The herald. [microfilm reel], February 27, 1898, Page 23, Image 23

About The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900

Image provided by: University of California, Riverside; Riverside, CA

                
THE INVESTOR
OFFICE OF.THE HERALD,
! Los Angeles. Feb. 211, ISOX.
"What wo gain by experience Is not
Worth what we lose in illusion."
Circumstance!) sometimes come to light
which reveal a certain inconsistency in the
working out of plans, the prospectuses nnd
advertisements of which abound In self
laudatory tributes to the value of savings
placed with "our" association. Many an
Investor has doubt dreamed of what ho
would have whfO his ".(tie savings would,
like the acorn, lo a large oak grow. "Fig-
Ures don't He." Is perhaps a true saying,
but sometimes how queer those figures in
reality look, when Instead of a few num
erals denoting something, they '.urn out
to be a aeries of ciphers.
A complaint was recently filed by a local
building and loan association to foreclose
a mortgage given by one or Its borrowers.
Tho prospectus of this association and Its
printed treatise on "A judicious Invest
ment," with Illustrations of how the plan
Icoked In figures affords a sharp contrast
to the actual state of affairs as revealed
In the complaint referred to.
In the brochure of "How to Get Rich."
Is a table showing how an individual might
borrow a sum of money and by paying a
•ertaln amount monthly, would, with ac
cumulated prolits. he able to pay off his
. loan after a period of seven years.
Tills little fairy story of the benefits of
"Havings," "Accumulated Profits." "Pre
miums," etc., reads ns If the plan set Torth
were soma great philanthropic scheme de -
vised for the welfare, of Ihe borrower. The
prospectus gives the following Illustration
of how a borrower can pay for his home In
seven years and what it will cost him.
Loan of $1000.00
Ten shares, cost per month 6.00
Interest, (I per cent on . 1000 loan, per
month 5.00
Premium dividends on $1000 loan,
per month 5.00
Total cost per mnoth on loan of
11000 1(1.00
On a seven years' estimate the bor
rower would pay JMI per month for
eighty-four months, which would
amount to 1.311.00
Less amount loaned 1,000.00
Cost of a loan of $1000 for seven
years $ 311.00
The party In the complaint referred to
borrowed the sum of $1250 over four .years
ago. during which time he has paid to the
association over $720. The complaint states
the whole value of his shares to he above
$200. and prays for judgment for above
$1050. Offsetting the table above given, the
actual transaction as stated would appear
as follows:
Loan of $1,250
Total paid Into association In over 48
months 720
Amount due association 1,060
Leaving n total of Sl.Tin
which he would have to pay Into the asso
ciation If he complied with the demand of
the complaint.
At this same ratio In elttht years, one
year longer than the association's pros
pectus allows for a liquidation, this bor
rower would hove n result something like
this to ponder over:
Amount borrowed $1,260
Paid to association In eight years 1,440
Amount then due association 850
Cost or $1250 loon S'!.2:m
after 8 years of payments,
He would then have paid In eight years
to the association $200 more than he bor
rowed and would still owe- 1860,
The figures stated at" the round figures
mentioned In the complaint, and s careful
perusal of the above will show an appalling
set of results.
o o o
The report of the condition of the First
National hank of this city, which will he
found In another column, gives figures at
the close of business on the ISth Inst. The
report shows resources amounting to $2.
--769,110.93; deposits. $1,878,982.67: loans and
discounts, $1.4:15.420.75. and a surplus as to
depositors of $068,094.80. The bank Is in a
prosperous condition, each succeeding
statement showing a gain that reflects
'credit on its management, and attests the
CKVOrablfl increase In business conditions
locally, i
o o o
While a possibility of an alliance with
Japan is being discussed, and the competi
tion of that country and other Industrial
nations iv Europe and elsewhere are un
der consideration, it is Interesting to learn
that British trade is not yet much hurt,
suys the Iron and Coal Trades Review.
There Is, however, one notable exception.
Japanese coal, tho exports of which have
risen In value from under $2.a00,0ii0 In [886
to over $6,500,000 In 1890, is sold to he driv
ing Kngllsh coal, except for special pur
poses, out of every market east of Singa
pore, and may be found even as far west
as Calcutta. The opening up of Japan, the
growth of her native industries, the de
velopment of her commercial activity,
have introduced to us a competitor whose
energy and enterprise seriously, no doubt,
threaten certain branches of our trade and
industry. The entire foreign trade of Japan
has Increased three-and-a-half-fold in
about ten yours, and of this Increase Im
ports from foreign countries have risen
from $28,1)00,000 to $120,1100,00(1, or close on
four-and-a-half-fold. During the same pe
riod British shipping entered and cleared
from the ports of Japan has Increased from
under 1,500,000 tons to 11,000,000 tons. The
British empire now tnkes more than 40 per
cent of the Japanese foreign trade, or. In
other words, the trade between Japan and
the British empire alone Is today nearly
half as much again ns was the entire trade
between Japan and all foreign countries
ten years ago.
National Bank Changes
The latest bulletin of the comptroller of
the currency, dated Feb. 21. 1898, gives the
following among other changes:
Application to Organize National Hanks
Approved.—The Shawnee National bank.
Shawnee, Oklahoma territory; capital, $50 -
000; W. S. Search, C. J. Benson, J. C. Fish
er, et al.
The Colonial National bank of Cleveland,
Ohio; $500,000; S. Parks, J. F. Rust, J. F.
Harper, et al.
Application to Convert to Nntlonnl Rank
Approved.—The Hank of Klngwood, West
Virginia, to The Citizens' National Bank
of Kingwood: capital. $75,000.
Voluntary Liquidation*.—The American
Exchange National bank of Chicago, 111.,
totake effect February 11, 1808.
The Citizens' National bank of Con
cordia, Kansus, to take effect February 1
The First National bank of Grand Junc
tion, Col., October 30, 1897.
Real Estate Transfers
, . SATURDAY, February 20.
Z. J. Jargstorff to J. H. Dunn—Part lot
16, Loop & Meserve tract; $1000.
, f- B- Emmert to A. B. Alexander-Part
lot 21, Rancho La Canada; $3000.
M. E. Graham to J. Johnston—Undivided
i 4™ est ln pnrt lot »' u '°ck 34, Pomona;
$1000.
J. B. Phillips to J. Bell-Lots 3 and 4. M.
H. Gregg tract; $2500.
A. B. Drake to E. F. Gates-Agreement
to convey lot 6, block 31, Electricßailway
Homestead Association tract- MB??
J. H. Whltworth et ah to H. E. Reed—
Beginning ln south line Pico street; $4000.
_ . SUMMARY
Deeds .
Nominal 5;
Total considerations 906
Mortgages, 81000 and Over
A. Dorn to Columbia Say. Bk—Lot 4
Johnson & Koenoy Co's sub. Wolf
skill Orchard trt, 2 yrs, 11 per cent.. $1,000
J. L. Patterson to A. V. R. Scheerer-
Orchard-Part lot 54, Judson trt 3
yrs, 9 per cent o om
M. S. Reed et al. to E. B. Reed-Lot
37, blk A, Dunkelbergor trt 2 vrs
10% per cent • ' ,Rm
Eighteen mortgages under $1000 ... s'soo
'• fot£Vl ■ 813,360
Releases, SIOOO and Over
A. H. Tufts to A. E. and W. M. Hath
away, 431-294 m
Columbia L. & B. Ass'n to a. Sot
nleft. 487-29 ".cot
A. L. Sweet to W. H. Keller, 568-98.'.'. 2500
E. Carter to E. A. Carter, 435-300 .... 4 280
Farmers and Merchants' Bk of L, A
to H. G. Peets, 515-128 .' s 000
E. Lensberg to C. Humphreys, 405-i! 2,100
CONDUCTED BY GEO. A. DOBINSON
L. M. Conrey to AY. J. Richardson,
5311-43 1,000
Main St. Suv. Hk to S. Hurkness, 345
--111 4.500
Thirteen releases undersloUo 4.5:11
Total $110,20!
ON 'CHANGE
Conditions Shown by the Dealings on
Wall Street
NEW TORK, Feb. 2(l.—The market was
listless and without decided tone today.
The net changes were trivial In most
cases and tin: market moved up and down
within a narrow range. London buying
gave a slight upward impetus at the open
ing and then prolit-taking by yesterday's
buyers drove prices below last night's
close. The close was above the lowest, but
net changes were much mixed.
The bank statement was without partic
ular effect, as the conditions disclosed had
made themselves felt during the week.
The heavy decrease in loam; indicates liqui
dation On the stock exchange, but probably
doe« not fully measure it. as tile loans
which have been called have been In part
replaced In time loans and commercial pa
lter.
Prices of standard Stocks are 1 to 6
points lower than a week ago. Declines
in the Speculative bond Issues are 1 to .1
per cent; government bonds arc lVi to
per cent lower; call money rates have
risen from Hi to .'I percent, and exchange
has fallen to Ihe gold Import point, with
$2,200,000 engaged for shipment or in pas-
Sage. This, in brief, represents (he
Changes in the financial situation from last
Saturday.
Competent expert authorities differ as
to whether the movement of moncv to the
Interior Is to be attributed to the prepara
tion for the regular spring settlement, and
Is thus to meet regular business demands,
or whether It Is a cautious safeguarding
by Interior banks against a possible need
growing out of political complications over
Cuba. The London market has persisted
in buying American securities In face of
the violent decline In prices. Even the
gold movement to New York, estimated all
the way from 140,000,000 to $50,000,000, has
not put a slop to London buying of Amer
ican securities, a result which usually fol
lows almost Immediately. Large capital
ists and corporate interests on the lookout
for bargains are credited with having ab
sorbed large lines of stocks in New York
as well as in London, at the low prices
reached.
As for the sharp falling of bonds, a rise
in the money rate Is naturally coincident
with a full ln governments.
Money in Bank
NBW YORK. Feb. 21.-The weekly bank
statement shows the following Chang**;
Loans, decrease $2,729 125
Specie, increase tjm'jm
l.egul tenders, decrease 7,418,400
Deposits, decrease 0 348 300
Circulation, decrease ' 50,400
T he hunks now hold $22,969 326 In excess
of the requirements or the 25 per cent rule.
Ihe Financier says: The statement ol
the Associated banks of New York for the
city for the week ending February 20 Is
not as disappointing In Its showing its bus
been anticipated. The events of the week
made it plain that heavy decreases were
Inevitable, and yet, as a result of all the
changes, tire banks have reduced'their sur
plus cash only $2,720,125. an amount hardly
as large as current engagements of gold
from Europe. The actual loss In specie
ana legal tenders was $7.IIS,Kin. but thK
was partially offset by .an Increase of $2 -
~53,700 in specie, malting the net loss for
the v.-. ek KM.tQO. The sped,, apparently
wont into half a dozen of the larger banks
It is interesting to note that of the entire
cash reserv,, „ f v ,„ N ,, w Yorl{ bankg
least 85 per cent is held j n the form of
specie, Jhc loss in cash was brought
about by the heavy shipments t „ the In
terior and payments info the treasury, but
the full extent of the former Is not shown
hi the statement. While the larger part
New V m .b n f. y E°X, be J n ? withdrawn from
New York Is doubtless in response to mc
c eased demands due t„ better trade con
d lons sorpe of If reflects the unsettled
stale of excitement prevailing as regards
tie future. Bui the New York hanksl gen
ance at this season „f the year In 189?
between the hitter part of February and
off" m'VL) 10 f i 6^e J?« vefe
off $11,000 000. The loss during Februrv
h.s year has been $18,760,000. Tne reserve
however, is now about one-half what It
was twelve months ago, so that th '
affecta the market rather more acutely!
Still, the sensitiveness of the situation ,n,i
.v oaianceh are well shown In the f ict tint
even the slight Inciwsesln rates last week
have started gold Imports' A continued
for" 1 For The""' ° n lX^MbhXe*.
dlcatlng that money is going ia he e5-
KJ_.i. stUflv of the past week's oners,
lions illustrates perfectly the direction fn
which relief can be looked for. In other
words our money loaned abroad can be
made instantly available
Silver Bullion
NEW YORK, Feb. 26.-Bitr silver, 55U'
Mexican dollars. 454 w
.-f, AN J' R^ NC K a( ' 0 - F(,| >- iM-Bar silver.
4oV' £ c; Mexican dollars, JSfttjjXflo,
Prices and Prospects of tho Trade in
Cereals
CHICAGO, Feb. 26.—For a few moments
after the start wheat, compared with the
weakness it developed Inter, was fairly
steady. July started %c lower to % higher,
at from K9% to 89% c. and May %c lower,
at 1.011. Loiter s brokers appeared to have
some supporting orders in July nt the
start, and for this reason that month
showed steadiness when May weakened
badly. Trading ln May was very light.
There were a good many more selling
orders than the limited demand could take
care of, the result being a decline to 1.0114.
Liverpool was from VJd to %d. lower and
crop reports from California and India,
especially from the latter country were
very favorable. The weakness which de
veloped In May soon was retlected ln July
There was a good deal of selling out by peo
ple who had been "tailing" on the Letter
campaign and who had become discour
aged by the recent downward turn to the
market, and prices. In spite of the Letter
support, declined steadily. At around 88%0
for July, the market hesitated for a time.
A period of dullness and narrow fluctua
tions set in, bdt about half un hour from
the close developed fresh weakness under
renewed selling of longs. July getting down
to 88% and May, which had rallied to 1.02
declining to 1.01V4. Shortly before the close
Letter s brokers again gave the market
some support, this time In May, the buy
ing of a line of about 100.000 bushels being
sufficient to cause a rally In that option
to I.OBH, which was the closing price. July
closed at BSVi«BB%. 1
Corn was well held, despite the weakness
of wheat. May closed %c lower
Oats were steady. May closed %c lower
A large trade was done in provisions'
Selling was mostly by commission houses
At the close, May pork was 15c lower- May
lard, 2%c lower, and May ribs, 5c lower.
SAN FRANCISCO MARKET
Call Board Dealings and Prices of
Produce
SAN FRANCISCO, Feb. 26.—Wheat-
Steady; May, 1.39%; December, 1.29,4.
Barley—May, 98%: December, 87c.
Corn—Large yellow, 1.0501.07%.
Bran—l7.ooolß.oo per ton.
Flour—Family extras, 4.5504.65; bakers'
extras, 4.3054.40.
Wheat—Shipping wheat, 1.40*1.41% for
No. 1, and 1.42% for choice; milling, 1.45©
1.47%.
Barley—Feed, good to choice. 1.0001.03%;
fancy, 1.0501.07%; brewing, 1.10©1.17%.
Oats—Poor to fair. 1.12%01.15; good to
choice, 1.17%01.22%: fancy feed. 1.22%01.25
per cental: gray, 1.16(81.17%: milling, 1.20*
1.25; surprise, 1.25(81.35; black for seed,
1.3501.50; red. 1.35(13)1.46.
Hay—Wheat, 16.00019.00; wheat and oat,
1G.OO01S.OO; best barley, 13.50©16.00; alfalfa,
10.50fiU.50; clover, ll.0CWrl3.OO; stock. tt.«HB
12.00.
, Mlllstuffs—Middlings, 22.00026.00 per ton;
bran, 18.00©19.00.
Dry Beans—Pink, 2.6002.75; Lima. 2.15®
2.25; small white, 1.6001.65; large white,
1.50(1/1.65.
Potatoes—Early Rose, 60#70c per cental;
CHICAGO MARKET
LOS ANGELES HERALD i SUNDAY MORNING, FEBRUARY 27, JB9B
A SEPARATE CURE
FOR EACH DISEASE.
Sense as well as Science in
Munyon's Improved System.
Prof. Mun-
yon's dlscovcr-
lea, which are
||S . perlment, es
-1? < s "B ,J «»ir tabllshed the
J Ctf/ there
Separate spe-
cUic for each
'yßßjjk disease. the
I \wL\ vaneu i v modern
Nsn™ uro in the in
\ /? \ iX/iTpH tclllgent treat-
V'l \ 4W*WMn\ ment of dis-
ease Is Impos-
a scpa r a to
fir vi and all drug
11l \a ; Sf.W/W gists sell them.
]■ «c\\ VHV Mostly i!» cents
I y N . •• Jfflf doubt. Profes
/ V & WmffH sor Munyon In-
I WlYilA v ' te,) you to
' Rill//1 write to him,
I v ■11/' 1 at 1,006 Arch
I In 'll IThV P f" a r
I free 'medical
advice.
Mrs. T. B. Dannels, 242\i S. Main
Street, Ix>B Angelea, Cal., says: " I had
rheumatism so badly that I thought I
hould not live. My hands were so swol
len that I was perfectly helpless. In
bad weather my pains were terrible, and
I was suffering very much, when my son
brought me a bottle of Munyon's Rheu
matism Cure, and, although I have
taken tho medicine only a short time,
1 can move my fingers, and do not feel
the pain. My sister-in-law at Pasadena
writes me she had the same success with
Munyon's Cough Cure, so 1 feel quite
confident that Munyon's Remedies are
all that It claimed tor them."
River Burbanks, 50060 c; River Reds,
50c;. Salinas Burbanks. tSoOlLlO; Oregon
Burbanks. O.'.tf/OOo; Merced sweets. 7."/aßsc.
Vegetables—Onions, 2.50412.75 per cental:
hothouse cucumbers, SOc'fil.OO; garlic, 314 V
lc; green peas. l/u7c: string beans. 85/15 c
per lb.; asparagus, 10525 c; egg plantj leffi
20c; green peppers, 25c; mushrooms. 105i150.
Citrus Fruits—Navel oranges, 1.251f2.75
Mexican limes, repack. fi.OtM/6.50; com
mon California lemons. 75c5|.1.25; choice
California lemons. t.5002.00,
Butter—Fancy creamery, 23' to per lb.;
do. seconds. 22#23c; fancy dairy, 20@21e;
(tit. seconds. IS./ I9e.
Eggs-Store, lir</12e per dozen; fancy
ranch. 125/13e.
Poultry—Turkey gobblers, 10f$llc per lb.:
old roosters.3.sos/4.00 per doz.; young roost
ers. 5.80t56.00; small broilers, 4.005/4.60;
large broilers, 5.505/0.0O; fryers. 5.005/0.00;
liens, 8.50#4.50; old ducks, 4.005/5.00; geese.
1.255/ 1.50 per pair; old pigeons, 1.00; young
pigeons, 1.50(1/2.50. f
Dried Fruit Prices
NEW YORK, Fib. 20.—California dried
friuts steady; especially firm in evaporated
apples,
Evaporated apples—Common, aWt%c per
pound; prime wire tray, B%c; wood dried,
prime. si 2 e; choice, B»4@9c; fancy, DVWJdOc.
Prunes—3 5/ Sc.
Apricots—Royal, s®7Hc; Moorpark, 90)11.
Peaches—Unpeeled, 55jt>c; peeled, 12@2Dc.
Kansass City Live Stock
KANSAS CITY. Mo. Feb. 2C—Cattle-
Receipts. 300: market unchanged from yes
terday; only retail trade.
Sheep—Receipts. 10,000; market firm;
lambs, 8.0004.60; muttons. 2.7604.25.
Petroleum
OIL CITY, Pa., Feb. 26.—Credit balances,
76c; certificates closed sales at 93c; total
sales. 40,000; runs, 108,398; shipments, 69,505
barrels.
Local Quotations
BUTTER—Extra local 32-ounce squares,
firm at 5543 57%0: fancy creamery, northorn,
,'l2-oz. squares, 304j52%c: dairy, 32-oz., 450
IT'.ic: dairy, 32-oz., 40042% c; fancy tub, per
lb., 22@23c; process, 184)19.
EGGS—Choice to fancy ranch. 11012 c.
CHEBSB—Martin's New York Cheddars,
per lb., 14c; eastern, full cream, per lb.,
13013% c: California half cream, per lb.,—|
coast full cream, per lb., 11c; California,
Downey or Anchor, per lb., 12% c: do.Young
America. |)er lb., 13%; do. 3-lb. hand, per lb.,
li' 4; domestic Swiss, per lb., 16%: Imported
Swiss. 221)2:1; Edam, fancy, per d 0... 8.60.
POULTRY—Per dozen: Hens, 4.0004.75;
young roosters, 5.00*15.50; old roosters. 4.00
'14.50; broilers. 3.5004.50; fryers, 4.23W4.50;
ducks, 4.504)i;.00; turkeys, alive, per lb.,
lift He: dressed, 15016 c; geese, apiece, 1.00
01.50; young stock scarce.
GAME—Per dozen: Ducks, widgeon,
1.254)1.50: teal. 1.254)1.50; sprig, 2.005*2.50;
mallard, 4.0006,00; canvas bucks, 5.00(1*6.00:
plover, 75o©1.00; cottontail rabbits, 1.000
1.25.
VEGETABLES—Beets, per 100 lbs., 90c;
cabbage, per 100 lbs., 75c; red cabbage, per
do/.., 1.0001.26; carrots, per 100 lbs., Ssc;
biles, dry. per string, 65©75 c: Mexican,
per lb.. 104111 c; green, per lb., 17%020e: gar
'if. 3%(f/4c: onions. 3.1503.25; do. green, per
doz., 40c; green peas. 6Caßc; turnips, 86c:
Hubbard squash, per 100 lbs.. 85c; parsnips,
iOeWl.00; leeks, per doz., 20c: parsley, 35c;
radishes. 20o; cauliflower, 50060 c; spinach,
20c; celery. 45050 c; tomatoes, per box, 1.15
vi 1.25; sprouts, perlb..B%c.
POTATOES—Per 100 lbs.: Common. OOfft
05c; Early Rose, seed, 1.00431.20; Burbank,
1.0001.30; sweet, 1.0001.25.
GREEN FRUITS—Fancy apples. 1.2547!
1.50 per box; choice. 1.007)1.25; poorer
grades. 50075 c; bananas, per bunch. 1.5047
.'.OO, crates exera; pineapples, per doz., 5.00
Winter Nellis pears, box, 1.5001.75;
rocoanuts. 9Oc01.OO; guavas. per box, 507 c
CITRUS FRUITS— Oranges: Extra fancy
Redlands navels, 2.60; fancy, 2.00: choice,
1.50; extra fancy Redlands seedlings, 1.30;
fancy, 1.25; choice. 1.00. Lemons: Cured,
fancy. 1.5001.75; choice, 1.00; green lem
ins, 75c. Grape fruit, per doz., 75c®1.25;
Tangerine oranges, 1.75M2.00.
RAISINS—Fancy clusters, 20-lb, boxes,
2.00; 4-crown LL clusters, 1.75; 3-crown LL.
ner box, 1.40; 2-crown, loose, in sacks, per
lb., lc; 3-crown. loose, ln sacks, per lb.,
3%05%c; 4-crown, per lb., 5%06c; Sultana
seedless, per lb.. S%c; in boxes %c higher.
DRIED FRUITS-Apples, sun dried,
sacks, per lb., 6c; boxes, —; evaporated,
fancy, SfaDe; apricots, fancy, 8c; choice, 7©
7%c; peaches, fancy, unpeeled, 7%c; pears,
fancy evaporaed, 8010 c; plums, pitted,
choice. 9(fi'loc; prunes.choice, boxed, 7%09c
sk.. 4©6 c; dates. O0O%c; silver prunes,
choice, sack. 7%08c; boxes. 9010 c; flgs, Cal
ifornia white, per lb., 506 c: California
black, per lb., 54r5%c: California fancy, per
lb., 7%08c; Imported Smyrna, 12%©15 c.
BEANS AND DRIED PEAS—Pink, 3.15©
3.25; Lima. 2.0002.25; Lidy Washington, 2.00
ifi2.ls; small white. 2.1502.35; green field
pens. 2.50©2.75: black-eyed beans, 2.00; gar
vancos, 3.50©3.75; lentils,. Imported, 7.000
8.00; lentils, California, 3.50(8)4.00.
NUTS—Walnuts, Los Angeles, 6©7 c; me
dium soft, 7©Sc: softshell, Los Nietos,
fancy, 8c; almonds, soft shell, 10@llc; pa
per shell, 11012 c; hard shell. 8010 c; pecans,
10012 c; filberts, ll%012c; Brazils, 10011 c;
plnons, ll@12c: peanuts, eastern, raw, C%
07c; roasted, B@B%c; California, raw, 405 c;
roasted, 6%07c.
MILLSTUFFS—FIour, local mills, 4.80
per bbl.; Stockton brands, 5.00; 0reg0n,4.85;
eastern, 6.7606.60; shorts, ton. local, 26.00;
rolled barley, per 100 lbs., 1.05; cracked
corn, per 100 lbs., 1.10; feed meals, per 100
lbs., 1.15; bran, per ton, 24.00; graham, per
100 lbs., 2.30.
HAY—Wheat, per ton, 14.00015.00; barley,
13.00©15.00; oat. 15.00016.00; alfalfa, baled,
12.00014.00; loose, —; straw, 3.60®4.00.
HONEY AND BEESWAX—Honey ln
comb, 8010 c per lb.; strained, 4®sc; bees
wax, 20@250 per lb.
GRAlN—Wheat, No. 1, 1.50; No. 2. 1.50;
corn, small yellow. 1.05; large yellow, 1.00;
barley, common, 1.00.
DRESSED MEATS—AII per lb.: Beef
No. 1, 6%e; No. 2, 6%c: hind quarters, No.
1. B%c; hind quarters No. 2, 8c; ribs of beef,
9c; veal, 7@Bc; mutton. 7%c; lamb, 8c; pork
loins, B%c; legs of pork, B%e; pork spare
ribs. 6c; pork tenderloins, 16c.
CURED MEATS—Rex hams, 10c; pic
nic hams, 5%c; No. 2. B%c: select mild cure,
B%c; special fancy breakfast, 12c; special
breakfast bacon, ll%e; Rex bacon, 10c;
Rex boneless hams, sugar cured, 9c; Rex
boneless butts, —; summer sausage. 13c;
Rex dried beef, lnstdes, 15c; Rex dried out
sldes, —; smoked tongues, 15c; Diamond
C breakfast bacon, backs, per lb., 9c; bacon
hollies, »%c; light medium bacon,
medium bacon, «4c; dry salt (dear bellies,
16-26 ay., BV4c; dry salt clears, 35*40 avg.,
74ic; salt clear backs, 7c.
LAHD—Rex pure leaf, tierces, lc; pure
leaf. He; ivory, tierces, 6%c; cottolene,
tierces, 6V4c; Rexolene, tierces, 5% ■; spe
cial kettle rendered lard. 71ic: Orange
brand, 50s. 6«4c; 10s, 7(4c; ss, 3s, 7%c.
TALLOW—Per lb., IBittc.
WOOL—Nominal.
LI VESTOCK—Per lb.: Beeves. t%ffX%;
hogs, (HlMttCi lambs, per head, 2,(«W/2.50
sheep, per cwt., 2.50'ii3.76: calves, per lb.,
iWefc.
HIDES—Dry (as they run). IBe; do. kip.
12c; do. calf. lß'ic bulls. 7c; salt steer. s<u
6c; do. slags and bulls, 3c; cows, 4 l ,< ! '?(S'/fec;
sheep skins, 2'ooc.
PIN HOLES IN THE CHECKS
Only One of the Cashier's Precautions
That Was Overlooked
In the course of a lecture delivered re
cently on chemical tests used in discov
ering by the ink the age of documents,
and whether there have been interpola
tions, Prof. C. A. Doremus to.d of a cu
rious discovery in the case of a raised
cheek, made by his father, who is an
expert in chemistry and in documents.
The interests involved in this ease were
very large, and It was not practicable
that the original check should be tam
pered with or chemically treated. For
purposes of testimony an enlarged pho
tograph of the check was taken by Dr.
Doremus, who was first called ns an ex
pert in the case. The first trial resulted
in no decision, and on the second trial
what purported to be the original check
was produced. It was handed to the
cashier of the bank for identification.
He examined it and said:
"This Is not the original check."
"How do you know that?" demanded
the amazed lawyer.
"Hecause In the heading of the original
check I pricked a hole in the center of
each of the 'os with a pin," was the re
ply. "This check has not those hides."
In all other respects the check seemed
to be Identical. The court called for Dr.
Doremus' photograph to be produced.
It plainly showed the pin holes. Upon
this the lawyer for the defense threw
up his case, and the guilty substitutor
of the false check fled the country.—New
York Sun.
The Prince of Wales' Dinner Table
Good taste reigns over all the arrange
ments. Thus, the table cloths are severe
ly plain, though of the finest quality,
and simply worked with the royal arms
—the rose, the thistle and the shamrock
—while the table napkins are invariably
folded Into a small square to hold the
bread, and never ln the fancy shapes in
vugue elsewhere. To each guest two
forks, and no more, are provided, and
these are placed prongs downward. In
addition there are one large tablespoon
and one large knife, for in no circum
stances arc two knives together given to
any guest. A great many reasons have
been assigned for this rule, but appar
ently has summoned up the courage to
ask their royal host and hostess. It has
been asserted that his royal highness
has the old-fashioned dislike to seeing
knives inadvertently crossed. Several
small water bottles are used, but the
princess holds to the Hanoverian habit
of never having finger bowls. At Marl
borough house dinner begins at 8:45, and
is never allowed to last much over an
hour. Occasionally during dinner soft
music Is played. The menu is always
served a la Russe—that is to say, nothing
Is carved In the dining room. — "Our
Prince at Home."
Novelist With Four Million Readers
The most popular novelists are those
vtlio are least knuwn ttTliterary'people.
Who has heard of Emma Jane Warboiße,
or of the late Mr. Smith of Family Her
ald fame? And among French novelists
Zola and Daudet and Ohnet we know,
but very few have heard of Rlchebourg,
whose death was announced yesterday.
Yet liichebourg—"the king of feuilleton-
ists," as he was called—had probably
more readers than any novelist alive or
dead, and made as much money by one
novel as any other novelist by two. He
wrote exclusively for the Petit Journal.
He had, it was calculated 4,000,000 read
ers for every story he wrote, and he used
to receive £4000 for the serial rights
alone.—London Daily News.
Thackeray says: "A good woman is the
loveliest flower that blooms under heaven;
and we look with love and wonder upon Its
silent grace, its pure fragrance, its diJloate
bloom of beauty. Sweet and beautiful! the
fairest and most spotless!"
1 STEINWAY PIANOS |
|j Sole Agency f
| Bartlett's Music House §
Everything In Music g
1 233 S. Spring St. Established 18T'> §
®t?j!?l ISISSIGISIiw
NO. 2491.
REPORT OF THE CONDITION OF THE
First National Bank of Los Angeles
At Los Angeles, in the State of California,
at the close of business, Feb'y 18, 1898.
RESOURCES
Loans nnd discounts $1,435,420.75
Overdrafts, secured and unse
cured iA's2'iK
VS. bonds to secure circulation. 50,000.00
IT.' s. bonds on hand 1.000.00
Premium on U. S. bonds UO.OO
Stocks, securities, etc 210.bb2.42
Hanking house, furniture and
fixtures 55,000.00
Other real estate and mortgages
owned 88,125.81
Due from national banks (not re
serve agents) 66,101.33
Due from state banks and bank
ers 92,408.99
Due from approved reserve
ugents 285,231.55
Checks and other cash items ... 3.500.77
'Exchanges for clearinghouse... 13,782.08
Notes of other national banks.. 13,367.00
Fractional paper currency, nick
els and cents 496.35
Lawful money reserve in bank,
Specie $416,149
Legal tender notes 20,185
b 436,334.00
Redemption fund with U. S.
treasurer (5 per cent of circula
tion 2,250.00
Total $2,769,119.93
LIABILITIES
Capital stock paid in $ 400.000.00
Surplus fund 80,000.00
Undivided profits, less expenses
and taxes paid 188.094.80
National bank notes outstanding 38.050.<J>
Due to other national banks 27,655. ,8
Due to state banks and bankers. 85,632.46
Dividends unpaid • 270.00
Individual deposits subject to
check 1,878,982.57
Demand certificates of deposit.. 67,936.37
Certified checks 4,288.07
Cashier's checks outstanding — 8,209.88
Total $2,769,119.93
State of California, county of Los An
geles.—ss.
I, Frank A. Gibson, cashier of the above
named bank, do solemnly swear that the
nbove statement Is true to the best of my
knowledge and belief.
FRANK A. GIBSON. Cashier.
Subscribed and sworn to before me this
26th day of February. 1898.
G. G. JOHNSON, Notary Public.
Correct—Attest:
W. C. PATTERSON,
WM. O. KERCKHOFF,
F. Q. STORT,
Directors.
|t#2j. Dr. Meyers & Co. |
I Diseases antl Weakness of Men j
*ss Sixteen Years Successful Practice *
,1 REMEDIES, APPLIANCES and METHODS superior to all others. S|
I & ' lt( |
1 J Consultation and Advice free at office or by mail. Private book and question list sent free. *
1 Dr. Meyers & Co. 2,8 I
Painless Extraction - 50c
No. 1.-Adlietavs Plait*.
Ho. 8 -Bridgo Work.
No. B.—Oold sod Porcelain Crowna.
No. 4.-Antl«»pllc Method nf Cleani'ita
Teem A now Brush nand with oteh Par
Ural.
Absolutely Painless Filling
Dr. C. Stevens
107 N. Spring St.
Scbumaker Block Rooms 18-19
Open Sundays from a to 12 a m.
ga HIIII" ' 111 <mt*H lII 111 —lll—|
raise Beautiful Woid
TO THEIR LESS FORTUNATE SISTERS i
A SURE ROAD TO BEAUTY
: The Misses Bell, of No. 78 Fifth Avenue, New ;
York, now offer tho public generally the 1
Complexion Tonic which they have so long
used successfully in personal treatment.
THE MISSES BELL'S
complexion Tonic
has almost Immediate effect in clearing and .
brightening tho skin. It is nota cosmetic, as
It does not cover up the blemishes as powders
' and pastes do, but is a colorless liquid that, 1
when applied to the skin, does not show.
It cleanses the pores of the skin of all poison
: ous and foreign fillings and dissolves entirely ]
freckles, pimples, blackheads, moth patches,
excessive olliness or redness in the skin. Its
use la so simple that a child can follow direc
-1 tlond and get tho best result. The Misses I
Bell have placed the price of their wonderful
Complexion Tonlo at SI.CO per bottle, which
: is sufficient to clear the ordinary skin.
ORE BOTTLE COSTS YOU MOTH IMG
if the effect Is not exactly as claimed, so that
i! you take no risk in sending for it.
The price,sl.oo, places it within the reach
of all. It will absolutely clear a poor com
plexion nnd beautify a pood one. This gen- ;
; crous offer should be accepted by all.
Ladles can address The Misses Bell on all
matters of the complexion and hygiene inthc
| • strictest confidence, and satisfactory advice |
will be given promptly without charge. An
interesting pamphlet will be sent upon re
. ccipt of stamp.
Address all communications and send all
orders to Tho Misses 8011, or
. THE BELL, TOILET CO. ,
No. 78 Fifth Avenue, New York.
L-ni—wi in Mil II
West Giendale—— km,
Winery and Vineyards
CHAS. 11. PIHONI, Proprietor
No. 340 N. Main St., Baker block. Telephone
636. P. O. box 15, Station 0. High-grade Table
and Medicinal Wines. My specialty: Sacra
mental Wines. Pure Grape Brandies of my
own distillation.
Los Angeles
Bill POStlng CO. (Incorporated)
Bill Posters, Display
Sign Painters, Distributors
General Out Door Advertisers
Tel. Main 947 846 S. Main St,
1£& Crystal Palace i
... IS NOW OPEN ... 1
<; Meyberg Bros. 343-345 s. spring st. |
♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦
C 7 X MEINZEMAN V~
Druggist and Chemist
222 N. Main Street, Los Angeles
Prescriptions carefully oompo-«dad day or
ticks.
A PLUMBER IN NEED
IS A PLUMBER INDEED
Haverty
Is the man you want to figure lor you on
tho Plumbing of your buildings, new or old
His headquarters are at
4354 S. Broadway
and you are invited to call him up through
Telephone Red 804
WILLIAM 11. ALLEN JK .President
lAS. H SH aNKI.AND Vice President
M. S. lIELI.M AN Vice President
0. F BKANI' Manager
I*. I. CLAUK Bcoret»r)P and Treasurer
|ITLE INSIRANCE AND TRUST
COMPANY
Capital Paid Up, J>400,000.00
A Policy of Title Insurance lurnishes tho best
evidenci; ol title that run be obtained.
Cor. Franklin and New High Sts.,
(Vernon*?. Main Ml lO** AtfGKUSS. CAI.
Garland Stoves and Ranges
"The World's Best"
Michigan Stoves and Ranges
Always Dependable
Next In Quality to "Garlanda||
UUUltiut A.ND LAltU&»l' HANK IX SOUTH r .iC.N CALIFORNIA.
pABMEBS AND MERCHANTS' BANK OF LOS ANGELJ-S, CAL.
Capital paid up $500,000.00
Surplus and reserve $875,000.00
I. W. HELLMAN. President: H. W. HELLMAN. Vlce-Pres.; H. i. FLEISttMAK.
Cashier: G. HEIMANN. Assistant C.ishler. Directors —W. H. PERRY, O. W.
CHILDS. J. F. FRANCIS, C. E. THOM. T. W. HELLMAN, JR.. H. W. HF.LLMAN.
A. GLASSELL, T. L. DUQUE. I. W. HELLMAN.
Special Collection Department. Correspondence invited. Our Safety Deposit Da,
-■ artmnt offers to the public eafc.s for rent ln its new Fire and Burglar-Proof Vault.
; which Is the strongest. beßt guarded and best-ilghted ln this city.
THE NATIONAL BANK OF CALIFORNIA
At Los Angeles
Capital and Profits. 1270.000.00.
OFFICERS DIRECTORS
;S. C. HUBBELL J. M, C. MARBLE
S. C. HUBBELL President O. H.CHURCHILL, JOS. D. RADFORD,
O. 11. CHURCHILL..First Vice-President O. T. JOHNSON, CHAS. MONROE,
O. T. JOHNSON Second Vice-President, W. S. DE VAN. T. E. NEWLIN,
A. HADLEY Cashier N. W. STOWISLL, JOHN B. MARBLE
JOS. D. RADFORD Assistant Cashier FRED O. JOHNSON. H. M. LUTZ,
R. T. ROGERS Assistant Coshiori A. HADLEY.
|_0S ANGELES NATIONAL BANK
United States Depository
CAPITAL 1600,000.00 SURPLUS 160.000.00
Total f 1650,000.00
GEO. H. BONEBRAKE President WARREN GILLELEN... Vlo»-Fretlld«ni
F. C. HOWES Cashier E W. COE Assistant CashleC
DIRECTORS:
Geo. H. Bonebrak*. Warren Glllelen. P. M. Green, Chas. A. Marrtner, E. P. John
ion. 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.
SECURITY SAVINGS BANK,
Corner Main and Second Streets
OFFICERS: DIRECTORS:
11. W. Bellman, J. F. Sartorl.W. L. Graves,
J. F. SARTORI Preslden: H. 3. Fleishman. C. A. Shaw. F. O. John-
MAURICE S. HELLMAN..Vice President son, J. H. Shankland. J. A. Graves, M. U,
W. D. LONGYEAR Cashier [Fleming. M. S. Hellman. W. D Longyear.
interest paid on term and ordinary deposit*
Money loaned on first-class real estate
piRST NATIONAL BANK OF LOS ANGELES
CAPITAL STOCK 1100,000 Surplus and undivided profits 0ver..5250,001
J. M. ELLIOTT President W. G. KERCKHOFF Vlce-Presldtat
FRANK A. GIB6ON Cashier W. T. S. HAMMOND....Assistant Cashier
DIRECTORS:
J. M. Elliott. J. D. Blcknell. F. Q. Story, H. Jevne. J. D. Hooker. W. C. Patterson,
Wm. G. Kerckhoff.
No public funds or other preferred deposits received at this bank.
STATE LOAN AND TRUST COM? ANY OF LOS ANGELES
Capital 8500,000
OFFICERS:
W. J. WOOLLA.COTT President WARREN GILLELEN, Second Vlce-Prea
J. F. TOWELJ First Vice-President J. W. A. OFF Cashlet
M. B. LEWIS Assistant Cashier
A general banking business transacted. Interest paid on time deposits. Safe d*
posit boxes for rent.
MAIN STREET SAVINGS BANK
Capital paid up ... ..... 8100,000
Junction of Main and Spring and Tern pie sts., (Temple block). Los Angeles.
OFFICERS AND DIRECTORS—T. L Duque, President: I. N. Van Nuys. Vloa-
Prealdent; B. V. Duque. Cashier; H. W. Hellman, Kaspare Kohn. H. W. O'Melvenv,
J. B. Lankershim, O. T. Johnson. Abe Haas, W. G. Kerckhoff.
Money loaned on real estate. Interest paid on term and ordinary deposits.
DROADWAY BANK AND TRUST CO., Broadway and 3d St., Los Angeles.
AUTHORIZED CAPITAL $100,000
PAID UP CAPITAL 30,000
Officers—WAßßEN GILLELEN, President; GEO. H. BONEI3RAKE, Vice-Pres
ident; F. L. FORRESTER. Assistant Cas tiler; W. C. DURGIN, Secretary.
Directors—Geo. H. Bonebrake, Geo. I. Cochran, M. H. Flint, Chas. H. Howland,
J. R. Haugh, Warren Gillelenn.
LOS ANGELES SAVINGS BANK ,
230 North Main Street
I. E. Plater, President; H. W. Hellman, V ice-President; W. M. Caswell. Cashier.
Directors. I. W. Hellman, J. E. Plater, H. W. Hellman, L W. Hellman. Jr.. W.
M. Caswell.
Interest psld on deposits. Honey to Io an on first class real estate.
QERMAN -AMERICAN SAVINGS BANK
Paid up Capital a nd Profits, 8145,400.
COR. MAIN AND FIRST STS. Victor Po net. President; L. W. BHnn and C. N.
, Flint, Vice Presidents; M. N. Avery, Cash ler; P. F. Schumacher, Assistant Cashier.
Interest paid on deposits. Money lonaed on real estate.
SOUTHERN CALIFORNIA SAVINGS BANK
152 North Spring St. Interest Paid on Deposits
DIRECTORS-J. H. Braly. J. M. Elliott, H. Jevne, Frank A. Gibson. Simon Maler.
W. D. Woolwine. W. C. Patterson. Safe Deposit Boxes for Rent.
gOUTHERN CALIFORNIA GRAIN AND STOCK COMPANY
NEW TORK AND CHICAGO MARKETS.
&T£rVic. 212J S. Spring St. SSESK e ß . n _ 0 i c.u tol ,u,
Telephone Main 942. Los Angela" National Bank.
MARGIN ACCOUNTS SOLICITED. COMMISSIONS FAITHFULLY KX-OUTKU
Dally Heport Hailed upon application F. P. BUROH * CO.
Qlass & Long Blank Book Manufacturers
219-215 MEW HKJIj ST. Lo* Anaclaa _ UniWll"^
EBINGER'S
[TCAFE 7
Under Kamona Hotel, corner
Spring and Third Street*.
The Tavorite Resort BU^SSSjSS
The Menu contains the choicest the market
■fiords. The rooking is of the best. The
service prompt and courteoU3 and price*
moderate.
LEWIS EBINQER, Proprietor.
The Co.
Packers and Jobbers of—
"Rex" Hams and Breakfast
Bacon and Lard ....
Also dealers In Fresh Beel,
Pork and Mutton.
Tel. Main 988. Los Angeles, Cal.
! Rol. King's Liquors
! Bohemia
' j Tel. Red 1751 307 South Spring St.
J LOS ANOtLES, CM..
23