The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1913-10-18
BUSINESS RE VIEW
| SEES PR0sPE
Dun's Report Says Trend OF
California Trade Is One
of Expansion

IN their review for the current week
Of business conditions in San Fran
cisco and California. r. @. Dun q Co.
report that some branches OF trade
show fair degree OF prosperity.
while others appear to be less favored.
AS to the deep water export trade. the
general trend is one OF expansion. The
value Of the exports for the year to
date is in excess OF any previous year.
and 1t is believed that the gain al
Of the calendar year. when II IL ex-
pected the yearly total will show a
round 100000. 900. exclusive of the
value of shipments out of the state by
rail
On the other hand. the activity in
city real estate OF late has been less
pronounced. The sales for the four
summer months ending September 80.
show an aggregate value OF $10.S4s,-
500, a decrease of s2.1s2.o00 as com,
pared with the same time last year,
Loans on city real estate for the last
four months $12.619,4 400, q decrease of
more than $4,00o.0oo. Building per-
mits $7.6ls.soo. decrease Of SS%o.7oo,
AS to CalifoFntA crops. the report
says the weather has heen favorable
to fruit drying and grape gathering,
which Is some compensation for dam
age by the few days of excessively
hot. weather last month. The raisin
cries have been good buyers OF wine
Most Of the e crop 's II s California Ito hops
aa9 esn ssd s sa sG S apa Il
higher figures. This crop alone Is
estimated to bring $5.000.Q00 to the
growers. The rice crop in the three
northern counties 10 valued at ", o0Q,-
county at 7e, the highest in 20 years.
due to short crop.
Shipments OF dsctduous fruit over
land to close Of September totaled
10 carloads Of new crop oranges have
been sold for export to Australia, the
earliest picking on record Price for
No. soft shell walnuts has been fixed
az i6c. Or &c above opening price last
WEAK ON THE EXCHANGE
Stock ana bond transactions were
light on the local exchange for the
M sass s9sax e nGas today Besa
value. while stocks traded totaled
l.1el shares. These, of course, were
exclusive OF unlisted securities, the
movement Of which was particularly
Pacific Telephone and Telegraph SIS.
with sales OF sac, 900, mostly at 398z5,
though few shaded higher. Spring
Valley Water Is that opened the
ows =. sa ss's o esGsse IuartsF Pso
ciated Oil and Spring Valley Water
were the most active stocks, the for
mer with sales of $50 shares and the
latter with Isl shares The former
spring Valley dropped q point from
$63.T5.
GENERAL PETROLEUM REPORTS
Two dramatically opposed reports
concerning the sale q the General
the Shell-Royal Dutch interests were
received in San Francisco this morn
Ing. From Los Angeles came one that
President de Saba of General Petro-
leum had succeeded in his mission to
London and that the sale was prae-
tically concluded. Over the Byrne a
Mcdonnell private wire came the re-
port from New York that, though not
shsolpteiy broken, the big deal Will
added that in the latter event an as
sessment on General Petroleum stock
will be called The fact that the stock
went to $40 on the New York market
Sabla's mission. At the Offices of Gen.
eral Petroleum In this city it was said
no news had been received from Mr..
de Saba today.
s. ". WATER TO ISSUE NOTES
The Spring Valley Water company
has applied TO the railway commission
for authority to issue 100000 of 6
per cent notes, secured by 100000 of
Its per cent bonds. for the purpose
Of PAYING on mortssges On wsts g.
county and for the further purpose
of paying off indebtedness incurred in
the construction of the Caiaveras dam
in Alameda county.
WATER POWER PERMIT
A water power permit has been
granted by the secretary of agricui-
ture to the Truckee River General
Electric company, California COR
poration. under which the company
natl e IN n Various
fornia towns and cities. The COM
pany expects to construct seven reser-
voirs, five for water storage and two
for equalising the flow. Two Of the
Rubicon river. At each OF the two
plants there Will be a head OF APP
proximately 1900 feet. The company
expects to make an initial installation
which will develop 10000 horsepower.
which will be doubled as the market
for the product increases. according
to present plans.
STATE BANK CLEARINGs
Bank clearings as reported to the
California state development beard by
the several clearing house cities for
the week ended October Is, 1919. show
ing the amount Of increase or decrease
from the amount OF clearings for the
corresponding week OF 1919: