The herald. [microfilm reel], March 06, 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, March 6, 1898.
"The attainment of our greatest desires
I often the source of our greatest sor
ows."
Among other Investments, those made ln
the fine arts have been among the most re
munerative ln proportion to the sum ex
pended. The sale of the late Charles A.
Dana's ceramics Just concluded ln New
York Is a case tn point. Mr. Dana's hobby
Was the collection ot chlnaware and porce
lain and other curios, articles which he
(acquired at his leisure and accumulated
till he had one of the finest collections in
the country. The aggregate sum realized
at the auction of this result of a rich col
lector's Industry was $191,829.00. A well
known collector said that It had been one
of the most successful art sales of the
world, he thought. Notwithstanding the
fact that very many of the objects went at
such prices that the buyers, even when
they were dealers, considered themselves
fortunate, (he sale as a whole was general
ly regarded as satisfactory.
000
The sections of the national banking law
regulating the rate of Interest to be
charged by national banks were construed
by the supremo court of the United States
ln n decision rendered by it on February
list In a case (Crown vs. Marlon National
bank), which came beforo it on a writ of
error to the Kentucky court of appeals.
One of those sections provides that nation
al banks may charge on any loan or dis
count made, or upon any note, bill of ex
change or oilier debt. Interest at the rate
allowed by the laws of the stale, territory
or district where the bank Is located, and
Ho more, except that where by the laws
of any slate a different rate is limited for
banks of issue organised under state laws,
the rate so limited shall be allowed for as
sociations organized or existing in any
such slate. Another section provides that
the taking or charging a rate of interest
frreater than thut allowed, when knowing
y done, shall be deemed a forfeiture of th»
entire Interest which the note, bill or other
evidence of debt carries with it, or which
has been agreed upon, ami that ln case the
greater rate of Interest has been paid, tho
person by whom it has been paid, or his
legal representatives, may recover back
twice tho amount of the Interest thus paid
from the bank taking the same.
In construing these provisions. says
Bradstreet's, the court said that interest
Included In a renewal note or evidenced by
a separate note does not cease thereby to
be interest and become principal so us io
escape the forfeiture provided for know
ingly taking or charging an illegal rate of
interest. If, the court said, the bank sues
upon the note, bin or other evidence of debt
feeld by It, the debtor may insist that the
entire interest, legal and usurious, Includ
ed In written obligations and agreed to be
paid, but which has not actually been paid,
■hall be either credited upon the note or
eliminated from It und judgment given only
for tho original principal debt, with inter
est at the legal rate from the commence
ment of the suit. The forfeiture declared
by the statute, the court held, is not waived
By giving a renewal note in which Is in
cluded the usurious interest, and no matt.'r
how many renewals may be madei, if tho
bank has charged a greater rate of Inter
est than the law allows, it must, if the for
feiture clauso ot the statute be relied on
•nd the matter Is thus brought to the at
tention of the court, lose the entire Inter
est which tho note carries or which has
been agreed to be paid. By no other con
struction of the statute, the court says,
can effect be given to the clause forfeiting
the entiro interest which the note, bill or
other evidence of debt carries, or which
was agreed to be paid, but which has not
actually been paid.
Some attention was devoted by the court
to tho contention that within the meantn*
of the statute interest is "paid" when It s
Included In a renewal note, so that who l
suit Is brought upon the last note calling
for Interest from its date only the interest
accruing on the apparent principal of that
note Is subject to forfeiture. Judge Harlan,
who read the opinion, said,, however, that
tho statute could not be so construed, for
If Interest were paid by simply Including it
In a renewal note, It would follow that as
soon as the usurious interest "agreed to be
§ald" was Included ln a renewal note, fne
orrower or obligor could sue the lender
or obligee and "recover buck twice tho
•mount of the Interest thus paid," when
he had not, In fact, paid the debt nor any
part of the Interest as such. This, Justice
Harlan said, could not be a sound inter
pretation of the statute; the words. "In
case tho greater rale of interest has been
paid" refer to Interest actually paid as
distinguished from Interest included in tile
note and "agreed to be paid." If. for ex
ample, one executes his note to a national
bank for a named sum as evidence of a
loan to him of that amount, to be paid ln
one year at II) per cent interest, such a
rate of Interest being illegal, and If re
newal notes are executed each year for
five years without any money being in fact
fiald by the borrower—each renewal note
minding past Interest, legal and usurious
—the sum Included In the last note In ex
cess of the sum originally loaned would be
Interest which that note carried or which
was ngreed to be paid, and not as to any
part of It interest paid. On the other hand,
If the note when sued on Includes usurious
Interest, or interest upon usurious Inter
est agreed to be paid, the holder may elect
to remit such interest, nnd It cannot then
be said that usurious Interest was paid to
him. The construction of the law given
In the decision Is of a nature to render it
difficult to evade Its provisions in so far
as they are Intended to prevent usury.
000
The report of the directors of the Bank
of British Columbia, submitted to the
meeting of shareholders ln London on the
9th of February, states that the profits
for the past half year are £18.351 8s lOd.
Out of this a dividend was declared at the
rate of 5 per cent per annum and a bal
ance of £3351 8s lOd carried forward.
000
The syndicate on the Ist Instant made
another nllutment of $150,000 In San Fran
cisco and San Joaquin Valley Railroad
6 per cent bonds at 10:)'/j. According to the
San Francisco Bulletin, this is the sixth
Installment placed, and the best price of
all, the total being $050,000 of the $0,000,000
authorized. The bonds are issued as the
money Ib required In construction account.
On account of heavy tunnel work to be
done. It will be two years before all the
bonds are is ,ued. This is a long time to
wait for direct rail connection between
San Francisco and Bakersfleld, ln addition
to the year already consumed ln building
the road from Stockton to a point near
Bakersfleld, but there appears to be no
other alternative. The delay is ln the ap
proach to the Contra COsta county line,
where a long and expensive tunnel has
been decided upon as the most direct way
of reaching the waters of the bay.
Mortgages, 81000 and Over
8. R. Mitchell et al. to J. H. Wal
brldge, trustee—Lot 44, L. H. Mlch
ener'a sub., 2 yrs, 9 per cent.... 11 7GO
R. E. and E. R. Wheeler to W ii'
Purcell-Wtt lot 8, blk 11. L,. A.
Hstd trt, 8 yrs, 11 per cent 1 500
Same to E. R. Brainerd— Same 6 yrs
,11 per cent * ' ,
F. L. Alles et al. to W. O. Jackson—
Fart lot 9. blk M, Mott trt. 2 yrs 1014
per cent ' 73 imM
J. A. TUley and fi. C. TUley to tH
Spencer—Lot 90, Mills & Wicks Ext
1 yr, 1014 per cent ,
D. C. and W. B. Willis to K. Randall ,m
—Lot 4, Lake Aye. trt, 8 yrs 9 per
cent , nn,.
Same to Adams-Phillips Co.—Same'
payable ln Installments; 11 per cent 1 <m
A. E. and J. M. Rogers to S H Blr
ney-Lots M and N, blk 122, Santa
Monica, 2 yrs, 11 per cent 2 000
B. C. Rogers to N. A. Barker-Part
lots 2 and 18. blk N, Painter & Ball
trt, 1 yr, 0 per cent ,
L. IX and J. P. Stncksdale to J."t
Stewart—Lot 2, Stewart & Fish's
sub, 1 yr, 1014 per cent 1
Eighteen mortgages under $1000 6*,626
Total $20,768
om, Bel eases, a IOOO and Over
C-E. Phelps to C. O. Baldwin et al.,
m m $1,100
CONDUCTED BY OEO. A. DOBINSON
W. Mitchell to H. E. and E. Menefee,
363-188 1,300
Security Say. Bk to A. C. Freeman
et al., 560-118 50.000
N. Hartol to R, Vater, 526-76 3,450
H. S. Flora to O. L. Cleveland. 354-45 2.500
P.W. Newhall to W. W. Tinker. 470-98 1,000
M. Schwed to H. W. Judson. 673-116.. 2.000
J. A. Smith to 1,. Dickey. 818-246.... 2.577
Sixteen releases under $1000 0.610
Total $71,043
ON 'CHANGE
Conditions Shown by the Dealings on
Wall Street
NEW YORK, March s.—Liquidation was
renewed with energy on the stock ex
change today and the Saturday short ses
sion was long enough to effect some very
striking declines. Large selling orders
were executed for Washington account,
as was the case yesterday. There was no
news to account for this selling beyond a
general feeing of apprehension over Ihe
Spanish sltuntlon.
The fnct that the financial world had
been going through such a trying period
with so little harm resulting was accepted
as a bull card. In view of the underlying
strength of conditions which this demon
strated. Nevertheless the general list
shows marked declines extending to a point
In most cases, t'nion Pacific preferred,
Northwestern anil Manhattan were the
special points of weakness. The Grangers
were relatively firm, and the- Coalers also
showed resistance to tip decline. Healings
In Sugar were large-, and (here seemed to be
good support for this stock.
As a measure of the uneasiness nf the
financial community over the status of
the country's relations with Spain, to
day's statement of New York clearing
house banks makes a striking exhibit.
There Is In it evidence of a great drawing
In of credits and fixing of reserves. Tho
statement was a surprise. It has been
known that the demands of the country
for money for active use- have fallen off
considerably this week, but the statement
nevertheless shows a decrease In cash re
serve nf nearly JX,000,000. That this re
flects the withdrawal of deposits in New
York h>inks by interior Institutions as a
precautionary measure to strengthen their
reserves Is beyond doubt. The enormous
Contraction in loans of $13,622,000 represents
the precautionary measures of tip. New-
York hunks and explains why money for
purely speculative purposes had become
so scarce, why liquidation on the stock
exchange has been forced, and why prices
were acutely depressed, k is possible
that some part of the loan contraction is
due lo liquidation on sterling exchange
collateral, which has been withdrawn from
use in Importing gold. But It is the gen
eral belief that the gold Imports have been
made on the sale of new bills against Lon
don purchasers of American securities,
which was heavy last week, and against
grain shipments from here. The net re
sult to the clearing house banks is a de
crease In deposits of 523.103,000.
Hold in transit for New York or received
today amounts In the aggregate to $5,800.
--000, Which will serve as an nffsof in part
tec tho banks' losses of cash. The situa
tion in the stock market is closely anala
gous to that which followed the culmina
tion of tho rise in prices last September.
The movement of money (ben (o (ho In
(erlor (o move (he crops caused a stiffen
ing of money rates and liquidation of spec
ulative stock holdings. Whether the Im
port movement of gold will result in a re
newed advance of stocks, with the easing
of the money rate, remains to be seen. That
the disposition for the moment is against
speculative outlay in securities is evident.
though large capital apparently stands
ready lo buy stocks at any considerable
decline In prices. The decline of the lat
ter part of Iho week has not in all cases
wiped out the early advance and net
changes are mixed.
Bonds have not been as active as stocks,
but have moved in sympathy with them
within a narrower range.
United Sta(es old fours und (he seconds
registered are 2 per cent lower, and the
new fours \i lower bid.
Money in Bank
NEW YORK, March s.—The weekly bank
stntement shows the following changes:
Surplus reserve, decreasu $2,125,825
Loans, decrense 13,622,000
Specie, increase 030.400
Legal tender, decreaso 8,873,700
Deposits, decrease 23.193.1H0
Circulation. Increase 47.200
The banks now hold $10,073,909 in excess
of the requirements of the 25 per cent rute.
The Financier says: The statement of
the Associated bunks of New York reflects
In full the disturbing causes which have
been making themselves felt for nearly
three weeks past. The heavy decreases,
however, cover a period longer than the
seven days whirb the total are supposed to
represent. As was outlined in this analy
sis last week, the averages did not include
the losses which the banks were then sus
taining through the shipments to the Inte
rior. The latest statements reveal very
clearly the extent, of this drain. The de
crease- of $23498,900 in deposits can be traced
through a list of twelve of the larger bunks
ranging from one to four millions of dol
lars in each Instance. The only Inference
Is that the money has gone to other insti
tutions and this Is further borne out by
the fact that New York exchange at all
Important centers has advanced from a
heavy discount to par, and in some in
stances to a substantial premium. The
amount shipped has been more than suf
ficient to meet legitimate trade demands.
At the present time the movements seem
to have ceased. Future developments of a
political character must decide whether it
Is to be resumed, or whether the tide will
turn and the money flow back to New
York. In view of the revelations made
public ln the current statement the heavy
gold Imports do not appear at all strange.
In fact, the wonder Is that the engage
ments were not larger. As might have
been expected, there has been a corres
ponding reduction ln loans and the de
crease of $13,622,000 is accounted for by
the liquidation ln speculative circles and
the calls made ln order to strengthen re
serves. The heavy sales of accumulated
sterling exchange at this center are also
to be considered in this connection. But
for all that, the banks lost nearly $R.000.e700
cash, the reserve reduction is only $2,135,825,
and the excess is still over $20,000,000. The
gold coming from Europe will more than
make up the loss In reserves in two weeks.
The treasury did not call the usual Union
Pacilic transfers from depository banks
last week, and while Kansas Pacific pay
ments will require within the next thirty
or forty days nearly $6,000,000 now In banks.
It cannot be said that tho outlook favors
anything more than moderate firmness in
rates. The exchange situation Is so sensi
tive that sudden advances are bound to
bring additional Imports and thus restore
the equilibrium. If the developments of
the next ten days are such that a peaceable
conclusion of our foreign complications is
assured, the money market will probably
weaken. As It Is, rates have gradually
declined from the high point reached early
last week.
Imports and Exports
NEW YORK, March s.—The imports at
the port of New York: Gold. $24,498; stiver,
$35,204; dry goods and general merchandise,
$10,036,113. The exports of specie were*
Gold, $790; silver, $604,084.
Silver Bullion
NEW YORK, March s.—Bar silver, 54%;
Mexican dollars, 44%.
SAN FRANCISCO, March s.—Bar silver,
55%; Mexican dollars, 45%(g)46. -
CHICAGO MARKET
Prices and Prospects of the Trade ln
Cereals
CHICAGO, March s.—The opening in
wheat was steady, July starting un
changed at and bringing 90% a
moment aftef. May showed an opening
quarter-cent advance, at 1.05. The Ohio
state crop report, which made the condi
tion of winter wheat 33 per cent below the
average, was a surprise to the trade, as
previous reports were to the effect that
conditions were promising, and (his
caused momentary strength. Then prices
commenced to drop. It was reported that
Armour had ordered 900 cars to load with
wheat at Minneapolis for shipment to Du
luth. This was taken by many traders as
Indicating a repetition of the great run of
wheat to Chicago which took place last
December and resulted ln the withdrawing
of support, and also ln heavily Increased
offerings. Prices slid off tn consequence,
May going down to 89%@59%.
There were rumors current that the Lei
LOS ANGELES HERALD t SUNDAY MORNING. MARCH 6, 1898
ter holdings In the northwest had been
sold to millers. They were not confirmed,
but nevertheless had effect. Near the close
the market became quite strong. Buying
became quite liberal and general, and May
which had advanced quickly to 1.005%, ad
vanced quickly to 1.06, but had reacted to
1.05% by closing time. July got up to the
best prices of the day, 90%090%, and closed
firm at 90%.
Liquidation of long corn was tho fea
ture of that market, a prominent elevator
concern disposing of a heavy line. The
improvement In wheat lute in the session
resulted in better ipport being given. Muy
Closed a shade- lower.
The market for oats was very dull, May
closing unchanged.
Provisions were weak all day. There
was continued selling by the packing in
terests prominent In yesterday's liquida
tion and prices tended Steadily downward.
At the close May pork was 7%c«iloe lower,
Kay lard 5c lower, Muy ribs 9%Clower.
SAN FRANCISCO MARKET
Call Board Dealings and Prices of
Produce
SAN FRANCISCO, March s.—Wheat-
Quiet; December, 1.32 Vi; May, 1.89%.
Barley—Quiet; December, 94' i; May,
1.04%.
Corn—Large yellow, 1.05(01.07%.
Flour— Family extras, 4.55-&4.U5; bakers'
extras. 4.80(9 1.40.
Wheat—Shipping wheat, 1.40(81.41% for
No. 1, and 1.42% for choice; milling, L4SJJ
1.46*4.
Barley—Feed, good to choice. 1«0601.07%Ci
fancy, 148*401.10; brewing, 1.12%efr1.20.
OatS—Ppor to fair. I.i2 l /2<c|1.15; good to
choice, 1.17Vi®1.22W; fancy feed, 1.32%01.!!6
per cental: gray. 1.1645 L.17%; milling, 1.200
1.25; surprise, 1.2501.35; black for seed,
1.3601.60; red. 1.35c8>1.46.
Hay—Wheat, 10.00ejpl8.60; wheat and out,
10.00017.60; best liarle-y. 13.60015.t0: alfalfa,
10.504J11.60; clover, 11.00018.00; stock, ll.iXry
12.CM.
Mlllstufts— Middlings, 2L00@23.00 per ton;
bran, 16.50017.50.
Dry Heans—link. 2.ffWi2.70; Lima. 2.0.10
2.15; small white, 1.5001.65; large white,
1.5001.66.
Potatoes— Early Rose, (K075 per cental;
River Burbanks, 60060 c; River Reds, 400
50c Salinas Burbanks, —; Ore gon Burbanks,
-lO'yNUe; Merced sweets, 76086 c,
Vegetables—Unions, 2.5(>.'ci2.75 per cental;
hothouse c ucumbers. BOc 01.00; garlic, 3%0
lc: green peas, sc-; string betas. —#—
per Ib.l asparagus, 1501?%c; egg plant, 15©
QOc; green peppers, 26c; mushrooms,sol2%c.
Citrus Fruits—Naval oranges, 1.2503.00;
Mexican limes, repack, 6.6006,00; com
mon California lemons, 76001.85; choice
2.25.
Butter—Fancy c reamery. 19%@20c per lb.;
do. seconds. 18019 c; fancy dairy, 18c; do.
seconds, 16017 c,
Bags—Store, Mfillc per dozen; fancy
ranch, 11011 c.
Poultry—Turkey gobblers, 12013 c per lb.;
old roosters. 4.oo'ii 1.50 per doz.; young roost
ers 7.0007.60; small broilers, 4.0004.50;
large broilers, 6.0006.60; fryers, 6.0006.60;
hens. 4.0005(00; old ducks, 4.0005.00; geese,
1.2501.50 per pair; old pigeons, 1.25; young
cy, 9'A.'c/l"'-
Dried Fruit Prices
NEW YORK, March s.—California dried
fruits steady.
Evaporated apples—Common, 5080 per
pound: prime wli*e tray. 8%08%c; wood
dried, prime, 808% c; choice, 8%(&9c; fancy,
9%010c.
Prunes—B%oßc per pound.
Apricots—Royal, 5%07c; Moorpark,
10e.
Peaches—Unpeeled, 509 c*. peeled, 12015 c.
Petroleum
OIL CITY, Pa., March s.—Credit bal
•lncc-s, S2c; certificates, closed 83V 2 c; total
sales, 26,000; shipments. 75,202; runs, 98,210
barrels.
Local Quotations
BUTTER—Extra local 32-ounce squares,
firm at fflftK!l£c; fancy creamery, north
ern, 32-oz. squares, dairy, 32-oz.,
lofi 4214 c: dairy. 28-oz., 3608714 c; fancy tub,
per lb., 21«22o; process, 18fn9e.
EGGS—Choice to fancy, 101i©llc.
CHEESE—Martin's New York Cheddars,
per lb., 14c; eastern, full cream, per lb.,
1301314 c• California half cream, per lb., —;
■ oast full cream, per lb., 1114 c; California,
Downey or Anchor, per lb., 1214 c: do.Young
America, per lb., 1314; do. 3-lb. hand, per lb..
1414; domestic Swiss, per lb.. 17c; imported
Swiss. 22628; Edam, fancy, per doz., 8.50.
POULTRY'—Per dozen: Hens, 4.0054.50:
voting roosters, 4.30.1J5.00; old roosters, 4.00
'</4.50; broilers. 3.50 04.50; fryers, 4.5005.00;
ducks, 4.5006.00; turkeys, alive, per lb.,
I2fil4c; dressed, 15®16e; geese, apiece, 1.00
01.50; young stock scarce.
VEGETABLES—Beets, per 100 lbs., 75c;
cabbage, per 100 lbs., 65c; red cabbage, per
doz., SO®7sc; carrots, per 100 lbs., 75c;
chiles, dry, per string, 75©85e; Mexican,
per lb., 10®lie; green, per lb., 25c; gar
lic. Oil7c; onions, 3.15@3.25; do. green, per
doz., 30c; green peas, CSißc; turnips, 85c;
Hubbard squash, per 100 lbs., Ssc; parsnips,
DOcMl.00; leeks, per doz., 20c; parsley, 35c;
radishes, 25c; callflOWer, 30c spinach,
20c; celery, 43@50c; tomatoes, per box, 90
rti.oo.
POTATOES—Per 100 lbs.: Common. (Off
95c Early Rose, seed, 1.0001.10; Burbank
1.00(5)1.20; sweet. L 0001.25.
GREEN FRUITS—Fancy apples, 1.250
1.50 j>er box; choice, 1.0001.25; poorer
grades. 50(fj75c; bananas, per bunch, 1.500
2.00, crates exera; pineapples, per doz., 5.00
06.00; Winter Nellis pears, box, 1.5001.75;
cocoanuls, 9OC01.OO; guavas, per box, s©7c.
CITRTIS FRUlTS—Oranges: Extra fancy
Redlands navels, 2.25; fancy, 2.00; choice,
1.50; extra fancy Redlands seedlings, 1.25;
fancy, 1.25; choice, 1.00. Lemons: Cured,
fancy, 1.5001.75; choice, 1.00; green lem
ons, 75c. Grape fruit, per box, 3.0004.00;
Tangerine oranges, 1.75ift2.00.
RAISINS—Fancy clusters. 20-lb. boxes,
2.00; 4-erown LL clusters, 1.75; 3-crown LL,
per box, 1.40; 2-crown. loose. In sacks, per
lb., 4c; 3-crown, loose, In sacks, per 18..
r>%if?s%c; 4-crown, per lb., 514@6e: Sultana
seedless, per lb., 814 c; in boxes 14e higher.
DRIED FRUITS—Apples, sun dried,
sacks, per lb., 6c; boxes, —; evaporated,
fancy, B®9c; apricots, fancy, 8c; choice, 7©
714 c; peaches, fancy, impeded, 6c; pears,
fancy evaporated, B©lo c; plums, pitted,
choice, 9010 c; prunes.cholce, boxed,7l4©9c;
sk., 4©6 c; dates, 6@614c; silver prunes,
choice, Back; 71408 c; boxes, 9010 c; figs, Cal
ifornia white, per lb., s©6c; California
black, per lb., 60514 c; California fancy, per
lb.. 7'MiSc: Imported Smyrna, 12V,©15c.
BEANS AND DRIED'PEAS— Pink, 3.23©
3.40; Lima, 2.0002.25; Lady Washington, 1.80
(<7'1.90; small white, 1.9002.00; green field
peas, 2.5002.76; black-eyed beans, 2.00; gar
vancos, 3.5003.75; lentils, Imported, 7.00©
8.00: lentils. California, 3.50©4.00.
NUTS—Walnuts, Los Angeles, 405 c: me
dium soft, fi®7c; soft shell, Los Nletos,
fancy, 8c; almonds, soft shell, 10011 c; pa
per shell. 1101201 hard shell. 8(ffl0c; pecans,
10©12 c; filberts, 1114012 c; Brazils, 11012 c;
. plnons, 11012 c; peanuts, eastern, raw, 614
©7c; roasted. 8(0/8140; California,raw,4@sc;
roasted, 61407 c.
MILLBTUFFS—FIour, local mills, 4.80
per bbl.; Stockton brands, 5.00; 0reg0n,4.85;
eastern, 5.75@6.60; 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, 16.00©19.00; barley,
14.0O4tl6.0O; oat, 16.00©19.00; alfalfa, baled,
14.00MKi.00; loose, —; straw, 3.50@4.00.
HONEY AND BEESWAX—Honey ln
comb, B©loc per lb.; strained, 4@sc; bees
wax, 20©25 c per lb.
GRAlN—Wheat. No. 1, 1.50; No. 2, 1.50;
corn, small yellow, 1.05; large yellow. 1.00;
barley, common, 1.05.
DRESSED MEATS—AII per lb.: Beef,
No. 1, 6%e; No. 2, 614 c; hindquarters, No.
1, B>4c; hind quarters No. 2, 8c; ribs of beef,
9c; veal, 7©Be; mutton, 714 c; lamb, 8c; pork
loins, 814 c; legs of pork, 814 c; pork spare
ribs, 6c: pork tenderloins, 16c.
CURED MEATS—Rex hams, 1014 c; pic
nic hams, 6c; No. 2, B%c; select mild cure,
B%c; special fancy breakfast, 12c; special
breakfast bacon, 1114 c; Rex bacon, 10c;
Rex boneless hams, sugar cured, 9c; Rex
boneless butts, —; summer sausage, lBc;
Rex dried beef, insides, 15c; Rex dried out
sides, —; smoked tongues, 60c; Diamond
C breakfast bacon, backs, per lb., 9c; bacon
bellies, 914 c; light medium bacon, 9%c;
medium bacon, 814 c; dry salt clear bellies,
16-26 a v., 814 c; dry salt clears, 35040 avg.,
7%c; salt clear backs, 7c.
LARD—Rex pure leaf, tierces, 6c; pure
loaf, 6c; Ivory, tierces, 6%c; cottolene,
tierces, 614 c; Rexolene, tierces, 5%c; spe
cial kettle rendered lard, 714 c; Orange
brand, 50s, 6%c; 10s, 714 c; ss, 714 c; 3s, 714 c.
TALLOW—Per lb., 20314 c.
WOOL—Nominal.
LIVESTOCK-Per lb.: Beeves, 2%03%;
hogs, 414©414 c; lambs, per head, 2.0002.60
sheep, per cwt., 2.5003.75; calves, per lb.,
314 ft lc
HIDES—Dry (as they run). 15c; do. kip,
12c; do. calf, 1614 c; bulls, 7c; salt steer, 5©
6c; do. stags and bulls, 3c; cows, 414@5V.c
--sheep skins, 206 c. .
Wall paper, late styles, low prices, at
Mm A, Eckatrom's, 321 South Spring street
SACRED CASTLES
Laws Recognize the Sanctity
of the Home.
Only Disease andlOeath Can Enter.
discovered laws which overcome the chief
diseases that affect mankind, and applies
such laws In an effective way.
Mr. Sulom Mathews, the proprietor of
the well-known Fair Furniture 00., 859
Mission Street, San Francisco, says:
" Years ago I contracted muscular rheu
matism, and, alfnough I consumed enough
medicine to have destroyed the stomach
of an ordinary mortal. I received little
or no relief. 1 decided to try Munyon's
Rheumatlrm Cure, and the result aston
ished me. For several days prior to this
1 hod been unable te use my arms, but
In less than twenty-four hours I was so
free from pain I actually made myself
useful around my place of business. In
addition to the disappearance of all pain
In my arms, I found that the pellets acted
beneficially on my kidneys."
Mr. A. Jackman, Pocatello, Idaho, says:
" I suffered very greatly from rheuma
tism, arid tried ell kinds of medicines. I
had never received any relief until lately
I began using Munynn s Remedies..! have
only taken a few botl'.os of Munyon's
Rheumatism Cur", and 1 can report my
self completely cured."
Munyon has a separate cure for each
disease, mostly 25 cents a vial, sold by
druggists. If In doubt, wrlto Professor
Munyon, at Philadelphia, Pa., and got
medical advice free.
PASSENGERS ON SAILING SHIPS
Various Reasons Prompt Them to Take
a Long Sea Voyage
Almost everybody that travels on the sea
nowadays goes by steamer, but there are
still some persons who, for one reason and
another, take passage on sailing vessels
going usually long voyages. All big ships
have one or two. or perhaps more, spare
staterooms In their cabin, and so are able
to carry comfortably a limited number of
passengers. American ships sailing out of
thi* port carry passengers—one. or it may
be more—on probably half the voyages they
make. Sometimes there are applications
from more titan can be accommodated,
sometimes there arc none at all.
For a long time It has been a custom to
some extent to send on long voyages men
whom It was sought thus to cure from a
craving for liquor; but for the benefits of
the voyage, and for enforced abstinence.
There are yet such passengers, but some
vessel-owning firms now decline them.
Passengers making these long voyages
In sailing vessels go some for pleasure and
others are actuated by various motives.
For example: Two young men who were
friends went out from here to Japan. One
of them was a son of a New York Importer
who was going out to be a resident agent
in Japan of his father's house. This house
charters ships and has constant dealings
wiht ships, and it was desired that its rep
resentative should have some practical
knowledge of them, which he could acquire
on the voyage out. The other passenger on
this voyage expected to follow the sea as
a profession on steam vessels. He took this
voyage ns a sort of preparatory education
In acquiring a knowledge of ships.
Men sometimes mako the long voyages
to gather literary material. There are
some-tlmes passengers who take passage
simply to get to some port of destination.
A while ago a Xew Yorker of ample
means and of perfect health and with a love
for the sea, who went out from here to San
Francisco in a sailing ship, liked the ship
and the captain so well that he sailed in the
ship for three years. He went in her from
San Francisco to Liverpool and back to
New York; out to San Francisco again,
once more to Liverpool and back to New
York and then to Japan in her.
But while some men make long voyages
simply for the pleasure ot it, probably
more go for their health; the number of
those who go to recover from the effects of
overwork, men who are pretty nearly worn
out and who need a rest, is considerable.
They get here three to five months ot ab
solute rest nnd freedom from care, and the
results attained in some cases seem almost
marvelous.
The charge of a long voyage on the finest
ships is $300. A long voyage would be that
to San Francisco, a hundred to a hundred
and fifty days; to Japan the same; or to
Australia, a hundred to a hundred and
twenty-five days; if the passenger remains
on board ln port the charge for that week
Is $10 a week.—New York Sun.
JUMPED OVER THE GALLERY
Mr. Kiley Landed in a Balcony and
Shook the Whole Theater
Only by chance did William Kiley dis
cover the vaulting prowess latent In his
own legs. He made a running jump for a
desirable front seat In the gallery at Min
er's theater, but went too far. Kiley shot
over the rail feet first, like a flying meteor,
and landed in the balcony, twenty feet be
low, with a jar that shook the building.
Still the band played on, for the curtain
was about to rise on the matinee.
Beyond a bruised hip and a slight cut on
the head Kiley was not seriously injured.
An ambulance removed him to Gouverneur
hospital, in spite of his desire to remain
and see the show, which opened on time.
His burning: desire to see what Night Owls
do In daytime, with the glare of the cal
cium upon their scant plumage, led to the
exploit of Mr. Kiley. Although It lacked
ten minutes of the time for the first owl
to flutter to the stage, Mr. Kiley was late,
very late, from a gallery point of view. All
the front seats but one had been taken,
and that one, directly ln the middle of the
circle, lurked between Mr. Ktley's brother
John and a friend. They were saving an
unobstructed view of the night owls for
William immediately above the calcium
plant. When William saw the waiting
seat he ran down tho sloping aisle, stepped
to a vacant chair in the third row, then to
the back one ln the second row and jumped.
As the jumping off place Is much higher
than the gallery rail, and as Mr. Kiley, ln
his excitement, gave a most prodigious
leap, over he went like a rocket.
John Kiley grabbed at the wrist of the
flying man, but as William weighs 180
pounds, John might as well have tried to
catch a falling safe. With a yell that
startled the audierce, but did not faze the
orchestra, William crashed Into a front
balcony seat In a half sitting posture. His
head grazed the metal box that covers the
calcium and his hip and side were bruised
by contact with the arm rest of the seat.
The theater attaches consider It remark
able that the man was not killed. Had he
jumped a little harder Kiley would have
gone over the balcony and into the body of
the house. William walked out to the
street, where John with brotherly solici
tude, saw him hoisted into the ambulance.
John then hastened back to see the open
ing act of the fascinating Night Owls ln
daytime, only to find that some unfeeling
gallery spectators had taken his seat and
also the one that William overshot with
his facile legs.—New York Journal.
A French Woman Lawyer
"The attempt of Mile. Jeanne Chauvln
to secure admission to the Paris bar has
created a great sensation throughout
France," says the Woman's Journal. "In
1884 she took her degree as bncheliere dcs
lettres, and a year later she became bach
ellere dcs sciences: In ISOO she took the degree
of doctor of philosophy. She Is the author
ot an elementary legal course, which M.
Colmet de Santerre has declared to be a
'veritable encyclopaedia of jurisprudence
in miniature.' Her application for admis
sion to the bar has been rejected by the
court of appeals, but she has found a num
ber of defenders, notably an able Belgian
barrister, Louis Frank, the author of sev
eral noteworthy books on tho woman ques
tion. He has written a learned treatise
proving her right to practice. He points
out that not only has she obtained all the
necessary diplomas, but during tho last
few years she has conducted with great
success un elementary law class in several
of the foremost feminine lycees (a class
of French schools) of Paris, and she has
written for a considerable number of law
reviews nnd papers, while she is an author
ity on nil the French laws affecting wo
men's life and work.
"Tbe anti-woman party, however, de
clares thut If she is admitted to practice,
every Intelligent French girl, who hus a
liking fnr law and whose parents can dis
pose of a small capital in her favor, will
be able in time to assume the judicial robes,
They assert that many people will prefer
to place their legal affairs in the hands of
a woman who hus proved he rself compe
tent, arid they bint darkly at the probable
influence to be exercised by the Portias of
the future, on juries and judges."
PAY OF OLD-TIME ARCHITECTS
Ancient Builders Received Small
Remuneration
As near as we can discover, tho archi
tect of "ye olden tyme" did not receive for
his services a very exorbitant sum. Re
cently some members of the French school
at Delphi unearthed several slabs of mar
ble which bear Inscriptions of great inter
est, dating, its they do, from the fourth
century before Christ. Tho inscriptions,
which cover about 200 lines, give the price
of work for building operations in Greece
at the period named, and from them we
learn that an architect was paid at the
rate of $150 per annum or less. This was
little enough, surely, even if its purchas
ing power is multipliod, as it should be,
five or six times. Sir Christopher Wren
received for his services the magnificent
sum of $1000 per year for more than twenty
years while rebuilding London! His head
draughtsman received about $300 per year,
while assistants received from $30 to $12."
per year. French and German architects
were not even so well paid during the same
period.
Bad as it was, It was better than the
remuneration many of the older architects
received, for In the far east, If an artist
made a noble design and erected a building
worthy of admiration, his chances of being
"suddenly removed" by order of the king
were many. This step was taken ln order
to prevent a rival king from obtaining the
services of an architect who might be
able to so improve his plans that a finer and
nobler building would be executed.—Archi
tecture and Building.
STRANGE YELLOW SPIDERS
Florida Insects Which Do the Mysteri
ous Disappearance Act
On the borders of the P'lorlda everglades
the visitor will often see a large yellow
spider. He swings a strong web from two
pliant twigs on each side of a patli or clear
space of ground and waits for his prey. The
web is in the shape of a hammock, and
tapers at each end to a fine point, though
quite broad at the middle. The bright color
of the owner seems to mark him out for
destruction—he is clearly delined against
the white sand or dead leaves, and you
wonder what ho would do for defense ln
case of an attack.
Approach quietly, and he watches you In
tently. If one raises his hand suddenly he
will disappear. AVhlle you are wondering
what became of him you see a faint blur
where he had been, then several spiders,
then you catch sight again of tho yellow
ball you noticed at first. Repeat the per
formance, and the strango effect is re
newed. The disappearance is absolute —
there can be no doubt about it—and the
little magician trusts to it entirely for his
protection. How is It done? As soon as
he Is threatened he starts the vibrations of
his airy hammock. Theso become too
rapid for the eye to follow and he vanishes.
As theso become slower you see a blur, and
then several spiders, as your eye catches
him at different points of his swing, until
finally he rests before you.—Botton Trav
eler.
Eleven Johns in the Family
In reading the Sun I saw a piece about
a family having four Johns. I think I can
beat that. I know a widow named May
field living In Paducah. She Is the mother
of four girls, and three of them married
Johns, and the fourth was engaged to be
married on Sunday to a John, and broke
the engagement and ran ajvay with a man
by a different name. Two granddaughters
also married Johns, and another grand
daughter was keeping company with a
gentleman named-John. The old lady has
a son named John,.and he has a son named
John, and three other grandsons also
named John, and one great-grandson
named John. In all, she has eleven Johns
ln the family.—Paducah (Ky.) Sun.
A PLUMBER IN NEED
IS A PLUMBER INDEED
Haverty
Is the man you want to figure for you on
the I'lumbing of your buildings, new or old
His headquarters are at
435* S. Broadway
and you are Invited to call him up through
Telephone Red 804
WILLIAM H. ALLEN JR President
JAS. H SHaNKLAND Vice-President
M. S. HELLMAN Vice-President
O. F BRANT Manager
O. P. CLARK Secretary and Treasurer
TITLE INSURANCE AND TRUST
COMPANY
Capital Paid Up, £400,000.00
A Policy of Title lnsuranco furnishes the best
evidence of title that can be obtained.
Cor. Franklin and New High Sts.,
Telephone. Main 843. LOS ANQELE9, CAL
The Cudahy PackWCo,
Packers and Jobbers of—
"Rex" Hams and Breakfast
Bacon and Lard ....
Also dealers ln Fresh Beet,
Pork and Mutton.
Tel. Main 988. Los Annulet, Cal.
West Olendale —>
Winery and Vineyards
CHAS. B. PIKONI, Proprietor
No. 840 N. Main St., Baker block. Telephone
886. P. O. box 16. Station C. High-grade Table
and Medicinal wines. My specialty: Hneiu
mental Wines, Pure Grape iirandlos ot my
own distillation.
Rol. King's Liquors
Bohemia
Tel. Red 1751 307 South Spring St
LOS ANGELES, CAL.
A Prominent Physician
Startles the Medical Fraternity and Calls Forth Words of Praise and Thank
fulness From a Vast Multitude of Ailing People
Gives His Services Free
Dr. Janss, ln administering ills now lino of euros, makes no charges whatever for
his services, the only expense to his patients being the actual cost of the medicines
required to effect a cure.
Pa JAN6B, Ma D.
The prices for treating the various diseases named below are remarnamy w*w*
The prices quoted are for one month, and barely cover the cost of medicines.
Aslluna 81.50 , Boseuia 51.50 I Men Diseases. SI toSS.OO
Bladder Diseases.. 1.75 Bniurged joints 2.00 I Nervous Debility.. 1.80
Blood Diseases t.50 Female Diseases... 1.75 Neuralgia 1.80
Bone Diseases 2.00 Goitre (Big Neck).. 2.00 ovarian Diseases., a.oo
Bright'! Disease... 1.50 Gravel 1.80 Flesh Reduced 1.50
liroilt'hitlH 1.25 Hard Hearing 1.50 Opium Habit 3.50
Cancer 8.50 Heart Disease 8.00 Paralysis 2.0n
CiiiiHtipatlon 1.00 Hemorrhoid », rile* 2.50 I'rostatlc Disease.. 1.50
Consumption 4.50 Hernia or 11 aptnre 2.00 Kheumatlsm 1.50
Diseased Joints 1.50 Indigeatlon . 1.2 a Scrofula 1,50
Deafness 1.50 Insomnia 2.00 Skin Diseases 1.50
Diabetes 1.50 Kidney Diseases,.. 1.80 Spermatorrhea.... 1.00
Dropsy 1.50 La (irlpne 1.00 Tapeworm 1.50
Dyspepsia 1.25 Liquor llublt S.BO Tobacco Habit 2.50
Kpiicpny or Fits 2.00 Liver DUeases 1.25 Varicocele 1.80
Dr. Janss Personally Guranatees
That there will be no other expense or cost to the patient. This proposition, which
is the most liberal ever made by any reputable physician, means a great deal to
suffering humanity. It gives hundreds of people who are In moderate circum
stances an opportunity- to procure the best medical aid at a price which is not be
yond their reach. It means that those who are in affluent circumstances can be
cured without being overcharged, simply because they can afford It. It means that
there will be less suffering In Southern California than there has been In the past,
and consequently a greater amount of happiness.
Why Not Be Well and Strong?
Come and be cured. Dr. Janss will relieve your pain and suffering. He has had
many years experience in curing all manner of chronic diseases of both men and
women, and now offers you his services absolutely free of charge.
Dr. Janss' Credentials
Dr. Janss Is a graduate of the College of Phvslclans and Surgeons and of theßelle
vue Hospital Medical College of New York. Member of the Medical Society of Berlin,
Professor of St. George's Medical College, president of the English and German
Expert Specialists, and author of several standard medical works. Dr. Janss pur
sued his special medical education abroad, and was a pupil of the Immortal Koch.
Consultation and Advice Free
Dr. Janss makes no charge for consultation or advice. If you have an ailment,
weakness or a symptom, you should get the opinion of a physician, an expert whose
standing Is tho highest, and who has had long years of experience. Such a physi
cian is Dr. Janss.
You Can Be Cured At Home
Dr. Janss pays special attention to the curing of patients who live outside ot
Los Angeles. If you cannot visit the city, write for question list and free advice.
Consultation Free. Correspondence Solicited.
; DR. P. JANSS, 2,8 * mX \*™t!2\ Room4,3
OFFICE HOURS—I) lo 11, daby; evenings. 7to 8; Sundays, 9to 11
OLDEST AND LARGEST BANK IN SOUTHERN CALIFORNIA.
pARMERS AND MERCHANTS' BANK OF EOS ANGELES, CAL.
Capital paid up $500,000.00
Surplus and reserve $875,000.00
I. W. HELLMAN, President; H. W. HELLMAN, Vice-Pres.: H. J. FLEISH
MAN. Cashier; G. HEIMANN, Assistant Cashier. Directors—W. H. PERRY, O. W.
CHILDS. J. F. FRANCIS. C. E. THOM. I. \V. HELLMAN. JR., H. VV. HELLMAN,
A. GLASSELL. T. L. DUQUE, I. W. HELLMAN.
Special Collection Department. Correspondence invited. Our Safety Deposit De
partment offers to the public safes for rent ln Its new Fire and Burglar-Proof Vault,
which is the strongest, best guarded and best lighted In this city.
fHE NATIONAL BANK OF CALIFORNIA *
At Los Angeles
Capital and Profits, $270,000.00
I DIRECTOR*.
OFFICERS IS. C. HUBBELL. T. E. NEWLIN,
S. C. HUBBELL PresldentjO. H. CHURCHILL, .1. M. C. MARBLE,
O. H. CHURCHILL, First Viee-Presldent ! o. T. JOHNSON, JOS. D. RADFORD,
O. T. JOHNSON....Second Vice-President W. S. DE VAN, CHAS. MONROE,
A. HADLEY Cashier N. W. STOWELL, H. M. LUTZ,
JOS. D. RADFORD Assistant Cashier FRED O. JOHNSON JOHN E. MARBLE,
R. I. ROGERS.,., Assistant Cashier A. HADLEY.
|_0S ANGELES NATIONAL BANK
United States Depository
CAPITAL $500,000.00 SURPLUS $50,000.00
Total * $550,000.00
GEO. H. BONE BRAKE President WARREN GILLELEN.... Vice-President
F. C. HOWES Cashier E. W. COE Assistant Cashier
DIRECTORS
Geo. H. Bonebrake, Warren Glllelen, P. M. Green, Chas. A. Marrlner, 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.
$ECURITY~ SAVINGS BANK, '
Corner Main and Second Streets
OFFICERS DIRECTORS
H.W. Hellman, J. F. Sartori.W. L. Graves,
J. F. SARTORI President H. J. Fleishman, C. A. Shaw. F. O. John-
MAURICE S. HELLMAN.VIce-President son, J. H. Shankland, J. A. Graves, M. L.
W. D. LONGYEAR Cashier Fleming, M. 8. Hellman, W. D. Longyear.
Interest paid on term nnd ordinary denonltN
Money loaned on first-class real estate
piRST NATIONAL BANK~ OF LOS ANGELES
CAPITAL STOCK $400,000 Surplus and undivided profits over $260,000
J. M. ELLIOTT President W. G. KERCKHOFF Vice-President
FRANK A. GIBSON 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.
MAIN STREET SAVINGS BANK
Capital paid up $100,000
Junction of Main and Spring and Temple sts. (Temple Block), Los Angeles.
OFFICERS AND DIRECTORS—T. L, Duque, President; I. N. Van Nuys. Vice-
President; B. V. Duque, Cashier; H. W. Hellman, Kaspare Kohn, H. W. O'Melveny,
J, B. Lankershim, O. T. Johnson, Abe Haas, W. G. Kerckhoff.
Money loaned on real estate. Interest paid on term and ordinary deposits.
BBOASWAY'BANK AND TRUST CO., Broadway and 3d st., Los AngelesT
AUTHORIZED CAPITAL $100,000
PAID UP CAPITAL 30,000
Officers —WARREN GILLELEN, President; GEO. H. BONEBRAKE, Vice-Pres
ident; F. L. FORRESTER, Assistant Cashier; W. C. DURGIN, Secretary.
Directors—Geo. H. Bonebrake, Geo. I. Cochran, M. H. Flint, Chas. H. Howland
J. R. Haugh. Warren Gillolen,
nji ANGELES SAVINGS BANK ' — —
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, jr., W.
M. Caswell.
Interest paid on deposits. to loan on lirst class real estate.
QERjtAN-AMERICAN SAVINGS-BANK " '
Paid up Capital and Profits, 3145,400
COR. MAIN AND FIRST STS. Victor Ponet, President; L. W. Blinn and C N
Flint, Vice-Presidents; M. N. Avery, Cashier; P. F. Schumacher, Assistant Cashier
Interest paid on deposits. Money loaned on real estate.
SAVINGS-BANK ~
152 North Spring St. Interest Paid on Deposits
DIRECTORS—J. H. Braly, J. M. Elliott, H. Jevne, Frank A. Gibson. Simon Maier
W. D. Woolwine. W. C. Patterson. Safe Deposit Boxes for Rent.
SOUTHERN CALIFORNIA GRAIN AND STOCK COMPANY
212 1-2 South Spring Street New York and Chicago Markets
Direct Wires. Reference:
Quickest Service. National Bank of California.
Telephone Main 942. Los Angeles National Bank.
MARGIN ACCOUNTS SOLICITED. COMMISSIONS FAITHFULLY EXECUTBD
Dally report mailed upon application. F. P. BURCH & CO.
Glass & Long Btoti^B^
. 213.215 NEW HIOH ST. U» Angeles JCkmaaJLiiL
23