New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-26
PUBLIC UTILITY NOTES.

The United Gas and Electric Corporation
has been completed and has an authorized
capitalization of $20,ooO0O0 common and S2J.-
100000 preferred stock, OF which SS3S0.OO0 Of
common and Sl,6G5,27O of preferred has been
issued. OF the preferred, S75oO,OOO is re-
served to retire a like amount Of notes, and
1864 $50 is retained in the treasury. The
preferred stock Is per cent cumulative
from date of issue until July ], 1915, when
ii becomes Z per cent cumulative. The com
pany also has an authorized issue of 81
10000 per cent convertible three-year
notes of which $780, 900 has been issued
These notes are convertible after April T.
1914, into the preferred stock Of the COM
pany at par for par
The new corporation has acquired the
properties formerly controlled by the Sus-
quehanna Railway, Light and Power Com
pany. the United Gas and Electric Com
pany, the Lancaster County Railway and
Light Company. and also the Harrisburg
Electric Service Company. the Houston
Gas and Fuel Company. the Consumers
Electric Light and Power Company, Of
New Orleans, and 100000 Of the common
stock OF the International Traction Com
pany, OF Buffalo. Estimates of earnings Of
the new company are 81 10000 gross income
for 1912. with net earnings Of S9S5,OOO and
balance Of s3i6,OOo. or As per cent on the
common stock. after preferred dividends
The officers and directors Of the company
are George Bullock. president; r. p. Girls
com and :. J. Dill, vice-presdents; Henry
Morgan. secretary and treasurer; NJ u.
Evans, assistant secretary and assistant
treasurer other directors are Harry Bron-
ner and NJ. w. Dodge. Of New York Sam
uel insult, of Chicago S. G. Durham, Of
Hartford, Conn; w. W. Griest. Of Ian
caster. Penn; John S. jerks, jr., Of Chest
nut Hin. Penn: G. Il. Shaw r. NJ. Potts.
Robert l.. Montgomery and John Gribbel,
Of Philadelphia
The New York and Queens Gas Company
reports for the first three months Of 1917
gross earnings Of si9s0i, against sH,7O6 for
the first quarter of 1911. gain Of slightly
over II per cent During the first three
months Of 1912 49, 500 cubic feet OF gas
we're sold, against H,379.SoO cubic feet IN
the first quarter Of 1911.
The New York and Queens Gas Company
IS controlled by interests identified with the
Consolidated Gas Company of New York.
but is operated independently. It does the
entire gas business Of the Sd Ward OF the
Borough OF Queens and includes the towns
Of Flushing, College Point, Whitestone and
Bayside. The total population served IS
now in excess Of 5000 and increasing rap
idly The company has outstanding $4,000
of first mortgage bonds, OF which $4,000
are held in the treasury Of the company.
The Public Utilities Company has been
incorporated under the laws OF Indiana
with capitalization of 81. 10000 per cent
preferred and 100000 common stock The
company also will have an authorized issue
Of 100000 per cent first and refunding
bonds
It Is said tn he the plan 10 have the new
corporation take over the Evansville GndD
Public Service Company. which was re-
Gently formed by the merger OF the Evans
Vile aud Southern Traction Company and
the Evansville Public Service Company,
together with the Evansville Gas and Elec-
trio Company. The latter company IS con-
trolled, through the ownership of its capital
stock. by the Evansville Light Company,
and the stocks Of the latter corporation are
owned by the Union Railway Gas and Elec-
trio Company, which controls several pub
lie utility corporations In Illinois and In
diana.