davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1910-05-15
Loans. Excbanre and silver
STOCK MARKET

There were three active stocks on the stock
and bond exchange yesterday-Oro water. light
and power, which advanced from SG2 to Sli3:
City electric, which rose 81 to $500 and
California wine, which advanced from S27 GO Il
to $50 The advance in the latter was pre-
sumaby due to the report that the directors
of the wine association are considering the adj
visibility of issuing preferred stock the pro-
eeeds of which would put the company In good
shape and avoid the necessity for lcvying an
other assessment.
1t was another very weak day for the Com
stocks, most of them declining under pronounced
selling pressure The buying feeble. Ophir
declined from SLIP to sl.o7. Mexican from
$1.07 TO Soc and Consolidated Virginia from
81 II to 94c Hale d Norcross. however, was
higher at Soc. and Seq. Becher at 21c The
leaders were generally active under the decline
The general list of the southern Nevadas was
quiet. though there several active stocks
notably Nevada Hills. which advanced from 5sc
to Csc. and Jim Butler, which to 30c Tono-
pah of Nevada declined from SIS. 75 TO SIS. 30.
The Combination Fraction mine has resum ed
the shipment of to the Nevada -Goldfeld re-
duction works, where milling will be resumed
when sufficient stopping ground has been opened
up in the mine TO keep np steady supply for
the mill.
At the annual meeting of the stock holders of
the Home telephone company of San Francisco
The San Francisco call., 1910-05-15
Foreign Futures
LIVERPOOL.
CHICAGO BOARD OF TRADE
Future Grain and Provisions

CHICAGO, May 14.-Excellent rains in north
ern Texas and Oklahoma today refreshed the
ripening wheat and incidentally helped revive the
drooping courage Of the bears in the Chicago
wheat pit. Nevertheless il largely a wait
ing game for the spectators The close for the
active options was H@2sc OF from last nights
figures. May delivery finished 1c down. Corn
ended k9sc lower and oats 1Sc lower TO Sc
higher. Provisions advanced 10G20c.
The covering by shorts in wheat yesterday was
so heavy and general to leave the market
with little support early. Bulls had backing
further crop damage reports from Kansas and
Illinois. Cash demand also said to be i'm
proving here. On the other hand. the deliveries
at country stations in the northwest were re-
ported to be increasing and are about double
those of year ago. kilograms from Nebraska
asserted that the condition Of wheat in that
state improved went westward Toward
the end of the short session Winnipeg sent news
of export sales of wheat there today. Septem-
Der here sold between S1-01N and $1.02es and
closed steady, sac down. at 81 .02.
With the weather said to be warming in the
corn belt prices in that grain inclined to
sag. The close steady on talk Of frost to
night al low places In Illinois and Indiana.
September finished &c lower at $3.50. No. 2
yellow closed at 63A G64c, with the market
slow.
Oats weak most of the day. but rallied
on purchases credited to the leading longs in
wheat That option finished with NC net gain
at 39Hc
In provisions pork closed 15c to 2Oc higher
and lard and ribs 1Oc to 12iac.
The leading futures ranged follows:
Articles Open. High. Low. Close.
The San Francisco call., 1910-05-15
;
Boston Curb Stocks
,,. BID Ask Bid.
New York Bank Statement

NEW YORK. May I4.-The statement of clear
ing house banks for the week shows that tho
banks hold T.l04 $50 more than the reouire.
fnentsf OF the % per cent reserve rule Tits IS
an Increase Of $6,S32.425 in the proportiorafss
cash reserve as compared with last week The
statement is as follows: A
Loans. $6, So. 462. 700: decrease $40. 736 600
Deposits, $l,166. 073. 600; decrease 81 2(l5 700
Circulation SAT 500. 300; decrease S25S 7o1 =
Legal tenders. $66 402 900: decrease S3S ION
Specie, $242. 300: increase. 81 $50 lGa
Reserve, $30S. .623. 200: increase 81 53I 600
Reserve required S291, ,5ls. $50; decrease
81 sol. 525.
Surplus. SIT I049 $50: increase. sc. as2. 4os
crease, Sc, 1886. 800 "
The percentage Of actual reserve Of the clear
ing house banks today was 26.9l
The statement of banks and trust comma mics
of Greater New York not reporting to the clear
ing house shows:
Loans. $1.176, ,O29 500; decrease. sc. .047 so6
Specie. SIZE. .335. 400: decrease 81 0l3 900
Legal tenders $21, ,S31 700: Increase Ssoa 500
Total deposits, 81, ,2S2, ,633 600; decrease' Sill.
6S1. 500. go
The Financier viii say: The effect of a duh
and lquidating stock market was revealed in fhe
decrease Of $l4 467 900 in loans reported l,y fhe
New York clearing house banks on Safurdav
The cash held by the banks rose s677g. 70l
owing to heavier receipts from the inter:of: AMI
as deposits decreased S9.695.s00 the can reserve
The San Francisco call., 1910-05-15
GRAIN MARKET
Wheat and other Grain.


Wheat-The worlds shipments for the week
were as follows, in quarters: Russian, 4Is.OOO;
Danubian, $4,000: Argentine, 10000; Indian,
Ga 600: Australian. fl 600
The local market is steady, there is more de-
mand than there week ago, and the stu
alton is in better shape.
CASH WHEAT
California club. $1.52& al .571a Sonora,
81 5@1 7213; Propo and white Australian.
81 .60d1 671a northern club. 81. 52i5 al. STA !;
Russian red, s1.4Sa. al 52a; turkey red,
81. 52l2 d1.57I2; bluestem. sf.60d1 .65.
No quotations.
Barley Both futures and the cash grain were
higher yesterday. as will be seen.
CASH BARLEY
No. | feed. 81. 1001. 121a: of grades, 81 OF y
M10It3 per ctl extra choice. $1.13A brewing.
S1.15@1-1I1a shipping lots, $1.1J@l1I1Si che
valier nominal.
FUTURES
10 m. Session
December 81 o9ls 81 ioE Sf.oos si-1ols
oats-There is nothing new to report in this
quiet market.
Red. s.. 25@1;s71s;. black. nominal; gray.
fair 10 No. l.
Corn-Western states yellow. in bulk San
Francisco track. S1.62d1.65; white. sizes a
1.67; mixed. $1.57Is a so: sacked prices. TIC
higher; white Egyptian, 81 .52E 91.5T1s brown
do. 81. 30@1.40 per ctl.
Rye-S1. T0H1. so per ctl
The San Francisco call., 1910-05-15
SUMMARY OF
THE MARKETS

New York stocks about the same.
COppers higher and cotton lower.
Local securities active.
Comstock shares continue to de-
cline.
Oil stocks dull.
Local bank clearings gain Is per
cent.
HOngkong and sterling exchange
lower.
Silver quotation advanced.
Wheat and oats unchanged.
Barley market a fraction higher.
Pink beans advanced. Hay dull.
Live and dressed meats unchanged.
Motor gasoline lie higher.
Butter higher. Cheese lower. Eggs
firm.
Vegetables active.
Old potatoes and onions dull.
Strawberries arriving heavily.
Apples and citrus fruits active.
Poultry market quiet.
The San Francisco call., 1910-05-15

IRREGULA DAY
IN WALL STREET

NEW YORK, May 14.-There was
no essential change in the duh
character of today's stock market
from that of yesterday. The
London stock market was closed,
to remain so and to be followed
by the European exchanges Mon
day in observance of the Whit
suntide holiday. The funeral of
the late king of England will
constitute a further interruption
next week in London and this
prospect has its usual effect of
discoura ging speculative activity.
The clause of the railroad bill
which is not along the lines ex-
pected had no influence in prompt
ing new market action. The ad-
vance in the Canadian group con-
tinued, with no news to account
for it. The report of the sale of
the Clark copper properties in
Montana TO the Amalgamated
copper interests was of strength
ening effect on the stock of the
latter company.
The dull stock market is attrib-
uted largely to the conservative
views of banking interests regard
ing the credit position throughout
the country. 1t was reported that
the expanded loan position of
banks was receiving growing at
tention from the authorities at
Washington on account of what
is called the methods of evasion
of the national banking act pur-
sued by the national banks.
1t is pointed out that many
organizations of state banks and
trust companies controlled by the
same directors or stock holders
as a national bank have been al
lowed to take over the deposits of
the national banks to be lent in
land purchases and mortgages on
land bought at high prices.
1t is complained that sellers of
land at these high prices have
emigrated to take up the cheaper
lands in Canada in large tracts,
taking with them the proceeds of
the home sales and thus drawing
down the reserve resources of the
western banks. The crop pros
poets are watched with increased
solicitude on account of the reli-
ance upon the harvests to meet
the Indebtedness thus involved.
The local money position is af-
fected by the question of the
policy to be pursued by the Bank
of England in face of the added
control Of the exchange implied by
New York's large sales of securi-
ties in France.
Foreign exchange rates on New
York and the private discount
rate in London rose again today.
The bank statement proved very
strong, the substantial loan reduc-
ton by both the clearing house
banks and the other institutions
with a heavy gain in cash joining
to swell the surplus figures.
The stock market ended with
an irregular tone and with only
trivial net changes in prices for
the most part.
Bonds We're firm. Total sales,
par value, s796, 900.
United States SIS have declined
4 per cent in the bid price on call
this week.
The San Francisco call., 1910-05-15
OIL STOCKS

The oil stocks dull yesterday with no
features of note. W. X. advanced to S3. 30,
buyer 20 and Paraftine to $1.15. white New
Penlfsylvan lower at poe. The recent ac-
tiyity in the latter stock is said to be due to
the Caf canyon well nearing completion
The Coaiinga Central oil company expects to
complete wells No. and No. 4 within two
weeks. the first Two wells producing some j 1000
barre.s per month. Plans are matured for drill
ing seven wells additional to the foregoing this
yea.
Maria field. according to official reports amount-
ed to 99.2S3 barrels. and since then il has been
increased until during 1909 the production for
the year amounted to the great total of
9.u0G. .0Go barrels.
The following table shows the production OBJ
tanned in the Santa Maria field since its dis
The San Francisco call., 1910-05-15

directors were reelected as follows
=. ~ .. Marshall. S. G. McMeen, Mark L. Gers
Te, LIZ, T. , Beedy, Frank NJ. Brown, Robert n.
TICK and G. B. Ocheltree
me directors organized later by re-elect1ng
orncers, to wit: E. J. Marshall PRESIDENT 5.
u. McMeen, vice president; G. B. Ocheltree,
secretary, and John Won LEW, treasurer.
Early subscribers were promised free service
until at least 1000 telephones were installed in
this city The company did not commence
charging for service until April /, at which time
70 uo0 Instruments had been installed Secretary
ocheitree states that the number of instruments
now IN use is 20 per cent more than on the
nrst OF April, and the list is rapidly increasing.
In the near future the Home telephone com
pany of Oakland will be consolidated with the
Home telephone company of San FRANCISCO, the
interests being Identical
Caledonia mining company has levied an
assessment of 10c.
The San Francisco call., 1910-05-15

Although tie actual proved territory extends
over an area seven miles from east To west aud
four miles from north 10 south, and there has
probably never been we'll carried to the proper
depth which has proved dry hole, the entire
production of the field has come from less than
limited number of wells whose average produc
tion would probably exceed 500 barrels day
There no two completed wells in the entire
field within 800 feet of each other, and the aver
age distance is much greater.
Among the big operators in the Ncwhall field
is the STANDARD oil company, while fully dozen
independent companies actively engaged in
the production of oil. The outlay of the Standard
corporation in the field for the present year Is
estimated at more than So, 900, 600.
California Midway well No. l is flowing 10C,
barrels a day. 1t jumped from 500 to 1 So
when the circulation tube was sunk 60 feet
lower early last week. but that not regular
The 1000 barrel flow gives promise of being
permanent. No attempt will be made at present
to force the yield. Great things are looked for
from well No. ., which is down .64o feet with
1212 inch casing This will be continued to / 500
The San Francisco call., 1910-05-15

were the principal traders on the oil stock e1-
change today.
California Midway was in demand
Mexican petroleum issues were the most active
of the higher priced stocks The market for
the common stock closed firm at $27-S7l3-
California Midway sold around STA cents.
Cleveland oil was quoted at 42% cents, and
Coalinga Central at 56 cents.
Mexican petroleum preferred sold at $6S-
Oleum was listless at SA cents
The San Francisco call., 1910-05-15
Egg Market In Nearby Counties
Special Dispatch to The Call

PETALUMA May 14.-After the receipt Of
quotations from the San Francisco dairy ex-
change. the Petaluma egg exchange paid %
cents for first grade today Independent deal
ers and spectators paid "a cents and 20 cents
according to grade. Receipts were average The
demand is good.
SANTA CRUZ. May 14.-There was heavy
marketing of eggs today, merchants paying %
cents. Output is good.
The San Francisco call., 1910-05-15
Northern wheat Market

TACOMA May Notwithstanding, blue
stem. soc: club. ,s5c. Export bluestem, S9GSOc;
club, S50i S6c.
SEATTLE. May 14.-MilIing quotations: Blue
stem 9Oc 40-fold. SSc; club SIC; hfe. SIC; red
Russian S5c Export: Buestem, SIC; 40-fOld.
soc; club S4c; fife. Sic; red Russian, S2e. Yes
terday.s ear receipts: Wheat. is cars; oats,
] car.
PORTLAND May 14,-Wheat track prices
Club. S4ms5c; bIuestem. SIGSSc; red Russian.
S3MS4c; turkey red. SEC: valley, Soc. Car re-
ceipts: Wheat, 4 cars; barley, 1 car; oats. Z
cars
The San Francisco call., 1910-05-15
Now York MONEY Market

NEW YORK. May 14.-Money on call, nomi-
nal.
Time loans, easier; 90 days and 30 days.
4 per cent; months, 4d4A
Prime mercantile paper, 415d5 per cent.
Sterling exchange firm. with actual business
in bankers bills at S4. S350M4.S4 for GO day
bills and at $4 $685. for demand.
Commercial bills, $4.s3A d4.S3%.
Bar silver. 54c
Mexican dollars. 44c.
Government bonds, steady; railroad bonds
firm
The San Francisco call., 1910-05-15
OVEMENT OF PRODUCE
New York Grain Market

NEW YORK. May 14.-Flour dull. without
transactions. Spring patents. S5.35G5.65: win
ter patents So 51005.50: winter extras. No. I.
81 16n $50: Kansas straights. $4.90d5; winter
straights s4S5d4.95; spring clears, s4256
go; winter extras. No. Q $S.15M4 Receipts,
- tlS4 barrels: shipments. S.015 barrels
Wheat-Easy. No. red. $1-16 nominal
G l. f.: No. l northern. $1.211s nominal (. o. b.
Options-Wheat was easier under selling by
commission houses on the prospects of better
weather poor cash and export demand and the
belief that shorts were about eVened up, closing
4 a lac net lower. May closed at Sill, July at
81 Liz, September at S10s1s. Receipts, 1920
hISh
The San Francisco call., 1910-05-15
IFtL - -D5I tIIVN JdckeL
NaNr York Curh SfOcir
BOston Copper Stocks

BOSTON, May 14.-North Butte mining com
pany has decided to issue 10. 600 share af treas
ury stock (the authorized issue is COO 600 shares
100000 shares being outstanding) for the
purchase of the CrOesus claim, which lies he
tween the Berlin and the Jessie large own
ershp in this claim has been held by the COM
pany for some time
Inc management intends hereafter to give
greater publicity to its affairs and information
pertaining to earnings and the progress of de-
yelopment work viii be given out from time to
time. but at specific periods
The following list is furnished by E. f. Hut
The San Francisco call., 1910-05-15
Deciduous and Citrus Fruit.

There were continued heavy arrivals OF straw
berries yesterday. receipts up to the middle OF
the forenoon being we'll above l. 200 chests but
the market was in much better shape than at any
time during the week, owing to the extra buying
for Sunday wants Stocks were not only cleaned
up. but values were little stronger. The trade
paid up to So chest for Longworths and 81 for
Malindas. while the Banner berry. favored
variety. sold at $5. Raspberries sold at I2I.s,
15e small basket. while gOoseberrries met with
very slow SALE Cherries were wanted for shin
ment and packed lots sold at a narrower range
Royal Annes were Offering again and sold al
$i15 a drawer Apricots from Winters sold at
S1.50 for 20 pound boxes and 50 for crates An
Piles and citrus fruits moved on well at the old
quotations.
Strawberries -Longworths. S35O@6 per chest:
6Oc.
Gooseberries-40a5O per drawer; in bulk. .4eQ
cherries -75c@sI per box for black and pur
bnIk 7SSae ner n, sor hIset ana ,S5s tor .5,+l
Apples-Fancy 4 tier fruit, $1.1O@ 1.35 per
box; other fancy. socSs1.15; common to choice
Citrus Fruits ger gsy se9'mN.ssl % - s oranges So
box: grapefruit. ST. 5oes for seedless lemons Ps'
So. 75d4 for fancy, $2G3 for choice and 81 230t
Tropical Fruits-BanaItas. 75cas1 25 per bunch
for Hawaiian and 81 50G3 for Central American.
pineapples. s2Q2.5o per Dozen
Dried Fruits. RaIsins, Nuts and Honey
Fruits-Evaporated apples. 81 97Hc; apricots.
SIC: mcorpark. 9as5sc; peaches 5Ss5y1i ~ Q
1910 crop, future delivery, J45Ac; prunes' 3Fi
3Ac. with Ae premium for SOS and IL nren,i,,T,
for 40s; hgs, 3% 04c; pears. 501Oc.
Raisins--Layers. c1usters-6 crown. 70 5o.
crown. $1-75; crown. 81. %; seeded. 4eS5se Or
dinary layers. crown. 95c; crown. 90c: seed
less sultanas. 2sa d4c. ThompsOn's seedless sI.
@S1sc for unbleached and 61i 0s11c for bieachs,i.
crown. Sc: seedless, 2d2Ac. ~
Nuts-Almonds, nonparefls. 145z@15c: rxr
l441 4141.c, ne plus ultra. 130135%c: Drake 1oic
ollie: languedocs. 1001015e: harlsheH 8Iz 157c3!
walnuts. 13c per ID for No softshelis 81 = -
No do; peeans. l4ls@16c; peanuts. AZ Sa5c:
Honey-Comb. 14G15c for water white and ~
Gl2c per lb for light amber; dark amber. 7Sss,.
extracted. nominal 'Ssoc,
Beeswax-271eG5oc per lb for light and oso
26c for dark -o@
The San Francisco call., 1910-05-15
London Money Market

LONDON. May 1.-THE stock exchange is
closed today.
Bar silver steady. 245sd per ounce
Money, 2lS 62% per cent.
The rate of discount for short and three
months bills is 3ss @31a per cent
Bullion amounting to G5ooo0 was withdrawn
from the Bank of England today for shipment
to Java. India bought ESQ. 900, due June 10.
The San Francisco call., 1910-05-15
LOCAL MARKETS


Cottolene-One half bbl 1Sc; 1alf bbls
123sc; teroe. 12Ac; . tierces. 1850; 5 terces,
12Hc.
Hams and Bacon-The Western meat company
quotes as follows: Hams, 20ta all 1ze; picnic
hams. 14l5c; California hams, 1874 @201ac; extra
fancy bacon, 2Sc; fancy bacon, to S lbs, 2Je;
The San Francisco call., 1910-05-15
Minnennolir Grnin and Produce

81 i0Is: July. S1.101s; September, $i.01A
Cash-No l hard $1.13%; No. l northern.
81 111h Gibbs; No. northern, $1.0o1s s@1.11
No. , northern. 81 .06b GLOSS.
Corn-No. 3 yellow 5Sl2 "a 59c.
Oats-No. white. 400 41c.
Rxe-No. Q. 70673I2c.
Flax closed at $2.2J.
The San Francisco call., 1910-05-15
Dried Fruits. RaIsins, Nuts and Hone,
Poultry and (.ame

As usual on Saturday there was verv ettsr. =,
anything In the poultry line received and orsr-
ings consisted chiefly OF held over lots of or,li.
nary mems ana small broilers. for which there was
The San Francisco call., 1910-05-15
Portland Butter Market
Potatoes, Onions and Vegetables

PORTLAND. May 14-Butter-City and conn
20621c.
The San Francisco call., 1910-05-15
Mining stocks

SAN FRANCISCO STOCK EXCHANGE
Following were the sales the San Francisco
stock aud exchange board yesterday:
COMST0CKS
The San Francisco call., 1910-05-15
Further Decline in ComstOcks
Good Business in Local Stocks

Increased $9,1s7650, making the surplus above
the required 20 per cent minimum, s2l .s27.215.
odtod, Inc ststement taken as whole was i. une1
and trust companies in Greater New York no.
reporting to the New York clearing house showed
a decrease of Sc. 047, 800 in loans a slight de-
crease in cash and contraction of S5,0El 500 in
total deposits
The banks of New York have strengthened
their position very materially during the hast
several weeks, and despite the heavy outward
flow of gold, held at the close of the week a
cash reserve of $26.91 per cent against deposits.
Northern Business
TACOMA. May 14-Clearngs, S735, ,34I; bal
ances. s46,5o9.
SEATTLE. May 14.-Clearings, s2,217yoe
SPOKANE, May 14-Clearings, $729,l16; bal
PORTLAND. May 14-CIearings. Sl,5l9, 172;
Treasury Statement
WASHINGTON, May 1.-THE condition of
the treasury at the beginning of business today
was follows:
Trust funds-Gold coin, 1858. ASS 500; silver
dollars. $490, ,46S, 900; silver dollars of $780,
So. .T2s. .000 silver certificates outstanding, $780,
46S. 600.
General fund-standard silver dollars in gen.
era fund, 81 1,5G7,249 current liabilities SOB
43I $40; working balance in treasury Offices
SIS, Isl POP; in banks to credit of treasurer of
coin. S2l. SIS; minor coin 1853 110; total
balance in general fund. sso3o2,7
j. $ Bache & Co. of New York say: The sup
ply of European money is practically unlimited
and it is eager to avail itself of the income
from our stocks and bonds. Our capital
is not sufficient for the development of en-
terprises. European capital has hesitated only be-
cause of the hostile attitude of law makers
and of forebodings as to the possible interpreta-
tlon Of unwise laws already statute books.
America is the only country whose business prog
ress is not encouraged in every way by the
government. Europeans look with amazement
upon the attitude assumed here.
The clouds of pessimism beginning to roll
away. They have not disappeared by any means
But the bright side of things is being more
and more considered. Strike troubles incident
10 May l were feared. The date has passed with
out them Wages have been and are being raised
all along the line. In the railroad world these
extras are TO be met by raising freight and
other rates. The net result will probably be in
creased earnings. The increases just, outside
of the burden of increased wages.
The prospects Of the crop good for this
season of the year. great crop will make a
great business for 1910. A good crop will make
a large business. This business has got TO be
dope and the doing of 1t will bring activity,
profits and happiness.
The money scare is over. The European
bond sales will turn the tide of adverse foreign
balance and of outfowing metal. In June the
crop of Alaskan gold will surge into the money
market.
We TO have at least one more-1910--
in the list Of prosperous years
The San Francisco call., 1910-05-15
Excbanre Adiournments

NEW YORK. May 14.-Liverpool closed today
and Monday; Antwerp closed today Paris. Ber-
lin and Budapest opened. All foreign markets
will be closed Monday and Paris will be
closed on Tuesday
The San Francisco call., 1910-05-15
Butter. Cheese and Egg.

Business on the exchange sent the price Of ex-
ira butter up nc TO a quotation OF 2Sl2c
pound yesterday and the market ruled firm with
buyers readily paying the advance. which was
due to the operations Of the representative OF
one Of the large meat packing concerns. This
buyer has been trying to buy butter 70 store for
some time, and the large receivers would not
sell him all that he needed he commenced pur-
chasing on the dOor OF the exchange and was
obliged to run the market up to bring stocks out
The egg market closed the week firm, with nearly
all receivers storing more or less. On the
change yesterday 26c. the quotation. was bid for
extras. but there were sales Sellers asked
2Sc. In the cheese market California fancy fats
were 15c lower on a sale at 14c a pound
Sales on the exchange were follows:
Butter-1.2O0 pounds OF cubes and 20 cases OF
extras at 2ec and 10 cases at 2S1ac pound.
.Cheese-25 California fancy fats at t4c a
pound.
Receipts were 11S.TOo pounds OF butter. II 500
pounds Of cheese and ?. $50 cases Of eggs
The following the official quotations estab-
lished on the hoor OF the dairy exchange. Prices
In the street. while governed BY the exchange
quotations. generally range from 15c TO &c
higher, owing to the various charges to be added: