The San Francisco call., 1913-11-13
LOCAL AND GENERAL FINANCIAL AND COMMERCIAL NEWS
NEW T managing
TO BUILD A CITY
West Sacramento Company
Puts Out an Issue of Con-
vertibIe Notes

~ Univ tuV$@S
TO complete it's vast reclamation
bank of the Sacramento river opposite
the state capitol, new financing has
peen arranged by the West Sacra-
mento company.
This is the project of which E. q.
Pelley of John Fowler & Co., Lom-
pard street. London, who arrived in
san francisco few days ago. made
the statement that it is the most won
seen anywhere In the world. In the
interests of his firm Mr.. Pelley has In
spected similar projects in all sections
Oh the the giohD and he is therefore @ re.
sacramento company mas fully re-
claimed 1920 acres of fertile river
land with valuable river frontage OPP
of Sacramento BY two railroad and
general traffic bridges. The company
Is now improving the river frontage
and building an industrial and resi-
Dental city.
To further the development of its
modern city project the company an
nounces new issue of per cent nve
year collateral trust convertible gold
notes. These are secured by the COM
pany's general mortgage 6 per cent 20
year gold bonds in the ratio of $4,000
par value of bonds to $1,000 per value
Of notes. They are dated september
10, 1913, and are due September 15,
1918. The notes are convertible at par
on or before September Is, 1915, at
the option of the holder, into West
sacramento company general mort
gage per cent 20 year gold bonds at
$3.50 for each $1,000 bond, with five
shares OF West Sacramento company
stock, par value 500 per share. They
are offered at s9s and accrued interest
E. r. Lilienthal is president and
Louis sloss & Co. fiscal agents of the
West Sacramento company
BRIToNs WILL CONTROL
Upon arrival in New York from
London yesterday Captain John Bar
neson. vice president and general
manager of the General Petroleum
company of California. confirmed the
company by British syndicate head
ed by Andrew Weir.
Though he was not prepared to an
nounce the basis of exchange of old
stock for new, Captain Barneson said
that the reorganization will give the
British stock holders SO per cent
standing in the company and he inti-
mated that IL was probable the Brit
ish interests would end by obtaining
more than majority of the stock.
At the offices of the company in this
city no further information as TO re-
organization have been heard this
morning. A telegram had been re-
ceived simply announcing Captain
Barnesons arrival in New York.
X
WESTERN PACIFIC TRAFFIC.
Western Pacific railways traffic is
gaining. steadily In the fiscal year
ended June 80 last the company did
the largest gross business in it's his
tory, and net earnings after deduc-
tion of expenses and taxes were the
most encouraging Vet reported. In
the current year consistent gains are
being reported over the results of
last year. In the fourth week of Oc-
tober gross revenues increased $29.-
900, or 1915 per cent, and for the
month Of october the gain was s55.--
500. or S.S per cent. For the period
from July 1 to October 81 the in
crease over the corresponding four
months of last year was $262,000. or
ia per cent Total gross for the
s2.2s6.ooo in 1912. Present gross
earnings are at an annual rate Of
s7,500,o00.
WESTERN MORTGAGE COMPANY
The statement of the Western Mort
gage and Guaranty company of Cali
fornia as OF November l follows:
Contingent assets s 332. 81 .S3
Contingent liabilities .....,...... ss3. ora 04
c.pl5S Sa5sl's stock 10000 '''' $50 2
Surplus overall la
bilities .--.-.---... 9,I39.2e
Surplus as regards certificate
holders $449, ,S39. 20
X
UNION PACIFIC'S BIG MONTH
A special dispatch to j. C. Wilson &
Co. says that October was the largest
month in the Union Pacific's history
exceeding October, 1912. by a large
margin. This month promises to do
relatively as well. Traffic Director
Winchell says: Union Pacific is one
of the finest properties I have ever
seen, and we are having all business
we can handle comfortably. / never
saw agricultural conditions better at
this time of the year"
TO SELL WATER PLANT
sThe railroad commission today
granted authority to the Indio Light.
Water and Ice company to sell it's
water utility plant in Indio. Riverside
county, TO II. +. Gard
FRESH FISH
Fresh Fish fcleaned and iced (. O. b. prices.
per lb)-Haiibut, lie; carp. &c; catfish, 121
121dc: Goldfish, Sc; red rocks 12iac; black
rock, &c; barracuda, Zoe; soes. &c; sand dabs
Sc; sea bass. 12l5c: tomeod. 10c; shad, &c;
sardines. Sc; white bait, 12iac; perch. Sc;
Humboldt salmon, 1IMl21ac.
HAMS AND BACON
San Francisco quotations this morning on
| hams and bacon are: Primrose hams. 1912
bacon. 40, soc. eastern star hams. 1912
2IIkc; do 1914. 1tac; eastern skid hams 2sc
/ do 1916, 2lt2c; eastern star bacon, 4-6 2gc
do 6s. 2sc; do $40, 2Tc; do 1912 zoe. mon