The San Francisco Call. Newspaper, February 21, 1902, Page 8

THE SAN FRANCISCO CALL, FRIDAY, FEBRUARY 21 1902. SUMMARY OF THE MARKETS. Railroads decline in Wall street. Local stocks and bonds dull. Silver and Exchange as before quoted. Wheat and Barley somewhat lower. Oats, Corn and Rye dull. Hay in demand for local conswmption and shipment. Feedstuffs easy, owing to the rains. No change in Butter, Cheese and Eggs. Dried Fruits developing more strength at New JYork. exchange which increased the threat of gold exports. Wherever prices had been moved up récently on the presumption that plans were in prospect for combinations of existing prop- erties along the lines of the Northern Securi ties Company, the effect was especially mark- ed, as in some of the coalers and the Gould Southwesterns. The early excitement was suc ceeded by comparative quiet. Liquidation pro- ceeded, but in a more orderly manner. Buying for support occasionally rallied the market, but [ it was discontinued, and the sagging tendency | revived. This condition was continued up to the close, which was active and easy, but not at_the lowest for any prominent stocks. There was enormous selling for many of tl | speculative bonds, especially the Wabash Deb- | cnture Be, Baltimore and Ohio convertible: Inion Pacific convertibles and Consolidated To- | bacco 4, which fell from 1 to 2 points at one time. Tn the general bond list there was no pressure of liquidation. although slight de- | glings were the rule. "otal sales, par value, 5,720,000, N United States 55 advanced 3, the refunding 2s %. the 3s 4 and the old 45 % per cent on Provisions lower at Chicago and dull here. Nothing new in the Meat or Livestock markets. Heavy receipts of Potatoes from Oregon. Onions weak and lower. Vegetables plentiful and dull. Canned Salmon scarce and firm in England. Fruitsi dull, owing to the rainy weather. Limes advanced. Lemons in larger receipt. Local stocks of Oranges moderate. Poultry in light supply and firm. The Financial Situation Strong. The New York circular of Henry Clews says: “There is every evidence of strong inside support being given the market and prices have shown greater strength in consequence. For weeks past it hae been an open secret that the big leaders were committed to the bull side of the market, and were simply awaiting favor- eble conditions for assuming the initiative. Unguestionebly the situation is more favorable eir operations than at any time since last summer's advence. Since then the market has withstood all sorte of hard knocks. The North- ern Pacific crisis, the failure of the corn crop, the death of President McKinley, and other untoward events have all had their effect in checking speculstion on the Stock Exchange. Such a series of heavy disasters in ordinary times would have precipitated a panic of the sharpest character; that they did not do so is emphatic proof of the general soundness of the financial situation. These difficulties have im- posed a test to the market that leaves it in & much stronger position than would have been the case had the rise gome on without inter- ruption. 1 was among those who would have liked 1o have seen prices touch a lower level in order to broaden the market and invite fresh Thie, however, it persistently refused A good deal of quiet liquidation has which has been to_dc taken place since last July, very painful to over-enthusiastic operators for the rise, but leaves the situation under strong- er and better control. Weak holders have been pretty thoroughly eliminated and the stubborn Tesistance to bear attacks has completely sup- pressed all ageressiveness from that quarter. The technical situation therefore lends itseelf readily to upwerd manipulation. “Some attention has been given to the re- markable expansion of loans during the past few weeks. As these are out of all proportion to o ary mercantile demands the only con- clusicn is that these loans .nean preparations for important financial operations of some kind. Just what these are it is impossible to say. There are abundant rumors of important deals in contemplation, but nothing definite has yet been made public. No doubt much of the con- fidence is due to inside knowledge of what is golng on. The outlook, however, is for easy money until preparations are in order for the April settiements. Those who are financing these deals are not likely to permit any serious disturbance in the money market which might interfere “At the moment therefore there is little rea- son for taking a pesimistic view of the situa- tion. The market has had a period for rest and recuperation: and those in control may consider the period opportune for completing some of the vast plans which have been under considera- tion. If they succeed in their endeavors and nothing intereres we shall probably see a more active market during the Dext few weeks, and Judicious operations to catch the fluctuations cannot fail to prove profitable.” Imports of Specie. Imports of specle at this port in January were $139,353, against $3,057,117 in January, 1801, the descriptions being as follows: Gold coln, $3454; gold bullion, $43,000; silver coin, $3880; silver bullion, §85,575. The disparity be- tween lest month and its Gorrespondent last year was owing to heavy receipts from Japan and Australla in January, 1901. The only coun- tries sending us coln last month were Mexico, gg;flaz» British Columbia, $8125, and Japan, Salmon Scarce in England. The London Grocers' Gazette of February 1 says of the salmon trade: A firm market has 2gein ruled druing the week and an advance of 6d per case over last week's. prices on Alaska has been established. Fraser River salmon is exceedingly scarce on the spot,- and transactions in this description have conse- quently been somewhat restricted. Some ex- citement has been caused by the reported loss of the Red Rock In Liverpool the squeeze anticipated some weeks back has come with a vengeance, and prices have jumped 1s to 2s per case. The consumptive demand from the country seems to have exceeded even the most sanguine ex- pectations and there is no doubt that the lower stratum of prices has induced a big demand. Business Still on a Stable Basis. A leading New York authority says of the condtion of trade: ““A potent faétor in the general business and financial situation, and one which must enter into calculations for the future, is the gradual recovery of the European markets from pro- ionged depression. Slight recessions from high water mark are, as I have before noted, to be seen here and there, but the recovery of Eu- Tope means increased demands for products, of which our merchants will not be slow to take full advantage. Slackening of demand at home promises to be well offset by increasing orders from abroad. The figures promulgated by the Bureau of Statistics at Washington, {:lldn‘ the weaith of the country at over eighty illions of dollars, with a relative public debt ©f only one and four-tenths per cent, are such a5 to well nigh forbld pessimism. The United Kingdom, our nearest follower, appears with an approximate wealth of fifty-nine billions and & relative public debt of six per cent. Such a comparison is not one to discourage the Ameri- can people; and in our purview of the general ituation we must not allow the little clouds or_mists—often temporary setbacks—to dim wur vision of such powerful und fundamental forces. Ancther element of encouragement in the general situation lies in the very appre- clable increases during the past few months of ®old production in South Africa. The return 1o anything near the normal supply would strengthen the markets of the world and even the present ratio of Increase ought to ease the demands for gold upon this country, especially s precent events strongly indicate the Ilfkeli- hood of a final termination of the Boer war within a reasonable time, ““The raiflroad situation remains sati earnings continu; actory, ng to exceed last year's llrr:e figures in spite of corn crop damage - Tuption of tratfic from bad weather, “The mer: cantile outlook is also satisfactory, the Wi belug exceptionslly prosperous and the ig classes enjoying good credit. From all accoulls the prospects are for ‘a good spri trade In due season. Improvement in the for €lgn situation is aiso likely to stimulate our export trade in manufactures.” Dried Fruits in ew York. Mail advices from New York say: “'At the moment there is noted a good, active Gemend for apricots, with a much stronger feeling among holders on the spot. We hear of business for shipment from the Coast in round lots at, it is stated, about the parity of ®pot Isid down. Some inquiry and buying are ported from nearby. interior ma: S e e 126 for fency 4o bags. An offer of a car load wired te Coast yesterdey at a price named for a lot o Mondey was turned down, the holder being un- willing to sell on thal basie. Spot stocks at the tmoment are said to be light and the feeling is Boierianly mer. “with Sn Upward tendecy here is noted & good Jobbing interest for smali lots in boxes within the quoted range. “In prunes there is noted a steady demand for local and nearby jobbing account, with eeil. holding pretty firmly on the §%o apot ba- = for 40-50 Santa Clara fruit in 25-1b boxes. here is reported mome Scarcity of 50-g0r. sed on this size the views of holders are a shade [ioneer, with Bhic most generally ‘quot d. =t advices report no change in the situation there. ‘The small frult of the old crop arriving réay, sizes 120-140, Js held at B by re. vere. ‘Haisins are dull. On loose 6l4c appears in- £ side for 3-crown grade. We hear of sales to- day on the spot aggregating 1200 boxes at 6%c. Two-crown and 4-crown are scarce and quot: tions somewhat nominal. Seeded in cartoons are in moderate request and gteady. There is more inquiry movement in choice grades is reported. Selle Hold pretty firmiy at quotations. Some buying from the Coast is reported. Dates are steady and unchanged. Figs are In fair request and firm. Pears are scarce and for fine grades there is more firmness reported. In nuts rather more inquiry is noted for filberts on the spot, with Sc inside quotations. Jordan shelled al- monds are stronger: nothing now offering un- dor 4dc, with 45 quoted by some Holders. Shelled walnuts meet a fair interest and the prices hold fairly steady. Sales of 100 boxes of straight Bordeaux shelled were reported to-day at 168 » Weather Report. (120th Meridian—Pacific Time.) SAN FRANCISCO, Feb. 20—5 p. m. The following are the seasonal rainfalls to date, as compared with those of same date last season, and rainfall in last twenty-four Pty | Fennsylvanta . Last This Last eading ... Stations— 24 Hours. Season. Season. | Reading 1st pra Eureka . 1.32 36.76 | Reading 2d prd. Red Bluff . 0.42 StL&SF. Sacramento 0.32 StL & S F 1st pfd. 0.53 St L & S F 2 pf 0.06 St L Southwest. 0.00 St L Southwest Trace - St Paul .. Los Angeles , 0.00 St Paul pfd. San Diego . 0.00 Southern Pacific San Francisco data: Maximum temperature, 56; minimum, 51; mean, bi. The following maximum and minimum tem- peratures were reported from Eastern station: Boston Washington Cincinnati . 12{Omaha Philadelphia ..... Duluth Jacksonville -62-52|Chicago . New York 28-16 Balt Lake Kansas Cit -28-16|St. Louls .. THE COAST RECORD. F EE © 2 ofAwm HE S5 &5 b 3 | America; § EXEE 3 22 1| Unied st stations. 2 ZE838 32 2. § | Wells Fargo 2 3583578 5% Z| Miscellancous— 8 gagdnt g £ | Amal Copper . ey Ry Wb § | Amer Car & F. e ‘nHLS 5 | Amer C & F pi. IR s * | Amer Linsced Ofi. . -30.02 56 48 SW Pt Cldy .42 | 4o pinseed O ptd 3002 46 38 SE Cloudy .00 | ATCE Loco ... 20.96 52 22 W Cloudy .00 | 4mer Loco pfd. -30.04 56 41 NW Cloudy 1.3z | AMer Smelt & R 30.10 68 50 N Cloudy .06 |4mer S & Ref prd. -80.02 50 22 SE Cloudy .00 ADaconda Min Co.. . 13a.30.06 50 34 SE = Pt Cidy .o | Brocklyn R ‘Tran. Independence .30.06 60 30 S Pt Cldy .00 | SOl Fuel & Iron. Los Angeles...30.06 72 40 W Cloudy Consolideted: O Phoenix 30008 12 42 NW Cloedy | Con_Tobacco ptd Portland .../30.04 58 48 S Clear B R Red Bluff 1130.10 52 50 SE Rain Sucase Sugar. - Roseburg 30,04 58 52 NE Pt Cldy Sosking £on 2 Sacramento ..30.08 52 50 SE Rain Internuilonal Paper 24 L1935 30108 50 30 W Cloway os | International P pfd 7 Y 30,06 56 48 SE Rain® gg |International Power 2 8 30.10 62 36 § PtCldy T.|Laclede Gas ... A 01 130.04 70 50 NW Cloudy .00 | National Biscuit. 6% 467 4674 30.00 G4 40 SW Cloudy .00 National Lead . 187 18" 178 3000 50 32 SW Rain 7T. | National Salt 5 23 20.92 52 .. SW Rain .40 | National Salt pfd. 63 8002 54 34 S Rain . | North American. 91 02 48 28 E_ Cloudy .00 | Pacific Coast . Sini vy S .00 78 46 SE Clear ,ou‘;’m!lc Mail 451, 451, 453 People’s Gas . 997 : Temperature at 7 a. m., 48 degrees. Eressed Steel Car. 00 Sor 2 on < = = = = ressed Steel C ptd 700 83 83 EATHER COhFTg;,{:%hS AND GENERAL | Pullman Pal Car. 200 215 ofp 2187 "AST. Republic Steel. 1,500 163 156% lfi'/i] The pressure has fallen rapidly over Utah | Republic Steel ptd. 1,000 6% 69 69i) | and Wyoming, and has risen rapidly from | SUBBT ............. 39,100 130 = 127% 129 Point Conception northward. Tenn Coal & Tron. 47,300 08% 66 @7Y chain has fallen generously over Central and | Union Bag & P Co ‘100 16% 16% 16 Northern California. In the valley .08 is re- | Union B & P Co pfd S5 Paaas . 180 ported at Fresno, and on the coast a trace js | U S Leather. 2,800 1% Uy 11 reported at San Luis Obispo. Light showers | U 8. Leather pfd 500 81% 81 81K may possibly occur Friday morning south of | U S Rubber.. 1,500 15% 15 1434 the Tehachapl. | U S Rubber pfa. 400 55" B3% g3 | The temperature has fallen about 16 degrees | U S Steel 33,100 44 43% 437% ! on the northern coast of California and s now | U S Steel pfd. 88,700 94% 931 937 normal. Western Union ... 9,000 80% 90 , 90t | Forecast made at San Francisco for thirty | hou'n ending midnight February 21: Total sales.....1,053,600 Northern California—Light showers Friday > breaking away during the day; light southerly | .. iy Rios winds changing 1o mortheriy. U S ref 28 reg...106% L & N Uni 4s....101% Southern California—Cloudy Friday, possibly | DO 25 coup.....108% | Mex Central 4s.. 8215 light showers in the morning; light southwest | DO 4s reg. Do 1st inc..... Nevada—Cloudy Friday; light San Francisco and \»1c|n|:)?—clee‘:r'1;rglyrv:xl;f;3 light southerly winds changing to westerly. ALEXANDER G. McADIE, Forecast Official, * EASTERN MARKETS. New York Stock Market. NEW YORK, Feb. 20.—The announ by the Attorney General of the United Staiee that he believed the Northern Securities Com. pany infringed the enti-trust Jaw and that he would file a bill in equity in the Supreme Court in accordance with instructions from the Presi. dent, to test the question, overs| other constderations in the stock market ;. The acute Interest manifested in this compeny by all speculators and, indeed, all holders ot securities, was vividly demonstrated by - the effect in the stock market, and was the more | Adams Con 20, Little Chier. 12 notable since Great Northern preferred fs the | At 5, ol 0 only stock remaining lsted on the Exchange | Bramswick Gon 07 Phoenix” 06 which is directly included In the Sccuritics | Comstock Tunnel.. 05’ Potosi . 12 Company. Yet the whole market fell away | Con Cal & Va.....1 25 Savage % sharply under heavy liquidation, with only a | Deadwood Terra.. 30 Sierra N 13 few unimportant exceptions. ' The stocks of tho | HOr Siiver 140/ Benall Soves 5C Transcontinental —companies ~were naturally | 1700, Silver. o ard ... 3 20 most affected, as the formation of the Norin, | Leadville Con 4 ern Sccurities Company represented to harmonize conflicting Interess in that flor, Great Northern prefcrred lost 6%, Northwes.. ern 7%, Rock Island 5%, St. Paul 31, Union Pacific 3% and Southern Pacific 2%. E.sewhere in the list losses generally ran off trom 1 g 3% points and over that in many exceptions, cases. On the curb Northern Securities when issued dropped over points. The concern of such a variously assor securities in the welfare of the Nosthers: 5o cwrities Company is not very obvious, but the average speculator in stocks and especially the professional trader, is deeply imbued with the | Fitchburg pfd.... Mohawk . conviction that all his woes are the outgrowtn | Union_Pacific ... Old Dominion ... of the conflict for Northern Pacific control las, | Mex Central Osceola year and that it is only necessary for the read. | Miscellaneous— Parrot . 3 Justment to be made of the situation grecipi- | Amer Sugar .....120% Quincy 140 tated at that time for the stock markel to re-s| Do pfd. -11814| Santa’ Fe Copper. 314 Sume all the buoyancy and speculative turore | Amer T & 'T.....107%| Tamarack .......245 that was Inlt‘rrllg:&.d by the May panic. Fur | Dom Iron & Steel.i5 | Trimountain . 92 some time there been a deep-rooted convic-.; en Electric ....288% | Trinity .. <13 ton among the speculators that the Supreme | Mass Electric.... 36%| United States ... 17 Court would throw out of court Minnesotw's | Do pfd 5% | Utah ... .28 Sarseinst the legality of the Northern Se- | N E G & Coke.. Bl Victoria ! A curities Company. There has an assump. | United Fruft .... Winona A tion also which was carefully fostered in the | U S Steel Wolverine . . 5014 interest of a revival of speculation that public opposition to financi combinations 7523 more apparent than real and that a demon. stration of the public utility of these combina.- tions would secure them against interference even technically open to question as to legality. This morning’s announcement from Washing- ton was, therefore, a rude thock to &l of these optimistic sentiments that had been s business during the recent ja Prices declined sharply and the market ioked semi-demoralized. [eavy selli; for European account added to the burden of the market and at the same time created a sharp demand for | 02 Purtured tn the fnancial Gistrict The ooy o Ratiway @ e 38 movement swelled the dimensions of the trad: So Rallway ‘pfd.. 07 ing dur the first hour to a Volume equal So Paclfic 655 10 a full day’ f 03: a1 noted for peaches and a fair | Erle | direct |- | Minn & St Lous. the last call. NEW YORK STOCK LIST. Stocks— Sales. ‘High. Low. Close. Atchison ... 6% 7B 7% Atchison pfd 97 61 V6% Balt & Ohio 1045 1023 163% | Balt & Ohio p 91" 91wl Canadian Pacific 115 114 1144 Canad Southern §6 851 85 Chesapeak & Ohio. 45% 45 45% Chic & Alton. .. 37% 35% 8TY Chic & Alton ptd T% 16 6% Chic Ind & Louls.. 611 59% 60 Chic Ind & L prd % 8% 70 Chic & East Til Chic Chic X Chic & . Chic & Northwest. Chic R I & Pac. Chic Ter & Tr.. Chic Ter & Tr ptd. C € C & St Louis Colo_Southern . Colo Sou 1st prd. Colo Sou 2d pfd Del & Hudson Del Lack & West Denver & R G. Denver & R G pfd. Erfe ist pfd 4,700 Erie 24 prd 500 Great Northern pfd 1,700 Hocking Valley ... 800 Hocking Val ptd 1llinois_Central . Towa Central Towa Central pfd.. Lake Erie & West. Take E & W pfd... .. Louisville & Nash. 10, Manhattan L.. Mexican Central. Mexican National Missouri Pacific . Mo Kan & Tex. Norfolk & West. Norfolk & W pfd Ontario & West Southern Railway Southern Ry pfd Texas & Pacific. Tol St L & West. Tol St L & W pf Union Pacific W & L E 2d brd. Wisconsin Central. Wisconsin Cent pfd Express Companis Do 3s coup. Do new 4s reg. .1 MK &T4s..... 09% | Do new 4s coup. Do 2ds.. ¥ 8232 i Do old 4s reg..112%| N Y Cent lsts...10314 Do old 4s coup. Do gen 314s....107% Do bs reg N J Cent gen 5s.136 Do s coup.. ... Atchison gen 4s.. Do adj 4s...... Balt & Ohio 4s.. Do 31s. i Do conv 4 5 Canada Sou 2ds.. Cent of Ga bs Do 1st inc..... Ches & Ohio 4%s. Chic & Alt 3%s.. Southern Ry bs. ..120 C B & Q new 4s. 95% Tex & Pac 1sts...120 C M&S P gen 4s.. Tol St L & W 4s. 85 C & NW con 7s..13 Union Pac 4s....105: CRI&Pds.... CCC& S L gen 4s. Chic Ter 4s...... o st Shore 48...1 hadowed all | Erie prior lien 4s. WELE e 5 Do Gen 4s...... Wis Central 4s... 89 FW&D C is Cons Tob 4s..... 6514 Hock Val 4%s. ... NEW YORK M BOSTON STOCKS AND BONDS, Money— Mining— Call loans. 5@4| Adventure . .21 Time loans iG434| Alloues .. : s Bonds— malgamated ... NEG & Coke... 58 | Baitlg oo 10 % Railroads— Bingham Atchison ' Do ptd . 96% | Centennial 16 Boston & Albany. Boston & Maine. . Boston_Elevated. N Y NH & H... Do pfd. Consols for money Consols for acet.. Anaconda C M Denver & R D& R G pfe Erle Erle 1st pfd 500 800 33,000 500 2| Northern Pac 4s..1 L AB% . 935 LONDON CLOSING STOCKS. 700 00 30% Minn & St L 4s..105 05% g Pass 45, 913 Southern Pac 4s.. 047 Do conv 4s. INING STOCKS. Fr Isle Royale Ifiouhxv] & x‘h;‘nvm < 0, Kans . MK & T prar: i | New York Cent..167 Norfolk & Wstn. b8 Nor & W prd Unifon Pacifi Union Pacific U S Steel HRRL L | Refined, firm. | # | influenced selling | Western points was small, the market for pro- Articles— Open. High. Low. Close. Wheat No. 2— May . s 81 7% 8% July . 8% 8% 8 8% September T TN TT% % Corn No. 2— May . A 61% 61% 60% 611 July . 611, 61% 60% 611, September ..... 60l 603y 591 60 ats No. May . 4315 43% 43 43! July . 36% 36% 36 36¢ September 31% 31% 3L 31! Mess Pork, per bbi— . May . 1550 15 80 15 621 15 67% July . 15 72% 15 9214 15 7215 15 92% Lard, per 100 Ibs— May . 94214 D425 935 9 40 July . 9 521, 052% 945 952 Short Ribs, per 100 Ibs— May . 845 845 840 845 July . 855 85 850 852 | September ..... 8 623 8621 860 862 Caseh quotations were as follows: Flour, Erle 2d pfd. 57 |Wabash ptd . - Tilinois Centrail. 144 |Spanich 48.+..0 100 'nfi Lar sllver, quiet, 25 7-16d per ounce. Money, 233 per cent. The rate of discount in the open market for #short bills is 27 per cent. The rate of discount in the open market for 3 months’ bill is 2% per cent. New York Money Market. NEW YORK, Feb. 20.—Money on call steady at 2@23% per cent: closed offered at 2 per cent; prime me 1t - 415 per cent; Sterling exchange sironenith ‘etua business in bankers' bills at $4 873% for demand and $4 847 for sixty days; posted rates, $% 85%@ 486 and $1 8834 881,: commercial bills, $4 841 @4 851;; ?:r silver, 55l4c; Mexican dollars, 43%c; Government bonds, strong; State bonds, inactive; railroad bonds, weak. London Market. NEW YORK, Feb. 20.—The Commercial Ad- vertiger's London financial cablegram = The weakness in Kaffirs is likely to last dn- til the settiement next Tuesday. All depart- ments of the market are affected, but American shares were the flattest on Attorney General Knox's opinion portending Government inter- ference and an intimation to suppress the Northern Securities Company merger. The market opened firm, but broke on the cable dis- patch regarding the merger. The momentum of the decline gathered headway despite New York's attempt to harden prices. Union and Southern Pacific led In the fall, 10,000 shares of Southern Pacific being sold in one block to_Leon at 653. Rio Tintos were % down at 55%. Condition of the Treasury. WASHINGTON, Feb. 20.—To-day's state- ment of the Treasury shows: Available cash balances, $172,275,083; gold, $86,731,995. # New York Grain and Produce. — NEW YORK, Feb. 20.—FLOUR—Recelpts, 17,635 barrels; exports, 3615 barrels. Fairly active and about steady. WHEAT—Receipts, 151,050 bushels; exports, 88,140 bushels. Bpot, steady; No. 2 red, 88t4c £. 0. b. afloat; No. 2 red, p0%c elevator; No. 1 Northern Duluth, 86%c f. o. b. afioat; No. 1 hard Manitoba, 89c f. o. b. afloat. General'{ heaviness prevailed in the market all day until the last hour, when export trade and firmness at the Southwest started vigorous covering. The early weakness resulted from bearish cables, the decline in stocks, liquidation and favorable | The close was firm at %c net de- . March closed Siljc; May, 83 7-16@ 83 15-16¢, closed 83%c; July, 83%@83%c, closed 83%c; September, 8214@S23c, closed S2%c. HOPS—Firm. % HIDES—Steady. WOOL—Steady. COFFEE—Spot Rio, easy; dull; No. 7 in- volce, B%c: mild, quiet; Cordova, 8@12c. Fu- tures—Market steady and unchanged and closed easy with prices net 5@10 points lower. Total sales, 17,500 bags, including: March, 5.25@ 5.30c; May, 5.45@5.50c; July, 5.65c; September, 5.80@5.80c: October, b.90c. SUGAR- Fair refining, 332(:: centrifugal, 96 test, 3%c; molasses sugar, 27sc. DRIED FRUITS. NEW YORK, Feb. 20.—Evaporated apples are in fair jobbing demand and have a firm tone, but prices remain unchanged. e, common to good, 7@S%c; prime, 9@ 9%c; choice, 915@10c; fancy, 10} @1lc. California dried fruits unchanged. PRUNES—37@6%c. lzgymco'rs—xaynx. 10@14c; Moorpark, 9%@ c. PEACHES—Peeled, 14@18c; unpeeled 8@9%c. ¥ *- Chicago Grain Market. # CHICAGO, Feb, 20.—The wheat market opened with a bearish sentiment. Liverpool cables were lower. The winter crops in most States had a perfect covering of snow and more snow was predicted. May opened %@%c to %@%c lower at Tsc to T7%c. For a time it was thought bull markets would prevail, but the nervousness in the New York stock market in grains and depressed prices. Recelpts at primary points were lib- eral and exvort clearances were the lightest for some time. May sold off to 77}4c and then turned dull. There was little short interest at the opening, but when sellers of to-day found lower prices brought out buyers, they began to cover. New York late in the session re ported fifty-one loads taken for export. This had an Improving effect and May forsook the bear side and sold up to 784c. The close was steady, unchanged, at TSK@i8ic. Corn acted a good deal in symvathy with wheat and almost duplicated its fluctuations. Cables showed a bullish impulse, but when wheat broke corn followed. The general condi- tion of the corn trade helped a recovery. The close was firm, %4@%c higher at 613%@6114c. Oats were dull and followed wheat and corn. May closed 3c up at #3%ec. Although the rumor of hogs both here and visions was weak all day. The reasons as- signed for the weakness was that longs were selling out. May pork closed 10c down, lard d ribs each a shade lower. The leading futures ranged as follows: easy: No. 3 spring wheat, 70@75¢c; No. 2 red, 83%c; No. 2 oats, 4114@43%c; No. 2 white, 4434@45¢; No. 3 white, #4@idc; No. 3 rye, 60 @bic; fair to’cholce malting barley, 60@63tc; No. 1 flaxseed, §1 67; No. 1 Northwestern, $1 72; mess pork, per bbl, $15 45@15 50; lard. per 100 1bs, $0'20@9 22%; short ribs sides (loose), $8 25@8 40; drv ' salted shoulders (boxed), TH#@Tlc; short clear sides (boxed), $8 708 80; whisky, basis of high wines, $1 28. Articles— Receipts. Shipments, Flour, barrels . 30,000 28,000 ‘Wheat, bushels 73,600 Corn, bushel 58,000 Oats, bushels 116,000 Rye." bushels 2,000 Barley, bushels . 37,000 On the Produce Exchange to-day the butter market was easy; creamerles, 18@25c; dalries 18@24c. Cheese,” strong, 10@13%c. Eggs, easier; fresh, 31%@32%c. * * Foreign F. utures. — % LIVERPOOL. Eastern Livestock Market. CHICAGO. CHICAGO, Feb. 20.—CATTLE — Receipts, 900, including 300 Texans. Active and strong. Good to vrime steers, $6 40G7; poor to mq dlum, $4@6: stockers and feeders, $2 50@D: cows, $1 2000 25: helters, £2 0005 00; can: ners’, 1 25¢2 30; bulls, $2 254 60; calves, $2 50@7; Texas fed steers, $4 50G0 75. HOGS—Recelpts _to-day, $0,000; to-morrow, 28,000; left over, . Active and strong at yesterday's prices. Mixed and butchers', §5 65 ood to cholce heavy, $6 20@6 40 g‘;&g h ;‘;/y. $5 90@6 15; light, $5 T5@6; bulk, [ B P Recoipts, 12,000, Steady. Lam 10@15¢ lower. Good to choice wethers, $4 7 5 26; fair to choice mixed, §3 85@4 60; West ern sheep and yearlings, $1 i _natlve lambs, $3 T5@6 50; Western lambs, $5 25@6 60. New York Metal Market. NEW YORK, Feb. 20.—About 21,000,000 pounds of copper for delivery during the next seven months n parts of lake, electrolytic and casting, 1,000,000 pounds of each kind per month, was offered for sale at the Metal Ex- change to- at the market, but there were no buyers. rices for copper were unchanged, with lake at §12 25@12 50, electrolytic at $1220012 873 and casting at §12 12%@ 12 37%. The London copper market was s 6d higher, closing with spot at £55 17s 6d and futures at £65 Ts 6d. Tin was about Jac lower on the bid price but quiet, with §24 50 bid and $25 25 asked. London tin closed with spot unchanged at *1end way unchangedhere &t 51 13% and was uncha; ere af and un- changed in London at £11 12s 6d. opelter was unchanged 2t home and, Abroad, ew York was quoted at 1 London at £17 17s 6d." st Iron was firm and unchanged here, but higher abroad. Glasgow closed at 53s 114 and Rere closed at 811 uéfi‘%f;“fl». 1 foundry, Northern, §17 §0@18 50; No. 2 foundry, North: No. 1 foundry, Southern, ern, m’? {;.w;, 0. 1 foundry, Southern, l?h. 8 New York Cotton Market. NEW YORK, Feb. 20.—Gotton futures closed steady, unchanged to 4 points higher. Foreign Markets. LONDON, Feb. 20.—Conséls, 94%; silve: 257-16d; French rentes, 101f 1734c@101f 1 cargoes on paseage, rather easier; cargoes No. 1 Standard California, 30s; cargoes Walla Walla, 29s 8d; English country markets, firm. LIVERPOOL, Feb. 20.—WHEAT—Quiet; No. 1 Standard Californfa, 6s 44@6s 4%4d; wheat in Paris, dull; flour in Paris, dull; French coun- try markets, weak; weather in England, cold and damp. COTTON—Uplands, 4 21-32d. Northern Business. SEATTLE, Feb. 20.—Clearings, $416,431; balances, 146. TACOMA, Feb. 20.—Clearings, $107,573; bal- 'ances, $15,007. PORTLAND, Feb. 20.—Clearings, $436,450; balances, $£54,401. SPOKANE, Feb. 20.—Clearings, $240,080; balances, $28,270. Northern Wheat Market. WASHINGTON, TACOMA, Feb. 20.—Wheat—Unchanged; Bluestem, 65%c; Club, 54%4c. OREGON. PORTLAND, Or., Feb. 20.—The total ship- ments of wheat (flgur included) from this port for the week ended to-day were 528,558 bush- els. Wheat—Walla Walla, 65%c; Bluestem, 86%e. Pl el R B A SR O LOCAL MARKETS. —_— % Exchange and Bullion. Sterling Exchange, 60 da: Sterling Exchange, sight. Sterling Cables New York Excha New York Exchange, Silver, per ounce Mexican dollars, [RERN telegrap ) Wheat and Other Grains. ‘WHEAT — The foreisn markets continued weak, with lower Liverpool and Paris futures. Chicago was dull and a shade lower at the cpening. with a demand moderate and purely local. Some long Wheat came out on stop orders. There were 50 loads taken for export and 50 at New York. The movement in the Argentine was reported slack. In this market both cash d futures were fractionally lower, owing to the rain and the easiness of the Edstern and forelgn markets. ‘mill- Spot Wheat—Shipping, $1 10@1 11%; ing, $1 121@1 15 per CALL BOARD SALES. Informal Session—9:15 o clock—May- cils, $1 13; 2000, $1 13%: 2000, $1 12 000, $1 127%; December—10,000, $1 12!&. Second Session—May—2000 ctls, $1 12%; 2000, $1 12 December—14,000, §1 123, Regular Morning Session—May—4000 ctls,. $1 12%; December—6000, $1 125. Afternoon Session—May—6000 ctls, $1 2000, $1.12%: December—2000, $1 11%; $1 11%; 10,000, $1 1114, 2 BARLEY—The continued rains tend to over- come the strength occasioned by the good con- sumptive and shipping demand and the market is a shade lower, both on and off call. Feed, 85c for choice bright, ¥S%c for No. 1 and 92e for off arades: Leewing and shiging grades, per 97%c@$1; 95c@31 CALL BOARD SALES, Informal Sesslon—9:15 o clock—December-— gmc‘%.. 84%c; 4000, 8ic; 2000, 84%c; May— c. wgfiecand*snnan—u-y—-m ctls, 83%c; 2000, c. Regular Morning Session—May—2000 ctl: Chevalier, 923c; 8000, 923c; 1000, 92%c; 6000, 92c; 924c; December—2000, Bic. Afternoon Session—May—30,000 ctls, 92c. OATS—The market is flat as far as local business is concerned and prices are unchange Grays, $1 2216@1 30; whites, $: 25Q1 42 Surprise, §1 43" Dlack $1 139091 22 for feed and $1 227,@1 323 for s 3 X !127;5 137% per ctl for feed and $1 35@ 431 for seed. CORN—There {s nothing new to report, either here or in the East, all markets being dull and unchanged. Large yeilow, %x 4091 45; small round do, $1 50: white, §$1 perctl. RYE—Quoted at 85@90c per ctl. BUCKWHEAT—Quoted at $1 65 per ctl. Flour and Millstuffs. FLOUR—California Family Extras, $3 509 3 75, usual terms; Bakers’ Extras, $3 40@3 50 Oregon, $2 75@3 25 per barrel for family and $3 G350 tor Bakers’; Washington Bakers, $G MILLSTUFFS—Prices in sacks are as fol- lows, usual discount to the trade: Graham Flour, $3 per 100 lbs; Rye Flour, $2 T: Meal, $2 50; Rice Flour, $7. Corn ' Maa $3 25; extra cream do, $4; Oat Groats, $5; Hominy, $4@4 25; Buckwheat Flour, t 25, Cracked Wheat, 33 50 Farina, $4 30; Whole \Vheat Flour, $3 25;" Rolled Oats (barrels), $6 85@ 8 35; In sacks, $6 50@8; Pearl Barley, $0; Split Peas, $5; Green Peas, $6 50 per 100 Ibs. Hay and Feedstuffs. Dealers are reporting a steady market for Hay, In spite of the continued rains, with a very good export business for Honolulu and tree shipments info Nevada, the latter having taken some 1000 tons from around the bay dur- ing the past ten days. Prices show no change either way. Feedstufs are easy, owing to the rains. BRAN—$§18 19 per ton, MIDDLING! 19 50@21_per FEEDSTUFFS—Rolled _Barle: 1 per ton; Ollcake Meal at the mill, $27@28; jobbing, 28 50920; Cocoanut Cake, §20021: Corn Meal, 31@32; Cracked Corn, $31 50@32 50; Mixed Feed, $17@18 50; Cottonseed Meal, 50, HAY—Wheat. '$10@13; fancy, $13 50;: Wheat and Oat, $10G13; Oat, $9@I1; Alfaifa 3$8@ 11; Clover, $7@9; Volunteer, $650@9; Stock, 50 per ton. TRAW—40@65c per bal Beans and Seeds. All descriptions are before quoted and there are no new features to mention. BEANS—Bayos, $2 35@2 60; Small White, 90@3 20; Large White, 12 5001 " birie 51 poas 20! Blackeye, $3 75@4; Limas, $4 Kidneys, $3 85@4 per ctl. SEEDS—Trieste ~Mustard, $2 7 low Mustard, $3 26@3 50; Flax, §2 25@2 Canary, 3%c 'for Eastern; Alfalfa, from Utah, 9@9%c; Callfornia; 8@8%c; Rape, 1%@2%c; Hemp. '3%¢ per Ib. DRIED PEAS—Nominal, Potatoes, Onions and Vegetables. Recelpts by the Oregon steamer were 11,633 sacks of Potatoes and 867 sacks Onions. Th steamer had not discharged her cargo up to a late hour and no sales were reported. The market in general is quiet and all descrip- tions remain as before quoted. One car of Sweet Potatoes came in. The easy feeling in Onions continues and prices are quoted lower. The Vegetable market was dull and offerings were plentiful. _ All kinds sold at about the same prices. 'Mushrooms were weaker under heavier supplies. The Panama steamer brought up 136 boxes of ~Mexican Tomatoes. These good are plentiful and sell slowly. Although the receipts of Asparagus were less than on the previous day the selling prices were much lower, as retailers were well sup- plied. Forced Asparagus from Sacramento sold at 10@20c per 1b. Rhubarb was in liberal supply and sold readily at the quotations. POTATOES—$1 1061 35 for Burbanks from the river; Salinas Valley Burbanks, $1 50 185; Oregon Burbanks, ~$1 40@1 ' 5; Garnet Chiles, $140G155; River Reds, Burbanks, for seed, $125@1 45; Sweets, $1 50 b 100; Barly . for seed. §150@1 for Merced. ONIONS—Oregons, $2G2 25, first hands; Au-t;:lxhn. $3@3 25; Green Onlons, 50@65c P EGETABLES—Asparagus, 25@40c per 1b; Rhubarg, 10@llc; Green Peas from Los An. geles, i?,se?.sm Beans from Los Angcles, 8gist, inclading WWax: Cabbage 40g50c per ctl; Los Angeles Tomatoes, $150@2 per box and $2@2 50 per crate; Mexican 'romto-h 2 50 per box for repacked; Dried hp_r-n, 14 B R e £ i ra, B Hothouse Cucumbers, $1 o sack; Poultry and Game. No Eastern live Poultry was placed on the market yesterday, and as the receipts of Call- fornia were light all descriptions of chickens, with the exception of Old Roosters and Hens, R T T ey Prices of Dressed Turkeys had a wider as receipts were heavy and considerable stock was recelved. Only gilt edge k brought the top quotation, ¢ Recelpts of Game were 75 sacks. Geese and o T S S s Snd P‘s 2 -Dressed ankwn.l“ H , 50c@$1; Brant, T per dozen; Honkers, $i@4; Enslish Snipe, $; Jack Snipe, $2; Robins, nominal. Butter, Cheese and Eggs. Prices for everything under this head remain unchanged. While the floors are still very slenderly ttocked with Butter, there is rather more on the market than of late. The tone of the market, howevar, is firm. There Is no change in Cheese. Eggs stand about as before. The three cars gent East and the liberal shipments to the Sound this week have kept stock down to a small peint in spite of the large receipts, ana the market is quoted firm. A decline is im- pending, however, in the opinion of most deal- ers. as it is not known whether the Sound will take any more, and it is understood that no more will go East. If this turns out correct, then the market will have to rely on the loc: demand, which is insufficlent to absorb the liberal dally receivts, hence the expectations of decline in the near future. At any rate, the trade do not consider it good policy to ad- Vance prices at this stage of the game. Receipts were 29,600 pounds, 2 tubs and 1 barrel of Butter, 1553 cases of Eggs, 16,100 pounds -of California Cheese, —— pounds of Oregon Cheese and —— pounds of Eastern eese. BUTTER—Ci X @29c per 1b for fancy. 2Tiagise for Arets ok c for sec- onds; dairy, 22§273c; store Butter, 17@19¢c per Pound. CHEESE—New, 113c; old, 10@11c; Young America, 12G13c; Easters, 13@16c per Ib. EGGS—Ranch 21c, and in & small way 22c for selected large and 20c for good to choice; store, 18@20c per dozen. Deciduous and Citrus Fruits. Owing to the rainy weather business was dull in the fruit market. Receipts of Oranges were light and have been so for some time, as the fruit is shipped from the interior to other markets, where better prices are obtained. Only two cars are at haud for to-day’s auction. Fancy Lemons have been scarce, but the steamer which arrived late yesterday from the mltlhem coast brought large supplies of this The Panama steamer brought up 379 cases Mexican Limes. They are selling at an ad- vance. 310 APPLES—$1 50@2 25 per box for extra, to cholce and 50@75c for ordinary. 1 50 for go_od PEARS—From cold storage, 75c@$2 60 per CITRUS FRUITS—Navel Oranges, 75c@$1 25 for standards, $1 50@2 for choice and $2G2 5 {7 faney;, Seedlings, i5cgS1 S0; Tangerines, Mediterrancan Sweets, $1@1 50; Lem- ons, 50c@$1 for common and $1@1 50 for good to choice and $1 75@2 50 for fancy; Grape Frult, $12; Mexican Limes, $G6; Bananas, 256@2 75 per bunch for New Orleans and 1 25@2 25 for Hawalian; Pineapples, $3@4 per dozen. Dried Fruits, Nuts and Raisins. There s nothing new. Prices are firm, stocks are light and the demand is fair, with some improvement developing at New York, as will be seen in the first column. FRUITS—Apricots, 8@9c for Royals and 8% @13c for standard to fancy Moorparks; Evapo- rated Apples, 8@Siic: sundried, 5c; Peaches, 6@8%c; Pears, 6@9c; Plums, pitted, 5@5% unpitted, 1%@2%c; Nectarines, 5@5%¢ for red and 53,@6%c for white; Figs, 3¢ for black and 60@75¢c per box for white. PRUNES—1801 crop are quoted as follows: 5%c; 50-60's, 4% 30-40's, 6@8%c: 40-50's, 4 @i%c; 600 3G LLE: T s, 3 <; 8C- 90's, In@ic: 90-100s, 23%@2%c per o RAISINS—Seeded, 3-crown, 8c; 2-crown, 6% %c; Loose Muscatels, 6%¢ for -4-crown an %o for seedless; 3-crown, 6c; 2-crown, S%c; Seedless Sultanas, 5%c for unbleached and 1@ 83c for bleached.” Clusters—Imperials, $3; De- Bees, 32 50 Fancy, §175; London ' Layers, NUTS—Chestnuts, 11@12c; Walnuts, No. 1 gottshell, 93e; No. 2, 8G8%c; No. 1 hardsherl, 9¢; No. 2, 7c; Almonds, 10%@12c for paper- shell, 9@10c for eoftshell 6@Tc for hard- shell; Peanuts, 5@7c for Eastern: Brazil Nuts, 12@12%c; Filberts, 12@12%c; Pecans, 11@lic: Cocoanuts, $3 . HONEY—Comb, 11@12¢ for bright and 1 aa }lorht"-’:;blemkrt: WG::Z:- :‘Plbtce extracted, 5 ligi T extra ; dark, 4c. BEESWAX—2714G28c per Ib. " & Provisions. There was quite a decline at Chicago vester- day. This market remained dull and un- changed. i CURED MEATS—Bacon, 12c per Ib for heavy, 12%c for lght medium, 13%c for light, 143%c for extra light and 15c for sugar-cured. Eastern sugar-cured Hams, 12%@Lic; - nia Hams, 113%@12%c; Mess Be’?z’w W%‘.Iloll;:r barrel; extra Mess, $10 50@11; Family, $11 12; prime Mess Pork, $15; extra clear, 23, l{e“‘ §18 50@19; Smoked Beef, 13%@lic per LARD—Tierces quoted at 8c per Ib for com- pound and 10%@llc for pure; half barrels, pure, 113c: 10-Ib tins, 11%c; 5-1b tins, 11%c; -Ib tins, 13c. COTTOLENE—One half-barrel, 10%c; three half-barrels, 10c; one tierce, 9%c; two tierces, 9%c; five tierces, 93%c per Ib. Hides, Tallow, Wool and Hops. HIDES AND SKINS—Culls and brands sell about 1l4c under quotations. Heavy salted Steers, 1lc; medium, 10c; lght, 9¢; Cow 9c for heavy and 8%c for light; St: ; Salted Kip, 9c; Salted Veal, 94 Salted Calf, 10c; Dry Hides, 16%c; Culls, 1 Dry Kip, 14c; Dry Calf, 18c; Culls and Brands, 1b6c; Sheepskins, shearlings, 15@30c each; short ool dogtoc cach; mediim, 6567} long ‘Wool, 80c@$1 10 each; Horse Hides, salt, $2 7! @8 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 medium, $1 for small and 50c_for Colts. Deerskins—Summer or red skins, 35c: fall or medlum skins, 30c: winter or_thin skins, 20c. Goatskins—Prime Angoras, 75¢; large and smooth, 50c; medium, 35c. TALLOW—No. 1 rendered, 5%@6c per Ib; No. 2, 434@5c; grease, 23@3c. e ‘WOOL—Fali, San Joaquin, 6@Sc; San_ Joa- quin Lambs’, 734@83c; Middle County, 8@l0c per 1b; Valley Oregon, spring, 15@15%c; do fall, 14@15¢ per Ib, - HOPS—10@11c for fair and 11%@12c per (b for good to choice. Local dealers quote 13@ 17%¢c for shipment. San Francisco Meat Market. All descriptions remain as before quoted. DRESSED MEATS. ‘Wholesale rates from slaughterers to dealers VEAL—Large, 7@8c; small, 8G0¢ per Ib. MUTTON—Wethers,” 74@0c; Ewes, 7c per und. NLAMB—anImn. 9@10c per Ib; Spring Lamb. 12%c per Ib. PORK—Dressed Hogs, 7%@9¢ per Ib. LIVESTOCK MARKET. The following quotations are for livestock delivered at San Francisco, less 50 per cent shrinkage: CATTLEC Stecrs, 8%@0c; Cows and Heiters, 63 @7%c: thin Cows, per Ib. CALVES—4%@5%¢ 5 1b (gross weight). “s(sm:?—v.m;‘-m Y4c; Ewes, 315 per gross w ¥ LAMBS—Sucking Lambs, $2 50@3 head, g: 5%015: per Ib, live welght; yi 4%Q per Ib. HOGS—Live Hogs, 200 1bs and under, 6@ 6%4c; 200 1bs and over, 5% @5%c¢; feeders, 5l4c; sows, 20 per cent off; boars, 30 per cent off, “tal stags, 40 per cent off from the above quo- tations. ' General Merchandise. GRAIN BAGS—Calcutta Graln Bags, Tc: local make, 3c less than Calcuttas; San Quen. tins, §5 56: Wool Bags, 32G85c; Fleece Twine, T%@8c. COAL—Wellington, $9 per ton: Southfleld Wellington, $0; Seattle, $6 50; t, $8 50; Roslyn, $7; Coos Bay, $5 50; Wi 38 50; Co-operative Wallsend, $8 50; Cumberland, $13 in bulk and $13 25 In sacks; nia’ An- Welsh _Anthracite, ing IL—California. Castor Of, 70c; pure, $1 20; Linseed OIl, 76c; raw, Tdc; cases, 5c more; Laicol, bolled and 64¢ for raw, in extra winter strained, Barrels, gheilne; # g AUCTION SALES 2 o o THE GREATEST AUCTION SALE OF THE SEASON. 150 head of the finest work. carriage and saddle Forses ever offered for sale in San Fra: cisco. Second consignment for D. Miller, Mo- doc County. All have been driven. Ages from 5 to 8; weights trom 1050 to 1550 Ibs; solil colors. Many perfectly matched bay and black teams among them. Every horse guaranteec as represented. These will bear the closest in- spection. They will be at this salesyard Sat- urday, February 22. Come and see them. Salo takes place THURSDAY, FEBRUARY 27, 1902, Commencing at 10:00 a. m. sharp. GCCIDENTAL HORSE EXCH ANGE, 721-723 Howard st., near Third, San Franeisco. WILLIAM G. LAYNG, Live Stock Auctioneer. —— Receipts of Produce. FOR THURSDAY, FEBRUARY 20. ‘Ilv:ur‘ qr sks. a'mhsu-uw‘ tons ‘3,3 132,610| Shorts, sks 2 Barle; 122 5 hes o 380| H: 1,301 Chicory, bbi: 82 3| Leather, rolls .. T4 1,130/ Lime, bbls 131| Wine, gal 348/ Sugar, ct! OREGON. 8161 Flour, qr sks... WASHINGTON. 4,330 Flaxseed, sks 207/ Corn Meal, ska. Flour, qr sks. Barley, ctls Beans, sks . STOCK MARKET. A decline In Gas and Electric from $43 50 to $42 123 was the only noteworthy change on the morning session of the Bond Exchange. ‘The ofl stocks were inactive, as usual, There was a sale of Mutual Bank at $75 in the afternoon. The market continued dull. Spring Valley Water was ex-dividend of 42¢ Yyesterday. The Pledmont Oil assessment of 3%c was de- lnquent in office yesterday. A dividend of $1 per share in liquidation will be paid on the 24th by the Merchants’ Ex- change Bank of this city, which retired from the banking business in this city in 1876, The Chicago Crude Oil Company has declared a dividend of 1 per cent, or $10,000, The Homestake Mining Company will pay the usual dividend of 25¢ per share, and an ex- tra one of the same amount on the 25th, the two aggregating $105,000. The Home Ofl dividend of $7500 was paid yesterday; also 60c per share by the California Fruit Canners’ Association and $1 per share by the California Powder Works. A special meeting of the directors of the Se- curity Savings Bank was held on the 19th to fill the vacancy in the board caused by the re- cent death of Winfleld S. Jones, who was aiso the president. The vice president, Willlam Bab- cock, was promoted to the office of president, the secretary, S. L. Abbott Jr., was made vice president and the active manager, and Fred W. Ray, a teller, was chosen secretary, vice Mr. Abbott, promoted. The vacancy in the di- rectory was fllled by the election of Louls F. Monteagle. Secretary Rolf of the Makawell Sugar Com- pany states that of the $400,000 to be issued for improvements, etc. $200,000 will be spent in developing a new 5,000,000-gallon daily water supply, while $100,000 will be used in improv. ing the mills. The balance of $100,000 wil\ be held in the treasury. He states that the la- ‘bor situation in the islands is much improved and that everything is in good shape, STOCK AND BOND EXCHANGE. THURSDAY, Feb. 202 p. m. UNITED STATES BONDS. Bid. Ask. 4s qr coup..112 4s qr reg. Bid. Ask. 11215 ds qr ¢ (new)138% 13014 .112 112%(3s qr coup..108'4109 MISCELLANEOUS BONDS. |Oceantc 5s..101%102 Ombus C 6s.131 |Pac G Im 4s 9535 9714 1075 120 |Pk&C H 6s..106 |Px&o B @117 | Pwl-st R 6s.119% Sac EGR Js. SF & SJV3s. |Sterra Cal 6s. IS P ot Ah 6s (1909 asio) . 8 P of Cal 68 (1905)Sr A.109 | (1905)sr BL109y, | 906 . |_aezy |SP of Cal 1st | ¢ gntd 5s.120 — | Do _stmpd.111%112 S P BrCal6s.130 — 8 V Wat 6s. — 114 Do 4s......102% — Do 4s 3dm.102 — Stkn Gas 6s.103%5 STOCKS. Contra Costa T3% 7434 Port Costa.. 63% Marin Co... 59 — |Spring Val.. 87 GAS AND ELECTRIC. 8222|1111 3 Cent L&P. 2 5 |Pac Light .. 44 — Eqt GL Co. 3 38%|Sac E G&RC — 35 s — ARISF G & E.. 42% 2% .52 —"|San Fran ... 5% 6 Pac G Imp. 36% 37%/Stktin G & B 8 — INSURANCE. Firem's Fnd. — 275 | BANKS. Anglo-Cal LP&A.. 165 189 California. Mer Ex (iq) = 8 F Nationl.1374 — BANKS. Sav & Loan. — 100 Security Sav.305 350 Unlon Trust. — 2200 Mutual Sav.. 75 80 S F Sav U..512% — STREET RAILROADS. California .. — 175 |Market . Geary . — 60 '|Presidio . POWDER. Giant ...... T8% 793/ Vigorit ..... — 5% SUGAR. Hana .. 4 4% Kilauea 10 Hawallan ... 22«0, Makawel 23*:1‘4 Honokaa ... 12 123 Onomea .... 23% 24i4 Hutchinson . 13% — Paauhau ... 12 1213 MISCELLANEOUS. Alaska Pack.16214164 Pac AF A.. — 3% Cal Fruit e Cal Wine A: Er ' i g R N Arizona (1910). R R bs.. Valley 6s. PRODUCERS' OIL EXCHANGE. Morning Session. Board— 100 California-Standard . 2 gg 83uzuz 7z wzm @ g : 18 6000 Independence o8 100 Junction, s 90 20 800 Monarch’ of Arizon 1 400 Monarch of Arizona. 20 2000 Petroleum Center . o7 Stree! ar 380 20 750 500 Best & Beich. 25 0 08 e v B e | 100 Con . w ’.‘."6‘3‘?.‘;,.“" F1e 308 Strees S o e Hill. o0 200 Overman .... 09| 00 Unton Con... Afternocon Session. 200 Andes ....... 08) 100 N s 33 1000 Dest & Beich, 26| 500 e~ Yooy 32 400 Chollar ...... 14| 200 Potosi . 14 200 Con Cal' & V.1 33| 100 Union Con... 24 The following were the sales in the Pacific Stock Exchange yesterday: & 150 Ophitr .....1 500 Overman . 900 Sierra Nev 100 Silver Hill 200 Unlon Con.