New-York tribune., 1918-06-25

Corporate Returns
Puget Sound Traction, Light and

Puget Sound Traction, Light and
Power.-The company and subsidiaries
report gross earnings for April Of
1903, ,655, an increase of S148,968 over
the corresponding month of last year.
After operating expenses and taxes of
$565,868 net earnings totalled $337,787,
which compares with $293,803 for the
same period Of the preceding year. In
terest charges amounted to S174,312,
leaving a balance of S163,475, from
which sinking fund requirements of
$32,274 were deducted. Balance avail
able for dividends, reserves and re-
placements was S131,201. Gross earn
lngs for the twelve months ended
April 80 last were $10,172,653. Operat-
ing expenses and taxes amounted to
S6,306,621, leaving net earnings of
preceding twelve months. After in
terest charges Of S2,036.454 and sink
ing fund requirements of S375,882 bal
ance for the period totalled 81 ,453, ,695.
Duluth, Missabe & Northern Rail-
way Company.-The annual report of
operations for the year ended pecem-
Der 81, 1917. discloses total operating
revenue of $15,306,599, compared with
$14 ,389,277 for the previous year. Net
after taxes amounted to $5,727, 600, a
decrease of $2,096,688 from the year
before. Other income was $299, ,065,
bringing the total income to $6,033 ,284,
which compares with S8,033 ,284 for the
preceding year. Surplus after charges
totalled $4,810,953, against $6,862,168
for 1917, decrease Of $2,051,215.
Southwestern Power and Light.-The
company report for May shows gross
earnings of s399,995 compared with
s344,399 for the same month of the
year previous. Net earnings were
Sal 1896, against S146,100 for May of
last year. The twelve months gross
revenue amounted to S4,996,006, an in
crease of $559,640 over the correspond
ing period of the previous year. Net
after taxes for the period was
$2,048,985.
Western United Gas and Electric
Company.-Gross earnings for the
three months ended April 80, 1918,
were s483,33O, against s433,001 for the
same months Of 1917. Net after taxes
totalled $231,745, an increase of S12,144
over the corresponding period of the
year before. Surplus after charges was
$l51 1896.
Northern Texas Electric.-The COM
pany and subsidiary companies report
gross earnings for April of s267,e14,
which compares with $175,359 for the
corresponding month of 1917, an in
crease of $92,555. After operating ex-
penses and taxes. of $157,422 net earn
lngs of $110,491 were accounted for.
Other income totalled 1853, bringing
the gross income to $120,O74, against
S'l,352 for the SANG period of the pre-
cedlng year. Interest charges of $685.
277 and sinking fund requirements of
$2,959 were deducted, leaving bal
ance for dividends, reserves and re-
placements of $91,839. Gross revenue
tor the twelve months ended April 80
last were $2,932,283, an increase of
S903,318 over the previous twelve
| months. Operating expenses and taxes
totalled $1,646,S32, compared with
S1,200.271 for the same period of the
year before. Other income of $67,083
was added to net earnings of $780,
a5l, bringing the total income to
Si'5o1, ,554. Balance amounted to
$l,OO6,971, compared with $480,336 for
the corresponding months of the pre-
vlous year, an increase of S526. .635.
Ell Paso Electric Company-State-
ment of operations for the company
and subsidiaries for April shows gross
revenue of $102,665, from which operat-
ing expenses and taxes of $69,344 were
taken, leaving net earnings of $33, 1921.
After interest charges Of s5,441 and
sinking fund requirements of S198, bal
ance totals $26,682. Gross earnings
for the twelve months amounted to ST.
274.798, an increase of $95,639 over the
same months of the preceding year.
Net earnings were $451, ,147, from which
interest charges of $70,561 were taken.
leaving a balance of $380,586. Balance
available for dividends, requirements
and reserves was $378,207.
Galveston Houston Electric Company.
Gross earnings for the company and
subsidiary companies for April were
$2O5,0S3, which compares with $3.50 ,699
for April of 1917. After operating ex-
penses of $136,577, interest charges of
$29,563 and sinking fund requirements
of $40 ,164, balance was $28,778. Gross
earnings for the twelve months ended
April so last amounted to $2,265, ,272. OPP
Grating expenses and taxes totalled ST.
482,279, leaving net earnings of $780,
994. Interest charges were $339,181
and sinking fund requirements $780,
ments and dividends was $322,902.
Columbus Electric Company.-The
report for April of the company and
constituent companies for May dis
closes gross earnings Of $94,223, an in
crease of S10,5O7. Net earnings for
the period were $54,709, compared with
S53,966 for the corresponding months
of 1917. Interest charges amounted to
$28,199, against $24,s95 for the same
period of the previous year. Balance
was $21,912, which compares with $685.
723 for May, decrease of $3.50. The
twelve months, gross earnings totalled
$1,149,762. balance after expenses,
taxes. sinking fund requirements and
interest charges was $32O,167.
Mississippi River Power-Statement
of operations for the company for
April shows gross earnings of $193,-
233, compared with ,594 for the
same month of the previous year.
After expenses and taxes of $35,770,
net earnings of $157 ,463 were account
ed for. Interest and amortization
charges Of $104,363 were deducted,
leaving balance for sinking fund re-
quirements of $4,000. Gross earnings
for the twelve months ended April 80,
1918, totalled $2,073,005 against ST.
79o,643 for the preceding twelve
months. Net earnings amounted to ST.
,775. Balance available for divid-
ends, etc, was $243,711, compared with