The herald. [microfilm reel], August 07, 1898, Page 23, Image 23

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

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

                
THE INVESTOR
Conducted by
THE SUGAR BOUNTY
THE HISTORY OF THE WORLD'S i
SUGAR PRODUCTION
SOME STARTLING FIGURES.
The Financial Outlook—Exempting
Manufactories From Taxes.
Thsurance Notes
OFFICE OF THE HERALD,
Los Angeles, Cal., Aug. 6, 'OS.
The use of cane sugar was practically
unknown In Europe ln the mlddb ages,
though It was ln use ln India and the far
cast .at a comparatively early period of
history. The lirst 100,000 pounds of sugar
was Imported into London in 1319 from Ven
ice, which was then the center of the trade,
and its price was ls. 9%d. a pound. Until
the eighteenth century it continued to be
apostle luxury, but the development of th,
uso of'tea and coffee at that period led to
an Increase in sugar production, and i's
consumption rapidly grew, though until iif
ty years ago it continued tn be a luxury
for the well-to-do; now It is n necessity for
all. The figures as quoted in Bradstreet'j
are somewhat startling;
The. consumption in Great Britain in the
following years was;
Tons. Tons.
170t| 10,000 1886 1,080,400
1800 150,000 1896 1,600,000
Of the consumption In 1886 cane supplied
510.U10 tons and beet 549,000 tons, while In
ISOfi the proportion was about 30 per cent,
cane nnd about 70 per cent. htet.
The world's production was as follows in
1889, according to the most trustworthy fig
ures obtainable;
Tons. Tons.
Cane 5ugar.2,432,000 licet 5ugar....2,808,
Total in ISS9 6,310,000
In 1895 cane sugar had Increased 658.000
tons, but beet sugar had Increased hy 2.092.
--000 tons, and the world's production In thai
year was:
Tons. Tons.
Cane sugar.3,loo,UOO Beet 5ugar....4,900,000
Total 8.000,0011
Til-- i Xlstence of common sugar in lie.-;
root was discovered by Andreas Maygraf,
of Berlin, In 1747. ami '.lie first beet sugar
factory was established in Silesia in 1801.
, . . But to return to the origin and prog
f.ress of the beet industry as It now exists.
It was in a manner forced upon continental
countries by three gnat commercial
Changes which have taken place during the
last thirty-live or forty years: (1) The vast
development of the production of wheat
and other cereals in America, India, Aus
tralia and South America; (21 the enormous
Increase of steam tonnage and consequent
lowering!Of freights; (.1) the opening of the
Suez canal In IKO7-6S, which brought the
great eastern supply of cereals as it wero to
the door of Europe. Till then Germany.
France, Austria, Belgium ami Russia were
great grain-exporting countries. Soon,
however, after the changes we have re
ferred to came into operation the position
was reversed. Europe became flooded with
eastern and transatlantic Importations,
and the farmers had to seek other source of
Income than the raising of cereal crops,
which hail been so profitable to them and
their forefathers.
In vain did the various governments try
to stiq) 'h'' tide of imports by Imposing a
heavy duty on foreign corn, for despite al'
their efforts th, export trade in corn has
vanished from Europe, while even th,
home markets are seriously invaded. Un
der these conditions the farmer.: dimin
ished their acreage under c.-reals and took
to sheep nnd cattle raising. First they
prew beet for cattle food, and tin n. finding
that beet pulp, after the greater part of th
sugar had been extracted, was excellent
d ialing stuff, the beet Bugar productloh ad
vanced with rapid strides, fostered as It
was by paternal governments fully alive to
Ihe necessity nf protecting their greatest
rational industry of agriculture. So beet
growing, with Its accompanying bounty
system, arose and has gone on steadily
spreading 1 und increasing until two-thirds
of the world's sugar production is from
bounty-fed beet.
The method by which the object of giv
ing bounties on exported sugar, both raw
and refined, Is attained differs in most coun
tries, as well in amount as in other ways,
but all give bounties except Russia. She
abandoned the bounty system in 1886, and
substituted the ingenious plan of limiting
the amount produced for home consump
tion, thereby so,enhancing the price ob
tained by the manufacturer as to enable
him to export any surplus he may have at
n cheap rate.
In France the bounty, till the end of IS9O,
took the form of a production premium at
tt francs per 100 kilos—£2 7s. 6d, per ton ; but
in 1807 a further bounty was givt n of £2 10s.
pet ton on all refined sugar exported. About
800,000 lons of sugar are produced in
France, (S which 520,000 are consumed al
home. On this home consumption an octroi
duty of £25 per ton is raised. He-sides this
there are 420 distilleries in the country using
molasses, nnd from them tin excise revenue
of about £10,000,000 is raised. So thai, after
deducting the heavy bounties on produc
tion and; export, France raises a revenue
from her sugar of considerably over £20,
--000,000 per annum.
Germany gives an export premium of
£1 ss. on raw and £2 10 s. on refined sugar,
but the output is limited to 1,500,000 tons.
Austria, which commenced the bounty
system before any other country in 1800,
gives £1 10s. pi r ton on raw and £2 15s. on I
re lined sugar exported, but as she allocates
only some £XOO.OOO for this purpose there Is
n limit to exportation. The internal tax
on sugar for home consumption is £12 per
ton.
The nature and conditions of the bounties
paid by Belgium are so intricate that it is
difficult to say precisely what they are, but
Ihey are not less than £3 per ton on re
fined sugar exported. The home tax on
consumption is £25 per ton. Holland gives
a bounty of 30s. per ton on raw and £2 10s.
per ton on retined sugar. The internal tax
is £0 per ton on consumption.
The United States gives n production pre
mium or manufacturing bounty of 1 cent
per pound. An Import duty nf '/■ cent per
pound Is levied on all foreign sugar, and
when sugar is Imported from a bounty
giving country an additional tax is put on
equal to the bounty given ln the country of
origin.
The Financial Outlook
With hardily an exception important
business men are sure that business bet
GEO. A. DOBINSON
term ent must soon show substantial re
suits. In Wall street nearly every operator
who has following and ls trust, d adVttca
conddi lice. Some leaders have recently
been Inactive, but few have been sellers nf
Stocks; even those who did part with hold
ings about the time when Germany seemi d
bent on meddling at Manila have bought,
or are buying, back.
It Is urged by some critics of the market,
says the New York Timer, that present
prices are already substantially higher on
an nvorago than were the top records made
In last summer's buoyancy, and lhat on
this account further purchases are danger
ous; but this view of the situation is not ac
cepted by men of chief Wall street impor
tance. Th.-y answer that conditions last
year were but preliminary lo conditions
which now are materially better. Wh.v
was then only promise Is now accom
plished. Increased dividends then deemed
possible hove, now in many instances lie
come actual. Other returns to Investors
not deemed then as even remotely probable
are now close at hand. The yenr post was
made up of twelve months ln every one of
which significant progress was made.
Kentucky Enterprise
A t'degram from Louisville says the gen
eral council has passed and the mayor has
signed an ordinance exempting new man
ufactories from city taxes for five years.
The main object of the measure was to at
tract capital and factories from points
where taxes are at present levied on In
dustries, and thus supply fields for the
worklngmen and advance the city's posi
tion as a commercial and manufacturing
center.
Insurance Notes
Tlie report of the examination of the
Travelers' Insurance company, recently
mad" by the insurance commissioners of
Wisconsin, Illinois. Missouri and Connec
ticut, has been Hied. The commissioners
value the assets of the life department at
119,007,478, and those ot the accident branch
at 14,669,090, which Ir. 1716,16s more than the
company's valuation on January Ist last.
The commissioners are said to have de
ducted 187,590 for assets not admitted. These
consist of alleged unsecured mortgage
loans ($40.(100). policy loans, (19590), and an
other item ($8000), The showing is regarded
is a victory for President Batterson in Ms
recent controversy with Webb McNall, the
insurance commissioner of Kansas.
Concerning the non-admitted assets.
President Batterson said: "If we have any
unsecured mortgages we do not know
where they are. it is news to us. We have
in some cases loaned on policies more than
the legal amount (not more than 76 per cent
of tlie reserve), but ill all such ens..: tin
policies have a paid-up value of more than
tie amount loaned. The holders could have
ibtalned the amount outright for the poli
cies without borrowing on Hum. so that
we do not think any such loans can really
be regarded as unsecured."
The Pacific Mutual Life Insurance com
pany claims to have more than twice tho
number of policy holders in the city of Los
Aug li s over any other life Insurance com
pany.
Commissioner Dearth of Minnesota has
asked for a receiver for the Farmers' and
Merchants' Fire Insurance company of
Blooming Prairie, formerly the Merchants'
Fire of Minneapolis.
The Mercantile Fire Insurance agency of
Cleveland has been incorporated withslo,ooo
capital, to do a general Insurance business
by C. S. Homer, W. M. Miller, G. D. Hlle
C. A. Gibbs nnd M r . L. Cook.
The mutual Investment policy Issued hy
the Pacific Mutual Life Insurance company
contains guarantees of paid-up additions
paid-up Insurance, cash values, provides
for loan privileges, contains the extension
feature, and, all things considered, is de
cidedly the best life Insurance policy of
fered tn the insuring public. Ask Edward
D. Silent ft Co., 212 West Second street, to
show you a specimen of this policy.—(Adv.
Incorporations
Aurora Gray,,! Mining company, San
Francisco; .{2,.n00; subscribed, $700
Dennison Contracting company, San.
Pranclscoi 82".«0O; subscribed $50
, lml ' , ,„. Va " t v , Creamery association
Chino; $10,000; all subscribed. '
Ni vada Niter, potash and Phosphate
company. San Francisco; $360,000; sub-
Bcrlbed, sii-ioa.
The Wells Candy company, Los Angeles:
»20,()00; subscribed. $w,i,00; directors? Lee
W. Wells, l, t on W. Wells, 1C J,. \ VI . I.
Mary C. Wells, L. Whltn.y Wells.
Transfers, $1000 and Over
~ ~ (Dally Statement.)
F. Barman et al. to lluldah A. Good
huo-Lot s Bancroft trt 53,000
M 1.. Marsh et u l. lo N , A . Beebe—
Part lot !i, Reglne trt 1 000
N. A. Beebe to M. F, Marsh—Part '
Sec. 18, 5 N U 1 oijo
UP, Hansen et ai. to W. Stanton— '
Part lots 30, 31 and 32, of sub. of lot
, Latte Vln - ''■ *W- ass'n. 55.H011
J. It. roberman ot al. to c. Raphael
—Lots 14 and 2'i. Wllhari trt 1,500
A. „. Stevens to t.i. A. Towne—Lot D,
Stevens suh. of See trt 2 500
Laurana and C. v. Cain lo M. Hers- "'
kovlts—Lots 19 to 24, I,lk 13, A/.usa 1,000
Nine transfers under $1000, of which
two were nominal 2.550
Total 109.550
Mortgages, $1000 nnd Over
(Dully Statement.)
Anna C. Hitchcock to exr. uf est. of
Emma E. C. Cristy, deed—Lot 13,
Hotel trt. lot 11, Dr. Converse trt, 1
yr, 10 per cent 11,800
B\ A. Collins et al. to J. R. Smith-
Lot 12, blk G, So. Bonnie Brae trt,
„« J™. 11 Per cent 3,000
Mary A. to German Amer.
Say. Bk—Part lots 3 and 4, Grovr
orchard trt, 2 yrs, 11 percent 1,000
J. O. Houser to Mrs. Josiah Alkir,—
Lot 2 and part 1. blk 1. Phillips trt,
Ro. La Puente. 1 yr. 10 per cent.... 1,000
Lucy B. and G, Jencks to Pomona
College—Part lots 10, 11 and 12. blk
12, Claremont, 1 yr, 10 per cent 1500
Reglna and Alberta veale to E. B
Pierce—Lot 1 of S. 11. Doollttle's sub.
of lot 31, 14. F. Ball's sub., 8 vis, 10
per cent 1000
G. A. Towne et al. to A. J. Stevens-
Lot D, Stevens sub of See trt; on or
before Dec. 15, '99, and 1900, 9 per
cent 1 270
Same to Mary E. Miller— Lot 1, Chow
ner uli., 1 yr, 10 per cent "7 "1 0(10
11. Heaney et al. to Equitable B. & '
1,. Ass'n of It. S.—Lots 30 and 21,
blk 10V4, E. L. A., 13 yrs, ln.s peri
cent 2 3,j0
Hattte 11. and W. C. Wild to l'nlon
Ilk of Say.—Lot 7. blk T. West L.
A., June 22. '99, 10 percent 1,000
Twelve mortgages under $1000 f,526
Total $19,590
Releases, $1000 and Over
(Daily Statement.)
Elizabeth Balbrldge to J. o. Houser
el al. 107-2 $3 000
Pasadena National Bk to L. P. Han
sen, 552-94 10,000
Six releasqji under $1000 3,145
Total SIU4S
ON 'CHANGE
aonditions as Shown by Transactions
on Wall Street
NEW YORK, Aug. o.—Tho tone of flic
stock market today continued very strong.
Stocks and bonds showed a steady advance!
The movement of large concentrated wealth
which took the Initiative during the w~eek I
continued, and the following tlitis invited 1
showed increase. The two hours' session
of the stock exchange was full of business
and the demand was eager. The preference
Is decidedly for the assured dividend paying
interests as yet. But It was Influenced by
the possibilities of dividend payers else
LOS ANGELES HERALD: SUNDAY MORNING, AUGUST 7, JB9B
where. Tlie Grangers continued the for
wanl advance, hut Burlington fell slightly
In the background to make way fur St.
Paul ami Kock Island. Ueannsi In these
stuiks were very large, blocks
frequently being teen. Considering fne.
Weeks rise in pr ,s, th lirinness at tne:
close was remarkable. Traders are prone
to close outstanding accounts and to .lake
profits In anticipation of a Sunday interval,
but no disposition was shown to sell out
today.
The heavy expansion in loans show* In
the bank statement is mostly die to the
awakened stork exchange activity. The
net Increase of $I,.v»i.'hki was largely from
interior receipts. Tic sub-treasury dally
report is still offset by payments un the
loan account.
united states fours, registered, have ad
vanced 1%, do. coupon and the new touts
registered have also advanced some.
Closing- Stocks
NEW YORK. Aug. fl.-The following
are tlie closing prices on tlie Mew jura
stock exchange tuaay:
Atchison 13* do lid pfd.. SO..
, do pfd.... 3514 st Paul .-i«;»„
Baltimore c* O. hi do pfd 152
Can ida Pacific, 83 St P&Omaha... 84%
Canada Bouth., 54% do pfd 1",3
C Pac ex 161* st P MVft M ,T.
Ches ft 0hi0... 2314 Southern Pacific. 20%
Chi * A1t0n...169% s,, Hallway tj'b
CII * y li;< do ptd 33>. s
Chi & X 111 615 Texas ft Pacific
<' C Cft St 1... 42% U 1- pfd e3}»
do pfd.... 84 U l' l>& Q
De ft Hudsow.lo7 Wabash 1%
l> L * W 160 do pfd 29
Den &RioG... 12% Wheel ft 1. E.... I->»
do pfd.... r,i (hi pfd 11%
Erie (new) .... i;t>_ Adams Ex 102
do Ist pfd..35% AmericanEx 135
Fort Wayne. ...172 United States Ex. I-'
Ot Nor pfd, ex Wells Fargo US
dlv . x rlghts.l3l% Am Cotton 0i1.., 2j?j
Hocking \ .11... 5 " jo pfd 02%
Illinois Cen ....he.:, Aln spirits 14%
Lake E At \Y.. 11 jo pfd 3!'
do pfd.... 71% Am Tobacco n
Lake 5h0re....195 do pfd Urn%
Loirs ft Nash.. 56% People's Has 10
Manhattan L..107% Con (Jas 198%
McC St Ry ir,, nosi Cable C 0....170
Mich Ceiurul...,loß% Col P & 1r0n.... 2-iVj
-Mln:: ,<4 Bl 1 28% do pfd 65
do Ist pfd.. so Gen Electric WW
Mo Pacific 87% Illinois Bteel .... 5S
-Mobil- ft Ohio. 26% La Ch de Gas St' i
M X .ft T 11% 1. ad 26%
do pfd..., 25% do pfd liT'i.,
Chi ft L !,i„ Nat Linseed Oil.. 6%
do pfd.... 30% pacific Mali 31';
g .1 Central..., 81% Pullman Palace.l9l
N v Central...ll9% Silver Cert .".s's
N V C & st 1... 1314 Standard It ft T. f.',
do Ist pfd.. Ob " Sugar (SO 1
do 2d pfd... 37 do pfd 11l
Nor Wi s t uu rj ,; ,14 Iron Jgu
.n Amer C 0.'... 6% v s Leather 7%
North Pacific.. 90% do pfd 68%
,do pfd.... 74 r s Rubber 1"',
Ontario ft \v.. 15% do pfd 99
Ore It & Nay*.. Wp«tern Union.. 91!
Ore Short Line 28 Chicago % NW..i
Pittsburg i,o on pid...
Reading 18 Chicago ft GW. 15%
Lot k Island 100% St L&SW
St I. ft S P..., Reading Ist ptd., 18%
do Ist pfd.. 60 Brooklyn X T.... 59! .
Bond. List
NEW YORK. Aug. It.—Tho following
are tbe closing prices of bonds on tho New
York stock exchange today:
U S new is reg.l37-2 N J Css 112'l
do c0up....121% N Carolina 6s 125
US Is lliu, .:o Is li) 3',(.
do c0up....i11.. N Pacific lsts 112%
do 2ds 07 do 3s 62%
v s -is reg ill' do 4s 100%
do 5s coup.ll2 N V C ft St 1 107
District 8s 66...116% Nor ft W 6s 122
Ala Class A....108 N W Consols.... 64%
do v luti do dob 51....117
do C US O Nay lsts 112
do Currency 90 do 4s 08'!' i
Atchison Is — 95*5 <> s Line 6s t r..126
do adj 45... 72% do 5s t r 100%
Can Solids Uo% Pacific Us of 95.. .102%
Can Pac lsts.. — Reading I- M%
Chicago Term, ss R (1 W fi?fj* »'i
C ft Ohio 55....114% S I. ft I Mconss.lKi%
CII ft It 4%5...*04% S Lft S F gen 1i5.119
D ft R G lsts..nun St P Con 145%
D ft R (i Is ... 96% st 1' ft C P 15t;..175
East Term lsts. 105% d,o 5s lid
Erie Gen 45.... 76% So Railway 65... 98
PW & D lsts tr 74 S C non-fund...—
(ien Blec r,s 105% Slt ft T6S 70
G H & S A 65...104 Term new set 35.. 92
do 2d5....10.-| T.-x P L C, 15t5..107
Hft T C 55....110 do reg 2,15... 43%
do Con 65.11 l Union Pac 4s 9SV4
lowa C 15t5....103% TJ P D ft G lsts.. 76Vs
X P Con t r— — Wabash Ist 55....111
KPlst(DD)tr— do 2ds SO
L A new con 45.103 do 3s 91
Lft Unl 4s 91 \'a Centuries.... 72%
Missouri 6a 100 \V Shore 4s 110
MKft T 2ds.. ill v Ppfd 69%
do 4s !104 Va Centuries.... 72' i.
N V Cen lsts..llo do dfd 5
Honey Market
NEW YORK, Aug. C.-The Now York
Financier this week says:
The statement of the Associated banks
of New York shows rather heavy changes
for the week ending August 6, loans hav
ing increased 812,738,100 and deposits $15,
--371,500. The gal- in cash for the week was
$1,831,300, and the surplus reserve has falTen
off about 12,000,000. The statement s. Ims to
reflect as much as anything else the prog
ress of the recent financial operation of the
Great Northern Railroad, which has in
creased its preferred stock by ?25,000,iT00
W". ,000 being |v exchange for the stock
nf one of the leased lines which had Been
profusely distributed as a stock dividend.
The Chase National, through Which this
operation has been operated, shows a gain
of over $6,000,000 in deposits, and Its cash
Holdings have also expanded ov-r '4,000,000,
The National City bank accounts for more
than a third of the total increase and has
lost about the s.-im" in Bpeeie. The deposit
gain set ms to be confined for the most part
to the larger banks, but in leans an Increase
runs weil through the list.
The remarkable activity in the bond mar
ket last wick has operated to produce
some change ln the current week. The
season for discounting is now close at hand
ami whin- It Is not anticipated that the
movement will be heavy, It is interesting
to note that tin.- surplus reserves of the
banks are now below th- point reported
last year at this time.
The decrease ln surplus reserves between
July and October. tsß7, was at least .'is.i Mi
,-000. In the last six or seven weeks the New
York banks have reduced their reserves
over $22.000.nf10 and have not h'.gun to snip
money to the west. The government holds
heavy deposits in this center, so that what
may lie called available and permanent
bank money is not as heavy as has beet:
estimated. Gold imports would cn¥t?k the
latter In any case.
London Markets
NEW TORK, Aug. 6.—The Evening
Post's London financial cablegram says:
The sleek market lv re was quiet and dull
today. Trading here is both on New York
account and on the part of English buyers,
the general disposition at the moment and
as prompted by the press being to operate
for a moderate rise ln Americans. Buyers
here are generally advised to take short
profits. Grand Trunks were good also.
Tlie rise ln securities continues, It is
mainly due to purchases of the buyers.
Treasury Statement
WASHINGTON, Aug. 6.—Today's state
ment of tlie condition of the treasury
shows: Available cash balance, 1289,911,000;
gold reserve, 8488.620,061. _
Silver Bullion
RAN FRANCISCO, Aug. o.—Silver bars,
58'.»e; Mexican dollars, 4646HC,
CHICAGO MARKET
Prices and Prospects of the Trade ln
Cerenls
CHICAGO, Aug. o.—Wheat started very
strong. September opening at from to
OS. against 67)4057% at last night's ciosp.
There was no appearance of any increase
In the movement of wheat, and Liverpool
sent higher quotations, Showery weather
in the northwest gave the bulls a fnrioer
opportunity, as th" trade under present
conditions was nervous about the possibili
ties of a wet harvest In that Section. 'ITh
demand for the limit< d offerings in the sam
ple market was most active, and at from
2 to 3 cents over the previous day's prices.
Orders for round iots for shipment were on
tin. market at a slight premium over the
carload price. Chicago received 111 cars,
against ilia a year ago. anil Minneapolis and
Duluth 6S. against 158 last year. Atlantic
pott clearances of wheat and Hour for fiie
last 24 hours amount, d to 320,000 bushels,
Sept ember left off %c higher and December
&®He hlghir.
Corn received assistance from the
strength ln Wheat and also from tlie Kan
sas ct op report for the month, showing a
drop in conditions of 21 points, compared
with thai of a month ago. The weather
was acting kindly lo the crop and It was
clear that such of i: as had not been ruined
past redemption must be rapidly improving.
After the lirst half hour the price gradually
worked off, closing Vie lower.
Oats were firm early, and remained so as
long as corn showed strength. There were
only a few buying orders from the country
;and all were tilled early. September lost
: lie.
A light run of hogs and the strength in
I grain started provisions Hrm. After the
i opening spurt, however, the market went
.practically to sleep until the noise with
which the grain markets closed woks It up
for two oi three minutes' further exercise.
The net result was that closlag prices today
und yesterday w .te subs-e.i,dally the same.
SAN FRANCISCO MARKET
Call Board Dealings and Prices ot
Produce
BAN FRANCISCO. Aug. B.—Flour—Net
cash prices for family extras, (.40*94.80 per
barrel; bakers' extras. 4.i504.35.
Wheat--Shipping. 1.181,01.1114 percental;
milling. 1.804/1.40.
Barley -Feed, 1.20®1.22H per cental; brew
ing nominal.
Oats—Poor to fair, Ll7Vtol.B2tt; good to
choice. 1.255*1.20; fancy feed. 1.J2V4; gray.
1.22H01.25; milling, 1.22H01.27M> surprise,
1.323401.35.
Wheat—lnactive and easier; 1.3t% per
cental.
Hurley—lnactive and easier; December,
1.17%.
Corn—Large yellow. 1.071401.10.
liran -16.50@16.00 per ton.
Mlllstuffs—Middlings, 18.00020.00 per ton;
bran. 15.00@15.00.
llav-Wheat. M.OMiKOO: wheat and oat,
14,00017.00; alfalfa, 12.00013.00: hurley, 14.00
r.i 10.i»).
Dry [leans—Pink. 2.8002.40 per cental;
small white. 2.0002.16.
Vegetables—Onione, 750850 per cental;
green pens. 2.6008.00 per sack; tontaffies,
iwlVic per lb.; rhubarb, 60076 c; squash,
r,ac.
Kresh Fruits — Penrs, Bartlett, 850
1.16; per box; strawberries, 2.00-u4.00 per
chest; gooseberries. l'plMic: cherries, back.
10030 c: white and red, *508Oo; nutmegs,
1,0002,00 i peaches, 7SC01.OO; apples, 75cfii.no;
cantaloupes, 2-.Wt4.00 per crate.
EJggs—Store, 100180 per dozen; fancy
ranch, 20024 c,
Butter—Fancy creamery, 20c p*r pound;
do. seconds. 20c; fancy dalrv, ISc; do.
seconds. 190200.
Poultry—Turkey gobblers. 13014 c per lb.;
old roosters, 4.00ft4.50 dozen; young roost
ers, I.OO0S.5O; small broilers, 2.0002.60; largo
broilers, 8,0003.1$! fryers. 8.6004.00! lens
8.6006.00; eld ducks. 8.0008.26; geese, 75c0
1.00 pair; old pigeons, 1.25; young pigeons,
1.50.
Citrus Fruits—Navel oranges, 1.50?) 1.73
Mexican limes, repack, 5 50'i/ii.OO', common
California lemons, 1.6002.00; choice, 1.500
2.511.
Dried Fruit Prices
NEW YORK, Aug. o.—California dried
friuts dull.
Evaporated Apples—Common, 6®Bc per
pound; prime wire tray, 8%08?»c; choice,
8%09c; fancy, 9^c.
Prunes—4/ >c.
Apricots—Royal, 8%@l0e; Moorpark. 10®
12c.
Peaches—Unpeeled, SWSc; peeled, 1201S
Exports and Imports
NEW YORK. Aug. 6.—Exports of stiver
from this port for tlie week ending today
aggregal -.1 $540.021.
Tic imports of dry goods and general
merchandise at New York for the week
raiding today were 88,216,376,
The Imports of specie this week were
$:;2'.i.279 in gold and 800,803 ln silver.
Kansas City Live Stock
KANSAS CITY, Mo., Aug. 6.—Cattle—
Receipts, 2no; market unchanged.
Sheep — R ipts, 200; market steady;
lambs, 1.1806.00; muttons, 2,7504.40.
Petroleum
OIL CITY. Pa.. Aug. o.—Credit balances,
90c; certificates, 1,000 barrels at 95Vic; sales
for the day, 2000 barrels cash at OS'jC.
Local Quotations
BUTTER—Extra local 32-ounce squares,
60062V>c; fancy creamery, northern, 32-oz.
squares, 46047V4; diary, 32-oz., 42" 2 «15; dairy
28-OK. squares, 40c; fancy tub, per lb.,
22028 c.
EGGS—2OO2Ic per dozen.
CHEESE—Martin's New York Cheddars,
per lb., 18c; eastern full cream, per lb.,
13c; California half cream, per lb., 10c;
coast full cream, per lb., llVic; California
Downey or Anchor, per lb., 13c; do. Young
American, per lb., 14e; do. 3-lb. hand, per
lb., loc; domestic Swiss, per lb., 20c
POULTRY—Per dozen: Hens, 3.5005.00;
young roosters, 4.00tu5.00; old roosters, 3.50
4.00; broilers, 2.0062.50; fryers, 2.7603.75;
ducks, 8.0003.50; turkeys, alive, per pound,
lOiillc; geese, apiece, 75C01.00.
POTATOES—liurbanks, 90C01.00.
VEGETABLES—Beets, per 100 lbs., 80c;
cabbage, per 100 lbs., 00075 c; carrots. perloO
lbs., 75c; chiles, dry. string, 1.0001.25; Mex
can, per lb., 60c; green, per lb.. 607 c; gar-
He, 606; onions. 75080 c; do. green, per doz.,
dor.., 20c; green peas, 3W4c; turnips, 85c;
parsnips 75'0.55e; cucumbers, 76080 c box.
OREEN FRUlTS—Bananaa, bunch, 11.50
2.25; strawberries, com., 506 c; fancy, 9£
12c; blackberries, 406o; loquuts, 4fr<le;
rics, white. 1.v.u10; do. black, 45000; apricots,
per box, 50c; raspberries, per box. 8010 c;
07c; gooseberries, per lb., B04c; currants,
box, 60065 c; Logan berries, per box. 40flci
4000; rigs, per box, 500 two; peaches, per
box. 700J76C.
RAISINS—Fancy clusters, 20-lb. boxes,
2,00; 4-crown L.L. clusters, 1.75; 3-crown
L.L., iter box, 1.35: 2-crown, ioosf, in sacks,
per lb., 4c; 3-crown, loose in sacks, per lb.,
",i./.t!r> 4 c; 4-crown. per lb.. 6V4060;
peas, 2.7603.00; black-eyed beans, 3.00; gar
per shell, 124/13 c; hard shell, 7iyßc; pecans,
7c; roasted, 80834 c; California, raw, 405 c;
12.60013.00; loose, 12.00.
LARD—Rex pure leaf, tierces, 8c; spe
cial kettle rendered lard, B'?4c.
CITRUS FRUITS—Fancy navels, 2.23'ji
2.10 per box; fancy seedlings, 1.7602.00.
Cured fancy, 1.5002.00: choice. 1.25; green
lemons, 1.00; grape fruit, per box, 3.0004.00.
DRESSED MEATS—AII per lb.: Beef,
No. 1, 641 c; No. 2. 6)4,01 hind quarters. No. 1,
:)c; hind quarters, No. 2, 7c: ribs of beef,
Hie: veal. 707)4o; mutton, VAc; lamb, Sc;
pork loins, B94o; legs of pork. B%c; pork
spare rili.-. tie; pork tenderloins. 15c.
LIVESTOCK—Per lb.: Beeves, SffilV&c;
hogs, 4V4c; iambs, per hi ad, 1.6002.00; sheep,
iter ewt , 2.5003.50; calves, per lb., 3c.
CURED MEATS—Rex hams, lO'/.c; pic
nic hams. SHo; No. 2, 8*40; select mild cure,
11-*; fancy breakfast bacon, 119»c; dried
beef, liv.c; smoked tongues. 50c; dry salt
clear bellies, 18-20 ay., SVjc; dry salt clears,
35-40 ay., l%c; salt clear backs, 7',4c.
TALLOW—Per lb., 2Viiiß3V4c.
WOOL- Nominal.
HONEY AND BEESWAX —Honey In
wax. 20025 c per pound.
BEANS AND DRIED PEAS—Pink. 3.25 ft)
8.60: Lima. 3.2603.50; Lady Washington, 2.10
©2.60; small white. 2.30<52.ti0; green Held
peas. 2.7603.00; black-eyed benne, 3.00; gar
vancos, 4.0004.60; lentils, Imported, 7.00ui
S.OO; lentils. Califomla, 3.6004.00.
DRIED FRUITS—Apples, sun dried,
sacks, per lb., 644060; evaporated fancy,
608 c: aiiricots, fancy, 8c; choice, orriSc;
peaches, fancy, unpeeled, 507 c; pears, fan
cy evaporated, 8010 c; plums, pitted, choice,
9010 c; prunes, choice, boxed, 609 c: sacked,
106 c; dates, 7V408c; sliver prunes, choice,
sack, 7V4oßct bor.es, 9010 c; figs, California
White, per lb.. 64/7 c; California black, per
lb., 505 MC; California fancy, per lb., 7)40
10c; imported Smyrna, 12V4015c,
. NUTS—Walnuts, Los Angeles, 405 c; pa
per shells. 12'«13c: hard shell, 7080; pecans,
9012 c; filberts. 12012V>c; Brazils, 11012oj
plnons, 10911 c: peanuts, eastern, raw, 6'2'it
7c; roasted. S'/vß>,t.f; California, raw, 405 c;
roasted. 6)4t07c.
MILLSTUFFS—FIour, local mills, 5.20
per bbl.; Stockton brands, 5.2."; Oregon, 5.00;
eastern, 6.0006.75; shorts, ton. local. 23.00;
rolled barley, per 100 lbs.. 140: cracked corn,
per 100 lbs., 1.05; feed meal, per 100 lbs., 1.10;
bran, per ton, 21.00; grahum, per 100 lbs.,
2.70.
HAY—Wheat, per ton, 15.00@22.00; barley,
17.00018.00; oat. 17.00020.00; alfalfa, baled,
12.50013.00; 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,
UHcj do. calf, 15c; bulls, 7c; salt steers,
4M.'us)4c; do. stags and bulls, 3)40lc; cows,
6)407ci sheepskins, 606b,
BORROWED FROM GAMBLERS
How a Game Between Police Reporters
Interested Big' Players
Tt was a lively game of poker. The bets
at the start were not large, because the
players did not have much money. The
scene was in the old reporter's room in the
city hall and the players were night police
reporters. One was named Peckham and
another Jekill.
It was Peckham'S deal. All dropped out
but Jekill. who drew two caiMs. Peckham
did not draw tiny. The betting was fast
and furious. Each player put up all the
money he had in his pockets. Then each
borrower] from his friends.
"I've got a good hand," said Peckham.
"So have I," replied Jekill. "I'd bet more
money if 1 had It."
"So would I." said Peckham. "Let's leave
the hands here and go out and borrow."
Ga mbllng houses were running ln Chicago
In those days. Peckham went to Hanklns'
and Jekill to John Condon's. Each toSS
what his hand was and each gained sup
No Pay
Till Cured
17 YEARS
Dr. Meyers ft Co. passed tbe exper
imental stage :nng years ago. They -
know Just what to do when a pa
tient begins treatment and have such
unlimited faith In their ability, their
time-tried remedies, appliances and
methods, that they do not ask for
i money until the patient is pertna*
i nently cured or restored, as the case
1 may be. Dr. Meyers ft Co. do not j
use minerals or other deadly and j
poisonous drugs.
Diseases and Weakness
of Men Only
Dr. Meyers ft Co., confine i
tlce to these ailments. During their |
j seventeen years of succt ssful expe
j rieneo they have become notably pro
flclent in this line and have cuJVd
many of the most complicated cases
: on record. They treat with marked
1 success contracted ailments of any i
nature, as well as nervous debility.
Qcnsultation Free '
It will cost you absolutely nothing
1 to have a friendly talk with one or
|i more members of the efficient staff
ot Dr. Meyers & Co. They will gladly ,
give you their opinion and advice in .
regard to your affliction without any 1
expense to you. It you live out of
tlie city and cannot see the doctors
In person write for free symptom
blanks ami private book for men.
218 South Broadway, r.os Angeles.
Take elevator. Private entrance,
room lis. Hours—9 to 12 dally; even
ings, 7 to H; Sundays, 9 to 11.
DR. MEYERS & CO.
Tin' only reliable an<l tho only
lrgnHy rogifiti-rn-l pli y -.I v i utin In
rioutlieru t'lillforiilutroatlns «'Very
fovm of wc-ikneaa and dir. ease of
men*
Do You
jyV Swim?
wra Does Your
TH Boy Swim?
" ' s our ' ,us '"
rJFN» ness '° ' urnis ' l
your hoy with
= *^Sr—Z 1 sa ' e ' L "' L ' :ln 'y
"' " L ~ m "Z&* place in which
x to learn to swim
We Keep a Man to Teach Them
Natatorium Open nlght
Boys, 10 tickets Si.so
Ladies and Gentlemen, 10 tickets ?2 00
343 South Broadway
Adjoining City Halt. £. W. GILBERT, Prop
A New Hook, £48 Pages. Invaluable to
lnvlids Ilv the POO & WINO HEliB CO
918 douth Olive Street, Los Angeles, C»L
Dr. T. Yen.'
Diagnosis and examination freo.
A PLUMBER IN NEED
IS A PLUMBER INDEED
Haverty
Ip the man you want to flgtire for you on
the Plumbing of your buildings, new or old
His headquarters are at
435 J S. Broadway
and you are invited to call hire up through
Telephone Red 804
PCkUhutcr'. Kn«u«h Dt.m.nd Brut.
EWHYRQYAL PILLS
Original and Only Grn nine. A
ft*'"' *' w » , « reliable, lao.ck tik aT\
ftgl BM Oru?jtttt for (Mtekuttr'i Ritiilitk />'(i jfflrVX
.n 1 Brand In Bed .nl Hold
—i?(B»|boi«l. With blue rtbboii, Juke VaT
T*| •a nu Othajh ftrruit ,i,;.,feu. V
if JwfitmtandimitaHont. At Dragffl.il. or Mud 4a.
I adg ln "tKbinl tor pertteillkre, tr.timoiiUli, end
\ "** km " ttaller far I.adtro,*' in Utter, by Mom
—*w _ MalL 10.000 Teetlmnntete. JTmm hmtt.
SfiJ & *" ir*' »'•«!«■. philada., Fa.
Sold bj r. w. sn*t:.\ a ro., n boie-.i,- DrmyykU, tittle*,
porters. A crowd went back to the city
hall, among them being some of the most
prominent gamblers In town. Bets were
made in larger amounts.
When the call came it was found that
Peckham had a straight flush in spades
with a king at the top and Jrkfll had a
straight flush in diamonds h'-aded by a
queen. The gamblers said they wore tlie
two most remarkable hands In one game
they had ever seen. Peckham, the winner,
gave the party a supper at which wluc
flowed freely.—Chicago Chronicle,
Powerful Preservative for Peace
Great Britain has In commission at the
present time tlfty-twn battleships, eighteen
armored cruisers, ninety-six protected
cruisers, making In all IS2 arguments
against the possibility of European inter
ference in our little trouble with Spain.—
New York World.
"Flying Dutchman"
This train leaves Los Angeles River Sta
tion on Sundays at 8:38 a. M.i Arcade-depot
at 8:50 n. m. Makes no stop after leaving
Arcade depot until Santa Monica ts reached
22 minutes Inter. Southern Pacific company
lead. Special service. See card in this
paper.
A Watch and a Cane
The prizes this week in The Herald's
"spelling match" are a handsomely en
graved hunting case sliver watch and a
gold-heuded cane. See announcement else
where in this paper.
Latest styles wall paper at A. A. Eck
strom's, 324 South Spring street.
If you would have your advertising %
announcements and arguments
I burned 1
%p into the »3
§ memory 2
of thousands of bright, intelligent, § g
money-spending people, buy space a
in the advertising pages of
H The Los Angeles Herald ||
Those who make lists of the mis- v W
§JS spelled words scattered through
jsg the advertising must learn the gg
pIS advertisements by heart. They .J&
can't help it. If you don't believe fj&
this, try to find the misspelled
5 S words yourself, and note the result. g
|| A Prize Every Week ||
OLDEST AND LARGEST HAN X IN SOUTHERN CALIFORNIA
pARMERR AND MERCHANTS' BANK OF LOS ANGELES, CAL.
Cnpital paid up $500,000.00
Surplus and reserve $025,000.00
1. W. HELLMAN. President; H. W. HELLMAN, Vlce-Pres.; H. J. FLEISH
MAN. Cashier; O. HEILMAN. Assistant Cashier. Directors—ll. W. PERRY, O. YV.
CHILDS. .1 F FRANCIS. C. E. THOM. I. W. HELLMAN, JR., H. W. HELLMAN,
! A. GLASSEL. I. N. VAN NUYS, I. W. HELLMAN.
Special Collection Department. Correspondence Invited. Our Safety Deposit De
; partment offers to the public safes for rent in Its new Fire and Burglar-Proof Vault,
which is the strongest, best guarded and best lighted ln this city.
THE NATIONAL BANK OF CALIF OKNIA
At Los Angeles.
Capital and Pro fits, $270,000.00
OFFICERS DIRECTORS
S. C. HUBBELL President S. C. HUBBELL, T. E. NEWLW, O. B
O. H. CHURCHILL, First Vice President CHURCHILL, J. M. C. MARBLE, O. T,
O. 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, JOHN
R. I. ROGERS Assistant Cashier E. MARBLE. A. HAD LET.
|_0S ANGELES NATIONAL BANK
United States Depository
CAPITAL 1500,000.00 SURPLUS $50,000.00
Total 1550,000.00
GEO. H. BONEBRAKE Pr?oident WARREN GILLELEN....Vice-President
F. C. HOWES Cashier E. W. COE Assistant Caehlef
DIRECTORS
Geo. H. Bonebrake, Wsrren Gillclen, P. M. Green, E. P. Johnson, Wm. M. Vast
Dyke. W. C. Brown, L. C. McKeeby, F. O. Howes.
This bank has no deposits of elthor the county or city treasurer, and therefore nS
preferred creditors. i
SECURITY SAVINGS BANK
Corner Main and Second Street*
OFFICERS DIRECTORS
H. W. Hellman. J. F. Sartorl, W. L. Graves,
J. F. SARTORI President H. J. Fleishman, C. A. Bhaw, F. O. John-
MAURICE S. HELLMAN.Vice-Presldent son. J. H. Shankland, J. A. Graves, M. L
W. D. LONGYEAR Cashier Fleming, M. S. Hellman, W. D. Longyear.
Interest paid on term nnd ordinary deito.ltn
Money loaned on flr.t-oln.. real estate
pISST NATIONAL BANK OF LOS A NGELES
Capital Stock JlOO.OOO Surplus and undivided profits over 1250,001
J. M. ELLIOTT President W. G. KERCKHOFF Vice-President
FRANK A. GIBSON CashlerW. 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 depo sits received at this bank.
MAIN STBEET SAVINGS BANK
Capital paid up $100,000
Junction of Main, Spring and Temple streets, (Temple Block), Los Angeles.
OFFICERS AND DIRECTORS—T. L. Duque. President; I. N. Van Nuys, Vice-
President; B. V. Duque, Cashier; H. W. Hellman, Kaspare Kohn, H. W. O'Melvenjr,
J. B. Lankershim, 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
2121-2 South Spring Street New York and Chicago Markets
Direct Wires. Reference:
Quickest Service. Nationnl Bank of California.
Telephone Main 942. Los Angeles National Bank.
MARGIN ACCOUNTS SOLICITED. COMMISSIONS FAITHFULLY EXECUTED
Dally report mailed upon application. F. P. BTTRCH, Cashier.
BROADWAY BANK AND TRUST C 0., Broadway and 3d st., Los Angeles.
AUTHORIZED CAPITAL $100,000
PAID UP CAPITAL 30.000
Officers—WAßßEN GILLELEN, President; GEO, H. BONEBRAKE, Vice-Pres
ident; F. L. FORRESTER. Assistant Cashier; W. C. DURGIN, Secretary.
Directors—Geo, H. Bonebrake, Geo. I. C ochran, M. 11. Flint, Chas. H. Howland,
,T. R. Haugh, Warren Gtllelen.
LOS 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.
PERM AN-AMERICAN SAVINGS BANK
Paid Up Capital and Profits, $150,000.
COR MAIN AND FIRST STS. Victor Ponet, President: L. W. Bllnn and C. W.
Flint Vice-Presidents; M. N. Avery, Cashier; 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. Braly, J. M. Elliott, H. Jevne, Frank A. Gibson, Simon Malef.
W. D. Woolwlne, W. C. Patterson. Safe Deposit Boxes for Rent
C. I mrtr* Bookbinders and . .
UiaSS C£ LOng Blank Book Manufacturers
213-215 NEW HIGH ST. Los Angrfe* OrmeM'il
WILLIAM H. ALLEN JR President
JAS H. SUaNKLAND Vice-President
M S HF.LLM an Vice-President
O.'f' BRANT , Manager
0, P. CLARK Secretary and treasurer
TITLE INSIRANCE AND TRUST
COMPANY
Capital Paid Up, $400,000.00
A Policy of Titl«» Insurance farnllhei tho best
evidence of title that can bo obtained.
Cor. Franklin and New High Sts.,
Tclephuno. Main B*B. LOS ANGELES, CAL
West Glendale —•
Winery and Vineyards
CHAS. 11. PlltONI, Proprietor
No. 840 N. Main St., linker block. Telephone
KW. p. O. box 15, Statiou U. High-grade Table
and Medicinal Wines. My specialty: Sacra
mental Wines. Puro drape Brandies ot my
own distillation.
ROL KINO J. W. BRIGGS
LIQUORS
BOHEIVIIA SALOON
AND CIGAR STORE
Tel. Red 1751 307 Smith Spring St
10S ANGELES, CAL
THE
HERALD
Excels.
Have you tried it?
Everybody says it's a pood paper.
Reasons are not far to seek.
all the news that is news.
Local and telegraph.
Does not misrepresent facts.
Lots of things you want to know about.
Every day brings many new subscribers.
Associated Press special wire.
Democratic in politics and fair to all.
Southern California's favorite.
Ziska Institute
171S Sacramento Street
Near Van Neil Aye.
Home and Day School for Girl
From Primary through Collegiate work. Bu<
perlor advantages ln Languages and Musis
Individual attention. Small classes. Special
students admitted.
MME. B. ZISKA, A. M., Principal
23