The San Francisco Call. Newspaper, December 13, 1903, Page 29

THE SAN FRANCISCO CALL, SUNDAY, DECE BER 13, 1903, s & : AD\ ERT lSEhEKT& I WILL GIVE $1000 If | faii to cure any GANOER or Tumer | treat before it poisons deep glands y o Knife! Ho Pain! In Paly Until Cured | 30 vears I have cured more | sucers than any other doctor | NEW YORK, Dec.12.—The stock mar- ket was irregular and rather dull to- day, but the reactionary tendency pre- vailed. There was no perceptible re- sponse to new causes in the movement which represented the working out of speculative contracts Sorme support was accorded to United States Steel preferred, and this had a sentimental effect on the general market. The ad- vance in that stock, however, encoun- tered fresh selling, and the bears did not show great uneasiness. Profit tak- mg in Brooklyn Transit was conspicu- ous and cost that stock nearly two | points at ope time. There was pressure | against Pennsylvania, and.the bears the device of offering the i on a limited number of shares’ of the -k for the coming year at 5% In the curb market. The money ex- il ANY LUMP INA | WUMEN BREAST IS GANGER| s poieon the glands in the lrmw! le. Al »st past cure. 20 PAGE BOOK ENT FREE. S R. CHA\II l‘\' & CO. Al tly Reliable.” Two Li 25 Third St., San Fran \co. Cal. SERD T0 SMEONE WiTh GANGER cable reports an expected arrival in don next week of $2,500,000 in gold, is likely k clearings for the week COUNTRY'S PROSPECTS CONTINUE PROMISING ‘AS THE YEAR CLOSES change markets were nominal, but the | to be taken for New ADVERTISEMENTS. verse criticism of some of the combi- nations developed by current litigation is an additional factor In making spec- ulative sentiment on the subject sensi- tive. But these influences have-merély modified the conviction of an improve- ment in conditions warranting hcpe of better things in the future. Even in the jron and steel trade the further indications of the enormous contrac- tion that has taken place are mingled with some signs that affairs are in train for an {mprovement. Trade sta-* tistics of December 1 show the pro- cess of reductfon in production still heavily In pregress without yet hav- ing reached the reducrion in require- | ments, as unsold stocks have still fur- ther accumulated. But a somewhat bet- | ter inquiry and a hardening tendency | of prices is reported both in the iron and structural steel departments. week's meeting of the steel billet pool is awaited with great interest to dis- cloge whether sufficient confidence in | the demand at current prices is felt to avold a further concess The November return of domestic ex- port shows the greatest value for cot- Next || Gentlemnten’s Neck Fixings Santa Claus with his Beautiful Reindeer Team 'stafting from his Aurora Home will greet his little friends Monday on our 2 e A second floor Open Evenings Begmmngg Monday Until Christmas Eve. @ @' » < CHCHORCE HCHRCAOIROICH 008 ¢ [ecaebelnuletetut el ton exports for any month in the his- The above plctul'e ls one 0‘ our tory of the country. ¥ S The declining vamie of the countrs’s tmports is no | full, generous, flufty, tied-by-hand {onice over English Squares, much ow a slight r the first time York clearings | | less significant in the explanation of DON'T FORGET THAT ED. EVATT EORCACAC: LA CHOCROOORCS RCRORC FCROSORON TR SEOHOT A0 R0 POR 22 —— having v vear, with dom- | 3 " 5 o s RSvRrva— < LTOR 22 YRAND WITH T. LUNDY I}l inant effect on the averages. Other the course of the foreign exchange mar- | M tied’ and v bplall” 0 LA DRI SO OIS QOO OGO OO Tastern centers still show a lower level | ket and the persistent Inward ‘move- | 2GINIICS Y e Bt 7 C.L0RATY S5 fashionable men about town this 2=, but for the West and the | ment of gold, notwithstanding the em- » da, Watches t closed irrgeular but near fiey. the lowest after a lively selling move- EVATT & HINKLE | vo bank statemént, 76 Geary Street. Th average sto this week. “The market has been highly irregular, advancing at times and meeting with backsets and reactions, leave the net results of the ents of prices small. But a large ribution of securities has presum- been effected at a profit, and the holders have shown little disposi- | throw over their holdings at re- The action of the market nts an interpretation of an im- ng sentiment regarding ions and prospects. The ry movement is regarded as fter so considerable an ad- -of. dealings in OPEN EVENINGS. CONSUL HUGHES IN TROUBLE AT COBURG Serious charges 1 Oliver J. H '€ of arguments in , set for for an ase are the oc- It is true f is that the rt against (hf\ s foreshad the d reme Court, pointing tc that an unfavorable de n' the b;np at forebod and. the saam- Janitor Summerieid Missing Steinway & Son’s Pianos A. B. Chase, Estey, Emerson, Starr, Jewett The above pianos, with' dozens of other makes, grace the salesroom of Sherman, wing the publication of the, cks has risen to near 1,000,000 shares | the | ployment of devices by forelgn banks to protect their gold holdings. The de- cline in prices of our commodities war- rants thé expectation that the decline in Imports will continue, and puts our| manufactured products on a basis to compete better in foreign markets, thus promising a growth in manufac- | turing exports. Organized efforts are | | kets for iron and steel products espe- cially. *The extraordinary outward | movement of cotton invites the.com- | parison with theé great expoT. move- ments of wheat a few years ago. The | | enormous trade balance in our favor | thus built up was an important ele- ment in the era in expansion which fol- | lowed. It will be remembered that for- | eign holdings of our securities were| | swept home in a flood as a result, and | American holdings in Government ge- | curities were largely extended in the struggle to adjust the bafance. Then | | followed the tremendous outpouring of | | new capitalization which it became the | important item of the time to absorb. In the struggle to take care of the com- | snts made at that. period, includ- | OO ted States| n and the Northern mpany, the American | reign government sectiri- | nt back to the home mar- kets to r sources. In addi- tic our indeb s to foreign le: wag run up to a figure va ed, but which was generally to the . highest figure ever | reached by our foreign flpating debt. | The. decline in -our exports. of mer-. chapdise and the growthiof imports fol- ; lowing upon the e: nsion period here esulted in a scant 1pply of exchange and added to the den of the repay- ment of the foreign indebtedness car- ried by American finafce. The long- | continued liquidation which followed are knc { smail part to the necessities ing 1hr=p foreign obligation: of meet s wur banks in face of the vio- fect of the tional trade situation must receive im- portant consideration. irregular. United States 3's advanced 1, per cent, and the new 4's declined 1 from the closing call of last week. np e i I ESTIMATES W E CLOSE. ‘ NEW YORK, cier ys: One notable feature of the official statement of the New York as- | sociated banks last week was the close correspondence between the gain in cash, as shown in the returns, and the estimated increase, as estimatgd by the traceable movements during the week. The specie shows an in- crease of $722,000, while the gain in| legal tenders was $1,039,500, making the increase in cash $1,761,500; the estimated gain was $1,985,800, or $224,- 800 greater. The smaller increase in specie than in legal tenders was as has been the case in previous weeks most likely due to the transfers to New Orleans through the sub-treasury, de- posits therefor being made in gold; these transfers to a great extent off- set receipts .of gold from abroad and from domestic sources. The deposits showed an unusually small change, and instead of there being an increase of $652,000, as called for by the sum of | the gain in cash less the decreass in loans, thére was a reduction of 344,060 | in deposits; therefore the statement failed to balance.. The decrease in 1 quired reserve, resulting from the re-| duced deposits, was $11,175, adding m: which the gain in cash makes $1.772,675 | as the increase in ‘!urpl\s reserve, which item now is $8,07%,975. Calculated upon the basis of deppsits less those of $36,80%,700 of public funds, the sur- plus is $1 ,150. Loans were de- creased $3,108,500, whereas in the pre- vious week they were augmented by Clay & Co. Prices are consistent with re- spective qualities and are low in every in- stance. Terms—$6.00 per month and upwards, according to your ability to pay. Comein and mspect our unequaled assortment. It would be unwise to purghase elsewhere without doing so. Our new renting con- tract plan of purchasing pianos presents ad- vantages that must be expained to you by us, SHERMAN, CLAY & CO. *$1,200,000. $1,162,600. The reduction this week was probably due to cancellations of loans on stock collateral. Bank condi- tions, so far as regards reserve, are! much better now than they were a year ago, though the surplus is about equal in amount because of the prospect that very soon the cash reserve will begin to be augmented to a greater extent than recently through the receipts of gold from abroad. There will also probably be - an increase in cash through the return movement of mon- ey from thc West. Some reduction in | cash is looked for during the current week because of withdrawals from the banks for holiday requirements, and also because of the accumulations of money by large concerns in anticipa- tion of the wnaking up of their annual reports. But this contraction of cash reserve should cause no apprehension, for whatever money is withdrawn for the above meniloned holicay purposes will be promptly returned. The aver- ege daily clearings of the banks. last week were $221,000,000, and those on Baturday, reflecting Friday's business, were $234,547,865, or $13,500.000 above the daily ‘average. Comparisons of cnanges in the item of loans 'by inci- vidual banks show net losses by geven of the larger institutions of $2,200,000. The net cash loss by five banks was | & winter. the pretty open i will be on SECTION, at 50 cts. SO DLVTCODLD LG DOCHO0 HOOT0T | Prettily Boxed WELL SHOW MONDAY | here- and ‘the severe sacrifice invoived SOME REMARKABLY to have been due in n-j CLEVER HOLIDAY SUS_ as shown PENDERS “in “individual boxes. igh level maintained by the SUSPEP‘DERS ‘hat are dreams nt liquidation of securities. The ef- Of beauty; colorings partlcularly new turn in the interna- handsome-— | tlemen. The bond market has\been active and Monday at 39 cts. 156¢. 12—The Finan- | ey DLOTOT0O0IN B0 OO0 | Gun Metal Shades in Men’s Shirts That's the latest swell shade in SHIRTS for men this winter, GUN METAL; to these | the two-tone effects in TAN add to these effects in ncat little dots. These are the real neat SHIRT ideas for winter, considered fashionable and large]y worn by the real swzll dressers. lection of these high sale $1.00 48 IF YOU DON'T KNOW WHAT TO GIVE HIM BUY A HOLIDAY ORDER-- GOOD FOR ANY- THING, GOOD FOR ‘ANY SUM YOU CHCBON0BCROH ALK In the new Mauve and Tan self effects; also in the beau- tiful Gun Metal shades. they’re all new holiday colorings land in other stores they’d be $1.00. With us Monday they’ll | being made to extend the foreign mar-{ ho marlead In fact an ideal gift for gen-| They will be special class new shut ID nday in our SHIRT Home Comforts corvticH? e som, ng so sweet on fthe little chap 3s a AILOR, especially a 'RAPHAEL'S SAI- LOR SUIT. They have that smart get- up to ‘em—that’s why sailors of ofhers don’t compate with 'em. The above pic- ture is ohe of our latest December num- bers. In a beautiful shade of ROYAL, artistically handled and braided; also in a real smart shade of RED, many styles of braiding on this one: also in that highly desirable color, NAVY, braided id a beautiful manner; also without braid. SHIELDS are beautifully embroidered on all these SAILORS and they’re made of the highest grade of serge. Aan arfistic conception of the SAILOR. A $6.00 value of the SAILOR, to fit chaps from 3 té 10 years. Will be_one of the biggest holiday SPECIALS we have ever offered our juvenile patrons, Monday at $3.50 The English Topper & b for & B Little Gentlemen We're the ones to supply em, for |we know how to build ’ The | above picture is one of out very smart numbers in the SMOKING JACKET. All our Smoking Jackets are turned out by the cleverest tailors in America. | Nothing left to chance in the making of our Smoking Jackets---every st!tch is watched, These are the sort of gar— ments gentlemen like. The above pic-. ture of the SMOKING JACKET i 1s a clever affair in a double-faced cloth in very handsome colorings, we may say striking colorings. A Jacket that should be $6.00. Will be marked SPECIAL Monday at Is going to be the real smaet .over- coat number this winter for fash- ionable little gentlemen. We're the first to show the new Model for 1904, in a beautiful shade of TAN and in the pfetty STEEL MIXED OXFORDS. A’ $6.00 COAT, and you know how our “-TOP COATS are-made—right up to the minute in point of fashion, smart and snappy in appearance. It’s the COAT for the little gentle- man who wants to be dressed just right. SPECIAL MONDAY at $3.95 4m $3.98 | o col- OPEN EVENINGS ’ WINTER COATS—-SOME REAL SMART MOD- ELS FOR GIRLS, AGES 6 TO 16, AR- RIVED SATURDAB‘{: ON'MONDAY. ]