Oakland Tribune from Oakland, California • Page 18

WEDNESDAY EVENING MAY 14, 1924 pA "STOaS-BONDS COMMODITIES TRADE NEWS OF. WHOLE WORLD HOUR BY HOUR PRICE CHANGES Lonri SUPPLY OF LEAOff San'Jrancisco STO KBON EXCHANGE J3X Special Wires fromVYkCavalievS "SSSff. 5anc7rancisco STOCK EXCHANGED Spacial wh Setvtee to 0kUodTribune XlSftl MADE FOR NEW 13 OFS685.000 nrnuiiiiiiPTni rp DLblHHIIlb IULHD Bid. Ask. BEHIND DEMAND Ask.

By s. SCOTT. LISTED BONDS. Bid. Ask.

Am Factors, 1st '36. 103 Asso Oil 6s gen '35 98 98k Bay Cos 1st l) OFFICEBUILO Realty Syn "B'' bonds Sac Val Pwr 1st 6s Asa. 101 102 98 The atock market both in Santemment 6's were lower, presumably Bid. 1.87 86 .26 47 Central Eureka i'xf KounU Halifax Round Monntalah Nevada Hills in reflection of the reports. Francisco and New York continued 99 .20 .15 SO 48 Cal Cent 1st 6s.

Cal El Gen 1st mt 6s '41 Cal Gas El gen 5s '33. 95 i West End Consolidated San Diego Gas E15s '39 San Diego Gas El 6s El 4s callable 92 94 El 4s non-call Joaq Val 100 Joaq Lt Pwr 7s Joaq Lt Pwr 6s '52 1)8 98 reactionary today. In San Francisco the business was scarcely worth recording, while In New York about TOO, 000 shares changed hands. All the California oils were Cal Gas El unit Es 97 Cal Haw Sugar 105 Huge Structure of 10 Stories, 97 103 BONUS. B14.

Albers Bros lt 7s 1942 101 tnialgamated Siik 1st 7s 1937. .102 Amer Factors 1st 7s 1037 10tt Associated Oil deb 6a 10S5 98 Bay Co Pwr 1st 8a 1030 98 Cal Elec Sen 1st Sa 11)48 95 Cal tr 5s 1033 99 Cal ft 6s 1937 97 Cal Haw 8 1st 7s 1973. ...105 Cal-Ore Power as 1942 8 CalOi-e I'ower A 7s 1941.. 107 Cal Petlm set 6s 1033 97 Cal Lt 6a 1043. ...100 City Efcctric 5a 1937.

94 City Inv 8 1033-34 94 Coast Co Lt Pwr 5s 1946... 86 Cons Elec "enl Bs 1955.." 88 Pavls. Theo eol 1931 102 97 105 99 108 98 Cal Ore Power 6s 99 Scramble for Raw Supplies Predicted Among Large Producers. Cal Ore Power 7tti '41. 107-44 Asian- Will Be Started on Upper Broadway.

Cal Pet 6s 97 Cal St Cable 6s ser '27 IB 97 101 65 Cal Tel Light 101 101 City Elec 1st mtg 5s '37. 94 MUTING STOCKS. TONOPAHB. ma. Belmont 60 Cash Boy 07 G.viist Queea Halifax a a aa MacNamara Midway 02 Crescent Mon Pitt, Nw California 01 North Star Arrangements recently concluded for a short term credit of for the Swedish government, may be followed by an offering of long term bonds, exceeding the amount of the temporary loan.

Strength of Swedish exchange supported the view that that government might enter the market at an early date. Speculators found a vulnerable spot yesterday among the rubber companies and Kelly Springfield common got down to a new low as there were revived intimations of some new financing. Lee Rubber and Tire also got down to a new low for the year and Incentive for City Investment 6s 94 02 03 95 88 Immediate construction of a' new i business structure on Broadway, the Ray Office is assured by Coast LSIJ 1st 5S '46 East Bay Water 5s weak and transactions Were a point lower than yesterday's closing in most cases- Further declines in the price of raw sugar in New York was reflected in fractional declines by many of the Hawaiian sugars. The outstanding feature of the local market was a Jump of Best Tractor preferred just before noon to above 110. Eastbay Water preferred gained a point and all utilities were firm.

More than a score issues sagged announcement made today by First Fd Tr 1st 6s '43 Gen Pet 6s 96 Gen Pet let 7s 105 The National Bank of Commerce In New York in the May number of Commerce Monthly refers to the Increase In world consumption of lead to a point where output Is scarcely adequate to supply the demand. The bank says: "This is due to the heavy use of 97 105 93 fania Barbara Tel Es Santa Cruz Cement Ss. Sierra Power Es 86 87 Sierra 2d 6s sA 66 Sierra 2 Es 63 66 South Pac Coast 4s Southern Cal Cement 6s. Sou Cal Edison 6s. Sou Cal Edison 5s '44.

..101 Sou Cal Edison 6s 101 101 Sou Cal Edison gen 5s '39 96 Sou Cal Gas 6s '58 96 97 Sou Cal Tel Es Sou Counties Gas 6s 91 Spring Val Water 5s '43 95 Standard El 1st 5s Stand Oil of Cal 5s '24 -V Stand Oil of Cal 6s 100 Stand Oil of Cal Es Stand Oil of Cal 5s "27.. Stand Oil of Cal 5s '28 Rescue Ton Ex Straus AY that a bond Issue (85,000 for this purpose has been underwritten by that Investment banking: house. The new building: will represent an Investment of 04 03 2 40 02 43 102 Uj 9S 105 105 '4 96 96 93 89 90 4 104 Gt West Pwr 1st 5s '46 92 Gt West Pwr cB 7s Home of Sd 5s '36. 93 02 2.20 2.3714 01 47 Tonopah 76 Uiuatllla West End a- lead In pipes and paint In the build A Elec 5a '28 A 6s 1934 DIVIDES. $1,125,000.

It is the property of Flak M. Eay, president of the Up- ing Industry of this country ana 97 A ref 5s 1939. pressure against this issue was found In the unsatisfactory statement of earnings. Alto Aladdin 06 Annex (i European construction work, to thij 104 A Gas El A 7s tos A Gas El 103 104 large amount of lead requirea 10 02 to new low pricesfor the year in New York. Baldwin headed the downward movement, reaching new low ground for the year, while new lows on the movement were reached by Steel, American Can and similar speculative favorites.

telephone cables and for storage A Ky 1st mtg 6s 88. A Ry Corp 6s "40 Even at this 'early date estimates are being made on the steel corporation's probable statement of earnings for the June 30 quarter A Pac 6s '31 99 98 A Pac Ref 6s '43 04 23 77 onrt ihtv Indicate between $45,008 East Bav Water 1st RHs 1946.. 97 Fast Hay Water os 1942 99 East Bay Water 7a 1936. .105 flenl Petlm 1r 7s 1031 1( Genl Petlm def 6s 1928 90 Gtnl I'etlm Con 6s 1927 U0 Gt West E'wr 1st 5a 1946 93 do rfc 6a 1949 99 do 1952 99 do 7a 1950 103 Gt West Pwr cony 8s 108 Gt West Pwr deb 6a 1925 100 Holly Sugar 1st 7s 1937 97 Home TAT Spok 5s 1936 93 Key System' 1st Bs 84 Key System ref 5a 7 Los Ang us 1934 98 do ref 5s 1039 Ofl1 A 4 gen ft ref 7s 1926. .101 A 7s 1931 103 do 6s 1942 984 To SUs 1917 91 rio 91 Ang Pac 4a 19M A By 1st 5s 1038 90 LA Ry ref 6s 1040 Miller Lux 1st 7s 1030 Ifl0i Mt Whitney A 6a 1939....

104 Natomas Co of Calif 1033... 46 Nor Calif Pwr 1st 6a 1932 98 Nor Calif Pwr ref 5s 1048 06 100 Stand Oil of Cal 5s '29. Stand Oil of Cal Es Stand Oil of Cal 5s '31. Stand Oil of Cal 5s '32. Stand Oil of Cal Es '33.

000 and $48,000,000 as likely to be Market St 7s Miller Lux st 7s Natomas Co of Cal 6s 98 batteries lor use automouneu to a less extent, In radio outfits. SCRAMBLE FOR SUPPLIES. "The natural outcome of this situation has been considerable competition in world markets for available supplies of lead, with resultant high prices. The United States, Mexico, Spain, Australia and Germany are the principal lead-pro 104 98 99 10! 46 46 98 99 95 97 98 101 Nor Cal Ry 6s '29 Nor Ry of Cal 5s '38 Nor Cal 1st mt 5s '32. Nor Cal Pwr ref 6s '48.

On the other hand, distinct strength was shown by some of the representative railsunder the leadership of Atlantic Coast line, While P. and R. Coal and iron had a substantial run up of five points on heavy transactions. These demonstrations proved unavailing, however, in the face of the persistent professional attempts to 05 02 Theo It Davies Co 7s. 102 Union Oil of Cal 6s West States Gas 5s West States Gas 6s '3s.

West Stiites'tTas 6s oYsemite Val RR 1st 5s. 56 I'NMHTKD STOCKS. CEMENT STOCKS, Orpheum 6s '46. shown for net. That tne extra dividend is safe seemed to be good opinion among persons closely following the affairs of the big industrial.

The cancellation of steel orders to the extent of 150.000 tons was regarded as the dominating factor through which all prestatement forecasts were far wrong on the April showing of tonnage conditions. 95 69 Pacific lias Imp 4s 30.. 02 Pac Gas Elec 6s ..101 102 Pac Gas Elec 95 101 104 Pac Gas Klec 5s 91 02 02 Town Association and well known bs Oakland's business circles. The new building will front 3 feet on the east side of Broadway Immediately north of the building- at Nineteenth street and Will rise ten stories high. Adjoln-- Ids on the north is the site of the ew Orpheum Theater and next beyond ts the Broadway and Twentieth street corner soon to be occupied by the new Elks Club building-.

The Ray Office building- site Is 200 feet deep and Includes a 25 foot frontage, 100 feet deep, on Franklin treet. SPACE APPLIED FOR, With stores occupying- the street floor frontage, a portion of this and the mezzanine floor and the nine upper atories will be devoted to offices. Oakland's rapid commercial development has created a demand for more office space which has long been Insistent and more than one-fourth of the floor space of the building- has 'already been reserved and It Ja expected that the entire area will be absorbed by current demand by the time the building is ready for occupancy. It has been designed by Willis Lowe, architect, 107 Pac Portland Cement Ttiverside Portland Cem. 100 170 Pac Gas Elec A 7s.

Pac El Ry 5s mark the industrial stocks Vlown. ducing countries of the world. Before the war these countries were responsible for approximately four-fifths of the world's output of lead. During the last ten years, however, there has been a marked change in the relative position of this Apex 01 Bevla 04 Broogher DlrMe Ex 03 Divide 22 Dividend Florence 15 Giant Gold Beet Goldsmith Gold Zona 08 Harm 111 04 Basbroock 01 Herculea High DIt 01 Hnll City Karnldk nl Lucky Boy 01 Midway Mlrpah Par Revert Silver King 03 Smuggler 03 Sunbeam 01 Thomson 01 Vrd Victory 02 Wilson GOLDFIELDS. Booth 44 04 Fraction Cracker Jack 02 Florence lo Goldfleld Coo 04 Goldfleld De 03 Grandma ul Great Bend 02 Losses of approximately a Doint i General Asphalts net earnings Pac Tel Tel col Es Pac Tel Tel ref 5s 101 reach were registered by Punta in the first Quarter of 1924 werel" TJ Aliegre, Cuban American and I Jlj-SS2 compared with i a fH-tirhenm 6s Oakland Hotel 1st 6s 98 ..106 85 98 91 ..101 ,.101 1 6 4 04 Paraffine Cos 7s '24 Paraffine Cos 7s 102 Paraffins Cos 7s zfi Pae Elec hly 1st 5s 1042 85 gen 5a 1942 91 1st and ref 5s 1952 9n-P lat ref 6s 1941 101 92 96 102 107 Paratfine Cos 7s '27 Paraffine Cos 7s '31.

Paraffine Cos 3s '32. group. The output 01 ieaa uum Spain and Germany ha declined greatly and Australian production Is also somewhat reduced; the United States has strengthened its nnsltinn as Principal producer and Cuban Cane Sugars, the first trof 1923. It waV announced the named touching a new 1924 lbw comDany intends to retire all of the at 521b. Dupont broke nearly $872,000 6 per cent debentures out-three points to a new low at 115rb.

standing on or before Foreign exchanges opened firm. April 1, 1925, out of current assets. Orders for the purchase of Indicative of a strong demand for 000 "barrels of gasoline for spot de 03 .104 Paraffine Cos 7s '42. .105 lfi 91 97 Sac El Ry Es '27 faanta Cruz Port Cem. ,.1 0B GAS AND ELECTRIC STOCKS, Cal Ore Power com 12 Coast Gas Elec 1st pfd Coast Gas Elec 2d, pfd 62 Midway Gas com Northwestern El 7s pfd.

95 Sou Cal Edison 7s pfd Sdu Cal Edison com INSURANCE STOCKS. West Coast Life 2 West Coast rights Western States Life 18 BANK STOCKS. Central Sav Bk of First Natl Bank of Oak. Furazl Bank Italian American 158 Oakland Bank of Sav Savings 45 Mexican production has Increased 98 92 101 106 sound Investment securities, public Lt 1st mt 96 Lt Pwr A 6s ...101 Lt Pow 6s 98 Lt Pwr 6s 99 greatly. do 7a 1040 106 Pac Lt A Pwr ref 5a 1951....

97 Pac I.t Pwr 1st 5a 1042 96 Pac Tel A Tel col 5s 1037 AS Pac Tel A Tel ref 5s 1982 91 folace Hotel 1st 9 102S 100 Paraffine IV. 1042 10r. Hiego Con A 5s 1930.. 94 do -6s 98 gen cal 4s 1933 A aen nc 4s 1933.... 9S San Joaq Ry 5s 1940..

.100 sales of electric light and power The heavy consumption in 111 livery are DeinK piaccu amwuK im-Vontlnent refiners by the Standard Oil Company of Louisiana, a subsidiary of the Standard Oil Company of New Jersey. An order of this volume in evnpcted to relieve the pres securities to the value of $92,950,000 were offered by Investment houses United States, shmage ot supplies Clara RR 4s '46 Son Cal Gas 6s RR of Cal 5s 1 02 03 15 06 02 03 04 03 01 99 100 87 in European markets and tne un- during the month of April, according 93 nertain Mex can situation na sure on small refiners who have had Branch Ry 6s '37 to Electrical World. Tho fln-uro io thA hlo-liest reached to store excess gasoline through re San Joaq LAP 1st 5a 1945 96 combined to raise the price of lead to a point but little below the war San Joan A 6s 101 during any month of the year and tarding sales caused Dy earner represents an increase of more than conditions wt Porter 99 United Bank Trust. .160 RAILROAD STOCKS. Key System prior .78 Kev Svstem nfrt 9c 9S 9R4 99 02 02 02 do Os San Joaq 4 1032...

San Jaq 1950 San Joaq ft 7a lir.l $27,000,000 over that recorded for i' of the RR 1st ref 4s '55 86 Co 20-yr 4s '29 Co 20-yr conv Es '34 Co stock 4s "49. Co 8 term 4s '60. Sperry Flour 6s 92 Union Oil 5s '31 97 Union Oil 6s 1492 100 United Gas El 6s 165 80 26 62 18 I Western Pac pfd 61 April, 1923. The rate of return Mgouri pacific railroad to replace yielded the investor, which has Marston and Harry Bron- 103 0 Port Cement 6a 1945 101 101 been on the decrease since February, ner. Others directors were re took an upward turn during the Sierra F.

Pwr 1st 5s 1949.. 84 do ft 5a 1940 98 So Cal Cement 1st Bs 1041.... 9SU So Cal gen 6a 1939 90 do ref 6 1944 90 Val Cos Pwr Es last month, reaching the 6.37 point. As Famous Players announced Western Pac com 17 SUGAR STOCKS. Ewa Sugar Honolulu Plantation B8 McRryde Sugar W'alalua 84 Waialuka Sugar OIL STOCKS.

100 85 65 84 est Pac 5s. 03 OH T.ono- term aeciiriHea eont nue to maintenance or us mil aivinenu Wilson Co 10-yr 6s '28 50 rate, snort covering aeveiopeu do ref 5s 1044 95 35 32 .10114 90 14 95 V. 101 08 98Vi preaom.naie. the shares but price at which this vldual offering was' the issue of Btock sod was neld to be out of lZ.DUU.UUU in goia uunu ui mo Ju in n0 Ex 03 Kewanaa Lnne Star 03 Red Hill oi Sand ul Silver Piclj oi West COMSTOCES. Best ft Belcher 03 Bullion Chollar Concordia 01 Con Virginia 03 Gould ft Curry oj Hale ft Norcruas Justice is Mexican Is Ophir Saragr 02 Sierra Nevada 04 Spearhead Union 07 CALlrORNIAS.

Ben Hur 02 Bunker mil Central Enreka 1 37 Double 08 Golden Eagle 36 Gold Wedge 02 Marne 01 Moo re Jlng 03 Nevada Bill 33 Operator 98 9S .103 93 Pacific Gas Electric Company, offered at 96 and yielding 5.78. I and Clinton Palmer will superintend construction. Parking space in i tha rear and a basement garage, reached through the swanklin street frontage, will accommodate tenants and visitors. This new structure will be the seventeenth business building to be erected In this north Of Fourteenth street since 13E1. It I la estimated that more than has been Invested in this area I la new construction in the past two years.

1 Among tha buildings which have already been built in this vicinity are: Roos building. Golden State building-, Fox Theater, Reich Llevre building, Smith building, Lyons building, Tapscott Hassler building, Thos. i Day building. Heron building, Dorach building. Whitehead build-; Press Club building, Oakland Examiner building, and the Medical Arts building; the latter is security i for an S.

W. Straus Co. bond issue $375,000. BIG STRUCTURES. The Elks Club building and the Orpheum Theater are estimated to eost $1,000,000 each and several ether new structures are projected Claremount Oil Cons Mutual 6c Holly Development 30c Holly Oil 3 Cons Oil 5e 4 0c 4 do ref fis 1944 do ref 6s 1043 S.

Calif Gas 1st fis 1050 1 So Calif Gas ref 7s lMl So Calif Tel Co ref 5s 1947... Tac (S Term) 4s 1930 So Pac ref 4s 1955 St.errv Flour 1st 0s 1942..... Serine ValVv 1st 1H43 Standard Elec. 1st 5s 1930 Union Oil of Calif 1st 5a 1931. do 6s 1942 t'nlted ft 1st 6s 1032 Viillev Cos Pwr Bs JS30 Jine with other industrial issues.

The yield was figured at about li per' cent, which, for Investment purposes, was too high. Thoughts similar to those now prevalent have been heard for. the past year or more, yet the management has continued its disbursements which, however, have not had much influence on the stock itself. The fact that Mack Truck had 00 04 09 03 05 time peak. Prices have recenuy declined somewhat from thia high point.

SMELTERS ACTIVE. "Under ordinary circumstances a strong and well-sustained demand for a commodity serves to Increase the supply of that material. The great activity of the mines fd smelters of this country lndiUM an Increasing rate of output ot and lt Is probable that the lead Industries of other countries are similarly affected. At present, however, consumption in the United States continues to outstrip domestic pro- duction, and with the present Prospect for continued European demand it seems probable that any increase in world output would only serve partially to make up the discrepancy between supply and demand. it seems to be the opinion of soma reliable trade authorities that no material Increase in world supplies of lead is probable.

If this be true, high prices will probably work their own cure by causing consumption to diminish, but it is Impossible to judge a Jest what point this change might occur." C. L. Best Tractor Co. 7 per cent cumulative preferred stock continued to attract the lion's share of attention on the San Francisco Stock and Bond Exchange yesterday. During the afternoon session 80 shares sold at 106, 30 shares at 92 05 97 97 .100 98 101 9S14 greater orders and deliveries than a 107.

and 25 shares at 107. Tne 0-1 02 hid wa 108U with no stock year ago was officially made known V.nlnra Co Pwr Rs 1038 100 West Pac ft 1st 5s 1046 fest States ft Bs 1941 90 offered. The stock has been called 91 ana irom tnis oriei statement tne street found some encouragement to offset unfavorable observations to which ft had been listening in regard to the automobile industry in general. Establishment of Glen Alden Coal 12 12 STOCKS. WATER BTOCKS.

East Bay Water A 87 East Bay Water 73 Spring Valley Water 86 87 GAS AND ELECTRIC STOCKS. Calif Ore Pow pfd 95 Gt Western Pwr pfd 97 A Gas- Elec pfd 90 Northwestern Electric 22 Pac Gas Elec 1st 88 88 Pac Gas Elec com 92 Pac Lighting Corp 78 80 Pac Lighting Corp com Lt Pwr prior 98 Lt Pwr pfd Lt Pwr com 27 Sierra Pac Elec pfd 77 Sou Cal Gas pfd Western Power pfd Western Power com RAILROAD STOCKS. Mkt St Ry prior pfd Mkt St Ry pfd 21 Mkt St Ry 2d pfd, Mkt St Ry com F-Saeramento pfd F-Sacramento com INSURANCE STOCKS. Firemen's Fund Ins Home Fire Mar 26 Title Ins Guaranty 176 BANK STOCKS. American Bank Anglo Cal Trust Anglo Nat Bank ..155 Sutherland el low Dog ITETAIIAR.

as of June 1 at par but carries with it the privilege of exchangins into Best capital Btock, one share of preferred for two shares ($50 par value of capital stock. The capital stock 1s now on a 10 per cent annual dividend basis and sales on Palmer Union Oil pfd Palmer Union Oil Transcontinental OH 3 Petlm of Cal Petlm of Wyo 1.72 1.00 Ventura Oil MISCELLANEOUS STOCKS, America Factors Alhers Bros Milling pfd. Bancitaly Corp Cal Wine Assn com 42 City of Paris pfd City of Paris com Columbia Steel com Cypress Lawn Cemetery. Durant of Calif East Bay com 250 Goodyr of Cal pfd 91 Holland Land SO 63 Matson Navigation Orpheum Circuit pfd Orpheum Circuit com 18 19 Owl Drug pfd Owl Drug com Virden Packing com Western Water Co Zellerbach Paper pfd 97 89 Zellerbach Paper com on a $7 dividend basis gave heart to 01 er under construction in this newer uptown business district among the exchange reflect a growing ap- commission houses which have been oreciation of the exchange privilege advocating for study other coal 03 3 carried by the preferred. Holders Properties lately divorced from rail-of the preferred are now' depositing road affiliations.

Reading and Le. their stock for exchange at the hlh Valley were foremost in this Bank of California. N. A. The priv- consideration and again the poten-ilege of exchange expires June 1, tial dividend worth of tlfese com-' 1924.

1 panies was discussed. All directors of the St. Louis-San FINANCIAL NOTES Arrowhead Arrowhead Annex Buckingham Ulna Bullwhacker ij Climax Hdy Rd Mountain fis" Man Con 02 Mayflower Mineral Mountain Myra 04 Northwest Prince Round- Mountain 26 Veta Grande White Caps 64 OTHER DISTRICTS. Bdy Rd Mountain 10 Kingman Sunset Union Amalgamated S. Straus Co.

have purchased and are offering tstsue of The major oil pools are declining rancisco Company were re-elected at the stockholders' meeting today, STOCKS, JIh. Associated Oil Caribou t'luri'iiiont Coiimliilatc Mutual General Petroleum do nfd Hollv Development HoIIt nil Honolulu Oil Illinois Crude Junction Kirn Klver Mascot North American Oil Pacific Oil Palmer Union pfd Paler Union com l'inl Dome Petroleum Operator Premier Prwlucera Pyramid Record MeKlttrick Shell Union Sour Doueh Standard Oil of Calif S'W Sterling Texas Conosltdated Transcontinental Oil and unless a new pool is brought Intn nrntiitlrtM tViln Wrnfto ,,.111 ine airectors will elect officers in have to be made on storage. F. W.J New York in about ten days, them being the Wakefield building Bow under construction on Seventeenth street between Broadway and Franklin street, Connolly building a Nineteenth street between Broadway and Franklin Street, a new betel at Nineteenth and Franklin streets, a studio building on Broadway north of Seventeenth street, two buildings projected by the Owl Drug Company at Telegraph and Sixteenth street and on Fifteenth between Broadway and Franklin street and the Builders Exchange building at the northwest corner of Webster and Hobart streets. A recent survey of office accommodations in Oakland conducted by the Up-Town Association discloses $685,000 first mortgage of 8 Pr cent serial coupon bonds, secured by the ten-story Kay Office Building, to be erected at 1920 to 1930 Broadway, Oakland, Califo-nla.

nid Asked 2S 29 65 00 07 3a 39 30 SS' 41 2.20 2.30. .40 7oY rno" 1.65 1.70 46 46 .17 .20, .02 .03 .20 1.75 .03 1.25 2.00 23 16 17 .00 1.25 66 57 .12 8U'. .75 1.60; 3 4 52 Rank ef California A. 200 201 Marland, president of Marland Oil, Stewart Warner Speedometer Cor. told stockholders at their annual Poration reports net profit of meeting today.

Production and con- for the flrst quarter of sumption were now on a balance and S24, eo-ul -to $3.15 a Ehare on its I-ISTEU SAI-ES. 2000 Cal Petroleum 63 1000 Associated Oil 6s 1000 Market St Bank of Italy 228 230 Centl Nat Bank of flak 201 These bonds which constitute a direct closed first mortgage 97 98 99 97 99 First Nat Bank of F.210 tne inriustry Had not entirely re- i vmu? jjiuuiv, aKuinst itii, or H. 84 a share a. vear ae-o. land and building, are dated French-American Bank.

on ne Aartl fiRSbfl 103-anVi on All' to 1 1000 Los Ang El '5s '29 1000 Cal El gen mt 5s 1000 Pac Gas El Es coverea us earning power, he as I sorted. Net income of the company and its subsidiaries In the first! Humboldt Bank 198 200 91 15, 1924, mature in three vears and are callable at Mercantile Trust 250 quarter was $2,892,837 after deduct STOCK SALES. 1000 American Factors Ta 3000 Edl Lt ft Pwr 1st mtg 5000 do 5000 Edl LAP 5s. 1000 Genl Petlm 1st mtg 7s 20O0 Los Ang ft El 7a 1000 Miller ft Lax Inc 1st mtg 7s. rMlU do loOOO Pacific Gas ft 3000 Pac TAT 1st int.

a. V-'il Wells Fargo Un 197 SUGAR STOCKS. 103 101 lol 9 10.ji 101', 100 101 91 Profit and loss surplus was a gain of more than In instructing the French minister of finance to take any necessary measures to protect the franc from further-depreciation, the French cab ng JiJi.37 for depreciation, de 600 Liberty 3rd 4s 100-21 20 East Bav Water pfd. 85 35 Spring Valley Water 87 35 Spring Valley Wrater N44 87 75 Pac Gas El 1st R8 5 Pac Gas El com 92 Alameda Sugar 8 9 Ealamha Sug pfd 77 77 Calamba Sugar com inet was aware that the $100,000 25 do 92 000 Morgan credit was still avall- United Oil 24 United Oil Associates 52 24 62 pietlon and abandoned wells and leases, equal to $1.86 a share on the capital stock. DIVIDENDS.

Chesapeake and Ohio Railway Regular semi-annual dividend of $2 on common and $3.25 on preferred, both payable July lxto stock of June 3. 10 East Bay Water A pfd 70 Associated Oil viv 100 General Petroleum Union Oil of calif 115 115 aoie ror the purpose. Interests close to the Bank of France, however, do not believe this bond has been drawn upon. The unexpectedness of Kivt 1.70 interest for the first five years and at 102 and interest thereafter. Federal Income tax up to four per eent is paid by the borrower and they are exempt from personal property tax in California.

Interest coupons are payable April 15 and October 15 at the offices of S. StrBus fc Co. The railroad commission has authorized East Bay Water Company to use 1980,600 of the proceeds derived from the sale of bonds, and $326,800 derived from the sale of to finance additions and betterments, Including the Upper San Leandro project. Mount Lassen Transit Company 39' 24. .1.67 .1.67 46 46 46 46 -oincares defeat, thev assert, nrn vlded an excuse for selling francs I.7214 40 14 46K, lfli 80 Hocking Valley Rail way Regu Haw Com Sugar 44 46 Hawaiian 33 35 Honokaa Sugar 2 3 Hutchinson Sugar 12 Oahu Sugar 34 35 Olna Suerar 6 7 Onomea Sugar 42 45 Pauuhau Sugar Pltn 12 13 Pioneer Mill 28 29 Union Sugar pfd 26 Union Sugar com 23 24 OIL 8TOCKS.

Associated Oil 28 28 Cal Oil Can Calif Petljm pfd Calif Pet com Gen Petlm pfd 24 Gen Petlm 39 39 iuria amencan Oil 500 do Pacific Oil 108 do 60 Shell Union com 10 Standard Oil of 12O0 Coos Mutual MINING- SALES 1000 Gould ft 600 Ophlr 800 Central: Enreka .7.7.7, a current demand lor aesiraoie or- floe accommodations amounting to twice the available floor space, al- though a large area of office space has been opened within the past few months. Daily, increasing volume of newcomer commercial and manufacturing concerns is promptly ab-. aorblng such accommodations as fast as they are created. This is the thirty-ninth building major type on the Pacific coast and the third In Oakland to be i financed by S. W.

Straus the others being the Regtliui Apart-I mentg and the Medicul Arts build- in. Several olliei- building projects of importance in this city are now under investigation of which an-I aounceni'iil will probably soon be made. t-ecroieum Ventura Oil West Coast ofd INSURANCE Fireman's Fond Home A Title Insurauce ft Guar Vulcan West Coast Life Western States Life UTILITIES. Coast Counties Gas pfd Bay Water A pfd do tifd Federal Teleiranh Great Western Power Key System orlor Key Syatem pfrl A A nfif 01 04 1.40 lar semi-annual dividend of 2 per cent, "payable June 30 to stock of; June 3. Continental Oil Regular quarter- ly dividend of 60 cents, payable Junf 16 to stock of May 17.

Atlas Powder Regular quarterly i of $1 on common, payable June 10 anon, duc natural conditions soon established the rate. The Southern Railway syste.n's earnings of $65,311,414 since the first of the year, show a decline of $3,516,828. Atlantic Sugar Refineries had net earnings of $606,931 in 1923 compared with $127,965 in 1922, but profit and loss surplus was reduced from $5,060,314 to $4,487,840. 68 25 177 17 8n 86 78 89 100 Gen Petroleum com 200 do pfd J. 1000 American Oil 800 do 20 Pacific Oil 100 do i 100 do 60 15 do 150 do 10 Shell Union com 17 do 10 Std Oil of Calif 60 Calif Packing EO do 300 Federal Telegraph 1018 Pno Tel Tel rights 41,1 do 50 Bank of California 10 Bank of Italy 95 Best Tractor pfd 26 do 100 Pacific Lighting pfd STnUHT SALES.

2T.0 Best Tractor pfd. 170 do UNLISTED SALES. has applied to the raliroaa com mission for authority to issue ana sell 10.000 shares of its capital ..66 45 17 16 66 82 82 5. lc lc .200 .228 ..109 ..109 78 .108 .108 7 79 28. Cattlemen Urged to Diversified arm WINNIPEG, May 14.

Diversified farming- was declared to be the only hope for tha stock for $1.00. share, and to Issue 15,000 shares of Its stock already subscribed for. The same company has also applied the FINANCIAL NOTES 'Market 8t Ry prior Dfd cattle raiser by John Clay, presidert 92 8S 89 oi tne unicago International Livestock Exposition, speaking at the flrst annual banouet of the Tlnnlnetr commission for a certificate to op- era'te an auto stage line between Red Bluff and Westwood and to acquire all rights now held by Walter Gosmey. Mount Lassen Transit Company Honolulu Con Oil 2.12 North Amer Oil 1.67 1.70 Pacifc 01 45 4 6 Pan-Amn Petlm com Pinal Dome Oil Shell Union 16 14 Standard Oil 66 sterling Oil Dev 8 Texas Cons Oil Union Oil 115 n. Union Oil Assn 57 United Oil West Coast Oil pfd MISCELLANEOUS STOCKS.

Alaska Packers Assn 160 Amn Gold Dredging Best Tractor pfd. ...110 13 Booth pfd Cal Cotton Mills pfd to stock of May 31. Glen Alden Coal Semi-annual of $3.50 a share, payable June 20 to stock of record May 31. Great Atlantic and Pacific Tea Quarterly of $1 on common, payable June 15 to stock of record June 10, and regular quarterly of 1 per cent on preferred, payable Juno 1 to stock of record May 15. Remington Typewriter Accumulated dividend of $2 on second preferred, payable June 20 to stock of record June 14; also regular quarterly of $1.75 on first preferred, payable July 1 to stock of record June 21.

National Sugar Refining Regu Stockers and Feedera Show associa rortbwet Electric com do nfd Pas Gac ft Elec com do pfd 88 Pac Tel ft Tel pfd Sac Short Line, com do pfd San Joaq LAP com 26 do prior pfd 98 So Calif Edison 100 do pfd 104 Spring Valley Water Western Power com do pfd SUGARS. tion nere last night. Attending the function were mnra has applied to the railroad com American Exports I Show Big Gains VASHINGTON, May 14. (Inter-natlonal News Service.) There was a heavy increase in American exports and a heavy decrease In im-orta for the ten months period endue; May 1, the department of commerce announced today, i Exports Increased $350,321,000, While imports decreased $110,108,000. Total exports for the period were 11.670,838,000; imports, 0.

The Southern Pacific Company was authorized by the interstate commerce commission today to issue $17,640,000 of equipment trust certificates to be sold at 97.56 per cent of par for equipment purchases. Pan-American Petroleum Co has awarded contract for twenty-five retail service stations In Southern California. The company is planning- to put up 150 such stations this year costing approximately $1,500,000. which, together with the 100 Key System 2d pfd 26 7000 Cons Mutual S-9IK 6c 10 Pac Portland Centent 99 12000 Spring Valley 5s 95 1000 Los Ang El 98 2000 Cal Edison 6s ..102 101 104 87 mission for authority to issue anu an 10.000 shares of its capital than 600 livestock men from all parts of Canada and tha United States. "The cattle business," Clay said, is in a bad way at nreaent.

hut Cal Cotton Mills com SUGAR MARKET stock at $1.00 per share, and to issue 15,000 shares of its stock already subscribed for. The company also applied for a certificate to operate an auto stage line between Ked Bluff and Westwood and to acquire all rights now held by there is ground for Improvement shortly." Ca'lf Copper 1.82 1.37 Calif Ink pfd lar quarterly of 1 per cent on Calamba Sugar pfd Ewa Hawaiian Commercial Hawaiian Sugar common, payable July I Calif Pack 12 to stock i Purchase of sites, will represent to-1 tal Investment of more than of record June Federal Telegraph 5 Hnwallnn Plnennnle 62 Eastman Kodak Company Extra 00u. Walter Gosmey. 8 78 83 45 .7 34 35 40 a IS 6V4 44 28 29 83 Manila Electric reports for year dividend of 76 cents, in addition to I Honolulu Plantation Hutoblnsnn Sugar Oaahu Sugar Olan Siiirar COTTON MARKET ended December 31 net Income of Onomea The National City Company, Mer. cantile Securities Company, and the Harris Trust and Savings Bank were awarded the $450,000 Eureka high school district 5 per cent bonds, paving a premium of $5826.60.

Other NEW YORK, May 14. Buying by regular quarterly $1.25 a share common. AIbo $1.50" on preferred, payable July 1 to stock of record May 31. Ploueer Mill $1,060,739 after taxes, equai to $15.15 a share on $7,000,000 capital stock outstanding, compared with Three Billions Stole by Sale of Wildcat Stock Union Suar The California mil Hnworiiin Siutar Refining Corpfiratlon aootoi C. II.

ucar Dr 100 lb, as followa: Cane. irrHmilnteil berry xran slated, fine utandnrd sranulatcit. coarse (rranulate1, pnnfertlonera' AA 87.TO: XXXX powdered. 88.05: XXXX powrtVrert (In fiber container. 24 1-lt.

car-tnnn). -dessert. $.05: deasert (In ffnber containers. 24 ib. cartonil.

S0.30: cnhei. enbeleti, fJ.M: cnheleta (In caaea 12 5-1b. cartonai. aolld ia-k. fo.so: cubeietj fin ease, 30.

2 lb. nollrt pack, Brown (In fiber enntnlners. 24 l-lh. cartons). Extra C.

$7.40: Golden C. Yellow D. $7.20: "Alameda" Beet. $7.00. Weatern Sonar Refinery Quoted per 100 Wallau $1,063,646 or $21.27 a share in 1922 BANK STOCKS Haiku Fruit Pkg pool.

23 24 Haiku Fruit Pkg free 24 Holt pfd 95 Mfg 60 Magnavox 2.50 Natomas Cosof Cal pfd Pac Am Fire Alar-n Pac Tel Tel pfd Pac Tel St Tel com Pac Tel Tel rights lc Ec Paraffine Co pfd 87 Paraffine Co com 68 Sperry Flour pfd Sperry Flour com 87 46 bidders were Heller, rsruce os Dean Witter and the Wells The San Francisco office of E. H. Rollins Sons lias just received TICKER AND TAPE Fargo Bank and Union Trust torn-nanv. offering a premium Vef 1 from the New York office of the I same firm the earning statpmpnt 201 trade Interests caused firmness at the opening of the cotton exchange today, options advancing from 13 to 25 points. Buying was based on steady Liverpool cables and prospects of unfavorable weather In the belt.

Shorts also covered in anticipation of the consumption 1 eport to be published at 11 a. m. May opened at 31.40, up 25 points; July at 28.92, up IS points, and October at 25.05, up 13 points. American Bank 8 Anglo California Trust Anglo London Paris Bank of California A Bank of Italy Cent Rat Bk Oakland First -atonal First National Oakland $5062.50: Bank of Italy, $4ft78. nd Anglo London Paris Company, i2VJl.

The bonds are dated April-15. 1 334, and mature aerially from April 15, 132 J97 2-S 200 210 225 ir.s 110 107 161 246 153. T- 1 the Robert Gair Company for April production of Dodge Broth- the year 1S23 whi'cn hovns ers totaled 21,839 cars, compared that its net earnings (after operat- with 21,438 In March, 1924. and 18,000 ing expenses but before federal in April, 1923. Schedule for May Is! taxes and depreciation) were 22,000 cars.

929.677, or over seven times total 233 1925 to 1949. The Southwestern Utilities Corporation reports, through Freeman, Smith Camp that net in Ask. Chevrolet Motor April, 1924. 1 annual Interest on the $2,850,000 par French American Bank Bnnra Popolare Fugazi Humboldt Italian American Mercantile Trust United Bank ft Trust Wella Fargo Union Trust MISCELLANEOUS. Option.

value rirst mortgage bonds now outstanding. These net earnings Open. 24.08 Low. 23.0S High. 21.25 81.62 29.10 production was 33,767 Cars, against 46.826 in March, 1924.

and 36,000 In April, 1923. May schedule Is 37.500. General Motors Co. of Canada, 1923 output exceeded 50,000 90 Marco May. snow a very great Increase over the figures for 1922.

As of December 31. 1923. the ratio of the company's Telephone Inv Corp 20 milSTED BOND. tJid. Alameda Farms 6s Amalgamated Sugar 7s.

102 Co Pwr 2nd 6s. Calamha Sug Estate 87 Calif Northwest 1st 6s 98 Cehtrl Cal Crnjra 7s '31 Centrl Cal Traction Es Central Cal Traction ctfs Columbia Steel 7s 96 Cons Klec 5s East Bay Watr 6s '42-44 99 East Bay Water 7s ,.105 195 7054 81.40 28.92 31.00 28.80 in, in baits as roliows: Fruit crnnulaled. eitra fine Krann-Iated. $7.80: ronrse era eon fectlonera'. $7.

SO: confectioners' A A $7 80: table bar tabl6 bar (Mb cartons. 24 cartons to Jt.30: Monarch pow rterf'd, Monarch powdered (1-lb. cartons. 24 cartons to container), $0.30: XXXX powdered. 8S.0": little rubes, (hull! only), $8.5.1: cubes, larce slie, aeml-cubes, SV05: deml-cubes.

fi-Ib. cartons, solid ha'k cartons to case) rteml i nbes. 2 lb. carton. nlld pack (30 cartons to easel, Golden Brown, car tons (24 cartons to container).

Extra $7.40: Golden C. $7.30: P. $7.20. Spreckls Sn-ar Company: Rest rranu Iated (Kifl lb. baas only', per $7.0.

come for the first three months of 1924. available for Interest, taxes, dividends and depreciation, totals $138.950 over three times Interest on the company's funded debt. The company's business is expanding rapidly, and gross and net earnings show a most satisfactory Increase over the came period of 1923. July Close. 23.9S 24.07 31.3 2S.R7 20.65 25.

05 24.94 current assets amounted to TVW YORK, May than three billion dollars have been stolen from the American people since the war through the ale of spurious securities. District Attorney J. H. Banton declared at ihe annual meeting of the New York Slate Society of Certified Public Accountants tonight. Ban-to said he derived his authority from this statement from the Department of Justice.

"Complaints in my office show thit so-called reputable brokers in Wall street manipulated the prices of the securities of one corporation so that they were able to unload upon the gullible public to tha tune of $14,000,000," the district attorney asserted. cars, of which 27,000 were exported. 1 or ore than $1000 for each Anrll Tirodnctlon nf Hudson Mnlnp I $1000 par value, first mortgage December. 25.05 24.45 25.20 24.61 34.02 14.81 97 99 105 Company was 15.327 "Hudson" and "onas outstanding. The company "'Essex" cars, compared with 14,672 i Thls company in niov, 11 c7o in I 18 largest manufacturer In the o2'arCh'T.

l.n,Fe-IUarynd wor'd of paper containers, such as 122 lflf) S2 4 92 2 II 2.50 7A AiDera Bros Milling Bnm-ltalv Corporation Booth pfd Best pfd California Packing Conn Sec Corn com Cypress Lawn Imnror Goodyear Calif pfd llHwaiinn Pmcaontr Haiku Fruit ft Land Co Maenavox com Orl'heum com Orplnum eouv pfd Owl Co pfd folding boxes, corrugated cartons, i iipOuu in aiHnuaijTf i.t,, anu in April, 1923. 25 riupp uurporauon nnippea and is conducting a business which was established sixty years ago. Its issue of first mortgage 7 ner cent bonds was offered to the public In December, 1921. 3260 cars In April, compared with 102, Fairmotint Hotel 6s 37.. Gen cinv 6s.

Gt Western Pwr 8s 107 Gt Western Pwr 6s '49 Gt AVestern Pwr 6s 98 99 Gt West Pwr 6s '25 deb Holly Sugar 7s 98 Key System 1st 6s Kev System -ref Es 76 76 Key System ref 6s 82 Key System Securities 6s 75 A Gas El 6s '47. 91 92 "A Gas Elec 5s '43 91 A Gas El 6s '42 98 METAL MARKET NEW TORK, May 13. Another record for the year was established in local raw sugar market early today when sales of Cuhnns were re. ported at 5.46 duty paid. The business included about 25.000 bags of Cubans for nrnmnt shipment at R.46 and 16D0 bats for June at 5 53.

The issuance of May notices caused an earlv decline 6 points hi that delivery but they were promptly etonned anat the loss recovered. I'licirir Portland Paraffine com do pfd Unnta (-ru Port Cement ijperry Klour com do pfd 89 3953 in March and 4637 In April, 1923. Paige Detroit Company April i shipments totaled 4600 "Paige" and I "Jewett" cars. Production for April, 1924, was 3000 care, against 5.679 in March, 1924. and 6017 in-April.

1923. Reports that the Mexican government 'might find, if necessary to I want $22,000 on first mortgage, flat loan, two years, 6, on income business property in Oakland- Bank appraisal $50,000. NO BROKERAGE BoxM-1 59t70ribune who would like to know the records and INVESTORS YORK, May 14. Copper quiet: electrolytic spot and futures 13 ffi.13.- Tin. easier, spot and nearby 46.00; futures 44.87.

Iron 24 5 Telephone In Corp Virden Pscklng Western Meat Co com -biith andlpw 1 Alt Whitnel Pwr ETSrrnt y-Kumher 1 Northerns SLM Bp FTI a interest payments tern: Wattera -Pac 22.00; Number 2 Northern 20.U0i MINIJJO. Orpheum Circuit 7'As Pac Lt Pwr 1st 5s '42 Pac Lt K- Pwr 1st 6s '51 Pac Mills. Ltd 21.50; No. 2 Southern 22.00. Lead 2 Southern 22.00.

Lead pricesof stocks anil bonds over a porlod of years will be mailed "The- Investor's rocket Manual" free by Geary, J'eigs Co, 115 Montgomery reef, Pan Francisco. Phone Gar-Umd W0. rnnntlj whim lilniiei un rnv-erlng and commission house buying ami at mid-day showed net gains of 7 to 9 points. Refined sugar was unchanged at 7.1 to 7.50 for fine granulated. Refined futures were nominal.

rarlly on the bonds Involved In the debt agreement unless granted a new loan, elicited no comment from the international committee Of steady; spot Belmont Tonopah cv 7.37 ft 7. DO. Zinc Quiet: I Bullwhacker Conoslldatei! uis sot and nearby 6.1!,,!.::::::::::: Tou Est' 2.2U .90 East St. Lo Polnce Hotel 6s 100 101 Paraffine Cos 6s '42 bankers on Mexico. Mexican gov- C5.90.

Antimony spot 8.37. Umony spot 8.37..