New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-25
PUBLIC UTILITY NOTES.

I Company has declared a quarterly divi-
! dcnd of threefourths OF per cent on 90
common stock, all increase of one-fourth
of l per cent quarterly. payable March !
| 10 stock OF record February 10. This
| places the stock or a per cent basis.
| The company began paying dividends on
| the common stock IN 1910. when J per
cent was declared. In July of 1911 div
| dend OF . per cent was declared, payable
| in quarterly instruments OF one-half of
| per cent each. The Columbus Gas and
| Fuel Company is one OF the many public
utilities in Ohio which have shown in
creased earnings and dividends in the
| last year
The report OF the New Orleans Railway
and Light Company for December, 1912,
shows gross earnings OF $Sl3,sl2, as com
| pared with S9sl6 for December. 1911. an
increase of s9Si9; net earnings for the
same month were S3l6,67i a. compared
with s2se542 for December. 1911, an in
crease of sl7.l3l The surplus from opera
tons for the month. after taxes and divi-
| dend payments. etc. was t129.66l. as COM
! pared with sl1S,iS0. an increase Of 81 go
The report for the twelve months ended
/ December 81. 1912 shows gross earnings
| Of s6,62s.l 47. as compared with %SS5,i62 for
the same period in 1911, an increase Of
I $500 es5. Net earnings were $,AI.i9, as
! compared with s29l5.Sl3 an increase OF
/ $2s1.90. The surplus from operations for
/ the year after taxes and dividend pay
ments. etc. vas ses5. OS2. as compared with
s77l eSs for the same period in 1911 an In
crease OF 1928
| An announcement Is made by T.. w.
! Clark & Co. of Philadelphia, that more
| than S. per cent of the SJO0,0on common
! stock of the ST. Joseph Railway, Light
Heat and Power Company has been de-
posted under the offer OF SO share
made for the stock by Henry l.. Doherty
e. Co. This makes the sale 10 the latter
firm operative. Payments Will be made
| as follows: so share on February J.
1913: SO on August /. 1913 and from this
payment T.. W. Clark 6; Co. Will deduct
commission Of 81 n share: 80 a share on
! February !. 1914. and final payment or $z0
/ a share on August ]. 1914. Deferred pay
ments until February !, 1914 bear per
/ cent interest, and after that date per
! cent interest.
| The Rochester. Syracuse d Eastern
Railroad Company. the Syracuse, Lake
Shore & Northern Railroad Company and
the Auburn & Northern Electric Railroad
| Company have applied 10 the upstate
! Public Service Commission for approval
Of joint agreement OF consolidation.
Tho name of the new corporation is TO he
the Empire United Railways, Inc The
/ cd n Nd
by the so-called Beebe Syndicate The
| capital stock Of the consolidated company
IL 10 be sli. 10000. OF which cocoon will
be first preferred stock, s., 10000 preferred
and e. 10000 common stock. The manner
! OF converting the capital stock or each
corporation into the capital stock or the
/ new company Is as follows: the pre-
| ferred stock OF the Syracuse Lake Shorc
e. Northern Railroad Company shall be
convertible into first preferred stock OF
the new company, share for share. Inc
! preferred stock OF the Rochester. SYRIA
cusc & Eastern Railroad Company shall
no convertible into first preferred and pre-
| ferred stock of the consolidated COM
many Ipon the surrender OF any out
| standinp certificates of the preferred
stock of the Rochester. Syracuse q East
ern Railroad Company. there shaIi De
issued 10 the holders OF the certihcates
| for an amount equal to II per cent OF the
| mar value Of the first preferred stock ana
certificates for 81 per cent OF the par value
| Of the preferred stock OF the consohdated
| companv. The common stock or the
Rochester. Syracuse e. Eastern Railroad
C.ompany shall be convertible into com
| mon stock of the consolidated company IN
AN amount equal to 50 per cent OF the par
value OF the common stock OF the ne"
company. The preferred and common
stock of the Auburn & Northern Electric
Railroad Company shall be convertible
| into the first preferred stock of the con-
sol,dated company. upon the surrender OF
certificates Of the preferred stock OF the
company. share for share OF the nrst pre-
| ferred stock Of the consolidated company
and 1914 per cent Of the new company
stock for common stock Of the old COM
many The officers are Clifford ID. Beeoe
president; Hendrick 8. Holden, Cadweh
y Benson and Edwin d. Metcah' vice.
presidents Willis A. Holden. treasurer
and Charles A. LUX, secretary.