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The Investors'
SUPPLEMENT
TO THE
01»roERCIAL
&
P lWAWClAL Q hRONICLE.
(]|
GENERAL INDEX.
Paob,
EDITORIAL ARTICLESRAILS AND THEIR WEAR
3
DRAWBRIDGES AND LIFT BRIDGES
FREIGHT TELPHERAGE
GRAVITY UNLOADING
NUT- LOCKING DEVICES
STEAM RAILROADS
4
4
5
6
7
MISCELLANEOUS COMPANIES
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST GO'S
...
-
N. Y. AND BROOKLYN FIRE INSURANCE GO'S
GAS COMPANIES, (See also " Miscellaneous.")
railroad earnings monthly
We
-
-
-
-
149
-
-
174
174
174
174
175
have no extra copies of this Supplement.
-A.-px*il
WILLIAM
B.
25, 1903-
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEARL STREET,
Entered according to Act of Congress in the year 1903 by
,
WnxiAM B.
Dajxa.
Company, In
NEW
office of
YORK.
Librarian of Congreae, WaaMngton, D. C.
JOHN
DAVIS &
H.
CO.,
BANKERS
AND
DEALERS
IN
MEMBERS OF
Buy and
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HIGH-CLASS INVESTMENT SECURITIES.
NEW YORK AND PHILADELPHIA STOCK EXCHANGES.
Stocks on
all
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ON COMMISSION ONLY, and
carry Stocks and
Bonds on margin.
Brown Brothers
IVEAV
PHILADELPHIA,
&, Co.,
BOSTON,
"\rOIMi:,
4th and Chestnut Sts.
59
WALL STREET.
5© State
SL
AND
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SONS, Baltimore and
AI.Ii
Oalvert
Sts.,
Baltimore.
CONNECTEB BY PRIVATE WIRE.
Members of tbe Ne^v Tork, PUladelphla and Baltimore Stock Excbanses.
Execute Orders on Commission for Purchase and Sale oi Stocks, Bonds, and all Investment SecurInternational Cheques. Certificates of Deposit.
ities. Bills of Exchange Bought and Sold.
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lietter*
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&
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AND
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ji
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AND OTHER
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HARTFORD, CONN., represented
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PHILADELPHIA,
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OUR
Securities.
LIST
by
j^^^^^ L^f^ Building.
CHICAGO,
represented by
H. CHAPMAN,
421 Chestnut Street.
ILL., represented by
D, K.
DRAKE,
414 Continental Nat. Bank Bldg.
OF INVESTMENT SECURITIES SENT ON APPLICATION
GOLDMAN, SACHS &
CO.,
BANKERS,
Nassau
Street, Cor.
of Cedar
(BANK OF COniMERCE
Street,
New
York,
BUIIiDING*''
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HIigliL-Gr2?acie ZBozxds-
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(
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Successors
WALL
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&
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AND DEALERS
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)
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AND UNDIVIDED
CITY.
PROFITS,
$3,000,000
Manhattan Trust Company Is a Legal Depository for Court anrt Trust Funds and General Deposits. Interest paid
on balances subject to cheque at sight through the New York Clearlng-Honse. and higher rates allowed upon deposits
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The Company Is authorized to act as Administrator, Executor, Guardian and Receiver; as Fiscal Agent for the payment of Bonds, Coupons, Dividends, etc., of States, Municipalities, RaUroads and other Corporations; as Trustee
under Mortgages or Deeds of Trust securing Issues of Bouds, and as Registrar and Transfer Agent of the Stocks and
Bonds of Incorporated Companies; as Trustee of Estates and Individuals, and for the transaction of all such business
exceptional f acuities are offered,
OFFICERS.
JOHN WATERBURY, President.
W. NORTH DUANE, 3dV.-Pres.&Treas.
CHARLES H. SMITH, Secretary.
I.
JOHN KEAN,
AMOS T. FRENCH,
;
Vice-Presidents.
E.
A.'SKINNER, AssT. Secretary.
FREDERICK DWIGHT, TRUST
OFFICER.
DIRECTORS.
Rndulph Ellis, Philadelphia.
Francis B. Appleton, New York
AufiTUst Belmont, New York.
George F. Baker, New York.
H. W. Cannon. New York.
B. J. Cross, New York.
Amos T.
French,
New York.
New York,
James O. Sheldon, Mew York.
R. T. Wilson, New York.
John L Waterbnry. New York.
E. D. Randolph,
New York.
Grant B. Schley,
James J. Hill, St. Paul.
John Kean, New .lersey.
Daniel S. Lament, New York.
Oliver H. Payne. New York.
N.
W
HARRIS &
CO.,
BANKERS,,
& 33 PINE ST^
31
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YORK.
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trust funds and^savincs.
TRAVELERS' LETTERS 01 CREDIT
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Stocks and Bonds, either for Cash or on Margin, and deal in
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CHARLES
MORSE.
D.
MARVIN.
GEO.
SIMON BORG &
20
NASSAU
Bankers,
STREET,
ITIEniBERS
S.
COB.
CO.,
NEW
YORK.
OF NE^V YORK STOCK KXCHAXGE.
Investment
Prime Bonds and Guaranteed Stocks
tor
Securities.
Savings
Banks, Institutions,
Trust
I
Estates
and Individual Investors a Specialty.
LIST
OF INVESTMENT OFFERINGS SENT ON APPLICATION.
The INVESTORS'
SUPPLEMENT
-TO THE-
ommercial &
(C
F inancial
(][
hronicle.
Entered aooordtnf? to Act of Congress In the year 1903, by William B. Dajsa. CJompaitt, In the offloe of Librarian of I'Songresa, Washington, D. O.
A weekly newsoaper eniered at Post OfBce. New York, an second-class matter— William B. Dana Compant. Publishers, 76>^ Pine St., N. T.
NEW
Vol. 76.
The
YORK, APRIL
Investors' Supplement.
The INVBSTOHS' BtrppLEMENT, Issned auarterly, is furnished trithout
extra charge to every subscriber of the Chbonicle.
Thr Bank and Quotation Supplement, Issued monthly, Is also
tnmished without extra charge to every subscriber of the Chbonicle.
The Stbebt Railwat Supplement, Issued three times a year, is likewise furnished
extra charge to
witTuyiit
every
subscriber
of
the
Chbonicle.
The State and Citt Supplement, issued semi-annually, is also
furnished without extra charge to every subscriber of the Chronicle.
25, 1903.
not been
made when
rapidly
they crushed
;
No. 1974,
laying the
down
cheapening in steel-making led
to the
;
London Agents.—Messrs. Edwards <& Smith, 1 Drapers' Gardens,
E. C, will take subscriptions and advertisements, and supply single
copies of the Chronicle at Is. each.
WILLIAM
DANA COMPANY,
B,
Pine Street, Cor. Pearl Street,
New
out
of proportion
on
if
The index
Supplement
TOBS'
may
regularly used
is
be found in the Inves-
of October 1902.
a
off
;
it
thi'ead.
now had been
in
company had darc-d
would speedily have
run
it on roads as they were then, it
pounded the structiu'e to pieces; it would have been as
impracticable for use in ISGO as a Taunton locomotive of
18G0 would have been on the Liverpool & Manchester
The road
structure
it
is
;
and the
tall
rail)
each other
office build-
a cause or a condition of the other. With-
out the elevator the
impossible
(including the
are related to
as the passenger elevator
ing are; each
of the mortgage abstracts which have ap.
peared in the CheonicLiE
such a train as
to snip
existence forty years ago, and if any
much
MORTGAGE ABSTRACTS.
without
road and track of to-day
tlie
and the train which runs on
York.
*
rail,
which the remarkable progressive reduction in fi'eight
would have been impossible.
Such a train as was in use forty years ago would be
road in 1830.
Publishers,
steel
rates
But
postage on
the same is 18 cents. File covers for Supplements can be had at
office for 65 cents or mailed for 80 cents.
the joints,
;
teen Dollars (which includes postage) in Europe.
at 50 cents each
wore
where each end was all unsupported laterally and they
split and splintered at the edges.
ImproA^ements and
would resemble using a broad axe
Chronicle are sold
rails
especially at
flat,
Terms for the Chbonicle, Including the four Supplements above
named, are Ten Dollars per year within the United States and ThirFile covers of the
The
rails.
tall
building would be commercially
without the building the elevator would not
have been developed
and without the skeleton form of
construction there could be no tall buildinss
the thick
walls would consume the ground area.
So the railroad
of to-day would be useless without the modern locomotive
and train, and the locomotive and train would be impossible without the modern road.
The office building is
;
—
BAILS AND THEIR WEAR.
One
first
of the practical
encountered by the
locomotives constructed in England, crude and small
was
the cast-iron
were quite too heavy for
plates " then in use, which had been made
much
When
as they were,
<'
difficulties
for
a
that they
less trying service.
the plans
for the
& DarKngton road were under consideration in
George
Stephenson advised the projectors not to use
1824,
a single cast-iron rail, although he had a patent on one
and its adoption would have been directly profitable to
him ; he urged the laying of malleable rails instead. The
Stockton
malleable
rail
was
''
fish-bellied," 2 inches
rested on the chair
and 3^
weighed 28
the yard,
against
was
£5
lbs. to
deep where
in the middle part
and
10s. for the cast rails
cost about
;
so,
;
£12
as-initial
it
the rails
per ton,
expense
quite as vital a matter in railroad building then as
it
has ever been since, the required 1,000 tons were divided
equally between the two kinds.
The
railroads of the middle
trouble with their
rails,
of the century also had
which had assumed the T-section
and were of rolled instead of cast iron. At one time
there were occasional derailments by what was called
"creeping,"
ment
i.
e.
displacement because proper arrange-
to take care of
expansion under the sun's heat had
practically a steel bridge standing on end, -with cars ply-
ing tlu-ough
it
development
changed as
fi'om the
But
;
and
all this
—including the
to
new
be almost a
ramifying and multiplying
railroad,
new
which
construction
so
much
—has
come
is
era of steel production.
and its limit, and
some outline cuts
Gazette," showing graphically some re-
the steel rail itself has
its trials
the foregoing remarks are suggested by
in the " liailroad
markable wear on certain rails in a very trying spot.
The spot is the Horseshoe curve in the Alleghanies, and
the rail is the standard one of the Pennsylvania road.
On every curve there is a tendency in the train to keep
tendency being proportioned to
the sharpness of the curve and especially to the speed of
to the straight line, this
the train and weight of the train
steer
(so
to
speak)
the
train
;
the rails are obliged to
away from
the natural
straight line, just as a ship's rudder steers the ship, which
moves ordinarily in a straight line, the influence of
winds and currents excepted. For this reason the track
is made to incline to the inner side of the curve, and the
traveler who cares to take notice can always tell tlie
also
SUPPLEMENT.
INVESTOES'
LXXVI.
rvoL.
rises.
by observing which side of the car on the "bascule" plan, a counterweight working up and
Xecessarily, the outer or high rail bears the brunt down within a pit and balancing the structure.
The
of
" steering " service
direction of the curve
tliis
;
the wheels press against the
inner side of the outer rail on the curve in their
obey inertia and continue in the straight
line
eflfbrt
to
so the in-
;
side of the outer rail gets a greater wear.
first
bridges of this kind were
trunnions, and
move
some
still
are;
hung on huge
pivots or
but the power required to
heavy a weight is considerable, and the most
improved design substitutes large rollers in such a way
so
The two rails illustrated were laid in 1895, and were as to lessen the frictional resistance.
As remarked above, the main advantage of the "lift"
removed after 28 months' service. The inner or low rail
all
over
the "draw" bridge is that it leaves the entire width
lost 16 lbs. (16 per cent) of weight, which was almost
on top of the tread
of the
the outer or high one
As
tread.
the
20*3 per of the stream always open and unobstructed; the nar-
lost
was even more on the inner
cent, but this
top
;
than on rower the stream the greater
side
wheels pressed close up
against the side (being held by the
from sliding also
flange
as the flange was not quite as wide as
**bead" or
flat strip
had cut
way
its
the
rail,
remained below where the flange
in.
sible for
it
men, yet
it
that
5
This subject has the most immediate concern for professional raih-oad
is
A
be even 1,000 feet wide.
when
peculiarity
"up" it is itself a
as the unbroken view extends, and
the bridge
is
and signal as far
a little becomes a gate across the approach.
the flange cut directly into the side of the rail
oflt)
may
open space
a car or a train to "run
ofi"
can be run against the bridge
It
if
visible
it
also
thus impos-
is
the draw," although
itself.
The claim
safety on this score needs a little qualification,
has an incidental interest for for
and the
advantage,
this
of
however,
the halves are raised to nearly the vertical (as they
must be in order to clear the full width of the stream),
tion is a very practical and a very complicated business. they become "bumping-posts" which would stop a train
Because we are accustomed to see trains operated with too summarDy; yet when raised only a little they may
almost unvarying frequency and precision, we come to evidently act as safety stops. An instance of this acexpect and demand this, and are disposed to be impatient tually occurred, a year ago, when a motorman disregarded
even if they fail to come in on time so it may be well the signal and ran along as one of these bridges over the
The forward car ran nearly
to be reminded how full railroading is packed with diffi- Chicago Eiver was rising.
culties
^mechanical, executive and financial.
It is an off the half-bridge but not quite, being checked by the
intricate piece of machinery, which requires the highest incline which the rising structure had assumed; the only
damage was the crushing of the platform hoods and the
order of ability throughout.
derailing of the forward car; but if the draw had been
of the revolving type the train would have gone into
everybody, for
it
illustrates the fact that
railroad opera-
;
—
DRAWBRIDGES AND LIFT BRIDGES.
the river.
Another feature is that a wide bridge of this type is
Aaving a traffic so heavy that it cannot be interrupted, only several narrow ones placed side by side, and so the
as in the familiar case of the East Eiver here, the width may be increased subsequently as desired. It is
structure must be elevated sufficiently to clear vessels also claimed that this type is more economical of space
and can then be permanent; but the grade on the ap- on the shore, and can be built and operated at a lower
proaches is so intolerable in practice, and the navigation cost, as well as being more rapid and easy in working.
These are substantial claims, and the type has come into
is so seldom continuous, or nearly so, that the compromise
of a movable portion or "draw" is used.
The usual enough use during the past ten years to show tiiat it is »
practice is to have a section of the structure pivoted distinct improvement for railroad service.
When
and
a bridge
is
to
be carried over navigable water
when
swinging horizontally;
other
portions,
the channel.
and when opened
Of
course
it is
so
closed
it
is
it
joins
the
parallel with
placed as
the best portion of the channel, but the pier on which
it
an unavoidable obstruction. If the deeper
part of the channel is narrow the pier is the more obstructive; if it is wide, the pier is an obstacle in the centre,
which is the best portion, for one full width of channel is
much better than two narrow ones. This is the main defect of the common draw, and the desideratum is to get
is
borne
is
the entire length of the
bridge removable,
water shall be as clear as
if
FREIGHT TELPHERAGE.
uncover
to
that the
so
We have all become
familiar with electricity in
many
varied phases of service, including the transportation of
passengers,
and undoubtedly
destined to increase.
freight
Some account
carrying by
it
is
of an interesting
system of small electric factory railroads which is coming
into use has been given in a former Supplement, but
there
is
another
freight-handling system
that follows
along the processes of merchandise production, and
no bridge had been placed also related
to
railroad
work because
it
is
is
a potential
auxiliary in freight handling.
there.
The only method of accomplishing
this is to
revert to
This goes by the general
name
an idiosame manner
of telpherage,
matic word made
haps earlier times, which was a trapdoor construction, as " telegraph " and " telephone." The reader may have
hinged, to be let down for use and drawn up for disuse. noticed a single elevated rail, supported by brackets, exIn essence, the pattern is like the double doors of a tending over a steamship pier this may be worked by
the type of the original drawbridge of medieval
up from the Greek in the
or per-
;
even then a form of telpher, being an
up to the vertical. The removable bridge of this pattern adaptation of the barn door hung from a rail on which it
Telpherage is an electric railroad which adapts
is in two parts, hinged at the shores, which meet in the runs.
In the majority of cases it is a
centre as they close and then form a continuous roadway itself to circumstances.
without pier or any support; but there is improvement small elevated road which goes level or on a grade, in
in the 'Qiinge" and other details.
Of course the struc- straight lines or around " S " curves, as may be conven-
hatchway, which come down
ture
is
thick
to close the
opening or turn hand, yet
and heavy at the shore ends, being made
ient.
it
It is
is
hung from
the outside of buildings
by brack-
INVESTORS' SUPPLEMENT.
April. 1903 J
eted supports; or it lias a more elaborate overliead
" shaped or otherwise it crosses ravines
structure, "
A
;
equivalent to keeping a considerable
shifting freight, is
percentage of the total number of cars peraianently
idle.
What this amounts to is a matter of estimate on which
it uses small
which suits the particular carrying it picks up, carries there can be no exact agreement, yet it must be conand deposits; it loads and dumps; it carries its operator siderable, and it represents waste and obstruction. There
with it, or it works automatically without one from either has been rather an unusuallv notable congestion of
or both ends of the run sometimes its rail is purposely freight during the past year, which proceeds not more
set on a grade and it raises a loaded bucket from one from the labor of hauling the cars on their actual runs
point, the bucket and contents running by gravity to the than from the expenditure of time in handling the freight
duiuping place, where the load is automatically dumped, and getting the cars at liberty to be hauled. Of course
the empty bucket then being drawn back up the incline this consumption of time in freight-handling can never be
or even rivers
cars, buckets, or anything
;
;
;
by a counter weight, and then the process
is
repeated in-
promise of lessening
definitely.
This
is
motor.
a sort of trolley line, of course using an electric
It
may
be underground, and
tubular dispatch
or
;
it
it is
fair
worth consideration by railroad
interests.
then called a
is
may run on
but any system which gives
eliminated,
entirely
the surface.
generally elevated, sometimes as high as 100
It is
GRAVITY
from
feet
UN^LOAJyiKG.
The common modes of unloading fr'eight cars are
enough to conveniently clear
everything.
It carried coal and ashes, or multiform three: shoveling out by hand labor; dumping, as with
materials and products in their several stages between the contents of gravel or coal cars, the car body tipping
the buildings of a factory.
Its essential idea is to bring up after the fashion of a road cart or a handbarrow; and
the ground, but usually just
the carrying apparatus to
the
load
carrying apparatus;
the
to
bringing
load, instead of
the
it
truck
a
is
manner of a
di'oppuig out through the bottom, after the
trapdoor.
A
common form
of car body
the
is
hopper,
which hunts out the load where it is, picks it up and for material which is in bulk, like coal; but this has the
It would be impossible, ex- serious objection that its converging sides also converge
takes it to the desired point.
The
cept at considerable length and by the aid of cuts, to in- the load and cause it to jam instead of to flow.
dicate the detailed services of which this system is great problem is to devise means for attaining an autocapable; having found the particular need,
adapts
The
actual operating cost
be low, since the power consumed
is
also claimed to
is
very moderate and
nearly every factory or dock now-a-days has a power plant
of
is
own, so that independent installation
seldom required.
for telpherage
its
There
is
matic discharge by gravity, and to make
this
discharge
using the almost exhaustless flexibility of certain, rapid and controllable.
itself to that,
electricity.
it
a saying that
half sold, but
car attains this by a device of great in-
genuity and simplicity
they are done,
—one
true of goods which are
which, after
so
obvious that everybody must
fii'st
contemplation of the problem.
seem
think of them at the
things
of the
The construction cannot be
goods well bought are already
quite as
this is
The Goodwin
fully
described in
detail
without cuts, but the car might be called a modified and
The
greatly improved hopper.
cross-section
of the car
—
well made, i. e., economically made.
The competitive body omitting the inclined or vertical parts which raise
struggle over the civilized world is how to reduce cost of the load-compartment a little higher, acting thus like the
production without sacrifice of quality. The factor of "sides" of a handbarrow is in the general form of a capital
transportation and handling is an important part of pro- "X."
The load is carried in the upper half of this X,
—
duction cost, and this factor runs along from the getting
of the material itself out of the
earth,
through
processes
all
common
consumer
the
until
—
storehouse, the
is
and, so
far, it
converges as in the
common
the lower parts of the upper halves of the
hopper; but
X are capable
of opening on the point of intersection as on a hinge, either
The costs of handling
Thus the load is set free to
e., carting, picking singly or simultaneously.
up and moving are a considerable percentage of the move downward by gravity, and either of the lower
total cost of merchandise, in many cases.
Whatever halves of the X becomes an inclined slide along which
lowers these costs favors freight and is of interest to rail- the fi-eed load passes.
The lower halves of the X are
reached.
—
but telpherage goes
^i.
and offers direct
service to railroads in handling baggage and miscellaneous freight at docks and freight yards. For instance, the
telpher receives a load at the car door, raises it enough
to clear obstacles, and carries it to the freight house.
It
eau pick freight directly out of the centre of a close car,
roads;
although not yet able
take
to
cars are constructed (as
hereafter) so
as to
farther
it
from the ends
perhaps they
to load
but
when
for
their
entii*e
and unload from
the entire length.
What
it
take freight from
which undertakes
anywhere
;
or to
trucks for local distribution
it is
o3"ers to
cars on the
the
houses or freight sheds
where
;
to pick
up any-
do for railroads
transfer
or to take
doubtedly the waiting time of
to
but the
entire
it
it
upper halves are kinged
again at their upper ends to the cross-fi'ame of the top,
so that one or both
may
be opened out wide.
The
result
movements is that the load may be discharged
downwards on the track just within either rail or
of these
equally inside both, or
it
may
be shot out to either or
an embankment or into any convenient receptacle.
The
load moves itself without being touched; this
is
to
like coal, gravel
and
and quite large
ore,
rock,
of comparatively easy
is
flow,
but of red-hot cinders, pig iron
except that no material larger
than broken stone ballast should be discharged between
to wagons or the rails, lest it should jam. The car valves may be con-
tracks
to the
ware-
to other tracks
to be loaded inio cars for smaller cities.
eountry, due
this,
controllable, separately or together;
true not only of materials
this carrier
thing and carry
not only
and
be some time both sides so as to clear the track entu'ely and faU down
may
uncover at the top
length, the telpher will be able
;
similarly hinged
Un-
nected and Avorked simultaneously by air pressure, so
that a whole train
may
be discharged by a single move-
ment, or they can be worked separately by hand; the
delays in loading and unloading and load may be discharged simultaneously in several directlie
freight
cars of
tliis
6
mYESTORS' SUPPLEMENT.
tions,
and
running at the usual
also while the cars are
speed of freight trains.
The
car
is
pressed-steel
of the
having the advantages of
construction,
type in
that
and strength.
There is a large economy by such cars in the space
and construction cost required for trestles, chutes, docks
and the like. Trains save the time ordinarily consumed
in unloading car by car; a coal train can back upon a
lightness
dock and, without uncoupling or
can drop
shifting,
its
load into barges, and pull out, a train of forty
tire
en-
cars
being capable of discharging 1,G00 tons and pulling out,
along the
Great Lakes a masterful method, characteristically American in its boldness, has been employed for discharging
Six different machines, working successively, each
coal.
own way,
in its
as flour
is
the car
lift
up and
turned out of a scoop.
of the boldest of these dumpers
"A
load out
tip the
is
of
it
places,
contact of parts
The " finer
hence the
is
But
hill.
otherwise;
and
thread the less
steep
tendency in the nut
deep according as
strength,
indispensable.
" the
less
down
to slide
made
railway construction, where firm
as in electric
the
thread
the
finer
so there is
—
e.,
i.
must be shallow or
and it could not be
the thread
fine or coarse,
it is
back loose
to
and
its slope,
necessarily a
the
less
its
proportion
close
This method of making nuts hold their grip
comes down."
According to the railway journal which furnishes the
it
operation
all
sorts, and it is also most hurtful there, for whenever
moving or jarring parts become a little loose they tend to
"pound" and batter each other; there are also many
thread.
A
description, this
machinery of
vibration, as in
is
thus described:
is
the simple movement of a lever both
the car and 'pan' (a part of the machine) are now
caused to tilt over, one towards the other, the coal
sliding out into the pan.
At the proper moment the
pan begins its backward movement, permitting the car
to be turned completely bottom side up, to the end that
every vestige of coal may be removed.
In its dumping
the tracTc follons tip the car, the latter, as it is being
tilted, coming in contact with heavy chains which hold it
Both car and pan are now returned
firmly to the track.
to their first position, and the operation of loading the
vessel is begun.
"The loaded pan, by the movement of another lever,
is sent to the top of the tower, the jaws of the chute
finding their position below the bottom.
gate in the
pan is now opened, and the coal slides out and down
through the chute. While the pan is emptying the
dumped car has been pushed out of the way by a loaded
one which takes its place, ready to be tilted into the pan
when
greatest where there
the diameter of the bolt
By
proper point.
keeping this compression grip firm, for the nut always
has a tendency to slip back a little.
This tendency is
The operation of one between
run into a siding having a slight
gradient.
The first car is uncoupled and moves slowly
down to a point over a 'puller,' which hauls it up to the
train of coal
LXXVl
Vol,
compress together the two portions of material through
which it passes. But there is always some difliculty in
all
At some wharves
within five minutes' time.
I
reduces
the
cost of loading
some 90 per cent. If that is a corthe economy of an operation which,
vessels with coal by
therefore
impracticable, but
One
the purpose.
placed between the
first
jam
the
first
bolt,
devices for
is
a D-washer
often
;
is
two, the idea being
depending upon setting up
nut and
many
the lock-nut, which
is
nut forward without turning
of the
are
there
of the oldest
a second nut run on to
is
and the " pitch " of the
to press the
"
the
lock " always
it,
between the threads
so that they may mutually grasp
fiiction
each other.
We
cannot attempt to even mention
some of which are hard
may
common
but
it,
split
describe without
to
In one, a
refer to a few.
these devices,
all
circle of
a drawinar,
wire like the
key-ring follows the nut and lies up against
gripping the thread by
device splits the nut
its
itself,
own
Another
elasticity.
the intent being to
make
press and bind on the thread by the act of driving
home
to its place.
for use in track
Another, which
is
it
it
up
intended especially
work, consists of a square washer with
two opposite edges turned over. These edges rest on the
and the whole washer has a springiness which
keeps the little jars from loosening the nut the hole in
the washer is also cross-cut on its edges, so that the cor-
fishplate,
;
ners of the square nut are expected to be gripped as well
Another
where nuts
daring as it is, seems to resemble, in comparative clumsi- are tightened against wood, consists of a washer -plate
ness, driving a spigot by ramming the barrel against it, which has on one edge spurs that are pressed into the
the cost of handling by the Goodwin dropping device wood and on the opposite edge two spurs that are turned
up against the side of the nut after it is screwed into
ought to come near to zero.
very ingenious device is the Columbia lockHowever that may be, this car is surely an interesting position.
and suggestive example of improvements in hauling and nut, made in two parts. The inner nut is threaded, also
handling which and not statute laws have brought slotted through on one side, and its outside is tapered;
the outer nut is tapered to fit the inner one, but is not
down freight charges.
Both being either hexagonal or square, when
threaded.
rect
estimate
of
by their
elasticity.
device, for use
A
—
—
the outer nut
NUT-LOCKIJ^G DEVICES.
A
screw thread
round a cylinder.
is
spirally
or slope of this plane de-
termines the fineness or " pitch " of the thread, which
usually designated by the
longitudinal
inch on the
number
is
of threads or turns per
cylinder.
turned
it
carries with
it
and
the inner
threaded one; but as the outer nut projects forward at
an inclined plane carried
The grade
is
In use, one thread
the start,
it
comes up against the seat
Further
first.
turning forces the inner nut into the outer,
when
the
action of the two coned surfaces on each other squeezes
the split inner nut together and jams
bolt.
The
greater
the
strain
it
hard down on the
exerted
drive
the
forced into
gi-i])
to
runs into, or upon, another, giving either the common
wood screw or the machine screw, the latter generally
outer nut the harder the inner one
made as a bolt-and-nut.
The advantages of a screw over
the merit of neatness and simplicity, and seems to be
removal,
its
firmer
hold
in its
a nail
place,
and
are
its
its
ease of
power
to
on the
bolt.
in principle
produced
is
This device of a double nut has visibly
one of the most correct and efiective yet
RAILROAD
COMPANIES.
Miscellaneous Companies see pages 149 to 172 inclusive.)
i^'OR
EXPLANATORY.—This Supplement Is expressly intended for use In connection with the Investment news and official reports published
from week to week In the Chronicle. Frequent reference Is therefore made to the volume and page of tho Chronicle (as, V. 64, p 000)
where fuller information may be found. Following each statement also Is given a reference to the latest news Item in the Chkonicle respecting
the company. As every such Item contains a reference to the last preceding item, the reader can run back over the company's history
at pleasure. Annual reports are in black-faced figures, and italics indicate a paragraph headed by the name of some ot/ier oompany.
Index. — Any company not in its regular alphabetical order may be found by means of the mdex to roads leased and consolidated.
Dividends.— The dividends tabulated in the text are those actually paid during the calendar years named, irrespective of when earned.
Net earnings are given after deducting operating expenses and usually taxes, but not interest, rentals or other fixed charges.
Securities.— These are described in table at head of page [except the stock, for lack of space, sometimes only in text below] as follows
Miles of floarf.— Opposite bonds, this means the miles of road owned covered by the mortgage.
Size or Par Value.— Sho-WB (in dollars unless otherwise marked), the denominations or par value, " 100, &c.," signifying $100 and larger.
Rate Per Oent.— The interest and dividend rate, per annum la here shown g., gold; cur., currency x, extra s. stock or scrip.
When Payable.—J. & J. stands for January and July; F. <fe A., February and Aug'ist; M. & 8., March and September; A. <fe O., April and October
M. & N., May and Nov.; J. & D., June and Dec; Q.—J., quarterly from Jan.; Q.— F., quarterly from Feb.; Q.— M., quarterly from March.
Ttoyids, principal whetidtie, e<c.— This column shows the date when the bonds mature and the amount and date of the last dividend.
At>brevialio7i.<i in table:
M. for "mortgage;" gen. M. for "general mortgage;" con. M. or consol. M. for "consolidated mortgage;" Inc. M.
or "income mortgage;" g. for "gold;" o. or cur. for "currency;" guar. p. & 1. for "guaranteed principal and interest;'' cum. for
" cumulative " non-cum. for " non-oumulatlve " oonv. for " convertible " pref. for " preferred " s. f. for " sinking fund " 1. gr. for " land
grant;" r. fully "registered (no coupons);" o. "coupon;" o.* " coupon but may be registered as to principal; " br. " branch; " end. "endorsed;"
"red." redeemable, d'rn"or "dra*n" sublect to call when drawn by lot; "p. m." "per mile;" as'd "assumed." "x" Principal and interMortgage Trustees and Stock Transfer Agents (TR Treasurer's Office) are indicated thus
est payaole without deduction for any tax.
New York City—
N. Y. C\Ty—( Ooneludtd—
Baltimore—
Pittsburq—
Louisville—
A— Atlantic Trust.
Bait. Tr. & Guaranty.
BBa*—
StondarJ Trust.
P PI— Fidelity Title & Trust.
Cli— Columbia Finance & Tr.
B— BowliDg Green Trust.
C!oBa— Continental Trust.
Ta—Trust Co. of America.
Fl,— Fidelity Tr. & Safety Vlt. P Pi— Pittsburg Trust.
Ce— Central Trust.
Fidelity & Deposit.
FBa—
II n— Union Trust.
Lli— Louisville Trust.
UPl— Union Trust.
;
:
;
;
;
CI— City Trust.
Col—Colonial Trust.
Co— Continental Trust.
P— Farmers' Loan & Trust.
O— Guaranty Trust.
K— Knickerbocker Trust.
Ma— Manhattan Trust.
Me— Mercantile Trust.
Mo— Morton Trust.
Mp— Metropolitan Trust.
N- N. Y. Security & Trust.
Mo— North American Trust.
IJs— United States Trust.
DBm— U. d. Mort. A Trust Co.
Boston—
;
;
MBa—
Maryland Trust.
S Ba—
Safe Dep. & Trust Co.
He Ba— Mercantile Tr. & Dep.
Chicago-
;
Philadelphia—
FP— Fidelity Trust.
<iP— Girard Trust.
Gu P— Guaranty Tr. & S.Dep.
St. Louis—
MSt— Mississippi Vallev Tr
AB— American Loan & Trust. A C— Amer. Trust & Sav. Bank.
SSt— St. Louis Union Truit.
BB— Boston Safe Dep. & Tr. EC— Eguitable Trust.
IB— International Trust.
IC— Illinois Trust & Sav. Bk. PIP -Provident L. &Tr
MB— Massactiu'tts Loan & Tr. MC—Merchants' Loan & Tr. PeP— Penn. Co. f or Insur. on San Francisco—
Lives & Gr. Ann.
NB— New England Trust.
NC— Northern Trust.
WP— West Rnd
Tr. & S. Dep.
O B— Old Colony Trust.
RC— Royal Trust.
CS—California Safe Depoilt
Trust.
SB—
UC— Union Trust.
State Trust.
Snb^criberct 'will confer a great favor
RAILROADS.
For explanation of column headings.
&o., see notes
above.
&
by giving Immediate notice of any error discovered In
Miles
Date
Size, or
of
of
Par
1902
$1,000
Amount
Road. Bonds Value. Outstanding
tbette Table**.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Cent.
Payable
Whom.
Bonds— Prtaoipal,WTien Due,
by
Stocks— Labi
Dividend.
i
Bar&er<o»iBeI/— lstM.,s.f.,text,g.lI«ni.o*&r
Alabama Qreal Soitt/i'n—"B" shares (English Co.).
Pref. "A" shares, (EngUsh Co.) 6%, £800,000....
iBtM. (American Co.) gold, $1,750,000
F.o
General mortgage, £1,160,000
Ce.c
Debentures, gold (English Co.)
o
Alabama Midlandr—See Atlantic Coast Line RR.
Ala. If O. Tex. ttPac.Junc.—Helevveii "B" shares...
Preferred "A" shares, 6 p. o. cumulative
"A" deben., red.aft. Nov.l,'10, atll5—Seetext.o
"B" debentures, income, red. after 1910 at 115.
"C" deb., income, subject to call any time at 100.
Alabama ce Vicfcsbiirg—titoo^ $1,050,000
* Vlcksb'g & Mer. Ist M. gold, $1,000,000. F
.xo*
Ala. & vicks. consol. 1st M., ($1,800,000) g..Ce.c
2d M.. originally $700,000. g.
Ce.c
Alaska Ventral 1st M., tr., red. at 105 after 1908.
Albany d jVort/iem--l8t M., g., ($50,000 are pref.)c
Albany <t ^it«g.—Stock, divl'ds guar, by D. <te H. (end)
Consol. M. ) (guar. p.<fc 1. end.) currency 7s. K.c*<fcr
nowlstM. s
do
6s, Interest only in gold
Albany <t Ferwon/— Stock, 3 p.o. guar, by rental)..
Allegheny (6 Western— Btock ($3,500,000)
let M. $2,500,000, gold, guar., p. & i. end G.c*..
Allegheny Valley— iBt M., guar. Penn. RR
o
Mort. to State Pa., $100,000 due Jan. 1, yearly, .r
Gen. M. {$20,000,000) g., guar. p.& 1. FPl.x.c*&r
J.ikr. rf
£10
£10
290
1878 $1,000
£100
1888
1886
£100
4g.
$1,000,000
£1,566,000
£676,070
9
$1,750,000
£526,000
£134,000
J.
&
June 1, 1942
Dec, 1891
D. N.Y.,U.S.Mort.&Tr. Co.
London.
do
In 1902 j."&"d.
6 g. J. & J. N. Y.,Farm.L.&Tr.& Bos
5g. J. & D. London, Glyn,MlIIs&Co.
do
do
6g. F&A15
Deo. 16,'02,5%
1908
1927
Aug. 15, 1906
Jan.
Dec.
1,
1,
£10 £2,500,000
£10 £1,500,000
1890 £50 &C.
£748,850
1890 £20 &0. £1,048,390
£810,652
1890 £20 &0.
.
143
143
143
143
"35
142
142
12
61
61
259
259
2.59
100
1881
1,000
1889 100 &0.
1889 100 &0.
1903
1,000
1896
1,000
100
1876
1,000
1876
1,000
100
100
1898
1,000
1870 $ (S £
1870 100,000
1892
1,000
"5"g. Mi&'N. Lon.,Glyn,Mllls,C.&Co. Nov.1,1910-40
do
Srov.1,1910-40
do
5g.
Nov. 1, 1940
5 g. A. & 0.
See text.
$1,050,000 6 in 1902 Yearly. N. Y., Central Trust Co. Aug. 9, '02, 6%
do
do
Apr. 1, 1921
1,000,000
6 g. A. <fe 0.
do
do
Apr. 1, 1921
588,800
Sg. A. & 0.
5 g. A. & 0.
do
do
Apr. 1. 1921
601,300
1933
See text.
5 g
400,000
Jan. 1, 1946
5 g. J. & J.
3,500,000
Jan. 1903, 4I1
9
J. & J. N.Y.,DeL & Hudson Co
Apr. 1, 1906
do
do
3,000,000
7 cur. A. & 0.
Apr. 1. 1906
do
do
7,000,000
6 g. A. & 0.
600,000
3,000.000
•2,000,000
9,998.000
600,000
6,092,000
3
M.
6g.
J.
4
6
g.
g. A.
or 7 A.
5
J.
4g. M.
&
&
&
&.
&
&
N.
J.
Troy, N. Y.
N. Y., Iselin & Co.
Mayl5,'03.1i«
Jaa. V, '03, 3
do
do
Oct. 1, 1998
0.
0. Phil., Pa. RR. Co. & Lon. Apr. 1, 1910
J. Pliiladelphia,Pa RR.Co Jan. 1 ,'04, etc.
8.
do
Mch.
do
1,
1948
Adirondack Ky.— In 1902 merged with the Delaware & Hu ison.
The Nov., 1901, coupon on B debentures was r>aid Jan., 1902. and the
1902, on July 1, 1902; the Nov. 1902 coupon was paid when due.
Akron Ac Barberton Welt RR.— Owns a belt line around Bar- May,
berton, O., 2*-17 miles in length, with 1375 miles under construct- A payment of 2Ss p. c. on "C" debentures was made in Feb., 1902, and
5 p. c. In Feb., 1903. V. 74, p. 93.
ion In Jan., 1903. A consolidation In May, 1902; V. 74, p. 1088.
Stock, $100,000, owned equally by the Pennsylvania RR., Bait. &
Ohio, Erie RR. and the Vanderbilt Interests. Bonds authorized, $1,600,000; $500,000 reserved for future requirements. They may be
drawn at 105 by lot yearly Deo. 1. beginning 19i)3, by a siu'^ing fund
of $11,550 per annum. V. 75, p. 440. President, James McCrea; Secretary, S. B. Liggett.— (V. 76, p. 434.)
Alabama Ureal Southern
f5e« Map Southern Railway.)
Owns Wauliatchie, Tenn., to Meridian, Miss., 291 miles; branch fines
owned, 6 miles leases Wauhatchie to Chattanooga, 5 miles, and Belt
Ry. of (Chattanooga, 45 miles; trackage to Blockton, Ala., 8 miles, and
woodlawn, 19 miles total operated, 374 miles.
Organization.—Controlled by Southern By., but operated Independently. V. 60, p. 26; V. 61, p. 375.
Ala. Great So. Ry., Limited,
owns all of the stock and debentures of Ala. Great So. RR., and has
issued in place thereof its own stock and debentures respectively
tor a Uke amount. The two companies own Jointly $833,300 stock
of Southwestern Construction Co. received in exchange for $833,800 Cln. N. O. & Tex. Pac. stock. See V. 65, p. 1173.
STOCK, Etc.—Of capital stock of EngUsh Co. the Southern Railway
Co. on July 1, 1902, owned $1,725,000 "A" shares and $4,540,050
"B" shares. V. 61. p. 26. For right to dividends see March, '94. Supp.
Funded arrears of dividend (English Co.), bearing 4 p. c. Interest,
£53,257; car trust notes, payable monthly to Mar., 1905, £156,609.
RR.—
—
;
;
966
OHaO
696689
000000
Dividend— ) '90. '91. '92. '93 to '95. '96. '97. '98. '99. '00. '01. '02.
"A"ehares.%V
9
"B" shares. %>
Bonds.— General M. 68, £484,000, will retire 1st 6s and debentures.
Latest Earnings— 8 mos. ) 1902-3. Gross, $1,777,061; net, $444,950
July 1 to Feb. 28.
^901-2. Gross, 1,687.826; net, 493,2-9
Annual Report.— Report for 1901-02, in V. 75, p. 664, showed:
OroBS, $2,487,454; net, $713,243; other Income, $11,561; interest
on bonds, $286,542; income tax, etc., $32,432; balance for stock,
$405,833; dividends on stock of American Co. (6 per cent), $185,437.
-(V.71, p. 601, 644, 1218; V. 73, p. 443, I0O8; V 75, p. 664.)
Alabama Ne*v Orleanti Texan dc Paclrtc Jnnctlon Rall^ayfi Co. (Limited.)— This is an English companv controlling Ajiabama
Vicksburg, 143 miles; Vicksburg Shreveport <& Pacific, 189
<fc
New Orleans & North Eastern, 196 miles.
Securities Owned.— Ala. <te Vlcksh. $30,000 Ist mort.. $337,700 2d
M., $141,100 consol. 1st M. and $581,500 stock; V. S. A P., $1,386,000 gen. M., $2,030, 100 pf. and $2,773,500 com. stock; V. S. & Pac.
RR. (land grant) bonds, $1,364,000; N. O. <fe N. E.. $4,900,000 gen. M.,
$1,500,000 incomes and $5,320,000 stock; S. W. Construction Co.,
$448,700 stocB.
There are also outstanding £28,494 interest certs, secured by £34,193 "C" debentures.
Ootrp. Pau>— For '91. '92. '93. '94. '95. '96. '9«. '99. '00. '01
'02.
"A" Deben.. P. c. 5 5
5
5
5
5
5
5
5
5
5
"B" do ..P.c. 21a 2ifl
875 1 2ifl 2\ 4ie 5 Below B'w
do ..P.c. ..
"C
..
..
1% 288 5
miles
,
;
Earnings.— See separate statement for each of the controlled comIn year ending Dec. 31, 1902, net from investments was
£140,865; paid general expenses (£3,408), Income tax (£S,294), interest on " A" debentures (£35,180), on "B" debentures 5 p. 0. paid in
panies.
Jan.,
1903 (£49,198), on"C" debentures, 5 p.c. («38,000) balance,
£930 from 1901, £7,715— (V. 75, p. 76, 1030; V. 76, p. 434,
including
592.)
Alabama Ac Vicksburg Ry.— Owns Vicksburg to Meridian. Miss,
and branch, 143 miles, all steel rails. Controlled by Alabama New
Orleans Texas & Pacific Junction Co., which see. Reorganization of
the Vicksburg & Meridian foreclosed Feb. 4, 1889 (see V. 48, p. 190).
Dividends.-'90 to '92, 3 p. o. yrly.: '96.3; '»7to '99,5; 1900 to 1902,
6 yearly. Stock dividend of 50 p. c. in 1900; see V. 70, p. 632.
Bonds. —The new seconds were income tiU April 1,1894, and are »
first lien on the lands— 45,393 acres.
Of the $1,800,000 consols author$1,000,000 are with trustee to retire V. <& M. firsts.
EARNiNGS.-Flscal year ends June 30. For 8 12 mos. ending Mar. 14,
1903, gross, $803,^75, against $744,656 in 1901-2. Report for 19011902 in V. 75, p. 1027.
Tears—
Oross.
Net.
Interest, etc.
Bal.,sur. Dividend.
1901-02 $1,019,844
$2.54,282
$108,024
$146,25S (6)$63,000
1900-01.
920,669
131,384
235,340
103,956 ,6)63,000
—(V. 71, p. 750; 908; V. 73, p. 11 5 7; V. 75, p. 1027.<
Alaska Central Ry.— Projected from Seward, on the south coast
of Alaska, uorth to Atwoorl, on the Tanana River, ahont 420 miles, of
which about 100 miles to be built at pre.senC. Stock, $2,500,0o0 5 p. 0.
non-cum. preferred, offered for subscription In Oct., 1902; common,
authorized, $27,500,000: par of shares, $50. Bonds are limited to $35,000 per mile of main line and branches. The Central Trust Co. of
Illinois (Chicago) is morteage trustee. In April, 1903, $3,500,000
were offered, accompanied by a bonus in common stock. See V. 76. p.
703. Pres. and Gen. Mgr., G.W.Dickinson; Vice Pros John H. McGraw; Sec, John E. Ballalne, Treas., J. W. Godwin. OtHce, 215, 216
ized,
.
Denny
Wash (V. 74, p. 935; V.
Northern Ry.— Albany. Ga.,
75, p. 905; V. 76, p. 703.)
to Cordele, 37 miles.
reorganization In 1395. Stock, $350,000; par of shares, $1 00 Of the
bonds. $50.0
have a prior lien. Frank S. Hanibleton of Baltimore
and Henry P. Talmadge of New Yorfe are mortgase trustees. See official statement. \. 76, n. 749. Year ending June 30, 1902, gross, $67,52fi; net. $19,751.
res., T.
In 1900-1, gross, $60,687; net, $16,779.
Edward Hambleton; Secretary, N. 3. Johnson; Treasurer, J. S. Crewe.
Office, Albany, Ga.— (V. 76, p. 652, 749.)
Bldg., Seattle,
Albany
&
A
.
Albany
& Susquehanna RH.,—(See Map Delaioare
<t Eudson.)Binghamton, N. Y., 142 miles. Leasee,
CobleskiU, N. Y., to Cherry Valley, 21 mllea, practically owned by
D. <fc H.; total operated, 163 miles.
Leased for 150 years from Feb., 1870, to Delaware <fe Hudson Company; rental is 99b per annum on stock. (See guaranty, V. 56, p. 774.)
ROAD.—Owns Albany,
to
INYESTORS' SUPPLEMENT.
8
RAILROADS.
For explanation of column headings,
on first page of tables.
MUes Date
Par
of
of
Road, Bonds Value.
&o., see notes
Allentown RR. (leased to Phlla. & Reading Ry.)
Allentoiim Term'l—lst M., guar. p.&l. (end.) g.Ce.xc*
Ann ArtMr—Ut mort.. $7,000,000, gold.Mp X...0*
0"
Arizona cH TT/a^t—lstM., $600,000, gold. Co
Arkansas Southcn-ltt M., $1,350,000, g.Wst...
Ark. F.rfTT.— l8tM.($3,500,000),g.,red. text.SSt.o*
Asfiland Coal <£ Iron— Stock
Ist refunding mortgage, $400,000 gold.N....
Atch. cC EagVn Bridge— iBt M.g.,8.f.,red.,text.Ce..
Atchison Topeka & Sntita Fe Jfj/.— Stock, com..
Stock, preferred, $131 486,000, 5 p. c, non-cum..
Chlo. <fe St. Louis l8t M. ($10,000 p. m.) our.F..c
Chic. Santa Fe & Cal., Ist mort., gold.BB..c'Ar
General mortgage, gold, see text
Iiii.o*<fcr
Ad), inc. M., cum. from July 1, 1900, g., €e.o*<fer..
East. Oklah. Div., Ist M. $10,000,000, g.C.
Deb., g.,Ser.B to I^,$2, 500.000 ea.; call 105
o<fer
Hutch. &8o., let M.,g.,red.l05 aft. 1907. OB-O*
S. Fr.& San Jo. VaL, 1st M.,g.,oaUaft.l915.Me.c
Atlanta dt (7Aario<<e— Stock (see text)
Pref. M. (old 78 ext. in 1897), see V. 64, p. 286.C*
1st M. [voting power, 10 votes for each bond] our.r
Income bonds (not cum.) extended in 1900
A<to»: E710XV. <e No. Ry. —iBt M., $1,000,000, g Ce
Ooneol. mort, gold, $10,000 per mUe.Us
Atlanta <e West Point— Stock
Size, or
$50
3
292
25
101
22
7,860
1889
1895
1899
1899
1902
1,000
1,000
1,000
.«..-.
1,000
1,000
1900
1898 500 &c.
100
100
. - •
142
188.^
1,000
1887 l,000&c
7,822 1895 500 &c.
7,822 1895 500 &c.
282 1903
1902
1,000
G
142 1898
1,000
1,000
375 1896
100
269
1,000
2651a 1877
265ifl 1877
1,000
1880
500
1,000
223 1896
228 1902
1,000
100
• *
86
Debenture certificates
1881
1,000
</on.
(«£ir»»ir!gr/,.—
.4
Ist M.,$l,400,000,g.,text.F.C*
108 1900
1,000
Atlantic Oily— 1st M., $2,200,000, gold ..GnP.xc*
83 1889
1,000
Atlantic City purch. money real est mort.M.GP.
1900
1,000
a Originally Nov. 1. In Apr., 1903, interest on $26,1 12,000 had bee
.
'
.
.
Annual Repoet.—Earnings for
years ending June 30
Net over I axes.
Rentals.
1901-02
$4,643,964 $2,163,146
1,033,152
1900-01
4,850,205
2,524,129
1,059,364
-(V. 73. p. 337; V. 74. p. 1088; V. 75, p. 342, 1147.)
Gross.
Albany
$1,140,218
1,464,765
750.
AUegbeny & Western Ry.— C-See JUap Buff. Roch. A Pittg.)—
to Butler, Pa. (about 60 miles), opened Sept. 4, 1899.
An extension of Buffalo Rochester & Pittsburg, to which leased in
Pnnxsutawney
perpetuity for guaranty of bonds and 6 p. o. on stock. Uses Pitts.
<fe West, from Butler to New Castle and Pittsburg under a trackage arrangement, making in aU 135 miles. Extension from Butler to Newcastle, 20 miles, was reported under construction in March, 1903.
See application to Ust in full, V. 70, p. 849.— (V. 70, p. 840, 849, 1248;
V. 71, p. 501; V. 74, p. 774.)
Allegheny Valley Rallnray.—Owns from Pittsburg to Oil City,
Pa., 133 miles; Red Bank, Pa., to Driftwood, 110m; others, 18 miles.
Organization, &c.— Reorganization March 1, 1892, of the Allegheny
VaUey Railroad, foreclosed per plan in V. 53, p. 324, 368, 520 V.
54, p. 409, 524. Road controlled by the Pennsylvania RR. Co. as majority stockholder, owning f 9,653,800 of the $10,544,200 common and
$11,876,654 of the $17,172,750 of 3 p. c. cumulative preferred stock;
authorized Issues $12,000,000 and $18,000,000, respectively, In $50
shares. Wording of pref. certUicate was in editorial of Supplement
of Oct. 30, 1897, p. 3. Road was taken over under lease by the Penna.
RR. Aug. 1, 1900, for 20 years, rental being the net earnings. V. 70,
p. 27; V. 72, p. 491.
Bonds.— GeweraJ mortgage is guaranteed by Penn. RR. by endorsement on each bond. Real estate mortgages, Jan. 1. 1903. $589,065.
Report for 1901, V.74, p. 934. In 1 902. gross, $4,193,085; net, $1,317,280; other inc., $91: int., taxes, etc., $1,152,493: baL, sur., $164.ii79.
—(V. 72, p. 674; V. 74, p. 829, 934.)
AUento^rn
Toptonto Kutztown, Pa.,4J2m.; Reading system,
;
RR.—
of railroad in
Allentown
Pa., connecting the East Penn. (Philadelphia & Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia &
Beading and Central of New Jersey (by assignment from Lehigh Coal &
Navigation Co.) at interest on bonds and 5 p. c. on $450,000 stock (par
$50), bonds being guaranteed, principal and Interest, by Philadelphia &
Reading (foreclosed) and Lehigh Coal & Navigation. The Phila. &
Reading By. Co. In 1896 assumed the Reading's share of the old lease.
Ann Arbor KB.- Owns road from Toledo, O., northwesterly to
Frankfort, on Lake Michigan, 292 mUes; operates car ferries between
Frankfort, Mich., Kewaunee and Manitowoc, Wis., and Menominee
and Gladstone. Mich., and Manistlque, Mich. The Pere Marquette
uses the Toledo terminals.
Oho ANizATioN.— Successor Nov. 1, 1895, to ToL Ann Arbor & Nor.
Mich., foreclosed under Quintard-Lawrence plan in V. 59, p. 782. In
May, 1902, a syndicate closely identified with the Gould interests purchased control. V. 74, p. 1038.
Stock.— Common, $3,250,000; preferred, $4,000,000; 5 p. 0. nonoumulative; par $100. Pref. stock cert. Supp. Oct. 30,1897,p. 3,
Bonds. Etc. -The first mortgage (trustee. Metropolitan Trust Co.
N. Y.,) covers entire property, mcludiug tetminals and freight boats
June 30, 1902, current liabilities, bond Int. and accrued taxes, $398,394; cash and current assets, $679,931.
Earnings.— 8 mos.. > 1902-3
Gross, $1,296,934; net, $433,826
July 1 to Feb. 28. i 1901-2...
.Gross, 1,265,990; net, 393,338
Annual Report.— Report for 1901-02 was In V. 75, p. 607, showing
Fear eyid June 30—
1902.
1901.
1900.
1899.
Gross earnings
$1,893,410 $1,754,143 $1,721,453 $1,519,334
Operating expenses.. 1,373 ,056 "1.309.163
1.324.620
1.172,390
$.=)20,354
Net earnings
$444,9»5
$396,833
$346,944
Deduct— Interest
280,185
281,331
283,805
288,803
52.3 12
4 9.733
Taxes
46.003
40.153
Balance, surplus. $i&7,857
$ll3,y21
$67,o25
$17,988
•Operating expenses in 1902 Include $l.'i0,434 expended for new
property and improvements, against *178,614 in 1900-01.
President, Joseph Ramsey Jr.; Sec, D. C. Tate; Treas., H. B. Hen.
:
.
son, directors, Oct., 1902, V. 75, p. 610--(V. 75,p.
Annapolis H^attliington &. Baltimore
Arizona & Utah Ry.—Owns McConnlco
391, 393, 607;
610.)
RR.—V. 75, p. 1301.
to 3*9 miles beyond
Chloride, Ariz., 25 miles; trackage, Kingman to McConnlco, 4 miles.
June
Stock, $600,000; outstanding
30, 1902, $467,000; par,
$100. Remaining, $266,000 bonds Issuable only on completion of 25
miles additional road. For year ending June 30, 1902, gross. $31,811;
net, $6,885; charges, $20,040; balance, def., $13,155. President, F. L.
Underwood Sec. and Treas.. R. H. Eggleston. 31 Nassau St., N. Y.
Arkanaaa inidland
See page 172.
Owns Eldorado, Ark., south to Winn"
ArkansBH Southern
field, La., 101 miles.
Early in 1903 St. Louis parties acquired control.
V. 76, p, 704. Stock authorized. $^.160,000; outstanding, $1,262,000.
Bonds are limited to $12,500 per mile of main track. For year ending
;
RR.—
RR.—
$1,268,884
450,000
7,000,000
334,000
1,262,000
See text.
773,500
300,000
590.000
102,000,000
114,199,530
1,500,000
629,000
138,728,500
51,728,000
5,600,000
27,500,000
195,000
6,000,000
1,700,000
500,000
4,250,000
750,000
1,000,000
500,000
1,232,200
1,232,200
593,000
2,200,000
75,000
n stamped p
Incl. $1,
4
4
6
5
4
K.
ggg.
g.
^
7 in 1902
4
g.
4 in 1902
5 in 1902
6 cur
5
g.
^^•
4 g.
4g.
5g.
5
g.
7 in 1902
4
7 0.
4
5
g.
4g.
6 in 1901
6
5g.
5 g.
413
ayable
M
i^orirts—Prinot.
I
|pal,WhenDne.
by /Stocfcs—Last
Dividend.
-
071,400 under Reading Co.mort. of 1896.
July 1, 1919
J. & J. New York and Phila.
Q.-J. N.Y., Metropol. Tr. Co. July 1, 1996
A. & O. N. Y., Conlin.Trust Co. Apr. 1, 1929
July 1, 1929
J. & J.
J. & J. New York and St. Louis. July 1, 1952
Q.-M. Check from Co.'s office Mar. 20,1903,1
M. & N. N.Y.,N.Y. Sec.&Tr. Co. May 1, 1925
J. & J. N. Y., Cent'l Trust Co. July 1, 1928
J. & D. Checks mailed fr. N. Y. June 1,1903,2
Feb. 2, '03, 2i«
F. & A.
do
do
M. & S. N. Y., 5 Nassau Street. Mch. 1, 1915
Jan. 1, 1937
do
do
J. & J.
Oct. 1, 1996
do
A. & O.
do
July 1, 1995
do
do
See a
Mar. 1, 1928
M. & S.
do
do
Feb.. 1904-14
F. & A.
New York.
J. & J. N. Y., 5 Nassau Street, Jan. 1, 1928
A. & O. Union Tr. Co., San Fran. Oct. 1. 1940
M. & S. N.Y.Cent.Tr.Co.,54Wall Mar.6,'03,3i«
Jan. 1, 1907
do
A. & O.
do
Jan. 1, 1907
do
do
J. & J.
Jan. 1, 1907
do
A. & O.
do
Dec. 1, 1946
New York.
J. & D.
M. & S. Offlce,L.&N.,120B'w'y Mar. 1, 2002
July 10, '01, 3
Atlanta, 6a.
J. & J.
Co's option.
do
do
J. & J.
J. & J. Way cross, Ga. and N. Y. July 1, 1920
M. & N. Phila.,Read. Ter. Bldg May 1, 1919
Apr. 1, 1930
A. & O.
do
do
]
!
,
.
«feN.
V. 70, p. 944.
30. 1902, gross, $333,984; net, $132,403; other income, $3,966
total deductions. $76,064; dividends, $35,000; balance, svir., $25,295
President and Treasurer. Geo. W. Hunter; Vice-President, fl. C.
Brown; Secretary, W. H. Crouch. (V. 76, p. 704. 751.)
Arkansas Southwestern
Smithton to Pike City, Ark., 34
mUes; branch, Qurdon Jet. to Gaifetown. 28 miie.s, opened Oct., 1901;
Mississippi
also in Oct., 1901, acquired Ultima Thule Arkadelphia
Ry., Daleville to Camptown, 43 miles; total, 105 miles. A reorganization of the Southwestern Arkansas & Indian Territory Ry., sold in
foreclosure Mar. 13, 1900. V. 70, p. 532, 895. In March, 1901, sold
to new owners, stock authorized, $12,000 per mile. For year endmg
June 30, 1902 (34 mUes), gross, $54,778. President, WUliam Grayson,
St. Louis, Mo.— (V. 70, p. 895; V. 73, p. 1060.)
Ry.—
Vermont RR.— Owns
Allento^rn Terminal Railroad.- Owns 3^ mUes
Outstanding
INTEREST OR DIVIDENDS.
Rate per When Where Payable and
Cent.
Payable
Whom.
LXXVI.
June
Bal.,sur.
road from Albany to Waterford Junction, N. Y., 12 miles. Leased to Rensselaer & Saratoga in
1860 and now operated by D. & H. Canal Co. Annual rental, $20,000.
Algoma Central Sc Hudson Bay Ry.—V. 73, p. 1110; V. 76, p.
&:
Amount
[Vol.
&
RR.—
&
ArkauKaai Springfield
NorthTvest<>rn
Projected from
Jefferson City to Springfield, about 160 miles. Stock authorized, $3,000,000. The stockholders on Jan. 20, 190i, authorized first mortgage
bonds at $20,000 per mile. V. 75, p 1085, 1398. President, Henry C.
Solomon, Kansas City, Mo. Directors Jan., 1S03, V. 76, p. 330. (V.
75, p. 1085, 1398; V. 76, p. 330, 751.)
Arkansas Valley & \restern BR.—To extend from Red Fork on
the St. Louis <fe San Francisco between Sapulpa and Tulsa, I. T., northwesterlv to Enid, about 140 miles, with branches. Incorporated Jan.
31. 1902. In Aug., 1902, acquired in the interest of the St. L. & 8. F.;
V. 75, p. 288. Stock authorized, $3,500,000. Bonds are subject to oaU at
par and interest on and after July 1, 1912, or at any time at par 11
an extension is arranged at a lower rate of interest. President, C. G.
Jones, Oklahoma City, O. T.; Sec, John B. Linden.— V. 75, p. 183, 288.
&. Spartanburg RR.— See Southern Ry., Carolina Dlv
Ashland Coal & Iron Ry.—Ashland to Straight Creek Junction,
Asheville
Ky.,22m. Ches.& Ohio has trackage over this road. The mining interests were in Jan., 1902, transferred to Ashland Iron & Mining Co., stock
being reducedfrom$l,547,000to$773,500. Bonds, see V.71,p.27. Year
ending June 30, 1902, gross, $160,130; net, $75,473; other income,
$57,232; int., taxes, etc.. $54,605; dividends (9 p. c), $139,230; bal.,
def. for year. $61,030. Total surplus June 30, 1902, $206,061. Dividends in 1895-96, 4 p. c; in 1896-7, 4 p. c; in 1897-8, 4 p. c; in
1898-9, 4 p. c; in 1899-0, 4 p. c; June, 1900, to June 20, 1902, 6 p. c.
yearly {l^ p. o. Q-M), and in June, 1902, 3 p. 0. extra; Sept., 1902,
none; Dec, 1 p. 0.; In 1903, Max., 1 p.
(V. 75, p. 732; V. 76, p. 76,
732).
Astoria
c—
& Columbia River RR.— Goble
to Seaside, Ore., 79
Warrenton to New Astoria, 2 miles; trackage, Goble to
Portland, 40 mUes; total, 121 mUes. Stock outstanding, $1,619,000;
par, $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
miles; branch,
&
A., Issuable at $40,000 per mile; outstanding,
1996, interest F.
$3,280,000. Central Trust Co., Trustee. Year ending June 30, 1902,
gross, $306,954; net, +118,477; charges, $140,512; bal., def., $22,035.
Pres., A. B. Hammond, Astoria, Ore.- (V. 67, p. 426.)
Atchison Eastern Bridge.- Owns railroad and wagon bridge
at Atchison, Kan., connecting with the union station. Used by the
Atch. Top. & Santa Fe, the Chic. R. I & P., the Mo. Pac. and the Chic.
Burl. & Quin. A reorganization of the Chic. & Atch. Bridge Co. foreclosed Mar. 4, 1898, per. plan V. 65, p. 366. Stock, $700,000; par,
$100 per share. A sintlng fund equal to the difference between the
annual interest on the outstanding bonds and $30,000 will retire
bonds yearly at par and interest (by lot if not purcliasable in the open
market). Year ending Deo. 31, 1902, gross, $96,655; net, $75,002;
int. and sinking fund, $30,000; renewals and other charges, $6,675
Pres. and Treas., Howard P. EeUs, Cleveland, O.— (V. 67, p. 578.)
7,
&
(The) Atchison Topeka
& Santa Fe Railway.- r<$ee Map)—
The system operated July, 1902, comprised 7,876'70 miles of
railroad, and embraced an unbroken line of track from Chicago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Pacific Ocean;
also to Galveston, Tex., and the Gulf of Mexico.
Organization.—This company was organized on Dec. 12, 1895
under the general laws of Kansas, by the purchasers at foreclosure
Santa Fe RR.
sale of the property and franchises of the Atchison T.
Co. in accordance with a reorganization plan. V. 60, p. 668.
The railway company in Ji'ly, 1902, owned in fee 5,044 miles of the
<fe
system, including the line from Atctilson to the western boimdary of
Kansas, 471 mUes, and also aU, or nearly all, the bonds and stocks of
the various companies in which the title to the other lines Is vested. V.
68, p. 974. A list of such holdings is In the general mortgage (in V.62. p.
732, 733, and successive annual reports). See V.69, p.l300;V.71, p. 27.
For operating and statistical purposes the system is divided asfoUows;
4,843-61 Santa Fe Pacific
875-30
Atchison T. & S. F
1.177-81 S. F. & San Joaquin Val... 372-48
Gulf Colo. <fe S. F
478-33
129-17
Kans.
South.
Ry. of Tex.
Southern California
7,876*70
Total of aU
Also controls the Santa Fe Presoott & Phoenix, the California Eastern and the Pecos Valley <fe Northe.astern, 650 miles iu all V. 75, p.
080. In Apr., 1903, the Gulf Beaumont & Kansas City and Gulf Beaumont & Great Northern were acquired, but are operated independently. V. 76. p. 761
In Mar., 1903, the Eel River and Eureka, In Northern California,
together with tlie California & Northern, 9 miles, was acquired in
the Interest of the company. V. 76. p 653. The stockliolders voted on
Dec. 11, 1902, to purchase the Santa Fe Pacific RR., etc, V. 75, p. 980.
.
H
m
0)
-<
April,
1903,]
a
>
^
NM
o
X
1^
o
t^
'TJ
CO s
^
KAILEOAD STOCKS
A.ND
BONDS.
EN 7EST0RS'
10
RAILROADS.
Date
Miles
SUPPLEMENT.
Size, or
Par
of
of
Tot explanation of column headings, etc., see notes
Road Bonds Value.
on flrst page of tables.
1898
1901
66
Atlan. Citi/—( "on.)— SeaCpr. Hen M.($350.000) g.
Atl. City l8t oon. M, $4,500,000, g., P.& l.gu.<iiE»
Atlantic Coast Line r;o.(Co?i/i.)— Stock, $30,000,000
Ctf8.ofindel)t.,lnc.,non-cum..$6,000,OOO.r.SBa.
red.atl05aft'r20 5T8.SBa
do
do
do
Atlan. CoaHt Line it-K.— Stk., common (text)
Class "A" com. stk. tax exemi)t (Rich. & Pet. ctts.)
Preferred stock. 5 per cent, $20,000,000
Istoonsol.
M
,
$30,000,000,
Col. tr M.. gold, (^ec by L. & N. 8tock,red.l05.cair
Certificates or indebtedness.
Bonds Undkkli ing 1st Consol 4s.
No. East (8.i:.). cons. M., g., Flor. to Charlest'n.c
Wilm. Col. & Aug., 1st M., (Wilm. to Columbia).
.
,
M
.
$350,000
.
.
175
75
'78-'93
San Francisro & San Joaquin Valley Ry. was merged
In June,
1,000
1901
V. 68, p. 426: V.67 o. 841, 1355; V. 71, p. 605; V.':2,p. 1134.
In Aug., 1901, lines in Oklahoma were proposed, 100 being operatedJuly, 1902, anri 150 additional under construction. V 73, p. 736; V.
74, p. 15o; V. 75. p. 610, 980. In July, 1903, a cut off was under construction from Portales, on the Pecos Valley, to Albuquerque, N. M.,
shortening the main line about 200 miles. V. 75, p. 28, 980.
STOCK.— The preferred stock has preference as to assets and non"
cumulative dividends not exceeding 5 p. o. per ann., as declared by the
board of directors out of net profits. No other mortgage and no
the preferred stock can be made without the con.sent of a
increase
majority of all the preferred stock and of all common stock represented at a meeting. The total authorized amount of preferred stock Is
$131,486,000, of which $10,800,000 Is reserved to acquire other
lines; also $6,486,470 in special trust for improvements, extensions, etc. Pref. stock certificates in Supplement of April, 1897, page
3. Common stock authorized, $102,000,000.
Dividends.— On preferred, 1 p. c. paid Jan. 26, 1899; July 20, 1899.
1900,4; 1901 to Feb., 1903, 5 yearly (F.&A.). DIv on com., June.
19ol, li« p 0.; Deo. 2, 2 p. c; 1902, 4 p. c. (J. & D.); 1903, June, 2 p. o.
Bonds.— The Gen. Mort. (Abstract V. 62, p. 731-739, see also V. 68,
p. 974) is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
of 7,822 mUes of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions.
General mortgnge 4s (limited to $165,490,500).
'1^395? "^"^.M Tioi!
a To retire jniarantee fund notes paid and car trtists at
$15,500,000 »2,861,000
not exceedlDB Jl,250 tor each $1,000 of old bonds.
1,500,000
b Non assenting bonds from reorganization of 18fel>
675,000
1,600,000
1,500.000
c Chicago & St. Louis Ist mortgage bs
For improv'ts, termiuals, second track, equip't, etc..
at not exceeding t3,(i00,( Uo yearly, of which not over
.
m
m;
. .
$750,000 for extensions
&
Pacific
14,500 500
7,326,500
30,000,000
20,000,000
and other lines
The Adjustment Mortgage (.Abstract V. 62, p. 739) Is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
be
for the fiscal year up to 4 per cent and the rate
is to
determined on or before October 15 in each year
interest
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue is limited to $51,728,000, but when the $30,000,000 general 4b authorized for improvements as above have been Issued (i. e.,
notbefore June 30, 1905), $20,000,000 additional adjustment 48 may
06 issued for the same purposes at not exceeding $2,000,000 in any one
year, but only by a majority vote of the acijustment bondholders. Interest—In Nov., 1897, paid 3 p. c; since, full 4 p. c. yearly.
The Eastern Oblahama division 48 of 1903 ($10,000 OoO authorized)
will be issued lor extensions; the present issue of $=',600,000 will be
secured on lines about completed in Feb., 1903, viz.: Paul's Valley to
Newkirk, Ind. Ter. etc a total of 282 miles. V. 76. o. 434.
The $30,000,000 deftentwre 4« of 1902 were issued to pay for $13,000,000 equipment ordered since July 1, 1901. and to cover the cost
of securities of Santa Fe I^rescott & Phoenix, and construction of new
mileage already made or authorized, amounting to $5,OuO,000, and
additional equipment, terminal facilities and other permanent Ild provemenis mude or Itoiirred since Jul> 1, 1901, or hereafter tn bn incurred.
No new mortgage on lines owned when the debentures were issued can
be made without securing debentures thereunder. See statement, V.
74, p. IbO, and official statementin V. 74, p. 204; also V. 75, p t)80.
San Francisco dt San Joaquin bonds may be drawn at 110 after 1915.
General Finances.— Capital expenditures from organization to
June 30, 1902. see V. 73, p. 1311; V. 7 5. v. 680 In Jan., 1902, itsued
$30,000,000 dfbenturee, payable $2,500,000 yearl j see above.
19nl dlvld»nd8 ou common stock were begun. V. 73, p. 733.
The total funded debt per mile of road July 1, 1902, was $28,882;
;
,
;
m
Interest charge, $1,167. V. 75, p. 678.
Latest Earnings.— 8 ) 1902-3.Gro8s, $41,901,230; net, $16,683,664
mo8.,JulyltoFeh.28. S 1901-2.Gro88, 40,031,906; net, 17,159,616
Deducting taxes and rentals, balance for Interest in 8 months of
1902 was $15,2(^0,577, against $15,847,406 Road operated 7,950 average miles In 1902 3, against 7,850 miles in 1901-2, the San Fran. & San
Joaquin VaUey RR., 373 miles, being Included in both years.
Report,-Annual meeting second Thursday In December. Report
for year 1901-02 was given in V, 75, p. 664, 678; see also pa^e 641.
Average freight train load, 247 tons In 1901-02, against 242 in 1900-01.
1902.
1901.
1900.
Tear$ end. June 30—
1899.
7,855
7,807
7,341
Aver. mUes operated
7,033
$59,135,086 $54,474,822 $46,232,078 $40,513,499
Gross earnings
Operating expenses 33,909,268 32,262,946 27,521,499 27,606,681
Net earnings... $25,225,818 $22,211,876 $18,710,579 $12,906,818
1901-02.
1900-01.
1901-02.
Net earnings.... $!i6,22»,818 $22,211,870 Taxes, etc.
332,667 Interest
Other Income.... 1,140.858
Net income... $26..38H,67fl $22,644,433
Dividend on preferred stock.
Dividend on common stock
Balance, surplus for year
Bal.,8urp
. .
$2,363,1 B3
8.13ti,9b6
1900-01.
$2,239,096
7,830.fll
$15,564,5^8
$12,474,6'7
,
.
(b)t)6.708,r90 (5%)5,708.690
(«it)4,o';8,22o(lH»)l,52«,a;<l
$5,777,618
$5,236,508
Officers.— Chairman of Executive Committee, Victor Morawetz; E.
P. Ripley, President; D. L. Gallup, Comp.; H. W. Gardiner, At*st. Treas
Directors.— Charles Steele. K. Somers Ha»es. Edward .1. Berwlnd, Geo, G.
Haven, John U. McCullougb. U. Hieman Duval. Thomas P. Fowler, Victor
Payable
Whom.
&
&
O.
Philadelphia.
J.
do
A.
J.
657,000
1,600.000
J.
J.
J
M.
M.
M.
6g.
J.
J,
J,
J.
00
4 g868,000
5 g800,000
6 g. A.
340,500
6 &7 M.
4ifl g.
A.
300,000
4,000.000 4g.&5g. J.
1,800,000
4g. J.
500,000
4g. F.
500,000
4 g- J.
1,320,000
5g. A.
400,000
5i. J.
5,547,<
5g.&6g.
1,500,000
4g.
1,500,000
7g.
6,500,uo(>
7
4
49,068
3,000,000
2,800,000
1,067.000
62,500
g.
5g.
4 g.
5 to 8
Apr.
Baltimore.
In 1902 paid 5 p. c.
In
1902
paid 4 p. o.
J.
J. Treas. Of., Wilm., N. C.
do
do
J.
&
4
6
Dividend.
Q.-M.
J.
4g. M.
35,000.000
21,350,000
1883
1,000
1880
1,000
1898
1,000
1881
1,000
1881
1,000
1875 500 &c.
1,000
1890
1885
1,000
1899
1,000
1897
1,000
1894
1,000
1889
1,000
1896
1,000
1884
1,000
1899
1,000
1886
1,000
1886
1,000
1888 500 &0
1888
1,000
1888
1,000
102
192
674
59
59
23
27
468
177
86
68
110
102
545
130
103
103
171
&
For acquisition of Atlantic
5 K-
$1,000
100
1902
At.C.L.of S.C., gen. let M., $8,000,000, g.SBa.c*
Petersburg M., class A, gold
class B, g., (Petersb. to Weldon).
Do
Richm d is. Petersb., Ist mort. ($24,500 are 78) ..
c*
Con. M., g. (Rich, to Pet., etO.Ce
Wilm. & Wei. gen. M. (.$938,000 are 48) SBa.g.'c
Yad,Dlv.,l8tM..g.(San.toWil.,N.C.«fec.).SBa.c*
Wil. <fe New Bern, 1st M., gold, assumed. SBa
Alb.& Ral.lst M., g..a8s'd(R.Mt.to Plym.)SBa
Nor. &Ca^.,lstM:.,g.(P.Pt.,Va.toTar..N.C.).Ce.oc"
2d mortgage, gold SBa
" est. 1 st M. gold
. .
c*<fer
]>
Sav. Flor.
St. .lolia'a R. Ist M., ?., red. at partlll '05.Ci.oCharleston <te Savannah, gen. mort gold.SBa.c'
let
2d pref. inc., non-cum. ($42,108 are Ists).
Bnm8.<fe W. Ist M. Biuns. to ilbany, g., gu. »l p,o
Ala. Mid., l8t M., g.iBainb. to Montgom.) Mp.xc
811. 8p. 0.«fe G., Ist M.,g.(Ocalato Inv. & br.ni.c
Four small Issues
&
Cent.
I
text.U-.....c*&r 3,453
g..
Bonds— Pnnoi
INTEREST OR DIVIDENDS.
pal. When Due.
Rate per When Where Payable, and by Slocks— LotSi
Amount
1,063,000
4 g10,000,000 See text
100
Ac.
1897
5,000.000
5 cur.
1900 100 *0.
5,000,000
4
100 35,650,000 332in'02
'02
100
in
3^
1,000,000
100
....
1,770,000 5 in 1902
1902 1,000&C 31,034,00i>
4 g.
All.
LXXVI.
fVoL.
&
&
&
&
D.
*
&
&
&
&
&
&
&
&
do
N.
N. Y., U.
N. N.Y., J. P.
S.
N.
J.
D.
J.
J.
do
Trust Co.
1,
19i8
.Tuly 1, 1951
Mar. 10, '03, 2
Irredeemable.
Jan
Jan
Jan
1.
'03,2%
10.'03,2ifl
10, •03,21a
Nov.lO.'02.2J«
July 1, 19.'>2
Morgan <sCo. Oct 1, 1952
Irredeemable.
S.
N. Y., Cuyler M. & Co. Jan. 1, 1933
New York & Baltimore. June 10, 1910
Bait.. Safe D. & Ir. Co. July 1, 1948
Richm'd and Petersb'g. July
do
do
Oct.
Richmond. Office.
N.
May
O.
1,
1,
1,
1,
1926
1926
1915
1940
1935
1949
1947
1944
1939
1946
1934
1934
1936
Apr,
& O. N. Y., Brown Bros.
& J. N. Y.,Balt. and WUmlng. July 1,
D. Bait., S. Dep. & Tr. Co. June 1,
do
do
Aug. 1,
& A
& J.
do
do
Jan. 1,
& 0. N. Y., Central Trust Co. Apr. 1,
& J. Bait. Safe Dep. & Tr Co. Jan. 1,
Apr. 1,
A.
O. New York and Savan.
July 1,
J. & J. N. Y.. U. S. Trust Co.
do
do
Jan. 1,
J. & J.
April.
Irredeemable.
J & J. N. Y U. 8. Trust Co. Jan. 1, 1938
M. & N. N. Y.. Metropol. Tr. Co, Nov. 1, 1928
J. & J. N. Y., U. 8. Trust Co.
July 1. 1918
<fe
.
<fe
,
1915-1943
Various
Morawetz, of New York: B P Cheney, Boston: Edward P. Ripley, Byron L.
Smith. Chicago: Andrew C Jobes, Uowel Jonea, Charles S. Gleod, Topeka;
K. D. Kenna, Chicago.
Office.— 5 Nassau St., New York.— (V. 76, p. 211, 434, 652. 751.)
Atlanta & Charlotte Air I^ine Ry.— CSee Map SoutKem Railway System.)— Owu» Charlotte. N. C, to Atlanta. Ga., 269 miles.
The operating contract of 1881 (made with Richmond & Danville)
was assigned to and accepted by the Southern Ry. Co. It requires
the payment of interest on At. & O. debt and 5 p. c. on stock if gross
;
earnings exceed $1,500,000, dividends to be 6 per cent and 11 they
>
exceed $2,500,000. 7 per cent.
Dividends, > 1881 to'89. 1890. 1891 to Mar., 1901,inol.
Since,
6 yearly (M. & S.) 7yrly. (M.&S,)
Percent— S 5 yearly.
5^
Gross, $1,079,978; net. $4i7,3l6
Latest Earnings.—4 ) 1902
n95,528; net, 378,748
Gross,
mos.. July 1 to Oct. 31 S 1901
Earnings.— For year ending March 31, 1902. gross. $^,898,978,
agst. $2,686,198 in 1900-1. Pres., C. S, Falrohild, N. Y.— (V, 73, p. 553),
Atlanta noxvllle Northern Rj.—fSee L.<t Map) .-Knox.vllle, Tenn., to Marietta, Ga,, 205 miles; and Murphy to Blue Ridge,
23 miles; trackage. Marietta, Ga,, to Atlanta, Ga., 20 mUes.
History.— A reorganization per plan In V. 62, p. 1040, of the Marietta
& North Georgia, foreclosed. Stock, common, $3,000,000; preferred, 5
ii-sut-d in 1901 in exchange for second mortgage
f)er cent, $l,5o0.0o0,
ncomes. In Apr., 1902, the Louisville & Nashville acquired a majority of the stock. V. 74, p. 775. Of the oonsol. 4s, dated Mar. 1, 1902,
$1,000,' 00 are reserved to retire the flrst 5s, now limited to that
amount, the balance being issuable lor general purposes.
Gross, $457,40i; net, $13'?,746
Earnings.— 8 months, } 1902-3
Gross, 415, 3?4; net. 162,980
July 1 to Feb. 28.
U901-2
Report for year ending June 30, 1901, V. 73, p. 1109. In 1901-02,
gross, $621,169; net, $229,053; int.. $87,592; taxes, $21,929.; surplus,
$119,532. President, (July, 1902), Milton H. Smith.— (V. 75, p. 28.)
Atlanta Terminal Co.— V. 76, p. 593.
Atlanta, Ga., to West Pt., Ga., 86 m.Atlanta <k West Point
Ga. RR., June 30, 1900, owned $494,500 stock and $388,900 deb. cert.
A belt line around Atlanta, 5*3 miles, is operated at rental ol 4 p. c. *»u.
V. 71, p. 963; V. 73, p. 1354.
its cost, viz., $410,535
Dividends begun in 1855 were for many years 8 percent per annum.
From Julv 1, 1884, to July, 1901, Inclusive, 6 per cent yearly, J&J;
Oct. 1. 1899, 25 p. c. extra (V. 69, p. 590i; since (?).
In 1901-2, gross, $788,637; net, $317,814. In 1900-1 gross, $745,103; net, $255,009; other income, $3,833; charges, $174,885; dividends, $73.932 surplus, $10,025 —(V. 69, p. 590; V. 71, p. 963.)
;
K
X
&
RR.—
;
& Birmingham RR.— Waycross,
Ga., to Montezuma,.
140 miles, and projected further to Oglethorpe and Talbottom. also
Waycross
to
the
Atlantic
Coast
at Brunswick or St,
projected Irom
Mary's, or both, about 85 mUes. In Oct 1901, It was voted to extend
Cordele,
from
Ga.,
toward
Birmingham, Ala.,
northwesterly
the road
about 124 miles, and from a point In Meriwether Coun«^y, at or near
Warm Springs, about 75 miles; total to be 397 miles. V. 73, p 899.
Stock, bonds, Etc.— Stock authorized, $7,080,000; issued, common,
$666,400; preferred, $700,000; par, *100. Of the bo ads $150,000 are
Balance
prior liens subject to call alter 5 years at 110 and interest.
above $500,000 bonds can only be Issued at $5,000 per mile of completed road over 70 miles. Car trusts, $28,386.
Latest Earnings -For 8 months ending Feb. 28, 1903:
Atlantic
,
-
8
Gross.
iitos.
Net
Ofiarges.
Bal.
jrur.,
$163,316
$70,440
$23,067
$47 373
37,372
16,667
85,921
20,705
Year 1901-02 (dver. miles about 80),gro=8,$147,4"0; net, $65,405 interest on bonds, $25,000; balance, surplus, $40,40i. Brest., W. Q.
Raoul.l Nassau St., New York; Vloe-Pres. ito Gen. Man. Geo. D. Wadley; Sec & Auditor, W.J. Swain; office, Waycross, Ga.— (V.74, p. 1138.)
1902-3
1901-2
AtlanticCityRR.—Camden to Atlantic City, 57m. (double track);
branches, 54 m.; Wlnslow Junction, to Cape May, N. J., Sea Isle City,
Ocean City; total, 168 miles A consolidation in June, 1901, per
Stock, common, $2,6'.^5,000;
plan in Chronicle, V. 72, p. 1278.
preferred. $1,000,000 (par, $50). The Reading Co. owns the greater
part ol the stock, and guarantees the new consol. 4s, principal and
Interest. Form of guaranty, V. 75, p. 1398. Of the latter, $3,437,000
are reserved to retire the old bonds shown in table above and $42,075
real estate mortgages and for improvemeuts. See V. 73, p 81. There
are also outstanding $23,500 Seacoast RR. ser. A 58 and $2,834 ser. B
58 and $100 Ocean (Uty bonds. For yearendlng June 30, 1902. gross,
$1,310,246; net, $206,8'; 0; fixed charges, $^02,831; bal„ sur., $4,039.
— (V. 75, p.
1398.)
Atlantic Coaut Line Co.— {See Ifop.)— Organized May 29.
1889, under the laws of Connecticut, and owns a majority of capital
stock and a large amount ol the bonds In a system of railroad companies denominated for convenience the Atlantic Coast Line System
fully described under the title of the Atlantic Coast Line RR. below.
Stock.— As to rights of certificates of Indebtedness, see editorial,
In Nov., 1898,
Oct., 1897, Sup., page 3.— V. 65, p. 564; V. 71, p. 1310.
stock was Increased to $10,000,000, the additional $5,000,000 being
distributed as a 100-per-cent dividend. V. 67, p. 954. In December,
1900, company distributed $10,000,000 4% certificates of Indebtedness (including $2,500,000 of Atlantic Coast Line RR. Co.) as a 100-p o.
dividend to represent the profits from the consolidation by which the
Atlantic Coast Line RR.
was formed.
•
April
1903,]
RAILROAD STOCKS AND BONDS.
11
IS
RAILROADS.
For explanation of oolmnn headings,
on first page of tables.
Atlantic Ooaat
Wilmington
&o., see notes
Miles
Date
Size, or
of
of
Par
—
Line RR. — {Concluded.) -
M
MeBa
—
—
RR—
Me Ba.C
&
Pitts. Jc.&Mid.Dlv.($20,000,000)lstM.g.Ce.c*&r
& O.
Tl
a
376
& W. V Sys. ref.,g.,red.l00aft.'25 Un.o'&rl 1,633
Conv. deben., $15,000 000, gold, red., see text...
Bonds Underlying 1st mort. 3i« per cent.
Loan, 1853, extended In 1885, gold
Pltt.&Con.,l8tM.,ext. In 1896 in gold
Bonds Underlying Southwestebn Div. S^as.
B.
8. W. KR.. etc
Coup., J. -J.; reg.,ti.— J.
In addition $7,635,050 are
380
$1,000
100
1,000
1900
1901
"io'o
1,000
1887
Whom.
Payable
Cent.
$210,000
161,600
3,925,000
M.
6
7
i''
A.
!«•
J.
5
F.
g.
&
&
&
&
1,797,200 2 In 1899
325,000
6
J.
5,484,000
6
M.
1,022,900
5
J.
ife
500
500
500
500
1898
1898
1899
1898
1901
1901
Ac
313 g.
&c.
&c,
4
71,000.000
69,000,000
43,600,000
&c a 6,175,480
1,000 20,000,000
1,000
592,000
1853 500 <feo.
1868
1,000
DiArtdend.
D.
J.
A.
J.
J.
D.
Co.'s otHoe
Balt.,Nl.F'rm'r8'&P.Bk
London and Portland.
Savannah, Ga.
&
R. Phlla.,
A,
4
26 000 Var.,
&
&
&
do
do
do
do
do
do
do
do
do
do
do
do
S.
N. Y., Speyer & Co.
N. Y. Office, 2 Wall St.
J.
g.
Various N. Y.. Farmers' L.
J.
1934
1, 1929
1, 1929
Jan. 1, 1903
July 1, 1931
Nov. 1, 1936
1. 1938
Mar. 2, 1903,
Mar. 2, '03,
July 1, 1925
July 1, 1948
July 1, 1925
2%
do
do
do
do
do
do
do
g-
Sept. 1,
July
July
May
Co.'B01Bce,2Wall8t.N.Y
N.
O.
St. Stat'n
& Meo. Bk.
do
do
N.
N.
g.
&
Broad
J. Bait., Farm.
do
J.
do
J.
J.
do
S.
S.
Sep.15,'99,2%
July 1, 19i7
Mar., 1903, 3%
Jan. 5, '03, 2ii
N. Y., J.P. Morgan
Co. Deo. 1, 1924
New York, Erie RR. Jan. 1,'03, 1%
Feb. 1, '03, 5%
Phlla.,F.In8.Tr.&8.D6p Jan. 1, 1910
Checks mailed.
Jan. 2, '03, 31s
Bait., A. Brown <fe Sons June 1, 1903
3^g.
Coup., M.jN^ reg
'-g..Q.-F,
the Pittsb. L. E. &I W. Va. System 48.
RR.—
etc.
Total In earnings
Check from
J.
S.
J.
If
^^• M.
M.
"^
1937
Wilmington, N. C.
O.
Irredeemable.
J N. Y., Mercantile Tr. Co, July 1, 1948
A. N. Y., Knlokerb. Trust. Aug. 1, 1931
& Tr.
Nov.
Nov.
Moh.
1,
1,
1,
1925
1941
1911
Oct.
1,
1,
1936
1946
July
Various.
"
—
Trackage—
Robbins to Augusta, Ga.,
N.
3i2g.
118,000
69,000
c*
V.71. p. 697; V. 73. p. 493. As to securities pledged to secure equally
the certificates of indebtedness of 1897 and 1900, see V. 71, p. 1310.
CASH Dividends, < 1895. '96. '97. '98. '99. '00. '01. '02. '03.
3i«
3
4 4ifl ft
4 la See text. Mar. 2.
Percent—
<
l^a
In 1902, Mar., 213 p. c; In Sept., 2 p. c. (quarterly).; Deo., 2 p, c; in
1903, Mar. 2 p. c.
Full Interest has been paid on the certificates of indebtedness to
1903. Chairman of Board. Henry Walters; President, Warren G.
Elliott.- (V. 74, p. 774; V. 75, p.4ti6, 732. 1146.)
(See JUTa/j.)— Operates from RichAtlantic Coast Line
mond via Charleston, Savannah and Jacksonville to Port Tampa, Fla..
with numerous branches, to Norfolk, Va., Wilmington and New Bern,
N. C, Brunswick and Albany, Ga., Montgomery, Ala., etc.
Lea-ted—
Miles.
Milet.
Lines owned.
Central RR. of S. CarolinaRichmond, Va., to Port Tampa,
Lane to Sumter. S.
898
42
Fla
Other lines
Norfolk, Va., to South Rooky
37
57
3,589
Co7il^olled, operated separaleli
IT Louisville & Nashville
4,916
340
Lines owned.
II Charleston & West.Caro
61
Dnpont Jet. to Inverness, Fla. 247 n Northwesfn RR.of S. Car.
1,269 TT Florida Southern
Branches, etc
145
153
it Sanford & St. Petersburg
U See these companies
Also owns one sixth interest in the Richmond- Washington Co. and
one-half interest in Atlanta (Ga.> Belt Line Co., b^ miles. Leases,
Nashville RR.. the Georgia RR., which
Jointly with the Louisville
operates and controls 626 miles. The acquisition in 1902 of a majority
Interest in the Louisville & Nashville brought 4,916 mUes oi additional road under the oonirol of the Atlantic Coast Line.
Organization- .Originally the Atlantic Coast Line of Va. (change of
name being authorized in Jan., 1900); in April, 1900, absorbed by
consolidation (per plan V. 70, p. 840, 893) the following allied properties: Wilmington & Weldon RR., South Eastern RR., Atlantic Coast
Line railroads of South Carolina and Virginia Norfolk & Carolina RR.
The Atlantic Coast Line Co. (of Conn.) owns a majority of the stock.
See that company abo^e. V. 70, p. 893; V. 71, p. 1116, 1310.
The SavannahFlor. & Western Ry., which owned and controlled 2,234
miles, was merged, possession being taken July 1, 1902, this including
the Florida Southern and Sanford & St. Petersburg, whose entire
stocks are owned. These lines formed the old Plant system. V. 74, p.
774, 829.
In Oct.. 1902, It was arranged to acquire $30,600,000 of the $60.000,000 Louisville & Na-hville RR. stock, the Atlantic Coast Line RR.
to give in payment $10,000,000 cash, $35,000,000 in 4 per cent 50-year
collateral trust bonds and $5,000,000 stock. V. 75, p. 733, 792, S05.
Stock. Atlantic Coast Line RR. of Va., class A, tax-exempt stock
was assumed as so much of the common stock of the new company.
Under the conBolirtation with the S. F. & W. in 1902 the common stock
was Increased from $15,890,200 to $23,150,000. (See above.)
In Nov.. 1902, the authorized common stock was increased by $15,000,000 was given in part payment of
000,000; of the new stock
controlling intt^rest in the Louisville & Nashville stock, $!^, 500,000
additional beinu: subscribed for as part of the same transactioa at
$125 per i-hare, $31 2 being payable Dec. 20. 1902, and the remaining $93 75 being payable on or before Feb. 15, 1903. This raises the
amount outstamllnK to $36,6.50.000. V. 75, p. 1252.
The preferred stock ($18,850,000) has, as shown in the above table,
been mostly exchanged for 125 per cent In 4 per cent certificates of
indebtedness. V. 75, p. 1252.
Dividends.-Dividends on pref., 2ifl per cent paid Nov. 15, 1900;
-N.); 1902, 5 percent.
On common, including
1901, 5 per cent (paid
clasa "A" stock, 1 per cent paid Jan. 10, 1901; July, 1*9 p. c; in 1902
Jan.,
p c; July, 2 p. c; in 1903, Jan., 2»a p. c. On certs, of in
debtedness in full to Apr 1903, Inol.
Bonds.— Fir-t consi)1.48 of 1902 ($80,000,000 authorized, limited to
$20,000 per mile) are a first lien on about 570 miles of road and a
blanket lien on the remaintDg 2,883 miles owned, subject to the underlying bonds. The first consols are issued or reserved as follows:
$31,034,000
Issued forthwith
35,102,000
Reserved to take up underlying liens
.
LXXVI.
Bond*—PrtnotINTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks— \jBA\
&
£&$100
&
$100
&
1894
1,000
n400,000
5g. J. &
100
225,000
313
J. &
50
1,535,000
10
F. &
1880
1,000
312,000
6 onr J. &
100
'02
358.000 713 In
1898
1,000
334,000
&
6g.
1894
1,000
1,250,000
5 g. M. &
1879
500
48,500
6
J. &
1879 100 &0.
72,800
6
J. &
&'
50
390,600
5
7
&
1881
1,000
230,000
6
&
1886
1,000
690,000
5 g. M. &
1888
1.000
240,000
5 g. M. &
100 124,262,000 4 In 1902 M. &
100 60.000,0(X) 4 In 1902 M. &
5 Coup., A.-O.; reg., y.-J.
"
ledged
' as part collateral for
Pl<
115
Mount
1 05
Contentnea to Wilmington
138
Florence, S. C, to Kobbins
43
Sumter to Columbia
Wilmington, N.C.,to8anford.ll6
Jesup. Ga.,to Montgomery, Ala353
169
Brunswick, Ga., to Albany
[Vol.
I
& We'don
—
Amount
Road. Bonds Value. Outstanding
special trust certificates..
Ctfs. of Indebt, for div. in 1887, non-oum., inc.
AM. rfi>anr.—l8tM., g.,$4,42.'5,000,lnt. rental. ine.o" 278
Atl. <6 Qulf Short Liiie.— 1st
.^4,000.000 gold.
Atlantic <e No. Carolina— Stoei., $1,800,000
1st mortgage, $325,000..
Atlantic <£ 8t. Lawrence Stock, 6* rental Grand TVk
172
Augtista rf Savannah Stock 5% rental Central Ga.
53
Ce.xo
AitffUila So. 1st consol. M., gold
85
Avon Oeneseo d. Mt. Morris jBB.—Stock (see text).
Bald Eagle FaUej/— Stock, $2, 600,000
93
Ist M. orlg. $400,000 (8. f., drawn at 100)...FPxr
Baltimore dt A rinap. S. L. -Stock, common
'28
Ist mort, $400,000, gold, called at 110 June 1..
Baltimore Chesapeake <6 Allan. 1st mort., goldAc*
88
Bait. <t Onmb Fa/. i?y.— Ist mort., Interest rental.
3
1st mort.. Interest rental
Bolt. (6 Cnmb. Val.
5
B. <fi O. T.iiiJ. J:a-<e/i.-Stk, gii. ($270,000 carries 7 p.o.)
"27
Ist mortgage, intereat rental. Ba
32
Baltimore <t Harrisburg RR.—M.., gold.
l8tM.We8t. Ext. ($16,000 p.m.), g.,gu.in[e Ba.o*
15
Ofcio—Common stock, $125,000,000
Baltimore
Pref. stock, 4 p. c, non-oum, auth. $60,000,000..
Prior lien mort., gold, not subj. to call.ITle..c*<fcr 1,017
570
Ist mort., gold, red., at 105 after 1923.Us..o*<fer
Sonthwest'n Div. Ist M., $45,000,000, g.F..c*&r 921
P. L. E.
SUPPLEMENT.
LNYESTORS'
.
&
—
•tj.'i,
•
M
m
,
Reserved for acquisitions, extensions, improvements and
13,864,000
equipment
Of the present Issue ($31,034,030), $12,451,000 were used to retire
Sav. Flor. & West, consol. 48 to the same amount, $7,945,000 were
applicable to the retirement of $3,000,000 Atl. Coast Line certfs. of
Inoebtedness and $2,880,000 Wilmington & Weldon 6 and 7 per cent
Irredeemable certificates of indebtedness (over 75 per cent of the
holders of which had in July, 1902, consented to exchange for the
new bonds) and $10,638,000 to the purchase of the $12,.'i00,000
8. F. & W. pref. stock and $5,000,000 Bruns. & West, and Charl. &
Sav. Income bonds (about 95 p. 0. of latter acquired). V. 75, p. 76.
As
b Also $475,000
additional unguar't'd.
to the $35,000,000 collateral trust 4s of 1902 see "Organization"
They are subject to call at 105 in amounts not less than $100,Car trusts |$150,000, due $10,000 quarterly, June, 1903, to Dec,
above.
000
1906.
Latest Earn'gs— 8 moa.
1902-3.Gross, $12,099,383; net, $4,095,694
1901-2.Gro8S, $10,733,550; net, 3,555,229
The Sav. Fla.
West, earnings are included in both years.
For 6 mos. ending Dec. 31, 1902, net, $3,244,633; other income,
$257.ii00; int. on bonds, etc., $1,762,512; int. on certs, of indebtedness,
etc.. $546,129; bal., sur., $1,193, .92.
Report.— For the year ending June 30, 1902, the earnings of the
properties consolidated were: Gross, $16,868,995; net, $6,407,083;
other income, $229,619; taxes, $64S.847; intereat, $2,450,616; dividends, $1,862,169; other payments, $69,005; bal., surplus, $1,605,965.
Report for year ending June 30,1902 (not Including Plant system),
was in V. 76, p. 209:
Iiiterest,
iiross
Net
Other
Balance,
earnings.
income.
earnings.
taxes, etc.
surplus.
1901-2. .$8,549,526
$3,810,539
$61,628 $1,595,452 $2,276,713
1900-1.. 7,915,098
62,916
3,270,269
1,567,527
1,765,658
From surplus as above in 1901 were paid dividends on preferred
(5 p. 0.) $942,500 and on common (3 *« p. o.) $556,157, leaving balance
surplus for year $778,056.
Officers.— Chairman of Board, Henry Walters; President, R, G.
July 1 to Feb. 28.
&
)
5
Erwln; Ist Vioe-Pres., Alexander Hamilton; 2d Vice-Pres., C. 8. Gadsden; 3d Vice-Pres., T. M. Emerson; 4th Vice-Pres. and Gen. Man., J. R,
Kenly; Sec, Herbert L. Borden; Treas.. James F. Post. (V. 75, p. 905,
1146, 1252, 1398; V. 76, p. 47, 100, 209, 210, 541, 593, 704.)
Atlantic
Danville Ry.— (See Map Southern JKy.>— West Norfolk, to Danville, Va., 203 miles, three branches, 22 miles; James River
Junction to Claremont (3 feet gauge) 50 miles; total, 275 miles. Leased
to Southern By. from Sept. 1, 1899, to July 1, 1949, for taxes, repairs,
maintenance and cash rental sulHcient to cover Interest charges and
for five years ending June 30, 1909. $31,000 annually in excess
thereof; for remainder of term, $61,000, with privilege of renewals
for terms of 99 years. In addition the Southern Ry. agrees to pay the
same rate of dividends on the common stock as may at any time be
paid on its own conunon stock. V. 71, p. 447.
Stock.- Common, $2,180,800; pref., 30,992 shares, par originally
$100, but reduced 60 per cent by payment from proceeds of sale of
bonds, viz 40 per cent in 1900 and 20 p. c in Nov 1901; further payments to be made latter part of 1904 and 1909, when It will be entirely
canceled. See V. 71, p. 181, 862; V. 73. p. 722, 956.
Bonds.—Of the $4,425,000 fours of 1900 $500,000 can be issued only
for improvements upon request of Southern Ky.
Report for 1897-98 was in V. 68, p. 184.— (V. 73, p. 722, 899, 956,
1081; V. 74, p. 774 )
Atlantic &. Gulf Short I,lne.— See V. 73, p. 615.
I^ake Superior By.- In July, 1902, operated MetaAtlantic
pedla. Que., to West Paspebiac, 98 miles; owned St.Gregoire to Nlcolet,
7m.; St. Francis to Yamaska, 6 m.; Yamaskato Sorel, 10 m.; Lachute
to St. Andrews, 7 m.; total, 128 mUes. Was under construction. West
Paspebiac to end of wharf, 4 m.; Paspebiac Juno, to Port Daniel, 21 m.;
Plerrevllle to Nlcolet, 15 m.; St. Gregoire to Chaudiere June, 67 m.
During year 1901-2 road was operated by trustee for bondholders.
Stock authorized, $10,000,000; par, $100: Issued, $2,602,500. Bonds
For year ending June 30, 1902, gross,
outstanding, 4500,000, 4s.
$43,405; def. under oper., $1,365. President, Hon. J. R. Thlbaudeau
Sec. Edgar N. Armstrong, Montreal.— (V. 68, p. 329; V. 70, p. 1148.)
Morehead City to Goldsboro.
North Carolina
Atlantic
N. C, 95 miles. State of N. C. owns $1,266,500, $1,797,200 stock.
Dividends.— > '92. '93. '94. 1895. 1896. 1897. 1898. 1899. Since,
2
2
Percent.
Earnings.—For year ending June 30, 1902, gross, $257,033; net,
$85,272; int. and taxes, $27,448; Improvements, $47,8o8; baL, but-
&
,
,
&
RR.—
&
$2220
22
pluB, $9,935.— (V. 68, p. 472.)
&. Western R7>— Sold in 1902 to Georgia
& Florida Ry. V. 75, p. 980. Year 1901-02, gross, $269,977.
Augnata &. Savannah RR.— Mlllen to Augusta, Ga., 53 miles.
Atlantic ValdOHta
Southern
p. 0. on stock.- V. 61, p. 239.
from Augusta to Sandersvllle,
In 1895, re-leased to Cen. of Georgia at 5
Angunta Southern
BR.— Owns
Ga., 80 m. and Sandersvllle & Tennille RR., 4 miles. The Southern Ry.
In Jan., 1901, acquired about four-fifths of the stock, and so controls,
although the lease was annulled April 25, 1901. V. 73. p. 343. Common stock, $400,000; pref.. $350,000; par, $10O. Year ending June 30,
1902. gross, $132,158; net $11,364; total deductions, $24,455; del.
$13,09i.-(V. 72, p. 935.)
See Honston Texas Centr'l Ry.
Austin &North«ve8tern
Ceneseo Mt. ITIorris
Mt. Morris to Avon, N. Y.,
18 miles. Leased to Erie RR. Feb. 26, 1896, in perpetuity at 2ia p.[c.
on stock for 4 years from Jan. 1, 1896, 3 p. 0. for 1 year more and 3i«
p.c. thereafter.— (See V. 63, p. 512; V. 62, p. 318, 589.)
Owns from Vail Station, Pa., to LookBald Eagle Valley
haven, Pa., 51 miles; branches to Sugar Camp, etc, 42 miles.
,
Avon
&
RR.—
RR.—
BR.-
&
April, 1903. J
BAnfiOAB 8T00E8 ASD
BOSTDiS.
13
SUPPLEMENT.
INVESTORS'
14
RAILROADS.
Miles
Date
of
of
for explanation of oolnmn headings, <Seo., see notes
on first page
Baltimore
<£
Ohio—
(
of tables.
INTEREST OR DIVIDENDS.
Rate
When Where Payable, and by
Amount
Outstanding
M
,
33
11
13
77
63
30
210
Rav.Sp.&Gl. Ist M., $-400.0f 0, g., gu. p.&i.FPc*
Huntington & Big S. Ist M. ($400,000), g.. gu o*
&
Mill Cr'k Ist M.,g., gu. p.<fcl.,end.o*Ar
Blplev
Plttsb. Clev. &Tol.l8t M., g.,calledl25 Feb.l..'03
o*
Fairport Ist M,, g
Plttsb. Palnesv.
L, E , 1st mort., ext. In gold
Plttsb. Newcastle
Wtst., Ist (cons.) M. $10,000,000, g..o*
Pittsb.
Ellwood Short Line, Ist M., gold, $300 ,000...
W. Va. &P., IstM. g, OS, scaled; red.par.MeBa.o*
&
Etc., Securities.
Bait. & N. Y. RR., Ist M., gold, guar.I»IeBa.c&r
Mon, Rlv. Coal M., $1,500,000, g., s. f red. at par
Schuyl. R. E. S. RR. 1st M., g., red. (text) PeP..
8. 1. Rap. Tr., Ist M., $1,000,000, g., $ or £.lIs.o*
o*
2d mortgage, gold, guar., $2,500,000.8
o*
8. I. Ry., 1st mort., $1,000,000, gold.
Obligations—
B. & O. Equipment
Real estate, car trusts, etc., Aug. 31, 1902
Car trusts, gold, .$1,000,000 due annually. S....0*
Baltimore <£ Jfotomac. See Phila. \Tashington..
c*
aangor di Aroos.—XeX M.. ($16,000 p. m.) g.G
3
159
5ifl
,
"li
11
11
Me
2d mortgage, gold-lUm
X Largely owned by or for Baltimore
1886 $1,000
1869
1,000
1882
1,000
1894
1,000
Virgi NIA
$1,009,000
638,000
•959,000
*270,000
* 194,000
4i«
5,000,000
893,000
950,000
5,491,000
5
M.
g.
7
J.
J.
J.
6g.
5g.
5g. A.
48.
1893
1,000
1896
1,000
1900
1,000
1895
1,000
1889
1,000
1900
1,000
1886
1,000
1887
1,000
1890
1,000
1892
1,000
1888
1,000
1882
1,000
1886
1.000
1878 100 &0,
1,000
1887
1892
1,000
1890
1,000
& Ohio.
13
4,500,000
xl,000,000
2,500,000
511,000
1901
1,000
1,833,173
8,000,000
& BA LTIMO
*
211
3,360,000
211 1895
1.000
157,000
Bala nee of outstan ding amount
Short Line RR.— Owns road from
22 miles. In 1897 acquired control of
Annapolis Washington & Baltimore RR. Co., owning 3,575 out of 3,580
shares of its stock, all pledged under the mortgage, which was sold
in Dec 1902, to the W<»shinston Baltimore & Annap. Electric Ry.
for $367,400. The $334,000 bonds have been called for payment on
June 1, 1903. V. 75, p. 1301. Common stock Issued, $358,000; there
Is also $500,000 of preferred stock authorized
& Annapolis
1900.
1901.
1902.
190^.
1899.
7i«
6
6
Jan., 3i2
5
For year to June 30, 1902. gross, $105,109; net, $34,874; other inc.,
$28,640; Interest on bonds $16,700; taxes. $4,506; dividends, 712 p. 0.,
$26,850; surplus for year, $15,458 -(V. 75, p. 1301; V. 76, p 809.)
Atlantic Ry.— Owns Claiborne to
Baltimore Cliesapeake
Ocean City, Md., 87 miles; branch, 1 mUe; total, 88 miles; from Claiborne to Baltimore, 42 miles, transfer is made by water; steamer lines
owned, 1,426 miles; total mileage owned and operated, 1,514 mllesControUed by Penn. RR. and allied lines. V. 69,'p. 541, 590. A reor.
ganlzation of Bait. & Eastern Shore, sold Aug. 29, 1894 (V. 59, p. 371),
etc. Pref. stock, $1,500,000 5 p. o. cumulative; common, $1,000,000.
In 1901-2, gross, $777,806; net, $202,672; other inc., $3,677;
interest, $62,500; extraordinary expenditures,
taxes, $11,668;
$112,205; balance, sur.. $19,976.— (V. 71, p. 1164.)
S
1898.
6
&
Baltimore* Ciiinberland(RR. and Ry.)—The Railroad extends from State Line, Md., to Waynesboro, Pa., 455 miles; stock
$76,700 In $50 shares. The Railway extends from Edgemont, Md., to
State LlLC, Pa., 3 miles; stock, $42,500 in $100 shares. Both are leased
to Western Maryland RR. for 50 years from July 1, 1879, with privlege of renewal or purchase; rental, Interest on bonds.
Baltimore
& Cumberland Valley
Extension
RR.—Waynes-
boro to Shippensburg Pa., 26*52 miles. Leased to Western Maryland
BK. for 50 yearsfrom July 1, 1881, with privilege of renewal for interest on bonds anddivid. on stock, amounting in all to $42,730. See
Year ending Sept. 30, 1900, gross
table above and V. 75, p. 665
earnings, $301,096, against $269,695 in 1898-9; net (over taxes),
$168,007, against$134,548.— (V.75,p. 665.)
Harrisbursr RR.— Emory Grove, Md., to OrrBaltimore
tanna, Ka.,59mtles, with branches, 7 miles, total, 66 miles. Leases
Bait. & Hariisburg Ry.. Western extension, Orrtanna to Highfleld, 15
miles, guaranteeing interest on its bonds. Leased to Western Maryland
RR. for 50 yt ars from Oct. 25, 1886; rental, interest on bonds. Stock,
common. $690,000; pref.. $29,100. Year ending Sept. 30, 1900, surplus over charges, $58,997.-(V. 44, p. 812.)
Baltimore &; Ohio RR.— f See ilfapA— RoAD.— Operates from Baltimore to Philadelphia and Baltimore to Chicago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being In July,
1902, 3,233 mUes. The " Royal Blue Line" (see Central RR. of N. J.)
gives the road access to New York.
The system embraces, subject to the mortgages, the following lines:
&
WH
M.— (1,017 miles) Miles.
Prior lUn
Bait, to VVheeliug, Belpre. C, etc.. .083
Pittsburg Division (east of Pitts.).. 334
1st M. 4!E.— (670 mllef)
Baltimore to Pbibidelphia andbrs.118
....:^69
ClilcaL'O, 111., to AltronO
Branches to Fainiionl, W. Va..etc... 93
—
Other Lines
Virginia & Pittsburg
Pittsburg St. Western
West
Mononwahela River
RR
I7c5
343
31
riev. Terminal
>t Valley
75
Cleveland Lorain & Wheeling Ry.
Wheeling to Cleveland, etc
tl«2
Ohio River RR. Lines.
south W. Div. A]r0, M.—
Benwooil to Wheeling, etc
11270
Belpre, ().. viaCinciu.toSt. L.,etc. 918
IHt'n. June. ;iH* '' - (384 rulles;.>ft(e4 West Virginia Short Mne RR
58
)
o~ Ohio & Little Kanawha Ril
Bellalreto Midland City, O
74
Shawnee to Sandusky. O
)
Kit
Total
all
7
of
(adding
Baltimore
PittsburK Junction
Belt and other lines)
4,340
of
Cleveland
majority
of
stock
acquired
Lorain
1901
>& Wheeling
In
Ry. (V.72, p, 480), Ohio River RR. (V. 73^ p. 81) and entire stock of
all 522 miles of road, and
(V.73, p. 235),
West Va. Short Line
began operating them, the C. L. & W. from Feb. 1, 1902, and the latter
two from Aug. 1, 1901. The Ohio <fe Little Kanawha. 80 m., and Pitts.
West, were acquired Nov., 1901. V.73, p. 1263, 1356.
History.— Receivers were appointed In Pebruary, 1896, but on July
1, 1899, the road proper was returned to the company, the reorganization plan (in V. 66, p. 1235,) having been consummated without
toreolosure and the road vastly improved in physical condition.
The reorganization of the B. & O. Southwest, was elfected and new
securities Issued In Sept., 1899, per plan in V. 67, p. 688. the consol.
mortgage of 1893 having been foreclosed, and the road virtually
merged.— V. 71, p. 1218. In January, 1900, new securities were Issued
ander the plan of reorganization of the Cent. Ohio and other leased
lines. V. 67, p. 688. 1109, 1206. 13.56. On Oct. 9, 1901, the eittsburg
Western was purchased at foreclosure sale. See (5) below.
Reading Co.MPANY.- In 1901 over $60,000,000 (virtual control) of
the $140,000,000 Reading Co. slock, oonsistiag Urgely of preferred
RR
m
&
&
O.
N.Y.,N.Oity Bk.
do
& Pitts.
do
Pittsburg.
Jan.
July
July
Oct.
1.
1,
1,
1,
&
J.
6
6
«fe
g.
g.
g.
6g.
6g.
5
g.
4g.
4
g.
5
g.
5g.
5g.
6
g.
4g.
=
5
s
Sept. 1,
8.
J.
J.
J.
4g.
5
x350,000
924.000
&
&
&
&
A
4^g,
4g.
5g.
5g.
5g.
RE.
1893
1,000
Cliffords to Annapolis, Md.,
>
Dividend.
J.
J.
4^2 g.
2,000,000
2,941,000
376,000
303,000
50,000
529,000
60,000
83,000
3.626,000
300,000
4,000,000
1,000
1,000
1,000
1,000
1,000
1,000
$14,648; int., taxes, etc., $46,286; dividends (10 p. c), $140,625; bal.,
Pennsylvania RR. Jan. 1,
sur., $155,828. Rental in 1901, $266,626
1903, owned $706,250 stock.— (V. 66, p. 708.)
Percent.
pal, When Due.
iS^ocfc*— Last
New York.
O.
Oct 1,
& D.
do
June 1,
& J.
do
Jan. 1,
M. & N. N.Y., Ofi. B.&0.,2 WaU. Nov. 1,
F. & A. N. Y. Central Trust Co. Feb. 1,
M. & S. N. Y., Knlckb. Trust Co. Moh. 1,
J.
D. N. Y., Cent'l Trust Co. June 1.
A. & O.
do
Apr. 1,
do
F. & A.
Aug. 1,
do
do
J. & J.
New York or Phlla. July 1,
P. & A. Phlla., E.W.Clark & Co. Aug. 1,
A. & O. N. Y., Cent. Trust Co.
Oct. 1,
J. & J.
July 1,
J. & D. Allegheny, Pa.lstN.Bk. June 1,
J. A J. N. Y., J.P. Morgan & Co, July 1,
F. & A
New York City.
Jan. 1,
A. & O.
Apr. 1,
M. & N. N.Y., J.P. Morgan A Co. May 1,
J. & D. Bait., Am. Bond'g & Tr. Dec. 1,
J. & D.
Deo. 1,
A. & O. N. Y., foot WhitehaU St. Jan. 1,
do
J. & J
do
July 1,
J. & D.
New York City.
June 1,
A.
g.
5g.
700,000
228,000
1889
1895
1886
1883
1899
1893
Leased to Penn. RR. Co. for 99 years from Deo. 7, 1864. Rental, 40
Rental 1902. $328,091; other Income,
pei" cent of gross earnings.
Dividends-
iJo?td«— Princi-
s.
Leased Lines,
Baltimore
Whom.
Per cent. Payable
LXXVI.
Oonclnded)—
Pittsb. Junc. & Mid. D IV. 3^
Cent.O.,$2,500,000.con.l8t M.(lf>tl'n) g.ITIeBa.c 137
116
Sand. Mans. & Newark, $2,300,000, Ist M.Un.o*
7
Plttsb. June, Ist mort., $1,400,000, gold-iMe-.o*
o*
2d mortgage, $300,000, gold.iTIe
Pitts. Jc. Ter. 1st M., $500,000, g., gu. p.& l.Me
Bonds Underlying PiTTSB'g Lake Erie & West
192
ev.Lor. & Wheel. Cons. M. (now ist) g. Ubih.c*
Gen*ral mort., $1,000,000, gold, red. 105.1V.. .c 192
Con. ref. M.,$10,000,0C0. g., red. atl02i2.Col.c*
Cle7.Term.& Val.lst M.. s., gu., red. par.ItIe-o*&r "75
32
nionong. River RR., IstM., g., gu. B. <feO.Ce...O*
80
$250,000, g
Ohio & Little Kanawha Rv.. Ist
Ohio River, 1st mort. ($2,000,000), gold FP.-O* 169
Gen. M. ($3,000,000), gold, 1st on 39 miles c*i 209
&
Par
Road. Bonds Value,
Bonds Underlting
&
or
Size,
fVoL.
^•
g.
shown
1
&
&
&
J.
New York, 2 WaU
St.
J.
J. N. Y., Guar. Trust Co.
do
J.
J.
do
n first 1 eft hand column areow
To Deo.
1930
1909
1922
1922
1907
1938
1936
1930
1995
1919
1950
1936
1937
1920
1922
1908
1922
1916
1917
1917
1922
1990
1939
1945
1935
1913
1904
1943
31, '10
Jan.
1,
July
I.
1943
1945
nedby B.AO.
stock, was acquired, the Lake Shore& vtiohtgan Southern Ry. Co.
derbilt system) taking one-half. V. 76, p. 101.
(Van
Pennsylvania RR. Intekest.— The Pennsylvania RR. Co. purchased
a large interest in 1900-01 and on Jan. 1. 1903, owned directly $21,480,000 preferred and $30.2v(3,300 common stock; also tlirough the
Northern Central $1,000,000 preferred and $78 ,500 common stock,
and through the Pennsylvania Co. at least $5,000,000 preferred stock.
V. 70 p. 76; V. 74, p. 528.
Stock.— Authorized issues: Common, $125,000,000, see " General
Finances" below.; pref. 4 p. c. non-cumula Ive. $60,000,000; outstanding, see table above and " General Finances." Pref. stock dividends
(See V^. 71, p. 1166, *nd edit., p. 1143; V. 72, p.
are limited to 4 p. c.
1186.) Voting trustdissolved in Aug., 1901.
Dividends (p. c.)
1900.
1901.
1902.
1903)
Common
>
2
4
4
Mar. 2Preferred.
4
4
>
4
Mar. 2Bonds.— (1) Prior Lien 3^%, a first Uen on main Hue and branches,
Parkersburg branch and Pittsburg division, about 1,017 miles of
flrst track, and 964 miles of second, third and fourth tracks and sidings, and also all the equipment now owned of the value of upwards of
1
J20,000,000, or hereafter acquired. Total authorized, $75,000,000, of
which $5,000,000 to be issued only after Jan. 1, 1902 (at not exceeding
^1,000,000 a year) for the enlargment, betterment or extension of the
properties covered. See application to list, V. 69, p. 30.
(2) First Mortgage 4 per cent Oold Bonds, Due July 1 11)48, but subject
CO call, in whole or in part, after July 1, 1923, at 105; a first Uen on
Che Philadelphia, Chicago and Akron divisions and branches and the
Fairmont Morgan town & Pittsburg RR., covering about 570 miles of
Irst track and about 332 miles of second, third and fourth tracks and
sidings: fklso on the B. & O. Terminal property and the Baltimore Belt
RR. They are also a lien subject to prior lien mortgage upon main
line, etc.
See application to list, V. 69, p. 30.
t'otal authorised issue in no case to exceed
$165,000,000
Of which to retire prior lien bonds in 1925
7j,ooa,ooo
For the enlargement, betterment or extension of the
properties covered by mortgages (1) and (2), or for
extensions, additions or equipment, at not exceeding
$1,500,000 a year for the first four years and at not
exceeding $1,000,000 a year thereafter, originally
37,000,000
Southwestern Division ist Mortgage 313 per cents.
,8)
first
Uen
upon
the
properties
Virtually a
constituting the B. & O. Southwestern RR. system, or the
securities representing the same, covering about 921
miles of first track and about 305^ miles of second
track and sidings. Totallssue
$45,000,000
Of which Issuable only at the rate of not exceeding
$1,000,000 per year for the enlargement, betterment
or extension of properties covered, originalv.
s,ooofioo
Ex(4) B. it O. Pills. Jun. <£ Mid. Div. 3^ per cents.
oected to be ultimately a first Uen upon the railroads of the
Cen. O. system and Pitts. Junc. RR. Co., 385 miles in all—
Cotal authorized issue in no case to exceed
$20,000,000
Of which to be Issued only at the rate of not exceeding
$1,000,000 per year for the first two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the mortgage
s,ooo,ooo
Of which in partial exchange lor old bonds
roystxjtooc
Sold to a sjTidicate for cash requirements
4,000,00c
Balance for contingencies
431,000
Of these bonds $6,175,480 are outstantUng in the hands of the public,
$7,635,050 additional being pledged as part coUateral for the Pitts.
Lake Erie West Va. System 4s.
Note.—The underlying bonds still outstanding in July, 1902, are in
cable above. The underlying stocks still in the hands of the public
were|: Central Ohio common stock, $13,578; preferred, $1,000; Pitts.
Jot. common, $49,900; preferred, none.
(5) Pitistturg Lake Erie <* West Virginia Si/.tlem mortgage refunding
4 per cent gold bonds (authorized amount $75,000,000) are a Uen on
Wheeling,
1.633 miles, consisting of the Ohio River, Cleve. Loratn
Western, etc.. forming a direct connection with Pittsburg,
Pittsburg
Cleveland, Fairport. Lorain and Sandusky, suDjeot to underlying
bonds outstanding thereon (see table above). In Jan., li)02, .$21,845.050 additional underlying bonds, including $7,635,050 Pittsburg Junction & Middle Division S^qs, were held in trust as part security. Of
the total issue of bonds $20,000,000 were sold In Feb.. 1902, $40,000,000 were held to retire underlying bonds outstanding (of which $12,425,000 are subject to call) and the remaining $15,tiOO,<iOO are issuable
for additions and improvements. See full statement, V. 74, p. 266.
(6) The 4^ per cent debeulures 0/ 1901 are convertible at the option
ot the holder into common stock at par on 30 days' notice (see V. 73,
p. 1159); they may be called for payment at par and Interest on
»ny interest day, beginning Mar. 1, 1902, either whoUy or partly In
the Inverse order of their nimibers. V 72, p. 282; V. 73, p. 337, 1158:
V. 75, p. 549.
.
&
&
&
A PHIL.
1903
JtAlLKOAPS.
for explanation of column headings,
on
flrst
&c., see notes
—
for $1,000,000, g,gu. p. & 1. (end.).Uii.cAr
Clearf. Bit um. Coal lstM.,int.gu. by Bh. Cr.,gold.c
Beech Or. ^x'.— 1st M., $1,500,000. g., gu.p.A i.«i.c'
2dM.
Bay cC Brit. Cot.—lstM., $1,000,000, g.,8.f.
—
RR tt Stock Yard of Indianapolis Stock
Preferred stock, cumulative
Ist mortgage for $1,000,000, currency
Belt Ry.—lst M.(red. aft. July 1, 1903) g.MeBa.o*
belvidere Delatcare—Stoci. ($4,000,000)
r
Consol.
r guar, by United Go's & Pa. RR. s.f
Bell
,
. .
guar. byUnitedCo'8&Pa.RR.,8. f..r
) issue $600,000 reduced by s. f., gu.r
$4,000,000 («nar. by Unltedc oe.and Pa. RR. s.f.
Birmingham <£ Atlantic— lat mort., $500,000
Birmingham Belt- See St. Louis San Francisco.
Bism. Wash. <t Gt. Falls 1st M.. g., see text.Ce c<fer
Bloomb'g cC SulUvan RR.—lBt M., $400,000
Fl*
2d mortgage. Income, non-ctmi., $200,000. ..FP
Boonville St. L. <6 Souih. Ry. ~lsi M.g.$l,00O,00O.c*
mortuage
of 1875
Miles
Date
Bize, ur
of
of
Par
Road. Bonds Value.
page of tables.
Ban. <eA.r.(Oon.)— lax M. Pl80.D..$l,500,000,K.G.c*
Co.*
Van Boren Exten. let M., $500,uOO, g
«.c*
Aroostook No. Ist M., $225,000, gold
Consol. refimd'g mort., $20,000,000, gold.OB.o*
Aroostook Conn ty bonds (axBumud)
Car trusts, G, lO-yr. Ss, 1900 (See V. 70, p. 893.)
Bangor dt Por<to7id— Ist mortgage, gold
Bath Extension mortgage, gold
Bath, <6 Hatntnondsport— 1st mortgage, gold
Second mortgage, gold Ce
Beaver d JSi/wi/ori-lst mortgage, gold
Beech Creek Stock (guaranteed 4 per cent by end.)
c<fer
ist M., g,guar. p. <te 1. (end.) It
£e«iMflf/i.
1
&
1899
1899
1897
1901
77
33
151a
359
$1,000
1,000
1,000
l.OOii
96-'00
'80-'86
1.000
100
1900
1889
1893
1899
10
10
3
160
160
160
&o
1.000
1,000
1,000
82
82
82
35
50
1886
1,000
1892
1,000
1891 100 &c.
1901 l.OOO&c
1901
1,000
50
50
1881
1,000
1895
50
1885
1,000
1887
1,000
1,000
1893
l.O'O
1903
1891
1,000
46
30
30
44
1900
1898
1898
1881
"b^
42
25
"82
1,000
1.000
1,000
1,000
:
has the rieht to purchase all the Schuylkill bonds at 110 and
accrued interest at any time after Dec. 1, 1900, and prior to Deo. 1,
1903, on 30 days' notice. If not so purchased, the company will
assume the ultimate payment of the principal when due. V. 69, p. 1063.
The Staten Island Rapid Transit new 4s the Baltimore & Ohio RR.
agrees to purchase at par and interest In cash prior to July 1, 19o4,
and meantime to guarantee Interest thereon at 4 per cent. V. 68,
p. 189, <33, 525; V. 69, p 696.
The West Virginia & Pittsburg (see agreement In V. 67, p. 1310),
has been operated since Sept. 1, 1899, under a 99 years' lease, for 4 per
cent on the mortgage, to be appropriated to payment of bond interest,
the B. & O. having the option for 5 years to purchase the bonds at par
and accrued interest on 60 days' notice. V. 69, p. 439.
The B. & O. purchased Feb. 1, 1903, at 125 $1,864,000 of the $2,393,000 Pittsburg Cleve. & Toledo bonds. V. 70, p. 632 V. 76, p.47.
;
Finances.— Holders of common stock subscribed In May, 1900, to
$6,398,900 common stock at$80. In Sept., 1901, the authorized common stock was increased from $45,000,000 to $60,000,000, to provide
for conversion of $15,000,000 debenture 4s Issued In March, 1901, for
improvements, etc. (V. 72, p. 282, 337), and in Nov., 1901, was further
Increased to $100,000,000. In Oct.. 1902, $14,292,000 debentures had
been converted. Stockholders la Dec. '01, subscribed to new common
stock, vl»., $22,537,200 at par, chiefly to acquire the stocks deposited
under the Pittsburg Lake Erie & West Va. System mortgage, and for the
reduction of their debts. V, 73, p. 1159; V 74, p. 150, 266.
The stockholders in Sept., 1902, subscribed at par to $42,316,900
additional stock to the extent of 30 per cent of their holdings, 50 per
cent being payable at once and 50 p. o. on Nov. 24, 1902, raising the
amount outstanding to $124 262,000; of the proceeds $20,533,000 is
applicable to eqiupment, $9,329,000 to double-tracking between Newcastle and Akron and mlecellaneous construction, and the remaining
$12,454,000 to acquire stocks, bonds, etc., to be placed under the Pittsburg Lake Erie & West Va. System mortgage. V. 75. p, 549, 980.
As to Reading Co. stock, see above.
In April, 1901, made $10,000,0u0 equipment bonds, $1,000,000 due
yearly Dec. 1, 1901 to 1910, covering 9,0u0 cars, etc., a« above stated.
Kabnings—From July
1,
1902, to Mar. 31, 1903 (9 months), tnolud"
& O. Southwestern In both years,
were
Gross, $4*;,324,8 10; net, $17,179,200
3...
Gross, 42,939,030; net, 15,623.121
1901-2
Earnings of July, 1901 and 1902, based on 3,884 miles, being entire
system (4,208 miles in both years) except
Valley KR. of Virginia. Ravenswonrt Soeucer & Glenvllle, Ripley & Mill Creek
Valley, Ohio & Little Kanawha. Cleveland Terminal 4 Valley, Cleveland Lorain s Wheeling and Staten Island Rapid Transit Co.
1902
ANNtTAL Report.—Report for year ending June 30, 1902, was In V
75. p. 1144, 1151. The results (the Bait & Ohio Southwestern being
included also In 1899-0 for the purpose of comparison) are
shown below. (See also editorial, p. 1119.) Average rate per ton per
mile, 5-15 mills In 1901-2, against 4 98 mills in 1900-01; average revenue train load, 406 tons, against 374 in 1900-1.
year ending June ZO—
1900-1.
3,221
1901-2.
3,233
1899-0.
Miles
Freight
Pasbengers
Mail, express, etc
3,200
$38,575,631 $35,553,872 $31,324,792
9,923,867
9,054.602
8,335,6!;5
2,678,563
2,505,957
2,456,928
Total gross earnings
Operating expenses
$51,178,061 $47,114,431
32,888,564
31,046,231
Neteamtngs
Other income
(net)
Total net income
Interest and rentals
$42,117,405
27,644,130
$18,289,497 $16,068,200 $14,473,275
1,984,984
688,429
812,701
$20,274,481
$8,902,565
Taxes
l,<i47,033
$16,756,629
$8,148,512
970,504
448,627
$15,285,976
$7,475,171
879,176
317,837
Discount, commissions, etc....
1,303,939
Dividends on pref. stock
(4)24' 0,000 (4)2,400.000 (4)2.400,000
common stock.. (4)3039,848 (4)1,800.000 (4)1,673,560
do
Additions and improvements.. 2,500,000
2,500,000
2,540,231
Balance, surplus
x$l,081,097
x$488,985
xSnrplas differs from that shown in pamphlet report owinK to method of
harglDK common stock Idividend, the above being used for simpliciiy.
Executive Committee.— L. F. Loree, Chairman; J. K. Cowen; 8. M.
Prevost, John P. Green and James McCrea; Pres., L. F. Loree; VlcePres^ Oscar Q. Murray; Sec, C. W. Woolford; Treas., J. V. McNeal.
The Pennsylvania RR. is represented on the board by 8. M. Prevost,
P. Green, Barael Rea and
John K. Cowen, James Speyer,
John
James MoCrea. Other
directors:
Edward H. Harrlman Noriuau
B.
Keam,
Schlff, chanes Steele, James StUlojan. iSdward R. Bacon. Representing State of Md., L. Victor Baugoman. a. P. Gorman.
N. Y. Otlioe, 2 WaU St.— V. 75, p. 1 144; V. 76, p. 47, 101, 330.
Jacob H.
Baltimore
Bansor
erly to
&.
&.
Potomae RR.—See Phlla.
Aroostook
RR,— (S^-e
Van Buren, with branches;
total
Bait.
& Wash. RR.
af ap) — Oldtown, Me., north412 miles, viz.:
15
Bonds— PrlnciOH DIVIDENDS.
pal,WhenDiie.
When Where payable, and by Stocks—Last
Payable
Whom.
Dividend.
INTKKlJar
Amount
per
Outstanding 'Ra,te
cent.
$1,500,000
500,000
225,000
2,313,000
5
g.
A.
A.
5
4
728,00i>
•92-'9='
Leased Lines.—Schuylkill River East Side bonds, stamped [V. 68,
The road is leased at a rental equlva40], and treated as foUows
ent to interest at 5 p. c. on the existing bonds, but the new company
f).
Ing B.
AND BOmm,
BAILBOAJ> BT00K8
I
800,000
320,000
60,000
100,000
200,000
150.000
5g.
g.
g.
A.
J.
& O
& O
O.
& J
Varnius
Various
6g.
J.
%'
g-
M.
&
&
J.
<te
D.
A.
<fe
O.
5
4
fi,0<'0,000
4
5,000,000
500.000
774,000
3,500,000
500,000
4
5
4
ggg.
ggg.
g_
Jan. 1, 1943
do
do
Jan, 1, 1943
do
do
Oct. 1, 1947
N.Y.,BrownBro8.&Bos. July 1, 1951
Sept 12Julyl5
N. Y., Guar Trust Co. "emi-annually
N. Y., 26 Exch. Place.
1930-1936
do
do
Mch. 1, 1925
New York City.
June 1, 1919
do
do
Apr. 1, 1923
July 1, 1919
<fe
41a
&6
N. Y., Guar. Trust Co.
J.
8.
& J.
Q.-J.
J. & J.
J. & J.
J.
J.
3I2
A.
5
J.
1,000,0(10 5 in 1902 J.
<fe
<te
&
<te
N. Y.,
Grand
Cent. Sta. Apr., 1903,
do
do
July
do
do
July
J. N. Y., Knickerb'r Trust. Jan.
O. N. Y., Gr. Cent. Station. Apr.
D. N. Y,U.8.M<itT.Co.& S.F. Dec.
J. Indianapolis, (X). otBce.
500,000
6
Q.-J.
do
do
1,000,000
6
M. <feN. Phlla.. W. H. Newbolds.
275.000
5
J. (fe J. Bait., Merc. Tr. <fe Dep.
1.253,000 5 in 1902 Feb.
Philadelphia, Pa. BR.
500,000
4
M. & 8.
do
do
749,000
F. & A.
4
do
do
500,000
4
J. <t J.
do
do
1,000,000
312 g. J. & J.
do
do
M. A N.
500,000
In default.
6
See text.
400,000
200,000
400,000
5
J.
J.
J.
6g.
F.
I'-
Lines owned.
&
<fe
&
&
—
New
1,
1,
1,
1, '03, SJfl
Apr. 1, 'OS, l^
Apr. 30, 1911
July 1, 1945
Feb.24,'02,5%
1925
Sept. 1,
Feb. 1, 1927
Jan. 1, 1933
Jan. 1, 1943
Nov.
1931
1,
J.
York.
J. Phlla., F.LT.&S.D.Co.
PhUa., when earned.
J.
Jan. 1, 1930
Jan. 1, 1928
Jan. 1, 1928
A. N. Y., Amer. Ex. Bank.
Aug.
1,
1911
MUe$
Miles.
Brown vllle
Ashland
Oldtown
Jan.
1%
1936
1936
1940
1951
1932
1,
1,
to Caribou and br. .205
Jet. to Ashland
43
to GreenvUle and^B. &
Aroostook Northern, Caribou
to Limestone
16
LeaseA,
—
K. Iron Works
95 FishRlv.RR.Ashl'ndtoFt.Kent 53
Organization.—Organized Feb. 13, 1891. State of Maine refunds
95 per cent of aU taxes levied. For orsranlzation see V. 66, p. 855.
The Fish River RR., Ashland, Me., to Fort Kent, 53 miles, completed
in Nov., 1902, Is leased.— (V. 75, p. 977.)
Stock.— Common, $1,050,000; 10,400 shares full paid and lOO
•hares, 5% paid; pref., 5%, non-cum., only $64,400rematn outstanding.
Bonds.— As to gold 5s on Plscat. Division see V. 67, p. 1159; V. 68
Van Buren Extension 5s of 1899, V. 69, p. 952.
84, 329.
p.
Of the consoL refunding gold 4s, $12,500,000 were reserved to pay
off the oiitstandiiig bonds, inoludlng those of controlled roads, oar
trusts and preferred stock, and to acqTilre such controlled roads, $3,000,000 for improvements over a series of years and $4,500,000 for
extensions at $25,000 per mile including equipment. V. 73, p.
v 286.
,
•
896; V. 74, p. 93.
Latest Earnings.— 8 mos.,
1902-3.. Gross, $1,127,114; net, $404,699
1,094,651; net, 405,127
Annual Report— Report for year ending June 30, 1902, In V. 75,
p. 977, showed: Gross, $1,708,937; net, $601,774; charges, $428,801;
betterments, $118,742; bal., surplus, $54,231. In 1900-1. gross, $1,449,454; net, $536,086.-(V, 74, p. 41, 93, 150; V. 75, p. 905, 97T;)
Bangor
Portland Ry.— Portland to Bath, Pa., 29 miles;
Nazareth Jet. to Martin's Creek, 5 m.; other branches, 5 m.; total 39
miles. Stock, $510,000, all acquired in 1900 by Delaware Lackawanna & Western RR. Bonds, see table. Dividend (6 p. c.) paid Jan 15
1901 in 1902, 5 p. c; In 1903, 4 p.
For year ending Dec. 31, 1902,
gross, $263.229;net, $61,965; Interest and rentals, $45,716; div. (4%).
bal.,
$20,400;
def., $4,151.
July 1 to Feb. 28.
5
U 901-2.. Gross,
&
;
Ratli & Bammondsport RR.—Owns road from Bath,N. Y., to
Hammondsport, N. Y., 10 miles. Chartered in 1872. Stock, $100,000:
par, $100. Earnings.- For year 1902, gross, $31,922; net, $11,285.
Bay of Quinte Ry.—V. 74, p. 150
Beech Creek RR.— CiSee Map adjoining N. T. Central.)— IRoad—
Jersey Shore, Pa., to Mahaffey,113 m; branches, to PhUipsburg, to mines,
Ac, 47 nuies; total, 160 miles; trackage, 33 mUes; total, 193 miles.
Lease,
From October 1, 1890, leased to the N. Y. Central &
Hudson River RR. for 999 years at interest on bonds and 4 per cent
on stock, and since May 1, 1899, operated directly as a part of its
Pennsylvania division. \. 68, p. 872. Carries mostly coal and coke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Central's guaranty of prin. and int. See V. 52, p. 570.— (V. 75, p. 1398.)
Ac-
RR
Beech Creek Fxtenalon
—fSee Map adjoining y.T. Central )
—Clearfield, Pa., to Keating, 54-17 mUes; Rosslterto Rossiter Jct.,3'2i
m.; McElhattan to Youngdale, 1 24 m.; total, 5862 miles; operated
from July 1, 1902. A low-grade coal line leased to N. Y. Cent. & Hud.
River RR. (which owns entire $4,500,000 stock) for 999 years from
May 22, 1901, bonds being guar't'd, nrin. and int.— (V. 73, p. 1356.)
Bellaire Zanesville Sc Cincinnati
Western Ry.-(V. 76, p. 47.)
Ry.— See
Ohio River
A
Beliinsham Bay Si British Columbia RR.— Whatcom to
Maple Falls, Wash., 42 mUes
extension under construction from
Maple Falls to Cornells, 7 m.; a further extersion of over 50 m also
proposed and branch from Hampton Siding to Lynden, 5 miles
Stock, $1,000,000, all owned Jan., 1902, by New York and San FranCisco parties. Year ending Deo. 31, 1901, gross, $120,134; net, $48,000;
taxes, $5,787; Int. on bonds (1 month), $2,083.— (V. 73, p 1356.)
Belt Railroad & Stock Yard of Indianapolis.— Owns 14
mUes of belt road, etc. Leased for 999 years to Ind. Union— which see.
DrviD.- ) Preferred In Common '95. '96. '97. '98 to '02. '03.
4J«
Since 1894 i full to date, stock p. o. 5
5 yrly Jan 3^
Pres., 8. E. Rauh, Indianapolis, Ind.— (V. 75, p. 1353.)
Belt Railway (of Cliaitanoosa, Tenn.).— Owns 25 miles Of
;
belt railroad in Chattanooga, Tenn. v. 67, p. 72.
History.- reorganization of Union Ry. foreclosed June 17, 1895.
Leased till July 1, 1945, to Alabma Great Southern RR.; rental guar
anteed to meet Interest on 1st M. uonrts. taxes and maintenance
stock Is $300,000, owned by 41a. (^^eat So. Ry. There are also $24,000 second income 48, due 1945, but subject to call at par July 1, 1903;
coupons paid from Jan., 1901, to July, 1902, IncL.— (V. 63,p. 6«).)
A
Belvidere Delaware RR.— Owns from Trenton, N. J., tx> Manunka Chunk, N. J., 67. m.; Flemington RR.,<fec., 14 m.; operated cut-ofl
1 m.; total operated, 82 miles. I.«a8ed to United Companies, and tranarerred to Penn. RR. March 7, 1876. Net earnings paid as rental.
Stock.-Authorized, $4,000.000 outstanding Jan., 1903. SI 253 ;
000; par, $50. Dividends: 1897 to 1902, both inclusive, 5 p. 0. yearly.
Bonds.— The bonds (4 issues) are guaranteed by the United Companies, and their guaranty assumed by the Penn. RR. under Its
lease. They are secured by the consol. mortgage of 1875 for $4 (K)0000 sinking fund 1 per cent of outstanding bonds If earned.
Earnings.— In 1902, gross, $1,121,127; net, $201,694; Interest
taxes, sink, funii and other charges, $183,650; bal., sur., $18 044
In'
1901,gros8, $1,306,565; net, $412,086.- (V. 76, p. 47,593!)
;
'
'
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SUPPLEMENT.
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&
AROOSTOOK
KAILROAD AND CONNECTIONS.
No.Be
i^Conwayj
V
RAILEOAD STOCKS AND BONDS.
April, 1903.]
RAILROADS.
Miles
For explanation of column headings,
on tlrst page of tables.
Boston
<e
Bonds
Bonds
&o., see notes
Aiftany— Stock ($30,000,000 authorized)..
(not mortgage), guar. p. &1
(not mortgage) $5,000,000
Par
394
c.
C
100
1883
1885-9
1892
1893
1895
1896
'99-'01
OB
Boston <e Jfame— Stock, common and scrip.
Preferred stock, 6 per cent, non-cumulative. OB.
Improvem't bonds, s.-f., not mort. or subj. to call
Improvem't bonds, s. f ., not mort. or subJ. to call
Bonds (not mortgage) for imp. & ref
c&r
Bonds, not mortgage, gold
c&r
Bonds, $5,454,000, g secured by Fltchb. stock
Improvement bonds, not mort., $1,000,000
Bonds, ($2,000,000) uot mort.)
Eastern KR. certs. of Indebt.lstM., g.,s.f.,notdm.o
Portsmouth Great Falls & Conway 1st mort
o
Central Massachusetts, 1st M. IB, assumed
o<
Charlestown land mortgage notes
Port. & Roch. Terminal bonds (no mort.) ass'd.c
Boston <t /'roc.— Stock, 10 p. c. guar. 99 yrs., Old Col.
Bonds, not mortgage
o*
Boston Revere Beacli <£ ii/nn— Stock
New 1st mortgage, $1,000,000, goldSB
c^&r
Boston Winthrop & Shore 1st mort assumed. IB
Boston Terminal Oo. 1st mort., ourrency.OB. .c&r
Brad. Boi-d. A Kinsiia— 1st M., $300,000, g.Mp.c*
Brooklyn <C Rockaway Beach.— I st M. $350,000,g.
Bruce nines tC ;< /. - 1 st M t2n0.0 0,gu.p.Ai.red.tftxt
,
Bennington
&.
C
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
'85-'87
,
—
111
73
99
Var.
1892
68
'88-'93
9
5
"27
313
1,000
1887
1,000
1892 lOOO&o.
1894
1,000
1900
1,000
1901
1903
1876 $&£
1877 500&C.
1886
1.000
Var.
500
100
1,000
100
1897 lOOO&o.
1886
1,000
1897 1,000&C
1892
500
1891
1,000
1902
500
Rutland By.—See Rutland RR.— (V. 70, p. 685.)
BR.—
Berkiiiliire
West Stockbridge, Mass.. to Connecticut State
Line, 21 miles. Road opened 1842. Leased April 1, 1893, for 99 years
to N. Y. N. H. & H. RR. for expenses, taxes and 6 p. 0. on stock, paid
Q.-J. 15 at Housatonic Nat. Bk., Stockbridge, Mass. Lease to Housatonio BR. suspended but not canceled. Stock, $600,000.
Bessemer & Lake Erie RR.— Leases Pittsburg Bessemer &
Lake Erie RR., Bessemer, near Pittsburg, Pa., to Conneaut Harbor,
Lake Erie, etc., witli bianches, a total of 203 miles, for 999 years
from Apr. 1, 1901. V. 72, p. 137. Authorized to operate a railroad
from a point of connection with the Pitts. Bes. & Lake E. at or near
Kremis Station, Pa., to a point on the Jamestown & Franklin RR.,
near Salem Station, Pa.; has lo miles under construction. Stock,
authorized. Controlled by the Carnegie Co. and so by the U. S. Steel
f
Corporation.— (V. 72,
Blrmingtiain
p.
137; V. 76, p. 749.)
& Atlantic RR.—Talladega to
PeU
City, Ala., 23
miles branches, Rogans to ore beds, 9 m.,and Furnace to Weislngers,
3m.; total, 35 miles. Stock, $1,000,000, all common; par of shares,
$100. Year ending June 30, 1902, gross, $43,292; def. under oper.,
$24,732; bond interest not paid. President, Sidney H. March; Sec. and
Treas., John Carlsen, 25 Broad St.. N. Y.
;
Bismarck ITaslibnrn
&
Great Falls By.— Bismarck,
N. D.
to Washburn, 46 m., completed Nov., 1901; projected thence to Great
Falls, Mont. Stock authorized, $500,000; outstanding, $'200,000; par
of shares, $100. Of the bonds (authorized issue Ji7,o6o,000) $600,000
are Issuable on the tirst 46 miles under construction and the balance
at $12,000 per mile. Year 1900-01, gross, $27,690; net, $3,181; taxes,
$468. President, W. D. Washburn. Bismarck, N. D.; Sec. and Treas.,
C. O. Crane, Minneapolis, Minn.— (V. 70, p. 1248.)
Bloomsbnrg & Sullivan BB.— Owns
30
Bloomsburg to Jamison
Stock Is $600,000; par, $50.— V. 66, p. 80, 952.
Year ending June 30, 1902, gross, $70,260; net, $33,388; interest,
taxes, etc., $30,015; bal., surplus, $3,373 .—(V. 66, p. 80, 952.)
City, Pa.,
miles.
Nampa
Boise
<fc O^vyliee By.— Nampa to Murphy, Idaho, 30*45
miles, completed July, 1899; sidings, -87 miles; total, 31-32 miles. In
1901 extension was completed from Nampa north to Emmett,
28 miles, under charter of Idaho Northern Ry., to be further extended
to Horse Shoe Bend, Idaho, 26 miles. Stock, $1,000,000; par, $1 00;
aU common and all outstanding. In Apr., 1903, company stated that
no bonds were to be issued "at present." Year ending June 30, {1902
(."iS miles), gross, $59,320; net, $25,581.
President, W. H. Dewey,
Nampa, Idaho; Sec, R. E. Green, Nampa, Idaho.
Boonvllle
Mo., 44 miles.
St. liOuls
& Sontliern Ry.— BoonvUle to Versailles,
Leased to Mo. Pao. for 30 years from July
1,
1880, at
annual rental of $25,000, taxes, expenses, etc. Stock, $250,000; par
ol shares, $125. Earnings not reported separately.
Boston Sc Albany RR.—Owns from Boston, Mass., to Albany,
N. Y., 202 miles; niunerous branches. 104 miles; leased lines, 88 miles;
total operated, 394 miles. A consolidation of December, 1867.
Taken over under lease on Nov. 10, 1900, by the N. Y. Cent. &
Hud. Riv. RR. See below. V. 71. p. 697, 963, The lease runs for 99
years from July 1, 1900, the N. Y. Cent. & Hud. Riv. RR. guaranteeing rental of 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, etc.], organization expenses. Interest on
DODds, taxes, expenses of maintenance, etc. The B. A A. received
for certain property uot included in the lease $5,500,000 In N. Y.
Cent. 319 per cent 100-year debentures, thus adding -77 per cent per
annum to 8 per cent guaranteed on stock. See lease in V. 69, p. 282.
V.
1061, 1102, 1246; V. 70, p. 74; V. 71, p. 645, 963.)
p.
of 1901 $2,500,000 were for Increasing the terminal facilities
at Boston, of which $1,000,000 issued. V. 71, p. 1218; V. 72, p. 44; V.
75, p. 752.
69,
Bonds
Dividends— Cash dividends at the rate of 8 per cent yearly were
paid for many years prior to the lease. Under the lease 8 \ per cent
are paid, 2 p. c. each in Mar. and Sept., 2is p. c. In June and 2^4 in Deo.
Stock dividend, lOp. c. in 1883 and 313 p. 0. in 1886.
k
Earnings.— For 6 mos, ending Deo. 31, 1902, gross, $5,187,221,
against *5,010,748 in 1901; net, $1,9K6.823, against $1,978,877; other
income, $197,751; charges, $1,658,566; bal„ sur., $506,008.
Year.
Gross.
Net.
Charges.
Dividends. Bal., sur.
1901-2
$2,619,011 $425,682
$2,187,500
$5,829
1900-1... 9,931,396
2,618,480
422.521
2,187,500
8,459
-(V. 73, p. 1312; V. 74, p. 150. 629; V. 75, p. 732, 1301.)
Boston Lowell
Road— Owns Boston to Lowell, 27 miles
branches— Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 45 miles; Middlesex Central, 11 miles; leases— Connecticut
& Passumpsio, 147 miles; Nashua & Lowell, 15 m.; Peterborough, 10
m.; Northern N. H., 83 m. (and subsidiary lines 90 m.); Stony Brook
RB., 13 m.; WUion BR., 15 m. Leases mostly assumed by Bost. & Maine.
Leases.— Leased In 1887 for 99 years to the Boston & Maine at 7 per
«ent per annum on stock till Jan. 1, 1897, and 8 per cent thereafter.
Stock and Bonds.— Stock authorized, $6,529,400. The debentures
were described on page 2, Supp. of April, 1895. In Feb., 1903, were
&
BR.—
Bojwfs- PrtnclINTEREST OR DIVIDENDS.
pal,When Du«,
Rate per When Where Payable, and by Stocks— liBst
Amount
Payable
Cent.
$100 $25,000,000 See
1902
1893
1901
1897-8
do
do
Bonds
Size, or
of
of
Outstanding
Road. Bonds Value.
Bonds, $2,500,000, currency
Boston <6 Lowellr—etocii..
,
Bonds, not mortgage.
Bonds,
do
Bonds,
do
Boston & Maine gives
0*
Bonds,
do
a rental guarantee'
0*
Bonds,
do
for 99 years.
Bonds,
do
Bonds,
Date
17
Whom.
Dividend.
Q.-M. Boston, Of. Ter. Station Mar.
text.
do
& O.
do
do
4
& O.
do
3I«
do
do
J. & J.
Boston, at Office,
8
J. & J.
M. & N.
do
do
3>a
Various
do
do
4
A. & O.
do
do
4
F. & A.
do
do
4
M. & S
do
do
4
do
do
4
J. & J.
do
A. & O
do
4
3I3
do
J. & J.
do
Boston, at Office. )
7 in 1902 Q.-J.
M. & S.
Causeway St.
6
do
4
F. & A.
do
F, & A.
do
4
do
F. & A.
do
do
4
413 g. J. & J.
do
do
do
do
3 g. J. & J.
M.
&N.
do
3^
do
3^2
M.
&
8.
Best.;
Lond.,
Baring
6 g.
Br.
4ifl
J. & D.
Boston, at office.
A. & O.
5
J. & J. Boston Office & Fed.Tr.
4
A. & O.
4
do
do
10
Q.-J. Boston Term., room 526
4
J. & J.
do
do
2 in 1902 J. & J.
Boston.
4iag. J. & J. Boston, State St. Tr. Co.
M. & 8. Boston, State Nat'l Bk.
5
312
Text. Boston, State Nat'l Bk.
4g. A. & O. Apr., '03, int. last paid.
In default.
6 g. M. & N.
5 g. J. & D. N. Y., Knickerb. Tr. Co
3,858,000
3,627,000
1,000,000
6,599,400
250,000
3,675,000
1,000,000
1,000,000
500,000
750,000
A.
A.
31a
414,000
939,000
23,638,070
3,149,800
1, 1952
1, 1913
Jan. 1, 1951
Jan. 2, '03,
Oct.
May
850,000
561,000
289,000
14,000,000
249,000
320,000
15' '.000
4%
1,
1923
1905-6-7-9
1932
1913
Mch.
1916
July
1916
Oot.,1917&18
1919 & 1921
Apr.
Feb.
1,
1,
1,
1,
Apr. 1, '03,
Mar.2,'03.
>
1,500,000
1,919,000
2,500,000
6,000,000
5,454.000
1,000,000
1,000,000
8,110,941
998,000
2,000,000
594,800
113,500
4,000,000
2,170,000
31, '03,
Apr.
1%
3%
Feb., 1905-07
Feb.
Aug.
1,
1,
Jan.
1.
July
Nov.
Jan.
1,
1,
1,
Sept. 1,
June 1,
Oct. 1,
Sept. 1,
Oct. 1,
1937
1942
1944
1950
1921
1923
1906
1937
1906
1906
1907
Apr.l, '03,2i«
July 1, 1918
Jan. 1,'03, 1%
July 15, 1927
Sept. 1,
Feb.
1,
1906
1947
1942
May
June
1,
1,
1931
1952
authorized $250,000 20-year 313 p.c bonds, to refund the 41^8 maturing May 1, 1903.— (V. 76, p. 101, 479.)
Boston
& malne RR.— Road—The system with its many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
(two divisions), Springtield, Mass., Sherbrooke, Can., Rotterdam Jet.
and Troy, N. Y., Worcester, Mass. to Portland, Me., and all important places In New Hampshire:
Lities owned.
Lines leased— (Ooncl.)
Miles.
Miles.
Boston,Mass.,toPortland,Me.
Nashua & Lowell
iri5
115 Worcester Nashua
W. Div
Rooh. . . 1T94
Boston to Portland, E. Div . . 108 Connecticut River
i[80
Other
Conway Juno., Me., to North
72
&
RR
H
Conway,N.
73 Trackage rights
9
18 Total operated Jidy 1, 1902.. 2,266
Portland, Me., to Rochester,
2d track (3rd & 4th tr. 10).. 513
N.H
54
No. Camb. Jot, to NorthampControls Me. Cent, (which see) .824
ton, Mass..
St.Johnsbury & Lake Champ. 131
99
Sundry branches
152
York Harbor & Beach
11
Ldnes leased.
Vermont Val. of 1871
24
Boston & Lowell
Sullivan County
11470
26
Concord & Montreal
11449
Fitchburg
11458
IT See this company.
Organization, Etc.—An agreement with N. Y. N. H. & H. regarding division of territory was made in 1893. V. 56, p. 464.
Stock.- Of the $23,638,070 stock outstanding July, 1902, $1,128,200 was held by trustees as collateral for Eastern RR. certs, of indebtedness. V. 69. p. 129.
The stockholders voted on Oct. 8, 1902, to
issue $1,000,000 additional common stock and *2,000,000 twentyyear bonds for improvements and equipment. V. 75, p. 665.
Dividends. < '87 '88 '89 '90 '91 '92 '93 '94 to Jly, '99. From Oct. ,'99
On common. \ 10%
8
8
6 yearly.
See below
Dividends Oct., 1h99, to Apr., 1903, 7 per cent yearly.- V. 69, p. 642.
Portsmouth Elec. Ry.
.
999139
On
date (paid M.— S.)
see Supplement of April, 1895. Under
the lease of the Fitchburg RR. the B. & M. issued its $5,454,000
lifty year 3 per cent gold bonds to purchase, $ for $, the same amount
of Fitchburg common stock held by the State of Massachusetts and by
private persons; V. 70, p. 175.
In 1901 $1,000,000 bonds were
sold for permanent improvements upon various leased lines and in
1902 $1,000,000 of a $2,000,000 authorized issue; V. 73. p. 553, 783,
1111; V. 75, p. 665, 1301. Notes payable June 30. 1902, $6CK),000.
B.
M. guarantees $1,328,000 first 5s of St. Johnsbury & Lake
Champlain. Also interest on $274,000 Manchester & Lawrence 4b.
Jointly with M. Cent, guarantees $300,000 Portland Station bonds.
Earnings.- For 6 months ending Deo. 31
oih xnc. Inf,.,taxen.eni.
Oross.
Net.
Q mos.
Bal., sur,
1902. ...$17,194,260 $5,024,971 $255,742
$4,062,246 $1,218,467
1901.... 16,680,393
5,033,995
280,641
-4.004,470
1,310,166
ANNUAL Report.—Annual meeting second Wednesday in October.
Annual report 1901-02 la V. 75, p. 728, showed results as follows
rear Ending June 30.
1902.
1901.
1900.
Miles operated June 30
2,265
2,265
1,787
Passenger department
$11,557,583 $11,147,757
$9,069,118
Freight department
18,732,089
18,210,599
11,986,441
MaUs, express, etc
1,482,919
1,378,402
,093,043
Total gross earnings
$31,772,591 $30,736,758 $22,148,602
Net earnings
$9,339,439
$9,217,973
$6,543,584
Net, inolud. other income
$9,997,444
$9,856,835
$7,260,959
.
Interest
1,366,997
1,268,588
1,088,163
Rentals
5,062,922
5,199,234
3,220,159
Taxes
1,629,514
1,547,315
1,200,599
Dividends
1,764,359
1,645,000
1,515,304
Slnkingfund
151,285
151,285
64,717
Balance, surplus
$22,367
$45,413
$172,017
Officers.— President, Lucius Tuttle, Boston; Treasurer, Herbert E.
Fisher, Boston; Comptroller and General Auditor, W. J. Hobbs. Boston; Clerk, W. B. Lawrence, Boston.
Directors— Lucius Tuttle, Richaril OIney, Walter Hunnewell, Henry R. Reed
Boston; Joseph H. White, Heury M. Whitney, Brookline, Mass.; L. C. Ledyard
Heurv K. uimock, C. M. Pratt, New York; Samuel C. Lawrenie, Meillora; A.
W. Sulloway. Franklin, N. H.; William Whitiug, Holyoke. Mass.: Alexander
pref.. In full to
Bonds.—As to debentures
&
Cochrane. Bostou.
— (V. 75, p.
Boston
340, 341, 665, 728, 793,1085, 1301; V.
76, p. 381.)
& Providence BB.— Owns Boston, Mass., to Providence,
R. I., 44 miles; branches, 20 miles. Leased for 99 years, April 1,
1888, to Old Colony RR.; rental, 10 p. o. yearly on stock.
Boston Bevere Beach & Lynn BR.— Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, cormectlng with Boston by
company's ferry boats Boston Winthrop & Shore Div., East Boston to
Winthrop, 5 mUes, with branches 3 miles. Of the 4ias of 1897 $289,000 reserved for Boston W. & S. 5s; balance unissued Is for improvements. (V. 65, p. 68.) Notes payable July 1, 1902, $185,000.
DIVIDENDS. ) 1888-91. '92. '93. '94. '95. '96. 1897 to Jan., 1903.
413
5
4
3
2 yearly.
Percent. 5 7 yearly. 5>fl
;
IS
INVESTOKS'
SUPPLEMEIST.
ITOL. LXXVI.
April,
KAILRUAD STOCKS AND BONDS.
1903.J
RAILROADS.
For explanation of column heading,
on first page of tables.
4feo.
Miles
Date
of
of
see notes
1
I
Size, or
Par
Road. Bonds! Value.
1902 $1,000
105
Brunsw. <6 Birmingh.—lstU., $12,000,000, g.K.c*
West.—See Atlantic Coast Line RIC.
Brunsw.
r
Buffalo Creek— iBt mortgage
Bond*— PrinclINTEREST OR DIVIDENDS.
pal.When Due.
Rate Per When When Payable, and by Stocks—L,di&%
Amount
Outstanding
Cent.
$2,100,000
c-
'90 '98
1899
1900-1
Helvetia, purchase money, mort., g.,8. f.Ce..o*
of 1902, $2,000,000, g., red.l 05, s.f.G.c*
Buffalo c6 SusQuehanna—atod, $16,037,500 auth.
Pref. stock, 4 p. c, non-cum., $4,000,000 auth...
102
Me.o'&r
Isi M., g., 8. f., red. at par
Ist refun Uug mort., gold (see text).l»In. .. c*<fer
172
Xr.
Burlington Cedar Rapids <t Northern— Hlotk.
P c'<fcr S69
let mortgage, lawf til money
Ced. Rap. I. F. &N. W.,con. lstM.,g., guar.Oe c
F.c*&r 'lii
B.C.R.&N. con. 1st M. & col. trust, gold
12
Minneapolis & St.Louis, let M.., gold (assumed) Ae
Burliii(jio <£ Mxitouri Vniley—8ee Chicago Bdr LINGT
Calgary dt Edmonton— f>iee Canadian Pacific.
.
.
lPOl-02
1900-01
(6
taxes.
V. 67, p. 1000;
p.
953
$601
.
groas. $168,207; net, ^30,947; int .taxes, etc., *70,0-;4; balance, deficit,
»39.077. Prest, Geo. L. Roberts, Pittsburg. Pa.; Seo'y. J. B. McGeorge,
6 Wall St.. N. Y.— (V. 73, p. 1009; V. 75, p. 793, 1030, 1201.)
Brockvllle "Westport <k Saalt 8te, Marie
(V. 75, p.
1252; V. 76, p. 101, 211, 809.)
Ry.—
Brooklyn & Brl<;^hton Beach RR.—V.69, p. 228; V.75, p. 1353.
Brooklyn &, Rockaway Beach RR,— Owns road from East
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 319 miles (of
which 3 miles double track) and operates ferry to Rockaway Beach.
Operations suspended during winter months. On Jan. 20, 1903. Henry
J. Robinson was appointed receiver. V. 76, p. 211. Stock is $150,000;
par, $50. Floating debt Jan., 1903, $240,000; real estate mortgage,
$30,030. In year ending June 30, 1902, gross, $6,070; def. under
operating. $8,174; other Income, $4,492; int. and taxes, $28,050;
balance, deficit, $31.732.— (V. 74, p. 1194; V. 76, p 211.)
,
Bruce Mfues & Algoma Ry.— V. 76, p. 704.
Brnnswick dc Birminshani B «.— Projected from
Brunswick,
Ga., To Biruiiugham, Ala., 417 mtles. with branches, making a total of
about 450 miles, of which 105 mUes, Brunswick to Nichols, was
completed July 1, 1902, including the Ofierman
Western RR., 35
miles, purchased in Mar.. 1902; trackage, Nichols to Bushnell, 20 m.;
unaer construction, Bushnell to OciUa, 19 m.; V. 74, p. 774. In
Aug., 1902, the Tifton & Northeastern RR., Tifton to Fitzgerald, Ga.,
25 miles, was under option of purchase; control was also acquired
of the Octlla <fe Irwinville projroted from Ocilla to Ashburn. The Tifton
& N. £. had outstanding $50,000 bonds. V. 75, p. 288. In Apr., 1903,
ooutrol was acquired hi the MohawK Valley Steel & Wire Co. V. 76.
Stock and bonds authorized, each $20,000 per mile; outp. 809.
standing Deo., 1902. $2.100,0001of each. Pies.. E. C. Maohen; Sec, H. P.
Condit; Treas., C. J. Bushnell, 71 B'way, N. Y.— (V. 75, p. 134, 288.)
&
Ac
RR.— See Atlantic Coast Line RR.
RR.— Owns 6 miles of terminal road In Buffalo
Western
N. "V. In December, 1889, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., which together own entire capital
Btock of $250,000. Dividends in 1898-99 to 1900-01, Incl., 7 p. 0. yearly.
&
BniTalo Rochester
Pittsburg Raii^vay.— (See Map.)—Oj^ei
ates from Buffalo and Rochester, N. Y., to the bituminous coal regions:
Lines owned in fee
Jtfilea.
Leased--Entire st'k ovon'dr— Milef.
B uffalo Creek, N. Y., to Howard
Johnsonburg
Bradford RR.~
June, Pa
81
Howard June, to Mt. Jewett. 20
Clarion Juno., to Lindsey, Pa.. 60
Leased Stock not owned.
Rochester to Ashford. N. Y
94 Allegheny
Western— If
Charlotte, N. Y., to Lincoln P'k. 10
Punxsutawney to Butler, Pa. 60
—
&
—
&
Five branches to mines
19
Trackage—
Erie— Mt. Jewett to Clarion J.. 21
Pitts. A West.— Butler, Pa., to
Newcastle
41
Rlbold Jc, Pa., to Allegheny
Clearfield <fe Mahoning—
Clearfield to Beech Creek
Pa
33
5
Jan.
Jan.
1,
1,
1907
1941
Mahoning Valley
RR
do
& A.
A.
& A.
& D.
& 8.
& J.
D.
& N.
& N.
F. & A.
J. & D.
J.
D.
M. & 8.
M. & N.
F. & A.
8,300,000 4 In 1902 P.
6,000,000 6 In 1902 F.
1,300,000
6 g. F.
3,917,000
4,427,000
5 g.
350,000
5 g.
326,000
5 g.
500,000
4^2 g.
2,000,000
4^ g.
do
N. Y., 36 Wall Street,
Feb.l6,'03,2ifl
do
do
Feb., 1903, 3%
do
do
Feb. 1, 1921
do
do
Dec. 1, 1922
do
do
Sept. 1, 1937
do
do
Jan., 1939
do
d©
1903-1908
N. Y.. 36 Wall Street.
May 1, 1919
do
do
May 1, '20-21
<fe
<fe
Chocks mailed.
N. Y., 36 Wall Street,
Febl5,'03,2ifl
June 1, 1926
do
June 1, 1926
do
Nov. 30, 1907
do
Mav 1, 1946
do
Aug, 1, 1932
Buffalo, N. Y.
Apr., 1903, II4
do
do
Mar. 2, '03, 1%
N. Y., H. Fisk & Sons.
Oct., 1913
N. Y., Fisk & Robinson. Apr. 1, 1951
N. Y., Com Exch. Bank. Jan. 2, '03, 3%
N. Y., Central Trust Co. June 1, 1906
do
do
Oct. 1, 1921
do
do
Apr. 1, 1934
N.Y., Hanover Nat. Bk. June 1, 1927
do
do
do
do
1, 1902, in exchange for $1,000,000 convertible deben
and of the balance stockholders subscribed to $1,300,000 at par
the proceeds to be used to build 46 miles of new road. See above
V. 75, p. 183, 347; V. 73, p. 1009; V.74, p. 1250.
Dividends (p. c.))'92. '93. '94-96. '97. '98. '99. '00. '01. '02 1903
Preferred
>
Feb 3*
Common..
)
4
4Feb .2ia
Bonds.— General 58 for $5,573,000 are reserved for prior bonds etc
The $2,000,000 debentures of 1897 in the treasury in July'
1902 are convertible into common stock at par and subject to
call at 102 >«; they are to be secured by any subsejuent mortgage unless made for refunding existing prior liens or for ex-
tures,
5114O
tensions exclusively.
See V. 64,
122666
p. 706; V. 73, p.
R &p
1009, 1111.
Income 6s, $5,000. A sinking fund of 5 per cent will retire equipment
bonds annually on May 1, if purchasable at or below par, otherwise to
be applied to the purchase of a tditional equipment. V. 68. p. 1131- v
Real estate mortgages bearing 5 p c inter71. p. 501; V. 73, p. 348.
est,
$304,000.
EARNING8.-8 mos., )1902-03... Gross, $4,835,621;
net, $2 071 286
July 1 to Feb. 28. U901-02.... Gross. 4,19l!490; net! 1802174
For 6 mos. ending Dec. 31, 1902, not. $1,616,379, against $1,'529'315
other income $14,854; charges, $718,183; balance,
i-o, surplus,
sornlus
$913,050, against $835,813.
ANNUAL Report.—Fiscal year ends June 30. The annual meeting Is
held at New York on the third Monday in November. The report for
1901-02 was given at length in V. 75, p. 340, 346; see also editorial
In 1901-02 carried 4,655,783 tons of bituminous coal (out of
p. 317
6,934,359 total tons of freight moved), against 4.590.527 in 1900-01
year end. June 30—
1902.
1901.
1900
ISQQ*
472'
Miles June 30
472
472
338
Gross earnings
$6,292,584 $5,803,693 $4,992,147 $3.788 456
Net earnings
$2,519,018 $2,394,661 $1,863,267 $1 172'843
Other income
20,662
26,926
19;988
isisii
in 1901;
Total receipts
$2,539,680
Interest on bonds.... $731,472
Int. on floating debt..
259
$2,421,587 $1,883,255 $1,186,355
$710,158
$683,321
$668 110
33
'330
421
Rentals
476,251
473,726
303,114
127 964
Special appro'ns, etc.
640.994
552.365
330,425
Dividend on pref
(6)360,000 (6)360,000 (4)240,000 (2)126'6o6
Dividend on com... (4) 240.000 (2)120,000
........
Balance
8ur.$90,704 8r.$205,305 sr.$325,974 sr.$269,951
The profit and loss acconnt for 1802 credits $100,0110 dividend from K 4P C
&I. Co. stock and $3,050 premi am on b )nds sold, and debus $22
tional consi ruction exenses, not. included in the above cable.
J3n
for addi-
OFFICERS.- Prest,, A. G. Yates, Rochester; Vice-Prest., Adrian Iselln
N. Y.; Treas., J. F. Dinkey, Rochester; Sec, J. H. Hooart, N. Y.
Directors.— J. Kennedy Tod, A. *i. Yates, A. Iselin, Jr., W. H Peckham H 1
Barbey, Walter G. Onkmau, C. O'D. Iselin, J. H. Hocart, A. Richard,
Emien
«",,». cmien
Roosevelt, Ernest Iselin, Oscar Grisch, John L. Riker.
N. Y. Office. 36 WaU St.-(V. 76, p. 47, 157, 381, 593.)
Jr.,
W
RR.—
BnfTalo A: Susquehanna
rSee Map. j— Owns from Keating Summit to Ansonia, Pa., 62 miles; Galeton to New York State
Une, 27 miles; Gaines to N. Y. State line, 31 mles; Wliarton to Sinnemahoning 19 miles; Cross Fork Branch, 13 mUes; leases State Une
to WeUf.ville. 10 miles, and State line to Addison, 10 miles
Total
operated. 172 miles.
consolilation in April, 1901, of several
The stocks and bonds of leased lines are owned. V. 73, p 619 lines
company has acquired control of large coai properties at Tyler andThe
Du
Bois, Clearfield Co.. Pa., to which point an extension from Sinnemahonlng, 62 m.,is being buQc.
Buffalo EXTiiNsios— Lease. -An extension is being constructed
from WfllsvlUe to Buffalo, 84 miles, under charter of the Buffalo
Susquehanna Hailway, Tiie latter has capital stock, $10,000 000 half
4p 0. on-ouui. pref., and its issue of $i,000,000 flfty-^ear 4'2'p c
gold bonds, has boon underwritten.
Upon completion of tlie extension th« /Jai/iz-ai/ company will leaie the rairoarf for 999 years guaranteeing Intere.st on the railroad bonds and dividend-i on the pre'ierred
stock, and acquire the railroad companv's common stock (then to be
$1,500,000) in exchange for $^,000,000 of Its own stock See the
Ry. Co. below and V. 76, p. 593; V. 74, u. 1037; V. 75, p. 76. 665, 922.
Stock.— Common stocK was increased on April 1, 1901 from $1
518.000 to $3,518,000. In 1902 $4,000,000 4 per cent non cumulative
preferred stock was authorized, of which $3,000,000 was sold to pay
for bituminous coal properties, construction of new lines in Pennsylvania (see above) and general purposes. V. 74, p. 1037; V. 75, p. 9^3.
A
&
•
RR. 26
2
Total July. 1902 (ITSee separate statem't for this comOther
pany)..
472
Organization, Etc.— Successor In March, 1887, to the Rochester <fe
Pittsburg, which was foreclosed in Oct., 1885. Plan of reorganization
In V. 41. p. 516. The entire capital stock ($4,000,000) of the Rochester
& Pittsburg Coal & Iron Co. Is owned (V. 66, p. 1088) and through that
company in May, 1896, control was acquired of Jeflerson <fe Clearfield Coal ife Iron Co. (see Mlscel. Cos.) with $3,000,000 stock. For
bonds of these coal companies see table above. Clearfield & Mahoning
aecurities are guar. Allegheny <fe Western, see below. In Aug.. 1901,
allied Interests purchased upwards of 2.t,000 acres of coal lands in Indiana County, Pa., a 28-mile branch being under construction to McKees. Pa.: also 38 miles additional to be built to reach coal lands near
Vintondale, Pa., of which 18 miles to Black Lick to be completed in
1903 and remaining 20 miles to be Pennsylvania RR. trackage. V.
75, p. 183, 347. A 1."^ mile branch will also be built to coal lands In Indiana Co..Pa.,acqniredlnDec. 1902, by thesame interests. V. 76, p. 47.
Stock.- Common st^ck w is authorized in Nov., 1901, to be increased
from $6,000,000 to $9,000,000; of the new stock $1,000,000 was
City,
1952
N. Y., Farmers' L.
'
V. 69, p. 953.)
Southern Union Depot In Boston
opened in 1899. V. 68, p. 40; V. 69, p. 591. Boston & Albany, New
England. Boston <& Prov., Old Colony and N. Y. N. H. & Hartford RR.'
Cos! each owns one-fifth of the $500,000 capital stock and pay as rental
In monthly instalments sums sufficient to pay all expenses, charges,
These companies are
interest on bonds and 4 per cent on stock.
Registered intJointly liable for any deficiency in case of foreclosure.
erest payable Q.— F.; coupons F & A.— (V. 69, p. 129, 591.)
Bradrord Bordell & Klnzua Ry.— (3-/'. gauge.) Owns Bradford to Smethport, Pa., 26*H mUes. Leases Ormsby Jc. to Mt. Jewett,
Pa. (Big Level & Kinzua RR.), 1048 miles, and Mt. Jewett to Kane. Pa.
(Pitts. & West.) 11-49 miles. Total 4808 mUee.
Stock, common.
$308,000 authorized; $249,000 issued; par, $50. The Oct., 1902, and
Apr 1903, coupons are in default; V. 75. p. 1030. A protective committee for the bondholders, it is understood, has been appointed.
Year 1901-02 dnoludirg 83 miles of Pittsb'g & West'n lines oper»ted»,
Bulialo Creek
1,
Dividend.
issued July
Boston Terminal Co.— Owns
Brunswick
Jan.
& Tr,
J.
g. iJ.
1,000
1,000
1,000
1,000
1,000
Div.paid. Bal.,surp.
$17,000
17,000
$57,561
56,085
$75,162
73,085
$485,139
407,395
— (V. 65, p. 68, 568;
Int.
&
J.
1,500,000
5
1,621,000
ife
1,000,000
5 g.
781.000
5 g.
1,077.000
5 g.
1,000,000
4^2 g.
50
3.518,000 See text Q.-J.
50
3,000,000 See text Q.— M.
1893 500 <fec.
371,500
5 g. A. <fe O.
1901 l,00O(feo
3,218,000
4 g. J. & J.
100
See text
7,150,000
6
J. (fe D.
1876 lOOifec.
6,500,000
5
1881
1,000
1,905,000
5 g. A. & O.
1884 l,00O&c 11,000,000
5 g. A. <fe O.
1877
500
150,000
7g. J. <fe D.
ON&Q CINCT.
Report for 1898-9 in V. 69,
Net.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
6
5
100
1896
1896
1886
1896
1902
IstM
Cross.
1881
1882
1887
1889
108
276
276
10
190,000
496.000
1,000
1.000
100
100
Securities of Allied Goal Properties.
Jefferson & Clearfield C. & I., pref. stock
G.o*
Ist M., g., sinking fund, driven at 105
Usin.o*
2d M., gold, 8. f., drawn at 10-5
o
Roch. & Pitts. Coal <fe Iron, 1st M., g., s f
Tear.
Whom.
N.Y.,Knlcker.Tru8t Co.
I
1882
1891
6
6
Rufalo N. T. <t ^/n«—See Erie Railroad.
Buffalo Rochester & Pittsburg—Com. stock. Tr
Pref. stock, non-oum.; com. 6%; then pro rataTr
R. & P. 1st M ,g., Rochester to Salamanca. Un.c*
R. <fe P. consol. M., $20,000 per m.,gold, g.Uii o*
B.R. &P. 1st general M. ($10,000,000) g...Uno*
Lincoln Park & Charlotte 1st M., gold, gu.Un.o*
B. R. & P. car trusts, gold, due semi-annually ...
Equipm't bonds, $500,000, g., s. f., Ser. A...G.C*
do
B., &c., $1,000,000 each, g., 8. f.G
EAH>flNGS.—Year ends June 30.
Payable
412 g. J.
<fi
Cons. M., $1,000,000, Kold, interest as rental
19
Dividends—
5455
common,
On common.. %
)
'95. '96. '97. '98. '99. '00. '01.
5
1902
1903
Below. Incl.Apr.,2>fl
c; July, 212 p. o.; Oct, 1901, to Apr..
55
8%
^^
Jan., 5 p.
1903, both inclusive, 1»4 p. 0. quar. (Q.-J.).
Bonds.—The sinking fund retires each year as many 5 per cents as
indicated by dividing total outstanding by number of years the bonds
have yet to run, purchasable in the open market, or subject to call at
par in order of numbers, beginning with highest. V. 65. p. 234 The 58
are being refunded Into 4s of 19.31. V. 72, p 674, 871,1034. 1279
The 4 per cents cover entire property, subject as to a portion thereof to lien of the 5s. They also cover 3,000 acres of bituminous coal
lands at Tyler. Pa. Of the bonds not exceeding $3,760,000 Including bonds set aside for refunding purposes* can be issued on the 172
^^^'l,^^^^'
mVESTOES' SUPPLEMENT.
so
GENERAL PLAN
&
^
LXXVI.
[Vol.
cP-
OF THB BUFFALO lERSWNALS OB THE
Buffalo & Susquehanna RY. Go.
™ AND OF THF PTTRKAr'TC
PLANT OT? THl!'
FURNACE PT.AKT
9^^
\\\.
.Buffalo
f5-
A
4
Cliurch\i]iB
Lptetoa '^''ff
^
yW
N.
randa
Tonawande,,
N
E
;-onG
c.
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&
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r^
c^
^>''^^Gunnville Y;
-S/7E
E:
E
Batavia"<'_,
.
—^^^__
/
Darieu
"'^,^'
Nuls^rrrjc77L«^
V.
Ph^l ps
ps^
/VEast Bethany
Alexandria
X
|
—
*^!fcUi dEasf Elba
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-^v
Orchard
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sj'ark
tkali
fC
Greigsyille
ytaris
^
L
^JVali^s Centre V
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/
^l >'SaItvale
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Richmond
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O
i>-
y^
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iBendK
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IK
N^
MAP OF THE
JJUTFALO & SUSQUEHANJVA
EAILROAD.
^^y
pOsceola
^
Ramey
Fall.Brook
i\(
\^'
;
t(t\)la
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AOSrD ITS
CONNlECTrONS.
RAILROAD STOCKS AND BONDS.
Apbil, 1903.1
RAILBOAD8.
Miles
I
Date
Size, or
INTEREST OR DIVIDENDS.
Amount
—
Canada Atl — Ist M., g., Ottawa to Lacolle, &0.F0'
Ottawa Amprlor & Parry Sound, Ist mortgage.
Central Counties, Ist mortgage, interest rental..
138
261
38
Canada Mich. <£ Chic— let mort. See V. 63, p. 838
Canada Soul hem — Stock
IstM. $14,000,000 (Can. money). 8eeV.63.p.l88.
2d M. for $6,000,000. Canad'n money. Do.do.c<fer
Leam. &St. Clatrl8tM.,gold, gu.,p.&i.(end)....c*
Canadian xVo.— Win. & Sask. 1st M., $3,000 v. m
459
404
404
16
450
.
m
(V.75,p 1353)
Win. & S. TUv. 2d M. ($2,000 p.
Ontario Div. 1st M. deben.,£ 1,190,500 (see text)
Other railroad bonds
1st land grant M. red. 110 (V. 75. p. 183.549)
Imperial Rolling Stock Co. 1st M., part due yearly
Canadian Pacific— Stock
290
(See text)
r
4 p. c, non-cumulative
269
Canada Central RR. 2d mortgage (now 1st)
Quebec Prov. due on Q. M. O. & O. and N. 8. RR. 370
3,221
Can. Pacific, Ist mortgage debenture sterling
c'ifcr
183
Ist mort. on Algoma Branch, gold
Land grant bonds, int. gu. by Can. Gov't. ..o*<fcr
Consoudated perpetual debenture stock
Securities of Principal Leased, etc., Li NES.
Manitoba S. W. Col. R'y $12,000 p. m., int. guar.g 218
Atlantic & Northwest— 1st mort. gold, guar. .o*<fer 350
205
North Shore Ry.— 1st M. C. P. owns $610.767..
Pref. stock limited to
$600,000
750,000
5g.
1891
1,279,000
5g.
J.
&
&
&
&
&
&
pal,When Due.
Payable, and by /S^ocfcg— Last
Whom.
Dividend.
I
i
J.iMorton Trust Co.. N. Y. July
San Fran. <te New York. Apr.
J. Phila.,
Broad
St. Stat'n.
1,
1921
1928
1,
1941
1,
O.
Jan.
J. Phlla., Broad St. Stat'n. Jan., 1903, 3%
J.
6
381,925
do
Feb. 1, 1927
A.
do
350,000
4 g. F.
J. N.Y.,Bk.Mont., & Mont. Jan. 5, 19U9
5 g. J,
3,450,000
5
1,000,000
3So,000
5
1,000 Worthless.
100 15,000,000 2i«in'02 F. & A. N. Y., Gr. Cent. Station. Feb. 2, '03,
Jan. 1, 1908
J. & J. N. Y., Union Trust Co.
5
14,000,000
1878
1,000
M. & 8. N. Y., Union Trust Co. Mch. 1, 1913
5
1883 l,000&c
6,000,000
4 g- A. <te O. Montreal, Bk. of Mont. Oct. 1, 194.'5
130,000
1895
1.000
4 g- F. & A. London and Toronto. Feb. 1, 1929
£718,300
1899
Toronto.
1930
5 g. Semi-an
1900
(?)
4&4i2g
J &D^o London and Toronto. Jane 30, 1930
£100 £1,190,500
1900
See text.
$"or"i
4g. F. & A. Nat. Tr. Co. Tor. or Lon. Feb. 1, 1929
$2,000,000
5 g. M. & N. N.Y.C.Bb.of Com.or Tor Nov. 1, '03-12
1,330,148
1902
1,000
84,500,00'> 5 In 1902 A. <te O. N. Y., 59 Wall St. iV Lon. Apr.l, '03, 213
100
London, Co.'s office. Apr.l, '03, 2%
4
A. & O.
&X &c 31,171,000
Nov. 1, 1910
Montreal.
Various
6
973,333
1880 *100<S£C
4I20 A. & O.
Mar. 1,1904-06
do
82-'83
7,000,000
5 g. J. & J. London, Baring B. & Co. July 1, 1915
1885 £100 '&c 34,998,633
do
July 1, 1937
do
3,650,000
5 g. J. & J.
1888 £100 &;c
3iag. J. <fe J.
do
July 1, 1938
do
1888 £100<fec 15,000.000
J. & J. London, Comp'ys ottice. Irredeemable.
4
1889 £1 &c. 63,532,416
,
2,544.000
1,000
1884
1887 £100 &C £1,330,000
$616,120
£100
1883
,
—
g.
1,000
1,000
miles of road and the coal properties mentioned. Further amounts
be issued for the construction or acquisition of additional road
at not over $25,000 per mile, for new termiUdlB, control of coal properties and for new equipment.— V. 73, p. 619. Total authorized issue,
$15,000,000, but additional amounts at $15,000 per mile may be issued for double-tracking mileage already covered by the mortgaii e.—
V. 73, p. 619, 899. A sinkli)g fund of 3 cents per ton of coa' mined is
provided for, to be invested in the bonds if purchasable at not exceeding 110 p. 0., otherwise la sa vines bank securities.
Gross, $661,037; net, $300,260
Earnings.— 8 months, ) 1902-3
Gross. 563,647; net. i;51.947
July 1 to Feb. 28.
U901-2
For 6 mo."), ending Dec. 31, 190<5. net, .$240,471, against. $204,330 in
1901; otherinc ,$53,414; char*?.. $79,116; sur.. $214,769,ag8t $142,799.
Report.— Report tor year endina: June 30, 1902, was given at
length in V. 75, p. 902, 922, (See also editorial, p. 877.) Gross, $835,748; net (over taxes), $357,269; other income, $37,672: interest and
rentals, $149,726; dividends on common (5 per cent). $175,900; bal.
$69,316. In 1900-01, gross, $721,966; net, $301,565.- (V. 76, p. 593.)
Bufialo &. Siiikqrehaiina Ry.— Has under construction a line
from WellsvilJe to Buffalo, N. Y., 84 miles, to be completed by July, 1904.
as an extension of the Bulfalo & Susquehanna Hailroud (which see
above). L^pon completion of this line the B. &. 8. RR wiU be leased
for 999 years for interest on the outstanding bonds ($3,589,500) of the
latter and a guaranteed dividend of 4 per cent yearly on the $3,000.000 preferred stock, the entire common stock (to be $1,500,000) to be
acquired In exchange for tbe stock of the railway company.
The road thus to be owned directly or through the entire common
stock will extend from Bufl'alo, N. Y., including ternjlnals at tliat
place, to Sykesville, Pa
with branches, a total of 325 miles. The
Buffalo & Susquehanna Coal & Coke Co. (V. 75, p. 922) wUi also be
controlled. The estimated coal and coke tonnage will be 2,000,000 tons
yearly. See V. 76, p. 593.
Stock.— To be $9,000,000, all outstanding; par of shares, $100.
Bonds.— The first 50-year srold 4i«8 ($5,000 000 being underwritten
by a 8yndi( ate in Feb., 1903) will be secured by a first hen on the 84
miles in new York State directly owned and by deposit of the entire
common stock of the B. & S. Railroad Company and assignment of
the contract with the B. & S. Iron Co. (V. 74, p. 1040). See V. 76, p.
593. (V. 76, p. 593.)
"Burlington."— See Chicago Burlington & Quinct RR.
Burlington Cedar Rapids
Nortliern Ry.— Operates
Lines owned in fee
Leased All stock- owned
Burlington, la., to Erin, Minn.
Iowa City <fe Western RR
73
(less 11 jointly leased)
296 Cedar Rapids, I. F. & N. W.,
Branches owned to Postvllle,
Holland, la., to Watertown,
Riverside, Holland, etc
310
80. Dak., &c
511
Leased—
Ced. Rap. & Clinton RR.. Ac. 109
Manly Jc. to Northwood,
14 Trackage (over C. M. & St.P.) 45
Total operated .Fan. 1. 1902
1.^55
History.— The Chicago Rock Island & Pacific Ry., which owned over
$5,000,000 of the $7, 1 21,740 stock, leased the road for 999 years from
June 1, 1902, on a basis of fixed charges and 6 per cent on the stock.
In Jan., 1903, all the minority stock, except $189,700 had been exchanged, dollar for dollar, for stock of the Chic. R. I. & Pac. Ry. V. 74,
p. 1194, 1354; V. 75, p. 28.
Dividends- J '93. '94. '95. '96. '97. '98. '99. '00. '01. '02
Since
Per cent. <3
See"Hi8tory"
Bonds.- Of the 5so( 1884 (Central Trust Co., Trustee), bonus artreserved to retire. If deemed best, all prior and divisional bonds. For
extensions bonds may be issued at $15,000 per mile for single and $7,
500 per mile for second track, the total author, issue not being limited
Minneaimlis <6 St. Louis bonds due June, 1927, numbered from 1,101
to 1,400, for $500 each ($150,000 in all), have been assumed.
Eaunings.— 4 mos., ) 1902
Gross, $1,677,012; net, $644,058
Jan. 1 to April 30.
Gross, 1,548,645; net, 491,039
S 1901
ANNUAL Report.- Fiscal year ends Dec. 31. Annual meeting Is held
on last Tuesday in May. Report for 1901 was in V. 74, p. 1249.
Year ending Dec. 31— 1901.
1900.
1899.
1898.
Miles oper Deo. 31
1,299
1,287
1,171
1,136
Gross
earnings
$5,360,607
$4,848,277 $4,926,933 $4,545,643
"
'
Net earnings
I,f52,593
1,250,842
1,432,761
1,430,821
Other receipts
260,981
102.714
123,101
60,123
Total net income. $1,955,307 $1,511,823 .$1,555,862 $1,4^0,944
Interest on debt
$792,200
$791,1.50
$795,275
$799,400
Dividends
(6)427,239 (8)440,000
(8)440,000 (4)220,000
Miscellaneous
18.045
19,^ 77
66,893
Surplus
$717,823
$260,696
$320,587
$404,651
—(V. 74, p. 1194, 1249, 1250, 1354; V. 75, p. 28, 288, 1146.)
Batte Anaconda 6c Pacific Ry.— See Supp. for Jan, 1903.
Calgary Sc Edmonton By,— See page 172.
California Northwestern Ry.— Operates under lease the San
Francisco cv North Pacific Ry., extending from Port Tiburon, Cal.
(whence ferry to San Francisco, 6 miles), to Ukiah, Cal.. 106 miles, and
branches, 59 miles. Also, in Sept., 1900, began to build an extension
60 miles into the ledwood forests of Mendocino and Humboldt counties. Cal.,of which Uklah to north of WUlits, 30 m.. are in operation.
Stock. $3,000,000; issued, $1,566,000; par. $100. Bonds are Issuable
at $25,000 per mile, being guaranteed by San Francisco & North Pacific,
leased for net profits for 20 years from Sept. 20, 1898. Pres., A. W.
&
5
25
1897
1889
may
—
Payable
Cent.
1896 $1,000
1898
1,000
1,000
I
When Where
Rate per
of
Par
of
For explanation of column headings, <feo., see notes
Outstanding
Road. Bonds Value.
on first page of tables.
40
California EasVn—lsX M., gold, $15,000 per mile.
30
Cai. itfor<Aw.— IstM., g. ($2,000,000, gu. p <fel.) s.f.
Oaiifomia Pacific— See Southern Pacific RR.
103
g.GP.C
Cambria <t 0Uar1ieldr-\eX M. ($2,000,000)
Camden & Allantic—9>EE West Jersey & Sea Sho re.
30
Camden <£ Burling/on County Stock, 6 p. ct. guar.
30
l8t mort., $350,000, gold, gu.p.A i.by P.RR.G P c*
31
—
334 448866
-
5
5
g.
J.
J.
A.
& D.N. Y., 59 Wall London June 1,
& J. London, Baring B. Co. Jan. 1,
do
do
Apr: 20.
& O.
«fe
<fe
1934
1937
1904
Thos. Mellersh.
Foster; V.-Pres., tjeo. a. ^ewhail; Sec. and Comv>
370, 688, 788; V. 73, p. 444; V. 76, p. 751.)
.
— (V. 67, p.
Ry.—See Southern Pacific RR.
Cambria & Clearfield RR.— Cresson Jot. to Hoover's Mill Branch
California Pacific
Jet.,
50 miles; branches, 53 m. Stock (par $50) paid in $1,300,550 all
owned by the Pennsylvania RR. Co., which operates the property under
an arrangement terminable at option of either party. Net earnings are
paid as rental. A full abstract of the mortgage was in V. 52, p. 976. Of
the bonds, $634,000, were on Jan. 1, 1903, owned by Penn. RR. In
year 1902, gross, $623,192; net, $141,180. In year 1901, gross,
$488,768 net, $114,177; interest and taxes, $111,390.
Camden & Burlington County RR.— Owns from Camiden, N. J.,
CO Pemberton. N. J., 23 miles; branch, Burlington, N. J., to Mount HoUy,
7 miles; total, 30 miles. Operated by the Pennsylvania RR., which
guarantees 6 per cent on stock. Stock, $381,925; par $25. Dividends
in January and July. In 1902, gross, $298,212; net, $52,890; profit to
lessee under rental, $15,475. In 1901, gross, $287,960.— (V. 64, p. 373.)
Canada Atlantic "R-y.—fSee Map Great Northern Railroad of
Oanada.j-O'WTis Depot Harbor, Ont., on Georgian Bay, via Ottawa, to
Vermont State Line, 400 miles trackage to Swanton, Vt., etc., 10 m.;
leases for 99 years from the Central Counties Ry. branch from Glen
Robertson to Hawkesbury, 21 miles, and branch, South Indian to
Rockland, 17 miles, and from Pembroke & Southern Ry. branch from
Pembroke to Golden Lake. 21 miles, at 25 per cent of gross earnings;
total, 468 miles. The company runs through trams to Montreal, using
the Grand Trunk Ry. from Coteau, Montreal, 37 miles, under a tralfio
contract. In Aug., 1899. absorbed Ottawa Arnprior & Parry Sound.
The Canada Atlantic Transit Co., organized about Oct., 1899, with
$1,000,000 stock, will operate a fieet of steamers from Parry Sound to
Duluth, Milwaukee and (Chicago.- V. 69. p. 954. The Great Northern
Ry. of Canada, together witn the Canada Atlantic, forms a short
through route for ocean-bound freight from Parry Sound to the deep
water docks at Quebec— V. 70, p. 279.
Stock, $6,200,000 common and $1,000,000 preferred, all issued, together with $6,158,300 common.
Earnings.— 8 mos„ ) 1901-2
Gross, $1,187,097; net, $340,922*
;
;
Gross, 1,172,246; net, 206,593
July 1 to Feb. 28. 5 1900-1
Report for year ending June 30, 1901, in V. 73, p. 954. In 1901-2,
gross, $1,816,946; net above taxes and rentals, $569,021; net earnings of steamships, etc., $31,401; net revenue for interest, etc., $600,-
422.— (V. 74,
p. 935, 986, 1194.)
Canada ITlicIiigan & Chicago.- Bonds worthless. V. 63, p. 838,
Canada Southern Ity.—(See Map New York Central d Hudson R,
—
—
Railroad.) Road Main line from Suspension Bridge station, including the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc.. 231 miles; total, 457 miles, of which 100 mUee are
nominally owned by proprietary companies. Trackage, St. Thomas to
London, Ont., 15 miles. Double track. 135 miles.
Organization, contracts. Etc.—The Company was chartered In
Canada February 28, 1868, and debt readjusted
1878. In Nov., 1882,
a close contract was made with the Michigan Central for 21 years from
Jan. 1, 1883, providing for pasonent to Canada South'n of one-third joint
Income over fixed charges. Under re-apportionment of December,
1892, it was agreed to give the Canada Southern 40 per cent and the
Mich. Cent. 60 per cent of the first $1,000,000 of net earnings, any
amount over that to be divided on the basis of one-third and two-thirds,
as before. But under the original contract each company is still accorded
all benefit from the reduction in its fixed charges
consequently as the
Michigan Central to Jan. 1, 1898, had reduced its charges about $327,000. that amount is credited to it before division is made V. 64, p. a.
Dividends.— 1888 '89 '90 '91 '92 '93 '94 '95 '96 '97-01 '02 1903
Since 1887
213% 213 313 2^2 3 3 3 21^ 213 2y'rly. 2»flFeb.,l
Annual Report.— Prel. report for 1902 was In V. 75, p. 1398; Canada
80. shareof earnings, $315,000; dividends (2 p. 0.), ^300,000 bal surplus for year, $15,oao.
In 1901 Canada 80. share, $375,2 i8. Total
surplus Jan. 1,1903, $29,996.— (V. 75, p. 1398..)
Canadian Northern Ry.— Port Arthur, Ontario, on Lake Superior
westerly and northwesterly via Winnipeg, Manitoba, to Erwood, near
the Great Saskatchewan River, 812 miles, of which Winnipeg to Beaver,
75 miles, is leased from tbe Northern PacLfic along witli lines referred to
below; Port Arthursouth to Gunflint, 86 miles; branches lea.sed from
m
;
;
,
Northern Pacific (Winnipeg to Pembina, 69 m.; Morris to Brandon, 146
m.; Belmont to Hartney, 51 m.; Portage la Prairie to Delta, 16 in.) 281
miles; other branches not leased, 71 m.; total Dec, 1902, 1,250 mUes.
The Great Northern Ry. of Canada (see that Co.) and allliiated lines,
passed In April, 1903, under control of Great Northern Consolidated
Securities (.0., and with the Canadian Northern will be operated
virtually as one proi^erty, affording a througli line to Quebec and
Montreal.
V. 76, p. 704.
The Manitoba lines of the Northern Pacific Ry., 354 miles, are
sublet from the Provincial Government for 999 years from May
30, 1901, at .ti210,000 annually for first 10 years, then $225,000
for 10 years, then $275,000 for 10 years, and thereafter $300,000, with
the option of purchase at any time for .$7,000,000. A line from Sprague
to Duluth, to insure a winter rail route for wheat is to be construored.
Extension also projected to tbe Pacific Coast. V. 74, p. 477. The Manitoba Government has the option to purchase the entire property in
1929 and guarantees certain of the bonds. See below and V.'72,
p. 437; V. 73, p. 615.
33
INVESTOES' SUPPLEMENT.
RAILROADS.
Miles Date
of
of
For explanation of column headings, &o., see notes
on
first
page of
Road. Bonds Value.
tables.
Canadian Pacific— (Concluded)—
—
58
Lawrence <fe Ottawa Ist mort., gold, see text
Ontario & Quebec stock guaranteed In perpetuity
Ont. & Que. deben., interest ?uar. In perpetuity..
Toronto Grey & Bruce, Ist M., gold, int. as rental.
New Brunswick Ry.lstM.,gold,mt.from rental. c*
Perpetiial oonsol. debent. stock, int. guar
8t.
Calgary
& Edmonton
1876
deb. stock, Int. as rental.
• •
.
1883
1884
Amount
Rate per When Where Payable, and by
Outstanding Cent.
Payable
Whom.
«50&o
100
671
191
174
INTEREST OR DIVIDENDS.
Size, or
Par
&1
*100
*100
£1
'
£200,000
103
16
W
Me
34
LINGT
100
288
:
Cent.of Geor<iia Rtj —Ist M..$7,000,000,g.«.c'Ar 312
Consol. mortgage, $18,500,000, gold Itle....c*&r 1,390
Mob. Div. Ist M. (Columbus to Andalusia) g.G.c* 138
Macon & No.Div. 1st M., $840,000. gold, Ba.c* 102
77
Ocon. Div. 1st M., Brut, to Dover,$R,000p.m.S o*
:
m
*719,000
«630,000
*8S8.300
£1,121,700
bonds, unguaranteed, $2,000 per mile. See V. 75, p. 1353; V. 71, p. 235.
The Ontario Division 4>«8 (see description V. 72, ji. 338, 437,) were
In 1902 exchanged for an equal amount of 4s, guaranteed, principal
and interest, by the Government of Manitoba. V. 74, p. 882; V. 75,
p. 1393 V. 71, p. 235. Statement of earnings in V. 75, p. 1353, shows
an annual interest chhrge of $608,640, Indicatln;; a total bonded debt
in Dec, 1902, at 4%, of about $15,000,000. In March, 1903, tbe Province of Manitoba agreed to guarantee $10,000 bonds per mile on
about 300 luiles of branch Hne*- to be constructed. V. 76. p. 751.
As to Imperial Kolling stock 5s of 1902 see V. 75, p. 135a.
Eabnings.— For 4 mos. endise Oct 31, 1902, gross, $634,235; net,
$254,184; interest on (bonds, .+202,880; sur., $51,304. V. 75, p. 1353.
President, William Mackenzie; Sec and Treas., J. M. Smith, Toron'o,
Canada.— (V. 75, p. 1085, 1353, 1398; V. 76, p. 265, 541, 653, 704, 751)
;
Canadian PaclflcRy.— Road—Ovni
a trans-continental railway
Ocean, made up as follows July 1, 1902.
2,905 Under construction July 1,
1902
324
1,865
2,724 Operated acct. of owners
735
Also controlled but op. sep.
92
TIMlnn. St. P. & Sault Ste. M.1,412
lIDuluth South S. & Atlantic 565
Total In traffic returns
7,586
TISee each co's statement.
History, Etc.— incorporated Feb. 18, 1881, under charter from Do
minion of Canada, receiving $25,000,000 in cash as a subsidy, also
25,000,000 acres of land, all to be fit for settlement. The Ontario
& Quebec. Montreal to Toronto Junction, 334 miles, was leased in 1883
for 999 years, and its stock and bonds guaranteed. In 1902 leased for
999 years the Ottawa Northern & Western Ry.. extending from Ottawa
via the Interprovincial Bridge to Hull and Gracefield, Que., and from
Hull via Aylmer to Waltham, Que., a total of 151 miiea, and under construction from Gracefield to Maniwaki, 23 miles. V. 73, p. 1161; V. 74,
p. 93'/, 988; V. 75, p. 732. In Feb., 1903, the purchase of 14 steaaashlps for trans- Atlantic service was arranged. V. 76, p. 435, 479.
STOCK.-The company bought of the Dominion Government an annuity of 3 p. c. per annum on the common stock for the ten years 18841893, the last payment having been made in August, 1893. Tlie Issue
of preferred stock must never exceed one half the common stock. In
1902 the authorized common stock was Increased from $65,000,000 to
$35,000,000, $19,500,000 of the new stock being sold to the stockholders at par. V. 74, p. 267, 378, 829; V. 75, p. 553, 665. In April,
1903, permission was asked to issue 4 p. c. consoliiiated stock in place
from Montreal to the Pacific
Montreal to Vancouver
Branches and auxiliaries
Leased lines
Used Jointly
line securities in treasury.
Common p.
V. 76, p. 809.
) '90-'93. '94. '95. '96. '97. '98. '99. '00. '01. '02.
1903.
>5y'rly 5
2^2 2ia 4I3 4 5*3
5
5 Apr.,2'a
4 p. ct. yearly (2 A. «te O.)
Preferred p.c. ) Issued In 1894.
BONDS, Debenture Stock, Guaranteed Bonds, Etc— In May,
1888, the company relinquished its exclusive right to operate in Manitoba lines to the International Boundary, receiving the Dominion Government guarantee of interest on $15,000,000 of laiid bonds. These
bonds are a lien on 14,630,100 acres of land.
List ot securities held against consol. debenture stock In V. 75, p. 554.
In June, 1890, company a.greed to guarantee the principal ana interest of $20,000,000 4 per cents, to be issued by the Duluth South Shore
& Atlantic; also 4 per cent interest on consol. bonds of the Minneapolis
St. Paul & Sault Ste. Marie and in 1899 Interest on the 2nd mortgage
48 of the latter, and in 1901 interest on $1,25 1,000 Mineral Range 4
per cent bonds, the last-named being all owned June 30, 1902. See
0.
V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68, p. 669, 770; V. 73, p.
556. Owns Dul. S. 8. & At. consols. $15,107,000.
To the Atlantic <fi Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest money.
St. Lawrence <6 Ottawa bonds are endorsed with the Canadian Pacific's
acceptance of a 999 years' lease at a rental sutticlent to pay 4 per cent
Interest oa bonds, and the bondholders' agreement to accept interest
at 4 per cent (instead of 6 per cent as formerly) and to refrain from
demanding principal (due 1910) during continuance of lease.
The New Brunswick Railway consolidated debenture stock has
Interest guaranteed by C. P.; interest on the first mortgage bonds,
though not «uar. Is naid out of rental under 990 year lease of 1890.
The Calgary <£ Edmonton Rs- iehentxjiTe stock Is guaranteed InterBt at 4 per cent under new lease of 1903. V, 76, p, 435.
The Ottawa Northern & Western Ry. loan l8-<ued In 1902 under
the lease is for *20,000 per mile of road and *1.000,000 for the Interprovincial Bridge at Hull across the Ottawa River. V. 75, p. 793.
Lands.- Lands unsold June 30, 1902, were 13,726,288 acres of Canadian Pacific grant and 653,613 acres of Manitoba South Western
grant, 300,200 Great North West Central grant, 3,755,733 British Columbia Southern and 167,189 acres of Columljia and Kootenay grant
total. 18.603,093 acres. In addition there will be acquired through
the Columbia
Western Ry. about 2,500,000 acres. Total sales in
,
&
Stocks— JjBiAt
Dividend.
See text.
Dec, 1902,
3%
Irredeemable.
July 26, 2882
Aug.
1,
1934
Irredeemable.
See text.
750,000
500,000
5
5
g.
g.
J.
J.
,
<fe
katchewan 12,800 acres jer mUe. See V. 75, p. 183, 549.
Stock.—June 30, 1902, authorized $24,750,000; all paid up.
Bonds.— On Winnipeg and Saskatchewan divisions there have been
Issued first mortgage bonds, guaranteed principal and interest by the
Government of Manitoba, at $8,000 per mile; also second mortgage
branch
pal,When Due.
. . > •
Organization.— William Mackenzie of Toronto, Senator George A.
Dividends—
J.
J.
J.
Bomtt— Prlncl-
& D. Lincoln Tr.Co St Louis June 1, 1921
& J. July ,'02, notpd wh.due July 2, 2001
$425,000
5 g- A. & O. Phlla., Gu.T. & S. D.Co. Apr. 1, 1929
2,000,000
4 g- J. & J.
July 1, 1941
4 g. J. & D. N.Y. Grand Cent.Stat'n Dec. 1, 1981
1,100,000
300,000
5 g- J. & J.
do
do
Jtdy 1, 1931
135,000
4 g. J. & J.
Philadelphia, Pa.
July 1, 1928
See text.
5
M. & N. Philadelphia Co.'s olHce Nov.l9,'02,2is
1,000
4 g- A. & O.
1898
2,215,000
do
do
Apr. 1, 1948
1.000
50,000
1885
5
F. & A. C'8km,N. Y., Tan.NL Bk. Aug. 1, 1905
238,000
Divld'd pd. Sept. 10,'97. Aug. 1, 1915
1885 100 «feo.
6
30
589,110
9
J. & J. New York, 52 WaU St. Jan., '03, 413%
ON CE DAB RA PIDS & NOBT HWESTE RN.
2,-^00,000
1898
1,000
4g. J. & D. N. Y., Merc. Trust Co. June 1, 1948
1899
1,000
3,459,000
Do
do
Feb. 1, 1919
4 g. F. & A.
1902
1,000 N'neApr,'03
5 g. A. & O N. Y., Standard Tr. Co Apr. 1, 1932
1895
1,000
7,000,000
5 g- F.
A N.Y. GuarantyTrustCo. Nov. 1, 1945
1895
1,000
16,700,000
5 g- M. & N.
Nov. 1, 1945
do
1895
1,000
1,000,000
5 g. J. & J.
do
Jan. 1, 1946
1,000
1895
840,000
5 g- J. & J.
do
Jan. 1, 1946
1901
1,000
462,000
do
5 g. J. <t D
Dec. 1. 1951
Cox and the Canadian Bank of Commerce are floating the enterprise.
Land Grant.— On main line in Manitoba 6,400 acres and in Sas-
of
6
5
4
5
4
4
LXXVI.
,
C
1st consol. mort., $2,215,000, gold.PeP
Oatskill Moti7ilain—Flrat mortgage
Ist income bonds
Oayuga d Susq.— Stock, 9 p. o. rental D. L. &
Cedar Rapids Iowa Falls £ Northwestern— &ee BUR
Central Branch— Cent. Br. U. P. Ist M., g.Un...c*
Central Branch, 1st mort., guar., gold
Cc?i<./^/a.<ftrM//0.— lstM.,$2,0ii0,000,g.,textSc<fcr
15J.&D. Can. Pac. office, London.
& D. Montreal and London.
& D. London, Morton, Rose.
& J. Toronto and London.
F. & A.
London.
do
J. & J.
Semi-an.
London.
(6)
2,000,000
*4,007,381
1902
Ottawa >Jortliern& Western -See text
Minn. St. P. & 8. 8te. Marie— See statement of that c ompa ny.
Duluth So. Shore & Atlantic— See statement of that c ompa ny69 1901
1,000
Oane Belt— 1st mort., $750,000, red. aft. 5 yrs., g
1901
1,000
o*
Oape Breton By —\BtM., $2,400,000 g.S
Carolina Central— Bonis— See Seaboard Air Li NB RT
41 1899 500 &0.
Carolina Norlhem—lst mort., $500.000. GiiP.
1,000
300 1892
Varsoti <6 Colorado— iBt M., gold, sink, fd ]TIp.c*<fcr
1,000
46 1892
Carthage <£ Adir.— let M. $1,600,000 g. gu.,l) ii.c*<fcr
29 1891
1,000
Carthage Water.<6 Sack.Rar.—lstM. g.,gu.p.&i.end.
1898
1,000
Oatasa'uqiia £ Fogelsville— 1st mortgage, g.PeP.o*
50
98
_
Oa<atoissa—Pref. stocks, 5% gu. P. &R. Ry. See text.
.
[Vol.
1901-02, 1,362,852 acres, for $4.442,1 36. Total sales for 6 mos. ending
Dec; 31. 1902, as reported, were 1,424.000 acres for $4,808,000.
As to laid grant bonds of 1888, see V. 75, p. 793, 1353.
General Finances.- In 1902 stockholders subscribed to $19,500,000
new common stock at par, payable in in.stalments during 1902, the
proceeds to be used for equipmenr, and improvements, together with
$3,000,000 appropriated from the surplus earnings fund. V. 74, p. 378.
In 1901-02 jJt>.'>0,000 of consolidated debenture stock was sold and
proceeds applied to con'itruction of branch lines, and acquisition of
$1,254,000 Mineral Range Rfl. bonds on which interest is guaranteed
the Columbia & Western Ry. and British Columbia Southern,
Ry. V. 75. p. 553. Extensions proposed in 1902; see V. 75, p. 553.
earnings.- 8 mos..
J 1902 3 ..Gross, $2^.490.H54; net. $10,455,696
July 1 to Feb 28. S 1901-2... Gross, 24.868,380; net, 9,725,661
For 6 mos. ending Deo. 31, 1902
Net. $8.';96,183, against $8.vi30840 in 1901, charges and dlvluends, $5.596. 276; bal.,sur., $3,202,907
annual Report. Fiscal year now ends June 30. Annual meeting Is
held at Montreal on the first Wednesday in October. The report for
1901-2 in fuU was in V. 75, p. 546, 553. See also editorial p. 526.
>— Tears ending June 30,—. Calendar year.
1902.
1901.
1899
7,5'*8
MUes operated end of year
7,563
7,000
Passenger earnings
$9,359,522
$8,08^,370
$7,098,097
Freight
24,199,428
18,983,186
18,738,885
Mall, express and misceU
3,944,104
3,788,648
3,393,056
Total earnings
$37,503,y54 $30,855,204 $29,230,038
62*44
58-16
Per ct. of oper. exp. to eam'gs.
6075
Net earnings
$14,085,913 $12,109,376 $12,230,166
Interest received
958,827
933,425
1,150.198
$15,044,741 $13,042,801 $13,380,364
Fixed charges
$7,334,824
$7,305,835
$6,816,676
For steamships
150,000
150,000
155,000
Dividends on common stock. (5)3,250,000 (5)3,250,000 (5)3,250,000
Dividends on pref. stock
(4)1,222,.506
(4) 954,840
( 4)1,246,840
Balance, surplus
$3,063,077
$1,114,460
$2,203,848
(V. 75, p.546, 5 »3, 665, 732, 793, 1353; V. 76, p. 381, 435, 479, 809.)
Cane Belt RR.— Sealyto Bay City, Tex.. 69 miles, completed July,
1901. Extension from Bay City to Matagorda, 23^ miles, was completed Nov., 1902. Branch from Bonus to Garwood, 9 miles, was
about completed In Apr 1903. Lincoln Trust Co. of 8t. Louis is the
mortgage trustee. For 8 mos. ending Feb. 28, 1903, gross, $155,813;
net, $48,433. Year ending June 30, 1902, gross, $178,791; net, $55,768. President, Jonathan Lane, Houston, Tex.; Sec, I. P. Fell, Office,
Eagle Lake, Tex.— (V. 73, p. 444, 956.)
Cape Breton Ry.— In Apr., 1903, road nearly completed for 20
miles east of Port Hawkesbury on the way to Louisburg; total
line to be 86 miles.
Subsidy $9,600 per mile. Controlled by the
Dominion Securities Co. (see V. 73, p. 393; V. 74, p. 98 h), which owns
95 per cent of the stock. In Oct., 1902, a reorganizatioa committee. James G. Cannon, Chairman (Trust Co. of the Republic, depositary), requested deposits. V, 75, p. 732.
Stock, $1,000,000, all outstanding; par of shares, $100; mortgage for $2,400,000 authorized in
July, 1901. President, Mvron E. Evans, Office, No. 35 Nassau Street,
N. Y. City.-(V. 74, p. 775, 986, 1088; V. 75, p 28,732.)
Carolina Central
See Seaboard Air Line Ry. Co.
Carolina IVorthern RR.— Owns from Lumberton, N. C, to Marlon, S. C, 41 miles, completed Nov., 1901. In Dec, 1902, Augustus
Melller of Philadelphia and P. G. McNeely were appointed receivers.
V. 75, 1252. In Deo., Iy02, *8,417 receiver's certificate (6s) were
authorized. V. 76, p. 211. Stock, $500,000, all outstanding; par of
shares, $10. For year ending June 30. 1902: Gross, $26,924; net, $8,677. Pres. and Gen. Mgr.. Augustus Melller, 318 Bourse Bldg., Philadelphia, Pa.— (V. 73, p. 662; V, 75, p. 1252; V. 76, p. 211.
Carolina
Nortlivrestern Ry.— Owns standard-gauge road
Chester, S. C, to Lenoir, N. C, 110 miles. Reorganization Feb. 28,
1897, of Chester <& Lenoir, foreclosed. In March, 1900, nearly aU the
stock and a majority of the bonds had been acquired by a syndicate.
The stockholders voted April 24, 1900, to increase the stock to $1,000,000 common and $1,000,000 4 p. c non-cum pref to issue a
new general mortgage at $14,u00 per mile (including $2,000 for equipment in 1903 and 1904) to standard-gauge the road and extend the
same to a connection in East Tennessee. Of the $1,320 000 issuable
on 110 miles now operated, $140,000 were to retire old bonds, mostly
retired, « for $. V. 70, p. 840, 893. Year 1901-1902 (110 miles), gross,
$167,773; net, $67,920; charges, $26,641 bal., sur., $41,279. Prest.,
Wm. A. Barber. 35 Nassau St., N.Y.-(V. 70, p. 893. 1095; V. 76, p. 541.)
Cartton Ac Colorado By.— (3-foot gauge.)— From Mound House,
Nevada, to Keeler, Cal., 294 miles; branch, 6 miles. In 1900
substantially all the stock and all the bonds were acquired by the
Southern Pacific and the road will be broad-gauged and extended
northerly to a connection with tbe Central Pacific and southerly to
Mojave on the Southern Pacific, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For year 1901-02 gross, $347,872.
Carthage
Adirondack Ry.— f *"ee Map N. T. Oentral.)—Owna
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
$500,000, is owned by the New York Central RR., wlilch In April,
1893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 were for extensions, etc. (V. 57, p. 218.)
Cartilage l¥atertoAvn Sc SacKett's tiarbor Rtt.,—(See Map
If.Y. Oen<rai.;—Owns from Carthage to 8aokett'8Harbor,N.Y., 29 miles.
:
—
—
,
RR.—
&
;
;
&
April,
\m^.
RAILKOAB STOCKS AKD BONDS,
93
INYESTORS' SUPPLEMENT.
34
RAELROAD8.
MUes Date
column headings,
on first page of tables.
J^or explanation of
&o., see notes
Par
of
of
Size, or
Road. Bonds Value.
O^caranteed, etc., securities.
c
Ocean 88. Co. 1st mortgage, gold, guar. Ce
Augusta & Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt)..
Chattahoochee & Gulf, stock
1st M., g., $2,000,000, int. rental, s.f.,red.l02ia
Central Massachusetts -See Boston & Maine RR.
Central New Enpland— Common stock
Preferred stock, 4 per cent
Ist M., $1,250,000, caU at 105 after 1904. FP.c*
1890
Rate
Outstanding
Cent.
68
$413,000
168,000
4I9
418,000
1,000,000
1,022,900
5,191,100
273,400
288,000
100
100
100
1900
5 g.
1,000
100
100
J.
J.
J.
J.
—
5g.
J.
&
&
&
Ai
&
J.
RR.—
Catawlssa RR.—Owns from Tamanend, Pa., to Newberry Jo., Pa.,
98 miles, and branches, 5 mUes. Re-leased Deo. 1, 1896, for 999 years
to Philadelphia & Reading iZaihyay. Rental, interest on the bonds, 5
p. 0. dividends on the prefeiTcd stock, aU taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 969, 1116. Of the preferred
stocks in 1901 $2,200,000 was tirst preferred and $1,000,000 second
preferred and common was $1,159,500; oar $50.— (V.72, p. 1187.)
Catskill Itlonntain Railway.— Owns narrow-gauge road from
Catskill, up the Catskill Mountain, to Palenville, N. Y., 16 miles leases
Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles.
Stock, $89,000. There are also second incomes for $15,600 6 p. 0.
First incomes have one vote for each $100. Earnings.— Year ending
;
June 30, iy02,
Caynga
&
gross, $48,409; net, $13,634; interest, etc., $11,848.
Su^iqnelianna
RR.— Owns
from Susquehanna River
and renew-
t J Ithaca, N. Y., 34 miles. Leased during length of charter
als thereof to the Delaware Lackawanna <fe Western at
a rental of
Corporate existence for 50 years from Jan. 1, 1900.
Central Rrancit Ry.—Owns Lenora to Atchison, Kan., 293
mUes; Jamestown to Burr Oak, Kan., 33 m.; branches, 62 m.; total.
388 miles. A consolidation in July, 1899, of the Central Branch
Union Pacific Ry., Atch. Colorado & Pac. and Atch. JeweU Co. & West
The $3,4.^9,000 1st 48 of 1899 are guaranStock, $7,585,000.
teed, prin. and int., by the Mo. Pac. (see V. 68. p. 329). Form of guar
V.
anty
70, p. 279. For calendar year 1902, gross, $1,091,792; net.
$271,548; other receipts, $7,464; interest, $238,360; taxes, $90,443:
miscellaneous, $515; bal., def., $50,305.— (V. 70, p. 75, 279, 1148; V.
$54,600 a year.
73, p. 31.)
Central Florida
& Oulf Coast Ry.—Underoonstructiori in Oct.,
1902, from Plant City, Fla., southwesterly to Braidentown and Sarasota, Fla., about 70 miles, of which 14 miles to be completed
early in 1903; projected to Boca Grande, on Gasparilla Island,
65 miles; total to be 135 miles. Stock authorized, $15,000 per
mile; par of shares, $100. Bonds are issuable ao the same rate. President, Thos. H. Mo. Donnell, Qainoy, Mass.; Sec. and Treas., Oscar O.
Owen, Tremont Bldg., Boston; Gen. Mgr., J. H. Dawe.— (V. 75, p. 28.)
Central of Georgia Railway.— C-Sce Jfap).— System includes:
Lines oioned in fee.
Miles.
Lines leasedr—ieee these cos. ) Miles
Savannah to Atlanta
295 Southwestern RR.—
Gordon to Porterdalo
86
Macon to Euf aula
144
Columbus to Birm'gham,Ala. 156
Fort Valley to Perry
12
Columbus to Americus
62
Fort Valley to Columbus. .
71
Montgomery to Euf aula, Ala.
80
SmithvUle to Columbia
85
Colmnbus to Greenville, Ga.
50
Cuthbert to Fort Gaines ...
21
Opelikato Roanoke
Euf aula to Ozark
36 Augusta & Savannah RR.—
60
MiUen to Augusta
53
Griflln,Ga.,toChat.,Tenn, etc 198 Chattah. & Gulf RR.—
Chickamauga to Durham
17
Columbia to SeUersvUle
68
Savannah to Tybee
18
Columbus to Andalusia
138
Macon Junction to Athens... 102
Total oper. July 1, 1902. ..1.845
Bruton to Dover
77 Also Meldrlm to Lyons, 58 miles,
Barnes ville to Thomaston
16
(leased to Seaboard Air Line Ry.)
Ocean Steamship Company,
owned
(and
Total
oper'd).. 1,391
estimated equivalent of
300
Okganization— Organized Oct. 17, 1895, and Nov. 1 succeeded to the
properties of the Central Railroad & Banking Co. of Georgia, sold in
foreclosure and reorganized per plan in V. 60, p. 1008 and V. 61, p. 68.
The Chattanooga Rome & Southern RR. was merged June 1. 1901
I
|
V. 72, p. 674, 721, 987, 1134.
Stock.— $5,000,000 held by Interests allied with Southern Ry.
BOKDS.—The first jnort^age of 1895 (described in V. 63, p. 1160) le
Sk first lien on the ittaiti line from Atlanta to Savannah, including the
Mllledgeville branch (312 milen in all), all equipment and appurten
ances and the equity in $1,995,000 of the capital stock of Ocean
Steamship Co. of Savannah. Trustee, Guaranty Trust Co. of New York.
No div. was paid on Ocean Steamship stock In 1901-2. V. 75, p. 439.
Application for listing firsts and consols, in V. 63. p. 1160.
The consolidated mortgage (see abstract In V. 61, p. 873, also see
V. 63, p. 1160) is a first lien upon 580 miles [Including former
Mont. & Eufaula RR., Sav. & Western and Sav. & Atl.]; also on
the leases of the South Western and Augusta & Savannah roads and
the stock of New England & Savannah Steamship Co., and a second
lien upon the main line, its equipment, etc., and also on the Macon
& Northern and MobUe <fe Girard. It also covers all leaseholds, secorltles.etc. It may be Increased to $18,500,000, at not more than $500,-
in any one year, for betterments and equipment.
MoAion tt Northern Division bonds are also direct Obligations of the
Central Ry., with first lien from Macon Jet. to Athens, Ga., 102 miles.
000
1947
1926
1951
1947
July
Nov. 1, 1945
Nov. 1, 1945
Nov. 1, 1945
May 1, 1937
To Mar., 1908
To Sept., 1910
Jan.
Tr. Co.
June
June
do
N. Y., Union Trust Co.
N. Y., Gu. T. Co. or Sav.
1,
1,
1,
1.
J. N.Y., Guaranty Tr. Co. July 1, 1920
Savannah, Ga.
J.
Jan.,'03, 2ia%
J. Savannah and Macon. Jan., '03,
J.
Savannah, Ga.
Jan 1, '03. 2ifl
J. Sav., Ga., Citizens' Bk. July 1, 1930
2^%
eldln tr ust for ten years, or un til 4 per cent
d on gen eral mortgage for two years.
F. & A. Fid. I.T.& 8.D.C0., Phil. Feb. 1, 1919
;
Controlled by N. Y. Central, which owns $483,800 of the stock and
guarantees the bonds. Leased to R. VV. & O. for 3713 p. c. of gross
earnings. Rental in 1901-02, $44,448; 1900-01, $39,825; in 1899-00,
$43,958. Capital stock $465,845 common and $21,500 preferred.
Catasauqiia &. Fogelsvllle
Roadfrom Catasauqua, Pa.,to
Kittenhouse Gap, Pa.,29-5 mUes. Opened in 1857; in 1890 the Phila
delphia & Reading acquired control through ownership of a maijority of
the capital stock of $426,900 (par, $25.) Of the stock $254,125 is owned
by Reading Co., $251,625 being deposited as part security for Read,
gen. mort. of 1897. For year ending June 30, 1902. gross, $111,982;
net, $63,736; total deductions, $9,960; dividends, $25,614; balance,
surplus, $33,162.
Guaranty
do
D.
58 1899
1,000
1,000
Oct. 1.
r
58 1899
Gen'lmort.. 5 p. c. incomes, $8,500,000.
M.,g.,
gu.
12
1890
(see text). Me.o*
1,000
J. & D
Dutchess Co. RR., 1st
Baltimore
Ohio.
&
Central Ohio See
67,275,500 Held by South'
Central Faciflc—Common stock, $67,275,500
100
12.600,000 Held by South'n
Preferred stock, 4 p. c, cum., $20,000,000
F. & A.
Istref. M., $100,000,000, g.,gu.,p.&i.en.Ce.o*<fer 1,349 1899 500 &o. a 60,017,000
New 312S, $25,000,000, g., gu., p.A; i. end.U8.o*&r 1,349 1899 500 &o. 18,069,500 3^ g J. <fe D
3
1899
Notes for U. S. debt.due $2,940,635 half-yearly.
35,287,630
Old Securities not Exchanged.
Cal. & O. 1st mortgage, series A, gold (ext.)
515.000
296 1868
1,000
5 g. J. & J.
'86-'89
124,0)0 5e.&6g A. & O
Mortgage gold bonds, land grant, sinking fund..
1,000
a Balance. .¥35.287,000 retained as collateral for n otes b'v TJ. 8. Government Co hel d $3,88
FP
N. Y.,
D.
Various.
5
5
3,450,000 ) To be h
3,150,000 ) is pai
650,000
5 g.
7,250,000
.5 g.
413
350,000
(6) g.
&
&
&
&
Dividend.
Oct. 1
do
when earned
Oct. 1
N. Y., when earned.
Oct. 1
M. & N. N. Y.. Guaranty Tr. Co.
J.
J.
J.
J.
i«-
Whom.
Payable
5 cur J.
1,840,000
343,000
5 g.
4,000,000 S In 1902
7,000,000 Up to 5g
4,000,000 Up to 5g.
4,880.000
5g.
178,768
1,000
53
333
Bonds—PnnclINTEREST OR DIVIDENDS.
pal.WhenDne.
per When Where Payable, and by Stocks— hSktt
Amount
Central of Oeorffia Sy. — {Ooncluded)—
Mid. Qa. & At. Div. Ist M.,$9,000 p. m.,our Go* Text. 1897 $1,000
21 1896
500
Eatont. Br. let M. not euar. by Cen. Ga., g
155 1901
1,000
Chatt. Div. purch. money M. $2,400,000, g S.C*
1,000
138 1897
Chatt. Rome & 80. Ist M. $500,000, gold. Co*
1895
1,000
Ist pref., incomes ) Interest up to 5 p. c, Mp...
1895
1,000
« e...
gold, if earned,
do
2d do
>
1895
1,000
Via..
non-cumulative.
do
)
3d do
1887
1,000
Cent. RR.& Bk. coll.tr. b'ds, g., red. at llO.Ce.c"
1900-1
Equipment trust notes June 30. 1902
1902
1,000
Locomotive & car trusts, payable $31,000 s.-an.c
LXXVI.
[Vol.
Yearly,
Fid.
LT.&
Pacifio
Pacific
N. Y.,
earned.
Feb.
8.D.C0., PhlL
June
1.
1,
1949
1940
Aug.
Aug.
1,
1,
1949
1929
if
Company.
Company.
120 Broadway,
do
do
Aug '03-Fb.'09
N. y.. 120
do
Broadway
1, 1918
1936-1939
Jan.
do
1.270 additional return ed by Gov't.
Hiddle Georgia di Atlantic Division bonds are issued at $9,000 per
which $8,000 was for purchase of road and $1,000 retained
by Cent, of Ga. for betterments; subject to the Eatonton Branch
bonds, $168,000 on 21 miles, the firsts of 1897 cover the 65 miles of
M. Ga. & At. Division.— (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
The preference income bonds, subject to the prior mortgages, cover
the main line and the former Savannah <fe Western, Columbus & Rome,
Montgomery & Eufaula, Mobile & Girard, Macon & Northern and
Savannah <fe Atlantic RRs., and their equipment, etc.; also all
leaseholds, securities and equities of properties acquired by the new
company. They are non-cumulative and bear interest not exceeding 5
per cent in any one fiscal year, but payable only out of net earnings
as declared and secured by the deed of trust.
Dividends—
)
1896. 1897. 1898. 1899. 1900. 1901. 1902.
2^4
On let pref. incomes. 5 II3
2
2
314
5
3
Collateral trust mortgage abstract was In V. 45, p. 242.
The Chattanooga Division mortgage is a first lien on the former Chattanooga Rome & Southern RR., Carrollton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chickamauga, Ga 17 miles, with
branches, in all 155 miles, subject to $343,000 old 5s, for which a like
amount of bonds is reserved; $217,000 being also reserved for additional equipment and improvements. V. 72, p. 1134.
Latest Earns., 8 mos. ; 1902-3... Gross, $6,301,785; net, $1,671,266
July 1 to Feb. 28.
..Gross, 5,474,531; net. 1.688,400
5 1901-2
Annual Report.- Reportfor 1901-02 in V. 75, p. 439.
Tears end. June 30—
1902.
1901.
1900.
Gross earnings
$7.7.50,691
$6,920,715
$6,086,263
Total operating expenses
5,531,039
4,778,148
3,997,748
Taxes
269.471
213,411
208.657
Net earnings from operation. .$1,950,181
$1,929,156
$1,879,858
From steamships, etc
201,674
187,359
231.463
Total
$2,151,855
$2,116,515
$2,111,321
deductions from income for tear 1901-2.
Interest on funded debt$l,663,900 Total deduct's from ino.$2,028,915
Rentals, etc
365,015 Net income
122,940
mile, of
,
I
1
Officers.—J. F. Hanson, Chairman Board of Directors. Macon, Ga
President, John M. Egan, Savannah, Ga.— (V. 75. p. 439, 848, 1146.)
;
Central lUassacliusetts RR.—See Boston & Maine RR.
Centra Nctv England Ry.— Owns from Campbell HaU,
ing the Hudson River at Poughkeepsie by its own bridge,
crossto 811-
vernails, 58 miles and leases and controls Hartford & Conn. Western
RR., Hartford to Rhinecliff, 109 miles; extension from Tariffville,
Conn., to Springfield, Mass., 18 miles, operated from Sep., 1902; total,
185 miles; also Dutchess Co. RR.. from Poughkeepsie to Hopewell
June, 12 mUes; trackage, i mile. V. 72, p. 1279; V. 73, p. 337; V. 76,
;
p.
435.
Organization.—Incorporated in January, 1899, per plan In V. 66
p. 574, and V. 67, p. 789, as successor of PhU. Read. & New Eng. RR.
sold in foreclosure Oct. 6. 1898.— V 68, p. 84. In January, 1899, persons friendly to Boston & Albany acquired a large interest. V. 68, p.
41, 84. Owns $1,390,000 Hartford & Conn. Western stock.
Stock.—The stock is to be held in trust for ten years, or until 4 p. 0.
Interest is paid on general mort. for two years.
Bonds.— Of the first OS, $650,000 were issuable at once for assessments, line to Springfield, etc,, and $600,00') will be reserved for improvements. Interest on Dutchess Co. RR. firsts reduced to 413 p. 0.
Earnings.— 6 months ending Deo. 31:
6 m.os. — Gross
Net.
Oth. income. Ghnrges.
Ohnrges.
Balance
1902
$296,776
$46,786
$4,058
$77,146 def. $26,301
1901
314,177
80,051
sur. 6,892
3,586
77,746
For years ending June 30 earnings were as follows:
Year md. June 30—
Gross.
Net.
Charges.
Balance.
1901-02
$593,965
$157,715
$152,689
$5,026
1900-01
711.759
176,656
155,718
20,938
Officers.— C. W. Chapin of New York, President; J. K. O. Sherwood,
of N. Y.. Treas, and O. A. Heller, of PhUa., Seo'y.— (V. 76, p, 47, 435.)
Central Ol»io RR.—See B. & O. RR. Co.; also V. 70, p, 75.
Central Ontario Ry.—V. 74, p. 1354. V. 75, p. 665.
Central Paciflc Ry.— ("See Map of Southern Pacific.}
Lilies owned—
Miles.
San Francisco,
Ogden, Utah
Cal., to
near
871
146
Branches to San Jose, etc
Trackage—
Into Ogden, eto
Miles.
35
Lathrop, Cal., to Goshen, Cal.
11
Roseville Junction, Cal., to
Oregon State Line
296) Total
1.359
organization.— Incorporated In Utah in July, 1899, as successor of
the railroad under the plan of readjustmentin V. 68, p. 378, by which
the Southern Pacific acquired the entire capital stock and guaranteed the principal and interest of the two new Central Paciflc bond
Issues shown above. The old indebtedness. Including the U S. loan,
excepting about $636,000 bonds, has been discharged.
Stock— (1) Common stock, $67,275,500, all held by 80. P,'>.o. Oo.
(2) Preferred stock, 'k per cent cumulative, authorized issue $20,000,000, to be delivered to Southern Pacifio Co. in consideration of issue
of equal amount of Southern Pacifio Co. 4 per cent collateral
)
•
RAILROAD STOCKS AJ^D BONDS.
April 1903]
35
Subscribers will confer a great favor by giving Immediate notice oT any error discovered In tbese Tables.
RAILROADS.
for
explanation of column headings, &o., see notes
on
first
page
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
of tables.
SR. of N. tT.—Stock ($30,000,000 author)..
Convert, debentures, convert, into stock till 1907
Cent.RR.ofN.J., Qen.M.for$50,000,000,g.Ce,o&r
Eqnlpm't M., Ser. A., $170,000 due yearly June 1
do
do Ser. B, $250,000 due yearly May 1.
Uent.
AIL
M
I
Leh.& WUkesb.Coal con.M., gu.,p.4l..ext. In 1900
guar, (not drawn) FP.o
Am.Dock& Imp.Co.l8tM.,gu., redeem, at 110... 0'
L. Br. gen. M., g. ($192,000 5s)
Ce
N. Y.
&
Leh. & Hud. Riv., gen. M., g., guar. Jointly.Ce.o*
J. City bonds, guar, (part yearly Deo. 1) see text
Oent.Rn. of Petuisylvania—lBt M., $1,200,000.FP
Central of So^ith Carolina— 1st mortgage, gold...c
Jentral Vermont— Stoci, $3,000,000
Ist M., $12,000,000 gold, traffic guar. A
o & r.
& Province Line Ry.,
$100 $27,415,800 8 In 1902 Q .— F. N.Y.Off.,143 LlbertySt. May 1,'03, 2%
1883
1.000
& N. N. Y., Liberty Nat. Bk. May 1, 1908
50,000
6
1887 500 Ac. 45,091,000
N. Y., Uberty Nat. Bk.| July 1, 1987
H
1899
1,000
do
do
Y'rly to 1909
1,190,000
I'- J. & D.
M. & N.
May 1, '04-12
1902
1,000
2,2.50,000
4
Various
do
Various dates
179,100
do
5
:
—
Montreal
B
38
42
ML
& l..o 40-6
Ist M., gu. p.
Oharl. Clend.di Sut.—lst M. g.,$30,000 p. m.AV.P.o*
'Chariest n <£ Savannah^See Atl. Coast L. RR.
64
dk Oolumbia— 1st M., $70,000, g.
Oar.— 1st M.,g. ($8,000 p.m.). Ce..o*<fcr
Income M., g., non-cum., ($7,000 per mile) G. .0*
Augusta Ry. Terminal Ist M.,g., gu.,p,& i. end.Ce.
Ihartotte Oolumbia <« AMf/M«<a— See Southern Ry.
22
340
OharlotU Monroe
7Aari.c6Tre«<.
1875
1,000 12.175,000
1888 1,000
2,691,000
1881
1,000
4,987,000
1891
1,000
1,745,000
1890
1.000 a 1,062,000
1898
122,385
1893 500 &c.
600,000
1881
1,000
300,000
100
3,000,000
1899 lOOO&O. 11,000,000
1900 100 &0.
200,000
1894
1,000
2,000,000
1902
1896
1896
1897
1,000
1,000
1,000
1,000
1901
1,000
A
On coupon bonds J&J; on
registered bonds
23
"39
10
1887
1900
1,000
1,000
of Indiana.— Munoie
to Brazil, Ind., 137 miles, of
Creek, 12 miles, is trackage. Suc-
ehlch Brown's Valley to Sand
essor in Mar, 1903, to the Chicago & Southeastern Ry., foreclosed
i'eb. 19, 1903.
V. 76. p. 653.
Controlled by the Cleveland Cinilnnati
Chicago
& St.
luthorized. $ 20.000:
1
Louis and Pennsylvania RR. Interests.
new bonds. (J).
Stock
President, Joseph Robinson.— (V. 76, p. 653.)
Central
of Ne^v Jersey.— (^5e« Map Phila. <t Reading By.))perat€s from Jersey City, opposite New York City, westerly to
wilkesbarre ant* Scranton, Pa., and the neighboring anthracite coal
also southerly to the seashore resortsof New Jersey, etc.:
lelds
Lines owned in fee.
Miles. Lehigh
Susquehanna, Phllfersey City to PhiUlnsburg
72
lipsburgto Union Juncleto. 1. 171
Sundry branches
82 WUkesbarre & Scranton H
5
Entire stock owned.
Lehigh & Lackawanna
36
Tew York & Long Branch RR.,
Other Unes
9
Perth Amboy to Bay Head.. 38 AllentownTerm. (oper. Jointly)
3
few Jersey South'n RR., Long
Trackage—
Branch to Atsion, etc
76 Union Coal
10
)ther lines (no debt)
141 Lehigh & New England
2
Leased (mostly for 999 yrs.) Miles. Tresckow Branch
6
RR.
:
&
RR
)gden Mine RR. 51
Tesquehonlng VaUey
IT
10
17
i
1
Total operated Jan.
1,
1902.. 677
See this company. See Lehigh Coal <fe Nav. in "Misc. Companies."
^ere are 261 miles of second and 30 miles of four tracks. With the
Jalt.
Ohio and the Phila. & Reading operates the "Blue Line," using
he B. & O. tracks from Washington to Philadelphia, the Reading to
iound Brook and the Central N. J. to Jersey City.
History.—Chartered in 1849. From May, 1883, to Jan. 1, 1887,
eased to Philadelphia & Reading. Receivers were in possession from
fan. 1, 1887, tiU January, 1888.
Reorganized in 1887 without fore
ilosure— see plan V. 44, p. 714. 716. Concerning coal properties, see
L«hlgh h WUkesbarre In Supp. of Jan., 1903 (p. 159), and Lehigh Coal
k Nav. in "Miscellaneous."
In Jan., 1901, control passed to the
leading Ry., which acquired $14,500,000 of the stock. V. 72, p
1
Tl
<fe
16,136,241,391,721.
)iv.— {'91.
J.
g.
I'-
M.
J.
J.
!
—M.
&
&
&
&
&
&
&
do
do
do
do
N.
J.
8.
N. Y.,
J.
do
do
do
do
Nat. Exoh. Bank.
I
June
1,
1,
1,
Sept. 1,
July 1,
Deo. 1,
1,
July 1,
Nov.
July
1910
191S
1921
1941
1920
1903
1943
1921
D.
N. Phil ,Fld.I.Tr.& S.D.Co. May
6
J.
Co.
eg.
J. N. Y., Cuyler, M.
.$2,185,1 00 held by Grand Trunk Ry. of Canada.
.—
F.
Am.
L.
T.
Bos.,
& Co. May 1, 1920
4g. Q
do
do
Oct. 1, 1950
4 g. aT & O.
5g. A. & O. PhU. WstEnd T. &S. D. Co Oct. 1, 1944
M.
&
|
i
A.
I'6g.
5
'92 to '94. '95. '96. '97. '98. '99. '00. '01. .02.
1903.
P. c. i 6ifl 7 yearly.
5ifl
414 4
5
4
5
5
8 IncLMay,4
Bonds.— For gev^rai mart, abstract see V. 45, p. 402. Jersey City
londe (V.68. p. 128) will be taken up by C. RR. of N. J.
The L. & W. Coal mortgage Is for $15,000,000; the bonds, formerly
'^B., of which $12,175,000 have been Issued, were in 1900 extended
at
li« p. o. and guaranteed, prtn. and Int.
See guaranty, V. 71, p. 26.
&
O. R'd T.& S.D.Co., R'd,Va.(
O. N. Y., Chase Nat. Bank.j
If earned.
July
N. Y. Cent. Tr. Co.
O.
A.
5g. A.
a Guaranteed Jointly with Le
Q.—J.
—
RR.
4&5
Q
m:
5
5
&
i
&
645,300 7 in 1902 A.
3ifl g.
625,000
A.
75,000
200.000
F.
6
100
rust gold bonds; of which delivered on completion of readjustuent, $12,000,000; reserved to be delivered only to provide addi
ional funds, if required, for the payment of 3 per cent notes to the
Jnited States, and thereafter only for betterments and additions,
>3, 000,000; reserved to be delivered for Improvements and additions
It not exceeding $200,000 yearly, $5,000,000.
Bonds—Firs* refunding M. gold 48, $100,000,000, secured by all
he railroads, terminals and equipment now owned, including about
.,349 miles of first track, etc., by deposit as collateral security of over
>5 per cent of the old mortgage bonds.
Of the authorized issue
535,287,000 is held by the United States as collateral for 3 per cent
lotes. See Abstract, V. 69, p. 808, and V. 70, p. 739.
Thirty-year gold 3^28, $25,000,000, secured by a second Uen
ipon all the properties covered by the 1st ref mortgage, and also by
teposit with the Trustees as acquired of all securities and moneys held
n any sinking fund of the Central Pacific RR., consisting July 1, 1902,
»f $9,332,000 In securities and
$1,169 cash, and by a trust deed
ipon all the lands covered by the mortgage dated Oct. 1, 1870.
Jee Mortgage Abstract, V. 69, p. 858; also see p. 851. From the proleeds of these sinking funds and land sales cancellation of bonds wUl
)e made from time to time; in February, 1900, $2,505,000 S^^s were
anoeled, and to Apr., 1903, $3,706,000 additional had been canceled
•educing those outstandingto $18,069,500. V. 70, p. 739; V. 70, p. 1194.
Twenty ihree-per-cent notes, aggregating $58,812,714, Issued to
he Government in settlement of subsidy debt; $23,525,084 paid, leavng $35,287,630 to mature, $2,940,635 halt-yearly thereafter to Feb.,
.909. First refunding 48 are deposited to retire them when due.
Land Gr.\nt.—Total land grant was about 12,000.000 acres, of which
kbout 6,745.388 acres remained unsold on June 30, 1902. Sales In
901-2, 111.041 acres; cancellations, 16,821 acres. Land contracts
uly 1, 1902— principal, $1,051,920; average price per acre, $5 07.
General Finances. Cancellation of the 3^8 of 1899 is being
iffected from time to time from the proceeds of the slnkine funds and
,leo from land sales, $2,505,000 of the bonds being thus retired early
111900. V. 70, p. 279,739.
Earnings.- 7 mos. ) 1902-3 ...Gross, $12,847,305; net, $5,379,874
July 1 to Jan. 31.
^ 1901-2.. ..Gross.
12.402,154; net, 4,791,670
For 6 mos. ending Deo. 31, 1902, net, f 5,204,965; fixed charges,
itc, $2,301,619; bal, sur., $2,903,346.
Report— In 1901-02, gross, $20,191,111; net, $7,632,435; other
ncome, $1,000,970; Int., taxes, sinking funds, etc., $4,916,715; baL,
lur.. $3,715,720.
In 1900-01, gross. $19,328,289; net, $7,655,083.—
V.74,p.883; V.75,p.239; V. 76, p. 809.)
Central
70,000
2,720,000
2,380,000
600,000
50
0*
Ist mortgage, $625,000, gold.
Jhateangay -RiS.— Stock
JhateaugayR'y— Ist M., gu. p.&i.(8ee V.73,p.l263)
y/iattahoochee Talley-lstM.., $110,000
B.
4ifl
|
7 AarJi«rs—Stock
IT
x,.^. _„_
1
Eeal estate bond and mortgages
Quaranteed Bonds
58 of 1912,sink.fd.not
Bonds—PrlnolINTEREST OR DIVIDENDS.
pal,When Due.
When Where Payable, and by Stocks—Last
Outstanding ^^^jjP®' Payable
Whom.
Dividend,
Amount
J.
I
1,1932
1, 1946
1, 1946
Apr. 1. 1947
Oct.
Oct.
Oct.
&
&
O. Co.'s offlce,Plttsb*g.Pa.|Apr. 1, '03, 4%
Oct. 1, 1931
do
do
O.
&
A.
&
I
J.
Aug. 1. 1907
Plattsburg, N. Y.
Amer.L.&T.Cc.Boston. July 15,1920
high Co al
,
&
Navigation Co.
Jointly and severally with the Coal & Nav. Co guarantees $1,062,000
Leh. & Hud. River Ry. Gen. 5s, prin. and int. See V. 67, p. 788.
Earnings.- 8 mos.. ^ 1902-3... .Gross, $10,944,001; net, $3,569,666
July 1 to Feb. 28. i 1901.2... .Gross, 11,216,671; net, 4,441,851
ANNUAL REPORT. —Fiscal year changed to end June 30. Annual
meeting was held on May 9, 1902, and will be hereafter on the Friday
following the third Monday in September. Of the 16,256,821 total
tonnage In 1900, 6,252,628 consisted of anthracite coal and 10,004,193
of general freight, agaiuat 5,736,912 anthracite and only 5,784,510
general freight in 189=>. The report for 1901 was In V. 74, p. 573, 581.
See also editorial, p. 551.
1900.
1899.
rear ending Dec. 31.
1901.
$4,519,483
Merchandise
$4,744,039
$5,073,417
6,283,653
6,208,793
Coal
7,230,817
2,526,159
Passengers
2,602,746
2,569,085
271,729
284,272
Express and maU
293,877
109,546
85.853
94.597
Miscellaneous
Total gross earnings
$15,286,710 $13,97o,b46 $13,645,710
Net earnings
$6,097,300
$6,220,305
$7,461,463
1,164,293
1,757,702
Other Income
1.903,125
*7,85>,002
Total net income
$7,384,598
$9,364,588
$2,760,252
Interest on debt
$2,743,408
Rentalspaid
,2.123,607
2,354,747
Taxes
Renewal
f
I
—
402,949
640,000
nds, etc
351,781
.......
5U,355.615
Dividends
(5 %)1..570.516
$1,263,748
Balance, surplus
«1, 652,968
-(Directors, May, 1901, V. 72, p. 987; V. 74. p. 5 8 1 679, 726, 980, 1353.
Central RR. of Pennsylvania.-Owns Bellefonte (Penn. RB.)
to MIU Hall, Pa. (on Beech Creek RR.) 27 miles branch, 5 miles
operates Nittany Val. RR., 7 nules. Current liabilities June 30, 1902,
$514,674. For year 1901-2, gross, $82,919; net, $29,672; charges,
$52,964; deficit, $23,293. Stock, $1,200,000; par, $50.
Central RR. of South Carolina.- Owns from Lane, 8. C, to
Sumter, S. C, 42 miles. Leased to the Atlantic Coast Line RR.; rental
$31,0(X) yearly. Stock, $170,000, par $50. In year 1897-98, gross,
$95,286; net over taxes, $36,019.— (V. 64, p. 887.)
Central By. of Newr Brans (vlclc.-See page 172.
Central Vermont Ry.— Operates from Rouse's Point, at north end
of Lake Champlain, to New London, Conn., with branches 531 miles in
all of which 218 miles leased, viz.: New London & Northern (see that
MontvUle Br., 3; Montreal <fe Province Line Ry., 40.
CO.), 157
Organization.—Succeeded May 1, 1899, per amended plan in V. 67,
p. 735. the Central Vermont Railroad, foreclosed. V. 68, p. 1076.
Securities, Etc.— The Grand Trunk Ry. holds $2,185,100 of
the $3,000,000 stock, and under a traffic contract wUl make good any
deficiency in earnings to meet interest on the new firsts up to 30 p. o.
of Grand Trunk gross receipts from traffic interchanged. Montreal A
Province Line Ry. bonds, see above.—V. 71, p. 390, 697.
Report.— For year ending June 30, 1902, in V. 75, p. 1198, showed
(
,
;
m
;
Gross.
Charges.
Bal., sur.
Net.
0th. inc.
$10,560
$667,762
$3,099
.$3,406,432
$650,301
669.893
2,803
3,274,155
662,297
10,400
Oncers.-President, Charles M. Hays; Clerk and Treasurer. W. H.
Chaflfee, St. Albans, Vt.— (V. 73, p. 956, 1861; V. 75, p. 848, 1198.)
Owns road, CharlesCharleston Clendennln
Sntton
ton, W. Va., to Big Otter. 64 miles. The same interests are constructing the Coal & Cobe Ry. west and south from Elklns, W. Va.. to
a connection with the Charl. Clend. <fe Sutton near Sutton, making a
through line to Charleston. They also own the Roaring Creek & BelIngton and Roaring Creek & Charleston railroads. In March, 1903,
extension from Otter to a point 25 miles up the Elk Valley was let.
V. 76, p. 479. In Deo., 1902, Senator Henry G. Davis purchased the
entire stock and bonds and contemplated extending the line to Sutton,
35 miles. V. 75, p. 1398. Capital stock authorized, $3,000,000; par,
$100; outstanding Jan. 1, 1903, .$2,367,300; par of shares, $100.
First mortgage Is for $3,000,000. Year ending Jime 30, 1902, gross,
$179,540: net, $125,848; total deductions. $120,006: balance, surplus,
$5,242. President, H. G. Davis. Elklns, W. Va.: Seo'y, C. M. Hendley,
Washington, D.
(V. 75, p. 1398; V. 76, p. 479.)
Year.
1901-2.
1900-1
..
&
RR.—
C—
Charleston & Savannah Ry.— See Atlantic Coast Line RR.
Charleston Oc Western Carolina Ry.— Port Royal, 8. C, to
Augusta, Ga., 112 m., and Spartanb'g. Greenville and Anderson, 228m.
History.—A reorganization and consolidation Oct. 3, 1896, of the
Port Royal & Augusta and Port Royal & Western Carolina, purchased
at foreclosure sale by Thomas & Ryan, who sold the entire capital stock
and large portion of its issue of income bonds to Atiantlo Coast Line
December, 1897. V. 66, p. 38, 335.
Stock.-$1,200,000; par, $100. A full statement as to Augusta By.
Terminal Co. and its bonds was in V. 66, p. 383.
\
EARNiNos.-For year ending June 30, 1902. gross, $963,760; net,
In
$252,521; other Income, $4,181; taxes, $43,200: charges. $192,730;
surplus. $20,773. President, J. B. Cleveland, Spartanburg, 8. O.;
James F. Post, WUmington, N. C— V. 73, p. 1207.)
Charlotte Illonroe <k Columbia RR.— McBee, 8. C... on Seaboard Air Line to Hamburg, 11 miles; extension to Jefferson, 11 miles.
Secretary.
(
9&
mVESTORS' SUPPLEMENT.
[Vol.
LXXVI.
Apkil,
EAILKOAD STOCKS AKD BONDS.
19C3.
RAILROADS.
Miles
Date
Size, or
ot
of
Par
For explajiatlon of oolunm headings, &o. see notes
on
first
page
Road. Bonds Value.
of tables.
'Chattanooga Southern— Stod ($750,000 Is prel.)...
Chesapeake Beach— l%t M., $1,000,000, gold.«-o.o*
Chesapeake <& O/tio— 8tk.(tran8f ragt.J.P.M.&Co.)
Mortgage 68, gold, ser. "A & B" See text..Ce.c*
Ist mort.,of 1911, Penin. Ext., gold. See text.o"
Ter") Ist m.,1922, covering 8 m., to Phoebus. g.o*
Istconsol. mort. for .$30,000,000, gold ..Ce.o'&r
Rlch.&Al] Dlv. lstcon.M.,g. See text... Ceo"
2d cons. M.,Rich. via. Lynchb. to Clifton F.Ce
Cradg Valley branch Ist mortgage, gold
Ce.o*
Warm
Amount
[Outstanding
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and bv
Whom.
Payable
Cent.
$100
$3,000,000
1,000,000
100 60,541,100
1878
1,000
2,013,354
1881
1,000
2,000,000
1882 500 &o.
142,000
1889
1,000 25,858,000
1890
1,000
6,000,000
1890
1,000
1,000,000
1890
1,000
650.000
1891
1,000
400,000
1892
1.000 34,833,000
500 &c.
200,000
1,000
b555,000
1.669,117
1900
I.OOO.OOO
1902
1.000
2,000,000
ItiOJ
1,000
950,000
1898
34
5
(
42 8
75
8
664
252
252
26
25
Springs Branch Ist mortgage, gold.. Ce.o*
General mort. (for $70,000,000, etc.) gold..Ce c* 1,174
Klneon Coal mort., assume!, rel. beg. Oct., 1905
Greenb.&NewRlv.RR. 1st M., g., ass. (V.75,p.562)
18
Car trusts, pa\able monthly on 5,700 cars
Car trusts on 25 loco, and 1,000 cars. pay. ann'ly
Car trusts, ser. B, g., $201,000 due y'rly..«P c*
Car trusts, 8er..C, g., $50,000, due semi-annually.
1,000
5
1 la
O. & O. 88. let M. deb. red. at par, gu., p. & 1
Lo.&Jefl.Bdg.l8tM.,$5,000.000,gu.p.&l.,end.ir.*c
Norf. Term'l & Trans. Ist M., $500,000, gu. p.&l.
Greenbrier Ry. Ist mort., $3,000,000, g ...Col c*
Passenger & Belt Ry. (Lex Kv.), 1st mort., gold
Big Sandy Ry. Ist M.. $4,000,000, gold.
,
Chesapeake Tre«<er?i—Stock (.$808,4 00 is pref.)
O. & W. Istmortgage, gold ($25,000 pernule) Co.
Clies. West, new mortgage, $1,435,000, gold., c*
IT
b
1888
1888
1893
1895
1898
1900
96
ilOO
a£70,000
1,000
1,000
1,000
113,000,000
1902
27
41
1896
1901
100
500 &c.
1,000
J.
&
J.
J.
I'g-
M.
4
g-
5
5
g-
J.
J.
J.
g-
M.
41a g. M.
5 g. A.
5 g. F.
F.
4g. P.
4g. M.
&
dc
&
J. &
M. &
F. &
M. &
A.
Oct.
500,000
2,000.000
150,000
2,000,000
1,419,600
666.000
1,419,000
July
1,
1923
1908
1911
1922
June
1939
May
1989
Jan.
1989
Jan.
1940
July
1941
Moh.
1992
Moh.
1915
Cen.Tr.&8.Dep.,Clii.,0. Oct.
1942
Aug.
Richmond.
To May, 1907
&
&
&
&
&
&
A
&
&
When Due.
Blocks— Jjost
Dividend.
pal,
Morgan & Co NoT.26,'02,1%
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
&,
&
Bo? ids— Princi-
OfBce.Washington, D.C
N. Y.,J. P.
IT
830.000
450,500
1,000
1,000
"i
g.
1902
A.
Guaranteed Bonds.
Elevator Co. l8tM.,gold,p. &1. guar
Ce.o"
2d mortgage, for $500,000, Income, non-oum.o*
HI
A.
A. Qlrard Trust Co., Phila.
1,
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Aug '03-'ll
Aug 15,'03-'12
,
Sep ,03-Sep,12
S.
do
do
O.
Oct.
Oct.
1.
J.
8.
July
Jan.
London.
N.Y.,J.P.
Morgan & Co. Mch.
Feb.
A.
N.
New York.
Nov.
Jan.
1,
1,
1,
1,
1,
1,
1.
1938
1988
1909
1946
1948
1940
1903
1942
5
g.
P.
4g. A.
&
&
A.
Aug.
Contin. Trust. N. Y.
O.
New York.
Oct.
1,
1,
1946
1951
Guaranteed Jointly and severally with Clev. Cln. C hlc. & St. L.
a £10,000 called ve arly at par.
Includes $216,000 In the treasury June 30. 19 02.
user. "A" are A. & O "B" $13,354), M. & N.
:
1
to be completed May, 1903. Stock, $48,000. In 1902 filed above mortSafe Deposit Co., as trustee. V. 75,
f age to the Richmond Trust
For year ending Jan. 31,1903 (11 mUes), gross, $18,859:
p. 1030
net, $12,984. President, Ernest Williams —(V. 75, p. 1030.)
&
Ctaartlers Ry.—Ownsfrom Carnegie, Pa., to Washington, Pa., 23 m.,
Leased till 1971 to the Pittsburg Cincinnati & St. Louis (now Pittsburg Cincinnati Chicago & St. Louis); the rental Is net earnings.
Capital stock, $645,300 (par $50); Pennsylvania Co. owns $333,850.
Dividends—
'90.
'91. '92. '93. '94. '95. '96. '97. '98. '99-'02.
8
10 10 8
9
10 10 7 y'rly.
1903.
Apr.,4
Earnings.- For year ending Dec. 31, 1902, gross, $634,255; net
$190,601 other income, «il,166; Int. and other charges $24,314; improvements, $44,044; dividends. $45,171. In 1901, gross, $190,027;
since '89
(p.o.)
)
5
513 713
;
net,
$136.727.— (V. 73.
Cliateaasay
p. 615.)
RR.—Owns from Dannemora
to Lyon Mt., 18 miles,
and leases the Chateaugay Railway, Lyon Mt. to Saranac Lake, 39
miles, and the Plattsburg & Dannemora RR. (so-called), Plattsburg
to Dannemora, 16 m.; total of these lines, extending from Plattsburg,
N. Y., on the Del. & Hudson, to Saranac Late, 73 miles, of which Lyon
Mt. to Plattsburg, 34 lies. Is standard-gauge, the balance narrow,
to be converted In 1903. V. 76, p, 101. The PL & Dan. is leased from
the State of N. Y. for one doUar and the free transportation of freight
to the tJtate's Prison at Dannemora. The Chateaugay Railway is leased
for nterest on Its bonds, which are guaranteed principal and Interest
by e Delaware & Hudson Co. (See V. 73, p. 1263.) Built In interest
Chateaugay Ore & Iron Co., and to carry summer travel to the
Adtrondacks. In January, 1897, the Saranac & Lake Placid, 10 miles,
was leased for 17 years Jointly with the Chateaugay Ore <fe Iron Co.
The Delaware & Hudson operates the entire system (83 miles) under
an arrangement (probably temporary) since Jan. 1, 1903. Stock,
ij
1
$75,000 (par $100.)
For 3 mos. ending Sept. 30, 1902, gross. $88,634; net $19,618,
against $20,569 in 1901; charges, $7,440; bal., sur., $12,178.
Report.— In year ending June 30, 1902, gross, $256,764; net,
*38,017 rentals and taxes, $31,691 balance, surplus for year.
$6,126. In 1900-01, gross, $264,139; net, $22,702.— (V. 76, p. 47, 101.)
;
;
Cbatliam &. Lebanon Valley RR.— See Rutland RR.
Cbattaboocbee & Gulf RR.— Completed in 1900 from Columbia. Ala., to SellersvUle.
about 68 miles.
V. 71. p. 806.
Lease.—Leased in perpetuity to Cent, of Georgia Ry. for 6 per cent on
$273,400 stock and $300,000 bonds, of which 1 p. c. to be used as a
sinking fund for retirement of bonds, upon completion of whiob rental
will be 5 p. 0. on utock, payable J.- J.; additional stock and bonds will
be issued at about 4.500 each per mile for extension from Sellersville
to Floralia, 24 miles. V. 75. p. 848, 1146. See Central of Ga.
70, p. 1194; V. 72, p. 820; V. p. 75, 848. 1146, 1301.)
Cliattaboocliee Valley
16^
RR.— West
Point.
Ga
Ry.—(V.
to Jester, Ala.,
,
Stock authorized, $1,000,000; outstanding, ($110,000; par
of shares, $100. Bonds, see table above. For year ending Nov. 1,
1902. gross. $34,602; net, $13,974; Interest on bonds, $6,o00; dividends (5 p. c), $5,500; bal., sur., $8,974.
miles.
RR.—
Chattanoois:a Sontliern
Owns road, completed in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 miles trackage to Chattanooga, 5 miles
sidings and
spurs. 10 miles; total of all track, 105 mUes. Successor to Chattanooga Southern Ry., sold in foreclosure Feb. 14, 1895 plan in V. 61,
p. 830, but in July, 1902, the new securities had not been issued.
The new Ists were to be $5,000 per mUe on present mileage and 1>10,000 on extensions; and the Income mort. 5s, $750,000. V. 63, p. 401.
Earnings.— 8 mos., ) 1902-3
Gross, $80,153;
net., $6,.'^36
July 1 to Feb 2S. J 1901-2
Gross, 61,363; op. def, 24,182
Year ending June 30, 1902, gross, $98,185; def. under oper. exp.,
$21,603. In 1900-01, gross, $92,843; def. under oper., $38,512.— (V.
Sec, E. C. Osborn, 3 1 Nassau St., N. Y.
63, p. 823.)
Oliesapeake Reach Railway.- Washington. D. C, to Chesapeake Beach, Md., 34 miles; to be opened May 1, 1903. Stock. $1,000,000, aU outstanding; par. $100. President, Syl. T. Smith; Sec, A. H.
Lewis; Treas., Fred. W. Moflfat. Office, 1420 New York Ave.. Wash..
D. C. (V. 69, p. 228; V. 75, p. 980.)
Cheetapeake
Ohio Ry,—(See jifap.;— Operates from Newport
News Va., and Washington, D. C, to Cincinnati, Ohio, with branches.
Lines atoned in fee—
Miles.
Lines leased—
Miles.
Old Point Comfort and NewGreenbrier Ry.
port News via CharlottesDurbin toWhi tcomb.W.Va
96
ville to Asliland, Ky
512 Sundry branches leased
27
Richmond via Lynchburg to
Operated under contract
21
Clifton Forge, Va
232 Trac^-rtf/e to Louisville
84
Branches in Va. and
Va.. 181 Trackage to Washington,
Lines controlled by slock, etc.
D C
85
Maysville & Big Sandy RR.
Other trackage
21
Ashland, Ky., to Covington, 143
Bridge— Covington, Ky., to
Total system June 30. 1902 1,636
Cincinnati, Ohio
2 Of which narrow gauge
19
Lexington A Big Sandy Ry.. 185 second track
149
;
;
;
&
W
Other Ines controlled
—
47
Also owns one-sixth Interest in the Richmond- Washington Co.
1
The branch from Whitcomb up the Greenbrier River to its forks, 96
miles, to a connection with the West Va. Cent & Pitts., was opened to
Cass, 81 miles, on June 1, 1901, the balancebetng completed May, 1902.
Extension from Whltehouse. Ky..to the Breaks of the Big Sandy in
Virginia, about 80 mllps, under charter ot Big Sandy Ry., was under
construction Apr.. 1903; oth^r extensions under construction June
30, 1902, aggregating about 93 miles; see V. 75, p. 563.
History, &c.—The former Chesapeake & Ohio was sold in foreclosure April 2, 1878, and this company organized. In 1888, under
the direction of Drexel, Morgan <fe Co., reorganized without foreclosure,
and the road extended to Cincinnati. The consolidation with the Richmond & Alleghany was consummated in January, 1890. The Elizabethtown Lexlnj^n & BIk Sandv and other roads were absorbed In 1892.
Capital stock.— Common stock is $60,529,500; increased from
ii45,000,0O0 to this figure since 1892 through exchange of practically
all the $25.0(X»,000 of preferred stocks for common stock and general
mortgage 4ia per cents In certain proportions. First preferred for
^10,800 and second preferred for $800 only was outstanding Nov.
30, 1902. See terms of exchange in V. 54, p. 642. Stock may be reduced
by majority vote of stockholders if deemed desirable. V. 7n n 175.
dividends.— Oct.. 1899, 1 p. c; Nov., 1900. 1; Nov., 1901. 1; Nov.,
1902, 1.
Bonds.-Abstract of consol. mortgage of 1939 In V. 49, p. 147: of
Richmond & Allegheny mortgages in V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and H. T. Wlckham
trustees) is for $70,000,000, but additional amounts at $25,000 per mUe
may be issued for double-tracking. Of the .$70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 consols of 1889, Issued or to be issued, etc The balance unissued may be
sold for new acquisitions, rolling stock, etc, but not more than
$2,000,000 thereof in any one year. The mortgage covers the entire
property of the company, real and personal, at the time the
deed was made, and aU additional property and mileage
acquired with the proceeds of the bonds. See full abstract of mortgage
in V. 54. p. (644; also V^. 54. p. 642; V. 55, p. 335. In Feb.. 1903,
$34,833,000 had been Usted on New York Stock Exchange, $1,000,000
having been sold for con.struction and improvements. V. 76, p. 381.
The Louisville <6 Jeffersoncille Brulge bonds, of which $3,00iJ,000
are outstanding, iire guaranteed Jointly and severally by the Chesapeake & Ohio andCleveland Cincinnati Chicago <fe St. Louis; any deficit
the proportion of oneon account of the bridge is payable by them
third and two-thirds respectively— see V. 60, p. 130; V. 61, p. 327,
559; V. 62, p. 84 and separate statement for L. & J. Bridge Co.
Of the Greenbrier Ry. 4s of 1900, guaranteed principal and interest,
$1,000,000 are reserved for extensions and improvements. See guaranty, V. 72. p. 626; see also V. 71, p. 554, 602.
The car trusts, series B, cover equipment costing $2,343,120, including 25 locomotives. l.OJO steel gondolas. 3oo wooden box oars. 400
wooden gondolas, etc; series C, 1.000 gondolas. V. 75, p. 239, 393.
Operations, Finances, <ftc. —Since the reorganization in 1»88, when
the control ot the company was placed for five years in the hands of
trustees, the property has been greatly enlarged and Improved.
In Jan., 1900, Pennsylvania interests purchased a large block of
stock, and with the Morgan- Vanderbilt interests now own a majority
of the stock. V. 70, p. 75, 632; V. 7:^, p. 480,
m
On June 30. 1902, the N. Y. Cent & Hud. Rlv. and Clev. Cin. Ohio. <k
LouiH owned stock representing outlays respectively of $1,638,455
and *2.453,569. V. 71. p. 398, 5 5. On Jan, 1, 1903. the Pennsylvania RR. proper owned $10,130,000 and the Northern Central $1,
500,000 of the stock.
The C. & O. 88. Co line was formally opened Sept. 7. 1893. and owns
St.
pix steamers, using the railroad wharves at Newport News. The Coastwise 88. Co.. whose $636, SOO bonds were purchased In 1899-0, owns 3
ocean tugs and 15 barges and leases 3 steamers. V. 71, p. 554.
Earnings.- 8 mos., ) 1902-3 .Gross, $10,481,290; net, $3,513,202
July 1 to Feb. 28. S 1901-2.. Gross, 11,044,744; net. 4,187.789
For 5 mos. ending Nov. 30, 1902, gross, $6,144,637, against $7,226,429 in 1901; net earnings, $1,806,467; fixed charges, les< net income
from other sources, $1,528,327; balance, surplus, .$278, 40.
1
Annual meeting la
held at Richmond on the Tuesday preceding the last Tuesday In
October. Report for 1901 02 was given in fuU in V. 75, p. 547, 581,
and showed the following. See also editorial p. 527.
Trai^c- Of the total tonnage (10.904.165) m the year 1901-02, coal
and coke furnished 5,972,667 tons, or 54 per cent of the whole;
products of agriculture furnished 8 per cent. The average rate received on seaboard coal was only 3-07 mills per ton per mile on
freight, 4 02 mills. Average train-load, 259 tons in 1892, 509 in 1901-2
1900.
1901.
1902
Year ending June ZO—
Annual Report.— Fiscal year ends June
30.
;
^
.
1,636
$2,954,919
12,833,806
Freight
735,653
Express, mall and mlsceL
1.561
$2,826,813
11,842,213
702.516
^A*^^.^r,»
$2,681,076
10,095,144
625.850
$16,524,378
Total earnings
Oper. expenses and taxes 10,822.335
$15,371,542
9.967,180
$13,402,070
9.087,639
$5,702,043
Neteamings
136.431
Otherincome
Total and net Income. $5,838,474
$5,404,362
149,925
$4,314,432
148.371
$5,554,287
$4,462,803
Miles operated
Passenger earnings
98
mVESTOKS' SUPPLEMENT.
fVoL.
LXXVI.
Apbil,
eaileoad stocks and bonds.
1903. J
KAlL,KOAD8.
Miles
For explanation of eolunm headings,
<feo.,
see notes
on flrst page of tables.
Size, or
of
Par
INTEREST OR DIVIDENDS.
4
57
57
57
All
>
>
>
.
322
162
<fe Chic, 7 p.o. 8tocK,perpet.,g:nar. by C.&A.
Louisiana & Mo. guaranteed preferred stock
162
37
101
Chicago Burlington <X: C>«ir»cj/— 8took,7p.o.rental
Con. M. cov'ng Ch. Term. (now Ist lien) seetext.C
826
Jollet
,
1873
1878
1877
>
>•
«
>•
....
. >
£200
114,379,850
111,663,000
11384,000
1,000
1,000
%'
100
1,750,000
100
1,500,000
100
329,000
100 110,823,000
1901.
$3,552,390
1,304,172
1600.
$3,306,221
348,696
Extraordinary expenses
1,440,814
*
*
Dividend No. 3
(1%) 605,291
Balance, surplus
$697,725
$807,886
$14,313
* From accumiilated surplus div. of 1 p. o each ($60.^,287) was paid
Oct., 1899, and Nov., 1900. Balance to credit of income account
June 30, 1902, $1,062,325.
Officers.— President, George W. Stevens, Richmond, Va.; VicePresident, Dfcatur Axtell, Richmond, Va
Treasurer, C. E Potts.
Richmond, Va Secretary. C. E. Wellford, Richmond, Va.; Comptroller, L. F. Sollivan, Richmond, Va.
Directors
Decatur Axtell, John P. Green; S. M. Prevost, Georee W. SterenB
Chauncey M. Depew, William H. Newman, Samuel Rea, H. McK. Twombiy
H. T. Wlckham.
-(V. 75, p. 441, 497, 547, 561, 611; V. 76, p. 265, 381.)
Cliesapeake ^Vestern By.—Owns North River Gap, Va., to
Bridgewater, 14 miles; opened May 1, 1902; leases for 99 years Chesapeake
Western RR., Bridgewater to Elkton, 27 miles; total, 4
miles. Projected to tidewater on Chesapeake Bay, and westerly into
the West Virginia coal fields, of which 14 miles from Bridgewater to
;
;
—
&
North River
Co.
Gap
is
completed. Controlled by Chesapeake Western
;
Cliegtnat Hill itK.—Owns from Germantown xo chestnut Mill
Pa., 4 miles; being double-tracked May, 1902. Re-leased in 1896 to
Phila.
Reading Ry., the rental being reduced from 12 per cent to 6
p«r cent on stock, the latter being increased in June, 1902, from
$120,650 to $195,650 —(V 74, p. 936, 986; V. 75, p. 76.)
Oblcase &. Alton "Ry.—ISee JUapf—RokD Chicago to St. Louis.
Kansas City, etc., in all 920 miles, of which about 110 doable tracked
Soad Oiened—
Miles.
Leased Line*.
Miles.
Springfield, lU., to Grove, HI.. 58 Roodhouse, 111., to Kansas
Leasea Linen
City,
251
Chicago to East St. Louis, 111. 280 Bloomlngton to Wann, via
&
—
—
—
Mo
Goal City Line, Ind
25
D wight. 111., to Washington
andLacoD,Ill
80
JaoksonvUle Godfrey &
Upper Alton (aU in 111.). ...159
Trackage to Peoria, HI., etc.... 17
Mexico, Mo., to Cedar City, Mo 50
Total of all owned, leased and operated in system
920
OROANI2ATION— This railway company was organized in April, 1900,
and purchased substantially all the stock of the Chicago & Alton
Railroad Company, viz., $18,322,400 of the $18,751,100 common and
3,472,200 of the $3,479,500 preferred stock, all of which has been
Seposlted as security under the first lien mortgage of 1900; also the
line of the 8t. Louis Peoria & Northern between Springfield and Grove,
58 miles
The railroad, whose separate existence is maintained for
legal reasons, has been leased for 99 years from April, 1900. the rental
being the net earnings, after payment by the lessee of all Interest on
bonds taxes and other charges, etc. See V. 70, p. 686, 995.
Stock.—Authorized, $20,000,000 each of common and 4 per cent
non-cum. preferred; Issued in amounts as shown In table above, the
onlssned stock being reserved to exchange for the outstanding stock
of the railroad company not now owned.
DrvxD ENDS.— Dividends on preferred paid Jan. 1901 to Jan. 1903,
both inclusive, 4 per cent yearly (paid J. & J.).
Bonds.—The first lien 3ifls of 1900 are secured by practically the entire capital stock of the C. <te A. Jiailroad. as shown above, and by a
direct first lieu on Springfleld to Grove, 57 miles. V. 70, p. 894, 944.
See application to list in full in V. 71, p. 1021.
The railroad mortgage securing the 3 per cents of 1899 will
refund bonds marked "IT" in table maturing during next fotir years
and also provide fund for Improvements and extensions. Bonds in
excess of $40,000,( 00 may be Issued thereunder on vote of twothirds of the stockholders for extensions of not over 500 miles,
main track, at not exceeding $20,000 per mUe, to fund leased line renttal obligations and for future betterments not to exceed .$.5,000,000 at
notover $1,000,000 per annum from J an. 1, 1900. Stockholders in
1899-00 purchased $31,988,000 of the new 3 p. o. bonds at the rate
of $650 cash for each $l,eOO face value; V. 70. p. 739. See official
Oironlar In v. 69, p. 178: also p. 26. 129, 541; V. 70. p. 429. 995.
to Dec, 1902, made a joint equipment trust for $475,000 with Mobile
« Ohio RR. covering 500 freight cars. V. 76, p. 47.
General Finances.-The new management has made large expenditnres for the development of the property, having purchased 4,000
new freight cars and 77 heavy locomotivee, and undertaken important
*^® reconstruction of bridges, etc. V. 70, p. 686, 894, 944. 995.
'"SS.
The money to pay all the existing 6 and 7 percent bonds having
wen deposited with the United States Trust Co., together with the
mterest thereon to the maturity of the several loans, the annual in
^''^i..°^*'"K® "^ ^^® C & A. RR. Co. is virtually 3 per cent on the $31,988,000 new bonds, viz., $959,640. V. 71, p. 1012.
.
^
N. Y., 120 Broadway,
O.
do
do
do
do
do
do
do
do
N. Y., Boston and Chlo.
N Y. Bk.of Com. & Bost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
.-F.
F."'& A.
Q.-J.
J.
3ifl
J.
5
A.
A.
4
4
4
M.
F.
M.
M.
5
4
5
5
F.
M.
&
&
&
&
&
&
&
&
&
&
Lond'n,J.8.Morgan&Co. July
J.
J.
O.
O.
S.
A.
N,
N.
A.
S.
$2,790,4 00, are
,
in sinking
May
Oct.
1,
1,
1.
1903
1903
1912
May l'03,lifl%
Apr., '03,
1%%
Feb. 1, '03, 31a
W
Apr. 1, '03,
July 1, 1903
July 1, 1949
Oct. 1,
Oct. 1,
Sept. 1,
Feb. 1,
May
May
1,
1,
Feb. 1,
Sept. 1,
1919
1919
1921
1922
1913
1927
1905
1903
fund nncano eled and
are
Latest Earn's— 8 mos.,) 1902-3. ...Gross, $6,809,415; net,$2,202,155
July 1 to Feb. 28.
$ 1901-2.... Gross,
6,375,184; net, 2,118,057
Annttal Report.— Fiscal year now ends June 30. Report for year
1901-02wa8 in V. 75,
p.
^Ottl.
902.
year^
MUes
Gross earnings
Oper. expenses
Tear ending June 30.
.
1899.
1900.
843
855
$7,155,962
4,163,577
$7,796,449
4,541,118
1901.
920
«
1902.
920
$9,036,655
5,595,668
$9,225,739
6,023,919
Net earnings.. $2,992,385 $3,255,331 $3,440,987
Bividends (7 p. o.) on Chicago & Alton RB.
Slock owned.
xl,525,622
Miscellaneous income
5,759
$3,201,820
xl,525,622
2,517
Total Income
$4,972,368
Rentals to C.
A. RS
x$3,341,901
Taxes on oomp'y's line not covered by lease..
11,560
Interest 3ifl per cent bonds
770,000
$4,729,959
x3,134,618
All charges.
4 per cent preferred dividend
$4,123,461
781,760
$3,904,618
781,760
$67,147
$43,582
&
V. 75, p. 1353.
Stock authorized, $50,000,000; outstanding, see table, Ches. West.
RR. has $533,500 com. and $29,200 pref. stock outst'ng. In Oct., 1901,
made a mortgage to the Bowling Green Trust Co. of New York to secure
fl,435,O0O bonds. V. 73, p. 899, 1356. Year ending June 30, 1902
(29 average miles), gross, $37, 126. In 1900-1 (27 miles), gross, $31,159; net after deducting taxes, $677; no interest paid, bonds being
held by construction company. President, De Witt Smith
Treas.
and Gen. Mgr., W. H. Hall; Sec, J. O. Ward. Office, 141 Broadway,
N. Y,-(V. 73, p. 899, 1356; V. 74, p. 986 )
J.
N.
7
,
e,
A.
7
7
7
. .
b, $495,000, and
c, $4,375,000 canceled not Inolud ed. d. $1,482, 000, and
here included.
U Cash deposited to retire these at ma turlty. -V. 69, p. 178.
&
&
&
J.
^«- M.
1873
1,000
21,699,000
Illinois Div. mortgage, $85,000,000, cur. NB... 1,642
1899 1000,&o 37,096,000
Sink, fund, Iowa Div., Ss, (col. tr.) drawn at 105.
b2,505.000
901 <1879 1,000
Sink, fund mortgage 48, drawn at 100
c<fer
U879 1,000 c8,2'.22,000
Sink, fund 4s (So. W. Div.) drawn at 100
o*&r
.•
1881
1,000 d4,300,000
Denv. exten. (coU. tr.) b'ds, s.f. dr'n at 100. NB.o* 415 1881 100 &0. 67,968,000
Debentures for Han. & St. Joseph stock
1883
o*
1,000
9,000,000
Nebr'ska ext. $20,000 p. m. (s. I., notdr'n) N Bc*&r 1,472 1887 l,000&c 25,900,000
Chicago & Iowa Div., collat trust.
NB.C 121 1895 1,000 2,320,000
Convertible debentures (See remarks)
o*
.... 1890-2 100 &0.
319,800
1P02.
Dividend.
&
1900 l,000&o
1899 l,000<5;c
1,000
Gen. M., Jol. to E. 8t. Louis & br., sterling. TTs c*
8.f.bonds(K.C.8t.L.&C.l8tM.col.),to be pd. May 1
ftllss. Rlv. Br.,lstM.,g.,a88'd, 8.f.,dr'natlOO.o*
Kansas City St. L. <fe C. pref. stock, guaranteed..
>8(ocfc«— Last
Mar. 4,'03,li«
Phila., Treas.of.
$195,650
6
Q .—M.
19,542,800
19,544,000 4 In 1902 .1.'
J. N, Y., 120 Broadway, Jan. 2, '03, 2%
3i2g. J. & J.
do
Jan. 1, 1950
do
22,000,000
do
Oct. 1, 1949
A. & O.
do
31,988,000
To June 15 '12
I''
380,000
$50
100
100
Secttbittes, Etc.
Interest on bonds, Ac... $3,778,066
pal,When Due.
Amount
Bate per When Where Payable, and by
Payable
Whom.
Road. Bonds Value. Outstandlig Cent.
of
Chestnut mil jCK.— Stock, rental P. & R. Ry
Chic. & Alton Ry.—Com. stock, $20,C00,000
Pref. stock. 4 per cent,non-cnm., $20,000,000...
First Hen M..$22,000,000,g,sub.call at par.F.o&r
Oh. & Alton RR. refund's M., g. See text.IC.o'<fcr
Joint equip, notes ($19,000 due seml-an.)
Undeblting
Date
29
Surplus
770,000
X Pnder Its lease of the
Railroad, the Railway iCompany operates the line and
as rental paid in 1901-02 interest, taxes and rental?; also balance of net earnings, 11.589,643. From tliis last was paid 7 per cent ($l,5t53,rt44) by the Railroad
on its stock. This stoclc Is nearly all owned by the Railway company, which
therefore treats the dividends received thereon ($1,525,622) as "other Income,"
as here shown.
Officers.— Chairman of Exec Com.,E. H. Harriman; President, 8. M.
Feiton; Vice-Pres., John N. Faithorn; Treas., F. V. S. CrosbyiSeoretary,
Alex. Millar, 120 Broadway, N. Y.
Directors— George J. Gould, M. L. Schiff, James Stlllman, E. H. Harriman,
New York; C. H. Chappell, S. M. Feiton, James P. Forgan, John J. Mitchell,
N. B. Ream.F. S. Winston, Chlcaeo; D. R. Francis, St. Lanls.
(V. 74, p. 326; V. 75, p. 289, 793, 902; V.76, p. 47, 330, 864.)
—
Chicago Bnrllngton
& Qnlncy RB.—r*'C€Jfap.>— Road.— Ope-
rates a great system of roads extendlig from Chicago westerly, reachSt. Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
Omaha, Neb., Denver, Col., Cheyenne, Wyo., Black Hills, 3. D., andBilUngs, Mont. The accompanying map shows clearly the system, viz.:
ing
Lines east of Missouri Riv. Miles.
(standard gauge)
3,805
Controlled (narrow gauge) . 229
Owned
.
Miles.
West of Missouri River.
Securlt's all owned, leased in
perpet'ty(B.<feM.R.ln Neb.). 3,929
Kans. C
Omaha (controlled) 203
Leased and operated Jointly. 187
&
Total operated in system June 30, 1902
8,353
In Mar 1903, the Iowa & St. Louis RR., CentrevtUe, la., to Macon *
Mo., 100 miles, and projected to extend to St. Louis and to Sioux City,
la., a total of 510 miles, was acquired; V.76, p. 653.
Extension from
Sioux City, la., to Ashland, Neb., 100 miles, was reported to be pro,
posed.
ORGANIZATION, &c. Thls was a consolidation in July, 1375, of the
Chicago Burlington & Qulnoy in Illinois and the Burlington A Missouri
River
Iowa. Chicago Burlington & Northern and other subsidiary
lines in Illinois were absorbed in May, 1899. V. 68, p. 975. In
1900 purchased the remaining leased lines in Iowa and Missouri, viz.:
Kans. C. St. Jos. & Co. Bluffs, St. L. K. & N. W., Chlo. Burl. & K. O.,
Han. &. St. Jos., Keokuk & West, and Chlo. Ft. Mad. <fe Des Moines,
Burl. & Missouri River, etc. V. 71, p. 697,863,963; V. 73, p. 137, 899.
In July, 1901, $107,577,500 of the $111,200,000 stock had been exchanged for the joint 20-year 4 p. o. bonds of the Qt. Northern and
Northern Pao. secured by the deposit of the stock in trust, on the basis
of $200 in bonds for $100 stock. See circular, V. 72, p. 871, and application to list. V. 73, p.294. and description of bonds under Great Nor.
In Feb., 1902, purchased Kansas City Peoria <b Chicago Ry., West
Qulncy to Pattonsburg, Mo.. 196 miles, and in June, 1902, practically
all the bonds and stock of the Jacksonville & St. Louis Ry., Jacksonville, to Centralia, 111 , 112 mUes. V. 74, p. 426, 1307; V. 75, p. 793.
In July, 1902, extension from Billings, Mont., northwest to Great
Falls, on the Great Northern, was proposed.
In Deo 1902. the Ch. B. & Q. RR h,id aoautred over 55 per cent of
the $1,750,000 Quinoy RR. Bridge stock at $200 per share in III. division 3 1-28, fractional parts of abend to be paid in cash V.75.p.l030.
For legal reasons the road la leased to the Oaic Burl. <b Quinoy Railway (which see below) for 999 years from October, 1901, at 7 per
cent per annum on stock. V. 73, p. 842, 1011, 1061, 1207, 1312.
Capital Stock.—The stock has been Increased for the acquisition
of new lines, retirement of over $15,000,000 convertible debentures,
eto.;lnl880a20p.o.di8trlbutionwasmade. See "Organization" above.
m
,
Drvs.— ) '81-87 '88 '89 '90 '91 '92 '93 '94 '95-'97 '98 '99 to Sep., '01
4 5 414 5 5 4% 4yly. 5^ 6 yearly.
Per cent, i 8 yrly 5
On June 15, 1901, 2 p. o. was paid for the 4 months ending July 1,
1901, when interest on the new Great Nor.-Nor. Pac. collateral trust
4 per cent bonds began; Sept., II3 p. c; first quarterly dividend under
lease,
1^
p.
c, paid Jan.
1,
1902, dlvld. being paid Q.-J.; V. 74, p. 41.
Sinking Funds.- Included in the bonds outstanding in the table
above are sundry bonds of the company which are field alive and
drawing interest for account of the various sinking funds.
Bonds.— For full description of each loan see the editorial article on
pages 3 to 6 of Supplbji ent of Oct., 1896, and Oaao.viOLB V. 63, p. 775
30
INVESTOES' SUPPLEMENT,
[Vol.
LXXVI.
April, 1903
KAILKOAD STOCKS AND BONDS.
J
31
Immediate notice of any error discovered. In ttiese Tables.
Bonds— PrinciINTEREST OF DIVIDENDS.
Bate Size, or
pal, When Due.
Amount
Subscriber!* will confer a great favor by giving
RAILROADS.
For explanation of column headings,
on
first
OhiccLQO Burlington
<£
d^o.,
see notes
page of tables.
Rate per
When Where
Payable, and by
Stocks—ha&X
Dividend.
Whom.
Payable
Cent.
— (Oonclnded) —
(fe
.
M
now
Ist M..F.O"
K.C.St.J.A Coun. BL,con.M. (Nos. 1 to 500pf.)o'
Ist Ms. Nod.and Tark. Val.RRs. s.f. (dr.at 100). c*
Rep.Val.,l8tM.,gu.,(dr.atlOO)s. f.,$14,000y'ly.c
Atoh. ifeNeb., IstM., At. to Lin., Neb., etc., guar.o"
2d mort. on Atch. & Neb. RR. (Ist M. on bridge)
Lino'n <fe N.W.RR.lstM. guar., s.f. 1 P.O., not dr'n..
Ohio. «e East. Illinois— Com. stk. ($15,000 p. m.) lip
Pf. st'k, $10,000,000,6 p.o.non-oum($10,000 p.m.)
Ist mort. (8. f. $20,000, no drawings)
Ce.o'
DanvUle & Grape Creek RR.— 1st M., assumed.. o*
Extension, Ist mortgage
o*
Consol. mortgage (for $6,000,000), gold
Ce.o*
Collateral trust bonds, sinking fund
o*
Gen'l consol. and 1st mort. $30,000,000.. Ceo&r
<fe
Par
of
Outstanding
Road, Bonds Value.
Qttincy
B.&Mo.RR.lnNeb. < L'd gr., s. f.,dr. atlOO.NB
Con.M$14000000 I Exempt, not dr'n till 1908
Mo. RR. in Neb., s.f for At.&N.RR.stk.NB
Burl,
Hannibal
Miles
of
St. Jo., consol.
,
Chlc.&Ind.Coal— IstM. $25,000 p.m.,a88'd.Mp.o*
Eransv. T. Haute <fe Cliio., income mortgage
Indiana Block Coal, Ist mort., s. f., call at par...
Chicago <t i'me— Stock (all held by Erie)
IstM., gold, Int'st guar. tlU principal
Income bonds for $10,000,000 5
is
p. o.
pd..Ce.o*
non-oum.N
Terminal 1st mortgage, gold
$600&o.
6
585 51878 600 &o. g8,098,000
5,450,000
6
U878
1880
1,000 113,347,000
4
1881
289
1,000
8,000,000
6
248 1877 100 <feo.
5,000,000
7
62 1880
1,000
356,000
7
90 1879 600 &o. kl,078,000
6
145 1878 100 <feo.
1,125,000
7
See text.
6
73 1887
I'.obo
600,000
7
1880
100
7,217,800 6 in 1902
100
6,830,700 6 in 1902
2,989,000
107 1877 100 &c.
6
1,000
97,000
6
7 1880
15 1881
1,000
91,000
6
127 1884
1,000
2,788,000
6 g.
1,000
42,000
1887
6g.
391 1887 1,000&C 13,643,000
5
1,000
174 1886
4,626,000
5
150,000
6
49 1881
1,000
140,000
1878 500 &c
7
100
100,000
249 1890
1,000
12,000,000
Mosuy
249 1890 l,000&c 10,000,000
1888
300,000
5g.
J.
J.
J.
M.
(fc
&
<fe
<fe
J.
J.
J.
S.
J.
Boston, Bk. of Com'rce. July
1,
July
1,
do
do
do
do
N.Y.,Bk.of No. America.
Boston, 2d Nat'l Bank.
D.
do
do
&
&
& J. Boston, Bk. of Com'rce.
M. & S. Boston, Bk. of Com'rce.
Boston.
J. & D.
Boston, Co.'s Oflflce.
J. & J.
J. & J. N.Y., Hanover Nat. B'k
do
do
Q.-J.
N. Y., 4th Nat. Bank.
J. & D.
M. & N. N. Y., Central Trust Co.
J. & D. N. Y., Fourth Nat. Bank.
A. & 0. N. Y., Central Trust Co.
F. & A.
do
do
M. & N.
do
do
J. & J.
N.Y., Met. Trustee.
M. & N. N.Y., Farm. L. ifeTr. Co.
J. & J.
do
do
M. & N. New York, Erie RR.
owned by Erie RR.
J. & J.
New York, Erie RR.
J.
J.
J.
Jan. 1,
Mch.
1,
1.
1,
1.
1,
1.
1.
Jan.
June
July
Mch.
1918
1918
1910
1911
1907
1920
1919
1908
1927
1910
Dec.
Jan.
Jan. 2 *03,
.
Apr.]
,
Deo.
May
Deo.
Oct.
Feb.
Nov.
Jan.
May
July
May
3%
'03, li«
1,
1.
1,
1,
1,
1,
1,
1.
1,
1907
1920
1931
1934
1913
1937
1936
1920
1908
1982
1982
July, 1918
1,
1,
Oct.
The Chicago Burlington & Quinoy sinking funds for the several loans respectively held alive June 30, 1902, of the bonds given above
outstanding: Of s, $5,787,800 January. i9o3: It. .$1,931,000; k. $409,200
The mortgage of lioq for ^j,ooo,ooo secures bonds dated July 1,
1899, maturing July 1, 1949, and to bear interest at not to exceed 5
percent. Such bonds as may be Issued bearing 3^ per cent interest
will be subject to call at 105 per cent and accrued interest and those
bearing interest at less than 3hi p. o. at par and interest on any
coupon day after thirty years. The issue is limited to $35,000,000,
and the lien securing the bonds will become an absolute tirst mortgage,
covering aU lines east of the Mississippi River, upon the payment of $28,924,000 consolidated mortgage 7 per cent bonds due
July 1, 1903, and of $2,320,000 Chicago & Iowa Division 5 per cent
bonds due Feb. I, 1905. Suttlcient of the new loan is reserved to take
up these $31,244,000 bonds and $37,096,000 were issued In 18991902. The remainder is available for additions, etc. See V. 68, p. 771;
abstract, V. 69, p. 283; V. 69. p. 795; V. 74, p. 1307; V. 75, p. 665.
The Iowa Division bonds are a first mortgage on the main line in
Iowa from Burlington to East Plattsmouth on the Mo. River, 278 mUes,
and on 122 miles of branches; they are also a llrst collateral lien on 420
mUes of branches and 86 mUes of second track. These bonds have a
sinking fund of 1^ per cent ($203,800) yearly, for wliioh the 48 are
sublect to call at 100. the 58 at 105. The single main line and branches
covered "shall not exceed In the aggregate 900 mUes." at $16,000
per mile on second track (of which June 30, 1902, there were 86
mUes) may be issued an additional $14,000 per mile. V. 65, p. 462.
Denver Kxl. bonds can be increased only for 2nd track at $10,000 p.
The collateral trust Nebraska extension bonds of 1887 are Issued at
$20,000 per mile for slngJe and $10,000 per mile for second track on
not exceeding 1,500 miles. Abstract of deed V. 45, p. 441.
Burlinalon dt Missoriri RR. in Nebraska consol. mortgage of 1878 Is for
$14,000,000, and is now a 1st M. or Ist collateral Uen; aU except the
$5,000,000 of exempt bonds are subject to caU for the sinking fund at
par, $278,600 having been retired in 1900. The " exempt" bonds may
be caUed after 1908.
The 5 per cetil debentures of 1890-92 are convertible $ for $ Into stock
any time prior to Dec. 1, 1902, except when books are closed. $15,614,800 had been thus converted up to June, 1902. V. 67, p. 842. See
terms of conversion on page 5 of the Supplement for Oct., 1896.
General Finances.— Com being one of the principal articles carried
the eaminge vary gi-eatly according to the size of the crop.
In Mar., 1901 siockholaers subscribed for $9,922,700 new stock at par.
Latest Earninos.— From Julyl to Aug. 31 (2 months) earnings.
Including lines controlled, were
2 months.
Gross.
Net.
Charges.
Balance.
1902
$9,79 1,688 $4,035,282 $l,626;000 $2,409,282
;
m
,
1901
9,460,462
3,860,772
1.617,049
2,213,723
ANNUAL Report.— Fiscal year ends June 30 Report
for 1901-02 was
in the Chronicle, V. 75, p. 847, 857, (see also editorial, p 823),
showing operations, including results of the C. B. <fe N., etc
1901-02.
lfi99-00.
1900-01.
Miles operated June 30
8,1^^4
7,912
7,661
Freight
$36,072,079 $33,662,221 $32,557,999
Passenger
12,857,267
11,624,746
10,384,408
Mail and miscellaneous
4,865,899
4,765,022
4,593,013
Gross earnings
$53,795,245 $50,051,989 $47,535,420
Expenses and taxes
35,682.875
34.069,908
31.422.342
Net
$18,112,370 $15,983 081 $16,113,078
Prop, of exp. to gross earnings
(6633)
(68-07)
(66-10)
Othertncome
340.805
380.797
382,195
Total income
$18,453,175 $16,363,«78 $16,495,273
Int., rent, etc
8,370.064
8,238,471
8,!^66,512
Balance
$10,083,111
$8,125,407
$7,928,761
Dividends
.'8,819.722 6 i2)6,652,557 (6)5,829.678
(
Surplus
•
Of
$1,263,389
this. »8,6 6.1?0
was applied
em Joint bonds as a matter of
Directors.— (ieo.
BurllntnoD,
$1,472,850
$2,099,083
on Ni.r. Pac.-Great North-
directh, as iotereat
convenience.
«. Harris (Presiflenti. Chicago. III.: Charles E Perlilns of
Paul, Minn.; W. P. Clough, Robert Bacon. E. H.
la.; J. J. Htli. St.
Harriman, Jacnb H ^chiff, George J. Gould, H. McK. Twombly, Robert Bacon
anrthri ward T. Nichols of New York; Norman B. R»am of Chicaeo. 111.
(V. 75, p. 793, 847, 85 7, 1030, 1301, 1353; V. 76, p. 265.)
—
Chicago Burlington
& Qnlncy Railway.— Leases the
Chlo.
for 999 years from October, 1901, at7
per cent on its stock. Incorporated in Iowa on Oct. 16, 1901.— V. 73,
P- °^2, 207. Sf e C. B. & Q. Raxlroait above and Northern Seciu-itles
Item. V. 73, p. 1357. Stock authorized. $100,000,000.
Directors.—George «. Harris, Pre»irtent; Charles E. Perkins, John ?. Kennedy,
Jap'Ls J- Hill, William P CloUKh, George W. HerRlns. E. H. Harriman, M.I.,.
Ma 10,0 V'"™ ^- ^"intyre, James StiUmau and Darius Miller.— (V. 7a, p. 812,
Bxxil.
&q. Raitroad system
)
,
Chicago
^k
(double track to
Eastern
DanviUe
RR.— rSee
lilinoitit
Jet., 106 miles)
from
Jfaj?.;— Operates road
Chicago, 111., to Terre
Hante, Ind.. and bituminous coal fields; also to Thebes and Joppa, 111.
Lines ovmed in fee.
Miles. Coal Bluff, Inrt., to Casey, Ind.
7
Dolton to Dan\-iue, 111
107 BraucheH to Coal Mines
15
Danville, 111., to Brazil, Ind.... 61 Double track
„^,.
106
^^
'""
Momence Jo.,lU.,toBrazU,Ind.l30 Sidetracks
301
DanviUe Jc, ni., to Thebes, IU.277
Joppa Jet. to Jopiia, 111
16
Trackage, etc.
Cissna Jc. to Clssna Park, 111.. 11 Chicago to Dolton, Ch.&W.Ind. 17
Bossville Jc. to Sidell Jc. lU.. 34 Otter Creek June, to Terre H
6
Percy Jet. to Lacrosse, Ind... 46
MiifordJc.IlL.to Freeland.Ind 11
Total operated July, 1902.... 738
,
. .
1
An extension
from the main line to Pana, 111., on the CI. Cin. Chio.
20 miles, will be built, affording with trackage over the Big
Four a through line for the 'Frisco to Chicago. V. 75, p. 1087,
History, Leases, Ac.— Reori^anlzed under existing title in 1877.
In Nov., 1887, consolidated with two other co's (V. 46, p. 135), and
on June 6, 1894, with Chicago & Indiana Coal RR. V. 58, p. 987;
also V. 48, p. 334; la 1899 with Evansvllle Terre Haute & Chicago
and Indiana Block Coal RR. V, 71. p. 389. In August, 1902. the St.
L. & San Fran, acquired the greater part of the stock, as said below.
The Chicago & East 111. owns $1,000,000 stock of Clue. & Western
Indiana -having all the local traffic of the latter road from Dolton
Into Chicago. In 1902 the traffic contract made in 1890 with the
Evansvllle & Terre Haute for the operation of a through line between
Chicago and Evansvllle was still in force. (V. 55, p. 995.)
tn July, 1902, the Southern 111. & Missouri Bridge Cj. had "let con-
&
S. L.,
tracts in the interest of the C. <fe E. 111. for a bridge across the
Misnlssippi River, at or n-^ar Thebes, at an estimated cosn of $1,500,000 or $2,000,000, forming with St. Louis Southwestern a direct
line to Texas points. V. 71, p. 1219; V. 74, p. 936.
Stock.— In addition to the amounts outstanding In the table, $5,250,600 common and $1,135,000 pref. were held In the treasury in
July, 1902.
In Aug.. 1902, the St. Louis & San Francisco RR. gave in exchange
for the common and preferred stock its stock trust certiflcates at the
rate of $100 thereof for each $100 share. V. 75. p. 289. In Jan 1903,
$7,070,000 of the $7,217,800 common and $4,143,500 of the $6,830,700 preferred had been exchanged on this basis.
I'he St. Louis
Sail Fran. ha« the optiOE. to retire the trust certiflcates at any time at
$2 50 per $100 common stock trust certiflcate and $150 per $100
pref. stock trust cartldcate, payable in gold, and obligates itself to
pay off the eniire issue in 40 years from date at the same rates meanwhile obligating it.*elf to paylO p. o. dividends on the common and 6
per centum on the preferred trust certtlioates, respectively, these
amounts being equivalent to 4 per cent on the principal sum to be
eventually received in payment therefor. Upon failure to pay any
dividend within 30 days after demand therefor, any holder may surrender the certiflcates to the trustee andreceive the shares represented
thereby. See also V. 75, p. 289, 393, 1031.
,
&
Dividends—
i'89. '90. '91. '92-'7. '98. '69. '00. *01. '02. 1903.
6 6 stk. 41^ 6 yrly 6
6
6
6 6Inc. '\pr.,3
Jan., 3
2H 3'^ i.^ 5HQ
Bonds.—Tne general consol. and Xsl mortgage of 1887 (trustee. Central Trust Co.) provides for the retirement of $6,042,000 prior bonds and
for issue of bonds on new road at $18,000 per mUe for single track
also for bonds for equipment at $7,000 per mile and for double track at
$8,000 per mile. In 1897 the total Issue of gen. consol. bonas was
limited to $30,000,000 and bonds were reserved for CJhicago
Indiana Coal flrsts. See V. 64, p. 1088.
The gen. consols are
a
first
mortgage on 391
miles
of
road,
including the
line
from Rossville via
Sidell
Thebes,
also
on
to
etc.
equipment valued at $3,119,000, and upon real estate in Chicago cost-
On pref., p. 0.... >
Common, p. c... )
&
;
ing over $1,200,000.
General Finances.—This company owns most of the capital stock
of the Brazil Block Coal Co., and carries all its coal. It carries also
the coal of the Danville, Clinton and Williamson county fields. On
July 1, 1902, Chicago P. & M. car trust notes, $74,392.
Earnings.— For 8 months, July 1
Ornss.
8 mos.
1902-3.. $5,028,136
Net.
$2,277,615
1,954,603
to Feb. 28:
Other inc.
Int., die.
Bal.,turp.
$185,740
139,219
$1,114,106 $1,349,249
1901-2 4,242,798
1,055,938
1,037,884
ANNUAL Report.— The annual report for 1901-02 was in V. 75, p.
392. Rate per ton per mile was 0-459 cts. in 1901-02.
Year end. June30.
1902.
1901.
1900.
1899.
Miles operat. June 30
738
727
711
648
Gross earnings
$6,277,494 $5,659,446 $5,148,897 $4,581,560
Oper. exp. & taxes.. 3.699,732
2,712,920
3,471,294
3,063,627
Net earnings
$2,577,762 $2,188,152 $2,085,270 $1,86S,640
.
.
P.
c.
op. ex. to earns..
(58 93)
(61-34)
(59-50)
Net (tncl.oth. Income) .$2,826,909 $2,407,215 $2,300,159
Interestpaid
Rentals
1,245,889
1,201,671
137,578
(6)379,842
(59-22)
$2,065,329
1,066,399
231,567
(6)349,842
1,126,139
183,648
on pref. stock. (6) 409,842
(6)349,842
Dlv. oncom. stock... (6) 431,868(5^)370,879 (4>a)278,901 (3i2)216.923
Constr'n.deprec'n,et o. 607,172
129.-205
100,000
317.245
Balance
sr. $232,4-24 sr.*l 00,598
Oiv.
13'2,138
.
Officers.— Presi'-ent, B. F.Yoakum.
St.
Louis;
Vice-Prt-s.,
W. H.
Lyford, Chicago; Secretary. J. S Ford, 25 Broad St., New York
Director.*.- A. K. FlowT. B F. Yoakum & r-. Henderson. K. M. Hoe. H. Selhert, y. S. Flower, New York: G. H. Ball, Boston: W. H. Lyford, C. W. Htllard.
H. H. Porter Jr.. Chicago; James Campbell. St. Loiii*.
(V. 75, p. 392. 393, 549, 611, 732, 1031. 1252; V. 76, p 101, 265.)
—
Chicago & Erie RR.— C-See Map BrieRR.j—Ovma from Marion, O.,
Hammond, Ind., 249 miles, and leases trackage over Chicago &
to
West. Indiana to Chicago, 20 miles. Practically merged in Erie. RR Co.
Bonds.— The first mortgage (trustees Central Trust Co. and Edward
Daniels) covers 249 miles of road, the contract with the Chicago A
Western Indiana, $1,000,000 of that company's stock and $240,000
stock of Chicago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.
INVESTORS' SUPPLEMENT,
33
CHICAGO &
EASTERN ILLINOIS -
^
°°'^^°'*H"-3C%<5*'5=
*"
MO'MEN CE"
Railroad ^ Connections.
__
b'«^ m
n,
'
WATSECAr5jfpERCY
Je^
r,
J
J c
Scale.
Reduced
°J^a_^fssinr?i^i^lJl^t^'
.
'
^^
ir'
JJ...
[Vol.
LXXVI.
RAILROAD STOCKS AND BONDS.
April, 1903.J
33
MAP OF THE
CHICAGO GREAT WESTERN
RAILWAY.
S
»
4
.^^^^
^S
^etroit Cy.
.Duluth
Bayfieldf
^.P.'Jimc."
.4
<iSi*
JWadena
Marquet
L'Anse^
\
eT:^°
Aslilana Junc^
Clmberly
>
Jc.
IVI
Middle
Kiver
)
/
Seif^"(f
Gordon
*^»,^^^\
Stambaugh
A^
'MCS
Lake
^vansvnie
\
Minckley^
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.
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S3.-
%V „
,
Ji;K«^City&3CoGrant8-burg-
oyaltoQ
Alexandria
S'ldel
Butternut
4r,
^lo.
'^<
^Superior J(f^^*
.;J Chicago
Jil-
L
'•W
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Philips
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St.
\
9Canibrldge p Hariris
Cloud^^
VRlce Livte
„•/
^Taylor Taiy
^«
„.
^^lonte-vJdeo
-*
MinnetonTca L.
BlrdlsTd
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^^^^'^V.,, „.
Montlcello
XltcMleld
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w.*"'V*f4
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ledford
Bloomer\
Hudson
Monico
oe^<^
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jAhottsford
i Eland
sha>05e
([Hastings
vyari<;y
,
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1
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Stevens Pt;
Merrillon)
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S^a^bashaw^^
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—VGrand Rapids
Dextervlllelo.V
t
N.
w.
Tracy
i*-^^v>C
Sparta^ ^
'
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\
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.
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Sp
^^ortlilngV^n
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sCaf"
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C
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lar.engp
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lOSKALOOSl
"Wafcliington
Qkalceer
iGalesbur^
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ildon
JingtoffTW/ BerwicV:
ivcoTco
BlavanJ
/lei Dji
i
MilanJ
8-
p.
lianipalgn.
L.
AtlantaVoi
JOSEPH.
Decatu
'Jiacpu Cy.ljr
3Ionroe
Platte
City^?^
"pAc:-<«i^EAVENWORTH
Brunswici3j^>_S;.^^yj-
^
Lexington
^
-j:^^
raylor Vx
i
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fl
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texlco
Bowling
Gteen
i
/ Centralla/
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^\
/l
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>-'
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Ottawa j
Jarrison\'ille
/
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u
/ ^./S^^^fc^W,
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7
"^
VOlney
Gentralia
34
RAILROADS.
Miles
Tor explanation of oolunm headtags,
on first page of tables.
Chicago
SUPPLEMEKT.
USHTESTORS'
&
&o., see notes
Date
Amount
Par
of
of
Road. Bonds Value.
Outstanding
Deb. stock, cum.,
$30,000,000, dlv. in cash,
g.
•
aa«
Preferred stock A, $15,000,000, 5 per cent, gold.
Pref. stock B, 4 per cent $10.000,000
Common stock, $50,000,000
Bterllng 5-year notes 58 of 1899 (no mortgage) ..
Sterling 5-year notes (no mortgage) red. at 101..
Ohic. Hammond <t TTes^'n—See Chic. Junction Rt
Chicago dk Indiana OoaJ— See Chic. <fe Eastern II
Ohic. Ind. £ East.—Xat M., g., red. 115 (text). IV. o*
Chicago Indianap, A Louisville Com. stock...
Preferred, 4 per cent, non-cum., $5,000,000
L.N.A.&C., IstMain Line.— N. A. to Mich. City..o*
Ist M., Chic. <fe Ind. Div., Chic, to Ind., gold..c*
O. I. & L. refunding mort., $10,300,000, gold..Ce
Do
gold 68, Issued for old consols
Perry Mathews Busklrk Stone Co., Ist M., guar..
Con.StoneCo. 1st M. ,$250,000,g. ,gu.,p.&i.red.text
Indiana Stone RR. let M., guar
Chicago Jnnciion Common stock
Chic. Ham. & West., 1st M., $2,500,000, g. .o*Ar
Chi, MiUc. A St. Paul Common stock (See text)
Preferred stock? per cent yearly, not cumulative.
Prior lien consols, convertible into pref
Consol. mort., conv. into pref. stock
F.c*
I. & D. Ext. Ist M., convert, into pref
F.c*
•
••
g.,
Debenture scrip (not interestrbearing)
—
.
—
W. Div. 1st mortgage Western Union RR..0*
— ITUlOl
Dividend.
LlNOIS
43
1902
....
289
162
509
509
....
1880
1881
1897
1897
1898
1900
....
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
i;ooo
100
1897 500, &0.
100
100
1,000
1874
1,000
1875
1,000
1878
1,000
1879
.
27-48
1,435
1,435
335
212
"Maple Leaf"
route, radiating from Oelwein, la., northerly to St. Paul,
easterly to Chicago and southerly to Kansas Citv, and embracing
Lines Owned
—
Miles.
& Kan. aty Ry.—
Trackage,
etc.
4 g. J. & J. London,R.BenBon & Co. Jan. 15,'03,2%
3,489 No int^st
11,372,400 5 in 1902 Seml-an London, R.Benson & Co. Feb! 28,"'03,2>t
9,468,090 < None;
29,918,000 i paid. S
808.333
1904
5 g- Seml-an London or New York.
1908
2,000,000
5
100
100
100
Cblcago & Grand Trunk Ry.— See Grand Trunk Western Ry.
Chicago Great Western Ry.—(See Ifap.;—Road.—Operates the
Miles.
Paul to Minneapolis
11
Chicago to St. Paul, Minn.,
Chicago terminals (V.71, p. 442) 10
and St. Joseph, Mo
691 Dubuque to Aiken
14
Branches to Haylield, etc
132 Des Moines terminals
3
Bee Creek to Beverly (no bds.) . 23 Leavenworth to Kansas City.. 46
Operated under agreement
IT which see.
Mason City & Fort Dodge
iri04
Wisconsin Minn. & Pacific... ir272
Total operated
956
History.—The Chicago St. Paul <& Kansas City was organized in
May, 1886, and in December, 1887, merged with Minnesota & NorthSt.
—
western. In August, 1892, reorsanized per plan. Vol. 55, p. 856.
On Sept. 7, 1893, the Great Western acquired by deed the title of the
Chicago St. Paul & Kansas Citv Ry. (815-67 miles). In June, 1902,
the old mortgages were satisfied of record. V. 74, p. 726. As to 7 year
contracts made in li(02 with packing companies, see V. 75, p. 341.
Sectjkities.— The holders of debenture and preferred A stock appoint the finance committee, which exercises general supervision of
finances. Additional securities of said issues can be put out, but only
with consent of a majority of both said classes of stock present at a meeting. Securities of other Issues having a Hen prior to preferred A can be
created, but only with consent of two-thirds of both classes. The several classes in case of liquidation will have principal paid in gold, according to their priority right to dividends. At extraordinary general
meetings of holders of debenture stock and preferred A stock collect1 vely, holders of one-tenth of said stocks outstanding, present or represented, constitute a quorum and by a majority vote have power to
sanction any modification of the rights of said stocks. The provisions
of the several classes of stock were fully set forth in the editorial
article of the Supplement for October, 1897; see also V. 71, p. 441.
In 1898 the authorized issue of 4 p. 0. debenture stock was increased from $15,000,000 to $30,000,000 for future refunding and improvements. See Finances below. V. 66, p. 133, 663, 1088.
In Nov., 1902, $6,500,000 common stock was Issued to purchase the
outstanding stock of the Mason City & Ft. Dodge RR., Manly Jet. to
Ft. Dodge, la., and branches, 130 miles Mason City & Ft. Dodge R>/.,
Hayfleld, Minn., to Manly Jet., la.; Oelwein, la., to Hampton, la., 121
miles, and balance of stock of Wisconsin Minnesota & Pacific RR., 272
miles. V. 75, p. 1201. The stockholders voted on Feb. 18, 1903, to increase the common stock from $30,000,000 to *50.000,000. a portion
of the new stock to be used to complete the purchase of the abovenamed roads.— (V. 75, p. 1201, 1253)
iJrviDENDS.—Onpref. "A"pald Jan.,1899, 2p.c.: in July. 1899 2 p. c;
In 1900. 5 P.O.; in 1901, 5 p. c; 1902, 5 p. o.; 1903, Feb., 21^ p. c.
>lFiNANCE8.-On March 17, 1902, $3,437,000 additional debenture
•took was authorized; also the sale of two branches from Hayfield,
Minn,, to Manly Jet., la., 49 miles, and from Waverly, la., to Hampton, 42 miles, to the Mason City & Fort Dodge RR. for $1,336,000 of
first mortgage 4 per cent gold nonds of latter; V. 74, p. 726: V. 75, p.
559, 665. In 1903, $2,000,000 five-year 5 p. o. notes were issued. See
V. 76, p. 809.
Early in 1901 Vermilye & Co. became the fiscal agents of the company, their Mr. Read entering the directory. See V. 72, p. 580.
In Apr., 1901, a syndicate acquired all the stock and bonds of the
Mason City & Fort Dodge RR., Mason City to Fort Dodge, la., 92 miles,
the purchase including coal fields near Ft. Dodge, and arranged to
extend the road from Manly Junction to Mason City, 12 miles,
and Hampton to Clarion, 30 m. (both completed), to connect with
the C. Gt.
and also to build southwesterly to Omaha, and
westerly to Sioux City, a total of about 250 miles. In March, 1902,
It was arranged to transfer to the Mason City & Ft. Dodge Railway two
branches, aggregating 91 miles (see above), which will extend the' lines
of the Mason City & Ft. D. easterly to the U. G. W. main line.
Wisconsin Miunesota <te Pajitic RR., Red Wing, Minn., to Mankato,
94 miles. In 1901 purchased Duluth Red Wing & 80. and the Winona &
Western, making 246 miles then owned, and arrantred to build a 27mile connecting link. Both of the roads are operated for 100 years
under agreements dated Apr. 1, 1901, the Chic. Gt. West, to receive
their entire net earnings above interest on bonds and own their entire
stocks. V .73, p. 5 6^7 22.
V^74, p. 93; V, 75, p. 1201.
4 ,^ ^
"Eaijninos.— s'mos., ) 1902-3 [....I. Gross, $5,165,025; net, $1,447,087
July 1 to Feb. 28. ^901-2
Gross, 5,213, V17; net, 1,508,247
For 6 mos. ending Dec. 31, 1902. ^net, $1,172,687, against $1,230,981; charges. .$886,383; dlv. on pref. A (2»« p. c), $284,310; bal., sur..
$1,994. See V. 76, p. 810.
Repobt.— Report for 1901-02 In V. 75, p. 547, 558; *dltorlal. p. -521.
1902.
1901.
1900.
1899.
;
W
wnom.
Payable
Cent.
Sotuls
pal, When Due.
Stocks— haati
$100 $27,577,000
1899 VarlouB
1903
—
Ohio. St. P.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
LXXVI.
Trunk— See Gk. Tbdnk West. Ry.
Or.
OMe€tgo Great Western—
8.
ITOL.
,
Tear ending June 30.
$
$
$
$
Gross earnings,
7,549,689 7,013,861 6,721,037 5,867,739
Net Income
2,060,230 1,978.346 2,026,814 1,720,224
Rentals (Incl. equipment). 390,815
440,604
463,930
450,177
Interest paid
147,999
188,973
272,255
299,120
Int.in cash on 4% deb. stk. 925,207
780,610
568,650
498,002
Div. on pref.stock "A".(5%)568,620 (5)568,620 (5)568,620 (4)4541896
Miscellaneous
6,568
8.645
^9-574
8,873
Balance
sur. 21,021 def. 9,106
9056
143J85
500.000
5g10,500,000
5,000,000 4 in 1902
3,000,000
6
2,300,000
6g.
4,142,000
5g.
4,700,000
6g.
50,000
6g.
118,000
elIn treasury.
5g.
2,200,000 All owne
2,090,000
6 e
58,183,900 7 in 1902
47,371,400
7
37,000
7
2,137,000
7
1,132,000
7
4,000,000
6
Officers.
— A. B.
M.
&
N. N. Y., N. Y. See.
N.Y.,J.iP.
Seml-an
& Tr. May
Morgan* Co.
do
do
1942
1,
Jan. 29, '03,114
Deo. 5, '02, 2S
July 1, 1910
do
do
& J.
Aug. 1, 1911
do
do
& A.
July 1, 1947
do
do
& J.
July 1, 1947
do
do
& J.
F. & A. Am. Tr. & 8av.Bk.,Cliic Feb. 1, 1908
M. & N.
do
May 1. 1920
do
New York.
M. & S.
Sept. 1, 1948
dbyCh. J. Ry. & Un. Stk. Yds. V. 68, p. 326.
Jan. 1. 1927
J. & J. N. Y., Cent'l Trust Co.
A. & O. N.Y.Offlce,30 Broad St. Apr.23,'03,3i2
Apr.23.'03,3i«
A. & O.
do
do
do
do
Jan. 1, 1904
J. & J.
do
do
July 1, 1905
J. & J.
do
do
July 1, 1908
J. & J.
July 1, 1909
J. & J.
do
do
J.
F.
J.
J.
Stlokney, President, St. Paul, Minn.; Treasurer,
C. O. Kalman, St. Paul; Auditor, W. B. Bend, St. Paul; Secretary, R.
C. Wight, St. Paul, Minn.
Directors— A. B. Stickney, A. Oppenheim, S. C. Sticknev. F. Weyerhaeuser, J.
W. l.uek, H. E. Fletcher, T. H. Wneeler, William A. Read. R. C. Wight. New
York office, 31 Nassau 8t.— (V. 76, p. 1253; V, 76, p. 47, 157, 265, 435, 80».)
Ctaicas^o
Hammond & \¥. KR.— See Chicago Junction Rt.
& Eastern Ky.—Owns Converse, Ind., to
Cblcago Indiana
Muncie, 43 miles, of which Matthews to Muncie, 15 miles, completed
Dec, 1900. In Oct., 1902, extension under construction from
Muncie to Richmond, 36 miles. Projected from Chicago, 111., to Columbus, O., and from Richmond, Ind., to Cincinnati, O.
Stock was increased in Oct., 1902, from $425,000 to $1,000,000. Of
the bonds ($1,000,000 authorized) $500,000 are reserved for future
requirements. A sinking fund, beginning 1907, -will retire bonds
yearly.
In year ending Mar 31, 1 90 ii, gross earnings, $98,238 net
over taxes, $36,752. Pres., Paul Brown, 100 Washington St., Chicago,
ni.; Sec. J. H. Miller; Gen. Mjrr., H. E. Drew. Olflce, Matthews, Ind.—
in
;
V. 74, p. 986; V. 75, p. 848.)
Obicago Indianapolis
&
LonlSTille Ry.—fSee Ifap.;— Oper-
ates the "Monon Route" from Chicago, 111., viaMonon, Ind., to IndlanapoUs, Ind., and Louisville, Ky., with branches. The system includes
Innes ownea
Miles.
Miles,
Cfper. under contract
Indiana State Line to Indianap .162 Chicago to Ind. State Line
20
New Albany to Michigan City .289 New Albany to Louisville
6
Bedford to Switz City
40 Connection in Indianapolis.... 2
Orleans to Fr. Lick Springs
18 Clear Creek to Harrodsb'g, Ind. 10
—
Total of
—
546
all
A lease for 999 years with Chicago & Western Indiana (of whose stock
this 00. owns $1,000,000) gives entrance to Chicago on a mileage basis.
Owns one-third interest in Kentucky & Indiana Bridge, having bridge
at Louisville, Ky.
V. 71, p. 599.
Extension from Indianapolis to
Linton, 85 miles. Is to be buUt in the spring of 1903.
History.—Successor July 1, 1897, of the Louisville New Albany A
Chicago Ry., foreclosed per plan in V. 63, p. 922.
In Oct., 1902, the suit attacking the legality of the foreclosure was
settled. V. 75, p. 1031.
In Aug., 1902, the Louisville & Nashville and Southern Ry. acquired 9212 p. o. of $10,500,000 common and 72 p. o. of $5,000,000 preferred stock, on the basis of $78 and $ao per $100 share, respectively,
in their joiot 50-year 4 per cerit collateral trust gold bonds at par, secured by the stock acquired, six-tenths of lUe purchase price being
payable optionally in cash. Bee description of bonds under Louisville
& Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
Dividends.- On pref.. Mar. 30. 1899, 1 p c; in 1900, Oct. 15, 2 p. c;
In 1901. Apr., 2 p. c; Oct.. 2 p. c; in 1902, Apr.. 2 p. c; Dec, 2 p. 0.
First dividend on common, 1 p.c. May 29, 1902; Jan. 29, 1903,
p.o.
Bo'STy».— Refunding mortgage covers road, equipment, etc. (including
$1,000,000 stock of Ch. & W. Ind and $240,000 stock of the Belt
Ry. of Chicago)
total authorized issue is $15,000,000, of which
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be Issued only for betterments and equipment, not to exceed $300,000 in any one year, $2,091,000, of the latter of which $1,233,000 had
been issued to Aug. 31, 1902. Of the Consolidated Stone bonds
($250,000 authorized issue) $25,000 are subject to call yearly, Jan.,
1903 to 1906, inclusive, and the balance Jan. 1, 1907. V. 73, p. 41.
Car trust notes, $16,085, June 30, 1902.
FrsANCES.- See statement to N. Y. Stock, Exchange in July, 1897,
V. 65, p. 194, and "History" above.
EARNINGS.- 8 mos.,
; 1902-3.. Gross, $3,273,958; net, $1,261,062
July 1 to Feb. 28.
2,988,882; net, J.,143,324
5 1901-2.. Gross,
Annual Report.— In V. 75, p. 729, showed
1900-01.
1899-00.
1898-99.
Tear end. June 30— 1901-02.
Grosseamings
$4,581,158 $4,150,470 $4,177,888 $3,501,120
Net earnings
1,496,923
1,549,683
1,146,170
1,728,024
Dividends received...
135,776
109,787
86,687
129,448
m
;
Total net income. $1,857,472 $1,632,704 $1,659,470 $1,232,857
Interest on bonds
Rentals, etc
Total
Surplus
Dlv. of 1
$772,100
199,197
$771,294
208,636
$761,950
210,835
$752,700
205,409
$972,789
$958,109
$971,297 $979,930
$652,774
$686,681
$274,748
$886,175
($50,000) on pref. was paid Mar. 30, 1899, and semi*
p. c.
dlv. of 2 p. c. ($100,000) in Oct., 1900; 2 p. 0. ($100,000) Apr.,
1901. and 2 p. 0. ($100,000) Oct.. 1901; 2 p. 0. ($100,000), Apr., 1902
and 2 p. o ($100,000), Nov., 1902; on common, 1 p.c, paid May, 1902.
annual
Officers.-President and General Manager, W. H. MoDoel, Chicago;
Treasurer, W. H. Lewis, 198 Custom House Place, Chicago; Secretary
J. A. Hilton, 80 Broadway, New York.
Directors-H. A. Hickman, A. J. Thoiuas, A. H. GlUard. Amos T. Frenqk
ChHS. Steele. K.>M. Oallawav, Temple Bowrloln. New York: W. H. McDoel, O. B.
Sha-v, (JhlcaKo; J. Murdock, Lafayette, Ind.; Volney T. Malloit, Indlanapolla.
— (V. 75. p.
S!8,
239, a«3, 497, 611, 7'i», 732, 980, 1031, 1146; V. 78, p. 157.)
Chlcaso Junction Railway.— Owns and
operates a belt lino
Ind.. to Franklin Park. 1)1., from ChapIn the Union Stock Yards district connects
around Chicago from Whiting,
U. S. Yards, and
with industries and all diverging roads. Total mileage operated. 74'93
pell, 111., to
J
Apbil, 1903.J
RAILKOAD STOCKS AND BONDS.
85
INYEST0R8' SUPPLEMENT.
[VOU LXXVI.
RAILKOAB STOCKS AKD BONDS.
April, 1903.]
37
confer a great favor by giving immediate notice of any error discovered in tbese Tables.
Bonda— PrinolINTEREST OR DIVIDENDS.
RAILROADS.
- pal.When Due,
Miles Date Size, or
Amount
of
Par
Rate
When Where Payable, and by iS<ocfc«— Last
For explanation of column headings, &c., see notes of
Outstanding
Whom.
Dividend.
Road. Bonds. Value.
Percent. Payable
on tirst page of tables.
Subscribers
\vill
I
Chicago MilwauJeee
&
Paul—{OoncVd)—
St.
F.o* 419
Minnesota Dlv. 1st mortgage
Mineral Point Blvision 1 st mortgage
F.o* 133
Hast.&Dak.Div.,ext.,l8t M. ($990,000 58).F.c* 395
F.o* 185
Lacrosse & Dav. Div. let mortgage
Wlsc.Val.RR.Co. IstM., Tomah to Merrill, Wis.c 107
o*
161
Wis. Val. Div. Ist M. s. f not dr'n
NB.c" 351
Dnb. Div. Ist M., s. f., not dr'n
120
Chlo. & Pac. Div. Ist M. (Ch. to Klttredge).F.c*
do West'n Div. 1st mort., (see text) gold.F.c* 1,117
Chic. & Lake Superior Div. 1st mort., gold.F.c'
68
230
Wis. AMinn. Div. Ist mortgage, gold.F
Fargo & Southern Ist mort. gold, assumed
119
Ch. Mil. & St. P. Terminal mortgage, gold... F.o*
Dakota & Great Southern Ist mortgage, gold..F 159
Chlo & Missouri River Div. Ist mortgage
F.o"
77
Cten. M(for $150,000,000), gold Ser. A..Cs.o*&r 5,722
0* 5,722
"B"3i28
do
do
Mllw. & North'n 1st mort., Sohwarz.to Gr. Bay..c* 126
Consolidated mortgage
362
o*
€hic. 4t N. West.— Com. stk., $77,601,045 auth.Tr 4,273
1880 $1,000
1880
1,000
1880
1,000
1879
1,000
1879
500
1880
1,000
1880
1,000
1880
1,000
80.
.
NB
,
.
1881
1881
1881
1883
,
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1884
1886
1886
1889
1889
1880
1884
.
.•
Preferred stock (not cumulative) see text
Tr 4,273
Ch. & N. W. con. s.f. M. ($12,900,000), not dr. F.o" 788
Cedar Rapids & Missouri Rlv.— 1st mort. 3d Div. 150
M. of 1884, Ced. Rapids to Des Momes River.
122
Madison ext. 1st M., g. (s.f. $23,000,not dr'n).F 129
Menominee ext.l8tM.,g. (s.f. $20,000, not driF 114
Northw. Union Ist M.,
g.,
MIL to Fond-du-Lac.F
1865
1866
1884
1871
1871
1872
62
1
500 &0.
500 &0.
500 &c.
Bee text.
Organization.— Formed in March, 1898, as a consolidation of the
Hammond Western and Chicago & Indiana State Line in
the interest of the Chicago Junction Rys. & Union Stocks Yards Co.
Bonds.—First mortgage of C. H. &W. is for $2,500,000 (trustee, E.
Francis Hyde, N. Y.). V.64, p. 287.
Earnings.— For year ending Deo. 31, 1902, gross, $2,030,817 net,
<fe
;
$772,678; other income,
$43,739; charges, $603,589; dividends
(6p. c), *132,000; surplus, $81,829.— (V. 67, p. 1262; V. 68, p. 326).
</liicago
Kalamazoo ASaglnaivRy.—Owns 55 miles. Pavilion
Woodbury, Mich.
Stock, coiumon, $2,000,000; nreferred, $450,000; outstanding, common, $675,000; pref.. $271,000: par of shares,
$100. The tirst mortgage is for $225,000 to Union Trust Co. ot Detroit,
as trustee; bonds all in treasury; current accounts Jan. 1, 1902, $98,336.
In 1901, gross, $84,248; net, $25,715; int. on debt, $9,907;
dividends, $6,266. President, E. Woodbury; Treas. and Secy. H. C.
Potter, Kalamazoo, Mich.— (V. 61, p. 1063.)
to
Cblcago Lake Sbore
& Fastern Ry.~Embraces
159-04 miles
of track, connecting the various works of the Illinois Steel Company at
Chicago, Jollet and Milwaukee with diverging trunk lines, and also
with steamship lines, stone quarries. Industrial establishments, etc.;
also by trackage rights over 149*54 miles of roads reaches the coal
fields of Illinois and Indiana and Joliet, 111., handling between South
Chicago and these points a large trafflo for the Illinois Steel Co. The
stock, $600,000, and the bonded debt ($3,230,000) are owned by the
Federal Steel Co., and thus controlled by United States Steel Corp.
Equipment, Dec. 31, 1899 Locomotives, 54; freight cars, 3,077;
cabooses, 11; steam wrecker, 1.— (V. 64, p. 422; V, 67, p. 428. 483).
:
Chicago ITIllwaukee
&
St.
Paul Ry.— CSee
Jfop. ;— Operates
from Chicago westerly to St. Paul, Minneapolis and Lake Superior,
Omaha, Neb., and Kansas. City, Mo., with lines, traversing Illinois,
Iowa, Missouri, Michigan, Wisconsin, Minnesota and the Dakotas, viz.:
Road.
Road.
Miles.
Miles.
2nd & 3rd tracks
293
Trackage (inolud. 2d track)... 169
History, &c.—The Milwaukee & St. Paul RR. Co. was organized May
5, 1863, and on Feb. 11, 1874, took its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The sale of the Milwaukee & Northern to the St. Paul was
ratilled in September, 1893. In Mar., 1903, the Wisconsin Western
R. R., La Farge to Wauzeka, Wis., 52 miles, was acquired, and will be
operated separately for the present. V. 76, p. 541. Extensions from
Farmington to Mankato, Minn., 56 miles; Zumbrota to Faribault,
Minn., 35 miles, and Eureka to Linton, N. D., 49 miles, were mostly
Lines owned (of which 26
miles owned jointly)
6,604
completed
in Jan., 1903.
V. 75, p. 556.
Capital stock. —The preferred stock has a prior right over the
common stock to a dividend of not over 7 per cent from net earnings in
each year, but If not earned it has no cumulative right. After payment
of 7 per cent on preferred and 7 on common, both classes share pro rata.
Common stock raised to $58,183,900, by stockholders subscribing at
?ar to 10 per cent increase ($8,673,200) in AprU, 1901, and $2,362,00 additional sold in Jan., 1902. See below. V. 72, p. 437.
The stockholders voted on Oct. 4, 1902, to increase the
authorized common stock from $58,183,900 to $83,183,900. See
V. 75, p. 793 Preferred stock on Deo. 31, 1873, was $12,274,483; it
has been increased to present figures almost entirely by exchange
of convertible bonds for stock, only about ii9, 000,000 having been
Issued for other purposes (Improvements, etc.).
In Dec, 1902,
$3,306,000 prior lien bonds were exehangeable.
DIV8. 8lnce'89.
^00244245
) '90. '91. '92. '93. '94. '95. '96.
On common.
On preferred. 3 7
7
7
7
7
7
7
19037 Apr.3>a
7 Anr.Sia
'97 to '00. '01. '02.
yearly 6
7 yearly 7
!
500 &0.
m., ot wnich Chic. Juno. Ry. owns 2748, the balance being operated
under lease, trackage rights and other agreements.
Chicago
I
1,000
a Inolnding July, 1902, $3,922,000 in treasury and n Ot Ust ed,
U Coupon interest J&J; registered Q-J.
In 1902, on common, April, 3 p. c; Oct., 3^2 p. c. and ^ p. 0. extra,
making 7 p. c. for the year. V. 75, p. 549.
Bonds.- Abstracts of some of the older mortgages were published In the Chronicle, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830.
The following bonds are convertible into preferred stock at any time
within ten days after a dividend shall have been declared and become
payable on the preferred Iowa & Dakota Extension 7s and Chicago
Milwaukee & St. Paul consols of 1875. The consols of 1874 also
are convertible into preferred within 15 days after dividend day. The
convertible bonds were fully described in Supplement for Mar. '93, p. 2.
Chicago <t Pacific Western Division, see Supplement of Jan. 1901.
:
Terminal five per cent bonds of 1884 cover terminal property
hundred acres in Chicago and Milwaukee.
The general mortgage of 1889 (see abstract in V. 48, p. 830) is for
$150,000,000, to the United States Trust Co., of New York, as trustee,
and covers the entire railway property and franchises of the company
(therein described) subject to prior liens as below mentioned. The
prior lien bonds cannot be extended, but will be paid off at maturity.
On June 30, 1902, the following amounts of general mortgage bonds
had been issued or were reserved for the purpose indicated, viz
of several
:
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
5&7
100
100
....
1
$7,432,000
6
2,840,000
5
6,670,000
2,500,000
5
1,106,500
2,179,000
I
6,007,000
6
3,000,000
6
25,340,000
5g.
1,360,000
5 g.
4,755,000
5 g.
1,250,000
6 g.
4,748,000
5 g.
2,856,000
5 g.
3,083.000
5
a24.000,000
4g.
al0,263,000
3iflg.
2,155,000
6
5,092.000
6
* 48,340,710 7 In 1902
22,395,120 8J4ln'02
12,832,000
7
2,332,000
7
769,000
7
2,977,500
7g.
2,546,500
7g.
3,365,000
7g.
I
*
N. Y.,Offlce,30 Broad
Jan.
St.
do
do
do
do
do
do
July
do
do
do
do
May
May
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
June
June
1,
1,
Jan.
July
Boston, Lee Hlgglnson. Jan.
N.Y. Office, 30Broad8t. July
do
do
July
Jan.
do
do
do
Jan.
do
July
do
do
do
July
do
Jan.
do
do
July
do
do
do
Jan.
do
July
do
do
IT
IT
J. <fe D.
D.
J.
J.
J.
Q. —J.
&
&
N.y., Ch.Mll.& 8t.P.Ry.
do
Jan. 2, '03, 313
Apr. 1, '03.2%
Feb. 1, 191&
N.Y.,Co.'80ffloe,52WaU
do
do
do
do
do
do
do
Q — F.
M. & N.
J. & D.
A. & O.
J. & D.
M. & S.
Ad ditional amount
do
s
do
do
do
do
do
do
do
1910
1910
1910
1919
1909
1920
1920
1910
1921
1921
1921
1924
1914
1916
1926
1989
1989
1910
1918
May
.
Jane
Apr.
June
June
1,
1,
1,
1,
1,
1916
1906
1911
1911
1917
in treasury, see text.
Amount in
$30,341,000
the hands of the public
3.92i',000
In treasury of the company (unsold) see below
$34,263,000
Tot al reported by the company as outstanding
ReserT ed for prior liens
$87,788,500
Available or eventually to become available for improvements, there being Included In this amount the
27,948,500
bonds originally reserved for prior liens, which have
sin oe been converted into pref. and common stock
]
$150,000,000
Total authorized
The $34,263,000 outstanding Include $6,000,000 Issued to pay for
178 miles of sundry small branches on which the general mortgage Is
a first lien, and to retire the $2,500,000 first mortgage bonds of
Chicago Evanston & Lake Superior Ry., a Chicago suburban road,
$9,193,000 issued to replace prior bonds paid and canceled and $19,070,000 for additions to property.
GENERAL dtnances, <tec.— Capitalization per nule of road Jane 30,
1902: Stock. $15,879; bonds. $18,893; interest charge. $965.
In Oct., 1902, made a traffic agreement with the Union Pactfio RB.,
terminable on notice, for ttirough passenger and freight service from
Chicago to the Pacific coast. V. 75, p. 848, 1301; V. 76, p. 101.
In Apr., 1901, stockholders subscribed to $8,6/3,200 new stock at
par, the proceeds to reimburse the company for 301 miles of new road
built during the past two years, and provide for Kansas City cut-oS
and other necessary new construction, to cost $4,300,000, and In
Jan., 1902, $2,362,100 additional common stock was sold to pay in par
for 298 miles of new road, equipments and improvements. V. 72, p.
437, 935; V. 74, p. 378. In Oct., 1902, the rate of dividend on common was increased to 7 per cent.
The funded debt was increased during the year 1901-02 by the issue
of $193,000 of general mortgage bonds and was decreased $2,338,000 by underlying bonds retired and canceled; of the latter $2,024,000 were converted Into preferred stock. Of the funded debt there
was in the treas ury June 30, 1902, $5,011,000 (against $4,883,000
June 30, 1901), of which $3,763,000 was general mortgage 31^8 and
$159,000 gen. M. 48. During 1900-01 $4,000,000 of the general 3^28
held in the treasury and $100,000 general 43 were sold. V. 71, p.
1119; V. 73, p. 563.
Average freight train-load in 1901-02 was 254 tons; rate per ton per
mlle,0-8'40o.; In 1900-1 tram load. 236 tons; rate per ton per m.O-861o.
Earnings.— 8 mos ) 1902-3. ..Gross, $32,0h7,472; net, $11,680,142
July 1 to Feb. 28.
(1901-2... Gross, 31,076,731; net, 11,140,624
Annual Report.— Fiscal year ends June 30. Annual meeting Is
held in September. Report for 1901-02 was given at length in V. 75, p.
547,556. See also editorial, p. 524. In 1901-02 of 19,885,573 tons of
freight carried, grain furnished 23 p. c; other agricultural products,
2 p. c; coal and coke, 13 p. c; lumber, 9 p. c; other forest products.
9 p. c, and miscellaneous, 44 p. c.
1899-00.
1901-02.
1900-01.
6.347
6.512
Aver. mUes operated June 30..
6,604
$7,698,514
$7,939,216
Passenger earnings
$8,918,966
31,220,217
39.516,812
31,357,992
Freight earnings
2,965.961
3,177.346
3,071,804
Mail, express, Ac, earns
1
—
,
$45,613,124 $42,369,012 $41,884,692
$7,503,380
$6,505,864
$7,219,136
3,048,667
3,024,725
3,363,596
12,761,567
13,932,064
Tran8portation,gen. exp., etc.. 14,881,635
1,322,047
1,403,643
1,400,161
Taxes
1,550,000
1,185,000
Renewal account
2,475,000
1,475,305
1,111,256
Additional equipment.
759,871
814.951
857.367
MisceUaneous
Totalexpenses
$30,196,895 $27,977,5o3 $28,420,837
Totaleamlngs
Maintenance of way
Maint. cars and engines
$14,391,509 $13,463,856
144,756
174,683
$15,850..'>44 $14,666,192 $13,608,611
6,633,170
6,383,035
6,210.086
$t),975,44l
3,183,157
$9,640,458
(7) $4,072,873 (6)$3,089,912 (.5)$2,357.105
7) 3,235,288 ( 7) 2.998.181 (7 ) 2,686.610
$1,931,726
$2,095,064
Balance, surplus
$2,332,297
Officers.— Chairman, Roswell Miller, 30 Broad Street, New York;
President, Albert J. Earling, Chicago; Treasurer, F. G. Ranney,
Chicago; Secretary, deceased, Milwaukee.
Net earnings
Other Income
Total net Income
Interest on debt, etc
Balance for dividends
Dlv. on common
Div. on pref
$15,416,229
434,315
(
DirectorK.— Roswell Miller, New York; A. J. BarllDg, Chicago; Frederic
Layton. Milwaukee: J. Oftden Armour, ChicaBo; Frank S. Bond, JoseuU Millbank, William Rockefeller, Peter Oeddes, August Belmont, Samuel Spencer.
James 11. Smith, Charles W. Harkness, Henry H. Roijers New York.
Executive Committee.— Koswell Miller, A. J. Earling, Peter Geddea. William
Rockefeller, Samuel 8pencer.
New York Office- 30 Broad St.— (V. 75, p. 1398; V. 76, p. 101, 541.)
Cblcaso
Chicago
North. Pacltic RR.—Chicago Terminal Transfer RR
rSe« Jfap.>— Operates an Im& North Western Ry.—
Chicago, IlL, with Omaha, Neb., St.
dc
portant system of roads uniting
Paul Minn., with the great wheat belts of Dakota, Nebraska, etc., and
with the mining regions of Michigan and the Black Hills, including-
mVESTOES' SUPPLEMENT.
38
LXXVI.
[Vol.
OR DIVIDENDS.
Miles Date Size, or
pal.When Due.
Amoxint
of
Par
Rate
When
per
Where Payable, and by 5<ocfc»—Last
for explanation of column headings, Ac, see notes of
Outstanding
Road. Bonds Value.
Cent.
Payable
on first page of tables.
Whom.
Dividend.
Chicago «fe Iforth Weatern— (Oonnnued) —
Winona <fe 8t. Peter ^u uiwi i. (now 1st) assumed.
1st mort. ext., gold, land grant, s. I., ass'd.o.F*^
Plalnvlew RR. and Minn. Val. Ist mortgages
Rooh. &No. Minn. 1st mort., guar, (assumed)
Dak. C. Ist M., gu. (Watert'n to Redtleld, S. D.)F
Dab.C.lstM.on8o'ea8tDiv.(toIIawarden) gu.Un
Menominee River 1st M., two series (assumed) -F
Mil. & Mad. Ist M., Mil. to Madison (assumed) Fo*
Chicago & Tomah 1st mort., guar, (assumed). F )
.Fj
Chicago Milwaukee & N. W. construe, do
De8Molne8(feMlnn.lstM.,DesM.toJewellJc.F<fec.
Ottum.C.F.<fe St.P.lstM. ($25,000 p.m.), gu.Un.O*
No. m. Ist M. ($20,000 p. mile), assumed Un.o*
Mil. L. 8h. & W., Consol. M. (now let) gold.Ce.C"
Mloh. Dlv. Ist mort. (for $3,000,000), g..Ce.c'
Ce.o*
Ashland Division Ist mortgage, gold
Deben. (see text) see. by mort of '89, g.-.Ce.c"
Ext.<fe Imp.M.for $5,000,000,g., s.f not dr.Ce.o*
r
Income bonds (not cum.)
.
Marsh. Ex.lstM.$600,000($15,000 p.m.). Un.c*
O.&N.W.s.f.bd8of79($15,000p.m.)r'd.atl05.Fc<fcr
o*<fcr
SlnMng fund debentures. 1933
c*<fcr
25-year debentures
o*<fer
Chicago <fe No. W 30-year deb
Exten. 4s. $20,000,000 ($20,000 p. m.).tJn.c<fcr
$165,000,000.Utt;
-0*(fer
Gen'l gold bond, mort.,
Boyer Val. Ry., 1st M., /., $16,000 per m.F.c*&r
F.o*<fcr
M.,
per
m.
Minn. & la. Ry., 1st
g., $16,000
Mankato <fe New Ulm, 1st M., g., $416,000. F.o'&r
Southern Iowa, 1st mort.. $1,120,000, g.
o*&r
T Coupon interest M. N.; registered Q. F.
Cn
Un
Un
F
&
Ohlcaso
&
24
71
125
31 '76-'80 .
1,000
82 1880
152 51880
U882
57 1882
1,000
64 1884
1,000
76 1885
1,000
413 1881
1,000
82 1884
1,000
40 1885
1,000
693 1887
1,000
693 1889
1,000
1881
1,000
40 1892
1,000
1,041 1879 l.OOO&o
1891 l,000&o
> __
1884 l,000<fec
1891 l,000&c
* ~>
1886 l,000&o
1897 l,000&c
90 1898 l,000&o
119 1899 1,000&C
26 1899
1,000
56 1900 l,000&o
7,205
& Western
Paul Eastern Grand Trunk
16
Ceased)
Peoria & Pekln
Un .Qeased)
Milei.
2d track
797
—
Large interest owned
Chicago St. Paul Minneapolis
& Omaha
1,606
60
2
During the fiscal year 1901-02
223 miles were completed and
Total June 1, 1902
7,283 added to the road proper.
During the fiscal year 1901-02 223 miles were completed and added
to the road proper.
Branch from Evan. .Tct..Minn.,to Marshall, 47 miles, was opened in
Aug. 1902. In June, 1902, extensions from Nelson, 111., to Janesvllle,
Wis., about 100 miles, and Verdigris. Neb., to Fairfax, 8. D., 70 miles
(the latter Frem. Elk. & M. Val., of which 60 miles operated in Dec,
1902), were under construction.
HiSTORT, &c.— A Vanderbilt line (V. 75, p. 1086) organized in 1859.
In December, 1882, a controlling interest was acquired In the stock ot
the Chicago St. Paul Minneapolis & Omaha Co. which see.
In July, 1884, the capital stock of the FreoQont Elkhom <fe Mo.
Valley was acquired, and in Jan., 1902, the road was about to be
absorbed. Its securities, except those held bv Chic. & N. W.. are in
table above. V. 75, p. 1085. On June 30, 1901, purchased Sioux
City & Pacific RR. at Government sale. V. 72, p. 721, 1236; V. 73,
.
,
p. 444; V. 75. p. 446.)
In December, 1891, the Milwaukee Lake Shore & Western RR. was
bought by an exchange of stock. See V. 57, p. 375; V, 56, p. 792.
In 1900 various proprietary roads were purchased and In 1900
to 1902 others built in the Interest of the C. & N. W. were absorbed.
V. 71. p. 291. 294; V. 73, p. 294, 1010; V. 75, p. 446.
In Feb., 1903, it was voted to lease and then merge the controlled
Fremont Elkhorn <fc Missouri VaUey RR. V. 76, p. 381.
Capital Stock.—Of the common stock $2,333,688, and preferred
$3,835 remained In the co's treasury In June, 1902. Pref. stock has a
prior right to 7 p. c; then common 7 p. c; then preferred 3 per cent;
then common 3 per cent: then both classes share.
The stockholders voted on February 10, 1903, to increase the
authorized common stock from $41,448,366 to $77,601,045 (making
the entire stock $100,000,000). See General Finances below. V.76,
p. 1085, 1146.
The consolidated sinking fund bonds of 1915 have voting power.
DrvTD.— '84. '85. '86to'93. '94. '95. '96to'99.
Common.. 7 6^3 6 yearly 3 4 5 yearly
'00. '01.
6
6
1902. 1903.
7 Jan.,3'«
Below. Below.
Preferred. 8 7^
7 yearly
In 1902, on common, Jan., 3 p. c July, 3 p. o. and 1 p. o. extra. In
1903, Jan.. 313 p. 0. on preferred, Jan., 1% p. c; AprU, 1% p. c, July,
1 % p. 0. and 1 p. c. extra; Qct. 2 p. c. in 1 903. J an. 2 p. c. Apr. 2 p. c.
The extra dividends of 1 p o. each on the stocks in July, 1902, increased the rate for the fiscal year 1901-2 to 7 and 8 p. 0. on the common and preferred stocks, respectively. V. 74, p. 1194.
Bonds.— Generaf Mortgage.— See Abstract In V. 65, p. 1175.
The authorized issue is $165,000,000(United States Trust Co., trustee)
$131,645,000 were reserved to retire underlying bonds, and remainder
tor additions and Improvements, $4,000,000 at once and $1,000,000
a year thereafter. V. 65, p. 1070. V. 65, p. 69, 111, 571 V.75, p.980.
The sinking fund bonds of 1879 are secured by deposit In trust
of $15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most important being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $6,069,000 are 6s;
the sinking fund is at least 1 per cent of outstanding bonds, which
»re subject to call at 105; and through Its oi)eration the amount
ontstandlng has been reduced from $15,000,000 to the figure in table.
The sinking fund debentures of 1933 have a sinking fund of $200,000
Ser year. If they can be redeemed at 105. See description of all the
ebentures on page 2, Supplement of April, 1895.
The extension bonds of 1886 are secured by deposit In trust of first
mortgage bonds at a rate not exceeding $20,000 per mile. Included in
the collateral June 1, 1902, were $10,075,000 Fremont Elk Horn & Mo.
Valley lets and $2,560,000 Ists Wyoming Central Ists [consolidated
With F. E. & M. v.], etc. See F. E. A M. V. bonds below.
The Fremont Elkhom «fi Missouri Valley consols have a first lien on
1,170 miles (Fremont. Neb., to Deadwood, D. T., 557 miles, and
branches to Hastings, Albion, &o., 613 miles), but besides the amount
of issue given as outstanding In the table $10,675,000 are held as part
collateral for (Thicago & Northwestern extension bonds of 1886.
The Boyer Valley Minnesota <fc Iowa, Boone Connty Mankato & New
Ulm, Minnesoi a <fe South Dakota and Iowa Minnesota & Northwestern
bonds were assumed in .June 1900, t)ie roads being absorbed upon
•ompletlon; also In 1901 the Southern Iowa the Peoria & Northwestern and the Princeton & Northwestern and the Sioux City «fe Pacific
(Bee description of its bonds V. 73, p. 444. 1159). See V. 71, p. 28,
291, 294, 340; V. 73, p. 294, 1010.
General Finances.- Thefirstlssue of ($20,538,000) refunding bonds
at 3i« per cent interest was sold to provide for $18,187,000 old bonds
maturing up to Dec. 1, 1902, reducing interest cliargo ahout $530,000.
See "b. nds" above and V. 65, p. 69, 111 V 76, p. 157.
Stockholders in Feb., 1903, subscribed to $9,226,110 new oomnion
stock at par to the extent of 15 p. c. of their holdings, raising the
amount outstanding to $48,340,710. V. 75, p. J 085, 114v
;
,
;
,
;
;
;
7
,
& N.
& D.
Seml-an
M. & S.
M. & S.
M. & N.
J. & J.
M. & S.
M. & N.
M. & N.
F. & A.
M. & S.
M. & S.
M, «& N.
J. & J.
M. & S.
F. & A.
F. & A.
M. & N.
A. & O.
A. & O.
M. & N.
M. & N.
M.
N. Y.,Co. '80fflce,52Wall Nov, 1,
J.
7
'
Miles.
Princeton
St.
1867 $1,000 $1,592,000
1871 100 &o. k 4,038,500
1878
250,000
1878
200.000
1882
a 1,007,000
1882
2,000,000
139
184
Nortb ITestern Ry.— (Concluded.)
Road otoned in fee—
Main lines, etc
Entire stock owned—
Sojwig— Prinoi-
INTEREST
RAILROADS.
6
6
7
6
6
6
7
5
5
560,000
1,600,000
1,528,000
6 601,000
600,000
1,600,000
1,500,000
5,000,000
1,281,000
1,000,000
6g.
^«6g.
436,000
4,148,000
500,000
400.000
12,590,000
9,800,000
f 5,369,000
ff 9,819,000
1117489,000
20,538,000
3 ,440,000
1,904,000
'416,000
%'5
5
&6
5
5
5
4
F15&A.
J.
31a g.
J.
3i«g.
3i2g.
N'neJune'02
A15&0
3i2g.
3l3g.
A.
M.
&
&
&
&
D.
D.
O.
8.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
ao
do
do
do
do
do
Deo.
1,
1907
1916
1908
1908
1907
Nov. 1, 1907
July 1, 1906
Sept. 1, 1905
Nov. 1, 1905
Nov. 1, 1906
Feb. 1, 1907
Moh. 1, 1900
Moh. 1, 1910
May 1, 1921
July 1, 1924
Moh. 1, 1925
Feb. 1, 1907
Feb. 1, 1929
May 1, 1911
Oct 1, 1922
Oct. 1, 1929
May 1, 1933
Nov. 1. 1909
Apr. 15, 1921
Aug. 15, 1926
Nov. 1, 1987
Deo. 1, 1923
June 1, 1924
Oct. 1, 1929
Sept. 1, 1925
Sept. 1,
Sept. 1,
In 1901-02 the average freight train load was 243 tons, agalnat
232 tons In 1900-01; rate per ton per mile, 0-81 of a cent.
Earnings.- For 2 mos. ending Feb. 28. gross, $7,043,445 In 1903,
against $6,853,467 in 1902. For calendar year. V. 76, p. 292.
Ba'.,8ur.
Year—
Gross.
Net.
Oh.nrges (net), Dividendt.
1902.. $48,026,708 $16,171,643 $5,766,640 $4,837,005 $5,567,998
6,833,165
1901.. 45,916,020 16,789,968
3,914,394
6,042,409
Annual Report.— Fiscal year ends May 31. The annual meeting 1b
held the Hrst Thursday In June.
The report for 1901-02 was given
at length 1 n V. 75. p. 438, 444. See also editorial, p. 418.
Of the freight carried In 1900-1 (total 25,527,575 tons), ores furnished 23 per cent; lumber and logs, 15 per cent; grain, fiour and mill
Btufls, 13 per cent; other agricultural and dairy products, 3 per cent;
coal and coke, 15 per cent; metals and machinery, 5 per cent: stone.
Band, brick, etc., 5 per cent; live stock, 4 per cent; miaceL, 17 p. c.
CHICAGO & northwestern PROPER
1899.
1900
1902.
1901.
Year ending May ZX.
5,077
Average miles oper..
5.507
5,218
5.760
Passenger earns
$10,886„139 $9,718,191 $9,002,688 $8,067,627
Freight;
33,436,892 31,864,945 32,008,684 28,155,677
Mall, express, &o....
2,321,091
2,015,451
1,939,433
1,793,010
Total earnings.. .$46,644,122 $43,098,587 $42,950,805 $38,016,314
Oper. exp. & taxes.. $30,005,643 $27,229,998 $26,994,013 $24,828,714
Neteamines
$16,638,479 $15,868,589 $15,956,792 $13,187,599
(65-31)
(63-18)
(62-85)
exp. to earnings (6433)
Total net receipts.... $17,215,559 $16,445,669 $16,486,582 $13,731,577
Net Int. on debt
$6,406,038 $6,324,752 $6,069,384 $6,232,235
340,745
355,640
234,695
299,630
Sinking fund, etc....
Dlv. on common
(7)2,737,868(6)2,346,744(6)2,346,744(5)1,955,620
Dlv. on preferred... (8)1,791,598 (7)1,567,650 (7) 1,567,650 (7)1,567,650
4,542,041
4,169,526
Real est., const., &o.. 4.697,055
Balance, surplus.... $1,348,305 $1,737;367 $1,605,121 $3,635,366
P.
o.
FREMONT ELKHORN A MISSOURI VALLET (OPERATED SEPARATELY).
1900.
1899.
1902.
1901.
Yr.end. May 31.
Grosseamings
Net earnings
$4,589,449 $4,287,806 $4,121,458 $3,885,489
$1,377,065 $1,307,781 $1,246,124 $1,274,687
1,021,391 1,020,879
1,043,009
1,021.945
Total charges
Balance
8r.$334,056 sur.285,836 Br.$224,733sr.$253,808
Officers.— President, Marvin Hughltt. Chicago; Vice-President and
Secretary, E. E. Osborn, 52 Wall St.. New York 2d Vice-President,
M. M. Kirkman, Chicago ; Treas. and Asst. Sec , S. O. Howe, New York.
Directors.— W. K. Vanderbilt, F. W. Vanderbilt, H. McK. Twombly, Samuel
F. Barker, Ohauncey M. Depew. James StUlman, James C. Fargo, Frank Work,
N. v.; Albert Keeo, Luke Geiieva. Wis.; Marvin Huiihilt, N. K. Falrbank, Brron
L. Smith, Cvrus H. McCormick, Marshall Field. Chicago; H. C. Frick, Pittsburg,
Pa.: David P. Kimball, Oliver Ames, Boston; Zenas Crane, Dalton, Mass.
—(V. 75, p. 1301; V. 76, p. 47, 157, 330, 381, 541, 704.)
;
&
St. liOals Ry.— Road.— Owns from Pekln
Chicago Peoria
to Granite City, 111., 180 nules; Madison to Bridge June, 3 m.;
Havana to Jacksonville. 111. ,42 m.; branch, Lockhaven to Grafton, 8 m.;
total owned, 233 m.; trackage, Pekln to Peoria, 10 m.; Granite City,
HI., to Merchants' Jimction, 3 m.; InSpringfleld, l^am.: Madison, IlL,
Madito St. Louis Station, 7^2 miles. Owns and operates Litchfield
St, L. Jot, to
son Ry., Litchfield Jet. to Mfedlson, 44 m.; trackage, J.
Litchfield, 1 m.; total 300 miles.
Reorganization of Chicago Peoria & 8t L. RR.and St L. Chic. & St.
Paul Ry., sold In foreclosure Jan. 8, 1900, per plan in vol. 68, p. 722.
(City Trust Co. of N. Y.,
Bonds.— Of the $2,000,000 prior lien
trustee), $575,000 are reserved for future extensions, improvements,
etc. Stock, com., $3,600,000; pref., $3,750,000.
Secdrities. Etc.— In Oct., 1902, aU'the common stock of
both roads, 83 per cent of the preferred stock, 87 per cent of the O. P.
&St. L. Incomes and 82 per cent of the L.<fc M. incomes had been deposited under this agreement in trust with a security holders' committee
(Thos. Carmiohael, 27 Pine St., Chairman), with authority to sell
the same on OT before Aug. 1,1904, at prices therein named. See V.
73, p. 183. For 2 months ending Aug. 31, 1902, gross, $266,242
against $232,767 in 1901.
Report for year to June 30, 1902, in V. 76, p. 431, showing gross,
$l,4ti2.775; net, $220,951; other income. $26,837; fixed charges, $234,046; bal., sur., $13,742. President, Charles E. KimbaU, New York;
Secretary and Treasurer, Ralph Blaisdell, Springfield. 111.; Asst Sec
and Asst. Treas., T. C. WeUman, New York.— (V. 76, p. 431.)
iHlaiid Sc Pacific Kallroad.— Incorporated In
Cliloaso
lowaon July 31, 1902, as an operating company, per plau V. 75, p.
239, to take over thf Chic. B. I. & Pac. Railway. Tiie entire capital
stock ($125,000,000) Is owned by the Rock Island (holding) Company,
but Its bonds (see above) are held by the public.
BoND8.—Thecol]ateral trust 48 of 1902 (authorized Issue $75,000,000) are se< ured by a pledge with the trustee of an equal amount
of the stock of the 0. R. I. <fe P. Railtcai/ as acqiUred. In April, 1903»
$69,155,000 of the $75,000,000 Uailvoay stock had been acquired.
V. 75, p. 239, 1031.-(V. 75, p. 1363; V. 76, p. 330. 541, 751.)
Patlilc Kj.— (See Map Rock J stand Co.
Cblca^o Rock iMlaiid
pages 1)2 and 113.>— The system extends from Chicago, 111., vUt
Omaha, Neb., to Denver and Colorado Springs, Col., and via Kansas
&
&
ma
New
Kock
&
I
April, 1903.]
JRAILEOAD STOCKS
AND BONDS.
40
INVESTORS' SUPPLEMENT.
RAILROADS.
For explanation of column IieadlngB,
on first page of tables.
Chicago
& North
Miles
Date
Size, or
of
of
Par
&o., see notes
Road. Bonds Value.
Western f Concluded). —
,
. .
Iowa Minnesota
<fe Northwestern Ist M., g.F.o*<fcr
Frem. Elk. & M. V. cons. M. $25,000 p. m., assumed 1,170
Chic.Peo.a St.L.—Ve. lien M., g., call at lu7i«.Cl.c' 230
230
Consol. M., $2,000,000, g., called at 105. Col. .c*
Income M., g. (text) non-cum called at par. EC 230
44
Lltch <feMad. (Inc.) M. (text) 5%, non-ciim
CI
Ch.lt.I.diPae.JtR.—Co\.tM.,^75.000.000.*'eo*&T
* >
,
Chicauo Mock I.sld.tHiPac.—Stoc^ ($75,000,000)..
1st M., Chic, lU., to CouncU Bluffs &br'ches.irs.c*
736
General mortgage, $100,000,000, gold...Ce.c*&r 3,128
;
Col. tr. M.,g., Ser.B to P, dueyrly.red.lOlia.Ce.c*
Chicago
ChieaQo
St.
....
New OrUang—See IhU Cente
faul Minn. & Omaha— Com. stock..
Loutg
dk
....
21
12
177
607
80
37
Chlo.Term.Tran8f.lstM.,g.,$16,500,OOOU8.c*<fcr
gi
Chicago <C Western Indiana Stock (see text)
General M., gold, sink, fund, subj. to call 105. .o*
48
Consol. mortgage, $50,000,000, gold i C.
o*
---.
In addition the sinking fund June 1, 1902, held, a
$10,000 on hand); g., $181,000; h, $1,143,'000; k
—
New Mex.. there
& Coal
100
100
••
,
connecting with the lines
Co. and forming with them and the
Southern Pacific a through line to the Paoltic coast; also from Taoumcarl, N. M., to Memphis, Tenn., and to Fort Worth. Tex., on the south,
and on the north to Minneapolis, Minn, and Watertown, S. Dak., with
numerous branches, viz. (see V. 75, p. 1156; V. 76, p. 751.)
Miles.
Oonlrolled Qper. Separately—
jjtnes owned
Miles.
Chlo.,m.,toCouncUBluff8,Ia. 500
Gulf. Tex.—
Davenp't,Ia.,to Atch'n, Kan. 341 Chicago R. I.
494
Okla. lino to AmariUo, Tex. 130
Elwood to Texhoma, O. T
Texhoma, O. T., to Tex.—
Hertngton,K:an.,toTerral,I.T. 349
N. M.line
92
Horton, K an. to Ro8well,Col. 569
109
Terral to Ft. Worth, etc... 123
Gtowrie to Sibley, la
956 Ch. R. I & El Paso, TexasBranches
New Mexico State line to
Total owned Nov. 1, 1902.. 3,318
Santa Rosa, N.
Ill
Leased, etc.— (^Whlch see.)
Trackage to Kansas City,
Ry.
—
—
Cent.
18,558,953 See text,
11,259,912 7 in 1902
1878 500 &0.
334,800
7
1878 500 &e.
125,000
8
1878 500 Ac
1,907,000
6g.
1879
1,000
6,070,000
6g.
1880
1,000
701,000
6
1890
1,000
350,000
5
1880
1,000
14,005,000
6
1880
1,000
2,000,000
3>fl
1,00(>
394,000
1886
%''
650,000
i",obo
13,635,000
1897
4 g.
10()
5,000,000
6
82-92
1,000
9,835,666
6 g.
1902
1.000
4 g.
4,000,000
.$58,OOU; b, $172,500; c, $150,500:
$202,500.
IT Coupon lut. M. & N.;
•
,
New Mexico
Outstanding
Whom.
Payable
Dividend.
.
No.Wls.lstM. LakeSt.C.ton'r8poonera88'd.Ce.c'
Sault Ste. Marie <te South west'n 1st M., assumed.c
C.8tP.M.&O.M.,$30,000,000 ($15,000 p.m)€e.O'
Consols interest reduced...
do
do
Chic. Term'l Tr. iZii.—Ch.&Gt.W.,lst M., g.,a88'd.o*
City of Chicago purchase money mort., assumed
of the
iSontLs — iTinol
INTEREST OR DIVIDENDS.
pal,When Due.
Rate per When WTiere Payable, and by Stocks— L,ast
Amount
AL.
St.
Pref. stock, non-cum., including scrip (see text)
St. Paul Stmwater & Taylors' FaUs Ist mort. ...c
Hud. <fe River Falls Ist M., Hudson to River Falls.
Ch.8t. P.&Minn.lstM,,g.,ElroytoL.8t.C.ass'd.o*
St. P. & Sioux City, Ist M., g.. $10,000p.m..Ce.c
City, Mo., to Santa Roaa,
LXXVI.
1901 l.OOO&c $1,940,000
3>«g.
J. & J. New York, 52 Wall St.
Jan. 1. 1926
3i2*r.
1901 l,000«&o
2,125,000
M. & S.
do
do
Moh. 1, 1926
3i2g.
1901 1,000&0
4,000,000
F. <te A.
do
do
Aug 1, 1936
96,f>00
100
7
A. & O
do
do
Apr. 1, '03, 3i«
1900
1,000
528,000
J.
<te
J.
do
do
31a g.
Jan. 1, 1935
1900 1,000&0
3,900,000
J. & J.
do
do
31a g.
Jan. 1, 1935
1883
1,000
7,725,000
6
A. & O.
do
do
Oct. 1, 1933
1900
4iag, M. & S.
1,000
1,425,000
N.Y. office, 27 Pine.
Mch. 1, 1930
1900
1,000
2,000,000
5 g. J. & J.
do
do
July 1, 1930
1900
1,000
2,000,000 Up to 5 p er cent when earned.
July 1, 1930
1900
500
500,000 Up to 5 p er cent when earned.
July 1. 1930
1902 1,000&0 69,155,000
4 g. M. & N. N. y., First Nat. Bk.
Nov. 1. 2002
100
75,000,000 See text. Quar. New York and Chicago. Jan., '03, 414
1877 1,000*0 12,500,000
6
J. <fe J.
N.Y., First Nat. Bk.
July 1, 1917
1898 l,000<fec 60,581,000
do
do
4g. J. & .1.
Jan. 1, 1988
1902
1,000
22,095,000
New York.
May, 1904-18
4 g. M. & N.
105
85
125
6
33
195
Princeton <fe North., Ist M., $2,100,000, g.F.c*Ar
Peoria & Nortliw Ist IL, $2,125,000, s-F .c*&r
Sioux City & Pac., 1st M., g., $4,000,000 F .o*&r
Sioux City & Pac, pref. stock (Ist M. on ti m.)
Minn. A So. Dakota, let M., gold, $528,000. F..c*
[Vol.
&
F.
F.
J.
J.
M.
A.
J.
M.
J.
J.
J.
&
A. N.Y.,Offlce,52 WallSt. Feb. 19, '03 3
A.
do
do
Feb.l9,'03,3ifl
J.
do
do
Jan. 1, 1908
&
&
J.
<fe
&
&
&
&
N.
O.
J.
N.
D.
D.
&
&
&
&
&
do
do
do
do
do
do
do
do
do
do
do
do
July
1,
May
Apr.
Jan.
1,,
1,
1,
_,
1,
1,
1,
1,
1,
Nov.
June
June
D. N. Y., Mercantile Trust. June
1908
1918
1919
1930
1916
1930
If 30
1936
1938
1947
To City of Chicago.
May
N. Y., Mercantile Trust. July
Chicago.
Q.-J.
Apr. 1, '03, 11*
Q.-M. N.Y.,J.P.Morsran&r:o. Dec 1,
^, 1932
J. & J. lU.Tr.&S.Bk.Chic&NY Jnly 1. 1952
d, $135,000; «, $149,000; f.,
... $521,000
,_„„ (and
,„
* In sink, funds June 1, 1902.
F.
reg. Q
M.
J.
N.
J.
For 6 mos. ending Deo. 31. 1902, net. $8,452,206; other Income,
$773,273; charges, $3,915,098 dividends, 51* percent, including the
3 per cent "advance payment on account of coming year" on Jan. 3,
1903, $4,370,400; bal., sur., $939,981.
ANNUAL Report.— Report for 1901-02 at length was In V. 74, p.
1193, 1201; see also editorial, p. 1167.
Year ending March, 31—
1902.
1901.
1900.
MUes operated
3,975
3,819
3,647
Passenger earnings
$8,030,164
$6,400,014
$5,541,037
Freight
19,061,857
17,730,398
15,881,092
MaU, express, rentals, etc
1,293,825
1,234,283
1,228,475
;
,
M
Peoria
& Bureau Valley
IT
47
162
Keokuk & Des Moines
IT
Des Moines & Fort Dodge.. IT 144
Burl. Ced. Rap. & Nor
111,367
120
Rock Island & Peoria
TF
Choctaw Oklahoma & Gulf 111,076
No. Topeka, Kan., Denver,
Col., Pueblo, Col., etc
338
Total lines Nov., 1902. ..7,033
JJnder construction
St. Louis Kans. City & Col...ir294
—
Other mileage
730
Gross earnings
$28,385,846
$10,131,121
12,000
986,849
$25,364,695
$8,199,602
7,500
693,879
$22,650,604
$7,668,153
3,000
698,440
Missouri River bridges
$11,079,970
$756,954
2,951,322
150,751
$8.369,59a
$717,417
3,055,313
134,802
Dividends
(4)2,247,900
$8,900,981
$747,227
2,911,980
144,756
(4) 1,999,692
Net earnings
Prom land department
Income from loans, eto
Total income
Rent leased roads
Interest on debt
Balance
N. Y.
Total system Nov., 1902, tnol. projected mileage, etc. (about). 8,057
In April, 1 902, the greater part of the stock of the Choctaw Oklahoma
& Gulf RK., including Choctaw & Northern, etc., 1,076 miles
all,
was acquired. See below; also that company and V. 74, p. 775, 1354.
In 1902, also, most of the outstanding stock of the Burlington Cedar
Rapids & Northern and Rock Island & Peoria (which see) were acquired, and their roads leased from June 1. V. 74, p. 1194, 1250.
As to Des Moines & Fort Dodge RR., see V. 74, p. 1037
In April, 1902, purchased aU the stock and bonds ol the St. Louis
Kansas City & Colorado, St. Louis to Belle, Mo., and building westerly
to Kansas City, thus forming when completed a line into Sr. Louis for
the Rock Island, 294 miles. V. 75, p. 665. See K. C. & Col., V. 76. p.
m
158.
Other proposed extensions include one from Fort Worth to Houston,
Tex., 265 miles; AmarlUo, Tex., to Tecumcari, N. M., 125 miles; Ardmore, I. T.. to Dallas, Tex., upwards of 200 miles in Oklahoma, etc.;
V. 75, p. 1156. See also V. 75, p. 1398. Extension from Lawton, O. T.,
to Waurika, 41 miles, was opened December, 1902.
H18TOKY.—The present Chicago Rock Island & Pacific was a oonolidatlon June 2, 1880. with $50,000,000 stock authorized.
In Apr., 1903. $69,155,000 of the $75,000,000 capital stock was deposited per plan V. 75, p. 239, each $100 stock being exchanged for the
following securit es: $100 in 100-year 4 p. c. gold bonds of the Cliio. R. I.
& Pac iJ«i/?o«d (of Iowa), the new operating company, and $70 preferred and *100 common stock of the "Rock Isl'd Company" (of New
Jersey), which owns the entire capit-il stock of the Rauroad company.
See also statements of those companies in this Supplement.
Stock.-In July, 1901, stockholders subscribed to $10,000,000
additional stock, raising the amount to $60,000,000. See below. In
1902 the stock was increased to $75,000,000 by sale of $«,235.S00
at par to shareholders the issue of $5,884,000 takes up Burl. Ced. Rap.
<k Nor. and Rock Island & Peoria minority stock of $2,000,000 to purchase the St. Louis Kan. City & Colorado Ry., and by sale of $880,500.
V. 74, p. 1194; V. 75, p. 28.
>'92&'93 '94 '95 '96 '97 '98 '99 to '02. 1903.
Dividends
since '90. t^.ot
4
313 2
2 21^412 5 yearly. Below.
S
In Jan., 1903, 414 per cent was paid, viz.:
p. c. regular quarterly
dividend and 3p c. as an "advance payment of part of dividends
for coming yea"*."
In 1898 10 per cent was paid in stock to represent earnings expended
for extensions, etc., in 1880-85. (V. 68, p. 1136.)
BONJS.— The refunding mortgage is for $100,000,000; $5,500,000
will be available after 1902 at $18,000 per mile, to retire bonds on
lines purchased, ana remainder are issuable at not over $1,000,000
per annum for permanent improvements and additions, including
equipment. See Mortgage A butract In V. 66, p. 522.
Th« collateral trust gold 48 of 1902 ($24,000,000 authorized) are
secured by deposit of all except $393,900 stock of the Choctaw Oklahoma <te Gulf RR. (see that company), the balance uuisRued being reserved for issue at OO^s for the actual cost of the remaining Choctaw
stock at not over $60 per $50 share for the preferred and $80 per $50
share for the common. V. 74, p. 775, 829, 936, 1356.
General Finances.— In July, 1902, stockholders subscribed at
par to $8,235,000 new stock, to construct or purchase new road, including a line between Fort Worth and Galveston, 296 miles, portions
of line between Fort Worth and Kansas City, and from AmariUo,
Tex., to a point on the line between Liberal, Kan., and El Paso, Tex.;
also for second track, improvements and equipment. V. 72, p. 1135;
V. 73, p 184; V. 75, p. 28. In July, 1902, $58,581,000 new ereneral 48
had been listed. As to purchase in 1902 of Choctaw Oklahoma <&
Gulf, see bonds above.
m
mo^!juTy^l7oTeb!"28^
\
1902-3.GroBB, $31,077,203; net, $11,785,038
(4)1,999,586
$4,973,043
$3,097,326
$2,462,47&
71 Broadway.— (V. 76, p. 47, 101, 381, 751.)
St. Panl ininneapolis 6c Omaba 'Ry,—(See Map Ohi-
office,
Chicago
—
—
cago dt North Western.)— "Road. Main Une Elroy, Wis., to Omaha, Neb.,
593 miles other lines, 1,064 m.; total, Jan. 1, 1903, 1,657 m., of which
1,588 are owned and 69 miles leased. V. 69, p. 1147. In Apr., 1901,
the (Jhlppewa Valley & Northwestern Ry. was Incorporated to construct a line from Rice Lake, Wis., northeast about 100 miles, of which
36 miles were operated in Jan.. 1903. Of the Eau Claire Chippewa
FaUs
Northeastern Ry., 28 miles from Chippewa Falls, Wis,, to Holcombe were operated. V. 76, p. 649.
History.—This was a consolidation July, 1880, of the Chicago St.
Paul & Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November, 1882, a controlling interest in the stock was purchased
lor the Chicago & North Western RaUway by the acquisition of 93,200
shares of common and 53,800 shares of preferred.
STOCK.—Authorized common, $21,403,293; preferred, $12,646,833,
Held by the company Dec. 31, 1902, conunon stock and scrip, $2,844,340 preferred stock and scrip, $1,386,921. Preferred stock has a prior
right to non-cumulative dividend of 7 per cent but common is never
to receive more than is paid on preferred.
1903
D1V8. since '89 >'90 '91 '92 '93 to '96 '97 '98 '99 '00 '01 '02
2 2 3*9 5
5 Below Feb., 3
Common, p.o.> .. .. .. None.
4 61a
7 per ann. (3ifl F&A.)
Pref p.
) 4
In Feb., 1902, annual dividend on common out of 1901 earnings, 5
p. 0.; Aug., semi-annual dividend, 3 p. c; in 1903, Feb., 3 p. o.
Bonds.—There are $75,000 Minneapolis Eastern Ist m. guar. 78
due Jan. 1, 1909; $1,500,000 Superior Short Line Ry. bonds are owned.
Chicago St. Paul & Minneapolis 1st 6s, due 1918, and North Wisconsin
Ist 6s, due 1930, are exchangeable at option of holder at any time,
doUar for doUar, for consol. 6s of 1880, due 1930. V. 68, p. 521. In
1903, $2,000,000 consols were sold, interest reduced to 313 per
cent. V. 76, p. 653, 704.
Lands.—Sales 1902, 31,035 acres, $123,656; unsold, 205,541 acres.
Latest Earnings.— From Jan. 1 to Feb. 28 (2 months), gross,
$1,795,875 in 1903; $1,773,230 In 1902.
ANNUAL Report.—Report for 1902 was in V. 76, p. 649.
1901.
1902,
1900.
Tear ending Dec. 31—
$11,907,525 $11,196,101 $10,342,000
Gross earnings
7,014,270
6,489,154
Operat'g expenses and taxes. 7,483.253
$4,424,272
$4,182,134
Net earnings
!ti3,a5i:,84«
111,876
109,7^5
110,243
Net rentals paid
1,343,097
Net int. on debt (less other inc.) 1,394,059
1,344,478
pref
stock
(7)787,976
(7)787,976
Dlv. on
(7)787,976
(5)927,750
Div. on com. stock
(6)1,113,300
(5)927,750
600.000
600,000
500,000
Appropriation for imp'ts
$413,52t>
$417,061
Surplus of RR. Co
$182,399
$110,906
$123,656
Net from land sales
$71,011
-(V. 73, p. 1159; V. 74. p. 627, 1250; V. 76, p. 649, b53, 704:^
Sontlieastern Ky.— See Central RR. of Indiana.—
Chicago
V. 76, p 653.
Property.— Consists of
Clilcago Terminal Transfer
passenger and freight terminals in city of Chicago, lines of railway leading thereto, and a belt line around the city. Company
owns 760 acres of land In and adjacent to the city, of which 50 acres
are in the centre of the business district; also Includes 7,500 feet of
dock property on Chicago Kiver. Nearly aU land, including that upon
wliioh tracks have been built, is owned in fee. Track owued, 90 miles;
leases from Chicago Junction Ry., 11 miles; trackage, 7 miles; total,
108 miles; 2d track, 54 m.; sidings. 111 m.; total all tracks. 273 miles
History.— A reorganization in June, 1897, of Chicago <te Northern
Pacific and Cliic.&CalumetTerm., planV. 64, p. 888, 898. In Feb.,
lOl, Harriman syndicate acquired control. V. 72, p. 24 1 580.
;
&
;
•
•
,
.
&
RR.—
,
RAILROAD STOCKS AND BONDS.
April. 1903. j
KAILROADB.
Miles
Date
iJNi'i<,KiiBl
Size, or
41
Oit UlVlUJliJMDft.
Par
ef
of
For explanation of column headings, &o., see notes
P^"- When Where Payable, and by
Oi^taSdine R*»«
outstauomg
Q^^^
Payable
Whom.
Road. Bonds Value.
on first page of tables.
Chicago <t West Afichigan—See Pbre Marq. RR.
Minnesota— BeQ Wisconsin C
Chicago Wisconsin
Choctaw dd Memphis— See Ohoc. Oklah. & Gdlf.
Choc. Oklah. <£ Gulf RB.— Com. stock. $10,000,000
Preferred stock, 5 per cent cumulative
General (now first) mort., $5,500,000, gold ...c*
Choc. & Mem. 1st M., $3,750,000, a8s'd.«P..c&r
L.Rook B'ge let M., ass'd, s.. red. (text)...*; P. o*
<£•
283
282
trusts, gold, $50,000 Oct. 1, yearly.-.GP.o*
8er. B, $70,000 s.a.toAug.'Oethen $".'^,000.GP
Ser. C, Apr., yearly, beginning 1903. GP.
White « Bl. Riv.Val., 1st M., g . int. gu., end.F.c*
....
.
••.
....
67
1894
1899
1899
1902
1900
1901
1902
1900
€in. Dayton c6 Ironton—See OiN. Ham. & Dayton.
Oxndnyiati Hamilton <£ Dayton Common stock....
Pref. stock, A & B, 4 p.o. cum., guar, (call at par)
do
"Eagle" 4 p.c. cum., guar, (call at par)
New preferred 5 per cent non-cum., $8,000,000.. "60
Consol. mort. (now Ist) $ & JB, sink. fund.. Us.c*
do
$376,000 are 5 p. o.o*
60
do
Second mortgage, gold
o*
69
gold
General mortgage, $7,800,000,
Me.c*
Cln. Dayton «fe Chicago, Ist mortgage
95
164
Cln. Day. Alron., Ist M.,g.,gu. (assumed).. Ce.o"
<Jin. Ind. <t W««<— Ind. Dec. & < not guar..Ce
W. 1st M. g., red. at 110 . \ guar. p. & 1. (end.)o, ^264
C.I.&W.lst&ref.M.,$8,200,000g.,gu.,p.<fcl.enNo.
....
—
.
Car trusts June 30, 1902
Equipment notes, maturing yearly
Cin, <& Ind. West.— 1st M., $600,000 call.text.OB.c*
Oincmnati Leba7ion <t Norlhem—l»t mortgage, o
• •
m.
Apr.30,'02,3%
5,500,000
3,525,000
1,000
1.000
1.000
375,000
5,062.000
200,000
790,000
1,540,000
500,000
1.(100
1,000
1,000
1,000
1,000
100
100
100
•
5
5
6
5
g.
g.
g-
5
413
ggg_
g.
5
g.
5
&
"
J.
J.
J.
"
Apr.30,'02,2ia
"
J.
J.
&
<fe
&
M.
.1.
Philadelphia, Pa.
A.
F.
A.
&
&
&
J.
&.
Office,
Chicago,
do
do
0. Phlla., Girard Trust Co.
do
A.
do
do
0.
do
J. N. Y., First Nat'l Bank.
N.
8,000,000
Cincinnati.
612,100 4 in 1902 q:^.
do
in
1902
462,4(0 4
!d.
do
in
6,925,500 5
1902
F.
do
927,000
A. & 0. N.Y.,Ke88ler&Co54Wal]
7
1,668,000
A. & 0.
5<fe6
do
do
4 lag. J. & .T.
2,000,000
do
do
3,000,000
J. & D. N.Y.,Blalr&Co.,33Wall
I'- A .— X N. Y. .Kessler&Co54Wall
1,200,000
3,500,000
5 g. M. & N.
do
do
2,215,000
5 g. J. & .T. N. Y., Central Trust Co.
933,000
5 g. J. & .T.
do
do
*1,800,000
4 g< J. <fe ,T. N. Y., No. Amer. Trust
185.000
5
F. & A.
New York.
M. & N.
244,000
4
do
do
600,000
5 g- J. & D. Bos. Old Colony Tr. Co.
5
M .r. Ciiin., Cen.Tr.&S.D.uo.
200,000
.1.
4 g- M. & N.
do
900,000
do
.
.
1875
1875
1887
1892
1892
1891
51895
(1895
1903
1898
1902
33 1902
38 1886
52 1902
lstcon.M.»l,500,00Og.ga.p.&i.en.(V75,D.1398)c
• $2,700.000 additional lnCin.Ham.& Oavton tre asnry.
iiobo
i.ooo
l.OOO
1,000
1,000
1,000
1,000
1,000
1,000
1.000
,
1,000
l,0O0
1,000
Tenants.— Bait. & Ohio, Cliloago Great Western, (Chicago Hammond
& Western, Suburban RR. Co. of Cliloago. In 1898-99 the St. Louis
Peoria & Northern Ry. Co. (see Chicago & Alton) contracted to be-
come a tenant under a 99-year lease, but subsequently Edward H.
Harrlman, Jacob H. SchUf, James Stillman and George J. Gould agreed
that on or before Jan. 1, 1904, "they wiU cause the Chicago & Alton
RR. Co., or some other corporation satisfactory to the Terminal Company as to responsibility, to become the successor to the St. Louis
Company as lessee under said lease of Oct. 1, 1898." V. 68. p. 1225;
V.69,p.7C3: V.71,p.652. OnDec. 29.1901. theLake Shore&Mich. So.,
Chic.R. I. & Pac andN. Y. Chic. & St. Louis began to use the terminals pending repairs to their old station. V. 73, p. 1111.
SEcnRiTiES.—S«oc/c—$13,000,000 common and $17,000,000 4 p. c.
non-cumulative pref. Bonds— Ot the $16,500,000 1st 4s, $1,305,000
are reserved to retire the assumed bonds; $1 ,295,000 for new property.
Latest Earnings- 8 mos. > 1902-3.Gros8, $1,156,883; net, $476,285
July 1 to Feb. 28.
1,068,860; net, 488,299
5 1901-2. Gross,
Report.— Report for year ending June 30, 1902, given in V. 75, pnet, after deducting' taxes, $632,984;
791, shows, gross, $1,831,118
bal., sur.. $35,384.
interest, $597,000
Sec and Asst.
Pres. and Gen. Mgr.. J. N. Faithorn, Chicago, 111.
Treas., W. T. Wiener, 2d, 30 Broad St.. N. Y.— (V. 75, p. 732, 791 .)
;
;
;
Cblcago Union Transfer Ry.— V.
Dividend.
do
do
N.Y., First Nat. Bk.
do
do
50 $10,000,000 4i3in'01 A.&O.J/
50
6,000,000 5 in 1901 A.&0^/
. ^
964
—
>8<ocA:s— Last
ENTK al.
Consol. M. (see text), .*30.060,000, gold.CiP...c*
Car
DunUK— riiUolpal,When Dne.
72, p. 872; V. 73, p. 1207.
Clilcaso & liV^estern Indiana RR.—Owns a valuable terminal
system of roads alfording entrance into Chicago to the roads named
below. Its lines extend from Dearborn Station, Polk Street, Chicago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Oragin, 16 miles, and to South Chicago, 5 miles total, 48 miles; total
track, Including 2d, 3d, 4th tracks and sidings, 220 mUes also owns
about 900 acres of real estate, passenger and freight yards, warehouses,
elevators, etc. The Belt Ry. of Chicago leases and operates 76 mUes of
the 220 miles owned by the Ch. & W. I., its securities being all held by
the companies leasing the Chicago & W. I.; see V. 60, p. 1058.
Leases.-This company's road and terminals are leased under perpetual contracts to the Wabash, the Chic. & Grand Trunk, the Chicago &
Eastern Illinois, the C^hioago & Erie and the Chicago Indianapolis A
Louisville, each of which five companies owns $1,0()0,000 stock. They
are also leased to the Atchison, the Elgin Joliet & Eastern and the Belt
Railway. The annual rentals must always exceed by at least 20 per
oent the interest on the bonds outstanding.
Dividends.- ) '92-94. '95. '96. '97. '98 '99. '00. '01. '02. 1903.
7^2
Percent.
6
6 Incl.Apr.,3
5 6y'rly.
Bonds.- The general mortgage bonds became subject to sinking
fund in 1903, and wlU be drawn at 105 and interest in such annual
amounts as will retire the debt by maturity.
Of the consoL 4s of 1902 (authorized Issue $50,000,000) $4,000,000
has been sold on account of track elevation and other improvements,
*4,35,'>,000 additional to be used to refund bonds canceled by opera;
;
66666
tion of the sinking fund, $10,014,000 are reserved to retire the outstanding first and general mortgage bonds and $31,631,000 for
future additions equal to at least the par value of the bonds issued.
V. 75, p. 732, 906.
Annual Report— Fiscal year ends Dec. 31. Report for 1900 was in
V 72, p. 1185. In 1901, gross income, $906,382; taterest, etc., $625,701; dividends, $300,000; baL, deficit, $19,319.— (V. 76, p. 435.)
Cbicago &. Tl'^est ITIlcli.—See Pere Marquette RR.
Chicago 'Wis. & minn.—Sold In 1899 to Wisconsin
Central Ry.
Cliiliualiua Sc Pacitic RR.— Completed Apr., 1900,from (Chihuahua, Mexico, to Minaca, 125 mUes. Subsidies by Mexican Government in its 5 per cent interior sinking fund bonds are: On 125
miles completecf (already received), $1,400,000; on second and third
•sections will aggregate $4,750,000.
These subsidies were in Oct.,
1900, transferred to K. C. M. & O. from Chihuahua to Pacific Coast,
the K. c. M & O. having a lO-year trackage agreement over the entire
line. See K. C. M. <fe O. statement and V. 71, p. 181. Stock is $2,500,000, all Issued; par of shares, $100. No bonds issued to Oct.,
1902.— (V. 66, p. 573; V. 71, p. 181.)
Clioctaw ic RtemptalM RR.— See Choctaw Oklahoma & Gulf RR.
Cboctaiv Oklalionia &. Oulf KR.— r<See Map of Roch Island.)
—
Road Owned
Miles. Hot Springs, Ark., to Malvern
40
Memphic, Tenn, via Say re,
Searcy, Ark. to Des Aro
25
O.T., to Tex. State line
669
Leased
Haileyville, I. T.,to Ardmore. 116 White & Black River Valley,
Shawnee, I. T., to Asher
25
Brinkley to J'kson port. Ark.
64
<5eary, O. T., to Alva and
Anthony. Kan
137
Total Nov., 1902
1,076
In July, 1902, extension was under construction from Guthrie to
the main line at or near Haileyville, I. T.. 170 miles, with branch to
Shawnee, 30 miles, under title of Chrotaw Oklahoma & Gulf Railway,
—
with $1,000,000 stock. V. 74, p. 1195. In Apr., 1903, extension was
under construction southwest from Amarilio, Tex., 125 miles, to Te«umcari, N. M.. at a connection with the El Paso line of the Rook
Island; also Ardmore, I. T., to Dallas, Tex., 113 miles. V. 75, p. 393.
History.- A reorganization of the Choctaw Coal & Railway Co., sold
tn foreclosure 8ept.9, 1894. Holds valuable coal leases. The Choctaw
A Memphis RR., formerly leased, was merged in June, 1900. V. 70, p.
«44. The White & Black River Val. RR. is leased for 80 years from
,
Oct.
Jan.
July
May
To
To
1, 1919
1, 1949
1, 1919
1, 19.52
Oct.,
1905
Auk., 1908
Oct.. 1903-'10
June 30, 1980
Apr. 7, '03, 1%
Mar.. 1903, 1%
May 9,
'03,
IH
1905
1905
Jan.
1937
June
1942
Apr.
1943
May 1, 1941
Jan 1, 1935
Jan. 1, 1935
Jan. 1, 1953
To Aug., ] 905
To lall
June 1, 1952
Ian., 1916
Nov. 1, 1942
Oct.
Oct.
1,
1,
1,
1.
1,
July 1, 1900, interest on $500,000 five per cent bonds being guaranteed for first ten years and on .$600,000 thereafter. V. 72, p. 189.
In Jan., 1903, all except $393,600, stock was acquired by the Chicago Rock Isliind & Pacific Railway. Co., the minority stock being
ottered the same price, viz., $80 per $50 share for the common and
$60 for the preferred. See V. 74, p. 775, and also p. 829. 986, 1354.
In 1902 purchased the Choctaw Northern RR., 137 miles, and the
Hot Springs RR., 40 mUes. (See V. 73, p 722.) V. 74, p. 829.
Dividends.-On pref.: 1898 to Apr. 1902, 5 p. o. yearly. On com-
mon,
1899; 1900, 4; 1901, Apr.. 2; Oct., (219 p. 0. cash, and
c. distribution in com. stock.
In 1902, Apr., 3 p. c. No
dividends on either stock were paid in Oct., 1902. V, 75, p. 1398.
Bonds.—The consol. mortgage of 1902 is for the authorized amount
of .$1,000,000 on the coal properties and $15,000 per mile for each
mile of railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and C. <fe M. 5s being reserved to retire
the same.
V. 74, p. 151.
After 1902 the Little Rock Bridge
6s are subject to call at 105 for stnkiufr fund of $20,000 yearly.(V. 71, p. 602.) Car trusts, see table above and V. 73, p. 1312, 1356; V
74. p. 727.
Earnings.— For 6 mos. ending Dec. 31. 1902, gross, $3,312,150; net,
$1,330,650; other income, *5,6i7; total, $1, 336,267. Deduct; Interest,
(.$428,967), rentals, ($18,623) and taxes ($102,632), $550,221; depreciation, etc., $70,643; balance, surplus, $715,402.
Report.— Report for 1900-01 in V. 74, p. 149, 203, 212.
Tear end.
Gross
Gross of
Net
Interest
Balance,
Oct. 31
mining.
of railroad.
and taxes, for year.
of both.
1901
$4,611,351
$655,462 $2,025,044 $607,419 $1,417,625
1900
2.7/2,019
741,486
1.22«,738
497,834
730,904
Average mUes operated, 643 miles in 190001, against 565 ini899-()0.
From surplus above shown were paid dividends, in 1900-1, on pref.,
5 p. 0. ($300,000), and on common 4i« p. c. ($320,000), and $120,000
for equipment renewal funds. Coal output in 1900-01, 448,497 tons.
Pres., Wm. B. Leeds; Sec, Geo. H. Crosby; Treas., F. E. Hayne. Directors May, 1902, V. 74, p. 986, 1307.- (V. 75, p. 1398.; V. 76, p.381.)
2, Oct.,
also a 10 p.
—
Cin.|Georget.|&|Portgmoatb RR.— See Street Railway Sup.
Cincinnati Hamilton & Dayton Ry.— (See Jfap.)—Operates a
direct line between Cincinnati and Toledo, Ohio, with branches to
Indianapolis, IncL, and Ironton, on the Norfolk & Western, etc.
History, Etc.— In July, 1895, consolidated with the Cin. Dayton
6 Ironton and (3in. D. & Chicago under the name of Cto. Ham.
<fe
Dayton
Railway. V. 60, p. 1104; V. 61, p. 68. Cincinnati Indiana & Western
operated in connection with the C. H. & D. system. Since Nov.,
1901, the Findlay Fort Wayne A West. Ry., Findlay, O., to Fort Wayne,
In(L, 80 miles, has been operated for its owners. The bonds of the
Findlay road have not been assumed. V. 73, p. 1111; V. 75, p. 978
Road owned (11 See this Oo.)MUes.
Proprietary roads—
Mile*.
Cincinnati to Dayton,
60 Cincinnati Ind. & Western... II 379
Dayton to Dean, O
176 Cincinnati «fe Dayton
14
Dayton to Delphos,
98 Columbus Findlay & Northern. 18
Trackage
13 Bowling Green RR
21
Piqua & Troy Branch
8
Is
—
Roads leased—
Dayton & Michigan
Home Avenue RR
1[142
3
Operated—
^Findlay,0.,toFt.Wayne,Ind.
80
Total of all
1,013
Jointly virith Clev. (Tlnn. Ch. & St. L. and
jointly with the Southern Ry. controls the Cincinnati New Orleans Ss
Texas Paoiflo Ry. V. 75, p. 978
Owns the Dayton A Union
Stock.—New preferred is entitled to 5 per cent, then oonuuon to S
per cent; then both share equally. V. 69, p, 1300.
Dividends since consolidation—
Nov., 1895 to May, 1903
New preferred, issued in 1895
5% yearly (Q-F)
Bonds.— General mort. covers the perpetnal lease of the Dayton A
Michigan, the profits under which are large, V. 54, p. 799; V. 55, p. 373.
The stockholders voted on Dec. 11, 1900, to authorize a refunding
mortgage at not exceeding 4 per cent to take care of the maturing
lEdebtedness and convert the fixed leasehold and other obligations;
to purchase railroads held under lease or operating contract; also to
reduce the interest on the Cln. Dayton & Chicago treasury bonds from
5 to 4 per cent and sell the same. V. 71, p. 1012, 1219; V. 73, p. 840.
Guaranties.-Guarantees securities of Cin. Hamilton & Ind. and
Dayton & Michigan; also $933,000 Indiana Decatur & Western first
V. 69, p. 795. As to control of Cin. N. O. & T. P., see that Co.
Report.- Fiscal year ends June 30. Report in V. 75, p. 978, showed:
Year end. June 30—
1902.
1901
1900.
58.
Gross earnings
Net earnings
$6,352,164 $5,837,916 $5,735,530
2,018,108
1,806,002
1,728,848
Deduct Interest on bonds
865,747
886,6^0
846,970
Div. pref stock D. A M. RR
96,900
96,900
96,900
Div. com. stock D. & M. RR
84,066
84,066
84,067
Div. com. stock Home Ave. RR.
3,268
2,924
3,219
Div. pref. stock C. H. & D. Ry . . .
389,225
389,211
387,138
,
Total
Surplus
$1,460,070
$558,038
$1,438,848 $1,418,294
$367,154
$310,554
Pres., M. D. Woodford, Cinolnnati, O.— (V. 75, p. 239,843, 9T8, 1201.)
Cincinnati Hamilton & Indianapolis Ry.— Merged In Aug..
1902, in Cincinnati Indianapolis A Western RR.— (V. 75, p. 239.)
42
mVESTORS' SUPPLEMENTo
[Vol.
LXXVI.
April, 1903
leAILBOAJD STOCKS
J
RAILROADS.
&o., see notes
Oin.rfJfMs.y.— l8tM.$2,000,000.g gu.p.&l end.Fo"
<7. .V. O. <fi T. P. Jc, pref. St., 5% cum., $3,000,000.
Cincinnati !fortlierii— 1st M., $3,000,000, g.G.o'Ar
Oin. Rictimmid <C Ft. TT.- 1st mort., gold. Int. gu.o*
Otn. Rich. <t \lun.—\A% M.. $10,000 p. m., g.OB.o*
Gen. M., «100,000, call at UO aft. Oct., '10.
Clilcago & Cinoln. IstM., $750,000, g. call. text..
Booster Equip. Ist M., ser. A, guar. p. & l.BB...
i)lear/ield <t Jfa/ionmsr— Stock, 6 per cent rental..
<J.c*&r
Ist mortgage, gold, guar. B. R. A P
AB
So^ithem-l»t mortgage
OUvel'd Akron d Oolumb.—StooK $1,000,000
Gen. mortgage (now 1st,) g
g., a. f.,
Par
148
"se
168
"50
—
Indiana Western
$1,000
100
1901
1871
1900
1903
1902
1902
1,000
1,000
1,000
1,000
^ ^
1,000
1893
1900
177
188
1887 500 <teo.
1900
1,000
1,000
RK.—Under
$1,500,000
2,000,000
1,000,000
1,800,000
1.680,000
(?)
750,000
500,000
650.000
168.000
4,000,000
1,800,000
1,782,000
27,989,310
10,000,000
663,000
1880
1,000
l.OOO&P
7,684,000
1886
1874
1,000
4,138,000
1884
1,000
3,205,000
1869
1,000
2,000,000
1882
1,000
500,000
1890
1,000
650.000
1890 500 &0.
1,103,730
1,000
5,000.000
1890
1890 l.OOO&c 10,000,000
1891
1,000
4,000,000
1893
1,000 17,657,000
50
1888
1,000
construction
>
-
1201, 1353.
Ihe I. D. & W. bonds aie redeemable by lot at 110 at any time on
eight weeks' notice; $933,000 are guaranteed by Cln. Ham, & Day.,
which guarantees also the C. H. & I. 7s.
Eaknings.— Year ending June 30, 1902, of companies consolidated were $1,629,723; net, $408,716; total deductions, $353,379;
baL, sur., $55,337.- V. 75, p. 239. 289, 497, 732, »49, 1202, 135 J.)
See Cln. Northern.
Cincinnati Jatkson de Mackinaw
RR.—
&
.a^iuuuuu
Amount
100
100
from Olnoinuati, O., to a connection with the (Jincinnatl Rictimond &
Muncle KR. (see below) at a point in Butler County, on tae State line
between Indiana and Oiilo, about 33 miles, io be completed about
June 1, 1903. Stock increased May, 1902, from $500,000 t $900,000.
jjonds are subiect to call at 110 after lO years.— (V. 74, p. 1195.)
Cincinnati Indianapolin &. W^estern n.H.—fSe« Map C. B.
111., to West
A 1>.) Hamilton, O., to Springfield, ill., 293 miles; Sidell
Liberty. 78 miles; trackage. West Liberty to Olney. 8 miles; total. 379
miles. A consolidation in Sept., 1902. of the Cincinnati Hamilton A
Indianapolis Ry., Indiana Decatur & Western Ry. and Spriuirtield &
Decatur RR. V. 75, p. 239, 289, 497, 732. Stock auth, $8,200,000.
Bonds.— The "first and refunding" 4s of 1902 ($8,200,000 authorized issue) are guaranteed, principal and interest, by C. H. & O. by
endorsement on each; $4,300,000 were Issued in exchange for existing bcmds, of which $2,700,000 in the Cin. Hamil. & Dayt.n treasury;
$3,465,000 are reserved to retire the Ind. Deo. & West. Ss and tbe remaining $235,000 for general purposes of the company. V. 75, p.
«y.— Owns Cincinnati, O., to
Dodda, 38 miles. Including 6 milt s from Lebanon to Dodda, lea4ed to
the Dayton Leb. & Cln RR; Middletown Jet. to Mlddletown, O 14
miles (former Mid. & Cin. RR., taken over Jan. 1, 1903); total. 52
Cincinnati Lebanon
1
7.'i0.000
"26
H
&
1898
.
Couunon stock ($28,700,000 authorized)
Preferred stock, 5 per cent, non-cumulative
175
C. I. St. L. &C. con. M..drawnatl05,s.f. 1 p. CO
Gen. 1st M.. $10,000,000 g., s.f. not dr'n.Ce.o&r
text)
391
Cleve. Col. Cln. <fe Ind. Consol. mort. (see
Gen. consol. mort. ($12,000,000) gold..U«.c*&r 391
72
Indian & St. L. 1st M., In 3 ser. of $667,000. Us.
72
o.
2d M. ($2,000,000), gold, Indlanap. to Terre
62
Cl.Cln.Ch.<fe8t.L., White Wat. Val. Dlv, Ist, g.Ce.o"
45
8pr. <k Col. Dlv. (Col. Sp. &Cln.),l8t M.,g.Oe.o
267
Cairo Division Ist M., $5,000,000, gold ..Ce.o'
194
St. L. Dlv., coll. tr., g. ($351,000 in s. f.)C!e.C&r
203
Cln. Wab. & Mich. Dlv. 1st mort., gold.. Us.
Gen. mort. 100 year for $50,000,000 g.I»Ie.o-<fcr 1,021
Obligations for Pkoprietary Lines.
Cincinnati Sandusky & Cleveland— Pref. stock.
170
Consol. (now 1st) M. ($3,000,000) gold... A B.O
LoulBv. & Jeffersonv. Bridge 1st M.— See that Co.
rincinnati
Size, or
"ib'6
o
gu., p. & 1.. end.
St. Ziouis
&
Date
of
of
Outstanding
Road. Bonds Value.
Clearflelii
1st con. M., $4,000,000,
Nortliern
428,997
2,571,000
Stock authorized, $1,500.miles.
.
V. 75. p. 980. Of the $1,500,000 first
(?)
000: outstanding.
consol. 4s of 1902. guaranteed principal and interest by the Pennsylvania Company, $900,0' were issued to oay for Cincinnati & Middletown RR. and other property and retire old bonds, $iOO.OoO are reserved to retire the58, due 1916, and $100,000 to purchase real estate.
V. 75, p. 1253. 1398. Year ending Dec. 31, 1902, including Mid.
& Cin. for 7 mos., gross, $244,732; net, $45,222; charges, $28,920.—
(V. 76, p. 48, 157.)
&
Licking River
RR.— Brooksville to WeUsburg,
10 miles, and Hillsboro to Johnson, 17 miles. In Aug, 1901, under
construction from Brooksville to Johnson Jet., 28 miles. Extension
1902 from Hillsboro to Morehead, 20 miles, making
also proposed
75 miles in all. Stock, $200,000. All old bonds wlU be retired. VicePres. and Gen. Mgr., Y. Alexander, Brooksville, Ky.— (V. 70, p. 1194.)
To extend from Miamiville, O.,
Cincinnati Sc Louisville
to Louisville, Ky., 105 miles. Incorporated Nov. 17, 1902. in the Interest of the Cincinnati Richmond & Muncle RR., which see. Stock
authorized, $500,000.— (V. 75, p. 1146.)
JVIuskingnm Valley
C<S^ee map of Pittsburg
Cincinnati
Cincinnati Chicago dk St. Louis.) Owns'Morrow, Ohio, to Trinway. O.,
148 miles. Successor on Aug. 1, 1898, to the Cm. <te Musk. Val. Ry.,
foreclosed June 29, 1898, and purchased in the interest of Penn. RR.
V. 67, p. 27. Of the bonds $500,000 are reserved for future needs;
sinking fund retires yearly one per cent of those outstanding, if offered at par or leas. The Pennsylvania Company guarantees the
bonds, principal and interest, see form of gu iranty, V. 76, p, 653.
Stock, $2,000,000; par $100: all issued. Dividends: 2 p. c, June 25,
1900; Deo. 31, 4 p. c; 1901, Deo.31, 2p. c.; 1902, 2 p. c. Pennsylvania
RR. owns $754, 000 of $1,500,000 bonds. V. 55, p. 1078.
Eaknings.- Fiscal year ends Dec. 31. Report for 1900, V. 72. p. 984
fiet.
*Balance.
Gross.
Interest.
Tr.end. Dec.Sl.
m
RR.—
&
—
RR.—
$63,374
$123,374
$60,000
110,141
50.141
60,000
In 1901, 2 p. c. ($10,000) was paid from accumulated surplus.—
(V. 72, p. 984; V. 76, p 653 )
Cincinnati NewT Orleans*: Texas Pacific Ry.—( See Map of
Southern JJjir.)— Operates Cincinnati Southern Ry., owned by city of
Cincinnati, Cincinnati to Chattanooga, Tenn, 336 m.; trackage, 2 m.
In Jan., 1903, the t-ntire stock of the Harriman & Northeastern Ry.,
Harriman to Petros, Tenn., 22 miles, was acquired in the interest of
the company, but the road will be operated separately. V. 76, p. 157.
In 1901 lease was extended 60 years to Oct. 12, 1966; rental until
Oct. 12, 1906,was modified beginning July 12, 1902. to $1,050,000
yearly, the remaining $50,000 per quarter to be deferred as it accrues
and to be paid quarterly at rate of $40,000 yearly, with interest on
deferred payments at 3 per cent; rental under renewal to be $1,050.000 yearly for tirat 20 years, then $1,100,000 for 20 years, thereafter
1902
1901
Bonds— i^uit.
INTEREST OR DIVLDEND8.
pal. When Dae.
Rate per When Where Payable, and by Stocks— li&at
p™* Payable
Whom.
Dividend.
$645,2.'i6
574,032
*
$1,200,000. V. 73, p. 722; V. 74, p. 1251.
Pref. stock, 5 p. c. cum.,
$3,000,000, with no voting power, but prior rights on dissolution. Of
this. $2,000,000 w«s issued for improvements at par. V. 74, p. 528. 829.
Dividend.— On pref., 1^4 p. o., paid quarterly Sept. 1, 1902, to March,
1903, both Inclusive.
Stock.— Common, $3,000,000, controlled In Interest of Southern Ry.
and Cln ilnnati Hamilton & Dayton Ry. V. 61, p. 26; V. 65, p. 1173.
Car trusts Jane 30, 1902, $92,594.
IjATKST Earns.- 8 mos., < 1902-3
Gross, $3,857,780; net, $962,031
July 1 to Feb. 28.
(1901-2.. .Gross, 3,614.316; net. 935,784
Annual Repobt.—Report for 1901-2 was in V. 75, p. 903, showing
-gross, $5,660,401; net, $1,420,810. (against $1,299,827 in J 1900-01)
-
I
4g.
4
7
5
5
5
&
A
J.
&
A. N.Y., Farm. L. & Tr.
Cincinnati.
J. N. Y., Guaranty Tr.
D. N. Y., Wlnslow. L. <fe
O. Bost., O. Col. Trust
P.
<te
A. Boston, Bost. S D.
&
F.
Q.-M.
g.
gg-
J
g.
g.
&
J.
J.
Co.
Aug.
1,
1948
Mar. 2, '03,1 >4
Co. July 1, 1951
Co.
Co.
& Tr.
June
Oct.
Jan.
Feb.
1,
1,
1,
1,
1921
1950
1951
1952
do
July, 1903-'12
do
& J
Checks mailed.
Jan. 1, 1903
& J,
N. Y.. 36 Wall Street
Jan. 1, 1943
&
5 gM. & 8. N. Y., Bowl. Gr'n Tr. Co. Mar. 1. 1930
5
Checks matle 1.
Mar. 25. 'OS, 1
2 in 1902 M.
S.l
5 g. M. & 8. HamUton Tr., B'klyn. Moh. 1, 1927
N.
Wlnslow.
L.&
Y.,
Co. Aug. 1, 1940
4g. F. & A.
4 In 1902 M. & S. N.Y.,J. P. Morgan & Co. Mar. 2, '03, 2%
Apr.20,'03,li4
do
do
5 in 1902 Q.—J.
May 1, 1920
M. & N.
do
do
6
Aug. 1, 1936
do
do
4 g. Q.— F.
Jtme 1, 1914
do
do
7 or 6 g. J. & D.
Jan. 1, 1934
do
do
6g. J. & J.
July 1, 1919
Various
do
do
7
Nov. 1, 1918
do
6g. M. & N.
do
July 1, 1940
do
do
4g. J. A J.
Sept. 1, 1940
do
do
4g. M. & 8.
Jan. 1, 1939
do
do
4g. J. & J.
Nov. 1, 1990
do
do
4g. M. <& N.
Jtdy 1, 1991
do
do
4g. J. & J.
Jane 1, 1998
do
do
4g. J. & D.
M. & N.
May 1, '03, 3%
6
do
do
do
do
Jan. 1, 1928
5 g. J. & J.
5
J.
J.
J.
6
<te
other income, $5,592: rentals, $1,217,269: balance, surplus, $209,134
agst. surplus $179,132 in 1900-01.— (V. 74, p. 1251; V. 75, p. 341, 903:
V. 76, p. 157.)
('See 3fap Cleveland Cin. Chieaao it
Cincinnati Nortliern
St. i..;— Owns Franklin, O., to Jackson, Mich., 208 miles; trackage (O.
O. O. &St. Li.), Franklin to Cincinnati, 33 m.; at Jackson, I
Successor in June, 1897, of Cincinnati Jackson <& Mackinaw, foreOlosed.-V. 65, p. 621; V. 72, p. 338, 1034, 1135; V. 73, p. 31.
In July, 1901, President Ingalls of the Cleve. Cinn. Chic. & St. Loals
was elected President, control having been acquired by that road. The
holdings of Clev. Cin. Ch. & St. L. are valued In balance sheet of June
30, 1902, at $1,091,955. V. 75, p. 454, 457.
Stock, reduced from $6,800,000 to $3,000,000 In Sem., 1901.
Bonds.- In Sept., 1901, made above mortgage.— V /3, p. 783.
Report.—For calendar year: In 1901, gross, $639,238; net, $89,591;
In 1900, gross, $640,108; net, $97,059.
Prest., M. E. IngaUs. See report, V. 70, p. 581.— (V. 74, p. 326, 378.).
Cincinnati Riclimond ic Fort Wayne
Owns from Rioh,
mond, Ind., to Adams, Ind., 86 miles; leases 5 miles of P. F. W. &C'
Now operated (Deo., 1901), by Grand Rapids & Indiana Ry.
Interest Is guaranteed by the Pennsylvania Co.
Rental, net earnings.
and Pittsburg Cin. Chicago & St. L. Co. jointly (the P. C. O. & St. li.
taking the place of the Cln. Hamilton & Dayton in 1888). Stock, $1,709,313—par, $50, of which Penn. Co. Jan. 1, 1902, owned
$1,256,900. Due guarantors Jan. 1, 1902, $1,384,877.
Net.
Interest,<6c.
Tear end. Dec.31. Cross.
Balance.
1902
$594,515
$124,166
$126,000
def.$l,834
1901
131,005
126,000
560,200
sur. 5,005
RR.—
m
RR.—
,
Controlled by Penn. RR. interests.
Cincinnati
43
BOIfDB.
.
Miles
For explanation of oolumn headings,
on first page of tables.
Ol«veland Cincinnati Chicago
AND
Richmond &
RR.—
ITIuncie
Cottage Grove, Ind.,
Cincinnati
to Beatrice, 195 mUes; under conatniotiou from Beatrice to Hammond, Ind. (near Chicago), 23 mile.s. In connection with the Cincinnati
& Indiana Western RR. (see above) will form a through line between
Cincinnati and Chicago. V. 74, p. 1195. Laid with 70'-lb. steel rails.
Louisville RR. was incorporated on Nov. 17, 1902,
The Cincinnati
with ^500,000 stock, to build a road from Cincinnati to Louisville. V.
75, p. 1 147. All the lines may be uuited under the name of the C?hlcago
Cincinnati & Louisville RR. Stock authorized, $3,450,000. The 1st 58
and C. C. issues are subiect to call at 110 after 10 years from their
date. In 1903 made a general mortgage for $900,00u. V. 76, p. 211.
See ofllcial statement, V. 71, p. 1066; V. 74, p 1195. Pres., W. A.
Bradford Jr.; Sec. and Treas., Roger N. Allen, 40 Water St., Boston.
(V.76, p. 810.)
&
&
—
ClesirAeid &msibonlns^y»—( See Map Buf.Boch. dPitts.) Owns
road, completed Ln 1893, from Du Bols June, Penn., on BuflF. R. & P.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester & Pittsburg
which see— at a rental payable in gold and equal to 6 per cent on
$750,000 stock, par $50, and 5 per cent on bonds, the latter being guar.
p. <fe 1., by Indorsement on each.— (V. 61, p. 710.)
Cleveland Akron
Sc
Colnmbns Rallfvay.-Owns from Hud-
son, O., to Columbus, O., 144 miles; Dresden branch, Kllbuok to Trinway, 33 miles; Apple Creek branch, 9 miles; coal spurs, 11 miles; total
owned, 197 miles; trackage Trinway to Zanesville, 17 miles. In Mar.,
Barberton Belt RR., 24 miles,
1 903, a fourth interest in the Akron
was purchased. V. 76, p. 435.
Peun. Co. took control June 1, 1899, purchasing $2,237,500 of the
$4,000,000 stock (par $100). Dividends. 2 p. c, semi-an., paid Sept..
1901, to March, la03 (M.-S.). Of the 1st consol. gold 4s of 1900 (Commercial Trust Co. of Philadelphia, trustee), guaranteed principal and
Interest by the Pennsylvania Company, $1,800,000 are reserved to
retire the gen. 5s due 1927. V. 71, p. 390; V. 76, p. 653. In calendar year 1902, gross, $1,417,574; net, $407,335; other income, $3,935;
charges, $282,345; dlv. (2 p. o.) $80,000; baL, sur., $48,925.— (V. 76. p.
435, 653.)
Cleveland Cincinnati Clilcago Sc St. lionls Ry.— (See Map.)—
History, Etc.— consolidation of the Cincinnati Indianapolis St.
Louis & Chicago Railway Company, the Cleveland Columbus Cincinnati & Indianapolis Railway Company and the Indianapolis & St. Loulf
Railway Company, made in July, 1889, per plan in V. 48, p. 427. Of
the common stock, *11, 225, 400 was on Jan. 1, 1901, owned by the
Lake Shore <fe Mich. So. Ry., this amount, together with the private
holdings in both stocks by the Vanderbilt family, being understood to
constitute a majority of the entire share capital. V. 72, p. 86.
Road.— Operates a system of roads radiating from Indianapolis,
Ind., westerly to Chicago, Peoria, Cairo, 111., St. Louis, and easterly to Sandusky. Cleveland. Columbus and Cincinnati, Ohio, and
southerly to Louisville, with branches. In July, 1901, control of the
Cincinnati Northern RR., Franklin, O., to Jaoason, Mich., 205 miles,
was acquired. V. 73, p. 137, 497; V. 75, p 454, 457. On Feb 19,
1903, interests identified with the company purchased at foreclosure
sale the Chicago
Southeastern Ry., Muncle to Brazil, Ind.. 137 miles,
including traoaage Brown's Valley to Sand Creek, 12 miles, but the
road will be operated independently. V. 75, p. 497, 611. The company in Feb., 1903, began to build a 50-mlle cut off between Hillsboro,
111., and Mitchell, near St. Louis. V. 75, p. 1086.
The company is also one-fourth owner of Peoria & Pekin Union Ry.,
(through the Peoria & East. Ry.), one-seventh owner in Terminal RR.
Ass'n of St Louis and two-fifths owner of Indianapolis Union Ry. and
part owner of Dayton <fe Union, which Is operated independently.
^
&
a
&
44
INVESTOKS' SUPPLEMENT.
[Vol. LXXVI.
RAILROADS.
For explanation of column headings,
OB first page of tables.
&o., see notes
—
—
Miles
Date
of
of
—
.
202
202
202
"
Gen. M., $10,000,000,F, gold \ |?j:|®^ O & d' o*
Guar. p. & 1. (end.) Pa. BR-lsIr! B, lnt?ed:°.
Cleveland Terminal <6 Valley— See Salt. & Ohio.
Ooahuila <t Pacifle-Ut M., gold, $2,500,000.... o*
Oof«&roofedai«— lstM.,$593,400,und.Read.M.of96o
'
Oolwado Midland— 1st
mort., $10,000,000. Ce...O*
Colorado <t Northwestern Ist M., gold, roe
Colorado <t Southern- Common stock, $31,000,000
Ist pref., 4 per cent, non-oum., $8,500,000
2d pref., 4 per cent, non-cum., $8,500,000
Ist mortgage, gold, $20,000,000. Ce
o*
Car trust notes N ov. 30, 1902, due monthly
Col. Sp.it Or. Or.D. i?y.— IstM. $2,000,000,g.8 f.Ce
2d mortgage, $1,000,000, gold, sinking fund. ...
Ist consol. mortgage, $3,600,000, gold.nio.c*r.
Colorado tt Wyoming Ity.— 1st M., $7,500,000,
Col. Mewb. <t Laurens— 1st M., $12,000 p. m.SBa.
Columbia So'tthem— 1st M.. gold, $2, 100,000. N...
—
gMe
(?ree7iri7<e— See
Jt
<£
Columbus Bock. Val,
X Series "A" J.
&. J;
Southern Rv
Toledo— See Hooking
"B" A. &
O.;
Owned directly—
Miles.
Cleveland, 0.,to Columbus,©.. 138
Gallon, O., to Indianapolis
203
Delaware to Springfield
Cincinnati to Lafayette
Indianapolis to Terre Haute
50
175
72
7
Harrison Branch
Leaded entire st'k owned^Clncin. Lafayette & Chic. Ry.— 57
Cairo Vtucennes & Chic. Ry.—
Cairo, lU., to TUton & branch. 267
8t. Lou. Dlv. T. H. to E. St. L.193
Columbus Springfield & Cin.—
Columbus, O., to Springfield.. 45
—
(Vhite Water—
H arrison, tnd.
,
to
Size,
or
Par
&
&
....
$100
1893
1,000
1896
1,000
1900
1.000
1888 l,000&o
1895
1,000
50
1892
1,000
•98-'00
1892
1,000
1,000
200
1900
1,000
1868 100 &0.
1897
1,000
1,000
261a 1897
. .
100
....
100
100
1882
• *•
1,086 1899
1,000
.
1900
70 1900
1,000
70 1901
1,000
1902
1,000
171 1903
1,000
75 1887
1,000
71 1898
13
259
•
•
.
.
Valle
y "C" M. &
N.;
Colum. Hope AGreensb'g RR.— 26
Trackage into Cincinnati, &o. 32
Trackage into JeffersonvUle. >
53
B. & O. S.
<
W
Total Included in earns. . . l,8» i
Operated; earns, kept separate—
Peoria & East'n Ry. (H).—
352
Kankakee & Seneca RR.—
42
Mt. GUead Short Line
2
Total of system June 30,'02.2,287
33300
00003
55 555
5555
Div'DB.— '90 '91 '92
com...) 4 P.O.
'93 '94 '95 '96 '97 '98 '99 '00 '01 '02
1903
3i« 4
Mar., 2
2ia
Pref...S
5
5
5 Incl.Apr.,2ia
In 1901, on common. Mar., l^a p. c; Sept., 2 p. c. V. 73, p. 82.
Bonds.-The sinking fund provision of the Cleveland Columbus Cincinnati i£ Indianapolis consol. bonds (stamped) has been canceled. The
principal of these bonds Is payable in gold, but the interest is payable
at option of holder either in lawful money at 7 per cent per annum or
In British sterling at 6 p. c. Of the IndianapoKs dt St. Louis first 78
series " A" are J. & J.; series " B," M. & 8.; series " C," M.& N.
St. Louis Division bonds, see deed of trust V. 52, p. 42-45.
As to the Oiticinnati Wabash <6 Mich. 4 per cents, see V. 52, p. 718.
The 100 year mortgage of 1893 Is limited to $50,000,000. In Apr.,
1903, $22,595,000 general 48 were reserved for prior liens (exclusive
of Cairo division, Peoria division, Michigan division and the St. Louis
division west of Terre Haute), and $9,748,000 for equipment, contructlon and betterments, etc., at the rate of $1,000,000 a year.
General Finances.— Guarantees interest on Louisville Jefl^ersonvllle bridge bonds jointly with the Ches. <& O. V. 68, p. 822. On June
SO. 1902, owned stock in Chesapeake & Ohio representing an outlay of
$2,453,569 and Cincinnati Northern RR. securities costing $1,091,955. V. 71, p. 398; V. 75, p. 455.
Latest Earnings.-Prom July 1 to Feb. 28 (8 months.)—
8mo».—
Cross.
Net.
Int., die.
Bal., sur.
&
$1,892,209
1,860,601
$1,191,788
1,567,813
Annual Report.—Annual meeting last Wednesday In OctoberReport for 1901-02 In V. 75, p. 439, 454. See also editorial, p. 416.
Year end. June 30—
1902.
1901.
1900.
1899.
MUes operat. June 30
1,891
1,891
1,891
1,838
Passenger earnings. $5,487,506 $4,979,652 $4,653,224 $4,245,036
Freight
11,920,097 11,640,003 10,867,502
9,226,534
Mall, express, etc .
1 ,309,469
1,257,835
1,286,124
1,247,792
. .
Total earnings.. .$18,717,072 $17,877,490 $16,806,851 $14,719,362
Oper'gexp.A taxes. 13,744,920 12,755,638 11,749,264 10,645,556
Net earnings... . $4,972,152 $5,121,852
Total net income... . $5,050,512 $5,249,506
Interest on bonds.. . $2,619,520 $2,685,056
Rentals, etc
180,131
231.907
Dividends on pref.
(5)499,944
(5)500,000
Dividend on com... (4)1,119,516 (3ifl)979,626
Freight care, etc...
600,371
567,852
,
.
$5,057,587 $4,073,807
$5,140,520 $4,097,398
$2,661,442 $2,672,544
224,471
201,165
(5)500,000 (5)500,000
(3)839,840
821,567
Balance
8ur.30,974 sur.$285,065 sur. $93,200 sur$723,689
Officers.- President, M. E. Ingalls, Cincinnati, O. Vice-President,
J. D. Layng, New York; Secretary, E. F. Osborn. Cincinnati, C; Treas;
urer, Chas. F. Cox, New York; Auditor. P. A. Hewitt, Cincinnati, O.
Directors— Wl/llam K. Vanderbllt, Fred'k W. Vanderbllt. Chauncy M. Depew
J. Pierpont Morgan, H. McK. Twombly, James D. Laycg, William H. Newman, Walter K. Hllss, of New York; Alexander MoDouald and AielvlUe B. In-
James Baruett, Cleveland. O.
75. 439, 441, 434, 497, 611, 1086; V. 76, p, 479, 653, 704.)
xalls, Cincinnati;
-tV. 75,
p.
Cleveland Lorain
from Lorain,
& Wheeling ¥Ly,—(8eeMapB.
dt
O.;—Owns
Bridgeport, O., opposite «nieeUng,W. Va.,158 miles;
Lester to Cleveland, 28 mUes, and branch to Beliaire, O., 6 miles;
total. 192 miles, and has trackage into Wheeling.
History.—This is a consolidation of Nov. 23, 1893. (See V. 57,p.979 )
Operated since Feb. 1, 1902, by the Bait. & Ohio, which owns about 75
per cent of the stock. See that company and V. 72, p. 480; V. 73, p. 236.
Stock.- Common, $8,000,000. and preferred, non-cumulative, 5 p. c.
$5,000,000, par $100. After dividends of 5 p. c. have been paid on the
preferred and common, both stocks share alike.— V. 60, p. 1058.
Dividends.— On preferred In 1896, 3 p. c; none since.
O., to
$5,000,000
5,000,000
893,000
950,000
2,935,000
1,250,000
11,226,300
4,561.000
4,933,000
439,000
2,500,000
600,000
9,151,000
500,000
31,000,000
8,500,000
8,500,000
18,650,000
795.227
1,938,000
251,000
977,000
4,500,000
899,000
700,000
New York, 2 Wall St. Oct., '96, 1%
Oct. 1, 1933
A O.
do
Junel, 1936
do
5 g. J. & D.
Jan. 1, 1930
4iflg. J. & J.
do
5 g. See text N. Y. ,Win8low,Lan. &Co. Jan. 1, 1938
4iflg. M. & N. N. Y.,Farm. L. & T. Co. May 1, 1936
Q.-M. N. Y., Winslow, Lanier. Mar. 1, '03,1%
7
Jan.-Oct.-'42
4iflg.
do
do
X
1948-1950
3iflg.
do
do
y
Apr. 1, 1942
Slag A. & O.
do
do
F. & A. N. J., Title Guar. & Tr. Feb. 1, 1930
I'- J. & D. Phila.,Read. Co. Office. June 1, 1898
July 1, 1947
4 g. J. & J. N. Y., Central Trust.
Sept. 1, 1947
None ever paid.
5g. M. & S.
3i3in'02 A. & O. N. Y., Hallgarten & Co. Apr. 1, '03, 2%
4g. F. & A. N. Y., Central Trust Co. Feb. 1, 1929
To Sept., 1906
J. & J. N.Y„ Ch. Bk. & Col. 8p. Jan. 1, 1930
A. & O. Int.Tr.Co.Den.&Col.Sp. Apr. 1, 1921
A. & O. N.Y., M. Tr.,&Col.8p. Oct. 1, 1942
Mar. 1, 1953
M. & S.
6g. J. & J. Safe Dep.&Tr.Oo..Balt July 1, 1937
5 g. J. & D. N. Y., N.Y. 8ec.ifeTr.Oo. Deo. 1, 1948
A.
"D" F. &A.
Leased ani controlled.
Miles
Cincinnati & Springfield Ry.—
Lud.G've(6m.fr.Cin.)to Day'n 48
a No debt, or bonds all owned
$3,083,997
3,428,414
Bonds- PrtnolINTEREST OR DIVIDENDS.
pal,^\TienDue.
Rate Per When Where Payable, and by Stocks—Jj&Bt
Dividend.
Cent.
Payable
Whom.
yRy.
Capitai, Stock.— On Jan 1, 1890, the common stock was $20,500,000; it has been increased to present figure to acquire stocks of lines
absorbed, etc. Dividends on common stock were resumed in 1900.
$13,186,068
12,662,907
45
BONDS.
ST. LODI8.
ST. Louis.
Hagerstown, Ind
62 Trackage I) I. Cent. Into Chic
On percentage basis
Cin. Wabash & Michigan Ry.—
Operates radependently
Benton Harb. to Rushv. & Br.249
Other lines (a)
44 Dayton & Qn. RR. (H)
Double track
....102
Clncin. Sandusky &(71eve.Ry.
Sand'sky, O., to Dayt'n, O.eto.l70
IT See this company.
1902-3
1901-2
Amount
Road. Bonds Value. Outstanding
Glete. Oolumb. Oin. dt Indianap. See Oleve. Cin, Chic.
OUve. Indianap. St. Louis <t Ohic. See Clev. Cen. Chic.
.-..
Cleveland Lorain <t Wheel.— Prel. stock $5,000,000.
o*
192
Consol. mort. (now 1st) g. See text. Usm
General mortgage, $1,000,000, gold, red. 105. N.. 192
....
Con.ref. M., $10,000,000, g., red. at 102ia.Col.o*
125
Otev. <6 M. r.—Con. M. (now Ist) $3,000,000,g.Ce.oAr
103
Olev. rf Jfar.— Ist M., s. f., not dr'n, gold. gnar.F.c*
- •
Oleve. <e Piltsb.—BXook, 7 p. o. guar, by Penn. RR.Co
Columbia
AND
JJAILROAD STOCKS
April, 1903.]
BONDS.- Of the $10,000,000 consol. refunding gold 4ias, $5,000,000
»re reserved to retire first 5s, $1,000,000 for general 5s due June 1,
1936. remainder for improvements, etc. V. 70, p. 230, 480. About $1,000.000 consol. 5s of 1893 are stamped subject to call at 110. On July 1,
1902, real estate morts., $100,000.
Report.— Report for year ending June 30, 1902, was in V. 76, p. 208showing, gross, $2,692,588; net, $1,117,566; charges, $365,566; balance, $310,470.-(V. 72, p. 480; V. 73, p. 236, 953; V. 76, p. 208.)
Cleveland
&
l^Ialionlng Valley
Ry.—Owns
from (Cleveland,
New
Lisbon,
O., to Sharon, Pa., 81 miles [57 double track]; Niles, O., to
O., and branches, 44 miles. Leased to Nypano RR. (formerly N. Y.,
Penn.
Is J.
& Ohio) till 1962 rental $525,967 per annum. Coupon interest
& J., registered interest, Q.-J. Stock is $3,259,200, of which
;
$2,758,250 is held by "Atlantic First Leased Lines Rental Trust Co.,
Dividends in 1897, 13^ p. c; 1898 to 1902,
Limited," of London.
both inclusive, 13^ p. o. yearly.— (V. 63, p. 968.)
&
Marietta Ry.— Owns from Marietta, O., to Canal
Cleveland
Dover, 103 mUes, and branch 7 nules, Zoar, O., to Canal Dover, leased.
Pennsylvania Co. obtained control in Nov., 1893, having purchased
about two-thirds of the stock, and took charge Jan. 1, 1900, the net
revenue over operating expenses, taxes and interest on bonds being
returned to the company. Stock, $2,000,000— par $100. V. 69, p. 1345.
Bonds.— Guaranteed prtn. and int. by Penn. Co. Sink, fund 1 p. o.
E\RNiNGS— In 1902, gross, $696,051; net, $133,417; other income
$1,700; interest on bonds, etc., $101,683; balance, sur. for year, $33,434. In 1901, gross, $601,154; net, $139,187.— (V. 70, p. 1045.)
Cleveland &, Pittsburg RR.— CiSee Map Pennsylvania Railroad.)
Cleveland, O., to Rochester, Pa., 124 miles; branches— Bayard, 0.,to New
Philadelphia, 31 miles; Yellow Creek to Beliaire, 43 m.; SallnevlUe to
Coal Mines, 3m.; trackage, Rochsster to Pittsburg (Pitteb. Ft. Wayne
& Chic), 26 mUes; total. 227 nules.
Lease-Leasedfor999years,Dec. 1,1871, to Penn. RR.Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. c. on $11,226,300 stock.
Interest on bonds and organization expenses.
Bonds.- Generals are all equally secured; guaranty. V. 56, p. 604.
Earnings.- In 1902, gross earns., $6,834,410; net, $2,736,791; profit
to lessee was $1,504,680.— (V. 73, p. 783, 1159; V. 75, p. 134, 793.)
Cleveland Terminal &. Valley RR.— /See Mai» Baltimore dt
Ohio.
Owns from Cleveland, Ohio, to Valley Junction, 75 miles;
sidings, 67 miles. Successor, as per plan in V. 60, p. 437 and V. 61, p.
70, to VaUey Ry. (of Ohio), sold in foreclosure Sept. 10, 1895.
Stock—Of the $5,200,000 common (par $50) B. <fe O. owns $4,594,300
oommon and of the $2,200,000 preferred, $949,200; par $100.
Bonds The first mort. bonds are guaranteed, principal and Interest,
by the B. & O., endorsed; interest Is paid regularly from earnings. A
majority is stamped as subject to call on 60 days' notice at par and
interest on or before May 1, 1901.— V. 71, p. 913. Car trust lease warrants (5s), $192,000, due $27,000 May 1 yearly to 1909, inclusive.
Earnings.—Year 1901-02, gross, $1,218,959; net income $443,027
Interest, etc., $235,950; surplus, $207,077.— (V. 76, p. 209.)
Coabnlla ic Pacific Ry.—SaltlUo to Torreon, Mexico, 200 miles;
completed Aug., 1902. Stock, authorized, $1,500,000; outstanding, $1,500,000; par of shares, $100. Mortgage trustee. New Jersey
Title Guarantee & Trust Co. See V. 72, p. 872.
President, A. W. Lilllendahl; Treas., H. T LUllendahl, 15 Exchange Place, Jersey City, N.
J.-(V. 72, p. 872; V. 73, p. 1263; V. 75, p. 341, 1086.)
Colebrookdale RK.— Pottstown to Barto, Pa., 12-84 miles.
Leased to Phila. & Reading Ry. Common stock, $297,215; par $50.
Colorado iTIldland Ry.—Owns from Colorado Springs to New
Castle, Col., 234 miles, including Snowden to Leadville, 8 m., not operated; Snowden to Arkansas Jet., 6 m.. Jerome Park branch, 15
miles; Aspen branch, 20 m.; spurs to quarries, 2 m.; Busk Tunnel,
2 mUes; total owned, 279 mUes. Leases New Castle to Rifie Creek, 14
miles, and Rio Grande Junction RR., Rifle Creek, Col., to Grand Junotion, 63 miles total owned and leased, 356 miles.
Organization.—Successor Oct., 1897. to the Colorado Midland Railroad, foreclosed and reorganized per plan In V. 64, p. 1224, 1226.
In May, 1900, a majority of stock was purchased in the Joint Interest
of the Colorado & Southern (Hawley interests in control In April, 1902.)
and Bio Grande Western (succeeded to by the (Jould interests).- V. 7(),
p. 686, 791, 997. 1290; V. 71. p. 28; V. 73, p. 1111. No stock is held
—
;
by the puolic. Pref. $6,000,000; common, $4,000,000.
Bonds.— In June, 1900. the $7,500,000 2, 3, 4s were made full 4 per
cent bonds, and the right to issue $500,000 prior lien4s was waived;
V. 70, p. 1290; see also V. 71, p. 139.— (V. 72, p. 821.)
Surp.
T'rs.end.JuneZO—Orosa.
Net.
Misc. inc. Charges.
$20,023
$2,162,286 $492,866 $41,615 $514,4,58
34.269
515,709
683,215
201,775
2,385,184
Officers.- President, Frank Trumnull; Vloe-Pres., Geo. W. Kramer;
Treas., H. B. Henson; Sec, Harry Bronner, 74 Broadway, New York.
Directers.—Grenvllle M. UodKe, Henry Budse. J. Kennedy Tod. E. C. Henderson, George J. Gould, EdivinjGoald, WInslow 3. Pierce. Geo. W.Kramer, B.
1901-2
1900-1
T. Jeffery
-(V. 71,
and Frank Trumbull.
p. 1 39; V. 72, p. 821; V. 73, p.
841 1111, 1312;
.
& Northwestern Ry.— Boulder
V. 75, p.665.)
Ward. CoL, 26i«
miles, operated from Oct., 1898. In Nov, 1902, foreclosure suit pending. V. 74, p. 986. Stock, $500,000; par $100; all Issued. Year ending June 30 1902. gross, $62,383; Bet, $64. Pros., W. C. Culbertson, Glrard, Pa
(V. 73, p. 662; V. 74, p. 986.)
^^ BlOCai
Colorado
to
46
INVESTOES' SUPPLEMENT.
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MAP OF
RY.
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,tA
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MUT
SOUTHERN
^
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Il.Pora
April. 1903
RAILROADS.
Miles
Date
Size, or
Amount
Par Outstanding
of
of
For explanation of column headings, &o., see note
Road. Bonds' Value.
on first page of tables.
Oolumb. diL. MkA,.— IstM.. g $20,000 p. m.No.*o
<& Trari»/. —Mort. $350,000, gu. C. 8. & H.
Columbus Toledo— aee Hocking Valley Rt,
Oolumbus <£ Xettia Stock, 8 per cent rental
Combination Bridge ( Sioux Oitii, la.) let
Cojicord <£ Olaremont (N. S.)—i»t mortgage
Concord <t Jlf<Mi<rea^-8tock, Class I. (B. C. & M. pf.)
1902
1893
,
Ool. Ter.
<fi
—
—
M
Stock, Class II (B. C. &M. new)
Stock, Class III. (B. C. & M. old stock)
Stock, Class IV. (Concord) $6,000,000 auth. Text
c
Best. Con. & Mon. Improvement mortgage
Concord&Montrealoon.M. for$5,500,000.BB.c*
o"
Debenlvire bonds, $1,150,000, currency
do
$1,000,000, int. guar
Do
Concord <t Por<s.— Stock,? p.c. m'l, 99 yrs. Cone'd.
C<mn. <fi Possum .—Fret, stock, 6 p. c. rent'l,99.yr8.o''
o*
let mortgage $1,900,000, gold
Massawippi st'k, guar.same dlv. as Conn. & Pass.
Newport & Richford Ist mort. guar, by C. & P.c*
Con7iecticut River— Btock ($2,670,000 authorized)..
c
Bonds, not mortgage, for $1,000,000, gold
Bonds, not mortgage
do
do
Connecting fPhila.)— 1st M., gu.
Phil.
Germ. & Chest.
<£
Lebatuyti.
55
"71
166
262
1900
110
37
22
80
p.
& I, Pa. RR. en. c
6-75
by Pa. R.y.r
7
36
105
26
24
Hill 1st M., gu.
— Stock
1st mort., $800,000. red. at par begming 1906..
Corvallis & Easlertt— 1st mort.($ll,250,000). Ce.C"
o.c<fer
Cuba RR.— lBt M., gold. $20,000 per mile
Cumberland <£ Pennsylvania— Ist mort.,g., G.gu..
Cumberland Yalley Common stock
m
—
343
57
1893
500,000
800,000
540,400
459,600
5,397,600
500,000
5,000,000
1,050,000
500,000
350,000
2,500,000
1,900,000
400,000
350,000
2,630.000
1,000,000
290,000
969,000
399,000
1,000.000
392,000
1,410,000
1,000
1,000
1,000
100
..
1881
1,000
100
1,000
1893
1,000
1901
1,000
1903
1,000
1864
1,000
1883
1.000
1902
1899 500 &c
60
1891 100 &c.
1,000
1898
1902 l.OOOiC
1,000
1891
50
.
800,(100
Miles,
Miles.
lAnen nitmed.
.
.
(
|
I
Earnings.- For 6 mos. ending Dec.
31, 1902, gross earnings, $455,942; net, $246,395; charges. $96,770; sink, fund, $22,797; bal., but.,
*126,S2S. See V. 76. p. 435. Year ending June 30, 1902, gross,
$5t" 6,943; net, $206,568; interest and greater part of taxes were
charged to construction. Net eaminga were largely reduced by rate
war. Pres., Irving Howbert; Sec. and Asst Treas.. E. F. Draper;
Treas., F. M. Woods; And., L. F. Linney.— (V. 76, p, 435.)
Colorado
W^yomfiie
Hartsvllle to Sunrise, Wyo., 18
miles; connections with various lines at Pueblo, Col., main line and
sidiugi", 95 milee; Trinidad, Col., to Curatro, with spurs to mines, 58
miles; total, 171 mUes. The Colorado Fuel & Iron Co. owns the entire
stock. Bonds, see table above. President, G. W. Bowers.
&
Colnmbla
Ry.—
RR.—
dc Lanrena
Columbia to Lauren S"
Stock, $500,000
Bonds, see table. There were also
$77,454 income bonds. For year ending June 30, 190Z, gross, $180,594; net, $57,048; total deductions. $35,273 balance, sur., $21,775
President, W. G. Childs, Columbia, S. C.
C, 75
&
&
New
S,
1922
Sept. 1,
York.
1943
S
Q.—M. Columbus, O. Treasurer Mar.10,'03,2%
& J. N. Y., Hanover N. Bk July 1, 1915
& J. Bost.,N.Bk.of Redemp. Jan. 1, 1914
,
J.
J.
Apr.1'03,1%%
Apr. 1 '03,1%%
Apr.1'03,1%%
do
Apr.1'03,1%%
do
Q.—J.
J. & J. B'8ton,FaneuIl HaUB'k Jan. 1, 1911
6
J. & D. Boston Safe D. & Tr.Co. June 1, 1920
4
312&4 J. & D. Bos. S.D. & Tr., Boston. June 1, 1920
June 1, 1930
do
do
J. & D.
31a
Jan., '03, 3ifl%
Manchester, N. H.
J. <fe J.
7
& A.
& O.
P. & A.
J. & J.
J.
J.
4g. M. & S.
313
J. & J.
J. & J.
312
M.15 &S
6
4I3
M. & N.
6
4
6
5
10
See text.
do
Q.-J.
Q.-J.
Q.-J.
7
7
7
7
g-
F.
Boston,
A.
do
do
do
5 g. A.
6 in '02 F.
A.
5
4
g.
5
5
g.
g.
1902
F.
J.
& O.
& A.
& O.
& A
& J.
& N.
M.
Q.-J.
Dep.
& Tr. Co.
do
do
do
Boston, Mass.
do
do
do
do
do
do
<fe
3i3g. M.15&S
S.
Feb. 1, '03, 3%
Apr. 1, 1943
Feb., 1903, 3%
Jan. 1, 1911
Jan. 1, '03.5%
Sept. 1. 1943
1921
1923
PhUa., Broad St. Stat'n. Sept. 15, 1904
May 1, 1913
do
do
dT
Mar. 15, 1932
do
Oct. 1, 1949
Boston, Mass.
Co.'s off., Lebanon, Pa. Jan. 31'03,3%
Apr. 1. 1921
do
do
Feb. 1, 1998
New York City.
N. Y., Morton Trust Co. July 1, 1952
Guar. Trust Co. of N. Y. May 1, 1921
Phlla. & Chambersburg. Apr. 1. '03. 2%
Jan.
Jan.
1,
1.
Lima. O.. to Defiance. 40 mUes; trackage through Lima to be over the
Detroit Southern; extension propped from L'ma to West Mansfield,
40 miles, and trom Defiance tUroughWe.st Unity to Coldwater, 60m.
Milw. RR., foreclosed. V. 75.
Successor. Ang., 1902, to Col. Lima
p. 289, 1147. Stock authorized, per mile, ^f 10,000 each of common and
4 p. c non-cumulative preferred; par of shares, $100. Bonds, see
table above. President. Geo. A. Garrottson; Treas., E. Hope Norton,
33 Wall St., N.Y.— (V. 75, p. 289, 1147; V. 76, p. 804).
&
Columbus Sandusky & Hocking RR.— Road—In
&
1902
fore-
Ohio RR.
closed and divided between Toledo Walhondlng Valley
and Hooking Valley Ry.— V. 75, p. S06.
Columbus
Southern Ry.— Lancaster Junction, O., at a connection vnth the Penn. RR., to South Bloomingvllle, 34 miles; projected
to run from Columbus to Wellston. 100 miles, with branches frou Lancaster, Hamden and Allenville. Incorporated on July 26, 1902. as
successor of tbe Columbus Wellston and Southern RR., sold in foreclosure to J. G. Reeves and associates of Lancaster, O., on Dec. 4, 1 901.
V. 73, p. 1206; V. 75, p. 184. Stock auth., $^,000,000.— (V. 75, p. 239.
V. 75, p. 1202.
Columbus Terminal Transfer
Owns from Columbus, 0„ to Xenla, O.,
Columbus Xenia
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from December, 1869, in connection with that road, to the Pittsburg Cincinnati Chicago & St. Louis, which pays 8 per cent on stock,
but in March, 1901, the 25 per cent from assets was discontinued for
the present. The lease is guaranteed by the Pennsylvania RR. Co. The
C. & X. formerly paid 825 per cent dividend (^5 out of assets) per annum,
2I5 per cent March 10 and Sentember 10 and 2 oer cent June 10 and
Deo. 10, bat in March, 1901, the 25 per cent from assets was discontinued for the present.— (V. 72, p. 532.)
Combination Rrldge (Sioux City, la.)— Owns steel bridge
1,940 feet long over Missouri River, with approaches, 1 mile, used by
railroads and street cars and as a highway. Stock, $1,500,000, all common and all outstanding. Mortgage trustee, Union Trust Co., Indianapolis, Ind. Pres., Jos. O. Head, Latrobe, Pa.; Vlce-Prest., Wm.
Reynolds, Marblehead, Mass.; Treas., T. A. Stoddard, 8t. LouiS, Mo.;
Secy., F. L. Eaton, Sioux City, Ia.-(V. 75, p. 393).
Concord
Montreal
From Nashua, N. H., via Concord, Plymouth, etc., to Groveton and the White Mountains, 450
miles in all, (tnoludlng Manchester
Keene, 30 miles, owned jointly,
&
&
&
RR.—
&
RR.—
RR.—
&
414 miles; 35 mUes double track.
A branch from Concord to
Hudson,
N. H., about35miles,to be operated electrically. Is under con.struction
(18 miles completed in Aug., 1902); $l,000,00o bonds wUl be issued
therefor. V. 71, p. 698, 751; V. 74, p. 727. June 29, 1895, leased to
Boston & Maine for 91 years at rental of 7 p. 0. per annum on all
stock. The stokholders voted on April 8, 1903, to purchase the Concord Street Ry., Concord to Penacook, 8 miles, and to Issue $500,000
stock therefor and to extend the road, etc. V. 76, p. 751.— (V. 74, p.
727; V. 76, p. 212, 751, 810.)
Concord &. Portsmouth
Owns Portsmouth, N. H., to
Manchester, N. H., 40^2 miles. Leased to Concord RR. in 1862 for 99
years; rental, $25,000; 7 p. c. on stock and organization expenses, and
so operated by the Boston & Maine.
RR.—
& Passumpsic Rivers RR.—White River June,
Canada Line. 110 m.; leases 999 years Massawippi Valley, 37 m.
Lease.— From January 1, 1887,
leased to the Boston
<b
Lowell for 99 years on a basis to pay Connecticut & Passumpsic stock
5 per cent till January, 1897, inclusive, and 6 per cent thereafter.
Securities.-Massawippi stock receives same dividends as stock of
lessee, and $400,000 of it [not included in the amount outstanding]
is pledged
as part security 'for 4s of 1893. Of the$2,500,0M
preferred, $500,000, as also $50,000 Massawippi Valley Ry. stock,
are represented by (Connecticut Trust & Safe Deposit Co. of Hartford
5 per cent trust certificates, under which the Vermont Valley has the
right for 45 years from Aug. 1, 1885, to purchase the trust stock at
par and interest and in the meantime receives all dividends above 5
Connecticut
Vt., to
annum on the
Connecticut River
per cent per
stock deposited in trust.
RR.— Owns
— (V. 57, p.
1040.)
from Springfield, Mass., to
Keene. N. H., 74 miles (double tracked, 36 miles)
branches, 6 miles.
In Jan., 1903, purchase of Vermont Valley RR., 24 miles, was proposed. Its $300,000 bonds to be assumed and tstook probably issued
;
76, p. 345.
8.
M.
M.
Columbus Hock. Valley & Tol.— See Hocking Valley By.
ColumbuH & Ijake iniehlsaii RR.— Owns railroad from
& Sontliern Ky.— (See JlTap )— Operates from Orln
Wyoming, through Colorado to Fort Worth, Texas, viz.
3 54
Other lines, br., etc. (106 nar. gan.) 364
....
Chevenne to Grin Junction
Denver to Bessemer Junct CoV. 128 Trackage— PnebYo to Walsenburg
68
(Denver & Kio Grande)
Denver to Lead v. narrow pauefe). 151
Como to Baldwin Mine ( do ). 131
1,121
Total owned and leased
Trinidad, Col., to Texas State line 135
AUn htm aTije interest in Fort Worth & Denver City Ky., 455 miles.
Has traffic and trackage agreement with Union Pad lie, connecting
the Cheyenne <fc Nor. Division with the system at Greeley and Denver;
also over Atchison tracks, Denver to Pueblo, Col. V. 69, p. 179.
Organization.—Succeeded on Jan. 11, 1899, per plan in V. 67, p.
748, the Union Pactflo Denver & Gulf and Denver LeadvUle & Gunnison. Owns a large majority ot the common stock of Fort Worth &
Denver City Ry., which see. Colorado Midland Is controlled jointly by
Colorado & tsoiithern and Rio Grande Western. V. 70, p. 739. In Mar.,
1902, Edwin Hawley, President of Minneapolis & St. Louis RR., and
associates, acquired controL V. 74, p. 679,727.
Voting Trdst.— All classes of stock are vested in the voting trustees, GrenvUle M. Dodge, Frederic P. Olcott, Harry Walters, Henry
Budge and J. Kennedy Tod until Jan. 1, 1904, and then until the first
preferred stock shall have received a 4 per cent cash dividend for
lliree consecutive years. The voting trustees may, however, deliver
the stock at any earlier date.
Dividends.—Dlv. on 1st pref., 1900, 2 p. c; in 1901, Feb., 2 p. c ,
for calendar year 1900: Oct., '01, l^s p.c; in '02, Apr., l^a P.O.; Oct., 2 p.c;
in 1903, Apr., 2 p. c.
Bonds.— The new mortgage is a first lien on all the road, equipment
andother pi operty. $1,226,000 being reserved for the acquisition of
ooal properties, and for future additions, betterments, equlpmenta,
etc., at not exceeding $300,000 a year. Statement to the New York
Stock Exchange in V. 68, p. 1027.
Gross, $4,128,886; net, $982,440
Eaknings— 8 mos., J 1902-3
Gross, 3,687.615; net, 994.903
July 1 to Feb 28.
H901-2
For 5 mos. ending Nov. 30, 1902: Net, $674,737, against $653,393 in
1901; other income, $1,633; charges, $402,058; baL, sur., $274,312.
ANNUAL Report.— Fiscal jear ends June 30. Report for year
1901-02 was in V. 75. p. 607, showing:
1901-02.
1900-01.
1899-00.
Tear ending June 30—
$5,580,327
Gross earnings
$4,794,649
$4,237,743
3.712.300
3.330.774
Operating expenses & taxes. . 4,260.425
Neteamings
$1,319,902
$1,082,349
$906,969
Total net income
$1,379,362
$1,124,524
$945,390
752.603
700.046
Interest on bonds, etc
718.876
!»b26.769
Balance, surplus
$405,648
$245,344
Dividends on Ist pref ..(3i2%)*297,500 (3i2%)$297,500 (2o^).*170,000
' Paid from total surplus, which June 30, 1902, was $807,205.
Officers.— Chairman, GrenvUle M. Dodge, New York City; President and General Manager, Frank Trumbull, Denver, Col.; Secretary
and Treasurer, Harry Bronner, 74 Broadway, New York (Jlty.
Directors.— Grenville M. Dodge, Henry Budge, J. Kennedy Tod, Frederic P.
Olcott. John J. Enery, Kdwarrt J. Berwind Edward C. Henderson, Adoluh
Lewisohn, Edwin Hawley and Harry Bronner, New York City; Harry Walters,
Baltimore. Mo.; Norman B. Ream. Chicago, Ul.; Frank TrumboL, Denver, Col.
—(V. 74, p. 1355; V. 75, p. 342, 607; V. 76, p. 265.)
Colorado Springs &: Cripple Creek District Ry,— Colorado
Springs to Cripple Cre«-k, Col.. 46 miles; Cameron to Victor, 5 m.; electric lines— Victor to Cripple Creek, 6 m.; Vripple Creek to Victor, 5 m.;
branches and spurs, 8 m.; total, 70 miles. (5wned by the owners of
principal mines of Cripple Creek District.
Stock, all outstanding, common, $1,200,000; preferred, 5 p. c. nononm., $800,000. Par of shares, $100 each. Beginning Jan. 1, 1901, a
Sinking fund of 5 per cent of gross earnings for preceding year can retire first mortgage bonds yearly at 110 for the first 15 years, then at
107ifl for 5 years, then 105 for the next five years/then 102ifl for three
years, thereafter at par.
Of the first consol. 58 of 1902, $2,977,000
were reserved to retire the $1,977,000 first and $1,000,000 second
mortgage bonds; in Mar., 1903, $749,000 of ihe second mortgat'e
bonds had been retired and balance was expected to be shortly. V.
g.
4ifl
766,400
2,115,000
4,000,000
1,000,000
1,292.950 8 in
roJorado
unction,
5
5
1,786,200 See text.
5
517,400
100
100
40ifl
Bonds— irmoiINTEREST OR DIVIDENDS.
pal. When Due.
Rate Per When Where Payable, and by Stocks—J^aat
Dividend.
Whom.
Payable
Cent.
$800,000
341,000
$1,000
1,000
50
1895 500 &0.
1,000
1894
100
100
100
100
1,000
1881
1,000
1890
97-'99
....
3^2 per rent gola mortgage, $5,000,000
Copper Bange—lst mortgajie, gold (see text)
Cornwall
47
KAILEOAD STOCKS AND BONDa
|
Ne-wrberry
miles.
;
Columbia Soutbera Ry.— See
Supf, for Jan., 1903.
for its stock.
V. 76, p. 212.
for 99 years from Jan. 1, 1893, to the Boston
Maine, annual rental (as amended Oct. 10, 1895) being 10 per cent per
annum on capital stock), payable directly to the stockholders in semiannual Instalments Jan. 1 and July 1, and in addition thereto interest
on bonds and scrip and $2,000 for organization expenses. Lessee pays
all taxes, operating expenses, etc., but lessor shall issue its stock or
bonds for permanent improvements.- (V. 76, p. 212.)
A
Lease.- Leased
Connecting Ry. (Pblladelpbla).— Owns from Mantua Jnnotion
Frankford Junction, Pa., 7 miles; Germantown Junction to Chestnut Hill, 7 mUes; branches, etc., 29 mUes; total, about 36 miles. A
consolidation Jan. 1, 1902, with the Philadelphia Germantown &
Chestnut Hill, Kensington <te Taconv and other subsidiary roads of the
Pennsylvania RR. V. 73, p. 390. Stock authorized, $5,800,000; outstanding, $3,613,650; all owned by Penn. RR.— (V. 75, p. 1354.)
Copper Raugoll KR.— Calumet, Mich., to Mass City, with
branches; total, Apr., 1903, 105 miles side tracks, 15 miles. Stock,
to
;
SUPPLEMENT.
INVESTORS'
48
LXXVI.
fVoL.
MAP OF THE
nC»
fv \^^6L
DELAWARE & HUDSON
l\VaterIoo
rnlian
RAILROAD SYSTEM.
?
Sutton Jc.
jJ^^7?rc'oyifev^*<..^^'«0£"'SJC;X
Hewpor
JGDENSBURC
—
•v^^^
>
rciaj-ton!
Montpelier JcN-cc:
Clifton
'
at>
••^<
Elizabetlitown-o-.
Tuppe<- £.,
M'ergennes
TKefls Rivep^
^tapp
"^
incent
SCharthoge
V
(.V
/»
rm
=.
-;
Hanmronilvillec
'J
^/e
W^^'^ /''"-''
iLelcester Jc.
S
Sandy
NORTH
.^^J|
Cr;
CREEK^«^
^Xo/.^Jj'/ ifj" V^^'
TheGlenWs
iRlehland
%oonviUe
^y-i""^?"'-a
/
f fl/'
1
RUTLAND
^p
BVI
\Vh1T£HAL[»^o^
^.^^^«^
AVIndsor
*//^
<
\.o
^'^^
Piseco L.
V
..#^ 1^^^"
White R.Junei
Httsford
lartinsbnrg
W.Stony
TONY CREEK*?
^w
aY'-'"'^mjo
J^SUPSrlTpGaNpaJ^^^PT.
^Rupert S
caldv|Ill|
Cc:
111
SEichfield Jc.
Lubui;
Springs
/\
EajlOaUKjlle
/^4oucpDvx,Ai
D^ Ruyter
i/gy
CooperstowTirjr
^Eai-lviUe
o«
N^Norwieh f
^
^"eJ^^^^j^J^^ %\i/
_!^*^^^^r-\l/
AT
.^-^«,a^*lt^ \
_.,^.-^
SV
Milfordfl
)
(-0:.^<',
%
.^^^"
<J/
South VernonI
No/thi.dan^V-S!S;^
..^^^^
I
"§4
%(^ ^J;«-<^ Stamford
•«
q,^
o*. *
J-f*n.
I
oPrattsville
lobart
p
EbrtCrarfe^
c^^»^^'>"°"*
,,ee*-'
-i'.
^^.^-^^^^.'^Cl^
^'»« '"^
iV,
^'
AX.
/X^ownal
^'•^/V^-
''suav'
New Berlin
prtlandA
Sph„.
.
Huntington^.
.I.J
_^
Andes.o
Falen V.
S^alton
Westaeldjf
Summit >i^s.
eposii
i^
Phoenicia^^
1^.
„,
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April,
KAILROAD STOCKS AND BONDS.
1903. J
BABLBOADS.
Miles
Date
Size, or
Amount
Par
of
of
for explanation of colvunn headings, &o., see notes
Outstanding
Boad. Bonds Value.
on first page of tables.
Oumb. Val.—(Oon.)—Ttet. stock ($243,000 2d pf.)
I8tand2dm8., gold (2d$94,000 due Apr, 1908.)
o
Dakota Pacific— iBt M., g., $650,000.IB
Dayton d Mich.— Com. st'k (3>i3p.c. guar.C.H.&D.)
82
40
.
guar. C. H. & D.) endorsed
o
Ist mortgage, guar. p. & 1. end by C. H. <fe
c
Daytondt Vnion RR.—leXTSIL.,&. t. (not dr'n)
Dayton Union A'y.— 1st M., s. f., call at par.F...
Dayton <£ Western— 1st M., guar. L. M. and C. & X.o
Preferred
(8 p. o.
D
Delaware— Stock
o'
Gen. M., gold.FP
Delaware & Chesapeake 1st M., assumed, our..c
Del. <t Bound Sr.—Stock— 8 p. o. gu. Phila. & Bead.
Ist mortgage
2d mortgage, extended in 1899
Delaware HvAson — Stock
iBtM.on Pennsylvania Dlv. ($10,000,000)UnC(fcr
Eqnlpm't M., $150,000 payable May, y'rly.Usm
Equlpm't deb., $2,500,000, $200,000 an'ly, Jan. 1
Adirondack, Ist M. gold,gu. p. &i. end.U8..c*4r
Guaranteed Bonds. —
Hud. Coal Co. deb. go., p. & 1. end., past due, y'ly
Bluff Point Land Improve. Co. l8tM.,gold,guar.o
c'&r
Chat. Ore & I. ,ref. M., call 105. Co.
Albany & Susquehanna BB., N. Y. & Canada
Delaware Lackawanna <6 Western— Stock
Con. M. now Ist on road & equip ($10,000,000) Fo
Delaware Md. A 7"a.— Jonotion & B.— Ist mortgage
Break. & Frank. Ist m. to State, red. aft. Jan.'95.
o*
Other mortgages
142
32
"38
224
117
54
"27
27
rf!
57
,
1901
1890
1902
,
BB.C hatean
i94
39
19
1877
1860
1874
j
j
dk
10
1896
1,000
Conewago,
21*66 miles; branche.s, 4-59 miles. In June, 1901, the Pennsylvania
Steel Co. acquired $540,000 stock. V. 72, p. 1241, 1283.
DlV8.— 5 To 1893 '93'94'95. '96'97'98'99 1900'01'02 1903
4>«5 5i9 6 Jan., 3
4
(Per cent)
to 4 lay rly.
Also in 1892-3 paid special div. of 13%; in 1902, 6% (F. & A.).
Earnings— 8 months. < 1902-03
Gross, $158,484; net, $65,020
Gross, 229,729; net, llu,451
July 1 to Feb. 28.
< 1901-02
In year ending June 30, 1902, gross, $332,943; net, $155,838; in
terest and taxes, $49,320; dividend (6 p. c), $48,000; balance, surplus, $58,518.— (V. 72, p. 675.)
Corvallis 8c Eastern RR.— Owns from Yaqiiina fo Idanah, Ore.,
142 miles. Land grant was 850,000 acres. Organized in Dec, 1897, to
purchase and extend the Oregon Central & Eastern, which was the
eucoessor of Oregon Pacific, sold in foreclosure Dec. 22, 1894. Stock,
$11,250,000; outstanding, $2,115,000. Mortgage provides for extension eastward to Snake Elver in Malheur Co.
Earnings.—In year ending June 30, 1902, gross, $128,893; net>
$34,522 total deductions, $67,220.— (V. 68, p. 474.)
Cotton Belt.— See St. Louis Southwestern By.
624
34
;
Council City & Solomon River RR.— (V. 76, p. 479.)
Cuba RR.— Operates from Santa Clara, Cuba, to Santiago
;
<fe
Phlla. & Chamb«rsburg Apr. 1, '03, 2%
do
do
Apr. 1, 1904-8
& O.
A. & O. Boston, Inter. Trust Co. Apr. 1, 1929
5
Cincinnati.
Apr. 1, '03, XH
3ifl
A. & O.
Apr. 7, '03, 2%
do
Q.-J.
8
J. & J N. Y. Kessler & Co. Cin. Jan. 1, 1911
5
Dec. 1, 1909
J. & D. N.Y., Am. Exoh.Nat.Bk
7
4g. J. & J. N. Y., Farm. L. & Tr. Co. July 1, 1949
6&7 J & J. N. Y.. Bank of America. Jan. 1, 1905
Checks maUed.
Jan. 2, '03, 3%
6 in 1902 J. & J.
4l3g. J. & J. Phlla., Broad StStation July 1, 1932
4'
Feb. 1, 1912
F. & A.
do
Q.-F. PhUa., 240 So. Third St. Feb.20,'03,2%
8
F. & A. Phila., Guar.T.A S.D.Co. Aug. 1, 1906
7
M. & N. Phila.,240 So. Third St. Aug. 1, 1905
4
7 In 1902 — Moh. N. Y.Of .,21 Cortlandt St. Mar 16,'03,1%
do
Sept. 1, 1917
t & S.
do
7
Slag. M.15&N
do
Yearly to 1909
do
do
1904 to 1915
4
do
J. & J
4l2g. M. & S.
do
do
Dec. 1, 1948
4
M. & N,
do
do
May 1, '04-18
J. & J,
do
do
Jan. 1, 1940
J,
do
do
Jan. 1, 1942
4 g. J.
Bing.RB Sohen eotady & Duanesburg — See those oos.
7 in 1902 Q.-J. N. Y., 26 Exchange PL Apr.20,'03,1%
M. & 8.
do
7
do
Sept. 1, 1907
3
J. & J. PhUa., Broad St. Station Jan. 1, 1938
do
do
3
J. & J.
Jan. 1, 1938
8
8
,
,
\
<fc
.,
1.300,000
Dayton
Q.-J.
A.
g.
g.
4
5g.
J.
&
J N. Y., Kniokerb.
4g.
F.
&
A.
do
do
Tr. Co.
PhlladelphU. Pa.
Overdue.
Mar. 1, 1953
Aug.
1,
1936
& Union RR.— Owns
from Dodson, O., to Union City,
Ind.. S2 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47
miles. Operated by Cleveland Cum. Chicago & St. Louis, which, jointly
with the Cincinnati Hamilton & Dayton, owns the capital stock.
All surplus earnings over Interest goes to a sinking fund for the redemption of bonds at not above 100. Capital stock, $86,300. For year
ending Oct. 31, 1902. gross, $148,009 net, $32,363; other Income,
;
$10,125; charges, $40,040.
Dayton
&
RR.—
Western
Owns from Dayton, O., to State line
Ind.. 38 miles, and leases 4 miles to Eiohmond, Ind. Leased from Jan. 1
1865, for 99 years, renewable forever, to Little Miami, and so operated
by Plttsb. Cin. Chic & St. Louis. Under terms of the lease, upon payment of the D. W. bonds the Little Miami will become sole owner
&
& W. Of bonds $32,000 are 7s. Stock, $309,276.
Delaware RR.-Shellpot Crossing, Del., to Dehnar, Md.,
of the D.
95-22
miles; branches, CentreviUe, Md.,toTownsend, Del., 35*15 miles; Clayton, Del., to Oxford. Md., 5430 m.: Seaford, Del., to Cambridge, Md.,
32-97 m.; Clayton, Del., to Cheetertown, Md., 29*87 m.; other branches,
10-46 m.; total, 257-97 miles. V. 67, p. 1356.
Leased till May 1, 1927, to the Philadelphia WUmlngton & Bait,
which owns $1,664,475 of the stock; rental net earnings—see V.
64, p. 1000. Dividends 1898 to Jan., 1903, Inclusive, 6 p. 0. yearly. In
Sear ending Oct. 31, 1902, gross, $1,931„758; net, $564,691; other
icome, $24,577; Interest, taxes, etc, $377,382; dividends (6 p. o.),
$179,230; bal., sur., $32,655.-(V.68,p. 129.)
Delaware
& Bound Brook RR.— Owns
from Bound Brook
(Central of N. J.) to Delaware Elver, 27 miles; branches to Trenton, 7;
all track 77 nules. In May, 1879, leased for 990
years to Phlla. & Beading EE. for $267,000, paying Interest and 8 p. o.
on stock; lease assumed by Phila. & Eead'g Railway.— (V. 68, p. 722.)
Delaware
Co.— {See ifop.;—Operates railroad Unea
from Wilkesbarre, Pa., via Albany, NT Y., to Bouse's Point, on
Canada Une, with branches, 717 mUes
all,
V. 68, p 871.
Lines owned—
MUes.
Lineslea»ed ^Seetheseeos. Milet.
second track 27 miles
;
& Hudson
de
Cnbd, 354 mLes, of which Santa Clara to San Luis, 334 miles, is owned
and balance controlled; also owns branch, Zaza Zaza Joe. to Sancti
Splritus, 9 miles; total owned, 343 miles; controls Ponupo branch, 12
miles, and lease* Juoafo to San Fernando, 57^ miles; total operated,
432^ miles. Branch under construction from Alto Cedro to the Bay
of Nipe, 30 miles. See V. 75, p. 1147, 1347.
Stock authorized, $10,000,000 each of common and 6 per cent non<jum. pi ef.; outstanding, common, $6,000,000; pref $8,000,000; par
of shares, $100. Bonds, see table above. President, Franklin B.
Lord; Vlce-Pres., Peroival Farquhar; Treas., James I. Burke. OtHce, 83
Montgomery St., Jersey City, N. J.— (V. 75, p. 1147, 1307.)
Cumberland & Pennsylvania RR.—Owns from Cumberland,
Md., to Piedmont, Md., and several branches, 57 miles. Owned and operated by Consolidation Coal Co., which guarantees by endorsement the
first mortgage. V. 52, p. 390. Stock. $1,500,000; par, $100.
For year
«ndinKJune 30, 1901, gross, $812,077; net, $364,492 charges, $93,202; dividends, $82,968; bal., sur., $188,322. In 1899-0, net, $164,102.
Cumberland ValleyRR.-Owns from Harrisburg, Pa., to Potomac
Blver, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— (Cumberland Valley & Martinsborg Ballroad, 34 miles; Dillsburg & Mechaniosburg Bailroad, 7 miles;
Sonthem Pennsylvania BaUroad, 21 miles; leases Cumberland Valley
A Waynesboro BB., 18 mUes; total operated, 163 miles.- (V.61,p. 152.)
Stock.-Pennsylvania BE. owns $975,850 com. and $237,200 pref.
Dividends.- In 1880 to 1884, 10 per cent yearly; from 1885, to
April, 1903, both Inolnsive, at rate of 8 per cent yearly.
Earnings. -2 months, ) 1903
Gross, $253,300; net, $42,189
Jan. 1 to Feb. 28.
Gross, 165,521; net, 58,808
S 1902
RSPORT.— Earnings entire line as followe:
Tear.
Gross
Net
Int., etc.
Dividends.
BaL.surp.
1902.... $1,256,501 $378,702 $62,059
$174,415
(8 p o.)$142,228
1901.... 1,131,531
425,482
218,004
65,250 (8 p.o.) 142,228
-(V.66,p.T06;V.68,p. 668; V. 70, p. 580; V. 72, p. 391, 532.)
Dallas Cleburne Sc Sontbwestern Ry.— Oirns Egan, on Mo.
Kan. & Texas BR., to Cleburne, 10 miles. Operated from Deo. 1, 1902.
Extension proposed from Egan to Dallas, 27 n lies, and from Clebome to Glenroee, 50 miles. Lsased to Mo. Kansas
Texas By. V.
76, p. 48. Bonds authorized, $142,000 first mort. 30-year gold 58. PresMyers,
aebume, Tex.— (V. 76, p. 48.)
ident, W. D.
Dallas Terminal Railway & Onion Depot Co.—Terminal
property at Dallas, Tex. Stock authorized, $500,000 (par $100);
Said In at last accounts, $38,700. The stockholders voted on
[ar. 9, 1903, to Issue a first mortgage to Iseoure $2,000,000 bonds
to extend the road and take up existing bonds. (V. 70, p. 157, 653.)
Dayton dc Itlichlean BR.— (See Map Oin. Ham. <e Z>oy.— Owns
Dayton, O., to Toledo June, O., 141 miles. Trackage Into Toledo, l^m.
Lease.- Leased May 1, 1863, In perpetuity to Cincinnati Hamilton &
Dayton. Bental is the Interest and sinking fund of debt, and 8 per
cent on preferred stock and S^a per cent on common.
Sbcurities.- Guaranty on preferred is secured by mortgage of 1871.
but the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 Is neld alive under mortg. of 1881, which is therefore a first lien.
Dayton Union Ry.— Union depot at Dayton, O. Stock, $321,000
All common, aU outstanding. Pres,, M. E. Ingalls; Sec, Balph Peters,
Treas., O. G.Waldo. Ottice, Cincinnati, O.— (V. 73, p. 1263, 1312.)
,
Bonds—PrtnoiINTEBEST OB DIVIDENDS.
pal,When Due.
Bate Per When Where Payable, and by 5<ocfc«— Laat
Payable
Whom.
Dividend.
Cent.
(?)
1902, gross, $207,812; net, $76,176; interest, $66,470: bal., sur., $9,706. President, William A. Patne. Boston; Seo. and Treas., Frederic
Stanwood, Boston. Office, Houghton, Mich— (V. 70, p. 230.)
Cornwall
V. 74, p. 1139
M
2,401,900
1,211,250
2,728,000
225,000
489,000
495,000
2,987,125
500,000
400,000
1,800,000
1,500,000
300,000
34,407,100
5,000,000
1,050,000
2,100,000
1,000,000
3,115,000
300,000
1.300,000
gay BB, ,UticaClin.&
50
26,200,000
1,000
3,067,000
All.
185,000
All.
200,000
650,000
$2,605,100; par of shares, $100. ControUea in Interest of Copper Eange
Consolidated (Bllnlng) Co. Bonds limited to $20,000 per mile of main
line and branches and $15,000 per mile of sidings. For 8 mos. ending
Feb. 28, 1903, gross, $238,593; net, $110,092. Year ending June 30,
RR.—
Cornwall & Lebanon RR.—Owns Lebanon, Pa., to
$484,900
233,500
650,000
1,000
1,000
1,000
196'3
Northampton— iBt M., $2,500,000,g.,8.f.K
Delaware River RR. dt Bridge^
let M., $1,300,000, g.,gu. p.Al.,Penn.BB.T.o*
Delaw.
$50
1856 500 &o.
1899
1,000
50
1871
50
1881
1,000
1879
1,000
1899
1,000
1864
1,000
25
1892
1,000
1882
1,000
100
1875
1,000
1879 100 &0.
100
1877 l,000&c
1899
1,000
1900 10,000
1892
1,000
49
m
—
Lackawanna & Susquehanna.. 22 UAlbany & Susquehanna
142
17 ilNew York & (Janada
150
Honesdale Branch
28 ilRensselaer & Saratoga
192
Schenectady & Mechanlcvllle. 10 llUnion BE
22
Cherry Val. Sharon & Albany 21 IT Jefferson EB. (trackage)
35
iTSchenectady <fe Duanesburg.. 14 Otherllnes
7
57
If Adirondack By
Total operated
717
Also leases Utlca CUnton & Binghamton and Rome & Clinton BB.,
44 miles, sub-let to New York Ontario & Western. Operates since
Jan. 1, 1903, the Chateaugay EB. system, Plattsburg to Saranac Lake
and Lake Placid, 83 mUen. V. 76, p. 101.
History. Etc.—This company was chartered April 23, 1823. It is
one of the largest miners and carriers of anthracite coal.
Dividends. 5 '83 '84 '85 '86 '87 '88 '89to'96 '97 to '00 '01 '02 1903
Since '82.% i 7 7 6 5
5 6 7 y'rly.
5y'rly. 7
7Mar.,l\
Dividends for 1903 fixed at 7 p. c, payable quarterly. V. 76, p. 48.
BoND8.—In 1899-00 Issued $4,000,000 equipment trust 3 »«s and debenture 4s, of which $650,000 have been paid and the balance is payable $350,000 yearly. V. 68, p. 670; V. 69, p. 1193; V. 70, p.l25.
Chateaugay Ore & Iron Co. $1,500,000 bonds are guaranteed by the
D. <fe H.. $250,000 additional may be issued for future purposes and
$200,000 to retire in 1907 $200,000 Chateaugay By. 6s. V. 73, p. 1263.
General Finances.- On May 9, 1899, the stockholders voted to set
aside every year, as a sinking fund to retire stock and bonds and
guaranteed securities, an amount eqaal to at least five cents per ton of
coal sold or $175,(X>0 to $200,000 per annum, to be charged against
Income account each year. (V. 68, p. 926. See ordinance
full, V. 68,
Estimated amount of coal owned and controlled Jan. 1,
p. 1180.
1903, 228,401,765 tons. In 1900 $200,000 stock was retired from proceeds of the sinking fund; $141,800 In 1901; $151,100 in 1902 and
$100,000 in 1903.
Annual Beport.— Fiscal year ends Deo. 31. Annual meeting is held
on the second Tuesday in May. Beport for 1902 was in Chronicle.
VaUeyBE. ofPa
m
V. 76, p. 538. Coal (anthracite) carried In 1902, 4,640,772 tons; in
1901, 7,571,298 tons; In 1900, 6,228,770 tons.
Year ending Dec. 31—
1902.
1901.
1900.
Earnings of railroads
$11,050,690 $12,178,683 $11,485,187
Net (railroads)
4,361,540
5,801,602
5,455,769
Interest, taxes and rentals
2,977,120
2,998,672
2,941,873
Profit from railroads
Net coal dept.
$1,384,420
*1, 258,363
$2,802,930
-1,801.146
$2,513,896
673,494
Total profits
$2,642,783 $4,604,076 $3,187,390
Ded»/cf-Depreciation of plant.
$
$1,000,000
144,907
233,369
5% sink, fund on coal mined.
Dividends
(7)2,450,000 (7)2,425,850 (5)$1,750,000
Balance, surplus..
$47,876
$944,409 $1,437,390
•Earnings of the coal department In 1902, $12,320,904; expenses.
$11,062,541; net, $1,258,363. In 1901, $17,318,770; expenses, $15.517,625; net, $1,801,145.
Officers.- President, Robert M. Oiypnant; Treasurer, C. A. Walker;
Secretary, F. M. Olyphant, 21 Cortlandt St., New York.
:(0
INYESTORS' SUPPLEMENT.
fVoT,.
LXXVI.
RAILKOAD STOCKS AKD
Apbil. 1908.]
RAILROADS.
Miles Date
&o., see notes
For explanation of column headings,
on first page of tables.
—
Drifton, Pa.
$1,500,000 5 in 1992 M. & N.
6
627,000
See text.
4g.
.
100 38,000,000
Office, 195 B'way, N. Y,
100 44.400,000 5 in 1902 J. &
4 g. IJ. & J. N. Y. Fourth Nat. Bank,
1886 500 (fee 33,450,000
4i3g
do
& J.
do
6,382,500
1,000
1886
do
& D.
do
8.120,000
3 K
500
1888
N.
Y.,
Maitl'd,
C.
& J.
4 g& Co
1890
1,000 X2,277,000
do
D.
<fe
do
5 g1.850.000
1,000
1889
N.
Y.,
&
J
Morton
Trust
4 gCo
1889 l,000&c 15.200,000
do
4 g& O.
do
1899 l.OOO&c 12,276,600
do
do
4
&
O.
650,000
g1,000
1898
do
5 g& s.
do
750,000
1,000
1901
do
do
& J.
5
1,174,000
g1,000
1898
Checks mailed,
3,000,000 See text Q.-P.
100
do
do
2,000,000 See text. Q.-P.
100
5 g. J. & D N.Y..Farm. L. <Sc T. Co.
491,000
1,000
1895
5g. J. <te D. N. Y., Kessler & Co.
1,000 114,923,000
1899
4,283,000
100
763,500 7 in 1902 August. Chicago, C. R. I. & Pac,
100
4
J. <fe J N. Y., First Nat. Bank.
1,200,000
1874
1,000
& J
do
2^
do
1,200,000
1874
1,000
do
& J
4
672,000
do
1881
1,000
& J N.Y., Colonial Trust Co.
l.OJO.OOO
5g.
1901
1,000
400.000
100
N. Y., Central Trust.
671,000
1,000
g- M. &
1887
A. &
< Nat. Bk. of Comm'oe
2,000,000
1878
1,000
A. &
3,200.000
I N. Y. and London.
1878 200 &0.
N. Y. Farm. L. & Tr. Co
J. &
1,350,000
100
,
'
1
55
75
"4
189
Ifit.— 1st equip. M. gu
189
c*
Consol. mort., guar, (option— see text)
65
Detroit Hillsdale <£ S. IT.—St'k,4p. c. rent'l.L.S.&MS.
Detroit Grand Rapids dk Western— See Pere Makq UETTB
in treasur y and
IT Of which $100,000 on Nov. 30, 1902,
Managers— Robert M. Olyphant (one vacancy), Alexander
,
BB.
$284,000 In th e sinking fu nd.
E. Orr.
Chaun-
<;ey M. Depew James W. Alexander. Horace G. Young. Jobn Jacob AsSuydam Grant.
ter. K. Somers Hayes. Frederic Cromwell, David WlUcox.
George I. VVilber, C. A. Peabody.— (vr. 'iS.p. 1364; V^.7tJ. p. 18. 101, 477t D3s.)
B
Delaware Lackawanna
& Western
RlR..—(See Map.)- Operopposite N. Y. City, to Buffalo. N. Y.,
ates main line from Hoboken. N. J.,
410 miles, with branches to anthracite region, etc., 490 mUes, viz.
Lines leased—^ See each co. Miles.
Miles.
Lines owned—
97
N.J. State line to N.Y. line. ...114 UUtica Chenango & Susq
11
Br'nohe8toN'rthumberl'nd,&o. 80 ITVaUey RR. of N. Y
—
Cayuga Susquehanna
ITOswegoA Syracuse
ir
34
35
<fe
19
48
TTWarren
Lines leased
& Essex and branches.157
ilN.Y. Lackawanna & Western. 214
irSussex,
lIMorris
Bangor
&c
&
Portland By., &o.
47
(V. 72, p. 435)
—
|
Total operated Jan., 1903.. 947
81
lISyraouseBlng. &N.Y
present title
fliSTOKT, Etc.— Original company chartered in 1832
assumed in 1853. No sub-companies (coal and mining) are controlled,
the railroad owning Its anthracite mines.
'82-'84
'85
'86 to Apr., '03
DIVIDENDS—
J 1881
719
7 yearly.
< 6%
8 yearly
Since 1880, p. c.
Finances.-The refunding of Morris & Essex bonds maturing prior to
Nov., 1902, reduced the guar, interest charsres of the latter about
$200,000 yearly; Warren RR. refunding in 1900 and 1905 wiU reduce
charges about $50,000 annually. V. '0, p. 477; V. 71, p. 1066.
ANNUAL Report.— Fiscal year ends Dec. 31. Annual meeting is held
on the Tuesday preceding the last Friday in February. The report for
1902, with balance sheet, was In Chronicle, V. 76, p. 477. See also editr
orlal, p. 456. The f ol lowlne includes all lines except Syr. Bingh'ton &
N. Y., Sussex RR., Bangor & Portland and Lack. & Montrose BB.:
1900.
1901.
1902.
Year end. Dec. 31.
$4,186,232
$4,592,036
$4,522,383
Passenger earnings
15,195,510
17,418,033
15,159,344
Freight earnings
1,506,021
1,567.218
1,647,384
Miscellaneous
$21,398,764 $23,507,634 $20,887,763
$6,265,484
$9,122,216
$6,921,342
Net after taxes
*1,200,082
*792,477
*1,638,643
Coal department (net)
641,943
401,519
441, 39()
Other miscellaneous income..
$8,107,509
Total net income
$8,115,338 $11,2^7248
$5,365,012
Interest and rentals
$5,250,213
$5,387,854
261,212
12,2b5
l.»3,627
Rentals, advances, etc
2,523,127
Benewals and betterments
3,058,149
1,834,000
Dividends (7 p. 0)
1,834,000
1,834,000
Balance after dividends. ..def.$2,180,652sr.$l,196,054 sur.$896,232
* Earnings of the coal department in 1902. $19,445,950; expenses,
$18,653,473; net, $792,477; in 1901, $28,00«,747; expenses. $26,370,104; net. $1,638,643; 1900, $22,261,887; expenses, $21,061,805; net,
$1,200,082.
Officers.- President, W. H. Truesdale; Chairman of Board, Samuel
Sloan; Sec. and Treas., Fred F. Chambers, 26 Exchange Place, N. Y.
Board.— SHmuel Sloan (Chairman), Fredk. W. VanderbUt, Wm. W. Aster,
Eugene HipBins, Henry A. C. Taylor, J. Rogers Maxwell. Geo. F. Baker, Wm.
Rockefeller, Hamilton McK. Twombly, Jwrnes Stillman.M. Taylor Pyne, Harrig
C. Fabnestock Frank Work. John D. Kockefeller Jr.
—(V. 75, p. 289, 1086; V. 76, p. 48, 477, 541.)
|
;
DelaAvare Maryland
Sc
Virginia RR.— Owns from Harrington
to Rehoboth. Del., 44 miles; Georgetown to Franklin (Jity, Va., 54 miles
total, 98 miles. Controlled by Phila. Bait. <fe Wash., which owns $326,200 of the $526,758 stock (par $25i, and so by Pennsylvania RR. See
V. 50, p. 498. Loans and biUs payable, Oct. 31, 1901, $184,800; other
floating debt, $472,092. In year ending Oct. 31, 1902, gross, $263,181;
net, $40,7f6; interest, taxes, etc., $48,718; balance, deficit for year,
$7,932, but this does not include interest on the floating debt.
& Nortbampton RR.—V. 76, p. 810.
Delaware River RR. & Rrldge Co.—Owns a bridge over the
Delaw^are
Delaware River near Philadelphia and about 10 miles of connecting
railroad. Capital stock ($1,300,000) is all owned by the Pennsylvania
RR., which guarantees the bonds, principal and Interest, by endorsement on each. Dividend for 6 mos., 2 p. o., paid Dec. 1900; 1901, 4
p. 0. (2 J. & D.); 1902, Dee.. 2 p o. Sinking fund is one p. c, but bonds
cannot be oaUed. See bonds and guaranty in V. 63, p. 1062,1159.
Delaware Snuqnebanna & Schnylklll RR.—Owns mainline
from Drifton, Pa., to Gowen, Pa., 31 miles; branches, 17 miles; total
owned, 48 miles. Trackage— Lehigh VaUey RR., etc., 133 miles.
Opened Feb. 15, 1892. The road is controlled by Coxe Brothers & Co.,
Inc., the coal miners. Dividends Oct. 18, 1892, 40 p. c. in cash Nov.
25, 1893. 20 p. c. in cash and 50 p. c. In stock; Sept. 26, 1894, 2628 p. C.
In ca-ffi; Nov. 1, 1899, to Nov. 1, 1901, 4 p. 0. cash yearly (paid M.-N.);
;
in 1902, 5p.
o.
V. 75, p. 666.
Earnisos.- In year 1901-02
est,
$14,029
;
Nov.
1
I
41
127
.
<t
I
1, '02,2 1«
"1952
1
—
Grand Haven
I
50
W
Detroit
Bonds— Piinoi*
INTEREST OB DIVIDENDS.
pal. When Dae.
Amount
^^^^'^^^ Rate per When Where Payable, and by Slocks— Last
Outstanding
Payable!
Whom.
^ent.
Dividend.
1890
1902
Pref. stock, 5 per cent non-oum., $44,400,000. Tr
let cons. mort. tor $42,000,000 >
,^ jj (,.^r 1,664
1,621
(now 1st mortgage)
5
Imnrovement mort. ($5,000 per mile) g.. Ps.o'&r 1,621
180
Bio Grande Soutli'n 1st mort., guar.Ce
62
Rio Grande Junction Ist mortgage, guar..Ce-C*
Bio Grande Western. Ist M.g.(V.69,p.284)Ce.c* 436
606
o.c
Ist cons, mort., red. at par, see text, gold.
33
Utah Cent. 1st M., guar. V. 68. n. 724, g.ITIo.
Utah Fuel Co., Ist M., $2.000,000, red. llO.lTIo
Pleasant Valley Coal, Ist M., s. f., red. 115.Mo
Common stock
et Southwextern
Preferred stock, 5 percent, non cum
F.c*
Mid. Term. Ist mort., gold, sink, fund
Gen. M., $5,500,000, 8. f., not subj. to caU.Co.o*
Dea Moines <£ Fort Dodge— Common stock
Preferred stock, 7 p. o. non-cum
s Series A.int. guar., end..
secures
IstM. >
Do. S IJOth equally t Series B, int. guar, end.. F
Ist mort. on exten.. Tara to Ruthven. int. gu.
i).Jlfo.7a. r.ce iVo— 1st M..$14,000 p.m.. g.red.Col.c*
Des Moines l7?uon— Stock, $2,000,000
Ce.C
IstM. for $800,000, gold
o*
Par
of
of
Road. Bonds Value.
Delaware Susg. <£ 8. iJiJ.—Stock (auth. $1,500,000)
Denver Lakewood <£ Golden— \&X, mortgage. F
Denver Norlhw. <£ Pae.—lBt M., $22,500,000, g.Me
Denver <t Rio Grande— 8U>c^, com., (see text)... Tr.
Denver
Size, or
ai
BOJJTDS.
gross, $876,240; net, $113,188
depreciation, $61,259. -(V. 75, p. 666.)
;
Inter-
Denlnon Bonham 4c fiew Orleans Rv.- Denison to Bonham,
Tex, 29 miles. Operated since completion Dec. 1, 1901, by the Mo.
Kansas & Texas under a ten-year contract. Stock, $180,000. In Feb.,
1903, permission was given to issue .$325,000 thirty-year gold bonds.
on road between Bonham Jet. and Bonham; V. 76, p. 381. President,
Ed. D. Stager; Sec, John W. BusseU.— (V. 74, p. 1195; V. 76,p.381.)
X A ISO
Jan. 15,'03,2i«
Jan. 1. 1936
Jan. 1, 1936
June
July
Dec.
July
Apr.
Jan,
Mch.
July
1,
1,
1,
1,
1,
1,
1,
1,
1928
1940
1939
1939
1949
1917
1931
1928
Peb.20,'02,lifl
Feb.20, '02,114
Dec. 1, 1925
Dec. 1, 1929
Aug.
1, '02,7%
Jan.
Jan.
Jan.
1, 1905
1, 1905
1, 190.'S
1, 1931
July
Nov. 1. 1917
Nov. 14, 1918
Nov. 15, 1918
Jan. 5, '03,
2%
$2,2 33,000 not guaranteed.
Golden RR..— Embraces 27 miles of
Denver Lakewood.
which 22 steam, Denver to Ralston, and 5 trolley, Denver to
Bamum. W. W. Borst, receiver. On May 17, 1902, foreclosure decree
<fc
track, of
was entered.
V. 74. p. 1139. Stock. $1,000,000. For 1901-02, gross
$68,660; net, $17,489. President, Samuel Newhou8e.—(V. 74, p.ll39.)
Denver North western Pacific Rf.— Building from Denver
to Salt Lake, about 500 mUes, along a line about 100 miles south of
the Union Pacific and 125 miles north of the Denver
Bio Grande.
By arrangement with the San Pedro L )S Augeles <fe Pacifi j a line will
be established tlirough Colorado, Utah, Nevada and California. Expected to be completed in about two years. See V. 75, p. 289.
Contracts have been let. See V. 75, p. 906. Incorporated in Jolv
1902, with $20,000,000 authorized stock, of which $10,000,000 pr^
ferred 5 per cent non-cumulative, all to be issued for construction
together with $20,000,000 of the $22,500,000 4 per cent bonds. V. 75,
President, David H. Moffatt; Vice-President, W. G. Evans;
p. 1147.
Treas., W. E. Boss-Lewin; Sec, F. B. Gibson.— (V. 75, p. 906, 1147.)
&
&
Denver & Rio Grande RR.— riSee Jfap>—Road—The llnesof this
company, together with those of the Rio Grande Western Ry., whose
stock is substantially all owned, well shown on the adjoining map,
reach aU the important oolnts in Colorado and extend into Utah. Its
standard-gauge line extends from Denver via Pueblo westerly, via
Leadvllle and Grand Junction, to Ogden, Salt Lake City, &c., viz.:
Miles.
MUe$.
Of the jpreceding:
Road owned and operated... 2,328
(leased)
62
Standard
Rio Or. Jc. RR., etc.
gauge
.1,470
Narrow gauge only...
920
1902
track
Total June 30,
2,390 2d
and 3d raU..
381
North Fork branch, 43 miles, was completed in Jan., 1903.
History.— Reorganization of a railway company of same name foreclosed July 12, 1886. The Rio Grande Junction is leased jointly by
this company and the Colorado Midland, and its bonds guaranteed.
The Colorado Midland is controlled by parties interested severally in
the D. & R. G. and Colorado & Southern. V. 70, p. 739.
The Missouri Pacific early In 1901 acqmred $14,800,000 common and
.
.
$7,300,000 preferred stock, this, together with the Rockefeller interests, it is understood, constitutine: a considerable majority of the entire stock.- V. 72, p. 338, 580, 1238 V. 73, p. 506.
;
020022
Dividends since ) '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 1903
2ia 4
91 in pref., p. cents
5 Jan., 219
Stock.— During 1901-2 pref. stock was increased from $23,650,000 to
$44,400,000. Of the new preferred $12,500,000 was subscribed by
stockholders at 90 and used to acquire the entire Rio Grande Western common stock, the remaining $S, 250,000 being issued in exchange
for substantially all the $7,500,000 R G. W. pref. stock on basis of 10
shares of Western for 11 shares of Denver stock. Through the Bio
Grande Western the Utah Fuel Co. was acquired. V. 72, p. 775.
45
Bonds.— Consols of 1886 for $6,900,000
Ogden (made unnecessary by
originally reserved for exaeqaisition ol Rio Grande
used
for
other
capital
Western) may be
requirements. V. 73, p. ,507,
See abstract of mortgage in Chronicle, V. 47, p. 228.
The improvement mortgage abstract was in Chronicle, V. 47, p. 229.
Abstract of R. G. W. 1st mort. was in V. 49. p. 237, and statement
to New York Stock Exchange in V. 50. n. 73; also V. 69, p. 284.
The Rio G. W. first consol. 4s Tof 1899 are secured by a first mortgage, either directly or by all their securities, on 173 miles of branch
lines, and further by a second lien on 438 miles of main line and other
road, and on aU new mileage to be constructed and rolling stock purchased, including 50 miles of branches to Heber and coal mines built in
'99; $15,200,000 are reserved to retire the l.st 4s, $2,163,000 were exchanged for $2,850,000 treasury branch line bonds; $10,000,000 have
been sold; $8,000,000 were issuable at not exceedini; $500,000 per annum for equipment and improvements. They are also secured by a
first lien on the entire $10,000,00t» stock of the Utah Fuel Co. Additional consols may also be issued at $20,000 per mUe for future
branches and extensions or for underlying liens of acquired roads.
See application to list in full. V. 72, p. 537. V. 72, p. 775, 1189. List
of securities deposited as collater<*l June 30, 1902, V. 75, p. 617.
Latest Earnings.— From July 1 to Feb. 28, 8 months
tension to
Gross.
8 mos.—
1902-3... $11 ,792,254
1901-2... 11,636,781
Net.
Ot/i. inc.
O/iarges.
Sal., tur.
$4,711,997 $152,246 $2,620,454 $2,243,789
4,378,503
148,312
2,473,3ci7
2,053,471
ANN0AL Report.— Full report for 1901-02 In V. 75, p. 606, 614, the
Rio Grande Western being Included in 1901-2 only. For 1 900-1, gross,
earnings, including the Rio Grande Western, were $16,359,610, agst.
$17,036,829 in 1901-2, as below; net, $6,705,286, against $6,012,473. Bee also p. 582.
1901.
1902.
1900.
rear ending June 30—
1899.
1,668
1,674
Averagemllesoper'ted
2,347
1,670
$
$
$
$
17,036,828 11,452,404 10,246,080
Gross earnings
9,270,246
6,705.286 4,328.506 3,760,241
Net earnings
3,559,897
111.374
113.6-14
165.762
Other Income
110,327
6,871,U4-< 4,4a»,Be50 3,873,a2d
Totfil net i noome .
.
3,670.224
2,b98.093 1,855,122 1,882,106
Interest on bonds
1,900,810
580.016
396,471
Taxes and Insurance..
357,527
337,552
500.000
equipment
130,161
New
177,590
272.864
310.314
Miscellaneous
319.829
275,133
Dividend on pf. Btk..(5)2,220.000 (5) 1.182-500 ( 4)946 .000 (4)946,000
362,625
73U,»24
Balance, sorplos.
238^302
33.1o9
52
INVESTOKS' SUPPLEMKNT.
[Vol.
LXXVI.
April,
EAILROAD STOCKS AIJD BONDS.
1903. J
RAILROADS.
Date
Miles
Size, or
Amount
Par
of
of
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding
on flrst page of tables.
I
Detroit Laming dk Northern^— See Peke Marqcett E RR.
All
1895
Detroit <t M<ick.—"\st Uen," $1,500,000. g.Mo. .c'
All 1895
"Mort. bonds" $2,500,000 gold.red.atpar.Mo.c*
Detroit Monroe dk Toledo— See L. Shore & Mich. 8o.
263 1901
Det. 8o.—lBt M., g., $4,500,000, red. to '06 at 105,Ce
c*
383 1901
Mortgage, $10,000,000 gold.Co
Ohio South'n, equip, notes, due $6,560 monthly.
51 1903
De/.rfToi.SA.jD.— l8tM.,$3,000,000,g.gu.p.<fcl.en.tert
Dover dt JJoc/fcaway—8tock,6 p. o., rental 999 years.
1881
let mortgage
Dub. <t 8. Oity—Vd. Cen., W. lines, 1st M:.,g.Us.o*&r 218 1895
184 1869
Iowa Falls & Sioux aty Ist M., la. F. to 8. City
"5
.
Cher & Dafe.,C. R. &C. and OmahaDlv.,eto.,lstM.
c&r
DuXulh dk Iro7i Range— Ist mortgage. HI p
2d mort., currency, red. at 105, $5,000,OOO.Ce.O*
Duluth Missabe d North'n—lBt mort., gold, s. f
Ce
Ist consol.M., $3,500,000, g., callatlOS
Ce.c
2d mort. ($5,000,000) gold, red. at 105
Duluth So.8h.<6 Atlantic— Ms^q^.S.&On.genM.Ce.o'
Duluth South Shore & Atlan., Ist M., gold.Ce.c4r
First oonsol. mort., gold, interest guar.Ce.c*(fcr
Inc. certs. ($3,000,000 held by C. Pac. July, '02)
Oar trusts July 1, 1902
Dul. Ta. <£ Rainy Lake— 1st M., $2,000,000, g...c*
Dunk. Al. Val. <e JHttsb.— 1st M., old 78, to be refund.
England.
Dutcfiess County-Bee Cbntral
New
r
Bast Broad Top RR. <fi Oooi— Ist mortgage
East Mahanoy RR. Stock
East Pennsylvania^-Stook 6 p.o gu.999 yrs.PhlL&R.
IstM., gold, guar. p.&l. by P. & R. RR. (end.)..-c*
East Tenn. Va. t6 6a.— Bee Southern Rt.
—
Oar.— l8tM.$250,OOO.GuP.our.o.
Eastern Kentucky Ry.—Stooii ($1,779,500 is pref.)
.Btwi Tenn.cfiTT.JV^.
1,000
1,000
1873
1,000
1888
31
1881
1,730,450
1,000
495,000
100
250,000
3.447.300
&
Ry.—
gauge. Incorporated in Nov., 1899, to acquire Midland Terminal
Ry., Florence & Cripple Creek RR., Golden Circle RR., La Bella MiU
Water & Power Co., Colorado Trading & Transfer Co. and $225,000
bonds of United States Reduction & Refining Co. See prospeocus, V.
69,p. 851,1011, 1103; V. 72, p. 984; V. 74,880; also adv. in CHRONICLE
of March 3, 1900, p. ix.
Stock and Bonds.—Common stock, $3,000,000; 5 p. c. non-oum. preferred stock, $2,000,000; all issued. Of the gen. mort 30-year 58 $577,000 were reserved to redeem the outstanding $497,000 Midland 58, the
only underlying bonds remaining unretired; $284,000 have been purchased by the sinking fund, and $100,000 purchased from surplus
earnings are held in the treasury as an asset. V. 74, p. 880. Sinking
fund of $95,000 yearly will retire bonds purchasable in the open market at not exceeding 110.
Dividends. On common, 1^ p. o. quarterly May 1, 1900, to Feb 1,
1902, IncL; pref., II4 p. e. quarterly May 1, 1900, to Feb. 1, 1902, incl.
In May. 1902, dividends were deferred because of rate war, which
was settled In July, 1902. V. 74, p. 936 V. 75, p. 29, 76.
Report.— Report for year ending Nov. 30, 1902, was in V. 76,
p. 702, showing gross, $1,088,701; net, $142,064; interest on bonds,
$270,363; sinking fund, $108,655: div. on pref. (II4 p. c). $25,000; dlv.
on com. (Ha p ), $45,000; bal.. deficit, $306,954. In 1900-01, gross.
$1,849,069 net, $660,651. President, W. K. Gillett; Secretary and
Treasurer. J. P. Cobb. Office, 52 Broadway, N. Y.— (V. 75, p. 29, 76;
V. 76, p. 479, 541, 702.)
—
;
;
KR.—Owns Des Moines to Ft. Dodge,
88 m., and Tara to Ruthven, 55 miles; trackage, Illinois Central, Tara
to Fort Dodge Junction, included above. Leased Jan. 1, 1887, to Chic.
Rook Isl. <fe Pac. for 18 years at rental of 30 per cent of gross earns., with
a guarantee of 4 per cent interest on the Series A bonds, and 2ia per
cent per annum on the Series B bonds, both series being equally secured
by the mortgage of 1874. The series B were originally 6 per cent Incomes, but their coupons have been stamped, reducing the interest rat«
to the 219 p. c. guaranteed. Preferred stock Is entitled to 7 p. 0. nonoumulatlve dividends, then common to 7 p. c. after which both share
equally. In 1901-1902 newparties purchased stock. V. 74, p. 1038.
'94
'95
'96 to '93
Dividends.- >
1893
1899 to 1902
on pref. (p. c.) 5
2
4
4
7 yearly
6 yearly
Rental for year ending Deo. 31, 1901, $207,573 for 1900 was $189,894.-(V. 72, p. 1135, 1235; V. 74, p 1038; V. 75, p. 133.)
Bes Moines & Fort Dodge
la.,
;
Des Tlolnes Iowa Falls Jk Northern Ry.—Iowa Falls, la., to
Des Moines. 75 miles; completed Jan. 1903. In April, 1903, extension
north from Iowa Falls, about 40 miles, was reported to be proposed.
Stock authorized, $1,200,000. Bonds are subject to call at 105 on and
after July 1, 1906; they are limited to $14,000 per mile, with $50,000
additional for Des Moines terminals. Pres., E. S. Els worth, Iowa Falls;
Sec, J.H. Funk; Treas., W. H. Woods.— (\r. 74, p. 1038; V. 76, p. 158.)
Terminal road in Des Moines; owns 4
Des Moines Union
miles main track and branches, 14 miles 2d and side tracks, bridge
across Des Moines River and 25 acres of land in Des Moines. See
Btatemectto N. Y. Stock Exchange V. 65, p. 1173. Leased to Wabash.
RR., Chicago Great Western, Ohio. Mil. & St. P. Ry , Chicago BurUngton&Quincy RR. and Keokuk
Western Ry. (C. B.
Q. system).
The Des Moines Iowa Falls & Northern Ry. will, it was repotted, also
use the terminals. V. 75, p. 342. Rental equal to expenses and fixed
charges paid monthly by lessees on wheelage basis. BUls payable
June 30. 1902, $76,166. Earnings for year il901-02, gross, $209,765
net, $48,389; charges, $48,389.— (V. 75, p. 342.)
Ry.—
&
Detroit
&
Orand Haven & mil^vankee Ry.—Owns
A
from De-
troit to Grand Haven, Mich., 189 miles.
reorganization of September, 1878. The principal and interest on the bonds are guaranteed by
the Grand Trunk of Canada. Stock, $1,500,000; par, $5(). Real estate
On June 30, 1901. sundry outstanding
aocoimrs, $356,520. Grand Trunk of Canaaa owned Dec. 31, 1900,
the $1,500,000 stock. \s to oft'er to bondholders in 1900, see V. 71, p. 84.
For 6 mos. ending June 30. 1902, gross, $525,6^6; net, $109,148;
Charges, $180,915; bal., def., $71,767.
For year ending Deo. 31, 1901, gross. $1,077,220; net. $283,270;
charges, $362,500; bal., def., $79,230. For 1900, gross, $1,006,323.
bonds or mortgages, $226,000.
Detroit Orand Rapids Sc Western.— See Pere Marquette RR.
Detroit Hillsdale &. Southwestern RR.—Owns from Ypsllantl,
Mich., to Bankers, Mich.. 65 mUes. Leased in perpetuity from July 1,
1881, to the Lake Shore <& Michigan Southern Co.; the rental is $54,000
per year—4 per cent on stock.
Detroit Mackinac Sc Marquette RR.—See MiscellaneousCos.
Detroit &. Mackinac Ry.— Owns from Bay City, Mich., to Tower,
174 miles; Rose City Branch, 32 m. Prescott Branch, 12 m.; ValenLake Branch, 26 m.; Lincoln Branch, 14 miles; various logging
branches, (largely temporary) 72 miles; total, 330 miles. In 1901-02
carried 842,092 tons, of which forest products furnished 72'45 per cent.
tine
J.
J.
Dividend.
D. W.Y., J. P. Morgan & Co. June
D.
do
June
do
1,
1,
Moh.
June
1,
1,
N.Y., Colonial Trust Co.
do
do
New York.
N. Y., 143 Liberty
St.
1941
1951
To 1905
1953
Apr., 1903,
do
Jan.
do
N. Y., Office, 214 B'way. Aug.
do
do
Oct
ure m. Central bonds.
N. Y., Of., Empire Bldg.
1995
1995
Oct.
3%
1,
1,
1,
1906
1951
1917
1,
1937
Jan. 1, 1916
Jan. 1, 1922
N. Y., Central Trust Co. Jan. 1, 1923
do
do
Jan. 1, 1918
New York, 44 Wall St. Apr. 1, 1925
do
do
Jan. 1, 1937
New York or London. Aug. 1, 1990
New York.
Deo. 31, 1912
do
do
1903 to 1906
1. 1923
Minneapolis, Minn.
Moh.
N. Y., N. Y. Cent.& Hud.
& J. Jan., '85, Int'st last pd. July 1, 1903
J.& D.15 PhUa.,Pa., Read. Term. Deo.l5,'02.2»«
J. & J. Phil., Phil. & Read. Ry. JaQ.16,'03.3%
do
do
Mch. 1, 1958
4g. M. & 8.
4
500,000
497,750
50
50
Officers— Chairman of Board, George J. Gould; Pre8ilent,E. T. Jeffery; Vloe-Pres. and Gen. Mgr., Russell Harding; Treas., J. W. GlUuly;
Sec. and Comptroller, Stephen Little. Office, 195 Broadway, N. Y.
Directors.— George J. Gould, Mortimer L. Schiff, Edward H. Harrlman,
Wlnslow S. Pierce, E.T.Jeffery and Arthur Coppell, New York; C. G. Warner
and Kussell Harding. St. Louis; Edward O. Wolcott, Denver, Col.
—(V. 74, p. 477, 576; V. 75, p. 342, 606, 614; V. 76, p. 158, 381.)
Divide, Col., to Cripple Creek
Sontliwestern
and Florence, etc., 77 miles; Victor to Isabella, 6 m.; branches and spurs
to mines, etc., 41 miles; total, 125 miles, of which 43 miles standard
Denver
A
&
&
4,266,000
S.
4^" M.
3,466.000
J. & D.
255,000
5& 6
1,900,000
A. & O.
140,000
35,000
6
J. & J.
5,425,000
*«• F. & A.
2,800,000
A. & O.
8,430,000 Deposit© d to sec
A. & O.
6,732,000
5
See text.
6
J. & J.
1,174.000
J. & J.
1,761,000
if: J. & J.
4,658,000
J. & J.
1,077,000
I'- A. & O.
3,816,000
1^- J. & J.
15,107,000
F. & A.
3,000,000
346,566
See text.
5g. M.& S.
2,900,000
1902
36
36
4g.
4g-
1,000
1,000
1.000
1,000
Whom.
Payable
Cent.
$1,050,000
1,250,000
500 &o.
328 '88-00
184 1887 i,6o6&c
184 1896
1,000
65 1892
130 1893
1,000
130 1898
1,000
156 1885
1,000
416 1887
1,000
572 1890
1,000
1892
91
Bo >id«— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— LiAst
1,000
1,000
100
53
J.
5
6
M.
6
<fe
N. Phlla. Gn. T.
& S. D. Co.
Nov.
1,
1905
HISTORY, Etc.—Formed in December, 1894, to succeed the Detroit
City & Alpena, sold in foreclosure. In May, 1902, Gould interests
Bay
acquired control.
V. 74, p. 1139.
for $500,000 are reserved for betterments, etc., at not over $50,000 per year. V. 74, p. 629. Loans and
bills payable June 30, 1902, $183,584.
stock.-The capital stock Is $3,000,000, of which $2,000,000 common and $1,000,000 preferred. See V. 74, p. 629
Latest Earnings.—
) 1902-3
Gross, $589,399; net, $175,398
8m08., Julyl to Feb. 28. $1901-2
Gross, 546,933; net, 138,430
Earnings.— Report for year ending June 30, 1902, in V. 75, p. 1027
showed: In 1901-2, gross, $862,192 net, $281,901 taxes, $23,573
interest, $109,500; miscellaneous, $30,104; bal., surplus for year,
$118,724.-(V. 74, p. 629, 1088, 1139; V. 75, p. 849, 1027).
Bonds.— " Mortgage bonds"
;
;
;
Ry.—
Detroit Southern
Operates from Detroit, Mich., to Wellston, C. via Lima, 311 miles, with branches, 70 mUes, a total of 381
miles, including about 19 miles of trackage, and thus constitutes a
route from the bituminous coal fields in Southern Ohio. Also in Aug.,
1902, acquired the Iron Ry.. Ironton. O., to Centre, 14 miles, with
branches, 7 miles, a connecting line from Bloom Switch to Lawrence
Furn ice, I823 miles, being completed Apr. , 1903: also under construction from Bloom Switch to Jackson, 23 miles. V. 75, p. 184, 441.
Organization.— consolidation of the Ohio Southern RR. and the
Detroit & Lima Northern Ry. on June 1, 1901, after foreclosure, per
plan V. 72, p. 438.-V. 72, p. 626, 722, 1034, 1080.
A
STOCK.-Common, $10,500,000; outstanding $10,487,000; preferred
4 per cent, non-cum., $6,500,000; present Issue, $6,000,000.
Voting Trust— Both classes of stock are vested until June 1, 1906
(unless surrendered earlier at their discretion), in the following voting
trustees: Frederick J. Llsman, John E. Borne, Evans R. Dick, Cyrus J.
Lawrence and Leopold Wallach.
Bonds.— The $4,500,000 40year 48 are secured by a purchase
money lien on the Ohio Southern Ry. (Lima to WeUston and branches.
In all 263 miles)
upon their retirement, for which $4,500,000 of
the fifty year 48 are reserved, the latter will be a flrst mortgage on
aU the consolidated properties. Of the 50-year 4s $2,034,000, together with $500,000 each of preferred and common stock, were reserved for extensions and improvements, and $273,000 of the 40year 48 for improvements on, and equipment notes of, the Ohio Southem RR. See statement, V.72, p. 1237; V.73, p. 1261; V.75, p.666, 9<J6.
Report.— Report for year ending June 30, 1902, was in V. 75, p.
1145, showing: Gross earnings. $1,239,906; net, $244,796; interest
and taxes, $318,000; baL def., $73,204. Directors October, 1902, V.
72, p. 1080; V. 75, p. 980; V.75, p. 184,441,666, 906, 980. 1145.
Detroit
Toledo Shore Line
Extends from Toledo to
(suburbs of) Detroit, 51 miles, of which 20 double track; laid with
8f>-lb. steel rail. The Grand Trunk Western Ry. and Toledo St. Louis &
Western RR own the entire stock and jointly guarantee the bonds,
principal and interest, by endorsement. See form of guaranty, V. 76,
p. 633. Of the bonds $1,1<'0.000 are reserved for extensions and improvements. -(V. 75, p. 497, 1086, 1253, 1354; V. 76, p. 653).
;
RR.—
&
Dominion Atlantic Ry.— (V. 71, p. 29, 84; V. 72, p. 86, 1279.)
Dominion Securities Co.— Organized in May, 1901, under New
Jersey laws.
Owns 90
(V. 73, p. 183, 392),
Lumber & Pulp
per cent of the stock of the Cape Breton Ry,
60 percent of the stooS of the North American
Co. (V. 74, p. 887, 991); is Interested in sale of Canada
Atlantic Ry. to Rutland RR., etc. See official statements, V. 74, p.
986, 1139. In June, 1902. a reorg*nizatlon committee, James G. Cannon, Chairman (Metropolitan Trust Co., N. Y., depositary), requested
deposits. V. 74, p. 1251, 1308. Stock authorized. $3,000,000; par of
shares, $100; outstanding, $1,681,800. First dividend of 2 13 per cent
Jan. 15, 1902. V. 73, p. 1312. Directors, Aug., I90i, V. 75. p. 441.
Office, 25 Broad St., New York.— (V. 74, p. 13o8; V. 75, p. 29, 441.)
Dubuque Oc Sioux City
r^ee Map of Ultnois Central)-
Owns Dubuque,
RR.—
Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa,
to Sioux Falls, Dakota, 155 mUes; Cedar Fails to Minnesota State Line
(merged by consolidation In 1896), 76 miles; Tara Station, near Fort
Dodge, la., to Council Bluffs, 130 miles; total owned, 730 miles.
Organization.— Controlled since April, 1887, by the Ill.Central BR,,
which owns all except a few hundred shares of the $15,000,000 stock
(as increased June, 1900). and has Issued Its own bonds on the road;
the only D. & 8. 0. bonds held by the public are the 78 issued under
Iowa Falls & Sioux City mortgage, $2,800,000.
Dividends Since 1894—1895, Deo., 1 '96, 3; '97, 2; '98,3»a; '99, lia;
1900, 3; 1901, l^; 1902, Jan. 16, 1.— (V. 70, p. 1290.)
;
Duluth
«k
Iron Ransrc
RR.— Owns
Duluth to Ely, Mlnn„119
Mesaba Range Mines, Fayal, etc., 65 mUes. Owns
ore docks and yards on Lake Superior costing over $1,500,000.
Stock, Etc.— Stock authorized, $10,000,000, outstanding ,$3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, of which
201,790 acres had been patented to It prior to April 30, 1895; V. 64, p.
1041. Federal Steel Co. (see U. 8. Steel Corp.) owns the stock and
$3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66, p. 1237.)
The first mort. bonds are authorized at the rate of $25,000 per mile for
construction and $7,000 for equipment. Dividends prior to 1900 agmiles, with branches to
gregated 100 per cent; in 1901-2, 6
p. 0.
St
INYESTORS' SUPPLEMENT.
RAILROADS.
&o., see notes
Size, or
of
Par
of
Road. Bonds Value. Outstanding
181
1891
$1,000
glmira Cortland cC Nortfiem-See Lehigh Valley RR.
100
JStmirad! iaA-e 0>i/.—8odus Bay 80.— l8t M. p. Uiic
1884
1,000
&
<fe
,
Williamsport—St'b., com., ,5 p. 0. ren'l, N.C.
Preferred stock, 7 p. o. rental, 999 jrs.jNo. Cent.
let mortgage
0*
Income bonds, 99 years to run
Erie di Central Xtio Trrfc-lst M., $250.000. Ta...
Brie dt Pi»«.— Stock, 7 p. 0. rental,999 yT8.,PennCo.
<£
General mort. (now 1st) $4,500,000, g., guar.Un
EiH« Railroad Company —Common stock.
2d pref. stock, 4 p. o. non-cum
7513
. .
75 13
75 12
50
50
_«
....
1860
1863
1902
>«-
20
85
85
1,000
500
50
1890
1.000
100
100
100
let pref. stock, 4 p. o, non-cum..
A—Old Bonds Assumed— Roads
Consoleda TED.'
W.Y. &E. lstM.,Pierm. toDun., ext.,'97, gold-.c" 447
447
c*
2d mortgage, (extended in 1879) gold
447
c*
3d mortgage, (extended in 1883) gold
0*
475
4th mortgage, (extended in 1880) gold
475
c*
5th mortgage (extended In 1888), gold
60
Erie R'y,l8tM. .Buff. Br. Homellsv. to Attlca,g.o*
526
let consoi. mort., $30,000,000, gold, $ & £. F.c*
526
N. Y. L. E. & West, funded ooiipon bonds, gold.c*
140
Bufl. N. Y. & Erie, Ist M. (Buffalo to Commg..c*
67
Buff. & Southw., Ist M., Buff, to Jamestown, g.o*
,
Newbnrc &
N. Y. 1st mort., extended in 1889.. c*
B— Boiidft
Amount
Bvnag—tVUiii\
INTEREST OR DIVIDENDS.
pal.When Due.
Rate Per When Where Payable, and by Stocks—Ij&eX
12
ON Properties Controlled by Owne
*Bergen Co. RR., Ist M.,Ruth. Jo. to Rldgew. N.J.
*Ch.&Erie 1st M.,g. (Marion.O. ,to Ham'd,lndCe.o''
Chicago & Atlantic Terminal, 1st mort., g.Ce..
jElmira State Line Railroad, Ist mortgage
ITGosh. & Deck't'n, 1st <fe 2d M's.,(.$60,000 are2d)
10
250
....
7
- - - .
1847
1849
1853
1857
1858
1861
1870
1878
1876
1877
1868
rshcp
1881
1890
1888
1875
1,000
1,000
1,000
1,000
500 &0.
200 &c.
1,000
500 &o.
1.000
50
&o.
1,000
Whom.
Payable
Cent.
Great Northern.
Klffin Joliet <fi Eastern— \»t M. ($10,000,000) g.Ce.c*
Ohio.
Elizabt. Lex. cC Big Saiidn—See Chesap.
JSlmira
LXXVl.
•
Miles Date
For explanation of oolumn headings,
on tirst page of tables.
Eastern Ry, of Minnesota— See
[Vol.
5g. W. & N.
$8,500,000
500,000
5 g.
500,000
5
500,000
7
963,000
6
570,000
5
250,000
5 g.
2,000,000
7
3ifl g.
3.918,000
112,378,900
16,000,000
47,892,400 3 in 1902
M.
&
&
J.
<fe
J.
&
J.
J.
A.
<fe
0.
J.
M,
5
g.
4%.
g.
J. N. Y., Nat. Bank Com.
N. PhUa., Broad St. Sta.
&
J.
&
F.
&
&
&
&
&
&
&
&
&
&
&
&
M.
M.
5g. A.
4g. J.
4g. J.
7g. M.
7g. M.
7
J.
6
5
N. Y., 71 Broadway.
do
do
do
N,
J.
J.
do
J.
0.
D.
J.
S.
8.
D.
J.
J.
•68-'69
Earnings.— For year ending June 30, 1902, gross, $5,934,868; net.
$3,779,634; other income, $44,168; total deductions. $1,210,398;
dividends, $1,800,000; balance, surplus, $813,404 —(V. 67, p. 71 .)
&
Dnlntb Missabe Nortbern Ry.— Owns from Duluth to Mountain Iron, Minn., 77 miles; branches and spurs, 76 miles; trackage to
Union Depot, Duluth, 2 miles; total, 155 miles. Entire $2,512,500
stock and $2,306,000 of the bonds are owned by Lake Superior Consolidated Iron Mines, and so by United States Steel Corporation with
$1,100,000,000 of capital stock.-V. 72, p. 1038.
Earnings.— For year ending June 30, 1902, gross, $3,755,416 net,
$1,202,954; other income, $104,602; charges, $762,630; bal., surplus,
$544,926.-(V. 72, p. 183; V. 74, p. 205; V. 76, p. 212.)
Dalatb South Sbore Atlantic Ry.—Operates Duluth to Sault
tJte. Marie, 415 miles; "800" Junction to St. Ignace, 43 m.; other, 116
m.; total, 574 miles. Controlled by Canadian Paoilio.
Capital Stock.— Common stock is $12,000,000 preferred, $10,000,000; par both $100. Preferred stock is 6 per cent, non-cum. Canadian
Paciflo Julyl, 1902, owned $6,100,000 com. and $5,100,000 pref. stock,
1^3,000,000 incomes and $15,107,000 consols.
Bonds, &c.— Abstract ^rs/ mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per cent,
guaranteed by Canadian Pacific, which July 1, 1902, held the entire
outstanding iaeue [$15,107,000] in Its treasury as security for its 4 p. o.
debenture stock consols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new Lines.
General Finances.— Of the tonnage in 1901-02, ores furnished 47 p.
;
&
200,000
12,000,000
300,000
160,000
246.500
6
5
5
g.
g.
7
6
1941
1, 1924
May, 1903
Jan., 1903
Jan. 1, 1910
Oct. 1, 2862
May 1, 1922
July
1,
1940
Feb. 28,'03,H«
N. N. Y., 21 Cortlandt
8.
8.
1,
July
do
New York,
A.
OF ENTI RB (')ORA M AJOBITT (J)ofCa
1,000
1,000
1,000
500 &0.
do
do
do
May
Office, Cortland, N. Y.
N. Y., Union Trust Co. Mar.10,'03,1%
y.-M
4g. M.
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,600
16,891,000
3,699,500
2,380,000
1,500,000
250,000
Dividend.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
pitax Stock, or by
N. Y., 21 Cortlandt
do
do
do
do
St.
May
1,
Sept. 1,
Moh.
1,
1,
June 1,
July 1,
Sept. 1,
Sept. 1,
June 1,
July 1,
Oct.
Jan.
1,
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
Lease.
A. <fe 0.
St. Apr. 1, 1911
M. & N.
May 1, 1982
July 1, 1918
J. & J.
A. & 0. Elmira.ChemungCo.Bk Oct. 1, 1905
Various
1928-29
(IT)
Morgan & Co., New York, in the interest of the
Plant system (now Atlantic Coast Line RR.) and associates. Bonds
have been deposited with the Metropolitan Trust Company. Bonds
are $1,000,000 first gold 5s, $166,480 funded coupon scrip and $277,Cuyler, of Cuyler,
000 second 88.
Receivership.—W. E. Huger was appointed receiver In January,
1896.— V. 62, p. 138. Stock outstanding, $1,120,000.
Earnings.—Net earnings for year ending June 30, 1902, were $25.807; In 1900-01, $22,042.— (V. 62, p. 138; V. 66, p. 425; V. 69, p. 1300.)
East Tennessee Virginia & Georgia.- See Southern Ry. Co.
East Tennessee & Western North Carolina RR..— A nar-
row-gauge road from Johnson City, Tenn., to Cranberry, N.C, 34 miles,
Incluaing 3 miles leased. Stock June 30, 1900, $501,900. Extension
to Llncolnton, N. C. about 75 miles, projectOfi. For year 1901-2, gross,
$95,v:l6; net, $37,470; int., taxes, etc., $13,925.
;
;
0.,
lumber,
etc.,
28
1902-3.. .Gross, $1,813,192; net, $654,568
1,767,772; net, 640,392
July 1 to Feb. 28.
s 1901-2.. Gross,
Deficit; under charges, $31,784 in 1903, agst. sur., $14,532 in 1902.
Report.— Fiscal year now ends June 30. (Report for year ending
June 30, 1902, in V. 75. d. 729 )
Interest.
Balance.
Gross.
Net over taxes. 0th. inc.
Year.
$6,285
$859,700 sur. $20,327
$873,742
1901-2.. $2,690,569
5.900
860,023 def. 113,693
740,430
1900-1.. 2,484,211
President, W. F. Fitch, Marquette, Mich.-(V. 75, p. 729, 1202.)
Dalatb Virginia Rainy Lake Ry.— Projected from Virginia,
Minn., northerly to Koochiching, 97 miles, with branches, of which 20
Stock authorized, $2.0oe.000. In
-miles complete'd in July, 1902.
Trust Co. of
March, 1902, filed a mortgage to the Minnesota Loan
Minneapolis as trustee, to secure $2,000,Ci00 Donds, of which $1,500,000 are issuable at $15,000 per mile of single track and remainder for
roUing stock, etc. President, Wirt H. Cook; Secretary, Frank W,
Helmick.-(V. 74, p. 679, 936.)
>
&
&
Dunkirk Allegbeny Valley & Pittsburg.- Owns
A
from Dun-
consolidation in 1872.
kirk, N. Y., to TitusvlUe. Pa., 91 miles.
Operated since Oct. 1, 1901, by the Lake Shore & Mich. So. Ry. for
account of New York Central, to which leased for 500 years from
1873 at
p. c. on stock. Capital stock, $1,300,000, N. Y. Central &
Hudson River Co. owning $1,067,600: par, $100. For year ending
June 30, 1902, gross, $29 r>,730; net, after deducting taxes ($16,727),
$79,860; charges and dividends, the latter, $19,500 (l^ap. c), paid by
N. Y. CentraL— (V. 70, p. 1290.)
m
East Broad Top RR. & Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, and leases Shade Gap, 11 miles.
»nd branches to mines. 3 miles total, 45 miles. The stockholders of
the Shade Gap RR. will vote on Aug. 15, 1902, on consolidation. See
V. 75, p. 77. A coal road, opened In 1874. Stock $815,589 (par $50),
of which $247,189 is 6 p. c. pref.; current liabilities June 30, 1902.
$365,808. Bonds in addition to 1st M., $42,888, int.. 6 p. c, payable
M.-N. Year 1901-02, gross, $104,290; net, $19,089; Interest, etc.,
$24,781; bal., deficit, $5,692.— (V. 67, p. 177; V. 75, p. 77).
East lionlsiana RR.— Pearl River, La., to Covingttm, 24 miles
branch, Mandeville Jot. to Mandeville. 12 miles; total, 36 miles. In
Jan., 1901, control was changed. V. 72, p. 87. Extension proposed
to Franklinton, La., for which bonds may be Issued. Stock. $1,000,000; issued, $340,300; par, $100. Year to June 30, 1901. gross, $77,;
649; net, $4,086: Int. and taxes, $9,948; bal., def., $5,862. President, F. B. Hayne, New Orleans, La.; Treas., C. K. Mulllngs, Coving-
La.- (V. 72,
p. 87).
East Ulahanoy
to Webbvllle, Ky.,
Chartered in 1866 and opened through in 1889. Stock is
There
preferred
$1,779,500.
are
no bonds. BUls
$1,697,800;
and accounts payable June 30, 1902, $26,688. Earns, for year 1901-2
gross, $56,789; net, $9,381. In 1900-1, gross. $52,241; net, $6,615.
common
Eel River RR.—See Logansport & Toledo Ry.
Elgin Joliet Sc Eastern Ry.— Owns from Waukegan,
lU., on
Lake Michigan, via Spaulding and Joliet, to Porter, InoL, 130 miles,
and branches Normantown to Aurora, 10 miles- Walker to Coster,
p. c.
Latest Eakn's.— 8 mos.,
ton.
Eastern Kentucky Ry.— Road from Riverton
36 miles.
RR.— Owns
from East Mahanoy
.Tunc, to
8t.
Re-leased Dec. 1, 1896, for 999
Nicholas and branches, 11 miles.
years to Little Schuylkill Nav. RR. and Coal Co. at 5 per cent on stock,
and lease assigned to Phil. <fe R. Ry. Of tlie stock $283,650 is owned,
$280,000 being deposited by Reading Co. under its general mortgage.
Owns Reading, Pa., to Allentown, Pa.i
East Pennsylvania
85 miles; second track 18 miles; all track 73 miles. Leased for 999 years
from May 1, 1869, to the Philadelphia &. Reading RR. at a rental of 6
per cent per annum on the stock and Interest on the bonds. Lease assumed in 1896 by the Phlla. & Reading Kallwav Co. Of the stock
$878,850 Is owned by the Reading Comj)any, $875,000 of which is deposited under Its general mortgage of 1897.
Road.— Owns terminal road
East Shore Terminal Co.'s
in Charleston, 8. C, 3 miles double track laid with 60 pound steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of
land, 4 cotton compresses, etc., on the city's water front, these being
connected by Its own road with the other railroads entering the city, in
February, 1898, the interests controlling sold their holdings to C. C.
RR.—
RR.—
m.— 32
main
miles;
Hammond
to Whiting, Ind., etc., 9 miles; total
owned, 18 1 miles; spurs to coal mines, etc., 16 miles;
trackage (L. N. A. & Chicago, 913; Chicago & West Indiana, 4-8; Belt
Ry. of (ZJhicago, 2), 16 mUes; side tracks and yards owned, 93 miles,
total track operated, 320 miles.
Organization.— An outer bolt line at Chicago for transfer of freight
line
without breaking bulk.
owned by Federal
Also reaches coal
fields.
Entire capital stock
and so by United States Steel Corporation.
Stock.- Stock. $6,000,000, par, $100. Dividend, 4 p. o. yearly (In
December) in 1899 to 1902, inclusive.
Bonds, Etc.— First mortgage balance unissued can be disposed of
Steel Co.
for extensions, betterments, etc.
Report- For year ending June 30 earnings were
Gross.
Net.
0th. income. Int. on bonds. Surplus.
Tear.
1901-2... $2,178,484 $795,800
$19,225
$404,544
$410,481
1900-1... 2,022,019
750,313
19,495
392,600
377,208
President, A. F. Banks.— (V. 74, p. 151, 205; V. 75, p. 1399.)
Elmira Cortland & Northern Ry.—fSee Map Lehigh Valley.) —
Owns Elmira, N. Y., to Canastota, N. Y., 118 miles, and leases during
corporate existence, Canastota Northern, Canastota to Camden. N. Y.,
21 miles. In 1896, the $2,000,000 stock was purchased and 5 per
cent bonds guaranteed by the Lehigh Valley. (V. 63, p. 402.)
Owns from Canandalgua, N Y., to
Elmira &. Lake Ontario
Chemung Junction, 64 miles Sodus Point to Stanley, 34 miles other 2
—total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
Leased at cost of operating to tho
ife Southern and other railroads.
Northern Central, which owns all the $1,500,000 stock. Lease may
be terminated on thirty days' notice. Year ends Deo. 31.
Gross.
Earnings.
Net.
Inlerest.dRc.
Bal., def.
RR.—
;
$828,244
785,886
1902
1901
;
$88,790
31,607
$68,089
$20,701
72,715
41,108
Elmira Jc 'Williamsport Ry.— Owns from WUliamsport, Pa., to
Elmira, N. Y., 75*3 miles. Leased to the Northern Central Railway
for 999 years from May 1, 1863. The dividends on the common stock
are 5 p. 0. and on the preferred 7 p. c, less taxes, making dividend on
common 4-50 per cent and on preferred 6*30 per cent. Year ending
Deo. 31, 1902, gross, $1,254,539; net, $249,277; rental $168,340.
Northeastern RR.— See New Mexico Ry. A Coal.
El Paso
&
New
R
York R.—Cortlandt, N. Y., to Cinoinnatus, 20 miles; completed May, 1898. Successor in May, 1902, to the
sold
In
company,
foreclosure on March 29, 1902. V. 74, p.
rnilwau
1139. Stock, $250,001.); par or shares, $100. Bonds, see table above.
For year ending June 30, 1902, iucludinic 9 months of old company,
gross, $31,362; def. under oper. exp., $7,761; Interest charges not paid.
Pros. Wm. W. Montgomery, New York.- (74, p. 727, 1139, 1195.)
Pittsburg
Owns New Castle, Pa., to Glrard, Pa., 81
Erie
miles; branch, to Erie Docks, 3 miles; trackage, to Erie, 17 miles; total
operated, 101 miles. Leased to the Pennsylvania Railroad for 999
years from March 1, 1870, at a rental of 7 per cent on stock and
Interest on the bonds, and the lease transferred to the Pennsylvanl*
Company. Tax suit, see V. 71. p. 135.
Earnings.-Thelease was unprofitable to the lessees In former years,
the deficiency being In 1898, $137,967; but In 1899 profit. $32,873; In
1900. profit, $118,216: In 1901, profit, $307,498; in 1902, profit,
$254,142.— (V. 71, p. 135.)
Erie Railroad.- See Map on adjoining page. Embraces trunk
line from Jersey City, opposite New York City, to Chicago, 111., 998
miles, and branches 1,320 miles; total. 2,318 miles; second track, 703
miles; 3d and 4th tracks. 24 miles; total, 3,045 miles. The total. of
2,318 miles comprises:
Erie
&
&
Central
RR.—
—
i
RAILROAD STOCKS AND BONDS.
April, 1903.]
RAILROADS.
j^^g Date
Size,
or
Amount
of
Par
For explanation of column headings, Ac, see noteel of
Outstanding
Road. Bonds Value.
on first page of tables.
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and by
Payable
Whom.
Cent.
Xrie SaHroa,d^— (Concluded) —
B— Bonds ON Properties Controlled by O WNER SHIP o F Entir e(*)oraMaj ORITY
*Jeflfer8'n,l8t&2dM's.,ex.ln'87&'89(H'daleBr.)o
let mort., Carbondale to S. depot, gold..FP.o*
"Long Dock Co.cone.M.,g.(now l8tM.>(8eetext)o*
ITMont. & Erie, Ist & 2d morts. ($40,500 are 2ds)
UN. Y.&Greenw.L^ Prior lien M.,$l, 500,000. N,g.
JNew Jersey <feN. Y.,let M. (reorganization)... c"
Gen.M., $1,200,000 (red. 105 after 5 years). ..g
8
37
67-'69 $500<feo.
1889
1885
1,000
1,000
'66-'67
52
34
N.Y.L.E.&W.C.&KK.l8tM.,"lawfulnion."Mpo'
1896
1880
1892
1882
1883
1880
100 Ac.
500 &c.
500 &c.
1,000
1,000
$300,000
2,800,000
7,500,000
170,500
ss
({)
OF Capi tal Stock.or bt
6
J.
& J.
5 g. A. & O.
6g. A. & O.
Various
5
5 g. M. & N.
M. & N.
6
J.
J.
5
6 cur. M. & N.
J. & J.
6
4l3g. M. & S.
&
41a
1,500,000
400,000
629,500
1,100,000
3,396,000
8,000,000
«fe
*N. Y. L. E. & W.D.& t. Co. Is Al., V. 56, p. 82.F.C*
500, &o
*N. Y. Pa. & OMo, prior Ueu vi gold, $ & £ F.o* 422
Do. Leased lines— see separate statements for Clev. (feMah. VaUey RR. and Sha ron Ry.
y-Tlo ga RR. —See each c ompany.
IT N. Y. Susquehanna & Western— Northern New Jerse
,
C— Erie
.
,
New
Railroad Compant
67
& Southwest'n, gold..I?Io.c'
:..F.c*&r
Prior lien bonds, $35,000,000, gold
G«n. lien, $140,000,000, g. 3 %to July, '98).c*&r
Pa. coll. tr. M., $36,000,000, g., 8. f ., text-Me. -O&r
New mort., $50,000,000, g., conv.lnto com.8tk.>
N.Y.L.E.& W. oar tr.,B. to G. rnol., part pd. an.o*
N.Y.Pa. & Ohio eq. trusts, srik. fd. 3<h, dr'n at 100
New Erie RR. equlpm't trust, gold, part yearly.,
Avon Geneseo & Mt. Morris and Rochester & Genes
Eureka Springs— See
St. L.
<6
F
Miles.
Lines owned in fee.
Flermont, N. Y., to Dunkirk.. ..447
Buffalo to Jamestown, N. Y.
Buffalo to Coming, N.
Y
. . .
Leaded
40
55
135
1879
1884
1886
1880
1881
1883
lines.
Avon Gen. & Mt. Morris
67 Montgomery & Erie
1,000
1,000
1,000
1,000
1,000
1,000
Miles.
1|15
ijlO
1^26
140 Northern RR. of N. J
139 Goshen & Deckertown
1[12
Rooh. <fe Genesee Valley
IflS
all X owned.
46
11250 Other lines
Leased to Nypano RR.
1145
•Jefferson RR
tN. Y. & Greenwood L. RR . H 52 Cleve. & Mahoning Valley RR. H 81
1132
JNew Jersey A New York RR. 1138 Sharon Railway
-^4
•''9
Other Imes
Erie & Wyoming Valley RR.
167
*Nypano RR
11422 Trackage
58
JTiogaRR
H See this company.
140 Lines in system June 30. '02. .2,318
Otherlines
N. Y. Susquehanna & West.. 238
History.— On Dec. 1, 1895, succeeded to the property of the old New
York Lake Erie & Western RR. Company, sold in foreclosure on Nov.
6 under its second consolidated mortgage. The new company holds in
fee or through ownership of all or practically all the stock of the independent companies, the Hue from New York to Chicago (Including the
Nypano RR, and Chicago & Erie companies) and also all branch and
subsidiary Unes except a few small properties. The reorganization
plan of 1895 was in V. 61, p. 368.
In January, 1898, control of the N. Y. Susquehanna & Western was
obtained. V 66, p. 83, 335, 573, and editorial p. 53. See Stock below.
In Jan., 1901, entire stock of Pennsylvania Coal Co. was acquired,
the purchase includlns' valuable coal mines. Erie & Wyoming Valley
RR.,Scranton, Pa.,to Lackawaxen59mile8. See Bonds below. V.71,p.
1219, 1311: V. 72, p. 44, 1H6, 241, 532, 627; V. 73, p. 398. In 1901 an
Interest in the stock of the Lehigh V. RR. was purchased. V. 73, p. 391.
Coal and Steajviboat Property.— The Erie coal properties represent an aggregate of 10,500 acres of anthracite, of which about
9,000 acres are held in fee also 53,000 acres of bituminous coal
lands held in fee 14,000 acres of bituminous held under mineral
rights. Its coal tonnage in tbe year 1901-02 aggregated 12,411,078,
out of the 27,o97,159 tons hauled. The, Union Steamboat Line (merged
In Erie RR. Co. June 30, 1896). has terminal, etc., properties in
Buffalo and 8 lake steamers. See V. 63, p. 5J 4. The Ftnn, coal properties acquired in 1901 are additional. See above.
Stock.— The stock Is to be held by J. Pierpont Morgan, Louis Fitzgerald and Charles Tennant, Bart., voting trustees, for five years, and
uiereafter until the new first preferred stock shall have received 4 per
cent cash dividend in one year. The new company reserves the
right to redeem either class of its preferred stock at par In cash. Proylaions of voting trust and preferred stock certificate were given in
Supplement of April, 1897, page 3.
In Mar., 1898, Erie Ist pref. stock was increased from $30,000,000 to
$43,000,000. and common stock from $100.000000 to $113,000,000. to
acquire wew York Susq. <fe Western stock.- See V. 66. p. 335, 573. The
Ist pref. stock was fur' her increased in 1901 $5,000,000 in connection
with the purchase of the Pennsylvania Coal Co. V. 72, p. 136, 532.
Dividends.— First semi-annual dividend on 1st pref.. li^p. o. was
paid Aug. 30, 1901; in 1902, 3 p. o. (F. & A.); in 1903, Feb., II2 p. 0.
Bonds.— The new first consolidated mortgage is for $175,000,000
[Farmers' Loan & Trust Co. trustee]— see abstract of deed V.62, p. 89,
andsecures $35,000,000 prior lien and $l'l:0,000.000general Uen bonds.
Of the $140,000,000 general lien bonds, $92,073,000 are reserved for
the ultimate acquisition of bonds and guaranteed stocks left undisturbed on various parts of the system [see list V. 62, p. 89], and $17,000,000 were reserved for new construction, betterments, additions,
etc., after 1897, under carefully guarded restrictions, not
over
$lj000,000 to be used in any one year.
The position of the first consolidated mortgage Is substantially as
foUows: It Is a first lien [mortgage or collateral, the prior lien bonds,
however, preceding the general lien bonds] upon the company's chief
coal properties (except Penn. Coal Co.) upon its water iransportatlon lines, including valuable terminal properties appurtenant thereto,
and upon a number of profitable local lines In New Jersey and near
Buffalo; it is a second hen upon certain minor coal properties and
apon the railroads leading to all the coal properties, upon the terminals at Jersey City, upon the Buffalo New York & Erie Railroad
(the main Une to Buflalo) and the Buffalo terminal properties other
than those upon which it is first Uen, and upon the entire line from
Salamanca to Chicago; it is a second consolidated mortgage upon
the lines between Piermont and Dunkirk (447 mUes.)
The collateral trust 4 s of 1901 are secured by 51 per cent of the
entire New Vork Susquehanna & Western stock ($26,000,000 total
Issue), aU of the Pennsylvania Coal Co. stock, and the stock
of the Erie & Wyoming Valley RR Scranton, Pa., to Lackawaxen, 65
miles, and the Delaware Valley <fe Kingston RR. Ot the bonds $32,000,000 were issued to acquire these stocks (excepting the N. Y.,
Snsq. & Western, already owned), the remaining $4,000,000 being reserved for improvements to the properties represented by the stocks
acquired. A sinking fund of 10 cents per ton of coal sold purchases
bonds at not exceeding 105, otherwise to be applied to the drawing
of bonds by lot, all such bonds to be kept alive and the accruing interest thereon to be added to the sinking fund, which, it was estimated,
wUl be suOicient to retire the whole issue at or before maturity. V.
71, p. 1219. 1311; V. 72. p. 44, and circular, p. 136, 532 257. In J901-2
$222,000 of the amount shown above as outstanding was purchased
by the sinking fund.l^BOUJttjIIH
.u, y.i'-i
Other branches
Slock all * or nearly
-Chicago & Erie RR
.
.
.
.
:
,
.....
g.
4g4g.
4g.
do
do
do
do
do
do
N. Y., 21 Cortlandt
do
do
do
do
4
g.
251,000
647,000
J.
J.
1,602,000
3,987,383
1,282,417
30,000
3,000,000
375,000
g.
July 1, '2'V-'29
Jan. 1, 1909
Oct.
1,
1935
1926-27
May
July
Mar.
J.
F.
A.
<fe
&
&
&
6g.
li^ln'Ol M. &
5 in 1902 A. &
6 g. J. &
6g. J. &
6 e. A. &
6
ASE. —Oonei.
1946
1910
1,
1,
1933
St.
St.
&
& J. New York London.
J.
21
Cortlandt
St.
&
N. Y..
do
& A
do
M.
7
—
May
May
J. N. Y., 21 Cortlandt
do
do
& O.
Various N, Y., 21 Cortlandt
573,120
5 &6
'88-''90
AlOO
Lontton.
1,105,204
6 g. Various
1900-2
New York.
5,619,454 4i2«fe5g. Various
see Va lley'sto cks—See th 08E Cos.
50
50
115
144
25
5
&
1,000
& No. Arkansas RR.
India7iapolis—T.S..& South. IstM.Fo*
Evansvllle & Indianapolis 1st M., gold, guar.F.o*
Con.M.($2.500.000)g.gu.p.&i.(end.)E.&;T.H.Fc'
Evans, d Terre Hatite— Common stock, $4,000,000
Preferred stock, non-cumulative. See text
Consol. mortgage (1st lien) gold
c*
let consolidated mortgage, gold.
F.o*
Mt. Vernon Branch mortgage, gold ..
Evangviile
1895
1,000
1,000.000
1895
1,000
35.000.000
1895
1,000
35,885,000
1901 l,000&c 33.000,000
1903
10,000,000
Le
pal,when Due.
Stocks Last
Dividend.
1,
1,
1,
1922
1913
1935
>
Bonds.
2d mort. on Buffalo
(Tl)
Phila., FideUtv Tr. Co.
N. Y., 21 Cortlandt St.
N. Y.,J. P. Morgan Co.
N. Y., 21 Cortlandt St.
i<ow«(»— Pnnoi-
8.
J.
J.
J.
J.
N. Y. Farm. L.
,
do
do
St.
July
Jan.
Jan.
1908
1996
1996
Feb.
1951
Apr.
1953
Yearly to 1905
1908 & 1910
1,
1,
1,
1,
1,
Yearly.
& Tr. Co.
do
do
Sept. 1,
July
Jan.
1,
1,
Mayl,
N.
Checks mailed.
J. N. Y., Farm. L. & Tr.Co.
do
J.
do
O.
do
do
O.
1909
1924
1926
'01,11*
Oct. 15,'02,2is
July
July
Apr.
1,
1,
I.
1910
1921
1923
The convertible 48 of 1903 ($50,000,000 authorized Issue) will be
issued from time to time as required and may be made convertible
into common stock at a price to be fixed when the bonds are issued, but
not less than $41 Ss per share; they will cover all the company's property sunject to underlying liens. The first issue of .$10,000,000 for
improvements and equipment is convertible on the basis of $100
bonds for $200 stock after April 1, 1905, and before April 1, 1915. V.
76, p. 382, 511.
Real estate mortgages outstanding Jtme, 30, 1902, $763,325.
Old Bonds— VnAer the first consol. mortgage ot 1895 the company
covenants to pay the interest regularly on all the old bonds in the
table that are marked with a * or a | (except N. J. <fe N. Y. bonds,)
and to take them up and pledge them with the trustee at maturity.
Long Dock 6s see March, 1894, Supplement under N. Y. L. E. <fe W.
For iV. r. Lake Erie <£ W. Goal dt RR.. see Sup. January, 1895.
Fixed Charges.—The fixed charges of the System were reduced by
the reorganization from $9,400,000 to $7,860,000 per annum.
Finances.— In 1901-02 $2,931,000 general lien bonds were issued for
construction, etc. V. 71, p. 754, 1219. The first dividend on first preferred was declared in July. 1901. See above and V. 73, p. 137.
In Mar. 1903, stockholders were offered the right to subscribe pro
rata at 87 ig and iuterest to $10,000,000 convertible 4 per cent bonds,
issued for improvements and equipment, payment to be made by May
1, 1903. V. 76, p. 382, 541.
Earnings.— 8 mos., ) 1902-3. ..Gross, $59,102,113; net, $8,956,721
July 1 to Feb. 28.
27,373,430; net, 7,962.834
5 1901-2. ..Gross,
For 6 mos. to Dec. 31. 1902, net, $7,041,386; other income, $191.339; charges, $5,213,199, agst. $5,216,296 in 1901; sur., $2,019,526.
ANNUAL Report.— Fiscal year ends June 30. Report for 1901-2 given
in full in V. 75, p. 846, 859 see also editorial on page 826. Average
freight train load, 399-76 tons, against 400-22 in 1900-01.
1901-2.
1899-0.
190O-1.
1898-9.
MUes operated
2,318
2,272
2,316
2,271
;
Gross earnings
$40,894,434 $39,102,302 $38,293,031 $33,752,704
Working expenses.. 28,176.600 28.406,974 28,44»,605 25.169.926
Net earnings.... $12,717,834 $10,695,328 $9,844,426 $8,582,778
Net coal oomp's...x$l,702,49lx$l,274,830
$236,642
$298,479
242,721
221,247
183,466
Other Income
259,097
Total net inc.. .$14,663,042 $12,191,405 $10,264,534 .*9,140,354
$8,396,891 $7,541,730 $6,921,623 $6,842,679
Rentals
1,112,163
1,139,483
..
1,158,387
1,093,538
due
lines...
223,409
P.O.
I's'd
215,696
233,396
355,086
Int. on equip, tr's....
298,590
269,599
245,106
174,777
Miscellaneous
255,023
194,027
42,592
20,475
Total charges... $10,2-8,364 $9,368,248 $8,601,104 $8,486,5.55
Balance, surplus... $4,384,677 $2,823,157 $1,663,430
$653,799
Divs. onlstpf
(3)$l,436,772 (11^)718,386
X Represents the profits of the Pennsylvania Coal Co. for b\i months ending
Jun<' 80, 1901, and of the other coal properties for the two j ears from July 1.
1899, to June 3o, 1901. The correspordina item under 18P9 00 embraces the Income from the latter properties for 1898-1', and so in the earlier years the precediuK year's Inccme In each case In 1901-0^ protits for the year of all coal
properties, including Pennsylvania Coal Co., are included.
Officers— Chairman of Board and President, F. D. Underwood: let
V -P., G. M. Gumming; 3d V.-P., Daniel WUlard; Sec. and Asst.to President, G. A. Richardson; Treas., J. W. Platten; Aud., M. P. Blauvelt.
Directors.— Chas. Steele, J. J. Goodwin, John G. McCullough,
D. O. Mills, Alexander E. Orr, F. D. Underwood, Samuel Spencer,
Francis Lynde Stetson, Eben B.Thomas. J. Lowber Welsh. J. J. Hill,
Norman B. Ream, Robert Bacon, H. MoK. Twombly.— (V. 75, p. 392,
441, 846, 859, 1086; V. 76, p. 158, 382, 541, 704.)
Indianapolis
Evansvllle
Owns EvansvUle to Terre
Haute. Ind. (via Worthington), 134 m.; leases branch, 12 m.
History, Etc.— a consolidation in 1885. Of the consols $898,000
held to meet prior liens. The consols, and the bonds of 1924 are guaranteed by Evans. & Terre Haute, which owns capital stock, $2,000,000,
Company owns no equipment.
Latest Earnings— 9 mos., > 1902-3
Gross, $302.88O
July 1 to Mar. 28.
$1901-2
Gross. 258,895
In 1901-02, gross, $324,461; net, $77,466 other income, *14,050; Interest, taxes, etc., $155,570; bal.,deficit for year $64,054.— (V.75,p.980.)
Evansvllle Sc Terre Hante
The system Includes
Interest
;
&
RR.—
;
Road owned arid operated.
RR.—
—op.
Miles.
Controlled
109
48
EvansvUle
separately.
Miles.
Indianapolis
Evansvllle to Terre Haute
via Worthington, etc
5
146
Leased to other co.'s Rookextension
162
ville
Total in earnings
23
With Chicago & Eastern Illinois, forms route to Chicasro. In Mar., 1902.
Evansvllle to Terre Haute..
Branches to Mt. Vernon, eto.
Evansvllle Belt (stock held) .
Edwin
S.
<fe
& East«»m Illinois interests obtained
common stock passed. V. 74, p. 477, 577.
Hooley and Chicago
control and dividend on
Div'ds—
Com. stock.
) '87-'90 '91 '92 '93 '94 '95 '96 '97 '98 '99 •00 '01
^5y'rly 7 711 7iaJ
3 lia
4ia
)
5 5
112
'02
2%
Pref. stock.
H Also 5 per cent in bonds. 1 Also scrip dividend.
On preferred 5 p. c declared in 1902, payable 2»« p.
and 2i« p. o. April 15, 1903. Semi-annual dlTldend on
j^^d
1901, was passed. V. 74, p. 680, 727, 775.«
0.
Oct. 1902,
common,
Nov.,
96
JLNVESTOES'
SUPPLEMENT.
[Vol.
LXXVI.
JSAILBOAB STOCKS AND BOITUa
April, 1903.J
KAIL,KUA1>B.
Date
Miles
ft7
INTEKKST OB DIVLDENDS.
Size, or
Amount
For explanation of column headings, &o., see notes
Par
per When Where Payable, and by
of
of
Outstanding Rate
on first page of tables.
Whom
Cent.
Payable
Road. Bonds Value.
J—
3nlllvan Co. Coal br.M.,g.F 0*
jDOrwr.rf r.ff.r Con
Ist general mortgage for $7,000,000, gold F..c*
Fall Brook— Stock ($500,000 Is 7 per cent, pref.).
tindlav Fort Wayne <6 W. Railway— 1st M. g.Me.O*
r
2d mortgage, Income, non-cum., gold
Fitchbnrg— Pref. 5 per cent rental
c*
Bonds, notmort., $500,000, 1903, bal'oe 1908.
Bonds to State of Mass. 4 p.o. since Feb., 1897.C
Bonds ($1,500,000 due 1907, interest A. & 0.).c*
1890 $1,000
1892
1,000
50
1894
1,000
1894
1,000
100
1888
1,000
......
1887
199
93
•
>•
•
....
•84-'87
1,000
c&r .... 1890
Bonds, not mortgage
1,000
c*
Bonds, (See text) not mortgage
1893
1,000
....
c*
Bonds, not mortgage
1894
c*
Bonds, not mortgage
1895-6
Bonds, not mortgage ($2,750,000 are 48 of 1897)
1897-8 ..-•>•
Bonds, not M. ($1,500,0' are 3^» of 1901). .o&r
1900-1 1,000
Bonds, not mortgage, $2,660.000
1902
•*-.-.
Troy & Boston Ist mort. (V. 53, p. 405)
1,000
35 1874
Brookllne & PeppereU plain bonds, guar, (end)
1891
Hint <t Fere ilarquette—See Pebe MarquetJk 8ta TEME NT.
Florida Central <6 Fen.— See Skaboabd Air Line Ry.
Florida South.— 1st M., $5,000,000, g., guar. AB.c*
244 1895
1,000
londa Johnstown <6 Oloversv.—Con.M., $500,000..
26 1881 100 &c.
Istoonsol. refunding mort., $700,000, gold.N.o*
1,000
26 1897
Gen. refunding M., $1,500,000,(V.71, p. 34) .N.c*"
1,000
26 1900
Johnstown G. & Kingsboro 1st M., assumed..
1,000
4 1893
CayaduttaElec. l8tM.,gu.,p.&i.,byF.J.& G.N..,g.
14 1892
1,000
.
Istcon. gen.ref.M. $7,000,000, g., red.l20.N.c*<fcr
Ft. Smilh (£W.— 1st M.,$5,000,000,g.,red.l05.Me.o'
Fort Wayne <S Jackson Pref. stock, 5^ p. o. rental
Fort Worth <£ Denv. Oity—'Pt. stir, "stamp, ctf s." 4%
1st mortgage, gold, $18,000 per mile
c*
Ft. Worth <{: Rio Or.— Ist M., g., old Ss, int. red.Cec*
Fremont Elkh. d Mo.VaUei,—8ee Chic. <fe Northw.
—
Me
1902
1902
.
.
.
..
1,000
100
100
98
1881
1888
455
146
1,000
1,000
Bonds, guaranties. Etc.— Certain Evansvllle & Indianapolis bonds
are guaranteed. See that company. General mort. 5s for $3,855,000
are held in trust to retire the prior bonds and oar trusts at maturity.
Latest Earns.— 9 mos., 51902-3
Gross, $1,292,112
July 1 to Mar. 28.
Gross, 1,115,589
H901-2
Annual Report.-Report for 1901-02 was given in V. 75, p. 979.
Year end. June ZO—
1902.
1900.
1901.
Gross earnings,
$1,453,660
$1,393,943
$1,392,760
Net earnings
w
704,475
621,631
601,640
Other income
Total net income
Interest on debt
Taxes and ml scellaneous
Evansv. & Ind. deficit
Dividends on preferred
do
common
Depleted equipment
39,233
45,917
37,248
$743,708
$337,950
77,672
64,054
(5%)64,167
$647,557
$337,950
77,253
$658,879
$337,950
70,528
P 6,605
53,768
(5%)64,167
(5%)64,167
(3%)119,585 (3ia%)139,500
189,379
Balance, surplus
$10,486
Officers— President, Edwin
reotors, W. F. Oarleton, N. Y.;
def.$7,034
8ur.$38,003
Hooley, New York; Chairman
of DiVice-Pres., Geo. H. Ball Treas., C. A.
Nones; Secretary, Gilbert S. Wright, Evansvllle, Ind. Directors (Oct.,
1902), V. 75, p. 906.— (V. 75, p. 549, 793, 979; V.76,p. 265.)
8.
;
Evansvllle Terre Haute &. Cblc—See Chic. & East. 111.
Brook Rall^vay.— (.STee Map New York Central A Hudson
River RR.—Ovms from Coming, N. Y., to Antrim, Pa., 53 miles; branch
Fall
to Ulysses, Pa., 40 miles; total 93 miles.
Lease.—The railroad and its rolling stock was leased to N. Y. Central & Hudson River RR. for 999 years from May 1,11899, for $175,000
yearly, payable quarterly in gold, beginning Aug. 1, 1899, also taxes
and repairs, the leases of the Syracuse (Geneva & Coming Ry. and
Pine Creek RR., formerly held, being canceled and new leases made to
N. Y. Central, which also assumed the guaranty of the $3,500,000 Pine
Creek bonds. The lease does not Include the coal properties o( FaU
Brook Coal Co. Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per cent per annum on preferred and 6 p.
0. on common; since the lease, 7 per cent on preferred and 2^2 per cent
on common.— (V. 68, p. 379, 573, 773, 872.)
PoTvhatan RB.—V. 76, p. 653.
& Albemarle.—See Sup. July, '01, andV. 69, p.743)
Fort Wayne & Western Ry.—
Map O. H. J).)—
Farmvllle
&.
Fayettevllle
Flndlay
Owns from
(.See
junction with the
dk
"Big Four "
at Flndlay, O., to Fjrt
Wayne, Ind.. 80 miles. Operated since Nov., 1901, by the Cincinnati
Hamilton
Dayton Ry. First mortgage will be foreclosed and road
will be soid. V. 75, p. 1202. V. 75, p. 497, 978.
Stock. $2,000,000; par $100. First mortgageia$l,200,000, at $15,000
per mile; no incerest paid to July, 1902. For year ending June 30,
1902, gross, $111,788; oper., def., «!2,200. In 1900-1, gross, $106,358;
net, $17,11 l.-(V. 75, p. 980, 1202.)
&
RR.—
Fltchburar
Svstem extends from Boston Mass. to Troy,
N. Y., 190 miles; branches to Worcester, Bellows Falls, etc., 268 miles;
458 miles in all, of which 56 miles (Fitchburg to Greenfield) leased
from Vermont
Mass. and 8 m. from other cos.; second track 172 m.
Lease.—Leased for 99 years from JtUy 1, 1900, to Boston & Maine for
5 p.o. on pref. and 1 p. c. on common stock, payable quarterly [Jan. 1.
etc.], organization expenses, interest on bonds, taxes, expenses of
mamtenance, etc. (The B. & M. holds about $5,500,000 of the $7,000,000 common stock, purchased with proceeds of its 3 p. c. lionds,
at 90, tUe remainder being in the treasury V. 70, p. 76, 125, 176, 583,
1291; V. 71, p. 29. 543 V. 72. p. 532.
Bonds.— Debentures described in V 60. p. 967. The stockholders
voted Sept. 24, ia02, to Issue $2,660,000 3^ p. c. bonds to provide for
various bonds maturing up to Deo. 1. 1903, inclusive; also to provide
for additions and improvements. V. 75, p. 611; V. 73, p. 1112, 1312.
ANNUAL Report.— Last report (for 1899-1900) was in V. 71, p. 909.
—(V. 74, p. 629; V. 75, p. 611, 666; V. 76, p. 653, 810.)
&
;
&
Fere Marquette RB.—Merged tn Pere Marquette RR
Florence Iron Fbospbate & RR.— See Supp. for Oct., 1902.
Florida Central & Penln«ular RR.— SeeSeaboard Air Line Ry.
Florida East Coast Ry.— Operates from Jacksonville, Fla., via
Flint
8t. Augustine, to Miami,
etc., 17 miles; Atlantic
366 miles
branches to Palatka, San Mateo,
Western, Blue Springs to New Smyrna, Fla.,
28 miles; Titusville branch. 48 miles; Jacksonville to Mayport, 25
mUes; total, 484 miles. V. 69, p. 591. In Apr., 1903, extension was
under construction Irom Miami south 22 miles. System owned by
&
;
Henry M. Flagler.
June 30, 1901,
stock. $1,000,000; $7,100,000 bonds issued.
In
mortgage to the Colonial Trust Co. of New York,
as trustee, to secure $8,741,000 thirty-year 5 per cent bonds, to be
dated J an. 1 1 903 a portion of the issue to he presu m ably reserved to retire $7,100,000 existing bonds at or before matuntv
V. 75, p. 906.
For year 1901-02 gross earn8.,$l,936,948; net,$533,65"6,agst.$3b4,241
Oct., 1902, fll^d a
,
,
;
in 1900-01; charges $383,963.-(V. 61, p. 112, 470, 591; V. 75, p. 906.)
A. & O. N. Y., Far. L. & Tr. Co.
$450,000
do
do
2,223.000
5 g. A. & O.
5,000,000 See text Q-F. 5 Office, Coming, N. Y.
1.200,000
J. <fe J. None paid to Jan., '03
800.000
i^- Sept. 1.
17,360,000
Q.-J. Office, Bos. & m:.,B08.
5
Boston, Office,
Various
2,000.000
5
do
do
4
F. & A.
5,000,000
do
do
4
Various
2,500,000
do
do
500,000
4
J. & D.
4-5
do
do
Seml-an
1,878,000
do
do
500,000
M. & N.
41a
do
do
4
Seml-an
1,859,000
do
8emi-an
do
4.200,000
4
3ifl
do
do
A. &0.
2,000,000
3ifl
(0
do
573,000
J. & J.
do
7
do
J. & D.
do
100,000
5
4,241,000
4 g.
6
200,000
4^2 g.
500,000
800,000
50,000
350.000
6
4ifl g
abt4 000000
5 g.
750,000
5»3
2,291,416
4
in
1903
2,540,000
6 g.
8,176,000
2,923,000
4g.
A.
&
&
&
&
&
&
&
&
M.
<fe
J.
A.
J.
J.
J.
A.
M.
J.
N. Y., U.
S.
Trust Oo.
O.
J.
J.
J.
N.Y.,N.Y.8eo. &Tr.Co,
do
do
O. N. Y.,
Farm. L.
N. N.Y.. N.Y. Sec.
O.
& T. Co.
& Tr.Co,
N. Y., Merc. Trust Co.
8 N. Y., Farm. L. & It. Co
See text. N. Y., Morton Trust Co.
N. Y., Mercantile Tr.
J. & D.
J. & J. N.Y.. H.B.Hollins & Co
pal.When Due.
Stocks— li&st
Dividend.
Apr. 1, 1930
Apr. 1, 1942
Feb. 5, 1903
1, 1945
1, 1945
Apr. 1, '03, 11*
1, 1908
Feb. 1, 1937
Jan.
Jan.
May
1904-5-7
June
1920
1903
May 1, 1914
1915 & 191©
1,
Various,
1927-1928
Oct. 1,1920-21
1922
July
Deo.
1,
1,
1924
1911
Jan. 1, 1945
Apr. 1, 1921
1947
1950
1913
1922
Oct.
1952
Nov.
1932
Apr.
Mar. 1 ,'03,2%
Apr. 1 ,1903,4
Dec. 1, 1921
July 1, 1928
July
July
July
1,
1,
1,
1,
1,
1,
Florida Southern RR.— rSee Map Atlantic Coast Line RR.>
-Owns from Palatka. Fla., to Brooksvllle, Fla., 145 miles; Bartow to
Punta Gorda, 74 mUes; branches, 25; total. 244 miles. Extension
from Punta Gorda to Fort Meyers, Fla., 28 miles, was under construction in Apr.. 1903. The bonds were formerly guaranteed by the Sav.
Florida & Western, this guaranty being accepted by its successor, the
Atlantic Coast Line RR. For year 1901-02, gross, $479,802; net,
$117,273; other income. $5,603; interest on bonds, $169,640; taxes,
$31,932; bal., def., $78,796.— (V. 76, p. 48.)
Fonda Johnstown & Gloversvllle RR.—Owns from Fonda,
N. Y., to Northville, 41 miles; leased lines, 11 miles; total, 52 miles.
In Deo.. 1902, absorbed the Cayadutta Electric RR. and the Amsterdam (Electric) Street Ry., the latter of which was building an extension (double track) from Amsterdam to Schenectady, 15 m.. and to
Hagamans, 2^ miles
V. 73, p. 31, 493, 1355; V. 74, p.987; V. 75,
Stock $2,500,000; par, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and all outstanding $200,000 of uayadutta Elec. Ry. 1st con. Ss. (V. 71, p. 1167.) In
1896 parties Interested in N. Y. Central entered directory.
Bonds.— Of the oonsol, 412s of 1902 ($7,000,000 authorized) about
$4,000,000 were Issued to retire Amsterdam Street RR. bonds and for
construction, double-tracking from Johnstown to Schenectady, power
house and other improvements, and of the balance $1,850,000 are
reserved to retire prior liens, and $500,000 for improvements and extensions. V. 76, p. 265. Guarantees $30,000 Glov. & Broad Albtn 58.
Earnings. -For 3 mos. ending Sept. 30, 1902, gross, $116,600; net^
$50,499, against $33,066 in 1901. Year 1901-02, gross, $352,740; net.
$109,200; other income, $59,203; Interest, taxes, etc., $115,921; dlv(8 p. c), $48,000; bal., sur., $4,482.— (V. 76, p. 212.)
Operates Fort Smith, Ark., to
Western
Fort Smith
Garner, I. T., 96 miles, of which Ft. Smith Jet. to Garner, 76 miles,
is owned and Ft. Smith Jet. to Ft. Smith, 20 miles, is Kansas City
Southern trackage; under construction from ©arner to Guthrie, O. T.,
120 miles, to be completed .July, 1903. The road will develop coal
properties in Oklahoma; Henry C. Frick of Pittsburg, Pa., is understood to be largely interested. Stock. *5.000.000, all outstanding;
par of shares, $100. Bonds, see table above. Presidentand Treasurer,
A. C. Dustin, of Cleveland, O.— (V. 75, p. 29, 549.)
Owns Jackson, Mich., to Fort
Jackson
Fort W^ayne
Wayne. Ind., 98 miles. On August 24, 1882. leased perpetuaUy to
Lake Shore & Michigan Southern at a rental of $126,027, equal to 5ia
per cent on the preferred stock (see V. 56, p. 812), and after 1887 any
net earnings over 8 per cent on pref. stock to be paid as dividends on
common, but not exceeding 2 p. 0. a year. Common stock, $436,132.
p. 1399.
&
RR.—
&
RR.—
Fort W^orth & Denver City Ry.— Owns Fort Worth, Tex., to
TexUne, 454 m. Owns stock and bonds of Fx Worth &Den. Term. Ry.
Stock, Etc. —Colorado & South. Ry. owns a majority of $6,835,000
common. Pref. stock, "stamped," see V. 63, p. 1063.
Dividends.- On pref. 2p.c. Mar., '98; Mar., '99. 2 p.o.; Apr., 1902. 2
p. 0. out of surplus earnings of the years 1899-1901; Apr., 1903, 4 p. c.
from surplus earnings of 1902.
Bonds.— Finances readjusted in 1896. Plan V. 63, p. 75. Abstract
of mortgage V. 45, p. 440.
Gross, $1,749,264; net, $419,795
EARNINGS.-8 mos., (1902 3
Gross, 1,501,627; net, 411,201
July 1 to Feb. 28. H901-2
Annual Report.— Fiscal year now ends June 30. Interim report
for 6 mos. ending June 30, 19o2. was In V. 75, p. 607, showing gross
earnings, $1,119,556. against $1.020.8:-iO in 1901: net, $291,559,
against $264,047; other Income, $7,822; interest, taxes and rentals,
$272,725; bal., 8ur., $26,656. Report for 1901 was In V. 74, p. 676:
1898.
1899.
1900.
1901.
Year end. Dec. 31—
$2,163,397 $1,807,089 $1,610,852 $1,479,435
406,522
340,157
346,410
533,860
17,881
15,750
17,083
11,962
From total net Income, as above, In 1901 ($545,822), deduct Interest
on bonds, $495,842; rentals, $10,000; bal., $39,981.
Pres.. Frank Trumbull, Denver, Col.— (V. 75, p. 607; V. 76, p. 593.)
Rio Grande Ry.— Owns from Fort Worth, Tex.,
Fort %Vortb
to Brady, 194 miles, of which Brownwood to Brady, 48 miles, was
completed in Mar., 1903. Stoch outstanding was $3,108,100; par,
$100. The stockholders voted June 13, 1901, to increase the stock
to $6,250,000 to pay for extension from Brownwood to San Antonio
and the Mexican border, of which 48 miles to Brady completed. V. 72.
Francisco &
p. 1237. In Apr.. 1903. consolidation with St. Louis San
Texas Ry. (St. Louis & San Francisco system was authorized.) V. 76,^
Gross earnings
Net overtaxes
Other Income
&
p. 159.
Interest adjustment.— In May, 1897, Ist mortgage 5 per cent
bondholders agreed to accept 3 per cent interest from Jan. 1 1897. to
Jan. 1, 1902, inclusive, and 4 per cent thereafter. Old coupons wiU
be held alive by tmstee for benefit of bondholders.— See V 64, p. 888.
For vear endintr Jiuie 30, 1901. gross, •e661,308; net, $293,196: Int.
.
$88,195; taxes, *11,669; betterments, $40.0t>3; bal.. sur.. $1.t3,269.
Later earnings are included with those of the St. Louis & San Fran.
(V.73,p. la7; V. 76, p. 212 )
Foxbnrs Bridge Co.— V. 75, p. 1086, 1253.
Fulton County Narrow Gauge By.-See Apr., 1900, Supp.
INYESTOES' SUPPLEMENT.
:iri
RAILROADS.
Date
Miles
ISize,
or
[Vol.
INTEREST OR DIVIDENDS.
Amount
LXXVI.
£o»td«— Prinoi-
pal.When Due.
For explanation of column beadings.^o., see notes of
Par Outstanding Rate
of
Wben Where Payable, and by Stocks—lidkBt
Dividend.
Road. Bonds Value.
on first page of tables.
Per cent. Payable
Whom.
!
Gainesville <t Oulf— 1st mort.. $150,000, gold... So*
Galveston Harrisb. cf 5.4nto>uo— l8tM.,g.,landgr.O'"
2d mortgage, Harrisb. and Houston to San Ant.o*
48
256
225
671
671
50
1899 $1,000
71-'80
1880
1,000
1,000
1,000
1,000
1,000
$150,000
West-Div. l8tM.,g.,8anA.toElPa80,636 m.&br.c*
1881
2d mortgage (see remarks)
1881
c*
Balvesto7i Hmiston dt Eend. of 1882— Ist M., OTEe.o*
1883
Galveston Houst. <e North.— iBt M., $800,000. gold .
56 1900
Genesee <6 Wyoming RR.—lBt M., g., $500,000. K..
16 1899
i".6o6
Georgia tt Alabama— Oa. Carolina <e Norlh'n—See Seab.
L INE Ry,
GeorgiaFlor.ee Atab.—latM., $550,000, g .. Ma.O" Text 1901
1,000
Georgia Midl'd JBv.— Ist M., g., $1,650,000, int. gu.
98 1896
1,000
Georgia Pacitie—8ee Southern Ry.
Georgia Railroad <£ Banking Co.— Stock
100
307
Bonds, refunding, not mortgage, currency
o*
1897
1,000
Bonds, not mortgage, currency
o*<tr
1880
1,000
Bonds, not mort., cur., $200,000 are 5s of '87c'<fcr
1882-7 1,000
Georgia Southern £ Fla.— Com. stock, $1,000,000
100
iBt pref., red. aft. June 1, 1905, $684,000, 5 p. o. Text
100
Am
.
2dpref., $1,084,000, 5 percent
100
1st mortgage, gold. $4,000,000.
285 1895
1,000
c*
1st consol. M, $10,000,000, gold. IV
397 1902
o*&r
1,000
Equipment trusts, $18,000 due semi-annually.. 1,000 1902
Gettysburg (& Harrisburg—So. Mt. Ist mortgage
i',606
(Jettysb'tr & Harrlsb'g Ist mortgage, old issue...
1882
1,000
Ctonsol. mortgage, $565,000, gold, see text
35 1891
1,000
Gila Valley Globe £ NortKn—\9X M., g., text..lTIp
125 1894
1,000
Gothen <k Deckert'n—lBt & 2d M. ($60,000 are 2d8)
12 1888-9 500, &0
Gouvemeur <£ Osioegatchi&—lBt M, ,g, gu. p.A i. U n.o
13 1892
1,000
Gr. Rap. Belding <e Saginate—lBt mort., text, gold
28 1899
1,000
Gratid Rapids <£ Indiana iJy.— Stock, $6,000,000.0'
100
l8tM.,mo8tlyl. gr.,g.,ext. in 189»
c*
335 1891
1,000
Ist mort., extended, gold, guar, by Pa. RR
c*
335 1891
1,000
2d M.. $5,000,000, g
1.000
c*
387 1896
MeBa
Ry.—
Gainesville Sc Gulf
Sampson City to Fairfield, Fla., 48
miles. Stock authorized, $1,000,000; par $100; issued July, '01, $300,000. Loans and car trusts Jane 30, 1901, $49,537. Year ending
June 30, 1902, gross, $67,235; surplus above charges, $2,175. President, J. M. Graham. Office, Gainesville, Fla.— (V. 73, p. 616. 783.)
Gainesville Jefferaon &. So.
See Apr., 1900. Supp.
RR.—
Galveston Harrlsbnrg & San Antonio Ry.— CSee Map South
Paci^.;— Owns Houston, Tex., to east bank of Rio Gr. River, 834 miles;
branches. 73 m.; total, 917 mUes.
Organization, stock, etc.—Operated by the Southern Pacific Company, which owns $27,054,400 of the $27,084,372 stock (par, $100).
Bonds.— Piret mort. has a sinking fund of 1 p. c, but it is optional
with holders to surrender their bonds if drawn. Western Div. 2ds
by special aereement are treated as income bonds. V. 58. p. 719.
On June 30, 1902, there was due the Texas & New Orleans RR. $1,464,37 6. School fund claims, V. 64, p. 1137; V. 66, p. 471; V. 70, p. 686.
EARNINGS.— 7 mos., > 1902-3
Gross. $4,014,019; net, $771,892
July 1 to Jan. 31. $ 1901-2
Gross. 4,362,9c>2; net, 1,202.225
Year ending June 30, 1902, gross, $7,147,824; net, incl. other income, $1,338,578; charges, $1,295,838; bal.. sur., $42,740.— (V. 66,
p. 471; V. 76, p. 542, 810.)
Galveston Honston
& Henderson RR.
of 1882.—Owns
from Gal peston, Texas, to Houston, Texas, 50 miles.
ORGANIZATION.— The M. K. &T. and International & Great North,
nave had trackage rights since December, 1895, under a contract
providing for payment to mortgage trustee of $100,000 yearly
to meet interest on G. H. & H. bonds and an additional rental of
$24,000 per annum for dividends or other purposes— see V. 61, p.
1064; V. 63, p. 697. M. K. & T. owns
shares of G. U. & H. stock
— see V. 61, p. 1013. Stock, $1,000,0004,999
par, $100. For year ending
;
Deo. 31, 1902, gross, including $124,000 for trackage as above, $375.823; net, $178,629; other income, $3,569; Interest, $100,000; equip't
and im p'ta, $63,732, balance, surplus, $18,466.— (V. 65, p. 1114.)
k Galveston Houston
Nortbern Ry.— Owns from Magers,
suburb of Houston. Texas, to Galveston 53 miles. Successor May 1,
1899, of Galveston La Porte & Houston Ry., sold under foreclosure.
Capital stock is $500,000; issued $200,000, of which the Southern
Pacific owns $199,000, together with aU the bonds. V. 72, p. 287.
Year ending June 30, 1902, gross earnings were $408,441; deficit
under operating, $28,972.— (V. 71, p. 1311; V. 76, p. 542.)
NGenesee
Retsof, N. Y., to Pittsburg & Lehigh
Jot., 11 miles; Retsof Jot. to Grelgsville, 4 m.; branch. 2 m,; total, 16
m. Stock, $500,000: par of shares, $100. Dividends from Oct., 1899,
to Oct., 1902, incl., 5 p. c. yearly (paid A.-O); 1903, Apr., 4 p. 0.
Year 1901-2, gross, $127,307; net, $71,051; int. and taxes, $28,550; dividends (5% ), 1^25,000; bal., $17,501. Pres't and Treas.. E. L. FuUer,
Siranton, Pa.; Sec, H. D. Fuller, 115 Broadway, N.Y.— (V. 76, p. 704.)
George's Creek
Cumberland.—See Apr., 1900, Supp.
L^GeorgetOTrn
Western.-See Apr., 1900, Supp. (V. 75, p. 1354.)
Georgia Florida
Alabama Ry.— Arlington to Bainbridge,
Ga., 40 miles; extension to Tallahassee, Fla., 41 miles, was placed
in operation in March, 1902. Further extension projected from
Arlington to Columbus, Ga., 90 miles, of which 26 miles from Arlington to Cuthbert, Ga., were operated Jan., 1903. An extension is
also to be built from Tallahassee, south to Tampa, 130 miles, via
Perry Old Town and Brooksville, with branch irom Old Town to
Archer, Fla., under the charter of the Florida Southeastern Ry., incorporated June 15, 1902. V. 75, p. 29. Name changed In 1901
from Georgia Pine Ry. Stock. $350,000, aU outstanding; par,
$100. For year ending June 30, 1901, (40 mUes, mortgage issued
later), gross, $68,470; net, $28,223; taxes, $1,138; improvements,
$13,573: bal., sur., $5,706. President, J. P. Williams; Sec. and Treas.,
J. O. Hatch.
Office, Savannah, Ga.— (V. 74, p. 1089; V. 75, p. 29.)
Georgia ITlidland Ry.—Owns road from Colvmibus to MoDonough,
Ga., 98 miles. Leased from July 1, 1896, for 99 years to the Southern
Railway Co. for $49,500 annual rental (being Interest on the first mortf;age bonds, etc.,) and $2,500 for Columbus terminal property. Stock
B $1,000,000, owned by Southern Railway Co.— (V 63, o. 36/.)
&
& Wyoming RR.—
&
&
&
Georgia Railroad.- Underthlsnameareoperatedthelines leased
from the Georgia KR.
Banking Co.— which see.— (V.
1260.)
from
Atiyusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
»nQ Athens, 58 miles; Macon & Augusta RR. (proprietary road), Camak,
Qa.. to Macon, Ga., 74 miles trackage, 4 miles total, 307 miles.
ORGANIZATION.— Owns also one-balf the stock of the Western Railway
of Alabama (the Central of Georgia Railway owning the other half),
and a 47 per cent interest in the Atlanta <fc West Point (which see).
Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,000 first mortgage 4»a per cents of Western Railway of Alabama.
In April, 1881, the raUroad (307 miles) and its interest in the other
railroad companies were leased for 99 years to W. M. Wadley and
associates, for the Central of Georgia and the Louisville & Nashville, at
$600,000 per year, but In April, 1899, the L. <fe N. was held to have acquired all rights under the lease; the Atlantic Coast Co. in July, 1899,
acquired a halt interest. V. 68, p. 722; V. 69, d. ?!85. 591: V. 70, p. 125.
Deo 31, i6'J2, the banking department was turned over to "Georgia
Railroad BanH," a majority [$198,200] of whose stock is owned.
»«Dlvios>fDs—
'88.
'89 to Apr., 1903.
> '81.
'82. .'83 19 '87.
Slaoe 18S0, P. Ot. J 9'« jlO'4
10 yearly 104t
11 p. o. yearly.
Georgia
<&
Railroad
67, p.
& Banking Company.— Owns
;
;
6g.
««•
4,756,000
1,000,000
13,418,000
6,354,000
2,000,000
800,000
500,000
5
315,000
1,650,000
3
4,200,000
1,000,000
1,000,000
500,000
1,000,000
684,000
1,084.000
3,801,000
2,000,000
342,000
100,000
250,000
215,000
1,514,000
246,500
300,000
260,000
5,791,700
920,000
4,455,000
3,962,000
J.
F.
J.
%'
M.
J.
A.
5
5
g.
J.
A.
J.
g.
A.
11 in '02
5
J.
6
J.
5&6
J.
<fe
J. N. Y.,
&
&
&
&
g.
g-
4
412
4
6
5
3
5
g.
6
5
g.
J.
J.
<te
1,
1,
1951
1946
Augusta; mall'd to N.Y. Apr.15,'03,2%
Jan. 1, 1922
J. N. Y., Am. Ex. Nat. Bk.
J. N.Y.,Am. Ex.Bk.&Aug.
Augusta; 6s In N.Y.
J.
AH
5 in 1902 M.
N. Bait. M.T.&D.Oo.&N.Y.
do
4 in 1902 M. &s N.
do
5
1929
1, 1910
1, 1906
1, 1931
1, 1931
1, 1918
1, 1930
1, 1929
Standard Tr. Co.
& A. N.Y.,8o.Pao.Co.,&Bost. Feb.
June
do
& D.
do
& N. N.Y.,So.P.Co.,120B'w'y May
July
& J.
& O. N. Y., Merc. Trust Co. Apr.
Jan.
New York,
& J.
& O N. Y., Knlck. Trust Co. Apr.
& J. New York & Savannah. July
& O. N. Y., J. P. Morgan & Co. Apr.
3.
& J.
M. & S.
A. & 0.
A. & 0.
Various
M. & N.
Jan. 1, 1910
Jan. 1, 1922
Nov
4,'02,2i«
Nov. 4,'02,2%
Balt.M.T.&D.Co.& N.Y. July 1, 1945
July 1, 1952
do
do
Sep.'03,Sep'ia
1898
1912
1926
do
do
1924
Nov.
New York.
1928-29
Various NBk OrCo.Goshen.N.Y.
Jtine 1, 1942
J. & D. N.Y., Gd. Cent.8tatlon.
M. & S. Int'l Trust Co., Boston. Mch. 1, 1924
5g.
in 1902 A.
3»«g.
J.
4isg. J.
4g. A.
Earnings.— 307 miles,
JulyltoFeb.28.— 8 mos.
&
&
&
«fe
0.
J.
J.
Phlla., Reading office.
Phila., P. «fe R. office.
Apr.
Oct.
Oct.
1,
1,
1,
1,
Of., Gr. Rapids, Mich. Apr.25,'03,lia
N. Y., Winslow, L. & Co. July 1, 1941
do
do
Philadelphia, Pa.
0.
July 1, 1941
Oct.
1,
1936
3.. Gross, $1,586,785; net. $568,802
1901-2.. Gross.
1,373,132; net, 493,219
Railroad earns, for year ending June 30, 1902, gross. $1,986,757; net,
$649,229; divs. received, $116,166; advances. $16,555; rental to Ga.
RR.& B. Co., $600,000; balance, sur., $745,840.— (V. 70, p. 125.)
)
1902
^
Georgia Soutkern & Florida Ry.—(See Map of Southern Ry.)—
Owns from Macon. Ga., to Palatka. Fla., 290 miles. In Oct., 1902, pur-
&
W. Ry., Valdosta, Ga., to Jacksonville, Fla., 107 m.
of the Georgia S. & F. Railroad, sold in
foreclosure April 2, '95. (PerplaninV. 60,p. 928; seealso V. 59,p. 551.
Dividends.— On let pref.,'96, 4 p. c; '97 to Nov., 1902, 5 p. c. yearly
On 2d pf. in '97, 2 p. c; '98, 3; '99, 3; 1900, 4 '01, 4; 1902, 4 p. o.
BONDS.-Abstractof 1st mortgage of 1895 was In V. 61, p. 429. The
mortgage is for $4,000,000 and covers road from Macon, Ga., to Palatka, Fla., 285 miles, and provides also that 'the $684,000 /lrs< pre/erred
stock shall be a lien thereon second only to the bonds and coupons.
The unissued firsts are reserved for old claims. Improvements, etc.
The first consol. 4s of 1902 are for the authorized amount of $10,000,000; of which $4,684,000 are Issuable to retire the $4,000,000
fives and $684,000 first preferred stock, $2,000,000 were issued to
acquire the Atlantic Valdosta & Western Ry. and $3,316,000 are reserved for future requirements. V. 75, p. 930.
Latest Earnings.- 8 mos., 5 1902 3. Gross, $1,063,526; net, $286,013
July 1 to Feb. 28.
854,762; net, 234,853
< 190 1-2. Gross,
Annual Report.— Fiscal year ends June 30. Report for 1901-2
was in V. 75, p. 608, showing gross. $l,250.87t) net, $294,970 other
Income, $14,089 Interest on bonds, $190.050 div. on pref. stock,
$77,560. Pres.. Samuel Spencer, N. Y.— (V. 75, p. 849, 980.)
Gettysburg & Harrlsburg RR.—Carlisle to Gettysburg. Pa., 31
miles; branch to Round Top, Pa., 3 miles. Tne Reading Company owns
$540,700 of the $600,000 capital stock, $535,000 of which deposited
as part security for its general mortgage of 1896. The consol. 58 of
1891 were guaranteed by Phila. & Read. RR. (foreclosed co.).
Gila Valley Globe & Nortbern Ry.—Bowie, Ariz., to Globe,
125 miles. Stock, $2,000,000, of which Southern Pacific Co. owns
$1,100,000. V. 71, p. 1314. Par, $100. The bonds, limited to $15,000
per mile ($1,514,000 outstanding), are guaranteed, principal and interest, by South Pacific Co. V. 69, p. 27; guaranty In V. 68, p. 232.
Dividend.—Dividend, 1901, Jan., 4 per cent; 1902, Jan., 4 p. c.
Earnings— 8 mos..
Gross, $201,985; net, $119,541
51902-3
Gross, 243,154; net, 126,341
July 1 to Feb. 28.
(1901-2
Year ending June 30, 1902, in V. 75, p. 340, viz.: Gross, $375,367;
net, $185,452; interest, $75,700; div. (4 p. c), $80,000; balance,
surplus, $29,752. President, William Garland; Sec. and Treas., A. O.
Laird, Los Angeles, Cal.— (V. 73, p. 616, 11 08; V. 75, p. 340.)
Gonverneur & Oswegatcbie RR.— Owns from Gouvemeur to
Edsvards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y. Cent,
—which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
Grand Rapids Belding & Saginaw RR.— Freeport to Belding,Mich.,28mile. Mortgage is for $260,000 on 28 miles and$9,000 per
mile for additional construction. Leased from Jan. 1, 1900, to Pere
Marquette RR. (which owns all the capital stock) for 30 years, rental
chased Atl. V.
History.—A reorganization
;
:
;
;
;
covering interest.— (V. 70, p. 39.)
&
Grand Rapids Kalkaska SontbeasternRR.—Rapid City
West Mich. RR. (now
Mich., to Stratford, 33 miles. Leased to Chic.
Pere Marquette) for 10 years from Jan. 20, 18!i8, at $20,000 yearly
and 15 per cent of gross earnings Jrom merehandi.se, logs and lumber
other than pine. Sinking fund Jan. 1,1903, $54,692.— (V. 66, p. 857.)
Grand Rapids Indiana Ry.— rSee Map of Pennsylvania RR.)
—Owns from Fort Wayne. Ind., to Mackinaw City, 367 miles Manistee
Branch, 19; other branches, 44 mUes; total owned, 430 miles; operates
the following roads but has not assumed the old company's leases
thereof: Cincinnati Richmond & Fort Wayne RR., 86 m.; Traverse City
RR.. 26 m.; Muskegon Grand Rapids <fe Indiana RR.. 37 u. The Traverse City Llelenau <fe Manlstique RR.. to be completed from Traverse
City to Northport, Mich , 30 miles, about July 1, 1903, will be operated for Its net earnings. See V. 74, p. 777; V. 76, p. 811.
History.- Successor Aug. 1, 1896, of Grand Rapids <& Indiana
Railroad, foreclosed under second mortgage per plan in V. 63, p. 163.
Dividends.- Dividend. 1 p. c, Apr., 1900 in 1901, 2 p. 0. (A. & O.)
1902, AprU, 1^ p. c: Oct.. II2 p. c; 1903, Apr., l^ p. c.
Stock.- Stock, $6,000,000, of which Pennsylvania Company is supposed to own all or nearly all. V. 74, p. 9a.
Bonds.—The first mortgage bonds extended at 4ifl per cent are endorsed with the guaranty of the Pennsylvania RR. Co. to purchase the
coupons as they mature, and the bond itself at maturity. They have no
lien on land grant. See guaranty V. 56, p. 649; V. 69, p. 1193. Of
the 2ds $3,687,000 were owned Jan. 1, 1903, by Penn. RR. Real
estate mortgages, $150,000.
Report.— Report for 1902 was in V. 76, p. 749. In 1902 carried 2,147,230 tons freight, of which 46 p.o. was lumber, etc.. and 10 p.c. coal,
1899.
1900.
1902.
1901.
Fear end'g Dec. 31.
428
430
430
430
Miles operated.
&
&
;
$3,196,738 $2,871,782 $2,661,433 $2,464,284
Gross income
634,847
585,316
784,470
700,713
Net over exp'sA taxes
Interest charge for 1002, $390,927; other, $142,363; dividend
(3 p. 0.), $173,730; bal., surp., $77,449.— (V. 76, p. 7 451, SlO.)
Apkil,
RAILROAD STOCKS AND BONDS
1903.]
RAILROADS.
Vor
Miles:
of
explanation of oolunm headings, &o., eee notes
Road.
on first page of tables.
I
Date
Size, or
Brand Rapids Kalkaska d
s. f., IB..
33 1897 $1,000
8.
£100
1882
Grftnd Trunk ify.—Consol. stock, £23,318.309..
1884
£100
4 p. c. guar, stock, non-cum., to be £10,000,000
1873-4 £100
Ist preference 5 per cent stock, £3,420,000
1873-4 £100
2d preference stock, £2.530,000
£100
3d preference 4 per cent stock, £7,168,055
1874
£100
Debenture stock, £4,270,575
3,512
1874
£100
f
Consol. debenture stock (col. trust), cum
£100
1869
2d equipment M. (subject to Ist M. In trust) .o J
Securities of Lines Consolidated with G rand Trun k Rt.
100
o 8361a Var.
Great Western perpetual debenture stock
Northern Ry., 3d preference A & B bonds
o> 490% 1868
1884
Debenture stook,4p.o., perpetual, £425,850. {
Grand Tr. Geo. Bay & L. E. IstM.. £310,200. o*&r 189% 1883 £100 &0
1878
£100
Mldlandof CanadalstM., sectional, £525,000.0
455 1882
£100
Consol. IstM., £3,164,700
5
£100
Wellington Grey & Bruce IstM., £532,000
c I68I4 1874
Orand li-ank Wes/'/i— Northwest Gr. Tr., 1st mort.
66 1880 $500&o.
£100
let M., $15,000,000, int guar., g., $ (cur.) & £.F 326-5 1900
2d M., Income, g., $1,500,0C0, red. (text)... .Col. 326-5 1900 $500&0.
$100
mt. Nort}iernr-9,\Ofi^, $125,000,000
100
8t. Paul Minn. & Man.— 8took,orlg. $20,000,000.
8t.P.M.&M.2d(now 1st M.)g.doesnotoov. l'd8)o* 624 1879
1,000
Dakota Extension let M. gold
1,000
Ce.o* 1,221 1880
1,000
2,655 1883
^*^0*0()0'000 \ ^°®'^ ^^* ^- onlands) gold.Ce | 2,655 1883
1,000
Montana Exten. IstM. ($25,000 p. m.),g.Ce.c*&r 420 1887
1,000
Paoiflc Extension M. £6,000,000, gold Ce..fl*Ar
819 1890 £100 &0
C.B.&Q.c'l.tr.M.g.(8u.to caU af.Ja.'06atl05)«c&r
1901 $1000*0
Minn. Un.RR.lst M.,g.,gu. ($650,000 are 5s). Ce.o'
1882
1,000
East of Minn. 1st M. ($50,000 p. m.), g., gu.Ce.o*<fer
72 1888 1,000&0
No. Dlv, mort., $15,000,000, gold, guar.I»Ie.o*<fer 299 1898 1,(K)0&0
I
.
,
a $11,502,000
Minn
Whom.
Payable
Dividend.
$200,000
5 g. A. & 0. Int'l Trust Co., Boston.
£22,475,985
1902 A.' '& "0. Check from Co.'s office.
4
in
5.219,794
3,420,000 5 in 1902 A. &. 0.
do
do
2,530,000 6^2 in '02
")
8t. P.
Boruls—k^vaokINTEREST OR DIVIDENDS.
pal,When Dne.
per When Where Payable, and by Stocks— haex.
Amount
of
Par
Rate
Bonds Value. Outstanding Cent.
E. — 1st M.,
&9
7,168,055
4,270,375
12,515,678
414,300
5
4
6
2,723,080
15,900
5
6
347,990
187,500
458,600
1,072,100
91,200
563.000
14,437,000
4
&
F. &
A. &
F. &
F. &
M. &
J. &
J. &
J. &
J. &
J.
5
5
Varies.
6
g.
1,
1907
Apr.25,'02, 2%
Apr.25,'02.2i«
Apr.25.'02,2i3
Apr., 1903,1%
J.&J.14
Q.-J.
5
4
Oct.
None ever pd.
Irredeemable
Irredeemable
July 1, 1919
J.
A.
O.
A.
A.
N.
Irredeemable
Irredeemable
Irredeemable
Aug. 1. 1903
May 1, 1908
Jan. 1, 1912
Glyn, Mills, Currie
_
& Co., London.
^
'
J.
J. Jan.,'92, cp. pd. Jan. ,'03
J. N. Y., Nat. Bk. of Com.
York.
J. London or
1 p. 0. paid 1901-02.
Not
Jan.
New
fixed.
1, 1910
1, 1950
1, 1950
1, '03,
1, '03,1 »fl
July
July
1,500 000 Up to 4%
123,976,700 See text Q.-F. N. Y.Offlce,32 NassanSt.
C453.600
6
Q.-F.
do
do
7.428,000
«• A. & O. New York and London.
f
5.573,000
6g. M. & N. N. Y., 32 Nassau St.
13,344.000
do
do
6g. J. & J.
4l2g. J. & J.
20,108,000
do
do
do
a 10,185,000
do
^^• J. & D.
b£3,000,000
J. & J, N.Y.&Lon., Baring Bros
215,155.000
New York, etc.
4 g.
ir
2,800,000 5&6g.
& J. N. Y., 32 Nassau St.
& o. N.Y.32Na8.;Bos.,Lee,H
4,700,000
5 g.
d5,000.000
do
do
4g. A. & O,
May
May
Oct.
Nov.
July
July
June
1%
1,
1,
1,
1,
1,
1,
1,
1,
1,
1909
1910
1933
1933
1937
1940
1921
1922
1908
July
July
July
Apr.
1928-1948.
additional pledged for Pac. Extension bonds of 1890. c Great Nor. has acquired aU except $453,600 of $20,000,000 stock of
b £3,000, )00 additional held by Great Nor. d Subject to call after April, 1928. H (Coupon bonds J. & J.; reg., Q.-J.
& Man.
Grand Trunk Ry. of Canada.— Operates from Quebec, Can.la Montreal, to Chicago, m.: also to Portiand. Buffalo. Detiolt, Toledo, etc.:
BEPOETED SEPABATELT.
8T8TEH PROPEB.
Maes.
Lines owned
8,089
MOes,
Majnrity Stnck Otmied.
Central VermontlT
470
I/easfd—partly ovmeA—
Grand Trunk WestemT
Atlantic « St. Lawrence, PortEntire stock (ywned.
land, Me., to Island Pond, Vt... 150 Detroit Grand Haven & MUT
Bufialo * Lake Huron
162 Michigan Air Line
Cincln. Sag. '& MackinawT
53
Jointly oiimed.
Other lines
105 Detroit & Toledo Shore Line
836
188
106
61
Total road
4,710
TSee separate statement this Co.
Obganization.— A consolidation, in Aug., 1882.
In Nov., 1902. the company was proposing to extend its line about
2,500 to 3,000 miles to the Pacific Coast, under the name of the Grand
Trunk Paclflo Ry., the Pacific terminus to be Port Simpson, 350 miles
north of Vancouver. V. 75. p. 1202, 1301; V. 76, p. 810.
In Dec, 1902, purchased the Detroit
Toledo Shore Line RR., Detroit, Mich., to Toledo, O., 51 miles. In connec Ion with the Toledo St.
Louis
Western Ry., the latter and the Grand Trunk Western Ry.
Total in earnings
8,659
&
&
jointly guaranteeing the $1,900,000 4 per cent Shore Line bonds.
This aflords a through line to Toledo and a connection via the Toledo
St. Louis & Western to St. Louis. V. 75, p. 1354; V. 76, p. 653.
Stock, Etc.— The authorized capital on June 30, 1902, was £41,656,364 stock (£40,813,834 issued and £842,530 unissued), advances
from the Canadian Government in aid of construction amount to
£3,111.500.
Perpetual consolidated 4 per cent debentarn stock;
authorized by Act of 1882 and later Acts, has been Issued from
time to time to acquire securities of companies consolidated and controlled, amounting June 30, 1902, to £7,690,018. and bearing an annual interest of $399,397. V. 71, p. 84. The je522,200 Northern Ry.
5 per cent bonds due July 1, 1902, were retired at maturity; additional consolidated debenture stock was issued therefor. In Feb., 1903,
application was made for authority to increase the 4 p. c. gaaranteed
stock from £5,200,000 to £10,000,000. V. 76, p. 382.
Dividends since 1893: Guar., 4% stock— 1894-97, nil; Oct., '98. 2%;
1899. to Apr., 1903, 4% yearly. On 1st pref.: In 1899. 4%; in 1900
6Mb; 1901,6%; 1902, Apr., 21^%; Oct., 2 Mb; 1903, April, 2 »*%.
On 2d pref., Apr., 1900, 3^4 p. c. the 1st div. since AprU, 1888; 1901,
May, 3 p 0.; 1902. AprU, 4 p. c; Oct., 212 p. c 1903, Apr., 2^ p. c;
on 3d pref., 1 p. o. for 1902, the first since May, 1884. V. 76, p. 382.
Eabnikos- 2 mos., >1903
Gross, $4,075,694; net, $980,599
Jan. 1 to Feb. 28.
51902
...Gross, 3,421,636; net, 988,386
For year ending Deo. 31, 1902, net, £1,811,658; net charges, £1,238.127; dividend (4 p. c.) on guar, stock, £208.791; dividend on
Ist pref. (5 p.
), £170,841; dividend on 2d pref.
(5 p. 0.), £170,841;
dividend on 3d pref. (1 p. c), £71,646; adding £8,208 balance on hand
Deo. 31, 1901, leaves bal.,8ur. £4,040.
;
Report.—Statement for 1901 was
Tears ending Dec. 31
©ross earnings
Transportation expenses
Net earnings
Total net Income
Rentals
In V. 74, p. 880.
1901.
1900.
1899.
£4,575,433
£4,407,016
3,088.077
2,892,994
£1,.')55,833
£1,487,356
£1.514,022
£1,736,651
£1,694,213
£1,724.367
155,218
146,348
146,349
Interest on b'ds and deb. stk. 1,072,498
1,054,512
1,043,542
Advances to controlled roads
22,501
35,727
73.163
Dividend on guar, stock ...(4%) 208,791
(4%)208,790 (4%) 208,792
Do on Ist pref. stock.. .(5%) 170,840 (5%)170,841 (5%) 170.842
Do on 2d pref. stock.. .(4 %) 101,136
(3%>75.852 (3 ^4%) 82,173
Balance
sr. £5,667
8ur.£2 143
det.£494
President. Sir C. Rivers Wilson, London; Second Vice-President and
General Manager, Chas. M. Hays.— (V. 76, p. 265, 38:^, 435, 635, 810.)
Grand Trunk AVestern Ry.— Owns from Port Huron, Mich., to
Chic. & West. Ind. RR., 330 miles, and trackage Chicago & West. Indiana, 5 mUes; total. 335 miles. Stock, $6,000,000, all owned by Grand
Trunk. A reorganization per plan (V. 69, p. 954; V. 71, p. 28) of the
Chicago & Grand Trunk Ry., foreclosed Oct. 31. 1900.
BOND8.—The Grand Trunk unconditionally guarantees the interest
on the new 48. Of the 48. $563,000 are reserved for Northw. Grand
Trunk es. The new incomes are subject to call at 85 and any Interest
then due. within the first 10 years. Int. on incomes, 1% paid in 1901 2.
Jointly with Toledo St. Louis & Western guarantees Detroit & Toledo
Shore Line bonds. V. 7t), p. 653.
Year ending Deo. 31, 1901, gross, $4,279,253; net, «588,276; other
Income, $30,278; charges, $567,012. (V. 72, p. 1034; V. 76, p. 635.)
Great Norttaern Ry.— (See Maps.)— In Feb., 1890, leased the
St. Paul Minneapolis & Manitoba for 999 years, assuming its funded
debt and guaranteeing 6 p.c. per annum in gold on its $20,000,000 stock.
In 1902 only $453,600 of Manitoba stock had not been exchanged for
Gt. No. stock.— (V. 68, p. 129; V. 67, p. 1356; V. 67, p. 370, 788, 842.)
The Northern Securities Co. (which see below) formed in November,
1901, owns about 75 per cent of the stock, having given in exchange $180 Securities Co. s-tock per $100 share; It also acquired,
nearly all of the stock of the Northern Pacific. V..73, v
p. . 1011, 1062
1161. 1357; V. 76,
p. lOl,';;
£4,857,599
3,301,7 65
-
In 1901 stockholders subscribed at par to $25,000,000 new stock,
raising total issue to $125,000,000 ($20 per share to be credited on
account for advances to St. Paul Minn. & Manitoba Ry.), the proceeds
to acquire 500 miles of additional road and control of Great Northern
Steamship Co. -V. 72. p. 580; V. 73, p. 184, 903. See below. As to
earlier stock issues, see Sdpplement of July, 1902.
Road.— The system embraces
—
lAnes leased and operated
Garretson, S. D., to Sioux
City,Ia.,andO'Nem,Neb. 228
8t. Paul Minn. <fe Man. Ry.,
St. Paul to LoweU, Wash... 1,790 Duluth Watertown & Pacific—
Branches in Minnesota, the
Watertown to Huron, Dak
70
Dakotas and Montana
Minneapolis Un. Ry.. etc.
2,009
9
Easteim Ry. of Minnesota—
Montana Central
Fosston to Cass Lake
60
Great Falls to Butte, etc... 261
Hinckley to Duluth
72 Spokane Falls & Northern.
203
Hinckley to Fridley..
65 Montana & Great Northern
New Dul. to Cass Lake
140
Ry. (V. 72, p. 1187)Missis., Minn., to Hibbing
Jennings, Mont., to Intern.
49
Brook Pk. to Coon Creek
Boundary
51
June, etc
84
Gt Falls, Mont., to Intern.
Park Rap & Leech Lake Ry.—
Boundary (under reconPark Rapids to Cass Lake.
49
struction)
134
Dakota <fe Great Northern Ry.—
Crows' Nest Southern Ry.
Lakotatoi,dmore,N.D.,eto.
40
Intern. Boundary to MorDuluth Terminal Ry
rissey, E. C
49
2
Owned, unbonded—
Washington & Gt. North. Ry.
.
.
.
Seattle & Montana RR.—
Seattle to Westminster
Anacortes to Rockport,
Wash., etc
(V. 73, p.
143
60
Vancouver <fe Eastern Ky. & Navigation—
Victoria,
62
Total operated directiy... 4,565
Stock owned oper. separately
—
904)-
Marous, Waoh.,to Republic
—
Rideaa, B. C, to Carson,
Jt>.
\J»f 6l>0.
...
..•.....r>..-
16
WUlmar & Sioux Falls—
Total road Oct. ,1902
5,849
WtUmar to Yankton S. D.. 205 2d and 3d track and sidings. 1,197
Montana & Great Northern Ry., see V. 72, p J^187. As to Wash. &
6t. Northern. Seattle
By.
& Nav.
& Northern
Ry., Victoria
Vancouver
&
Eastern
Co., etc., see V. 73, p. 184, 904.
Lands.- Sales for year 1901-02 were 124,180 acres for $1,129,277 and 819 town lots for $15,003. The net amount due on land contracts June 30, 1902, was $3,277,487; lands unsold, 816,039 acres,
to be reduced about 600.000 acres by a final adjustment with U. S.
Minneapolis <fe St. Cloud grant was 476,864 acres; unsold July 1,
1902, 23,054 acres; sales in 1901-02 were 281,228 acres, for $495,686.
Dividends, ) '92to'96 (inclus.), '97 '98 '99 '00 1901 '02
1903 J
Gt. No. pf.% $
513 6I4 7
5 p. 0. yearly.
713 7 Inol.May.SJfl
7
Also in 1898 50 p. 0. in Seattie & Mont, stock, which was then exchanged for 40 p. 0. in Gt. Nor. pf. V. 66, p. 1044, 1188; V. 74, p. 8-29.
Bonds.-St. P. Min. &Man. consol. mort. of 1883 is for $50,000,000. of
which bonds are reserved to pay prior liens. It is a first lien on
the land grant and on 670 mUes of railway in Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the Dakotas, the prior liens on which average only $7,300 per mile. V. 64,
p. 518. Montana .Bxtermon mortgage Is for $25,000,000 for extensions
and for second track. Abstract V. 45, p. 342.
Pacific extension mort. £6,000,000 provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of Montana; £3,000,000
of this issue, in addition to those given in the table above, were released
upon payment of collateral trust bonds Sept. 1, 1898. V. 66, p. 1044,
See ab.stract of mortgage, V. 52, p. 82.
In 1901 the Great Northern and Northern Pacific acquired $107,577,200 of the Chicago Burlington & Quincy RR. $111,200,000 stock
la exchange for their joint 20-year 4 per cent gold bonds, secured
by the deposit of the stock in trust, on basis of $200 in bonds for
each $100 stock. See circular, V. 72, p. 871, 1034, 1135, and applica1188.
tion to
list.
V. 73, p. 294, 903.
—
Eastern Railway of Minnesota. First mort. covers road, equipment,
terminals and elevators. The Northern Dlv. $15,000,000 mortgage
of 1898 provides for extension building from Fosston, Minn.,
to the head of lake navigation at Duluth, and also for future requirements, including the retirement of the $4,700,000 Ist 58 at maturity.
They are redeemable at 105 on three months' notice after Apr. 1, 1928.
V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
Chron. Dec. 12, 1891.) The Manitoba guarantees the^e issues, and
Great Northern assumes guaranty. See form of latter, V. 74, p. 680.
The Willmar <t Sioux Falls bonds are endorsed with joint ana several
guaranty of the Manitoba and Great Northern companies. Further
Issues may be made at $17,500 p. m. for additional road. V. 56, p. 247.
Mintieapolis Western first mortgage is for $1,000,000. V. 60, p. 835.
General Finances.- In 1901-02 (10 months) received $800,000
in 1899-00,
in 1900-01, $1,920,000 (12 per cent)
(5 per cent)
$1,600,000 (10 p. c.) in dividends on Eastern Ry. of Minn stock; In
1900-01 on Montana Central stock, $500,000 (10 p. c). Total funded
debt per mile of main track (4,734 miles) in the hands of the public,
$20,695. V. 73,p 910. Train load 1901-02. 417 tons.
In Jan., 1903, the Northern Steamship Co.'s fleet of freight boats
and Oreat Northern elf'vator at Buff(ilo.lN..Y'., were sold ifor about
—
;
$3,000,000.
V. 76, p. 33x,
;
60
^.
o
o
—
0= Q.
C/3
Ul
ui
I =F —
5^
Hcc S -1
o
<
UJ
z
BJIVESTORS' SUPPLEMENT.
teT
^ ^v
[Vol.
LXXVI.
April,
1903.J
KAILBOAD STOCKS AND BONDS.
61
DC
^^
u
(0
UJ
1(0
>-
S
(0
o CM
H 0)
O ^
lii
(fi
2
cc
Ui
H
0)
LU
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u
69
ESrVESTOES' SUPPLEMENT.
RAELROADS.
Date
Miles
For explanation of oolumn headings, &c., see notes of
on
first
page of
—
wmmar&81'xF'll8l8tM.,g.,gu.p.&l.(end)Ce.c*<fer
Minneapolis Western Istraort., gold, guar
o*
Dnlnth Superior & West, car trusts, assumed
Great Nor. Ry. of Canada— 1st M., g., B.f., text.Ce.o"
Quebec Term'l M., $300,000 auth. (V. 71, p. 698)
Equipment bonds, due semi-annually
Breeti Bay <& Western RR.—Stod. Bee text
Debentures, Class A, Incomes, text, non-oum..o*
Class B, Incomes, after stock, non-oum
o*
Greene RR. (N. F.;— Stock
Guay.d Q. Ist M. $12,282,000, g.,gu., text,
1887 l,000&o
1888
1.000
177
1900
1900
1896
1896
rsm
—
&
Hancock & OaHimet—See Mineral Range RR.
Hannibal rf 81. Joseph— See Chicago Burlington
NortheasUm— Ist
&
M., gold, Ce
Harrisb. Portsm'th Ml. Joy ia>ic.--8took,7p. c.gn
Ist mort. (ext'd in 1883), guar.p.&l.Pa. RR.GP.r
Hartford <£ Oo?ineclicut TTestertj^Stock
Harriman
dk
<£
Ist mortgage
Henderson B'dge Co.— 1st M.,
Hibemia Mi7ie RR. —Stock
Hocking Valley
g.,
Columbus
d'wn at lOS.Ce.o*
/??/.—Stock, com., $11,000,000..
Stock, pref., $15,000,000 4 p.
c.
non-oum
& Hooking Valley Ist more, ^old...o*
& Toledo
M. (Columbus to WalbridgO.o"
Va. Ist M. (Logan to Pomeroy)o*..
Ist consol. mort, $20,000,000, gold.Ce
* $16,000 old 5a of 1896 remain outstandine.
l8t
& West.
1899
1893
1893
1900
1902
Quinc
22 1895 100 &0.
300.000
6g.
53
50
1,182,550 712 In '02
53 1853 500 &o,
700.000
4
109
100
2,712,800
2
109 1883
1,000
700,000
5
1881
1,000
1,621,000
4^4
100
200.000
100 11,000,000 3 In 1902
100 15,000.000 4 in 1902
76 1867 500 &c
1,401,000
4g.
118 1875
1,000
2,500,000
7
85 1880
1.000
1,584,000
7
4l3g.
346 1899 1,000&0 11,397,000
%'
Earnings.— Great North'n system (Incl. St. P. M. & M., East, of Minn,
and Montana Central) July 1 to Mar. 31, 1903, 9 months, $31,829,414
against $28,040,609 in 1901-2.
ANNUAL Repoet.— Report
p. 902, 914.
for 1901-02
See also editorial, p. 882.
was given
at length In V. 75,
OPERATIONS GREAT NORTHERN SYSTEM PROPER.
Year end. June 30.
1902.
1901.
1900.
Av. miles operated
5,249
5,202
5,076
Gross earnings
$36,032,256 $28,350,690 $28,910,789
Net earnings
$17,003,398 $11,537,628 $13,042,414
59-30
54-89
P. 0. of exp. and taxes
52-81
(2) GREAT NORTHERN INCOME ACCOUNT.
Year ending June 30.
1901.
1902.
1900.
Net earns. St. P. M. & Man... $13,268,998
$8,026,871
$9,530,776
Interest on bonds owned
380,635
395,548
350,422
Dividends on stocks owned... 1,419,960
3,126,504
2,958,855
Profit on Treas. secur. sold .
337,554
689,076
363, 1 77
(1)
Rentals of leased lines
176,484
2,059
474,141
172,752
2.014
212,845
166,765
3,740
436,456
Total receipts
$1 6,085 ,456
Paid rental St. P. M. & Man. $3,742,646
Great Northern dividends.... (7) 8,225,920
Renewal, etc. funds
2,000,000
$12,274,088
$3,687,656
$14,136,090
$3,709,548
(7)6,897,369
(7)6,408,778
1,800,000
Bills receivable
General
int.
& other income..
,
Balance
8r.$2,116,990 8r.$l,689,063 8r.$2,217,764
OPERATIONS OF WHOLE SYSTEM.
(3)
Outstanding
Year end. June30,'(i2. Oross.
0th. inc.
Tot.net inc.
Net.
Great Northern Ry... $28,397,135 $13,268,998 $1,460,458 $14,729,456
Eastern Ry. of Minn. 4.5?38.929
457,445
2,454,088
2,911,533
Montana Central Ry. 1,787,052
634,047
62.268
696,316
Will. & Sioux Falls Ry
600,383
28,280
621,662
1,520,293
Dul. Water. &Pac.Ry
172
45,888
46,054
88,847
Tot. Ry. sys. proper$36,032,255 $17,003,398 $2,001,623 $19,005,021
Spok. Falls & Nor.Sys. $1,165,197
$552,455
$9,337
$561,791
Minneapolis Union....
225,998
171,839
181,546
9,707
Minneapolis Western.
149
65,089
28,419
28,569
Duluth Terminal
36,233
13,500
13,500
10',934
Northern Steamship. 1,333,740
214,584
225,519
LXXVI.
i{o»w<s— Prlno*»
INTEREST FOR DIVIDENDS.
pal.When Due.
Rate Per When Where Payable, and by iS^ocfcs— Last
Dividend.
Cent.
Payable
Whom.
10,000,000 5&6 e.- J. & J.
3,646,000
5 g. J. & D,
1,000
500,000
5 g- J. & J.
117.495
1,000
4,002,000
J. & J
1,000
118,000
J. & J,
1,000
274,000
6
J. & J.
100
2,500,000 4 Feb.'03 Feb.
1,000
600,000 4 Feb.'OS Feb.
1,000
7,000,000
100
200,000
6
J. & D.
1,000
5,250,000
?^- J. & J,
500
749,500
6 g. F. & A,
500
750,000
&6 g. F. & A
1,000
434,000
^• J, & J
t
1,000&0 *3,705,000
5 g. J. & J
260
205
fl«i/.BeaM»iow<<e^.<7.— l8tM.,$10,000p.m.,g.AB.o
75
2dmort, $10,000 per mlle($176,000 are 68)AB.c
75
Gulf B. & Gt. No.,gold.p. <fe i. gu.,end.AB-text.c Text.
term'l M., g.N..o*<fer
251
Gulf<6 Ship Island— iBt ref.
Col.
Par
of
Amount
or
Road. Bonds Value.
tables.
Xorfhern (Concluded) —
Mont. Cen. let M.,g. ($6,000,000 are 68)gu.Ce.cAr
(treat
Ohio
Size,
[Vol.
J.
J.
J.
&
J.
& J
& J
P &A.31
J. & J.
M. & S.
A. & O.
J. & J.
J. & J.
A. & O
F. & A.
M. & N.
J. & J.
Y„ 32 Nassau
July 1, 1937
St.
June 1, 1938
do
do
N.y.&Lon., BaringBros July 1, 1911
To FeD.1,1906
N. y. Central Trust Co. Jan. 1. 1950
1951
Royal Tr. Co., Mont.
To 1906
N.Y., Central Trust Co.
Feb. 2, '03,4%
N. Y. of., 40 WalL
Feb. 2, '03,4%
do
do
do
do
D.L.&W.off.26 Exoh. PI. Dec, 1902, 3%
1932
^^ Y..U.S.M.&Tr.«feLon.
Aug. 1, 1913
N. Y.,59 Cedar St.
Aug. 1, 1913
do
do
July 1, 1930
do
do
N. Y., Fisk & Robinson Feb. 1, 1952
N.
Co Jan. 1, 1916
Phila. , Company's Oflloe Jan.l0,'03,3ifl
N. Y., Central Trust
July 1, 191d
Feb.2S,'03,l%
July 1, 1903
do
Sept. 1. 1931
N. Y., 120 Broadway.
Apr.10,'03,3%
See Central of N. J.
N.Y., J.P. Morgan & Co Jan.l9,03,li3
Jan.19,'03,2%
do
do
Oct. 1, 1948
do
do
Aug. 1, 1905
do
do
do
do
Hartford.
May
do
do
do
do
July
1910
1999
1,
1,
Green Bay & VTestern KB.—Road owned from Green Bay,
Wis.
Mar shland, Wis., 209 miles; branches, 13 m.; trackage to Winona,4 m
"history.—A reorganization June 5, 1896 (per plan In V. 61, p. 471),
of the Green Bay Winona & St. Paul, sold in foreclosure May 12. 1896.
to
Securities.-There are no fixed charges on the property other than
any be placed thereon, or the property be sold or leased
without consent of 75 per cent of stock. Class A debentures are entitled to 21^ per cent Interest, if earned, then common stock to 2'^ p.o.,
then the two share ratably but after 5 per cent has been paid on both,
class B bonds are entitled to all surplus earnings. See V. 61, p. 471.
Dividends—
(1898. 1899. 1900. 1901. 1902. 1903.
taxes, nor can
;
4
4
2ifl
213
3
Class "A" deb., p.
< 2»a
4
4
lia
2ifl
3
Stock, p.o
( ....
Report for year ending Deo. 31. 1902, In V. 76, p. 702, showed:
Totes, etc. Bal.,»ur.
Net.
Gross.
Freight. Passen'r.
1902 03.. $374,140 $128,214 $502,354 $165,980 $16,457 $149,523
39,654 132,355
172,010
1901-02.. 400,627
527,312
126,6S5
From balance in each ye»r was paid, on deb. "A," 4%, $i4,000; on
common stock, 4%, $100,000.
"BiRECToas.-S. S. Palmer, Pres.; Mark T. Cox, Sec. and Tre as., 40 Wall
St., N. Y.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt.— (V. 76, p. 702.)
Owns road from Chenango Forks to Greene, N. Y.,
Greene
8 miles. Leased to Delaware Lack. & W. for term of charter for 6 p. o.
on stock. Capital stock, $200,000; par, $100. The $200,000 7 p. C
bonds which matured Dec. 1, 1902, are held la the D.L.& W. treasury.
V. 76, p. 265.
Guatemala Northern
Guayaquil
dnlto Ry.— (33^-foot gauge.)— Projected from
Guayaquil to Quito, Ecuador, about 290 miles, with two branches.
Of this, 115 miles, from GuayaquU to Guamote, are in oneration.
Controlled by the Ecuador Company of London, which Is building
the road, $12,282,000 bonds, $5,250,000 preferred and $3,586,320 (51
p. c.) of the common stock being deposited as earned as security for
the £1,000,000 six per cent gold bonds ol: the Ecuadorian Ass'n (predecessor company) due 1932 (int. J.-J.), but redeemable at 110 after
1905. See V. 72, p. 1283; V. 75, p. 289, 1031; V. 76, p. 593.
Stock authorized, common, $7,032,000; preferred, 7 per cent, cum.,
$5,250,000. The bonds are guaranteed, principal and interest, by the
Government of Ecuador, secured by a first lien on all the Customs
duties of the latter, it receiving in consideration 49 p. c. of the oominon
stock. Interest in London is payable at Glyn, Mills, Currle <Sr Co.
President. Sir Jas. Siverwright, London Vice President, T. H. Powers
Farr, New York Secretary. Benonl Lockwood Jr.; Treasurer, Samuel
H. Lever, N. Y. Offlce, 33 WaU Street.— (V. 75, p. 1031; V. 76, p. 593.)
GulfBeanmoat Kansas City By.—See Supp. for Oct., 1902.
RR.—
RR.—
&
;
Tot. for thesystem.$38,858,513 $17,984,195 $2,031,750 $20,015,946
From this last result ($20,015,946) were paid the totallnterest jnarge
of all the companies, and the guaranteed dividends on St. Paul Minneapolis & Manitoba stock, not owned, a total of $5,106,346 ana dividends of $8,225,920 on the stock of the Great Northern Ry. Co.
Officers.—President, James J. Hill, St. Paul; Ist Vice-President,
James N. Hill, St. Paul; 2d Vice-Pres., R. I. Farrington; 3d Vice-President and Sec y, E. T. Nichols, New York; 4th Vloe-Pres., J. W. Blabon;
Treas'r and Asst. Sec'y, E. Sawyer, St. Paul; Asst. Seo'y and Asst. Treas.,
N. Terhnne,
New York
:
N. Y.
oflice,
32 Nassau
Directors.—
J. Hill, Frederick Weyerbauser,
QroTer. R. I. Farrington, H. W. Cannon. J. N. Hill.
.1
—(V. 75,
St.
v»s.
Hill, E.
Wm.
Sawyer. M. D.
B. L»ean.
.
789. 902, 914, 921, 1253; V. 76, p. J 01, 330.)
Great NortHern Consolidated Securities Co.—
Organization.— Incorporated In Ontario, Canada, in 1903. Holds
a majority of the stock of the Great Nortbern Railway of Canada
p.
(which see below); also of the Montfort & Gatlneau Colonization Ry.
Montfort Jet. to Arundel, 33 miles, a brani h of which is to be built
from St. Jerome to St. Sauveur, 13 ig miles, and of the Chateaugay <fc
Nortbern Ry., bulding from JoUette to Montreal, 36 miles,
Control will be held by the Canadian Northern and Great Northern
Ry. of Canada interests, ensuring the operation of the two systems
practically as one property. V. 76, p. 704. Stock authorized, $8,000,OOO, all of one clasp. (V. 76, p. 704.)
Great Nortlierii Ry. ot Canada.— CSeeJirap. ;— Owns main line
between Rlv-a-Plerre, on line of Quebec & Lake St. John Ry., to
Hawkesbury, on the Canada-Atlantic Ry., 168 mUes, with running
St. John to Quebec, 58 miles; also a branch to
rights ovt-r Q. & L
Shawlnlgan, 4^2 miles, and one to St. Jerome, 1^4 miles total operated
June 30, 1902, 232^4 miles. Has 5-year contract with Leyland line,
expiring 1905. In connection with which and Canada Atlantic Ry. it
forms a through line from Chicago and Duluth to Liverpool and London, England, 800 miles shorter than via Buflalo. Owns elevator at
Quebec, car and repair shops at Quebec, etc. V. 71, p. 1220.
Control.— In March, 1903, control was acquired by the Great
Northern Conwolldated Securities Co., In which Canadian Northern
parties are largely intercbted. See those companies. V. 76, p. 705.
Stock AND Bonds.— Stock authorized, common, $4,550,000; debenture stock, $3,000,000; preferred stock, $450,000. Of the $6,000,000
first mortgage 5s, series A, Issuable at $20,000 per mile of completed
,
;
and also $500,000, series B, Issued
Ottawa River at Hawkesbury.
Earnings.— Report for year ending June 30, 1902, first full year of
actual operation, was In V. 75, p. 1352, showing gross, $524,764; net,
road, $3,.'>40,000 are outftandlnK,
on account of bridge across the
$207,96a; total deductions, $157,417; balance, surplus $50,546.
President, Pierre Garneau, Quebec; 1st Vioe-Piest. James MoNauKht,
35 Nassau St., N. Y.— V. 76, p. 265, 542, 653, 705.
;
&
Gulf & Inter-State Ry.— 3ee Supp. f Jr Oct., 1902 V. 76, p. 48.
Gulf & Ship Island BB.— (See iIfap.)-Owns from Guliport on
Mississippi Sound, Gulf of Mexioo,to Jackson, Miss., 1605 mUes;
;
branches, Maxie to Columbia, 48-75 miles, and Saratoga to
The road was extended
Laurel, 41-75 miles; total, 251 miles.
as above in 1899 and 1900, the entire line being operated froin Sept.,
1900. V. 69. p. 1011. Laid with 60 and 65 pound steel rails, for former
of which 75-lb. rails are to be substituted. Important harbor Improvements are being constructed at Gulf port, including an extensive
system of docks, piers, etc.: also a channel 6 miles long extending to
deep water. In April, 1903. a branch from Mendenhall to Columbia,
60 miles, was under construction. Charter is perpetual.
STOCK.- Capital stock, $5,000,000 (par of shares, $100) all outstanding and deposited with N. Y. Sec. & Trust Co. under a voting trust; J.
T. Jones, Harvey E. Fisk and Charles K. Beekman, voting trustees.
Dividend.— Flrstdivldend (quarterly), 1 p. c, paid Apr. 15, 1903.
BONDS.- Of the new 1st 5s ($5,000,000 authorized), $2,750,000 were
used to refund the old bonds (only $16,000 of the latter being now outstanding), the remainder being issuable as follows: $750,000 to complete the terminals at Gulfport, $500,000 for new equipment and $1,000,000 for 75-lb. rails and other improvements to roadbed andstructures. A sinking fund of one per cent yearly accruing from Jan. Z,
1905, may purciiase bonds at not exceeding 110, but the latter^oiot
be drawn. See V. 74, p. 426, and application to list, V. 74, p. 1257.
Earnings.— For 8 months ending Feb. 28.
»,
Charges.
Net.
G'ost.
8 mo8
-^^'-x'^Ji
$120,456
$410,294
1902-3. ...$1,119,200
*?5H??
143,944
126,329
270,273
1901-2 .... 898,787
Report.— Report for year ending June 30, 1902 (248 average mUes),
was given at l«ngth in V. 75, p. 1099, showing, gros^, $1'374,684 ; net
over taxes, $134,170; charges, $175,311; bal.. surplus, $258,859.
Pre8.,J.T.iones,Buiralo, N. Y.-(V.75,p. 1084, 1099; V. 76, p. 864.)
Halifax southwestern Br.— V. 76, p. 751.
Harriman Oc Northeastern By.— Harriman to Petros, Tenn.,
22 miles. In Jan.. 1903, extensive stock acqired in the interest of the
Cincinnati. New Orleans & Tex. Pac. Ry.. but will be operated separYear to Mar. 31, 1902, gross,
ately. V. 76, p. 157. Stock, $600,000.
$81,805; net, $39,981; charges, $18,000.-(V. 76, p. 212.)
,
&
Hartford
&.
Connecticut Western By.—Owns from Hartford
Conn.,toRhlnecllff,N.Y., 109 miles, and from Tarlffville. Conn., to
Mittlneague, Mass., 14 miles. Leased till August, 1940, to Uie Central
New England Ky., the rental paylng'charges and 2 per cent pei annum
on the stock. Of the stock $1,390,100 Is owned by lessee.
.
at
jec
S! !s
April.
K
=:
1903.]
RAILKOAD STOCKS AND BONDS.
63
64
INVESTOES' SUPPLEMENT.
[Vol.
LXXVI.
RAILROAD STOCKS AND BONDS.
April, 1903. J
65
Adrian^
ankers
MAP OF THE
v^lexis/
hHOCKING VALLEY
Aalbrrdge
w'"-"
RAILWAY
'fiftad:;
oK
,^
Huioan
Graml''lvapidsy
'
3radner
BALT.
Berea
o.n;
fGrafcoa
vue
"Vi>''
Jprwalk
"^reen Spring ^
JJeshlei^
f'%,,^^
^•i
"/a,
'°evi,ie
Walker,,,
«//
W^ellington
!
Republic
P«/o.
<^0f,
^Chicago Jc
^atty
gtuav>''=^
Findlay
a
y,
^St. Stephen
vBurwick
o
jMcCutchenvilJefS.
y^
TGreenwlcli
^vO^
Columbus/
Grovcj
|Van Wert
"/
_
Shelby Jc.
Orr^MJle/
^>^Ashland
iyisrnon
>./
-.tetvyi^e
•^
(shanes
r
'Crldersvllle
Mercer
<}
Cellna\
J ^fii
.2:
•^.^HaVpster,
-cf-pr^^
^'^
/.
^i
—
/
-^
ansfiel
''•^
^,<.$VlorralA^
X-^V^
Mlllersburg)(
Wapakoneta
St.Marys\
^'^"U°>
J'*r\-<^'
iWoosterj
BUCJTUS\
./
Forest
iDunkirk
'^''{/o^
'
Yelverton
L
Lmciston,
'Ankenytown
&STO/VE}
^Kidgeway
Jieservoirf^
GannV
Botkins
^Anna
(
I
MlnsterT;
^/Harper "^,^i^„,.„^^
»
Belief Jintalnel
^ulncy
y
SteHing
Si~.
/Blufftoii
^elphos
.o^'
7
^^*°n ci£^
k'^
CrestoSs
Polk,
Scott
^s «
o^^"-'
Medina
New London
#,J/Sidney
Radnor
M^W-
jPottersburg
Si-
yitt's
larysville
2vii)f;)td
o\
k
J^^'
Ccn.
a
>Hunt
LAW
E:laware^c
A R E/VCentreburg
Cosnocton^
>Utlca
X Johnstown
Dresden Jc.
\Covingrpn
f\Greenville
Urbana
T.t O.C.JcJ
Mechanicsburg
ilewarl<
/Tecvimseh
\.rcanuiiJi
lEudlow,
^
.
Falls
]
COLQM
£>,
I
"'b.
/ManchesXer
'^J
Walsers
Springfield
_COL
Dai'Iingtonl
S
.
iDodsoi^V
{S. Charleston
.^StjUwater
ochbouil
fed fie Id
K>.^^
JcS^r^^^ayton
V'vAL.
EaiorTi
Suckeye^
&
Londott
\Caj)n<'lvilIe
c
>^
<&A>—
,<=
-tf
I
„\
/Lebajiol
//
IJIalti
A
KjeffersgnvlUe
Carlisl(
ICIRCLEVILLE
ClN^
Murray city
LOGAI
J0i-8isti)n
F*I?iKilitel
JELSpNUILLC
vBeauuiont
"^^
ILLE
7i.\f
X
ECHILLICOTHE
^%,V1^^
mmi
Crcola
IRON
McArlhur
MC ARTHUR
Byers
tilled
'j
1^
Albany
C JK'/,%/ 0/?£
J(
Haniden Je.|^;7^«R.adcIlf
l|
endak'
Sand
\Vaverly
.
,I!iin5
Junction?
^ ^
Mill
0'
—trnionl\\0
"'"
Jackson.^
*^>^
ri/JSargents
tnU
-<
511
G''-','
iVinton
SAVetmore
pill
Bidweu
S|j.Johnson8
EvcrgreVn^
^Davi3_^^^T« ^
"-z-^
yddisc!!!
iPT.
Gi^lliaJ
PLEASANT'
Mills^
,
cA
"laydenvit
Kv
>.(«
o.
kFumace
ll^lfield
fcl
flCulbertsd
j
Landing
/*•
Summlt'J
.y
\^
GreenupS
31
RONTON
ASHLAND)
JGlen'El
15 Midway
iV jjgj
"Y//
I
>ETERS^URG
Jjj
O
/o
^tjj^^
*f«;^j{lor8<
:i:
SStarrj
ew Plymi
e-
^.&
WlJlard^
Vxl
o
I
Buffalo
j
Benton
O.Jc.
Louiha
I*
'^^
«"Ar,
Richardson
%
^
f.f
:i /
mVESTOKS' SUPPLEMENT.
66
RAILKOADS.
For explanation of oolanm headings, &c., see note
on first page of tables.
r (Oon.)K.&H.C.&C.lstM.g.,gu.red.llOarile
Oon.Coall8t M.,$3,500,000,g gu.sf.'06,red.ll0af.'ias
Car trust bonds and 8crii>, s. f., red. at par, g... A
Equip, notes, payable monthly
Car trusts, gold, $80,000 semi-annually. S
Hoosac Tunnel tt Wilmington Stock.
Ist mortgage, $250,000, gold.
Hmist. E. <6 W. Texas— { gu. p. & 1. by So. P.Un.-O'
Ist mortgage, gold.. < not guaranteed
Boust.<e Tex. O.iJi?.— State of Tex. pr. lien Ist 75 m.
Ist M.l.gr.g.red.llO,lnt.gu. $2,2,50,000 pd.Cec*&r
Con. M., 1. g., g., red. at 110, int. guar. F.o*<fer...
Gen. M.,gold,lnt.giiar.,end.,$8,000 pald.Mpc'&r
Waco & N.W.Div., Ist M.,g.,$2.5,000 p.ra.Ce.o*&r
Austin & Northwest., 1st mort. g.,gu.p &l.A.c*<fcr
Ft. Worth & New Orl., Ist M. (Wax. to Ft W.)...
O.Tex.A N.W., 1st M., gu 8. Pac. (Gar. to Wax.)F
Soek.
—
Huntingdon
<e
OB
Broad Top— Common stock
Preferred stock, 7 per cent, non-cumulative..
1st M., extended in 1890 (int. only in gold) .GP
2dM., old 7s, extended In 1895, p. &!., g.)...GP
3rt mortgage, consol., ext. in gold In 1895. GP.o
Consol. car trust, $68,000 due Oct. 1 yearly
14th ser. car trust, $29,000 yearly Deo. l.PeP.
Iberia i£ Vermilion— Ist mortgage
niinoii Central— Stoci, $95.040,000
Leased line 4 per cent stock, guar, (see remarks.)
Sterling bds. old 68 ext. In 1895
Ist mort. of f Sterling bonds, due 1905
for
1874
4s of 1886, due 1951, gold....c*
$15,000,000 SifiS of 1886, due 1951, g. .o*&r
secures all 38 of 1895. due 1951, gold.o*&r
equally. Us
S^us of 1903, due 1351. gold ..
Miles
Date
Size, or
of
of
Par
$1,000
1,000
1,000
1900-1 Various
*
.
1902
1.000
100
25 1892
1,000
192 1893
1,000
192 1893
1,000
75 1870
58
103
41
12
64
64
64
64
64
1
1,00
1,000
1,000
1.000
1,000
1,000
1,000
50
50
500
500
. •
1854
1857
1865
1896
1899
1893
16
1,000
1.000
1,000
100
100
1875
1875
1886
1886
1895
1903
706
il200
iK200
1,000
1,000
£200
bridge across Ohio R. at Hender
Stock is $1,000,000 (par, $100), of
which the LouisvlUe &: Nashville Co. holds about $830,000, a part also
belns; in Bridge Co. treasury (V.73, p.96()). The Bridge Co. Is guaranteed
gross receipts' of $200,000 per year by the several roads usinK ii and
dividends of 2^^ p. o. were paid each F. & A. to Feb., 1901. No
dividends sinceJ to Apr., 1903. V. 73. p. 391. See ofHcial circular.
V. 73. p. 444. Protective measures V. 73, p. 723. $403,000 bonds
For year 1901 2. gross, $220,926; net,
In sinking fund in Oct., 1900.
$195,185; other deductions, $171,035: divs., $25,000. -(V. 75, p. 342.)
and 10 miles of road.
KR.— Owns from
Rookaway, N.
J.,
to
£500,000
$8 000,000
1,000
Henderson Bridge Co.—Owns
Hlbernla Mine
$2,750,000
2,750,000
340,000
1,264,006
1,440,000
250,000
250,000
2.199,000
501,000
See text.
5,810,000
2,826,000
4,287,000
1,105,000
1,920,000
709.000
180,000
1,371,750
2,000,000
416,000
367,500
1.497,000
See text.
263,000
322,000
95,040,000
10,000,000
2,500,000
1.000,000
1,500,000
2.499,000
1
1891
1895
1881
.
son. Ky.,
INTEREST OR DIVIDENDS.
pal,When Dne.
Rate per When Where Payable, and by Stocks— L,a,Bt
Outstanding Cent. Payable
Whom.
Dividend.
1901
1902
1894
1890
1890
1890
1900
Hlbemi*
Mines. N.J. .414 m. Leased to Cent, of N.J.in 1890 for $12,000 per an
Hocking Valley Railway— (^*Ve ilfnp.;— This company owns
main line from Pomeroy, O.. to Walbridge, O.. 250 miles, with trackage (Penn. RR. System) Walbridge to Toledo, 6 miles branches to
Athens, NelsonvUle, etc., 73 miles; leases Wellston <te Jackson Belt
By., McArthur Junction to Jackson, 18 miles; total. :s47 m.; 2d track,
25 m. In Oct., 1902, acquired all the securities of ZaneavlUe & West
em Ry.. Columbus to Shawnee and Zanesville, O., witli branches, a
total of 126 miles, ot which about 40 miles Is held under lease or
trackage rights. V. 75, p. 906.
History, &c.— Successor on Feb. 25, 1899, per plan in V. 68, p. 231,
to the Columbus Hock. Valley & Toledo Ry., sold under foreclosuro
Feb. 24, 1899. V. 68, p. 231, 379. The coal lands, from which the bulk
of the company's business is derived, aggregate about 20,975 acres, and
are covered by the new consol. mortgage. In Dec, 1899, acquired
control of the Toledo «fe Ohio Central Ry.. by purchase of entire issue of
$8,421,000 Middle States Construction Co. collateral 3s, which are
secured by deposit of the entire stock of the Tol. & Ohio Cent. Ry.,
except $54,100 common and $11,600 preferred (SeeV. 69. p. 1345),
but that road Is operated separately. See Stock below.
In Jan., 1902, sale to the Van'^erbilt and Pennsylvania RR. 'Interests^
it was generally supposed, was pending. See "Sale of Stock" below.
Stock.— The preferred stock is subject to call at par. As to pro
posed retirement of preferred and sale of the common stock, see below.
In Oct.. 1902, $578,400 common stock and $l,00r,000 preferred
wereissueo to acquire the Zanesville& Western (successor to a portion
See above.
of the Col. Sand. <fc H.)
Sale of Stock, Etc.- In Dec 1902, holders of the common stock
were requested by J. P. Morgan & Co. to deposit their stock under a
syndicate agreement looking to the retirement of the preferred stock,
and with power to sell the common stock or vote the same in such
manner and on such terms as may from time to time be deemed best
by the bankers, with the approTal of Thomas F. Ryan, Ralph W.
Hickox and Robert M. QaUaway, as a subscribers' committee. The
depositing stockholders, upon defraying their share of the expenses
Incurred, will on or before Dec. 31, 1903.be entitled to receive back
their shares or the ratable proportion of the proceeds. The agreementwill be effective when $5,510,000 of the $ll,Oi>o,()00 outstanding common stock has assented. V. 75, p. 1301.
DrvTDENDS.— On pref., 1900, Si^p.c.; 1901 to Jan.. 1903, incl 4p. c.
per annum. On com. July, 1901, to Jan., 1903, incl. 3 p. 0. per annum,
Bonds.— The consols (,$20,000,000 authorized) besides a lien on the
entire property, subject oiUy to $6,274,000 prior bonds, have a first
lien on all the coal lands $6,274,000 consols are reserved to retire
the existing bonds (these existing bonds, however, may be extended at maturity) and $5,645,000 (estimated) for the acquisition of
new property and betterments, of which $3 230,000 sold in 1899-1902.
V. 72, p. 338; V. 74, p. 1038. SubstantiaUy all ot the bonds and stock
of the Ohio Land & Ry. Co. and the Wellston & Jackson Belt Ry., 18
miles, are deposited under said mortgage. Description of bonds in V.
68, p. 823. Guarantees Kanawha & Hooking Coal & Coke Co. bonds.
(SeeV. 74, p. 271.); also Continental Coal Co. bonds. (V. 7.^,p. 497,
987.) The $1,600,000 car trusts of 1902 cover 8,020 forty-ton gondolacars. V.74, p. 1196; V. 75, p. 741.
Latest Earningb.— For 8 months ending Feb. 28:
Gross
Net.
Oth. inc.
Charges.
Balance.
8 mog.—
1902-3
$3,789,921
$1,305,363 $437,052 $676,589 $1,065,826
1,311,152
1901-2
3,423,615
336,846
645,704
1,002, ',i94
ANNUAL Report.—Trattio is mostly freight, and over 60 p. c. of this is
bituminous coal. Average train load is large— in 1902, 678 tons.
Report for year ending June 30, 1902, was given at length in V.
75, p. 727, 740; see also editorial, p. 707.
1901-02.
1900-01.
1899-00.
$5,316,523
Qrosseamings
$4,653,258
$4,417,267
2,785,286
i;,641,207
Operating expenses and taxes 3,229,331
;
Total available income
Fired charges
Dividends on pi eferred
Dividends on common
504,549
$2,591,741
$989,^68
..(4)560,000
(3)312.648
$1,867,972
474,084
$1,776,060
295,388
$2,342,056
$987,879
(4)560,000
$2,071,448
.$902,900
(3 Is) 430,000
(112)156,324
Balance, year's surplus.... $729,725
$637,853
$738,548
Officers.— President, N. Monsarrat, Columbus; Sec. and Treas., W.
N. Cott, Columbus; Ass't Sec. and Treas., A. H. Glllard, New York.
DIRECTOUS— riiiirlHs n. Alpxanrter. Robert Bucon, K. M.Gallaway, Thomas F
Ryan and .Charles Steele. New Vork; Myron T. Herrlck, Ualph W. Htckox
8-
F.
&
&
New York.
July 1, 1951
do
Feb. 1, 1952
N. Y., Atlantic Trust Co. Apr. 1, 1904
Various.
To July, 1908
Nov.'03-My'12
Holyoke, Mass.
Jan. 1,'03, 2%
Bo8t..01d Colony Tr.Co. Sept. 1, 1922
N. Y., 120 Broadway. May 1, 1938
do
do
May 1, 1933
Houston, Texas.
Annually.
N. Y., Central Trust Co. July 1, 1937
do
do
Oct. 1, 1912
do
do
Apr. 1, 1921
N. Y., Cent. Trust Co. May 1, 1930
do
do
July 1, 1941
Deo. 31, 1925
N. Y., 120 Broadway. Oct. 1, 1911
Phil. Of ,4th&Walnut8t, Jan.28,'03,2ifl
Jan.28,'03,3ia
do
do
do
do
Sept. 30, 1920
do
do
Feb. 1, 1925
do
do
Mch. 31. 1926
Phila. ,Merchant8'Tru8t Oot.1,'03-1906
Penn. Co. for Ins., &o, To Deo. 1. '11
N.Y.,So.Pac.Co. 120 B'y Aug 1943
N. Y., 214 B'way &Lon. Mar. 2, '03, 3%
do
do
Jan., 1903, 2%
London.
Apr. 1, 1951
London,Morton,C.& Co. Deo. 1, 1906
New York, 214 B'dway. Jan. 1, 1951
do
Jan. 1, 1951
do
London.
Mar. 1, 1951
New York & London. Apr. 1. 1951
J.
do
A.
Q.-J.
t'- Various
4l2g M. & N.
2 In 1902 Deo. 31.
gg-
5
6
5 g.
_
M.
M.
M.
&
&
&
N.
N.
J.
&
J.
S
6g. A. & O.
4g. A. & O.
6g. M. & N.
& J.
& J.
6
A. & O
text
See
6 In 1902 J. & J.
A. & O.
F. & A.
5 g. A. & O.
A.
5
O.
4
J. & D.
5
F. & A.
6 in 1902 M. & 8.
4
J. & J.
A. & O,
t«5 g. J. & D.
4 g- J. & J.
3iflg. J. & J.
3 g. M. & S.
3^
A. & O.
I'-
J.
J.
.
«fe
,
tr.
Hooaac Tunnel
&.
v»linilngton
Owns road from Hoosao Tunnel,
RR.—Narrow
Gauob.—
Mass., to Wilmington, Vt. 25 mUes.
Bills payable June 30, 1902, $21,000. Earnings for year 1901-02,
gross, $64,024; net, $13,392; charges, $13,158; dividends (2 p. o.),
$5,000. Dlvs. in 1896, 1 p. c; In 1897 to 1902, Inclusive, 2 p. c. yearly.
,
Honaton Beaumont & Newt Orleans Ry.—V. 75, p. 1354.
Houston East & Went Texas Ry.—Owns from Houston, Texas,
to Sabine River at Logansport, 191 miles, where it connects with the
Houston A ShreveportRR., Logansport to Shreveport, 39 mUes. Reorganieed in 1896 without foreclosure. Bond issue limited to $3,000,000. Stock $1,920,000, of which $1,905,000 Is owned by So. Pac. Co.
V. 72, p. 287. The Southern Pacific Company has guaranteed
$2,199,000 of the bonds, principal and Interest, by Indorsement, reserving the right to redeem the bonds at 105 and interest at any time
on six months' notice; guaranty, V. 70, p. 841; see also V. 71, p. 236.
For year 1901-02. gross, $901,420: net. $188,659; other income
$3,424; charges, $159,878; ftal., sur., $32,205. (V. 71, p. 236.)
&
Texas Central Railroad.— CA'ee Map of Southern
Houston
Pact/lc)—Ovnif from Houston, Texas, to Denison, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin. 215 miles: Bremond to
Ross. Tex. ,55 mUes Garrett to Fort Worth, 55 miles; other branches,
30 mUes, total owned, 692 mUes.
History.- Successor April 11, 1893, to a railway company
fore-
closed Sept. 8, 1888. Reorganization plan V. 45, p. 792, 820. On Aug.
22, 1901, various controlled lineswere merged, including the Austin *
Northwestern, an extension of which from Burnett to Lampasas, 23
mUes, was completed Nov., 1902. V. 72. p. 480, 821; V. 73, p. 137,
494. Litigation, see V. 74, p. 680. In 1903 the Rock IslandCo it was
understood, arranged to acquire an interest. V. 76. p. 331.
Bonds. The bonds are being gradually reduced with proceeds of
land sales. The first mortgage was for $8,634,000, of which $570,000
reserved against claim ot State of Texas upon 75 miles of the road.
The 80. Pac. Co. guarantees interest on all bonds. The first mortgagt
bonds and the consolidated mortgage bonds may be called for redemption at 110 with proceeds of land sales. See full abstracts of aU the
mortgages in V. 52, p. 242. Of the$5,068,000consolldated 68 authorized
$1,149,000 (not Included in the amount outstanding above) are held aa
part security for the general 4s. Stock, $10,000,000, of which the 80.
Paciflo Co. owns *9,596,000 par, $100. As to school fund claim for
$673,100, see V. 64, p. 1137 V. 66. p. 471; V. 70, p. 686.
Lands.—The lands June 30, 1902, held for cancellation of Island
consol. mortgage bonds, consisted of 2,446.843 acres; land contracts
outstanding were $1,431,867. V. 65, p. 869.
LatebtEarns.— 7 mos., ) 1902-3 Gross, $3,358,251; net, $1.208,.521
3,362 0i4; net, 1,368 055
5 1901-2... Gross,
July 1 to Jan. 31.
In year 1901-02, gross, $5,156,171; net, $1,538,291; other income,
$37,011; total charges, $1,003,074; balance, surplus. $572,228. In
1900-01, gross, $4,958,392; net, $2,004,821.— (V. 76, p. 331.)
V. 75, p. 666; V. 76, p. 705, 752.
&. ITlanhattan
,
—
;
;
.
,
oper'n.. $2,067,192
J.
5
Charles G. Hickox and James H. Hoyt, Cleveland: P. W. Huntington, N.
Monsarrat, W. V. Goodspeed and R. S. Warner, Columbus. O.
-(V. 75,p. 727, 740, 90t), 981, 1202, 1301; V. 76, p. 26=-.)
,
Net earnings from
Otberincome
LXXVI.
Amount
Road. Beads Value.
453
453
453
[Vol.
RR.—
Hudson
Huntingdon & Broad Top mt. BR. & Coal Co.—Owns
from
Huntingdon, Pa., to alount Dallas, Pa., 45 miles; branches, 19 miles.
Drv.—'91.
000
'92. '93. '94. '95. '96. '97. '98. '99 '00.
24554134
777777
1
On com.
6
5
On pref.
Annual Report.— Report forl901 was
Net.
Oross.
'01.
513 7
5
given In V. 74,
Divid'nds.
Interest.
'02.
....
6
p.
1903.
Jan.,2J«
Jan., 3>a
723.
Balance.
$860,246 $345,606 $106,190 $120,000 sur.$119,416
324,964
106,190
100,000 sur. 117,778
754,633
1901
247,442
106.190
140.000
SUT. 1.252
643,904
1900
-(V. 74, p. 477, 723; V. 75, p. 134; V. 76, p. 158, 331.)
Iberia & Vermilion RR.— Salt Mine Jet. to Abbeville, La., 16
miles. Stock, $300,000, of which $298,500 owned by Morgan's Louisiana & Texas RR. & Steamship Co., (So. Pac. system). Year 1901-02,
1902
gross, $70,506; net, $43,347; int., taxes, etc., $17,032; bal., sur., $26,316.
(5ee Map.)— Road.— Operates from (Chicago,
Illinois Central
111., southerly to New Orleans, La., 912 miles, and westerly to Slooz
City, la., 509 mUes, with numerous branches. Its road, clearly shown
on the accompanying map, is made up as follows : (Tlwhloh see.)
Mil€».
Miles.
Road owned in fee
Evansv. Line (Ohio Val. RB. 139
(Chicago to Cairo, 111.
Main
Ontralla, 111., to East stem. 706 Mem. , Ten. , to Grenada.Miss. 100
Yazoo <fe Mississippi Val. RR.
Dubuque, la
Sioux City %..
IfMemphls to N. O. and brs. 1,096
730
Dubuque
88 St. Louis Alton & Terre H. . . 239
Swttz City to Eftingh''m, 111.
Entire stock owned.
Springfield to E. St. Louis,
892
98 Branches
m. (V. 71,p. 547)
RR.—
&
'
Leased.
Acquired- OaX,., 1901,
Peoria,
111.,
Chicago
Evansvllle,
to
Ind., with 6 m.
73, p. 391,665)
branch
& Texas (Sept.'97)
. .
80
(V.
251
Leased.— Control moned.
Chicago St. L. & N. O. RR.
New Orleans. 54y
614
W. & br'ches)..
Total system June 30,1902.5,38*
Of which earns, kept separate
Yazoo & Miss. Vail. BR
1,096
—
Cairo, ni., to
Line to Louisville, etc
(O.
O.
& S.
}
S
Total included In earns.
Julyl, 1902
4,284
April, 1903.]
KAU^BOAD STOCE8 Am) BOKDS.
nr
ILLINOIS CENTRAL
""
*"
SYSTEM.
INVESTOaS' SUPPLEMENT.
68
RAILROADS.
:
Miles
For explanation of column headings, &o., see notes
on
Illinois
lirst
page of
tables.
Central— (Concluded )—
.
.
,
.
Date
or
Size,
Par
of
1886
£200
1897 $1,000
1881
1,000
1888 500 &o.
1892
1,000
1892 500 4fec.
1894
1,000
51897 500 Ac.
1,000
i 1897
1897 500 &o.
1877
'
1881
1,000
1897
1,000
1.000
1889
1900 il,r00&c
1900
1,000
1883
1880
1886
1887
& Sioux
1901
1900
111
1,000
inois
J.
J.
5
F.
4g. A.
4g. J.
4g. M.
4g. F.
3ifig. J.
3g.
J.
&
&
&
&
&
&
&
&
&
&
&
J.
J.
A.
0.
D.
N.
A.
J.
J.
J.
Slag. J.
6
D.
J.
5 g. J/y&Dij
3l2g. JiS&T>is
4g.
3g.
3g.
J.
F.
J.
214
J.
J.
J.
6g.
7
4g. M.
4g. M.
825,000
4g. A.
5,000,000 See text J.
4,850,000
4g. J.
Ce ntral ooUate
90 miles, were completed, and in Nov., 1902, Lake Cormorant to
Tutwiler, Miss., 68 miles, was completed, and several others were
under construction. Branch from Reevesville, lU., to Golconda, 15
mUes, was opened December, 1902.
The stockholders voted on Oct. 16, 1901, to acquire the former
Peoria Decatur & Evansville By.. Peoria, 111., to EvansviUe, Ind., 244
miles, previously operated by Illinois Cent, as agent, with 6-mile branch,
the cost to be represented by a new bond Issue. V^. 73, p. 391, 665.
The Kentucky Western Rv., Blackford to Dixon, Ky., 18 miles, was
purchased in Dec, 1901. V. 75. p. ^71. In Jan., 1902, obtained control of the Omaha B. & Terminal Ry. V. 74. p. 151. In Feb., 1902,
purchased the Cecilia branch, 46 miles, formerly leased. V. 74, p. 326.
H18TOHY, Leases,
Chartered in December. 1850. The company
pays to the State of Illinois 7 per cent (in 1902 $911,365) of grose
of the 706 miles owned In fee yearly in lieu of taxes. The Chicago St. L.
A N. O. Is leased for 400 years from July 1, 1882, at 4per cent per annum
on Its $10,000,000 stock deposited to secure the leased line stock.
Capital Stock. The leased line stock Is secured by deposit of
New Orleans stock, and in case of
$10,000,000 Chicago St. Louis
default for sixty days on any semi-annual dividend of 2 per cent, the
stockholder is entitled to his share of the stock pledged. (V. 65, p. 1071.)
Early in 1901 the stock was increased from $60,000,000 to $66,000,000, in Nov., 1901, to $79,200,000, and In Aug., 1902, was f luther increased to $95,040,000. to provide additional equipment and facilities. See V. 71, p 1066; V. 72, p. 241, 282; V. 73, p. 82.138, 666; V.
74, p. 1308 V. 75, p. 77, 498. The new stock was subscribed for at par
pro rata by shareholders of record. Of the stock, •ver a majority is
now held in America, $8,000,000 being owned by the Railroad Seonrities Co. See page 118 of this Supplement. V. 71, p. 698, 779.
DIVI8. ) 1885. '86. '87. '88. '89. '90. '91 to" '99. 1900. '01. '02. 1903.
Com. stk. ^ 8 P.O. 713 7
5ifl
7 5^3 6
5 y'rly.
6
6 Mar.,3
Bonds.— Main Line $15,000,000 mortgage of 1874 covers property
described in V. 63. p. 76. The $3,100,000 tirs»^^ mortgage sterling 53,
which matured April 1, 1903, were refunded into S^^s, the latter
retaining their first mortgage lien on the main line V. 76, p. 654.
Cairo bridge bonds art* secured by deposii of a like amount of Chicago
St. Louis & New Orleans 1st M. (5airo Bridge 5s. The rental for the
"bridge is $180,000 in gold annually, of which «30,000 goes to a contingent and sinking fund tiU 1902, then $20,000 to regular sinking
lund. See adv. in Chronicle, May 7, 1892.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago
St. L. A N. O. consols of '81, and are to be included in any new mortg.
The collateral trust bonds of 1952 are secured by pledge with the U. S
Trust Co. of New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 »re secured by pledge
of the securities of the Louisv. N. O. A Texas (now Yazoo & Mississippi
Valley RE.), including all the $16,900,000 1st mortgage bonds, except
$68,000, »,11 the $9,104,000 mortgage incomes and aU but $96,000 of
the $10,000,000 land grant income bonds. See adv. In Chkonicle, June
11, 1892, and V. 54, p. 964 ; V. 61, p. 112.
For the Chicago St. Louis <£ few Orleans the lessee guarantees the
principal and Interest of all the outstanding bonds prior to the 5s of
1881, and by an endorsement on the latter bonds guarantees the
Sajrmeat of the interest on the same until the principal is paid. Of
lese consol. 5s $5,266,000 additional to the amount outstandiiig above
are pleged as security for the 111. Central trust bonds of 1886. The 312S
of 1897 areguar,, p. <s i., by endorsement— see guaranty, V. 65, p. 1071.
The Western Lines loan of 1894 is for $10,000,000, but $4,575,000
bonds can be Issued only when the road from Iowa Falls to Sioux (jity,
184 miles, now subject to $2,800,000 of Iowa Falls A Sioux City bonds
(see Dubuque A Sioux City RR.) due in 1917, shall be transferred to
the trustee vnthout encumbrance. See Sufple.ment of Jan., 1899.
The St. Louis Division di Terminal bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were issuable for improvements, equipment, etc., and $1,499,000 are
held to retire $1,400,000 underlying bonds still outstanding on the St.
Louis Alton AT. H. system; see table above. See abstract of mortgage In V. 66, p. 138. See also V. 66, p. 133; V. 71, p. 546.
Louiaville Division <£ Terminal mort. Is for $25,000,000; of the bonds
1,112, 000 are reserved to purchase the 46 miles (Cecilia branch) from
froulsville A Nashville and to retire the L. A N. bonds thereon; $2,500,000 for new additions or extensions. Chicago at. Louis A New
Orleans took title to the Louisville Division and lotns in making mortgage. See V. 66, p. 136, for abstract; also Supp. of Jan., 1899. V.
65jp.367,516; V.66, p. 133; V. 67 p. 581; V. 75, p. 671.
The Omaha Division mortgage covers the former Ft. Dodge A Omaha
RR., Tara to Council Blufls, la., 131 miles. V. 71. p 547.
Of the *4,000,000 Litchfield Division bonds, $1,000,000 were reserved
for Improvements, etc. V. 71, p. 547, 646.
General Finances.— In 1902 the stock was Increased to $95,040,000. See paragraph headed "Capital Stock" above.
;
3hg.
&
&
&
A
&
&
&
&
D.
A.
J.
J.
D.
J.
S.
S.
London, Baring Bros.
New York, 214 B'dway.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
rto
do
Lxxvi,
Sonrf»- Prlnoi-
pal,WhenDne.
Stocks— L&Bt
Dividends.
1950
1951
1921
1952
1950
1953
1951
1951
1951
1953
1907
June 15, 1951
June 15, 1951
Dec. 1, 1951
Aug. 1, 1951
Jan. 1, 1951
July
Jan.
Aug.
Apr.
Deo.
Nov.
Aug.
July
July
July
Dec.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Jan.,'03,li«%
June
1,
1,
Sept. 1,
Moh. 1,
July
1928
1910
1931
1938
City.
1,000
Illinois Central RK.— (Concluded).
On Dec. 1, 1899, took over portion of St. Louis Peoria & Northern
Ry. from Springfield to East St. Louis 111., «8 miles. V. 71, p. 547.
extension, Tara Station,
The Port Dodge & Omaha BR.
near Fort Dodge, la., to Council Bluffs, la., 130 miles, was parchased by the Dubuque & Sioux City RR. on June 16, 1900,
and leased for 50 years to the 111. Central for its net earnings above
interest on 111. Cent, bonds issued thereon (see below). V. 71, p. 547.
During 1900-1 various branches of Yazoo & Miss. Val., aggregating
&
SJfl g.
80,000
470,000
88,000
538,000
241,000
1,000
1,000
1,000
1,000
100
. .
$5,266,000
2,000,000
968,000
15,000,000
3,000.000
25,000,000
5,425,000
8.377,000
4,939,925
21,688,000
80,000
all,289,000
1,359,000
3,500,000
5,000.000
3,148,000
100
ntral).
In addition $5,266,000 consol. 58 are pledged to sec ure
Ac—
'-
Rate Per When Where Payable, and by
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
of
rrust bonds sterl. (sec. by Cli.8t.L.&N.O.oon8.).CJ9
ill
Ist M.,8p.Div. ref. m., (V.66. p. 1237) g.Us.xo*<fcr
131
Ist M., Middle Div.,Otto to Norman Juno. Abrs.r
Uso'&r 857
Collateral trust bonds, gold, $
.--Cairo Bridge bonds, gold (see remarks) U8.c*&r
798
Col. trust, $25,000,000, g., on L. N.O.& T.UB.c*&r
o*4r 218
Western Unes, Ist M., g.lTs
St. L. Dlv. & Term'l M., $10,000,000, g. Us. xo'&r
Do $5,()00,000(8eeV.65,p. 1173),e;.,I's.x.o*&r 239
Loulsv. Dlv. & Term. M. $25,000,000, g. U s. xo* <fcr 553
567
Chicago 8t. Louis & New Orleans, 2d mortgage.
567
< Consol. M. ($18,000,000), gold, int. guar.o*<fcr
567
IDo guar. p. & 1
o*
100
Memphis Div. IstM., g.,gu. p. * 1. (end.). Us.
130
Omaha Div., IstM., g., $5,000,000. Us
c*
98
Lltohlield Dlv., 1st M., g. $4,000,000. F
Underlying St. Louis Div. <£ Terminal oonds.
St. Louis Alton <fe T. H.— Stock (not held by lUln ois Ce
17
Bellev.<feCarondelet,lstM.,BeUe.toE.C.,gold.c'
51
BeUev. & El Dor., 1st M. (I.C.owns $100,000)c*
ITle.o*
30
St. Louis Southern., Istmort., gold
17
Carbondale & Shawneetown Ist M., gold .c*
Iowa Falls & Sioux City— See statement of Dub uque
Illinois Southern— iBt mort,, gold, $2,000.000.EC.
96
ftutiana /Wtnois c6 Jojoa— Stock, $6,000,000
- >
203
Ist mortgage, gold, $12,000,000, gold.lC....c&r
—
rvoL.
ral trust
&
&
&
0. Equitable Tr. Co.,Chlo. Oct. 1. 1951
J. From Treas. of.. Chic. Jan.l5.'03,2%
J. N. Y., Gr. Cent. Station. July 1, 1950
bonds
of 1886.
During 1903 the remainder (122 miles) of the main line between
Orleans and Chicago will be double- tracked, v. 76, p. 48.
Earnings.— 8 mos., J 1902-3.. ..Gross, $29,300,131; net, $8,846,107
New
July 1 to Feb. 28.
<
1901-2
Gross,
27,243,490; net,
9,016,288
Annual Report.—Fiscal year ends June 30. Annual meeting is held
at Chicago the third Wednesday in October. Report for 1901-02 was
published at length in V. 75, p. 663, 670 See also editorial, p. 638.
The following does not include Yazoo A Mississippi Valley.
Tear ending Jutie 30—
1902.
1901.
1900.
Miles operated
4,284
4,265
3,996
Passenger earnings
$6,177,654
$8,020,649
$7,327,742
Freight earnings
27,710,782
24,876,339
22,280,420
Mail, express A miscellaneous
4,696.379
4,153 897
5.089,599
Total earnings
$40,821,03U $36,900,460 $32,611,967
Operating expenses
22,869.396
28,0 14,340
25,841,792
Net earnings
$12,806,690 $11,058,668
$9,742,571
Net rec'pts from interest, Ac... 3,535,109
2,411,721
2.476,575
MlsceUaneous
16,679
28,608
30,090
Total receipts
$16,358,496 $13,563,851 $12,184,382
,
Deduct—
Interest on
111. Central b'ds.... $3,015,365
$2,930,925
$2,775,925
Int.onChi.St.L.AN.O.b'ds....
2,413.251
2,421,090
2,421.090
Rental Dub. A Sioux C. RR
627,568
505,161
533,913
.«>07,525
Net rental St. L. A. A T. H
507,525
507,525
*452,738
Miscellaneous
126,732
96,000
Divid'ds on lU. Central stock.. 6)4,752,000 ( 6)3,780,000(5^)3,300,000
Salanoe, surplus
^[$5,038,462 1[$2,937,660 T[$2.457,274
"Includes $250,000 pension fund, $145,238 rent of Peoria dlv. etc.
H Includes $4,340,172 betterments, against $2,895,000 In 1900-01
and $654,329, accrued interest on bonds, payable after July 1.
Yazoo A Mississippi Valley —Results on 1,095 miles in 1901-2;
edit.,
1,057 miles In 1900-1. See report at length, V. 75, p. 606, 617
p. 579. Decision holding company liable for $600,000 back taxes, see
V. 75, p. 1066.
Oross.
Net.
Fear
Other inc. Interest, etc. Bal., sur
1901-02.. ..$6. .587,355 $1,882,419 $47,752 '$1,064,417
$865,754
1900-01.... 6,127,942
2,069,691
695
1,004,306
1,066,079
Surplus in 1901-02 as above, $865,754, all paid Sept. 1, 1902, to HI.
Cent, as owner of entire $9,104,000 Loulsv. New Orl. A Tex. 2d mort.
Income bonds on account of arrears of Interest ($4,879,507) on July
1, 1902; $1,016,079 paid from earnings of 1900-01.
OFFiCERS.-President, Stuyvesant Fish; Treas., E. T.H.Gibson; 3d
Vice Pres. and Sec. A. G. Hackstaff. 214 Broadway, N. Y.
Directors.— B. F. Ayer, Walter Lutt^en. John W. AuchtnclosB, J. T. Harahan,
Charles M. Beach, Cornelius Vanderbilt, Stuyvesant Fisb, Bdward H. Harrlraan. John Jacob Aster, Charles A. Peabody Jr., John C. Welling, W. Morton
Grinnell, and Ex officio Hon. Kichard Yates, Gov. of Illinois.
—(V. 75, p. 663, 670, 849, 1086, 1202, 1399; V, 76, p. 48. 654, 752.)
Illinois Soutliern Ry.— Owns Chester 111., to Salem, 111., 91 m.,
and Sparta to Rosborough, 5m.; total, 96 m. Successor June 1, 1 900,
of the Centralla A Chester RR., foreclosed. V. 70, p. 1048; V. 71, p.
29. Friends of the company are building an extension, under the
name of Southern Missouri Ry., from Little Rook Landing to Bismarck, Mo., 43 mUes, of which 32 miles to Flat River were completed in Jan., 1903; and in Feb., 1901, incorporated the St. Louis &
Southern RR. to build from Missouri Jet. to the Mississippi River at
Moro Landing, near St. Genevieve, 6 miles.
Stock, $2,000,000, all issued. For 8 months ending Feb. 28, 1901.
gross, $76,536; net, $11,592. For year ending June 30, 1901 (old
company), gross, $113,229; oper. expenses, $96,285; taxes, $8,013.
President, C H. Bosworth Treasurer. A. F. Williams Auditor, C. F.
Welnland, 204 Dearborn St., Chicago, 111.— (V. 75, p. 549.)
InOiana Decatur &: Western Ry.—Merged In August, 1902,
in Cincinnati Indianapolis A Western RR.— V. 75, p. 239.
.
;
—
;
;
Indiana
Illinois Jk Iowa RR.— Owns from South Bend, Ind.,
111., 192 mUes, with branches, 12 miles; trackaee Seaton-
to Seatonvllle,
villeto Zearlng, 8 miles; leased for SOyearefrom Feb. 23, 1900, the St.
Joseph South Bend A Southern RR., South Bend, Ind., to St. Joseph,
Mich., 39 miles; total, 251 miles. In 1902 the Lake Shore & Michigan
Southern Rv. purchased $4,773,200 of the $5,000,000 stock. V. 73, p.
1356; V. 74. p. 41.
Dividends.- Oct., 1900, to Jan., 1902, inclusive, 1
p. c.
quarterly;
July (semi-annual), 2 p. c; 1903. Jan., 2 p. c.
BoND8.—Of the $12,000,00 lst4sof 1901, $7,500,000 were issuable
only for new property and Improvements; of these, $350,000 were
issued In 1902 for new equipment, side tracks, etc. V. 71, p. 1269; V.
72, p. 87. 722; V. 74, p 1251.
Earntwos.— 8 months, ) 1902-3... Gross, $1,159,775 net, $319,130
July 1 to Feb. 28.
n901-2 ..Gross, 1.141,767; net, 334,369
Surplus over charges. $176,485, against $198,157 In 1901-2.
Earnings.— Report for yearend. June 30, 1902, was in V. 75, p. 1198,
ehowiuK: gross, $1,700,817; net, $475,399; Interest, taxes, rentals,
$207,784; dividends (4 p. o.), $200,000; balance, surplus for year. $67.615. In 19001, gross, $1,416,255; net, $494,191.— (V. 75, p. 1198.)
)
Indianapolis Union Ry.—Owns 3 miles of track, '93 of a mile
of road, with terminals at lodlanapolis, Ind., and leases for 999 years
the Belt RR. of Indianapolis- 121^ miles (which see).
Apbil, 1903.J
1CA1LB0A1>
STOCKS AND BOmi^
69
70
INVESTORS'
KAILEOADS.
For explanation of oolumn headings, &o., see notes
on
first
page of
Indianapolis Un.—lst M.,
tables.
g., s. f.
not oallable.FPc"
Miles
Date
Size, or
of
of
Par
93
F
F
Co
>
>
£10
10
50 &o.
•""
"ibo
....
.
503
541
1888
1901
100
100
100
100
1,000
1,000
100
54
112
112
41
8
37
45
3-62
3-62
164
1886
1896
1896
1894
1901
1867
1889
1877
1882
1900
1890
1,000
>>>>«
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
m
Eaknings 1901-02, gross, $660,207; net, $161,147; other Income,
f 12,843; charges, $98,132; balance, surplus, $75,858.
Indianapolis &. Vlncenne»« RR. —Owns from IndlanapoUs,Ind.
to Vlncennes. 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
Securities.— Stock, $1,402,000; par, $50; of which Pennsylvania
Company on Jan. 1, 1902, owned $1,401,900. The $1,400,000 guaranteed 2d 68 were purchased by Penn. RR. V. 72, p. 490.
Net.
Interest, etc.
Trend.Decsi: Oross.
Balance.
$770,214
$183,514
$201,564
1902
def. $118,050
709,434
123,245
1901
16^000
def. 44,755
—(V. 70, p. 739.)
Interborongli Rapid Transit Co.— Incorporated on May 6,
1902, in New York, and acquired the stock of the Rapid Transit SubConstruction Co.
Will operate the rapid transit tunnel railroad in New York City. This road is expected to be completed early
in 1904 as a four-track line from the City Hall (with the two track
loop at that point), under new Elm St., Fourth and Park avenues, to
42d St., thence under 42d St. and Broadway to i03d St.; also as twotrack lines, partly viaduct, (a) from 103d St., on the West Side, to
Kingsbridge Station, (b) from 103d St. to the East Side and Bronx Park:
extension south from City Hall under Broadway to the Battery and
under the East River via Fulton
Flatbush avenues to Atlantic
Avenue, Brooklyn, there connecting with the Long Island RR., is
under con^t^uction, to be completed by 1906; total to be about 65
miles of track on 25 miles of road.
Leases Manhattan Ry. for 999 years from Apr. 1. 1903. See that co.
Contracts.— Contract with city calls for the construction of the
road from Ity Hall north tor $35,000,000 and its lease to the company for 50 years from completion, renewable for another 25
years, the rental to be equal to the interest on the city's bonds issued
for construction (hut not for easements, etc.) and a sinking fund of
1 p. o. yearly to retire the bonds, beginning 5 years after the road is
placed in operation, provided not less than 5 p. o. per annum is then
earned on ihe stock. The company must also at its own expense provide the electrical equipment, contracts for which will aggregate
$16,000,000 For contract see V. 69, p. 1063. The extension from City
Hall, Manhattan, to Brooklyn, is to be built without aid from city except about $3,000,000. and leased for 35 years with privilege of renewal for 25 years. V. 75, p. 30, 184, 1086, 1202, See V. 76, p. 101.
Stock.— Stock authorized, $35,000,000; par of shares, $100; of this
$13,600,000 is fall paid, the balance being 80 p. c. paid, remainder
payable 10 p. o. monthly to June 1, 1903, inclusive. V. 75, p. 1301.
Voting Trust.—The stock is held in a votinsr trust for 5 years from
May 12, 1902, E. Mora Davison, B. Hamburger and Charles B. Ludlow being the voting trustees.
Earnings.—Ef-tlmated yearly earnings at the outstart are, gross,
$7,500,000; net, $4,125,000; interest on N. Y. City bonds, $1,295,000;
bai., sur., $2,830,000, or over 8 p. c. on the stock.
&
(.
Directors.-William H. Baldwin Jr., Charles T. Barney, August
BelmoLt, Andrew Freedman, James Jourdan. J. B. McDonald, W. G.
Oakman, John Peirce, Geo. W. Young, Wm. A. Bead, Cornelius Vanderbllt. New York; E. P. Bryan, Yonkere, and Gardiner M. Lane. Boston.
President August Belmont; Secretary. Fred'k Evans; Treasurer,
John F. Buck. Office, 23 Nassau St., N. Y. (V. 76, p. 593, 705.)
&
RR.
International
Great Northern
(See Map Missouri Paci/2c).— Long view on Tex.& Pac. (near Shreveport, La.,) southwesterly
to Houston and Galveston, also to Laredo, Tex., on Mex. National BR.
•nd from Spring northerly to Ft. Worth.
—
Lines owned
Joint trackage—
Miles.
Longview, Tex., to Laredo,
494 Galveston Houston & Hen.
Palestine to Houston, Tex
150
(jointly with M. K. & T)
50
Mineola, Columbia, etc.,
Other lines
26
branches
102
Fort Worth to Spring
261
Total system Jan., 1903.... 1,083
Organization.—Reorganized without foreclosure in 1892 under plan
Miles.
I
|
1
|
I
|
In V. 54, p. 203, 366. Stock authorized is $25,000,000; outstancfing,
$9,755,000; par, $100; controlled in interest of Mo. Pac. On May 1,
1901, the Calvert Waco & Brazos V. Ry., in operation from Marlln to
Bryan, 66 miles, was merged, and was extended in 1901-02 from Marlln north to Ft. Worth and from Bryan south to Sprlntr, 22 miles north
of Houston, making through line Houston to Ft. Worth 280 miles. V.
72, p. 872. As to projected extensions to New Orleans, etc., see V. 75,
p. 1354; V. 76, p. 480; V. 74, p. 1038. Of these, branch from Navasota
to Madlsonville, 47 miles, was under construction in April, 1903.
Bonds.-The second mortgage
interest, scaled to 4^3 per cent, until and
Including Sept. 1, 1897, is now 5 per cent but in case of default the
rate reverts to 6 p. o. as formerly. V. 73, p. 445. In July, 1902, equipment lease warrants, includ. Int., $308,948, payable monthly to 1906.
;
Earnings.— Jan.
$1,162,141.
INTEREST OR DIVIDENDS.
LXXVI,
Sonrts— Prinrt"-
Amount
1886 $1,000
$940,000
1867
1,700,000
1,000
100
See text.
1879 500 &o. 10,742,000
1881 500 &c.
9,842,000
1892 500 Ac.
2,721,052
198,000
1880
1,000
1850 and rumisnes terminal facilities to the several
Formed
railroads entering IndianapoUa. CAPiTAiy—The Cleveland Cincinnati
Chicago & St. Louis, the Pittsburg Cincinnati Chicago & St. Louis and
the Terre Haute & Indianapolis are virtual proprietors, they having invested in it $861,817 to June 30, 1902. No stock outstanding.
way
[Vol.
pal,When Due.
per When Where Payable, and by Stocks— h&Bt
Outstanding Rate
Road. Bonds Value.
Cent.
Payable
Whom.
Dividend.
133
Indiayiapolis <£ Yincennes— 1st M., gu. p. <fc i.(end.)c.
Interborough Rapid IVa/mt— Stock, $35,000,000..
1,007
international dt Oreal Northem^-lsX, mort., gold
o* 1,007
2d mortgage, gold.
8d M. ($3,000,000) (f onn'ly lno.),g.lncl.BcripMe.o' 1,007
Colorado Bridge bonds, slnMng fund.
Interoceanic By. of Mexico— Ori. slis., £1,700,000.
Preferred stock, 7 per cent, cum., £1,000,000...
Pr. lien deb., subl. to call at par aft. Meb. 1, '97.
Four p. c. deb. stock, sub. call, par, £1,150,000.
Deb. stock, 7% "B," subj. to call. 120, non-cum..
Second deb. stock, red. at 105 after 1911, text.
Mex. E. deb. stk., £450,000, guar., red. 105 beg.'14
/owa Oen<.—Common stock, $11,000,000 auth.-.w
Preferred stock, $7,400,000, 5 p. c, non-oum...
IstM. for $7,650,000, g.(ab8tr.,V.49,p.582)]TIe.o
Refund'g M., $25,000,000. g. See text.Mo..o*<fer
Jacksontnlle dt St. ioMis—Stock Trust Certificates
Jacksonv. Southeast. Ist M., Jack, to Ldtchfleld.
..PePc
Ist consol. mortgage, $650,000, gold
Income M, gold, non-cum., $1,650,000. .PeP...
Jacksonville Ter.—lsX M., $500,000, g., gu.Mp..c*
Jamestown Chant, d: L. £.— l8tM.,$750,000.Co.c.''
Jefferson— iBt &2dMs,ext. in '87&'89 (H'daleBr.)c
1st M. Carbondale to 8. depot,g., gu. p. & i.FP.o
Joliet <e Northern Indiana^-lst M. gu. p. &i. M.
Junction (PMladelphial-lst m.,guar.p.&i.(ext'd).
Ghsneral mortgage, gold, coupon, $750,000 ..
Kanaw.ti Mich.— Ist M.$15,000p.m.g.gu. p.&l.Ce.o*
SUPPLEMENT.
1 to Mar. 31, gross, $1,260,997 in 1903; In 1902,
Report for the year ending Deo. 31 was in V. 76, p. 650.
4iflg,
M.
7
F.
None.
M.
M.
M.
M.
&
&
&
&
&
&
N. Phila., Fidelity Trust.
A. N. Y., Farm. L. & Tr. Co.
May
Feb.
1,
1,
1926
1908
N. N.Y., offloe, 195 B'way.
Nov.
1,
1919
do
do
See remarks.
N. N.Y., offloe, 195 B'way.
Sept. 1, 1909
Sept. 1, 1921
S.
S.
£1,700,000
1,000,000
400,000
5
J. A J.
699,886
4
M&S 15
469,459 37,8in'00
4ifi
1,150,000
400,000
5
J&D 15
$8,518,700
5,672,400 I'^in'OO M. & S.
7,650,000
8- J. & D.
5 g- M. & S.
2,000,000
4
1,500,000
300,000
J. & J.
350,000
A. & O.
I'1,582,000
& J.
500,000
& J.
600,000
& J.
300,000 4ifi& 6
& J.
A. & O.
2,800,000
800,000
J.IO&J.
4ifl
425,000
J. & J.
3ifl g. A. & O.
300,000
2.469,000
4g. A. & O.
It
?*
Year.
Oross.
Net.
May
1920
1,
Moh.'31 ,'i912
Sept. 15 ,1950
London.
1950
Sept. 15,
1950
London.
Jan.
1984
1,
N. Y. office, 25 Broad St, Mar. L,'00,li«
N. Y., Mercantile Tr. Co. June 1, 1938
Mar.
1951
1,
1910
1925
None paid.
1935
Jan.
N.Y., Guaranty Tr. Co. July
1939
1951
N. Y., Conttn. Trust Co, Jan.
Phila., Fidelity Tr. Co.
July
1927
1909
N.Y., Erie RR.
Jan.
N. Y., Farm. L. & Tr. Co, July 10, 1907
Phila., Bread St. Sta.
July 1, 1907
do
do
Apr. 1, 1930
N. Y., Central Tr. Co. Apr. 1, 1990,
See text.
July
PMla.,Penn.Co.for Ins. Oct.
Other inc.
Charges.
1,
1,
1,
1,
1,
1,
1,
Balance.
1902
$5,248,913 $1,383,988 $10,092 '$1,379,569 sur. $14,611
1901
5,148,092
1,327,438
11,956 *1,221,249 sur. 118,145
* Charges in 1902 above include about $101,471 for new equipment
in 1901, $85,130 (V. 75, p. 981, 1354; V. 76, p. 480, 649, 654.)
Interoceanic Ry. of Mexico, lilm.—See page 172.
lo^va Central Ry.— (See ifap)— Operates Peoria, 111., west to Oskaloosa. la., thence northerly to Albert Lea, Minn., forming a through
line via Minn. & St. Louis RB. from Peoria, lU., to St. Paul, Minn.
Owns—
Miles.
Leases— (stock owned.)
Miles.
Iowa June, 111., to Manly Jc,
la. C.
W., Belmond to Algona. 37
Iowa
340 Tracfc, Iowa Junct'n to Peoria. 3
Branches to Belmond, etc
151 Manly Jot., la., to Albert Lea,
Minn, (owned jointly)
14
&
Total in earnings July 1, 1902
558
History.—Reorganization (by plan in V. 44, p. 653) of the Central,
fowa sold in foreclosure in 1887-88. In June, 1900, Mlnneanolls & St.
Louis interests obtained control through purchaseof the common stock;
the two properties are operated In close connection. V. 70, p. 1249.
Capital Stock.-The preferred is entitled to 5 per cent (non-cumulative), then common to 5, then both share pro rata. (V. 62, p. 548.)
Dividends.—On preferred stock in 1892 1 p. o.; in 1899, 3 p. c; In
1900,
p. 0., none since. V. 71, p. 258. 342.
Bonds.—The refunding 4? of 1901 are secured by a mortgage on the
entlreproperty now owned or hereafter acquired, subject to the $7,^50,000 first 58, for which an equal amount is reserved. In 1901
$2,000,000 were Issued to retire the $555,000 Iowa Central & Westera
58 and the $591,000 Kelthsbnrg Bridge 6s (the latter called for payment on Dec. 1, 1901,) and for improvements and equipment. The
balance are Issuable for future extensions at not exceedins $25,000
per mile, improvements, equipment. V. 73, p. 901.
Earnings.— 8 months, ) 1902-3.. .Gross, $1,651,347; net,$299,294
$1901-2. .Gross, 1,727,587; net, 307,188
July 1 to Feb. 28.
Annual Report.- Fiscal year ends June 30 report for 1901-02 was
in V. 75, p. 1198, 1206. Soft coal tonnage in year 1901-02 was 790,443
(42 p. o. of total tonnage). Ton-mile rate in 1901-02 was 0"668 cents,
against 0709 cents in 1900-01; train-load 1901-02 218 tons.
1899.
Tear ending June 30.
1902.
1901.
1900.
506
510
513
Miles oper. June 30
558
iiross earnings
$2,543,349 $2,284,123 $2,325,919 $2,120,575
STet earnings (over taxes)
387,514
'55i;459
559,719
437,549
Tot. net rec'ts (incl.rents)
438,757
566,780
574,694
506,929
Interest, rentals, ^c
504,014
431,709
390,806
387,203
Dividends on preferred.
(3) 170,024 (lifl) 85,005
Balance, surplus
'$2,915
$7,049
$5,950 $102,482
*Adding profit on Iowa Central % Western stocks and bonds in
excess of cost ($201,623) maSes surplus for year $204,538
President (July, 1902), Edwin Hawley.— (V. 75, p. 1198, 1206.)
m
;
Iowa & St.
BurUngton
liOuls RR.— Acquired in March, 1903, by the Chioaga
& Quinoy RR. (V. 76, p. 654, 752.)
Jacksonville & J t. Louis Ry.— In June 1902, the Chicago BurUngton & Qujncy acquired practically all securities.— (V. 74, p. 1308.)
JTackflonvUle & Soathtvestern RR,—Jacksonville to Newberry
Fla., 88 miles, operated July, 1900; extension, Newberry to Manatee
Springs, Suwanee River, 20 mUes, under construction Jan., 1903.
V. 69, p. 80. Bonds reported to be outstanding, $300,000 first and
$200,000 seoord 6s, due July 1, 1911, Michigan Trust Co. of Grand
Kapids, Mich., Trustee. Year ending June 30, 1901 (86 mUes), gross,
$146,736 net, $37,086. President, J. M. Barnett, Grand Rapids,
;
Cummer, Jacksonville, Fla.— (V. 70, p. 1195).
Jacksonville Terminal Ry.— Owns union freight and passen-
Mich-; Sec, A. G.
fer depots [the latter opened Feb. 1, 1895,] and terminal properties at
acksonville, Fla., including 20 miles of track, used by Savannah
Florida & Western, Seaboard Air Line, Jacksonville St. Augustine A
Indian River (now Florida East Coast Ry.), which companies guarantee by endorsement the principal and interest of above bonds, and
own the entire stock. Georgia Southern & Florida Ry. also uses depot.
V.71,p.l35. For year 1901-02, gross, $112,653; net, $10,375; othei
income,$29,813. deductions, $34,621. (V. 71, p. 135.)
Jamestown Cbantaiiqna
Lake Erie Ry.—JameBtowil>
N. Y., to Chautauqua, 261^ miles; branch to Falconer, 313 miles;
extension, Mayville to Westfield, 11 miles, was completed in June.
1902; total, 41 mUes. Incorporated in Sept., 1900, and purchase*
the stock and about 95 per cent of the $250,000 bonds (5s) of the
Jamestown & Cliautauqua Ry. and entire stock of Chautauqua Steamboat Co., operating 11 steamers on Chautauqua Lake. Stock. $600,000,
For year ending June 30, 1902. railroad earnlugs were:
all common.
gross, $69,841. against $60,730 in 1901; net $17,046. against $16,189;
&
charges, $3,367. bal., sur., $13,679. Pres. F. L. Chase.— (V. 76, p. 212.)
Jeflerson
Owns Lanesboro, Pa., to Carbondale, Pa., 87
miles double track; branch, Hawley, Pa., to Honesdale, Pa., 8
miles. Leased in perpetuity to the Erie RR. Co. for $140,000 i>6»
annum for main line and $14,940 for branch. Used by Delaware & Hudeon to reach Carbondale. Stock, $2,095,450; all owned Ly Erie RR.
RR.—
JoUet
&
Northern Indiana
Station, Ind., 45 miles.
RR.— Owns
Joliet.
01.. to
Lake
Operated as part of the Michigan Central
syfr
j
I
i
>|
Apeil, 1903. J
EAILKOAD STOCKS AKD BONDS.
71
73
INYESTOES' SUPPLEMENT.
LVol.
LXXVI.
Apbil,
RAILROAD STOCKS AND BONDS.
1903.]
BATLROADS.
For explanation of column headings,
on lirst page of tables.
&o., see notes
Miles
Date
Size, or
of
of
Par
10
K m.O. Bell—XsX ($534,000 gu. K.C.F.8.&M.).1VB.0* 174
Kxn. Viiy Olin. <t Spring.— 1st M., g., guar.IVB..o
Pleasant Hill & De Soto lat mortgage, gold.NB
85
K.
Ft. 8. & Mem RR. 1st M., g., assumed. OB
Kansas C'iti/ Fart Scott & Memphis Sy.—
*767
Ref. M., $60,000,000, g., gu.p.& i.end.x.Me.C&r
Undeklting Bonds
&
Outstanding
1886 $1,000
1885
1,000
500
1877
1,000
;.
o*
G. Ist M., I'd. gr.,s. f., dr'n at 110.
K. C. F. 8.
M.. 1st M., dr'wn at 105.0*
Ft. Soott So'eastem
c*
Memphis K. <fe Col. IstM
&
"*
Kansas & Missouri RR. lat mortgage
K. C. F. S. <te M. RR cm. M.($25,000 p.m.)NB.o'
Current Riv. RR. Ist M., $20,000 p. m., guar.
Kan. C.& M.R'y&B'dgelstM.g.,s.f.,dr'natll0.o
Kansas Equip. Co. Ist M. guar., s. f., red. at 110
Ft. Scott Equip. Co , Ist M., call at par
Ozark Equip. Co.lst M.,gu.,$l,000,000, call at par
K. C. Mem. (fe Bir. gen.M.. $4,500,000. our. OB.o*
c*
MB
non-cum. To be stamped— see text. OB.
Birm. Belt Ist M., s-, red. I0212. gu.p.&i.end.OB
0'
Memphis Equipment Co., guar., red. at 110
Kan. City 2Iex. <C Orient— 1st M., g., $22,500 p. m..
Kan. Oily outer Belt <t Ele'--. -1st M., $3,000,000, g.
Kansas City Southern— Htook, com., $30,000,000
Pref. stock. 4 per cent, non-cum., $21,000.000.
M[e..o*
Ist mortgage, gold, $30,000,0u0
Inc.,
160
103
50
26
719
81
3
* •
•
285
285
16
....
1901 l,000&o
*
Cent.
1960
&
&
7
&
eg. M. &
N.
12,355,500
4g. A.
O. N.Y., Mercantile Tr. Co.
J.
g. lA.
iA.
g.
^Tobeh
J.
ML.
M.
F.
M.
A.
A.
J.
J.
M.
M.
F.
J.
J.
«&
&
&
&
&
&
&
&
&
&
&
&,
X
&
&
&
J.
&
St.
St. July 1, 1916
Old Colony Tr. Oct. 1, 1925
do
Oct., 1907
Louis, Mo.
May 1, 1928
Oct.
1,
1936
I}.
Boston, Old Colony Tr.
June
1,
1908
8.
8.
do
do
do
do
do
do
N. Y., Merc. Tr. <& Bost.
Boston, Old Colony Tr,
N.Y.,Mer.Tr. Co. & Bos,
Boston. Old Col. Tr. Co
do
do
do
do
do
do
do
do
New York.
Boston, Old Col. Tr. Co,
Sept. 1, 1910
Sept. 1, 1910
A.
N.
O.
O.
J.
J.
N.
a.
A.
J.
J.
ela In
3g. A.
Boston, Of., 50 State
O. Boston,
O.
do
v oting trust
M&
Road opened in 1854 and leased to the Michigan Central. Stock
owned by the Micu. Cent., carries dividends of 2^ per
($300,000), all
cent per annum.
(V. 76, p. 752).
Junction RK. (Philadelphia).— Owns Belmont.
Aug.
1922
1928
Oct.
1927
Oct.
1929
Jan.
1905
July
1909
May-Nov.1'10
Mch. 1, 1934
Mch. 1, 1934
Oct. 1, 1922
Aug. 1, 1905
1950
Jan. 1, 1953
May
1,
1,
1,
1,
1,
1,
for 5 years.
O. N. Y., Merc. Trust Co.
0, (d) $69.00 0, held a live In slnkl ngfund.
V. 7 4, p. 829
8.
y Inolud es $2,00 0,000 assumed
All except .$525,780 are Hxed-lnterest bonds; coupo ns
Also covers majority of stock of Kan. City M. & Blrmh ., 285 miles, a nd provides for retire ment of its bonds.
tern.
Dividend.
6
5
30,000,000
21.000.000
29,999,500
i",6o6
Whom.
Payable
$2,050,000
3,192,000
58,000
2,000,000
1879 100 &c.
2,151,600
7
7
1880
1,000
a571,000
492,000
1884
1,000
7
390,000
1882
1,000
5
1888
1,000 yl3,736,000
6
1887
1,000
1,606,000
5
1889
1,000 b3,000,000
i«1889
1,000
C761.000
1.000
233,000
6
1899
830,000
1900
1,000
5
4
3,323,390
1894 500 &0.
1894 500 &0. x6,322,780
5
1902
1,000,000
4g.
dl89,000
6
1890
1,000
See text.
1900
(1)
i.ooo . 1,500,000
4 g.
1903
.
X
Bonds—Prtnol
INTEREST OR DIVIDEKD8.
pal.When Due.
Rate per When Where Payable, and by Stocks— liSiSt
Amount
Road. Bonds Value.
73
by K.
O.
Apr.
01.
1,
1950
& Sp.
except $538,.'>0O of the $5,923,280 Kansas City Mem. & Birm. income
bonds, beginning Mar. 1, the bonds so guaranteed being stamped with
a provision making them subject to cill at any time within 10 years
from Sept. 1. 1902, at 95 and interest V .74, p. 477, 577.
The Birmingham Btll bonds are guaranteed, principal and interest.
Jointly by the Kansas City Memphis & Birmingham and St. Louis &
& San Francisco V. 75, p. 1147.
Report.—The earnings of the combined properties (including also
those of the K. C. Clin. &Sprinerfleld Ry not owned) were (later earnings are included with those ot 6t. L. <fe S. F.):
Pa., to Grays
Leased Jor 50 years from March 1,
Ferry, Pa., about 4 miles.
1899, to Phila. Wilm. <fe Bait.; lessee to pay llxed charges, keep road
Stock
in repair and pay bond interest and 6 per cent on stock.
$250,000; (par $50), now all heldbv Phil. Bait. & Wash, and the Penn.,
V. 68, p. 428. Dividends— in 1891, 40 p. c. inl892, 35 p.c. inl893,
30; 1894, 15; in 1895, none; 1896. 15 p. c; 1897. 10 p.c; 1898, 20 p. c;
since 6 per cent yearly under lease.— (V. 68, p. 428.)
Ytar—
Gross.
Net.
0th. tnc.
'•harges.
Bal.,s^ir.
KanaTirha Michigan Ry.—(See Map Toledo <e Ohio Central.)— 1900 01... $8,840,857 $3,427,913 $77,087 $2,o54,983 $1,450,017
From surplus as above were paid in 1900-01 div. on Kan C. Ft. 8.
Owns Coming, O., to Gauley on the Ches. & Ohio, 177 miles, less 18
& Mem. pref. (8 p. c), $219,984 dlv. on common (4 p c), $395,920
miles, Pomeroy to GalllpoUs, and 1 mile, Athens to Armitage, where
Hook. Val. By. tracks are used. Also owns branch of 11 miles leased int. on K. C. M. <fe B. Incomes (5 d.c). $316,863; charged off, -63,032;
to Toledo & Ohio Central and Col. Sandusky & Hocking Ry. companies. leaving final surplus of $454.218.— (V. 75, p. 1202; V. 76, p. 435.)
HiSTOKT, Etc.— Reorganization In April, 1890, of the Kanawha <fe
KansasClty .tlemphls 6c Birmingham
See Kansas City
Ohio Railway sold in foreclosure. (V. 50, p. 451, 483.) In Oct., 1890, Fort Scott & Memphis Ry. above.— (V. 7o, p. 1147.)
Central.
stock
was
acquired
by
the
Toledo
Ohio
<Si
a large interest in the
KansasClty ITIexico
Orient
(See Jr«p.)— Projected
which has guaranteed the bonds, principal and Interest. (See V. 52, p. to extend from Kansas
City, Mo., to Port Stil well, Mex.. on the Gulf
treasury July,
stock
In
$10,000,000 ($1,000,000
165. 351.) Capital
California, about 1,500 miles.
of
In Jan., 1903. work was in prog1902). The first mortgage bonds are limited only to $15,000 per mile ress along the entire distance from Kansas
City, Mo., to Sweetwater,
of road constructed. Nov. 1, 1902, car trust 5 p 0. notes, payable
Tex
about
650
miles, of which 100 raises from Harper, Kan., south,
monthly, $1,588,677; special equip, and betterment loan, $575,000.
wera completed, and about 200 mUes in Mexico w«re under connet, $30,321
Latest Earns.— 8 mos., > 1902-3. Gross, $733,02S;
struction; but of the latter 30 miles east from Hort StilweU completed;
net. 144.413
Jul V 1 to Feb. 28.
5 1901-2. Gross,
733,303;
traok-laylngwas in progress in Kansas, Texas and Mexico, and It was
Def. under 8 mos. chges.. $89,887 In 1903. agst. sur. $57,156 in 1902.
expected the entire road would be completed within three years.
ANNUAL Statement.- Report for year 1901-2, In V. 75, p. 728, showed: See V 75, p. 1253. The CMhuahua Pac, completed from Chihuahua
Gross. $1,096, 3=>9; net, $vi44,l 55; other income, $7,148; int., taxes, etc., to Mlnaca. 125 m.,u8ed as the southern portion of the Une, under a
174,948; balance, surplus, $76,355. In 1900-01, gross, $924,624; net, ten-year trackage agreement, the concessions for building the uncompleted portions of the line (see V. 71, p. 181) having been transferred
f227,300.— (V. 74, p 267, 1089; V. 75, p. 666, 728.)
to this company. V. 73, p. 662. See prospectus In V. 75, p. 1253.
"Western
(V. 76, p. 864.)
KausaniClty Beatrice
lu Mar., 1903, operation was begun between Wichita, Kan., and CarKansas City Belt Ry.—From Argentine to VaUey of Blue River, 10 men,
O. T., 106 miles, of which Wichita to Milton, 31 miles, is Missouri
outstanding Pacific trackage,
Stock authorized $2,500,000 (par, $100);
miles.
under temporary arrangement.
owned one-hali by Atchison Topeka
$500,000 (par, $1(K))
The Kansas City Outer Belt
Electric RR. (see that company beA Santa Fe and three-tenths by Kansas (3ity Fort Scott & Mem- low)
will, when completed, afford terminal facilities and an entrance
phis and two-tenths by Chicago Milwaukee <fe St. Paul. Double-tracked into Kansas City.
V. 76, p. 331.
and used for a terminal road at Kansas City, being leased for 99 years
Securities. —The company Is to issue the following stock and bonds
from 1888 to C, M. & St. Paul and Atchison Top. & S. Fe Oointly with
to cover each mile of completed road and equipment, viz.: $22,500,
other companies) for payment in each case of 3 p. c. per annum of
first mortgage 4 per cent gold bonds, running fifty years from their
cost of property used with equal proportion of cost of conducting
date. Interest payable semi-annually (but probably incomes for the
transportation and maintenance according to wheelage. The mort
gage is for $2,500,000. For year ending June 30, 1902, gross. $346.- first three years) and $20,<iOo per mile each in common and non-cumulative
4 per cent preferred stock, and in addition .*2, 500. 000 bonds
140; net, $191,413; Interest, taxes, etc., $155,043; bal., sur., $36,370.
extra work in the Sierra Madre Mountains. V. 75. p 1253. Stock
Kansas City Clinton &. Springfield Ry.—Owns from 01athe> 8for
held in a voting trust for 10 years or more. Pres., A. E. StUwell.
Kan., to Ash Grove, Mo., 154 miles; Ravmore Jet. to Pleasant Hill,
Opficers.— President. A. E. StilweU: Ist Vice Pres., Enrique C. Creel; 2d
Mo., 8 m.; Arcadia, Kan., to Sprlngfeld. Mo 85 miles (acquired Sept.,
Vice Pres., W. W. Sylvester; 3d Vice-Pres and Gen. ,Mgr., Enward Dickinson;
1901, from Kansas City Fort Scott & Memphis RR.); total, 247 miles. Secretary.
Neal S. Doran: Treas., vv. A. Rule. Executive Commttee
E. L.
Stock, $1,775,400. Bonds were guaranteed by the K. C. Ft. Scott
Martin (Chairman), Kdward UickiDson, VV. S. ^Vood-". W.
Kule. A. E. StilMem. BR. (old co.) Under purchase from K. C. Ft. 8. M., $2,000,000 weU and W. VV. Sylvestfir. Other directors Include GeorgeA.J. Gould,
Warren
G. Purdy and J. T. Odell.
six p. o. bonds of that companv, were guaranteed. For year ending
June 30, 1902, gross, $307,374; net, $85,731; other Income, $41,237
(V. 75, p. 184, 666, 907, 1087, 1202, 1253; V. 76, p. 331.)
Interest, $273,660; bal., def., $146,6»2.— (V. 73, p. 236, 723.)
Kansas City Northwestern
Entire stock, $4,016,OOo
Kansas City Fort Scott &: ITIeniphls Ry. (See Map of St. (par 6100), and $2,983,000 "B" bonds were purchased in Nov.,
1900,
Louis <£ San Francisco Railroad Comfjayiy.j—Ovras road ex- by Mo. Pac. By., which see; also Supp. of Jan., 1903. For year 1900-1
tending from Kansas City, Mo., to Memphis, Tenn., and branches, (on 174 miles) groNo *426,877; net. $109,591; other Income, $1,441;
854 mUes. Uses as trackage 85 miles fi-om Arcadia to Sprlngtleld, deductions, $78,636; balance, surplus, $32,396.
Sprlngtleld By.(whichsee above). Also
Mo., owned by K. V. Clinton
Kan«aR City Outer Belt (Steam)
Electric
r£ce
Birm. RR., Map ;— This company is constructing a belt ?&
has a controlling Interest in stock of the K. C. Mem.
road at Kansas City,
owning line from Memphis, Tenn., to Birmingham, Ala., with branch, the mainline, double track, being 7 miles inline
length, extending from
Bridge Co., owning bridge No. Kansas City to the Kaw Valley on
28ft m., and of Kansas City & Memphis By.
the west, witli bridge across the
across Mississippi River at Memphis, 3 miles. Total, 1,142 miles.
Missouri River. Will afford an entrance into Kansas City for the Kansas
Organization.—Incorporated on June 14, 1901. and is vested with City Mexico
Orient Ry.. and connect with the various steam roads
the property of the former Kansas City Ft. 8. & Mem. Railroad other enterinif that city. Arrangements are also proposed with certain prothan the 85 miles from Arcadia to Sprlngtleld, sold to the Kansas City jected suburban electric roads Incorporated on July 21. 1902, by inClinton & Sprlngtleld; also controls other mileage. V. 72, p. 1237. See terests friendly to the Kansas City Mexico
Orient Rv.
V. 75,,y
p. 184;
.
V. 72, p.438, 532. 675, 988. The St. Louis * San Frajicisco BB. owns V. 76. p. 331.
the entire stock and leases the road. gnarant«etng the bonds of 1901,
Securities.— Stock authorized. $2,250,000 each of common and 4
principal and interest, and 4 p 0. on preferred stock trust certitloates. per cent preferred. The
stock will be held in a voting trust of ten
Stock. — Common authorized, $45,000,000; outstanding, $15,000,- members until the full dividend shall have been paid on the preferred
owned
Loals
all
by
St
San
Francisco
BR
Ttie
pref.
stock,
tor
five
000,
consecutive years. See V. 76, p. 331. Of the $3,000,000 author($15,000,000 authorized, of which $13,510,000 Is outstanding, par ized 1st gold 4s (see table above) $1,500,000 have been sold; the entire
$100) Is deposited in escrow, and against it are Issaed trust certlttoates cost of construction and equipment was estimated at not over $2,000,.
of the St. L.
San F. RR.,the latter having the option to retire the cer- 000 in bonds, leaving balance for extensions and improvements.— (V.
tificates at any time at par, and obligating itself to pay ofl the whole
75, p. 184; V.76, p. 331.)
issue in 20 years from date, meanwhile obligating itself to pay quarKansasClty Sonthern Ry.— (See .ar«p.)— Operates a line exterly divs. of 1 p. c. thereon, beginning Jan., 1902. See V. 72, p. 1238.
tending from Kansas City, Mo., to Port Arthur, Tex., (thence by its
Bonds.— The refunaing oonds 01 1901 (llmltea to $60,000,000) are ship canal 7 miles to deep water on the Gulf of Mexico), with branches
to be secured by all property now owned, or hereafter acquired with
and extensive terminals used by various roads entering Kansas City.
the proceeds of the refuudlug issue. Of the bonds, $ll,6o0,000 were
Lines owned
Miles.
Lines ourned—
^tte$.
subscribed for In June, 1901, about $31,025,770 were reserved for
City, Mo., to Belt Jet.. 12 Branches to Fort Smith, De
exchange against the face amount of underlying bonds, $3,000,000 Kansas
orand
View,
Mo.,
to
O.ilncy,
La.,
Port
Aretc
45
for refunding purposes, $5,000,000 for improvements, betterments
thnr, Tex
JV-ae/cage- To Gr'd Vlew,M o. 11
765
and new equipment at the cumulative rate of $600,000 per annum,
Total
and the residue, as weU as any bonds not used or required for refund::833
ing purposes, will be reserved for issue for additional lines and extenOrganization.- A reorganization of the Kansas City Pittsburg <k
sions, at not exceeding $22,500 per mUe thereof.
As to guaranty on Gulf RR., foreclosed Mar. 19, 1900, per plan V. 69, p. 1012, 1062.
bonds of 1901. see "organization" above. V. 75, p. 853.
V. 73. p. 1356; V. 74. p. 94. In Oct., 1900, control became
In the
In 1902 the K. C. Ft. Scott
Mem. Ry. guaranteed the interest on all Harrlman syndicate. V^. 71, p. 913, 963. Geo. J. Gould isvested
Vice- Pres
&
;
;
RR.—
RR.—
&
,
&
&
RR.—
&
;
.
&
&
;
—
RR.—
&
RR.—
&
&
&
&
,
&
&
—
\
I
I
|
&
iNVESTOES* SUPPLEMENT.
74
^rrg^ci-i
,Si,Paul
:^^
MAP OF THE
LXXVI.
[Vol.
Marslifielir
MerilllaDx-
'°//.
%^w is;
C 0/
~^\Camp
KANSAS CITY SOUTHERN
^arta
--
I
RAILWAY.
n
s.
f
Doug-las
Fond
du,
Lac J
Portage
'La Farge^
-Calmar
A
Iilwaukee
Madisoir;
-:f
MontfArt
khom
-a^w,•Ho.
v
UfT3ubuqiie
ftSloux City-
<p
Des Moinesx
Sock Island
3ouncil/Blufrs_
/Ottumwa
Sra'nd Island
FET
Shenandoal;_/S'
\Peoria'\
SeymouE
JUhaliipaiffn^j
Decatur/;
R.S^^ \.l.
C.
ACubas
MankotaV
:)lyde
Moberly
Louisiatia:^
^^
Beloit
Miltdnvale"^
Stockton
lexlco
^RAND
I\itfIi{i'eldJ3
VI
"ni6!:r
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Sedalia
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AmMetA^y,
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JEFFERSON CY.
iVi'T^'n/iV^*^"
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Richland
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V
Pacific?
^^
Jortoa
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Centralia
O
Versailles
vcrstuues
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Madison
CM>L
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larsha.
katJ
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Osceola
Bismarckf
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PITTSBURG
J<rDekov|n
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Kniveton-^
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SPRINGFIELD
iuifTON
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WilUamsville
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,
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iy-^Iorris Ffrryft
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New AlbanjNi
/
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Conuth>-\ T^ Florence
Spr>ii^,LITTLE^RC^C^
C.B"K"atfield
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TaJansseQ
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T E
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POTEAuHl
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Grenada!;
'^Hope
^shdo\\-n^
PAC.
Bowie
SOU.
/Greenwood
TEXARKAr
—DfaperU
iVeenville
VJj,-
Trilby 1
Blooni^urej(
jreen Vv,
^l^y
^^
Kosciusko \
Comie'!
Co
Rodeslat
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Weiffierford
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Big Sandy-STT^C
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Meridian/
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lACKSON
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yConverseV
Palestine/*^
"almers*-Miln
lZwoil(
GateeTille„
E
/X /
*
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Trinity
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S
AA^'^'A/
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IHORNBECK
I
[
Leesville
1
\,
OC QUINC^Y
L
^.Hempstead y
BEAuivioNT#i,
^
JiklUAKE
Sftn
.
Smith villc
CHARLES.
SJiderlanS^^^ *0u.
fepiTliTJSiitnl
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BATON ROUGE
.>
La Fayelf
Farm
r^
.>,
f^ORj/ARTHUR
Morgan City
#^3
M
eston
^-^^
Jf"
Kenedy"*'
E^O^R LEANS
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Yoakum
Battlesbui^c
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Rockland c
J
Kerrvllle
J
4f~^^
-I
Yo/k
Akron
KAILROAD STOCKS AND BONDS.
April, 1903.]
KAILROADS.
Miles
explanation of column headings, &o., see notes
ror
on first page of
Za^itas City St. Joseph
ton. Oiiy
rf
tables.
/«>?uM— Prtnol-
INTEREST OR DIVTDENDS.
Size, or
Amount
Par
of
of
Outstanding
Road. Bonds Value.
pal,When Due.
Where Payable, and by iStocfcs— Last
Rate per
When
Cent.
Payable
Whom.
Dividend.
Council Bluffs.— See Chic Burl. &Qui NCT.
Kjlnsas Cmf South ERN R T.
mburban Belt— Bee
lentucky Central— See Louisville
BR.~K.& LB.
& Nashville.
let M.,g., assumed..
S.o*
Istoonsol. mortgage, $2,500,000, gold
Zeokuk dt Des JfaiJtes— Preferred stock, 8 per cent
Ist mortgage, interest guar. C. R. I. «feP
o
leoktik dt Hamilton B> idge— let mortgage
iewaunee Qreen Bay dt ITes^em— Ist mortgage. F.o
Zingstmi dt Pembroke— Ist M.., gold
Znoxv. dt Ohio— 1st M., gold, guar, by rent.Ce.c*Ar
Lake Erie dt Detroit River— See Pere Makquette
TTcsferii— Com. stock, $20,000 p. m.
Uike Erie
Pref stock, 6 per cent (not cum.) ($20,000 p. m.)
Ce.c*
1st mortgage, ($10,000 per mile) gold
2d mort., for $3,625,000 ($5,000 p. m.) gold.Ce.O
Michigan Southern Stock
JJak« Sliore
Onar. 10 per cent stock (Mich. So. & No. Ind.) .
o&r
do
Consol. 2d mort.
Zen.<ei.Br.<e:
Date
7S
C
&
.
—
&
1881
1900
162
162
....
...
113
69
RR.
725
725
725
725
....
859
o*<fcr 1,000
Mortgage, $50,000,000, gold.UB
55
Monroe & Toledo 1st mortgage, guar...c
37
Kalamazo <fe WMte Pigeon Ist mort., guar.lJn..o
41
Bat. Cr. & 8tur. let M., g.,guar. p.<fc L(8ee M.Cen.)
36
Sturgls Goshen & St. L. Ist mort., g., p. & 1. guar.
58
Kal. Allegan & Gr. Rapids stock, rental guar
c
58
Ist mortgage, guaranteed. Cn
26
Erie & Kalamazoo (I'sed) st'k, Toledo to Palmyra
Detroit
1,000,000
5g.
1,069,000
4g.
1.524,600 See text.
2,750,000
5
1,000,000
8
378,000
5
i.obo
100
1878 100 &o.
1869
1,000
1891
1,000
1882
1,000
1885
1,000
100
100
....
1887
1891
....
1,000
1,000
100
100
1873
1,000
1897 l,000&c
1876
1,000
1890
1,000
1889
1,000
1889
_ ^
100
1888
1,000
50
3g.
6g.
572,000
2,000,000
;
M.
&
Louisville.
S.
March, 1911
O. N.Y.,StandardTru8tCo. Apr. 1, 1950
See text N Y., Office, 13 Wm. St. Sept. 1,'02, 1%
A. & O.
do
do
Oct. 1, 1928
A. & O. 62 Cedar St. As earned. April 1, 1899
A,
&
J.
J.
J.
&
&
&
D. N.Y., Office 40 Wall St.
N. Y., 45 Broadway.
J.
J. N.Y., J. P. Morgan & Co.
11,840,000
11,840,000 4 In 1902 J. & J.
7,250,000
5g. J. & J.
5 g. J. & J.
3,625,000
z49,466,500 71nl902 J. & J.
10
J.&J.28
533,500
7
J. & D.
6,098,000
3iflg. J. & D.
43,844,000
7
F. & A.
924,000
400,000
5
J. & J.
79,000
3g. J. & D.
322,000
3 g. J. & D.
5-95
A. <fe O.
610,000
840,000
5
J. & J.
10
F. & A.
300,000
June
Jan.
July
1,
1,
1,
1921
1913
1925
N. Y. Office, Qr. Cen. Sta. Jan.15,'03,2%
N. Y., Chase Nat. Baoik. Jan. 1, 1937
do
do
July
1,
1941
N. Y.,Grand Cent. Stat'n Jan.29,'03,3ii
Jan28,'03,5%
Deo. 1, 1903
Coupons at Grand
June 1, 1997
Cent. Sta'n, N. Y.
Aug. 1, 1906
Registered Int'st on
Jan. 1, 1940
2ds by Un. Trust;
Dec. 1, 1989
on new 312S by
Deo. 1, 1989
U. 8. Trust, N. Y,
April, 1903
July 1, 1938
N.Y.,Treas., 24 Thomas. Feb., 1903,5%
do
do
f
1
|
|
I
z N. Y. Central holds $45,289,200 of this.
Securities.- Of the amounts shown as outstanding in the table
,bove there were in the treasury on June 30, 1902, $1,456,175 common
took, $619,189 preferred stock and $783,940 bonds.
Voting Trust. By modified plan both classes of stock will be vested
or five years in the foUowtng voting trustees: E. H. Harriman, Geo.
r. Gould, Otto H. Kahn, John W. Gates, Herman Sielcken, Louis
Fit»;erald and James Stillman. The voting trastees may, in their disiretion, deliver the stock at an earlier date.
—
Latest Earnings.— 8
1902-3. Gross, $4,254,515;|net, $1,166,251
mo8.,July 1 to Feb. 28. S 1901-2. Gross, 3,756,743; net, 1,228,252
Report for year ending June 30, 1902. at length In V. 76, p. 98, 108.
1901-02.
1900-01.
1899-00.
$5,450,871 $4,753,066 $4,118,763
Jross earnings
3,616,126
3,399,222
3,326,015
)perating expenses
)
$1,834,745 $1,353,845
$1,950,120 $1,384,186
128,850
114,600
821,263
762,9C3
76,662
"28,000
7,011
Net earnings
net income
'otal
'axes
nterest
L
C.
on bonds
Term, expenses
Ilsoellaneous..
..
792,749
$916,334
$478,683
Balance, surplus
Directors. -Pres., Stuart R. Knott: Vice-Pres., G. J. Gould; .T.
V. Gates, John Lambert, of Chicago; Edward H. Harriman, Otto H.
Lahn, Edwin Gould, Lawrence Greer, H. P. Werthelin and Herman
lelcken of New York; John J. Mitchell, of Chicago; Julius S. Walsh,
L C. Pierce, of St. Louis.— (V. 76, p. 98, 108,)j
&
Gulf KR.— See K. C. Southern Ry.
St. Loals Iron ITIt. & Sontb. Ry.— See Mo. Pac. Ry. System.
Kentacky Sc Indiana Bridge &, Railroad Co.— Owns steel
Kansas
City Pittsburg
antilever bridge over the Ohio River at Louisville and 5 miles of raiload between Louisville, Ky., and New Albany, Ind.. and 5 miles of
also owns Louis. & New Albany Ferry Co.
lelt line in Louisville
uccessor Jan. 31, 1900, to Kentucky & Indiana Bridge Co., sold
D foreclosure subject to the $1,000,000 first mortgage. The Southern
;
Ohio Southwestern (B. & O.) and Chicago Indianapolis
i LoulsviUe own the $75,000 capital stock, and pay monthly, in prolortlon to cars handled, any deficit in operations. Of the $2,500,000
Lrst consol. 4s, $1,000,000 were reserved to retire the old 5s at maurity and $500,000 for improvements and betterments. V. 71. p. 492.
Earnings.— For year ending Dec. 31, 1899, gross, $278,610; net,
1120,885. President. W. M. Greene; Sec. and Ireas.. H. '^. Heazlitt,
Jen. Mgr., W. M. MltcheU.— (V. 70, p. 1249; V. 71, p. 29, 287, 342.)
Kentuclcy Western Ry.—In 1902 purchased by 111. Central RR.
Keolial^ & Des ITIoines Ry.—Owns from Keokuk, la., to Des
loines, fa., 162 miles. Leased for 45 years from October 1, 1878, to
he Chicago Rock Island & Pacific Railway, the lessee to pay 25 per
ent of the gross earnings, but guarantees the interest (nottheprinIpal) on the bonds. Stock is $1,524,600 8 per cent preferred and^$2,>00,400 common (par $100), a majority of which is held by the lessee.
Dividends.— ) 1893. 1894. 1895. '96 to '98. 1899. 1900. '01. '02.
On pref. p. o. s 2-4 95 eta. 90 cts. None. 50 cts. 50 cts. 1
1
Rental: Inl897-8, $144,855; In 1898-9, $144,875; in 1899-00, $159,in
1900-01,
$148,178.—
(V.
>68;
68, p. 772.)
ly..
Bait.
&
Keobnk & Hamilton Bridge Co.— Owns
River at Keokuk,
bridge across-Mls-
railroads and foot passengers. The
•roperty was originally leased to four companies, but only two combeing
•anies now use it. these
the Toledo Peoria &, Western and the
Vabash Regarding guaranty see V. 59, p. 969. On judgment of
has
been
collected;
889 $203,000
on Judgment of 1894, $142,000;
n Apr 1901, $142,000 was awarded. V. 72, p. 821. Stock, $1,000,KX); par, $100.
Coupons are in default, but mortgage has never been
oreclosed, and part of overdue interest is paid as earnings permit,
^ast coupon paid was No. 40 (second half), due Apr., 1889, in Sept.,'02.
EASNiNGS.-Year ending Jime 30, 1902, gross. $34,116; net, $14,•49; other income. $26,853; total .deductions, $38,534; bal., sur., $3,;68.
In 1900-1, gross, $32,612; net, $19,548.
President, Andrew
pamegle; Treas., Theodore Oilman, 62 Cedar 8t.,N. Y.— (V. 71, p. 135:
Issippi
la., for
,
^ 72,
p. 821.)
Keokuk & "Western RR.— In 1899 acquired by C. B. & Q.
Kingston &, Pembroke Ry.—Owns from Kingston, Ont., Can., to
lenfrew on the Can. Pac, 104 miles; branches. 9 miles In 1899 was
eorganized per plan in V. 67, p. 274, by which $1,000,000 (par
^0) first pref. 5 p. c. non-cum. stock (V. 67, p. 1309; V. 68, p. 130)
nd $150,000 second pref. 3 p. o. stock issued, floating debt paid and
interest on bonds reduced to 3 p. c. In Aug., 1901, the Canadian Pac.
Jty. purchased tontrol. ( V. 73, p. 445, 1160.) Com. stock, $2,500,000; par
i50; issued, $2,250,000. First div. on 1st pref., 1 p. c, paid April 2.
901. V. 72, p. 480. Year ending Dec. 31, 1902, gross, $171,796!
et, $19,595; int., $17,160; balance, surplus, $2,435.— (V. 73, p. 1160.)
& Bristol RR.—Morristown, Tenn., to Corryton via
(Bean Station), 40 miles. Reorganization of Morrls:3wn & Cumberland Gap RR. foreclosed In 1898.
V. 66, p. 810
took authorized, $1,000,000, In Dec, 1902, Bird M. Robinson of
ew York, purchased the entire outstanding $100,000 stook.
V
5, p. 1354.- (V. 75, p. 1302, 1354.)
Knoxvllle
:ate Springs
'
Knoxvllle &01iio RR.— Owns Knoxvllle, Tenn., to Jellloo,Teim.,
and branch, 69 miles. Stock, $1,122,200; par, $100. Southern Ry,
owns $1,118,300 of the stock, of which $1,111,30018 pledged under
its consolidated mortgage of 1894. Earnings not reported separately.
Kona <k Kau Ry., Hawaii.- V. 75, p. 289; V. 76, p. 542.
L.ake Erie Alliance dc Wbeellng BR.—V.75, p. 981; V. 76, p.
265.
Labe Erie
dusky,
Detroit River Rf,—See Pere Marquette RR.
& 'Western Railroad.— Road— Owns SanPeoila, HI., 420 miles, and branch to INIinster, 10 miles;
Sc
Erie
liake
O., to
IndianapoUs to Michigan City, 162 miles; Fort Wayne to Connersvllle
and branch to Rushville, 133 mUes; total owned, 725 miles, of which
701 steel; leased from Oct. 1, 1895, the Northern Ohio RR., Akron to
Delphos, 162 miles; total operated, 887 miles.
History, Etc.— Formed in 1887 after foreclosure of the Lake Erie
& Western Railway. (See V. 50, p. 590.) In 1899, control passed to the
Vanderbilts, and on Jan. 1 1902, the Lake Shore & Michigan Southern
owned $5,940,000 common and $5,930,000 pref. stock. V. 71, p. 1269.
DiviD since 188 9 J 18901 '91 '92 '93 to '98 '99 1900 '01 '02 1903.
on pref.—
4 4% 5 yearly
< 4%
2
4 4 Jan., 2
Bonds.—Abstract of first mortgage in V. 46, p. 45; of 2d mortgage In
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
Earnings.—For 3 mos. ending Mar. 31, 1903, gross, $1,129,988 In
1903, agamst $1,097,425 In 1902.
Annual Report.—Annual report for 1902 was In Chronicle of Apr.
,
25, 1903.
Year end. Dec. 31.
Gross earnings
Net (incl. other income)
1902.
$4,699,340
1,357,437
204,522
543,750
125,000
(4)473,600
Deduct-taxes
Interest on bonds
No. Ohio int. guar
Dividends
1901.
1900.
$4,533,204 $4,475,712
1,380,928
1,591,734
206,983
197,335
543,-50
543,750
125,000
125,000
(4)473,tJ00
(4)473,600
Balance, surplus
»10..'i65
$31,596
$252,049
-(V. 74,p. 827,1355; V.75, p. 1397; V. 76, p. 864.)
Lake Shore &. ITIichigan Southern Railivay.- C^ee Map
N. P. Oewtrai. ;— Operates from Buff'alo to Chicago with branches. The
main line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie & Kalamazoo.
Road owned directly.
Miles.
Leased, [Usee this Co.]
Miltt,
Buflalo, N. Y., to Chicago, HI.. 540 Kalamazoo A. & G. R
58
Sundry branches
320 Jamestown & Franklin
51
Entire stock owned.
Central Trunk
5
Detroit <fe Chicago (see below)
26 Mahoning Coal RR
47
Detroit Monroe & Toledo
55 Erie & Kalamazoo (26 m.)
Text.
Kalamazoo & White Pigeon... 37 Detroit HUlsdale & S. W...1T
65
Northern Central Michigan
61 Fort Wayne & Jackson
98
if
Sturgls G. & St. L
36 Elkhart <fe Western
11
.
Total of above
Grand tot. oper. Jan. 1, '02.1,411
1,076
Of the main line 513 mUes has double track. By control of " Nickel
Plate" the Lake Shore has still another line from Buffalo to Chicago.
Operates Dunkirk Allegheny Vall^y & Pittsburg, Dunkirk, N. Y to
TitusviUe, Pa., 91 miles, since Oct. 1, 1901, for account of New York
Central— (V. 73, p 663
In Feb., 1902, the L. 8. & Mich. 80., together
with the Michigan Central, took over the operation of the Detroit
Toledo & Milwaukee RR Allegan to Detroit, Slioh., 200 loiles. V. 74,
,
)
,
p. 379.
As to double-tracking Mahoning Coal
Ry., see V. 74, p. 680.
Organization, &c. A consolidation on August 16 1869.
In
February, 1898, a majority of the capital stock was purchased by the
N. Y. C. & H. RR., which gave in exchange its 3^ p. c bonds at the
rate of $200 in bonds for $100 in stock. V. 66, p. 288. In Deo., 1901,
$45,289,200 stock had been exchanged. V. 69, p. 1237.
N. Y. cJliioaco &8t. Louis road has been controlled by ownership of
stock since 1882, Lake Shore now owning $6,240,000 of its common.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stook.
The company also controls and leases the Mahoning Coal RR. [see Lake
Shore "System" below] and owns (besides the entire stook of the proprietary lines) $3,050,000 mttsborg & Lake Erie stock. N. Y. O. & H.
B. RR. in 1899 had acquired over nine-tenths of the capital stock of
the Lake Shore, as stated below.
In 1900 the company purchased $11,224,000 of the $27,989,310
Cleveland Cln Chic & St. Louis common stook also f 5,940,000 of the
$11,840,000 common and $5,930,000 of the $11,840,000 Lake Erie <b
Western preferred, the whole at a cost of $12,958,08-2, of which $8,«
958,082 was paid from sui plus earniugs in 1899-01, leaving $4,000,.
000 to be paid from future earnings V. 71, p. 1269; V. 72, p, 870.
In 1902 purchased $4,77:^,200 of the $5,000,000 stook of the
Indiana Illinois & Iowa RR., operating line from Seatonville, HI., t«
St. Joseph, Mich., 306 miles. V. 73. p. 1356; V. 74. p. 41.
In 1901
purchased from surplus earnings $3,200,000 Lehigh Valley RR. stock
at a cost of $1,920,000
V. 74. p. 87S.
In Jan., 1903, the one-half share in over .ii60,000,000 of the $140,000,000 Reading Co. stock acquired by the Vanrierbllt interests, consisting largely of preferred stock, the other half being held by the
Baltimore'^ Ohio, was turned over to the Lake .shoie <Jb Michigan
Southern By., which has made a'one-year loan of $25,000,000 for the
purpose. V. 76, p. 102, 158.
;
76
INVESTOES* SUPPLEMENT,
RAILROADS.
—
.
..,,
1
Miles
'
Date
Size, or
Amount
of
Par
For explanation of colnmD liea(llngs,&o., see notes of
Road. Bonds Value. Outstanding
on first page of tables.
43
43
43
20
16
Lake Shore System—Mahoning Ooal
iZiZ.— Stock
Pref. stock, see text
p.&l.(end).Uno
guar.
let M.,Yoimgs. to And., etc.,
L.Sup.dlshpem. Ri/.— Ist M.,$ 1,200,000, p..8.f.F.O
L.Tahoe Ry <£• Tr. v6.- 1 stM.,g., $500,000 s.f., beg. '05l
Leaventrorth Terminal Ru. & Bridge— Ist M., g.Ce.
Lehigh ct End. iJiwr— Ist M.,g.,int.red'o'dto5p.o.Ce
3
42
63
15
22
63
2d mortgage, gold
Warwick Valley Ist mort., extended in 1900. Ce.
2d mortgage. Ce
L.& Hud. R.Gen.M. $3,000,000, g. (see text) Ce.c*
Lehigh rf iVeir J^jij^rd— Ist M., $1,000,000, gold.
North-ton, Ist M., g., $300,000, gu., red. 105.FPO* "l5
Iiehigh Valley— Stock ($106,300 is 10 p. C. pf.)GP
Ist mortgage, c. and r.. ext. In gold in 1898. .GP idi
r
101
2d mortgage
Consol. mort., ) coup. & reg., $4,762,000 'k^B.c&r 461
5
$40,000,000, ^ annuity, $2,538,000 are 4Jfl8.FP
Mtge. and Coll. Trust, g., call at 107i2...«i P.c*<fer
Coal purchase bond, 3 series (V. 74, p. 210)
Lehigh <fe N. Y.. Ist M., g., guar. p. & 1. ITIp.. .o*<fcr 117
Leh.Val. of N.Y., Ist M., g., gu.p.A i.(end.)GPo*<fer; 283
31
Leh. Val. Ter., Ist M., gold, gu. p. & i., end.<'e.o*&r
60
Easton & Amboy.lst M.Easton to P. Amboy, gu.
12
Eaeton & No., 1st M., gold, guar, by L. Val.G Po*&rl
22
Middlesex Valley, Ist mort., $600,000, gold .Ce.c
Penn. & N. Y. Can, & RR.— Ist m., endors. .o*<tr.|
Consols (see text) guaranteed p.& i.(end.).GPr
Elmira Cortl'd & No. Ist pref. mort., gold..Ce.o* 119
FP
.
I
.
Ist M., gold, guar. p.
& 1.
(end.).
Ce
119
Cana.No.l8tM.,g.,gu.p.&l.byE.C.&N.<V.66,p.82)
Morris Canal stock, 4% guaranteed 999 years
Preferred stock, 10 p. c. guar. 999 years
$50
50
1884
1.000
1896
1,000
1901
1,000
1893
1,000
1881
1,000
1887
1,000
1879 500 <fec.
1881 500 &c.
1890
1,000
1895
1,000
1902
1,000
50
1868
1,000
1870
1,000
1873
1,000
1873
1.000
1897
1,000
1901
1895
1,000
1890
1,000
1891
1,000
1880
1,000
1895 500 &c.
1892
1,000
1866
1,000
1888
1,000
1884
1,000
1884
1,000
1886
100
100
In Jan., 1903, the entire stock of the Lake Erie Alliance & Wheeling RR., Phalanx, O., to DUloBville, 88 mllee, was purchased, together
with all the stock of the L. E. A. & W. Coal Co. and 51 p. c. of that of
the Jefferson Coal Co.; also other properties and lands. V. 76, p. 265.
'99 '00 '01 '02
1903
6I3 6ia 6y'rly 6ifl
7
7
7 7 Jan., 3ia
The consol. mortgage of 1897 (United States Trust Co.. N. Y., and
John T. Dye of Indianapolis, Ind., trustees,) is for $50,000,000 of 3ifl
per cent gold bonds, tax free, authorized to retire the several issues of
78 maturing from 1898 to 1903 (see abstract In V. 64. p. 1182)
amounting to $43,192,000, and the balance, $6,808,000 for use in re
funding said bonds and for general purposes of the company. The
mortgage covers 82954 miles of main line and branches— a considerable portion being double tracked— and 181"11 miles of leased lines.
To Jan., 1903. $43,820,000 of Si^s had been listed. V. 66, p. 1140; V.
68, p. 1182; V. 73, p. 1264; V. 75, p. 290.
GuarJlNTies.-As to guaranties additional to those shown In table
above see Detroit Hillsdale & S. W. and Fort Wa.vn6 & Jackson.
OBKEBAi. Finances.- Nothing has been charged to construction or
equipment account since 1883, the outlays charged to operating expenses for new equipment amounting in 1901 to $3,589,079 and in 1900
to $2,267,825, and for construction to $729,257 in 1901, against
$711,718, these items being exclusive of expenditures for renewals.
Profit and loss surplus Jan. 1, 1902, $14,794,667. Low grades permit
average for 1901, 530 tons, against 455 tn 1900.
large train loads
To Jan.. 1903, $37,094,000 of the $43,192,000 7per cents due In 1903
and earner, and outstanding in June, 1897, liad been retired and
$43,333,000 new 31^18 issued, fixed charges being reduced $1,079,470
perianniun, or over 2 per cent on the capital stock.
Annual Report.— For 1901 was In V. 74. p. 879 see edit page 854Preliminary statement for 1902 (partly est.) was in (V. 75, p. 1397.
1901.
1900.
1902.
Tear end. Dec. 31—
$29,272,675
$26,466,514
$30,155,000
Total gross earnings
21.966.00i »
20,210,229
17,307,795
Oper. exp. & taxes
DIVIDEKD8.— ) '89 '90 '91 '92 '93-97 '98
Since '88. P.ct.
S
.
5
5
;
;
Net earnings
Net, tncl. oth. income
Rentals paid
Interest on debt
Dlvld's on guar, stock
Dividends
$8,189,OoO
$9,849,000
)
$9,062,446
10,391,736
916,605
2,266,656
53,350
$9,158,719
9,908,340
923,247
2,273,312
53,350
(7)3,462,655
(7)3,462,655
(
^3,390,000^
)
(7)3,462,655
(
$3,692,470
Burplufl over dlvs
$2,996,345
—(V. 75, p. 290, 394, 1087, 1397; V. 76, p. 102, 158, 266.)
$3,195,776
liake Sbore System.—Mabonins Coal RR.—Owns from
Yonngstown to Andover, O., and brancn, 50 mUes. Leased in perpetuity for 40 per cent of gross earnings to Lake Shore, which Jan. 1,
1900, owned $865,900 common and $399,500 preferred stock.
Dividends.— ) 1889. '90. '91. '92. '93. '94. '95 to Feb., 1903.
4.^2
8
8^
8 10 (Feb.7%,Aug. 3%)
On common. 5 412% 5
The preferred stock certificates are 5 p. 0. guaranteed and contain
a clause making them redeemable at par at option of company.
For year endlJQg Dec. 31, 1901, rental, $548,501; surplus over int.
and 10 p. 0. on com. and & p. 0. on pref., $157,619.— (V. 66. p. 897.)
I<ake Superior & Itttapemlns Ry.—Marquette to Ishpeming,
Mich.. 20 miles; leases, 1 mUe; total, 21 miles. Stock, $1,000,000;
parol shares, $100. Bonds are subject to call for the sinklnK fund by lot
at 105 and Interest. Year ending Deo. 31, 1901, gross, $176,305; net,
$66,463; other income, $9,818; taxes, $13,377.
Mather, Cleveland, O.— (V. 75, p. 1207.)
President,
Wm.
G.
Lake Tahoe Ry
&. Transportation Co.—Truckee to Tahoe,
15 miles, narrow gauge, operated durmg tourist season from May
15 to Oct.l5 in connection with wteamers and hotels, also owned. Stock
$500,000, all outstanding. Mortgage covers also steamers, wharf and
hotel property costing $250,000; sinking fund becomes operative in
1905; Mercantile Trust Co., San Francisco, trustee. V. 74, p. 479. For
1902, net earnings over Interest and other oliarges were $20,130. For
year 1901, gross, $39,368; net, $16,469. President, D. L. BIIbb, San
Francisco, Cal.— (V. 74, p. 478.)
Laramie If alin'M Peak & Parlllc Ry.—In Sept., 1902. grading
almost com pletetl from Laramie, Wyoming via Centennial, 75 miles,
to be operated in 1903; contract also let for 25 miles to BatUe Lake;
Stock authorized, $10,000,000,
entire projected line, 600 miles.
aUcommon; outstanding, $3,500,000; par of shares. $10. No bonds.
President, Isaac Van Horn, 7 Congress St., Boston.- (V. 72, p. 988)
Oal.,
liCavenwortli Terminal Railway
way and
&. Bridge.— Owns highrailroad bridge (opened Jan. 1, 1894), 1,110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
In that city. The mortgage contains a sinking fund provision. Kansas City St. Joseph <fe C. B. (Chicago B. & Q.) and Chicago R. I. & P.
use the bridge at an annual rental of $16,000 each, under a 30-year
contract from 1894, and Chicago Gt. Western from Sept. 1, 1895, for 30
years; rental $14,250. For year 190102, gross, $51,60S); net, $35,412;
Int. on bds., $30,000; bal., sur., $5,412. Stock,$600,000.— (V.b9,p. 494.)
&
liehlgli
Hudson River Ry.—Owns from Greycourt, on Erie
RR.,toBelvidere, N. J., on the Pennsylvania RR., 63 miles. Proprietary
lines
:
Orange County RR.
(entire stock
owned—no bonds issued) Hud,
Bon Junction to Mayt»rook,N.Y.,onCent.N.E.Ry.(Poughkeepsie Bridge),
including trackage, a total of 13 miles; 8. E. & P. RR.. Phmipsbuxg
[Vol.
Bond f—PrixiciINTEREST OR DIVIDENDS.
pal,^VTien Due.
Rate per When Where Payable, and by Stocks— Ij&Bt
F.
J.
5
6
5
J.
A.
5
&
&
&
J.
J.
&
&
A.
A.
thi
g.
Sg.
5g.
J.
J.
J.
&
&
&
&
&
&
&
&
&
&
&
Dividend.
A. N. Y., Gr'd Cent. Stat'n. Feb.l, '03.7%
J. N. Y., Union Trust Co. Jan.,'03,2i«%
do
do
N.Y.. Farm. L.
& Tr.Co.
San Fran. Merc.
Tr. Co.
J. N. Y., Central Trust Co.
O.
<fe
5
5
6
5
Whom.
Payable
Cent.
$1,500,000 10 In 02
661,850
5
1,500,000
500,000
300,000
600,000
800.000
1 64,000
145,000
240,000
1,124,000
431,000
300,000
40,441,100
5,000,000
6,000,000
10,400,000
12,600.000
7,900.000
1,170,000
2,000,000
15,000,000
10,000,000
6,000,000
51.000
375,000
1,500,000
8,500,000
750,000
1,250,000
300,000
1,025,000
1.175,000
LXXVI.
J.
J.
O.
O,
J.
J.
J,
]
N. Y., Nat'l Exoh. [
Bank, and First!
National Bank.
Warwick, N. Y.
I
Phila.,927 Chestnut
do
St.
do
July
Jan.
Oct.
Jan.
July
July
July
Apr.
July
July
Jan,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1934
1926
1931
192.S
1911
1917
1911
1912
1920
lS4.«i
19£2
1893
June 1, 1948
M.
7
8. Phfia. Of., 228 So. 3d St. Sept. 1, 1910
4ifi&6 J.
D. Reg.at offlce;cp.Bk.N. A. Deo. 1, 1923
4ifl&6 J.
D. PhUa.. Of.,228 So. 3d St. Irredeemable.
Philadelphia.
May 1, 1997
5g. M. AN.
4g.
J.
4g. M.
4l3g. J.
5
5
g.
A.
M.
4l3g.
M.
5g. M.
7
4, 413,
J.
5 A.
6g. A.
5g. A.
6g. J.
4
10
&
&
&
&
&
&
&
&
&
&
D. Reg.atoffloe; op.Bk.N.A.
Phn.,Leh.Val.Of.&N.Y.
N.Y.,Merch.N. Bk.&Ph.
do
O.
do
8.
Sept. 1, 1946
J.
July
N. Phlla. Of. 228 So. 3d St.
N.
do
do
N. N. Y., Central Trust Co.
D. Phila., Bk. N. America.
,
,
O. Phila., Lehigh Val.
do
do
O.
do
do
O.
do
F.
P.
Phil, otfloe,
do
Oct.
May
Nov.
Nov.
June
RR. Apr.
do
228 8.3d
do
Apr.
Apr.
July
St.
1940
1941
1920
1935
1942
1906
1939
1914
1914
1. 1906
1,
1,
1,
1,
1,
1,
1,
1,
1,
Feb., 1903, 2
Feb., 1903, 5
to Easton, 1 mile; trackage, Penn RR., Belvidere to Phlllipsburg, 13
miles total oper., 90 miles.
The Central RR. of N. J. and Lehigh Coal & Nav. Co. control the
road. V. 68, p. 568. Stock, $1,340,000; par, $100.
;
Bonds.- Of the $1,124,000 general mortgage bonds out, $1,062.000 are guaranteed jointly, prin. and interest, by the Cent. RR.
of N.J and Leh. Coal & Nav. Co. An additional $1,535,000 are reserved to take up prior liens and $330,000 for extensions or acquisitions of connecting roads. See form of guaranty, etc., in V. 67, p. 788.
Earnings.— 6 mos., ?1902
Gross, $201,576; net, $76,523
Gross. 193,711; net, 80,931
July 1 to Dec. 31.
51901
ANNUAL Report.—Including Orange County RR.— V. 75. p. 1250.
Tear end. June 30.
Oross.
Net.
Int., tax, etc. BaL, sur.
1902
$166,663 $157,247
$386,876
$9,416
1901
442,251
176,529
172,739
3,790
Lewis A. RUey, President, Philadelphia, Pa,— (V. 75, p. 1250, 1254.)
Iiehlgh & Nexv England RR.— Operates road from Slatington,
Pa., to Campbell Hall. NT Y., 96 miles, of which two sections, aggregating 32 miles, belong to other companies, leaving 64 miles owned.
Leases for 999 years Northampton RR., Martin's Creek to Bath, 15
mUes, to be completed early in 1903. V. 74, p. 478, 1252.
History. —A reorganization July 1, 1895, of the Pennsylvania
Poughkeepsie & Boston, sold in foreclosure Dec. 14, 1894.
Securities.- Stock is $1,500,000, par $50. Mortgage is for $1,000,000, of which $569,000 for improvements and exten's.— (V. 62, p. 134.)
Current liabilities June 30, 1902, $262,493. There were also $75,000
collateral trust bonds and $20,000 equipment 68.
Earnings.— For year ending June 30, 1902, gross, $124,685; net,
$32,433; charges, $47,178; balance, deficit, $14,746.— (V. 74, p. 478.)
Iiehlgh Valley tm.—(See Map)—Main line, Jersey City, N. J., opposite NT Y. City, to Buffalo, N. Y., 446 miles; branches to Audenried,
Tomhlcken, Hazleton, &c., 748 miles Lehigh & New York RR., 115
miles State Line & Sullivan RaUroad, 24 miles total main Une, 1,333
miles; sidings, etc., 938 mUes. Total system 2,271 miles; second
track, 573 miles; third track, 19 miles. Trackage: Penn. RR., 13-6 miles;
N. Y. Central, 18 miles; sundry trackage, 20*8 miles.
;
;
;
History, Etc.— In March, 1897, arranged with J. P. Morgan & Co.
of N. Y. for a general readlustment of finances, including the holding
of voting power for a large block of the stock.- See v. 64, p. 517,
754; V. 68, p. 474. For UBt of securities owned, see V. 66, p. 187. In
June, 1899, J. P. Morgan & Co. purchased about 75,000 shares of stock,
beingone-half of the holdings of the Asa Packer estate, and In Jan.,
1901, the remaining half, these, together with other acquisitions, placing them in practical control. V. 68, p. 1226; V. 70, p. 1049; V. 72, p.
87. In 1901 representatives of the Erie, Lackawanna, Central of New
Jersey, Reading and Vanderbilt Interests entered the directory. V.
72, p. 137, 391. TheLake Shore & Mich. So. In 1901 purchased $3,200,000 of the stock. V. 74, p. 883. In April, 1903, certain subsidiary
companies, in all 109 mUes, were merged. V. 76, p. 810.
Coal Property.—The Lehigh Valley RR. Co. owns 3,619 acres of
ooal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.,
which in December, 1893, owned anthracite coal and surface lands
Total acres.
Ooal acres.
£sCd. yield.
15,217
7,242
124,000,000
Owned In fee
Perpetually leased
8,123
111,000,000
5,741
47,00o,000
1,708
1,708
50,000.000
Controls through stock owned.. 9.229
4,519
Collieries 54, daUy capacity about 30,000 tons. (V. 62, p. 364.) The
Hazelton Coal Co. (chartered in 1896) stock is owned and its $2,000,000 first mortgage 58 also owned are guaranteed see V. 64, p. 137. In
1900 Delano Land Co. was merged in Leh. Val. Coal Co.— V. 71, p. 287.
The Coal Co. shipped from collieries owned 3,049,755 tons in
1901-02, against 3,327,927 tons In 1900-01; total coal tonnage In 190102 was 5,620,872.
Term
leases
—
DIVIDENDS.—
>
'86.
'87.
'88.
'89.
'90.
'91.
'92
'93.
none
4ifl
stnoe.
4
6
5
5
5
5H 4
Bonds.—The $15,000,000 mortgage and col. trust js of 1897 were authorized to provide for fioatmg debt and for future improvements,
$7,000,000 (which may bear a lower rate of interest than 5 per cent)
being reserved for Improvements or acquisition of stocks or bonds of
other companies at $1,000,000 a year after 1900. The mortgage
covers 791"69 miles of single track, Including branches and sidings,
real estate in Philadelphia, and also stocks and bonds of various companies. Lehigh Valley bonds with lien prior to these bonds may be
extended or new prior lien bonds issued, but not to increa.se the aggregate principal sum or rate of Interest of such bonds except as provided
List of collateral pledged to secure
in the consolidated mortgage.
bonds was given in V. 65, p. 1114— see also V. 66, p. 187. The bonds
are subject to call at 107ifl p. c.
GUARANTIES.- JEa«fon <e /Vor</ierw iJiJ.-Road from Belfast to Easton
Pa., Smllea; branch to Lehigh Valley RR. at South Easton, 4 miles
Capital stock is $300,000. Lehigh Val. guarantees bonds. (V. 62, p. 136.
Elmira Cortland ct Northern iJJJ.— This road, with the OanastotJ
Northern, runs from Elmira to Canastota and Camden, N. Y., 140
miles. The atock. $2,000,000 is owned. V. 62, p. 364, 1177.
Lehigh Valley Railway Oo. of New Porfc.— Owns Buffalo, N. Y., to near
Sayre, Penn., 175 m. double track, and branches to Ithaca, Auburn,
Stock owned by Lehigh Val. RR. Mortgage
etc., 110 m.; total, 285 m.
abstract V. 51, p. 114. V. 65, p. 412, 1071. Car trusts. $900,000.
8tnoe'85.
P.
ct.
S
April,
1903.J
RAlLliUAD STOCKS
AND BONDS.
77
INVESTOES' SUPPLEJSCELNT
78
RAILROADS.
For explanation of oolimin headings,
on first page of tables.
&o., see notes
Miles
of
«P
1895
1896
1899
'99-'02
<6
92
84
ol
Renewal mortgage
New M. ($3,000,000)— V. 72, p. 184, 241, 1080...; 84
57
L. Rock <e Hot Sp. ire««.-l8t M., g., $1,140,000. SSt
32
Little Schuylkill Nav. BR. dk Ooaf—Stock (rental gu.)
0'
155
Long lala nd— 2d mortgage
156
Consol. mortgage, gold, $5,000,000. Ce
156
do
do
do
163
o'
General mortgage, gold Ce
18
"2
76
76
12
19
6
21
1,000
1.000
1,000
1,000
1,000
LehighValley Terminal Railway. -Owns double-track road from South
with about 125 acres at Jersey City and a
large water front there, etc.; its stock of $10,000,000 is owned by LeVafiey RB. V. 53, p. 640. 880.
Middlesex Valley y^iJ.— Naples to Geneva, N. Y., 29 miles. Bonds due
1942, guaranteed, principal and interest (endorsed). V. 62, p. 134.
Morris Oonat. Leased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
New York Oanal dk Railroad. Leased for 99 years
Pennsylvania
from December 1, 1888, to Lehigh Valley, which has assumed its debt
and owns all its stock. Consol. mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols include $4,000,000 of 5
per cents, $3,000,000 of 4s, $1,500,000 of 4ias. V. 62, p. 950.
Lehigh <£ New York iiiZ.—Near East Waverly to Fairhaven, on Lake
Ontario, 115 miles. V. 61, p. 558, 750; V. 62, p. 134; V. 71, p. 1311.
'^Lehigh Valley Goal Oo.—See " Coal Property" above.
The $3,000,000 Coal Co. trust certificates of 1902 will be secured by
$4,000,000 In value of " anthracite coal and the proceeds thereof;
tiiey are subject to call in whole or In part by lot at any time at 102 'u
and interest or at par on Dec. 1, 1907. V. 75, p. 1254.
General Finances.— Plan for raising capital for necessary improvements has been suggested. V. 75, p. 907, 910.
Latest Earnings.- From July 1 to Feb. 28 (8 months), net railroad
earnings were as shown below after deducting $336,000 for additions
and improvements, against $1,042,000 in 1901-2:
—
Smos.to
Feb. 28.
1902-8
1901-2
—
Lehigh Valley RR--^
Gross inf.
Net.
Vet income.
Total
Goal Co.
Lines.
net.
S76.2K7
$821,598
$3,693,146
def.27.34i
def.iie,>i60
3,';96,6'<sl
$4,3ii2,757; balance, def.,
$6W9,611
4.31-).S8'): biiaaoe, fief.
•
,
$ie.^98,l'»l
t2.7-»5,251
17,627,221
3,940.722
>
Water
Charges and taxes 1902-3
19)1-2..
do
do
,
Small earnings in 1902-3 were due to anthracite coal miners' strike
ANNUAL Report.- Fiscal year ends June 30. The report for 1901-02
See also editorial, p. 880.
was given in V. 75, p. 901, 910.
Tears end. Nov. 30.
1 ears end. Jutie 30.
,
.
,
1»02.
Earnings from coal. $9,328,959
9,627,286
Mlsoel. freight
3,664,820
Passengers
1,651,188
Mall, express, etc..
Total gross
$24,272,254
Op. exps. ,tno.rentals 19,652.118
Net earnings
$4,620,136
1.079.368
Other income
Total net Income $5,699,503
State taxes
$615,467
Bal. of int. account.
360,249
Canal,etc.
LoBsMor.
72,658
—
/
—
1901.
1901.
1900.
$9,636,802 $ll,6'i3,276 $9,413,472
9,272,317 14,255,961
9,659,172
2,989,004
3,635,061
2,959,378
1,584.442
1.109,234
1,017,260
$23,482,567 $26,683,534 $^3, 049,282
18,668,024 20,069,876 19.242,421
$4,814,542 $6,613,658 $3,806,861
1.081,371
1.105.898
1.055,785
$5,895,913 $7.719.556 $4,862,646
$622,806
260,817
190,574
$625,937
298,120
222,608
$632,806
254,883
290,684
4,936.370
825.700
and rentals
5,179,038
5,094.329
5.172,578
825.700
804.866
825,700
Int Leh. Val. Coal.
Total charges.
.$7,032,280 $6,994,226 $7,144,943 $6,940,443
Balance
df.$l,332,777df.$1.098,313sr.$574,612df.$2,077,797
Operating expenses include large expenditures for additions and
betterments-$l,676,974 in 1901 02, against $1,331,271 in 1899-00—
besides large outlays for equipment in all years; In 1901-02, estimated
loss from coal strike and floods was about $3,000,000 and cost of repairing flood damage $886,000, of which $562,000 is Included In oper-
Int.
ating expenses. V. 75. p. J>10.
The report for 1902 as above does not Include the coal properties.
for the improvement of which $320,456 was expended in the year,
and from whose operations, etc., there was a deficit of $568,682.
Other Income as above in 1902 ($1,079,367) includes dividends on
stocks owned, $296,978; interest on mortgages, $39,186; sundries,
$127,084, and interest on bonds, $616,120, the bonds embracing
tl.4CO,000 Leh. Val. Coal Co., 1892; $5,000,000 Leh. Val. Coal Co., 1897; $2,000,.
000 Schuylkill & Leblgh Valley RR.. $1,922,000 Hazleton Coal Co., $500,000 MorrlB Canal & Banking Co., $425,000 Rochester Southern RR. Co., $164,000 MldAiesex Vallev KR. Co., $350,000 GreenviUe & Hudson Ry. Co.. $384,500 Coal
Ridge Impt. & Coal Co.
Pres. (Deo. 1902), E. B. Thomas 2d V. P., J. A. Mlddleton; Treas.,
W. C. Alderson ; Sec. D. G. Baird, 228 So. Third St.. Phila. Executive
Com.: Chairman, Eben B. Thomas; Geo. F. Baker, E. T Stotesbury,
Charles Steele, H. McK. Twombl? and Alfred Walter.
Directors— KdwardT.Stotesbury.Nonuan B.Keanj, Joseph Wharton, Beauveau
Borto, Charles Steele, Irving A. Stearns, Abrain Nesbltt, II. McK. Twombly.
Kben B. Thomas, {Jeorge F.Baker, J. Rogers Maiwell, George f. Baer and
Robt, C. Llpplncott.
—(V. 75, p. 1254, 1302, 13»9 ; V. 76, p. 102, 212, 266, 435, 810.)
Owns from Lexington, Ky., to JackLexington Kantcrn
son, Ky., about 92 miles. Operates Ohio & Kentucky Ry., Jackson,
Ky., to cannel coal fleld.s in Morgan Co., 26 miles. Stock, $500,000;
par, $100. Reorg. without foreclosure in 1901 per plan V. 73, p. 663.
Bonds.-The first mortgage 58 were'extended at same rate of Interest
to Julv 1, 1911, the conmany having the right to call aud redeem all or
any of them at 102 and Interest. AU interest on the general mortgage
bonds was waived to Aug 1, 1901, Interest thereafter to be paid in cash
Feb. and Aug 1, as follows: 2 p. o. yearly for 5 years, then 3 p. o. for
8 years and 5 p. o. yearly thereafter to maturity. Deferred debentures will be Issued from time to time for balance of the Interest
not paid in cash on the general mortgage bonds accruing after Aug. 1,
;
&
300,000
175,000
1.400,000
3,072,000
1895
850,000
1895 l.OOO&c
1,500,000
1903 100 &0.
250,000
50
4,943,100
1882
1,000
1,500,000
1901
1,000
1,417,000
1899
1,140,000
1,000
50
2,487,850
1878 100 &0
268,703
1881
1,000
3,610,000
1881
1,121,000
1,000
1888
1,000
3,000,000
1887 500 &0
1,250,000
1892
1,494,000
1,000
1892
332,000
1,000
1894
1,000 a 1,135,000
1880
125,000
1,000
1881
1,000,000
1,000
1888
600,000
1,000
600,000
1881
1,000
650,000
1887
1,000
a 100,000
1893
1895
a 315.000
Plalnfleld, N. J., to Jersey City,
<ti
INTEREST OR DIVIDEin>B.
Amount
&
J.
J.
J.
J.
5,000,000
o*
Car trusts, ^ $50,000 due each F. & A
gold.GP ) $25,000 due each F. <b a
Equip, trusts, gold, due $200,000 yearly. PeP..
Do gold,8er."D""E"&"F"due $438,000 y'rly.
Metropol. Ferry Co. Ist M., g., called at llO.Ce.c*
L. I. RR. M. on ferry for $2,750,000. eold.Ce..c*
Stewart Line M. of 1932 for $500,000, gold.Ce..
Debenture ($1,500,000) gold, not subject to call..
New York & Flushing Ist mortgage, assumed
B'klyn & Montauk Ist M., $250,000 are Os.Ce.o*
2d M., g., ass'd, Bus. Sta. to Eastp. & brs.Ce.c
Long Island City & Flushing 1st M7, assumed, .c*
C
Consol. mortgage gold, assumed.Ce
N. Y. Bay Extension, $^00,000, 1st M., assumed.
Montauk Extpns'n. *600 000. 1 st M.. assnined
Par
1893 l,000&o $11,514,000
1880
500
367,000
1892
1,000
1,102,000
1902
3,000,000
L.V.CoalCo.lstM.$12,000,000,g.8.f.,notdm.o*<fcr
r
Snow Shoe, let M., not guar.
Delano L'd let M., g., gu.. s. f. $30,000 y'ly.GP
L. V. Coal tr. ctfs., $3,000,000, oaU. (text).GP.
National Storage Co. trust certs. (V. 72, p. 141)
.Eas/'n— IstM., g.,ext.ln'01,red.l02Ce.o*
Co.t
General mort., gold
LittU Falls d: DolgeviUe-lBt M., $250,000. gold..
yr8.,P.C.&St.L.
Little Jfiawi— St'k,oom.,gu.8 p.c.,99
Size, or
of
Rate per When Where Payable, and by
Outstanding
Ceni Payable
Whom.
Road. Bonds Value.
JLeMgh Valley— (Ooncluded)—
Lexingt.
Date
[Vol.
Ry.—
1901, such debentures ($375,000 eventually) being payable without
Interest whenever the company shall decide, either in cash or general
5g.
F.
F.
LXXVI.
pal, When
Dae.
Stocks— lABt
Dividend.
and Philadelphia.
Philadelphia.
&
&
&
Jan. 1, 1938
Jan. 1, 1910
do
do
Jan. 1, 1933
D. Phila., Girard Trust Co Dec. 1, 1912
&
A.
J.
J.
J.
N. Y.
Phil.,
Girard Trust.
To Feb.
1&,'06
& A.
do
do
To Aug. 19, '06
J. & D. Phila., Penn.Co.forlns. To June 1, '09
4»a
Various
Philadelphia.
1903 to 1910
41a
J. & J. N. Y., J. K. Tod & Co.
July 1, 1911
5
See text F. & A.
See Text
Feb. 1, 1935
1933
3g. J. & J. N. Y., Am. Ex. Nat. Bk.
,— M.70 Ctnn., Office, 1st Nat. Bk. Mar. 10, '03, 2
f' i- & N. N. Y., Bank of America, Nov. 2, 1918
3ifl
F. & A.
do
do
Feb. 1, 1951
St. Louis and Phila.
J. & J.
July 1, 1929
t«g- J. & J. PhUa., Of., 410 Walnut Jan.l3.'03,2i«
7
F. & A. N.Y.,U.S. Mort&Tr.Oo. Aug. 1, 1918
5
g.
g.
g.
g.
5
g.
g-
4
4
&
&
4l2g.
&
^• J. &
t
J. &
I'- M. &
5&6g. M. &
J. &
M. &
M. &
J. &
5
J. &
5
gg-
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Q.-J.
Q.-J.
J.
M.
M.
D.
N.
8.
D.
D.
S.
S.
D.
N.
N.
J.
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1931
1981
June
1938
May
1903
Moh.
1922
June
1932
June 1 1934
Moh. 1, 1920
Mch. 1, 1911
June 1, 1938
May 1, 1911
May 1, 1937
Jan. 1, 1943
Jan. 1, 1945
July
July
1,
1,
1,
1,
1,
1,
mortgage bonds, but to become payable immediately in case any dividend is declared on the stock. Loanspayable June 30, 1902. $27,850.
Earnings.- 8 months,} 1902-3.
Gross, $353,861; net, $140,869
July 1 to Feb. 28.
1901-2
Gross, 262,401; net,
97,343
gross, $424,402; net. $165,771; Interest.
$111,743; taxes, $7,200; rentals, etc., $18,582; bal., sar., $28,266.
President, Arthur Cary. N. Y.— (V. 74, p. 94; V. 76, p. 542.)
<
Year ending June 30, 1902,
Lime Rock RR.— See page
172.
&
Dol;seTliIe RR.— Little Falls, N. Y., to Dolge
ville, 10 miles. Successor In Dec, 1902, to foreclosed road of same
name. V. 75, p. 48. Stock, $250,000. Bonds, see table. For year
ending June 30. 1902, gross. $39,947; net over taxes, $11,116. President. Dumont Clarke; Treasurer, E. R. Wauokel. (V. 75, p. 48.)
Little Kanawha
.— Parkersburg, W. Va., to Palestine, 30
miles, thence by steamer, 20 mUes, to Creston; total, 52 miles, and
In Aug., 1902, was preparing to build a connecting line under the
charter of the Zanesville Marietta & Parkersbujg RR., with the
Wheeling & Lake Erie RR., from Zanesville, O., to Parkersburg, 80
miles. In Dec, 1902, contract was let for extension from Sandy Bend
to Burnsville, Va., 70 miles. Under the charter of the Burnsville &
Eastern RR. an extension will be built from Burnsville to Belington,
W. Va., 42 miles, itt a connection with the W. Va. Central & Pittsburg
Ry. V 75, p. 288, 1302. A line from a roint on the Monongahela
River near Morgaatown to Buckhannon, about 90 mile?, is also proposed. Stock, $3,000,000 authorized; Issued $.'509,500. In April, 1902,
a syndicate representing the Gould interests acquired the road. See
W. Va. & Pitts, item, V. 74, p. 777. From Nov. 22, 1901. to June 30,
1902, gross, $34,575; net, $8,840.
J. T. Blair, Prest, Parkersburg,
lifttle
Falls
RR
W. Va.— (V.
75, p. 442, 666, 1302.)
RR.—
Little iniaml
Owns Cincinnati. O., to Springfield, O., 84
mUes branch, Xenia, O., to Dayton, O.. 16 miles; leases. Columbus A
XeniaRR., Xenia, O., to Columbus, O.. 55 miles: Dayton <fe West. RR.,
Dayton. O.. to Ind. State Line, 38 m.; Cin. St. Con.RR., 2 m.; tot. 195 m.
Lease.-On Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the contract and
guarantees its faithful execution. Rental Is 8 per cent on $4,943,100
stock and Interest on debt. Lessee's report showp net loss to lessee
In 1897, $230,645. Inj 1898. $222,225; 1899. profit, $54,725; 1900,
$65,989; in 1901 profit, $67,151; In 1902, loss, $92,069. Stock authorized. $8,000,000. Beginning Dec, 1899, I5 per cent extra has been
paid each Dec. and Jun*' from the surplus invested fund, making dividend 825 per cent yearly Of the 3^s. $1,358,000 were, on Jan. 1,
1903, owned by the Fenn. RR.— (V. 70, p. 230; V. 72, p. 44, 184, 241,
1080; V. 74, p. 427.)
Little Rock & Hot Springs 'Western RR.—See Sup. Oct., 1902.
Little Schuylkill Navigation RR. & Coal.- Owns from Port
Clinton to Tamanend and Reevesdale. 32 miles. Re-leased on Deo.
1. 1896, to Phila. & Read. Ry. for 999 years, and rental reduced from
7 p. c on stock to 5 p. c. gold from Jan. 1, 1897; In 1898, 5^3 p. 0.; in
1899, 513; In 1900, 5; in '01, 5^; 1902, Jan.. 2i«p. c July. 3 p c;
1903, Jan., 2^2 p. c Lessee pays taxes and organ, exp.— (V. 73, p. 554,)
Logansport &: Toledo Ry.— Logansport, Ind., to Butler, Ind.,
94 miles. Successor on Sept. 12, 1901, to Eel River RR., sold under
order of Court and purchased in the Interest of the Pennsylvania RR.,
and operated from Jan. 1, ) 902, as a part of the Vandalla system. Fop
year ending Deo. 31, 1902, gross, $192,023; def. under op. exp.. $25.951; int., etc., $62,197.— (V. 73, p. 553. 1010; V. 74, p. 41.)
Long Island RR.—Operates all the steam surface roads on Long
Island, adjoimng New York City, the system including
;
Owns—
Miles.
Leases—
(IT Which see.)
Milet.
Long Island City to Greenport. 95 N. Y. ARockaway Beach Ry.TT 12
Long Island City to Gt. Neck.. 14 Montauk Ext. & N. Y. Bay Ext. 27
Bushwiok to Sag Harbor
99 N ^w York & Rockaway
6
Sundry branches
82 N. Y. B'klyn & Man. Beach If.. 18
Gr't Neck & Port Washington
4
.
Total owned.
Leases
—
290
Brooklyn & Jamaica RR
North Shore Branch RR
10
Total June 30, 1902
396
30 Double track
log
Stock.-$12,000,000; par, $50; of which Penn.RR. owns $6,797,900.
Dividends.- < 1882. '83 to '90. '91. '92. '93. '94. '95. '96. None
Per cent.
1
4 yearly 4ia 5
414
5
i
4
4 since.
Bonds.-The/errw mortgage for $2,750,000 covers aU the real and pep
bonal property pertaining to the company's ferries (34th Street and
James SUp); $1,250,000 bonds being reserved to retire the Metropolitan
Ferry 5s, which were called for payment on May 1, 1903. As to
debentures see page 2 of SorPLEMENT of Ai>ril. 1895.
The unified mortgage (U. S. Mortgage & Trust Co.. N. Y., trustee,) Is
for $45,000,000, secured by a lien upon the entire property, $28,000,000 being reserved to retire aU prior liens, $8,000,000 for change
of motive power to electricity or other power. If deemed advisable,
$2,250,000 for other improvements, and the $4,000,000 remaining,
with any unused balance, for permanent improvements and additions
at not exceeding $400,000 per annum. Bonds are subject to call at
110 In whole or in part on any interest day. V. 68, p. 618. Morts. on
real estate, $448,737. V. 76, p. 266.
GUARANTIES.— in addition to guaranteed bords in table above guarantees 5 p. 0. on $650,000 New York Brooklyn
Manhattan Beach
&
APrtlL, 1903
I
KAILKOAD STCXIK8 AND
BOIfDR.
79
INVESTORS' SUPPLEMENT.
so
RAILROADS.
—
I
1
For explanation of column headings,
on lirst page of tables.
&o., see noteu
.,,.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
INTEREST OR DIVIDENDS.
Rate perl When Where Payable, and by pal,When Due.
Outstanding
Cent.
Payable
Whom.
Si'fcs-LastDlv.
1899 l,000&c $6,860,000
Leased Lines, Principal or Interest Guarantee
L.L RR. N.Sh.Br.cona.M.$l,425,000,gu.p.&l.Ce c*
N,Y. B. &Man. B.lstcon. M.$l,726,000 g.,gu.Ce
N. Y. <teRock. B., Ist M. $984,000, gu. p. <tei.Oe.
P. P. & C. I.. 1st and 2d. (S96.000 2ds) eu. p. & 1.
£0M. d; Arfe.—lstM., $7,000,000, g..>ii c'&r. Text.'
JUouiHana <C Northwest iJA.— First mort., gold
La. Sotith'n— 1st M., g., red. at 105 after 1902 Ce o
Ceo'
Louisiana Western— Ist mortgage, gold.
i
K
Louisv. db Atlantic— l»l mort.. gold, $1,000,000.
Louisville Bridge Oo. Stock
Louis. B. <t St. 1.— let mort., $2,500,000, gold.Mo
Lonisv.di Je^.£r. Co.— $5,000,000,g.gu. p.<fei.,end.e''
NasJiville— Stock, *t)0,000,000
iMuisville
Cecll.Br.l8tM.,Cecil.toLoiii8.,s.f.,dr.atlOO.Uiio''
E.H.&N.lstM.. Hend.toNa8li.,g, dr'natllO.Ce.o*
Lonls. & Nash, gen'l M., gold, drawn at 110.Ce.c*i
L. C. & Lex. 2d m. s. f not dr'n, Louis. to Newp't.o'
Gen. Hiort. L. C. & L., gold (fonuerly 68),l»to.o*
li. <fe N. bds., 8.<k N. Ala. RR., 2d M. as col. g.Un.c*!
Pensacola Dlv., 1st M., gold (dr'n at 105).F..c*
N. O. &Mob. Dlv. 1st M.,N.O. to Mobile, g.F.c*
—
&
>
.
2d mortgage, gold
*c
Sontheast'n <fe 8t. Louis Div. Ist mort., gold....c*
br....o''
2d M.,gold, East St. L. to EvansvUle
&
30
19
....
10
125
36
45
106
101
165
....
46
151
802
175
175
189
45
141
141
208
208
118
let M. (50-vear 5s), $15,000 p. m., gold.U8...c*l
l8t mort. collateral trust ($7,000,000) gold. . Fc*
Unitled mortgage for .$75,000,000. gold.« e.c*<fer Text.
CoU. trust M., call par art. 5 yr8.,$30,000,000, g.
...
8t. Louis property, 1st M., gold, $650,000. S>»t o
a In hands of public; total issued shown In left hand
,
'
1892 $1,000
1885
1,000
1887
1.000
•86-'91
1902
1895
1897
1881
1901
1896
1895
1,000
1,000
1,000
500
1.000
1,000
100
500
1,000
100
1877 $1,000
1879
1,000
1880
1,000
1877 100 &0.
1881
1,000
1880
1,000
1880
1,000
1880
1,000
1880
1,000
1881
1,000
1881
1,000
1887
1,000
1888
1,000
1890 l.OOO&o
1903
1,000
1891
1.000
icolum n; balan
&
,
&
—
$1,772,057 $1,345,642 $1,281,186 $1,311,105
$2,104,745 $1,631,552 $1,557,098 $1,473,103
837,2H0
624,096
860,613
837,280
232,084
202,957
258,700
210,832
322,800
322.800
322,800
484,295
16,962
73,177
4,749
5,440
195,809
100,000
544,256
Net earnings
Total net
Interest on bonds
Taxes
Rentals
Miscellaneous
Reserve fund
8ur.$59,4948ur.$250,073
Balance
President, W. H. Baldwin Jr. Treasurer Is Robert W. Smith, Broad
8t. Station, Philadelphia.— (V. 75, p. 1399; V. 76, p. 158,266, 435.)
IjOS Angeles Term. Ry.— See San Pedro Los Ang.& Salt Lake Ry.
I^oaisiana Ac Arkansas Ry.—rSee Nap.)— Hope, Ark., to Wlnnfleld. La., 148 miles. Extension from Stamps to Hope, 23 miles, being
finished Dec, 1902; also under construction from Wlnnfleld easterly
to Jena, 38 miles, and proposed from Jena easterly to Vidalia, on the
Mississippi River, opposite Natchez, Miss., 51 miles, and from Pacton
southerly to Alexandria, 42 miles. V. 75, p. 1306.
Incorporated in Arkansas June 10, 1902, to extend the charter of
Arkansas Railroad, all of the property of which was
the Louisiana
taken over on Aug. 18, 1902. V. 75, p. 135.
Stock.— Stock (authorized, $2,250,000, outstanding, $1,750,000,
shares par $100) deposited with the Standard Trust Co. of New York.
Voting trustees 10 years: William Buchanan, Edward E. Porter, Benj.
F. Yoakum, Harvey E. Fisk and Charles L. Pack.
&
.
Bonds.— Former bonded debt $600,000
at 6 p. 0. has been paid oflf
25-year bonds Is for refunding, betterments, equip,
and extensions; total authorized amount, $7,000,o00, of which $1,000,000 reserved for bridges across Black and Red rivers, and the balance
limited to $20,000 per mile of completed rauroad. The entire amount
outstauding, but no part, will be subject to redemption at 110 after
Beginning with 1907 a sinking fund of $55,000 xter anSept. 1, 1907
num to buybondsat llOorunder,or,failiDgpurohase8, maybe invested
in savings bank securites.
Gross, $243,131; net, $73,607
Earnings— 6 months. ) 1902
51901
Gross, 234,457; net, 100.732
July 1 to Dec. 31.
Bepoet.— Report for year ending June 30, 1902, was given at length
In V. 75, p. 1299, 1306, showing;
Charges, Balante.
Miles. Qross. Op.ex.dk taxes. Net.
Year—
97 $478,531 $260,072 $218,459 $68,504 $149,955
1902
176,232
140,514
92 316,746
37,157
102,557
1901
Pres.. Wm. Buchanan, Texarkana, Ark.— (V. 75, p. 1 299, 1 306, 1354.
Owns Magnolia, Ark., to a point
lionlrktlana Sc 'Nortltwetit
8 miles south of Bienville trackage. Magnolia, to MoNiel, 6 mUes;
Extension from southerly terminue to Natchitoches,
total, 86 mUes.
further exteusiou proLa., 36 mUes, Is to be completed during 1903
poeed to Crowley, 110 miles.
Issued
authorized
in
October,
1902,
$3,000,000
Stock,
$700,000, par, $100. Loans and bills payable June 30, 1902, $276,521. Trustee of first mortgage bonds. People's Trust Co., BrookThere are also 50-year gold consols at .$7,500 per mile,
lyn, N. Y.
New issue of 5 p. c
UR.—
;
;
;
all
owned by company. Year ending June 30,1902
4g.
,M.
&
S.
N. Y., U. S. Mort.&Tr.Co
Mar.
1,
1919
D.
So. Br.
preferred stock as part rental also 4J^ p. c. on $50,000 P. P.
stock, and 4^3 p. 0. on $82,500 of the N. Y. & Coney Island stock.
FmANCES,— L. I. RR. Terminal Co. Incor. In 1899. See V. 70, p. 39.
In Dec, 1901, the Atlantic Avenue (Brooklyn) improvemert was
^egun, the total cost of the work being estimated aa about $2,500,000, of which one-half will be borne by the city. See V. 72, p 72'2;
V. 64, p. 469; V. 65. p. 512; V. 66. p. 471; V. 73, p. 61S, 1011, 1207; V.
75, p. 135, 342. 1145; V. 76, p. 435.
In Jul\ 1902, contracts were let for the extension of Rapid Transit
tunnel [being constructed by city) from Manhattan under the East
River and thence to Flatbush Ave. Station, Brooklyn. V. 75, p. 30,
Long Island RR. was inIn April, 1902. the Penn. N. Y.
185.
corporated with $20,000,000 stock, to construct and operate by electricity an undergrouud tunnel railroad as au extension of the Pennsylvania RK. system from Jersey City, and thence under the Hudson
River to a central passenger station at 3ad Street and 7th to 10th avenues, and also under the East River to a connection with the Long
Island RR. New York Connecting RR., see V. 74, p. 830; V. 75, p. 1203
Latest Eaenings.—July 1 to Dec. 31, 6 mos. System, 396 miles.
Balance.
Other Inc.
Net.
Charges.
Gross.
6 mog.
$431,951
$854,167
1902
$3,543,820 $1,142,171 $143,947
510,790
1,206,972
164,661
860,843
3,303,069
1901
ANNUAL Report.— Report for 1901-02 was in V. 75, p. 1145.
1899.
1901.
1900.
Tear ending June 30- 1902.
$5,883,607 $4,862,347 $4,557,259 $4,622,475
«ros8 earnings
3,311,370
3,276,073
3,516,705
Operating expenses.. 4,111,550
;
Bowrts— Prlncl-
Amount
l^ng Island— (Concluded)—
UnifledM..$45,000,000,g. call 110 U8m....0A;r
LXXVI-
P70L.
(86 miles), gross,
$154,331; net, $75,676; Int., taxes, rentals, etc., $59,609; bal., surplus,
$16,067. Gen. Man., J. D. Beardsley, Glbsland, La.— (V. 73, p. 957.)
Lonlslana Southern Ry.— See page 172,
IjOUlHlana Al'eatern lilt.— {See Map of Southern Pacific.)— Ovtdb
from Lafayette, La., to Sabine River, 106 miles; Midland to Eunice;
24 miles; Midland to Abbeville, 34 miles; fotal, 164 miles. Operated
Independently, but In connection with Southern Paoiho Co. system,
which owns all the $3,360,000 stock.
1,425,000
5g.
al,601.000
5 g.
a 883,000
5 g.
4I2
436,000
1,500,000
5 g.
100,000
250,000
5 g.
2,240,000
1,000,000
1.500,000 See text.
2,200,000
3,500,000
4 g60,000,000 5 in 1902
260,000
7
1,785.000
6 g.
8,911,000
6 g.
7
892,000
3.258,000
4:h g.
dl,926,000
6 g.
6544,000
^«5,000,000
6 g.
1,000,000
3,500,000
3,000,000
gfl,749,000
5 gg4,940,000
5 gb30,095,000
4 gSee text
4 g.
617,000
5 goe under uni fled mort
^^
!'
do
do
do
do
Q.-J.
& O.
M. & 8.
8emi-an
M. & 8.
J. & J.
M. & S.
A.
J.
<fe
M.
<$c
F.
J.
<fe
A.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
M.
<fe
M.
F.
M.
J.
J.
A.
M.
A.
M.
J.
J.
M.
M.
M.
M.
J.
<fe
&
N. Y., Fist
N.Y., Boody,
do
do
do
do
Robinson.
Oct. 1. 1932
Oct. 1, 1935
Sept. 1, 1927
McL.& Co.
Jan.
1926-1931
1,
1,
1,
1,
1927
1945
1950
1921
1941
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1907
1919
1930
1907
1931
1910
1920
1930
1930
1921
1980
1937
1931
1940
1923
1916
Sept. 1.
N. Y. R. Winthrop <fc Co. Mar.
N.Y., 8. Pac.Co., 23 B'rd July
N- N. Y., Knick. Trust Co. May
Louisville, Ky.
A.
See text.
J. N. Y.,Bk.of Am.& Louis.
Jan., 1946
S. N.Y.,J.P. Morgan* Co. Mch. 1, 1945
A N. Y., 120 Broadway. Feb.9,'03,2ifl
,
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
8.
D.
D.
O.
N.
O.
8.
J.
J.
8.
8.
N.
N.
J.
New
O.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
York.
Moh.
Deo.
June
Oct.
Nov.
Apr.
Moh.
Jan.
Jan.
Moh.
Mch.
May
Nov.
July
Apr.
Loul8, St. L. Tr. Co. Moh.
d, e, f, K, see foot note on next page.
8. St.
Earnings.— 7 months,
> 1902-3
Gross, $1,168,164; net, $512,932
July 1 to Jan.. 31.
51901-2 .Gross. 1.133,388; net. 520,897
In year ending June 30, 1902, gross, $1,969,888; net, including other
income, $942,131; aurp. over charges, $769,291; amount of net profit
due this company as per lease, $812,182.— (V. 74, p. 268.)
Louisville
At. RR.— Versailles, Ky., to Beattyville Jet 101 m.,
of which Miller's <;reek to Beattyville, 28 miles, opened in Dec, 1902.
Extension of 55 miles proposed to connect with the Norfolk & Western.
Incorporatedin July, 1899, as successor of the Richmond Nlcholas<^lle Irvine <fe BeattyviUe RR.; sold under foreclosure May 1, 1899.
V. 71, p. 236. Stock, $1,000,000; par $100. Bonds, see table.
Year
ending June 30, 1902 (76 miles), gross, $150,237; net (operating expenses, including $35,508 paid for new equipment), $6,724; interest,
$38,094; taxes, $3,168; balance, def., $34,538. President, James P.
Amsden; Sec, E. M. Wallace. Office, Versailles, Ky.— (V. 71, p. 236.)
Loaf svlile Bridge Co.—Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 mUes track additional in Louisville.
Used by several railroads, P. C. C. & St. L. Ry., Louis. & Nashville, etc. Surplus earnings are paid back to roads using bridge.
STOCK is $1,500,000 Penn. Co. owned Jan. 1, 1903, $900,000. Dividends, 1896, 6^ p. c 1897, 7 p. c; in 1898, 6 p. c; in 1899, Feb., 3
p. o. In Mar., 1903, the Court decided that the minority stockholders
were entitled to 8 p. c dividends since 1896. (V. 76, p. 705.) In
July, 1900, paid 8 p. 0. dividend tor the first half of 1900 and last half
of 1899; May, 1901, 3 p. c; Oct
Mar 25,
3 p. c; Oct., 1902, 5 p. c
1903, 3 p. 0. In 1902, gross, $306,252 net over taxes, $154,391.—
&
,
;
;
,
;
;
(V. 74, p. 481; V. 76, p. 705.)
Louisville Evansville & St. Louis RR.— See Southern Ry.
Louisville Henderson & St. Louis Ry.— Road.—Louisville
to Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
21 miles, is trackage; owns also Irvingtonto Fordsville, Ky., 44 miles.
History.—A reorganization June 1, 1896 (per plan in V. 62, p. 138),
of the Louisville St. Louis & Texas, sold in foreclosure.
Securities.— Stock, common, $2,000,000; preferred, 5 p.o. non-cum.,
$2,000,00u. The stock is to be held by John J. McCook, Brayion
Ives and Oscar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote ot trustees. See terms V. 62, p. 138.
Of the bonds .S300,000 are reserved to build to Louisville.
Earnings— 7 months,
Gross, $479,625: net. $159,737
S 1902-3
Gross, 412,930; net, 108,634
July 1 to Jan. 31.
< 1901-2
Report for year ending June 30, 1902, was in V. 75, o. 1199, showGross, $696,064; net, $180,294; improvements, $37,941; intering
In 1900-1,
est, $110,000; taxes, $16,000; balance, surplus, $16,353
gross, ;$668,484; net, $198,282.— (V. 73, p. 442;V. 75, p. 1 199
Jeflersonvllle Bridge Co.— One-half mile long
Louisville
and the approaches one mile; opened for all business Jan. 1. 1896. The
company also owns about 40 acres of land in Louisville and 100 acres
in Jeflersonvllle. The Big Four and Chesapeake & Ohio use the
bridge. Capital stock is $1,425,000; par, $100.
Bonds.—The mortgage of 1895 is for $5,000,000 (trustee U. 8. Trust
Co. of N. Y. and Union Trust Co. of Indianapolis); bonds for $1,500,000
are reserved for future construction, etc.; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. & St. L. roads. In whose Interest the entire stock is owned. See V. 61, p. 559. In Apr., 1903,
earnings snlflced to meet both expenses and charges.- (V. 62, p. 84.)
Nashville RR.— («See 2fap.)—ROAD.—Operates main
Louisville
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
Mo.,
Memphis,
Louis,
Tenn., etc., 2,471 miles, making total systo 8t.
tem proper June 30, 1902, 3,392 miles. The system Includes
Reported separately.
Miles.
lAnes owned absolutely or
Miles. TlNashvtUe Chatt. <fe St. Louis.. 942
through capital stock
185 it Georgia Railroad system
Louisville toNashville
626
2,938 lIAtlanta Knox. & Northern. .228
Sundry other lines
Operated for other co's
Lines leased, <6c.
52
189 Owned but leased to other oo's. 21
HSouth & North Ala. RR
10 Do. Paducah & Mem. Dlv
254
^ Henderson Bridge
70 Birm. South (half st'k owned). 27
Otherlines
D See this company.
Total of aU June 30, '•2.. 5,542
3,392
Total system proper
In Feb., 1902, told Cecilia Br.. 46 m.^ for $1,<'00,000. V. 74. p. 326.
In Apr., 1902, acquired control of the Atlanta Knoxville & Northern
Ry., Knoxville, Teun., to Marietta, Ga., 205 miles, with 25-mile branch
and trackage to Atlanta, Ga., 20 miles, and In Oct., 1902, was building a
connecting line from Jellico, Tenn., to Knoxville, 65 miles, giving the
L. & N. a direct line between Cincinnati and Atlanta. V. 74, p. 775; V.
75, p. 1038. The YeUow River RK., V. 75. p. 1202.
ORGANIZATION. &c.— This Company was chartered March 2, 1850, and
:
)
&
&
opened between Louisville and Nashville November. 1859. For securities owned and In sinking fund see V. 75, p. 1040, 1042.
Control by Atlantic Coaul Liiu.— Late In 1902 the Atlantic Coast
Line RR. acquired a miyorityof the stock (^^z., $30,600,000 of the
$60,000,000out8tandlng),butthe roads will be operated independently.
V. 74, p 830, 1038; V. 75, p. 733, 1399.
STOCK.— Increase from $"<5,000,000 to $60,000,000 authorized in
1893.— V. 57, p. .596. 809. In April, 1902, the $5,000,000 stock wa«
issued for Atlanta Knoxville & Nor. Ry. and extension. See above.
Oiv.—
P.O.
)
J
'83-'87
'88
'89
Non«. 6«tk.58tk
'90 '91 '92 '93 •94-'98 '99 '00 '01 '02
»
5
4
4 None.
Sifl
4
5
'03
5 Feb., 2i
I
April,
RAILROAD STOCKS AUB BONDS.
1903.]
81
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PtLlon
MAP OF TETB
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
\
I
Tallahassee
o
Oak
INVESTOBS' SUPPLEMENT.
ss
RAILROADS.
Miles
Date
Size, or
Amount
of
Pai
For explanation of column headings, &c., see notes of
Road. Bonds Value. Outstanding
on first page of tables.
&
X^a8hville—(V07icluded)—
<fe Mont. joint bds., let M., g.Ce.o*
c*
Pens.&At. l8t M..gold,s.f.,dr'n at 110 assumed.
Kentucky Central— Maysvllle & Lex. RR. mort.
Louisville
L.
179
160
49
220
105
189
189
189
& N. and Mob.
.
o*
New mortgage ($7,000,000) gold Mp
Kashv. Flor.A: Slieff.. Ist M.,g.,a88U.inl900.Ce.c
So. & No. Alabama, Ist mort., to be paid May 1..
$2,000,000, (owned by L.&N.)
Consol. mort. (for $10,000,000), g., guar.Ce.c*
L. & N.-So. joint M., $1.'.. 500,000, red. af.'07.c*A;r
Louisville New Alb my <6 Chicago. See Chicago
Lylietis Fa/few— Stock. Rental pays 5 per cent
Mown c6 Birming.—\&X M., $500,000. gold.OB...O
3facon i>u6. ce Sat>.—lstM., $1,500,000 g.,red.at 110
Maine Centra?—Stock and scrip ($l2,0l;0,000)...
c&r
Ist consol. mort. ) ($269,500 58)
o&r
$9,000,000
5 ($3,265,500 48)
Collateral trust bonds for Mt. Desert Branch A Bo
Sinking fd. 10-208, gold, old 68, ext. Feb. l.'95..c
Improvement bonds," A," gold, notmort., e. f.NB
2d M., gold,
s.f..
INDI ANAPO LIS
20
97
94
I
"B"cur.,notmort., 8. f.BB
do
Do
Me. Cent. Eu. & No. Am. refunding mort., gold...
Ist M. Penobscot Shore Line RR. Co., assumed.
K. & L. 2d mortgage (tor $400,000) assum.BB
European <fe N. Am. stock, 5 p. c. rental 999 years
Portland & Ogdens. stock (2 p. c. rental, 999 years)
Con. M., ($800,000 are 31^28) gu p. & i.end.BB.c
Portland Un. Station M.,8er. "A" & "B" text s. f.
Dexter ifePiscataquis stock 5 P.O. rental 999year8.
Ist M., Dexter to Dovei, etc., guar, by end.BB
are pledged to secure collat'l
f $15.000,
e $36,000.
a$ 189,000,
b Also $16,659,000
d $34,000.
& L
20
1896
1901
1,000
1,000
100
,
&c.
304 51872 100
n872 100 &c.
41 1883
1,000
1885
1,000
1886
1,000
1887
1,000
56 1893
1,000
48 1890
1,000
48 1891
1,000
120
100
109
100
109 1888
1.000
"l7
17
1887-9
1,000
1889
1.000
100
;
In treasury or deposited to secure the coll trust 48 of 1903, $1,017,000
In sinking funds and $325,000 deposited to secure payment of Cecilia
branch bonds. Total listed on N Y. Stock Exchange In Apr., 1903,
$29,677,000. See V. 74. p. 577.
Louisville Cincinnati A Lexington general mortgage bonds are
now limited to $3,258,000. V. 63, p. 1010.
Mobile <t Montgomery— Louisville <£ Nashville joint mortgage is for
$5,000,000, a first lien on 178is miles MobUe to Montgomery; $1,000,000 reserved for Improvements. V. 61, p. 196, 750.
Kentucky Central mortgage abstract V. 45, p. 372.
Pensacola <£ Atlantic first mortgage bonds (assumed) are gradually
being called for the sinking fund at 110.
St. Louis terminal property bonds cover freight terminals.
The collateral truU 48 of 1903 ($30,000,000 authorized issue) are
N. unified 4s (and will be
secured by deposit of $16,659,000 L.
secured by $7,341,' 00 adiitional as received during 1903), $4,779,( 00
Memphis division bonds, the latter covering the
N. Paducah
L.
road from Paducah, Ky., to Memphis, Tenn., 254 miles: $2,500,000 L.
& N. Terminal Co. 4s (V. 75, p. 1354), $4,221,000 South & North
Alabama 58 and $^00,000 Pensacola & Atlantic 6»; total $36,640,000
bonds. A proportionate amount of the collateral may be withdrawn
at any time on delivery to ihe trustee of not less ttian $1,000,000 of the bonds. The proceeds of the $23,000,000 to be issued in
1903 will be used to take up the $7,500,000 collateral trust 48 paid oflf
April 1. 1903, and the $045,400 South & North Alabama Ist 68 due
May 1, 1903, and for other corporate purposes. V. 76, p. 435,480,542.
Of the $15,^00,000 Louisville & Nashville-Southern Ry. joint bonds
of 1902, $687,700 are reserved to acquire the remaining "Monon"
Stock and $2,110,000 for improvements and enlargements of the
"Monon" at not over $500,000 yearly.
Finances.— Since July 1, 1894, the " construction account"
has been closed. Amount of permanent improvements charged In
operating expenses in 1901-2 was $1,487,277; in 1900-1, $l,474,f>03.
Nashville and the Southern Railway acIn 1902 the LouisvDle
Louisquired $9,696,900 of the $10,600,000 Chicago Indianapolis
Tille common and $3 800,000 of the $5,0u0,000 preferred stock in exchange for their joint 60-year 4 per cent bonds on the basis of 78 for
the common and 90 for the preferred st ck or optionally 60 per cent
of the purchase price in cash. V. 74. p. 1138; V. 76, p. 593.
EaknIngs.— For half-year ending Dec. 31, partly estimated:
Otfi. inc
Charges,
Balance
Gross.
Set
b mos.
&
&
&
&
$17,442,291 $5,863,226 $520,510 $3,165,219 $3,218,517
510,074
2,327,464
4,889,506
3,072.110
15,171,427
Dividends of 2 ^j per cent call for $1.50 ',000 in 1902, against $1,375,000 in 1901, leaving surplus of $1,718,517, against $'^52,464 In 1901,
For 8 mos. ending Feb. vjS. 1 03. gross, $23,326,511. agst. $20,297,832; net, $7 828,634, agst. $6,646,767.
Repokt.— Annual meeting is held In Louisville the first Wednesday
in Oct. Report for 1901-02 in V. 75, p. 1027, 1035; see also p. 1004.
1901.
1900.
1899.
1902.
Year end. June 30.
3,327
3,169
3,007
2,988
Average mileage...
FrelKht earnings.... $22,772,176 $20,419,162 $20,699,779 $17,100,715
4.90S,584
6,217,H03
5,742,681
5,238,314
Passengers
1.860,464
1,804,286
1.753,1 87
1,722,278
Mail, express, etc..
Gross earnings.. ..$30,712. 257 $28,022,207 $27^742,379 $23,759,485
20 902,438 18,233,033 18,603,406 15,731,587
Oper. expenses
9,789,176
9,138,973
8,027,898
9,809,819
Net earnings
9.789,018
8,068,543
Net, incl. invs'ts., &c 10,810.841 10,493,861
$813,538
$785,568
$832,074
$735,330
Deduct— Taxes
4,996,612
6,151,736
4,971.702
4,987,018
Interest and rent...
12,687
3,641
Loss on other roads..
118,574
253,690
94,744
125 ,'3 4 2
Adv'sto8.&N.A.,eto
128,900
130,270
127,180
141,100
Sinking f 'd paym'ts
(5|2.875.000(5) 2.695,00 0(4)2, 112, 000( 3^8)1848000
Dividends...
$778,900
Burp, over dlvld'ds. $1,850,307 $1,586,113 $1,507,237
Officers.— Chairman, August Belmont,N.Y.; President, M.H.Smith,
LoulsviUe; 2d Vice-Pres., A. W. Morriss; Treasurer, W. W. Thompson;
Secretary, J. H. Ellis, Louisville: Assist. Sec. and Assist. Treas., E. L.
Smithers, 120HroadwHy, N. Y. Directors, Dec, 1902, V. 75, p. 1354.
(V. 76, p. 212, 331, 435, 480, 542, 593, 705, 752.
Coal Co.— Owns from Millersburg.Pa., to
Lykeiift Valley BK.
WilUarHStown, Pa., 20 miles. New lease to Northern Central made
April 20, 1896, terminable on 60 days' notice by either party. Rental
1902
1901
.
&
$35,000per annum.— (V. 64,
p. 330.)
Cent.
Payable
4Ja g.
M.
6
7
4
5
F.
g.
F.
J.
<te
F.
6g. M.
Og. A.
4
g.
»&
&
&
&
&
&
&
&
J.
J.
g.
g.
J.
J.
A.
N.
O.
A.
J.
.Bo/id«— Prinolpal, When Dae.
Slocks— l,a&t
WTiom.
Dividend.
N. y., 120 Broadway.
S.
A.
ODI8VILLE.
600,000 Sin 1902 Q.-J.
500,000
5g. J. & J.
1,410,000
%'• J. & J.
4,977,000
Q.-J.
4.193,500
5&7
A. & O.
4,790,500 4&4I2 A. & O.
669,000
5
J. & D.
F. & A.
600,000
4I3 g. J. & J.
200,000
250,000
J. <Sc J.
41a
1,000,000
4g. J. & J.
4
F. & A.
1,300,000
F. & A.
400,000
5
5
A. & O.
2,494,100
2
Q.-P.28
4,392,538
2,119,000 313 & 5 M. & N.
300,000
4
J. & J.
122,000
5
J. & J.
175,000
4
J. & J.
trust bonds of 1903.
Additional amounts
i$823.000,
k $10 0,000.
j $42. 000,
In 1890. of the 6 p. c. paid, 49io p. 0. was in stock.
Bonds.—The Evaiisv. Render. <e Nashv. bonds are drawn at 110 by lot
annually in October, for payment Dec. 1 in amounts Increasing eaoli
In 1902, $55,000.
five years until $150,000 per year is finally reached
The Pensacola Division bonds are subject to a drawing slnkliLg fund
S5,000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds of 1880 are called at 110 in increasing
amounts each year; ;p327,000 were paid June 1, 1903. V. 76, p. 7**5.
In June, 1890, the "unitied" mortgage (trustee. Central Trust Company) for $75,000,000 was authorized, $41,917,660 bonds being reserved to retire all prior liens (none of the prior liens can be extended),
the balance for improvements, extensions (at the rate of $32,000 per
mile, including equipment), and for other purposes. The mortgage covers (besides 1,292 miles of road and its equipment) $25,992,535 stock
of companies controlled, and $3,150,000 bonds free from any lien. See
abstract of mortgage in V. 51, p. 613; also V. 72, p. 1034, 1188. In
Apr., 1903, company reported $4 6,444,000 issued, of which $17,28«,000
&
INTEREST OR DIVIDENDS.
Rate per When Where Payable and by
1895 $1,000 $4,000,000
1881
1,000
11,697,000
1876
1,000
400,000
1887
1,000
j 6.700,000
1887
1,000 kl,996,000
1873
£200
£645,400
1880 $1,000 Own. L. & N.
1886
1,000
$4,771,000
1902 l.OOOAc 11,683,000
LXXVI.
[Vol.
I
do
do
do
do
N. Y., 120 Broadway.
do
do
Lond., Baring Bro8.,L'd
N. Y., Office, 120 B'way.
N.Y., Office. 120 B'way.
N.Y^.l P. Morgan & Co.
Sept. 1,
Jan.
j
July
j
May
Apr.
Aug.
July
1,
1,
1,
1,
1,
1,
1,
1,
1946
1921
1906
1987
1937
1903
1910
1936
1952
I
:J.
Y., Office, 13
Wm. St.
Apr., '03, 114%
Boston, Old Colony Tr.
N.Y., 1st N. Bk. & Chic.
Portand, Me., Office.
) Boston, 2d National
5
Bank & Portland X
S
July 1, 1946
July 1, 1951
Apr. 1,'03, li«
Apr. 1, 1912
Apr. 1, 1912
Bost., Am.L.&Tr.; Port. June 1, 1923
Portland Tr. Co., Port. Feb. 1, 1905
Bo8.,2d Nat'l Bk.; Port. July, 1916
do
do
July, 1917
Boston and Portland. Jan. 1, 1933
Boston, Sec. Nat. Bk. Aug. 1, 1920
do
Feb. 1. 1921
do
Bangor, Treas. Office. Apr.15,'03,2^
Portland, Me. Cent. Of. May 31, '03, ^
Bo8.,2d Nat'l Bk. & Port Nov. 1. 1908
Portl'd, Me., & Boston. J'ne 27,Jan.29
Dover, Me., Office.
Jan., '03, 2i«%
Bos., 2d Nat'l Bk., Port. July 1, 1929
were o wnedbythe Co.on July
1,
1902,
viz.:
'
ITIacon & Birinlii«;liaiii By.— Owns Sofkee Junction to La
Grange, Ga., 97 miles; trackage Sofkee to Macon, Ga., 8 m.; total, 105
A
reorganization of Macon & Birmingham RH. foreclosed in '95.
mos., ) 1902-3
Gross, $104,127; op. def.. $6,534
July 1 to Feb. 28. U901-2
Gross.
87,438; net,
9,178
In year 1901-02 gross, $126,004 net, $708; taxes $4,807; Int. on
bonds. $25,000, not paid.— (V. 62, p. 1040.)
Savannali
ITIacoii Bnblin
See page 172.
Line of road, Portland to Vanoeboro, Me., via
malne Central
Augusta, 251 miles branches. Cumberland Junction to Skowhegan,
via Lewlston. 91 miles; Bath to Lewiston and Farmington, 76 miles;
branches— Belfast, Dexter, Buoksport and Mt. Desert, including ferry,
(7-7 miles), 132 miles; Portland & Ogdensburg Ry., Portland, Me., to
Lunenberg, 110 miles small branches, 7 mUes; Upper Coos and Hereford railways, Lunenberg, N. H., to Lime Ridge, Quebec, 108 miles;
Bath to Rockland (including steam ferry, 6-10 miles,) 49 miles; total,
824 miles, of which 395 miles owned, 388 miles operated under 999
year leases, and practically owned; 33 miles operated under 50-year
leasee and 8 miles ferry lines.
Stock.— Stock for $2,516,000 owned by Boston & Maine. V. 72, p. 988
Dividends.— 1884 to Jan., 1903, 6 p. c. yearly.
Bonds.— There are also $81,000 Maine Shore Line 68, due 1922
also $114,500 Belfast & Moosehead Lake mortgage bonds, due 1920,
not guaranteed, interest and sinking fund paid out of the rental;
Androscoggin * Kennebec stock and bonds, $11,000, exchangeable
for M. c. stock. Jointly with B. & M. guarantees $300,000 Port.
Union Station bonds.
annual Repokt.— Report for 1901-2 was in V. 75, p. 1028. Operating
expenses in 1901-02 include $637,796 extraordinary expenses,
against $114,928 tn 1900-01.
1900.
learsena.June30: 1902.
1901.
1899.
Gross earnings. $6,1 94,305
$5,826,401
$5,612,923
$5,022,098
1,666,717
Net earnings.... 1.425,166
1,711,248
1,617,037
153,857
134,535
85,744
Other income...
81.071
Net income. $1,579,023
$1,801,253
$1,796,992
$1,698,108
Interest
$604,222
$643,110
$584,870
$599,365
miles.
Earnings.— 8
;
&
BB.—
BR.—
;
;
'
Rents
545,876
592,922
646,526
647,090
Dividends
298,566
298,554
298,544
298,531
29.440
29,440
Sinking fund...
29,440
29,440
200.000
153,467
Charged ofl
70,003
_
BaL,SUTp...
$62,031
$76,115
$84,146
$53,679
-(V. 72, p. 988; V. 73, p. 442, 1007; V. 75, p. 609, 1028.)
ITIauctaesterdc Liaw rence BB.—Owns from Manchester, N. H.,to
Methuen (State Line), 7ZH miles. Leased for 50 years from September
1, 1887, to Boston & Miine at rental paying 10 p. o. dlv. In 1895 a
div. of 50 p. 0. paid from proceeds C. <fe M. suit.- (V 73, p. 1264.)
inantaattaii By. (Elevated).—Road— Owns all the elevated rallroadB in borouKhs of Manhattan and the Bronx, N.Y. City, main line
—
and branches. 37^2 miles, doubled-tracked, including extension of l^s
miles, to Fordham. completed in 1901, with 14 mUes additional third
track, s'dings, etc. V. 70, p. 176. 633. In Oct '02, began using thirdpall electric system on the 2nd, 3rd and 6th Ave. lines and in Nov. on
,
9th Ave.
V. 75, p. 733.
Lease.—The Interborough Rapid Transit Co. leasses the road for 999
years from April 1, 1903, the rental from April 1, 1903, to Jan. 1, 1906,
to be 6 per cent per annum on the stock and 1 per cent additional if
earned, and after Jan. 1, 1906, 7 per cent; also $10,000 yearly for expenses of organization. Of the $12,000,000 new stock authorized in
Jan., 1903, $7,200,000 was subscribed for at par by stockholders; the
is not to be issued prior to Jan., 1906.
V. 75, p.
1202, 1254, 1302; V. 76, p. 212; also Interurban Rapid Transit Co., V.
76, p. 101. Form of guaranty, V. 76, p. 4-0.
Stock.—Increased in 1899 from $30,000,000 to $48,000,000 for
electrical equipment, etc, and In Jan., 1903, authorized to be Increased
to $60,000,000. See also "lease" above. V. 68, p. 2J2, 282,380,428,617
BovT>B.— Consolidated mortgage (trustee, Central Trust Co.) is limited
on present mileage to $40,000,000, and wUl provide for prior bonds
when due. Amounts beyond $40,000,000 may be Issued for extensions
at the rate of $30o,000 per mile of single and $600,000 per mile of
aouble track. (See abstract of mortgage in V. 51, p. 248, and application to New York Stock Exchange in v. 52, p. 353.)
To May, 1898, claim* aggregatmg $8,847,854 had been paid as damages to abutting property and other cases were before the courts. See
Chronicle, V. 66, p. 954, and V. 67, p. 789. Personal property tax
assessment, see V. 66. p. 954; V. 67, p. 222; V. 68, p. 1282, and V. 71,
p 1120, Taxes In litigation Jan., 1903, per balance sheet, $2,134,547, of which about half paid under settlement in Jan., 1903. V. 67,
p. 1053; V. 76, p. 212.
Dividends.— ) '87 '88 '89 '90-96 '97 '98 '99' 1900 '01 '02 1903
5
5»«6yrly. 412 4
4
4
4
4 Below.
Since '86. P.Ct. S 6
In 1903, Jan. 1^ p. c; Apr., 1% p. c. for 3 mos. ending March 31,
190S, and 1 p. c. additional for the 9 mos. ending on that date; V. 76,
remaining $4,800,000
p. .542.
As to dividends payable under lease, see above.
Earnings.- For 6 months ending Dec. 31:
6 mos.
Gross.
1902... $5,706,485
1901.... 4,931,424
Net.
$3,011,908
2,214,323
0th. %nc
$146,575
392,575
Int., tax., etc.
$1,392,723
1,385,486
Balance.
$1,765,760
1,221,412
I
L
April,
1903.J
EAILROAI) STOCKS AOT) BONDS.
SUPPLEMENT.
INYESTORS'
84
RAILROAUa.
Date
Miles
Size, or
of
Par
of
For explanation of column headings, &o., see notes
Road. Bonds Value.
on flrst page of tables.
Maine Oenlral—( Concluded)—
Hereford R'y stock (4 p. c. rental for 999 years)
let mortgage, guar. p. A 1. (endorsed)
Upper Coos BR. stock, 6 p. c. rental 999 years.
.
let mort., guar. p. & 1. (endorsed)
Extension M., $21,000 p. m.. giiar. p. <fc l.(end.)
Dexter & Newport, stock, 5 p.c. from Nov. 25, '98
Ist M. (old 68 refund, in 1897) gu. p. & 1. end.*
Eastern Maine, stock, 413 p. ct., rental 999 years
l£a»ic/ies. te
-Law.— Stock.lO p.c.ren'l tilll937,B.&M.
Real estate bonds (not mort.) int. gu. by B.A M-c
Uanhattan Elevated— Consoh stock, $60,000,000..
Metropol. El. Ist M., $600,000 p. m., ass'd.g.Cp.o*
N. Y. El. deb., secured by oonsol. mort. of 1890..
Manhattan Elevated consol. mort., erold.Ce.o*&r.
Manis. Miirq.
Jfan.
rf
<£
Pikes'
Iforth'n-lst M.. $1,500,000, gold.
Peak By.- IstM., $500,000,
M
g.
Wp
c
, $250,000, gold.K
Marietta Vol. cC Clevel'd-lBt
Mar. d PhoRuix <6 S. Riv. V. RR.-M.&T?. IstM. g..o
M.&P.& S.R.V.M.,g., $750,000 (V.67,p. 1357). y.c
Maryland <t Pen?i.— York & eeach Bot. M. (text)
Ist mort.. $1,200,000, gold, call at 105.Mel»a.o*
Inc. M., $900,000, 4% cum., call at par.MBa...
3fa««aujtppi— Stock guar, same div. as Conn.&Pass.
1890
1,000
1890
1890
1,000
1,000
100
1897
'"ibo
100
1892
"37
18
32
32
53
9
49
34
43
40
84
84
37
23
1,000
100
1878
1886
1890
1902
1891
1900
1886
18»5
1882
1901
1901
A
&$
1,000
l.OOOifec
1,000
1,000
1,000
1,000
1,000
1,000
"i'oo
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
2dcon.inc.$6,460p.m.red.at50%toAug.'29ABo* 2,689
Registered income bonds and scrip, unassented.
Equipment bonds, $50,000 called yearly at par.,
do $50,000 y'lyAug.l); rel 102i2beg.'100B.o*
ColLtr. bonds, g., sec, by cons. 46, call par.MSio*
manliattan Ry.— (Concluded.)
ANNUAL Report— Report for year 1901-02 was given
in V. 75, p
Ist cons. inc. &8crip,n.-oum.($9,600p.m.),g.ABc* 2,689
495. and report for year ending Sept. 30, 1902, in V. 75, p. 1085.
1901.
1900.
1902.
Year ending June ZO—
$9,416,887
$9,138,573
$10,665,911
Gross earnings
4,163,658
3,905,953
5,147,326
Net over operating exp
831,325
836,383
625,800
2,707,765
2,699,671
2,677,706
....( 4)1,920,000 (4)1.920,000 (4)1,920.000
Dividends
Balance after divldend8.8ur.$l, 153,455 8ur.$402,335 sur.$109,513
Yr.8ep.30. Passengers. Yr.Sep.30. Passengers. Yr.Sep.30. Passengers.
1896-97.. 183,184,641 1898-99-- 177,204,558 1900-01.-194,152.316
1897-98.-179,728,356 1899-00.. 183.788,851 1901 02 223,427,283
(V. 75, P. 1302,1354; V.76, p. 158,212, 382,480, 542, 705, 752.)
Manlstlque, Mich.,
mcanistique Marquette Sc Nortlierii
on Lake Michigan, northerly to Shingleton, on the Duluth So. Shore &
Atlantic, 40 miles, with branch to McNeil's. 13 miles; V. 75, p. 185;
formerly the Manistlque «fe Northwestern Ry., purchased In April,
To operate a ear ferry (to be opened July, 1903) between Man1902
lstlque and Northport, on the Traverse City Leelenau & Manistlque
RR to be built from Northport to Traverse City, 30 miles, as an extension of the Grand Rapids & Indiana Ry. V. 74. p. 776; V. 76, p. 810.
STOCKS, BONDS, Etc.— Stock, $2,000,000, aU outstanding. The unissued 5s of 1902 (authorized issue of $1,500,000; Union Trust Co of
Detroit, mortgage trustee) are applicable to an additional car ferry,
equipment, improvements, etc. V. 75, p. 185. For year ending Dec. 31
1»02 earnings including operations for 4 mos. to May 1 by Man. <te
Northw.Ry. were: Oross earns., $112,871; net, $37,222. President, R.
R Metheany; Vice-Pres. and Treas., D. W. Kaufman; Sec'y, B. B.
Metheany.— (V. 75, p. 810, 864.)
V. 73, p. 900.
Manstield Savannah &. Hfellington
Manitou Pike's Peak Ry.—See page 172.
See p. 172
maricopa «k Phoenix &. Salt River Valley
See page 172.
Marietta Columbus «t Cleveland
Maryland Pennsylvania KR.— Baltimore, Md., to York, Pa
80 miles, with branch. Delta to Peach Bottom, 4 m.; total 84 miles A
consolidation early in 1901 of the Baltimore & Lehigh RR. and 5fork
Southern RR. per plan V. 72, p. 339.
Stock and Bonds.- Stock authorized, $3,600,000, of which $1,997,500 reserved for future requirements. In 1902 the authorized issue of
the first 4s waa reduced from $2,700,000 to $1,200,000, of which
$250,000 are reserved to retire the York and Peach Bottom 5s and
$400,000 additional for future purposes. V. 74, p. 94, 427. York and
Peach Bottom, Series "A," bonds are for *47.500, interest A. & O.; "B"
bonds for $202,450, Int. M. & N. In 1901 3 per cent paid on Incomes;
in 1902, 4 p. c
Earnings. For 11 mos. ending Jan. 31, 1903, gross, $264,744; net,
$76,164.
Report.— Report for year ending Deo. 31, 1902, in V. 76, p. 477,
showed: gross. $280,093; net, $76,640; Int. on bonds, $70,498; bal.,
BUT., $6,142. Pres., John WUson Brown.— (V. 76, p. 477.)
'See Map Chicago Great
Mason City Ac Ft. Dodge
ire»ter»t.)—Own8 roaa from Mason City, la., CO Lehighjla., 88 miles,
and branch, 4 miles. In Mar., 1901, Chicago Great Western interests acquired all the stock and bonds, and extended the Une northMason City to Manly Junction, 10 mUes, and
erly from
from Hampton to Clarion, 30 mUes, at connections with
the Chicago Great West also in 1902 being extended southwesterly
to Omaha (to be completed during 1903), and west to Sioux City,
about 250 miles additional; the two O. G. W. branches from Hayfleld,
Minn., to ManlyiJct.,Ia., 49 miles, and from Waverley to Hampton, la.,
42 miles, transferred In Mar., 1902, to the M. O. & Ft. D. Railway will
extend the road as thus proposed eiisterly to the O. G. W. main line. The
road is operated as a part of the C. G. W. system unaer an agreement
dated Apr. 1, 1901, running for 100 years, providing that all net earnings above 4 per cent Interest on new bonds <:o be issued shall go to the
latter the'stock to be exchanged for Chic. Gt. Western common stock,
dollar'for dollar. V. 73. p. 566, 616, 722. In Dec, 1902, new stock and
bonds had not been issued, in year ending June 30, 1902 (102 miles),
gross, $297,720; net, $155,218; taxes, $10,800.-(V. 73, p. 616.)
Massaivlppl Valley Ry.— Province Line to LenoxvlUe, Que., 34
miles with branch, 3m trackage to Sherbrooke, Que., 3m.; total, 40
miles' Leased for 999 years from July 1, '70, to the Connecticut & PasBumpsic Rivers KR. Stock, $800,000; par of shares $100; dividends
payable Feb. and Aug. 1. Dtvlrteuds formerly 5 p. c; 6 p. o. since
Jan 1, 1897. Of the stock, $400,000 owned by the Conn. & Pass. River
$50,000 Is represented by
is deposited under its mortgage and
Connecticut Trust & Safe Deposit Co. of Hartford 5 per cent trust cer(See Supplement of October, 1901.)
tificates.
Meadvllle Conneaut l.ake & 1. 1 nesvllle. —MeadvUle to LlnesvUle Pa 21 miles, and branches, 2 miles; total, 23 miles. Leased to
June 8, 1989, to Pittsburg Bessemer & Lake Erie RR.; rental, 25 per
cent ot gross earnings. Stock, $200,000; par, $50.
and taxes....
.
—
RR.—
RR.—
&
RR.—
RR.—
&
$800,000
800,000
350,000
350.000
693,000
122,000
175,000
200.000
100
1891
1881
1889
1889
1889
1881
1897
1899
1902
Interest, rentals
Outstandlag
$100
53
53
55
22
33
14
14
19
22
MeadvUle Oonneaul Lake<£ Li7iesville—lBt M
Mexican Central— IstM. (unassented) inclu. scrip
Consol. mortgage, $32,000 per m., gold.BB.o*&r 2,689
Other income
Amount
,
RR.—
;
;
1,000,000
274,000
55,200,000
10,818,000
1,000,000
28,065,000
1,100,000
500,000
250.000
540,000
78,000
249,950
550,000
900.000
800,000
200,000
287,000
66,678,000
20,563.400
11,282,000
369.200
700.000
850,000
10,000,000
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
tioyias-
irvviiy.
-
pal.When Due.
by
Whom.
Payable
Cent.
LXXVI.
[Vol.
Stocks—Tu&st
Dividend.
& N. Portland, Me. Cent. Of. May, 1903, 2%
& N. Boston, 2d Nat'l Bank. Not. 1, 1930
& N. Portland, Me., OflHce. May, 1903, 3^3
& N. Bost., 2d.Nat. Bk.; Port. May 1, 1930
& N. Portland, Me., Office. May 1, 1930
41s
5
J. & J. Treas'rs Offlce,Portland Jan.. '03, 2^2%
4
M. & 8. Sec. N. Bk.,6os.& Portl. Sept. 1, 1917
M, & N. Rooklan Me., Office. May, '03, 214%
41a
10
M. & N. Manchester and Boston. May 1, '03, 5%
4
Boston, B. & M. RR.
Jan. 1, 1922
J. & J.
See text. Q.-J.
N. Y., 195 Broadway. Apr. 1, '03, 2%
J. & J. N. Y., Mercantile Tr. Co. July 1, 190»
M. & 8. N. Y., Mercantile Tr.Co. Mch. 1, 1916
4
A. & O.
do
do
Apr. 1, 1990
M. & N. Union Tr. Co., Detroit. May 1, 1952
5
5
A. A O.
See text.
Oct. 1, 1909
M. & N. N. Y., Knick. Trust Co Nov. 1, 1940
M. <& N. N.Y., Farm. L. & Tr. Co. Nov. 1, 1916
%l M.
& N.
do
do
Dec. 23. 1925
I'- Text.
Apr. 1, 1932
4 g. M. & 8. N.Y., Brown Brcs.&Balt Mch. 1, 1951
4 In 1902 A. & O.
do
do
Apr. 1, 1951
F. & A. Boston, S. D. & Tr. Co. Feb. 1, '03, 3%
6
5
J. & J. Mer. Nt. Bk.. Meadv.Pa. July 1, 1921
J. & J. Boston.SafeDep.&Tr.Co July 1, 1911
(7) 4
do
do
July 1, 1911
%' J. & J.
4
4
6
4
M.
M.
M.
M.
M.
1
July 10
g-
Louis,
St.
when earned.
3
Julyl
3
5
5
A.
A.
4ifig.
F.
&
&
&
O. 01.Col.T.Co.,Bo8.&Lon,
do
do
O.
A. St. Louis
& New
York.
Jan. 10. 1939
Jan. 10, 1939
July
Apr.
Oct.
Feb.
1,
1,
1,
1,
1911
1917
1919
1907
on Tampico Division, 12 miles on Guanajuato Branch, 161 miles on
Guadalajara Division, 55 miles on Ameca Ext., 44 miles on Pachuca
Division, Bar extension 6 miles, 40 miles on Laguna Ext. and other
branches 22 miles
Mexico City Belt Line, 6 mUes; Parral exten
sion.Jimlnez to Rosario, 96 miles; Zamora extension, Yuruouaro to
Las Reyes, 86 miles; Zapotlan extension, Guadalajara to Tuxpan, 120
miles; Rio Verde extension, 25 mUes; Tampico to General Trevlno
former Monterey & Mexican Gulf operated from Mar. 1, 1902), 389
mUes; leases Mexican Union Ry., 11 miles; La Vega to San Marcos,
29 miles; Mexic» to Balsas River (former Mex. Ouern, & Pac operated Irom Jan. 1, 1903); total Jan 1. 1903,2,915 mUes, standard
gauge. AU 56-lb. steel except 120 miles 66-lb. and 350 miles 75-lb
In June, 1901, the Monterey & Mexican GiUf RR., Tampico to Gen
eral Trevlno, 388 miles, was acquired, and is being extended from Trevlno to the San Pedro branch, about 150 miles, by which will be reached
the main line at Torrpon.
Extension is build(ng from Lecheria,
near City of Mexico, to Velasco, near Tampico. 225 mUes, to be completed by end of 1904, this including the Pachuca, Zacualtipan & Tampico Ry. (purchased), extending from Sandoval to Apulco, etc., about
70 mUes, the unconstruoted portion carrying a subsidy in 5 per cent
Mexican Government silver bonds at $10,000 per mUe The Mexico
Cuernavaca& Pacific, Mexico to Balsas River, 181 mUes. was acquired
by deed on Nov. 12, 1902. (V. 74, p. 1196; V. 73, p. 337, 957; V. 74,
;
,
.
p.
729, 1035; V. 75. p. 981, 1203.)
Organization.— Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Government. Debt readjusted in 1889— see V. 48. p. 191, 292. 327. See
also Mexican Cent. Ry. Securities Co., Limited, below. In Mar., 1901,
a syndicate headed by H. Clav Pierce of St. Louis acquired a majority
See "Finances" below. V. 72, p. 627, 873; V. 75, p. 29.
SiTBSiDT.— Jan. 1, 1902, there was left of the subsidy In trust $2,035,154,to be used whenever necessary for the payment of principal and
Interest of the consolidated mortgage bonds. Of the $3,000,000 of
Mexican Government bonds receivable under Tampico Harbor concession for a depth of 22 feet, $2,790,000 (in Mexican Government
6 per cent bonds) had be«n received in April, 1895, corresponding
to a depth of 20 feet, and these were exchanged in 1895 for $2,934,600 of 5 p. c. Government bonds.
Stock.— Stock authorized, $25,600 per mUe; outstanding, $47,960,
of the stock.
100, In $100 shares.
Bonds.- Of the priority bonds $1,403,000 were paid off with proceeds
of subsidy coUections, interest ceasing AprU 10, 1891; the balance,
$5,597,000, is held as an investment by the trustee of the consoUdated mortgage. SeeV. 52, p. 390. The consol. mort., 4 p.c, covers
the entire property, aU old firsts deposited, and the subsidy earned and
to be earned. (See abstract of mortgage in Chronicle, V. 49, p. 177.)
In Mar., 1901, in addition to the $65,649,000 consol. 4s shown above
$3,268,000 had been certified by the trustee, of which $322,000 held
for exchanges, $1,775,000 as coUateral for equipment bonds, $1,000,000 purchased by trustee under subsidy trust fund and $171,000
Issued to and owned by the company. V. 71, p. 1220. Both series of
incomes are non-cum. and secured by one indentiire to the American
L. & T. Co. at Boston. First incomes received 3 p. o. Interest In 1890.
1891 and 1892 none since. V. 72, p. 627, 880.
In January, 1902, the company Issued $10,000,000 coUateral trust
5-year 4i« per cent bonds, secured by $16,129,000 consolidated 48
held in the treasury, the proceeds of which were used to retire the
Mexican Gulf RR.,
$6,000,000 notes issued in payment of Monterey
the balance to be applied to 1 50-mile extension of that road to main
line, payment of about $2,000,000 floating debt, improvements, eto.
See V. 73, p. 957; V. 74, p. 205. 728; V. 75, p. 29.
Finances.— A readjustment plan to retire the Incomes, etc., and to
adjust the finances has been under consideration.
Earnings.-Mexican cur. > 1902..Gross, $19,050,898; net, $5,393,286
Jan. 1 to Nov. 30 (11 mos.) S 1901..Gross, 15,821,337; net, 4,335,537
ANNUAL Report- Fiscal year ends Dec. 31. Report for 1901 was
given In V. 74, p. 983, 1034; see also editorial, p. 963. The gross
earnings below are Mexican currency; all other figures U. S. currency.
The company received for Its Mexican doUars an average of 47-82 uj
1901, 48*92 cents In 1900. 48-41 cents In 1899.
;
&
income account— (D. 8. CUBRENCT EXCEPT AS INDICATED).
1900.
1899.
1898.
Year ending Dee. Z\— 1901.
1,956
?.135
2,016
2,054
Av'ge mUes operated.
Gross eams.Rlfex.cur$17,493.673 $17,223,878 $15,602,065 $13,588,966
Net earns. Mex our.- $4,986,663 $5,373,683 $5,199,095 $4,427,534
Do do in U.S. our. 2,384,598 2,628,577 2,516,961 2,062,805
140,624i
182,517
115,720
187,110
Mlscel. InU. S. our.Net Income
Fixed charges
Balance
Subs'yao'tin U.S.our
$2,567,115
2,937,276
$2,744,297
2,738,204
$2,704,871
2,604,873
$2,203,429
2,616,658
df.$370,161 8ur.$6,093 sur.$99,198 df.$413,223
477,947
545,000
None.
49,223
.
Menipliis El Paso & Paclli<- RK.—V 75. p. 666.
Mcmpliis Helenas Louisiana Ry.T-V.73,p. 1160; V.76,p.542,
iilexUan Central Uy. Limited (Mexlco).—rSe€ Jfap.) — Mileage
—Main Une Mexico City north to J uarez City, 1,224 miles, 407 miles
Result, sur
$174,839
$6,093
$148,421
$64,724
Chairman of Board, H. Clay Pierce; Pres't, A. A. Robinson; Comptroller, Gabriel Morton. Office. 422 Olive St., St. Louib, Mo. Direotore. May, 1902, V. 74, p. 988.— (V. 75, p. 1203; V. 76, p. 543, 705.)
Mexican Central Ry. Securities Co., lilmited.—This depositary company was formed In 1899, per plan in V. 68, p. 331, to acquire
I
KAILROAD STOCKS AND BONDS.
April, 1903.]
RAILROADS.
j^^^ j^^^
Bonds— yivaviINTEREST OR DIVIDENDS.
pal.When Duo.
When Where Payable, and by Stocks— liAst
Out™anding ^^n?.®^ Payable
Whom.
Dividend.
Size, or
I
Par
of
of
For explanation Of column headings, &0., see notes
Road. Bonds Value.
on first page of tables.
I
i
—A
deb. stock 4%
Ry Securities Oo.,Lim.
deb. stock. 4%, cum
Mex. Int.—Pr. lien,£1.200,000,red.at par. Un.xc*<tr
l8t con. M., $16,000,000, g not guar.]TIp.xo*<fer
Do
g., gu. 8tp., sub. to call 95 to Mch., '07
Income 4% bonds (no mort.) non-cumulative
Mex. Cent.
B
615
848
847
,
£100 £3,841,830
1899
1899
100
3.841,830
1897 £100<teo $5,850,000
lf97 $500&o.
3,362,000
1897 500 Ac.
3,621,000
Unehigan Cen tral— Stock
G
1
0*4r
Ist mortgage, $ 8,000,000, gold
M. C. Michigan Air Line, 1st mortgage. Un.. c&r
M.C.lst M. on Det. & Bay City ($4.000,000). Un.o
bonds wltliout coupons.
do
do
Jt. C. 1st mort on Grand River Val. RR.Un... .o*
M. C. 1st mort. on Kalamazoo & 8. Haven. lln..r
M. C. Ist M. Term. $1,500,000 (V. 64, p. 886).c<tr
Mich. Cent. Ist M. on Jack. Lans. Saginaw, g,o"<fer
Jack.Lan8.& Sa?. stocK, 313 p.c. y'rly, gaar.by end.
Grand River Valley stock, rental in perpetuity...
Det. & B. City bridge bonds, to be paid May 1
Bay City & Bat. C. Ist M., g., gu.p.&; 1. end.ITIp..o*
Bat. C. & Sturgis Ist M., g., gu. p. &i. end.ITlp.o'
Jollet & North. Indiana IstM., guar. p.&i. (end.).c
a Exclusive of $.577,000 held by sinking fund.
—
270
115
152
152
100
1890
1,000
£10
£10
£10
£10
1896
1896
100
1902 l.OOOifeo
1890 1,000&0
1881
1,000
1881 l.OOO&c
3,842,000
I
Mexican luternatioual RR.—{SeeMap,page93),—Ovmala
Mexico a standard gauge road from the centre ot the International
Bridge over the Rio Grande between Eagle Pass, Tex. (where conneotionismade with the Southern Paoiflo), and CiudadPorfirio Diaz, via
Torreon, on Mexican Central, to Durango, 540 m., with branches, 90
m.; Reata to Monterey, 72 m.; branch to TlahualUo, 43 m.; new branch,
eji tension Durango to Tepehuaneo via Santiago Papasquiaro. 135
mUes. completed m 1902; total. 880 miles. Extension proposed from
Durango to Mazatlan, about 125 miles, on the Pacific Coast. Organized
under laws of Connecticut.
In AprU. 1902, control of the road ($15,786,100 of the stock and
all of the $4,499,000 Income bonds) was taken over by the National
RR. of Mexico as per plan V. 73, p. 784.
STOCK.— Authorized $25,000,000; issued Jan., 1902, $20,708,20».
Bonds.— In 1897 reorganized, reducing fixed charges on 659
mUes from $605,360 to about $448,650. Consol. 48 for $3,690,000
may be Issued at $10,000 per mile on 369 miles of proposed branches
and $800,000 are reserved for betterments, etc. The total issue of
consols ie limited to $16,000,000. The National RR. 01 Mexico under
agreement of June 30, 1902, has stamped $3,621,000 of the consols as
guaranteed principal and interest, these being also subject to call at
95 and interest on or before Mar. 1. 1907. V. 75, p. 185. Prior lien
412S, see V. 65, p. 151, 1071. Consol. 4s of 1897 listed on N. Y. Stock
Exchange Feb., 1898. See application in V. 66, p. 341.
Dividend on incomes, 4 p. c, was paid for 1902. V. 76, p. 762.
Gross, $1,234,967; net, $471,975
Earnings— Mex. cur'oy. ) 1903
Gross, 1,035,436; net, 417,609
Jan. 1 to Feb. 28. 2 mos. 51902
ANNTJAL Report.-Report foryear ending Dec. 31, 1901, was given at
length In V. 74, p. 772, 783; see also editorial, p. 753. In 1902, gross
on average of 869 miles, $6,497,491 (Mexican currency); net, $2,426,283; in U. S. money, net. including other income. $1,016,613; charges,
$639,420; interest on incomes, $179,960; discount on bonds. $5,977;
bal.. surplus, $191,255. Pres.. J. G. Metcalfe. N. Y. office. 30 Pine St.—
RR.—See National RR. of Mexico.
5
5
5
(.
6
5
4
g.
3i2g.
3ifl
5
8
3
g-
London, Speyer Bros. Sept.
N. Y.. 25 Broad St.
Sept.
do
do
Sept,
Own'd]byNa.RR.ofMex.
1,
1,
1,
1947
1977
1977
office, 27 Wm. St. Mar. 9,'03,ifl%
& D.
do
do
Dec. 1, 1910
M. & N. Glyn, M. C. & Co., Lon. Nov.l3,'02,li8
Perpetual.
J. & J. Glyn. M. C. &Co.. Lon.
Nov.
Checks mailed.
Oct. 30, '02.21a
F. & A.
F. & A.
J. & J. N. Y. Gr. Cent. Station. Jan. 29, '03. 2
M. & N Reg.at G.C.S; cp.atG.T. May 1. 1952
J. & J. Rg.atG.C.S.; op.atU.Tr. Jan. 1, 1940
M. & S.j N. Y., Union Trust Co. Mch. 1, 1931
Q.-M. N. Y., Gr'd Cent. Station. Mch. 1, 1931
M. & 8. N. Y., Union Trust Co. Sept. 1, 1909
M. & N. N. Y., Gr. Cent. Stat'n. Nov. 1, 1939
J. & J. Rg.at G.C.S. ;cp.at U.Tr. July 1, 1941
M.
8. Rg.atG.C.S.; cp.atG.Tr.
Sept. 1. 1951
M. & 8. N. Y., Gr. Cent. Station. Mar.l,'03, 1%
Jackson, Mich.
J. & J.
Jan., '03, 2is%
M. & N. N. Y., Union Trust Co. May 1, 1903
do
do
J. & D.
Dec. 1. 1981(1
Q.-M. N. Y.,
J.
<te
do
do
Deo. 1. 1989
g- J. <fe D.
7
J./o-J./o N. Y.,Farm. L.&Tr. Co. July 10, 1907
H. R. RR. Co.
Y. Ce ntral
3
&
BoifDS.— Battle Greek <£ Sturgis bonds for $500,000, but of this $79,000 was sub-guaranteed by the Lake Shore & Michigan Southern, 7
miles of tne B. C. & 8. being operated by that company. The $2,000,000 31^8 of 1901 are a first mortgage on the Jackson Lansing &
Saginaw RR., 350 miles (V. 73, p. 1061. > In April, 1902, $18,000,000
of 312S were authorized, dated May 1, 1902, of which $10,000,000
were sold to retire the first 58 and "s. maturing on that date, the
remaining $8,000,000 being reserved for additions, improvementa,
etc
V. 74.
p.
728; V. 76, p. 102.
Earnings.— For 6 mos. ending June 30 (1902 partly estimated):
6 mos.
—
Charges.
Net.
Orost.
Divs.
Bal., sur.
1902
$8,846,000 $1,830,000 $1,310,000 $374,760 $145,240
1.777,995
374,760
1901
1,380,313
22,922
8,815,957
ANNiTAL Report.— Preliminary statement for 1902 was in V. 75, p.
1398. Report for 1901 was in V. 74, p. 1035.
1902.
1901.
1900.
Year ending Dee. 31.
$18,650,000 $18,490,273 $16,730,131
14,745,964 1 3,229,490
15,030,00
$3,620,000 $3,744,309 $3,500,641
3,814,048
3,670,000
3,545,735
1S4,310
)
184,310
oo-iinnnS
^.-''^a."""^
2,271,250
2,219,908
5
315,000
375,238
300,852
210,000
80,000
4,402
(4)749,520 (4)749,520 (4)749,520
$394,480
$23,776
$6,743
Gross earnings
Op. exp. and taxes
Neteamings
Net, Incl'g other Ino
Rentals paid
Interest on debt
Can. Southern share
New second track
Miscellaneous
Dividends
Surplus
(V, 75, p. 1203, 1398; V. 76, p. 102, 811.)
—
&
Gap RR.—
Water
r^ee Map N. T.
Western.) Owns from Mlddletown, N.Y., to Union vUle,
N. Y., 13-65 miles. Stock, $149,850: par, $50. ControUed through
ownership of stock by New York Susquehanna & Western, which
pays Interest on bonds. In year ending June 30, 1901, gross, $63,274;
net, $12,584; charges $21,923; bal., deficit for year, $9,339. In
1899-00, gross, $61,759; net. $14.589.— (V. 64, p. 664.)
Mlddletown Unlonvllle
Susguehanna
—
<6
Midland Pacific Ry.— (V. 76, p. 864.)
Midland Ry. (Nova Scotia). -V. 75, p. 611.
Mill Creek & Mine Hill Navigation &: RR.— MUl Creek Jo. to
Broad Mm., Pa., 3-8 miles; branch 3"3; 2d track 38 m.; total track,
33 miles. Leased in 1861 for 999 years to PhUa. & Read. RR., lease
Phila. <fe Read. Railway; rental $33,000 and taxes.
lUillen
SODthweMtern RR.— MUlen to Stillmore, Ga., 32
mUes.
In 1902 extensions were proposed from Stillmore south to
Way cross. 80 miles (of which 21 miles from StlUmoreto Vldalla under
construction), and from Mlllen northeast to the Savannah River, 30
miles. Stock June 30, 1900. $39,000. The entire $800,000 issue of
bonds (Citizens' Bank of Savannah, trustee) is pledged as security
for a two-year loan of $450,000, due 1904, to be liquidated from the
sale of bonds. The proceeds wlU be used to construct extensions and
purchase additional equipment. V. 75, p. 185.
Earnings- 8 mos. j 1902-3
Gross, $33,256; net, $10,697
July 1 to Feb. 28. < 1901-2
Gross. 26,478: net,
3,975
For year ending June 30, 1902, gross, $38,831; net, $9,646, against
$9,438 in 1900-1. President, C. D. Baldwin; Secretary. Treasurer and
Gen. Mgr., Frank R. Durden. Office, Monte, Ga.— (V. 75, p. 77, 185.)
Mllwankee Lake Winnebago RR.— (See Wisconsin Central.)
&
Escalon, Mexico, on the
Mexican Central Ry., to Sierra Mojada, 83 miles, all steel.
Stock.—Capital stock is $3,000,000 see application for
N. Y. Stock Exchange in full, V. 64. p. 619.
listing
on
1892. 1893. 1894. 1895-99. '00. '01.1902. 1903.
Mar.,ifl
4 yearly. 5
412
2
6
6^ 6^
In 1901, Mar., 1>4 p. c; June, 1^4 p. o.; Sept., 1 p. c; Dec, 1 p. o.;
1902, March, 1 p. c; June, H p. e.; Sep., ^ p. 0.; Dec, ^ p. o.
Bonds.- The mortgage is for $1,660,000, of which $577,000 held by
the sinking fund In Dec, 1902. See V. 60, p. 482.
ANNDAL Report.— Earnings as follows in U. S. currency
Divid. Surplus.
Other inc. Oharges.
Gross.
Net.
Year.
1901-02.. ..$262,149 $124,753 $34,597 $112,707 $105,000 def. $58,357
1900-01.... 642,132 262,720 39,262 137,285 142,500
22,197
12.107
1899-00..
638,552 255,185 31,226 131,804 142,500
-(V. 69, p. 1012 ; V. 70, p. 280; V. 72, p. 581, 1011; V. 74, p. 1089.)
Mexican Rallvray, liimlted.—See page 173.
Mexican Sontlieru Ry., lilm.—Seepage 173.
Mexico to Balnas River, 182
Mexico Caernavaca Sc Pac.
miles, in operation, and projected to Acapuloo, about 153 miles. V.
69, p. 332. As to subsidy from Mex. Gov't, see V. 67, p. 901. On
Not. 12, 1902, the Mexican Central acquired the road. V. 75, p. 1203.
Stock, $6,000,000; par, $100; outstanding Apr., '02, $3,872,000. Pres.
and Gen. Mgr.. J. H. Hampson. Mexico City, Mex.; Sec, W. O. Staples,
Mexico City; Treas., E. Ecigar Wilson, Denver, Col. (V. 75, p. 1203.)
Michigan Central RIt.—(See Map adjoining New York Central
Percent
8.
S.
assumed in 1896 by
(V. 75, p. 185.)
Dividends....
<fe
i
RR.—
;
&
3,000,000 See text.
al,083,000
6g.
£2,254,720
2.554,100 See text.
1,011,960
6
2,000,000
£1,000,000 2i2in'02
650 000
4
4
593,510
cl8,738,000 4 in 1902
3i2g.
10,000,000
4
2,600,000
'
C—
Mexican Northern Ry.—Owns from
M.
4g. M.
4^2 g.
84 79-'86 1,000
1,500,000
39 1889 l.OOO&o
700,000
1896 1,000*0
725,000
356 1901
1,000
2,000,000
100
2,000.000
"84
100
491,200
1873
1,000
150,000
"is 1889
1,000
250.000
41 1889
1,000
421,000
45 1877
1,000
800.000
cOf which $16,814 .300 held by N.
the 4 per cent consols of the Mexican Central Ry. " and to issue in their
place two classes of securities." The share capital was raised by a payment of £2 for each $1,000 bond deposited, for expenses, etc. Each
$1,000 bond deposited will receive £102 "A" and £102 "B" debenture
stock, constituting a first and second charge respectively upon the
deposited securities, both secured by the same deed of mortgage to
Right Hon. Lord Hlllingdon, Right Hon. Lord Revelstoke and H. W.
Bmlthers, trustees. Frederick M. Spankie, Secretary, 3 Gracechurch
(V. 68, p. 331, 524.)
Street. London. E.
V. 74, p. 478.
raexlcan Kastern
Tlexlcan National
London.
J& J15
J&J15 London, when earned.
4
4
4 K. M. <te S.
4,499,000 4 in 1902 Sept. 1
.
Mexican National— Bee National RR. of Mexi CO.
83
Uexican Norl hem— Stock
83
1st mort.,U. 8. gold coin, s.f. not called. ]TIo.o*<fcr
Mexican Railway, Limited— OT&inaiTj shares
Ist preference stock, 8 per cent
2d preference stock, 6 per cent
321
Perpetual 6 per cent debenture stock
Uexican So. Ry., it»i.— Ordinary sha., £1,000,000.
228
l8t M. 4% deb. stock, £700,000, red. 110. (Text)
2d M. 49o deb. stock, £600,000 red. at par, 90 y'rs 228
85
>
>
.
RR.—
pooe.;—Line of Road.— Main line— Kensington to Detroit, 270 mUes
ana Windsor to Suspension Bridge (Canada Southern), 226 miles;
Branches owned and leased 1,147 miles
total main line. 496 miles.
trackage (IlL Cent.) into Chicago under perpetual lease. 14 miles; total,
January 1, 1902, 1,657 miles There are 308 miles of second traokanrt 1,024 miles of side tracks.
In Feb., 1902, jointly with Lake Shore
& Mich. So. took over Detroit Toledo & Milwaukee RB., Allegan to Detroit, Mich., 200 miles. V. 74, p. 379.
Organization, LiEasbs, Ac— Re-tncorporated under general law. See
In Dec, 1901, V. 73, p. 1208. Control was acquired by the N. Y. C
& H. R. RH. Co. In April, 1898, as stated below.
N. Y. C. & H. R. RR. Co. in '98 gave in exchange its 3^ per cent
100-year gold bonds at the rate of $115 m bonds for $100 in stock.
V. 66, p. 759. In May, 1902, $16,814,300 of the $18,738,000 stock
had been acquired by the N. Y. C. & H. R. RR. V. 66. p. 1238.
Canada Southern Contract.— See that company.
Dividends. ) '83 '84 '85-86 '87-89 '90 '91 '92-94 '95to Jan.,'03
3
nil. 4 yearly 5
5 S^a y'rly
4 yearly
Per cent— 5 5
;
.
.
&
Milwaukee dc Minnesota RR.—V. 74, p. 427; V. 75, p. 342.
Mine Hill & Sctamylklll Haven RR.— From SchuylMU Haven
Ashland and Enterprise Jot., 42 mUes; 2d track, 21 m.; total track,
136 miles. In 1897 rental reduced to 6 p. 0. on stock under new lease
for 999 years from Jan. 1, 1897, to Phila. & Read. Ry. Co. Dividends
paid stockholders are 2^ p. 0. in Jan. and 3 p. c in July, ^ p. 0. being
deducted for taxes.— (V. 63, p. 1011.)
Mineral Range RR.— See page 173.
Minneapolis 6c St. Lonis RR.—fSee ifap.;— Owns main line
Minneapolis to Angus, la., 260 miles: West«m Dlv., Hopkins to Watertown, 8. D., 215 miles; Kalo Branch, II3 miles; Lake Park Branch, li*
m. Wlnthrop, Minn., to Storm Lake, Minn., 154 miles. Leases trackage from Minneapolis to St. Paul over St. Paul & North. Pac RR., 10
miles; total operated, 642 miles. Also owns, but leases to Bur. C. R.
&, Nor., Albert Lea to Iowa State Line. 13 m.
On July 1, 1901, branch
to White Bear Lake, 13 m., was sold to Northern Pacific V. 75, p. 985.
H18TORY.—A reorganization in Oct., 1894, per plan in V. 59, p. 371,
of Railway foreclosed under improvement and equipment mortgage.
In Feb., 1899, purchased (V. 68, p. 672,) from the Rock Island 123
miles, Morton to Watertown. 80. Dak., part of the 217 miles of the
unbonded Wis. Minn. & Pac theretofore operated by Minn. & St.
Louis, but accounts kept separate.
Also buUt extension New Ulm
branch through rich grain and Uve-stock country to 111. Central RR.
at Storm Lake, la., 135 miles, wliloh was completed about July 1,
1900. V. 68, p. 130. In June, 1900, persons identified with Minn. &
to
;
St L. obtained control of the Iowa Central Ry. V. 70, p. 1249.
Stock.-The capital stock Is, common, $6,000,000; preferred,5 p. c,
non-cumulative, $4,000,000. The preferred is entitled to dividends at
5 per cent, and then common to 5 per cent, then both share pro rata.
The $2,500,000 first pref. was paid oflf at par on June 1, 1899.
86
INTESTOKS' SUPPLEMENT.
[Vol.
LXXVI.
RAILROAD STOCKS AND BONDS.
April, 1903
RAILROADS.
For explanation of column headings,
on first page of
Miles
<feo.,
'
Date
Milicatikee
of
tables.
Northern— See CMcago Milwaukee &
<£
St.
of
<C
—
Minneapolis
&
St.
Louis — Common stock,Ce
Pref. stock (V. 70, p. 1150), 5 p. c, Don-cum.Ce..
27
c*
Ist M., Minn, to Merriam Jnuc, gold.FP
81
Ist M. Merriam Junction to Albert Lea, gold F.o*
Iowa ext. Ist M., g.(Al. Lea to Ft. Dodge)g.Ce.c* 102
53
Mort.on Soutbw. exten., g. ($12,000 p. m.)Ce..o'
92
c*
Pacific extension 1st mortgage, gold. Ce
First consoUdat«d M., $5,282,000, gold.Ce. c*&r
283
Ist &ref.,M., $25,000,000, g. ($18,000 p.m.).Ce.
Mxnn. St. P di S. Ste. Jf.— Stock (I3 7% pf. n.-cum.)
Minn. Sault Ste. Marie & Atlantic lat M.g.Ce..o' 495
Minneapolis & Pacific. 1st M., $15,000 p. m.Ce.c" 286
Consol. M., gold, int. guar, (end.)— See text Ce.c* 1,452
2d M., $5,000,000, gold. int. guar. .<e
1,452
Car trusts February 28, 1903..
Kinn. S. St. <£W.—l.Bt M.,$10,000,000,g.,text S
Minnesota Transfer— 1 st mort.— ($535, 000 are 4s>c
Mi7in. <t Nn. Wisconstn-lst mrrt., $200,000, g. .0*
50
22
Missiisippi Arkansas <t Wesler7i—lst M., gold. AC.
treasury June 30, 1902.
a Of wMoh $282,000 held
.
,
P
m
1
Preferred
(p.c.) )
>
)
Annual Repori.— Annual meeting 1st Tuesday in Oct. Report for
1901-02 is given at length in Y. 75, p. 977, 985; see also edit, p. 947.
1901-02.
1900-01.
1899-00.
Tear Endiyig .June 30
642
514
633
Average miles operated
Passengers
$876,486
$703,826
$601,836
2,413,134
Freight
2,526,763
2,117,553
143,9-21
137.591
158.544
Mall, express, Ac
Gross earnings
$3,540,840 *3,27.^,504 $2,863,310
Net over taxes
$1,446,120 $1,318,887 $1,163,922
188,954
185.036
200,26 6
Other Income
Total net mcome
$1,631,156 $1,507,841 $1,364,188
Interest paid
8^6,980
897,220
892,540
Dividend on pref stock
(5)200.000 (5)200,000 (5)200,000
Dividend on common stock
(5)300,000 (4)240,000 (lia)90,000
Rentals, etc.
47.451
56,711
57,024
BaL surplus for year
$196,725
$113,909
$124,624
Officers.— President. Edwin Hawley. New York; Vice-President, L.
F. Day; Secretary, Joseph QaskeU, Minneapolis; Treasurer, F. H.
Davis, 25 Broad Street, New York.
Directors— E. Hawiey, John W. Mackay, E.Lancdon.F.B. Palmer, F.H. Davie:
John E. Searles, New York; h. C. Weir, New York; George Crocker, New York.
,
Ii.
F. Day, Mianeaoolis.
p. 94, 1089;
—(V. 74,
Minneapolis
St.
V. 75,
977, 985.)
Sault Ste. ITIarie
p. 549,
&
Pant
Ry.— Owns
main
from Sault Ste. Marie, Mich., via Minneapolis to Portal, North
Dak., at the International boundary line there connecting with the
Canadian Pacific, 1,039 miles; branches. Hanktnson, No. Dak., to Bismarck. 222 miles; Wishek, North Dak., to Pollock. 70 miles; other
branches, 98 miles: spurs. 23 miles; total Sept., 1,902. 1.452 miles;
also has terminal trackage in Minneapolis, St. Paul and Sault Ste
Marie aggregating 19 miles. Extensions proposed,|see V. 75, p. 730.
History.- Formed Jime, 1888, by consolidation of the Minneapolis
Bault Ste. Marie & Atlantic, the Minneapolis & Pacific, etc. (See V.
46, pp. 538, 609.) ControUed by Canadian Paciflo. which July 1, 1902,
owned $7,066,600 common and $3,533,400 pref. stock, etc.
Stock.— Authorized, common, $14,000,000; preferred, $7,000,0<i0,
ef which the Canadian Pacific on July 1, 19ci2, owned $7,066,600
common and $3,533,400 preferred. Preferred stock has a prior right
to 7 per cent (non cumulative); then common to 7 per cent; then both
classes sham pro rata. V. 75, p. 549.
Bonds.—Can. Pac. guarantees by endorsement 4 per cent Interest on
all the bonds assenting to a reduction of interest to 4 per cent.
(See
V. 50, p. 784; V. 51, p. 239. About one-half the Minn. <te Pac. bonds
and practically all of the other issues assented. V. 54, p. 799.
Abstract of Minneapolis Sault Ste Marie dt AtlanticvtiovtgAge In V. 45,
p. 243. The consol. mortgage of 1888 (trustee. Central Trust Co., mort
gage abstract Chronicle, V. 47, p. 142), was for $21,000,000 on 800
miles (sufficient of this amount being reserved to retire the prior
bonds) and for $20,000 per mile on all additional.mlleage. V. 73. p. 185.
Of the $5,000,0<'0 2d 4s of 1899 $3,500,000 were Issued to take
up certain maturing interest-bearing obligations and current capital
expenditures and for equipping of terminals and additions, the remaining $1,500,01)0 to be issued hereafter from time to time only as
required. V. 68. p. 669. 771, 977; V. 71, p. 645.
Latest Earns.— 8 mos. ) 1902-3. .Gross, $4,889,278; net, $2,454,764
July 1 to Feb 28.
5 1901-2. Gross,
4,170,^38; net, 2,303,353
Report.— Report for year ending June 30, 1902, was in V. 7-'^, p. 730.
line
Gross.
Tear.
et.
Int. taxes, eic. New equip. Bat., stir.
1901-02.. $6,22 ^,387 $3,280,760 $1,694,259 $300,000 $1,286,501
1900-01... 4..'' 17.075
1,952,737
1,624,864
327,873
—(V. 71, p. 645; V. 73, p. 185, 897: V. 75, p. 549, 611, 730.)
ITIinnesota &. Nortli TViaconsin
See page 174.
rainnettota Transfer Ry.— Union road, owning 13'5 miles, extending from junctionwith Chic. Mil. & St. Paul at Merriam Park to
Frldley (with stock yards, etc.); side tracks 36-23 mUes; total 49-73
mUes.— (V. 67, p. 956) Stock. $70,000, etiuaUy owned by:
Chicago Milwaukee & St. Paul, Northern I'aciflc, Chic«KO St. Paul Minn. &
Omaha. Minneapolis & St. Louis, Wioconsin Central, Chicago Burlington 4
Quincy, Great North.. Chic. Great Western and Minn. St. Paul & Sault Ste. Marie,
•
,
.
RR.—
Rock Island & Phc.
Additional bonds can be Issued for property and improvements as
required. Principal only is payable ux gold. Mortgage trustee, St.
Paul Trust Co.. St. Paul. Minn.- (V. 66, p. 1238; V. 67, p. 956.)
Chic.
$150,000
250,000
,
(1)
323.375
See text.
M.
I'5g.
10
J.
F.
J.
&
&
&
&
pal,When Due.
Stocks— h&BX
Dividend.
N. N. Y., N. Y. Susq. & W. Nov. 1, 1911
do
D.
do
June 1. 1910
A.lBost., Kelly, End. & Co. Feb. 1. 1923
J.
Philadelphia.
Jan.. 1903,
5%
1932
512
50
4,210,200
J.
1891 500 &o.
593,000 4 g.-5 g.
& J.
1901 100,0
1,000.000
& J.
4 g.
1891
1,000
325,000
& J.
5 g.
100 c6,000,000 5 in 1902
& J.
100 d4,000,000 5 in 1902 J. & J.
1877
455,000
1,000
7g. J. & J.
1877 500 Ac.
950,000
J. & D.
l^- J. & D.
1879
1,000
1,015,000
1880
1,000
636,000
& D.
z«- J.
1881
1.382,000
A. & O.
1,000
1894
1,000 85,282,000
^• M. & N.
f
1899
1,000 b8, 151.000
4 g- M. & 8.
100
21,000.000
1886
1,000
8.209.000
4g.&5 J. & J.
SS'^.OOO
1886
1,000
4 (5) J. & J.
1888
1,000
25,056,000
J. & J.
1899
3.500,000
1,000
4g. J. & J
234,916
1902
1,000
See text.
5g. J. &'d
.
F. & A
1886
1,000
1.439.000
4&d
1902
5 g, J. & J
1,000
170.000
220.000
1902
1.000
5 g.
b $551,000
c $174.30 0.
d$ 39.600.
1896. 1897. 1898. 1899. 1900. 1901. 1902. 1903
3^3
41^
3
5
5
5 Jan., 213
3
None.
4
5
Jan., 2^2
Common
l^a
Bonds, Etc.—Bonds Issued under the mortgage due June, 1927, numbered from 1.101 to 1,400, for $500 each, additional to those above
were assumed by the Burl. Cedar Rapids & Northern RR.
As to first consol. mortgage see abstract V. 59, p. 1145. The refunding mortgage of 1899 limits the first consols to $5,282,000.
First refunding mortgage of 1899 is for $25,000,000, of whlcn
$10,000,000 reserved to retire underlying bonds and $6,849,000 for
future extensions, improvements, etc., under severe restrictions. The
mortgage is a first lien on 277 mUes of road, etc., and a blanket lien on
rest of property.— V. 68, p. 187, 332. See application to list, V. 69. p. 32.
Gross, $2,310,953; net, $893,583
Earnings— 8 mos.,) 1902-3
Grsss,
980,169
July 1 to Feb. 28. > 1901 2
2,338,533; net,
Dividends
jKortrt*— i-i lutl-
Amount
Par
Pa ul.
52
66
66
20
Schuylkill Hav.— Stock (6 p. ct. rental).
Mineral Range Cons, mort., text, g.,red. at 105. .c
General mortgage, int guar, by Can. Pacific F.
Hancock <& Cal., oons.,M g., red. at 105, ass'd...
Hill
INTEREST OR DIVIDENDS.
Size, or
Rate per When Where Payable, and by
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
see notes
13 1866 $100&c.
o*
Middletown Un.<£ W. Oap— 1st Jd., ext-ln'SC
1871 500 &o.
2d mortgage, int. giiar. ext. tn 1896 (see text)..o*
1903
Midland Pacific— lat mort., gold, $25,000 per mUe
Midlatid RR. > f N'. J.— See N. Y. Susquehanna & West.
Mill Creek <t Mine Hill Nav. <£ BiJ.— Stock
1902
1,000
Millen <t Southweslern— 1st mort., $800,000, gold..
Milwaukee Lake Shore (6 Western— See Chicago & NORT H-Wes TERN.
Milwaukee <£ Lake Wi7inebago—See Wisconsin Ce NTRAL Rt.
Mine
87
PMla.,OtBce, 119
8. 4th.
New York. 44 Wall St.
All owned bv Can. Pac.
New York, 44 WaU St.
N. Y. Central Tr. Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N.Y., B'k of Montreal.
do
do
do
do
do
do
CMcago.
New York &
New York.
l8tN.B'k,Pt.Paul.Minn
Minn. L. & Tr., Minn.
Jan.l5,'03,2ifl
Jan. 1, 1931
Jan. 1, 1951
Jan. 1, 1931
Jan.l5,'03,2i«
Jan.l5,'03,2is
Jan. 1, 1907
June
June
Deo.
Apr.
Nov.
Moh.
1,
1,
1,
1,
1,
1,
1927
1909
1910
1921
1934
1949
1926
1936
1938
1949
1903 & 1907
Jane 1, 1942
Aug. 1, 1916
Jan.
Jan.
July
Jan.
1,
1,
1,
1,
Jan.l.*04-'08
1922
RliMsisHlppl Arlcansas dc Western Ry.— Owns from a point
Drew County, Ark., to Gaines Landing on the Mississippi Eiver in
Chicot County. Ark. Stock authorized $220,000. President Geo H.
Martin, Fort Dearborn Building, Chicago, 111. (V. 75, p. 442.)
initisonri Kansas
Texas Ry.-ROAD.— Operates a line with
northern termini at St. Louis, Kansas City and Hannibal, Mo., extending southerly across the Indian Territory and the Texas cotton belt te
tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with branches. (Tf See this company.)
Road orvned.
Operated not atoned.
Miles.
Miles.
Missouri Kan, & Tex. Ry,
Wichita Falls Ry
18
St. Louis to Red River, Tex 629
Denison & Washita VaL Ry.
Hannibal to Franklin Jc... 104
(V. 74, p. 1140)
20
Branches to Paolaand ParDenison Bonham &N. Or.RR.
24
sons, Kan., and Stevens,
Operated jointly.
LT.,&c
...
474 St. Louis to Texas Junction.
24
Mo. Kan. & T. Ry. of Tex.—
Kansas City to Paola
43
Red River to Houston, Tex. 548 WTiitesboro to Ft. Worth
71
Denison to Henrietta
112 lola to Piqua, Kansas
7
Other branches
431 Galveston Hous. <fe Hend
ffSO
hi
&
—
.
Total owned
Total operated June 30,'02.2,555
2,298
The Denison Bonham & New Orleans Ry., Denison to Bonham, Tex.
24 miles, has been operated under a ten-year contract since Dec, 1901
and the Dallas Cleburne & Southwestern Ry., Cleburne, Tex. to Egan
10 m. (to be extended to Dallas, Tex., 27 miles) under lease since Deo
20,1902. V. 76, p. 48.
Organization, &c.— Reorganized in 1890, without foreclosure, [plan
in V. 49. p. 719,] the old first mortgage being paid ofi' at par.
The $12,890,000 stock of the "M. K. & T. Railway Co. of Texas"
Is deposited with Central Trust Co. as trustee for the M. K. & T. security holders. (V. 54, p. 1047 V. 55, p. 298.) M. K. & Eastern was ab
eorbed in 1897, K. C. & Pac. in 1899 and Sher. Sh. & So. in 1901. V.
;
63. p. 30; V. 73, p. 609.
In 1902 the Ft Scott lola
& Western RR.. lola to Moran, Kan.. 15
and the Missouri Kansas & Northwestern RR.. Joplin to Minmiles,
29
were purchased. V. 74. p. 884, 1139. In Aug.,
190 i, purchased the incompleted Trinity Cameron & Western Ry.,
graded between Georsretowa and Granger, 30 miles. V. 75, p. 290.
In July, 1902, the Missouri Kansas &' Oklahoma Ry. began to construct three lines in Oklahoma, aggregating 275 miles, viz.. Guthrie to
Stevens. I T., with branchfrom Oklahoma City and one from a point
In the Osage Nation to Wybark, I. T.; in Nov., 1902, 23 miles from
Stevens to Dewey, were opened. V. 75, p. 1086. See Bonds below.
miles,
eral, Kan.,
V. 74, p. 1038; V. 75. p. 608, 1086.
In May, 1902. the Texas <v Oklahoma RR. was incorporated, with.
$3,500,000 stock, to build an extension from Oklahoma City to Colgate,
I. T., 105 miles, and acquire the Denison
Wdshita Valley Ry., Colgate to Lehigh, I. T., and branch, 6 mUes. Contract WdS let in Jan.,
1903. See Bonds below. V. 74, p. 1038, 1140; V. 76. p. 480.
Land Grant.— Land grant in Indian Territory 3,110,400 acres, subleot to extinguishment of Indian title. For status in 1897 and 1898,
see V. 67, p. 222.- V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p.ll55.)
Bonds.-M. K. &. T. 1st and 2d mortgages of 1890 [abstracts in V
51, p. 495] cover line from Hannibal, Mo., to a point 80 miles from
Houston, Tex., 941 miles [except 71 miles of trackage] and sundry
branches, the total mileage mortgaged being 1,601 mUes, including the
Sherman Shreveport & So., but see below.
These mortgages also cover the right to the land grant in the Indian
Territory. Firsts are reserved for T. & N. firsts; on Stock Exchange
to Oct., 1902, $39,718,000 had been listed.
Payment of interest on
the second mortgage of 1890 is obligatory since the coupon of Aug. 1,
1895; previously It received 2 p. c. interest yearly.
The MissouTn Kansas <t Eastern bonds originally guaranteed were
assumed in June, 1896, the road forming the St. Louis extension from
Franklin. Mo., to Texas Junction. Mo., 162 miles. See V. 63, p. 30.
Of the St. Louis division Ist refunding bonds; $4,666,000 were reerved for the retirement of both issues, the balance being for extensions and improvements on the division. V. 72, p. 1034; V. 75, p. 608.
The Sherman Shreveport dt Southern mortgage is for $6,000,000 at
$20,000 per mile; issued, $3,689,000, of which $2,000,000 pledged
under M. K. &T. mort. of 1890. The bonds, formerly guaranteed, were
assumed upon consolidation in May, 1901. V. 72, p. 1034. 1115.
Guaranties.— Dallas & Waco bonds are guaranteed, principal and Interest (issue limited to $1,340,000)
The Boonville Bridge 4s are guaranteed, principal and Interest, and
also as to sinking fund beginning 1911. V. 73. p. 494.
The M. K. <t T. in Texas mortgage eeourts $10,000,000 of bonds at
$20,000 per mile for extensions In Texas. They are guaranteed principal and interest. See above, and guaranty V. 56, p. 604.
The Southwestern Coal dt Improvement Oo.'s bonds are guaranteed.
Mortgage ($1,000,000) covers the coal on 51,000 acres in Indian Territory, and the company also owns 2,350 acres additional, the Denison <fe Washita Ry., 20 miles, mines in active operation, etc.
Oklahoma bonds are guaranteed, principal
The Missouri Kansas
and interest; the bonds are issuable at $20,000 per mile on new mileThe Texas
Oklahoma.
Oklahoma bonds
age to be constructed in
are also guaranteed; of the latter $968. 0(K) are issuable only in ex
change, $ for ,$, for the Southwest. Coal & Imp. bonds; balance for construction at $20,000 per mUe. Form of guaranty, V. 75. p, 185. V.
74, p, 1038; V. 75, p. 733.
&
&
&
SUPPLEMENT.
LNVESTOKS'
S8
RAILROADS.
For explanation of column headings,
on first page of tables.
<fec.,
Miles
Date
Size, or
of
of
Par
see notes
Road. Bonds Value.
Amount
Outstanding
ENTERE8T OR DIVIDENDB.
Rate per When Where Payable, and
Cent.
Payable
Whom.
dt Eastern—See MISSOURI KAN sAS & Texas
$100 $56,100,300
Missouri Kansas & Tea^s—Common stocK
100 13,000,000
Preferred stock, 4 per cent non-oumulatlve
"7'g.
1,000
187,000
100 1870
Tebo. <fe Neosho Ist mort., gold, s. f., red. at 100..
1,601 1890 500 &o. 39,813,000
4g.
M. K. <feT. 1st mortgage, gold, Ce
4g.
2d M. (formerly incomes), see text, gold.OTe. .. 1,601 1890 500 Ac. 20,000,000
1,000
127 1894
2,548,000
5 g.
Ist M. exten. bonds, gold. $20,000 p. m.«e..c*
1901
1,000
1,852,000
4g.
St. Louis Dlv., Ist. ref g M $6,000.000. F-.-C*
i62 1892
1,000
4,000,000
5 g.
Mo. K. ifeEast. IstM., $4,000,000 g., assum.Ce.
162 1892
111,000
1,000
5g.
2d mortgage, guarantee 1, being retired
202 1893
1,689,000
1,000
5 K.
So. 1st M., $20,000 p. m., yc., assu.Ce.o"
Sh. Sh.
1,000
2,500,000
4g.
Kan. City <fe Pacificist M., gold, assumed. Ce...o, 130 1890
Gi.iaranteed bonds—
67 1890
1,000
1,340,000
5 g.
Dallas &Waco ist M.,$20,000p.m.g.p.<fei.gu.Ceo*
1902
1,000
See text.
5g.
M.K.&Ok.,l8tM ,$20,000 p. m.,g.,gu.p<fci.Cec«fer
l»0^
See text.
1,000
5 g.
Tex.<fe Okla.,lst M. ,.$5,000,000. g.,gu.p.& i.Tac&x
180
1892
3,597,000
1,000
M.K.&T.ofTexa8l8tM..$20,000p.m.,g.,gu.«;ec'
5g.
1901
1,000
1,000,000
4«.
Boonv. Br., IstM., g., gu. p. Ai., end, s. f.Ce-..c*
f.,oall
968.000
6
at 125.
1889
1,000
8. W.C. <felmp. IstM.gu. p.<fei.,s.
100 77,802,875 5 in 1902
Missouri J>aci/i«—Stock ($100,000,000 autk.)....
283 1868
7,000,000
1,000
4 g.
Pac. RR. of Mo. 1st M., extend, in 1888, gold.Me
1,000
2,573,000
5g.
2d mort. ext. in 1891 tn gold, St. L. to K. Co* 283 1871
&0.
1872
500
800,000
ext.
in
gold.
Louis
real
estate,
1892,
5g.
1st M., St.
500
4»2
i.(end.)ext.'93
13
1873
237,500
gu.
p.<fe
Br.,
g.
Ist M. Carondelet
g.,
1.000
3,828,000
7
3d M. (oover'g all prope.of Pacific RR. of Mo.)Ce 296 1876
500&0.
650,000
Sedalia,
Mo,
gold
55
1880
Lexington
to
5
M.,
g.
Pacific
Ist
Mo.
14,904,000
1,000
6g.
Consolidated mortgage, $30,000,000, gold...o* 1,076 1880
c*<fer 1,120
1887
1,000
14,376,000
5 g.
Gold collateral trust.Un
c*
671 1890
1,000
9,636,000
5g.
1 St collat. mort. bonds for $10,000,000 g.Me
520,000
52 1886
1,000
5g.
Ler. & Caney Val. Ist M.,g., gu. (V. 70, p. 1095).o*
806.000
5 g.
81 1««6
1,000
Verdigris Val. Independence & W. Ist M.,g..guar.
1894 500 &0.
1,024,500
5g.
K.C.& N.W.,l8t M.pf."A"g.,lnt.rent.,red 105,Me
LXXVI.
[Vol.
iso^uM— Prlnoi-
by
pal,WheB Due.
Stocks—haai
Dividend.
Missouri Kansas
,
(fc
. . .
:
Equip. Ass'n obligat'ns. $230,000 pay.Sept 1 y'ly
]n:i8«onrl
1902
Kansas & Texas Ry.— (Concluded.)
30, 1902, these aggregated $2,236,535,
payable part yearly till 1908. V. 75, p. 608.
Latest Earnings.— 8 months ending Feb. 28:
Surphis.
Oross.
Net.
Charges.
$1,030,32.S
$2,494,473
1902-3
$11,970,847 $3,524,798
11,373,694
3,522,890
2,409,542
1,113,348
Operated 2,612 mUes in 1903, against 2,504 In 1902.
Annual Report.— Annual meeting first Thursday after first Monday
in April. Report 1901-02, V. 75, p. 608. See also editorial, p. 584.
1899.
1901.
1900.
Tear end. June 30.— 1902.
2,265
2,218
2,200
2,500
Aver. mUes operated.
$2,658,245 $2,152,768 $1,943,123
Passenger earnings.$3,040,842
9,394,922
12,632,692
12,097,618
9,886,995
Freight
592.289
647.220
586,749
717,865
Mail, express, etc...
Gross earnings.. ..$16,391,399 $15,403,083 $12,626,512 $11,930,334
8,012.829
8,765.470
Ope. exp.and taxes. 11,87 1,564 11,134,147
Net earn.,inc.oth.tn.^$4,553,6481I $4,307,073 IT $3,904,25111 $3,979,093
3,226,844 3,118,015
3,082,093
3,063,593
Interest on bonds..
371.292
366,817
417,865
389,142
Rentals., <fec
Balance
8r.$908,939 sr $799,916 8r.$450,866 8r.$548,683
11$33,813 in 1902, $38,137 in '01, $43,209 in 1900, $61,588 in 1899.
Officers.- Chairman and President, Henry C. Rouse, New York;
Vice-Pres. and Gen. Manager, A. A. Allen, St. Louis, Mo.; Vice-Pres.
and Treas C. G. Hedge. New York; Secretary, 8. Halline, 49 WaU St.
Directors— John I). Rockefeller William Rockfeller, Henry C. House, ColHoyt. Henry VV. Pour, Joel F. Kreeman, Clias. G. Hedge, James Brown
fate
'otter arid Herbert T,. Satterlee. New YorK; Myron T. Herrick, Cleveland. O.;
F. N. Finney, Milwaukee. Wis.; B. P. McDonald, Alfred J. Poor and T. N. Sedgwick, of Kansas: H.J. De Marez Ovens, Amsterdam, Holland.
—(V. 75, p. 392, 608, 733, 1087, 1399; V. 76, p. 48, 102, 266, 480.)
,
Missouri Pacitio Ry.— (See ilfnp.)— Operates an Important system extending westerly and southwesterly from St. Louis, Mo., including main Lines from St. Louis to Omaha, Neb., 495 miles, andfrom
Kansas City to Denver, Col., 758 miles, with many branches In Kan-
Through the St. Louis Iron Mt. & Southem,whioh it controls,
is had with Texas and the lines of the Texas & Pacific,
International & Great Northern and the St. Louis Southwestern, the
whole forming what is known as the *' Gould System," in which the
heirs of Jay Gould are largely Interested (see list of Mr. Jay Gould's
holdings, V. 60, p. 83.) The Mo. Pac. property includes
Leased liyits, ete—fOon.)
Milet.
Lines owned a7id controlled. Miles.
495 Leroy & Caney Valley
52
St. Louis to Omaha
Kansas
main
line
838
City
48
& 8. W
Other
owned
Other
lines
192
25 branches
1,701
sas, etc.
connection
Leased lines tic.
Trackage to St. Joseph, etc
35
Boonville St. L. & Southern... 44
81 Tot. Mo. Pac.andbr'nchlines.3,489
Verd. Valley Ind. & West
Also owns all capital stock of Central Branch Union Pac, etc., 388 m.;
St. Louis Iron Mountain & Southern and leased Unes, 1,773 miles.
Grand total Missouri Pacific mileage Jan. 1, 1903, 5,651 miles.'
Early in 1901 a large interest was acquired In the Denver
Rio
Grande BR. and so in the Rio Grande Western R.v., extending the
system as fa'- west as Ogden, Utah. The Gould and Rockefeller holdings in the Denver & Rio Grande are together understood to constitute
a large majority of the entire capital stock.
Hot Springs Western RR., Little Rock to
In 1901 the Little Rock
Hot Springs, Ark., 57 miles, was acquired. As to St. Louis Iron Mt.
Southern acquisitions, see statement for that company following.
Organization, Leases, &c.—The Pacific RR. of Missouri was sold in
foreclosure September 6, 1876. The present company was a consolidation in August, 1880, embracing the Missouri Pacific and minor roada.
The bonds of the proprietary lines are practically all pledged to secure
Mo. Pacific loans. The Iron Mountain stock Is mostly owned by the
Missouri Pacific. Control of the International & Great Northern
was secured in 1892 and of Central Br. U. P. In 1898-99. - See V. 68,
p. 329, 520. As to Texas & Pac, see below.
Stock.— In July.l 901 the authorized capital stock was Increased from
570,000,000 to $100,000,000. The amount outstanding on Dec. 31,
1900, was $50,432,150; this was Increased to $76,402,875 In
1901 by the conversion of $11,218,000 collateral trust bonds and
by issue of $2,983,500 for purchase of entire stock, and $2,983,500 "B"
bonds of K. C. Northwestern, and by further Issue of .$14,422,000
partly at par to stockholders] to purchase «14, 800,000 common and
7,300.000 preferred stock of Denver <te Rio Grande and for other purposes; in 1902 $1,400,000 was sold to pay for new construction, 56
miles. V.72, p. 1188, 1238, 1280; V. 73, p. 185, 1356; V. 75, p. 549.
Dividends— ) '82 '83 to '87 '88 '89 '90 '91 '92 to '00 '01 '02 1903
None 2«fl 5Jan.,2»«
Percent... s 6M 7 yearly. Sk 4
4
3
On July 20, '01, 2>a p. o. was paid; '02, 5 p. c (J&J); '03,Jan.,2%p o.
Bonds.-The consolidated mortgage Is for $30.000,000— trustees John
F. Dillon and Kdward D. Adams— the balance unissued Is in trust to
redeem prior bonds due If deemed best. Abstract in V. 47, p. 287.
The collateral trust bonds d7ie 1917 (Union Trust Company of Nev
York, trustee) are secured by mortgage bonds of newroads at $]9 00'
or $15,000 per mile; these embracing the line from Fort Scott, Kan.
to Pueblo. Col etc. For securities v)Iedged, etc., see V. 46 .p.678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874.
&
&
,
.
J.
F.
M.
A,
A.
A.
J.
F.
M.
M.
J.
M.
M.
J.
J.
P.
J.
M.
A.
M.
F.
M.
M.
F.
J.
M.
J.
N. Y. Office, 49 Wall
8t.
& D.
do
do
& A.
do
do
do
& N.
do
do
& O.
do
do
& O.
do
do
& O.
do
do
do
& D.
& A.
do
do
& N.
do
do
& N.
do
do
do
& J,
do
8.
do
do
&
do
do
& N.
do
& J.
do
& J., N. Y., 195 Broadway.
& A.* N. Y., Mercantile Tr. Co.
& J.
do
do
& N.
do
do
& O.
do
do
& N.
do
do
& A
do
do
& N.
do
do
8.
do
do
& A.
do
do
& J.
do
do
8.
do
do
& J. N.Y. Mercantile Tr. Co.
<fe
<fe
&
June
June
June
1,
1,
1,
1,
1,
1,
1,
1,
1,
1903
1990
1990
1944
2001
1942
1942
1943
1990
1,
1,
July 1,
Sept. 1,
Nov. 1,
1940
1942
1952
1942
1961
1929
Nov.
Apr.
Apr.
Apr.
June
Aug.
Nov.
May
July
1,
Jan. 20,'03,2is
Aug.
July
May
Oct.
Nov.
Auk.
Nov.
Jan.
Aug.
July
Moh.
Jan.
To
2,030,000
Equipment Notes.— On June
1901-2
J.&" D.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Sept..
1938
1938
1938
1938
1906
1920
1920
1917
1920
1926
1926
1933
1912
General Finances.— In Jan., 1903, $22,276,000 of the $23,172,588
Texas & Pacific 2ds had been exchanged for 65 per cent in a new St.
L. <fe I. M. bond. (V. 68, p. 283, 619, 725, 774.)
In July, 1901, dividends on stock were resumed. V. 72, p. 1238. The $11,218,000 convertible deben't of 1900 were exchanged in 1901 lor stock. See above.
Earnings- 2 months, ) 1903
Gross, $6,684,082; net, $2,077,268
Jan. 1 to Feb. 28. $ 1902
Gross, 5,434,247; net,
1,080,484
ANNUAL Report.— Fiscal year ends Deo. 31. Annual meeting is held
at St. Louis in March. Report for 1902 was in V. 76, p. .'>89. 5P9.
Earnings '»f Missouri Pacific system have been as below. "Other income" in 1902 Includes Interest on Tex. & Pac 2d mort. Incomes,
$1,113,800; Pacific Express Co., $216,000; Denver & Rio Grande RR,,
:
$365,000; coal companies, $150,000, etc.
Ib02.
Tear ending Dec. 31.
Miles operated
5,613
Total earnings
$37,495,688
Netearniug.-.
12,452,497
Other income, &c
2,422,139
Total net income
Interest and rentals
Taxes
sundry accounts
Dividends
Balance, surplus
1901.
5,570
$36,661,093
1900.
2,473,431
4,936
$30,511,313
10,653,146
2,709,619
$14,874,63
$15,519,010
$6,645,672
$6,615,889
1,123,374
1,082,916
56o,968
341,683
(5%)3,855,110 (596)3,563,802
2,689,512
3,914,720
$13,362,765
$6,699,107
946,394
783,261
1,547,242
3,386,760
13,04?),579
Officers.— President, George J. Gould; Secretary and Treasurer, A.
H. Calef, 195 Broadway, New York.
Directors.— George J. Gould, Russell Sase. Edwim Gould, Samuel Sl«aii, James
H. Hyde, John D. Rockefeller Jr Howard Gould. B. Parmelee Prentice, H"red.
T. Gates and Frank J. Gould, New York; C. U. Warner, Russell Harding, W. K.
,
Bliby.
St.
Louis, Mo.-(V. 75,
p. 1399;
V.
7e, p. 213, 543, d*stf, 694,
399.)
missourl Pacific System— St. Louts Iron Monutaln Sc
Southern Ry,—C<See3frtp.;— Owns St. Louis to Texarkana, Tex. Line.
490 m.; oranohes to Belmont, Mo., Bird's Pt, Mo. (Cairo), Camden, Ark,,
Helena, Ark., Cushman. Ark., Arkansas City, Ark., Warren, Ark., Memphis, Tenn., <fec.. 747 miles; Houston Central Arkansas & Northern Railway, McGehee, Ark., to Alexandria, La., 190 mUes; total owned January 1, 1903, 1,427 miles. Leases Little Rock & Fort Smith and Little
Rock Junction railroads, 176 miles; Kansas & Arkansas Valley RR.,
170 miles.
Total operated Jan. 1, 1903, 1,773 miles.
In Dec. 1901, holders of $22,276,000 of the $23,172,588 Texas A
Pacific seconds exchanged their bonds for 65 per cent in new Iron
Mtn. gold 48 beariner interest from July 1, 1899. See Bonds below,
also V. 68, p. 329, 380, 474, 520, 572, 619, 725. 774. In Dec, 1902,
the New Orleans & Northwestern RR., Vidalla. La., northwesterly to
Arkansas State line, 115 miles, was bought. V. 75, p. 1400.
In Mar., 1903. a line from St. Louis along the east side of the Mississippi River to Thebes, 111., with branch to coal fields, a total of about
145 miles, was about completed; a new short system from St. Louis to
New Orleans was aiso proposed via the west side of the river, and a
Pacific at Clayton, La., and a diagonal line
connection with the Texas
from the last-named line to a connection with the Mo. Pac. at Carthage, Mo., completing a 480-mile low-grade line from Kansas City t»
Memphis. Of these lines. West Memohis to Clayton, La., 278 miles,
was under construction, and Batesvllle, Ark., to Carthage, Mo., 254
miles, 82 miles of the last-named being completed. V. 76, p. 543, 600.
&
STOCK.— Stock was $25,788,435, of which $25.733,"90 Jan. 1,1903,
was •wned by Missouri Pacific—mostly acquired tn 1881. Authorized
limit Increased in
1903 to $90,000,000.
See below.
V. 69. p. 27.
DiviDEND-In 1899 2 p. 0.; In 1900. 6; In 1901, 6; 1902, 10.
Bonds.— General consoL mort. is for $45,000,000, Nos. 11,001 to
18,-
000 Inclusive are endorsed with the Missouri Pacific's guaranty of principal and interest form of guaranty was in V. 56, p. 650; they are a first
Uen on l,53s miles. (V. 68. p. 35, 233, 520.)
The gold 4s of 1899 (first issue $30,000,000) may be Increased
;
not over $10,000,000, at $12,000 per mile, for construction or
acquisition and equipment of branches and extensions.
They are
secured by a lien (sub Ject only to the general consols on all the railroads, terminals and equipment of the company, and also a first and
onlv lien on all stocks and bonds now embraced in ttie trust of the
gold funding note Indenture upon satisfaction thereof, all leased and
branch lines, or their bonds and stocks acquired by the loan, and all
Pacific seconds acquired, and all future extensions and
Texas
Of the $30,000,000 at presbranches constructed or acquired.
ent authorized $1«,250,000 were issuable to retire the entire
issue of Texas <fe Pacific seconds, and $12,114,000 to retire at once
$3,952,000 gold funding notes and $3,412,000 Kansas <fe Arkansas
&
Valley 1st 5s, and also eventually $2,596,000 Little Rock &. Ft. Smith
bonds, $435,000 Little Rook Junction 1st 6s, $683,000 car trusts, and
$200,000 Barini; Ooss Bridge bonds and the balance, $1,636,000
avaUable for Improvements. (V. 68. p. 619; V. 70, p. 997; V. 74. p. 206).
The River & Gulf Divisions 4s of 1903 (present Issue $20,000,000)
will be secured by a first lien on 677 miles of road built or under construction fsee above) and on terminal property at St. Louis, East 8t.
Louis, Cairo and Thebes and deposit of the bonds of the Union Ry. of
Memphis. Additional bonds may bo issuedup to atotalof $50,000,000
at not over .$30,000 per mile of main line for nnw eonstt notion, but
not exceeding the actual cost, and for arlditional terminals, equipment, double tracks, etc. see also above. V. 76, p. 543, 600.
April, 1903.]
RAILROAD STOCKS AND BONDS.
89
IKVESTORS' SUPPLEMENT
90
RATLROADS.
Miles Date
For explanation of column headings,
on ttrst page of tables.
Size, or
Amount
Par
Outstanding
Road. Bonds y alue.
&o., see notes
of
of
I
Vol. LXXVI.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
Cent.
Payable
Whom.
£>oiiAx,s— if t:\iio\-
When Duo.
Stocks—ItdnSi
Dividend.
pal,
Missouri Pacific System— (Omicluded) —
Loui^ Iron Mtninluin <£ Southerii —
Gen. oonsol. &> 1. gr. M. ($45,000,000) g.I»Ie....o* 1,538 •81tO'7 $1,000 $36,351,000
1,000
gold, stamped, guar. p. &i..c* 1.538
6,936,000
Do
do
1899
1,000
25,726,000
c* 1,538
Unifying & ref. M gold, $40.000 .Of 0..lip
1903
20,000,000
River & Gulf Divisions, Ist M., $50,000,000, g.
4g.
'80-'02
Cartnists Jan. ,1903, dueJune,^ept.<S ee. .yearly
2,829,000
6
1873
Baring_Cros8 Bridge Co., Istm., «old, red.to6p.c.
200,000
6
165 1875 1500 &o,
Little Rock & Ft. Smith Ist M..land gr. sini.fimd..
2.342,500
7
2 1891
1,000
435,000
Little Rock June. lstM.,gu. p.&l.by Ir. Mt.BIe.o*
6
100
900,000
4
MobUe dt Lirmmgh. i?R.—Pref. stock ($900,000)....
i49 1895 SOO, I,0O0
o
600,000
Prior lien, gold, $600.000.Ce
5g.
Wle.c 149 1895 200, IfOOO
1,200.000
4
Ist M., $1,200,000
84 1896
1,000
Mobile Jackson <e K. O.— lstM..g.,$4,000,000.Ce.C*
1,680,000
5 g.
100
Mobile & OAio— Stock (So. Ry. Tr. certs) gold
5,320,600 3ee text
lstM.,Mob. to Col. (prin.g.,int. lawfulmoney).F.o* 472 1879 500 &c.
7,000,000
6
55 1883
1,000
Ist M., exten.,Colum. to Cairo & branch,gold. K.c"
1,000,000
6g.
General mort. for $10,500,000, (now gold) s. f.Fc 527 1888 500 &o.
9,469,545
4g.
1,000
Montgomery Div., IstM.. $4,000,000, gold Ce.c* 189 1897
4,000,000
5g.
1900
1,000
Collat. trust, gold. ($2,500,000) call at par G.o*
2,496,000
4g.
iei 1886 500&0.
St. Louis & Cairo Ist mort., gold, interest guar.c
4,000,000
4g.
MobUe & B.Sh.lst M., $200,000, gu.,p.&i.,g.F.c*
38 1899 500 &c.
200,000
5 g.
•94-'98
5-6
Equipment bonds ($462,000 are 68)
1,000
493.000
1899
Equipment trusts "A" & "B" (V. 71, p. 749), s. f.
1,000
1,000,000
5
Equipment trusts, series A, C. F
1901
985.765
1903
i',6bo
Joint equipment notes ($19,000 due seml-ann.).
380,000
4
1,000
JKoA.«fi Jfa^.-lst M., $15.000p.m..g.,gu.p.&l.(en.) •» 0*^
182 1892
2,500.000
4 g.
3J^g.
Ck)n8ol. mortgage, $10,0iio,000,gold.ii
c*&r.
1902 1000 &c
3,900,000
Monongahela. River i^J?.— Bonds— See B. & O. RR.
Montana Cenirol—Bee Great Northern.
Montana RR.-lntM., g., $2,000,000
1,000
Ce.C 100 1900
See text.
5 g.
Montgom'yBeltL.-l st M. $200,000, lawful money o
1890
1,000
200,000
6
'«6<
Montanmery tf Erie iJ?/.— 1st M. (old 78 ext. In
1866
130.000
5
SI.
,
A.
A.
J.
&
O. N.Y., Mercantile Tr. Co.
<fe
O.i
J.
&
do
do
do
do
Apr.
Apr.
July
1933
.
'
i
I
.
,
Ansual Report.— Report
Year ending Bee. 31—
1902 in V. 74,
p. 590, showed:
1902.
1901.
1900
Gross earnings
$17,640,578 $16,961,021 $14,581,037
6,944.947
Net earnings
6,634,320
6,033,022
Other receipts
399,235
1,274,607
1,062,572
Total net income
6,432,257
7,903,927
8,007,519
Interest on bonds
3,170,531
3,118,403
3,070,598
Taxes, bridge exp., rent'ls, &c.
936,591
757,468
1,205,547
Dividends .;
(10% ) 2.578.831(6%)1,547,283 ( 6 %)1,547,242
Balancefor year
8ur.$l,222,974 $2,584,365 8ur.$608,870
—(V. 71, p 1121; V. 75, p. 982, 1400; V. 76, p. 213, 543.)
Mobile Ac Blrmineliaiii
MobUe to Marlon Junction. Ala.,
149 miles; opened in July, 1888. Leased to Southern Ry. from Mar. 1,
1899, for 99 years, the latter agreeing to meet the interest on bonds,
and to guarantee a dividend on the $900,000 preferred stock of 1
per cent for tlrst year, 2 per cent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock is owned by Southern Ry., and the voting
power on the preferred irrevocably assigned to the Southern Ry.
during the term of the lease. V. 68. p. 429, 1134; V. 69. p. 391; V. 71,
p. 1013. Foreclosure in 1895 per plan V. 60, p. 657.— (V. 72, p. 137.)
for
KR.—
& Kansas
City RR.—Owns from Mobile to
Hattiesburg, Miss.. 98 miles; extension under construction from Beaumont to Decatur, Miss.. 100 miles. In Kov.. 1901, acquired the Kingston <Sc Cent. Miss. RR., Laurel, Miss., to Bay Springs, 25 miles. V. 73, p.
1011. The Gulf & Chicago Ry., Pontotoc, Miss., to Middleton, Tenn
62 miles, narrow gauge, was purchased July 1, 1902. V. 74, p. 1196.
Mobile Jackson
,
Stock, $4,000,000; issued Oct. 1, 1902. $1,6X0,000; par of shares,
$100. Bonds limited to $20,000 per mUe. V. 70, p. 687. Report for
year ending June 30, 1902, in V. 75, p. 1199, showed, gross, $167,229;
net, $79,497; in 1900-1, gross, $140,730; net, $76,272. President,
F. B. Merrill.— (V. 74, p. 206, 1196; V. '5, p. 1199.)
Olilo
r-See Map Bo. JJj/.j- Owns from Mobile,
Mobile
Ala., to Columbus, Ky., 472 miles, proprietary Une, Kentucky & Tennessee RR to E. Cairo, 21 miles; branches to Columbus, Miss., Ac, 34
miles; Columbus, Miss., to Montgomery, Ala., 167 miles; with Warrior
Branch, 9 miles, and Blocton Branch, 12 miles; total owned, 715 miles;
St. Louis & Cairo (leased), Cairo to St. Louis, 152 miles, with branch to
Millstadt, 7 miles; total operated, 874 miles. The Mobile & Bay Shore
By., whose entire stock is owned and bonds guaranteed, extending
from Pritchards to Portersville on the Gulf of Mexico and Alabama
Port. 38 miles, wUl be merged in February, 1903.
V. 69, p. 856;
&
RR.—
V. 76, p. 158.
The Nashville
& Mississippi Delta RR., projected from Okolona to
Grenada, Miss.. 67 m., was in Sept.. 1902, about to let contracts on 30
m., its $500,000 bonds, it is nndei stood, to be guaranteed. V. 75, p. 666.
History, Etc.— Opened in 1861 securities readjusted in 1879.
Lands June 30, 1902, were 283,059 acres, valued at $155,602.
In 1902 the Southern Ry. had acquired $7,943,000 of the
$9,472,000 gen. 4s and $4,932,600 of the $5,320,600 stock, issuing,
doUar for dollar, its collateral trust 4 per cent gold bonds In exchange
for the M. & O. gen 48, secured by a pledge of the latter and also stock
trust certificates for stock, dividends being payable (A. & O.) at 2 per
cent for one year, 3 per cent for the second year and 4 per cent In perpetuity thereafter. The first div. of 1 per cent was paid Oct. 1, 1901.
The road will be operated Independently. V. 72, p. 241, 483.
;
Dividends.—First div.
paid Feb. 28, 1898. As to dividends
see paragraph above
Stock.— Stock authorized, $10,000,000; outstanding, $5,320,600;
par, $100. The voting power on $4,984,200 of the stock is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debenturea of 1879.
Bonds.— Under the general mortgage of 1888 there can be no foreclosure till four coupons are In default "Mortgage abstract, V. 47, p.
Interest on $4,000,000 St. Louis <fe Cairo 4s is
83. V. 60, p. 967.
guaranteed. As to Mont. Div. 1st 58, see application "V. 66, p. 1045.
Of the $2,500,000 collateral trust 4s of 1900, $2,163,000 were isBuable in exchange for the $6,500,000 St. Leuis
Cairo stock. See
V. 70, p. 532. In July, 1902, $6,489,000 stock had been exchanged.
Report.— Report tor 1901 02, V. 75, p. 903, Including Montgomery
Division, 188 miles, in last three years. The results of the MobUe &
Bay Shore Ry. (separately operated) for the year ending June 30,
1902, were: Gross, $56,015: net (over taxes), $24,460; charges, $11,453; bal., sur., $13,007. In 1900-1, gross, $46,679; net, $4,116.
1901.
Year end'g June 30—
1902,
1900.
1899.
(1 p. c.)
on stock trust certificates
&
MUes operated
874
874
876
688
$6,139,912 $5,996,731 $4,531,153
1,807,061
1,663,105
1,451,631
1,922,012
1,756,273
1,451,631
1.55 5,310
1.418,64 5
1,144.52 ?
Bal ance, surplus*.. $541,560
$366,762
$337,629
$307,104
* Equipment and new construction (additional to operating expenses) cost $271,748 in 1898-9
$314,990 In 1899 0, $389,416 in 1900-1
and $417,510 In 1901-2.— (V. 75, p. 903; V. 76, p. 48, 158.
Total gross earnings. $6,509,488
Net earnings
...2,020,302
Net, iQcl.oth. income. 2,130,667
Interest and rentals. 1.589.107
;
Mobile Ry. Terminal Co.— V.
75, p. 1203.
dc Malon*rS«« Jfap JV. 1'. Oewtrai.;- Owns from
Herkimer, N. Y., on the N. Y. Central's main line northerly to Malone,
CD thf Central Vermont, with branches, 182 mUee In aU.
Mobawk
RR.—
1931
1931
1929
1,
1,
1.
Quar'ly.
& J.
& O.
J. & J.
J. & J.
J. & J.
J. & D.
A.
O.
J. & D.
Q.—Jan.
M. & S.
F. & A.
Q.-F.
J. & J.
M. & N.
J.
A.
<fe
do
do
do
do
do
do
do
do
N.Y.,J.P.M.&Co.,&Lon.
N. Y.,J.F.Morgan&Co.
do
do
N.Y., Colonial Trust Co.
N. Y., J. P.Morgan & Co.
N. Y., Farm. L. <feTr. Co.
do
do
N. Y., Gallatin Nat. Bk.
do
do
N. Y., Guar. Trust Co.
N. Y. Farm. L. & Tr. Co.
1st Nat. Bk., Mobile, Ala
Various. N. Y., Farm. L. & Tr. Co.
Various,
do
do
M.
M.
J.
J.
M.
,
N. Y., Knickerb. Tr. Co.
N. Y., Gr. Cent. Station
&
8.
S.
&
&
&
N. Y., Central Tr. Co.
N. Y. , Metroporn Tr. Co.
Goshen. N. Y.
N.
«fe
J.
J.
To
Sept, 1911
Apr. 19. 189B
Jan. 1, 1905
Apr. 1. 1916
Jan. 1, '03, 2%
1, 1945
1, 1945
June 1, 1946
Apr. 1. '03, lifl
July
July
1927
1927
Sept. 1, 1938
Feb. 1, 1947
May 1, 1930
Jan. 1, 1931
May 1, 1949
ro 1908
1919
To 1908
To J'nel5,'12
Sept. 1, 1991
Mar. 1, 2002
Dee.
July
1,
1,
July
Jan.
1.
1,
1.
May
1930
1910
1926
History, Lease, Etc.— In 1893 N. Y. Central leased the road and
guaranteed its tirst mortgage bonds. New York Central owns the
$5,000,000 stock. In 1902 a new lease in perpetuity was made and
$10,000,000 3^2 per cent consols authorized, of which $2,500,000
reserved to retire at maturity the first mortgage bonds ard $3,600,000
for improvements and enlargements. V. 74, p. 830. Bonds, see V. 56,
p. 782.
Dividends
1898.
1899.
1900.
1901.
)
1896.
1897.
313
1
2
3
5
on incomes. >
2
Year ending June 30, 1902, gross, $1,087,927; net, $309,541; first
charges, $196,640; Int. on tncomes (5 p. c), $129,458; bal., def.,
$16,557 —(V. 73. p. 445, 1313; V. 74, p. 630, 830, 937.)
" Monon.»'—See Chicago Indianapolis & Louisville Ry.
Monongaliela River RR.— Road from Fairmont to Clarksburg,
W. Va., 31 mUes. Road opened in 1890. B. &0. owns aU of the $1,300,000 stock (par $100), the coal bonds being reduced te $1,000,000. Car
trust 6s, principal Apr. 1, 1902, $377,000.
Earnings.- For year ending June 30, 1902, gross, $526,958
$195,660; int., taxes, .etc., $40,585.— (V. 70, p. 1092.)
;
net,
Montana RR.— Lombard, Mont., to Harlowton, 94 mUea, and
from Summit to Leadboro, 6 miles; total, 100 miles. Extension from
Harlowton to Lewistown, 63 miles, is under construction, to be built,
perhaps, under a new charter.
Stock snthorized, $3,500,000; Issued, $1,574,000; par of shares, $100.
Of the $2,000,000 bonds, all outstanding, $999,000 are stamped redeemable at 105 and Int. on 6 months' notice, the remaining $1,001,000
being held Jujae 30, 1901, by the Northern Pacific Ry. as collateral for
$303,670 notes. Year ending June 30, 1901, gross, $101,124; net,
$23,448; int. and taxes, $19,861; bal., sur., $3,587. President. H. D.
Moore, Philadelphia, Pa.; Vice- E>res. and Treas., Richard A. Harlow,
Helena, Mont.; Bee, W. J. Fuchs, Helena, Mont. - (V. 71, p. 1167.)
RR.—
&
Purchased in June. 1901, by
Monterey Mexican Gulf
the Mexican Central Ry. Year ending Deo 31, 1901, gross, $1,414,801;
net, $1,406,964.- (V. 74, p. 937; V. 75, p. 290.)
MoniKomery Relt Line Ry.— Owns real estate and a belt
line In Montgomery, Ala., about one mile of track on Tallapoosa,
BeU, Perry and Columbus streets. Alabama Midland Ry. pays an
annual rental of $15,525. The Atlantic Coast Line RR. owns 90 per
cent of the stock. Capital stock is $200,000 par, $100.
Montgomery tc Erie Vty .—(See Map Erie Railroad.)—OwubtooA
from Montgomery to Goshen, N. Y., 1() mUes. Road opened 1867.
Leased in 1^72 to N. Y. L. E. & W. (now Erie RR.— which see.) Rental
Stock, $150,000. Dividends (A^ per cent per
Is $15,531 per annum.
annum) are paid May 10 and Nov. 10. Sinking f imd $6,500 per annum.
See V.74,p. 776.
Moore Co. A: Western
;
RR.—
Morgan's Louisiana & Texas RR. & SteamsliIpConipany.
—(See Map of SoxMeDi Pacific.)— TlOkD— Owns Algiers to Cheney ville,
205 mUes; branches, 95 mUes trackage to Alexandria, 24 mUes; total
railroad Unes. 324 miles; steamship lines and ferries, 3,176 miles.
Organization. The Southern Pacific Company owns aU of the $15,000,000 t-tock. Operated independently since Jan. 1, 1902, but In
count ction with bo. Pac. system. Company has 8 iron steamships and
6 ferry and river steamers and 6 tugs plying between New York and
New Orleans and between Uulf ports; also wharves and warehouses.
Earnings.— 7 months, ) 1902-3 . . Gross, $3,013,301; net, $1,430,541
3,476,680; net, 3,677,587
5 1901-2.... Gross,
July 1 to Jan. 31.
In year ending June 30, 1902, gross, $7,191,620: net. Including
other income, $3,007,483; surplus over charges, $1,H97.2S6; net due
00. onaer lease to 80. Pac. $1,731,224.-(V. 75, p. 290; V. 76, p 543.)
;
—
&
RR.—
fSee Map oj ueuiware Lackawanna <t
Essex
Morris
Western. )— Owns from Hoboken. N. J., to PhUllpsburg, N. J., 85 mUes;
branch, Denville, N. J., via Morris & Essex Tunnel, to Hoboken, N. J.,
35nule8; leases 37 mUes; total operated, 157 miles.
Lease.— Leased in perpetuity to Delaware Laokawanna & West, .which
assumed aU UabUlties and pays 7 p. o. per annum on the capita Istock;
whenever 30 p. c of gross earnings are sutfl^tent to cover interest on
bunds and 10 p. 0. on stock, l p. c. additional must be paid.
Bonds.— Of the $35,000,000 1st refunding 3 ^s, $23,988,000 were reserved to retire existing bonds, and $11,032,000 were applicable to
V. 70, p. 480, 477; V. 71, p. 1167. See
additions and Improvements
form of guaranty, V. 74. p 1303.
Earnings. —The road Is important to the Delaware Lackawanna di
Western as a route with terminal faculties on New York Harbor, but
the earnings show a larce annual deficit, viz After payment of rental
:
in 1901, $1,415,179; In 19O0. $l.990,853.-(V. 74, p. 864. 1308.)
Mount Carbon Sc Port Carbon RR.— Owns Mt. Carbon to Port
Carbon, Pa., 3 miles; second track, 2^ miles; total track 16 mUes.
Leased March 5, 1860, for 50 years to Phila. & Reading RR. and lease
assumed In 1896 by PhUa. & Reading RaUway. Rental $36,250 yearly
Muscatine North & South RR.— See page 173.
MuskciTon Urand
Rapids
Jc
Indiana
RR.— Owns
road.
Grand Rapids ro Muskegon. Mlcli., 37 miles trackage, G. R. & ind. at
Grand Kapids. 4 miles. Oi)erated by Grand Rapids it Indiana RR.,
which was foreclosed In 1896; consideration, net eiiruiugs Stock,
authoi Ized, $350,000; par,$100; Issued, $1,000. Coupon ot July, 1901,
;
April,
1908.]
RAILKOAD STOCKS AND BONDS.
91
9d
LNYESTORS'
RAILROADS.
Miles Date
For explanation of oolunin headings,
on first page of tables.
&o., see notes
of
<t
Moore
Co.
102
157
204
W
"as
mortKaee
C!on. M. (for $25,000,000) guar. D. L. & W. lJi»c**r
iBt ref. mort., g., $35,000,000, gu, p.& end. F. c'&r
Special real estate bonds
Morris & Essex Extension stock, guar. 4 per cent.
Ht. Oarbon dt Port Oarbon iJiE.— Stock (rent'l guar.)
Muscatine No. <t A'o.— Ist M., $450,000, sold.N
Muskegon Or. Rapids /nrfiana— Ist M., gold.Ce.
Narragansett Pier RR.—lBt mort., $100,000
Hashua eC Lowell—Btadk., 9 p.c. rental, 92 yrs.B.&M.
1st
120
120
28
37
rfS
8-5
15
—
Nashville Okatlatwoga <t St. Louis Stock
c*&r
Ist mortgage (for $6,800,000)
1st M. on Fayette, and MoM.brs. ($6,000 p.m.)c*&r
Branch
o*
1st mortgage on Lebanon
Ist M. on JasperBr. ($90,000 are Ss, due '06)Ce.c*
ville
Branch,
gold.Ce.o**r
Ist mortgage on Centre
o*&r
Ist mortgage on Tracy Cltv Branch
Dnck R. KR., 2d mortsrase, now Ist mortgage, g.
Consol. M. ($20,000,000). $20,000 p.m.. goldHJn.c'
W. & At. Incs .*442.000), $26,000 due y'ly,g.Ce.c
KtistiviUe <e Decatur— StocM., gu. 7^ p. c. by L. <te N.
Ifashville Florence <£• Sheffield— See Louisville <fe
Kashv. Term.— 1st M., g., Int. rent, red. 105, beg. '07
340
125
29
43
46
20
48
798
119
1898 300 <&c.
1886
1,000
1896
1,000
100
100
1873
1,000
1877
1,000
1,000
1877
•77-'83
1,000
1883
1,000
1887
1,000
1881
1888
1,000
1895
1,000
25
Nash
ville.
....
1902
National RR. of Mexico—
Pref. stock, 4 per cent, nou-cum $32,000,000...
Common stock, $33.350,000
Prior lien M., $23,000,000, g., call at 105. Uii.o*. 1,405
1,000
,
1901
$500<feo.
paid In Oct., 1902. Earnings for year ending Deo. 31,1902, grosa $164,491; net, $43,101; interest on bonds, etc., $38,100.— (V. 75, p. 793.)
Naslina &. Lowell
Owns double track road from Lowell,
Mass., to Nashua, N. H., 15 mUes. On Oct. 1, 1880, leased for 99 years
to Boston & Lowell. In 1887 lease was transferred to Boston & Maine,
which pays a rental of $73,000 (9 per cent on stock).
NashTllle Cbattanooga
St. Lonis Viy.—(8ee Map.)—
from Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to
Lebanon, &c., 485 miles; leases Western & Atlantic, Chattanooga.
Tenn.. to Atlanta, Ga.. 137 miles, and Memphis & Paducah Di»lson of
the Louis. & Nash ,255 miles. See V. 71, p. 544, 664, 864. Total operated July 1, 1902, 1,195 miles. Extension of Bon Air Branch Ry.
to coal tields was almost completed in October, 1902.
Organization.— A majority of the stock ($5,500,500) is owned by the
LouisvUle <fe Nashville, and pledged under its unified mortgage, etc., so
that the two systems are operated in close harmony. The Western &
Atlantic is leased from the State of Georgia for 29 years from Deo. 27,
1890, at $420,012 per annum.
Dividends ) 1888 1889 1890 1891 1892 1893 '94 '95 to Nov., '98
since 1887. .. S 4^4
5
5
5
5
3^^ 313 4 p. 0. yearly.
The 1899-1902 dividends were passed, surplus earnings to be used
for new equipment and reduction of floating debt
V. 68. p. 187.
Bonds.—The Tracy City branch 6s fall due $20,000 yearly on Jan. 1
to 1916 inclusive, and $100,000 on Jan. 1, 1917.
Consolidated mort. of 1888 provides that all prior bonds shall be paid
off at maturity; sufficient of the $20,000 p. m. are reserved for them.
Jointly with Louisville & Nashville guarantees $2,500,000 L. & N.
Terminal Co. bonds. See L. & N. V. 75, p. 1354.
General Finances.-Bills payable incurred for lease of Western
& Atlantic RR. and new equipment June 30. 1902, $806,452.
Latest Earnings.-July l to Feb. 28, (8 months):
Gross.
Net.
Jnterest.etc. Bal.,sur.
8 mos.
1902-3
$6,211,713 $1,816,747 $1,206,818 $609,929
1901-2
5,242,509
1,631,769 1,219,979 411,790
ANNUAL Report.—Report for 1901-02 In V. 75, p. 730, tnoludlng
Paducah <fe Memphis division, 254 miles, in 1900-01 and 1901-02.
Year ends June SO.
1902.
1901.
1900.
1899.
Mileage end of year...
1,195
1,195
935
935
Gross earnings
$7,992,530 $7,620,128 $6,487,318 $6,081,766
Net earnings
2,509.002
2,370,4162,246,734
1,982,059
Investments, etc
18,130
22,253
26,178
30,482
Net Income
$2,388,546 $2,531,255 $2,272,912 $2,012,541
Int. on debt and tax. .$1,156,768 $1,231,484 $1,262,005 $1,203,391
Rentals
625,878
625,877
422.268
422,268
422,268
Dividends
(1%)100,000
MisceUaneouB
81.189
54,514
42,7 31
32,347
Balance
sur. $524,711 8r.$619,380 8r.$525.908 sr.$254,535
-(V. 73,p. 336, 781,1313; V. 75, p. 28T, 730,1354; V. 76, p. 48.)
KR.—
Owm
&
.
Nashville & Decatar RR.— r/Sc« Map Louisville dt Nashville.)—
Owns from Nashville, Tenn., to Decatur, Ala., 119 miles. Re-leased to
LouisvUle & Nashville in 1900 for 999 years, the rental being 7^ per
cent on stock. The L. & N. July 1, 1901, owned $1,971,600 of the
stock.- (V. 68,
National
p. 928; V. 69, p.
1012; V. 70,
p. 1195.)
RR.
of i^exlcrt.— (See .2faj».>—Operates a road extending from Corpus Christi, Tex on the Gulf of Mexico, to the City
of Mexico, with branch to Uruapan, etc., which upon completion of El
Salto extension (cut off) building in 1903 from Huehuetoca to Gon,
zales,
166 miles, will consist as follows:
Standard Gauge— Owned Miles
Laredo to City of Mexico
City of Mexico to Taouba
Narrow GUAGE—Oicncrf.
Miles
802 City of Mexico to Uriapan. ..321
Aoambaro to Gonzales
55
rail track)
3 Rincon to Sai Luis de la Paz.. 31
Ctntura line (3 rail track)
3 Vanegas to Matahuala
37
Vontroiled — Secur. owned.
Leased—
Texas Mexican Ry., Corpus
Miohoacan & Pacific Ry.,MaChristi to Laredo, Tex., and
ravatlo to Zitacuaro
57
branch
162
(3
Total of all (see below)..... 1,471
Total standard gauge
970
Also controls by ownership of a majority of stock the Mexican International RR., extending from connection with the Southern Pacific
at Eagle Pass, Tex., to Duraugo, Mex., and to the National RR. of
Mexico at Monterey, with branches, 880 miles in all. and owns the detached branch (narrow gnage) not included in table above, from San
Miguel to Matamoros (7h miles) to be standard-saugcd and extended
to a connection with the main line at Monterey, the total distance from
Matamoros to Monterey to be about 222 miles; V. 76, p. 762. Grand
total National system, 2.427 miles.
In Mar., 1903. 639 miles main line, extending from Corpus Christi
south to San Luis PotosI were standard gauge and In operation, this
Including the Texas Mexican Ry.; V. 75, p. 1147.
Organization.— Incorporated In Utah on Feb. 24, 1902. an successor
without foreclosureof the Mexican National RR., per readjuRtment plan
Issued bv Speyer & Co. and Kuhn. Loeb ife Co. of New York and Hpeyer
Brothers of London, given In V. 73, p. 784.
The new company has
issued the securities shown in the table above in exchange for old securities and for the standard-gauging of the main line Iroiu City of
Mexico to Laredo, the construction of the El Salto extension.
Bonrts—Princl-
pal,When Due.
—
Outstanding Rate per TVTien Where Payable, and by Stocks Last
Cent.
Payable
Whom
Dividend, %.
1867
1897 $100&c
1878
1,000
1880
1,000
1893
1,000
50
1864 500 &o.
1,000
1875
1900
1,000
100
50
LXXVI.
Amount
Par
Var'us
ITOL.
INTEREST OR DIVIDENDS.
Size, or
Road. Bonds Value.
Erie (Oo7iel.)—2AM. (old 78 ext.)
<t TFcs<.— Ist mort.. gold $1,000,000. IB
Morgan's La. d Tea;a«— l8tM.(NOr.toMorg O.Fo
1st mortgage, Alexandria Extension, gold. F
General mortgage, K
Moms <t i'ssfj;—Stock, 7 p. o. guar. D. L. «fe
Mont.
of
SUPPLEMENT.
$40,500
438,000
5,000,000
1,494.000
5
$30,063,000
32.896.000
20,000,000
Goshen, N. Y.
Inter Trust Co., Boston.
N. Y.,S.Pao.Co.,23Broad
1,
1,
1,
1,
1927
1917
1918
1920
1913
Merc. Tr. Co., 6t Louis. Jan.
1,
1932
Repres ented b y voting trust certltlcat es.
413 g. Ij. & J.I N. Y., Speyer & Co,
Oct.
1,
192 6
7
6g.
1,000,000
5
15,000,000
7
5,000,000
7
11,677,000
7
3»3 g.
9.600,0 .>0
4ifl
1,800,000
221,000
4
282,350
12
398,000
5
750,000
5 g.
70,000
4
800,000
9
10,000,000 L for '98
6,300,000
7
750,000
6
300,000
6
461,000 6g. &8
376,000
6g.
360,000
6
22,000
6g.
7,452,000
In treasmry.
5 g.
71«
$3,567,382
1,(00 0C0
& O.
& S.
A. & O.
J. & J.
J. & J.
J.
J.
M. & N.
& D.
J. & D
M. & N.
J.&J.15
J. & J.
J. & J.
F. &. A.
M. & N.
Q.—F.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
M. & N.
A. & O.
J. & J.
J. & J.
& J.
A.
5g. M.
5
g.
<fe
.1.
.1.
Oct.
Mch.
Apr.
July
July 1,
N. Y., Del. Lack. & West, Jan. 1, '03. Sig
do
do
May 1, 1914
do
do
June 1, 1915
do
do
Dec. 1, 2000
do
do
1912
do
do
May, 1903, S%
Phlla., Read'g Term'l. Jan.15,'03,6%
N.Y.,N.Y. See. & Tr. Co. Jan. 1, 1929
July.'Ol, pd. Oct., 1902. July 1, 1926
R.I.Hosp.Tr. Co., Prov. Aug. 1. 1916
Nashua, Indian Hd. Bk. May,'03,4i«%
N. Y. and Nashville. Nov. 1, '98, 1%
N. Y.. Hanover Nat. Bk. July 1, 1913
do
do
Jan. 1, 1917
do
do
Jan. 1, 1917
do
do
Jan.,1906<fe'23
do
do
Jan. 1, 1923
do
do
Jan. 1904 to'17
do
do
Nov. 1, 1909
do
do
Apr. 1, 1928
do
do
Jan. 1, '04-'20
Nashville.
Jan., 1903, 3«li
do
do
do
do
155 miles; also the purchase of $15,786,100 of the $20,708,200 capital
stock of the Mexican International RR. See separate statement for
that company. In Dec, 1901, over 99ia per cent of the "A" and "B"
bonds, all the income bonds and over 97 1« per cent of the stock of the
Mexican National RR. Co. had accepted the plan. The Mexican National was taken over April 10, 1902, but the new company assumed
the former's accounts from Jan. 1, 1902. V. 74, p. 830, 835.
stock.— The common stock is $33,350,000 Of the preferred stock
$3,167,000 was in the treasury on Jan. 1, 1903.
Voting Trust.— Both classes of stock (except sutticient to qualify
directors) is vested in three voting trustees for five years or until
the preferred stock shall have paid 4 per cent cash dividends yearly
for two sucoesaive years, but the voting trustees may, in their discretion, deliver the stock at an earlier date.
Bonds.—The new bonds are reserved as follows
Reserved.
Prior lien 4^3 ptr cent gold oonds, bearing interest from
Oct. 1, 1901. Total issue [except to refund, $ lor $,
Mexican International RR. prior lien bonds, now
IU5.850,000] not to exceed $23,000,000,of which are
reserved for general purposes under proper restrictions but not to he sold before Jan. 1, 1904, except
to meet any unexpected increase in expenses of
changing the gauge and building El Salto exten.sion.
$3,000,000
First coiisoliduied mortgage 4 percent gold bonds. Total
Issue [except to refund, $ for $, Mexican International RR. lit consols, now $6,983,000] not to exceed
$60,000,000, of which there are reserved
Reserved to retire new prior lien bonds wnen due
23,000,000
Reserved for improvements and new equipment, at
not exceeding $500,000 a year
6,000,000
Reserved for acquisitions of new property and for extensions at not exceeding $10,000 per mile of standard-gauge Une, or $7 ,"500 per mile of narrow-gauge
line, on which the consol. mortgage will be a first Hen
9,000,000
The two new issues of bonds are secured by a first and second
respectively, on aU the property of the Company now
lien,
owned or provided for under the reailjustment and the El Salto extension when constructed, and also upon the securities of the Texas Mexican Rv., and $15,'?86.1 00 of the $20,708,200 capital stock and all of
the $4,499,000 incomes of Mexican International. Of the $22,000,000
consols issued, $756,562 were on Jan. I, 1903, in the treasury.
In June, 1902, an agreement was ma'ie to guarantee the $6,9 ?4, 000
Mexican International consol. 48, principal and Interest. See that
company's statement also V. 75, p. 77.
Gross, $1,632,788; net, $482,447
Earnings.— 2 months, ; 1903
Gross, 1,363,443; net,
^1902
Jan. 1 to Feb. 28.
426,022
Above figures are in Mexican currency.
Annual Report.— Fiscal year ends Dec. 31. Report for 1902, with
the balance sheet, etc., wa^ given in v. 76, p. 749, 761; see also editorial p. 726. Gross and net earnings below are given In Mexican curronoy, the income account In U. S. currency. For earnings of the
Mexican International (operated separately) see statement of that co.
income account— (U. S. CURRENCr EXCEPT GROSS EARNINGS.)
1901.
1902.
Year ending Dee. 31—
1.323
1,349
Average miles operated
$7,724,526
$9,262,860
Gross earnings (Mexican currency)
(Mexican
cuirenoy)
2,923,193
3,214,176
earnings
Net
1.329,429
1,410,198
Net earnings (United States currency)
;
INCOME ACCOUNT 1902.
Deduct—
$1,329,429
Taxes
Interest, discount and
$16,688
1.5.627 Rentals
1,793
exchauKe
383,597 Interest on bonds
1,557,299
Interest on bonds, etc.
on
Mex.
money
assets
Loss
119,927
Net earnings
Total
$1,675,707
$32,946
$1,728,653 Surplus for year
Directors.— E. H Harrtman, George J. Gould, W. B. Leeds, Charles H.
Tweed, Gordon Macdonald. Felix M. Warburg. Wm. G. Raoul, F. B Drake.
Henrj W. Taft. all of New York; L. e". Loree, Baltimore, Md.. GuiUermo
de Landa y Kscandon. Jose de Lauda y Bscandon, Emlllo Velasco. K. N.Brown
and Carl Smith, all of City of Mexico.
OFFICERS.— Pros., W. G. Raoul; 2d Vloe-Pres. and Gen. Mgr., E. N.
Brown; Comptroller, M.M Reynolds; Sec. and Asst.Treas., Wm.Burckel;
Treasurer, J M. Frazer. New York office, 1 Nassau St. -(V. 74, p. 1355;
V 73, p. 77, 981, 1032, 1147; V. 76, p. 594, 749, 761.
Total
RR.—Owns from Nesquehonlng Junction,
toTamenend, Pa.,17 miles; Tunnel Branch to Lansford, Pa., Imlle.
Leased for 999 years (with 5 p. o. guaranteed on stock till 1904) to the
Lehigh Coal & Navigation Co., which under its option has the right to
see item "Delaretire tne stock at par and Interest on Sept. 1, 1904
ware Division Canal" in V. 66, p. 1139.
Nesqnetaonlns Valley
Pa.,
;
Nevada-Callfornia-OreeonRy.- Reno, Nev., to Madeline, Cal.
145 miles; extension proposed to Lake View, Ore., 95 mUes. The Sierra
Valleys RR., Plumas to ClairvUle, Cal., is operated independently.
V. 74, p. 776. Stock, common, $1,450,000; preferred, $750,000, all
outstanding. During 1901-2 6 p. c. bonds were all exchanged lor 58.
Gross, $130,086; net, $17,982
Earninob- 8 mos., ) 1902-3
...Gross, 103,351; net, 37.741
$1901 2
July 1 to Feb. 28.
I
RAILKOAD STOCKS AND BONDS
Apbil, 1903.
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NATIONAL
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y-:'
R. R. of 3IEXIC0
MEXICAN INTERNATIONAL
^iMl^Hi NATIONAL
OnBiraMH MEXICAN
R. R.
RAILROAD OF MEXICO
INTERNATIONAL R. R.
aaMPROJECTED
LINES
)
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MAP OF THE
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94
INVESTORS' SUPPLEMENT.
RAILROADS.
I
I
Date
Miles
j
Size,
or
For explanation of column headings, &o., see notes
of
of
Par
Road.|Bond8i Value.
on first page of tables.
!
I
Amount
Outstanding
INTEREST OR DIVIDENDS.
Rate perl When [Where Payable, and by
4g.
A.
9
gross, $171,626; net, $40,971; other Income, $390; Interest, taxes,
$19,794; bal., surplus, $21,567.— (V. 65, p. 668.)
New England BB.—New
York New Haven & Hart. RR. owns
of the stock, and since July 1, 1898, has leased the road,
which includes: Lines owned. Boston to Hopewell junction, N. Y., 215
miles, and branches to Springfield, Mass.. Providence, R I., etc., 144
miles. Lines leased (see each company), Norwich & Worcester RR., 72
miles; Providence & Springfield RR., 28 m.; Woonsocket & Pascoag
RR., 9 m.; other lines, 38 miles; trackage, 29 mUes; total, 535 miles.
Through Norwich
Worcester RR. controls Norwich <te New York
Trans. Co.'s steamers. J 25 miles.
History.— A reorganization of the New York & New England (sold
in foreclosure July 9, 1S95) per plan V. 58, p. 762. In June, 1902,
there had been exchanged orwas held by the lessee all except $53,500
of the $20,000,000 common and $74,200 of the $5,000,000 pref. stock.
Preferred stock not exchanged receives dividends of 3 per cent per
annum under 99-year lease.—V. 66, p. 384, 617, 10o2; V. 69, p. 1012.
Bonds.- See guaranty of consols by N. Y. New Haven <fe Hartford
BR. V. 64, p. 611; $10,000,000 reserved to retire lsts.—(V. 69,p. 1012.)
Jftrsey Junction
Terminal road through Jersey City,
Hoboken *ua Weehawken, about 5 miles. Leased for 100 years from
June 30, lasd, to New York Central which guarantees the bonds absolutely and owns $100,000 stock. Connects with National Docks Ry.
Ne^v Jersey
New^ York
Owns from Erie Junction, N. J.,
to Gamerville, N. Y., 29 miles branches to New City, etc., 5 miles operates to Haverstraw, etc., 14 miles; total operated, 48 miles. Erie RR.
in April, 1896, purchased control.
Stock, $1,440,800 common; $787.800 preferred; par, $100. Control is with preferred stock and first
mortgage till 6 per cent has been paid on preferred for three years.
Earnings-Year ending June 30, 1902, gross, $342,095; net,
$85,548; interest, etc., $61,647; balance, $23,901,— (V. 65, p. 822.)
London Nortliern
Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall RR.,
Brattleboro to South Londonderry, Vt., 37 miles.
Leased for 99 years from Deo. 1, 1891, to Central Vermont. The
rental is $213,552 per annum, which leaves a small surplus after providing for inter., etc., and 9 percent dividends. Taxes and Improvements met by lessee, without claim on New London Northern.
Dividends.— 1888 to Apr., 1892, 7 p. c. yearly, then 8 p. c. yearly to
893,lnclu8ive, and since to Apr., 1903 (inclu.), 2H p. c. quar. (9 p.an.)
Mexico By. &. Coal.- (-Sec Jlfop).— Owns El Paso & Northeastern Ry., from El Paso, Texas, northeast 164 miles; to the Salado
Coal fields; controls and operates El Paso & Rock Island Ry., Carrizosa
to Santa Rosa, 130 miles, completed Feb. 1, 1902; Alamogordo &
Sacramento Mt. Ry., Alamogordo, N. M.. to CoxCai5on,27^miles (being
extended from Cox Canyon to Pierce Canyon. 4»« m.); Dawson Ry. &
Coal Co., Liberty, N. M., to Dawson, 135 miles, completed in ly03;
total. 55612 m.
In Feb., 1902, the El Paso <teRock Island Ry., with $2,500,000 stock,
of which 60 per cent owned by the N. M. Ry.
Coal, and $2,500,000 5
per cent guaranteed 50-year bonda, completed the road from Carrizosa,
N. M., to Santa Rosa. 130 miles, at a connection with an extension,
of the Chic. Rock Island &Pac., with which a close trafltic agreement
has been made for 9if 9 years, V. 71, p. 1219.
In 1903 the Dawson Railway
Coal Co., with $3,000,000 stock,
was completed from Liberty, N. M., north to Dawson, 135
miles, its collateral trust bonds being guaranteed, principal and Interest, and being secured by the stock and bonds ($3,00(5,000 each)
of the Dawson Ry. and those of the Dawson Fuel Co. ($1,000,000 each)
the latter owning about 25,000 acres of coal, mineral and timber lands.
V. 73, p. 900; V. 74, p. 776.
Stock— Stock, common, $3,000,000, all outstanding; 1st 6 p. c.
cum. pref., $2,000,000, authorized Jan.. 1903, of which $500,0(50 is
sued; 2d pref., 5 p. c. non-cum $1,000,000.
The coll. trust 5s of 1897 are secured bydeposltof aU the stock and
bonds of El Paso & Northeastern Ry. of New Mex. (.$2,700,000 of each),
the stock of the El Paso & N. E. RR. of Texas, $300,000 (no bonds Issued), and all the stock ($2,500,000) and all the bonds ($1,500,000) of
the New Mexico Fuel Co. the latter covering 3,500 acres of coal lands.
nearly
all
&
New
BB.—
&
BB.—
:
New
;
BB.—
New
&
&
,
Y.,
O. Coup.,olIloe;reg.,maUed
J.
g.
5g. A.
5g. J.
5g. J.
6g. A.
6g. J.
&
PhUa., 108 So. 4th
N. Y.,
J.
J.
J.
Moran
&
&
&
&
&
&
&
&
&
4l3g. J.
5g. A.
A.
A.
g.
&
&
&
&
Got.
O
O
O
J
J
O
J
J,
O.
May
1,
July
2,
July
Apr.
A»
Feb.
*»
1986
May
None ever paid.
June
8. Dep.& Tr.Co. Jan.
do
do
Jan
do
do
& Hud.
Riv.
1.
1,
Apr., 1903,21*
N. Y., Bk. of No. Amer.
N. Y., Colonial Tr. Co.
N. Y.,N. Y. Sec.A Trust.
do
July
Oct.
Oct.
do
Apr.
Jan.
July
Nov.
N. Y., Colonial Tr. Co.
do
1951
1919
1938
1921
1977
1905
1905
1945
1939
Boston,
New London, Office.
J.
1,
Mar., •03 ,2ifl%
St.
Bros.
See text.
J.
4^2 g.
J.
J
Up to 412 p. c
5
5
Co.
A.
A.
5g. A.
5
&
Speyer
N. N. Y., Central Trust Co.
S.
N.
Q.-J.
4&5
.
etc.,
N
F. «& A. N. Y. Cent.
—
,
O.
Dividend.
&
&
J. &
M. &
J. &
J. &
J. &
M.
M.
H
Surplus over charges, $42,284 in 1903, against ?20,204 in 1902.
Report for year 1901-2 was in V. 76, p. 262, showing, gross, $159,393; net, $55,814; int. on bonds, $24,960; taxes, $5,221; biiL, sur.,
$25,633. Pres., D. C. Moran, 68 Wm. St., N.Y.— (V. 74, p. 1196; V. 76,
p. 262.
Nevada Central RB.— Battle Mtn.. Nev., to Austin Nev., 94
miles, narrow gauge. Stock, $750,000. Interest on $717,000 bonds,
which paid an assessment of $120 per bond, guaranteed by the Nevada Co. of N. J., Is paid at N. J. Title Guarantee & Trust Co Jersey
City. In 1902 new mortgage was about to be made to secure $1,750,000 5 per cent bonds, the old bonds to be) retired. See V. 74, p. 379.
Earnings lor lPOl-02, gross, $38,479; net, $1,234: no interest paid
by railroad. Pres., Samuel Bamberger. -(V. 74, p. 379.)
Newark Somerset & Straits.— Sold to B. & O. See V. 70, p. 792.
Nevrbarg Datchess & Connectlcnt BB.—Owns from Dutchess
Junction, N. Y., to MUlerton, N. Y., 59 miles. A reorganization in 1877.
Stock, Etc.—Common, $500,000; pref., $600,000; par $50. There
were June 30, 1902, $226,000 coU. trust 5s; $1,164,500 income 68 and
$25,000 of 5 p. c. real estate M. notes. In year ending June 30, 1902,
&
Bo7id8— Prinol*
pal, When Due.
Stocks— laast
Whom.
Payable
Cent.
National RR. of ilexieo.— {Oonctiid^I .)—
First eonsoL M., $60,000,000, g. (see text).Ce.c* 1,405 1901 $500^0, $22,000,000
International RR. of Mexico bonds— See that co mpan
Naugatuck—See N. Y. New Haven & Haktford.
Neaqriehoning Fai.— Stock subj. to call Sep. 1, 1904
18
$50
1,418,600
Nevada-Oalif. -Oregon.— iBt M. $1,500,000, gold...
130 1899
1,000
450,000
Nevada Central— 1st M.,g.,non cum., inc. (s. f.) Ce
94 1888
1,000
750,000
Newhiirg Dutchess <t Connecticut— Col. trust bds.Ce
59 1891 500 &c.
226,000
Income mortgage for $1,625.000
r
59 1877
1,000
1,164,500
New England RR.—N. Y.& N. E. 1st M., cur.B «.c' 321 1876 1,000
6,000,000
Do
Istmort., cur..o* 321 1876
do
1,000
4,000,000
1st oons.M., $17,500,000, g.,gu.,p.<fe 1.. end.Ma.c*
359 1895
1,000
5,000,000
N.Y.&N.E. Bos.Term.lst M., $1,500.000. A B .c&r
1889
1,000
1,500.000
New Haven & Nohth.a.mpton. See New York N EW AVEN & Hart FOBD.
New Jersey Junction— 1st. M., guar., $4,000,000.c<fcr
5 1886
1,000
1,700,000
New Jersey <e New York—See Erie RR. Co.
New London Northern Stock
100
121
1,500,000
Consolidated M., now Ist M. ($688,000 are 48). c* 121 1880
1,000
1,500,000
N. Mex. Ry. <£ Goal— 1st & con. & col. tr. M., g.Col
1901
1,500,000
CoUat. trust, gold ($3,000,000) red. at 105.N....
i'es
1897
1,000
3,000,000
Alam. <fe Sac. Mt. Ist M., $900,000, g., guar...lV
36 1898
322,000
ElPaso&Rookl.,lstM.,$2,500,000,g.,gu.CoI.c''
i',6o6
1901
2,600,000
Dawson Ry. & Coal, CoU. tr., g., gu. p. & i.CoI.o* 130 1901 1,000
3,000,000
New Orleans <t North £a«?cr7i— Prior lien M., g.Ce.o* 195 1885 1,000
1,320,000
1st mo"tgage, gold.F
195 1881
1,000
100,000
o*
195 1902
General mortgage, $8,000,000, gold.P
1,000
5,260,000
c*
Income mort. (non-oum.), $1,500,000, gold.N.r.. 195 1902
1,000
1,500,000
Newport <6 Oincin. Bridflfe.—Stock, $1,500,000
100
1,500,000
Ist M., $1,500,000, g., 8. f gu. p. & i. end by Pa.F Colo* 1895
1,000
1,400,000
7r«tcrn<£i.Vor</irc.— l8tM.,$2,500,000,g.,red.textOB
1902
1,000
See text.
100
N. Y. Brooklyn dk Manhat. Beach^Covaiaoii stock..
350,000
Preferred stock, non-cumulative
100
20
650,000
Ist con. M. (now Ist M.) sold. guar, oy L. I.Ce.c*
20 1885
1.000
1,726.000
LXXVI.
[Vol.
do
N. Y., Central Trust Co.
N.Y. MiiUer, Sohall&Co,
Jan
N. Y., Farm. L. & Tr. Co, Jan.
g. (if earned) on Dec. 1, July
Pittsburg, Pa.
Oct.l
N.Y., Farmers L.&T.Co. July
Old Col. Tr. Co., Boston. Oct.
,
,
1910
1951
1947
1928
1961
^•f 1951
1915
1911
1952
19.52
'02,m%
**
1945
1932
Checks mailed.
O.
Apr. '03, 2ifl%
O. N.Y.,CorbinBank'gCo. Oct. 1. 1935
Of the first and consolidated and collateral trust 5s of 1901. $3,000.000 are reserved to retire the collateral trust 5s of 1897 and $2,000,000
are applicable for Improvements and new equipment. V. 74, p. 776.
The bonds of the Alamogordo & Sacramento M't'n Ry., of the El
Paso & Rock Island and those of the Dawson Ry. & Coal Co. are
fuaranteed. See above. Equipment trust notes February 28, 1901
175,912; notes payable, $221,985. Report for year ending June 30,
1901, in V. 74, p. 827, showed net earnings, $385,690; int. on bonds,
$144,121; bal., sur., $241,569. N.Y. office, 68 William St. V. 76,ip. 158.
BB.—
&
New Orleans, La., to
View Orleans
Nortb Eastern
Meridian, Miss., 196 mUes; 25 are 60 and 171 are 75-lb. steel rails.
Stock $6,000,000 (par, $100), of which $5,320,000 and $4,900,000 gen.
4*28 and $1,500,000 incomes were held by Ala. New Orleans Texas &
Pao. Juno. Ry.
Reorganized in 1902 per plan in V. 74, p. 681. Of the gen. 4ias.
$4,900,000 were issued in exchange for Ist 68, $1,420,000 are reserved to retire the remaining prior lien bonds and $1,320,000 for
future requirements. The plan reduced the fixed charges by $98,061.
Car trusts Apr. 1, 1903, $54,931.
Earnings.- For S^a months ending Mar. 14, 1903, gross, $1,598,076,
against $1,424,260 in 1901-2. Report for 1901-02, V. 75, p. 904.
Yr. end. June30.
Oross.
Net.
Other inc. Int., etc.
Balance.
1901-02
1900-01
1899-00
$2,030,262
1,929,812
1,856,200
-(V. 74,
New
p.
$532,035
475,883
519,615
268, 681; V. 75, p.
Orleans
&.
$3,460
5,864
3,402
185, 290, 904.)
Nortliirestern
$342,450
391,200
383,606
BB.— Owns
$193,045
90,547
139,411
from Vidalia,
La.,
northwesterly to Arkansas State line, 115 miles. Successor to the
Railway, sold in foreclosure in Sept., 1902. V. 75, p. 666. Stock,
$1,499,100, all acquired by St. Louis Iron Mtn. & So. (Mo. Pac, system). V. 75, p. 1400.— (V. 75, p. 342. 498, 666, 1400.)
New^ Orleans Belt &. Terminal Co.— Owns a belt railroad
encircling the city of New Orleans; also a large terminal property
at Port (jhalmette, containing about 2,300 acres, with 80 cotton warehouses, capacity of 250,000 bales, a grain elevator, etc. A reorganizaforeclosed in 1901. Stock,
tion of the New Orleans & Western RR
$1,000,000, and $2,500,000 50-year 4 per cent gold bonds, due Apr. 1,
1951. Standard Trust 'o., N. Y trustee, of which $1,000,000 are outstanding. In Jan., 1903, property was owned by a syndicate represented by Charles B. Van Nostrand, 36 Wall St., N. Y. City. For year
ending June 30. 1902, gross, $81,780; def. under oner, exp., $14,524.—
,
<
(V. 72, p. 722, 1280.)
Neiprport
Cincinnati Bridge Co.— Owns bridge from New-
Sc
&
Nash, is under contract to use
port, Ky., to Cincinnati, O. Louisville
Penn. Co. owns $1,340,000 stock.
bridge; annual rental, $115,000.
Dividends Oct., 1899, l^s p. c; 1900 to 1902, both inol., 3 p. c.each.
Earnings.-For year 1902 gross, $154,710 ; net, $107,173 ; interest,
etc., $63,859; dividends, $45,000; bal., def., f$l,685.— (V. 63, p. 1159.)
Newton & Nortliwesiern BB.— Projected
from Newton to
10* miles; in operation, Gowrle te Eraser, la., 21
miles. In Dec, 1902, extensions from Gowrle to Rockwell City, 19
mllep, and Eraser to Boone, 7 miles, were under construction, and
cne from Boone to N«wton. 57 m., was proposed. Successor in 1902 to
Boone Rockwell City & Northwestern Ry. Stock, $2,500,000. aU out>
standing. Bonds are subject to call on any Interest day at 110 and
interest. V. 75, p. 794. President, Hamilton Browne, Boone, la.; Secretary, WiUiam A. Kelley.— (V. 75, p. 794.)
Newr York Brooklyn & ITIanliattan Beacli By.—Owns from
Fresh Pond Junction to Manhattan Beach (Coney Island) find branches
to Bay Ridge and Greenpoint, 20 miles, of which 16 miles double track.
Lease, etc.— A consolidation August 27, 1885. Leased for 99 years
from May 1, 1882, to the Long Island RR. Co. at 35 per cent of gross
earnings. Rental guaranteed to be at least 5 per cent on pref. stock.
Bonds.—The L. I. RR. has attached to the bonds its unconditional
guaranty of prln. and int. in addition to f actsjas to lease.— (V. 73, p. 32.>
Rockwell City,
la.,
,
New^ York
&.
New York
&.
Brooklyn Tnnnel BB.—V. 76, p.
Canada BB.— Whitehall, N. Y., to
48.
Rouse's Point,
Stock, $4,000,000, par $100.
branches, 38 miles.
Lease. Etc.— Leased for long term by The Delaware <fe Hudson Co.,
which gutirantees the bonds, and has $3,768,642 invested in the property. See debenture guaranty, V. 64, p. 181.
N. Y., 113 miles
;
Oross.
Net.
Charges.
Balanet.
$1,184,761 $481,624 $333,714 sur. $147,910
Year to 51901-2
1,183,133
421,750
281,109 sur. 140,641
June 30. n900-l
—(V. 73, p. 337; V. 74, p. 1088; V. 75, p. 342, 1147.)
New^ York Canadian Pacific By.—See V. 75, p. 30, 394.
NeAV York Central ^Hudson Blver BB.— C^See Map.)—
History, &c.— Control of the Lake Shore and Michigan Central roads
was acquired in 1898, as stated below. Their earnings are reported
separately, but the dividends on their shares held by the Central are included in the Item " other Income," offset by a like amount of interest
on the collateral bonds Issued for their purchase. V. 71, p. 502.
In Jan., 1900, control of the Lake Erie & Western was acquired, also
a large interest in the Cleve. Oln. Chic. <fe 8t. Louis, increasing the
Vanrterbilt interest In the latter to an absolute majority, r he Central
has since transferred Its holdings In these companies to the Lake Shore,
which see. In 1900. also, an understanding was reached between the
Vanderbilt and the Pennsylvania interests, by which the latter be-
\i:
I
BAILEDAO STOCKS AND BOWDS.
April, 1903.]
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NEW MEXICO RAILWAY
g COAL COMPANY.
i^
Slraus"'^^^7S.
Ciudad
E
MAP OF THE
RANGE
^'/r
'°«
.}/.,Mt.ltiley
M
OA'hueco ^. HUEC&UTS CORNUDA
fr'Ankuh
^ Anthon!
X
^FORT
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PASO
PROPERTIES.
<
EL PASO & NORTHEASTERN RY.
EL PASO & ROCK ISLAND RY
6'
COAL LANDS SHADED
-J
96
RAILROADS.
MUes Date
For explanation of oolunm headings,
on flrst page of tables.
&o., see notes
of
of
Size, or
1
r. <i Canada— iBt M., sterling, gn. D. & H.Un.o*
Debentures, g., guar. p. Al.end. Del. <fe H. Co
Jfetr York Central Jt -Hudson -Birer—Stock.Tr.
1874 illOO&c
1896
1,000
100
1853 500 &o.
1884 1,000*0
1889 1,000*0
1890 l,000&o
1897 l,000&c
1898 l,000&c
1898 l,000&c
1900
100
100
100
1887
1,000
1896
1,000
1900 20,000
1896
lOO&o
50
50
1897 l,000&o
1902
1,000
100
1880
1,000
1883
1,000
1890
1,000
151
certlfs., (N.Y.Central), gold, $6,450,000.c<fer
Debentures, 1884, *10,000,000 1 All eq'ly f .. c<fcr
r
Debentures, 1889, $1,000,000. [ secured
Debent's, g., s. f., $13,194,000. fby mort. \ c*&r
Refund.M., $100,000,000, g.Ce of 1897. lo*<fcr.
OoUat. trust, g. ($100,000,000) L.. 8h. 8tk.G.0*<kr
do
do
($21,550,000) Mich. Cent. 8tk..G
Debentures Issued under B. <fe A. lease.
y. T. C hicagod St. Louis— Cominon stock
2d preferred (5 per cent, non-cumulative)
Ist preferred (5 per cent non-cumulative)
C!e.c*<fer
Ist M., gold, sinking fund not drawn
Ectnlp. tr. "B" g. $23,000 due yrly Feb.l5.,Ce.c<fcr
Equipment notes, $20,000 due semi-annually. ..
If. T. <e Greentc.X.— PrlorlienM.,gu.p.<fci...N.gxc*
If. T. (t JBTartem—Common, 14 p. c, 10% guar
Preferred stock, 14 per cent, 10% guar
Refunding M. (now Ist), $12,000,000, g...Go'&r
JIT. r. <t .Jersey— Ist M., $7,000,000, red. at 110. G.c*
N. r. Lackawantia <6 We«/e7vi—Stock, guar. 5 p. ct.
let mortgage, guar, by Del. Lack. & West
F.c*
Constr. mort., guar, by Del. Lack. & West.F...c*
3d M. Term. Imp. (for $5,000,000), gu. p. & 1...F.
Sew York Laics Erie tS Western— See Erie RR.
K. T. <i^L. ir.-Gen. M. (now Ist^
$2,500,000, g.C
|
I
819
.
I
523
523
523
505
53
145
145
136
214
214
214
214
1891
1891
38
38
reported Oct. 31, 1902
ficrv
Tork Central & Hadtson River RR.— Concladed.
the
1,000
1,000
Mileage.—The company's system
WewYorkto
Miles.
441
369
Buffalo
Branches
Lines leased.
H See
WestShore
Troy & Greenbush
Bpuyten Duyvll
<fe
IT
Pt.
M
Hew York & Harlem
Wew Jersey Junction
Rome Waterto wn & Og
&
6
6
137
5
...1[
Mohawk & Malone
Carthage
479
IT
Adirondack
TI
^
IT
IT
it
Gouvemeur & OswegatchleTI
Kew York Putnam
T[
<fe
Boston & Albany
Fall Brook Ry., etc
Beech Creek RR
^
IT
U
Wallklll Valley
consists of the following
Operated under contract.—
Terminal Ry. of Buffalo ...U
:
Pittsburg
Other.
&
11
13
Eastern
3
Trackage
this co.
108
Total in earnings
.3,319
Controlled— Operated separately.
Lake Shore & Mich So
111.413
Michigan Central
^[1,658
N. Y. Chic. <fe St. Louis RR. H 513
Lake Erie & Western
^ 725
.
624
182 Northern Ohio
165
IT
46 ••Big Four" System
112,234
13 Tndiana Illinois & Iowa
235
IT
24fi
59 Cincinnati Northern
it
393 Detroit Tol. & Milwaukee.. IT 133
231 Dunkirk All. V. & Pitts.. ..IT
91
160 Pitts. & Lake Erie 8 V stem.. IT 180
33 St. Lawrence & AdirondacklT
56
July 1, 1902 (319 miles 4-tracked) 11,026
.
Total owned and controlled
Stock.— Dividends on stock registered in London are payable in gold
at 49Jad. to dollar. As to new Issues, see " General Finances" below.
Dividends since 5 '91. '92. '93. '94. '95. '96-98. '99. '00-'02. 1903.
1890. Per cent, i 4^3 5^4
5
5 4^4 4 yrly. 4 5yly. lDcl.Ap.2i3
Bonds.— Description of debentures was on page 3 of Supplement
of April, 1895. They are all secured by the refunding mortgage of
1897 egrally with the 3^9. Ref. mortgage is for $100,000,000, of
which $70,377,333 reserved to retire all existing bonds atorbeforematurity and $14,622,667 for premiums; the remainder ($15,000,000)
la reserved for new construction after 1903.
In 1903 3^28 of 1897
had been issued to retire about $56,000,000 of old bonds.
Collateral trust S^^s of 1898 are secured respectively by deposit In
trust with the Guaranty Trust Co., mortgage trustee, of stock of the
Lake Shore & Michigan Southern and Michigan Central RRs. at the
rate of $100 of L. 8. & M. S. stock for each $200 of bonds and $100
of Mich. Cent, stock for each $115 of bonds outstanding. The total
authorized issues of 3i?s are $100,000,000 for Lake Shore and $21,650,000 for Michigan Central. The loans are secured by separate
deeds of trust. See V. 66, p. 288, 336, 760, 811.
The N. Y. Cent, issued In 1900 $5,500,000 of 100-year S^a per
cent debentures for certain propei ty not included in the Boston <fe Albany lease. See V. 69, p. 1102; V. 71, p. 502, 964.
OnARANTiES.—The company guarantees the securities of its leased
lines to a considerable aggregate— see separate statement for each company marked with a IT In the table of mileage preceding. It also guarantees Western Transit Co. 412S for $1,000,000 due February, 1903.
General finances.—The refunding of the $70,377,000 of old highInterest-bearing bonds into the 3iflS of 1897 during the years 1898 to
1905 wUl efteot a very large annual saving in interest charges to
Jan., 1903, about $56,000,000 old bonds had thus been retired; annual
aving in interest charges by refunding to Jan., 1903, abou; $1,325,000. V. 75, p. 1148; V. 76, p. 159.
In July, 1901, the company had acquired $45,289,200 of the capital
stock of the Lake Shore road in exchange forS^s p.c. bonds (see above),
leaving $4,177,300 afloat, including $533,500 guaranteed 10 per cent
dividends (see V. 66, p. 288, 336, 1238), ana also $16,814,300 of Mich.
Central stock, leaving $1,883,600 still outstanding.
In April, 1900, $15,000,000 stock was issued at par to provide new
rolling stock, and on Apr. 16, 1902, the stoekholders voted to increase
the stockfrom $115,000,000 to $150,000,000, $16,912,900 of the new
stock being subscribed for by stockholders pro rata at $125 per
Bhare. V. 74, p 151. A portion of the proceeds will be used for the
;
BUbstlnitlon of electricity for steam on
New York suburban
division
and New York terminal improvements, estimated to cost $20,000,000,
to be completed about 190tt. (V. 74, p. 151, 776; V. 75, p. 240,290,
650, 1203, 1254; V. 76, p. 266, 331.)
In 1902 control or virtual control of the Reading Co. was acquired
by the Baltimore & Ohio (Pennsylvania interests), who later agreed to
share the same with the Vanderbilt Interests, the purchase by the latmade through the Lake Shore & Michigan Southern. V. 76,
ter being
p. 101.
Average train load for entire system. Including company's freight,
was 387 tons in 1901-02, against 392 tons in 1900 01.
Earnings.— For 9 mos ending Mar 31, 1903, gross, $57,602,664:
against $53,248,728 in 1901-2. For 6 mos. ending Dec. 31 were:
6 moa.
Qross.
Net.
Other inc.
Charges.
Bal., nir.
1902
$38,«05,780 $12,870,393 $2,704,906 $10,.M4,984 $5,060,315
1901
37,864,688 13,587,5b7 2,483,489 10,374,292 5,696,764
Dividends of 2i« per cent called for $3,297,907 In 1902, against
$2,875,000 in 1901.
anndal Report.— Fiscal year ends June
given at length In V. 75,
p.
Outstanding
$4,000,000
1.000,000
132,250.000
a3,6l0.500
a4,480,00O
639,000
a5,094,00O
64,112,000
90,578,400
19,336,445
5,500.000
14,000,000
11,000,000
5,000,000
19,425,000
212,000
320,000
1,500,000
8,656,050
1,343,950
12,000,000
4,500,000
10,000,000
12,000,000
5,000,000
5,000,000
727, 737.
30.
Report for 1901-02 was
p. 704. Of
See also editorial
[Vol.
LXXVI.
Bonds ~ PrinoiINTEREST OR DIVIDEKD8.
pal,When Due.
Rate per When Where Payable, and by Stocks— li&Rt
Cent.
6g. M.
&
N,
N
412 g. M. &
5 In 1902 Q.-J.
M.
t'- M.
M.
5
4 It. J.
3I3 g.
Whom.
Payable
J.
F.
3^g. F.
3»2g J.
& N,
& S
& 8
& D
& J
&
& A.
& J.
Dividend.
London, Baring Bros.
& H. Canal Co.
N.Y.,D.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Sept. 1,
Sept. 1,
June
F.
M.
5g. M.
4g. M.
192,000
1,553,000
given In
is
&
&
&
&
&
do
do
do
J.
A.
N.
8.
8.
do
do
do
N. Y., Liberty
first left
do
Nat
1,
July 1,
Feb. 1,
Feb. 1,
July 1,
&
J.
190*
1904
1,
1,
N. Y.. Gr. Cent'l Stat'n. Apr.l5,'03,H4
N. Y., Gr. Cent. Station, May 1, 1905
3 in 1903 March. N, Y.,Gr. Cent. Station,
5 in 1903 March.
do
do
4g. A. <fe O. N. Y., Union Trust Co,
F.&A 15 N. Y., Central Trust Co.
5
4I3
J. & D. N. Y., Nat. City Bank.
M. & N. N. Y., 21 Cortlandt St.
See text. See text N. Y., Gr. Cent. Station,
See text See text
do
do
3l2g. M. & N.
do
do
F.
A. N. Y., Guaranty Tr. Co.
I'- Q.-J. N. Y., by Del. Laok.& W,
6
5
4
May
May
Bk,
do
1904
1904
1905
1997
1998
1998
2000
Mch. 2,'03, 3%
Mch. 2.'03, 5%
Oct. 1, 1937
Yearly to 1911
To Dec. 31. '10
May 1, 1946
Apr. 1, '03.2%
Apr.'l, '03,2%
May 1, 2000
Feb. 1. 1932
Apr.,'03, 114%
Jan. 1, 1921
Aug. 1, 1923
May 1, 1923
Sept. 1, 1941
Sept. 1, 1941
hand column.
the freight (35.599.689 tons) carried In 1901-02, about 33
jointly Interested in Ches. & Ohio Ry. V. 70, p. 76, 125, 1049.
Holdings of Vanderbilt estate. V. 71, p. 1221.
The Boston & Albany RR., 394 miles, giving a through line to Boston,
was taken over under lease Nov 10, 1900, Its operations being inoladed in earnings of system from July 1, 1900. See that company.
came
Lines owned.
Amount
amount out 8tandl|ng when refu nding began
a As
;
Par
Road. Bondsi Value.
JT.
Debt
SUPPLEMENT.
U^TESTORS'
p. o.
was
and coke.
Fears end. June 30.
MUes June 30
coal
1902.
1901.
1900.
3,320
3,323
2,829
Freight earnings
$40,«59,779
$34,273,141
$39,550,399
Passenger earnings
20.866,357
23,807,085
15,464,294
>Call, express, etc
5,916.355
4,825,517
6,43 7.004
Total gross earnings . $70,903,868
$6b,333,lll
$54,562,952
Net earnings
$24,040,379
$23,744,895
$20,511,365
Other income
4,530,294
4.716.745
4,876,023
Net Income
$25,228,110
$28,916,402
$28,275,189
Deduct— aentals paid
$6,939,127
$9,204,619
$9,174,239
Interest on debt
7,664,430
7,780,982
7,767,548
343,196
Taxes on earn. & stock...
853,231
980,087
Taxes on real estate
1,936,907
2,595,728
2,339,094
65,423
68,514
U. S. Int. Rev. tax
68,648
300.000
Reserved for deb'tures...
300,000
300,000
Dividends
(5)5.961,411
(5)5,750,000 (4%)4,937,500
2.000.000
Special impr'ment fund. .
1,500,000
1,75 0,000
Balance from operafn...
$1,041,527
$492,183
$305,307
Depew; TreasPresident, Wm. H. Newman; Chairman, Chauncey
W. K. Vanderbilt, P. W.
urer, E. L. Rossiter. Directors (April, 1902)
Vanderbilt, Chauncey M. Depew, Samuel P. Barger. J. Plerpont Morgan, WiUlam Rockefeller, Hamilton MoK. Pwombly, William H. Newman. Charles C. Clarke, D. O. Mills. William Bliss. George S. Bowdoln
and Edward V. W. Rossiter.- (V. 76, p. 48, 159, 480, 543, 705, 865.)
.
M
:
New York Cliicago & St. Iionls RR.— rSee Jfap of New Tork Cen-
<e Hudson Btver.)—0\ra6 from Buffalo, N. Y., to Illinois State Line,
except 8 miles leased between Dunkirk and Silver Oeek, leaving 494
miles leases the proprietary line, Chicago & State Line RR., 111., State
Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver Creek,
8 miles; total, 512 miles; trackage In Buffalo, N. Y., lifl miles, and
Grand Crossing Chicago, 111. (Lake Shore RR.). 9 miles.
History.— " Nickel Plate" road, foreclosed and reorganized In 1887.
Stock.— Lake Shore & Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
tral
;
Dividends.— ) '92. '93. '94. '95. '96. '97. '98. '99. '00. '01. '02 '035
5 5
5
3
4
5%
2%
Ist pf. In Mar. J 3%
Div. on 2d pref., 2 p. 0. In 1901; in 1902 and 1903. 3 p. 0. each.
Bonds.— A sinking fund of $100,000 per year Is provided when net
earnings are $900,000 or upwards, if bonds can be bought at or below
102; if not, the sinking fund lapses for that year, thus leaving $100,000
more for dividends. The original issue of bonds was $20,000,000, and
It has been reduced to present amount by the sinking fund purchases.
Statement of road under mortgage in Supplement of Sept., 1894. See
abstract of mortgage. V. 45, p. 541.
ANNUAL Report.— Preliminary statement for 1902 was In V. 76, p.
Report for 1901, V. 75, p. 133. PrlncipaUy a freight Une,
208.
freight in 1901 contributing $6,067,828 out of $7,485,484.
1900.
1901.
1902.
Tear ending Dec. 31—
$7,139,509 $7,485,484 $7,023,359
Gross earnings
5,293,678
Operating expenses
^^o.o^^-"^^
Rid 027 J 5,211,626
756.000
398,587
{
Additions, bet'm'ts and renewals. \
$1,525,482 $1,517,858 $1,331,094
Neteamlngs
26,721
32.291
32,696
Other income
$1,55><,078 $l,g.'i0,149 $1,357,815
Net, including other Income
777,000
777,000
777,000
Interest on bonds
104,092
154,217
185.650
Equipment trust charges
(5)250,000 (5)250,000 (.5)250,000
Dividend on 1st pref.*
(2) 220,000
(3) 330.000 (3)330,000
Dividend on 2d pref.*
$6,723
$38,927
$15,428
Balance, surplus
^•
Note.— Dividends from earnings of year given are paid In Maroh
of foUowlng year. Pres., Wm. H. Canniff.— (V. 76. p. 208.)
New York Connecting RR—V. 74, p. 830; V. 76, p. 382.
Map of Erie RR.)—
New York & Greenwood Lake Ry.—fSeeLake,
39 miles, and
Jersey City, N. J., to Greenwood
branches to Rtngwood, etc., 8 miles; Watohung Ry., Forest Hill to
Orange, N. J., 4 m.; total owned, 51 m. Stock, $100,000; par, $50.
Lease. —On May 1, 1896,wa8 leased to the Erie RR. for 999 years from
May 1. 189Q. Prior lien bonds are guaranteed, principal and Interest,
by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
Owns from
&
RR.—
Owns New York City to Chatham
Hnrlem
York
N. Y., 136 miles (foui^tra^ked 7 miles north of Harlem River). Als*
owns Fourth Ave. street railroad.
Lease.- The property (except the horse railroad) was leased April 1,
1873. for 401 years, to the N. Y. Cent. & Hudson River RR. for interest
on bonds and dividends at rate of 8 p. c. yearly, since increased to 10
p. o. through refunding of bonds. V. 70, p. 740, 1049. V. 71, p. 29,
1220. The street railway was leased in July, 1896, to Metropolitan
Street Ry. Co. for 999 years at $350,000 yearly (3»3 p. o. on stock) for
5 years and $400,000 (4 p. c.) thereafter. V. 62, p. 1(588.
REGULAR ANNUAL DIVIDENDS 1902.
10% (Jan. 5%, Julv 6%)
Guaranteed by N. Y. Central
4% (April 2%, Oct. 2%)
From MetropoUtan Street Ry. rentaL
AlsolnOot., 1899, a surplus distribution of 26p. o.— (V. 74, p. 1252.)
New
Aprik,, 1903.J
RAILKOAD STOCKS AND BONDS.
or
INYESTOES' SUPPLEMENT.
98
[Vol.
INTEREST OR DIVIDENDS.
RAILROADS.
Amount
Miles Date Size, or
of
Par
Outstanding Rate per When
For explanation of column headings, &o., see notes of
Cent.
Payable
Road. Bonds Value.
on first page of tables.
J<o»wts— jrTlnol-
pal,When Due
!
UTew Torle Keu) JSaven & irnr*.—Stoct. See text
r
1st mortgage (for $5,000,000)
c*
Debentores, exchangeable for stock 1903
Deben. ($5,000,000 each), our., non-convert.. c<kr
N. Y. Prov. & Bo8.,gen. M. (now lat),g.,a8s'dcAr
Shore Line let M. N. Hav. to N. London, assumed
flousatonlc old consoUdated mort. (assumed)...
yew consol. M. ($3,000,000) g. (assumed). F.c*
New Haven Steamb. M„ g., ass'd, call aft. 1904..
Bonds of Proprietary, etc.. Lines:
Bos. AN. Y. AirL. lstM.,N. H.toWllliman.,Ct.c*
Colchester RR. 1st mortgage
Danbury & Norwalk con. M. ($100,000 are 6s) .o*
Genl. M., Danbury ,Conn., to Wilson Point, Ac.o*
Harlem R.&Porto.lstM.gu. ($1,000,00068). F.c&r
2d mortgage, guar. (See V. 56, p. 813). F. c&r
Naugatnck IstM., Nauga. June, to Wlnsted, Ct.r
Debentures
New Haven & Derby, consol. mort. (Nov. lst)..o*
N.H.&No., con. s. f. $15,000 p. yr.,notdm.lJn.c*
c*
Northern Extension bonds
123
62
49
90
90
,
51
3ifl
36
36
12
12
55
"l3
98
28
Deb'tnres ext. in '96, non-oonv.,V. 62, p. 548.0*
"i6
Hoiyoke & W., leased, mtge. $200,000, guar..o*
New England and Old Colony— See those cos.
51
Providence &. Worcester 1st mortgage, currency
7
Nan. B'ch, Ist M. ($240,000 own. N.Y.N.H.&H.)
ir.T.O.di TT.— Ref. (Ist) M. $20,000,000, g..Me.o*<ti Text.
GK>ld notes, sec. by ist M. on Scranton Coal Co..
Do g., sec. by 1st. M. on Elk H. C & I. ,due e-a.o*
Car. trusts, $37,000 payable semi-annually. Ma.
Car trusts, $40,000. payable semi-annually
W r. rf 0^?atm JZjB.—Receivers' oertif., $585,000.. 128
IstM.. $3. 500,000
Mo.x.c*&r 128
Ne'w York
& Jersey RR.— Owns
$100
See text
8 In 1902
1883 l.OOO&c $2,000,000
4
f.
1893 100 &c.
See text
4
A.
'97-'01
10,000,000 3ifl&4g. M.
i",6o6
1892
1,000,000
4 g- A.
M.
1880 l.OOO&c
200,000
4ifl
4
A.
1880 500 &c.
100,000
1887
1,000
2,839,000
5 g. M.
1899 500 Ac.
225,000
5g. A.
1880
1,000
1877
1880
1,000
100
1883
1873
1,000
1,000
1881
1883 l,000&o
1902
1888
1,000
1879
1,000
1881
1,000
1886
1,000
1891
1.000
electricity.
Hudson
two
River, between
New York
The North Jersey and Jersey City Hoboken A Paterson
when completed. The entire tunnel
Street Rys. will use the tunnel
is expected to be completed in 1904.
Franchise,
V. 76, p. 436.
charges to he readjusted every 25 years. See V. 75, p. 77, 1354. The
Hudson & Manhaitan RR., which proposes to build a tunnel from
Jersey City to Cor tlandt St., Manhattan, is controlled by Iriendly in-
V. 76, p. 705.
Incorporated in New York on Feb. 11, 1902, as successor of the Hudson Tunnel Ry., sold in foreclosure per plan V. 73, p. 1313 (see also V.
70, p. 996 and 1149).—V. 74, p. 380. Stock, all issued, $8,500,000, of
which $3,500,000 is 6 per cent non-cumulative preferred; par of
ehares, $100. Of the $7,000,000 bonds, $2,500,000 are reserved for the
construction of the south tunnel. V. 74, p. 380, 577.
Officers.— President. Wm. G. McAdoo; Vice-Presidents, "Walter G.
Oakman and Edmund C. Converse; Secretary. Chas. W. King; Treasurer, Henrv A. Murray; directors, V. 74, p. 577: V. 76, p. 43^.
Office, 15 Wall Street. New York.— (V. 75, p. 1354; V. 76, p. 436, 705.)
New York Laeka-ivaitna &. AVestern Ry.—Blnghamton to Buffalo and Intemat'l Bridge and branches, 214 miles, of which the main
line, 213 miles, is double track; Delaware L. A W. has a lease for duration of charter from October, 1882, giving a guaranty of the bonds and
5 per cent yearly on the stock, bonds and stock being endorsed. See form
of guaranty of terminal bonds In V. 67, p. 1357 see also V. 68, p. 283.
Ne^v York I^ake Erie
TTestern
See Erie RR. Co.
Ne\r York Nevr Haven Sc Hartford
Covers Southern
Kew England and the only direct routes between New York and Boston.
^nes Owned in Fee
miles.
Leased (part Owned.)
Miles.
J^unctlon near N. Y. Caty to
New Eng. RR. (which see)
536
Springfield, Maes
122 Old Colony RR. (which see).. 616
Lines to Providence, Pittsfield,
Lines Leased
Utchfleld, etc
.316 Providence A Worcester
48
Leased and Oontrolled—
Other lines
58
Lines to Turner's FaUs, etc
268 Trackage to N. Y. City, etc
30
Other lines
43
Total oper. July, 1902(88 miles has four and 667 two tracks) ..2,037
Controls Fall River, Prov. A Ston., New Haven, New London & Nor.
wlch and Bridgeport 88. lines. V. 70. p. 842 V. 71, p. 643 V. 73, p.
721 V. 76, p.r480. European connections see V. 75, p. 794. 981.
HiSTOBT.—A consolidation In 1872 of the New York A New Haven
and the Hartford A New Haven. In years 1892 and 1893 acquired
control of several companies whose bonds are given In table above.
The Housatonlc, Shore Line, N. Y. Prov. A Boston and the Shepaug
Litchfield A Northern have been absorbed by consolidation. V. 69,
p. 742. See also Old Colony. Four-tracking, etc., at Bridgeport, Conn.,
to cost perhaps $3,000,000, was far advanced in 1903. V.69, p. 955;
V. 71, p. 644; V. 73, p. 138; V. 75, p. 729.
Slectric Railways.—ContTolB Stamford St. Ry., Merlden Electric Ry.,
electric railway between Harttord and New Britatn, 10 m., 14 miles
between Providence and Bristol, etc. V. 67, p. 732; V. 69, p. 742;
V. 71, p 644; V. 72, p. 137; Wor. & Conn. East. Ry., V. 75, p. 1203.
Capitai. Stock.—Stock authorized, $100,000,000.
Of this amount
$54,685,400 was outstandine Apr., 1903, and $16,397,200 was exohangeahle, $ for fi. for convertible debentures, of which about $15,000,000 had been delivered.
Stocliiiolders of record on May I'i will have tlie rlglit till June 1.
1903, to subscribe to new stock to an amount equal to 10 per cent of
their holdings at $175 per share, payable $50 on June 1, 190:^ $40 on
Aug. 1, 1903; $40 on Nov. 2, 1903, and $45 on Jan. 2. 1904 (auy Instalment may be anticipated the procee'ds to be used to pay for maturing bonds, new equipment, rolling stock and fioatlntc debt. This
win increase the outstanding stock, if all the debentures are exchanged, to $78,190,860. V. 76, p. 865.
DIVIDENDS.— ) 1873-1893.
1894.
1895 to Mar., '03, (Incl.)
Percent, s 10 yearly.
9
8 (2 percent quar.)
BOKDH.— The ctmvertible debentures ot 1893 for $16,397,200 are exchangeable at option of holder not later than June 1, 1903, for stock
at par. If not tten exchanged they will be paid in cash AprU 1,
1908. Under the lease New Haven road "assumed" the debt of Old
Colony. In Mar., 1901, $10,')00,000 non-convertible debentures wee
authorized, $5,000,000 of which were sold, the proceeds to be used
In part for improvements at Bridgeport, Conn. V. 72. p. 627: V. 73.
p.r721; V. 75. p. 729.
Leased Line Stocks.-The stocks of the leased lines unexchanged
on June 30, 1901,orlater, and the dividends payable thereon are shown
below, the shares being all $100 each excepting Danbury A Norwalk,
which are $50 each. The leases are for 99 years.
Stocks—
Total issite.
Unexch. IHvid'd. Period.
Berkshire
$600,000
$599,000
6 p. c. Q.— J.
B. A N. Y. Air Line pref
2,998,,500
1,396,000
4 p. 0. A. A O.
do
do
common.. 898,500
154,700 Pays no dlvld'd.
Danbury A Norwalk
600,000
152,925
5 p. o. J. A J.
Naugatuck
2,000,000
1.006.400 10 p. c. J. A J.
N. H. A Derby
447,000
21,600
4
J. A J.
terests.
;
&
RR.—
RR.—
—
—
;
;
;
;
,
(1)
575,000
1,200,000
700,000
700,000
200,000
1897
1,000
1,500,000
1880
250.000
1892 i.obo&c 16.937.000
1899
1,000
2,050,000
1900
1,000
3,200,000
1902
1,000
363,000
190 J
359,000
1,000
1900
535,000
1897 l,000&c
1.728,000
partially constructed tunCity (Manhattan
Borough) and Jersey City, about 4.000 feet of the north tunnel having
been completed and 1,580 remaining to be built; of the south tunnel
600 feet has been constructed. Terminals in New York will be in the
neighborhood of Christopher and Hudson streets. To be operated by
nels under the
500,000
25,000
500,000
150,000
2,000,000
1,000,000
150,000
LXXVI.
Where Payable, and by Stocks— lotst.
Whom.
Dividend,
-M^ New Haven, Co.'s Office.
Mar. 31,
'03,
2
& D. N. Y., Chem'al Nat. Bk. J >ie 1, 1903
& O. N. Y., Lincoln Nat. Bk.
-etext.
& S.
New York,
Mch. 1, 194'7*
& O.
do
Apr. 1, 1942
& S. N. H., Nat. N. H. Bank. Mch. 1, 19ltf
& O. New Haven, Conn.
Apr. 1, 1910
& N. N. Y., Farm. L. A Tr. Co. Nov. 1, 1937
A O. N. Y., Lincoln Nat. Bk. June 1, 1919
F. & A. N. Y., Lincoln Nat. Bank Aug. 1, 1905
5
7
J. & J.
New Haven ,Conn.
July 1, 1907
5&6 J. & J.
do
do
July 1, 1920
A. & O.
5
do
do
Apr. 1, 1925
6&7 A. & O. N. Y., Chem'al Nat. Bk. Oct. 1, 1908
4
J. & D.
do
do
June 1, 1911
4
J. & D. New Haven, Ct., Treas. June 1, 1913
31a
M. & N.
New Haven, Conn,
5
May 1, 1918
A. & O.
do
6
do
Apr, 1, 1909
A.
5
& O.
do
do
Apr. 1, 1911
J. & J.
do
5
do
July 1, 1904
A. & O.
1
do
do
Apr. 1, 1911
A. A O. Prov.,R.I. Hosp. AT.Co Oct. 1, 1947
4
2ifl
A. A O. Treas., Old CoL, Boston. V. 72, p. 675
M. A S. N. Y. Office. 56 Beaver. June 1. 199S
•^
N.Y.,N.Y.Sec.&Tr.Co.
j.'a'd. N. Y., Morton Trust Co.
4i«g. J. A D. N. Y., Manhat. Tr. Co.
4i^,g. M. A S
New York.
6
.1.
A .1 Of. rec, 27 Pine St., N. Y.
4g. M. A N Nov. ,'98,coup.la8t paid.
5
5
g.
g.
Aug.'03Feb.'ll
J'ne'03 J'ne'16
To June, 1908
Sep.'oa-Sep.'OT
By July, 1903
Nov.
1,
1917
Total issw.
TJnexch. IHvid'd. Period.
England, common
$52,500 Pavs no dlvld'd.
$20,000,000
do
do
preferred
5,000,000
74,100 3 p o. Oot.31,&o
Old Colony
16,608,900 11,089,900
7
(3.—J.
Pawtuxet Valley (par, $ «))... 100,900
100,900
7 p. o.
A J.
Stockbrldge A Pittsfield
448,700
437,700
6
Q.
Earnings. -For 6 months ending Dec. 31:
G<-oss
Net
Oth.lnc. Tnt ,tax^*,ete.
Bcil..$ur,
6 w)»,
1902 ...$23,.595,456 $6,846,932 $276,067 $4,096,716 $3,026,283
1901.... 22,226.796
7,373.791 498,866
4,074,960
3, 97,697
Annual Report.— Annual meeting is held third Wednesday in Oct.
Report for 1901-1902 was in V. 75, p. 730
rr. end. June 30.
1902.
1901.
1900.
1899.
Miles operated..
2,038
2,038
2.038
2,047
Pas8engeream8.$21,223,631 $19,853,093 $19,764,755 $18,384,831
Freight earns... 21,871,642
19,864,701
20,164,753
18,381,849
Miscellaneous...
425,814
395,643
414,517
377,237
Gross earnings. .$43,521,087 $40,132,311 $40,325,151 $37,143,917
Net earnings. ...$12,247,213 $12,033,332 $12,100,311 $11,562,661
Other income ...
613,060
562,560
546,121
623.423
Tot. net income$12.P 60,273 $12,646,391 $12,646,432 $12,186,084
Int. on bonds... $1,306,838
$1,100,119
$1,166,967
$1,062,435
Other interest...
521
496
10,953
1,858
S'.ocks—
New
.
Rentals
4,464,711
4,451,634
4,476,258
4,537,875
2,410.380
2,367,636
2,484,605
2,171,167
Dividends
(8)4,296,568 (8)4,294.738 (8)4,231,278 (8)4,158,688
Balance
8ur.$382,2yo(8ur.$363,548 sur.$391,3.i5 8ur.$207,282
Officers.— President, John M. HaU, tfew Haven; Secretary, W. D.
Bishop Jr.; Treasurer, Wm. L. Squire, New Haven, Conn.
Taxes
Directors.— William 'Sbinner. Hoiyoke. Mass.; W. D. Bishop, Bridgpoort. Conn.
Carlos French, Seymour, Conn.
J. Plerpont Morean, William Rockefeller,
Cbauncey M. Depew, George McC. Miller, New York; Josepb Parh. Rye: O. D.
Newton Barney, Hartford. Conn.; Charles K. Choate and Nathaniel Thayer,
Boston; Royal C. Taft. Providence; C. F. Brooker, AoHonia, Conn.; I. De V.
Warner. Brldeeport; J. M. Hall, Arthnr O. Osborne, Geo. J. Brush, New
Haven: Frank W. Cheney. South Manchester; Edwin Milner, Moosnp. C«nn.
(V. 76, p. 102, 382, 480, 543, 651, 706, 752, 865.)
:
—
Ne^v York & Long Bra ncliRR.—Perth Amboy to Bay Head.N. J.
38 miles. Leased In 1888 for 99 years to Penn. RR. and Cent. RR. of
N. J., which Jointly and severally guarantee interest and 7 per cent on
all owned by Cen. RR. of N. J.— (V. 72, p. 438.)
"New York Ontario & Western Ry.— ("See Kap.;—Operates
$2,000,000 stock,
from Weehawken, opposite N. Y. Clty,_to Oswego, on Lake Ontario:
Miles.
Road Owned—
Road Controlled, ac.
Miles.
Oswego to Cornwall, N.Y
272 Pecksport Conn, (leased)
4
Branch to New Berlin
22 Ontario Carb, A 8. (leased.)
do
do
to Delhi
to EllenvlUe
Cadosla.N.Y., to Scranton, Pa. 54
17
Rome A
8
(Jlinton (leased)
HIS
Blng. (leased). 1131
Utica CUlnton
A
7
319 Wharton VaUey (owned)
Trackage (till 2079) W. Shore RR.: EllenvlUe A Kingston (leased) 28
C'nwalltoW'h'ken(V.61,p.425) 53 Port Jervls Mont. A Summltv.
(leased)
Mi2
Total
TT
owned
See this Co.
Totaloperated Jan. 1,1903
551
&
Dec. 2, 1902, the Port Jervls Monticello
New York RR. was
foreclosed and was succeeded by the Port Jervls Montloello&Summltvlll« RR. The new organization is controlled by the New York Ontario
A Western Ry and Its line, la connection with the EllenvlUe branch
Klng.ston RR forms a through line, put in operaand the ElleavlUe
tion Dec. 22, 1902, from Port Jervls to Kingston. V. 76, p. 1400.
Organization.-The New York A Oswego Midland was sold In for*"
closure Nov. 14, 1879, and this company organized.
Stock.— Stock is $58,118,982, (par, $100), of which $5,000 Is old pref.
Voting Trust.—The preferred was originally $2,000,000, but all except $5,000 has been exchanged for bonds under act of June 8, 1885.
The exchanged preferred stock Is held alive under a voting trust and
elects eight of the thirteen directors under a provision of the " Artlolea
of Association," until a dividend shall have been earned and paid upon
the common stock. The voting trustees elect directors in the interest
of the common stock. See V. 61, p. 425, 426, and editorial. V. 65, p. 495.
Bonds, Etc.—Refunding morigage for $20,000,000 covers 319 mllM
of road owned, all the securities of the Ontario Carb. A Scranton Ry.,
54 miles, and all other property hereafter acquired. The balano«
unissued is available for additions, improvements, etc. V. 72, p. 87.
Gkneral Finances.— In 1902 surplus earnings w«re being applied to
double-tracking 107 miles ot main line, to extend over three or four
years, to cost about $1,500,000. V.74, p. 830; V. 75, p. 505.
Early In the calendar year 1899 the coal properties at Scranton,
Pa., of the Lack. Iron A Steel Co., (the capacity of the coUlerlea
then open being about 700,000 tons per annum) were purchased by
the latter
O. &
the Scranton Coal Co .aided by loans from the
Issuing its $2,500,000 S p. c. notes (reduced to $2,050,000 April,
1902), extending over a period of years secured by first mortgage on
the coal property, and loaning $1,475,000 (of which $305,000 has
been repaid) secured by a second mortgage thereon, the O. A W. obtaining a contract for the entire tonnage. V. 68, p 41. 429. The
coal companies are expected ultimately to take) care of all the obUgar
tlona created. V. 69, p. 604, 646.
On
&
,
NY
W
,
I
April, 1903.]
RAILROAD STOCKS AND BONDS.
SUPPLEMENT.
INVESTORS'
100
RAILROADS.
Miles Date
For explanation of column headings,
on first page of table.
<feo.,
see notes
Par
of
FP
<fi
.
112
112
57
57
12
12
72
1
i27
127
127
.
$50 $2,000,000
1899
1,000
2,600,000
1899
1,000
1,000,000
1887
1,000
1,200,000
1894
1,000
4,025,000
1887
1,000
984,000
1887
1,000
1,000,000
1880 500 &0.
3,500,000
1881
1,000
250,000
1887
1,000
1887
1,000
1890
1,000
1895
1,000
1893 l,000&o
Oar trusts
Allied conipanies—
& JEast'n, Ist M., gold, guar. p. & i.«. .c*
Susq. Connect. RR. Ist M. g.,red. at 105, gu.BIp c
Middletovn Un. & W. G.— See that company.
Passaic & N. Y., Ist mort, (999 years, rental)...
65
10
1892
1897
91
6
1885
1896
1887
1893
1882
1902
144
144
1891
WUtesb.
Macopln RR., Ist mort. (br'ch to Macopin Lake)
N. Y. 8. & W. Coal Co., 1st M. (1,050 acres, s.f.).o'
N. Y. & WUiesbarre Coal Co. Ist mortgage... Co
N.T. Tex. <£ Mex.—lst. M.,g.,$or *,gu.by 8o.Pac.Fo'
Norfolk tfi Forttmouth Belt Xirie— l8t mort.
Norfolk <e Carolina - See Atlantic Coast Line RR.
Norfolk <e SoM<Aern— Capital stock
Ist mortgage, $10,000 per mile, gold. A
o*
Norfolk^ Hesf. -Bj/.— Com. stock, $66,000,000. A..
Adjustment pref. 4 p. o. non.cum. $23.000,000.A
a There are also $53,000 not guaranteed.
GP
70,000
44,000
426,000
450,000
al,465.000
250,000
100
1,000
100
100
In November, 1900, eight independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
Hm Coal & Iron Co., the N. Y. O. & W. issuing its $3,500,000 5 per
cent sinking fimd first lien gold notes secured by the Coal & Iron Company's first mortgage, these notes maturing $75,000 each 6 mos., beginning June 1, 1901, to June 1, 1911, and thereafter $200,000 semi annually to Deo. 1, 1915. In the event of any additional mortgages
being placed on the railroad properties besides the refunding mortgage, the notes are to be secured pari passu with such new obllgafatlons. The Elk Hill Co. also made a second mortgage to the N. Y O.
W. for $2,400,000 at 5 per cent. V. 71, p. 1270; V. 73, p. 501.
The company's coal tonnage is derived from the following sources:
;
Scranton and Elk Hill companies (as above stated), total maximum
capacity, 2,700,000 tons; other companies, 300,000; shipments from
washeries, SOO.COO tons.
Earnings— 8 months, ) 1902-3. Gross, $3,800,684; net, $925,589
July 1 to Feb. 28.
5 1901-2. Gross,
3,892,577; net, 1,056,227
For 6 mos. ending Deo. 31, 1902,net $714,575, against $1,045,156 in
1901; other income, $196,929; charges, $653,750, agst. $334,465; bal.,
sur., $257,754, against but., $634,312 in 1901.
Ankual Repobt.— Fiscal year ends June 30. Annual meeting last
Wednesday in September. Report for 1901-02 was given at length in
V. 75, p. 495, 505; see also editorial, p. 475.
Goal traffic in 190102, 2,455.305 tons (out of 3,612,487 teas), against 2,361,026 in '99-00.
Tear ending June 30.
1900.
1902.
1901.
Gross earnings
$5,456,696
Operat'g expenses and taxes. 4,167,754
Balance, net earnings
$1,298,942
Tot. net income.incl. "other." $l,81o,917
Interest on mortgage bonds . .
677,4 80
MisoeU.interest and discount
Rentalspaid
277,032
197,446
$5,322,884
3,777,137
$4,963,483
3,414,917
$1,545,747
$1,962,991
654,133
232,092
197,533
$1,548,566
$1,822,258
617,480
153,471
192,282
Balance, surplus
$879,233
$658,959
$859,024
Pres.,Thos. P. Fowler.— (V. 75, p. 1400; V. 76, p. 213, 382.)
Ne\r York & Ottawa RR.—Tupper Lake. N. Y., to Ottawa, Can.,
128 mUes. Stock, $2,540,000. In Apr., 1900, Henry W. Gays was
appointed receiver. V. 70, p. 842. In July, 1900, $585,000 receiver's
oertifloates were authorized, of which $400,000 were issued. V. 71, p.
135. Foreclosure sale under the first uiortga.ge has been postponed;
all the first and nearly all the second mortgase bonds have been deposited with 8pencer Trask & Co, under a bondholders' agreement, but
no reorganization plan had iieen formulated to Apr., 1903. V. 75, p.
394, 7M4.
There are $63*,000 second mortgage incomes outstanding. Year ending June 30, 1902, gross, $193,232. Coupons of May,
1899, and since in default.-(V. 71, p. 646; V. 75,
p.
304, 794.)
May 24,
52 miles.
to Can-
t<old In foreclosure on
74, p. 1139. In Apr., 1903,
1902, to F. A.
Howard Cobb. V
plan of reorganization had not been arranged. For year 1901-02, gross, $96,679; net,
$2,054; charges, $18,349; balance, def., $16,295.— (V.74, p. 1139.)
A
Y.,
New YorU Pennsylvania & Obio RR.— See Erie RR.
New^ York: Ptalladelpliia & Norfolk RR.— Delmar, DeL.
to
Cape Charles, Va., 95 m., and King's Creek, Md., to Crlsfleld, 17 miles.
Reorganized in 1898-99 without foreclosure, per plan in V. 66, p. 760.
Securities.- Stock, $2,000,000, all outstanding, $285,625 having
been subscribed for by stockholders at par in Mar., 1903; par, $50; repreaentf d by negotiable trust certificates issued by Fidelity Insurance
Trust
Safe Deposit Co. of Phila. Of the $3,000,000 1st is, $400,000
are reserved for improvements. V. 68, p. 773, 978. As to iuijomes,
see V. 68, p. 978. Interest on incomes, 2 p. c, semi-annually paid
Nov. 1, 1899, to Nov., 1902, both inclusive. First dlv.on stock, 2 p. c,
paid Jan. 3, 1901 ; June, 2 p. c; Dec, 2 p. c; 1902, 5 p. c. (J.
D.)
Earnings.— Year ending June 30, 1901, gross, $1,251,773; net,
$436,146; other income, $3,120; charges, $270,895; dlv. (4 p. c), $68,»75; bal., sur., $99,796. -(V. 74, p. 988; V. 76, p. 159, 436.)
&
&
New
Putnam RR.—
York &.
Owns 155th Street and 8th Ave.,
K. Y. City (terminus Manhattan Elevated) to Brewsters, N. Y. 54 miles;
double-track branch to Yonkers, 3 m.; operates 2 m.; total, 59 miles.
History.— Successor to the N. Y. & Northern, sold under foreclosure
of 2d mort. Dec. 28, 1893, and purchased for N. Y. Central & Hudson
River RR., which operates it under lease— see V. 63, p. 754, 820, 1159.
Decision, V. 74, p. 380. Capital stock Is $6,500,000 par, $100.
Bonds.- The New York Central guarantees the new consolidated
mort. bonds, of which $1,000,000 were reserved for improvements; also
$1,200,000 to retire at maturity the first 5b.— (V. 74, p. 380.)
Keacli Ry.—fSee Map Long Island RR.)
Neiv York
—Owns from Glendale Junction to Rockaway Park, lO-ai miles, with
1*43
branch,
tnlles; total, 11 74 miles double track, mostly 80-lb. steel;
To be equipped electrica ly. V. 75, p. 1145. Stock, $1,000,000; par
$100. Leased June 30, 1902, by Long Island Railroad Co., whose
endorsement is printed on first mortgage bonds, of which, June 30,
1902, $101,000 owned by L. I. RR. and deposited under its unitied
mortgage, together with $905,333 of the Incomes. Year ending June
30, 1902, gross, $387,140; net, $181,620; other income, $2,973; bal.
over charges expended for Improvements.- (V 66, p. 1046.)
,
,
;
& Rockaway
<fe
M.
5 g.
g.
5g.
4iag.
I'-
&
J.
ii. M. &
6
J.
5
J.
6
6
M.
M.
4g.
A.
5
F.
&
&
&
&
&
&
Dividend.
Checks mailed.
Dec. 1,'02, 2i«
26 So. 15th St. Jan. 1, 1939
N. Checks mailed(see text) Jan. 1, 1939
New York City.
O.
Oct. 1, 1927
O. N.Y., Gr. Cent. Station. Oct. 1, 1993
8. N. Y., U. S. M. & Tr. Co. Sept. 1, 1927
D,
J. Phila.,
O. N.Y.,Of.21 CortlandtSt.
D.
Apr.
June
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
Feb.
do
do
do
do
June
Moh.
do
do
do
do
do
do
n't pd.wh.due
July
J.
J.
A.
A.
N.
N.
D.
S.
D.
D.
S.
N. Nov.,
'02,
Aug.
May
May
O. N.Y..S.Pac.Co.: London.
A. Phila., Fidel. Trust Co,
1,
1,
1,
1,
1.
1,
1,
1,
1910
1910
1,
1942
1907
1911
1937
1937
1940
1905
1943
1,
Deo. 1, 1910
Dec. 1, 1916
Mch.
Nov.
1,
1,
1,
1,
Apr.
Feb.
1912
1933
1912
1938
2,000,000 4 in 1902 Q.-J. N. Y., Atlantic Tr. Co Apr. 10,'03,1%
1,380,000
& N.
5 g.
do
do
May 1, 1941
64,469,200 2i2ln'02 J. & D. Office, Philadelphia. Decl9,'02,li«
22,752,800 ,4 In 1902 F. & A.
do
Feb.?,0,'03, 2%
do
M
New York Susquehanna &
"Western
Owned (infee) or entire 8tk. Miles
Susq. Connecting
RR.— (See Erie
RR
Map.)
10
25
Jersey City to Gravel PL, Pa.. 101 Other branches
[Double track 19 mUes.]
Lines leased, etc.
Miles.
rwoBridges,N.J.,toUiiionville 21 Middletown Un. & Water GaplT 14
Wllkesbarre & Eastern
65 Trackage
2
Total road operated (Usee this oo.) June 30, 1902
.238
History.- Consolidationln June, 1881, of the Midland of New J. In
1898 nearly aU of the capital stock was exchanged for stock of
the Erie RR., which operates the line as an independent outlet to New
York. See V. 66, p. 53, 83 and 759.
Stock.- Pref., $13,000,000; com., $13,000,000, of which the Erie
owned June 30. 1902, $12,378,900 common and $12,892,400 preferred,
of which $6,630,000 common and $6,630,000 preferred are deposited
under its Pennsylvania collateral trust mortgage.
Dividends.— ) Nov., 1891, to 1892.
None
On
pref., p. ct.
2^ yearly.
$
Bonds.- <7ewerai mortgage
since.
bonds are reserved to retire the
second mortgage i^s. See mortgage abstract, V. 52, p. 84. The
$econds are exchangeable for generals on payment of an assessment.
As to terminal bonds listed in Sept., 1893, see Supplement of Jan.,
1898, and abstract of mort. V. 57, p. 512. The WUkesbarre <£ Eastern
58,
1st 5s are unconditionally guaranteed.
V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each M&S.
Earnings.— 8 mos.,
) 1902-3
Gross, $1,538,603; net, $581,938
July 1 to Feb. 28.
< 1901 2
Gross, 1,892,620; net, 891,529
Report.— Report for 1901-02 In V.75, p. 1028, showed on 238 niUes.
Gross.
Tea*".
Net.
Charges.
0th. Inc.
Bal. Sur.
1900-02
$2,583,928 $1,113,345 $3Z,622 $924,608 $2^1,359.
1901-01
2,504,887
1.047,249
29,570
930,238
146,581
-<V. 75, p. 849, 10^8, 1032, 1302, 1400.)
New^ Ifork Texas
JTIexIcan Ry,— C<See Map of Southern
Pacific.)— Oyras from Rosenberg to Victoria, Texas, 91 miles; branch
from Wharton, Tex., to Hawklnsville, 48 miles. Completed Jan., 1903.
Stock, $630,040, of which Soutiiern Pacific Company owns $615,000,
There are also $53,000 old sixes outstanding and 3b-year Matagorda
division bonds Issued at $15,000 per mile, due Jan. l, 1931, int. J.&J.,
on the branch from Wharton to Van Vleck, 31 miles. Operated by
South. Pao. Co., which guarantees the 4s.
EARNIN08.-7 months, ) 1902-3
Gross, $288,262; net, $124,230
July 1 to Jan. 31.
Gross, 230,632; net,
93,586
S 1901-2
In year ending June 30, 1902, gross. $383,671; net, $149,167; balance
over charges, $27,612. Due So. Paolflo Co. June 30, 1902, $823,236.—
&
(V. 76, p. 543.)
&
RR.—
Owns Norfolk, Va., to Edenton, N. C,
Southern
(ferry across Albemarle Sound to Maokey's Ferry, 9 miles ;J
thence road to Benhaven, 30 miles; Norfolk to Virginia Beach, 18
m.; Kempsville to Mnnden's Point, 22 m.; total main line, 144 miles.
Norfolk
74 miles;
New Yorit & Pennsylvaula RR.— Shingle House, Pa.,
isteo, N.
&
&
&
&
&
&
&
&
&
&
&
&
2,000,000
4,361
500
£ &$
&
J.
J.
A.
A.
2fi3,000
3,000,000
250,000
"500
1902
6
Whom.
Payable
M.
5,000
3,745,000
447,000
2,551,000
1,000
1,000
1,000
In
i
LXXVI.
Vol.
Bonds— fTinolINTEREST OR DIVIDENDS.
pal.WTien Dn©.
When WTiere payable, and by Stocks— L&Bt
„^
Amount
of
Road. Bonds Value Outstanding "cent.
T. Phila. <£ Korfolti— Stock, $2,000,000
o*
IstM., $3,000,000, gold..
Income mort., g., non-com., reg, ($1,000,000) FI»
Pttmam.— N.Y. & No., Ist mortgage, gold.o
y. r.
N. Y. &P. con., $6,200,000, g., gu. p.Ai. end.Un.c*
N. r. a Hock. B'h.—lBt M., $1,000,000, g., gu.Ce.O*
r
2d M. income bonds, non-cirmulatlve.re
K. r. Susq. <6 TTcs^em— Midland RR. Ist M., g.Ce.O*
Paterson Exten. RR. Ist M., real estate, s. f.,g.o*
N. Y. Susquehanna & Western, Ist mortgage
c*
Ist mortgaee, refunding, gold.Ce
2d mort. ($1,000,000 Kold) 3d M. on 72 m.Ce.O*
General mortgage for $3,000,000, gold. . . Ce.o'
CoUateral trust bonds, subject to call, cur.Co.
Terminal 1st mort. for $2,000,000, gold. Us.c*Ar
Zf.
Size, or
I
In Aug., 1902, extension was under construction from Virginia Beach
Cape Henry, 7 miles.
Dividends.—July, 1892, to Apr., 1903. Incl., at 4 p. c. per annum,
and in July, 1901, 1 p. c. extra was also paid.— (V. 74, p. 208.)
to
Report. —
Other Inc.
Net.
67-oss.
Ohai-ges. Sur.iordiv.
1901-2
$161,060
$3,050
$825,325
$68,465
$95,645
1900-1
697,100
14,506
163,787
68,240
110,053
1901-2
Dividends paid in
(4 per cent), $80,000; in 1900-1 (5 p, c),
$100,000.— (V. 72, p. 1238; V. 74, p. 830; V. 75, p. 240.)
'Western Ry.— Sec Jfa|9.— System extends from NorNorfolk
&
westward
to Columbus, Ohio, and northward to Hagerstown,
Md., with branches to the various coal fields in Virginia and West Va.
folk, Va.,
Road oicned.
Milet.
Miles.
Roanoke
Norfolk, Virginia, to Colum-
Winston
121
704 Sundry branches
142
Radford, Va., to Bristol, Term. Ill
Total owned June 30, 1902.1,681
Roanoke, Va^ to Hagerstown. 238
4
Graham to Norton
100 Columbus Conn.& Term, RR,
Nor. Car. June, to Fries
44
Total
Lynchburg to Durham, N. C. 115
1,685
Doubletraok
Portsmouth Jot. to Cincin105
106
nati and Ivorydale
Organization—This Railway company in 1896 succeeded to the
property and francliise of the Norfolk <fe Western RR., etc., foreclosed
per plan, was In V. 62, p. 641. The old stock paid an assessment
of $12 50 per share, common receiving 75 p. c. and the old pref. 112i«
bus,
to
O
|
In new common. In 1900-01 the Penn. RR., together with cootrolled companies, acquired control through purchase of over $32,000,000 of the stock. See V. 74, p. .503; alsoV. 70, p. 687, 1150, 1195 V.
71, p 809; V.72,p. 184, 480; V.73, p.957. The Ciucinnati Portsmouth
Virginia, 130 miles ,was merged July 1,1901. V.72, p. 137,438,532;
V. 72, p. 503: V. 75, p. 501; V. 75, p. 30. Branches building June 30,
1902, 125 miles; see V. 75, p, 503.
Stock.— Provisions of preferred stock certificates were given In Supplement of April, 1897, page 4, said stock being 4 p. o. non-cumulative,
with preference as to assets and dividends.
p, c.
;
&
DrviDKNDS,
p. c. )
Preferred.
>
Common
)
1897.
1898.
1%
3%
In 1902, on common, June, 1
p.
1899.
1900.
1901.
4%
4%
4%
2%
c; Dec, l**
p.
1902.
4%
2^%
c— V. 75, p.
1903.
Feb.,
1148.
2.
L
t
April, 1903.]
^
,
>
>
cc
^7'
^
!zj
o
r
?
H
1—
>
O •< CO
o
>o
30
o c
KAILEOAD STOCKS AND BONDS.
^
J\r
101
103
INVTESSTORS'
RAILROADS
For explanation of column headings,
on lirst page of tables.
&o., see notes
Miles
Date
of
of
1
!
SUPPLEMENT.
Size, or
Par
Road. Bonds Value.
<& Western Ry .—( Concluded—
*r.&W.Gen. (nowlst) M.Norf.toBrl8..eto.g.FPo*
New River ili vision Ist mortgage, gold.FP.c*
Improvement <fe Extension Moii;., gold FP c*
Iforfolh
.
Eng.,l8tM..a8sum.,g.Ce.c*
W.lstconsol. M., $62,500,000, g.JTIe...o*A:r 1,579
Scioto Valley
N.
<te
.
& New
428
165
588
129
Pocah-Jt. M..$20,000,000, g., calll05,8.f.GP.c*Ja*
Col. Con. & Term. Ist M., g., gu. p. <fe 1. (end.) Ac*
Equip, trusts, g..ii!.'iOO.oOOy'rly,beg. 1905.FP.C*
<t Main L. Oon.— Ist M. g. gu.p.*Lend.GP
Oaroh/zo— Stock, 7 per cent rental
Norrist
Alort/i
.
,
,
c. gu.990 yrs., $6,000,000 auth.,
Ist M.( 78 extended in 1896)....
c<fcr
Gen'lmort.. extended in gold in 1903
r
Consol. bonds secured by $1,200,000 stock.
Funding loan Itonds, $109,000
Real estate mortgages June 30, 1901
No. East Fenn.— 1st M., g., gu.P.&R. (end.) GnPc*
fforth'n Ala.—Ut
($350,000 are prior lien). K.c
Northern, (2f. fl.;— Stock, 6 p. o. rental
»0. Perm.— Stk., 8 p.
0)12dM.,now
M
223
86
56
86
26
107
83
1881 $1,000
1882
1,000
1883
1,000
1889
1,000
1896 500 &C.
1901
1,000
1892
500
1902
1,000
1902
1,000
100
50
1866 500 &C,
1873
1881
1898
1890
1896
100
50
Northern Oen/rat— (Stock $12,000,000 authorized)
ist mort.. State of Maryland loan— V. 74, p. 1197
Consol. gen. mort. ( gold, s.f., dm. at 100, A&B.c
c
of 1874, gold, se-^ gold, $, C &
cures all equally, (gold, E ..
t, « R>! (A
"A"
>rt eroTi
^^f
aar'iaa
&
"B"
$2,565,000).
2d gen. M., series "A^'
D.FP
FP
North'n of New Jersey— Btocli, gu&T. (see V.69,p.81)
o
3d mortgage, bow Ist, interest guar
Gen. M., $1,000,000, g., int. gu. by lease. Usm.o"
1,000
1.000
i45 1855
145 1874-5 $&'i"
145 1876-7 $1,000
145 1885
1,000
145 76&82 1,000
100
'21 1887 100 &0.
1900
1,000
Bonds.— The first consolidated mortgage of 189618 limited to $62,500,000, of which an amount equal to the underlying bonds can b*
Issued only on the retirement of the same. On June 30, 1902, the
balance unissued ($28,289,500)J was reserved as follows: To retire
$19,8S9,000 utstanding prior lien bonds, $22,098,889; for new construction, acquisitions and improvements, not exceeding $1,000,000
yearly, $2,690,611; and $3,500,000 additional for similar purposes.
The right to issue prior lien bonds has been annolled. V. 73, p. 602;
V. 74, p. 151; V. 75, p, 505.
The 4 per cent first consols are a first mortgage on a large
part of the system, viz., about 846 miles of railroad; upon important terminals at Norfolk and Lamberts Point; upon the Ohio
River Bridge and the Roanoke Machine Works; besides being a
consolidated mortgage upon the remainder of the system, sub
They are further secured by the
lect to the undisturbed liens.
squipment, certified to have cost ovei $11,000,000, covered by the car
See abtrusts and equipment bonds taken up under the plan.
stract In V. 64, p. 3 7 6. V. 72. p. 137. 43», 532. 723, 1080; V. 75. p. 505.
The N. W.-Pocahontas joint bonds are secured by about 2ti5.000
acres of coal lands owned and held by the Pocahontas Coal &CokeCo.,
whose stock is owned, of which about 50,000 acres have been leased to
companies whose stock is all owned by the United States Steel Corporation and 39,797 to other concerns, the royalties under such leases
alone being shortly expected to be sufficient to almost meet the fixed
charges. They are subject to call at 105, beginning 1906, for a sinking
fund of 2V cents per ton mined. V. 73, p. 845, 902; V. 74. p. 41, 380,
1197; V. 7f>, p .^02. These bonds are the joint and several obligations of the RailWHy Company and of the Coal & Coke Co.
The equipment trusts of 1902 ($3,500,000) were issued on new
equipment costing $5,000,000. V. 74, p. 681; V. 75, p. 502.
For description of funded debt, see V. 75, p. 504.
General FtNANCES.-The reorganization reducea the fixed charge*
from $3,214,037 to $2,218,450, a reduction of $995,587, making the
annual charges ahead of the new common stock smaller than those
ahead of the old preferred stock. Of the traffic in 1901-1902 58 per
cent (7,0£6.72l tons) was bituminous coal and coke.
As to Pocahontas bonds of 1901, see above. Dividends on the common stock were beeun in June, 1901. V. 72. p. 873.
Eakninqs— For 8 months ending Feb. 28
[Vol.
LXXVI.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
per When Where Payable, an* by Stocks— Liaat
Amount
Outstanding Rate
Cent.
Whom.
Payable
$7,283,000
6g. M. & N.
2,000,000
6g. A. & O.
5,000,000
eg. P. & A.
5,000,000
4g. M. & N.
34,210,500
4g. A. & O.
20,000,000
D.
4 g. J.
600,000
5g. J. & J.
3,500.000
4g. M. & S.
250,000
4g- M. & S.
4,000,000
7
F. <fe A.
4,721,250
8
Q.— F.
1,500,000
4
M. & N.
4,500,000 33)0 g. J. & J.
1,200,000
M. «S5 S.
6
302,000
M. & N.
4
118,608
400,000
5 g- A."&0.
1.650,000 See text. J. <fe J.
3,068,400 See text. Q.-J.
11,462.300 8 In 1902 J. & J.
1,500,000
6
Q.-J.
394,000
6g. J. & J.
2,000,000
6g. J. <fe J.
4iflg. A. & O.
1,757,000
3,565,000
5
J. & J.
4
1,000,000
Q.-M.
654,000
6
J. & J.
4iag. J. & J.
154,000
&
Dividend.
May
1, 1931
1, 1932
See text.
1, 1934
N.Y., Mercantile Tr. Co. Nov. 1, 1989
do
do
Oct. 1, 1996
do
do
Deo. 1, 1941
N. Y., Atlantic Trust Co. Jan. 1, 1922
Phila., Fidelity Tr. Co. Sept 1. '05-11
N. Y., Mercant. Tr. Co.
do
Phila.,
do
Apr.
Feb.
Read'g Termini Sept.
Burlington, N. C.
Phila. Of.,
do
do
do
do
240 So. 3d St.
do
do
do
do
&
Phila., Phila.
Read'g.
N. Y., J. P. Morgan& Co.
1,
1952
Feb. 1.'03. Sifl
Feb. 25,'03,2%
May
1,
1936
Jan. 1, 1953
Nov.
1,
1905
1928
Apr.
July
1,
1,
1920
1928
Sept. 1.
Boston, 19 Milk
Apr. 1,'03, li«
Baltimore, Treas. Offloe Jan.15,'03,4%
AnnapoUs.
Irredeemable.
London and Baltimore. July 1, 1904
Baltimore, Treas. Office, July 1, 1904
do
do
Apr. 1, 1925
Baltimore,Treas. Offloe. Jan. 1, 1926
N. Y., 21 Cortlandt St. Mar.. 1903,1%
«t.
do
do
do
do
July
Jan.
1,
1,
1917
2000
second track, 54^3 miles; total track, 220 mUes.
Ground rents
July 1, 1901, $47,854. Leased for 990 years from May 1, 1879, to
Phila. & Reading RR. at 8 per cent on stock, and lease assumed in
1896 by Phila. & Reading Railway. The $4,500,000 general 7s, due
Jan. 1, 1903, were extended at maturity in gold for so years at 33io
per cent. V. 73, p. 1160; V. 75. p. 13.'>4. Current liabilities June 30,
1901, $217,024.-(V. 73, p. 1160; V. 75, p. 1354.)
Nortli-East Pennsylvania RR.— Owns road from Glenside to
New Hope, Pa., 26 mUes. Controlled by P. & R. Capital stock, $400,000, of which $318,950 owned by Reading Co., $315,000 being deposited under its gen. M. of '97; par, $50.
Northern Alabama Ry.—Sheffield to Parrish, Ala., and branches,
119 miles. In April, 1899, a majority of
stock and bonds purchased by the Southern Ry. V. 68, p. 824. 873. See also V. 69. p. 391.
Stock is $2,000,000. Under supplemental mortgage of 1898 $400,000 of the outstanding $1,700,000 1st 58 were made prior liens. Remaining $1,300,000 general lien bonds bear interest for two years
from July 1, 1898, at 2 per cent, then 3 per cent for two years; there&
In year ending June 30, 1902,
after 5 per cent. V. 67. p. 1208.
gross.;$408,lt)l; net, $57,689. In 1900-1 net, $54,898.— (V. 69, p. 28.
Northern (New Hampshire) RR.— Ovms Concord, N. H., to
White River Jet Vt., 70 miles branch to Bristol, N. H., 13
totals
83 miles. Subsidiary lines, Concord & Claremont RR., 71 miles; Pe
terborough & Hillsborough RR., 19 miles. Lease to Boston & Lowell
tor 99 years from Jan. 1, 1890, was assigned to Boston & Maine; rental
was 5 per cent on stock till July 1, 1897, and now 6 per cent, payable in gold. Until July, 1897, 1 p. c. extra was paid regularly from
contingent fund. Also in 1894, Jan., 5 p. c. extra was paid; in 1896,
July, 2 p. c. extra; in 1897 5 p. o. extra.— (V. 65, p. 463).
Northern California Ry.—See Southern Pacific RR.
Northern Central Ry.—Owns Baltimore, Md., to Sunbury, Pa.
137 mUes, of which 1 32 miles double track— branch, 9 miles leases—
Shamoktn Valley At Pottsville RR., 38 miles; Elmira & Williameport
KR.,76 m.; operates at cost^-Elmira & Lake Ontario RR., 100 miles;
Lykens Valley RR., 19 miles also since Jul e 1, 1902. York Hanover
& Frederick RR., 56 m York branch Penn. RR., York, Pa., to Columbia, 13 m.; total, 450 mUes. Also uses N. Y. L. E & W. tracks, 7 m.,
and PhUa. & Erie, Sunbury to Williamsport, 40 miles.
Net.
Int., taxes, rfc. Bal,, sur.
Oross.
Obganization.— A consolidation of several roads in 1854 Con$3,f!08.288
1902-3
$13,417 158 $5 308,928 $1,700,640
1901-2
3,329,849 trolled by the Pennsylvania RR., which owns a majority of the stock.
11,471,549
4,881,619
1,551,670
Securities Owned On Jan. 1, 1903, among the assets held were
AKNUAL Report.— Fiscal year ends June 30. Annual meeting is Phila.
Bait. & Wash, stock (par) of $352,200; Elmira & Lake Ontario
held at Roanoke, Va., on second Thursday in October. Average rate stock (all), $1,500,000; Shamokin Valley & PoitsviUe stock, $619,650;
per ton mile 0463 cent in 1901-1902, against 0-466 in 1900-01; average Unior RR. stock, $1,225,000 (the bal. of $875,000 being held by PhUa.
load of revenue freight, 476 tons, against 452. Report for 1901-1902,
WUm. <te Balto.), etc. Also the following, mostly acquired in 1900; Ches.
V. 75, p. 494, 501 (see editorial p. 474) showed:
& Ohio stock $1,500,000; Bait. & Ohio nref. stock. $1,000,000, and
1901.
1900.
1899.
1902.
common, $781 ,500; Norf. & West. pref. stock, $500,000, and common,
Tears end. June 30—
$
$
$
$
$1,000,000; Erie & West. Transportation Co. stock, $500,000.
Passenger earnings
2,379,476 2,046,455 1,857,305 1,608,414
Stock.— Authorized issue was Increased in Feb., 1900, from $8,000,Freight earnings
14,594,281 13,214,164 11,753,062 9,749,094
Mail, express, Ac
469,630 000 to $12,000,100; Penn. RR. on Jan. 1, 1903, owned $6,267,950.
578.449
524.824
480,638
Liabilities.— Mort. and ground rents on Jan. 1, 1903, were $110,706.
Total grossearnings.. 17,552,206 15,785,442 14,091,005 11,827,138
Operating exp. & taxes. .10,136,227 9,445,459 8,501,096 7,939,102
DmD'DS.— ) 1888. '89. '90. '91. '92. '93. '94 to 1900. '01. '02. 1903.
(57-75)
P. c. of exp. to earns....
(5984)
(67-12)
(60-33)
8
7
8
8
7 yearly
7
8
8 Jan., 4
Per cent... $ 7
Total net earnings.
7,415,979 6,339,983 5.5(- 9,909 3,888,036
Gross, $1,574,515; net,$287,112
Earnings.— 2 mos., } 1903
Total net income
7,490,873 6.408,600 5,663,471 3.911,400
Gross, 1,340,215; net, 374,012
Jan. 1 to Feb. 28. (1902
Interest on ftmded debt 2,352,402 2,238,480 2,257,239 2,219,477
Fiscal year ends Dec. 31. President's report fo»
Report.—
ANNUAL
Interest on car trusts. ..
5,375
11,238
16,400
22,137 1902, given at length in V. 76, p. 476, 491, showed the following
Def. IntPocC.&C.bondfl
161,230
1£02.
1901.
1900.
1899,
Tear end. Dec. 31—
Dividends on pief
(4)910.014(4%)909,924 (4)909,748 (4)909,588 Mllesofroad
381
381
450
380
Dlvidends.on com
(2%)1,289,384(1%)644,692
$8,456,685 $8,266,958 $7,845,412 $7,233,417
Grossearnings
Miscellaneous
10,000
1,0.51
1,520
7,444 Net earnings
2,351,590
2,511,969
2,347,874 1,950,523
Betterment fund
2,500,000 1,500,000 1,500,000
594,306
632,194
533,109
575,608
Other receipts
Flood fund
250,000
$2,927,198 $3,106,-.,i75 $2,980,069 $2,483,631
Total net income.
Dl60Oii.t,el0
80,392
31,185
470,266
53.'S.619
464,912
507,777
480,844
Rentals, &c
535.905
530,187
6; 1,116
775,42a
Interest on debt.
Ba ance
sr.182,076 sr.$822,030 8r.$507,938 sr.752,654
(8)916.980 (8)916,980 (7) 6t?t,033 (7)526,267
Dividends
0»fKER8.— President, F. J. KlmbaU; Chairman of the Board of Dl" Taxes
495,775
93,157
1: 6,969
153,291
and miscel
reotoip, Henry Jf"ink,'27 William .St.. N. Y.; Sec, A. J. Hemphill. Gen613.525
700,000 1.101,039
300,000
Extraordinary
eral ollce. Arcade Bldg., Market & 15th streets, Philadelphia, Pa.
«129,o67
$247,810
Balance, surplus.
l)ln<lor».— hrerterick J. Kimhull, Henrv Kink and VIc-tor Alorawefz. New
York 8. M. Prevust, Samuel Kea, N. Parker Sbortrirtne. W. H. Barnes, Jo.xeph
* Includes
"extraordinary expenditures not properly
$397,926
L Ucrian and John P. oreen, Pblladelpbia; James McCrea, PittsburK; Walter chargeable to capital account." (V. 76, p. 4 7 6, 4a 1.865.)
H I'aylor, N on oik. Va.
-(V. 75, p. 30, 287,442, 494, 501,550, 849, 1148; V. 76, p 480.)
Northern RR. of Neiv Jersey.-Owns from Bergen, N. J., to
IVorrlfttcwn & main Liln« Connecting RR.— Owns road BparklU, N. Y. 21 miles; leases SparkUl to Nyack, 5 miles. Leased
3,405 feet long, including bridge over Schuylkill Kiver, extending to the Erie RR. from June 1, 1899, for the term of Its corporate existfrom Norristown to a connection with the main line of the Philadel- ence, for interest on bonds, 4 per cent on .$1,000,000 stock, payable
phia & Reading at a point above Bridgeport, Pa. The Reading Co. quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
owns all the 450,000 stock and guarantees the bonds, principal and 4I2 per cent general mortgage bonds, guaranteed by the Erie, *654,000 are reserved to retire the 6s due July 1, 1917, and the remainder
interest, by endorsement.— V. 75, p. 1148.
for improvements and betterments or equipment for operation by eleoNortli Carolina RR.— Owns from Gold'boro to Charlotte, No. trioity of the leased properties. See V. 69, p. 81. -(V. 71, p. 30.)
Carolina, 221-65 mUet-; Caroleigh Jet., N. C, to Carolelgh Mills, 1-90
IMorth. Ry. Costa Rlca.-See V.71, p. 1067, and United Fruit Co.;
na.; total, 22355 m.
Leased from Jan. 1, 1896, to theSouthern Ry. Co.
for 99 years at $266,000 (6^ p. c. on stock) per year till Dec. 31, 1901, V. 75, p. 849.
and $286,000 (equal to 7 p. o. on stock) balance of lease; also taxes.
Northern Ohio RalUvay.— rSee Map Lake Erie <£ Western.)—
V 63, p. 361. Of the stock the BtateotNorth Carolina holds $3,000,000. Owns Akron to Delphos. O.. 165 miles; branches. 2 mlleo. Leased
(V. 65,p 27; V. 66, p. 665).
in perpetuity to L. E. & W., which guarantees the bonds. V. 62, p. 826.
Morth Penn«)TlvanIa RR.— Owns rrom Philadelphia, Pa., to
Stock.—Common stock (all owned by L. E. &W.) $3,580,000; preBethlehem, Pa., 56 miles; branches to Delaware River, &o., 31 miles; ferred non-cumulative 5 p. c. stock, $650,000; par of each $100.
t
,
;
;
;
;
:
—
.
.
—
m
;
KAILKOAI) STOCKS
April, 1903.
RAILROADS.
MUes Date
Por explanation of column headings,
on first page of tables.
No.OMo— 1st M.,
g.
see notes;
&c.;
of
Size, or
Par
of
Road. Bonds Value.
(iplS.OOOp. m.) gu., p.& l.Ce.o*
Worthern Pacific JJj/.— Stock, $155,000.000
Western RR. Minn. Ist M., gold, assumed
167
1895
601^
1877
A^D
Amount
Outstanding
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
by
Dae
Stocks— hskft
Dividend.
Whom.
Payable
Cent.
Bo iias—iTixujtpal,Wtien
$1,000
$2,500,000
5 g. A. & O. N. Y., Chase Nat. Bank. Oct. 1, 194."^
100 155,000,000 See text. Q.-F. New York and Berlin. Feb. 2, '03, 2%
M.3?&N4
1,000
352,000
7
New York.
May 1, 190/
1,000
8,021,000
6g.
do
Feb. 1, 1923
11
Paul & N. P. Gen. M., I'd grant, as8'd.Ce.c*<fer 182 1883
New mortgages of Northern Pacific if//.—
Prior lien M. $130,000,000 gold, ld.gr.Me.o*<fer Seet 1896 500 &c. 100,209,500
Gen. lien M. $190,000,000, g., land gr...F c*(fcr See J 1896 500 <feo. 56,000.000
226 1900
1.000
'8,054,000
St. P.-Dul. Div. pur. money M., $20,000.000.G.c*
1901 l.OOOAic 215,155,000
C.B.&Q. col. tr.M., e. (red.aft. Jan.'06 at 10.5)Go&r
"l5 1877
1,000
280,000
Ist M.Minn.& Dul.,Minn.toW.B.Lake,g.a8s'd FP*
MORT OAOE.
Bonds Underlying St. Paul & Dulttth Div.
c*
167 1881
1,000
1,000,000
5
«t. Paul & Dulttth Ist mortgage, assumed
167 1887
1,000
c*
2,000,000
5
2d mortgage, assumed. Ce
21 1884
210,000
Taylor's F. <fe L. Sup., Ist M., s. f not dr'n.Ce.c*
1,000
6
25 1886
1,000
500,000
Duluth 8. L. IstM, p. & i., 8. f. not dr'n.Ce...c'
5
1.000,000
Consolidated mort.. ass'd, $5,000,000, g.Mp.c* 238 1898
1,000
4 g.
98-'99
232,733 4ifl&5
Car trusts, including Interest, Jane, 1902
1883
1,000
3,692,000
SorlK'n Pac. Ter.Oo.— IstM.. gold, red., atllO.F.c*
6g.
Norlhem Railway (Oal.)—See Southern Paclfic RR.
abt.35O,0OO0O0
100
4 in 1902
Sorthem SecuH len— Stock. $400,000,000
1,000
1,498,000
5 g.
No. Shore fl/f.— N. Pao. Coast, gen. M. (now l8t),g.c go's 1892
beg.')
1902
1.000
850,000
New No. Shore M., $6,000,000, g., 3. f.
2.c*
5g.
Korthicegtern Coal Ry.—lst M., guar, end., g F.C*
1893
794.000
1.000
Northtctgtem RR. of So. Car.— Ist M., $375,000...
1900
285,000
I'65
1,000
72
100
3,000.000
Warwick <e Worcestei Pref. stock, 8 p. o. rental
8
Bonds (not M.),int. gu. under lease, curr'cy...c<fcr
4
1897
1.000
1,200,000
St.
—
.
—
f
103
BONDS.
N.Y.,J.P.Morgan&Bert
do
do
t
D.
New York.
do
Q.-J.
Q.-F.
&
M. &N.
F. & A.
A. & O.
J. & J.
M. & 8.
J. & D.
J. & J.
J.
Jan.
Jan.
Dec.
July
do
Jan.
N.Y., J. P. Morgan <fe Co.
do
do
do
do
do
do
do
do
Aug.
Oct.
Jan.
Sept.
June
To
N.Y.Wln8l'w,Lan'r&Co, July
1,
1,
1,
1.
1,
1997
2047
1996
1921
1907
1931
1917
1914
1916
1968
1909
1. 1933
1,
1,
1,
1,
1,
Q.-F.
Checks mailed.
Feb.4,'03. li«
San Fran.. Co.'s Office. Jan. 1, 1912
M. <fe N, N. Y. & San Francisco. May 1, 1942
M. & N. N. Y., Farm's L. A T. Co. May 1. 1923
A. & O. Bait S. Dep. & Tr. Co
1949
Q.-J. Mech. Nat Bk., Wore. Apr. 1,'03,2%
M. & S.
Boston, Co.'s office.
Mch. 1, 1927
J.
&
J.
,
§ Coupon bonds J. & J.; registered bonds Q.-J.
U Coupon bonds F. & A.; registered bonds Q.-F.
Berlin at 420 marks per dollar. 1 5,130 miles. Including 40 miles not operated; spurs, 261 miles. * $702,000 add'l in treasury June 30, 1902
Bonds.—The first mortgage is for $4,000,000 of which $1,500,000
unissued are limited to $15,000 per mile of completed road hereafter
oonfltructed or purchased. Operated as part of L. E & W. V.66, p. 337.
Northern Pacific K&ll\vfiy.—(See Mapg.) Operates one of the
leading lines to the Pacific, having its eastern termini at St. Paul,
Minn., and Duluth, Wis. (the head of Lake navigation), and running thence westerly, traversing the great wheat belt of Minnesota
and North Dakota, the mining district of Montana and the farming
eountry of WasMngton to Tacoma and Seattle, and to Portland, Oregon, with branches to Winnipeg, etc. The system comprises
Miles.
Leased to others.
Miles.
Main line.
ahland, Wis., to Portland,
To other companies
9
Ore. (incl. 5 m. terminals) .2,171 To Province of Manitoba
354
Brainerd and Staples to St.
Notonerated
30
181
PaiU
Other lines
403
Total owned
5,471
—
Total main line
Various branches
Total
Control led properties.
& Col. River,
2,7.55
Wash.
2,323
Minn.
163
115
& International
owned
(operated
Total system July 1, 1902. -5,749
61
5,078 Second track
The Manitoba Dranches, ageregatlng 354 miles, were leased for 999
years from May 31, 1901 to the Provincial Government and sublet by
the latter to the Canadian Northern Ry. at a rental of $210,000
annually for the first 10 years, then $225,000 lor 10 years, then $275,000 for 10 years and thereafter $300,000, with the option of purchase at any time for $7,000,000. V. 73. p. 610. In Jan., 1902, purchased branch from Minneapolis to White Bear Lake, Minn , 15 miles,
formerly leased, assuming $280,000 bonds. V. 74, p. 94.
In 1898 leased Washington Central, and purchased the entire
capital stock and all of the income bonds of the Washington & Columbia River Ry. See separate statements for these Washington companies. On July 1, 1900, the St. Paul & Duluth RR., St. Paul to Duluth,
etc., 238 miles, was merged, its bonded debt being assumed. V. 70, p.
1250; V. 71. p. 648.
On June 30, 1902, 108 miles of branches and extensions were under
construction, to be completed during the next fiscal year; of these the
Washburn branch. Iron River, Wis., to Washburn, 34 miles, was
opened in Sept.. 1902. In Oct., 1902, the Bellingham Bay
Eastern
Ry., Wlckersham, Wash., to Fairhaven and Whatcom, 23 miles, and
Washington <fe Oregon'Ry., Kalama,Wa8li., to Vancouver, 29mile8, were
purchased and in Deo 1902, the Port Townsend Southern RR Port
Townsend to Quilcene, Wash,, 28 miles, and Olympia to Tenlno, 16
miles. V. 75, p. 849, 1355.
History.— This Wisconsin company on Sept. 1,1896. succeeded to the
railroads, land grant and other property of the Northern Pacific RR.,
foreclosed in July, 1896. and reorganized per plan in V. 62. p. 550.
The original Northern Pacific Company was chartered by Congress
July 6, 1864; 450 mUes to Bismarck were foreclosed in 1875.
Stock.—The $75,000,000 preferred stock was paid oflf at par on Jan.
1, 1902, the common being increased from $80,000,000 to $155,000,000 V. 73, p. 1062. 1160; V. 74, p. 41
In October, 1902, 99 per cent of the capital stock had been acquired
by the Northern Securities Co. (which see below). V. 72, p. 1081; V.
73, p. 138, 185, 1011, 1062, 1161, 1357; V. 74, p. 681.
directly)
&
,
Dividends
(p.
o—
On common
On pref. (DOW retired)
,
)
>
... )
1898
1899
2
1900
4
1901 1902
5^2
4
1903
Feb., 2
5
4 4(Q.-M.)' 4
In 1902, Feb., 1 p. c; May, li«p. c; Aug., lisp.c; Nov., li^ p.c.; In
i«
1903, Feb., l^a p. c. and
V. 76, p. 331.
p. c. extra.
Bonds.- Abstracts of the new Prior Lien and General Lien mortniges of 1896 were in V.63, p. 1012-1019, and the statement to New
York Stock Exchange, was in V. 63, p. 1072, showing:
iVtor lien 4%8 purchasable with land sales at not exceeding 110 [but not subject to call], not over
$500,000 cash yearly to be so applied. Total issue
$130,000,000
Issued and outstanding
roo.zoqjoo
Reserved to retire St. Paul & N. P. and West. RR. bonds..
S^j.ooo
For new construction, betterments, equipment, etc., under
carefully guarded provision?, but not exceeding $1,5(X),000 per annvmi. Originally $25,000,000— still held
ij.soo.ooo
Of the $190,000,000 general lien bonds, $130,000,000 are reserved
to retire the prior lien bonds at maturity and *4,C00,000 for new eontruotlon. bettermenis, equipment, etc.
The St. Paul Jt Chiluth Division mortgage secures $20,000 000 purchase money bonds on the former St. Paul & Duluth, of which $9,215,000 were Issued to acquire the road, $=i,283,000 are reserved to retire
existing St, P. & D. bonds and the balance for improvemeuts to the
property. V. 70, p, 1250; V. 71, p. 1167. The lands included in the
grant of the former St. Paul & Duluth are estimated to be worth
about $4,000,000, and were not covered by the old mortgages. They
are to be sold and proceeds applied to purchase of the bonds at not
over 105 and interest, or if not purchasable at that price, then to betterments, improvements or adlitlons to the mortgaged premises or
equipment therefor. To July, 1902, $1,429,000 had been thus purchased and caiK'ftled. V. 71, p. 1167; V. 72, p. 339.
Land Grant.— The land grant was 12,800 acres to the mile in the
States of Minnesota and Oregon and 25,600 acres per mrlle in the (then)
intermediate territories. The acres on June 30, 1902, not yei sold \«ere:
Minnesota
ixorth Dakota.
Washington
Oregon
175,306
40.941
12,260,138
Montana
Idaho
1,?>82,101
I
3,6.55,751
207,073
Totalwestof Mo. Riv.17,926,466
Land sales In year 1901-02 asrgregated 2,271,052 acres; net amount
received from sales and land contracts, $2,335,889.
General Finances.—The fixed annual charges of the property as
then constituted were reduced $4,770,206 by reorganization of 1896.
In 1901 the Northern Pacific and Great Northern acquired $107,5 77,500 of the $111,200,000 stock ol the Chicago Burlington & Quincy
RR. in exchange for their joint 20-year 4 per cent gold bonds
secured by the deposit of the stock In trust, on the basis of $200 In
bonds for each $100 stock. See circular. V. 72, p. 871, 1034, 1135;
application to list, V. 73, p. 294; V, 73, p. 610.
On Jan. 1, 1901, the voting trust was dissolved. See report of voting trustees, V. 71, p. 1013, 1016. Capital expenditure, see V. 73, p. 610,
Annu.^l Report.— Report for 1901-02 in V. 75, p. Idx, 978.
also editorial, p. 764.
1900-1.
:£ rs. ending J uneZO.
1901-2.
1899-0.
1898-9.
Aver, miles operat.
5,019
5,100
4,714
4,579
Passenger earnings. $9,177,509 $7,247,000 $6,219,996 $5,050,356
Freight earnings.... 30,227,013 23,481,713 22,140,180 19,485,960
Mail, express, <&o....
1,982,853
1,832,270
1.661,142
1.512,358
Gross earnings.. $41, 387,380 $32,560,984 $30,021,318 $16,048,674
Net earnings
$20,098,966 $15,920,840 $15,626,690 $13,699,222
Taxes
$920,352
$1,149,890
$850,590
$750,133
Rentals, etc
120,742
134,690
112.852
61,520
Add'nsand
3,000,000
Imp'ts..
2,011,285
3.000.000
2,176,619
Netoperat'gincome.$15,828,333 $12,854,513 $11,663,247 $10,710,950
Miscellaneo's income
not incl.land sales.
Bal. for interest
843,765
743,787
685,521
1,001,607
$16,672,098 $13,598,300 $12,348,768 $11,712,557
$6,624,866 $6,395,681 $5,8rt4,950 $6,079,273
Interest
Div. on pref stock..(2tl,500.000 (4)3,000,000 (4)3.000,000 (4)3,000,000
Div. on com. stock. .(5)6,999,946 (4)3,200,000 (3)2,400,000 (2)1,600,000
Bal.,sur.foryear $1,547,286 $1,002,619 $1,083,819 $1,033,284
1, 1902).— President, Charles 8. Mellen, St. Paul,
Minn.; Vice-President, Dan. S. Lament, New York; Sec, G«orgeH. Earl,
New York; Treas C. A. Clark, St. Paul New York office. 49 Wall St.
—(V. 75, p. 731, 733, 907, 978, 1355; V. 76, p. 331.)
Officers (luly
,
Nortliern Paolflc Terminal
Company, of Oregon.— Owns
terminals on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising lands 270 acres, trackage 32 mUes, dock frontage
7,904 feet. Station at Portland, Ore., opened 1896. V. 69, p. 230, 441.
Lease.- Leased for fifty years from Jan. 1, 1883, jointly and severally
to Northern Pacific, Oregon Ry. & Navigation and Oregon & CaUfomia,
with guaranteed rental to pay Interest, sinking fund and taxes; leases
assumed In 1899 by new Nor. Pao. and Or. RR. & Nav. V. 69, p. 230.
Stock.—Stock ($3,000,000) owned by said three companies (40 p.c.)
by Oregon Ry. & Nav. Co., 40 per cent by No. Pacific and 20 per cent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink. fund, which is to cancel the bonds.
Bonds.-The first mortgage is for $5,000,000; in 1902 $4,120,000 had been Issued, of which $428,000 retired bv sinkins: fund, drawings at 110 and Interest. V. 75, p. 135, 849; V. 76, p. 159.
Wortbern Seonrliles Co —Incorporated on Nov. 13, 1901, per
plan for harmonizing the Interests of th« Northwestern roads. See V.
73, p. 1011, 1062 and 13='7. In April, 1903. the U. S Circuit Court of
Apiieals dec ared the company to be a combination in violation or the
Anti-Trust Act, and therer .re ille sal; an appeal will be taken to the
U. 8. Supreme ourt. V. 76, p. 811.
Stock authorized. $400,000,000; par of shares, $100. About 99 per
cent of the $155,000,000 stock of the Northern Pacific and about 75
per cent of the stock [$123,880,400] of the Great Northern are owned
by the Hecuritl-!S Company, having been mostly exchanged on the
basis of $100 for $115 and $180, respectively, in Norttiern Securities
Co. stock to retire the entire stocks of t.oth companies would require
$403,250,000 of Securities Co. stock. (See V. 76, p. 102.
Dividends. -Dividends, 1 p. c. pad Feb. 1,1902; May 1,1 p.c;
Aug 1 p. c; Nov., 1 p. c. in 1903, Feb., m> p. c. V. 76, p. 213.
Earnings.—The following shows the earniniis of ihe three constituent properties for the year ending June 30, 1902
Total.
Or. Sorlh'n. yorlh'n Pac. Chi. B <£ Q.
18,377-81
Aver.miles oper't'd 5,249-37
8,109-08
5,019-36
Gross earnings ....$38,858,513 $41,387,379 $53,79.5,245 $134,041,137
78,^95,495
Oper. exp. & taxes 20,874,S17 22,438,303 35,682,87 5
;
;
,
:
Net earnings. ...$17,984,196 $18,*»49,076 $18,1 2,369
Miscellan's income
843,765
340,804
2,031,750
$55,045,642
3,216,319
Total net lncome$20,015,946 $19,792,841 $18,453,173
8,370.064
ren *5.000,263 *6,745,607
$58,261,961
'20,145,928
$15,015,683 $13,047,234 $10,083,110
$38,116,033
?
Fixed char.
Balance
&
.
•Interest ($8,606,120) on Gt Nor.-Nor. Pac. Joint bonds not included.
officers.- President, James J. Hill; Vice-President, John 8. Kennedy; Second Vloe-Presldent, George F. Baker; Third Vice-President,
104
INVESTORS'
SUPPLEMENT.
[Vol.
LXXVI.
April,
1903.]
RAILROAD STOCKS AJ^D
150KDS.
lOS
INVESTORS' SCrPl*LEMENT.
lOff
RAILROADS.
For explanation of column headings,
on tlrst page of tables.
.Wor.<«
<fec.,
Miles
Date
Size, or
of
of
Par
see notes
Road. Bonds Value.
S<.i;.—lPtM.,$300,000,g.red.ll01nlOyr8Ta
ifiJ.- Stock (5 p.c.rent.Cen. of N. J.)...
OgdenMine
c'
rf iiy.— 1st M., g.,8. f.,oall atllO.Ce
Ohio <t Lxlilt Kanawha Ry.—\%% M., $250,000, g. K
OKio <t Mississippi— See BAL,r. & Ohio Southwest.
Ohio JRiver—lHt mortgage ($2,000,000), gold. FP.c*
«en. M. ($3,000,000), gold, let on 39 miles.FP.c*
Rav.Sp. ct Glen.lst M.,$400,000,g.,gii..p.&i.FPc*
Huntinrton&BigS. IstM. ($400,000), gold, gu.o*
Ripley A MmCr.lPtM.g..gu. p.&i.,en<l.FP.c-&r
Ofcio
0/i.i?ir.c£Trt«<.-l8tM.,<:2,750,000,g.e.f.red.textCo
o*
Old OoioJii/— Stock, 7 p. 0., guaranteed by rental.
c
Bonds lor Framingham & Lowell bonds
Bonds not mortgaee
r
Bonds, not mortgage
Bonds, not mort. (authomed $3,000,000), g...o*r
c<fer
Bonds, not mortgage
c
Boston Clin. F. & N. B. mortgage.NB
c<fcr
Bonds, not mortgage
Omaha Bridge <tTerminal iJi/.— IstM. ($5,000,000)
Oregon <£ Oai.— 1st M., g., dr'nat 100 gu. p.&i.Un.C
r
7i«
10
26
80
169
209
33
11
13
111
> >>
> • > •
> > >
125
21
667
....
& AVirtj;n*ion— Common stock
I^eferred stock. 4 per cent, non-cumulative
o* 1,063
Consol. M. (now Ist) $24,500,000, gold. IN
• • *
Oregon Short lAne UJJ.— Common stock
600
Or. 8h.L. let M., p. & i., gold— see V.63. p.602...o*
477
o*
Utah & Nortli'n Ist mort., $12,000 per mile
477
Con. M.. gu., $15,000 p. m., s. 1. not dr'n,g. A Be*
Con. IstM., $36.500,000, g. (IstM. on 400m). 4i.c* 1,479
Four p.c. and partic. gold bonds, dm. 102ie.c*<fer . « •
Income bonds. Series A. 5 p. o., non-oom.OB...
Series B. non-cum.Mo
do
Oregon RR.
•
Oreg.
d-
So.
£.— 1st M. $ ^00.000,
g..
red. 110.
s.f.
No
—
Mill. S.
C,
via Sumter, to Camden. 61 miles, of which Sumter to Camden completed 1900; t^ranch, Millard to St. Paul, 4 m.: trackage, 4 m.; total.
69 miles. Stock. $100,000. Llvldend 6 per cent paid Deo., 1900
and 1901. Year ending June 30, 1902, gross, $82,453; net. $41,303;
Other income, $536; taxes, $3,950; charges, $11,400; aividends, $6,000;
bal., sur., $^0,490.
Owns from Norwich, Conn., to
Worcester
Norwich
Worcester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
total, 72 miles. Also owns entire capital stock ($500,000) of the Norwich & New York Transp. Co.. operating boat line to N. Y. City. Leased
to New England RR. for 99 years from Feb. 1, 1869, and accepted by
N. Y. N fl. <fe H. RR. since July I, 1898; rental is 8 per cent on preferred stock.- (V. 69. p. 1194; V. 70. p. 76, 125.)
Norwood to Raymondville, N.
Norwrood 6l St. Lawrence
Stock, $100,000; par of shares,
?., 7^2 miles; opened Nov.. 1901.
$100. Bonds are subject to call at 110 Apr. 1, 1912. President. Chas.
H. Remington, Watertown, N. Y.; Sec, Francis M. Hugo; Treas., Warren F. Howe.— (V. 74, p. 1090 )
V. 63, p. sag; V. 67, p. 223.
Nypano
Owns Nolan's Point (Lake Hopatcong) to
Ogden Itllne
Bparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1, 1882, to Central RR. of N. J. for 5 p. c. per annum on capital
etook and $500 yearly for organization expenses.
RB.—
RB.—
RR.—
RR.—
Ogdensburg & Lake Champlaln Ry.— See Rutland RR.
Ohio &. Kentucky Ry.— Owns from Lex. & East. Ry. at Jack-
son, Ky., to cannel coal fields in Morgan Co., Ky., 26 m. Operated by
Lex & East. Ry. since late In Oct., 1901. Com. stock, $200,000; pref.
itock, $100,000; bonds as above, $250,000; junior securities to be
taken by stockholders, $175,000. The bonds are guaranteed by the
Kentucky Block Cannel Coal Co. Pres., W. de L. Walbridge, 1 B'way,
N. Y.; Sec. and rreas., M. Baxter Jr.
Ry.—Zanesvllle, O., to Marietta, etc.,
Ohio & Little
80 miles. V. 69, p. 907. Acq^uired by bait. & Ohio, which has pledged
under its Pttti-burg Lake Erie <te West Virginia mortgage $5h5,oOO
common and $824,000 pref. stock. V.73. p. 1264. Stock, outstanding,
common, $918,000; preferred. $1,167,500. la year 1901-02, gross,
$188,718; net, $43,191.-(V. 73, p, 1161, 1264.)
r5e« B. <t O. Jfap.;— In July, 1901, purchased
Ohio River
by the Bait vt Ohio RR., which has pledged $5,884,400 of the .f5,915,430 capital Ktock as part security for Its own Pitts. L. E. & W. Va. 48.
Report.- Year ending June 30, 1902, gross, $1,559,152; net, $585,942; Int, $25V,536; bal.. s ir., $333,406. EarninjiS since July 1, 1902,
O. Report for 1900 in V. 72, p. 985.
are included in those of B.
Net.
Int., etc.
Balance.
Gross. Op. ex. <6 taxes.
Hear Dec. Z\:
Kanawha
RR.—
&
$503,465 $287,774 $215,691
471,155
290,099
9»1,863
181,056
83,237,287.)
Ohio River & AVestern By.— Seepage 173
Old Colony RR. (ITIass.)- Owns road from Boston to Provlnoetown, Mass., Newport, R. I., etc., 508 miles; leases, 108 miles.
Lease.- In 1893 leased to the New York New Haven & Hartford
tor 99 years. About $5,500,000 of the stock, included in table above,
.$1,517,934 $1,014,469
1,4.«)3,018
p. 986; V. 73, p.
.
6g.
5g.
(1)
O. City N. Bk.Wat'rt'n.N.
Y
bonds — iTinolDue.
pal, When
Slocks--Last
Dlvldend.
Apr.
k 1932
& J. Phila., 608 Chestnut St. Jan.,
.2ifl%
N. Y., 1 Broadway.
J. & J.
July 1, 1926
M A 8. N. Y., Knick. Trust Co. Mch. 1. 1950
N,Y., Central Tr. Co.
J. & D.
June 1, 1936
A. & O.
do
do
Apr. 1, 1937
P. & A.
do
do
Aug. 1, 1920
J. & J.
New York or Phila.
July 1, 1922
P. & A.I Phila.. E. W.Clark & Co. Aug. 1. 1908
P. & A.I N. Y.. Contin. Trust Co.
1933
Q- J.
Boston, Offloe.
Apr. 1 .'03,1%
aT & O.
do
Apr.
1904
J. & J.
do
July
1904
J. & J.
do
Jan.
1938
P. & A.I
do
Feb.
1924
J. & D.i
do
Deo.
1925
Boston,
J. & J.
N. E. Trust Co. Jan.
1910
J. & J. Treas. office, Boston.
July
1932
J. & J. Prov. L. & T. Co., Phila. Feb.
1943
J. & J. N. Y., South Pacitic Co. July
1927
N. Y. Office, 120 B'way. July 2 '98, 1%
'&
J.
do
do
Jan 2 .'03.2%
J. & D. New York & Germany. June 1, 1946
I
'
1901
1900
-(V. 72,
303,000
50,000
&
LXXVI.
J.
,
cific Coast 58 at or before maturity, the balance beintf issuable as
required for extensions and improvements. V. 74. p. 1252.
LiATEST Earni'gs.— 12 moB., ) 1902-3. Gross, $537,537; net, $192,686
( 1901-2. .Gross,
476,132; net, 10ci,491
Mar. 1 to Feb. 28.
Surp. over 12 mos charges. $57,993 in 1902-3, agst. *1,500 in 1901-2.
For year ending D^c. 3 , 190'. , gross, $524,223; net, $183.9'<6; interest and taxes, $124,r-20; baL, sur. for year, $59,666. In 1901, gross,
(V.
$474,401 net, $li 2 636 President, John Martin, San Franclbco.
74. p. 252; Y. '6, p. 332, 865.)
Northwestern Coal By.—Allouez Bay, Wisconsin, to Allouez
Junction, Wis., 253 miles, with coal wharf covering about 80 acres of
land. V. 71, p. 698. Owned by the Pittsburg Coal Co., which guarantees the bonds. See official statement, V. 71. p. 698. Capital stock,
$1,000,000. For year ending June 30, 1902, gross, $25,615; net, $8,371; int. and taxes, $11,839; bal.,def. for year, $3,468.— (V. 71, p. 698.)
North vrest.— See Chicago & North Western.
&
2,000,000
2,941,000
376,000
.
Han l-Tanolsco to
Cazadero. 87 miles; branches to San Rafael and Mill Valley, 4 miles;
leases to San Quentin, 3 miles; total operated, 94 miles, includ ng
ferry to San Franci.«co. 6 miles. Of the road, Sausolito to Mil Valley,
Fairfax andean Rafael, 25 13 miles, was beirgelectiically equipped and
Btandardgauged June, 1902. V. 74, p. 1252. Successor May, 1902, of
North Pacific Coast RR.. purchased by syndicate composed of R. R.
Colgate, R. M. Hotaling. William M. Pierson. C. A. Grow, E. J. De
Sabla Jr. and John Mai tin. V. 74, p. 94, 152, 327.
Stock ioeued. $6,000,000, par $100. Of the 3$6,000,000 58 of 1902
(Mercantile Trust Co. of San Francisco, trustee), the present issue is
$3,500,000. of which $l,50o,0(i0 were reserved to retire the North Pa-
Northwestern RK. of South Carolina.—Wilson
A.
I'5g.
5g.
100
17,058,900
7
1884
1,000
41«
498,000
1884
1,000
750,000
4
1,C00
1888
4,000,000
4
1894 l,000&c
3,000,000
1895 1.000 fee
5,100,000
t«1880
1.000
1,912,000
5
1902
1,000.000
3ifl
1893
1,000
1.000,000
5
1887
1,000
19,207,000
5g.
--*•
100 24,000,000
100
* >
11,000.000 4% in '02
.1.
1896
1,000
21.482,000
4g.
....
100 27,460,100 mostly o wnedbyl Union Pacitio.
1882
1,000
14,931,000
««• P. <te A. N. Y., 120 Broadway.
1878
1,000
4,993,000
.1.
& J.
do
do
1886
1,000
do
1,802,000
do
5 g. J. & .1.
1897 500 Ac. 12,328,000
do
5 g. J. & J.
do
1902 l,000&o 41,000.000 See text F. & A.
do
do
1897 500 Ac.
do
7,185,000 5 p. 0. in Sept.' 02
do
1897 500 &c. 14,841.000 i4in"l902
Oci
do
do
1902 500 &0.
200.000
5
A. & O. N. Y., No. Amer. Tr. Co.
RK. (Narrow Gauge)— Owns
;
1
$100,000
450,000
250,000
228,000
1,000
1,000
1,000
1,000
1,000
1,000
D. Willis James; Fourth Vice-President. W. P. Clough; Secretary and
Treasurer, E. T Nichols; General Counsel, W. P. Clonah.
Directors.— D Willis JaniPs. Samuel Tborne. Jnnies J. tlill. E. T, Nichols.
George F. Bnktr. RMben Bacon. Georse W. Perkins. Daniel •*. Lament. E H.
Harriman. Jacoo H 'Chlfl. James Siillman, W. P. ClouKh. George C, Clark,
John ?;. Kenneiiv and N TerhuT e.
—(V. 75, p. 1254; V, 76, p. 102. 213, 654, 811.)
North Shore
Outstanding
.
1886
1887
1890
1892
1888
1903
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
Cent.
Paya ble
Whom.
Amount
1901 $500&c
100
1896
1,000
1900
1,000
[Vol.
.
Feb.
July
July
July
Aug.
July
July
Apr.
1.
1922
1908
1926
1946
1927
1946
1946
1922
held by the lessee. The lease provides for dividends of 7p. c. per
stock not exchanged. V. 56. p. 247. 374. Stock authorized, $20,000,000.
In Feb.. 1903, $650,000 additional stock was authorized, of which $300,000 was sold, raising amount to $17,408,900.
V. 76, p. 480.
In June, 1902, tesued $1,000,000 of 3*2 per cent bonds.
(V. 75, p. 78, 135; V. 76, p. 480, 594, 654.)
Northwestern
Buna to Orange, Texas, 30
Orange
miles. Extensions are proposed, making 385 miles in all, including
one from Btma to SLreveport, 150 miles. Stock authorized. $400,000;
outstanding Jan., 1903, $200,000. In April, iv 02, tbe Railroad Commissioners of Texas approved the issue ol $23,000 bonds per mile on 30
miles. President, L. Miller; Sec. and Treas., W. W. Reid; Gen. Mgr.»
C. W. Hole. Office. Orange, Tex.— (V. 74, p. 937, 1252.>
Oregon dc California RR,-^fSeeMap *'ou</! em /»ac.; -Portland.
Ore., to California State line, 367 mUes Albany June, to Lebanon, 12
miles; Portland to Corvallis, 97 miles; Woodbum to Natron, 93 miles;
Portland, Ore., to Airlee, Ore., and branch, 85 miles. Total,654 miles.
Lease, etc.— Leased to Southern Pacific Co. for 34 years from August
1,1893, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any deficit after payment of charges. Betterments are pavabie by lessor. Southern Paomo
owns the bulk of the $19,000,000 stock, $12,000,000 of which Is 7 p. c
pref. V. 72, p. 287. Due 80. Pao. Co. June 30, 1902, $4,985,790.
Bonds.—Land grant was about 4,000,000 acres, part of which is
covered by the mortgage, proceeds of land sales going to redeem bonds
Is
annum on
—
&
RR.—
;
(suoject to caU at par). The Southern Pacitic guaranty of principal and Interest is printed on each of the 5 per cents. In 1901-02 net
land sales sublect to mort. were $1,484,299. See V. 63. p. 754.
Latest Earmngs 7 mos., } 1902 3. Gross, $2,344,219; net, $651,434
July 1 to Jan. 31.
< 190l-2.Gro88,
2,045,6.')6: net. 659,044
Eabklngs.— Year ending June 30, 1902, gross, $3,504,911; net,$l,046,095; Interest, taxes, etc., $1,260.574.— (V. 75, p. 1148.)
Oregon Improvement.— See Pacific Coast Co. (MlsceU. Go's).
—
&
Oregon Railroad Navigation.- f;$ee Map Union Pac.)—Ea,at
Portland, Ore., to Huntington, Ore., 403 m. Qmatilla, Ore., to Spokane, Wash., 245 m.; branches 425; leases 2 m.; total, 1.075 m., of
which 19 narrow gauge; river di\a8ion water Lines, 375 miles. Ocean
line to San Francisco, 660 miles. V. 63, p 969; V. 71, p. 391. 603. Ib
Aug., 1902, contract was let for extension from Rlparia, Wash., to
Lew^iston, Idaho, 71 miles, to be completed in Aug., 1903.
Organization.— Organized in July, 1896, per plan In V. 61, p. 325
and V. 62, p. 41. Controlled by Union Pacific Ry., dliectly and
through Or. Sh. Line. Owns $700,000 first 58 (entire issue) of Columbia Southern Ry., Biggs, Ore., to Shaniko, 71 miles. V. 73, p. 1363.
Stock.— In October. 1899. the U. P. issued its common stock to
retire, $ for $, the $7,718,600 Or. RR. & Nav common stock not
owned by the Short Line Co. and its preferred stock to retire the $11.000,000 Or RR. <fe Nav. pref. stock.—V. 69, p. 492. 597. In July, 1902,
all except $38,210 common and $16,954 prefeired stock was owne€
by The Union Pacific system. V. 70, p. 177.
Dividends.-On pre/erred: 1897, 2 p. 0.; 1898 to Jan., 1903, both
tnolusive, 4 p. o. yearly. On common paid 1% July 2, 1898.
Bonds.—The consolidated mortgage of 1896 (abstract V. 63, p.
928; trustee. New York Security & Trust Co.) covers aU the property.
Of the $24,500,000 authorized, the bonds unissued ure mostly
reserved for the construction of additional road at the rate of not more
than $20,000 per mile of constructed road. V. 74, p. 206.
Report.— Report for 1899-1900 in V. 71, p, 960.
Tear end. J un^ 60—
1901.
1900.
1899.
RailUnes
$7,542,954
$6,683,115
$6,258,282
;
Water
849,346
$8,392,300
$3,688,543
lines
Gross earnings
Net earnings over taxes
-(V. 72, p. 45, 184 V. 74.
;
p.
839,277
$7,522,392
$3,522,003
747,697
$7,005,979
$3,148,790
206, 380, 830, 884; V. 75, p. 290.)
Oregon Short Line ttH.—fSeeMap
f7n. Pa<:.j— Granger, Wyo., to
Huntington, Ore., 542 m.; branch to Ketchum, Idaho, 70 m.; Ogden t*
McCammon, Idaho, 111 miles; Pocatello to Silver Bow, Montana, 256
miles Lehi Junction to Tlntlo, Utah, 54 miles: Ogden, Utah, t.o Frisco,
276 miles; sundry branches, 173 miles; Butte to Garrison, Mont.. 57
in., owned, but operated by Northern Paoifio; total June 30, 1902,
:
1,740 miles.
In April. 1903, the portion of the main line from Salt Lake City,
Utah, to Callentts, Nbv., 340 miles, with some branch mileage. wa»
sold to San Pedro Los Angeles & S< Lake Ry. See Ciikonici.e of
April 25. 1903.
In April. 1901, purchased the Utah & Paoifio Ry., forming a 74-mUe
extension from MUford southwest to boundary line of Utah at Uvada,
and proposed to extend branch 440 miles to a point on the Bonthern Pacific between Beaumont and Banning. Cal., forming a direct line
between Salt Lake and Los Angeles, the Utah Nevada & California RB.
with $5,000,000 stock, being incorporated to build the extension.
V. 72, p 1136: V. 73. p. 1361. In July, 1902, 42 miles from Uvada to
Calientes, included above, was in operation, and luJun., 1903, aboat
60 miles additional was almost completed. E.xtension of St Anthony
branch to Yellowstone Park, about 75 miles, was also proposed.
History,-Successor March 16. 1897, of the Oregon Short Line A
Utah Northern Ry., foreclosed per plan in V. 62, p. 504. 505. Controlled by Union Pacific, which holds nearly the entire capliAl stock
and the greater part of the Income A and B bonds. V. 75, p. 1032.
L
RAILROAD STOCKS AND BONDS.
April, 1903.]
RAILROADS.
Miles
Date
Size, or
of
Par
of
For explanation of column headings, &o. see notes
Road. Bonds Value.
on first page of tables.
<e Syracuse- Stock, 9 p. c. guar., D. L. & W.
Consolidated mortgage (guar. D. L. & W.).F
Construction M., guar. p. & 1. (for $1,000,000) ..F
Owensboro dt Nashville— 1st mortgaee, gold. .Ce.c*
Ozark <£ Cher. Cent— 1st mort, $9,000,000, g
faiMtn a— Stock
Ist M. ,$4,000,000, 8.f.,g,red. atl05(text).Ce...c'
Subsidy bond8.,g.,dra-wTiatl00. See V.64,p.705.o*
Paterson dt Hud.Riv.—Sti., 8 p.c. rent. N.Y.L.E.&W.
Paierson dt Ramapo Stock (rental guarantee)
Pemigewasset Valley RR.—Stoob (rental guarantee)
Pennsylvania iJlJ.— Stock, $400,000,000. Tr
General mort. bonds, $1,000 and £200 eaoli..o<fcr
35
35
35
88
O$wego
.
"48
48
W.
857
857
Bnnb. Haz. & Wilk., Ist, Ser. A, drawn at 100...
cAr
2d mortgage, Income
Sun. & Lewis.. Ist M.. $600,000, p.& i., g.GuPc*
.
X On coupon bonds J & J.;
.
i.
Pa.
RR PIP
"ibo
50
1867
1875
1875
857
857 1873-4
857 1879
857 1879
857 1893
857 1895
1881
1883
1902
43 1878
43 1878
56 1896
5 1879
138 1888
4-62
1882
& B.
Westclinster, 1st mortgage
West. Pa., cons. M,, g., gu. p &
River Front, ist mort. guar. p.
1,000
1,000
50
stock as collateral)
r
Collateral trust loan, gold, not drawn
o*
OfJld bonds, redeemable, text, convertible GP.c*
(P.
1897
1880
"ibo
r
Currency registered bonds
c
Currency coupon bonds
Sterling bonds
c
Gold registered bonds
r
Gold coupon bonds
o
Gold sink, fund, 1 p. c, not drawn, .c*
Sterling (s.f. inl900) not drawn. o*<fcr
a*
1,000
1,000
1,000
14
14
—
Ronds
$50
1876
1883
1881
1903
..
c*
& 1. by Penn. RR.
on registered bon ds A. &0.
$ orii
1,000
1,000
«200
1,000
1,000
1,000
£200
1,000
1.000
500 &o.
100 &C.
100 &0.
1.000
100 &0.
1,000
1.000
a
Inol
Capital Stock.— Authorized $27,460,100, of which new Union Pacific
Ry.Co.has acquired *27.450,100. V.68,p.l88,381,474.
Bonds.— Of the $36,500,000 new first consols, $22,029,000 are reserved to retire at maturity the loans not disturbed
Series A, incomes, non-cumulative 5 per cents, have received In
Sept., 1897, 4 p. c; Sept. yearly since, the full 5 per cent, at Guaranty
Trust Co., N.Y. or Old Colony Trust. Boston. V. 69, p. 492.
Oregon RR. & Navigation stock, viz., $16,281,400 common and
$976,900 preferred, is owned and pledged as special security for
the Series B incomes, but dividends thereon are to go to the Short Line
company except as needed to pay to Series B their full Interest. In
Oct., 1898, 3 per cent and in Oft., 1899 to 1902, inclusive, 4 per cent
yearly was paid on the Series B incomes. V. 65,_p. 572; V. 66, p. 1141,
The Union Pacific owns $6,674,000 of the $7,185,000 Income "A"
bonds and $14,688,000 of the $14,841,000 "B" bonds.. V. 70, p. 176.
In 1900-1901 $78,108,000 Northern Pacific stock was purchased and
exchaneed for $82,491,871 Northern Securities Co. stock and $8,900.007 cash (V. 75, p. 1196). All of the Northern Securities stock has
been deposited as collateral for an equal amount of "participating"
bonds (see below), the latter, together with the cash mentioned, being
given to the Union Pacific KR. for advances.
The "4 per cent and participating 25-j ear gold bonds" of 1902
(Equitable Trust Co. of New York, trustee), are limited to the amount
of collateral, viz., North'n Securities Co. stock, pledged with the trustee. In addition to the fixed Interest at the rate of 4 per cent (gold)
per annum, the holders are entitled on Feb. 1 of each year, begin
nlng 1904, to any cash dividend paid during the preceding calendar
year upon the deposited collateral in excess of 4 per cent on the outstanding bonds. The entire issue or any part (when drawn by lot) is
subject to caU at 102 la. Amount sold $41,000,000, the $41,491,000
additional bonds Issued being held by the Union Pacific. See also
Union Pacific RR V. 75, p. 136, and abstract of mortgage. V. 75,
p. 243; V 76, p. 383. In Feb., 1903, the quarterly dividend paid on
Northern Securities stock was increased from 1 to I *« p. c. V. 76, p. 213.
Latest Earnings. -For 5 months ending Nov 30, 1902, gross,
$5,244,530; net, $3,021,504; other income, $1,394,023; charges,
$2,573,417; balance, surplus. $1,842,110. For 11 mos. ending May
31, 1902 (1,438' average miles), eross earnings, $10,122,259; net,
$5,260,'<il4; other income. $3,284,304; fixed charges, $4,910,375; tnt
on open accounts, etc., $993,454; bal., sur., $2,640,688.
1900.
1«99.
Year end^d June 50—
1901.
Gross earnings
$9,673,279 $8,578,398
$7,577,108
Netearningsoverexp. and taxes 5,012,274
4,473,464
3,778,280
Financial Office, 120 Broadway, N. Y. City.— (V. 76. p. 266, 382.)
Southeastern
Oregon
To extend from Cottage Grove,
Ore., to the Bohemia Mining District, 36 miles, of which Cottage
Grove to Rocky Point, 14 miles, completed in Jan., 1903. Branch from
Waldron to Robiuson, 6 miles, is also proposed. Stock authorized,
common, $500,000; preferred 7 per cent cum., $500,000; outstanding,
$400,000 of each; par of shares. $100. Bonds, see table above.
President, Geo. W. Crosby, Atlantic City, N. J.— (V. 75, p. 135.)
Syracuse
Owns from Oswego, N.Y., to Syracuse.
Osvreso
N. Y., 35 miles. Leased in 1869 during length of charter and renewal
thereof to the Delaware Lackawanna & Western Railroad Company for
9 per cent per year on $1,320,400 stock and interest on bonds.
Ottaiva Nortliern 6c. Western Ry.— See Canadian Pacific Ry.
Otis By. -Otis Jet. to Otis Summit, N. Y., 1'35 mUes. Successor
June, 1899, to Otis Elevating Ry., foreclosed. V. 69, p. 81. Stock, $65,000. Bonds, $71,000 IstM. 40-yr. 58, dated July 15, 1899, all outstanding. Year 1901-02, gross, +9,515; net, $2,799; int. and taxes, $3,955;
bal., def., $1,156. Pres., Chas. L. Rickerson, N.
(V.69, p. 81.)
:
,
&
&
RR.—
RR.—
Y—
Ry.—
Owns from Owensboro, Ky., to
Ovvensboro Sc Nashville
Adairville, Ky., 84 miles; Mud River Branch, 4 mUes. Operated by
Louisville & Nashville Railroad, which owns the $1,156,518 stock (par
91OO) and $1,200,000 of the first mortgage bonds— all these bonds and
most of the stock being pledged under its trust deeds.
Ozark tc Cherokee Central
Owns Fayetteville, Ark to
Ry.—
Okmulgee,
Gibson.
I.
Outstanding
$1,320,400
438,000
668,000
2,000,000
See text.
7,000,000
2,364,000
869,000
630,000
298,000
541.500
See text.
19,997,820
1,961,000
2,757,000
22.762,020
3,498,000
1,500.000
2,853,000
4,850,000
7,702.000
9,900.000
See text.
al.OOO.OOO
1,350,000
500,000
75,000
4,000,000
212.000
uding $140,
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
Cent.
Payable
Whom.
P. -A., 20 N. Y., Del. L.
M.
8.
do
9
&
M. & N.
6g. M. & N.
^^ A. & O
.
See text.
413 g. A. & O.
M. & N.
I'- J. & J.
I. & J.
8
P. & A.
6
6in 1902 M.&N.j/
6
See X
7
5
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
When Dae.
Stocks— h&Bt
Dividend.
& W. RR,
Feb. 20, 1903
do
do
do
N. T., 120 Broadway.
1. 1907
May, 1923
Mch.
Nov. 1, 1931
N. Y., Chic. & St. Loiiis. Apr. 1, 1943
N. v., 24 State St.
Apr. 3, '03, 2%
do
do
do
do
Oct.
1910
Jan., 1903, 4%
fan., 1903,4%
do
do
Tre's.oflf., Concord,
191/
1,
1.
Nov.
Paterson, N. J.
N.H. Jan., 1903,
3%
Nov. 29, '02, 3
London. July 1. 1910
Philadelphia, Office.
Phila. Office
Q.-M. /f
f.&D.iS
6
6
6
—Pnnoi
Boiuts
pal.
&
June
Philadelphia, Office.
1905
15,
do
do
June 15, 1905
PhUa. office and London July 1, 1905
J.
Q.-M.
Philadelphia, Office.
1919
Sept. 1,
do
do
Sept. 1, 1919
N. N. Y., Farm's L, & T. Co. May 1, 1943
J. ^f.Y..Far.L.&T. &Lon
July 1, 1946
3 lag. J.
4
J.
J. Phila., Pa. Co.for Ins.&c. July 1, 1921
4i«g. J.
D. PhUa. ,Provid't L. &T. Co. .Tune 1, 1913
3i2g.
M.
N. Phila Broad St. Stafn Nov. 1, 1913
M.
N.
do
5
do
May 1, 1928
6
M.
N.
do
do
May 1, 1938
J. N.Y.,Ara.Ex.N.Bk.&Ph. July 1, 1936
4g. J.
Of.
5
S Phila.. Broad St. Stat'n.
Sept 1919
4 g. J.
D.
do
do
Jane 1, 1928
M.
N.
Phila., Co.'s Office.
May 1, 1912
41a
200 bond 8 held a live in sink. fond.
5
g.
M.
M.
8.
.
,
The subsidy bonds are secured by an assignment and pledge
U. S. of Colombia to the trustees of $225,000 annually, of
the annual subsidy or rental to that extent payable to said government
by the company, and are drawn and paid off on November 1 yearly with
any surplus of the subsidy not needed for interest; $180,000 bonds
now in treasury. See statement as to subsidy bonds in V. 64. p. 705.
ANNUAL Report.—The report for 1902 in V. 76, p 807, showed:
Tear
Gross RR.
Net RR.
Net of
Surplus,
made by the
Dec.31. Earnings. Earnings. Steamships. Charges. Incl. Other Inc.
$1,239,34=) $644,635
$23,122 $830,409
$295,384
1,365,171 739,909 loss 143,374
835.809
259.590
The charges above in 1902 include: Subsidy payment $25,000; interest on bonds, $172,002; redemption of bonds. $302,830. etc.— (V.
74,p 95, 827, 1090, 1252; V. 75, p. 550; V. 76, p. 332, 807.)
Paterson &.
River.— Owns from Marion, Jersey City,
N. J. (south of Bergen Junction), to Paterson, N. J., 14 miles, double
track. Leased in perpetuity, at $48,400 per year for road, $5,000 for
land in Jersey City and taxes, to Erie RR., forming part of main line.
Paterson
Owns from Paterson, N. J., to New
York State Line, 14 miles, double track, part of main line of Erie RR.,
to which leased Sept., 1852, during legal existence, at $26,500.
Pecos Valley
Northeastern Ry,—Road. Owns from Pecos City, Texas, to Amarillo, Texas, 370 miles. In Dec, 1900. the
Atchison Topeka <& Santa Fe acquired over 97 per cent of the $2.9 16,000 bonds (50-year gold 58 of 1948) and 97 per cent of the common
and preferred stocks ($3,162,000 each), but the road will be operated
independently for the oresent. V. 72, p. 88. 137; V. 73. p. 736.
Report.—Year 1901-02: gross, $617,779; net, $187,137: otherinoome,
$2,367; int. on bonds, $145,800; surplus, $43,703.— (V. 73, p. 900.)
Pemli^ewasset Valley
Plymouth, N. H.,to Lincoln, N. H.,
23 mUes. Leased to Concord
Montreal for 6 p. c. on stock, and Is
operated by the Boston &, Maine.
f -See Jfap;.— The system, as shown on the adPennsylvania
joining map, extends from New York City, westerly, via Philadelphia
to Pittsburg, Erie, Cleveland, Toledo, Chicago and Burlington on the
north, and to Washington, Cincinnati, Louisville and St. Louis on the
south. The total system on Jan. 1, 1903, aggregated 10,556 miles, of
which 3,661 miles represent the mileage operated directly under the
caption "the lines east of Pittsburg and Erie" and 2,983 miles the
mUeage operated directly under the caption "the lines west of Pittsburg and Erie," the latter being more fully described under the title
Pennsylvania Company and Pittsburg Cincinnati Chicago & St. Louis.
The balance of the system is operated independently.
MOu.
East of FlttsbnrK <& Erie.
Other lines (includ. D.&R. Canal,
Main Line and Branches—
ISilts.
fl31
66 m., aad ferries. 2 m
Philadelphia to Columbia, Pa
81
Philadelphia, Pa., to Now Boston,
Total In Penn. RR. 8taUstics,3,e61
etc
210 Trackage
84
to
1902
1901
Hudson
& Ramapo RR.—
&
—
RR.—
&
RR.—
)
.
.^
.
Harrisbui-g, Pa!,' to 'Pi'ttsburg,' Pa.
248
Branches and spurs
295
Total main line and branches..
834
Lines operated by lease or contract
Har. Ports. Mt. Joy & Lan. RR.T
Uillersville toHarrisb., Pa.,etc..
Tyrone & Clearfield Ky
53
142
18S
Western Pennsylvania RR.T
United New Jersey RR.?
Trenton to Jersey City, etc
Wi
Philadelphia & Trenton RR.T
26
Allegheny Valley Ry.T
261
West. New Yorfe & PennT
64»
Connecting Rail wayt
36
Lines operated under contractBald Eagle Vallev RR.T
93
Cambria* Clearfield RR.T
105
Southwest Pennsylvania Ry.T
lS9
Pittsburg Va. & Charleston Ry.T.
88
Belvidere Delaware R R.T
81
Philadelphia & Long Branch RR.
49
Delaware RiverRH. & Bridge!....
10
Philadelphia* Erie RR.T
307
Reported >iKPARATBLY—
Baltimore & Washlngtom... 712
Northern Central Ry.^
460
West Jer. & Seashore RR.T ilncl.
Phil.
ferries, 2
m
8^8
1
Cumberland Valley RR.t
163
398
98
Long
Island T
Bait. Ches. & Atlantic
Grand
total east of
Ry
P. & B
West
6.812
of Ptttsbarir <& Erie.
(TSee each Co.)
iliUs.
Reported Directlt
Chicago & St.
—
Pitts. Cia.
LouisT... 1,645
Pennsylvania Oompayxy UnesT.
. . .
Total reported directly
.1^^^
'.2,983
Reported Separately—
Grand Rapids & Indiana linesT.
Terre Haute & IndianapolisIT
Other
. .
682
lines (see Ha. Oo.statement)
673
506
Total system Jan.
1,
1903
.
10,531)
.
I. T., Including steel bridge over Arkansas River near Fort
T.; extensions are under construction from FayetteviHe,
Ark., to Jasper, Ark., 100 miles, Okmulgee. I. T to Oklahoma City,
O. T.. 150 miles, and Muskogee. L T., to Fort Smitti, Ark,, 100 miles..
The stoekholiiers voted on March 16. 1903, to increase the stock
from $2,000,000 to $9,000,000, understood to be all owned by the St.
Louis & San Francisco; also to issue $9,000,000 new 40year 5 per cent
old bonds and provide for
gold bonds to take up at once $2,780,0i
extension of main line and construction of branches. See V. 76, p.
865. President, H. W. Seaman, St. Louis, Mo.-(V. 76, p. 102, 865.)
Colon to Panama and La Boca, 50 miles, 5-foot
gauge. The Panama Canal Co., about to be purchased by the U. S.
Government in April, 1903, owns a majority ($6,850,000) of capital
stock. V. 76. p. 334. In June, 1902, made a new traffic agreement
for three years with the Pacific Mall Steamship Co. V. 74, p 1252.
DIVIDENDS. \ '85 '86-7 '88 '89 '90 '91 '92 '93 '94-00 '01 '02 '03
Since '84 p.ct. ( 10 nU. 23 9
5
5
2
2 NoneMar.2 4 Apr., 2
In 1902. June, 2 per cent; Sept., 2 per cent.
Bonds.-The mortgage of 1897 is for $4,000,000; sinking fund
Is $150,000 yearly and bonds may be drawn for s. f. at 105; the entire
Issue may be called for payment on and after April 1, 1903, at 105.
V. 65, p. 516. See also description In V. 66 ,p. 1043.
,
Panama RR.—
Amount
107
Organization, Leases, &o.—The charter of the Pennsylvania Railroad was dated April 13, 1846. The Pennsylvania Company oontrola
all the lines west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock. In 1900-1 the Penn. RR. parchased a large interest in the stock of Baltimore & Ohio BR., Chesapeake <fe Ohio By.
and Norfolk & Western Ry. V. 70, p. 76, 231, 687; V. 72. p. 481.
581; V. 76, p. 484
In 1900 acquired most of the stock and income
bonds of the Western N. Y. A'Penn. Ry. V. 72. p. 481.
The Baltimore & Ohio, together with the Vanderbilt Interests, in
1901-02 came into virtual control of the Reading Co. V. 76, p. 102.
The Western New York A Pennsylvania Ry. and the Allegheny Valley Ry. were taken over under lease August 1, 1900, adding
about 829 miles to the system proper. V. 72, p. 491. In May, 1900,
purchased a majority of the Long Island RR. stock. V. 72 p. 481.
On April 1, 1902, Schuylkill & Juniata was merged. V. 76. p. 484,
The Western Pennsylvania and other roads connecting with the main
line were merged In Mar., 1903. V. 76, p. 486, 594.
SECtTRiTiES Owned.— The total cost of these to January 1, 1903, was
$225,948,825, manyof which are pledged to secure Pennsylvania Issuep.
Revenue derived from these securities in 1902, $8,118,860.
Capital Stock.- Stock authorized, $251,700,000; the amount oatstanding has been increased from time to time, chiefly by sale to
Btookholders for new acquisitions, etc. See Oen. Finances below.
108
INYESTORS'
SUPPLEMENT.
[Vol.
LXXVI.
KAILKOAD STOCKS AND
April, 1903.J
RAILROADS.
Miles Date Size, or
Amount
Par
of
For explanation of column headings, &c., see notes of
Road. Bonds Value. Outstanding
on first page of tables.
Pennsylvania RB. -(Concluded)—
—
o'
Equip. Tr, gold bonds (s. f 5 p.c.) not drawn
Penn. RoUlng Stock Trust, $300,000 paid yearly
$300,000 paid yearly
do
do
Penn. Car Trust, $300,000 paid yearly
$7 00,000 paid yearly
do
Penn. Equipment Trust, $200,000 paid yearly...
$400,000 paid yearly.
do
do
do
$400,000 paid J early...
do
Penn. Steel Car Trast, $700,000 paid yearly
do
$300,000 paid yearly
do
r
Del. Ave. Market Ist mortgage
r
Delaware Ave. Bloodgood property
Penn. RR. real estate puroh. money g. M.FP.c*&r
Pennsylvania Company Stock
Bonds, gold, sec. by pl'ge & guar, by Pa. RR.c*&r
Gu.tr. ctfs. ,$20,000,000 g. gu.Pa.RR.,ser.Ao''<fer
ser. B.GP.o*<kr
do
do
do
ser, C
c*&r
do
do
do
do
$1,334,000 dr. y'rly, g., gn. Pa. RR.OP
Car trusts (Dec, 1902)
Ftnngylvania <t North Western— Stock, $2,500,000.
o*
Bell's Gap 1st mortgage.
CoDBol. M. (for $550,000) 8. t. not dr'n.GuP.c*
.
1889 $1,000
1898
1,000
1899
1,000
1899
1,000
1900
1,000
1900
1,000
1901
1,000
1902
1.000
1902
1,000
1902
1,000
1889
5,000
1892
1,000
1893
1,000
50
1881
1,000
1897
1,000
1901
1,000
1902
1,000
1901
1,000
—
76
30
30
46
76
47
202
342
342
342
20
20
OuF
GuP
General mortgage for $2,500,000. GuP
Clearfield
&
Jelferson Ist mortgage
o*
o*
Peoria <t Bureau yal.—%Vs.., 8 p. o. rent'l C. R.I.&P
Peoria <£ Eastern— lud. Bloom. & W. 1st M.,pf .CeoAr
Ohio Indiana* West. 1st M.,pref.,g.,lnt. gu.Cec*
P. <fe E. oonsol. M., $10,000,000, int. guar.Ce.c*
c
2d conaol. mort.. Income, non-oumulativeCe
Ce.o
Peoria cC Peki7i Unio7i—lBt mortgage, gold
c
2d mortgage, gold.Ce
Cent.
Payable
4
M. & 8.
Q.-J.
1,800,()<"0
g.
3ifl g.
3l2g.
1,800,000
3ifl g.
2,100.000
3iflg.
4,900,000
1,600,000
3»fl g.
3,600,000
3hi g.
3.600.000
3iflg.
313
7,000,000
313
3,000.000
300,000
43,0
200,000
4*10
2,000,000
4 e.
40.000.000 3 in 1902
19,467,000
4^2 g.
3l2g.
4,900,000
9,898,000
3»flg.
5,000 000
3^ g.
18.666,000
3^g
5,8^6,144 Various
2,25.0,000 2 in 1902
81,000
6
145,000
6
1,000.000
6
1,021,000
5
1,500,000
8
985,100
4
500,000
5 g8,500,000
4
4,000,000
4
1,495,000
6g.
4l3g.
1.499.000
1880
1,000
1883 500 (fee.
1886 500 &c.
1890
1,000
100
1879 100 &c.
1888 500 &c.
1,000
1890
1,000
1890
1881
1,000
1.000
1885
Pennsylvaula RR. Co.— Concluded.
Bonds— PrtnoiINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
$2,728,000
50
109
BOJSTDS.
Whom.
Dividend.
Glrard Trust Co.
do
do
do
do
q!— F.
do
do
do
do
Q.-M. Comm'l Trust Co., Phil,
Q.-M.
do
do
Q-M.
do
do
Q.-J.
do
do
do
do
Q-J.
M. & 8.
Philadelphia.
M. & 8.
Philadelphia.
M. & N. N. Y., Farmers' L. & Tr.
Pittsburg,
Dec.
Co.'s Ottlce.
J. & J. N. Y., Nat'l City Bank.
M. & 8. N.Y.,Unlon Tr. <fe Phlla.
F. & A.
do
do
J. & D.
do
do
M. & N. N. Y. and Philadelphia.
Various Phila., Gu. Tr. Co., etc.
J.
<S?
J.
& A.
& O.
J. & J.
J. & J.
F. & A.
A. & O.
Q.-J.
A. & O.
F.
A.
See text
Q.-F.
M &
N.
Phlla.,
Sept. 1, 1914
Oct., 1903-08
Oct.,'03to'09
Nov., 1903-10
Feb.,
1904-10
Dec, 1903-10
June, 1903-11
Mch., 1903-12
July, 1903-12
Oct.. 1903-12
Mch.
1,
Sept. 1,
May
1,
1909
1912
1923
Deo.30,'02.3%
July 1, 1921
Sept. 1.
Feb.
Deo.
1,
1,
Nov.
1,
1937
1941
1942
1916
Various dates.
Phlla., Gu.Tr. & S. D.Co. Jan. 10, '02, 2
Phila., 26 So. 15th St.
Aug. 1, 1905
Phila. Gu.Tr.A S. D. Co. Apr. 1, 1913
do
do
Jan. 1, 1927
do
do
Jan. 1, 1930
N.Y. ,Ch.R.I. & Pao. RR. Feb., 1903, 4%
N. Y., J.P. Morgan & Co. Apr. 1, 1940
do
do
Apr. 1, 1938
do
do
Apr. 1, 1940
4 P.O. paid Apr. 1, 1903 Apr. 1, 1990
N. Y., Central Trust Co. Feb. 1, 1921
do
do
Feb. 1. 1921
,
BARNINO8 ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND BRIB.
Tear ending Dec. 31—
1902.
1901.
1900.
'02
5 '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93-99 '00 '01
6
6
5 5Ja 6
6 5y'ly.
6
5
5 51a 5
p. 0. i8i« 7
In 1893 paid also 2 per cent in scrip.
BoKDa.—Co7isolidatedmort. of 1873, sf e Supplement of October, 1901.
The4^er cen< ioa»i 0/I88I is secured by PhUa. Wilm. & Bait, stock.
For gold 3i«s of 1902 see "General Finances." Mortgages and ground
$219,849,865 $198,626,878 $175,236,353
67,629,593
64,913,492
54.738,077
J. Cassatt; Ist V. P., John P. Green, 2d
V. P., Charles E. Pugh; 3d V, P., S. M. Prevost; 4th V. P., Samuel
Bea; Secretarv, Lewis Neilson; Treas., Robert W. Smith. N. Y. headquarters, 85 Cedar St.— (V. 76, p. 543. 594, 705, 752. 811.)
rents payable Jan.
Directors— Alexander M. Fo3C. N. Parker Saortridge, William L. Kikins, Alexander J. Cassatt, Clement A. Grlscom, Amos R. Little. William H. Barnes, Geo.
Wood, C. Stuart Patterson, Effingham B. MorrLs, Thomas DeWitt Cuvler, Jas.
McCrea, Lincoln Godfrey, John P. Green, Charles B. Pugh, Sutherland M. Prevost, Samuel Rea.
Pennsylvania Company.— f See Map Pennsylvania RR.J—Owna
no road in fee but has charge of all the system of the Pennsylvania
Railroad Co. west of Plttsburg,_viz.; (^ See this company).
Leased l>y transfer from Pa. RR.:
Controlled by slock, etc.:
Miles.
Miles. Pitts. Cin. Chic & St. L.Tri,356-39
Plttsb. Ft. W.
Chicago.. i;469-89 Cin. & Muskingum Val... 1)148-45
New Castle & Beaver Val. . ^114-98 Waynesburg & Washing. . 28-15
12-23 Cin. Leb.
MassUlon & (Cleveland
Nor
4571
Erie & Pittsburg
Tr84-47 Grand Rapids & Indiana.. 43021
Cleveland & Pittsburg.... i:201-74
Musk Qt. Rap. &, Ind.. 4068
Leased directly by Pa. Co.:
Traverse City RR
26-00
Pitts. Youngs. & Ashta. .
1112509
Cin. Rich.
Fort Wayne 1185-60
ToledoWal.Val.& Ohio... 1)2 34-41 St. L. Vand. & Terre H.
11158-30
Indianap. & Vincen. RR.*1T133-11 East St. L. & Carondelet . IT 13 -25
Controlled by stock or olhenoise:
Logansport & Toledo Ry..
93-03
Cleveland
Marietta
1^103-13 Terre Haute &Logansport 159-36
Pitta. Ohio Val. &Cln.
15-27 Terre Haute
Ind'lis RR. 123-22
•55 Terre Haute ife Peoria RR. 145-12
Roch. Beaver Falls &
.
2-96 Cleve. Akron & Columbus. 196-97
Marginal RR.,Beav.F..Pa.
-71 Wheeling Terminal Ry....
Rolling Mill RR. ,Toledo,0.
9-65
South Chic & Southern.
21-31 Newport & Cincin. Bdge.
-73
51-42 LouisvUle Bridge
Branches W.N.Y.&Pa.Ry.
2-45
Controlled jointly:
Pitts. Chariiers
Yough. . 1118-32
Total Penn. Co, lines... 1,47 1*27 Tol. Peoria & Western.... 11230-70
DIV8.
1903, $5,261,017.
the authorized capital stock was Increased by $100,000,000 to $251,700,000; $50,^00,800 thereof being
subscribed for bv stockholders at $60 per $50 share, raising the
amt.out8tandinKto$202.200,bOO. V.7 2. p. <92. 533, 627, 1238. i280.
The stockholders voted on March 10, 1903, to auth>ilze an Increase in the stock from *251, 700,000 to $400 000.000, to be made
from time to time in tue d'scretion of the directors, $50,000,000 of the
increase, if deemed advisable, to be issued in convertible bonds. Of the
stock about $21,400,000 was issuable April, 1903, in exchange for convertible debenture.?. (See below.) Stockholders of record May 9 are
offered right to subscribe to Jibout $75,000,000 new stock tin the proportion of one-third of their holdings), at *60 per $50 share, payable $30 between June 15 and June 27, 1903, inclusive (or optionally in full at that time), *lr. between October 15 and 26, 1903, in1,
General Finances.— In 1901
clusive, and $15 between June l** and 25 inclusive. The new stock
certificates will be issued on Aug. 25, 1903, or Aug. 20, 1904. This
will raise the amount outstanding to about $301,000,000. The right
to subscribe exjiires on Juiie 27. V. 76. p. 383, 488, 594 706.
In 1902 were issued $50.000.000 10-year 3i2> gold bonds, dated Nov,
1902, of which about $30,000,000 were converted in Apr..
1903. Into stock at +70 per share, and balance are convertible at option of holder Into stock at $70 per share on May 1 1904, or any subsequent interest day, on 30 days' notice: they may be called for redemption at 10.iii2 and interest on any Interest day beginning May 1, 1904,
but if called may be converted on basis above stated. See V. 74, p. 577.
In June, 1901, obtained control of the Pennsyl ^-anla and Cambria
Steel cos. Bee "Industrial cos." and V. 72, p. 1280 V. 73, p. 843, 957.
In Jan.. 1903, the company was proceeding to construct an underground electric tunnel railroad from New Jersey under the North River
to a central passenger station at 33d St. and 7th Ave., New Yoik City,
and thence under the East River to a connection with the Long Island
RR. in Lonsr Island City. Completion of the work, estimated to cost
about $40,000,000, will take several years. The tunnel will afford entrance iuto New York City for the Pennsylvania Railroad and
Long Island RR and enable the sending of through trains by raU direct
from the South and West to all points in New England via the bridge
from Mott Haven to Lonjr Island, which is to be built by the New
York Connecting RR.; see V. 71, p. 913; V. 72, p. 1280; V. 73, p.
1264: V. 74, p. 38 478, 831, 884, 1308; V. 75, p 1203. 1302, 1355.
The loan of $40.000 000 at 412 p 0. due iuly, 1903, will be paid
from the proceeds of the June instalment on the new stock. V. 76, p. 811.
As to extensions and improvements proposed in Jan., 1903, see V.
1,
,
;
.
,
76, p. 4»7, 488. 594.
Latest Eaknings.— Jan. 1 to Feb.
28, (2 months) directly operated:
Gross, $17,796,698; net, $3,681,496
Lines east of Pitts- ) 1903
Erie.
Gross, 16. 13". 098; net, 4,749,296
burg
U902
Lines west of P. & E,, inc. or dec... Gross + $603,000; net, —$573,100
ANNUAL Report.— Fiscal year ends Dec. 31. Annual meeting Is held
at Philadelphia on second Tuesday in March. The report for 1902 was
given at length In V. 76, p. 484, 539 see also editorial p. 511.
&
;
REPORT OF PENNSYLVANIA RAILROAD COMPANT,
Tear ending Dec.
31—
1901.
1900.
3,739
3,650
$112,663,330 $101,329,795 $88,539,828
Gross earnings
$.i7.612,259
$36,070,252 $30,440,622
Net earnlntrs
8,ll>*,86l
7,781,720
5,781,297
Int. on Pa. RR. Investments.
253,54 3
255.170
245,188
Int. on United N. J. securities
444,489
390,732
394,700
Int. for use of equipment.
272.773
103,535
73,928
MlfloeUaneoue
$46 65-2. 136 «44.6.'>5.166 $36,931, /66
Gross Income
*ll. 605,948
Deduct— Rentals
$14,643,144 $12,224,520
4,267.539
Interest on funded debt
4,254,585
5, 095.883
172,503
Interest on stock allotment.
172,319
162,637
149,367
Int. on morts. A gr'd rents..
0.'i0,4H0
1,503.173
939,901
2,
Car trust payments
200,678
566,779
74,168
Interest, general account...
136,400
loan
sink.
fund.
136,400
136,400
tru3t
Equip.
,606,074
1,560,219
1,197,227
State taxes and mlscellan
$20,802,172 $22,460,836 *19,b54.236
Total
$25,849,964 $•22,194,330 $17,277,530
Balance
$129,4 28
$103,341
Payments—To trust fund
$109,673
1902.
3,706
MUes operated
.
.
Consol. mortgage redeemed
Extraordinary expenses
402.100
12,505.000
402,390
10.824.595
402,690
6,540,785
$7,046,816
$13,036,528 $11,336,65S
Balance to credit Of Income... $12,813,4:- 6 $10,857,672 $10,230,714
Dividends
(6)12,262,491(6)10,857,672 (6)8,781,171
1.449,544
Extra Betterment Fund
credit of profit and loss
Bal.profit and loss Deo. 31
To
$550,945
$24,861,421 $22,485,305 $22,485,305
Gross earnings
Neteamings
Officers— President, A.
&
&
,
&
. .
.
. .
.
&
W
&
.
.
&
Trackage
161*59
Ry.
Total of all lines
4,925-65
Organization—Chartered In Pennsylvania April 7, 1870. Its stock
Is owned by the Pennsylvania Railroad.
On Deo. 31, 1901, the Penn
sylvania Co. owned sundry bonds having a par value of $1 ?, 280,000,
and stocks of par value of $137,631,653. valued at $92,377,013, and
yielding from Jan. 1 to Deo. 31. 1901, an Income of $3,505,366. In
1902 income from securities owned was $5,413,983.
Stock.— Stock, $40,000,000 as increased Deo. 5, 1901. from $21,000,000 In return for stocks of controlled cos. See V. 74,p. 41. 95.
Divs. S'83 '84 to '91 '92
'93
'94
'95 to 1900
1901
1902
p. c. i 4
4 Mar. 4 June 4
none
Deo. 3 Deo. 3
Bonds.—The gold bonds of 1921 are secured by leases of P. Fort
*
Operated by P. O.
C.
&
St. L.
W
6 C, the Cleve. & Plttsb. and Erie & Pittsb. railroads, and of bonds and
stocks having a j»ar value in 1881 of $24,171,630, as well as real estate.
The guaranteed trust certificates, "A," "B" and "C" were issued by
Glrard Trust Co., Philadelphia, as trustee, under a deed of trust made
by the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged an equal amount at par of the
7 p 0. guaranteed special stock of the Pittsburg Ft. Wayne & C;hicago
Railway Co. The total authorized issue of the trust certificates Is
$20,000,000, each series to be secured by deposit of shares of the
special guaranteed stock to an amount equal to the par value of the
series, the sinking fund having retired $202,000 to Jan. 1, 1903. See
V. 6.), p. 368, 572, 1116; V. 67, p. 122; V. 72, p. 339. 490.
The $20,000,000 gold 3', p c trust certs, of 1901 were issued to
pay for acquisition of stock* of the Pennsj Ivania Ss Cambria Steel companies. They are guaranteed, principal and interest, by Penna. RR.,
and secured by deposit of $15,000,000 Pitts. Cincin. Chicago & St.
Louts preferred, $5,000 000 Norfolk «fe Western preferred and $5,000,000 Bait
Ohio preferred stocks, and are subject to call for redemption by lot a par in 15 equal annual drawings. V. 73. p. 843, 957,
Report.— Report for year 1902 was in V. 76, p. 650, showing gross
on 1,519 miles, $33,025,618; net, $9,717,219; other income, *5,413,983; interest, rentals, etc., .$9,347,217; transferred to extraordinary
expend, fund, $2,000,0' 0, sink, fund, $1,627,960; dividend (3 p. c), $1,200.000; bal., sur.. $956,025. In 160I, gross. .$29,054..544; net. $8,742.506; other Income, $3,505,366. In year 1902, profit, $5,783,985;
in 1901, profit. $3,681 ,260. (V. 75, p. 794; V. 76, p 65<».)
PennsFlvania
Nortb Tl^estern
Owns BeUwood, Pa., to
Horatio, 62 miles total, including branches, 79 miles. A consolidation
Jan. 1, 1890. of the Bells Gap and CJleartield * Jefterson roads. In Jan.,
1903. 82,237,900 of the $2,250,000 stock had been exchanged for that
of the Penn. RR., 4 shares for 9 of the P. & N. V. 74, p. 152.
&
&
RR.—
:
Dividends.
Per cent,
)
1890
5
'91 '92 '93 '94 '95 '96 to '98 '99
2
none.
2
5 5Ja 6
2
1900
'01
4
4
'02
Jan. 2
Earninob.— For lOmos. ending Deo. 31. 190-J, gross, $7m,750; net
$247,511; other Income, $2,245; int., taxes, etc, $138,650; dlvidendB.
$89,866; bal., sur.. $21,250. -(V. 74, p. 152, 428.)
Peoria 6c Rnrcau Valley
Peoria to Bureau June, 111.,
47 miles. Leased in 1854 to Chicago Book Island <fe Pacific RR. for
$125,000 yearly; dividends, usually 8 p 0. yearly, occasionally more.
s
RR.—
no
INYESTORS' SUPPLEMENT.
RAILROADS.
Miles Date Size, or
For explanation of column headings,
on first page of tables.
&o., see notes
J»ere Marquette— Comiaon stock, $16,000,000
Preferred, 4 per cent, non-oum., $12,000,000
Grand Rapids Newaygo & Lake 8h. let M.2d Dlv.
Chic. (fewest Mich. gen. M. ($12,000 p. m.).NB.o*
D.Gr.R. &W.,lstcon.(now let) M.,law.m.OB.o*
Flint &PereMarq. M. ($1,000,000 are 48) gold..c
o*
Consol. mortgage, g.Ce
o*
Pt. H. Dlv. Ist M. ($3,500,000), g., Ce
o*
Toledo Division, 1st mort. gold, IB
Ch.ife N.Ml.lstM.,gu.p.&i.endby Ch. & W.M.OBo*
Western Ecialpment Co
Marquette equlp't 1st M., guar., a. f.. call at par.
Eastern equip. 1st M.,gu. p Al„callpar..text !»St
Pere Marquette consol. M., $50,000,000.. .F.o&r
Lake Erie & Detroit River Ist M., gold
Pere Marquette coll. tr. M., g., call par.
Pere Marq. Tran.sportat'n Co., gold, p. & 1. guar.
Saginaw Tus. <fe Huron, 1st M., p. & I. guar.Co..
Gr. Rap. Beld. & Sag.. Ist M., gold, Infest rental.
Fer/ciomen— Ist M.,ser.I(lstrn)g.,gu.p.&l.HeP.c"
Ist M., ser. 2 (2drn) g., gu. p. & 1. (end.) PeP.o*
Peterbormigh J2JK.—Stock (rental 4 per cent)
Petembnrg RR.—See Atlantic Coast Linb RB.
of
Boad. Bonds Value. Outstanding
•••
10
480
380
280
400
235
19
89
,
.
/'Ai^.cCBaY/. Cen^— Ist M.$2,500,000,$l,200,0004iflS
Philofielphia Baltimore <t Washington Stock
Phi 1 W. & Bal. plain bos. , s.f $20,000 yrly , not dr.r
r
Plain bonds
—
.
.
Plain bonds
Plain bonds, gold
Plain bonds, gold
r
r
r
Potomac, ist M.(tun.)g., 8. t., not dr'nx.c*
Bait.
ist M., road, guar., gold, s. fd., not drawn... xo*
Consolidated mort., $10,000,000. sold.SBa.c*
Phila.dt Ohes. F.— l8tM.,pf.,old 5s, red.'96,g. PePo*
1st m.. old 4s. not pf.. Int. reduo' In '96, g.PePo*
&
Par
of
....
....
202
•-•
.
....
66
28
38-3
38-3
....
1,000
....
1900
1,000
1903
1,000
1901 lOOO&o.
1902
1,000
1903
.•*•.>
1897
1,000
1900
1,000
1899
1,000
1888 100 &0.
1888
1,000
100
73
-•
1881
>•-•
• ••>
1880
1887
1887
1891
1892
1871
1871
18^9
1888
1888
•
*
•
.•
.-•
....
l^fl
92
93
>•>>
....
/fwMW— Pnnoi
INTEREST OB DIVIDENDS.
pal, When Due.
Bate per When Where Payable, and by S<o<!fc«— Last
1,000
50
....
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1.000
500
500
&
Cleveland Cincinnati Ch. & St. L., whioh guarantees interest, but
not principal, of the first consols and the underlying bonds, and owns
one-half the $10,000,000 stock, par $100. See Supplement of Jan.,
1894. as to provisions respecting any surplus over charges. Company
owns $125,000 stork of the Peo. & Pekln Union By., on which 6 p. o.
yearly was paid 1895-1902. V. 74, p. 152.
Bonds.—See abstracts of mortgages of 1890 In V. 51, p. 246 and
of O. Ind. & Western mortgage, V. 47, p. 201.
Incomes.— Dividend on incomes 4 p. c. paid April 1, 1902, from earnV. 76, p. 480. In
ings of calendar year 1901; Apr. 1, 1903, 4 p. c.
April, 1903, semi-annual payments were proposed. V. 76, p. 811.
Earnings.- 8 months, ) 1902-3. . .Gross, $1,876,047; net, $441 ,751
1,692.838; net. 462,299
5 1901-2.... Gross,
July 1 to Feb. 28.
Sur. over 8mos. charges, $172,245 in 1903. against $192,793 In 1902.
Annual Repoet.—For 1901-02 see lessee's report In V. 75, p, 439.
Interest.
Net.
Balance.
Tear end. June 30. Oross.
'$564,260
1901-2
$654,113
$89,853
$2,518,751
404,075
821,950
417,875
1900-1
2,488,303
•Includes $160,000 (4 p. c.) int. on incomes.
-(V. 74, p. 152, 428; V. 75, p. 439; V. 76, p. 480, 811.)
.
& Pekin Terminal Ky.—See Street Railway
& Pekln Union Ry.— Owns Pekln to Peoria,
Supp't.
on both
sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 18'14; second main track, 880; total main track, 26*94 miles.
Mileage of side and yard tracks, 53-71. Capital stock, $1,000,000.
Owned by Peoria & Eastern (Cleveland Cin. Chic. & St. Louis system)
Northwestern, Chic. Peoria & St. Louis, Illinois Central
Chicago
&
system. Lake Erie & Western ajid Toledo Peoria & Western companies.
Dividends 1895-1902, 6 p c. per annum. Earnings for year 1901-02,
charges, $157,155; Imgross, $809,817; net over taxes, $22(i,847
provements, $32,951; divliiends, $60,000; balance, def., $23,259.—
(V. 70, p. 584,; V. 74, p. 152.)
93,000
797,000
3,500.000
4,605,000
3,000,000
2,870,00(>
& J.
& K
& O.
& O.
& S.
& J.
J.
M.
A.
5
M.
4g.
J.
F.
5
A.
g.
Dividend.
F."& A. N. Y.R.Wlnthrop & Bos.
J. «& D. N. Y., Un. Tr. & Boston.
J. & D.
do
do
A, & O. 2d Nat. Bank, Boston.
A. & O. N.Y., B.Wlnthrop & Co.
M. & N.
do
to
A. & O.
do
do
6
5
3to4g
Whom.
Payable
Cent.
....
$100 $14,145,500
100
10.512,200 See text.
1875 500 Ac.
19,000
7
1881
1,000
5,758,000
5
1897 500 &o.
5,379,102
4
1880
1,000
4
5,000,000
g.&6 g.
1889
1,000
2,850,000
5g.
1889
1,000
3,500,000
5 g.
1897
1,000
400,000
5g.
1891
1,000
1,667,000
5
Peoria Eastern Ry.— CSee Map Olev. Oin. Ohie. rf 8t. Louis.)—
Owns from Pekln, ni., to Indianapolis, Ind., 202 miles, and has a lien
of $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage, Pekln to Peoria, 9; total operated. 352 miles
Lease, Etc.—Formerly Ohio Indiana & Western, sold in foreclosure
Leased till Apr. 1, 1940, to
In 1890, reorganized per V. 49, p. 616.
Peoria
Peoria
Amount
LXXVI.
[Vol.
J.
J.
260,000
799,600
1,125,000
385,000
2.200,000
&5
23,494,500 See text
1,000,000
5
1,000.000
4
1,000,000
4
930,000
4 g.
1,000,000
4 g.
1,500,000
6g.
3,000,000
6g.
3,000,000
5 g.
280,510
4 g.
100,000
3 g.
4i3
&
&
&
&
&
&
&
&
&
&
&
&
M.
J.
J.
N.
Phlla..
J. Phlla.,
Penn. RR. Co.
Broad
St. Stat'n.
1,
1905
Deo. 1, 1921
Apr. 1, 1946
Oct.
May
Mar
& J.
do
6g.
do
4g. F. & A. N. Y., Confl Trust Co.
5g. M. & S. Int'l Trust Co., Boston.
5g. Q.-J. PhUa. Reading Ter.Bld.
do
5g. Q.—J.
do
4
A. & O.
Nashua, N. H.
80,000
1,000,000
June
Apr.
Interna Tr.Co., Boston. July
Bos., Nat. Webster Bk. May
Boston.
Apr.
do
Oct.
N. Y.. R. Wlnthrop&Co.
A. NY.Can.Bb.of Co.orTor
D. St. L.-Unlon Trust Co.
&
&
Feb.16,'03,2%
Jan.
1920
1939
1939
1937
1931
1909
1910
2 1908
1,
1,
1,
1,
1,
1,
1,
Aug.
1,
1,
Jan.
1,
1951
1932
1923
$20,000 y'rly
Aug. 1, 1931
Mch. 1, 1924
Jan. 1, 1918
Jan. 1, 1918
Apr., 1903,
2%
Nov. 1, 1911
Deo.31,'02,2%
D. Phll.Of ;Bo8t. .Kld.Peab June
O.
do
do
Apr.
N. Phlla., Broad St. Stat'n Nov.
J.
do
do
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1910
1917
1922
1926
1932
1911
1911
1929
1938
1938
Stock.-Authorized $16,000,000 common and $12,000,000 4
p. 0.
A.
M.
J.
A.
J.
A.
J.
A.
A.
.
do
do
OtBoe and London.
O.
do
do
J. Bait. Office. Calvert St.
O.
Oct.
J. Bait.
July
Apr.
July
Apr.
Apr.
Philadelphia.
O.
O.
do
do
outstanding common $14,145,500, preferred as in table.
Dividend.— On pref., 4 p. 0.. paid Feb. 11, 1901; Aug. 1901. 2 p. 0.:
In 1902, 4 p. 0., (F.&A.); in 1903, Feb., 2 p. o.
Bonds—The consol. 48 of 1901 (total issue $50,000,000) are limited
to $20,0^0 per mile of completed single track line. Including underlying bonds, or $25,000 per mile double-track. Of the bonds, $26,656,000 were reserved to retire the same amount of old bonds. V. 72, p.
675. Of the Marquette Equipment bonds one-tenth will be retired
yearly by the sinking fund at par, and the entire issue may be called at
that price on 60 days' notice. V. 72. p. 1184.
The collateral trust gold bonds of 1902 (limited to $2,8TO,000) are
secured bv the entire capital stock ($1,400,000) of the Lake Erie &
Detroit River Ry., the National Trust Co., Limited, of Toronto, being
trustee, and are subject to call on any Interest day on 60 days' notice.
They boar interest at 3 per cent to Dec. 1. 1905, and thereafter 4 per
cent to maturity. V. 75. p. 1302; V. 76, p. 213.
The Eaotem Equipment 59 of 1903 are in two series -A for $1,500,000 and B for $2, Ot 0.000 the entire issue may be called March 1 of
any year and $75,000 of the As and $100,000 of the Bs are redeemable Mar. I yearly. V. 76, p. 866.
Latest E arni'gs.- 2 mos., } 1903 .Gross, $1,605,864; net, $251,549
Jan. 1 to Feb. 28.
1,527,90J; net, 242,337
^ 1902. .Gross,
The Lake Erie & Detroit is included in both years.
Report.— Report for 1901 was In V. 74, p. 983. Statement for 1902
non-cum.
pref.;
;
.
was
In V. 76, p. 332.
Tear ending Dee. 31—
Gross earnings ..
Operating expenses and taxes
Netearnlngs
Add net land receipts
1901.
$9,201,175
7,110,212
$2,444,841
$2,090,963 $1,965,519
50,519
.21,765
Total net Income
Deduct— Interest
Dividend on pref. stock
1902.
$9,955,375
7,510.534
••
$2,466,606 $2,141,482
1,451,704
1,3.56.389
(4) 420,416 (4) 420,446
1900
$8,296,112
6,330,593
$1,965,51<»
1,319,331
(4)420,000
;
Peoria & Spring; Ry.-See Sdp. of July, 1902, and V.
Pere marqnette BR.— (See J!fap.)—System Includes:
75, p. 290'
Miles.
Miles.
Lines owned in fee.
Other lines, branches, etc
473
Alexis (near Toledo) to LudTrackage, eto
268
276
Ington on Lake Michigan.
Trackage St. Thomas to BufLa Crosse, Ind. to Bay View,
380
falo, N. Y
112
Mich.
Leased (G. R. Kal. & S. E.)_
Detroit to G'nd Rapids, Mich. 152
Rapid City to Stratford
PortHuron to Howard City.. 172
33
Pt. Huron to Grind stone City. Ill Saginaw Tuscola & Huron—
(See this company.)
Grand Rapids to Big Ledge.. 94
102
Saginaw to Baa Axe.
Allegan to Pentwater
66
Walkerv. Ont., to St. Thomas 128 London & Port Stanley
24
Sarma. opposite Port Huron,
74 Total (incl. 34 m. 3-ft. gauge).2.243
to Rondeau..
Also owns oar ferries Milwaukee to Muskegon, and Ludington and
Manistee to Milwaukee, etc., and four steamers valued at $443,564. In
Feb.. 1903, three additional car ferry steamers were ordered, to cost
$950,000, and also a vessel, to cost $240,000, to ply on Lake Erie,
between Rondege and Conneaut. V. 76, p. 383.
Oboanization.— Incorporated Nov. 1, 1899, as a consolidation of
Chicago <fe West Michigan Ry., Detroit Grand Rapids <fe Western RR.
and Flint & Pere Marquette RR.. per plan in V. 68, p. 1024, 1181. The
Lake Erie & Detroit River Ry.. 226 miles miles, including leased line,
24 miles, was taken over Jan. 20, 1903.
In Dec, 1902, a syndicate consisting of Thos. H. West and John F.
Sheplev of the St. Louts-Union Trust r.o., F. H. Prince, G. H. Norman,
Newman Erb. Nathaniel Thayer, T. F. Ryan, Mark T. Cox and others,
acquired $9,271,700 of the $14,145,500 common stock, which, together
with $^,800,000 additional stock (about equally divided between common and preferred stock) have been placed in a 5-year votln«r trust,
thus ensuring control. The purchase of the Lake Erie & Detroit
River Bv. and an agreement for trackage with the Michigan Central,
terminable on 60 days' notice, from St. Thomas to Buffalo, 112 miles,
extends the line easterly from Detroit to Bulfalo. V. 75, p. 981. 1203,
1254, 1302.
On Mar. 6, 1903, the Pere Marquette International Bridge Co. was
organized to build a bridge across the Detroit River near Grosse Isle,
about 20 miles below Detroit. The U. 8 & Ontario Steam Navigation
<;o., Including docks at Conneaut and Fort Dover, on Lake Erie, will
be controlled by the Pere Marque. te and the Bessemer & Lake Erie.
V. 76, p. 480, 594.706.
On Mar. 9, 1903, the Pere Marquette RR. was incorporated to build
46 miles from New Buffalo to Hammond. Ind.. 20 miles from Chicago,
under construction In April. 1903. The South Haven & Eastern, Lawton to South Haven, Mich., 37 miles; tlie Mllw*ukee Benton Harbor &
.
Columbus, Benton Harbor to Buchanan. Mich., 27 miles, were
quired on Apr.
1,
1903.
V. 76, p. 383, 594, 752.
ac-
Balance, surplus
$594,485
$364,647
$226,189
Officers.— President. F. H. Prince; Vice-President. Newman Erb.
New York; Vice-Pres. and Gen. Mgr., Myron J. Carpenter; Sec. and
Treas Charles Merrlam; Auditor, J.E.Howard; Directors, Jan. 1903.
V. 76, p. 48.— (V. 76, p. 480, 594, 705, 752, 866.)
,
RR.—
Owns from Perklomen Junction. Pa., to Emaus
Perklomen
Stock, $1,500,000 (par value of shares,
Junction, Pa., 38 3 miles.
$50); owned by the Reading Co. and mostly deposited under its Jersey Central collateral 4 per cent mortgage of 1901. V. 72, p. 283. Reorganized in 1887. In year 1901-02, gross, $397,057; net. $191,473;
Interest and taxes, $102,830.— (V. 71, p. 1013; V. 72, p. 283.)
Wilton to Greenfield, N. H., IOI3 miles.
Peterborougli
Leased April 1, 1893, to Boston & Lowell for 93 years at 4 p. 0. on
stock and expenses. Capital stock $385,000; par, $100; div., A. O.
Baltimore Central
Plilladelphla
West Fnua. to
Octoraro Jc.Md.. 63 miles; Wawato West Chester, Pa., 9 m. (double
m.;
leased, Chester Oeek RR., 7 m.; Phlla.
track, 13 m.); branch, 2
Baltimore & Washington holds $2,497,150 of the $2,499,189 stock;
1901-02
gross
earnings,
For
$968,718; net, incL other Income, $199,736;
charges, $173,578; bal., sur., $26,158.
^i^M Map
Pblladelplila Baltimore Sc TV^aslilngton
Penn. BiJ..;—Operates from Philadelphia to Washington. D. C, and from
Wilmington, Del., to Delmar, Del., with branches as follows:
RR.—
&
RR.—
RR.—
owned—
Lines controlled, leased, etc.—
Phlladelphia&Balt. CentrallT. 80
Baltimore (all double tracks. 119 Delaware RR. IT
258
49 Delaware Md. & Va. IT
Bowie to Pope's Creek, Md
98
Delaware
City,
42
Other
lines
etc.
Branches to
68
(5)
Lines
Miles,
Philadelphia to Bowie, Md.,via
704
Total (Tf see this company)
Organization.— A consolidation Nov. 1, 1902, of the Philadelphia
Wilmington & Baltimore RR. and Baltimore & Potomac RR. Stock,
$25,350,450, in $50 shares, of which $23,494,500 Is outstanding.
mostiy owned by the Pennsylvania RR. V. 75, p. 395, 1032. As to
proposed new terminals at Washington, D. C, see V. 76, p. 594, 812.
1903.
Dividends. 5 '88 '89 '90 '91 '92 '93 '94 '95 '96 to '02.
Jan., 2
7
7% 7 6 6 7 712 7 61s
(P. W. & B.) ^
In 1902, Jan., 4 p. 0.; July 3 p. c. First dividend (semi-annual)
since consolidation. 2 p. c. paid Dec. 31, 1902. V. 75, p. 1355.
Bonds.-The bonds Issued by the Phil. Wllm. & Bait, are all to be
secured by any future mortgage; see page 4 Scp. of April, 1895.
Mortgages and ground rents 1901, $163,765.
Gross, $12,230,749; net, $4,189,821
Earnings- 12 mos., ) 1901-2
Gross, 11,808,249; net, 3,948,721
Nov. Ito Oct. 31. (1900-1
ANNUAL Report.—Year ends October 31. Report for 1900-01 was in
V. 74, p. 526, showing gross, $11,808,649; net, $3,748,807; other
Income, $612,600; Interest, taxes, rentals, etc., $2,072,665; dividends,
$827,354; bal., sur. for year, $1,461,388. appropriated to extraordinary
expenditure fund.— (V. 75, p. 136, 395, 1032, 1355; V. 76, p. 594.)
Apkil, 1903.J
EAILROAD STOCKS AND BONDS.
Ill
112
mYESTOKS' SUPPLEMENT.
I
LXXVI.
Vol.
Uettysburg
Forest
^
O
.Minnesola
MAP OF THE
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\ AVhitoyooO
_
DeadwoodgA
;
ROCK ISLAND COMPANY
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April.
1903.]
RAILROAD STOCKS AKD
BOOT)S.
iia
mVESTOHS' SUPPLEMENT.
114
RAILROADS.
Miles Date Size, or
Amount
1
of
Par
For explanation of column headings, &c., eee notes of
Boad.i Bonds Value. Outstanding
an lirst page of tables.
Pkila. A E?-i«— Common stock ($10,000,000 author.)
Special stock, 7 percent
Cten. M. (now Ist) gold, guar. p. & 1. by Pa. RR..0
r
do
($5,263,000 are 5s)
do
PAito. <t Frankford—lat M., $500,000, gu.GnP.O*
R.
Ry
iVorri«rn—
rental.,
P.
&
Stock
Phiia. Qerm. dt
Phila. Eamsburg <f: Pittsburg— \at mort., gold.O*<fer
(see text)
o*
M.,gold
Phil.Nexol'n<{:N.Y.—\fit
305
305
305
305
.
..
•
30
47
22
1890
1892
> - •
- -
•
.
d
50
•
1,000
1,000
100
50
1,000
1,000
1.000
1,000
50
50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
l,00O
1,000
50
Fwtgr/i'y— Stock, $1.000,000..
19
Gen.M.$l,000,000,g./gu.p.&i.(end.)FPi See text
<t St. Louis— Gom. Btook
1,095
1.095
Preferred stock
208
5 Coi. & Ind. Cent, morts. ($2,335,000 are 1st M.)
93
iUnlon <fe Logansp'tl8tM.(U'nCltytoLogan8.)o*
rin.o*r
RSO
Pitts
(*22.ooo.onn>g.
poTi.M.
Ohio ft. T. *
Pittsb'g Cincinnati Chic.
Pbliadelplila
1,000
1,000
1,000
••
Philadelphia & Reading My.— SEE READING C CM PA NT.
27
....
PhUa. <t rren<on— Stock 10 p. c. rental, Penn RR.
Piedmcmt <£ Oumberland—Stock, 5 per cent rental.
29 1886
c*
Ist mortgage, gold. Interest rental. Me
1902
Pine Bluff <C West— iBt M., $1,200,000, g., red.text
75 1885
Pine Greek— Ist M., guar. prln. and interest (end.)r
o
8 1900
Piquadi rroy-l8t M., $2i0,000, g.,gu. p. &i
• >_a
Pittsburg Bessemer <6 L. J?.— Com., 3 p. 0. rental
Pref. stock, 6 per cent cum., guar, by rental
134 1890
Plttsb. Shen. & Lake Erie, 1st mort., gold-Ccc'
151 1893
Consol. l8t mort., for $4,800,000, gold.Ce ..c*
193 1897
Pitts. B. & L.E., consol. M., $10,000,000, g.U8.0*
193 1899
Debentures, gold, $2,000,000. See text.UPl. ..
1897
> >
Bessemer eq. trust, $75,000, g., ea. July l.UPI.
1898
• >
Conneant equip, trust, part due yearly, g.FPI..
1899
Shenango equip, trust, part due yearly, g.l-PI..
1900
Green\ me equip, irust $100,000 due y'ly.g.UPI
1901
*
Butler equipruent trust $2,050,000 UPl.
Ptttsbui-gVhartUrs
$50
50
....
1869
1869
1892
&
Chester Valley
RR.— Road
1892
•
1,000
•
100
100
....
1864
1865
1883
1,000
1,000
1.000
from Bridgeport
to Downinirton, Pa., 22 miles. Chartered in 1888. Capital stock (par
$50) is, common, $550,000 ; preferred, $205,100; total, $755,100, of
•which Reading Company owns $454,450 common and $205,100 preferred, of which $4.'i0,000 common and $205,100 preferred are deposThe Reading Company
ited under its general mortgage of 1897.
guarantees the bonds, with interest reduced. See V. 63, p. 1064.
Phlladelpbla Sc Erie ViTt:—( See Map Penn. iJiZ.j— Owns Sunbury
to Erie, Pa., 288 miles; branches. 17 m.; double track. 123 miles
Obganization, Lease, &c.— Formerly Sunbury & Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net receipts paid as
Pennsylvania RR. owned Dec. 31, 1903. $3,499,800 common
and $2,400,000 special stock and $3,944,000 general mortgage bonds,
and city of Philadelphia (sinking fund) $2,250,000 common stock.
Dividends.— On common in 1892, 2 p. c; 1894, 2 p. c; 1901, 2 p. c;
1902, July, 2 p. c; Dec, 2 p. c. On "special." 1888-93, 7 p. o. yly.; '94
to '96, none; '97, 2 p. o.; '98 and '99, 4%; 1900 to 1902. both inch. 7%.
Gross, $1,009,996; net,$l65,691
Earnings.— 2 months, ) 1903
51902
Gross,
883,729; net, 245,324
Jan. 1 to Feb. 28.
AmoJAL Report.—Report for 1902 was given in V. 76, p. 539.
1901.
1900.
1899.
1902.
Year end. Dec. 31—
$6,423,192 $6,789,689 $5,824,626 $5,348,029
Gross earnings
2,110.335 2,725,740 2,086.010 1,664,235
Total net Income
1,019,150 1,019.150 1,019,150 1,019,150
Interest on debt
168.000
:68,000
168,000
96,000
Div. on special stock
Div. on com. stock.... (4%) 319,400(2)159,700
757,491
447,864
588,018 1,202,722
Interest on equipm't, &0.
rental.
8r.$15,766sr$176,168sr.$141,369 8r$101,221
Balance
-(V. 74. p 380, 526; V. 75, p. 30; V.|76, p. 383, 539.)
Pbiladelpbla &. Frankford RR.— Owns from CresoentvUle to
Frankford, Pa., 26 miles. The $500,000 stock is owned by Reading
Company of which $498,950 is deposited under its mortgage of 1897.
In 1898 interest on bonds reduced from 5 to 4 per cent, principal and
interest being guaranteed by Reading Co.— (V. 67, p. 1358, 1357.)
Pblla. Germ. Sc Cbestnut Hill RR.— See Connecting Ry.
Pbiladelpbla Geriuanto'wrii &. Norriotourn RR.—Phila.,
Pa., to Norristown and German town. Pa., 20*66 miles; second track,
20 miles; 3d track, 2*59 miles; total track, 102-4 m.; leases Plymouth
RR.. 9 miles. Leased Nov. 10, 1870, toPhUa. & Reading for 999 years;
rental, $277,623 and $8,000 yearly for organization expenses.
Pbiladelpbla Harrisburg
&.
Pittsburg
RR.— Harrisburg,
Pa.,to Shlppensburg, onthe Western Maryland RR., 47 m.; 2d track,
3'38tt.; sidings and laterals 17-47 miles. Leased October 15,1890,
for 999 years at 5 p. c. on stock, interest on bonds, taxes and
expenses to the Philadelphia & Reading i2iJ., which by endorsement
on each guaranteed the bonds, principal and interest. Lease assumed
in 1896 by Philadelphia & Reading Railway. Stock, $2,000,000 (par,
$50),ownpd by Reading Co., of which $1,995,000, along with $1,472,000
of the bonds also owned by the Reading Company are deposited under
its general mortgage of 1897. Mortgage is for $2,000,000.
Iforli
Philadelphia to
Pbiladelpbla Newtown tc
Newtown, Pa., 22 mUes; sidings and laterals. 3*42 mUes. Stock
common, $1,225,000; preferred, $400,000; par, $50. Of the bonds,
$849,100 (with coupons only partly paid— see V. 64, p. 331), are owned
by the Reading Co. and deposited under its general mortgage of 1897.
In October, 1898, interest ou $507,000 bonds was reduced to 3 per
cent, from April 1, 1897, and made a lirst charge, that on remainder
of issue being left at 5 per cent subject to said agreement. V. 68, p.
773. Current liabilities June 30, 1901, $272,589.
Mew
Pbiladelpbla
Pbiladelpbla
&.
ic
RR.—
Reading RR.—See Reading Company.
Trenton RR.— Phila. (Kensington), Pa.,
to
24 miles, mostly four-tracked, and branch 3 mUes. On
June 30, 1871, leased, with the United Cos. of N. J., for 999 years to the
Penn. RR. at 10 p. o. on $494,100 stock, the total issue being $1,259,100. the balance being owned by the United RR. of N. J.
Piedmont & Cumberland Ry.— Road from W.V. C. Junction, W.
Va., to (Cumberland, Md., 29 m. Under the new lease of '99 the W. Va.
Co. & Pitts Ry receives all revenues and pay s all expenses, f^ p. o. int. on
bonds and 5 p. c. F.&A. on stock, of which it owns 92 per cent. V.
69, p. 590, 5t»2; V. 73, p. 785. Previous dividends: 1894, 5 p. c: 1895,
6; 1896, 6; 1897. 5; i898, 4; 1899,4.— (V. 69, p 492; V. 73, p. 785.)
Pine Biu ir & AVentern Ry.— See Supp. of Jan., 1903.
Pine Creek Ry.—Owns Stokesdale Junction, on the Fall Brook
Road, to Newberry Junction, Pa., 75 miles. Organization.—N. Y.
Central controls the capital stock and leases the road for 999 years,
from May 1, 1899, for $35,000 yearly, payable quarterly, Q.-F., bond
interest and taxes.- V. 68, p. 379, 573, 773, 872. The Ist mortgage Is
guaranteed by the Reading and the New York Central, jointly and
severally. See form of guaranty, V. 56, p. 650. Stock, $1,000,000
(par, $50); July 1, 1902, N.Y. Central owned $999,000.-(V. 68, p. 573.)
Pittntbarg BeMHcmer &. Lake Erie RR.— f/See Jfap.>— Owns
line oomplefed in August, 1897, from Bessemer, near Pittsburg.
Pa., to Conneaut Harbor on Lake Erie, and Wallace Junction, Pa., 155
miles; terminal in Erie, etc.. Pa., 2 miles; branches, 11 miles; leases
Meadvlile Conneaut Lake <fe LinesviUe RR., Llnesvllle to Meadvllle, 22
miles; trackage to Cascade, near Erie, etc., 13 miles; total, 203 miles.
Most of the road owned is to be double-tracked in 1903. V. 75, p. 1203.
Morri»\^ille, Pa.,
.
$7,985,000
2,400,000
8,680,000
11,143,000
500,000
2,246,900
2,000,000
1,417,000
[Vol.
LIXVI.
Bonds— Pna^irNTEREST OR DIVIDENDS.
pal. When Dae.
Rate per When Where Payable, and by Btochs—L»st
Cent.
Whom.
Payable
Dividend.
4 in 1902 Semi an Phila., Broad St. Stat'n. Deo. 30,'02,2
7 in 1902 Yearly. Phila., Broad St. Stat'n. D6C.31,'02,7
J. & J.
do
and London. July 1, 1920
4g.&5g. A. & O. Phila.. Broad St. Stat'n. July 1, 1920
4g. F. «fe A. Phila. Comp'v's office. Aug. 1. 1922
12
Q.-M. Phila.„Mar.<&Mer BIdg Mar. 4. '03, 3%
5g. A&015 Phila., Comp'y's ottice. Oct. 15, 1925
See text. A. & O.
do
do
Oct. 1, 1942
See text.
650,000
650,000
10
5
Phila. , Company's Office Apr.,'03.2J«%
Q.-J.
&
5 g. F. &
(J)
6g. A. &
3,500.000
6
J. &
225,000
M. &
10,000,000
A. &
2,000 000
6
J. &
3,000,000
5 g&
658,000
5 g&
6,342.000
5 g&
2,000,000
5 g&
300,000
6
&
300,000
6
M. &
725,000
5 g- A. &
1,000.000
5 g- M. &
5 g. A. &
2,050,000
700,000 4Jan.'00
316,000
4 g. A. &
F.
A. Check from Co.'s office.
A. Baltim.,Hambleton(izCo
O.
D. N. Y. Gd. Cent. Station.
N. (In. Sav. Bk. & Tr.,01n.
2H
Feb.
1, '03,
1, 1911
Oct. 1, 1922
Deo. 1, 1932
Nov. 1. 1939
Co.'s oflioe. Apr. 1. '03,1»«
Aug.
O. Check from
D.
do
do
Deo. 1,'02,3%
O. N. Y. Central Trust Co. Oct. 1, 194iO
do
J.
J.
N. Y., U.
S.
do
Trust Co.
Jan.
D. Un. Trust Co., Pittsb'g.
J. Un. Trust ( 'o., Pittsb'g.
8. Fid. Tit.
Tr., Pittsb'g.
&
Union Tr.
N.
do
O.
1,
1,
1,
Co., Pittsb'g. Apr. 1, '04-'13
do
May 1, •ll-'20
do
O.
1943
1947
June
1910
J'ly 1, 1903-06
Mch. 1, 1904-8
July
do
Apr. 1, 1921
Jan.15,'00,4%
Apr. 1, 1932
Pittsburg, Office.
O.
do
do
24,777, 534 3 in 1902 See text N. Y., Farm. L. <fe T. Co. Feb.l6.'03, \^
22,699,116 4 in 1^02 J.
J. N.Y.,Farmer8' L'n&Tr. Jan.l5,'03, 2%
Various N. Y., Union Trust Co. Nov., 1904
3,021,000
A. & O.
715,000
7
do
do
Dec., 1905
5 e. A. <fe O.
1..506.000
do
do
Oct. 1. 1932
&
Organization, Etc.—A consolidation Jan. 14, 1897, of the Pittsburg
Shenango & Lake Erie and the Butler & Pittsburg. Carries iron ore
south and coal north. See V. 63, p. 1159; V. 65, p. 152. Controls boat
lines for coal transfer to Canada. See V. 60. p. 872; V. 61. p. 241. 795.
Of the stock $5,500,500 com. and $500,100 pref. are owned by the
Carnegie Co. and deposited under its collateral mortgage. Leased
for 999 years from Apr. 1, 1901, to the new Bessemer <fe Lake Erie
BR., a subsidiary organization of the Uarnegle Co. for 6 per cent on
pref. and 3 p. c. on common stock. Interest on bonds and organization
expenses, etc., the lease being guaranteed by the Carnegie Co. V.
72, p. 137. Through Carnegie Co. Is controlled by U. 8. Steel Corpo'n.
Dividends.- On pref., 3 p. c. 1899. In 1900. 6 p. c.; since under
lease. 6 per cent yearly on pref. and 3 p. c. on common.
Bonds.- Debentures of 1899 may be called after June 1, 1909, upon
company paying ifl per cent for each year of unexpired term.
The P. B. & L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y.). covering aU the railroad, property, rights and
franchises of the consolidated company, including the agreement with
the Carnegie Steel Co.. Limited, and the Union RR. Co. Of the 58 of
1897 $4,800,000 reserved to retire Plttsb. Shenango & Lake Erie bonds.
Earnings.- Report of lessee company for year ending Deo.31, 1902,
was in V. 76, p. 749, showing gross, $3,843,367, against $3,021,215 in
1901; net, $1,668,514. against $1,543,864.
Pres.. James H. Reed. Pittsburg.— (V. 72, p. 137; V. 75, p. 185, 1203.)
Pittsburg Carnf-gle
Sc
Western Rt. — Under
construction as
& L. Erie from near Jewett, O., to Pitt"buTg, Pa.,
60 miles; to be completed in fall of 1903. See V. 76, p. 543. The 20-mile
link with W. & L. E. to be built fr >m Jewett to Mingo Jet. under charter of Pitts. Toledo & Western RR. V. 74, p. 1090, 1197. To form,
in connection with Wabash, an independent route to Pittsburg for the
Missouri Paoitlc and associated Unes. A contract providing a large
tonnage is reported to have been made with th-t Carnegie Co. (now
extension of Wheel.
contTi'Ued
by the U.
8.
Steel Corp.)
one
Stock authorized, $2,000,000,
thefunds for
class; all outstanding. Alsyndlcato is supplying
construction.— (V. 75, p. 498; V. 76, p. 103, 332, 543.)
all of
Pittsburg &. Castle Sbannon RR.—V. 72 ,p. 439; V. 74, p. 1309.
Pittsburg Obartiers & Yougbiogheny Ry,—Owns from Chartiers to
Beechmont, 19 m.
:
trackage (Chartiers Ry.), 2 m.; 21 miles In
Stock outstanding, $700,000,owned jointly by guarantors mentioned below. DrvtuENDS— In 1895, 4 p. c; 1896, 11 p. c; 1897, none;
1898,7 p. c; 18W9. 1 p. o.; 1900. 4 p. c; none since. Of the 4s half
all.
are guaranteed (endorsed) oy Pitts. Cin. Chic. & St Louis, the other
half by the Pittsburg & Lake Erie. See guaranty. V. 56, p. 650. The
$303,000 first 6s were paid at maturity on Feb. 1, 1902, in cash borrowed at 4 per cent per annum. In year endinsr Dec. 31. 1902, gross,
$343,316; net, $134,656;
int., etc.,
$42,243; bal, sur., $92,413.
Pittsburg Cincinnati Cbicago
Lines owned.
Miles.
Pittsburg,Pa., to Chicago,!!!. 509
Rendcomb Jc. to Anoka Jc... 166
Bradford Jc. to IndianapoUs. 104
IndianapoUs to JefitersonvUle 108
216
Branches
Total
owned
Trackage
—
1,103
Indianapolis to Kokomo
55
Louisville Bridge, etc
5
2/inesiea*'d(1I See these oo's.) Miles
&. St. liouis Ry.— C/See Map.)—
Lines leased Con.
MUea,
Ohio Connecting Ry
..,
3
Pitts. Wheeling & Ky
28
Eng. Connecting Ry. InChlo.
3
Otherlines
5
Operated under their own
organization
—
—
Pittsburg Chartiers & Yough-
iogheny Ry..
& Musk. VaL
Cinoin.
BR
BB
Waynesburg & Wash.
1&
149
28
23
TTChartiers
Miami
192
Total of all Jan. 1,1903. ..1.612
Organization, &c.—Formed in 1890 by consolidation (per terms In V.
50, p. 875) of Chicago St. Louis & Pittsburg, Jetfersonvllle Madison A
IndianapoUs, C!inolunati & Richmond and Pittsburg Cin. & St. L. Controlled by Pennsylvania Company through ownership of stock.
Capital Stock.—The stock authorized is: Common, $45,000,000;
ITLittie
preferred, $30,000,000; par, $100. Outstanding Dec. 31, 1902. common,
Stock Usted to 8«»pt., 1902,
$24,777,534; preferred, $22,699,116.
common, $25,539,300; preferred, $24,000,000. Suit V. 68, p. 381: V.
69, p. 1248; V. 70, p. 126. Of the preferred sto. k, $15,000,000 1»
pledged as collateral under Penn. Co certificates of 1901. V. 73, p. 957.
The preferrea stock is " non-cumulative and eutitled to a dividend
of 4 per cent per annum out of the net earnings as declared by the
Board, with the right after 3 per cent has been declared on the
common to an additional 1 per cent, making 5 per cent In all."
After 5 per cent on both common and preferred, tlie two share pro rata.
Dividends.— ) 1892-93. '94. '95. '96, '97-'98. '99. '00. '01. '02 1903.
2
On pref. p.
> 4 yearly,
Jan.,2
On com., 1 P.O., Aug. 15, '01; in '02, 3 p. c. (F&A); in '03, Feb., 1>«%.
c—
3444
20
Stock op Old Companies unexchanged Jan. 1, 1903: Plttsb. Cin.
I'iltsb., common, $442,.
St. L. common, $26,750, Chio. 8t. Louis
267, and preferred, $6,052; SteubenvUle & Indiana, common, $80,771,
and preferred, $750; Jeff. M. & I., $5,000.
Bonds.—The consolidated mortgage for $75,000,000 (Farmers' Loan
& Trust Co. of N.Y. and W. N.Jackson, trustees,) covers the entire prop<fe
<fe
erty. Sufficient consols are reserved for the purpose of retiring all sectional bonds at maturity, at which time they must be paid off. The
remainder are Issuable for improvements, additions etc. They are
guaranteed unconditionally as to principal and interest by tht. Penn
-
k
KAILROAD STOCKS AUD BONDS.
April. 1903.]
llff
Gowanda
Daj-ton
Cattaraugus
Little Valley
idolph.
..o"
Falfconer Jc.
^^-"^
Jamestown
JRusaell
Columbus
^
^^^aOHrirbjConneaui Jc
RANESVILLE
o Edlnborougli
V-*'
Albion
^Klnzna
Irvjneton
\shtabula
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O
i)
R.
CrosslngTlUa
o
Cb
•
Garland^
Shaaelana
ivt/
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<^
sTiona
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?
Jefferson
Centre ville
Vandergrift
^^MeaJville
Jc!)P5^."^*W;'mEADVILLE
r
itnaoveri
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fidloute
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Kane Jc/
o TVayne Cen.
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Clarendon
Venango
Sheffleld Jc,
yxionesta
^
f
Duhrings
Jfarien,
JameSitownc
Tylersburg
"*•
JIUlstone,
ot<N*
Xatlmer./*
ol
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osigel
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Clarioa,
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&
MAP OF THE
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£^4
1
Homewoodl
PITTSBURG, BESSEMER
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Ilenfrewi^!
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Pabolds^J"
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V'&o*^
Beaver)
Gallery Jc.
JJlars
|^<^-.^.
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Downeyvillel
A,,'o;„
iHouseville
"Valencia 1
1
LAKE ERIE RAILROAD
_
JleghenyJ(J.
JCulmerviJi
B.
hburg
61b9onlan^
"Wbodlawnl
"nriiawooaj
Tell05TCO^
-ix
i polio
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ainiarvllle
xiriuwooaj
o'K^ndalL
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BESSEMER & LAKE ERIE
<
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KoBtour Jc5-~»^^^?^^
All^gK"er)y,
-oCoal Works
North Bessemer
Pittsburgh"
Traperial
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8teiA)en*1llel
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CT HOMESTEAD
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I
Blalrs ville
R. R.
Lessee
116
INVESTORS'
SUPPLEMENT
[Vol.
LXXVI.
RAILROAD STOCKS AND RONDS.
April. 1903.1
RAILROADS.
Date
Size, or
of
of
Par
of tables.
<t 8t.L.—(Oon.)—»t. & Lad. Ist M.r
Jefl'nvUle, Mad. & In. Ist M. (s. f. drawn atllO).o
2d mort., Jeffersonv., Ky., to Indianap. & bi^li.c
116
222
222
Pitts. Oin. Okie.
"•A,"g.O'
'B,"g.C*
" C," g.C* 1,095
Con. M., $75,000,000, gold, guar. p.&l.
(end.)
by Pennsylvania Company.
"D,"g.o*
:
" E," g.o*
1864 $1,000 $3,000,000
1866
1,000
a73 1,000
1870
1,000
1,970,000
1890 1,000
10.000,000
1892 1,000
8,786,000
1892 1,000
1,379,000
1895 1,000
4,983.000
1899 1,000 bl0,837,000
Toledo-See Baltimore & Ohio BR.
100 19,714,286
470
?%ltsb.Fl. Wayne £ O.— Gen. stk., 7 p. 0. guar. Pa. RR.
100 24,033,300
Guaranteed special imp. stock, 7 p. c. guar, by end 470 1871
468 1862 500 &0.
5,250,000
l8t mortgage, series A to F ) Sink, fund, ciunula468 1862 500 &0.
tive, notdrawn.o*5
5,160,000
do
series G to M 5
2d
468 1862 500 &o.
2,000,000
3d mortgage
3 1901 200 &o.
150,000
Pi</»./.£6.rf fi.- A.&B C.Ter.RR..l8tM.g.,gu p.&l.o*
Pittsburg Junction— See Baltimore & Ohio.
50
8,000,000
Lake Erie— Stoob, auth. $8,000,000
Pittsburg
71 1878
1,000
2,000,000
c
1st mortgage, gold
1,000
c
71 1889
2,000,000
2d mortgage, gold. Series A. & B.N
1902
1,000
600,000
Pitts. Lisbon dt West—^ew mort., g.,eee text.B,o*4r
500
25 1896
150,000
P. L. & W. Ry., Ist M., subject to call at 105
Powgr/i.— Stock, guar., see text
1884
50
3.959,650
Pittsburg McK.
57 1882
1,000
2,250,000
Ist mortgage, guar, by P. & L. E. and L. 8. & M. S.c
57 1884
1,000
900,000
2d M., gu. p.&i. (end.) by P. &L. E. and L. 8. &M. S.c
28 1888
1,000
600,000
McKeesport & Belle Vernon, Ist M., g., ass'd. FPl
15 1890
1,000
290.000
Pitts. Ohio Yal.d Oin.— Ist M. g., s.f. notdrn FP.c*
Pittsburg Painsesv. <& Fairport—Bee Baltimore & Ohio RR.
1899
112,000
1,000
Pt««6. SAaicwwt ceJV^o.— IstM. g.,$12,000,000Colc*
1902
5,888,000
New mortgage, gold. $1 5,000,000.
84
50
3,772,400
Pittsburg Virginia dt Charleston— Stock ($6,000,000)
84 1895
1.000
3,431,000
Cons. M.,now 1st. g., s. f., not dr'n, ser. A f;P c
to $73 8,000.
a Sinking fund Jan. 1, 1903. held $2,212,000 additl onal.
Western—
Baltimore
See
& Ohio RR.
Pittstytirg rf
Pittsburg Oleveland
A.
7
J.
&
&
&
&
&
&
&
A
4g. M.
31a g. F.
See text.
See text.
7
7
7
5g.
10 in '02
6g.
5g.
4g.
5
6
6
6
6
Bylvania Company. The five series are all equally secured. ft«e adv.
In CHBO^nCLE May 21, 1892, and guaranty on bonds, V. 56, p. 604.
Gross, $3,533,670; net, $672,928
Latest Earns.-2 mos., >1903
Gross, 3,443,674; net, 946.504
Jan. 1 to Feb. 28
J 1902
Annual Report.— Report for 1902 at length in V. 76, p. 743,757.
1902
1901.
1900.
Tear ending Dec. 31.
1,164
1,156
1,156
Miles operated (system proper)
$22,610,557 $20,683,174 $19,012,677
Qrosseamings
5,705,687
4,948,651
5,996,621
Netearmngs
141.351
71 ,042
x 220,815
Miscellaneous
$5,776,729
.*6.217,436
Total net earnings
$5,090,002
$2,202,^03
$2,161,601
$2,260,180
Interest on bonds
131,687
132,239
131,193
Rentalspaid
254
878
205,830
224,355
Car trusts (including Interest) .
*1,398.359
*1,800,990
*1,037,386
Miscellaneous
Dividends on preferred
(4%) 907926 (4%)907,870 (4%)907,670
....
(3%) 743296 (2 ^2%)618,832
Dividend on common
$371,549
Balance, surplus
$138,080
$547,743
* Includes extraordinary expenditures in revising grades, alignment,
etc., etc. X Includes profit In operating Little Miami RR. and St. L. V.
&T. H. BR.— (V. 74, p. 1356; V. 75, p. 733; V. 76, p. 748, 75 7.)
Tol.
See Bait. & Ohio RB.— (V. 76, p. 49.)
Plttsb. Cleve.
&
RR.—
Pittsburg Fort AVayiie & Clilcago Ry.— C-See MapPenn.BR.)BOAD.— Owns from Pittsburg, Pa., to Chicago, 111., and br., 470 miles.
Double track. 271 miles, of which part was built in 1893. In July, 1900,
of additional second track was under construction.
Foreclosed Oct. 24, 1861, and reorganized. From July
1, 1869, leased in perpetuity to the Penn. RR.; rental pays interest, sinking fund of debt and 7 per cent on stock, payable Q.-J. The
lessee keeps road In repair and pays taxes and expenses.
Id July, 1901, an extra dividend of 2 per cent was declared on both
stocks, but it wiU be paid on the guaranteed special stock only in case
the courts hold that stock entitled to it. V. 72, p. 821, 1188.
Capital Stock.— The special improvement stock is Issued to Pennsylvania RR. for improvements, &o., under article 16 of lease, which
provides that the lessor may issue special bonds or stock. See V. 50, p.
139, and wording of endorsement in V. 56, p. 774. The special stock
is In aU respects subject to the general or prior stock and "to the
rights of holders of said general or prior stock to have distributed to
them In quarterly instalments an annual dividend fund of $1,380,000
free of all taxes." This special stock is issued from time to time for
betterments; in 1898, $335,300; in '99, *824,907; in 1000, $1,002,700;
In 1900, $1,291,200; in 1902, $1,418,200. Of the $24,033,300 guaranteed special stock outstanding Nov., 1902, $20,92.'i,900 is pledged
to secure bouds of the Pennsylvania Company. V. 75, p. 1087.
Bonds.— The first mortgage is in series of $875,000 each and second
mortgage of $860,000. Of the above Ist mortgage bonds, $2,919,500
and of the second mortgage $3,147,500, and $2,626,140 cash, were held
in the sinking funds Jan. 1, 1902.
Report.— Report forl898 in V. 69, p. 127. In 1902 profit to lessee
was $781,049; in 1901, $831,230 —(V. 73, p. 663; V. 75, p. 1087.)
66 miles
Ac-
Pittsburg Joliustown Ebeusburg
&.
Eastern
RR.— (Part
gauge). Owns Frugality to PhUlipsburg, Pa., 34 miles; leases
Beech Creek Terminal RR., Juniata Juncfor 990 years Altoina
tion to Altoona, 314 miles, guaranteeing its $150,000 5 per cent gold
bonds, prin. and Irt. V. 73, p. 81, 139. Stock authorized, $1,500,000; outstanding, $1,200,300; no bonded or fioating debt in July,
car trusts, dated June 1,1900.
1901, except $60,000 20-year 4 p.
drawn $3,000 yearly for the sinking fund. Year ending June 30, 1902,
gross, $45,174; Dct, $4,610. Chairman of board. John F. Finney;
President, Samuel P. Langdon, Philadelphia, Pa.— (V. 75, p. 442.)
See V. 67, p. 688, 788, 954, 1056. B.
Pittsburg .runctlon
O. is in control, owning all of the securities except $14,950 common stock, $959,000 first 68 $270,000 second 5s and $219,000 Terminal Co. 58. See B. & O. and V. 69. p. 1063, 1192 and V. 70, p. 77.
Lake Erie
Pittsburg
Owns from mttsburg. Pa., to
Youngscown.O., 68 miles; branch lines to Newcastle, Pa., 3 miles; total
owned, 71 miles (of which 67 double track); leases Pitts. McKeesport &
Yough. (which see), 103 miles; Mahoning State Line RR., 3 miles, and
Beaver & EUwood RR., 3 miles other, 4 m.; total operated, 184 miles.
Owns $139,850 stock of Pitts. Chartiers & Yough. P. & L. E.
is operated in Interest of L. S. & Mich. 80., which owns $3,050,000 of
stock. The stockholders voted on Jan. 28, 1902, to increase the
took to $8,000,000, to provide for improvements, including the
four-tracking of the line from Youngstown to McKeesport, etc.,
$2,000,000 of the new stock being issued Aug. 1, and the remaining
$2,000,000 being subscribed for at par, payment to be made by Jan.
31, 1903. V. 74, p. 152; V. 75, p. 1303.
Dividends.- > 1884 to 1891.
1892.
1893 to Feb. ,1903
Per cent. (
6 yearly.
10 yearly.
8
Annual Report.— For year ending Dec. 31, 1901, gross, $8,047,167;
net, $1,789,171; taxes. $129,194; interest. $231,092; rental, $477,017;
other, $8,346; div., (10 p. 0.), .$400,000 equip. $533,000; bal., sur.,
$10,522. In 1900, gross, .$7,145,023.— (V. 74, p. 880; V. 75, p. 1S03.)
Pittsburg Lisbon dc AVestern
New Galilee, Pa., to Lisbon,
O., 25 miles; Salem to Waf hingtonvUle, O., 7 m., coal road, 3 miles;
total, 35 miles. Extensions are reported to bo proposed to Canton
Ashtabula and East Liverpool, O., and in Pennsylvania to a connection
&
RR.—
RR.—
&
;
;
RR.—
g.
5g.
5
4
.
A
J.
7
4»2g. A.
4^g. A.
4i«g. M.
<fi
3-ft.
5
J. N. Y., Nat'l City Bank.
0. N, Y.,Fannera' L'n & Tr.
do
do
do
do
do
do
do
do
do
do
do
do
J.
0.
0.
N.
N.
A.
pal, When
Due.
Stocks— L&al
Dividend.
Jan. 1, 1914
Oct.
July
Oct.
Apr.
Nov.
Nov.
Aug.
1,
1,
1,
1,
1.
1,
1,
1906
1910
1940
1942
1942
1945
1949
<6
tfi
Lease,
jBonds— Princi-
INTEREST OR DIVIDENDS.
Amount
per When wnere Jfayabie, and by
Outstanding Rate
Cent.
Payable
Whom.
Road. Bonds Value.
For explanation of column headings, &o., see notes
on first page
Miles
11^
g.
5.
7 in 1902
412
g.
Q.^I. N. Y., Winslow, L. & Co.
do
do
Q.-J.
Various
do
do
Various
do
do
A. & 0.
do
do
&
P. &
J. &
A. &
J. &
J. &
J. &
J. &
J. &
J. &
A. &
F. &
P. &
M. &
J.
J.
A. Pittsburg, Co.'s Office. Feb. 2, '03, 5%
do
Jan. 1, 1928
do
J.
0. N. Y., Security & Tr. Co. Jan. 1, 1928
D. N.Y.,Bowl.GreenTr.C'>. Dec. 1, 1952
J. N.Y., Bowl.Green Tr.Co
J. N. Y., Union Trust Co.
do
do
J.
do
do
J.
J. Pittsb'g, Fidelity Tr.Co.
0. PhUa., Broad St. Stat'n
A.
A.
N.
&
A.
Apr. 7, '03, 1\
Apr. 7, '03, 1%
JvQy 1, 1912
July 1, 1912
July 1, 1912
Com.Titl.&Tr.Co Phil. Jan. 1, 1931
do
1,
1926
July
July
July
Oct.
1,
1,
1,
1,
3%
1932
1934
1918
1920
Feb. 1, 1949
Feb. 1. 1952
Nov.l,'02, 3ifl
Apr. 1, 1925
Central Trust Co.
Philadelphia Office.
0.
July
Jan., 1903,
do
<fe Pitts
A consolidation in Nov., 1902, of the
Railioay, the Salem Ry. iV. 72, p. 937) and the Shenango
<Se
Beaver Valley Ry. of Penn. V. 75, p. 794. Stooh, all outstanding
$5,000,000, all common. The 4s of 1902 are limited to $40,000 per mile
of single main track road now owned or hereafter acquired, including
provision fur underlying bonds, *162,000 bonds being re^erved to
retire the $1.50.000 fives of 1896. See V. 76, p. 383. Year ending June
30, 1902, (32 miles) gro.ss, $83,163; net. $19,686: charges, $14,093;
bal., sur., $5,593.
President, N. B. Billingsley, Lisbon, 0.-(V. 75, p.
794, 907, 1032; V. 76. p. 49, 383.)
with the Buff. Rooh.
P.
L & W.
Pittsburg McKeesport
&
Vougliioglieny
RR.— Owns
from
Pa., 57 m.; McKeesport to Fayette C^ty, Pa., 31 m.;
branches. 13 m.; leases 2m.; total, 103 m., of which 31 m. double track.
Lease.- Leased to Pittsburg & Lake Erie RR. for 999 years. Rental
is 6 per cent on the stock, principal and interest of the Pittsburg McK.
Pitts, to N.
Haven,
& Yough. bonds being guaranteed by Pittsburg Lake Erie and Lake
Shore & Michigan Southern companies, the guaranties being endorsed on
<fc
the share certificates and bonds. The guaranty of the stock is on the
express condition that the holder shall accept par for the same on July
See wording of guaranty in V. 56, p. 774. Stock authorized,
1, 1934.
$4,000,000 first mtge. bonds authorized, $2,250,000 2d mtge. bonds
authorized, $1,750,000.
Profit to lessee in 1901 $2,454, of which
one-half was payable to the Lake Shore & Michigan Southern.
Pittsburg Nlles
TFestern Ry.— V. 75, p. 907.
;
;
&
Pittsburg Ohio Valley
aire, O., to
Cincinnati
Ac
RR.— Owns
road Bell-
Powhatan, O., 15 miles. Operated for cost by Pennsylvania
Company in connection with Cleveland
Pittsburg since Dec. 1, 1892.
Stock, authorized, $1,500,000; outstanding, $200,050; par, $50. Trustee of mortgage (for $1,500,000), Fidelity Ins., etc.. Co. of Phila. Year
ending Deo. 31, 1902, gross, $22,766; net, $4,785.
Pittsburg Palnesville
Falrport
Owns Fairport, O.
to Youngstown, etc., O., 53 miles. In July, 1902, the Baltimore A Ohio
RR. pledged the $800,000 common stock and $235,050 of the $250,000 preferred stock and all the Ist mortgage and terminal bonds as
part security for its own Pittsburg Lake Erie & West Virginia Svstem
48. V. 72, p. 1188. For 7 months ending Jan. 31, gross, $260,542 In
1901-2. against $296,285 in 1900-1.
For year ending June 30, 1901, gross, $475,277; net, $119,746; int.
and taxes, $86,552; balance, surplus, $33,194. In 1899-00, gross,
$460,713; net, $122,209.- (V. 71, p. 182, 343; V. 72, p. 1188.)
Pittsburg Sliawmut Sc Nortliern
Road— Projected as
a short route from the bituminous coal fields in Elk and Jefferson
counties. Pa., northerly to Macedon (on the N. Y. Central & Hudson
River RR.), including branches, 350 miles. Of first division, Wayland
to Shawmut, Pa., [228 miles], 168 mUes is In operation, viz.:
Oioned—
Miles.
Leased— (Concf.)
MilesHydes to Clermont, Pa
46 Homells. Jet. to HorneUsvUle
10
Mt. Jewettto Corryvllle, Pa
Trackage—
.... 23
Glean to Bolivar
18 Ilydes to Shawmut, Pa
6
Angelica to Wayland
36 Brockport to Brockwayvllle. Pa ... 4
&
<&
RR.—
RR.—
.
Paines Jet. to Cardiff. Pa
LtasedCroTlaud toHalton. Pa
Vi
Corryvllle. Pa., to Larabee
2
Total operated
undertaken in 1903 Include:
13
168
The extensions proposed to be
Clermontto Kasson. Pa.. 7'4mile3, both under construction, and Corryvllle,
Pa., to Olean Jot., N. Y., 14 m., and Bolivar, N. Y., to Angelica, 23 m.
Organization.—A consolidation in 1899 of the Central New York &
Western, Buffalo
Owing
St.
to failure in
Mary's & Southwestern RR.. etc.
1901 of Marquand <te Company,
was
who purchased
necessary.
Under plan, V. 74,
p. 327 (only $112,000 of old $6,000,000 5 per cent bonds not havtn<
assented in Oct., 1902,) the 5 per cent bonds received In exchange 4 per cent bonds of a $15,000,000 issue, as follows: 10 per
cent on which interest began to run Feb. 1, 1902, and 100 per cent on
which interest will accrue from Aug. 1, 1903. The Kersey RR.,12
miles, formerly leased, and about 150,000 additional acres of coal lands
and mineral rights were placed under the new mortgage. V. 74, p.
327, and Circular, p. 57s. The non-assenting bonds have received
Interest to Aug., 1902. The old Ists exchanged for the new bonds have
not been canceled. V. 75, p. 291. Car trusts Oct.. 1902. $379,283.
stock.— All com., auth., $15,000,000; issued, $6,000,000; par $100.
Latest Eabninos.- For 6 mos. ending Dec. 31.
Gross.
6 mos.
Net.
Oih. inc.
Oharg*s. Bal., sur.
the bonds, reorganization
1902
1901
$354,956 $148,025 $128,728 $180,129
96,624
292,274
136,084 def.4,305
158.929 def.27,150
Earninqs.- On the completed portion, earnings for the year ending
June 30, 1902, were: Gross. $595,141; net. $246,601 other Income,
;
$8,261; Interest, taxes, etc., $318,862; bal., def., $ '4,000.
Officers.— President, Jonn Byrne; 45 Wall St.— (V. 75, p. 30, 291.)
Shenango dc Lake Erie.— Sbb Pitts. BESSKsitR&L. Erie.
Pittsburg Terminal RR. dc Coal CO.— V. 75, p. 1355, 1400.
Pittsburg Virginia ^k Cliarleston Ry .— South Pittsburg, Pa.,
to BrownsviUe. <fec.. Pa.. 82 miles. Oper. by Penn. RR.. which owned
Pitts.
Jan. 1, 1903, $3,382,050 stock, and all the bonds, and pays net earnings as rental, the bonds being pledged under "coll. trust of 1883
Dividends.— ) '92. '93. '94. '95 '96. '97. '98. '99. 1900. 1901. 1902
Per cent...
7
7
7
Earnings.- Year end .Dec. 31, 1902, gross. $3,650,290; net, $1,128 •
841; other income, $6,614; fixed charges, $871,837; dividends (7 p. 0.).'
'
$55355556
118
INVBSTOBS' SUPPLEMENT.
LXXVI.
[Vol.
Bonds— i'ltnoiINTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Do*.
Amount
of
of
Par
Rate
column
headings,
see
notes
per
When
Ac,
Where Payable, and by Stocfcg—Last
For explanation of
Road. Bonds Value. Outstanding Cent.
Payable
WTiom.
on first page of tables.
Dividend.
RAILROADS.
<6 Ashtab.—Com. stock, $2,000,000
Preferred stock. $2,000,000
Ashta. & Pittsb. Ist M., Y'ngst'n to Asht.C*&FPr.
Consol. M. (for $4,000,000) s. f. 1 p.c, not dr.F ."'
Plymouth <t Middleboro, Ist M.,lnt. gu.by Old Col.o*
Pontiac Oxford <t North.— le.t M.,g.,$400,000.]Me.o*
Portland d Rochestei See Boston & Maine RR.
Portland <t Rumford Falls. Stock
Consol., now Ist, mort., $1,000,000, gold..OB.c*
c
Plain bonds, sinking fund, gold, $350,000
Portland Union Ry. iS<a.— 1st M., ser. "A&B,"gu.8.f
125
125
62
125
15
100
Fortieeadmo.— 1st M.,g.,gn. by old P.&R.PeP.c*<tr
Po/owacFo/iey— lstM.$2,000,000, a:,guMeBa c*<fer
Potosi <t Rio Verde— 1st M., $15,000 p. ni.,8.f.Mo.c*
c'
Providence <e Springfield Ist M. gold
Promdfnce <t Tforces^er—Stock (10 per cent rental)
1st M. (refund's), cur.. $1,500,000. V.63,p. 1064.0*
21
31
Pittsb. Youngst.
—
—
$50
50
1878
1887
1892
1896
1.000
1.000
i",6'oo
100
1896
1.000
1897 500 &c.
64
1887-9
1891
1891
1898
1892
40
—
28
51
51
15
60
Qnakertoxcn <£ Easterti— Ist mort., gold GuP..c*
Queen Anne's Jifi.— 1st mort., $12,000 per mile...
Prior lien M., red. at 103 to 1906, then par
Consol. mort., $1,400,000 (4 p. o. for 3 years)
Income mort., $600,000
Quincy RR. Bridge Co.—Stock, 10 per cent rental.
Railroad SecrcHiie$ -Stoci., com., $10,000,000
Prel. stock. 4 per cent cum., $10,000,000
ni. Cent. stk. int. certs, cum., g..ser. A.red lOSUs
Ga-ston—See Seabo ARD A
Raleig/i <C Augusta— Raleigh
Jtaleig^ rf Cape Fear— 1st M., $310,000, go;d.K..c*
"20
RariianRiver RR. -Ist mortgage, gold
o
Reading rf Oolumbia—lst mort. (ext. in 1882).. .o*
40
c
40
2d mortgage, coupon (extended in 1884)
Debentures
c
'7"4
Read'g Belt— l»tM.g..$750,000, gu.p.&l.end.GP.o*
<t.
1,000
1.000
1,000
1,000
1,000
100
1897
1897
1895
1901
1901
1901
1,000
500
1,000
1902
1.000
IK Lin E Rt.
1903
1.000
1889
1,000
1862 100 &c.
1864
1,000
1877
1,000
1900
1,000
& Western
Allegheny, Pa., to
New
:
—
&
Pittsburg ITonngstoiv^n
Ashtabula
RR.—Owns Kenwood>
Pa., to Ashtabula Harbor, O., 99 miles; Niles to Alliance Junotion, 0.»
S5 miles; Canfield Br.onch, 1 mile ; trackage, 3 miles. Total, 128 miles.
Organization.—Leased August 1, 1887, to Pennsylvania Oomftany, wnioh Jan. 1, 1902, owned $375,000 common and $1,550,000 preerred stock; rental net earnings. Lease terminable at cither's optton
Dividends. ) 1890. 1891. 1892-95. '96. '97 to 1900 '01. '02. 1903.
Common, n.c. 5 2^2
3
6 yearly. 6h 6 yearly
6"*
7 Mar 313
On preferred, 1888 to Mar., 1903, 7 per cent yearly (M. & 8.)
Bonds.—Bonds of 1887 are reserved to retire 6s.
Earnings.- In year 1902 gross, $2,713,130; net. $912,326; oth«r
Income. $20,082; int.. Improvements, etc., $861,163; dividends, $212,,
044
;
$140,799.— (V.73,
bal., def.,
Pontiac Oxford
p. 616.)
& Northern RR.— Operates road from Pontiac
In year 1902. gross, $197,897
Mich., to Caseville, Mich.. 100 miles.
net, $68,474; interest. $24,000; dividends, $50,000; Stock. $1,000,000.
Dividends: In 1890, 1 p. c; 1891,3; 1892, 4; 1893. 6; '94, 4; '95, 3 "a;
1900, 4; 1901, (?) 1902, 5. President, Hugh Porter, N. Y.
;
Port Jervls iTIontlcello
N
&
Sammltville
RR.— Owns
Port
Y., 24 miles, and Huguenot to SumraitJervis, N. Y., to Monticello,
Successor to the Port Jervis Monticello
ville, 18 miles.
New York
RR., forecl 'Sfd Dec. 2, 1902. V. 75, p. 1254, 1303. Stock, $110,000.
West. Ry., to which road is to be leased
is owned by N Y. Out.
BoQds, $327,000. In year ending June 30, 1902 (old cc), gross, $63,241; def. under op. exp., $2,113.— (V. 75, p. 1254, 1303.)
Portland Rninford Falls Ry.— Owns Rumford Jet. to Rumford Falls, 54 miles branch to Otis Falls, 10 m.; trackage (Me. Cent.)
Rumford to Lewlston, 4 m.; total operated 68 miles. Controls Rum4ord Falls & Rangely Lakes RR., 41 nules of track.—V. 69, p. 954.
&
&
,
&
;
5544646
Dividends- > 1896 1897 1898 1899 1900 1901
1902
1903
Percent.
6 Mar.,H2
Annual Repor'e —Report for 1900-1 was in V. 73, p. 1 008,
Tear
Gross.
Net.
Int., tax., etc.
Dividends. Bal., sur.
1901-02
$556,686 $246,513
$80,656 (6) $90,000
$78,856
1900-01
461,493
175,196
76,147 (5)
65,000
34,049
-(V. 72, p. 1188; V. 73, p. 1008; V. 75, p. 612.)
—
Portland IJulon Rallivay Station.—Stock,
guaranteed Jointly by Boston
$50,000.
& Maine and Maine Central.
RR.—
BondB
Owns 21'21 m. of road, completed in Sept.,
Port Reading
1892, from Bound Brook, N. J., to Staten Island Sound; sidings and
27-79
m.; total, 49 00 m. Capital stock authorized $2,000,000—
laterals,
par $100, all owned by Reading Company. $1,555,000 being deposited
under Its general mortgage of 1897 and $440,000 under Jersey Central
collateral mortgage.— (V. 55, p. 544. 639. 680.)
Port Royal &. Augusta RR.—V. 74, p. 479; V. 75, p. 499.
Opened in Sept, 1892, Potomac Valley
Potomac Valley
June, Md., to Cherry Run, W. Va., on the B. & O., 14 miles, and
from Porters, Pa., to York, Pa., 17 miles; total, 31 miles. Capital
fltock, $500,000 ($50 shares). Leased to Western Maryland, the bonds
of 1941 having principal and interest guaranteed, jointly and severally, by the Western Maryland RR, Co. and the Baltimore & Harrisburg
Ry. Co., and being so endorsed. The bonds have a sinking fund of 7-10
of one per cent. Earnings for year ending Sept. 30,1901: Gross, $395,263; net,$233.925.-(V. 66, p. 130.)
Rio Verde Ry.— Owns a narrow-gauge road from City
PotonI
of San lyuis Potosi, Mexico, to Hacienda Alvarez. 40 miles. Has concessions for 99 years, expiring Nov. 4, 1985, when railroad becomes
the property of the Mexican Government. Company is exempt from
taxes and import duties for 15 years. Bonds are subject to call at 110
and interest on any interest day. Pres., Robert 8. Towne; Sec, C.J.
Nourse Jr., 27 William Street, New York.
Springfield
Providence, R. I., to Douglas,
Providence
Mass., on the New England main line, 28 miles. Stock Is $517,450 (par,
$100). mostly owned by the N. Y. New H. & Hart. V. 61, p. 1014. Road
leased (tenus modified in July, 1896,) to New England RR. till July
1, 1989, at 4 per cent on stock. See V. 63, p. 30, and New England
RR.—
&
&
RR.—
M.
M.
F.
M.
J.
J.
&
&
&
&
&
&
&Tr.Co. Mar. 25 '03, 3 1«
Mar.25'03,3>s
A.
Aug. 1, 1908
N.
Nov. 1, 1927
Boston.
J.
Jan. 1, 1912
J.N. Y.Merc 'le Trust Co. July 1, 1916
8.
S.
N.Y..Farm.
L.
A Tr. Co.
Phila., Fidelity Tr. Co.
N. Y., Farm. L. & Tr. Co.
N. Y., Far. L.
Portland, Me.
2,000,000 6 in 1902 Q.-M.
992,000
M. & N. Boston, Old Colony Tr.
350,000
g- F. & A. Boston and Portland.
300,000
4
J. & J. Portl'd. Me. & Boston.
Philadelphia.
1,500,000
5 g- J. & J.
1,300,000
5 g- J. & J. Baltimore, Hillen St'n.
400,000
6 g- A. & O. N. Y., Co.'s of., 27 Wm.
750,000
5 g- J. & J. Prov., R. I Hospital Tr
Providence, Oflice.
10
Q.-M.
3,500,000
4
A. & O. Prov., R.I. Hosp. Tr. Co.
1,500,000
Quakertown, Pa.
5 g- J. & J.
180,000
5
J. & D.
(?)
Baltimore.
330,000
5
M. & S.
4 to 5
it)
Mar.l5,'03,li«
Nov.
Aug.
1926
1927
2,
1,
Jly'27,Jan.'29
Jan. 1, 1941
Jan. 1, 1941
Oct.
July
1918
1922
1,
1.
Mar.31,'03,2i«
Oct.
1947
1927
1,
1.
Jan.
1945
Moh. 1, 1951
4
(?)
100
100
100
ttW-.—fSeeilapofBalt. <£ Ohio.)—^o\n—
Castle, Pa., 60 miles; standard-gauge
branches to Foxburg, 53 miles; 3-ft. gauge lines to Jewett. etc., 108
miles; total owned, 221 m. Leases and controls Pitts. Cleve. & Toledo,
77 m.; Pitts. PainesvlDe <fe Fairport, 53 m. TrumbuU & Mahoning, 11
m.; total system, 362 miles.
Status.— Rond sold on Oct. 9, 1901, under the 2d mortgage and reorganized as P. & W. RR., B. & O. pledging as part security for its own
Pittsburg Lake Erie & West Virginia system 4s the entire $13,500,OOO of new stock. $5,982,000 of the $9,700,000 first mortgage 4s of
1887, $81,000 old 6s (all), $136,000 of the $219,000 Wttsburg New
Castle & Lake Erie 4s due 1917 and $3,500,000 new mortgage bonds
of Pittsburg & Western RR.— V. 73, p. 445, 7S5.
Earnings.— 7 mos.,
Gross,$2,624,299; net, $916,141
51901-2
Julyl to Jan. 31.
Gross, 2,303,641; net, 785,638
H90O-1
Repoht.— For 1900-01 (V. 73, p. 1109), including leased lines:
Balance.
Gross.
Net.
Other inc. Int. <ita.xes.
lo June 30
1900 01
$4,080,687 $1,534,029 $3,000 $1,078,729 sur.$348,300
1899-00
3,835,034 1.337,861 3.726
1,076,652 sur. 264,935
-{V. 73, p. 33, 445, 785, 1011, 1109; V. 74, p. 268.)
Pittsburg
Owns
$1,333,342 7 in 1902
1,700,000 7 in 190;^
1,500.000
6
1,562,000
5
225,000
5
400,000
6g.
10
1.750,000
J.
4,-50,000
2,575.000 4 in 1902 A.
8,000,000
4g. J.
5g. M.
See text.
382,000
650,000
350,000
1,000,000
750,000
J.
<te
i«- M.
5
6
4
RR. report V. 63,
New England
J.
J.
g.
M.
p. 698.
&
&
&
&
&
&
&
&
Boston.
J.
O.
J.N.
8.
J.
¥., office,
1, '03,
Apr.
1, '03,
1, 1952
2%
120 B'way. Jan.
New York.
Holland
6%
Jan.
1, 1943
1, 193i>
Mch. 1, 1912
June 1, 1904
Dec. 1, 1917
Sept. 1. 1950
Mar.
Tr. Co., N. Y.
8.'Phila.,Phil.&Read. RR.
do
do
D.
do
D.
do
8 Phila., Read. Ter. Bldg.
Jan.
The bonds were guaranteed by the N. Y. &
(since foreclosed).— (V. 63, p. 30.)
&
RR.—
Owns from Providence. R. I., to
Providence Worcester
Worcester, Mass.. 44 miles, of which 5 miles are owned jointly «vith
Boston
Providence; branches, 7 miles; total owned, 51 mUes;
From July 1, 1892, leased for 99 years at 10 per cent per annnm on the
stock to the N. Y. N. H. & Hartford.— (V. 63, p. 1064.)
&
RR.—
Quakertown
Quakertown to Riegelsville,
6c Eastern
Stock, $180,000, all outstanding; par of shares, $50.
Year ending June 30. 1902, gross, $25,198; net, $6,785; charges, $11,970.
President. John Jameson; Sec, Henry S. Funk; Treas .James
H. Shelly; Gen. Mgr., A. F. Baker. Otfice, Quakertown, Pa,
Quebec Bridge Co.—See V. 70, p. 946; V. 71, 603.
Quebec Central Ry.—V. 73, p. 663; V. 75, p 30; V. 76, p. 594.
Ry.—V. 72, p. p. 989; V. 73, p. 1208.
Quebec Lake St.
Quebec Southern Ry.— Owns Sorel, Province of Quebec, to
No van, 89 miles; St. Lambert to St. Francois, with branch, 55 miles,
(former South Shore Ry.); total, 144 miles.
Extension east, 85 miles was proposed In 1902, making short line
between Montreal and Quebec. See V. 74, p. 95.
consolidation was
also voted Jan 14. 1902, with the South Shore Ry. V. 74, p. 152. Stock
to be increased to $4,000,000, all common.
In 1903 negotiations for a settlement and possibly a sale of the road were pending.
V. 75, p. 240, 550. 612. 1032. 1255. President, H. A. Hodge, Montreal, Can. -V. 75, p. 612, 1032, 1254.
Queenstown, Md. to Lewes, Del., and
Queen Anne's
Rehoboth Beach on Atlantic Ocean, 60 miles. Pennsylvania tracks
used between Lewes and Rehoboth, 6 miles; branch, Queenstown to
Centerville, 6 miles; branch, Queenstown to Love Point, 12 m, completed Apr., 1902: total, 84 miles. AU financial information refused
In 1902 obtained authority to increase the stock (recently $720,000)
to $3,000,000. consolidate by lease or otherwise with connecting railroads, ami issue $30,00'! bonds per mQe on its entire line; also to extend from a point east of Denton southerly via Federalsburg, Salisbury
and Snow Hill to the Virginia State line and thence to Cape Charles,
Va. V. 74, p. 206, 728.
The consols bear interest at 4 per cent for three years and 5 per cent
thereafter, of which $732,000 to retire the old 5s, balance to retire
prior lien bonds and for improvements. V 72, p. 283. Year ending
June 30,1902. ctoss. $161,709; net, $19,434; total deductions, $33,496; bal.. def., $14,062; 190001, def $10,784. Pres.. William H. Bosley, Baltimore; Sec, A. H. Taylor.- (V. 70, p. 532; V. 72, p. 283; V. 74,
p. 206, 728.)
Qalncy Carrollton St. Louis Ry.—See Supp. of Jan., 1903,
In 1902 sold to C.B. &Q.
Kansas City
Qatncy
Bridge Co.— Owns bridge 1-43 miles long over the
Quincy
Mississippi River at Quinoy, 111. Leased Jan. 1, 1869, during life of
charter, probably 100 years, to C. B. & Q. RR. at annual rental of
$175,000, which pavs 10 p. c. on stock; on Jan. 1, 1903, 1 p. c extra
(Juinoy had
was paid. V. 75. p. U5S. In Jan , 1903, the Chic Burl.
purchasedover 55 per cent of the $1,750,000 stock at $200 per share
in its Illiaois Division 3^ per cent bonds.— (V. 75, p. 1032, 1355.)
Railroad Securities Co.— Organized by interests identified with
the Illinois Central to acquire and hold securities of railroads. Stock,
common, $10,000,000; pref., 4 per cent cum., $10,000,000; outstanding, common, $4,750,000; pref., $2,575,000. The $8,000,000 present
issue 01 the int. certificates ($20,000,000 authorized) are secured by a
like amount of Illinois Central stock. Interest at a 4 per cent cumulative rate being payable if received from dividends on the shares
pledged, the stock itself being deliverable to the holders of the certificates at maturity unless the option to call at 105 is meantime exO.)
ercised. V. 74. p. 937, 1039. Dividends In 1902, 4 p o. (paid A.
(V. 74, p. 428, 937, 989, 1039.)
on pref; in 1903, April, 2 p.
Pa., 15 miles.
&
John
A
RR.—
.
&
RR.—
Omaha &
RR.
&
&
c—
Raleigh & Augusta Air Line BB. 0^0 seaboard
Heaooara Air Line Rv
Ky.
Baleigh & Gaston BB.
Balelgh & Cape Fear BR.— Operates from Raleigh, N. C, to
^
5
Slppehaw, 20 miles, including 2 miles of trackage; extension under
les, and further ext«nconstruction from 81pp"haw to Lilllngton, 15
tlon proposed to Fayetteville, 28 miles total to be 6J miles. Incorporated in 1 898; road opened Jan., i899. Stock authorized, $10,000
per mile. Bonds (see table above) are limited t'>$i, 000 per mile. V.
76, p 752. For 6 months ending Dec 31, 1902, Kross, *16,=>10 net,
$8,960. Year ending June 30, 190', gros.s, $25,140, against $27,239
in 1900-01; net, $12,050. against $i 2.935. President. John A. Mills;
Sec. and Treas., F. T. Ricks. Ofiioe, Raleigh, N. C.-(V. 76, p. 752.)
Rarltan River Railroad.- South Amboy to New Brunswick, N.
Stock authorized,
J., 13 miles; branches, 7 miles; total, 20 miles.
$1,000,000; issued, $382,000; par, $100. Loans payable Deo. 31, 1901,
$25,124. Year ending Deo. 31. 1901, gross. $87,207; net, $37,795;
Int., taxes, etc., $22,381; surplus, $15,414.- (V. 68, p. 573.)
Belt railroad, 7*4 miles In length, aronnd
Reading Belt
Reading, Pa., opened May, 1902. V. 71, p. 751. Stock. $760,000,
all owned by Reading Company. Road leased to Phila. & Reading Ry.
lor 999 years from July 1, 1902, at 4 per cent on the stock. Interest on
bonds, and taxes.- (V. 71,p. 751; V.74, p. 1090.)
Owns from Columbia to Sinking
Columbia
Beading
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Junotion to
m
;
;
BB.—
&
BB.—
April,
KAILROAD STOCKS AND BONDS.
1903. J
KA1LKOAD8.
—
.
For explanation of column headings,
on first page of tables.
I
;
„„„„
MUeB Date
of
of
&c., see notes'
INTEREST OR DIVIDENDS.
Size, or
Par
Road. Bonds Value.
119
per When Where Payable, and by
Outstanding Rate
Cent.
Payable
Whom.
—
$50 $70,000,000 All stock in vot'g
Company Common stock....
50
28,000,000 3 in 1902 M. & S.
1st pref. stock, 4 per cent, nou-oum
50
42,000,000
2d pref. stock, 4 per cent, non cum
4g. J. & J.
Gen. M.,$135,000,000,g., s.f.not 8ub.call.Ce.c*&r. Text. 1897 lOOO&c. 64,526,000
1901
1,000
23,000,000
g,red lOSaft. 'OG.PePc'&r
4 g. A. & O.
Jer8.Oent.col.tr.
1900
1,29 =•,000
1,000
4g. Q.-M.
Wllm. & North'n stk tr. ctfs.. g., red. at 105.
1899
2.340,000
4 g. J. & J.
Car trusts, $3,600,000, $252,000 8 a. beg. 1901..
4l2g. M. & 8.1901
1,000
2,600,000
Car. & mar. trusts, $200,000, 8. a., beg. 1902.
1,000
N.
1,131.000
Equipment tru,~t, ser. O, gold, $87,000 s. a
4>ag M.
bonds CTNDEK LTINO Gen. MORT. OP 1897.
Ul«t PItila. &. Head.
1892
1,000
500,000
5 g. M. & N.
Delaware River Terminal Pur. Money M., gold.c*
1892
1.000
809,000
5 g. J. & J.
Delaware River Term. Ext. Pur. Mon. M., gold.c*
1,428,191
tBonds and mortgages on real estate
6
J. & J.
94 1843 $"&'"i
1,512,700
tlst M., ext. In *60, PhlladeipMa to Pottsv. $&ii.c
c
94 1844-9 1,000
6
J. & J.
954,000
IMortgageloansof 1844, 1848 and 1849
c
1857 500 &c
79,000
4^ J. & J.
tMortgage loan of 1857 convertible
i48 1868
1,000
2,696,000
5g. A. & O.
tMortgage loan of 1868, gold, extended in 1893.
254 1871 200 &c. 18,811,000 6 g.
J. & D.
tC!onsol. mortgage ($8,162,000 are gold 68).FP.c
9,363,000
4 g. A. & O.
tImpr'tM.,g.,ext in'97.PeP See V. 65, p. 870, g. 325 1873
M. & S.
SOO&'o
5,766,717
IConsol. M.of 1882, g., 58, ext. '97 (V. 65, p.278)o« 327 1882
c*Ar
1891
8.500,000
5 g.
Q.— F.
1,000
tTerminal mort, gold. See V. 64, p. 85
1894-8
2,720.000 1I3&312
Philadelphia Citv Subway Loan, guar. $3 ,000.000
72-'92 500 &o
222,500 5,6&7 Various
IP. dcR.Ooal&l.morts. See list V. 64, p. 619
1.000
1894
3,600,000
6g. Q.-J.
Coal trust oertiti ates, gold. See V. 65, p. 278
'02
i., ext. In
l.OOO
1892
1,410,000
4g. F. & A.
tCol. 8 f. gold loan (RR.) gu. p
100
J. <te J.
10,000,000
8
Rensselaer dt Sara. 8took,8p.o.gu.Del.&Hud.(end.) 192
M. & N.
o*<fei
7
79 1871
1,000
2,000.000
1st mortgage, consolidated. Int. rental
100
1.316,900 8 In 1902 J. & J.
Richmond Fredericiab. <t Potomac Common stock
100
1,072,000 8 in 1902 J. & J.
Dividend obligations (same div. as com. stock)..
M. & N.
100
500,400
7
Stock, guar. 7 p. c, except $19,300 guar. 6 p. o.
4ifig A. & O
500.000
82 1890
1.000
Consol. mortgage tor $2,000,000, gold.Ce...o**r
Iron Co
Note.— General mortgage of 1897 requires th at the Readi ng Co. and Reading Coal
Reotding
M
GP
1, 1997
Apr. 1, 1951
Phila.. Girard Trust Co. When drawn.
Drexel
& Co., Phlla.,Pa
J'ly'03-J']y'07
Phlla.,
Read. Ter.
8ep.'O3-Sep'0d
Nv. '03-Nv. '09
do
Phila.. Prov. Life
,
gross, $300,740; net, $104,618; charges. $119,696.
Reading Company'— Plilladelpbla
Sc
Reading
Ttj.—fSee
Ifop.;—The Philadelphia <fe Reading Ry. operates in connection with the
great anthracite coal properties of the Philadelphia & Reading Coal &
Iron Co. in the Schuylkill region, Penns.vlvania, a system of
roads centering at Philadelphia, extending to Hazleton and Williams
portonthenorth.andwesterly to Harn8burg,Shippen8biirg and Gettysburg in PenD.'«ylvaula and Wilmington, Del., on the south; also easterly in New Jersey to Atlantic City and Cape May. on the Atlantic
Ocean, and to tidewater at Port Reading on New York harbor, viz.:
Leased lines (Con.)
Miles.
Miles,
Lines owned in fee.
Phlla. Har. & Pitts. RR
1147-2
PhU. to Mt. Carbon, etc. &
12519 WUmington & Noith. RR.. U 88-4
branches
59-44 PhUa. & Reading Term. RR.
13
Lebanon Valley branch
Lebanon <fe Tremont bianch 65-28
Tot. leased (2dtrack 243-4). 637-7
Mahanoy & Shamolsln bra'h 60-47
Entire stock owned
Schuvlkill & Supq. branch.. 53-37
5-3
1*86 Chester <fe Delaware RR
West Reading branch
1-6
Rupert (feBloomsburg
6-3
Total (2 tracks 182 m).. 365-61 Middlet'n & Hummelst'n RR.
Tamaqua Hazleton &, N. RR. 9-9
Lines Icastd (See each Co.)
12-8
Oou trolled
Oolebrookdale RR
11-2 Reading & Columbia RR
1139-6
Pickering Valley RR
1135-4
Lebanon & other branches 13-8
East Pennsylvania RR
114-5 Read. Marietta & Han. RR.
Allentown RR
64
1125-7
Little Schuylkill Nav. &RR. 1131-5 North East Penn. RR.
Mine Hill & Schuy. Haven.. 1142-0 Phila. & Chester Valley RR 1121-5
Mt. Carbon & Pt. Carbon RR. U 25 AtlantioCityRR.&branches1I167-4
Catasauqua (kFogelsv. RR.. 29-5
Mill Creek & Mine H. RR
IT 38
Schuylkill Valley Nav.&RR. Ull'O Gettysburg & Harrisb Ry... 11341
1110-9 Perkiomen RR
1138-3
East Mahanoy RR
Shamokin Sunbury & L. RR.1F31-3 Phil. Newtown & N. Y. RR.. 1121-7
Nor.
RR..
. ir29-6
Port Reading RR
Phlla. German, .fe
1119-7
Chestnut Hill hR
101
U 40 Stony Creek RR
Phil.
Catawlssa RR
&
Franklord
111030
RR
U 2-6
0-4
Norristown June. RR
this
company.)
(U See
1[86-2
North Pennsylvania RR
Delaware & Bound B. RR... 11338
1146-9
Total controlled
SchaylkUl & Lehigh RR
4535
Total system July, 19u2 (2d track, 474 miles)
1,457
Central RR. of New Jersey (op. independently. See that co.)
677
(^ See this company.) From the company's docks at the extensive
terminal at Port Rii-hmoiid it operates a line of steamers aud barges
In coastwise coal traffic and provides berths with elevators and ample
accommodations for several trans- Atlantic steamship lines. In Jan.,
1901, control of the Central RR. of New Jersey was acquired. V. 72,
—
—
—
I
|
p. 86, 340. 392, 676; V. 73, p. 847.
Stock Ownership. The Baltimore & Ohio and the Lake Shore &
Michigan Southern are jointly in virtual control, having acquired in
1902-03 over $60,010,000 of the $140,000,0lj0 stock, consisting largely
V. 76. p. 102.
classes of stock of the new company are to
be held by voting trustees (J. Piernont Morgan, Frederic P. Olcott and
C. S. W. Packard) for five years, and thereafter until 4 p. c. cash dividend per annum shall be paid on the first preferred stock for two consecutive years, though the trustees may in their discretion surrender
the stock at an earlier date. The company may, after dividends of 4%
have been paid on the first preferred for two consecutive years,
convert the second preferred stock into one-half first preferred and
one-half common stock. As to rights, see V. 64, p. 709. Voting
trust. V. 64, p. 95 5, and Sup. of AprU, 1897, page 5.
i-t
ck.
Voting Trust, Etc.— All
Organization.— The Philadelphia & Reading RR. (chartered April
4, 1833) and the P. <fe R. Coal & Iron Co. were sold in foreclosure Sept.
23,'96, and reorganized per plan in V. 61, p. 1109. See V. 64, p. 709.
In the reorganization the 41 millions of old stock and the 56%
mUllons of old preference Income bonds were assessed 20 per cent,
the stock then receiving 100 per cent in new common and the preference incomes, common and preferred stock in certain proportions.
The "ReaiUng Company" fia the reorgamzatlon acquired the seonrlty holdings, real estate, equipment, etc. , of the old Phlla. & Reading
RK.C0.; also the $20,000,000 stock and $20,000,000 bonds of the Phlla.
A Reading /Jv and the $8,000,000 stock of the Coal& Iron Co., and
against
its own securities.
See V. 64, p. 709.
The property of the "Reading Company" consists of the following:
Railway equip, leased to Ry. Co. for 8 p. o. yearly
$19,792,119
Real estate not appurt. to RR.(ann. revenue ab't $175,000). 16,962,576
Colliers and barges leased to Ry. Co. for $115,000 yearly...
2.107,650
Leased equipment
5,308,253
Phila. & Reading Ry. stock $20,000,000 and bonds, $20,000,000 par (annual Int. to Reading Co., $1,200,000)
40,000,000
Phlla. & Read. Coal <fe Iron stock at par
8,000,000
Miscellaneous securities at par (In 1896 yielded $765,000). 70,347.139
Morts. and ground rents at par (not under '96-'97 mort.).
262, 4i 5
Int. In Phila. <fe Read'K Coal & Ir. above securities owned.. 79,002,721
against
other
Claims
companies, etc
1.640,872
Total Joly 1,1902. (See V. 75, p. 801)
$243,422,946
all this
1,
1942
1942
July
July
,
1. 1941
1904-1921
1903 1904
Apr. 1, 1904
do
do
Phila., Read. Ter. Bldg. Feb.
N.Y., Del.
AH.Canal Co.
do
Phila.
1,
1,
do
and Richmond.
1.
1932
Jan., 1903,
May
Jan.,
1,
4%
1921
1903,4%
do
Jan., 1903,4%
do
May, 1903
N.Y., Phila. orRichm'd. Apr. 1, 1940
shall be responsible fo r aU old bonds
do
do
Ss.
Chlckles, 6 mUes; total operated, 60 miles. Stock, $958,373 (par, $50) of
which $788,200, together with $9,500 1st mtge., $35,000 2d mtge. and
$1,000,000 debentures, are owned by Reading Co., all except $3,200
Year 1900-01,
stock being deposited under its general mortgage.
of preferred
20,
& Tr. May
City Treasury.
Phila. Penn. Co. for Ins.
&
Only $16,000 are
May
July
1910
1910
do
do
July, 1910
do
do
Oct. 1, 1933
Phila., do & London. June 1, 1911
Phila., Read. Ter. Bldg. Apr. 1, 1947
do
do
Mch. 1, 1937
&
TI
do
Philadelphia & London.
Phila., Read. Ter. Bldg.
—
above.
Bldir,
Phila., Guar. Truat.
,
t
2%
Morgan&Co. Jan.
N. Y., J. P.
&7
marked
Dne.
Slocks— 'LSkSX
Dividend.
.
&
KR.
pal, When
trust for 5 vears or mo re.
N. Y., J P.Morgan & Co. Mar. 9, '03.
GPr
—
iso/wts— Pnnoi'
Amount
Sinking Fund.— Whenever, in any year, a dividend is paid on the
«took. an amount must be paid simultaneously to the trustee equal to
cents
per ton on all coal mined by the Coal & Iron Company during
5
the preceding year, it the aggregate of dividends so declared exceeds
that sum; otherwise such lesser sum as shall equal the dividends so declared. Under this provision $383,525 was set aside in Mar., 19(>0,
and $433,000 general mortgage 4s canceled, and in 1901 $366,371 was
paid and $391,000 bonds canceled; in Mar., 1902, $443,935 was set
aside and $143,000 bonds canceled. V. 73, p. 848.
Dividends.— On 1st preferred. 1900; 3 p. c; 1901, 4 p. c; in 1902,
Mar., 2 p. c; Oct., 1 p. c; in 1903, Mar., 2 p. c. V. 76, p. 332,
Bonds.-The General Mortgage 4s (abstract V. 64, p. 612)
are secured by mortgage andf pledge of all properties and securities embraced in the reorganization, and also all other propertyacquired thereafter by use ot the new bonds. They have above sinking
fund out of the revenues from the Coal & Iron Company, but are not
subject to compulsory redemption prior to maturity. The new mortgage l3 also, subject only to the bonds for which reservation is made,
based upon properties or securities of all the lines of railroad owned,
including the Philadelphia & Reading Railway Company proper,
365 miles; various leasehold lines, 635 miles; aU the property of th©
Coal & Iron Company, or the securities thereof, renresentlng nearly
200,000 acres of coal ana timber lana: equipment vafued at about $18,000,000, also marine equip. See application to list in V. b4, p. 709.
Furthermore, it has a first lien upon a majority of the capital
stock of various companies in the system owning 453 miles of rallroafl, and also on various bonds of system— List tn V. 64, p. 613.
Of the $135,000,000 fours of 1897 $51,457,500 were reserved to take
up Undisturbed bonds and $15,500,000 for future construction, equipment, etc., at not over $1,500,000 per annum.
Improvement mortgage 6 p. c. bonds of 1873 due Oct. 1, 1897, were
extended at4p. o. for 50 years from April 1, 1897, payable in U. 8.
gold aud guaranteed p. <& 1. by the Reading Co. V. 64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at 4
p. c. tUl Mar. 1, 1937, the Reading Co. and Coal <fe Iron Co. becoming
responsible. See V. 65, p. 870, for contract. V. 65. p. 152. 870.
Terminal mortgage l)onds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see January, 1895. Supplement.
The bonds were in 1902 extended to Feb. 1, 1932, at 4 per cent, principal and interest being guaranteed by the Reading Co., and sinking
fund reduced to $30,000 yearly. V. 72, p. 242; V. 74, p. 206.
The coal trust certificates under agreement of May, 1895, are not
redeemable until April, 1904— see V. 63, p. 838 and Jan., 1895, Supp.
The Philadelphia Subway Loan is payable after ten years from dat«
tn 20 annual instalments, to secui-e which $nciO,000, bearmg Interest,
has been deposited, and $100,oOO yearly is being set aside in monthly
iUKtalments. SeeV. 58,p. 1110; V. 62,p. 950; V, 63, p. 881; V.71,p.758.
The Jtrsey Central collateral trust bonds ($23,000,000 present issue)
are secured by deposit of $14,500,000 Cent. RR. of N J. (cost $23.200.000) of the *27,213,800 stock outstanding, $l,49i,000 Perkiomen
stock and $440,000 Port Reading RR stock, the remainder of the
$45,000,000 authorized being reserved to acquire the minority stock
of the Central Company. They are subject to call on April 1, 1906. or
any interest day thereafter, at 105 and interest, on 60 days' notioe.
See ubBtroCt of mortgage. V. 72. p. 487; V. 73. p. 847.
The >^iilm.ingion dt Northern stock trust otrtificates are secured by
deposit of «1.495.000 out of $1,500,000 W. & N. stock. V. 72, p 340.
Car trusts of 1899 see V. 69, p. 1346; V. 71, p. 759. The $3,200 ,00O
car trusts of 1901 cover 10 passenger and 38 freight locomotives,
1,000 steel coal and 500 gondola oars, 500 box cars. They are additionally cecured by $833,000 of the general mortgage 48, which may
be withdrawn as the car trusts are paid oflf. V. 72, p. 822.
Coal Properties.-These aggregate about 194,000 acres, as follows:
95,144 Timber lands owned (acres) 70,489
Coal lands owned (acres)
Coal lands leased (acres)
I
7,429
|
Iron ore lands (acres)
General Finances.—The refunding
on Jan.
8
1.
21,000
North Pennsylvania bonds
1903, saves the Reading Co $166,500 yearly. V.73,p.ll60.
of
Latest Earkiugs.—From July Ito Ftb. 28 (8 months) results wen:
mo8. to
P. <t R. Ry.
Coal & Iron.
Rtad.Oo. Aa Cos.
—
.
Charges
do
property Issues
all
,
.
.
OrosH
f/et.
Net.
$19,o8«,87a sur.,$l,3«1.866 t«l7.»23
7U.0f2
726,446
7,710,804 20,I6«,t20 sur., 1,
$7.]48.0i)f;
balance, sur..
Cos. 8 mos. 1902-3
do
1901-i
7.032,656;
balauce, biir..
Per. 28.
Gross.
iyu2-3... $19.7a.=i,863
ia01-«... 19,858,3o3
iVet
$6,6l6.-i71
total tut.
»8.8fl-,C60
10,215,3*2
$1,750,060
3,18^,086
Small earns, in 1902-3 were due to strike of anthracite coal miners.
Annual Report.— Report for 1901-2 was given
p.
790, 797.
See also editorial,
Tears Ending June 30.
at length in V.
75
p. 762.
1902.
1901.
1900.
Railway company— Receipts...$29,515,534 $28,344,168 $26,902,987
Expenses (inol. renewals, etc.) 18,769.998
18,566.351
17,253,429
Net earnings
$9,777,818
$10,745,536
$9,649,558
Coal & Iron Co.— Receipts
$26,519,530 $28,917,858 $27,884,643
26.283.203
Expenses
27,993,1 49
27,567,580
Net earnings
$236,327
$924,709
$317,063
Reading Co.—Net income
5,312,129
4,881,444
4,336,494
Net earnings aU Cos
$16,293,992 $15,583,971 $14,303,115
.
130
INVESTORS' SUPPLEMENT.
[Vol.
LXXVI.
EAILKOAD STOCKS AND BONDS.
April, 1908.]
RAILROADS.
on
first
page of tables.
Amount
Rate per When Where Payable, and by
Payable
Road. Bonds Value. Outstanding
Cent.
Whom.
Roch.
•
Par
of
of
31
Rich. <£ Meek.— iBfM.., $315,000, g.(V. 69,p. 391).
Richmond c6 Petersburg— B^K Atlantic Coast Lin bRR.
• *>•
Rio Orande Junction— Stod
62
o*
1st mortgage, gold, guaranteed.Oe
Rio Or. Sierra M. <£ Pac.—X&t M. g.,$20,000 p.m.Ce 156
180
Rio Or. Southern— iBtM^.g., $25, 000 1 not guar... ^
180
permlle.Ce
S guaranteed <
Rio Qrayide TTes/erTi— See Denver & Rio Grande
<t Oenesee Foi.— 8took,6% rental Erie RR
Rock Island Co.— Common stock, $96,000,000
Pf. stock (also to ass, etc.), non-cum., $54,000,000
18
-•
>>••
1898
$1,000
1889
1897
1890
1890
1,000
1,000
1,000
1,000
100
•
.•>
• •>•
ST8TEJI.
col, tr. M.. $75,000,000Ce.o*&r
> •••
Oh. R. I. & P. RR
O.R.I.& P.Ry.lst M.,Ch.,Ill..to Coun.Bl.&br.Usc* 736
c*&r 3,128
General mort , $100,000,000, gold,. re
Col.tr M.,g..8er.BtoP,dney'ly,red.l01i3.Ce o"
Burl. C. R & No. Ist M., lawful money F...o*<fcr 369
.
C. Rap I. F. & N.W., cons. Ist M., g., guar.Ce..c
AU
B.C.R. No. con.lst M. & ool.trust, gold f.c*&t
12
Minneap. & St. L., 1st M., gold (assumed) Ce..
Rook Island & Peoria, oonsol. Ist mortgageMpr 113
Choc. O. & G., gen.(now Ist) M., $5,500,000, g.c 283
Choc. & Mem 1st M., $3,750,000, ass'd.GPc&r 282
L. Rook Bridge 1st M.,as8'd,g.,red.(text)GP.c*
Consol. M. (see text), $30,000,000, gold GP.c* 962
Car trusts, gold. $50,000, Oct. 1, yearly. GPo' ....
A
...a
• .
a
l.OOO&c
l,000&o
l,COO&c
1902
1877
1898
1902
1876
1881
1884
1877
1885
1894
1899
1899
1902
1900
1901
1902
1,000
100 &0.
1,000
l.OOO&c
500
5.000
1,000
1,000
1,000
1.000
1,000
1,000
1,0)0
100
Reading Company— (Concluded.)
& Saratoga RR,—Road.— Embraces
192 miles, viz:
Leased ( Continued)Miles.
79 Ft. Edward to Caldwell
15
—
Leaded
Vermont line to Castleton, Vt. 7
Troy to Waterford June, etc.. 14 Eagle Bridge, N. Y., to RutSchenectady toBallston
15
land, Vt
62
Lease.-Leased in perpetuity March 1, 1871, to the Delaware & Hudson, which, June, 1901, owned $800,000 of stock; rental, 8 percent
on the stocii and interest on bonds. Guaranty on stock, V. 56, p. 773.
Tear.
Gross.
^et (over taxes).
Rentals.
Bal.,def.
1901-2
$2,756,720
$751,104
$1,0^4,705
$283,601
1900-1
2,636,183
714.421
»1,033,683
319,262
—(V. 73, p. 337; V. 74, p. 1088; V. 75, p. 342, 1147.)
RIcliniond &. Danville.—See Southern Railway Co.
Rlcbmond Fredericksburg Sc Potomac RR.— Owns from
Rlohcuond, Va., to Quantico, 79 miles; James River branch, 3 m. leases
Qnantlco to Junction, etc., 3 miles, total 85 miles; to be double tracked.
The dividend obligations carry no voting power. Rich. & Petersb. Connection RR. stock of $140,000 receives 8 p. c. dividends under lease.
The guaranteed stock is secured by mortgage.
The Richmond-Washington Co. (see below) in 1901 took over a
m^ority of the capital stock, but the "union" line of that company
has been operated by Rich Fred. & Pot. officials since Nov. 1, 1901,
and separate corporate existence will be maintaiued. V. 74, p. 149.
DlV8.onstock &> '91to'93. '94. '95 '96. '97. '98. '99. '00. '01. '02. 1903
div. obUg. p. c. 5 7 yearly. 6I3
7 7 6I2 7
7 8
8
8 Jan., 4
Earninos.— 6 months, < 1902
Gross, $574,782; net, $172,229
July 1 to Dec. 31.
il901
Gross, 519,615; net, 189,979
Report.— Report for year ending June 30, 1902, was in V. 76, p.
99, showing: Gross, $1,168,054; net, $441,4 83; other Income, $22,830;
interest, $31,175; dividends, $231,144; baL, sur., $201,994. In 1^00-1,
gross, $1.< 66,865; net, $371,751; other income, $26,314- (V. 73, p.
1161; V. 74, p. 149; V. 75, p. 78; V. 76, p. 99
Road owned—
Troy to Lake Champlain
N.
J. P.
&
555,200
69,155,000
48,408,700
6
69,155,000
12.500,000
60,581,000
22,095,000
6,500,000
1,905,000
7,803,000
150,000
450.000
5,500,000
3,525,000
375,000
5,062,000
200,000
790,000
1,540,000
345,360
4g- M.
J.
J.
N.
Miles.
;
Morgan &
Stocks—IjdkSt
Dividend.
Nov.
Co.
Y.,byErieRR.
1948
1,
Q.-F.
6
J.
*
g-
J.
&
&
&
N. N. Y., First Nat.
&
&
&
&
D.
J.
J.
4g. M. & N.
5
5
J.
g.
A.
5g. A.
7
6
5
5
g.
g.
g.
J.
J.
J.
J.
J.
6g.
5g. M.
5g. A.
5 g. F.
4i«g. A.
6I4
J.
0.
0.
D.
&
*
&
&
&
&
&
J.
J.
J.
J.
<fe
N.
0.
A.
0.
<fe
Broadway.- (V.
Co. Jan., 1903,
Checks mailed
do
do
....
J.
May
Bank
do
do
do
N. Y., Central Trust Co,
do
do
do
do
N.Y., Hanover Nat Bk.
N. Y., Company's Office
N. Y., First Nat. Bank.
do
do
do
do
do
do
PMla., GirardTrustCo.
do
do
do
do
Clinton, N.Y., by check
do
do
do
Edward M. Shepard and John
1901.
1900.
$14,359,09 9 $13,287.255 $12,365,115
Surplus
$1,934,89^
$2,296,717
$1,938,000
Accumulated surplus
$5,246,615
$4,806,459
$2,628,233
'3 '0)934.735 (l>fl) 374,735
Dividends on 1st pret
( 4)1,120.000
Surp. end of year (all cos.).. $4,120,615
$3,871,724
$2,253,498
Officers.— Pres., George F. Baer; Vice-Pres, and Sec, W. R. Taylor;
Treas., W. A. Church; Comptroller. D.Jones.
Directors— Joseph S. Harris, George F. Baer, John Lowber Wel"h, George C.
Thomas. Henry A. Dupont. Henry P.McKean, Samuel Dickson, Charles Steele
and H. McK. Twombly.
Office— Reading Terminal Building, Phila.— (V. 76, p. 102, 332, 383.)
1902.
Fixed charges and taxes
Rensselaer
&
pal.When Due.
2,000,000 3*9 In '03 Yearly. <N.Y.,Malt.,Coppell) Jan. 5,'03, 39io
1,850,000
5 g. J. & D. I &Co.,24Exch. PI. \ Dec. 1, 193H
2,000,000
July 1, 1917
N. Y. Co.'s office.
6g. J. & J.
2,233,000
4g. J. & J. N.Y.,Mait.,Coppell& Co July 1, 1940
2,277,000
do
do
July 1, 1940
4g. J. & J.
100
100
100
••
4g. M.
$315,000
RONDS OF
Ser.B, $70,000 s.a.to Aug.'O6,th.$75,000.GP
Ser.C, $1,750,600, Aprll,y'rly,begln. 1903GF
Borne <£ Oiinton— Stock (rental guaranteed)
Bonds— lh:inc\-
INTEREST OR DIVIDENDS.
DatA
For explanation of column headings, &o., see notes
131
T. Terry,
64, p. 611, 1138.)
New York
1, '(is,
Vov.
July
Jan.
3%
\%
2002
1917
1988
1,
1,
1,
May, 1904-18
June 1, 1906
Oct. 1, 1921
Apr. 1, 1934
June 1, 1927
July 1. 1925
Oct. 1, 1919
Jan. 1, 1949
July 1, 1919
May 1, 1952
To Oct., 1905
To Aug., 1908
AprU, 1904-10
Jan., '03, 3i8%
offices
are at 100
Rio Grande Sontbern RR.— (^iSee Map Denver <6 Rio Orande.)—
Owns narrow gauge from Dallas (new name Rldgeway), Col., on the
& Rio Grande,
Denver
southerly to Durango, 162 miles, and branhes
fields near Hesperus, 18 miles. Stock, $4,510,000; June 30, 1902, $2,255,600 owned by Denver & Rio Grande. See
V. 63, p. 404. Mortgage abstract V. 54, p. 163, and application to N.
Y. Stock Exchange in V. 54. p. 446. Of the bonds, $2,277,000 are
guaranteed by D. & R. G. V. 70, p. 791. See guaranty, V. 70, p. 1295.
Earnings— For 8 months ending Feb. 28:
Net.
0th. inc.
Charges.
8 months.
Gross.
Bal., sur..
1902-3.
$386,313
$198,779
$9,608
$154,009
$54,378
1901-2
170,172
6,831
145,244
388.687
31,759
For year ending June 30, 1902, gross, $575,675; net, $262,541;
other income, $7,706; interest, taxes, etc., $217,955; surplus for year
$52,292. In 1900-01, gross, $539,529; net, .$252,749.— (V. 71, p. 389.)
Rio Grande Western
See Denver & Rio Grande RR.
Lehigh Ave., Kensington, to Dock St., PhilaRiver Front
delphia, with branch; total 462 miles. In Jan., 1903, merger with
Pennsylvania RR. was pending.— (V. 76. p. 103.)
Rochester Genesee Valley
A von to Rochester, N. Y., 18
miles. Leased July 1,1871, in perpetuity to Erie Ry. Rental, $34,012.
to Tellurlde
and coal
RR.—
RR.—
RR.—
&
Rocli Inland Co.— CSee Maps, pages
112, 113. >— Incorporated In
Jersey on July 30, 1902, and acquired, per plan V. 75, p. 240,
the entire stock ($125,000,000) of the Chic. R. I. & P. Railroad (new
CO.), whose bonds, together with the stocks of the Rock Island Company, were issued in exchange for over 90 per cent of the Chicago R. I.
& Paciflc Railway— ^iiich see. In 1903 it was reported that Rock
Island interests had arranged to purchase an interest in the Houston
New
«fe
Texas Central.
V. 76, p. 332, 480.
Road.—The "Rock
Island system" is clearly shown on the accombeing controlled by or leased to the Chicago
Rook Island & Pacific Railway as follows:
Mites
Miles.
Pac. Railway.... 3, G56
LeasedChic. R. I.
Des Moines <k Ft. Dodge
S'ock all* or nearly alll ownea.
144
Choct. Okla. A Gulf
Jl,051 Keok. & Des Moines (maj.
stock owned) .Burl. Ced. Rap. & Nor. (also
162
Entire stock owned by O. O.
leased)
:i,367
dt G.—
Rock Island & Peoria (also
panying maps,
its lines
&
.
leased)
Peoria
...
&
leased)
Chic. R. I.
Chic. R. I
}
120 Searcy
& Des
Arc
25
Bur. Valley (also
& Gulf
&
El Paso...
147
*3.=i0
To^lNov.
1,
1902
7,033
secbnd track
273
*111
)
&
RR.—
Riciimond
Meclclenburg
Keysvllle, Va., to ClarkesvlUe, Va., 31 miles. Road is leased by South. Ry. Co. tor 50 years
from Nov. 1, 1 898, for interest on bonds. (V. 69, p. 391.) Stock, $357,900 (par $100) of which $300,000 owned by So. Ry. Co. -( V. 71, p. 112 .)
Riciimond Petersburg
See Atlantic Coast Line RR.Co.
,
1
&
RR.—
Rlclimond* Washington Company.— Controls a "union" line
Washington, D. C, to Richmond, Va., 115 miles, In the joint interest of
the following roads, viz.. the Pennsylvania RR.. Baltimore & Ohio RR..
Atlantic Coast Line Co., Southern Ry., Seaboard Air Line Ry. and
Chesapeake & Ohio Ry.. each of which owns one-sixth of the $2,670.000 capital stock; operation began Nov. 1, 1901. The entire road
Is to be double-tracked.
V. 75, p. 78. Dividends in 1902, 3 p. c. Incorporated on Sept. 5, 1901, and acquired a majority of tbe voting capital stock oi the Richmond Fredericksburg & Potomac RR. and the entire stock of the Washington Southern Ry.. extending from the south
end of Long Bridge across the Potomac River to Quantico, 36 miles.
For year ending Dec. 31, 190^, int. on investments and deposits. $126,795; taxes, etc., $2,772; dividends (3 p. c),
'.*-,
$80,100; bal., sur., $43.o,
923.-(V. 73, p. 843, 1011.)
Rio Grande Junction Ry.— Owns road Rifle Creek, Col., to a
< onnection with the Rio Grande Western at Grand Junction, 62
miles.
This is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland Railroad (since foreclosed and reorganized as Colorado Midland Railway)
and Denver & Rio Grande at 30 jier cent of groa.s earnings, which companies iointly and severally guaranteed the bonds, prin. and int. First
dlv.,1898, SOcts.; 1899, $1 20: 1900, $1 96; 1901. *3 75; 1902, $4; 1903,
$3 90. Year 1900-01. gross, $575,350; rental, $172,605.-(V.66, p.237.)
Rio Grande Sierra Madre & Paciflc RR.—Organized in Mexico in 1896; Incorporated in N. Y. State in June, 1897, being completed
from Ciudad Juarez via San Bias Mountains, Lake Guzman, Sabinal
and San Pedro mining region, to Casas Grandes, 156 miles. Extension
proposed to Guerrero, 156 mUes, to meet the Chihuahua <fe Paciflc
and a projected line to Paciflc Coast. Capital stock is $3,120,000
($20,000 per mile) and bonds are authorized at $20,000 per mile, of
which $2,000,000 issued for construction to July, 1898 Interest on
bonds began July, 1899. El Paso Southern RR. organized to build El
Paso terminals and Rio Grande bridge.
,
fl>
Directors.— Presiaent, A. Foster Higgins; Vice-President, Edwin
D
Morgan; 2d Vice-President, A. Giflbrd Agnew; Secretary, George Rowlana; Sldel Tilghman, John B. Lawrence Jr., W. Morton Grlnnell
There were also under construction the following lines, aggregating
1,024 miles, viz
St. Louis Kansas City 4 Colorado RR. Co.— St. Louis to Kansas City.
294
Chicago Rock Island A Gulf Ry. Co.— Jacksboro to Graham
27
Chicago Rock If and & ..ulf Ky. Co, —Ft. Wnrti to Houston
265
Chic K I. i Gulf Ky.— Cimarilloto Texas-New Mexico line, and Chic. R, I.
A El Paso Rv. Co.—Texas New Mexico line to Tucumcari
125
Choctaw & Chickasaw RR. Co.— Ardiuore to Red Klver; and Chicago Rock
island & Gulf Ky. Co.— Re1 River to Dallas
113
Choctaw Oklahoma* Gulf RR Co.— Guthrie to Chandler
50
Various branches in Oklahomaand Indian Territory— about
150
STOCK.— Common stock authorized $96,000,000; preferred $.n4,000,000. Of the common $75,000,000 was issuable, with .^52, 50i',000 preferred as consideration for $75,000,000 stock of the Chi. R. I. & Pao.
Railway. The remaining $21,ti00,000 common with $1,500,000 preferred is reserved for future acquisitions and oiher corporate purposes.
The preierred stock is preferred as to capital and also as to noncumulative dividends at the rate of 4 p. c. yearly for 1903 and thereafter to and Including 1909, then 5 p. c. for 1910 and thereafter to
1916, inclusive, and thereafter 6 p. c. The preferred stockholders are
entitled to elect a m^orlty of the directors. The authorized amount
can only be increased wllh the consent of two thirds of each class.
Dividends.- Dividends on pref., 1 p. 0., Feb. 1, 1903; May, 1 p c.
Capitalization of Ststem.— Capital stock,
see above; total
bonded debt of system (also shown above) onNov.1,1902, about $127,000,000. The capitalization of the system, as estimated on a basis of
6,794 miles, was per mile of road as follows: All underlying bonds
held bv the public, .$18,775: new railroad 4a, $11,040; total bonded
debt, +'29,815; preferred stock, .$7,730; common stock, $11,040.
Official Statement.— As to seouritles, rights of shareholders, road
built and building, etc., see V. 75, p. 1157.
Pacific RailEarnings.— See statement of Chicago Rock Island
way on a preceding page and statements of other subsidiary companies
:
.
&
in this
Supplement.
B. Leeds; Treasurer and Secretary, D. G
Reld; Assistant Treasurer and Assl^^tant Secretaty, George T. Boggs.
Directors— W. B. Leeds. \Vm H. Moore. D. G. Retd. F. L. Uine, Geo. G. Mc
Murtry. A. R, Flower Geo. S. Brewster and >g.len .V5 Ills, New York R. RH. C. Frlck, Pittsburg'
Cable. James H. Moore and Marshall Field, ChlcaKO
Pa.; Geo. T. Boggs. East Orange. N. J.
Chairman;
W.
B. Leeds, D, G. Held.
Finance Committpe-W r. U. Moore,
J. H. Moore, F. L. Uine
N. Y. Office, 71 Broadway.— (V. 76, p. 159, 383, 480.)
Officers— President, W.
;
;
US VESTOES'
123
KALLROAD8.
For explanation of column headings,
on first page of tables.
&o., see notes
Miles
Date
of
of
i
t
Slge, or
Par
Road. Bonds Value.
Bome Watertown <£ Ogdensb%trg—8tooii,gaa.T. (end.)
Ist M.,W'at. &R.,Rome toCape Vin.,8.f..notdr'n.o*
97
All
Consol. M.(tnt. only In gold,$500,000 are 3 His) F.o.
Oswego Bridge Co. Ist nivirtgage
17
Syracuse Pbenlx & Oswego Ist mortgage. Itic
13
Norw'd & Mont. Ist M., g., $360,000; $10,000 p.m.
c*
7
R. W. & Og.Term. RR. 1st M., gold, assumed
28
Oswego & Rome [Leased In perper.],l8t M., guar.
28
2d M., g, gu. p. & 1. (end) by R. W. & O.-Ccc*.
Utloa&Bl. Riv. st'k,7p.c.perpet. gu.byR.W.&O.l 150
U. & B. R. l8t M., $2,000,000, g., gu. p.&l..Ce.Oj 150
120
Rutland Stock, preferred (for com. see text)
First consol. mort. for $3,500,000, gold. Us .o*Ar| 120
assuCe-.c*
127
Ogd. «fe L. Ch 1st M., $4,400,000, g..
Rut. -Can.— Ist M., g., aasum.,$l,350,000.OB..c* 43 1«
59
Bennlng & Rutland— Ist ref.M. g.,as8iimed.]N.o*r
59
2d M., gold, asaum., sub), to call aft. 1901 Coo*
i
—
—
Chatli.&Leb.Val. l8tM..$500 000,g..p.(fei.,gu S
Equipment trusts, g maturiug $33,000 yearly.
Equip, tr. $1,500,000, g., $100,000 y'ly.A B.c&r
Ogdensburg.Term.Co M.,lnt.gu.,s.f $10,000 y'rly
58
,
RutlandTran8ltlslM.,notguar.(V.70,p.534)OB
Rutland <t Whitehall iZii.— Stock (no bonds)
<9aflr.2^tscoia<fifi^«ron— l8tM.,g.,gu.,p.&l.,end.Co.c*
7
66
«.0'.ifad.<«St.I,..Be«.— l8tM.,g.,$800,000,r'd.SSt.c*
SI. Johiisb. <£ L.0hampl.—l8tU. ($1.328,000 gxi.)g.o'
isi
Johns River Term. -Ist M. $2,000,000 >.
Jog. <£ Or. Isl. Ry.—\Bt pf. stock, 5%, non-cum.
1st M., g., 2 P.O. 2 yrs., 3 p.o. 3 yrs., then 4.Cec*&r
81. Lawrence <t Adirondack ify.— Stock, $1,615,000
c*
1st mortgage, $800,000, gold. Co
2d mortgage, $400,000, gold. Co
St.
St.
251
"43
43
Island
111.,
1
;
&
&
—
;
m
;
points to Montreal. V. 75, p. 1029.
RR. Lines Owned.
Miles.
Leased, etc.—
Miles.
BeUow's Falls, Vt., to OgLines to Tlconderoga, etc.... 19
densburg, N. Y
283
Rutland, Vt.toChathamN.Y.114
Total operated
416
Organization.— Lease to Central Vermont was terminated in
1896. In 1901 absorbed by consolidatioa: Bennlneton A Rutland,
Rut. -Can., Ogd.
Lake Champ, and Chat. & Leb. Valley. Also owns
entire $100,000 stock and $100,000 4 p. c bonds of the Rutland &
Noyan RR entire $l,000,OdD stock of Rutland Transit Co. and entire
$300,000 stock of Ogdensburg Terminal Co. V. 75, p. 1029. (See
V. 73, p. 437; V.72, p. 88, 822.) In Dec, 1901, W. Seward Webb obtained control.
Stock.— Preferred stock outstanding July. 1902, $9,057,600; of this
$4,185,700 was sold curing 1901-2 and $500,000 Issued to acquire
$500,00 Chatham & Leb. Vallev stock; in treasury, June 30, 190',,
$103,100. See V. 73, p. 1011, 1062; V. 74, p. 95. In July, 1902, all but
$199,40Ocommon stock had been exchanged tor pref. on the basis of
ten shares of common for one share of preferred. V. 72, p. 439.
Dividends > Year '92 to '95. '96. '97. '98. '99. '00. '01. '02. 1903.
on pref.... s P. C. 4 yearly.
2
2
3
4
3
Jan., 1
In 1902. Jan.. 2 p. c; July, 1 p. o. V. 74, p. 1356.
Accumulated <llvidends on preferred said to aggregate 130 per cent.
Bonds.— Rutland-Canadian mortgage is for $1,350,000 (see advt. In
Chronicle of J uly 15, 18 9) There are also $900 second 5s, due 1 89^?.
In 1902 $1,500,000 4 Hi per cent equipment bonds were sold. V. 74, p.
728. Of the amounts ahown in thu table above as outstanding there
were outstanding June 3'>, 1 902, $500,000 Chatham
L'lb. 48, $50,000
Ogdensburg Term. 48 and $601,000 Rutland Transit Ss.
Earnings.— For fl mos eudingDec. 31, 1902, gross, $1,245,780, aga'et
$1,081,875; net, $426,261, against $402,053; other income, $56,375;
charges, $318,455; bal., sur., $164,181.
Report.-Report for year 1901-2, In V. 75, p. 1029; V. 76, p. 47.
Jears Ending June 30.
1901-02.
1900-01.
Miles operated June 30
416
360
Gross earnings
$2,134,382
$1,933,136
I
|
I
|
&
,
I
12
&
Net earnings
Total net income
Deduct— Taxes and
rentals
Interest on bonds
Interest on loans
Sinking fund lor equip, bonds
Dlv. onpref. stock
Balance, surplus
763.090
923,016
86,548
491,041
49,012
33,000
(3%) 261,728
(4%) 169,564
$1,696
$31,805
674,3^9
770 947
83,000
394,943
91,635
Pree., W. Seward Webb; Treas.. Clarence Morgan, 51 E.44th 8t.,N.Y.
Directors.— I'ercival W. Clement, RutUnd, Vt.; Oeo. H. Ball, KrtRar Uardlnir.,
Boston, MasK.; John W. Stewart, Mlrtillebury, Vt.; W. Seward Webh.Sbelburne
Vt.;Chauncey M. Depew, E. V. W. Uosslter, Ueorire Bird, S. II. Callaway, N V.;
TreHs riarenre Morgaii, New York; Gen. Mur.. tJeo. I'. .larvis.
(V. 74,p. 13o6; V. 75, p. 240, 907, 1028; V. 76, p. 4 7.)
Rntland &; Wliltehall
Owns from New York State line
to Caatleton, Vt., 7 mllea.
Leased Feb. 1, 1870, In perpetuity to
—
.
RR.—
Amount
Outstanding
{Yov.
LXXVI.
i<o«.a»— PrinoiINTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stock.i—'L&st
Cent.
Payable
Whom.
Dividend.
$100 $10,000,000
5
1855 100 &o.
417,800
6
1874
1,000
9,576,000 5&3ifl
1885
100,000
6
1885
175,000
6
1886
130,000
5 g1888
1,000
375,000
5 g1865
1,000
350,000
7
1891
1,000
400,000
5 g•68-71
100
1,103,000
7
1890
1,000
1,950.000
4 g.
100
9,057,600 3 In 1902
1891
1,000
3,44<1,900
4 lag.
1898
1,000
4,400,000
4g.
1899
1,000
1,350,000
4g.
4l2g.
1897
1,000
500,000
1900
1,000
500.000
^^•
1901
1,000
500,000
4 g.
4i^g.
1901
1,000
412,000
4l2g.
1902
1,000
1,500,000
150,000
4
1900
i',0'00
1,000,000
5 g100
255,700
6
1900
1,000
4 g1,000,000
76X,000
1900
1,000
4 g1894
1,000
2,500,000
5 g1902
1.000,000
4
"ibo
5,500,000 5 in 1902
1897
1,000
3,500,000 2-3-4 g.
100
1,615,000 See text.
1896
1,000
800,000
5 81896
1,000
400,000
6 g.
& Peoria Ry.— Owns from Rock Island. 111., to
91 miles; R. I. & Mercer County RR., 22 miles: branch, 5
miles total 118 miles. Leased by the Chicago R. 1. & Pacitlc for 999
years from June 1. 902, for fixed charges and 6 per cent on the stock.
In Sept., 1902, the Chic. R. I. & Pac. had acquired by exchange, share
for share, for its own stock all except $31,500 stock not already owned.
V. 74, p. 1197, 1253 V. 75, p. 30. In year ending June 30, 1901, gross,
net, $61,446; other income, $7,303; interest on bonds,
27,000; taxes, $41,777; div (5 p. c). $75,000; bal., deficit for year,
t783,^99;
$75,030. Dividends at 5 p. c. per annum have been paid; in 1892 an
extra 10 p. 0. was paid; in 1896 an extra 5 per cent. For bonus see
Rock Island On. a69»e.— (V. 74, p. 1197, 1253; V. 75, p. 30.)
Rome Clinton RR.— Owns road from Rome to Clinton, N. Y.,
13 miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
A Hudson Canal Co. and operated by N. Y. Ontario <fe Western.
Rome W^atertown Osdensbnrg RTL.—(See Map Neto York
Ventral <t Hudson River Railroad.) Owns from near Niagara Falls to
Maflsena Springs, N. Y., 301 miles, less 27 miles, Richland to East
Oswego, leased from the Oswego & Rome RR. and Suspension Bridge to
Lewiston Jet., 9 miles; and trackage to Suspension Bridge, 2 miles;
Richland to Rome, 41 mUes; branches to Cape Vincent, Ogdensburg,
Pulaski, Fulton, etc.. 110 miles; total owned, 414 miles. Leases Utica
6 Black River Railroad ($1,120,000 of $2,223,000 stock owned). Utica
to Ogdensburg, and Clayton branch, 150 miles Oswego & Rome Railroad ($202,200 of $214,900 stock owned), 27 miles, and Niagara Falls
Branch RR., 9
Carth. Watert. & Sack. Harbor, 29 m.; total, 629 m.
Lease.— In 1891 leased during corporate existence and renewals to
N. Y. Central, which assumes the debt and guarantees 5 p. o. on stock;
guaranty, see V. 52, p. 463 Utica (6 Black River is leased in perpetuity,
7 per cent on stock guaranteed.— (V. 72, p. 1238.)
Rutland RR.— Operates from Bellow's Falls, Vt., via Rouse's
Point, N. Y., to Ogdensburg, with branches to Bennington, Vt., and
Tlconderoga, N. Y., etc. Controls Rutland Transit Co.. operating steamera between Ogdensburg and Chicago, Duluth, etc. Operates passenger trains into Montreal from Noyan Jet. over Quebec Southern and
Canadian Pacific, and to Troy and Albany over Boston & Maine and
N. Y. Central & Hudson River RR., making through line from latter
Rock
Peona,
SUPPLEMENT.
Q.-F. N.
M. & 8.
Y., Or. Cent. Station. Feb.l6,'03.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
& O.
& A.
& A.
A. & O.
M. & N.
M. & N.
F. & A.
M. & 8.
J. & J.
J. & J.
Company's office.
N. Y.. U. S. Mort.
J &
Tr.
J & J. N. Y. Nat. Bank of Rep.
J & J. Boston. Nat. Shaw. Bk.
M. & N. N. Y., Nat. Bank of Rep.
M. & S.
do
do
J. & J. N. Y"., First Nat'l Bank.
M. & N.
do
do
A. & O. Co.'s office or Boston.
Boston, Mass.
J. & J.
Q.-F.15 Troy, United Nat. B'nk.
F. & A. N. Y., Contin. Tr. Co.
J. & J.
M. & S. Boston, Comp'ys Office.
New York.
J. & J.
J. <& J. N. Y., Central Trust Co.
J. & J. N. Y., Central Tr. Co.
See text
J. & J. N. Y., Cont'l Trust Co.
A. & O. N. Y. Colonial Trust Co.
A.
F.
F.
<fe
,
the Rensselaer & Saratoga RR. (rental $15,342
and so operated by Delaware & Hudson.
—6
Sept.
1,
July
July
Feb.
Apr.
1,
1,
1,
1,
1,
1,
1.
May
May
May
IH
1910
1923
1915
1915
1916
1918
1915
1915
Mar.30 03, 319
July 1, 1922
Jan.15,'03,1%
July 1, 1941
July 1, 1948
July 1, 1949
Nov. 1, 1927
Mch. 1, 1920
July 1, 1951
Aug. 1, '03-'12
Oct., 1903-17
Jan. 1, 1920
Mayl5,'03, II9
Feb. 1, 1931
Jan. 1, 1951
Mch.
July
1,
1,
1944
1952
Julyl5,'02,2i«
Jan. 1, 1947
Mch. 1,'02, 2»9
July
Oct.
1,
1,
1996
1996
—on stock)
per cent
Sa8:lnaYirTnsoo1a& Huron.— Owns Saginaw, Mich., to Bad Axe,
66 miles. Stock, $600,000 par, $100. In year 1898-9, gross, $147,448; net, $45,644; other income, $5,495. Leased to Pere Marquette
RR. for 999 years from Feb. 1, 1900, for guaranty of principal and
interest of bonds (form V. 71, p. 30) and maintenance.— (V. 72, p. 88.)
St. Clair Madison & St. Ijonls Belt RR.— Owns bridge completed across the Mississippi River at Alton, 111., in 1894; also 2 miles
of road. The bridge is 2,100 feet long and laid for double-track. In
Apr., 1901, reorganized without foreclosure, per plan V. 72, p. 288,
the old 5s receiving 125 per cent in the new 4s, which are subject to
c«ll at 105 after 5 years, $32,000 having been reserved lor future requirements. On Jan. 1, 1903. the Chicago Burliuitton & Quincy RR.
discontinued its use of the bridge. V. 75, p. 1303. In April. 1903,
salrt of the road was pending.
V. 76. p. 811. In 1900 gross
earnings were $80,894; net over taxes and extraordinary expenses,
Treasurer, L. A.
$32,321, V. 72, p. 676. Stock, $500,000; par $100
Handy, 300 No. Fourth St., St. Loms, Mo.-(V.75 p. 1303. V.76,p.811 )
St. Jolinsbnry Sc Lake Cliamplaln RR.— Owns Lunenberg,
Vt., to Maquan Bay, on Lake Champlatn, 120 miles, and branch from
North Concord, Vt., to East Haven, 11 miles; total, 131 mUes. The road
is operated independently although a majority of the stock is owned by
the Boston & Lowell, leased to Boston & Maine. Stock, common, $2,550,000; pref., $1,298,500: par of shares, $50. In year 1901-02 gross,
$316,910; net, $32,564; def. under charges, $44,832.
St. Joseph & Grand Island Ry.— Line of Road— St. Joseph,
Mo., to Grand Island, Neb., 251 miles. Trackage, St. Joseph to Gower,
Mo., over S. F., 20 miles, and Gower to Kansas City, over K. C. & Nor.
Conn., etc., 41 miles; total trackage. 61 miles.
History.-A reorganization Feb. 23, 1897 (per plan In V. 62, p.
;
784,950). of the St. J. & Grand Island Railroad, sold in foreclosure.
Union Pacific interests are understood to be In control. V. 75, p. 907.
Stock.—The voting trust expired Jan. 1, 1902. V. 73, p. 1314. Common $4,600,000; 2nd pref. 4 p. c, non cumulative, $i<,500,000; Ist
pref.,
$5,500,000 (see table above); par $100.
1900.
1901.
1902.
}
1898.
1899.
Dividends (p. o.)
3
3
Onlstpref
5
5
5
5
The Jan., 1903, dividend was passed. V. 75, p. 1400.
Bonds.—The Ist mort. Interest is 2 p. 0. till Jan. 1, 1899; then 3 p. o.
Bonds for $500,000 reserved
till Jan. 1, 1902 and thereafter 4 p. c.
for uses of
new company cannot be
issued to exceed ,$100,000 yearly,
and $1,000,000 can be sold only for new mileage at not exceeding
$6,000 per mile. Mortgage is for *5 ,000,000. See listing In V 64, p. 1138
Latest Eakninos.— 8 months ending Feb. 23:
S
mmiths—
Int., (axes, etc.
Net.
Oross.
Bal., sur.
$372,610
$151,970
$220,640
$936,888
227,9a6
358,ll0
13vM24
929,216
19012
Annual Report.— Fiscal year ends June 30. Report for 1901-02with balance sheet, in V. 75, p. 1029. showed: Gross, $1,349,790; net,
.f!497,40t); interest, taxes, etc., $204,80 1; dlv. on Ist pref, (5 p. c.)
$274,903; balance, surplus, $17,699. President, W. T. Van Brunt;
Treas., Graham G. Lacv: Sec'v, Francis W. Ruaaell, St. Joseph. Mo.
1902-3
Directors Oct., 1902, V.75, p.
907— (V.75,
Rend &
p.
1029, 1400; V.76,p.l59.)
RR.—
Owns South Bend,
Southern
St. JoNepb South
Ind.. to St. Joseph, Mich., 39 miles. A reorganization of the Indiana
& Lake Michigan Ry., foreclosed and sold Dec. 8,1898. V. 67, p. 1263.
Stock, $500,000 common and $250,000 5 p. c. pref., to be held for
five years in voting trust. Leased to Indiana Illinois & Iowa RR. for
50 years from Feb. 23, 1900. Dividends of 5 p. o. per annum on pref,
and 2 p. o. on common are paid Mar. 15 and Sept. 15. No bonds.- (V.
70, p. 481; V. 73, p. 554.)
Adirondack Ry.— From Malone, N. Y. (on
St. Lawrence
Mohawk & Malone) to Adirondack Jet., 56 miles, connecting there with
he Canadian Pacific at its St. Lawrence River bridge, Montreal
Dividends, 2^ p. c, paid Sept. 1,1901; In 1902, March, 21^ P- 0.,
paid from accumu'ated surplus Current liabilities June 30, 1902,
&
$39,129
;
equipment
Eakninos —6 mos.,
trusts, $100,418.
Gross, $118,759; net, $PO,849
J 1902
Groas, 124,'=<6o; net, 62,781
July 1 to Dec. 31. $ 1901
Surp. overcharges, $19,809, against $12,349 In 1901.
Report for year end. June 30, 1901, in V. 73, p. 840. In 1901-2,
Gross, $241,782; net, $97,487; other income, $427; charges. $93,005;
baL, sur, $4,909. President, W. Seward Webb.— (V. 75. p. 794.)
St liOulM Belt A: Terminal Ry.— Acquired In 1902 by or In the
Interest of Terminal RR. Association of St. Louis— V. 75, p. 849.
Cairo RR.— See Mobile & Ohio RR.— (V. 70. 532.)
St. Louis
Gulf Ry.— Extends from Cape Girardeau, Mo., southSt. lionis
erly to Leechville, Ark., 120 miles, with branch from Callgoa via
Campbell to Carutheravlllo, 55 miles, and other brandies, 37 miles;
also had under construction from Maiden, Mo., to Claikton, 8 miles;
total of all, 220 miles. In Mar., 1903, extensions from Bloomfleld
to Campbell, Mo ,35 miles, and Van Duser to Zeta. 11 miles, were reported to be let. A consolidation on May 1,1902, of the St. Louis
kennett& Southern RR. and allied lines. V. 74, p. 938, 1039. Nov.,
li*02, control of the road was sold to the St. Louis <k San Francisco. V.
75, p. 1 U8. Stock authorized. $6,000,000. Debt, $1,155,000.— (V. 74,
p 938, 1039; V. 75, p. 499, 1148, 1355.)
&
&
April,
SAILBOAD STOCKS AKD
1903.]
RAILROADS.
For explanation of column headings,
on tlrst page of tables.
<feo.,
Miles
Bate
Size, or
of
of
Par
see notes
Road. Bonds Value.
Louis Bridge See Term. RR. Ass'n of St Louis
Louis <t Oairo See Mobile <fe Ohio.
Louis <t 1ul/—8t. Li. Ken. & So., lat M., gold..c*
o*
Pemlaoot Dlv. Ist mortgage, gold SSt
gt.
8t.
8t.
—
Kennett
& Osc. RR. Ist M.,
20
25
20
10
g.,int. rental.SSt..o*
1891 $1,000
1894
1,000
1897
1,000
1899
1,000
Francois Valley, lat mort., gold, int. rental..
Other boLds, etc., aaaumed (V. 7i, p. 1039)
8t. Louis Kansas dt Northern-Bee Wabash Ry.
$'<:0,000,000. g Sst.
105
St. L. Kan. City d: Oo/.— Ist
> •••
St.L. If. rfS.— 1st M.. $13,000,000, g red 105OB.C*
• •••
(S(.iOMi«iferc/i. Br. Ter/n.— lat M.,gu.p.&i.,g.SSt.c
Meroh.B'gel8tM.,red.aft.Feb.l,1909,atllO.SSt • ••
m.text.Us
at. L.
No. 4rfc.— Ist M., g., $25,000 p.
at. IjOuIs & San Fran.— Com. stock, $64,000,000 1,691
1,691
Ist preferred stock, 4 per cent, non-oum
1,691
2dpf. atk. 4% n.-cu. $3 1,000,000
St.
M
i
1901
J, 000
1902 l,000&c
1890 500 &c.
1889
1,000
1900
,
<fi
"ido
1
-
Bonds onderlting refunding 48.
2d mortgage (now lat). Series A, B & C, gold
294
82
Mo.&W.Dlv.latM.,g.,$5,000yearlydr.atl05..o'
104
8t. L. & San F. col.trust gold, s. f not drawn. IJs.c*
Gen.M.,g.(l8ton365m.)$3,711,000ar6 6a.U»c*
57
Collat. Trust m( rt. on branches, gold. l'n....o*
CJonaol. mort., $50,000,000, gold, no option.Me 1,902
Southweat Div. M. $1,500,000 red. at par, g. Ce C 112
103
Cent. Dlv. st M., g,$3,462,000,red.at 1025a.Co.c*
* In Sept., 1902. $87,000 Southern Missouri & Arkan
a Exclusive of $4,204,000 additional in treasu ryord
.
l
&
mam
RR.—
&
&
&
000,000 have been underwritten by New York, St. Louis and Boston
capitalists.
In sept
1902, only $87,000 South Mo. & Arkansas
bonds remained outstanding. V. 74, p. 207, 268.
Officers.— President, B. F. Yoakum; Vice-President and General
Manager, B. L. Wlnchell.— (V. 75, p. 291, 1088, 1148.)
St. IjouIs niercliants' Bridge Terminal Ry.—Organization.— Double- track road from near Union Depot, via Main Street, Hall
Street, Ac, to Ferry Street, opposite the Merchants' Bridge, 7 miles. It
owns and controls the Madison 111. & St. L. Ry., connecting the town
of Madison and Eaat St. Louia, 8 milea total, 15 miles. Leases Merchants' Bridge for interest on the Bridge Company's $2,000,000 bonds.
Stock authorized, $3,500,000; issued to July 1, 1899, $2,939,500;
par, $100. On Dec. 31, 1900, there was due to Terminal RR. of St. L.
$1,008, 489 for advances under its guaranty. In Nov.^ 1893, Terminal
RR. Association of St. Lotus acquired control of this company and
guaranteed by endorsement theprmclpal and interest of its $3,500,000
first mort. bonds and the interest on $2,000,000 Merchants' Bridge 68.
The 6b are subject to call after 20 years at 110 and interest.
Earnings.— Year 1900, gross, $762,510; net over taxes and rentals,
f 188,344; interest, $193,270; deficit, $4,926.— (V. 62, p. 362.)
St. lionis dc North Arkansas RR.— SeUgman, Mo., connecting
with the St. Louis & San Francisco Ry., to Harrison, Ark., 68^ miles;
extensionfromHarrisontoLeslie.eOmiles.under construction. of which
33 miles to Gilbert was in operation April. 1903. In Dec, 190', the
Leslie & Southern Ry. was incorporated w ith $3,000,000 capital stock,
by the same Int'-rests, to build an extension from Leslie south to Little
Rock, Ark., 120 miles.
Successor by purchase Feb. 1, 1900, to Eureka Springs Ry. In Apr.,
1901, extension was completed to lead mines at Harrison. Ark., 50 m.
The first mortgage of 1900 was to secure $3,212, ."iOO 5 p. o. gold
bonds on entire proposed line of 128 Si miles, at $25,000 per mile,
per.plan V. 69. p. 645. Stock, $1,712,500: par, $100. For 4 mos. ending
Oct. 31, 1902, gross. $77,896; net, $35,152. In year ending Dec. 3i.
1902 (82 aver. ujUes), gross, $218,132; net, $85,906; Interest, $s5,625;
,
;
taxes, $6,743; bal , def . $6,46?. President. John Scullin, St. Louia;
Sec. and Mgr., Geo. West, Eureka Spriugs, Ark.— (V. 73, p. 900).
St. Iiouis ic
City
See St. Louis & San Fr. RR.
St. fionls
San Francisco H,R.—(See jifap.;— Road.— As
•hown by the map, the system embraces: II See this Co.
Line* owned
MUes.
'^per'd pend'ff eomplet'n— Milet.
8t.Loul8,Mo.,toRedRiv.,I.T. 567 Ashdown to Soper
99
Springfield, Mo., to Knoche
Okla. City to Lawton
90
Jet. (Kan. City), Mo
186
Operated independently
Monett, Mo., to Ok. Clty,O.T. 261 Kan. City Mem.
Birm
286
Bapulpa, I.T.,toDenl8on,Tex. 191 Fort Worth
Rio Grande.... 11146
PeirteClty,Mo.,toEll8W'h,K. 323 Red Rlv. Tex.
South. (incL
Beaumont, Kan., to Black34 m. track to Fort W.)rth.
87
well, O. T
79 Paris & Great Northein RR.
17
Branches in Missouri, KanSt. Louis San. Fran. & Texas
sas and Arkansas
269
Ry
....
16
Trackage—
Chicago & Eastern Illinois. . . 11738
B^oche jet. to Kanaaa (Dity..
4
Total Oct. 1. 1902, (includTotal
1,880
ing 161 miles trackage).. 4,296
Oldaboma
Ry.—
—
&
—
&
&
list. Louis Memphis & S. E.,
since acquired, to be
414
Blackwell,
USt. Louis & Gulf, to be
220
O. T .,to Choc. Nor. oross'g.
84 Birmingham Belt RR
16
H Also owns Jointly with the Atch. Top. & Santa Fe the Kan. South
western Ry., Arkansas City to Anthony, Kan., 59 m. In Jan., 1903, a
unlonofcertan of the controlled companies was proposed. V.76, p \.f)9.
In Jan. ,1903, the Oklahoma City Sa Western Ry. was under con-
Leased
K. C. Ft. S.
Bl.
Enid
& M. and trackage. 11853
& South
,
$135,000
150,000
80,000
50,000
740,000
3,030,000
*3,834,000
3,500,000
2,000,000
&
&
&
&
6g. F.
6g. A.
6g. J.
5
4
4
5
g.
J.
g.
J.
J.
g.
g.
6
Whom.
Payable
&
&
&
&
A.
F.
A.
O.
D.
J.
St.
Louis, Mo.
do
do
Chicago,
Dividend.
Feb. 1, 1921
Apr. 1, 1914
June
111.
Jan.
J N.Y.. Morton Tr.& St.L. July
J. N. Y., Comp'y's ottloe.
Jan.
O. N.Y.,F'r8L.<feTr. &8t.L.
& Tr. Co.
A. N. Y., Farm. L.
Oct.
1,
1,
1917
191»
1,
1951
1952
1930
1929
1,
1,
Feb. 1,
5g.
(?)
27,403,700
1876 100 &c.
2,050,300
1879
1.000
131,000
1880
1,000
196,000
1881
1,000
9,484,000 5&
1887
1,000
439,000
1896
1,000
1,558,000
1897
1,000
829,000
1899
1,000
145,000
saa bo nds wer 6 outstandin g.
eposit ed in sp eoial trusts; tor
RK.—
&
Cent.
B<m<te— Principal, When Due.
Stocks—LaieX
••
St. Louis Iron mt. Sc Sontb. Ry.— See Mo. Pac. Ry. System.
Forest Park (St.
St. liouls Kansas City Sc Colorado
Louis) to Belle, Mo., 105 miles; branch, 3 milea; trackage. Forest Park
to Union Station, St. Louis, 4 m.; also almost completed westerly 76
miles to and beyond VersaUlea, Mo,; contract let thence west to Kansas
Pacific Ry.
City, 120 miles. In May. 1902, the Chicago Rock Island
acquired the road and is extending it to Kansas City under charter of
1.'
Kanaas City & Kock Island. V. 76, p.
9; V. 74, p. 938; V. 75, p 13ri,
794. Stock authorized, $20,000,000; outstandiDg Apr., 1902, $1,939,800: par, $100. Bonds are Issuable at $30,000 per mile of
line.
President, Wm.B. Leeds, Chicago, 111.; Sec. and Treas., W. P. Kennett.
—(V. 75, p. 78, 136, 794.)
Lonls
&,
Sonlheahtern
St.
To extend
from St. Louis, at a connection with St. Louis & San Fran. RR., to
Luxora, Ark., with branches, in all about 420 mUes, forming in connection with the St. L.
S. F. RR., the shortest line between Birmingham Memphis and St Louis. Of this, 300 miles are completed, and
balance, irom Cape Girardeau, Mo., to St. Louis, 120 m.,to be completed by May, 1903. In Aug., 19( 2, the Memphis * Chicago Ry. waa
incorporated with $200,000 authorized stock to build a line from Cape
Girardeau, Mo., to a connection with the Chic.
E. 111. at Thebes, 111.,
the St. Louis Meiiphis & Little Rock RR., with $1,250,000 authorized
stock, was under conatruotton from Hoxie to Little Rock. 125 miles.
V. 75, p. 291.
Organization.— A consolidation in January. 1902. In Nov., 1902,
the St. Louis
San F anciaco acoulred the entire $10,000,000 outstanding stock. V. 75, p. 1088, 1148.
Bonds.- Of the 48 of 1902 (present issue limited to $8,530,000) $5,-
mempbls
INTEREST OR DIVIDENDS.
Rate
per When Where Payable and by
Outstanding
Amount
100
See text
Checks mailed.
5,000,000
4
Apr. 1, '03. 1%
100
do
Mar. 1, '03, 1%
16,000,000 See text. See text
100
....
1.^,510,000
Q.-J.
N. Y. Merc. Trust Co. Apr.l,'03, 1%
4 g.
100
10 g. J. & J.
Checks mailed.
July 1, 1942
7,070,000
100
do
do
July 1, 1942
4.143,500
Q.-J.
6 g.
1901 l,00O&c a45.663,000
4g. J. & J. N. Y., Morton Tr. Co. July 1, 1951
1902
See text
4g.
1902
i'ooo
New York.
Nov. 1, 1942
4,000,000
4 g. M. & N.
> «
K.C.F. S. &M. p'-ef. stock tr. ctls.,$l.'S,000,000,gu.
« « •
> a
C.&E.I.com.8tk.tr.cf8.,*7,2 7,^ 00,g.gu.re.p'r« ol
. - do prt-f. do $6,830,700, g.,gu.,red.par.Col
o'<fer 1,902
Refunding mort., gold, $85,000,000.
New Orl.ext. purch. mon col. tr.M. $8.7.'iO,000, g.
ColLtr.noies,*4,000,000.8ec.by St.L M.& S.E.stk.
Mo
123
BOHLKB.
g.
M.
6g.
6g.
F.
F.
6g.
J.
6
5g. A.
4g. J.
5g. A.
4g. A.
& N. N. Y., Mercantile Trust.
& A.
do
do
& A. N. Y., United States Tr.
<S J. N. Y., Mercantile Trust.
& O. N. Y., Union Trust Co.
& J. N. Y., Mercantile Trust.
&0. N. Y., MercantUe Tr. Co.
& 0.
do
do
unde rlyine b onds defoalted
Nov.
Aug.
Aug.
July
Oct.
July
Oct.
Apr.
1,
1,
1,
1,
1,
1,
1,
1.
as secnr ity. pee
1906
1919
1920
1931
1987
1996
1947
1929
t<<Tt»
struction as an extension from Oklahoma City southwesterly to
Quanah, Texas, 184 miles, of which Oklahoma City to Eldorado
Okla. Ter., 168 miles, completed. The Birmingham Belt RR., owning
16 miles of track around Birmingham, Aia,, was purchased; also the
St. Louis San Fran. & New Orleans Ry., under construction from Hope,
Ark., to Ardmore, Ind. Ter , 223 miles, of which 155 miles, from Ashrtown to Washita, operated In April, 1903. V.74. p. 11H7; V. 75, p. 75,
343 An extension is proposed from St. Louis to Shelbyville, 111., 95.
miles, at a connection with the Chic. & East. Illinois. V. 75, p 291.
The entire sto k of the St. Louis Memphis <fe Southeastern RR. waa
a quired in Nov., 1 902, the road when completed to extend from St.
Louis to Luxora. Ark., with branches, in all 420 miles, and forma
short ihroueh route from St. Louis, Memphis and Birminj^ham; also
control of the St. Louis
Gulf Ry., to extend when completed from
Cape Girardeau, Mo., eoucheily to Leechville, Ark., 120 milea, with
branch from Caligoa to Ciruthersville, 55 miles, and other branches,
etc.. 45 miles: total to be 220 miles.
V. 75, p lus7, 1148.
St.Louis San Francisco <Sj New Orleans RR was incorporated in 1903
with $11,500,000 stock, to build to New Orleans. V. 76, p. 103,332.
383, 480.
A trackage agreement ha« been maie with the Cleveland Cincinnati
Chicago
St. Louis, by which the latter will build a 50-n lie cutoff
between Hillsboro. 111., and Mitchell, near St. Louis, and the Chlo. St
E. 111. will build 20 miles from Pana, 111., to a junction with its own
main line, thus affording a through line to Chicago V. 75, p. 1087.
In Mar., 1903, the St Louis San Fran.
Texas Ry., the stock being
all owned, was authorized to acquire various controlled roads in Texas.
V. 76, p. 159. Controls Ozark <te Cherokee Central Ry. See that Co.
Organization—Organized June 30, 1896, to succeed to thepr« perty
and franchises of the Railway company soid in foreclosure and reor.
per plan in V. 62, p. 829 and 1140— see also p. 742. Central Division
of Atl. & Pac, 112 mUes, was purchased in July, 1897. V. 65, p. 150.
The St. Louis interests, including President Yoakum, James Campbell and others, are in control, a majority of the stock being trusteed
for 5 years with Union Trust Co. of St. Louis. V. 75, p. 1032. The
same parties in Feb., 1903. acquired a considerable interest in the
stock of the Kirby Lumber Co. of Texas, with output claimed to exceed
900,000 tons annually. V.76, p. 383
The Kansas City Fort Scott & Memphis Ry., extending from Kansas
City to Memphis, Tenn., with branches, a total of 854 mUes,
waa acquired in 1901; its entire stock is owned and road leased for
interest on bonds and 4 per cent on preferred stock trust certificates,
the new refunding bonds beine guaranteed, principal and interest.
See K. C. Fort Scott & Mem. In this Sdfflement and V. 72, p. 438,
532, 581, 1238. In May, 1901, acquired over 90 per cent of the stock
of the Ft. Worth & Rio Grande Ry., Fort Worth to Brown wood. Tex.,
146 miles. The St. Louis & Oklahoma City Ry.Co., Sapulpa, Ind. Ter.,
to Oiclahoma City, 103 miles, was purchased in 1899. V. 68. p, 332»
674. Control of Chicago & Eastern Illinois, 747 miles, was acquired
in Aug., 1902; see below.
Stock.— In May, 1901, an increase in the stock from $50,000,000 to
$100,000,000 was authorized ($15,000,000 of the new stock being 2d
pref.) in connection with the authorization of the refunding mortgage,
in order to comply with existing laws. V. 72, p. 723, 1081.
The company reserves the right at any time to redeem
either or both classes of its preferred stock at par in cash. Provisions
of the pref. certificates were In Supplement of April, 1897, page 6.
1902.
Dividends.—
1901.
1897
1898.
1899.
1900.
First pref erred
2 p. ot. 4 p. ct, 4 p. ct. 4 p. ot. Below. Below.
Second preferred
1 p. ct. 2p. ot. 2 p. ct. Below. Below
In 1901, on first preferred, Jan., 2 p. o.; July, 2 d. c; Oct., 1 p. o.;
1902, 1 p. c. quarterly (Q.-J.»; 1903, Jan., i p. o. April 1 p.c; on
second preferred, 1901, Mar., li^ p. c; Sept., 1 p. 0.. Dec, 1 p. c; since
to Mar., 1903, Incl., 1 p. c. quarterly. In latter half of 1901 dividends
on both preferred stocks were changed from semi-annual to quarterly
Bonds— Consol. mortgage of 1898, see abstract in V. 64, p. 186.
The reftmding 4b of 1901 are limited to $85,000,000, of which $62,500,000 were reserved to refund the underlying bonds and the remainder for extensions, acquisitions. Improvements, etc. On Jan. I,
1903, $36,623,950 of the $51,870,750 old bonds, including the entire
Issue* of the Kansas City Division (147 miles) and St. Louis Oltlahoma
& Southern Ry. (Sipulpa to Denlson, Tex., 197 miles), together with
$3,044,200 Fort Worth
Rio Grande Ry. stock, had bf^en deposited
under the mortgage; when the remaining $15,246,800 are exchanged the refunding Issue will become a first and only direct or
collateral lien on 1902 miles of road. Of the underlying bonds outstajdlng $2,050,300 (first mortgage on the line from Pacific to
Seneca and branches. In all 294 miles) mature in 1906 and $1,402,500
are subject to rtdemption at the company's optl 'n on short notice.
The underlying bonda, which have been deposited as additional security under the refunding mortgage, and which are technleally kept
alive, are as follows:
»a71.00C
A. B. 4 C. 6s of 190e
$3,539,700 Southwest. Div. 5s
1.817,000
874.C0O Cent. Dlv. 48
Mo. & W. Div. 6s
4,660,000
St. Lu W'Ch. & West. 68
1.698,000 St. L. Okla. St, So. 4s (all)
S,S24.000
Kansas City Oiv. 4s (all)
7.S8,000
TrustBgof ynSO
970,000
do
do
3s (aU)
100,000
Kt. Smith 4 Van Bur. Br, 6g..
1,249.500
Northwest. Div. 43
«,12'1,000
Gen. mort. 68 of 1»81.
«.6267ftO
Consol.
49
do
58
6,4tH,00
Tnisl5«of 1H87
660,000 BI.BQid & So.b'lg( V.Tfl.p.TOe) 4.500,000
The New Orleans extension purchase-money coll. trust 48 of '02 (au
thorized issue, $8,750,000) were used to acquire the stock and bonds
of the St. Louis San Francisco &. New Orleans (formerly Arkansas
&
&
&
&
A
INVESTORS' SUPPLEMENT.
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AND CONNECTING LINES.
RAILROAD STOCKS A^D BONDS,
Apbil, 1903.]
BAILROADS.
Miles Date
Size,
or
Amount
of
of
Par
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding
on first page of tables.
St,
Louis
Bir. Belt
106
145
le
:
st M.,
if.,
red
ly2ifl,
gu.p.ii.end.OB.c*
AV.B.Brldge 1st M.,g.,dr.at 105,guar.p.<tei.c*
Chicago & Eastern Illinois «nd Kan. City Fort Scott
Equipment notes, payable 8. a. (V. 73, p. 1310.)
Equip, notes, g.,.ser. B.,red. par.,$62,000dues.a
do
do g ser. C, due $50.<>oO semi-ann'iy
Ft. 8.
,
St.LoH. Sow/Aj^."— IstM. ctfs. ,$16,500 p. m., g.Ce.o' 1,223
2dM. 4% inc., $10.000.000,non-cum.,gold.Me.c* 1,223
Ist consol. mortgage, $25,000,000, gold. K.c*&r. 1,223
16
Gray's Pt. Term'l, IstM., gu., p.&l.e.g.SSt.o &r
13
St o&r
at.L. Troy rf .B. - 1st M. ,$600,000,«. .red.text
101
81. L. Walk. dS Onlf 1st M., $1,225,000, g. & JB.F.
8t. Paul c6 Duluth—See Northern Pacific.
56
8t. Paul Eastern <t Or. rrioiA;— IstM., g, int. gu.o'
M
8t.
8t.
81.
Paul Minn, dt iTamtoba—See Great Northern—
Paul <t No. Pacific— See North'n Pacific RB.
Paul Union D po<— Ist M., g., int. as rental
Consol. M., gold ($100,000 are 4s), int. as rental
8alt Lake ct Los Angeles— lat mort., gold. Mo. c
8an Antonio <£ Aransas Pass Stock
1st M., $21,600,000 g., guar. p. & 1. (end.).Ce.o*&r
8an Diego Cuyamaca <£ East. Ry.—lsX mort., g.Me
Sanford <t St. P'burg— Ist M.,g.not guar PeP
Do
guar, p. <fe i., end. 8. F. & W.PeP
San Fran, d No. Pacific— 1st M., gold, s. f.ITIe.o*<fer
Cal. Northw., Ist M., $2,000,000, g., gu.p.&i.,s.f.
15
—
687
25
153
153
165
60
.
San Fran. <£ San Joaquin Fa/.—See Atch. Top. &
San Pedro Los Ayi. <t
Lake— 1st M., $50,000,000
8.
1900 $500&c.
1879
1,000
1902
1,000
1885
1.000
$50,500
304.000
Santa Fe Ce»i/roi— Ist M., $2,500,000,g.PPl
Sonto J!1e Pre*. c6 P/wenw;-! St M..$5,000,000,g.ITIe.o*
$&£
1883
1,000
1880
1894
1893
1,000
1.000
1,000
100
1893
1.000
1888 500 Ac.
1894
100
1894
1,000
1889
1,000
1898
1,000
1,120,000
i98
196'2
i',oo6
1892
1.000
V. 75, p. 114>^.
Birmingham Belt RR. bonds, see V. 75, p. 1148.
General Finances.- As to new acquisitions in 1901-2 see "organlza
tlon " and "Road" above.
In Jan., 903, «7.070,000 of the *7,217,800 common and $4,143,500
of the $6,830,700 preferred Chicago & Eastern Illinois RR. stock was
1
&
acquired, the St, L.
8. F. Kiving in exchange itt? stock trust certificates
at the rate of $250 for each $100 share of common stock and $150 for
each $100 share of preteiied stock, upon which 10 and 6 p. o. dividends,
respectively, are paid, "^ee Chicago
Eastern Illinois on a preceding
page and V. 75, p. 291. 393, 1031.
Stockholders of record June 30, 1901, subscribed to $11,650,000
4 per cent gold refunding mortgage bonds of the Kansas City Fort
Scott & Memphis Ry. due 1936, guaranteed principal and interest by
the St. L. & S. i^"., and $13,510,000 in 4 per cent preferred stock trust
certificates of the K. C. Ft. S. & M, issued against the preferred stock
deposited in trust. V. 72, p, 1238. See K. C. Ft. S.
M.
EAKNIN08.— For 8 months, July 1 to Feb. 28:
Oross.
Ot/ier
Net.
Charges
Balance,
8 mos.—
earning*.
earningn.
income
<£ taxes.
surplus.
1902-3..., $21. 420,794 $8,274,453 $277,344 $6,191,869 $2,359,928
1901-2..., 18,H05,612
8,114.628
206,306
5,453,639
2,867,295
Road operated 4,301 average miles In 1903, agamst 3,928 In 1902.
Annual Report.— Report for the year ending June 30, 1902, showing operatiocs of system, comparison being made with same lines for
preceding year, was given at length in V. 75, p. 852 to 856 and 8'.: 4,
Tear ended Jime no—
1902.
1901.
Average miles
3,252
2,923
Gross earnings
$21,620,882
$19,324,279
Net earnings
8,148,410
7,914,392
&
&
197,162
Total net income
DcdMC<— Interest on bonds
Rentals of leased lines
Taxes
Miscellaneous
Dividend on Ist preferred
Dividend on 2d preferred
onK. C. Ft. S. &Mcom. stock
Expended for construction, <&c
186,808
$3,101,200
2,586,658
1,887,672
338,074
75,097
(4%) 200,000
(2«»%) 400,000
(4%) 395,920
220,619
$1,472,197
$1,997,159
Balance, surplus
B. F.
"
$8,345,572
3,191,720
2,434.069
360,759
81,546
(4%) 199,742
{i<\) 605,539
Dlv.
Officers— President.
Yoakum; VicePres, and Gen. Mgr.,
B.
L. Winchell; Vice-President and General Auditor, Alexander Douglas;
Vice-Pres. and Asst. Gen. Mgr,, O. H. Beggs; Secretary and Treas.,
Frank H. Hamilton; Comptroller, Asst. 8ec, and Asst. Treas. at New
York, C. W. Hillard. N. Y, office, 5 Nassau St.
Directors— (Apr., '03) J. A, Blair, E. C. Henderson. Mark T. Cox, H.
H. Porter, W. K. Bixby, J. S Ford and J. T, Fulton of New York;
Nathaniel Thayer, Beiy. P. Cheney of Boston, Mass.; H. C. Pierce,
Richard C. Kerens, B F. Yoakum, James Campbell, St. Louis. Execu-
A
tive Committee, James
Hi air, James Campbell, Edward C. Henderson, H. Clay Pierce, B F. Yoakum aud H. H. Porter.— (V. 76, p. 4--0,
706, 752, 811, 8i0.)
St. liouiii San Fraiu'lsco
Texai* R> .— In Mar., 1903, authority was given to acquire various roads in Texas controlled b» the 8t.
Louis
San Francisco RR., which will own the eutlre stock, includ-
&
&
ing the Fort Worth & Rio Grande, etc. The only bonds outstanding
in the hands of the pu' lie will be the Fort Worth & Rio Grande 4s,
See that company,- (V. 76, p. 159, 752.)
St.
St.
Southern RR.—See V, 63, p, 30.
lioals So ntli western Ry, — {See ilTap.) —Embraces:
Louis Slloam
&
Lines 0\\'ned—
etc
Other Lines—
Miles.
Cairo to Gatesville, Tex
Branches to Little Rock,
Shreveport, Fort Worth,
.
to
534
Miles.
Gray's Point Term. Ry
Trackage to Cape Girardeau,
723
Sherman, etc
16
120
I
Total sjstem July, 1902 ..
1,293
Of the 1,268 miles of main track, 104 Are laid with 75-lb., 1,028 with
56 1b. and the leiiiainder with 35, 55 and 60-lb. steel rails. Branch
to Dallas. 14 miles., about completed in Jan., 1903, will replace trackage, 16 miles.
6g.
A.
J.
;f.
M.
M.
J.
J.
J.
J,
8.
&
O.
&
D.
A.
<fe
&
<fe
&
&
J.
<Sz
J.
&
pal,When Due,
by Stocks— l^SkBt
O. N. Y., Mercantile Trust,
<te
&
&
Bonds— Vnnoi-
O.
do
do
do
do
do
do
N. Y., Blair
Apr.
1,
1930
Sept. 1, 19 9
Oct. 1, 1922
Apr.
& Co.
N.
N. N. Y., Central Trust Co.
J. N. Y., Merc. Trust Co.
D. N. Y., Bowl. Gr Tr. Co.
D. N. Y..B. Gr.Tr. <te St. L.
D. Miss. Val. Tr. Co.,St. L.
J. New Yorlc and London.
J.
Dividend.
1,
1910
Dec. 1S03-11
Aug 03-Aug.'12
To May 1,'12
Nov. 1, 1989
Nov. 1 1989
June 1, 1932
Deo. 1, 1947
Deo. 1, 1919
Jan.
1,
1930
Office,C.&N.W.,52Wall. Jan, 1, 1913
250,000
6 K. M. &N,
250.000 4 g.&5g. M. <fe N,
300,000
6g. J. & J
5,000.000
18,900,000
550.000
&
475,000
&
300,000
J. <fe J.
3,948,000
J. & J.
625,000
A. & O.
Jan.
Jan.
N.Y.,25Broad,<feFr'k'ft Jan. 1,
San Fran. <fe New York. Apr. 1,
See text.
See text.
4.940.000
N. Y. Mercantile Tr. Co.
N. Y., Central Trust Co.
St. Paul Trust Co.
Salt Lake City.
N. Y., Cent. Trust Co.
1 per cent pd, in 1901-2
N. y.,U. S. Trust Co.
May
May
Jan.
Jan.
July
do
do
1,
1,
1,
1930
1944
1,
1,
1,
1,
194»
1918
1924
1924
1919
1928
19i:i
Fe.
Choctaw Ry.), moi-tly completed from Ardmore, I. T., to Hope, Ark.,
223 miles, with extension from Ardmore to Lawton, a total of about
300 mUes. V. 75. p. 1087.
The $4,000,000 forty-year 4 per cent collateral trust notes of 1902
{Eastern 7"ru8t Co. of N Y., trustee) are secured by deposit of the entire
($12,500,000) St. Louis Memphis & Southeastern stock. They are subject to call at par at any time, beginniug July 1, 1904, on 30 days'
Other income
4g. A. &
6g. M.
4g. A &
1,000,000
60.000
6 g.
& Me mphis, 8 ee those com panies
1901 5.000&C
1,179.000
4
1902 4,000&c
1,240,000
4 St.
1902
9l 0,000
4 g.
1890
1,000
20,000,000
4 g.
1891 SOOifec.
4
3, 272..500
1902
1,000
12,054,750
4g.
1897
1,000
3 H 9, 000
1899 500 &o.
600,000
6 g.
1902
983.360
5
•<
notice.
As to
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Whom.
Cent.
Payable
& fan Fran.— (Coflfludefl) —
N.W. Dlv.M.(Wicli.to EUsw.), 5!l,300,000,g.Co.C*
o*
8t. L. Wlon. <fe W. Ist M.. red. at 105, gold
\9S
V, 76, p. 159.
Organization.- Reorganization per plan in V. 50, p. 141, 561 of St.
Louis Arkansas & Texas, sold in foreclosure in October, 1890. Consists
of two corporations— the St. Louis Southwestern Railway Co., and the
8t, Louis Southwestern Railway Co. of Texas.
V, 69, p. 646,
Stock.— Stock issued, common, $16,500,000; authorized amount in-
creased in 1902 to $35,000,000; pref., 5 p. c. non-cum., f 20,000,000,
of which in treasury June 30, 1902, common, $143,900; preferred.
y
$106,350. Par of shares. $100.
,-*'.,
5
5
g.
K.
1942
M.
8.
<fe
Sept.
1.
1942
—The first
mortgage certificates are issued against a like
mortgage bonds secured upon the constituent lines at
a rate not exceeding $16,500 per mile, and the second mortgage certificates against second mortgage bonds at $8,250 per mile.
The first consols of 1902 (authorized issue $25,000 OOi)), are secured
by all the property of the company, subject to the prior outstanding
bonds. Ot the amount $6,000,000 were issued to retire $1,700,000
equipment bonds and other capital requirements; $9,000,000 were
reserved to retire by exchange the $10,000,000 second mortgage
Income bonds (of which $6,727,500 had oeen acquired in July, 1902),
and the remaining $10,000,< 00 are eserved for the acquisition of
branch Hues at not over $20,000 per mile, a" quisitions and improveBonds.
amount
of first
i
ments, (V. 75. p. 136.) See V. 74, p. 328, 578, 630, 831; V. 75, p. 790.
Gray's Point Terminal guaranty in V. 69, p. 1062. St. L. So, W. owns
all stock and leases road for fifty years,
(V. 65, p. 413.)
EARNING8.-6 raos., ) 1902
Gross, $3,863,487; net, $1,204,379
July 1 to Deo. 31, 51901
Gross, 3,848,831; net, 1,154,640
Annual Report,- Annual meeting is held at St. Louis, Mo., on the
Irst Tuesday in October, Report for 1901-02 was in V. 75, p. 790.
1902.
1901.
1900.
1899.
rear ending June 30—
tfross earnings
$7,267,260 $7,387,174 $5,908,284 $5,862,338
4,156,073 4,209,088
Operating expenses. .. 5,173,066 4,632,892
Net earnings
.$2,094,194 $2,754,282 $1,752,211 $1,653,250
(70-34)
P. 0. op. ex. to earns
(71-18)
(62-72)
(71-80)
rot. net, tncl. other inc. $2,183,213 $2,836,478 $1,847,896 $1,737,708
151,567
133,495
raxes
195,619
155,771
800,000
800,000
[nt.onjlst & con. morts.
814.848
800,000
Int. on 2d mort. bonds
360,000
180,000
400,000
380,000
204,889
171,061
Equipment payments..
385,413
258,825
66.907
61,148
44,536
Rentals, etc
59,143
Bal. over all paym'ts
$3i«,190 $1,174,974
$270,292
$408,617
Officers.- President, Edwin Gould; Vice-President and General
Manager, F. H.Britton; Treasurer, Ki. K Warner; Sec, Geo. Erbelding.
Olrectors.— Edwin Gould, Irvineton.N.Y.; R. M. Qallaway, Thomas T. Eckert,
Winsiow S. Pierce,
William., H. Taylor and Albert L jeb. New Turk; Murray
~
Carleton, F.H Brittou and Charles
Parsons. St. Lonis.
Office, 195 Broadway, New York.— (V. 75, p. 1204; V. 76, p. 159.)
. .
.
-
St. Liouis Terminal Depot Co.— V. 75, p. 186.
East St. Louis, 111., to Troy,
St. lionls Troy «k Eastern
111., with branch, 1 mile, to ColUnsvilie, 111; t >tal, 13 miles of road
all
miles
outstanding: par of shares,
(26
of track)
Stock, $350,000,
.*100
Bonds are subject to call at p<r after 1904. Pres., Edwin H.
CJonrades; Sec. and Treas., Julius L Winkelmeyer. Office, 314 North
4th Street. St. Louis, Mo —(V. 70, p. 126.)
Terre Haute
See July, 1902,
St. Loaltt %'andalla
Supplement and V. 75, p. 667, 734, 1303.
OulfRF.— Lake (Tharles to Alexandria,
St. Louis iVatklns
La., 98 miles, with two branches aggregating 3 miles; total. 101 miles.
Gulf RR., sold In
Successor on May 24, 1 902, of Kan Citv Watbins
foreclosure on March 24, 1902. V. 74, p. 630, 681. Stock author
ized, $1,225,000; present issue,$993,360; par of shares, $20. Bonds authorized, $1,225,000; present issue, $983,360, consisting of $500,000
in ,$500 bonds and ijl00,700 in £100 bonds, valued at $4 87 per £.
President, J. B. Watkins; Sec. and Treas., J. S. Thomson, Lake Charles,
La. Directors, V, 74, p. 680. - (V. 75, p. 291.)
St. Paul.— See CJhicago Milwaukee & St. Paul.
RR.—
RR.—
&
&
&
St.
Paul & Duluth
RR.— Purchased July
-(V. 70, p. 126, 895, 947, 1096, 1-250; V. 71,
1, 1900,
p. 30.)
by North. Pac.
Paul Eastern Orand Trunk ttr.—fSee Map Chicago tt
W.)—OvraB from Oconto to (Tlintonville, wis., 56 miles. Leased
Oct. 30, 1884, for 99 years to Milwaukee Lake Shore & Western.
Rental 30 per cent of gross earnings, Interest on bonds being guaranteed.
Lease acquired Aug. 16, 1893, by Chicago & North Western
through purchase of Milwaukee Lake Shore & Western.
St. Paul Ac \ortliern Pacific Ry.— Merged in Nor. Pao. RR.
(Tli«>) St. Paul Union Depot ro.—Owns Union Passenger Station
St.
If.
with 8-76 m. of track (additional tracks being put in July, 1902), the
stock being increased from $350,000 to about *1,000.000 lor improvements In progress; owned equally by the following:
Great Northern, Northern P.iciac, Chic. St. Paul Ml'in. & Omaha. Chic, Mil.
St. Paul. (^htc. (Jreat Western, Chic. Bar. & Quincy. Mlun. St. Paul & S. Ste.
Marie, Mmn. & St. Lou's ana the Chic. K. I. 4 Pac.
Authorized stock, $1,000,000. Rental covers interes t on bonds and
4 per cent on stock since May i, 1902; from 1890 to May, 1902, 6
per cent dividends were paid. Year ending Dec. 31, 1902, gross, $163,082; net, $22,600; other income, $26,105; int. on bonds, $26,500; construction advances, etc., $7,837; dividends, $14,36S. Pres.,
;
Vice-Prea.. Tho nas Cooper; Treas., H. P. Upham; Sec., W. G. Johnson.— (V. 74, p. 1090.)
Road from Salt Lake to SaltSalt
Sc Los Angeles
atr Beach, Utah, 15 miles, standard gauge— see V. 65. p, 824. Stock
&
RR.—
Lake
For year
$150,000.
In 1901 $300,000 first 6s were outstanding.
ending June 30, 1901. gross, $52,688; net, $22,835, against $19,506 in
1899-00; other income, $6,024; charges, $19,836,— (V. 65, p. 824.)
Aransas Pass Ry.— Owns from Kerrvllle to
San Antonio
Houston, 308 miles; Kenedy to Corpus Christi, Tex., 90 miles Yoakum to Waco, 171 miles Skldmore to Alice, 43 mUes, Shiner to Lookhart, 54 m.; branch, 21 m.; total, 687 m., aU 50-lb. steel.
&
;
;
mYESTORS' SUPPLEMENT.
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THE
MAP OF TUm
MAJ:'
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Corb'usiChristl
V
ST. LOUIS
SOUTHWESTERN
RAILWAY.
April,
RAILROAD STOCKS AND BONDS
1903.]
KALLROAUB.
on first page
Santa Fe Pre*,
dt
of tables.
Phoenix— {Onn )— 2d M.. gold.Ce
& East.,
&
of
O'^tstanding
Road. Bonds' Value.
198
gu.Ce
26ifl
aaranac dt Lake Placid^lst M., $120,000,g., Ce.o*
2d mortgase, $24,000, Ce
10
10
Frescott
Saratoga
di
Ist M., $375,000, p.
1.
Hcheneclady— Stock (rental giiarant'd)
Cent.
1893 $1,000 $2,964,000
5 g.
1898
1,000
375,000
5
1893
1,000
120,000 5 (6) g.
1896
500
24,000
5
100
450,000 7 per an.
1887
1,000
900,000
5g.
RR.
1902 l,000&ci
600,000
4g.
1874 100 &0.I
500,000
6
'iH
Bxvannah Florida <t fTes/'/i— See Atlantic Coast Line
Savan'h Union Slat. Oo.-lst M., $600,000. g.WIo.r
"l4
Schenectady dt Ihianesb.— Ist mort., interest guar..
Schuylkill <t Junialor—See Pennsylvania RR.
44
Schuylkill d Lehigh— 1st M., guar, by Read'g Co...
Schuylkill Valley Navigation <t iJK.—Stock
Seciboard Air Line J?(/.— Stock, com., $37,500,000..
Preferred stock, 4 p. c, non-oum., $25,000,000..
c<fcr
Ist M., $75,000,000. g. (see text). Co
Col. tr ref. M., g., $10,000,000, red. at 105. Ce.o*
New ist m'TCKagc. $6,000,000 (see text)
Ba
All
due quarterly
do
(V 74, p. 380)....
do
Equlpm't mort., gold. ser. C, due quarterly G c*
OLa> iiOAN8,excludlng amounts Opledged uude
trust,
g.
History.— Reorganized without foreclosure sale In 1893, management passigig to 80. Pac, which owns $2,000,000 stock.
BONDS.—Mortgage Is for $21,600,000 (trustee. Central Trust Co.)
and the 80. Pacitlc Co. by endorsement on each bond guarantees unconditionally "the punctual pa.yment of the principal and interest."
Bonds for $2,700,000 reserved for extensions, Umited to 100 miles
See full abstract of mort. in V. 56,
at $27,000 per mile, equipped.
p. 540. Due South. Pacific Co. June 30, 1902, $1,927,113.
Earnings.- 8 mos., > 1902-3
Gross, $1,744,160; net, $431,912
Gross, 1,748,777; net, 518,689
July 1 to Feb. 28. 5 1901-2
Annual Report.—Fiscal vear changed In 1897 to end June 30. Re
port for vear to June 30, 1900, was in V. 72, p. 627. In 1901-2, gross.
interest on bonds,
$2,547,166; net, $644,669; oth. income, $1,745
etc., $1,022,995; balance, deficit for year, $376,531.— (V. 73, p. 1011
;
San Antonio & Gulf RR.— San Antonio to Stockdale. 37 miles
Stock authorized. $1,000,000, Issued Apr 1902, $32,000. Bonds au'
thorized, *250.<>00. In March, 1903, foreclosure was pending. V.76,
p. 543. For year ending June 30, 1902, gross, $69,548; net, $31,361;
deductioro, $'.^0,583; bal., sur., $10,778. President, George W. Brackinrldge; Secretary and Treas.. John A. Eraser, San Antonio, Tex.— (V.
.
&;*t. PetersbnrgRy.— (Sec JlTapii*?. Coast lAne Jtn.)
—From Sanford, Fla., to St. Petersburg, 153 miles. Formerly Orange
Belt Railway, which was sold at foreclosure in March, 1893. Stock Is
$600,000 par, $100. First mortgage is for $1,000,000 of 4 p. o. bonds,
Uiterest reduced from 5 p. c, of which $775,000 have been Issued, and
of these $300,000 are guaranteed principal and interest by end. of
the Sav. Flor. & West, (see copy of guaranty in V. 64, p. 843), the guaranty being practically accepted by the Atlantic Coast Line RR.. the
successor of the latter. V. 75, p. 78. The balance of the loan unissued
($225,000 Oct. 1, 1902) is deposited with the Metropolitan Trust Co.,
New York, for improving, equipping and broad-gauging the road.
For year 190102, gross. $140,471; deficit under operattng, $795.—
(V. 75, p. 78; V. 76, p. 49.)
Sanford
;
& North Pacific Ry.—Point Tibnron, Cal., to
106 miles, and branches, 59 miles. Consolidation of March
Has steamer connection (6 miles) with San Francisco.
19, 1889.
Leased to the California & Northwestern Ry., Incorporated in March,
1898. The 8. F. <fe N. P. guarantees $2,000,0()0 Cal. & Nor. 5 per cent
bonds, to be issued at $25,000 per mile. V. 67, p. 370, 688, 788. Stock
issued. $6,000,000; par of shares, $100.
Bonds.- Issued at $25,000 per mile; sinking fund, $25,000 yearly,
bonds drawn at 110 and Interest. [Mortgage abstract V. 49, p. 241.]
Latkbt Earnings.—For 8 months ending Feb. 23:
Oross.
Net.
Charges.
Bal., gur.
8 mot.
$7«,R80
1902-3
$875,682
$257,380
$180,800
1901-2
761,243
238,559
182.167
56,392
Annual Report.— Report for 1901-02 in V. 75, p. 664, showed gross,
$1,132,579; net, $308,265; charges, $224,493; bal., surplus, $83,772
In 1900-01 gross, $1,039,000; net, $337,579.— (V. 75, p. 136, 664.)
San Fran. Sc San Joaqnln Val.—See Atoh. Top. & Santa Fe.
San Francisco
Cal.,
San FranclHco Terminal Rjr. & Ferry Co.—V.75, p. 499,1303;
V. 76. p. 332,
f.66.
San Pedro
I.0R
Aneelem
Lake
&
Salt
Lake Ry.— Protected
from
City, Utah, to the Pacific coast, nearly 750 miles of main
line, with branches, making an agjrregate of about 1,100 miles, the
Los Angeles Terminal Ry., 51 miles, bemg acquired, and was formally
merged about Apr. 1, 1901, as a part of the new line. In Nov., 1902,
112 miles were completed at the western end of the line, of which Los
Angele« to River»ide. 38 m., was operated in Mar , 1903.
In April. 1903. portion of Oregon Short Line (Union Pacific system)
extending from Salt Lake City to Calientes, Nev . 340 miles, and some
branch mllenge. was purchaat- d. This leaves about 400 miles to be
constructed westwardlj" f lom Calientes to complete the through line.
President W.
Clark owns control. V. 75, p. 907: see V. 74. p. 269;
Salt
A
V.75,
p. 11 4'<,
1204
Stock author1zed,*25,000.000; issued, July,1902, $2,501,600. Bonds,
$20,000,000 fours, of which $2,500,000 issued to acquire Los Angeles
Terminal Ry., together with $2,500,000 stock. In April, 1903, a new
$50,000,000 h. nd issue was made, the present Issue to be $35,000 000, remainder for extensions and Iniprovements. In Jan., 1902,
$6,000,000 ha<t been paid in by subscribers to stock. V. 74, p. 95.
For year ending June 30, 1902 (49 miles), gross. $268,374; net, $89.913. Fresirtem, W. A. Clark Secretary, i'. F. Miller
Treas., W. H.
Leete.—(V 74, p. 95,269, 938; V. 75, p. 794, 907, 1148, 1204.)
;
;
San Pete Valley Ry.—Nephl, Utah, to Morrison, 51
M.
M.
J.
J.
miles; (Juarry
Branch (opened Am;., 1899), Nephl to Cooper, Utah, 5 miles; total, 56
miles. Stock. .$510,000; par ot shares, $100. Bonds, «.565,000 Ist
gold 4b, dated 1894, due 1923, Interest J-J, and $250,000 2d mort. 4s,
dated June 1, 1895, due 1921, interest J-J, Farmers' Loan A Trust Co..
New York, Trustee. Year ending June 30, 1902, ctoss. $20,091; def.
anderoper.exp..$6,326. Theo. Bruback. Gen. Mgr., Salt LakeC:ity,Utah.
Santa Fe Central Ry.— Under construction from Santa Fe, N.
M., south to Torrance, 117 miles, to be completed early in 1903.
Branch from Moriarlty Jet. to Albuquerque. N. M.. 47 miles, is reported to be proposed Incorporated In July, 1901. Stock authorized,
<S2,225,000. Of the bonds, $2,000,000 are issuable at once, and the re-
A.
M.
July I, 1943
do
do
Apr. 1, 1928
N. N. Y., 21 Cortlandt St. May 1, 1913
N.
do
do
May 1, 1913
J. Troy, United Nafl Bk. Jan.l5,'03,3i«
N. Y., 44 Wall St.
July 1, 1937
J.
O.
O. N. Y, Standard Tr. Co.
8.
61
N.
Y„
21 Cortlandt
&
&
N. PhUa. Phil.
A.
&
M.
<fe
O.
N.
6
J.
4i«g.
J.
4I4
,
&
*
&
&
&
&
&
&
&
F.
J.
J.
M.
A.
J.
1,
Sept. 1,
A Read.RR. May
1,
1952
1924
1948
PhUa., Read'g Term'l. Jan.13,'03, 2i«
N. Y., 15 Wall Street
New York.
Apr.
May
1,
1,
1950
1911
Mar. 1. 1933
ToJulyl,l91«
do
A.
Aug'03-Fb.'13
J.
New
J. Bait.,
J. N. Y.,
Farm.
York.
Mer. Tr.
J'ly '03-Ap.'13
& D.
& T.
& D.
Co.
Co.
Co.
1920
1, 1949
Nov. 1, 1928
do
do
1917
O.
J. New York, 15 Wall St. July 1. 1918
J.
do
do
Jan. 1, 1930
do
J.
do
Jan. 1, 1943
O. N.Y.,15WallSt.,orBalt. Apr. 1, 1941
J. New York, 15 WaU St. Oct. 1, 1945
New York.
D.
Deo. 1, 1948
J. Bait., Mer. Tr. dc D. Co. July 1, 1929
JO.
N. Bait., Mer. Tr.
&
J.
J.
Apr.
St.
J.
«fe
J.
Stocks— La,&t
Dividend.
&
&
&
Jan.
maining $500,000 after Jan 1,1904, for improvements and extensions.
President, H. H. Andrews; Secretary, J. E. Saint; Treasurer, J. T. McLaughlin, Albuquerque. N. M.— (V. 75, p. 186.)
&
Santa Fe Prescott
Phoenix Ry.—(See Map Atchison To.
pekadt Santa Fe y— Owns Ash Fork, via Prescott, to Phoenix. Arizona,
195 miles; opened in March, 1895. P. & E. Jet. to Mayer, Ariz., 26-4
DQ. buUt under charter of Prescott & Eastern, was completed in Oct.,
1898, and is leased for 99 years and its $375,000 bonds guaranteed.
B-^anch from Huron. Ariz to Big Bug mines, 8 miles, completed Apr.,
1902; extension under way from Mayer to Crowned King mine. 27
miles, of which 16 miles completed Apr., 1903; total, 245 miles.
Stock, $7,903,000. The road is lax exempt by legislative enactment
for 20 years from 1891. The Atch. Top. & 8. Fe took possession Nov. 8,
1901, having acquired $2,963,000 of the second mortgage bonds and
all of the stock.
Hee otticlal statements, V. 73, p. 898; V. 74, p. 150;
V. 68, p. 326; V. 75, p. 680.
Report for 1900-1 was in V. 73, p. 954, showing:
,
—(V. 73,
$1,050,035
956,624
p.
Lake
$617,950
525,711
781, 844,900,954; V. 75,
& Lake
Rental.
Net.
Oross.
Texirs.
1901-2
1900-1
Saranac
64, p. 708; V. 69, p. 591; V. 76, p. 543.)
Uklah,
N. Y., Central Trust Co
J.
&
&
&
&
&
&
A.
4g. 8emi-an
r cons
Carolina Central old bonds, non-assented
l8toon8ol.M.,$3,000,000,gold, gu.p.&l.end.F 267
Durham & Northern, Ist mort., $150.000.MeBa
42
32
Roanoke & Tar River, $260,000. TieBa
575
Flor. Cen. & Pen. 1st M. $5,226 p. m., gold Ce.o*
666
2d M. (Ist on ext., 92 m.) $5,226 p. m., gold. A.
780
Consol.M., $7,800,000 ($10,000 p.m.), gold.G.c
South Bound 1st M.,gold, int. rental. Me Ba.c* 136
400
Qa. & Ala.. Ist M., con.. $10,000,000, e;.BBa..o'
Ga.&Ala.Term.Co.,l8tM.(callatll0),euar. p.&I.
Qa. Carolina & Nor., Isi M., g., guar.Me
268
a Including $140,200 bonds held alive in sink Ing fa nd.
BaC.
&
J.
J.
J.
votln g trust.
votin s trust.
5
Payable, and by
Whom.
M.
4
5
600.000
50
576,050
100 29,000,000
100 19,400,000
1900 l,000&c 12,775,000
1901
1,000 10,000,000
1903
See text.
190O
5,000
2,113 767
1902
1,000
613,000
1903
1,000
1,605,000
olldat ed mort gage.
•81-'94
1,000
115,233
1898
1,000
3,000,000
*100,000
1888
1887
*5S,000
1888
1,000
3,000,000
1890
1,000
410,000
1893
1,000
4,372,000
1891
1.000
2,033,000
1895
1,000
5,405,000
1898
1,000.000
1889
i'.obo
5,360,000
1,000
HuilAJla— PriuOlpal,\^'^)enDue.
Payable
i
1898
OR Dl VLUJiNUa.
When Where
Rate per
I
SauU Ste. Marie Bridge— 1st M., g.,s.f.,dr'n at 110.
Equipment
INTJiRiiST
Miles
or explanation of column headings, &o., see notes
i2r
Placid
Interest.
$17,912
17.637
$395,523
395,621
Bal., sur.
$204,515
112,453
p. 667.)
RR.—Owns
from Saranao Lake to
Placid, N. Y., 10 miles operates tinder contract N. Y. Central"
Saranao branch, 5 6 miles; total operated, 156 miles. December 19,
Iron Cos.
1896, leased to Chateaugay RR. and Chateaugay Ore
lointlv for 17 years, and interest on bonds reduced from 6 to 5 p. 0.;
profit
rental 35 per cent of its gross receipts aad one-half net
from
transfer business at Lake Placid— at least $7,200 to pay 5 per cent
Interest on bonds, which interest is guaranteed Jointly at 5 p. 0. to and
;
&
—
Including Nov. 1, 1913, by endorsement. Operated by Delaware <fe
Hudson Co. since Jan 1, 1903, under temporary arrangement. V. 76,
Dividerids.-lii 1893, 3 p. c; In
p. 103. Stock, $250,000 (par $100.)
1894, 2 p.c; In 1895, 2 p. c; none since to Oct. 1, 1902. For 1901-02,
rental, $9,048.— (V. 64, p. 182; V. 76, p. 103.)
Saratoga to Schenectady, 21
Saratoga &, Schenectady^
miles. Leased in perpetuity in 1861 to Rensselaer & Saratoga and
lease assigned to Del. & Hudson Canal, by which It Is operated.
Rents I, $31,750 per year. Stock, $450,000. Dividends, 7 p. 0. yearly.
Sai It Ste. ITIarle Bridge.—Own Sault Ste. Marie Bridge, including 6 421 feet of main track. The Canadian Pacific. Duluth South
Shore & Atlantic and Minneapolis St. Paul & Sault Ste. Marie RR. cos.
agree to pay for use of bridge an amount equal to operating expenses,
and interest and sinking fund of debt. Mortgage, $1,000,000; sinking
fund. $5,-500 yearly.
Stock. $1,000,000.
Savannah Florida Western Ry.— Consolidated on July 1,
1902, with the Atlantic Coast Line RR.— (V. 75, p. 31.)
RR.—
&
Savannah Union Station Co —Owns anion passenger station
and terminal at Savannah, Ga., with 8 miles of track. Leased by the
Southern Ry., Savannah Florida <fe Western (now Atlantic [Coast Line
RR.) and Seaboard Air Line Ry., which own the $300,000 stock, the
rental providing for interest and sinking fund on oonds, maintenance,
etc. President. W. W. Mackall; Treas., Savannah Trust Co.; Secretary,
W. V. Davls.-(V. 71, p. 343. V. 74, p. 1039, 1253.)
Savannah Sc Statesboro Ry.—Owns Ouyler to Statesboro, Ga.,
34 miles; trackage, Cuvler to Savannah, 21 miles. Extension was proprosed from Statesboro to Swainsboro, 20 miles. Stock authorized,
The shareholders on Dec. 20, 1902. authorized a mort$300,000.
gage to secure $500,000 50-year 5 p. c. bonds; Savannah Trust Co.,
trustee; $160,000 issued Apr., 1903. and old 6s retired. V. 75, p. 1303.
Year ending Deo. 31, 1902. gross, $38,204; net. $14,889. Pr»-8ident,
Cecil Gahbett. Savannah; Treas. and Sec, W. T. Dante, Washington,
D. C. Office, Statesboro, Ga.
(V. 75, p. 1303, 1401; V. 76, p. 213.)
Schenectady
&.
Duanesburg.— From Quaker
Owned by
N. Y., to Sohenectadv, N. Y., 14 miles.
Hudson Co. Stock, $100,900.
Schuylkill
Schnylblll
Street Junction,
the
Delaw are &
&. Jnniata RR.—Merged In Penn. RR. April 1, 1902,
& Lehigh RR.—Owns from High's Farm, near Read-
ing, Pa., to Slatington, Pa., 44 miles. In 1883 leased to Phlla. <fe Reading RR. for 999 years and In 1896 lease assumed by Phlla. <fe Reading
Ry. Rental, $27,000 yearlv. Reading Company owns stock ($600,000),
of which $598,000 is deposited under its general mortgage of 1897.
Port Carbon to ReevesSchnylklll Valley Navigation Sc
dale, Pa., 11 miles; 2d track, 5 m; branches, etc., 1141 m.; total track,
28 miles. Leased July 25, 1861, for 999 years to Phlla. & Reading RR.
Lease assumed in 1896 by Phlla. & Reading Railway Co. Rental
$29,450, which pays 5 p. c. on stock and State taxes.
Seaboard Air Line Ry.— rSc« Map.>—Th\s company owns a
line from Richmond, Va., to Atlanta, Ga., and Tampa. Fla., etc, viz.:
Proj)riKlary Ltnes.
Miles
Miles
Lxnes mened in fee
81
Rlchmo'd, Va..to Savannah, Ga.502 Port«m'th.Va.,toWeldon,N.C.
Jacksonville, Fla., to Tampa,
Wilmington, N. C, to Atlanta,
Cedar Keys, Chattahoochee
Ga ..
437
River, etc.
896
Savannah.Ga to Montgomery,
Trackage
61
Ala. (58 miles trackage de280
ducted)
Total sys. (see V. 74, p. 773). 2,611
354
Other lines.
The proprietary lines Include Roanoke Tar River RR. stock all
Roanoke RR. (94 p. 0. of stock owned).
owned), 32 miles: Seaboard
81 miles: Florida Central & Peninsular RR. (99 p. c. of stock owned).
RR.—
,
&
:
&
IN V^ESTORS'
Ifiii
MAP OP THE
SEABOARD AIR LINE
COMPANY
SUPPLEMENT
[Vol.
LXXVI.
KAILROAD STOCKS AlO) 60ND&
April. 1903.]
KAILKOAUH.
MUes Date
size, or
Amount
of
of
Par
For explauaQon of oolumn headings, &c., see notes
Road. Bonds Value. Outstanding
on first page of tables.
Bonds — Prlnol
INTEREST OR DTVIDENDS.
pal.When Due.
Rate per When Where Payable, and by StocI s— Last
Baleifirh
Ralelgli
Seab.
&
&
& Roanoke— 1st M. $2,500,000.MeBa.o"&r
107
"si
Debent. $690,000, to be secured by any 2d M.r
Car and equipment trusts
Shamoitm Sunbury Lewisburg—lBt mort
«fi
c*<fcr
2d mortgage, gold
c*
Shamokiti Val. & Potlsville—Btoc'k, guar, by No. C.
1st M., $2,000,000. g., sink, fand (not drawn). o*
Maron— Stock ($800,000) 6 p.c, guar, by rental.F
Sharon, let M., g. (Sharon to Pymat., etc.)
F
New Castle & Shenango Valley— Ist M., int. gu.
8/ireveport <fi Red River Valley— IstM.., g.,text.V.c*
Sfiaicnee Oklahoma <£• Missouri Co%l <£• Ky.—See Oz
Sierra Ry. (of Oal. )—lBt M., gold
..
Sierra Talleys—lBt M. (Cal. Safe Dep. Co. trustee)
Silver Spr. Ocala <£ Chulf—See Atlantic Coast Lin
Bkaneateles TiJe.— Ist mort., $100,000, gold.Usm.
Somerset Raihoay —Ist mortgage
o
Consol. mortgage, $420,000, gold
South Carolina Pacific— let M., cur., int. rental...
So, Georgia <£ TFe»< (7oa«<— Mortgage, $250,000, g..
Ho. <£ No. Alabama— iBt M. (to be pd. May 1, 1903)
2d mort. gold, s. f. $2,000,000 (owned by L. & N.)
Consol. mort (for $10,000,000), eold, guar.Ce. .c*
a Mo.BHdpe— iBtM., 93,000,000. g.Me
South'n Indiana— Iht M., gold— See text. .EC. ..c*
South Pac. Ooosf— l8tM.,g.,gu. (s. f. 1912)
F.c
Southern Pacific OOJfPAiVr- 8tock($200,000,0U0)
31
31
38
38
33
16
17
150
AKK&
77
31
1882
1890
1,000
1,000
1961
50
1,000
1889
1887
1900
1,000
1,000
1,000
ClIER
OKEB C
1897
1895
1,000
1,000
50
5
42
42
10
189
189
189
150
104
•
•••
>.•
Dominion Steamship Co.
In 1902 the East & West RR.. CartersvlUe, Ga., to Pell City, Ala.,
117 miles, with Branch to Jacksonville, Ala., 3 miles, was acquired,
a new line from Birmingham to Coal city, 39 miles, and one from
Rockmart to Howells (3 miles from Atlanta), 42 miles, being under
construction, forming a through line from Atlanta to Birmingham.
V. 76, p. 489, 706.
Organization.—An amalgamation in 1900 of various "Seaboard"
lines, including those whose securities are shown in the table above;
these lines were subsequently (except 977 mUes) absorbed by absolute
was incorporated with $5,000,000
Stock.— Authorized $62,500,000, of which $25,000,000 pref.; outstanding Jan., 1902. common, $29,000,000, and pref. $19,400,000.
Bonds.—The 4s of 1900 are a first lien on about 350 miles of road,
including 102 miles of main line from Richmond to Ridgeway and 106
miles from Hamlet to Columbia (subject only to $155,000 prior Hen
bonrls on two branches); also a direct mortgage on the whole 1,673
miles of consolidated road, subject only to $18,098,000 nrlor lien outstanding bonds thereon (or an average of about $11,500 per mile) and
a consolidated collateral lien on the remainder.
The 4s of 1900 have been Issued, pledged or reserved as follows
Total authorized issue In no case to exceed
$75)000,000
Of which outstandinif
19,776.000
Deposited to secure tneHO.OOO.OOO ooll.tr ref. 68
Keserved to retire at maturity, dollar for dollar, all the underlying bonds on the various divisions of the system
Issuable only after July 1, 1903, for additional properties, improvements, extensions, etc., at not exceeniug $l,500,ou0 for
four rears and tl, 000,000 per annum tiereafter
20,000,000
29,725,000
12.500 000
The
collateral trust refunding sold 58 of 1901 will be secured by deposit with the trustee of $20,000,000 4s of 1900 and were applied to
fund the $3,400,000 6 per cent certificates (V. 70. p. 842), called for
payment on Aug. 28, 1901, to purchase a one-fifth interest in the road
from Richmond, Va., to Washington, D. C, and minority stocks of subsidiary lines, and to provide for retirement of maturing car trusts,
floating debt, future betterments, etc., and to retire the collateral trust
58, due Oct., 1902. (V. 71, p. 69^), for which an equal amount of collateral trust 5s are reserved. V. 72, p. 1280. The $2,483,000 Ga. &
Ala. 5% preference bonds were paid Oct. 1, 1901, and the $1,323,000
coll. tr. 5s on Oct. 1, 1902.
new first mortgage, securing $6,000. OoO bonds, will be issued on
line between Atlanta (4a., and Birmingham, Ala. V 76. p. 7<>»>.
The series C equipmenttrusts Tiiature $42,000 quarterly from July
A
1903. to Apr. 1, 1908, thereafter quarterly $39,000 each July and
$38,000 each Jan., Apr. and Oct. to Apr., 1913. V. 76, p. 866.
(+ENERAL Finances.—Capitalization per mile is reported as $19,380
bonds, $6,560 preferred and $11,450 common stock. Interest on bonds
and rental charge for year 1902-3 (not allowing for equipment trusts
Issued since June, 1901), about $2,525,000. See V. 72. p. 1281; V. 74,
p. 774. In Feb., 19C2, issued $700,000 equipment trusts. V. 74, p. 328.
Latest Earn.— 8 mos.,) 1902-3. .Gross, $8,272,200; net, $2,182,593
July 1 to Feb. 28.
$ 1901 2.. Gross,
7,512,593; net, 2.350,999
Report.— Fiscal year ends .Tune 30. Report for the year ending
June 30, 1902, with bal. sheet at length, was In V. 76, p. 476, 489.
See also editorial, p. 457.
Tear ended
1.
/
>
yww.e30,1902. .^Mnc30, 1901.
$i0,42(i,279
Gross earnings from railwaj^s.
$11,068,478
502.-; 72
Gross earnings from water lines
511.337
Total gross earnings
$lo.92n.051
$11,579,«15
Net earnings, including other Income
$3,471,553
$2,820,073
Deduct— interest on bonds
$2,481,400
$2,254,889
Other interest
110,901
177,117
Rentals and miscellaneous
68.408
58,995
Balance, surplus
$820,257
$329,659
Officers.- President, John Skelton Williams; Vice-President and
Gen. Mgr., J. M. Barr; Secretary, D. C. Porteous; Treas., John H. Sliarp.
Ulrectors.— John Skelton Willlamo, Kichmond. Va.; Jas. M. Barr, Portfmomh.
Va.; K. B. Addisoa, of Richmond. Va.; J. W. Mid'lentlorf, Wm. A. Marburg. S.
Davles Warfleld and Robert C. Davidson, of Baltimore. Vift.; Geo. W. Watts.
N. C; James H Dooley. Richmond, Va.; F. R. Pemberton, Krnst
Thalmann. New York; C. Sidney f«nepard, of New Haven. N. v
office, Richmond; N. Y. office, 15 Wall St
(V. 76, p. 706, 866.)
Durnam
—
Mam
Seaboard & Roanoke RR.— See Seaboard Air Line Ry. above.
eeattle & San Francisco Ry. Oc Navigation.— Organization.
—Incorporated in March, 1899, to own 1,931 acres of coal lands 25
miles southeasterly from Seattle, Wash., 24 acres of terminal and dock
property at Seattle, etc.; also steamship lines and 35 miles of railroad
If built.— V. 68, p. 929. V 69, p. 386. 852. In Aug., 1902, the Northern
Pacific acquired control. V. 75, p. 291.
.
&
J.
J.
5
P.
m!
& N.
&
&
&
&
&
&
&
J.
t'-
F.
3i2g. J.
M.
6
4^2 g.
6
4
g.
g.
6g.
6
J. Bait., Merc. Tr.
do
J.
do
J.
&
&
&
J.
6
J.
.1.
.1.
5
5
6
41a g.
Phlla., Phil.
& D. Co.
do
do
do
do
A. Phlla., Broad
St. Stat'n
do
do
Sharon, Pa.
J.
S.
Jan.
Jan.
July
N. Y.,U.
Oakland, Me.
Boston, Nat. Shaw. Bk.
Fayetteville, N. C.
N. Y. & Quitman, Ga.
Boston
S.
&
Lon.,Bar.Bro8.&Co.,L'd
N. Y. Of., 120Broadw'y
N. Y., Office, 120 B' way.
N. Y., Mercantile Tr.Oo.
N. Y., Phenlx Nat. Bk.
N. Y.. S.Pac, 120 B'way
3%
1,
1,
1,
1919
1917
1950
1915
July
July
Oct.
Jan.
May
Apr.
Aug.
Nov.
Feb.
July
&'d. let coup, paid Dec.1899 Aug.
Jan.
J. N. Y., 120 Broadway.
D.I
do
Deo.
do
J.
J.
J.
1912
1925
Apr. 12 1937
M, &Tr.Co. Aug.
F.
1,
1,
Feb., '03.
June
<fe Tr. Co.
Farm. L. & Tr. Co. July
Farm. L. & T. Co. July
J.
J.
1926
1947
1926
July 1, 1931
Mar.] .'03,3%
D. N. Y., Farm. L.
J. N. Y.,
J. F. i.,
1,
1,
July 1
Aft. July,1916
& Read.RR. May
do
.T.
Dividend.
A. 12&O. Crocker- Wool worth Bk.
F. & A.
«fe
4g.
do
A.
& A.
& J.
& J.
A.
0.
5g. J. & J.
6g. M. & N.
«• A. & 0.
f
5 g. P. & A.
4 g. M & N.
^^• F. & A
4 g. J. & J.
1898
1,000
100,000
1887 500 &c.
225,000
1900 500 &c.
172,600
1884
104,600
1903
1,000
217,000
£200
1873
£645,400
1880
1,000
2,000,000
1886
1,000
4,771,000
1901
1,000
400,000
1901
1,000
3,160,000
1887
1,000
5,500,000
100 197,849,227
1899 500 &c. 28,818,500
1891
2,215,000
1900
1,000
15,000,000
806raUes, that road owning entire stock of Atlantic Suwanee River &
Gulf RR., 57 miles. In addition owns entire stock of the Georgia &
Alabama Terminal Co., operating 8 miles of track.
Also owns a one-sixth interest in the Richmond- Washington Co. controlling the road from Richmond, Va.. to Washington, D. C. (V. 73, p.
843.) and under traffic agreement with the Pennsylvania RR. maintains through car service between New York, Philadelphia, Washington and the South. Also owns the entire capital stock of the Baltimore
Steam Packet Co. (unbonded) and a substantial Interest In the Old
consolidation.
In Nov., 1^*01, the Seaboard Co.
authorized stock. V. 73. p. 1062.
6
$1,000,000
1,200,000
2,500,000
*285,000
625,000
1,000,000
1,000,000
869,450
2,000,000
657,650
164,000
250,000
2,460,000
ENTRAL.
1,233,000
300,000
RR.
So. Illinois
Col. trust mort., gold, sub. to call at par. fJn..c*<fcr
Steamship 1st mort. bonds, Ser. A. $3,000,000...
Coll. tr. M., g., sec. by Pao. Mall, etc. red. '02.C-C*
1886 $1,000
1897
1,000
1886
1,000
1886 100 &c.
Whom.
Payable
Cent
Seaboard Air Line Ry. —
( Concluded) Ausrusta, IstM., guar. p. <fe 1.. R. & G.c*
Gaston, Ist M., *1,500,0U0, g.MeBa.o
1*^9
&
&
1918
1917
1950
1914
1923
190o
1910
19.'?6
1951
1951
1937
1949
1911
1905
Stock, $3,000,000. Bonds, $1,500,000 1st 40 year gold 58,dated Apr.
1899, int. A-O at Metropolitan Trust Co., N. Y., trustee; $825,000
issued. The April. 1903, coupon was not paid. See full particulars
in V. 69, p. 182, and advertisement In chkonicle of July 22, 1899.
President, C. S. Mellen.-(V. 73, p. 83; V. 75, p. 291; V. 76, p. 752.)
V. 68, p. 1078. On June 24,
Moosehead
Sebasticook
1899, A. B. Thompson, of Pittsfield, Me., was appointed receiver.
Carbon Run Jet. to
tcTTlsburg:
Sbamokln Sunbury
WestMilton, Pa., with Iron bridge over Susquehanna, 31 miles; second
track, 15 miles; total of all track, 57 miles. Leased to Philadelphia &
Reading RR. July 2, 1883, for 999 years at 6 per cent on the stock,
and lease assiuned in 1896 by Philadelphia & Reading Ry. Used for
coal traffic uorthward. Stock, $2,000,000 (par, $50) owned by Reading
Co., of which $1,995,000 is deposited under mort. of '97.— (V. 51, p. 21.)
1,
RR.—
&
RR.—
&
Sbamokln Valley &
Pottsvllle
Ry.— r-See Map Pa. BB.)—a\m-
bury. Pa., to Mt. Carmel, Pa., and branches, 38 miles. Leased Feb. 27,
1863, for 999 years to the Northern Central Railway Co., with a guarantee of taxes. Interest on the bonds and 6 per cent on the stock, of
which $619,650 Is owned by the Northern Central. The $2,000,000
first 3^ (of whlchPenn.RR. Jan., 1903, owned $1,544,000), were issued
to retire the 7s at maturity July 1, 1901.— (V. 73, p. 139, 1062, 1314.)
Sbaron Ry.— Owns from Newcastle. Pa., via Sharon, to Pymattming. Pa., with oranches. 33-07 miles in all. Consolidated with Newcastle & Shenango Valley RR. and then leased to the Erie RR. for 900
years from Dec. 1, 1900, for Interest on bonds and 6 per cent on stock,
the old leases being canceled.- (V. 72, p. 88; V. 73, p. 399 )
SborelilneRy. of Ne-wBrunswrlck.—-V. 73, p. 664.
Slireveport Bridge & Terminal Co.—To construct a bridge
Red River, to be used by the St. Louis Southwestern and
Shreveport & Red River Valley railroads. Bonds will be issued. See
@FedFRASER