New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-17
PUBLIC UTILITY NOTES.

! to-day. large number Of these are pub
! lie utility companies 1t is said that Gov
ernor POthier has urged the General As
/ sembly Of the state 10 provide for physical
1 valuation Of the property Of all public
utilities operating in the state and for the
inspection of their securities. The Pub
| If Utilities Commission is TO prescribe
the form and character Of reports Of OPP
| Grating expenses, etc.
| The Cities Service COmpany's report FOR
December. 1912, shows gross earnings Of
\ Sl3i,G6G as compared with N2AT7, an in
| crease OF 1880; net earnings were $l2S.7?2
/ as compared with il5,3A, an increase Of
! $l3,S1. Dividend requirements for the
month increased $ll.0i2 over that of tn"
previous year. The report for the twelve
months ended December 81. 1912 shows
gross earnings of Sl,l9O. 76G and net earn
irgs of $l1lS.132, and a surplus Of $3.50, j9j
| after dividends. The Cities Service Con-
pany declared tho regular monthly divi-
| Cend of One-half Of per cent on the pre-
ferred stock and increased the common
| stock 10 a per cent basis by declaring a
| n onthly dividend Of 5-12 OF ! per cent, an
! increase Of lip OF ! per cent over the pre-
vious month. on February ]. 1912. the
/ dividend on the common stock was in
creased from TO per cent.
| The National Properties Company, a
new holding corporation. with an author
lied capital Of 100000. controlling pub
| lie utilities in the Pittsburgh district and
in Western states, has purchased the VIII
mington & Philadelphia Traction Com
pany through II. Il. Ilollins & CO.. New
| burger. Henderson 4 Loeb, OF New York.
/ and Scott 4 Co. Of Wilmington. The Ma
tional company. with its subsidiary COM
panics. does all tho electric lighting and
street railway business in Wilmington,
! Del. and Chester, Penn, together with
an electric line through Chester. The
, street railway lines Of the company also
| connect these cities with the City OF
| Philadelphia The syndicate. OF which
! n. p. Hollins TO. and NewburGer, Hen
! derson & Loeb arc managers, r. expected
to make an Offering OF securities in the
financing of the new company within a
( short time
The success Of many public utility cor
porations throughout the country Is at
/ tract ng considerable attention abroad. \
party of London bankers. including j.
Macke Edgar. of Sperling & Co, Lon
cen. and James Mitchell. president Of the
American Traction. Light and Power
| Company. are expected to arrive in New
York on the MalUetania tho first part Of
next week to tour the country. inspecting
various public utility enterprises. The
party will be met BY ". W. Freeman,
/ cc-president and general manager OF the
! Alabama Traction, Light and Power Com
! Tany. AMI emons the properties 10 be Wis
/ tied are the Alabama Traction. Light and
| Power Company. the Cities Service Com
pany. the Consolidated Cities Traction,
/ Light and Power, the Mississippi River
/ Power Company and others. The party
| will then make visit to Mexico and
! Cuba, where IL is said they are interest
| ed in some public utilities
| The increased demand FOR current for
power and light in the territory covered
/ by the Pacific Power and Light Company,
which is controlled by the Electric Bond
and Share Company, has made II nc1es-
4 sary for the company TO begin construc-
I ton on a new hydro-electric plant at
I Hood River ore. where it now has a
small plant supplying local needs. The
/ new plant will be Of between 100 and S.ool
/ horsepower. transmission line viii be
built from The DalIes to Pendleton, where
connection will he made between the two
/ systems.
The Brooklyn Heights Railroad Com
pany announces they VIII guarantee the
/ 4 per cent and 3 per cent bonds Of the
: BROOKLYN Union Elevated Company, and
/ tie4 per cent bonds Of the Kings County
/ Elevated Company on two days OF each
month. The days on which bonds viii be
I guaranteed for the year 1913 are as fol-
lows. January 10 and 20. February "a
and q March II and 81. April 10 and 80,
! May IS and %. June is and 20. July 10 and
30. August 10 and %. September 10 and 80.
| October Il and 30, November "A and p
and December l6 and 30.
/ report from Harrisburg. Penn, states
| that at a meeting Of the Harrisburg Eiec-
tic Service Company to he held on Jan
nary y a vote will he taken 10 increase
the stock from s., 10000 TO s2,J"o0JO.
The dispatch also says that the Harris
I burg Railway Company will be merged
with the Central PENNSYLVANIA Traction
I Company and seven other underlying
traction companies and that W. ID. Wal
( bridge. OF the New York firm Of ~. -.
Walbridge & Co. will be president Of the
merged fractions. which will he called the
! Harrisburg Railway Company. The CAPT
tai will he s.. 10000, Of which S2.lc',"o is
] To- he preferred stock.
BOND DOTS.