New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-09
PUBLIC UTitaTYA NOTES.

DIVIDENDS OF Ia per cent Will DC pan"
! March 10 to holders OF record on feoru-
airy Is on the preferred stock of the ioi-
lowing Byllesby companies: Muskosee
Gas and Electric Company Arkansas
Valley Railway, Lie ht- and Power COM
psny and Securities Exchange COMPANY.
A dividend. Of = per cent Will he paid on
March Is for the quarter ended February
rs to- holders of prs)srred- stock OF the
STANDARD Gas and ElsctriG' Company
Appaiaehisn Power Company.
1t is -stated that tbeAppaiachian Power
Company iwill secure contracts for 20
horsepower within the next Few days. The
contract With the LOUISVILLE and Green
brier Mine has been renewed for another
year. This involves 400 horsepower. ana
the operators expect TO increase the pres
Snt installation by 100 horsepower WITHIN
d month. The Indian Ridge Coal and COKE
Company VIII. soon have ,cornccted its S'-
horsepower, motor installation. contract
for which has been Secured by the Ap-
pslachian Company.
Kansas City Railway & Light CO.
NOtillllH mas DFfn OllNldilN "''iN'''rN'
by the bankers handling the reilnancinG
OF this property. but as IL Is necessary 10
do something 10 take. care. of the ohliea-
tons coming due in- two months 1t IS
known unofficialy that all arrangements
have beenp made. The last of the fundcd
debt of the Kansas CITY Railway and
Light Company becomes due this year as
follows: S..42. 60 Metropolitan street Rail
.&.iN.of KansasrU City freo mortgage o. due
Nav 1918; $l0220I0 Kansas City Rail
WAY .apclN high. js. due MAY H. 1917. IN
issue OF s. stc.Ho Kansas City Railway
and Light IS. due.Scptembe?, 1872, became
due en that date. but were extended al :
per cent. The banking houses Interested
in the new reiinancing arc as follows: j..
T. Morgan CO. ;'Lee. fIigginson 60;
Kuhn, Loeb q Co.. Blair & Co, the NJ
tional City Bank and the New YORK trust
Company. There i another bond winch
is said to figure in the new REMAINING
and that is the Kansas City \iaduct and
Terminal 4l,s the last ssIc OF which vas
IT T. This property has Tain dormant for
the last few wears on account OF the Net
ropoltan, Street Railway Company dis
continuing running the cars over the wa
duct. II has a bond issue of aboIi S5.tcotv'
and the rumor rs that tine Metropolitan WIZ
resume running cars over the structure
and in some way guarantee .the interest
on the bonds Tic earnings for 1872 ~
the Kansas City Railway and Light COM
pa.y showed surplus ot 1880. after
paying all interest charges
United Traction Company
The Public service Commission Of INC
I'd District, New York, has received the
repor, Of the United Traction CompanN
which operates in Albany and Troy. ior
the Quarter ended December u. l"2 The
statement shows cross earnings OF 500
60 as compared With Nsi!i.1 ior the cor
responding period of 1911. Net earnings,
after taxes, were s2lS,5iy, as against ,lj',-
$50 for the three months in 1911. The sur
plus after charges was slt2..ss. As com
pared with SS.3lj for the quarter in l"l.
an increase OF s9j.9S
American Gas and Electric.
The American Gas and Electric COM
neny has been authorized 10 purchase tho
property of the New Lexington Electric
Light Company by the ONO Public Ser
vice Commission. Several electric light
and power companies h5Ve Deem pur-
chased recently by the American Gas
and Electric Company IA" TIC. smaller
towns and cites OF OHIO. II IS planned
TO furnish current TO these communities
from central generating stations, con-
Meeting them with high tension transmits
sion systems. A. plans arc AT present.
three groups OF the Ohio properties are
being formed with a. fourth Group 10 be
supplied with current from the new gen
Grating station of the Wheeling wv. Va
Electric Company.
Cities Service Company,
The report. of the Cities Service Com
pany for the Twelve months ended Janu-
AIRY 81. 1919. shows gross earnings Of ST.
l1J.i12: net earnings. .l,155lG2. and surplus
after dividends, S3os.el2 This statement
includes eleven months earnings Oh the
old basis of holdings and one month on
the new basis Total accumulated surplus
of company. as of date January 81. 1919,
was s1l0,124.
STOCK EXCHANGE NEWS.
The bulletin +of the New York stock
Exchange issued yesterday contained tue
following; .~4l .tE -
The following memberships have been
posted for transfer: Willis S. Mccormick