The herald. [microfilm reel], March 18, 1898, Page 9, Image 9

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

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THE INVESTOR
OFFICE OF THE HERALD,
LOS ANGELES, March 17, IS9B.
"Agreeable advice ls rarely useful ad
vice."
The eastern flnnnclal papers aro natur
ally full of discussions concerning tho In
fluence of the war rumors upon the situa
tion, and there Is a general agreement ln
the sentiments expressed by the financial
editor of the New York Herald, who re
marks: It wus Zoroaster who first said:
"When In doubt abstain," but millions who
never heard of the renowned wisdom of
tho Mngl have evolved the maxim from
their own experience. Investors just now
are In eloubt us to tho outcome of the ex
citement over Cuban affairs, and so they
abstain from buying securities, leaving the
mnrket to drag und sag under liquidation
and selling for short account. Among
bankers and moneyed interest;! one con
stantly hears tho remark that the catas
trophe to tbe Maine cannot bo a cause of
war, but that it accentuated a sltuntlon
already approaching a serious stage. Hence
the dally news of our own government
and that of Spain pressing forward with
warlike preparations disposes cautious per
sons to refrain from extending new e;redlts
or Incurring new liabilities, nnd to gener
ally contract rather than expand their op
erations. Preparation for war ls often the
best guarantee of peace, but It ls not in
human nature to witness the preparations
without picturing the possibilities of a con
flict.
000
The auditor of public accounts reports
that the business of GB2 building and loan
associations in Illinois for 1897, ns com
pared with tho business of 718 associations
for 1896, shows that in 1897 tho receipts ag
gregated $43,049,001, while In IS9G they ag
gregated $40,130,382. In 1897 installments re
ceived aggregated $14,236,837, while tn 1596
they were $16,684,019. Louns repaid and ma
tured in 1897 were $16,050,081, and ml 1896
they were $16,421,214. Loans to stockhold
ers In 1897 were $11,199,028, while; in 1896 they
were $16,381,009.34. Installments on stock
withdrawn or matured ln 1897 were $IG,-.
615,468, and ln 1890 $15,G34,929. Profits on stock
Withdrawn in 1897 wero $5,059,547, and ln 1896
$4,834,147. Real estate in 1897, $3,226,111; ln
1896, $2,788,719.
000
According to the Journal of Commerce
the fire loss of the United States and Can
ada during the month of February proved
unusually heavy. As compiled from daily
records, It amounted to $12,029,300. It became;
apparent early in the month that the under
writers were suffering an abnormal loss,
and the great Increase; will bo seen from
the following comparison:
1890. 1807. 1898.
January $11,040,000 $12,049,700 $ 9,472,500
February.... 9,730,100 8,076,750 12.029.300
Totals ....$20,770,100 $20,720,450 $22,101,800
000
Just at present the mnrket for cheese Is
In a demoralized condition, brought about
In the main by overproduction. With suedi
a condition of affairs confronting them,
the Utica board of trade decided, at a spe
cial meeting held in Utica on Tuesday, to
defer opening the cheese factories anel
creameries until May Ist. Prices are; lower
at this time than they have been for
twenty years. Similar action has been
taken by tho Canadian dairymen.
000
Efforts to form a combination of the
leading wire and rod concerns of this
country have failed, owing to disagree
ments over the valuations of some of the
properties which were to have been pur
chased. Another attempt will be matlo to
consolidate some of the; companies origin
ally interested In the project.
000
An association has been formed in Paris
for exploiting the new method of purifying
Water by means of electricity, which Drs.
Tyndal and Roux have Indicated.
000
Sugar merchants In New York, generally
Well Informed as to tho progress of this
Benson's Cuban sugur crop, estimate
that tho total yield will be any
where between 225,000 and 300,000
tons. The visible production of
sugar ln the Island to March 2d ls said to
be 150,000 tons, against 50,697 tons last year.
The number of plantations grinding at
present are 103; last year this time there
were only 64.
Savings Banks Facts
An excellent showing is made In tho re
port of tbe savings banks of New York
state for the year 1897, which has Just been
submitted to tho legislature by Superin
tendent Kllburn. The total amount due
depositors on January Ist last was $706,
--684,910, which represented an Increase of
$48,508,027 as compared with January 1,
IB9U, or over $22,000,000 ln excess of the; gain
for the year preceding. Tho gain ln re
sources was almost twice as great ln 1397
as ln 1896, that In surplus considerably more
than three-fold, and that ln open accounts
more than GO per cent. The number of
open accounts on January Ist represented
27.75 per cent of the entire population of the
state, although some depositors had ac
counts ln more than one bank, and the
golnt Is mado ln the; report that if there
c deducted from the population of the
sixty counties of the state that of the
twenty-nine counties which contain no
savings banks, and from which few depos
its are made, almost one ln three of the
people of the communities where such'tn-
Btltutlons are established ls a depositor
tn a savings bank. Of the 131 savings banks
In the state, not one failed last year, and
only one showed a condition Indicating a
probably hopeless struggle for existence.
Three new safe deposit companies were
organized In the state and one went out
of existence during the year. There are
ut present twenty In the state. Five new
trust companies wero organized, making
the total number ln operation forty. TaEon
altogether, the list of financial Institutions
organized In the state last year was unex
ampled during recent years. The trust
companies were very prosperous, showing
increases of $77,000,000 In deposits, $2,500,000
In undivided profits, $4,500,000 ln their sur
plus and $6,000,000 in their totals reserves.
One of the most interesting class of In
stitutions organized under recent legisla
tion In Now York comprises the associa
tions organized under an act of 1895 to loan
money upon personal property. The act
In question confers pawnbroking powers
on these associations, and also in effect
legalizes usury on chattel mortgages ln
counties containing a city having a popu
lation of more than 25,000. It appears that
no class of institutions under the supervis
ion of the banking department makes any
thing like the percentage of profits that
Is shown by these loon associations.
rhe superintendent renews his argument
Si.«tL~ ee ar,r ln , opposition to the taxation
?S po * its - and suggests that
S'-YTrKS of the law should be changed
so as to leave no doubt that the surplus
f on° f Vlnea banks » re ™mp
Jh?,™,., u tlon '. He urßOS ' ln touching upon
the quest on of taxation as related to sav
ings bank deposits, that the continued
downward tendency of interest rates
Bhould not be overlooked. He oolnts out
that securities of the high ch,ss P to which
nnedTy^!^
rates, forces the apprehension that In The
not remote future the rate of dividend*
depositor he suggests, should have Its
proper weight in determining to what tax
atlon he shall be subjected of wha?exemol
tions he shal be permitted to entovT -JK
he adds that If the savings bank "s to hold
Its present Important relattonln the econ
omy of the state, its depositors cannot su£
render upon reduced dividends the wIT
rates of taxation to which "he rlport of the
state board of tax commissioners testifies
plac a es S ° U<rht t0 SUbjßct th «» »f ««sS
r. T ,l?™ilf, a<J .«°' the N i w York banking de
partment is opposed to the plan for a
postal savings bank system which has been*
GEO. A. DOBINSON
CONDUCTED
brought forward recently, as lacking two
essential requirements. The plan, he says,
would fall to provide un entirely safe in
vestment of deposits and would afford an
Inadequate guarantee ugalnst the danger
of trusting so delicate a business to public
officials inexperienced In banking. Mr.
Kllburn Is also opposed to the proposition
compelling savings bunks to publish an
nually a list of all dormant accounts, hold
ing that such publication ls entirely un
necessary. Tho accounts ln question, he
says, amount to only ona-fifth of one per
cent of the liabilities of savings banks.
Attention is directed to the decision of the
supreme court of the United States, In the
case of the Elmira Savings bank against
the failed Elmira National bank, to tbe
effect that a savings bank deposit is not
a preferred claim against a national bank.
This decision, the superintendent says, cre
ates a condition calling for legislative ac
tion. No savings bank In New York, he
says, has lost a dollar In many years, if
ever, through the insolvency of any state
corporation with which it deposited, the
law making tbe savings bunk a preferred
creditor ln such case; and while It may
not be competent for the legislature to
afford protection by a like provision as
to deposits with national banks, It may
require, as it ought, that no savings bank
shuil place any of Its "available fund"
or "temporary deposits," representing the
excess of current dally receipts over the
payments, in any national bank, except
after the. officers of the latter shall have
given an adequate personal bond guaran
teeing the security of the deposit.
Incorporations
The Los Angeles Clam Packing compa
ny, Los Angeles; directors, John T. Jones,
F. F. and it. C. Ward of this city, W. AY.
Beach of Long Beach and Frank W. Vorse
of Dos Moines; caiital stock, $7500; sub
scribed, $3600.
Real Estate Transfers
THURSDAY, March 17.
J. M. and J. M. Clark to M. Bridges—
Blk 0, Long Beach; 81200.
M. L. V. Todd to W. Deakln—Lot 1.1 of
bind marked Reservoir, on map of Victor
Heights tract; $1000.
J. P. and L. Coyne to Mrs. A. N. Gibson
—Lots 11 and 12. blk N. Nob Hill tract; $1000.
tn B. and M. F. De Camp to (si. Boehmo—
Lots 44 and 47, San Gabriel Improvement
Co's lands; $2500.
T. 11. nnd M. J. Buekmaster to L. Bat
man—Fart lot 20, blk 20, Whittier; $1000.
Southern California bunk to A. ando. N.
Preston—Lots 1 to 5, 22, 25, 26, 27 am' 28,
blk C 10, Young's addition to WhiCTßr;
$1550.
L. F. and M. E. Dolley to W. Shoemaker
—Lot 8, blk 21, Whittler; $1000.
C. M. and O. \V. Stlmson to M. C. Croft-
Agreement to convey lot 19, blk 3, Ange
lenyo Heights; $1500.
SUMMARY
Deeds 41
Nominal 32
Total considerations 117,378,60
Mortgages, $1000 and Over
F. A. Alexander et al. to L. K. Tuttle
—Lot 15. Daman .Si Millard trt. 3 yrs,
11 per < ent $1,500
J. E. I*reston et al. to F. Bacon—B«\r.
in E. line lot B, 1. I layman trt, l yr,
8 per cent 1,500
J. L. Schroeder et al. to G. S. Colvin—
Lot 2, blk 32, West End University
Add, and personal prop; 80 days.... 1,200
Twelve mortgages under $1000 G..T79
Total $10,779
Releases, SI 000 and Over
C. E. Orr to H. A. Unruh, 432-146....520,000
C. S. Stose to R. and P. W. Lord, 380
--275. 409.284 1,700
M. G. Bunta and A. M. Head to J.
Montgomery et al., 471-220 1,000
L. Durkeo to C. M. Baxter et al.,
311-303, 070-245 5,400
D. Garvey to C. H. and E. E. Has
tings, 541-274 1,500
iR. F. Macfarlan to E. Johnson, 472-238 1.500
L R. Long to J. A. Anderson, 536-118. 1,500
E. A. Miller to B. D. Anderson, 482-56 1,000
T. W. Brotherton to D. H. Case, 464
--312 1,500
Ten releases under $1000 4,115
Total $35,865
ON 'CHANGE
Conditions Shown by the Dealings on
Wall Street
NEW YORK, March 17.—There was a
complete reversal of sentiment on the
stock exchange today, compared with that
of the earlier part of tho week, and prices
sagged almost continuously. The losses
averaged nearly two'por cent ln the stand
ard shares and were more pronounced In
tho specialties, where in some cases tne
decline exceeded four per cent. Trailing
was dominated by the announced comple
tion of the Maine board of inquiry report,
the failure of the Pacific roads to rerch
an amicable agreement upon passenger
rates, and the heavy selling by houses with
Washington connections. A favorable fac
tor which had little influence was the con
tinued influx of gold. The present move
ment, including today's engagements of
$1,300,000 und the $5,500,000 en route from
Australia, Is in excess of $30,000,000.
Operations in bonds showed a further
contraction in dealings, the aggregate
reaching $1,500,000.
Quotations for government Issues indi
cated losses of % per cent ln tho issues of
1925 and >4 in the fours, registered, of 1907.
London Market
NEW YORK. March 17.—Tho Evening
Post's London financial cablegram says:
In the absence of bad political news, the
stock markets hero continued steady. Tne
chief feature was the recovery of invest
ment stocks on tho prospects of tempora
rily cheap money.
Gold Is in less keen demand for New York,
at 775. 10% d. More money was drawn from
the Bank of France today. It Is under
stood that the Institution ls showing a wil
lingness to part with Its gold. Details of
the movement for the week show the sale
of £596,000 ln American coin, the receipt
of £106,000 from Australia, of £80,000 from
Austria, and of £5000 from Malta.
Silver Bullion
NEW YORK, March 17.—Bar sliver, 54%;
Mexican dollars, 44%.
SAN FRANCISCO. March 17.—Bar sil
ver, 54%: Mexican dollars, 45%<Q>46.
LONDON, March 17.—Bar silver, 25% a.
CHICAGO MARKET
Prices and Prospects of the Trade in
Cereals
CHICAGO, March 17.—A good deal of
strength was shown at the opening in
wheat, although trading was not heavy.
The action of the board of directors last
night in refusing to fix a marginal price
in May contracts and the fact that the tes
timony taken by the board showed ship
ping values to be more than the bears
cared to admit, caused a halt In the liqui
dation and short selling, which made the
1 market so weak of late, and though It did
not result in very much Increased buying
demand, yet the falling off ln the selling
pressure was so marked as to cause an Im
mediate advance ln prices. Besides the
directors' action, some of the routine news
was of a bullish nature. Killing frosts
were reported from California and freezing
weather was reported from the northwest.
Liverpool, ln view of the decline here yes
terday, showed an unexpected degree of
steadiness. May was very quiet all day.
It showed some strength, selling as high
as 1.04%, and never getting below the fixed
price, 1.04. It closed at the latter price.
The opening in corn was steady, but liqui
dation of May soon started and grew quite
heavy as the session advanced. May
closed %9%c lower.
The market for oats was much the same
as corn. May closed fairly steady, %c
lower.
Provisions were the firmest market on
the floor, the closing prices being about tne
best of the day. May pork was 15c higher.
May lard 10c higher and May ribs 7%c
higher at the close.
SAN FRANCISCO MARKET
Call Board Dealings and Prices of
Produce
_ SAN FRANCISCO, March 17.-Wheat—
Inactive; December, 1.32%; May, 1.40%.
Barley—lnactive; December, 97%; May,
1.08%.
Corn—Large yellow, 1.06(31.07%.
Flour—Family extras, 4.5594.65; bakers'
extras. 4.3094.40.
Wheat-Shipping wheat, L4O®L4H4 for
LOS ANGELES HERALD: FRIDAY MORNING, MARCH 18,1898
No. 1, and 1.42% for choice; milling, 1.459
1.50.
Barley—Feed, good to choice, 1.07%®1.10;
fancy, 1.12%91.15; brewing, nominal.
Oats—Poor to fair, 1.15*1.17%; good to
choice. 1.2001.25; fancy feed. 1.27%; gray,
1.154(1.20; milling, 1.20*1.25; surprise, 1.27%*)
1.88; black for seed, 1.8SO1.80; red. 1.2501.4&
Hay—Wheat. 18.00922.80: wheat and oat,
18.00@21.80; best barley, 17.00Utd8.50; alfalfa,
W.BO@11.50; clover, 12.00*13.50; stock, 12.009
13.5).
Millstuffs—Middlings, 20.001Ti22.50 per ton;
bran. 16.00*10.50.
Dry Bean*—Pink, 2.40*2.50; Lima, 2.10*/
2.15; small white, 1.554(1.60; large whTie,
I.Mi* 1.60.
Potatoes—Early Uose, 55975 c per cental:
Ulver Burbanks, 50M0c; Hiver Reds, 50
COc; Oregon Burbanks, 60080 c; Merced
sweets. 75001.00.
Vegetables-Onions, 2.00*2.23 per cental;
hothouse cucumbers, 50c(ffi.OO; garlic, 3%(?(>
40c; green peas, 3*3%e; string beans, — per
lb.; asparagus, 9910 c.
Citrus Fruits—Navel oranges, 1.2592.75
Mexican limes, repack, 5.006(5.50; com
mon California lemons, 50c*1.00; choice,
L 2891.76.
Butter—Fancy creamery, 18* ls%e per lb.;
do. seconds. 16'..*17c; fancy dairy, 16% c; do.
seconds, 15$ 16c.
Eggs—Store, ll*ll%c P f 'r dozen; fancy
ranch. 12918 c,
Poultry—Turkey gobblers, ll*l2c per lb.;
old roosters. 3.50(1(1.00 per doz; young roost
ers, 6.6097.60; small broilers, 8.6094.60;
large broilers, 5.0096.60; fryers, (.0096.60;
hens, 8.609 1.00; old ducks, 4.0096.00; geese,
L 6091.76 per pair; old pigeons, 1.25; young
pigeons, 1.7692.26.
Kansas City Live Stock
KANSAS CITY, Mo., March 17.—Cattle—
Receipts, 1500. Mnrket steady to 10c lower.
Beet steers, western fed steers,
3.7594.70; western cows nnd heifers, 2 75®
4.25; native cows and heifers, 8,7594.28 for
common dinners to fancy stock heslfers;
■tOOkerS und feeders, 8.8096.26; Texas
steers, 3.00*4.40; bulls, 3.00*3.50.
Sheep—Receipts, official, 5400. Market
active; 5c to 10c higher than the first of
the week: western muttons, 4.0094.35; year
lings, 4.6694.75; common to choice Colo
rado lambs, 4.80*5.22%,
Dried Fruit Prices
NEW YORK. March 17.—California dried
fruits quiet and firm.
Evaporated apples—Common, s*Bc per
pound; prime wire tray, B%©B%Cj wood
dried, prime, BM;''(bl'ic; choice, B%*9c; fan
cy, 9%910c.
Prunes—B%fi Be.
Apricots—Royal, 5%*7e; Moorpark, SIiTD
10c.
Peaohes—Unpeeled, 509 c; peeled, 12916 c.
Petroleum
OIL CTTY, Pa., March 17.—Credit bal
ances, 77c; certificates closed 77% c bid for
regular, cash offered 77c; total sales, tieiOO
barrels; shipments, 82,994 barrels; runs, 93,
--119 barrels.
Local Quotations
BUTTER—Extra local 32-ounce squares,
firm at 45*47% c; fancy creamery, north
ern, 32-oz. squares, 40©42Uc; dairy, 32-oz.,
37%* 40c: dairy, 28 oz., 32%*35 c; fancy tub,
per lb.. 81922 c; process, 189190,
EGOS—Choice to fancy ranch, 10*llc.
CHEESKJ—Martin's New York Cheddars,
per lb.. He; eastern, full cream, per lb.,
13«13%c; California half cream, per lb., —;
coast full cream, per lb., ll%c; California,
Downey or Anchor, per lb., 12%e; do.Young
America, per lb., 13%; do, 3-lb. hand, per lb.,
14% C; domestic Swiss, lb., 151117 c; imported
Swiss, 22928; Edam, fancy, per doz,. 8.50.
POULTRY—Per dozen: Hens, 4.00*5.00;
young roosters, 6.0096.60; old roosters, 4.00
■n 1.5 D; broilers. 4.50*5.00; fryers, 5.00*0.00;
ducks, 5.00*0.00; turkeys, alive, per lb.,
12*14e; dressed, 15910 c; geese, apiece, 1.00
91.60,
POTATOES—Per 100 lbs.: Common, 90(31
1.00; Early Rose, seed, 1.0091.10; Burbank,
i.OOfll.30; sweet, 1.00*1.25.
VEGETABLES—Beets, per 100 lbs., 75c;
cabbage, per WO lbs., Gsc; red cabbage, per
doz., 50975 c; carrots, per 100 lbs., 75c;
chiles, dry, per string, 75* 85c; Mexican,
per lb., 10911 c; green, per lb., 25c; gar
lic, 6(§7c; onions, 2.50*3.50; do. green, per
doz., 40c; green peas, 3}{4c; turnips, Soc;
Hubbard squash, per 100 lbs., 85c; parsnips,
90c@1.00; leeks, per doz., 20c; parsley, 35c;
radishes, 25c; cauliflower, 45960 c; spinach,
20c; celery, 45*50 c; tomatoes, per box, 1.25
91.50.
GREEN FRUITS—Fancy apples, 1.259
1.50 per box; choice, 75c*)1.0(); poorer
grades, 25* 75c; bananas, per bunch, 1.509
2.00, crates extra; pineapples, per doz., 5.00
SG.OO; Winter Nellls pears, box, 1.6091.76;
cocoanuts, 90c*1.00; guavas, per box, 697 c.
CITRUS FRUITS—Fancy navels, 1.759
2.00; choice, 1.50*1.75; fancy seedlings, 1.50.
Lemons: Cured, fancy, 1.609L75; choice,
1.00; green lemons, 75c. Grapo fruit, per
box, 3.00* 4.00.
RAISINS—Fancy clusters, 20-Ib, boxes,
2.00; 4-crown LL clusters, 1.75; 3-crown LL,
per box, 1.35; 2-crown, loose, In sacks, per
lb., 4c; 3-crown, loose, ln sacks, per lb.,
sV4<as%c; 4-crown, per Ib., 6%96c; Sultana
seedlings, per lb., 7%98c; in boxes, %c
higher.
DRESSED MEATS—AH per lb.: Beof,
No. 1, 7c; No. 2, 6%c; hind quarters, No.
I, 9c; hindquarters No. 2, 8c; ribs of beef,
10% c; veal, 798 c; mutton, 7c; lamb,Sc; pork
loins, 894 c; legs of pork, B%c; pork spare
ribs, fie; pork tenderloins, 15c.
LARD—Rex pure leaf tierces, G%c; pure
leaf, Sc; Ivory tierces, 5%c; cottolene,
tierces, 6%c; Rexolene, tierces, 5%c; spe
cial kettle rendered lard, 7c; Orange
brand. 50s, 6%c: 10s, 7%c; 6s, 7%c; 3s, 7%c.
CURED MEATS—Rex hams, 10% c; pic
nic hams, Cc: No. 2, S%c; select mild cure,
9e; special fancy breakfast, 12c; special
breakfast bacon, ll%e; Rex bacon, 10' Ac;
Rex boneless hams, sugar cured, 9c; Rex
boneless butts, —; summer sausage, Be;
Rex dried beef lnsldes, 15%; Rex dried out
sldcs, —; smoked tongues, SOc; Diamond
breakfast bacon, backs, per lb., 9%c; bacon
bellies, 9%c; light medium bacon, 9%c;
medium bacon, B%c; dry salt clear bellies,
10-26 ay., B%c; dry salt clears, 35940 avg.,
7-% c; salt clear backs, 7c.
TALLOW—Per lb., 39494% c.
WOOL—Nominal.
LIVESTOCK—Per lb.: Beeves, 2%fT3%;
hogs, 4Vi94%c; lambs, per head, 2.0092.50
sheep, per cwt., 2.5093.75; calves, per lb.,
3%94c.
HIDES—Dry (as they run), 15c; do. kip,
12c; do. calf, 16% c; bulls, 7c; salt steer, 69
6c; do. stags and bulls, 3c; cows, 4%95%c;
sheep skins, 295 c.
DRIED FRUITS—Apples, sun dried,
sacks, per pound, 5%96c; evaporated,
fancy, 8&9 c; apricots, fancy, 8c; choice, 79
7%c; peaches, fancy, unpeeled, 6c; pears,
fancy evaporated, 8910 c; plums, pitted,
choice, 9910 c; prunes.cholce, boxed,7%9loc;
sk., 496 c; dates, 696% c; silver prunes,
choice, sack, 7%95c; boxes, 9910 c; figs, Cal
ifornia white, per lb., 596 c; California
black, per lb., 595% c; California fancy, per
lb., 7%*Bc; Imported Smyrna, 12%<fiil5c.
BEANS AND DRIED PEAS—Pink, 3.25*)
3.40; Lima, 2.0092.25; Lady Washington, 1.80
@1.90; small white, 1.9092.00; green field
peas, 2.6092.75; black-eyed beans, 2.00; gar
vancos, 3.5093.75; lentils, Imported, 7.009
8.00: lentils, California, 3.5094.00.
NUTS—Walnuts, Los Angeles, 495 c; me
dium soft, 697 c; soft shell, Los Nletos,
fancy, 8c; almonds, soft shell, 10911 c; pa
per shell. 11912 c; hard shell, 8910 c; pecans,
10912 c; filberts, 11%912c; Brazils, 11912 c;
plnons, 11912 c; peanuts, eastern, raw, 6%
97c; roasted, 898% c; California, raw, 495 c;
roasted, 6%97c.
MILLSTUFFS—FIour, local mills, 4.80
per bbl.; Stockton brands, 6.00; 0reg0n,4.85;
eastern, 5.7596-60; shorts, ton, local, 24.00;
rolled barley, per 100 lbs., 1.20; cracked
corn, per 100 lbs., 1.16; feed meal, per 100
lbs., 1.20; bran, per ton, 22.00; graham, per
100 lbs., 2.30.
HAY—Wheat, per ton, 16.00919.00; barley.
15.00*18.00; oat, IC.00919.00; alfalfa, baled,
14.00916.00; loose, —; straw, 3.6094.00.
HONEY AND BEESWAX—Honey ln
comb, 10912 c per lb.; strained, 4%96c; bees
wax, 20925 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.
HOW LACES ARE NAMED
Pattern and Locality of Manufacture
Make the Distinction
The nomenclature of lace ls decided by
certain peculiarities of pattern, mesh or
stitches that belong to certain localities,
and it is retained even when those local
ities have long ceased to produce their dis
tinctive fabrications. Valenciennes has
not for many years wrought the laces that
bear its name, their manufacture having
long since been transferred to Ypres, Bel
glum, while the Chantllly laces are all
made at Bayeux.
The finest French laces are made in Nor
mandy; the cheaper ones come from the
Auvergne, which was the first French
province to produce pillow lace. Bayeux,
with her tributary surroundings, ls the
largest and best producer of black laces;
her Chantllly ls "par excellence," the
finest ever made, Caen ls also a center
for black laces. Normandy produces good
black and white blondes. Guipures arc
made In the Auvergne, but the finest come
from tho Vosges. Mirecourt furnishes
fine point and pillow lace. Brussels fur
nishes most of the Belgian needle-points,
though East Flanders, Brabant and Haln
ault are now supplying large quantities.
The old laces for which Binche, Bruges and
Flanders were once so celebrated, are no
longer the mode, though still much prized
by connoisseurs. This is also true of
Mallnes, or Mechlin, lace and Valenciennes,
though the latter Is returning to favor.
Bruges makes a round mesh Valenciennes,
not so beautiful as the lozenge ground, and
coarser qualities come from Courtral and
different parts of Flanders. Lille and Yui
enciennes formerly belonged to tho Nether
lands, which accounts for their early pro
ficiency in lacemaklng.
Flemish guipures are noted for their ex
cellence. Tho Belgian and French
are the finest, In point of fabrication, in
the world. Paris ls, to a large extent, an
emporium for Belgian laces; she is the
birthplace of fashions and novelties, and
dictates lace designs, keeping alive emu
lation and rewarding merit through her so
ciety of decorative arts. To France must
be accorded the palm for black laces, while
Belgium may claim It for the vaporous
fineness of her points, nothing equaling in
ethereal delicacy her famous point degazc.
—Woman's Home Companion.
CHINA WILL TAKE A CENSUS
Through the Efforts of Li Hung Chang
the People Will Be Counted
Tacoma, Waah.—Early this year the first
complete census of the Chinese is to
ho taken. The npproehing- enumeration has
been ordered only after numerous confer
ences between Earl LI Hung Chang, the
empress dowager and the emperor. It
came about ln this way: At last year's
meeting of the International Statistical In
stitute, held ln Heme, a committee, ap
pointed to consider ways and means for
taking a "world census," decided that the
aid of Li Hung Chang must be enlisted.
They met him in Berlin and secured a
promise of bis Influence at Pekin.
On his return to China Earl LI brsjehed
the subject to the empress dowager. He
explained tbe object and need of a census
and that the total number of people In the
world could not be arrived at unless China
did her share. The European countries, he
said, wanted to know, and besides be could
not go back on his promise once made, be
cause, according to a Chinese proverb,
"when superior man lias once spoken,
four horses cannot pull back his word."
Her maje*sty gave him a line to the em
peror. At lirst his majesty was disposed to
resent the interference of a committee of
unknown Europeans, but LI c xplained that
In other countries a census was customary,
and that if China was to be on a level with
other countries she must take a census.
The emperor finally gave his consent, and
provided LI with an autograph order to
see that the wishes of the Swiss commit
tee were carried out.
The next step was to transmit the im
perial orders to the governors general of
tho provinces. Tho governors have sent
the order out to the district magistrates,
and on the next official day they will sum
mon all the local constables and explain
that this time there ls to be a full and fair
count.—New York Sun.
THEIR NOTES TYPEWRITTEN
Ex-Empress Eugenic and Duchess of
Marlborough Use Typewriters
The young Duchess of Marlborough has
been communicating gentle shocks to her
friends and relatives in England by wrllTbg
all her informal notes and letters on a type
writer. For a time the very conventional
circle In receipt of these missives, so neat
ly printed, even to the address and signa
ture, was ln doubt whether to approve or
disapprove, when It was found that the ex-
Empress Eugenic, on account of her fall
ing eyesight, has adopted the typewriter
wholly for that part of her correspondence
conducted by her own hand. Added to this
comforting news was the information that
the queen can and does write very neatly
on a typewriter occasionally, consequently
the writing machine has earned a distinct
social value In England. Tho one the!
Duchess of Marborough uses is the Amer
ican moke, mounted on a charming little
inlaid desk and very sumptuously trimmed
with gold and red enamel wherever such
decoration Is possible. The paper her grace
uses is sent her from the states, and Is the
ordinary quality used for single copy
work, but In the center at the top of every
sheet is stamped a black ducal coronet,
with the letters C. M. In gilt beneath.—
Kansas City Star.
ANOTHER LADY SYKES SCANDAL
Sir Tatton Finds That She Has Fawned
the Family Jewels
There is a new move in the seemingly end
less and much involved Sykes scandal.
This time Sir Tatton Sykes is seeking to
restrain Attenborough & Co.,pawnbrokers,
from disposing of a lot of valuable family
Jewels pledged with them by Lady Sykes
as security for a loan There are six lots
of these jewels In dispute, and two of them
are said to have been wedding presents to
the baronet and his wife. Sir Tatton as
serts that he did not know they bad been
pawned by his wife until he read the pawn
broker's advertisement oflerlng them for
sale. He was scandalized by this fresh pub
licity of the financial crookedness of his
"Is Colonel Ken tuck euch an awful masher M they say V
"Yes; even each of his legs has a beau."
wife and sought to restrain the sale by In
junction. It was finally arranged that Sir
Tatton should, give bond to Indemnify the
pawnbrokers for possible damages result
ing from a delay of the sale, and be allowed
an opportunity to Inspect the property.
Tho defendant insists the jewels were the
personal properly of Lady Sykes, and as
such she had a right to pawn them. Sir
Tatton Insists some of them are family
heirlooms, and as such belong outright to
him, while in others, such as the wedding
presents, he baa a halt Interest. If he can
make good this claim he will probably be
allowed to recover the jewels. One strange
fact crops out in all this Sykes family lit
igation, and this is that Lady Sykes has a
mania for raising and spending money.
Year after year she negotiated loans rang
ing from 150,000 to $300,000, and is still help
lessly Involved in debt. She Is a heavy
gambler in Stocks and on race tracks, and
has been a bad loser. To meet her losses
sho has had to raise money from the
sharks, paying as high as 40 per cent Inter
est, and In this way the aggregate of the
claims now held against her is enormously
larger than the amount of cash she has
actually bandied. When one pays 40 per
cent Interest on a $50,000 note for three
years tho total of principal and usury be
comes something alarming In size.—Lon
don Letter.
HE HAD TO BE LABELED
The Trials and Tribulations of a Negro
Constable, Erstwhile a Barber
For the last three days J. H. Johnson, a
barber, but now special deputy constable
of the court of M. H. Joyce, justice of tho
peace, has been trying to serve a subpoena
upon Charles Merstetter. The Justice
wishes Merstetter to appear in court and
testify as a witness; Merstetter does not
care to testify, and so Is striving to evade
service. The methods to which he resorts
to accomplish this are unlejue.
The other night Johnson caught sight of
Merstetter on Tenth street, and was
rapidly overtaking him. Merstetter saw
him approaching. At the same time he
saw a policeman. He slopped the offliccr
and said:
"See that man—that natty-looking chap
coming this way? Well, he's been follow
ing me for some time. I think he's a crook."
Merstetter turned a corner and disap
peared. The oftiicer stopped Johnson,
and asked why he was shadowing Mers
tetter.
"Why, I am a deputy constable," ex
plained the barber. "Here is my commis
sion. Issued by Justice Joyce. I want to
serve this subpoena on that fellow."
As Johnson did not look like a deputy
constable, the officer had to examine the
commission. It was written In Justice
Joyce's somewhat obscure hand, so this
consumed much valuable time. Then Mer
stetter had fled.
About midnight Johnson called at the
police station and told his troubles to John
Halpin, inspector of detectives.
"I've been stopped five times by police
men." sad Johnson, "and I never can get
service at that rate."
"Well," replied the inspector, "I'll give
you a note that you can show to the po
liceman when they stop you."
And he wrote in a plain, round hand, that
could be read quickly: "This man Is an
officer. Do not disturb him," and signed
his name to it.—Kansas City Star.
MAN IS AIR CONDENSED
Statement of Lieblg, the Great Chem
ist, Agrees With Solomon
Lieblg, the greatest chemist of the cen
tury, writes: "Science has demonstrated
the fact that man, the being which per
forms the great wonders, is formed of con
densed air and solidified and liquid gases;
that he lives upon condensed as well un
condensed air, and that by means of the
same mysterious agent he moves or
causes to be moved the heaviest weights
with the velocity of the wind. But the
strangest part of the matter is that thou
sands of millions of these tabernacles of
condensed air are going on two legs, de
stroying other forms of condensed air,
which they may need to build up their own
wasted tissues or for shelter or clothing,
or, on account of their egotism and fan
cied power, destroying each other in
pitched battles, using implements which
are but other forms of condensed air, the
material of which they themselves are
formed or composed. Chemistry supplies
the clearest proof that, so far as concerns
this, the ultimate and most minute com- i
position and structure, some of which are I
so Infinitesimal as to be beyond the com-
prehension of our senses, man ls, to all
appearances at least, composed of mate
rials identical with those which compose
the structural being of the ox or the dog,
or even the lowest animal ln the scale of
creation."
Solomon seems to have entertained the
same idea. See Eccleslastes, 3:19: "For
that which befalleth the sons of men be
falleth the beasts; as the one dleth, so
dleth the other; yea, they have all one
breath, so that a man hath no pre-emi
nence above a beast."—Pittsburg Dis
patch.
Analyzing Her Charm
The smaVt woman is a type distinctly be
longing to the latter part of the century.
In making life easy for herself she smooths
the way for all who come in contact with
her, and her gaiety and brightness are con
tagious. Her conversation is like a glass
of good champagne, sparkling and refresh
ing. She is quick of repartee, and delights
in epigrammatic sayings and definitions,
and has the happy knack of arranging her
ideas with a clearness and conciseness
which goes a long way towards enabling
conversation to flow brilliantly and unhes
itatingly. As a hostess she ts seen to the
greatest advantage. In all forward move
ments she takes her place in the very front
rank, and does not easily lose her position.
Something about her seems to suggest that
she has discovered the secret of perpetual
youth. Knowing tho great importance of
taking care of her health, she manages to
hoard her looks with miserly care, and
pays the greatest attention to all details
connected with her toilet. Her costumes
are noticeable as much for their audacious
ness as for their perfect taste, it is true
that her combination of color is often dar
ing, but It Is never crude. What appear
to bo the most impossible extremes blend
under her supervision. Everything eho
wears ls stamped chic and effective, but
| while her clothes are original, she carefully
avoids anything outre.—Tbe Lady.
English Kings and Queens
First William, the Norman,
Then William, his son;
Henry, Stephen and Henry,
Then Richard and John.
Then Henry the Third,
Edwards, one, two and three,
And again after Richard
Three Henrys I see.
Two Edwards, third Richard,
If rightly I guess.
Two Henrys, sixth Edward,
Queen Mary, Queen Hess.
Then James, c th rfly mhhh hhhhrhh
Then James, the Scotchman,
And Charles, whom they slew.
Yet received after Cromwell
Another Charles, too.
Next Jamie, the second,
Ascended the throne;
Then good William and Mary
Together came on.
Queen Anne, Georges four,
And fourth William, all past—
God sent Queen Victoria,
May she long be the last!
Wall paper, late styles, low prlceß, nt !
A. A. Eckstrom's. 324 South Spring street
I STEINWAY PIANOS !
||j Sole Agency §j
m Bartlett's Music House |
Everything In Music ;
H 233 S. Spring St. Established 18T> 1
f&liMiaMti
Los Angeles, o*l,
Dec. 1. 13J7
To whom It may concern;
THU id to certify that
Br« Wong Him cured me
ftZ. A ol liver and kidney trou
1 hies I was greatly cou- |
W \ I stipated aud my baok ;
«49* V scbed so much that Iha I ;
(X \5>L (treat trouble in sleeping
M 7 >f Wheal went ta Dr. Wone
U if 111 m. he felt my pulse and
\ p Held my troubles wero
\ ****** / caused by Ift grippe, Which
\ j[ I had several years ago.
lit- knew more about my
BBBku _rf|K«Wfci B >* Ht eni I thought
vfl BBlrtlHHßwlß anyone could know.
lnoli his medicine as rtl-
reeled and am now well.
I have gained elxht pounds during the last month;
fat better, sleep better and feel belter in every way
than for years. I cau cheerfully recommend Dr.
Wong Ilim to thestck- Yours truly.
HAKVEY DAVIS,
109 West Ann st™, Police Officer I* a. city
hll, WONU HIM, 8318. Hope at
i-os Angeles, January no, isas.
To the Public—Having Suffered n long time with
a tumor, stomach troubles and a bad eotuih, [ doc
tored with several doctor* but found no relief. 1
then decided to try Dr. Wontr Hlmorsii s. Hope Su
Alter feeling my pulse be described my case, and
after four rnomhV doctoring with him 1 urn now
entirely cured. I*o knife or operation was per
formed, and I hero certify the above and recom
mend him to suffering humanity.
MKS. J. D. t'OKKEX, Chino, CaL
mbinT~oinuv
Diseased or Weak
wSa Consult
Dr. White
Private Dispensary
i 2« N. Main St.
& Established I«8(>
OLDEST AND LARGEST BANK IN SOUTHERN CALIFORNIA.
pABMEBS AND MERCHANTS' BANK OF LOS ANGELES, CAI*
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, I. W. HELLMAN.
Special Collection Department. Correspondence invited. Our Safety Deposit De»
partment offers to tho public safes for rent In its new Fire and Burglar-Proof Vault,
which ls the strongest, best guarded and best lighted ln this city.
Tire NATIONAL BANK OF CALIFOBNIA
At Los Angeles
1 Capital and Profits, $270,000.00
DIRECTORS
OFFICERS S. C. HUBBELL, T. E. NEWLIN,
S. C. HUBBELL President O. H. CHURCHILL, J. M. C. MARBLE,
O. H. CHURCHILL. First Vice-President O. T. JOHNSON, JOS. D. RADFORD.
O. T. JOHNSON Second Vice-President IW. S. DE VAN, CHAS. MONROE,
A. HADLEY Cashier IN. 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 Depositary
CAPITAL $500,000.00 SURPLUS J50,000.W
Total $550,000.00
GEO. EL BONEBRAKE 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 n»
preferred creditors.
gECUBITY SAVINGS BANK,
Corner Main and Second Streets
OFFICERS DIRECTORS
lI.W. Hellman, J. F. Sartorl.W. L. Graves.
J. F. SARTORI President H. J. Fleishman, C. A. Shaw, F. O. John-
MAUKICE S. HELLMAN.Vice-President son, J. H. Shankland, J. A. Graves, M. L.
W. D. LONGYEAR Cashier Fleming, M. S. Hellman, W. D. Longyear.
Interest »uid ou term uurt ordinary deposits
Money loaned on llrst-class real estate
piBST NATIONAL BANK OP LOS ANGELES
CAPITAL STOCK $400,000 Surplus and undivided profits over $2d0,00S
J. M. ELLIOTT President W. G. KERCKHOFF Vice-President
FRANK A. GIBSON Cashier W. T. 8. HAMMOND...Assistant Cashier
DIRECTORS
J. M. Elliott, J. D. Bicknell, F. Q. Story, H. Jevne, J. D. Hooker, W. C. Patterson,
Wm. G. Kerckhoff.
No public funds or other preferred deposits received at this hank.
|y|AIN STBEET SAVINGS BANK
Capital paid up . . . .... .$lOO,OOO
Junction of Main and Spring and Temple sts. (Temple Block). Los Angeles.
OFFICERS AND DIRECTORS—T. L. Duque, President; I. N. Van Nuys, Vloe-
President; B. V. Duque, Cashier; H. W. Hellman, Kaspare Kohn, H. W. O'Melveny,
J. B. Lankershlm, O. T. Johnson, Abe Haas, W. G. Kerckhoff.
Money loaned on real estate. Interest paid on term and ordinary deposits.
I OS ANGELES SAVINGS BANK "
830 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.
Caswell.
Interest paid on deposits. Money to loan on first class real estate.
QEBMAN-AMEBICAN SAVINGS BANK
Paid up Capital and Profits, $145,400
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.
gOUTHEBN CALIFORNIA SAVINGS BANK
152 North Spring St. Interest Paid on Deposits
DIRECTORS—J. H. Braly, J. M. Elliott, H. Jevne, Frank Simon Maier.
W. D. Woolwlne, W. C. Patterson. Safe Deposit Boxes for Rent.
CJOUTHEBN CALIFOBNIA GBAI N AND STOCK COMPANY
012 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 ft CO.
Glass & Long
Blank Book Manufacturers
_ 212-219 NEW mm §Tt t9» AfiSfilas k%mMM
Cold Cure en res colds ln the heart, colds on the
hlltga, old colds, now colds and obstinate colds, and
all forms of fjrlp. Stops sneezing, discharges from
the noss and eyes, prevent:* rrumrh, diphtheria,
pneumonia,, and all threat and lyng troubles. Tliuse
pleasant )it:lo pelletfloro absolutely barxuless, have
: saved thousands of liven and prevented much sick
i w*ss. The Mnnyon Kcrtedy Company prepare sv
, separate cure for each disease. At all druggists—»
%~> cents a vial. Tf yon need tteofcal advice write
i Prof Munyon, ISM Arch Street, ridiadelnbia. It Is
ab".uluU'ly Dee,
THree Beautiful women
TO THEIR LESS FORTUNATE SISTERS
4 SURE ROAD TO BEAUTY
The Misses Bell, of No. 78 Fifth Avenue, New
York, now offer the public generally the '
Complexion Tenia 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 ne>t cover up the blemishes as powders
! and pastes do, but is a colorless liquid that,
when applied to tho skin, does not show.
It cleanses tho pores of the skin of all poison
: ous and foreign linings and dissolves entirely
freckles, pimples, blackheads, moth patches,
excessive olliness or redness in the skin. Its
, use ls so simple that a child can follow dlrec
! tions and get tho best result. The Misses
Dell have placed the price of their wonderful
Complexion Tonic at JI.CO per bottle, which
: is suhlcient to clear the ordinary skin.
OME BOTTLE COSTS YOU NOTHING
I f the effect is not exactly es 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
■ picxion and beautify a good one. This gen
-1 crous offer should be accepted by nil.
Ladies cau address Tbe Misses Bell on all
matters of the complexion nnd hygiene In the
I strictest confidence, nnd satisfactory advice }
will be given promptly without charge. An
interesting pamphlet will bo sent upon re
, ccipt of stamp.
Address oil communications and send all
orders to The Misses Sell, or
THE BELL, TOILET CO. ,
No. 7S filth Avenue, New York.
Ziska Institute
1718 Sacramento Street,
Hear Van Ness Aye.
Home and Day School for Glrta
From Primary through Collej late work. 8a
ferior advantages in Languages and Muslo
ndividual attention. Bms.ll classes. Speola
students ad ttted.
MME. B. ZISKA. A. M„ Principal.
\l h £ Crystal Palace;;
... is now open ... ::
«; Meyberg Bros. 343-3455. Spring st : \
♦++♦♦♦♦♦»♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦
Mien's Press Clipping Bureai
823 West Second Street
Los Angeles, Oal.
Furnish advance reports on all contract work;
such as sewers, reservoirs, irrigation snd pump,
ing plants aud public buildings. PersonaloUp,
Dings from all papers in the United states.
9