davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1908-05-10
EASTERN MARKETS
NEW YORK STOCK MARKET

NEW YORK May 9Te week closed with animated and buoyant
in
being developed Advantage taken to effect
which led
In Reading and Union Pacific the volume
held
within stocks which
realizing
higher than yesterday the highest of the No definite
further continued busy Much OF
dealt with the anthracite and supposed change OF control OF
Reading denials hold
ing Of that stock The coming Union Pacific bond issue is subject OF
discussion details
terms OF the sudden squirt in Chesapeake and Ohio was
between the railroads and the employees OF
validity.
The
lower London and again circulation that
had collapsed
holdings,
conditions Friday night The
repayment of deposits fell
today The deposit and of specie holdings tods clearing house
ements al figures
Bonds but reflected profit taking low grade issues
value, $370o000 United Is
T.
on call during
The San Francisco call., 1908-05-10
MONEY, STOCKS AND BONDS
Belief I'm Wall Street That the Business

The New York circular of Harris, Winthrop
& Co. for May says:
1T is quite reasonable to EXPECT that already
soou demand for bonds will broaden curing sins
ana mat the investment markets Will soon ue u,
be safely lodged in the hands OF bona ide in
vestors. strong bond market almost In,
vsriaDiy precedes a reviving stock market ana
the steady appreciation In value of high grace e
shnres would seem to be justified by the decided
Improvement In; basic conditions. There are
many indications that the country has turned
the corner In the period of business reactoh
and that the Industrial depression has gone as
far as 1t viii Immediately 20. With good mar
vests, which would seem TO be slndicateu ~
the prevalence of very favorable wearner, anu
the governments high condition estimnte Tor
winter wheat, there ought to be a considerable
peeterment in basic conditions from now on
The sentimental effect OF such support Is very
important at this time and we believe that tne
stock market will shew greater activity ana INA.
the best class of dividend paying shares Which
are bought at this level will disclose large
pronts before the year ends. Within that period
most OF the railroads will show the penenciai
effects of the economies ipracticed since tne
October panic. The real extent of these say
ings has been scarcely realized by the pubiic as
yet. although they have been of enormous advan-
tage TO stock holders. As business improves TINS
situation will be better. understood and we be.
ieve that good results of what has been done
will do mich to enhance values from now ON.
II the harvest should prove bountifull many OF
the securities that have suffered severely through
decreased earnings will gain enormously ana ms MS
betterment will, OF course, advance security
prices.
Although the treasury has recalled $40, 600 600
from the national banks. which VIII have % o, pc
pa Id In this month"; the surrender of these public
deposits will have little effect upon the money
market. This is because the New York banks
have virtually sos, 100000 surplus ana are
really suffering from an embarrassment OF riches
In not being able to lend out adyantageousiy
the loanabe funds at their command Ihe same
situa ton exists in regard TO out OF town banks,
which are usually heavy lenders at New fork
and just unable to find employment Tor
the money that they accustomed 70 loan
on Wall street collateral This condition Oh
extreme case will not last long, however, II the
output of new stocks and bonds continues un-
abated, but the present suppy Of loanable funds
is abundant for all present needs.
The gold outflow TO Germany has been neary
and 1t is not unlikely that the movement VIII
reach. the aggregate shipment OF Si0.ooo.ooo-
The inflow of currency from the interior, how,
ever, is to large extent ofsetting the gold
movement to Europe and the gain from this
quarter Is likely TO keep up
The San Francisco call., 1908-05-10
CHICAGO BOARD OF TRADE
Future Grain aud Provisions

CHICAGO. May a.-Sentlment in the wheat
pit was bearish all day and prices at the close
were almost at the lowest point. The failure
Of European markets to respond 10 any great
extent TO the Sc advance here yesterday was one
Of the chief depressing influences. Throughout
the entire session there was free; selling oy
longs. Several times the market rallied moder-
afeiy on covering by shorts. but an advance
brought out increasing offerings which soon
caused fresh decline. 4 number OF reports
were received telling OF damage by Hessian ny
in Kansas, but they were given but scanty
consideration. ipasmuch as the injury Is generally
believed to be confined largely to small and
scattered tareas. The market closed weak. July
opened u q &c lower at e2a4 @a3 sc, sold at S1ac
and then declined to e2hc. The close was at
e2A AGo2Nc-
The corn market was weak. July opened Is q
&c lower at 644 665, sold on TO 64Hc. where 1t
closed. May ranged between T215c and 14hc.
Trade in oats was dull July opened b@Ae
lower at Az @475sc, sold on to- 417sc aud
closed at 4Iss 4411ac
Provisions were trine weaker early in the
day but rallied little during the last hour.
At the close July pork was unchanged. lard was
215c higher and ribs were shade higher.
The leading futures ranged follows
Articles Open. High. Low. Close
The San Francisco call., 1908-05-10
SUMMARY OF MARKETS

Wall street stocks one or two points higher.
Cotton Il to l8 points higher. Coppers firm
Local bank ceang decrease $50 cent from last year
Silver Long sterling exchange slightly higher
Shipment of S323697 in silver bullion to the orient,
Local stock markets close the week without much feature
Lnseed oil higher Turpentine lower Cocoanut oil higher
Wheat firm at the advance. Barley held higher
Oats, corn, rye and beans unchanged.
Feedstuffs scarce and very firm Hay in good demand
Lumber weak and Irregular with or less cutting.
Summer vegetables supply except asparagus
Old potatoes firm with active demand.
Considerable inferior poultry carried over Sunday.
Demand for fresh fruit particularly strawberries much improved
Oranges weak in sympathy with lower primary markets
Butter higher. Eggs weak. Cheese unchanged.
Provisions, cattle, sheep and hogs unchanged.
Nothing in WOOL hides and hops.
The San Francisco call., 1908-05-10
Weekly Clearing House Statement

NEW YORK. May s.-The steady inflow OF
money into the New York banks today in
6ers Of the New York Clearing house TO the
record figure OF s1.270. .324. 900. This was an
"a the s Ths
OF specie held in these banks also reached new
high record of s3l3 394. 500. and the surplus was
more than per cent in excess Of the rs per
cent reserve rule The aggregate deposits of all
banks and trust companies was 81 l57 lsa 5oo..
The statement shows that the banks hold
p per cent reserve rule. This is an increase
OF $l.53o5T5 In the proportonate cash reserve
as compared with previous account. The state
Loans 81 LOG s42 200 increase s5. .ss7. 900.
Deposits sl,27o, 81. 900. increase $i2 56s 700.
Legal tenders Sos. 100 200 decrease $751; 500.
Specie $s1s,3 ,3o4, 500. increase $5,259, 500.
Reserve 1891 .464, 700. increase s4. 612, 900.
Reserve required 1851 ,225. increase 3d.
Isl. .425.
surplus $50. $50. 475. increase sl.5so,s75.
sa7ol25 - - = e'''.'' s'S'S' ''e'e'
The percentage Of actual reserve of the clear
ing house banks at the close Of business yester-
dap was 50.03.
The statement Of banks and trust companies
OF ter New York not members OF the clear
gregate deposits of 1886 SIS, 800; total cash on
hand 500 ose 800, loans amounting to $s52, 75o,-
600.
The Financier win say: .sThe statement of
the associated bank. Of the city Of New York
for the week ending May showed merely
n continuance OF lue same IdCtOlo WHICH haVc
been influencing the banking situation for a
number OF weeks past The report of the av-
erage condition and the report of the actual
conditions for the week ending Saturday did
not vary in any important sense, and taking
the actual condition showing the real situa-
tion the exhibits reveal an Increase in sur
plus reserves of $6.30l $50, bringing the total
excess reserve above the legal requirements
to $67. .725. The net gain in cash for the
week was So, 262. 400, which was a little less
than had been expected. There was a moderate
expansion OF So, I65. 500 in foans and as re-
suit the loan and cash deposits s1i. .S42, 200.
This Influenced the required reserve by
nearly $4,000. 900, but the dow of cash from,
the interior and the treasury was, stated,
much In excess OF this requirement.
Public deposits In the banks decreased for
the week about $3.50. 900. 1t is to be said
however. that the statement made on Saturday
did not include. the. payments TO be made
by banks into the treasury account of the
withdrawal Of public funds from the former in-
stlutions, and this reduction of from sl3 300 0O0
TO SIS, 600 900 In cash will be shown In the sue
ceeding weeks balance in bank The ajority
OF state bank and trust companies In Greater
New York not reporting TO the New York
clearing house for the week show some very
heavy changes, loans having increased $23. .623,
800 and net deposits $2s.327. 500. The aggre-
gate net deposits of all the banks and trust
companies in New York city now amount ar,-
proximately to $4,000, 900. 600, this being far
the heaviest record
The San Francisco call., 1908-05-10
Butter, Cheese and EgEs

There Was = general advance IN butter yester-
day. business under the call on the exchange
cry goods up from &c to 1lsc a pound The
market. was unsettled at the new quotations.
which, majority Of the trade considered as er-
ratio fictitious and UNIV wzrranted by trade condi-
tions. An urgent demand for creamery hrsts IN
der the call sent the price OF that grade up to
23tzc a pound. 1c. above the parity OF the.
market for extras. and In Conformity with the
rules of the exchange the quotation FOR the lat
ter WAS advanced to 24c. The Dissatisfaction
members that the exchange officials announced
that the portion OF the bylaws covering the
rule enforced yesterday would be amended at
packing stock quoted by mistake at 3Oc. a
pound instead Of zoe. in yesterdays issue
In the egg market extras were unchanged. but
slight advance; Business was only moderately
active and the movement into storage was all
quotat ations for cheese undisturbed.
change:
Butter-10 cases OF extras at 25c 10 cases OF
nrsts at 23c and so at g 1sc pound.
Eggs--l0 cases Of extras at 2015c. 80 cases OF
nrsts at l6isc and 10 at ne dozen
Cheese-50 fancy California fats at i2c and
% fancy Young Americas at 1315c a pound.
Receipts were. $500 lbs butter. $500 lbs
The following are official quotations as estab-
lished By the sales. bids and Offers the floor
Of ,,as the dairy esshsnss &c Prices In the street,
orally range from 111c to &c higher. owing to
the various charges TO be added.
wesS DO asa arn do seconds psr
1rm: No, l packing, stock, zoe. steady; No 2
Id. weak: do nrsts. 12c, hrm: do seconds. 101sc
steady: fancy new Young Americas, 13isc firm I:
do nrsts, lac, arm; fancy New York storage, i8c,
Eggs tper Dozen. cases included &c aiifornia
fresh extras, 201sc, weak; do hrsts fQ1Sc
steady; do seconds, 1916, steady; do thirds. 18c
The San Francisco call., 1908-05-10
The Calls Page Of Cor11r11ercial News

and o1.c for fancy IN 25-pound boxes L o ,
coast The other packers VINO are ~ ne es1 ,,,e-
with quotations on futures aons.o t,Ia~I y go
atoms on July shipment Of Sc Tor stand9lus o73s
f,,- .lore a. FOR extra choice and D5ae Tor Ianey
Z O. b. coast The local trade n showing ~ ~
terest In futures even the lowest prices nainst
being considered 10 be TOO high IN vls- - IA "a
promised bumper crop Spot apricots nave sy,s 20
a little better. owing to the concessions maae ~
holders with view to nyoiolns s SSe
storage charges These began YESTERDAY, aa.,
on fruit that was s,, ne,o cent I'M pound
to carrying charges II the stock Is lete ~ M So.1
storage until the end OF the season, hoidels IA
been willing to split the difference, lnaHn.4
prices on Immediate deliveries that would appear
TO buyers. The concession, however, 80 - - ~
apparent than real since the cost OF ea.IJlns ~
cold storage must be met and Is Simply llans =
ferred from the seller TO the Duyers EXCEPT ~
the few Instances where the latter has an I'M
mediate outlet into consumption Tor tne soOus
purchased The same thing applies 70 Spot
peaches There Is nothing doing IN raislus anu
only moderate jObbing demand for eurrants'
The stock Of oregon Italian prunes OF the 1907
crop left the caast is said not to exceed %
cars. must OF which in the hands OF TWO
Fruits-Aprieots. 12@l4c: evaporated apples.
519g6%c; pears. 71s9Sl3c: peaches. Il3Do13ci
nSs. 2Agse; prunes. 4 size basis S9S'7e per
pound.
Raisins e. o. b. Fresno)-2 crown, 3Ec;
crown, &c; crown. 4944c; seeded, 6Go13cS
seedless sultanas. 415e; 90eg$1 for London lay
and 81 .2501 so for clusters
s-Almonds-Nonpareiis. l5A G141ses lAL.
l3@l4c: ne plus ultra. l21s 913c; brakes. llo
ME Languedocs. 10c: hsrdshells. 1gt13c.
Wslnuts-l3e per ID for No. softshen and lOe
FOR No. do; 12ac for No 1 hardshell and
slzc for No. do; Italian chestnuts. 1ogl27ae
per ID.
Honey-water white. comb. 1s0l7c; white.
Der. TG7t5c; dark amber and candled, 5A9
5%c per ID.
The San Francisco call., 1908-05-10
Potatoes, Onions and Vegetables

With the exception Of asparagus all kinds OF
spring and early summer vegetables we're in ex-
cessiye supply. and. despite an active demand
fol-. local and shipping. prices were weak all
around. the efforts OF receivers to- effect clear
anees OF old stock At low prices weakening
values for fresh arrivals. Offerings of asparagus
were just about sufficient for routine wants and
prices for that article held steady, with few
favored brands even commanding suian pre-
miunas General offerings OF potatoes were
weak. while boxed lots were in good request at
the outside quota tion. At the close OF business
there were large lines OF rhrbarb. peas, string
beans and summer squash still unsold the latter
article having been very slow OK sale all day.
The onion market wns quiet. all shipping or
ders hnd been filed on the preceding day, and
the arrival Of large consignment from Aus
traiia caused general decline In prices Old
potatoes were held In strong hands and ruled
arm, with sellers reporting active market.
Potatoes--Oregon Burbanks. 90c6B$i. 10 per ctl I;
river whites, IocGsl per bag; new potatoes. 4
eB2c per ID.
onions-Austrslisn, s4a4.25 per ctl; Bemu-
das, $l.7512 per crate; new green, $4,000 per
box; new reds, sl.75G2 per sack.
yegetables-Asparagus, Ig1hc per ID for
extra, 5G6c for No. l and 3Gy4c for No. q;
Tomatoes. Mexican. s1.5O62 per crate; cucrm
pers, I5c1u.25 per dozen; green peas. IScGp
VI per sack for ordinary and 81 .25Gg1.35 for
garden; string beans, 497c per ID; summer
squash. 5o9I5c per box: rhubarb. 60cDS per
box; garlic. 1S920c per ID; cabbage. SJa15Oc
per ell; caulinower. 85c9$i per dozen; carrots,
f5c per sack; turnlps. 75c per sack
The San Francisco call., 1908-05-10
hay and Fecdstufrs

Receipts OF hay we're light yesterday. being
only n cars. The demand was good particu-
larry for No. volunteer. Feedstuds ruled arm
at the remarkably high prices
The circular OF Scott Magner says Of hay
Receipts OF hay for the week have been
2,660 tons. Trading has been considerably inter
fered with on account of the festivities con
nected with the coming IN OF the feet The
demand has continued along IN just about fhe
same position as It has been In for several
weeks, and prices have remained fairly steady
throughout.
Reports from various districts appear to he
little conflicting and have caused considerable
difference OF opinion. The hay association is
taking accuunt OF stock OF old hay on hand in
the country warehouses tributary TO San Frsn.
cisco. and It is expected that this Will show
more on hand than at the same period last wear
At various points shippers are. cleaning I'd theIr
barns and warehouses, and 1t may be that more
hay can be expected In during the next Few
weeks from these sources.
Prices on alfalfa hay continue unchanged.
There has not been great dcal OF, arrivals here
Bran--$3243j per ton =
Middlings -$33130 per ton.
Shorts--s33@35 per tom
Feedstufs--Rolied barley. SAL G732: rolled On b.
for feed $34Q35; mixed feed. SIT 76729: oilcake
meal, in 20 ton lots 337 so. In 10 ton lots s3s
ton lots $3.50, smaller lots $39; cocoanut cakes
or meal at mills. $2I In 10 and $3.50 In 5 ron
lots, jobbing. S2s corn meal sa69s7 cracked
ctl: nlfalfa meal and menlfalfa. iobbInr Iots
SIS, carload lots e12 per ton.
Hay-Wheat, S1BGl2Q; wheat and oat- x1a61
10; tame oat,s s196y1T.50; volunteer Wild ~
$i2@15.50; alfalfa, $oG14: stock. ss@I0 per
ton. M
straw-55GBoc per bale.
The San Francisco call., 1908-05-10
New York Grnfn nud Produce

NEW YoRK, May 9.--Flour--Receipts. q .60t
bs55e SCo market st but n
straights, s4.356I4 so Minnesota bakers 81 200t
$50; winter extras. SO 5o@ 4. 10; winter patents
-. 500 4sS0; winter low grades. 50 4e94.
Wheat Receipts 119. 0oe bushels; exports. 40,
goo Spot firm; No: red. S1.0sE elevator and
$l1dA + O.. b. ahoat; No. 2 northern Duluth,
(. Q. b. anoat. Under heavy commission house
selling and better crop news. wheat broke IL
partially Mc lower; May, s1.1oA closed al
$IloA; July, 1.o1M @102, closed at $1.01h;
September S5 Y gD0Ssc, closed at e6xc.
5a5e. 49, - -, -',''V :
-lIides-Firm; Bosota, IKE; Central America
wool--Easy; domestic fleece, 29as asac
Petroleum-Stcady; refined, New York. 81. 75
Philadelphia and Baltimore. $50; do in bulk
sugar-Raw steady; fair refining sssc; cen
trifugal. 90 test. 4.S6c; nolasses sugar 3.61c.
s. Sc NO. ses5as g. 4s5e S50c &c.
No. 10, 4.15c; No. 13. z.IDc; No. IA, 4e5c: con,
fectiOners' A., 5.soc; mold A b.s5c; cut loaf
SsOe sTSsnea euhes e2or powdered 5soc
Corec-The market for futures closed steady
unchanged to 5 points lower. Sales were report
6.1J9e. zoe: December. 6.2oc; March, 825c. spol
Bteady; No. Rio g 5-16c: Santos No 4 sic
Mild quiet: Cordaya, "a 8l2Kc.
Butter-Steady; creameries, specials 256
25i5c; extras. 24Aci thirds to nrsts. 17@24c;
held. common to specials 17@23c; state, com
19c - % - -
Cheese-Steady and UNCHANGED
Eggs-Firm and unchanged
DRIED FRUITS
Eyaporated Apples--rracticalIy nominal In tbs
absence Of business; fancy are quoted at 1oei
choice, slsgoc; prime, TG71ac; common to fair
53z@01ac.
frunes Unchanged. with quotations ransins
from zc TO lac for California and 5Mc to Ioc' fol
Oregon fruit.
Aprcots-Unsettled. with choice quoted al
16c - =
Peaches-DuT and easy, with buyers hoidins
on for lower prices. Choice are quoted at DC;
extra choice, 9tac; fancy. 1p@1015c; extra
fancy. 11G1i1hc.
Raisins--Dull. with loose muscateis quoted al
5@51lc; seeded raisins, 5GSc; London layers
s1.25d1.35.
The San Francisco call., 1908-05-10
LOCAL MARKETS.
sam Francisco Money Market

The only change in local exchange yesterday
was a slight advance in so day sterling Silver
was off 5sc. New York ON Paris was lower.
The Korea took ont a treasure list OF 1928 Se7
the Anglo ifornian. bank to Honskong. $25, 400
In silver bullion shipped by the Hongkong and
Shanghai bank TO Hongkong 1921. 997 in silver
bullion shipped by the International banking cor
porstion to Hongkong or Shanghai and s26, 800 in
silver bullion shipped By the American national
bank to Honxkonx
The San Francisco call., 1908-05-10
box. csc; schlossE.s.. 81 box: o.asanabert. 81 20

box. csc; schlosskase, 81 box; Canaambert. 20
box
Potatoes (per ctD--Fancy highland Burbank.
S0c@$l: choice 90c4S1: fancy Oregon early
rose, S24o-50: local Burbarks. $185: Lompoc.
$1.5Q6p1. .60 new local Burbanks. $50 80: local
yellow sweet potatoes. s3.2 rs; local white sweet
potatoes. s1.75: red sweet potatoes, $175 sack.
Onions-Ohio yellows. out Of MARKET Colorado
red globe. out of market; Bermuda. 81. 75G / 90
per crate. $325G3 $50 per ctl; silver skins.
S3: 90 per 100 lbs: garlic 1Sc.
Beans tper ctl)--Plnk No. /, 81. 5O63 90 /:
lima No. 1. S4.15dl5; Lady Washington No. I.
81 %; small white No. l. $4d 4.25; biackeye s5;
Garvanzas. $3.50; entiis. 1i1sc; chiles. crap
Grated 1091215c.
popcorn--New. $3.50 per 100 lbs.
Pouitry--Bnying prices. alire--B Brothers, i 70
lbs. 25c per 10. fryers, 20622c; roasterB, 1sfB
2oc;, stays. Sc; hens. 3 lbs and up. 13c;s under
lbs. l3c; old ROSTERS &c: turkeys. heavy.
20c: light not wanted. Selling prices, dressed
Broilers. 26c per ID; fryers. 25c roasters. 21c /:
hens, 1J@16c
The San Francisco call., 1908-05-10
Cash Grain and Provisions

CHICAGO, May Cash quotations were as
follows. Flour, steady winter patents, -. 2o@
s5.lo@o.25; do straights. S4Gi.65i bakers, S. 10
G4.1o. No spring wheat, osc @xi;oe; No
yellow 723lc. No. oats &c; No. 8 white.
54H Gr56c. Fair TO choice mailing barley. 6T@
75c No. 1 northwestern. 81 %. Prime timothy
seed, $4.25. Short ribs. sides (loose) S6.ST1a a
7.2J; short clear sides (boxed), s7.374 al. .621a
Mess pork per Dbl, i35oMl3821a. Lard. per
100 lbs $S.45. Whisky, basis of high wines,
The San Francisco call., 1908-05-10

supplies for some time past has been dried
beans, and now the interest Is being directed
to canned baked beans. Buyers are compelled
to seek cheap foodstuffs bJ the great slump In
meats are high such commodities as beans and
salmon hare como prominently to the front as
the most acceptable substitutes"
Beans tper ctIl-Bayos, $3t93 l0:. pea. So. 75da
4; Tsll white, s3.65e5315; large white 50. 65Ge
5.s5; pink, e34S.10;. red $350Gy4; butter. Sal D:
ltmas. S460G4.I5; red kidney, S275@3-2 % :
blackeyes, 81 33e5S. So; horse beans. - T5s
CRANBERRY beans, 50; Garvanzas, $3.T564.
Seeds-Brown mustard, 3Is 6Z3%c. yellow mus
tard. nominal; naxseed. So. carload lots; canary.
&C; alfalfa. lie; rape. cleaned. 21sc; tino-
thy. nominal: hemp, 4Aq4hc; miIlef, 2kG
sac per 10; broom corn seed, s1SG20 per ton.
Dried Poas-Green are quoted at S2.6183 per
et No Niles here.
The San Francisco call., 1908-05-10
Poultr and Came

Receipts OF poultry from state shipping points
were only 26 coops, but the market very
literally supplied with stock previously re-
ceired, the carry over consisting chiefly OF small
and medium sized hens and small broilers- This
small stock moved slowly at weak and uns0s-
tanned prices. while all kinds OF large chickens
found prompt sale nj firm rates. the market being
practically bare OF. such at the close. Quite a
surplus OF undesirable stock had TO be held over.
which was to be expected IN view Of the heavy
supplies brought In to meet the extra require
ments OF the trade during the celebration in
honor OF the feet. Three cars OF western chick
ems were marketed during the week and the ar
rivals of native stock easily averaged zoo coops
day. Three cars OF western stock fall due To-
morrow.
Poultry (per dozen Hens &4a460 for small.
s685.5o for large and s68S for extra; old
roosters. $tG4. 80; young roosters. e75oGs;
do extras. SsG10: frJers, sT9S; large broilers.
$3.50G450:, small broilers. ST. -50G3; ducks.
ssgI for Joung and $4g5 for old; pigeons.
81 .254l. so; squads s2@2.25; geese. $2g2. 50
per pair; EosIings. s2.5oGs per pair; turkeys.
Dame (per dorsn)--Hars. ,l.25: rabbits.
f1.256Li.5o