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

The report of the American Light and
traction Company for the year ended
December 81. 1912, shows gross earnings
OF A,256,S6O as compared with A,lH, 053
Tor the same period of 1871. Net earn
inss were s4l39.2OS. as compared with
No5o,242, an increase OF Sos, $50 over 1911
After payment of dividends and incud-
ing the surplus of 1911 there was bal
ance on December 81. 1912, of S.6se, 90
Last years balance was NS35,726.
The Pacific Light Corporation of San
Francisco is the latest California public
utility to announce an Increase in its
dividend rate. The company has de-
clared quarterly dividend of per cent
on its common stock, payable February
10, to stock OF record of January 2S. In
1911 AZ per cent was paid on the COM
mon stock and 8 per cent in 1872 The
Los Angeles Gas and Electric Corpora
ton is owned by the Pacific company
through stock ownership.
The Pennsylvania Water and Power
Company for the year ended December
81. 1912, earned a surplus of S23j. 76g. or
2S per cent, on its outstanding stock
Gross income for the year 1912 was $72l,-
SS3 as compared with $l6.2S5 for the
same period OF 1911, an increase of sos. 59S
Net earnings We're S6l9s0S, as compared
with A4L325 an increase Of $l72, $50 The
operating ratio for the year was but IA
per cent of the gross earnings. Bond in
terest for 1912 was SOB more than in
1911, there having been issued during the
year $4,000 bonds on account of con-
struction work.
1t is reported from Philadelphia that
the Georgia Railway and Power Com
pany, which now operates under lease
the Georgia Railway and Electric Com
pany of Atlanta, Ga, has declared a divi-
dend of 81 20 a share upon it's first pre-
ferred stock, this being at the full rate
of 8 per cent since the incorporation of
the company last March. No dividends
have as yet been declared upon the COM
pany's second preferred stock.
The East Ohio Gas Company, which
recently sold 5000, 900 first mortgage per
cent bonds, authorized by the Public
Service Commission of Ohio, will use the
proceeds in providing a larger supply OF
natural gas for Cleveland. The East
Ohio Gas Company. which is controlled
by the Standard oil Company, supplied
Cleveland with all its natural and artif-
cial gas and also operates in more than
forty additional Ohio towns.
The report of the Paducah Traction
| and Light Company for December shows
gross earnings OF s27S7S, as compared
! with $685. for the same month of 1911,
an increase of N,0i3. Net earnings were
sl1,2i6, as compared with Sl2.G9 "A de-
| crease of S7S5 The report for the twelve
months ended December 81, 1912, shows
gross earnings of s2S6.537, as compared
with s265,296 for the same period OF 1911,
an increase OF S2l,2H. Net earnings for
1912 were S93.s63, as compared with sl0i-
541. decrease OF slO6A.
Gross earnings of the Dallas Electric
Corporation for the month OF December,
1912. were $l7i.2iO. as compared with
Sl52 926 for December OF 1911, an increase
of S2l.31i; net earnings were ST $50, as
compared with SJ6,S7S. an increase Of tlI-
9SS. The report for the twelve months
ended December 81. 1912, shows a gross
earning Of Sl.s2l.562. as compared with
81 .6322 9l for 1911. an increase Of slS9gIl.
Net earnings were S2s.76s as compared
with $j2s, $40, an increase Of S99,e26.