The San Francisco Call. Newspaper, December 30, 1899, Page 8

THE SAN FRANCISCO CALL, SATURDAY DECEMBER 30, 1899. SUMMARY OF THE MARKETS. Securities show few fluctuations. Silver continues to advance. Exchange unchanged. Wheat dull and easy all over the world. Other cereals inactive at previous prices. Beans and Seeds continue dull and nominal. Nothing new in Hay and Feedstuffs. Potatoes and Onions wnchanged. Vegetables in heavy supply. Market still bare of fancy Butter. Cheese unchanged. Eggs firm at a further advance. Poultry continues stiff under light supplies.” Game firm. Apples, Oranges and Lemons in good supply and quiet. Nothing going on in Dried Fruits. Hides, Wool and Hops mactive and unchanged. or less under pressure. The New York City companies, the coalers, General Electric, ‘acific Mail and the Steel and Iron stocks show some striking gains and many of the railroads are a point or more higher. A notable feature s trading was the number of odd dealt In. Some of the minor bonds showed declines, but the general tendency was upward. The | total sayes were $2,240,00 for to arrival| United States old 45 and 5s declined % and tion of Portland [ the 3s 3 in the bid price. NEW YORK STOCK LIST. Charters. The Corsuelo loads merchandise for Mahu- kona: Northern Light, merchandise for Hono- July The Criffel loalls wheat at Portland for Eu- rope; Ravensoourt, wheat at Tacoma for Eu- | rope The Noemi was chartered for wheat 10 Europe, 64 The Wool Trade in 1899. Jarcd Wollner's cir trade lar thus reviews the | - 155, we had fon poun in ago Ind & L. *hicago Ind & Lo & East llinois » & Northy ) Rock 1s & St Louis ern nd & Pacttic | bright, o thetr ack & West RG ver & R G prefd Hocking Coal Valley ral ... ntral vre e & We St Louf : & St Louis prefd.. Missouri MK & New Jersey York St L o Weather Report. Mer rn Raliway o rn Railway prefd . & Pacific Tas Pacifc Pacitic pr prren ne senson, hours <h prefd Stations— Fureka - 3 Blufr | - an Cotton Of § ety - Maiting San ) x mperature 4 deg 2 - CONDY i WEATHER ¢ Refining prefd.. GENERAL by _AND along the . ex dividend.. International Pape mal Paper p Gas Natfonal Biscuit . National Biscuit prefd. rain warmer lay, warmer probably with occastonal 4 an MeADIE, e cast Official, 15t pref. 24 prefd... A 5 Coal & Tron ates Leather... | New York Stock Market. i The New York mar-| he practical o United States Rubber. T'nited States prefd.. Western Union ublic Tron & Steel public Tron & Steel prefd. P CC & St Louls.. were signs of hesitation and reaction at = time when the rate flurried to 10 per | 561900 Shares sold ., With the appearance of | CLOSING BONDS. November earnings of the | iar exhibit Paul, made cat Ak KGing to perating wads. T Prices fn the “anada So 2ds ure, how- | = o ey Ches & Ohlo 4%s... Reading Gen 4s e TANIONS | Ches & OBI0 55...15% R G W lsts. % holders closely akin ot | 4 140 8 L & I M con 5s..110 e time the London C & NWEFdeb 5s.115 S L & & F gen 6a.120 92 ISt Paul cons. “ MY S P C & P lsts Chicago Term 4s D& R G lsts ed the most n inaugurated able fact #tock exchange settlement was complote D& R G 4s SR S PC& P o fallure of great impcrtance wae o coavpr | B Tenn V&G ista103 Ko Rallway 8e. ing swrprise in the finun world | Erie General 4s By Stand R & T Gs... ternational stocks in th TY% Tenn new set 3s.. 4 et favorites in anticipation Tex & Pac Ists. T o 00 ihongh the call money | & 1§ 54 [Coton Fas. - rate advanced sharp ndon diseor 3 A -1 Unio B Tates Aropped off Tully % per cont with oot | H & T CSs..... 10K | Wabash iats . lting advance in t & T C con 65...110 Wabash 2ds New York. The privat, 1in also showed a further de foreign markets in which feared all showed clear skie our own market loans made to-day will carry over un. | & sterling rate in | o rate in Ber- , #0 that the Iowa Central 1sts..110 |West Shore 4s. KCP&G Ists. . 681 Wis Cent 1st: 1082 Va Centuries S % Va Deferrea 6 |Colo Southern 4 til next Tuesday. It was this fact which ran | l'i”g‘u‘&mxharn Pac 4s. the rate up 10 18 per cent. A favorable bank 2t { #atement is counted on for to-morrow In apf ING_ STOCK i of the fact that some 66006 of gold exporis | CHOTIAT - is{ontario 700 will figure in the ut. On the re | Crown I 12l0phir . P express movement of m o the intersor the | Con 21 40/ Plymouth I ks have gained upward of $2.000,0M, and on | Deadwood .. 0 Quicksilver . 150 sub-treasury operations they have gained $1,- | Gould & Curry. T prefd E 455,000, Tiexides this there have been large re. | Hale & Norcross.. 3) Sierra Nevada. E ceipts of money by mail. estimated all the way | Homestake . -65 0 Standard 240 Trom $4,000,000 to 7,000,000, that the net | Iron Stiver. 5 Unton Con. zn guins in cash from all Sources is estimated at | Mexican ... 24 Yellow Jack £ Trom $2,000,00 upward. In the late strength BOSTON STOCKS AND BONDS, of the market the trunk lines were conspicuous, | _ Money— West End. 9 Jed by the Baltimore and Ohlo and Norfolk | Call loans. 867 Westgh Elec. 391 end Western socks. A rumor was circulated | Time loans. 5@6 Wis Cent. | responding week lust year: | 3 | Chattanooga | Hastings, | Springfiela, TiY ! Macon .. | Little Rock | other ttems than clearings. | } Bradstreet's Annual Revie | bined, o have served to establish the year as a manufactured products, a proportion never be- fore reached; and as to imports, the heavy in- creage in raw products intended for manuf: ture bears testimony to the activity of dome: ie. anpar de 1 favor, € apparent tra balance in our a " though not as heavy as in 1588, will still ag- Eregate un enormous amount. That the advance In the price of staples has Dot been a fictitious one, or based upon arbi- trary actions of combinations, is evidenced by the “fact that a similar price movement has N wiinessed abroad, the general level of prices in England, for instance, being higher on December 1 this year than for more than eight years past. The course of values, t00, has been in accordance with the expectations of economists in that the greatest relative rise has been in manufactured goods or in products of industry, not exclusively agricultural. Bread- Stuffs alone of all the classes of staples are act- ually lower now than they were a year ago, the dechine beinz about 6 per cent. On the other hand, the magufactured or partly manufactured prodcts, W as metals, raw and manufac- tured texiles, building material, coal Boston & Albany..241% Allouez Mng Co. Roston El 35 Atlantic Boston & Maine.. 199 ' Boston & Mont Chi Bur & Q......121% Butte & Boston Ed Elee 111 ;" |Calumet & Hecla, nd naval Gen Elec \123% Centennial 6% | stores, have soored remarkable gains. Metals Do prefd..... 36ty Franklin 13 | as a whole were 50 per cent higher than a year Federal Steel...... 52 Hwanoldt . ;| ago, due largely, of course, to the forward rush Do prefd. 3% Osceola 671z | of iron and steel prices, which bave all prac- Mexican Cent. 10% | Parrot 37i4 | tically doubled in value within the year. Raw Mich Tel. 99| Quincy . 137~ | cotton and wool have made especially notewor- 0id Colony. 2035 Santa Fe 5 | thy advances, and from being among the most Old Dominfon. 70 | depressed of industries the textile manufacturing Rubber ... 4 | trades have becoms among the busiest there is Union Pac 374 | record of. Other textiles have shared in this Union Land. 29 | advance, and the result is that textiles as a class are a third higher than a year ago. Coal and coke have shared in the wonderful indus- trial developm of the vear, with u rise equal to that in tex and building materials, New York Money Market. NEW YORK, Dec. 2.—Money on call, firm | have made equal gairs, owing mainly 1o 8t 663 per cent, closed offered at 2 per cont. | Marked advance in Tumber, Naval stores o showed a gain of nearly a third in price. heime mercantile paper. 8% per oemt. Ster- | NI EHE Cf SeaE R e er . Livestock, ling exchange, firm, with actual business in e el h he: d bankers' bille at $ TG4 $s P deoniers in | dried fruits and oils are an cighthi higher, an provisions, chemicals and misceilaneous prod- at 8 SI@4 82 for sixty days Posted rates, [ hocs hve'al] oo a 34 824G4 83 and $4 88, Commerclal bills, | “Taying bank clearings as an index, the ouf " So\agc S0%. ~Silver certificates, 3S4@8Ms. | jook Al‘pre::m !-\'orxnmu total at the country’ bar silver, 59c. Mexican dollars, 47%c. Gov- ernment bonds, weak; State bonds, weak; rail- road bonds, irregular. Condition of the Treasury. WASHINGTON, Dec. 20.—To-day’s statement of the condition of the treasury shows: Avail- nble ci balance, $297,500,388; gold reserve, $238,919,482. London Market. clearing houses, making a comparison Wwith previous years, of 74 per cent over 1597 and of 51 per cent over 1592, while as compared with 1884 the volume of clearings has practically doubled. Active stock speculation and immense industrial floatings, but above all enormous trade and industrial activity, natucally swelled the volume of clearings in the Middie States, but the gaine in the New England group, in- cluding Boston, where copper-share speculation was extensive, and where are the ETeat manu- facturing centers, were also considerable. The largest monthly clearings up to December were reported in March, while outside of the metrop- olis the heaviest totals were shown as late as LONDON, Dec. 20.—Canadian Pacific, 83%: | October. The flurry in money late in December Union Pacific preferred, 76l: Northern Pacific | swelled the weekly bank clearings to an un- preferred, 74%; Atchison, Grand_Trunk, | Precedented sum, making possible an exception- €%: Anaconda,’s. ounce. Bar silver, steady, 27Xd per | lly heavy December aggregate. Decreases rom 159 individual cities were few and due malnly to changes in methods unconnected with the generally large business done. As com- pared with 134, every city in the country nat- rally reports larger clearings, but it is worth | noting that thirteen citles in all show decreases from the year 1582, which still remains at those cities a year of unequaled trade. The roads of ‘the country have done the heaviest business in their history, proved by the gains in gToss and net receipts over all previous records. That the transportation Interests are deter- | mined to share still further in the unexampled volume of tonnage offering is proved by the general advance in rates scheduled for January 1, 1900. Rallroad building, though mostly of Bank Clearings. "W YORK. Dec. 20.—The following table, complled by Bradstreet, shows the bank clear- ings at all the principal cities for the week ended December 26, with the percentage of in- crease and decrease, as compared with the cor- Percentage | branches and feeders, was the heaviest re- Cities— Inc. Dec. | ported since 15%, was double the average of New York. 1.3 " | the preceding four years and 50 per cent larger than in 185, The record of embarrassments has been of a steadily diminishing scale as regards number and even in liabilities the y record is an exceptional one, and were it not for a few large failures in the last two months of the year .| that pericd as a whole would have been fairly .| entitled to the appellation of phenomenal. | Though the year's record is not as yet complet and the returns as to assets and llabilities ar still more or less vague, it may be stated that the total number of fallures, based upon com- plete returns for eleven months and partial re- turns for December, will be in the neighborhood of 9530, certainly little in excess of that num- | ber, a ‘total smaller than in the preceding year by ‘17 per cent, %6 per cent fewer than in 1867, 36 per cent lower than in 1596, ver cent smaller than in 1 1594 and 40 per cent less | than in 1893, the year of panic. As compared with 1882 there is even shown a decrease of § per cent and the number of failing traders, firms or corporations is In fact the lightest since 1882 As ards labilities, while the showing is not o good as expected, there is a reasonable hope of the aggregate not being much in excess of $120,000,000, which would be | 15 per cent less than in 1595, 23 ger cent than fn 1887, 51 per cent less than in 1 cent smaller than in the panic year, 1593, and | only 11 per cent more than in 1892, a year of ex- ceptionally good trade. The return of normal | conditions is indicated by the percentage of assets, which may aggregate $2,000,000 to labil- 3 ) s Savannah’ . Denveg . Hartded Richmond . Memphts Washington Worcester Atlant Salt Lak pringfield, - Mass. i L4 ities, being only 5.6, as against 52 per cent l,"”x PR 3 last ‘year, 54.3 per cent in 189 9 per cent in i oo 189, 65 per cent in 1893 and 5 per cent in 1 Portland, Or. 5 The percentage of those failing in business, too " will show a marked shrinkage and wiil : among the lowest ever reported, the probabil 4 ties favoring a percentage of .00¢ & against .016 per cent last ye " » 3 0170 in 1582 and .0100 per cent In 1892, SAONIS & 800,137 s est_percentage in fact since 1882, S mington, S : That the improvement in business has made | Fall Riv 448,900 e itself felt at last in all parts of the country is | cranten 1,443,259 8.4 indicated by the Southern and Pacific States and Rapl 1.912.187 6.1 groups showing the largest decrease in failures Augusta, G Yoed w++ | from a year ago, fully one-third in each case. 3« | The business community looks forward to 1900 3 «+++ | with at least equally mixed feelings of hope : «--+ | and confidence. 1.3 Knoxville, Tenn 178 Bradstreet's Financial Review. Topeka . Birmingham Wichita ... Binghamton Lexinzton, Ky..... cksonviile, Fla Kalamazoo Akron NEW YORK, Dec. 20.—Bradstreet’s review of the stock market to-morrow will say: After the storm of the preceding week this one has seemed a decided calm. While the movements of prices have been irregular, they have been mainly in the direction of improve- ment, and there has heen an entire absence of liquidation or other tendencies which had so ! Wall street. Last Saturday’s bank statement, while not as good a one as had been tor. was nevertheless favorable, and it also’ evident that the strain the Rockford, T11. Canton. O. pringfield. P ux Falls, § T Neb. mont, asury and the New York banks. It | would indeed seern that the money has been under firm control and that financial interests of the largest caliber were determined that no further disturbance should be allowed while the preparaty for the January disbursements were in progress. Call money this week has not been above 7 per cent, and at the Stock Exchunge lower rates have been quoted on large transactions. Time money, however, is not at all plentitul, and most . commi houses hesitate about supplying thems aomomisie @ Totals, U. Totals outside York ... ot included in es at a 6 per cent rate, which is now the mini- mum, 219 1.1 totals because containing ‘The improvement in the money situation ad its counterpart In the better feeling at . which market apparently owes its ieerful tone to the fact that further gold | DOMINION OF CANADA. - shipments to the amount of some §3,350,000 are Mogiresl BT being made to it from New York to-day. The el e indifference with which the firmness of ex- Winuipes - change and the gold eXporting operations were regarded by the market was another feature of the week. There were no other factors of spec- | ulative importance, but with the removal of the | pressure to sell stocks there was an apparent reaction of sentiment, which favored higher 760,894 600,925 Hamilton . . John, N. B couver, B. C Victorla, B. C. 1,234 values throughout the list. Fresh buying by Totals $29,284,935 the public has not developed as yet. The bear interests, however, covered extensively, and pools and large operators found little opposition to marking up the prices for thelr specialtios. This process was plainly noticeable in the steei stocks and other industrials. The railroad share list was, however, relatively the most active yart of ‘the markit, both the standard g 3 i o dividend payers and the low-priced stock: EW YORK, Dec. 28.—Bradstreet's review of | ;. 0iny snarp advances. The volame of basr he Year in Business” to-morrow Will #ay: | hees however, showed a decided reduction, apd Rarely have sanguine commercial and finan- | despite the bullish manipulation just referred clal hopes or predictions found such adequate | to the general disposition of the street was to tealization as they did during 1809 Certainly | allow the market to become quiet, in tha hope nothing like the widespread and general up- | that the enormous dishursements on January 1, ward movement of values, alike of staples and i A velop caster money and a renewed investment and of securities, such as cccurred during this year, | speculative demand for securities. On Friday could have been foreseen. Linked with an im- the market was narrow but generally strong. mense business and a record-breaking produc- tion in nearly all lines of business and indus- | ¥———————————————————¢ try, except, perhaps, in some products of the Bradstreet's on Tr agricultural interest, there was with it an ad- vance of staple values, either of which alone would have made the year notable, and, com- NEW YORK, Dec. 20.—Bradstreet's to-mor- row will say: Hollday influence and stock taking imparts an appearance of dullness to general distributive trade, broken, however, by fair activity In reordered business to fill up stocks depleted by the heaviest holiday trade that has ever been experienced. Anticipation of spring trade wants has glven a more than ordinarily active appearance to business {n dry goods at New York, while in industrial lines the efforts of manufacturers to keep up with filled order books Is resulting in unusually active operations. Following the flurry in money and stocks and in some lines of speculative commodities noted last week has come, as was expected, a more cheerful tone and a firming up in quotations Is noted in such staples as cotton, which was affected by last week's moncy developments and also in hog products, ocffee, copper, tin and lead. The failure of cotton receipts to increase has been a source of strength in that market, more especially as the break recently is un- derstood to have afforded an opportunity to heavy short covering by foreigners. Aside from these features prices have displayed excep- | uofl-l firmness, cereals holding up especially weil. The strength of textiles is still a feature which finds justification in current statistics of large receipts and sales of wool and in re- ports of enlarged old and heavily increased new capacity in manufacturing lines. Another example of this is found in the fact that al- though wool receipts at Hoston for the year aggregate nearly double those of a year ago the stock held at the close of the vear is actually smaller than at the end of 185, One of the last of the manufactured textiles to feel the impetus of exmdlnx demand—cotton thread—has this week 'n advanced. Boot and shoe statistics point to an increase of shipments from Boston of 400,000 cases over the preceding year, and although recent mild weather has dulled the demand the outlook In this trade and in hides and leather s of con- siderable strength. record-breaker and set up new standards. The volume of domestic and of forefgn trade allke was the largest ever recorded, and the .bank clearings, reflecting immense business expan- sion, active speculation in stocks and immense new’ industrial floatings, far surpassed all pre- vious records. Prices, ‘as a_result, primarily, of the stimulation proceeding from supply and demand conditions, scored probably the great st advance in any single year and brought the general level of staple values to the highest point reached for more than elght years past. Fallure staiistics point to the smallest number reported for seventeen years past. These re- #ults have come to Dass in the face of a con- siderably lersened production of wheat and an mmense falling off in the vield of cotton. In industrial affairs the year has been one of enormous expansion. Certainly nothing like the general advance in wages of industrial em- ployes bas been witnessed In many years, and this has been accomplished with a minimum of friction. The close of the year finds order books filled to from three to #ix months ahead in nearly all lines. ~Distributive trade was naturally of Im- mense volume throughout the year, though mild weather at the close tended to modify the eatisfaction with which retail trade in winter fabrics was regarded. This however, partly compensated for by a holiday business surpassing all previous records. Notwithstand- ing_smaller exports of agricultural products during the calendar year, breadstuff shipments betng 15 per cent smaller. cattle and hogs 12 per cent less, and cotton shipments, owing to the short crop, at_least 15 percent less, there was such an expansion in our manufactured exports that the entire export trade of the year will con- siderably exceed that of the last calendar year, which was the heaviest recorded, and ~ will make the year no less notable in the line of foreign than in domestic trade, with a total of exports fittle less than $1,230,000,000—an aggre- gate which, if reached, wiil mark a gain of 3 T cent over the record total of 1848 Imports Bave naturally shown a marked revival and it the gain for the eleven months is maintained for 1o the effect that the plan for harmonizing the | Stocks— Dom Coal trunk line interests wag soon to be announced | Atch Top & § F.. 19% Do prefd. and that it would include Norfo'k and Western | Do prefd. L 61%| Bonds— well as Baltimore and Ohlo. Gains in the | Am Sugar. 2128 Atchison ds........ 87 seclaltics were larger than in the raflroads | Do prefd. -113% Mining Shares— et Sugar and Metropolitan were more | Bell Tel. | Adventure ..., % In iron and steel seasonable quiet as Trd.l new business is observable, but unabat tivity cn earller booked orders is rej n some cases no shut-down was for the holidays by mills and furnaces. A production little below 13,700,000 tons of ron is antici- bated, with all other of the month of December a total of a lttle be- Tow $800.000,000 may be expected, which would guarantee A total foreign trade well in’excess of $2,000,000,000—an amount, it might be re- marked, never before equaied. As to =, it'1s to'be noted that nearly & third of all aré | weekiy and unsold st | tablishnents. | higher than January 1. | iday week. @2%¢c: No. 2 Comn, ¥Xa3te; No. 2 Onta 24AZUC No, B Vhite, 2413@2ic; No. 3 White, : P he: M N Rartey. BMidic: No. 1 Flax Seed, $149i4: Prime Timothy Seed, §235: Mess Pork, per bbl, §§ §5@1) 20; Lard, per_ 100 Iba, $5 30475 67'4; Short-rib Sides (loose). $5 5G3 45; Dry Salted Shoulders (boxed). shStsc; Short Clear Sides (boxed), $6 5@ 60; Whisky, distil- lers’ finished goods,’ per gal, basis high wines, trades reporting similarly large increased out- puts; prices, despite the great advance of the year and doubtless reflecting the large orders ahead, are exceptionally strong. A gain in other metals Is a feature calling for note this week. Hardware is seasonably qulet, but trade reviews the .old year with satistaction and faces the new year with confidence. Wheat, Including flour. shipments for the otk Akgregate 3610557 bushels, against 2513 | §1 2% B ushels last week; 6,292, bushels in the | — — Shipments. cos o Articles— Receipts. corresponding week of 1568; 5,486,061 bushels in | _Articlee= & . Since July 1, this season, the exports of | Wheat, bushels, wheat aggregate 103,884,197 bushels, against | Corn, bushles. 121,525,729 bushels last year, and 061,516 | Oats, bushels. -8, Rye, bushels r fallures are the smallest in| Barley, bushels number for seventeen years past and were it not for a few heavy vere It| “On the Produce Exchange to-day the Butter nancial sus it stes e 16 26c; dair! December liabilities, which will exceed those | Market was st ety e eac, »e of 1592 slightly, would have been the smallest x""— .4 . for tweive years past. Tiac. Business fallures for the week in Canada number 22, as compared with 29 last week, 16 in this weck a year ago, 22 in 1597, 37 in 18% and 30 in 1895 Canadian bank clearings a Foreign Futures. gregate $20,253,000, a decrease of 16 per cent from last week, but A gain of 21 per cent over this week a year b LIVERPOOL. Wheat— Dec. Mar. May. Opening . sk s 2 X Closing . 5 . b 10%% Dun’s Review of Trade. : PARI Wheat— Dec. Mar.-June. Ope ¢ 1940 o s (B8 b W YORK, Dec. 2.—R. G. Dun & Co.’s| ppour— Weekly Rev will say to-morrow: | rening 2 0 No correct report of faflures in 1549 can be | made until the vear has closed. A collapse of speculation in copper stocks has swelled the ag- gregate at Boston alone over $15,000,000 within a few days and might yet add to the record. The failures reported are fewer in number than &ny year since 1583 and smaller in amount of commercial liabilities than in any year since osing Chicago Livestock Market. CHICAGO, Dec. 20.—CATTLE—Strong and active, generally 10c higher, including Texans and butchers' stock and canners. Feeders, 1881 The aggregate of defaulted labilities is | steady. Good to choice, $5 35@6 50; poor to $120,160,000, ‘but early two-thirds of the bank. | medium, $4 15@5 25: mixed aocks, . 1945 I8 ing liabilfties were added within a few days, | Selected feeders, $4 354 83; good 1o = cholce the aggregate reaching about §,900.00. The | cows. § 0G4 60; helters, $301 %0 eanters, $2 gommercial llabilities have been ubout $i9,20- | @3 10; bulls, $220(50;" calves, mend " | Texas beef, $4 %G5 %. ; No other years, except 1581, with defauited | clearances, mixed and butchers’, # 10gi 42 | Bood to cholce heavy. 34 25G4 45; rough hea $4 10G4 20; light, $4 10G4 40; bulk of sales, $4 25 @4 35. labilities cf $81,155,932, and 1580, with $65,75! 000, have fallures been as small .since the agency commenced quarterly returns in 15 The ave SHEEP—Slow to 10c lower. Lambs, 10@15¢ than “$9600 the smpieies, Per fallure 1 1% | Jcwer, except for cholce, _Native wethers, $ 13 twenty-five—a gratifying evidence that com- | @4 e D A mercial liabllities are further removed than | @460 Western lambs, $5 2505 75, usual from the point of danger. Receipts—Cattle, 2090; hogs, 27,000; sheep, The week has been exciting only at Boston, | 11.000. where the failures growing out of speculation and the efforts to re-establish banks and firms suspended have not given the week a holiday character. Yet general business is thoroughly safe and prosperous, and no important firms Portland’s Business. PORTLAND, Dec. 20.—Clearings, $278,615; bal- have failed, save some which were Individually | ances, $47,926. connected with concerns involved in specula- 2 ,— s Northern Wheat Market. The speculative troubles come because the volume of legitimate business and the unprece- dented distribution of profits, interest and div dends, made it no longer possible to carry some stocks on borrowed money. Prosperity, ltself, placed a check on speculative features. Wheat and cotton speculation has taken a hollday, prices scarcely varying, and the move- ment of both is surprisingly small. Atlantic OREGON. PORTLAND, Dec. 20.—WHEAT—Unchanged: only a few small lots are changing hands. Walla Walla, 52¢; Valley, 51@ Blue Stem, eared-Ship Glenholm, for Queenstown 100 bushels Wheat. During the month with | | exports of wheat, flour inciuded, have in four | 1€VeR cargoes hav Lok weeks been only’ §,215,618 bushels, against 19,- | & & g s 57 bushels last vear, and Pacific exports | TACOMA. Dee. 2 SERAgR 0 WAt Club, Slc; Blue Stem 3,314,271, against 3,856,508, "The corn exports con- tinued about as large as last year, but cotton exports this month have been less than half of last year's, With some decrease on takings of spinners. Accumulated stocks in mills and mar- kets, both here and abroad, are so large that there is no haste to pay tne prices asked. Foreign Markets. LONDON, Dec. French rentes, % —Consols, 96%; silver, 27Y 4e; wheat cargoes off coas The industries are closing the most extraor- | more inquiry; cargoes on passage, rather dinary year of thelr history. Long-established | grmer: cargoes No. 1 standard Californta, 29 branches have undergone a veritable recon- | /" Walla Walla, 274 English struction, vastly increasing their capacity, | 1%4: cargoes Wal'l ‘Walla, 27 glis! While new industries, which scarcely existed a | “OPPUY IAFRSES, BFML, (o o om: wheat year or two ago, have enlisted a vast capital, ek flowr: T Parte: duile Frenct altered the mode of business and production in oA weathes Ta Mt almest every direction and improved condi G d s elangs tions for the future almost beyond calculation, | S1084%. O : Electrical developments in light, heat and ( COTTON—Uplands, 4id. power, in making cataract work, performing CLOSING. wonders in the production of materfals and | ERPOOL, Dec. WHEAT—Spot No. 2 providing transportation all over the land, de- stern winter, , 58 10d. serve especial attention. For such reconstruc- Spot American mixed, steady. 3s 5%d. tion the increase in demand for iron and steel | products is the great feature of the year. With 416,733 tons unsold and 243,516 produced weekly, | January 1. hindered by severe weather so that the output, March 1, dropped 15,600 tons, but | expanding ‘In_every month afterward, the f dustry is now producing about 300,000 tons ks are reduced to 12 , and yet orde unfilled will require ine months' work from most of the es- Prices have not changed the though the demand for products little. ~The average prices closed Futures, nominal; January, ds 54d; February, 3s 5 LOCAL MARKETS. Exdum ge and Bullion. past week, improved 1185 per cent higher than January 1 for pig | Sterling Exchange, sixty days. = $4 821 and 102.8 per cent higher for products. | Sterling Exchange, sight....... - 4 8545 Industries which depend on individual con- | ‘ables - 4 893 sumption have gained less, though more than | N ¢ ange, sight. .- 123 population. Consumption of cotton has been | NW York Exchange. telegraphlc — 3 larger than ever, with an average advance of | Fine Silver, per ounce. 30 = oo 295 per cent In prices of goods, though cotton | Mexican Dollars. = S was for a time 32 per cent and is 29 per cent Wool has been ratsed b speculation 35 per cent, Lut has been very largely consumed, with great demand for goods, which have advanced but 17 per cent. Stoc now held are sald to be 157,398,879 pound Of boots and shoes the East has shipped 4%.- | Chicago reported business hindered by con. 009 cases or 9 per cent more than last vear and | o | tinued scarcity of cars. The market w o e 9 2i'z per cent more th; in 1592, but prices have advanced only about 11 per cent since January | irmer on better cables. Argentine shipments were 700,000 bushels. 1. In all these products trade shows a continu- ing strong demand, although quiet In the hol- | Spot Wheat—Shipping, 97%@9%%c; milling, §1 @1 02%. Wheat and Other Grains. WHEAT—Stagnation prevalls all over the world and prices show little change. Failures for the week have been 221 in the United States, against last year, and 25 in Canada, against 22 last year. CALL BOARD SALES. Informal Session—9:15 o'clock—No sales. Second Session—No sales. Regular Morning Session—May—6000 ctls, $105%. Afternoon Session—May—16,000 ctls, §1 05%. BARLEY—Therg is practically no inquiry, either on local or shipping account, and quota- tions are undisturbed. Speculation on call is New York Grain and Produce. | 5883 m@rasic for No. 1 and @QeTke for off W YORK, Dec. 20.—FLOUR—Receipts, | _F o for Mo. 1 an Y 10,755 barrels; exports, 150; dull, but steady, | rades: Brewing and shipping srades; S0G8Thc; Chev jer, nominal CALL BOARD SALES. Informal session—9:15 o'clock—No sales. Second Sesslon—No sales. Regular Morning Session—No sales. Afternoon Session—No les. OATS—Oat growers have been fortunate this | year. Owing to the holding back of the Oregon and Washington farmers receipts from those sources have been only 15 or 20 per cent of the | usual quantity this fall, which has given Cali- WHEAT—Receipts, 62,90 bushels: exports, §060; spot, firm. No. 2 red, Ti%c £. o. b. afloa 1 Northern Duluth, T9%c f. o. b. afloat: No. 1 hard Duluth, §i%c f. o. b. afloat; No, 2 red, T2%c elevator. Optlons opened firmer on | better cables than expected, but ruled dull and featureless all the day. Clearances were larger, although the export trade still lacked vigc closed dull but steady, %@%c net advance. W@T%c, closed, 15%c: Ma: 13-16 . closed July, closed T4%c; De- | fornia farmers the opportunity to place the | 5 13-16473 i-16c, closed 3%c. | reat bulk of the California crop at good HOPS—Quiet. | prices. Receipts from the north are increas- HIDES—Firm. ing, however, as the northern shippers are be- LEATHER--Steady. ginning to let go. The market continues dull. WOOL~—Dull White, $1104130; Bed, $107%@12; Gray, COFFEE—Options closed unchanged to 5| $1 (711 17%: Black. 9713c@$1 073, points advance. Total sales, 17,500 bags, includ- | CORN—Eastern White i3 quoted at $1 per ing: January, $5 95a6; Febru $6 1546 20; May, 625 tember, $ 45G6 50; fee—Rio, firmer. No. bing. Thc. Mild, firm: Cordova, SUGAR—Raw, firm, held h firm, but quiet. BUTTER— Recelpt: Western creamer: 26c; factory, 16G2 S—Receipts, ern ungraded | ctl and Eastern Yellow at $105@1 07 9T34c@sl 02%. KYE—$1@1 05 per ctl. BUCKWHEAT—Quoted at $1 90§2 15 per ctl. Flour and Millstuffs. FLOUR—California family extras, $3 6)@3 75, usual terms; bakers' extras, $3 40G3 50; Oregon and Washington, $3 40@3 50 per bbl for extra. mixed, August, 81214 igher. 227 packages; 3 @25c; June creamery, 22@ 565 packages; _steady. mark, 15@20c; Western, £ 25G3 40 for bakers' and $2 26G3 for superfine. CALIFORNTA DRIED FRUITS. STUFFS—Prices in sacks are as fol- NEW YORK, Dec. 2.—Evaporated Apples | 10WS, Usual discount to_the tra Graham | Flour, $3 25 per 100 _Ibs; Rye Flour, §2 75; Rye Meal,” §2 5; Rice Flour, Cornmeal, '$2 50; Oat Groats, #4 50: Hominy, '$3 @3 50; = Buck. wheat Flour, $4a4 25; Cracked Wheat, §3 75 Farina, $4 5: Whole Wheat Flour, $3 0; Rolled Oats (barrels), $#@72; In ucxé, £ TaT; Pearl Barley, '$; Split Peas, §5; Green Peas, " | %5 50 per 100 ibs. Hay and Feedstuffs. Quotations for everything remain undisturbed and the markets are featureless. BRAN—S$12 50413 { per ton. MIDDLI $17G20 per ton. FEEDSTUFFS—Rolled Barl, $16 50217 50 per ton: Olicake Meal at the mili, $26@27; job- bing, 327 50@28; Cocoanut Cake, $20@21: Corn- | meal, 323 2024 50; Cracked Corn, $4G75; Mixed | Feed, 316 50@17; Cottonseed Meal, 328 per ton. HAY—Wheat, $§7 G0q! for common to good and $9G9 50 for choice: ‘Vheat and Oat, $1g9; Oat, 36 50GS; Barley. 3576 8- Alfalfa, §@8 per ton; Compressed, $1@10 per ton. STRAW—85450c ver bale. Beans and Seeds. Very few Beans are belng offered, owing to the duliness of the market. Quotations have not changed for some time. BEANS—Bayos, $3 23@. 50: small White, §2 %0 @:; large White, 32 40g2 M:“P(nl.l, 12 652 75; | Red: 3 50; Blackeye, $4 50G4 75, Dot Tima, 4 W00: Pea, 08 2y g tTs, | 'neys, $3 50 per ctl. were moderately active steady at un- changed prices. STATE EVAPORATED APPL 6a6%c; cholce, TH@SYc: fancy. CALIFORNIA PRUNES—$i, quality. APRICOTS—Royal, 13fi15e; Moorpark, PEACHES—Peeled, 20@22c; unpeeled, New York Metal Market. NEW YORK, Dec. 2. Tin again displaved leading strength in the local market, but other | metals were discouragingly slow as a rule and destitute of interesting feature. Lead was about steady and spelter showed irregularity, wkile iron was heavy and neglected. At the close the Metal Exchange called: PIG IRON-Warrants lower for futures, LAKE COPPER—Unchanged at $16 50, TIN—Quiet and firm at 256825 50, | LEAD—Steady at $4 0G4 1 The brokers’ price for lead Is $1 45 and for copper $16 30. SPELTER—Easy at $ 5i@4 €5. and Chicago Grain Market. B — CHICAGO, Dec, 20.—Animated by a desire to emulate the Liverpool market, which exhibited some strength, and with light receipts as a support, wheat at the opening so far shook off the holiday drowsiness a& to show a shade gain. May opened at 69%@0%zc, and kept within that range. The close was steady, un- | SEEDS—Brown Mustard, 3G3%c: Yellow changed from vesterday at 64%c. The foreign Mustard, 4@4%c: Flax, 32 12%: Canary, 3c per demand flat and the ib for California and 4c ocal demand but | for Eastern; Alfalfa, little better and this from scalpers who took | 7@Sc: Rape, 2%@3c; Hemp, 4@4isc; Timothy, fractional profits. | g4 4@ siee. Corn was steady, but notable principally for | DRIED PEAS—Niles, $1 01 %; Green, $1 75 its dullness. May closed a shade under yes- | G2 % per ctl. terday. Oats were quiet within a range of only 1-16c for May, which closed unchanged from yes- terday. Provisions were dull, as the grain markets. The tone was steadsy, May pork closed unchanged. May lard closed unchanged and May ribs a shade over yes- Potatoes, Onions and Vegetables. There were large receipts of Los Angeles Veg- etables yesterday and prices were weak in con- | sequence. Potatoes and Onions showed no change. PO LATOES—Early Rose, %0@%c: River Reds, 60G70c; Burbanks, 50GSSc’ per sack: Salinas | Burbanks, $1@1 2: Oregon Burbanks, 40c@$l 10; | Sweet Potatoes, $1 2641 50 for Merced. but not as much so Open. High. Low. Close, .| ONIONS-Scast 3 per ctl for all kind - 4| VEGETABLES—Green Peas, 4alc per Ib; @% T % e | String Beans. {Gfc: Cabbage. Sic: Los An | Eeles Tomatoes, Gc@$l: Exs Plant from Lo W% WKy ey | Ankeles, 12@iTe: Dried Okra, e per Tog 30% 30% 30% 301y | Garlle, b@6lac; Green Peppers from Los Ange- o] 2% ar | les, 25@dc: Dried Peppers, Safloc: Carrote, 3o 40’ per xack: Los Angeles Summer Squash, $14 22 2 s gy |12 per box; Marrowfat Squash, $15G3) per ton. 8% 8% 0y Wi 156 1019 Poultry and Game. 108 10435 04| Dregsed Turkeys sold very well in the morn- 567% 565 56y | ik but later on free receipts weakened the May - 58 580 55| market and 2o was about the best price in ginort Ribe, per 100 lha— | g pgg | e Alternoon. Other Pouitry was in light sup: ALY ooonecnens b f $ ply and very firm, and some sales were made above the quotations. Game ruled firm and in_fair demand. POULTRY—Live Turkeys, 16G17c for Gob- $ l | 1 28 each: Horse Hid: blers and 16@17c for Hens: Dressed T @ic; Geese, per pair, 917567 Gou 2; Ducks, #4 5065 50 for old and 4 ; Young Rooste: ;. Fryers, $ logs or large and $3 5064 for $1 per dozen for old and ani y. for squabs. GAME—Quall, §1 5082; Mallard, 11 5iq young: Hens, 0ld Roost vasback, $3G4 10; Sprig, $3¢7%50; Teal 325; Widgeon, §24225:" Small 'Duck 3 ic per dozen: Hare, $1 351 5. R Gray Geese, $354: White, § ; Honkers, §i; English Snipe, : Jack Snipe, §1 25471 0. Butter, Cheese and Eggs. The Orizaba, from Humboldt with By, 1 not arrive in time for trade, hence 1+ ket continued bare of fancy creamery quotations, therefore. are purely e was unchanged. Egxs ruled scarce and firm, and price vanced_another notch. BUTTE! Creamery—Fancy creamery, %e; secon’ 2c. Dairy—Faney, 20c; common, 134 astern—17@15¢ [ CHEESE—Cholce mild new I1i4c; Young America, 12%@ 1% stern, 1316 15¢ per 1b. good to ch: ladle packed 12 Eastern— for ranch. and Lc for = for firsts dozen 1847 19 age, o fresh, 22g2%c. Deciduous and Citrus Fruiis There are no fancy red Ap ket. 1t there were they we box. Oranges sell slowly at the old quots Lemons continue dull and weak. DECIDUOUS FRUITS— Appl 65c per box for common, tor good, §1 251 80 for choice. BERRIES—Cape Cod Cranberries, # g Coos Bay Cranberries, $1 30 per box. Persimmons, 20G3c per box. Winter Pears, nominal. Oranges, $1 509: : snduu-. Japanese 3 rins, §150@1 65; Pomelos. $1G3; Lemo. 150 for common and $233 for good Mexican Limes, #4@4 50; California L 50c; Bananas. §1 50g3 per buuch; P 3 50G4 per dozen. Dried Fruits, Nuts and Ra DRIED FRUITS—Prunes, in sacks, 40-50's, 4@4%c for 50-60's, e for G10's, ., for 70-80's, 3c for $0-90's and e for Apricots, 11G13c for Royals, 124G lée for 3 parks and 14c for Blenheims. Pe Ligc for Standards, 6G6isc for cholce and © fancy; peeled Peaches, 12%@lsc; Eva Apples, 1G7%¢c; Sun-dried, 6@5isc per | tarines, $i3@% per Ib for red: Pea quarters and S@10c for halves. 3ipe; White Fi A@tie; Bleached Unbleached Plums, 1G7%¢ for pitted for unpitted. RAISINS—Bleached Thompson's—Fa: 10e: choice, 9c: > bleached T"lfimp:r Fancy, per Ib, § prime. fe: unbleached Suitanas. ©0-1b boxes, bc: 2-crown loose Muscate 3-crown, 6%c: 4-crown, 7e; Lendon 2.crown, $1 60 per box. 3-crown, $1 6. F Clusters, $2: Dehesa. $2 50; Imperial, 31 prices are f. 0. b. at common shipping poi- s in_California NUTS — Chestnuts, $@1c; Walnuts, § for standards and S@10c for softshell: | monds, 11%:#12c for paper-shell, 5Gidc for o ana 4Gc for hard shell: Peanuts, Eastern and 5S¢ for Caiffornia; Th@sc; Filberts, 13G12%c; Cocoanuts, $4 605, Comb, 11%@12c for bright and 10 Brazi] Pecans, HONE 11c for light amber: water white extract @Sc: light amber extracted, §%@7c; dark, & per Ib. BEESWAX~—24@G2c per Ib. Provisions. CURED MEATS — Bacon, 2%c per T heavy, 9%c for light medium, 10% for Ity 124c for extra light and 13c for sugar-cur Eastern sugar-cured Hams, 12§12%¢; California Hams, nominal; Mess Beef, $12 per bbl; extra Mess, $13; Family, §l4: extra Prime Pork §14 extra clear, §17 50: Mess, $16 50; smoked Beer, Ugie ser b, ARD—Tierces quoted at 6lc per Ib compound and Tiec for pure: half-barrels, pure, 8c; 10-1b tins, §i4c: 6-1b tins, $¥c. COTTOLENE~—Tleroces, T%¢c per 1b. Hides, Tallow, Wool and Hops. All markets under this head are quiet, and but little business is expected until after tha turn of the year. HIDES AND SKINS—Culls and brands sell about lo under quotations. Heavy salt steers, 13c; medium, 1lc; light, 10%e; Cowhid: llc; Stags, Tisc: Salted Kip, 10%e; Calf, | Dry Hides, sound, 18%@1%¢; culls and bra: Jic; Dry Kip and Veal, I7c: Dry Calf, Sheepskins, yeariings, 3G35c each: short W I 35@60e each: medium, T0g%c: long Wool, $15 salt, §2 2592 T8 for largs and $1 for small; Colts, 50c. TALLOW-] 1 rendered, So per Ib; No. Fall clip, San J in plains, 9@i0e; South- ern, $@10c; Middle ounty, 11@1dc: Humbol and Mendocino, Eastern Oregon. 1291 Valley Oregon, Northern Mountain, free, 11@14c; Northern Mountain, defective, 14 @11c per Ib. 9 HOPS—6@%o per Ib. San Francisco Meat Market. BEEF—1@7%c per 1b for Steers and $%C7a for Cows. VEAL—8@100 per Ib. pMUTTON—Wethers, 707%a, ewes, 64070 per LAMB-—8G8%e per Ib. PORK—Live Hogs, 6%c for small, $%ec for medium and 5G3%c for large: stock Hogs and feeders, §3,@0'4c; dressed Hogs, T@8%c. General Merchandise. BAGS—Calcutta Grain Bage, 7@7%e: Bags, 29G%0c. COAL—Wellington, $8 per ton: New Wel« lington, $8; Southfield Wellington, §7 50; Seatt 47, Bryant, Coos Bay. $§ 50; Wallsend. 33: Co-operative Wallsend, $8: Scotch, —; Cum- berland, $10 in bulk and $i1 50 in sacks: sylvania Anthracite Egg, $13; Cannel. $9 5 p ton: Coke. $15 per ton in bulk and $17 in RICE—China mixed, §3 5023 $4 2564 75 Wool pany quotes terms net cash, in 100-1b ba Cubes, A Crushed and Fine Crushed. Powdered, 5%c: Candy Granulated, Se; Granulat A%e fornla A, i Golden &, 4y rels. e more; e more. rels or its uivalent. B%c; boxes, S%c per Ib. Receipts of Produce. FOR FRIDAY, DECEMBER 2. Flour, qr sks.... 8§00 Chicory, hbl Wheat, ctls. 5 Lime, bbis.. Barley, ctls. Pelts, bdls. Rye, ¢t Hides, No. Eutter, ctls. Wine, gals. . Cheese, ctl: Brandy. gals.. barrel: boxes, l4c more; No order taken for less than 1-16c more: hall 50-1b_ba. Dominoes, balt-! Tallow, ctls. Quicksiiver, flsks ' Reans,” sks. Exgs, doz. 5w Potatoes, sks Hay, tons... s Middlings, sks Straw, tons. Bran, sks.. Hops, bale Onions, sks. Wool. bales... Leather, rolls. There was a fair business In securitie the morning session, but fluctuations were and narrow. In the afternoon the sugar stocks were firm and several advanced slightly. The other stocks showed little movement The Market-Street Rallway Company has clared the usual quarterly dividend of 60 cer per share. payable on January 10, The Sutter-Street Raliway Company wi the usual quarterly dividend of §1 % per next month. The Humboldt Savings and Loan Society declared a dividend of 3.60 per cent on t and 3 per cent per annum on ordinary dep< payable January 2. The usual semi-annual dividend of 2 per will be paid by Wells, Fargo & Co. s next month. The Crocker-Woolworth National Bank pay the us semi-annual dividend of 4 P cent next month. Four California quicksilver mining cor will pay quarterly dividends in January lows: Aetna. L. $10.000; Pos 1e, 3 Napa Con., 20c, $20,000; New Idria. 2. §20 After the next monthly dividend of & ¢ by the San Frangisco Gas & Electric Comp on the 24 the ditidonds will be pald quart at the rate of $1 per share, or 4 per cent. Heretofore the comnpany has paid 5 per eent. Phaint ETOCK AND BOND EXCHANGE. — | Insurance— # |Firem's Fund. — 20 Bank_Stocks— Continued on Page Eleven