davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1913-08-24
Local Securities

Business was light on the San Francisco stock
ana BOND exchange yesterday, but the tone wal
s.rong; Hawaiian Commercial and Sugar ad-
We're available at that price Spring Valley
water stock was strong at s55 and Branch Of
California held at $780,
Spring Valley Water As were firm at $s9.5 so
with sales of $4,000. United Railroads As re
mained at $55 621a and California Gas and
Electric unifyfng 5s at S93.25. These were the
principal securities traded In. Listed bonds to
tailed $4,000 and stocks 90 shares.
For Associated OIL stock $4o-25 was bid and
Pies Water 5s; SS5. 62lh for Pacific Gas IS and
500 -t21a for Southern Pacific refunding As.
Sales of 10 shares of Pacific Gas common q.
Sa0-15 was the only transaction in the unlisted
department. General Petroleum was strong
With SIS offered for the stock on the street ant
SOL regularly bid for the bonds, without takers
For Oakland. Antioch and Eastern S6.3Th wal
bid and none available
The Stock and Bond exchange Will be closed
Saturday. August so and on Labor day.
The San Francisco call., 1913-08-24
GAMBLERS SMOKE
OUT THE POLICE
Bender & Ryan Of Phoenix Club
Plan 10 Funligate Their Quar-
ters. but Mooney Laughs

In the battle of wits between Acting
Chief Mooney and Bender & Ryan. man
ayers Of the Phoenix gambling club
in Third street, the gamblers yester-
day announced their latest move.
THE clubrooms need fumisatins." de-
clared Bender. 7 think we will fumi-
gate with sulphur. The police can stay
or get out. don't know how long it
will take to fumigate the place.
Chief Mooney laughed when told OF
Bender'z newest move New search
warrants were obtained yesterday In
the police courts against tho Phoenix
club. a policeman. armed with the
search warrant. is being kept inside
the rooms. technically searching for
gambling implements.
1t was said yesterday that Bender q
Ryan Will reorganize the club under
the laws Of Arizona In the near future.
The San Francisco call., 1913-08-24
BANKERS ON McADoo LOAN

In the current number of the Jour-
nal of the American Bankers Associa-
tion appears the following in reference
to the acceptance of commercial paper
as collateral deposits under the recent
order of the secretary of the treasury:
The report from Washington that Secretary of
the Treasury McAdoo IS about to deposit from
s25 o00 600 TO $50. 600 900 In western and south
ern banks SO to AFFORD ample money for the
coming crop movement, is q recognition Of the
asset currency proposition which was the first
step taken by the currency commission OF the
American Bankers association toward advanced
banking and currency legislation.
IL Is proposed by the secretary OF the treasury,
according to the press report. that national banks
must have at least 40 per cent Of their author
lied circulation in order to receive the benefit Of
these loans, and that the government deposits 50
to be made shall be secured by prime commercial
paper at 65 per cent Of its face value.
Ten years ago speakers at the convention OF
this association who intfmated any such idea. as
asset currency were hissed by members In attend
ance This goes to show that with the present
proposition, with the bills prepared by the cur
rency commission Of the American Bankers asso-
citation, with the socalled "Aldrich bill." which
embodied all Of the best features OF banking In
the world, and with the administration measure
now before congress- bankers and business men
generally have seen q new light and have been
going through period Of financial and economic
education.
The San Francisco call., 1913-08-24

the board Of directors of the Northern
Pacific railway, says he believes the
next issue of bonds by that company
will be available In all denominations.
1T Is not likely that the company
will increase It's Indebtedness In this
way for some time to come, but an
other bond issue will come some time,
and, by the time it does, / feel that the
country will be ready to take up the
securities in small denominations" he
said
'T think that the record of the COM
pany over the last six years has been
remarkable. The number of stock
holders has increased from about $500
before 1907 to more than $4,000 at the
present time"
The San Francisco call., 1913-08-24
Mining Stocks

The stocks of all Nevada mining camps had a
dragging and generally weak market In Bush
street yesterday, and what little activity oc-
CURED in the shares. of the southern districts
was largely OF a weekend evening up character.
North Star was the most active of the prominent
Tonopahs. 1t opened weak at small decline
from Fridays closing level and sustained further
losses at the informal session. The price finally
landed at 76c, a decline of 3 points for the day.
The decline in the market leader had tendency
to depress the other shares OF the group. which
was reflected In recessons In prices for Tonopah
Merger and AIizpah. West End closed with a
show Of steadiness, / .0C0 shares changing hands
at the firm price. Of $1.35.
The Goldfelds as, a group. received little att
tentou from traders though there was some
scattered trading in the lesser issues. Florence
sold at 23c and Merger Mines declined to 12c,
For Consolidated $1s7O was bid. but there was
no stock offering for less than $1.75,
Comstock trade was quiet. Consolidated Virr
ginia was weak and lower at 10c, while the
other northenders closed the week with steady
tone. Mexican had further small sales. at sl.15.
The San Francisco call., 1913-08-24
md MuI..

The following quotations for horses and mule.
are furnished by the Butchers and Stock Grow
erS, Iournal.
The San Francisco call., 1913-08-24
UNLISTED SECURITIES

SALES AUGUST q
10 Pacific Gas & Electric (com).... 20. IS
CLOSING QUOTATIONS
RoNDS Bid Ash
The San Francisco call., 1913-08-24
UNION CONSIDERS STRIKE
Boiler Makers Employed by Spring
Valley May Walk Out

A special meeting to discuss the ad-
visibility Of strike against the Spring
Valley Water company will be held this
afternoon at 2.30, at Fifteenth and Mis-
sion streets, by lodge No. 25 Of the
Boiler Makers union. The union called
eight men off a job at Fifteenth and
Bryant streets Friday afternoon at /
o'clock because, they said. the Spring
Valley was not paying them the $3.50
wage for eight hours as IT has done
heretofore,
The San Francisco call., 1913-08-24
CUSTOMS OFFICERS WOULD
CONTROL GASOLINE BOATS
Recent Accidents to Passenxer
Launches Prompts Appeal By
Los Angeles Authorities

Los ANGELES, Aug IA definite
ruling as to how far they may go In
regulating transportation on gasoline
launches which ply between the south
ern California mainland and Catalina
island has been asked of federal off,
Gals In Washington by customs officers
In Los Angeles.
Heretofore the Los Angeles officers
have followed the ruling by San Fran
cisco officials that gasoline launches
did not come within the scope of fed
eral<regulatfon.
Recent accidents in southern Califor-
MIA waters to launches heavily loaded
with passengers have impelled the ap-
peal to Washington.
The San Francisco call., 1913-08-24
'FoREMAN's BODY FOUND
Victims of Santa Fe Tunnel Cavein
Taken From Debris

TRINIDAD, Colo, Aug. 23.-The body
of E. D. Stansell, the Santa Fe bridge
foreman who, with four OF his men was
killed in a cavein in the old Ration tun-,
mel Wednesday, was recovered today.
The bodies of Fred Fleener and George
Clement, carpenters, are still in the de-
bris Coroner C. NJ. Bayne of Colfax
county, New Mexico, was ready to con-
duct an inquiry into the disaster this
afternoon at Ration.
The San Francisco call., 1913-08-24
.SEPTE EN|bER CORN
DROPS TWO GENTs
Heavy Selling in That Op-
ton Carries Prices Down
ward Despite Bulls


CHICAGO, Aug. 2s-Liquidation of
September corn that in the final trad
ing carried prices of that option down
nearly Q cents was the feature OF the
grain market today. At the close corn
prices were 1zc to INC net lower.
Wheat finished at 8 net decline of hc
to &c, oats were down sac to 1zc and
provisions were unchanged to l7hc
lower.
1 Improvement in the fields since the.
recent rains was the chief bear inf1u-
ence in the corn pit and this was in
screasAds in effectiveness, by estimates:
of a large increase in receipts of cash
corn in this market next week, country
districts heing reported as having large
stocks on hand.
Leading longs began to unload early.
and as the day progressed the volume.
Of the September option. dumped on the
more than the usual free weekend
selling of the other options, and they
declined also, but not to the extent Of
the near month. Cash corn in the sam
pie market was. of / n O. to &c. Gables
also helped the bears.
Wheat dropped with corn. in. spite Of
reported sales Tor export of 10000
bushels. Improved milling call failed
to help prices, nor could the bulls
check the downward trend even under
ceipts.
W0ES
weather in the spring and winter belts,
favorable for harvesting, thrashing
and marketing In the former and for
blowing and seeding in the latter.
lively small. corn receiving the greater
part of attention.
Free selling Of oats on expected
larger runs, from the country next
week carried prices down.
A very narrow market ruled in pro-
visions. The best list was in ribs. a
local packer putting a large line on
the market
Wilson's Chicago Advices
CHICAGO, Aug. 23.-The wheat mar
ket was dependent on corn for action
today and the only wonder was that
Steadiness came from smaller pri-
mary receipts and liberal cleararces
and sales Of from 3O0 900 to 100000
pas.. pDnsnegs OF nard wheat to exporters at
Ine realizing In corn which will take
some or the steam out of that market
and leave It more natural is. likely to
strongly to the wheat position.
We advise working on the long side
OF the. September and December OPP
Corn-Liquidating that cost the SEN
tember prices, nearly two cents pre-
vailed In corn all morning and other
futures sympathized
cash corn here next week from the
country, although the estimate for
Monday shows only IS cars.
We would take the buying side in a
moderate way and follow 1t with scale
orders.
oats-suffered liquidation by longs
and more or less short selling, all based
on expected larger run from the coun-
try next week
Provisions-Extremel dull and mar
row market. Tone a little firmer. due
largely to local commission buying of
Chicago Grain and Provision Futures
The San Francisco call., 1913-08-24

NORTHERN PAcIFIC's YEAR

For the year ended June 30 last.
Northern Pacific's estimated surplus
for dividends was approximately $21,-
563,500, equal to s.6 per cent on the
$248, ,o0o, 600 stock outstanding. After
all charges including dividends, the
company had a surplus of more than
s3.50O, 600 TO credit to profit and loss.
From July 1 to August z gross earn
ings of s7.325.51s were s22s,17S better
than last year. The first week of Aug
ust showed an increase of $32,594. TAX
ing 1910, which was the year of record
earnings for Northern Pacific, as loo
per cent the earnings of the present
fiscal year through August may be
called SO per cent.
SMALL BONDS IN FAVOR
Colonel w. P. clough, chairman of
The San Francisco call., 1913-08-24
BARBER FINDS A NUGGET
Especial Dispatch to The Call)

Especial Dispatch to The caID
GUINDA, Yo1o County, Aug. 2s-A
gold nugget, Weighing about ounces
and worth about $1o0 was picked up
here yesterday by Lee Wood, barber, in
his lawn. According to miners who
have tested It. the nugget Is q very fine
specimen.
The San Francisco call., 1913-08-24
Poultry and Game

The usual Saturday quietness dominated the
market for live poultry yesterday and hens.
which were more. In evidence than. anything
else were decidedly weak. Sellers were willing
to accept less than the quoted rates for general
offerings of California hens and few remain
Ing lots Of large eastern birds could also be
bought at concessions Young chickens were
closely cleaned NJ and firm, with the outlook
promising for continued frmness. Six cars Of
eastern chickens were marketed last week and
three newly arrived standing on the
railroad tracks yesterday No attempt was made
to market yesterdays arrivals the receivers pre-
ferring to hold them for tomorrows market
The San Francisco call., 1913-08-24
!. c. WILSON & co.

MEMHEHS
NEW YORK STOCK EXCHANGE
r-HTCACO BOARD OF TRADE
THE STOCK AND BOND E1CHANGE
SAN FRANCISCO
MAIN OFFICE
WILLS building. sam Francisco.
RRANCH 0FFICES--L0s Angeles,
<am Diego. Coronado Beach; Portland
Ore; Seattle, WaSh.s Vancouver, n. y.
Private Nires Chicago New York.
The San Francisco call., 1913-08-24
80, ,eoo-Total shares sold.

S09O0-IOtal EhareS sold.
Weekly Clearing House Statement
NEW YORK. Aug. 23,-The statement Of the
actual condition of clearing house banks and
trust companies for the week shows that they
hold $22, ,173, ,15O reserve in excess OF legal re-
quirements. This is decrease Of $2b25 O5O
from last week. The statement follows:
ACTUAL CONDITION
Loans, 81. .e34. 28s. 900: Increase. sS.e5e. 900.
Specie, $349. .376. 600; Increase, 81 .8O4, 900.
Legal tenders, $50, oo6. 900; decrease. $1.4le.-
600.
Net deposits. sl.7sa. 7s1, 900; incrsa.s, slo.-
Circulation, $3.50. 900; decrease $747, 900.
Banks cash reserve in vault, $367, ,447 600.
Trust companies cash reserve In vault, $61,-
935. 900.
Aggregate cash reserve, s429 sS2 ooo
Excess lawful reserve, 80. .l7S, 1906 decrease,
Sc. 525, ,050.
Trust companies reserve with clearing house
members carrying rs per cent cash reserve, TIL
262. 900.
summary Of state banks and trust companies
In greater New York not included In clearing
house statement:
Loans. ssss. ess. 400; decrease, ss.7ss4 400.
Specie, $50. 661. .1o0 decrease, S55S,200.
Legal tenders. 81. 753. 500; decrease, $132 200
Total deposits. 1913, 459, loo decrease. $2.S52,-
500.
The San Francisco call., 1913-08-24
Loans, Exchange and Silver
MISCELLANEOUS MARKETS
Cotton Market

lFrom J. g. Wilson & Co.'S private wire.)
NEW YORK Aug. 23.-Cotton advanced sharp
", to the accompaniment Of rather active buying
at times Private reports of rains In Texas and
Oklahoma lacked official confirmation. and as fair
day there was brisk buying By local traders.
Wall street. the south and BY shorts generally
The rise was checked by liquidation By some who
feared the possibility Of rains. 1t Is stili Z
weather market, with the trade favorfng the bull
side.
Spot closed steady 10 points higher. Middlipg
uplands. IL. Soc: do gulf. 1850.
The San Francisco call., 1913-08-24
JAMES N. BURNEs IS DEAD
St. Joseph Millionaire Injured Crankins
Auto Succumbs Near Santa Barbara

SANTA BARBARA, Aug. 23--James
N. Burnes, a millionaire of st. Joseph,
Mo-, is dead at his summer residence in
Monticello. near Santa Barbara His
death was due to nervous prostration,
caused by injuries suffered six weeks
ago when cranking an automobile.
The San Francisco call., 1913-08-24
Oil Stocks
SAN FRANCISCO STOCK ExCHAHe

New York Metal Market
NEW YORK, Avg. 23.-The metal markets
were quiet and practically nominal today. Lake
copper lee: electrolytic. 15.S7h @16c; casting,
10. 621h ais. 75c.
Iron-Unchanged.
The San Francisco call., 1913-08-24

Nayal stores-Turpentine Ana Reain
Firm. s9N @4oc; sales. 4I6; receipts, 3S2; ship-
ments, IL: stocks, 3S,441.
shipments, 4T63: stocks. III. .619. Quote: A, b,
3.75: G. p. $3.50; y, r, g, "a. s.; ia, $3.50; T.,
s.; 4, $a10; a. $40: n. $40: VIC. {e;
The San Francisco call., 1913-08-24
MODERATE RISE
IN STOCK PRICES
Trading on Small Scale, but
Undertone Shows Pro-
nounced Strength

. NEW YORK, AUG. 23.--Stocks ruled
at moderately higher figures during
most of today's half session.
Trading was on a small scale, but the
undertone showed pronounced strength.
The supply of stocks was not large
and it did not require heavy buying to
lift figures all through the list.
Reading, Union Pacifc and steel
an array of less conspicuous stocks.
and advances were well held until Just
before the close, when a. quick reaction
The movement was stimulated by op-
timistic advices regarding the Mexican
situation.
That stock made a substantial advance
on a small volume of business.
Chesapeake am Ohio touched SO,
points since its dividend rate was re-
duced from to 4 per cent. The de-
cline in the list at the close was
asoribed to profit taking and to vague 81
worse in the Mexican situation.
Changes shown in the bank statement
were only nominal.
The cash gain was less than 100000
and there was an expansion In loans
of about SO, ,000 900.
Bonds were steady. Total sales, par
United States As declined u ana the
Panama 3s coupon II on cali on the
week.
j. G. Wilson's Stock Letter
NEW YORK, Aug. 2s.-Stocks ruled
firm today, though transactions. were
small as rule Efforts. to buy showed
q scarcity of stocks. This indicates
that. some largo interests have their
stocks yet and are unwilling to part
with them at present prices.
The radical change for tho better
in the financial situation all over the
world In the last so days has likely
been lost sight of by the trading ele-
ment, but 1t Is beginning to be apparent
here.
The market has been we'll HQuidated
and looks now to be In, q, strong po-
sition.
The San Francisco call., 1913-08-24
AN OIL COMBINATION

Two hundred oil producers and con-
sumers connected with the Southern
California Oil Consumers association
are about to be merged into the Oil
Producers and Consumers league, ac-
cording to J. B. Elliott. secretary of
the league. The league is a statewide
organization. formed several months
ago, and has employed Francis J..
Heney as general counsel.
NORTHWESTERN PACIFIC'S JUNE
June, 1913, earnings of the North
western Pacific railroad as compared
with June, 1912, were:
The San Francisco call., 1913-08-24
CRrsP FINANCIAL BRIEFs

The Donohoe Kelly Banking company, for many
years at the corner OF Montgomery and Suttel
streets. will move it's Offices tomorrow to the
Holbrook building 6s Sutter street.
Honolulu OIL has levied assessment Of Il
cents per share, delinquent September 20, sale
day October IL.
The Bloom Jar company Of Los Angeles, CAPT
talized at 81 500 000 has been merged with tbs
California Glass Insulator company.
Exchange Of Chicago Rock Island and Pacific
railroad collateral As for Rock Island railway
debenture SIS Is said TO have been going or
lately.
The Denver Gas and Electric Light company. .
subsidiary Of the Cities Service company. has
made proposition to the city council OF DsnveI
that IN ease the price contract It now has with
the city on lighting rates, which expires IN
1916 Is extended to 1926, the expiration Of the
franchise OF the company It will reduce It's rates
On arc ana incandescent lights used By the city.
The San Francisco call., 1913-08-24
AND FOREIGN GRAIN
Cash Grain and Provisions

Cash Grain and Provisions
CHICAGO, Aug 23.-Cash quotations were as
follows:
Crn-No. 2, 7e077c: No white 761s@
II NC; No. Q yellow. 76@77c; No. 3. 1917 d76c;
No white, 76Q77hc; No. yellow, 751a a
76hc.
Rye-No. 2. 7e0ToAc.
Barley-55l7
Timothy 81. 5016.40.
Clover-$10@14.
The San Francisco call., 1913-08-24
BUSINESS GOOD IN NORTH
MAY ISSUE BONDS

The railroad commission has author
lzed the Home Telephone company of
Covfna TO issue 6 per cent bonds of the
par value Of $4,000. to be used to dis
charge existing indebtedness of the
company and TO make improvements In
the exchanges at Puente, Covina, Azusa
and Glendora
The San Francisco call., 1913-08-24

caul1ower. 50@60c per dozen; green peppers. 50
d5Oe per box: carrots. 75c per sack: string
beans, 2@4c per lb: lima beans, 4@5c per lb;
summer squash, 75@90c per box; tomatoes. Ioc@
l2o per box; green okra, 40@50c per box; egg
plant. 40@7Jc per box.
The San Francisco call., 1913-08-24
New York nro.ex M.rk.&


loans).
Time loans, weaker: so days, 3xM4 per cent:
90 days, Az per cent; six months, ~ 05H per
cent. = v
Prime mercantile paper, 5x 06H per cent
Sterling exchange, $4.sS for 60 day bills,
s. $500 for demand
Commercial bills, $4S2X.
Bar silver, 59hc.
Mexican dollars, 46c
Government bonds, steady
Railroad bonds steady
The San Francisco call., 1913-08-24
SACRAMENTO VALLEY e. n.

It is expected that the railroad COM
mission win authorize the Sacramento
Valley Electric railway to expend SO 900
month from the funds of the COM
pany for the purpose Of carrying on a
stock selling campaign and acquiring
rights of way. When the commission
authorized the company to begin bust
ness it was part of the order that the
corporation should have $3.50. 600 in cash
in the treasury before issuing bonds
and starting construction. The COM
pany has been selling its stock along
Its proposed route to raise this money
and now has about s438,000 in cash 1t
Will require considerable work to Sc
cure additional subscriptions to the
$750,000 OF preferred stock.
The company hopes to begin con-
struction IN the spring of 1914. and 1t
is estimated that 1t will require 13
months to complete construction so that
trains will be running In 1915. Nego-
tfatfons are now In progress for the
purchase Of the bonds of the company
by an eastern bond syndicate at 80 for
the per cent bonds, with a bonus Of
common stock.
The San Francisco call., 1913-08-24
CIearings In Northwestern cities

PORTLAND, Aug. 2a.-clearings, 81, 729, 600;
balances. $293, 592.
SEATTLE. Aug g. - Clearlngs, $1,943,377; !;
balances, S230. .S25.
ances. scr, ,52S.
The San Francisco call., 1913-08-24
CURRENCY PLAN
D|STURBs BANKS
National Institutions Will
Have to Furnish Sum of
S50o,oo0,o00

Local bankers assert that the pro-
posed redistribution of banking assets
and reserves under the administra-
tons new currency measure will have
more or less disturbing. effect upon
general banking business. Even
though a period of three years be al
IoWed for bringing the reserves within
the authorized distribution, the COM
pulsory feature OF the system and the
huge sums involved will be disturbing
elements. they fear.
It Is required that banks Joining the
new system. must subscribe 20 per cent
or their capital to- the stock OF the fed
eral reserve banks, of which 10 per
cent is ca1lable at once The national
banks of the country have a capacity
or $1,05o, 100000, which means $105.-
100000 to start with, This takes no
account of the state banks or trust
companies that may come In. Then
there is the. amount of reserves which
the member banks must carry with the
federal reserve banks. The deposits
OF all national banks Is approximately
$4,000. 100000. Taking Is per cent Of
this, which Is the least reserve re-
Qufred. would be $1,000. 900, 600.
Figuring on 5 per cent of reserve de-
posits to be paid the federal reserve
banks. there will be a total of $500
100000 which the banks of the country
Will have to redistribute and lock IN.
There viii necessarily be considerable
selling Of other investments to meet
the contribution to the capital re-
Quirements of the federal reserve
banks.
The San Francisco call., 1913-08-24
LOG Al NJ A r K F. T S

Poultry fper dozen)--Heus $4d4.5 so for small
ROSTERS. $7@S; do extras. $9@10; old roosters.
SS4@5' fryers. $5-5o@7; broilers: s4 45oq5 for
large, $4M4.50 for medium and $303.50 for
small; ducks. s4a14.50 for old and $5@s for
young; geese, S2@2.50 per pair; pigeons. $3.50
LOO; squads. $1.5O@2
Prices per lh-Easteru hens f6017c: do
springs 25c; California hens, 13115c for Leg
norm and 16Q1Sc for fancy breeds; young roost-
25@S0c; old do, 20Q21r.
Game lper dozeD)-Hare. nominal; Belgian