New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-24


troller for the year ended September 30,
1912, shows that the total tax on public
utility corporations during that period was
s1.347.6S3 as compared with s1.210,0 52
for 1911, an increase of S137,631.
Advices from Boston state that the New
England Power Company of Massachu-
sets, controlled by the New England
Power Company of Maine. has voted TO
increase its capital stock from 81, 500. 900
I S3.250,000 by an issue of s1,75O. 600 new
preferred stock. The present capital OF
the company consists Of $4,000 common
stock and $4,000 6 per cent cumulative
preferred stock The new issue will bring
the total preferred stock outstanding to
S2,500,0OO.
The Montreal Light. Heat and Power
Company is contemplating an expenditure
of approximately 100000 for improve
ments and extensions during 1913. The
plans have already been approved, II is
said. for the erection of new gas plant
which will cost in the neighborhood of
| s.. 600, 900. This plant is not expected 10
be completed before the fall Of 1914 This
new addition will add t.. 000. 600 cubic feet
of gas daily to the capacity of its plants.
The cost of the gas plant will come under
the head of extraordinary expenditures.
The Citizens Gas Company of Indian
apolis is making private offering OF
! 100000 of the capital stock of the COM
pany. The net profits for 1913. according
| to statement by the company, VIII
amount to more than IS per cent on the
| 81 .O5O. 600 stock outstanding, or about 10
| per cent on the stock which Will be out
standing after the sale of the new issue.
| The company has been paying at the rate
| Of per cent on the outstanding stock.
| The report of the Citizens Gas Company
| for the wear 1912 shows gross earnings
| Of sS1O.255 and net earnings of S172,22i.
After paying off bond interest net profit
| of s13S.439 remains.
The KaministQuia Power Company has
advanced It's dividend from n per cent
| to per cent basis by declaring quar-
! terly disbursement of l Ia per cent. pay
able on February IS TO stockholders or
record on January 81. This is the second
| large Canadian hydro-electric power cor
poration to increase its dividend rate on
It's stock. The Shawinigan Water and
Power Company. which is controlled by
the same interests as the Kaministiqua
| company. was the first Of the Dominion
public utilities to increase its dividend.
The report of the Public Service Com
/ mission Of the Cd District of New York
! for the year ended June so, 1912, shows
that dividends paid on the common
! stock Of public utility corporations OF
| New York. outside of New York city.
totalled s3S, ,05S and preferred stock
holders received s929,j76 in dividends.
These figures do not include twenty -four
natural gas companies and thirty tele-
phone companies. which had gross earn
| ings of less than 1000 in the year.
Dividends were paid by 165 public utility
| corporations outside of greater New York
| TO their stockholders during the year.
| None of the electric railways paid more
than 6 per cent. while electric light and
! power companies paid from : per cent TO
| "a per cent Some gas companies paid
! from per cent TO 14.5 per cent, and the
combined gas and electric companies paid
! from per cent to 40 per cent. Natural
gas companies paid from : per cent to 60
| per cent and telephone companies paid
( from per cent to 10 per cent.