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The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, May 28, 1897, Image 9

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Los Angeles, May 27, 1897.
The Mining Investor, published at Color
ado Springs, devotes considerable space In
its Issue of the 22d Inst, to a discussion
of the situation at Cripple Creek mining
district and the Stock market In connection
therewith. It says that two things have
happened: "Prices of mining stocks have
declined enormously and the output of the
Cripple Creek district hae Increased won
derfully. By referring to the estltfiates and
computations of the conservative we find
that about eighteen months ago the value
of Cripple Creek's production was, In
round figures, about $750,000 per month.
Quite recently It has been shown that the
monthly output Is something better than
$1,000,000 per month. On the other hand we
find that the principal stocks, Including
those which represent the producing mines
responsible for the Increased output, have
declined from a total value of about $18,
--700,000 to $5,700,000, representing a loss of
nearly 70 per cent.
"Is the camp all rlghtTlt would seem so.
In 1891 the production was about $20,000.
Without all signs fail the production of
ISO 7 will be well over $10,000,000, and ln the
interim the Increase has been steady. Con
sidered In this light, then. Cripple Creek
Is satisfactory. It Is doubtful, indeed, if
any other ramp ever made such a rec
ord, although other districts have had far
greater support In the way of financialJn
vestment for the development of pros
pects. Cripple Creek Is an Ideal poor man's
camp, for values In the ore are frequently
found actually at the surface, and on this
account the prospector of limited—some
times very limited—means Is enabled to
open up a mine because his expenses are
met by the ore taken out from the first
foot of work.
"The greatest depth at which any mineral
vein has been developed is slightly over
1000 feet, and at that point the values
were as good as they were closer to the
surface. In other shafts of the camp,
which have reached considerable depth,
and which have developed ore bodies,
values have proved good and equal to any
thing above, so that on the score of values
with depth the Cripple Creek district is
oertalnly all right, and It does not seem
likely that Investment in mines or stock*
is prevented from any actual fear at the
values of the ore bodies declining with
♦ ♦ ♦
The Mining Investor also quotes with ap
proval from the market lists of a local
firm, which says:
"Investors desiring large profits with a
minimum risk should purchase Cripple
Creek gold stocks at the present low
prices. It is generally acknowledged by
all who are In a poslton to form a cor
rect opinion of the situation that It Is
only from the lack of knowledge on the
part of eastern and foreign Investors of
the good conditions of the mines and the
steady improvement which Is being made
In the output which Is preventing them
from taking advantage of the opportunity
which now presents itself of buying
stocks below their value."
The supreme court In a late decision
says: "To eupport the deed of a corporation
which is without a corporate seal, it is In
cumbent upon the party relying upon It
to show affirmatively that it wis executed
by authority of a resolution of the board
of directors, entered on. the records of the
corporation, or that It was ratified by such
♦ ♦ ♦
The Are commlsloners have submitted
to the council the plan first proposed by
ex-Commlssloner Vetter for the issuance
of. say, $150,000 4 per cent bonds for the
purchase of sites and the construction of
thirteen new buildings, with the necessary
apparatus. The city, it Is urged, Is now
paying $8000 a year in rent for engine
houses, which Is equal to 4 per cent on
$200,000, and It would he a desirable thing
for the city to own all Its engine houses.
It appears to be a little doubtful whether
the city could acquire the necessary lots
and set up the buildings, for a total expen
diture within the amount Indicated. Some
of the ground required would be expen
sive and a very careful estimate should be
made ln detailed shape, showing the pos
sibility of accomplishing the desired end
without going beyond the amount asked to
be appropriated.
♦ ♦ ♦
Landlords should take note of a decision
ot the supreme court, filed the 21st Inst., in
the case of McDowell, respondent, vs.
Hyman. In which the rights of tenants
In the matter of repairs are set forth. The
court says:
"The principal covenant on the part of
a landlord, which If not expressed Is Im
plied, Is thnt the tenant shall have the
quiet enjoyment and possession of the
premises during the continuance of the
term. The covenant, whether expressed
or Implied, means that the tenant shall
not be evicted or disturbed by the lessor
or by persons deriving title from him, or
hy virtue of a title paramount to his, and
implies no warranty against the acts of
strangers. It is equivalent to a stipula
tion that the lessee shall not be right
fully disturbed in his possession during
the term, not that he shall not be disturbed
at all. See Taylor on Landlord and Tenant,
vol. \ sec. 305. Also civil code. sec. 1927.
"Fljats are as much separate dwellings
as ordinary adjoining houses are. The dif
ference is that flats are under one roof and
are divided from one another by a horizon
tal plane, but ordinary adjoining houses
by a perpendicular or vertical plane. See
also Taylor on L. and T., sec. 60.
"The landlords, as owners of the second
floor, had a right to repair, alter and Im
prove that portion of their premises, but
In so doing they were bound by their im
plied agreement so to conduct their oper
ations as not to dispossess or render un
inhabitable the portion of the building
they had devised to others; and If they
failed ln that duty they were liable to
their tenant, Irrespective of the question
of negligence. As against third parties
they could take down the outer or inner
walls of the building at will, subject only
to such negligence and consequent Injury
as might render them liable to parties in
jured thereby, but as against their tenant
they could not do the same thing, even ln
tho most careful manner, If the result de-y
stroyed the quiet enjoyment of such ten
♦ ♦ ♦
Bell Telephone stock Is thus referred to
by the Financial Record: "We should
realize in American Bell Telephone stock.
Its present quotation, 233, discounts a good
many years' good things to come from it.
The company la well Intrenched, but we
hardly think it will maintain its present
monopoly. We do not think that the Bell
Telephone will be able to keep companies
who have secured patents some sixteen
years ago, and whose patents have ex
pired by limitation, but which have been
restrained on account of the Bell patents,
will continue to be rtept from public use
on account of the Berliner patents."
* ♦ ♦
The London Shareholder says: "The
Rothschilds have had bod luck of late.
This celebrated 'house' Is known to be
largely interested in South Africans and ln
Brazilian stocks which are in a very rot
ten condition. The Grand Central mine of
Mexico Is evidently doing badly, and now
something appears to be wrong with Ana
condas. In spite of the recovery In the
price of copper these shares have been
pressed for sale of, late, and as tho price
of 5% carries a So dividend It cannot be
attributed to Inflation. The sooner the
real position Is known the better for all
♦ ♦ ♦
Following is an official statement of the
exports of leading products from the
United States for the month of April, with
changes from last year: Breadatuffa, $12,
--109,643; Increase, $2,565,205; cotton, $13,941,
--,806; decrease, $363,008; mineral oils, $4,046,
--i 766; decrease, $726,496; provisions, $12,968,611;
Increase, $428,260.
♦ ♦ ♦
Prof. E. W- Bemls, who hae been Inves
tigating the affairs of the Chicago street
railways, writes the Boston News Bureau
as follows: "The shares of the three lead
ing street railway companies have all sold
above par during the year. On the basis
of the average price of their securities In
1896 the market value of the three leading
street railway systems which operate 48S
miles Is, approximately, $90,000,000, against
a valuation, measured by cost of duplica
tion, of about $30,000,000. All taxes and
special payments of the three leading
roads in 1896 were 4.42 per oent of the total
or gross reoelpts of $11,941,524. The gen
eral taxes were $253,376, or 2.12 per cent of
the gross receipts. The other payments
were $278,170, or 2.29 per cent ot the re
♦ ♦ ♦
The Boynton bicycle railroad Invention,
which attracted much attention about one
year ago, may possibly be put In operation
In Boston. The joint committee on metro
politan affairs ot the state legislature of
Massachusetts is said to have a very
friendly feeling toward the Boynton In
vention, and a charter may be granted
to build a bicycle railroad between Boston
and Pall River.
♦ ♦ ♦
The Main-street electric car line of Cin
cinnati has reduced Its fare to 3 cents be
tween 6 and 7 a. m. and S and 7 p. m.
♦ ♦ ♦
The net earnings of the water plant of
Newark, N. J., for 1896 amounted to $495,
--481.50, according to the city comptroller.
♦ ♦■ "f
The Baltimore, Md., Traction company
and the City and Suburban company,
which control all except two of the street
railways of Baltimore, have consolidated.
Nine million dollars of stock will be issued
ln exchange for the outstanding stock of
each company.
In the advance sheets of the annual re
port of the Missouri Insurance depart
ment, Actuary Harvey makes some very
pertinent remarks concerning Insurance
trusts. He says: "There seems to be a
good deal of confusion In the official, as
well as In the legislative and lay mind, ln
the recommendation of laws prohibiting
trusts and as well in their enactment and
I Interpretation afterwards. Kinds of busi
ness whose methods are as wide apart as
the poles are put into the same category.
If It happens that any two of each kind
have an understanding that the prices of
their commodities ought to be alike and
assailed as 'trusts.' Commission mer
chants through long years of business
have learned that the price of eggs fol
lows a law of supply and demand, and lo!
they are held up to scorn because they
constitute an egg trust. But the farmers
who agree that the blue leather cheese
shall sell among themselves for 4 cents a
pound, but bring h when sold to the village
merchant, do not create a cheese trust.
Oh. no! The connection of all this with
Insurance Is In this: That ninety-nine per
sons out of a hundred, who put the boards
of underwriters Into the same classifica
tion as trusts, with companies which make
and control the prices ot sugar, leather,
oil, peanuts, bagging, etc.. etc.. and con
trol the supply of these commodities, have
no sort of comprehension of what they are
talking about. Making and maintaining
the price of an article of manufacture, and
controlling the supply of raw material, as
well ns the output of the finished goods,
is one thing. Fixing and maintaining a
standard rate of fire Insurance premium,
upon well defined systems of structure, of
exposures and Internal hazards, In a lo
cality where the supply of Are Is unlim
ited and uncontrollable, Is another, and a
very different sort of thing. A standard
Are premium only means that such a rate
will give a company a fair margin of profit
—if, following the aggregate experience of
many years In a state or city where the
Arebug does not swarm, the average loss
does not exceed 50 per cent of the total
premiums. Such a premium, although
standard, is flexible. If the community
Is a burning one the rate will go up by a
percentage: if the community Is a prudent
one and believes In prevention as well as
protection, the standard rate will go down
by a percentage. If the country merchant,
carrying an omnibus stock ln a frame,
shingle roof, wooden shuttered building!
will'get this Idea through his head and
realize that the premium on his stock has
ln it an element determined by his habit
of putting hot ashes In a wooden box ln the
lumber room in the rear, or by some other
hazard, extra to the building, he will soon
learn that premium rating Is not the un
lawful work of a trust, but the lawful and
buslnesa-llke method of iL, great business
In which he has a pecuniary interest."
What Waa Done Yesterday on Wall
NEW YORK, May 27,-The market was
quite strong for a time today, but the
rather sensational slump In the Rubber
shares and the large selling In Baltimore
and Ohio put a stop to the rise and also
to the activity of the trading. The volume
of the dealings in all stocks for the three
hours of trading after the noon hour was
only about one-third of that for the two
hours before noon. The lack of confidence
in the stability of values on the part of
the professional traders, who still control
the market almost altogether, was illus
trated by the promptitude with which they
proceeded to take profits on rather slight
provocation. Those who were doing the
bulk of the trading are now evidently ln
the market for a short turn, though there
was some continuance today of the com
mission house buying whloh has Indicated
a wakening of outside Interest in the mar
ket. The market was remarkably dull
at the periods of decline. London appeared
to be a buyer of nearly all the inter
national stocks which fell below the Lon
don parity. The total purchases for Lon
don account were narrow, but are mostly
losses. The bond market was character
ised by violent fluctuations In a number
of Issues, but marked strength was noted
in some of tho prominent Issues. The sales
were $1,239,000. Government bonds were
strong and higher on transactions of
$44,000. ..
______ taiiul !£Ui
Closing Stocks
NEW TORK, May 27.-The following
are the closing stock quotations:
Atchison 10*4 do pfd 154%
Adams Ex 147 N T Central.... 09%
Alton T H .... SO NY4 N E 37
Am Express...ll4 Ont & West 13%
Baltimore 40. 10 Oregon Nay 13
Canada South. 47 OBL 4 U N.... 15%
Canada Paclflo 56% Pacific Mail 26%
Central Pacific S% PDA E %
Che* & Ohio.. 1« Pittsburg 162
Chgo & A1t0n..151 Pullman Palace 158
C B 4 Q 75% Reading 18%
Chicago Gas.. 87 US Rubber .... 16%
CCC 4 St L.. 28% do pfd 54%
Con Gas 158 Rock Island 65%
Col C A 1 3% ROW 12%
Cotton O C... 8% do pfd 30
D L, ft W 147% St Paul 75
Del Hudson... 102% do pfd 133%
Am Spirits 10 St Paul ft 0 68
do pfd 28% do pfd.. It*
D ft R O pfd.. 38% Southern Pacific 11%
Erie 12% Sugar Refinery.. 115%
do pfd 20% Term C & 1 18%
Fort Wayne...l62 Texas Pacific .. 9
Great N pfd....120 T A O Cen 40
Hocking Val... 2% Union Pacific.... 6%
Cft I E pfd.... 95 IT s Express 38
(Illinois Central 93% W S L & P 5%
St Paul ft D... 22% do pfd 13%
K& T pfd 28 W F Express....lo3
LEI & W 13 Western Union.. 79%
do pfd 69% W ft L E 1
Lake 5h0re....165% do pfd 2%
L A N 45% Minn & St L.... 17
Lead Trust.... 2VM r> & IR G 9%
L & N A % Gen Electric 30%
Man Con 54% Col F & 1 15%
Mo Pacific 14% do pfd 87
N J Central.... 72% TSLfeKC 6%
Mft C 15 do pfd 18%
M & Ohio 16%' So R R 8%
N Chatt ........ 66 do pfd 26%
N ft W pfd 27 Am Tobacco 70%
North Am Co.. 4% do pfd 102
Northern Pac. 12% Am T&C Co 87%
do pfd 37% C CCo 150
U P D ft a.... 1% Am Sugar pfd...101
US Leather pfd 54% O R & N pfd.... 47
Northwestern 105%'
Bond List
NEW TORK, May 27.—The following
were the closing quotations on bonds today:
IT S m4B reg....128 C P lsts of '95..172%
U 8 n 4» coup. .123 D .& R G 7» 109%
IT 8n 6» reg...113% do 4s 87%
U 8 nss coup. .113% Erie 2ds 63%
IT S4s reg 111% G H & S A 65....107
US 4s coup....riZsT do| 7s 100
US 2s reg 9« H& Teen 55....110
Pacific 6s, '95..104% do 6s 101
Ala Clase A....107 M X ft T lsts... 84%
Ala Class 8....106% do 2d 4s 59%
Ala Class C....100 Mutual Union 6S 107
do Currency..loo N J Central 6s. 108
La new con 4s. 98 N Pacific 15t5....117%
Missouri 6s 100 do 2ds 54
N Carolina 65..124 do 4s —
N Carolina 45..104 Northwest C0n..141
8 C non fund.. % do 6 F debs 53.114
Tenro n set 65.. 81 R G W lsts 54
do 5s 105 St Paul Con 75..134
do old 65.... CO do C%PW55.116%
Va Centuries.. 63% StL &I M gen 55,114
Va deferred.,. 4 StL ft S Fgem6s 113%
Atchison 45..., 81% Texas Pac lsts.. 89%
do sec As.. 47% do 2ds 20%
Can So 2d5.,..106% U P lsts of 96.... 103
So R R5» 90% W Shore 4s 109
O R ft N 15t5..112% L & NMs 79%
Mining* Stocks
SAN FRANCISCO. May 27.-The official
closing quotations for mining stocks today
were as follows:
Alta 2 Julia 4
Alpha Con ...... 6 Justice —
Andes 18 Kentucky Con .... —
Belcher 19 L Wash Con —
Belle Isle — Mexican 35
Best & Belcher. 50 Mt. Diablo ... —
Bodie Con — Mono —
Bulwer Con — Standard 150
Bullion 2 Occidental C0n.... 13
Caledonia — Ophir 91
Challenge Con.. 24 Overman 13
Chollar 115 Potosl 65
Confidence ...:..100 Savage < 351
Con.Cal * Va....175 Scorpion —
Con Imperial 1 Sierra Nevada 40
Con New York... — Silver Hill —
Crown Point .... 20 Silver King —
Exchequer — Union Con 33
Gould A Curry.. 19 Utah Con —
Hale A Norcross 77 Yellow Jacket 29
London Markets
NEW YORK, May 27.—The Evening
Post's London Anancial cablegram says:
There was a further general Improve
ment In the stock markets today, partly
due to the glorious weather. Home ralla
are booming again, but quite the feature
Is the strength of Americans. 1 cannot re
port much public Interest yet, but the pro
fessional Interest undoubtedly increases
with every bullish talk and tips to buy
low-priced bonds and preference stocks of
reorganized lines. Atchison adjustments
were again strong, the market here going
for the 3 per cent dividend in July. New
York prices were a little disappointing,
and hence a slight reaction came at the
close. Kaffirs were good. Money is very
dear. Details of the gold movement for
the week show the sales of £345,000 in bar
Money Quotations
NEW YORK, May 27.—Money on call
easy at 1%©>1% per cent; last loan, 1%;
closed offered at l%gn% per cent; prime
mercantile paper. 3%if14 per cent; sterling
exchange weak, with actunl business In
bankers' bills at 4.86%(fT4.87 for demand and
at 4.85%ff54.86% for sixty days; posted rates,
4.86%@4.87 and 4.58'g4.85%: commercial bills,
4.85: sliver certificates, 60%ia.60V4.
SAN FRANCISCO. May 27.—Drafts,
sight, 17%: telegraphic, 20.
LONDON, May 27,-Consols, 113 7-16.
Silver Bullion
NEW YORK, May 27,-Bar silver, 60;
Mexican dollars. 47%.
SAN FRANCISCO, May 27.—Bar silver,
60; Mexican dollars, 49%®50.
LONDON, May 27.—Bar silver, 27 9-16 d.
Treasury Statement
WASHINGTON. May 27.-Today's state
ment of the condlton of the treasury
shows: Available cash balance, $230,832,737;
gold reserve, $144,100,600.
Boston Quotations
BOSTON, May 27.—Atchison. 10%: Bell
Telephone, 227; Burlington, 75%; Mexican,
7%; San Diego, 9.
The Say's Transactions on the Board
ot Trade
CHICAGO, May 27.—1n wheat the ten -
dency of prices was downward for the.
most part, although starting firm and a
little higher than It closed yesterday. July
was wanted at the opening at from 70©
70% c, but the shorts whose covering caused
this little spasm of strength were so freely
accommodated that the market soon
dropped, the price by 10:30 getting down to
69% c. A Blight reaction followed, but about
11:30 the market got an Increase of heavi
ness and broke its previous bounds, reach
ing 69%®69%c by noon. The early news
was not of a character to Influence (he
market much either way. The decline at
Liverpool was scarcely the equivalent of
the drop here, and at any' rate from hav
ing been expected it did not attract much
attention. Receipts at Chicago were four
cars and the quantity Inspected out of
store was 63,000 bushels. The weather
being still favorable, the traders saw ln
anticipation a largo crop harvested. The
nearnesß of cutting time in Texas and
Oklahoma was used for all that could be
got out of it and for much more than it
was worth to scare the bulls. A break of
lc at St. Louis, caused probably by the
nearness of the time when new wheat will
come on that market, went a long ways
toward accentuating the weakness of the
local market. The trading was actlvo
while the break was ln progress, and It
continued ln a nervous condition for half
an hour thereafter. Corn was weak, with
prices averaging %c under yesterdays
closing. There was a big cash trade, but
holders of futures liquidated and the mar
ket was lower from the start. Oats were
steady at a shade under yesterday's close.
Provisions were oppressed by a large run
of hogs and the weak grain markets. There
was an early decline, but before the close
nearly all of this had been recovered.
The leading futures closed a» follows-
Wheat No. 2— '
May 70%
July , 69%
September 65 ®65%
Corn No 2— .
May 23%
July 23%
September 24,%®25
Oats No. 2—
May 17%®17%
July 17%
September 17%®17%
Cash quotations were as follorwsc Flour,
easy: No. 2 spring wheat, 70%«71%; No. 3
spring wheat, 68%; No. 2 red, 85%0515; No. 2
corn, 23%; No. 2 oats, 17%; No. 3 white,
21%*i21 J ;4; No. 3 white, 15%®21%; No. 2 rye,
34; No. 2 barley, nominal; No. 3, 27%*333 f.
o. b.; No. 4, 26(327% f.0.b.; No. 1 flaxseed,
76%<577%; prime timothy seed, 2.75; mess
pork, per bbl., 8.0O®8.O5; lard, per 100 lbs.,
3.45; short rlbes sides loose, 4.3034.50; dry
salted shouldersif boxed, 6®5%; short clear
sides, boxed, 4%®4%; whisky, distillers'
finished goods, per gal., 1.19.
Receipts. Shipments.
Flour, bbls 6,000 6,000
Wheat, bu 2,000 47,000
Corn, bu 308,0:3 118,000
Oats, bu 428,000 248,000
Rye, bu 4,000
Barley, bu 25,000 2,000
' On the produce exchange today the but
ter market was firm; creameries, 11®14%;
dairies, 7®12. Cheese was weak at 707%.
Eggs were easier; fresh. 9.
Chicago Live Stock;
CHICAGO, May 27.—Cattle—Native beef
steers sold at 3.90®5.15. with an occasional
sale of $5.25(35.30. Choice cattle were scarce
and steers sold mainly at [email protected]; stock
ers and feeders, $3.7004.45.
Hogs—Sales were made at an extreme
range of $3.2503.62%, the bulk of the hogs
ciossing tho scales at $3.52%®3.60; heavy
packing, $3.25®4.25: prime lights, $3.62%.
Sheep—Sales were on a basis of $2.50(35.00,
few going as low as $3.00 Sales were on
a basis of $3.2505.50 for the poorest to the
best lambs, while spring lambs brought
Receipts—Cattle, 8500; hogs, 40,00; sheep,
Call Board Prices of Cereals and Ship-
ments Received
SAN FRANCISCO. May 27.-Wheat
dull; December, 1.23. Barley quiet; Decem
ber, 69% bid. Corn, large yellow, 1.0001.02%.
California bran, 15.00(515.50.
Flour—Family extras, 4.75(34.85; bakers'
extras, 4.505H.66; superfine, 4.10(34.35.
Wheat—No. 1 shipping, 1.27%<31.28%; for
local use, 1.3001.35; milling, 1.35(5/1.40.
Barley—Feed, 70072%; choice, 73%®73;
brewing, 83(590.
Oats—Puget sound, 1.1001.25; some fancy
white higher; Inferior grades. 9501.07%.
Receipts—Flour, quarter sacks, 27,312; do
1 Washington, 3512; wheat, centals, 1835; do
i Washington, 4650; barley, centals. 2375; do
Washington, 240; benns, sacks. 666; corn,
centals, 1720; potatoes, sacks, 1797; do Ne
vada, 259; do Oregon. 537; do Washington,
235: onions, sacks, 616; bran, sacks, 1220;
middlings, sacks, 118; hay. tons, 466; straw,
tons, 20; flaxseed, Washington, 611; wool,
bales, 58; do Washington, 191; hides, num
ber, 216; wine, gallons, 25,400.
San Francisco Produce
Mill and Feed Stuffs—Middlings, 18.500
20.50. California bran, 15.00015.50.
Hay—Wheat, 8.0OH10.50; wheat and oat,
7.OC01O.OO; oat, S.WhS.aO; barley, 5.0008.00;
per ton; river barley, 5.0006.00; alfalfa. 5.00
158.00; clover, 6.0008.00: 5t0ck.5.0006.00: com
pressed wheat, 6.000 9.50. Straw, per bale,
Potatoes—Early Rose, 60075 per cen
tal: river Burbanks, 500 75: river reds,
60070; Oregon Burbanks, 6501.00; Peta
luma and Tomales Burbanks, 60075;
sweet potatoes, 1.0001.25.
Dry Beans—Pink, 1.10(51.15: Lima. 1.500
1.65; small white, 1.0501.20; large white, 1.00
Various—Onions, 60075 per cental; cut
do, 1.0001.50 per cental: dried peppers,
6% cents per pound; dried okra, 10312%:
! garlic, 1%02%; common asparagus, 60075;
choice do, 1.2501.75: tomatoes, 1.2501.50 box;
green peas, 60085; string beans, 406;
green peppers, 25030 per box; egg
plant. 10c per pound: Mexican tomatoes.
2.50(33.00 per box; rhubarb, 40075 per box;
cucumbers, 75090; Australian onions,
3.000 3.50; pew onions, 40050.
Fresh Fruits—Apricots, 75090 per box;
Longworthy strawberries, 4,0005,00, chest,
ln baskets; large strawberries, 4.0004.50;
gooseberries, 1(31% per lb.; blackberries,
2.5003.00 per crate; raspberries, 50®65 per
: drawer; white cherries, 20040 per box:
black cherries, 30050 per box; currants, 500
75 per drawer.
Citrus Fruits—Oxdlnay navel oranges,
2.00(52.50 per box; choice do, 3.0005.00 per
box; seedling oranges, 1.2501.50: Mediter
ranean sweets, 2.0C03.00; common Califor
nia lemons. 7501.50; choice California
' lemons, 2.0002.25; grape fruit, 4.0004.50 per
Tropical fruits—Bananas, 1.0002.06 per
bunch; Smyrna figs, 13014 cents per pound;
dates, 6 cents.
Dried fruits, jobbing prices furnished by
the San Francisco fruit exchange:
Apricots—Fancy Moorparks, 12%; choice
do, 11%; fancy do, 9; choice, 8; standard,
6%: prime, 5%.
Apples—Evaporated, 6%: sun dried, 2%.
Peaches —Fancy, 6%: choice. 5%; stand
ard. 4%; prime. 4: peeled, in boxes, 10%.
Pears—Fancy halves, 6: fancy quarters,
5; choice, 3%: standard, 2%; prime, 2.
Plums—Pitted. 4; unpitted, 1%.
Prunes—Four sizes, 1%.
Nectarines—Fancy, 6%; choice, 4%; stand
ard. 4.
Figs—Choice white, 3; black, 4.
Raisins—Jobbing prices: In sacks or 60-lb
boxes—Four-crown, loose. 5%; three-crown.
4%: two-crown, 3%; seedless sultanas, 6%;
seedless muscatels. 4%. In 2-lb boxes—
Three-crown London layers, 1.25.
Butter—Fancy creamery, 15016: second
do. 14014%; fancy dairy, 13%; second do,
Cheese—Fancy mild, new, 708; fair to
good, 707%; California cream Cheddar, 10
011; Young America, 7%05%; eastern, 14®
15: western. 12013.
Eggs—Store, 11%012%; ranch, 13%014%;
duck, 12012%.
Poultry—Live turkey gobblers. 13014 per
m; do hens, 12013; old roosters, 4.00(34.25
per doz: young do, 6.5058.00: small broilers,
2.0003.50; large do. 4.00(54.50; fryers. 4.50®
5.00: hens, 3.5004.00: ducks, old. 3.2504.00;
do young, 3.50(35.00: geese, 1.0001.25 per pair;
goslings, 1.00Q1.25; pigeons, 1.2501.75 per
California Fruit Sales
NEW YORK, May 27.-California dried
fruits—Prime evaporated apples firm;
other dried fruits steady: evaporated
apples, prime, wire tray, 4%04%; wood
dried, prime, 4%(34%.
CHICAGO, May 27.—Porter Brothers
company sold California cherries today as
follows: Tartarlans, 5032.50 per box:
Royal Anne. 70390: Moselles, 70; Bell
Crowns, 70075: Rockports, 7501.25; Gov.
Woods, 60; Guignes, 45; apricots, Prlngle,
1.50 per half crate.
Liverpool Markets
LIVERPOOL, May 27.—Wheat, spot No.
1 red northern spring dull at 6s>6%d. Corn
spot American mixed new firm at 257% d;
May steady at 2s 7%d; July dull at 2s 7%d;
American mixed old steady at 2s 9d.
NEW YORK. May 27.—Petroleum dull;
United closed at 89 bid.
Local Quotations
Cherries took a drop yesterday, owing
to the quantity received, and choice lots
were disposed of at 55060 cents per box.
while second grade stuff sold at 10®15
cents per box lower. Dealers expect large
consignments during the coming ten days,
and prices will undoubtedly reach bottom
figures within a few days. In the general
produce market there is no change to re
port. Eggs and butter are steady and
potatoes firm. Vegetables are coming In
plentifully and of fine quality. Poultry ts
dull and slow of sale. In other lines there
Is nothing to report.
Esgs—Fancy ranch, 13013%; fair to good
BUTTER—Fancy local creamery, per 2
lb. square, 87%®40; fancy coast creamery
per 2-lb.' square, 37%; dairy, 1%-lb. rolls
27%®30; fancy 2-lb. square,, 32%©35; tub
fancy, 17®18.
CHEESE—LocaI factory, large size, 8%0
9; do. Young America, 9%®10; do, S-lb
hand. 10%®U; (%c extra per lb. when cased'
for shipment); northern full cream. 7%88%
VEGETABLES—Beets, per 100 lbs 70
--cabbage, per 100 lbs., 60065; chilies, dry, per
string, 50060; Mexican, per lb.. 10011; green
per lb., 15020; garlic, 303%; new onions, 1.00
01.10; beans, string, lb., 4@5; cucumbers
dozen, 6501.00; lettuce, dozen. 15020; green
peas, lb., 3%®4; turnips, 100 lbs., 75085'
artichokes. 25030 per dosen: rhubarb. 65035
Per box; asparagus, 507 per lb.; parsnips
per 100, 75®55; green onions, per down, 40:
leeks, per dozen, 15; parsley, per dozen, 15;
radishes, per dozen. 20; spinach, 20; Bummer
squash, per lb., 4®6.
GREEN FRUITS—f. N. P. apples. 1.75
#2.00 per box; pears, Wln'er Nellls. 1.75(3
2.00; strawberries, common, s<i6; fancy, 8®
11; bananas, per bunch, • 2.005}2.50; crates
extra; cherries, per box, 50®65; loquats,
KM; blackberries, per box, 12%; gooseber
ries, per lb., 3®5; apricots, per crate, 1.680
1.25; currants, per crate, 1.00®1.25. raspber
ries, per box, 16.
FlGS—California white, per lb„ 7%;
California black, per lb., 6: California
fancy, per lb., B®S%: Imported Smyrna,
CITRUS FRUITS-Oranges; Australian
navels, 2.75®3.20; St. Michaels, 2.50®3.00;
Mediterranean Sweets. 2.25®2.50; Malta
Bloods, 2.5002.75; seedlings, 1.5032.00; lem
ons, fancy. Eureka. 1.50; Eureka and Lis
bon, 1.50; uncured, 60®75; limes, per 100, 50®
9®U per lb.; strained, 6%®6; beeswax, 18©
20 per lb.
POULTRY—Hens, 4.50®4.75; per dozen:
young roosters, 6.00(35.50; broilers. B.oo®
3.50: old roosters. 4.00®4.25; ducks, 6.2566.75;
turkeys, live. 14®15; dressed. 17®1S; pigeons,
per dozen, 76® 1.00; squabs. 1.25®!.60.
HAY—Wheat, per ton, 8.0089.00; barley.
r.OOOi.00; oat, 9.00® 10.00; alfalfa, baled. 6.00
(37.00; loose, 6.00®6.00; new crop, all kinds,
6.00; straw, 5.00.
MILLSTUFFS—FIour, local mills, 4.60
bbl.; Stockton brands. 5.20; Oregon, 4.85;
eastern, 5.35®5.50; short*, ton, local, 19.00;
rollde barley, per ton. 15.00; cranked corn,
per 100 lbs., 1.10; feed meal, per 100 lbs., 1.05;
bran, 17.00 per ton.
NUTS—Walnuts, Los Angeles, 5®6; me
dium soft, 6%®7%, softshell, Los Nietos.
fancy, 9©19; almonds. softshelL 9®10; pa
per shell. 11012%; hardshell, 7©9; pecans.
9gll; Alberts, 11; Brazils. 10; plnons, 9®lo.
DRIED FRUITS—Apples. sun-dried,
sacks, per lb., 4®6; boxes, 5@5%; evapo
rated, fancy, 7%®8%; apricots, fancy, Bttj
choice, 10; peaches, fancy, unpeeled, 7%®
8%; pears, fancy evaporated, 7®9; plums,
? Uted, choice. 7®9; prunes, choice, boxel,
%; sacks, 5; dates, 6V4&7.
RAISINS—Fancy clusters, 20-lb. boxes,
1.75; 4-crown LL clusters. 1.5001.60:
3-crown LL, per box, 1.2501.35; 3
rrown loos* muscats, per box,
1.10®1.15; ordinary loose, per box, 50®75;
2-crown loose ln sacks, per lb., 4%; 3
crown, loose ln sacks, per lb. 6%©5%: 4
crown fancy bleached, per lb., 10; Sultana,
seedless, choice, per lb . 7%®9. Fractions.
Half crown, per ib.. 6(56%; Sultana, seed
less, boxes. 25: quarter boxes. 50 eta. per
box higher than whole.
HIDES AND WOOL—New hide list:
Dry, 11; kip. 9: calf, 14; bulls. 6; sheep
pelts, 2®4; wool, spring clip, good, 4%®6;
Inferlof, 3®4.
LIVE BTOCK—Per lb.: Beeves. f%®3;
hogs, 3%®3%; lambs, per head, [email protected];
iti-pp. per cwt.. 2.6*1(32 75.
1.65; Lima, 2.25®2.50; Lady Washington, 1.50
, @1.60; small whites. [email protected]: green field
peas, 2.25®2.50; black-eyed beans. 2.00; gar
vancos, 1.7502.00: lentils, Imported, 6.50®
7.00; lentils, California, J.005i3.50.
DRESSED MEATS—AII ocr lb., Beef.
6%®5%: veal, 6@7%; mutton, 5; lamb. 6:
pork, 0%.
BAGS—(net cash}— Calcutta, spot 6 net;
potato bags. 4; dried fruit sacks. 100 lbs.,
6%«7%: bean sacks, 5; walnut bags, 14® 10;
wool sacks, 27.
GRAlN—Wheat, 1.5001.60; corn, small
yellow, 1.10; large yellow, 1.10; oats,
[email protected]; barley. 75.
POTATOES—P»r 100 lb«.. Nevada Bur
banks choice to fancy, 1.1501.25; new pota
toes, 1.1051.25.
CURED MEATS—Picnic hams, 5%: Rex,
11%; Roulette hams,-7%; select mild cure.
9: special fancy breakfast bacon. 11%: spec
ial breakfast bacon, 111 Rex bacon, 10%; Di
amond U breakfast bacon, backs, 8: Rex
boneless hams.sugar cured.9; Rex boneless
butts, 8%: Rex dried beef, sets, —; Rex
dried beef, insides, 13%; Rex dried beef,
(outsldee). 8; smoked tongues, per lb., la:
medium bacon. 8%; dry salt clear bellies,
16(320: ay.. 7; dry salt short clears, 35@40;
ay., 6%; salt clear backs, 6%: Rex pure leaf
lard, tierces, 5%; Ivory, tierces, 5; cot
tolene. tierces, 6%; Rexolene, tierces,
5%; special kettle rendered leaf. 6%.
Real Estate Transfers
THURSDAY, May 27, 1897.
M. A. and H. H. Dow to C. A. Holway—
Part lot 18. block E, Newell & Rader's
subdivision of Cells Vineyard tract; $1000.
A. and F. A. Solano to A. Solano—Agree
ment to convey undivided 11-84 interest in
lot 2, block 45, and lot 7, block 46, H. 8.;
W. M. and E. Amos to M. J. M. Northrup
—South half of east half of southwest
quarter of southeast quarter section 2,
township 1 south, range 9, ln San Jose
ranch; $4000.
S. A. W. and S. F. Carver to Mrs. M. L.
Havens—Lot 6, block 25, Garvanza addition
No. 1; $150.
W. S. Shepardson to J. Kifford—Lot 27.
West End Terrace tract; $1500.
D. and A. Raab to H. C. Brown—Land in
Raab's subdivision: $1800.
Mrs. A. Matthewson to J. H. Cocke—Lot
7. block 36, California Co-operative Colony
tract; $110.
T. and E. C. Barrows to M. E. Voorhees
—Lots 1 and 2, block 17, Claremont; $350.
W. H. and K. A. Harbell to P. C. Howes-
Land in Temple & Gibson tract; 22000.
G. D. and P. F. Rowan to F. P. Fay-
Part lots 10 and 11, Garland tract; 22100.
G. and H. M. Mason to W. Everett—Part
ot Puente Mill property; $10,000.
L. J. and C. W. Harvey to W. Everett-
Lots 4, 12 and 13, block C. Mott tract; $15,000.
D. and M. McKlnlay to C. Sachse—Land
in section 17, township 2 south, range 13;
Long Beach Land and Water company
to J. Schilling—Lots 11, 13 and 15, block 08,
Long Beach; $150.
F. P. Durston to B. F. Garrett—East
halt of southwest quarter of northwest
quarter section 12, township 1 west; $2500.
Deeds &J
Nominal , jo
Total $44,499
Preparations for His Reception—Com
mittee Announcements
The response to invitations for the
banquet to be tendered Hon. W. J. Bry
an on July sth are coming, ln rapidly,
and as a result the executive committee
of the Silver Republican club is pre
paring for a large gathering that even
The club has received many urgent
requests from several sections asking
that arrangements be made to have Mr.
Bryan make a short address on the way
to Los Angeles. The committee does not
know the day Mr. Bryan will arrive or
what speeches elsewhere than Los An
geles will be to Mr. Bryan'e wishes, and
as soon as it can be learned and whether
his health will permit of speeches other
than already planned for, the commit
tee will Immediately make the an
George B. Cole, T. W. Duckworth and
E. T. Stuart of San Bernardino have in
formed the committee thftt San Bernar
dino will have a large delegation in Los
Angeles on the sth of July. Frank L.
Anderson of Santa Ana was In town yes
terday and stated that Santa Ana will
be well represented. The executive
committee will very ehortly announce
the program for the day.
A visit to the club's headquarters will
convince one that It an Interest ln Mr.
Bryan's coming is an Indication of South
ern California's feeling toward the sil
ver question, this (subject is Indeed a
lively one.
His Identity Learned
An Inquest was held at Orr & Hlnee'
undertaking parlors yesterday after
noon over the body of the man who died
on the train coming in from Pomona
day before yesterday. Death was
caused by heart disease. His name was
Jean Marten and he was a Frenchman.
He has no family and has been em
ployed near Baeeett for the past Aye
years as a sheepherder.
Mrs. L. A. Kimball and Miss Maude
M. Newell left Tuesday for Chicago,
from which place they will go eaet to
spend the summer on the Atlantic coast.
Cutlery et Furrey o, lis N. Spring et,
eThe largest practice The largest equipment m
The largest institute The largest staff j
The largest success
A Combination of Greatness
lßngUsb aaa Gsrmai f p ? c c £ lists
UNEQUALED In their special field of Chronic and Long-Standing Diseases
-Don't Give Up Until You Have Seen Them
Consultation Free. Rooms 408 to 422 Byrne Bldg., Los Angeles, CaL Office
hours, 9 to 4 daily; 7 to 8 evenings, and 9 to n a.m. Sundays
Jhe National Bank of California
Capital and Fronts 2270,000.00.
y w a MAr,r,ri* „ ~ J. M. C. MARBLE. O. H. CHURCHILL,
H. M. LUTZ Vice-President N. W. STOWELL. B. F. C. KLOKKIs
R. I. ROGERS .Assistant Cashier A. HADLEY.
parmers and Merchants' Bank of Los Angeles, CaL
Capital paid up $500,000 oo
Surplus and Reserve 875,000 00
I. W. HELLMAN, President; H. W. HIELLMAN, Vice-Pres.: H. J. FLEISHMAN,
Cashier; G. HEIMANN, Assistant Cashier. Directors—W. H. PERRY. O. W.
Special Collection Department, Correspondence Invited. Sate Deposit Boxes for Rent.
Security Savings Bank
v Corner Main and Second Streets
H. W. Hellman, J. F. Sartorl, W. L. Grave*.
J. F. BARTORI President H. J. Fleishman, C. A. Shaw. F. O. John-
MAURICES. HELLMAN..Vice-President son, J H. Shankland, J. A. Graves, M. L.
W. D. LONGYEAR Cashier Fleming, M. 8. Hellman, W. D. Longyear.
Five per cent Interest paid on term, 3 per cent on ordinary deposits. Money Loand
on First-class real estate.
" United States Depository
Capital 2500,000.00 Surplus 147,500.00
Total $547,500.00
F. C. HOWES Cashier E. W. COE Assistant Cashier
Geo. H. Bonebrake,Warren Gillelen, P. aA. Green, Chas.A. Marrlner, E. P. Jonnson,
Wm. M. Van Dyke, W. C. Brown, L. C. McKeeby, F. C. Howes.
This bank has no deposits of either the county or city treasurer and therefore no
prefered creditors. ________
Capital stock $400,000 Surplus and undivided profits 0ver..5250,00$
J M ELLIOTT President W. G. KERCKHOFF... Vice-President
FRANK A GIBSON Cashier G. B. SHAFFER Assistant Cashier
J. M. Elliott, J. D. Bloknell, F. Q. Story, H. Jevne, J. D. Hooker, W. C. Patterson,
Wm. G. Kerckhoff. .■ _, . ,
No public funds pr other preferred deposits received at this bank.
152 North Spring Street Interest paid on deposits
DIRECTORS:—J. H. Braly, J. M. Elliott, H. Jevne, Frank A. Gibson, Simon MaUr,
W. D. Woolwine, W. C. Patterson. Safe Deposit Boxes For Rent.
Surveys Ordered to Be Made—Long
Beach School Bonds Withdrawn.
Azusa Water Rates
The franchise asked for by the South
ern California Railroad company, for
the purpose of changing the alignment
of the present track of the railroad be
tween the eastern boundary line of the
city of Pasadena on the west, and Hill
avenue on the east; said change affect
ing only the crossings" of the Wilson
avenue, Ellis, Thornton and Hlll9ton
avenues, was granted and the ordinance
placed opon its passage.
In the matter of the ten bonds, each
of $750, known as the Long Beach High
School bonds, which were not disposed
of after having been offered for six
months, the board ordered that they
be withdrawn and canceled.
The petition of the Pasadena and Mt.
Wilson Toll Road company for a re
newal of its franchise to collect tolls
was granted.
'The ordinance relating to the loca
tion of cemeteries and crematories in
this county was declared in force yes
terday. This ordinance prohibits the
establishment or extension of any cem
etery or crematory Within the county
without permission from the board of
On motion, It was ordered that $200
be transferred from the general road
to the Cahuenga road fund, for the im
provement of Los Fellz avenue, from
Vermont avenue west. This in con
sideration of the furnishing by J. G.
Griffiths, of the water necessary for
sprinkling the avenue, and a portion of
Vermont avenue, free of expense to the
Upon the application of the mer
chants' and manufacturers' committee
a resolution was yesterday adopted pro
viding that the county surveyor shall
proceed, ln conjunction with the Los
Angeles city and Pasadena engineers,
to survey and establish grades for the
proposed boulevard. The boulevard is
to extend from the easterly city limits
of Los Angeles city and the westerly
city limits of South Pasadena. It w*J»
also provided that the route be mapped,
and the same filed with the board.
The matter of regulating the water
rates at Azusa was again taken up
yesterday by the board, and a vast
amount .of statistical Information was
laid before the board. An estimate was
put in showing that the present water
works can be duplicated for $10,941.80.
In this estimate it is stated that Azusa
is entitled to twenty-five miners' inches
of water, measured under a four-inch
pressure, equivalent to 323,136 gallons
in twenty-four hours. Assuming 150
gallons to each person each twenty
four hours, about the average consump
tion per capita ln Los Angeles, there
would be water sufficient for population
of 2154. At present Azusa has a popula
tion of 7CO people.
The total cost of a new plant with the
most modern improvements, and with
a reservoir of over 1.000,000 gallons,
cast iron street mains, gates, valves and
twelve fire hydrants, is set at $19,876.6::.
That would amount to about $28 per
present inhabitant. The matter was
taken under advisement by the board.
The board is now prepared to audit
bills against the county, according to
the new law that has just gone into
effect. All persons having claims'should
present them on Saturday, instead of
on Monday, as has heretofore been the
custom. Those accounts put in after
Saturday will have to go over until the
following month.
A deed conveying to the county a strip
of land twenty feet wide, at a certain
point on the Santa Anita road, was
received from Abbot Kinney, and was
ordered filed.
The application of J. M. Colon f?r
a license at Calabapas was granted;
that of Adolph Severloh for a saloon
license at the Four-Mile house, on the
El Monte road, was taken under ad
visement; that of J. W. Pendleton for
a restaurant at the Five-Mile house
was approved; and that of G. D. Lahart
for a restaurant license at Rosedale was
Junction of Main, Spring and Temple eta.
(Temple Block), Los Angelee.
Capital paid up .$lOO,OOO
Officers and directors: T. L. Duque,
President; I. N. Van Nuys, Vice-President I
U. V. Duque, Cashier; H. W. Hellman,
[Caspar* Kohn, H. W. O'Melveny, J. B.
..ankershlm, O. T. Johnson, Abe Haas, W.
ii. Kerckhoff.
Money loaned on real estate.
Five per cent Interest paid on una deposits
230 N. Main St.
J.E. Plater, Pres. j H.W. Hellman. V-Pree.;
W. M. Caswell, Cashier.
Directors—l. W. Hellman, J. E. Plater,
H. W. Hellman. I. W. Hellman. jr., W.
M. Caswell.
Interest paid on deposits. Money to loan
on first-class real estate.
i tea
The company's elegant steamers Santa
Rosa and Corona leave Redondo at 11 a. m.
and Port Los Angeles at 2:20 p.m. for
San Francisco via Santa Barbara and Port
Harford, May 4, 8, 12, 16, 20. 24, 28, June
I. 8, 9, 13, 17, 21, 25, 29. Leave Port Los An
geles at 6 a.m. and Redondo at 11 a.m. for
San Diego. May 2, 6. 10, 14, 18, 22, 26, 10. The
Corona calls also at Newport. Car* con
nect via Redondo leave Santa Fe depot at
10 a.m., or from Redondo railway depot
at 9:30 a.m.
Cars connect via Port Los Angeles leave
S. P. R. R. depot at 1:35 p.m. tor steamere
north bound.
The steamers Eureka and Coos Bay leave
San Pedro and East San Pedro for Sen
Francisco via Ventura, Carpinterla, Santa
Barbara, Gavtota, Port Harford, Cayucos,
San Simeon, Monterey and Santa Crus, at
6.30 p. m. May 1, 6. 9, 13, 17, 21, 25, 29; June
2, 6, 10, 14, 18, 22, 26, SO; July 4, S, 12, 16, 20,
24, 28. Cars connect with steamers via
San Pedro leave S. P. R. R. (Arcade depot)
at 5:05 p.m. and Terminal Railway depot
at 6:12 p.m. The company reserves right
to change without previous notice, steam
ers, sailing dates and hours of sailing.
W. PARRIS, Agt., 124 W. Second St., Loa
Gen. Agts., S. F.
April 12, 1897.
Leave Arrive
Los Angeles. Los Angeles.
7:30 a. m. 8:47 a. m.
9:35 a. m. 11:10 a m.
11:40 a. m. 1:05 p. m.
2:15 p. m. 4:50 p. m.
5:38 p. m. 6:40 p. m.
9:35 a. m. 11:10 a. m.
3:15 p. m. 4:50 p. m.
The only line from Los Angeles making
connection with Mt. Lowe Railway with
out change ot cars.
7:25 a. m. 8:33 a. m.
1:15 p. m. 2:28 p. m.
5:20 p. m. 6:30 p. m.
8:50 a. m. 8:30 a. m.
1:10 p. m. 11:36 a. m.
5:12 p. m. 6:36 p. m.
•8:00 a. m. »7:30 p. m
8:50 a. m. 5:36 p. m.
•8:00 a. m. »7:90 p. m.
•Sundays only.
Direct connections with steamer Fslcon
going and returning dally. Tourists can
make the round trip in one day if desired.
The best fishing on the coast. Boyle Heights
cars pass Terminal station.
W. J. COX.
General Passenger Agent.
way Company.
Los Angeles depot: Corner of Grand ave
nue and Jefferson street.
Leave Leave
Los Angeles Redondo for
for Redondo. Los Angelee.
9:30 a. m. Dally 8:00 a. m.
1:30 p. m. Daily 11:00 a. m.
5:30 p. m. Daily 4:15 p. m.
Take Grand avenue electric cars or Main
street and Agricultural Park cars.
L. J. PERRY, Superintendent.
If Eyes Could Speak
of ill-usage and careless treatment at tnehsM*
of their owners. They only tell It In pains and
aches. Do your eyes Justloe. If iu*r* I* a
f ain or ache have our optlcla n examlo* them,
t costs nothing unless you get glass*** and
then It s oniy a trifle.

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