The San Francisco Call. Newspaper, February 9, 1902, Page 31

SUMMARY OF THE MARKETS. = Weckly bank clearings gain, as usual. Silver and Exchange stand about the same. Local stocks and bonds dull. Heavy cash demand for Wheat reported here. , Barley futures weakened by the rain. Oats, Corn and Rye as previously guoted. Beans and Seeds still dull. Bran and Middlings 50c lower. Hay weak, but holders keep market from breaking. Butter, Cheese and Eggs unchanged. Dricd Fruits continue quiet but firm. Provisions apathetic, here and at Chicago. Hogs firm under moderate receipts. Continued prospects for lower-priced Coal. Potatoes firm, Onions easy and Vegetables lower. Receipts of Poultry light and of Game liberal. Fine Apples and Oranges in demand and firm. Some descriptions of Hides lower. 7 N ew York stocks irregular. Bank Clearings. Local bank clearings durt ng the past week | were $22,000,892, against §15,344,736 during the same week last year. Dried Fruits in New York. Mail reports fro; *“In raisins, terest, there is among holders o trading. Some views of sellers cartons available Most bolders, o s being conserva: to r eas y £ _interest o s = rep carioads on ize basis, quiet business easier wit easier. - 25%c for spot.” Figs pout 100 cars of old. New hich eti fancy. the quoted basis, the policy of sell- The position for spot h & higher tendency. few round lots have been sold he coast to Western points, s moved, ve pot. egula York sa; is nof ted in ieh the chiof in- considerable firmness to note but mo important the fce seeded in 1-1b t 8jc and fancy at 8. however, quote 8%c to Slc for A moderate jobbing On the but no new ing has been done for de- down here on seeded lay s of the with possible some sheding. Oregon prunes are steady. epricots and peaches more trading on the spot | is in order, and some firmness is noted. in moderate request for Persians, ge is moted in sellers’ show firmness offerings at 1le. the 16c s st the new values is around 9ic, spot advances to about this figure no 4 business for delivery here is probable. strong and not offered freely. raisins r tone. In market shows a Goods to arrive ex- seliers. ted strong. nes a fair jobbing trade continues to ith sales of occasional car lots for elivery from the coast. nta Clara fruit is steady around 6%c for 40-50s in 25-1b boxes. aras are reported not to exceed coast _ for views. Weather Report. w due offer ex-dock at T3c. around 15,000 boxes. The In currents a | is reported from the interior for barrels, but buyers' ideas appear e views from 5 Cart The market | to B%c for are showing a moder- ithin the quoted range ler and quality. fine The Greek Spot on fine | Stocks of r new and New offer on the 3izc purchases at | In| Dates but no Fards are an—Pacific Time.) 0, Feb. 8—5 p. m. ere the seasonal rainfalls to those of same date last st twentyfour hours: with _occasional In nuts spot Tarragona almonds are Filberts are also | A disposition to firmness is noted in encia shelied almonds, one holder quqting Stations— Eureka Last 24 Hours, Season. This Meaximum temperature, mean, ximum end minimum tem- 54. e reported from Eastern stations: obligations from foreign lenders incurred dur- ing the financial activities of last year to domestic lenders. That is to say, funds bor- rowed from New York banks are used to pay off debts to foreigners by the export of gold. But there is a conviction general in Wall street that large loans are being secured by evyndicates for carrying out new projects. The | buying movement in Reading, active selling of Manhattan, strength in Metropolitan and o sharp recovery from an early decline in Amal gamated Copper. General Electric jumped 8% and reacted 1%. A number of minor railroad stocks showed strength. The large speculative interests in the mar- ket have made determined efforts all week to start the market and have met with meas- urable success, in spite of the checks received from several of the week's developments. There is no evidence of & large participation in the market by the general public, but is invariably the rule that the public awaits the initiative of the professionals and refrains from speculation, no matter how encouraging the general conditions, until prices advance. The professional element in the market has become impressed with the idea that consider- able sums have been husbanded to an extent that will warrant an upward movement, and they have been busy with manipulative de- vices to inaugurate the upward movement. After working successfully for half a day on Monday they were met with the postponement by the Supreme Court of the expected decision | in the Northern Securities case. The morn- ing’s gains melted away in a few minutes. On Tuesday the announcement of heavy en- gagements of gold for export on Thursday had the same effect. These setbacks proved to be | temporary and the market broadened and gained considerable activity and strength later in the week. the sensational advance in many of the high- grade dividend-paying railroad stocks. Much was hoped by the bulls from of that case is believed to be the principal re- | straining influence on speculative activity. | was feared the gostponement of the decision for three weeks would keep the market duil and indifferent, but the uncertainty has been made to serve a speculative purpose and has given opportunity for the circulation of many rumors, which have heiped the advance in stocks.” The project for the formation of a company to control the Metropolitan Street Rallway Company is the latest instance and mate control of all the Greater New York transit facilities was in contemplation, newed attention is called to the enormous amount of capital tied up in last year's strux- gle for control of the Northwestern rafiroads and other corporations by the present conditions in the international exchange market and by a study of the annual reports in detail of the New York trust companies. The present ex- port movement of gold is clearly for the pay- ment of foreign obligations which are be- lieved to have been incurred last spring dur- ing the Northern Pacific struggle. These have been partly renewed from time to time as the resources of the foreign exchange market allowed and have partly been paid off by the £0ld_export movement in the fall. The pres- ent ease of the local money market seems to be the inducement for paying them off at this time as they mature. But the course of the loan account of the clearing house banks war- rants the supposition that loans are made in the local market to meet the foreign obliga- tions, thus transferring the credits from fo elgn lenders to domestic. The domestic rai road condition seems to continue highly pros perous. as shown by the continued high level of groés earnings reported from week to week, while the net returns for December of corn- carrying roads show that the shortage in that traffic has been more than offset by growth in general traffic. The demand for all grades of iron and its products into the second halt of the year is reported In excess of the do- mestic power of production and imports are in contemplation to meet our demand. The improved demand for copper, both domestic Wash “40.14 | and foreign, is a relief to apprehension in re- Dashington ... 4014 | gara to that trade. Meantime money con- o g tinues easy and in apparently abundant sup- Chicago ply, notwithstanding the gold exports and the St. Louls subscriptions for various new bond issues of Sy, Bek S Take ity railroads, designed to increase facilities or to THE COAST RECORD, secure additional lines. X There has been a large business in bonds ) z 3 % | 2nd some notable gains in prices. £ =4 2 n ates refunding 2s and the old 3 9k 27 22 2| aavanced 3 per cent over the closing o o5 g ES T € | last week. ETaTIONS. £ GE: %] £2 £ NEW YORK STOCK LIST. s : 3 Z| , stocks— Sales. High. Low. Close. : : : £ 10,600 8% 7Ty 77y : 3 3 : 3,200 951, : : Baltimore & Ohio.. 2,000 10415 M Rain .54 | Balt & Ohio prd. 100 9614 3 Rain .10 | Canadian Pacific... 1,500 115% 34 Cloudy 7. |Canada Southern AREA 8 52 Cloudy .02 | Ches & Ohio. . 453 1 Pt Cldy .00 | Chicago & Alton 33% 3 Cloudy .08 | Chi & Alton pfd it Pt Cldy .00 | Chi Ind & Louis 521y Pt Cldy .00 | Chi Ind & Louis pfd Pt Cldy .00 | Chi & East Ll 15214 Rain .22 | Chi & Gt West 2314 Cloudy .50 |Chi & G W A pfd 54 Cloudy .08|Chi & G W B ptd 143, Cloudy .56 | Chi & N W 2i97, PtCldy T. |Chi RI& P 1681 Cloudy .97 | Chi Term & Trans ..... 6 !;!l gllgv Tc'-u Chi T & T prd 2800 31% C|oudyy 26 C C C & St L. 1,000 104 Cloud 38 Colorado Southern. 2,100 15% Rain > 70 | Colo So 1st pfa 100 6555 Cloway 18 | Colo 8o 24 prd. 400 42 Winnemucea 30.12 48 36 W Ratn "0y | Delaware & Hudson 400 3 Yuma ...... 74 42 N Clear .00 % Temperature at 7 a. m., 52. 933, o 2 39% WEATHER CONDITIONS AND GENERAL 094, FORECAST. The storm Off the Oregon coast, after mov- ing morthward, has apparently recurved and is egain off the mouth of the Columbia River. The pressure is beginning to fall rapidly from Cape Mendocino to Cape Blanco, Southeast storm eignals are displayed from San Francisco northward. Rain hes fallen over the entire coast morth In Southern California of the Tehachapi cloudy weather has prevailed but no rain. The temperature has risen about 10 degrees in the San Joaguin Valley. . thern ather therly winds, ending_midnight, California — Cloud; probably _rain Sunday; brisk south- winds; high off shore. uthern California—Cloudy Sunday, favorable for rain by Sunday night changing to southeast. Forecast made at San Franclsco for th , 1902 February 9, with snow in the unsettled with irty Erie 2d ptd. Gt Northern pfd. Hocking Valley .. Hocking Valley pfd Tllinois_Central - Iowa Central LE & W pfd. Lows & Nash Manhattan L . Metropolitan St Ry | Mexican Central .. Mexican National . Minn & St Louis. Missour] Pacific ... MK&T. MK & T pfd. New Jersey Central New York Central. Norfolk & West. Nor & West pfd. —Rain Sunday. Ontarlo & Western 2,000 34k 33% 333 fresh southerly winds, s o 1500 cisco and vicinity—Cloudy. unset- 2 ot tied weather Sunda: probably rain; brisk 8210 “& eoutherly winds {iExanpER o MeaDIE | Eeylps 2] P on 8n ur Forecast Officlal. |st L& SFistptd 100 85 8 8% < % |StL&SF2dpd 100 74% T4% 74% 2 55 EASTERN MARKETS. 103 Ty #————————————————% | Southern Railway.. 2,600 3315 328 32;2 . gavins: @ =l B R ] y exas acific 38 38: New York Stock Market. Tt e o BE s e T 8t L & West ptd 9,100 41% 40 40 NEW YORK, Feb. 5—The weekly bank|Union Pacific ...... 7,100 103 1026 102 statement came like o dash of cold water in | Union Pacific pfd.. 200 895 896y sp the face of rthe market to-day and induced | Wabash .. ¢ Bh 2 precipitate offerings of stocks for a few min- | JWADSRE PEP oo+ 3,10 % 43y o5 utes. The way in which these offerings were | w & L E 24 pfd 00 2" 2% 4 taken indicated very strong end de- | Wisconsin Centrai: ... ... .... 20 termined support with large resources | Express Companies— at commend end the market rallied [ Ad2TE o . 210 strongly, closing firm with some stocks | Pnited States o] @t the top prices of the day. Only once | Wells Fargo . 195 before in the history of the New York Clear- | Miscellancous— ing House has the loan expansion for a_week | Amal Copper a3y exceeded that reported to-day of $28,974,300. | Amer Car & Foun 29 For the week ending February 2, 1001, loans | Amer C & F pfd 877 increased $30,440,000. This was at the time | Amer Lin Oil a 21 syndicates were rushing to secure control of | Amer . 4 the promised expansion of the country’s credit | Amer S & Ref. 700 47 47 resources for the carrying out of the vast pro- | Amer S & Ref pfd. 100 97 a7 jects which afterward electrified the world. | American Locomo.. 1, 32 31 There' can be Do doubt that the present loan | Amer Loco pfd. oo Ryl At S expansion represents in part the transfer of ! Anaconda n Co. 100 38% 33% features of to-day's market was the notable | o | Chic & A 3us it | A feature of the week has beeu | , tYlscelaneo ! a decision in | the Northern Securities case, as the uncertainty | | Pacific Mail | | | 1t | has given rise to the supposition that the ulti- | | Re- | | International Power Union B & P Co p 1 U S Steel | three months’ THE SAN .FRANCISCO CALL, SUNDAY, FEBRUARY 9, 1902 Brooklyn Rapld T.. 6,400 67% 06% 06% Colorado Fuel & I.. 500 861, 86% 86l Consolidated Gas. 100 218" 218~ 217 Continental T pf 200 ey 117 General Electric... 3,000 28404 290% Glucose Sugar 300 8500 Hocking Coal . 300 1T 1T International Paj 400 10% 194 International P pfd 1,800 % Laclede Gas . National Biscu National Lead National Salt National Salt pf North American Pacific Coast People’s _Gas Pressed Steel Pressed Steel C p: Pullman Pal Car Republic Steel . Republic Steel Sugar . Tenn C Union B & P Co U § Leather . U S Leather pfd U S Rubber. U 8 Rubber U S Steel Western Union Total shares sold.342, 00 NEW YORK BONDS. U S ref 2s reg...1084 ;L & N Uni 4s. Do ref 2s coup.1081, Mex Central Do 3s reg. 11081 Do 1st inc Do 3s coul {108% | Minn & St L Do new 4s reg..130 MK & T 4s. Do new 4s coup.139 | Do 2ds. Do old 4s reg...112 |N Y Central 1sts. Do old 4s coup.112 | Do gen 5%s Do 55 reg.....108 |N J Cent gen 5. Do 5s coup.....106 | Northern Pac 4s. Atchison gen 4s..103% Do 3s. Do adj 4s...... 93% N & W con 4s. Balt & Ohio 4s..104 | Reading Gen 4s. . . 96% SL &I M con 3s. Do cony 4s.....106%|S L & & F 4t Canada Sou 2ds..110" |S L SW 1sts Cent of Ga 5s....111 Do 2ds.. Do 1st inc..... 79%%|8 A &-Ar Pas 4 Ches & Ohio 4145.10815 | Sou Pac is. . 8414 | Sou Ry Bs. C B & Q new 4s.. 96% Tex & Pac lsts CM &S P gends.lld |Tol St L & W 4 C & NW con 4s.138% | Union Pac 4s. CRI&P4s....110% Do cony 48 CCC& § L gen 45.1031; Wabash 1sts Chic Term 4s.... 87%| Do 2ds. Colo & Sou 4s.... 9215] Do Deb B, 6% D&RG 4s “102%; | West Shore 4s....113 Erie prior len 4s. 98% W & L E 4s 93t Do Gen is. 88%| Wis Cent S8 FWE&DC1 100%'0;-: Tob 4s 657% Hock Val 4 J108%; | BOSTON STOCKS AND BONDS. Money— +_ Do pfd. .. 93% Call loans 3@+ Westngh Common 87% Time loans @43, Mining— Bonds— | Adventure Atchison 4s . 102 Allouez . Gas 1sts .. 83 Amaigamated . Mex Central 4s. 80 Baltic .. N E G & Coke. o4 Bingham . Railroads— | Calumet & Hecl Atchison . 4: Centennial . Do pfd. 15! Copper Rang Boston & 12, Dominion Coal Boston & Maine. Boston Elevated N H & H Fitchburg pfd Union Pacific . Mex Central . iscelaneous— Franklin . Isle Royale 21615 Mohawk 144 | Old Dominion 102%,' Osceola . Santa Fe Do pfd... Tamarack . : Amer T & T Trimountain ..... Gen Electric . Trinity ... 2 Mass Electric %] United States .... Do pfd.... Utah . N E G & Coke. Victoria . United Fruit . Vinona 3 U S Steel. Wolverine L Consols. Mo K & T Do_aceount. . Do pretd Anaconda 67 IN Y Central. Atchison Nor & West Do prefd .... Do prefd Balto & Ohio.. Ontario & W ‘Canadian_Pac SoRy ... Ches & Ohio Do prefd Chicago G _W. So Pacific 3 Chi Mil & St P. Union Pacific .. Denver & R G.. 45%| Do prefd Do prefd . 9515 U S Steel . rie. .. 40%, Do prefd Do ist prefd. Wabash .. Do 2d prefd . | . Do prefd Inlinots Cent . | Spanish 45 Louis & Nash . Bar Silver, quiet, 7-16d per ounce. Money, 2%@2% per cent. The rate of discount in the open market for short bills is,2 11-16 pér cent. The rate of discount in the open market for bills is 2% per cent. NEW YORK MINING STOCKS. Adams Con 20| Little Thiet Alice 45 Ontario Breece 5 Ophir . Brunswick _Con. 7| Phoenix Comstock Tunnel..051s Potosi Con Cal & Va 1 25 Savage Deadwood Terra 50 Sierra Nevada Horn Silver 1 10 Small Hope Tron Stiver 64 Standard Leadville Con . Weckly Bank Statement. NEW YORK, Feb. 8.—The statement of the associated banks for the week ending to-day shows: Loans, $918,506,000; increase, $28,974,300. Deposits, $1,000,681,900; increase, $24,684,900. Circulation, $31,301,700; decrease, $63,500. Legal tenders, $75,028,000; decrease, $2,77C,- 400. Specle, $103,088,700; increase, $223,500. Reserves, $268,066,700; decrease, $2,555,900. Reserves required, $200,170,475; incréase, $6,171,220. Surplus, $17,896,225; decrease, $8,727,125. The Financler says: This week's statement of the New York Assoclated Banks showed a net loss of §2,567,900 in casn, exceeding the estimates by $1,790,801. There was a gain of $233,500 in specle, while legal tenders fell off §2,719,400. It seems quite probable that the decrease in the jtems of legal tenders wes due In great part to paynfents into the treas- ury of these notes by banks retiring circula- tion. Such payments by interfor institutions were made through thelr New York correspond- ents. The movement of currency to Boston and Philadelphia during the week most likely con- 5 | tributed to the loss of legal tenders by the % | banks. The striking_ feature of the statement was the Increase of $25,974,300 in loans, mak- ing an increase in this item since the beginning of the year $60,545,800. This increase could scarcely have been wholly due to borrowings cn time by commission houses and it was probab- Iy largely the result of loaning to syndicates who had paid off their foreign loans and Lad made contracts with local institutions. The gain in loans was reflected In an expansion in deposits slightly beyond the billion dollar mark, the increase of $24,684,900 in this item last week carrying the total to §1,000,681,900, which it may be noted is $6,088,000 more than the de- posits at the corresponding date last vear and §11,532,100 below the largest deposits on Tecord, $1,012,514,000, March 2, 1901. The sur- plus reserve was reduced by $8,727,125 because of the increased reserve requirements and the loss of cash, and the surplus now stands at $17,806,225, against $20,362,625 at the cor- responding date o vear ago. 'The statement is slightly out of harmonyj the gain in deposits exceeding by $1,733,500 the increase in loans less loss of cash. Eight of the larger banks showed a gain in loans of $26,200,000. Four of these institutions which are most' intimately connected with Wall street operations showed an increase in loans of $20,000,000 out of the $26,200,000 above noted. Four down town banks reported an increase of $10,000,000 in specie and six banks showed a decrease ‘of $9,300,000 in this item, making the net gain by these ten institutions $700,000. London Market. NEW YORK, Feb. 8.—The Commercial Ad- vertiser's financlal cablegram says: The ac- tivity in Kaffirs was practically the only feat- ure of the stock market to-day. Consols were firm on continental buying. American shares ere as dull as ditch water, With prices most- ly under parity, owing to some sales against options and realizations on fears that the statement of the New York Associated Banks would make & poor showing. Copper shares were irregular; Rio Tintos selling at 45% and Anaconda at 73, Discount rates are hardening and the mar- et is still depending on the Bank of England for supplies. A Condition of the Treasury. WASHINGTON, Feb. 8.—To-day’s statement of the Treasury balances in the general fund, exclusive of the $160,000,000 gold reserve in the division of redemption, shows: Available cash balance, $179,338,582; gold, $87,887, New York Grain and Produce NEW YORK, Feb. 8.—FLOUR—Recelpts, 8950 barrels; exports, 8812. Slow and barely steady, without change. ‘WHEAT—Receipts, 35,150 bushels; exports, 15,991 Spot, steady; No. 2 red, 87%c f. 0. b. afloat and 89%c elevator; No. 1 Northern Du- luth, 85%c f. o. b. afloat; No, 1 hard Mani- 33% | toba, 87%¢ f. o. b. afloat. Trade in wheat clr- | * cles was covering scurces. advance. 8% 9-16c, 83%ec. 6 10. 3.80c; Ny choice, 9 * 3.75¢; No. 14, 3.75¢ fectioners’ A, 4.55¢; mold A, 5.10c: cut loaf, 5.25¢; crushed, 5.256: powdered, 4.85c; granu- lated, 4.75c; cubes, be. very dull again, Later the market rallied on and light offerings from outside The close was rather firm at %c net March _closed _ 8ic: = May, closed 83%c; July, S34@S3%Cc, closed HOPS—Quiet; choice 1801 crop, 11@16c; Pa- cific_Coast, 1901 crop. 11%@15c. HIDES—Quiet; Galveston, 20 to 25 18c; California, 21 to 25 pounds, 1974c. SUGAR—Raw, steady: falr refining, 3 3-16c; centrifugal, 96 test, 3 11-16c; molasses sugar, 2 15-16c; refined, steady; No. 6, 4.20c; No. 4.10c; No. 8, 3.90c; No. 9, 3.85c; No. o. 11, 3.76c; No. 12, 3.80¢; No. standard A, 4.55¢; con- DRIED FRUITS. The market for evaporated apples shows no important change to-day. and pricesare about steady. "State, common to good. are quoted at T@8%c; prime, 8%@9%c; 3 Demand is 14@10c; fancy, 104,@llc. California dried fruits show little movement or_feature and remain quiet. —_— * Chicago Grain Market. and comi Tile, strength. buy. times. %c up, af labored. CHICAGO, made itself manifest. opened %@Yc lower at TTI%@ but at once closed rather weak, %c lower, # imisson houses sold liberally. began t TTH@T8C. Corn again led in the decline which opened business to-day and its recovery was slow and The local pit was crowded the early part of the short session and selling pressed prices downward. Later the market ruled dull, shorts covered and with wheat May reacted t 433 Short ribs, per 100 pounds— 850 8521 8 6215 straights, specials, $2 7063 white, | clover, e Cash quotations slow and steady. red, 83%@84%c as follows patent: . §3 40@3 70; clears, % 3 $4 20; patents, §3 20@i 70; straights, 10; No. spring wheat, N 46@i6%5c; No. 3 4415 @46c; | No. 2 rye, 60c; fair to cholce malting barley, ontract rrade, $9 25. promoting early ‘weakness in connection with lower cables and corn_decline. 8su@ pounds, light Feb. S.—The narrow up and down market in wheat that has characterized speculation in that cereal for some time past began agaln to-day at the opening. Wheat had to defend itself from the depression of lower cables and the coarse grain weakness that still ‘Weather conditions were also against the bulls and at the start St. Louls May ¢ to TT%@ to show signs of Commission houses had some orders late, shorts covering and the crowd began to May soon touched 7Sc, but on recurrent weakness In the coarse grains eased off at At the close, however, May was firm, — LOCAL MARKETS. Exchange and Bullion. 1 : Sterling Exchange, 60 days..... — $4 853 WOOL—Firm; domestic fleece, 26@2Sc. gy Sag it~ COFFEE—Spot Rio, steady; No. 7 invoice, | S{ETHnE e sight S=iam 5y%c: mild, quiet; Cordova, 3@12c. Tutures | JeTULE Cabes, corioioger nit = By closed steady, 5 to 10 points higher. Total | New YOIt Fixe it = SRk were zgg 00 bags, including: Mageh. | Siiver, per EXeE s = o 5 35; June, ; July, $5 70: September, ' S35 briid 2 805 00;" December, $6 03@6 10; Japuary, | Mexican Dollars, nominal [] Wheat and Other Grains. WHEAT—The week closed on dull markets all over the world, with lower Paris and Liv- erpool futures. Chicago declined from 77%c to TT%c and recovered to 78c. The market was dull, but there were more buyers than sellers. The market appeared locally oversold, but consid- erable off-grade wheat has lately been worked and lighter receipts are beginning to attract attention. Cars from the Northwest during the week numbered 1600, against 2500 for the same week last year. The leaders bought on an anticipated decrease in the visible supply. Stocks at Minneapolis decreased 385,783 bush- PRUNES—3%@6%c. els during the week. A bear rald on corn APRICOTS—10@14c: Moorpark, 93,@1214c. | had a tendency to weaken everything, but 1 W}’EACHES—P"M. 14@18c; unpeeled, 7% @ | wheat ylelded stubbornly and very little came c. out. 1t is an old saying that one has to g0 away from home to learn the news. During the past week this market has been quoted duil by lead- ing operators, but private wires from Chicago say that the cash demand at San Francisco has been the heaviest ever known, and yesterday this news was confirmed by San Francisco par- ties. This heavy demand is sald to be on shipping account, but prices remain the same all around. Spot Wheat—Shipping, $1 07%; milling, §1 10 @1 12% per ctl. CALL BOARD SALES. lnn‘rlm‘g%&mon—szla o’clock—May—20,000 ctis, b Sécond Sesslon—May—4000 ctls, $1 08%. Regular Morning Sesslon—December—2000 ctls, $1 08%. BARLEY—Although the rain thus far has been mainly confined to the northern and cen- tral parts of the State, the San Joaquin, Sa- linas and southern districts getting very little, it been sutficlent to_depress futures some- what, as will be seen. Spot quotations remain unchanged. Feed, ¥2l4c for choice bright, 90@91%c for No, 1 and 87%@88%c for off grades; brewing and shipping grades, 95@97%c; Chevalier, 95c@ $1 20 per cental. CALL BOARD SALES. - Informal Sesslon—9:15 o' clock—May—6000 ctls, 85%c. Second Session—No sales. Regular Morning Session—May—22,000 ctls, 2000, 85 s c 5 - weakly, closing weak, %c down, at 61%c. s o iR ot o Oats had a nervous, shifting market. It de-|“ QATS—Chicago reports considerable liquida- clined with corn, but recovered later. May | tion, with a lower-looking market. The San Francisco market continues quiet and un- Provisions were ‘dull’ and easy. May pork | changed. closed b lower, lard 2%c lower and ribs un- | © Grays, $1 22%4@1 30; whites, $1 25G1 42%; chanzed. Surprise, $1 40G1 45; black, $1 12,@1 2% The leading futures ranged as folow e ana g1 IIHOL S0 1o sied:’ ted Articles— Open. High. Low. $1 27%@1 37% per ctl for feed and 31 35@ Wheat No. 2— £ 2 1 423 for seed. February CORN—Chicago deciined from 62%c to 61%e, Ma; Y% but recovered to 6l¥%c. The opening was Ty % steady, with no pressure to sell, later on Cors Noias 5 a_vigorous bear rald weakened the whole line May : 6175 62 of grains. The raid was due to liquidation July 5 Ceili <o by Southwestern holders. The market looked eptamber cave: I ISR There was nothing mew here, the market re- Y o 43 4315 maining quiet. July . 3% BT Large yellow, $1 37%@1 45; small round September 321, 320 do, $1 50; white, $1 30@1 40 per ctl. Mess pork, per barrel— RYE—Quoted at 85@90c per ctl. May . L1580 15 85 BUCKWHEAT—Quoted” at $1 65 per ctl. July . 115 85 15 9215 —_— “Tard. per 100 pounas— Flour and Millstuffs. May . 945 9 4T% 7 July . 55 986 FLOUR—California Family Extras, $3 50@ 875, usual terms; Bakers' Extras, $3 40@3 50; Oregon, $2 75@3 per barrel for family and $3@ 335 for Bakers'; Washington Bakers, $3G3 35. MILLSTUFFS—Prices In sacks are lows, usual discount to the_trade: Flour, $3 per 100)Ibs; Rye Flour, §275: R: Meal, $250; Rice Flour, $7; Corn Meal, $3 2 extra_cream do, $4; Oat Groats, $6; Homin: $4@4 25; Buckwheat Flour, $4@4 25; Cracked Wheat, '$350; Farina, $450; Whole Whes ¢c;” No. d, $1 69; No. 1 Ni Flour, $3 25; Rolled Oats_(barrels), $6 85@5 55; ?vog‘(:fn \1? 7;; “A:rxh!':: tl:lolhy s‘e)ed.l I}:‘;rso | In sacks, $6 50@8; Pearl Barley, $5: Split Peas, mess pork, per barrel, $15 60@15 5; lard, per | §5; Green Peas, $6 50 per 100 Ibs. 100 pounds, 389(\;1‘.'»@‘»1 27;): !horled rn;;;‘ sides (loose), $8 35@8 5 ry salt oulders (boxed) T@Tlc; short clear sides (boxed), Hay and Feedstuffs. $8 75@8 S0; whisky, basis of high wines, $1 d1; Bran and Middlings are weak and can be Opening Closing . Opening Closing - Wheat— Opening . Closing - Wheat— Flour— CHICAGO, On the Produce Exchange to-day the butter Foreign Futures. — % LIVERPOOL. March. 6 1% 8 1% Feb. 21 45 . 2150 . 26 95 26 95 Eastern Livestock Market. CHICAGO. bought 50c lower than before this last rain. Figh, ho: R Shivments | “Hay is naturally weak, owing to the soft, Wheat, bushels . - dron 62,000 | rainy weather, but the heavy holders are Corn, bushels . . 59,1 55,000 | standing under the market and keeping it up. Oats, bushels 90,000 96,000 | The rain Is still mainly confined to the north Rye. bushels 5,000 6,000 | ern and central counties, though it is slowly Bariey, busheis 37,000 13,000 | working southward. Prices might give way vnder a good, soaking storm. market was firm; creameries, 20627c; dairies, | BRADLINGS 318 B0G2 per ton, e B gtee Y OW@lY%C. ESS% | PREDSTUFFS—Rolled Barley $19G20 per I < A e ton; ouc.keé Meal at éh; ml;lz oé‘nfim; Jobbing, 23'50G29; Cocoanut Cake, Corn Meal, i $E1qus; Cracked Corny 801 S0G33 50T Mixed Feed, $17@18 50; Cottonseed Meal, $26 50, HAY_Wheat,' $10813 60: (ancy. $14:' Wheat and Oat, $10@13 at, 9@11 50; Alfaifa, $8G 10; Clover, §1@9; Volunteer, $6 50@9; Stock, 6 @8 50 per ton. STRAW—40@65c per bale, Beans and Seeds. Bean dealers continue to quote a dull and i B SSRGS 2T P $1 25@1 50 per ctl. Potatoes, Onions and Vegetables. Recelpts of Potatoes during the past week have been light and fancy offerings are scarce and high. Two cars of Burbanks arrived from Salinas Valley and sold at a sharp advance. The rain has caused a demand for Seed Po- tatoes and there Is a strong feeling in these goods. Onions remain unchanged and easy, as_fresh supplies are expected to-day. Receipts of Southern Vegetables were more Itberal yesterday, and as the degand was slack most kinds were lower. Thefe Was a steady inquiry for Mushrooms and Rhubarb. with none of the latter offering. Green Onions are becoming more plentiful and meet With ready sale at the quotations. POTATOES—$1 10@1 35 for Burbanks from the river; Salinas valley Burbanks, $1 508 1 85; Oregon Burbanks, $1 25@1 65;’ Oreson Garnet Chiles, $1 40@1 50; River Red: 1 60; Early Rose, for seed, $1 509! Burbanks, for seed, $1 35@1 45; Sweets, $1 30 @1 40 for Merced. ONIONS—Oregons, $2 25@2 75, first Australian, $3@3 25; Nevada, $275; Onions, 50@65c per box. VEGETABLES—Rhubarb, nominal; Peas from Los Angeles, 7@10c; String Beans from Los Angeles, 1214@lbc, mncluding Wax; Cabbage, 40@30c per ctl; Angeles Toma- toes, 32 per box and §2 15 per crate; Mexican Tomatoes, per box; Dried Pep- pers, 12%@15c per Ib; Los Angeles do, 15@ 173¢; Dried Okra, 12%@16c per Ib: Carrots, )50c sack; Hothouse Cucumbers, $1 1 25 per dozen for large and 50@T5¢c for smal Garlic, 1%@2%c; Los Angeles Green Peppers, 25¢c; Mexican do, 20G25c; Egg Plant from Los Angeles, 25c; Summer Squash from Los An- geles, $1 75G2 25; Marrowfat Squash, $8@10 per fon; Hubbard Squash, $8@10; Mushrooms, 15G25¢ per Ib. Poultry and Game. Recelpts of Poultry were light and the mar- ket was unusually brisk for Saturday. Pressed Turkeys were in very light receipt. “Only 3 cases came in and the market could have used more, Three cars of Eastern Poultry are scheduled for to-morrow’s market. Game was plentiful and moved well at previous prices, with the exception of Hare, which were in heavy receipt and*lower. POULTRY—Dressed Turkeys, 16@18c; Live Hens; Geese, per pair, $1 50@1 75; Goslings, $2@2 25; Ducks, $5@5 50 for old and $6@7 for young; Hens, $4 50@6; young Roosters, $5@5 50; or large an: for small; 1 n'fisg:w Per ‘dozen for old and $250G3 for uabs. S AMi—Hare, 750g81; Rabbits, §1 50 for Cot- tontails and $1 for Brush; Gray Geese, $3 50@4; White Geese, $1@1 25; Brant, $150@ 2 50 per dozen: Honkers, $3@4 50; English Snipe, $3@3 50; Jack Snipe, $1 50@2; Robbins, $1 50 ver dozen. Butter, Cheese and Eggs. Prices for everything under this head remain the same. Stocks of both Butter and Eggs con- tinue lght, and though receipts of Eggs are now running large they seem to clean up, as the public are using mary more now that the retall price has got down to 28c for the best ranch, It is no trouble to get full figures for Butter, owing to the moderate stocks, and Cheese is quoted steady. At the same time, a continuation. of the present soft moist weather will probably break both Butter and Eggs in & few days, Recelpis were 27,300 pounds, 12 tubs and — kegs of Butter, —— pounds of Eastern Butter, 1003 cases of Eggs, —— cases of Eastern Eggs, 7300 pounds of California Cheese, —— pounds of Oregon Cheese and —— pounds of tern Cheese. BUTTER—Creamery, 27%@28c per 1b for ancy, 27c for firsts and 2 for seconds: airy, 17%@25c; store Butter, 14@17c per Ib. CHEESE—New, 11%c; old, 10@1lc; Young America, 12@13c; Eastern, 13@15c per Ib. EGGS—Ranch, 2lc for selected large and 19@ 20c for good to choice; store, 19¢ per dozen. Deciduous and Citrus Fruits. Strictly fancy Apples are scarce and in de- mand at full figures. Cheaper grades are plen- tiful and move slowly at unsteady prices. The citrus market continues firm at unchanged prices. Large sizes of fancy Navels are rather Scarce and command top prices, with some spe- clal brands selling as hgih as $3 per box. Seedlings and small Navels are plentiful, but move weil at maintained prices. Five cars are announced for to-morrow’s auction. Limes are easier, although prices are no lower. The Pan- ama steamer brought up 365 boxes from Mex- ico. T DECW!DUDU! Fi(]l’l;fl, 'PLES—S$1 per box for extra, 75¢ “Axpum.oodmchommuoucmw- ‘lmns—m cold storage, 75c@$2 50 per box. UITS—Navel 25 tof Sinaards, §1 0003 " for chotes. and 30 75¢@$1 50, rines. $1 75G2: . §2 2 50; Mediterranean Sweets, $1@1 50; Lemons, 50c@$l for common and $1@1 50 for good to choice, and $1 75@2 50 for fancy; Grave Fruit. $1G2; Mexican Limes, $4@5; Bananas, $1 250 2 50 per bunch for New Orleans and $1 25@2 for Hawailan; Pineapples, $3G4 per dozen. Dried Fruits, Nuts and Raisins. Dealers continue to quote a quiet but firmly held market, with light stocks everywhere. FRUITS—Apricots, 7@8%c for Royals and 8 @13c for standard to fancy Moorparks; Evap- teatureless market. BEANS—Bayos, $240G250; Small White, $3 10@3 25; Large White, $2 75@3; Pea, $3 50@ 4; Pink, $175@210: Red, $225@250: Black- eye, $3 65; Limas, $+40@460; Red Kid- ney’s, $3 50@3 75 per ¢ SEEDS—Trieste Mustard, $285@3: Yellow Mustard, $3 25G3 50; Flax, §2 40g2 75 Canary, 31%@3%c for Eastern; Alfalfa, from Utah, Feb. 8. — CATTLE — Receipts, orated Apples, 8@8%c; sun-dried, 4@4%c; Peaches, 5@7%c; Pears, 434@8%ec: Plums, itted, 4@5%c: unpitted. 1@2c; Nectarines, 5@ Bilc for red and 514@Gi4c for white: Figs, s for black and 60@75¢c per box for white. PRUNES—1801 crop are quoted as follows: 30-40's, 6@6%c; 40-50's, 4% @5%c; 50-60's, 4% @4%c; 60-70's, 3%@4%c; 70-80's, IU@IKC: 1000. Steady; good to prime steers, nominal, $6 50@7 20; poor to medium, $4@6; stockers and feeders, $2 50@4 50; cows, $1 25@5; helfers, $2 50@5 25; canners, $125@225; bulls, $2 25@ 4 55; calves, $2 50@T 60; Texas fed steers, $4 25 MINING @s. $6G06 3 of sales, steady. and hels stockers ued at § on metal vantage in order Lake, NEW ‘balances, ances, ances, SEA’ 10s@£4. LIVERPOOL, Feb. 8.—Wheat, easy; No. 1 standard California, 6s 3d@6s 334d; wheat In Parls, COTTON—Uplands, 4 21-324, HOGS—Recelpts: 55,000 estimated. Steady; mixed and butchers, rough heavy, 650; Western lambs, $5 25@G 40. ST. JOSEPH, Mo. HOGS—Recelpts, per market, buyers 12%c, and PORTLAND, TACOMA, ances, $85,182. Northern Wheat Market. PORTLAND, Or., Feb. 8 —WHEAT—! nal. Walla Walla, 6435@€5c; bluestem, LONDON, Feb. 8.—Consols, stiver, 25 7-16d; hops, Pacific Coast, firm, £3 To-day, good to choice heavy, $630@6 4 $606 Good to cholce wethers, $4 60@5 3 ST. JOSEPH. fers, $1 50@5 50; veals, and feeders, $2@4 75. 10,000. $3 75@6 50; Movement of Specie. NEW YORK, Feb. 8.—The imports of specle this week were $29,617 gold and $12,270 silver. The exports for the week were $009,645 sil- ver apd $4,203,514 gold. The imports of dry goods and merchandise at the port of New York for the week were val- 10,234, 424. New York Metal Market. . NEW YORK, Feb. 8.—Although there was no offictal call at the Metal Exchange to-day some interest was taken in the cop- playing for The turn, however, seemed to be in favor of buyers and it was probable that lower prices would have to be accepted d sellers ground. to place large lots. Meanwhile pric stand on about the same basis quoted yester- day, as follows: 12%@13c; electrolytic, 3 o casting 12%@15c. Quoted at $4 at mill. Lead ruled firm at $4 10 | @4 15. Spelter was quiet and barely steady at §4 10. New York Cotton Market. YORK, Feb. 8— Northern Business. Feb. 8.—Clearings, $244,241, $30,568. SPOKANE, Feb. 8.—Clearings, §184,444; bal- 31 Al OREGON. ‘WASHINGTON. TACOMA, Wash., Feb. 8 —WHEAT—Nomi- nal. Bluestem, 64%: club, 63%e. Foreign Markets. 94 11-16804% jet; flour In Paris, quiet, 40,000; Monday, 3§ 1006 €5; light, $575G6; bulk SHEEP—Receipts, 10,000. Sheep and lambs, Western_shee, Feb. 8. —CATTLE—Re- celtps, 250. Steady; natives, $3 75@6 90; cows | Steady: light and light mixed, $5 65@6 15; medium and heavy, $6 @6 35; pigs, $3 T5@5 05, SHEEP—Receipts, 75 head. Strong. 12%@ The local market | for tin was about steady, but very quiet, with | spot quoted at $24 25@24 75. Tinplates were the cotton market closed steady, net four to eleven polnts lower. 13, Aot Feb, 8.—Clearings, $192,356; bal- 1‘3;2;'.:, ‘Feb. 8.—Clearings, $364,055; bal- SMELTING The “Tacoma Company’’ is the unpreten- tlous title of a corporation that bids fair, even in its _inception, to become to the Pacific Coast what the great steel plants of Pennsylvania and other Middle States are to the East. THF. BUS: S—As SO0RE OF THE R e e ny’'s operations’ will be at Tagoma, Hashington, at which polnt are exceptionai factlities for the building and operating of the rolling mills, smelters, lumber yards, docks, etc., requéred in the conduct of the large business planned. From this central vantage point will radiate arms of the company’s enterprises to the immense coal flelds and rich mineral belts of Washing- ton, to the extensive fron deposits situate on deep water In British Columbla, to the famous ‘‘Marble Bay'’ mines and lime- stone quarries on Texada Island, and reaching in its ramifications even to Alaska. New, but proven, propertles are being absorbed almost daily. PROPFRTIES— O QEueht by *he Tacoma Com: pany’’ are for the most part producing roperties. For {llustration—the great rble Bay” property on Texada Island was . being worked in a small way and shipping a thousand tons of ore a month, t a profit of $12,000 when bought. The “Tacoma_Company”” will double and treble and quadruple the output of this great property, and the profits will be increased correspondingly. This “Marble Bay" prop- erty includes, besides the mine itself, a limestone quarry, lime kilns, _towasite, hotel, etc., the whole embracing 1200 acres of the most highly mineralized section of Texada Island. From the quarries are shipped several thousand barrels of lime monthly to Honolulu and to various Pa- cific Coast point: IRON The ‘“‘Tacoma Com- pany’” owns iron mines on Texada Island and Barclay Sound, B. C., and in Skagit County, Washington, that will supply more ore than it can use in a score of years, and has other valuable properties under ‘bond.. N RO orety Dirpores purposes, efly, to o the steel, iron and coal busi- ness of the Pacific Northwest, and in ad- dition a general mining, smelting, lum- bering and shipping business. That it will control the steel and iron trade of its ter- W% WAUE T nlfit the ownh?:?nd&oz o? :‘I}:fl:k“wfll not last until that not_reach us by letter on Tuesday G make a ever, as cents net cash. WIRE TR ORDNERS—We especially des! B O may wire their orde: of 10 per cent of the order will hold the stock. We Eitalzation pecessary. © Tt ca] zat . e de for the purchase of properties and $20,000,000 in the treasu: “'mmu”m;nmm p,fl'i,,. business on a good footing. Address orders and make remittances payable to THE AMERICAN GUARANTY & TRUST COMPANY, 820, 821, 822, 823 Hayward Building, San Francisco. STEEL RAILS STRUCTURAL STEEL AND IRON THE BANNER INVESTMENT OFFERING OF THE YEAR THE TACOMA COMPANY ritory there is little doubt. It occuples the fleld alone, has large resources, and is officered by men whose names stand as synonyms for success. The trustees are men of intexrity and business ability, as the following list will attest: PERSONNEL OF THE COMPANY. HENRY HEWITT JR., Tacoma, presi dent, treasurer St. Paul and Tacoma Lum. ber Company, president Everett Nationa Bank, president Wilkeson Coal and Coke Ccmpany, and largest owner of timber lands In Washi: A. J. HAYWARD, Tacoma, ecapitalist 2nd owner extensive coal lands In Wash- incton. A. M. INGERSOLL, Tacoma, president Taccma Elevator and Warehouse Company and director Lumbermen’s National Bank. C. W. THOMPSON, Tacoma, president Montezuma Mining Company, - president ‘Washington Co-overative Mining Syndi- cate . E. BLEVIN, cashier Lumbermen's National Bank. J. D. McINTYRE, Seattle, consulting engineer Montezuma Mining Company and ‘Washington Co-operative Mining Syndi cate; confessedly the leading mining en- gineer of the Northwest. A. G. FOSTER, United States Senator from Washington, and Mr. Hewitt's part- ner in various business concerns: is a shareholder and a moving spirit in the en- terprise. It will be seen that the Directorate of the new company embraces the strongest financial and business talent of the Pacific Coast. These men are not mere figure- heads, but are working heart and soul for the success of the Company, which succers will, without doubt, be realized. Mr. Hewitt tells us the Company must and will be a success, and the fact that he has never made a failure of any business venture in itself means much for the new enterprise, which he facetlously terms ‘‘the pet and darling of his old age. CAST “COMING EVENTS THETR %F.AJ?OWB gmvonx. — The plans of the “Tacoma Company" were made the subject of careful study. The first hint the general public had of the proposed organization appeared last sum- mer in a dispatch to the New York Com- mercial, which, In the light of recent events, proves to have been .well founded, since the syndicate referred to is the ‘“Ta- coma.” The dispatch says: e hundred thousand shares of the first issue of stock is all we will be per- This price will hold good only till February 15, but the small block of ) Under the laws of ire to favor those of our clients as wish these shares. Any such who can- rs ‘‘collect,” when we will reserve the amount of the order. reserve the right to decline orders in case of over-subscription. WOREK—The wide scope of the Compeny’s piam® and large interests involved Company”” is capitalized at $25.000,000 (par value of shares $1.00), with ry. Only so much of the stock will be sold, how- Washingten the AUCTION SALES 2 g GRAND AUCTION SALE ——OF OVER— 100 "2z tivery™ HORSES and Livery First consignment from D. Miller, Modos County, and consists of the flnest looking, soundest and best boned horses ever shipped to this city. They are sultable for all purposes. They weigh from 1150 to 1500 Ibs each, ages range from § to 8 years. All solid in color, gentle and broke to drive. Come and see them and be convinced. They must be sold, mo re= serve. These horses are now on exhibition at the Exchange. SALE TAKES PLACE TO-MORROW, MONDAY... FEBRUARY 10, 1902 Commencing at 10:30 a. m. OCCIDENTAL HORSE EXCHANGE, 721 Howard Street, Near Third, San Francisco. ‘WM. G. LAYNG, Livestock Auctloneer. Y B e Don’t miss our Regular Auction Sales of all classes of Horses, Wagons, Surreys, Bugsies, Carts, Harness and Saddles. Sales positive every TUESDAY at 1140 Folsom st., 11 a. m. 30-90's, 25208% 90-100"s, 235@2%¢ per 1b. RAISIN ed, 3-crown, 8c; 2-crown, & @7%¢; Loose Muscatels, 6%c for 4-crown %o for seedless; d-crown, Uc; 2-crown, 5%c; Seedless Sultanas, 5%c for unbleached and 1@ $%c for bleached Clusters—Imperial, §3; De- besa. $2 50; Fancy, §$175; London Layers, $1 25@1 35. NUTS—Chestnuts, 11@12c; Walnuts, No. 1 softshell, 93¢; No. 2, 8@8%¢c; No. 1 hardshell, be; No. 2, 7c; Almonds, 10%@l2c for paper- 1l, 9@10c for softshell and 8@7c for hard- shell; Peanuts, 5@7c for Eastern; Brazil Nuts, 12@12%c; Fllberts, 12@13%¢; Pecans, 11@lic; Cocoanuts, $3 50@5. HONEY—Comb, 11@12¢ for bright and 1 1lc for light amber; water white ex 5@6c; light amber extracted, 4@0c; dark, 4c. BEESWAX—273%4@29c per Ib. Provisions. - Chicago was a shade firmer. Receipts of Hogs for the week were 90,000 against 54,000 during the same week last year, and large arrivals are expected Monday. The general tone was dull and the cash demand was mot large, but some support was given the market by the local ed and weak, with Hams selling at and eve: below cost of importation. CURED MEATS—Bacon, 11%c per Ib heavy, 12c for light medium, 13c for lght, for 14c for extra light and l&% for sugar- cured; Eastern sugar-cured mflm California Hams, 11 ; Mess Beef, 39 10 per barrel: extra Mess, $10 50@11; Family, $11'50@12; prime Mess Pork, $15; extra clear, 52 Mess, $18 50@19; Smoked Beef, 13%@14e per pound. LARD—Tierces, quoted at Sc per Ib for com- pound and 10%@llc for pure; half barrels, lli 11%e: gure. 113e; 16-1b tins, ¢; 5-1b tins, ib ‘tins, 12c. COTTOLENE—One half-barrel, 1034c; thres ‘halt-barrels, 10c; one tlerce, 9%¢; two tierces, 9%c; five tierces, 9%e¢ per Ib. Hides, Tailow, Wool and Hops. ‘Hides are quiet, and several descriptions are lower. HIDES AND SKINS—Culls and brands sell about 1l4c under quotations. Heavy salted Steers, 1ilc; medium, 10c; light, 9c; Cow Hides, $c for heavy and 8ic for ligh Stags. 7c: Salted Kip, 9c: Saited Veal 9y Salted Calf, 10c; Dry Hides, 163%¢c; Culls, lic: Dry Kip, lc; Dry Calf, 1Sc: Culls and Brands, i5c; Sheepskins, ~sheariings, 15@dlc short Wool, 40@60c each: medium, 650 ; ‘long_Wool, 80c@$1 10 each; Horse Hides, alt, $2 758 for large and $2 50 for medium, §1 75@2 for_small and 50c _for Colts; Horse Hides, dry. $1 75 for large, $1 25@1 50 for me- Atum. $1 25 for small and S0c for Colts. Deer- skins—Summer or red skins, 35c; fall or me- dium skins, 30c; winter or thin skins, 20c. Goatskins—Prime Angoras, T5c; large and smooth, 50c; medium, 35e. 1 mdtr‘tmlfick per Ib; No. 415@5¢; grease, 235 . NevEor 2 fat, Ban Joaquin, 6@Sc; San_Joa- quin_Lambs’, T%@8%ec: Middle County, S@l0c per 1b; Valley Oregon, spring, i%e; do, fall, 14@15c b, OPB—-W{OO for' fair and 11@12¢ per 1b for lo‘n‘d to choice. Local dealers quote 10@iSe for shipment. San Francisco Meat Market. Hogs are firm at the slight improvement al- ceady noted, with moderate receipts. Other ‘meats stand the same. Wholesale rates from slaughterers to dealers follows: O EEF . 6%G7%e for Steers and 6@Te Der I tor Cows. AL —Large, 8@9c; small, 3g10c per Ib. M R /Spring MUTTON—Wethers, SG4c; b Pf AMB — Yearlings, 9G9%e per Ib; Lamb. 1le_per Ib. —Live Hogs, 200 Ibs and under, S350 18 & - ver. 5% @8%c; feeders, 1o 20 per cent off; boars, 30 per cent off, ow: and stags, 40 per cent Off from the above quos tations; dressed Hogs, 7%4@9c. General Merchandise. GRAIN BAGS—Calcutta Grain Bags, Tc; o= Continued on Page Thirty-Five. MERCHANDISIN LUMBERING or several months past representa- tives of a strong syndicate have been look- ing over the Pacific Coast from Mexico to Alaska examining In the most critical ana thorough manner the iron and coking coal deposits in order to determine the possibil- ity of establishing furnaces, rolling mills, piate and structural works on_Puget Sound. Doubt was expressed by Eastern assoclates regarding the ability to find iron and coal in sufficient quantity and of the right quality for a large plant, but they are now in a position to dispel all doubt, their explorations proving successful be- yond exvectation. They have found large iron denosits in Washington, British Co- lumbia and Alaska, all within easy dis- tance of tide water and some directly on sait water. They have been equally success- fal in securing coking coal in large quanti- ties, accessible to tide water and cheap transportation. This coal makes coke equal to that produced at Connellsville in Pennsylvania. These coal fields are in the vicinity of Seattle and Tacoma. Pigiron cn the Pacific Coast has been selling for $25 a ton, and freight tariff across the continent 'is $12 per ton. Pigiron and steel billets can be prrduced as cheaply on Puget Sound as they are produced in Pitts- burg or Birmingham. Ala.. labor and raw rmaterfal costing the same. The present rail tariff across the continent would thus give them a clear profit of $12 a ton as against Eastern fron. The consumption of iron on the Pacific Coast is 1000 tons a day, with increasing demand. The Ori- ent ‘also affords a great market. It is the purpcse of the syndicate to build a plant with a present capacity of 1000 tons daily and add to it as demand requires. They look upon the Pacific Coast as the greatest unoccupied iron field in the world, where trusts or combinations cut no figure and large profits are permanently assured. They are recelving great encouragement from foundry and ship-building people all over the Pacific Coast and all assure them un- FOTTOWING A GOOD LEAD.— The “Tacoma Comvany” has adopted the plan that brought success to the Monte- ruma Mining Company (of Washington 2150), and offers its shares for popular sub- scription st a Drice consistent with cur- rent values. Prices will be advanced to keep pace with development of the various enterprises of the Comvany. Or a deposit stock is forever non-assessable.