6 PRIVATE UTILITIES REPORT $6,233,828 PROFIT IN '39
6 Private Utilities Report $6,233,828 Profit in '39 Telephone Firm's Profits Totalled $1,025,665 In State Six of the largest private electric and telephone utilities in Wisconsin reported to the...
...The company reported paying the firm of Miller...
...reported it had made a profit of $87,118 from its Madison exchange, with operating revenues being $966,998 and expenses $666,87...
...Following are the financial reports of the companies as filed with the commission: WISCONSIN TELEPHONE CO...
...8,639,272 Operating expenses...
...Senator O'Mahoney's Monopoly Committee pointed out in the lastest of the series of price repor;s it is making at the request of President Roosevelt...
...Mack and Fairchild of Milwaukee $32,876 for legal expenses...
...10,200: F. E. Chandler, traffic manager, $14,800...
...6.211,285 Operating expenses...
...W. D. Hobbins, vice president...
...914,13i Profit...
...Wisconsin Gas and Electric Co...
...6.649,280 Operating expenses...
...Wisconsin Michigan Power Co., $801,579...
...3,646,537 Depreciation...
...811,082 Taxes...
...1.160,570 Depreciation...
...438.026 The Telephone Co...
...E. A. Fritz, auditor, $14,000...
...W. W. Hiller, secretary and treasurer, $12,-000...
...The Wisconsin Telephone Co...
...reported profits of $1,025,665...
...f#3 Taxes...
...But the prices of raw materials— such as wool, cotton, and silk—went up Inst fall and are still up...
...Manufacturers, and dealers fear to raise prices above those levels because sales may fall off...
...893,411 Profit...
...3,702,2r8 Operating expenses...
...Northern States Power Co...
...Assets....................$59,797,216 Operating revenues...
...The later method Is being followed in many cases, the report shows by...
...For example, $5 Is a popular price for blankets...
...28,500...
...general commercitl manager, $15,500...
...and Lake Superior District Power Co., $438,026...
...2.616,527 Depreciation...
...1,031,389 Taxes...
...T. J. Mayer, plant manager...
...2,239,387 Operating expenses...
...president, $33,000...
...480,071 Taxes...
...The six companies reported paying total taxes of $6,715,123...
...War Prices Cut Quality, View WASHINGTON, D .C—The price rises due to the war are lowering the quality of products as we...
...Assets ...................$14,412,340 Operating revenues...
...Department stores, In particular, "will do all In their power to get something that can be offered at the usual price...
...J. R. O'Day, vice president, $16,700...
...Assets ....................$47,351,370 Operating revenues...
...620,833 Taxes...
...796,635...
...801,579 LAKE SUPERIOR DISTRICT POWER CO...
...c.ting business journals...
...G. F. Crowell, chief engineer, $12,500...
...Following are the salaries of officers of the Telephone Co.: W. R. McGovern...
...as boosting their cost to consumers...
...and T. B. Milne, general counsel, $15,000...
...F. M. McEniry...
...796,635 WISCONSIN PUBLIC SERVICE CORP...
...3,202,762 Depreciation...
...Wisconsin Public Service Corp., $1,-645,079...
...1,526,814 WISCONSIN GAS & ELEITRIC CO...
...Assets ...................$88,121,677 Operating revenues .......$18,364,150 Operating expenses .......$13,088,120 Depreciat'on .............$ 2.613.106 Taxes....................$ 2,046.290 Profit ...................$ 1,025,665 NORTHERN STATES POWER CO...
...1,645.079 WISCONSIN MICHIGAN POWER CO, Assets ....................$14,412,310 Operating revenues...
...The finished products made from these materia s, therefore, must be either raised in price or lowered in quality...
...The committee explained that consumers are accustomed to certain price Ices...
...752,643 Profit...
...1,612.260 Profit...
...6 Private Utilities Report $6,233,828 Profit in '39 Telephone Firm's Profits Totalled $1,025,665 In State Six of the largest private electric and telephone utilities in Wisconsin reported to the state public service commission last week they had made total profits of $6,233,828 in 1939...
...Assets....................$33,256,843 Operating revenues...
...868,714 Depreciation...
...416,016 Profit...
...1,526,844...
Vol. 10 • April 1940 • No. 15
