The San Francisco call., 1913-08-10
NEW RECORDS IN
FRUIT SHIPMENTS
Last Years Figures for a
Week Already Twice
Beaten

Shipments of deciduous fruit. from
California TO the east are now at their
height. 1t was estimated by an official
Of the Santa Fe railroad Yesterday that
upward of 5000 carloads of fruit al
ready have been sent away. 1t is be-
lieved that the shipments are nearly
1900 cars ahead of this time last year.
According to Charles E. Nirden, gem
eral manager OF the California Fruit
Distributors. a new record was estab-
lished when 1,157 cars of California de-
ciduous fruits were dispatched east in
the week ending last Sunday. But that
record will be eclipsed in the week
ending today An official of the Pacific
Fruit express figured that for the six
DAYS ending last night 1.160 carloads
had gone away. The total for the
full week. he estimated. would be 1900
cars. The greatest number of cars for
any seven days last year was Sll.
For the last 10 days from loo TO goo
cars have been sent away daily The
shipment over the Southern Pacific
lines alone so far this season have
been 400 cars. The total for the sea-
son is figured at from $4,000 to 1900
been mostly peaches. plums. pears and
grapes.
e MARKET is IMPROVING
". P. Scott of Bond & Goodwin, large
dealers in commercial paper, said yes
terday that the commercial paper mar
ket Is decidedly better than 1t has been
There is no change in the rate, which
remains at sA and 6H per cent" he
said, 'but there is a marked improve
ment in the demand"
q OUR MOST PROSPEROUS YEAR
According to The Statist of London.
the last year has been the most pros
porous the American people have ever
passed any previous record for this
country. but also that of any other
country at any time In the worlds his
tory both actually and in proportion
20 the number of persons directly par
ticipating In the harvest" The adyan-
tsges Of this immense output of agri-
wealth have extended to all nations,
the American people having been able
to supply other countries with much
greater amount OF their products than
ever before The Statist continues:
The largeness Of their crops and the eatness
Of their exports, moreover. enabled the United
plies Of capital TO the extent they have done in
recent years Indeed, we calculate that for the
ss e n % many my yhos ~ The csnts teu
have required. 1t Is true they have placed con
siderable amounts Of securities more especially
short dated obligations. this side. but. on the
other hand they have purchased from Europe a
great many OF their own securities Of which the
continent desired 10 dispose in order TO finance
he large outlays resulting from the in the
Balkans. On balance the American people have
borrowed nothing from foreign countries in the
EXPRESS COMPANY REDUCTIONS
Officials of the express companies es-
innate that the reductions ordered by
the interstate commerce commission
will cause loss to gross revenues of
between 25 and so per cent, or some
thing like $42,000,000 to $4,000, 600.
Rate reductions range from to 80 per
cent and fall most heavily on the long
haul traffic. The basis of the classifi-
cation prescribed is that all articles or
merchandise of ordinary value are to be
carried at first class or ordinary mer-
schandise rates. All articles of food
ond class and are to be carried at rs
per cent of the first class rate.
MOVES ACROSS THE LINE
The Everett Pulp and Paper company
has been incorporated in British CO.
Iumbia with a capitalization of $780,
600. but the head office is located at
Everett in Washington. William How
arth is named as president and treas
urer. This is the first of the threat
ened movements of United States paper
companies into Canada because of pend
ing tariff legislation.
FINANCING IN JULY
Corporate financing. as a rule. de-
cltnes decidedly as to volume directly
following the middle of the year This
year. however, with $124500, 900 fnanc-
ing consummated in July. or only $780,
600 less than in June, has So far
nroved an exception to the rule Last
rear less than $50. .00O. .0oe financing was
lone in July. This change was due to
he fact that Investment conditions be-
gan Improving about the middle of last
month
For July and the first seven months
OF the year comparisons are:
Railroads ..... s55. .ooo. 600 ss7s. SOC. 1000 600
Public utilities ..--.. 2a.oOO.ooo 2ao,5oO. 900
More than so per 'Vs,r cent of u'0g'e the new
issues were put out in the form of
. notes as the following. table shows:
Notes ......... sss ooo. 900 s4ss. $3.50 .ooo. 700 900
aoeks Ronas t..----.. l5e - 500. 500 .ooo @ sos 100. 600
Among some of the corporate
hnaneings of interest in California were
The following:
Lai; Wine Assn bonds. per cent. 5000. 900
Suffer Basin notes. per cent. 2 2I5o. 600
: J. l. =. notes. per cent ...... l .S75 600
Western Power notes. per cent?. 10000
Northern Pacific notes, per cent. .10, ,000, 900
FINANCING HERE AND ABROAD
While capital issues in the United
States for the first seven months of the
year were s15S. 100000 less than in the
same period Of last year, in England
the same time was sf61, 200. 900 more
than in the previous year. Seven
months I. figures for the two countries
spectively Capital issues in Germany
for the first half of 1913 were 1922. $50, :
e wv or S54,OO0,0OO below the cOrre-
spending period of 1912. and less than
In the first half of any year since 1907.
EUROPEAN STAKE IN u. s.
The stake of Europe in the United
States, SAYS the Statist 'is now con-
stderably more than $4,000 000, 900. and
AT moderate estimate its stake in the
railways is upward OF $4,000, 000. 900. A
large portion of this is invested in
railway bonds, but considera Bile
amount is placed in preferred and COM
mon stocks. On the whole these in
vestments have proved highly remuner-
Duns Report says: While the num-
her of commercial failures in the
United States during July showed a
small increase over the preceding
month, with that exception there were
fewer suspensions than in any previous
month this year, and the record COM
pares favorably with the correspond
ing period of 1912. Thus total defaults
last month numbered 1,169, against
j,145 In June. 1920 in July year ago.
ll27 in 1911, 1.147 in 1910 and 1Io5
and 1882, respectively, in 1909 and 1908.
X n
COMPLAINTS FILED
These complaints We're filed with the
railroad commission yesterday: