New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-01
PUBLIC UTILITY NOTES.

iIt SNO'h Vi the vest hOOltidA tONfi
and Light Company mas been listed on
the Montreal Stock Exchange. The COM
pany has 100000 common and s30e, 90
preferred and $1,500,O0O per cent bonds
The company's principal power station is
at bennington Falls, Il. c., where 32,cOC
horsepower has been developed, with
1900 horsepower generating capacity in
stalled. Gross earnings Of The company
are approximately $4,000 a year. The
fifty-eighth consecutive dividend has just
been paid on the preferred stock, and the
common is on ! per cent quarterly basis
The Wisconsin Gas and Electric Com
pany's report for the year ended Deem
her 81. 1912. shows gross operating reve-
nue. OF S6S3, 966. as compared with 1854, So
for the same period of 1871. an increase OF
S99.0ll: net operating revenue was S2OO,9li
as compared with SlS1,150. an increase Of
$685.. The amount earned for common
stock in 1912 was equal to 9.42 per cent Gu
the 10000 outstanding common stock
as against 9.2S per cent earned for the
stock in 1911.
The Pacific Light and Power Corpora
ton in a report states that power station
No. l and the first transmission line VIII
be placed in operation on July l. 1913, anc
power station No. and the second trans
mission line on October /. 1913. Initial de-
velopment of the two stations Will be
about 5000 horsepower, with much
larger ultimate capacity. The two trans
mission lines of 240 miles to Los Angeles
will have a capacity of more than 125,OJ
horsepower, or twice the initial power
capacity Of the generating stations and
will carry the current at 10000 volts ten
sion.
The report of the Aurora. Elgin & Chi
cago Railroad Company for December
90. shows gross earnings Of S55,4S3, al
compared with Sl43,17S for the same month
Of 1911 Net earnings were S5S,lOo, as
compared with s4S.036. The report for tht
six months ended December 81, 1912. shows
a gross OF S1.00,4S5. as compared with
$685., 9A for the corresponding period OF
1911. Net earnings were S455 $50, az com
pared with s4sl,013.
The Society for Electrical Development
Inc, has been formed for the purpose o.
increasing this line OF business. The or
ganization is composed Of manufacturers
of electric apparatus, corporations en-
gagged in the generation and distributor
of current foY light and power, electric
supply tobbers and electrical contractors
1t is stated that an extensive advertising
campaign will be carried on for the great
er development of the electrical indus
try. Headquarters OF the organization
are in the Society for Engineering Build
ing, New York. Henry L. Doherty has
been elected president. Ernest Freeman
a. w. Burchard, W. II. johnson. j. r
Grouse and W. z. Robertson are vice
presidents.
Gross earnings Of the Tampa Electric
Company for December. 1912, were sss'7H
as compared with $3.50 for December
1911. Net earnings were s32,43S, as com
pared with s31,7ao The report for thu
year ended December 81. 1912, shows gross
earnings Of ss5a, s35. as compared with
s69a .s2S for the same period of 1911 an In
crease Of s62.5l2. Net earnings. 1896, as
compared with s313,65S an increase OF
SIS, eie.
From private sources OF information II
was learned yesterday that the execu-
tive committee Of the United Light and
Railway Company has authorized sale
Of not less than sl,5oo0oo OF preferred
stock TO be sold at par and accrued divi-
dend with bonus OF rs per cent common
stock 1t is understood. however, that the
sale OF this stock, carrying with II
bonus Of common. will be made to the
brokers who have been specializing ir
United Light and Railways securities and
will not be offered for public subscription
except through these brokers. The pro-
ceeds from the sale Of this preferred
stock will be used TO pay $4,000 one-yeai
notes Of the company due in jung and
TO provide fund for such floating In
debtedness as may stand against the
company.