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The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, July 19, 1913, Image 14

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85066387/1913-07-19/ed-1/seq-14/

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BUSINESS, COMMERCIAL AND FINANCIAL SECTION
12
MAY PAY INTEREST
ON U.L. & P. NOTES
Protective Committee Is
Named for Holders of
Smith Paper
Mostly Held in East, Where
Call Has Been Issued
for Deposits
News was received in San Francisco
yesterday of the appointment in New
Tork of Albert BE. Wiggins. F. J.
Close and R. H. Rhett as a protective
committee for the holders of the
$1,618,000 three year 6 per cent notes of
the United T>ight and Power company
of California, interest on which was
defauted .Tune 1. Deposits of the notes
are asked for by the Bankers Trust
company of New York, which also is
trustee for the notes.
More than $1,000,000 of these notes
were sold from the New York office of
the Smith-Trevis-Hanford company, so
that the majprity of them are held in
the east and not in California.
R. G. Hanford of San Francisco,
president of the United Light and
Power company, made the statement
several weeks ago that the past due
interest on these notes would be paid
prior to the 90 day limit allowed by
the indenture, which would be Septem
ber 1, 1913. and that these payments
probably would be made around August
1 Tt is understood that a majority of
these notes have already been de
posited.
One of the trtistees who is endeavor
ing to untangle the F. M. Smith finan
> la] knot called attention yesterday to
the fa« t that one of the principal assets
behind these notes is the contract for
the supplying of power to the San
Francisco-Oakland Terminal railways
snd other Smith traction, properties.
This was another reason, he said, why
all the committees and creditors should
work together in order that nothing
may he done by one comoanv which
would impair the security behind obli
gations of other companies of the
group.
* * #
t.REAT WESTERS POWER
An encouraging statement of earn
ings and expenses is that issued yester
iay for June 1913. and six months
ended June 30. 1913. by the Great West
ern Power company system. For the
month it shoves a net income from all
sources of $175,813.95 and a surplus in
crease more than double that of June,
191?.
For six months the net income from
all sources wai $976.»;.">1.32 and the sur
plus was $405.29<).94. as compared with
■ surplus of f251.815.e2 for* the same
nerlod in 1912. This showing justifies
tlie statement made by an officer of the
company that "with business continu
ing at the present rate for the remain
der of the current year tb* net income
of the comnanv for 1913 ought to
amount to $900,000."
The statement follows:
Month of June. 1013—
Orc,s« operating- income . . . $226.519.10
Operating expenses anil taxes 00."07.00
get operating income KMto.Slt.3o
Ootber income , 15.302.45
Net Income from a'i source* $175,813.95
Bond Interest 85.108.83
Surplus for month of June. 1913.. f50.705 02
1912—
Surplus for month of June. 1912.... 337.221.8S
Increase 1913 over 1912 43.45n.77
Six months ended June 30. 1913 —
Cross operating income 81.317,803.33
Operating expenses ami tates 4Z5.388.97
Net operating inconie $891,549.28
Other income 5.V102.04
Net income from all sources 8*78.031.33
P.ond Interest 505.351.38
*" 30. 1913 1408,209.84
1912—
Surnius for six months ended June
30. 1912 $251 515.62
Increase 1913 over 1912 15(1.484.32
* * *
S VCBAMENTO A UOODI.AM) R. X,
An excellent statement of earnings
for Its first year was issued yesterday
hy -the Sacramento and Wodland Rail
road company. The property is a
standard gauge interurban railway. 18
miles In length, connecting Woodland
and Sacramento. Tt is Incorporated as
a commercial railroad and handles both
passengers and freight. The company
is capitalized for $1,000,000 and has
outstanding $750,000 in 5 per cent 30
year bonds. The line was completed
and opened for operation July 15. 1912,
snd the statement for the fiscal year
therefore covers a period of 11%
months only. Following is the record:
Oross earnings $138,547.36
Operating expenses, lnolnslve of insur
snce and taxes 82.887.73
Net earnings $55,659.63
Interest on bond Issue 33.937.50
Surplus $19,722.13
The property has earned for the pe
riod at the rate of $8,032 per mile of
route per annum.
, . ' ■* * *
.11 BISDH TION ON HIGH SEAS
The Wilmington Transportation com
pany has asked for a rehearing before
the railroad commission asking that
the commission vacate Its previous or
der declaring the company subject to
its jurisdiction. The Wilmington com
pany operates between San Pedro and
Avalon. Oatalina islands, both in Los
Angeles county and in the state of Cal
ifornia. The commission held that, not
withstanding the fact that these ves
sels traverse the high seas, they are
subject to the jurisdiction of tiie state
of California and of the railroad com
mission under the public utilities act
* * 4t
LOCAL BANK CLEARINGS
Local bank clearings yesterday, as
announced by the San Francisco Clear
ing House association, were $8,203,
--\\ Uson'si A iewsi oo the Markets
■ From J. C Wilson A Co.'s private wire >
NBfw YORK. July IS.—There was a decided
turn for the better In the stock market today.
Prices were substantially above yesterday"* last,
with Steel. I'nion Pacific. Canadian and Reading
leading. California Petroleum continued weak on
reports that the dividend would lie passed and
M»\ioan Petroleum weakem-d in sympathy There
were realizing sales near the close, but all offer
ings were well absorbed.
Cotton—Very hot weather on Iwith sides of tbe
Mississippi, with news of hot winds doing dam
age In Oklahoma and some reports of shedding
In Arkansas, helped to put prices up. Habersham
King in his report for the week ended July 14
says It was injuriously dry in Oeorgla and South
Carolina and that rain was needed in Texas and
Oklahoma. New Orleans sold here to some ex
tent, as did several of the spot houses, but tak
ing an all around view of the situation, we pre
fer bt'vlng on the setback*.
ROSTON. Jnly 18.—In the coppers North Butte.
Calaaaet, Arizona and Orceno were the strong
festares. Owing To the lack of leadership It
rakes longer for the local list to respond to the
changed conditions, but the coppers will not lag
long if the New York market continues to move
upward.
CHICAGO. July 18.—The start In wheat was
J. C WILSON & CO.
MEMBERS
NEW YORK STOCK EXCHANGP".
MtW YORK COTTON* EXCHANGE
CHICAGO BOABO OF TRADE
TIIE STOCK AMI BONO EXCIIA.NGB
SAN FRANCISCO
S2AIN OFFICE!
Mills BalldlnK. San Franelnea
BRANCH OFFICES—Loa Ancelen.
San Diego. Coronado Beach. Portland.
Ore.j Seattle. Wa«h.| Vaneonver, B. C,
Private Wire. Chicaen. New York.
E. F. HUTTON &CO.
400 California St. Tel. Douglas 2487
St. Francis Hotel. Tel. Douglas 3952
Members New York Stock Exchange
BONDS
NEW YORK STOCK MARKET QUOTATIONS i
X F Hutton & Co 490 California street, members of the New York Stock
exchange, furnish the following list of bond and stock sales yesterday:
Bales I STOCKS Ullchl Low I Bid I Ask
20.T00 Amal Copper 1 67%j 08%1 67% | 67%
lOOiAmer Beet Sugar.: 22% 22% 22 j 22%
Do pfd I! "0 |SO
l"..:;oo Amer Can Co I 30%j 20% I 30% 30%
-700J Do pfd 02 90%' 01% |02
400'Amer C& F C 0...1 43 42%| 42%' 43
Do pfd 110 ,115
700!Amer Cotton 0i1..1 37 I 36%; 37 374
!Do pfd Ij 92 M%
Amer Hide & L..! 1 3%1 3%
|Do pfd ll] 10 21
508 Amer Ice Seeer.J 2lVjl 21% 21% 21 %
I Amer Mnseed !8% 8%
IDo pfd |I 23 2*
200!Amer Locomotive.! 29%! 29% 29 i
!Do pfd ..' 100 |101
lAmer Malt ! ! <%] «%
... Do pfd II! 4* \5?
3,ooo'Amer SA- R C 0...! 02%: 61 | 61% Jlj*
Do pfd 1.....' 98%| 90%
!Amer Snuff j I 145 160
IDo pfd !I W ;102
300 Amer Sugar T09%'109 100 110
;do pfd \tn '" 61 4
lAmer Steel Foun.' I»% -•%
400!Amer T A T C 0... 127% 127>- 2 127% 128
1.500 Amer Tobacco 1228 !218 217 '220
300 Do pfd i 07%! 97% 06% 99
lAmer Woolen I I 16% 20
IDo pfd 1! ! 75U, .7
I.Ofto!Anaconda !34 • 33% 33% 34
100 Atlantic Coast L..iU7%]117V117% lis
400! AT& S F ! 96% r 0«% 06% 00%
100 Po pfd ' 06%! 06%1 06% 07%
2.300|8a1t A Ohio 05%' 95 I 03% 05%
IDo pfd II SO 81%
SOO'Bethlehem Steel..! 30% 29%j 30% 31
3001 Do pfd ! «8% 67% 66% il
2,600 BR T ! RR%! 57% 57%! 88
s,soo|Callf Petroleum..' 22...! 10%' 20 I 20%
0. 000 Canadian Pacific. .'217%[216%|217 JttT%
2,900 Chlno Copper 35% 34% 35% .35V,
I.IOO'C A O ' 54% 54 64 54%
C A- A I 0 9%
|C G W 1 T 14
800 Do pfd I 30V, I 30% 30 30%
200 CA- N W 128% 128 128 128%
2.200 C M & St P !104%'103%!104% 104%
2Oo| Do pfd 1135 135 134 135
100 Central leather..! 21%! 21% 2\K\ 22%
1 I>o pfd ! 01% 02
ICentral of N .1... I -215 300
CCA- St L... j4O ««
Do nfd f ' hii*H 21 .
400 Coin Fuel A- Iron. 20 29 29% 2^%
!Do pfd '
'Colorado Southern! 130 131 » a
IDo Ist pfd !:! 65 60
Do 2d pfd '!j 38 ;H5
1 500' Consolidated Gas.' 131 %'l3O 131 131%
700! Corn Products.. . 10%! 10%! 10% 10%
IDo pfd : It j 65% 107
ICrex Carpet '1 65 JO
!Del A- Hudson... ' gSB 159
IDel I>ack A W...! 385 395
. Den A Rio Grande' ' i 16%! li%
IDo nfd I j 26% 29
iDistUlers* Secur.J ' ' 12% iIS
IDulnth SS A A. ', '4% 6
!Do pfd !''■ 10 jl2
I.6oo'Erie '26 : 25%! 18% 26
SOB Do Ist pfd 39%: 39%! 39%, 39%
!Do 2d pfd I ! 32% 32%
300 General Electric.. |13»% |139% 130 V, 139%
ROOtCt Northern Ore.! 33 133 I 32%! 33
1 700 Do pfd 134% 123%J154 124',
lOO'lllinols Central...'ll4 1114 1113 .114
Ilnspirstion ! 1 i "%
1. fsWlnterhoro-Metro...! 15% i 15% 15%1 15%
300! Do nfd ' 57% 56 1 .. 57%: 57%
Tnter Slerc Marine j ! »%| 3* 4
!Do pfd 111 14 ' 15%
Tntemafl Paper..' ' ! 8*«! 9%
!Do pfd J ' 88%; 59%
'Interned Pump..' I! 6 i 9
!Do pfd 111 23 I 2,%
Towa Central !I ! B%J 7
■do pfd ;; 14 ;is
800 Kansas City Sou.! 27% : 2,% i 27V,, 2,%
Do pfd..." !i ! 55%! 59%
t; "i o LentcH Valley... .h48%'14«%!147%i148
MOlUrgett A Mevers'2o9%'2o9% 209 1215
!Do pfd ' 1 108%UM
p Lorillard C 0...! 1 132 )157%
"00! Do pfd 108 '10S I106%!113
500'Louisvi * SashTl. 132% 131%|131%r132%
! toward easier values owing to lower cables, some
I tain In the corn country and a lower corn mar
j ket. On the break elevator concerns absorbed
all offerings and then, on a big bulge In corn,
! with some excitement, wheat turned up
There is inherent strength In the wheat position
and an evident desire by conservative people to
make some Investment purchases at around these
prices and follow it down If they have to. We
t'oink the reduced oat crop and the almost sure
j decrease In the corn crop will have a tendency
ito (heck wheat sales In the near future.
Bradatrect'a Bank Clearings
NKW YORK. Jnly 18.—Bradstreefs bank
' clearings report for the week ending July 17
i shows an aggregate of $3,044,757,700. as against
j $2,537,015,000 last week and $3,163,623,000 in
! the corresponding week last year.
—Per Ont—
j pi(|p M _ Amount. Inc. Dee.
(New York . ..$1,601,675,000 10.0
Chicago 314.950.C00 8.4 ....
I Boston 175.034.000 " •>
j Philadelphia 1fi6.341.000 2.0
!St Louis 86.104.000 19.5
| Pittsburg 55.610,000 .... 3.3
Kansas City 54.254.000 11.1 ....
! San Francisco 41.724.000 . -4.0
< Baltimore 38.408.000 8.4 ...
| Cincinnati 26.134.000 10.1
Minneapolis 38.884.980 17.2 ....
I Los Angeles 23.769.000 0-4
Cleveland 50.616.n00 17.5
Detroit 31.107.000 29.6 . ..
New Orleans Hi.017.000 8.1
Omaha 18,8*8,088 1.8
Louisville 17.199.000 37.2
Milwaukee 16.880.900 12.5
Seattle 14.332.000 22 0
Portland. Ore 15.625.000 . 9
St. Paul 9.432.000 .... 8.8
l.enver 8.202.000 .... 5.0
Indianapolis 10.064.000 3.1
Salt Lake City.. . 6.481.000 3.7
Columbus 7.608.000 19.3
Toledo 6.942.000 20.5
Puluth 4.955.00H 59.7
pcs Moines 4.748.000 7.?
Spokane 4.058.000 4.3
Taeoma 2.795.000 22.1
Oaklsnd 3.140.000 13.7
! Peoria 3.523.000 1R.9
| San Piego 3.341.000 8.8
j Dayton 3.027.000 26.13
! Sacramento 2.502.000 33.6
Cedar Bapids 1,456.000 39.3
Waterloo J .589.000 6.8
Springfield. 111. ... 1.109.000 12.3
Quinev. 11! 783.000 15.9
Bloomington. 111... 704.000 5.2 ....
Ogden. ftah 589.000 ... 13.6
Decatur. 11l 596.000 25 7
Jacksonville. 111.... 339.000 33.9
I Washington 8.705.000 . 5
St. Joseph fi.9R5.000 4.2
Lincoln 2.270.000 22.1
Sioux City 3.554.000 27 3
Wichita ." 8.886.800 9.4
Topeka 1.841.000 18.0
Stockton 844.000 .08
! Fresno 1.063.080 .07
] San Jose 654.000 .04
I.nana. Exchange and Silver
Commercial paper R%®6 per cent
I.oan» on real estate per cent
Sterling exchange. 60 days.... —«84.83%
Sterling eicbange, demand.... —@4.R7
Sterling exchange, cables — <S;4.BS
New York exchsnge. sight — & .03
New York exchange.telegraphic — (Si .06
Hongkong exchange, sight.... — <H .48%
Hongkong exchange, telegraphic — <3> ,4884
New York silver, per ounce.... — (ft .59%
London sliver, per ounce —i{s 274 1
CONTINENTAL
New York on Psrls 5.18%
New York on Mexico —
Rerlln on London 20.46
Paris on LoDdon 25.24%
Condition of Treanury
WASHINGTON. July IS.—The condition of
fue I'nited States treasury at the beginning of
business today was:
Net balance In general fund. $126,135,580.
Total receipts yesterday. $2,486,570.
Total payments yesterday, $2,007,193.
The deficit this fiscal year is $18,930,094.
against a deficit of $11,499,360 last year, ex
clusive of I'anama canal and public debt trans
actions.
Clearings In Northwestern Cities
SEATTLE. July 18.—Clearings. $1,933,188: bal
ances, $172,789.
TACOMA. July 18. —Cleariugs, $404,090; bal
ances. $54,400.
SPOKANE. July 18.—Clearings. $035,509; bal
ances. $90,181.
PORTLAND. July 18.—Clearings, $1,388,522,
balances. $126,063.
New York Money Market
NKW YORK. Jnly IS. — Money on call, steady
at 5~£02% per cent; last loan, 2% per cent;
closing bid. 2 per cent:'offered at 2% per cent.
lime loans, easier; Oo days, 4®4% per cent:
90 days, -rt.", 1 4 per cent; six months, 6 per
cent.
Prime mercantile paper. 6 per cent.
Sterling exchange stesdv. with actual busi
ness In bankers' bills at $4.8315 for 60 day bills
and nt $4.8665 for demand.
Commercial bills. 84.33.
Bar silver, 59%e.
Mexican dollars. 47c.
Government honds. steady.
Railroad bonds, firm.
* «.
New York Bonds
| -4» — *• —— *v
I S ref -Js reg... 99 jjapan 4%a 88%
Do coupon 98 [Kan City So ref 5s 96%
Do 3s reg 102 L Shore deb 45.1931 90%
Do coupon ...102 'L& X unified 4s. 92
Do 4s reg 112 jM. X A Tex Ist 4s 89%
Do coupon ....112 jDo gen 4%s 79%
! Panama 5s coupon. 100%! Mo Paclflc 4s 64%
A!-dial l*t 5s ctfs 43 !Docv 5s 78
Amer Agricul os. . 97U \ B of Mcx 4lws. 67
Amer TAT cv 4s. 100% N V C gen 3%5.. 81%
Amer Tobacco 6s. 115 |Do deb 4s 89%
Armour 4%S 89%INT,NHi H cv S%a -;\
Atchison gen 4- .. 94 'Nor A W Ist con 4s 92%
Do cv 4s. 1960.. 86% i Do cv 4s 103
Do cv 5s 99%' Nor Pacific 4s 92%
Atlsn C L Ist 4s. 88 !Do ?.s 63%
Bait A Ohio is.. 00 ( 0 s> Line rfdg 4s. 86%
THE SAN FRANCISCO CALL, SATURDAY, JULY 19, 1913.
Sales I STOCKS illlchl Low 1 Bid 1 A sir
IMnckay I 76%! 77
I Do pfd I 05 6"
100 Mexican Centra!..; 10% 10% 10% 11%
4,ooo!Mex Petroleum... 57% 55 5*% W
200}Mfnn *St !,mis.i 21-%' 21 Hi 14 ' Ml 6
110 in pfd 3514 40
6001.M St P A S S M! 123% 125% 125%|123%
I Do pfd ft 137 145
4<lo Mo Kan & Texas 21% 21 20%! 21 %
I Po pfd I i 57 160
lOOMiami Copper 21% 21% 21%! 22
2,4oo'Mlssour! Pacific..! 311. 30*, SH% 31%
National Enamel..! 11%| 12
;National Lead ' 4544 47V,
I Po pfd 1 j 105%|107%
'National PSscult..! I !112%!H4
1 Do pfd i J |11S 110%
600 Nevada Cons I 15% 15% | 15% 15%
>N V Air Brake... 58 63
2,<too New York Central! 98% 97%! 07% 9«%
2.700N V N n & H..j106% 102 (102 102%
100 N V Ont & W...1 29';! 20%! 28%1 20%
400 Norfolk & West. .! 104% 1104 ;104 '104%
Do pfd | ! 80 !87
INorth American..! I ! 00 I 60%
l,Boo|Northern raetflc. . 1107% [107 1107%1107%
lOmaha ! 1120 1130
' Po pfd [ | 134 140
'Pacific Mail I ' ! 18 10%
200|Pacific Tel & Tel! 20%! 20 ( 20 ! 32
2,3Oo!Penn It It Co !113%!112%!112%'113
100'PeopIe's Gas Ill%|lll'A 111% IX3
500 Pitfsburjr C0a1...i 17' ! 16% 16%! 16%
400! Do pfd ' 81 SOY.I SO 181
PCCA St I I > . ftO 104
! Do pfd j ! 99 '115
300; Pressed Steel Car' 23% i 23% 23% 23%
i Do pfd 7} 02 106
l.lOO'Rsv Cons 17%! 17% 17% 17%
'By Steel Springs! j 24 24%
Do pfd 1 01
40.100! Reading '100% 1158% 150%'160
! Do Ist pfd 80 188
200' Do 2d pfd 87 86% S« 00
I,soo!Republic S & 1.. 20% 19V, 20 20%
200! Do pfd 70 77% 70 82
l,2Oo)Rock Island Co.. 16% 13% 10% 10%
1.400 Do pfd i 26 25% 25% 20
Rumlcv t 15 17
! Do pfd I 35% 40
200'Sears-Roebnck . .!169%169 168 170
ISloss S S & I Co. 25 30
'. Do nfd ) S« 01
St I, A" SF Ist pfd! ' 14 16%
| Do 2d pfd ! I 6%! 7
200' St L A S W I 26% i 20%! 26% ! 27
I Do pfd I I 65 !66
It). 600 Southern. Pacific! 0.7 ! 92% | 02%! 92%
fiOOiSonthem Railway! 22 1 81% 21%! 22
! Do pfd ! ' ' 76 !77
I.2ooTenn Copper ! 28% 2ft I 20 i 29%
100' Texas Oil 'l05%|l05%!lO4 106%
Texas Paclflc I I 14% i 14%
SOO'Thlrd Avenue > 32%' 82%! 32% 133
Toledo St L& W! ' I 8%1 9
200 Do pfd ! 19%: 19%! 19%! 20
Twin City R T.. ! :103 1103%
IPnlon Bag & P.I ! 4%! »
33.7001Uni0n Paclfle 1148%'116% 147% 147%
1 Do pfd ! *-3% 84
'United Rvs Inv Co! ' 1 17 ! 10
| Do pfd ! ! I 32%! 35
TJ S Cast Iron P. ' ' 9%| 14
i Do pfd i ! I 47 V 48%
1 200)0 S Rubber f SO I 39%! 59%' 60
• Do Ist pfd ! !104 '104%
i Do 2d pfd > ' '70 jO2
87.300'!' S Steel COT.. J W%l 54%! 56%1 56%
1.4001 Do pfd 1107%'106 10fiti;'107
4.7oo'T'tah Conper ! 44 43%| 43%! 44
100 Va-Car Cbem Co' 26% I 26%! 26 20%
I Do pfd 1 1 I 96 IOS
-Wabash ' ! 2%* 2%
I Do pfd I ! t 6%! 7
[Walla Fa<-<jo Ex.. ' :ior. Ilio
!Western Union I 1 ! 61%: 62%
tOOW'est Maryland... 41 > 40V,' 41 ! 41%
! Do pfd ! ! I 54 I .-.0
1 SOOlWeetittghonse ... :>9'. ; no ' 5»%' oo
rw Ah E ' ' I 5 I 6
! Do Ist nfd | ! 14 117
I Do 2d pfd 1 1 7V.1 8%
!Wisconsin Central 1 ! ! 44%! 40
OOO'Woolworth ' 88%' 87, 88% 1 SO
322.800— Total shares sold.
Do 3%s 89U'Pa cv 3%5, 1915.. 96
Brooklyn Tr cv 4- 87%jPs con 4s 99%
Central of Ca sa. 102%' Reading gen 45... 94%
Cent leather 55.. 93 ;St I. A S F fg 4s. 09%
Ches A Ohio 55.. 93 ' Do gen 5s 50%
Do con 4%S 79*4 Rt It 8 W con 4s. 77%
Chi A Alton 3%5. .M'tJSeahoard AL adj 5s 71%
C. B A Q Jolnr 4s 93%!50 Pacific col 45.. 88%
Do gen 4s 81% Do cv 4s 86%
CM* StP cv 4%5.101% ! Do Ist ref As.. 88%
C.RIA Pac oo! 4s. 55% So Railway 5s 101",
Do ref 4s 78%' Do gen 4s 73%
Col So r&ext 4.,5. SKI Tnton Pacific 45.. 95%
Del A- Hud cv 4s. 86% Do cv 4s 91
Den & R G ref ss. 69 ! Do Ist A ref 4s. 91%
Distillers 5s 57 tJ S Kubbcr 6s 100%
L'rle prior lieu 4s. 84 |C I Steel 2d 55.. 99%
Do gen 4s 70 !Va Car Chem 55.. 91
Do , r 4s. se r p.. «9 ! Wabash IstAext 4s 49%
111 Cen Ist ref 4s. 89%! Western Md 45... 76%
Int Met 4%s 75y.'Wrst!ng Xl cv sa. SS%
Int Mer Mar 4'-s. 58 'Wis Central 4s 86
4 ■ « •*
| New York Mining Stocks I
+ c
'Com Tunnel stock OR Little chief ...... 03
Com Tunnel bonds 10 Mexican 1.15
Con Va His Co.. 14' Ontario 2.00
Iron Silver I.oo'Ophir 20
Lead ville Can ... Os Yellow Jacket 15
a I —i —-— *■
New York Curb Stocks !
c <►
• Prom F,. F. Hutton A Co.'s prlvste wlre.l
NEW YORK. July 18—Today's curb market
was active In spots. Greene-Cananea was
strong, "■eiiing up to 7% on good buying. The
Tonopah* were narrow. Merger sold off at the
opening, but was In demsnd around 84 at the
close. The oil" were steady.
Bid. Ask ' Bid. Ask.
Alaska 17% 18 'Ohio Copper.. % %
Anglo Oil .. 18% 19% Pac GAB com 42 43%
Belmont 6% 6%j Do nfd .... 86% —
Braden Coppr 0% 0% San Tor ....22 21
Do 6s 188 140 'Sionx Con ..2 4
British Col.. 2 2%!S W Miami.. 5 7
Rutte AN V % 1 So Utah 316 %
Chi Sohwav.. 2 3%Standard Oil.
Clnett-Peabdv 47 53 : ex subs ...360 383
Do pfd ... 93 98 I Do Cal 169 170
Colorado 12 16 I Do Ind 327 530
Con Ariz ...3 16 % Do Kansas.3os 313
Davis Daly.. 1% 2 Stewart 19-16 1%
Dolores 2 4 !Tobacco Prod. 100 120
Xl Ravo I 2 i Do pfd ... 84 86
F!v Con 9 10 'Ton of Nov.. 4% 4%
El Paso 3% 3%jTon Exten .. 2% *_»%
Emerson .... 27 33 ITon Merger... 83 85
Do pfd ... 78 90 [Tri Bullion... 110 V 4
First Nat ... 2 2%iTuolumne 1 1%
Fraction .... 2 4 ll'nlted Copper —■ %
Florence .... 30 35 ' Do pfd .... — 4
Giroux 1% lUf S Light... 7 8
Gld Dnlsy . 2 4 West Par Rr. 0% —
Gld Belmont. 2 5 Do 5s 77 78
Greene Can.. 6% 7%[West Pow pfd 42 46
Halllnger ... 16% 17 ! Do com ... 14 18
Halifax 1 I%'West F.nd ... 1% 1%
Iron Blossom.l2o ISO ,'Wettlaufcr .. 11 13
Int Rubber .. 7% SUlWillya Overld 50 89
Jim Butler .. 73 75 !Do pfd ... 88 02
Jumbo Ex ..11 12 (Taken 2% 2%
Kerr Lake. .3 3-16 3 oil ..297 302
Keystone .... 1% 1% Vacuum .....174 178
La Rose 2% 2%|Coßt Oil ..,.196 202
Lehigh C0a1..185 105 IL'tah See ... PS 18
Manhat Shirt 50 70 ! Do notes ..77 7S
Do pfd ... 98 102 lAtlantie ref. .590 600
Man Transit. 1% I%'Gld Con 111-16 1%
Marconi 5% 4 I Con Copper ..2 3^
Mason Val . . 6 — Tobaccos—
Mays Oil ... 17 18 IRey 240 250
McKlnlev D.. 1% 1% Br Am Tab. 22% 22%
Miami Os ...ICS 178 I Young 100 170
Mines of Am 2% 2V.;M C A 190 200
Montana Ton. 1% I%IPA 0 190 210
Mlzpah Ex .. 50 55 'Oonlev 270 290
Monte Sho... 62 04 [Johnson 165 180
Nev Hills ... 00 04 'Un Ctg Stores 82 82%
Nipisslng 8% 8% Havana 2% 4
.* a-
Boston Stocks !
-a *.
i From E. F. Hutton A Co.'s private wire.)
BOSTON. July 18.—The market was firm, but
with a small volume of trading. New Haven
predominated the early market here, advancing
sharply to 107, but reacting later. After 11
o'clock the other Issues were taken In band and ;
the volume Increased somewhat. Advances were
reported In good sited fractions by noon. Granby
was the feature, opening 1 point up and quickly
advancing another on small transactions. The
Haydeti properties were all strong and made ad
vances. During the early afternoon the market
livened up some. North Butte was a feature,
with considerable trading, and advanced a point
to 26%. Domestic consumers of copper have at
last awakened to the fact that copper metal is
cheap, taking Into consideration the statistical
poeitloo. The large agencies report a good busi
ness and Europe continues to he a large taker
of the metal. The present buying, which started
abroad when electrolytic was selling around 14c.
has advanced the price to 14% c.
Bid. Ask.! Bid. Ask.
Adventure .. 1% 1% Quiney 5S 5x14
A Hones 32% S3 Shannon 7% 7V>
Arcadian 1% 1% Santa Fe 1% 2
Ariz Com .. 2% 3 [United Shoe.. 45 45ii
Alaska 17% 18%' Do pfd 26% 27 •
A P 8 5% Super A Post 2% g%
Do pfd ... 17 18 iSuper Copper. 25'j *-'<;
Balaklala ... 1% I%Tamarack .... 2R 29
Cal A Ariz.. 61% 61 % Trinity 3% 3%
Cal A Heela.42o 425 0 S Mining.. 36 36%
Centennial .. 12% 12% Do pfd 48% 46%
Copper Bange 39 39%iPtah Apex .. 1% 2
Dnlv West... 2% - jctah Con ... 8% 9
East Butte.. 10% 11 (Victoria 99 100
Franklin 5% s%[Wolverlne ... 44% 45
Granby 56% 57%'!Wyandotte .. 60 75
Hancock 17 17%'Winona 1% 1%
Helvetia .... 50 60 [Greene Can... 7 7 1-10
Isle Ro.vale.. ID'i 30 !Ray Con 17% 17%
Indiana 5% 5%-Algomah .... 1% 1%
Kerr Lake .. 3% 3%Ros A Maine. 61 83
Keweenaw .. 1% 5 tßos & Albany. 197%195%
Ijike Copper. 6% 7%)Ros Kiev .... 89% 90
La Salle 4% 4%(Pnlted Fruit.,155%156
Mass Con ... 2% S ISwift 104V 4 104%
Mich Mln .. 1 l% 01d Colony .. $%
Mohawk .... 44 45 Mayflower ... 7 7%
North Butte. 26 26%1J51nc 19% 20
Nev con ... 15 15%'Rutte * Super 26' • 20%
N'orih Lake.. U 4 2 (Island Creek.. 47% 48
Old Dominion 44' a 4.5 | Do pfd SO 81
Osceola. 78% 77 • R N 70 95
OJibway .... Co 100 |P X 18% 10
SUMMARY OF
THE MARKETS
More cheerful tone In Gotham
Mock market.
Lending Wall street stocks made
good gnlnsi.
Copper nhnresi reflect Improvement
In metal price*.
Cotton futures advance on more
hot weather news.
Bond pricey well maintained on
local exchange.
Tonopah merger leada Nevada
mining ntoek trade.
Export sialea steady wheat In Chi
cago pit.
Hot weather in the southwest
ntrrngthens com prices.
Wheat and oats continue dull In
local market.
December harley option takes a
tarn for the better.
No rhiuge in local casa barley
sltnation.
Extra butter scores another small
advance.
Egg market firm, with prices
steadily rising.
Shippers overstock the market
with trashy fruit.
Most kinds of vegetables In heavy
supply.
Recent firmness in the poultry
market passes oft*.
FINANCIAL MART
TAKES NEW LIFE
Forward Movement Is Re
sumed and Trading Best
in Several Weeks
NEW YORK, July 18.—The forward
movement In stocks was resumed today
with vigor following the interruption
yesterday of the advance which began
several days ago. Trading was on a
considerable larger scale and the rise
was the most comprehensive of several
weeks.
Steel. Cnion Pacific. Reading', Cana
dian Pacific, Smelting, Harvester and
other stocks mounted two points or
mure, with lesser gains for most of
the remainder of the list. While the
close was below the best prices in
some cases, owing to realizing sales,
no serious inroads were made on the
day's gains.
More than one-fourth of the trading
was in Steel, the keen demand for
which anparently was due in large
part to forced covering.
The course of the market illustrated
the close connection now existing be
tween conditions here and in foreign
centers. London was a buyer of stocks
here, and Paris and Berlin also made
purchases on direct orders. Arbltage
brokers estimated foreign buying at
20.000 or more shares, principally of
Canadian Pacific, Union Pacific, Steel
and Amalgamated.
There were important developments
at home, but the foreign Influence was
perhaps (lie most important factor.
Movements of stocks here during
tiie last few days have followed the
European markets. Prices rose abroad
Wednesday ana today and an advance
here followed. Yesterday's reaction In
London was followed by a reaction
here. Tn addition to the foreign buy
ing, brokers r.aid that there was a bet
ter demand for investment stocks here
today than had been the case for some
time!
The course of New Haven was watched
closely, owing to the announcement
over night of President Mellen's resig
nation. Traders who viewed this de
velopment as bullish bought the stock,
marking up the price two points. Sub
sequently it fell off sharply, closing at
a loss on the day of 2%. Xew Haven
6s lost 1%.
Bonds were firm. Total sales, par
value, $1,665,000.
Panama 3s, registered and coupon,
declined U on call.
Mutton's New York Letter
There was more strength and activ
ity displayed in todays market than
Wall street has seen for many days.
Opening prices showed gains in the
general list, with exeepiion of petro
leum issues, which were again under
pressure, both selling at new low rec
ords. It was reported that there had
been a great deal of calling of loans
on petroleum issues.
Foreign business was a factor, buy
ing orders amounting to more than
20,000 shares coming in. Heavy trad
ing in Steel common again attracted
attention, 63,000 shares being dealt in
up to 2 o'clock. There was said to
have been excellent buying of this
stock during the last few days. South
ern Pacific sold up to 93. When rights
of Union Paclflc were first dealt in on
the curb Southern Pacific stock was
selling at 91. It was the assumption
that $86,000,000 Southern Pacific stock
would be offered to Union Paclflc stock
holders at 90, and on that assumption
rights sold between % and %. With
the advance, rights are more valuable,
provided 90 is the price decided on for
Southern Pacific. Union Pacific had a
sharp advance, following the upward
movement in Southern Pacific. In late
trading Steel sold above 56 and Union
above 148. Other speculative shares
gave no opportunity for short covering
without loss. High prices for the day
in all active shares were made in the
last half hour.
At the close the market had a very
strong undertone, and indications
pointed to further improvement.
Livestock Market
CHICAGO
CHICAGO, July 18.—Hogs—Receipts. 14.000
bead: market strong to 10c higher. Bulk of sales,
$9.15<?r9.45: light. $9.1509.60; mixed. $8,900
0. 58: hoavv, $8.70(59.45: rough, $8.7008.90; pigs',
$7.6008.33.
Cattle —Receipt*, 1.560 head: market slow hut
steady. Beeves. $7.15(30.15: Texas steers. $70
8; western steers, $7.1508.20: stockers and feed
ers. $3.6007.85; c o ws and heifers. $3.8008.50;
calves. 88.594511.35.
Sheep—Receipts, 13.000 head: market weak.
Native sheen. $4.2505.25; western, $4.2505.10;
yearlings. $o.30(50.85; lambs, native $008. west
ern $6.3008.
KANSAS CITY
KANSAS CITY. July I,B.—Hogs—Receipts,
4.000 bend: market 10c higher. Bulk of sales.
30.1509.22%; heavy. 89.1009.20: packers and
butchers. $9.1009.2': light. $0.1509.25; pigs,
$7.75^8.75.
Cattle —Beceipts. 1.500 head: market steady.
Prime fed steers. $8.5008.80: dressed beef steers.
$708.40: western steers 8«.. r >o((f .8.2"; souihern
steers. $5.5007.60: cows.'s4.lo'.!7: heifers. $5.r.0
08.75; stockers and feeders $4.7507.50; bulls,
$4.5000.75: calves. $609.50.
Sheep—Receipts, 2.000 head: market weak.
1. ambs. S7WB; yearlings. $4.750 5.75; wethers,
$4.2505: ewes. $."..500 4.50; stockers and feeders.
$4.25.
New York Produce
NKW YORK. July 18.—Bntter—Steady. Re
ceipts, 9.005 tubs. Creamery extra*. 26% 0
27% c; Qrata. 23%026e; state dairy, finest. 2tV;
process extras. 24% 025 c; Imitation creamery
firsts. 24c; factory." current make firsts, 230
23% c; do seconds, ■_'1«22c; packed stock, current
nink" No. 1. 21 %c.
Cheese—Steady and unchanged. Receipts,
5.462 boxes. State, whole milk, fresh, colored
specials. 14%0 14% c; do white and pale, 14% c;
skims. 3011 c.
Eggs- Steady. Receipts. 18,176 eases. Fresh
gathered extras. 24r ( {2flc: extra firsts, 21023 c;
firsts. 18%020c: Pennsylvania and nearby hen
nery whites, as to size and qnalitv. 25<330r; do
gathered whites. [email protected]; western gathered
whites, 20025 c.
Chicago Produce Market
CHICAGO, July 18.—Butter—Unchanged.
Creameries, 22%026c;
Kggs—Unchanged-. Receipts. 11.817 cases. At
mark, eases Included. 8014 c; ordinary firsts.
14%015%c: firsts. J«016%c; storage, 17c.
Cheese—Higher. Daisies," 14% 0!4%c: twins,
lo%013%e; Young Americas, 14% c; longhorus.
14%014%c.
New York ami London Metal Market
NEW YORK, July 18. — Copper — Irregular.
Standard, spot. 14.12014.50 c; July. August and
September. 14.120 14.25 c: electrolvtlc. 14.37 c;
lake 14 37014.02 c; casting. 14014.25 c.
Tin—Dull—Spot. 39.82C.04iV: July. 39.750
40C: August and September. 30.75030.87% C.
Lead—Quiet st 4.50(-,r4. 40e
Spelter—Qn',o t a t 5.1505.30 c
Antimony -Dull. Cookson's. S.Wa 8,53 c.
Iron -Barely ste a ,| T and nn ehanged.
London Hosed as follows:
~ . 'TV, M" ~":S t* '»< ,. v- f«3 15s 9d; futures.
Tin -Quiet. Spot. fiSi: futures. £182 10s.
Spelter--Co jo s
Lead-£2O.
Irou—Cleveland warrants, 335. x .
SAN FRANCISCO STOCK AND BOND EXCHANGE I
Better feeling continued on the San Francisco Stock and Bond exehangt
yesterday, though fewer securities were offered for sale and transactions aceoiu-
Ingly were less than on the day before.
Associated Oil stock advanced to $40 and Hawaiian Commercial «V_« iir ,
$26.fi2i4. Spring Valley Water mortgage 4s sold at from $S9 to $89.25, with tot:, is
of $17,000. Fnited Railroads bonds were slightly improved at 155.87%. Natomas
Consolidated 6s remained at $SO, with sales of $9,000. Total transactions in tu*
listed department were $40,000 in bonds and 312 shares of stocks.
In the unlisted. Western Pacific 5s advanced to $7S and General Petroleum 1*
sold at $61.25. Pacific Gas common remained at $43 and Pacific Gas preferred at
187.62%. Total unlisted business was $7,000 in bonds and 60 shares of stocKS
LISTED SECURITIES
SALES JULY 18, 1913
Morning Session $2,000 Cal Gas A Etee O U ft C T 55.100.n0
Board— $3,000 Oakland Transit Con 5s 95.00
207 Associated Oil Co 40.00 Afternoon Session
50 Hawaiian Cotul & Sugar 26.02% Board—
81.000 City Electric Co 5s 82.75' 50 Northern Cal Tower Co C0n.... 24.81%
$2.000 Pacific Tel A Tel 5s 97.00 5 Pacific Tel & Tel (pfd) 92.50
$2,000 S P R rt Co Ist ref 4s 88.K7% $5,000 Natomas Con of Cnl 6s SO.OO
$4,000 Spring Val Mater gen mtge 45.. 80.25 $1,000 Paclflc C,a«< & Klectric 5s 84.75
$3,000 Sprint.' Val Water gen mtge 45.. 80.12% $1,000 United BKofS F4s 85.8T%
$11,000 Spring Val Water gen mtge 45... 80.00 Street-
Street— $4,000 Nntomas Con of Cal 6s SO.OO
$1,000 Associated Oil Co 5s 97.00 $1,000 Omnibus Cable Ry 6s 95.00
CLOSING QUOTATIONS
BONDS I Bid. Ask. ; Bid. Ask.
U. S. Bonds— Bid. Ask. Nor Klectric Co 55... — 96 [Bank of Cnl. N A — 200
4s quar coup (new).llo 113 Oakland Ga.= . I.AH ss. — 101 ! California St R R 124%
3s quarterly coupon.. — 103% Wis kland Transit Co C 5.103 — 'Cal Fruit Canners 118 116
Miscellaneous Bonds— j Do 5s — 103 I Cal Ins Co (par $40). — TT
Alameda Artes W ss. — 96 ' Do Con 5s 04 — Cal Wine Assn pfd.. — 82%
Associated Oil Co ss. —■ 97%' Oakland Trac Con ss. - 90 I Do common — 50
Bay Counties Pow 55.100% — ! Oakland Water gtd 5s 80% — IB I tlu Pont de N con! — 135
Cal Cent Gas &El Ss.loo — iOmulbus Cable By Cs. — 100 'Fireman's Fund Ins. ..231 240
Cal Xl Gen ss, ser A. — 85 ! Pacific Gas Imp*4s.. — 90 'First Nat Bank of S F. 215 227%
Cal GAEI g m A ctss. 99%100V< ! Pacific Gas A Elec ss. 84% — [Giant Powder Con 80% —
Do unifying 5s 92% 92% ' Pacific Eiectric P.v 58.102 — t Hawaiian Coml & S-.ig. 2i'» a
California St Cable ss. 99%102%|Pae Lt A Pow rtd ss. — 07%! Ilawallnn Sugar C 0... 26% —
California Wine 55.. 94 97 ! Paclflc Tel & Tel ss. 97 97% Honoksa Sugar C 0.... 3 —
City Electric Co 55.. 82% — | park & Ocean RR 6s. — 100% I Hunt Bros Co nfd... 09% -
Coast Counties IAcP 5s — 95 | People's Water Co 5s 72 — I Hutchinson Suj Plant. 10
Contra Costa Wat ss. OS 99 i Sac El Gas A- Rv 55.100%102 I Mercantile Nat Bank.2oo —
Edison El of L A ss. 97% — Sac A Woodland R3s 03% — ' Mutual Savings Rank. 80 —
Edison Light. A P 65.104% — S Joaquin Lt A P ss. 97% 99 I N Cal Power Co Cou. 24% 2-i%
X I duPont Pwdr 4%s 83% — ( Do Cor 6s. series A.101% — Onomea Sugar Co 21 —
First Federal Trst 55.100% —| S F Electric Ry 55.. — 00 lOro Eiectric Corp pfd. —
Ferries & Cliff II ROs. — 100%).Sf*.Napa & Calls R 6s. — 102 ! Do common — 12%
Great Western Pow 5a ~~~ 82% BF, Oak AS J Ry3s. 95% — I Paauhau Sugar Planr. 13% —
Haw Coml A Rug ss. — 100% Do 2d mtge 5s — 92 I Pac Aux Fire Alarm. 2% 4%
Lake Tahoe R& T ss. — 97' IDo Con Rv 5s — 80 ! Pse Coast Borax pfd. 90% —
Long Beach C Gas 6s. — 102 !SJ A S Clara R 4%«. — 90 ! Do common — 100
Los Ang Gas &El 3s. — 100 'Santa BarbaraGAElCs. 07% — ! Paclflc Coast Casualty. 80 —
Do Corp 5s 00 — !SPRR of Cl c g 35.105% — I Pacific Light Corp pfd — W
Los Angeles Rv 55..102 104 ! SPBraneh Rof Cal 6s — 122%! Do common — 108%
Los Ang Light gtd sa. — 100% Is PR R Ist ref 4s. 88% S9M . Pacific Tel A Tel pfd. 92 93
L A-Pac R R lem 55.101 — 8 Val Wat gen m 4s. 89 89%' Do common 28
L A-Pae RR of Cal 6s — 95 j United Gas A Elec ss. — 100%' People's Water Co pfd 35 4.%
Marin Wat A Pow ss. 99% — 'United RRofB F4s 35% — 'Philippine Te'.AT Corp — 2t
Market St Rv Icm ss. — 90 ! Val Counties Pow ss. — lCo%!Realty Syndicate .... — 80
Mid Counties" GAEI 6s — 101 ! STOCKS [ Security Savings 8unk.320 330
Mill Val A MtTmRSa. 07% — /Alaska Packers' Assn. 80 — 8 F-Oafc Ter Hvs.A pfd — 72%
Nstomas Con of Cnl 6s SO — ] American Nat Bank.. — 133 Spring) Val Water Co. 51 —
Nor Rv Co of Cal 55.100 108 1 Anglo-Cal Trust C 0... — 125 ! Sterling Oil & Dev.. — 1 .Oo
Nor Cal Ry 3s 101 — i Anglo A Lon P Rank. — 131 I United Petroleum Co.. — OO
Nor Cal Power Co ss. — 100 ! Armsby Co of XV pfd — 100 I Union Sugar Co — 80%,
Do Con 3s — 90 [Associated Oil Co 40 — I
UNLISTED SECURITIES
SALES JULY 18, 1913
85 Pacific Gas A Eiectric (com).. 43.00 I $1,000 General Petroleum Co 6s 61.00
2.'. Pacific Gas & Electric (pfdi... 87.02%j $1,000 S P A North Pacific Ry 5s 101.00
$1.0(0 General Petrol earn Co 6s 61.23 ' $6.000 Western Pacific Ry 3s, s 10 78.00
The following are the lntest quotations for unlisted securities on the San
Francisco Stock and Bond exchange:
BONDS I Bid. Ask.' Bid. A«k.
Bid. Ask.[South Pal Edison ss. — 95 Oakland Traction pfd. — 70
Alaska Packers 65.. .104V,105%!South Yuba Water 65.103 — I Do common — 20
Amer River Elec 3s. 90% 98 South Pacific Coast 4s 89 94 [Oakland Bank of Say. — 2.>2%
Assoolatr<i Oil Ist ref 80 90 So Pac S F Term 4s. SO 87 I Ocean Shore Ry 9% —
Bay Counties Pow 6s. — 104 IHnnset Telephone 55..100 102% Oak. Antioch & E 7% —
Blue Lakes Wat bds.lo2 — Sperry Flour 6s — 100 Olaa Sugar Co 1% —
Cal Northwestern 55..100% — Union Oil Co 5s — 84 Oro Development Co.. — 40
Const Val QAEI Istbs.lOO lot United Light A P 6s. — 90 Orphenm stock 19% —
Gen Petroleum 65.... 61 62 United Properties ss. — 86 Owl Drue Co pfd.... — 102
Honolulu Plant 6s — 101 I Do debenture 6a.... 5 15 Pacific Hard & S pfd. — 93
Hunt Land & Imp «s. — 101 (West Sacto Land 65.. — 100 Do common — 25
M* Whitney Pow 65.100 — (Western Pacific Rv 5s 77% — (Pacific Port Cement... 59 —
Natomas Dcv 6s 94 100 Yosemite Val Rv 55.. — 83 'Pacific Gas A Elec pfd 87% —
Do Land A- Mln 6s. — 100 I STOCKS I Do common 42' j -
Do 2d mtge 6s 55 60 'Alameda Sugar — 20 'Palace Hotel stock — 80
Nor Cal Pow deb 6s. — 96%18ank of Italy 123 — People's Wafer com... 2% 3
Oak A Antloeh Rv ss. — SO [Cal Cotton Mills — 75 Pet & Snntii Rosn Rv. 20% --
Oak. Ant AE Rv 3s. — 82 jCal State Life Ins.. — 14 I Portuguese-Amer 8nk.10.1 —
Orphenm 6s *. 101% 103 'Central Cal Traction. 7% 15 IPoulsen Wireless — 20
Pacific Port Cetneot &» 99 — [Central N B of Oak. — 145 'Riverside Cement .... 45
Palace Hotel 6s — 107% Central Savings Bank. — 77%,' Southern Cal Cement.. — 55
Pet A Santa Rosa ss. — 97 Cypress Lawn 3 4 Standard Cement — 21
Do 6s 94% — First Nat Rk of 0ak.200 — [San Francisco Secur... 49 55
PblUpnine Tel 55.... — 85 French-American Bnk. — 100 : San Joanuln light AP — 20
p 0 f,« — 08 General Petroleum ... 20 24 1 Do preferred — 00
Riverside' Ce'menf «s.. 77 79 Hawollan Pineapple.. — 40%[ Santa Cruz Cement.... — 36
Sacto Val Power 65.. 75 — Honolulu Plantation.. 20 — Sperry Flour — 25
San Diego Gas &Elss 88 — Do pool 20% — Do preferred — 101
SF A S Joaquin Y.'.s. — 10S Honolulu Oil % 1 Weed Lumber Co — 106
SF & N'-r Pacific 5a - 101% Italian-American Bnk. —- 112%! West Mtg & Guaranty — S3
San Joaq L& P. ser 891 03%! Mascot Copoer 1% 2%.'Western Pacific Ry. .8% —
Slcrrn AB F Pow ss. — 97%!Mstson Navigation ... — 130 [Wells Fargo Nev 8k.1.0 1...
Standard Cement ««. . 9!% — ! Merchants' Nat Bank. — 83% Wesl Coast Life Ins.. — 2<:o
Standard Electric 5« K4 96 |Noble Klectric Steel.. 1% 3 West Sacto Land Co.. — ...%
Santa Crux Cement 6s — 85 Natomas Consolidated. — 72 Western Amer Realty. — 20
S F Gas & Flee 4%s 90 I Nor West Electric... 30 — JWesrern States Life... 7% 8%
Do non callable..".. — 88 (Northern Elee Ry pfd. 44% — ! Western Power pfd... 43 —
South Cal Cement hds 70 73 j Do common 20 — ( Do common — 18
Mining Stocks
4 —, . ——«►
After opening quiet and weak in common with
most of the other stocks of the Toaopah group
In Bush sireet yesterday. Tonopah Merger braced
up and became the firmest feature of the mar
ket and the most active stock on the Hat on
a renewal of buying activity. The stock made
a very poor showing at the outset, when offers
to sell good sized blocks at 80c found no takers,
and Immediately after the call the price sagged
| points below the opening level on some liberal
selling. Shortly before the noon recesst buying
orders commenced to come in to the board room
and the stock responded with a sudden upswing
that continued into the afternoon, when the
price rose to 83c, where It closed. A few of
tbe others also showed some buoyancy In the
late trading after starting the day neglected and
weak. North Star sold at the dollar level at
the opening and It lost 2 points before the
trading hnd progressed very far. but lt recovered
th« loss later and closed steady. Midway was
steady nil day and closed slightly higher. West
Bad rose to 31.83. -lim Butler to 74c and Rescue
continued to receive good buying support at 22c.
The Goldfleld trade continued qulert with
prices remaining about (lie snme as on the pre
ceding dar. Consolidated barely managed to
qualify for a place on the record of transactions
with one lone sale at the previous price ef
Bi.67*s. Nevada Hills sold at 92e ami Round
Mountain finished the day rather easy at 59e.
The Comstocks were moderately active and
generally- steady, though prices showed but little
change " from Thursday's closing quotations.
Mexican sold at 81.23, which price was bid for
more shares at the close. Unlou, its neighbor,
was stationary »t 15c. while Sierra Nevada
gained s point. Ophir was unchanged. Consoli
dated Virginia was steady at [email protected]
SAY FRANCISCO STOCK EXCHANGE
Following were the sales on the San Francisco
Stock exchange yesterday:
Regular Morning Session
4000 Atlas Wonder. 1313500 North Star ...1.00
200 Cent Eureka., 101 200 Ophir 18
500 Ton Imperial.. 01 500 Rescue Eula .. 22
400 Con Va M l&jlOOO Rescue Eula .. 23
100 Gld Con M. 1.07H1 1000 Round Mt 60
2000 Gld Merger M IT 400 Sierra Nev ... 14
1000 Midway 44 300 Umatilla 07
700 Nev Hills ... 82 500 Union Coa 13
SOO New York ... 23|
Afternoon Session
100 Caledonia 1.50i2000 Round Mt 58
100 Ho. b 00.. .1.352000 Round Mt 58
200 Con Ya M 15: 500 Savage 12
300 Con Va M 14! 800 Sierra Nev ... 14
1000 Gld Merger M 17,1Q00 Sx> Eureka M.2.00
1500 Jim Butler .. 73 2000 Ton Merger ... 70
200 Jim Butler .. 721 500 Ton Merger ... 78
1000 Man Con 03|6600 Ton Merger ... 77
5000 Midway 44; 500 Ton Merger ... 82
2000 Mon Pitts Ex. 10j 500 Ton Merger ... 83
500 New York ... 23! 1000 Ton Merger ... SO
1000 North Star ...1.0012000 Ton Merger ... 81
4500 North Star . .. 8912000 Umatilla .07
2500 North Star ... 98! 200 Union Con 15
1000 Rescue Eula.. 23 200 West End 1.30
500 Rescue Eula.. 22]
500 Andes 021
Inforthnl Session
100 Caledonia 1.50:1000 Rescue Eula .. 22
.-ton Gonld A Cur. OSt 600 Seg Belcher .. 10
500 Jim Butler .. 71! 200 Ton Merger ... 82
806 Mexican 1.23(2500 Ton Merger ... S3
500 Midway 4312500 Ton Merger ... 84
500 New York ... 2414000 Ton Merger ... 83
500 North Star ...l.OO'i 300 West Bad 1.33
CLOSING QUOTATIONS
CALIFORNIA
Bid.Ask.) Bid.Ask.
Argonaut 2.00 —Cent Eureka... 10 11
Bunker Hill.. 1.50 —So Eureka M.2.03 —
NEVADA
( omsTocks
Bid.Ask.! Bid.Ask.
Alpha «l 02j.Tulla Con — 03
Alia OS —Justice — 04
Andes 01 02'Kentuok Con.. — 02
Belcher 13 —!Mexlcan 1.25 1.50
Best A Belch. 06 07j New York ... 22 21
Brims ( hollar. 10 —'Occidental 70
Brnna Potosl.. 10 —t>phlr 18 18
Bullion — 02;Overtnan — 35
Caledonia 1.45 I.ss;Potosi 01 03
Challenge 05 07' Savage 11 12
("hollar 01 02!Scg Belcher ..09 10
Confidence ... — 27|Soorpion 03 05
Con Imperial.. — 02!Slerra Nev ... 13 14
Con Va M 14 lSiStlyer Hill ... 04 05
Crown Point.. 25 —[Union Con .... 14 15
Exchequer ... — 02 Utah 03 05
Gonld A Cur. 04 05: Yellow Jacket. 21 —
Hale & Norc. 07 09|
Tononah District
Belmont 6.12 6.25!M0n Pitts Ex. 09 lo
Boston Ton .. 02 03|North Star ... 99 1.00
Cash Boy 09 lOlßosoue Eula .. 22 23
Crt West Con. — 02|Ton Exten ... -2.50
Halifax 1.30 1.40;T0n Gypsy On, 00 07
Jim Butler .. 75 75' Ton Merger ... 84 S3
MacNamara .. 15 10 Ton of Nov... — 6.00
Midway 44 45iTon 70 Con... 01 05
Mizpah Ex .. 50 51 Umatilla 06 07
Montana 1.07 — West End 1.32 1.33
Goldfleld District
Atlanta 15 Ifi.Gld Merger M. 16 17
Blue Bell ... — 02 Grandma — 02
Rlue pull . . 02 03 Great Bend .. 01 02
Booth 01 C2'Grt Bend Anx. - 01
CO D 03 04'Ort Bend Ex.. — 01
Columbia Mt.. 01 02'Ji:mbo Fx 12 13
Com Fraction. 05 04! Lone Star Con. 01 02
Conqueror ("on — 04!Oco 10 1l
Cracker Jack. -- 01; Red Hills 01 02
Dmd B Butte. 02 o*l Bed Top Ex.. — Oil
Dmdfld Daisy. 02 03! Sandstorm Ken - 02
Florence 29 52{Silror Pick Con 03 OS
Frances Mbk.. — Ol'Spearhcad Gold 01 031
Chicago Grain and Provision Futures
CHICAGO. Jnlv 18—The leading faturei ranged as follow:
(Furnished by E. K. Hutton & Co.. 490 California Street.)
YVheat— Option High Low Close Julr 1" "* r Ago
Jnlr $0.85% $0.86% $0.85% $».*o% $0.85% 50.97%
September SOt:, ,57% .86 M .««%
December ..: 00% .90% .89% .90% .90% .0.%
Julr ....j 00% .01% .&•% .r.l .601* .69%
September «1 % 62% n,7 « ••H
December 58% .59% .57% .58% .58% .56%
Oats
.Tu'v 38% .2.8% .35% .38% .38% .42%
September ; 39' i .40% .3!.% .39% .39% .53',
December 41% .42 .41 .41% .41% .34%
Pork—
Julr 22.10 2:2.10 22.10 22.10 22.00 17.37%
September 21.30 21.42 21.30 21.35 21.23 17.67%
Lard—
Julr 11.75 11 S.l 11.75 ll.«!0 11.72% 1«.45
September IL.OB It'M 11.02% 11.80 10.62%
October 11.95 12.00 11.05 11.97% 11.87% 10.67%
Short Rlba—
July 11.90 11 90 11.87% 11.87% 11.80 10.37%
September 11.95 11.97% 11.92% 11.95 11.90 i0.f.0
October 11.72% 11.75 11.72% 11.72% 11.67% 10.42%
Gld Con M..1.63 I.7oJVernal — 09
Gtd Portland.. — OUYellow Tiger.. 02 04
Gld Kewanas.. 03 03|
Bnllrmr District
Mayflower Coa — 01' Sunset 03
kfanbattae IMaf-lot
Gold WedSO-. 03 04 Man Dexter ..02 03
Man Amalgam — 91 [Mad W Caps. 07 08
Man Big Four 40 —[Mln Hill (on.. — 01
Man Con .... 05 OK Morning" Glory. 01 02
Man Crescent. —- OdfMnstang Man.. — 02
•"'ther District'
Atlas Wonder. 13 14 Pitts S Peak.. 45 48
Eagle's Nest.. 01 02' Raw Coalition. - 01
Fairvw G Bid 02 03' Round Mt 59 61
Nev Hills ... 92 93
•0 •-
Oil Stocks
♦ ♦
SAN FRANCISCO STOCK EXCHANGE
Bid. Ask. 1 Bid. Ask.
Amal OI! .. — S7.oo!Pre m ier 20 —
Asso Oil . .38.73 40.00 Record 1.00 —
Claremont.. 55 60! Republic • •■■ 10
("oal Central 20 —Saner Dough. — 1.36
111 Crude .. — OSiSoverelgn ... Ox 10
Monte Ciisto 58 — Turner 1.45 1.53
Occidental.. 2~> —Storage etfn, 'M —
Pac Crude.. 23 —>
SALES
11:15 a. in.—
50 Associated Oil 59.30
Informal a. m.—
500 Caribou 67
Informal p. in.—
500 Caribou 70
Loa Angeles OH Stocks
Bid. Ask. I Bid. A«k.
Amal ..81.50 80.00 [Mascot .. 75
Asso ...40.25 41.00 Mid Nor. 17% 19%
Bear Cr. 65 — Nat Pac. 02% —
Brooks.. — 65 'Pa Mid.. 07% —
Cal Mid. 10 14 [Rice R.. 90 —
Central.. — 85 [Union . .65.25 65.50
Columha — 85 [Union P. 67.50 80.00
Fullerton 2.00 5.00 ll'nitd P. 87.50 70.00
Globe .. 01% 05 ICnitrt Oil 04% 04%
Jade ... — 07 W C0a5t.95.00 103.00'
Mar Nor 04% 04%;W UD...100.00 —
Mar Qn. — 50
MISCELLANEOUS MARKETS
Cotton Market
(From E. F. Hutton A Co.'s private wire)
NEW YORK. July 18.—Indifferent cables and
a very flattering renort from Covdill on the Texas
crop made for a slightly easier tone early, but
when the details of yesterday's weather were
posted showing temperatures of 100 to 105 ia
the Atlantic states, with similar conditions in
northern Texas and Oklahoma, a wave of buying
set In which carried values up sharply from' the
low levels.
The weather is the whole thing st tbe moment
and lower temperatures or general rains in tiie
southwest might oaaly cause a sharp reaction,
though a conflnuatioTi of present conditions for a
few days longer would likely bring about a fur
ther substantial advance.
Spot closed quiet. Middling uplands, 12 40c;
do gulf, 12.65 c. Sales. I.JOO bales
COTTON FUTURES Year
Option. Open. High. Low. Close. July 17 ago
July 12.18 12.20 12.14 12.20 12 20 f<M
Aug 12.02 12.13 12.02 12.12 12 07 1"-1
Sept 11.67 11.72 11.67 11.79 11.67 12 31
Oct 11.45 11.60 11.44 11.59 11.47 12 43
Nov 11.49 11.37 12.44
Dec. 11.35 ItißO 11.55 11.80 11.38 12.45
Jan 11.30 11.44 11.30 11.45 11.32 12 43
Feb. 11,44 11.3:7 12.15
March ...31.36 11.81 11.38 11.50 11.38 12 "4
May 11.53 11.42 12.60
Los Anreles Produce Mnrket
(Special Dispatch to Tbe Gall)
i.os A NOBLES. July IS.—Eggs—-Unchanged;
receipts, 581 cases. Local ranch, candled 31c.
case count 28c; northern, case count. 25% c.
Butter —Firm and unchanged; receipts, 26,695
pounds. Prices to the trade 3c above quotations
California extras, 3()o: firsts, 27c.
Cheese 315 pounds. Northern fresh.
15% c: eastern singles, ISc; do twins, 17c; do
Cheddars. 17% 01 Sc.
Potatoes —Oregon Burbanks. $1.25 per ctl: new
yellow sweets. 6%070 per lb: Salinas, 5P.71.10
per ctl; new potatoes. 55060 c per bos.
Naval Stores—Turpentine nnd Rosin
SAVANNAH. Jnly Iff—Turpentine firm at
35% c. Sale*. 1.317: receipts, 800; shipments,
474: stocks. 26,012.
Rosin —Firm. Sales. 851; receipts. 2.208;
shipments. 782< stocks. 119.868. Quote: \ p.
C. P.. 84.204i4.23; E, V, 84.2004.30: <:, R ['
K. $4.2504.30; M, $4.65; X, $5.40; W G. $9.30;
W W, $6.30.
WHEAT INFECTION
CAUSES INCREASE
Spread of Black Rust Is
Among the Bullish In
fluences in Pit
Illinois Corn Outlook and
lowa Heat Damage Also
Affect Prices
CHICAGO, July 18-— Spreading of the
Mark rust infection had considerable
to do today with rallying the wheat
market after an early decline. Clos
ing prices were steady at an advance
of %c to fee net. , Other lending:
staples also made gaans—corn He to
%C oats %c to -%c ajid provisions ,c
to South Dakota was added today tn
the list of states repotting black rust
In the wheat fields. This news meant
that the plague was now present t>
some extent in every state in the
spring crop belt, as well as across the
Canadian border. Bulls received help,
too from a decided raJly in coarse
grain and from export business ac
companied by gossip of renewed ten
sion between Austria and Russia.
Predictions of larger world ship
ments? caused an opening dip in wheat
prices and there was also a little set
back near the end of the session
Longs taking profits were, responsible
for the fact that final transactions
showed only a moderate degree of
strength. j
Scattered rains in Nebraska and
Kansas gave corn a down turn at the
start but prices rallied sharply after
a prominent expert had stated that the
crop outlook was poor over a large
part of Illinois. There seemed to he
no end to bullish dispatches from the
west and southwest. .
Oats were affected a Brood deal hy
advices from lowa, telling of datnace
from heat. , . ,
Tn provisions shorts covered freely.
The incentive came from higher prices
for hogs from the bulge in coarse
grain.
Hutton's Chicago Advices
Wheat —Nervously strong market.
Advancing after an opening dip in
prices. The extreme advance was not
maintained because of longs taking
profits. Thene were some black rust
reports from northwest, sotne claims
of export trade at seaboard and a gen
eral belief that some business was do
ing in hard and red winter wheat, but
the teal strength came largely from
the fact that there was a large sleep
ing- short interest. Recent Influential
buyers were crowding the shorts to
cover today and it was presumed that
they also furnished many of the com
mission orders to sell on bulges.
Weather in Hie northwest was counted
excellent. Modern Miller reports win
ter wheat turning out well as to yield
and flour making quality and says
yields indicate big crop will be raised.
C* orn —Prices dipped at the outset,
with larger local sneculators hammer
ing the market because of cooler
weather in Nebraska, with some rain
fall over night and also some reports
of scattered rains in parts of Kansas.
Good buying developed on the slump,
and local shorts ran the prices up 1 1 ;
from the early low point before sup
plying their wants. Cash corn was
higher in all outside markets and re
ported scarce southwest.
Oats —Followed the same general
course as corn. There was overselling
lat outset, then covering by shorts later
' and some fairly important profit tak
| ing on the bulge. Cash oats, %c
i higher.
Provisions —Were higher under scat
-1 tered commission buying, which started
' covering by a lot of shorts. There was
! some profit taking by the Milwaukee
j packers.
j DOMESTIC AXD FOREIGN GRAIN
Future Grain and Provisions
LIVERPOOL)
Wheat— July Oct. Pee.
Opening 7 5% 7 3% 7 5%
Closing 7 5*4 7 3 7 3%
PARIS
Wlieat— July. Nov. Fob.
Opening $1.51% $1.4.;',
Closing 1.52% 1.4.",%
Flour— July. Sept. Oct.
Opening $6.58 $6.2~
Closing 6.57 6.26
Casth Grain and Pro visions
CHICAGO, July is.-_Corn—No. 2. 62 0 62%0;
No. 2 white. 63 I « fft 63%e; Nn. 2 yellow 62%'0*
62% c; No. 3. 61%0«2%c: No. 3 white 634*
63%e; No 3 yellow. 62%<362%c: No. 4. 60%ir
61%e; No. 4 white, 61%062%c; No. 4 vcllow, 61
001 %c.
Ry"—No. 2. tii'iifjS* l .
Rarley—4Br,f 63c.
Timothy—s3.7s 04.75.
Clover—Nominal.
New York Grain Market
NEW YORK. July I«—Flour—Firm.
Wheat— Spot, firm: No. 2 red. 94% c: No 1
northern Duluth. $1.00%. Futures closed 2%t
net higher for July and %c higher for the
other months. July, 90%e; September, 94% c;
December. 97%<\
Northwest V*. hent
WASHINGTON
SKATTLE. July IS.--Wheat: Old crop—Nor
mat. New crop—Rluestem. S2e: forty-fold. 86c;
club. 79c: flfe. 79c; red Russian. 78e.
Yesterday's receipts—Wheat, 13 ears: hay. IS
I ears; flour, 5 cars: corn, 1 ear: barley. 1 ear
TACOMA. July IS.—Wheat: Old crop—-BJmv
| stem. 95e: club, 06c. New crop — Biuesteni norn
I inul. 824183 c; club. ROc.
Receipts—Whort. 1 car; barley, 6 cars; corn.
1 car: oats. 1 ear; hsv. 2 cars.
OREGON
PORTLAND. July is. -Wheat— Unchanged.
Receipts—Wheat. 1 car: flour, 4 ears: oats c
; cars; hay, 5 cars.
Minneapolis (.mln Market
MINNEAPOLIS. Minn.. July I**.—Woe.,:
87%®87%e; September. 88%@89%e; December!
82%#£82%C. Cash—No. 1 bard. 91%o; No. 1
northern. 39%090% c: No. 2 northern 57% 8
88% c; No. 2 hard Montana. 86%.-; No. 3 wheat
85%4j86%e.
Flour—Unchanged.
Bran—pnrsangrd
Corn —No. 5 yellow. 581<.*350c.
Oats -No. 3 white. 37 037% c.
Rye—No. 2. 56358 c.
Barley—42os4c.
Flax—sl.s6'i 01.37%.
Duluth Linseed
DULUTH. Minn.. July m Linseed 31 M
July. $1.86% hid: September. $1 :?9% bid- Oc
tober. $1.39%; November. $1.40%; December,
$1.37%.
New York < ofTee Market
NEW YORK. July Tv The ...free mM r K , n
opened at a decline of 5 t.. in points In re
sponse to disappointing European cables today.
but quickly rallied on covering or trade huring'
Closing prices were off fr..ni the best under
. realizing with late the months relatively weak
and with the market net 3 points lower to 8
points higher.
Spot steady; Rio No. 7, 9%0 : Santos No 4
HVjc. Mild, dull: Cordova, 130>16%« nominal'
COFFEE FUTURES
Option— Open High Ix>w Close
«U> 0.38 c ft.44c 0.35 c 8 ROc
A'IKUSt S^SOr
Heptenther 8.85e ft.osc s «",<• s <>tc
£?J*** Olnie
November 9 no,,
December 9.0x0 0.220 9 05c 0 i'te
.' tilOc
1 ebruary „- t
Marea 0.21 c O.ioc B*2o* a'»oI!
'April — Q »J;
**f£ 9 ""' le »-30 c 0.30 c ».38c
JJune _ „_
* Salca. 60.7W bags. ,w,< -'

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