New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-23
PUBLIC UTILITY NOTES.

The Kings County Electric Light ana
Power Company, as result OF the rate re-
duction from July 1, on basis of 1911 busl-
ness would suffer loss in net in 1919 OF eloo,-
Ono 70 $4,000 However. business Increased
so much In the first four months OF 1917
that SIS, 100 has been gained for DIVIDENDS.
At this rate ss35o0 would be gained by
July l.
Lower rates should bring in addltionai
business. AS consequence the company
selling its electricity at lower rate TOT
half the wear. will, barring unforeseen de-
velopments. have a larger balance for dlVl-
dends at the close Of 1919 than was shown
at the close Of 1911. namely, 1924 per cent
In four months Of 1912 the company
gained SOB 273, or l42 per cent; IN operating
revenue. l42 per cent or sSI,Ao IN net 10 eo.
expenses, taxes and depreciation ana soo'o'''
or "a 9 per cent in surplus for dlVidenos'
The international Power and Manufactur-
ing Company, OF Washington, Will oeshi
construction work this summer on plant
on the Pend dOreille River, in the north-
eastern part Of Washington, designed u
devotion lG0 COO horsepower, according 10
report from Spokane.
[
used in the construction Of the dam which
will food Box Canyon above Metaline FANS
and back the water up eighteen miles, max
ing the canyon navigable the year arouhu,
T. "a eypected the development OF this power
viii Immediately cause the railroads 10 run
into the district between Metallne aus d"'
the International boundary
Owing to voluntary reduction in rates
the Laclede Gas Light Company the nrst
three months of 1912 showed loss In gross
net and surplus as compared with the same
period Of 1911. -,
For the three months ended March 81
last the I.aclede Gas Light Company
earned surplus over charges ana pre-
forred stool; dividends equal 10 2l' per cent
or the $40. 900 outstanding common STOCK
This Is Al the annual rate OF about M per
cont Therefore. IL the company. during inc
remaining three quarters TO pc Reporter
for the current yea, shows AROUND W.
/ g, mo volume OF business there VIII DE lei'
~, Substantial balance of surplus avail
obIe Tor the common stock for the twelve
months.
The earnings OF the TrI-City Railway ana
rIgb, company for the fiscal year ended
december 81 last. we're substantially higher
than In the previous year and AFTER Weet'He
the regular per cent dividend on the pre-
| fsrred stock there was left a balance avail
ohle for the common equal 10 A5i per ceh'
on the 100000 outstanding, as compared
/ with S.61 per cent in the previous year
! Gross and net returns OF the Tri-Clty
| bava enjoyed noteworthy development DUR
! ing the last FIVE or six years and clearly
reflect the importance OF the recent acqulsi-
! tion Of the company by the United Ligh'
and RAILWAYS Company. Of Grand Rapids
| Micb The property was organized on
} March 81. 1906, since which time IL mas en-
! ioved a YEARLY improvement In earnings
! those for 1911 having established new hlsh
| record both for tho gross and net
For the frst time in it's history the Ed
uonton street Railway. public ownership
| enterprise. has shown a surplus; The Apri'
| report showed net earnings or Sl''W'
The Republic Construction Company a
subsidiary OF the Republic Railway ana
Light Company. controlling lighting ano
electric plants and trolley systems IN anu
around Sharon, Penn has been authorized
10 Increase its capital stock from So" 20
/ e. 90 no The company Will carry forWar"
, iunortant improvements Ia us pl1PtIss' is
/ Peccntly stockholders authorized "A oonu -
F., sue OF some S5,WO'V'
Tho Commonwealth Edison COMPANY
counsel has Informed the Chicago 'HS
councils Public Utility Committee thar
49, n,o-yoor rate expires July 81. not De
ccp,her 20 as the authorities propose am
! 49,, tho counanv need not accept nnilnhs
~ civ experts without approval Of Inv
Probate Court.