Identifier: supcommercialfina90newy (find matches)
Title: The Commercial and financial chronicle
Year: 1910 (1910s)
Authors:
Subjects: Finance Banks and banking Securities
Publisher: New York, W.B. Dana
Contributing Library: Robarts - University of Toronto
Digitizing Sponsor: Internet Archive

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m from 1010 to 1919lncluslve.and $60,000per annum from 1920 to maturity of bonds, which amounts are to be In-creased proportionately as new bonds arc Issued; said funds to be InvestedIn the bonds at not more than 105 and Interest, at which price bonds canbe called for the purnose. Bonds arc to be kent alive and bear Interest.See V. 81, p. 1437. The bonds are listed on the New York and Philadelphiastock exchanges. V. 82. p. 806; V. 83, p. 1471. Of the Oregon Water Power & Ry. first mortgage for $5,000,000, $3,931,-000 are outstanding and no more can be Issued excepting $500,000 to retireunderlying liens. Bonds are subject to call on or after July 1 1912 at 105and Interest. A sinking fund for these bonds Is to be 25 % of net earnings,after deduction of Interest and taxes and betterment expenditures eachyear after July 1 1907. V. 81, p. 156. The Portland City & Oregon bondscan be called after Feb. 15 1911 at par and accrued Interest, upon 60 days June, 1910.J ELECTRIC RAILWAYS 95
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96 ELECTRIC RAILWAYS (Vol. lxxxx. notice. Sinkina fund of $5.noo per annum on these bonds for the first fouryears and $10,000 thereafter became operative on Feb. 15 1907. The Portland General Klectrlc Co. bonds are subject to call on and afterJuly 1 1915 at 107 H and Interest. A sinking fund of 1 % per annum ofbonds outstanding commences May 1 1915 EARNINGS.—For 12 months ending Dec. 31 1909. gross. $4,818,022;net, $2,621,526; fixed charges. $1,493,039; surplus, $1,128,487. In 1908,gross, $4,351,676; net, $2,229,190; fixed charges, $1,384,542; surplus,$844,648. Dividends.—Dividends of 1K% quarterly have been regularly paid onpref. since organization of company. On com., quar. div of 1% sinceSept. 1 1909, to and including June 1910. KOAU.- upcfdiLS a luih, .,. 2i. uiiiv.s of single track. Also owns waterpower of 25,000 h. p. on Clackamas Hiver and of 7,680 h. p. on WillametteRiver, together with transmission lines. Also a steam station of 12.000h. p. In PortianH rl.OOO n it Salcmi

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