The San Francisco call., 1913-07-17
". s. TEv|S DENIES
DELINQUENCY YARN
Asserts Positively That He
Did Not Throw Bonds
on Market
Holds S8OO,O00 Natomas
Securities Which Are
Not for Sale

Positive denial was made 10 The
Call yesterday by William S. Tevis'
Of Tevis and Hanford that large
block of Natomas Consolidated first
mortgage bonds had been dumped by
Tevis- -Hanford interests upon the mar
ket thereby depressing the price to
$50.
EQUALLY positive denial was made
that $4,000 Of these bonds had peen
held as collateral for Tevis- Hantord
notes interest upon which had not oeeh
paid at the maturity.
"Tt is not a fact that Tevis-Hanford
interests have thrown Natomas bonds
Nor is it fact that we have been
delinquent of single dollar In IN
Tbe total number of Natomas' bonds
sold by us in a single period covering
more than two months is less thah
so. Not a single bond has been or,
fered on the San Francisco Stock ana
Bond exchange. All the. sales have
been made privately and mostly 10
personal friends.
I'VE consider these bonds as good
as gold and our total holdings or
them are nearer $500, 600. than $500, 900
"All Of the bonds are in my. name
and / have no present intention or
selling any quantity Of them NV me ne
these has been sold to personal friends
was $50. but I would not sell another
one at anything less than $50
The story of Tevis- -Hanford ue-
linquencv seems to haye been inspired
10 injure our credit Indignantly as
serted Mr. Tevis.
have become due, though in a few
instances we have asked for and have
been given time. We are now abreast
of the situation and see our way out
Mr. Tevis added that the Tevis-
Hanford interests had sold small lots
of 19 different issues of securities,
hut had done so privately and eau
tiously as not to affect the mar
ket In the aggregate of sales there
had been no sacrifice He inumated
that his interests. If forced to. could
offer approxima tely $4,000 900 in bonds
OF various issues, but that there, was
no intention to offer any issue In large
blocks.
Mt. WHITNEY p. AND. f.. EARNINGS
The statement of the Mt Whitney
Power and Electric company for the.
month of June, shows gross earnings
for the current year OF approximately
$500, 600, and for the month: $4S,o 4.l4,
a gain of approximately 10 per cent
for the year and 33 1-3 per cent Tor
the month. The comparative state
ment rendered by the company to VIII
liam r. Stats company follows:
Cross e earnings andins June % s44 so5 90 IS
operatg cost and taxes dse 55s 90 253. 4 S64 2e %
Net earnings ......... pa s47 90 257,so9 SO
gain of IA per cent. in net earnings.
Month Of June 1912 1913
Operatg cost and taxes 1905 90 2, 900 .os
Net earnings .......... 2o156 90 %, ,s74 SO
gain Of 2s per cent in net earnings.
CITY BONDS AT PAR
y w. Halsey & Co. and f. II. Roll
Inns & Sons announce that the balance
of their second allotment of San Fran
ing about 100000, will be offered at
par and interest. In other words, the
financial syndicate handling the bonds
viii close them out at cost price.
DEMAND FOR o. A. AND E. BONDS.
Directors of the Oakland, Antioch and
Eastern railway already have received
subscriptions from stock holders of the
company for more than 5000, GOO of the
company's authorized bond issue of
their ability to sell the entire issue
10 their stock holders, in which event
the proposed assessment on stock viii
not be required
STOCKTON BOND SALE
Sealed proposals. will be received by
the board of supervisors of Stockton
August for the purchase of the bonds
of the Stockton high school district
authorized at the bond election June
3. These bonds aggregate SSS;00O and
will be sold as one lot or as several
They are of the denomination Of $1,000
each and are dated July l. 1913. They
will bear interest at the rate of per
cent per annum. The bonds are pay
able in the following manner: One
bond in two years, two bonds in three
years. five bonds in four years and
FIVE bonds each year thereafter up to
and including the twenty-second year.
X.
3. T. STOCK DELIVERED.
According to a Byrne & Mcdonnell
wire from New York. $4,000, 900 of
Southern. Pacific stock. held In the
treasury of the. Union Pacific; was Elk
changed Yesterday for S42. .0G0, 900 of
Baltimore and Ohio stock held by the
Pennsylvania railroad.
Z -.
ROCK ISLAND EQUIPMENT
Rock Island is now. receiving The
equipment for which. the $4,41O.OoO
equipment certificates were recently