New-York tribune., 1918-06-18
Corporate Returns

Duquesne Light Company-The con-
solidated income account for the fiscal
year ended March 81 last discloses
gross earnings of S9,842,394, which
compares with S7,310,7O4 for the pre-
ceding year. Balance after taxes and
expenses amounted to $2,709,5S2,
against S2,990,261 for the year before.
Other income totalled $1o2,571, bring
ing the total income to s2,812,153, com
pared with So, ,1o2, ,507 for the previous
year. Surplus after charges was ST.
644,296, against $2,168,327 for 1915.
Preferred dividends paid during the
year were S414,503, compared with
1897 ,466 paid the year before. After
common dividends, deficit amounted to
S228,176, which compares with a sur
plus for the preceding year of sa14,6s9.
Philadelphia Company-The pamphlet
report covering operations for the fis-
cal year ended March 81, 1918, shows
gross earnings amounting to 1,332,-
440, against $9,21O,148 for the previous
year. After expenses and taxes of S5,-
881,97O net earnings were S5,450, ,470,
compared with $5,116156 for 1916.
Other income totalled $2,724,Os8, de-
crease of S6,794 from the preceding
$4,034,4 ,442, leaving net income of $4,-
l4O, ,116, which compares with $4,391,-
ISL for the year before. After pre-
ferred dividends of S477,518, net in
come available for the 858,860 shares
of common stock (S50 par value) was
the equivalent Of $4.26 per share, as
compared with $4.26 per share earned
the previous year. Common dividends
amounted to $2,898.427, leaving a sur
plus for the year of $764,171.
Lindsay Light Company-Net earn
ings for the fiscal year ended May 81
last were $528,987, an increase of $97,-
975 over the year previous. Preferred
dividends amounted to $4,000, the
same amount paid during, the preced
ing year. Balance totalled $500,978, or
equal to 1884 per share on 100000
shares of common stock, against S4O3,-
003, equivalent to $671 earned in 1915.
Common dividends paid during the fis-
cal year were $42O,O00, compared with
$4,000 for the previous year, an in
crease Of $324,000. Surplus was $780,
Federal Sugar Refining-The COM
pany's annual report of operations for
the fiscal year ended May 25 last
shows profit for the year of So, ,172, ,945,
which compares with 1927, AGA for
the preceding fiscal year. After in
terest Of $225,427 and taxes of $1003,-
0O2, surplus available for dividends
amounted to $944,516. against $685.
5o4 for the year before. After allow
ing for 6 per cent dividends on the
preferred stock, surplus income avail
able for the $6,677,200 common stock
was equal to $1115 per share, COM
pared with S39.30 earned in the previ-
Gus year. Dividends totalled $500, ,088,
leaving balance for the year of $341,-
42S. against $2,624,136.
Power-The annual statement for the
company and for the Salmon River
Power Company for the year ended
December 81, 1917, discloses earnings
of $2,311,717, from which expenses of
$l,oS4,4s2 were taken. leaving gross
profits Of $1,227,225, against $f,156,1l9
for 1915. Operating expenses totaiied
S203,716, compared with $18T,49O for
the year previous. Other income
amounted to $31, ,586, bringing the total
income for the period to s1.055. .0e6
Surplus, was S128,991.
Alabama & Vfcksburg Railway-The
company reports total revenue for the
calendar year, 1917, of S2,139,315. com
pared with $1,818,132 for the preced-
ing year. Expenses and taxes totalled
$1,699, $3.50, against $1,457 ,224 for the
year before. Net operating revenues
We're S4S9,376, to which other income
of s186,286 was added, bringing the
gross income to s625,662, which COM
pares with S575,223 for 1916. After
interest, rentals, ETC., of 1922, ,s61 sur
plus for the year amounted to $500, SOL.
xicksburg, Shreveport & Pacific
Railway Company-TotaI revenue for
the year ended December 81 last, was
s2,2O6.657. After expenses and taxes Of
$l,bsl ,7lS, net operating revenue Of
SoTa,S44 was accounted for, which COM
oub. Other income amounted to Sl2s'-
3sf- against $l56,76l FOR the preceding
yetr. interests. rentals, etc, totalled
$if1s662, leaving surplus for the
Period Of $574, 1886.