa: Northern ..*/ .04% .'.os*' Midway " Northern .........' is"„ ..... National Pa. tic Oil C 0.... .02** . Pennsylvania i Mid. Oil to. .07% -V.V. .'•■' Traders' oil C 0.:....... • 48.00 Union, OIL C 0.. . :: .....75.00 75.50 Union * Provident - C0:...'.~... 85.00 • 90.00 "' United-Petroleum C 0..."... 83.00 ' 80 50 - I'nlted Oil C 0............ •• :it>!4 .12*1 West Coast ' Oil. pfd ....... 05.00 - -■'. 105.00 Western ;-■ Union. 05.00 06.00 •"•'•' '."''.■:":". MORNING SALES: '•-,-: [,300 National !Pacific Oil Co ftjti 10 Associated oil Co ........,.•".... .",0.00 - '-?■ 10. Union Oil Co /. ............ 7.-, 50 ■''•' • 'OFF:d:OARD: 2,000 National Pacific Oil Co. fb .10).. 02%* ■ AFTERNOON" SALES: 4.000; California Midway Oil Co ........ 14 7,000 National Pacific Oil Co ....;:; .v. > ; '.Qtii'.' 1,000 Midway Northern Oil Co /.....;.. .10% ' New York Produce '-*■ NEW -YORK. July, 1 ♦.—Butter—Easy: receipts. 7.560 i tubs.'-- Creamery i extras, ; 2<;'..<<7'27e: : firsts, 25'...'h 26r : ; state., dairy ■'• finest."! 26c": " pro.- ex tra*. t24"&<fr 25c; < imitation 'creamery -firsts.' 24c: factory.*'current ■ make ; firsts. 2.". fa 25'-'. c;: packing Stack, current make. No. ]. 21 Vie*. ■»... -"~c Cheese—Barely - steady: x receipts. 702. boxes. State."whole: milk, fresh, colored • specials.': 14 M '.; n'-.c: ido ;white; and .pale. :14i;c: skims. Sftjllc, '*- ; . Eggs—Steady; ;' receipts. 12.782 ; cases'- * .Fresh gathered » extras, ; 24"Ty 26c :*> extra J firsts.*; 21 2."c;; firsts. lS'sj.fiJCOc: i Pennsylvania "and, nearby t hen nery whites, as .to 'size • and | quality. 25 >u :'.('.-: ■do gathered' Whites, 'Si(a 28c; western gathered whites, 20623 c MARKET INERTIA WORST IN YEARS With Prices Fairly Steady, ■• ■ ■ •. . ■ ■ ." - - ■ ■ ■ ' .■ ■ Wall Street Changes Only 70,300 Shares Rumor Depresses Copped and Other Leading Stocks Drop Fractionally • ::^;- : - {. ' .NEWi YORK". July 14.—Continued* paralysis of speculation to 8 degree un paralleled in recent years was the fea ture of today's market. Prices held fairly steady, although late in the day some of the leading stocks cased off. influenced by the weakness of the copper group. With a, few exceptions, fluctuations did not ex ceed fractional limits. There was no appearance of life in the market at any time during^ the session. The day's to tal of transactions was only 70,300 shares. Weakness of the coppers was asso ciated with the rumor which has often done service In the past, although each time discredited subsequently, to the ef fect that the government was about to institute, proceedings against important copper interests. : Smelting broke two points to within a fraction of the year's low - price, and Amalgamated Copper yielded a point. Canadian Pacific also was exceptionally heavy, and Union Fa cific at times lagged behind. There was no , development over the weekend to stimulate speculation. Tho possibility of a strike of conductors and trainmen on eastern roads tended to restrict trading, although the day's developments were regarded as in creasing, the probabilities of a peaceful settlement. Resumption of gold exports to Eu rope had been looked for. as it was ex pected that, conforming with the three previous movements of the year. $<. -000,000 or $5,000,000 more gold would be sent out of the country. in addi tion to the $1,500,000, engaged for ex port today tentative arrangements wore made for another shipment of the same amount. The year's exports of gold now amount to $64,885,000, of which $41,000,000 went to Europe and the re mainder to South America. : There were few changes of impor tance in the bond market, although a number of well known issues displayed a weakening tendency. Total sales, par value, $1,049,000. United States 4s coupons advanced V> on call. Hutton's New York Letter Extreme dullness again prevailed during today's session, Volume of trad- Ing was the smallest for years, with the exception of last Friday. Sales up to 2 p. m. were 65,85?, only 10,000 more than Friday. Opening prices showed fractional losses in Heading. Southern Pacific and Union Pacific, while Cana dian Pacific, though it was loaned at a premium, declined on the first sale. During the first hour prices advanced on news from "Washington to the effect that the president was hopeful of a settlement between railroads and train men. Strike vote was, taken on Sunday and was really nothing more than had been expected, and general opinion seemed to /be, that the disagreement would not result in a strike, but on the other hand it was thought that developments advantageous to railroads in their progress toward ' securing higher rates might result from the con ference ": with the ■ president. Balkan situation continued to be a factor in • the •■ London market. Advance of the Turkish army toward Adrianople. it was said, destroyed what little hope bad, been entertained of an early set tlement. London did nothing of eonse ntienne in this market. Additional $1,500,000 gold bars have been pro visionally entraged for export to Paris j later in week. Traders made a raid lon Smelters, selling ' that stock down jto . sr> :; 8 on the argument that the com i pany's operations In Mexico were being j interfered with. Amalgamated Copper J declined ,on reports from the copper j metal trade Closing prices showed i fractional declines in general list. MISCELLANEOUS MARKETS Cotton Mnrket From K. F. Button & Co.'s prfratfi wlre.V NEW YORK, .inly 14.Despite lower temper., I stares in the southwest over Sunday and i'or<« easts for spattered rains in Oklahoma and west I Terns the market was. stronc. The underlying basi< of strength lies in the scarcity, of offering, M 1 no one •. dares: to t.ike the short side .on old crops with.the local stock small, and few cure to soil the new crop. at a SO per cent: discount n"der the old. Census reports today showing 4fiT.oon bales consumed !n this country in June, and a total of 4,834.000 for 10 months were about as expected. • Crop advices \ continue - Terr favorable. Southern spot markets are reported unclinnged. . : Spot closed quiet 'and unchanged. Middling upland*, 12.30 c: do eulf. 12.n.-e. So sates. cotton FUTURES Tear Option. Orven High Lew Close Jnly 12 asn July *.. .12.06 12.18 12.tW 12.14 t£<M 11.<H Anjr. ... 12.0.". 12.12 12.0.*: J2.10 12.0β 11 fit sent. ... it.flfl li.en '11.07 11.CO 1160 120.-. Oct. ... 11.42. ii.. M 1.42 11.47 11.44 12.13 Nor. ... . ..... ..... 11.. 11. It 12.1f, Dee. ... 11.". 11. '-ll.rK 11.37 11. 12.21 ■ T "i. ... 11.1*0 11.:;:: 11.28 11..t2 11.30 1220 Feb. ........ .......... 11.35 '11.31. : 12.2* March .. 11.33 11.40 11.33 11.30 II.!W r>:: ,1 May .......... 11.43 11.10 12.41 St. r.onlw Wool Market ST. LOUIS. July 14.— steady; northern and western mediums. IT-V/I'V; slight" burrr ICO> 1 1»".'...-: fine barry, 1.", i.,-. .. »w York Coffee Market NEW YORK. July 14. —Trndlns In coffee fu tures was much less active today, and while Saturday's advances were not maintained, the market showed a steadier, tone. The opening was steady fit a decline of "3. to ."> points in re~ spouse 'to disappointing German cables, ■ Imr prices -almost Immediately; steadied on corerine and the aft ire months rnled about 3. to 5 points net liisli'T during tlie middle v of the day. Ron.-. tions followed under realizing, but the close mil steady. \ : Spot coffee steady. - Kio. No. 7. !>%e: Santos. No. 4. ll'.i-. Mild coffee, dull. Cordora ■ 13<fJ "■ 16</.c. COFFEE FCTUItES - Option— - Open , Mijrli Low Close July ..... 8.."1 c August ....: 8.«3c September .......... 8.78e . B.SOe §.tse t.7Se October ....'. o.Sic November-...; ..... !>.S7e December •<.:>:„■ o.ooc S.SV-c ft. 37e January. " 9.03 c February ................ D.IOe. -March 1............. O.K'C 9.20 c 0.15 c O.lftc April ..: 0.1.-.. May ...9.22c t>.3oc 0.22 c 0.22 c June 9.22 c Sales, 38,000 bags. / Llventoek Market CHICAGO / CHICAGO. July 14.——nceeiptj". 31.0(K>: market ' slow. ."e to 10,- lower: bulk. fft.&WH 9.10; lielit. $S.SOT/9.2r»; mixed. ?S.O.V«/9.20: heary. $5.45(Tt9.07V'; rough. \:,'n vi;.v pig,., 57.:;0',7 !t. iii. Cattle -Receipts. 23.000- market steady to ic lower; beeves; -|7.20@0.C."5 Texas steers. S,'.; R.I": I western -(>■<!>. • JC7.15@8.2.">: stoekers mid feeders. $5.00<H7.«0: cows and lieifers, S: 8.40: calves, $.v..-,1.1'n 1 1. . Sheep—Receipts. 10.000; . market strop.- to lOn liiaher; ! natWe, . $4.15r ( t"..V»; western, st.-'.'c 3.30; :■■ ye;irliiiirs. $5.W><(i:7.."».": lambs, native, ?G.CO@S.4S; western. ?'i.i;i^,-/s. 1.",. j KANSAS CITY ,' S, KANSAS CITY. July 14.— -Receipt*, f.eOO: market .".<■ lower; bulk. $8.80@8.9O: heavy, »5.75e '. packers and butchers. $S.SO@S.OO; H?bt.,?B.SO#H.iX>;, pics. $7.73418.50.: - : - Cattle—Receipts.'-17.000: market lOc .lower; prime fed steers." t8.35«J8."5; dressed beef steers, $7.25@5.25; _ western . steers. fdiiiH: ' southern.. steers. - $3.50**7.00: cows, $4.20@7; heifers. $6.23@8.e0: stoekers and feeders, $j.25(§;7.70; belle. «3©7; calves. ; Sr.^/f). • : Sheep—Receipts.' 9,000: market strong; lamb-. SG.2.j<?jS; - yearlinss. ; 55.25@0 : wethers, $4.25*Ee , 5; ewes, |3.75@4.40; atoekera . and feeders, $2.u0 @i.23. ••• ' , ~;, ■>■ '■ ■■' ■-':■.::>■■ c:.?_ Low Ansrele!» Produce' Market '{Special-Dispatch to The Call) LOS ANGELES, July: 14.- Esps jumped 2c a dozen-* for > local stock : today, while v northern dropped ' .<•. The -demand is almost wholly, for fi"sh ■■' laid e%ns. Receipt.*, r>7o cases. , ;Local ranch. ? candled T.Oc. ;- case : count ; 27c; northern, case connt.'" 21' •'■. :■;■-- -"■■ ■ '-'■ , • . '->' . ' «: Better—Receipts. 90,."20 pounds. Prices t» th«« trade '•<* -;above ,;■ quotations. California extras, 30c: tir-t-. 2Tc. 1 ■ Cheese —Receipts." ',. fi.COS pound«. . Northern fresh, , -l."l4c; : eastern singles, , lSc;.do twine, 17c;: do Cheddars, lT'-QlSc. •"*;,.:"