The San Francisco call., 1913-08-28
RAIL ROAD BOARD
UNDER RESTRAIN
Order Issued in Pipe Line
Case by United States
District Judge

Case by United States
District Judge
In an attack on the recent Califor-
MIA legislation, which attempts to
make all pipe lines common carriers,
| States district Judge, yesterday is
sued restraining order and an
order setting hearing in the case
brought by the. Kern Trading and
| OIL company and the Associated OIL
company, as stock holders OF the
! Associated Pipe Line company,
against the California railroad COM
mission and the attorney. general.
/ The restraining order forbids the
! defendants from instituting civil or
criminal proceedings against the AS
soeiated Pipe Line company or It's
! officers, until the further order of the
/ the railroad commission from pro-
| ceeding to investigate the status of
/ the Associated pipe lines. the hearing
! OF which. is set for September L.
|. Judge DDoling stated that he was
I not passing on the merits of. the con-
| troversy, but that he thought the
plaintiffs weres entitled to have the
status of the pipe lines remain the
same as it is now until the applica-
! tion for q preliminary Injunction
| could be submitted to three federal
| Judges. as required. by the federal
The hearing of the motion for a
preliminary Injunction is set for
| September 5. but it is believed
at that time as the law requires
the participation Of circuit Judge
in the deliberations. and the circuit
court of appeals will be In session in
/ the north during September. 1t is
expected that the matter will come
up for hearing in October.
n
To PAY DEFAULTED INTEREST
The United Light and Power COM
pany of New Jersey has issued no
| guaranteed collateral trust 6 per cent
4 three year notes, due December 1,
1914. that the semiannual interest,
which was defaulted June l, will be
paid on and after August 26. United
Light and Power Company of New
Jersey, subsidiary of the United
Properties company. controls the
United Light and Power Company OF
California.
TO PLEDGE BONDS
Permission was granted by the
railroad commission yesterday to the
| Southern California Edison company
face value of 100000 for the purpose
I Of making certain extensions in the
company's system The commission
heretofore authorized the sale of
condition Of the money market the the
| company found it desirable to pledge
the bonds rather than to sell them.
! SMALLEST STOCK APPLICATION
In the application of the Finnell
| Warehouse company of Tehama to
| issue 10 shares OF its capital stock
at par value of 81 per share. the
! railroad commission yesterday gave a
] hearing tn the Qn1QllcSf onnlt-
cation that ever came before it. The
stock is to pay for filing the COM
pany's articles of Incorporation.
The incorporators Of the company
are State Senator A. e. Boynton, A.
L. Dahl. H. G. Hill, F. c. Van Deinse
and R. K Barrows, each of whom has
subscribed for three shares of the
capital stock Of the company, repre-
senting per capita Investment by
the incorporators of SO.
| EARNINGS STATEMENT
For the fiscal year ended July 81 the Mis-
souri, Pacific system showed an increase in
gross earnings OF s7.652, 600 and an increase
In net earnings Of 81. 100. 700.
Power company for June were sac 0ss a de-
crease Of 81, the surplus was $4,000, an
increase Of $li ,3e2
were: Gross. $500 7e5. an Increase Of s5i, ,94S;
net, ss7,5l7. ar. increase Of s42.s2s.
| CRISP FINANCIAL BRIEFS
San Francisco bank clearings yesterday were
| 81, zoe, ,0ST Oh
A. L. Well. director and attorney for the
General Petroleum company, sent for by
wire yesterday to Join E. ]. dc Sable Jr.. presi-
dent OF that company, In the conference with
the Union Oil directors IN Los ANGELES.
The San Diego Home Builders, Inc, have
| nled application for a certificate permitting
| the company to install and operate water
system in the vicinity Of Angeius heights San
| Diego county.
| The Beiyedere civic association of Los An
Janss company, attacking the S25 meter In
stailation charge OF that company.
E +. Sawdey and other ranchers near the
towns OF Hughson and Ceres, In Stanislaus
| county. have hled a complaint against the
/ lighting rates and service of the Yosemite
Power company
The sunland Rural Telephone company has
asked the railroad commission for permission
to increase the toll charge for telephone serv-
ice between Sunland and Los Angeles.
CALIFORNIA HARVEST
The American National bank Of
! San Francisco has this to say of the
| California fruit harvest in its current
| financial letter:
| The fruit harvest In central and northern
California is in active progress with in
dications that the yield will fall somewhat
below that Of last year, notwithstanding a
! larger acreage. Prices are generally better.
however. and growers, except in few III
favored districts have little to complain OF.
Canning factories running heavily but are
! not taxed to capacity, having to meet the COM
| petition Of green fruit shippers. Shipments Of
fresh fruits from the beginning Of the season
to August 20 were 6,773 carloads, as compared
with 5z79 carloads to the same date last
year The output of dried fruits will be
smaller than last years, with prices higher.