New-York tribune., 1913-11-27
PUBLIC UTILITY NOTES.

AdVices from Pittsburgh state that the
stockholders of the Oklahoma Natural
Gas Company. have authorized bond
issue of S30OO.OOO The proceeds Of this
sale viii provide for the purchase of the
Caney River Gas Company. the Usage *
Oklahoma Gas Company. the Oklahoma
Fuel Company and the natural gas hold
lngs of the United Fuel Gas Company.
and to pay floating debt of the Oklahoma
Natural Gas Company. Practically all of
the properties operate i'm the Tulsa Geld
and are controlled by the Braden inter
ests. \ meeting will soon be held Of the
different stockholders to ratify the mer-
ger
Pacific Gas and Electric Company.
The Pacific Gas and Electric Company
reports gross earnings for the month OF
October OF $l,Sl5, ,227, as compared with ST.
1851 for the same month last year, an
increase Of 1886 per cent. Net earnings
for the month We're $527,56O, as against
Al6497, a gain of 1896 per cent. The total
net revenue for the month amounted TO
1862 74j. as compared with S4i5,45S for Oc-
tober last year. an increase of T9O per
cert.
Mobile Electric Company.
The Mobile Electric Company has made
an increase of 157 per cent in output OF
electrical energy since the management
of the property was assumed by H. NJ.
Byllesby & Co., in 1906. This has been
accomplished with an approximate in
crease of only is per cent in population
served and an increase of 80 per cent in
number of customers. The company was
organized I'm May, 1906, combining two
electric companies which were formerly
engaged I'm competition. When the man
agement was assumed by II. NJ Byllesby
& CO. the output of the combined com
panies was averaging $1,000 kilowatt hours
weekly. For the week ending November
10. 1913, IL was 2l6,2lS kilowatt hours Dur
ing the last year the company has in
stalled new coal and ash handling ma
chinery of the latest type in the power
house, which has enabled reduction III
the operating force and produced better
coal economy. This has decreased oper-
ating expenses materially and the in
crease in net earnings has been greater
proportionately than the increase in gross
earnings.
Federal Light and Traction Company.
The report of the Federal Light and
Traction Company for the month of Oc-
tober improved over the previous month
when decrease in gross was exhibited
Of S9,665 and In net of s270H. Although
gross earnings for october increased So
ll9. there was decrease of s6.l9S In net
For the ten months ended october 81
gross earnings were 81 .9O9.siS as compared
with 81, 1874 for the corresponding period
of last year, while net earnings were
s7SS. .203, as against S73O6i2. an increase OF
$50. .G6l. The following reasons were given
by the company in regard to the reduc-
tions I'm the net earnings for the last two
months:
"nD The conflagration at Hot Springs,
Ark, September ), 1913, resulting In the
loss of the generating station, the tenn
porary loss of over 10 per cent oil tho
electric. water and gas consumers, the
discontinvance of electric light, power ana
railway service for a period of several
weeks. and the Inauguration Of emergency
service. with resultant increase in operat-
ing expenses. The Hot Springs companies
are rapidly recovering from the ehect Oh
the fire. and the gross earnings Tor Octo-
ber show an increase as compared with
October Of last year (9 The decreased in
come of the Tucson Gas, Electric ana
Power Company under the new rate
schedules ordered by the Arizona Cor
poration Commission, effective September
]. 1919. 80 The extraordinary expenditures
in connection with rate cases before the
Arizona and Missouri Corporation com
missions GD The large increase in the
taxes of the Trinidad company Imposed
bv the Colorado State Tax Commission.