The San Francisco Call. Newspaper, November 29, 1902, Page 8

. THE SAN F¥RANCISCO CALL SATURDAY, NOVEMBER 29, 1902. SUMMARY ?F THE MARKET. New York Stock Maries higher ow :he day. Suger Stocks still firm i this market. Silver continues to make nezw low-price vecords. Sterling and Domestic Exchange about the same. Wieat and Barley Putures lower. Oats and Corn quieter and Ry dull. : Bran and Midldings weak. Fcy firm, with moderate receipts. Some kinds of Beans lower. No change in Seeds. Butter unchanged. Eggs lower. Prunes reported active and firm in New York. Cheese higher. Provisions firmer in Chicago, but unchanged here. Hops continue firm, zwith a good buying demand. Beef and Mutton firm Potatoes in heat Hogs show no further change. 'y receipt and weak. Onions firm. Turkeys lower and other Poultry dull. Game quiet. Fresh Fruit Market dull and featureless. Linseed O1l marked up 2c. .~ Dried Fruits in New York. say: “The is the strong ive market on A marked firm is noted on all sizes in the li this is espectally notice- on 40-50 Mail advices able Few 40-50s ere available even at nd 6%c has been paid for 50-60s 4 in 25-b boxes. A usiness on spot 40s, 50s and 60= has been dene, the aggregate in last two da reaching, it is stated, over seven carioads. Sales of goods now rolling from the cos for export account on five sizes, 40-80s i ceed eight ca 50s and 6as 6c_for three clusive, are said to ex- s of spot 40s, mentioned is inquiries by together with the ve’ materfally stiffened gon Prunes spot are to arrive ar: re- transits near b, . and Oregon 30-40s Seeded Raisins are ac- spot, and sales are Choice are Loeal sceded is firm Loose — Raisins are rown grade held rather firmly clusters are in jobbing de- layers are firm, with busi- or Canada account. In Cur- Amalias uncleaned in barrels are under a moderate buymng interest. - gould be shaded in one quat the general view s un- changed. Cleaned is in fair jobbing demand and prices are maintained. The primary mar- het is reported unchanged at previous basis. Apricots, strictly cholce Royals in 25-1b boxes are somewhat firmer in most quarters. A fair anly on movement is reported. Peaches are quiet. Some business in Pears and Nectarines is noted. In Figs bag stock of better grades is held at from 6%c to 6iec, but some lower grades offer at a shading. Layer Figs are firm and moven r jobbing lots.” N OF STOCKS, INDUSTRIES y Clews, the New York boom prices of 1902 are and there is but lit- tle prospect of their early return, in view of the 1ecent decline of 15§30 points. Two very im- portant factors, the money and labor situa- tion, are clearly against the stock market just now. Another consideration is the change of speculative sentiment from that of in- ate optimism to that of growing con- sm. Still another influence is that the fortes which led near’- all recent bull move- ments have either been badly crippled or lost configence their ability to keep prices at sky-scraping levels. It is true that general business continues active; that consumption of ‘merchan is heavy and stimulated by ad- vances in wages; that traffic is unprecedent- edly large; that the crops have been satis- fa and that exports are increasing; but these facts do not counterbalance the sug- gestive firmness in the momey market and the apprehensions regarding the labor situation. A= a result, the bull side possesses less of its former courage. The present sharp recovery is of course a natural reaction following heavy quidation which has undoubtedly brought ew and stronger buyers to take the place of enfeebled holders of stocke, who were the unwilling recent seilers. ““Time money now rules at € per cent, with rates likely to go higher rather than lower between now and the first of January; this really being the governing ' influence at the moment. The banks are apparently determined 10 _have the situation well in hand for cmergencies. Evidently their opinion is “‘bet- ter a little discomfort now than trouble later on.”” The plain truth is the country has used up all its available floating capital, and s re- edjustment is imperative, either through con- traction, retrenchment of walting in patience until our national savipgs provide a fresh sup- ply. Hed we a modern scientific currency plan instead of the present obsolete, inelastic method, which has more than once brought 8 to the edge of disgster, the situation would largely correct itself. Nothing but 4n Ig- norant, popular prejudice against banks has prevented our having a currency ecapable of expanding or contracting according to de- mand; and such a currency, it ought to be ', i of more bemefit to the publiz than 10 the banks, which have no objection what igh rates of interest forced by city. An elastic currency is really of vastly greater advantage to the pub- lic than to the banks: hence the latter's com.- parative apathy on the subject; but that pa- Uent creature called the public seems to learn its meeds only through the painful and costly school \0f experfence “The reasons for anticipating firm money are these: Large crops, trade activity and high prices make imperative demands upon.a lim- ited currency supply; very large sums are still locked up in underwriting syndicates: the treasury is sgain absorbing funds through customs payments; heavy January disburse- ments will soon have to be provided for, and exports in settlement of foreign loans are inevitable later on, unless our foreign trade balance becomes more favorable. As a partial offset, bank reserves are stronger than two or three months 2go, &nd there has al- ready been Considerable contraction in loans through forced liquidation. are those, however, strong in market control who dc not think thet the financial housecleAning has yet been sufficiently thorough; and it need cause no surprise if some stringent periods 35 the money market are witnessed during the next few months. It must not be overlooked @iso that the freasury has practically ex- hausted its resources for relief, and that hav- ing averted ome crisis, it is mot in & position 10 afford any further material help. Evidently it 4 the policy of the large dispensers of credit to force a gradual liquidation, permitting, if not_encouraging, frequent<rallies for a safer readjustment. This process is- painful but wholesome. ~“The increased demands of labor and any- thing but a bull argument. For a period a Jarger consumption and distribution of com- modities is anticipated; but, on the other hand, Dew enterprises are already being held back because of the high cost of materials and la- bor, much of the work now doing being on old ports and checking exports to a degree that il finally veact upon labor. The railroads, in spite of heavy traffic and larger earnings, are already confronted with heavy increases in expenses and declining net earnings, The dey of increased dividends is over, and the question as to whether recent increases can be maintained will soon be tested. The rafl- roads are endeavoring to compensate < selves by general advance in rates, but this is considered guestionable policy. Less money will mbnh:vhl:msmm in improve nd one class o will thus be suffering the benefit of another.” o Weather Report. (120th Meridian, Pacific Time.) SAN FRANCISCO, Nov. 28—5 p. m. The following are the seasonal rainfalls to Cate as compared with those of same date last =eason and rainfall in last twenty-four hours: COAST RECORD. E . U 2 S 5 3 =& STATIONS. E 3 g A s . 3 3 g Astoria w Cloudy 1.02 SE Cloudy T. NW Clear .00 w Rain .14 SE Pt Cldy .00 s Cloudy T. : SE Clear .00 Los Angeles S8W Clear .00 Phoenix . vl B Clear .00 Portland s Cloudy .58 Red Biluff. w Clear -00 Roseburg SE Rain .86 Sacramento ..J SE Pt Cldy .00 E Clear .00 w Clear .00 N Clear .00 sW Seattle NE Spokane E Tatoosh . N Walla Walla, S Winnemucca . sW Yuma . N Clear .00 WEATHER CONDITIONS AND GENERAL FORECAST. A storm of some energy overlies the morth- ern portion of the Pacific Slope. It appears to be moving rapidly eastward. During the past twenty-four hours the pressure has fallen rap- idly over Washington and Oregon. Rain has fallen from Eureka northward. There has been but little change in tempera- ture during the past twenty-four hours over the country west of the Rocky Mountains. Heavy frosts occurred in_California. Forecast made at San Franclsco for hours ending midnight November 29, 1902: Northern ~ California — Cloudy, unsettled weather Saturday, with showers in northern portion: fresh southerly winds. Southern California—Cloudy Saturday, with frosts Saturday morning in the interior; light northerly winds, changing to westerly. Nevada—Cloudy; warmer Saturday. San Francisco and vicinity—Cloudy, unset. tled weather Saturday: light southerly winds, changing to brisk westerly. ALEXANDER G. McADIE, Forecast Official. thirty %, EASTERN MARKETS. — % New York Stock Market. NEW YORK, Nov. 28.—Prices of stocks closed to-day considerably higher than on Wednesday, in epite of some rather unfavor- able developments and the continuance of some apprehension over monetary conditions, The advances were attributed to some ex- temt to the demand from' the short Interest to cover. Inducements to do ‘this were of- fered by the bidding up of prices by an ele- ment among the traders which set out to make a campaign against the bears. The short interest was known to have been ac- cumulating contracts for a- considerable time and their commitments were extended on Wednesday on the éve of the holiday. day’s trading, nevertheless, was dull, as shown by the total transactions, which did not_exceed half a million shares. The at- tendance at the board was small, many brok- ers having left the city on Wednesday even- ing to stay over the end of the week. I was regarded as a favorable incident that the day passed without any additional pro- nouncement,of hostilities on the part of either side to the controversy for control of Colo- rado Fuel. The most motable demonstration ~ of the day was in Loulsville & Nashville, which was lifted nearly 7 points, carrying with it Southern Rallway and Illinois = Central” in sympathy. The movement was unexplained except on the ground of comparisons con- tained in a recent circular of the invgstment value of Louisville as compared with other dividend-paying stocks. The movement in Sugar contained all the earmarks of a cam- paign against the shorts and the urgent de- mand at the last carried the price up over 5 points. Vague rumors of a deal accomi- panied. the rise in Hocking Valley. Another center of activity was in the local tractie: Brooklyn Transit at this time led the advance, Manhattan was very active, but fluctuated marrowly and showed the effects of realizing. Rumors were again circulated of a combin- ation of all the local transit facilities, and a share in their control in the interest of Penn- sylvania and New York Central. The strength of St. Paul was due to the expectation that the directors would act on the authority to issue new stock at to-day’s meeting, ~The stock ran off on the adjournment of the meet. ing without action. These various centers of strength helped the ‘general advance #h the market, which reached a polnt or more in a long list of stocks. The market receded when the cail money rate advanced to 6 per cent in the late dealings, but rallied again and ‘closed steady under the influence of & spurt ost reasury $3,433,000, including _deposits for transfer to interfor. To-day there was deposited in addl- tion $500,000 for transfer to San Francisco and $100,000 for transfer to Chicago. The sub- treasury also had a credit balance at Clearing House this morning as of accumulated revenue. collections over holiday, The interior movement of currency by exprese was smallp both ways, and the re- ceipts on balance amounted to less than $100,- 000. New York exchange at Chicago also: re- covered to-day to 20 cents discount. Sterling exchange continued firm, but.the retention of the 4 per cent discount rate by the Bank of England had a favorable effect. Total sales Bonds were dull and irregular. (par_value), $1,415.000. — United States 3s registered declined % per cent on the last call. NEW YORK STOCK LIST. Stocks— Sales. High. Low. Close. 16,600 83% 82% 2100 983 97 ua 16,500 993, 97% 98 200 94" 933 Canadian Pacific 129 128% Canada South ... 7 Chesapeak & Ohlo. 46% Chicago & Alton 33 Chi & Alt pfd gz > 88 37 222 ass 7 32 29 3 43 40! 159 159 24415 244 i 35 ke o 182 183 9434 9134 144 Metro St Ry. Mex Central . Mex .National Minn & S L Missouri g Missouri, X & T.. M K & T pfd.... New Jersey Cen . New York Cen Penneylvania . Reading . Reading st pfd. Reading 2d. pfd. Southern Rall South R pfd . Tex & Pac h . 4 4385 43 | 1000 4% y‘ b { .. 2000 34 33% 33 | Wisconsin Central.. 100 25 2.5% %% | Wisconsin Cen pfd. 500 50% 49% 49% | Express Gompanies— | Adams ....! ) 200 | American . He 220 . 210 X 56% 5 34 { Am Car & F pfd... ;‘i »ofi Am Linseed Oil... %% 15 Am Lin Oil prd... B it | Am Locemotive. 28 27% 28 { Am Loco pfd. % 92 913 91 Am Smelt & Ref... 500 39 3614 39 | Am Smelt & R pfd 3,600 91 8§ 9014 Anacofida Min Co.. ..... 3 6 Brooklyn Rap Tran 21,800 3 63% | Colo Fuel & Iron. 100 6 Interntl Paper..... Inter Paper pdf.... Internatl Power.... National Biscuit. .. Nagional Lead...... North American. Republic Steel Sugar .. Tenn Coal and Iron Union Bag & P Co. Un B & P Co ptd.. | U S Leather....... 800 34,400 8614 833 88% Total shares UNITED RAILWAYS OF SAN FRANCISCO, NEW YORK, Nov. 28.—Curb quotations of Srcyrities of United Raflways of San Francisco: . $91 asked; $46 50 bid, $48 asked. %) T L & N Unifled 4s.101 Mex Central 4s. Do 1st Inc . Do st Inc ..... 743 36 C& O 43s 110414 | South Pacific 93 Chi & Alton 335, 78%| South Ry bs 1184 C. B & Q new 4s. 8314 | T & P Ists ..... 12014 C,M&St P gen 45,113 | T,StL & W 45.... 79 Chi&NW eons 7s.13¢ |Ui 1043 {C.RI&P 4s....108% 1058 CCC&St L gen 45.10114 11614 | Chi Terds ... & 10713 | Colo & South 'is. 92 76 D&R G 4s ....100% 112 Erle prior lien'4s. 978} 92 Erie General 4s... 8413 92 F W&D C 1sts...113 " |Con Tob 4s . 631, Hocking Val 4%5.108% NEW YORK MINING STOCKS. 15, Little Chiet 10 Alice . 23 Ontario 700 | Breece .. 45| Ophir. . 83 | Brunswick Con. 04 Phoenix . . o6 Comstock Tun. 05| Potosi . 12 Con Cal and Va.. 100|Savage . .... 01 | Horn Silver 125! Sierra Nevada ... 13 Iron Silver . 70 Small Hopes 30 Leadville Con. 03| Standard . 00 BOSTON STOCKS AND BONDS. Money— Mining— Call Loans .....§@6| Adventure Time Loans ..54%@6%| Allouez Bonds— Amalgamated 56% Gas' dst s....... 98 |Daly West . 3 Mexican Cent 45 77%|Bingham ....... 261 Railroads— Calumet & Hecla 450 Atchison . 82% |Centennial ..... 16 Atchison pfd .... 98%|Copper Range . 08 | Boston & Albany.258% | Dominton Coal = 127 | Boston & Maine.190%, Franklin ....... 9 Boston Elevated..153 " |Isle Royal 1115 Fitchburg pfd ..141% | Mohawk . 88% Mexican Cent .. 2214/0ld Dom -...t.. 15 Miscellanoous— Osceols 50 American Sugar.121 |Parrot American T & T.159% Quincy Dom Iron & Steel 5414|Santa F' General Electric.128 | Tamarack . Massachusetts B. 35%| United Copp 9% Mass, pfd ....... 9633 Trinity . 1 United Fruit 0915 | United Staf o209 U S Steel . it Utah . . 231 i Victorla . L ‘Winona S Wolverine ..... 57% New York Money Market. NEW YORK, Nov. 28.—Money on call stfady at 6@8 per cent, closing at 6 per cent. Prime mercantile money, sixty days, 6 per cent; ninety days, 6 per cent; six months, 5% per cent bid. Prime mercantile. paper, 53%@8 per cent. Sterling exchange firm ‘with actual business in bankers' bills at $4.87.25 for demand and at $4.83.625 for sixty days. Posted rates, $4 84144-88, Commercial bills, $4 82% @4 83%. Bar silver, 46%c. Mexican dollars, 863c. Government bonds, easler; railroad bo: - regular; State bonds, inactive, gk — s Bunk Clearing i s — s The following table, tompiled by Bradstreet, shows the bank clearings at the principal cities for the week ended November 26, with the percentage of increase and decrease as compared with the corresponding. week last year: Percentage. Cities— Amount. e, " Dee: New York . $1,326,587,937 Chicago 139,617,783 ton . 108,856,872 Philadelphia 102,041,835 St. Louls 39,526,491 Pittsburg 38,184,805 Baltimore 18,063,426 an Francisc 24,284,747 Cincinnat! . 18,001,050 Kansas City ..... 17,285,600 ' Cleveland 12,157,782 Minneapolis 16,427,149 New Orleans . 15,326,632 Detroit 9,432,412 Loulsvilie 8,570,190 Indianapolis . 10,434,231 Providence . 6,321,200 Omaba ... 8,089,678 Milwaukee . 6,984,996 Buff: . 5,823,261 6,152,865 3,150,000 3,627,471 4,272,040 4428702 2,915,006 Albany ... . 3,391,472 Los Angeles ..... = 4,353,027 Memphis ... .... 4,995.211 Fort Worth . 2,506,777 3,634,081 3,194,980 o 2l419.772 2,801,420 1,804/561 2,763,483 807,302 1,353,043 1,310,367 s T 17485,060 1,604,940 R BB A ‘iHouston Galveston #Columbus, ‘Ohto. Wrkeeling "...... ‘Wilkesbarre | Decatur, IIl. Utica, N, Y. Greensburg, Pa Mansfield, Ohio. - E Totals, U. S..$2,032,3 3.8 Outside N. Fi 6.3 Montreal 3.5 Toronto . 38.9 Winnipeg . 33.4 Halifax ... . 23.6 Vancouver, B. 41.3 Hamilton 237 Et. Johm, N. 623 Victoria, B. C! T4 Quebec 5 361 Ottawa 1,733,501 26,8 London ... . 833,613 . Totals, Can.. $48,975,147 84.1 Not included in totals because containing other items than clearings, — % Dun’s Review of Trade. NEW YORK, Nov. 28 —R. G. Dun & Co. Weekly Review of Trade to-morrow Will sa: Weather conditions have provided the only im- portant development of the week in the busi- ness world. Excessive rains in some sections, notably the Southwest, facilitated distribution of heavy footwear, overshoes and kindred lines, while seasonably low temperatures at other oints Increased the movement of winter wear- ng apparel. These Influences, together with a large Thanksgiving trade in food products, stimulated retail dealings very materfall Jobbing and wholesale trade is fully main- tained and manufacturing plants have orde:s far ahead, but in many cases the coke short- age retards operations. Railway officials are making every effort to relieve the freight con- | gestion, especially in the vicinity of Pittsbur; but thus far there is little evidence of im- provement. Gross earnings are fully main- tained, for November thus far exceeding last year's' by 6.3 per cent, and those of 1900 by 18.4 per cent, while it is anticipated that higher frelght rates will offset the advances in_wages, sustaining .net earnings. Inquiries for pig iron become more urgent as the scarcity grows more acute. Furnaces are added to the idle list when there is full occupation for every plant in the country, but the fuel shortage is not perceptibly im- proved. Minor metals are generally weaker, tih beirig especially depressed. Silver bullion has fallen to much the lowest price on record, the intrinsic value of a silver dollar now being about 39 cents. Failures for the week numbered 213 in the United States, against 182 last vear, and 16 in Canada, against 25 a year ago. #- * Bradstreet’s on Trade. \‘ *- * NEW YORK, Nov. 28.—Bradstreet’'s to- ‘morrow will say: ‘Warm weather has been, and in some sec- tions, is, the only apparent drawback to dis- tributive trade, but lower temperatures and early heavy buying have_tended to minfmize the deficlency. A large ubprecedented holiday | demand trade is confidently predicted, all sec- tions of the country sending-this report. While weather-dalled retafl trade has affected orders from Western jobbers, wholesale trade as a rule is in excess of a year ago and consider- able increases are expected to be finally shown in mearly every department of trade. General Industry is active, the country over, manu- facturers and producers being still urgently pushed on to deliver orders booked some time ago, Some jmprovement is noted in the trans- | portation congestion, largely because of special efforts to break the blockade at Pittsburg and | farther west, but the car shprtage is still a matter of worriment to the railroad men and to merchants and_dealers whose goods are de- layed thereby. The influence of last year's crop shortage is gradually disappearing.. Lower prices for cereals, provisions and finished iron and steel give hope of better export trade and the possibility of cutting down some of the unfavorable balance shown early this year. There is a rather more cheerful tone in the jron trade, partly the result of improvement in fuel supplies at the West and partly the re- sult of larger buying at the East. Copper is weaker in tone and tends down- ward on increased offerings and weak foreign markets, while tin is also lower. The strength of raw’ wool is unabated, the latest sales showing a higher range. Joreign wools sold here are now at lower prices than new woolens can possibly be exported for, The wool clip for 1902 shows a slight gain, the fifth annual increase from the depression of 1897, and the production is now not far from the record fig- ures of 1893. Wheat, including flour, exports for the week ending November 27 aggregate 4,179,685 bushels, against 5,287,672 bushels last week and 5,117, 78 in this week last year. Wheat exports since July 1 aggregate 111,- 042,000 bushels, against 127,818,726 bushels last season and 77,790,009 bushels in 1900. Business failures in the United States for the week ending Thursday, November 27, num- ber 180 as against 201 last week and 189 in this week last year. Canadian failures number 19, as against 19 last week, and 26 in this week a year ago. # New York Grain and Produce. * * NEW YORK, Nov. 28.—Flour—Receipts, 25,082 barrels; exports, 24,621 barrels. Market fairly active and steady, ‘Wheat—Receipts, 239,875 bushels; exports, 15,980 bushels, Spot market easy. No. 2 red, 6%c elevator; No. 2 red, 77%4¢ £. 0. b. afioat No. 1 Northern Duluth, ‘83%c f. 0. b. afloat No. 1 hard Manitoba, 84%c f, o. b. afloat. Op- tions opened steady. 'and advanced on support by the Chicago bull leader, coupled with re- ports of rain in Argentina and light specula- tive offerings. This continued until the last hour, when Indications of elevator selling West broke the whole market severely, and _the close was weak at 14,@%c net loss, May, 79 15-16@80%c, closed at 80c; December, 801 @80%c, closed at 80%c, Hops—Firm Petroleum—Firm. ‘Hides—Steady. Wool—Steady. > Coffee—Spot Rio quiet No. 7 Involce, 5lc; mild, quiet; Cordova, 74,@12c. Futures opened steady at 5@10 points higher, and closed steady, net 5@15 points higher on sales of 40,600 bags, December sold at 4.50Q 4.60c; January, 4.65@4.7bc; - February, 4. 4.85c; March, '4.90@5.00c; May, 5.10¢ 5.25c; Septemiber, 5.85¢; October, 5.45c. Sugar—Raw, firm. Refining, 3%c; centri- fugal, 96 test, 3%c; molasses sugar, 334c. Re- fined was firm, DRIED FRUITS. Evaporated Apples—The market continued easiness as a result of the especially cak, ~Common are quoted at 4 ; prime, @5%c; choice, 6@6Yc; fancy, 6%@7%e, Prunes — Spot’ Prunes. are strong under a 800d -demand, and the larger sizes continue in scant supply, Prices range frem 3%c to Ti#c for all grades. Apricots are steady. though in moderate demand at the old prices being quoted in boxes at T%@]12c, and in bags at 7@l0c. Peaches “are steady and unchanged at 129 18c for peeled and 614@10 for unpeeled. *- July, shows fres > * Chicago Grain and Produce. CHICAGO, Nov. 28.—Heavy buying of May Wheat during the first part of the session by the leading longs and later reallzing on early purchases were the features in the wheat pit. Good weather in the Northwest, with heavy receipts, together with lower- cables, induced free selling during the first hour, but off were all taken, g prominent long adding con- siderable to his already heawy line. Other traders followed the lead, causing an advance in prices, but later on realizing there was a sudden dron gd th.flon was nn:n the bot- i r_open ; lower at 4RI, 1.:dvnm *”;2‘; i o fower at Tilgoe s May closed o Gomen 2 tter between Zifc and 11K & SORE 5 o s Corr ruled strohg the first part of the ses- \ ). -~ sion, 1 celpts an weakness in ‘wheat a causing a considerable decline, and it el with a light gain. Dece: closed 1c higher at Obc. aiter ranging between 5ic and 56c. May closed a_shade higher at 42%c, after rans. between 423ic and 43%c. ts were quiet and featureless, with prices steady, the close on both December and May being unchanged. Provisions were strong, the small recaipts of hogs at the yards betng the bull factor. Shorts were uneasy over the outlook 2nd cov- ered freely. At the same time there Was in- creased buying for the long account. The de- mand for lard was especially good, With the nearby futures advancing sharply.’ January pork closed 12%c higher at $15 85, January lard was 10c higher at $9 55, ribs 5@7%c higher at $8 20, The leading Putures ranged as follows: Articles. Open. High. Low. Close. Wheat, No, 2— 3 December T4 Y% T4 T4 May ool 76 Ti% 76 76 Corn, No. 2— ember . ay s ko u B 31 31 : nE B Mess Janua 1570 15 85 May o 14 85 1500 14 8215 15 00 Lard, ver 100 lbs— December 1005 1005 1000 1005 075 1125 1075 1125 9 45 9 55 9 45 9 55 S0 8 90 8 80 8 8i% er 100 lbs— . 8171% 8 221% 815 8 20 Dl795T 8021k 702y 8024 Cash quotations were as _follow: steady; No. 2-spring wheat, T2@74’ 12%@74e; No. 2 red, 7: 541 Flour, Y4c; No. 3, white, 3 rye, 4916@50c; good feeding fair to cholce’ malting, 43@b0c; 1@ 358 No. No. 2 38c: No. 1 flaxseed, $115; No. 1 Northwestern, $1 20: prime_{fimothy " seed, $3 65; mess pork, per bbl, $16 75@16 87%; lard, per 100 lbs, '$1i@ 11 25; short ribs sides (loose), $8 8715@9 121 dry salted shoulders (boxed). $9 573%@9 50: short clear sides (boxed), $8 75@9; whisky, basis of high wines, $1 32; clover, contraci grade, $10 25. Articles— Recelpts. Shipments, 22,300 23,600 . 230, 57,200 - 149,700 361,600 212,900 296500 2,700 30,1 36800 23,200 On the Produce Exchange to-day the butter market was firm; creameries, 1%c; dair- };s, 1;4@2’31.‘. Cheese, steady; 11@12c. Eggs, rm, 24c, LI — Foreign Futuyres. Wheat— March. May Opening e& 6% Closing . 6 614 ‘Wheat— Nov. Mar.-June. 21 15 21 35 21 00 21 35 o Flour— S Closing 25 30 New York Metal Market. NEW YORK, Nov. 25.—Tin experienced & sharp recovery in London, prices thers show- ing an advance of £1 10, to-day’s closing be- ing at £112 6s for spot-and £111 for futures. The local market also improved. gaining 33 polats, and closing at §24 66G24 80, Copper was 3s 9d lower at London, whers it closed at £49 14s for spot and £50 - for tures, The New York market for copper was dull and unchanged. Standard closed at 10.50c. nominal; Lake at 11.65@11.50c; casting and electrolytic at 11.25@11.30c, Lead declined 1s 3d to £10 12s 6d in London, 2;1: continued dull and unchanged here at c. Spelter was unchanged in London at £19 17s gd,_but was weak and lower here, closing at .15¢., Iron in Glasgow closed at 54s 14, and in Middlesboro at 51s 6d. The local market re- mains quiet but steady. Warrants continue nominal. No. 1 foundry Northern is quoted at $23@25; No. 2 foundry Northern, No. 1 foundry Southern and No, 1 foundry South- ern soft at,$22@23. New York Cotton Market. NEW YORK, Nov. 28.—The cotton market opened steady, 1 to 9 points advance and closed unchai Eastern Livestock Market. CHICAGO. CHICAGO, Nov. 28.—CATTLE—Receipts, 11,500, including 300 Texans; market steady to 15¢ lower; good to prime steers, $6@7 40; poor to_medium, $3@6; stockers and feeders, $2@ 475, cows, $1 40@5; helfers, $2@5; canners, $1 40@2 50; bulls, $2@4 50; calves, $3 50@6 75; Texas 1;;1 steers, $3@4 25; Western steers, HOGS-—Receipts to-day, 28,000; 18,000; left over, 3500; active and mixed and butchers, $5 85@6 25; good to choice heavy, $6 4214: rough heavy, $5 70 @en?o!g:ul)lxm. $5 65@6 10; bulk of sales, to-morrow, Sc higher; $5 SHEEP—Receipts, 18,000: sheep aad lambs, steady: market 10@15c higher; good to cholce Wwethers, $5 756@4 25; fair to cholce mixed, $2 50@3 75; Western sheep, $2 75@3 85; native lambs, $3 75@5 70; Western lambs, $3 75@5. . ST, JOSEPH. 3 60@6 ; and_stags, 2@6; stockers, $2 50@L €5. HOGS—Receipts, 5002; medi $5 75@5 90; !flgfl 123 pigs, $6@6 07% nts, 2426; native lambs, $4 20; lum and heavy, bulk of sales, SHEEP—Recei| top native ewes, $3 London Wool Sales. LONDON, Nov. 28.—The offerings at the wool auction sales to-day numbered 12,859 bales. The demand was brisk. American in- _quiry improved, resulting in slightly higher prices, especially for coarse qualities. There Was a good demand for cross-breds from Con- tinental buyers. Victoria new clip greasy was in good supply and sold at extreme rates. Cape of Good Hope and Natal scoureds showed an advancing tendency. Merinos were in small supply and scoureds were taken for France and the Continent. Northern Business. SEATTLE. Nov. 28.—Clearings, $690,630; balances, $106,917. e 0 0 TACOMA. ~Nov. 28.—Clearings, $429,475; balances, 2, TLAND, Nov. 28.—Clearings, $609,916, balances, $108,170. SPOKANE, Nov. 28.—Clearings, $350,87; balances, $58,182. Northern Wheat Market. ‘WASHINGTON. TACOMA, Wash, Nov. 28.—Wheat un- changed; blue stem 79¢, club 72c. OREGON, PORTLAND, Ore., Nov. 28.—Wheat qulet lflik;te_[uéy; ‘Walla Walla 72c, blue stem T9¢, st * Cleared: ogER B o, f e for Quoene The total shipments of wheat from this port {:lrh:lll: week ending to-day were 368,934 i Foreign Markets. LONDON, Nov. 28.—Consols, 93 3-16; silver, 21 11-104; French rentes, 99f 30c. Wheat car- goes onl:;w‘l:e&&m:;l:r cargoes No. 1 Stand- ard Californ 7%4; English country mar- kets, quiet and steady. e LIVERPOOL, Nov. 28.—Wheat, let; No. 1 Standara Caitfornia, 64 734006 Sa: whosi in Paris, quiet; flour in Parls, quiet: French country ‘markets, quiet; weather in Bngland, rain, * Receipts of wheat during the last three days, 245,000 centals, |nfxzu&"m,m Ameri- can. There were no receip merican corn, COTTON—Uplands, 4.54d —_— LOCAL MARKETS. B e i s e ———— Exchange and Bullion, Silvér continues to drop, making a new low record every day, and Mexican dollars are de- pressed in sympathy, Sterling Exchange is steady, but domestic is weak and large trans- actions are being made under the quotations below. Sterling Exchange, 60 days * - Wheat and Other Grains. WHEAT—The terlally changed. Soreign. masiots: wers Aot o Kl cables, smaller re- | New York reported a fair export demand. oo “smeall “Atientine shlpments, but the I Bradstreet's gave the weekly exports from the ffected this market later, | country at 4,180,000 bushels. Hessian fly dam- age reports are now quite general, especially in the Missour! River States. This market was lower as to futures and ‘weaker as to cash grain, though quotations showed no decline. There was not much life to the market, and neither buyers nor sellers appeared eager to operate. CASH WHEAT. No. 1, $1 401 45; Milling, $1 47@1 50 per et FUTURES. Session 9 to 11:30 a. m. Open. High. Low. Close. December $1 381 $1 381 §135 $135% May . 141% '141% 139% 139% 2 p. m. Session. M STG0 ST s 0% s 0% December . (SRR R BARLEY—Cash grain was a fractlon weaker | on. the inside quotation and futures were lower. The market was tame and featureless. CASH BARLEY. Feed, $1 221%@1 25; Brewing and shipping grades, $1 27%; Chevalier, $1 65@1 60 for fair to cholce. FUTURES. Session 9 to 10a. m, Open. High. . Low. _Close. December ......$1 221 $1 223 §1 2215 $1 2% May—No sales; §1 26 bid, §1 267 asked. 2 p. m. Seseion. May . De. Open. High. Low. Cloge. 811 274 $1 27% $1 27% $1 27% ales. 1 like the Wheat and Barley markets, was tame and easy yesterday, but, prices showed no change. White, $1 25@1 30; Black, $110@1 20 for teed and $1 27%@1 35 for seed; Red, $1 12130 1 221 for common to choice and $1 25@1 for faney. CORN—There {5 nothing néw in this market, business being quiet. Western (sacked) 13 quoted at $1 30 for Yellow and $1 40 for White, California, Large Yellow, $1 40?1\50; rourd do, §1 62%@1 55; White, $1 4214@1 45; Egyptian, $1 25@1 35 for White and $1 15@1 25 for Brown. R¥E—$1 05@1 10 ver ctl. BUCKWHEAT—Nominal at $1 75 per ctl. Flour and Millstuffs. FLOUR—California_Family Extras, $4 209 445, usual terms; Bakers' Extras, $410@ 420; Oregon and Washington, $3 50@3 75 per bbl for Family and $3 50@4 for Bakers'. MILLSTUFFS—Prices in packages are as fol- lows: Graham- Flour, $350 per 100 Ibs; Rye Flour, $325; Rye Meal, $3; Rice Flour, $7; Carn Meal, $325@350; extra cream do, $4@ 425; Oat Groats, $525; Hominy, $425@450; Buckwheat Flour, $4 75; Cracked Wheat. §$4; Farina, $450; Whole Wheat Flour, $3 75: Rolled Oats, barrels, $7 35@9; In sacks,’ $6 85@ 8560; Pearl Barley, $6; Split Peas, boxes, $6 50; Green Peas, $5 per 100 lbs. Hay and Feedstuffs. Bran and Middlings are rather weak, but no lower. Hay continues in light receipt and un- changed. D] . ;ellE%DSTUFFS—ROHGG B.rlez 27; Cocoanut Cake, $2¢ acked Corn, $30 20@21; Cottonseed Meal, . HAY—Wheat, $12@14 50, with sales at $15; <Wheat and Oat, $11G14; Red and Black Oat, $11@13; Wild Oat, $9@12 50; Barley, $9@10 Stock, $8 50@0 50; Alfalfa,” $9@1180; Clover, 8@9 50 per ton. B RAW - 45G65c ver bale. ton; Oilcake Meal at the mill $2 ‘orn Meal, 150; Mixed Beans and Seeds. Limas and large Whites are quoted some- what lower, and Reds are also selling off 25c. The market is quiet, though thers is some movement overland, as previously reported. BEANS—Bayos, $2 85: small White, $3.25@3 35; large White, $2 75@3 05; Pink, $2 10 @2 50; Red, $2 50@2 75; Lima, $4 25@4 35; Red Kidneys, $4 75@5; Blackeye, $3 70@3 90 per ctl. SEEDS—Brown Mustard, $3 25; Yellow Mus- tard, $3@3 25; Flax, $2 50?3- Canary, 4@4%4c for Eastern; Alfalfa, 10@llc; Rape, 1%@2%c; | Timothy, Te; Hemp, 3%,@4c per Ib; Broom Corn d, per ton. S ED PEAS- Niies, $2 50; Green, $185g2; Blackeye, — per ctl. Potatoes, Onions and Vegetables. Receipts of Potatoes for forty-eight hours ending yesterday noon were 16,276 sacks and of Ontons 853 sacks. The situation was un- changed, choice Burbanks selling readily and second-class stock dragging. River Reds and Early Rose were inactive. Two cars of Sweets came in. One car was sold at the in- side quotation and the other was held firmly 2 the top rate. There was a firmer fecling in fancy Onions, supplies bling light. Pcas and Beans from Los Angeles were of- fering freely, but sold quickly at good prices. Offerings of Lima Beans were of poor quality and unsalable. Tomatoes continued to sell at a wide range, according to quality. POTATOES—Burbanks from the river, 35@ 60c per ctl; Salinas Burbanks, $1@$1 15 per ctl; Oregon, 90c@S1 10; River Reds, 50c per ctl; Early Rose, 65@7bc per ctl; Potatoes, $1 25@1 35 per ctl for Merced. ONIONS—56@70c per ctl for the best and 35 Sweet 50c for lower grades. O AT AD L Gren Peas, 5%@7c per Ib; String Beans, 8@10c, including Wax; Lima, ——; Cabbage, 75@S0c per ctl; Tomatoes, 408 T8¢ 'per box, with some fancy higher; Carrots, 40@50c per sack; Cucumbers, 5S¢’ per_box; Garlic, 2@2%c_per Ib; Chile Peppers, per box; Bell, 50@65¢c; Dried Pepp:rs, 8@9c per Ib; Egg Plant, 75c@$l per box for bay and 8%10c per Ib for Los Angeles; Dried Okra, | 15@20c_per Ib; Summer Squash, from Los An- | geles, $1@1 25 per box; Marrowfat Squash, $3@ $10 per ton; Hubbard, $8@10; Mushrooms, —— per b, Poultry and Game. The second car of Western Poultry to arrive | this week was marketed yesterday and as the | stock was of good quality it cleaned up quickly | at good prices. The receipts of Callfornia were | large and, except for large young stock and | choice hens, the market was dull. Dressed turkeys were offering freely, but there was | very little demand. Prices of game showed little variation. Re- ceipts were 98 sacks and the demand was slack. POULTRY—Dressed Turkeys, 18@2lc per Ib: | live Turkeys, 16@l7c for Gobblers and 16@17¢c for Hens; Geese, per pair, §I 50@2; Gos- | lings, $1 50@2; Ducks, $3@4 for old and $4 50 @8 50 for young; Hens, 5_50; young Roosters, $5@5 50; old | Roosters, $5; Fryers, ; Brollers, $4@4 50 for large and $3 @4 for small; Pigeons, $1 12%@1 25 per dozen for old and $1 75@2 for Squabs. GAME—Doves, §1 per dozen: Hare, $125 per dozen; Cottontail Rabbits, $1 50: Brush Rab- | bits, §1; Mallard Ducks, $2 50@3; Canvasback, | $3@7; Sprig, $2@2 50; Teal, $1 50@2; Widgeon, $1 25@1 50; small Ducks, '$1 25; Gray Geese, $3 50 White Geese, $1@1 50; Brant, $2 50 for large end §1 50 for small; Honkers, $4 50@5; English Snipe, $2; common, $1 50. Butier, Cheese and Eggs. Butter showg no change, being rather weak than otherwise, with sufficlent offering to fill the current demand. Cheese has moved up again, and is firm at the advance, with light -uppus.l E are lower and quiet. Holders offer freets at concemsions to_move stocks, but buy. ers are hanging back. Receipts of ranch eggs, however, continue moderate, and the frosty weather tends to keep them so. accipts were 51.600 Tbs Butter, 447 cases Eggs and 36,600 1bs Cheese. BUTTER—Creamery, first hands, 82@34c per 1b for fancy; 30c for Drsts and 28c for seconds: airy, ; store Butter, nominal; cold stor- age, 24@27c. CHEESE—New, 15@15%c; old, nominal; Young_America, 16c; Eastern, 16@1614c; West. ern, 15%@16c per 1b. EGGS Ranch, 40642%e tor mediy les; storage, 22@27c; Western Fggs, 39c _for lower and nominal; coid 22@2T%e. Deciduous and Citrus Fruits. AUCTION SALES - ANNUAL SALE Thorqughbred Yearlings NAPA STOCK FARM, h PROPERTY OF k A. B. SPRECKELS, ESQ. Consisting of sons and Candid, Sevens, Break Floriana, Bridal Veil, hemian ‘Lass, Mareceli, Straight Tip, Belguard, Folly, Atossa, Sacharissa, Piquante, Brothers and sisters to Gaviota, Sachrometer, Guida, Sevens, Katan- Alexts, Fridolin, Aluminum, Bruts, ona, Alice Cary, Oratossa, etc. daughters of Imp, Day, Neills Bell. ete. Sale will take place at Oceidental Horse Exchange, 246 THIRD STREST, Bet. Howard and Folsom, San Francisco. Tuesday Evening, Dee. 2d, 1902 Commencing at 8 o’clock. WM. G. LAYNG, Auctioneer. Catalogues ready. Horses at yard. - 40 Head of Gentle Business and Work Horses, at Stewart’s, 121 Howard St. e —_— Family Retail Market, I Butter and Eggs are as quoted last week, but Cheese is dearer, being scarce, Meats, Fish and Poultry remain about as before, There are few changes in Fruits aad Vege- tables, and they are unimportant, COAL, PER TON— Wellington ..$—@10 00/Southfleld Seattle. —@ 8 50| Wellington 0 00 Roslyn . —@ 9 00|Coos Bay. 7350 Richmond ... —@ 9 30 9 00 DAIRY PRODUCE, ETC.— Butter, cholce,sq.65@70 Ranch Eggs, per Do good. . d0ZEN . eveveus Do common. .. .50@53 | Western Eggs. Do packed, 1b}.25@27 Storage Eggs. ... Cheese, Cal. |Honey, comb, per 10 MEATS, PER POUND— 15@25 Pork Sausages.12%@13 1517 Smoked Beef... —3@ 15G—1 The San Francisco Butchers’ Protective As- sociation gives the following retail prices fos meats: Roast Beef ......10@18 Lamb Chops .... Tenderloin Steak. 15@18|Spring Lamb. if Porterhss do i1 452213 |Koast Mutton.. G124 L. 8910 Sirloin Steak..12%@15 Mutton Chops. Round Steak...10@12% |Mutton Stew. 8@10|Roast Veal..... 8@10|Veal Cutlets.. pa! Sprig, per pal: 3|Teal. per pal eon, per p Small Duck, per Dup&lr E Ducks, each. ....d0cw$1 |Doves, Geese, each....$150@2 iray Geese, each.40@50 Goslings ...$1 50@2 30| White Geese, per Pigeons, pair....40@50 pair .. . .. —@50 Brant, per pair.85@75 English Snipe, per dogen.... Common Snipe, per doz......5292 30 juabs, per pair.30@65 ls:;bhlts‘ each. 15@20 Hare, each......—@20 Mallard Ducks, per pair......$1@1 25 FRUITS AND NUTS— Imonds Lemons, Zozen. ..25@30 A dozen. . 25950 per Frean Figs, b, —@20 resh Figs, Ib.. Grapes, per Ib..3@12% “re..35@30 Grape Truit, per Raisins, per ib.. 5@13 dozen “$1@1 25 | Strawberries, per - drawer ..... Figs, per 1b—@10 40c@$1 oy i S Walnuts, per 1b..15G20 Limes, dozen....10@15 VEGETABLES— Beets, dozen ....100— Beans, white, 1b. 6@— Colored, per 1b. 5@— Dried Lima, ib.. 6@ Onilons, per Ib. Jkra, dried, 1 Potatoes, pr 1b. 1 b Cabbage, eax Celery, head. Sress, dz bunches.20@30 Sucumbers, doz..10@ Garlic Green Peas, Lettuce, per doz.15@20 Leeks, dz bnchs.15@20 Mushrooms, Ib...25@40 Fomatoes, Ib.... 4@ & FISH— Barracouta 13 Jarp . 15 15 15 per pound... 3910 wwiish .. . ° Dried Fruits, Nuts and Raisins. Previous prices rule for all descriptions, and the situation remains unchanged. The Naw York trade papers report a slow upward move- ment in Prunes, with an active demand thers for European export, but little change in prices is reported here, though the feeling s very irm., A car of Itallan Chestnuts and sellt off well at 13@i5e. S s FRU! for @13c_for Moorpar} sun_dried, i 8% @4%4c for ¢_for halves; Nectarines, 4 Plums, for pitted and c for unpitted; Figs, 3 for whit ITS -Apricots, 5G8c T @534c for white; 2%@2%c_for the four ¢ premium for the large sizes. crop are quoted as follows: 2-crown loose Musecatels, 50-1b 1b; 3-crown, Muscatels, 5e; S boxes, 5%c per c; 4-crown, Seedless looss less Suitanas, Sc; Seedless crown e ., 5% NUTS—Wainuts, No.'1, softshell, 13@13 No. 2, 10@1lc; No. 1 hardshell, 11@1134c; No. 2. 9%@10¢; Almonds, 11c for Nonpareils, 10%4@ I X L, 10@10%c for Ne Ultra and for Lenguedoc: Peanuts, 5@7c for East- =il Nuts, 13gizisc; Filberts, 13121 ; Cocoanuts, 50@5; Chestnuts, 1333Q15e. HONEY—Comb, 11%@13¢c for bright and 1lc fer light amber; water white extracted, 5%, The fruit market was exceedingly dull, as is usually the case after a holiday. Retailers were apparently well supplied and there was no inquiry for shipping: Offerings of Straw. berries were mostly green and some Malindas that cdme in on Thursday were sold at $2 per chest. Apples and Pears moved slowly and only occasiondl lots of fancy brought top prices. Stocks of citrus fruits we sufficient for all Fersimimons ang. otmer - frame waicd; Grapes, supply and inactive. . CRANBERRIES—Cape C RASPBERRIES 3507 per thes 012 PoF Dbl TRAWBERRIES—50c per drawer for Long- s orths and $3@4 Malindas. i T el Plums and lwlmmu!:rl’mp::-. APPLES—35@G50c per box for common, 809 85c for choice and $1@125 f ¥ om 011‘ $1@125 for fancy; fancy size of box. . @31 per box, according to RS—Wigter Nellis, $125@150 per bex: for PEA! other Winter e, b A o L tor e 40G85¢ per Box o crate. for otior descriptions; large T5c@$1 25. CITRUS. _Navels, $2 503 825 Pox: Seediings. 31 2501 75: - ines, 25 per 1 box; Lemone, 25 'uev;mm. mmm{an‘ for : 5 _per bunch for w-.mnn'y:n. g 66321:; light amber extracted, 3@3%%c; dark, BsicES'WAX— 142@29% per Ib. Provisions. Chicago was firm, but this market was weak and quiet. One packer, however, reported fewer hams on the market and said that he could have sold 500 more ¥ he had had them. CURED - MEATS—Bacon, 13%c per Ib tor heavy, l4c for light medium, 16¢ for light, 1ic for extra light, 18¢ for sugar-cured and 19G20c for extra sugar s -Tlerces quoted at S @S%c per ib compound and 12%c for pure; half-barrels, e T e 101D tine, 13%c: 51 tine, TR b ‘tins. ' 13%c. halt-barrel, 9% tiree 1t-barrels, 9%c; one tierce, 9%c; two tlerces, 3ac fiva tieroes. 9% per 1 Hides, Tallow, Wool and Hops. Hops continue very firm, as will be seen by the following mail report from New York: “Telegraphlc adVices from the Coast re- ported remewed. activity to business i Ore- gon and Californita, and the market firm at full quoted prices. The advices received stated _—————— Continued on Page Thirteels