New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
PUBLIC UTILITY NOTES.

According 10 a report recently made on
the industrial development OF Italy II is
interesting 10 note that large part OF
this has been in the way OF construction
OF hydro-electric plants, utilizing the I'm
mense water power in the Alpine prov
inces The report states that there are at
present 1900 hydro-electric generating sta
tons in Italy. having a capacity OF more
than 900 horsepower. Transmission lines
are being extended over the country and
the advent OF cheap and reliable power
has given a wonderful impetus TO indus
trial development in Italy.
Interstate Electric Corporation.
The Interstate Electric Corporation
has compiled a comparative chart show
ing the bonded debt per capita, and
fixed charge per capita OF the Interstate
Corporation as compared with nine other
representative holding companies.
Western Railways and Light Company.
The Western Railways and Light Com
pany has issued it's report for the year
ended December 81. 1912. as follows:
1912 1911.
Gross earnings .......... 81 267. go s2.02e. S34
Net earnings ...........+ Nfof@'' $500
Other income ........... 27.570 1880
Total revenue ......... $4,000 s773,el2
Surplus after charges 33d 6o2
Balance after prefd diVs )f6,jb'
The balance after preferred dividends
was equal to $50 per cent on the outstand-
ing common stock. es against S.E per cent
for the preceding year. The hydro-elec-
trio plant Of the Northern Illinois Light
and Traction Company was placed In OPP
Grafton during the year, and as result
gross earnings increased IS per cent and
net earnings 81 Ler cent over those Tor
1911. Properties purchased in 1872 were the
Mound City Water and Light Company
and the Jefferson City (MoD Light. Heat
and Power Company. The Western Rail
WAYS and Light Company furnishes cleo
trio light and power 10 twenty-four cities
and towns.
Idaho Oregon Light & Power Company.
REPRESENTATIVES Of bondholders OF the
Idaho Oregon Light and Power Company
Who dissented 10 the first plan OF reorgan-
,zation are recommending the deposit OF
the bonds under the amended plan. Ihls
will greatly facilitate the reorganization
committee in adjusting the companys
finances. The time for deposit OF the
bonds has been extended until June l.
and under the plan Of reorganization the
properties OF the Idaho-Oregon Light ana
Power Company will be owned In fee by
the Idaho Railway, Light and POWER
Company. which now holds the greater
part of the common and preferred stocks
OF the light and power company. Apou'
900 will be required to complete
the hydro-electric plant Of the Idaho
oregon Light and Power Company. ana
this money will be furnished by the Idaho
Railway. Light and Power interests.
Pacific Gas and Electric Company.
The California Railroad Commission mas
authorized the Pacific Gas and Electric
Company TO issue 10000 ten-year 6 per
cent debenture bonds recently voted for by
the stockholders. or this amount S''JoOo
u,iII probably be used to reimburse the
treasury of the company for expenditures
and the remainder will be used for I'M
movements. The debentures are con-
yertible into common stock on or before
June !. 1917, at $50 share between
rune I. 1917, and June /, 1919 at 700
a share; between June /, 1919. and June