New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
PUBLIC UTILITY NOTES.

Inc Piedmont Northern Lines. q newly
formed organization. which mas under
construction system of electric traction
ROADS IN the Carolinas. is contemplating
me building of an extension to Atlanta.
me Piedmont company is owned by a
syndicate. headed by James Il. Duke.
winch controls the Southern Power Com
pdhN. one of the Piedmont lines, knowl
aS the GrecnVille. Spartanburs q Amber
son railway Company, is now completing
the construction of a line between Green
vile and Spartanburs. and when this is
hhlshed connection will be established be-
tween North and South Carolina divisions
by the building of a line between Spar
tanburg and Gastonia.
The report of the keystone Telephone
Company for the year ended December 81
shows a gross Of 81 217.i rs. as compared
with $l.l61.009 Tor 1911. an increase of
$J,f9. Net earnings were $G0S, $50. an in
crease of s257lG over 1911. Net profit Cor
The year was S3o5.74J. an increase of slS9al.
as compared with 1911. From the net
profit there was deducted $4,000 for bad
accounts and 10000 for depreciation and
reserve. leaving a balance of sl7o7i5 to be
added TO the profit and loss surplus.
The Southern Power Company has
closed contract with the Georgia Rail-
way and Power Company by which the
southern company will purchase a large
amount of current from the Tulluah
Falls development, now being constructed
by the Georgia company. This is a result
Of the increased demand for hydro-clcc-
trio power in the district supplied by the
Southern company. The contract is To
begin on September l. 1913. and q trans
mission line Will he built from the power
plant TO Easley, $. g.. 10y way Of Liberty
and Central
Gross earnings OF the Washington Wa
ter Power Company. Of Spokane. Wash.
for the year 1912 were s3.17o2iJ. decrease
OF Ss3 9l3 over 1911. Net earnings were
$l.5s7, s92. az against N.6lll77 in 1911. There
was q surplus OF S9J9. 1874 for the year,
which was equal 10 GSl per cent OF the
S4.0Sl.9o capital stock. as compared with
S.S per cent on the Sll. $500 stock in the
previous year \ deficit Of Sl6j.626 was
shown for the year. as compared with
surplus OF $i.64 in 1911.
1t is reported that the United Light and
Railways Company is negotiating Tor the
purchase of additional power and traction
corporations. including the Peoples Gas
and Electric Company, of Mason city.
Iowa and the Mason City and Clear Lake
Interurban Company. A contract is 10 be
made by which the United company Will
operate the Iowa and Illinois Electric
Railway Company which operates "a lin"
forty miles long between Davenport and
Clinton. The Iowa City Gas and Electric
Company is also one of the companies
which the United company expects Ia
take over. Gross earnings OF all its pres
cut subsidiaries. numbering about fifteen
were g.. i6i.S3 for the six months ended
December g. 1912. an increase of loi per
cent over the corresponding period Of l9ll
The West End Street Railway Company
has been authorized by the Massachusetts
Railroad Commission TO issue $6p.0'
twenty-ycar per cent bonds. 10 bear
date Of November /, 1912. The proceeds OF
this sum will Doe used 20 reimburse Tho
Boston Elevated for Improvement 20 tn"
property made in accordance with the
terms Of the lease. An issue Of iioo
shares additional common stock by tin
West End company has also been ar-
proved by the commission. proceeds 10 bo
used To reimburse the Bostyn Elevated
FOR improvements.