The herald. [microfilm reel], August 12, 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
RISE OF WAR BONDS
PERMANENT INVESTORS ARE
THE LARGEST HOLDERS
WOOD PULP MANUFACTURERS
The Damaging Eastern Insurance
Rate War—Lawyers' Technicali
ties on Titles
OFFICE OF THE HERALD,
LOS ANGELES, Aug. 11, 1898.
Considerable transactions are dally being
made in the new 3 per cent, war bonds,
says Bradstreet's, and the price has this
week touched a premium of 5% per cent.
The large demand for the bonds is general
ly attributed to banks and other corpora
tions which counted upon obtaining rea
sonably! large allotments and were disap
pointed by the fact that tho volume of
Small'subscriptions exceeded all anticipa
tion. According to the latest announce
ment by the treasury department, the
largest allotments will be to subscribers
for less than $4,300 each. It would indeed
seem, judging from the considerable offer
ings of bonds and allotments in the mar
ket., that a very considerable proportion
of the subscriptions were really made with
a view to realizing the premium which It
was generally supposed the new bonds
would command, nnd which, in fact, has
been somewhat greater than many expert
flnanciall authorities looked for. There Is
no doubt, however, that a very large pro
portion of the bonds have been taken by
permanent Investors, and not the least re
markable feature of the whole transaction
Is the fact that the resulting disturbance
of savings bank deposits has been so slight.
It Is also worthy of attention, that while
the plan of a popular subscription and the
successful absorption of the entire $200,
--. 000,000 Issue ln small amounts has involved
a presumptive loss to the government as
oompared with what might have been
realized for the bonds had they been sold
to the highest bidder, there Is a very tangi
ble advantage to the financial department
of fty government In the fact the method
adopted completely hushed the adverse
criticism which has Invariably been
aroused whenever the treasury has had
any dealings with syndicates or represent
atives of the so-called money power.
Wood Pulp Manufacture
At the late annual meeting of the Amer
ican paper and pulp association statistics
showing the phenomenal growth of the
pulp manufacturing business in the
past quarter of a century were pre
sented. The first large pulp mill
ln the country was erected in this vi
cinity, says tho Philadelphia Record, a lit
tle over thirty years ago; now there are
about 1,200 in the United States, turning
out more than a million und a half tons
of pulp and consuming two million cords
of wood per annum. Prior to the time of
the meeting referred to Professor Fernon
presented to congress nn estimate showing
that hardly more than from ten to twenty
years' supply of lumber and wood pulp
material Is to be found tn the northeastern
Btates, and that Canada could not contrib
ute much to lengthen the time when the
supply must be exhausted. This state
ment attracted the attention of the pulp
makers, and Professor Fernon was Invited
to address the association. He said:
Look at the manner in which our woods
have been and are even now being exrTlolt
ed. First comes the lumberman, who only
eees white pine; he makes his roads, builds
his shanties und mills. When be has cut
out the best and his roads are grown up
to wood and washed out. and his shanties
broken down, there comes along another
who only wants tulip, poplar, walnut, or
oak, or some other one kind: and he builds
new roads, new shanties, and so on,'each
one going to the expense of rigging up anew,
each one creating a waste left ln the woods,
which might have answered some purpose
other than his own. It Is only lately that
a division between the lumberman and pulp
man is made here and there, the pulpman
taking the inferior material and cutting
the logs to lumber. More such manage
ment at least Is needed.
Nearly all of the wood pulp made In this
country Is produced from coniferous wood,
chiefly spruce, and the northern states fur
nish the bulk of the supply. New York,
Pensylvanla and the New England Btates
are the main sources. A large export trade
In pulp at)d paper to Japan and other coun
tries has grown up within a few years,
and this was thought by some who took
part ln the discussion to Indicate a decline
In the foreign source of supply. Profes
sor Fernon showed that the conjecture
was not founded on fact. On this point he
said:
Whatever other factors may help you to
find a foreign market, there Is no hope to
increase your exports on the supposition
that the forest owners nf Germany will
spoil their well-established, profitable busi
ness of wood-growing. The only hope Is
ln managing the first end of your business
—that upon which the wholp existence of
our mills is based—better than hitherto, and
In utilising the forces of nature nnd the
greater fertility of your soil and climate
to outdo the German forester; ln other
words, by applying forestry.
, The production of wood pulp has been
more than doubled three times over in the
period from 1892 to 1897, and there Is no
reason to suppose that the limit of con
sumption has yet been approached. It is
considered that an average consumption
of two million cords of wood per annum for
making paper pulp during the next ten
years would be an exceedingly conserva
tive estimate.
Insurance Rate War
The fire Insurance war situation In New-
York Is reflected In the following extract
from the Evening Post, of that city, and is
noteworthy as showing a condition of af
fairs that Is likely to spread very quickly:
, "Local fire insurance rates are still de
moralized, and although the companies are
taking greater care In selecting their risks,
it is probably true that Indemnity was
never cheaper In this city than It Is today.
When ten-story Broadway buildings, filled
with merchandise, are insured at ten cents
for three years, nnd coal nnd wood yards,
which formerly brought $2.10, are taken for
seventy-five cents, there is little chance of
profit for the companies. An experienced
underwriter. In commenting upon the pres
ent situation, said: 'My policies are still
worth a little money, and I do not purpose
giving them away at present. For that
reason we are keeping out of the present
fight, preferring to let business go than
write It at such rates as now prevail. My
company has lost some of Its Broadway
business, because It considered a ten-cent
rate (for three yenrs) too low to cover the
hasard Involved. Some of the big compa
nies are still In the thick of the fight, and
until their principals are heard from or
disastrous fires occur, the struggle may
GEO. A. DOBINSON
Conducted
continue Indefinitely. Of course, the pres
ent fire record favors the underwriters,
and unless something unforeseen happens
(a $1,000,000 fire, for Instance), conditions
may not Improve for some time.'
"Several companies have already retired
from the metropolitan district of this city,
owing to the unsatisfactory condition of :
the business, and rumors of another with
drawal are current today. One or two cor/
servatlve out-of-town concerns refuse all
but special business, for which fair rates
can be obtained. Storage rates have
strengthened somewhat, but prominent
underwriters do not expect much Improve
ment In business until more of the under
writing capital Is withdrawn from the
field. A rate agreement Is still talked of,
but definite action has not been taken by
those In charge of the principal compa
nies."
Hair Splitting Technicalities
Upon the grievance so often insisted on
that the fine technicalities of the law are
often used to defeat the ambitions of real
estate investors, the San Francisco Real
Estate Circular waxes eloquent, and Us
statement of facts can be so closely par
alelled by local experience that It Is worth
while to reproduce tho argument, which Is
as follows:
Just beforo the Beldeman sale of 1867—
which put titles west of Larkln on a par
with those east of that thoroughfare—a
hair-splitting lawyer prevented one of his
clients from buying some properties west
of Larkln. The purchase would have made
the client very rich. Hut the lawyer told
him that, despite the act of congress and
the Van Ness ordinance, there were no
titles out there, and that squatting and law
suits would be perpetual in the Western
Addition. Hundreds of rases can be point
ed to ln this city of hair splitters—they are
never lawyers in the highest sense of the
terms—breaking up sales for the most ab
surd and frivolous reasons. But for such
lawyers there never would have been any
need for the establishment of title insurance
companies. The business of passing titles
has within a few years so largely gone to
these companies that the technioalists have
since had to live on very thin pecuniary
pickings.
Several times ln the history of real estate
here business has been brought almost to
a stop, from exasperatlngly absurd ob
jections to title. It used to be said of
some lawyers here that they passed or re
jected titles according to tho state of their
liver.
The Gold' Yield of 1898
According to the mint bureau at Wash
ington, the world's product of gold In 1897
was $240,000,000 and the product of 1898 is
estimated at $276,000,000, an Increase of $35,
--0011,000. Africa leads ns a gold producer,
and Is expected to turn out $75,01)0,000 this
year. Australia and the United States are
close competitors as gold producers, each
being expected to turn out about $60,000,000
this year. The Klondike is not proving
of the Importance anticipated. The most
careful estimates are for a product of $10.
--000,000 In 1898, which Is smaller than either
California or Colorado; Californla'sl pro
duct this year being estimated at $17,000,000
and Colorado's at $23,000,000. Ten years ago
the world's gold product was $110,000,000.
Since then it has mora than doubled, and
now amounts, as Just said, to about $273.
--000,000.
The national bank circulation based on
bonds has decreased $1,385,407 during July.
The treasury receipts during July were
$13,847,108 and tho expenditure.-! $74,263,475.
Of the disbursements $34,774,153 were mado
on account of the army and $7,514,280 on ac
count of the navy.
The Lady and the War Tax
"Yes, madam, before I honor the check
you must stamp It."
"Stamp It? What with?"
"Why, with a 2-eent stamp, of course."
"What Is that for?"
"War tax, madam. Here is the stamp.
Two cents, please."
"But I don't understand. I won't be
done, so there!"
"I assure you. I am not trying to do you,
and this is my busy day."
"I won't buy any stamps of you just for
spite. The postofflce—-"
"Postage stamps won't do. You must
have an 'I. R. stamp."
"Just because you say so? Not much! 1
know your tricks. You buy these stamps
by the job lot and make your poor custom
ers suffer lor your benefit. You can't
bunco me, even If you are rich."
"There Is no desire to bunco anybody,
madam. You must affix the stamp and
cancel It, or you can't! have the money.
That's alt."
"But it's my money. Why can't I have my
money without being compelled to pay you
to give it to me? Why, you have had my
balance of $4.63 here for nearly two weeks.
You have certainly let that out several
times to some poor wretches at a hundred
per cent a week "
"This is no pawn shop, madam—"
"And now you want to work me for 2
cents more. Well, you can't do It, so there!"
"Stamp your check or get no money."
"Won't, eh? I'm send my lawyer hero
with a power of attorney. I want you to
know that I know something about tho
law "
"He won't get tt either without the stamp,
madam."
"Won't he, though 1 You don't know him.
Anyway, my brother Is a second lieutenant
ln the 'Bteenth regiment, and I'll get my
money back even If ho has to call out the
whole regiment, so there!"
"You can have It all now If you affix the
'I. R.* stamp "
"What does 'I. R. mean? 'Isabella Re
gent, queen of Spain,' eh? What do you
take me for? A Spaniard?"
"By no means, madam. It means "Inter
nal Revenue.' Hurry, please."
"Oh, you can't rattle me. My great an
cestor was not a monkey, but a mule. When
I get the check back cam t use the stamp
again ?"
"No, madam. You would be liable to In
dictment If you did. This Is my busy day.
Don't you see the llne> waiting for you*
Please hurry up. Here! I win take2cents
out of my own pocket and pay ror the
stamp myself, Just to get rid Of this un
pleasantness. There! Now cancel it,
please."
"Ah, I thought you would back down.
Tried to bunco me and It didn't work, eh?
Look out, now! No punched nickels in
that money Just to get even. That's right.
Thanks. Good morning! That's what I
call shrewd bargaining. If I can only keep
up these clever tactics to the end I'll be
richer than Hetty Green.—San Francisco
Examiner.
Incorporations
Highland Orange Growers' association
Highland; $7500; subscribed. $4300. I,BIKm '
Keystone Development company, formed
to do a general mlnlngnnd milling business
San Francisco: $100,000; subscribed. $25
Dewey Gold Mining company. San Fran
cisco; $100,000; subscribed, $500.
Transfsrs, $1000 and Over
(Dally Statement.)
H. N. Fnrey et al. to J. S. Snvder—
Lots 2, 3 and part 4, H. N. Fnrey's
sub. of part blk 7. Ollvewood $1500
Mary F. Parker to Carrie D. Volltner '
—Part lots 11. 12 and 13, blk 135
Bellevue Terrace trt i am
Mrs. H. A. nnd W. M. Kellv to J. W
Trostle—Part Sec. 3C, 1 N. Iff... ' G 000
H. C. Smith to W. F. Pardee-Part
Sec. 36, 1 N. 10 eooo
Mrs. Genrglanna V. Fisher to S. A.
Thompson et al.—Lot 76, Waverly
tract »300
J. A. Keeney to E. W. Heaton-Lot 14
blk 1. C. M. Wells trt ' 2 000
J. G. Smith et al. to A. J. Stamm—
Lot 16. blk A, Cameron trt 2 100
W. O. Baylle et al. to F. J. Meyer-
Lot 26. blk 172, Redondo , .... i ,irio
F. J. Meyer to W. O. Ba; lie- Part
lots 18 and 19,Schelffelln tn ::.l. A, iwl
LOS ANGELES' HERALD: FRIDAY MORNING, AUGUST J2, 1898
J. T. O'Toole et al. to T. W. Doyle,
trustee—Part Ro. San Rafael 2,800
J. and Mrs. Ellautoeth T. Farmlee to
Mrs. Eliza E. Parmlee—Part Sec.
21, 2 S. 13 6,500
G. D. Campbell et al. to B. F. Field
and C. E. Smith—Lot 9, blk 8. High
land trt add. No. 1 1,000
F. R. Miner to Mary F. Miner—Beg.
at SE. cor. Sec. 26, 3 S. 11, th. W.
etc 5.000
Fourteen transfers under $1000, Of
which eight were nominal 4,382
Total $43,382
Mortgages, $1000 and Over
(Dally Statement.)
S. P. Hunt et al to Security Siv. Bk.
—Lot 19. Severance trt. lot 15, blk
2. townslte of E. San Pedro, i yr,
11 per cent $1,000
J. C. Rains to Ella ft. Burnett—Part
lot 48, Rowley trt, 3 yrs, 11 per cent 2,000
S. A. Thompson et al. to German
Amer. Saw Bk—Lot 76. Waverly trt,
Installments, 11 per cent 2,000
E. W. Heaton to J. A. Keeney—Lot
14. blk 1. C. M. Wells trt, 3 yrs, 11
per cpnt 1,200
Jessie M. and R. ft, Wilkinson to L.
LobttS—Lot 140, WeStlSke Park trt,
1 and 2 yrs, 10 per cent 1,000
T. S. Bentty ot al. to trustees of est.
of J. H. Banks, deed—Part lot 6. sub.
of part Ro. Los Cerrltos, 1 yr, 10 per
cent 2.000
Eighteen mortgages under $1000 8,800
Total t ........ $18,6*0
Releases, $1000 and Over
(Dally Stntement.)
Continental B. & L. Ass'n to J. C.
Raines, 569-231 $3,200
C. R. Hettleld to Alfred Moore, 313
--170 2,700
Same to E. E. Clark, 570-236 2,5!i0
J. R. Voget to T. 11. Haneman, 590
--231 2,300
J. Koyner to F. E. Douglas,679-390.... 3,000
Security L. ft T. Co. to J. F. Haenl,
522-151 1,000
Fifteen releases under $1000 1,750
Total $21,70 i)
ON CHANGE
Conditions as Shown by Transactions
on Wall Street
NEW YORK, Aug. 11.—Today's_husjness
on the stock exchange was the largest for
many months. Trading was very broa-1
and comprehensive, and the tone of specu
lation extremely varied. The genoral under
tone continued unusually strong. The de
cline in prices was not allowed to proceed
to any great length before dullness ensued
and in a short time a renewed demand
would carry prices upward again, generally
on a much smaller volume of business than
on which they had declined. Business was
so large and so widely distributed that the
muvements of special stocks had little in
lluence on the general list and the market
at times showed excessive rgularlty. Even
while large realizing was going on at one
point an eager demand would spring yp
at another, and keep the balance about
even. Considering the large total of the
day's transactions, net changes are small.
Orders placed with commission houses to
buy stocks were large this morning and
more generally distributed than at any
time since the rise set in. This outside de
mand was fed with a steady stream of
stocks, which obliterated the opening gam
before the tlrst hour. A large part of the
outside orders, especially ln the Grangers,
were attributed to western account. The
buying was induced by the unexpectedly
favorable character of the government, crop
report. Realizing was on a greater scale
In Burlington and Rock Island than .li the
other Grangers, possibly due to the com
paratively less favorable showing of the
corn crop. The advance ln Atchison pre
ferred brought out such a Hood of offotyhgs
that the demand seemed to be abandoned
largely and turned to other low priced
stocks. A number of preferred railroad
stocks which have not yet corns TO the full
dividends to which they are entitled and
some of the junior stocks on which a sur
plus over preferred stock has been earned
but not disbursed, were especially promi
nent. Northern Pacilic common wa.s the
leader In the late speculation at an ndvance
of two points and Denver preferred rose
at one time 1%. The Industrial specialties
were irregular. Sugar was at one time above
140, while Manhattan fell as low as 105, and
wns depressed all dwy.
There were heavy offerings of bonds at
times, especially of recently reorganizd
roads, a considerable part of the selling be
ing attributed to foreign account. Totol
sales, $1,320,000.
United States new fours, coupon, declined
%, and the threes, when issued, advanred
% in the bid price.
Closing Stocks
NEW YORK, Aug. 11.—The following
are the closing prices on the Now york
stock exchange today:
Atchison ....... 14% do 2d pfd.... 31%
do pfd.... 35% St Paul 105%
Baltimore & O. 16 do pfd 154
Canada Pacific. 84 St P & Omaha.... 64%
Canada, South.. 58% dv pfd 155
C Pac.ex, 17% St PM & M 162%
Ches & 0hi0... 24% Southern Pacific. 22
Chi & A1t0n...159 So Hallway s%
0B & y 114% do pfd 83%
Chi & E 111 58% Texas & Pacilic. J3
C C C& St L.. 44*, UP pfd «il%
do pfd.... 86% UP D&G 4%
Del & Hudson.loß Wabash 7%
D L ft W 132% do pfd 20%
Den & Rio G— 13% Wheel AY'L 8.... 1%
do pfd....'32% do pfd 12%
Erie (new) .... 13% Adams Ex 103
do Ist pfd..36% American Ex. ...134
Fort Wayne ...172 United States Ex. 41
Gt Nor pfd. ex Wells Fargo lis
dov ex rights. 132% Am Cotton 0i1... 28%
Hocking v'al... i!k do pfd 83
ll'..«ois Cere., ..108% Am Spirits....... 13%
Lake E ft W... 11 do pfd 37%
do pfd.... 71% Am Tobacco 129%
Lake Shore... .104 do pfd 123
Louis & Nash.. 56% People's Gas 102%
Manhattan L..103 Con Gas 198
Met St Ry 158% Com Cable Co. ...170
Mich Central....loS%Col F & Iron 20%
Minn & StL.... 28% do pfd 75
do Ist pfd.. 89% Gen Electric ....
Mo raciflc- 37% Illinois Steel 63%
Mobile & Ohio. 27% La Cleda Gas.... 53%
MX &T 11% Lead 3fi%
do pfd.... 36% do pfd ITT
Chi ft L 9% Nat Linseed Oil.. 7%
do pfd.... 33 Pacific Mall 32%
N J Central.... 92 Pullman Palace.l(s)
N V Central...ll9% Silver Cert 08%
NYC & St L.. 13% Standard R &T. 5
do Ist pfd.. 60 Sugar 138%
do 2d pfd... 36% do pfd 1t4%
Nor West 14% T C & Iron 27%
N Amer C 0.... 0% 0 S Leather 7%
.North Pacific. 33% do pfd 69%
do pfd...! 73% US Rubber 41%
Ontario ft W., 13% do pfd 98%
Ore R & Nay.. 52 Western Union.. 91%
Ore Short Line 29 Chicago ft NW..135%
Pittsburg 168% 'do pfd- 175%
grading 18. Chicago *G W. YSH
ork 151and....107* St L ft S W 8%
St L ft S F.... 7% Reading Ist pfd.. 4i?>
do Ist pfd.. 66 Brooklyn RT.... 63%
Bond List
NEW YORK, Aug. 11.—The following
are the closing prices of bonds on the New
York stock exchange today:
U S new 4s feg.l27T? N V Cen lsts... .113%
do c0up....127% NJCSs 112%
U S4s 112% N Carolina 65....125
do c0up....111% do 4s 103%
do 2ds 97 N Pacific 15t5....112
TJ S 5s reg 112 do 3s 65
ao sscoup.ll2 do 4s 100%
District 3s 65...110% N YCftflt L....17ii!
Ala Class A....10.? Nor ft W Is 121
do 8....103 N W Consols 141%
do C....100 do deb 55....1TR
do Currency 90 O Nay lsts 112
Atchison 45.... 95% do Is TIKI
do adl Is.. 72;* O S Line 6s t r...12H%
Can So 2ds 110% do 5s t r 103.
Can Pac lsts.. — Pacific 6s nf 95...10j0/,
Chicago Term. 88% Rending 4s 83%
C % Ohio 55....115% R O Wlsts 90%
CHAD m5...m% S Lft I M con ss. 9914
D& R G lsts....nil * St P Con 119%
D&RG4S 97% St P ft C PISts.IISK
East Tenn.lsts.lo3% do 5s 110%
Erie Gen 4s 73 So Railway 55... 98
FWft O Ists tr 74% S C nnn-fund... -
Gen Erec ss. ...108 S R ft T 6s 98%
G II ft S A 65...104 Term new set 35.. 92%
do M 5....108. Tex P L G 15t5..107
H ft T C 55....110 do reg 2d5... 43%
do Con 65..105 Unlnre Pac 4s 98%
lowa C 15t5....10.1% U P D ft G lsts.. 7«
KPContr....- IT ppfd 59%
X P Ist (D D) tr — Va Centuries 73
L A new ccri 4s.in2V. do dfd SK,
LftUnl4s 91% Wabash Ist 55....111%
Missouri 0s ~..100 do 2ds STiM,
M X ft T 2ds.. 63% do 3s 91
do 4s 91% W Shore 4s 1011%
London Markets
NEW YORK. Aug. 11.—The Evening
Post's London financial cablegram says:
The feature Is the strength of Americans.
The rise wns Initiated by buying from New
York, but there is also more business here
than for some time past. The public them
selves are taking a hand, although, as pre-
I 'lonely cabled, the disposition In some quar
ters is to take short profits. Prices fln
-1 lshed a trifle below the best. Grand Trunks
were better. The half-year's statements I
expected Immediately, and It is believed i
that full Interest •will be paid on the guar- :
anteed stock, with a large amount carried
forward. Other markets were steady, but
featureless. Gold war ln strong demand 1
at 775. 10% d. for Russia.
.
Treasury Statement
WASHINGTON, Aug. 11.—Today's state- •
ment of the condition of the treasury
shows: Available cash balance, $265,484,741; ,
gold reserve, 3194,432,677.
Spanish Securities
LONDON, Aug. 11.—Spanish fours closed I
at 43%.
PAHIS, Aug. 11.—Spanish fours closed at
43.17%.
Silver Bullion
SAN FRANCISCO. Aug. 11.—Sliver bars,
68% c; Mexican dollars, 46®46%c.
CHICAGO MARKET
Pricos and Prospects of ths Trade la
Cereals
CHICAGO, Aug. 11.—Instead of showing
deterioration in the condition of spring
wheat during the month, as was expected,
the government crop report made an im
provement of 1.6 per cent. That caused
the price of September to drop %c under
yesterday's close, opening trades being at
65%®85c. After this expression of bearish
feeling the market commenced to harden
a little, the receipts at various points Indi
cating that no Increase in the movement
hud set in. The aggregate receipts at the '
principal primary markets 380,5*0 bushels,
against 807,000 bushels the year before. This
striking deficiency, together with an eager
demand for shipping parcels, worked fhe
price of September up to 65\c. It was re
ported from Kansas City that No. 2 hard
was up 4 cents a bushel there, and asthere
appeared a probability of another decrease
In the visible supply, the market became
very strong, after many changes of front.
December was depressed from beginning to
end and wound up %c lower for the day.
December closed %c higher.
Corn was Influenced by the governmtfit
report showing only 3.5 reduction ln con
dition after u!l that had been heard of seri
ous damage. The recuperative buoyancy
of wheat neur the close brought out some
buying orders In corn and the closing figures
were the best of the day. September closed
%B%c lower than yesterday.
• Oats followed the other grains, closing
unchanged to %c down.
Provisions startd weak, with corn. A
good cash demand, however, turned the
market strong. Pork left off unchanged;
lard gained 2%85e, ami ribs 2%c.
SAN FRANCISCO MARKET
Call Board Dealings and Prices ot
Produce
SAN FRANCISCO, Aug. 11.—Flour-Fam
ily exlras. 4.4084.50; bakers' extras, 4.10®
4.25 per bbl.
Wheat—Shipping, 1.18*401.31% percental;
milling, 1.3081.40.
Barley—Feed, 1.18*401.20; brewing, nom
inal.
Oats—Poor to fair, 1.17%®1.22%; good to
choice, 1.3601.30; fancy feed. 1.32%; gray,
1.22U01.56; milling, 1.22%®1.27%; surprise,
1.32%01.86.
Millstuffs—Middlings, 18.00020.00 per ton;
bran, 15.00016.00.
Hay—Wheat, 14.00817.50: wheat and oat.
11 iWa 17.00; alfalfa, 11.50W13.00; barley, 13.008),
14.50.
Dry Beans—Pink, 2.3002.40 per cental;
small white, 2.0(K0'2.15.
Vegetables—Onions, 60066 c per cental;
green peas, 2.3003.00 per sack; tomatoes,
l®l%c per lb.; rhubarb, 50@75c; squash,
35c
Fresh Fruits—Pears, Bartlett, 75c©1.00
per box; peaches, box, 25060 c, strawber
ries, 9.00 per chest; gooseberries.
nutmegs. 1.0001.60; cantaloupes, 1.5003.00;
per crate; apples, 40C01.00 'box.
Eggs—Store, 16019 c per dozen; fancy
ranch, 228 25.
Butter—Fancy creamery. 23%C<f24c per lb.;
do. seconds. 21fT23;c fancy dairy, 19%020c;
do. seconds, 18819 c.
Poultry—Turkey gobblers, 15017 c per lb.;
old roosters, 4.23(84.50 dozen.; young roost
ers, 6.0006,00; small broilers, 2.5008.60; large
broilers, 3.5004.00; fryers, 4.00W4.50: hens,
3.5005.00; old ducks, 2.5003.00; geese, 75c©
1.00 pair; old pigeons, 1.25; young pigeons,
1.50.
Citrus Fruits—Navel oranges. ; Mex
ican limes, repack, 5.5086.00; common Cali
fornia lemons, 1,6002.00; choice, 2.50®3.00.
Dried Fruit Prices
NEW YORK, Aug. 11.—California dried
fruits dull.
Evaporated Apples—Common, 688 c per
pound; prime wire tray, 8%8S : )ic; choice,
89i09c; fancy, 9%c.
Prunes—lßßc.
Apricots—Royal, 8%®10c; Moorpark, 10®
12c.
Peaches—Unpeeled, s©Sc; peeled, 12t?IBc.
Kansas City Live Stock
KANSAS CITY, Mo., Aug. 11.—Cattle-
Receipts, 4000; mrket steady to strong and
active; native steers. 4.0005.40: cows and
heifers. 2.0085.00; stockrs and fedora, 3.00®
4.70; bulls. 2.9084.00.
Sheep — Receipts. 3000: markt firm;
lambs, 3.1005.80; muttons, 3.0084.25.
Petroleum
OIL CITY, Pa., Aug. U..--CaseUbalances,
96c; certificates, sales 10,000 barrels cushat
93% c; closed, 95% c bid for cosh.
Local Quotations
BUTTER—Extra local 32-ounce squares,
55c; fancy creamery, northern. 32-ounce
squares, aOc; dairy, 32-oz., 42%843c; dairy,
28-oz. squares, 40c; fancy tub, per lb.,
228 23c.
EGGS—2OO2Ic 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., 15c; domestic Swiss, per lb.. 20c.
POULTRY—Per dozen: Hens, 3.5005.00;
young roosters, 4.0006.00; old roosters, 3.50
4.00; broilers, 2.000 2.50; fryers, 2.7503.75;
ducks, 3.0003.50; turkeys, alive, per pound,
10®llc; geese, apiece, 76e@1.00.
POTATOES-Burbnnks, 90C01.00.
VEGETABLES—Beets, per 100 lbs., 80c;
cabbage, per 100 lbs., 00075 c; carrots, per 100
lbs., 8oc; chiles, dry, string. 1.1001.25; Mex
can, per lb., 50c; green, per lb., 607 c; gar
lic, 606 c; onions, 70075 c; do. green, per doz.,
doz., 20c; green peas, 304 c; turnips, 85c;
parsnips, 7;vß 85c; cucumbers, 76080 c box.
GREEN FRUlTS—Bananas, bunch, $1.50
2.26; strawberries, com., 506 c; fancy, 9®
12c; blackberries, 48>6c; Toquats. 406 c;
ries, white, 450 60; do. black, 45060; apricots,
per box, 60c; raspberries, ncr box, 8010 c;
B'7c; gooseberries, per lb., 304 c; currants,
box, 60865 c; Logan berries, per box, 406 c;
480 c; figs, per box, 60060 c; peaches, per
box, 70075 c.
RAISINS—Fancy clusters, 20-lb. boxes,
2.00. 4-crown L.L. clusters, 1.75; 3-crown
L.L., per box, 1.36; 2-crown, loose, ln sacks,
per lb., 4c; 3-crown, loose ln sacks, per lb.,
6%@6%c; 4-crown, per lb., 5%@6c:
peas, 2.7503.00; black-eyed beans, 3.00; gar
per shell, 12013 c; hard shell, 708 c; pecans,
7c; roasted, 808% c; California, raw, 405 c;
12.50013.00; loose, 12.00.
LARD—Rex pure leaf, tierces, 8c; spe
cial kettle rendered lard, B%c.
CITRUS FRUITS—Fancy navels, 3.25®
2.40 per box; fancy seedlings, 1.7602.00.
Cured fancy, 1.5002.00: choice, 1.35; green
lemons, 1.00; grape fruit, per box, 8.0004.00.
DRESSED MEATS—AII per lb.: Beef,
No. 1, 6%c; No. 2, 6%c; hind quarters, No. 1,
9c; hind quarters, No. 2, 7c; ribs of beef,
10c; veal, 7©7% c: mutton, 7%c; lamb, 8c;
pork loins, B%c; legs of pork, B%c; pork
spare ribs, 6c; pork tenderloins. 16c.
LIVESTOCK-Per lb.: Beeves, B®»%e;
hogs, 4%c; lambs, per head, 1.6002.00; sheep,
per CWt, 2.5003.50; calves, per lb., 3c.
CURED MEATS—Rex hams, 10% c; pic
nic hams, 5%c; No. 2, B%c; select mild cure,
11c; fancy breakfast bacon, ll%c; dried
beef, 14%e: smoked tongues. 50c; dry salt
clear bellies, 16-20 ay., B%c; dry salt clears,
36-40 ay., 7%c; salt clear backs, 7%c.
TALLOW—Per lb.. 2%©3% c.
WOOL—Nominal.
HONEY AND BEESWAX—Honey ln
wax, 20025 c per pound.
BEANS AND DRIED PEAS—Pink, 3.25®
3.60; Lima, 3.2503.60: Lady Washington, 2.40
82.a0; small white, 2.5002.60; green field
peas. 2.7503.00; black-eyed beans, 3.00; gar
vancos, 4.0004.60; lentllß, Imported, 7.00®
8.00; lentils, California, 3.6004.00.
DRIED FRUITS—Apples, sun dried,
sacks, per lb., 5%06c; evaporated fancy.
608 c; apricots, fancy, 8c; choice, 608 c;
peaches, fancy, unpeeled, 6®7c; pears, fan
cy evaporated, 8010 c; plums, pitted, choice,
3010 c; prunes, choice, boxed, 6@90; sacked,
406 c; dates, 7%0)8c; sliver prunes, choice,
sack, 7%®Bc; boxes, 9010 c; figs, California
white, per lb.. 6@7c; California black, per
lb., 6®5%c; California fancy, per lb., 7%0
10c; Imported Smyrna, 12%©15 c.
NUTS—Walnuts, Los Angeles, 4®sc; pa
per shells, 12013 c; hard shell, 7®8o; pecans,
9012 c; filberts, 12@12%c; BrasTls, ll©l£c;
ninons, 10011 c; peanuts, eastern, raw, 3%(S
7c; roasted, 8©8%o; California, raw, 405 c;
roasted, 6%(57c.
MILLSTUFFS—FIour, local mills, 5.20
per bbl.; Stockton brands, 6.26; Oregon, 5.00:
eastern, 5.00©«.76; shorts, ton, local. 23,00;
rolled barley, per IN lbs., 140; cracked corn,
per 100 lbs., 1.05; feed meal, per 100 lbs., 1.10; i
bran, per ton, 21.00; graham, per 100 lbs., ,
2.70. •> '
HAY—Wheat, per ton, 18.00®22.00; barley, ,
17.00©18.00; oat, 17.00(8 20.00; alfalfa, baled,
12.50813.00; loose, 12.00. . ,
GRAIN-Wheat, No. 1, L 65: No. 8, 1.60;
corn, small yellow, 1.26; large yellow, 1.05;
barley, common, 1.35.
HIDES—Dry (as they run), 14c: do. kip.
ll%c; do. calf, 16c; bulls, 7c; salt steers,
4%«5%c; do. stags and bulls, 3%04c; cows,
6%©7 c; sheepskins, 6®>6c.
All prices of wall paper greatly reduced.
A. A. Eckstrom, 324 South Spring street.
Willi.K THE WAR LASTS
All who march, walk or stand should
shake Into their shoes Allen's Foot-Ease, a
powder. It cures aching, tired, sore, swol
len feet, and makes tight or new shoes
easy. It absorbs moisture and prevents
chafing, hot, smarting, blistered, sweating
feet. All the regular army troops and
navy men use It. Volunteers ln hot cli
mates can't exist ln comfort without It.
Alien s Foot-Ease Is sold by all druggists
and shoe stores. 25c. Sample sent FREE.
Address Allen S. Olmsted, Le Y^
Accept a substitute and
S suffer. Insist on
c ni/n p"e a » d
C UTU Tumor Sure
AND A CURB.
11.(0 All Drugglßit
LINES OF TRAVEL
H LOB ANQELES - fl
|-1 RAILWAY CO- R
TIME CARD IN EFFECT JULY 24.
From Los Angeles to Depart Arrive
tileudsle, f $7:55 am $9:10 am
Tropico snd Uil::tO«m $12:35 pro
Vcrdugo Park 1 (Vie pin (0:55 pin
I ||9:osnm ||10:2 C am
Pasadena, ( »7 lis am f8:25 an
Uarvanza and { 113:45 pm tl:32pn>
Ostrich farm ( 45:20 pm r>:3s pa
Pasadena, Aitadena and I (8:50 am no:2 Bar.
Mount Lowe j ,S:D pm fs:3lpn,
I <jr.:ls am 37:48 an
(B;3>ain »B:47an.
||10:3">am |Il:i6am
♦ 1:55 pm t5:12 pn
$4:50 pm $1:3.1 pm
(5:40 pm l|8:10 pn:
( |»:35im 611:15 p
Catalina Island { {I:sspm 45:12 pn
( 14:50 pm ||lO:aopm
(Dally. (Except Sunday.
HSunday only. ISaturday only.
Boyle Heights, Downey avenue and Dai
ttreet car lines pais terminal stations.
City ticket office, 230 South Spring street
Pacific Coast Steamship Co.
Sw The company's elegant
steamers SANTA ROSA
and POMONA leave RE
xVFQsMaV DONDO at 11 a. m. am:
IfaCTl PORT I.OS ANOISLKS ai
W3HW 2:30 p. m. for San Fran
Cisco via Santa Barbara
and Port Harford Ang. 3
7, 11, 16, 19 .23, 27 , 31, Sept.
4. 8, 12, 16, -0 ,24 , 28, Oct. 2, and every
fourth day thereafter. Leave PORT LOfc
ANGELES at 6 a. m. and REDONDO ai
10 a. m. for San Diego Aug. 1, 5, 9, IS, 17, 21.
26 , 29, Sept. 2, 6, 10, 14, 18, 22, 26. 30, Oct, 4,
and every fourth day thereafter. Cars
connect via Redondo leave Santa Fe depoi
at 9:55 a. m., or from Redondo Ry. depot at
9:30 a. m. Cars connect via Port Los An
fries leave S. P. R. R. depot at 1:83 p. m
or 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, Oavlota, Port
Harford, Cayucos, San Simeon, Monterey
and Santa Cruz at 6:30 p. m. Aug. 4, 8, 12.
16. 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- R. (Arcade depot) at 5:03 p. m
and Terminal Ry. depot at 6:40 p. m.
For further Information obtain folder. The
company reserves right to change, without
Breviouß notice, steamers, sailing dates and
ours of sailing. W. PARRIS. Agt.,
124 w. Second St., Los Angeles
GOODALL, PERKINS & CO.,
Gen. Agts., S. F.
LOS ANGELES AND REDONDO RAIL
way Company.
Los Angeles depot: Cor. Grand aye. anc
Jefferson st.
Leave Leave
Los Angeles Redondo for
for Redondo. Los Angeles
8:00 a. m.. Sun. only 7:00 a. m, Sun. only
9:30 a. m. dally 8:00 a. m., dally
10:45 a. m., Sun. only 8:30 a. m.. Sun. only
1:30 p. m. dally 11: :00 a. m., dally
5:30 p. m. daily 4:18 p. m., dally
7:00 p. m.. Sun. only 8:45 p. m.. Sun. only
11:30 p. m., Sat only 6:30 p. m., Sat. only
Take Grand aye. electrlo cara or Mali
st. and Agricultural park cara
L J. PERRY. Superintendent
MONEY TO LOAN
TO LOAN—MONEY IN LARGE OR
small amounts at lower rates of Interest
than others charge, on all kinds of col
lateral security, diamonds, watches, Jew
elry, pianos, furniture, life Insurance and
all good collateral; partial payments re
ceived; money quick: private office for
ladles. G. M. JONES, rooms 12-14, 254 S.
Broadway. 1-30-99
MONEY TO LOAN IN SUMS FROM 81000
to $200,000, on inside gilt-edged Income
bearing property only. Inquire of F. Q.
STORY, room 303, Henne block, 122 W.
Third st.
i ,
MONEY LOANED ON DIAMONDS,
watches. Jewelry, pianos, sealskins, car
riages, bicycles, warehouse receipts and
all kinds of collateral security; storage
free in our warehouse. LEE BROS., 402
S. Spring st. tf
MONEY LOANED AT NET INTEREST
rates from 4% to 8 per cent per annum,
according to character and size of loans.
EDWARD D. SILENT & CO., 212 W. 2d.
tf
TO LOAN—IF YOU WANT MONEY ON
real estate security, I have It In any
amount; $5000 to $50,000 at 6 per cent. WM.
F. BOSBYSHELL, 107 S. Broadway.
6-20-tf
POINDEXTER & WADS WORTH, ROOM
30S Wilcox building, lend money on any
good real estate; building loans made; if
you wish to lend or borrow, call on us. tf
MONEY TO LOAN ON IMPROVED
real estate; Interest decreases as you pay.
STATE MUTUAL BUILDING AND
LOAN ASS'N, 141 S. Broadway. 6-20-tf
MONEY TO LOAN-$2OO TO $95,000 ON
city and country real estate. LEE A. MC
CONNELL & CO., 145 S. Broadway, Frost
building. tf
I CAN MAKE YOU LARGE OR SMALL
loans at very light expense. HENRY
HART, 103 E. Second st. tf
TO LOAN-5 TO 8 PER CENT MONEY.
BRADSHAW BROS., room 202 Bradbury
block. tf
PHYSICIANS
OR. UNGER CURES CANCERS AND
tumors; no knife or pain. 107% N. Main
street tf
512 1' you would have your advertising
announcements and arguments q&
S burned 1
I memory 3
of thousands of bright. Intelligent,
t!o£ money-spending people, buy space
A>? In the advertising pages of
|| The Los Angeles Herald ||
M§ Those who make lists of the mis- vg
q& spelled words scattered through Eg
3i the advertising must fearn the 2J§
35 advertisements by heart. They
can't help it. If you don't believe Jffij
this, try to find the misspelled gig
r3 G words yourself, and note the result. 3g
f| A Prize Every Week ||
OLDEST AND LARGEST BANK IN SOUTHERN CALIFORNIA
FARMERS AND MERCHANTS' BANE OE LOS ANGELES, GAL.
Capital paid up . $500,000.00
Surplus and reserve $925,000.00
I. W. HELLMAN, President; 11. W. HELLMAN, Vlce-Pree.; H. J. FLEISH
MAN, Cashier; Q. HEILMAN, Assistant Cashier. Directors—H. W. PERRY, O. W.
CHILDS, J. F FRANCIS. C. E. THOM. L W. HELLMAN. JR., H. W. HELLMAN,
A. GLASSEL, I. N. VAN NUTS, I. W. HELLMAN.
Special Collection Department. Correspondence invited. Our Safety Deposit De
partment offers to the public safes for rent ln Its new Fire and Burglar-Proof Vault,
which Is the strongest, beat guarded and best lighted In this city.
THE NATIONAL BANK OE CALIE ORNIA
At Los Angeles.
Capital and Pro fits, 8270,000.00
OFFICERS DIRECTORS
8. C. HUBBELL President 8. C. HUBBELL, T. E. NEWLTN, a H
0. H. CHURCHILL. First Vice President CHURCHILL, J. M C. MARBLE, O. T
0. T. JOHNSON....Second Vice-President JOHNSON, JOS. D. RADFORD. W. 8. Dl
A. HADLEY Cashier VAN, CHAS. MONROE, N. W. STOWELL
JOS. D. RADFORD Assistant Cashier H. M. LUTZ, FRED O, JOHNSON, JOHN
ft. I. ROGERS Asslitant Cashier E. MARBLE. A. HADLEY. ■
|_08 ANGELES NATIONAL BANK
United States Depository
CAPITAL 1500,000.00 SURPLUS t50.060.0S
Total 1850,000.00
GEO. H. BONEBRAKE President WARREN GILLELEN....Vice-President
F. C. HOWES Cashier E. W. COB Assistant Cashier
DIRECTORS
Geo. H. Bonebrake. Warren Glllelen, p. M. Green. B. P. Johnson, Wm. M. Yea
Dyke, W. C. Brown, L. C. McKeeby, F. C. Howea.
This bank has no deposits of either the county or city treasurer, and therefore ne
preferred creditors. .
SECURITY SAVINGS BANK
Corner Main and Second Streets
OFFICERS DIRECTORS
PL W. Hellman. J. F. Bartorl. W. L Oravte,
J. F. SARTORI President H. J. Fleishman, C. A Show, ». O. Jotan-
MAURICE S. HELLMAN,Vice-President son, J. H. Shankland, J. A Graves, M. L.
W. D. LONGYEAR Cashier Fleming, M. 8. Hellman, W. D. Longyear.
Interest paid on term nnd ordinary deposits
Money loaned on flrst-elass real aetata
piRST NATIONAL BANK OE LOS A NGELES /
Capital Stock 1400.000 Surplus and undivided profits over $260,001
J M ELLIOTT PresidentW. G. KERCKHOFF Vice-President
FRANK A. GIBSON CashlerW. 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. Kerckhoff.
No public funds or other preferred depo alts received at this bank.
MAIN STREET SAVIN OS BANK
Capital paid up 3100,000
Junction of Main, Spring and Temple s treeta, (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'Molveny,
J. B. Lankershlm, O. T. Johnson, Abe Haas. W. G. Korckhoff.
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. National Bank of California.
Telephone Main 942. Los Angeles National Bank.
MARGIN ACCOUNTS SOLICITED. CO MMISSIONS FAITHFULLY HTOBCUTBD
Dally report mailed upon application. F. P. BURCH, Cashier.
|OS ANGELES SAVINGS BANK
230 North Main Street
J E. Plater, President; H. W. Hellman, Vice-President; W. M. Caswell, Cashier.
Directors—l. W. Hellman, J. E. Plater. H. W. Hellman, LW. Hellman, Jr., W.
M. Caswell.
Interest paid on deposits. Money to lo an on first-class real estate,
GERMAN-AMERICAN SAVINGS BANK
Paid Up Capital and Profits, 9150,000.
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.
COUTHERN CALIFORNIA SAVIN OS BANK
158 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»s jf» I rt#t#w Bookbinders and . i ,
UIaSS GC LOng Blank Book Manufacturers
213-215 NEW HIOH ST. Los Angela* tn****}^
A Maw Book, s♦» Pace*. Invaluable to
Invalid, By the FOO & WINO HKKB CO.
OCS Bouth Olive Street, Los Angele ■. o»l
Dr. T Foo Yeru
Diagnosis and examination free.
M ♦ t ♦ ♦ MMtr ♦♦♦♦♦»♦»'
k.« Crystal Palace: i
: I ... IS NOW OPEN ... 2; j
•; Meybercj Bros. 343-345 s. spring st. |.
♦ ♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦4e-« j
C. f. HEINZEMAN ;
.. Druggist and Chemist.. |
222 North Main Street Los Angeles
PRESCRIPTIONS CAREFULLY COM
POUNDED DAY OR NIGH T.
Allen's Press Clipping Bureau
HI Weat Second Street -
•■ " J I.os Angeles, Cal.
Furnish advance reports on all contract
work, sucb as sewers, reservoirs. Irrigation
I and pumping plants and public buildings.
Personal clippings from ail papers In As 1
1 United Btates.
& Do You
yV Swim?
yjflN Does Your
'Tfj Boy Swim?
x X t <r It is our busi
iiWs ness to mrnisn
• ■ T r |\ Jja your boy with
- _^3^Ll-7/» < ' a safe, cleanly
place in which
% to learn to swim
We Keep » Man to Teach Them
Natatoriiim Open nXt ™
Boys, 10 tickets 11.50
Ladies and Gentlemen, 10 tickets.... .J2OO
848 South Broadway
Adjoining City Halt f. % GILBERT, Prop
NEW YORK SPECIALISTS
We are pre-eminent in Diseases of
Men Only \\V*T*
a3OX S. Main St, Los Angels*
Baker Iron Works
HO to MS Buena Vista ■ treat
LOB AWOItLItS, OI«SJS^SSSpi! UnlA
11