The herald. [microfilm reel], August 06, 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
DECLINING INTEREST
THE EXTENSION OF TRADE MUST
BE PROVIDED FOR
IRON AND STEEL REPORTS
Break in Plnte Glass Insurance Com
bine—lmportant Life Insurance
Decision—Dividends
OFFICE OF THE HERALD,
Los Angeles, August.", 1898.
The tendency to a decline In the return
which capltol receives from the to'al prod
uct of economic activity has long been
discerned by competent observers. In the
form of a gradual lowering of the rnte of
Interest It has attracted attention more
Bharplylln the. recent past, and it was well
worthy, says Bradstreet'S, of the promin
ence ln treatment given it by Mr. Hepburn,
the able retiring president of tlie New York
st;ite bankers' association, in his address
Ai the fifth convention of the association nt
Niagara Falls. N. V., at the end of last
week. Mr. Hepburn prefaced bis discussion
of the matter by a reference to the prosper
ous character of the fiscal year just (dosed
There are, it is true, cries of hard times
heard, he said, but whatever may be the
present view the year will be looked back
upon as one of unusual prosperity. If.
ln some quarters, it has not been regarded
as prosperous, it Is, he said, because of the
failure of people to adapt themselves tc
changed and changing conditions.
One of those conditions must be recog
nized frankly and without reserve. The
days of G per cent Interest have gene only
to return at troubled intervals when normal
conditions are disturbed. The choicest in
vestments. Mr. Hepburn said, yield less
than II per cent, and some' railroad bond*
bearing 3% per cent interest command ri
premium. Rentals are proportionately re
duced. These conditions have come to
stay, and in view of the magnitude of the
growing wealth of the country 4 per cent
must he recognized as a good return for
investments. There Is another side to the
picture. While the earning power of money
and property has been for years growing
gradually' lets, at the same time the pur
chasing power of lubor has steadily In
creased, not enly on account of the Increas
ing scale of wages, but also because of the
lessening cost of commodities, whether
necessaries or luxuries. It thus happens
that while people who have lived comfort
. ably upon their Incomes, as thty are com
pelled to reinvest their maturing 6, 7 or s
per cent. Investments ln bonds yielding 8%
and 4 per cent, are obliged to resort to
economies or supplement their incomes with
labor, the working people have more
leisure, time and greater means for the en
joyment of life, for self-cultivation' and fcr
developing a broader and better citizen
ship.
In the new movement the bankers must
take their share. Now, the speaker said,
the bankers make loans upon goods to ar
rive; ln the future they must lend upon the
outgoing cargo. Their money and their
credit must follow nnd aid the merchants
ln seeking customers in those countries
that consume more than they produce and
ln the general Interchange of commodities.
To enable the banks, however, to do their
best work In aid of the economic develop
ment of the country, the attitude of the
people ln some secjlons toward financial
institutions needs to be modified. A proper
remedy for the evils complained of by the
south and west particularly is »o be found.
Mr. Hepburn rightly suggests, not in wag
ing war upon existing banks, but in estab
lishing more banks. What is needed is
greater facilities for exchange. These would
be supplied to a large extent, In his opinion,
by the establishment of branch banks,
through which funds now held ln Idleness or
begging for investment at IVz to 3 per cent.
Interest would seek Investment at a bettel
rate of interest.
Mr. Hepburn recognizes that the present
war has made a long stride in the direction
of wiping out the sectional feeling that has
so long complicated our politics, involved
our business and embarassed our progress,
and he suggests that there Is nothing which
would tend more strongly to complete this
good work than an equalization of the rates
of Interest throughout the country. There
seems little reason to doubt that in an eco
nomic as well as in a political way the con
ditions which have' been and are now dom
inant will make powerfully for the elim
ination of sectionalism.
Iron and Steel
The American Iron and steel association
has now made Its report for the half-year
ending June 30, and the showing is once
more typical of all our Industries. Iron pro
duction for this period has run far beyond
the highest record, reaching 6,909,000 tons
as against 4,403,000 ln the same six months
last year, and 5,358,000 In the busy second
half of 1595. What has been thus produced
has gone promptly Into consumers' bands,
the remarkable fact being developed) that,
ln spite of the record-breaking increase In
production, the estimated unsold stock has
decreased 115.612 tons since the close of 1597.
But the capacity of our furnaces Is not yet
taxed to the extreme; Iron to-day sells
lower by 25 cents a ton than lt did a year
ago. With neither a premium to foreign
makers in the domestic price, nor a defi
cient capacity for home production, It Is not
hard to understand the further decrease
ot more than $3,000,000 in Import of Iron
goods for the fiscal year of 1808, or the still
more remarkable Increase of $11,000,000 In
our Iron exports. This double process of
ample home production and absence of
speculation In prices is the key. not only
to the season's movement In the iron mar
ket, but to the epoch-making change of the
last two years ln our general export and Im
pprt trade. The striking part of the whole
phenomenon Is that It seems to contain the
elements of permanence, suggesting that
our nation's industrial position, as regards
the outside commercial world, may have
changed finally from Its position of the
past generation.—New York Post.
Plate Glass Insurance
The long-expected struggle between the
plate-glass insurance companies began to
day, says the New York Post of the 30th
ult., and for the first time in several years
five of the largest concerns doing business
in this territory were relieved of all re
strictions and accepted business at what
ever rates they pleased. The companies
thus affected were the Fidelity and Cas
ualty company, the Metropolitan Plate-
Glass Insurance company, the Lloyd's
Plate-Glass Insurance company, the New
York Plate-Glass Insurance company, and
the New Jersey Plate-Glass Insurance
company. A few days ago George F. Sed
ard, president of the Fidelity and Casualty
company, notified members of the Plate-
Glass association, which then governed
GEO. A. DOBINSON
rates on New York business, that he would
withdraw from the association in thirty
days, but later, hearing that some of tho
companies were violating their pledges,
sent word that his company would retire
at once without further delay. This re
lieved the other companies of all obliga
tions, and while scarcely any had decided
j upon a dellnlte course of action this raorn
' Ing, lt was predicted that the fight now on
would be long and bitter, attended no doubt
on disastrous results.
Robert J. Hlllas. secretary of the Fidelity
and Casualty company, ln speaking of the
break, said it would be v long time before
his company would enter another alliance.
He could not tell what his competitors
would do, hut It would not be the policy of
his company to raise the rata of commis
sion. The Plate-Glass association was or
ganized ln New York In 1895. At that time
there were only seven companies doing
business in the United States, but with the
prosperity of recent years, others were or
ganized, and the compact companies soon
encountered strong opposition. Last year,
when the price of glass was low, the com
panies cleared lurge profits, getting excel
lent rates. Since then the price of glass
has Increased, and the profits, lt is said,
have been smnll.
Life Insurance Decision
Judge llanford, in the United States cir
cuit court, has rendered an Important In
surance decision nt Tacoma. He Instructed
the Jury to award the widow of the late
.lodge W. H. Calkins a verdict against the
Provident Savings Life Assurance society
for $5708. The company claimed the de
ceased had allowed his Insurance to lapse,
.lodge Hanford held that an Insurance com
pany, before lt can declare a policy for
feited for the non-payment of a premium,
must send the policy holder a notice stm-
Ing how much is due. when it Is due, where
it is payable, und that the notice must he
sent more than sixty days before the due
date of the premium. It makes no differ
ence whether premiums have actually been
paid or not by the policy holder.
August Dividends ln Boston
The semi-annual dividends and Interest
money payable in Boston In August aggre
gate, with some payments of principal.
$10,173,85,1. The total footing is Increased
by heavy extra payments. Among these
are American Bell Telephone bonds, $2.
--000,000; Rutland Railroad second mortgage
bonds, $1,430,900, and Pullman Palace Car
extra cash dividend, of which Boston
stockholders receive $2,284,120.
Insurance Ruling
Insurance Commissioner Dearth of Min
nesota has Just announced ns the result of
a ruling of Attorney General Childs. thai
companies transacting a tire Insurance
business in that state will be restricted in
the total net liability which can be, as
sumed on any one risk tn one-twentieth of
ihelr combined capital stuck and nel sur
plus. The previous rule permitted lines
"not to exceed one-tenth of the' net as
sets."
Incorporations
Fr snU i, rj. l< ' r H! " company, San Francis
co; $100,000; subscribed, 8500.
Wolff Forwarding company, formed to
conduct a draylngand forwarding business
.san Francisco; $2000; all subscribed
The Mine Exploiting company, San Fran
cisco; $i.ooo.(MO; subscribed, $125.
A. John Land and Cattle company, Llv
ermore; $lo,ooii; all subscribed.
Transfers, 81000 and Over
(Dally Statement—Aug. 3.)
F, B. Long et al. to E. L. Cooney et
al.—Lot 4, blk 3, Wilshire Boulevard
<ract 12 860
Pearl C. and S. N. Reppert to Re
becca C. Duhlop—Lot 19, Hardin
tract 1,800
LUClan Hamilton to 11. B. Webster—
Purt lot 12. blk Q, W. L. A 1 626
Hattle E. Sawyer to C. W. Mason-
Lot 141. Kohler trt;' also, lot 25,
West End Terrace trt 1,500
Mrs. Maggie and O. F. Herron to T.
E. Fitch et al.—Lots 1 to 20, blk 19,
Covlna 0,988
P. E. Finch et-al. to Mrs. .Maggie
Herron—Part lots 5 aiul H, W. R.
Rowland trt 6,180
l». F. Donegan et al., J. Doe and R.
Roe, by oJhn liurr, sheriff, to
Jennie Frankentleld—Lot 17. blk 4,
Beaudry trt 2,037
Twenty transfers under $1i«j0, of
Which four were nominal 16,817
Total $30,846
(Dall Statement—Aug. 4.)
F. Mohle et al. to 11. C. Bohrmunn—
Part lots 2. 3. 4 and 5. blk A. B. F.
Hall's sub. of part lots 1 and 2,
Freeman trt $s,flW
H. C. and Mrs. Mary Unhrmann to
F. Mohle—Lots 5 and 6, blk 82. Ro.
Prov. ami Scott trt 5,000
,T. M. Elliott to Mrs. .Martha A. Ken
worthy—Lots 1 to 12. 14 to 24, blk
1. all of blk 2, and lots 1 to 12. 20 to
21, blk 3, Vernon Park trt 5,700
F. Kenworthy et al. to J. M. Elliott-
Lots 2 and 3. blk B, Loomis trt; lot
Ml. blk 7, Blanchard's sub. of blk 5,
Woolen Mill trt 4.500
T. S. Lewis et al. to W. Stewardson—
Lot C, Solano Irt T.ftflO
Mary J. and w. N. Monroe to G. T.
Hall et al.—Part See. 23. I N. 11 6,2^0
.Mrs. Jupie Moore to M. C. Morlan —
Part lot 71. Watts sub. of part of
Ro. San Raphael 1,000
M. C, Morlan et al. to T, H. Morgan
and W. S. Potwln, trustees, as joint
tenants—Same 1,000
Twenty-live transfers under $1000 1.100
Total $33,940
mortgages, SI 000 and Over
(Daily Statement—Aug. 3.1
G. G. Green et al. to G. S. Myers—Lots
I to 14 of Webster ft Rose sub. and
other property, July 12, 1901, 9 per
cent $TO,OOO
W. Thompson to H. R. Crowell—Lot
12, blk B, Wheeler trt, 2 yrs, 10 per
cent ■ 2,750
F. M. Dimmlck et al. to Union Bk of
Say.—Lots 1, 2, 3, 6 to 17, 19 to 22, 24,
25. 26. 31 to 43, 48 and 491 Sharer &
Town's resub. of Rosedale Hgts trt,
also part of Ro. La Cienega, 3 yrs,
II par cent 2,000
Santa Ema Land Co. to Emma Kaiser
Part lot 1. blk 22, H. S.. being a re
newal of mtg 377-238. 2 yrs, 10 per
cent 8,000
Mrs. Maggie and O. F. Herron to Co
vlna Valley Bk—Part lots 5 and 6,
W. R. Rowland trt, 2 yrs, 10 per
cent 1,000
G. E. Sullivan to R. M. Baker—Lots
I to 13. blk D, Adams St. trt, 3 yrs,
II per cent 3,000
Fifteen mortgages under $1000 7,649
Total $84,399 I
(Dally Statement—Auk. 4.)
J. G. Hell et al. to So. Cal. Say. Bk—
Part Ro. San Antonio, 2 yrs, 10H per
cent $3,000
F. Motile et al. to H. C. Bohrmnnn—
Lots 5 and 6. blk 82, Ro. Prov. and
Scott trt, 2 yrs, 9 per cent 2,000
Clara 1.. S. McOulre to Isabel G. D.
Johnson—Lot 6, blk 2, Tallmadgo,
Foote & Burnham trt, 2 yrs, 10 pef
cent 1,200
Anna M. and J. T. Pollock to Nellie
CrowlevPurt lots 31 and 32, blk 19,
Woltsklll Orchard trt, 2 yrs, 10 per
cent 1,000
Jano B. Ridgewny to Columbia Say.
Bk-Part Sec. 2, 2 S. 14. 5 yrs, 11%
per cent • 2,000
W. W. Brookner et al. to H. Johns-
Lot 43 and part 44, blk A, Dunkel
berger trt, 2 yrs, 11 percent 1,000
J. C. Salisbury et al. to U. S. Mort-
Sage &T. Co.—Part lot 9, blk 9, O.
~ Jan. 1. 1903 , 8 per cent 10,000
Twelve mortgages under $1000 4,879
Total $26,079
Releaser), $1000 and Over
(Daily Statement—Aug. 3.) !
Fred Shoppe to J. A. G. Nelson et al.,
518-147 $1,000
Mary F. Mason to C. W. Mason, SOS
lee 2,000
J. Johnson to G. E. Sullivan, 495-41.. 2,800
Three releases under $1000 1,210
Total $7,610
(Daily Statement—Aua. 4.)
Cal. T. Ins. & T. Co. to Anna M. and
J. T. Pollock. 487-76 11,200
LOS ANGELES' HERALD: SATURDAY MORNING, AUGUST 6, 1898
Say. F. & B. Soc. to T. S. Lewis, 578
--65 •. 1,000
Metropolitan L. Ass'n let W. ft.
Holmes, 345-87 4,000
Same to C. A. Baskervllle, 333-40 .... 3,O"0
Same to J. (}. Mossin.soo-til 3,500
Same to M. Ricder, 307-55 l.ij'iu
J. 11. Bhankland to B. H. Heg-., 514
--265 2,000
Union Mut. B. ft L Ass'n to w. J.
Hamilton. 440-117 1.0(10
Fourteen releases under $1000 BjVOO
Total $24,200
ON CHANGE
Conditions as Shown by Transactions
on Wall Street
NEW YORK, Aug. J.—The stream ot.
speculation and investment money cnntln-1
ueel to pour Intftj stocks and bonds today
without Interruption. Prices throughout !
the list were litted sharply. Tne profit
taking movement which has been a drag!
Un the- leading Industrials for several days
past was apparently ended today, and the
hears who sole! these stocks early on tne
assumption that realizing wus still In prog
ress were glad to buy back later. The re
suit was to bring the Industrials into the
general current of the market, which moved
upward with a tidal sweep. The railroads
themselves were unsettled at the opening,
and most of the l-adlng stocks dec 1 ].,,! i,
to % before the upward movement of prices
set In. The opening weakni ss wus In sym
pathy with London, and fhe quickness with
which It was overcome was a striking evl
j dence of the Independence of the local ex
change. There was quite a Serious dispo
sition, both In London and Paris, on th?
reported friction betwei n Hussin and Great
Britain, und there was quite urgent selling
here for London account, but the supply
of American securities abroad has bet-n no
far reduced In the past year that the dis
position of foreign holders to buy and sell
has much less Influence than formerly. The
aggressive buying Which has been noticed
In wall street tor several days quickly
turn, d prices upward ar.d gained in vol
ume on the advance. Burlington continued
to be the leader and scored an extreme
advance of i%. The other Grangers came
next ln point of Importance and ;h • Pacific
roads and their connections followed* with
quite a list of lesai r sticks trailing owto the
movement. A marked featun ■>( the trad
ing was the large individual beedes of stock
which wer> taken at the opening Huun s.
Quite a number of the speculative leaders
showed single transactions nf 1000 shares
or upward at the high prices of the day.
There was sony disposition to realize in
ihe last hour, but v deollne of a fraction
quickly re.lured the market t" dullness.
The market was remarkably broad, and
brought into activity during the day many
long dormant sleeks.
Dealings in hinds were not on as large
a scale as yesterday, but were large and
weil distributed ami carried prices vigor
ously upward all through the list. Total
sale's. 14,045,000.
United States old fours, registered, ad
vanced 14, and ihe threes, When issued, de
clined >!, in the bid price.
Closing- Srocks
NEW YORK, Aug. s.—The following
are the closing prices on the New York
stock exchange today*
Atchison 13% do 2d pfd ... sen.',
do pfd.... 35 St l'nul 102%
Baltimore a O. 15 do pfd 162%
Canada Pacific. 83% St P&Omaha. ..81
Canada South.. 63% do pfd 158
c Pac ex 16 St PMft M 161%
Ches ft 0hi0... 22 7 * Southern Pacilic. 20
Chi * A1t0n...159% So Hallway 8%
CBft Q HI", do pfd it^t,
Chi ft E in... 37. Texas .* Pacific. 12v.
C C C & st !>., \ ~ V P pfd 63%
d« pfd.... 84 UPO ft G 5Ji
Del ft Hudaon:lo7% Wabash 7%
I) L & W 150 do pfd 18 i
Den & R10G... 12 Wh el ft LE — Mi
do pfd.... 50% dv pfd 12%
Erie (newi .... 13% Adams Ex 103
do* Ist pfd.. 35% American Ex 131
Fort Wayne. ...172 United States Ex. II
Gt Nor pfd, ex Wells Farce 118
dIV ex rights.llll". Am Cotton 0i1... 27 : 11|
Hocking Val... 1% do pfd 82' i
Illinois Cen ....107a! Am Spirits 13JJ
Lake E ft W.. 14 del pfd 38! i
do pfd.... Tlx AmTobacco 127.
Lake 5h0re....186 do pfd
Louis* Nash.. 54% People's Gas ....100
Manhattan L..107V4 Gas 199
Met St Ry 157 Com Cable C 0....170
Mich Central...lo7l4 Col 1' ft 1r0n.... 2"
1 Minn &St L.... 28% do pfd 63
do Ist pfd.. 80 Gen Electric 40V
Mo Pacilic 36% Illinois Steel .... 58
, Mobile A Ohio. 26% La Clede Gas.... 581
M X & T 11", Lead 3,<:
j do pfd.... 34% do pfd 100'-
Chl ft L 10 Nat Unseed Oil.. 1;
dv pfd.... SIS Pad Bo Mail. .7.
1 N J Central.... Hit] Pullman PalacellSl!
N V Central... 119% Silver Cert ss»j
NYC ft St L. • 13 Standard X ft T.
do Ist pfd.. 90 Sugar 13S"f>
do 2dpfd... 37 do pfd 114
Nor West 11% T C ft lion tf,
1 N Arrrrr C 0.... 6% V S Leather i l ,
North Pacific. 36% do pfd Ml
do pfd.... 7V\ U S Rubber 89-H
Ontario * U'.. 15'fc do pfd 78%
' Ore 1! A Nov".. 59 Western Union.. 98y
Ore Short Line 2' Chicago ft NW..134
I Pittsburg no do pfd...
. Heading IS Chicago ft GW. lEV
, Rock Island.... 9954 st L&SW >M
SI I, ft S F — 1% Reading Ist pfd.. 42V,
do Ist pfd.. 64 Brooklyn 11 T— ./.»>•
Bond List
NEW YOU EC. Aug. 6.—The following
are the closing ,>rioes of bonds on the New-
York stfick exchange today:
V S new 4s reg.128% SIC Ss 112%
do coup 12S N Carolina Os —125
Us 4s 112' i do 4s 108%
do c0up....112 N Pacific lsts.... 1134*
do 2ds 97 do 3s *f»
f S 5s reg 113 do 4s ldoVa
do 5s coup.ll3 N V C & Hi L....1",
District 3s 65...116% Nor * W 6s 121
Ala Class A....103 N W Consols._)4H4
do B lll'l do deb 85....118
do C 98 O Nay lsts 112
do Currency 90 do Js
Atchison I" .... 95S o S Line list r..12.">
do ad J 1»... 12% do us t r 106%
Can Bonds Wi'i, Fuelltr 6s 0f95...105TW
Can Pac lsts.. — Heading 4s Ml •<
Chicago Term. 88 XII W lsts 69Vs
C & Ohio 55....114% S L& I M cor: ss, 100
C Hft 1) 4%5...104% B I. ft B P gen 65.H9
Ii * RG 15t5..110% st P Con 146%
D ft R Q 45.... 90% St P ft C P lsts..lis
East Term 15t5.105% 6\o 5s 116
Erie Gen 45..,. 75 So Railway 55... 9774
F W ft D lsts tr 71 s c non-fund...—
(Jen Elec 5s 105% S R&T 3s TO
G II & S A 65...104 Term new set 35.. 92
do 1M5....103 Tex P LG 15t5..107
Hft T C 65....110 do reg2ds... 42%
do Con Gs.lll Union Pac 4s 98%
lowa C 15t5....103.% U P D & G lsts.. 7014
X P Con t r.... — Wabash Ist 55....11 l
KPlSt(DD)tf— do 2ds TiO
L A new con 4s. 10:1 do 3s 91
I, ft I'ni 4s 91 Va Centuries.... 72%
Missouri 0s 102 W Shore 4s 110
M Kft T 2ds.. 63% U P pfd 69%
do 4s Wte Va Centuries.... T2%
N V Cen lsts..llo do dfd 0
Bradstreet's Report
NEW YORK, Aug. s.—Bradstreet's to
morrow will say:
The stimulating Influences Of the appar-.
ently near approach of peace, coupled with
the generally expected effects It Is hoped
will float from the opening up of new
markets in the lauds added to the national j
domain, seem to Increase as the summer
wanes. That the Improvement, while as
vet admittedly one largely of sentiment, is
hot serlouslv confined, however, is proved
by reports of a still further increase in the
distribution of staple goods In the west,
northwest and southwest, where the ex
cellent crop situation has rendered harm
less the supposed benumbing effeots nf the
war. So fnr as the crop situation is con
cerned, the past week furnishes not the
least notable contribution of the year in
reports cumins from the great surplus corn
producing states of beneficial rains, check
ing a deterioration which threatened ma
terial damage to this must widely grown
and intrinsically valuable uf the country's
cereals. While the tendency generally Is to
concede some diminution In the corn yield |
as a result of the recent drought, the stead
iness of the price of that cereal bears wit- I
ness to the willingness nf the trade to be- t
llsve that some falling off In this year's
yield can be safely permitted in view of the
bumper cmps of recent years. Anuther en
couraging feature of the week has been
the perceptible growth in strength of the
Iron and steel situation, partly as the re
sult, it is claimed, uf the hoped-for ap
proaching dose of hostilities, but partly
al«o as the result of an active demand on
foreign account fur nearly all forms of
these metals. Particularly notable is the
d,r«wid. more especially In the central
weSiVHCor iron for implement manufactur
ers and for steel rails and plates for ex
port or for domestic shipbuilding. Firm
ness in prices is a feature uf particular in
terest ln view of the enormous production
of pig Iron early in the year, and appar
ently reflects the going Into consumption
of most of this Immense production, leav
ing "tocks generally within controllable
limits. ,
Eencouraglng export demand for our ce
reals, great steadiness of prices, largest re
corded midsummer bank clearings and
fairly encouraging railroad earnings, not
withstanding the unwillingness of farmers
to accept cereal values, are additional en- . i
cnuraglng features of trade at the present] I
time. 1
Prices are quite generally firmer, tend- .
Ing upward ln spite of the midsummer gui- 1
etness in many lines of trad". As a re-;
suit of operations in Jub . 32. or about one- 1
third of all staples, Advanced In value; 27 '
declined, while 44 remained stuady or un
changed, Advances In many cereals, ex
cept wheat and Hour, live beeves and hogs,
a number of provisions, dairy productl and
groceries, most raw textiles except cotton;
petroleum, rubber, alcohol, opium und qui
nine are features of the month's operations. I
Important decreases, aside from that In,
wheat, are found in seme makes of Iron;
and steel and some other medals, and in;
building lumber.
Compared with August Ofle year ago,
06 out ol 104 staples are higher. 2|i at. |ow< r
and nine are unchanged, so that it may_ue;
said that, compared with a year ago, tuere
have been more than two advances for '
every decline reported,
i Business failures In the United Statu; are
lat a minimum, numbering Me IdStlcalan
inumber with those of last week, but corn-
Spared with 211 in this week a year ago,
2P in iwh. 20!' in ixlir.. and I!<7 In IMM
Canadian failures number 23. agtTlns*. 34
1 lust week, 41 In this week a year ago, 33 in
I 180 H. 31 in 1895. and 40 in 18SI4.
Financial Review
! NEW YORK, Aug. s.—Bruelstreet's Fl
i nancial Review tomorrow will say:
I Peace negotiations and the better outlook
for the corn crop, resulting from rains at
I the west, have brought v change ln specu
lative conditions. The stock market has
been broader and shows the pretence nf In
creased public participation. Prices have
tended to advance, th ugh the Industrial
securities bore an Important part In the
week's movements, renewed attention has
been paid tn the railroad share iist and the
! Granger stocks have resum««l their posi
tion of leadership. Bunds have been active
ami strung, governments showing a decided
disposition to advance. The new three per
cent war bonds are the object of a declfh-d
buying demand and touched lor.y*. while
other classes of t'nited States securities
have been higher. In the railroad bond list
I the advances have bun marked, an Invest-
Im< nt demand n suiting in a n.w price rec
ord fnr many of the reorganised roads, like
Erie, Atchison and Northern Paolflc, wide
speculative purchases have helped values
for the cheap, low gride issues. London
has not been an Important factor, and
though sentiment there is favorable there
was some foreign selling en the advances
here. It might be noted that the chief ef
fect "f the peace prospects on the market
abroad would not cause the rapid advance
in the price or Spanish fours, which tom-hed
12 In London, while at Madrid the gold
premium fell to 67.
The- beginning of gold importations pro
duced Little Impression, owing to the p- lp
, thora of money, and far more significance
I lias been attached by the market to the
. present nutlonk for an average yield of
I corn. This Is reitei-ted by the decided
strength of the securities iit corn carrying
. railroads and the reappearance of reports
. concerning Increases of dividends or th-lr
resumption by a number nf companies. At
the same time the revived activity of Ihe
railroad list has been partly at the expense
Of the Industrials. Some nf the latter group
; which have been the objects of bullish mi
-1 ttlpulatlon showed a disposition tn lose pin t
of ihelr recent advances.
Dun & Co.'s Review
! NEW YORK, Aug. 6.— R. G. Dun & Co's
Weekly Review nf Trade will say tomor-
row:
Prispeets of pcucc stimulate many kinds
of business, in spite of records, th.. Im
pression prevails that delay ami hesitation
have legitimately resulted from the war.
and larger contracts are in tact coming for
ward for Iron products, and a general bet
ter demand in most industries. The vol
ume of payments through all charing
houses was the largest ever known in July,
being 8 per cent larger than in 1899 fer the
nmi,th, and In the past week 11.7 percent
larger. Most Industrial works have re
sumed after a shorter vacation, with fewer
participating than usual. A tew labor trou
bles call attention to the fact that mis
season has been remarkably tree from such
hindrances.
In spite of the promise of 700,000,000 bush
els of wheal this year, the price Is 2i 2 e high
er for the week. The disposition of farm
ers to bold back their wheat fur prides
mure like those obtained recently ac
counts for smaller receipts than last year,
but exports, including flour, were 3,0411617
bu-he!s, against 2.53U.725 for the same week
la.-i year, and for live wVeks of the crop
year 12,474,889 bushels, against 9,873,192 last
year. A rather better demand fur staple
cotton goods does not relieve the over-pro
duction in the print cloths and goods are
practically unchanged In price. Western
Stiffness In holding wool and the new Eng
lish wool paper drifting this way and large
ly refused, indicate another attempt to tire
• utt the manufacturers, who are actually
off.-ring for worst'd wool four to liv nts
below asking prices, and buying scarcely
any. Several. mills have closed (or the
time, rath»r than pay prices asked for wool.
The Iran maiiflfacture has nearly, If not
d'ulte, resumed Its full production, except
in the -valleys, where Hessemer producers
at" closing In turn Under agreement to
force prices upward. While there has been
large buying, one Pittsburg steel concern
with all Its furnaces at work taking COM
tuns more, the price there does not change
as yet. nor does local pig at Chicago, ul
i though with much better buying, one south
ern concern advancing Its price 25 per cent.
The demand fur rails Includes bids for next
winter and n-xt year, a Chicago sale of
•ueo tuns for Japan and eastern Bales of
I 'Hum tuns fur American roads. r,m»i for Prince
Edward's Island next year, and 2i.<»ki de
liverable In three years for Mexico. Plates
lure in unprecedented demand, both east
and west, and structural works are full.
: with large contracts turning forward In all
I Failures for the week have been 13d In
the United States, against 237 last year,
und 21 In Canada, against 20 last year.
Treasury Statement
WASHINGTON, Aug. s.—Today's stata
ment of the condition of the treasury
shows: Avail.ib c cash balance, |2d7,5tt3,860;
gold reserve, 8188,686,771,
Silver Bullion
SAN FRANCISCO, Auk. .".—Silver bars.
58(4Ci Mexican dollars, 4tft-46',xC.
Spanish Securities
PARIS, Aug. s.—Spanish fours closed a
42.20.
CHICAGO MARKET
Prices and Prospects of the Trade ln
Cereals
CHICAGO, Aug. 5.—A sharp rally at
Liverpool before the opening here started
wheat higher. The foreign strength was
supplemented by the domestic situation.
The principal feature of the latter was
small receipts, and consequent Inadequacy
of supplies for immediate shipment east
and abroad, Chicago receipts were 87 cars,
against 124 last year; Minneapolis and Du
luth, 70 cars, whereas 270 were received a
year ago. The total r .cvlpls at western pri
mary markets were 412,000 bushels, against
-.•7'liki bushels the similar day of last year.
Atlantic port exports were liberal. Such
reasons were sufficient to account for the
one cent a bushel advance in September
wheat that resulted In the llrst half of the
session. December, as it has been doing of
late, participated tn only a small extent
In the bullishness of September. A good
deal of the short September "bought in"
was resold for the more distant month.
The demand for the scanty offerings of
carload wheat In the sample market was
1 altogether in excess of the supply. The
demand for Shipping lots was even more ur
gent than it was yesterday, and the'prem
ium bid over September price for immedi
ate shipment was 5 cents, while 3 cents
premium was bid for shipment up to" the
end Of the month. September closed one
cent higher nnd December %o.
1 The strength in wheat and a sharp ad
vance In the spot article at Liverpool were
| the leading rnfluenoes in corn. September
I closed with an advance of over yes
terday.
Oats were firm In sympathy with the
! other markets. The close was 14c higher
i for September.
The better tone in provisions was due to
the strength In grain and higher prlOtl for
hogs at the yards. There was very little
product for future delivery offered, and
that which did find its way Into the pit
was quickly absorbed at advanced prices.
Pork rose 7',ic and lard and ribs 2%0 each.
SAN FRANCISCO MARKET
Call Board Dealings and Prices of
Produce
SAN FRANCISCO, Aug. s.—Wheat firm;
December, 1.20.
liarlev—lnactive; December, 1.18%.
Corn—Large yellow. 1.1001.12%.
Bran—ls.soMlo.oo per ton.
Flour—Family extras, 4.1004.50 per bbl.;
bakers' extras, 4.15M4.25.
Wheat-Shipping. 1.18%®1.21% per cerr
tal; milling, 1.8fK51.40.
Barley—Feed, 12001.22% percental; brew
teg nominal.
I Oats—Poor to fair, L17%01.22%; good to
choice, 1.801.30' fancy feed. 1.32%; gray,
1.22%01d5; milling. 1.8J¥j01.37%; surprise.
1.;'2>v«1.3j.
MMlituffi—Middlings. 18.00©20.00 per ton;
bran, 15.O0itflG.0O.
Hay—Wheat, 11.00(3 18.00: wheat and oat,
14.00<tf 17.00; alfalfa, IS.OfKj 13.00; barley, 14.00
Bry" Beans—Pink. 2.50112.60 per cental,
sinafl white, 2.00->)2.15.
Vegetables—Onions, 7E©B6c per cental;
green peas, 2.50-0(3.00 per sack; tomaiTJss,
l-tfl%c per lb.; rhubarb, »olij;7sc; squash,
Fresh Fruits — Pears. Bartlett, 85c
1.16; per box; strawberries. 2.00-tf4.00 per
chest; gooseberries. l{tl%c: cherries, black,
40ta30r: white and red. 15f-30c; nutmegs.
1 00®2.00; peaches. 73Cui.00; apples, *5c©1.00;
cantaloupes, 2."01i4.00 per crate.
Eggs—Store. lo@lßc per dozen; funcy
ranch, 20024 c.
Butter—Fancy creamery, 20c p-r pound;
do. seconds. 20c; fancy dairy, ISc; do.
seconds. l!H(20c.
Poultry—turkey gobblers. 13-ftUc per lb.;
old roosters. 4.MDC601 dozen; young roost
ers, s,iiO«.'. IO; small broilers. 2.0002.50; large
broilers, 3.0005.50t fryers. 3.60«i4.i«; hens
8.50O6.00; old ducks, 3.0003.26; geese, 75ctf
1.00 pair; old pigeons, 1.23; young pigeons,
1.50.
Citrus Fruits—Navel oranges. 1.50JT1.73
Mexican limes, repack, 5 50(tf6.00; common
California lemons, 1.30-32.00; choice, l.uOg
2.50.
California Fruit Sales
NEW YORK, Aug. s.—California fruit
sales:
Nectarines—2.4s single crate.
Plums—Wlckson, 2.30 single crate; Brad;
show, 90e©1.90; japan. 1.0001.85; Egg, Socfl
1,42; Columbia, 75C01.20; other varieties, 70c
01.05.
p, ars—Bartlett, 1.7Wf2.3fl box and Sic. half
, box; Buerre Hardy. 1.80 box; Buerre Cluir
geau, 75c half box. . ,
Prunes—Gros, uii'Sl.Bo single crate; Ital
ian, 1.O0: German, tsci.fi.oo; Tragedy, 8./ti
l.i'cr; Hungarian. 80c. „ _ ,
Peaches—White Freestones, 9001.80; Latf
Crawford, 1.20O1.30; Early Crawford,
! 1.20: Tuscan Clings, 1.15; Susquehanna, 1.. .;
i Strawberry, 1.16; Foster, 1.1001.16.
Grapes—Sweetwater, 1.20 single oratr.
Eighteen carloads were sold.
CHICAGI (, Aug. 5 -l lallfornia fruit sales:
Pears—Bartlett, 1.85® 1.65 box; Buerre
Hardy. 1.86,
Prunes—Gros, 1.35@1.85 single crate; Ger
man, 1.2501.30. „
Plums—Egg, 1.0501.86 single crate; Co
lumbia. 90c; Uradshaw, 65c®80e.
six curs were sold.
London Markets
NEW YORK, Aug. s.—The Eve,nl»s
Post's London financial cabtegramTays:
The stock markets here were stagnant ln
tone and dull today on Chinese political
matters, which caused a fall in consols.
Spanish securities kept fairly good on the
peace prospects. Americans have been
easier in sympathy with other markets,
but dosed 'good. It Is generally believed
that nothing serious will come of the po
litical Situation, which, however, is ad
mitted to be rather critical.
Dried Fruit Prices
NEW YORK, Aug. B.—California dried
Fruits dull. „_„
Evaporated Apples—Common, SWc per
lound; prime wire tray, WS'ic; choice,
I»4<?i9c: fancy, 9'jc.
prunes—4®Be.
Apricots—Royal, 8H@10c; Moorpark. UkS
Peaches— Unpeeled, 608 c; peeled, DOlUc.
Kansas City Live Stock:
KANSAS CITY. Mo., Aug. s.—Cattle-
Receipts, 3500; market steady to Strong;
native steers. 8.5005.26; cows and heifers
1 .he,,:,.:,..; stockera and feeders. 2.50<ii.V00:
bulls, 3.00®8.88. , -
Sheep — Receipts, 1000; market firm:
lambs, [e-mail]; mttons, 2.6004.88.
Petroleum
OIL CITY. Pa., Auk. S.—Credit balances,
jfie; oertllicates, 86% cbd Ifor cash.
Local Quotations
BUTTER —Extra local 32-ounce squares,
Bo®s2Vtc; fancy creamery, northern. 32-oz.
squares, 46'g.47M.; dairy
28-OS, squares, 40c; fancy tub, per lb.,
22023 c.
EGGS—2o<i2lo per dozen.
CHEESE—Martin's New York Cheddars,
per lb.. 18c; eastern full cream, per lb.,
13c; California half cream, per lb.. 10c;
coast Cull cream, per lb., llVic; California
Downey or Anchor, per lb.. 13c; do. Youns
American, per lb., 14c; do. 3-lb. hand, per
lb.. 15c; domestic Swiss, per lb., 20c.
POULTRY—Per dozen: Hens. 8.8005.00;
young roosters, 4,0006.061 old roosters. 8.80
4 ot)* broilers, 2.00®3,60; fryers, 2.7".''j3.75;
ducks, 3.0008.50; turkeys, alive, per pound
lOltllc; geese, apiece, 76001.00,
POTATOES—Surbanks, Dues? 1.00.
VEGETABLES—Beets, per 100 lbs., 80c;
cabbage, per 100 lbs., 6CKg73c: carrots, per F»i
lb*. 7.'c; chiles, dry, string. 1.0001.25; Mex
can, per lb., 50c; green, per lb., 6®70; gar
lic s'uii; onions, 76080 c; do. green, per doz.,
doz., 20c; green peas, B®4c; turnips, 83c;
parsnips. 75085 c; cucumbers, 75'uSoc box.
UREEN FRUlTS—Bananas, hunch, $1.30
2 25.* strawberries, com., s'jiiiC; fancy. $'<(
12c; blackberries, 4«jßc; loquats, 4®6e:
rics, white. 45060; do. bluck, 45060; apricots,
per box, 50c. raspberries, per box, 8010 c;
07c; gooseberries, per lb., Bfo4c; currants,
box, OOiQOjc; Logan berries, per box. 4@oc;
4®6c; llgs, per box, 60060 c; peaches, per
box, 70076 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.,
b l 'Ml\%c; 4-crown. per lb., 6*606 c;
peas, 8.7608.00; black-eyed beans, 3.00; gar
per shell, 121113 c; hard shell, 7(&Sc; pecans,
7c; roasted, B(!js"i,c; California, raw, 405 c;
12.50013.00; loose, 12.00.
LAUD—Rex pure leaf, tierces, 8c; spe
cial kettle rendered lard, B%c.
CITRUS FRUITS—Fancy navels,
2.40 per box; fancy seedlings, 1.7802.00.
Cured fnncv, 1.6002.00; choice, 1.25; green
lemons, 1.00; grape fruit, per box. 3.0004.00.
DRESSED MEATS —All per lb.: Beef,
No. 1. »%<:: No. 2, tftic; hind quarters. No. 1,
9c; hind quarters, No. 2, 7cj ribs of beef,
10c; veal, 7«7esc; mutton, 7V4c! lamb, Sc;
pork loins, S%c: legs of pork, pork
spare ribs. He; pork tenderloins, 13c.
LIVESTOCK—Per lb.: Beeves, STflMic;
hogs, 4Vic; lambs, per head, 1.6002.00; sheep,
per cwt., 2.5003.60; calves, per lb., 3c.
CURED MEATS—Rex hams, lOiic; pic
nic hams, BHc; No. 2. B%c; select mild cure,
lie; fancy breakfast bacon, llftc; dried
beef, 14M>c; smoked tongues, 50c; dry salt
clear bellies, 10-20 ay., 9Mic; dry salt clears,
33-40 ay., 7 5 tc; salt clear backs, 7V4c.
TALLOW—Per lb.. 2M.1&3V4C.
Wool>— Nominal.
HONEY AND BEESWAX—Honey In
wax, 20026 c per pound.
BEANS AND DRIED PEAS—Pink, 3.25®
3,50; Lima, 3.26<fi3.50; Lady Washington. 2.40
(&2.50; small white, 2.6002.60; green field
pecs. 2.75t().'i.00; black-eyed beans, 3.00; gar
vancos. 1.0004,60; lentils, imported, 7.00(9
8.00; lentils, California. 3.50J(4.00.
DRIED FRUITS—Apples, sun dried,
sacks, per lb., aftlftlc; evaporated fancy.
6H'Bc; apricots, fancy. Sc; choice, 6<fißc;
peaches, fancy, unpeeled, s(fj"7c; pears, fan
cy evaporated, 8010 c; plums, pitted, choice,
BolOc| prunes, choice, boxed, sacked,
4faoc; elates, 7V4iiSc; silver prunes, choice,
sack, 7*l*l4So: boxes, 9010 c: llgs, California
white, per lb., org7c; California black, per
lb., s©6Hc; California fancy, per lb.. 7M>{i
10c: Imported Smyrna, U^sOlaO,
NUTS—Walnuts, Los Angeles, 405 c; pa
per shells, 121113 c; hard shell, 7rr/Sc; pecans,
9HT2c; lliberts. 12ii?12V*c; Brazils, Uol2cj
pinons. 18011 c: peanuts, eastern, raw,
7c; roasted, 84}8Vtc; California, raw, 4W5c;
roasted, S\tfaTc-
MILLSTUFFS—FIour, local mills. 5.20
per bbl.; Stockton brands, 5.25; Oregon, 5.00;
eastern, 6.0008.76; shorts, ton, local, aa.oO;
rolled barley. per 100 lbs.. 140; cracked corn,
per 100 1b5.,'1.05; feed meal, per 100 lbs., 1.10;
bran, per ton, 21.00; graham, per 100 lbs.,
2.70.
HAY—Wheat, per ton. IS.OO@ 22.00; barley,
17.00018.00; oat. 17;OO02O.OOj alfalfa, baled,
12.50-313.00; 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,
UVic; do. calf. 15c; bulls, 7c; salt steers,
IHOH4c; do. stags and bulls, 3',404c; cows,
BHOTc; sheepskins, 653'6c.
While thore are 125,000,000 people nt the
present time whose everyday language Is
English, there are only 90.000,000 who speak
Russian, 75,000,000 who speak German, 55,
--000,000 who speak French, 45,000,000 who
speak Spanish and 35,000.1X10 who speak Ital
ian. This marvelous growth of the English
tongue Is directly due to the rapid develop
ment of the United States, aided, of course,
by the Anglo-Saxon's natural colonizing
spirit. In this country there are lee-s than
80,000,000 people, and greatly less than thnt
number ln the whole of the United King
dom. This estimate Indicates the spread of
the language Into all parts of the world.
All prices of wall paper greatly reduced.
A. A. Eckstrom, 324 South Spring street.
Optical work; accurate fitting. J. W.
Fuller, 815 North Main street.
& TlrlSlsrii^Rescutf
A YOUNG LIFE SAVED
IN A REMARKABLE MANNED
Ftorence StHrd!vant, of grindstone Island, Saved from
an Untimely Death— M Dangerous Predtoament.
From " On The St. Lawrence," Clayton, N. Y.
Kmme the Thousand Islands is one called prostrated. At this time we calledl an cmi.
Grindstone It is seven miles lone and three nent physician, who agree* with the diag.
wide. Tlie inhabitants of this island are a hosts ot our physician. He prescribed a
well-informed class of people who devote course of treatment and we Allowed it faith
thelr energies to firming and quarrying for fully for three months, but instead of ita
a livelihood. In the home of one of these proving. Florence fulled,
islanders resides Plorcnce J. Sturdivant, the "A brother of my ttife.who^aiaeilinCana.
fonr-venr old daughter of Mr. au.l Mrs. da but was visiting us,adv-is,id us to use Dr.
William H. Sturdivant. She had a remark- Williams Pink Pills for Pale People, and I
•Ue experience recently. purchased a box of the pills and hemill
ii im I give them to Florence. Tills was ln October,
[ | 18M. After using the pills ft short time we
/ could see an improvement. Her strength be-
JSKafS' 'X, wlqSll .Hi II vim to return mid her appetite was restored.
i SMjl [iJ Whci she bad taken one l„>x the pains in
fi uF+WUkV \,tti her hncli and stomach ceased and her re-
I I m wWwiell'il I coverv seemed certain.
ill In iLlWili lill "We eagerly purchased a second box of
■Nil IK __ . — 7<THWlin»l pills and watched with delight the change for
\\\\\ Mt"73& SlAsHm*?! hotter thai was being wrooght daily.
: l»| Florence Bnnllv became strong enough to
•I IriaW&i k« WMlk » linl.-. She gained in flesh and
I iHS'Bffiv'Sl. ffl." Se.xKu.ivtlS! strength rapidly, llv the tnu* »he had used
•tifi F*K'Arr ■•] three boxet of the pills she *as evidently
4(WlfflkiB&*■ i /•i*L<V'*\ I il. We continued the treatment using
l another box, the fourth, to prevent the pos-
" Vvßhw. nihility of a r irreiice of she difficulty.
"We cannot praise too highly the value
l.jl JllllJl .1 '53'?* 2 !%5* K *r„'!T of Dr. Williams' Pink Pills. 1 urn positive
fLOBSmm J sttiiptv." NT thai without tlicir use oar child would have
In an interview with a reporter Mr. Stur- 4 * Stcrdivant
divant said: "Florence was taken sick In a , f'w I,*hi.
February, 1896, with scarlet lever and we im- Subscribed and sworn to before me this
mediatcfv called a physician. After two sixth day of April. 1897.
weeks tlie fever subsided but Florence was H. W. MeiRSK. Notary PuhUn.
left with a very weak back. Severe pains Pr. Williams' Pink I'flls for Pale Peopla
were constantly in the back and stomach, are sold by all dealers, eirwillbesent postpaid
The. difficulty seemed to bufllu the efforts of on receipt of price, f>o cent*.a box, or six boxes
the physician. 'for $2.50 (they are never sold in bulk or by
" Finally at the end of four mon'hs of. the 100) by adilresslng Dr. Williams' Medioina
treatment, we found our prtient completely | Co., Schenectady, N. Y.
OLDEST AND LARGEST HANie IN SOUTHERN CALIFORNIA
FARMERS AND MERCHANTS' BANK OF LOS ANGELES, CA.L.
Capital paid up $500,000.00
Surplus and reserve $025,000.00
IW. HELLMAN, President; H. W. HELLMAN Vice-Pres.; H. J. _FLEISH"
MAN, Cashier; G. HEILMAN. Assistant Cashier Directors-H W. PERRY,, O. W.
CHILDS I F FRANCIS, C. E. THOM, I. W. HELLMAN, JR., H. W. HELLMAN.
A fJT.AHStOL I N VAN* NUYS. I. W. HELLMAN. _.
Spaclal Collection Department. Correspondence invited. Our SafetyDeposit.De
partment offers to the public Bates for rent in Its new lire and Burglar-Proof Vault,
which is the strongest, best guardedand_beat
THE NATIONAL BANK OF CALIF ORNIA
At Los Angeles.
Capital and Pro fits, $270,000.00
OFFICERS DIRECTORS
B r HTTBPFTL .. .President S. C. HUBBELL, T. E. NEWLIN, O. H
O. H CHURCHILL, First Vice President CHURCHILL J.M C. MARBLE, O.jt
n T Ti'iHNSON Second Vice-President JOHNSON, JOS. D. RADFORD, W. S. D 8
A HADLFY '* VlCe Vaghler VAN, CHAS. MONROE, N. W. STOWELL,
JOS D RADFORD.'.Ass 1 stant Cashier H. M. LUTZ. FRED O JOHNSON. JOHM
R. I. ROGERS Assistant Cashier E. MARBLE, A. HADLEY.
ToS ANGELES NATIONAL BANK
United States Depository
CAPITAL JD00.000.00 SURPLUS .^OOO.OO
Tola] 8050.000.00
C.FO II BONEBRAKB President WARREN GILLELEN.... Vice-President
F C HOWES Cashier E. W. COE Assistant Cashlef
DIRECTORS
Geo. H. Bonebrake. Warren Glllelen. P. M. Greon, E. P. Johnson, Wm. M- Va»
Dyke W. C. Brown, L. C. McKeeby, F. O. Howes. ■
This bank has no deposits of either tho county or city treasurer, and therefore ns
preferred creditors. . ,
SECURITY SAVINGS BANK
Corner Main and Second Streets
OFFICERS DIRECTORS
H. W. Hellman, J. F. Sartorl, W. L. OI yes,
J F SATcTORI President H. J. Fleishman, C. A. Bhaw. F. O. J a
MAURICE 8 HELLMAN.VIce-President son. J. H. Shankland, J. A. Graves, U
W. D. LONG YEAR Cashier Fleming, M. B. Hellman, W. D. Lon EM
Interest jiulei on tt-rm and oriit mi ry deposit*
Money lonned on flrst-elnsa real estate
CIRST NATIONAL BANK OF LOS A NGELES
Stock $100,000 Surplus and undivided profits over 8250,008
V M FILIOTT PresldentW. G. KERCKHOFF Vice-President
FRANK A GIBSON ". CashterW. T. S. HAMMOND... Assistant Cashier
DIRECTORS —J. M. Elliott. J. D. Bicknell, F. Q. Story, H. Jevne, J. D. Hooker,
W. C. Patterson, Wm. G. Kerekhoff.
No public funds or other preferred depo sits received at this bank.
MAIN STREET SAVINGS BANK
Capital paid up $100,000
Junction of Main. Spring and Temple streets, (Temple Block), Los Angeles.
OFFICERS AND DIRECTORS—T. L. Ducjuo, President; I. N. Van Nuys. Vloe-
President: B. V. Duque, Cashier; H, W. H ellman, Kaspare Kohn. H. W. O'Melveny,
J B Lankershim, O. T. Johnson. Abe Haa s. W. G. Kerekhoff.
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 Market!
Direct Wires. Reference:
Quickest Service. National Bank of California.
Telenhone Main 912. Los Angeles National Bank.
MARGIN ACCOUNTS SOLICITED. CO MMISSIONS FAITHFULLY EXECUTED
Dally report mailed upon application. F- P BTTRCIT. 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, LW. Hellman, Jr., W.
i M. Caswell.
Interest paid on deposits. Money to Io an on first-class real estate.
GERMAN-AMERICAN SAVINGS BANK
Paid Up Capita! nnd Profits. $150,000.
COR MAIN AND FIRST STS. Victor Ponet. President; L. W. Bllnn and C. N.
Flint, Vice-Presidents; M. N. Avery, Cashier; P. F. Schumacher, Assistant Cashier.
Interest paid on deposits. Money loaneal on real estate. ,
I SOUTHERN CALIFORNIA SAVIN GS BANK
1 152 North Sprinpr St. Interest Paid on Deposits
• DIRECTORS—J. H. Braly, J. M. Elliott, H. Jevne, Frank A. Gibson, Simon Malar,
1 W. D. Woolwlne, W. C. Patterson. Safe Deposit Boxes for Rent.
I afil £. I r-«\r* Bookbinders and . . .
; UIaSS <A LOllg Blank Book Manufacturers
! 213-215 NEW HIGH ST. Los Anfjeitm - vn» m
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Alio open evenings and Run-lay 4 nooni
for the accommodation of those wao eannut
Come any other time
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