davidaulloa/AmericanStories huggingface dataset:
The herald., 1897-08-24
THE WHEAT MARKET
Rapid Unloading Leads to Decline of
Prices

NEW YORK. Aug. 23.-There was lively
session of general unloading by all classes
of traders in the wheat pit today. which re-
suited in net break of &c a bushel from
Saturdays official close and about 4c from
the best curb prices of Saturday. Trans
actions in the aggre gate ran up to l4OO0 600
bushels, and yet trading at times was dull
to the point of stagnaton. The heaviest
selling was right at the opening. when for
eign houses Joined in heavily and again
near the close. Excepting for brief period
of strength following Immediately after the
opening irregularity the market showed
positive heaviness all day. Many traders
on the curb, and even right at the opening,
blinded by their bull enthusiasm and the
| 3A advance in Liverpool futures. took on
more wheat, expecting a continuation of
recent exciting bull conditions, but were
speedily turned into heavy sellers by the
| unlooked-for attitude of the foreign Gle
ment, whose offerings fairly swamped the
market for a time. Throughout the first
half hour the pit was as nervous and ex-
cited as at any time on the present move
ment. The large blocks of long wheat
thrown into the market, meeting counter
buying of enthusiastic bulls, kept the
prices in a perfect whirl, frequently jump
ing spaces of 13c between sales. To make
matters worse quotations coming in from
Chicago showed that market to be wildly
excited on see-saw jumps of 1c a bushel.
The first trade in December here was made
at 104. 1t then dropped sharply to 1914,
rushed back to 1914. and then settled down
to 1O2. hanging around that figure until
near the close, when 1t fell to 1919. Sep
tember ranged from 10S to 1861. and closed
at 103H. The French markets aided the
bears. They made no response to Satur-
days strength on this side and closed only
10 to so points up on wheat and flour,
against AID and Sd advance for the day at
Liverpool. The talk about prospective re-
duction in the French duty was not cred
tied on change. Export trade was limited
by the stiff holding of cash wheat here
No. northern being sGS1a over September,
and No. 2 AZ over. Today's break has been
the first serious check the bull movement
has received in week. First prices were
~ higher than last Saturday night, on ex-
citing trading. influenced by a sharp rise
in cables, but subsequent turn in trading
sentiment sent prices flying the other way,
inducing heavy realizing, which continued
all day. Final prices were ss@9s net lower.
TACOMA, Wash, Aug. 23.-Wheat today
responded quickly to the excited condition
of eastern markets. Very little wheat in
Walla Walla country, where the wheat has
been marketed in the main as soon as
threshed. Closing prices No. club 80;
No. blue STEM 81.
PORTLAND, Or, Aug. 23.-The antici-
pated slump in the wheat market at Chica-
go today had but little effect upon the
local wheat market, as Liverpool cables
brought no news calculated to depress the
The herald., 1897-08-24
THE INVESTOR


vided the supply is sufficient to keep the
reineries going.
On the other hand, the trusts violent
opposition to the domestic sugar industry
would create public sentiment that
would affect the great monopoly most dis
astrously. 1t is now known that had the
senate sugar schedule become a law the
favors it bestowed upon the trust would
have made it's stock worth $3.50 This great
advantage was knocked in the head by pub
llc opinion and by the farmers demands
as voiced by the American Sugar Growers
society and American Agriculturist. The
advantages secured by the farmers in the
sugar tariff as passed are credited, by those
who know the situation, largely to this
journal and society. But for these agencies
it is evident that not only would agricul-
ture have got less, but the trust would
have got more. AS to the location of new
sugar factories, much will depend upon
the outcome of this seasons experiments
| in beet culture. With proper assurance
of an abundant supply of beets of good
quality, a factory under the present tariff
should be good proposition for all con-
cerned."
The herald., 1897-08-24
SAN FRANCISCO MARKETS
Call Board Prices of Cereals and Ship
ments Received

SAN FRANCISCO. Aug. 2S.-Wheat-
Quiet; December, 1.65Ss; May, 1885. Bar
ley-Quiet; December. 99A. Corn-Large
yellow, 107la91.10. California bran, 14.0O9
145O.
Flour-Family extras, 5.25@5.35; bakers
extras. 5.00I5.10.
Wheat-No. l shipping, 1.6O; choice do,
1.621s; milling. 1.65@1.70.
Barley-Feed. 97laQ1.00; choice bright,
1.O21a@1.O5; brewing, 1.10@1.1 for No. and
1.O0Q1.05 for coast.
Oats-Poor to fair, 1.0501.121a; good to
choice, 1.15@125; fancy feed, 1.30@1.35; new
red, 1.10@1.15 new Salinas, 1121aQ1.20; gray,
1.10Q1.15.
Receipts for forty-eight hours-F'lour
quarter sacks, II. 7.4S9; do Oregon, 14,752;
wheat ,centals. 92221 do Oregon. 2l00; bar
ley. centals 1926; oats. centals, 1880: beans
sacks. 1884; corn ,centals, eastern, 32OO po-
tatoes, sacks, 1862 onions, sacks, 1881; bran
sacks, 400; do Oregon, 1895; middlings
sacks, GOO; shorts, sacks. 1850; do Oregon 319
hay tons, 1885; straw, tons, 80; wool, bales
$50; do Oregon, 1867; hides, number, $50
quicksilver, TASKS, 50; wine, gallons 1850
The herald., 1897-08-24
National Bank Changes

The bulletin of the comptroller of the
currency, dated August 49, 1897, gives the
following changes, among others:
National Bank Organized.-The First
National bank of Ebensburg, Pa. Capital,
$50, ,000); Alvin Evans, president; M. D. Kit
tell, vice president; A. W. Buck, cashier;
Robert Scanlan. assistant cashier.
Corporate Existence of National Bank
Extended First National bank of
Rome, Ga, until August Is, 1871.
Applications to Organize National Bank
Approved-T Millikin National bank of
Decatur, Ill. Capital, s200,0OG. by the fol-
lowing persons: James Millikin, J. M.
Brownback, Orvile Gorin Orlando Pow
ers, William T. Vanderveer. The Fargo
National bank, Fargo, N. d. Capital $780,
O00), by the following persons: w. c. Mac
.fadden, o. ]. Lendrecie, Martin Hector and
others.
Insolvent.-The First National bank of
Asheville, N. c., was, on August IA. 1897,
placed in the hands of George S. Powell,
receiver,
The herald., 1897-08-24
San Francisco Produce

Middlings-19.OO@22.0 per ton: California
and Oregon bran 14.00@15.0O per ton.
Hay-Wheat, 12.O0@15.G0; wheat and oat.
II OOI14 90; oat, 10.0O@1200; river barley, 100
@S.OO; best barley, 9.0O@12.0o; alfalfa, sec
ord cutting S.50G10.00; clover 7.5O@9.5O
stock, 100000: compressed wheat l2ooa
AGO per ton; straw, per bale. 3o@4O
Dry Beans-Pink. 1.50d1.60; lima 2V'
az 10; small white, 1.30a1.40; large do, 1.S(
Q1.40
Observation-Disclosures. in boxes. Early
Rose 4O@50 per cental River Burbanks
3Om4O; Salinas Burbanks 75d90 in sacks
Early Rose, 9Ga;40 per sack, Rurbanks. d
@45; new sweet potatoes. %nl per 10.
new silverskin onions, 75M9O per cent
dried pepper. 5@7 per lb.: garlic, 2@21.
per lb.: green peas HAPPY per lb.: string
beans, 21a6l3h per lb.: bay squash. 2O13o pei
box: tomatoes, 50a60 per box greer
corn, 75G1.0O per sack; chile pepper, 25QSs
per box; egg plant, 35@50 per box; gree
okra, 25m40 per box; lima beans. S@3h2.
Fresh Fruits-Apples, large box, 40u6o;
Royal apricots, 20@4O per box; straw
berries. 30JG4.50 per chest; blackber-
ries. l. 7502 so per chest; raspberres. 1000
800 per chest: canteloupes. 40d65 pei
crate; figs 3OM40 per small box. 6OmI5 per
large box: Fontainbleu grapes. 20@30 pei
box: Muscat grapes 4oM50 per crate
peaches, 15d5O per box; plums, 2O@4o pei
box; pears. 25Ql50 per box; watermelons
| 0O0d17.50 per hundred.
Citrus Fruits-Oranges. Valencia 3Ot
$3.50: Mexican lines. 5.5Cd6.O0 per box;
common California lemons, 1.00d2.5O per
box; fancy California lemons, 800 per box
| Tropical Fruits-Bananas. 1.OO92.00 per
bunch; pineapples, 1.50M2.5O per doz.
| SMYRNA figs, 1904 per lb. Persian dates,
| 6 per lb.
Dried Fruits new crop)-Apricots. car
lots, 5aG6 per fb. for Royals, 71s@S for
Moorparks: prunes, car load, 3@5 black
figs jobbing 3GlS1a; raisins, 2s4 for two
crown, 3A for three-crown, 3sa for four
crown and 81 for London layers; peaches
51sM6ts nectarines, 5la. Old crop Gobbina
prices)-Apples-Ev 5AM6; sur
dried. 3M4. Peaches-4@61a; peeled, In
boxes. 1O12. Pears-Fancy. 5@6; choice. S1a
standard, 21s; prime, 2. Plums-Pitted, 4@
Az; unpitted, 1M112 Prunes-21am2A Nee
tarines-id5. Figs-Choice white. 8
black. A.
Raisins jobbing)-In sacks or 50-1b
boxes, four-crown, loose 4M5; three
Icrown 31a0I4: two-crown, 2%M3A; seedles:
Sultanas. 5m51s; seedless Muscatels. 4M4i@
in 2O-fb. boxes. three-crown London layers
!. .O0m1 Is: clusters, 1.15@1.25; Dehesa clus
ters. l.75@2.O0; Imperial clusters 2.o0d2. 25
| Butter-Fancy creamery, 23d231a; second
211aM22; fancy dairy, 20@21 second, 1890
| Cheese-Fancy mild new s; fair to good
76I7H: California cream cheddar 10M12
Young American, SQ9; eastern, 12QD14; west
ern. HOP.
Eggs-Ranch. 1922; store. 15@1S; east
ern, 14G17; duck eggs, 15@16.
| Poultry-Live turkey gobblers. 16@1T
hens, 13G14: old roosters, 3.50G400 pei
doz; young do, 4O01550; small broilers
l. 5O62.5 so; large do. 2.75@3.25; fryers, 3.5'
400; hens. 300d4.OO; ducks, old. 800; dc
young 25O@3.50; geese. per pair, 75@1.00
goslings, 1.OO@1.5O per pair; pigeons. 1.00G
1.25 per doz.
The herald., 1897-08-24
Insurance

A good deal of nonsense has been printed
in some newspapers about the status of
life policies held by persons going to the
Klondyke gold region, to the effect that
emigration thither will operate to void the
insurance. The policies issued by nearly
all companies during the past ten years
or so are incontestable save for, non-pay-
ment premiums, and there are no restric-
tions on residence or travel. There are
restrictions in the old forms of policies, but
not in more recent issues. Doubtless con-
servative life companies will, for the pres
ent. find reasons for declining to issue new
policies to those known to be headed for
the new gold fields, and so will the acci-
dent companies. but existing policies of re-
cent date are good even in Alaska.
+ + +
The supreme court of Missouri has de-
cded in the case of O'Keefe against the
Liverpool and London and Globe in favor
of the plaintiff. who contended that al
though two walls of his burned building
were left standing. and the foundation not
injured at ALL yet the identity of the build
ing was destroyed, which was equivalent
to a complete loss and that the company
could not claim deduction from the $4,000
named in the policy. The supreme court
upheld this view.
American life insurance companies are
said to be doing good stroke of business
in China.
\ \
When the Continental Life of Hartford
went into the receivers hands some ten
years ago the assets were over 81, 000, ,000
Out of this amount there has been realized
for the policy holders less than $500, ,000
and on September 1st the last dividend, s
per cent, is to be paid
\
The plate glass compact for Chicago has
not yet materialized. The prospect is said
TO be good for an early agreement, how
ever.
y y
The Bankers Mutual Casualty of Des
Moines has been admitted to Minnesota
under the new burglary insurance law.
4 +
The fire loss in California from 1876 to
1896 twenty years. was sos. 106. .2SS, equal to
one-third of the entire gold output of the
state.
The herald., 1897-08-24
LES HERALD. TUESDAY MORNING, AUGUST =. 1897

tirely in specuations in Americans; in the
past month. / send these details, not to
give the idea that there is any strong bull
movement in Americans, but to show how
complex are the currents, and that it must
not be supposed that the American market
is not attracting much attention here, be-
cause 1t certainly is The Paris discount is
easier today. but the London market is
very unsettled. Discount business is al
most at standstill, pending developments
In the wheat trade and the action of other
factors bearing on New York exchange.
Some people believe that the scant response
of the Baltic wheat operators today to Sat-
urday's American grain market may mean
an advance in European exchange rates.
South Americans are steadily improving.
Kaffirs were dull, closing at about the low
est prices of the account.
The Paris and Berlin markets were
steady.
The herald., 1897-08-24
The Beet-sugar Situation Today

me American Agriculturist says: But
ior the hawaiian uncertainty the new
sugar tariff would be fairly encouraging
to farmers and capitalists wishing to en-
gage in the domestic industry. The new
IA" proVioes no bounty for the domestic
producer but by allowing the free admis-
sion of sugar from the islands gives the
Hawaiian monopolists a bounty of more
than 1R cents per pound This and tbe
danger that the islands will be annexed
by action of congress next December are
the influences that retard the rapid de-
velopment of our own beet sugar industry
These influences will be felt most strongiv
on the Pacific coast. In the central and
middle sections of the country the sugar
trust is the main factor to be reckoned
with. 1t is evidently favorable to the
multiplication of factories for produciny
raw domestic sugar, but opposed to plants
that will refine their sugar. The trust
wants to retain its monopoly of refining
and VIII make great efforts to do so. A.
matter of business, however it makes no
dinerence to the trust whether 1t refines
domestic or imported raw sugar. pro-
The herald., 1897-08-24

good fancy, with the bulk of sales at 4.7o
@5.20. Exporters were fair buyers of the
better class of cattle. The stocker and
feeder trade was active at strong prices,
with sales largely at 4.00@4.25.
Hogs-Sales were at 3.55Gt4.15 for COM
mon to prime hogs, the bulk going for 1896
@415, while pigs sold mostly at 3.S0d4.15.
Sheep were wanted at 2.50@400 for infer
Tor to choice. western rangers selling at
3.0O@3.65. Feeders took a great many range
sheep at 3.50a355, and killers paid S.60d3.65.
Lambs sold freely at 3.50@5.10, feeders
bringing 4.0O@425.
Receipts-Cattle 1900; hogs, 1884, 600;
sheep, 1900.
The herald., 1897-08-24
Money Quotations

NEW YORK. Aug. 23.-Money on call,
easy at 1@11a per cent last loan H. closed
offered at 11a per cent; prime mercantile
paper 3%Q4 per cent; sterling exchange,
weak, with actual business in bankers
bills at 4.S51s4.s5a4 for demand and at a. $685.
@4.s31a for sixty days; posted rates 4S4lh
64.S504. .S61a; commercial bills 4.S21aT4 SO;
silver certificates, 521s
SAN FRANCISCO Aug. 23.-Drafts.
sight, 5; telegraph, ~.
LONDON, Aug. 23-Consols lip Ills.
The herald., 1897-08-24
Liverpool Market

LIVERPOOL, Aug. 23.-Close; Wheat
No. red western winter, firm SIS 3D.; do
No. red northern spring, firm, SIS 4d. Corn
American mixed spot, new, 3s cd; old, IS
61ad; September, firm, 3s SID; October,
firm, 3s SID. The imports of wheat into
Liverpool from Atlantic ports, As, 400 quar-
ters from Pacific ports none; from other
ports, 20O0 quarters. The imports of corn
into Liverpool from Atlantic ports, 6l,3OO
quarters.
The herald., 1897-08-24

The Dos Passos scheme of forming A.
great loan company does not make any
progress toward naturalization. On the
contrary, says American Investments crit
icism is coming to the surface that seems
likely to put it out" If we may credit
the French writer Essais, the Credit
Foncier of France does not appear to be
able to meet the desired end. He says:
by the mortgage loan system of the Credit
Foncier, a great impetus has been given
to the building of large cities, and the loans
to communities have largely encouraged
the prodigality of municipalities. AS the
capital of the whole of France, drained
by the premium bonds, has been thrown
into the cities, and principally into Paris
1t has come to pass that the country pop
ulation has fiocked to the towns. There
during the progress of great public works
they have found high wages; but they have
remained, notwithstanding the loss of en-
ployment. The institution has not been
able to realize in any large way the hope
that it would cause the rural mortgages
to vanish. Its scope hardly reaches the
agricultural acres at all, and it's influence
there is almost nothing. For the purposes
of loans to cultivators of the soil, the
Credit Foncier formerly conducted a dis
tinct branch, the Credit Agricole, which
SoiiiPiSeeiy AoiCO " PSilOlll Wldl was eX-
pected of It,"
\ + +
The RandMcNally Bankers Monthly for
August arrives in a new dress, which is
a great improvement geographically on
Its former appearance. For convenience
1t has been made up in the standard maga-
zine form, the decrease in the size of the
pages being compensated by an increase
In the number. The Bankers Monthly is
n,,1xr bo1I
financial publications. but has made dis
tinct advance in its new departure which
reflects the highest credit on it's enter
prising publishers.
4 \ \
Electric cabs plying for hire have made
thelr nrst appearance on the streets of
LONDON August 10, 1897. Let it be recorded.
\ \ \
Ine Steinway Piano company has sold
out Its foreign and domestic factories to
an English syndicate for Sc, 100000.
The herald., 1897-08-24
ON CHANGE
What Was Done Yesterday on Wall
Street

NEW YORK. Aug. 23.-The stock mar
ket today shook itself free from the heavy
restraint which was imposed upon 1t dur
ing all of last week and bounded upward
again. Today the large dealers who threw
their holdings upon the market last week
TO realize bought back stocks in enormous
volume and brought the level of the mar
The herald., 1897-08-24
Visible Grain

NEW YORK, Aug 23-The visible sup
ply of grain statement compiled by the
New York produce exchange is as follows:
Wheat. 16729,O00 bushels: decrease, $4,000.
Corn. 2l.956.00O bushels; increase, 3,449,0O0.
Oats, 900 bushels; increas, 1,325, 900
bushels. Rye, 1,675.0OO bushels increase,
1879 600 bushels. Barley, $4,000 bushels; de-
crease, SOC, 900 bushels.
The herald., 1897-08-24
Silver Bullion

NEW YORK, Aug. 23-Bar silver, 52;
Mexican dollars. 397s.
SAN FRANCISCO. Aug. 23.-Bar silver.
52zs; Mexican dollars, 44A@44st.
LONDON Aug. 23.-Bar silver, 241sd.
The herald., 1897-08-24
Dried Fruit Prices

NEW YORK, Aug. 2S.-California dried
fruits quiet and steady. Evaporated ap-
ples-Prime wire tray, 51a per pound; wood
dried, prime, So; choice. 6; fancy, 6R.
Prunes-31a67la. Apricots-Royal, 7171a;
Moorpark, S19 Peaches-Unpeeled, COS.
The herald., 1897-08-24
Incorporation

The Merchants Oil company incorpor-
ated today with a capital stock of $40, ,00O
divided into 100 shares, the full amount
being subscribed. The directors named are
Simon Maier. Martin c. Marsh, Adolph
Ramish. Moses A. Hamburger and Otto
Sweet.
The herald., 1897-08-24
Treasury Statement

WASHINGTON, Aug. 2S.-Today's state
ment of the condition Of the treasury
shows: Available cash balance, 1921, 1862, ,543
gold reserve, SAB 1853, 1856.
The herald., 1897-08-24
Boston Quotations

BOSTON, Aug. 23-Atchison, 15% Bell
Telephone, 2371s; C. B. & G., 971s; Mexican,
5A; San Diego, 12
The herald., 1897-08-24
Petroleum

NEW YORK, Aug. 23.-Petroleum was
dull.
Pennsylvania crude, no market; nomin-
ALLY, SIC.
The herald., 1897-08-24
Real Estate Transfers
MONDAY, Au


c. and S. Moore to j. l.. McIntyre--Lots
and A. block l, B. M. Ames subdivision
of Glassell tract $500.
Long Beach Land and Water company to
Mrs. E. D. Talbot-Lots 21 and p, block 5S,
Long Beach; 5000.
Paul H. Blades to E. Long-Agreement to
convey lot 10, block II. Electric Railway
Homestead Association; STA.
E. f. and ]. M. Henderson to Mrs. L. A.
to convey part lots 20,
&c, 27 and 2s block 81, Long Beach; 5000.
M. ]. and f. Fl. Howard to j. Steneman-
Block SIS. Clearwater; $3.50.
j. H. Parker to J. H. Thurston--Lot IS,
block S, Garvanza addition No. 1; $1,000.
NJ. S. and II. E. Reed to Nauerth & Cass
Hardware company-Lot 36. block 2, High
land tract addition No 1; s400.
Summary
The herald., 1897-08-24

People in Los Angeles who can give em-
ployment out of school hours to needy
students at the university, either ladies or
gentlemen, for board or wages, will confer
a great favor by notifying President Geo.
w. White, University postoffice. at once.
The herald., 1897-08-24

For dynamos. motors and electrical sup
plies see Machinery and Electrical COM
pany, S51-S53 North Main street
The herald., 1897-08-24
Cash QUOTATIONS. were as follows

Flour. quiet; No. 2 spring wheat, 9669S;
No. 8 spring wheat 9O696; No red, 900
100: No. 2 corn 30%; No 2 oats 1914; No.
2 white, f. o. b., 22d24: No. white, f. O. b.,
2O1s@221a; No. 2 rye. SO; No. 2 barley, nomi-
nal: No. 8. f. o. b., 32GI43: No. 4. f. o. b., 2SG
80; No. 1 flaxseed, 113d1.14; prime timothy
seed, 2.75; mess pork, per BARREL S55QS GO;
lard, per 100 pounds, 4.65; short ribs sides
Ooose). 5.1565.40; dry salted shoulders
(boxed), 5a5h short clear sides (boxed),
51sG5ss; whisky, distillers' finished goods,
The herald., 1897-08-24

market. Buyers were willing to bid up to
SS. and in extreme cases to SO, for Walla
Walla, while valley and blue. stem were
quoted at 91M92
The herald., 1897-08-24
Mining Stocks

SAN FRANCISCO, Aug. 2S-The official
closing quotations for mining stocks today
were as follows:
The herald., 1897-08-24
Bond List

NEW YORK, Aug. 23.-The following
were the closing quotations on bonds to-
6qV
The herald., 1897-08-24

SALES.-Wedge 500 at As; Rand Noun
tain, 5000 at 8; Pacific Con-, $1,000 at III
Lucky Star, 1000 at 1; Val Verde, 1900 at g.
200 at 3A.
The herald., 1897-08-24
Chicago Live Stock

CHICAGO, Aug. 23.-Cattle--Sales were
on basis of 4.25 for common to $50 for
The herald., 1897-08-24

Nearly every one of these banks has in
creased its resources since the close of last
February. In some cases the increase is
quite marked. The nearest report to the
above date last year was for July 3lst. The
number of banks reporting is the same as
then, but the Union Trust company was
then classed as a savings bank. The Mar
ket-street bank. which reported 307 in
resources last year is not now in the list.
The sixteen commercial banks reporting
for July 81, 1896, gave their combined re-
sources at $67. Ills, 619.51. So that the net gain
in live resources for the past twelve months
has been $659, 900.
The herald., 1897-08-24


The bank commissioners report of these
banks for July "a 1884, shows the items
consolidated as follows:
The herald., 1897-08-24
MT AIN STREET SAVINGS BANK.

Junction Of Main, Spring and Temple sts..
(Temple block). Los Angeles.
Officers and directors: T. l.. DuQue,
President; /. N. Van Nuys, Vice-President:
B. v. Duque Cashier; H. w. Hellman.
Kaspare Kohn, H. w. O'Melveny, ]. B.
Lankershim, o. T. Johnson. Abe Haas. w.
G. Kedckhoff.
Money loaned on real estate. Interest
paid on term and ordinary deposits.
The herald., 1897-08-24
Stock Exchange Quotations

Los Angeles, Aug. 23, 1897
Following were the quotations on the Los
Angeles mining stock exchange today:
The herald., 1897-08-24
The deposits for July "a, 1897, are annexed:

y \ y
The gain in deposits for the past twelve
months is much more noteworthy, as the
following comparison shows:
Deposits, July 81, 1896. ...... s27 7O9. .939. 90
Deposits, July a. 1897. 81 945 $685. 80
Increase ............ ............ $4 236, ,050.1O
The herald., 1897-08-24
OFFICE OF THE HERALD,
Los Angeles, Aug. %, 1897.

LOS xaHSCicS, nus. 80, io''s
Energy, constant industry, good memory
and equality of temper are what man
needs to make a fortune-they are better
than capital.
4 y
There are eighteen commercial and ten
savings banks In San Francisco. Two of
the former are national banks, and are
therefore not under the jurisdiction of the
commissioners. A statement of the condi-
tion of the savings banks for July oath
was published in this column a few days
ago. The aggregate resources of the six
teen commercial banks reporting to the
state commissioners show a considerable
increase since the previous report of date
February 27. 1897. The figures are as fol-
lows:
Total resources July "a. 1S97... .$6S, 874 l9o SO
February q, 1S97................. 62,71S, io'.sS
The herald., 1897-08-24
/ os ANGELES SAVINGS BANK.
2o0 N. Main St.

JE. Platter, Pres; NV. Hellman. v-Pres.s
w. M. Caswell. Cashier.
Directors-I W. Eellman, ]. =. Platexs
H. W. Hellman. I. w. Hellman. IT,. W.
M. Caswell.
Interest paid on deposits. Money to loan
on first-claas real estate.
The herald., 1897-08-24

Net increase .................... $500, os7.s'