New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-26
Relevant Facts

Texas Company.-A special meeting
of the stockholders will be held at
Houston, Tex, on June % to consider
increasing the capital stock from $685.
100000 to S69,375,000, TO be offered to
stockholders Of record July 10 at par.
New York Edison.-The report Of
this company for 1916 as compiled by
the Public Service Commission shows
operating revenues of spa ,449, an
increase Of $1,790,3S1 over 1915. Net
income amounted to sS,9S5,53S. equiva-
lent to S1362 a share earned on Cog ,537
shares of stock, against $l2.41 a share
earned in 1915. The surplus after
dividends and other charges was 81,
320,642, an increase of S373,763 over
1915.
National Conduit and Cable.-Direc-
tors of this company yesterday de-
clared an initial dividend of 81 a
share, payable July 10 to stockholders
of record June 10. This places the
stock on a 81 annual basis. The com
pany was reorganized by New York
banking interests about two months
ago. making the present stock capitali-
zation 100000 shares without par value.
IL was officially announced that surplus
after charges for the first four months
Of 1917. including allowances for ex-
cess profits and income taxes, was at
the rate of over S6,000000 annually.
Orders on the books of the company
il was also stated, are sufficient TO keep
the plant at Hastings in full operation
for the remainder of the year.
Wright Martin Stockhold-
ers of the corporation have voted TO
increase the authorized common capital
stock from 100000 shares of no par
value to 100000 shares OF no par
value. The additional stock has been
underwritten by a syndicate at So a
share and notice was sent out TO stock
holders yesterday that they would have
until June 10 to subscribe to the new
shares.
New York Telephone.-Fer the month
OF March the company reports net OPP
Grating revenue of Sl,835.505. an in
crease Of s230,7S6 over March, 1916.
For the first three months of the year
net amounted to s5,5l0,20s, an increase
of S799,736.
Atchison. Topeka & Santa Fe.-April
gross earnings were Sl3,269,739, COM
pared with S11, 049, 400 in the CORE
spending month of 1916, while net after
taxes was s3,3S0,0S3, compared with
S3.407, 521. For the ten months of the
new fiscal year net after taxes amount
ed TO S44,024,S28, against S35,760,544 in
the corresponding period of 1916, $780,
25S,755 in 1915 and 26,9S2,Sl7 in 1914.
Norfolk < Western.-Operating rev.
enues last month totalled S5,077,09 an
increase of S400,125 over April, 1916.
Net income was 81 ,605,531, a decrease
of SAL ,S04 from year ago. Net in
come of the road in the first four
months of the current year amounted
to $6,774,575, a decrease of S63,439.
New York Railways.-Income state
ment for March shows a falling off
in gross revenues of s56.l29, total
earnings amounting TO s1,05l .493. OPP
Grating expenses were S75,445 greater
than in March. 1915, and net income
from operation, which totalled Sl67. 702,
showed decrease of Sl12,6 After
deducting interest requirements, rent
ais. etc, there was deficit of S69.959.
compared with a surplus balance of
S77,002 year ago. During the month
there were 20,922 ,G75 passengers carried.
against 22,l53,770 in 1916.