New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-04
PUBLIC UTILITY NOTES..

0
/ Power and Transmission Company, Hamil-
/ ton, Canada. by Sir William Mackenzie and
/ Sir Donald Mann. the dominant factors IN
| the Canadian Northern Railway, gives TO
/ the new owners one Of the most important
/ public utility enterprises OF the Dominion.
I The Dominion Power and Transmission
| Company controls thirteen subsidiary cor
pOrations and dominates the traction.
! electric light and power field in large
| territory II does all the street railway
/ and interurban business I'm Hamilton and
! surrounding district. and all the electric
! lighting and power business IN Hamilton.
4 ST GATHERINGS and the intervening terri
/ tory
! Tho central power station Of the COM
| pany. located near tie Lake Ontario out
/ let Of the Weland Canal, Is one OF the
model electric plants Of the country. Water
| Is taken from the canal. and more than
42.0p horsepower Is generated The cur
rent r. carried on high tension trausms-
/ sion lines 60 ST. GATHERINGS. Hamilton ana
"a number Of other cities and towns in that
| section Of the Dominion.
The company operates % miles OF street
| railway I'm Hamilton and s. miles OF IN
terurban lines. Tho company has a capital
zation Of s. s22.j00 common, $1,000 limited
preferred and g. 100 preferred stock out
standing. with a funded debt including
bonds Of subsidiary companies OF s. 900
| The Hamilton Cataract Power, Light and
Traction Company, its principal underlying
| corporation, has S2.S95.7oo per cent pre-
ferred stock Holders of the common stock
Of this company received the limited pre-
I T.. Il
! troll of the company up to the present time
/ has been held in Hamilton.
Western subsidiaries OF the American
Telephone and Telegraph Company appear
10 be making larger gains In earnings than
are those east Of the Mississippi River.
The Pacific Telephone and Telegraph Com
pany for May shows even a better rate ~
gain than did the Mountain states Tele-
phone and Telegraph Company,
| Gross revenue of the Pacific Telephone
and Telegraph Company for May was 81
JO5. i93 compared with &1.257,477 for the cor
responding month Of 1911, an increase Of
s24S0le. Net earnings for the month were
s379.55I. compared with S279 10 for MAJ,
1911, an increase 81 SlNo.122 For the five
months ended Hey 81, 1912, net earnings
were S1,6S67l7, ~ against Sl,369e5S for the
first five months Of 1911, gain of s2s7 go.
This IS an increase in net earnings OF about
q Der cent for the FIVE months
The Northern Ohio Traction and Light
Company has placed $4,000 8 per cent
preferred stock, the balance Of the recently
authorized issue of Sl.s4O.cOO which was not
taken by It's stockholders. with a syndicate
OF brokers I'm New York, Toronto and
Cleveland The stock will be offered at 1G
and accrued dividends.
The company now has 100000 Of pre-
ferred outstanding in addition 10 this issue,
making IN all s2,640O00 Of preferred. The
81 $4,000 was issued for the purpose Of
building a 20,O00-hOrsepOwer central power
station, doing double tracking and making
other improvements, TO cost I'm all about
s. 10000 The remaining cost above the
issue of 81 5000 of stock, under the order
If the Ohio Public Service Commission
must be paid out Of earnings Under the
order of the commission the stock cannot
he sold AZ less than par and stockholders
took $4,000 Of 1t at that price.
The company, which operates 2l5 miles
nf electric line. in addition to doing large
lighting and power business. Is showing
steadily increasing earnings Gross earn
tnrs grew from 81 509,O6O in 1867 to S2,69i 02i
I'm 1911 while net earnings increased in the
s,,,e time from S3Oo.063 TO $50 46J. Earn
,nps Of the company for May and the five
months ended May 81, 1872, were: