The San Francisco Call. Newspaper, September 15, 1901, Page 31

THE SAN FRANCISCO CALL, SUNDAY, SEPTEMBER 15, 1901 SUMMARY OF THE MARKETS. General suspension of business yesterday. All local exchanges and many offices closed. Provisions quiet and firsn. Meat market as previously quoted. Dried Fruits in good demard and firm. Fruit and Vegetable trains and Plenty of Eastern Poultry on th boats arrived very late. e market. Butter, Cheese and Eggs as before quoted. Potatoes and Onions easy Yesterday a Close Day. | Testerday was almost a close day, as far busitess was concerned. The death of Presi- degt McKinley caused an immediate closing of c#tonges all over the United States, hence the usual stock and provision quotations from the East and West are lacking this morning. I San Francisco there was no business worth talking about, as not only the exchanges, but many of the downtown insurance and other offices remain closed in respect to the illus- trious Gead. Bank Clearings. The local bank week were $23,1 the same week Dried Fruit in New York. earings during the past against $17,637,820 during ar. w York say: *‘The de- moralization of the ralsin . produced by President Kearner's ng’ policy, end the slump in evaporated apples were the features last week. It will be practicaily impossible Dow to sell future California raisins until the troubles on t are settied one way or the other, and meantime the spot market is very week, the® lightness of stocks of loose raisins here being the only saving clause. Loose 3-crown were offered at toe end of the B believed this price could Sultanas, for prompt_ship- ¥rna, were a little easier Satur- Sale of a round 10t was reported on the of about 9ie, laid down hefe, for 1- Matl advices from ) day. basis erown. ““Prunes were very dull on spot all the week apd fatures were quiet, Bome business, how- er, was reported in 40-50s, 50-60s and 60-70s, Sante Clargs, laté at @ J%c basis. There wers rumors also of a ¥ic price for Santa Clara fruit. Peaches were quiet and generally neg- lected, cholce Muirs offering ‘gt 6ic, f. o. b coest, in bags. ““Currants declined further, Amalias offering on the spot et the close at §ic, while goods to arrive by trade as ) Jatter part . Cal coast. The trade, however, ep- little Interested. Possibly & few the market both here srrival of 1700 bags and ter at the close. and abroad was e T Weather Report. (120th Meria: SAN FRANCISCO, Sept. 14—5 p. m. The following maximum temperatures were Teported from stations in California to-day: Eureka, 5; Mount Tamalpais, §7; Independ- ence, ; Red Bluff, 9; Fresno, 9; Los An- geles, 75; Sacramento, %; San Liis Obispo, 18; San Diego, sco data: Maximum temperature, 56; mean, 66. THE COAST RECORD. F o2 z 2 bt A STATIONS. 3 z2 5 z g3 H £ g z - : 5 02 x ° 22 W o 8 0 0 0 o K] 0 o o 0 0 0 0 0 0 0 0 e .70 €8 102 0 WEATHER CONDITIONE AND GENERAL FORECAST. An grea of high pressure is central off the Washington coast, While an &rea of low over- ljes & rn California and Southern Arizona. The p > changes have been slight in all districts The temperature has risen, except along the fmmediate California coast, where there has been u slight fall. In the great valleys of Cali- rnia the temperature approximates about 55 rees Conditions ere favorable for fair and con- tinued warm weather in the interior and prob- cooler along the coast Sunday afternoon. t made at San Francisco for thirty ding midnight, Beptember 15, 1901: Northern California—Fair Sunday; continued warm; fre Southern California- ; light west wind Nevada—Falr, warmer Sunday; light north- west wind. San Francisco continued warm during cooler in the afternoon; &nd vicinity—Falr Sunday; the day, probably fresh west wind. G. H. WILLEO! Local Forecast Official, temporarily in ¢l o e # EASTERN MARKETS. * B New York Stock Market. NEW YORK, Sept. 14.—Following the prece dent set at the time of the deaths of Presi- dents Lincoln and Garfield the Btock E: adjourned immediately upon a out of respect 1o the memory of President M Kinley. As a consequence the money market and the exchanges were both merely nominal 7d threw no light upon the question of how Ejesident’s death would uffect the markets. The Only Jncident worthy of atiention was the w ekly bunk statement. The decrease in cash rendrves of $2,570,300 was rather larger than expected, even with the payments yet for Gov- | ernment bond redemption not included. But on the other hand the stock market liquida- tion during the week haw contracted loans of 2810,100, thus materially reducing the | Jew] reserve requirement, to the benefit of the wurplus, which is only lightly encroached upon. [arket succors had been achieved in the task wot for org «1 capital of recuperfting the wtock market from the heavy stroke of last Sat- Urday, when 1t hed to face the blow of the attempted ussassination jdent McKin- Jey. Beemingly no account was taken of the quick improvement nd supposed approach to recovery of the distinguished patient, for yes. terday when the Warning news was received of his relapse to near deatl’s door the stock market slumped and within fifteen minutes of trading after the opening the laborious results schieved by & week's careful nursing of stocks werc wiped out. Prices yesterday _evening ~ere generally Jower than on last Saturday. During the week they had been at one time Jretty fully restored to the level prevailing be- fore the attack upon the President. The first measures concerted for the protection of the market were by the Clearing-house committee. Acting ms _the representatives of all the Clear- ing-house banks and of the foremost financiers and capitalists of the country they were able 1o secure the co-operation of all those great fopces as one for guarding the money market bundent credits for all solvent ¢ ual needs. Skill- fu] operators In stocks were on the fioor of the exchange to protect values there by keeping up bids for stocks, taking offerings at moferate declipes and so preventing the reckless sacri- fice of holdings and the wiplng out of collateral margins for loans. These objects were not schieved without & lavish outlay of resources, 28 the liquidation was heavy and urgent and persistent, but success was manifest before trading bad D long on Monday. But | fhe financial wisdom which presided over the movement saw with a Jealous eye the heavy inroads making on monev resources by the witharawals frem circulation of the surplus 1o cholce hea revenues of the Government 2t a time when the need was so urgent. The appeal which was formulated to the Secretary of the Treasury met with a quick response by invitation for tenders of bonds for redemption to the amount of $20,000,000 and the diversion of $50,000,000 of internal revenue collections -into national de- positories. This relleved somewhat the drain which the sub- Vi day upon the Th, ew York money market. ! bond tenders were disappointing in amount, bul the payment for the $7,000,000 accepted, which was made in cash on Friday. was an effective aid to checking the demoralization caused By the bad news from Buffalo. During the middle of the week there was so much success shown in the effort to protect and recuperate the market that some dieposition developed to set on foot an active speculation for a rise. Heavy realizing was accomplished under influence of this movement by those who had bought heav- ily to sustain the market on Monday and early this week. This' not only relieved the situa- tion by strengthening the sources of this ele- ment, but also ch ed the injudicious specu- ; lation for a rise. The acute effect produced upon stocks and the heavy selling of stocks vesterday was ample warning that the money market resources must be still carefully con- served if the stock market is to be protected from a calamity in the growing demands for money in the channels of trade and in the strain caused to all business and credits by the nisfortune to the head of the Government. Liquidation of railroad bonds has been much lighter than of stocks and at less cost of values. United States bs advanced }, the 2s & and the new 4s 1 per cent, while the 3s declined 3 per cent on call during the week. Weekly Bank Statement. NEW YORK, Sept. 14.—The statement of the Associated Banks for the week ending to-day shows: Loane, $572,266,100; decreased, $13,879,700. De- posits, $821,433,000; decreased, $16,! 00. Circu- lation, $80,796,100; increased, $12,70. Legal tepders, $72,013,100; decreased, ‘81,680,700, Specie, $167,975,700; decreased, $2, 400. Total reserve, $239,968,800; decreased, = $3,570,100. Reserve re- quired, $202,858,250; deereased, T Plus, §7,110,50; increased, $184, ‘The Financier saye: ‘The bank statement of last week was made on rising averages for cash, because of the large payments for bonds by the Treasury, which were only partially reflected In the re- tu The diversion Into the banks of internal nmue collections under Tuesday's order of ! Secretary of the Treasu: did not become fully effective last week, because upon its pro- mulgation there was considerable sums transit to the New York subtreasury from ‘Western points. From this diversion of inter- nal revenue collections therefore, there prob- &bly were moderately large amounts of money added to the cash of the banks on Saturday and further contributions will be made In the current week. The decision of Secretary Gage to continue to purchase 3, 4 and 5 per cent Government bonds may cause large offerings of such bonds this weck and upon the acceptance of these offerings of such bonds payments will be promptly made. Therefore, considering the above facts, there would seem to be fairly large amounts of cash already in the banks not shown by the state- ment and made the sums which may be rea- sonably expected early in the week. If money rates could be kept firm without deranging speculation there would seem to be a reason- able assurance of imports of gold from Europe, sight exchange now being quite close to the gold-importing point. It is probable, however, that the relief which the money market has already received and that in immediate pros- pect will tend to restore normal rates for money, thus causing the postponement of gold imports from Europe. Exports of Specie.’ NEW YORK, Sept. 14.—The exports of specie from this port to all countries this week ag- gregate $1,132.914 silver and $1,430.000 gold." The imports were $62,407 silver and 380,855 gold. The Imports ot dry goods and merchandise this week are valued at $5,560,984. Eastern Livestock Market. CHICAGO, Sept. 14—CATTLE—Recelpts, 500, including 400 FPexans. Westerns, steady at recent decline on all kinds. Good to prime steers, nominal, $6@6 70; poor to medium, $4@ 590; stockers and feeders, $2 5004 25; 2 50@4 6 heifers, $2@5; canners', $1 5 ; calves, T Western steers, $3 7@ OGE—Receipts _to-day, 11,00 000; left_over, 2150 _Stea Mixed and butcher: 6 40: light, $6 35 ¢ SHEEP-Receipts, sheep, stead to choice 4 5; fair to choice mixed, $3 ern sheep, $3 25@4; na- tive lami Western lambs, $4@5. ST. JOSEPH. ST. JOSEPH, Sept. U.—CATTLE—Receipts, 1500, Market steady; natives, §2 75@6 15; Texas and Western steers, §2 60@5 75; cows and heif- ers, §1 2@4 55; bulls and stags, $2@4 50; stock- ers and feeders, $1 75@3 85; veals, 32 505 60 S—Receipts, 3200. Market steady to 10c higher; light and light mixed, $6 37%@6 60; medtum_and heavy, $ 524@6 70; pigs, $3 50@ 6 10; bulk, 8 SHEEP ¥ none. Portland’s Business. PORTLAND, Or. 092; balances, $34,11 Northern Wheat Market. Sept. 14.—Clearings, $290,- | WASHINGTON. TACOMA, Bept. 14—WHEAT-Blue stem, B5%c; club, Bélgc. OREGON. PORTLAND, Bept. 4. —WHBAT—Walla 4@54l%c; valley, 55@b6c; blue stem, Foreign Futures. LIVERPOOL. Wheat— Bept. Dee, Opening . % 5 74 Wheat— ept. Jan,-Apr. Opening . 0 22 85 Closing 22 58 Flour— Opening . 28 45 Closing LONDON, Bept. 14. the coming series of wool muction sales num- ber 161,365 bales, of which 24,600 were fore warded' direct. Condition of the Treasury WASHINGTON, Bept. 14.—Becretary of the Tressury to-day purchased $184,000 long-term 4 per cent bonds at 140; $1100 threes at 108.671; short-term fours at 113.323. London Money Market. LONDON, Bept. 14.—Money, 1@1% per cent. Bar silver, steady, 27d per ounce. e LOCAL MARKETS. The Produce Exchange held no business ses. sion yesterday owing to the President's death, hence quotations for grains, mill and feed- stuffs, etc., are omitted. te Exchange and Bullion. Sterling E: e, Elerllr: &“ .l 2522 % ange, - New York Exchange, 123 Bilver, per ounce.. [ Mexican Dollars, nominai o Potatoes, Onions and Vegetables. RN Recelipts of Rlver Potatoes are lighter, as . growers have diminished their shipments since drices declined, and the feeling is rather stead- ier in consequence, though prices remain un- changed. Onions also stand about the same. Trains and boats were generally late, and & good deal of the usual stuff did not get im until too late for the market. This veciaily true of Tomatoes and Corn, POTATOES—50c@$110 in sacks for Burbanks was ea- | frem the river; Salinas Burbanks, $1 40@1 55; Sweets, 50c@#’ for Rivi s @8 ers and $0c@$110 for ed. ONIONS—90c@$1 05 per ctl; Pickle Onlo: 50 T i V., ABLES—Green Peas, 1! c; String Beans, 2%4@3c; Limas, 3@do; c‘iv?f.“.e. iy per ctl; Tomatoes from the river, 2>@3fc; from Alameds, 20@s0c; Dried Peppers, . 10@12ic; Green Okra, 40@50c per box; Carrots, 25@3c per sack: Cucumbers, Bay, 25@30c; Pickles, 1},@1%c per 1b for small and %@lc for large; Garlic, 2? dc: Green Peppers. 26@60c per box for Chile an 20@%e for Bell: Egg Plant, 2%@i0c per box: Green Corn, 25@éSo per sack; Alameda, 500@$i per crate; Berkeley, 60@65c; Summer Squasl large boxes, 20@35c; new Marrowfat Squas $20 per ton, Poultry and Game. One car of Eastern came in, making five for the week; and as three more are expected to-morrow it will be seen that the market is well supplied: with Fastern stock. Receipts of locai fowl were Insignificant, as usual on Sat- urday. POULTRY—Live Turkeys, @1 and T2@lec for Hens: Youis Mutkers shosen: Geese, per palr, $150@1 75; Goslings, $1 50@1 Ducks, $3@4 for old and $3 50@5 60 for young Hens, $3650@4 for common and $ 50@5 for choice; young Rooster: $450@5; old Roos- ters. $4@1 50; Fryers, $i: Broilers, $3@3 50 for large and §250@3 for small: Pigeons, $1 25@1 50 per dozen for old and $1 50@1 75 for Squabs. GAME—Doves. per dozen, T5c@$l; Hare, T5c@ $1; Rabbits, §1@1 25 for Cottontail and $1 for Brush; English Snipe, §3 60; Jack Snipe, §2 per dozen. Buiter,” Cheese and Eggs. ‘The market stood about the same all around. Butter continued dull, Cheess was steady and Eggs were firm for fine ranch and dull for everything-else. 4 Receipts . were 20500 pounds of Butter, —— pounds Eastern Butter, 454 cases of Eggs, 460 cases of Eastern Eggs, 10,900 pounds of Califor- nia Cheese and 3000 pounds of Eastern Cheese. BUTTER—Creamery, 24@2c per lb for fancy and 23:: f?.r‘ seconds; 18@22%c; store But- ter, 15@iT4c per Ib; Creamery Tub, 18@2c; Pickled Roll, 19@20¢ 184@19c per 1b. ' old, 103c, 2c per 1b; Eastern, 13@lsc. EGGS—Ranch, 30@84c for choice to faney, and 26g2%c for falr to good; store, 22@%c per Young dozen; cold storage, 22§224c; Eastern, 17@22%c. Deciduous and Citrus Fruits. The market was thrown out of gear yester- day by a general lateness of trains and boats, almost everything arriving away behind time. Quotations showed little change and the mar- Ket, ‘in default of the regular supplies, was in- active and spiritless. DECIDUOUS FRUITS. APPLES—75c@$1 25 per box for good to cholce and 35@65c for ordinary. CRABAPPLES—60@T5c per box, according to package. PLUMS—0@60c per bax; Prunes, 40@60¢ per crat PEACE @65c_per box and $15G20 per ton for Frees and §20@35 for Clings; Peaches in 1 e accord! in_Peaches, 50@ TARINES—Red, 40 EGR. NE: 5 per ANATES—65@75¢ per box for small 150 for large boxes. ARS—-Bartletts, $1 25@1 60 per box fo box. No. ; other Pears, 35@65c pef box. per box. S—$6@7 per chest for Long- @5 for large berries. RR —$3@> per chest. BERRIES— — pér chest. RRIES—$6@S per chest. RASPBERRIES HUCKLEBERRIES—7@Sc per Ib. . 2@Tsc for double layer boxes; MELONS—Nutmegs, 85@Sic per box; Canta- loupes, @$1 25 per crate; Watermelons, $3@25 per 100, ¢ GRAPES—Large open boxes bring about 50 per cent more than small boxes and crates, which are quoted | as follows: Fontainebleau end Sweetwater, 5@ Tokay, §0@75c per box; Museat, 50@7ac; less, $1; Black, 40@50c; Isabella, 50c@$1; White Cornichon, $1; Wine Grapes, $27@30 per ton for Zinfa and $18@22 for white. CITRUS FRUITS—Oranges, 50c@$3; Lemons, $1@1 25 for common and $2 50@3 50 for good cholce: Grape Frult, $1G2 50; Mexican Lim 3@ Bananas, $125@2 25 per bunch; Pinea ples, §150@3 per dozen. Dried Fruits, Nuts and Raisins. Conditions remain unchanged. The feeling in fruits remains firm and the demand is good. FRUITE—Apricots, 7£@9%%c for Royals and 8@12%c for standard to fancy Moorparks; Evaporated Apples, 714@8%c; sun dried, 4@4ie: Peaches, 6@sc: Pears, 6@ic; Plums, pitted, 4@ Sisc; u 1G%c; Nectarines, * 6@6be’ fo A and agene fof white: Figs. e 1o tlars PR Old crop are quotéd by the Asso- clation on the basls of 3%c for the four sizes, New crop are quoted on the basis of 3}@3%c for the four sizes. RAISINS—Are cleaned up and nominal. NUTS—Walnuts, No. 1 softshell, 12@12%c; No. 2, 8@S%c; No. 1 hardshell, 10@10%c; No. 2, $4@7%c; Almonds, 13@Mc for papershell, 10 1ic for coftshell and 5@Sc for hardshell; Pea. for Eastern; Brazil Nuts, 12@12c 12@12%c; Pecans, 11@13c; Cocoanu: 0@ HONEY—Comb, 12G12%c for bright and 109 12¢ for light amber; water white extracted, 5% Géc; light amber extracted, 4%@sc; dark, 4% 4%c. BEESWAX—25@28¢c per Ib. Provisions. Quotations remain unchanged, with a firm market. s CURED MEATS—Bacon, 12 per 1b for heavy, 12%c for light medium, 13%c for light, 143 for extra light and l6c for sugar-cured; Eastern sugar-cured Hams, 14@14%c; Californis Hams, 13'4c; Mess Beef, $11 per barrel; extra Mess,” $12; Family, $12 50; prime Mess Pork, 315; extra clear, §53; Mess, $19; Smoked Be lic per pound. LARD—Tlerces quoted at 7%@Sc per Ib for compound and-11%e for pure; half-barrels, pure, 11c; 10-b tins, 12; 5-1b tins, i2te. COTTOLENE—Oné half-barrel, 9%c; three balf-barrels, $%c; one tierce, 9%¢; two tlerces, Sc; five tierces, 8%c per b, Hides, Tallow, Wool and Hops. HIDES AND SKINS—Culls and brands sell about 1%c under quotations, Heavy salted Steers, 104c; medium, S%c; light, 9¢; Cow Hides, 9c for heavy and 9¢ for ligh 6%c; Salted Kip, 9%c; Salted Veal, 100: Salted Calf, 10c; Dry Hides 16G16%e; Culls, 14c; Dry Kip, 16c; Dry Calt, Iic; Culls and Brand; Bheepskins, shearlings, 16G30c Wool, 30@60c each; medium, lony Wool, $0c@$l each; Horse Hides 275 for large and $2@2 35 for flu 175 for_small and Bc for Colts; Horse Hide ary, $1.75 for large, $1 2@1 60 for medfum, §1 25 for 'small and ble for Colts Deersking—Sun mer or red sking, 6c; fall’ or medium aiin hin skins, 20c. Prime Angoras, 7oc; large and smoo m';d;f?'rbw‘n 1 rendered, 4%Q4 /] —No, rendered, H No. 2, #5@éc; grease, 34@ic. H0INs e 1o WOOL~8pring, 1900 or 1901—Southern, _de. tective, 7 months, 7@dc; Oregon Valley fin U@ibe; do, medium and coarse, 11@1dc; Ore- ’cn, Tastern, cholee, 11@1dc; do, fair to ood, satic; E'X‘fioi i, Fall-Han Touquln, () HEbeNew, Soaise par 1h, 10 San Francisco Meat Marke!, Previous prices rule. The supply of every- thing fs fully equal to the demand. Wholesale rates from slaughterers to déalers are as follows BEEF-6@6%o for Steers and 6@b%o per Ib for Cows. VEAL—Large, 7@8c; 11, 8 . "Ud‘-l'l'ON—r‘I.ethm me.'lc; Em,?&l‘za per poun: ORI dve toga. 500 ths and ~Live hogs, s s i over 300 b3, SUGaHc: feoers -t eaner B wot cent off; boars, 60 per cent off and stags 40 per cent off from the above quotations; dressed Hogs, T%@%%e. General Merchandise.. GRAIN BAGS—Calcutta Grain Bags, 4@ T%e; local make, ¥c less than Calcuttas; Wool Bags, 33@i5c: Fleece Twine, 7%@8c; Fruit Bags, 5%@8%c for cotton and 7@T%c for jute. COAL—Wellington, $ per ton; Southfield Wellington, $9; Seattle, §7; Bryant, $6 50; Coos Bay, 50; Wallsend, $9; Co-operative Walls- Cumberiand, $12 50 in bulk and $13 76 in Pennsylvania’ Anthracite Egg, $14; Can- Coke, 315 per ton in bulk and ky' Mountain descriptions, 45 per 2000 1bs and $8 50 per ton, according and, $4 10; No. k{ extra, 35 1 it P s%‘; {3 3 ana, ‘4@ 50: Hawatian, nominal. OfLS—California Castor - Oil, in. cases, No.-1, 70c; pure, $122; Linseed Oil, in barrels, boiled, @c; raw, 67c; cases, ¢ more; Lucol, ) NEW DISTRICTS PRODUCING DIL Good Strikes Are Cred- ited to Widely Sepa- rated Fields. Shipping of Petroleum to Eu- rope Is About to Begin. From three localities in the State news has come during the past week of the striking of ofl. In the Upper Mattole country in Humboldt County, near Oro- ville, Butte County, and at Carrega, Banta Barbara County, the drillers have sent out cheerful reports concerning their work and results. The full significance of the discoveries will not appear until later. E According to one dispatch a well on the Carrega ranch spouted, throwing ofl thirty feet in the air. The Santa Barbara papers accept the statements that are made in this connection and the Santa Barbara Independent says that, while a Beaumont gusher has not been found in the Santa Maria district at Carrega, the well is a good one and runs forty barrels per day, with an excellent chance of doing better as soon as it has been cleaned out. | Concerning the reported strike near Oroville, the Chico Enterprise gives some facts. The well is near Peter Marks' place. The drill‘has passed through 1% teet of sandstone and has reach.. a depth of 600 feet. M. M. Ogden visited the well and ordered that the material should be taken from the bottom of it. Ogden told the owners of the well that he was satisfled that when the well is a little deeper a very large quantity of ofl will be_found. The Humboldt Times gives the report concerning the discovery of oil in Hum- boldt County. The depth reached was 1500 feet in the Hoagland well. The Times says that the oil found in the Hoagland well may be from a seepage. The quan- tity of ofl actually found Is unknown. Professor Watt is in the vicinity and is | making examinations of the lands along B eing th of August, uring the month of August, Bakersfield Californian, lfi:’ s;;er; t;; Railroad Company purchased 315 carloads of oil in the Kern County fields. While this was not as heavy a purchase as for the month preceding, it amounted to one- fifth of the entire shipments from the field for the month, the total being 1300 carloads. Outlook Is Gratifying. The National Oil Reporter figures out that the outlook for American petroleum Is very gratitying. “We have heard much of the Russian, Sumatran and other men- acing regions of oil, but it is a significant fact that the demand for Pennsylvania ofl still continues. In July of this year the shipments of Pennsylvania = oil amounted to 106,000 .barrels a day as against 88,000 for July a year ago, and 76,000 for the same month two years ago. Lima shipments amounted to 4300 barrels a day for the last month and 31,000 bar- rels during July, 1800. From California come reports of stiffening prices and a more systematic effort on the part of pro- ducers to force better conditions both in marketing and transportation. Taking everything Into consideration and except- ing seme handicaps that must be endured the present status of the petroleum jn- dustry of the United States may .be said to be very gratifying to all those in the trade and its allied interests.’” The Los Angeles Herald does not be- lieve that a war between the large and small oll companies in the Kern County fields over the plan of consolidation pro- posed by W. 8. Porter will follow the an- nouncement of the work of the commit- tee of appraisers who are trying to reach rA fair basis of valuation for the proper- ties of the several ofl companies in the Kern and McKittrick districts. “The in- terests in the Kern River fleld are so great,” says the Herald, “and are so in- terwoven that there {s Ilfttle reason to fear a war. While the reasons for op- position are not fully stated, it appears that leasing’ companies are afraid that after their leases are taken Into con- sideration there will be a smaller allot- ment of value for the stockholders than they have in their independent com- panfes.” Shipping 0il to Europe. The shipment of American fuel oil to Europe begins this month. The oil goes from the Beaumont field to England, where a large trade in this fuel may be developed. The first shipment will be 50,- 600 barrels, which will sall on a tank steamer. The biggest blowout that has ever taken place in the Kern River field, accoraing to the Bakersfield Echo, must be credited to the Illinois Crude Oll Company, operat- ing in section 32, 28, 28. Upon piercing the and at 50 feet ofl, sand and water flew into the air over the derrick, the flow continuing for an hour. The force of the “blowout” was so great that the sand cut off some of the walking beam. The Los Angeles Herald glves an ac- count of a company with a capitalization of $10,000,000 that has been formed to search of oil in Wyoming: The main office s to be at Evanston. The company_owns 51,200 acres of land in South- western Wyoming. There are 10,000,000 shares of the par value of $1 each, and besides Sena- tor Kearns the incorporators and -directors are Senator Clarence D. Clark of Wyoming, S. B. Elkins Jr., a son of Senator Stephen B. Elkins of West Virginia; Perry Heath, R. C. Kerens and R. C. Kerens Jr, of St. Louls, P. J. Queal- ey of Kemmerer, Wyo.; Frank J. Westcott ot Salt Lake and E. L. Doheney of Los Angeles. The Wyoming land was located by Senator Clark in the fossil country®south of Kem- merer about fifteen” years ago. At various times he has tried fo interest capitalists in his proposition, but without success. - Soma months ago Senator Clark went to Salt Lake and induced Senator Kearns and Perry Heath to ko up to Wyoming and look over the flelds. They consented to go in with Senator Clark to exploit his possessions. L e Y ] §9c for bolled and 670 for raw in barrels Oil, extra winter strained, barrels, 80c 86c; China Nut, 550‘7710 per gallo) foot Ofl, berréls, 67%c; cases, 72 8 pure, 650; Whale Ofl, natural white, 40@46s per allon; Fish OII, 'ln barrels, 374} cases, c. OIL—~Water White Coal Ofl, In bulk, Oll, in_cases, 19c, Lard P , stra) 1%c; Extra Star, 23 4 lt i’c L deodorized stove g Ine i in Sic: Benzine, In bulk, 14e: In casen. 400; greo Gasoline, in bulk, 200; in cases, 260 TURVENTINE-c ber gallon in cases and llg‘;:l‘Athuml or iron barrels. R-—The Western Sugnr Refinfng Com. pany quotes, per b, in 100-1b bags: Cuber, Crlflhld and ¥ine Crushed, b,100; Powdered, 4.060; Candy Granulated, 4.95c; Jr; Grenulated, 4.860; Confectioners' A, 3 Truit Granulated, 4.85c; Beot G o8 b bags, 100 m than 76 barrels or its equivalant, Domi« for 1 inos, halt-barrels, 6.35c; boxes, b.600 per 1b, Reccipts of Produce. FOR SATURDAY, SEPTEMBER u, our, ar sks..... 16,453 Bran Whee, % 2,765 Middling ¢ Barley, ot 664 Oats, ctls 201 Beans, sk + 18,860 Ttye, ctis. 107 68 b Onfons, sks..... # STOCK MARKET. Al the loeal rtock exchanges rematned closed yesterday in respect to the memory of Presi- dent McKinley. The Stock and Bond Ex- change, with a taste not often employed in dry financial affdirs, issued its daily list with mourning borders, and the simple announce- ment, also inclosed by a mourning border, “This toard stands adjourned until Monday, September 16, 1901, out of respect to the mem: ory of cur late President, William MeKinley. " he Bachelors Ofl acsessment of 3c fell de- the assessment of 3c eading sales being as_follows: hares; California Standard, Independence, 7600; Junctiom, 7500} Monarch, 3000; Petroleum Center, 1100; Peerless, 1315, Exchange last ‘week amounted to 37,624 shares, valued at é?n" r 25005 CONSLLS WAITE IBOUT COPPER Red Metal Abroad Gives Government Theme " of Interest. Mining Properties Finding Ready Purchasers in the East. ——— ‘The September compilation by the Gov- ernment of American consular reports af- fords a large .amount of informa- tion interesting to the producers of cop- per on the Pacific Coast. The treatment of copper in nearly all European coun- tries, in Japan and Austraiasia, in Can- ada and Mexico, s described. The collec- tion of facts was brought about, so the preface to the articles sets forth, in re- sponse to a request made to the Govern- ment by a New York firm. It is impossible to do more than to give the more important facts contained in the several papers, which are quite volumin- ous. Processes are described at length. Germany, it is set forth, produces only one-thirteenth of the electrolytic copper it requires and one-third of its general supply for other uses. The electrical con- sumption of copper in Germany is about 40,000 tons per arnum. From all that can be learned Germany has little to teach Americans concerning the electrolysis of copper. The greater part of all native ores in Germany are reduced -by the smelting and roasting -processes, and grinding plays a comparatively subordi- nate part. ““When crushing and pulverizing machinery 1s used,” writes Consul Frank H. Mason from Berlin,’ “it is one of three kinds—stamp mills similar to those used in the United States; roller mills, in which two large, heayy wheels are hung at the ends of the horizontal axle, revolving at the center, by which the wheels are driven round in a circular path through a trough filled with ore; ball mills of the Krupp pattern, in which heavy iron spheres are driven round in a concave channel which fits the contour of the spheres. Of these three thé ball mills are most in use, especially for finely pulverizing ores or matter for electrical trea ment. Screening Is likewise of small import- ance in the Hartz Mountain copper district, for the reason that in the German process of reduction the size of the pleces is relatively unimportant.” Cost of Milling Ore. Any American owner of low grade cop- per mines who wishes to obtain the judg- ment of the German experts concerning the best way to work them and also the approximate cost of the plant, of the Ger- man type, of course, can do this without expense by sending to Consul Mason ten- pound samples of the ores produced by the mine, together with full and precise information on various essential points. Consul Robert P. Skinner, writing from Marsellles, asserts that the cost of hand- ling copper in France by the Manhes pro- cess is about 328 95 per ton. The Manhes process is quite simple. Instead of sev- eral costly operations the treatment is limited to a single casting to produce matte, after which the work of the con- verter comes directly. Concerning the copper working at Corn- wall, England,.Consul Howard Fox re- ports that the copper at present produced in Cornwall {s almost entirely a side pro- duct of the mines worked for tin and arsenic, and, in some cases, wolfram. Siz- ing and concentration of copper ores is not extensively carried on. In Norway the Manhes process s in use generally. Rich deposits have been re- cently discovered in Nordland, Northern Norway, ‘so writes Consul Bordewich. Copper pyrites, largely mixed with tron pyrites and magneti¢ pyrites, are the ores oftenest appearing in Norway. A large part of the pyrites is exported in a crude state, the country having no sul- phur refineries. The Government has sent experts abroad repeatedly lo study the different systems of treating ores. In Austria, according to Consul General Hurst, the treatment of copper ore is still on rather antiquated lines and the output is_small. There are Included in the collection of consular reports other papers that have technical rather than general interest. The attention of miners will be attracted to the feature that the Government, while seeking to ascertain the facts concerning the crops of European countries that may affect the marketing of the agricultural output of the United States, is also pay- ing much more attention to the mineral industries than formerly. Working Coast Mines. The Ashland Tidings reports that the price paid for the Golden Standard mine, on Galls Creek, owned by Jacksonville parties, was $40,000. This Is a quartz prop- osition that has been worked for several years. }Mlneml Wealth estimates that the in- stallment of electrical power in Shasta County will save 50 per cent to miners and smelter men for power, and still give the electrical power companies a good profit. The Mountain Copper Company, according to Mineral Wealth, employs ahout 200 horsepower, and the saving by the use of etectricily will amount to from $8000 to $10,000 per month. Low grade ores that could not be worked heretofore at a profit will be in demand. Facilities for creating electrical power in the adjoining countles of Trinity and Siskiyou are about unlimited, and these counties will find electricity a factor in the economy of pro- duction in the future. ‘The Sheba quartz mine, in Scott Valley, . Siskiyou County, at Patterson Creek, has been started ug with a full force, accord. ing to the Yreka Journal. Troubles among the directors are at an end and development work s progressing. The Boston . Company, that has the Black Bear mine, in the Salmon River section, has made several improvements in the PRLfARA Hughes reports to the San Luis Obispo Tribuna that the Klaus quicksilver mine is working about fifty men and the furnace is turning out quicksilver night and day. Houses will be buliit at once for the workmen, many of whom have been living In tents. Operations at the Zantgraff minc, near Augurn Placer County, will be resumed has been bonded to e Auburn Republ(c--: al soon. The property Eastern feaple. says that fourteen men are at work the Lee Butts claim, near Cisco, ies in Plumas. A Chi syndicate, according to the Orovfilo“: n{cr, 1 bout to operate mines in Plumas County, about Bawpit Flat, Richmond Hill and Buckeye as a hydraulic proposition. A 2000-fot tunnel will be run and a shaft will be sunk in Cement ravine, The Red Blide quartz mine near Pilot Peak s running with fif. teen men, fltnl ydmele Aare el:'fl‘ug at ého velopment work, and a Bt ing ontablishod. at Binte Creek, 0 long Mountain taps al tunnel under Bald b ; ;&l;lll:l gravel de- sit and now 18 In A p‘%‘ha Bheeba mi! in a.i-klycn County will woon resume work after two years inaction, “’!‘he Beott VllleY Advance says that the Cinnabar Quicksfiver Company has pur- chased o gold proPuf’H' olb ott Mountain From Jiclk Connnt. The Oregon and Calix fornia_mine on the Kiamath River, four miles below Klamathon, has been sold to C. Wi rrer of Bhasta County and othe Free Press says that the of the Balaklala copper mine nenr y to a syndicate of Denver, Balt E: o and Boston parties, involvin, roperty | o R unl t 'l‘r\nltf opD: pany for smelting, which Is not ‘probable. The Sonora nion-Democrat reports that a San Francisco party has taken a bond on the Keltz mine on the Stanislaus River, and workmen are elenfln‘g out the old tunnels, Four claims—the Rising Sun, the Fair View, the Last Chance and tha Pearl—in_the basin country in Tuolumne ty—have (S:\on‘?e1 %filnl‘r}’s and Milling Company - by Magnus Tait and others, the consideration X The Bourbon mine on in; ,000. }){en‘g'a(‘huss?:reek has_been bonded to New Yo $40,000. investors. The rumored price is 000, "The Pennsylvanta shart of the ol Soulsby mine is being unwatered. Hupp brothers have been placed in charge of the Hupp & McMurray group of gold mines that were recently acquired by the Sweepstakes Gold Mining Com- . Thirty men lre‘worklnq night and Say on the nmm. he force m% been doubled. ectric light plant be Fut in and also a water power cable system. X Downleville Messen, ports the Four Hills x::ine hal':reern‘ lene(g’ :'; John'A. Reld, L. C. Harden and others the e CALL ATLAS IS BEST OFFERED ! ON THE COAST The CALL Premium Atlas is the very best Atlas offered newspaper readers. We invite comparison with any other Atlas now offered on this coast. This fine Atlas is offered to CALL readers at the ex- tremely low price of $1.50. All new six months sub- scribers to The CALL are enti- tled to the Atlas at the pre- mium rate of $1.50. SR R P RN SO OCEAN TRAVEL. Pacific Coast Steamship Co. Steamers leave Broadway Whart, San Francisco: For Alaskan ports—I1 a. m., Sept. 13, 13, 23, 25, Oct. 3. Change to company's steam- ers at Seattle. For_Victoria, Vancouver (B. C). Port Townsend, Seattle, Tacoma, Everett and New Whatcom (Wash.)—11 a. m., Sept. 13, 13, 23, 28, Oct. 3 Change 'at ‘Seattle ' for this company’s steamers for Alaska and G. N. Ry.: at Seattle or Tacoma for N. P. Ry.; at Van- couver to C. P. Ry. For Eureka (Humboldt Bay)—1:30 p. m., Sept. 14, 19, 24, 2, Oct. 4. For San Diego, stopping only at Santa Bar- bara, Port Los Angeles and Redondo (Los An- geles)—Steamer Santa Rosa, Sundays, 9 a. m.: steamer State of Californla, Wednesdays, 9 a./m. For Los_Angeles, calling Monterey, San Simeon, Cayuc (San Luts Obispo), Gaviota, Santa Barbara. Ventura, Hueneme, East San Pedro, San Pe- dro and *Newport (*Corona only)—Steamer Co- rona, Saturdays, 9 a. m.; steamer Bonita, Tues- days, 9 a. m. For Ensenada, Magdalena Bay, San Jose del Cabo, Mazatlan, Altata, La Paz, Santa Rosalla t Santa Cruz, Port_Harford and Guaymas (Mex.)—18 a. m.. 7th each month. | information obtain company | For folders. The company reserves the right to change steamers, salling days and hours c? sailing without previous notice. TICKET OFFICE—4 New Mantgomery street (Palace_Hotel). GOODALL, PERKINS & CO., Gen. Agents, 10 Market st., San Francisco. O.R. & N. CO, “COLUMBIA RIVER ROUTE.” Portland to all points Egat and In the North- W ot . 2 e ¢«‘Chicago-Portiand Special. Superfor Service—Quick Time. THE SHORT LINE TO ‘Walla Walla and Spokane, and the Baker City, Lewiston, Coeur d'Alene and Boise City Gold Mining Districts. D. W. HITCHCOCK, General Agent, No. 1 Montgomery st., San Franecisco. AMERICAN LINE. NEW YORK, S0UTHA! N, LONDON, PARIS Stopping at Cherbéurg, westbound. From New York Wednesdays, at 10 a. m. Haverford . St. Louls. Philadelphia RED STAR LINE. New York and Antwerp. From New York Wednesdays, at I further *Zeeland .Sept. 24 *Vaderland Friesland Oct. 2| Kensington Southwark Oct. 9 *Zeeland sStop at Cherbourg eastbound. INTERNATIONAL NAVIGATION CO., CHAS. D. TAYLOR, General Agent Pacific Coast, 30 Montgomery st, TOYO KISEN KAISHA. TEAMERS WILL LEAVE WHARF. COR- ner First and Brannan streets, at 1 p. m., for YOKOHAMA and HONGKONG, calling al Kobe (Hiogo), Nagasaki and Shanghal and connecting at Hongkong with steamers for India, etc. No cargo received on board on Faiiing. day ot 5 riday, Septemsber 27, 1901 U ¢S, NIPPON MARU.. AMERICA MARU... ..Wednesday, October 23, 1901 MARU. 1901 ss. ‘HONGKONG . ...Saturday, Round-trip tickets at November 16, Teduced rates. For freight and passage apply at company’s.office, corner First. H. AVERY. General Agent. 421 Market street, W )¢ ZEALAND avo SYDNEY, DIRECT LINE 10 TAHITL for Tahitl for Hon Saturday, Sept. m. . SIERRA, for Honoiulu, Samoa, Auck- 8. land and Sydney...Thursday, Oct. 3, 10 a. m. 31 AUCTION SALES X S £ AT AUCTION, September 17, 11 a. m., at 1140 FOLSOM ST., I will sell a fine assortment of horses, saddles, harness, carts, ‘surreys and robes. d to_the highest bidde: RAILWAY TRAVEL. buggles, wagons, These goods will be | SOUTHERN PACIFIC. Trains lonve and are due 16 aerive a NAN FRANCINCO, (Main Line, Foot of Market Street.) LEAVE Frouw JULY M, 1801 7:004 Benicls, Sulsun, Elmirs and Sscrs- meuto. ammrve aoaills, Win 71804 Martinez, Sau Kamon, Valiojo, toga sud 3anta Rosa. Kaignta Landing, Jazysville, egeceseesoseans 3: 81001 Nuice: Mondots, Haatord, Vissite, "o and Lo ozacsgacs Martinez and Way Siations ud ] imited—Ogden, Dea- Fresn 9:304 Valle, 10:904 The P a T oneed wied Fagh 805 San Pabio, P O e i03p Con Sd Way Siatious,or 11354 18:03¢ Vallelo. COAST LINE (M (Foot of Murked Street.) A Sants Cruz Excursion to Sants Principal et anSove Foiion: aita Gruzand Way . Sisew Santa Oras sad Princlpal We Newark, San Jone, Los Gatos....... 181364 #4:137 Glenwood. Boulder Creek, Santa Cruz e 8:304 OAKLAND HARBOR FERRY. Prom SAN FRANCISOO—Poot of Market Street (Slip 8)— 17: 11:00. 00 3:00 8:18e.. tmoe 13:08 COAST LINE (Broad Gange). - (Third and Townsend Ss.) Gil0s ose and Way Ntations.. 47:004 Ran Jose anl Way Staslons. 71094 New Almaden 171804 Sunday A Han Jose, Hollister. Puacific Girove, Salinas, San 3 San Joss and Way Siations 12:437 Ban Mateo, Itedwood, Menlo a ’ s00r iroy. Sauts Bar les. 61307 San Jose and Way tatious. 1:43¢ San Jose and W: ks "A for Moruing. T for Afternoon. $8nnday excopted. 1 Sunday only. «Saturiay only g — v . CALIFORNIA NORTAWESTERN RY. CO. LESSER SAN FRANCISCO AND NORTH PACIFIC RAILWAY COMPANY. Tiburon Ferry, Foot of Market S& San Francisco to San Rafael. WEEK_DAYS—7:30, 9:00, a. m.; 12:35, 30, 5:10, 6:30 p. m. Thursdays—Extra trip D. m. Saturdays—extra trips at 1:0 m. [ 9:30, 11:00 a m.; 1:30, 3:, 0, 7:50, 9:20, 11:10 & m.; 12:45, 4. 0. SPRECKELS & BAOS. £0., Genera 37 Markat 8 | 3.0, .35 p. m. Saturdays—xira trips at 1:53 Gen'l Passenger Ofics, 843 Market St., 1. Pacifie $¢ 57500, 940, 110 & m 140, 340 5:05, 6:% p. m. PACIFIC_STEAM NAVIBATION 00, | .. Tt 5 5 e 0 s | San Francisco. [April 25, 1901 | San Francisco. And Cl@ SUD AMERICANA DE VAPORES | “Week | Sun- =3 To Valparaiso, stopping at Mexican, Central | Days. | days. | Destination.| days. and South American ports. Sailing from How- | 7 Novate, [0 eBld ard 3. Pler 10, 12 m. 3 Petarnnn. | Can COLOMBIA....Sept. 25| AREQUIP 12 nta_Rosa. | 7:35 pm| 8 TUCAPEL.. ~—— | LIMARI. . 26 Fulton, These steamers are built expressly for Cen- e tral and South American passenger service. 5:00 pm| Healdsbiirg, [10:40 am| (No change at Acapulco or Panama.) Frelght Tatten and passenger office, 318 California street. Geyserviile, BALFOUR, GUTHRIE & CO., Gen. Agents. 3:30 pm| 8:00 am| Cloverdale. | 7:35 pm| 7:30 am| 5:00 pm| Hopland [10:40 am, PANAMA R STEAMSHI? 3:30 pm| 8:00 am| and Ukiah. | 7:35 pm E 10:40 am| 10 NEW YORK VIA PANUA DIEST s . . Cabin, $105; Steerage, $40; Mesls Free. Sa0) - GRGRS. . RO 8. S. Argyll sails Monday, Oct. 14| 5:19 pm| 5:00 pm| Glen Ellen. | 6:05 pm| 8. S. Leclanaw sails Thursday, Oct. 24 | 7.0 am| -0 am| . [ 8.8.Argyll sails Monday, Dec. 2| 3:30 pm| 5:00 pm| Sebastopol. | 7:35 pm, From Howard-street Wharf at 2 p. m. Freight_and Passenger Office, 330 Market st. F. F. CONNOR, Pacific Coast Agent. COMPAGNIE GENERALE TRANSATLANTIQUE DIRECT LINE TO HAVRE-PARIS, Bailing every Thursday, instead of Saturday, at 10 a. m., from pler 2, North River, foot of Morton street; *L’'Aqui- taine, September 1 Bretagne, September 26; La_Champagne, October 3; *La Savole, Oc- er 10, “%irst class to Havee, 10 and upward, Secona class to Havre, $5 and llgwlrd. GENERAL AGENCY FOR UNITED STATES and CAN- ADA, 82 Broadway (Hudson bulding), New 3. F. FUGAZI & CO., Pacific Coast ts, "5 Montgomery avenue,'San Francisco. cket Agents. mers, e e e e BAY AND RIVER STEAMERS. FOR U, S, NAVY YARD AND VALLEJD, Steamers GEN, FRISBIE or MONTICELLO 9:45 a, m., 3:15 and $:30 p, m., exsept Sunday. Bundny, 9:45 a m, allofo 7 8. m, 12:30 noo m, p. m. Fare in 1508, Landing a dock. HATCH DR Santa Fe Trains Leave Market-strest Ferry Depot. T Lim'a [Ov'a | Loeat * | Dutly | Daily i Cars through to Chicago. to Bakersfield for accommodation of local first-class passengers. No second-class tickets honored on this train. Correspond- ing train arrives at 5:35 p. m. Tuesday and Friday. 4:20 . m. s Stockton and” Fresno local. Gorresponding train arrives at 12:3 p. m. daily. 8:00 p. m. is the Overland Express with through Palace and Tourist €leepers and Free Reclining Chair Cars to Chicago: also 2 Sleeper, which cuts ouf. at Fresno. % p. m. Wi traln arrives at 7:20 a. m. i Bakersfield Local, at all points in San Joaquin Valley. train arrives at $:40 a. Stages connect at Santa Rosa for Mark West Springs and White Sulphur Springs: at Fulton for Altruria; at Lytton ‘tor Lytton Springs; at ille ‘for Skaggs Springs; at Cloverdale Geysers; at Hopland for Duncan Hllhsl;(l;d Springs, ng a Bay, Lakeport and Bart Springs; at Ukiah for Vichy Springs, Springs, Blue Lakes. Laurel Dell Witter Springs, Upper e, Pomo, Potter 'Valley, John ~ Day’s, Riverside, Liei s, Bucknell’ Sanhedrin Helghts, Hullville, Orr's _ H 8 Mendocino 'City, Fort ., West- Usal, Willits, ~ Laytonville, mins, Springs, Harrls, Olsen’s, Dyer, Scotis and PBureka. Saturday to Monday round-irfp tickets at re- duecd rates. On Sundays round-trip tickets to all points beyond San Rafael at half rates. Ticket office, Market street, Chronicle building. H. C. WHITING, Gen. Manager. NORTH PACIFC GOAST RAILROAD, la Sau; R. X. RYAN, Gen. Pasa_Agt. Commencing April 28, 1901, FROM BAN FRANCISCO To MILE vALLEY AND SAN RAFAEL, WEEK DA‘H‘ 58, 1 and Saturdays at ¢ E UNDAYB—6:15, 00, 948, *1 oy 115, 00, 490, *5:48, §:46, T-a0, 1048 1:00, T r% VA m., l’:..‘l:". “EXTRA RIS and Saturda; BUNDATS 5 1:20, 2:30, 3:45, 3 THROUGH TRAIN! 55 &, M, Week days—Cazadero and way sta. tions, 1§ p. m. Saturdays—Cazadero and way stae 10:35 p. m, 05, u:fo m., 13 ocan ., 1%