davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1913-07-24
nj ands 10 &c. rs,lf ~ Il
Livestock Market

CHICAGO
CHICAGO. July 23.-Hogs-Receipts %. .OO0
head: market slow but steady. Bulk Of sales.
sssoGs.3o; light Se.1o@9.50; mixed. $ss0M
S7.5009.25 Pos
Cattle-Receipts, $4,000 head: market steady
to lOc lower. Beeves. $7.156910; Texas steers
S69OdS western steers, $7.10MS.15: stockers
and Feeders. 8.50M7.75; cows and hefers So Is
0S40: calves $8.c5M11 so
Sheep-Receipts 600 head: market strong ia
l0c un: - Native sheep S4.25M5.15; western
s4.30n5.20; yearlings. 50. .40d6.55; lambs, native
S.. .40@7 go. western s5.S5@7s5.
KANSAS CITY
KANSAS CITY, July 23.-Hogs-Receipts. 12..
Geo head; market steady. Bulk Of sales. IS ESQ
20 s;Io: O. neavy' eo@s 50: packers and butchers
Cattle-Receipts, 5000 head: market steady
r Prime m sed steers, $s6o69; dressed beef steers
y. .-4o9 90: western steers, &6.5OMS2 25: southern
steers. $540G7.6o: cows. $4077: heifers. S5G
Ss5: stockers and feeders So 2567 90: bulls. s.
@6.50; calves. $650RlO "
Sheep-Receipts. 1000 head: market 10c birh
er, lambs SI5M7.45: yearlines. 81. 5o@5 So
and feeders, 2.2504
The San Francisco call., 1913-07-24
wilson's Views on the Markets

Trom J. G. Wilson & Co.'S private wire)
NEW YORK. July 23.-Bullsh sentiment was
well maintained in the stock market today. and
although the movement of prices irregular.
sales were well taken. Copper stocks were the
only strong features, there being good dema nd
for the metal here and abroad. California Pc
troleum issues. on reports that the dividend
would be passed. sold at new low levels We
continue to believe that stocks be bought
on these reactions.
Cotton-Prices declined because Of improved
weather and better crop prospects July broke
so points in New Orleans making a decline of
70 points in two days. July also showed de-
preston here. and the new crop months sympa-
thized. On the whole inclined to be-
lieve that it is still the best policy TO buy the
new crop on any good dips.
BOSTON. July 23.-The general strike at all
mines In the Lake Superior district was re-
sponslbe for considerable scattered selling. This
selling, however. was i'll advised the strike
seems to be based on very insecure footing
and is not liable TO last long. There seems TO
be genuine demand for the shares OF produc-
ing copper mines.
CHICAGO. July 23.-w -wheat-In spite OF the
sharply lower prices for corn and oats at the
opening. wheat started up and ruled strong. the
incentive being further export acceptances and
buying by cash people and specuators who
wanted To follow the export trend. We think
the export business will keep mp aud that the
long side win he the safest to follow the
setbacks that win come from time to tims
The San Francisco call., 1913-07-24
MISCELLANEOUS MARKETS
Cotton Market

(From z. F. Hutton & Co.'S private wire.)
NEW YORK. July 23.-Liverpool was slightly
better than due and opening prices were fairly
steady here. but reports Of good rains east of
the river with forecasts promising precipitation
In the southwest. proved TOO much for the mod
crate buying power
A small reaction had when the official
details Of Yesterdays weather showed no pre-
cipltation In Texas. Complaints were received
of boil weevil activity in the southwestern part
of that state. but the market turned weak again
in the last hour and new low records for the day
scored.
The weakness OF July In New Orleans. where o
30 point break occurred and scattered selling
for southern account were the main bearish fea
lures. The market is developing decidedly
easier tone and the near approach OF free move
ment OF the actual is disturbing August longs
in both markets.
Spot closed quiet, points lower. Mddling
The San Francisco call., 1913-07-24
New York prnano.

NEW YORK. July 3.-Hutter-Steady: re-
ceipts. l5.379 tubs: creamery extras 26l m
2..c; hrsts 2sls @26c; seconds. 24@25c: state
DAIRY nnest, 2oe: good to prime 24ia625hc;
process extras 241a M25e: frsts o3lA d24c: see
onds. &c. imitation creamery frsts 24c: factory
current make, firsts, 23123lac; packing stock,
current make. No. l. 21l5c
Cheese-Brreiy steady: receipts 7.72o boxes:
state whole milk. fresh white and colored spe-
ciais' ,' i4I Ml4lac; do colored average fancy.
lac; 90 white average fancy. 1884, @i4c.
Eggs.irregular: receipts 49, 759 cases: fresh
gasneren e3nas 24626c; extra hrsts. n @23c
whites. as to size and QUALITY osG31c: do gath
ereI ena WHITES, 25G2sc; western gathered whites,
The San Francisco call., 1913-07-24
Boston Stocks


tFrom z. F. Hutton Co.'S private wire.)
BOSTON, July 23.-Uur market opened frm
except for the Lake Superior issues particularly
the Calumet and Hecla group. Among these
Osceola was off 2s4 but quickly recovered =
points, only to decline again Calumet and
Hecia sold off nearly Is points by The
early selling of copper issues not aggressive
but trading progressed the selling and ac-
tivity increased. with resultant lower prices
If the strike continues it will result in reduc-
ton of the visible supply of copper, the
mines affected among the large producers at
the lake. Copper metal abroad and at home
was advanced nc today. During the last hour
the market became active and many stocks ad-
vanced. Calumet and Hecla jumped up TO the
opening price few sales of small lots. The
market closed strong. with good tone
The San Francisco call., 1913-07-24
New York Metal Market

NEW YORK, July 23.-Lead-Steady; 3oc
bid: in London, EGO los.
spelter-steady; 5.So@5.4oc; in London, f2o
15s.
Copper-Irregular spot IL 75c bid: July Is rs
6142 25c; August. IL. 75@ IA lee: September. 1875
614.O5c: electroytic. 14.50@14 62c; lake 1850
614.75c: castings 14.25@1 IA. Soc.
Tin-Quiet: spot. Al .25741 &c: July. 1.40@
Al. soc: August and September. 41.S7M41.5O.
Antimony-Quiet; Cooksons, S.406 55c.
Iron--rrregular.
London markets closed ms follows:
Copper-Easy; spot. f64 15s; futures, f64
lis Cd.
Tin-weak: spot. f1SS los: futures, flsS 15s
Iron-Cleveland warrant. 55s Cd.
The San Francisco call., 1913-07-24
LOW TRADING IN
STOCK EXCHANGE
Market Becomes Reaction
ary, u. S. Bonds and New
Haven Selling Off

NEW YORK, July 23.-From its ir-
regular drift of the previous session,
today's stock market became reaction
ary, with more low records in govern
ment issues and in New Haven, which
sold at par. The movement was COM
paratively narrow and trading small in
volume.
The Mexican situation loomed more
prominently than al any time in weeks,
but was less depressing than the fur
ther decline in government 2s. which
yielded to 96A.
Another event which made for bull
ish caution was the unexpected demise
abroad of Anthony Y. Brady. for many
years active in the AFFAIRS of such cor
porations as Brooklyn Rapid Transit,
Consolidated Gas, United States Rub
Der and American Tobacco.
Trading became extremely dull in the
late hours, save for smart movement
in Amalgamated Copper, which failed
to impart any material strength else
where, the closing again inclining to
heaviness. particularly in New Haven.
Local money rates were easier for
so and 90 days.
The general bond market was lower
in sympathy with stocks.
Panama IS shared with government
IS in establishing a low rate. price.
The total sales aggregated $1,250, 600.
The San Francisco call., 1913-07-24
Hutton's New York Letter

The reaction in today.s market was
only natural after the recent rapid ad-
vance. The volume of business was
smaller than for some days, but al
though dullness prevailed there was no
special pressure. Republic Steel was
strong feature because Of the fine
statement of earnings for the first half
of the year, which was published on
Tuesday. Utah Copper was the strong
est of the coppers. its strength being
attributed to operations by newly
formed pool There was8a sale of
American Express at 165, a decline of
5 points. and a new lowErecord. as a
result of proposed changes in the par
eel post service, which recently caused
the sharp break in Wells Fargo. The
Petroleum issues were again under
pressure. California Petroleum made
a new low record al 1910. while Mexi-
can Petroleum sold down to 55Ac
Both recovered a portion of their loss
before the close. There was no change
In the character of the market in the
late afternoon. Dealings were profess
sional and price changes were unim-
portant. London was buyer to the
extent of about 10000 shares. At the
close the consensus of opinion was that
the market had acted well and that a
further advance was in order.
The San Francisco call., 1913-07-24
Loans. Exchanre and silver
New York Money Market

NEW YORK. july 23.-Monev on call steady
2d2E per cent: ruling rate 21a per cent: clos
ing bid per cent: offered at 2A per cent.
Time loans easier; 60 days. 3&d4 per cent,
20 days. 41aG4% per cent; six months, 5s4 6e
per cent
Prime mercantile paper. per cent. Sterling
exchange steady with actual business in bankers
bills at 81. 1925 for so day bills and $4.s6S5 for
demand
Commercial bills, S4.S23.
Bar silver. 5S5sc.
Mexican dollars 41c.
Government bonds weak; railroad bonds IT.
regular
The San Francisco call., 1913-07-24
LARGE EXPORTS
CAUSE E|RMNESs
Wheat Improves, but Corn
and Oats Fall OFF Slightly
on Good Reports
Wet Weather Causes Rush
in Sel1ing-Pork Prices
Fluctuate

CHICAGO, July 2s.-Larger exports
than any previous day this season
caused firmness today in wheat
The market closed steady. unchanged
to u &c higher. Corn showed a net loss
of 4 to &c Oats declined &c 10 &C;
For provisions. the outcome varied
from 51ac to 715c backset to lac al
vance.
Export sales of wheat here today
amounted to a full million, bushels. The
total for The oday day , befors was Exosfers aso
were said. furthermore. to be outpid,
ding ordinary dealers in Kansas and
Nebraska. Wet weather interfering ing
reason accepted as explaining the un-
usual foreign demand. tt,
Country. offerings of wheat. wnlcn o
tically nothing. assumed liberal proper
tions when the market advanced.
Hedging sales that resulted Wiped nI ouI
in turn most of the gain. whfch sun
lent bullish sentiment uppermost IN the
final trades.
Wet weather over large part or
the belt led to a rush of selling IN
corn. There was good speculative BUY
ing on the break. but the effect was
offset by the slowness OF eastern d oe
as a result OF cool temperatures al
lowing late planted sections to I'LL bet
ter than had been expected.
Most of the provision trade contin-
wider in pork. offerings. chiefly from
packers, exceeded the demand
Hutton's Chicago Advices
Wheat-Except for momentary. dip
in prices early in the day the wheat
| market ruled higher throughout the
session. An enormous export business
was done on overnight offers abroad,
exporters agreeing that this was prob
ably the largest days export business
also that yesterdays export sales from
Chicago were nearer 100000 bushels
| than 500, 900.
Corn-wet weather over the north
| ern half of the corn belt and cooler
and cloudy over the southwest made
| quite a rush to sell at the outset Good
| local specula tive and commission house
buying, the latter largely by cash con-
Germs, caused quite a rally, but the
| market was at no time up to yester-
days closing level. Cash corn in sam
pie market nc to nc lower.
Oats suffered from much the same
causes as corn. The weather was
cooler late oats filling better, and
there was a rush of selling at the out
| trade could readily absorb. Cash oats
| in sample market were &c to &c
| lower.
Provisions-Small market In pro-
visions. There was some selling OF
| October lard today by the packers,
who bought it and sold larger uuanti-
| ties of September yesterday. Most of
| the days trade was in lard, although
! fluctuations were larger in pork.
DOMESTIC AND FOREIGN GRAIN
! Future Grain and Provisions
| LIVERPOOL
| Wheat July Oct. Dec.
The San Francisco call., 1913-07-24
CIearings in Northwestern Cite.

SEATTLE. July 23.-Clearngs, 81. .977 ,9s2; bal
ances S226. $50
TACOMA. July 23.-Clearings s3ss,753; bal
ances. S63. 100
SPOKANE. July 23.-Clearngs, s676. 764; bal
ances. s133 212
PORTLAND. July 2s.-CIearings. sl,7oo. .4so
balances sos. .444
The San Francisco call., 1913-07-24
SAN FRANCISCO STOCK AND BOND EXCHANGE


the local half point with
In
The San Francisco call., 1913-07-24
Condition OF Treasnry

WASHINGTON. July 23.-Tbe condition of the
United States treasury at the beginning OF bust
ness today
Net balance In general $127 5S7,7S5. Total
receipts yesterday, 81. .629. .361.
Total payments yesterday, s1.407, 10. The
deficit this fiscal year is SIC, 112. 4S7. against
deficit of Sc, 63S. $50 last year exclusive OF
Panama canal and public debt transactions
The San Francisco call., 1913-07-24
Northwest wheat

WASHI NGTON
SEATTLE. July 23.-Wheat new crop-Blue-
stem. SIC: forty-fold Soc: club. 1ec: fife. 7ac;
red Russian. 7sc. Old crop. nominal. Yester-
days receipts-Wheat. cars, oats. cars; hay.
l -four. car.
TACOMA. July 23.-Wheat-Blnesten, old a0c
new S2G S3c: club. old 9Oc SOC. Receipts
Wheat cars; barley. cars; hay. "a cars.
OREGON
PORTLAND. July 23.-Wheat track prices
Club new. 196sOc: bluestem. s26S3c: forty
fold Soc: red Russian, TIC: valley SOC. Re
cepts-Wheat. cars; barley 1 car; -four, s
cars; oats, cars; hay. II cars.
The San Francisco call., 1913-07-24
CALIFORNIA PETROLEUM EARNINGS

Net earnings of the California Pc
for the six months ended June so,
1918. were s1,076.000. The earnings
for the second quarter were slightly
better than those for three months
ended March 81. Net earnings before
depreciation as reported for six months
are at the rate of approximately Shc
per annum on common stock outstand-
ing.
The San Francisco call., 1913-07-24
Los Angeles Prodnee Markef

LOS ANGELES. July a3-Eggs-Unchanse
l.eceipls. 20 % cases Local ranch canded. sic
Butter-Firm and unchanged Receipts 431.
coqnns, frces to the trade SC above quotations
Calafornia extras. 30c 6rsts. c7c.
Cheese-Unchanged Receipts. 1910 pounds
Nor.nern Iresh, l54c; eastern singles, 1Sc; dc
WINS. pns. . a.c; 40 cheddars, 171a @1sc.
potatoes, 55d6oc per box' = r.
The San Francisco call., 1913-07-24
New York Curb Stocks

tFrom E. F. Hutton & Co.'s private wire.)
NEW YORK, July 23-The mining issues
were quiet today and prices unchanged as
rule. The oil stocks were steady. with Stand
ard Oil of California and Standard Oil OF In
diana In demand
The San Francisco call., 1913-07-24
NIinneapoIi. Grain nna FI.r

MINNEAPOLIS. July 22.-wheat-July. s61zc:
September. ssh MSsSsc; December 91Iac. Cash:
No. hard. 901ac; No. / northern, DOC; No 2
northern. 81 6SSc: No. hard Montana, Sshc;
No wheat. S50lS6c.
F1our-First patents. 81. 5064.T5: second pat
ents. $415@4.50: first clears, $500; second
clears. So 7063.10.
Bran-Ilnchanged.
Corn-No. 3, 59iz d6Oc.
0ats-No. 3 white 3T1a M3sc.
Rye-No. 2. 56657hc
Rarley-45M56c.
Flax-S1. .3T1b 61.3S.
The San Francisco call., 1913-07-24

Cash Grain and Provisions
CHICAGO, July o3.-Corn-No 2 s2h Gs2Ec;
No. white. 64c: No yellow. 630eSHc; No. 2,
| 62M62la lac: No. white. 631a d63%c: No. rel-
low. 62s4 d63c; No. 4. 61d61%c; No. white
62a4 a CSC: No. yellow. 61d52c.
Rye-No 3 63iz G64c for new.
Bsrley-4s663
Timothy-s3T5M4.I5
or,in
The San Francisco call., 1913-07-24
GOOD TIMES SOON,
SAYS BANK CHIEF
Herbert Fleishhacker Gives
His Impressions of Con-
ditions in Europe
Financier, Back From Trip,
Says We Are More
Fortunate

After an absence of five months
abroad Herbert Fleishhacker. president
of the Anglo and LondonParis Ma
tional bank, was at his desk in that
institution Yesterday. Hosts of friends
came in to greet him and incidentally
to learn his impressions of financial
conditions in Europe.
Il went abroad partly for recreation
and partly to study conditions In the
financial centers of Europe" said Mr..
Fleishhacker to The Call. Il spent the
most time in England and France,
though 1 visited other countries as
we'll. When arrived on the other side
I found the Balkan war seriously af-
fecting the condition of Europe and
particularly of France and Belgium.
The people of those nations. more than
any other, seemed to be boarding their
money, and for three months no gold
was in circulation.
Before l left the pressure had begun
to ease up and the opinion prevailed
IN financial centerS that within six or
eight months normal conditions will
have been regained. The sympathetic
tie between the United States and the
principal European nations, but par
ticularly between New York and Lon
don, is so strong that anything affect
ing Europe also affects America, though
7 believe the money stringency has not
been so keenly felt here as abroad.
II made careful inquiry as / travelled
across the continent. and the general
report is that the east and middle west
will furnish bumper crops. while | am
told here that Pacific coast crops will
be fully up to the average. | look
for quicker recovery in America than
in Europe, and fully expect that good
times will have returned by the first of
the year, If not before.
STOCK EXCHANGE SEAT SOLD
Max /. Koshland. an investment
broker with offices in the Merchants
Exchange building, has purchased
from the executive committee of the
San Francisco Stock and Bond ex-
change the seat recently taken over
by the committee in settling the affairs
of D. r. Wilson & Co. The price paid
is said to have been $4,000. This is
lower than the seat sold to Chapman
de Wolfe earlier in the year for s12.5
Mr.. Koshland comes up for election to
the board today.
The San Francisco call., 1913-07-24
New York Grain Marked

NEW YORK, July 23.-Flour-Steady.
Wheat-Spot easy No red. 941ac: No
northern Duluth 81 OOI4. Futures inactive;
closing unchanged. July. 9S12c; September, Csc;
December. CSC.
The San Francisco call., 1913-07-24
Chicago Produc. e.rket

Creameries. 22Ja 26c.
Eggs-Unchanged Reee,n. IN AN c.ses A.
mark. cases included. safe. ordinary drsts,
- z q - az; nrsts Jsd16L1c storage. 11c.
,as "esS-Hgher = 1ac Daisies, 1sA di4iae; twins,
IAN 9HXc. .HVA0S'
The San Francisco call., 1913-07-24
SUMMARY OF
THE MARKETS

New York stocks Irregular but
close strong.
California Petroleum makes new
low level in Wall street.
Labor troubles halt rise In COP
per shares.
Fine crop prospects weaken spec
ulatfve cotton prices.
Western Paciac securities make
further gains locally.
General local bond list moder-
ately active.
Nevada mining stock market has
quiet day.
Big export business steadies
wheat in Chicago.
Wet weather I'm the crop belt de-
presses corn.
Barley futures dull and lower In
the local market.
Spot barley steady nj the recent
advance.
Declines in cash wheat stimulate
the demand.
Strictly fresh eggs continue scarce
and firm.
Butter market retains it's former
frmness.
Potatoes and vegetables plentiful
and weak.
Onion market appears TO be verg-
ing on n slump.
Market still overstOcked with poor
quality fruits.
Liberal arrivals fall to weaken
poultry values.
The San Francisco call., 1913-07-24
san FRANCISCO STOCK EXCHANGE
Los Angeles Oil Stocks
New York Conee Market

New York Coffee Market
NEW YORK, July 23.--There were only mar
row changes in the coffee market today, the
close was steady at to 5 points net lower.
Spot steady; Rio IS, 91ac; Santos As, 11sc;
Mild dull; Cordova. 1S@161zc nominal.
CQFFEE FrTIrRES
The San Francisco call., 1913-07-24
New York Mining Stocks

Com Tunnel stock
Com Tunnel bonds
Con Va Min Co.
Iron Silver ......
Leadvilie Con -.
The San Francisco call., 1913-07-24
Duluth Linsced
Estimate of Product,ov

DULUTH. July 23.-I.nseed $780,: july.
| $l:ssz asked; September, s14o; October, 81. 40A
| bid.
The San Francisco call., 1913-07-24
New York Bonds


Do a. reg. L
Do coupon ....1
Panama IS coupon. Il
Al-Chal 1st 80 ctfs
Amer Agricul IS.
Amer T&T CIV As. II
Amer Tobacco 6s. L
Armour AIS -.
Atchlson gen As.
Do cv As, 1860.
Do CIV IS. ......
Allan G L 1st As.
Bait & Ohio As.
Do 3ks .......
Brooklyn Tr cv As
Central of Ga is. IL
Cent Leather IS.
Ches & Ohio 5s.
Do con 4hs.
Chi & Alton 3ks.
G, b e. Q joint As
Do gen As.
C.M& StP cv 4I5s.1l
C.RI& Pac col As.
Do ref As.
Col SO r&ext AIS.
Del & Hud cv As.
Den & r G ref IS.
Distillers 5s .....
Erie prior lien As.
Do gen As. ....
Do CIV As, ser B
III Cen 1st ref As.
Int Met aus.
Int Mer Mar 4las.
The San Francisco call., 1913-07-24
Wanted $500

Three more men with $500
each may join our syndicate Of
ten. Absolute protection for
your $500. Certain profit of
from 800 to 1900 per cent by
December 81, 1915. Possible
profits too large to estimate for
years to come. Legitimate
business enterprise. Response
BILE men. Experienced, success
ful management. For interview
and full particulars address
Box 1045, Call.
The San Francisco call., 1913-07-24
UyIIsTED SECURITIES

81 estrn
securities the sar
Francis Stock andB Bondex
The San Francisco call., 1913-07-24
Dried Fruits In New York

NEW YORK. July 23.-Evaporated apples
Quiet Fancy. SA@Slac; choice. 6461Ac;
prime 666Ac.
Prunes-Firm. CALIFORNIA;. sI@i2kc; Ore
gons. 5h@917c.
Apricots-Quiet- Choice; 12@12hc; extra
choice 13613iac, fancy. 141a a 15c
Peaches-Quiet. Choice 6L M6hc; extra
choice Ga. M7c: fancy. IA a61&4c.
Raisns-Firm. Loose muscatels 4iaGJatc;
choice to fancy seeded. 5G6lac: seedIess AZ. a
6axc: London layers. $1.20d 40.
NavnI Stores-Turpcntine and Rosin
SAVANNAH. Ca. July 23.-Turpentine-rirm
:Jl3c. Sales $50. receipts 1.414. shipments 465
stock a4244
Rosin-F1rm. Sales a5l. receipts SOIL shin
ments liz. stock 157.225. Qrotatfons: A. r.
sc. y. $4.i5: r. $4,25: v. $40: G. H, T. j.
&, $4.45; NJ, S4.55, N, 1896, VIC, $3.50.
The San Francisco call., 1913-07-24
LOCAL BANK CLEARINGS

Local bank clearings yesterday as
announced by the San Francisco Clear
ing House associa ton were $7.645,-
SS4.03.
The San Francisco call., 1913-07-24

Balance --..-...,-.- 1928, IT, % S21O957 is
This statement does not include in
terest on S2.3SS,000 s per cent bonds
which is being paid by the Southern
California Gas company, and interest
on s10,000.000 first and refunding per
cent bonds and $2.500.000 one year 6
per cent notes which were issued for
the construction of new power plants
BONDS TO BUILD RAILROAD
The Clear Lake Railroad company
applied TO the railroad commission for
authority to issue sufficient of its
bonds and stocks to build a railroad
from Hopland in Mendocino county to
Lakeport in Lake county. The appli-
cation states that there has already
been raised and expended approxi-
mately SS7 900. 1t is estimated that
10 complete the road will require in
addition s596.300. The company pro-
poses TO issue its stock and bonds in
such amounts as the commission shall
prescribe
The company has an authorized capi-
talization of 100000 in stock and s4O0.-
600 in bonds. The application states
the surveys have been completed and
almost Al Of the rights of way secured
The distance is slightly less than 25
miles.
SOUTHERN PACIFIC SUIT
While no official statement has been
made by the railroad commission con-
cerning the friendly suit brought by
The San Francisco call., 1913-07-24
STOCK EXCHANGE SEAT SOLD
PACIFIC LIGHT AND POWER

Following is a statement of earnings
reported by the Pacific Light and
Power corporation for the month of
May and for the five months ended
May 81, as compared with the earnings
for the same periods in 1912:
Month of May 1919 1912
Gross earnings ..... 1924 674 IL SIqS O15 o6
Oper. EXP and taxes 123I7313 100 445 81
The San Francisco call., 1913-07-24

in actual cash during the fiscal year
ended June 80. s7.071, $4,000, breaking
all previous records. This high record,
including income, outgo and opera
tions within the treasury, exceeded the
cash transactions of the preceding year
by S469,769. 600 and those of three years
ago by s1,4T8,S26, 900.
The San Francisco call., 1913-07-24

sales I STOCKS High Low
High Low | Bid | Ask
Sales | STOCKS

memb
YESTERDAY:
The San Francisco call., 1913-07-24

the Southern Pacific company to deter
mine the power of the commission as
applied to a railroad engaged in inter-
state commerce, a member of the board
is credited with the following COM
ment:
This case is analogous to an injunc-
ton suit against district attorney to
restrain him from enforcing a statute.
restrain us from enforcing the public
utilities act without instituting pro-
ceedings before us which would make
it our duty to apply the act to this par
ticular case. In other words, they are
putting the wagon before the horse"
The San Francisco call., 1913-07-24
BONDS TO BUILD RAILROAD

While no official statement has beer
made by the railroad commission con
cerning the friendly suit brought by