Newspaper Page Text
SLOW BUT STEADY.
The Stock Market Recovering
An Advance in Values All
Along the Line.
A Steady Improvement on a Souud
Basis Looked for.
The Barings Deolare That Their Position
Ia Sound, but the European
Bourses Remain Weak.
Associated Press Dispatches.
New York, Nov. 17.—The stock mar
ket today, after having time to recover
from the scare of Saturday, was much
less active than for any day in the past
two weeks, and the evident return of
confidence caused a slow but material
advance in values all along the line, not
withstanding the fact that there was
great irregularity and feverishness
throughout the entire day.
There were two more failures an
nounced, both due to shrinkage in val
ues, but they had but a slight effect.
Today's developments show conclu
sively that the market for a long time
has been largely oversold, and bids and
ostensible purchases were made by
bears, when a number of stocks called
for could not be obtained in the market.
The general opinion seems to be that it
is now only a question with investors of
getting stocks at the present prices, as
the feeling of insecurity has almost sub
sided, and a steady improvement may
now be looked for on a sound basis.
The Barings' Position Sound.
A special from London saya the Bar
ings declare that their financial position
is sound now, aa the banka have guaran
teed three years eupport. The firm will
realize £4,000,000 surplua. They now
hold £8,000,000 ot the best commercial
paper in the world. Their total liability
is £21,000,000. It is conceded that
while they were embarrasaed by the
steady depression in Argentines," to a
considerable extent, the principal and
precipitating cause of their trouble waa
Russia's withdrawal of £5,000,000 from
the firm's accounts.
Matters Arranged Satisfactorily.
Boston, Nov. 17. —Kidder, Peabody &
Co. are in receipt of a cablegram from
Baring Broe., stating that all matters
are arranged satisfactorily and perma
nently, and authorizing Kidder, Peabody
& Co. to proceed with business as usual.
The Boston clearing-house committee
voted unanimously thia morning to is
sue clearing-house certificates, the rate
of interest on the certificates to be 7 3-10
per cent. Security must be put up by
any bank asking for certificates, in the
ratio of $100 for each $75 advanced. No
certificates will be asked for today. The
amount will not be limited.
IN WALL STREET.
Two More Firms Suspend, but Confi
dence is Fully Restored.
New York, Nov. 17. —High London
quotations and buying of stocks by Lon
don houses, caused a partial return of
confidence in the stock market. This
was increased by the understending that
Jay Gould, D. O. Mills, the Vanderbilts
and other important interests would
join hands in giving support to prices.
It was also stated that a large pool, in
which Gould was interested, had been a
heavy buyer of Northern Pacific.
10:10 a. m. —Stocks opened compara
tively free from excitement, strong and
higher for many of the leading shares.
Lackawanna, Burlington and Quincy and
sugar trust were the only stocks that
showed a marked decline.
Failure No. 1.
10:30 a. m.—Randall &• Wierum,
brokers, have suspended. Their failure
has had no effect on the market, which
now is steady, with the general list well
held at small fractions above opening
Wierum states that the engagements
of the firm were very small. He ex
pects an early adjustment.
The suspension of Randall & Wierum
was a great surprise to the street. The
failure is said by friends of the firm to
be due mainly to Randall's physical
inability to be upon the floor of the ex
change, and it is understood arrange
ments have been perfected to re-estab
lish the house at an early day.
10:45 a.m.—Stocks are quiet, with an
upward tendency. Weak stocks have
recovered their decline.
The market continued irregular and
feverish, though at 11 o'clock it was
generally firm at something better than
at the opening.
Another Firm Suspends.
11:20 a.m.—Gregory, Ballou & Co.,
brokers, have failed.
Gregory says the cause of the suspen
sion is shrinkage in stocks. He believes
their embarrassment is temporary only.
Stocks after 11 had a very ordinary
appearance, while trading was moderate
and firm at advanced prices over the en
tire list for fractional amounts. There
was considerable irregularity, however.
Northern Pacific preferred' and sugars
again developed weakness, retiring l l^.
Noon—Money sto (» per cent. Stocks
generally active and firm at the best
figures of the morning, although a few
unimportant stocks sold off under sales
for account at suspended prices.
At 2:15 the market was fairly active
and quiet, near the best prices of the
The Market Closes Firm
3 p. m.—Money has been tighter, rang
ing from 6to 186 per cent. The last loan
was at 96.
Bar silver, $1.00.
Stocks were quiet after 2:15, and firm
without material change. Closed fairly
active, firm to strong, at about the best
prices of the day.
Tho North River Will Not Resume—The
Manhattan a Borrower.
New Yobk, Nov. 17. —The application
for a receiver for the North River bank
has been postponed till tomorrow, pend
ing negotiations for the resumption of
Will Not Resume.
This evening State Superintendent of
Banks Preston said it was definitely de
cided that the North River bank would
not resume. The directors were unable
to secure the required funds. It was
pretty well understood that this result
was made necessary because of the
stand taken by two of the Wall
street banks, which insisted that unless
actual cash to the amount deposited .in
THE LOS ANGELES HERALD; TUESDAY MORNING, NOVEMBER 18, 1890.
the bank waa in the possession of the
bank to meet the demands of depositors,
the bank Bhould not be allowed to clear
through the clearing-house. Preston
said from a closer examination of the
collaterals held by the bank as security
for loans, he had "found that there would
be a shrinkage in their actual value.
This, he believed, would make a nomi
nal deficiency of about $10,000.
Th« Manhattan Borrows 91,000,000.
It was rumored on the street this
eveni g that the Manhattan bank had
borrowed $1,000,000 on loan certificates
from the clearing house. The officers of
the bank would not talk on the subject,
and President Lappan of the clearing
house would not deny or affirm the
rumor. It waa said by several brokera
that the Manhattan bank was in a per
fectly sound condition and that the bor
rowed million was for the use of
several of the bank's customers who are
believed to have given gilt-edged securi
ties for the same.
IN FOREIGN MARTS.
The Continental Bourses Weak-London
Prices Practically Unchanged.
London, Nov. 17. —12:30 p.m.—For
eign securities are depressed ; consols,
steady ; American securities, weak. The
rate of discount in the open market is
nominally the same as the Bank of
England rate. Dispatches from the con
tinental bourses show that they are all
2:30 p.m.—Foreign securities and
American railway securities, flatter;
prices continue to recede; consols and
English railway securities, steady.
4 p.m. —Tho market for foreign and
other securities is better. American
railway securities are very excited.
Prices are generally unchanged or 14 to
Paris, Nov. 17. —Financiers take a pes
simistic view of the financial situation.
THE REVENUE MARINE.
What the Service Has Done in the Past
Washington, Nov. 17. —Captain Shep
pard, tlie chief of the revenue marine
division, reports that during the last
fiscal year the thirty-six vessels in com
mission traversed 288.112 nautical miles,
and boarded and examined 23,161 ves
sels, of which 015 incurred fines and
penalties,amounting to $396,616. Eighty
distressed vessels were assisted, the val
ue of which,with cargoes.was $2,500,000.
Forty-three persons were rescued from
drowning, and 811 assisted in other
ways. The expenditures were $937,033.
The report says several new vessels
are required for the proper maintenance
of the service. Rapidly increasing com
merce at the ports of Boston, New York,
Philadelphia, Chicago and San Fran
cisco, demand that new steamers of mod
erate cost be furnished at each of these
ports within the next two years, to re
place vessels nearly worn out and not
suitable for service. The greatly in
creased work required on the Pacific
coast makes another vessel for duty on
that station absolutely necessary.
GOULD, THE GRABBER.
The Atchison Now Said to Be Under His
Chicago, Nov. 17.—A special dispatch
from Kansas City, printed here, aßserta
that Jay Gould has secured a controling
interest in the Atchison, Topeka and
Santa Fe railroad.
Washington, Nov. 17. —In submitting
his annual report to the secretary of the
navy, Commodore Farquhar, chief of the
bureau of yards and docks, gives esti
mates for the maintenance and imple
ment of the navy-yards and docks as fol
lows: Yard improvements, $1,161,718;
repairs and preservation, $350,000; gen
eral maintenance, $300,000; contingent,
$40,000; civil establishments, $64,311;
naval home, $78,295; support of'
the bureau of yards and docks,
$12,430 ; total, '$2,006,755. These
estimates are reduced from the total of
$4,692,396, submitted by the command
ants of the different yards. No esti
mates are submitted for the Pensacola
yard, pending the decision aa to the lo
cation of the gulf navy-yard. The larger
estimatea for .Mare island navy-yard are
$20,000 for a gate house and gate ; $25,
--000 for quay walls ; $25,000 for an arte
Washington, Nov. 17. —The amount of
silver offered to the treasury today was
1,475,0000unces ; theainount purchased,
745,000 ounces, at $1.00 to $1,005, mostly
at the former price. The amount pur
chased during November at the mints,
to date, is 425,375 ounSes. The amount
purchased to date, including that at the
mints, is 3,977,375 ounces.
Insurance Companies Fall.
Minneapolis, Minn., Nov. 17. — The
Lumbermen and Manufacturers Fire In
surance company and the Mutual Fire
association were this morning placed in
the hands of receivers. The business of
the companies was confined mostly to
Wisconsin, Minnesota and Illinois. The
assets, $150,000, are largely in excess of
the liabilities. ,
Western Wealth for the East.
Washington, Nov. 17. —Nearly a quar
ter million dollars was transferred from
San Francisco to New York today, under
the privileges extended by Secretary
VVindoin, making the total transferred
and immediately available in New York,
Visible Oralo Supply.
New York, Nov. 17. —The visible sup
ply of grain: Wheat, 23,197,000; corn,
5,058,000; oats, 3,971,000; barley, 4,765,
How to Succeed.
This is the (rreat problem oi life which few
satisfactorily solve. Some fail because of poor
health, others want of lack, but the majority
from deficient grit—want of nerve They are
nervous, irresolute, vhangehle, easily get the
blues anu ,- t ke the spirits down to keep the
spirits up," thus wasting money, lime, oppor
tunity and nerve force. There is nothing like
the Restorative Nervine, discovered by the
great specialist, Dr. Miles, to cure all nervous
diseases, as heuduche, the blues, nervous pros
tration, sleepleH-uess neuralgi j ,St. Vitusdanec,
tits, and livsteriu. Trial bottles and fine book of
testimonials free at R. W. Ellis & Co.
California Vinegar and Pickle Works,
Telephone No. 359,
Removed to 555 Banning street, opposite roup
factory, near Alameda and First streets, one
half block from electric light works.
When purchasing teas or coffees, do
not look for a chromo ora six cent pickle
dish to go with it, but go to H. Jevne's
grocery house, where pure teas and cof
fees at proper values can always be had,
136 and 138 north Spring street.
Drink Eu< alyi-ta for headache, sour stomach.
F. Adam, Pioneer Tailor.
Call on him at 213 N. Spring street (up stairs)
for the best fits and lowest prices in the city.
Adam does his work at home, on short notice,
and always suits bis patrons.
Eccalyfta stimulates, bnt does not intoxi
(Jordan Bros., 118 8. Spring street, the place
for bargains in domestic and imported woolens.
Call and be convinced.
REDUCING THE TIME.
FROM LOS ANGELES TO CHICAGO IN
Great Improvemants on the Santa Fe.
Some Points on the Chicago Exhibit.
People Who Are Coming Here.
Correspondence of the Herald.
Mr. Manvel, president of the Santa
Fe, returned here from Boston a few
days ago, where he had been to meet
aud confer with Messrs. Magoun and
Baring, who may accompany him when
be leaves for California next week. The
Santa Fe, which averages rising thirty
miles an hour at present between Los
Angeles and Chicago, and makes the
run between the two places in four days,
has had some new locomotives com
pleted for that service, and will put them
on the road about the middle of the
present month, and shorten the time
eight hours, and make the run between
Chicago and Los Angeles in three dayß
and sixteen hours, and have dining cars
on all the trains clear through, a num
ber of which are already being placed at
different points on the road. This will
be the quickest and finest regular train
across the continent, and will beat the
Southern Pacific about twenty-four
hours. Thia new fast service will take
the San Francisco passenger from Chi
cago to his point of destination, via the
Atlantic and Pacific, in a little over four
daya. It ia a aafe wager to lay that
by the time the Southern Pacific com
pany completes ita Coast Line, the Santa
Fe will be running veatibuled trains
between Chicago and San Francisco in
one hundred hours over ita own lines.
New bridges and new culverts, and the
removal of earth in deep cuts and other
improvements along the whole line are
being made, and it is the determination
of ita president to at once make the
Santa Fe the fastest, best and altogether
the most enjoyable and, of course, one
of the safest across the continent. Aa is
well known, a large majority of the peo- |
pie of Southern California already travel 1
by this line wnen they make a transcon
tmental journey. The Santa Fe is
highly pleased with its patronage
throughout Southern California, ' and
will soon construct another branch,
which will lead from the main line to
the Temescal tin mines, the owners of
which will soon commence operations
on a gigantic scale.
There is no doubt in my mind that in
lesa than three years there will
he still another transcontinental
thoroughfare terminating either at
San Francisco or Los Angeles,
or at both places. Los Angeles ia going
to be a great gainer by the completion
of the Coast Line, which will do it more
gcod, or as much, aa a new transconti
nental railway. My impression ia that
ita builders will run a vestibule train,
with parlor, dining and composite cars,
lighted with electricity and heated by
steam, between San Francisco and Los
Angeles, in from seventeen to eighteen
hours, or even less. I know that it is
the object of Mr. Huntington and Still
man and Towne to make the train a fast
• nt and a dandy service in every respect.
New locomotives and cars are already
ordered, and a great patronage is ex
pected. It ia fair to presume that where
one person now travels between San
Francisco and Southern California, there
will be from thirty-five to fifty when the
Coast Line ia completed.
Will Winter in Southern California. I
Mr. and Mrs. George M. Pullman have
issued cards for a stunning reception on
the 151 h inst., after which they will
leave for California, accompanied by
their two daughters and twin sons ; and
all but Mr. Pullman will winter in
Southern California, taking in San
Diego, Los Angeles, Pasadena and Santa
Barbara. Mrs. Pullman is very fond of
the latter place. She is in poor health,
but attributes returning strength to the
beneficent atmosphere and climatic
balm pervading the southern portion of
the queen state of the Pacific. When
the country hereabouts gets on its invit
ing autumnal manners and Chicago's
Indian summer sunshine successfully
subdues the bleak zephyrs from the
lake and repels the threatening blasts
from the west, Mrs. Pullman calls it
Southern California weather, and longs
to again get out to that flowing slope
where Hygeia benignly reigns, and
where the exquisite winter air is im
pregnated with spices from far off
The Southern California Kxhtblt.
Since it has been established, the
Southern California Permanent Exhibit
has received four cars of fruit, vege
tables, minerals, etc., from the four
southern counties that projected the ex
hibit, and a considerable number of
people visit the Rialto building daily.
Among the things that astonish most "is
a watermelon from San Bernardino
county weighing just 101 pounds;
oranges from the same county which
have hung on the trees ten months; a
sweet potato from Los Angeles weighing
twenty-two pounds ; a squash weighing
250; fourteen watermelons weighing in
the aggregate 972 pounds; one hill of
sweet potatoes, forty-eight pounds; a
beet four feet two inches in length—
measured by some gentlemen from the
board of trade; corn in stalk nineteen
feet in height; and orange, lemon and
lime, walnut, pepper, cactus, banana,
yucca and accacia trees in boxes. From
San Diego county, 110 plates of various
fruits, consisting of oranges, lemons,
limes, pomegranates, persimmons', ap
ples, pears, grapes,. and all varieties of
vegetables; also marble, honey, pre
pared fruit in cans and jars, raisins, ligs,
walnuts, peanuts, chestnuts, pecans and
Orange county holds her own with
ninety plates of quinces, pears, pome
granates, guavas, persimmons, apnles,
grapes, and nuts of all varieties known
in Southern California, and there are
monster squashes, beets, turnips, spuds,
pumpkins, watermelons, hops, parsnips
and sweet potatoes from the baby
county, and corn in stalk from seventeen
to nineteen feet in height. A bale of
alfalfa hay is an object of much atten
tion. There are a great many quinces
that weigh over two pounds each.
There is a splendid display of dried
fruits from the four counties, much of
which is in boxes covered with glass.
Everything is labeled with the county
making the exhibit, and names of con
tributors are also presented in many
cases. The visitors may be classified
about as follows: In the forenoon, peo
ple generally who arrive at the Lake
Shore depot immediately opposite, and
at the Santa Fe a short way off; between
12 and 1, workingmen ; and in the after
noon, men who look like bankers and
brokers; and, all day, tourists and home
seekers, and others.
No More of It for Him.
There were two plates of the fruit of
the prickly pear on exhibition for a
while, but they have gone into decay.
They got in their infelicitous work, '
though, before they were sent away.
One man, it is said, put a piece of the
thorny fruit down much quicker than
he picked it up, and uttered a short
word of four letters which cannot be
found in the revised edition, and he
hasn't been in since. Perhaps he has
gone out to Southern California to see
all about its bristling resources.
AH About Squashes.
The 250-pOund squash looks like a
stage squash since it was varnished, and
lots of people circumvent it daily who
do not believe it is a vegetable produc
tion at all. Notwithstanding the words,
"do not touch," lie upon its glistening
summit, people persist in patting aud
pressing it, rapping and punching it
with their canes and umbrellas, snapping
it, kicking it gently and otherwise in
vestigating it in a cruel way. Two
i squashes have fallen in and gone to
I some bourne for such colossi. Those
who are not up on squashes have no
idea how rapidly they mush up as soon
as decay sets in. I should call it a sort
of vegetable la grippe, as the victim is
knocked completely out at the drop of
Not So With the Watermelon.
It is altogether different with the fes
tive watermelon; when they let go,
they bulge out. so to speak, and do not
leak. Why, one morning, after all had
been serene and dry in the vicinity of
that gigantic squash the night before,
it was found in a pool of water almost
big enough for fish—small fish of course.
Monster Beets Hold Their Own.
The monster beets attract a good deal
of admiration. One gentleman re
marked in my presence, a day or two
ago, that they were the biggest dead
beats he had ever seen, except some of
the real estate dealers and lake front
brokers of Chicago. I think it must
have been a St. Louis man who re
marked, however, because I heard him
declare afterward that, "although they
kill more hogs here than any other
place in the country, the late census
shows a greater increase of population
than any other city." I also heard him
say to his wife that "every other store
on State street is ashoe store," and that
last remark convinced me that he was
surely not a citizen of Chicago. The big
onions and the big sweet potatoes, the
enormous Murphys, and the big
pumpkins are viewed with curious
eyes. The sky-scraping stalks of corn,
wheat, wild oate, millet, alfalfa, broom
corn, and corn, and smaller grains in
jars, get a good share oi the general ad
miration which is bestowed upon the
whole. Of course, the tables of fresh
fruits and the dried fruits and fruits in
jars are the most admired.
Some people visit the exhibit and stay
a long time, and others drop in for a few
moments and then bring in ladies after
wards. An old colored man ambled in
about a week ago, and said: "Boss, I
wants to be yere wen ye cuts one o' dem
watermilliona" —and he dodges in and
out every day about 4, and his mouth
waters more than the melons.
Among the many other exhibits that
attract especial attention are a pyramid
each of condensed coffee and milk from
the Pacific Condensed Milk, Coffee and
Canning company, Buena Park, Orange
county; pyramids of baked beans and
brown bread, lemon and orange juice
and tomato catsup, from Philbrook A
Stetson, Pasadena, Los Angeles county;
a table of minerals from South River
side, San Bernardino county; a tremen
dous pyramid of assorted canned
fruits and vegetables from the Southern
I California Packing company, Los Ange-
I les ; a number of beautiful specimens of
! variegated marble from Kimball Bros.,
I National City, San Diego county; Egyp
tian corn and a 93|i;'-pound watermelon
from Chino, San Bernardino county,
and some monster apples and orangeg
from the same county; some magnificent
cases of dried fruit from the Pasadena
Drying and Packing company; some
beautiful exhibits of dried fruits from
Monrovia; a bewildering array of dried
fruits from Pomona; sewer and water
pipe from Elsinore, San Diego county ;
two 50-year-old grape vines from Mrs.
Coronei, Los Angeles ; a large variety of
citrus fruits irom E. F. Wells, Intor
laken, San Diego county; tremendous
quinces from Los Angeles, San Bernar
dino.Orange and San Diego counties, the
very largest from Poway; fine apples
and pears from Julian and Banner,
San Diego county; raisins from
El Cajon, San Diego county;
case of orange plaques and ostrich eggs
from Mrs. J. M. Patterson, Los Angeles;
English walnuts, pecans, almonds, pea
nuts, barley, corn, wheat, flour, rye, all
in jars, from various parties; a case of
honey from E. Mercer & Sons; four oil
paintings from Mrs. Ellen B. Farr of
Pasadena, and a great number of other
things too numerous to mention.
California on Wheels.
The weather has been generally pro
pitious, and so the fresh fruits and vege
tables kept well, and the turn out to see
the exhibit is proportionately large.
Apropos. I have met quite a number of
people during the past week who claim
that they are going to California to live
on account of having seen California on
Wleels. I have never got a sight of that
unique caravan yet, but it has un
doubtedly sent thousands of people to
California, and is a perfect stem-winder
as an advertising medium. The demand
for dried fruits, as well as for other pro
ductions, is also advertising our state in
more ways than one, and home-seekers
and visitors are alike looking toward
that country, where equability of tem
perature and prodigality of soil are
potent agencies of population.
Dead Onto It.
Mr. R. F. Wilson of Los Angeles is
here booming the Silver Valley Land
and Water company, which has a vast
tract of desert land near Daggett, and
which —when water is conducted to it
from the Mojave river—will, like River
side, Redlands and other once uninvit
ing sweeps of country, yet blossom as
the rose. Mr. Wilson carries around
with him photographs of fig and orange
trees, and clusters of grapes that would
make a hopper ashamed of itself.
Marks, the colonization agent here of
the Southern Pacific, is booming Kern
county just at present, and hopes to
send multitudes of home-seekers out
there to whom he will sell lands on easy
Colonel E. W. Root, manager of the
hotel at Redondo beach, is in Chicago
and vicinity working up business for the
fine new hotel at that place, which will
be reopened in January. In the mean
time Colonel Root will make a circuit of
the states and chin the beauties of Re
dondo in other than a minor key.
Walter Raymond is here, and tells me
his hotel at Pasadena will open in De
cember, half of the rooms being already
engaged for the winter. B. C. T.
Chicago, Nov. 10, 1890.
Prevents tendency to wrinkles or ageing of
skin. Prevents withering of the skin or d ying
up of the flesh. Nature's wonder for preserving
South and freshness. 11.00, large bottles, at
Main Street Savings Bank and Trust Co.
NO. 426 HOI Til MAIN STREET, l.os ANGELES, CAL.
INCORPORATED Oct. 28TH, 1889.
CAPITAL. STOCK, ...... $200,000
J. B. LANKERSHIM, Prcst. F. W. DeVAN, Cashier. CHAS. FORMAN, Vice-Prest.
Chas. Formnn, J. B. Lankershim. J. H. Jones, Daniel Mever, A. H. Denker, E. Cohn. Pierre
Nickolns. O. T. Johnson, G J. Urittiith, I. W. Hellman, M. Wefler, Wm. 8. DeVan, I. N. Van Nuys,
H. W. O'Melveny, J. J. Schnllert, Geo H; Pike, 11. W. fitol), Wm. G. Kerckhoff', E. E. Hewitt, Wm.
H«as, Richard Altsehul. F. W. DeVan, A. Hass, L Winter. E. Germain, C. Gamier, Mrs. M. B.
Mansfield, R. B. Young:, Ka»pare Cohn, R. Cohn, A. W. Beholle, 8. Haas, H. Newinark, ,S. U. Hub
bell, H. Wilson, Mrs. A. L. Lankershim.
The Design for this Institution is to Afford a Safe Depository
For the earnings oi all persons who are desirous of placing their money where it will be free from
accident, and at the same time be earning for them a fair rate of interest.
Deposits will be received In sums of from one dollar to five thousand dollars. Term deposits
in sums of fifty dollars and over.
We declare a dividend early in January and July of each year. Its amount depends on our
earnings. Five per cent, on term and from three to"four on ordinary.
Remittances to all parts of the world. Letters of credit and Cheque Bank cheques issued to
Money to loan on mortgages. Bonds and dividend paying stocks bought and sold.
For further particulars, circulars, etc. address the Bank.
GERMAN-AMERICAN SAVINGS BANK,
No. 114 Soutli Main Street, Los Angeles.
CAPITAL. STOCK, ... $100,000
B. N. MCDONALD, President. VICTOR PONET, Treasurer.
W. M. SHELDON, Vice President. LOUIS LICHTENBERGER, Vice President.
M. N. AVERY, Secretary. P. F. SCHUMACHER, Asst. Secretary.
Deposits received in any sums over One Dollar, and interest paid thereon at the rate of Three
per cent on ordinary deposits aud Five per cent on term or long time deposits.
First mortgage loans made on real estate at lowest current rates. 10-16-om
Citizens' Bank of Los Angreles,
COI?NEI? THIIJD AND BPHINQ STS.
T. 8. C. LOWE President.
T. W. BROTHKRTON Vice-President.
F. D. HALL Cashier.
T. 8. C. Lowe, H.L.Williams, C. F. Cronin, L. W.Blinn, T. W. Brotherton
Transacts a general banking business; sells exchange: discounts notes; accepts accounts
subject to check; pays interest on time deposits. Give us a call. 11-11-6 m
ORANGE LANDS FQRIIL
TI SEMI-TROPIC LAI AM WATIR CO.
Have about 20,000 acres left of their original purchase of 29,000 acres of
the best orange land in Southern California.
We have always sold our lands for $200 per acre, until this fall. Now we
have reduced the prices and fixed our terms to bring the land within the
reach of all. We are arranging two irrigation districts under the "Wright
Irrigation Act," and are selling land in one of these districts at $75 per
acre, with a rebate of $15 per acre for improvements, to be put on the land
by the purchaser the first year. This leaves the net price
AT $60 PER ACRE!
Payable, $10 per acre cash, the balance in three equal payments, due in
2, 3 and 4 years, at 8 per cent interest. In the other district we sell the
land for $100 per acre, with a rebate of $25 for improvements put on the
land by purchaser the first year, which leaves the net price
AT" $75 PER ACRE!
Payable $10 per acre cash, balance in 2, 3 and 4 years, at 8 Der cent,
Our lands lie four miles west of San Bernardino and Colton, on the Santa
Fe and Southern Pacific railroads, seven miles north of Riverside, and we
are prepared to establish the fact that in quality and location they are
not excelled in this country. Our elevation is 1300 feet above sea level,
being about 400 feet higher thau Riverside, and almost entirely free
The home office of the company is at Rialto, one of our four railroad
stations; and the officers are: Ex-Governor Sam'l Merrill, President;
Major Geo. H. Bonkbrake, Vice-President; F. C. Howks, Treasurer; J.
L. Merrill, Secretary.
A land buyers' excursion is run by L. M. Brown every Friday morning
from Los Angeles to Rialto, where carriages meet the train and carry pas
sengers over the land. Train leaves Santa Fe depot at 8:30 a. m., and
leturning arrives here at 6:30 p. m. Fare for round trip, $2.65, which is
returned to each purchaser of land. Tickets good for ten days.
L. M. BROWN, 132 N. Spring Street,
Los Angeles, is the agent of the company in this city, who will give further
information on application either in person or by letter. 10-9-tf
Worki, S7l, 573 aid iVo North lain Street Telephone No. 46.
MAIN OFFICE, UNDER LOS ANGELES NATIONAL BANK, FIRST AND SPRING STREETS.
and Lawn Tennis|Buits and Tenuis Shirts Neatly Done.
W. I=L ALL^N^T
Warerooms, 332 and 334 S. Spring Street.
IMPORTER AND DEALER IN
Furniture and Carpets, Bedding, Window Shades, Silk and
Lace Curtains and Portierres, Curtain Fixtures, Cornices,
Upholstery Goods, Baby Carriages, Etc.
Newest and Latest Styles in the City.
ORANGE LAND AT REDLANDS
ON TEN YEARS' TIME.
r FHE BARTON LAND AND WATER CO. have concluded to sell the remainder
of that grand old Ranch in small tracts of 5, 10, 20 and 40-acre pieces with
pure mountain water piped to it and deeded with the land at $300 per acre. ' Only
10 per cent cash required at tisne of purchase, and NO FARTHER PAYMENT
for TEN YEARS, except 6>g per cent interest per annum. The buyer gets a con
tinuous flow of one (1) minei's inch of water with ey.ch seven acres."
Over 1250,000 worth of this land has been sold in the psst year, principally to people that
have been engaged in orange growing for many years. Over HO.OOO orange trees have been
planted by the settlers berween March Ist ai d August Ist, 1880. All of the land is within one
ana a half miles of the center of the city of Redisnds, and a good deal of it within thrceauartera
of a mile. Railroad and motor line through the land. 1 ™
You closely-confined, tired out BUSINESS MEN, go and spend »1S per month for care of
ten acres, and within five years you can sell for 110,000—if properly cultivated TTTI Tt It h
PATENT. For further particulars, write to V ouiuvaufO, ITIUt U. B.
w. p Mcintosh,
President and General Manager,
10 20 1m 144 South Main Street, Lob Angelee, Cal.