New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-21
PUBLIC UTILITY NOTES..

Inc American Public Utilities Company
reports earnings Of its subsidiary COM
panles for January as follows: Gross
earnings from operations. s223.G74, an in
crease of S25.294, or 12.7 per cent. over
January. 1912. Net earnings from oper-
atons were s107,S12 an increase of s1G.-
'of' or 1874 per cent, over January of last
year. The balance, after all fixed charges
Tor the month, was $42.6j7. The balance,
alter all fixed charges for the four months
ended January 81, was s170.3G0.
Gross earnings of the Dominion Power
and transmission Company. Limited. for
the year ended December 81. 1912. were
S2,5G5,S71, as against s2.252.sSS in 1911 :
net earnings were s1.203.912, as compared
with Sl,O20,6iS. The surplus. after in
terest, was sS51.759 and after dividends
was S4S9,45S. The surplus after dividends
in 1911 was S326.G2l.
The report of the Virginia Railway ana
Power Company for January shows a
gross of Sil0,iJ2, as compared with s36S
AGA in January. 1912, an increase of sil,-
9SS. Net earnings for January were
S191,39s, as against s165.s $50. AN increase
of s31.53S The surplus for the month
was S1S,94S. an increase Of S26.457 over
January OF last year. The seven months
gross ended with January was s9.S55. 363
and the seven months surplus was sG17,-
$50, compared with $2.G99.9lS and $751;
90. respectively. for the corresponding
period of the previous year.
The report of the Toledo Railway, Light
and Power Company. which has been re-
organized and taken over by the Toledo
Traction, Light and Power Company. for
the year ended December 81, 1912. shows
gross earnings Of $3.979.275. az against
year were $11S9.Nt7. as compared with
$i.01f,5@i for the previous year. The
surplus for the Year was sG90.291. as com
pared with s1@4110 in 1911.
The $S.000.OOG . per cent bonds Of the
Los Angeles Railway Corporation which
have recently been purchased by Harris,
Forbes & Co. are part of an authorized
issue of s20000000 per cent first and
refunding bonds. of which Si4.500.000
have been issued no additional bonds
can be ISSUED. except to retire at par the
present outstanding ISSUES of underlying
bonds of which there are $5.500.O0O. The
company has S20.0O0.000 capital stool,
end operates 81 miles Of street railway IN
Los Angeles. Of which S55 miles are owned
and sixteen mites les sed from the city
Railway Company All the stock Of the
City Railway Company is owned by the
Los Angeles Railway Corporation.
The American cities Company. which
was organized in June Of 1871, is one Of
the good examples Of the development and
growth Of public utilit corporations.
The progress made by this company in
only two years is shown by the rate Of
earnings on the common stock, amounting
TO 81 per cent in l@12. as compared with
II per cent for 1911. Interests closely
associated with the American Cities Com
pany have announced the construction OF
Il 100, 900 hydro-eectric power plant near
Little Rock from which cheap electric
power will be transmitted 10 the American
cities Company.s properties near Little
Rock. The company owns S4J.100.000 OF
the securities Of its subsidiary corpora
tons. and on these earnings accrung to
the holding company for the year ended
December 81. 1872. were s2.2S2,533.