The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1897-07-22
Office OF THE HERALD,
Los Angeles, July 81, 1897.

OF1CE OF HERALD,
Los Angeles, July 81, 1897.
The Circular of Henry Clews of New
York ander date 18th inst. says:
There has been some setback to the
hops entertained two weeks ago of the
maintenance of a strong bull market
through the summer months. The realiz-
ing of profits has run further than was
expected, and those who wanted to lay
I in stocks, including operators of import
ance, seem to be in no hurry about buying,
but prefer to take their chances on the pos
sibility of u quiet market between now
and the end of the recreation season. In the
meantime, there are no new conspicuous
elements of stimulus to give prices fresh
vigorous upward start. The tariff ques-
ton has ceased to be live issue, and the
completion of the bill may be the occa-
sion of as much realizing as buying. The
great coal strike is a matter about which
Wall street cannot be Indifferent, and
were it not that the professionals hesitate
to take chances upon such tickle risks, the
ssbears" would probably have been free
sellers upon this interruption to an inn
portant branch of industry with its hurtful
bearings upon other branches of trade
Under these conditions the speculative
market lacks interest for the moment but
has lost none of its settled firmness and
all the indications are favorable to steady
and well-sustained course of prices
through the summer.
The organization of a tin plate trust is
thus treated of in an Eastern journal:
American manufacturers of tin plate are
trying to organize a gigantic trust with n
nominal capital OF $20OOo0Oo, this amount
10 De increased II the formation of the trust
goes through There are 1S9 tin plate mills
IN the United States, all of which are to
,..I a,,,..1-...,. "''7
a., =, ooo -. '"''
,a, m. ga "" o'' VI
...,a, ,... -, - ~ '0'i0 - w"
,r,. rSI.. - = " ~ ,''''' "o'
-. 80. me- "'',' ',ii '"e peneh's VI
'''ie' anu 'iie Ia 'ei i'isls. upon
80 q ""eoiei
.r,. i''0 o'i'l'a''S
ar,ono ~ ,,s.,.,,eao,,,.sna ~.
"iio"s Tue manufactures Inc only way
10 harmonic the tin plate manufacturers
is by purchase. Personally, 1 think a
Moses will spring up who will accom-
nlish If and before lone Tho onnortu,it,,
= 10 -. ,,,, - 1.1', ~
10 a. Pieoeli1 q I'LL
ference OIL from oo cents 10 10 cents between
the domestic and the import price, which
the trust, if formed would proceed to
annibiIata In its oanaoi+v &c oho,,+ 49,
1aa,,;ost ,,sou 80 49,, IN ~.
u'ei Vi s.ee' oiiiets Ill 'Ae country
such trust couid gam the cooperation
of the huge steel plants in crushing pre-
sumptuous people who ventured to start
indenenden+ mills - svmn+o,,s Of 1obor
-. - ''ip '0ii7 =. ''''o-
,ouoie' NeO"iiie eNioeil. Two mohthes ago.
Inc tonnage men earn ~ a day man, but
their work is unusually hard and calls |
for a high order of skill"
F. d. Kilburn, superintendent of the
banking department of the Sta+e Of Nau,
York reoon+1,, .f1oa his ro,,rt 80 a.,
' VI 'ie
SAVINGS Jams VI thal stale LOT the year
ending December 81, 1896. Despite the hard
times, these institutions seem to prosper
and II must he that their denositors
,,ros,,or &c o,, MI, -,
90 "ei' Ne'0 mas "een
steaug increase III resources during
the past three years of general
and universal depression. Possibly
such increase may be the result of the
depression. by diverting funds into these
banks that could not be profitably en-
ployed by the owners Whatever the rea-
son, the resources have been augmented
from year to year. The aggregate re-
sources of these banks for January /, 1897, |
were SS12.173,632, a gain of $167. 246 1906 for |
the calendar year Of 1896. The deposits in |
creased $26 600 900 last year.
A curious fact about this increase in de-
posts is that over 500 600 900 of the total
was reported in the first six months of the
year. The Withdrawals in the last six
months of the year were nearly as large
as the deposits. The superintendent at
tributes this state of affairs to the feeling
of uncertainty in financial matters pending
the presidential election. 1t is known that |
49, We leaNy Withura"ais OIL money
- T.; -, 80 ne itu'iVlIs an over t,le
- " ne iast H''il VI tHe year anu tue
~ n p"hn' piouhplS uiu NOT escape.
,ar,- " -, oo ueposi'Uis IN tne savings
1ooz ~ 1ee oe cea'e Oh we ISL VI January,
800 j." a. - oo'oo' lhis - elusi 20 - per
, en. " nc en'lie popuia non Inns IS very
Hisin PluPoi 'ioh: II Is an the more
tsa, wnen IL Is taken uhder con-
So "'ioi, 'ilat mere are ~ counties III the
So. $50 "a NV VI ~ Wh,ch there is not
SllSlt iHStllutlOl VI lIlS KIM.