The herald. [microfilm reel], March 16, 1898, Page 9, Image 9

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,
LOB ANGELES, March 15, 189 S.
"He who has neither friend, nor enemy,
ls without talents, powers, or energy."
Insurance Commisnloner Clunlo has been
delivering himself quite freely upon tho
general subject of the financial bearing of
Insurance trusts upon the people of Califor
nia and neighboring states. According to
the Examiner, he says about as follows:
"Tho only hope of relief which the peo
ple of this state have from the oppressive
charges for fire insurance under which they
have so long suffered lies In the demolition
of tho so-called board of underwriters or
compact. Statistics prepared by insurance
men Show conclusively that ln years when
no compact has been lv existence rates
have been comparatively low, but as soon
as a compact ls formed rates jump to an
extravagant figure. Much has boon pub
lished on this subject, but It is not nec
essary to go outside of tho ranks of the
underwriters of San Francisco to secure
absolute evidence of the fact.
"What thu existing Insurance trust Is
costing tho people of San Francisco, the
state of California and tho states of the
Pacific coast may bo approximately ascer
tained from a study of what its predecessor
tho Pacific Insurance Union, cost them.
This si tidy has been made and Its con
clusions are presented by an Insurance
statistician and writer, whose authority
and accuracy no Insurance Interest will
question. In a 'Paper on Statistics,' read
before the Fire Underwriters' Association
of the Pacific, and printed in the Pacific
Underwriter on February 25, IS9S, W. H.
Lowden goes extensively Into figures and
tables to show how much the insurance
companies had gained In the way of pre
mium rates during Ihe life of the former
trust, and frankly deplores that they lout
from Us discontinuance.
"The Pacific insurance Union was an or
ganization of the companies doing business
In this slate and region under the control
of the samn Alfred Stlllman, who mnnnges
the present organisation, and who figures
as the official author of the remarkable
circular claiming that tho companies tire
now doing business under the arm of the
I'nited Stales circuit court, ln defiance of
tbe laws of the state of California und of
their legally constituted administrator.
That old combination or trust was organ
ized In ISS4 nnd fell to pieces in 1894.
"In his table of 'California Business
From 1871 to 1597. Expert Lowden shows a
steady Increase ln tbe average premium
rate for the ten years of tho existence of
that trust. The year before the trust the
average rate was $1.50. During the next
eight years It steadily rose to $1.76 In 1891
nnd 1892 and to $1.75 and $I.CS for the next
two years. In the next year, after the
breaking down of the trust the rate was
$1.31. In ISM the rntlo bad fallen to $1.13.
The average for the ten years of the trust,
ns given by Lowden. ls $1.70. The average
ratio of losses paid to premiums exacted
for tho whole period covered by this table
was (0 per cent. In total figures, during
that period California people paid $117,921.
--099 and received back $17,199,100, the differ
ence, or t?0,024,984 representing the profits
paid to the companies on their business
here from to 1597, Including the yean
both before nnd after the ten years under
the Pacific Insurance Union, whose ex
tinction tho insurance writer who furnishes
theHa figures bitterly laments.
"Expert Lowden, deploring the termina
tion ol the old trust on behalf nf the Insur
ance Interests, says: The Pacific. Insurance
Union was established in ISSI, and the rate
columns for tho next ten years attest the
value of thut organisation to the under
writing Interests nf the Pacific coast."
"He further says various estimates havo
been made of the amount lost to the com
panies ln the past two years by the dis
ruption of the Pacific Insurance Union, but
nil that I have seen are based on the actual
ret lion In <he premium income. It is
qu te an • matter to figure that the
prentlUma hi 1595 were 11,680,000 less than
In !-:'(. aiid that 1896 showed a still further
re !l ■ ■■( t590.000. It ls equally easy to
ascei i 1 the entire coast figures show
a fall! ,: i mi 1896 of $l.S*i.ooO'and in 1896
of $3,800,0 frOBJ the figures of 1891, with
no material reduction in the amount writ
ten, lait does not tell all the truth.
If Wi bsire to estimate correctly the loss
cnus ! by] r e break, we must take Into
cr i leratyOn the Increased liabilities ns
gumod during the term, ascertain tho
bi bsl by this Increase, nnd add the
result trt the actual loss ln premiums. Let
v: i little figuring.
"TJ n Air Lowden, taking $1.70 'as the
a ago rate obtained on California busl
n ng tho compact period'—his own
nd calculating upon tho Increase
Of I ililhty for tho two years 1595 and 1896,
rem in s this result:
Li ! i i alliornlapremiums $4,912,209
1 In ;•• mlums outside state 1,464,341
Total $6,406,550
" 'The companies," Mr. Lowden continues,
'have Buffered to this extent in the past
two years.' In other words, that ls this
great Insurance authority's own estimate
of what the gain In two years Is to tho peo
ple of this coast from the destruction of an
Insurance trust.
"Coming to San Francisco's relations to
the Flro Insurance trust, Mr. Lowden, by
another table shows that the people of this
city In tbe period from 1575 to ISfifi have
Paid In premiums $48,933,839
Received on losses 11,726,665
Profits to companies $31,207,674
"By the same system of tables he shows
that on California business outside of San
Francisco insured persons have
Paid in premiums $63,541,375
Received on losses 31,043,104
Profits to companies. $32,498,271
"Concerning the desirableness of San
Francisco business from the Insurer's point
of view, Mr. Lowden says: 'The nvorago
loss ratio on city business for twenty-two
years was 29.9 per cent and on California
business outside of the city 48.8 per cent.
These facts strengthen the conclusion
reached nine years ngo when I presented
fdmllnr figures up to that date, namely,
tfaat San Francisco rates have been ex
cessive In comparison wllh the rest of the
state, and It Is safo to conclude that unless
this condition Is changed when reorganiza
tion ls effected we may expect a repetition
of our troubles arising from excessive com
petition for the desirable business.' "
"So you sec," said Commissioner Clunle,
'that whenever there Is any sort of an
Insurance trust ln existence the people suf
fer while the companies fntten, while when
ever an Insurance trust is terminated the
people who are their customers have the
benefit of reasonable rates.
"I would add," said the commissioner. In
concluding the Interview, "that our last
legislature passed a law authorizing the
formation by Insurers in the counties of tho
state, excluding the big cities, of county
mutual Insurance companies. These county
organizations have proved a great success
throughout the const wherever they have
been tried. Two have been organized by
the farmers of California, one in Sonoma
county and one in San Luis Obispo county."
Incorporations
The Southern Commercial company, Los
Angeles. Directors, C. B. Hewitt W T
Clapp. S. E. Hadley. G. B. Post, Pasadena'
»nd E. M. Durrant of this city. Canltai
Itock, $30,000; subscribed. $14,000.
The Santa Monica Bench Improvement
sompany. Santa Monica; $100,000; sub
icribed, $1100. Directors, Frank A. Miller
Roy Jones, F. P. Clark, J. Kurtz. W H*
Perry, M. H. Sherman. Robert F. Jones
3. H. Forbes. R. c. Olllls. Frank W. Rlch
trdson and Wm. D. Larrabee.
mortgages, $1000 and Over
(V. A. Lewis et al. to Mut. B. & L.
Ass'n of Pomona—Lot 12, MeComas
sub. of part blk 180, Pomona, 8 yrs,
8 per cent $1,000
GEO. A. DOBINSON
CONDUCTED
8. C. Kendall et al. to S. P. Jarvis—
Lola 113 and 24, blk 82, Long Beach,
3 yrs, 12 per cent 1.000
O. W. Lorbeer et al. to J. L. Hlmrod
—Lots 30 and 40, Pncllle Coast Land
Bureau sub. ot blk 152, Pomona, 5
yrH, 8 per cent 1.300
H. Maynard et al. to L. C. Gwynne—
Part lots 17 and 18. blk A, Lake
Shore trt, 2 yrs, 11 per cent 1,000
T. P. McCrea et al. to M. J. Park
hurst—Lot 3, blk 3, Alvarado lights
trt, 2 yrs, 8 per cent 1.200
Thirteen mortgages under $1000 (,125
Total $U,523
Releases, 81000 and Over
M. E. llaynes to C. H. Long et al.,
400-129 $1,100
M. K. ■cott to O. Ayers, 653-88 1,000
10. Allen to J. It. Millard, 447-168 1,000
\V. A. Hartwell to C. 10. Mitchell, 674
--275 1,000
T. S. Wadsworth to C. A. Holway,
637-266 2,000
l>. Penman to J. A. Brown, 582-811., 2,000
10. E. Spauldlng to J. H. Dorey, 302
--2781 1,5i)0
So. Cal, Loan Ass'n to C. E. Dona
hue, 253-23 2,200
Slate Mut. B. & L. Ass'n to T. P.
MeCren, 538-317 1.700
Fourteen releases under $1000 4.380
Total $18,080
Real Estate Transfers
TUESDAY, March 15.
J. Hart Io J. R. Nevln—Lot 15 and part
16. blk 131. Long Beach; $1250.
M. A. Schmltt to C. B. Sallec—Undivided
halt of lot 15, blk 29, Asusa; $1000.
I. <\ Daniels, guardian, to C. B. Snllee—
Undivided half interest in lot It, blk 29.
Azusu; $1000.
10. H. and M. S. Wlnans to F. A. Worth,
—Lots 3 and 4, Oaks tract; $1000.
C. L Patton lo J. Harper—Lots 15,16 and
17, Smith, .lames and J. A. tlafford's subdi
vision; $1000.
E. 11. and M. S. Wlnans to J. C. Lennox-
Part Sec. S 2 S. 13; $1000.
R. Garvcy to T. Sterling—Part Sec. 37) 1
S. 11; $3102.
J. C. Lennox to A. T. Plath—Agreement
to convey part See. 18 2 S 13: $1773.
E. L. Mullally to N. J. Mullally—Undi
vided half part lot 2, blk 40, Pomona; $1000.
A. Baggott et al. to A. C. Strain—Lots
1 to 6, 21 and 23, blk 2. Whittier; $2*oo.
S. P. and S. A. Mattison to C. 10. Bene
dict—Lots 19, 11 and 12, Mattison's resubdi
vlsion; $2700.
H. A. and Jennie A. Unruh to E. Feck
erwllh—Part lot 2, blk F, Ro Potrero de
Fellpo Lugo; $1730.
J. M. Miller to C. P. Miller—Lot 13 and
part 14, blk N, Knob Hill trt; $1750.
A. S. nnd L. S. Blackburn to t'. M. and
O. W. Stlmson—Lots 8 and 9, blk B, Lat
tin subdivision of lot 2, R. 10, anil lot 2. R.
11, Alhambra Addition tract: $2179.17.
E. B. and H. ft Stork to H. E. Tbomp
son-Purt Sec. 28 2 S. 13; $1000.
SUMMARY
Deeds 49
Nominal 33
Total considerations $28,651.98
'ON CHANGE
Conditions Shown by the Dealings on
Wall Street
NEW YORK, March 13.— The movement
of stock prices today was confused and the
market very puzzling. Decidedly lower
quotations for Americans In London caused
an unsettled tone at the opening. Prices
partly responded to the London initiative,
but did not go further than the London
pnritv. A furiotiß buying movement quick
ly developed, which lifted the level of the
whole market strongly above last night's
closing. The buying was most conspicu
ous In the local and industrial specialties,
but there Was a lack of strength in the
railway list, the Grangers being especially
strong. Heavy realizing met the advance
and wiped out a large part of it when the
first hour had expired. This was the most
active period of the day's trading. There
then ensued a slow and laborious recovery,
which developed higher prices than the
first spurt. And yet this second advance
also was wiped out ln practically all cases
except some of the specialties, and the day
shows net losses ln most of tbe standard
stocks extending to a point or over in some
cases. Thus almost the extreme range of
the market was traversed four times dur
ing the day. There was very little in the
news to explain these conflicting move
ments. Wall street opinions of the politi
cal outlook were, on the surface, less ap
prehensive. Tho movement of Spanish
fours In London and Paris, which partly
recovered after all early decline, reflected
a growth of similar opinion here. But this
was probably derived In part from the
strength of tho New York market and this
morning, London sold freely here on the
morning advance, and there was heavy
realizing besides, attributed to very power
ful bear market Interests. A number of the
Industrial stocks rose over two points, and
a number of tho railroad Btocks at one
time showed net advances of over a point.
The retrograde movement of prices seems
to be dissociated from any news of the
day. as were the advances. Realizing of
profits offers the only explanation.
Prices for foreign exchange moved to n
lower level today, ln spite of additional en
gagements of gold for Import. Besides
the engagement of gold for Import from
Europe to New York, a shipment of $2,000.
--000 was announced from Australia for San
Francisco. There was no easing of ihe
local money rates ln response to these
movements.
The bond market was strong up to the
closing, when prices eased off. In sympathy
with stocks. Total sales, $2,190,000.
United States new fours advanced 1%,
and the fives ft, and the old fours, regis
tered, ft bid.
Considerable excitement prevailed on the
wheat curb Into this afternoon. BttiTly
shaken by attacks made during the regu
lar murket session, thu bull element lost
entire control of the market after 2:14
oclock. Prices broke to 98ft for May,
agalrwt 99% at the regular close, and 1.00%,
tho highest for the day. There was no at
tempt made to chock the demoralization
of values. Wheat bought earlier ln the
day was hastily unloaded on the fast fall
ing market, and bear traders, encouraged
by reports that Letter had sold a million
bushels of May wheat, hammered away at
values with a vigor that has net been
equaled since the middle of last week. At
4 oclock the market was in a quieter mood,
with prices a fraction up from the lowest,
but still ln a very unsettled condition.
London Market
NF.W YORK, March 15.—The Evening
Post's London financial cnblegrnm says:
In spite of Lord Salisbury's Illness, the
stock mnrkets here opened better today,
In the absence of further disturbing news,
but on heavy selling of Spanish and other
stocks from Paris, all the markets
slumped. Americans at one time were very
flat. Spanish fours fluctuated between 52
and 5394. closing at 53.
Silver Bullion
NEW YORK, March 15.—Bar silver, 54%;
Mexican dollars, 44% c.
SAN FRANCISCO. March 15.—Bar sil
ver, 55; Mexican dollars, 45ft©46c.
CHICAGO MARKET
Prices and Prospects of the Trade in
Cereals
CHICAGO, March 15.—Wheat started a
little easier. Cables showed slight de
clines and Liverpool reported receipts con
siderably ln excess of normal require
ments. These were side issues, however,
the main reason for the shading of prices
being the large additions to the contract
stocks, about 837,000 bushels being added
to the stock in town today. July opened a
shade lower, at 86%086%, and, while offer
ings were plenty, the demand soon became
so strong that prices gradually advanced
and the market was strong for over two
hours following. Besides the natural In
clination of traders to play for a reaction
after the recent decline In prices, strength
shown by outside markets, especially In
New York, had a tendency to drive shorts
ln, and the urgency of this class of buying
Indicated that the market had been rather
oversold. Reports of continued drought
and unpromising outlook In California was
a bull help. July advanced to 88c. May
received the usual strong support from
Lelter, although It hardly needed it. There
was some short demand in this delivery,
resulting in an advance to 1.05. After noon
the market turned weak on Bradstreet's
report of the visible supply. Letter's brok
ers, who had been bidding 1.04 for May.
sold quite a lot of it when the price
reached 1.05, and this fact brought mil-
LOS ANGELES HERALD: WEDNESDAY MORNING, MARCH U, 1892
Hons of bushels of July on to the market.
As the shorts had previously been pretty
well filled up, prices dropped like a shot
to 86ft. The last few minutes of trading
were characterised by extreme nervous
ness und weakness. With almost no sup
port of consequence, July sank to 85; i, and
closed weak at 83%. May rested at 1.04,
and September declined to 77%, closing at
77%e.
Corn was firm until late in the day,
thuogh showing less animation than for
some time. May closed ftoftc lower.
Oats were stagnant. Prices declined near
the olose>. May closed fte lower.
Light hog receipts made a rather firm
provision market during the morning. The
ClOSe was rather easy. May pork closed
2fto lower. May lard unchanged, and May
ribs 2ftc 'higher.
SAN FRANCISCO MARKET
Call Board Dealings and Prices of
Produce
SAN. FRANCIBCO, March 13.—AVheat—
Dull; December, 1.33 ft; May, 1.40 ft.
Barley—Easy; December, 97%; May,
I.oßft.
Corn—Large yellow, 1.0501.07 ft,
Flour—Family extras, 4.5504.65; bakers'
extras. 4.3004.40.
Wheat-Shipping wheat, 1.40®1.41ft for
No. 1. and 1.42 ft for choice; milling, 1.430
1.30.
Barley—Feed, good to choice, l.O7ft01.1O;
fancy, 1.12ft®1.16| brewing. 1.17ft01.20.
Oats—Poor to fair. 1.130 1.17 ft: good to
choice, 1.2001.25; fancy feed. 1.27 ft; gray,
1.1601.20; milling, 1.2001.25; surprise. I.27ft<S
1.3.7; liluek for seed. L8601.60| red, L 8501.411
Hay—Wheat, 17.30fi22.00; wheat and oat.
17.001(21.50; best barley, 15.00017.00; alfalfa,
10.60011.60; clover, 12.001(13.50; slock, 12.030
13.60.
Millstuffs—Middlings. 20.00ffj22.30 per ton;
bran, 18.00@16.50.
Dry Benns-link. 2.26(92.50! Lima, 2.00fi
2.15{ small white, 1.5501.63; large white,
1.50*71.85,
Potatoes—Early Rose, 631(775 per cental;
River Burbanks, 50®96c; River Reds, 50®
60c; Oregon Burbanks, 60®90c.; Merced
sweets, 73001.00.
Vegetables—Onions, 2.0002.30; per eenatl;
hothouse cucumbers, SOclil.OO; garlic, ilWui
4c; green peas, 3'u:lft( : string beans, 15c
per lb.; asparagus. 809 c; egg plant. 150
20c; tomatoes, 1.2501.60;.
Citrus Fruits—Navel oranges. 1.2502.76
Mexican limes, repack, 5,0005,60; com
mon California lemons, 5Or01.OO; choice,
L 2501.75.
Butter—Fancy creamery, 18c per lb.;
do. seconds, 16ftfil7c; fancy dairy, lOVic; do.
seconds. 15016 c
Eggs—Store. lKtllftc per dozen; fancy
ranch. llftol2fto.
Poultry—Turkey gobblers, 9011 c per lb.;
old roosters, ft,75(6/4.00 per doz.; vuung roost
ers, 6.6007.60; small broilers, 3.5001.30;
large broilers, 5.001(5.50; fryers, 6.0006.50;
hens. 3.501(4.50; old ducks. 4.0005.00; geese,
1.50(1(1.75 per pair; old pigeons, 1.25; young
pigeons, 1.501(2.25.
Dried Fruit Prices
NEW YORK, March 15.—California dried
fruits quiet but firm.
Evaporated apples—Common. SUBc per
pound; prime wire tray, Bftoß%c; wood
dried, prime. SftltSfto; choice, B%®9ftc.
Prunes—3ftli sc.
Apricots—Royal, sft©7c; Moorpark, Bfto
10c.
Peaches—Unpecled, 509o; peeled, 12©17! c.
Kansas City Live Stock
KANSAS CITY, Mo., March 15.—Cattle-
Receipts, 7300. Best grades steady; others
slow. Texas steers. 8.50(3)4.501 native steers,
3.2504.45; native cows and heifers, 2.fir>ff
4.30; stoekers and feeders. 3.25(1(3.20; hulls,
2.8608.10.
Sheep—Receipts, 4000. Market steady.
Lambs, 4.8005.25; muttons, 3.25871.65.
Petroleum
OIL CITY, Pa., March 15.—Credit bal
ances, 78c; certificates closed 7714 c bid for
Cashj total sales. 17.000; shipments, 91,168;
runs, 108,863 harries.
Local Quotations
BUTTER—Extra local 32-ounce Bquares,
firm at 45047ftr; fancy creamery, north
ern. 32-oz. squares, 40042ft0; dairy, 32-oz.,
37',if!40c; dairy, 28 oz., 32ft1i35c; fancy tub,
per lb.. 21 (it22c; process, 18019 c.
EGGS—Choice to fancy ranch, 10011 c.
CHEESE—Martin's New York Cheddars,
per lb., 14c; eastern, full cream, per lb.,
13i£13ftc; California half cream, per lb., —;
coast full cream, per lb., llftc; California,
Downey or Anchor, per lb.. 12fte; do. Young
America, per lb., 18ft; do. 3-lb. hand, per lb..
14ft; domestic Swiss, per lb.. 17c; Imported
Swiss. 22(1(23; Edam, fancy, per doz.. 8.50.
POULTRY—Per dozen: Hens, 4.001(75.00;
young roosters, 3.7506.00; old roosters, 4.00
04.60; broilers, 4.500 5.00; fryers, 5.00(56.00:
ducks, 5.001(6.00; turkeys, alive, per lb.,
(20140; dressed, 150160; geese, apiece, 1.00
01.50.
POTATOES—Per 100 lbs.: Common. 900
1.00: Early Rose, seed, 1.0001.10; Burbank,
L 0001.30; sweet. 1.0001.25.
VEGETABLES—Beets, per 100 lbs., 75c:
cabbage, per 100 lbs., 65c; red cabbage, per
doz., 50075 c; carrots, per 100 lbs., 75c;
chiles, dry, per string, 75085 c; Mexican,
per lb., 10011 c; green, per lb., 25c; gar
lic, 6®7c; onions, 2.5003.50; do. green, per
doz,. 30c: green peas, 3©4e; turnips, 85c;
Hubbard squash, per 100 lbs., 85c; parsnips,
9Oc0t.OO: leeks, per doz., 20c; parsley, 35c;
radishes, 25c: callflower, 30c spinach.
20c; celery, 45050 c; tomatoes, par box, 1.25
©tso.
GREEN FRUITS—Fancy apples, 1.25©
1.60 per box; choice, 75c©1.00; poorer
grades, 25075 c; bananas, per bunch, 1.50®
2.00, crates extra; pineapples, per doz., 5.00
06.00; Winter Nellls pears, box, 1.6001.75;
coconnuts, 9Oc01.OO; guavas, per box, 607 c.
CITRUS FRUITS—Fancy navels, 1.750
2.00; choice. 1.50®1.75; fancy seedlings, 1.60.
Lemons: Cured, fancy, 1.5001.75; choice,
1.00; green lemons, 75c. Grape fruit, per
box, 3.0004.00.
RAISINS—Fancy clusters, 20-lb, boxes,
2.00; 4-crown LL clusters, 1.75; S-crown LL,
per box, 1.35; 2-crown, loose, In sacks, per
lb., 4c; 3-crown, loose, ln sacks, per lb.
sftos%c; 4-crown, per lb., sft©6c; Sultana
seedlings, per lb., 7ftoSc; in boxes, fte
higher.
DRIED FRUITS—Apples, sun dried,
sacks, per pound, 6%®6c; evaporated,
fancy, So9c; apricots, fancy, 8c; choice, 70
7ftc; peaches, fancy, unpeeled, 6c; pears,
fancy evaporated, B©lo c; plums, pitted,
choice. 9010 c; prunes.cholce, boxed, 7ft@9c;
sk., 4©6 c; dates, 6®6ftc; silver prunes,
choice, sack. 7ftoßc; boxes. 9010 c; figs, Cal
ifornia white, per lb., 6©6 c; California
black, per lb., 605ftc; California fancy, per
lb., 7HOBc; imported Smyrna, 12ft015c.
BEANS AND DRIED PEAS—Pink, 3.250
3.40: Lima, 2.0002.23; Lady Washington, 1.80
01.90; small white, 1.9002.00; green Held
peas, 2.6002.75; black-eyed beans, 2.00; gar
vancos, 3.5003.75; lentils, imported, 7.00©
8.00; lentils, California, 3.5004,00.
NUTS—Walnuts, Los Angeles, 405 c; me
dium soft, 607 c; soft shell, Los Nletos,
fancy, 8c; almonds, soft shell, 10011 c; pa
per shell, 11012 c; hard shell. 8010 c; pecan's,
10012 c; Alberts, llft©l2c; Brazils, 11012 c;
pinons, 11012 c; peanuts, eastern, raw, 6ft
©7c; roasted, B©Bftc; California, raw, 4©se;
roasted, 6ft©7c.
MILLSTUFFS—FIour, local mills, 4.80
per bbl.; Stockton brands, 5.00; 0reg0n,4.85;
eastern, 5.7506.60; shorts, ton, local, 24.00;
rolled barley, per 100 lbs., 1.20; cracked
corn, per 100 lbs., 1.10; feed meal, per 100
lbs., 1.20; bran, per ton, 22.00; graham, per
100 lbs., 2.30.
HAY—Wheat, per ton, 16.00019.00; barley,
15.00018.00; oat. 16.00019.00; alfalfa, baled,
14.00016.00; loose, —; straw, 3.3004.00.
HONEY AND BEESWAX—Honey in
comb, 709 c per lb.; strained, 405 c; bees
wax, 20025 c per lb.
GRAlN—Wheat, No. 1, 1.66; No. 2, 1.40;
corn, small yellow, 1.10; large yellow, 1.05;
barley, common, 1.10.
DRESSED MEATS—AII per lb.: Beef,
No. 1, 7c; No. 2, 6ftc; hind quarters, No.
1, Bftc; hind quarters No. 2, 8c: ribs of beef,
9c; veal, 70Sc; mutton, 7ftc; lamb, 8c; pork
loins, Sftc; legs of pork, Bftc; pork spare
ribs, 6c; pork tenderloins, 16c.
CURED MEATS—Rex hams, lOftc; pic
nic hams, 8c; No. 2, B%c; select mild cure,
9c; special fancy breakfast, 12c; special
breakfast bacon, llftc; Rex bacon, lOftc;
Rex boneless hams, sugar cured, 9c; Rex
boneless butts, —; summer sausage, 15c;
Rex dried beef lnsldes, 15ft; Rex dried out
sldes, —; smoked tongues, 60c; Diamond
C breakfast bacon, backs, per lb., 9c; bacon
bellies, 9ftc; light medium bacon, 9ftc;
medium bacon, Sftc; dry salt clear bellies,
16-26 ay., Sftc; dry salt clears, 850140 avg.,
7%c; salt clear backs, 7c.
LARD—Rex pure leaf tierces, 7o; pure
leaf, 0c; ivory, tierces, 6fte; cottolene,
tierces, 6ftc; Rexolene, tierces, 6ftc; spe
cial kettle rendered lard, 7ftc; Orange
brand. 60s, 6%c; 10s, 7ftc; 6s, 7fto; Ss. 7ftc.
TALLOW-Per lb., 3%©4ftc.
WOOL-Nomlnal.
LIVESTOCK—Per lb.: Beeves, 2%©3%
--hogs, 4V4o4ftc; lambs, per head, 2.0002 56
sheep, per cwt., 2.6008.76; calves, per lb.,
3fto4e.
HIDES—Dry (as they run), 15e; do. kip,
12c; do. calf, 18ftc; bulls, 7c; salt steer, 6©
6c; do. stags and bulls, 8c; cowa, 4ft@6ftc;
sheep skins, 205 c
BheumatlsiniCure is guaranteed to be absolutely
harmless, and a strong tonic in building up the weak
md debilitated. It cures acute or iiiiikcuLar rbeuma
:lam Id from one to five day*, [Sharp, shooting pains
n any part of the body stopped In a few doses. A
prompt, complete and permanent cure for lameness,
torenesa, stiff back una nil pains in hips and loins.
Jbronic rheumatism, sciatica, lurnhnco or pain lo
na biiolt are speedily cured. It seldom rail:; to give
relief from one 10 two doses, and almost invariably
Mires before one bottle has been used, The Munyon
Itemedy Company prepare a separate cure for each
UsenKO. At all druggists— iKcenisn vial. Ifyounerd
uedlcal advice- write Prof. Munyon, ÜBt Arcb
WEATHER AND CROPS
Conditions Prevailing Throughout
Southern California
Following ls the United States depart
ment of agriculture climate and crop ser
vice, weather bureau, weekly crop bnlb'tln
for Southern California:
The continued dry weather was hroßen
on thi' lot Ii by a, general rain, ranging
from a few hundredths of an inch in the
northern sections to more than two inches
in tin- mountain regions of the southern
portion. Much of the benefit of this rain
was dissipated by a heavy "norther" on the
I.lth. but grain and hay will do well for
ten days or two weeks without more rain.
Tho rain was followed by cooler weather
and frosts, quite sharp in some places.
Apricots, nectarines and peaches tire in
full blOOnt; cherries and prunes are begin
ning to bloom and oranges are budding.
Extracts from correspondents' reports
by counties:
RAN LUTS OBISPO
Tho rainfall on the loth was .12 of an
Inch.
SANTA BARBARA COUNTY
Carpentorla—There were light showers
of rain Wednesday night and Thursday
morning.
VENTURA COUNTY
Bardsdale—Light showers fell enrly in
the week, enough to carry the grain
awhile, but was of no general benefit.
West Saticoy—Rain fell on the loth,
amounting tn .12 of an inch, lint high winds
practically destroyed lis benefit. Crops
neev] rain badly.
I.OS ANGELES COUNTY
Los Angeles City—Rain fell on the 10th.
nmounting to half an Inch, which makes
4.82 inches for the season. The good effects
of the rain were greatly nullified by dry
ing land winds which followed.
Fnlrmount—Nectarines and peaches be
gan to bloom on the Bth. being one week
earlier than In 1890 and twenty-seven days
earlier than in 1897. There was a frost on
the morning of the Uth. but fruit was not
Injured. Tho rain of the loth will carry
grain along a week or two longer.
Long Beach—Tho rainfall was .40 of an
Inch; prospects for a hay crop are bright
er. Farmers at Los Alamltos are getting
the ground ready for tho sugar beet crop;
the soil Is In good condition.
La Canyada—The weather wns cool and
partly cloudy, with .42 of an Inch of rain
on the 10th and .04 of an Inch on the l.'lfn.
AH vegetation Is looking well. A heavy
north wind blew nearly all day Sunday.
Pomorat—There was much cloudy weath
er, wilh .43 of an Inch of rain on the 10th
and .00 on the Kith, making X.or, for the
season. There, was a light frost nn the
morning of the 11th. anil epilto a heavy one
on the 14th. The late rain and COOI weath
er will make fair crops of hay In many
places.
SAN RERNARDINO COUNTS
North Ontario—The rainfall for the week
was .77 of an inch, making s. 12 fur the sea
son. The rain has helped the barley crop
so that without any morn there will be a
fair crop. Peaches and apricots are in full
bloom; cherries and prunes an iust begin
ning to bloom: oranges are budding.
RIVERSIDE COUNTY
Elsinore—The rainfall on the 19fh
amounted to .41 of an Inch. There was a
heavy north wind on Friday, which dried
up the moisture very much.
Corona—The rainfall on the 10th amount
ed to .50 of an inch, making 4.71 inches for
the season.
ORANGE COUNTY
Fullerton—The past week was cloudy,
with light rain on the 10th, amounting to
.73 of an inch, making 2.34 inches sine-" Jan
uary Ist. Grain will continue growing for
two weeks, but will make little hay or
grain without more rain.
Westminster—The lirst of the week was
cloudy and threatening. Wednesday and
Thursday showers fell, amounting to a
little over half an inch. Barley and pas
ture looks much brighter. The weather
was bright nnd clear at the close of the
Week, but with light frosts at night. More
rain is needed to insure a susrar beet crop.
Short barley and hay crops are Indicated.
Caplstrano—A few drops of rain fell,
barely sprinkling the earth. Unless with
in ten days we get an appreciable rainfall,
non-irrigated land will hardly produce nay.
SAN DIEGO COUNTY
San Diego City—The temperature was
nearly normal. The rainfall of the 10th
and 11th was very well elistributed
throughout the country. In many instances
It was the salvation of the grain crop.
GEORGE E. FRANKLIN,
Local Forecast Official, Weather Bu
reau.
AN OUTBURST OF PATRIOTISM
Caused by the Singing of "The Star
Spangled Banner"
During; a sacred concert given at the
Denox lyceum last night a special and
prolonged demonstration of enthusiasm
was caused by the singing of "The Star
Spangled Banner." The concert was given
for the benefit of St. Mary's home by the
Seventy-first regiment band, directed by
F. Fanclulli. The sale of tickets had been
large, but the terrible weather kept away
many purchasers, and not more than 1000
or 1200 people were present.
Miss Helen Jenynge sang the trla. "Ah,
Non Credea" from "Sonnanibula." For an
encore she gave "The Star Spangled Ban
ner." When she began the familiar air
NERVOUS PROSTRATION.
A New Jersey Woman Espressos
Her Gratitude to Mrs. Pink
bam for Belief.
" Will yon kindly allow me," writes
Miss Mary E. Saidt to Mrs. Pinkham,
"the pleasure of expressing my grati
tude for tho wonderful relief I have
experienced by taking your Compound?
I suffered for a long time with nervous
prostration and
Am general debility,
bW |*4 caused by falling
fl I&vSmHh of the womb, it
seemed as though
m\ f—WM my back would
■ Llsßlllll
fiSlk lcould
had dull
MmmWmmW mt headaches,
fl nmW I was weary
uWFstSr all the time,
and life was a
Wt burden to me.
w |sm I sought the
JRhI iim seashore for
H relief,
/■JI H * n ° v
m y return
mp resolved to
* V ' I give your
medicine a trial. I took two bottles
and was cured. I can cheerfully state <
if more ladies would only give your
medicine a fair trial they would bless
ths day they saw the advertisement, and
there would be happier homes. I mean
to do all I can for you in the future.
I have you alone to thank for my re
covery, for which I am very grateful."
—Miss Mabt E. Saidt, Jobs town, N. J,
and words there was an apparently invol
untary outburst of applause all over the
house. She sang with fire and spirit, which
stirred the audience thoroughly, and was
acoompanied by the band. Many persons
Joined in the refrain, and each verse was
followed by a long storm of applauding.
At the ond the applau*e was faster and
longer than ever, and was suspended only
long enough to allow the last verse to be
sung again and then resumed and contin
ued for several minutes. Hundreds joined
in with Miss Jenynge and the band ln tho
two lines:
"And the star spangled banner in triumph
shall wave
O'er the land of the free and the home of
the brave."
Miss Jenynge seemed to be inspired by
the general enthusiasm and rendered the
song magnificently and evidently with her
whole soul..—New York Times, Feb. 21.
Cheers for the Stars and Stripes
At the close of the performance of "A
Normandy Wedding" at theHerald-SQUare
theater last night, Miss Dorothy Morton
sang a patriotic song about the Maine and
"Old Glory." When .'he reached the choru3
Richard [•'. Carroll marched on, waving the
Stars and Stripes, followed by six chorus
men made up as American man-o'-war
men. The song was enthusiastically cheer
ed by the au lence.
De Wolfe Hoper appeared at the Fifth
avenue theater last night in "El Capltan."
At the close of the second act there was a
grand march on the stage supposed to be
by the Spanish soldiers.. It was led by tho
Seventh regimen! l>a,nd. When the Spanish
Hag was brought on it was received by the
e.udience in silence, but there was no hlss
ln.tr. When the United States flag came on
and the band struck up "Stars and
Stripes Forever," the audience stood up
and cheered and shouted for several minu
tes, waving th.c small American
which had been given the audience as they
entered the theater by the thoughtful press
agent.
At the close, of the act the curtain was
rung up a dozen times, and Mr. Hopper and
his wife were loudly applauded. Finally
Mr. Hopper made a brief speech, In which
be said that while we all thought that war
wiilt Spain Was a. very remote possibility,
and no one wished for war. yet it was grat
ifying to see that In the Empire City there
was such patriotism and that the mean
ing of the Stars and Stripes had not been
forgotten.—New York Herald, Feb. 22.
Rising Land at Hudson Bay
The rapid rise of the land about Hudson
bay is said to bo the most remarkable grad
ual upheaval of an extensive region ever
known. Driftwood covered beeches are
now twenty to sixty or seventy feet above
the water, new islands have appeared, and
many channels and all the old harbors
have beceune too shallow for ships. At the
present rate the shallow bay will disap
pear in a few centuries, adding a vast area
of dry land or salt marsh to British terri
tory in America.
Greedy Little Fish
The Utile fish known as minor's thumb—
the fresh water sculpin—is one of the nnt
ural checks on the overproduction of tiout
and salmon. it eats the and the
young Ash. It is found in all trout waters
as fast as examined. It is very destructive.
At an experiment once made In the aqua
rium of the i'nited States fish commission
in Washington a miller's thumb about four
and one-half inches long at© at a single
meal, and all within a minute or two,
twenty-one little trout, each from three
quarters to an Inch In length.
Everything useful or necessary is cheap
est; walking is t,he most wholesome exer
cise, water the best drink, and plain food
the most nourishing and healthy diet
even in knowledge, the most useful is the
easiest acquired.
The man with plenty of push is usually
successful, hut he isn't in it with the man
who has a pull.
■ STEINWAY PIANOS jj
i Sole Agency p
@ Bartlett's Music House ji
£j Everything In Music I
»1 233 S. Spring St. Established 187' »
Kirl^JfsifiaiElMi^^
THree BeanHltii Women j
TO THEIR LESS FORTUNATE SISTERS
A SURE ROAD TO BEAUTY
; The Misses Bell, of No. 73 Fifth Avenue.New
York, now offer the public generally the
Complexion Tonic which they have so long
used successfully in personal treatment.
TOE MISSES BELL'S
complexion Tonic
has almost immediate effect In clearing and
brightening the skin. It is nota cosmetic, as
, it does not cover up tho blemishes as powders
' and pastes do, but is a colorless liquid that,
when applied to tho skin, docs 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 oillness or redness in the skin, its
, use is so simple that a child can follow direc
! tions snd get the best result. The Misses
Bell have placed the priced their wonderful
Complexion Tonio at 81.C0 per bottle, which
: is sufficient to clear the ordinary skin.
ONE BOTTLE COSTS YOUNOTHINO
if the effect is not exactly as claimed, so that
i | you take no risk in sending for it.
The price, $1.00, places it within the reach
of all. It will absolutely clear a poor com
; plcxion and beautify a good one. This gen
-1 emus offer 6hould be ftocepted by all.
Ladies can address Tho Misses Bell on all
matters of the complexion end hygiene in the
• strictest confidence, nnd satisfactory advice
will be given promptly without charge. An
interesting pamphie* will bo sent upon re
. celpt ol stamp.
Address nil communications ana send all
orders to The Misses Bell, or
i THE BELL TOILET c©.
No. 78 Fifth Ansae, New York.
A Book, 348 Pages, Invaluable to invalid
By the FOO 3b WING HfCKB CO.
908 Eouth Olive St. Los Angeles, Cal
'Le'tmag.
Diagnosis and Examination Free
Ziska Institute
1718 Sacramento Street,
Hear Van Nest Aye.
Hone aid Day School for GlrU
From Primary through Collaj late work. 8a
Krlor advantages la Languages and Muslo
dividual attention. Biafiu chutes. Saeet*
Students ad > itted.
MM* a. aiKJL. A. M, Principal,
THE VCRDICT^REIMDCRCD
An overwhelming amount of evidence, testimonials from an
army of people who have been cured by the English and
German Expert Specialists, has convinced the public that
these great physicians, "The Doctors that Cure," are masters
of Catarrh, Consumption and Chronic Disease.
MP CATARRH $2.50 A MONTH ft"""
Staff of the English and German Expert Specialists
Incorporated under the laws of California for $230,000. Eestabllshed twenty-five year*
You will be safe if yon place yourself ln the care of the English and German Ex
pert Specialists. They are careful, conscientious and competent doctors. By making
many wonderful cures of all manner of Chronic Diseases, and their fair business
methods, they have become famous and popular.
Consultation and Advice Free
English and Qerman fnxpert Specialists
318 S. Broadway, Los Angeles
First building north City Hall.
OFFICE HOTTBS—9 to 12, Ito i, daily; Evenings, 7to 8; Sundays, 9to tt,
ODDEST AND LARGEST BANK IN SOUTHERN CALIFORNIA.
pARMERS AND MERCHANTS' BANK OE LOS 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. W. HELLMAN, JR., H. W. HELLMAN,
A. GLASSELL, T. L. DUQUE, 1 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.
JHE NATIONAL BANK OE CALIFORNIA
At Los Angeles
Capital and Profits, $270,000.00
DIRECTORS
OFFICERS S. C. HUBBELL. T. E. NEWLIN,
S. C. HUBBELL President O. H. CHURCHILL, J. M. C. MARBLES,
O. H. CHURCHILL, First Vice-President O. T. JOHNSON, JOS. D. RADFORD,
O. T. JOHNSON Sacond 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. MARBLES,
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. BONEBRAKE President WARREN GILLELEN....Vice-PresldenV
F.C.HOWES .■ Cashier E. W. COE Assistant Cashier
DIRECTORS
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.
SECURITY SAVINGS BANK,
Corner Main and Second Streets
OFFICERS DIRECTORS _
- ■ H.W. Hellman, J. F. Sartorl.W. L. Graves,
J. F. SARTORI President H. J. Fleishman, C. A. Shaw, F. O. John-
MAURICE S. HELLMAN.VIce-Presldent son, J. H. Shankland, J. A. Graves. M. L.
W. D. LONGYEAH Cashier Fleming, M. S. Hellman, W. D. Longyear.
Interest paid on term and ordinary deposits
Money loaned on first-class real estate
| piRST NATIONAL BANK OF LOS ANGELES
CAPITAL STOCK $400,000 Surplus and undivided profits over $250,000
J. M. ELLIOTT President W. G. KERCKHOFF Vice-President
FRANK A. GIBSON Cashier W. T. 8. HAMMOND...Assistant Cashier
DIRECTORS
J. M. Elliott, J. D. Bicknell, 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.
fy|AIN STREET SAVINGS BANK
Capital paid up 8100,000
Junction of Main and Spring and Temple sts. (Temple Block), Los Angeles.
OFFICERS AND DIRECTORS—T. L Duque, President; £N. Van Nuys. Vice*
President; B. V. Duque, Cashier; H. W. Hellman, Kaspare Kohn, H. W. O'Melveny,
J. B. Lankershlm, O. T. Johnson, Abe Haas, W. G. Kerckhoff.
Money loaned on real estate. Interest paid on term and ordinary deposits.
LOS 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, LW. Hellman, jr., W.
M. Caswell.
Interest paid on deposits. Money to loan on first class real estate.
QERMAN -AMERICAN SAVINGS BANK
Paid up Capital and Profits, 3145,400
COR. MAIN AND FIRST STS. Victor Ponet, President; L. W. Bllnn and C. J*
Flint, Vice-Presidents; M. N. Avery, Cashier; P. F. Schumacher. Assistant Cashier.
Interest paid on deposits. Money loaned 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 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 EXECUTED
Dally report mailed upon application. F. P. BURCH & CO.
fwf.iecj JCe I rttttr Bookbinders and . ? i 1
Uldba <X JLUlig Blank Book Manufacturers
213-213 NEW HIQH ST. Los Angelas *hm,*>t>
New York Specialists
We are pre-Eminent in Diseases of
Men OniySsr""'
33QW S. Main St., Los Angeles.
Allen's Press Clipping Bureau
223 West Second Street
liOS Angeles, Cal.
Furnish advance reports on all contract work,
•uch as sewers, reservoirs, irrigation and pump
ing plants and publlo buildings. Personal oUp.
pings from all papers in the United states.
Perry, Mott & Oo.'s
Lumber Yard . .
AND rr.ANIHU MILL
ill Coeuserchu Street.. Us Asgelei. Cat
CPTkCCr Treatment at the to» Ang«le*
rlirr DUpousary. No chartte except
IHI I actual cost of medicine used.
Physicians all graduates of lead
ing colleges. Specialties—
PATADDH Diseases of women and child
uninnnil n n, all Chronio and Nervous
Diseases. Office hours—9 to 12, Ito 6, 7to 8:
Sundays, 10 to 2. Rooms 6 and 7,
No, 273 South Main Street
rtt« ♦♦♦♦»♦♦♦♦»'♦♦♦♦♦♦♦♦♦♦♦>
issi Crystal Palace I
- ... is now open ... ::
Meyberg Bros. 343-345 s. Spring st. ::
Baker Ironworks
960 to 960 Buena Vista Street,
LOS ANOKf.ES, , . . CAL'TOBUS**
ftStsaadj, 2*i.m.
9