The sun., 1914-08-25
PUBLIC UTILITIES.

California Edison COMPANY for July wa,
Operating expenses were sl7.6s7 less so ths,
there was = balsnce Of scN. So as cont rast cd
With s:i+ y? in July go year C arc nso Net income
and depreciation charges there ~as a surnius
OF ssa.tlb as against surplus OF s?l.27, IN
81. 1914 total revenue aggregated y 7Sileo, as
aTa,nsi &.sea.0N In the corresponding period OF
seven months OF this year and 81, ,Ss',6iI for the
same period Of 1919. while the surplus was
1s. 22s this year. against s51e,io9 in the irs,
seven months OF 1919.
All Bylicsby electric properties reporting for
kiiowatts lighting load New business con
Tnssn Tor WITH sS' @ kowss sS,ns load
and ~ horse power in motors Electric out,
put OF the properties for the week was
cent over the corresponding period OF 1919
Artificial gas OUTPUT Increased per cent over
the same week OF las, year.
The Electrical World has collected operating
statistics for May from moro than go light
and power utilities scattered throughout the
show thai gross ncom. from The. sale OF
10 sIo7i.9oo in May, 1914, or At a rate OF 81
per ont,, while the combined energy output
increased IN the same time from 5sO sei, e57 TO
SIS. 7CS 1873 klowa't hours, or Al the rate OF llb
per cent The rates OF increase for May seem
TO be about normal. although they q
In that month the Electrical WOrh found an
Increase OF 1919 per cent. on gross income and
The he val values for MaTc6 for % rather % smaller Mn,r
number Of companies we're 81 and 1873 per
cent re,peGiv.ly The nrIres o.nalnly prove
that business depression 10 capable of in,
huencinE the receipts OF the small companies
10 greater erien, than the bigger utli'ie.
and power stations should provide some sor,
of Index OF the condition Of the energy con.
suming industries TO whose needs The central
stations minister and II this Ia true the data
show that in most OF the large cities Industrial
activity is not greatly restricted at the present
time They also bring out the point that in
the case of the smaller cities there /. in 1914 q
demand for energy hardly In excess OF thai
local decreases however II can be seen tha,
the Industry as a whole is still expanding al
a rate which represents an increase of more
than 100000 month as compared with last
year, and with the present upheaval OF the
European markets and a feeling OF blank un
fuiurc OF American utility securities with
complete oouanimity To maintain tho month
rate OF progress at anything like It's present
figure vast amount OF new capital is rcgu.
larly required, aud for the present II would
appear 'ha, all such financing must be per.
formed out OF earnings, Resort 10 that ex.
pedent may be entirely satisfactory il the
utilities br, can n. man'n,n SnoIa steady Increase IL
operators, and there is therefore some anxiety
10 see exactly what effect the war is xoing
various industries
aled an application with the tate Railroad
Commis ssion for authority 10 issue 81 OOO 900
par value OF general and refunding mort gage
IN connection with the filing certain surely
bonds amounting TO 10000 Thes latter
insure the payment by the he compsny % 'Sar' oi aa9 no
sums that the court may require II 10 nav In
connsc,io1 with tn. suit brought by the