New-York tribune., 1906-04-19
COAST STOCKS TUMBLE,
Earthquake, Coal Strike and Presi-
dents Message the Causes.

me STOCK market opened weak Yesterday on the
iii,''-e1i' p'ospect OF strike in The anthracite
80 iesIons' "hen IN the course of the morning
II became known that tremendous loss of r,roner+v
as We'll Of life, had occurred as q result ~ he
earthquake in San Francisco, the market becanne
oeInorallzed. stocks breaking sharply under heavy
general seAng' much Of which was for Western
account The publication OF the Presidents mes
sage on the so-caled Beef Trust had also an
unsettling effect
The most pronounced declines were in the shares
OF me United Railways Investment Company of
San Francisco. the S25.OOOOOO corporation control
ling the street railway system OF that CITY The
common stock, which had opened at 92 ~ points
down from Tuesdays close, dropped to 64 but re-
covered at the close Z, decline for the day
Of l6i2 points. The preferred declined from S5I5
10 Il and closed with loss OF 10 points at
I012 Southern Pacific declined 2Ss points and
closed rs points under Tuesday, and Atchison
which like Southern Pacific. has extensive terrr.-
nails in San Francisco, suffered a net loss of 2
points. Union Pacific. which controls Southern
Pacific, closed 29s points down
The ''coaers' were all under pressure as the re-
suit OF the strike situation ana the impending
Vestigation OF their relations with another
which is 70 be carried on by the federal Depart
nlent Of Justice, with Mr. Hughes as chief in
ouisitor. Reading lost points the day; New
Jersey Central 713 points a sale Of 100 shares
Lackawsnna -23s. on sales Of 200 shares; Delaware
d Hudson 3. on sales OF 200. and Erie IA
The weakness Of the stocks OF corporations likely
lne coal roads extended by sympathy the general
list, net declines ranging from l TO 3 points being
the rule at the close. The selling during the day,
which was largely OF q speculative sort was so
heavy that ii of the question for the pools
lend much support their respective speciaties
The total sales were about 1,2J0, go shares.
Up 10 late hour yesterday authentic advices
had been received by the local interests identified
With the companies operating in San Francisco.
The power houses Of the United Railroads OF San
Francisco. ed Ev he ITnit Rafl In
vestment Company of San Francisco, are on high
ground outside OF the probable zone OF destruction.
the company would be confined the loss Of trolley
OF Of revenue from trafc while re6uding i 5'1s Wa
going on. on April the stockholders Of the
United Railways Investment Company approved
the purchase OF the Philadelphia company, con-
tfe+ basvr lose ne in,,estr,err cor7r1,,I- $50
suffer in San Francisco, il has continuing revenue
The gas and electric light systems of San Fran
cisco are operated by the San Francisco Gas and
Gas and Electric Corporation. which serves vari-
other cities and towns near San Francisco
being owned by a holding company. the Pacific
Gas and Electric Company. No word has been
received here by the interests controlling these
companies concerning the destruction Of the gas
works, and II was believed that the damage TO the
gas mains. which are OF steel, would be compare
had been heard up TO late in the afternoon about
the fate Of the comPanys : extensive @ and valuable
dispatch 10 reach the Atchson roads offices in this
II SAID that the indications were that the earth
quake movement had been northeasterly in direc-
lion, toward Sacramento and Reno, that fifty
blocks between Kearney street and the bay had
been devastated that the fire was spreading rapid
" and that the latest estimate of the number Of
the dead was 1.100. The dispatch added that the
Company had suffered some unimportant loss by
the collapse Of shops at Point Richmond. near the
city.
Sutro Brothers & Co have telegra phed their San
17~aTcisco correspondent the sum of $1,000 TO be
used for relief OF destitute sufferers and will
ceive and forward any contributions for the same
purpose. ,-
Ranks, commission houses and interests having
San Francisco connections were early inforIned
that the wires to San Francisco were down. and
thar nothing could be got or from the coast
1Tbe Chicago Office OF Logan & Bryan, of NO ~
wall street reported that while its operator was
rscejvine q mass of routine matter this morning
over the Postal wire. this sentence was received:
.rThis building falling down
the wire became silent instantly.
The New York Life Insurance Company received
q message from San Francisco, which said that
It's building III that city was a totaI wreck ana
that the situation graver than hTsL reported