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The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, August 04, 1898, Image 11

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THE INVESTOR
"if Conducted by GEO. A. DOBINSON
CAUTION TO NOTARIES
THE REVENUE COMMISSIONER'S
WOBBLY DECISIONS
LOCAL REAL ESTATE MARKET
The Monthly Returns Show a Slight
Improvement—Building Trades
Reviving—Bank Mortgages
OFFICE OF THE HERALD.
LOS ANGELES, August 5. 1898.
A matter of considerable Importance to
those who (have any dealings ln real estate
is the Interpretation of the law requiring
the stamping of certain documents.
Not only Is the real estate dealer, the
searcher of titles and the Investor for
protlt in real estate concerned ln having a
thorough understanding of what the law
requires, hut it also affects the man who
makes Just the one Investment in a home,
perhaps tho only purchase of the sort he
would make in a lifetime.
To an ordinarily constituted mind it
wouhl seem that the provisions of a law
of this kind, which merely provides what
documents should be stamped and what
stumps they would bear, would bo so sim
ple that any reader should be able to un
derstand Its meaning.
Why Is It, therefore, rendered necessary
to send so many telegraphic dispatches to
tho commissioner of Internal revenue, the
attorney general and other high function
aries, to supplicate for interpretations of a
law that ought to be plain to any average
Intelligence?
Every deed before it may be recorded
must hear a certitleate of acknowledge
ment under the seal of a notary, or other
properly qualified officer, which is the
iroof required by law to show that the
signature to the Instrument in question is
genuine.
Now the war revenue law of 1898 says
that a stamp tax of ten cents shall be paid
on a "certitleate of any description re
quired by law not otherlwse spcoUicd In
this act."
A notarial certificate being a certificate
"not otherwise specified" as aforesaid,
would seem to require a ten cent stamp.
At least tihat is the Interpretation that
an ordinary wayfaring man would give
to so apparently simple a proposition.
The commissioner of Internal revenue,
not being an ordinary man in any sense of
the word, decided on the second of July
that the stamp tax need not be paid on
notarial acknowledgments. He sent a
telegram to that effect to the Title Insur
ance and Trust Company of this city. On
the 12th of July the commissioner sent a
message to the recorder of Wilmington,
Del., In which he said "certificates of ac
knowledgment to deeds, mortgages or
other legal Instruments are required to be
stamped with a ten cent stamp as a certi
ficate in addition to the stamp required by
law for the Instrument itself.
Having thus reversed himself, the com
missioner sends yet another decision under
date of August 2d to the Title Guarantee
and Trust Company of this city in which
he says:
"Notarial acknowledgments do not re
quire a stamp when the instrument to
which they are appended is stamped.
"N. B. SCOTT, Commissioner."
Having thus achieved the unusual feat,
for a government official, of turning a
double somersault, the public is left ns
much ln the dark as ever as to what is the
official Interpretation of the law. Fortu
nately Commissioner Scott is not a court
of last resort in such a matter, and the de
cision of prominent attorneys here docs
not appear to be In line with the last wob
ble of the commissioner.
Tbe language of the act appears to be
perfectly plain ln requiring a notarial cer
tificate of acknowledgment to be stamped.
Senator White is quoted as authority for
the statement that It was so intended
when the bill was discussed and passed.
Anil in spite of the commissioner's latest
change of front, leading attorneys yet ad
vise the putting on of a stamp to the certi
ficate of acknowledgment.
It is, to suum up, a matter In which It be
hooves the buyer in every case to beware.
He must exercise every precaution to in
sure the procuring of a good title and save
himself the risk of suits and other after an
noyances.
Financial Prospects
Henry Clews In his latest New York cir
cular Just to hand, says:
The controlling Influences just now are
the encouraging conditions In agriculture
and Industry. Upon these our future pros
perity chiefly rests. War may prove a stim
ulus to trade, but genuine prosperity was
never built up on a war basis. It is more
Important to know that the farmers have
had one prosperous season and are getting
out of debt nt an astonishing rate. An
other season of large crops, fair prices and
good exports Is In prospect. Cotton Is very
low ln price, and a large yield is anticipated,
but the cost of production has been greatly
reduced, so that growers will not suffer
hardship. The South has also benefited hy
large fruit crops and a decided improve
ment In Industrial conditions there. In
New England the industries, especially
textiles, are not In satisfactory shape; but
the situation is improving. In the central
West manufacturing of all sorts la ln ac
tive progress. The production of pig Iron
during tho last six months was 6,000,000
tons; much the largest half year's produc
tion In our history. Our foreign trade has
resulted in a heavy trade balance in our
favor, which promises a large Influx of
gold, not tn speak of the amount likely to
be soon received from the Klondike. The
extension of our territory also fore
shadows a more active foreign trade.
Money Is easy; confidence Is rising, and all
the chief trade forces seem to be concen
trating in the direction of business revival.
Under such conditions railroad prosperity
must be continuous, and It Is for such rea
sons that we have Implicit confidence In
higher prices for stocks later on.
An Obnoxious Tax
In the opinion of the Financial Record
the government might show a little wis
dom ln getting certain of the war taxes out
of the way as quickly as possible, espec
ially the tax on sales and transfers of
stock and of commodities in the various
exchanges of the country. The restriction
of stock trading Indicates how the stock
exchange feels the tax, and the increase In
bond trading on which there Is no tax, In
dicates how the tax can be avoided. But
It is done at the expense of a large specu
lative market for stocks, the effect of
which will be felt later on, and at the same
time It will go far to prevent the bringing
In of capital to Industrial development for
which the country Is now ready and prove
a decided check upon the growth of busi
ness and the restoration of general pros
perity.
Local Real Estate
The transfers for July were 757 In num
ber, of which 251 were for nominal consid
erations, and amounted to $ilSfi.6s7.
The transfers for July, 1897, were M4O in
number, and amounted to 1973,924.
July Building
During the month of July the superin
tendent of buildings Issued 124 permits,
amounting to $221,294, viz:
86 new buildings 1219,220
28 alterations and repairs 8.260
11 removals I.SOS
124 1221,294
During July. 1897. there were 153 permits
Issued, aggregating $202,051.
Mortgages—July, 1898
(Monthly Statement.)
No. Asjit.
U. S. Mtge & Trust Co 2 $13,.>1xi
So. Cal. hay. Bk 8 12,800
Main St. Say. I3k 2 10.700
Union Hk. of lav 8 6,350
(ierman-Amer. Say. Hk 7 5,550
Security Say. Bk 3 4.1*10
So. Cal. L. Ass'n 3 8,200
Fidelity Say. A L Ass'n 3 2.10 a
State Bk of Plymouth 1 2,300
San Gabriel Valley Bk 1 2.200
L. A. Say. Bk 1 1,600
Bast Side Ilk 1 1,300
German Say. & L. Soc 1 1,000
State L. A T. Co I 050
Azusa Valley Bk 1 GijO
Metropolitan L. Ass'n 1 400
Bk of Santa Monica 1 175
Bk of San Pedro 1 Kifl
B. A L. Ass'ns 45 20,560
Private Individuals 290 317.747
Totals 383 $114,042
Releases—July, 1898
(Monthly Statement.)
No. Ami.
Farmers & Merchants' Bk 1 Sttn.oou
Union Trust Co, of S. F 1 15.000
Security Say. Hk 4 14,600
Security L. & T Co 7 10.235
Savings Uk of So. Cal 3 8.1150
Columbia Say. Bk 3 7.100
Main St. Say. Bk 1 6.000
(lerman-Amer. Say. Bk 3 S.jon
National Trust Co 1 3.000
State Bk of Plymouth 1 1,500
Union Ilk of Say 4 1.405
State L. A T. Co 1 I,SOO
Bk of Santa Monica 2 700
Azusa Valley Bk 1 Gift
Title, Ins. & T. Co 2 575
Hk of San Pedro 1 200
B. & L. Ass'ns 31 22,023
Private Individuals 263 34,083
Totals 329 $136.533
The Week's Transactions
Transfers for tho week ended August 2d
were 184 in number and amounted to $127.
--713, as against is* amounting to $334,195 the
preceding week and 188 amounting to JIS,
--739 the corresponding week of last month.
Mortgages filed for tho week ended Aug.
2d were 77 in number and amounted to
$93,099. as against 87 amounting to $121,117
the preceding week and 118 amounting to
$1,356,9i)6 the corresponding week of last
month.
Releases of mortgages for the week ended
Aug. 2d were 73 In number and amounted to
$76,545. us against 70 amounting t0584,768 the
preceding week and 86 amounting to $135,397
the corresponding week of last month.
Building Permits, $1000 nnd Over
(Weekly Statement.)
Mrs. S. H, Van Nuys, Alta Planing Mill
company, builders; 2-story frame 20-room
residence, with attic and basementTnorfh
east corner Sixth nnd Lotna drive; $18,000.
Emma M. Wood, owner; E. S. Rowley,
builder: 2-story S-room frame residence,
West Twenty-fifth street, between Rose
dale and Congress; $2000.
C A. Smith, owner; 4-room cottage, 791
East Fourteenth; $1000.
Mrs. Kate P. Miller; J. M. Mitten, build
er: 2-story S-room frame residence, West
Sixth, opposite Park View; $4300.
Mrs. E. Smead, owner; H. W. Stewart,
builder; 2-story 8-rooml frame residence.
Eldcn, near Magnolin; $2300.
H. M. Jeffrey, owner and builder; 2-story
8-room residence, West Eighteenth, near
Toberman; $1000.
Nineteen permits under $1000, $4250.
Total, 25 permits, aggregating $33,030.
Last week there were nineteen permits is
sued, aggregating $52,900.
Among the Architects
Greene & Greene of Pasadena are pre
paring plans for J. Swan for an elegant
residence to be built on E. Colorado, near
Los Robles. Smith & Elder have pre
pared plans for the trustees of the Bassett
sclsool dist riot, lying bet ween Azusa, Covlna
and El Monte, for a frame school building.
28x40. containing school room, library, ves
tibule and cloak rooms. C. L. Strange
has prepared plans for the trustees of the
Boys and Girls' Aid society for a two-story
frame building, to be used as a home, l't
will be erected upon the site of the old
building destroyed by lire at South Pasa
dena. It will be 54x60 feet and wilrbontain
about sixteen rooms. Our monthly re
port, which is compiled from data gathered
each day at the city hall ami court house,
shows quite an improvement In the build
ing trades. Tt also shows the the business
Is principally Confined to t he erection of res
idences. There are a number of business
buildings under construction, and those in
contemplation have their obstacles to over
come. We may confidently expect to see
many new schemes and improvements ma
terialize during the next six months that
have been held In check by the unsettled
condition of the harbor question', the dry
season and the war.—Builder and Con
tractor.
Transfers, 31000 and Over
(Dally Statement.)
P. E. Flammcr to Mac E. Cross—Lot
132, Westlnke Park trt $1,000
T. W. Hand et al. tu T. Smart—Part
farm lot 24A. Alamltos trt 3,000
Stella M. Bumiller to G. Heberle—
Bummiller prop 4,300
L. B. Sharpless to J. L. Gnles—Part
lot 4, Maxson's sub. of Gunn A Haz
zard's sub. of Colima trt 1,750
M. W. Stimson and W. E. MoVay,
trustees, to Union Hk of Say—Lot
19, blk 11%, O. S 9,674
J. S. Hlcknm et al. to J. A. Urhine—
Lot 15, blk C. Johnston trt 1,200
B. Loynes and C. Berg to T. Goss—
Lot 8. blk B, Menlo trt 1,300
A. Classen to F. Eaton—All int. in lots
5 to 10, Eaton's sub. of blk 3 and part
blk 6, Woolen Mill trt 1,500"
J. S. McArthur et al. to P. F. Durfy—
Part Sees. 13 and 13, 1 S. 15, also
part Sees 7 and 8, 1 S. 14 2,000
Twenty-two transfers under $1000, of
which eight were nominal 5,329
Total 231,233
Mortgages, $1000 and Over
(Dnlly Statement.)
Emma t*. and R. Arnez to W. Guen
ther—Pnrt lot 10, blk B, Moreno
Vineyard trt. 4 yrs, 9 per cent $2 000
Mary E. Dobbs to Mutual B. & L.
Ass'n of Pomona—Lot 10, Ogle &
Crnbb's sub. of Rice trt, 8 yrs, 9 per
cent 1,000
J. H. and Mrs. Emma H. Hege to W.
H. Avery—Lot 18, sub. of part Carr
trt, 1 yr, W% percent 3,000
Agnes M. Van Slyck to C. A. Wlllard
et al.—Lot 17, sub. of lot 10. blk C,
San Pasqual trt. 2 yrs, 10 per cent 3,000
J. L. Gales tn J. A. Cole— Part lot 4,
Maxson's sub. of sub. of Gunn &
Hazzard's sub. of Colima trt, 5 yrs,
9 per cent 2 000
S. A. Butler et al. to Union Bk of
Say.—Lot 1, blk 3. Hammel & Den
ker trt, 1, 2. 3 yrs. 10 per cent 2,500
Six mortgages under $1000 3,900
Total $17,100
Releases, $1000 and Over
(Daily Statement.)
A. D. Tower to W. P. Mcintosh and
S. H. Marlette, 374-307 $1,400
Security Say. Bk to M. S. Tyler et al.,
518-70 2,80(1
State B. & L. Ass'n to J. Meyers, 560
--209 1,000
Pacific Mut. B. & L. Ass'n to I. A.
Hodpklns. 519-12 1,100
G. Heberle to C. Bumiller, 601-89 6,600
State L. A T. Co. to C. Mondon, 434-66 1,500
fourteen releases under $1000 7,568
Total 420,258
LOS ANGELESr HERALD: THURSDAY MORNING, AUGUST 4, 1898
ON 'CHANGE
Conditions as Shown by Transactions
on Wall Street
NEW YORK, Aug. 3.—There was no great 1
outburst of speculative enthusiasm in the
stock rnark-t today as a result of the pc toe
news. The markgt broadened out mate
rially anr] was confidently strong nil day.
but Inquiring observers feel considerable
doubt whether the pence prospects had
much to do with the rise, of much more ef
fect is the genrally growing conviction that
the dullness of the local money market is
not at all due to sluggish trade conditions,
but rather to the abundant supplies of
money at Interior points to meet the re
quirements of expanding business and tbe
movement thus far of the crops. Yester
day's gold Imports resulted In stiffening
foreign exchange ami in appreciably eas
ier money rates f,, r time loins. Exchange
.experts are not able to tlgure any profit
on the gold Import operation at the present
level of exchange, and the engagements
must be accepted as nntlcipative of future,
conditions. The general tenor of talk hesrd
In Wall street Is nil of expected increase of
trade and Industrial expansion. The gen
eral view In the street is unmistakably bull
ish. The strengln of the market today was
taken advantage of to realize profits in
some of the recently manipulated indus
trial specialties, but there was a broad and
comprehensive demand for the Standard
stocks, the Grangers and the favorite divi
dend payers lending.
Dealings In bonds wore also active and
w. ll distributed, A feature of the day was
the rise to parof the Northern Paclllc fours.
This is one of a large class nf similar bonds
issued lately (or reorganisation,-which have
been favorites In the bond mnrket. The
Northern Pacific mortgage is the flrst of
them to rise to par. There was a very large
absorption of other railroad bonds, which
have been gaining added security from the
largely Increased -arnlngs by railroads in
ihe last fiscal year. Total safes, $6,575,000.
United States fours, fives and the old
lives, registered, advanced %. and trio
threes, when Issued, % in the bid prices.
Closing Stocks
NEW YORK, Aug. 3.—The following
are the closing prices on the New lurk
stock exchange today:
Atchison 1314 do 2d pfd.... 2>%
do pfd.... 34% St Paul ltw'i
Baltimore &o. 13% d 1 pfd 162<4
Canada Pacific.. 84 St PA Omaha... 83%
Canada South.. 57)4 do pftl 153
C Pae ex 16% st i> m & M 162%
Ches A 0hi0... 22ft Southern Pacific. 20
(hi A Alton. ...15:11, g„ Hallway S%
CB & g 108$ djo, pfd UlTi.
Chi &15 111.... 66 Texas & Pacific, lift
CCC A St 1,.. 12 v P pfd C 2%
. dtiv pfd.... 84 rpD& (i 5
Del & Hudson.lilt; Wabash 7%
P I' & W 151 do pfd 1914
Del & RtONG.... 12(4 Wheel & L 10 — 1%
do pfd.... si>% do pfd 12
Erie (new) ... 18% Adams fix 102%
do Ist pfd.. 35 American Ex....133
Fort Wayne,...171 United States Ex, 11
Gt Nor pfd, ex Wells Fargo 118
dlv ex rlghtsj)>2% Am Cotton 0i1... CT-K
Hocking Val... i% d.) pfd S3
Illinois Cen ....107% Am Spirits 12%
Lake E A \\\. 14 do pfd 36
dp pfd.... 71 Am Tobacco 125%
Lake 5h0re....182% do pfd 130
Louis A Nash.. 5414 people's Gas 99
Manhattan L.,106% Con Gas 198%
M. tst Ry i.v,» 4 com CahleCn....l7o
M eh Central..-107% Col F A 1r0n.... 19%
Minn & St L.... 21 do pfd 90
do Ist pfd.. 86% Gen Electric 40
MO Paclllc 36 Illinois Steel .... 58
Mobile A Ohio. 27 La Cl.de Gas.... 3%
MX AT 11 Lead 37%
do • pfd.... 34 do pfd 10:1%
Chl A L M Nat Linseed Oil.. 7%
do pfd.... 32 Pacific Mall 31%
N J Central 90 Pullman Palace.lß9%
N V Central...llß% Silver Cert 58%
N YC& St L.. 12% Standard RA T. \\
do Ist pfd.. 60 " Sugar 139%
do 2d pfd... 33 do pfd....113%
Nor West 15 TC & Iron 25%
N Amer-C0.... 6% us Leather 7%
North Pacific. Slj% do pfd C'%
(11 pfd.... tm V S Rubber 40%
Ontario A W.. 15% do pfd 78%
Ore it A Nov.. 49% Western Union.. 93"
Ore Short Line 28 Chicago & NW..152M
Pittsburg 170 do pfd 175
Reading 17% Chicago A G W. 13%
Rock Island.... 97% St LAS W 5%
Bt L & S F,... 71J Reading Ist pfd.. 11%
do Ist pfd 62% Brooklyn R T.... 58%
Bond List
NEW YORK, Aug. 3.—The following
are the closing prices of bonds on tho New
York stock exchange today:
U S new 4s reg,l27\ N J Cus 112%
do coup 127% N Carolina 6s 125
US 4s 111% do 4s I|os
do Qailp....Hj% N Pacific lsts —112%
do Sis 97 do 3s 64%
TT S 5s reg 112 do 4s lob
do 5s coup.ll2 NYC & St L ....11)7
District 3s 66...1W% Nor & W 6s 121
Ala Class A....108 N W Consols.. ..141%
do B 100 do deb os 117V5
do C 90 O Nay lsts 112
do Currency 9(1 do 4s 98
Atchison 4s 983 O S Line 6s t r..125%
do adj15...71% do 5s tr 103%
Can So 2ds 109% Pacific Gs of 95. ..102%
Can Pac lsts.. — Heading 4s 82%
Chicago Term. 87 R G W lsts 89
C & Ohio r,5... .115% SLA I M con ss. 99
C H A D 4%5...104% BL & 8 F gen 6s. 118%
D & It G 15t5..110% St P Con 143%
DA R G 45....95% St l'&C P lsts..lTS
East Term lsts.HjfiV* 6Vt 5s 110
Erie Gen 15.... 78% So Railway 55... 95%
F W A D lsts tr 73-% S C non-fund... -
Gen Elec 6s 106% SRAT 6s 67
G II A S A G5...104 Term new set 35.. 91%
do 2d5....105 Tex P L G lsts.. 106
11 A T C 55....110 do reg 2.15... 43%
do Con lis.lll Union Pac 4s 97%
lowa C 15t5....102% U PDA Gists., 7(s
X P Con t r.... — Wabash Ist 65,..1i1T%
X P Ist (D D) tr — do 2ds (*)
L A new con 45.103 do 3s 91
I.A Unl4s v» Va Centuries 72
Missouri 6s 100 W Shore 4s 1(19
M X A T 2,15.. 63% U I'pfd 59%
do 4s 90% Va Centuries.... 72
N V Cen 15t5..116 do dfd 4
London Markets
NEW YORK. Aug. 3,-The Evening
Post's London financial cablegram says:
The markets here were quiet today, but
of a Kpod tone, and prices were well main
tained. The principal feature was tbe rise
In such stocks as Spanish, Egyptian, Bra
zilian and Argentine. Spanish securities
were largely bought on French orders.
Americans were In good sympathy with
the rise iii New York. There was some
professional buying here. Prices closed at
about the best. Grand Trunks were steady
In spite of bad traffic returns.
The le-st quarters look for further gold
shipments to New York. Nevertheless, the
London discount rate Is a trifle easier, Tie
cause of the plethora of money. The scar
city of bills and the steadiness of continen
tal' exchanges.
Treasury Statement
WASHINGTON. Aug. 3.—Today's state
ment of the condition of the treasury
shows: Available cash balance, 1264,938,189;
gold reserve. $189,023,(126.
Spanish Securities
LONDON, Aug. 3.—Spanish fours closed
at 41%. a net advance of 1-14-
PARIS. Aug. 3.—Spanish fours closed at
41.75, a net gain of 1.70.
Silver Bullion
SAN FRANCISCO. Aug. 3.—Silver bars,
57% c; Mexican dollars, [email protected]%0.
CHICAGO MARKET
Prices and Prospects of the Trade In
Cereals
CHICAGO. Aug. 3.—Higher Liverpool ca
bles, as a result of wet weather throughout
England, gave wheat a good start here.
The domestic receipts were still more no
ticeably small than they were yesterday.
That was a further reason for strength,
and as the figures were made known the
first hour of the session, an addlton was
made to the advance. Chicago received only
108 cars, against 130 last year. Business in
the pit was quite active at times, but not
much of It came from outside of Chicago.
There was nn active demand for wheat for
shipment east. The quotations from Paris
were at about a cent a bushel reduction.
This weakness caused a break in the bull
ishness here, but the market soon revived
when it became rumored around that the
quantity sold here for prompt shipment
east amounted to 400,000 bushels. Septem
ber closed %c higher and December gained
%c.
Improved prospects for the corn crop,
brought about by plenteous rains, weak
ened corn. Moderate selling by the coun
try caused prices to fall off early. Later,
however, the Initial loss was partly recov
ered on buying against puts and a better
export demand. The close wits %c lower for
September.
A good shipping demand and considerable
buying for the outside account held cnYts
firm. Crop damage reports were also an
Influence. September rose %®%c on the
day. *
Provisions furnished a sensaton on ex
cessive selling by some of the prominent
packing Interests. At one time pork was
off sflc, lard 2flc and ribs 30c. Covering by I
shorts to secure profits resulted in a re- i
action, but the market received no sub- \
stantial support and the feeling remained
weak throughout the session. Traders gen- '
era!ly were mystlft d by the sudden demor- !
nllzatlon, but several operators wi re of tbe 1
opinion that the good pro-pert for tending ■
the war with Spain was responsible. Sep- (
tember pork declined 30c, lard 15c, and ribs
20c.
SAN FRANCISCO MARKET
Call Board Dealings and Prices ot
Produce
SAN FRANCISCO. Aug 3.—Wheat-
Quiet; December, 1.24.
Barley—Quiet; December, 1.17%.
Corn—Large yellow. 1.1001.12V4.
Bran—ls.6CKß 16.00 per ton.
Flour—Family extras. 4.4004.60 per Mil,;
bakers' extras. 1.1604.26.
Wheat—Shipping, 1.17H01.20 per cental;
milling. 1.301(1.40.
Barley—Feed, 1.17H01.2O; brewing, aom-
Inal,
6ats—Poor to fair, 1.17H®1.22M|; good to
choice. 1,2691.20; fancy feed. 1.82H; gray,
1 2Z'j4r 1.25; milling. 1.22V401.27H; surprise,
1.32V401.56.
Millstuffs— Middlings, 15.001f2t1.00 per ton;
liran. 18.00616.00.
Hay—Wheat, 14.00018.00: wheat and oat.
14.00ijl7.00; alfalfa. 12.00® 18.00; barley, 14,00
01KOO,
Dry Beans—Pink, 2.0032.00 per cental
small white, 2.00112.15.
Vegetables—Onions. 701750.? per cental;
green pens, 2.6008.00 per sack; tonT3.TJes,
Kl'lVic per lb.; rhubarb, 30'y'750; squash,
50c,
Ercsh Fruits — Pears, Bartlett, S3o
1.00 per box; strawberries, 2.00174.00 per
chest; gooseberries. l®U6c: cherries, black,
40®50c; white and red. 15080 c; nutmegs,
1.00112.00; peaches. 731i900; apples. 76c® 1.00;
cantaloupes. 2.00®4.50.
llggs—Store, Irtlil7c per dozen; fancy
ranch. 20®28Mc.
Butter-Fancy creamery. 20c per pound;
do. seconds, 20c; fancy dairy, ISc; do.
seconds, 19®20c.
Poultry—Turkey gobblers, 13014 c per lb.;
old roosters. 4.001/1.50 dozen; young roost
ers, 4.0005.00; small broilers, 2.0002.80; large
broilers, 3.00'ji3.50; fryers. 3.5(J4i4.00; hens
8.5006.00; old ducks. 3.00®8.38: geese.
1.00 pair; old pigeons, 1.23; young pigeons,
1.50.
Citrus Fruits—Navel oranp-s. 1.6001.76
Mexican limes, repark, 5 6006.00* common
California lemons. •; choice. 1.6002.50.
California Fruit Sales
NEW YORK, Auk. 3.—California dried
fruits dull.
Evaporated Apples—Common, 8c; prime
wire tray, BV4®B%CS choice, 89408 c; fancy,
9c.
Prunes—4®Bc per pound.
Apricots—Royal, 8V401OC; Moorpark. 10®
12c.
Peaches—Unpeeled, 6 ftSc; peeled, [email protected]
Kansas City Live Stock
KANSAS CITY, Mo.. Aug. 3.—Cattle-
Receipts. 6600; market steady tn strong;
native steers. 3.2606.25; Texas steers, 3.004j
4 03; Texas cows, 2.4008.76; native cows and
heifers 1.004*6.00; stockers and feeders. 2.00
'04.73; bulls, 2.6608.80,
Sheep—Receipts. 600 ft; market firmer;
iambs, 8.0006.00; muttons, 2.6004.70.
Petroleum
OIL CITY, Pa.. Aug. 3.—Credit balances,
968; certificates, 93H0 bid; no sales; str.p
ments, 90.491 barrels; runs, 91,990.
Local Quotations
BUTTER—Extra local 32-ounce squares,
50®62V4ci fancy creamery, northern. 32-oz.
squares. 16®47Vi; diary, 32-os., 4JV4046; dairy
25-oz. squares, 40c; fancy tub, per lb.,
22023 c.
EGGS—2O®2lc per dozen.
CHEESE—Martin's New York Cheddars,
per lb., 13r; eastern full cream, per lb.,
13c; California half cream, per lb.. 10c:
coast full cream, per lb., UVie; California
Downey or Anchor, per lb., 13c; do. Young
American, per lb.. 14c; do. 3-lb. hand, per
lb.. 16c; domestic Swiss, per lb.. 20c.
POULTRY—Per dozen: Hens. 3,6005.00;
voting roosters, 4.0006.00; old roosters. 3.50
4,00: broilers. 2,0002.60; fryers, [email protected];
ducks, 8.0008.60; turkeys, alive, per pound,
lOltllc; geese, apiece, i 504/1.00.
POTATOES— Bur banks, 9uc«1.00.
VEGETABLES—Beets, per 10ft lbs., SOc:
cabbage, per 100 lbs., 60®75c; carrots, per 100
lbs., 76c; chiles, dry, string, 1.004(1.25; Mex
enn, per lb.. 60c; green, per lb., 607 c; gar
lic, 55{6; onions. 75fit.0c; do. green, per doz.,
doz., 20c; green peas, 3;y4i ; turnips, 83c;
parsnips, 751fS5c; cucumbers, 75'aSOc box.
GREEN FRUlTS—Bananas, bunch, $1.50
2,26; strawberries, com.. 6©6e; fancy, 90
12r: blackberries, 44f6c; loquats. 4'ytic;
rles, white, 45060; do. black. 45'<i«0; apricots,
per box, 50c; raspberries, per box, 6010 c;
'570; gooseberries, per lb., 304 c; currants,
box. 604i65c; Logan berries, per box, 4&C0;
44(6c; tigs, per box, [email protected]; peaches, per
box. 700 75c.
RAISINS —Fancy clusters, 20-lb. boxes,
2.tto; 4-crown L.L. clusters. 1.75; 3-crown
L.L.. per box, 1.86; 3-crnwn. loose, in sacks,
, per lb.. 4c; 3-crown, loose In sacks, per lb.,
: HtftUfce: 4-crown, per lb., SVso6c;
peas, 2.75©3.00; black-eyed beans. 3.00; gar
per shell, 12'«13o; hard shell. 74(8e; pecans,
7c; roasted. B08%c: California, raw, 4®3c;
12.504i13.00; loose, 12.00.
LARD—Rex pure leaf, tierces, Sc; spe
cial kettle rendered lard, 8%0.
CITRUS FRUITS—Fancy navels, 2.2»®
2.40 per box; fancy seedlings. 1.7502.00.
Cured fancy, 1.5002.00: choice, 1.25; green
: lemons, 1.00; grape fruit, per box, 8.0004.00.
DRESSED MEATS—AII per lb.: Beef,
No. 1, Otto; No. 2. 6ViC: hind quarters. No. 1,
9c; hind quarters, No. 2, 7c; ribs of beef,
10c; veal, 74i7Vsc; mutton, 7V4S lamb. Sc;
pork loins, ts%c; legs of pork, B<.»c; pork
spare ribs, 6c; pork tenderloins. 15c.
LIVESTOCK—Per lb.: Beeves, 304H0;
hogs. 4V4c; lambs, per head, 1.6002.00; sheep,
per cwt.. 2.6003.60; calves, per lb.. 3c.
CUBED MEATS—Rex hams. 10', 4 c; pic
nic bams, 5%c; No. 2. 894 c; select mild cure,
lie; fancy breakfast bacon, 11V; dried
beef, I4'*.e; smoked tongues. 30c; dry salt
clear bellies, 16-20 ay.. 8V; dry salt clears,
35-40 ay., 7%c; salt cleur berks, 7V&C.
TALLOW—Per lb., 2Mt®3V4c.
WOOL—Nominal.
HONEY AND BEESWAX—Honey ln
wax. 201j25c per pound.
BEAN'S AN D I >RIED PEAS-Plnk, 3.25®
3.50; Lima. 3,2603.60; Lady Washington, 2.40
'(i 2.30; small white. 2.6602.60; green Held
peas. 2.7503.00; black-eyed beans, 8.00; gar
yancos, 4.0004.60: lentils, imported, 7.0041)
8.00; lentils, California, 8:6004.00.
DRIED FRUITS—Apples, sun dried,
sacks, per lb., 5%06c; evaporated fancy,
6®Bc; apricots, fancy, Sc: choice. 608 c;
peaches, fancy, unpeeled, 61f7c; pears, fan
cy evaporated, 801Oo; plums, pitted,oholco,
9iiloe; prunes, choice, boxed, 6(q:9e; sacked,
4®6c; dates, 7H®Bo: silver prunes, choice,
sack, 7%08c; boxes, 9010 cI tigs, California
white, ;ier lb., 607 c; California black, per
lb., ultSHc; California fancy, per lb., 7"A®
10c; imported Smyrna. 12'/4'al6c.
NUTS—Walnuts, Los Angeles, 4ifj3c; pa
per shells. 12ii 13c; hard shell, 7®Bc; pecans,
91t 12c; lllherts, 12fil2Vic: Brazils, 11012 c;
pinons. IOIiUc; peanuts, eastern, raw, filiic
7c; roasted, 8®8V«c; California, raw, 4'asc;
roasted. OV-iTe.
MILLSTUFFS—FIour, local mills, T5.2X)
per bbl.; Stockton brands, 5.23; Oregon, 5.C0;
eastern, 6.0006.76; shorts, ton, local, 23.00;
rolled barley, per 100 lbs.. 140; cracked corn,
per 100 lbs., 1.06; feed meal, per 100 lbs., 1.10;
bran, per ton, 21.00; graham, per 100 lbs.,
2.70.
HAY—Wheat, per ton, 18.00022.00; barley,
n.OO'.tIS.OO; oat, 17.0O1i2fl.0O; alfalfa, baled,
12.5011 13.00; 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 las they run). 14c; do. kip,
lltto; do. calf, 15c; bulls, 7c; salt steers,
4%®5'/4c; do. stags and bulls, 3%04c; cows,
6HO7c; sheepskins, s®6c.
Incidents of the Great Naval Battle
Portsmouth, N. H.—"There were humor-I
ous incidents, as well as serious ones, dur-!
ing the late great naval battle," said Chap
lain Jones of the Texas. "At half-past 9'
oclock one of tha officers of the Texas was
deeply occupied. Ensign Glse had been!
carefully raising a beautiful crop of au
burn whiskers, but they had become too
bushy to suit him, and he decided to have
them trimmed ln Van Dyke style. Tho
barber was active and had trimmed one
side (the starboard) down to perfection.
Suddenly the alarm was sounded. Without
waiting a moment 'Handsome Willie.' as
we call him, hurried to his station with a
decided list to port so far as his whiskers
were concerned. There was no list about
his sight, however.
"At one time, when a 12-inch gun was
fired, so powerful a suction was caused In
the ammunition hoist that Apprentice
Swan was picked up from the gun deck
and drawn through the hoist to the hand
ling room, two decks below. He escaped
with only a slight Injury to one of his an
kles."—New York Herald.
- *. .*.',* -'"77" -.
Spain and the Letter M
The letter M still plays Its part In the
war. Just think ot Its prominence ln the
events ot the last few months! It stands
; for Maine, mine, McKlnley, Madrid, MA
tanzas, Miles, Manila, Montojo, Maria
Christina, Marianne, Maria Teresa. Mar
blehearl, Minneapolis, Mole St. Nicholas,
Mansanllla, Morro, Merrlmac, Massachu
setts. Mobile. Merriam, Monsignor Merry
del Val, the marines (nt Guantanamot,
Monterey, Monadnock, Monte (the Spanish
general besieged at Macabora), Melklejohn,
Monet, McCalla, monitor, militia, minis
ters. Morton howitzers and Montgomery.
Recently the government at Washington
has purchased half a dozen transports the
names of which begin with "M," and It
may be added that among the most annoy
ing drawbacks ln camp thus far have been
measles and mud.—Boston Traveler.
A very little tombstone may tell a very
bIK story.
M MPITTLE
SICK HEADACHE
Positively cured by these
Little Pills.
They also relieve Distress from Dyspepsia,
Indigestion and Too Hearty Eating. A per
fect remedy for Dizziness, Nausea, Drowsl.
ness, Bad Taste in the Mouth, Coated Tongue
Pain in the Side, TORPID LIVER. They
Regulate the Bowels. Purely Vegetable.
Small Pill. Small Dose.
; Small Price.
© Do You
yV Swim?
Docs Your
Tf] Boy Swim?
J* It is our busi
rikN^*' - ness '° ' urn ' sn
1 ffjjk, , m your boy with
a safe, cleanly
" ' place in which
s to learn to swim
We Keep n Man to Teach Them '
Natatorium Open vn 0 ,tf, 0 K d night
Boys, 10 tickets f?t.SO
Ladies and Gentlemen, 1G tickets $2 00
842 South Broadway
a diotning city Hail t. W. GILBERT, Prop
f% There is ONK
I j REAL CURE EOR
Rfj] Consumption
l W ONLY ONE
( \ THE MEDICATED ANTISEPTIC
DRY-AIR INHALATION
Call or address
ANTISEPTIC CURE CO.
3411 S If I 1.1. ST., Loa Aiigelea
M 4,4,+ t tTT»MHHM»H«-MM
lilt Crystal Palace!
'.I ... IS NOW OPEN ... '. !
Meyberg Bros. 343-345 s. spring st ::
♦444«tt»»t>eeeee»et»e* MHH
LINES OF TRAVEL
H LOS ANGELES Tjjf
3 R
|-i RAILWAY CO-
TIME CARD IN EFFECT JULY 25.
From Lot Angeles to lleptirt, Arrive
Ulendale, f 67:55 am 6":10 am
Troploo and j6ll:3'Jam 6i2:B6pu
Verdugo Park t |6:4i)pm 16:66 pm
I. |i9:osam |!10:20nra
Pasadena, l t7:lsam tB:2,"iatn
(iarvanza and 012:43 pm Tl:62pm
Ostrich i'arui t ts:2opm f6:35 pm
Pasadena, Altadena and i t8: r >oatu Ilof2Bain
Mount Lowo J |8:45 pm t^ ; 3ipin
r V 7 :4S am
San Pedro, 18:85 am tS:47am
Loni{ Beach, l|;iu:3iam (11:15 am
Alamltos and 1 tlt66pm ts:l2pm
Terminal Island vit'-ni-m 47:38 pm
V fo:41) pm l|8:10 pm
/ J8:85»m 611:15 pm
Catallna island < Ut66pm 6">:12 pm
f [4:50 pm ||l0:o0pm
fCally, JExcopt Sunday.
HHandSy only. (Saturday only.
Iloyle Heights, Downey avenuo end Daly
fell cet car lines pais Terminal stations.
City ticket ollico, 230 .South Spring street.
Pacific Coast Steamship Co.
t. The company's elegant
steamers SANTA ROSA
i and POMONA leave KE
! fGErw3Bgax DONDO at U a. m. and
! INLsßrwl PORI LOS ANGELES at
1 ■SHW 2:30 p. nt. for San Fran-
clsco via Santa Barbara
i •<"•' l'»rt Harford Aug. 3.
4, 8, 12, 16, 2ft. 24 , 28, Oct. 2.' "and 'every
fourth day thereafter. Leave PORT LOS
ANGELES at 0 a. m. and REDONDO at
10 a. m, for San Diego Aug. 1. 5, 9, 13, 17, 21,
j 25. 29, Sept. 2, 6, 10, 14, IS, 22. 26. 3«, Oct. 4,
and every fourth day thereafter. Cars
connect via Redondo leave Santa Fe depot
\ at 9:65 a. m., or from Redondo Ry. depot at
9:30 a. m. Cars connect via Port Los An
geles leave S. P. R. R. depot at 1:35 p. m.
for steamers north bound.
The steamers COOS BAY and HOMER
leave SAN PEDRO and EAST SAN PE
DRO for San Francisco via Ventura, Car
plnterla, Santa Barbara, Qavlota, Port
Harford, Oovucos, San Simeon, Monterey
and Santa Cruz at 8:80 p. m. Aug. 4. S, 12,
I 10 , 20 , 34, 28, Sept. 1, 5. 9. 13, 17. 21. '25. 29. O/t. 3
I and every fourth day thereafter. r\irs
connect with steamers via San Pedr* leave
5. P. K. R. (Arcade depot) at 5:03 p. m.
i and Terminal Ry. depot at 5:40 p. m.
For further information obtain folder. The
I company reserves right to change, without
S' revlous notice, steamers, sailing dates and
ours of sailing. W. PARRIS. Agt..
124 W. Second St., Los Angeles.
GOODALL, PERKINS & CO..
Gen. Agts., S. F.
LOS ANGELES AND REDONDO RAIU
way Company.
Los Angeles depot: Cor. Grand aye. and
Jefferson st.
Leave Leave
Los Angeles Redondo for
for Redondo. Los Angeles
9:00 a. m., Sun. only 7:00 a. m., Sun. only
9:30 a, m. dally 8:00 a. m., daily
10:45 a. ra.. Sun. only 9:30 a. m.. Sun. only
1:30 p. m. dally U::00 a. m.. dally
6:80 p. m. dally 4:15 p. m., dally
7:00 p. m., Sun. only 6:45 p. m , Sun. only
11:80 p. m., Sat only 6:80 p. m., Sat only
Take Grand aye. electric cars or Matt
st and Agricultural park cars.
L. j. PERRY, Superintendent, 1
If you would have your advertising %
announcements and arguments
| burned §
||< into the fj ft
fj memory ||
§i§ of thousands of bright, intelligent, g
money-spending people, buy space
yJ? in the advertising pages of
1| The Los Angeles Herald ||
gg Those who make lists of the mis- v w
spelled words scattered through *jjr
!stg£ the advertising must learn the g§
fM6 advertisements by heart. They
can't help it. If you don't believe Jjjgp
this, try to find the misspelled gg
§[§ words yourself, and note the result &
|| A Prize Every Week ||
OLDEST AND LARGEST BANK IN SOUTHERN CALIFORNIA
pARMERS AND MERCHANTS' BANE OF LOS ANGELES, CAL.
Capital paid up 8500,000.00
Surplus and reserve $925,000.00
I. W. HELLMAN. President; H. W. HELLMAN, Vlce-Pres.; H. J. FLEISH
MAN, Cashier; a. HEILMAN, Assistant Cashier. Directors—H. W. PERRY, O. W.
GUILDS, J. F. FRANCIS. C. E. THOM, I. W. HELLMAN, JR., H. W. HELLMAN,
A. GLASSEL. I. N. VAN NUYS. I. W. HELLMAN.
Sp*cial Collection Department. Correspondence Invited. Our Safety Deposit De
partment offers to the public safes for rent ln Its new Flre and Burglar-Proof Vault,
which Is the strongest, best guarded and best lighted In this city.
THE NATIONAL BANK OF CALIF ORNIA
At Lot Angela*.
Capital and Pro fits, 8270,000.00
OFFICERS DIRECTORS
S. C. HUBBELL President 8. C. HUBBELL. T. E. NEWLIN, a H
O. H. CHURCHILL, First Vice President CHURCHILL. J. M. C. MARBLE, O. T
O. T. JOHNSON Second Vice-President JOHNSON, JOS. D. RADFORD, W. 8. Dl
A. HADLEY Cashier VAN, CHAS. MONROE, N. W. STOWELL
JOS. D. RADFORD Assistant Cashier 11. M. LUTZ, FRED O. JOHNSON, JOHN
R. I. ROGERS Assistant Cashier E. MARBLE, A. HADLEY. ■
[_0S ANGELES NATIONAL BANK
United States Depository .
CAPITAL J600.000.00 SURPLUS t50.000.00
Total 1560.000.00
GEO. H. BONEBRAKE President WARREN GILLELEN....Vice-President
F C HOWES Cashier E. W. COB Assistant Cashier
DIRECTORS
Geo. H. Bonebrake, Warren Glllelen, P. M. Green. 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. I» Graves,
J. F. SARTORI President H. J. Fleishman. C. A. Shaw, F. O. Tol
MAURICE S. HELLMAN,Vice-President son, J. H. Shankland, J. A Graves,
W. D. LONGYEAR Cashier Fleming, M. S. Hellman, W. D. Lon
Interest paid on term nnd orillnnry deponltn
_ Money loaned on flrnt-elms real estate
CIRST NATIONAL BANK OF LOS A NGELES
Capital Stock 6400,000 Surplus and undivided profits over 8
J M ELLIOTT PresidentW. G. KERCKHOFF Vlce-Pret.J«nl
FRANK A. GIBSON CashinrW. T. S. HAMMOND... .Assistant Cashier
DIRECTORS—J. M. Elliott, J. D. Blcknell, F. Q. Story, H. Jevne, J. D. Hooker,
W. C. Patterson. Wm. O. Kerckhoff.
No public funds or other preferred deposits received at this bank.
MAIN STREET SAVINGS BANK
Capital paid up 8100,000
Junction of Main. Spring and Templo a treets, (Temple Block), Los Angeles.
OFFICERS AND DIRECTORS—T. L. Dunne, President; I. N. Van Nuys, Vice-
President; B. V. Duoue, Cashier; H W. Hellman, Kaspare Kohn, H. W. O'Melveny,
j p. Lankershtm, O. T. Johnson. Abe Haas, W. G. Kerckhoff.
Money loaned on real estate. Interest p aid on term and ordinary deposits.
SOUTHERN CALIFORNIA GRAIN AND STOCK COMPANY
2121-2SouthSpringStreet New York and Chicago Markets
Direct Wires. Reference:
Quickest Service. National Bank of California.
Telephone Main 942. Los Angeles National Bank.
MARGIN ACCOUNTS SOLICITED. CO MiIISSIONS FAITHFULLY EXECUTED
Daily report mailed upon application. F. P. BURCH, Cashier.
[OS ANGELES SAVINGS BANK
230 North Main Street
J E. Plater, President; H. W. Hellman, Vice-President; W. M. Caswell, Cashier.
Directors—l. W. Hellman, J. E. Plater. H. W. Hellman, I. W. Hellman, Jr., W.
M. Caswell.
Interest paid on deposits. Money to lo an on first-class real estate.
GERMAN-AMERICAN SAVINGS BANK
Paid Up Capital and Profits, $150,000.
COR. MAIN AND FIRST STS. Victor Po net, President; L. W. Bllnn and C. N.
Flint, Vice-Presidents; M. N. Avery, Cash ler; P. F. Schumacher, Assistant Cashier.
Interest paid on deposits. Money loaned on real estate.
SOUTHERN CALIFORNIA SAVIN GS BANK
152 North Spring St Interest Paid on Deposits
DIRECTORS—J. 11. Braly, J. M. Elliott, H. Jevne, Frank A. Gibson, Simon Maler,
W. D. Woolwlne, W. C. Patterson. Safe Deposit Boxes for Rent
f jp. I rmt *„ Bookbinders and . . .
; UIaSS <X LUng Blank Book Manufacturers
213-215 NEW HIQH ST. Los Angele* ttm* Miii
_ '
107 N. Spring Bt. &rs,
Alio open evening* ftnd Sunday 4 noon*
for the accommodation of thoce who cannot
como any otbor time
NEW YORK SPECIALISTS
We are pre-eminent in Diseases of
j Men Only 27i,°.r ,M-
I aiQX S. Main St., Los Angeles
THE
HERALD
Excels.
Have you tried it?
Everybody says it's a goo& paper.
Reasons are not far to seek.
7AII the news that Is news.
Local and telegraph.
Does not misrepresent facts.
Lots of things you want to know about.
Everyday brings many new subscribers,
associated F'ress special wire.
Democratic in politics and fair to all.
Southern California's favorite.
I. EJTOEMAN
.. Druggist and Chemist..
222 North Main Street Los angele*
PRESCRIPTIONS CAREFULLY COM
POUNDED DAY OR NIGHT.
Allen's Press Clipping Bureau
fyt West Second street
• • CLJ L oa Angeles, Cal.
Furnish advance reports on sill contract
work, such as sewers, reservoirs, irrigation
and pumping plants and public buildings.
Personal clippings from all papers la CM
United States.
11

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