The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1913-12-03
TEN MONTH GAIN
BY c. ". POWER
Almost Doubles Surplus Over
the Corresponding Period
in 1912

TEN MONTHS ENDING OCTOBER 81 1918
Gross operating income. ....... 81, 217, 9S7 "a
Operating expenses and taxes. 1872. 531. 76
Net operating income 81, 1925, 45e is
otner Income ......---...-.....- loS,Ss7 90
Net income from all sources. 81, 5s4, a44. IL
BONO interest .s-.....--...--.. 800, n
Surplus for 10 months, 1s1s.... 1924, 1876. 40
surplus Tor 10 months, 1912. $50, SAC. IS
Increase 1913 over 1912 1900 S2s3, $40. 30
GENERAL PETROLEUM DETAILS
Some details of the plan for the
company by an English syndicate, In
Guiding Andrew Weir, A NJ GrenfelI
and II. Tilden Smith. not given out by
resident de Saba or Vice President
been printed In New York newspapers.
General Petroleum. Limited, intends
to exercise the option on the Union
OIL company and 1t is proposed to
finance the Union company. Messrs.
de Saba and Barneson are to be re-
tanned on the board of directors of
General Petroleum, Limited, and will
California.
The securities of the new company
consist OF ordinary and per cent Gu
mulative nonvoting preference shares,
pany win have no bonded Indebted
ness for the present although the
agreement drawn up by the syndicate
states that the new company shall
amount not exceeding the preference
capital. The agreement provides that
the ordinary share capital shall not
exceed 100000. It is proposed to
shares. to be exchanged for the com
mon stock of the General Petroleum
company, of which there is outstand-
ing something like s35,000.o 900, In the
each share in the old company. This
Is equivalent to about SIS of new
stock for each 500 share of the old.
s. p. AND PACIFIC MAIL
According TO a special New York
Southern Pacific company is increas-
ing its holdings of Pacific Mail 1t is
further said that the forthcoming an
nuai report of the Southern Pacific
Will show the progress of It's absorp-
ton of the steamship stock
4
LOCAL STOCKS ARE WEAK
Associated Oil and Alaska Packers
stock was weak on the San Fran
cisco Stock and Bond exchange this
and the latter at 1925. Pacific Gas
and Electric preferred declined an
other quarter point. selling at 1915
and closing with. only SIS bid Cen
$500. though a single sale was re-
corded Listed bond sales totaled
$1,000 and unlisted half that. Listed
stocks transferred were 100 shares
and unlisted a quarter that.
EFFECT OF PRESIDENTS MESSAGE
Comment by local financial interests
is favorable to the presidents mes
sage. II is milder and more conserva-
tive than many had dared TO expect.
That It has been similarly received in
New York is indicated by dispatches
TO local brokerage houses, In which it
Is said that 1t has been greeted with
comparative indifference on the part
the document will not be an adverse
factor in the stock market.
RAILROAD EARNINGS
ST. Paul system for October-Gross,
decrease S1G3.600, net decrease s392s
300; four months gross, increase $14,-
900, net decrease $2,055. 900.
Chesapeake and Ohio for October
Gross increase sf07,S net decrease
$44oo, total income. decrease sas.669.
gross. increase $3a7.so0, net increase
$30,T0o. total income, increase S5I,500,
surplus decrease s79. 900.
Erie railroad for third week of Mo-
corresponding week Of 1912. which
was a record. From July / to Novem-
Der Il the gross revenues show
decrease OF slss.ooo, the total for the
ISIS ~, 900 in the corresponding period
OF 1912
Net operating revenue for the New
York Central and Hudson River rail-
1913. $25, 1S1.951, increase $2.066,383
Operating income of the Northern
Pacific for October. S3.965. 070. de-
crease $57S,334
operating revenue s2.347,026, increase
S107,64S
Louisville and Nashville for October
net operating revenue increased $319,-
PACIFIC GAS AND ELECTRIC
For the month of October the gross
revenue of the Pacific Gas and Elec-
trio company Increased over last year
1886 per cent, the net revenue In
income 1850 per cent, and the total
income before interest 27.9o per cent.
During the early months of the year
operations showed a heavy increase,
penses, maintenance and taxes gained
only al per cent In October over last
year. The report follows:
Gross revenue .s1.si5'227 sl.i g io 0s
operating ex-
penses taxes and
maintenance -. Isl, 667 100 S54 231
Net revenue. -. $751; s41s,4as 2eea
come .......... 42.1s5 2s.s5s $3.50
Total income. s. s0ea,74e s445.454 27.so
X 4 X
MURPHY OIL DEAL
Announcement is made that final ex-
change Of papers was effected Decem-
Der in the sale OF the properties of
the Murphy Oil company, comprising
3,7o0 acres OF oil land near Whittier.
to the Standard Oil company. Posses
sion was yielded to the Standard from
that a Ac hos hcap ta11