The San Francisco call., 1913-07-27
RUMORS DENIED
Of BIC ME- ERGE R
Report That Pacific Gas
Would Acquire Great
Western Power
City School Bonds in De
nominations for Small
Investors

Persistent rumors in the financial
district yesterday Of one of the biggest
financial combinations ever planned on
this coast were denied by officers Of
two companies concerned. THE alleged
combination affected the Pacific Gas
and Electric company and the Great
Western Power company, financially
two of the most powerful corporations
in California
According to the reports negotiations
have been under way for several months
for the requirement of the Great West
ern Power by the Pacific Gas and Elec-
tric company. The recent visit or a r:
Hockenheamer, second vice president
and treasurer OF the P. @. & E, TO New
York was said to have been partly FOR
the purpose OF interesting eastern cap
ftal in financing the deal.
NV trip to New York was solely to
raise finances for the Pacific Gas and
Electric" said Mr.. Hockenbeamer last
night. Il know nothing OF any nego-
tiations to take over the Great West
ern Power"
notwithstanding denials there was a
strong inclination in several quarters to
believe that a deal is pending between
the companies named.
BONDS FOR SMALL INVESTORS
An unusual opportunity is afforded
small investors to become possessors Of
city bonds in the Offering OF the bond
department OF the Anglo and London
Paris National bank. Beginning tomor
IN denominations Of 500. $500 and $1,000
city and county of San Francisco school
bonds Of the issue Of 1904. bearing y
per cent interest and to yield the IN
vestor 5A per cent net.
The Anglo and London Paris bank
has only s15o.000 of these bonds, and It
IS expected they will go quickly. The
maturities are in 1920 and two sue
ceeding years, with interest payable
June so and December 81. The 1920
bonds are at ssa.s IS. the 1921 bonds at
$3.50 and the 1922 at ss7.5s. The legal
ity has been passed upon by the su-
preme court OF California
CALIFORNIA; CROPS
In It's financial letter. issued yester-
dav. the American National bank SAYS:
Fairly good reports are heard from
the agricultural districts the grain
harvest In the Sacramento valley. being
somewhat larger than was anticipated
Shipments OF fresh deciduous fruits to
July % were 3.034l2 cars, as compared
with e.229H TO the same date year
ago The output of cherries and april
cots was below that of last year;
peaches, pears and plums are the varie-
ties now going forward. Grapes suffered
by reason of hot weather in the inte-
rior early in the month, and the crop
will be smaller than last years. About
1900 cars OF cantaloupes will be shipped
this season from the Imperial valley.
IS an illustration or the diversity or
California's agricultural products, it is
cited that Butte county, in the northern
end OF the Sacramento valley. will this
year harvest about Is. 900. 900 pounds Of
rice. also the cotton crop of the Impe-
rial valley. near the Mexican line. will
be about double that of last year
SACRAMENTO VALLEY AID
AS already announced in The Call
the federal government has commenced
the work of enlarging the outlet of the
sacramento river. Commenting upon
this yesterday member of the firm of
Louis Sloss & Co. said:
This acceptance of responsibility on
the part OF the federal government
means more to the Sacramento valley
land owners than IS probably yet real
lied. The provision of the act whereby
a district can be assessed insures the
carrying out Of the proposed plan, even
should the federal government fail to
appropriate moneys for that purpose
The federal and state governments
are both concerned in the Improvement
Of the river for navigation purposes
The river work will Involve the ex-
penditure of two-thirds OF the total
amount estimated for the carrying out
Of the plan. The balance can be raised
through assessment IN the district
The government plan proposes to
convey through the main river channel