New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-08
PUBLIC UTILITY NOTES.

| bIOSS earnings OF li' -N'l 'utiH Oll'p
Traction and Light Company for the year
ended December 81. 1872 were s2s96,o56. as
! compared with s.. 69i for the corresponding
period of 1911. an increase Of &)2,0l2. Net
| earnings for the same period were Sl,29d.-
| al, as against Si.20l, i97 an increase of
| &1.773. Interest for the year decreased
1851. Surplus was $77o28. as against
S61ci6J. an increase of S99.15
The next quarterly dividend Of IA per
cent is payable March Is. The company
has .435 stockholders. an increase Of 292
over the previous year.
| The Beardstown OlI) Electric Light and
| Power Company has been purchased by
| the Central Illinois Public Service Com
pany, ono of the subsidiaries Of the Mid
| die West Utilities Company. The Central
Company will make numDcr Of improve
ments in the property, the generating sta
| ton viii, be increased 10 10000 horsepower
and transmission lines will lie constructed
along the Illinois River TO supply electric
current 10 the drainage district pumping
! stations. with additional lines into the
| coal districts and other localities in that
I section Of the state.
The properties of the Light and Devcl-
opment Company OF ST. Louis outside of
I the State of Missouri will be taken over
! by the United States Public Service Com
pany, which has been incorporated under
the laws of Delaware with a capital stock
of 100000. The properties which will be
/ taken over by tho new company are the
/ Oberlin Ohio Gas and Electric Com
pany, the Paris (Tex) Light and Power
Company, the Fort Scott Gas and Elec-
| trio Company. the Mitchell Is. d. Power
Company. the Tahlequah Okla) Light
and Power Company and the electric
/ light and power plants at Danvile, Ky,
and Ravenna, Ohio
/ The Light and Development Company
will retain the following plants: The Cape
! Girardeau Water Works and Electric
/ Light Company. the 81. Charles Electric
Light and Power Company. the Poplar
Bluff Electric Light and Power Company
and ths isolated plants in ST. Louis.
! Tho Detroit United Railways Company's
report for the year 1912 shows passenger
earnings of the system rs $40 49, Csc, an
increase Of s1.3l6,ass: mail earnings 81 $685.
y
an increase OF sac; express earnings SOi,-
OF, an increase Of sle7o72. and special car
earnings Of s4s.sS7, an increase Of s7,123;
total receipts from operation for 1912 were
81 695. $50. a gain of Slfi2.296 over 1911. OPP
Grating expenses for the year increased
! 81. $50. S67, owing TO the fact that the COM
pany Is operating on many streets with
out franchises. Net earnings from oper-
/ alton were 1896 l2l.
II is rumored that the Southern Pacific
and Santa Fe contemplate taking over a
number Of independent electric lines in
Northern and Central California. II IS
known. however, that the Southern Paci-
! ic interests and the Great Northern Rail
way Company are spending large sums Of
money in electric railway construction in
the Willamette Valley. The Portland
Eugene e Eastern Railway was acquired
| by the Southern Pacific interests, which
began constructing additional lines 10 ex-
| tend the road. Work is now being done
on 240 miles OF new line, covering terri
tory from Salem south 10 Eugene.
The report of the United Light and
Railways Company for the six months
4 ended December 81, 1912, shows gross earn
ings Of subsidiary companies as S,4si,sSs'
an increase Of 500. 723 over the same period
OF 1911. Net earnings were 81 .tSS.2 an in
crease OF $40, sSl, or 14s per cent. Surplus
after dividends. taxes, interest. etc, was
| s26s, 1863.