New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-30
PUBLIC UTILITY NOTES.

The Northern Ohio Traction and Light
company reports for the year ended De-
cember 81. 1912. gross earnings of 1886, 05o,
as compared with S2.G3i.O2i for the same
period of 1911. an increase OF so. Gl2: net
earnings We're Loo. 76j. as compared with
N2Ol.iS1, an increase of 500 POS The net
income available for dividends after all
interest charges was s77020G. or just about
10000 more than for the preceding year.
During the latter part of 1912 the dividend
on the common stock was increased to a
. per cent rate; but despite the increased
dividend rate there was carried 10 sur
plus above all dividends S337773. as COM
pared with s3T7 go in 1911. At the annual
meeting Of the Northern Ohio Traction
and Light Company the retiring officers
and directors were reelected
In 1912 the company purchased twenty
five new city cars and fifteen new inter
urban cars. New contracts were made to
supply the city of Akron with street
lighting for five years. and new ten
year rate for domestic and commercial
lighting.
The Indiana Railways and Light Com
pany, recently incorporated with an au-
thcrizcd capitalization OF 10000 has
taken over the kokomo. Marion & West
err Traction Company, the KOkomp.
Frankfort & Western Traction Company
and the kokomo Public Utility Company.
OF the Sj.0cc,0J" bonds. which is part OF
the capital. N.lSo,oro are now issued for
rcfunding and corporate purposes, SOOlJ
reserved for future corporate purposes,
S65o,60 reserved TO retire the Kokomo,
Marion & Western Traction IS and &c.
10000 reserved for future additions to
properties. OF the preferred stock S550"e
has been issued, together with 100000
of common stock.
The Baton Rouge Electric Company $
report for the month Of December 1917.
shows a gross of sl4.3Si. as compared with
81, AS for December, 1911 an increase OF
81 .9$l. Net earnings were s6,135. as COM
pared with s6.59t an increase of $3.50. The
report for the twelve months ended De-
cember 81, 1912. shows a gross of $liI3Sl,
as compared with Nl9,F6 for the same
period OF 1911, an increase Of s21.%6. net
earnings were $5s.i75. as compared with
$3.50. an increase Of N5SS5.
As has been the case with most of the
other Texas Public Utility corporations.
the IL PaSo Electric Company also shows
a good increase IN gross. The report for
the year ended December 81 1912, shows
gross earnings of S79}.320, as compared
with sG9l ,607 for tho same period in 1911,
an Increase of sl0l,7l&; net earnings We're
$50. lOS. as compared with S2Si,Soj, an in
crease Of SIe.29S.
There are often exceptions 10 the gen
( oral trend of earnings Of traction com
/ panies, which rely particularly on IN
crease of population for increased earn
ings The moderate weather which the
Northeastern part Of this country mas cN-
/ pcricnced the first half OF this winter
! has kept many from sOjourning in the
! South. Jacksonville, Fla, is one OF the
/ popular Southern winter resorts, ana
earnings Of the Jacksonville Traction
| Company Tor the month OF December,
/ 1912 showed a decrease in gross of S2i6i
over that of 1911. The report of the com
pany for the twelve months ended De
! ccmber 81, 1912. shows gross earnings Of
| sJ62 537. as compared with St7,Ji5, a de-
1 crease Of SOL. Gross earnings OF TINS
| company IN 1911 decreased about $500
over the same period of 1912. Net earnings
/ for 1912 were s1S4,0c6. as compared with
s2l9.l01 for the same period Of 1911 de-
/ crease OF 5000.