The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-11
indianapolis sentinel.

I
| ity stock receipts quoted on the New York
stock exchange? In answer 10 the above
| question frequently asked by hanks. trust
| companies and investors generally, the fol
| loving statement Of facts is respectfully
submitted. The earnings FOR the
last two years have becn as follows tNo-
yemhcr and December, 1871, estimated:
1881. 1892.
Net earnings . s2.SS9,709 40 s2,729,9i2 id
Interest ..... 1oS5l00 90 1,cii25o 90
surplus .... i,S54 900 - 1,6S5tg2 Al
In five years there has been cx-
pended for extensions and betterments the
sum of SPIT 9S5.4i, all OF which has been
paid out Of the earnings except the pro-
ceods of the sale of $3.50 600 bonds, which
ditures for extensions and betterments
made prior TO the year 1891. There
are six large gas works in operation. and
two others ready for use, capable Of man
utacturing 10000 600 cubic feet Of gas per
day, all in perfect condition. with ample
real estate for enlargement thereof"
As matter Of necessity the profits of the
company are the profits on gas manu-
featured and sold and Professor Bemls
proceeds TO extract from official documents
The cost Of making aud supplying gas. He
begins with 1857, and shows that Mr.. James
~ va .,"s"Iti OF tue 'hlca
20 Gas Light and Coke company for the
th'riy-five years ended in 1887. made oath
III court that his company had been putting
gas IN the burner at a total cost of 81 cents
per thousand feet. and by ceiling at 81 had
be making during the two or three ye1rs
prior TO 1857 . per cent on the cost Of the
piGst. ne next introduces statement
Cop,,ns.,,aIE ctro, ,teM iuIh plnahciai ana
1NSS signed hi. ~, cut, - ~. AIoe s 10.
through lis then ,,ra.iin,,t ~ 's eU'ipTny
New York stocx evcban,o ,.,,,';.,a ne
statement from this colnnany h,scro ai,a,,.
ing it 10 list its s95 600 oS6 ot ~. a.lVT
nafes Preside,,, Is. o, gas certi'l-
49,. h.a -, "a ~ 9,ite" thht the com
5so7l meters and aOS52 street lamrs. 'l We
men continued
GFass receipts ............,...$S. Us. $50 80
Dperating and other expenses
u"hu interest not included. 1.6i4,21S 81
r.or nls'a an the operating and other ex-
y .lSoS oy me ,otsi sales Of gas gives the
- = 80 PIT thousand .c@t in the bur
ne. IN lSs' at 6i.ii cents. according 10 the
tho first half ~ I iSss on 10 say that during
- ~, ,,tS' nan OF iANN there were sold 300
.u"'c ,eet' at total cost for oper-
a rbI1 m and other expenses Of SS5, sso.so
te, tbous ar ~, e net cost of Goa cents
'''''Sl'" i'e''
+rt,. ,
LUIS uecrVaslng cost OF the manufacture.
is shown 10 have been CONTINUING IN ,soo
by a further Official statomor, ,,.h,.,.
Ma. ., ,e~s 's' DIS follows; In
ra,s GO Tue Hloago Gas Light and
stock exrba,'so " az 'i' 10 me New York
$50 49, '''N nv iiNt Noh-,N Vu o.
gold bonds In maxine, or,,Iio,. t,.. r. .vul
privilege the followino S,.to,,,,, 'V'' iur Inls
ing eNpenses for 800 No., ~ y, uPeIat-
then president of tho cor,,f,,,,. nv" ny the
manowski; IL - 'er@-
p,,no,,,, r,e>,, go.
r,.,, '' 1885,
Gas SOLD feet ..,... ........ / 500 2l1 3es
cross receipts. $50. -. ...$2. POS SOY s.
IFVldt'hs expenses -. -. SS4 sos 10
cross prohts on gas ...... J. Bra 500 II
hecelpIs from other sources. So BOP 20
Iotal profits ...... ........$l. 40g.21t 81
iald clty OF Chicago as per
contract ... .. ..... So. S70374 ts
Bond, interest and taXes. 4S7 1fT az
Total -. 80. ..... ....... s557541 70
surplus earnings -. -. -. SS5l go az
Mileage Of mains, Jan. |, 1898. oq7
Meters IN use ,.... ......,....... ,So
fhhlc lamps ... 80. ... ....... 7l4S
"A few computations quickly reveal the
fact that the average operating expenses
were 1895 cents thousand feet delivered
IN the burner, although the 'recoipts fran,
other sources reduce this to 2.Os cents,
This computation, however. does mot in
clude taxes. Chicago in nd5,,.o,
tIng r,s a. ., -. ~ seU'
"h H'N ~ - per thousand receives by
contract small percentage of the rross
ular taxes. Professor pemis ,rei,,t "s ies-
- So '"'iSNN' III hUollpr portion of