The herald. [microfilm reel], August 05, 1898, Page 11, Image 13

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

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

                
THE INVESTOR
Conducted
BRITISH INVESTORS
CHANGE THEIR VIEWS OF AMER
ICAN SECURITIES
GOOD DEMAND SPRINGING UP
▲ Muddled Contemporary—lndustrial
Notes—Original Insurance Ideas.
New Incorporations, Etc.
OFFICE OF THE HERAjLD,
Los Angeles, Aug. 4. IB9S.
The change that has recently taken place
in British views In regard to investments
in American securities is a subject ot con
siderable interest, seeing that the market
is always strongly Influenced by the extent
of British dealings In ourstoidcs and secur
ities, not to mention the prodigious amount
Of foreign capital that is brought into the
country to invest in manufacturing enter
prises.
Bradstroet's has a well considered article
on this subject In the course of which It
says:
While political opinion in Great Britain
has veered around to a quarter entirely fa
vorable to the United States, it Is also no
.tlceablo that tho leading London exponents
of financial sentiment havo altered thrtr
way of looking at the American market and
the value of American securities. It is
crtainly gratifying to hear that writers
whose expressions for several years past
have been severely critical wherever Amer
ican finance and American bonds and
Stocks were concerned, aro now assuming
a very different tone. Some of them, it
may bo said, were unable to sco anything
favorable ln the situation here from tho
point of view of the foreign investor, even
ln connection with the large crops and high
prices of last year, while the advances
which our stock and bond markets experi
enced during tho summer and autumn of
1897 and tho winter months of the present
year met with nothing but caustic critic
ism and suspicion as to their permanency
from the sources In question.
All this, however, has changed. The
theme upon which they now dwell Is the
possibility that British Invostors and specu
lators will soon begin to take a renewed In
terest ln American undertakings, while It
is admitted that present conditions involve
a strong probability that the coming au
tumn will see a renewal of the gold move
ment from London to tho United States.
Jn fact, a belief Is expressed by leading
London financial journals that a high
ly probable drain of gold from
the old to the new world Is
among the principal reasons for expecting
a firmer money market at London through
put the remainder of the present year.
Finally, It may be observed that Instead of
viewing a renewal of Interest In American
securities with distrust the economic au
thorities, to which reference Is made, find
abundant reasons for the growth and
maintenance of such a movement in the
Investment and speculative markets.
The lino of reasoning followed by the
ablest representatives of British financial
thought and the host observers ot specula
tive sentiment tn the London market 1? ac
cordingly a matter of some interest. Among
the causes which during the past few years
Influenced British investors to steadily seli
their holdings of Americans, fears In re
gard to the position of our currency are
given the first place, coupled with the ef
fects of the Venezuela episode and the
bankruptcy and receivership of so many
American railroad corporations in which
foreign investors were Interested. The
passage of the war revenue bill, involving
an increase of nearly $200,000,000 In the an
nual United States treasury receipts
through new taxation, anil the success of
the popular 3 per cent loan, would appear
to British eyes to havo permanently rem
edied tho impoverished condition of the
treasury and to have removed the doubts
which tho foreign markets retained as to
the ability of this country to maintain its
currency upon a gold basis. The practical
completion of the reorganization of the
railroads, whose securities wore hold In
any quantities by foreigners, has also had
an excellent effect, while the political
friendship between England and the Unit
ed States, which finds such decided expres
sion in connection with all the phases of
our conflict with Sptain, has an effect upon
the relation to the London market toward
American securities which Is not the less
effective because It Is largely sentimental
ln origin and character. Furthermore, tt
Is at last appreciated abroad that the large
profits made by the United Sates from the
last two crops, together with theprospects
of further advantageous results from the
present one, will very likely lead to contin
ued activity throughout the Union nnd fur
nish a support for further appreciation In
the value of American stocks and bonds.
On such grounds It 1s pleasing to observe
that former critics of American finance
and speculation now find reason to believe
that British capital Is likely to again flow
in this direction, and this Is viewed with
equanimity, If not with approval, even
though the accompanying belief is that the
effect upon the London money market will
be to create higher interest rates and that
a diversion of attention to Americans will
be unfavorable to the exaggerated prices
for British railroads and other home In
vestments.
A morning contemporary in tho course
of an admirably muddled, article on the
war revenue law says In its issue of today:
"In tho matter of notarial certificate!]
things have been getting fearfully mixed.
A clause ln the new law bearing upon the
matter reads as follows: *Certlflcates of
acknowledgment of deeds and mortgages
are required to be stamped. They are no
part of the execution of the deed or mort
gage and are not covered In tho stamps
required upon such deed or mortgage.' "
This alleged quotation from the new law
would be very appropriate If It were only
Correct. LTnfortunately the law says noth
ing of the sort. The quotation Is from one
Of the numerous reversible, double back
action "rulings" of the commissioner of
Internal revenue.
The facts about stamping notarial cer
tificates were given in this column yester
day.
Tin Ore
An article by an Australian geologist, B.
J. Bkertchley, succinctly shows how scant
Is the distribution of tin ore, says the Min
ing and Scientific Press. While the known
fold fields of the world cover more than
500,000 square miles, there are seven tin
districts In Europe, producing about 8300
tons yearly, of which the Cornish mines
field about 800 tons. Asia has two tin areas
In China, estimated to produce
IHO tons, and the Straits settlements an*
GEO. A. DOBINSON
adjacent principalities, yielding 58,000 tor'
yearly, tho richest yield of tho world. Africa
has no known tin mine; North America no
payable mine, though South Dakota and
California have made some efforts In that
direction; South America »ne limited tl»
area—Boltvla and Peru—yielding less thun
4000 tons a year, and Australasia, the young
est, furnishing about 6000 tons a year.
The Fireworks Trade
In consular reports fcr July considerable
space Is devoted to condensed accounts of
Cuba, Porto Rico and the Philippine Islands,
with especial reference to their commerce
and resources. China comes next in Im
portance, with reports uon the opening o*
treaty ports and Inland routes, ths produc
tion of cotton, the demand for steel rails,
the increased American trade and fireworks-
Of these nearly twenty-seven million pounds
were exported last' year, mostly* to New
York, and yet this was hut "a small frac
tion of the amount manufactured and used
in Ch!na."j It (S estimated that "thirty
women and ten men can make 1(10.000 crack
ers per day, for which work the women will
receive B cents each and the men about 7
cents each." The hours of labor. It may
be added, "are from fl a. m. to 11 p. m., an-'
there nre seven working days In each week."
New Insurance Ideas
The insurance solicitor sat in his officii
In the Rookery, and he was abashed. It
takes a greut deal to abash an Insurance
solicitor, but the big man in the opposite
chair had been ventilating his views. The
solicitor had been chasing him for six
months for a 110,000 policy, and then, after
he had run his intended victim Into the
home office the doctors had turned him
down.
"Told me my liver was out of order." said
the big man indignantly. "Said 1 had :>
murmur In my lungs, and talked about a
sister who died thirty years ago and a lot
more rot like that."
"All of which was no doubt true," sold
the Insurance man, "but," seeing thnt tho
big man was going to fire up again, ".ton
need not get alarmed about your health'
Some of these days when I can't make more
than $0000 a year at this business, I'm going
to start an insurance company on new
lines. I will take all the men who have
been rejected by the other companies."
"That would be taking big risks, wouldn't
It?"
"I don't think so. In the. first place i
would charge an extra premium. Then I
would bank on human nature. Haven't
you noticed that these big, strong fellows,
who 'never-had-a-day's-slekness-tn-my-llfe'
go off like a child at the first serious ill
ness? Scared to death, maybo. Anyhow,
If you want to see tenacity of life, .lost
study the case of a man In chrnnlr poor
health. He takes no chances, guards him
self against of the weather, ap
plies remedies Instantly, and the result Is.
that while he never enjoys good health, he
prnlongs his life twice as long as the healthy
fellow who take? all kinds of chances. In
surance examiners must report on the phys
ical conditions only, and can't make allow
ances for Iniraac nature, but li's there."—
Chicago Times-Herald.
Incorporations
Cunningham, Curtlss & Welch. San Fran
cisco: $100,000; all subscribed.
Yukon Oil company, Los Angeles; direct
ors, W. A. Lamb. M. L. McCray. L. A. Mo-
Cray. W. T. McFie and C. E. RavnP; $25,000;
subscribed. $3000.
Bodle Fraternal Burial association, Bo
dle, Mono county; $1250; subscribed, 8850
The Munro Furniture and Storage com
pany. Alameda; $4500; subscribed, $2570.
Fuse de Bartolo Water company. Rancho
Paso de Bartolot capital stock. $118,400. all
but $13,000 of which Is held by H. W. R.
Strong, president of the board of directors.
W. H. Russell, H. R. Strong. G. P. Strong
and N. de L. Strong are the other directors.
ON 'CHANGE
Conditions as Shown by Transactions
on Wall Street
NEW YORK, Aug. 4.—lt is obvious from
the developments in today's stock market
that wealthy and powerful speculators
were placing very large amounts of money
ln the Granger stocks, in anticipation of a
rise in prices. There were many indications
also that some of the fund- which were
being placed In the Grangers were derived
from sales of some of the more prominent
industrial specialties which have shown
such recent large advances In price as to
yield a handsome profit on the sales. This
shifting of speculation is an episode which
invariably occurs in the course of a long
continued advance In prices. The prelim
inary movement in the highly speculative
IndUSlrials is generally quite apart from
any general condition of business and in
dustry. The late awakening of the more
substantial railroad stocks is looked upon
as Indicating a more vital stage of specu
lation and Investment. There was a broad
and confident demand today through the
whole railroad list, which must have come
from the outside public, ln many stocks
this growing demand was met by a steady
stream etf offerings which sent prices., in
spite of quite a large volume 'if transac
tions, only slightly higher than last night.
The shifting of speculative accounts in
volved profit taking in :he Industrials and
encouraged bear attacks, but the whole
list held remarkably firm, showing a strong
tone at or near the top. There wore very
lieavy dealings in railroad bonds today,
the demand being very widely distributed,
hut most urgent In the reorganization four
per cents. The total sales, $7,475,010, Is .said
to be the largest day's business on record.
The United States old fours, coupon, ad
vanced (4) In the bid price. There were ao
other changes. *
Closing Stocks
NEW YORK, Aug. 4.-The following
are the closing prices on the- New York
stock exchange today:
Atchison 13ft do 2d pfd.... 30ft
do pfd.... 34ft it Paul ifllft
Baltimore ft O. 12ft do pfd 152 ft
Canada Pacific. 84 St P& Omaha... 84
Canada South.. 53ft elo pfd 153
C Pac ex 16ft St P M & M 162 ft
Ches & 0hi0... 22ft Southern Pacific. 20ft,
Chi A Alton —160 So Railway Bft
CB & Q lOaii d4| pfd 32ft
Chi & E 111.... 58ft Texas & Pacific, fift
C C C &St 1... 41ft U P Pfd 62ft
do pfd.... 84 UPID&G 4ft
Do! & Hudson.lOCft Wabash 7ft
D L & W 151 ft do pfd 19ft
Del & RlerG.... lift Wheel & L E.... Ift
do pfd.... 50ft do\ pfd 12ft
Erie (new) .... 18ft Adams Ex 103
do> Ist pfd.. 85ft American Ex 133
Fort Wayne....l7lft United States Et. 41
Gt Nor pfd. ex Wells Fargo 118
dlv ex rlghts.l32ft Am Cotton 0i1... 27ft
Hocking Val... 4g do nfd S3
Illinois Cen ....KIT'S Am Spirits 15ft
Lake E & W.. 14 d/v pfd 35
do, pfd.... 71ft Am Tobacco IjTv,
Lake 5h0re....149ft do pfd 1
Louis ft Nash.. 34ft People's Gas .... 99ft
Manhattan L..lofift Con Gas, IPSy.
Met St Ry 156 ft Com Cable C 0....170 "
Mich Central...lo7ft Col F & 1r0n.... 19ft
Minn & St L.... 28ft dir. pfd 65
do Ist pfd 88% Gen Electric...... J9ft
Mo Pacific 3«ft Illinois Steel .... 58
Mobile & Ohio. 2'TtJ Lo Cleric Gas.... sft
M X ft T 11 Lead 3.6 ft
do' pfd.... 34W doi pfd 109 ft
Chi ft L 10 Nat Linseed Oil.. (!
do> pfd.... 32ft Pacific Mall 31
N J Central.... 90ft Pullman Palace. 190
N V Central...llßft Silver Cort 58ft
NYCft St L.. 13 Standard R& T. sft
do Ist pfd.. M Sugar ll?7V,
do 2d pfd... 37 do pfd 114
Nor West 13 T C ft Iron 25%
N Amcr C 0.... 6ft U S Leather 7ft
North Pacific. Soft do pfd 68ft
do, pfd.... 72ft U S Rubber 3SW.
Ontario & W.. IS do pfd 78ft
Ore Rj&NaV.. 60ft Western Union.. 93
Ore Short Line 30 Chicago ft NW..13"-
PlttSbUrf 170 do pfd 175
Reading 17*1 Chicago ft G W. 15V,
Rock Island.... 9" St L & I W sft
St L & 8P.;.. 7J£ Reading Ist pfd.. flu.
do Ist pfd.. 6~ Brooklyn R T 68%
Bond List
NEW YORK, Aug. 4.-* The following
are the closing prices of bonds on tho New-
York Stock exchange today:
IT S new 4s reg. 127 ft NJC 5s a....112ft
do coup 127 ft N Carolina 6s I!>s
U S 4s 111 ft do 4s MB
do coup 114 ft N Pacific 18t5....112ft
do 2ds 97 do 3s 84ft
US 5s reg 112 dot 4s HVrtt ,
> do 6s coup.ll2 N V C & St L. ...106 I
LOS ANGELES' HERALD: FRIDAY MORNING, AUGUST 5, 1898
District 3s 65...116 ft Nor ft W6s 121
Ala Class A—loß " N W Consuls.
do B ion do del, .15....117 ft
do C 90 O Nay lsts 112
do Currency 90 do 4s 98ft
Atchison 4s .... DS.TI o S Line 6s t r..155ft
do adJ45...72H do 5s t r 106 ft
CanSo2ds 110'fc Pacific 6s of 95...102 ft
Can Pac lsts.. — Reading Is 81
Chicago Term.. 87ft R G W lstis 971
C & Ohio 55....ma; S L & I M con 6s 99%
CHAD 4fts...lotg BLAB F gen 6s.llhi. s
D & R G lsts..lll st P Con 145 ft
Dft R Q 45.... 96 st P&C 1' lsts..m "
East Term lsts. 106 ft do 5a 116
Erie Gen 45.... 71% So Railway 55... 97ft
F\\ ft DlstS tr 74 S C non-fund... -
Gen Elec 5s 10594 IRft T6s 68
GII& S A 65... 104 Term new set 35.. 93
do 2d5....105 Tex P LG lsts. .107
He T C ."s—no do reg Ids... 43ft
do Con Os.lll Union Pac 4s 88ft
lowa C 15t5....103 V I' D fr G lsts.. 76ft
X P Con tf.... - Wabash Ist 55....11 l
KPIsMDDMr- do 2ds 89ft
L A new con 45.103 do 3s 91
Lft I'nl 4s 90S Va Centuries.... 72
Missouri 6s 100 w Shore 45...."..'»!
MKft T 2ds.. «4 V Ppfd tm
do 4s 90% Va Centuries.... 72ft
N V Con lits..ll6ft do dfd 4 "
London Markets
NEW YORK. Aug. 4.—The Evening
Post's London financial cablegram says:
The stock markets were quiet today, but
still with a good further rise In Pp'anish
securities, which was a feature. There is
a good demand for Americans, especially
from Now York. Indeed, Now York buy
ing of bonds and shores is so large that it
Is believed that It will check gold exports
to the states. Prices closed practically at
the best. Grand Trunks were very good.
Treasury Statement
WASHINGTON. Aug. 4.—Today's state
ment of the condition of the treasury
shows: Available cash balance, 1157,125,394:
gold reserve, $188,079,927,
Silver Bullion
SAN FRANCISCO, Aug. 4.-Silver bars,
58ftc; Mexican dollars, 46!tl46ftc.
Spanish Securities
PARIS, Aug. 4.—Spanish fours closed nt.
11.78 ft.
CHICAGO MARKET
Prices and Prospects of the Trade In
Cereals
CHICAGO. Aug. 4.—Weak Liverpool ca
bles and generally tine weather throughout
tho United Kingdom and continent started
wheat lower. Borne phases ot the domes
tic situation, however, were anything hut
favorable to the bears. As tht bullish fac
tors began Immediately after the opening
to be emphasized by figures, the market
quickly tnrew off the impression with
which It started. Chicago received only
76 cars of wheat against lilt the correspond
ing day last year. Minneapolis and Duluth
receipts were 77 carloads against 250 the
previous year. Consequently the shipping
demand for wheat was extremely good.
Tho threshing returns from lowa were said
to have forced a reduction In the estirna'ted
yield of that state of fully GO per cent
from a month ago. That was also helpful
to the bulls. The elds* was -Voftc higher
for September. December is unchanged
The first bull Inspiration corn has mid
in several days w.as tho statement today
by tho Price Current, claiming that only
three-quarters of a crop would be raised.
This seemed to brace tho nerves of some
"longs." who needed encouragement to
keep them from selling out. The tone of
the market became strong and continued
so to the end. September closed with a
gain of 'i'fiVc.
Harvesting returns, which showed an In
creasing deficiency in the crop, together
with the strength of other grains, advanced
oats. September closed higher.
Provisions ruled firm on light speculative
offerings nnd a good, trade in cash products.
The rullv in corn was also an Influence.
Pork left off r.o higher, lard 10c higher and
ribs 5c higher.
SAN FRANCISCO MARKET
Call Board Dealings and Trices of
Produce
SAN FRANCISCO. Aug. 4—Wheat—ln
active; December. 1.23%.
Barley—Not quoted.
Corn—Large yellow. 1.10@1.12ft.
Bran—ls.so®U).oo per ton.
Flour—Family extras. 4.4004.60 per bbl.i
bakers' extras. 4.1604.26,
Wheat— Shipping. 1.17ft@1.20 per cental;
milling. 1.2001.40.
BHricy—Feed. I.lßft©l.22tt; brewing nom
'"o'ats—Poor to fair, I.l7ft@i.22ft; good to
choice, 1.2501.30; fancy feed. l.C2' a ; gray.
122«4»1.25; milling, 1,22ft@1.27ft; surprise,
1.32U01.35.
Mllletuffs— Middlings, 15.00W20.00 per ton;
bran, 15.00@1t.00.
'Hay—Wheat, 14.00018.00; wheat and oat.
14.00017.00; alfalfa, 12.00"//13.00; barley, 14.00
\i 13.00.
Dry Beans—Pink, 2.50@2.60 per cental
small white. 2.0002.15.
Vegetables—Onions. 75086 c per cental;
green peas, 2.6003.00 per sack; tonfarßeS,
Htdy.o per lb.; rhubarb, 50075 c; squash,
•Vie.
Fresh Fruits — Pears, Bartlett, 85c
1.15; pT box; strawberries, 2.001/4.00 per
chest; gooseberries, l@lftc; cherries, black,
40030 c: white and red, 15030 c; nutmegs,
1.001/1.75; peaches. 75090 c; apples, 75C01.OO;
cantakoii.es. 2.5004.00 per crate.
Eggs -Store, 161818 c per dozen; fancy
ranch. 20@24c. .
Butter—Fancy creamery. 20c per pound;
do. seconds. 20c; fancy dairy. ISc; do.
seconds. 19020 c.
Poultry—Turkey gobblers, 131714 c per lb.;
old roosters. (.0004.60 dozen: yonng roost
ers. 5.00ff3.5u; small broilers, 2.001i2.50; large
broilers. 3.001/3.5"; fryers. 3.50./4.0O; hens
8.60®5.00; n| d ducks, 8.0003.25; geese, 75c@
1.00 pair; old pigeons, L 25; young pigeons,
1.50.
citrus Fruits-Navel oranges, 1.6001.75
Mexican limes, repack, 5.6006.00; common
California lemons, 1.5002.00; choice, 1.300
2.50.
Dried Fruit Prices
NEW YORK, Aug. 4.—California dried
frluts dull.
Evaporated Apples—Common. o'oSc per
pound; nrlme wire tray, Bft@Bftc; crnotce,
Bft@9c; fancy, llftc.
Prunes—4oßc. „ ,
Apricots -Royal, Bft®loc; Moorpark. 10q
12c
Peaches—Unpeeled, B@8c; peeled. 12@iBc.
Kansas City Live Stock
KANSAS CITY, Mo.. Aug. 4.—Cattle-
Receipts, 5500; market steady to strong:
native steers. 4.0006.25; cows and heifers,
1.0005.00; stockers and feeders, 8.0004.76;
bulls. 2.6004.75. , , .
Sheep — Receipts, 4000; market steady;
lambs, 2.7606.00; muttons, 2.5004.26.
Petroleum
OIL CITY, Pa., Atig. 4.—Credit balances,
96c- certificates, no bids; no sales; ship
ments, 73,400; runs, 73.985._
Local Quotations
BUTTER—Extra local 32-ounce squares.
60062 He; fancy creamery, northern, 32-oz.
squares, 46<fj47ft; diary, 32-oz., 42ft@4a: dairy
"S-oz. squares, 40c; fancy tub, per lb.,
220280.
EGGS—2OO2Ic per dozen.
CHEESE—Martin's Now York Cheddars,
per lb.. 13c; eastern full cream, per lb.,
13c; California half cream, per lb.. 10c;
coast full cream, per lb., llftc; California
Downey or Anchor, per lb.. 13c; do. Young
American, per lb., 14c; do. Mb, hand, per
lb., 15c: domestic Swiss, per lb., 20c.
POULTRY—Per dozen: Hens, 8.5005.00;
young roosters, 4.00fa5.00; old roosters. i.M
4.00; broilers. 2.0002.60; fryers, 17608.76;
ducks, 3.0003.50; turkeys, alive, per pound,
10011 c; geese, apiece, 75c@1.00.
POTATOES—Burbanks, 90C01.00.
VEGETABLES—Beets, pr 100 lbs., SOc;
cabbage, per 100 lbs., 00075 c; carrots, per luO
lbs., 75c; chiles, dry, string, UW.2o; Mcx
can, per lb., 50r; green, per lb.. (*&7 c; gar
lic 5®6; onions. 75050 c; do. green, per doz.,
doz., 20c; green peas. 3@4c; turnips, Sac;
parsnips, 75fuS5c; cucumbers. 75'"i80c box.
GREEN FRUlTS—Bananas, Bunoh, 31.60
2.25; strawberries, com., 606 c; fancy, 80
12c; blackberries. 44/ tic; loquats, 40oc;
rlos white, 45000; do. black, 45080; apricots,
per box, 50c; raspberries, uer box. B©l«c;
07c; gooseberries, per lb., 304 c; currants,
box. 60065 c; Logan berries, per box, 4@6c;
40(ic; figs, per box, 50@6t)C| peaches, per
box, 70ie/;75c. „„ ~ .
RAISINS —Fancy clusters, 20-Ib. 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 ln sacks, per lb.,
sVu6fto; 4-crown. per lb., 6ft 08c i
peas, 2.7503.00; black-eyed beans, 3.00; gar
ner shell, 12013 c; hard shell, 7@Bc; pecans,
7c; roasted, B@Bftc: California, raw, 4®sc;
12.60013.00; loose, 12.00.
LARD—Rex pure leaf, tierces, 8c; spe
cial kettle rendereil lard, (He.
CITRUS FRUITS—Fancy navels, 2.2jS|
2.40 per box; fancy seedlings, 1.7502.00.
Cured fancy, 1.6008.80; choice. 1.26; green
lemons, 1.00; grape fruit, per box, 3.0004.00.
DRESSED MEATS—AII par lb.: Beef,
No. 1, 6ftc; No. 2. 6ftc; hind quarters. No. i.
9c; hind quarters, No. 2. 7c; ribs of beef, i
10c; veal, 7i"u7Hc; mutton, 7ftc; lamb, 8c;
pork loins, Sftc; legs of pork, BV4c; pork
spare ribs, 6c; pork tenderloins, 15c.
LIVESTOCK—Per lb.! Bieves, 3Wlftc;
hogs, 4ftc; lambs, per head, 1.5002.00; sheep,
per cwt., 2.5008.(0; calves, pet lb., 3c.
CURED MEATS —Rex hams, lOftc; pic
nic hams, sftc; No. 2, B%c; select mild cure,
UCi fancy breakfast bacon, llftc; dried
beef, 14V>c; smoked tongues. 50c; dry salt
clear bellies, 16-20 ay., B><.c; dry salt clears,
35-40 ay., 7fto; salt clear backs, 7ftc.
TALLOW—Per lb., 2V>>l&iftc.
WOOL—Nominal.
HONEY AND BEESWAX—Honey ln
wax. 80025 c per pound.
BEANS AND DRIED PEAS-Plnk. 3.25fjl
3.50; Lima. 3.25>i*3.50; Lady Washington, 2.40
i/ 2.50; small white, LIMLM; green field
peas. 2.75rd3.00; black-eyed beans. 3.00; gar
vancos. 4.00Q4.60; lentils, imported, 7.00J}
8.00; lentils, California. 3.501/1.00.
DRIED FRUITS—Apples, sun dried,
sacks, per lb., SftfaOc; evaporated fancy,
6®Bc; apricots, fancy, 8c; choice, 61ine;
peaches, fancy, unpeeled, ofiTo; pears, fan
cy evaporated, SftlOc; plums, pitted, choice,
ufalOc; prunes, choice, boxed, 6&9o; sacked,
dates, 7ft*frßc; silver prunes, choice,
sack, 7Vii<i*Bc; bor.es, 9@loc; figs. California
white, per lb.. B®7c; California black, per
lb., (WBftc; California fancy, per lb., 7ftif>
10c; Imported Smyrna. 12'iral5c.
NUTS—Walnuts, Los Angeles, 4{isc; pa
per shells, J2fal3c; hard shell, 7fa'Bc; pecans.
fcjl2c: filberts, 12ffll2ftc; Brasils, IHil2c;
plnons, 105fllc; peanuts, eastern, raw, Oftff
7c; roasted, siffSftr; California, raw, 4@sc;
roasted, 6ftß7c.
MILLSTUFFS—FIour, local mills, 5.20
per bbl.; Stockton brands, 5.25; Oregon, 5.00;
eastern, 0.0tWt'6.75; shorts, ton, local, 23.00;
rolled barley, per 100 lbs.. 140; cracked corn,
per 100 lbs.. I.OBi feed meal, per 100 lbs., 1.10;
bran, per ton, 21.00; graham, per 100 lbs.,
2.70.
HAY—Wheat, per ton. 18.O0W22.OO; barley,
17.OOtai8.0O; oat. 17.00*n20.00; alfalfa, baled,
12.50513.00; loose. 12.00.
URAlN—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,
llftc; do. calf, 15c; bulls. Tc; salt steers,
Iftfeoftci do. stags ami bulls, iWuic; cows,
SftftjTc; sheepskins. s'.i6c.
Maggie Mitchell's Quiet Life
Maggie Mitchell live? on one of th" upper
streets el' Manhattan and so quietly that
many person? are not aware that she Is In
this part of the country. Her summer? she
spends at Cricket lodge, Elheron, where
she drives a little, bathes in the surf and
swims and reads a little German, a lan
guage the study of which she ha? taken up
within the last year or so. She objects to
notoriety, and keeps her identity from the
public as much us possible. The name of
Haggle Mitchell was a household word for
so long that many person? have an Idea
that Mrs. Abbott—Maggie' Mite hell'? name
in private life—must be old and decrepit by
'this time.
"She went on the stage so young and
played for so many years that pepple Bei m
to think that she I? a regular Methuselah,"
her daughter says, In almost Indignant
tones.—New York Times.
From the Salvation Army to a Convent
N w York, July 23.—Mi?? Susie F. Swift,
formerly a brigadier in ttie Salvation army,
whose conversion to the Roman Catholic
faith a year ami a half ago caused a com
motion In the army, is about to enter a con
vent. Mi?? Swift i? the daughter of a law
yer In Poughkeepaie and a graduate from
Vassar college. She taught English and
higher mathematics in a girls' school at
Morristown. N. J. On account of illness
she went abroad. In England she became
interested in the work of the Salvation
army. She will enter the convent in Au
gust as a postulant for a novitiate of one
year, at the end of which she win take the
white veil. The black veil will be taken at
the end of the second year. Then will fol
low a period of live years In the life of the
convent, at the end of which perpetual
vows are taken.—From a Chicago paper.
Mule Steak. All Right
"A party of Idaho cowboys, who were
out on tho range hunting horses not long
since, got desperately hungry, and rather
than kill a beef or steer, which is worth big
money just now, they dispatched a young
mule, whose llesh they proceeded to eat
with the greatest relish," said Albert C.
Blocker of thut state to a Post reporter.
"One of the company told me that tho
steak cut from the mule was as good as any
lie ever ate. but his sharp appetite may
have been a factor in the case. It was tho
tirst time I ever heard of a mule's being
sacrificed in such a cause, but as horsemeat
is growing In favor in European countries,
1 don't see why his long-eared relative
should not answer the same purpose."—
Washington Post.
Prime Ministers of the Century
There have been nine teen prime ministers
of Britain in the present century. Of these
two only are now living—Lord Salisbury,
who is 08, und Lord Rosebery, who Is 61
Six prime ministers, Including Mr. Glad
stone, have attained 80 years. Lord Sid
month died at 87. the Duke of Wellington
at 83, Kail Grey and Lord Palmerston at
81 and Karl Russell at 86. Four died in the
'70s, the Duke of Portland at 71. Lord Ripon
at 77, Lord Aberdeen and Lord Beaconsneld
at 76. Three ln the '60s -Lord Grenvllle at
66, Sir Robert Pei 1 at 02 and Lord Dorby at
t>9. Three in the '60s,—Mr. Perclval at s*.
Lord Liverpool at ".Sand Mr. Canning at 57;
and one in the '40s—Mr. Pitt at 47,—London
Tld Bits.
Not Short on Titles
Here arc the young king of Spain's titles
Yin full: Alfonso Xfll., Leon Ferdinand,
Maria James Isidore Pascal Antonio, king
of Spain, of Castile, of Leon, of Aragon, of
the two Sicilies, of Jerusalem, of Navarre,
of Grenada, of Toledo, of Valentin, of Ga
llcla, of Majorca, of Minorca, of Seville, of
Cerneda, of Cordova, of Corcega, of Gib
cia, of Jaen, of Algarra, of Algezlra, of Gib
raltar, of the Canaries, of the F.ast and
West Indies, of India and the Oceanic Con
tinent, Archduke of Austria, Duke of Bur
gundy, of Brabant and of Milan, Count of
HapSburg, of Flanders, of Tyro! and of
Barcelona and Lord of Biscay and Molina.
-London Tld Bits.
Clay Pipes for Curling Irons
"Lately some one has made the discovery
that clay pipes give a softer and more nat
ural wave and curl to-the hair than irons
did." said the enterprising girl, "anil non
it Is the latest fad. It's cheap, too, and
awfully convenient, for you can put a pipe
stem ln the smallest receptacle. I always
carry one In my purse. You Insert a hair
pin in the larger end of It. you know, and
make a handle; then you heat it and wind
your hair around it. You see, we moderns
can't Improve so much upon the ancients.
Old things aro best."—New York Sun.
Notice
From and after August 1, IS9S, the price
of lager beer to the trade In Los Angeles
will be advanced to $9 per barrel net. Bot
tled beer at all points will be advanced 50
cents per cask of six dozen quarts or ten
dozen pints. Advance caused by war rev
enue bill.
ADLOFF & HAt'ERWAAS,
MAIER & ZOBELEIN BREWERY,
LOS ANGELES BREWING CO.
All prices of wall paper greatly reduced.
A. A. Kckstrom, 324 South Spring street.
LEGAL NOTICES
TO THE STOCKHOLDERS OPTHE LOS
Angeles City Water Company: Notice
Is hereby given that the board of directors
of the Los Angeles City Water Company,
a corporation, have called a meeting of the
stockholders of said corporation, to be held
at the office of said Los Angeles City Water
Company at No. 334 New High street, ln the
city of Los Angeles, on Tuesday, the 9th day
of August. 1898, at thirty minutes past three
oclock p. m., to consider the subject of
extending the term of the existence of said
Los Angeles City Water Company for a
period of twenty yaars from and after tht
first day of August. 1898.
And you are hereby notified that the said
meeting will be held st said time and place
for the said purpose, and your presence Is
expected thereat. S. H. MOTT, Secretary, i
Perfect Manhood
Perfect Manhood, a most desirable
physical condition, free from all In
dications of nervous debility, lost
vitality, contracted ailments, etc.. is
prized above all other earthly at
tainments. And yet there are thous
ands of msn, so called out of respect
and according to custom, who, if
their dreadful secrets were known,
are hut poor specimens of true, ro
bust, competent manhood.
Such miserable mortals need not
continue on the downward road, that
much-traveled thoroughfare that
leads either to a sea of physical
wrecks, the madhouse or the dis
graceful grave of the suicide. The
time-tried, competent and trust
worthy physicians of nr. Meyers &
Co.'i Medical Institute cure and re
store the most dangerous and com
plicated ailments of men. They have
been a success for 1" years. All con
tracted ailments quickly and per
manently- cured. Consult them or
write for their private book and
symptom blanks. It will cost you
nothing. C'O.NSrI.TATION FREE.
All letters conlid-ntal.
NO PAY TIIX CPBKD
Pr. Movers & Co. have such faith
it: their ability that they do not ask
for payment till the patient Is cured.
218 S. Broadway. Take elevator.
Private entrnnce, room 418.
DR. MEYERS & CO.
The only reliable and the only le
gally registered physicians in South
ern California treating every form
of weakness and disease of men.
& Do You
yV Swim?
wm Docs Your
TT Boy Swim?
v v y ; ea/ £ It Is our busl
fffvJ ness '° ' urnisn
fffi your boy with
.— jJ" a safe, cleanly
place in which
™ to learn to swim
Wo Keep a Man to Teach Thera
Natatorliim Open „;MoioS? n,fht
Boys, 10 tickets $1.50
Ladies and Gentlemen, 10 tickets 52 00
342 South Broadway
Adjoining City Hall. £. W. GILBERT, Prop
tFOfBI
FINE TAILORING
PERFECT FIT, BEST OF
WORKMANSHIP, at
25 P«r cent Less than Other
Tailors Charge, Go to
JOE POHEIM
All Wool Suits 10*40 .„«t3C
Order trom JIZ 10 3>JJ
Pant.from . . . $4'°s|o
143 S. Spring St.,
LOS ANGELES.
1110 and m» Market St., • San Francisco.
LINES OF TRAVEL
H LOS ANGELES F
3 TEER7vTIINHL- £
—I -RAILWAY CO- f-
TIME CARD IN EFFECT JULY 23.
From Los Angeles to Depart, Arrive
Ulendalo, f 47t55em $9:W am
Tropiuo snd Jsll:3)aru $i2:3spm
Vcrdugo Park 1 ti':4:fnm #6:5.5 pm
(. |i9:osam ||10:2 C nil
Pasadena, i (7:15 am tB:Jiam
Garvanza and <tl2:4spm tl:s'2pm
Ostrich Farm ( 43:20 pm |6:35 pm
I'aradons, Altadena and | |8:50 am <10:28 am
Mount Lowe } f3:45 pm f5:31 pm
f $0:15 ara $7:48 am
San Pedro. fSulSam »B:47am
Long beach, J|liQ:3"i»m |ii:isam
Al&mttonand i 41:55 pm t61!2 pm
Terminal Island $4:50 pm §' :38 pm
I fo:40 pm 118:10 pm
I |8:8llm 511:15 pm
Catallna Island < $1 :jJ pm 4.i:12 ptn
< 14:50 pm ||10:30pm
tOaiiT, (Except Sunday
llttunday only, only,
Boyle Heights, Downey avenue and Daly
fctreet car lines pass Terminal station*.
City ticket office, 230 South Spring street.
Pacific Coast Steamship Co.
L. The company's elegant
steamers SANTA ROSA
SBka, and POMONA leave RE
-8 j|s> DONDO at 11 a. m. and
Hn PORT LOS ANGELES at
2:30 p. m. for Pan Fran-
Cisco via Santa Barbara
and Port Harford Aug.
7, 11, 15, 10 .23 , 27. .11. Sept.
4 , 8, 12, 16 ,20 , 24, its, Oct. 2. and every
tourth day thereafter. Leave PORT LOS
ANGELES at 6 a. m. and REDONDO at
10 a. m. for San Diego Aug. 1, 5. 9, 13. 17. 21,
25, 29, Sept. 2, 6, 10, 14, 18, 22. 20 . 30., Oct, 4,
and every fourth day thereafter. Cars
connect via Redondo leave Santa Fe depot
at 9:55 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-
Slntcrta, Santa Barbara, Gaviota, Port
[arford, Cayucos, San Simeon. Monterey
and Santa Cruz at 0:30 p. in. Aug. 4, 8, 12.
10, 20 , 24, 2S, Sept. 1, 5.9. 13. 17, 21. 25. 29. Oct. 3
and every fourth day thereafter. Cars
connect with steamers via San Pedro leave
S. P. R. R. (Arcade depot) at 5:03 p. m.
and Terminal Ry. depot at 5:40 p. m.
For further information obtain folder. The
company reserves right to change, without
previous notice, steamers, sailing dates and
hours of sailing. W. PARRIS, Agt.
124 W. Second St.. Los Angeles.
GOODALL, PERKINS & CO.. _ _
Gen. Agts., S. F.
LOS ANGELES AND REDONDO RAIL.
way Company.
Los Angeles depot: Cor. Grand aye. and
Jefferson st.
Leave Leave
Los Angeles Redondo for
for Redondo. Los Angeles
8-00 a. tn., Sun. only 7:00 a. m., Sun. only
9:30 a. m. dally 8:00 a. m., dally
10:45 a. m.. Sun. only 8:30 a. m.. Sun. only
1:80 p. m. dally 11: :00 a. m.. daily
6:30 p. m. daily 4:16 p. m., dally
7:00 p. m., Sun. only 5:45 p. m.. Sun. only
11:30 p. m.. Sat only 6:30 p. m., Sat. only
Take Grand aye. electric ears or Mala
st. and Agricultural park cars.
L. J. PERRY, Superintendent.
If you would have your advertising js a
announcements and arguments ♦* g
| burned 9
p| Into the g g
j memory »
g[§ of thousands of bright. Intelligent, i g
M£ money-spending people, buy space »JK
HH. in the advertising pages of §s?|
1| The Los Angeles Herald ||
2S Those who make lists of the mis- £8r
spelled words scattered through Eg
fi£ the advertising must learn the g§
06 advertisements by heart. They
can't help it. If you don't believe J<T?
gg; this, try to find the misspelled g g
S[s words yourself, and note the result.
H A Prize Every Week ||
OLDEST AND LARGEST BAN X IN SOUTHERN CALIFORNIA
CARMERS AND MERCHANTS* BA NX OF LOS ANGELES, CAL.
Capital paid up 8500,000.00
Surplus and reserve $925,000.00
I W. HELLMAN. President; H. W. HELLMAN. Vice-Pres.; H. J. FLEISH
MAN. Cashier; G. HEILMAN. Assistant Cashier. Directors— H. W. PERRY. O. W.
CHILDS J F FRANCIS. C. E. THOM. 1. W. HELLMAN, JR., H. W. HELLMAN,
A. GLASSEL. I. N. VAN NUYS, I. W. HELLMAN.
Special Collection Department. Correspondence Invited. Our Safety Deposit De
portment 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 OF CALIF OBNIA
At Los Angeles.
Capital ana Pro fits, 8270,000.00
OFFICERS DIRECTORS
S C. HUBEELI Prestd?nt 8. C. HUBBELL, T. E. NEWLIN. O. B
O H. CHURCHILL, First Vice President CHURCHILL, J. M. C. MARBLE. O. T
0. T JOHNSON Second Vice-President JOHNSON. JOS. D. RADFORD, W. S. DB
A HADLEY Cashier VAN. CHAS. MONROE, N. W. STOWELL*
JOS D RADFORD Assistant Cashier H. M. LUTZ. FRED O. JOHNSON, JOHJI
R. I. ROGERS Assistant Cashier E. MARBLE, A. HADLEY.
I OB ANOELES NATIONAL BAITS
United States Depository
CAPITAL $500,000.00 SURPLUS 150.000.00
Total »550.000.00
GEO H BONE BRAKE President WARREN GILLELEN — Vice-President
F. C. HOWES Cashier E. W. COB Assistant Cashlei
DIRECTORS
Geo. H. Bonebrake, Wsrren 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. L. G St
J F. SARTORL..., President H. J. Fleishman. C. A. Shaw, F. O dv.
MAURICE S. HELLMAN.VIce-Presldent son, J. H. Shankland, J. A. Graves .. I
W. D. LONGYEAR Cashier Fleming, M. S. Hellman, W. D. Lor .
Intercut paid on term find ordinary depoaltst
Money loaned on flrst-claaa real estate
pIRST NATIONAL BANK OF LOS A NGELES
Capital Stock J400.000 Surplus and undivided profits over %
J M ELLIOTT PresidentW. G. KERCKHOFF Vice-President
FRANK A. GIBSON CashlerW. T. S. HAMMOND—Assistant Cashlei
DIRECTORS—J. M. Elliott. J. D. Blcknell, F. Q. Story. H. Jevne, J. Di Hooker,
W. C. Patterson. Wm. G. Kerekhoff.
No public funds or other preferred depo sits received at this bank.
(yjAIN STREET SAVINGS BANK
Capital paid up 8100,000
Junction of Main. Spring and Temple streets, (Temple Block), Los Angeles.
OFFICERS AND DIRECTORS—T. L. Ducjue, President: I. N. Van Nuys, Vice-
President; B. V. Duque, Cashier; H. W. H ellman, Kaspare Kohn. H. W. O Melveuy,
J. B. Lankershlm, O. T. Johnson. Abe Haa s. W. G. Kerekhoff.
Money loaned on real estate. Interest p aid on term and ordinary deposits.
gOUTHEBN CALIFORNIA GRAIN AND STOCK COMPANY
2121-2Soutb.Sprin<j Street New York and Chicago Markets
Direct Wires. Reference:
Quickest Service. National Bank of California.
Telephone Main 042. Los Angeles National Bank.
MARGIN ACCOUNTS SOLICITED. CO MMISSIONS FAITHFULLY EXECUTED
Daily report mailed upon application. F. P. BURCH, Cashier.
JOS 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.
QERMAN-AMERICAN SAVINGS BANK
Paid Up Capital and Profits, $150,000.
COR MAIN AND FIRST STS. Victor Po net. President: L. W. BHnn 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. H. Era!v, J. M. Elliott, H. Jevne, Frank A. Gibson. Simon Major,
W. D. Woolwine, W. C. Patterson. Safe Deposit Boxes for Rent.
ni-.. ft. t rx*%rr Bookbinders and. , .
UIaSS CC LOng Blank Book Manufacturers
213-215 NEW Hiaii ST. Los Angel**) ,■*>■•
Kisia Kkse Klaj
107 Tim Spring St. fl
Alto open ereningn and Bunday 4 noont
for the accommodation of those who cannot
oome any other time
NEW YORK SPECIALISTS
We are pre-eminent in Diseases of
Uah af% M l_ r Cures Guaranteed
Men only Nofa i,ure
i aSOJfj S. Main St., Los Angeles
THE
HERALD
Excels.
Have you tried it?
Everybody says it's a good paper.
Reasons are not far to seek.
HII 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 Press special wire.
Democratic in politics and fair to all.
Southern California's favorite.
C. E. HEINZEMAN
.. Druggist and Chemist.,
222 North Main Street Los Anoelei
PRESCRIPTIONS CAREFULLY COM
POTOUKD DAY OR NIGHT.
Allen's Press Clipping Bureau
*)7 3 West Second BtVe*»
■ • " J Loa Angeles, Cai.
Furnish advance reports on all contract
work, such as sewers, reservoirs, irrigation
1 cump'nir plan' (and public buildings.
ing- ; om ail papers in Ao
Cniud States. *.
11