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The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, September 12, 1897, Image 15

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85042461/1897-09-12/ed-1/seq-15/

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Los Angeles, Sept. 11, 1897.
Municipal bond sales for the month of
August, as officially reported to the New
York Bond Buyer, aggregate only $8,890,813,
but, ac that journal says, "this Is nearly
double the sales for the corresponding
month of 1896, when the bond sales fell oft
on account of the political agitation in
favor of the free coinage of silver."
The Bond Buyer says further that "while
tho total sales for this month are bolow
the average for the several months of
1887, during which the municipal bond busi
ness has been in Its normal condition of
prosperity, the general result is full of en
couragement for dealers im municipal
bonds." t
The same journal furnishes ln tabulated
form the comparative statement repro
duced below of bond sales 1 for twelve
months, which will be valuable for refer
Date— Issues. Bidders. Amounts.
August, 1896 126 81 $14,970,668
September. 1895.. 93 46 12.393.055
October, 1895 126 91 8,119.6u6
November, 1895.. 100 62 6.130,786
December, 1895... 101 67 9,214,005
January, 1896.... 105 113 7,652,01.
February, 1896... 78 66 3.986,863
March, 1896 108 74 9,123,880
April, 1896 112 70 6,991.922
May, 1896 126 60 11,823.370
June, 1896 173 101 14,186,680
July, 1896 122 103 7,814,558
Total 1,365 933 $111,406,676
Average 114 78 9,283,859
Date— Issues. Bidders. Amounts.
August, 1896 63 74 $4,738,831
September, 1896.. 79 89 4,804,607
October, 1896 82 111 4.834,480
November, 1896.. 125 70 33,705,714
December, 1896... 115 103 10,926,507
January, 1897.... 109 S3 12.328.521
February, 1897.. 96 79 12.343,423
March, 1897 90 135 13.708,195
April, 1897 153 111 15,154,651
May, 1897 150 105 10,316,364
June, 1897 263 155 19,977,919
July, 1897 224 155 21,656,713
Total ...T. 1,548 1.270 $164,496,225
Average 129 106 13,718,019
♦ ♦ ♦
A recent article in the Wholesale Grocer
of Chicago gives an. elaborate account of a
fight which is alleged to be "waxing warm"
between the Germain Fruit company and
the Los Nletos and Ranchlto Walnut
Growers' association, in which account it
Is stated that the Germain Fruit company
has authorized Its Chicago agency to make
sales at % cent under any quotations the
association may make. In reply to this
article, the directors of the association,
referred to are anxious to have It untler
atood that it takes two parties to make
a quarrel and so far as the association
Is concerned It has no fight on hand with
anybody. It is also denied that the Ger
main company was ever a member of the
With regard to the walnut crop of this
year, the Chicago Grocer quotes as fol
lows: The total deficiency of the crop
will be about fifty cars, and the yield of
hardshells will be but one-fourth of last
year's, but the quality of the nuts will be
fine. The present estimate is from 160 to 175
cars of ten tons each. The low freight
rate to the east ($1.30 being the present
rate) and the shortage of the-Grenoble crop
has created an active demand for the Cali
fornia product. The walnut growing dis
trict is not confined to Los Nletos, which
produces about one-fourth of the entire
crop of the state, but Whittier, Fullerton,
Anaheim, Orange and several other places
grow walnuts of the best quality.
♦ ♦ ♦
Real estate security can neither fall nor
disappear, says Thomas Magee. The owner
has It In his own hands, and It Is, there
fore, subject to his own. failure and mis
takes only, and not to the errors or the dis
honesty of others. Land is the source of
all wealth, and, has been everywhere the
sheet anchor of Independence and fortune.
It yields as high an income as anything
that Is absolutely safe can, while the ad
vance In value, taking one year with an
other, amounts of Itself to a handsome In
come In the majority of cases and to an
Independence in many cases. The largest
combined fortunes ln the United States
have been made through real estate invest
ments; the shrewdest men hiave unflinch
ingly stuck to it and have never been
disappointed. Real estate cannot fail and
cannot disappear. It especially commends
itself to persons of small means, for the
advances in values which occur in It are
larger than in any other investment which
affords absolute safety and security.
♦ ♦ ♦
The world's available wheat supplies (not
including Australian stocks) amounted to
66,913,000 bushels on September Ist, or 573,
--000 bushels more than on August 1, 1897, the
net expansion being the outcome of a
total net August decrease ln American
wheat stocks of 1,027,000 bushels in the face
of an August Increase of stocks afloat for
and in Europe, amounting to 1,600,000 bush
els. This Is the smallest September Ist
world's total recorded, and represents a
decrease since January Ist last of 72,250,000
bushels, contrasted with a shrinkage in
eight months of 1896 of 72,597,000 bushels in
world's stocks, which on January Ist were
80,000,000 bushels larger than we began with
on January Ist this year. The like falling
oft for eight months of 1895 was more than
65,000,000 bushels, but we began the year
with 15,000,000 bushels more wheat in sight
in the world than on January 1, 1896, and
46.000.000 bushels more than on Janutry 1,
1897, In 1894 the world's draft on wheat
stocks during the flrst eight months was
only 38,000,000 bushels, and we started on
January Ist with heaviest supplies on.
record. A like comparison ln precefflng
calendar years shows smaller totals of
world's wheat stocks for January Ist, and
moderate withdrawals therefrom during
the first eight months, pointing to a pros
pect for a surprising exhibition of strength
on the part of wheat prior to January Ist
♦ ♦ ♦
By the provisions of the German, insur
ance law, accident insurance Is furnished
by the German government direct to 690.
--835 employes in. the naval, military, postal,
railway transport, forest and building serv
ices. Trade associations take care of 5.409,
--218 industrial and 12,289,415 agricultural
laborers. Fishermen, domestic servants
and all persons carrying on small Indus
tries alone, or with the assistance of a few
apprentices only, do not come under the
operation of the law.
♦ ♦ ♦
The price of linseed oil has been reduced
t cents per gallon on American oil. This
puts tho price at 35 cents per gallon ln lots
of five barrel* or more and 89 cents for less
than five-barret lots and 40 cents for boiled.
Calcutta oil Is unchanged and still quoted i
at 54 cents.
4- ♦
Experiments arc now being made ln man
ufacturing beet sugar In Ohio, and If they
prove successful a company will be formed
with $500,000 capital to establish a refinery.
♦ ♦ I
It has been officially announced that
Messrs. J. P. Morgan & Co., representing
the Northern Pacific reorganization syndi
cate, have sold a large block of Northern
Pacific 3s, which practically cleans up the
syndicate's holdings of the bonds. The
amount of the block sold is said to be $2,
--000,000, and the price 00, with interest.
♦ ♦ ♦
The Glucose Sugar Refining Company
will have a capital of $40,000,000; $26,000,000
will be common stock and $14,000,000 pre
ferred, of which $1,714,000 common and $1,
--200,000 preferred will be held ln the com
pany's treasury for purpose of buying up
additional plants.
♦ ♦ ♦
The New York Stockholder computes the
amount of September Interest to be dis
bursed at $11,256,613 on bonds of a par value
of $451,7!)2,505. The amount of dlvldent pay
ments Is placed at $8,795,977 on stock of a
par value of $444,960,473.
♦ + ■¥
The Boston & Albany Railroad will pay
i its regular quarterly dlvldent of 2 percent
on September 30.
♦ ♦ ♦
It Is stated that the new refining mort
gage of the People's Gas Light and Coke
Company, Chicago, will be authorized
; shortly, It will provide for a total Issue of
| bonds about $10,000,000 in excess of the
! present outstanding bonded obligations of
' all the companies which consolidated with
! the People's Company.
♦ ♦ ♦
The Canadian Department of Trade and
Commerce report shows that the imports
for the fiscal year ending June 30 amounted
to $111,380,777, as against $110,587,713 last
year. The exports show an increase from
$118,140,504 to $134,113,970. Taking Imports
and exports together there is an increase
over last year of nearly $17,000,000.
♦ ♦ ♦
Attorney General Taylor of 'Kentucky
has filed suit against the Pennsylvania Fire
I for $1,192 for taxes due on premiums alleged
Ito have been collected by the company in
the state in 1595, and for penalties for fail
ure to report the amount of premiums col
lected. The company claims to have col
lected no premiums on which the tax may
be levied.
♦ ♦ ♦
The Northern Pacific Railway Company
! reports the operations for June of its en-
I tire system, including tbe St. Paul and
| Northern Pacilic and other lines heretofore
j leased but now owned:
June. Ten Months.
■ Gross earnings $1,556,347 $15,114,422
| Operating expenses 960,609 9,288,373
Net earnings $595,737 $5,826,044
Taxes 42,900 428,980.
Net operating In- j
come $552,837 $5,397,063
Other income, not In
cluding land sales.. 65,477 244,536
Total net Income.. $618,315 $5,641,600
♦ ♦ +
Judge Nathan Goff, of the United States
circuit court, at Richmond, Va., has sus
tained the Bell Telephone Company In Its
fight with the city council. The council
refused to renew the company's charter
unless certain conditions were granted,
which the company refused to submit to.
An Injunction was secured restraining the
city from interfering with Its lines or works
till the case could be decided by Judge Goff.
One claim of the company was that the
streets It occupied were postal roads and
part of the mall system. The court up
holds the company's contentions.
The Ord Mountain Copper Mining and
Smelting Company Incorporated today
with a capital stock of $1,000,000 divided Into
1.000,000 shares. The directors are: W. H.
Sowles, Santa Ana; S. W. Greene, W. S.
Palmer, H. A. Prlser, Ontario; A. S. Long
ley. The full amount of stock has been sub
Mining Stock Quotations
The following are yesterday's quotations
from, ihe Los Angeles Stock Exchange:
Name Stock— Bid. Asked. Sales.
Cariboo 20
Wedge 34
Rand Mt 1% 2 7000®
Pacific. Con 1% 1% 7000(1*
Magganetta .... 2% 3% 1000® 2%
1000® 2%
East Amargosa.6.so 10.00
Gold Bug 1% 1%
Lucky Star .... 1 1% 2000® 1
Cavil 1% 2
Sun Dance 16
Old Dominion .. 2%
Unlisted active-
Portland 67 100®06
;[email protected]
Little Butte 20
Val Verde 1% 100® 2
Amargosa 21% 100®22
Ivy Group 17
Sunset 5% 6%
Mohawk-Acton. 114 1% 17000® 1%
What Was Bone Yesterday on Wall
NEW YORK, Sept. 11.—The general tone
of the market today for stocks was strong,
and there was no heavy pressure of realiz
ing sales. But there was more or less weak
ness at different points scattered through
out the list. The Northern Pacific issues
were heavy on continued bad showing of
earnings, the fourth week in August show
ing a decrease and the month's decrease
In gross earnings amounting to $12,194. This
showing Is In marked contrast to the ave
rage Increases which are shown by other
railroads almost without exception. Some
of the roads In the southern group were
unfavorably affected by fear that the yel
low fever quarantine would Interfere with
their traffic, and also by the government
bureau's report of the unfavorable condi
tion of the cotton crop. The effect was no
ticeable. A feature of the day was the
sharp recovery of silver of %d. to 25% d. In
London and 1 cent to 55 cents In New
York. This was due to the decision of the
Bank of England authorities to hold one
fifth of tho bank's reserve ln silver. To
day's price Is 2d. above the lowest London
price and 3% cents above the lowest ln
New York.
The week In Wall street has witnessed
the resumption ln force of the bull move
ment, the buying throughout by commis
sion houses being in full tide. Evidences
' are abundant of buying on a large scale
for individual and corporate holdings of
capital. There has been abundant liquida
tion of other largo holdings. The belief
Is expressed that prices ln leading stocks
have advanced as far as warranted. There
is some ground for the belief that large
blocks of new securities of reorganised
companies, which had come into the hands
of large capitalists through their member
ship In underwriting syndicates, have been
passed to other hands or are being passed
ito other hands ln the current boom on
I Wall street.
Offerings have all been well absorbed,
whatever reaction was manifest being
usually recovered before the trading day
was finished. The week's speculation
showed renewed activity ln railroad se
curities, while the industrial specialties
were less prominent. Development of new
factors of strength ln the general situation
has done away with the necessity for this
dally bracer or artificial stimulant to the
market. One of the most notable develop
ments ln the general situation has been
the growing interest In Americans on the
part of the English and continental capi
talists. As the London market Is nearly
stripped of American securities, much of
this buying has been in the New York mar
ket. The supply of Americans ln London
has, ln fact, become so small that they
are easily affected by manipulation and the
course of their prices Is no longer ac
cepted as a reliable Indication In New
York. That the large sales of American
securities by foreigners have been In
cited by foreign financial authorities and
encouraged and aided by large banking and
financial interests, with a view to their
effect in checking gold exports to this coun
try and keeping down the money rate in
London, is now fully admitted. It is much
doubted whether the expedients adopted by
the Bank of England to check the outflow
of gold by contracting loans and raising the
discount rate will be much longer success
ful. The bank is handlcaped by its own
desire to keep down the money rate In
order to facilitate the success of the In
dian government loan. But the evidence of
continued heavy bank clearings through
out the United States is that uses are be
ing found ln business for the country's
surplus reserves of money. This is sup
plemented in today's statement of New
York clearing house banks. The decrease
of $7,078,000 ln the stock of legal tenders
Indicates that the contraction ln the re
serves Is due to the demand for currency
from the Interior.
Government bonds are %@% higher. Total
bond sales, $17,028,100.
Closing Stocks
NEW YORK, Sept. 11.—The following
are the closing stock quotations:
Atchison 16% Rock Island ...k.9C%»
do pfd 35 St L & S F 6%
Baltimore & 0...18 do pfd 14
Canada Pac ....73% St Paul 101%
Canada 50uth..68% do pfd 145%
Central Pac... 13% St Paul & O 83%
Chas & 0hi0....25% do pfd....145
Chicago & A....164 St P M & M 122
C B & Q 101 Southern Pac ....22%
C & E 1 59 Bo Railway 12
CC C &5tL...41% do pfd 37%
do pfd 84 Texas & Pacilic.l3%
Del & Hudson.ll9% Union Pacific ....19%
D L & W 159 U P D & G 7
D& R G 13 Wabash 8%
do pfd....48% do pfd 23%
Erie (new) 18% w & L E 3%
do Ist pfd.. 44 do pfd 17
Fort Wayne...l73 Adams Express.lss
Great N pfd...11l American Ex....116
Hocking Val... 6 US Express .... 44
Illinois Cen ....109 Well*-Fargo ....108
L E & W 20% Am Cotton 0i1....25
do pfd....74 do pfd 78
Lake Shore ...,176% Am Spirits 14%
j Louis & Nash..6l% do pfd....34%
i Manhattan L..111% Am Tobacco .... 93
'Met Traction..l 23 do pfd 113
Michigan Cen.. 108% Chicago Gas ....104%
Minn & St L... 27% Con Gas 217%
|do Ist pfd.. 87% Com Cable C 0...170
Missouri Pac... 39 Col F & 1 26%
I Mobile & Ohio. 31 do pfd 80
I M X & T 15% Gen'l Electric ....38%
I do pfd....39 Illinois Steel .... 38
: N A & Chicago 11% La Clede Gas ....44
Ido pfd 35% Lead 43%
; N J Cen 97 do pfd 108 |
IN V Cen 112% Nat Linseed 0i1.17%
i N V C & St L..16% Ore Tmp Co —
do Ist pfd.. 80% Pacific Mall .... 37%
do 2d pfd... 40% Pullman Palace.lß2
, Norfolk West.. 16% Sliver Cert 54%
;N m Co 5% Standard R & T..8%
Northern Pa 5..19% Sugar 155
Ido pfd 54% do pfd 120
I Northwestern. 127% T C & I 34%
I do pfd....164% U S Leather 9%
i Ontario & W.... 17% do pfd 70%
OR&N '~4OAI U S Rubber ....18%
I Ore Short Line 22% do pfd 68%
Pittsbug 169 Western Uni0n...86%
Reading 27% Chicago & G W. 17
Bond List
NEW YORK, Sept. 11.—The following
were the closing quotations on bonds to
U S n 4s reg....126 N J C 5s 113
U S n 4s c0up...126 N Carolina 55....126
U S 4s 111% N Carolina 65....102%
!US4scoup 113% North Pac 15t5..122%
TJ S 2ds 98 North Pac 35....60
US 5s reg 114 North Pac 45....92%
U S 6s c0up....114 N V C & St L 4s. .106
District 3 665..109% Nor & W6s 123%
Ala Class A....107 N W c0n5015....143
Ala Class 8....106 N W deb 5s 110
Ala Class C... 98 O Nay lsts 112
Ala Currency.. 98 O Nay 4s 91%
Atchison 4s ....89% O S Line 6s 117%
I Atchison ad 45..60% O S Line 5s 92
Can South 2d5.106 O Imp lsts 101%
Can Pac lsts... — O Imp 5» 39
C & N P tr 6s..4s%Paciflc 6s of '95..102
C & Ohio 55...112% Reading 4s 85%
CH & D 4%5...104% R G W lsts 81%
D & R Gists...llo% St L&I M con ss. 89%
i D & R G 4s ....89% St L & S F gen 65116%
East Term lsts.loß% St P Con UO'A
Erie gen 4s 73 St P C & P 15t5..121
F W & D lsts.. 75% Bt P C & P 55...115
Sen'l Elec 65...100 S Carolina n-f.. %
aTT*•R A 6« 198 So Railway 55.... 91%
G H & S A 2d5.100 S R & T 6s —
H & T C 65....109% Term n set 35.... 85%
H & T C 65....106 Tex Pac L G lsts 96%
lowa C lsts 99 Tex Pac reg 2ds 32',&
Kan P Con 96% Union Pac 15t5..111%
X P Ist (D D).U4%TT P D & Gists..49%
La n conso!s4s. 95 Wabash Ist 55...107%
I, &N Un 45.. 85% Wabash 2ds ....T9U
Missouri 6s 100 West Shore 45..105%
M X & T 2ds ....64 Va Centuries .... 17%
MK&T45....86 Va deferred 4
N V Cen lsts.. 118%
Mining Stocks
SAN FRANCISCO, Sept. 11.—The official
closing quotations for mining stocks today
wera as follows:
Alta 15 Julia 4
Alpha Con 23 lustlce 13
Andes 27 Kentuck Con 8
Belcher 52 I. Wash Con —
Belle Isle — Mexican 72
Best & Belcher. 96 Mt. Diablo —
nodie Con — Mono —
Bulwer Con — Standard —
Bullion 14 Occidental C0n....265
Caledonia 35 Ophlr 130
Challenge Con... 49 Overman IS
Chollar 76 Potosl 64
Confidence 120 Savage 67
Con Cal & Va....185 Scorpion 9
Con Imperial.... 3 Sierra Nevada. 135
Con New York... — Silver Hill 3
Crown Point 43 Sliver King —
Exchequer 7 Union Con 72
Gould & Curry.. 82 Utah Con 31
Halo & Norcross.lSO Yellow Jacket 61
Money' in Bank
NEW YORK, Sept. 11.—The weekly bank
statement shows the following changes:
Surplus reserve decrease, 87,445,325: loans
Increase, 87,325,600; specie Increase, $256,700;
legal tenders decrease, 87,078,000; deposits
Increase, $390,700; circulation increase,
$286,300. The banks now hold $26,668,825 In
excess of legal requirements.
The Financier says: The full effect of
the ourrent shipments to the Interior Is
shown by the returns of the associated
banks of New York city for the week end
ing the 11th. The loan Increase amounts
to $7,352,600, the decrease ln cash to $7,347,
--700 and the loss in reserve to $7,445,325, while
deposit* expanded only $390,600, showing
that the money obtained by loans does not
constitute a bank credit ln the form of a
deposit as usual. In other words, if the
statement is to be relied' on, tho funds nave j
gone to the interior to move the crops. In
New York the commercial paper market
has been quite active and stock exchange
requirements have been a continued de
mand for call money. At this time last
year call money began, to go up as the
banks withdrew from the loan market, but
there docs not seem to be the slightest
probability that the supply will not be
sufficient for all demands until the end of
the year.
As the How of money to the west has not
yet ceased the chances are that New York
banks within the next few weeks will re
port over half of their reserve ln gold.
The government is rapidly approaching the
same condition owing to revenue deficiency
and increased gold supply. It is worth not
ing, however, that the note circulation of
the New York banks is for the first time
in a good while increasing.
Money Quotations
NEW YORK, Sept. 11.—Money on call
nominally 1%01% per cent; prime mercan
tile paper, 3%©4 per cent: sterling ex
change easy, with actual business In bank
ers' bills at 4.85%©4.56 for demand and
4.83%©4.83% for sixty days; posted, rates,
4.8404.86% and 4.56%©4.87%; commercial
bills, 4.82%(ffi4.82%.
SAN FRANCISCO, Sept. 11.—Drafts,
sight, 5; telegraphic, 7%.
LONDON, Sept. 11.—Consols, 111%.
Exports and Imports
NEW YORK, Sept. 11.—The exports of
specie from the port of New York for the
week amountod to 88000 in gold and $676,361
In silver. The Imports for the week were:
| Gold, $101,626; silver. $19,331: dry goods,
$1,102,116; general merchandise, $4,416,542.
Silver Bullion
NEW YORK, Sept. I].—Bar silver, 55;
Mexican, dollars, 42%.
SAN FRANCISCO, Sept, 11.—Bar silver,
54V,; Mexican dollars, 42%«H2%.
LONDON, Sept. ll.—Bar sliver, 25% d.
Yesterday's Transactions on the Board
of Trade
CHICAGO, Sept. 11—No matter what the
complexion of a government crop report
may be, the wheat market is almost in
variably weak after Its announcement.
Today's market was no exception. Wheat
started at a decline of % to % cent, and with
the exception of two or three short spasms
of strength, the market was decidedly off
color all day. The market was Influenced i
more by what was learned yesterday of the I
growing weakness, the most desirable ship
ping grade of winter wheat, No. 2 Kansas j
hard, and a decline of %©lcl at Liverpool,
than by the government estimate of the
crop, The government estimate, 464,000,000
bushels was rather small in itself, but the
trade generally believed In a yield 100,-!
000,000 larger than that. The week's clear-j
ances from the coasts were equal In wheat
and flour to 5,461,500 bushels against 6,268,- ;
000 bushels the corresponding week of 1596.
Chicago received today 265 cars against 184
a year ago. Minneapolis and Duluth got
759 cars against 480 Saturday last and 1166
cars a year ago. Temporary firmness was
given to the market at about the price
trading commenced at when the export'
clearances began to be made known, and 1
it was found that the shipments of wheat
from Philadelphia were 105,000 bushels and [
from New Orleans 326.000 bushels. Follow-
Ing that temporary encouragement the first |
reasons for weakness returning were In
the doubted strength and much more ma
terial break took place. Tbe total clear
ances of wheat and flour from Atlantic
ports for tho week amounted to 890,000
bushels, but that did not further Interfere
with the weakness with which the market
had meantime become badly afflicted. Af
ter fluctuating for a short time around the ,
lower edge of the opening range it gradual- i
ly Increased In heaviness until about half
an hour from the end of the session when it
had got down to 96.
The weakest phase of the market <was ln
the last ten minutes of the session, by
which time the general crowd had gained
I the courage of their convicl.lons and no
longer feared to sell the wheat they con- j
; sidered much toe high. They battered the
\ price down to 95%, even to 95% for some of
it, but not wishing to go home short some
1 buying of that sort caused a recovery to
96V4 at the close.
Corn was radically weak, made so by the
government crop report, heavy receipts
and a rather poor shipping demand. J
Taking into consideration the weakness
I In corn and wheat, oats were comparative
ly steady, although prices at the close were
from % to % cent lower.
In provisions stop-loss orders were nu
merous. A great deal of stuff was liquidat
ed by New York and the selling at times
took on the appearance of an organized
The leading futures closed as follows:
Wheat, No. 2—
September ....96%
December (new) 96%
May 95%
I Corn, No. 2—
September 80%
i December 31%
May 35%
Oats, No. 2—
September 19%
December 21
May 23%
Cash quotations were as follows:
Flour, barely steady; winter patents, 5.00
©3.20; straights, 4.7004.90; spring specials,
6.15; spring patents, 6.2006.60; straights,
4.7i)@5.10; No. 2 spring wheat, 96%097%;
No. 3 spring wheat, 90<(i97%; No. 2 red, 97%
©95%: No. 2 corn, 300 30%; No. 2 oats, 19%
.©SO; No. 2 white, f. o. b„ 22Vi^2314: No. 3
' white, f. o. b., 21%(fi22%; No. 2 rye, 51%; No.
2 barley, nominal; No. 3. f. o. b., [email protected]; No.
;4,f. o. b., 28%®38; No. 1 flaxseed, 1.0501.07%;
prime, timothy seed, 2.60©2.65; mess pork,
j per barrel, 8.20®8.26; lard, per 100 pounds,
: 4.37%; short ribs sides (loose), 5.10*5.40: dry
I salted shoulders (boxed), 5%£i5%; short
I clear sides (boxed), 3%©5%; whisky, dls
, tillers' finished goods, per gallon,. 1.22;
i sugars, cut loaf, 1.22; granulated, 5.21.
Receipts. Shipments.
'Flour, barrels 8,000 9,000
[Wheat, bushels 251,000 12,000
;Corn, bushels 874,000 366,000
I Oats, bushels 444,000 456,000
Rye, bushels 19,000
Barley, bushels 42,000 16,000
On the produce exchange today the but
ter market was firm; creameries, [email protected]%:
dairies, [email protected] Eggs were firm; fresh, 12©
12%. ■
Chicago Live Stock
CHICAGO, Sept. 11.—Cattle—Receipts
small and quotations were almost entirely
nominal; the few sales made were at yes
terday's prices.
| Hogs—Sales were made of heavy pack-
I ins hogs at 3.7503.95, and choice have
■brought 4.1504.45, while prime assorted
lights sold at 4.35 and choice mixed at 4.30;
the greater part of the hogs sold at 4.00®
4.25. lots of little pigs selling for 2.5003.00.
Native sheep were steady at 2.60(fD4.25 and
I lambs were saleable at. 3.25*13.75 for culls,
up to 5.5005.75 for choice; eastern buyers
take all the western ewes at 3.50©3.60 they
can get.
Receipts—Cattle, 200; hogs, 11,000; sheep
Call Board Prices of Cereals and Ship
ments Received
SAN FRANCISCO, Sept. 11.—Wheat-
Firm: December, 1.60%; May, 1.59%. Bar
ley—Easy: December, 94%. Corn—Large
yellow, 1.1001.15. 8ran—[email protected]
Flour—Family extras, [email protected]; bakers'
extras, 5.00(§5.10.
Wheat—Shipping, 1.66% per cental for No.
1 and 1.57% for prime; milling wheat, L6O
Barley—Feed, 92%®95; choice, 97%@1.00;
brewing. 1.02%®1.10.
Oats—Poor to fair, 1.07%®1.17%; good to
choice. 1.20®1.30; fancy feed, 1.35®1.40; new
red, 1.1501.20: new Salinas, 1.15®1.25; gray,
1.1501,20: milling, 1.3001.35; Surprise, 1.46
©1.50; black for feed, 1.1061.20; black for
seed, 1.2001.30.
Receipts—Flour, quarter sacks, 11,900;
wheat, cental!, 2000; barley, centals, 9900;
oats, centals, 8800; do Oregon, 1200; beans,
sacks, 400; corn, centals, 480; potatoes,
sacks, 2500; onions, sacks, 183; bran, sacks,
500; middlings, sacks, 240; hay, tons, 362;
s.lraw ,tons, 5; hops, bales, 41; wool, bales,
327; hides, number. 475; quicksilver, flasks,
55; wine, gallons, 55,700.
San Francisco Produce
Middlings—l9.ooO22.oo per ton; California
and Oregon bran, 14.50016.00.
Hay—Wheat, 11. 50 ft 14.50; wheat and oat,
[email protected]; oat, lO.OOCu12.00; river barley, 7.00
08.00; best barley, [email protected]; alfalfa, sec
ond cutting, 8.00010.00; clover, 7.0008.50:
stock, 7.0009.00; compressed wheat, 12.50®
14.00 per ton; straw, per bale, 30040.
Dry Beans—Pink, 1.4001.50; lima, 2.15
(82.30; small white, 1.2501.40; large do, 1.30
! ©1.40.
Vegetables—Early Rose, 30040 percental:
River Burbanks, 40050: River Reds, 40©50;
new sweet potatoes, 1%©2 per lb.; new
sllverskin onions, [email protected] per cental; bay
cucumbers, 25030 per box: dried pepper, 507
per lb.; garlic, 1%®2 per lb.; green peas,
I®2 per lb; string beans, 1%03 per lb.;
bay squash, 30®40 per box; tomatoes, 30050
per box: green corn, 40©85 per sack; chile
pepper, 25©30 per box; egg plant, 35050 per
box; green okra, 25040 per box; lima beans,
Fresh Fruits—Apples, large box, 40066;
crabapples, 15K35 per box: strawberries,
3.5004.00 per chest: blackberries, 2.5003.00;
canteloupes, 7601.26 crate; figs, 30040 per
small box, 407E00 per large box; Fontalnbleu
grapes, per box; Muscat grapes, 25®
35 per crate: peaches, 40ffi75 per box; plums,
20<i50 per box; pears. 40060 per box; water
melons, 7.00013.00 per hundred.
Citrus Fruits—Oranges. Valencia, 1.50
O3.00; Mexican limes, 5.00®6.50 per box;
common California lemons, 1.5002.50 per
box; fancy California lemons, 3.0(1 per box.
Tropical Frui.s—Bananas, [email protected] per
bunch; pineapples, 2(ir4 per doz.: Smyrna
figs, 13014 per lb; Persian dates. 6 tb.
Dried Fruits (new crop)— Apricots, car
lots, s<ii6% per tb. for Royals. 7SiS% for
Moorparks; prunes, car load, 3©4; black
ligs. jobbing. 3©3%: raisins, 3% for two
crown, 4(4 for three-crown, 5% for four
crown and 1.15 for London layers: peaches,
607%; nectarines, 5%©6. Old crop (Jobbing
prices)—Apples—Evaporated, 5%(&6; sun
dried, 3®4. Peaches—4©6%: peeled, ln
boxes, 10%. Pears—Fancy, 5©6; choice, 3%:
Btandard, 2%; prime, 2. Plums—Pitted. 4©
j4%; unpitted, I©l%. Prunes—2%ff<2%. Nec
tarines—[email protected] Figs—Choice white, 3;
black, 4.
Nuts—California walnuts, 6©7 for hard
shell. B©9 for soft and paper shell: Cali
fornia almonds, 607 for soft shell, 3{i4 for
hard shell and 10 tor paper shell: peanuts,
j4©s for California and 5©6 for eastern.
| Raisins (Jobbing)—ln sacks or 50-Tb.
i boxes, four-crown, loose, 4<S5; three
i crown, 3%©4: two-crown, 2%©3,4; seedless
'Sultanas, 505%; seedless Muscatels. 404%;
'■■ In 20-tb. boxes, three-crown London layers,
<; clusters. 1.1601.25; Dehesa clus
j ters. 1.7502.00; Imperial clusters. 2.000 2.25.
I Butter—Fancy creamery, 26©27: second,
! 24W25: fancy dairy, 22%: second. 2n<fi2l.
! Cheese—Fancy mild new, 8; fair to good.
j7(ff7%; California cream Cheddar. 10011;
; Young American, B©9; eastern, 13014; west
ern. [email protected]
Eggs—Ranch. 20024; store, 15018; east
ern, 14©19; duck eggs, 16©17.
Poultry—Live turkey gobblers, 15016;
i hens, [email protected]; old roosters, 3.50W4.00 per
idoz.; young do, 3.50(f?4.50: small broilers.
[email protected]; large do, 2.75©3.00; fryers, 3.00
'3.50: hens, 3.00W4.00; ducks, old, 3.00: do
young, 2.50©4.00: geese, per pair, 75(31.00;
i goslings, 1.0001.50 per pair; pigeons, 1.000
j 1.25 per doz.
I Honey—Comb. [email protected] for bright and 608
jfor other grades; water white extracted.
4%04%: light amber, 3%04; beeswax, 23®
25 per lb.
Dried Fruit Prices
NEW YORK, Sept. 11.—California dried
fruits steady. Evaporated apples, prime,
'wire tray, 6% per lb.; wood dried, prime,
'6%; choice, 6%; fancy, 7. Prunes, 3%®7%
'per lb., as to size and quality. Apricots,
Roya, 708: Moorpark, 9©ll. Peaches, un
peeled, 7©10; peeled, [email protected]
Liverpool Market
LIVERPOOL, Sept. 10.—Close: Wheat,
No. 1 red winter, Bs. Id.; No. 1 northern red
spring dull, Ss. 9%d.; spot quiet, demand
, poor. Corn, American mixed spot new
; quiet, 3s. 4%d.; old quiet. 3s. 5d.; Septem
, l ber quiet, 3s. 4d.; October quiet, 3s. 4%d.;
, 1 November quiet, 3s. 5%d.
, Petroleum
j NEW YORK, Sept. 11.-Petroleum—
.[United closed at 69% bid; Pennsylvania
; crude, nominally 85.
Copper—Fair; brokers', 11%,
California Fruit Sales
NEW YORK, Sept. 11.—Earl Fruit com
• pany sales: Grapes — Tokay, 1.25®1.53.
i Pears—Bartletts, [email protected]
I • "
Local Quotations
Light medium bacon Is up % a cent and
medium off a % cent. Salt clears are % of
a cent dearer. Holders of strictly fancy
eggs are striving to get 19 cents. The mar
-1 ; ket is strong, but it Is hard to go from 18
Ito 19 cents, as eggs must still be retailed
[at 20 cents. It would be better to put fine
■ [ egigs at 20 and retail them at 25 cents. That
i may be the outcome soon.
| BUTTER—Extra local 32-ounce squares,
[55; fancy creamery, Northern, 32
--| ounce squares, 52%; do 28-ounce. —: fancy
i dairy, Northern, 32-oz., 42%045; do 2S-
I ox. rolls, 35©37%; choice dairy, Northern,
• 32-oz. rolls, —; choice do, 28-oz., [email protected]!4;
j pickled do, 28-oz., —; fancy tub, per
,Ib.. 20©22.
EGGS—Fancy ranch, 18019; fair to good,
i [email protected]%; Eastern, 16017.
CHEESE—Martin's New York Cheddars.
I per lb., 13%; Wisconsin full cream, per
lb., 10911; California half-cream, per lb„
8%; coast full cream, per lb.. 9: California.
Downey or Anchor, per lb., 11%; do Young
America, per lb., 12%; do 3-lb. hand, per lb..
[13%; domestic Swiss, per lb., 16; imported
• Swiss. 24025: Edam, fancy, per doz., 8.50.
, j POULTRY—Hens, 4.0055.00 per dozen;
j young roosters, 4.0004.50: broilers, 2.25
03.26; fryers, 3.00©4.00; old roosters. 3.500
j 4.00; ducks, 4.00®5.00; turkeys, live, 13015;
, dressed, —.
I j GREEN FRUITS—New apples. 7501.15 per
1 I box; strawberries, common, 6©7: fancy,
I SitlO: bananas, bunch. —; crates extra;
I blackberries, per box, 7©9; raspberries, per
box, 10O12; peaches, per lb., I®2; wa
, i ter melons. 5001.35 per dozen; pine ap
. : pies, per dozen, [email protected]; grapes, per crate.
60075; plums, per box, 50®75: figs, per
, '<■ box, 75®90; new pears, per box, [email protected];
canteloupes, per dozen, 80®66: nectarines,
per box, quinces, I©l> 2 per lb.
MILLSTUFFS—FIour, local mills, 5.20
per bbl.; Stockeon brands. 5.65; Oregon.
—; Eastern, 6.0006.75; shorts, ton, local,
20.00; rolled barley, per ton, 20.00; cracked
' corn, per 110 lbs., 1.1501.25; feed meal, per 100
lbs., 1.25; bran, 18.00 per ton.
CITRUS FRUlTS—oranges, St. Mich
aels, 2.50®3.00; Mediterranean sweets. 2.25
lemons, cured, [email protected]: uncured, 1.00®1.60.
VEGETABLES—Beets, per 100 lbs., 70;
cabbage, per 100 lbs., 65075; chilies, dry,
per string. 60®60; Mexican, per lb.. 10®11;
green, per lb., 6; garlic, 3©3%; new
onions, 1.00O1.10; beans, string, 1b.,2%®8; cu
cumbers, box, 40; lettuce, dozen, 15®
20; green peas, per lb.. 4®6; turnips, 100
lbs., 76085; hubbard squash, per 100 lbs., 85;
rhubarb, 60060 per box; Lima beans, per
lb., S®3%; parsnips, per 100, 76085; green
onions, per dozen, —; leeks, per dozen,
15; parsley, per doz., 25; radishes, per doz.,
20; cauliflower, head, 5©10; summer squash.
. per box, [email protected]; egg plant, per lb., [email protected];
green corn, per sack, 60870; tomatoes, per
box, 40350; okra, per lb., [email protected]; celery, per
. doz., 500 75.
, 7© 10 per lb.; strained, [email protected]; beeswax, 20®
25 per lb.
GRAlN—Wheat, 1.60; corn, email,
yellow, 1.25; large yellow, 1.10; oats, 1.19
©1.25; barley, common, 95.
, HAY—Wheat, per ton, 7.00®7.50; barley,
5.5007.00; oat, 7.0007.50; alfalfa, baled, 6.00;
loose, 6.00; Straw, [email protected]
RAISINS—Fancy clusters, 20-lb. boxes.
1.75; 4-crown LL clusters, [email protected];
[ l-crown LL, per box, 1.2501.35; 3
crown, loose, muscats, per box, 1.10
. 6-.16; ordinary, loose, per box. £0075; 2
' crown, loose, ln sacks, per lb., 4%; S
' orown, loose, in sacks, per lb., 6%©5%; 4
orown, fancy bleached, per lb., 10; Sul
.ana. seedless, choice per lb., 7%@9; frac
tions, half crown, per lb., (06%; Sultana,
seedless, boxes. 26; quarter boxes, 60a per
box higher than whole.
The Randsburg District!;. Klondike 1,,*.
In this famous district in located tbe property of tha RAND MOUNATAIN MIMNQ CO.. S
claimi, 60 acres, adjoining such famous mines as the WEUGE. KEN YON AND RAND
MINES. Shaft is now down 165 feet, and we are working night and day. 1 offer you a limt ea
amount of stock at 2% cents per share, fully paid and non-assessable Now is the time to bay,
as this stock will advance as development work goes on. A few thousand shares may make
you a fortune. I'or further particulars address J. C. GLADDbN,
[Member L. A. Mining Exchange,] 214 Btimson Block, Los Angeles. Cal.
Capital paid up ----- - 9500,000.00
Surplus and reserve .... 875,000.00
I. W. HELLMAN, President; H. W. HELLMAN, vlce-Pres.; H. J. FLEISHMAN.
Cashier: G. HEIMANN, Assistant Cashier. Directors —W. H. PERRT, O. W.
Special Collection Department. Correspondence invited. Our Safety Deposit De
partment offers to the public safes for rent in its new Fire and Burglar-Proof Vault,
which is the strongest, best-guarded and best-lighted in this city.
At Loa Angeles
Capital and Profits, $270,000.00.
- «. _ J. M. C. MARBLE, O. H. CHURCHILL,
I. M. C. MARBLE President O. T. JOHNSON, H. M. LEETZ,
H. M. LUTZ Vice-President N. W. STOWELE, E. F. C. KLOKKE.
R. I. ROGERS Assistant Cashier A. HADLEY.
United States Depository
Capital $500,000.00 Surplus $50,000.00
Total $550,000.00
GEO. H. BONEBRAKE President WARREN GILLELEN...Vice-President
F. C. HOWES CashierE. W. COE Assistant Cashier
Geo. H, Bonebrake, Warren Glllelen, P. M. Green, Chas. A. Marriner, E. P.Johnson,
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 preferred creditors.
Corner Main and Second Streets
. _ H. W. Hellman, J. F. Sartori, W. L. Graves,
J. F. SARTORI President H, J. Fleishman, C. A. Shaw, F. O. John-
MAURICB S. HELLMAN..Vice-President son, J. H. Shankland, J. A. Graves, M. L.
W. D. Longyear Cashier Fleming, M. S. Hellman, W. D. Longyear.
Interest paid on term and ordinary deposits
Money loaned on first-class real estate)
Capital stock $400,000 Surplus and undivided profits 0ver..5250,00$
J. M. ELLIOTT President W. G. KERCKHOFF Vicee-Presldent
FRANK A. GIBSON Cashier G. B. SHAFFER Assistant Cashier
J. M. Elliott, J. D. Blcknell, F. Q. Story, H. Jevne, J. D. Hooker, W. C. Patterson,
Wm. G. Kcrekhoff.
No public funds or other preferred deposits received at this bank.
Capital 8500,000.00
H. J. WOOLLACOTT President WARREN GILLELEN,Second Vlee-Pre*.
J. F. TO WELL First Vice-President J. W. A. OFF Cashier
M. B. LEWIS Assistant Cashier
A general banking business transacted. Interest paid on time deposits. Safe de
posit boxes for rent.
The German Savings and Loan Society, 526 California St., San Francisco
Guaranteed capital and surplus.s 2,040,201 66
Capital actually paid up ln cash. 1,000,000 onDeposlts December 31, 1896 27,730,247 tt
President B. A. BECKER Assistant Cashier..... WM. HERRMANN
First Vice-President....DANlEL MEYER Secretary GEORGE TOURNY
Second Vice-President..H. HORTSMANN Assistant Secretary A. H. MULLER
Cashier A. H. R. SCHMIDT Attorney W. S. GOODFELLOW
Board ol Directors—B. A. Becker, Ign. Stelnhart, H. B. Russ, Daniel Meyer, N. Van Burgoo,
P. N. Walter, 11. Horstmann. E, Bohte, N. Ohiandt.
QROAD WAY BANK, Cor. Broadway and Third St., Los Angeles, Cal
Officers—WAßßEN GILLELEN, President; GEO. H. BONEBRAKE Vice-Pres
ident: F. L. FORRESTER, Assistant Cashier.
Directors—Geo. H. Bonebrake, H. V. Van Dusen, M. H. Flint, Wm. M. Van Dyke,
J. R. Haugh, Warren Glllelen. 1
Capital paid up----- - - $100,000
Junction of Main, Spring and Temple sts. (Temple block), Los Angelea
OFFICERS AND DIRECTORS—T. L. Duque, President: I. N. Van Nuys, Vloe-
President: B. V. Duque, Cashier; H. W. Hellman, Kaspare Kohn, H. W. O'Melveuy,
J. B. Lankershim, O. T, Johnson, Abe Hass, W. G. Kerckhoff.
Money loaned on real estate. Interest paid on term and ordinary deposits.
230 North Main Street
J. E. Plater, President; H. W. Hellman, Vice-President; W. M. Caswell, Cashier.
Directors—l. W. Hellman, J. E. Plater, H. W. Hellman, I. W. Hellman, ir., W.
M. Caswell.
Interest paid on deposits. Money to loan on first-class real estate.
152 North Spring St. Interest Paid on Deposits
DIRECTORS—J. H. Braly, J. M. Elliott, H. Jevne. Frank A. Gibson. Simon Maier,
W. 1), Woolwlne, W, C, Patterson. Safe Deposit Boxes for Rent.
Ik Cudaliy Packing: Gfc
Packers aad Jobbers ot
o—"Rex" Hams—o
Breakfast Bacon and Lard
Also dealers ln Fresh Beet.
Pork and Mutton
r»l. Main 08&, '«oj Angelu. C»J»
West Glendale —
Winery and Vineyards
CHAS. U. PIRONI, Proprietor
No. 840 N. Main St., Baker block. Telephone
636. P. O. Box 15. Station C. High grade Table
and Medicinal Wines. My Specialty: Sacra,
mental Wines. Pure Graf* Brandies el mi
•wo distillation.
Los Angeles Vitapathic Institute
kinds, also Vacuum and the latest improved
methods of constitutional treatment. Fifteen
of the best equipped treating rooms ou the
coast. Inspection invited. Visitors always
welcome. Correspondence solicited. Address
53|iy S. Broadway, Hotel Delaware.
Allen's Press Clipping Bureau
105 Hast First Street, Los Angeles, Cal.
Furnish advance reports on all oontraot
work, such as sewers, reservoirs, irrigation and
pumping plants and public buildings. Pee.
eouaf clippings brom all papers in tua United
POTATOES—Per 100 lb».—Hew potato-*,
common, 40070; Early Rose, 75085; Bur
bank, 9001.00; sweet, 1.00.
LIVE STOCK—Per lb.: Beeves. 2%55;
hogs, 3%04; lambs, per head, 1.5002.00;
sheep, pel ckt.. 2.5002.75.
DRESSED MEATS—AII per lb.; Beef,
6%©5%; veal, 607%; mutton, 5%; lamb, 7;
pork, 5%.
2.00; Lima, 3.00; Lady Washington,
2.00; small white, 2.00; green field
peas, 2.250 2.50; black-eyed beans, 10.0;
garvancos, 1.7502.00; lentils. Imported, 6.60
017.00: lentils, California, 8.0003.50.
HIDES—Dry (as they run). IS; do kip,
11; do calf, 15%: bulls, 7: salt steer, [email protected];
do stags and bulls, 8; cows, 4%®5%; abeep
skin, 205.
NUTS—Walnuts, Los Angeles, 606; me
dium soft. 6%©7%; softshell. Los Nietoa,
fancy, 9010: almonds, softshell. 9010; pa
per shell, 110)2%; hardshell, 709: pecans,
[email protected]: filberts, 11; Brazils, 10; plnons, 9010.
DRIED FRUITS—Apples, sun-dried,
iks.. per lb., 3%@4; boxes, [email protected]%: evapo
rated, fancy, 707%; apricots, fancy, 8;
choice, 7; peaches, fancy, unpeeled, 7%:
tui pears, fancy, evaporated, 709; plums,
pitted, choice, 708; prunes, choice, boxed,
7%: sackß, 6; dates, 6%07; figs, California
white, per lb., 4©5; California black, per
lb., 4©4%;Californla fancy, per lb., 8086; im
ported Smyrna. 12%@15.
CURED MEATS—Picnic hams, 7%; No. 2
hams, 9%; Rex, 10%: Roulette hams, —;
special fancy breakfast bacon. 11%:
special fancy breakfast bacon, . 12;
special breakfast bacon, 11%: Rex bacon,
10%; Rex boneless hams, sugar cured, 9;
Rex boneless butts, 8; Rex dried beef,
sets, —; Rex dried beef, insldes, 15: Rex
dried beef, outsides, —; smoked tongues,
16; Diamond C breakfast bacon, backs,
per lb., 8%: bacon bellies. —; light medi
um bacon, 9%; medium bacon, B%;dry short
clear bellies, 16020; avg., —; dry salt
clears. 36040; avg., 8%; salt clear backs,
7%; Rex pure leaf lard, tierces, 7; ivory,
tierces, 5%: cottolene, tierces, 6%; Rexo
lene, tierces, 6%; special kettle rendered
lard. 7.
TALLOW—Per lb., 162%.
JAS. H. SHANKLAND Vice-President
M. S. HELLMAN Vice-President
O. F. BRANT Manager
O. P. CLARK Secretary and Treasurer
ii COrA^A/iY.
Capital Paid Up, $400,000.00
A Policy of Title Insurance furnishes the best
evidence of title that can be obtained
Cor, Franklin and New High Sts.,
Telephone, Main 848. Los Angeles, Cal.
Under Ramonn Hotel, cornel)
Spring and Third street -.
The Favorite Resort
.The menu contains the choicest the market
affords. The cooking is of the best. The
service prompt and courteous and prices
moderate 4
LEWIS EBINGER, Proprietor.
1 J. ft. FftIRCHJLD I
Asphalt - Work
Room 31 Bryson Block,
Los Angeles, Cal.
I use only Aleatrai Asphalt, the high
est grade and purest Asphaltum on tlie
» market. Guaranteed free from coal tar X
$ and petroleum residuum.
A Plumber in need
Is a Plumber indeed
Is the man you want to figure tor you on the,
Plumbing of your buildings, new or old.
His headquarters are at
S. Broadway
and you are Invited to call him up through
Telephone Red 804.
Hotel ißamoina
Corner Third and Spring sts., Los Ahgeles, Cat
European Plan
c -I a
Centrally Located
Now Sanitary Plumbing throughout and
Improved System Electrlo Call Bells.
F. B. MALLORY. Prop**
Rol. King's liquor*
TeL Red 1751 JO7 S. Spring St,

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