The herald. [microfilm reel], August 02, 1898, Page 11, Image 11

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

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

                
THE INVESTOR
Conducted by GEO. A. DOBINSON
A TELEPHONE SUIT
DECISION AGAINST INDEPEND
ENT COMPANIES
ANOTHER FRATERNAL ROAST
Pennsylvania Insurance Commission
er Heard From —Stamped
•- Endorsements
, . OFFICE OF THE HERALD,
LOS ANGELES August 1,1898.
The New York Evening Post of the 27th
ult. says:
The decision of Judge Buffington of th*
United Slates circuit court at Pittsburg,
yesterday, sustaining the Carty bridging
bell patent, and enjoining certain persons
against the unauthorized use of th* device,
bids fair greatly to embarrass the thousand
and one small Independent telephone cor
porations In the soutnern and eastern
states. The company directly enjoined by
this decision is the Millhiim Electric com
pany of Pennsylvania, a small concern hav
ing but twenty-live subscribers, and doing
business In a small Pennsylvania town. Ac
tion was brought against It by the Western
Electric company, owner of the patent, to
make a lest case. An injunction only was
asked; no effort was made to coHtC. dam
ages.
"The Carty patent.'' said J. 3. Carty,
chief engineer of tha New York Telephone
company and the Inventor, thl> morning,
"has to do with the signaling apparatus at
th* subscriber's station. A description hi
detail of If would be too technical for gen
eral understanding. It is a device, however,
by means of which conversation can bo
carried on over a single wire having a num
ber of stations on It. Before this Invention
was In use, it was Impossible to hear satis
factorily over a telephone having more
than a single metallic circuit; more than
that, the conversation could be heard at
any station on the circuit, as well as at the
one desired. It Is not In use—at least, Its
utility is small—ln cities where, with a great
many central stations, it Is the best econ
omy to give every subscriber n single wire.
So this decision will affect only the com
panies doing business with a comparatively
large number of subscribers over a wide
territory.
|f 'he effect of the decision Is, however,
far reaching. In the southern and New-
England statf s. and in this state, there are
very many small telephone companies do
ing n profitable business—the so-called in
dependent companies. Their managers, I
believe, concede that, without the use of
the Carty bridging bell, they cannot give a
satisfactory service to their subscribers. At
any rate, I know this to be so. The Carty
patent lo one of the tew devices tha-. are
absolutely Inseparable, so far as Is now
known, from the perfect telephone. En
joined from its use, the companies will be
forced to go back to the days when tele
phonic communication was hardly possi
ble because of a confusion of noises, or to
make some arrangement with the Bell Tel
ephone company, which has the exclusive
right to the use of the patent.
"The decision Is a broad one. The patent
Is unqualifiedly sustained and the injunc
tion absolute. It Is now practicable to pro
ceed against the Infringing companies, one
by one, to collect damages and to enjoin
them all. Whether or not proceedings will
be Instituted, I cannot say. The Bel! com
pany has never been vindictive In Its atti
tude toward Infringing and competing com
panies. In the action just decided you will
notice that damages were not asked. Prob
ably the company will take steps to con
serve its rights; but I have no information
as to that. If It should, It seems to me that
the independent companies will be very
much embarrassed, Indeed. If they aie not
utterly destroyed, they will be seriously af
fected."
The action against the Mlllheim company
has been ln progress for about, two years,
and has attracted but little attention,
though it has been carefully followed by the
infringing companies. Not long ago the
Berliner patent was sustained, and within
a few weeks a decision sustaining the Fir
man patent was handed down by the cir
cuit court of the United States sitting In the
northern district of California. Both of
these decisions tended to embarrass the
companies doing business ln thinly popu
lated districts. The Carty patent decision,
It is said, will aid materially In the firm
establishment of the control of the tele
phone .business of the country by the Bell
Telephone company.
Fraternal Societies
The remarks of the Illinois insurance com
missioner upon the subject of fraternal so
cieties were quoted ln this column a few
days ago, and now comes James H. Lam
bert, insurance commissioner of Pennsyl
vania, who Indulges ln some similar stric
tures ln his annual report on the life and ac
cident insurance business, Just Issued. He
offers some Interesting sugggestions re
specting the regulation of fraternal benefit
orders. He Intimates that the fraternal
system Is being made use of for speculative
purposes, and believes that the law should
be changed. He says: "Organizations are
effected under thts system whose operations
and methods come very near to the assess
ment system, for the purpose of securing
profit and advantages to those who are
managing them. This is in particular true
In many cases of those who have beep
registered and permitted to do business
from other states. It has been made so plain
In many cases that the department has felt
compelled to discriminate against them,
and to insist that, if admitted at all, they
must come In as assessment Insurance com
panies, since there could be no pretense
that they were conducted solely foi* tho
benefit of members."
As to the practice of assessment com
panies issuing policies covering nearly
every form of life insurance, Mr. Lambert
says: "It is not required that assessment
insurance companies shall have a reserve,
yet It Is possible for them to Issue endow
ment policies, which upon maturity may
not be protected by any accumulation
whatever. I have had occasion ln former
reports to direct attention to this matter
and to urge legislation, which seems to me
very necessary, tn amendment of it. It Is
obviously an unjust discrimination to re
quire one company to submit to a valuation
of Its policies annually, and to compel it to
hold a sufficient reserve to cover all its
risks, while another company, which, un
der the law, need not have one dollar of re
serve, may deal In every kind of Insurance
that Is permitted to a legal reserve com
pany. If It Is tot law that an assessment
company may take a cash premium and ac
cumulate a reserve, It seems to me that
there should be some statutory provision
expllclty placing that reserve under official
supervision, so that there may be some pro
tection for It, and also to require an annual
valuation of the policies of such companies,
that It may be determined what their ob
ligations are."
Edison Electric
The June report of the Edison Electric
Illuminating company of New York shows
gross earnings $215,156, an increase of $42,
--295; operating expenses, 135,721: increase,
$26,065; net earnings, $79,435; increase, $16,230.
Insurance Notes
Late New York advices say that R.
S. Critchell, representing the state of
Pennsylvania and ths Teutonla of New Or
leans, has tendered his resignation as a
momber of the union. It is unconditional
and will take effect at the expiration of the
customary ninety days.
Union matters for ths time are quiet, but
a constant undercurrent of feeling marks
the uneasiness of managing underwriters
In tho situation.
Apparently all of the important measures
for the regulation of business in the west
ern field have been left for the annual
meeting, which convenes at Niagara Falls
Sept. 6th.
E. D. Silent & Co., office No. 212 West
Second street, have been appointed as gen
eral agnets for the Pacific Mutual Life In
surance company, and havo already com
menced to write business for that well
known and reliable corporation.
The Paclflo Mutual Life Insuranoo com
pany Is now In the thirty-first year of its
existence. It Is a strong, well manngpd
corporation, and transacts a large business,
Its Bgenoles extending as far east as, and
Including, ths state of New York. Its
stockholders and directors are among the
most prominent and responsible citizens nf
San Francisco.
There Is much inquiry among the Insur
ance offii-es In regard to stamps of frac
tional value for use on policies carrying a
premium of an odd number in dollars and
cents. Underwriters now pay the same
tax on a $19 premium as on a $20 premium,
which Is not believed to be the Intention of
the law.
On Stamping Indorsements
Charles L. Case, chairman of tho com
mittee on laws and legislation of the Now
York board of fire underwriters, notified
the members of the board of the opinion of
counsel on the question of stamping in
dorsements on a policy transferring the In
terest of the mortgagee, as follows:
I Infer that this question covers on en
try on the face of the'policy as well as nn
Indorsement. The usual form of this is to
givo the date, followed by the words, "loss
If any hereafter payable to A. 8., mort
gages." no chango being made in the pol
icy, which on Its face somes soma other
person as the party Insured. I understand
that It Is the custom not to charge any
premium by reason of such an entry.
In my opinion such a writing is not re
quired to be stamped, Inasmuch as It Is
not "an Instrument by which Insurance Is
made or renewed," and If It were tha
stamp would be measured by the premium
charged, which Is nothing. Nor Is It an
assignment or transfer of any policy of In
surance under the twenty-fourth paragraph
of Schedule Aof the stamp act. The policy
holder Insured does not assign or transfer
anything to anybody, and there Is no as
signee or transferee of the policy. It is a
mere direction as to how payment shall be
made in case of loss, not falling within the
provisions of the statute.
Incorporations
Victor Gold Mines, San Francisco; $300,009;
subscribed, $5.
Sheba Gold Mining company, San Fran
cisco; $100,000; subscribed, $5.
Central Grading company, San Francis
co: $20,000; all subscribed.
F. W. Blanchard Building company, Los
Angeles: directors, F. W. Blanchard, A. M.
Brookman, Marion H. Blanchard. C. W.
Blanchard and J. A. Coldwell; $100,000; sub
scribed, $1000.
Transfers, $1000 and Over
„ „ (Daily Statement.)
G. C. and E. E. Conn to Nancy Gra
ham—Lot 10, Conn's partition of
lots 26 ,27 20 and 32 $1,800
W. M. and N. E. Casterilne to C. B.
Mayne—Lots 5 and 6, blk B, Shafer
rtact 2 600
Jennt? M. Brockway to A. Kriig—
Part Sec. 15, 3 S 12 2,000
W. S. Young et al. to T. Hughes-
Lot 66, Orange Hts trt 3,000
C. E. Berlnger to N. A. Beebe—Part
Sec. 18. 5 N. 12 1,000
C. Sturgess to H. .letters et al.—Lot
13, Mrs. Gleason's sub 1,000
Mary O. and S. O. Long to T. S.
Obear—Und. % of lots 1 and 2, blk
A, W. L. A 2,500
Sarah and J. C. Morris to Catherine
S. and R. Sample—Lots 13 and 14, De
frlez trt 1,600
Seventeen transfers under $1000, of
which three were nominal 5.633
Total $21,153
Mortgages, $1000 and Over
(Dally Statement.)
C. E. Mayne to Equitable B. & L,
Ass'n of U. S.—Lots 5 and 6, blk
E, Shafer trt, 12 yrs. 10.S percent.. $1,800
Belle O. and C. M. Clinton to Ge.rman-
Amer. Say. Bk—Part Sec. 2,1 S. 14,3
yrs, 10 per cent 1,200
San Rafael Ranch Co.. A. and C, S.
Campbell Johnston to Mary J. Bush
noll—Lots 45, 46, 47 and part 48, Ar
royo Wood lots: land In Ro. San Ra
fael and San Pasqual; lot 16. blk 7,
Garvanza; July 28, 1901, 9 per cent. 6,000
Anna L. and I G. Sigler to Mary P.
Merrill—Lot 25. blk L. W. L. A., 2
yrs, 11 per cent 1,200
F. A. Marcher et al. to Victoria Har
rell—Lot 12, blk 11, O. W. Chllds
trt of 200 lots, 1 yr, 11 per cent 1,500
Ten mortgages under $1000 6,228
Total $10,928
Releases, $1000 and Over
(Dally Statement.)
Emily Moore to M. J. McDermott
et al., 662-197 $1,150
G. Jess to G. W. Ogle, 482-236 3,000
L. W. Wright to W. H. Kiler, 341-252. 2,980
National B. & L. Ass'n to H. Brew
ster, 485-1 1,200
H. A. Baldwin to W. M. Casterilne,
668-249 1,000
Security L. A T. Co. to E. A. Miller,
458-285 6,000
H. A. Baldwin to C. H. Baker, 886-66. 1,200
Five releases under $1000 3,022
Total $18,552
ON 'CHANGE
Conditions as Shown by Transactions
on Wall Street
NEW YORK, Aug. I—The stock market
held firm today against several adverse In
fluences and showed greatly Improved de
mand ln the later dealings. The supply of
American stocks left in the foreign ex
changes has become so reduced and deal
ings in them are so Insignificant there that
Utile account was taken of the fact that
London was closed today for Its bank hol
iday. Railroad stocks ln the early deal
ings here continued to suffer from the neg
lect. The bears availed themselves of the
quietude to make an aggressive attack.
The speculation was very feverish, though
the price did not get far away from 139.
The bears ln addition had reports that the
rains ln the west had come too late to pre
vent serious harm to the corn crop. Prices
fell quite materially below Saturday's close
under this combined attack, but outside
support was forthcoming In the stocks
which were most severely affected, and
the shorts were driven to cover, making
the recovery ln these stocks almost com
plete. Of tbe Grangers, Rock Island and
Burlington rose from 1 to 1% from the low
est and th> South westerns as a croup wars
a trans. The Rubber steaks olssed today
LOS ANGELES HERALD: TUESDAY MORNING. AUGUST 2,1898
with gains of %©2% respectively. Pacific
Mall, Lead and Tobacco were strong fea
tures all day. The stock market was also
materially aided by the Increased demand
for bonds In the afternoon, in which there
was active busfhess, especially ln (tiZ- lour
per cent bonds of lately reorganized roads,
nut non-Issued, which were gaining In se
curity from the recent increases in earn
ings. Total sales. $2,120,000.
Government bonds were strong on the
peace prospects today, although this fac
tor had only a small Influence In stocks.
The new government threes advanced to a
new high level, allotments of subscriptions
selling at 104%.
United States fours, both new and old
issues, advanced %. the threes, when is
sued, %. and the fives .registered. % In tne
bid price.
Closing Stocks
NEW YORK, Aug. I.—Tho following
are the closing prloes on the New York
stock exchange today:
Atchison 13>i do 2d pfd.... Z3%
da pfd.... 34% St Paul 100%
Baltimore & 0.14 do pfd 151%
Canada Pacific. 84 St P & Omaha.. tIJ%
Canada South.. 53% do pfd 152
C Pac ex 16 st PM & M 1W
Ches & 0hi0... 22% Southern Pacific. 15%
Chi & A1t0n....160 So Railway S%
CB & 6 106% <j 0 pfd 31%
Chi & E 111.... 56 Texas & Pacific. 12%
C CC& St L.. 42% i; y pfd 61%
do pfd.... 85 I'putO -%
Del & Hudson. 106% Wabash T%
D L & W 150 do pfd...*.. 19%
Del & RiUiG.... 12% Wheel & 1. E.... 1%
da pfd.... 50% do pfd 11%
Erie (new) 18% Adams Ex 102
do Ist pfd.. 36 American Ex. ...133
Fort Wayne —170 Fritted States Ex. 41
Gt Nor pfd, ex Wells Fargo 118
dlv ax rights.l 29% Am Cotton 0i1... 21%
Hocking Val... 5 d<l pfd 79%
Illinois Cen ....107 Am Spirits 12%
Lake E & W.. 13% do pfd 36%
do pfd.... 71 Am Tobacco 123%
Lake 5h0re....180% do pfd fTi%
Louis & NastY 53% People's Oas .... S»%
Manhattan L..106% Con Gas I¥9
Met St Ry 153 com Cable C 0....170
Mich Central...lo7% <jol F & 1r0n.... 20y.
Minn &St 1 28(4 do pfd 90
do Ist pfd.. 89 Gen Electric 39%
Mo Pacific 35% Illinois Steel .... 56
Mobile & Ohio. 27 La Clede Gas.... 5%
M X & T 10% Load 37%
do pfd.... 34% do pfd 109"%
Chi & L 10 Nat Linseed Oil.. 6%
do pfd.... 36 Pacific Mail 30%
N J Central.... 90 Pullman Palace.lß9%
BNY Central...llß% silver Cert 58%
NTCtSt L. 12% standard R* T. iU
do Ist pfd.. 00 Sugar 139%
do 2d pfd... 33 do pfd....113%
Nor West 14% T C & Iron 25%
N Amer C 0.... 6% v S Leather 7%
North Pacific. 29% do pfd 68%
do pfd.... 71% USißubber 40%
Ontario & W.. 11% do pfd 9'J)
Ore R ftNav.. 18% Western Union.. 92%
Ore Short Line 2S Chicago & NW..131%
Pittsburg 170 do pfd 175
Reading 17% Chicago & G W. 15%
Hock island.... 96% St Ltb S W 5%
St L & Sl' ~ 7% Rending Ist pfd.. 41%
do Ist pfd.. 61 Brooklyn R T.... 58%
Bond List
NEW YORK, Aug. I.—The following
are the closing prices of bonds on tha New
York stock exchange today:
U S new 4s reg\l27»- N JO 5s 112%
do coup?»..lßT% N Carolina 65....125
US 4s 110% do 4s 101
do c0up....111 N Pacific lsts 112 V,
do 2ds 96% do :1s 61%
US 5s reg lv% do 4s 99%
do 5s coup.lll% N V C & St L....10.5U,
District 3s 03. ..116 Nor & W 6s '•"
Ala Class A....108 N W Consols... ."^%
do B 1011 do deb 5»....U7%
do C 90 O Nay lsts 110
do Currency 90 do 4s 97%
Atchison 45..,. 95% O S Line 6s t r..UJ%
do adj 4C- 71 do 6s t r 35
Can So tin Pacific 6s of 95...1712
Can Pac lsts.. — Reading 4s 52%
Chicago Term.. Sli% R O \V lsts 89
C & Ohio u5.... 115 S L & I M con ss. 99
CH & D 4',i5...104% S L* S F gen 6s. 118%
D & R G lsts..M9% St P Con HTj%
D & R G 45.... 9514 st P& C P lsts..lT>,
East Tftnn 15t5.107% do 5s 116%
Erie Gen 45.... 73% So Railway 55... 94%
FW&Dls»»tr74 8 C non-fund... -
Cen Elec 55....105% BR«T«s 67
G II & S A 65... 104 Term new set3sr.. 91
do 2d.5....105 Tex P L O 15t5..106%
H & T C 6s —110 do reg2ds..'. 43
do Con 6s.Ul Union Pac. 45.... 97%
lowa C 15t5....102 U P D & G lst.s. 74
X P Con tr.„. — Wabash Ist 55...110 V.
KPlst(DD)tr- do 2 ads... BS%
L A new con 4s. 104 do 3s gi
LtfkUnHs 88% Va Centuries.... 72
Missouri 6s 100 W Shore 4s 109
M X & T 2ds.. 63% v p pfd 59%
do 4s 89% Va Centuries.... 72
N V Cen lsts.. 116% do_ dfd 4
Money Market
NEW YORK, Aug. I.—Money on call,
steady at 1%'n , 1% per cent; last loan, 1%
per cent: prime mercantile paper, 8%04 pet
cent; sterling exchange steady, with ac
tual business in bankers' bills at 4.8504.85%
for demand, and 4.83%@4.83% for 60 days';
posted rates, 4.84 %«t 4.85 and 4.8604.86%; com
mercial bills, 4.82%; silver certificates, .".8%
068%; bar sliver. 58 9-16; Mexican dollars,
40%; government bonds strong; state bonds
duil; railroad bonds firm.
Treasury Statement
WASHINGTON. Aug. I.—Today's state
ment of the condition of the treasury
shows: Available cash balance, $254,844,215;
gold reserve, $189,441,714.
Silver Bullion
SAN FRANCISCO, Aug. I.—Silver bars,
57% c; Mexican dollars, 48046%0.
CHICAGO MARKET
Prices and Prospects of the Trade ln
Cereals
CHICAGO, Aug. I.—Wheat was de
pressed In the first part of the session by
the fine progress being made with the cut
ting of the spring wheat and the com
mencement already of new deliveries of the
new crop. Minneapolis received nine cars
of new spring wheat, and there were about
fifteen cars of the old sold In the sampht
market here. The visible supply decreased
289,000 bushels, compared with an increase
of 1,782,000 bushels the corresponding week
last year. Primary market receipts were
still much below the similar period of last
year. Shorts grew nervous when this be
came known and covered freely. It took
a strong corn market, however, to Infuse a
little more buying spirit Into the wheat
crowd, and getting that about an hour
from the close, September, which had sold
as low as 63%, recovered to 64% a*bout fif
teen minutes from the end. September
closed %c higher, at 64%r<ri>4% asked. De
cember gained %c, closing at 64004%.
Continuance of rains throughout the west,
where the drought had been feared, start
ed corn easier. The bullish orders suffered
In consequence, and short sellers were em
boldened to Increase their lines. This, in
addition to a rather tame demand early,
forced prices off. Near the close of theses
■ slon the decline was more than recovered
on Influential buying by bulls under the
conviction that the rain would come too
late to remedy the damage already done.
September closed with a gain of %c.
Unfavorable crop reports, accompanied
with buying orders from 'the country,
caused the firmness In oats. September
closed %c better.
Provisions st.rrted easy on selling by
packers and ruled dull nearly all day.
Toward the end of the session prices re
covered with the rally in corn. Pork Is un
changed; lard lost 2%@5c, and ribs are 2%c
lower than Saturday,
BAH FRANCISCO HABXBT
Call Board Dealings and Prices of
Produce
SAN FRANCISCO, Aug. I.—Wheat—ln
active; December, 1.22%.
Barley—lnactive; December, 1.16%.
Corn—Large yellow, 1.1001.12%.
8ran—16.60010.00 per ton.
Flour— Family extras. 4.4004.50 per bbt.;
bakers' extras, 4.1504. $5.
Wheat— Shipping, 1.2001.21%; miliingrl.3o
Barley—Feed, 1.1501.18%; brewing, nom
'"o'ats—Poor to fair, 1.17%@1.22%; good to
choice, 1.8601.80; fancy feed, 1.32%: gray,
1.22%©1.25; milling, 1.22%©1.27%; surprise,
1.32%if11.35.
Millstuffs— Middlings, 18.00@20.00 per ton;
bran. 15.00^16.00.
Hay—Wheut, 14.O05J18.00: wheat and oat,
14.00017.00; alfalfa, 12.00S13.00; barley, 14.00
®Dry Beans—Pink. 2.6002.60 per cental j
small white, 2.0002.15.
Vegetables—Onions, 7O@Boe per cental;
green peas, 2.5003.00 per sack; tonratOes,
l@l%c per lb.; rhubarb, 60@75c; squash,
60c.
Fresh Fruits — Pears, Bartlett, 85c
1.00 per box; strawberries, $.0004.00 per
chest; gooseberries, l©l%c: cherries, black,
40050 c; white and red, 16030 c; nutmegs,
1.0002.00; peaches, 60076 c; apples, 75c©1.00;
cantaloupes, 2.00M4.60.
Eggs— Store. 14016 c per dosen; fancy,
ereamerw. sua bms saiisUi
do. seconds, 19c; fancy dairy, 18c; do.
seconds, 19tft30c.
Poultry—Turkey gobblers. 135(140 per lb.;
old roosters, 4.00(34.50 dozen; young roost
ers. 4.(Kk05.00; small broilers. 2.«05j2.50; large
broilers, 8.00413.50; fryers, 3.50f04.00; hens
8.5005.00; old ducks, 3.0003.25: geese, 7S<-0
1.00 pair; old pigeons, 1.25; young pigeons,
1.50.
Citrus Fruits—Navel oranges, 1.5001.75
Mexican limes, repack, 5 60fd6.00: common
California lemons, ; choice, 1.5002.50.
Dried Fruit Prices
NEW YORK, Aug. I.—California dried
fruits quiet.
Evaporated Apples—Common. tlfffXr per
pound; prime wire tray, B*/r@B%c; choice,
B%® 9c; fancy. »%c.
Prunes—44/8c per pound.
Apricots—Royal, SVi'SlOc; Moorpark, lOiS
12c.
Peaches—Unpeeled, 50<8c; peeled, 1201Cc.
Visible Grain
NEW YORK, Aug. 1.-The jstntement
of the visible supply of grain In store and
afloat Saturday, July 30, as compiled by
the produce exchange, is as follows:
Wheat— 9.093,000 bushels; Increase. 298,000.
C0rn—17,755.000 bushels; decrease, 1,104,(100.
0at5—3.444.000 bushels: decrease, 832.000.
Rye—3os,ooo bushels; decrease, 156,000.
Barley—343,ooo bushels; decrease, 2000.
Kansas City Live Stock
KANSAS CITY, Mo., Aug. 1.-Cattle-
Reeelots, 7500; murket steady to strong;
native steers. 4.36W.35; cows and heifers,
2.0006.40; Blockers and feeders, 2.3001.65;
bulls, 2.80tftH.50.
Sheep — Receipts, 3009; mnrket firm:
lambs, 4.0006.00; muttons. 3.0004.10.
Petroleum
OIL CITY, Pa., Aug. I.—Credit bnlances,
99c; first sale, cash, 95% c; closed 96c bid for
cash.
Local Quotations
BUTTER—Extra local 32-ounce squares,
SOftr.S'/iiC; fancy oreamery, northern. 32-oz.
squares, 45047%; diary, S2-os., 42%04f>; dairy
28-oz. squares, 40c; fancy tub, per lb.,
225123 c.
EGGS—2OO2Ic per dozon.
CHEESE—Martin's New York Cheddars,
per lb.. 13c; eastern full cream, per lb.,
13e; California half cream, per lb., 10c;
coast full cream, per lb.. ll'/ic; California
Downey or Anchor, per lb., J3c: do. Young
American, per lb., 14c; do. 3-lb. hand, per
lb., 15c; domestic Swiss, per lb., 20c.
POULTRY—Per dozen: Hens, 8.5O0D.OO;
young roosters, 4.0005.00; old roosters, 3.50
1.00; broilers, 5.000250; fryers. 2.7503.75;
ducks, 3.0003.50: turkeys, alive, per pound,
10011 c; geese, apiece, 75001.00.
POTATOES—Burbunks, UOcSH.OO.
VEGETABLES—Beets, pur 100 lbs., 80c;
cabbage, per 100 lbs., 60075 c; carrots, per 100
lbs., 7oc; chiles, dry, string, 1.0001.25; Mex
can, per lb., 60c; green, per lb., 607 c; gar
lic, 506; onions, 75080 c; do. green, per doz.,
doz., 20e; green peas, 804 c; turnips, 85c;
parsnips, 75085 c: cucumbers, 76080 c box.
GREEN FRUlTS—Bananas, bunch, 81.60
2.25; strawberries, com., SWBc; fancy, 90
12c; blackberries, 45i6c; loquats, 406 c;
rlas, white, 45060; do. black, 45060; apricots,
per box, 50c; raspberries, per box, 8010 c;
07c; gooseberries, per lb., 304 c; currontß,
box, 60065 c; Logan berries, per box, 406 c;
406e; figs, per box, 50060 c; peaches, per
box, 705/75 C. „ „ .
RAISINS—Fancy clusters, 20-lb. boxes,
2.00; 4-crown L.L. clusters, 1.75; 3-crown
L.L., per box, 1.35; 2-crown, loose, In sacks,
per lb., 4c; 3-crown, loose In sacks, per lb.,
5%06%c; 4-crown, per lb., 5V408c;
peas, 2.750.3.00; black-eyed beans. 3.00; gar
per shell, 12013 c; hard shell, 708 c; pecans,
7c; roasted, 808% c; California, raw, 4©sc;
12.50013.00; loose, 12.00.
LARD—Rex pure leaf, tierces, 8c; spe
cial kettle rendered lard, B%c. ,
CITRUS FRUITS—Fancy navels, 8.250
2.40 per box; fancy seedlings, 1.7502.00.
Cured fancy, 1.5O02.OO; choice, 1.26; green
lemons. 1.00; grape fruit, per box, 3.0004.00.
DRESSED MEATS—AII per lb.: Beef,
No. 1, 6%c; No. 2, 6Vic; hind quarters, No. 1,
9c; hind quarters, No. 2, 7c; ribs of beef,
10c; veul, 707% c; mutton, 7Vje; lamb, 8c;
pork loins, B%c; legs of pork, B%e; pork
spare ribs, 6c; pork tenderloins, 16c.
LIVESTOCK—Per lb.: Beeves, 3©l%c;
hogs, 4%c; lambs, per head, 1.6002.00; sheep,
per cwt., 2.5003.50: calves, per lb-, 3c.
CURED MEATS—Rex hams, lOVie; pic
nic hams, 6%c; No. 2, 894 c; select mild cure,
11c; fancy breakfast bacon, ll%c; dried
beef, 14% c; smoked tongues, 50c; dry salt
clear bellies, 16-20 ay., B%c; dry salt clears,
35-40 ay., 7%c; salt clear backs, 7%c.
TALLOW—Per lb., 2%©3V4c.
WOOL—Nominal.
HONEY AND BEESWAX—Honey In
wax. 20025 c per pound.
BEANS AND DRIED PEAS—Pink, 3.250
3.50; Lima, 3.25(83.50; Lady Washington, 2.40
02.60; small white, 2.5002.60; green field
peas, 2.7503.00; black-eyed beans, 3.00; gar
vancos. 4.0004.50; lentils, imported, 7.000
8.00;- lentils, California, 3.6004.00.
DRIED FRUITS—Apples, sun dried,
sacks, per lb., 5%5(6c; evaporated fancy,
608 c; apricots, fancy, 8c; choice, o'08c;
peaches, fancy, unpeeled, 607 c; pears, fan
, cy evaporated, 8010 c; plums, pitted, choice,
94110 c; prunes, choice, boxed, 609 c; sacked,
, 40iic; dates, 7%©Be; silver prunes, choice,
sack, 7%08c; boxes, 9010 c; figs, California
white, per lb., 607 c; California black, per
lb., 50d%c; California fancy, per lb., 7%0
10c; Imported Smyrna, 12%i?f15c.
NUTS—Walnuts, Los Angeles, 405 c; pa
per shells, 12013 c; hard shell, 74JSc; pecans,
94i12c; filberts, 12W12V4c; Brazils. 11012 c;
pinons, 10011 c; peanuts, eastern, raw, 6%0
tc; roasted, 808% c; California, raw, 405 c;
roasted, 6%517c.
MILLSTUFFS—FIour, local mills, 5.20
per bbl.; Stockton brands, 5.25; Oregon, 5.00;
eastern, 6.000 6.75; shorts, ton, local, 23.00;
rolled barley, per 100 lbs., 140; cracked corn,
per 100 lbs., 1.05; feed meal, per 100 lbs., 1.10;
bran, per ton, 81.00; graham, per 100 lbs.,
2.70.
HAY—Wheat, per ton, 18.00022.00; barley,
17.00G 18.00; oat, 17.005(20.00; alfalfa, baled,
18.60018.00: loose, 12.00.
GRAlN—Wheat, No. 1, 1.65; No. 2, 1.60;
corn, small yellow, 1.25; large yellow, 1.05;
barley, common, 1.35.
HIDES—Dry (as they run), 14c: do. kip,
ll%c; do. call, 16c; bulls, 7c; salt steers,
4%05%c; do. stags and bulls, 3%04c; cows,
6%07c; sheepskins, 506 c.
THE COMING MONTH
Forecast of the Weather Bureau for
August, 1898
The following data, covering a period of
twenty-one years, have been compiled from
the weather bureau records at Los An
geles, Cal., for the month of August:
Temperature-
Mean or normal. 72 degrees.
The warmest month was that of 1885,
with an average of 75 degrees.
The coldest month was that of 1880, wfth
an average of 09 degrees.
The highest temperature was 106 degrees,
on August 19, 1886.
The lowest temperature was 50 degrees,
on August 6, 1883.
Averuge date on which flrst "killing"
frost occurred, none.
Precipitation, ruin nnd melted snow-
Average for the month, .03 of an Inch.
Average number of days with .01 of an
inch or more, none.
The greatest monthly precipitation was
,61 of an inch, In 188H I
The least monthly precipitation was none,
ln 1877-9, 1882-3-7, 1891-3-4.
The greatest amount of precipitation re
corded ln any 24 consecutive hours was ,61
of an Inch, on August 31, 1889.
Clouds and weather-
Average number of clear days, 16; partly
cloudy duys, 14: cloudy days, 1.
Wind—
The prevailing winds have been from the
The highest velocity of the wind was 22
miles, from the west, on August 18,1855.
FAMOUS PRISONERS
Celebrities Who Have Suffered Cruel
Punishment
It seems strange to think of those whom
the world acknowledge as famous, and
whom It even respects, as having been in
prison and suffered torture, doesn't it?
But It's true, nevertheless. Probably the
most striking case Is that of Lord Loch,
Ihe late high commissioner of the cape.
After the Chinese war In the forties be
had, while attached to the British embassy
there, the misfortune to be captured by a
band of infuriated and ignorant Chinese.
They were savage at the losses they had
suffered and were ready for any brutal
acts of revenge on the hated English. They
took Henry Loch—as he then was—and his
companion and put them both Into narrow
cages, Just like wild beasts In a show, and
they carried them up and down the country,
exhibiting them to the enraged Chinese,
who Jeered them, mocked them and tor
tured them ln every possible way. Happily
for tbe two unfortunates, British soldiers
were not long la coming to the rescue when
tha new* ssoams known, and they, quite
contrary to their own expectations, thus
managed to escape and awful fate.
One who can tell also of the horrors of
foreign prisons under barbarous govern
ment Is Dr. Wenyon. the well-known Wei
leyan medical missionary. Who that saw
him sitting calmly and placidly at the We«
leyan conference, held ln Leeds some time
ago, would ever have suspected that the
minister with the thoughtful face and
sweet, kindly expression, had once been
seized by rude Turkish officials while trav
eling in the Euphrates district of Asli
Minor and thrown into the awful cell of n
Turkish prison house, there to languish in
utmost torture, physical and mental, until
his friends ln England brought sufficient in
fluence to besr upon the sultan's enrrlssarte*
to secure his release?
The British parliament contains at leas',
two men who hove wasted away under tin
terrible regime of English prison life, and
to whom, at that time, life seemed utterly
hopeless and lost.
One of them, Michael Dnvltt, than whom
there are few ordinary members of parlia
ment more respected, both Inside and cut
side the house, served long years ln penal
servitude from being connected with Fon
lanlsm. How much It told on his physical
frame no one will ever be able to say, but
it must have been Inexpressible torture, to
a man of h* susceptibility and high Intelli
gence, and the fact ot it Is no credit to Eng
land.
Another member of parliament, Mr. J.
F. X. O'Brien, can go still further, and
boast of what probably no other citizen
can—viz., that he was tried for "high
treason," found guilty and sentenced to
death "as a traitor!" It Is, of course, super
fluous to say that this barbarous monstros
ity of a sentence was never carried out,
though before Mr. O'Brien obtained his
perfect freedom he had had more acquaint
ance with prisons and prison life than the
average man Is likely to care for.
Dr. Jameson, as everybody knows, car.
boast of an acquaintance with Holloway
jail not Inferior to that of most men. And,
as everybody knows also, it was for what
at tha worst can only be set down? as a mis
taken Idea of colonial policy for South
Africa. Those who saw the doctor before
his trial and those who saw him after could
scarcely recognize the* same Individual In
the feeble, wan-looking man who was re
moved so carefully, under medical care, af
ter fifteen months' sojourn in her majesty's
prison at Holloway, compared with the
bronzed, wiry-looking official of the veldt
whom they had formerly known.
Of Sir John Wllloughby and Major Cov
entry, sentenced for the same cause, but
for a lesser time, one may make similar re
marks. Yet that men who have gained high
renown ln fighting for Britain's sovereign
should be subjected to such degradation
as herding with convicts and felons seems
to suggest something wrong ln the English '
prison system.
The dowager duchess of Sutherland was,
too, as many will recollect, some time In
prison for "contempt of court." Holloway
also was, If we are correct, her experience
In prison life. The lady had destroyed some
papers which she said were private to her
self from the late duke, and which the
court had ordered to be produced. She re
fused to give them up, and many people
applauded her for doing so. The court, how
ever, decided that she had treated it with
"contempt," and committed her to prison
Even as a "first-class" misdemeanant her
experiences cannot have been very desira
ble.—Pearson's Weekly.
THE APPETITE CUBE
Mark Twain's Latest Exploit in an
Appetite Cure
Mark Twain's latest European exploit is
to be treated at an "appetite cure" In Bo
hemia. He does justice to this institution
ln the August Cosmopolitan. When he ar
rived the doctor looked him over.
"The mere sight of food offends you,
does It?" said the doctor.
"More; It revolts me," said Mark.
The doctor considered awhile, then got
out a long menu and ran his eye slowly
down it.
"I think," said he, "that what you need
to eat Is—but here, choose for yourself."
"I glanced at the list, and my stomach
threw a handspring. Of all the barbarous
layouts that were ever contrived this was
the most atrocious. At the top stood
'tough, underdone, overdue tripe, gar
nished with garlic;' half way down the bill
stood 'young cat, old oat, scrambled cat,'
at the bottom stood 'sailor boots, softened
with tallow—served raw.' The wide inter
vals of the bill were packed with dishes
calculated to Insult a cannibal."
The doctor did not press him to eat, but
Invited him to go to his room. When they
got him there they locked him in and left
him.
"When I had been without food for forty
five hours," says the patient, "I ran eagerly
to the bell and ordered the second dish on
the bill, which was a sort of dumpling
containing a compost made of caviar and
tar.
"It was refused me. During the next fif
teen hours I visited the bell every now and
then and ordered a dish that was farther
down the list, always a refusal. But I
was conquering prejudice after prejudice
right along; I was making sure progress; I
was creeping up on No. 16 with deadly cer
tainty, and my heart beat faster and faster
my hopes rose higher and higher.
"At last, when food had not passed my
Hps for sixty hours, victory was mine, and
I ordered No. 15:
" 'Soft boiled spring chicken—ln the egg,
six dozen, hot and fragrant!'
"Then the head of the institution ap
ppeared on the scene.
" 'It's a cure, it's a cure!' said he. ' I
knew I could do It. Dear sir, my grand
system never fails—never. Tou've got your
appetite back—you know you have; say
it and make me happy.'
" 'Bring on your carrion—l can eat any
thing on the bill!'
" 'Oh. this Is noble, this is splendid—but
I knew I could do It; the system never
falls. How are the birds?'
" 'Never was anything so delicious In the
world; and yet as a rule I don't care for
game. But don't Interrupt me, don't—l
can't spare my mouth. I really can't.'
"Then the doctor said:
" The cure Is perfect. There Is no more
doubt nor danger. Let ths poultry alone;
I can trust you with a beefsteak now.'
"The beefsteak came—as much as a
basketful of it—with potatoes and Vienna
bread and coffee; and I ate a meal then that
was worth all the costly preparation I had
made for It. And I dripped tears of grati
tude Into the gravy all the time—gratitude
to the doctor for putting a little common
sense Into me when I had been empty of It
so many, many years."
A Watch and a Cane
The prises this week In The Herald's
"spelling match" are a handsomely en
graved hunting case sliver watch and a
gold-headed cane. See announcement else
where In this paper.
Santa Fe Trains to Redondo
Leave La Grande station dally at 8:55 a.
m., 1:80 p. m., 6:35 p. m.; Sundays at 8:80 a.
m., 8:66 a. m.. 1:80 p. m., 7p. m.. Last train
Sundays leaves Redondo t p. m. Downey
avenue six minutes earliest Central av
enue twelve minutes later.
■ " ' "'- ~' --------- A '•- ■ v
1 The Heralds ; M
Spelling School
H Weekly Prizes for Detecting Misspelled Words
| Contest No. 5
M Partly as a diversion, partly as a means of encouraging better spelling,
H but more than anything else to promote close and careful examination of all
it Its advertising, The Herald gives prizes weekly for the detection of misspelled
gj words In Its advertising columns. THE FIFTH CONTEST begins with
|S the Issue of SUNDAY, JULY 31.1898. and will close on that of SATURDAY,
■A AUGUST 6, 1838. The prize for the fifth contest will be either a LADIES'
8 HUNTING-CASE SOLID SILVER WATCH OR A GENTLEMAN'SGOLD
■ HEADED CANE. The person calling attention to the largest number of
fig errors In ihe daily Issues of the week specified will be given his choice of the
P two articles mentioned, FROM LISSNER & CG.'S.
| . . The Prizes . .
v The watch and cane will remain on exhibition all ihe week ln the south
■ show window of Messrs. Llssner & Co.'s Jewelry store, 235 South SpYlnajstreet,
and may be examined by anybody interested. - y
H Competition will be open to everybody, excepting employes of. the P»R«r and B
persons who have been awarded prizes in previous contests, whether subscrlb- ta
P ers or not. o« I
Rule*} Governing the Contests 1
* The authority for all spelling must be the dictionaries in common use. f|
B Words sanctioned as correct at the present time by either Webster, Worcester, m
IK the Standard or the Century dictionary will not be considered misspelled. ($
Proper names cannot be counted. jj
y Capitalization and hyphenation are to be disregarded. ji
f| Foreign words are excluded, as are also abbreviations, unless they are H
H manifestly wrong. y
|| Mistakes due to the brenklngof the type during printing are not to be n
H counted. For Instance, the tall of ay Is sometimes broken, so that It looks like l|
I it, w
m Every competing ln this fifth contest must send to .jThe Herald counting fi
B room by Wednesday morning. August 10, a list of the misspelled words, with M
M the correct spelling, the advertisements ln which the errors appear, with the ■
f| name and address Of the advertiser and the date of the paper, alt ln one line, as n
|| follows: m
H Retlrehig—Retiring. Diamonds and Watches, Llssner & Co., 235 S. Spring St., Js.se 12 fl
■Jt Hereafter, in cases where THIS direction is NOT FOLLOWER EXACTLY, M
■ the list at fault will be thrown out, no matter how many misspellings It
Hi notes. 'k
W, Noto ot TOP of the list the number of misspelled words It contains; follow
;! this with your name and address, ABOVE THE LIST.
y No list will be considered which ks received after 9 oclock a. m., Wednesday,
August 10, 1898. "
Lists will be numbered in the order of their reception. In case of a tie,
M priority of receipt, as shown by the number, will govern the decision. "> }
As soon as it can be decided who is the winner in the contest, his name and
juj list of misspelled and corrected words will be published ln The Herald, and the
I prize will be at his disposal. *
y Everybody except the winner In a previous contest \
' • Is Invited to compete.
\ THE HERALD PUBLISHING CO.
OLDEST AND LARGEST BAN X IN SOUTHERN CALIFORNIA
pARMEBS AND MERCHANTS' BANK OF LOS ANGELES, CAL.
Capital paid up 9500,000.00 »
Surplus and reserve 9925,000.00
I W. HELLMAN. President: H. W. HELLMAN. Vlce-Pres.; H. J. FLEISH
MAN, Cashier; G. HEILMAN. Assistant Cashier. Directors—H. W. PERRY. O. W.
CHILDS, J. F. FRANCIS, C. E. THOM. I. W. HELLMAN, JR., H. W. HELLMAN.
A. GLASSEL, I. N. VAN NUYS, L, W. HELLMAN.
Special Collection Department. Correspondence Invited. Our Safety Deposit De
partment offers to the public safes for rent In Its new Fire and Burglar-Proof Vault,
which Is the strongest, best guarded and best lighted In this city.
THE NATIONAL BANK OB CALL? OBNIA
At Los Angeles.
Capital and Pro fits, 9270,000.00
OFFICERS DIRECTORS
S. C. HUBBELL President 8. C. HUBBELL. T. E. NEWLIN, O. H,
O. H. CHURCHILL, First Vice President CHURCHILL, J. M. C. MARBLE. O. X
O. T. JOHNSON....Second Vice-President JOHNSON, JOS. D, RADFORD, W. & Da)
A. HADLEY Cashier VAN, CHAS. MONROE. N. W. STOWELL,
JOS. D. RADFORD Assistant Cashier H. M. LUTZ. FRED O. JOHNSON, JOHS
R. I. ROGERS Assistant Cashier E. MARBLE, A. HADLEY.
|_OS ANGELES NATIONAL BANK
United States Depository
CAPITAL $500,000.00 SURPLUS .$50,000.00
Total $560,000.00
GEO. H. BONEBRAKE President WARREN GILLELEN....VIce-Presldsnl
P. C. HOWES Cashier E. W. COB Assistant Casblel
DIRECTORS
Geo. H. Bonebrake, Warren Glllelen, P. M Green, E. P. Johnson. Wo, H. 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 ns
preferred creditors. t
SECURITY SAVINGS BANK
Corner Me.in and Second Streets
OFFICERS DIRECTORS *
H. W. Hellman, J. F. Sartorl, w. L Graves.
J. F. BARTORI President H. J. Fleishman, C. A. Shaw, F. O. John*
MAURICE S. HELLMAN.VIce-Presldent son, J. H. Shankland, 1. A. Graves, M U
W. D. LONOYEAR Cashier Fleming, M. 8. Hellman, W. D.. Long-yean,
Interest paid on term and ordinary deposits
Money loaned on flrst-elass real estate
CIRST NATIONAL BANK OP LOS A NGELES ,
Capital Stock $400,000 Surplus and undivided profits 6«sr $360,001
J M. ELLIOTT PresldentW. G. KERCKHOFF. Vloe»Preeiden»
FRANK A. GIBSON CashlerW. T. S. HAMMOND....Assistant Cashlet
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 9100,000
Junction of Main, Spring and Temple streets, (Temple Block), Los Angeles.
OFFICERS AND DIRECTORS—T L. Duque, President; LN. Van Nuys. Vice-
President: B. V. Duque, Cashier; H. W. H ellman, Kaspare Kohn, H. W. OMelveny.
J. B. Lankershiro. O. T. Johnson, Abe Has s. W. G. Kerckhoff.
Money loaned on real estate. Interest p aid on term and ordinary deposits.
SOUTHERN CALIFORNIA GRAIN AND STOCK COUP ANT
2121-2 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 BXBCUTED
Dally report mailed upon application. F. P. BURCH A CO.
I OS ANGELES SAVINGS BANK
230 North Main Street
J. B. Plater, President; H. W. Hellman, Vice-President: W. M. Caswell, Cashier.
Directors—l. W. Hellman. J. E. Plater. H. W. Hellman, L W. Hellman, Jr.. W.
M. Caswell.
Interest paid on deposits. Money to lo an on first-class real estate.
QERMAN- AMERICAN SA VINOS BANK
Paid Up Capital and Profits, 9150,000.
COR. MAIN AND FIRST STS. Victor Po net. President; L. W. Blinn and C. N.
Flint, Vice-Presidents; M. N. Avery, Cashier; P. F. Schumacher, Assistant Cashier. I
Interest paid on deposits. Money loaned on real estate.
SOUTHERN CALIFORNIA SAVIN OS BANK
158 North Spring St Interest Paid on Deposits
DIRECTORS—J. H. Braly. J.M. Elliott, H. Jevne, Frank A Gibson, Simon Malar, i
W. D. Woolwtne, W. C. Patterson. Safe Depoalt Boxes for Rent.
Glass & Long Blank Book Matwkm\etewtn M
211-218 MEW tlMtt ft, Vm AkW9O~ , /TjwMrl. | j
11