The herald., 1897-09-19
OFFICE OF THE HERALD,
LOS ANGELES, Sept. IS, 1897

OFFICE OF THE HERALD,
LOS ANGELES, Sept. 49, 1887
Upon the subject of the September bond
sales and offerings, the New York Bond
Buyer has the following to say: The Of
ferings of original issues of bonds by
inequalities for this month are uncommon
ly small. and the total sales do not prom
Use to reach the usual monthly average
for the year. The lots offering are numer-
Gus, but are generally for small amounts.
In fact, the sales for the first nine days Of
the month (s3, .2O6) exceed by million
and a half the total offerings ($1,94s,7 1927
for the remainder Of the month The Of
ferings are likely to be increased from
day to day, but it will be safe and wise
to expect a considerable decrease in the
months sales There is a very marked
scarcity Of new bonds offering, and the
consequence has been noticeable activity
In the sale Of old bonds held for better
market. Investors are not likely to be
able for some time to secure good lots at
any lower prices than those which now
prevail.
This Is how things are viewed in Boston,
and is from the Herald Of the list inst:
"The uses of quicksilver have increased
SO largely in recent years that imports
of the metal are considered possible ne
cessity Of the near future. Mining con-
sumes a good deal. but mechanical and
chemical arts are fast becoming a great
absorbent of the metal. Tin foil has sup
planted quicksilver in the construction OF
all save the highest grade Of mirrors.
There is said to be only about 1000 TASKS
q 76h pounds net in the country a reduc-
ton of two-thirds in a comparatively brief
period. The price has risen quite steadily
and appears not to have been checked.
These facts are of important advantage
to Boston's quicksilver mining properties,
the Napa, Aetna and New Idria The first
named is said to be earning at the rate of
$12, 900 net per month, and the last named
two-thrds as much. The New Idria has
lately enlarged it's territory by buying the
lode and territory between its old workings
and its San Carlos mine. giving 1t good
mile of well nigh virgin ground Good div
idends and an accommodating surplus ap-
pear to be in sight for all of these proper
ties. There is no speculation in the shares
of either of these companies and 1t is
doubtful II any reasonable bid would bring
the shares from investment boxes. The
management of the properties Is industri-
al, not speculative"
Petroleum in the Dutch East Indies.-A
great deal of capital is being invested in
the oil fields of the islands of Sumatra and
Java. Last May the East Indian Explora-
ton company was organized at Amster-
IIotl orA nj al nf
5000 forms, to develop tract of oil land
comprising $4,000 acres in the resdency of
samarang, Java. On an area of 5000 acres
which is explored so TAR, more than 40
natural oil wells were found. Experts en-
trusted with preliminary investigation rem
dered a glowing report as to the produc-
tivity of the oil field. The latter Is located
In the districts Of Singendul, Singenlor
and Manggar of the residency named, in
the immediate neighborhood of the rail-
way station Of Telewa, the railway inter-
secting the field at several places. The
Petroleum Maatschappij Moera Enim,
which was organized recently at Amster-
dam with a capital stock Of 10000, 900 flo
rims, is the successor OF syndicate formed
in 1885, and composed of the Bank of Paris,
the Berliner Handels-Gesellschaft of Ber-
lin and Messrs. Labouchere. Oyen & Co.
cured concessions on large tracts of land
in the residency Of Palembang, Sumatra.
=
OF the 38 cotton factories at Fall River,
Mass, employing $22,1SS 900 capital, 25
passed their last quarterly dividend, ow-
ing to unsatisfactory returns of business.
The thirteen that declared dividends for
the quarter pay s11045O, which is less than
one-half Of one per cent on the amount
invested in the combined plants. One of
the mills paid per cent, another per cent
five ~ per cent and six per cent for the
quarter.
One not intimately acquainted with the
export business of New York would never
guess the diversity Of articles exported and
the many distant countries to which they
are sent. There are surprises a-plenty to be
found in reading over batch of outward
manifests. For instance, who would i'm
agine that New York sent pins to Portu-
guese Africa, or machinery to Paisley?
These two items appeared in a weeks re-
port of export business Of New York, be-
ing the week ending August II last
American bicycles go the world over
nearly. consignment of wheels to Abo
Russia, started an inquiry into this sub
Ject In one week bicycles were shipped
from New York to foreign ports footing
up the very handsome sum of $4921f
In looking up the bicycles 1t was found
that typewriters were being sent to many
places. Look at this exhibit of destina-
tions and values: Argentine Republic,
$500; Antwerp, 1856: British Africa, $685.
Berlin. $1035; Brem erfayen, $3.50; Brussels
1854; Australia, s76e; China. $3.50; Central
America, $50; Glasgow, 5000; Hamburg (sup-
plies). $1S; Havre (supplies). SIPS: London
$756l; Moscow, s1375; Mexico. s1O6 New
Zealand, $50; Rotterdam $4S3; Southamp-
ton. s25. glimpse of business methods
In British Africa is seen in consignment
Of s25,2Oo worth Of cash registers to her
majesty's possessions in the dark CONT
nent. Cash registers were also exported
to Amsterdam, $500; Bremen. s473S; New
Zealand, $55; and Southampton $780,
To Japan were sent locomotives invoiced
at $1S65S0. and steel nails worth $4,000.
Smyrna sent for 500 worth of bicycle ma
terials. Rotterdam took four sporting
boats worth 5000. Some one sent four
cases of clocks, worth $50 here, to Siam.
What the use was of sending s9S empty
barrels to Hamburg does not lie on the
race of things, but they were sent, value
billed at s545. New York carries Goals to