davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1906-12-29
THE COPPER STOCKS

BOSTON. Dec 2s.-The market showed con-
siderable strength throughout the session. not
withstanding the frmness in money. Osceola
was IN good demand soon after opening. advanc-
Ing to LAT ex-dividend. without bringing out
much stock. Quincy was also well bought on
rufnors OF Colc-Ryan control. but such ruuors
lacked confirmation from official circles. The
good coDpers are in request on every slight re-
action. and II the expected In money is
realized after the turn of TIE year operators ex
pect good bull market. There are no signs of
The San Francisco call., 1906-12-29
New York Financial Notes

NEW YORK. Dec. 2s-American stock in
London. firm. London settlement terminates to-
day Steel rail mills did g gross business Of
over 500, ,00O. 600 this year. Past season was
record in lake freights. Foreign money situa-
ton rapidly improving. Heavy snowstorms in
December affected Canadian Pacific earnings.
The San Francisco call., 1906-12-29
Butter, Cheese and Eggs

CHICAGO, Dec. 2S.-On the Produce Ex-
change today the butter market was steady !;
creameries 22@31c; dairies 20@27c. Eggs,
steady at mark cases included. 21@24c; frsts,
24c; prime hrsts, 26c; extras, 2Sc. Cheese,
steady, 13@14c.
The San Francisco call., 1906-12-29
Condition of the Treasury

WASHINGTON. Dec. 2S.-Today's statement
of the treasury balances in the general funds:
Available cash balances. S235 629, OBS; gold coin
and bullion, $102 935, ,404; gold certificates $780,
$50, 050.
The San Francisco call., 1906-12-29
Government Purchases silver
New York stocL Market

WASHINGTON, Dec. 2S.-The Director of the
Mint has purchased 100. 600 ounces Of silver for
delivery at 70.l5s cents per fine ounce.
The San Francisco call., 1906-12-29

compiled by Bradstreet shows the bank clear
ings at the principal cities for the week ended
december 21, with the percentage OF increase
and decrease, as compared with the corre-
spending week last year:
The San Francisco call., 1906-12-29
Deciduous and Citru. Fruit,

Conditions in the fruit market remained exact
~ the same as on the preceding day and with
stocks Of everything well up to requirements
prices Tor all descriptions unchanged.
Oranges were still the leading feature. and
stocks OF Navels were steadily decreasing hut
there was no disposition TO advance prices Me-
dunn ,a priced Apples sold off fairly, while costly
lois OF fancy stock were neglected by most buy
ers Tangerines, Grape Fruit and Lines were
dull. while the Lemon market was rather slen-
derly supplied and firm. particularly for the up-
per grades Tropical fruits were without quot
NEUTRALITY-SUSPICIOUS. So 5o@1o per bbl
APPLES-Fancy. 81 .35@1.5 so per box for New
town Pippins, S1.T5612 25 for Spftzenbergs: ST %
g CLEO for other red varieties and S1@1.25 for
bellhoWers; common to choice 50ens1 per box:
Christmas Apples, S1.75@2.50 per box.
.,PEARS-.Winter Neis. s1.75@2 per box;
other varieties s1@l. 25 per box
PERSIMNfONS-15cMS 81 per box
CITRUS FRUITS-Per box: Navel Oranges
S250@3 for fancy; s1.75@2 for choice and
Sl@150 for standards: Seedlings. sIMI .25; Tan
gerines. halves. 81 .25: quarters 75ce1 81: Lem
ons, S2@3 so for choice and fancy. and 81 251
Loo for standard; Grape Fruit S2a3 80; Lines
So 5064. I'm
TROPICAL FRUITS-Bananas sfMo per
bunch for Hawaiian and s203 for Central Amer
ican; Pineapples, s3@5 per dozen
The San Francisco call., 1906-12-29

stocks continue light and it is as well. for very
little IS wanted in the city market just now.
California small round Yellow, S1.55 asked;
other California kinds nominal; Western State.
saeked-Yellow, 81. .30@l3 So. White. 81 .3o9l1 50:
mixed. $I271a; White Egyptian, $1.25; Brown
Egyptian. $1.l21h@115
:. M e California, 81. .42h @1.45 per ctl; Utah.
The San Francisco call., 1906-12-29
Northern Wheat Market

OREGON
PORTLAND. Dec. 2s.-wHEAT-Club. SEC;
bluestem, Csc; valley. Csc: red 63c.
WASHINGTON
TACOMA. Dec. 2s.-WHEAT - Unchanged.
Bluestem, 6sc; club SEC; red, 64c.
The San Francisco call., 1906-12-29
hide. Tallor. wool and Hops

f-barrels csc; one tierce. s1bc; two tierces,
9Hc; five tierces. 9Ac-
The San Francisco call., 1906-12-29
st. Loui. yvcoI Nf.rk.t

ST. LOUIS, Dec 2s.-wooI-steady Me-
dunn grades, combfng and clothing, 211 M2Se; :;
light fine 19!A @22c; heavy fine 15@17c; tub
The San Francisco call., 1906-12-29
SALES
Morning Session
20 wsIls Fargo Nevada Nat Bank .a17. 50
California stock and OH Exchange
Mining Stocks
EXCHANGE
COMSIOChS

SAN FRANCISCO STOCK EXCHANGE
Following were the sales on the San Francisco
Stock and Exchange Board yesterday:
The San Francisco call., 1906-12-29

Total Canada..s 72, ,625 ,99i 22.5 49,.
"Balances paid IN cash.
A*Not included in totals. Comparisons In
complete.
other items than clearings
The San Francisco call., 1906-12-29
London Closing Stock,

Bar silver-Steady: 32ssd per ounce.
Money--5d6 per cent
The rate of discount in the omen market for
short bills is SIS d6 per cent and for three
months bills 57z per cent
The San Francisco call., 1906-12-29
LOCAL MARKET
Exchange and Bullion

The Nippon Maru took out treasure list Of
$4,000 In Mexican Dollars for Hongkong.
The Sonona took out S25, 900 in Gold Coin for
The San Francisco call., 1906-12-29
Provisions

The market stil wears holiday aspect and
all quotations remain unchanged.
CURED MEATs.Bacon, 141sc. per ID. for
1870 for extra light and 20@21c for sugar
cured Dry Salt Hides. 191ae: Bellies, lac; East
ern sugar-cured Hams. l7@1715c; California
Hams. 161sc Mess Beef. 50 per Dbl; extra
Mess. $3.50; Family. $40; Prime Mess Pork,
$16.50: extra clear. $23 Mess. SO; Pig Pork.
LARD-Tierces quoted at Sc for California
compound, e5se for Eastern compound, and 1IAc
l2Hc; 5-lb tins, 12Hc; s-lb tins. 12Nc.
COTTOLENE-0n half barrel. 9Xc: three
The San Francisco call., 1906-12-29
Dried Frults. Nuts. Ra,slns and Honex

FRUITS-Apricots, 15@1sc per lb: Eyaporat-
ed Apples. spot. s& @shc; Peaches. Io@ise;
heaEs' hsss e. asala1ae; Figs nominal Prunes 4size
RAISINS-Seeded. 1a0lIoc. Loose Afuscatels
&C., 7l2c and Sc for 2. and crown respect.
svely; Seedless Sultanas. 7c; Thompson Seedless
nc for unbleached: London Layers, 3-crown
81 es; London Layers 2crown 81 rs; Clusters
SO 80 for Imperial. So for Dehesa and So so for
fancy.
NUTS-Almonds Nonpareils. 17E@1sEc; x
+ 16l@@1Sc; Ne Plus Ultra. 16@17c; brakes,
1917 @145ac: Languedoes. 131x @14c: hardsheIi
9@l0c. Walnuts, jobbing prices-soft she'll
15@16c for No. l and 12@13c for No. q hard
shell. 14c for No. and lie for No. 2: italian
Chestnuts. 11@12Hc per ID.
HONEy-f6@17c per ID for bright comb and
l3@l5c for amber: do extracted. 65@TEc for
The San Francisco call., 1906-12-29

Leeks. dog bnchs.-@15
Mushrooms. ID. 20G 10
Onions. per lb- al y
Okra- per 1b--..-Q20
Potatoes. ID .-2A 4Si9
Do Sweet. lb- a 3
Parsn1ps. doz -.--Q2O
Radishes. dz bnch-@15
Sage, dos bnchs ESQ
String Beans. lb- ago
Summer Squash. lb SOLO
Sprouts. per ID "a 9
Spinach. per H. "a 5
Thyme. dz bnch--q25
Turnips. per doz.-@15
Tomatoes, lb- .s02A
The San Francisco call., 1906-12-29
STOCK AND BOND EXCHANGE

FRIDAY Dec. 2s-fo:So a. m
UNITED STATES BONDS
Bid. Ask. Bid. Ask.
As or COUP IS or cp new. w.129A131h a
is or reg 3s or COUP.
The San Francisco call., 1906-12-29


HIDEs-Culls and brands sell shout u gle
Hdes m laHs foi nea1y snt fsf % sSE
stags, sic; Salted Kip. 1slsc; salted Veal
l5lsc;. saitsd Gait; lIsl5c; dry Hides sse; dry
2O@5Oc each; short Wool. 5o@Ioc each; me-
dium. 7o@soc long Wool. sl@1. so; Horse
n.sss msssn salt ssgss o sf sssf sas sed s;
Horse Hides, dry. s2@225 for large and M 81 30 90
Colts. Deerskins--Dry Mexican. s21z @s5c.; dry.
salted Mexican, 256271zc; dry Central Ameri-
can. 35@371sc. Goatskins-Prime Angoras' @ aSc;
small small 'a:se a5e. ~ s--'' 80 ~ -
.TAILow-No. rendered. Sc; No. 2. 4@
WooI@Fall ciip-san Joaquin and Southern.
Tasc: fall Lambs. slsa1sc: Northern do; =
i5aise per b A for for spring and 11a1zc for Fall
HOPS-California 11@15c; oregon and wash
ington. 11@l5c per lb for 1906
Meat Market
Mutton Is in good supply and be-, 6eeo%ing nI DUH %,t5
quotations unchanged. There is nothing new In
the Hog market DRESSED MEATS
BEEF-6h@7c per lb tor Steers ana o@oAc
vEAL~7@sc for large and s1a@s15c for
small
MUTToN-s@1oc for wethers and sh@shc
LAMB-11@12c per lib for yeariings and i5c
DRESSED HoGs-s@11c per lb.
LIVESTOCK MARKET
The following quotations are for good. sound
livestock, delivered in San Francisco, less 90
per cent shrinkage for Cattle:
CATTLE-Steers. &c per lb for No. and SIC
for No. 2; Cows and Heifers, Sc; No. Cows
41ac; thin Cows. 4e.
CALvESAA @41ac per lb for light; 81 @4c
for medium. and 3@3Hc for heavy gross
sHEEP-wethers 4z@5c per lb: Ewes. Az
@415c fgross weight.
LAMBS-5@51ac per lb.l
HOGS-10O to 200 lbs.' 61s @7c per ID; over
200 lbs 69s @6a4c; Bears 30 per cent, Stags 80
@40 per cent and Sows 10@20 per cent on from
above quotations.
The San Francisco call., 1906-12-29

Rank CIearfngs
NEW YORK. Dec. 2s.-The following table.
The San Francisco call., 1906-12-29
Family Retail Market

Fresh Butter and Eggs are dearer at retail
this week, but the high prices for the latter
are not expected to last long. as the cost at
wholesale is becoming lower and the warm
weather Is favorable to increased production.
The only other noteworthy changes are IN
Poultry At most stores Turkeys are selling at
about the same prices which ruled around
Christmas. and some kinds OF Chickens are
cheaper.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-05

tenn. as l have before indicated to you
l ask your especial attention to this.
Our fellow citizens who dwell on the
shores of Puget Sound with charac-
teristic energy are arranging to hold
in Seattle the Alaska Yukon Pacific
Exposition. Its special aims include
the upbuilding OF Alaska and the de-
velopment of American commerce On
the Pacific Ocean. This exposition. in
its purposes and scope, should appeal
not only to the people of the Pacific
slope, but to the people of the United
States at large. Alaska since it was
bought has yielded TO the Government
eleven millions of dollars of revenue
and has produced nearly three hun
dred millions of dollars in gold. furs
and fish. When properly developed
it will become in large degree a tand
OF homes. The countries bordering
the Pacific Ocean have population
more numerous than that of all the
countries of Europe; their annual for
eign commerce amounts to over three
billions of dollars. of which the share
of the United States is some seven hun
dred millions of dollars. If this trade
Were thoroly understood and pushed
by our manufacturers and producers.
the Industries not only of the Pacific
slope, but of all our country, and
particularly of our cotton growing
States, would be greatly benefited OF
course, in order TO get these bene-
fits, we must tTeat fairly the coun-
tries with which we trade.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-05
Enact Inheritance
AndInCOn7e TaXLaW

The question Of taxation is difficult
in any country, but it is especially diff
fcuIt in ours, with its Federal system
of government. Some taxes should on
every ground be levied in a small dis
trict for use in that district. Thus the
taxation Of real estate is peculiarly one
for the immediate locality in which the
real estate is found. Again, there is
no more legitimate tax for any State
than g. tax on the franchises conferred
by that State upon street railroads and
similar corporations which operate
wholly within the State boundaries,
sometimes in one and sometimes in sew
era municipalities or other minor divi-
81 rs OF the State But there are many
kihds OF taxes which can only be levied
by the general Government so as to
produce the best results, because,
among other reasons, the attempt to
impose them IN one particular State too
often results merely in driving the cor
poratiOn or individual affected TO some
other locality or other State The Ma
tional Government has long derived its
chief revenue from a tariff on imports
and from an internal or excise tax. In
addition to these there is every reason
why. when next our system of taxa
ton is revised, the National Govern
rnent should impose a graduated inner
itance tax, and. if possible, graduated
income tax. The man Of great wealth
owes q peculiar obligation to the State,
because he derives special advantages
from the mere existence OF government.
Not only should he recognize this obli-
cation in the way he leads his daily
life and in the way he earns and spends
his money. but il should also be recog-
nized- by the way in which he pays for
the protection the State gives him. On
the one hand. il is desirable that he
should assume his full and proper
share Of the burden Of taxation; on the
other hand, il is quite as necessary
that IN this kind Of taxation, where the
men who vote the tax pay but little Of
Il. there should be clear recognition Of
the danger of inaugurating any such
system save IN a spirit Of entire JUS
tice and moderation
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-05
Eulogizes japanese

But fifty years ago Japan's develop
ment was still that of the middle ages.
During that fifty years the progress of
the country in every walk in life has
been marvel to mankind. and she now
stands as one of the greatest of civil
lied nations; great in the arts of war
and in the arts of peace; great in mill
tary, in industrial, in artistic develop
ment and achievement. Japanese SOL
diers and sailors have shown them
selves equal in combat to any of whom
history makes note. She has produc ed
great generals and mighty admiraIs
her fighting men, afloat and ashore,
show all the heroic courage, the UNI
questioning. unfaltering loyalty, the
splendid indifference to hardship and
death, which marked the loyal Ronfns
and they show also that they possess
the highest ideal of patriotism. Japa-
nese artists of every kind see their
products eagerly sought for in all
lands. The industrial and commercial
development of Japan has been phe-
acknowledgement than that of any 9TH
er country during the same period At
the same time the advance in science
and philosophy is no less marked The
admirable management of the Japanese
Red Cross during the late war, the
efficiency and humanity of the Japanese
officials, nurses and doctors, won the
respectful admiration OF all acquainted
with the facts.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-05
Orderly Elections
The Test in Cuba

Last August an instruction broke
out in Cuba which it speedily grew
evident that the existing Cuban gov
einIaent was powerless 10 quell. This
Govern ment was repeatedly asked by
the then Cuban Government to inter-
,-ne. and finallv was nOtt:iesl By the
President Of C1iba thas ne intended to
resign: that his decision was ire.
vocable; that none OF the other con-
stitutional officers would consent 20
carry on the Government. and that he
was powerless to maintain order. &c
was evident that chaos was impending
and there was every probability that
IL steps were not Immediately taken
by this Government to try to restore
order, the representatives of various
European nations in the island would
apply to their respective governments
for armed Intervention in order to pro-
tect the lives and property of their
citizens. Thanks to the preparedness
of our navy, I was able Immediately
to send enough ships to Cuba 70 pre-
vent the situation from becoming
hopeless; and I furthermore dispatched
to Cuba the Secretary OF War and the
Assistant Secretary OF State. in order
that they might grapple with the sit
uation on the ground All efforts to
secure an agreement between the con-
tending factions. by which they should
themselves come to an amicable un-
Outstanding and settle upon some mo-
aus operandi-some provisional gov
eminent OF their own-failed- Finally
the President Of the Republic resigned.
The quorum OF Congress assembled
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-05
Encourage American
Shipping Interests

Let me once again call the attention
of Congress to two subjects concern
ing which / have frequently before
with them. One is the
question of developing American ship
ping. / trust that law embodying
in substance the views, or a major
part of the views. exprest in the re-
port on this subject laid before the
House at its last session will be past.
1 am we'll aware that in former years
Objectionable measures have been pro-
posed in reference to the encourage
ment of American shipping: but 1t
seems to me that the proposed meas
ure is as nearly unobjectionable as
any can be. 1t will of course benefit
primarily our seaboard States. such
as Maine, Louisiana and Washington;
but what benefits part of our people
In the end benefits all; just as Gov
eminent aid to irrigation and forestry
in the West is really of benefit, not
only to the Rocky Mountain States
but to all our country. If it prove
impracticable to enact a law for the
encouragement of shipping generally,
then at least provision should be made
for better communication with South
America, notably for fast mail lines
is discreditable to us that our bust
ness people, for lack of direct com
in the shape of lines of
steamers with South America, should
in that great sister continent be al a
compared to the bust
ness people of Europe.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-05
Uniform Marriage
And Divorce Laws

1 am we'll aware how difficult 1t is to
pass a constitutional amendment New
ertheless in my judgment the whole
question of marriage and divorce
should be relegated TO the authority of
the National Congress. At present the
wide differences in the laws of the diff
ferent States on this subject result in
scandals and abuses, and surely there
is nothing so vitality essential to the
welfare of the nation, nothing around
which the nation should so bend itself
to throw every safeguard, as the home
life of the average citizen. The change
would be good from every standpoint
In particular it would be good because
it would confer on the Congress the
power to at once deal radically and eff
ficiently with polygamy; and this
should be done whether or not mar
riage and divorce are deal with. 1t is
neither safe nor proper to leave the
question of polygamy to be dealt with
by the several States. Power TO deal
with it should be conferred on the Ma
tional Government.
When home ties are loosened; when
men and women cease to regard a
worthy family life, with all its duties
fully performed. and all Its response
bilities lived up to, as the life best
worth living; then evil days for the
commonwealth are at hand. There are
regions in our land, and classes of
our population, where the birth rate
has sunk below the death rate. Surely
it should need no demonstration to
show that willful sterility is, from the
standpoint of the nation, from the
standpoint of the human race, the one
sin for which the penalty is national
death, a race death: sin for which
there is no atonement sin which is
the more dreadful exactly in proper
ton as the men and women guilty
thereof are IN other respects. in char
acter and bodily and mental powers,
those whom for the sake of the state
it would be well to see the fathers
and mothers of many healthy child
rem, well brought up in homes made
happy by their presence. No man, no
woman, can shirk the primary duties
of life, whether for love of ease and
pleasure, or for any other cause, and
retain his or her self-respect.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-05
Reduce or Remove
Philippine Tariff

I most earnestly hope that the bill to
provide a lower tariff for or else abso-
lutte free trade in Philippine products
will become a law. No harm will come
to any American industry, and while
there will be some small but real ma
terial benefit to the Filipinos, the main
benefit will come by the showing made
as TO our purpose to DO all in our power
for their welfare So far our action in
the Philippines has been abundantly
justified, not mainly, and indeed not
primarily. because of the added dig
nifty it has given us as a nation by
proving that we are capable honorably
and efficiently to bear the international
burdens which mighty people should
bear, but even more because of the
immense benefit that has come to the
people of the Philippine Islands. In
these islands we are steadily introduc
ing both liberty and order to a greater
degree than their people have ever be-
tore known. We have secured justice.
We have provided an efficient police
force and we have put down ladronism.
Only in the islands of Leyte and Samar
is the authority of our Government re-
sisted, and this by wild mountain tribes
under the superstitious inspiration of
fakirs and pseudo-religious leaders
We are constantly increasing the meas
ure of liberty accorded the islanders,
and next spring. if conditions warrant
we shall take a great stride forward
N testing their capacity for self-gov-
eminent by summoning the first Fill
pino legislative assembly, and the way
in which they stand this test will
largely determine whether the self
government thus granted will be in
creased or decreased; for If we have
erred at all in the Philippines 1T has
been in proceeding too rapidly in the
direction of granting a large measure
of self government. We are building
roads. We have, for the Unreasonable
good of the people. arranged for the
building of railroads. Let us also see
to it that they are given free access
to our markets. This nation loves no
more imperative duty to itself and
mankind than the duty of managing
the affairs of all the islands under the
American f1ag-the Philippines, Porto
Rico and Hawaii-so as to make 1T evil
dent that it is in every way to their
advantage that the flag should fly over
them.
The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-05
Nations Currency
Needs Reformation

I especially call your attention to
the second subject, the condition of
our currency laws. The national bank
act has nobly served a great pur-
uose in aiding the enormous business
development of the country; within ten
years there has been an increase in
circulation per capita from $21.41 to
s33.0S. For several years evidence has
been accommodating that additional
of each crop season emphasizes the
defects of the present laws. There
must soon be a revision of them, be-
cause to leave them as they are means
to incur liability of business disaster
Since your body adjourned there has
been a fuctuation in the interest on
call money from per cent to 80 per
cent; and the fuctuation was even
greater during the preceding six
months. The Secretary of the Treas
ury had to step In and by wise action
put stop to the most violent period
of oscillation. Even worse than such
fuctuation is the advance In COM
mercial rates and the uncertainty felt
in the sufficiency of credit even at
high rates. All commercial interests
suffer during each crop period. Ex-
cessive rates for call money in New
York attract money from the interior
BANKS into the speculative field; this
depletes the fund that would other
wise be available for commercial uses,
and commercial borrowers are forced
to pay abnormal rates; so that each
fall tax, in the shape of increased
interest charges, is placed on the whole
commerce of the country.
The mere statement of these facts
shows that our present system is Sc
riousiy defective. There is need of a
change. Unfortunately, however, many
of the proposed changes must be ruled
from consideration because they are
complicated. are not easy of comprez
hension and tend to disturb existing
rights and interests. We must also rule
out any plan which would materially
impair the value of the United States
per cent bonds now pledged to Sc
cure circulation, the issue of which was
made under conditions peculiarly cred
liable to the treasury. / do not press
any special plan. Various plans have
recently been proposed by expert COM
mittees of bankers.