The herald. [microfilm reel], August 10, 1898, Page 11, Image 11

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

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

                
THE INVESTOR
Conducted by GEO. A. DOBINSON
WALL PAPER COMBINE
WILL RAISE PRICES FIFTY PER j
CENT IN DECEMBER
_
THE RANDSBURG GOLD FIELD
Dun & Co.'s Monthly Trade Review.
Rule for Taxing Bank Capital.
Insurance Notes
OFFICE OF THE HERALD,
Los Angeles, Aug. 9, 1898.
A combine of the wallpaper men that is
expected to raise prices 2") to 50 per cent
has been effected. Tho manufacturers
claim that they have been doing business
at v loss, or at least without profit. Every
wallpaper factory ln the United States of
nny pretension except, possibly, one in
Chicago, has entered the combine.
The Chicago concern does not stand very
high with the others, from all accounts.
They say It sells direct to tho consumer,
and besides makes Its prints from second
hand plates. It Is reported to be the inten
tion of the trust to make war on this local
factory, although the claim Is brought for
ward that the combination Is mado simply
to cause a rise in prices to such an extent
as will result ln soma profit to the manufac
turers.
"The plans of the company have not as
sumed definite form as yet," said a repre
sentative of one of tho large houses. "All
that is desired to accomplish Is the fixing
Of a price for wallpaper that will make tho
manufacturing of it profitable. For sev
eral years the manufacturers have not
made a cent out of their business, and!this
state of affairs has become monotonous.
"The increase will not be;so great as to
work any hardship on the consumer. What
It will be I do not know. This matter will
be attended to in New York, the headquar
ters of the concern. However, as wall
paper is made six months In advance of the
market and the season Is now over, there
will be no change tn Che price until about
next December, when the now article Is
placed on the market."
Profitable Gold Fields
The report from Randsburg which will
be found ln another column Indicates thai
It Is not necessary to go to the frozen north
and to incur the risks of that latitude In
order to acquire wealth. Tho enormous
returns already received! from the gold
fields nearer home may be yet immensely
Increased hy additional development. The
progress made is highly encouraging.
Tax on Bank Capital
Commissioner Scott has stated ln reply to
numerous Inquiries that "the amount of
capital invested in United States bonds Is
not to be deducted in reckoning the special
tax to be paid by a bank." This ruling sus
tains a former decision made by Collector
Troat of New York ln the ease of several
city banks that all the capital of a bank
ln excess of the $25,000 exempted by law,
no matter how Invested, must pay the spe
cial tax of $2 on each $1000 nf capital.
M Five Per Cent Bonds
According to a San Francisco authority
Hhe leading 5 per cent bonds in that market
Kleld about as follows:
■ Percent.
■California street cable bonds, s's slx
■ teen nnd one-half years to run, pres
■ ent price 112 bid yield 4
■Contra Costa Water Co.'s. bonds, s's,
■ sixteen and one-half years to run,
■ present price, bid 93, yield .•>%
■ North Pacific Coast Railroad bonds.
■ s's, thirteen and one-half years to
I run, present price bid, 100. yield 5
I San Francisco ft North Pacific Rall-
F way bonds, s's, twenty and one-half
years to run. present price 106% hid,
vleld •••• *%
Market St. Rv. Cons. s's, twenty-five
and one-half years to run. present
pric, 114 hid. less interest since March
{, equal 112.3 yield 4%
Dun's July Review
K. U. Dun ft Co.'s Monthly Review ot
Trade Conditions In Southern California re
ports as follows:
The prospect ot peace and the looked for
result of the opening up of new markets
stimulates! business throughout the cour
try. In July trade Is unusually light. It
awatts the outcome and movement ot crops,
but this year there has been no halt. The
past month records more business than any
previous July known. Crop outlook prom
ises prosperity for the year. The whea*
yield Is unusually large, the corn about
the same as last year. The cotton prosper
good. The Increased foreign demand for
nearly all forms ot Iron and steel has ma
terially assisted In Improving the situation
ln these metals.
There Is no pressure ln the money market,
nor Is there likely to he, and the balance In
foreign trade continues to set In favor ot
this country. In our Immedtatewdlstrict
there Is little new to report. It is quiet In
most branches of trade. Threshing and
hay baling Is progressing. The supply ol
fruits has been found to be not so light
atter all, and good prices have ruled. The
canneries are now paying $50 a ton for
peaches, with prospects of prices advanc
ing. Returns from the east show unsatis
factory orange markets, generally loss to
the shipper. Lemon market Is active, prices
w -er so good, but crop about exhausted.
The Chlno factory will start up about the
middle of August with a full crew. There
will eonslderable sugar produced in
spite of the dry year, in the dried fruit
market little Is now otTered. Apricots
claimed the attention; of. the month, an<»
the output about 175 carloads for Southern
California, Is practically disposed or. 1!
has netted for the grower $20 to $22 green.
Producers who have held now ask 8% and 10
cents per pound. The plan or (he Kalsln
Growers' association to pool the raisin pro
duct of the state has succeeded, and IK) per
cent of the output will be controlled. This
should solve the problem of successfully
marketing this product.
The season for walnut) picking Is ap
proaching. The output is. placed! at 4000
tons as against :47f><> or last year. No prices
yet reported as set by, thei association for
opening the new crop market. Reports from
the various cattle centers show that while
cattle have Buffered, the mortality has
been greatly exaggerated.
Failures tn Southern California for the
month ot July, twenty-two, liabilities $43,
--000, assets $21,00(1, against eleven ln July,
1897, liabilities $17,000 and assets $11,000.
Bank of British Columbia
The half yearly meeting of the Bank &"
British Columbia was held ln London on
July 14th, Sir Robert Gillespie presiding.
Though the chairman wns not able to pre
sent thei stockholders with a complete bal
ance sheet for the business for the half
year just ended, for want of full returns
from all the branches, he said: "The bal
ance of proritand loss account we now have
on hand, after making provision for all
ascertained losses, is £18,445 is 3d, or whlcb
sum the proposed dividend of 5 per cent
per annum will absorb 1:15,000. leaving a
balance to be earned rorward ot £3445 is
Bd. This result bears favorable compar
ison with the three previous half years,
both as regards the total amount of pront
ftnd the sum carried rorward to next half
year's account atter deduction ot dividend
1 am hopeful this is an Indication of fu
j ture greater successes." At the conclusion
of his address It was moved and carried
i that a dividend or 6 per cent per annum
for the half year ending June 30th, rree of
I Income tax, be paid 00 July 18th. TM»
dividend of $76,000 tins since been pahl
Treasurer's Receipt No Good
i A Washington dispatch says that in an
swer' to inquiries received from nation*'
I oauks as to whetner, after allotment ot new
bonds to purchasers, the receipts ot tne
treasurer of the United States ror deposits
mado on account, thereot would be consid
ered as a proper fasls ror deposit as secur
ity ror circulating notes of national bonks.
Charles (4. Dawes, controller or Ihe cur
rency, has ruled thut such ullotment re
ceipts wtll not be received as a basis ror
circulation.
Mr. Dawes stutes thnt the law relative
to the Issue 01 circulating notes Is definite,
and strict In its dcecrlpt.on or the security
which shall he used as a basis ror circula
tion. Under the provtslona ot the law it
would not be legal to issue circulation even
upon unre-g.atered bonds ot the United
States, as seotlon 5108 or the Hevlsert Stat
ute* ot the United States provides:
"l'he term 'United States bonds' as ÜBed
throughout thla ohapter to the.
Issue or circulation) shall be considered as
meaning registered bonds or the* United
Stales."
The Delaware Withdraws
The Delaware Insurance company of
Philadelphia has reinsured Its New York
city business in Ihe Liverpool and London
and Globe and retired for the present trom
the Metropolitan district heoaustj of the
demoralization caused by the dissolution ot
the Tariff association. The Delaware has
refused to derend Its business at the rates
prevailing since the general break, and con
sequently lost much through Cancellations.
Tho reinsurance of the remainder was
finally arranged too hy President Tattnall
Paulding.
Tho significance or this retirement and its
probable effect upon the local sltuutlon haß
been gen-rally commented upon, pays the
New York Times, as indicating) the likeli
hood of other companies following the ex
ample or the Delaware and the Traders'
of Chicago, a large part of whose business
also went to the Liverpool and London and
Globe.
The Delaware was organized April 10,
1835, and possesses a Paid-up capital stock
of $702,875. According to the .New York State
Insurance Report. Its net surplus on Decem
ber 31. 1897, was $146,408,06, and Its New York
premium Income for 1897 $88,666.
Transfers, 81000 and Over
_ _ (Dally Statement.)
C. P. Bralnard et al. to Cora A. Gould
—Part bl. 92, Ro. Prov ft Scott trt..s 1,000
A. L. \\ hltney et al. to A. B. Whltnev
et al.—Und. 1-3 Int. ln lot 3, range 12.
Alhambra Add. trt 1 500
C. F. Dlllman et al. to Alberta J. Denis
— Part lots 1 and 2, bl. 2. Orchard trt 3,750
\\ . H. Rhodes et al. to same—All their
und. % of part lots 1 and 2, bl. 2. Or
chard trt , 1,250
Twenty-four transfer.-, under $1.00(1,
of which six were nominal 5,659
Total $13,139
Mortgages, 81000 and Over
(Dally Statement.)
Alberta J. Denis. George Denis to
Mrs. Amy Lowman—Part lots 1 and
2. bl. 2. Orchard trt.; 2 yrs. 9 per
cent { 1.250
Seven mortgages under $1.000 2.701
Total ...„._...,..... $3,951
Releases, 81000 and Over
(Dally Statement.)
G. D. Compton et als. to J. C. West
et al., 371-28 % 1700
J. M. Elliott to E. S. Hubbard, 399
--308; 443-50 1,500
Nine releases under $1,000 4,407
Tolal $7,607
ON CHANGE
Conditions as Shown by Transactions
on Wall Street
NEW YORK, Aug. 9.-The belief was
.general today that Spain's reply to the
t.'nited States proposals was of such a
character that it might endanger the whole
negotiation for peace by Its failure to re
turn straightforward answers to the ques
tions at issue. This belief was effective In
depressing securities ull over the world.
This effect was especially marked in as
much as values have recently Improved
sharply on the prospect that peace would
soon be declared. Holders of stocks were
therefore Inclined to take profit In view of
the less favorable outlook. This was true
of Spanish bonds which fell both ln Paris
and London. II hupllv could be said, how
ever, of United Stnt?s bonds which never
theless showed some depression, American
railroad securities declined in London and
in Europe and there was selling in New
York for foreign account Offerings bad
on the decline were very large but tliore
was evident also a remarkable power of
absorption which held prices with few ex
ceptions almost perfectly steady through
some of the mosl active periods of the iron
ing. Recent leaders suffered quite severely
and In this list are included specially Bur
lington, St. Paul, Rock Island. Brooklyn
Transit, sugar and the rubber stocks. Yes
terday's profit taking followed by today's
selling caused renewed fears among trad
ers (hat the barge dealers w*re selling out.
The benrs were active but nervous ail day
and their covering Induced the numerous
rallies. Prices at one time rallied to near
last night's close and In a few cases above,
but the bulk of the trading was at a lower
level.
Dealings In bonds were on a considerably
reduced scale and prices were more firmly
held than In the stock market. Tot,. 1 sales
$3,550,000.
Closing Stocks
NEW YORK, Aug. 9,-The following
are Ihe closing prices on the New Yorit
stock exchunge today:
Atchison 13% do 2d pfd.. 80%
do pfd.... 34TS 8t Paul 10915
Baltimore & O. 16 do pfd 152%
Canada Pacific. 82% St P & Omaha... 84Vf,
Canada South. 54 do pfd 153
C Pac ex 16V St P M & M 161%
Ches & 0hi0... 24(4 Southern Pacific. 31%
Chi & A1t0n...159% So Railway 8%
(.' B & Q 112% do pfd 32%
Chi A E 111 58 Texas & Pacific. 12%
C C C & St L.. 44V4 V P pfd 63%
do pfd.... B«tt U P DAG 5
Del ft Hud«on.l«B Wabash 7%
D L ft W 160 do pfd 20 ,
Den & Rio G 12 Wheel &L E 1%
do pfif.... 50% do pfd 12%
Erie (new) 13% Adams Bx 103
do Ist pfd.. 36 American Ex 133
1 Fort Wayne —171% United States Ex. 40
Ut Nor pfd, ex Wells Fargo 119
dlv ex rlghts.l3l Am Cotton 0i1... 27**
Hocking Val... 5 do pfd 81%
Illinois Cen....108% Am Spirits 13%
Lake Eft W.. 14vi do pfd 37%
do pfd.... 73% Am Tobacco 123%
Lake Shore... .194 do pfd 130
Louis ft Nash.. 65% People's Gas 102V4
Manhattan L..10C% Con Gas 19814
Met St Ry 138% Com Cable C 0....170
Mich Central...loß% Col F & Iron 22%
Minn &S L— 2*V« dd pfd 17,
do Ist pfd.. 88% Gen Electric 39%
Mo Pacific 37% Illinois Steel Gl
Mobile & Ohio. 28 La Clede 0a5.... 53%
M X & T 11% Lead 37
do pfd.... SfV% do pfd nil
"hi ft L 10 Nat Linseed Oil.. 7%
do pfd.... 33 Pacific Mall 32
N J Central.... 92% Pullman Palace..l9o
N T Central....llß% Silver Cert 58%
NYCft St L.. 13 Standard R& T. 5%
do Ist pfd.. 60 Sugar 1374
do 2d pfd... 36 do pfd lI4U,
Nor West 14% T Cft Iron 26%
N Amcr C 0.... 6% U S Leather h%
North Pacific.. 30% do pfd 71%
do pfd.... 73% U S Rubber 39%
Ontario ft W.. 15% do pfd 98%
Ore R & Nay.. 53 Western Union.. 93%
Ore Short Line. 29 Chicago ft NW..13;.
Pittsburg 170 do pfd 75U
Reading 18% Chicago ft G W.. 16%
Rock 151and....101% St L ft fi W 5%
St Lft S F 7% Rending Ist pfd.. 42%
do Ist pfd.. 65 Brooklyn RT.... 60%
—
Bond List
NEW YORK, Aug. 9.—The following
are the closing prices of bonds on tho New
York stock exchange today:
O 8 new 4s reg.127% N J C 5s 112%
do coup 117% N Carolina 65... .125
LOS ANGELES' HERALD i WEDNESDAY MORNING, AUGUST 10, 1898
US 4s 111% dn 4s 101
do c0up....111% N Pacific 15t5....112%
do Idi 97 do 3s 65%
U S 5s reg 112 do 4s fWil
do sseoup.ll2 N V C & St L....10J
District Se 65...116% Nor ft W 6s 121
Ala Class A —108 ,N W C0n5015....141
do li 100 do deb 35....117%
do C 90 O Nay lsts 112
do Currency 90 do 4s 99%
Atchison 45.... 95% o S Line 6s t r...127
do ndl 45.... 72% do 5s t r 106%
Can So2ds UOU Pacific 6s of 95...102%
Can Par lsts.. - Reading 4s S3V4
Chicago Term. SSH R Q \V lsts 91
C & Ohio 55....U4% S I, & I M con.',.-. 99%
CH & D4%5...10t% St 1' Con 119
P & R G lsts...lira st 1' Con 145%
D ARO 4s MS st P & C P lsts. .ITS
East Term 15ta.106% do 5s 116
Erie Gen 45.... 74% So Railway 55.... 98
F W ft I> lsts (r 74 s C non-fund...—
Gen Bite 5t....10714 sn&Ttn. 70.
G II & S A 115...101 Term new set 35.. 92%
do MS....MS Tex P L G lsts.. 10,%
II AT C 65....110 do reg 2d5... 43%
do Con Os.lll Union Pac 4s 98%
lowa C lsts —103,* U P D & G I'sts.. 73%
X PContr.... _ Wabash Ist ss....Hit*
14 P lsl (1) I» tr - do 2ds 89%
L A new con 4s. 103 do 3s 91
I, & Uni 4s ;ii va Centuries.... 73
Missouri Os 102 W Shore 4s 109
MKft T 2ds.. iis U Ppfd 59"*
do 45.... 81* Va Centuries.... 72%
WYCenlsts.,.,HMj do dfd 5
London Markets
NEW YORK, Aug, P.-Th* Evening
Post's London financial cablegram says:
The stock markets here were quiet today
but inclined to t,p dull on th' reported delay
of the peace negotiations between the
United States and Spain and on sellingp'ro
vloui to the settlement which will com
mence tomorrow.
Americans were dull, N"W York having
turned seller of nearly all commercial
stocks, but on the other hand New York
buying of bonds was stronger than ever.
Americans closed weak in the street. Cana
dian Pacific has fallen on the dividend an
nouncements. Grand Trunk was dull In
sympathy and on expectation of poor traf
fic returns.
Spanish securities were flat for reasons
stated above.
Oil. CITY, Aug. 9.—Credit balances 96;
certificates opened and closed with offers to
sell cash nil at 95%. No sales.
Treasury Statement
WASHINGTON. Aug. 9.—Today's state
ment of the condition of the treasury shows:
Available cash balance, $260.069,111;'g01d re
servo, $190,255,698.
Silver Bullion
SAN FRANCISCO, Aug. 9.-Silver bars.
58%; Mexican dollars, 46046%: drafts, sight]
15; telegraph, 17%
Spanish Securities
MADHIAD. Aug. B.—Spanish fours closed
at 63.30; gold, 51.00.
SAN FRANCISCO MARKET
Call Board Dealings and Prices of
Produce
SAN FRANCISCO. Aug. 9.—Wheat, in
active; December. 1.23%,
Barley—Not quoted.
Corn—Large yellow, 1.07%©1.10,
Bran—l6.so@lß.oo per ton.
Flour—Family extras, 4.4004.60 per bbl.J
bakers' extras. 4.131/1.25.
Wheat—Shipping, 1.18%1|1.21% percental;
milling, 1.3001.40.
Barley—Feed, 1.17H01.2O; brewing, nom
inal. \
Oats—Poor to fair. 1.1T%®1,22%; good to
choice, 1.251/1.30: fancy feed. 1.32%; gray.
1.22%«1.25; milling, 1.22%@1,27%; surprise,
1.32%@1.36.
Millstuffs—Middlings, 15.001t20.00 per ton;
bran. 15.00®16.00.
Hay—Wheat. 14.00(7117.50; wheat and oat.
I4.001il7.00; alfalfa. 12.00® 18.00; barley, 18.00©
14.50.
Dry Beans—Pink, 2.30512.40 per cental;
small whilo. 2.00®2.15.
Vegetables—Onions, 75085e per cental;
green peas, 2.30rff3.00 per sack; tomUflVs,
ItjUtyO per lb.; rhubarb, 50@"5c; squash,
50c.
Fresh Fruits — Pears. Bartlett, 75c
1.00 per box; strawberries. 2.001(4.00 per
rhest; gooseberries. I©l%c: cherries, black.
40'(i50c; white and red, 15030 c; nutmegs,
cantaloupes, 2.50171.00 per crate.
Eggs—Store, let/ 13c per dozen; fancy
ranch. 22025,
Butter—Fancy creamery, 22025 c per 1_6.;
do. seconds, 21@23;c fancy dairy, 19%f/B)c;
do. seconds, 18019 c,
Poultry—Turkey gobblers, 131714 c per lb.;
old roosters, 4.001 M.50 dozen; young roost
ers, 5.001/ii.Ofl; small broilers, 2.001i2.0H; large
broilers. 3.00ii.'1.5ii; fryers, 3.501/4.00; hens
3.3Utp5.00; old ducks, 8.00*3.25; geese, 73-0
1.00 pair; old pigeons, 1.23; young pigeons,
1.50.
Citrus Fruits—Navel oranges. ; Mex
ican limes, repack, 5.50'nii.00; common Cali
fornia lemons, 1.5002.00; choice. 2.501/3.00.
CHICAGO MARKET
Prices and Prospects of the Trade ln
Cereals
CHICAGO, Aug. 9.—Wheat was for sale
during the Hist hour In larger quantities
than (he market would take without in
ducement of further concessions In price.
The required reduction was submitted to
and Beven-eighths was what X amounted
(o for the hour. The news that chiefly in
fluenced (he cellars at Ihe start was ,-i de
cline of from l%d 10 l%d at Liverpool and
a slight drop in tin- Paris quotations. Other-
Wise the early information was somewhat
bullish. The greatest selling pressure calm
from the northwest where speculators
were doubtless very bearish'y affected by
the magnificent prospi ct : for the spring
wheat crop. The demand for cash offerings
in the sample market was active Offer
ings were insignificant in comparison with
the demand and notwithstanding the de
cline in futures, the prices paid for the spo(
grain were fully as high as those realised
yesterday. That showing, together with
the strong competition among shippers Tor
(he limited amount procurable for Imme
diate shipment prevented future- from the
demoralization they were occasionally
threatened with by (he bearishnesß of (he
crowd. The close was a quarter cent lower
for September and one-eighth of a com for
December,
Large receipts, ideal weather for fhe
growing crop and the weakness tn wheat
had a bearish Influence in corn. Scalpers
ant, commission houses generally sold.
September lost one-quarter of a cen(.
Oats were weak anil lower in sympathy
with other grains. September declined
one-eighth of a cent. The early brenl<-tn
provisions was occasioned by general out
side liquidation and selling on stop loss or
ders by commission houses. Prices took a
sodden Fpurt near the close on heavy buy
ing hy packers. Pork nnd Ittrd declined
two and a half cents each and ribs rose two
and a half to five cents.
Available Grain
NEW YORK, Aug. 9.—Special cTible and
telegraphic dispatches to Bradstreet's cov
ering the principle points of accumulation
Indicate the following changes In available
supplies last Snturady as compared with
the preceding Saturday:
Wheat. United States and Canada, east
of the Rockies, decrease, 539,00'> bushels:
afloat for and In Europe, decrease, 2.400 00
bushels; world's supply, total decrease, 3,
--259,000 bushels.
Kansas City Live Stock
KANSAS CITY, Aug. 9.—Cattle—Re
ceipts, 6000; market steady to strong; na
tlvestaers, 4.2,V'i5.35: cows and heifers, 1.3017
3 00' stockern and feeders, 2.7511/5.00; bulls.
2.6008.76,
Sheep—Receipts, 4500; steady; lambs.
3.OO06.OO: muttons, 8,00®4,t8.
Dried Fruit Prices
NEW YORK, Aug. 9.—California dried
fruits dull; evaporated apples, common, 60
8; prime wire tray, 8%<&8%; choice, 8(1,09;
fancy. !)%.
Prunes, lijtlc.
Apricots Royal 8%®10; Moor Park, 10011
Peaches, unpeeled, 64iSc; peeled, 124(16.
Local Quotations
BUTTER—Extra local 32-ounce squares,
35c fancy creamery, northern, 32-ounce
squares, oOc; dairy, 32-oz., 42%®450; dairy,
28-oz. squares, 40c; fancy tub, per lb.,
22W23C.
EGGS—2OI72Ic per dozen.
CHEESE—Martin's New York Cheddars,
per lb.. 13c; eastern full cream, per lb.,
13c; California half cream, per lb., 10c;
coast full cream, per lb.. ll%c; California
Downey or Anchor, per lb., 13c: do. Young
American, per lb., 14c; do. 3-lb. hand, per
lb 16c: domestic Swiss, per lb., 20c.
POULTRY—Per dozen: Hens, 3.6005.00;
young roosters. t.OOi&tVOO; old roosters. 3.50
4 00' broilers. 2.00U2.50; fryers, 2.75@3.75;
ducka, 8.0008.50; turkeys, alive, per pound,
tOfillc; geese, apiece. 75e©1.00.
POTATOES—Burbanks, 90c@1.00.
VEGETABLES—Beets, per 100 lbs., 80c;
cabbage, per 100 lbs.. 60076 c; carrots, per 100
lbs., 85c; chiles, dry, string, 1.1001.25: Mex
oan, per lb.. 50c; green, per lb., 6®7c; gar
lic, s@6c; onions, 70075 c; do. green, perdos.,
doz., 20c; green peas, B©4e; turnips, 83c;
parsnips, 750850! cucumbers, 710800 box.
GREEN FRUlTS—Bananas, bunch, 11.60 <
2.25; strawberries, com., 666 c; fancy, 9© ,
12c; blackberries, 4©oc; loquats, 4©6 c;
rles, white, 45©60; do. black, 461J60; apricots, 1
per box, 60c; raspberries, per box, 81210 c;
©7c; gooseberries, per lb., B®4c: currants, .
box, 60@65c; Logan berries, per dox, 4@6c; 1
4<"nOc; figs, per box, DOSJ6Oc; peaches, per '
box, 70#76c. t
RAISINS —Fancy clusters, 20-lb. boxes,
2.00; 4-crown L.L. clusters, 1.76; 3-crown 1
L.L., per box, 1.35; 2-crown. loose, ln sacks,
per lb., 4c; 3-crown, loose ln sacks, per lb., .
i>yi r a6¥ic; 4-crown. per lb., s>4@6c;
peas, 2.75(33.00; black-eyed beans, 3.00; gar- 1
per shell, 12©13 c; hard shell, 7®Bc: pecans, l
7c; roasted, B©BHc: California, raw, 4@sc; ,
12.6OSS1I.O0; loose, 12.00. 1
LARD—Rex pure leaf, tierces, 8c; spe- I
clal kettle rendered lard, B%c. ,
CITRUS FRUITS—Fancy navels. 2.251} .
2.10 per box; fancy seedlings, 1.75@2.00.
Cured fancy, tSOtJlOO; choice, 1.25; green |
lemons, 1.00; grape fruit, per box. 3.001i1.00.
DRESSED MEATS—AII per lb.: Beef, '
No. 1, 6%c; No. 2, Cl4c; hind quarters. No. 1, I
9c; hind quarters. No. 2, 7c; rtbs of beef,
10c; veal, 71<7%c; mutton, fi4c; lamb, 6c;
pork tolns, S%c; legs of pork. B'4c; pork '
spare ribs, 6c: pork tenderloins, lac.
LIVESTOCK-Per lb.: Beeves, 3©4% c; ,
hogs, 4%c; lambs, per head, 1.601.12.00: sheep,
per cwt„ 1.604J8.60: calves, per lb., 3c. 1
CURED MEATS—Rex hams. 10y 4 c; pic
nic hams, 5V,c; No. 2. B%c; select mild curf,
11c; fancy breakfast bacon, UVtc; dri?d
beef, 14% c: smoked tongues, 50c; dry salt
clear bellies, 16-20 ay., Slfcc; dry salt clears,
35-40 ay., 7 r <tio; salt clear backs, 7%c.
TALLOW—Per lb., 2M.fißM,c. ,
WOOL—Nominal.
HONEY AND BEESWAX—Honey In
wax, 201125 c per pound.
BEANS AND DRIED PEAS—Pink, 3.2317)
3.50; Lima, 3.251(3.50; Lady Washington,2.4o
'((2.50; small white. 2.501/2.60; green field
pels. 2.76&3.00; black-eyed beans, 3.00; gar
vancos, 4.00&4.50; lentils. Imported, 7.00©
8.00; lentils, California, 3.50r04.00.
DRIED FRUITS—Apples, sun dried,
sacks, per lb., 5%4f<0; evaporaled fancy,
i>i(Bc; apricots, fancy, 8c; choice, 6©Sc;
peaches, fancy, unpeeled, s@7e; pears, fan
cy evaporated, 81fl0c; plums, pitted, choice,
91jl0o; prunes, choice, boxed, 6(0/9::; sacked,
liiOc; dates, VfaliSc; silver prunes, choice,
sack, 7ViUBc; boxes, 9®loc; figs, California
white, per lb., 61>>7c; California black, per
lb., 51fi%c; California fancy, per lb., 71s©
10c: imported Smyrna, 12V41(15c.
NUTS—Walnuts, Los Angeles, 4@50; pa
per shells, 121113 c; hard shell, 7@8o; pecans,
6©l2c; lliberts, 12®12%c; Brazils, ll©12c;
pfnons, 10©llc; peanuts, eastern, raw, 6%1j
7c; roasted, California, raw, 4©sc;
roasted, 6Vi©7c.
MILLSTUFFS—FIour, local mills, 5.20
per bhl.; Slockton brands, 5.23: Oregon, 6.00;
eastern, ti.U02j6.73; 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; graham, per 100 lbs..
2.70.
HAY—Wheat, Per ton. 18.00(522.00; bnrley,
17.001(18.00; oat, 17.00H 20.00; alfalfa, baled,
12.50613.00: loose, 12.00.
GRAlN—Wheat, No. 1, 1.05; No. 2, 1.60;
corn, small yellow. 1.23; large yellow, 1.05;
barley, common. 1.35.
HIDES—Dry (as they run), 14c; do. kip,
IV.be; do. calf. 15c; bulls, 7c; salt steers,
iViOSHe; do. stags and bulls, 3V4©4c; cows,
6Vi©7c; sheepskins, 5116 c.
WEATHER AND CROPS
Conditions Prevailing Throughout
Southern California
IX3S ANOI3I.ES. Chi.. Aug. B.—Clear,
warm weather continued In Hie interior
districts, though the temeprature ranged
considerably lower than the previous week.
In the coast sections the days were moder
ately warm and the nights comparatively
cold and cloudy with considerable fog.
Fruit ripened fast, except where fogs oc
curred, which retarded ripening hut which
lienellted vegetation generally by prevent
ing rapid evaporation of the surface moist
ure. The scant supply ol' water is appre
ciable in some citrus orchards which are
showing the result of insufficient Irrigation;
the inck or water Is causing considerable
damage to the truck gardens and small
fruit farms In the vicinity of Ms Angeles.
Peach drying nnd canning are in operation.
The crop varies; some sections report a
small crop of small-sized fruit, while others
state that the crop Is large and of tine qual
ity, particularly where water was plentiful.
Qrapea are ripening, the fruit doing well ln
some places, In others a smaller crop than
expected will be gathered, due to the dry
weather.
San Luis Obispo County
San Luis Obispo City—The apple and
peach crops will be large; grapes are look
ing well; beans need water.
Ventura County
West Sntlcoy—The weather was quite
warm, though tempered by fogs,
were benencial to trees and vegetation gen
erally, fruit drying Is almost ended In this
section.
Los Angeles County
Los Angeles City—Clear, moderately
warm days and cloudy or foggy nights pre
vailed last week; the precipitation from
dew or fog was quite heavy and beneficial;
Irrigating water Is scant, truck gardens and
small fruits are showing the effect" of In
sufficient irrigation.
La Canada—Cool weather with fogs dur
ing the early morning greatly benefited
fruit by causing rapid growth and retard
ing too fast ripening; the grape crop will be
smaller than expected on account of the dry
weather.
Verdugo—Poster peaches are ripe, but
they are generally smaller than the aver
age; later varieties promise to ripen sooner
than the usual time and they will also be
small; a few citrus, orchards are beginning
m show the result of Insufficient Irrigating;
the water supply remains unchanged.
Fairmont—The past week was cooler than
the previous week; llgs are ripe; grapes
are beginning to ripen.
Vernon Seasonable weather prevailed;
lack "f water is doing much damage; fr»,it
is ripening last.
Arlesia—The past week was slightly cool
er with high fogs every morning; grapes
are small; alfalfa and pasture ore short.
Riverside County
Klslnore—The prune crop is showing up
finely; all of the dried apricots In thin valley
were shipped last week.
Moreno—Th9 prune crop is larger than
expected; many orchards ore well fruited
and where Irrigated, the fruit is of unusual
size,
San Diego County
San Dlogo City—The weather during The
past week was normal in every respect, Ex
cept being deficient in rainfall to the. ex
tent of one hundredth of an Inch daily; fruit
continues to hold its own; the supply and
demand being nicely adjusted; lemons are
being shipped tn large quantities.
San Marco?—Threshing is about finished
in this vicinity.
Ramona— The Poway ranchers claim that
grapes are at a standstill In growth, and
Ihe bunches are only partly filled.
Otay—Over four hundred acres of Otay
mesa land has been plowed for grain and
ranchers are confident nf a large crop the
coming season.
Escondldo—The weather has been excel
lent for fruit drying; peaches are being
dried and canned; tomatoes are being sent
tn ihe cannery; hny baling and threshing
are almost ended.
Santee—El Cajon—The past week was
pleasant with very little hot Weather; It
was a tine week for fruit drying; early
peaches are mostly dried: late Crawford
and Muir peaches are ripening fast; prunes
are ripening fast, the crop Is a good one;
everything considered, the fruit crop Is ex
cellent this season; a fair supply or water
Is being furnished by pumping from the
Snn Diego river.
GEORGE E. FRANKLIN,
Local Forecast Official Weather Bureau.
HIS IMPRESSION OF CERVERA
A Cartoonist Who Thinks He Looks
Like a Prosperous Scotchman
ANNAPOLIS.— Today, when I landed
here, Annapolis wns ln a flame of glory.
Flame Is Ihe right word for It, for It was
90 In the shade at » oelork ln the morning.
The little streets were clattering and rat
illng with the noise of wagons, whose
wheels needi'd sonklng, and loose-shoed
horses. One of the first strange things
thnt struck me was the absolute proof that
vehicles last longer than men. When
George Washington resigned his commis
sion as comrminder-ln-chlef of the Amer
ican forces ln the court house at this place,
some colonial hacks and cobs were built
to transport the popular warrior to and fro,
anel the same coaches ore in dally use to
day, never hovlnlg had a coat of paint and
not more than once a drop of grease on their
wheels since. The pavements are worn to
rtt these old hacks, and they Jingle along as
smoothly as a reaper over a summer fallow.
But with all this about Annapolis, It has
one great feature, namely, the railroad
leading out of town. After gasping around
tha cool corners of the swelled hotel la the
city, it proprietors shouted to me: "Here
comes Cervera!"—the very man whom I
had come to see.
I landed in the street and at once recog
nized his excellency, Admiral Cervera, the
only man in Spain Americans would care
to see. Cervera is fully six feet tall and is
stout.
A white beard covers scantily the lower
portion of his face, and he wears a benevo
lent smile. He stands erect, with his neck
bunched out oevr his collar at the back.
He curried a cune, wore a Bmall derby hat
and a blue serge suit, of which the (sack
coat fitted lightly. He hud on a mild striped
lay-down collar, with a black bow. Hs
looked like a big prosperous Scotchman,
and one could scarcely believe thut he
comes from the same country that Weyler
halls from. The gruvo admiral's 1 face is
one suggesting more goodness thnn most
any face you will see. He has very large
ears, and his eyes, with their soft, truthful
expression, would lead you lo believe that
there Is really little of the ok! Spanish
blood ln bis veins. But with all that good
and steady smile there Is an expression ot
bravery. In a glance you can easily see
that he didn't lose any sleep the night be
fore he made his bold dash for liberty from
the harbor a( Santlugo. and It Is too bad
(hat such a man Is wasted In company with
Spanish gunners.
The reul Spanish officers that are with
him, with one or two exceptions, are small
looking men, with scrawny, Frenchy
beards. They are very particular about
their dress, and look weak and tired, as It
from lugging the Jewelry they carry on
their dainty hands. Some of the stones in
the rings they wear resemble bicycle lamps,
but these same little, wiry Spunish ofTlcer>
you can see at a glance have been well
raised and tire men of education and stand
ing ln their own country. While Cervera
and other ofllcers wore on the street 1
was fortunate enough to be near two farm
ers and a darkey boy, who spoke trt loud
tones thus to his neighbor:
"Col. Gnnnln, we ain't done got clolhes
good enough to be Spanish prisoners."—
Homer Davenport In the New York Even
ing .lonrnet.
TOLD BY THE OLD CIRCUS MAN
A Little Trick f the Clown's That
Pleased the People
"Some of the feats and tricks of one sort
and another performed In shows that look
so wonderful," said the old circus man, "are
really us simple as rolling off a log, If you
only know how they are done. We used to
have a clown at one time who was also a
very good acrobat, and he was humorous in
his antics a? well as In his speech, and
everybody liked him. He always wore a
black mustache with the ends neatly waxed
and corkscrewed, and one of the funniest
things he did depended for Its success on
these waxed ends of his mustache.
"After an unusually Intricate piece of
foolery that culled for a good deal of exer
tion, he would pause, panting, ln the ring,
and turn to the ringmuster.
" 'Well, I'd give a dollar and a quarter,'
he would say to the ringmaster, 'for a bot
tle of soda water.'
" 'Why, you shall have a bottle for noth
ing,' the ringmaster says, and he sends a
groom for a bottle of soda water, who
comes back In a minute with a bottle and a
glass on a tray.
" 'But Where's the corkscrew?' the clown
asks, picking up tho bottle and holding It
up clear of the tray and looking all around
for It. 'There's no corkscrew.'
" 'What's the matter with your mustache
for a corkscrew?" says the ringmaster, the
whole audience looking on perfectly still.
And before you could think the clown would
swing the bottle up with the cork against
the point of one end of his mustuche—he'd
practiced so that he never missed It —and
drive it on to the point, and then in almost
tho same motion—there was never any halt
in the action from the beginning to f>ho
end of the whole thing—he'd begin turning
the bottle on to his mustache until the
pelnt was burled In the cork, and then he'd
give the bottle a yank and pull It free and
carry it to his lips and drink, leaving the
cork Impaled on the end of his mustache.
He'd drink half of the soda water, toss the
bottio at the ringmaster, have the cork off
his mustache in a Jiffy. and toss that at the
groom standing there waiting for the tray,
and then turn a cartwheel while the whole
audience doubled up with laughter. Why.
It used to tickle 'em half to death.
"And it was all done ln the simplest, eas
iest way in the world. The two waxed ends
were really two corkscrew tips projecting
out beyond his mustache and Joining under
It In a good stout holder firmly held hetween
tha teeth."—New York Sun.
Ancient Chinese Coinage
Chinese coinage in the shape of a knife
has been traced back as far as 2210 B. C.
LINES OF TRAVEL
H— LOS ANGELES -{f
: TERMINAL £
H RAILWAY CO- F
TIME CARD IN EFFECT JULY 28.
From Lob Angeles to Depart Arrive
(llendala, t $?:55em 40:10 tm
Tropica nnd J $11:30 em 5i2:33 pm
Vcrdngo Park \ (5:43 pm fS:SS pm
I '19:05 urn ||io:2oiim
Pasadena. < (7:15 am (8 :25 am
liarvanza and I (12:45 pm U :52 pm
Ostrich farm I (5:20 pm (5:33 pm
Pasadena, Altadena and ) (B:soam tio:23am
Mount Loire ) (3:45 pm (5:31 pm
{6:lsam 57:43 am
San Pedro. (8:85 am (8:47 am
Lone Beach, 1110:85 am (ii:l3am
Alamltosaod ft :66 pm t5:12 pm
Terminal Island $1:50 pm $7:38 pm
. (5:40 pm l|8:10 pm
< (B:Bsam Ul :15 pm
Catalina Island X Jl :53 pm U :12 pm
( {4:30 pm ||10:30 pm
tDalty, (Except Sunday.
||«und»y only. {Saturday only.
Bojrle Heights. Downey avenue and Daly
street oar lines pass Tormlnai stations.
City ticket omoo, 230 South .Spring street.
Pacific Coast Steamship Co.
t- The company's elegant
steamers SANTA ROSA
and POMONA leave RE
i DONDO at 11 a. m. and
KMafwl PORT LOS ANGELES at
J ASaMvi 2:30 p. m. for San Fran-
Cisco via Santa Barbara
und Port Harford Aug. 3,
7, 11. 15, 19, 23, 27, 31, Sept.
4, 8, 12, 16, 20, 24, 28, Oct. I, and •very
fourth day thereafter. Leave PORT LOS
ANGELES at 6 a. m. and REDONDO at
10 a. m. for San Diego Aug. 1, o, 9, 13, 17, 21,
25 29 Sept. 2, 8, 10, 14, 18. 22. 26, 30, Oct, 4,
and (very fourth day thereafter. Cars
connect via Redondo leave Santa l c depot
at 9:55 a. m., or from Redondo Ry. depot at
9:30 a. m. Cars connect via Port Los An
geles leave 8. P. R. R. depot at 1:35 p. m.
for steamers north bound.
The steamers COOS BAY and HOMER
leave SAN PEDRO and EAST SAN PE
DRO for San Francisco via Ventura, Car
plnterla, Santa Barbara, Gavlota, Port
Harford, Cayucos, San Simeon, Monterey
and Santa Cruz at 6:30 p. m. Aug. 4, 8, 12,
111 20 24, 28, 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- " (Arcade depot) at 6:03 p. m.
and Terminal Hy. depot at 6:40 p. m.
For further Information obtain folder. The
company reserves right to change, without
Krevlous notice, steamers, sailing dates and
ours of sailing. W. PARRIS Agt..
124 W. Second St., Los Angels*
GOOD ALL, PERKINS ft CO., _
Ota. Agu..a V.
p[2 If you would have your advertising jS 6?
announcements and arguments ssj 5
§ burned S
j memory v
§r§ of thousands of bright, intelligent, p6?
money-spending people, buy space £ 5
$0? in the advertising pages of p**i
1| The Los Angeles Herald 11
§H Those who make lists of the mis- v £
spelled words scattered through JS?
jSKL the advertising must learn the . 2J§
p|s advertisements by heart. They
can't help it. If you don't believe
this, try to find the misspelled gg
SIS words yourself, and note the result. |S
M A Prize Every Week ||
OLDEST AND LARGEST HAN X IN SOUTHERN CALIFORNIA
pASMERS AND MERCHANTS' EA KE OF LOS ANGELES. CAL.
Capital paid up $500,000.00
Surpluß and reserve $925,000.00
I. W. HELLMAN. President; H. W. HELLMAN. Vlce-Pres.: H. J. FLEISH
MAN, Cashier; Q. HEILMAN, Assistant Csshier. Dlrectors-H. W. PERRY, O. W.
CHILDS. J. F FRANCIS. C. E. THOM. I. W. HELLMAN. JR., H. W. HELLMAN,
A. GLASSEL, I. N. VAN NUYS, 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 ORNIA
At Log Angeles.
Capital and Pro fits, $270,000.00
OFFICERS DIRECTORS
S. C. HUBBELL President S. C. HUBBELL, T. E. NEWLIN, O. Bj,
O. H. CHURCHILL, First Vice President CHURCHILL, J. M. C. MARBLE. O. X
O. T JOHNSON....Second Vice-President JOHNSON. JOS. D. RADFORD. W. S. Dg
A. HADLEY Cashier VAN, CHAS. MONROE, N. W. STOWELU
JOS. D. RADFORD Assistant Cashier H. M. LUTZ. FRED O. JOHNSON, JOHHj
R. I. ROGERS Assistant Cashier E. HADLEY. J
|_ofl ANGELES NATIONAL BANK <J
United States Depository t|
CAPITAL 1500.000.00 SURPLUS J50,000.«0
Total $650,000.00
GEO H. BONE BRAKE President WARREN GILLELEN.... Vice-President
F. C. HOWES Cashier E. W. COB Assistant Cgshlet
DIRECTORS
Geo. H. Bonebrake. Warren Glllelen, P. M. Green. E. P. Johnson, Wm. M. Vast
Dyke, W. C. Brown. L. C. McKeeby, F. 0. Howes.
This bank has no deposits of either the county or city treasurer, and therefore ns
preferred creditors. '
Security savings bank
Corner Main and Second Streets
OFFICERS DIRECTORS
H. W. Hellman, J. F. Sartori, W. I* Graves,
J F. BARTORI President H. J. Fleishman, C. A. Shaw, F. O. John-
MAURICE S. HELLMAN.VIce-President son, J. H. Shankland, J. A Graves. M U
W. D. LONG YEAR Cashier Fleming, M. 6. Hellman. W. D. Longyeae,
Intereitt jmld on term nnd ordinary- dci»o*lts
IXoner loaned on Orst-clnas real estate
CIRST NATIONAL BANK OF LOS A NGELES
Capital Stock $490,000 Surplus and undivided profits over 1250,001
J M ELLIOTT PresldentW. G. KERCKHOFF Vice-President
FRANK A. GIBSON CashierW. T. S. HAMMOND Assistant CaahleS
DIRECTORS—J. M. Elliott, J. D. Blcknell, F. Q. Story, H. Jevne, J. D. Hooker,
W. C. Patterson. Wm. G. Kerckhoff.
No public funds or other preferred depo sits received at this bank.
MAIN STREET SAVINGS BANK
Capital paid up $100,000
Junction of Main. Spring and Temple a treets, (Temple Block), Los Angeles,
OFFICERS AND DIRECTORS—T. L. Duque, President; I. N. Van Nuya,. Vies-
President; B. V. Duque, Cashier; H. W. Hellman, Kaspare Kohn, H W. O'Melveny,
J. B. Lankershlm, O. T. Johnson, Abe Haa s, W. G. Kerckhoff.
Money loaned on real estate. Interest p aid on term and ordinary deposits.
eOTJTHERN CALIFORNIA GRAIN AND STOCK COMPANY
2121-2SouthßprlngStreet New York and Chicago Market*
Direct Wires. Reference:
Quickest Service National Bank ot California.
Telephone Main 943. Los Angeles National Bank.
MARGIN ACCOUNTS SOLICITED. COMMISSIONS FAITHFULLY EXECUTED
Dally report mailed upon application. F. P. BURCH, Cashier.
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.
QERM AN-AMERICAN SAVINGS BANK
Paid Up Capital and 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 loaned on real estate. .
SOUTHERN CALIFORNIA SAVINGS BANK
152 North Spring St, Interest Paid on Deposits
DIRECTORS—J. H. Braly, J. M. Elliott, H. Jevne, Frank A. Gibson, Simon Malar,
W. D. Woolwlne, W. C. Patterson. Safe Deposit Boxes for Rent.
r*t~~~ C. I Bookbinders and . • .
UIaSS OC LOllg Blank Book Manufacturers
213-215 NEW HKjH ST. Los Angel** Cw>'*<±
LOS ANGELES AND REDONDO RAlL
way Company.
Los Angeles depot: Cor. Grand aye. and
Jefferson st.
Leave Leave
Los Angeles Redondo for
for Redondo. Los Angeles
8:00 a. m., Bun. only 7:00 a. m., Sun. only
8:80 a. m. dally 8:00 a. m., dally
10:46 a. m.. Sun. only 8:30 a. m.. Sun. only
1:30 p. m. dally 11::00 a. m., dally
6:30 p. m. dally 4:16 p. m., dally
7.00 p. m.. Sun. only 6:46 p. m., Sun. only
11:80 p. m.. Sat only 6:80 p. m.. Sat. only
Take Grand aye. electric cars or Mala
st. and Agricultural park; cars.
L. J. PERRY. Superintendent.
A New Book, »48 Paces, invaluable to
nvlida By the POO & WIN'", iiehu CO.
818 South Olive Street, Los *»«'*• t CIL
Dr. Foo Yen.
Diagnosis and examination free.
MleWPress - Clipping Bureau
jyi West Second Street
■ ■ " J Los Angeles, Cal.
Furnish advance reports on all contract
work, such as sewers, reservoirs. Irrigation
and pumping plants and public buildings.
Personal clippings from all papers ln As
i United States.
& Do You
yV Swim?
mfa Does Your
Tj Boy Swim?
~W^WJ* ness to furnish
— i Crjifo, lit ,„ V'>ur boy with
— a cleanly
place in which
< to learn to swim
We Keep a Man to Teach Them
Natatorium Open Vffl&**£°** t
Boys, 10 tickets ..$1.50
Ladies and Gentlemen, 10 tickets $200
243 South Broadway
Adjoining City Hall. {. W. GILBERT, Pro*
NEW YORK SPECIALISTS
We ire pre-eminent In Diseases of
Men Only
230 X S. Main St., Lo* Angela
Baker Iron Works
860 to MO Buena Viit» •tr*S*.
LOS ANGKLEB, ~ " C ALIFOMUU A
Adjoining a P. OtvuAOA TtrlgV
11