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The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, July 17, 1913, Image 18

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85066387/1913-07-17/ed-1/seq-18/

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BUSINESS, COMMERCIAL AND FINANCIAL SECTION
14
W.S. TEVIS DENIES
DELINQUENCY YARN
Asserts Positively That He
Did Not Throw Bonds
on Market
Holds $800,000 Natomas
Securities Which Are .
Not for Sale
Positive denial was made lo The
• 'all yesterday by William S. Tevis'
of Tevis and Hanford lhat I large
block of Natomas Consolidated first
mortgage bonds had been dumped by-
Tevis-Hanford interests upon the mar
ket thereby depressing tlie price to
Ml
Equally positive denial was made
that $500,000 of these bonds had been
held as collateral for Tevis-Hanfp.rd
notes, interest upon whicli had not been
paid at the maturity.
"It is not a fact that Tevis-Hanford
interests have thrown Natomas' bonds
on tlie market." declared Mr. Tevis.
•Nor is it a fact that we have been
delinquent of a single dollar in in
terest.
"The total number of Natomas' bonds
sold by us in a single period covering
more than two months is less than
SO. Not a single bond has been of
ferer! on the San Francisco Stock and
Bond exchange. All the sales have
been made privately and mostly to
personal friends. ' . •
"We consider these bonds as good
aa cold and our total holdings of
th«m are nearer $9*9,690.than $509,000.
"All of the bonds' are in. my name
snd I have no present intention of
selling any quantity of them. The
very lowest price, at which any of
these has been sold to personal friends
was $«0. but T would not sell another
one at anything less th:tn $85.
"The story of Tevis-Hanford de
linquency seems to have been, inspired
10 Iniure our credit," indignantly as
serted Mr. Tevis.
"We have paid out obligations as they
have become due, though fn a few
instances we have asked for and have
been given time. We ate now abreast
of the situation and see our way out."
Mr. Tevis added that . the Tevis-
Hanford interests had gold small lots
of 19 different issues of securities,
but had done so privately and cau
tiously so as not to affect the mar
ket. In the aggregate of sales there
had been no sacrifice. He intimated
that his interests, if forced to. could
offer approximately $4,000,000 In bonds
of various Issues, but that there was
no intention' to offer any issue in large
blocks.
MT. WHITM:> »' WD. K. BARKINGS
The statement of • the lit Whitney
Power and Klectric company,.' for the.
month of June, shows gross earnings
for the current year of approximately
$500,000, and for the month. $49,0,74.14.
a gain of approximately 19 per cent
for tlie year and 23 1-3 per cent for
the month. The comparative state
ment rendered by the company to Wil
liam R. Staats eompanv follows:
Tear Ending June 30 1912 1913
Gross earnings 8414.005.00 $491,773.58
Operafg cost and taxes. 189.755.00 233.804.22
Net earnings 224.847.00 257,909.36
A gain of 14 per cent. in net earnings.
Month of June 1912 1913
Gross eavnings $37.150.00 $49,574.41
Operafg cost and taxes 17.004.00 23.600.08
Net earnings 20.156.00 25,974.33-
A gain of 2S per cent in net earnings.
4r * . *
< nli BONDS AT PAR
N. W. Halsey & Co. and E. TT. Rol
lins & Sons announce that the. balance
of their second allottment of San Fran
cisco 5 per cent municipal bonds, total
ing about $200,000, will he offered at
par and interest. In other words, the
financial syndicate handling the bonds
will close them out af cost price.
* * *
DEMAND FOR O. A. AND E. BONDS
Directors of the Oakland. Antioch and
Eastern railway already have received
subscriptions from stock holders of the
company for more than $200,000 of the
company's authorized bond issue of
$1,000,000. They feel fairly sanguine of
their ability to sell the entire issue
to their stock holders, in which event
the proposed assessment on stock will
not be required.
* * *.
STOCKTON BOND SALE
Sealed proposals'will he. received hy
the board ot supervisors of Stockton
August 5 for the purchase of the bonds
of the Stockton high school district
authorized at the bond ejection June
5. These bonds aggregate $98,000 and
will be sold' a?-one lot or as several.
They are of the denomination of $1,000
each and are dated July L. 1913. They
will bear interest at the rate of 5 per
cent per annum. The bonds are pay
able in the following manner. One
bond in two years, two bonds in. three
5 ears, five bonds lb four years and
five bonds each year thereafter up to
and including the twehtv-second year.
*'•»•. #- ■
S. P. STOCK DELIVERED
According to a Byrne & McDonnell
wire from New York. .$38,000,000 of
Southern. Paciflc stock, held in the
treasury of the-Union Pacific; was ex
changed yesterday for- $42,000,000 of
Baltimore and Ohio Stock held by the
Pennsylvania railroad. -.
* * ■•■».
ROCK ISLAND EQU IPMENT
Rock Island is now' .receiving The
equipment for which, the $4,410,000
equipment .certificates 'were recently
J. C WILSON & CO.
MEMBERS
srw yobk stock exchange
new york cotton exchange
* hicago Board of . trade
the stock and bond exchange
san francisco
MAIN* OFP-ICEt
Mllln Bulldlnc. Saa Franclftr* ■
BRANCH OFFICES—Lm Anzclr*,
San Diego. C or «- n a«lo Beach. Portland.
Orr.i Seattle. Vancouver, B. CV
Private 'Wire. Chicago. New York..
E. F. HUTTON &CO.
4»0 California St. Tel. Dons Ins 21.57
M. FrancJa Hotel.- Tel. Doagla> 31182
Members New York Stock Exchange
BOND S
INCORPORATED
CONSULTING and •
CONSTRUCTION ENGINEERS
PUBLIC SERVICE PROPERTIES
FINANCED and MANAGED
SO Pine Street New York
The New York Central and Hudson River Railroad Co.
§. Grand Central Terminal, .
. J New York. May 14. 1913.
To holders of
THE NEW YORK CENTRAL AND
HUDSON RIVER RAILROAD COMPANY'S
3V2% GOLD BONDS,
LAKE SHORE COLLATERAL:
A letter explaining an offer to exchange 4% mortgage bonds of
lhl«"eompany for its 3%% gold bonds. Lake Shore Collateral, will be
mailed to the holders of Lake Shore collateral coupon bonds on ap
plication to the secretary. Please give address and state the number
of bonds held. W. PARDEE, Secretary,
NEW YORK STOCK MARKET QUOTATIONS
■+~j — " : r
E F Hutton & CO 490 California street, members of the New York Stock
exchange, furnish the following list of bond and stock sales yesterday:
;MM \ STOCKS'.' IBhtaJ 1 B'd I A«k_
'. 49V700'Auiulg. Copper ... 00%; «4%l'«♦•'•< ««%
| 4(>o:Am«-V B«>t SugarJ 22%; 12' 22% 22%
li Do pfd i |. .... 70 RO
! 12.5C0 Amer Can C 0.... 20% -2"5% 2» 29%
1.200! Do pfd }90 87%! 80 90%
i • .700! Amer C A F C 0...- 42*4 1 42 j 42% .43 .
109] Do pfd ...I 1111 111 . 109 115
400 Amer Cotton 0i1..1 30% 30%: M 'ff%
S ! Do prd I »iH]
I :i American II &-L • o% ■
} ! Do pfd !-' W 2?|
■ 'Amer Ice Secur..! !.;...! 21%
flftflj IBlf Linseed.... S% 'SVaj s % s %
I Do pfd 23% 236,
'Amer I/Momotive. ...'.. 29 30
I Do pfd I M 9
'Amer Malt !.i | ' ■
i Do pfd I I 47 50
4.soo'Amer S A X C 0... 61"* «0% 01%' 01
1001 Do pfd '99 99 1991 MM
'Amer Snuff I t |145 160
I Do pfd I I 90 103
900 Amer Sugar 100%109 1108 111
' Do pfd | U....|112 116
'Amer Steel Foun.i I 20 % i 2i%
SOOlAmef T & T C0...1127%t127%127% 127%
lOOlAmer Tobacco. ...'218% 215% 21R 219
I j Do pfd ' I 96 ! 90%
1 lAmer W001en....! 1 10%j 20
1 1 Do pfd : j i 75% 70%
l.SOO'Anaconda ' SS I -.. 32%' 33%1 33%
100 Atlantic Coast I,.!ll6 1116 116 (116%
1.400* A TA- S F i 96%! 95% 96 %• •*%
500 Do pfd i 97 ! 96%: 90% 97%
OOOißalt & Ohio ; 94% 93%' 9414 I fi4 %
\ i Do pfd ! so soti
400 t Bethlehem Steel..l 29%! 29 ! 25%1 29%
I Do pfd 1 | ! 00 167
l.Ooo'B R T ' SS ' S7 i,sj! 57% 88
4.200 California Petrol. |30 ' 2S%' 2Si 4 | 28%
2».4Oof('anadian Pacific.. I2tt% ;213% ! 216%!216%
1.000 Chino Copper 34%: 34% 34%! •'4%
1.900 C & O I 54',! 63%! 53% 1 53%
| hC * A ! j 9I 9%
j !C G W t i 12% 13
j Do pfd I ! 30 159
500JC A N V 12-S ,127 127%!125%
3.1001 C MASt P 104 :10314, 103%'104
! Do pfd I |133%!13«
SOO!Centrai Leather.." 22 i 22 i ttm] 22%
I I Do pfd ! 91%; 02
Central of X .1 . . . , '275 :300
COCA St I ! ..'. ..1 '.40 !46
i - Do pfd i 1 i 91 '
OOOlCoio Fuel & Iron.' 28% 2S ' 27Jfc 25%
Do pfd 19<r '
100 Colorado Southern' 31 ' 31 Sot,' .31%
| Do let pfd.....( i ' 65 I Oft
I Do 2d pfd.< I -55 165
r 500'Cor.solldated Gas. 130 129 1 , 190% 1130%
I 500iCorn Products j 10 10 '10 10%
100 Do pfd .61%; 61%! 65 167
I iCrex Carpet .... .... .f 08 i OS.
I Del A- Hud50n...'..... 152 150
....... DI.&. W 355 3»5
I . 100' Den A Rio" Grande 10% int., 10%' 17%
! 2ooi Do pfd ..; 30 ; 29% 2s
'Distillers' Secur.. 12%! 14
,!Duluth SSA A. ; 4%! «%
' Do pfd. ! < 10 jl2
s.SOo';Erie .' ' 26 ; 25%! 25% 26
1.500 ; Do Ist pfd 39%' 35% 39«~.> 39%
! Do 2d Pfd ' 1 32% 32%
SOOlGeneral Electric. 140 139 139'; 139%
400 Gt Northern Ore. I 32%' 32' . 32%; 32%
I.SOOGt Northern pM..'124 138% 123% 121
200 Illinois Central..: 113 % T 18% 112% 1113%
100 Inspiration ~ ' 14%! 14't. 1 14%
100 IntertMiro-Metro.. .I 15% i 15's 15%! ].*H,
I;7COi 'Do pfd 50% 56% 56%; 56%
'Inter Merc Marine "'..... I 3%] 3%
.: i Do pfd j ! 1 13%! lfi
I.2oo'lnternafl Paper..! 9%j 9%l »% 9%
.200' Do pfd ! 39 ; 38 39 ! 40
....... Internat'l Pump... I J 0 j 9
Do pfd -...j...... ' 22%! 23
'lowa Central -j !.- I 6V>! T%,
Do pfd .'.'...' 14 i IS
I.3uO'Ksnsa« City Sou..' 27%! 27 ! 27%) 27' i
I Do pfd :• ! 59 ! 59%
3.100 I>-bigh Valler 147% ! 146 [146% 147
lOOiElegett & Meyers.;2oß 208 1200 1210
...i...i Do pfd ! ! !106%H09
'P I>orlllard C 0... ' i 152%1175
I Do pfd.' :iO6 HOK
7t*> LoulSTr & Nashrl. 134 133 134 |135
sold. All the switching locomotives
lave been put into active use. This
year's equipment orders have been de
livered earlier, than those of last year,
as the equipment companies are not
quite so rushed as they were a year
ago.. Because of the prompt delivery
of equipment and because Rock Island
has. spent $2,700,000 more on mainte
nance than in 1912, the road will be
able to handle the heavy fall traffic
with greater economy and dispatch
than was the case last fall. On this
account. Rock Isiand officials antici
pate improved earnings this fall, in
view of the fact' that crops are of such
excellent promise.
GREAT WESTERN POWER GAINS
An official of the "Western Power
' company, the holding- organization for
the Great Western Power company, has
given out the following statement in
New York:
"The company is in splendid condi
tion and present indications are that
the increases in business will be still
greater in the last half of 1913. while
our increased capacity will permit still
further advances in earnings in 1914.
At tlie present time we find it hard
to sufficiently increase our capacity in
order to supply the ever increasing de
mand for power. While these develop
ment expenditures might ordinarily he
considered unusual, in this instance the
demand on our capacity justifies the.
development work.
"With business continuing' at the
present rate, for the remainder of the
current year, net income of the com
pany for 1913 ought to amount to $900.
--000, or approximately 3 per cent on
the outstanding common stock. In 1914
I look for still further increase in net
income to about $1,500,000. at which
time a dividend on the preferred stock
probably will be declared, it being too.
soon, however, to estimate the amount
of the payment."
Dividends on the outstanding $6.-.
030.000 6 per cent preferred stock be
came cumulative January 1, 1912. so
that 12 per cent will have accrued on
the stock by the end of 1913. It is
'understood that the contract with the
Pacific Gas and Electric company to
supply that company with 25,000 horse
power pending the completion of the
latter company's Bear river extension,
has been renewed for one year at
the same price as previous contract.
By the time the renewed contract ex
pires if is expected that the Paciflc
Gas and Electric company will have
power sufficient for its own needs and
the -Western Power .company can then
s.el-1 the 25.000 horsepower at a much
better price than it receives under the
terms of the present contract.
_..'.* 4f w
ASSOCLATED On. PURCHASE
The Associated Oil company has pur
chased the Loreno M. and S, and Co
lumbia oil properties In the Kern river
field. These approximate holdings of
55 acres.
■ 4? * 3fr &
'GENERAL PETROI EI MS STRENGTH
"Strength in general petroleum six
per cent bonds, which were 55 bid early
in the week and closed Thursday at
60% hid. Is doubtless due to the recent
favorable financial and physical de
tvelopments of the company,", says the
| Wall Street Journal.
General petroleum finished its. finan
j-c'lng several weeks ago when $3,000,000
i notes' were 1 sold In San Francisco, New
York . and London.. July 1 the Cali
fornia refineries began operations and
the company's production has increased
from 11.000 barrels to 16.000 barrels a
day 1n the last month and a half. The
increase, was due to the bringing in of
several big wells in the Midway dis
trict. The new pipe lines are now in
operation, and* have a capacity of 25,
--000 barrels a day. •
• • • .
COMPLAIN. OF IRRIGATION COS.
The Grid ley Water Users' associa
tion has filed- a complaint, with the
railroad .commission against the Sut
ter-Butt.e Canal company, the Gridley
Land and Irrigation company, the
California Irrigated Land company, the
Irrigated- Land Company of California
and W. 11. Gilstrap. The complaint
charges-: •
■1. That, the defendant corporations
have, conspired, to evade the proper
THE SAN - FRANCISCO CALL, THURSDAY, JULY 17, 1913.
Suit* I STOCKB IHlgh! Low | Bid I Art
Mackar I j 1 77 !\77%
.-. ! Do pfd ■.! 65% m
400iMexlcan Central.. 11 I 10%! 10% 10%
2,oooMexleun Petrol.;. 62%! til I 61 61%
pUlnn A St L0tt0........ 14% 16
I Do Ist pfd ! 33%! 36
400iM St V A S S M. 125% 124 i 124%. 125%
Do pfd.: ; I 133
2,200 Mo Kan A Texas! 21% 21 21 21%
100! Do pfd ,57 57 56 57
■ 30»> Miami Copper | 21%| 21 \2l 21%
I.soolMißsonrl Parificj 31 I 30%! 31% 31%
lOOlNational Enamel | 11%! 11% 11 %i 12%
{National Lead*...} 45U| 47
lOo! Do pfd !10C% 100%1105%1107%
I National Biscuit.. j 1112% 1115
j Do pfd j 116 '110%
l.lOO'Nevada Cons 15% 14% 15 15%
lOOiN V Air Brake... 61 |61 60 163
B.4oo:Ncw York Central 08 i 00% 97% 108
200 N V N II A H...it 04% 104% 103%{10n
100! X V (tnt A W... 28% 28%' 281 .20
400 Norfolk A Wes! . . !104 1103% 1104 104%
1 Do pfd i ' 80 jB7
(North American..! ! 66 !67
3.4oo!Northeru Pacific..ilo7%!loC%|lo7 '107%
lOmaba j I 119 '120
Do pfd i '134 !140
!Paclflc*Mail I I j 18%! 19%
JPaolflc Tel A- Tel 1 1 ! 27%' 29
2. too Perm RR Co 111 % ! 11l % 1111% 111 %
IPeople's Gas 1.....1111 !113
l.OOOll'ittaburg C0a1... 10 ! 15%' 10 i 16%
! Do pfd ' ! | 77% 79%
IP C C ASt L> ..; 1 ! 90 '94
! Do pfd 1 1 ' 98 Hls
lOOiPressed Steel Car 23 23 23 ' 23%
A, Do pfd 1 I i 92%! 93
SOO Ray Cons IJ%! 16% 17 17%
|Rt Steel Springs.' ' 23%! 24
Do pfd '.'....! 90 I 95
.--.400 Reading 1159% 1187% 159 169%
j Do Ist pfd ! ! ! 80 I 87%
! Do 2d pfd ! ! I 88% 87%
l.SOO'Republic S A I . 19% 19% 10% 20
! Do pfd ! ! 78 179
700 Rock Inland C 0..! 16%| IK%| 1« ' ! I fi %
2.200! Do pfd i 25%! 26%] 25% 26%
IRnmler ' ' 1 14%! 17
! Do pfd ' I ! 36 140
200 Sears-Roebuck . .' 167',. 1871 ■• 167%'109
iSloss S S & I Co. i 23% 25
... I Do pfd !••••• \ ' n1
, - . Stl. tt SF Ist pfd. ! I 14 I 18%
-...! Do 2d pfd ! ! 6%!. 7
!S» I. AS W ! '; ' 25 j 26%
... | Do pfd ! 64 t 66
70.700! Sow hern Pacific. 02 % 91%1 91% 92
SOOlSouthern Rt 22 ' 21% 21%! 22
OOOi Do pfd ! 75 18j 75 !77
I.loo'Tennesaee Copper.•! 30 ' 25%! 29%. 3o
300 : Texas-. oil 1106%!404%t103 ftflß
100' Texas Pacific 14 " 14 '14 1 15
I.soo:Thlrd Avenue ...I 32% 32 32%1 33
200; Toledo st L& W\ 8% '8% 8% *%
200 Do pfd | 19%! 19% 19 120
. ..Twin Cltr R T ... 1 ... . 102% 103%
31.80Okjttioa Pacific ... 1147% 14"% 147 147%
500| Do pfd 83 82%j 83 !84
Cnion B & P ! I 4% ! 4%
'Unit R»s lnv Co.! ! ' 17 ! 19
100! Do pfd ! 32 !32 82%! 33%
iC S C Iron Pipe.' ' 1 9%' 1 I
I Do pfd ! ' ! 47 149
R9OIU S Rubbe- 80%1 59%1 50%' 00
200; Do Ist pfd 103% 103% 103 105
Do 2d pfd ' ! [70! 92
50.800' U 8 Steel Cor .. . ' 54*, 83%] 84% i "t%
700* Do pfd ;105%105 11069(1105%
2.9oo'Utah topper ....'43 I 42 n , 42%' 43
OOo'Va-Car Chem Co.' 25 ! 24% 25%' 28
' Do pfd ' [ 96 ! 97%
!Wabasb .' 2%j 2%
100! Do pfd 6% «%' 6%' 6%
IVTeUs F Express.! ! Mil '115
U>o Western Union ..! 61V Ot'j! 61%! 61%
200!Westn Maryland.! 38%1 38 89%1 39C
I Do pfd 1 i j 55 !50
l.OOOiWestinghouse ! 58 > 58%] 59
W& L E I < ! 5 ' 7
! Do Ist pfd ! | | 15 !17
! Do 2d pfd ' 7%! S%
(Wisconsin Central' ! 1-44%: 59
300lWoolworth ] 87%! 87 j 87%! 88
1 314.200 —total shares sold.
maintenance of the ditches and laterals
through which they contracted to de
liver water at the rate of $1 per acre.
2. That the Sutter-Butte Canal com
pany has sought to change the place
of delivery of*the water. 3. That the
Sutter-Butte Canal comoany has not
delivered an adequate supply of water
for irrigation purposes. 4. That some
of the laterals are inadequate in size
to supply the necessary water for'ir
rigating the lands of complainants.
5. That the main branch lateral ditches
are in several instances improperly
maintained and kept up. 6. That the
defendants are selling water rights
beyond their capacity to serve.
APPLICATIONS FILED
These applications have been filed
with the railroad commission:
By the Saratoga Telephone company
and the Pacific Telephone and Tele
graph . company for an order authoriz
ing the latter to purchase the prop
erty of the former. The Saratoga
Telephone company is located at Sara
toga, Santa Clara county. The price
named is $3,000.
By the Valley Tele
phone company of Kern county, apd
tlie Pacific Telephone and Telegraph
company asking: that the Pacific Tele
phone and Telegraph company be
authorized to withdraw from a certain
section in Linns Valley and to turn
over the business to the Delano-Linns
Y'alley Telephone company.
The commission has denied a re
hearing to the Title Guarantee and
Trust company, as trustee for the
Glendale Consolidated Water company,
and to the Mlradero Water company.
* * «
Bl\K TO O PE\ BRA NCH
Certificate was. granted yesterday hy
the state banking department to the
Pioneer Bank of Porterville to open
a branch office in Shrathmore, Tulare
county, for both savings and com
mercial.
LOCAL BANK TLEARINGS
Local bank clearings yesterday as
reported, by the San Francisco Clear
ing House association were $9,138,
--663.04.
Wilson's Views on the Marketa
(Froni J. C. Wilson A Oo.'s. private wire 1.
NEW YORK. July 16.—Tho slock market has
shown strength today, due to Ix>ndon buying,
short covering and aome speculative activity
here.. There ' wa« considerable, stock for sale
on the advance, but- it was well absorbed.
• . Money continues tight and . helps to hold
the market In check. We adhere to the belief
that with a continuance of favorable news prices
will ■ move upward.
Cotton —An advance • was caused by dry
weather in Texas- and-Oklahoma', high tempera
tures 'n parts of Georgia and South Carolina
and short covering.
With premiums on the near months and local
stocks rapidly diminishing, many former bears
say they don't care rrnieii about selling.
The speculation Is not broad nor active. It
looks like a buying proposition on the setbacks,
however, but the trading shoOld be for moderate
results pending further developments.
BOSTON. July 16.— The local market came
to life and demand for the Coppers was good.
Confidence is' slowly returning and we look for
Increasing Sctivitv and higher prices.
CHICAGO. July 10.-_Whcat: Cables came only
%c. lower, against our decline of a cent. There
were very liberal acceptances from abroad on
offers of wheat from. tMs side. In fact, every
thing offered was reported to have been ac
cepted.
An array of more favorable conditions from
a holder's standpoint made It easy to estahlish
some advance. While the big merchandising is
going on wheat is likely to keep within a 2 or
3 cent range, but this could easily be changed
to an advancing market on anything startling
from the spring wheat country or marked
strength abroad.
Loan*. Exchange and Silver
Commercial paper .-. ..5%ffi66 per cent
Loans on real estate S%<SJOU, per cent
Sterling exchange, 80 days.... —@4.&3%
Sterling exchange, demand.... —84.87
Sterling exchange, cables —<£$4.88
New York exchange, sight — & .02%
New York exchange, telegraphic — <it ,08
Hongkong exchange. • sight — (H .47%
Hongkong exchange, telegraphic —fa ,4S
New York silver, per ounce.... — ffii ,SW%
London silver, per ounce —<jj 27d " '
CONTINENTAL
New York on Baris ■ 5.18%
New York on Mexico
Berlin on London ;...*.«*. 20.46%
Paris on London.. 25.24%
Clearing" In Northwestern Cltlew
SEATTLE. July 16.-Clearings *2.1*4.874- bal
ances. $258,422.
TACOMA. July 16.-Cleat lugs, $100.200: bal
ances. 853.54 c
SPOKANE. July 16.— Clearings. $705,301; bal
ances. $87,264. '
PORTLAND. July 16. Clearings. $2,010,487;.
balances, $241,605.
New Y"ork Money Market
NEW YORK. July 16. Money on call steady.
2'b>2% per cent; last 10an..2% per cent: closing
bid, 2 per cent: .offered at 2% per cent. Time
loans strong: 60 days, 3%<fcC4 per cent: 00 days,
[email protected]% per cent: six months. 6i36% per cent.
Prime mercantile paper G per cent.
Sterling exchange easier, with actual business
In bankers - bills at $1.8325 for 00 day bills
at $4.8665 for demand.
totrimercial bills. $4.53.
Bar silver -58% c.
Mexican dollars. 47c.
Government bonds steady; railroad bonds ir
regular.
SUMMARY OF
THE MARKETS
Blew York slocks active and gen
erally higher.
London agaia a stood buyer in
Wall ntrect.
Boaton copper aharea in demand
at better price*.
Cotton futures work into new
high icronnd.
Stocks dull and bonds active on
local exchange.
Trade In Tonopah mining sberea
calms down.
Wheat and corn higher In the Chi
cago pit.
Spot wheat eoutinuea dull and
eaay locally.
Speculative barley market dull
and weaker.
Spot barley nominal In the ab
aence of supplier.
Hay and feedntun's dull and gen
erally cany.
Strictly freah egg* are becoming
rather scarce.
Quotations for butter and cheese
iMichit naeil.
Most klndsi of vegetables In over
all pply.
(.rape crop hadly damaged by the
hot weather.
Klrat nutmeg melons appear from
tbe river.
Two cars of eaatern chickens mar
keted.
New York Bonds
U S ref 2s reg... 98 iJapan 4%a 88%
Do coupon .... 98 (Kan Cttj So ref 5s 96%
Do 3h reg 102 I. Shore deb Is. 1931 90
Do coupon . ...102*|L & N unified 4s. 92%
Do 4s re R U2 !.M. X A Tex Ist 4s 90
Do coupon ....112 ! Do gen 4%5.... 80
Panama 3s coupon.lol [Mo Pacific 4« 88
Al-Chal Ist 5s ctfs 48».. ! Do rv 5s •. 78
Ani'-r Agrieul ss. '»7«. r . \ R of Mcx 4%5. 77%
Amer TAT cv 4s. 100 ' N V C geu 3%*. . 80%
Amer Tobacco 6s. 115 Do deb 4s 89%
Armour 4..a . .. 89% NY.NH& H cv 3%s 75%
Atchison geu 45.. 88% Nor A W Ixt con 4s 92%
Do cv 4s. T9'io 90% Do <T 4s 102
Do cr 5s .'. 99-. Nor Pgelflo 4s 92
Atlan C L Ist 4s. 88 *> Do 3s 83%
Bait A Ohio 4s. ia>% O 8 Line rfdg Is. 87%
Do 3%s S9 Pa ct •">%*. 1915. . 91%
Brooklyn Tr CT 4s 87% Pa COO 4s 99%
Central of Ga 58.103% Reading gen 4«... 94%
Ont Leather 55.. 92% st L & « F fg 4s. Os
Ches A Obto 55.. 93% Do sen 5a 51
Do con 4%5.... 79% St I. S W eon 4s. 75.%
Chi & Alton 3%5. 51% Seaboard VI. sd.i 5s 71 %
C. B & Q joint *4s 03% So Pacific col 45.. 87%
IK> gen 4s 92. Do cv 4s \ 86%
C.M& StP.v 11..a. 101% Do Ist ref 45.. 88%
C.ftlA Pac col is. 54% So Railway ss. ...101%
Do ref 4s 78W Do gen 4s 73
Col So r&ext 4%5. 90 "'Cnion Pacific 45.. 95%
Del & Hud , v 4s. 91 P Do cv 4s. 90%
Den ARC ref ss. 68 Do Ist A ref 4s. 91%
Distillers ,5s 81% 0 S Rubber 6s 100%
Erie prior lien 4s. 84 H' 8 Steel 2d 55.. 99
Do jjen 4s 09% Va Car Cbem 55.. 90%
Do cv 4s. ser B. 67% Wabash lst&ext 4s 49%
111 ten Ist ref 4s. 80 Western Md 4a... 76%
fat Met 4Us 75% Westing El cv ss. SKI*,
Int Mer Mar 4%5. 57 'Wis Central'4s..<\ 85%
New York Mining Stocks
Com Tunnel bonds OllMexlean '70
Con A a Mm Co.. 12 Ontario 2.00
Iron Silver 1.00 Ophir 14
Con ... OKYelloW Jacket .... IS
Little Chief 03] •
| New York Curb Stocks
(From R. F. Huttou Sz Co.'U private wire.l
NEW YORK. Julr 16.—There was a more
cheerful tone to today's market. The tobaccos
were strong. Alaska sold up to IS%. Tonopah
Merger was weak, rallying a little at the close.
North .Star closed at 1 1 16.
Rid. Ask. Rid. Ask.
Alaska (&% 18% [Mix pah Ex .. 50 52
Anglo Oil ... 18 19 [Moutg Slio 02 04
Belmont 8% MHNer Mills ... 90 93
Braden Coppr 0« s 6% Nipissing .... S'4 8%
Do 6s ....135 140 lOhio Topper,. % %
Br Am Too. 22% 22*4! Par G&E com 42 44
British (01.. 2's 2% Do pfd 83 88
Butte Si N V % 1 San Toy 20 2.1
Chi Subway . 2 3% i Sloux Con ..2 4
Cluett-Peabdy 43 50 IS W Miami.. 5 T
Do pfd ... 82 90 So Ctah 3-16 5-16
Colorado 12 16 (standard Oil.
Con Aria ... % %j ex subs ...356 858
Davis Dalv.. 1% 2%' IH> Cal ~..169 170
Dolores 2 4 ! Do Ind 326 880
El Ravo 1 2 ! Do Kansas.3os 315
Ely Con 9 10 'Stewart 1 % ll* 16
El Paso 2% 8 'Tobacco Prod. 100 120
Emerson 26 H j Do pfd .... 82 88
Do pfd .. .SO «<> Tou of Nov.. 4% 4%
First Nat ... 2 2%Ton Exten .. 2% 2%
Fraction .... 2 4 [Ton. Merger... 84 86
Florence 30 35 ITri Bullion.-.. % 316
Giroux 1% I%'lTuolumne 1 1%
Gld Daisy .2 4 Cn Cig Stores 82 82%
Gld Belmont. 2 5 Cnlted Copper —• %
Greene Can.. 6 6% I>o pfd 1 4.
Hallinger ... 16 17 I" S Light... .8 8%
Halifax 1 I'ijWeat Pac Ry. 6% —
Iron Blossom. 120 130 Do 5s 70% 77
Pit Rubber .. 7., SftjWOßt Pow pfd 45 48
Jim Butler .. 73 75 Do com ... 16 18
Jumbo Ex .. 11 .12 West End ... 1% 1%
Kerr Lake .. 3% 3%lWettlaufer .. 12 14
Keystone .... 1% I*4(Willys Overld 30 60
La Rose 2% 2% Do pfd 80 01
I-ehlgh Coal ISO 190 Yukon 2% 2%
Manhat Shirt 30 70 Prairie Oil ..296 302
Do ofd ... 98 102 Vacuum 174 177
Man Transit. 1% 1% Cont Oil 196 202
Marconi 4 4%) Utah Sec ... 15% 18
Mason Val .. 5\ 6%j Do notes .. 77 78%
Mars Oil ... 17 21 'Atlantic ref..585 505
MeKinley D.. 1% l*4jOM Con .... 1 11-16 I*4
Miami 6s ...168 173 ICon Copper . . 2 3%
Mines of Am 2% 2U'North Star. . 11-32 1 1-16
Montana Ton. 1 1%) '
Boston Stocks
(From E. V. Buttoa & Co.'s private wire.l
BOSTON. July 16.—The market, opened mod
erately active. Granby waa tbe strongest
feature, advancing 1%. Butte and Superior waa
the feature In volume and activity. It opened
1 point up, but soon lost lt, although buying
Order* continued excellent.just under the market.
Alaska made a brilliants showing, being active
and holding splendidly above yesterday's high
nnd today's opening. The Hayden properties
are the main features here and show good buy
ing throughout. 'The market, continued quite
active well into the afternoon. While the late
afternoon trading wn« quieter, prices continued
to advance and the market closed strong at top
■prices.
Bid. Ask.] Bid. Ask.
Adventure 1% I%.Shannon 12% 12%
Alloues 32% 33 Santa Fe 1% 1%
Arcadian 1*; — Cnlted 5h0e...45 45%
Arts Com . . 2->, '2%l Do pfd 27% 27%
A P 2*4 3% | Super A Bost. 2% 2%
Do i>fd ... 17 17% I Super Copper. 25% 20
Balaklala ... 1% I%(Tamarack 88 20
Cal A Ariz.. 60i; 60% Trinity 3% 3%
Cal & Hecla.4ls 420 U S. Mining.. 36 36%
Centennial ..11 12. Do pfd 46 46%
Copper Range 38% 39%! Utah Apex .. 1% 2
Pair West ... 2% — Utah Con .. .' 8% K%
Frast Butte... 10% 10% Victoria 00 07
Franklin .... 5 5J* Wolverine ... 44% 45
Granby .-...'. 88% 56 Wyandotte .. 65 00
Hancock .... 17% 17% Winona 1% 1 %
Helvetia ... 30 75 Greene Can... 6% 6%
Isle Royale.. 18% 20 !Ray Con 16% 17%
Indiana 5 s%'Algotnah .... 1% 1%
Kerr'Lake . 3 3 16 3%|80s & Maine. 60% 62
Keweenaw ..1 14 I%|Ros A Albanv.lft7 —
Lake Copper. 7% s' Bos Elev 80% ftO
La Salle 4 4%!Unft*d Fruit.. 153 153%
Mass Con ..... 2% 3% ; Swift 104%104%
Mich Mm .. 1 1% Old Colony ..'• 3% 4
Mohawk .... 44 45 'Mayflower ... 7' 4 *t%
North Butte. 25% 25% (line 18% 10%
Nev Con ... 15 lftuißntte A Super 20% 27
North Lake.. 1% l \ Island Creek.. 47 1 ....
Old Dominion 44 45' jDo pfd .... 80 SO*;
Osceola 76 77 IB N 60 05
OJlhway 60c 1 P X 1»% 10%
Qulncy 57% 58 (Alaska 18% 18%
MISCKLIi ANEOIS ~M AHKETS
( oltan Market
(From K. V. Hutton & Co.'s private wire.i
NEW YORK. July 16.- Influenced by steady
cables: fears of lilgii temperatures in the south
west anil continued strength of old crop options,
cotton showed decided firmness again today and
new high levels for this movement were reached,
but there whs too much for sale and part of
tlie gain was loßt. it is a fighting market with
the trade watching the weather and crop de
velopments and the temper is still leaning to
the lone ({de. It must he admitted, however,
that the crop is progressing well and that
damage is more apprehensive than actual.
Spot clove.i quiet and unchanged. Middling
uplands. 12.35 c; do gulf. I'.'.OOc. -
COTTON FUTURE'S Year
Option. Open High -I,ow Close July 15 ago
July ...12.1ft 12.21 12 17 12.10 12.13 12.03
An-,-. ... 12.08 12.13 12.07 12.09 12.04 12.04
Sept 11.73 11.70 12.13
Oct. ... 11.53 11.58 11.53 1L&8 11.48 12-28
! Nov 11.44 11.38 12.28
Dec. ...11.43 11 50 11 43 11.15 11.40 12.30
Inn. ...1138 11 43 11 37 11.30 11.34 12.30
Feb 11.40 11.35 12.5*
I March .11.45 114 ft 11 45 11.45 11.41 12.43
1 May . 1-1.40 11.43 12.31
New York anil London Melal Market
NKW YORK, Jul? 18. OejOfif Klrm: stand
srd spot. ta.26e-oM; -Tnlv. 18,26tJ15.87f>: Au
gust and September l 13 25® 13.73 c: electrol.vHc.
!4«?14.37c; lake. 14.37«i14.50e; casting. 13.R7
'SUe.
Tin—FTasy: spot. 3!i.Ko'»f P v ; August and
September. 39.73tg.39.n0e.
Lead—Qiitet, 4.3fte
Spelter Klnn, ,-.1.-,(4,.V30e.
Antimony — NominalCook«on's. 8.33f|8.85e.
lmn -Dun and unchanged.
liondon msrkeis closed as follows:
Copper-Quiet, spot. £63: futures. £63. ss.
Tin- Quiet, spot £I*l Ise; futures, £I*2, ss.
Lead -fan. • •
Spelter—£2o. 10s.
Inm -Cleveland warrants, 555, 4' 3 d.
SAN FRANCISCO STOCK AND BOND EXCHANGE
Demand for California Gas and Electric unifying 5s was a feature on the
San Francisco Stock and Bond exchange yesterday, sales totaling $41„000 at
192.50. The market continued strong, with an upward trend for most securities.
I'nited Railroads is advanced to $5 1.62% and Southern Pacific refunding 4s
to $89. Pacific Gas and Electric 5s remained firm at $85 and Spring Valley Water
4s at $89.12%. Northern Railway 5s sold at $106.50 to a total of $5,000. Two
Natomas 6s sold at $80.
Sugar stocks continued strong, but Associated Oil went back a •shade to
$38.75. Total business in the- listed department was $66,000 in bonds and $»»
shares of stocks.
In the unlisted. General Petroleum was stronger at $61. Five Natomas.De
velopment second, mortgage bonds went at $55. Total transactions were $11,000
In bonds. For Western Pacific bonds- $77.50 was bid and $"9 asked:
LISTED SECURITIES
SALES JUEY 16. 1913
Morning Session Street—
Hoard— $41,000 Cal Gas A Klectric unifying 3s. 92...0
5 Ouotnea Sugar Co 21.25 Afternoon Session
$1,000 Cal Gas & Klec Q M ft r T 5*.. 100.00 Board— ■
$1,000 City Klectric Co 5* 83.00 SO Associated Oil Co 52
$1,000 City Electric Co 5a 82.75 50 Hawaiian Coml & Sugar 26.83%
81,000 Loa Angelea Rr 5a ... . 102.50 $5,000 Pacific t;as A- Klectric 5s 85.00
$1,000 Natomas Con of Cal 6s. . . . 80.00 $2,000 People's Wafer Co 5s 70.00
$1,000 Natomas Con of Cal 6s .-ash 80 00 81,000 S F. Oak A S Joae R.T sa. » 6. WH.SO
55.000 Northern Rv Co of Cal 5" 106 50 $3,000 S P R It Co Ist ref 4a 80.00
$1,000 S Val Wat gen mtge 4s. cash 89.12% $1,000 United RRofS I* 4s 84.9R%
$1,000 S Val Wat geu mtge 4s 83.12%
CLOSING QUOTATIONS
BONDS ' Bid. Ask Bid. Ask.
Miscellaneous Bid. Ask. Oakland Gaa, I .AM ss. — 100% Bank of Cal. N A... -""
Alameda A lies \v ss. - 00 'Oakland Transit Co Os. 102 107% California Si R B ■--*%
Associated oil to 5s 97 — Do 5s — "'3 Cal Fruit Cannot*. .. . 113% —
Bay Counties Pow sa. 100% — Do Con 5s 91 98 I Cal Pis Co ipsr $401. — "
Cal Cent Gas A F.l ss. 100 — Oakland Trae Oou ss. 87 j Cal Wine Assn pfd. . s a
Cal Bl Gen ss, scr A.*— 85 {Omnibus Cable Rv 6s. 100 ' Do common - 88
Cal GAEI gin A ctss. 08% — {Pacific Gas Imp 4a.. — 90 IE Idu Pont de N com — 139
Do unifying ss. ... 023, _ ! Pacific Gas ft Flee. ss. 54% — i Fireman's Fund Ins. ...33 -MO
California St Cable ss. 99%102%i Purine Klectric Rt 55.101% — First Nat Bank of S F.-15 230
California Wine 55.. «4 97 Pac Lt & Pow gtd ss. — 97 iGiant Powder Con . ... 81
City Klectric Co 55.. 80 S3 ' Paciflc Tel & TH ss. 07 07 % I Hawaiian Coml ft Sug. 26% —
Coast Counties LAP 5a — 05 'Park A Ocean RR 6s. — 100% Hawaiian Sugar C 0... 26% —
Contra Costa Wat 5s — 98%'Peonle's Wafer Co 5s 03% — j Honokaa Sugar Co. .. . 3 -
Edison El of L A ss. H7% — ! Sae El Gas ft Rt s*. 100% 102 Hunt Bros Co pfd... 99% —
Ellison I.lgbr & P 65.101% 'Sac & Woodland Rss 95% Hutchinson Sug Plant. — 1«
E 1 duPont Pwdr 4%s 53% — IS Joaquin Lt & P ss. 07% - Mercantile Nat Bank.2oll
First Federal Trst 55.100% — : Do Cor 6s. series A. — 1«2 Mutual Sarlngs Bank. SO -—
Ferries Sz CHft II R6s. — 100%i8 F Electric Ry 55.. — 90 i N Cal Power (V> Con. 2-> -»
Great Wsetern Pow 5s 81% — 'SF Napa A talis R 6s. — 102 ! Onomea Sugar C 0.... -1 —
Haw Coml St Sug ss. — 100%: Sp. Oak A 8 J Ryss. 95% Oro Electric Corp pfd. — »
Lake Tahoe RAT 5s — 97- Do 2d mtge 5« — 92 Do common — 1-%
Long Reach C Gas 6s. — 102 SJ A S Clara R I'- 80 ! Paauhau Sugar Plant. 13% - -
Los Ang Gas &El ss. - IC o jSanta BarbaraOftE" •% r * r Aux Fire Alarm. -% 4 4
Do Con. 5s 90 — {Sierra Ry of Cal 65.. -. 101 Par Coast Rorax pfd. XO\ —
Ixis Angelea Rr 55..i02%104 'SPRR of C 1 C g s*. 105% Db common — W0
Los Aug Light gtd ss. — 100t. 1 SPRranch Rof Cal «» - 122% Pacific Coast Casualty. — f»
L A-Pnc R R ie,n 55.100 103%'S PR R Ist ref 4s. 88% Pacific Light Corp prd. — .<>
L A-Pac RR of Cal 5s — OS 8 Val Wat gen m 4». 80% 80% m Do. common •■ —■ WW
Marin Wat S! Pow ss. 99% - United Gas Sz Klec s*. 100% Pacific Tel A- Tel pfd. 02 93
Market St Rv ten 5s - DO llTaited It RofS F4s 54% Do common 2H -~
Mid Connies' G&F.I 6s — 101 'Val Counties Pow ss. 90% Philippine TelftT Corp — -1
Mill Val A- MtTmßss. „7i„ _ i STOCKS Realty Syndicate ... -r »>
Natomas Con of Cal 6s 70% 82% Alaska Packers - Assn. 80., Savings Cn BU A rr.L4.> —
Nor Rr Co of Cal 55.106%10S 'American Vat Bank.. -- 135 ' Security Savings Bank. — **»
Nor Cal B« 5». . 101 \ng'oCal Tru«t Co. . 125 SFOakTer Rys.A pfd —
Nor Cal Power Co 5- 99 108% Miglo & Lon P Bank. — 151 Spring Vnl Wafer Co. ..1 —
Do Con 5s — no lArmvbyCo of NY pfd — 100 Sterile* on & Dev.. — co->
Nor Klectric Co ss. .. — 96 ' Associated Oil Co f.8% — | Colon Sugar Co — 20%
I NLISTEO SECURITIES
SALES JULY 16, 1913
11.000 General Petroleum 65.... 60.25 I 81.000 S F Sz North Paciflc Ry, 85....1&.M
$3.uco General Petroleum 6s 61.00 ! $1,000 South Paciflc Coast 4s 5M.00
$5,000 Natomas Con of Cal 2d mtge Os.-55.00
The following are the latest quotations for unlisted securities on the San
Francisco Stock and Bond exchange:
BONDS l B'd. Ask Bid. Ask.
Bid. Ask.i South Pacific Coast 4s 93% «4 Ocean Shore Ry — -~
Alaska Packers Os. . . 104% 105% jSo Pac S F Term 4a. 88 «7 Oak. Antioch ft R * * 1-
Amer River Klec s*. 90% 98 Sunset Telephone 55.. 100 102% Olsa Sugar Co 1% —-
Aaaoctated OH la! rer so oo [Soerry Flour 6s — 100 loro l>eveiopment Co.. — 40
Bar Counties pow 6s. — 108%' Union Oil Co 55., — 84 orpheum stock 1. 9 % ~
Blue Lakes Wat hds.lo2 — (United Light ft P. 6s. — 90 [Owl Drug Co p'd — 10-
Cal Northwestern 55..100% — United Properties ss. 35 i Pacific Hard ft S pfd. J »£>
CoHst Val GftEl IstOs.lOO 101 Do debenture 6s. .. . 5 15 ! Do common —
Gen Petroleum 6 s 61 - , West Sacto Land 6s. > — 100 ! Pacific Port Cement... 5» —
Honolulu Plant 6s — 101 {Western Pacific Rv 5a 77% 79 Pacific Gas ft Elec pfd sfi% _
Hunt Land & Imp 6s. - 101 i Yosemite Yal Rt 55.. — 83 [ Do common «♦%
Mt Whitnev Pow 65.100 — STOCKS [Palace Hotel stock — »0
Natomas Dot 6s 94 100 (Alameda Sugar - 20 ! Peoples Water com... -— .1
Do Land ft Mm 6s. — 100 IBank of Italy 125 Pet ft Santa Rosa Ry. 20% —
Do 2d mtge «s 54% 56 I Buffalo' Brewing CO. 61 75 ' Portuguese-Amer Bnk.loo —
Nor Cal Pow deb 6s. — 96%jCal Cotton Mills ~~~ 75 Poulsen Wireless . —
Oak ft Antioch Rt ss. — 80 I Cal State Life Ins.. — 14 ! Do pool — I*
Oak. Ant ft RRt sa. — 82 ICeotral'Cal Traction. 7% 15 Riverside Cement 4 % ---
Orpheum 6s . 100% 103»«'Central NB of Oak. — 145 I Seaboard Nat Bank.. .116 liv
Paciflc Pert Ceiheot 6s 99 — * Central Savings Bank. — 77% Southern Cal Cement.. — 53
Palace flotel 6s — 107% Cypreas Lawa 3 4 J Standard Cement — -1
Pet ft Santa Rosa ss. — 97 First Nat Rk of 0ak.200 — ! Standard Oil of Cal.. — --
I) 06s . .... 84% — French-American Bnk. — 100 I San Francisco Secur... 4S ft.>
Philippine Tel 5» — 85 General Petroleum ... 20 25 I San Joa iuln Light ft P- - 29
Oo 6« — 98 Hawaiian Pineapple.. — 40%1 Do preferred ~ — 99
Riverside Cement 6s. .77 79 Honolulu Plantation.. 20 22% Santa Cruz Cement... — SB
Sacto Val Power 65.. 75 — Do pool 20% — Spetrjry Flmir — ...
San Diego Gas ft El 5s 88 — Honolulu Oil — 1 Ho preferred ....... - »»
SFft S Joanuln Vss. — 108 Italian-American Bnk. — 112% I nlon Say Bk of Oak. — 300
SW ft Nor Paciflc ss. — 102 (Mascot Copper 1% 2% Weed Lumber C 0.... . — 106
San ioaq Lft P. serß 91 93%lMatson Navigation ... — 130 West Mtg ft Guaranty — SI
Sierra ft s r pow ss. — 97%' Merchants' Nat Bank. — 92% Western Pacific Ry... 8 —
Standard Cement 65.. 91% — I Noble Electric Steel - 3% Wells Fargo Nev Bk. 170 —
Standard Klectric ss. M 96 Natomas Consolidated. - 8 West Coasl Life Ins. . 200
Santa Cruz Cement.. 80 85 Nor West Electric. .. "30 — West Sacto Land Co.. — «%
S F Gas ft Elec 4%5. — 90 Northern Elec Ry pfu. 44% - 'Western Amer Realty. - 30
Do non callable..'.. - 88 Do common ... .. 20 -- Western Meat Co. 103%116
Bobth Cal Cement bdg 70 75 Oakland Banfc of Say. - - 532% Weatera Males Life... — 8%
South Cal Ediaon 5«. — 95 Oakland Traction pfd. — 70 Western Power pfd... 43 •—
South Yuba Water 65.103 — Do common — 20 I Do common — 1B
Mining Stocks
Tbe market for Nevada, mining shares calmed
down somewhat in Bush street yesterday and
the prominent stocks of tbe Tonopah group that
cut the widest swath during Tuesday's flurry
lost a good portion of tbe ground gained while
the buying movement was at its best. Tbe
market could hardly be called weak, however,
for there were some Arm spots, and even the
erstwhile Tonopah leaders were well supported
at or near the new levels established when the
exchange opened for business yesterday morning.
North Star and Tonopah Merger, particularly,
were well supported, and at no time was the
former in danger of falling below the dollar
level. It opened l«wer at $1.05 and rebounded
to Tuesdav'B closing level, only to recede to
|1.02%. tbe Merger was 5 points lower on the
day at 83c, which figure was well above the
price <pjoted before the recent boom started.
Rescue waa well supported at 23c. while Midway
fell 6 points below Tuesday's final price. Mon
arch Pittsburg Extension was the weakest stock
on the list, closing at 9C, while Tonopah Exten
sion was among the. firmest at $2.50, sales
and bid.
Goldfleld consolidated turned weak, and 1.000
shares were sold at $1.67%, a lower price. Jumbo
Extension was stationary at lie. while the others
remained dull, with prices showing little change
from Tuesday's closing quotations.
The feature of the Comstook trade was a
sharp rise in Mexican, which cleared the dollar
level and closed at $1.05. As has been the rule
recently, this stock was Inactive until the board
reopened after the noon recess. The other
iiortbenders had a much healthier tone. Union,
and Consolidated Virginia each gained a point,
while Ophir advanced two points to 19c. Sierra
Neviida sold at 13c. At Tuesday's oflce sale
of the 55.000 shares of Sierra Nevada advertised
as'delinquent in the payment of the I.oc assess
ment. 15,000 shares were unpaid on and tbey
went into the company's treasury.
A telegram from J. R. Davis, president of the
Round Mountain Mining company, who ts in
Goldfleld, announces that the long standing suit
of John Davidson against the company has been
settled and judgment entered In. full in the
courts at Tonopah. Davis also announces that
a dividend of 4 per cent has been declared on
Round Mountain stock.
The Davidson suit, which has been pending in
the Nevada courts for a long time, wiis based
Upon an alleged violation of claim rights and
involved a claim of $150,000 aeainst the Round.
Mountain company. During the time the suit
was In the courts the company was required to
post a bond for -$300,000. which has now been
released. The settlement of the litigation will
enable the Round Mountain company to resume
mining operations In the Los Gazabo ciaim,
which has been idle during tbe life of the suit.
SAX FKWriSCO STOCK EXCHANGE
Following were the sales on the San Francisco
Stock exchange yesterday:
Regular Morning Session '
3000 Atlas Wonder. 1311500 North Star ...1.05
10 000 Blue Bull .. 03] 400 Ophir 18
500 Boston Ton .. n2( 500 Polos! 02
1000 Cash Boy Ofti 1000 Rescue Kuta .. 23
200 Con Va M 14 500 Round Mt 61
100 Halifax 1.42%12000 Too Merger ... 82
200 Halifax 1.40.3000 Cmatllla 05
3000 Jumbo Ex ... 11 200 Cnion Con .... 12
500 Mon Pitts E* . Oft'looo Yellow Tiger.. 03
.400 Nev Hills ... »2|
Afternoon Session
4000 Atlas Wonder. IStISOO Rescue F.nla .. "24
500 Belmont 6.25 3000 Do, s3O 23
iooO Cash Boy lOj 1500 Rescue Eula ..■ 23
300 Cor* Va 11..... 14, 500 Round Mt ... 6i
4000 Conqueror Con 02!2ooo Do. s 5.... 61
000 <!ld Ton M.l .67%) 200 Seg Relcher .. oft
1000 Old Merger M 17| 100 sierra Nev ...- 13
1000 GouM & Cur. 04' H*> Ton Extan ...2,45
10CO Man Con .... OS] 400 Ton Kxten. ...2.50
2<iOO Midway 401 500 Ton Merger ... 81
500 Do. • 10... 4511000 Ton Merger ... 82
3000 Mon Pitts Ex. 00; 6500 Ton Merger ... 84
1500 Do. b 30... 10.2000 Ton Merger ... 85
1000 North Star. . 1 .07% [8000 Cmatllla 05
8300 North Star .1.05, 40P Union Con ...... 12
Informsl Session
100 Caledonia 1.50 1000 Ophir -19
m> uid Coo M.i.67% 1000 Rescue Eula .. 23
500 Could & Cur. 04i 500 Sierra Nev ...'. 13
200 Mexican I.OOjlOOfl Ton Merger ... 84
500 Mexican 1.05 2400 Toa 'Megger ... km
1000 Midway 4715000 Umatilla ©6
500 Nev Hills ... OHi 100 West End 1.30
200 New York ... 21! 400'Cnion Con 12
1000 North Star.. 1.02% 100 Cnlon Con ..... 14
pat Ophir 18|
CLOSING QUOTATIONS
CALIFORNIA
Bid.Ask. Bid Ask.
Argonaut ...,2.00 —jCent Eureka... 10 12
Bunker Hi 11..1.50 —4Se Eureka M.1.85 2.00
NEVADA
( omstneks
Bid.Ask.! Bid Ask
Alpha t'l 02iJnlia Con .... '— 03
Alta OS — Justice — 06
Andes oi 021 Kentack Con.. — 02
Belcher 15 —'Mexican ,1.03 1.07
Best & Belch. 05 06 New York ... Sd 22
Brims Chollar. 10 —[Occidental .... 7<i
Brun* PotoaL. 10 OfJMr .IS 10
Bullion '— 02|Overman ..... — 60
Caledonia .... 1.5(1 —IPofosi Ol ir_>
challenge .... — 07 Savage ....... 11 12
(hollar ...... 01 02|Se? Belcher ..00 10
Confidence ... — 27 Scorpion 03 05
Con Imperial.. Ol'Slerra Nev ... 12 13
Con Va M. ... 13 14|SIIver Hill 04 lit*
Crown Point.. 24 —Cnlon Con .... 13 14
Exchequer ... — 02|Ctah 03 05
Could A Cur. 03 041 Yellow Jacket, t*-
Hale A Sore. n 7 Oft|
Tonopah District
Belmont .. 6.25 Mon Pitts Ev. oo |fl
Boston Ton .. 02 oo] North Star ...1.021.03
Cash Boy .... 07 10 Rpscue Eula .. 22 23
Grt West Con. — 83 Ton Exteu ...2.60 2.88
Halifax 1.37 1.42!T0n Gypsy .Qn. 00 07
Jim Butler .. 73 7.'. Ton Merger ... 82 'S3
MaoNamara .. 15 lfilTon of Nev... — 6.00
Midway 40 47* Ton 76 Con... — 05
MizpHb Ex 50 —Cmatllla 05 06
Montana 1.07 I.l2|West End ....1.30 1.32
Goldneld District
Atlauta 15 16 Gld Merger M. 16 17
Blue Bell ... ■— 02 Grandma ..... —. 02
Blue Bull ... 03 irtiGreat Bend ..01 02
Booth 01 02iGrt Bend Am.- — 01
COD 02 03'Grt Bend Ex.. — 01
Columbia Mt.. oi 02iJumbo Ex 11 12
Com Fraction. 03 04; Lone Star Con. 01 02
Oaoqaeror Con 02 03'Oro io it
Cracker Jack. — 01 Red Hills 01 02
Dmd B Rutte. 02 03 ; Re<l Top Ex.. — 04
Dradfld Dalsv. 02 03{Sandstorin Ken — 01
Florence ...... .29 311 Silver Tick Con 04- 05
Frances Mhk.. — 01 Spearhead Gold 01 68
Gld Con M...1.65 I.67iVernal , — 09
Gld Portland.. — ODYellow Tiger.. 02 03
Gld Kewanas.. 02 03|
Bullrrog District
Mayflower Con , —■ 01-
Manhattan District
Dexter Union. — 02' Man Dexter .02 03
Gold Wedge.. 02 04iMan W Caps. 07 08
Man Amalgam -01 02'Mtn Hill Con. — 01
Man Big Four 41 42 Morning Glory. 01 02
Man ("on .... 05 <>6 Mustang Man.. • — 02
Man Crescent.' ■ — 08] . •' .
Other Districts .
Atlas Wonder. 12 13 Pitts S Peak. .45 48
Eagle's Nest.. — 02 Raw Coalition. — 01
Falrvw G Bid 02 03 Round Mt 59 61
Nev Hills .. . 93 . 95|
Oil Stocks
SAN FRAPinSCO STOCK EXCHANGE
Bid. Ask.! ' . Bid. Ask.
Asso 0H'..39.00 —Pyramid .... —'..• 14
•Caribou .... '05 70' Record . 1.00 —'
Claremont.. 53 60 Republic .... 10 —
Coal Ontral 20 —j-Sauer Dough. —• 1.55
Coal Mohwk — »5 Sovereign ... OS 10
iv r.ui* ..; — 50is w & n... io —
111 Crude ". . — 05 Sunset Mob.. — 1.00
Monte Crlsto 53 61 Turner 1.40 » —
Orcutt OU.. 85 —IWolverin* .. 50 —
Peerless ... — 4.00!w X Oil Co. 1.90 .—
Premier ... 20 —j
LOS ANGELES OIL EXCHANGE
(Special Dispatch lo The Cell)
LOS ANGELES.. July 16.'—I'nited OIL stock
went to the lowest price in years at this morn
ing's session of the local stock exchange. ' The
cause of the sharp decline -In tbe issue is the
direct result of the news posted today that the
negotiations for the sale of the five Midway
properties of the Cnited OH company to the
Shell Royal ' Dutch company through the oil
properties and refineries, limited, of London,
were off. Sales during the' morning session
amounted to about 10,000 shares, the price rang
ing from 4% to .5% cents. Another factor In
the decline was the assessment levied of 5
cents per share, this being 5 per cent of the
par value of each share of the capital stock
of the company.-
The volume of trading was considerably active
wltb I'nited Oil leading the list. Maricopa.
Northern wa« In good demand, sales for the'
day amounting to 15.000 shares. The price was
firm at 4% cents. Cnlon posted sales of 10
shares at $75.75. National Paciflc posted sales
-of 1.000 shares'at 2% cents. Associated Oil
was in good demand at $39.12%. Sales of 50
shares were recorded.
. The call:.
Producers— . Bid. .'. Ask.
Amalgamated Oil Co 84.53 86.00
Associated Oil Co :. 30.12% '39 50
Bear Creek Oil A- MCo 04 , —
Broofcshire Oil Co — 65
California Midway Oil Co 12 .14.
Central Oil Go — M 5 •
Columbia Oil Co. . — ■ . 00
Euclid Oil Co _ « 0
Globe Oi) Co H« 05
Jade Oil Co igfc 07 •
Maricopa Northern Oil Co 04% .01%
Maricopa Queen Oil C 0....... —. T>s
Mascot Oil Co [75
Mestcen Petroleum (pfdi 85".00 9o!oo
Mexican Petroleum KOtaj 61.00
Midway Northern Oil Co 18% .19%
National Paciflc Oil 0a 08% o°Vi
Olinda OU Co _ _
Perm Midway Oil Co ' .07
Rl-e Ranch OU Co 65 "1 10
Colon Oil Co — ' in'oO'
Cnlon Provident Oil Co 85.00 —
[ United Pctro'eom Co 84.50
I Putted Oil Co .05%. .1151.,
West Coast Oil Co. (pfdi 95.00 lOftloQ *
i Western Cnion Oil Co 70 00 85 00
SALES
Mornine Session
50 Associated Oil Co 39 uu
1.000 National Paciflc Oil Co 02%
13.000 Maricopa Northern Oil Co. '04114
1.830 I'nited Oil Co . ' 'o5
2.500 Cnited Oil Co n r ,v.
I.ootl Cnlted Oil Co OAK
1.080 Cnited Oil Co "' '©41*
2.500 Cnited OH Co a - ((l r
10* Cnlon Oil Co , ' 74 7)-,.
10 Provident Oil Co . ' s -'no
salsi '"
Afternoon Session
2.000 Cnifcd till Co n.-,?.
4.000 Nati'Hial Pacific Oil fn.. ' . o°%
;!.000 Maricopa Northern Oil C 004%'
IO Cnion OH Co, " 7175
Ift Cnlon OH Co. 7? 00
Off board:
$1,000 Culoe Trans Co bond* .87%
STOCK MARKET IN
BETTER CONDITION
Higher Prices Abroad Stim
ulate Opening—List of
Gains Ndted
Foreign Money Offerings
Have Salutary Effect— .
Bonds Are Irregular
NEW YORK. July. 16\-r Tnp ' appear
ance of the stock market was trans
formed today hy an arcesion .of
strength which lifted prices in 'all de
partments. While trading was not
heavy, speculation showed animation
at times. • , , ' ,
Higher prices in London stimulated
the market at the opening and the, ,
advance continued to the chose without
serious interruption. At times traders
sold stocks and checked the rise, but
offerings were absorbed easily. Profit
taking caused some recessions In tho
late trading, hut the list was not far
from the top level of the day at the
close. There was a long list of grains
running from 1 to 4 points. .
Announcement that arbitration had
been agreed to by both sides in the
wage controversy affected the eastern
railroads and reports from Washington
that the currency bill would be al
tered to insure protection of govern
ment bends removed two factors of
uncertainty. An important influ»neo
in the advance was European buying
of stocks/ London and Berlin" purchas
ing being largely responsible for th*
exceptionally large rise in Canadian
Pacific.
Foreign markets also were "stt'ons:,"
tlte cables reporting a better feeling
regarding the Balkan situation.' A.
significant development was the offer- _
ing in this market of foreign nion*»v
for 90 days at 6*4 per cent. This
was almost the first indication here -
of relaxation of European money con
ditions.
Bonds were iTregular. Totai sales
par value f 1.41 4.000.
United States bonds, were unchanged
on calJ. • • '"
Hutton's New York Letter
The market displayed more strength
and the volume of business was greater
today than on any day since the July
4 recess. Sentiment was very mnch
improved before the opening", due to
the quick action of the administration
in fulfilling its promise to enact the
Newlands bill. A higher range of
prices in the London market 'and a
very optimistic interview given out hv
Judge Moore on general conditions also
helped the market.
■ Bankers expressed satisfaction over
changes in the Glass currency bilL
Pr >vfsion for funding 2 per cent bonds
into 3s. it was thought, would" event
ually enable bapks to retire their cir
culation without a loss.
During the latc # frading prices con
tinued on .the upward swing with short
covering still in progress. For the
first time in several weeks Wall street.
wa3 a little, more cheerful and many
thought that the period of low prices .
was over as the market had been well
.liquidated tnd was in a position to
respond to favorable news.
Livestock Market
CHICAGO • . .
CHICAGO. July 16.—Hogs—Receipts. ■ 21.000
head: market strong to 5010 c higher. Bulk hf
-ales.. $8.0039.20: light. $8.9009.37%; mixed.
$8.75 09.3.-. heavy. 88.5509.17%; rough. $8,550
8.7r. : pigs. $7.3009.10.
Cattle--Receipts. 16.000 head: market steady .
to a shade lower. ' Beeves. $7.10<!T9.15; Texas'
steers. $7©B: western steers. $7.13738.20: stock
era and feeders $5.60(37.90: cows and heifers,
$3.8508.50: calves. $8.50*311. ' •'•
Sheep—Receipts. 20.000 head: market steady.
Native sheep, 84.00015.60: western. 84.50(315.60:
vearllngs. $5.8007.35; lambs, native $6.55(38.70.
western $6.8508.70. ■ .
KANSAS CITS
KANSAS CITY. Jnly lfl.—Hogs—Receipts,
8.000 head:, market 5*310 c higher. Bulk-of sales;
88.900 9: heavy $8.90(38.95: packers and butch
ers. $8.95(39;" light. $8.9009.05; pigs, $7.05(3
8.50..
Cattle—Receipts. 7.000 head: market steady.
Prime fed eteers. $8.50(38.90: dressed beef steers.,
$7.30(38.50: western steers. $6.75(38.50: southern
steers. $5.40(37.85: cows. $4.35(37; heifers. $6.25
(38.65: stockers and feeders, "$507.60; bulls, $5(8
7: calves. $6(39. 0 . .•' •
Sheep—Receipts. 5.000 bead: market steady to
10c higher. Lambs. $7.25(38.25: yearlings, 89.23
(36; wethers. $4.2505: ewes. $3.75(34.50: stock
ers and feeders, $2.7504.25.
New York Produce
NEW YORK.. July 16.—Butter—Firm : receipts
1/1.7-56 tubs. Creamery-extras, 26*4(327c: firsts.
25%@26c;. state dairy, finest, 28c; process ex
tras., 24T%025c: imitation creamery firsts. 24c;
factory, current make firsts, 23023% c; packing,
stock, current make No. 1 21% c.
Gheese—Steady and unchanged; receipts. 3.188
boxes. State, whole milk, fresh, colored spv'slv
I 4i 4 (314'c; do white, and -pale. 14% c; skims.
3011 c, '
Eggs—lrregular" bnt unchanged: receipts. 18.
--325 cases. Fresh' gathered' extras, 24026 c: ex
tra firsts, 21023 c: firsts. 18%020e - ; Pennsylva
nia and nearhv hebnerv whites, as' to size and
quality, 25030 c:. do gathered whites. 23(?|28c;
western gathered-whites; 20025 c.
Chicago Produce Market
CHICAGO. July 16. — Butter — Unchanged. "
Creameries 22% o:i6c. •
Eggs—-Unchanged: receipts, 16.755 raises. At
mark cases included. 8014 c: ordinary firsts,
14%ra15%c; firsts. 16016% c: storage. 17e. .
Cheese—Higher. Daisies. 14%014%r; twins
13C013»ie: Young Americas, 1414014 c; loug
hqrns. >4%@14%c.
Loa Angelen Produce Market
(Special Dispatoh to The Call)
LOS ANGELES. July 16.—Eggs strong "and
unchanged. Receipts. .".23 cases. Local ranch,
candled 30c, case count 27c; northern case count,
24% c.
Butter —Steady and unchanged. Receipts. 69.
--709 pounds. Prices to tbe trade 3c ahov'C quota
tions. California extras. 29c; firsts, 26c.
. Cheese —Receipts. 550 pounds. Northern fresh.
15'ic: eastern singles, 18c: do twins, 17c- do
Cheddars. 171.J.018C. .
Potatoes—Oregon Rurbanks. $1.25 ctl: new
yellow sweets. 6%07c pound: Salinas, $101.10
ctl; new potatoes, 55060 c per box. Receipts.
376 sacks.
Naval Store* —Turpentine and Itoaln*
SAVANNAH.GGas. s July 18.--Turpentine stesdr. .'
88%fJ85%c; 'sales. 41: receipts, 951"; ship--
Beats, 1.332: stocks. 3T>.775.
Rosin firm;, sales. 208: receipts, 2.728; . shir*-'
ments. 1.426- Stocks. 146.590.. Quote: A, R.
$4.10; C. D. $4.20; R> F. G. $4.25: 11. I.* K.
$4.30; |f, $4..60; ft, $5.40; WG, $6.35; WW.
$6.50. . '
. »w York Coffee Market •
COFFEE FI'TI'RES • . *
Option— ' Opeu. High. I x>w. Close..
July i. ' . i • 5.45e .
August ....*. . Bts3e
September 8.58 c B.6S<- S.3le m.65< ;
October" , * •. 8.73 c
Noeeanber .*.» ' 9.80*
December - •• B.7Bc*' ' S.DQe 8.75 c S.ST.-
January \. .. . 8.93 c,
February-., ' ". O.OOr
Msu-oli ... .- 9.04 c 9.ORc 9.00 c 9.<* V
April " " ! 9.10 c
'May 9.05 i:. 9. 15c O.OOe 9.44 c
June ...... i.... 9.15,
Sales. 79.2.50 bags.
DIVORCE CASE ECHOES
LOS ANGELES SCANDAL
Millionaire')* Son in Suit Names Pris
oner In Whiteslave In
* . 1 veMtiKatin^n
T.QS July 16\—Ag echo ol
the recent white slavery IrtyestigaUon
hy the 1..0s .Angeles county grand'jury.
Was heard •'today, when Judge
Monroe ; ©f the "suporior court granted
a divorce 'on statutory grounds to Paul
Engstrow. son ot a millionaire con
tractor, . from Helen Ulllan Daveys
Engstrom o'f'a San Jose family.
Enrgstrom, who eloped several'months
ago with the young woman frpm whom
lie was-divorced* today, named- William"
Casse.. an automobile dealer, as co-.
respondent. .. .
La Casse is . awaiting trial in th*
juvenile court on a charge of having
contributed to the delinquency of Eve
lyn Quick, a young, girl case. ,
was called to the attention of the au
thorities durin« - the white »larery
probe. • • .

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