The San Francisco Call. Newspaper, January 25, 1903, Page 35

P A | "l AROALS o SUMMARY OF THE o 1 MARKETS. 1 oY $6,000,000 during the wecek. 4 Stocks quiet, Oil Sto firm and Mining Stocks lower. t Stocks rather casier on the day. er a fraction up. Exchange as before. 4 t active demand and firm. Cash Bariey dull, and Futures higher. C , Corn and Rye 1 held, but quiet. low no further change. ed de €5C UNe Nuts and Dried Fruits as before. ns in ample supply and dull. ong and active everywhere. ther change in the local Mcat marke!. v much impr P { lozcly. Potatocs and Onions about as before quoted. ‘ Poultry well cleaned up. Game still in bad condiiion. Fresh Fruits still quiet and in good supply. Flour advanced 2oc per barrel. Lo Grades of Canned Salmon marked down. nstrated their disap- not sufficient public in- | pportunity for their | tors have be- basis of th to securit] more general n to be finally taken by ket emerges {rom its leth | £ doubt and confiicting | m that the country | f prosperity still ex- | extraordinary busi- actual blockades of | e dircctions, does not s feeling. it is offered as limit of capacity has been r while the tide of op- the wages continue to hopes of dividend in- inted and it is feared nies will feel con- ] earnings instead dividends to sharehold- | foreign trade outlook heavy expor of grain f gratification and give promise ar's deficlency in the export he rise of prices here is a imports. as shown by the n foreign trade by the The signing of the Panama | defines a requirement for the 080,000 in payment of the claims. The outcome tion, the prospect | and the working & situation for the > felt to be of vital importance 'he foreign exchange situat: mediate consideration and has be: factor during the past week. S eration has been given {o the Venezuelan The request by the Secretary of the | for the resubstitution of Government | r others as security for Government | posit has awakened some professions of un- s¢ by bankers, but money kas continued | into New York banking reserves | mediate pressure for credits has been | ely relieved i Qealings in_bonds have not been impor- : have fluctuated narrowly in | ocks. s registered, the old 4s and the NEW YORK STOCK LIST. Stock— Open. High. hison 2,200 on Ia .. 100 re & Oh 5 it & Ohlo prd. C dian Pacific. Canada Southern... Ches & Obio : Chicago & Alton.. Chgo & Alton pfd.. e ¥ pe. Chgo, Ind & Louts. ’ over the | £'hgo, Ind & L pfd f Caiffornia but will fall slowly | Chgo & East It Chgo & G High southerly winds may be expected In |C & G W, A C &G W, B pt o Chgo & Northwstn a moderate rise are displayed o for thirty : Southern. ped. ptd. Del & Hudson Del, Lack & West. Den & Rio Gr: Den & Rio Gr ; brisk to 1st pfd 2R G. McADIE, - 2d pta Forecast Official. | Great Nor y - Hocking Vail. | Hocking Val y Tilinois - Centr: lowa Central Iowa Central Lake Erie & LE & W pfa - EASTERN MARKETS. i the bank cading purchase, was o for | Texas & Pac ll:- Read! ng pur (4“." as g d at as 17‘-‘- St L & West 3 cence of a declining tendenc money" rates, | 5. ¢ but speculative operators w ned to oo (T, St L & W pfd.. ..... ‘ 1 . ® | Union Pacific ...... 10700 101% 5 Union Pacific pfd.. 100 94 - Wabash .. . 200 2w e £ynicate operations, e ¢ e for stock market uses. Th - | WELE .ooszoves 300 2 expansion by the banks in view of'| w & I, I 2d pfd.... ve " msns sylvania loan operation was an agree- | Wisconsin Central.. 00 20 Wis Central pfd 100 62 Express Compantes— Acams ” fluctu; American .... were the va- | United States the room traders, | Wells Fargo Reading Reading a was the unset. | Reading ng ve St Louls & § * Louisvl & Na Manhattan ERv Metropoltn St &Ry Mexican L‘en(!:l. K ifficulty in- | Mexican atidnal . nted the trad- ::‘hn & S'nl l.o'l!. ¢ has in Toeoeamias o, | Missouri - Pacthe. T T s s, ane I S0, The Venezuelan ve influence upon |Mo, K & T pfd & rep New Jersey Cént. was some dispos! to w York Cert signing of the Panama Ca- olk & Westn question Norfolk & W pfd.. rices hardened of the announced de- s that the Ontario & Western Pennsylvania vement, . & Louls Sowstn. Sotwstn ptd. The 18 at the osing was lowest sthern Raflway. o Railway Mizcellaneous— Am per . have ent operations market. com Cu: y made up of | Am C & ¥F. - 1600 tures made by thix class of operators | Am C & F prd . ance. which represent | Am Linseed Oil.... 100 ence that Am Linseed Oil pfd. I as any actual - Am 5 & R Am S & R pid trend of of dealings has progres ~y - Anzconda Min Co.. 100 96 Sow 1 O Sbe Yoo | Biiyn Rap Trans.. 2500 €7% t 1o the stock market, | BXIVE TaP TIERS-- bid , g0 distriv- | SN Fuel & 1 3 heiders disin- | CoB, Gae .- ¢ present prices, or at the e attempt to sell would re- ucteation from day to Gen Eleetric Hocking Coal International Paper. ? the market. At | Ine Paper pfd 3 on the floor or | Int Power ¥ the develop- | Laclede Gas s reports and en- t these will have h rs of securities | No American for securities | Pacific Coast times of | Pacific Mail nabied to realize | People's Gas . of the move- | Pressed Steel Car markets, when | Pres Steel Car pfd idle, there is | Pullman Pal Cai to do but to | Republic Steel Repub Steel prd | Sugar . Ten Coal UB&PCo. ' B & P Co Cational Biscuit ... tional Lead gnar re botk t of frequent and fficient explana- | e previ. was found present market e week's down tered buying or. . either for the prd..".. pose of P aumulation condition m Loco pfd . ¢ Southern. from C So prd. lock lsland . ock Island pfd icrs for purposes of realiz- | Total sales.......197,400 shares. y of the markgt is thus main. y be the'advantage from al standpoint of the sta- UNITED RAILROADS OF SAN FRANCISCO. NEW YORK, Jan. 24.—Curb quotations of, is the death of specula- | United Railroads of San Francisco: Bonds, ment the first of the year | 80% bld, 81% asked: subscriptions, 49 bid, ¢ hands of the larger class | 49% asked, | erately | reduced to a bare $4,000,000. | ticipated. however, | 1s probable now. | erop, 23@25c; olds, $@12%c. ——————— NANCIAL . CLOSING BONDS. U § refunding 2s, Rock Island 4s... 86% registered 109 L & Nash uni 4s.100° @ coup . 100 'hex Cent 4s. 6 do 35 reg. 107 | do 1st inc. 25 do coup . 108 - Minn & St L da. 10#& o new 4s r1eg. 4% Mo Kan & Tex 4s. 99 do coup . 6151 do 2ds .... Siig do old 4s reg...110 N Y Cent g i4s.105 o coup . 110 N J Cent g 0s....133% do Bs reg. 103 INorth Pac 4s.....103% do coup . 104% do 3s .. 7213 Atchison gen 4s..1021% Norf & W 101 h|lu ady 4s. . 9243 'Reading gen 4s. 07 alt & Ohlo 45...102% Rt L & 1 M ¢ 5s..115 do Bl .. 04 BtL & SFds.... 04% wo cOny ds 10415 £t L SW 1t 8615 Can South s. 10851 do 24s 82 Cent of Ga bs 109 6 A & Ar BG4 do 1st inc. 7 Fouth Pac 4s.... 91% Ches & Ohio 414s.10614 South Ry bs. Chi & Alt 3 81y Tex & Pac 1 CB&Q new ds.. 941, Tol St L & W 4 C M & S5t P g 45.110% Union Pac 4s (z & NW con 7 5 | do conv 4. C RI& Pac 4s..107%4 Wabash 1sts . CCC&StL g 45.101%,| dd 2ds Chi Term 4s. 85 | do deb Colo & South 9414 'West Shore 4s Den & I'G 4s Erie prior len do gen 4s. ! Con Tob 4s FtwWapc AUBCF &I Hocking Val 4165.10813 NEW YORK MINING STOCKS. 3 o5 Wheel & L E 4s. Wis Cent 4s... o Adams Con .+ 20/ Little Chtet . 09 i‘\uc:c 25 Ontario 5 00 ireece 0| Ophl 160 Brunswick Con. .. 07| I hoontz oS Comstock Tunnel. 0 Potost Con Cal & Va. Horn Sliver 1 00| Savage .o « 1 80! Sierra Nevada. Iron Stiver 70| Small Hoy Leaaville C 08l Standard os BOSTON. STOCKS AND BON. Money— Do ptd . Call loans Mining— Time loans ¢ 'Adventure . Bonas— Allouez ..."! 4% Atchison 4s Amalgamated 631 Gas 1sts . 1061, Daly West .. 89 Railroads— Bingham 331 Atchison Calumet & Hecla.525 | Do pra Centennial Boston & Albany Copper Rang Boston & Maine.190 [Dominion Coal. Boston Elevated. Franklin ... NYNH&H 1<le Rovale Fitchburg prd Mohawk . Unlon Pacific Old Dominfon 18 Miscellaneous— |Osceola, ... . o1 American Sugar. ¢{Santa Fe Copper. 2% Do ptd e amarack Amer Tel & Tel.162 |Trimountain . Dom 1 & Steel... 55 +Trinity Mass Electric.... 851 (United States ... 20 Do pfd .. 417 |Utah ... [ Inited Fruit ...109 [Victoria 7 U S Steel 3615 LONDON CLOSING STOCKS, Con for money.93 5-16 Norfolk & West. Con for account.93% Do pfd . g Apaconda . Ontario & West. Atchison 8915 Pennsylvania 9% LIVERPOOL. Do prd 102" |Reading Wheat— March, May Balt & Ohio ....103% | Do lst pfd Opesifi- . 68 v Canadian Pacific.1393, | Do 2d pfd Closing i 8313 Chesap & Ohtc:.. 8314 Bouthern Ry Chicago G 28% Do pfd ... b Chi Mil & St P..1821s Southern Pacific ‘0“':"' Jan. May-Aug. Denver & R G.. 41 |Union Pacific . Cf”l‘ g« 2355 Do ptd D014 Do pfd . i BT 2535 Erle ... 0% U 8§ Steel Flour— Do 1st pfd . Do pfd . Opening 80 50 Do 24 prd 3 Wabash .. Closing 30 90 {lllnbls Central. ;32143 [‘]K:l pfd . {‘ Louls & ash 305 | Rands 1T i e | Eastern Livestock Market. N Y Central 5314 | Bar silver, steady, 21%d per ounce. Money, CHICAGO. 2G23% per cent. The rate of discount in the | CHICAGO, Jan. 24.—CATTLE—Recelpts, Gpea market for short bills is 3% per cent |700; nominal. Good to prime steers, $150G and for three months' bills is 33 per cent. Associated Banks' Statement. NEW YORK. Jan. 24.—The weekly state- Shi, E e Ty | Wheat, bushels ... 6,000 | Corn, bushels 114,000 ! | Oats, bushels . 178,000 Rye, bushels 1,000 | Bariey, bushels ', 11,000 ment of averages of the Associated Banks 48,100; increase, $4,394,000. 00; increase, $11,700.200. 14,400; decrease, 55,600, Legal tenders, 448,000; increase, §194,300. Specie, §1 0,000; increasz, $8,928,600. Re- serve, $254,619,000: increasc, $9,122,900. Re- serve required, $226,203,025. increase, $2.9: 050. Surplus, §26,414,975, increase, $3,197,550. | x-United s deposits, $36,458,250; in- | crease, §6,188,550. The Financier this week says: The Now York clearing-house banks 1 continue to draw_funds from the interior and from the Sub-Treasury, the otficlal statement of Janu- ary 24 showing that $9,122,900 in cash had been added to the reserves during the six pre- vious business days. A rise of eleven and three-quarters mililons in deposits minimized the effect of this continued flood of money to | extent, but the surplus reserve expanded | S5y, making the total excess above the legal requirements $26,414,975, which i= a mii- lion dollars above the record of & year ago. The statement Is about as expected, as far as the expansion in cash is concerned, and the addition of $4.394,000 In loans reflects mod- the activity of the season and the aking of new commitments since money has llen to a lower level. Thy increase in de- pesits Is hardly as large as the foregoing operations would indicate and the statement is not In harmony. Between January last and January 24. a period of three weeks, the banks have added a little over $26,000,000 (v their reserves, deposits have increased approx mately $37.500,000, while loans are nearly §: 000,000 larger. Deposits, in fact, are now heavier than at any time since ptember last, as are the loans of the banks. At the same time it Is to be noted that the cash reserve is now in excess of that of any previous week | since March 8, 1902, when the total deposits of the banks were above one billion dollars and the excess reserve was less than $4,000,000 The improved ‘Bondition of the banks could not more appropriately illustrated. Still it s also worthy of recall that the deposits of the | clearing-house banks, whichr at this year ago were but thirty-seven millions in ex- cess of the present total, rose steadily until on March 1 they stood at $1,017,000,000, when the surplus reserve of $25000,000 had been It is not a that any such expansi National bank note circul tior. s still declining with the prospect of steady shrinkage for several months at least. Exports and Imports. NEW YORK, Jan. 24.—Exports of gold from New York for the week were $5620 and of time a | silver $886,956. The imports of specle this week were §27,- 824 gold and $3350 silver. The week's imports of dry goods and mer- chandise at the port of New York were valued | &t $9,301,165. * * New York Grain and Produce. * % NEW YORK, Jan, 24 —FLOUR—Recelpts, 13,584 barrels; exports, 11,000 barrel Firm and unchanged. Winter patents, $3 65@4: win- ter stralghts, $3 50@3 €5; Minnesota patents, $4 15@4 85; winter extras, $2 80@3 10; Min- nesota bakers, $3 25@3 40; winter low grades, B " HEAT—Receipts, 86,450 bushels; 5 94,000 bushels, Spoi, fitm: No. 3 red ns ¢levator; No. 2 red, Si%c £, o, b, afloat; No. 1 Northern Duluth, 90%c f. o, b. afloat; No. 1 hard Manitoba, H1%c f. o, b, Options were active and generally stronger on re. newed heavy Eastern buying. ratns in South. orn_Argentina, heavier French cables. attend- ed by buying orders, and active local cover- ing. The market closed stronger on the 5“”11'{2‘%'3@ wl(Y: prlce:] K@%e net higher, ay. 8770, closed 7 3 5 g ,seoq*:n te; July, 79 13-16 o tate, common to cholce, 1 crop. 30@E7c: 1901 crop 24@26c; olds, 'S’.? 12%c: Pacific Coast, 1002 crop, 2@32¢; 1001 HIDES—Steady: Cailfornia, 19c. X WOOLFirm: domestic fléece, 20@32c. COFFEE—Spot Rio, quiet; No. 7 involce, 53%c: mild, quiet; Cordova 7@11%ec. Futures closed steady with prices net unchanged to 5 points lower: sales, 10,000 bags, including: February, March., 4.30c: May, 4.50c; September, 4.80c; November, 4.05c. Raw. 'stcady; fair refining, 3 5-16e; centrifugal, 96 test, 3 13-16c; molasses sugar, 8 13-16c. Refiucd, dull; No. 6, 4.35c: N 4.30c; No. 8. 4.25c; No. 9. 4.20c} No. 10, No. 11, 4.10¢c; No. 12. 4.05¢c; No. 13, 4.00c: No. 14, 3.90c; confectioners’ A, 4.60c; mold A. 5.00c; cut loaf, 5.35¢; crushed, 5.35c; pow- dered, 4.85c; granulated, 4.75¢; cubes, ieon DRIED FRUITS, EVAPORATED APPLES—Shows mno im- provements in demand, but prices are steadlly malintained. Common, 4@5c: prime, 5% @5%c, cholce, 5% @G%c: fancy, 7@Se. SPOT PRUNES—Are falrly_held. notwith. standing a quiet _dema wi u Taneing trom BRO7ILe Tor el Erades cations APRICOTS—Are attracting some export de- mand, but are otherwise quiet af boxes and TH@10: in bags 'O;IACHE—M'MOGHH at and 63 @8%c for unpeeled. l Chicago Grain and Produce. CHICAGO, Jan. 24.—Wheat opened nquiet, compared with the activity manifested of late, ond for a time the outlook was for & sharp Gecline, but the confidence of the longs was restored and a good advunce was made. | ceipts, " 168. $3 8506 85; Texas and Westerns, and heifers, $2 | IE ana stage, §2 509 | 50. HOGS—Receipts, 4108. Light and_light mixed, $6 6046 76: medium and h 6 G50 6 85; pigs, §5 506 30; bulk of sale 0g 1 | quiet and firm; winter patents, $3 70G3 80: $3 80@3 60; spring patents, og 0@ | There was continued buyinz by the leading long, who was helped materially by the de- cided bullish reports from France and an ad- vance equal to over lc at Puris. May orened unchanged to 23c higher at 81%ec to S1%e, but seon declined to S0%c. Buying bscame | quite active at the lower figure and a steady | advance was made late In the sesslon, over- | ing by shorts carrying the price up to 82%c. During the last half-hour there was a large amount of liquidation and a reaction set in, the close being steady, with Way %@I¢ higher at_s2@s2ige. Corn ruled firm, the strength in wheat being the main support. Local traders were all actively bulling the market. The close was firm, May %@%c up at 44%@idc. Osts were firm In sympathy with wheat. The close was steady, with May %c higher At 86% @36%c. Provisions were rather dull, but a strong feeling prevailed. Lighter receipts of hogs and a firmer market at the yard were early bull factors. The close was firm, with May pork up TY%ec, lard 5c higher and ribs 5@7%4c up. The leading futures ranged as follows: Articles— Open. High. Low. Close, ‘Wheat No. 2— January 7% 8% T % May .... 81% 82% 817 8214 July .... W%, B TR BR R T rAbE 4834 6 anuary 4 May . ae amy e 18% July . 43 4% 43 3% Oats No. 2— January R O L T 3414 May . 36, aRiL 263, 3e% July 11 32% 328 32y gos Mcas Pork, per barrel— January 02 1920 1900 18 08 May . 6871 16 92% 1685 16 90 Lard, 100 pounds— 10 20 10 26 10 20 10 25 9621 DU D62Y% 065 X 942l 948 9 a2if 945 Short Ribs, per 100 pounds— January b gk May . 925 9 30 925 Ed mé i July | 1910 912% 910 § 1243 | Cash quotations were na follows: Fiour, alghts, §3 10§3 50; bakers’, 5@ 3 7;"1"3?3;"’ % -m;; No. 8, 7279c; , 7674 c; No. 2 corn, 46 o; No. 2 yeilow, 46%@47c; No. 2 oau.%auge: No. § white, 3414G36c: No. 2 rye, 50%c; good feeding barley, 46@483c; fair to choice malt- ing, 40@06c; No. 1 flax seed, $1 19; No. 1 Northwestern, $1 24; prime timothy seed, $4; mess pork, per barrel, $17@17 50; lard, 100 pounds, $10 20@10'25; short ribs sldes (loose), §9 121,@9 26; dry salted shoulders (boxed), 38 2“'5 50; short clear sides (boxed), $0 D0G9 75; whisky, basls of high wines, §1 30; clover, contract grade. $11 0. Articles— roduce Exchange to-day the Butte: market was dull and_weak: @24%c; dairles, 17@23c. Cheese, dull, 13@14c. — On the ‘ Foreign Futures. -———-———> 5 85; poor to medium, $3 25@+4 60; stockers and feeders, $225@4060; cows and heifers, $140Q 47 canners, §1 40@250; bulls, $2G4 40; calves, $3@7 50; Texas-fed steers, $3 205G+ 60. HOGS—Receipts: To-day, 14,000; Monday, 40,000 estimated; left over, 3500; 5 to 10¢ high- closed with advance lost. Mixed and | butchers, 35@6 60; good to choice heavy, $6 75G6 971 rough heavy, $645@6 70; light, $5@6 40; bulk of sales. $6 CO@S 63. SHEEP—Receipts, 0§000. Good to- cholce, 40@4 26; fair to cholce mixed, $3 26@+ 40 § Western sheep, $3 50@5; native lambs, 6 25; Western lambs, $4 50@6 10. s 8T. JOSEPH. ST. JOSEPH, Mo., Jan. 24.—CATTLE—Re- New York Metal Market. NEW YORK, Jan. 24.—The aggregate of ‘transactions reached to-day in the leading metals was light. Yesterday's advance in cop- per in London falled to stimulate activity | here, but the market is firm at unchangedl | prices. Standard is quoted at 11.87%4c: lake, | 1 4@12.62'%¢ electrolytic, 2.30@12.50¢; ng, 12.20@12.35e, Tin was also firm; spot, 28.50G2S. 55}. | Lead and spelter were guiet, the former at | 4%c and spelter at 4.90@5.00c. Iron shows an advance in some grades as follow No. 1 foundry Nrrthern, $23 50@ | 24 50; No. 2 foundry Northern, $22@22 50: No, | 1 foundry Southern, $23 50G21 50, and No. 1 Southern " soft, $23 50624 50 New York Cotton Market. NEW YORK, Jan. 24.—Cotton futures closed easy, 1 to 4 polnts lower. London Wool Sales. LONDON, Jan. 24.—At the wool auction | sales to-day 15,161 bales wece offered, includ- ing a large selection of superior stock. The attendance was large and ihe demand keen | from all sections ored ivere in brisk de- mand and medium pleces were taken by the French_representatives. Mer nos in good sup. ply. There was & spirited lomand for cross- breds. Northern Wheat Market. OREGON. PORTLAND, Jan. 24.—Wkrat—Walla Wal- 1a, 75¢c; Bluestem, 86c; Valle#, 7sc, WASHINGTON, TACOMA, Jan, 24.—W| Bluestem, 87c; Club, 76%c. Northern Business. D PORTLAND, Jan. 24.—Clearings, $386,308; balances, $02,360. SPOKANE, Jan. 24.—Clearings, $241,000; balances, $79,982. TACOMA, Jan. 24.—Clearings, $299,485: bal- ances, $40,000. SEATTLD, Wash., Jan. 24.—Clearings, $620,645; balances, $130,613. Foreign Markets. LONDON, Jan. 24.—Consols, 93 5-16@03%; sflver, 21%d; French rentes, 100f 21, on paseage, nominal and urchavged; cargoes Walla Walla, 30s 6d; English country markets, : tmport into U. K., wheat, 304.000 bush- import _into U. K..'flour, 197,000 barrels: fan shipments wheat to U. K., 9000 bush- els; Indian shipments wheat to Contirent, none. LIVERPOOL, Jan. 24.—Wheat, firm; No. 1 standard California, 6s 103,d@6s 11d: wheat in Paris, barely otcady; flonr in Paris, barely rteady, French country markets, firm; weath- er in Ingland, unsettled, ! | higher; COTTON—Uplands, 4.784. s g *. Exehange and Bullion. Sterling Exchange, 00 days — 4843 Sterjing Exchanes. sich D= Tast Sterling Cables . — 488 New &l 12 New York Exchange, telegraphlc. — 15 Eilver, per ounce . — Mexican Dollars, nominal @39 Wheat and Other Grains. hEAT—n ‘market closed the week very strong, with a continued brisk demand for cash Wheat and higher futures. The Chica- 8o letter of Bolton, De Ruyter & Co. sald: “'Broomball estimates world's shipments Mon- day mnext at 6,500,000 bushel and he also predicts a moderate decrease in the quantity of breadstuffs on passage. Private cable from Chlle rts wheat crop just harvested is but a lerate one and farmers are not offering. France was reported buying wheat in the Southwest. There was also a brisk de- mand for forelgn account reported from St. Louls. Wheat had ruled strong and higher throughout the session. The principal buying from S1@82c was by the sellers of yesterday, Who were afrald the bull interest had started to unload. Commission houses were con- spicuous on both sides of the market. After rallving to R2Me Valentine had a wood deal {and firmer. THE SAN FRANCISCO CALL, SUNDAY, JANUARY 25, 1903 of wheat for sale, evidently having a desire to check the market. The demand during the last half hour was good and but for the offer- ings of the bull leader a very sharp advance in all probability would have taken place. Our private information from Argentina and the Continent is of a very bullish nature. We Believe money can be made buying wheat on the good breaks for some time to come. CASH WHEAT. No. 1, ), rdi; to location; e ERRE R 18 o TR FUTURES. Session 9 to 11:30 a. m. . T U sl s Decemver :%1 20 1 2t 1 Hh 83 BARLEY—Buyers were bearish and tried to get cash grain at a decline, but without much success, as holders were little disposed to glve concessions, especially as futures were higher. There were no sales worthy of note. CASH BARLEY. Feed, $115@1 17%; Brewing and Shipping grades, §1 20; Chevalier, $1 556@1 60 for fair t0 cholce, FUTURES. Session 9 to 11:30 a. m. Open. High. Low. Close, May $115 8116 $1 14% $116 No“sales. OATS—Samples meet with little attention, but the market shows no weaknes: White, §1 27%@1 35; Black, $1 2061 25 for feed and §1 25@1 30 for seed; Re 20@1 30 for common to choice and '$1 32%@1 35 for fancy: Gray, $1 25@1 27% per ctl, CORN—Is still coming in freely from the Fast and offeringd are larger, but the mar- ket rules steady at previous prices. The Chicago_letter of Bolton, De Ruyter & Co. says: “The market has ruled firm, but on the whole trade has not been large. The strength in wheat had a good effect on the market, the manipulation at one time selling through 46c. Shipping sales were reported at 100,000 bushels. The car situation of course makes it difficult to do business with th Kast. Samples were steady at 4 shade better than yesterday's prices. The short Interest, which we belleve to be very large, appears to be growing more or less. We would mot be urprised to see a sharp rally in May corn any time.” Western (sacked) $1 22%4@1 25 for Yellow, $1,224G1 25 for White and $1 2401 28 tor mixed; California, large Yellow $1 40@1 48: smali rouad do, "$1 50@1 60; White. $1 30@ 135; Egyptian, $1 20@1 30 for White and $1 20 for Brown, RYE—$1 12%@1 15 per ctl. The market shows no new feature, B‘l:!CKWBEAT-NomlnAI at $1 76@2 10 per cental, Flour and Millstuffs. All local brands of Flour have been ad- vanced 20c per barrel, FLOUR—California_Family Extras, $4 40@ 4 65, usual terms; Bakers' Extras, $1 30@4 40; Oregon and Washington, $3 50@3 75 per bbl for-family and $3 50G4 for Bakers’, MILLSTUFFS—Prices in packages are as follows: Graham Flour, $3 50 per 100 Ibs Rye Flour, $3 26; Rye Meal, $3; Rice Flour, ze 4C2°§n ge-lbsa zsa:, ags extra e do, ; Oat Groats, ;. Hominy, 250 4 00; Buckwheat Flour, $4 50@4 75. Wheat, $4; Farina, $4 $3 75; ‘Rolied Oats, barrels, $7 85@9; in sacks, 30 55@8 00; Pearl Barley, $6; Split Peas, boxes, $6 50; Green Peas, $5 per 100 lbs. Hay and Feedstuffs. Bran and Middlings are quoted firm, owing to light stocks. receipts, and prices show no change, BRAN—$18 50G19 per ton. MIDDLINGS—$22 50624 50 per ton. FEEDSTUFFS—Rolled Barley, $25626 per ton; Oilcake Meal at the mill, $25G26; Jobbing, $26 5O@2T; Cocoanut Cake, $21G22: Corn Meal, Cracked Corn, $30 50@3i 50; Mixed Feed. $20g21; Cottonseeq Meal, $26 50. HAY—Wheat, §12 50@14, with sales of ex- | tra_fine at $i4 50; Wheat anq Oat, $12@ 13 50; Red and Black Oat, $11@12 50; Wid Oat, $10G11; Barley, $10@11; Stock, $8 50 t»nd; Alfalfa, $9G11'60; Clover, $5G9 50 per on, STRAW—380@62%c per bale, Beans and Seeds. All descriptions under this head remain as before quoted. Beans, Mustard and Cgnary Seed rule firm, and the two latter ars now scarce in this market. o2 BEANS—Bayos, $2 80§3; Pea, $3 £0@3 75; small White, §3 25@3 40; large White, $3 209 3 35, Pink, $2 50@2 75: Red. $3: Lima, $4 3 4.35; Red Kidneys, $4 75Gp: Blackeye, $3 @4 per ctl, SEEDS—Brown Mustard, $3 25@3 50; Yellow Mustard, $3; Flax, $2 50G3; Canary, 6c for Eastern! Alfalfa, '9@12%c; 'Rape, Timothy, 6c; Hemp, 3%@3%ec per Ib; Corn Seed, §12@15 per ton. DRIED PEAS—Niles, $2 50; Green, §1 i5@ 2 25 per cth Y Broom Potatoes, Onions and Vegetables. The loral demand for fine table Potatoes continued steady and prices were well sustain- ed. Recelpts of river Potatoes are light and there is less disposition to force sales of cheap stock. any increase in the receipts. Seed and Sweet Potatoes were unchanged. Onions were in free supply with the market weak for the common run_of offerings. String and Wax Beans from Los Angeles were in light receipt Peas and Tomatoes were offering freely and the latter had a sharp decline. other vegetables were in free supply and un- | changed. POTATOES—Burbanks from the river, 307 Ofic per ctl: Salinas Burbanks, 90c@$1 10 per ctl: Oregon do, 75c@$1; Yakima do, 90c @$1: River Reds 40c per ctl; Early Rose, for seed, $1 15@1 25 per ctl; Garnet Chiles from Oregon, $1 per ctl: Swéet Potatoes from Merced, jobbing at $1 30@1 €0 per ctl. ONIONS—68G75c per ctl for choice _and fancy and 40@60c for lower grades; Green Onions, 50@60c per box. VEGETABLES—Green Peas, 4@fc per 1h: String_Beans, 12%@15c; Wax,' 12%@15c; Cab- bage, b@85c per ctl; Hothouse Cucumbers. $1_per dozen for small and $1 50 for large: Tomatoes from Los ‘Angeles, $1 50@2 per crate and $1 25@1 50 per box; Garlic, 2%a@3c per Ib; Green Peppers from Los’ Angeles, 5@7c per Ib; Dried Peppers, 7se per 1b for 'Stockton and 9@l0c fer Los Egg Plant from Los Angeles, —— Dried Okra, 15@20c per 1b: Summer Squash from Los Angeles, $1 251 50 per box; Marrowfat Squash, $12@15 per ton; Hubbard, §10g12; Mushrooms, 10@25¢ per Ib, Poultry and Game. As usual on Saturday there was very little Poultry on the market and all quotations were unchanged. mand this week from the Chinese for the New Year holidays and unless the rccefpts are unusually_large prices will probably be maintained. There was very little inquiry yesterday for dressed Turkeys and prices were lower. Only a few cases came in, Game came to hand more or loss tainted, ow. ing to the clase weather, and dealers ‘wero obliged to cut prices in order to force rales. Larg> quantities were cleaned up below the quotations, POULTRY—Dressed Turkeys, 18G20c; Ifv Turkeys, 17@18c_per Ib for Gobblers and 17 18c for Hens: Geese, per pair, $2G2 20: Go: lings. $2@2 25; Dacks, $O@6 per dozen for old and 7 for young: Hens, $6@5 50; young Roosters, m;; old Roosters, $5@ tlHu; Frge.r,-‘. $4 00, Bmllelr‘l. Pt:i D@4 tor large an S0@3 jor smal Iy U 155 per dozen for old and $563 50 for Squibe GAME—Doves, $1 per doze: ottontail Canvasback, $3@4: Sprig, $1 50§2; Teal @1 25; Widgeon, $1@1 25: small Ducks, {50 $1; Gray Geese. §1 White Geese, 75cd $1; Brant, $1 50 for large and 73c¢ for small; Honkerl,stfi 50@4 50; English Snipe, $3; com- mon, §1 Butter, Cheese and Eggs. Butter is firm and very well cleaned up for this time of the year. Los Angeles is taking everything in sight below Salinas, which cuts down the supply for this market just so much and makes things very firm here. Sales are at top quotations a rule and it is no longer difficult to disvose of the goods. ‘There is no change in Cheese, dealers quot- tg o quise and easy market e decline In Eggs continues and dealers are now selling a good Many ranch under Even with this reduction stocks are not cleaning up, as the soft, wet weather Is favorable to increased production. Another car came In from the West yesterday. Receipts were 26,000 Ibs Butter, 079 cases Eggs and 4600 1bs Cheese, B —Creamery, first hands, 30@31¢ r 1b for fancy and 20c for firsts; dairy, ; store Butter, 4 146 ToF falr 49; Young Americe yoe: Bae an 3 g - em, 17@17%c; Western, 161@17c per Ib, T o o e S s ol orate Western Eaws, dec 1 RO Deciduous and Citrus Fruits. The wet weather, together with the limited consumptive demand, continued to operate against the sale of Oranges and other citrus fruits. Prices stood about the same, but large buyers could have supplied their wants at liberal concessions. A few days of warm, nny weather Would work a great benefit to market. Five or six cars of Oranges will be_auctioned to-marrow. There was a fair movement in fancy Winter i o i Aopien wees Gnchanaed z % e ;:a rather Gull. There was a better demand or Bananas, but supplies were too large to Cracked | ; Whole Wheat Flour, | Hay is steady with moderate | 114 @2%¢; | The market, however, could not stand | The | D3 Carrots, 35G@10c per sk; | Dealers anticipate a good de- | permit any advance in prices. Three cars came in 0 New Orleans, but were not APPLES- 50565 per. bos_tor common, 75¢ x @$1 for choice and $i 25@1 75 for fancy. PEARS—Winter Nellis. §1 502 per box: other Winter Pears, 40@75¢c. CITRUS FRUIT—Navel 32@2 25 per box for fancy, $1 50@1 75 for_choice and 75¢ @81 25 for standards; Sestilings, 75c@$1 25; Tan- gerines, $1 50@2 for half boxes and 75c@$1 25 for small boxes; Lemons, T5c@S$1 for standards, $1 25@1 50 for choice and $2@2 50 for faney: Grape Fruit, $2 for fancy seedless and ner for lower les; Mexican Limes, $3 50 @4; Banana: 50@2 50 per bunch for New Orleans and 75c@$1 50 for Hawalian; Pineap- ples, $2@3 per dozen. Dried Fruits, Nuts and Raisins. Raisins are firm at the recent advance in seeded stock. There Is no change in Fruits and Nuts. The steamer Newport took out for France 158,230 Ibs Prumes, valued at $10,- 1 e nUITS _Apricots. su;h foe Beraia ‘-..m: 8%@13c for Moorparks; Evapora pple: *co: sun-dried, 3l@4c; Feaches, 43G7%c; ears, 314@4%c fo: flll‘l{:fl?"ll'd u'fl..lgl: “: B or pitied and auv.e for unpitted; Figs, @0 for black na for white. RUNES—1902 crop, 2%@2%c for ths four sizes, with %@1%c premium for the large & izes. RAISINS—1902 crop are quoted as foliows: | 2-crown loose Muscatels, 50-ib boxes, Gigc per | ib; 8-crown, B%c; 4-crown, 6c; Seedless, loose Muscatels, 5c; Seedless Sultanas, Sc; Seedless | Thompsors, Sike; 2-crown London Layers, 20- | 1b boxes, $140 per box; 3-crown, $150; 4- | crown fancy clusters, 20-Ib boxes, $2; S-crown | Dehesas, , 20-Ib boxes, $2 50; 6-crown Impe- rial¥, 20-1b boxes, ?“ See?::ll. (.7:; b. Freeno, | fancy, 1-1b cartons, choice, Ti4e. NUrs—Wainuts, = No. 1. softshell, 12%9 183c; No. 2. 10@11c: No. 1 hardshell, 11@113c: No. 2, 9%@10c; Almonds, 1lc for Nonpareils, 10%@11c for I X L, 10@10%c for Ne Plus Ul- | tra and 8@8%c for La : Peanuts, 5@7c | for Eastern; Brazil Nuts, 12@13c; Fiiberts, 12@12%c; Pecans, 11@13c; Cocoanuts, $4 50 @5; Italian Chestnuts, 8}4@: rrr b, HONEY—Comb, 12§13} for b gu, 11%e for light amber and 10c for dark; Water white extracted, 6@7%c: light amber extracted, 5% @GOc; dark, 4@4%c. BEESWAX—21@29% per Ib. Provisions. The easy feeling in Hams and Bacon con- tinues and the trade report the inquiry light, with ample stocks on hand. The Chicago let- ter of Bolton, De Ruyter & Co. says: “‘Market ranged somewhat higher, influenced by the firmer tone to the Hog market. Commission houses were rather aggressive buyers of May Ribs. The selling was by brokers who usually mct for Swift. The Cudahys, from all ap- pearances, are on both sides of the market. We are inclined to the opinion that Provisions sold on the hard spots can be bought back | cheaper.”™ | CURED MEATS—Bacon 12c per Ib fon 12%c for light medium, 14@14%c for 16@15%e for extra light, 16@16%c for cured and 17@17%c for extra sugar Eastern sugar cured Hams, ldc; Cali- | heavy, | hght sug: cure | fornia Hams, 12'4@13}c; Mess Beef, $10 per | bbl; extra Mess, §11; Family, $12; prime Mess | Pork, $15@15 50; extra clear, $26; Mess $18; | Dry Salted Pork, 12c; Pig Pork, $28; Plgs’ Feet, $5; Smoked Beef, 15¢ per 1b. LARD—Tierces quoted at Sc per Ib for com- | pound and 12c for pure; half barrels, pure, 12%e; 10-1b tns, 12%c; 5.1b uns, 12%0; 3-15 i 3 r;JOTTOLENE One half-barrel, 10%e; | three half-barrels, 10c; one tlerce, 9%c; two | tierces, 9%c; five tierces, 9%c per Ib, Hides, Tallow, Wool and Hops. The Hop market continues to show great strength, with buyers more than willing to meet growers and the latter offish and in- different. All sales are at full figures. HIDES AND SKINS—Culls and brands sell about 14c under guotations. Heavy Saltea Steers, 1lc; medium, 10c; light, D Hides, 9c for heavy and 8%ec for light; Te; Salted Kip, 8%c: Salted Veal, 1 10%c; Dry Hides, 1T@17%ec: Culls, I dry Kip, ldc; dry Calf, 19c: Culls. 17 Sheepskins, shearlings, 25@30c each; short wool, eacl medium, 650 90c; long wool, 90c@$1 50 each: Horse Hides, eaflt, $3 for = la and $2'50 for me- dium, $1@2 for small, and 50c for Colts; Horse | Hides, dry, $1 75 for . $1 50 for medium, | §1G125 for small and for Colts. Buck | Ekins—Dry Mexican, 82%c; dry Salted Mexi- can, 26¢; dry Central American, 82%c. Goat | Skins—Prime Angoras, i5¢c; large and smooth, | 50c; medium, 35c. | _TALLOW-—-No. 1 rendered, 5%@6c per Ib, No. 2 4%i@Sc: srease, 3gde. | 1o COL—Spring—Valiey Oregon, Lambs, 150 16¢ . | F-chp—s-n Joaquin and Southern, 7@10c per 1b; do Lambs, 8@10c; Nerthern, defective, $@G10c_per 1b; Humboldt and M 129 15¢; Middle County, 9@11c per Ib. HOPE—2414@26%c per Ib. San Francisco Meat Market. | There s no further change to report. Hogs ! rule firm, with light arrivals, DRESSED MEATS. | Wholesale rates from slaughterers to dsalers | are as_follows: BEEF—7@1T%e for Steers and 8@6%4c per Ib for Cows. VEAL-—Large, 8@fc; small, 9g10c per Ib. MUTTON—Wethers, $4@9¢c; small Wethers, Ewes, 8GSlec_per Ib. LAMB—Spring, 15c:, yearlings, 10@10%c per und. WPORK—DruIed Hogs, 812@9%c per Ib. LIVESTOCK MARKET. i juotations are ror good, soun: Ll‘\x/'::lo'col:‘ow ns'e:!d in San an;llfl. less Bg | per cent shirinkage for Cattlex CATTLE—Steers, 81,@fc; Cows and Heifers, 7@7%c; thin Cows, 4@c per Ib. CALVES—4@b%c per 1b (gross weight). SHEEP—Wethers, 4@4%4c: Ewes, 314@3%c per Ib (gross welght). LAMBS—Yearlings, 414@4%c per Ib. HOGS—Live Hogs, 160 1bs and up, 64%@ under 160 1bs, 6%@6%c; feeders, 6@6i.c; per cent off; boars, 50 per cent off, and stags, 40 per cent Gff from above quota- tions. General Merchandise~ BAGS—Graln Bags, 5%@0%c for June-July delivery; San Quentin, 5.55c; Wool Bags, i2g 38c; Fleece Twine, T%@Se. COAL—Wellington, $8 per ton; Southfield Wellington. $S: Seattle. $6 50: Bryant, $6 50; Roslyn, $7; Coos Bay, $5 50; Greta, §7; Walls- end, $6 80: Co-operative Wallsend, $6 50; ;. Cumberland, $12 in bulk and ‘Pennsylvania Anthracite ?x. 312 7" Weish Anthracite Egs. $13; 1t Lump, $11 50; Cannel, $9 per : Coke, $15 per ton in bulk and $17 in sacks; Rocky Mou: 'AUCTION SALES EDWARD S. SPEAR & CO., ° AUCTIONEERS. 31 AND 33 SUTTER STREET. Telephone Main 5181 CASH paid for Furniture, Carpets, Desks and Merchandise, to parties not wishing to wait for Auction Returns. - FURNITURE BUYERS TAKE NOTICE! We are instructed by MRS. C. MILLER, pro- prietor of the HOTEL MANSFIELD, 212 POST STREET, To SELL BY AUCTION on MONDAY and TUESDAY, Jan. 26 and 27, 1903, Commencing each day at 11 o'clock a. m.. The ELEGANT FURNITURE of SIXTY ROOMS, Conisting of 60 _BEDROOM SETS., SPRING and HAIR MATTRESSES, 60 pairs FEATHER PILLOWS, 100 pairs BLANKETS, 100 COMFORTERS and SPREADS, 60 GILT MANTEL and PIER MIRRORS, ELEGANT PARLOR UPHOL- STERY, 60 MIRROR FRONT WARDROBI “-A-BRAC_AND CLOC ETC. EDWARD S§. SPEAR & CO., AUCTIONEBRS. ‘Telephone Main 5181. Y ) o AUCTION SALEOF 49 Head High Class Standare-Bred Palo Alto Two-Year-Dids TO BE SOLD JANUARY 29. FRED H. CHASE & CO. announce that they will sell THURSDAY EVENING, January 20, 008, at 7:30 o'clock. (n mew corrigated iron pgyilion by electria light.) The entire crop of the Palo Alto two-year-ol: (foals of 1901), consisting of colts, fillies an geldings, by such sires as Mendocino (3), 2:19%; Altivo, 13; Nazote, 2:2815; Azmoor, 2:20%; Monbells, 2:23%, and Wildnut, 13472, 8 2 out of the great broodmares of Falo Alto Farm, such as Arfa, 2:16%; Avena, 2:19%; Belle 'Bird, 2:22: 2:24; Cressida, . 2:16; Laura C, 2:18%; Elia, 5 Masden, 2:23;: Mano (dam of Mendo- lectant, 'Rosmont); Sweetwater, 2:26; by Palo Alto, 2:08%: Ashby (dam of Aria, 2:16%. and Atheno, 2:15%); Expres- sive, 2:12%; Gertrude Russell, 2:23%; Liska, 2:28%; Lucyneer, 2:27; Sallle Benton, 2:17%; Sweet Rose, 2:25% Send for catalogues. Horses at yard January 27, 1003. FRED H. CHASE & CO.. 1732 Market st., San Francisco. o o TUESDAY. JANUARY 27, 11 A. M. AT 1140 FOLSOM STREET. There will be & CLEAN UP SALE of 20 horses and all styles of buggles, carts and harness, e ——— e tain_descriptions. $S 45 per 2000 Ibs and $S 30 per ton, according to brand. OIL—Linseed, 36c for boiled and Sdc for raw in barrels: cases, S¢ more; California Castor . Oil, in cases. No. 1. i0c; pure, $1 16; Lucol, 80c for boiled and #Sc for raw in bargels: Lard Oil. extra winter strained, barrels, boc. cases, $1; China Nut, 55@tlc per gallon; purs Neatsfoot, in_barrels, T0c; cases, 13c; Sperm, pure, 70c; Whale Oil, natural white, SugGade per galion; Fish OIl’ in barrels, 46¢: cuses, 60c; Cocoanut Oil, in barrels, @%e for Ceylon and 08%c for Australia. COAL” OIL—Water White Coal Ofl, tn bulk, 16c; Pearl Oil, In cases, 2214c; Astral, 22ise Star, 223c; Extra Star, 25%c; Elaine, Eocene, 24%c; deodorized Stove Gasolin, bulk, 17¢; in cases, 23%c; do, 72 degrees, bulk, 183c: In cases, 25c; Benzine, in bulk, ldc; In cases, 22l5c; St-degree Gasoline, i buli, 2lc: In cases. 27ige. TURPENTINE—9¢ per gallon in cases and 73¢ in drums and fron barrels. RED AND WHITE LEAD—Red Lead, 69 634c per Ib; White Lead, 6@6%ec, according to quantity. SUGAR—The Western Sugar Refining Com- pany quotes as follows, per Ib, in 100-Ib ba; Cubes, A Crushed and Fine Crushed, 5. i powdered, 4.95c; Candy Granulated, 4.98¢c; Dry Granulated Fine, 4.85c; Dry Granulated Coarse, 4.85c; Fruit Granulated, 4.55c; Beet Granulated (100-1b_bags only), 4..5::.Cnn:-cumrru:f‘:.sle in Magnolia A, 4.45¢c; Extra C, 4. -4 25; “D,” 4.15c; barrels, 100 more; half bar- is, 25c more; boxes. 50 i more; 50-1b bags, l0e more for all kinds. Tablets—Haif-barrels, 5.30¢; boxes, 5.60c per ib. No order taken for less than 75 barrels or its equivalent, CANNED SALMON—The Alaska Packers® Association has reduced the price of pinks to B50c and that of chums to 37%c per doszen, owing to & surplus of stock. The pack of oclation canneries for 1902 was as follows: Canned Salmon—Sockeye, 78,438 cases: 1.007,197 cases, king 26,674 cases, 51,900 cases, pink 162.829 cases: total, 947 cases. Salt Salmon, 5603 barrels. Receipts of Produce. FOR SATURDAY, JANUARY 24 Flour, qr sks 2,467 Wool, bale Wheat, ctls . 215 Tallow, ctls ctis . 3.020 Pelits, S eks spring 1506, 1,312 ; eathe 530 ¥ine, Bran. - randy. gal Miaditngs, sks. . hicory, bbls ... Hay, tons . STOCK MARKET. ad There was nothing exciting on the stock ex- changes yesterday. Local securities were quiet, the ofl stocks were firmer and mining stocks = lower. Sales on the California Exchange last weel ‘were 112,192 shares, leading Standard, valued at $102,650, the being as foilows: California shares: Home, 4300; sales 1000 ), 1 iecidenta 900; Reed, 3800; Sover :ign, 7800; Sterling. 1 Twenty-Eight, €802 The stockholders of the Americar: National Continued on Page Thirty-Nine. —_—m Pooling Thelr inter Combine, Re: clal world that Is attracting a great deal of attention is the pooling of interests by small investors. A St. Louls firm. the Natlonal Securities Co., is the prime mover in the plan. This compary receives the money of thou- sands of small investors and combining them form gigantic sums, which enable them to sue- cessfully transact enormous deals that pay randsome profits to the individual members of the pool. This is anmother phase of the Community of Interest Idea made so popular by J. Plerpont Morgan, the only difference Is ! that this Company is composed.of an uniim- | 1tea number of small investors, while Mr. Morgan's companies are composed of a limited | pumber of rich men. The National is the | first company organized on this new plan, but because of its wonderful success it Is but a question of & short time until many more will enter the fleld, It is a well-known fact that the man of money has thousands of oppor- tunities to make profitable investments that never come to the man of small means. In popular language ‘it takes money to make money.” By this successful plan of combina- tion the small investor with from fifty to a few hundred dollars secures the same oppor- tunities that come to the man of millions, and as a consequence realizes the same enormous per cent of profit on his investment, however small It may be. It can bo safely sald that a more marked departure than this plan was never made in the world of money and those who take advantage of the opportunities of- fered by this company will realize more on their money in a week than they would under ordinary conditions in a year. The general plan upon which the company is operated does not materially differ from that employed by the National Banks. The investors of the company | cecupying the same position as the stockhold- era of the bank. Each and every 30 days a dividend is declared and each investor re- ceives & draft for his profits during this time, One of the noteworthy moves in the finan- ¢ DR AR sl omos o rvinin UG 5 0 e SMALL INVESTORS COMBINE CAPITAL ts They Form An Enormous And Powerful zing Eno:mous Profits. ‘The investment s amply secured and investors run no risks whatever. The entire capital of the company—One Hundred Thousand Duilars ($100,000)—stands between the investors and loss. The majority of the mammoth fortuncs of this country were made by almost exsctly the same methods as those employed by the Natfonal Securities Company. Combination iy the keynote of present day success. The small investor by placing his money with that of hundreds and even thousands of other small investors, obtains all the advantages of enor- mous capital and his money earns as much, dollar for dollar, as that of the millionaire “Captalnis of Industry,” while small sums it invested alone earn but 3 per cet.or 4 per cent and are usually tied up for long periods of time. Investments in the Natlonal Securt- ties Co. pay more than this each month and are sybject to withdrawal at any time. Upon investing, the investor receives a Certificate of Deposit stating on its face that a sum equal to @ per cent a month fs guaranteed, payable monthly, and giving the holder of the certificate the right to return the certificate at any time he may choose and withdraw his Investment in whole or In part instantaneous- 1y. This is without question one of the great- st opportunities for safe and highly profitable investment in the entire financial world. It is worthy the careful consideration of any man who desires to rapidly accumulate -m'c-ll balance and yet have his money invested where it is at all timés subject to instantan- e us withdrawal and protected from loss by a company whose financial standing and re- liabllity s beyond question. The Nattomal Securities Company is rapidly extending Its field of operations and *c\grouse additional interest has issued a booklet explaining fully its plan of operating and siving full informa- tion in regard to everything an investor would want to know. This booklet is sent free to all who write for it. Address at once. Natfomal Securitles Co., Dept. 51, St. Louls, Mo,