The San Francisco call., 1899-01-01
BEST SERVICE
EVER OFFERED
Three Thousand Miles of Private
Leased Wire to Furnish Eastern
Market Reports.
PERFECT SERVICE ALSO SUP
Piled TO INTERIOR CITIES.

Three thousand miles of wire is a
long stretch but this is the actual dis
tance of wire used by the Western IN
ion Telegraph Company to furnish the
New York stock market to brokers and
dealers in San Francisco. 1t seems
hardly possible for the outside world
to comprehend, nevertheless 1t is fact.
The quotations of prices of the leading
stocks are posted in San Francisco as
soon as they occur in New York. This
is also true of all the changes in mar
ket price of wheat, corn, oats, pork,
etc, traded in on the Chicago Board of
Trade. Thirty seconds after the bell
taps for the opening of the Chicago
Board of Trade the prices are recorded
in San Francisco. 1t is, of course, q
very expensive undertaking, consider
ing the telegraph tolls. Douglas & Co.
of 20 Leidesdorff street are the only
subscribers to the Western Union ser
vice in San Francisco in TINS particu-
lar line. They also have their own
leased wires, used exclusively by their
correspondents at Sacramento, era IS
Valley, Woodland, Stockton, Merced,
Fresno, Hanford, Napa San Jose, Val
lejo and j. S. Purdy, 40 Sutter street.
The several different cities use exclu-
sively the leased wire system of Doug
las & Co
The San Francisco stock market has
for years been stagnant, and stocks
that some years ago were quoted in
the thousands are now selling on an av-
erage of 90 cents per share. Stiu those
same stocks are carried by people
who live in hopes of a revival OF the
mining industry. With poor chances
for an improvement, assessments come
with regularity and are paid by those
who still hope for some change Cor the
better The range in price; dally is
from l cent to % cents, while the range
in prices in New York stocks is from
81 to $6 or SO per share daily.
To illustrate the facility of making a
turn in sugar and tobacco shares, the
man who bought American Sugar on
October 13 at 109. and sold on Decem-
Der 10 at 1854, would be 264 ahead;
that is to say. if he had bought 100
shares he would have made S2625 with
an investment of S10O or on ten shares
he would with an investment of $40,
have cleared 1862 so. Again, American
Tobacco on October 13 was quoted at
118A, and on December 10 at 14214, a
rise of "a points. The investor to the
extent Of $100 in 100 shares would thus
have made $2400 clear profit in two
months, or $240 if he bought ten shares,
investing $40, and held them for the
same period of time.
On December 10 Sugar f1uctuated
nearly 81 per share; American Tobacco
nearly 81. On December 20 Sugar fiuc-
tuated 81 so per share, While Tobacco
changed 81 and on December q both
Of these leaders changed 81 per share
Six months ago st. Paul stock was SELL
ing for sos per share: to-day the same
stock is selling for $118 per share an
advance of $50 per share. Rock Island
stock in the same space of time has ad-
vanced from $95 to Sill. The same can
be said Of all the list, only some stocks
have advanced $50 and $50 per share
1t. of course, does not very often hap
pen that trader can be fortunate
enough to get in on the low point and
out on the high point but for the last
six months it has been possible, and has
occurred where lucky investors have
taken from $50 to $50 per share profit
Douglas & Co, an ld-eStabliShed East
ern house have their office fitted up
with all the facilities necessary for Gus
toners to ascertain the exact prices Of
the leading stocks in New York and
prices on Chicago Board Of Trade The
quotations are posted the instant they
are received over the fast overland
wires Of the Western Union Telegraph
Company. Those interested will find
on inquiry that this firm has financial
standing, and. being established six
teen years in Chicago must necessarily
be successful business house Their
references are the best, and the patrons
of the firm On the coast can satisfy
others who wish to intrust their bust.
ness to this firm.
This firm offer at no time any ad-
vice as to the course of the market.
They merely act as commission brokers
for their clients.