New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-07
PUBLIC UTILITY NOTES..

The report Of the West Penn Traction
and Water Power Company for the, year
ended September 30, 1912, shows large
gains in gross earnings the statement
TINS year showing an increase of nearly
$4,000 over the statement Of last year,
the increase being equal TO 376 per cent.
The net earnings also show a large in
crease, which will probably be even bet
tered in the future, several acquisitions
of new properties having been made dur
ing the last year. which properties are
belrg placed rapidly upon the same eco
nomical basis of operation as the West
Penn system.
The detailed earnings statements OF the
West Penn Traction and Water Power
Company and subsidiary companies for
years ended September 30, 1912 and 1911,
are as follows:
1912. 1911
Gross receipts .......... 500. 521 50, io7 215
Operating exp. and taxes. 1885, 1886 1,O54,953
Net earnings ......-...s1,3 63, 524 s1,O52, 262
Fixed charges
Interest on bonds
Of West Penn
Traction Co. and
subsidiary cos.
from Sept. 80.
1911, to Sept 80,
issued ..:.......,s SCISSORS
Amt required to
annun p on s.
10000 preferred
stock OF the
Co. .....'....... 1850
pay p. c. per
625,pOO q p. c.
cumulative pref.
stock Of the w.
Penn Traction
s463,45l s311,s3
The Standard Gas and Electric Com
pany which is the largest holding COM
pany Of the H. NJ. Byllesby & Co. inter
ests has issued statement Of earnings
for the year ended September 90 1912.
The statement shows gross earnings for
the period Of 81, 19O, PSI and net earnings OF
81, 1898. After the payment Of bond In
terest and dividends on the preferred
stock at the rate of per cent, surplus
of sSS,163 for the year remained, this
being an amount equal TO more than
per cent on the common stock outstand-
ing. Standard Gas on September 80 had
outstanding the following:
Common stock NEUTRALITY-SUSPICIOUS.. 1898 l6O
Preferred stock ...............'.s.' IOsl ~
Bonds NEUTRALITY-SUSPICIOUS., 1O3oooOo
AS is quite well known the Standard
Gas and Electric Company was incor-
porated in Delaware in 1870 with author
itv TO own securities in public service
and has acquired stock,
bonds and other securities in other COM
panies:
A little more than year ago the Red
River Power Company. Grand Forks,
n. D., succeeded in inducing the Fairchild
Fuel Company TO install an electric motor
for the operation of a saw, displacing a
gasolene engine. Recently the company
received letter from the fuel concern
the cost of operation by cleo
tricity with the cost Of operation by gas
olene. The letter in part follows:
Gasoline power September 5, 1910, to
September ., l9u.
Cost Of gssoene $ So 20
Repairs and batteries. .......-..'''''''' oocO
r.., ...............s rs 10
The average cost Of the gasolene was
Is cents gs sas a. C cenfs Si c wUHo
Electric power was used from Septem-
Der 8. 1911, TO September 5, 1912.
Cost OF current 20
REPAIRS. fuses and brushes. ............. 40
No., .........:.So7 II
Work on the underground system OF the
Western States Gas and Electric Com
many. Stockton, Cal, has been completed
-;.L .ha excentIon NJ laterals and cable
pole connections. This work, however
will be finished within short time.
october 10 $3.50 feet Of cable had been