The herald., 1897-10-05
OFFICE OF THE HERALD,
LOS ANGELES, Oct. 4,1S97.

OFFICE OF THE HERALD,
LOS ANGELES, Oct 4,1S97.
The real estate market in San Francisco
for the month of September is reported upon
as follows:
Actual sales of real estate are light and
fer small amounts, though inquiry is re-
D~rted to be fair September's record of
deeds was 1893. Two hundred and thirty
five loans were registered, amounting to
1,267, 1903. The releases recorded during the
month were $50 in number and were for
total 81, ,O53, ,343. Ffty-five building contracts
amounting to s251, ,5O665 were placed on
record.
Comparative figures for Los Angeles may
be found in this column of The Herald of
the Sd inst.
Judge Foster of the United States court
at Topeka KAN has just rendered decis-
ion declaring the Kansas City Live Stock
exchange to be an unlawful combination,
as shutting out competition and forcing
shippers to its terms In a somewhat re-
markable opinion he says that "the crying
complaint of today is the great tendency of
wealth to monopolize and control by trusts
tries of the country 1t must" he adds, "be
confessed by every thoughtful observer
that many of the so-caled stock and pro-
duce exchanges are among the most potent
instruments for the accomplishment of
these purposes by spectators and adven-
turers. Men who add nothing to the
wealth of the country grow rich or poor by
gambling on the wealth produced by 9TH
ers. Men are daily selling through these
exchanges millions of bushels of corn.
wheat or other produce who never expect
to have q bushel, and others are buying
millions who never expect to receive
bushel. Both sides are tampering with
normal prices fixed by the law of supply
and demand and attempting by false and
dishonest means and methods to serve their
own ends"
Says Bradstreet's: Owing to the disas-
trous cold period Of a few years ago. which
destroyed all the trees as we'll as the crop
of oranges in Florida, this variety of or
anges has of late been scarce in northern
markets. In it's place came the California
orange, Of which 1t is expected that 4,0O0.
600 boxes will be shipped east this year.
Many of these, especially the seedless ma
vel orange, will be exported abroad, where
they have been received with great favor.
Although the California fruit has held
forth for some time the Florida producers
have not relinquished their claim to the
markets in this country In fact, they ex-
pect as soon as their fruit, of which they
expect to ship 100000 boxes this year and
more than 900 boxes next year, reap
pears 1t will quietly take its place again,
but at lower prices on account of the
California competition.
4 \ =
A joint meeting of the Farmers club
and the raisin growers of Fresno county
was held at Fresno on Saturday afternoon
to discuss the situation in the raisin mar
ket. At the present time there is a ten
dency to a decline in prices OF raisins in
the sweat box. which is believed to be un
warranted by existing conditions. The
crop is undoubtedly short, and the grow
ers are united in the belief that an advance
rather than a decline in prices is to be
anticipated. The growers unanimously
agreed to stand out for present prices.
+ +
The San Francisco Chronicle says the re-
port of Internal Revenue Collector Lynch
shows a marked increase in collections
during the month of September. The
taxes paid amounted to $3.50, ,OS346 for the
past month as against 1851 900. 30 for August,
an increase of $2S413.16. The total col
lections for the quarter ending September
Both were $79S, ,432.S9.
1t is declared proved by the failure of an
expe. iment conducted by Paterson, N.
j., silk mill at Greensboro, N c., that silk
manufacturing in the south Is not fea-
,sible.
United States Consul Heenan at Odessa
Russia, writing to the state department
concerning the condition of the Russian
grain CROP says that the crops over an ex-
tensive area have failed. Samples of the
new wheat are inferior in quality and
weight. The yield is four to six bushels an
acre for winter and spring. Barley is discol-
ored and under weight. Rye is much dam
aged and will be under the average crop.
Oats alone are in favorable condition.
An agreement has been arrived at by the
manufacturers of plate glass whereby
there will be no cutting of prices in the
future. In consequence better times are
IOOkeu lOr III lile pldte glass lHuuStfy.
4
The San Francisco Bulletin gives the
following statement of business done in
the sale of bonds during the month of
September on the Stock and Bond ex-
change Of that city:
Range. Amt.
Edison Light .1301aG-- $4,000
Ferries & c. H. 6s.....107 o. 1000
Market st. Ry. 5s........ .1OS1k@1O9s4 $4,000
N. p Coast 6s............106 o. 10eO
n. P. Coast 5s............ 991a6-- 1S,O4O
Omnibus Gable 6s .......126 o. 5000
S. F. & N. P. Ry. 5s..... 1881 @1O3ha 900
S. P. of Arizona 6s ...... 9S1a@ 1914 $4,000
S. P Branch Ry 6s......1O6 @107ls 10000
8. V. Water r6s............11S O. 5000
8. v. Water 4s.........1 ...1O1A410lA $1,000
Total ........................... s274, 900
IN 1880 ..'.... 36S.OOO
The sales for the first nine months of
the year were 2,6390O0, against 81, ,S11, 900
for the same time last year and 81, ,247, 900
In 1895.
The sales of local miscellaneous securi-
ties at the same board for the month of
September were as follows:
Range. Shares