New-York tribune., 1918-06-26
Corporate Returns
New York State IA,

New York State Railways.--Report for
the first quarter of the current year
shows gross revenue of Sc. 2.l33,752, which
compares with s2,172,752 for the same
quarter of the preceding year. Net
earnings totalled s561.197. agains.
s745.419 for the corresponding period
OF the year before. Surplus after
charges amounted to $oa.5s6, compared
with S296,624 for the same months Of
last year, decrease of S23S,03S.
American Power and Light Company
Gross earnings for May amounted
to s10I9,o26. an increase of $l59,230 over
the corresponding month Of 1917. Net
earnings were s39l ,953. compared with
$344.732 for April of the year before.
Gross earnings FOR the twelve months
ending May Il last totalled sl2,0S9.S59.
against Slo,1 5S,012 for the preceding
twelve months, an increase of $l,333,-
s47. Net earnings for the period were
$4.964,075.
Chicago & Western Indiana Railroad
Company. The annual report for the
year ended December 81. 1917, dis
closes total operating revenue of $170,-
les, compared with ,914 for the
previous year. After operating ex-
penses of 69,545, deficit amounted to
$4,000, which compares with 81 def
lct for the preceding year of S43.67l.
Other income totalled $3,S18,196,
against $3,G98,11O for 1916. Gross in
come was $3,7l8,806, from which inter-
est. taxes, etc, of $3,305,973 were de-
Quoted, leaving a net income for the
period of $412,833, compared with
S432,238 for the year previous. Divi-
dends paid during the year totalled
100000, the same amount paid the
preceding year. Surplus amounted to
S1l2,833
w. II. McElwaiu Company.-Statcment
Of operations for the fiscal year end
ed May 81 last shows total sales of
s35 ,552, ,691, against $29,14o,9s4 for the
fiscal year ended May, 1917 Net earn
ings after various deductions were
s1,01S,746, which compares with 81
06s,475 for the preceding year. The
undivided surplus at the beginning Of
the year totalled $1,719,6s5, to which
net after depreciation of s1,143,139
was added, bringing the total surplus
TO S2.862 1875, compared with $2,736,4l8
for the previous year. Federal in
come and excess profits taxes were
$12,439, and profit sharing plan
for executives, superintendent, etc.
amounted to $51 ,535. After dividends
of $596,892, undivided surplus to May
81, 1918, totalled S2,089,999.
Savannah Electric Company.-Gross
earnings for April were s92,579. an in
crease OF $l5,611 over the correspond
ing month of 1917 Operating expenses
were Ss2,7O4, leaving net earnings for
the period of $29,876, which compares
with S25,414 for the same period of
last year. Balance for requirements,
dividends and reserves amounted to
months ended April so, 1918, totalled
81 ,035,l3 After operating expenses
and taxes of $694 ,96l, net was S340,173
Interest charges were S274 ,205, against
$265,l9S for the previous twelve
months. Sinking fund requirements
were $4,000, the same amount paid
during the corresponding months of
the year before. Balance totalled $45,
968, an increase of $33,085 over the
same period of the preceding year.
Eastern Texas Electric Company
The report for April for the company
and subsidiary companies discloses
gross earnings of $S9,318. Operating
expenses and taxes were $51 ,409, com
pared with $41,843 fer April of the
year before. Interest charges totalled
S11,810, an increase Of 81 ,665 over the
s24,911, against s23,4s3 for the CORE
spending month of last year. Gross
revenue for the twelve months amount
ed to $975,911, an increase of $101394
over the same period of the preceding
year. Net earnings totalled $430,36S,
which compares with S404,573 for tne
previous twelve months. Other in
come was $24,571. bringing the total
income to s454.999. Afte. interest
charges CT $132,633 and sinking fund
requirements of S15,532 balance was
$306,774. compared with S292,SS4 for
the SAME months OF the year before,
an increase of $13,S90.
Connecticut Power. The company
reports gross earnings for April Of
$76.G07, which compares with S682sS
for the same period of the previous
year. After operating expenses and
taxes of $43,231, net earnings totalled
POo,C'O, uCCICuSS VI P@,tCN' OdtduCc
for reserves, replaccments, dividends
amounted to S13,5S1. Gross revenue
Cor the twelve months ended April 80
last We're S905,282, against s792,359 for
the preceding twelve months, an in
crease of $112,922. Interest charges
and rentals amounted to S198631, leav-
ing balance of $187,928. Sinking
fund requirements were $20,968. Bal
ance available for dividends, ETC., was
$166,141, a decrease OF $32,154 from
the same months Of the year before.
Great Western Power. - The COM
pany's report for May dscloses gross
earnings of s339.755. compared with
$323,929 for the same period of the
year before. Net after taxes totallcd
S20l,o15, against S20A,04 for May Of
last year. Surplus after charges
amounted to s4s,O62. which compares
with $4,000 for the corresponding
month Of 1917, decrease Of s5,547
Gross earnings for the twelve months
ended May 81, 1918, were s4,099, ,064,
compared with S3,867 .S0o for the pre-
vious twelve months. Net was s2,-
547, 500. Surplus after charges for the
reriod WAS S7279o2 arairs st S2Od A5()