The herald., 1897-08-17
Los Angeles, Aug. 16, 1897.

Columbus ........................ S559, ,697 20
French Savings bank........... 1,625, III As
German Savings and Loan So
ciety ........................... 25 601. .221 AZ
Hibernia ACKNOWLEDGEMENTS. &c. $50 645. "a
Humboldt ........................ 1854 .955 SO
Mutual .......................... 2,657, ,966. Is
San Francisco Savings Union. 90 O35 S52 ~
Savings and Loan.............. 5275. 213 10
Security Savings. gs................ 3142 sos 63
California Mortgage and Saw
ings bank. Observation-Disclosures. 527, $50. As
Total deposits. 800 800 765 40
February 9Th. h.................. 100 049 O95 II
+ + +
Comments in the foreign financial nress
upon the condition of the Spanish treasury
under the stress of it's colonial wars in
Cuba and the Philippines assume even a
more unfavorable tone than in the past,
says Bradstreet's. 1t seems that the capi-
talists of Spain have once more responded
to the appeals of the government and have
subscribed with apparent alacrity for the
new per cent loan of 200 600, COO pesetas or
S40,0Oo,0O0. guaranteed by the customs of
the Philippines and by the royal treasury
al Madrid Half Of the issue was offered
In Spain. and it is stated that five times
the amount was rendered in the various
cities of the peninsula. 1t is, however
pointed out that, as in the case of the
apparent success of the last Cuban war
loan. the Bank Of Spain has, after all, to
bear the burden of these transactions
That institution, according to a Madrid
authority, took the first half of the former
loan, and while the balance was ostensibly
subscribed by the public, it is charged that
the entire amount of S0O. coo, 600 pesetas.
or $50, 200, 900, is held by the bank partly
on its own account and partly as security
for advances. The burden is one which
the bank cannot get rid of, and to raise it
additional note issues were necessary, so
that paper deprecated and the gold pre-
MUM rose from 211a to S0A per cent. The
same authority claims that the same will
be the case with the new Philippine loan
and ends up by declaring that the facts
cannot but force Spain into actual bank
ruptcy, such result being merely ques-
ton Of time.
+ = +
1t is reported that the Carnegie Steel
company has taken orders for 200 600 tons
of steel rails for export, 100, COO tons for
England, $4,000 tons for Russia and sc. 900
tons for China The orders aggregate a
value of s4,ooO,OOO.
1t is announced that as the result of
numerous conferences held in New York
city and Cincinnati, O., in the last six
weeks a trade agreement has been effected
that includes every important spirits dis
tilling and distributing interest in the
country. The object is to manage and
conserve the spirits industry and to super
wise production and prices.
The Glucose trust, particulars of which
appeared in this column a few days ago, is
getting down to work. According to the
dispatches the property of the Chicago
sugar Refining company has been formally
transferred to the Glucose Sugar Refining
company of New Jersey for the considera-
tion of Sc, 900 land other valuable con-
siderations.' The plant consists of an
enormous sugar refinery and glucose fac
tory which have been in operation for
twenty-five years. Two deeds have also
been filed at Peoria, ILL.,, transferring the
Grape Sugar company to the Glucose
Sugar Refining company of New Jersey.
The consideration of the one is $1175 900
and of the other 100000.
y + +
The Siberian railroad is making business
for the lumber interest on this coast The
Oregonian announces the Glenturret. a.
new steamer of 1926 tons net register now
at Shanghai, is chartered to load lumber
and ties on the Columbia for Vladivostock
cargo was shipped from Blakeley last
month and much of the timber and ties
for Shanghai are said to be for same ac-
count.
A boom In California mines, bringing in
capital for prospect work as freely as it
was pitchforked into South Africa and
Westraia, would according to the News
Letter 'be followed by some of the most
astounding discoveries of gold ever heard
of in history
The Portland Cement company has re-
sumed operations at Cotton. According to
the Cotton Chronicle. the owners of these
works have invested 100000. and expect
soon to give employment to forty or fifty
men. 1t is the only concern that manu-
factures the Portland cement on the Pa
enc coast The capacity is 800 barrels OF
lime or 300 barrels of cement daily. bar
rel of cement. weighing $50 pounds. from
the Cotton works. sells for $3.50, while the
foreign article costs $3.50 Lime is sold t
Cotton at s1.25, and the foreign article
sens at $l.15 per barrel. 1t is claimed that
In the yearly tests the Cotton cement has
stood IA pounds to the square inch
The Commercial Review of Portland
gives the export of wheat from the Column
bia river for the cereal year ended August
lst at 4,Gol,eh centals; flour 749 544 barrels
FROM Puset sound-Wheat, 1.7G3174 cent
ais; -four 567,S06 barrels: or total from the
north of 6,1512S6 centals of wheat and
1,320565 barrels of flour. This. added to
the exports from California, gives a grand
total of 16,22O,7s5 centals of wheat and
2.4509j2 barrels of flour. The flour con-
verted into wheat and reduced to tons
gives as the export from the coast for
1862 total of LIPS, 6s2 tons of wheat.