The Commercial and financial chronicle . o call as a whole or in part for lmprovt fund on any int. Walla Walla Val. Trac. bonds arc guar. p. & 1. by the NorthwesternGas & Electric Co. A sink. fd. of 2% of bonds outstanding began April1911 for four years, 3% for next five years, then 4% to maturity. Aresubject to call at 105 and int. on 60 days notice. Northwestern Gas &Elec. bonds are subject to call on any Int. day at 110 and Int. s f. ; 1910-14, 2%; thereafter, 3%. Dividends.—Initial div.—1 ii%—on pref. paid Nov. 1910 and same since to and lncl. May 1911. EARNINGS
The Commercial and financial chronicle . o call as a whole or in part for lmprovt fund on any int. Walla Walla Val. Trac. bonds arc guar. p. & 1. by the NorthwesternGas & Electric Co. A sink. fd. of 2% of bonds outstanding began April1911 for four years, 3% for next five years, then 4% to maturity. Aresubject to call at 105 and int. on 60 days notice. Northwestern Gas &Elec. bonds are subject to call on any Int. day at 110 and Int. s f. ; 1910-14, 2%; thereafter, 3%. Dividends.—Initial div.—1 ii%—on pref. paid Nov. 1910 and same since to and lncl. May 1911. EARNINGS.—For 12 mos. ending Dec. 31 1910. gross, $930,825; net.$407,131; interest. $159;332; div., $87,500; surplus. $160,299. In 1909,gross, $764,524; net, $325,914. ROAD.—Operates miles of track In Walla Walla, 5 miles of track InAstoria and miles of track between Walla Walla and Milton. 21passenger and 17 freight cars, and 100-lb. T and girder rail. Stand-ard gauge. 102 ELECTRIC RAILWAYS [Vol. June, 3911.] ELECTRIC RAILWAYS 103 OFFICERS.—Pres., Guy W. Talbot; , E. W. Hill, F. G. Sykesand Edw. Cookingham; Sec, Geo. F. Nevins; Treas., E. P. Summerson,71 Bway, N. Y.; Asst. Sec. & Asst. Treas., M. H. Arning. Offices,Portland, Ore.—V. 90, p. 1617; V. 91, p. 467, 1163, 1634; V. 92, p. 462. PORTSMOUTH, OHIO. PORTSMOUTH STREET RAILROAD & LIGHT CO. ORGANIZATION.—Commenced operations in 1894Valley Traction Co. STOCK AND BONDS— Date. , $500,000 First mortgage, $250,000,J 1906 Leases OhioMaturity. Outstanding. $250,000 150,000 July 1 1916 5 g J-J gold, sinking fund 11nterest at Bankers Trust Co., N. Y., Trus Bonds.—A sinking fund will retire $25,000 of bonds annually; $100,000have been retired. Entire issue Is subject to call at 102. EARNINGS —For year ending Dec. 31 1908, gross, $164,064; net, $46,-424: Interest, $16,156; surplus, $30,268. ROAD.—Operates 14 M miles of single track, including 2H miles T rail.
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