The San Francisco Call. Newspaper, November 16, 1902, Page 35

SUMMARY. OF —_— Bank Clearings show a large gain for the week. New York Stock Market higher Local Stock Market tame and uminteresting. | Silver continues to make low records.” : Shipment of $627,111 in Specie Slight advance in Wheat and Ba THE MARKETS. on the day. to the Orient, rley Futures, Oats, Corn and Rye quiet and featureless. Bean prices not yet seriously affected by damaged stock. Bran and Middlings offered lower. Hay unchanged. Butter firm, Cheese scarce and higher and Eggs weakening. Dried Fruits and Raisins firm in Eastern markets. Provisions tame, with some cutting in Hams. Hops advance again under a keen demand. Wool and Hides as previously quoted. Packers trying to buy Hogs cheaper. Other Meats unchanged. Potatoes, Onions and Vegetables show little variation. Poultry and Game markets well cleaned up. All kinds of Citrus Fruits in good supply. The Local Bank Clearings. The local bank clearings during the past week were $85,601,785, against $28,180,139 during the corresponding week last year. The Hop Market. Latest mail reports from New York say: ““Telegraphic advices received from the coast reported firm markets, with the demand fairly active and coming largely from exporters. At close it was stated that @s a result of the Leavy buying that has been experienced for the past week or so prices were again show- ing an advancing tendency. Bids were re- ported made of 26c to growers for choice Yaki- mas, 27c ditto for cheice Sonomas and 25%@ 26c was_the market for choice Oregons. It is figured that the amount of hops, Pacific snd State, engaged thus far for export, is about 20,000 bales, and it is ated that at lesst 40,000 bales will be taken for export for the season. Imports of foreign hops into this country during the present season, it is generally understood, will be equal to about 20,000 bales American. On this basis some well-informed member of the trade figure that the supply of this season's hops for the home trade will amount to about 175,000 bales, and as it is understood that there are practically no reserve stocks to draw from, prices should be firmly meintained on their present basis throughout the season. Should, however, the export movement exceed the estimate ubove mentioned, prices, it is claimed, will have to advance to a still higher basis. The mar- ket for Btate hops continued strong, and it was learned that the principal English export buyer made purchases in the local market on both ¥riday and Saturday, paying 3ic for choice grdes. Advices from up the State re- nor(ded 55¢ freely bid to growers for desirable rades.” New York Dried Fruit Market. Mail edvices from New York say: “An active demand prevails for the lead- ing descriptions and on the more important ar- ticles the market closes with firmness shown. Epot prunes, large sizes, show an active move- ment, and are quoted at from Tc to 73%e for 40-50s end 6c for 50-60s in 25-1b boxes. Bids of a shafle under these figures are reported turned down. On 60-70s, 70-80s and $0-90s a steady tone prevalls, with, however, -supylies more liberal. Jobbers are reported buying in the open market to fill orders made for uture and which, owing to coast delay n , are mot lable. Oregon prunes to arrive are meeting more demand es of small lots of 30-40s in 25-1b heard of up to Tic. Coast advices on report a somewhat firmer tone for | The first carload arrived ias, large sizes, are very easier on the four sizes in Ge fruit. Raisins spot seeded continue to a good jobbing interest and coast pack 1b cartons is held at from S%c to with Eastern pack available at 8%c to $%c as to holder. Supplies from the coast are cnly moderate, and go into jobbers’ hands on arrival here. Advices from near by | in effect that demand for seeded Loose is steady, but the de- London layere are stronger grade in some quarters. Sales of ere heard of at %1 60. On clusters side. Imported raisins are @ and meet a jobbing outlet. epot s stead:r at 4%c for un- s in barrels. Greek markets Cleaned currants are in with quotations holding. In fair jobbing busivess is noted and v Sales in a jobbing way are at T%c for choice in 25-Ib boxes. sre more liberal. Peaches are firm moderate demand. We mnote a con- ess in figs with 1%-inch repcrted Most holders quote 1lc in- Beg figs are steady at 06ie.” Stocks of Hay. T Francisco Hay Exchange has is- 4 its regular annual statement of the stock Hay availeble for the San Francisco mar- svember 1. as follows: mc markets are Tons. CITIES, | 1901 | 190z. | storm of some energy overlies Vancouver 1aiand and Washington: T Will probably move castward over Washington and British Co- lumbia. Rain hgs fallen generally through Oregon and Washington and conditions ~are favorable for rain on the coast about as far south as San Francisco. There has been but littie change in temper- ature west of the Rocky Mountain: Forecast made at San_Francisco for thirty hours ending midnight. November 16: Northern California — Cloudy, unsettled weather Sunday north of San Francisco; fair south of San Francisco; rain on the northern coast; fresh southerly winds. Southern California—Fair Sunday; northerly winds. Nevada—Fair Sunday. San Francisco and vicinity—Cloudy Sunday; fresh southerly winds. ALEXANDER G. MCcADIE, Forecast Officlal, e —— % EASTERN MARKETS. light New York Stock Market. NEW YORK, Nov. 15.—There was still much nervousness and misgiving reflected in the stock market to-day and there were erratic fluctuations up and down throughout the ses- sion. The market closed firm, however, and at a net advance of 10 to 12 points over last night for the principal stocks. The bank state- ment seemed the deciding factor in driving the bears to cover. The loss on cash for the week was rather iess than expected, but the loan contraction was smaller than was hoped for in view of the heavy liquidation in the stock market during the week. The market reacted sharply immediately after the publication of the statement. But it was argued that the heaviest liguidation which occurred in yester- day's stock market would only figure for one day In the week's averages of the banks, so that the statement probably understated the strength of the banks. The turn of the flow of from that gource. The extent of the recent de- cline and the length of time limit has made an upward reaction seem logical to professional traders skilled in the reading of symptoms of speculative markets. Bankers were quite unan- imous in denying any occasion for alarming ru- mors of financial unsoundness in that portion of the financial world and their assurances had a relieving effect upon sentiment. It is pointed out that prices have fallen all the way from one to thirty points for the prinicpal active stocks from the high level of the year. It is also a fact that the low level of Friday, al- though many stocks reached the lowest prices of the year, there were meany of the specula- tive favorites and those among the stocks which have suffered more severely from liquid- ation that were still from 19 to 20 points above the Jow level of the early part of the year. In the liquidation of this week seilers of otk mest i RvS’ Moisd. o thelr Own con viction that there was no prospect of disposing of their large holdings at a profit while there was the danger that conditions might develop which would necessitate still greater sacrifices in_order to dispose of them. The conviction cained ground that prices had been pushed too high even to discount the many favorable fu- San Prancisco Be & Weather Report. (120th Meridian—Pacific Time.) AN FRANCISCO, Nov. 15, 5 p.'m. The following arc the seasonal rainfalls to te as compared with those of same date Jast on, and rainfalls in last twenu-!our ‘hours: Stations— Eureke .. Red Biuff . Eacramento ® i S :3' ’5 PRy Ee AT Srmmmiston 238338382 M | American securittes. ture developments expected. The high level of | prices was generally perceived to be due to large buying by powerful speculative combina- z ch did nct represent investment de- anent holdings. Besides buying | the Lu‘x" holdings the speculative heiders had ery device of manipulation to lift el of thelr securities in the mar- ¢ that borrowed money urces by which these enor- | racus Vlocks of stock were<held on margin. Tha tion_ was thus one of a threatening weight anging the market and lable to be pre- | cipitated upon values at any time. The mai et values of securities were thus distrusted as unstable basi¢ for credits. This distrust been particularly manifest on the part of e for mers. The demand for American se- curities in forcign markets has fallen to a | negligent quantity. Foreigners have loaned | money freely to American bankers, Which has been employed by syndicates in the flotation, of many new securities, but they have looked'to old_and tried securities as collateral for their ioa ve shown no disposition to em- N oney in direct investments in new Considering the large amount of idle capitd]l abroad, particularly in' France, the diminished trade balance in favor of thi¥' country and the large sums duc for- | eclgners by American borrowers, this refusal of our sccurities is notable. The root of this lies t of the basie of our credits. The re- been that when underwriting syndi- dertake to distribute thelr new secur find little dieposition among foreig: ers to teke them, with a resulting necessity of finding other means to liquidate their Ameri- can holdings. It §s a fact that the market for new securities also has become slow. This means that the large syndicate resources em- | barked in the new flotations are not in a very | iquid state. and the capital involved is to a | certain extent locked up or The neces- ity for a formation of a syndicaté to take over | from the newer trust companies its holdings of securiiies of one of the recent industrial com- | binations which was revealed last Saturday after the week's business on the Stock Ex- change had closed was taken much to heart 25 a probable symptom of a general change. } The cnormous new capital issues of the last | year or two, including issues of bonds secured by collateral of railroad stocks bought for eon- trol at record prices, makes financial sentiment sensitive regarding ‘these issues. ~The feeling crystallized ghis week that liquidation already being delay€d was inevitable, and it was ac- complished with some~degree of precipitation and no doubt at considerable ices. That the fabric of credits as well as _the values upon which they a has Dbeen much jmproved in heaith as a result of thi weck's events is the universal sentiment in the financial district. A noticeable feature of m present situation is the entire disappearance of | rumors of new corporations und abs ion and uneasiness on the part of the controlling inter- est lest their control should be wrests from them overnight. ‘This is in striking contrast 1o the order of things when ¢ m&m;e- urities Company was formed. and sweln When ntrol of Louisville and Nashville passcd oo an_epicode in a speculative campaign in flu #tock market. It is a matter of course, with enough selling of stock there must be enormous buylng, but coocentrated dealings in auy one nger arouses the suspicion ti some one is Tor control.” The reason 16 the currency from the interior to New York | arcused hopes of relief of the money situation | that capital outlay in the new aouuom has ‘become over-extended and the market has be- come slow. The underwriters and supporters have sufficient to do to protect these new forced to let go some large holdings of high- grade stocks to accomplish this; holdings which. :ud Dbeen accumulated in some cases to at- empt _controlling influence in the properties. This relleves the insiders from the necessity they have been under to hold prics at a high level to discourage buying for control. There is rather an inducement to connive deolines in prices in order to help force out rival holders ‘Who are now under pressure to liquidate. Each day in Wall street sees a new crop of fumors of ‘a “gunning” campaign against one or giher group long of certain stocks. Form: certainties continue to hover over the mar- ht including the possible gold exports and the gmhlhle delay of the period for the return ow of currency from the interior, and have helped to keep the market nervous and un- settled. Bonds have been under pressure, but have not been so freely sold as stocks. United States threes and fives declined 3, i:§‘ new fours 33, the old fours % and the twos L T cent as compared with last week's closing NEW YORK STOCK LIST. High. Low. Close. 81 % o8 Sy Bou 00 it o3k 5% Canadian, Facihe.. 14,500 120% 127 12034 Canada Southern. . Res SO e Chesapeake & Ohio 45~ 43dy 447 Chicago & Alton.. 3113 821y Chic & Alton pfd.. 89 89 Chic, Ind & Louis, 8 , Ind & L pfd Chic' & Eastern Ill. West 3, F B EU @ w |che Term & Trane ooy % 88 K5 gy E 2 |Chic Ter & Tr pfd 1,200 33 H EE g5 o4 §5 b |SRSTaape M B85 Bk B g & g E2 25 £ |Colorado Southern. 3,400 25% 27 2833 STATIONS. § 25 2353 £~ £ |Colo South st ptd 200 s 8% g & 3 Z | Colo South 2a pta : g g : § |Dela & Hudson.. : B AR S 3 Dela, Lack & W : : : 3 2 : Denver & R G.... Denver & R G pfd Astorla 20.78 56 44 .SW Erfe aker 30.12 38 32 S Erle st bid Eureka 3012 54 22 E Erle 2d pi Fresno . 08 60 50 SE Great Northern ptd Flagstaff . 12 62 42 E Hocking Valley Los Angeles 12 58 36 E Hocking Valley ptd Phoenix .00 74 48 W Illinois Central Portland . B4 T2 46 W .00 | Iowa Central.. Red Blufr 84 56 48 SE 00 | Towa Central p(d Roseburg 80.14 56 48 Calm .00 | K C Southern. . Sacramento .,20.9¢ 60 48 S 00| K C South pfd Salt Lake ....30.10 64 42 E -00 | Lake Erle & West San Francisco.30.26 42 32 00 | Lake Erie & W ptd Salinas .. 30.14 60 50 .00‘ Louis & Nashville 8 L Obispo. 30.04 68 52 .00 | Manhattan L...... San Diego 20.96 68 50 00 | Metroponun St Ry Beattle . 29.76 52 42 -38 | Mexican Central .. S!mklne 0.00 46 38 Tr. | Mexican National Neah Bay 20.64 50 46 | Minn & St Louls }A’:I‘l:n\l\' 29 113: 2; g 1€ Missouri Pacific Winnemucca .20.96 72 46 e 00 e e e WEATH. CONDITIONS AND GENERAL FORECAST. Norffllk & Wutern Norfolk & W Ontario & Western Pennsylvania prd. Reading . Reading 1 Reading 24 pld. Rock Island. . 14, Rock Island pfd... 3, St L & San Fran 1 StL&sT ist pta L & S F 2d ptd £t Louis Southwest 1, S8t L Southwes pfd 1, St Paul ... 70, St Paul pfd pfd Texas & Pacific. Toledo, St L & W T, St L & W pfd, Union Pacific...... Union Pacific pfd.. Wabash ... Wabash pfd. Wheel & Lake Erle W &L E 24 pfd.. Wisconsin Central, 1,100 ‘Wizconsin Cen ptd 400 Express Companies— Adams ... " $38355858.5588888 gagssss Wells Fargo... Miscellaneous— Amalgam Copper.. 17,600 Am Car & 1,300 Am Lin Oil pfd. American Loco Amer Loco ptd Am Smelt & Ref Am Smelt & R ptd 200 Anaconda Min Co. 100 Brookiyn Rap Tran Colo Fuel & I Consolidated Gas. Con Tobacco pfd General Electric. Hocking Coal.. Internation’l Paper 100 Inter Paper pfd... 200 Internation'l Power . 400 Naticnal Biscuit. Naticnal Lead. Pacific Mail. Pecple's Gas Pullman Pal Republic Steel. Republic Steel Sugar .. Tenn Coal & Iron Union Bag & P Co. Un B & P Co p | U'S Leather. { U 8 Leather U S Rubber. U U s U 8 Steel pfd. ‘Western Union Total sales. ...666,900 NEW YORK CLOSING BONDS. 108%|L & N Uni 4 0843 Mexican Cent 43 lgé U 108 Mex Cent 1t inc. 23 Us Minn & St 1 | U S new 4s reg.. 136 o, K & T 4s... 997 U S new 4s coup.156 (Mo K & T 2de Z U 8 old 4s rog.. 110 |N ¥ Cent iats U S old 4s coup..110 |N ¥ C gen 314 T 8 bs res. (104 N J C gen Us 104 |N Pacific 48 Atchison gen i 101N Pacific 3 | Atchison adj 4s.. 91 IN & Balt & Ohio 4s B & O 31, :fl% 5. Unlun Pac fl.. e 104 105%}U P conv 4s. .. i % Bicie Seiar et aa, i Erle gen 4s.. F W & D C lsts. 11214 | Hocking Val 4%s.107% ¢ NEW YORK MINING STOCKS. Adams Con........ 15Little Chief. .10 25(Onta 725 10 .05 | 06/Sierra Nevada..... 13 1 nggmllfll. Hopes. . 80 A tandard o Leaavilie Coi @l g o BOSTON STOCKS AND BONDS. Money— Call loans Union Mexican Centnl.. 22;! Ml;cell-nseoup—- 115% Quincy Ar Bugar i s LONDON CLOSING Cons for money.98 5-10f Nm‘ln Cons for acct -16| Anacond: otd. . Sntasto & Basi’: Pennsylvania Chgo Ch‘o,fl&it?l"l la ventures, and there are signs that they were | Dul & l\{o Gr... 40% Unlm Pu!fle-.... m&nmpm.uzunm cific pfd. 65 48| Wabash Tinols Deniral. 143 | Webeh .u lmhvl & Naanviize, |Spanish e ens & Tox. 20%| Da Beers:. Mo Comar 0a Bar silver, Money, 2 The rate of discount in the open market for short bills is 3% per mt. and for three months' bills 3% per cent. Associated Banks’ Statement. NEW YORK, Nov. 15.—The weekly state- ment of averageés of the Assoclated Banks shows: Loans, $870,474,400; decrease, -$5,- 056,400. Deposit: Circulation, juet, 22%d per ounce. %e per cent. $878,210,400; decrease, $7,- inerease, $44,606,100; 052, “Surplus, “ms“um &owtm. crease, ‘819 The Financler says: The official statement of the New York As- jated Banks last week showed a loss of 1,430,700 Jn cash, of which $1,174,100 con- sisted of specle and §265,600 of legal tenders. The. traceable movement of money during the week, however, Indicated an estimated loss of $2, 647,800 in: cash, or $1,208,100 larger than that shown by the official statement. One feature of.the interbank changes which ia quite encoura, and which may account for the above noted discrepancies is that the returns of money from the Central South were more than sufficlent to offset the transfers through the Treasury to New Orleans. It is noteworthy that the lou of $4,483,400 by the banks to the - Sub-* ry last week was the greatest for . a1y week since September 18; this was largels due to customs and Internal revenue collections and these are expected to continue heavy in the near future. The loans of the banks were reduced $5,006,400. reflecting the _liquidation which' was in progress on the Stgek Exchange for the greater part of the week The deposits ‘were; decrcased §$7,662,800, or a larger amount | by $4,162,700 than was called for by the total J of the loss of cash and for the reduction in loans; hence the statement was out of harmeny. The required reserve was reduced by $1,715,- 700; deducting from this amount the loks of cash leaves $476,000 as the increase of surplus reserve. This item now etands at $18,328,850, against $10,503,825 at the corresponding date last year. Computed on the basis of deposits less those of the Government, which were last ‘week reported at $40,259,700, the surplus reserve was §28,303,275. The citculation continues to increase, and the amount of gain reported last week was $804,800. One noticeable feature was the large amount of bank ciearings for the week, probably due to the shifting of loans and other changes Incident to the business in stocks on the exchange. The total of the clear- ings reported for the week was. $1,847,727,867, or $350,000,000 greater than for the previous week; the dally average was $291,000,000. The clearings Saturday reflecting Friday's busigess, when the liquidation on the exchange was enormous, were 3 changes in the item of loans show that of the larger banks eight made a net reduction of $3,300,000, indicating that the contraction of this item was quite uniformiy distributed. One of the 00'0“‘!" banks increased specie by Exports and Imports. NEW YORK, Nov. 15—Total exports of specle from the port of New York to all coun- tries this week were $516,078 silver, Total imports of specle at the port of New York for this week were $2406 silver and $35,- 354 gold. Total imports of dry goods and merchandise at the port of New York for the week are valued at $12,032,64¢ B —y New York Grain and Produce. l LS & i NEW YORK, Nov. 15.—FLOUR—Receipts; 25,900 barrels; exports, 4400 barrels, Market was quiet but firm. Winter patents, $3 60@ 3 90; winter straights, $3 45@3 55; Minnesota patents, $3 90@4 10; winter extras, $2 80@3 10; Minnesota bakers, $3 20@3 55; winter low grades, $2 60@2 90. WHEAT—Receipts, 100,425; exports, 1?5000 Spot. firm; No. 2 red, T7%ec elevator;, No. 2 Ted, 77c t, 0. b, afloat; No, 1 Northern Duluth, §2c f, o, b, afioat; No. 1 hard Manitoba, 83c . 0. b. afloat. Firmness prevailed in wheat cir- | cles during the forenoon on stipport furnished by Chicago parties together with lighter North- west receipts and prospects for small world's shipments Monday. The clgse %c met advance. May, 18 15-16679 79%c; December, T8%@79%ec, closed HOPS—Firm; State, common to choles, 1902, m@asc 1901, 24@280, olds, T@12%c. Pacific Coast, '1902 crop, 26@32¢; olds, 7@12c. mm:s—qmez Californta, 18c. WOOL—Steady; domestic fleece, OFFBE—Spot’ Rio, steady; No, 7 involce, 7 11-16¢; mild, steady Cordo; 73,@12c. Fu- e cloeed net unchanged. Total sales, 3100 nclulingl’ Decernber, 4, January, 416c. March, ; May, 5.1 tember, SUGAR— W flrm fair refining, 3 11-16¢; centrflll‘l-l. 7-16¢c; molasses sugar, 2 5-16c; refln dull No. 6, 4.05¢; No. 7, S8 No. 10, o 11, ‘8.80c; No, 12, be; 3.650: Contectioners A, 480-: o loaf, 5.05c; crushed, 100. mol Dc pawdeua 4.53¢c; granuiated, 4:55¢; cubes, DRIED FRUITS, EVAPORATED APPLES—Continlle weak at 5%c for commol @8%c for prime, 6@6%¢c for choice and evn/gc for fancy, SPOT PRUNES—Continue firm under a good demand for all sizes, the larger rather scarce. Quotations range from 33%@734c for all grades, APRICOTS—Met with a steady demand and are ;:tmt firm at 7%@12c for boxes and T@10c for 8. PEACHEB—-RHIO quiet but steady at 12@ 17%¢ for peeled and 62@10c for unpeeled, R L S PR e o | | Foreign Futures. * % LIVERPOOL. Whiznt— BDIT)CQ h;&n.‘h. May. ning 11 o Closing: . sioy S Siig PARIS. Wheat— * Nov. Mar. -, 2 Opening Laoo R Closing . 3 L2090 2145 O 30 75 ning p Closing . 80 75 323 & * & 3 Chicago Grain and Produce. * N CHICAGO, Nov. 15.—There was & lull to-day in,_the wheat pit and while there was a small aip soon after the opening the market quickly recovered the slight loss and higher prices ruled the remainder of the day. Decreased receipts, both local and In the Northwest, u: tavorable weather and a good cash. dem: were the sustalning factors. The local crowd was wary In the dealings, being influenced greatly by what they supposed would be the action of a prominent bull operator who’ been taking on considerable May recenf The cloge was stéady and near the top. cember opened a t:’h-_ae% lower at 72%¢, ad- vance: radually ¢ and clos 3 ! nigher o i2de. sed 1@ He Corn was comparatively quiet. Shorts were sgain buyers. , December closéd %c higher at S8, Oats’ were dull and featureless. T) s steady, with December 14¢ m:fuf at Lecreased recelpts of Hogs at the vui it) hlaher Drices caused a firih tore to penuether £ Ll De- se was steady, with J a2 ‘g_y.fr,“ lard 1%c hisher and ribs unchanged " he leading futures ranged as toliows: Articles— Open. High. Low, f Wrne;:rm; s # 72' Close. T B2y 53% 52: a2 Pt By 2 2 alk g Bx Tazg 15 1% 15 124 15 15 n % 14 40 10 © 1m0 95715 9 3 % 9 (7",. 9 00 9 056 Dlr 00 vougz e 7 o tetd 1 u* Tae Comparisons of | mrht firm; creameries, 17 3 mmmagmnfi. Eastern Livestock Market. - .GO. CHICAGO, Nov. 15 —CATTLE—Receipts, 800; nominal; good to prime steers, $6@6 65; poor to medium, $3@5 75; stockers and feed- ers, $2@4 60; cows, $1 40@4 40; helfers, 820 4 75; canne 40@2 40; bulls, $2@4 50; Caives, 35 s&';t %m. Ted steers, 33@4; West: ern IuQI'I xofls——necelpu to-a-v, 13,000; to-morrow, 15,000; left over, 5000; steady to nwn(. mixed and butchers, éneouo good _to’ Sholce heavy, $6 30G6 50; rough heavy, $§5 20; HEht, 'S5 95@0 80; bulkc of snies. §6 1506 30, SHEEP—Receipts, 5000; sheep and lunbl steady; good to choice Wethers, 634008 fair “fo ~ cholce mixed, $2 50@3 40 s%vd‘;“;? G; native lambs, $3 ‘estérn lambs, $3 75@4 75. ST. JOSEPH. ST, JOSEPH, Mo, Nov. 15,—CATTLE—Re- cefpts, 1100; steady; stock cattle lower; natives, | $3 85@7 15; cows and heifers, $1 50@5 25; vnu $2 50@6 85; stockers and 20 HOGS-—Recelpu 3800; shade higher; and light mixed 36 35@6 42%; -medium satz»—a%’wm-, 300; steady; native lambs, $5 205; yearlings, $4; ewes, $3 35, New York Metal Market., NEW YORK, Nov. 15.—In nearly every instance prices were unchanged from yester- day and the business in the metal market was of the usual Saturday average. Cepplr ruled weak under ~_excessive offerings. andard closed at $10 75, lake at $11 50@11 10 aleetro- lytic at $11.30@11 50 and casting at $11 30@ N et cied, e witss Sk gmidalt mk $5 3065 40; for spot, “inquiry light. Irom steady to firm at_unchanged prices. New York Cotton Market. NEW YORK, Nov. 15.—The cotton market steady at unchanged prices to an advance of two points. Later the market took a level six to eight points above the closing prices of the previous day. - After the opening ad- vance noted, there was a recession of two to six points tunder reports of weakness in the stock market. Northern Business. sheep, $2 75@3 T We ght and SEATTLE, Nov. 15.—Clearings, $679,101; balances, $8i,152. TACOMA, Nov. 15.—Clearings, $327,527; bal- ances, $27, PohTLAND Nov. 15.—Clearings, §517,602; balances, $97,602. NE, Nov. 15.—Clearings, $356,611; balances, $40,722. -Northern Wheat Market. OREGON. PORTLAND, Nov. 15.—WHEAT—Quiet, firm; Walla Walla, 68@70c; Blue stem, 72%@ T4c; Valley, T0c. WASHINGTON. TACOMA, Nov. 15.—WHEAT—Steady; Blue stem, 74c; Club, 69c. Foreign Markels. LONDON, Nov. 15.—Consols, 93 7-16; silver, 22%d; French rentes, 99f 77%c; cargoes on passage very inactive; English country mar- kets, part cheaper; Indian shipments wheat io United Kingdom, 76,000, OL, 'Nov. 15.—Wheat, firm; Nd. 1| standaca Celifornia, ‘6s 5%4dQos bd; wheat in Paris, steady; flour in Paris, steady; French country markeu. quiet, decline 50c; weather in England, COTTON—UDllndl, 4.404. . < LOCAL MARKETS. —_— % Exchange and Bullion. The Gaellc took out a treasure list of $627,- 111, consisting of $509,208 in Mexican dollars, $1815 in sold coin and $71,000 in siiver bullion for Hongkong and $45,000 in silver bullion for Bombay. Sllver continuer to decline, making a new low record every day or so. Exchange runs along about the same. Siteting Suclidnme. o1 dabe 84 Sterling Exchange, si 4 87 Sterling Cables 485 New York Exch: t - ar New York Exchange, telegraphic — 3 Silyer, per ounce. 49 Mexican Doliars, nominal Wheat and Other Grains. WHEAT—Firmness and scarcity stfll char- acterize the local market for cash Wheat, with the exporters still eager searchers in the in- terior for cargoes, and the milers active buy- ers. Futures are also higher. o.The Chicago’ letter of Bolton, De Ruyter & ‘0, says: “Market here was on the whole rather dull, nd tone was firm and there was no great ctivity. The buying is still largely profes- sional and to a great extent local. The North- west continues bullish and says the farmers’ deliveries have falien off materially. The lat- ter is no doubt true, but it is a question wheth- er the shrinkage will show in the primary re- celpts for some time to come. Northwest stocks increase for week about 1,250,600, and a considerable Increase in the visible is expected on Monday. Tone of foreign markets shows little if any improvement. The demand for Flour in Minneapolis is not so gocd, but mills all over the country are well employed and are free buyers of wheat. December liquidation is just ahead and the premiums to be paid by buyers of wheat are increasing. The probable course of the market is by no means clear.” CASH WHEAT. No. 1, §1 35@L 38%; Milling, $1 40@1 42% per etl. " FUTURES. Session 9 to 11:50 a. wr December .....81 B 81 B3 3B S0 May R '1 .xs% BARLEY-—The market Is rather firm than otherwise, with a slight improvement In fu- tures, and holders of cash grain stiff, though the demand is not sharp. CASH BARLEY. Feed, $1 1501 18%: Brewing and shirying grades, $1 2216@1 25; Chevaller, $1 5@l 60 for fair to choice. FUTURES. Session 9 to ll l m December ..n m n w,s u 189. sl 191,9 May . OATEFirmly held bul lnnctlve lml un- changed. White, $1 20@1 30; Black, $1 104 1 20 for feed and $1 2733@1 35 for seed; Red, g 12%@1 2235 for common to choice and $1 23 |- 1 80 for fancy. CORN—There s nothing new to report. Of- ferings are light and holders firm. No conces- sions are being made, The Chicago letter of Bolton, De Ruyter & Co. says: '‘Market here was extremely dull. The weather throughout the West is stili threatening, though the rainfall is not veey great. The December deal was without feature to-day. The location of the concentrated hold- ings, if any, is still in question. There is a good cash demand for corn and nothing in the ruling prices, either in the contract or off grades, to_encourage the short seller. The ais- Count on May corn will have to take a great slump to overcome this discount. The short interest In May corn is extremely large. We would rather buy it than sell it.” n rnia, Larke Pelicw e & *emall Yellow, sl nmna do, n 50; White,” $1 Rg:nm o, $125G1 40 for White and u 1001‘ oz Prows BEw OGN aY rl l per ctl. Flour and Millstuffs. FLOUR—California Family Extres, $i@4 25, usual terms: Bakers' Extras, $3 00@4; Ore- gon and Washington, $3 25 per bbl for Fam- {ly and §3 40@3 65 for Bakers'. MILLSTUFFS—Prices In sacks are as fol- Jows: Graham Flour, $3 per 100 lbs; Rye Flour, 28 ‘;‘" u‘ 'cx‘t'r'l :“r-n" ngg Ffi” eal, o 3 25 Hominy, e 5545«{9415; &‘flmu gu- jour, 3 gy hole o'A spl t #n-. m-.. u’g rics. !0 PMH Blrl %re:n Peas, $5 ve Hay and Feedstuffs. Bran and middlings continue easy, with of- terings moderate but holders offering at con- cessions from previous price: There is noth- ing new in hay. The statement of the stock of lny h‘ nry to San mnel;eo Novembof 1 will be fou he first column, PN ton. DA lied Bar) . per th: “Ciide & _Seal dt the t job- bing. $26 : dorn Meal, fl Mixed HAY—Wheat, c"‘oi ith sties n 5; Wheat and o-t e figfi"w s S i e smw—-tu- 60c per bale. Beans and Seeds. Thus far the damaged beans mn not af- reducing “Cn the Produce Exchange to-day the Butter! fected sound stock to the point of prices, though have rendered the w-mudqulm Ocings o mustant sesd ums—:'% g T5@2 85 : thllfi ‘5 1o e lduun. £ ; Blackeye, 3 Mustard, $3 25; Yellow Mus- Al!dh.ul o 'nmomy. e: Hem) DRIE] P’IAB-NII-. Blackeye, Potatoes, Onions and Vegetables. Choice Salinas and Oregon Burbanks were ip light supply and met with quick sale at full figures. Fancy stock from the river sold well, but inferior offerings were neglected. There was no change in the onlon situation. Tomatoes continued to arrive freely and - large portion of the offerings were wet and dy. A few fancy sold in a small way for r box, t‘me ‘quotations v “t' e eral run of offerings. The canne: market and ucundnomusflembvx The ON! oNs—-(oawc ctl. VEGETABLES—Grun Peas, 5@6c per ib; String Beans, 57T7c, incinding Wax; Lima, 4@5c; Cabbage, 66@75c per ctl; Tomatoes, loo Ib; Faultry and Game. Receipts of dressed turkeys were moderate and fancy offerings sold readily at full figures. There was some very poor stock recelved, which sold as low as 16c per Ib. There was | ot much live pouitry offering” and the market cleaned up at unchanged prices. Game was in falr request and everything cleaned up well. S‘Dfll. Teal, Widgeon and ‘were lower, offerings being large. Receipts were 170 sacks. POULTRY—Dressed Turkeys, 18§20¢ per Ib; Jive Turkeys, old, 14@l6c fm' Gobblers and ‘14@16c for Hens; ir, $1 50@1 75; Goslings, $1 50@1 75; Ducks, $3@4 for old and $3G% 50 'tor_ souns; ‘Hens, $4 50; young oosters, $5@5 50; old Romer-. ryers, $4@0; Broilers, 50 for large and )3 50 for small @1 25 per @ dozen for old and E—Doves, $1 per dozen; Hare, $1 25@ 180 per dozen; Cottontail Rabbits, $1 5091 75; Brusgh Rabbit Malard Ducks. $1@6: Can- Vasback 3907 Spriu, $504 00; Teal, 322 30: ‘Widgeon, $2@3 25; small Ducks, fi Gray Geese, $3G4;: White Geese, $1 Brant, $2 50@3 for large and $1 50 for small; Houkers, $4@6; Englisn Suipe, $1 50g2; com- mon, $1 25@1 50. Butter, Chee:e and Eggs. Butter closed the week firm at the advance of the preceding day, with light stocks and an improved inquiry for the medium and lawer grades, owing to the high prices for which make the public shy gf buying e tax ter. Cheese has agaln advanced and is very firm, Stocks are very slender. The weakness in Eggs continues, and it is | the general expectation that the coming week will see lower prices. The famine in fine ranch is apparently over, and all dealers now have from several to a Jozen or two cases on their floors, whereas last week at this time they did not have ome. With warm, pleasant weather supplies are expected to increase materfally. Receipts_were 27,500 1bs Butter, 308 cases Eggs and 7000 'bs Cheese. UTTER-Cresmery, 33g34o per b for tan- oy, 3l for firsts and or_seconds; dairy, B5G50c; store Buttar, Al St s e, c. CHEESE_New, | 14401%: oid, nantsal; Young America, = 15@13%ec; Eastern, 154G i6%e; Western, 15@16c per Ib. GGS—Ranch, 50@bSc for fancy and 407 47%o for lower and medium grades; store, nominal; cold storage, 22927c; Western Eggs, 22@2T%e. Deciduous and Citrus Fruits. Except for a few hours In the morning the fruit market was unusually dull for Saturday. Receipts, however, were light and all perish- able goods were well cleaned up at the close. Berries were offering freely, but continued to bring good prices. Grapes stood about the same, supplles being su: uire- ments. There was a s e eating Pears, but supplies were light. All descriptions of Citrus fruits were in free supply and moderately active, at previous prices. There was a steady feeling in Ban< angg, supplies of ripe stock being lght: © CRANBERRIES—Cape Cod, for choice and $8@10 for common; Wisconsin, nominal at $9G9 50 per bbi; Coos Bay, — per RASPBERRI ‘hest. STRAWBERRIES - 10G10c per drawer for Longworths and $4@5 per chest for Malindas. HUCKLEBERRIES—7@8c per Ib. QUINCES—30@60c per box. PLUMS AND PRuNEs—m per box for Plums and 75c APPL z box foe common. 50c@ 31"%or chotce and $1 35@1 80 for fancy: fancy Oregon, $1 7 PERSIMMONS—T75c@$1 PEARS—Winter N-nu, 16125 per tox; other Winter Pears, POMEGRANATEs—ch for small boxes and — for large. GRAPES—Table Grapes $125 per crate for Isabeila, 63@i5c for Cornichon and 35@75c per box or crate for other descriptions. Grapes in large open boxes, 15c@$1 25, with sqme fancy Muscat at $1 50. CITRUS FRUITS—Oranges, new, $3 50@4 | p. per box for large and $2 50@3 for small Na- vels; Seedlings, §1 T: 25; ‘Tangerines, $1 50 | per ‘smail box: Temons, $1@1 25 for. comman, | $1 5061 75 for choice and §2 50G3 for fancy] | unpe Fruit, $2 3 50; Mexican Limes, $i @4 Blnlnzl, $1 i5@2 W r bunch for New Glicaris and 31 20G2 10 Hawantan; Pineapples, Dried Fruits, Nuts and Raisins. The condition of the Eastern markets ap- pears in the first column. There is no change in the local situation. FRUITS—Apricots, 5@8c for Royals and 8%@13c for Moorparks; Evaporated Apples, 43,@Tc; sun dried. 4@4%c; Peaches, 4%@7%e; Pears, 3%@4%c for quarters and 5@d%c for | halves; Nectarines, 4%@5%c for white; Plums, | b@éc for pitted and 1@l'%e for unplltcd, Figs, 2@4c for black and 4@5c for white, PRUNES—1902 crop, 2%u2%e for the four sizes, with }{3@lc premiam for the large size: RAISINS—1902 crop are quoted as follo 2.crown loose Muscatels, 50-1b 54¢ pe ib; 3-crown, 5%¢; 4-crown, 6ec; Seedless loose Seedless Sul&lllll. S¢c; Seed! on Muscatels, o g Thompsons, Gi4c; 2-crown e 1b boxes, 51 40 por box; 3-crown, $i 50; berown fancy clusters, 20-ib Doxes, §2; 5-crown Dehesas, 20-1b baxu‘ $2 50; I-cro-m Lmpe- | rials, 20-1b boxes $3; Seeded, f. o. b. Fresno, fancy, 16 oz.. 8%c; 12 vz., Bige; lmlln uin. choice, 16 oz., 6%¢; 12 oz, Slc; NUTS—Wainuts, No, 1 softshell, mmac Yo, | ; No, 1 \urm.n. uou;sih No, % P .uPllu mm eanul for 12%5c; l’uwu, 12 33 50995 @12%c; Pmm. 11 Chestnu @15¢, HONE G, 11%@1% for bright and 11c for light amber; water white extracted, Bl @6Y%c; light amber, extracted, 5@6%ec; n-rl:. BEESWAX—27%@200 per 1v. Provisions. The market is tame, with cutting in Hams by a Chicago house, as reported yesterday. The Chicago letter of Bolton, De Ruyter & Co. says: “Market without material change. Recelpts of hogs 27,00, against 65,000 last yedr, Those ln closest toue N the move- O e gentrally 1o snticipate 2 small run ol hogs for the next two months, with last yur, '"‘,’:fi"‘h the qumy L -Bacon, heavy, 15¢ for light medium, 11-: o T Iuhx. for extra light, idc for su T (e sagarccured; Basern sugar-cure) Hides, Tallow, Wool and Hops. Hops continue very stiff and choice are reported bringing 27c. The condition aE the Eastern markets will be seen in the first S—Culls umuumlux m Im. 3 Cow -Ia Dr,l)a, uul ‘.‘llc b “fl-.-n.hh:t and W”-fl!—. for small and AUCTION SALES. = o L= AUCTION SALE 90 head of BRDKE and LVB’RO“ MARES and GELDINGS, consisting of 20 head of Conmisnar by B, TSRS ALL BROKR, by BIS] COUNTY. and 10" Head UNEROKE flotm ‘weighing " from 1000 to 1300, consigned by T. J. JACKSON, COLUSA COUNTY. To Be Sold On | Thursday, November 20 1902 11 A. M., at SALESYARD, 171- MARKET ST., cor, Van Ness ave. FRED H. CHASE & CO., Livestock Auctioneers. Horses now at yard. Send for_catalogue, — for Colts. Horsehides. dry, $1 75 for lary §1 50 for medium, $1@1 28 for small and for Colts. Buck Skins—Dry Mexican, 32%c; dry salted Mexican, 25¢c; dry Central 32%ec. Goat Skins—Prime .\n;cru. 5¢; large and smooth, 50c: medium, 35c. TALLOW-—No. 1 rendered, 5%@6c per Ibg No. 2, 4%4@5c: grease, 2 WOOL—Sprt u—v;lhy%re‘un. nnl. 18@17ez. 15@16c_per 1 ; detéctive, Y@l0c per l2cw|'ld‘.wl.nfl. 12@15¢; Ilddh CWlIly, 9@llc per d. w‘mOPS—-m.: per b San Francisco Meat Market. There is no further change to report. Weake ness in Hogs at Chicago has caused a corre | sponding easiness here, and packers have re- Guced their bids to 834c, Teporting plenty come ing in to satisfy the demand. DRESSED MEATS. Wholesale rates from slaughterers to dealers 130T g o "'momsumndm.-l- for Cows. VEAL—Large, ; small, 83@9%¢ per Ib. lw‘n‘ON—Wemen. T%@8%e; Ewes, 7@S0 per 1b. LAMB—9@0%e¢ per Ib. BORK_Dacssea Flogs. 8%@9%e per . LIVESTOCK MARKET. The following quotations are for good, sound Livestock delivered in San Francisco, less 30 per cent shrinkage for Cattle. CATTLE—Steers, 8%@0c; Cows and Heifers, he; thin Cows, 4@bc per Ib. ES—4G3%e per b (avoms v.:.q,g), SH!:EPAWuhfll 3%@dc; ewes, per Ib (xross weight). Yearlings, 3% Qde per, Ib. HOGS—Live Hogs, Ios 2na & 6%c; uader 150 Ibs, g 5% @6%c: fows, 20 per cent off; boars, 50 per cent oif, and stags, 40 per cent off from above quota~ tions. @3%0 General Merchandise. BAGS—Grain Bags, 5%@5%e for June-July elivery; San Quentin, 5.56c; Wool Bags, 33@ 35¢c; Fleece Twine, 7%@Sc; Fruit Bags, 5ige, 6c and 6%e for three sizes of Cotton and 6%@ 8% for Brown Jute. COAL—Wellington, $8 per ton; Southfleid Wellington, $3; Seattle, $6 50; Bryant, 36 56; Rosiyn. $7; Coos Bay, §5 50; Greta, $7; Well- send, $6 50; Co-operative Wallsend, 36 503 Richmond, §7 50; Cumberland, $12 in bulk and $1325 in sacks, Peansylvania Anthracite Egs, —; Welsh Anthracite Egz, $13; Weish Lump, $11 50; Cannel, $9 per ton; Coke, $15 per ton in bulk and $17 in sacks; o Bt win descriptions, $8 45 per 2000 Ibs and $8 50 ._according to 70¢; white, @ lon’ Fish Oil, in barrels, 45c; cases, 500; pceorcfiuz of1, in barrels, eu for Ceylon and 88%c for Australian. AL OIL—Water Whits Coal n bulk, m%?fl c; Pearl Oll in cases, fl%; Astral, 213¢; , 21%¢; Star, 243c: Elaine, ac: ne, 23%c; deodorized Stove Gaso line, in bulk, 17c; in cases, 23%c; 72 de- in , 18%¢; in % ln nult, 16c; in cases, 22%c; c; in cases, 27%c. tmrmx'x‘mn—-ne per gallon In cases and O X R Y5 ne 1wt 90 RED 6%c pl:r 1b; White Lead, 6@6%c, according to uantity, VS UGAR—The Western Sugar - 4 4.35c; Dry Grapulated Fine, 4.25c; Dry lated Coarse, 4. it Granulats Beet Granulated &ohqb bags omiv), 416c; fectioners’ A, 4. A3 C, 3.75¢; Golden C, 3.65¢; “D,” 3.58¢: 16e half barrels, 25¢ more; more; 50-1b bags, 10c_more for all lets—Halt-barrels, 4.75c; c; boxes, 8o per b order taken for less than 78 barrels equivalent. Receipts of Produce. SATURDAY, NOVEMBER 16, 19 200 560 298 750 G40 850 5 350 o o !lnv tons. 32/ Lime, 900 OREGON. Flour, qr sks.. 1,020/Potatoes, ske... 29 WASHINGTON. w“ Flour, qr sks... 16,263/ Potatoes, sks. Oats, ctls . . Og.ulddllnll 225 \ STOCK MARKET. ] Aside from considerable activity in Hutchin. son Sugar there was not much doing on the Stock and Bond Exchange, and sales on the | California Exchange were also light. Sales on the California Exchange last week were 8036 shares, valued at 310,893, the lead- ing sales being as follows: Four, 1000 shares; Junction, 5000; Monte Cristo, 1200; Sterling, 6007 Independence, 500; Peerless, 450. . The fcllowing were ex-dividend yesterday: Four Oil, le, or $3000; Contra Costa Water Company, regular monthly of 42 cents per share, amounting to $20,500 92; Port Costa ‘Water Company, regular monthly of 30 ceats per share, amounting to $1500; Oakland Gas Light and Heat Company, regular monthly of 25 cents per share, amounting to $7500; UM Gas and Electric Company, 5 eents per_share. - amounting to. $730% Presidio and Ferries Railroad, regular monthly of 20 ccnt.:”w "ir‘mi momu to $2000; Pa< cific Auxillary The $1,500,000 bond issue of the Merchants® Exchange will bear interest at the rate of per cent per annum, not 5 per cenmt, as stateds A special meeting of the stockholders of the French Savings Bank bas been called for Jan- uary 12, 1903, to authorize the increase of the - SATURDAY, Nov, 15.—12 m. UNITED STATES BONDS. Bid. Ask. Ask, 4s qr coup..110 — |48 qr cinew)136 137 4s qr reg...110%111 |3s qr coup..108 — MISCELLANEOUS BONDS, Ala A WS — — OakW gbs. — 108 | Bay CPC 8s. — 108%|Oceanic S §s 87 — C € G&E 55.104%10315| Omnibus 6s.126 — Cal-st §s ...117 1183 Pac G Im 4s. 96 — € Costa 5s..10S%106% | Pk & CM 6s.106 — EAL & P6s — — Pk & OR 6s.118%121 Fer&C H 6s.117%121 | Pwi-st R 6s. 2 R o bl oA 102% H C&S 5%s.104 — |SF & SIV3s. 128124 Do 3s — | Sterra Cal 65109 111 HRT 108 — (S E At s & L Anc B osiis. — | oo s.aiay — L AL Co6s.100%4101 | (1)10) ....114 114% Do gtd 65102 — (S P of C 88 Do gtd 5s.106 — (1965)Sr A. LAP lcon 85 — 107 | (1909)Sr B.108% — Mkt-st C 62.125% (1908 =3 Do lem 8s. — 128 | (1910) . = N R of C6sl111 111% Po‘clfi ) e N cRSe it i |s B'n Hew — NCPCBs — 1 V Wat Gs100% — N § R 5s..101%102 | Do 4s 2am. 1024108 SETHEIR — [on Summmioayor Do 0s ....114 114%|Un GEE 0s.108 — Do con Bs. — 108% |~ WATER STOCKS. Contra Costa — .72 Port Costa.. 64 8835 Marin Co... 60% — |Spring Val.. $5% 88 Continued on Page Thirty-Nine.