The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-10
PUBLIC UTILITIES.

The Paclnc Gas and Electric Company re-
ports for May. lsii. total operating revenue
OF Sl.3issge, an Increase Of S5S,l2i, with
total net income OF s64s.15s, which Is an In
crease OF ssts5i. For the ave months ended
was s7.2os552, an increase OF sil2 l6S while
the total net income was SS.Ji3.3sb. which
ating expenses for the FIRST I'VE months OF
the current year was approximately sl47-
900. Increase IN the company's business has
been entirely satisfactory. on May 81. 1919.
the customers numbering 356,56o which IL
gain OF 80; 1876 In the year. Sinking fund
all outstanding bonds. or approximately
100000 a year. Now that the California
Railroad Commission has de clIcd that these
sinking fund charges can be capitalized by
the issue against them ~ common stock at
par and II the readjustment Of capital is
debt paid. II IL probable that the payment ~
l per cent. quarterly on the common stock
can he resumed.
The electrical output Of all the Bylle~by
properties for the week ended juno % in
creased ISL per cent. over the corresponding
load gains Of 1885 customers with so kilo-
watts lighting capacity and f?o horse power
in motors, New business contracted for hut
not yet connected included 79l customers
With !ss kilowstts lighting capacity and
week of June 22-27 the commercaI depart
ment OF the Louisville Gas and Electric
Company secured 1873 electric contracts COW
ering SO kilowatts lighting capacity and so
horsepower In motorJ Contracts were also
taken for industrial gas Installations hav-
ing estimated annual consumption 81
?,e4o,oOo cubic feet and 3 contracts for gas
for heating apartment houses agsregating
an estimated annual consumption OF $780,
900 cubic feet.
The Gusnatu1,o Power and Electric
here Is now SSnF epSr
entirely by Mexieans, all Of the American
employee: having been sent across tho
Mexican public utility concern controlled
entirely by American capital, Assistant
charge and business is progressing pretty
~ Iu sarn me same as usual The last repor,
that Guansjuato Power and Electric earned
sl0,35i over operating charges. maintenance
fixed charges and other income deductions
the Central Mexico Light and Power Com
psa,ny for the month had a dencit of sis2
mainte nance. fixed charges and other in.
come deductions amounting In all to s52.e7i.
The Twin City Rapid Transit Company
reports for May. 1871! an increase In total
The net income was larger by s3O.264 and
the surplus was increased by s2s, SO7 For
operating revenue was 50. 727,si9, an increa Sc
9t ssSii 5 The total net income !og ,ne
with a surplus after charges OF ss9t,isS, an
increase OF $500 over the hrst Ave months
Spps % Sa ass xe Ge sTpS
OF Ss753i1. taxes Of s5s6,l2s and deprecia-
llon ana renewal charges OF $1,000, 900, was
sl74s,2Sj. For the first Ave months Of 1914
tho surplus applicable TO dividends after
charges for taxes, depreciation and interest.
showed an Increase OF 5.77 per cent. over the
nrst nve months OF 1913, Should this per
centage OF gain be maintained over tho
year the surplus for dividends for 1919 after
all charges, inc uding al heavy a dcprecia-
ton charge M In 1913. would be 81. sac leg
Preferred dividends are $40. 900 "A year and
the common stock has been Increased by
81. 900. 900 over that for 1918 on the basis
81 gain for the first Ave months the Twin
cry Rapid Transit Company should earn
quarterly dividends OF Ia per cent. on lis
common stock.
Trakc on tho Chicago elevated lines for
the 1--WE months ended May 81. 1914 ac.
companys board, was per cent larger
| than In the first FIVE months OF the pre-
| cedlng year. Mr., insult also announced that
IFS cars have been ordered for the elevated
greatly Increase carrying capacity and
should result In an increase of traffic for
! the year ending June 30. 1913 OF at least
| ? per cent, over traffic for the year ended
| June 80, 1914. The controlling syndicate OF
| Chicago Elevated now owns sSs,25l. 700 par
value OF the stocks Of tho various elevated
| companies or pg.Ss per cent OF the total
issues outstanding. These stocks cost tho
| syndicate approximately t3t322,O0 900.
| Since the merger OF Metropolitan West
| Elevated as Chicago Elevated Railways
| Company IN 1911 the syndicate has been
| steadily acquiring all outstanding stocks II
now has every share OF Northwestern Ele.
tho preferred, all but ~ shares OF Metro
| politan common anl all bat 40 shares OF II 3
| preferred and all hut 3s5 shares Of the ca u
| ital stock OF South Side Elevated,