The sun., 1915-07-15
PUBLIC UTILITIES.

and Coke Company for May. 1915, are not
as favorable as those OF the preceding
S5.745 les. than the same period last
year, while In net there was decrease
FOR the nonth Of ssssS, Sirv, For twe.ys ways
less by s2g.s36. and net By s2i2.t than
for the twelve months preceding May 3l'
Although not reporting as large gains
as similar companies further east, earn
ings OF the Paeihc Power and Light Com
parison with the earnings Of May 1914,
q gain Of ss'stI in sros, ana sSso In ne, ,s,
ended May 81. 1918. there was an increase
of ssssi6 in gross and t!s,.s5 In net
over the preSedins sgo yesy psp1esvSa p5 GI,,
ton were reasons for these poor snow
inss
In view Of the rather depressing bust
ness conditions which have prevailed In
the South. reported large gains were made
pubic ey the sOG,hss,eTn rSMer r.xs. sns
Power Pow" and Tight. Fort Worth power and
Light. and other properties In Texas
In gross earnings OF the Texas properties
and OF 3s.sli In net while FOR the twelve
months ended Nay g. isiS nar .hers Gs,, was 95
gross and o. s30l.435. or - per cent In
net as compared with the preceding year
"
showed particularly good gains over the
corresponding period Of the preceding
year For the month 'here was ns, gam Whs Gs
Tor the twelve months ended May 81 gross
earnings increased s7i.o'' and net Ss2.a2i
oyer the twelve months ended May Si'
Consolidated earnings OF al American
SS.a poEer Msy Mad rA y 'r 'es es az
1850 sos. or 10 per cent, In gross, with
an increase In operating expenses of S2''-
,5'ss3sSo, an Increase OF .Ss6Is2' or is
per cent. over the preceding year.
The Utah Securities Corporation. while
not a subsidiary OF the American Power
and Light, bu, controlled by similar In
teres,s, Is also reporting gains in earnings
FOR MAY Increased si4.lsG over the same
month OF last year while the net Increase
was s?69 The charging to operation OF
| mainly the cause for the large Increase
in operating expenses, For the hr.t iivs
Sai5GO The statement for the hve months
| Indicates what Is being done by the com
nmi.. into errect and for the fuil year Of
| 1915. operating expenses Will be materially
less than for the same period IN l9li'
since It's rennancing the Haxerstown and
| Frederick Railway COMPANY, under the di-
| rec,lon OF ssnderson and Power mas bren
/ Man, 1915, gross earnings increased s2.s5i.
| or 81 per cent, while total income In
| creased 1910, or 80 per cent, Deductions
! OF all kinds including operating costs,
| taxes, Interest and discount, increased but
! 1888 or II per cent, so that the surplus
avn!labe for interest on the adjustment
| bonds dividends and reserves. was Sd,5ii,
| an Increase OF 9S per cent over May, l9li.
| FOR the eleven months Of the fiscal year
| ended May 81. 1915. gross earnings Of the
| Company made a gain of t2s,d6t or ~
| per cent, and total income increased s35, :
I TaA0 fAN,g of all
! kinds totaiIed slos.i5s. decrease Of sis,-
| oiT, or l2,I. per cent Surplus for the
| Of S50.59s over the corresponding eleven
| months OF the preceding hscal year
| Continued large gains In earn ngs we're
| reported by the subsidiaries ~ tho North
| crn states Power Companies for tho year
| ended May 81 gain OF lG per cent. IN
| gross, of 80 per cent. In net and Of 80
! p,r cent. In balance after hxed charges
and preferred dividends, over the grsced
compared With ss75.3si for tho year ended
May 81. l9t.