New-York tribune., 1912-11-19
PUBLIC UTILITY NOTES.

Since the organization of the Appa-
lachian Power Company, II. NJ. Bynesby
& Co. report that the securities of the
company have appreciated materially.
The original underwriting was placed on
the market at a price of 81. 200 a block.
consisting Of one 5000 bond, 500 pre-
ferred and $40 common. At the present
time the securities are selling: Bonds.
81 TO a; preferred, 70 to n; common, 2ps
TO 2oR. Since the completion of the sec
ond water power development there has
been renewed activity in Appalachian Sc
curities, especially in the preferred and
common stock
The business of the Appalachian Power
Company has increased steadily, the new
business department having already Sc
cured many large power contracts with
various coal operators, salt, gypsum and
other mines and factories, and a contract
covering the sale of power at wholesale
to the Roanoke Railway and Electric
Company for distribution in Roanoke
Va. With the business already connected
and that now being secured, it is evident
that the energy generated by develop
ments Nos. 2 and 4 on the New River
recently completely, having a combined
capacity of 5000 horsepower. will be en-
tirely utilized. AS is well known, the
company has three other water power
sites on the New River. High tension
transmission lines are being constructed
as rapidly as possible TO new communities
and mining operations At the present
time sub-stations have been constructed
at Roanoke, Pulaski, Bluefeld, Switch
back and Coalwood, and one is now un-
der construction at Saltville. The terri
tory served by the Appalachian Power
Company is rich in many varieties of
minerals, including iron, zinc, copper,
salt, gypsum, glass sand and the famous
Pocahontas coal. The availability Of
water power for use in connection with
the development Of these properties will
undoubtedly stimulate the industrial
growth 0f the district, which is we'll
adapted for the establishment of cotton
mills, woodworking plants and other in
dustries.
A report of the present condition OF
the Tennessee Railway Light and Power
Company has Just been issued by Will
lam p Bonbright & Co. which says that
the territory along the transmission line
between Nashville and Chattanooga has
been carefully inspected and found eX-
eeedingly favorable for new business,
This is, of course, a matter Of Importance
because the company already has the
means provided TO deliver power at these
points with a minimum of new cOnstruc-
tion, thus insuring large percentage OF
net from the gross receipts from such
business as may be taken on. A tour Of
inspection between Louisville and Nash
vile is said to have shown three mu-
inequalities within reach OF transmission
lines which afford a good market for
power. Along the Ocoes River develop
ments are said TO be most satisfactory.
An additional 50oo-horsepower Will un-
doubtedly be ready for installation by
January. A contract has been made with
the Aluminium Company of America call
ing for the delivery Of 20, O,CO0-horsepower,
which insures an immediate market for
the output from one development which
will be pushed to completion as rapidly
as possible. It Is now about one-half
completed and may reasonably be cN-
pected to 90 into operation by July next |
BY April ! Il is expected that the trans |
mission line between Nashville and Chat /
tanooga will be completed via Great !
Falls.