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/^financial
animtitial f vlh rOtltCU?
Tiif
,
RAILWAY AND INDUSTRIAL
SECTION
PAGES
1
TO
184
GENERAL
INCLUSIVE,
INDEX.!
EDITORIAL ARTICLES—
IMPROVEMENTS IN RAILROAD SUPERSTRUCTURE
RAILROAD CONDITIONS IN THE SOUTH STEAM RAILROADS
5
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9
INDUSTRIAL AND MISCELLANEOUS COMPANIES
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST 00’S
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180
180
OAS
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182
COMPANIES, (See also “ Mibgkllanboub.”)
RAILROAD EARNINGS MONTHLY
INDEX TO COMPANIES CONSOLIDATED
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Section.
its chemical composition and in part upon its
physical structure—the fineness of its grain or the
closeness with which the particles are welded together.
This latter element is commonly described as the
amount of work done on the rail; that is to say, the
number of times it passes between the rolls during
the process of manufacture, and the effectiveness with
which the particles have thus been kneaded together.
The old 74-pound rail, characteristic of the best prac¬
tice twenty years ago, was probably the best rail ever
made in this country, so far as physical structure was
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IMPROVEMENTS IN RAILROAD SUPER¬
STRUCTURE.
The comparative progress which has been made in
the design of railroad motive power and other rolling
stock, and railroad superstructure strong enough to j
carry it, may be likened rather curiously to the back- j
and-forth superiorities of projectile and armor in naval
warfare.
war was
Just
as
the old-fashioned wooden man-of-
unable to stand
j
fire, the first primitive
badly damaged by the trains that ran
over it, not
only when wooden stringers were used for
rails, but when these were reinforced with iron straps,
Then came the iron-clad, gradually perfected until it
was more efficient than the
weapons directed against
it, and, almost contemporaneously, the iron rail; in
fact, the “Merrimac” was armored with rail. The
road-bed of the fifties and sixties stood up fairly well
under the traffic of the time, especially in England,
road-bed
cannon
care,
:
j
was
where the track foundations
and the rails supported
were
on
1
j
!
j
j
i
made with great
cast-iron “chairs.” j
But within the last decade, on each side of the simile,
the dynamic force has come to exceed the static power
of resistance.
Of the three component parts of a
road-bed, foundation, ties and rail, the foundation
No. 2188.
upon
The Railway and Industrial Section, issued quarterly on the last Satur¬
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to every annual subscriber of the Commercial and Financial Chronicle.
of
Washington, D. O
|
But these rails
are
too small for modem
traffic, and the 100-lb. rail, now used for maximum
traffic, does not seem to be susceptible to the same
close knitting of its particles. With chemical compo¬
sition the same, this resolves itself into a rolling-mill
problem, and it is a very surprising fact, but a fact
nevertheless, that the best minds in the steel industry
have been unable to devise a process by which 100-lb.
rails can be made as good, structurally, as the rails
in use twenty years ago.
There is also a chemical
difficulty, likewise technical, in keeping the element
of phosphorus low enough to avoid brittleness.
As a
result, experiments are being tried with foreign ores
and with specially hard and tough mixtures, which
add very seriously to the cost of the rail but make a
stronger product. The prevalent rail price is $28 a
ton, and has been for several years. Nickel steel rails,
in use in certain lines of maximum traffic, at points of
specially severe service, cost about two-and-one-half
times as much, and wear out just about as fast as an
ordinary rail, but are much less subject to breakage.
For street railway special work—that is to say, for
crossings and switches which have to take a tremendous
amount of traffic, and where breakage or failure causes
serious delays and expense of replacement, manganese
is often used, and the Boston Elevated has also tried
this, apparently with good success, on some of its
curves.
But manganese rails are cast, not rolled, and
for a number of reasons, which need not be detailed
alone is proving equal to the full demands of the loco¬ here they are not a solution for main-line difficulties.
motives and loaded trains of the present day, and the '
The present time of the year, when the frost is
,
problem of making rails and ties equal to the strain j coming out of the ground, is much the hardest time
placed upon them may perhaps be considered the most on the track. The action of the thawing process is
important structural problem with which the railroads j uneven, and slight inequalities are left in the support
are confronted.
| of the rail; inequalities sufficient to cause a tremendous
Without going into the extremely technical details ; number of rail breakages under heavy traffic. It is
of steel manufacture, it may be said that the strength, no uncommon thing for a large road carrying heavy
j
toughness and durability of a rail depends in part > traffic to have reports of a dozen or two dozen broke /
6
RAILWAY AND INDUSTRIAL SECTION
rails in
single day; a very fruitful source of accident
life, in addition to the strain of unre¬
mitting inspection and the expense and labor of re¬
placements. It is customary to remedy inequalities
in line caused by frost-heaving
by driving thin wooden
shims under the rail, and as spring advances and warm
weather sets in these are removed, and the
spikes
tightened again, a method which has borne the test of
many years’ widespread service, but must nevertheless
be described as in the nature of a
makeshift; the ideal
railroad superstructure should not be
dependent
upon this.
In the face of March and April rail
breakages, the
tie problem seems a less serious one, and yet it
may
fairly be said that the present wooden cross-tie is not
an
adequate device for the duty it has to perform,
granting, again, the requirements of maximum traffic.
a
and of loss of
New white oak ties
an
exceedingly
on
a
superstructure.
ship,
type of excellent construction that is not for the
present generationUSome white oak ties are used by
as a
curves
and in localities of dense
traffic, but inferior woods have almost universally
superseded them. Good wood and bad alike, the life
of a tie is short, its duration
depending upon the wood,
the climate and often upon attacks
by insects. The
upper surface of the tie is cut by the base of the rail
unless tie-plates are used, and the spike holes become
enlarged by the process of shimming and tightening
spikes and otherwise perfecting alignment. It is ex¬
tremely difficult to keep a road-bed tamped in perfect
condition beneath the ties and between
them, and
winter frost and
summer
North-Western
track,famed for its smooth-running qualities, was tried
on the
Pennsylvania Lines East, some years ago; rails
set in “chairs,” ties 2,600 to the mile or
thereabouts,
but it was pounded to pieces almost
immediately by
the loads placed upon it. Thus no
help is to be had
from England, at least as
regards the fundamental
principals of constructing railroad superstructure.
The experiments and the
study now being made in
this country in the endeavor to devise a
type of super¬
structure that will stand up
mum
requirements of
seen
have taken
perfectly under the maxi¬
traffic that can now be fore¬
principal forms—an effort to
present practice and an effort
any
two
improve the detail of
to devise
a different kind of
superstructure entirely.
In line with the former are the
experiments with steel
and with concrete ties now
being made. So far, the
primary difficulty with concrete ties has been that they
But have tended to pulverize under the rail, of frost-crack
white oak has become so scarce, as a tie
material, that
it belongs in the category with the teak deck of a
on
A stretch of standard London &
LXXXIY.
well-ballasted roadbed form
good, elastic
Eastern railroads
hour.
[VOL.
rains alike
are
its enemies.
and to break rails fastened to them.
This rail-breaking
has also been the great defect of steel ties—in addition
to that of
is five
or
first cost, which for steel and concrete alike
six times that of the
ordinary tie. The Bes¬
& Lake
Erie, which affords a peculiarly good
testing ground for steel ties, owing to its unusually
heavy train tonnage and to its affiliation with the
United States Steel Co., is the
principal experimenter
with this type of tie, and reports
quite good results,
without as many rail breakages as
might have been
semer
expected.
It would be worth
great many million
dollars to the Steel Corporation to put
out a steel tie
which would be generally
adopted, and there can be
no doubt that the
experiments along this line will be
a
prosecuted diligently.
The
principal exponent of the other line of experi¬
with radical departures from the
quality of the lumber available is gradually deteriorat¬ usual type of superstructure—has been the
Pennsyl¬
ing and prices are advancing very rapidly. A number vania. Subsequently to the
experiment with British
of preservative processes are in use to a minor extent
track it has tried a number of other
forms, and is under¬
in this country, and to a much
greater extent abroad, stood to have three different kinds of
experimental
by which a soft wood tie can be rendered partly im¬ track under test at the
present time. One of these
mune from decay.
The life of a tie can readily be tests is now.being made at
Pomeroy station on the
doubled in this way, but the first cost is
apt to be some¬ main line between Philadelphia and Harrisburg with
what more than doubled, under present conditions in a
longitudinal steel sleeper system about a thousand
this country. The progress of
crcosoting and other feet long, devised by Mr. Gustav Lindenthal. The
processes of a like nature depend upon the addition rails are
supported by longitudinal steel angle bars of
of only a few cents to the
present price of ties, in most- the type technically known as bulb
angles, and be¬
parts of this country. W hen they cost GO cents, on tween the rail and the steel
support there is a continu¬
t he average, it is
probable that preservation processes ous wooden sleeper or stringer which
supplies desirable
will be used very
extensively. But even the creosoted elasticity. The cost at present for Pennsylvania
tie, costing perhaps $1.10 and lasting in this part standard cross-tie
track, with 100-lb. rails and creo¬
of the country for fifteen
years or so, does not solve the soted hard-wood ties, is about
$12,500 per mile; the
difficulty. It has too soft a surface, even when pro¬ cost of the longitudinal sleeper system is
slightly more
tected by a tie plate, to stand the constant
pounding than double this amount, but it is believed that the
and cutting of heavy traffic,
together with enlargement saving in all the items of cost for maintaining the
of the spike holes caused by
repeated adjustment of track, as compared with ordinary cross-tie track, will
the spikes.
Approximately one-third more ties per amount to $700 a mile per
In addition to these and
many
mile of road
are
other defects, the
used in America than in
England,
standard practice, but this standard of
strength repre¬
sents the traffic loadings in the two countries of from
ten to thirty years ago.
On a characteristic British line, not
primarily en¬
in
gaged
hauiing coal or iron, as in the Midlands, the
heavy train is the passenger train, weighing perhaps
400 tons.
American practice now sees many
freight
trains with more than 2,500 tons behind the
tender,
run at a speed
frequently in excess of thirty miles an
mentation—that
year,
than
which would
more
the interest on the additional first cost.
Entirely apart from the direct expense of installation
or of
maintenance, the need of a superstructure, the
strength of which shall be materially in excess of any
demands likely to be placed upon it
by maximum
traffic, is the question of paramount importance.
A detail of present track
structure, which is stronger
than it looks, but nevertheless is
by no means a perfect
appliance, is the track spike. On English track,
pay
where the rails
are
set
in 56-lb. cast-iron
“chairs,”
APR., 1007.]
these chairs
RAILWAY AND INDUSTRIAL SECTION.
bolted to the cross-tie and the rail is
fastened in the chairs with wooden wedges, a very
secure
are
type of construction which gives almost
no
trouble under the traffic for which it has been designed.
On the Continent the use of screw spikes is becoming
7
be discussed in the present paper.
That of the other
great Southern companies, the Seaboard Air Line,
Atlantic Coast Line, Central of Georgia,and, to a less
extent, the companies further west, including the
Queen & Crescent Route and the Louisville & Nash¬
quite general, especially in France. Screw spikes are ville, possess important difficulties in organic strength
used on the longitudinal system just described, passing- and in territory and traffic served.
through a tie plate into the~wooden stringer that rests
Coincident with the extremely rapid development
upon the steel angle bar.
With the ordinary type of of the Southern States within the last decade, and
American railroad superstructure, the common spike
especially within the last five years, have come just
serves its purpose very -well, but it seems
probable that the kind of difficulties that might have been expected
improvements in railroad superstructure will bring when a weak vehicle is given a heavy load to carry,
about the use of a screw spike rather than of a driven and these difficulties have been
aggravated by a lack
of sympathy between the carrier and the
spike.
community,
Viewing the whole broad subject of American rail¬ the blame for which must be distributed quite im¬
road superstructure, the opinion may be hazarded
partially. The communities have felt that the rail¬
that lines of ordinary or of light traffic will maintain roads were not
serving them well, trains have been
their present form for another generation at least, and slow,
infrequent and notoriously unpunctual; acci¬
probably for much longer, but that lines of maximum dents have been many and railroad conditions in gen¬
traffic will continue to experiment with forms which
will' give greater strength under the moving
load,
eral have been somewhat demoralized.
and within the next decade will change many
of present practice, which has been altered
the remedies for these conditions which the local law¬
makers have sought to put into effect, and which have
details
surprisingly
little since railroads were first built.
Along with this
change there must also be better practice with regard
to car wheels, which are at present somewhat behind
the rest of the transportation machine in their effi¬
ciency, primarily because the railroad companies do
not wish to pay the price that really good wheels cost,
so long as ordinary wheels
will serve their purposes
fairly well. A discussion of the car wheel problem,
however, cannot be taken up within the limits of the
On the other
hand, the railroads have been genuinely afflicted by
shown unmistakable animus, to use a legal phrase,
in their requirements, designed to punish rather than
to relieve.
For
number of years Mr. Samuel
out almost alone in his efforts to bend
to
a
a
fairer and broader view of
pointed out that it
not
Spencer stood
public opinion
these problems.
He
the structure of the railroads,
their management, which was the primary source
was
of the trouble.
They had great need for new capital
to carry on most urgent improvements, and this capital
was always hard to get, often
impossible to get, al¬
RAILROAD CONDITIONS IN TIIE SOUTH.
though Air. Spencer’s own company fared better in
The characteristic railroad system in the Southern this
respect than some of the others. His successor,
States is somewhat different in formation from those Mr. W. W.
Finley, with a long training in legal and
in other parts of the country.
What may be called traffic matters, is carrying on this additional work
trunk-line development in that region, that is to say, with the utmost
vigor, and is being aided in his pre¬
straightaway building to reach distant points, has not sentation of the needs and difficulties of the Southern
been much in evidence in the last generation in con¬ railroads by the new President of the Seaboard Air
trast with the processes of growth in the Northwest, Line, Mr. Garrett, who comes with fresh
courage to
Pacific Coast States, Southwest,and, to a certain ex¬ the large task before him.
Mr. Finley outlined his campaign in a circular under
tent, in the great Central region. The typical railroad
system in the South is an amalgamation of a large date of January 16 to the public served by his com¬
number of small, short, weak lines, and the through pany.
He pointed out that a number of tons of freight
routes are in great part made up of end-to-end con¬ carried one mile
by his company increased over 300%
present paper.
nections of such links.
As
a
natural result of this
formation, the routes are often roundabout, and a
good many different kinds and grades of construction
are to be found in the same route—some
good, much
bad.
This characteristic process is still going on.
In the State of Georgia alone there are some 65 inde¬
pendent, small companies at the present time, most
of them built and equipped for a sum ridiculously
small as compared with the average new line in other
parts of the country, and all of them awaiting absorp¬
tion into one of the great Southern companies.
For many years following the Civil War, business
between 1895 and 1906; that the number of passengers
carried one mile increased over 200% in the same
period; that nowhere in the United States, except in
the two States of the extreme Northwest, Washington
and Oregon, has there been such industrial
devel¬
opment as in the South.
Mr. Finley showed that the present Southern Rail¬
way Company, which has been in existence approxi¬
mately 12 years, has spent in purely physical devel¬
opment of the line, exclusive of equipment, over $46,000,000, and has spent or contracted to spend nearly
$50,000,000 for new equipment and over $10,000,000
and economic conditions in the South were in a state for
double-tracking, joint terminals and other physical
approaching stagnation. The strong railroad com¬ work not yet completed; but the company has been
panies of the time made a meagre living out of their and is still hampered bv two important conditions:
traffic; the weak ones—and some of the strong ones one, the large amount of fresh capital required, and,
as well—went into periodical
receiverships and under¬ the other, the difficulty of securing adequate and
went various reorganizations.
The history of the efficient labor, of promptly getting construction work
Southern Railway Company, as a characteristic ex¬ done and of obtaining the rolling stock, rail and other
ponent of the group, is so well known that it need not material essential to improve facilities. The equip-
8
RAILWAY AND INDUSTRIAL SECTION.
ment
companies have not made deliveries when prom¬
ised, and the contractors for double-tracking, &c.,
owing to scarcity of labor and material, have, in a
number of cases, been over a year late in
completing
their work.
Besides this, bridge timber has increased
in cost since 1898 from $9 30 to 820 52
per thousand
feet, ties have increased in cost from 2S cents to 34]-^
cents per tie (and the company
is lucky to get them
for that
[VOL. LXXXTV.
degree. As Mr. Finley points out, if the Erie, for
instance, should undertake to raise its rates between
New York and Chicago, because its
capitalization was
the
rate
nearly three times
per mile of the Baltimore
& Ohio, the only result would be that traffic would
cease going by the Erie;
or if the Union Pacific, capi¬
talized at 8133,535 a mile, should have a schedule
based on that capitalization, while the Atchison To¬
peka & Santa Fe had another schedule based on its
capitalization of 858,971 per mile, all the competitive
traffic would naturally go to the Atchison.
Yet the
task before Mr. Finley, Mr. Garrett, Mr.
Murphy, of
the Queen & Crescent route, and other
operating offi¬
cers, whose interests lie in the South, is to inculcate
just such elementary truths into the minds of
State legislators who are not in the least interested in
), and steel rails from 817 75 per ton to 828
per ton, while the cost of labor in the past three years
has increased per mile of road from 81,022 to
82,875.
Besides these physical causes of increased
expendi¬
ture due to the great and
widespread demand both
for materials and for
labor, President Finley points
out fhe tendency of juries to award
constantly increas¬
ing verdicts in personal injury cases, and that of many
States to regard any failure of service as wilful and to them.
impose upon the carrier a heavy penalty for it. He
Figures recently printed in these columns show
said in conclusion that the
point was near where it that 27 roads in the Southern group increased their
might be absolutely necessary for the public to choose gross earnings about 2J^ million dollars in Jan. and Feb.
between better and safer facilities on the one hand 1907 over the
same months in
1906, but that their net
and lower rates on the
other, since, in the nature of earnings decreased over two million dollars in the same
things, it would be impossible to provide both.
period. Mr. Garrett, of the Seaboard, says frankly
Since January Mr. Finley has spoken almost
that
his company must have either greater income or
every
week and sometimes
week to commercial
more
than
within
single smaller expenses if it is to pay the interest on its bonds.
bodies throughout the South, Mr. Murphy, of
the-Queen & Crescent Route, says
urging them to keep the situation clear in their minds the time is not near—it is at hand—when rates on
and realize that the South has less
mileage in propor¬ his road must be increased, and yet the radical public
tion to its traffic than almost
any other part of the opinion of the South, as voiced by Governor-elect
Union; that what mileage it has is in grave need of Hoke Smith of Georgia, clamors for a
general rate
once
rehabilitation; that the Southern
a
railroads
virtually
funds at the present time, and that
they are subject to a flank attack by almost every
State legislature in the
territory through which they
operate, calculated to reduce their earnings or increase
their expenses, or both. Many roads
operating in
that region (and in other parts of the
country as well)
have had their taxes practically
doubled in the past
five or six years. Two-cent or 2^-cent
passenger
fare bills are now pending in four or five Southern
States and reciprocal demurrage bills and other forms
of penalty are under discussion almost
everywhere
along the lines.
cannot obtain any
It is not necessary to extend the
present discussion
to the economic fallacy embodied in the
reciprocal
demurrage principle further than to point out that the
demurrage, as applied to the shipper, is a penalty
for being slow with other
people’s property which he
has in his own possession, while
demurrage, as applied
to a railroad, is a penalty for
being slow with its own
property, which the railroad has not available, and
cannot
get hold of, however much it may want it.
regards the frequent legislative proposals of the
session to restrict the output of new
capital on the
As
reduction
Whether
as
or
the
remedy for existing conditions.
not the railroads of that section
can
effect
reductions in their
operating costs, other than by
retrenchment, is not
yet fully known. It may be that a slackening of the
present urgent demand for- labor would reduce its
cost somewhat to the railroad
companies. It does not
seem likelythat the cost of materials would be de¬
creased even in the contingency of such a setback.
The obvious and equitable remedy for the
inadequate
condition of the Southern railroads, both as
regards
improvement of lines already built and as regards new
terminals, tracks and equipment, lies in a general
increase in freight rates to meet the increases in the
cost of everything which the
companies have to buy.
Such an increase need by no means be looked
upon
as a permanent
thing, but for the next few years of
critical progress and development the' railroads must
be given a free hand and must be allowed to
place them¬
selves in funds for the
development work urgently
needed.
Without this, the prospect, at the best, is
for a long period when
necessary new work cannot be
means
of
severe
and undesirable
done and traffic facilities will become less and
less
adequate in proportion to the increases in traffic.
ground that the railroads are charging their customers The prospect, at the worst, is for another
period of
high prices in order to pay interest ai;d dividends on bankruptcy and reorganization, the like of which the
fictitious values, it is only necessary to reiterate that South knows well
already, and which would of neces¬
capitalization does not affect rates in the slightest sity seriously retard its
prosperity.
RAILROAD COMPANIES*
FOR MISCELLANEOUS COMPANIES SEE PAGES 153 TO 178, INCLUSIVE.
EXPLANATORY.—Tills Supplement Is expressly Intended for use In connection with the Investment news and official
reports published from weak
week In the “Chronicle.”
Frequent reference Is therefore made to the volume and page of the “Chronicle” (as V. 74, p. 000) where fuller Infor¬
mation may be found.
Following also each statement Is given a reference to the latest news Item In the “Chronicle” respecting the company. Aa
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 other
company.
Index.—Any company not In regular alphabetical order may be found by means of the Index, on another page, to roads leased and consolidated.
Dividends.—The dividends tabulated In the to*t 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 Road.—Opposite bonds, this means the miles of road owned covered by the
mortgage.
Slee or Par Value.—Shows (In dollars unless otherwise marked), the denominations or
par value, “100, Asc.,” signifying $100 and larger.
Rate Per Cent.—The Interest and dividend rate, per annum, Is here shown;
g., gold;
cur., currency; x, extra; s., stock or scrip.
When Payable.—J. As J. stands for January and July; F. & A., February and
August; M. & S., March and September; A. & O., April andOctober;
M. & N., May and November; J. As D., June and December;
Q.-J., quarterly from January; Q.-F., quarterly from February; Q.-M., quarterly
to
from March.
Bonds, Principal When Due, Etc.—This column shows the date when the bonds mature and the amount and date of the last dividend.
Abbreviations In table: M. for "mortgage”; gen. M. for “general mortgage”; con. M. or consol. M. for
“consolidated mortgage”; Inc. M. for "Income
mortgage”; g. for "gold”; c. or cur. for “currency”; guar. p. As 1. for “guaranteed principal and Interest”; cum. for “cumulative”; non-cum. for
’non-cumulatlve”; conv. for “convertible Into stock at holder’s option"; pref. for “preferred”; s. f. for “sinking fund”; 1. gr. for “land grant”
r. “fully registered (no coupons)”;
c. “coupon”;
c.* “coupon but may be registered as to principal”;
br. “branch";
end. "endorsed”; red.,
’•redeemable”; d’rn or "drawn” subject to call when drawn by lot; p. m., “per mile”; as’d, “assumed”; x, payable without deduction for any tax.”
Mortgage Trustees and Stock Transfer Agents (TR Treasurer’s Office) are Indicated thus:
NEW YORK CITY—
N. Y. CITY—{Concluded.)
BOSTON—
PHIL 4DELPI1I A—
Eq— Equitable Trust.
j
1
S—
Standard Trust.
Ta —Trust Co. of America.
|
B— Bowling Green Trust.
Ba— Bankers’ Trust.
Ce— Central Trust.
Col—Colonial Trust.
! Un—Union Trust.
i
Us—United States Trust,
Usm—U. S. Mort. As TrustCo
EC—Equitable Trust.
1
FC—First Tr. & Sav. Bk.
IC— Illinois Trust As Sav.Bk.
MC—Merchants’ Loan As Tr.
NC—Northern Trust.
RC—Royal Trust.
UC—Union Trust.
WC—Western Trust.
LOUISVILLE—
I
F—
Farmers’ Loan & Trust. i
Q— Guaranty Trust.
BALTIMORE—
K— Knickerbocker Trust.
! BBa— Balt.Tr. As Guaranty
Ma—Manhattan Trust.
i CoBa— Continental Trust.
Me—Mercantile Trust.
FBa— Fidelity As Deposit.
Mo—Morton Trust.
MBa— Maryland Trust,
i
MeBa—Mercantile Tr. As Dep.
Mp—Metropolitan Trust.
N— New York Trust.
i SBa— Safe Dep. As Trust Co
CHICAGO—
AC—Amer.Trust Ac Sav. Bk.
!
Subscribers will confer
a
I
CL—Columbia Finance As Tr.
FL—Fidelity Tr. & Safety V.
LL—Louisville Trust.
AB—American Trust.
BB—Boston Safe Dep & Tr.
IB— International Tru-1.
NB—New England Tru-t.
OB—Old Colony Trust.
SB—State Trust.
ST
1902
o-
General mortgage £1,160,000
Ce.c
Car trust $50,000 due seml-an gold N
Do
74,000 due seml-an g (V 82 p 867)
Alabama Midland—See Atlantic Coast Line RR.
Alabama New Orl Tex Ac Pac June—Deferred “B” sh
Preferred “A” shares 6% cumulative
I
“A” deben red after Nov 1 1910 at 115—See text-.c
“B” debentures Income redeem after 1910 at 115..C
“C” debentures Income subj to call any time at 100
Alabama Tenn & Nor—1st M gold text.
K
Alabama & Vicksburg—Stock $1,050,000
Vicksburg & Meridian 1st M gold $1,000,000.F.xc*
Alabama & Vicksburg con 1st M $1,800,000 g.Ce.c
2d M.orlg.$700,000 gold (IstM.on 15,612 acres)Ce.c
Alaska Central—1st mortgage $30,000,000 gold__W.C
Albany & Northern—1st M gold ($50,000 are pref) ..c
Albany Ac Susq—Stock dividends guar by D & H (end)
1st M $10,000,000gguar p & Iconvtext Usm.c*&r
Albany Ac Vermont—Stock 3 % guaranteed by rental.
Allegheny & Western—Stock ($3,500,000).
1st M $2,500,000 gold guaranteed p & 1 end
G.c*
Allegheny Valley—1st M. guaranteed Penn RR
c
Mortgage to State of Pa $100,000 due Jan 1 yearly.r
Gen M ($20,000,000) gold guar p & 1 ..FPl.xc*Atr
SUe,
;
PITTSBURGH—
CPI—Colonial Trust Co.
FPI—Fidelity Title Ac Trust.
PPI—Pittsburgh Trust.
Amount
Rate
When
Outstanding
%
Payable.
$1,000
£10
£10
290
_
_
21
143
143
143
143
50
35
1878
1888
1905
1906
1890
1890
1890
1906
1881
1889
1889
1905
1896
$1,000
262
262
262
1906
£100
£710,000
$800,000
1,331,000
1,000
100 Asc
100 &c
1,000
1,000
1,000 Arc
1,000
$ & £
100,000
1,000
p. 1225, showed, gross, $3,774,621; net, $712,754; other Income, $53,309;
bonds, $296,241; Income tax, &c., $71,357; bal. for stock,
dlv’s (6%), $195,056.
In
’04-05, gross, $3,308,300, net
$601,325.—(V 82, p. 1170; V. 83, p. 1225; V. 84, p. 50.)
ALABAMA NEW ORLEANS TEXAS Ac PACIFIC JUNCTION RAIL¬
WAYS CO. (LIMITED.)—This Is an English company controlling
Alabama
As Vicksburg. 143 miles; Vicksburg Shreveport & Pacific, 189
miles; New
Orleans As North Eastern, 196 miles.
SECURITIES OWNED.—Alabama & Vicksburg, $30,000 first mortgage,
$380,000 second mortgage, $141,100 consolidated first mortgage and
$581,500 stock; Vicksburg Shreveport As Pacific, $1,513,000 general mort¬
gage, $2,080,100 preferred and $2,773,500 common stock; New Orleans As
North Eastern, $5,115,000 general mortgage, $1,500,000 Incomes and
$5,320,000 stock; Southwestern Construction Co., $448,700 stock; Rail¬
road Lands Co.. $108,850 (of $120,000) stock.
on
$398,469;
’99. ’00. ’01. ’02 to ’06.
% 5
5
5
5
5
5
5
5% yrly.
% .875 1
2H 2 % 4 y8
5
5
5% yrly.
%
...
ih
2%
5% yrly.
EARNINGS.—See separate statement for each of the controlled com¬
panies.
In year ending Dec. 31 1906, net from Investments was $172,688
paid general expenses (£3,566), Income tax (£8,601), Interest on “A
debentures (£35,570). on "B” debentures 5% paid In Jan. 1907 (£49.798),
on "C” debentures, 5% (£38,506)
balance, £36,646.—(V. 81, p. 1314.)
._
_.
J
4H g F
4 H g M
5 g
&
&
&
&
A
&
Where Payable, and by
Whom.
Stocks—Last
Dividend.
D U S Mort & Tr Co, N Y
June 1 1942
London
Dec 1891
A
do
Feb 28 ’07 3%
J Farm L As Tr, N Y; A: Bos Jan
1 1908
D Glyn Mills As Co. London,Dec
1 1927
A
N Y. Blair A; Co.
;To Feb 1915
N
New York.
*ov’07-May’16.
2,500,000
1,500,000
5 g
M
N Glyn.Mllls.C As Co, Lond.
&
748,850
5 g
M
&
N
£1,048,390
do
do
5 g
A
&
O See text.
£810,653
5 g
A
&
O Knickerbocker Tr Co, NY
$168,000
Central Trust Co, N Y
1,050,000 7 in 1906 Yearly.
6 g
A
&
O
1,000,000
do
do
A
5
&
O
588.800
do
do
g
5 g
A
O
&
502,500
do
do
5 g
A
O Chicago and New York.
&
3,500,000
5 g
J
&
J Hambleton & Co, Balt.
400.000
9
J
&
3,500,000
J Del As Hudson Co, N Y.
10,000.000
do
do
an g A & O
3
M &
N Troy. N Y.
600,000
6 g
J
J A Iselln & Co, N Y.
As
3,200,000
4 g
A
&
O
2,000,000
do
do
7
A
As
O Penn RR Co, Phil; As Lon
9,998,000
5
J
J Treasurer, Philadelphia.
&
200,000
4 g
M
As
S Penn RR Co, Phllaael.
7.250,000
£10
£10
£50 Asc
£20 Asc
£20 Ate
1,000
100
100
100
1898
1869
1869
1892
4 g
J
$1,052,000
$7,830,000
$3,380,350 6 In 1906 F
6 g
J
$1,750,000
1,000
1,000
100
142
12
66
66
Bonds—Princi¬
pal, When Due.
Par
LATEST EARN’S.—8 mos.U906-07._Gross, $2,712,669; net, $504,928
July 1 to Feb. 28.
J1905-06.-Gross,
2,505,302; net,
490,863
ANNUAL REPORT.—Report for year ending June 30 1906 in V. 83,
’94. ’95. ’96. ’98.
*
UPI—Union Trust.
or
Value.
ADIRONDACK RY.—In 1902 merged with the Delaware As Hudson.
AKRON & BARBERTON BELT RR.—Owns a belt line around Barber¬
ton, O., and also extends to Falrlawn and Akron, O.; total, 40.2 miles.
A consolidation In May 1902; V. 74, p. 1088.
Stock, $100,000, owned
equally by the Cleveland Akron As Columbus, Baltimore As Ohio, Erie RR.
and Northern Ohio Ry.
Bonds authorized, $1,500,000; Issued, $1,100,000, of which $48,000 redeemed by sinking fund; $400,000 reserved for
future requirements.
Drawn at 105 yearly Dec. 1 for sinking fund of
$11,550 per annum.
V. 75, p. 440.— (V. 78, p. 2598.)
ALABAMA OREAT SOUTHERN RR.— (See Map Southern Ry.)—Owns
Wauhatchle, Tenn., to Meridian, Miss., 291 miles; leases Wauhatchle to
Chattanooga, 5 miles, and Belt Ry. of Chattanooga, 45 miles; trackage
to Blocton, Ala., 8 m., and Gadsden, Ala., 6
m.,\total oper., 354 miles.
ORGANIZATION.—Controlled by Southern Ry., but operated inde
V.
pendently.
60, p. 26; V. 61. p. 375; V. 82, p. 159.
Owns $833,300
stock of Southwestern Construction Co. received In
exchange for $833,300
Cincinnati New Orleans As Texas Pacific stock.
See V. 65, p. 1173.
In the liquidation In 1905-06 of the Alabama Great Southern
Ry., Ltd.
(per plan V. 81, p. 1722; V. 82, p. 159), $670,000 debentures were sold to
refund the £134,000 debentures due Aug. 15 1906.
The unfunded arrears
of preference dividends were paid In Dec. 1905
and the funded arrears
(£81,000) were exchanged for an equivalent amount ($399,464) of similar
4% obligations of the American Co. dated Feb. 1 1906 and payable by
sinking fund 10% semi-annually till all are redeemed, Feb. 1 1911, and are
unconditionally guaranteed by the Southern Ry.
DIVIDEND—
’96. ’97. ’98. ’99. *00. ’01. ’02. ’03. ’04. ’05. ’06. ’07.
“A
snares
%
6966899
10
966 Fb,3
“B" shares
%
0
0
0
0
0
0
0
0
0
0
0
BONDS.—Gen. mort. 6s, £484,000, will retire first 6s and debentures.
Louis Union Trust.
INTEREST OR DIVIDENDS.
Miles
Date
of
of
Road. Bonds.
Akron Ac Barberton Belt—1st M s f text g.Usm.c*&r
Alabama Great Southern—"B” shares
Preferred "A” shares 6% $4,000,000
First mortgage (American Co.) gold $l,750,000..F_c
..
LOUIS—
SAN FRANCISCO—
CS—California Safe Deposit
Ac Trust.
RAILROADS.
COUPON PAID.—For
“A” Debenture..
"B”
do
do
“C”
GuP—Guaranty Tr.AsS.Dep,
PIP— Provident Loan As Tr.
PeP— Penn. Co. for Insur,
on Lives As Gr. Ann.
WP— West End Tr. Ac S. D,
MSt—Mississippi Valley Tr.
SSt— St.
Flde. ty Trust.
Girard Trust.
favor by giving immediate notice of any error discovered in these tables.
For explanation of column headings, Ac., see notes
on first page of tables.
Interest
FP—
GP—
1
1910-40
1
1910-40
1 1940
1 1956
Aug 31 1906.7 %
Nov
Nov
Nov
Oct
April
April
April
April
Jan
Jan
1
1
1
1
1921
1921
1921
1935
1 1946
2 1907 4J4
April 1 1946
May 15 1907 m
Jan
Oct
2
1
1907 3
1998
April 1 1910
Jan 1 1908 ete.
March 1 1942
ALABAMA TENNESSEE Ac NORTHERN RR.—Ownsfrom Reform, Ala.
the Mobile & Ohio, southerly to Allcevllle, 21 miles, with southerly exten¬
sion of 29 miles being under construction In Oct., 1906. Successor to Carroll
ton Short Line Ry.
Stock authorized, $10,000 per mile.
Of the bonds
on
($1,500,000 authorized Issue), $168,000 were Issued against the first 21
miles, $40,000 are Issuable to build a steel bridge, $1,032,000 at the rate of
$8,000 per mile for additional mileage, but only when the net earnings on
completed mileage for the previous fiscal year are equivalent to Interest on
the bonds to be Issued In addition to bonds outstanding and $260,000 for
equipment on the basis of 10-11 of cost of equipment.
V. 83, p. 1036.
For 8 mos. ending Feb. 28 1907, gross, $31,891; net, $17,578.
For year
ending June 30 1906, gross, $41,413; net, $22,240.
In 1904-05, gross,
$38,318; net, $19,491.—(V. 83, p. 1036.)
ALABAMA & VICKSBURG RY.—Owns Vicksburg to Meridian, Mlsa.r
and branch, 143 miles, all steel rails.
Controlled by Alabama New Orleans
Texas As Pacific Junction Co., which see.
Reorganization of the Vlcksbtuv
As Meridian foreclosed Feb. 4 1889 (see V. 48, p. 190),
DIVIDENDS.—1890 to 1892, 3 % yearly; 1896, 3 %; 1897 to 1899, S %;
1900 to 1902, 6% yearly; 1903, 9%; 1904 to 1906, 7% yearly.
Stock divi¬
dend of 50% in 1900.
BONDS.—Of the $1,800,000 consols authorized, $1,000,000 are with
trustee to retire Vicksburg As Meridian firsts.
EARNINGS.—Fiscal year ends June 30.
For 8 M months ending March
7 1907, gross, $1,072,296; against $930,512 in 1905-06.
Report, V. 83,
,
p.
1345.
Years—
1905-1906
1904-1905
Gross.
Net.
Interest, Ac.Bal.,sur.
Dividend.
$1,380,247
$302,218 *$159,774
$142,444
(7)$73,500
1,358,043
286,791
*162,961
123,830
(7)73,500
•Includes $65,497 for new freight cars In 1905-1906, against $59,962 in
1904-05.—V. 81, p. 263, 1607; V. 83, p. 322, 1345. 1410.)
ALASKA CENTRAL RY. (See Map.)—Building from Seward, on south
coast of Alaska, north to near Fairbanks, on Tanana
Of
River, 450 miles.
this, 46 miles from Seward north were In operation July 1 1906, and 60
miles additional under construction, contract having been let for first 185
miles.
V. 82, p. 1495.
Annual report at length was in V. 82, p. 756.
Stock authorized, preferred, 5% non-cumulatlve, $2,500,000;
common,
$27,500,000; outstanding, preferred, $1,912,450; common, $3,750,000; par
Stock is limited to $35,000 per mile. Bonds ($30,000,000
authorized) are Issuable at $35,000 per mile of main and $25,000 of second
track, with additional bonds for terminals, tunnels, bridges, Ace.
Of the
of shares, $100.
bonds and stock, $8,500,000 each are Issuable
V. 81, p.
1846; V. 82.
p.
on
the first 185 miles.
See
1495.
President, A. C. Frost, Chicago;
Vice-President. H C. Osborne. Toronto;
Secretary, James A. Haight, Seattle; Assistant Secretary, Pierre G. Beach,
Chicago; Treasurer, G L. Francis, Toronto.
Trustees: Albert O. Frost, Chicago; Henry C. Osborne and Gwyn L.
Francis, Toronto; George A. Ball, Muncle; George Turner, Spokane; F.
Augustus Helnze, Butte, Mont.; James A. Moore and James A. Haight,
Seattle.
Executive offices, 108 La Salle Street, Chicago.— (V. 81, p. 1374,
1789, 1846; V. 82, p. 690, 748, 756, 1495.)
ALBANY Ac NORTHERN RY—Albany, Ga., to Cordele, 37 miles.
A
reorganization In 1895.
Stock, $350,000; par of shares. $100.
Of the
bonds, $50,000 have a prior lien.
Frank S. Hambleton of Baltimore and
Henry P. Talmadge of New York are mortgage trustees.
See official state¬
ment, V. 76, p. 749.
Year ending June 30 1906, gross, $1 11,404; net
$26,649, against $27,056 In 1904-05; Int. on bonds, $18,900; balance, sur¬
plus, $7,749.
President, T. Edward Hambleton, dec’d; Secretary, N. H»
Johnson; Treasurer, J. S. Crews.
Office Albany, Ga.—(V. 83 p. 1522.)
V
y
10
KAILWAY STOCKS AND BONDS.
RAILROADS.
on
first page of tables.
Miles
Date
of
of
Size,
Par
Value.
Road. Bonds.
|
or
Amount
Outstanding
INTEREST OR DIVIDENDS.
Rate
j
%
When
|
\
-!
For explanation of column headings, &c.. see notes
[Vol. lxxxiy.
Where Payable, and by
Payable.
Whom.
Dividend.
—
Allentown RR (leased to Philadelphia & Reading Ry)
Allentown Terminal—1st M guar p & 1 (end) g ..Ce.xc*
Ann Arbor—First mortgage 57,000,000 gold_.Mp.xc*
Argentine Central—1st M §200,000 g red
S
uiui
k uiu
auc
3
292
f (text)
10
Ashland Coal & Iron—Stock
First refunding mortgage 5400,000 gold
N
Astoria & Columbia—1st M 58,000,000
Ce
Atchison & Eastern Bridge—1st M g S f red text._Ce
Atch Top & S Fe Ry—Stock, com, to be $152,000,000.
Stock preferred $131,486,000 5 % non-cumulatlve
Chicago Sc St Louis 1st M ($10,000 p m) cur__F.c
Chicago Santa Fe & California 1st M gold _.BB.c*&r
vjcuci <*1
$50
icai
11ai
22
Si
1900
1890
142
440
/,/•»<
_
&
•
.
1 ,000
1885
1887
1,000
1,500.000
Sec
560,000
Ac 146,634,500
2 1,079,500
Sec
Sec
27,648 500
Sec
6,128,000;
1.000
Sec
1,000
500
DOO
500
lOi/o
1895
1895
1903
1902
1905
1898
1896
1,000 Ac
1.000
1 .000
1906
1,000
1904
1906
1,000
1877
1.000
1,000
l.ooo!
100
Income bonds (not cum) ex In 1900 and 1907
i 1880
Atlanta Knoxville & Northern Ry—See Louisville & N ashvlll e.
Atlanta Terminal—1st M $1,500,000 gold
S.c*&r
1903
Atlanta & West Point—Stock
86
Debenture certificates
j
1881
Atlantic City—1st mortgage $2,200,000 gold. QuP.xc*
83
1889
Atlantic City purchase money real estate M
GP
1900
Sea Coast prior lien mortgage gold
.j
66 1898
Atlan. City 1st cons M $4,500,000 gold p & 1 gu..GP
All.
1901
Atlantic Coast Line Co. (Conn.)—Stock $30.000,000 _.i
Ctfs of lndebt Inc non-cum $6,000,000.
SBa.r
1897
do
do
redeem at 105 after 20 years.SBa
1900
do
do
redeemable at par after 5 years..
1905
ALBANY
1
1889
1895
1900
1898
Adi Inc M cumulative from July 1 1900 gold.Ce.c* &r
7,737
do
do
lnt stamped payable M & N
> 7,737
Eastern Oklahoma Dlv 1st M $10,000,000 g_G.c*&r
306
Deb gold Ser E to L $2,500,000 each; call 105 G.c&r
Bonds $50,000,000 conv com stk red text.Mo.c*dfer
Hutchison & So 1st M gold red 105 begin 1908-OB.e*
141
San Fr. Se San Jo Val 1st M g call i 10 aft 1915. Me.c
372
Atlanta Bir & Atl—1st M $30,000,000 g red
106.OB.c*,
....
Atlantic Sc Blrm 1st M red 110 beg 1909. ___OB.cV!
337
Joint coll trust notes gold redeemable 101..Ta_c*
Atlanta & Charlo tte—Stock (see text)
(
269
Pref M (old 7s extended In 1907) See V 64, p 286.C* 265 Y>
ROAD.—Owns
$1,268,884 Incl. $1,0
4 g
1,000
450,000
1 000
4 g
7,000,000
500 Are1
6 g
75,000
50
773,500 See text.
4
1,000
300,000
g
J
4 IT
3,280,000'
4 g
1,000
555,000
100 103,001,000 See text
100 114,173,730 5 In 1906
1
500
1,000
1,000
1,000
100
100 &c
100 Sec
100 &c
SUSQUEHANNA RR — (See Map Delaware & Hudson.) —
Albany to Binghamton, N. Y., 142 miles.
Operated
Ooblesklll, N. Y..
to
Cherry Valley, 21 miles;, of
the stock $450,000
owned Jan 1 1907 by Delaware & Hudson; total operated, 163 miles.
LEASED for 150 years from Feb. 1870 to Delaware & Hudson Company;
rental Is 9% per annum on stock.
(See guaranty, V. 56, p. 774.)
Stock¬
holders' protective committee. Geo. P. Butler, Chairman; IJ. S. Trust Co.,
depositary, claims for stock the benefit of refunding, say 3 4 % yearly on
Stock.—V. 81, p. 1847; V. 83, p. 968, 1036.
•
•
BONDS.—The stockholders on April 7 1905 authorized $10,000,000 of 40year 3 4 % bonds to refund the $10,000,000 of 6s and 7s maturing April 1
1906, which were In June 1905 offered at par pro rata to the stockholders of
the D. Sc H.
The new bonds are dated April 1 1906, guar. p. & L, and until
Apr. 1 1916 convertible Into D. & H. stock—$500 stock for $1,000 bonds.
V. 80, p. 1 174, 1362, 2343.
Form of guaranty, V. 82, p. 986.
ANNUAL
REPORT.—Year ending Dec. 31 1905, gross, $6,093,960;
$2,762,557.
Earnings no longer kept separate.
President, Geo. P.
Butler; Secretary, W. L. M. Phelps.
New directors (Oct. 1906), V. 83,
p. 968. —(V. 83, p. 1036.)
net,
ALBANY & VERMONT RR —Owns road from Albany to Waterford Jet.,
N. Y., 12 miles.
Leased to Rensselaer & Saratoga In 1860 and now oper¬
ated by Delaware Sc Hudson Co.
Annual rental, $20,000.
ALLEGHENY & WESTERN RY.—(See Map Buff. Roch. dfc Pitts.) —
Punxsutawney to Butler, Pa., 60 miles; branch. New Castle, Pa., to Cement
Works. 6 m.; total. 66 miles.
An extension of Buffalo Rochester & Pitts¬
burg, to which leased In perpetuity for guaranty of bonds and 6 % on stock.
Uses Balt. Se Ohio from Butler to New Castle and Pittsburgh under a track¬
age arrangement, making in all 147 miles.
See application to
V. 70, p. 849. — (V. 74. p. 774; V. 82, p. 508, 626, 691.)
list In full,
ALLEGHENY VALLEY RY.—Owns from Pittsburgh to Oil City, Pa.,
133 miles; Red Bank, Pa., to Driftwood. 110 m.; others, 19 miles.
Controlled by Pennsylvania RR. Co., which on Jan. 1 1907 owned $9,664,150 of the $10,544,200 common and $16,882,201 of the $17,173,800 of 3%
cumulative preferred stock, and acquired most of remaining preferred.
The
stockholders of the Penn. RR. voted March 13 1906 to
purchase the road,
but merger not completed to Apr 1907.
V. 81, n. 1847: V 82, p. 159, 459.
BONDS.—General mortgage is guaranteed by Penn. RR. by endorsement
on each bond.
Real estate mortgages Jan. 1 1907, $733,000.
Report for 1904, V. 80, p. 1477.
In 1906, gross, $6,321,899; net, $2,056,355; other Income, $7,909; lnt., taxes, &c., $1,259,031; bal., sur.,
$805,234.—(V. 81, p. 1492, 1549, 1663, 1847; V. 82, p. 159, 626, 691.)
ALLENTOWN RR.—Topton to Kutztown. Pa., 4 4 m.; Reading system.
ALLENTOWN TERMINAL RR.—Owns 3.4 miles of railroad In Allen¬
town, Pa., connecting the East Penn. (Phila. & Reading) with the Cent, of
N. J. Leased for 999 years to Phila. Sc Read, and Cent, of N. J. (by assign¬
ment from Lehigh Coal & Navigation Co.) at Interest on bonds and 5 % on
$450,000 stock (par $50). bonds being guaranteed,
principal and Interest,
by Philadelphia Sc Reading (foreclosed) and Lehigh Coal & Navigation.
ANN ARBOR RR.—(See Map Detroit Tol. & Ironton.)—Owns road from
Toledo, O., to Frankfort, on Lake Michigan, 292 miles; operates car ferries
between Frankfort. Mich., Kewaunee and Manitowoc, WIs.. and Menominee
and Manlstlque, Mich.
Wabash uses Toledo terminals.
ORGANIZATION.—Successor Nov. 1 1895 to Tol. Ann Arbor & Nor,
Mich., foreclosed under Qulntard-Lawrence plan In V 59, p. 782.
In
March 1906 tiie Detroit Toledo & Ironton RR. (wnich see) had acquired
$3,102,400 pref. and $2,190,000 common stock.
YT. 82. p. 508.
STOCK.—Common. $3,250,000; preferred. $4,000,000; 5% non-cumulafclve; par $100.
Pref. stock cert., “Supplement” Oct. 30 1897. p. 3.
BONDS cover entire property, Including terminals and freight boats.
ANNUAL REPORT.
For 1905-06 was in V. 83, p. 1034, showing—
Year end. June 30
—
Gross earnings
Operating
expenses.
Net earnings..
Net income
Deduct--Interest
Taxes
..
..
....
1906.
1905.
‘1904.
1903.
$2,175,231
1,391.680
$1.922,593
1.337,364
$1,979,047
1,475,133
$2,037,214
1,443,761
$783,551
$811,816
280,000
$585,229
$503,914
$515,809
280,000
59,955
$593,453
$593,453
275,884
51,439
$600,902
280,000
54.603
101,111
Balance, surplus..
$430,705
$266,299
$175,853
$266,131
President, Eugene Zimmerman; See. G. Caspar Niles; Aud., \Y \ D. Gray.
Directors, May 1905, V. 180, p. 1970.- -(V. 82, p. 508; V. 83,.p. 1036.)
ARGE NT I NE CENTRAL R Y. — (3-ft. gauge.) —Owns Sliver Plume. Col., to
summit of Mt. McClellan, 16 miles, at an elevation of 14.007 feet.
Stock,
$500,000; par of shares, $100; practically all owned by President.
Bonds
($200,000 authorized Issue, Central Savings Bk., Denver, trustee) are sub¬
ject to call In 1912 at 106 and interest; a sinking fund will provide "for full
ayment at maturity.”
V. 83, p. 1170.
President and Treas., Edward
Wilcox
Office, Colorado Pldg., Denver. Col.—(V. 83, p. 1170.'
ARKANSAS MIDLAND RR.'—Owns from Helena, Ark., to Clarendon
47 miles.
Capital stock, $1,500,000, was in 1901 acquired by Mo. Pac.
(St. Louis Iron Mountain & So. Ry.).
V. 74, p. 206, 574.
Bonds, $176,000 first gold 6s. due July 1 1911, subject to call at 110; lnt. J. Sc J.
Year
ending June 30 1906. gross, $110,188; net. $41,927; total deductions,
$19,519; bal., sur., $22,408,
Pres., George ,J. Gould.—V. 72, p. 935.
ASHEVILLE & SPARTANBURG RR.—See Southern Ry., Carolina Dlv.
ASHLAND COAL & IRON RY.—Ashland to-Stralght Creek Jet., Ky..
22 m.
Ches. & Ohio has trackage over this road.
The mining Interests
were In Jan. 1902 transferred to Ashland Iron & Mining Co., stock
being re¬
duced from $1,547,000 to $773,500.
Bonds, see V. 71, p. 27.
Year end
Ing June 30 1906. gross, $129,512; net. $56,673; interest and taxes, $24,056;
improvements, $1,317; dividends (4%), $30,940; balance, surplus for year.
$361.
Loans and bills payable June 30 1906, $64,823.
Dividends In
$895-96, 4%; In 1896-97. 4%; In 1897-98, 4%; In 1898-99,4%; In 1899-1900.
*%; June 1900 to June 20 1902, 6% yearly (14% Q-M). and In Juue 1902
3% extra; Sept. 1902 none: Dec., 1%; since to Mar. 1907, 4% yearly (Q-M).
Pres
Robert Peebles: See. and Treas., Frank B.|Moore.—V. 77. p. 1532.)
.,
.
cur
g
g
g
g
g
u
J
J New York and Phila.
Se
Q—J
!J
J
Se
2—M
M
F
J
J
F
M
J
A
Sc
dc
N
Sc
J
D
A
S
J
O
Se
Se
Sc
Se
Sc
'
l.SOO.OOO1
4 g
J
1,232,200 See text. J
6
J
1,232,200
5 g
M
2,200,000
4 4
A
75,000
5 g
A
350,000
4 g
J
1.850,000
12,600,000 10 In 19(>6
Q
5 cur J
5,000,000
4
IJ
5,000,000
3,000.000
4
J
Se
Se
Se
Se
Sc
Sc
Sc
Sc
Sc
Se
nder Reading Co. mortga ge of 1896.
July
-Metropolitan Tr Co, N Y July
A
Nov
Y1
N
&
M
&
S
A
F
&
17,5c0,000
g
&
D
J
47,714,000
g
IJ
J
&
195,000'
g
1A
&
O
6,000,000
g
See text, i
&
J
J
g
J
Sc
4,090.000
g
,J
f) {?
M
&
N
8,000,000*
S
1,700,000 7 In 1906 M &
J
A
500,000
44
|J
4 4
J
<5c
J
4,250,000i
!J
Sc
J
750,000
44
1,000
100
1,000
6
5
4
4
4
4
4
4
5
5
5
5
71, 400
1
Bonds—Prlncipal,' When Due.
Stocks—Last
1
1
1919
1995
4th Nat Bk. N Y; Se Den Jan
1
1926
Check from Co. ’s office
'Mar 20 1907 1
New York Trust Co, N Y May 1 1925
:
7 1996
! Aug
Central Trust Co, N Y
July 1 1928
Checks mailed from N Y June 1 1907 3
do
do
Feb 1 1907 2 4
5 Nassau Street N Y
I March 1 1915
do
do
Jan
1 1937
do
do
1 1995
Oct
do
do
July 1 1995
do
do
•July 1 1885
do
do
jMarch 1 1828
do
do
Feb
1908-1914
do
do
June 1 1955
do
do
1
1928
I.lan
do
do
1
Oct
1940
Old Colony Tr Co, Boston Jan
1
1936
do
do
Jan
1
1934
Trust Co.of America,N Y May 1 1910
U S Mor & Tr Co, N Y Mar 6 1907 3 4
do
Jan
1 1910
do
do
do
Jan
1 1910
do
do
Jan
1 1910
:D Standard Trust Co, N Y June 1 1953
J Atlanta, Ga.
See text.
J
do
do
Company's opt.
N Reading Term Bldg, Phil May 1 1919
O
do
do
(April 1 1930
O Philadelphia
April 1 1948
J'
do
'July 1 1951
M
Baltimore
j Mar 11 1907 2 4
D In 1906 paid 5 %
Irredeemable.
J in 1906 paid 4 %
! Jan 1 1907 2 %
Jin 1906 paid 4 %
jJan
1 1925
ASHLAND & WESTERN RY—V. 83. p. 1468, 1589; V. 85, p. 692.
ASTORIA & COLUMBIA RIVER RR —Goble to Seaside, Ore., 79 m.;
branch, Warrentonto New Astoria. 2 m.; trackage. Goble to Portland. 40m.;
total. 121 m
Stock, $1,619,000; par, $100.
Til 1907 Northern Pacific
(Hill) Interest'’ «ecurcd control
V. 84i p. 867.
Year ending June 30
1906. gross. $569,290;
net,
$259 018.
charges. $151,629:
bal
sur.,
$107,389.
Pres., C. M. Levey - (V. 84, p. 867 >
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, ds
Quin.
A reorganization of the Chic. & Atch. Bridge Co. foreclosed Mch. 4
1898, per plan V. 65, p. 366.
Stock, $700,000; par. $100 per share.
A sink¬
ing fund equal to the difference between the annual Interest on the outstand¬
ing bonds and $30,000 will retire bonds yearly at par and Interest (by lot
If not purchasable In the open market).
The following official statement
wras furnished to the Inter-State Commerce Commission, but
the company
pronounces It Improper for publication here, possibly because the wagon
and miscellaneous receipts may not be Included;
Year ending June 30
1906, gross, $117,045; net, $95,369; other Inc., $12,838 lnt. and sinking
fund, $29,051; dlv., $35,000; bal., sur., $44,156.
Pres, and Treas., H. P.
Kells, Cleveland, O. — (V. 67, p. 578.)
,
(THE) ATCHISON TOPEKA & SANTA FE RY.—(See Map.)—The sys¬
operated July 1906 comprised 8,444.72 miles of railroad, and embraced
unbroken line of track from Chicago, Ill., via Kansas City, Mo., and Al¬
buquerque, N. M.. to the Pacific Ocean; also to Galveston. Tex., and the
Gulf of Mexico.
For operating purposes the system Is divided as follows:
Miles. |
Miles.
Atchison T. Sc S. F
6,861.521 Rio Grande & El Paso
20.17
Gulf Colo. & S. F
1,435.861 South Kans. Ry. of Tex....
120.17
tem
an
Total of all June 30 1906....
8.444.72
Also controls through ownership of securities various companies owning
1.093 miles, of which the Pecos Valley & N. Eastern, Santa Fe Prescott &
Phoenix and Denver Enid & Gulf, aggregating 740 miles, are Included In
operations as system lines from July 1 1906. This Is exclusive of 393 miles
of new lines under construction substantially completed on last-named date.
In 1900 acquired control of Gulf Beaumont & K. C. and Gulf Beaumont
& Gt. Northern, which are leased.
V. 76, p. 751; V. 77, p. 1224; also the
Arizona & Utah, 22 miles.
V. 82, p. 48.
In Apr. 1906 the Texas Sc Gulf,
Longview to Tlmpson, Tex., 60 miles, was acquired, and In Aug. 1906 the
Arkansas Valley Ry., projected from Lamar to Rocky Ford. Col., 80 miles,
of which 40 miles completed.
V. 82, p. 99, 867; V. 83, p. 379, 562. Leases
Cane Belt RR., 105 miles (entire stock owned), for 50 years from July 1905.
ORGANIZATION.—This company was organized on Dec. 12 1895 under
the general laws of Kansas by the purchasers at foreclosure sale of the
property and franchises of the Atchison T. & Santa Fe RR. Co., In accord¬
ance with a reorganization plan.
V. 60, p. 658.
The railway company In July 1906 owned In fee 8,401 miles of the system,
and also all, 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. n. 1300: V. 71 p. 27.
Consolidation of con¬
trolled companies (April 1907), V. 83. n. 1347: V 84, p 867.
San Francisco & San Joaquin Valley Ry. was merged In June 1901.
Cut-off from Belen, N. M., to Texico, 250 miles, shortening the main line
about 200 miles, was completed In Jan. 1907.
Road Is projected from
Wickenburg, Arlz., west to Bengal, of which 40 miles completed June 30
1905.
Pronosed cut-off from Brownwood, Tex., to Texico, 350 miles
with branch. 125 miles.- V. 75, p. 28, 980; V. 81, p. 987, 1099, 1375;
Y. 84, p. 219.
Has a joint interest with the Southern Pacific In the Northwestern Paelfic
RR.. incorporated Dec. 31 1906 as a consolidation (see that company!.
Also in Phoenix Sc Eastern, Phoenix. Arlz., to YVlnkelman. 104 miles, and
under construction 81 miles further.
See -Citron c e.” April 27 1907
STOCK.—The preferred stock has preference as to assets and non-cumu¬
latlve dividends not exceeding 5 % per ann., as declared by the board of di¬
rectors out of net profits.
No other mortgage and no increase In the pre¬
ferred stock can be made without consent of ma or tv of all prefe-red stock
out handing and of ai common stock represented at a meet'ng.
The
total authorized amount of preferred stock Is $13i .486.000. of which $10,800,000 Is reserved to acquire other lines; also $6,486,470 In special trust
for Improvements, extensions, &c
Pref. stock certificates In Supplement
of April 1897, p. 3.
In 1906 Oregon Short Line (Union Pacifie) purchased
.
$10,000,000 pref. stock.
V. 84, p. 50, 569.
Stockholders voted Jan. 30 1907 to Increase the authorized common
$152,000,000 to $250,000,000 and create an Issue of not ex¬
ceeding $98,000,000 bonds, to be convertible, on terms to be fixed, into
common stock.
Of the stock or convertible bonds, approximately $25,ooo.ooo is to be offered pro rata to stockhoklers, when money conditions are
favorable.
Yr. 83. p. 1347. 1367. 1468; Yr 84, n 219, 339, 389.
DI V'S (%). 1899.
1900.
1901.
1902. to 1905.
1906.
1907.
On common... 0
0
3 4
4 yearly (J&D)
See below June, 3
On preferred
4
2 l4
5
5 yearly (F&A) '
5
Feb.,2 4
In 1906, on common, June, 2%; Dec.. 2 4 %
BONDS.—The Gen. Mort. (Abstract V. 62, p. 731-739. see also V. 68J
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
7,737 miles of railroad owned, together with all the equipment and terminal*
owned by the company, and future acquisitions.
General mortgage 4s (limited to $165,490,500.)
Reserved
a To retire guaranty fund notes paid and car trusts In 1895.
In 1906.
at not exceeding SI .250 for each $1,000 of old bonds$15,500,000$2,339,38S
b Non-assenting bonds from reorganization of 1889.
1,500,000
504.960
c Chicago Sc St. Louis 1st mortgage 6s
1,500,000 1,500,000
For Improvements, terminals, second track, equip¬
ment, &c., at not exceeding $3,000 000 yearly, of
which not over $750,000 for extensions
30,000.000 5.615 101
For acquisition of Atlantic & Pacific and other lines.
20,000.000 6 731,554
stock from
.
.
.
.
ff5"‘* r hF—*V^a****? ’^ryzr^si’. avtAw*tyeic?njf v-c
v
rfS4,
rn
iT
rr
1
to¬
c
k,..
,
wi ?ur
Gove
ernniKnt Sf^LG'*N\/N\
To
rOi»
“7“
120
/
ALASKA CENTRAL RAILWAY
/Q/
0.4
SHOWING
O-^
LINE
CQ]~J
S-L'abu,
UNDER
CONSTRUCTION
AND
JniLkiJly
4
PROPOSED
Lv>'e'"
r Hor
jlC-
MAP OF
.
/
FUTURE
EXTENSION.
FEET
FAIR BAXKS--E1.-700
LEGEND
***EriKt
MILES
450
Copper
~w-
Gold
400
Coal
A
Tatmnrr^r
^ “
m
x
Horne.
&w
ST-kfki
^Yii-y
/
CU-e^Stav
pArt
*1 —•“
Line under construction
—-—La£‘e \ 4
■p Vo
■*■
BBANKS
Proposed future extension
rV^
,„
444
:«()
/
/.-•sOT®*
imOAD PASS-EL-2300,
Ca
LiD«
Aiivj
BONDS.
RSAATILONWCKDY
1A9.P0H7.,.j
fc'pnialt
s"n
>■
I
riSr-fAuL
AJ
14,j-jTX
/
a
/
Bristol
oilm.kc3x t
ijJ'H 1pi tor ,i?•
s r.
i
A’
QEo,,|Je is.
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/
Wy.
/
hik/XX^ /
A
J,
A
',v*V*CA>
jc
X-v
'4
!
■' ^
A
'
Q>,;;0
V?~^~
Entr
1
•X'^sx
' <"\v' blLn ‘1 D<) i 111
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v.oYr£v
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i
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A
VX/v<T
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-w7
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E1.-10G2
cv>^L4\
—
100
,
/
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RAILWY
STOCKS
AND
BONDS.
[Vol.
lxiv.
Apr., 1907. j
RAILWAY STOCKS AND BONDS
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation
on
Miles
Date
of
of
of column headings, Ac., see notes
first page of tables.
Certificates of Indebtedness (new) $25,000,000
do
do
(old)
Notes, $5,000,000, gold
c&r
Equip, tr. notes, gold, $225,000 due s. a.__ SBnc*
Bonds Underlying First Consolidated 4s.
North East (S C) cons M gold Flor to Charleston..c
Wilmington Col & Aug 1st M (Wllm’ton to Columbia
Atlantic C L of S C gen 1st M (1st on 355 m) g. SBa.c*
Petersburg M class A gold
do
do
class B gold (Petersburg to Weldon).
Richmond & Petersburg 1st M ($24,500 are 7s)
Consol M g (Richmond to Petersburg etc.) ,Ce_.c*
Wllm & Weldon gen M ($938,000 are 4s).SBa.g*c
Wilmington & NewBern 1st M gold assumed.SBa
Nor & Car 1st M gold (P Pt Va to Tar N C)
Ce.c*
Second mortgage gold..
.SBa.c*
Sav Fla & W 1st M gold ($2,444,000 are 5s).M p.e* &r
Charleston & Savannah general M gold
SBa.c*
Bruns & W 1st M Brunswick to Albany g gu..Mp.c
Alabama Midland 1st M g (Balnkto Montg).Mp,xc
Florida Southern 1st M $5,000,000 gold
AB.c*
Sanford & St Petersburg 1st mortgage gold
PeP
Ashley River first mortgage
Sll Sp’O & G 1st M gold (Ocala to Inv & br) __Ta.c*
Wll & Wei ctfs of Indebt for dlv 1887 non-cum Inc
Atlantic & Danville—IstM $4,425,000 g int rentMe.c*
Second mortgage $1,525,000 gold lnt rental
Ta
Atlantic & North Carolina—Stock $1,800,000
First mortgage $325,000
MeBa
Atlantic & St Lawrence—Stock 6 % rental Grand Tr’k
Atlantic & Western—First M $3,000,000 gold
IB
Augusta & Savannah—Stock 5 % rental Central of Ga
.
Size,
.
3,885
89
_
102
239
696
68
68
22
27
479
90
110
110
547
111
169
174
244
145
4
64
....
—
.
'
275
275
1902
1902
1904
1902
1900
1907
1907
J
D
J
J
O
N
O
J
A
O
J
O
J
J
N
J
J
J
J
O
J
J
A
J
S
J
J
1890
1885
1897
1889
1896
1884
1886
1887
1888
1895
1894
1877
1888
1887
1900
1904
Imp’ts written off
10,622 ,184
5,708 ,690
4 ,078, ,220
412 ,253
4,500,,000
1,000
100
1.000
1,000
1,000
3,925,000
775,000
1,797,200
325,000
5,484,000
100,000
1,022.900
£& $100
1903
53
1,000
1887
1,000 &c
100
—
1903.
$62,350, 398
38,437,,110
,858 .453 $25,949,168 $23,913,,288
.926 ,696
,510
9 .61 1
5 ,708 .690
4 ,078 ,220
98
---
,250
—
$25,231, 281
361. 204
1 .758,,120
1,916.137
9.418.800
9,134, 485
5.708.690
5,705,,(’>!)()
4,078,220
4,078,,220
116.800
79,,140
$27,197,942
386,464
—
---
---
422
$3,227,,314
$1 ,955 ,436
$5,572,831
$4,111
OFFICERS.—Chairman of Executive Committee, Victor Morawetz; E.
,
P. Ripley, President: D. L. Gallup, Comp.; H. W. Gardiner, Asst. Treas.
Directors.—Charles Steele, Edward J. Berwlnd, Geo. G. Haven, H. H.
Rogers, H. RIeman Duval, Thomas P. Fowler, Victor Morawetz, New' York;
John G. McCullough, Vermont; B. P. Cheney. Boston; Edward P. Ripley.
Byron L. Smith. Chicago; Andrew C. Jobes, Wichita; Howel Jones, Charles
3. Gleed, Topeka; H. C. Frick, Pittsburgh.
OFFICE.—5 Nassau St.. N. Y.--(V. 84. p. 389, 569, 803, 867.)
ATLANTA & CHARLOTTE AIR LINE RY.— (See Map Southern Rallwav System.)—Owns Charlotte. N. C.. to Atlanta, Ga., 269 miles.
The operating contract of 1881 accepted by the Southern Ry. requires the
payment of Interest on At. & C. debt and 5 % on stock; If gross earnings exoeed $1500,000, dividends to be 6 %. and If they exceed $2,500,000, 7 %.
In 1907 the bonds (three Issues) were extended 3 years.
V. 83, p. 1347.
Stock largely deposited with a committee, W. Emlen Roosevelt, Chairman
(U. S. Mtge. & Trust Co., depositary), until May 1 1910,to prevent In¬
crease of mortgage debt unless stock Is recompensed.
V. 83, p. 1410.
DIVIDENDS,
1 1881 to '89. 1890. 1891 to Mch. ‘01 incl.
Since
Percent—
J 5 yearly.
5M
6 yearly (M. & S.) 7yrly.(M&S.)
EARNINGS.—11906-07. ..Gross, $3,822,696; net, $1,042,556
11 mos., March 1 to Jan. 31/1905-06
Gross, 3,619,432; net,
877,632
EARNINGS.—For year ending Feb. 28 1906, gross, $3,975,698, against
$3,593,773 In 1904-05.
Pres., C. S. Fairchild, N. Y.—(V. 83, p. 1410.)
LATEST
ATLANTA KNOXVILLE & NORTHERN RY.—See Louisville
TERMINAL
CO.—Owns
& Nash.
union passenger station opened
May 14 1905, with approaches, used by Southern Ry., Central of Georgia
Ry. and Atlanta & west Point RR.
Stock, $75,000, owned In equal pro¬
portions by the three companies named, which pay all charges and ex¬
penses on car basis.
V. 76, p. 593, 1394; V. 77, p. 699.
ATLANTA & WEST POINT RR.—Atlanta. Ga., to West Point, Ga.,
8 6 miles.
Georgia RR., June 30 1903, owned $547,200 stock and $388,900
deb. cert.
A belt line around Atlanta, 5M miles. Is operated at rental of
$16,000 yearly, 4 % on Its cost.
V. 71, p. 963; V. 73, p. 1354.
DIVIDENDS begun In 1855 were for many years 8 % per annum.
From
July 1 1884 to July 1901 Inclusive, 6 % yearly, J.&J.; Oct. 1 1899, 25 % ex¬
tra (V. 69. p. 590): 1902 (?); 1903, 6%; 1904. 6%; 1905.6%.
In 1905-06, gross, $1,043,973; net. $397,681; other income, $12,860;
charges, $315,506; dividends, $73,932; surplus, $21,103.
In 1904-05,
gross, $913,208; net, $360,164.—(V. 69, p. 590; V. 71, p. 963.)
6,500,000
1,500,000
1,407,000
2,800,000
2,418,000
275,000
33,500
492,000
100
98
165
$78,044 .347 $68 ,375 ,837 $68,171 .200
15 .517 ,384
48,497 ,518
42,222,032
Rent of tracks, &c
Taxes
Interest on bonds
Dividends on prof., 5%_
Dividends on com., 4°;,.
Miscellaneous
400,000
1,000
1,000
Average miles operated.
8,305
8,180
7,965
Freight earnings
$54,598,903 $47,408,982 $47,762,653 $44,622,439
16.045,380
15,433,774
13,469,986
Passenger
18,013,988
4,257,973
Mail, express, &o
4,921,475
4.974,773
5,431,456
.672 .355
293 .553
1,320,000
A
J
A
5 g & 6 g
J
7 g
4 g
J
M
5 g
J
4 g
J
4 g
J
8
4 g
J
A
7
J
4 g
J
4 g
See text. F
6
J
M
6
5 g
J
5
J
5 g
5 g
LXXX1V.
Bonds—Princi¬
pal, When Due.
Where Payable, and by
Whom
Stocks—Last
Dividend.
Treas Office, Wllm, N C Jan. 10 1907 3%
do
do
Jan. 10 1907 3%
do
do
May 101907 2)4
United States TrCo, N Y July 1 1952
Oct
1 1952
J.P Morgan & Co, N Y
Safe Dep & Trust Co,Balt Dec
1 1954
N Treas Office, Wllm, N C Irredeemable.
J
do
do
Irredeemable.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
tc
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000
1 ,000
1,000
500 &c
1,000
1881
1875
810, 832; see also page 788.
1905.
1904.
$29,546 ,829 $22
$30,893 ,230 $23
225 ,936
1
2,118 ,633
Payable.
6 g
J
657,000
6
J
1,600,000
J
4 g
5,547,000
5 g
J
868,000
6 g
A
800,000
6
M
& 7
340,500
A
300,000
4H g
4,000,000 4 g & 5 g J
4 g
F
106,000
1883
1880
1898
1881
The Eastern Oklahoma division 4s of 1903 ($10,000,000 authorized) will
be Issued for extensions: the present Issue of $6,128,000 Is secured on lines
completed In 1904, viz.: Paul s Valley to Newkirk, Ind. Ter., &c., a total
t^tni
Of 306 miles.
V. 76. p. 434; V. 79. p. 1331.
The $30,000,000 debenture 4s of 1902 were issued to pay for new equip¬
ment, new mileage, permanent Improvements, &c.; $2,500,000 paid off
yearly.
No new mortgage on lines owned when the debentures were issued
can be made without securing debentures thereunder.
See statement,
V. 74, p. 150, 204; also V. 75, p. 680.
The debentures maturing, having
been paid from cash In the treasury, are not Included In the Income account.
V. 77, p. 2338.
The 4s of 1905 ($50,000,000 authorized Issue) are convertible at par be¬
tween June 1 1906 and June 1 1918, and may be called at 110 on.any Interest
day. but when called may be converted Into stock provided the time for con¬
version has not expired.
No new mortgage on lines owned Jan. 1 1905 shall
be made without securing the convertible bonds thereunder.
FINANCES.—Capital expenditures from organization, to June 30 1906,
V. 73, p. 1311; V. 77, p. 632; V. 79. p. 1340-1; V. 81, p. 985; V. 83, p. 833.
Bonds per mile July 1 1906. $28,355.
In 1906 the dividend rate on the
common stock was raised to 5% and In 1907 to 6%.
V. 84, p. 803.
As to
authorization of convertible bonds anil stock in 1907, see STOCK above.
LATEST EARNINGS.11906 07-Gross, $60,624,009; net, $22.657,009.
8 mos., July 1 to Feb. 28./1905-06-Gross,
53,345,295; net, 20.508,068.
Deducting taxes and rentals, balance for Interest In 8 months of 1806-07
was $20,992,930. against $18,893,932.
Road operated, 9,262 average miles
In 1906-07. against 9,199 miles In 1905-06.
REPORT.—Annual meeting third Thursday In October.
Report for
p.
When
%
J
J
N
S
N
D
paid 3%; since, full 4% yearly.
1906.
8,434
Rate
&
&
&
&
&
&
&
&
&
&
The Adjustment Mortgage (Abstract V. 62, p. 739) Is to the Central Trust
as trustee.
Interest Is payable only out of net earnings up to 4 % In each
Present Issue Is limited to $51,728.000,
year, cumulative since July 1 1900.
but when the $30,000,000 general 4s authorized for Improvements as above
have been Issued. $20,000,000 additional adjustment 4s may be issued for
the same purpose at not exceeding $2,000,000 In any one year, but only by a
majority vote of the adjustment bondholders.
Interest—In Nov. 1897
V. 83,
Amount
Outstanding
$100 $47,537,600 6 In 1906 J
100
1,000,000 6 in 1906 J
100
1,596 600 5 In 1906 M
4 g
M
1,000 &c 45,606.850
4 g
M
1,000 &c 35,000.000
J
4 g
1,000
758,000
4
M
100 &c 21,566,600
4
J
100 &c
1,100
5 g
M
1,000 &e
5,000,000
4 g
M
1,000
4,500,000
Co.
year 1905-06 was given In
Years ending June 30—
or
Par
Value.
Road. Bonds.
Atlantic Coast Line RR—Stock common (text)
Class "A” com stock tax exempt (Rich & Pet ctfs)
Preferred stock 5%
First consol M $80,000,000 gold text
_Ls.c*&r
Col tr M gold secured by L & N stock red 105,c*<Scr
M
1st
on Jackson & Sow. $2,000,000 gold __SBa.e*
ATLANTA
[VOL.
KAILWAY STOCKS AND BONDS.
14
S
S New York
Mar. 1
or
1910
Baltimore. To Mch. 1 1917
Cuyler Morgan & Co, N Y Jan
First Nat Bk. NY; & Balt
Safe Dep & Trust Co,Balt
Richmond Office.
do
do
do
do
Brown Bros, N Y
First Nat Bk. NY; & Balt
Safe Dep & Trust Co,Balt
Central Trust Co, N Y
1
June 1
July
July
Oct
May
April
July
Aug
April
Dep & Trust Co,Balt July
United States Tr Co, N Y April
Safe
do
do
do
do
Jan
Jan
Metropolitan Tr Co, N Y Nov
United States Tr Co, N Y Jan
do
do
Jan
Asst Treas, Chariest*n SC Jan
United States Tr Co, N Y July
Treas, Wilmington, N C
Mercantile Trust Co, N Y
Trust Co of America, N Y
Check from Co.’s Office
Nat Mechanics’ Bk, Balt
London and Portland.
International Tr Co, Bost
Savannah. Ga.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1933
1910
1948
1926
1926
1915
1940
1935
1947
1939
1946
1934
1936
1938
1928
1945
1924
1915
1918
Irredeemable.
July 1 1948
July 1 1948
1 1907 1 )$
Feb
July 1 1917
Mar
1907 3%
Jan
1 1944
Jan. 5 1007 2X
ATLANTA BIRMINGHAM & ATLANTIC RR.— (See Map.)— Bruns¬
wick to La Grange, Ga., 287 miles; Sessoms to Waycross, Ga., 26 miles;
Fitzgerald to Thomasville, Ga., 81 miles; branch, Bushnell to Crystal Lake,
miles; Alabama division, Talladega to Ashland, 32 miles, acquired
History, V. 80, p. 115.
Sept. 1 1906; total April 1907, 459 miles.
It Is proposed to build an extension from Montezuma, Ga,, to Birming¬
ham. Ala., 261 miles, with branch from Warm Springs to Atlanta, 77 miles.
Of this Montezuma to La Grange was operated In April 1907; balance ex.
pected to be In 1908. Terminals at Atlanta and Birmingham and steam¬
ship connection at Brunswick have been arranged for. The Atlantic & Bir¬
mingham Ry. was merged In April 1906.
See V. 82, p. 867; V. 83, p. 35,
1290.
The Gate City Terminal Co. will provide terminals at Atlanta.
Jointly with the Seaboard Air Line Ry.
V. 82, p. 1210.
Brunswick S. S,
Co. operates between New York, Brunswick and Havana, Cuba.
V. 82,
33
?.1,596,863.
1267; V. 83, p. 35, 1290. Equipment obligations June 30 1906,
STOCK authorized, $20,000 common and $10,000 5% non-cum.
preferred
mile; par of shares, $100; authorized Feb. 1907, $16,170,700 common
$8,180,700 preferred.
Outstanding In the hands of the public July
1906, $9,743,800 common and $4,822,000 preferred
Additional amounts
to be deposited under collateral trust notes, see below’.
BONDS.—Of the 5s of 1906 ($30,000 000 authorized Issue), $25,000 are
Issuable per. mile of main line and branches, with $10,000 additional for
second track, an amount equal to the par value of prior liens being reserved
to retire the same.
Not exceeding 33 1-3% of this aggregate amount may
be Issued for equipment and not over 30% for terminals and shop facilities.
Three years coupons were clipped from $1,970,000 bonds Issued to retire
preferred stock of old company.
In Feb. 1907 $7,059,000 bonds were
outstanding In the hands of the public.
Additional amounts will be de¬
posited under collateral trust notes, which see below’.
The collateral trust 5% notes ($8,000,000) sold In May 1906 are a Joint
obligation of the railroad and the Atlantic & Birmingham Construction Co.
and will provide for completion of the road and pay for steamships, equip¬
ment, coal and Iron purchases, water terminals at Brunswick and shops.
The notes will be secured by deposit of $6,000,000 Atlanta Birmingham &
Atlantic first mortgage bonds as earned and $4,600,000 preferred and $10,
000,000 common stock (a majority of both classes) and $1,206,000 equip¬
ment notes of the RR., entire stock ($3,000,000) of Birmingham Coal Co.,
owning 5,000 acres of coal lands, anti the Birmingham Iron Co., owning
30,000 acres of coal and 3,600 acres of Iron ore (the latter subject to a $2.
per
and
000,000 mortgage), and the entire stock and bonds ($1,000,000 each) of
Brunswick S. S. Co.
V. 82, p. 1267; V. 83, p. 35, 1290; V. 84, p. 270.
Equipment obligations June 30 1906, $1,596,863.
LATEST EARNINGS.—11906-07
Gross, $1,016,676; net, $249,513
8 months. July I to Feb. 28. /1905-06
Report for
Gross,
ending June 30 1906, in V. 83,
708,934;
net,.
175,619
1093, showed on 324
miles, gross, $1,128,327: net, $349,343; other Income, $5,598; Interest and
taxes. $271,082: balanre, surplus. $73,858.
President, If. M. Atkinson.
Atlanta, Ga.; Secretary. R., E. Culllnane.
Office, Atlanta, Ga.
Directors—II. M. Atkinson, P. S. Arkwright Mortis Brandon, Geo. Dole
Wadley, G. W. Brine. R. E. Culllnane. II. M. Milam, F. M. Sisk, W. B.
Stovall, Atlanta: Gordon Abbott, Boston; A. D. Russell, Percy R. Pinp,
F. L. Eldrklge, New York; W. A. Handley, Roanoke, Ala.; Cecil Browne,
Talladega. —(V. 83, p. 1290; V. 84, p. 270.)
ATI. ANTIC CITY RR.—Camden- to Atlantic City, 57 m. (double track)
branches. Winslow’ Junction to Cape May, N. J., 54 m.: Willlamstown, 23m.;
Gloucester, 12 m.: Sea Isle City, 12 m.; Ocean City, 10 m.; total, 168 miles.
V. 72. p. 1278.
STOCK, com., $2,625,000; pref., $1,000,000 (par. $50).
Reading Co. owns over 99% of stock, and guarantees consol. 4s, principal
and interest.
Form of guaranty, V. 75, p. 1398.
Of the latter, $2,650,000
arc reserved to retire prior lien bonds.
See V. 73, p. 81.
There are also
outstanding $23,500 Sea Coast RR. series A 5s and $2,834 series B 5s.
For year ending June 30 1906, gross, $1,706,642; net, $333,280; fixed
charges and taxes, $212,959; balance, surplus, $120,321,—(V. $2, p. 750.)
year
p.
ATLANTIC COAST LINE CO .— (See Map.)— Organized May 29 1889
under the laws of Connecticut, and-owns a majority of capital stock and a
large amount of the bonds In a system of railroad companies
the title of the Atlantic Coast Line RR. below.
described under
STOCK.—As to certificates
Supplement, p. 3.
wras
4 %
distributed
as a
of Indebtedness, see editorial Oct. 1897,
In 1898 $5,000,000 stock
p. 564; V. 71, p. 1310.
100 % dividend (V. 67, p. 954), and In 1900 $10,000,000
V. 65,
certificates of Indebtedness
(Including $2,500,000 of Atlantic Coast
Line RR. Co.), also a 100% dividend.
V. 71, p. 697; V. 73, p. 493.
In
1906 stockholders subscribed for $2,100,000 stock at par, raising amount
outstanding to $12,600,000.
As to securities pledged to secure equally
the certificates of Indebtedness, see V. 71, p. 1310; V. 83, p. 560.
CASH DIVS.— 1 ’97. ’98. *99. ’00. *01. ’02. ’03. *04. *05. ’06. 1907.
Percent.
4
4H
5
4H 6K
/ 3H
8
8 Below 10 Mar2)S
In 1905, Mch., 2%; June, 2%; Sept., 2H %; Dec., 2V* %.
Balance sheet June 30 1906, V. 83, p. 560.
Chairman of Board, Henry
Walters.
Directors, Oct. 1906, V. 83, p. 890.—(V. 83, p. 890.)
ATLANTIC COAST LINE RR.—(See Map.)—Operates from Richmond
and Norfolk, Va.. on the north, to Fort Myers, Port Tampa and River Jet.,
Fla., on the south, and Montgomery, Ala., and Augusta Ga., on the west
reaching the ports of Norfolk, Va.; Wilmington, N. C., Charleston, S. C.
Savannah ana Brunswick, Ga., and Jacksonville and Port Tampa, Fla.
ORGANIZATION.—Originally the Atlantic Coast Line of Va. (change of
name being authorized April 23 1900);
April 18 1900 absorbed by consolida¬
tion (per plan V. 70, p. 840, 893) the following allied properties: Wilming¬
ton & Weldon RR., Atlantic Coast Line railroads of South Carolina and Vir¬
ginia. Norfolk & Carolina RR.
The Florida Southern and Sanford & St,
Petersburg were merged in April 1903, the $4,241,000 Fla. So. 4s and $775.000 Sanford & St. Petersburg 4s being offered the privilege of exchange for90 % In Atlantic Coast Line consol. 4s.
V. 76. p. 918. 971.
The Atlantic
Coast Line Co. (of Conn.) owns a majority of the stock.
See that company
above.
V. 70, p. 893; V. 71, p. 1116,1310; V. 83, p. 560.
16
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings, Ac., see notes
on first page of tables.
Augusta Southern—First consolidated M gold_.Ce.xc
Augusta Union Station—1st M $250,000 gold
SB
Avon Geneseo & Mt Morris RR—Stock (see text)
Bald Eagle Valley—Stock $2,600,000
1st M originally $400,000 (s f drawn at 100) ..FP.xr
Balt & Annap Short Line—See “Street Railway” Sec.
Baltimore Chesapeake & Atlantic—1st M gold.M p.c*
Balt & Cumberland Val Ry—1st M. Interest rental..
Balt & Cumberland Val RR—1st M Interest rental..
B & C VRR Exten—Stock guar ($270,000 carries 7 %)
First mortgage Interest rental
__Ba
Baltimore & Harrisburg RR—M, gold..MeBa.c* ..
1st M West Ext ($16,000 p m) gold guar..MeBa.c*
Baltimore & Ohio—Common stock $152,750,000
Preferred stock 4 % non-cumulat’e auth $60,000,000
Prior lien mortgage gold not subject to call.Me.c* &r
do
1st M gold
do
of
Date
Size, or
of
Par
Value.
Road. Bonds.
85
1894
1903
94
1880
88
3
5
1894
1879
1879
27
32
15
1881
1886
1888
1898
1,076
1,000
500
100 6cc
50
1,000
1,000
1,000
500
do
•
100
100
&C
&C
&C
&C
&C
&C
&C
&c
«
STOCK.—At. Coast Line of Va. class A (Rich. & Pet. ctfs.) tax-exempt
stock was assumed as so much of the common stock of new company.
In Nov. 1902 $5,000,000 common stock was given In part payment of con¬
trolling Interest In the Louisville 6a Nashville stock, $8,500,000 additional
being subscribed for as part of the same transaction at $125 per share. In
Nov. 1904 $7,330,000 common stock Issued as a 20 % scrip dividend. V. 79,
p. 2204; V. 75. p. 1252.
Stockholders voted Mch. 8 1906 to Increase the total authorized stock to
$60,000,000; of the new stock (all common), $4,557,600 was subscribed for
by stockholders at par In May 1906, raising amount of common stock out¬
V. 83, p. 490, 1295.
standing to $48,537,600.
The preferred stock ($18,850,000) was In 1902 mostly exchanged for 125 %
In 4 % certificates of Indebtedness.
V. 75, p. 1252.
DIVIDENDS (%) —
’00. ’01. ’02. ’03. ’04. '05. *06.
1907.
Common (Including Class “A”)
2 % 3H 5
5
a5
6
Jan., 3
Preferred (M. & N.)
5
5
5
5
2H 5
5
May, 2 M
a Also 20 % In common stock scrip and 5 % In Atlantic Coast Line Co. 4 %
certificates of Indebtedness.
V. 81, p. 1558.
-
BONDS.—First consol. 4s of 1902 ($80,000,000 authorized, limited to
$20,000 per mile) are a first lien on about 958 miles of road and a blanket
lien on 2,927 miles owned, subject to the underlying bonds.
The first
issued
or
reserved
as
follows:
Issued for refunding. &c., V. 75, p. 76; V. 77, p. 1872; V. 78,
p. 819; V. 81 p. 263
$45,606 ,850
Reserved to take up underlying liens
28,673,860
Reserved for extensions, Improvements and equipment
5,719,300
A mortgage for $2,000,000 was authorized li Nov. 1904 to acquire the
Jacksonville 6a Southwestern, Mllldale, near J? rsonvllle, Fla., to Ander¬
son. 89 miles, and to extend the road 80 miles.
81, p. 1559.
As to the $35,000,000 collateral trust 4s of 1902, see “Organization”
above.
They are subject to call at 105 In amounts not less than $100,000.
In 1907 Issued $4,500,000 4%
5% straight 3-year gold notes.
equipment trust notes;
V. 84, p. 219, 506
LATEST EARNINGS.— \1906-07..Gross, $17,340,583;
8 mos., July 1 to Feb. 28. J1905-06._Gross,
15,889,701;
REPORT for the year ending June 30 1906 was given at
p.
1287, 1295 (see also editorial,
p.
also $5,000,000
net, $4,364,136
net,
5,293,908
length In V. 83,
1263).
1905-06.
1904-05.
1903-04.
.$24,868,448
16,892,199
$22,222,902
14,189,767
$20,544,975
12,827,093
$7,976,249
729,934
1,836,000
$8,033,135
593,749
1,683,000
$7,717,882
585,154
1,530,000
Total net receipts
$ 10,542,183
Interest on bonded debt, &c
$4,862,448
Int. on certs, of Indebtedness
862,792
Dividend on common stock
.(6)2,638,800
Dividend on preferred stock (5%)
79,830
$10,309,884
$4,783,427
856,744
(5)2,015,750
36,335
$9,833,036
$4,692,015
857,538
(5)1,832,500
86,335
Gross receipts
Operating expenses
and taxes
Net receipts from traffic
Other income..
Dividend on L. & N. stock
-
.
.
_
_
Balance, surplus
$2,098,312
$2,567,627
$2,364,647
OFFICERS.—Chairman of Board, Henry Walters; President, T. M.
Emerson; 1st Vice-Pres., Alexander Hamilton; 2d Vice-Pres., C. S. Gadsden;
3d Vice-Pres., J. R. Kenly; Gen. Man., W. N. Royall; Sec.. Herbert L.
Borden; Treas., James F. Post.—(V. 84, p. 101, 219, 506, 569.)
.
ATLANTIC & DANVILLE RY.—(See Map Southern Ry.)—West Nor¬
folk to Danville, Va., 203 miles, three branches, 22 miles; James River Jet.
to Claremont (3-feet gauge), 50 miles; total, 275 miles.
Leased to Southern
Ry. from Sept. 1 1899 to July 1 1949 for taxes, repairs, maintenance and
oash rental sufficient to cover Interest charges, with privilege of renewals for
terms of 99 years.
In addition the Southern Ry. agrees to pay the same
rate of dividends on common stock as paid on its own common stock. V. 71,
p. 447; V. 79, p. 625.
STOCK.—Com., $2,180,800. Pref. shares were canceled prior to July 1
See V. 71, p. 181, 862; V. 73, p. 722, 956; V. 79, p. 625.
1904.
Outstanding
%
Payable.
5 g
4 g
$400,000
225,000
225,000
1,535.000
296,000
3*4
10
6 cur
J
J
J
F
J
6a
&
&
&
&
Where Payable, and
D
J
J
A
J
3*4 g
.
4 g
171,000,000
f
4 g
,
145,000,000
3H g
5*4 g
3*4 g
(
1*6.175,480
J
3*4 g
.
31,347,000
4 g
See text.
4 g
274,000
4 g
114,000
58,000
4 g
4 g
1,009,000
4« g
7
638.000
6 g
a959,000
5 g
a250,000
al91,000
5 «
ned by Bal tlmore &
L. E. & W. Va. Syst
.
J P Morgan 6a Co , N Y
Safe Dep 6a Trust Co,Balt
Erie RR, New York
Broad St Station Phlla
A
J
•
6a
6o
M
6a
6a
J
6a
J
J
6a
A
6a
Ohio.
em 4s.
Stocks-—Last
Dividend.
Dec
July
Jan
Feb
Fidelity Trust Co, Phlla July
6a
S Broad St Station, Phlla
6a
J Farm 6a Mech Bank,Balt
do
6a
J
do
J
do
do
6c
do
J
do
&
N
do
&
do
do
N
do
6a
S Co.’s Office,2 Wall St,NY
&
do
S
&
do
do
J
«fc
do
do
do
Q —J
A
do
&
0
do
do
do
Q —J
do
J
J
6a
do
do
do
Q —3
do
do
M 6a N
do
do
Q —F
N
M &
do
do
D
J
&
do
do
do
M &
S
do
5 g
M
1,250,000
6
J
48,500
6
J
72,800
J
5 & 7
390.600
6
J
230,000
5 g
M
690,000
5 g
M
240,000
See
text.
M
152.604,100
60,000,000 4 In 1906 M
172,820,000 7
3Mg J
J
by
Whom.
O
J
do
do
do
do
S
J
J
J
o
do
do
do
do
do
do
do
do
do
do
’
1 1924
1 1953
1 1907 1 M
1 1907 5
1 1910
Sept 1 1934
July 1 1929
July 1 1929
Jan
1
1907
1931
Nov 1 1936
May 1 1938
Mar 1 1907 3 %
Mar 1 1907 2%
July 1 1925
July 1 1925
July 1 1948
July 1 1948
July 1 1925
July 1 1925
Nov 1 1925
Nov 1 1925
Nov 1 1941
June 1 1948
March 1 1911
July 1
Oct
1
1935
July 1 1946
Sept 1 1930
Jan
1
1909
July 1 1922
July 1 1922
Oct
1
1907
BONDS.—Of the $4,425,000 4s of 1900, $500,000 can be Issued only for
Improvements upon request of Southern Ry., Interest charges to be covered
by Increased rental.
Of the $1,525,000 second 4s remaining, $750,000 will
be issued July 1 1909.
V. 77, p. 195.—(V. 79, p'. 785, 967 )
ATLANTIC & GULP SHORT LINE —See V. 73, p. 615; V. 76. p. 1354.
ATLANTIC &. LAKE SUPERIOR RY.—In July 1904 operated Metapedla
Quebec to Paspeblao, 100 miles (Bale des Chaleurs Ry.); owned St. Gregolre
to Nlcolet, 7 m.; St. Francis to Yamaska, 6 m.; Yamaska to Sorel, 10 m.;
L&chute to St. Andrews, 7 m.; total, 130 miles.
Was under construction,
Paspeblao Jet. to Port Daniel, 21 m.; Plerrevllle to Nlcolet, 15 m.; St. Gre¬
golre to Chaudlere Jet., 67 m.
The reorganization plan filed Mch. 1907 was given In V. 84, p.,929, pro¬
viding for Issue of $750,000 preference, $1,250,000 ordinary and $500,000
deferred certificates of participation In exchange for £500,000 A. & L. S.
79,p.732.2204.
In Oct. 1902 acquired $30,600,000 ol the $60,000,000 Louisville & Nash¬
ville RR. stock for $10,000,000 cash, $35,000,000 In 4% collat. tr. bonds
and $5,000,000 stock.
V. 75, p. 733, 792, 905; V. 79. p. 785.
Lines owned—(jCon.)
Line* owned and trackage.
Miles.
Miles.
Paola Jet. near Sanford to St.
Richmond, Va., to Port Tampa,
Fla
906
Petersburg, Fla
145
Palatka, Fla., to Brooksvllle
145
Norfolk, Va., to South Rocky
.115 Mllldale, Fla., to Anderson
Mount
89
1,420
Contentnea to Wilmington
105 Branches, &c
Leased—
Miles.
Wilmington, N. O., to Pee Dee
97 Central RR. of S. Carolina—
Junction
Lane
to
40
Sumter, S. C._
Florence, S. O., to Augusta, Ga—166
40
Sumter to Columbia
43 Other lines
Tadkln Jet. (Wilmington, N. C.)
Total In earnings..
116
to Sanford
4,333
Closely allied lines—(see each co.)
Waycross, Ga., to Folkston, Ga._ 34
6,271
Jesup, Ga., to Montgomery, Ala.354 a Louisville & Nashville
Brunswick, Ga., to Albany
.169 a Charleston 6a West Carolina.. 341
a
Northwest’n
RR.
of
So.
Car..
71
Dupont Jet. to Fort Myers, Fla..349
Also owns one-sixth Interest In the Richmond-Washington Co. and onehalf Interest In Atlanta (Ga.) Belt Line Co., 5 H miles.
Leases, jointly with
the Louisville 6a Nashville RR., the Georgia RR., which operates and con¬
trols 571 miles.
are
When
1,000
ATLANTIC COAST LINE RR.— {Concluded) —
Savannah Flor. 6a Western Ry. (“Plant System”), which owned and
controlled 2,235 miles, was merged July 1 1902.
V. 74, p. 774, 829. The
Jacksonville 6a Soutnwestern, Mllldale. near Jacksonville, Fla., to Ander¬
son, 89 miles, was acquired In July 1904, and Is being extended 80 miles,
consols
Rate
100
50
•
V.
Amount
$1,000
1,000 &c
•
Bonds—Princi¬
pal. When Due.
500
1,076 1898
registered
500
redeemable at 105 after 1923_..Us.c*&r 1,657 1898
do
500
1,657 1898
registered
930
500
1899
Southwestern Dlv 1st M $45,000,000 gold.F.c*&r
do
500
do
1899
930
registered..
500
384
1898
Pitts Jet 6a Mid Dlv ($20,000,000) 1st M g..Ce.c*&r
do
do
500
384
1898
registered
P L E & W V Sys ref g red 100 after 1925.. Un.c*&r 1,642
1901
1,000
New York Dlv
Term 1 sfc M $ 10,000.000 gold
1905
1901
i ,666
Conv debenture $15,000,000 gold redeem, see text
Bonds Underlying First Mortgage 3 ^ %
1853
500 &C
Loan 1853 extended In 1885 gold
377
1868
1,000
Pittsburgh 6a Con 1st M extended In 1896 In gold
Bonds Underlying Pittsburgh Junction A Middle Divisi on 3*4 5
1886
Cent Ohio $2,500,000 con 1st M (1st loan) g.MeBa.c
144
1,000
116 1869
1,000
Sandusky Mans & Newark $2,300,000 lst'M.Un.c*
7
1882
1,000
Pittsburgh Junction 1st M $1,440,000 gold._Me.c*
7
1894
Second mortgage $300,000 gold
1,000
Me.c*
1887
Pittsburgh Jet Ter 1st M $500,000 gold gu p&l-.Me
a " Total Issued ” shown In first left hand colu mn, b alance being ow
Pittsb.
c In addition $7,635,050 are pledged as part coll ateral for the
>'
[VOL. LXXXIY
RAILWAY STOCKS AND BONDS
and £409,000 B. des Ch. bonds, &e.
See also V. 82, p. 1039.
In Dec. 1906
the Atlantic Quebec & Western Ry. was proposing to apply for permission
to purchase the road.
V. 83, p. 1522.
During year 1903-04 road was operated by trustee for bondholders. Stock
authorized, $10,000,000; par, $100; Issued, $2,602,500. Bonds outstanding
as collateral, £500,000 4s. For year ending June 30 1904, gross $57,346; net,
$11,663. Pres., Hon. J. R. Thlbaudeau; Sec., Edgar N. Armstrong, Mont¬
real.—(V. 82, p. 1039; V. 83, p. 1522; V. 84, p. 929.)
ATLANTIC & NORTH CAROLINA RR.—Beaufort to Goldsboro. N. C..
98 miles; New Bern to Bayboro, 17 miles; total, 115 miles.
State of
North Carolina owns $1,266,500 of $1,797,200 stock.
Leased from Sept.
1904 to Jan. 1 1996 to Atlantic & North Carolina Co. (the lease being
later transferred to Norfolk & Southern Ry.) for Interest on bonds, taxes,
&c., and dividends at 3% yearly for 20 years, Increasing
% yearly every
ten years until 5% Is reached: thereafter-6%; lessee also agrees to expend
$250,000 bv Sept. 2 1907 for Improvements and equipments. V. 79, p. 967.
’93. ’94. ’95. ’96. ’97. ’98. ’99. 1900-04. Under lease
DIVIDENDS.—
Per cent.
2202222
0
see above.
EARNINGS.—For year ending June 30 1906, gross, $407,694;
net,
$154,739; other Income, $7,246, Int., taxes, <fcc., $105,607; dividends,
$53,916; bal., sur., $2,462. Pres.. Frank S. Gannon.—(V. 83, p. 1590.1522.)
ATLANTIC QUEBEC & WESTERN RY.—V. 83, p. 154; V. 84, p. 692.
ATLANTIC VALDOSTA & WESTERN RY.—See Georgia So. 6a Fla. RR.
AUGUSTA & SAVANNAH RR.—Mlllen to Augusta. Ga., 53 miles. In
1895 re-leased to Cen. of Ga. for 101 yrs. at 5 % on stock.—(V. 61, p. 239.)
AUGUSTA SOUTHERN RR.—Owns from Augusta to Sandersvllle, Ga.
80 m., and Sandersvllle & Tennille RR., 4 m.
The Southern Ry. In Jan.
1901 acquired about four-fifths of the stock.
V. 73, p. 343. Com. stock,
$400,000; pref., $350,000; par. $100.
Year ending June 30 1906, gross.
$166,727; deficit under operating, $8,356; total deductions, $26,891;
balance, deficit. $35,247.--(V. 80, p. 2219, 2456.)
AUGUSTA UNION STATION CO.—Owns union passenger station at
Augusta, Ga., used by all roads entering the city, the latter under their oper¬
ating contract providing for Interest on the bonds and 4 % dividends on
stock. Stock, $75,000 (5 % paid In), held equally by Southern Ry., Atlantic
Coast Line RR. and Georgia RR. V. 78. p. 2333; V. 79, p. 500. President,
Thos. K. Scott; Sec. and Treas., Carlton Hillyer.—-(V. 82, p. 48.)
AUSTIN & NORTHWESTERN RR.—See Houston 6a Texas Central Ry.
AVON GENESEO & MT MORRIS RR.—Mt. Morris to Avon, N. Y., 18
m.
Leased to Erie RR. Feb. 26 1896 In perpetuity at 2H % on stock for 4
years from Jan. 1 1896, 3 % forrl year more and 3 H % thereafter.—(See V.
63. p. 512; V. 62, p. 318, 589.)
BALD EAGLE VALLEY RR.—Owns from Vail Station, Pa., to Lockhaven, Pa., 51 m.; branches to Sugar Camp, &c., 43 m. Leased to Penn.
RR. Co. for 99 years from Dec. 7 1864.
Rental, 40% of gross earnings.
Cash dividends of 10 % yearly (F.&A.) are paid; on May 1 1906 a 9 % stock
dividend was paid
V. 82, p. 867.
Rental 1906, $502,702; other Inc., $44,393; Int., taxes, &c., $47,427; dlv.
(10%), $146,942; bal., sur.. $352,726.
Rental in 1905, $487,404.
Penn.
RR. Jan. 1 1907 owned $769,800 stock.—V. 66, p. 708; V. 82, p. 867.)
BALT. & ANNAPOLIS SHORT LINE RR.—See Street Railway
section.
BALTIMORE CHESAPEAKE & ATLANTIC RY.—Owns Claiborne to
Ocean City, Md., 87 m.; branch, 1 m.; total, 88 m.; from Claiborne to Balti¬
more, 44 m., transfer Is made by water; steamer lines owned, 1,131 m.; total
mileage owned and operated, 1,219 m. Controlled by Penn. RR. and allied
lines.
V. 69, p. 541,590; V. 59. p. 371.
Pref. stock, $1,500,000 5 % cum.;
common, $1,000,000. Div. on pref., 2 %, Mch. 1 1905; Mch. 15 1906, 3 %.
The stockholders voted on Jan. 26 1905 to
acquire a majority of the stock
of the Maryland Delaware 6a Virginia Ry., extending from Queenstown,
Md., to Lewes, Del., with branches, a total of 77 m.,and guarantee $2,000,-'
000 of its first mort. bonds. See that Co., V. 80. p. 116. 1058.
Fiscal year now ends Dec. 31.
Report for year ending Dec. 31 1905 In
V. 82, p. 1319.
In 1906. gross, $910,013; net, $220,601; other Income,
Interest
and
$14,696;
taxes, $78,861; dividend on preferred stock (2%),
$30,000; net income, $126,437.—(V. 82, p. 1319.)
BALTIMORE & CUMBERLAND (RR. AND RY )—The Railroad ex
tends from State Line, Md., to Waynesboro, Pa., 4.55 m.; stock $76,700, in
$50 shares. The Railway extends from Edgemont, Md., to State Line, Pa.,
3 ra.; stock, $42,500, In $100 shares. Both are leased to Western
Maryland
RR. for 50 years from July 1 1879, with
privilege of renewal or purchase;
rental. Interest on bonds.
BALTIMORE & CUMBERLAND VALLEY EXTENSION RR.—Waynes¬
boro to Shlppensburg, Pa., 26.52 m. Leased to Western Maryland RR. for
50 years from July i 1881, with privilege of renewal for Interest on bonds
and dividend on stock, amounting In all to $38,730. See table above and
V. 75, p. 665.—(V. 75, p. 665.)
BALTIMORE & HARRISBURG RR.—Emory Grove, Md., to Orrtanna,
Pa., 59 m., with branches7 m., total, 66 m. Leases Balt. & Harrisburg Ry.,
Western extension, Orrtanna to Hlghfleld, 15 m., guaranteeing Interest on
Its bonds.
Leased to Western Maryland RR. for 50 years from Oct. 25
1886; rental. Interest on bonds and 5 % on preferred stock (all paid M. <fc N.).
Stock, common, $690,000; pref., $29,100.—(V. 44, p. 812.)
-
BONDS.
RSAATIOLNWCDKY
1a9p0e7..J,
18
RAILWAY STOCKS AND BONDS
R AILROA DS.
INTEREST OR DIVIDENDS.
Miles
column headings, Ac., see notes
first page of tables.
For explanation of
on
Date
of
c
Size,
Pittsburgh Clev & Tol 1st M g
Pittsburgh Newcastle & L E 1st M extended In gold
Pittsburgh A Western 1st cons M $10,000,000 g..c*
Road. Bonds.
Ellwood Short Line lirst mortgage g $300,000._G
W Va & P 1st M gold 5s scaled; red at par. .MeBa.c*
leased Lines, Etc., Securities
Balt A New York RR 1st M gold guar
MeBa.c&r
Mon River Coal M $1,500,000 gold s f redeem at par
Schuylkill River E S RR 1st M gold guar p A 1 end
Staten Isl Rapid Tran 1st M $1,000,000 g $ or £. Use*
New mortgage $5,000,000
Staten island Ry 1st M $1,000,000 gold
Me.c*
Baltimore A Ohio Equipment Obligations—
Ground rent liens, mlsc car trusts, etc, June 1906.
altimore & Potomac—See Phlla Balt A Washington
danger & Aroostook—Stock, see text
First mortgage ($16,000 per mile) gold
_G.e*
(4)B.
Second mortgage gold
Ism
First mortgage Piscataquis Dlv $1,500,000 g __G.c*
V Bur Extension 1st mortgage $500,000 gold-.G.e*
Aroostook Northern 1st M $225,000 gold
G.e*
Consol refunding mortgage $20,000,000 irold.OB.e*
Medford Extension 1st M., $1,000,000, gold
Aroostook County bonds (assumed)
x Ail except $21,000 owned by Baltimore A Ohio.
77
30
215'
3
176
Amount
Rate
When
Outstanding
%
Payable.
!
1,000
1,000
1,000
1.000
.
1882
187H
1887
1800
1800
1,000
100 Ac
1,000
1,000
1,000
1880
1895
1903
1883
1905
1893
12
11
M
J
J
A
A
A
A
A
do
do
N
May-1
I) Amer Bonding A Tr,Balt Dec
1
D
,June 1
O Foot Whitehall St, N Y
jJan
1
1939
1945
1925
1913
*13
J
A
D New York City.
1943
i
211
211
77
33
1,550,000 4 In 1906 J
&
A
A
A
A
A
A
15V4
412,
28
1,000
1,0001
g
14 g J
M
g
F
g
M
g
J
g
A
g
F
g
•J
g
F
g
A
g
J
J
F
i
1893
1895
1899
1899
1897
1901
1907
5 g
6 g
4 g
6 g
‘666
511,000
4
3,360.0001
1,000
1,0001
1,000
1,000
117,000’
1,500,000
1,000!
fi
500,000
225,0001
1
,066,000'
1.000.000!
’92-’95
728,000;
.
..
HISTORY.—Receivers were appointed In .Feb. 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 foreclosure and the road
vastly Improved In physical condition.
The B. A O. Southwest, was reor-
Issuedmortgage
under theofplan
fanlzed,
oreclosed.
per plan
In 1900
In V. 67.securities
p. 688, the consol,
1893ofhaving
been
reorganiza¬
wore
tion of the Cent. Ohio and other lines.
V. 67, p. 688, 1206, 1356.
In May
1906 the holdings of Consolidation Coal stock were sold. V. 82, p. 1039.
READING CO., &c.—In 1901 $6<8,565,000 (virtual control) of the $140,000,000 Reading Co. stock, consisting of $12,130,000 first pref., $28,530,000
second pref. and $27,905,000 com., was acquired, the Lake Shore & Michi¬
gan Southern Ry. Co. (Vanderbilt system) taking about one-half. In 1904
the B. A O. and L. S. A M. S. each sold $3,950,000 of thecommon. V. 76, p.
101; V. 80, p. 1856. In 1903 a one-sixth Interest In $6,924,200 of the $11,000.000 Hocking Valley Ry. com. stock was acquired. V. 77, p. 1225; V. 79,
p. 2746; V. 83, p. 37.
PENNSYLVANIA RR. INTEREST.—The Pennsylvania RR. Co. pur¬
chased a large Interest In 1900-01 and on Jan. 1 1907 owned directly $14,273,600 pref. and $5,725,000 com. stock; also-—through the Northern Cen¬
tral and Phlla. D. A W. (each owning one-half)—$2,000,000 pref. and $2,097,400 com. stock, and through tlie Pennsylvania Co. $5,000,000 pref. and
V. 70, p. 76; V. 74, p. 528; V. 78, p. 1276.
$13,451,200 com. stock.
In
Sept. 1906 tlic Penn. Pit. sold about $32,33 1,200 com. and $7,206,400 pref.
B. A O. stock held (approximately half its total stock holdings), the Union
Pacific system (Oregon Short Line) purchasing same.
V. 83, p. 562, 686
1036; V. 84, p. 50. 569.
STOCK.—Authorized Issues; Common, $152,750,000, see “General Fi¬
nances” below; pref. 4 % non-cumulatlve. $60,000,000; outstanding, see ta¬
ble above and “General Finances.”
Pref. stock dlvs. are limited to 4 %.
(Sec V. 71. p. 1166. and editorial, p. 1143; V. 72, p. 1186.)
DIVIDENDS.— 1900. 1901. 1902. 1903. 1904. 1905. 1906.
1907.
4
4
4
4
4 4
5 H
Common (%)
2
Mch.. 3
4
4
4
4
4
4
Preferred (”.',)
4
Mch., 2
In 1906, on com., Mch. 2U%; Sept., 3%.
V. 82. p. 1436.
BONDS.—(1) Prior Lien 3 4 %. a first lien on main line and branches,
Parkersburg branch and Pittsburgh division, about 1,076 miles of first track
and 1,325 miles of second, third and fourth tracks and sidings, and also all
the equipment now owned of the value of upwards of $20,000,000, or here¬
.
after acquired.
Total authorized, $75,000,000, of 'which.$5,000.000 to be
Issued only after Jan. l 1902 (at not exceeding $1,000 000 a year) for the
enlargement betterment or extension of the properties covered. Sec appli¬
cation to list, V. 69, p. 30; V. 78. p. 1906.
,
(2) First Mortgage 4 % Gold Bonds, Due July 1 1948, but subject to call.
or In part, after July 1 1923, at 105; a first lien on the Philadelphia,
In whole
Chicago and Akron divisions and branches and the Fairmont Morgantown A
Pittsburgh RR., covering about 581 miles of first track and about 573 miles
sidings; also on the B. A O. Terminal
They are also a lien, subject to prior
property and the Baltimore Belt RR.
lien rnort. upon main line. &c.
See app. to list, V. 69. p. 30; V. 79. p. 211
Total authorized (lncl. $49,975,000 Issued at reorganization) ..$165,000,000
Of which reserved to retire prior lien bonds In 1925..
75,000,000
Issued and Issuable for betterment or extension of the prop¬
erties 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
27,000,000
(I) Southwestern Division 1st Mortgage 3 4 percents. Virtually
a first lien upon the properties constituting the B.
A O.
Southwestern RR. system, or the securities representing the
same, covering about 930 miles of first track track and about
401 miles of second track and sidings. Total Issue
$45,000,000
07 which Issuable only at the rate of not exceeding $1,000,000
per year for the enlargement, betterment or extension of
properties covered, originally
5.000,000
A O. Pitts. Jet. A Mid. Dlv. 3 4 per cents. Expected to
be ultimately a first lien upon the railroads of the Cent. Ohio
system and Pitts. Jet. RR. Co., 385 miles ln all. Total au¬
$20,000 000
thorized issue In no case to exceed
Of which to be Issued only at the rate of not exceeding $ 1 .000,000 per year for the first two ^rears and thereafter at the
rate of not exceeding $500,000 per year, for the enlarge¬
ment, betterment or extension of the properties covered
5,000,000
by the mortgage
—
—
Of which In partial exchange for old bonds.
..........
10,569.000
Sold to a syndicate for cash requirement*..
4,000,000
Oct
1
1933
[June 1
1996
do
'Jan
do
1 1930
do
do
,Noy 1 1995
do
do
I Feb
1 1919
do
do
(March 1 1950
do
do
;June 1 1936
do
do
April 1 1937
do
do
1920
.Aug
do
do
July
1922
do
do
1908
Aug
do
do
Oct
1922
First Nat Bk, Allegheny June
1917
J P Morgan & Co, N Y
1917
•July
New York City.
'Jan
1920
Co.’s Office,2 Wall St,NY [April
1990
—
g
J
J
A
g
5
5
5
5
4
5
4
g
g
g
g
g
June 1
j
!
100
1,000
...
Co.’s Offlce,2 Wall SI
do
do
See text.
’"
i
50,000
803,000
5,000,000
1,000,000
1,000
1,000
Dividend.
A
g
i
•5 t'2
Stocks—Last
;
O
D
J
N
A
S
D
O
A
J
A
O
D
J
A
O
890,000
950,000
3,302,000
700,000
228,000
2,000,000
2,941,000
376,000
303,000
50.000
441,000
82,100
765,000
300,000
4,000,000
1,000
1,000
A
J
pal, When Due.
Where Payable, and by
Whom.
A
A
A
A
A
A
A
A
A
A
A
A
&
A
A
A
5
5
4
4
5
5
5
5
6
6
6
6
$5,000,000
1,000
1,000'
1,000
1,000
Pr.\lcnZ\4%M.—(1.076m.) Miles|Pittsburgh A Western
a21
77
Balt, to Wheeling, Belpre, 0..&C.721 Pittsb. Cleveland & Toledo
Cumb. to Pittsb. A W., &c
355 Pittsb. Palnesv. A Falrport
53
Eastern Ohio
17
1st M. 4 %.—(581 miles)
A
Trumbull
Balt, to Phlla. and branches
137
Mahoning
11
Monongahela
River
RR
30
Chicago, Ill., to Akron, O
378
Brancnes to Fairmont, W.Va.,&c 66 Clev. Terminal A Valley
92
Cleve. Lorain A Wheeling Ry
South W. Dlv. 3H% M.—
Wheeling to Cleveland, &c...al95
Belpre,O.. viaClncin. toSt.L,,&c930
Ohio River RR. Lines—
Pitts.Jct. 3M % M.—(384 miles)
Benwood to Wheeling, &c
Bellalre to Midland City, O
1
a265
Shawnee to Sandusky, O
/ 377 West Virginia Short Line RR
58
74
Pittsburgh Junction RR
7 Ohio A Little Kanawha RR..
P.L.E.AW.V.SysA %M.(xl ,642m)
West Virginia A Pittsburgh
176 Total of all (adding Baltimore
Belt and other lines)
4,485
x Includes 384 m.. also covered by Pitts. Jet. 1st M. a See this company.
j
lxxxiv.
Bonds—Princi¬
1
$1,000
BALTIMORE A OHIO RR.—(See Map.)—ROAD.—Operates from Bal¬
timore to Philadelphia and Baltimore to Chicago, Cincinnati and St. Louis,
the total mileage leased, owned and operated being, In July 1906, 4.029
miles.
The “Royal Blue Line” (see Central RR. of N. J.) gives the road
access to New York.
The system embraces, subject to mortgages, the following lines:
of second, third and fourth tracks, and
or
Par
Value.
of
Baltimore & Ohio (Concluded) —
Bonds Underlying Pittsburgh Lake Erie A West
Virgin la 4s
192
1893
Clev Lor & Wheel cons M (now 1st) gold__ I'sm.c*
General mortgage $1,000,000 gold red 105
1890
192
N.c'
102! 1900
Con ref M $10,000,000 gold red at 102^ ..CoLc*
Cleveland Term & Valley 1st M gold guar.-Me.c*<Scr
88
1895
30
1889
Monongahela Rlv RH 1st M gold guar & & O..Ce.c*
72
Ohio A Little Kail Ry 1st M $250,000 red 105 gold
1900
172
1886
Ohio River lirst mortgage ($2,000,000) go!d_.FP.c*
209
General mortgage ($5,000,000) gold 1st on 30 me*
1887
Rav Sp & G1 1st M $400,000 g guar p & lFP.c*
33
1890
11
1892
Huntington & Dig S 1st M 1$400,000) gold guarc*
13
1888
Ripley A Mill Creek 1st M g gu p A i endorsedc*&r
new
[ Yor..
A
A
J
Jj
Jan
J GuarTrust Co, New York'Jan
J[
do'
do
0[
do
do
July
'Jan
Co'Jan
Oj
?lo
do
Oct
J Brown Bros, NY; A Bost.iJuly
O New York Guar Trust
g
Various.:
H
Sep
5 1907 2%.
1 1943
1 1945
1 1943
1 1943
1 1947
1 1951
1937
12-July IS
Of this Issue $6,175,480 Is In hands of the public and $7,635,050 pledged
part collateral for Pitts. Lake Erie A West Va. System 4s.
Note.—The underlying bonds still outstanding In July 1906 are In table
at top of page.
Tne underlying stocks still In the hands of the public ag¬
gregated $21 427 par value.
as
(5) Pittsburgh Lake Erie A West Virginia System mortgage refunding 4 %
gold bonds (authorized amount $75,000,000) are a lien on 1,642 miles
consisting of the Ohio River, Cleve. Lorain A Wheeling, Pittsburgh A West¬
ern, Ac., forming a direct connection with Pittsburgh, Cleveland, Falrport,
Lorain and Sandusky, subject to underlying bonds outstanding thereon
In Sept. 1905 $29,060,950 additional underlying bonds.
(see table above).
Including $7,635,050 Pittsburgh Junction A Middle Division 3 4s. wereheld in trust as part security.
Of the total issue of bonds, $32,785,000 are
reserved to retire underlying bonds and the remaining $10,868,000 are issu¬
able for additions and improvements. See full statement, V. 74, p. 266; V.
79. p. 2793; V. 80, p. 1423.
(6) The 4 % debentures of 1901 are convertible at the option of the holder
Into common stock at par on 30 days’ notice (see V. 73, p. 1159); they may
be ca!’ed for payment at par and interest on any interest day, In the inverse
order » f their numbers.
V. 72, p.282; V. 73, p. 337, 1158; V. 75, p.549.
(7) New York Division and Terminal 1st 4s (authorized amount, $10,000,000) are secured by deposit with the trustee of all the Staten Island
Rapid Transit refunding 4s as Issued ($5,000,000 authorized) ,all the $350,000
Balt. & N. Y. 1st 5s and the entire stocks of those companies.
Of the
bonds $3,950,000 were Issued on June 30 1906 but held In the treasury, thebalance being reserved for the further equipment, development and exten¬
sion of the Staten Island properties, Including the Balt A N. Y. Ry.
V. 83,
1042.
LEASED LINES.—Schuylkill River East Side 5 % bonds were purchased’
Dec. 1 1903 at 110, per V. 68, p. 40, and $5,000,000 new 4s Issued, guaran¬
teed p. and 1., by endorsement. V. 77. p. 1745; guaranty. V. 81, p 727The West Virginia* Pittsburgh (see agreement In V. 67. p. 1310), has been
operated since Sept. 1 1899/under a 99 years’ lease, for 4 % on the mortgage,
to be appropriated to
payrfient of bond Interest, the B. & O. having the op¬
tion for 5 years to purchase the bonds at par and accrued Interest on 60
days’ notice. V. 69, p. 439.
The B. A O. acquired’at 125 $1,956,000 of the $2,400,000 Pittsburgh
Cleve. A Toledo bonds.
V. 70. p. 632; V. 76, p. 47.
FINANCES.—In Sept. 1901 the authorized Issue of common stock was In¬
creased from $45,000,000 to $60,000,000, to provide for conversion of $15,000.000 debenture 4s Issued In March 1901 for Improvements. *c. (V. 72, p.
282 337). In July 1906 $14,726,000 debentures had been converted. Stock¬
holders In 1901 subscribed to $22,537,200 additional common stock at par,
(V. 73. p. 1159; V. 74, p. 150, 266). and In 1902 to a further $42,316,860, at
price, with $20,533,000 applicable to equipment. $9,329,000 to doubletracking between Newcastle and Akron and miscellaneous construction,
and the remaining $12,454,000 to acquire stock, bonds. Ac., to be placed
under Pitts. Lake E. A W. Va. System ratge.
V. 75, p. 549, 980.
Stockholders in April 1906 subscribed for $27,750,000 new com. stock
at par, the proceeds to be used for construction, improvements and equip¬
ment and the redemption of $8,915,000 collateral trust notes due May 1
.1900, raising the amount outstanding to $152,004,100.
The new stock is
entitled to all dividends declared after Sept. 1 1900.
V. 82, p. 807, 927;
same
V'.
S3, p. 491. 1042.
In 1905 dividend on common was raised to 5%
and in 1906 to 6%.
As to Reading Co. dividend increased In 1905; see that company.
In May 1900 the delivery was completed of locomotives and freight cars
ordered early in 1905 at an aggregate cost of about $14,000,000.
V. 80,
p 995, 1727. 1911; V. 81, p. 1549; V. 82. p. 1155.
EARNINGS—9 nios., 1.1900-07
From July 1 to March 31.] 1905-06
Earnings of July 1906, based
on
Gross, $60,569,317; net. $20,025,231
Gross, 57,697,477;net, 20,998,780
4,029 miles, being entire system (4.485
miles) except—
Valley RR. of Virginia, Ravenswood Spencer A Glenvllle, Ohio <3b Little
Kanawha. Cleveland Terminal A Valley, Cleveland Lorain A Wheeling.
ANNUAL RE PORT.-1-Report for year ending June 30 1906 was In V. 83,
1030, 1041.
(See also editorial, p. 1007.)
Average rate per ton per
mile, 5.60 mills In 1905-06, against 5.66 mills In 1904-05; average revenue
train-load. 420 tons, against 399 In 1904-05.
r».
Year ending June 30-
•
Miles
1905-06.
1904-05.
4.026
1903-04.
1902-03.
3,987
3,935
$60,002,204 $50,607,087 $48,617,104 547.756,251
13,701.698
13,817,141
13,146,449
12,520,988
3,172,395
3,688,153
3,265,769
3,307,528
4.030
Mail, express, &c
$77,392,056 $67,689,997 $65,071,081 $63,449,633
49,515,221
44,710,603
43,628,864
39,569,964
Other Income (net).
.
$27,876,835 $22,979,394 $21,442,217 $23,879,669
3.090,478
2,535,409
2,276,160
1,222,991
$30,967,313 $25,514,803 $23,718,377 $25,102,660
$9,978,143
$10,376,675
$9,627,851
$8,934,919
1,448,364
1,376,885
1,305,510
1,239,726
Disc., commlslons, &c__
1,077,975
485,778
1,109,853
427,656
Dlvs. on pref. stock (4%) 2,400,000
2,400,000
2,400,000
2,400,000
Dlvs on com. stock. (5 H) 6,851,474 (4 )*) 5.592,042 (4) 4,970,482 (4) 4,970,482
Additions A lmprov’ts__
3,000,000
2,500,000
2,000,000
3,500,000
Total net Income
Interest and rentals
Taxes
Balance, surplus
£$5,812,830 £$3,181,954 £$2,986,878 £$2,947,680
Surplus differs from that shown In pamphlet report, owing to method
charging common stock dividend, the above being used for simplicity.
Executive Committee—Oscar G. Murray, Chairman; G. F. Randolph.
John B. Thayer, John P. Green and Samuel Rea; Pres.. Oscar G. Murray;
1st Vlce-Pres., Geo. F. Randolph; Sec., C. W. Woolford; Treas., J. V. Mcx
of
Neal.
APB., 1907.J
RAILWAY STOCKS AND BONDS.
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MAP OF THE
A
BANGOR & AROOSTOOK
RAILROAD AND CONNECTIONS.
V
20
RAILWAY STOCKS AND BONDS.
RAILROADS.
For exp anation of column headings,
Ac., see notes
on first page of tables.
.
Bangor & Aroostook—(Concluded)
Nor Maine Seaport 1st M guar p A 1
Usm.c*&r
Car trusts Ser B $40,000 due A A O yearly ■
Q
Car trusts SerCg guar, $45,000 due semi-an _PeP_c*
Car trusts ser D g guar $45,000 due seml-ann
Bangor & Portland—First mortgage gold
Beaver & Ell wood—First
mortgage gold
Beech Creek—Stock (guaranteed 4 % by
endorsement)
First mortgage gold guar p A 1 (endorsed) _.K.c&r
Second M for $1,000,000 gold guar p A 1 (end) Un.c&r
Clearfield Bltum Coal 1st M lnt guar by Bh Cr gold.c
Beech Creek Exten—1st M $4 500,000
g guar p&L G.c*
Clearfield Southern first mortgage
;
Pittsburgh A Eastern debenture certificates
1
Beech Creek consol M $20,000,000 gold
d.c*&r
Bellingham Bay & Brit Col—1st M $1,000,000 gold s f
Belt Line Ry of Montgomery—1st M lawful
money._c
Belt RR & Stock Yard of Indianapolis—Stock
!
Preferred stock, cumulative
!
First mortgage for $1,000,000 currency
Belt Ry of Chattanooga—First M gold
MeBa.c*
Belvldere Delaware—Stock ($4,000,000)
j
Consolidated] guaranteed by United Co.’s sinking fd __r
mortgage ^guaranteed by United Co.’s sinking fd __r
of 1875
| Issue $600,000 reduced by sinking fund.r
$4,000,000 J guaranteed by United Co.’s sinking fd.c*
Berkshire—Stock 6% rental
|
Bessemer A Lake Erie—Erie equipment trust
Locomotive equipment trust
Standard Equipment Trust
;
Birmingham BdTt—See St Louis & San Francisco
Birmingham Terminal—1st M $3,000,000 gold guar
1
Birm Col & St And—First M $4,500,000
gold.Ce.c* &r
Bloomsburg & Sullivan RR—First M $400,000
FP
Second mortgage Income non-cum $200,000
FP
Boca & Loyalton—First M $675,000 gold call 110__cV
Boonvllle St L & South Ry—1st M gold $1,000,000.c*i
Boston & Albany—Stock ($30,000,000 authorized) ._i
Bonds (not mortgage) guaranteed principal A lnt.c
1
Miles
Date
of
of
Road. Bonds.
54
1905
$1,000
’96 -’00
1,000
1906
1.000
1907
1.000
’80-’86
100 &c
3
1899
163
50
163
1886
1,000
163
1892
1,000
1891
100 &C
59
1901
1,000 Ac
1900
1904
1905
1,000 &c
All 1901
1,000
1
1890
1,000
50
50
1881
1,000
25
1895
1,000
50
81
1885
1,000
81
1887
1,000
81
1893
1,000
81
1903
1,000
100
-
_
...
_
—
30
30
56
44
392
—
1907
1905
1898
1898
1903
1881
1902
INTEREST OR DIVIDENDS.
Size,
or
Par
Value.
.
1,000
1,000
1,000
Amount
Rate
When
Outstanding
%
Payable.
$4,410,000
280,000
855,000
900,000
320,000
150,000
6,000,000
5,000,000
1,000,000
732,000
3,500,000
204,000
309,219
NoneSep’06
659,000
200,000
1,000,000
500.000
1,000,000
275,000
1,253,000
500,000
749,000
500,000
1,000,000
1,078,700
1,220,000
150,000
1.060,000
1,500,000
1,000
100 &c
100 &c
1,000
1,000
100
1,000
Directors—R. Brent Keyser, John P. Green, Samuel
Rea, Joseph R.
Foard, Geo. F. Randolph, James Speyer, Edward H. Harrlman, Norman B.
Ream, Charles Steele, James Stillman, Edward R. Bacon.
N. Y. Office, 2 Wall St.—(V. 83, p. 1227; V. 84.
p. 50, 560.)
[Vol.
5 g
g
&
A
A
A
&
&
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
O
O
D
O
J
J
Brown Bros,NY,Bos&Ph April 1 1935
Guar Trust Co, N Y
To July l 1910
g
Brown Bros.N Y&Boston To June 1 1916
g
do
do
To April 1 1917
26 Exchange Place, N Y 1930-1936
g
g
Guaranty Trust Co, N Y July 1 1919
J
Grand Cent Station, N Y Apr 2 1907 1
Q
%
J
&
J
do
g
do
July 1 1936
5 g
J
&
J
do
do
July 1 1936
4 g
J
A
J Knickerbocker Trust.NY Jan
1 1940
3 Vi g A
&
O Grand Cent Station, N YIAprll 1 1951
5
Al
&
s
do
do
Mch 1 1930
3 H
J
&
D
do
do
Dec 31 1934
4 g
A
&
O
do
do
April 1 1955
5 g
J
&
DUSM&TrCo, NY; &SF Dec 1 1932 •
6
J
&
J Metropolitan Tr Co, N Y Jan
1 1910
See text. J
&
J Co.’s Office, Indianapolis Jan
1 1907 5 %
6
J
do
do
Apr l 1907 1 X
6
M
&
N W H Newbolds, Phlla.
April 30 1911
5
J
A
J Mercantile Tr A Dep.Balt
July 1 1945
10 In ’07
Yearly Broad St Stat’n, Ptdla
Mar 15*07 10%
4
M
A
S
do
do
1 1925
Sept
4
F
A
A
do
do
Feb 1 1927
4
J
A
J
do
do
Jan
1 1933
3X g J
A
J
do and Bk Com,NY Jan
1 1943
6
Q--J 15 Stockbrldge, Mass.
Jan
1907
1H
5
M
&
SHome Tr Co, Hobok, N J March 1 1922
5
M
A
S
do
do
March 1 1913
5
A
A
o
do
do
April 1 1925
5
5
5
6
4
4
4
5 g
3 g
5
5
6 g
6 g
25,000,000 See text.
3,858,000
3 «
See text.
370,600
199,600
667,000
400,000
A
A
J
A
J
J
Where Payable, and by
Whom.
lxxxiv.
—
—
M
J
J
J
A
F
A
A
A
A
A
A
Q
A
VI
A
S
Mch
J
July
J F I T A S D Co, Phlla
Jan
J RegBloomsburg.wh earn. Jan
o U S M A Tr, N Y; A SF
April
A Amer Exch Bank, N Y
o
Office, Term Stat’n, Bost
do
do
Aug
1 1957
1
1935
1
l
1928
1928
1923
1
1 1911
Mar 31 *07
April 1
2
1952
Leased till Juiyl 1945 to Alabama Great Southern
RR.; rental guaranteed
to meet Interest on first
mortgage bonds, taxes and maintenance.
STOCK
Is $300,000, owned by Alabama Great
So. Ry.
There are also $24,000 2d
Inc 4s, due 1945, redeemable at par;
coup, paid Jan. ’01 to July ’06 Incl.
BANGOR & AROOSTOOK RR.—{See Map.)—Oldtown, Me.,
northerly
BELVIDERE DELAWARE RR.—Owns from Trenton, N.
to Van Buren. with branches; total, 467.4
miles, viz.
J., to Manunka Chunk, N. J., 67 miles;
Lines owned—
Miles.
Flemlngton RR., dec., 14 miles; operated cut-off,
Lines leased—
Miles.
1
mile;
total operated, 81 miles.
Oldtown to Van Buren
Leased to United Companies, and trans¬
221.7 Northern
Maine Seaport,
La
ferred to Pennsylvania RR. March 7 1876.
Ashland Jet. to Fort Kent
94.9
Net earnings paid as rental.
Grange to Searsport
54.1
Milo Jet. to Greenville
48.8
STOCK.—Authorized, $4,000,000; outstanding Jan. 1906, $1,253,000;
Branches
47.9
Total June 30 1006..
par, $50.
Dividends: 1897 to 1906, both Inc., 5 %
.467.4
yearly; 1907, Mch.,10 %.
In Dec. 1906 a branch from Schools Lake to the
junction of the St. Francis
BONDS.—All of the outstanding bonds are secured
and St. John River, 145 miles, was
by the consolidated
proposed.
V. 84, p. 50, 157.
Branch
mortgage of 1875 for $4,000,000; sinking fund, 1 % of
from MIHlnocket to East Mllllnocket, 8 miles, was
outstanding bonds
A
opened Jan. 1907.
If earned.
The Issues of 1885, 1887 and 1903 are
low-grade cut-otf Is building from a point 4 miles south of West Seboels to
guaranteed by the United
New Jersey RR. ds Canal Co.
Le Grange, 28 miles.
Guaranty.
V.
76,
V. 84, p. 692.
p. 918.
EARNINGS.—In 1906, gross, $1,626,652; net,
$373,032; other Income,
ORGANIZATION.—Organized Feb. 13 1891. State of Maine refunds $47,535; interest,
taxes, dec., sinking fund and other charges,
95 % of all taxes levied. For organization see V.
66, p. 855. Leases Northern
$189,959;
dividends (10%), $125,300; surplus,
Maine Seaport RR., with $360,000 authorized
$105,310.—(V. 84, p. 748.)
stock, which In Nov. 1905
opened extension from La Grange. Me., to Searsport, on Penobscot
BENNINGTON
&
RUTLAND RY.—See Rutland RR.—(V.
Bay,
54 miles.
V. 81. p. 1540; V. 84, p. 603.
70, p. 685.)
STOCK.—$1,550 000; 10,400 shares full paid and 100 shares 5 % paid.
BERKSHIRE RR.—West Stockbrldge, Mass., to Connecticut State
Line,
21
DIVIDENDS.—llA% semi-annually, Jan. 1004 to Jan. 1005, both inmiles; Vandeusenvllle, Mass., to Pittsfield, 22 miles;
A
consolidation In 1905 with Stockbrldge ds Pittsfield and total, 43 miles.
clsuive; July, 2%; 1906, 4%; 1007, Jan., 2%.
West
Stockbrldge
RR.
BONDS.—As to gold 5s on Plscat. Division, see V. 67, p. 1159; V.
V. 80. p. 2219.
Leased
April 1 1893 for 99 years to N. Y. N. H. A
68, p.
H. RR. for expenses, taxes and 6
84, 329.
Van Buren Extension 5s of 1899, V. 69. p. 952. Of the consol, re¬
% on stock, paid Q-J. 15 at Housatonlc
National Bank, Stockbrldge, Mass.
funding gold 4s, $12,500,000 were reserved to pay off the outstanding
Lease to Housatonlc RR.
suspended,
not canceled.
bonds, Including those of controlled roads car trusts and preferred stock,
Stock, $1,078,700.
(V. 80, p. 2219.)
and to acqu're such controlled roads: $3,000,000 for
Improvements
over a
BESSEMER & LAKE ERIE RR.—Leases Pittsburgh Bessemer &
series of years and $4,500,000 for extensions at $25,000
Lake
per mile, Including
Erie RR.,
near Pittsburgh, Pa., to Conneaut
Harbor. Lake Erie,
equipment. V. 73, p. 286, 896; V. 74, p. 93. The Northern Maine Seaport etc., with Bessemer,
branches, a total of 209 miles, for 999 years from
bonds, of which $3,516,000 sold ($5,000,000 authorized), are guaranteed. owns
April
1
1901;
31 miles; total, 240 miles.
V. 72, p. 137.
V. 81, p. 265; V. 82, p. 302; V. 84. p.
Authorized to operate a
301,692; form of guaranty, V. 81, p. 727.
railroad from a point of connection with the
In March 1007 the $1,000,000 Medford Extension first 5s
Pittsburgh
Bessemer
&
Lake
were sold to pay
Erie at or near Kremls Station,
for 28-mile cut-off under construction.
Pa., to a point on the Jamestown & Franklin
V. 84, p. 692.
RR. near Salem Station, Pa.. Stock,
LATEST EARNINGS, j 1906-07
(iross, $2,052,800; net, $677,500
the Carnegie Co. and so by U. S. Steel authorized, $500,000. Controlled by
8 mos., July 1 to Feb. 28. 1 1905-06
Corporation. Guaranty of Marquette
Gross,
1,572,832; net,
583,202
& Bessemer Dock A Navigation
bonds, V. 77, p. 1228; V. 76, p. 1358;
Surplus over charges, $152,655, against $150,750 in 1006.
V. 82, p. 160.—(V. 82. p. 160.)
ANNUAL REPORT.—Report for year ending June 30 1006 was In
V. 83, p. 1004, showing gross, $2,406,547; net,
BIRMINGHAM & ATLANTIC
$051,877; charges, $665,284:
RR.—Talladega to Coal City, Ala., 31
other Income, $13,180; betterments,
$117,842; dividends (4%), $62,000;
miles; branches, Rogans to ore beds, 9 miles, and Furhace to
Welslngers,
appropriation e*r trust “O,” $47,000; bal., sur.* $72,931.
3 miles; total, 43 miles.
In 1904-05,
Stock, $1,000,000, all common;
gross. $2,150,072; net, $782,359.—V. 84, p. 50, 157, 602.)
$100.
Bonds, $500,000 forty-year first 6s, due Nov. 1 1931 par of shares
($1,000 each),
BANGOR & PORTLAND RY.—(See Map Del. Lack. A West.)—Portland
Interest, payable M. & N., In default.
Year ending June 30 1906. gross,
to Bath. Pa.. 29 miles; Nazareth Jet. to Martin’s Creek 5
$31,851; def. under oper., $0,848; bond
Interest, not paid.
m.; other branches
President,
5 m.; total, 30 m.
Sidney H. March; Sec. and Treas., John Carlsen, 25 Broad
Stock, $510,000, all acquired In 1000 by Del. Lack. A
St.. New York.
West. RR. Dividend. 1000, 6%; 1001, 5%; 1002, 4%;
1903. 7%; 1004, 8%;
BIRMINGHAM COLUMBUS & ST. ANDREWS
1905, 15?5; 1006, 20%.
For cal. year 1006. gross, $204,615; net, $120,187;
RR.—Projected from
St. Andrews Bay, Fla., to Columbus,
Ga., about 200 miles, of which 6 miles
charges, $26,872; div. (20 %), $102,000; bal., sur., $315.
laid with track and 39 additional
graded in Jan. 1906.
BATH & HAMMONDSPORT
Stock, $4,500,000,
in $100 shares.
RR.—Bath, N Y.. to Hammondsport, N.
Bonds are Issuable at $22,500
V. 81, p. 1375,
per mile.
Y., 10 miles
Control acquired by Erie RR In 1903.
In 1904 foreclosure
1492, 1609.
W.
M. Gordon, 25 Broad St., N.
President,
under $100,000 first mtge. was pending.; second
Y.; Secretary and
mtge.. $200,000.
Treasurer, D. B. Jones.
Stock,
Office,
Girard, Ala.—(V. 81, p. 1492, 1609.)
$100,000.
Year ending June 30 1006, gross, $37,970;
net, incl. other in
BIRMINGHAM TERMINAL CO.—Has under
come, $15,653; lnt. and taxes, $16,267; add'ns and
construction passenger
Imp’ts, $2,851; bal., def.,
terminals
at
Birmingham, Ala.
Stock
$2,064.—(V. 79, p. 1954.)
al!
owned
bv the Illinois
Central, Southern Ry., Seaboard Air Line, Central of
Georgia, St. Louis A
BEAVER & ELWOOD RR—Ellwood Jet to Hazen Coal
San Francisco and Alabama Great
Mine. Pa.. 3 m.
Southern, which jointly guarantee the
Leased to Pitts. A L. Erie RR for 20 years from
Of the bonds ($3,000,000
bonds.
May 1 1809. rental being
authorized) $1,500,000 are reserved for
45?G of gross earns.; rental In 1006, $12,031. Stock,
additional properties.
$150,000; par, $100.
V. 83, p. 1227.
BEECH CREEK RR.—bSee Maps N. Y. Central A Hud.
R.RR )—ROAD.
BLOOMSBURG & SULLIVAN RR.—Owns Bloomsburg to Jamison
—Jersey Shore, Pa., to Mahalfey 112 m.; branches, to Phlllpsburg, to mines,
City,
Pa., 30 miles.
Stock is $600,000; par, $50.
V. 66, p. 80. 952.
Year
Ac., 50 miles: total, 162 miles.
ending June 30 1906: gross, $125,191; net.
$66,456; other income. $2,139;
LEASE, &c.—From Oct. 1 1890 leased to the N. Y. Cent. A Hud.
RIv.
Interest,
taxes,
&c.,
$54,342;
balance,
surplus, $14,253.—V. 66, p. 80, 952.)
RR. for 999 years at Interest on bonds and 4 % on
stock, and since May 1
1899 operated directly as a part of Its
BOCA & LOYALTON RR.—Owns from
Pennsylvania division. V. 68, p. 872.
Boca, on Central Pacific main
Carries mostly coal and coke. See guaranty V. 52.
line, northwesterly via Loyalton to
p. 570. The bonds are en¬
Beckwith, 40 miles; 6 miles additional
dorsed with New York Central’s guaranty of
main line and 10 miles of
principal
and
See
Interest.
branches;
total.
56 miles.
The Denver & Rio
V. 52 p 570.—(V. 75, p. 1398.)
Grande on June 30 1906 owned $1,504,500 of
securities of company and
affiliated
BEECH CREEK EXTENSION RR.—(See
companies.
Maps N. Y. Cent. A Hud Rir )
Stock, $1,200,000; par of shares, $15.
—Clearfield. Pa. to Keating, 52.1 miles; Rosslter to Rosslter
Bonds cover also Roberts Lumber
Jet., 3.2 m.;
Co.’s property, comprising 52,769 acres of
McElhattanto Browns. 1.2 m.- Curwensvllle to Bower.
pine lands, water-works, etc.
15.8 m.; Mahaffey to
Mercantile Trust Co. of San Francisco Is
Arcadia. 13.1 m.; Harmon to Boardman. 13 m.. branch to
mortgage trustee.
Irvona. 16.3m.:
They are sub¬
ject
to call for sinking fund at 110 and Interest.
3 other branches, 11.5 m.; total. 126.2
V. 76, p. 1191.
A low-grade coal line leased
miles.
Earnings
for year ending July 31 1904:
to N. Y. Cent. <Ss Hud. Riv. RR. (which owns
Railroad,
gross, $145,126; lumber, gross
entire $5,170,000 stock) for
$228,088;
009 years from June 1 1905, bonds being
total,
$373,214;
total
net,
$146,310.
—(V.
81, p. 667.)
guaranteed, prln. & lnt.
Of the
consols, part Is reserved to retire, dollar for dollar, old
bonds.
V. 80, p.
BOONVILLE ST. LOUIS & SOUTHERN
RY.—Boonvllle to Versailles,
1174, 1470; V. 81, p. 30; form of guaranty, V. 82,
p. 1267.—(V. 81, p. 30;
Mo., 44 miles.
Leased to Mo. Pac. till July 1 1910 at
V. 82. p. 1267.)
annual rental of
$25,000, taxes, expenses, etc.
Stock, $250,000; par of shares, $125.
BELLINGHAM BAY & BRITISH COLUMBIA
BOSTON & ALBANY RR.—Owns from
cier. Wash.. 44.16 m.; branch from Hampton to RR.—Bellingham to Gla¬
Boston, Mass., to Albany, N. Y..
Lynden, 5.31 m.; spurs,
200 miles;
numerous branches. 104 miles;
8.34 m.; yard track and sidings. 7.50 m.; total, 65.31
leased lines, 88 miles; total
m.
Stock, $1,000,000,
operated, 392 miles.
A consolidation of December 1867.
all owned by New York and San Francisco
parties.
Year ending June 30
Leased In 1900 for 99 years to the New York
1906, gross. $221,216; net, $63,325; other Income,
Central & Hudson River RR.
$3,988; lnt. and taxes,
for guaranteed rental of 8 %
per annum on the $25,000,000 stock, payable
$57,446; bal., sur., $9,867.
Pres., H. H. Taylor.—V. 81, p. 840.)
quarterly (March 30, etc.), organization expenses. Interest on
BELT LINE RY. OF MONTGOMERY.—Owns real
bonds, taxes,
estate and a belt line
expenses of maintenance, etc.
The B. & A. received for certain
In Montgomery, Ala., about one mile of track on
property
not Included In the lease $5,500,000 in N.
Tallapoosa,
Bell, Perry and
Y. Central 3
% 100-year deben¬
Columbus streets. Atlantic Coast Line RR. pays an annual
tures, thus adding .77 % per annum to 8 % guaranteed on
rental of $15,stock.
See
lease
531. Atlantic Coast Line RR. owns about 92 % of the
In
V. 69. p. 282; V. 69, p. 1061, 1102,
$200,000 stock, par.
1246; V. 70, p. 74; V. 71, p. 645,
$100.
Year ending June 30 1906, gross,
963.
Bonds of 1901, $2,500,000, were for
$20,596; net, $14,076; bond
terminal
facilities
at
Boston, of
Interest, $12,000; bal. sur., $2,976.
which $1,000,000 Issued.
V. 71, p. 1218; V. 72,
p. 44; V. 75, p. 752.
BELT RAILROAD & STOCK YARD OF IN DI AN
DIVIDENDS.—Cash
APOLIS.—Owns
dividends
14
at
the
of
rate
8 % yearly were paid for
miles of belt road. etc.
Leased for 999 years to Ind. Union—which see
many years prior to the lease.
Since 1900
%, viz.: 2 % each In March
DIVIDEND—)Preferred In 1 Com. *97. ’98 to'02'03.’04. ’05. ’06. 1907. and September. 2K % In June, and 2\i% 8%
In
December.
Since 1894
/fullto date.Istk% 0
5 yearly 6^ 7
8
8 Jan.,5
EARNINGS as reported to State Railroad
In 1906 on common, Jan., 3 %; July 5 %
Commission by lessee:
(Incl. 2 extra).
Year—
Pres., S. E. Rauh, Indianapolis, Ind.—(V. 77.
Gross.
Net.
Other Inc. Int.,divs.,Ac.
p. 2389; V. 81, p. 1099.)
Bal..surp.
1905-06
BELT RAILWAY (OF CHATTANOOGA,
$11,205,074 $3,746,452 $415,419
$3,851,068
sur$310,803
TENN.)— Owns 25 miles of
1904-05
10,384,574
belt railroad In Chattanooga, Tenn.
3.157,418
363,891
3,554,513
def
V. 67, p. 72.
33,204
—(V. 74. p. 150, 629; V. 75. p. 732, 1301; V.
83, p. 686.)
MAP OF THE
BUFFALO, ROCHESTER
PITTSBURGH RAILWAY
AND
BONDS
RSAATILOWNCKDY
1A9P0E7..,
CONNECTIONS
2-2
RAILWAY STOCKS AND BONDS.
RAILROADS.
For
Miles
:
Date
of
I
of
see notes
Size,
|
Bonds 52,500,000 currency
j
Boston A Lowell—Stock..
Bonds 20 years not mortgage
Bonds
do
do
Bonds
do
do
Boston &
Bonds
do
do
gives a rentalij
Bonds
do
do
[guaranty for 99
do
Bonds
do
c*__
(years,
Bonds
do
do
c*
i
Bonds
do
do
Bonds
do
do
Bonds
do
do
Bonds
do
do
Bonds
do
do
J
l
■Boston & Maine—Stock,common and scrip
OB;
Preferred stock 6% non-cumulatlve.
OB
Improvement bonds s f not mortgage or subj to call.)
Bonds (not mortgage) for Improvement & ref__c&r
Bonds not mortgage gold
_c&r
Bonds exchanged lor Fitchburg stock (V. 70, p. 1 75)
not
Bonds
mortgaged 51.000,000.
Bonds ($2,000,000, not mortgage
Bonds not mortgage (20 year)
Bonds (not mortgage) currency
c&r
Portsmouth Great Falls A Conway 1st M assumed.c
Central Mass 1st mtge, assumed, extended In 1900..
Port & Roch Terminal bonds (no mort) assumed..c
Maine;!
i!
..
Notes, 55,000,000
Boston & Providence—Stock 10 % guar 99 yrs Old Col
Bonds, not mortgage
c*
Boston Revere Beach & Lynn—Stock
!..
First mortgage 51,000,000 gold
SB.c'&r
Boston Terminal Co—First mortgage currency.OB.o&r
Bruce Mines A Al—1st M 5250,000 guar p & 1 red..
1893
1901
i
...j 1887 i
1889'!
1,000 i
1,0001
...
1892
...
—
1,0001
j’97-’98|
!’99
1 ,0001
1,000
-’oi;
...!
1903
1905
1906
.ooo!
!
l
i
1.0001
1 ,000
100
100
1887
1892
1894
1900
1901
1903
1905
I
1,000
,000 Ac
I
1,000
>
731
96 j
...I
1,000
1S77
1886
17
or
Payable.
6,599,400i
8
4
4
4
4
4
4
4
4
2,000,000
325,000|
350,000
1,000,000;
"1 ,000,000!
500,000
750,000
414,000
939,000
500
150.000
See this company.
Miles.
a458
Nashua & Lowell
al5
Worcester Nashua & Rochester. u94
Connecticut River RR
a8l
Other
72
Trackage rights
9
a
leased—(Concluded.)
Fitchburg
via Western Division
' 115
Boston to Portland, Eastern Dly 108
Conway June., Me., to North
Conway, N. H
73
Portsmouth Electric Ry
18
Portland, Me., to Rochester,
N. H
54 Total operated July 1 1906
2,288
No. Cambridge Jet. to North¬
2d track (3d A 4th track 10)
521
ampton. Mass
96 Controls Maine Cent, (which see) 816
Sundry branches
148
St. Johnsbury A Lake Champ. 131
Lines leased.
York Harbor A Beach
11
Boston A Lowell
a469
Vermont Valley
24
Concord & Montreal
a478
Sullivan County
r
26
ORGANIZATION. ETC.—An agreement with New York New Haven &
Hartford regarding division of territory was made in 1893, V. 56,
p. 464.
STOCK.—Of the $24,638,070 stock outstanding July 1906, $1,128,200
was held by trustees as collateral for Eastern RR, certificates
of Indebted
V. 69, p. 129.
ness.
Stockholders In Aug. 1906 subscribed for $3,627,500
of the stock at $165 per share, to be paid la full
Sept. 1 1906, or optionallySln four equal Installments on Sept. 1 1906, June 29 1907, Aug.
31 1907 and Dec. 31 1907, the proceeds to be used on account of
proposed
expenditures aggregating $8,700,000, Including $5,000,000 for equipment,
Ac., raising amount outstanding, when fully paid, to $28,265,570; balance
to be sold as required.
V. 81. p. 899, 974, 1174; V, 82, p. 1378; V, 83.
p. 154 491.
DIVIDENDS, f *87. ’88. *89. '90. '91. ’92. '93. ’94-’98. ’99.
1900-Apr07
On common
9 4 9
t 10 9
9
8
8
6 yearly 6 4 7 % yearly
3 4
3 H
4
In 1906
6
4
4
4H g
3 £
3 H
3Vi
34
4
4H
5
4
5
10
4
In 1900
4 4 g
i
2,170,000
850,000
850,000
14,000,000
IAnes
3H
250,000
500,000
500,000
,000 Ac
,000 Ac
sions), Springfield. Mass., Sherbrooke, Can., Rotterdam Jet. and Troy,
N. Y., Worcester Mass., to Portland, Me., and all
Important places In New
4
3H
4,000,000
BOSTON & MAINE RR.—ROAD.—The system with Its
many branch
lines covers the territory from Boston, Mass., to
Portland, Me. (two divi¬
/0
1 ,000,000;
ioo
’88-’93
1897
1897
1902
\
3,000,00
100
9
Outstanding
1.000
68
...
Ac
500
...] 1907
When
500,000
8,000.000
1,000,000
2.000,000
113,500
1,000
1892
Rate
2,500,000
6,000,000
5,454,000
1,000,000
2,000,000
,000 Ac
500
\
See text.
3,149,800
1,919,000
1,000
1,000
1,000
STOCK AND BONDS.—Stock authorized, $6,849,400,
being Increased
$250,000 In Jan. 1907.
The debentures were described on
page 2. SUPP
of April 1895.
In March 1907 $325,000 20-year 4s dated July 1 1907 were
sold to retire the bonds maturing on that date.
V. 84, p. 693.
Miles.
j
1.000
1,000
1,000
i
1893 |
...! 1895 1
...j 1896 i
...
Amount
$3,627,000!
1.000
5100
1 ,000 i
BOSTON & LOWELL RR.— ROAD.—Owns Boston to
Lowell, 26 miles
branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles
others, 45 miles; Middlesex Central, 11 miles; leases—Connecticut & Pas
sumpsle, 146 miles; Nashua A Lowell, 15 miles; Peterborough, 10 miles
Northern N. H.. 83 miles (and subsidiary lines 90 miles); Stony Brook RR.
13 miles; Wilton RR.,15 miles. Leases mostly assumed
by Boston A Maine
LEASES.—Leased in 1887 for 99 years to the Boston A Maine at 7 %
per
annum on stock till Jari. 1 1897 and 8% thereafter.
Hampshire.
•
1,000
18X7
LXXX1V.
Bonds—Princi¬
pal,
or
Par
Value.
Road, i Bonds.
Boston & Albany
(Concluded)
Bonds (not mortgage) 5b,000,000
Lines oicned.
!
INTEREST OR DIVIDENDS.
ezpl notion of column headings, Ac.,
on first page of tables.
Boston, Mass., to Portland, Me.,
[VOL.
34
5 g
A
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J
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J
A
A
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A
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Where Payable, and by
Whom.
When Due.
Stocks—Last
Dividend.
Office, Term. St a., Bust Oct
do
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! Jan
Jan
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1951
J; At Office, Boston
2 1907.4 %
IF
do
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June 1 1907
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April 1 1909
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Oct 1917 A 1918
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A 1921
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Nov 1 1926
At Off,Causeway St.Bost'Apr
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Mar
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Feb
1937
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1942
Aug
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Jan
1944
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July
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Nov
1921
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Jan
1923
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1925
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Sept
J
A
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do
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June 1 1937
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July 1 1918
J
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J
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Text.
State National Bk, Bost Feb
1 1947
J
A
D Knickerbocker Tr Co,X YIJune 1 1952
&
A
,A
pany’s ferry-boats; Winthrop Division, East Boston to Winthrop 5 miles.
Of the 4 4s of 1897 balance unissued Is for
Improvements.
V. 65, p. 68
V. 83, p. 379.
Notes payable July 1 1906, $290,000.
DIVIDENDS 11888-91
*92. *93
’94. 95. ’96. '97 to July ’05. ’06. ’07.
Percent.
J7 yearly. 5 4
5
4H
2 yearly.
4
3
4
Jan,2
,
,
EARNINGS.—Year ends June 30.
Year—
1905-06
Gross.
Net.
Int.&taxes.
Dlvs. paid.
Bal. ,sur.
$747,610
$98,211
$62,193
(4%)$34,000
$2,018
1904-05.
654,588
78,440
60,378
(2%) 17,000
1,062
(V. 67, p. 1000; V. 69. p. 953; V. 81, p. 1722; V. 83. p. 270,379.)
BOSTON TERMINAL CO.—Owns Southern Union Depot In Boston
opened In 1899.
V. 68, p. 40; V. 69. p. 591.
Boston A Albany, New Eng¬
land. Boston A Prov. Old Colony and N Y. N. H A 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. Interest on bonds
and 4 % on stock
These companies are lolntly liable for any deficiency In
case of foreclosure. Reg. Int. payable Q. F.;
coupons F. A A.—V. 69, p. 591)
BROCKVILLE WESTPORT A NORTHWESTERN RY.—V. 82,p.1267.
—
BRUCE MINES A ALGOMA RY—V. 76, p. 704.
BRUNSWICK A BIRMINGHAM RR.—See Atl. Blrm. A Atlantic Ry.
BUFFALO CREEK RR.—Owns 6 miles of terminal road In Buffalo, N. Y.
In December 1889 leased for term of charter less one
day to the Lehigh Val¬
ley and the Erie RR., which together own entire capital stock of $250 000.
Rental Is Interest on bonds and 7 % on stock.—(V. 84,
p. 50.)
•
..
see Issue of April 1895.
$10,000,000
currency bonds dated Sept. 1 1906
were sold to refund and pay bonds and notes
maturing Sept, and Oct. 1906
and for other necessary purposes; $8,000,000 have been
Issued, remaining
$2,000,000 to be issued on or about. June 1 1907, when the Cent. Mass,
bonds mature.
V. 81, p. 974. 899, 1174; V. 82. p. 567; V. 83. p. 36.
The
RR. Commissioners In Oct. 1906 granted authority to Issue
$152,000 bonds
to purchase the Danvers RR. and $306,000 bonds to
acquire the Newburyport RR.
V. 83. p. 322.
Stockholders on Oct. 10 1906 authorized
$500,000 bonds to provide for payment of bonds
maturing in 1907, Ac.
V.B83, p. 817.
Notes payable Dec. 31 15)06, $750,000.
In Jan. 1907
$3,000,000 one-year notes were sold, of which $1,000,000 each dated
Jan. 15. Feb. 1 and Meh. 1 1907.
V. 84. p. 101.
Boston A Maine guarantees $1,328.000 first 5s of St.
Johnsbury A Lake
Champlain.
Also interest on $274,000 Manchester A Lawrence 4s.
Jointly
with Maine Central guarantees $300,000 Portland Station bonds.
^(BOXDS.—As
,ln March 1906 to debentures
20-year 4%
3EARNINGS.—For 6 months ending Dec. 31:
6 mos.—
Gross.
Net.
Other inc.
Int.,taxes, Ac
Bal.,sur.
1906
$21,422,180
$5,015,965
$330,132
$4,053,370
$1,892,727
1905
20,379,883
5,926,732
293,585
4,106,683
2,113,634
ANNUAL REPORT.—Annual meeting second Wednesday In October.
Annual rcuort 1905-06 in V. 83, p, 813, showed results as follows;
Year ending .June 30.
1906.
1905.
1904.
..
Miles operated June 30
Passenger department
Freight department
Mails, express, Ac
►-Total
gross
earnings
V .Net earnings.
Net, Including other Income
Interest
Rentals
Taxes
Dividends
Sinking fund
q,IBalanee,
surplus
2,287
2,287
2,290
$13,291,584 $12,530,472 $12,338,182
23,847,550
21,808,070
20,788,779
2,075,009
1,874,703
1,874.703
1,767,647
$39,214,203 $36,213,245 $34,894,608
$9,860,834
$9,593,505
$9,622,701
$10,482,919 $10,181 .094 $10,199,585
3 .486,169
1.474,670
1,482,296
5,074.554
1,745,490
1,834,646
5 ,069.578
1 ,605,490
1 .806,646
136,285
136,285
5,083,278
1 ,633,270
1,779,000
151,285
$217,273
$76,926
$70,456
Vlee-Prcs. and General Auditor
L^OFFICERS.—Pres., Lucius Tuttle; 4th
W. J.
Hobbs; Treas.. Herbert E. Fisher.
Office Boston.
Directors—Lucius Tuttle, Richard Olney, Walter Hunnewell,
Boston;
Joseph H. White, Henry M. Whitney, Brookline. Mass.; L. C. Ledyard,
Henry F. Dlmock, C. M. Pratt. New York; Samuel C. Lawrence Medford:
A. W. Sulloway, Franklin, N. H.; Wm. Whiting, Holyoke.
Mass.; Alexander
■Cochrane, Boston: Moses Williams.—(V. 84, p. 101, 930.)
jtJBOSTON A PROVIDENCE RR—Owns Boston, Mass.,
to Providence
R. I
44 miles; branches, 20 miles.
Leased 99 years. April 1 1888. to Old
■Colony RR.; rental 10% yearly on stock.
In Feb. 1907 a bill was pending
permitting consolidation with Old Colony RR.
V. 84, p: 391: V.78,p.2010.)
.
BOSTON REVERE BEACH A LYNN RR—Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston
by com¬
BUFFALO ROCHESTER A PITTSBURGH RAILWAY.—(See
Map.) —
Operates from BufT. and Roch., N. Y., to bituminous coal regions.
ORGANIZATION, Ac.—Successor In March 1887 to the Rochester A
Pittsburgh, which was foreclosed In Oct 1885.
Plan of reorganization in
The entire capital stock ($4,000,000) of the Rochester A
Pittsburgh Coal A Iron Co.wasowned (V.66. p.1088) and through that comoany In May 1896 control was acquired of the Jefferson A Clearfield Coal A
Iron Co. (see that Co. under “Industrials”) with $3,000,000 stock.
In 1906
the stock of the Roch. A Pitts. C. A I. Co. was transferred
(subjecttothe
lien of the general mortgage) to the
Mahoning Investment Co., having
V. 41, p. 516.
$4,200,000 authorized stock In $100 shares,In consideration of $4,125,000
stock, the latter being distributed Dec. 1906 pro rata in proportion of 25%
among the holders of Ry. common and preferred stocks.
V. 83, p. 1468.
For bonds of these coal cos. see table above.
Clearfield A Mahoning
securities are guaranteed.
Allegheny A Western, see below.
In Aug.
1901 allied Interests purchased upwards of 25,000 acres of coal lands In
Indiana Co., Pa.
V. 75, p. 183, 347.
Lake Ontario Car ferry, V.83, p. 329.
Lints owned in fee—
Miles.
Trackage icon.)—
Miles
Buffalo Creek, N. Y.. to Howard
Penn. RR.—Penn. RR. Jet. to
Jet., Pa
81
Vlntondale. Pa
18
Clarion Jet. to Lindsey, Pa.
60 Other
6
Rochester to Ashford, N. Y
94
Leased—Entire stock cncned—
Charlotte, N Y.. to Lincoln P’k.
k. 10 Johnsonburg A Bradford RR.—
Indiana Branch
63
Howard Jet. to Mt Jewett.
20
Five branches
20
Leased—Stock no! enened—
.
.
.
,
Trackage—
Allegheny A Western—a
Punxsutawney to Butler, Pa.
Erie—Mt. Jewett to Clarion Jet.
21
Balt. & Ohio—Butler,
Ac
Pa., to
Newcastle
41 Clearfield A Mahoning—a
Rlbold Jet., Pa., to Allegheny
Clearfield to Beech Creek RR.
City Pa
33 Mahoning Valley RR
Willow Grove to Pittsburgh. Pa
7.
Total July 1906 (aSee separate statement for this company)
568
STOCK.—The stockholders voted Nov. 21 1904 to Increase the common
stock from $9,000,000 to$12,000,000,Ito complete the Indiana branch and
for other capital requirements.
Of the new stock, $1,500,000 was sub¬
scribed for In 1905 by stockholders at par
V. 79. p.685. 1905; V.80, p 116.
DIV. ( %)) ’93. ’94-96. ’97. ’98. ’99. ’00. ’01. '02. *03
’04 ’05. ’06. 1907.
Pref. .) 1 >4
6
6
0
12
2
6
6
6
6 Feb..3
6
Com ..J
4
4
6
6
6 Feb..3
5,4
BONDS.—General 5s for $5,573,000 are reserved for prior bonds, Ac.
The $2,000,000 debentures of 1897 in the treasury are convertible into com¬
mon stock at par and subject to call at 102
4; they are to be seeured by any
subsequent mortgage unless made for refunding existing prior Hens or forextensions exclusively.
See V. 64, p. 706: V. 73, p. 1009, 1111. R. A P. In¬
come 6s, $5,000.
Stockholders were to vote April 25 1907 on authorizing a mortgage to
secure an issue of $35,000,000
50-year consols to bear not over 4 12 % interest,
of which $3,ooo,ooo Issuable at once,$18,145,non o n't ire
underlying obli.
gatlons at or before maturity and the remaining $13,855,000 to be reserved
for future requirements after July 1 1908 at not over
$1,500,000 yearly
or such larger amount in
any year as stockholders may authorize.
V 84,
p. 867.
In March 1907 made a $1,000,000 6 % oan.
V. 84, p. 930.
A sinking fund of 5 % will retire ser. A. B and C
equipment bonus annually
on May 1, If purchasable at or below
par; otherwise to be applied to the
purchase of additional equipment.
V. 68, p. 1131; V. 71, p. 501; V. 73. p
348.
Series D and E have an annual sinking fund of 6% for
pureha'se of
bonds Sept. 1 and May 1. respectively, at 105 and Interest: If not pur¬
chasable. bonds may be drawn by lot: Series E may also be called as an en¬
tirety at 105. In Dec. 1905 ordered 1.000 cars. V. 83, p. 1522. Real estate
estate mortgages bearing 5% Interest, $304,000.
EARNINGS.—8 mos., (1906-07
Gross. $5,509,171; net, $2,119,000
July 1 to Feb. 28.
\1905-06
Gross,' 5,937,725; net, 2.732,473
For 6 mos. ending Dec. 31 1906, net, $1,641,825; against $2,145,251 In
1905; other income, $26,733: charges, $970,358; bal.,sur., $698,200.
ANNUAL REPORT.—Fiscal year ends June 30.
The annual meeting
Is held at New York on the third Monday In November.
The report for
1905-06 was given at length In V. 83, p. 320, 328; see also editorial,
p. 295.
In 1905-06 carried 5,204,437 tons of bituminous coal (out of 8.377,375 total
tons of freight moved), against 6.234.260 In 1904-05.
.
.
Apr., 1907.]
RAILWAY STOCKS AND BONDS
TORONTO^
GENERAL PLAN
A-
U
•23
C-1
OF THE FURNACE PLANT OF THE
,<?v
BUFFALO & SUSQUEHANNA IRON CO.
AND OF THE PROPOSED RITFALO TERMINALS uF THE
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RAILWAY STOCKS AND BONDS.
RAILROADS.
rlles
For explanation of column headings, Ac.. see notes
on first page of tables.
of
Equipment bonds $500,000 gold
do
do
do
s
do
do
do
f Ser A
6
Par
Amount
Rate
Value.
Outstanding
%
First refunding mortgage gold (see text) __Mp.c*&r
Buffalo & Susa Rv—1st M $6,000,000 gold.. Us.c*&r
Equip trust bonds part due sem-ann
Usm.c
1891
$1,000
100
100
108
276
276
10
1881
1882
1887
1889
1907
1,000
1,000
1,000
1,000
1907
1897
1899
10,000&c
—
1893
1901
1903
1906
500
50
&c
&c
1,000
1,000 &c
1,000
Total receipts
Interest on bonds
Rentals
$3,033,086
$800,289
492,867
Special approprla’ns, &c.
623,427
Dividend on preferred
(6)360,000
Dividend on common
(6)630,000
..
•Balance, surplus
$126,503
$2,871.538
$793,174
485.835
618,774
(6)360,000
(6)540,000
$73,755
103
30
46
76
392
1905
1891
1883
1886
1890
1905
500,000
2,000,000
1,648,000
1,216,000
1 ,500,000
4,456,900
4,000,000
149,500
8,948,000
6,000,000
827,000
1,000
400,000
1,000
1,279,000
500 &C
500 &C
1,000
145,000
1,000,000
1,021,000
1,000
1,210,000
1903.
472
$7,249,686
$3,028,082
48,233
$2,926,762
$3,076,315
$778,030
$724,049
472,669
477,698
660,188
1,043,723
(6)360,000
(6)360,000
(6)498.000(4 1^)313,000
$157,875
$157,845
•In addition to this surplus there was received from Investments and
“credited directly to profit and loss account” $120,000 In 1904-05, $320,000
In 1903-04
and $600,000 In 1902-03.
OFFICERS.—Pres.. A. G. Yates, Rochester; Vlce-Pres., Adrian Iselln
Jr.. N. Y.: Treas., J. F. Dinkey, Rochester; Sec., J. H. Hocart N. Y.
Directors—Henry G. Barbey, A. G. Yates, A. Iselln Jr., Wm. E. Iselln,
A. Lanfear Norrle, Walter G. Oakman, C. O’D. Iselin. J. H. Hocart,
W. Emlen Roosevelt, Ernest Iselln. Oscar Grisch, John L. Riker and
Samuel Woolverton.
New York office, 36 Wall St.—(V. 84, p. 867, 930.)
BUFFALO & SUSQUEHANNA RR.— (See Map.)—Owns and operates
from Sykesvllle, Pa., to Wellsvtlle, N. Y.. with several branch lines. In¬
cluding 20 miles leased.
Total mileage June 30 1906, 243.03.
This In¬
cludes extension of 70 miles from Slnnemahonlng southward to Sykesvllle,
Pa., where coal properties are located; operated from July 1 1905.
V. 79,
p. 902.
Has trackage rights from Stanley to Juneau, 16 miles, whence
extension has been built to Sagamore, 23 miles, under charters of South¬
western Du Bols and
Plumvllle RRs., which additional 39 miles will
be added to operated mileage May 1 1907.
V. 77, p. 768, 1301; V. 78, p.
102; V. 80, p. 710.
From July 1 1907 the company will be leased to the Buffalo &
Susque
hanna Railway for rental of Interest on bonds and dividends of 4
% on pre¬
ferred stock.
BUFFALO & SUSQUEHANNA COAL & COKE CO.—This company,
the securities of which are owned by the B. & S. RR
owns coal lands at
.
Medlx. Du Bols, Troutvllle, Big Run and Sagamore Pa.
These lands are
estimated to be underlaid with about 100,000,000 tons of coal.
Twelve
mines In operation, annual capacity 3.000.000 tons.
V. 77, p. 1301; V 79,
p. 2091-2; V. 82. p. 1322.
POWHATAN COAL & COKE CO.—This company, all of whose securi¬
ties are owned by the B. & S. RR., owns coal lands at Tyler and at
Sykes¬
vllle, underlaid with about 26,000,000 tons of coking coal. Both Its coking
plants, with capacity of 800 tons of coke dally, are operated and are shipping
to Buffalo for the use of the Buffalo &
Susquehanna Iron Co.
STOCK.—Common stock, all except directors’ shares, owned by B. & S.
Ry., $4,456,900; par of shares, $50.
Preferred. $4,000,000 4% non-cum.;
See application to list, V. 78, p. 2389; V. 82, p. 568.
par, $50.
DIVIDENDS.—On common, 4 % In 1895 and 5% yearly since to
Apr.
1907, Inclusive, paid Q-J.; on preferred, 1 % quarterly March since date of
Issue, beginning with Sept. 1902.
BONDS.—The 5 per cents of 1913 have been reduced by the
operation of
the sinking fund and by refunding Into 4s of 1951 to $149,500.
They are
subject to call at par for sinking fund In order of numbers, beginning with
highest. V. 65, p. 234.
The 4 per cents of 1951 are secured Dy a first refunding
mtge. on the entire
property, and are further secured by deposits of purchase money mtges.
aggregating $3,000,000 on coal lands estimated to be worth $6,000,000;
outstanding, $8,948,000, of which $29,000 have been retired by sinking
fund.
Further amounts may be Issued at
not
over
$25,000 per
mile for the construction or acquisition of additional
road; also for new
terminals, 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
mortgage.
V. 73, p. 619, 899; V. 84, p. 748.
Sinking’fund of 3 cts. per
ton of coal mined by coal companies mortgaged to be Invested In the
bonds,
if purchasable at not exceeding 110%; otherwise In securities
legal for sav¬
ings banks.
EARNINGS.—8 mos., \1906-07
Gross, $1,191,518; net, $398,393
July 1 to Feb. 28.
J1905-06
Gross.
1,057,116; net,
389,017
For 6 mos. ending Dec. 31 1906, net, $323,814,
against $291,144 in 1905;
Other Income, $96,263; fixed charges, $175,284; other
deductions,
$65,460;
bal. for dividends, $179,333.
REPORT.—Report for
1,000,000
66,000
Is land &
Pacific
Ry and also
&
Quine y.
1907
See text.
40
1898
1,000
985,000
BUFFALO ROCHESTER & PITTSBURGH RY. (Concluded)
Year end. June 30—
1906.
1905.
1904.
Miles June 30
568
538
499
Gross earnings
$7,797,248
$8,138,275
$7,496,521
Net earnings
$.3,000,882
$2,848,733
$2,893,325
Other Income
32,204
22.805
33,437
year ending June 30 1906 was given at length In
showing gross, $1,522,729; net, (over taxes), $535,213;
V. 83, p. 1091,1116,
other Income, $137,613; total income, $672,826: Int.. rentals.
&e., $426.320; net Income, $246,505; adding surplus from previous years,
$577,334
and deducting div. on com., $222,845, and div. on
pref., $130,000, leaves
total surplus of $470,994.
In 1903-04, gross, $962,696; net, $327,196.—
(V. 84, p. 673, 748.)
BUFFALO & SUSQUEH ANN A RY.—(Sec Map.)—Owns from
Wellsville
N. Y., to Blasdell, 80 miles; trackage Blasdell to
Buffalo, 6 miles; total, 86
miles.
From July 1 1907 this company will lease the B. & S. RR. for 999
years for Interest on bonds and a guaranteed dividend of 4
% yearly on the
preferred stock.
Has acquired common stock of B. & S. RR. Co., and thus
controls road
extending from Buff., N. Y., to Sagamore, Pa., abt. 60 m. north of Pittsb.,
with
which,
Its several branches, will have a total mileage of about 370
miles.
At Sagamore are situated the principal coal mines of the Buffalo
&
Susquehanna Coal & Coke Co.
The Buffalo & Susquehanna Coal & Coke
Co. and the Powhatan Coal & Coke Co. (V.
75, p. 922; V. 79, p. 2061,
2091-92) are located on the lines of the B. & S. RR.
Shipments over the
B. & S. RR. by these companies will
amountlto at least 3,000,000 tons per
annum.
(See V. 76, p. 593.)
rmowantT
350.000
See text.
50
102
243
k
California Midland—1st M $3,000,000 gold
Cal Northwest—1st M gold ($2,000,000 guar p & 1) 8 f
California Pacific—See Southern Pacific RR
Cal W RR & N—1st M $700,000 gold guar s f text-.c*
Cambria & Clearfield—1st M ($2,000,000) gold.GP.c*
HBell’s Gap consol M sinking fund not drawn. GuP.c*
Clearfield & Jefferson first mortgage
GuP.c*
i- Pennsylvania & N W gen M $2,500,000
GuP.c*
Cambria & Clearfield general mortgage gold
When
[
I Payable.
5 g
J
Bonds—Princi¬
pal, When Due.
Where Payable, and by
Whom.
Stocks—Last
Dividend,
5 g
4y*
6
5 g
4 'A g
4^ g
J Farmers’ L & Tr, N Y
&
10,500,000 6 In 1906 F
in 1906 F
6,000,000
6 g
1,300,000
F
6 *
3,917,000
5 g
4,427,000
;M
Association—See Wabash RR.
Burlington Cedar Rapids & Northern—See Chicago R
Burlington & Missouri Valley—See Chicago Burllngt
i;
$1,000,000
1,000
1,000
1900-1
1,000
1902
1,000
1904
1,000
1906
1,000 &c
G.c*
B & C $1,000,000 each gold s t
G
D $2,000,000 gold red 105 sink fund
E $2,000,000 gold red 105 sink fund
Construction & Impt notes (V 83. p 1522)
c
Buffalo & Susquehanna RR—Common stock
Preferred stock 4% non-cumulatlve
First M gold sinking fund redeem at par._Me.c*&r
Buffalo Terminal
Size, or
of
'
One year loan
B R & P car trusts gold due semi-annually
t
INTEREST OR DIVIDENDS.
Date
oad. Bonds.
Brunswick & Western—See Atlantic Coast Line RR.
Buffalo Cr.—Con (now lst)M $1,000,000 g int as rent.c*
Buffalo New York & Erie—See Erie Railroad.
Buffalo Rochester & Pittsburgh—Common stock..Tr
Pref stock non cum common 6 % then pro rata..Tr
R & P 1st M gold Rochester to Salamanca
Un.c*
R & P consol M $20,000 per mile gold guar..Un.c*
B R & P 1st general M ($10,000,000) gold
Un.c*
Lincoln Park & Charlotte 1st M gold guar..Un.c*
II R & P consol mortgage $35,000,000
[VOX.. LXXXIV.
jJ
&
&
&
&
&
&
A 36 Wall
A
do
A
do
D
do
S
do
J
do
&
&
&
&
&
&
D
N
N
N
N
'...
L
J
Jan
Street, N Y
do
do
do
do
do
‘
_
M
M
4H gM
4H g M
4^
F
a!
In 1906
Q—J
4
" ! Q—M
5 g
,'A & O
4 g
J
&
J
4^1 f M & N
5
&
J
J
do
do
do
do
do
do
1
1941
Feb 15 1907 3 %
Feb 15 1907 3 %
Feb 1* 1921
Dec
1 1922
Sept 1 1937
Jan
1 1939
1957
Mch 11 1908
do
do
do
do
do
do
1907-1908
May 1 1919
May 1 '20-’21
Nov
May
1
i
1
1919
1922
Aug
1909
Apr 1 ’07, Ui
Mar 1 1907 1 %
Fisk & Robinson, N Y
Harvey Fisk & Sons.N Y Oct 1913
April 1 1951
April 1 1953
Fisk & Robinson, N Y
Fisk & Robinson, N Y
N W Harris & Co, N Y
July’07-July ’16
Rock Isl and Co.
N
O San Francisco <Jc New Yk
May l 1947
April 1 1928
J First Tr & Sav Bk, Chic
J Broad St Station, Phlla
O
do
do
J
do
do
J!
do
do
A;
do
do
July
1907-1926
Jan
1
1941
April 1 1913
Jan
Jan
Feb
1
1
1
1927
1930
1955
.•
The Buffalo & Susquehanna Iron Co., a closely affiliated corporation, has
erected two blast furnaces on a tract of land adjoining tne teim,,ru
property
of the B. & S. Ry. at Buffalo.
(See V. 75. p. 922: V. 79. p. 2 )61, 2092.)
The Railway Co. will transport all the coal .and coke.
Connection Is made
at Buffalo with the Buff. & Susq. S. S. Co., owned by affiliated interests
STOCK.—Authorized, $10,000,000; Issued, $9,000,000; par. $100.
BONDS.—The first 50-year gold 4>-3s (authorized Issue, S4.no;,) ,000, all
outstanding) are secured by a first lien on valuable terminal property at
Buffalo and the 86 miles of railroad In New York State; also by
deposit
the United States Trust Co., trustee, of all the common stock of
the B. & S. Railroad Co. (5% yearly dividends paid), amounting to $4,456 900.
(V. 74, p. 1040.)
See V. 76, p. 593; V. 79, p. 2695.
Of the equip¬
ment trust 5% bonds of 1906, $44,000 mature Jan. 1 and $43,000
July 1
yearly.
V. 82, p. 1495.—(V. 82, p. 1495; V. 83, p. 1227; V. 84. p. 270.)
with
“BURLINGTON.”—See CHICAGO BURLINGTON & QUINCY RR.
BURLINGTON CEDAR RAPIDS & NORTHERN RY.—In 1903 title was
acquired by deed by Ch. R. I. & Pac. Ry. Co., the holders of the outstanding
unexchanged stock (about $172,200—total Issue $7,150,000) being guarant’a
the payment of 6 % divs. J.-J., as called for by the lease.— (V. 82. p. 1040.)
CALGARY & EDMONTON RY.—Owns Calgary. Canada, to Edmonton,
Canada. 191 miles, and to Fort McLeod, Canada, 104 miles.
In Feb. 1903 a new lease to the Canadian Pacific (which owns entire
$1,000,000 stock) for 99 years was ratified, under which the 6 % bonds (£ 1,121,700) were exchanged for an equal amount of debenture stock, on which In¬
terest Is guaranteed at 4 %. At the termination of the lease the
principal of
the bonds will be paid at par or a further lease entered Into. V. 76,
p. 434;
V. 77, p. 1224. The stockholders voted on Sept. 20 1904 to Issue bonds to
build the Lacombe and Westasklwln branches, each about 50 m., under
construction.
V. 79. p. 1027, 1265.
Proposed bonds on bridges over
Saskatchewan River not exceeding $1,000,000.
See V. 80. p. 116.
CALIFORNIA MIDLAND RR.—V. 84, p. 693.
CALIFORNIA NORTHWESTERN RY.—Owns Uklah to north of Sher¬
wood, Cal., 40 m., and leases San Francisco & North Pacific Ry., Point Tlburon, Cal. (whence ferry to San Francisco 6 miles), to Uklah, Cal., 106
miles, and branches, 71 miles. In Jan. 1907 the two roads, with other roads,
were taken over by the Northwestern Pacific
RR., Incorporated with $35,000,000 authorized stock.
V. 84, p. 101.
Bonds guaranteed by San Fran¬
cisco & North Pacific, leased for net profits for 20 years from
Sept. 20 1898.
Year ending June 30 1906 (217 miles), gross, $1,607,639: net, $554,308;
Interest and sinking fund, $330,081; balance, surplus, $224,227.
(V. 83
p. 271; V. 84, p. 101.)
CALIFORNIA-WESTERN RR. & NAVIGATION CO.—Owns Ft. Bragg.
Cal., to Alpine, 23H m.
Mtge. provides for extension from Alpine to head
of Noyo River, 9 m., thence to Wlllits, 9
m. Stock authorized, $1,000,000;
par, $100.
Mtge. covers also terminals, railroad wharf and 18,000 acres of
timber land. Bonds are guaranteed, prln. and int., by Union Lumber Co.,
and redeemable at 105 at end of any year In reverse of numerical order. The
Dresent Issue matures $20,000 yearly, and remaining $280,000 are to tall due
in equal yearly Installments.
Sinking fund, see V. 81.
earnings applicable to Interest for 6 mos. ending Dec. 31
Pres., Frank Trumbull.—(V. 81, p. 1495.)
p. 1435.
Net
1905, $39,998.
(THE) CAMBRIA & CLEARFIELD RY.—Cresson Jet. to Hoover’s Mill
Branch Jet., 50 m.; Bellwood to Horatio, 61 m.; Cresson to Irvona, 27
m.;
Kaylor to Black Lick, 37 m.; Vail to Gramplon, 50 m.; Bradley Jet. to
Cherry Tree. 18 m.; branches, 150 m.; total, 393 m. A consolidation Aug. 1
1903.
V. 78, p. 828.
Stock, $4,833,850, of which $4,829,350 owned by
Penn. RR. Co., which operates road. A full abstract of mtge. securing
5s of
1891 was In V. 52, p. 976.
Of the bonds, $634,000 first 5s and $597,000
1907
owned
gen. 4s were on Jan. 1
by the Penn. RR.
For year ending
Dee. 31 1906, gross, $2,657,703; net, $440,076; other Income. $41,736;
Int.,
taxes, &c., $317,541; divs., $145,015; bal., sur., $19,256.—(V. 77. p. 298.)
CAMDEN & BURLINGTON COUNTY RR.—Owns from Camden, N. J.
to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly,
7 m.: total, 30 m. Operated by Penn. RR., which guarantees 6 % on stock.
Stock, $381,925; par, $25.
In 1906, gross, $310,937;
to lessee under rental, $21,080.—(V. 64, p. 373.)
net,
$16,336; loss
CANADA ATLANTIC RY.—Owns Depot Harbor, Ont.,
on Georgian
Bay, via Ottawa, to Vermont State line, 400 m.; trackage to SwantoD, Vt.
etc., 10 miles; lease for 99 years Central Counties Ry., Glen Robertson to
Hawkesbury, 21 m.„ and South Indian to Rockland, 17 m.; owns greater
Eart
stock
fromThe
Pembroke
to Golden
Southern
branch
iake,of21
m. of
(V.Pembroke
82, p. 451,
1101); Ry.
total,
468 m.
Grand Trunk
ac¬
quired the road and took It
over
Sept. 30 1905.
V. 81, p. 1174.
Canada Atlantic Transit Co., $1,000,000 stock, operates steamers, PaiTy
Sound to Duluth, Milwaukee and Chicago.
V. 69, p. 954; V. 70. p. 279.
The 50-year 4s of 1905 (authorized Issue,
$16,000,000; Royal Trust Co.,
Montreal, trustee) are guaranteed, principal and Interest, by the Grand
Trunk; $2,908,000 is reserved to retire the outstanding bonds and the
remaining $2,000,000 for future requirements. V. 79, p. 967, 1131, 1641,
2454; V. 80, p. 1058. 1727, 2343.
In Oct. 1906 the Central Counties Ry. (leased line)
proposed to apply to
the Canadian Parliament for authority to extend the road, Issue bonds
therefor and lease, sell or amalgamate with other cos. V. 79.
p. 2746; V. 83,
As to Pembroke Southern guaranteed bonds, see V. 82. p. 451,1101
p. 817.
STOCK.—$6,200,000 common and $1,000,000 preferred, all Issued.
REPORT.—In 1905-06, gross, $1,971,028; net above taxes and rentals.
$433,651; net earnings of steamships. &c., $9,624; Int. on bonds, $591,701;
taxes. $24,580; bal., def., $173.006.—(V. 83. p. 817; V.
84, o. mi.)
CANADA MICHIGAN & CHICAGO.—Bonds worthless. V. 63.
p. 838.
CANADA SOUTHERN RY.— (See Maps N. Y. Cent. A Hud. Rlr. RR.) —
ROAD.—Main line from Suspension Bridge station, including the Cantilever
Bridge, to Windsor, Ont., 226 m.; branches to Courtrlght, Ont., &c., 231 m.;
total, 457 m., of which 85 miles are nominally owned by proprietary com¬
panies. Trackage, St. Thomas to London, Ont., 15 m. Double track.152 m.
Detroit River Tunnel, under construction, see Michigan Central RR.
Ape., 1907.]
RAILWAY STOCKS AND BONDS
RAILROADS.
For
explanation of column headings, &,c.,
on
Miles
Date
of
of
see notes
first page of tables.
Size,
Road. Bonds.
Camden & Burlington County—Stock 6% guaranteed
First M gold guar p&ibyUnNJ RR & CanCoGP.c*
Canada Atlantic—1st M gold Ottawa to Lacolle &c.Fc*
Consol 1st M $16,000,000 gold guar prln & Interest
Ottawa Arnprior & Parry Sound first mortgage
Pembroke Southern first mortgage guaranteed
Central Counties first mortgage Interest rental
Canada Mich & Chicago—1st M.
See V. 63. D. 838
Canada Southern—Stock
First M $14,000,000 (Can money). See V 63, p 18S
Second M for $6,000,000 (Can money1)
c&r
do
Leamington & St Clair 1st M gold guar p & 1 (end) .c*
30
138
1897
1889
1905
’
..
$25
1,000
1.000
& £
$
261
_.
Canadian Northern Ontario—Deb stock $20,000 ner Ill
Canadian Nor—L Man Ry’ & Can Co $8,000 p m] a
Canadian Nor & Man Dlvs $8,000 per mile cj ^
Gilbert Plains Branch $8,000 per mile
>
Ontario Div 1st M deb $44,700 are 4 As
Manitoba Branch lines
1st cons deb M (Man lines) $10,000 p m._c&rj eT
Manitoba lines second mortgage
Gunllint Branch bonds $10,000 per mile
Erwood extension bonds
Manitoba Provincial bonds. $8,000 ner mile
Perpetual consol deb stock (V 81, p 1609)
First M deb stock $13,000 p m guar by Canadian Gov
Qu’ApLongLakeArSask deb stock £1,050,000 guar
First land grant M redeem 110 (V 75, p 183, 549)
Imperial Rolling Stock 1st M ser A part due yearly
do
do
ser B to F $210,000 due y’rly
do
do
ser G $45,000 due y’early
do
do
ser H $60,000 due y’early
do
do
ser K $100,000 due yearly..
do
do
ser L $250,000 due y’early
Can.Nor.Quebec—Gt.Nor. cons.M $7,962,000(text) __Ce
Perpetual guar, debenture stock (see texti
Canadian Pacific—Stock $150,000,000 authorized
Preferred stock limited to 4 % non-cumulatlve
r
Canada Central RR second mortgage (now first)..
Canadian Pacific first mortgage debentures sterling
INTEREST OR DIVIDENDS.
or
Par
Value.
30
1906
459
404
404
16
268
125
287
27
287
1S78
1S83
1895
1906
1896
1899
1900
1901
£100
£100
£100
£100
£
&
67
$
1,666
1903
500
£100
1903
1906
249
£100
1902'
1903
1904
1904
1905
1906
1905
$1,000
$ or £
$ or £
*
500
500
%
Payable.
$381,925
350,000
3,450,000
4,981,000
130,000
1,101,370
£53,100
£395,800
£5.800
£1,804,500
£2,039,700
354,000
669,000
693,900
349.000
£2,240,000
£1,923,287
See text.
$2,000,000
1,060,148
1,470,000
360,000
4 80,000
&c
&c
2.200,000
166
121 .680,000
100
£100
£100 &C
42,719,999
900.000
See text.
..
£1,000,000
■
269
3,221
1880
1885
ORGANIZATION, &e.—The company was chartered In Canada Feb. 28
1868, and debt readjusted In 1878.
In 1903 made a new lease to Mich. Cent,
for 999 years, the latter guaranteeing dividends on the stock at 2
A % yearly
to 1910, thereafter 3%:
also authorizing a mortgage to retire existing
bonds and pay for improvements.
V. 7G, p. 1191, 1247; V. 77, p. 950; V.
84, p. 803 — (V. 80, p. 2457; V. 82, p. 568, 927; V. 84, p. 803.)
CANADIAN NORTHERN ONTARIO RY.—Toronto, Ont., Can., to Sud¬
bury, 268 m., (150 m. operated), with branch to French River, on Lake
Huron, thence connecting by steamship with Port Arthur.
Under con¬
struction from liawkesbury to Ottawa, to be continued to French River
Jet. and later from Ottawa to Toronto.
Name changed from James Bay
Ry. June 30 1906.
V. 83, p. 154.212; V. 79, p. 903, 2697.
The debentures
are secured by deed of trust to National Trust
Co., of Toronto and the Brit¬
ish Empire Trust Co. of London, and guaranteed,
prln. and lnt.. by the
Ontario Govt.
V. 83, p. 212, 968; V. 84, p. 930.
In Feb. 1907 the Cana¬
dian Govt, was asked to guarantee the bonds at $20,000
per mile of a pro¬
.
posed line from a point 9 miles above Parry Sound to North Bay, about 75
V. 84, p. 449; V. 83. p. 1468.—(V. 83, p. 968; V. 84, p. 930.)
m.
CANADIAN
NORTHERN QUEBEC RY.—Owns main line between
line of Quebec & Lake St. John Ry., to Hawkesbury
on the Canada-Atlantic Ry., 169 miles;
branches, 39 m.; Jollette to Mon¬
treal, 37 m.; total, 245 m.
Extension from Garneau Jet. to Quebec, 90 m.,
and branch from Montfort Jet. to Saint Jerome, 20
m.f to be completed
in 1907.
Owns elevator, car shops at Quebec, &c.
V. T\, p. 1220.
Stock,
com., $4,550,000; pref., $3,450,000.
Amalgamation July 1906 of Great Northern Ry. with Chauteaugay
& Northern and the Quebec New Brunswick & Nova Scotia
Railway,
the latter projected from Quebec to Quebec Bridge and thence
through
Maine to a point near Moncton, N. B., thence
through Westmoreland
and Cumberland counties to Pugwash and New
Glasgow, &c. V. 83, p. 271.
On June 11 1906 the Quebec New Br, & Nova Scotia tiled a
mortgage.
V. 82, p. 986; V. 79, p. 2696; V. 83, p. 155.
In Oct. 1906 It was proposed
to apply for permission to lease the road to the Canadian Northern or Ca¬
nadian Northern Ontario Ry.
V. 83, p. 1036.
The Great Nor Ry 4s of 1905 ($7,962,000 authorized
per plan V. 79, p.
2795, are subject to call at par during ten years from date.
Of the bonds,
$4,962,000, guar. prln. and lnt. by Canadian Northern Ry.,wcre Issuable to
retire old bonds and pay off other liens and debts, and
remaining $3,000,000,
at not over $20,000 per mile, for additional
mileage. Suit on Great Nor.
Elev. mtge., V. 81. p. 1315.
The shareholders
Oct. 22 1906 authorized an Issue of 4% perpetual
debenture stock guaranteed by the Canadian Northern, limited to an amount
sufficient to provide for old bonds issued by Great Northern and Cliateaugay
& Northern and Quebec New Brunswick & Nova Scotia, and not
exceeding
$20,000 per mile hereafter constructed or acquired.
In Oct. 1906 holders
of $1,514,500 of the $5,462,000 Gt. Nor. Ry. bonds and all of the Chateaugay Northern ami Quebec New Bruns. & Nova Scotia bonds had consented
to exchange their bonds for this debenture stock, and
£1,000.000 Issued
therefor was subscribed for by the public.
V. 83, p. 968; V. 83, p. 751;
V. 84. p,693.748,
Pres., 1). B. Hanna, Toronto; 1st V.-P., James McNaught, 35 Nassau St.
N.*Y.—(V. S3, p. 155; 271,751,968, 1036; V. 84, p. 693,748.)
on
CANADIAN NORTHERN RY.—Operates from Port Arthur,
Ont., on
Lake Superior, to Winnipeg, and thence Into Northwestern Canada.
Miles, j
Miles.
Port Arthur to Winnipeg
439 | Arizona Jet. to Morris and BranWinnipeg to Kamsack
279 j
don Jet
:
77
Stanley Jet. to Gunllint
67 | Brandon Jet. to Carberry Jet
23
Carman Jet. to Belmont
1
49 | Delta Jet. to Delta
15
Portage Jet.
to
International
| Neepawa Jet. to McCreary Jet
70
boundary
63 j Namsack to Edmonton
548
Morris to Somerset
62 ISifton Jet. to Winnepegosls
21
Hartney Jet. to Brandon
40 | Emerson to Rldgevllle
12
Belmont to Vlrden.
91 j Greenway to Adelpha
52
Gilbert Pis. Jet. to Prince Albert-361 |Oak Pt. Jet. to Oak Point
54
Rossburn Jet. to Rossburn
79 I Winnipeg Transfer Line
11
....
Total, June 30 1906 (including 351 miles leased from Nor. Pac.)
2.482
Extensions of 620 miles from Grandview to Edmonton and 100 miles from
Prince Albert easterly were completed late in 1905.
Other lines eontem-
Slated
will Ontario
bring total
mileage
approximately
2,788 miles.
orthern
Canadian
and
Canadian
Northern to
Quebec
railways,The
allied
com¬
Montreal and Quebec.
In Dec. 1906
proposed to apply for permission to build 14 branches and extensions
and Increase the powers In regard to issuing bonds or other securities.
V.
access to
t was
Lake & Saskatchewan RR. & Steam¬
boat Co.. Regina, to Prince Albert, 249 miles, was acquired, the £3,809,140
outstanding bonds being offered £107 per £100 bond in 4% debenture stock
guaranteed,T>rin. and lnt., by Canadian Northern Ry., and the £275,000
certificates for unpaid Interest £30 per £100 In the debenture stock.
The
road has been operated under lease since Jan. 1907.
See V. 83, p. 214,
324,688,1036.
In Dee. 1906 the same Interests, It was reported,
acqu!recL51% of the
$6,000,000 stock of the Quebec & Lake St. John Ry., Quebec to Roberval,
on Lake St. John. 189 miles, with branch from
Chambord to Chicoutimi,
51 miles, and one nearing completion from Riviere a Pierre Jet. to St.
Tite,
40 miles.
V. 83. p. 1348, 1410.
ORGANIZATION.—William Mackenzie of Toronto, Senator George A.
-ox and the Canadian Bank of Commerce are
floating the enterprise.
The Manitoba lines of the Northern Pacific Ry., 351 miles, are sublet
from the Provincial Government for 999 years from May 30 1901 at $210,000
annually for first 10 years, then $225,000 for 10 years, then $275,000 for
10 years, and thereafter $300,000, with
option of purchase for $7,000,000.
Manitoba Government has option to purchase entire property In 1929.
See below and V. 72, p. 437; V. 73, p. 615.
LAND GRANT.—Of the entire land grant, 2,455,466 acres, about
363,000 are held for account of Manitoba Government In connection with
Outstanding
$101.000
1904
.
83.p.1468.
In Aug. 1906 the Qu ’Appelle Long
When
1,000
..
panies (which see). will afTord
Rate
6
4 g
5 g
4 g
5
4
5
150,000
380,000
1,000 Worthless
100
15,000,000 See text.
1,000
5
14,000,000
1,000 &e
5
6,000,000
...
Rlv-a-Pierre,
Amount
1,000 000
38
25
973,333
34,998,633
4 g
3 A
4
J
F
J
J
M
&
&
&
&
&
Where Payable, and by
Whom.
Bonds—Princi¬
pal, When Due
Stocks—Last
Dividend.
J Broad St Station, Phila
A
do
do
J Bank Mont, N Y & Mont.
J
do
do & Loud.
Jan
Feb
Jan
Jan
s
Sept 1
F
&
A Grand Cent Station, N Y
J
&
J Union Trust Co, N Y
M
&
S
do
do
A
&
o Bank of Montreal, Mont
M & S 31
"
1956
Feb 1 1907 IX
Jan
1 190S
March 1 1913
Oct
1 1945
Julv 10 1936
Aug
4
4
1907 3 %
1 1927
5 1909
1 1955
1
1926
Feb
1 1929
Nov 1 1930
4 & 4 H g J & I) 30 London and Toronto
June 30 1930
J
D 30
4
June 30 1930
4
J & D 30 London, Toronto & N Y June 30 1930
June 30 1930
4 A
June 30 1930
.T & D 30
4 A
June 30 1930
4
Oct
1 1930
4
J & D 30 London, Eng
Irredeemable
3
M 31-S30
do
July 10 1953
4
J
&
J
Julv 1 1936
4 g
F
&
A Nat Tr Co, Tor or Lond
Feb
1 1919
5 g
M
&
N C Bk of Com, NY; or Tor Nov 1 1906-’12
5
F
A
&
do
or London, Eng Aug
1 190 7-’13
5
M
&
do
S
Toronto or Lon Sept ! i9U7-’14
do
do
1907-1914
4 A g A
&
O N Y, Toronto or London Oct 1 1907-’15
4 A g J
&
D
do
June 1 1908 ’16
do
4
A
&
Q New York
April 1 1935
4
J & D 31
Perpetual
See text. A
O Lond & 59 Wall St. N Y Apr 2 1907 3 X
&
A
4
&
O Company’s Office, Lond
Apr 1 1907 2 %
6
Various
Montreal
Nov 1 1910
5 g
J
J Baring Bros & Co., Lond. July 1 1915
&
guaranties, 533,000 for account of Dominion Government as security for a
mall contract subsidy, the remaining 1,500,000 to be sold from time to time
through a selling agency; V. 76, p. 1083. See V. 75, p. 183, 549; V. 81,p. 263.
STOCK.—June 30 1906, authorized, $30,750,000; par, $100; all paid
BONDS.—On Winnipeg and Saskatchewan divisions there have been
first mortgage bonds, guaranteed principal and Interest, by the
Government of Manitoba, at $8,000 per mile; also second mortgage bonds,'
unguaranteed, $2,000 per mile.
See V. 75, p. 1353; V. 71, p. 235.
In July 1903 Canadian Government guaranteed 50-year first mortgage 3 % 4
debenture stock, at $13,000 per mile, for the construction of 620 miles from
Grandview to Edmonton and 100 miles from Prince Albert easterly.
V. 80,
p. 1234; V. 76, p. 1299.
In Dec. 1904, $4,866,666 (£1,000,000) first consolidated mortgage
dcben-M
tures on Manitoba lines, guaranteed, principal and Interest,
by Government"
of Manitoba, were sold, being part of an authorized Issue at $10,000
per^
mile.
V. 80. p. 116; V. 78, p. 1274; V. 79,
p. 2794; V. 81. p. 1607.
In
March 1906 £577,500 additional was listed In London.
V. 82, p. 568.
In
March 1906 branch line bonds were offered the option of exchange for 1st
consol, deb. 4s.
V. 82, p. 691.
In Jan. 1905 the Manitoba Government was asked to guarantee $2,890,000
additional bonds, viz.: $1,000,000 for Winnipeg terminals, a line to Oak
Point on Lake Manitoba and bridge over Asslnlbolne River and $1,890,000
for 189 miles of branches.
V. 80, p. 710.
The Ontario Division 4Xs (see V. 72, p. 338, 437) were mostly In 1902
exchanged for 4s, guaranteed, principal and Interest, by the Government of
Manitoba.
V. 74. p. 882; V. 75, p. 1398; V. 71, p. 235.
^
In 1903-1905 £2,240,000 perpetual consolidated debenture stock was Issued
to acquire securities of controlled properties*
V. 76, p. 1247; V. 77, p. 87;
V. 80, p. 996; V. 81, p. 609.
As to Imperial Rolling Stock 5s of 1902, see
V. 75, p. 1353; of 1903, V. 77, p. 1746, 1873; of 1904, V. 79, p. 1641; of 1906
V. 82, p. 1267; V. 84, p. 506.
See also V. 81, p. 1550.
In Dec. 1906 or¬
dered equipment to cost $4,825,000 for 1907 delivery.
V.83, p. 1523.
Great Northern Ry. of Canada bonds are guaranteed.
V. 79, p. 2454.
also Canadian Northern Quebec perpetual debenture stock.
V. 83. p. 751.
EARNINGS.—8 mos., \1906-07
Gross, $4,600,700; net ,$ 1,228,300
July 1 to Feb. 28.
J1905-06
..Gross, 3,354,500; net, 1,172,700
REPORT.—Report for year ending June 30 1906 (2,482 miles) was in
V. 83, p. 1092, showing gross, $5,903,755; net, $2,229,023; charges, $1,509,448; surplus, $719,574.
In 1904-05 (1,876 miles), gross, $4,190,212;
net, $1,545,482.
Pres., William Mackenzie; Vice-Pres., D. D. Mann; Treas., A. W.
Mackenzie; Sec., W. H. Moore.
Office, Toronto, Can.
Directors—Wm.
Mackenzie, D. D. Mann, Z. A. Lash. Frederic Nlcholls and R. M. HornePayne.—V. 83, p. 969, 1036, 1092, 1410, 1468, 1522; V. 84, p. 449, 506.)
CANADIAN PACIFIC RY.—ROAD.—Owns a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows July 1 1906:
Montreal to Vancouver
2,905 Under construction July 1 1906 924
Branches and auxiliaries
2 261 Operated account of owners.
438
Leased lines
Also controlled but oper. sep.—
3,518
Used Jointly
aMinn.
93
St. P. & Snult Ste. M. .2,153
Issued
-
..
Total In traffic returns
8,777
uDuluth South Shore & Atlantic 593
a See each company’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.
Operates trans-Atlantic and
Pacific steamship lines; also steamers to Alaska.
STOCK.—The issue of preferred must never exceed one-half the common
In Feb. 1907 about $5,000,000 preferred stock was sold, raising total
stock.
amount out to $42,719,999.
V. 84, p. 338, 693.
The stockholders voted
March 19 1906 to Increase the common stock to $150,000,000.
Of the new
stock, $20,280,000 was subscribed for by’ stockholders pro rata at par, In¬
creasing tiie amount outstanding to $121,680,000.
The new stock will be
entitled to dividends for half-year ending Dec. 31 1906.
V. 82, p. 333, 691.
DIVS.— 90-’94 ’95. 96. ’97. ’98. *99. '00. ’01. ’02. ’03. '04 to Apr. ’07.
•Com, %\5 yrly. 0
5^ 5
2H 2M 4)( 4
5
5X
6 yearly.
Pref. %j Issued In 1894.
4 % yearly (2 % A. & O.)
•
Also 1% extra to be paid in 1907 from interest on land sales, viz., A %
Apr. 1 and A % Oct. 1.
See ‘‘General Finances” below and V. 83. p. 817.
BONDS. DEBENTURE STOCK, GUARANTEED BONDS, ETC.—
List of securities held against consolidated debenture stock In V. 83, p. 501.
In June 1890 company agreed to guarantee the principal and Interest of
$20,000,000 4 %, bonds to be Issued by the Dul. South Shore & Atl.; also
4 % interest on consolidated bonds of the Minneapolis St. Paul & Sault Ste.
Marie, and In 1899 Interest on the second mortgage 4s of the latter, and In
1901 Interest on $1,254 000 Mineral Range 4 % bonds, the last-named
being
all owned June 30 1906.
See V, 50, p. 874; V. 51, p. 239; V. 52, p. 608;
V. 68, p.*669, 770; V. 73, p. 556.
Owns Dul. S. S. & Atl. consols. $15,107,000.
St. Lawrence & Ottawa bonds are endorsed with the Canadian Pacific’s
acceptance of a 999-years’ lease at a rental sufficient to pay 4 % Interest on
bonds, and the bondholders agreement to accept Interest at 4 % (Instead of
6 % 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 Canadian Pacific: Interest on the first mortgage bonds,
though not guaranteed, Is paid out of rental under 990-year lease of 1890.
The Calgary & Edmonton Ry. debenture stock is guaranteed interest at
4 % under new lease of 1903.
V. 76, p. 435; V. 77, p. 636.
The Lindsay Bobcaygeon & Pontypool Ry. bonds are Issued under a
99-year lease covering the Interest.
V. 77, p. 1225; V. 79 p. 2085.
In 1906 proposed to guarantee Toronto Union Station Co. bonds.
V. 82,
p. 451. In Nov. 1906 it was proposed to apply for authority’ to issue not
exceeding $35,000 debenture stock per mile on the Toronto-Sudbury branch,
229 miles.
V. 83, p. 1098.
Car trusts outstanding June 30 1906 $2,579,366.
LANDS.—Lands unsold June 30 1906 were 9,501,733 acres of Canadian
Pacific grant and 237,545 acres of Manitoba South Western grant, 108,697
Great North-West Central grant, 3.499,378 British Columbia Southern and
26
RAILWAY STOCKS AND BONDS.
RAILROADS.
For
explanation of column headings, Ac.,
on first page of tables.
Miles
Date
of
of
see notes
INTEREST OR DIVIDENDS.
Size,
or
Par
Value.
Road. Bonds.
[Vol.
Amount
Outstanding
,
Rate
When
%
Payable.
Canadian Pacific
(Concluded)
First mortgage on Algoma
Branch gold ..c*&r
183
1888
£100 Ac
5 %
O
$3,650,000
&
Consolidated perpetual debenture stock.
£1 Ac 101,519,411
1889
4
J
A
Securities of Principal Leased, Etc., Lines.
Manitoba S W Col Ry $12,000 per mile Int gu., gold
218
1884
5 g
$1,000 $2,544,000
J
A
Atlantic & Northwest—1st mortgage gold guar.c*&r
350
1887
£100 &c £1,330,000
5 g
J
A
St Lawrence & Ottawa—first mortgage gold see text
58
1876
£50 &c
£200,000
(6) 4
J.A D
Ontario & Quebec stock guaranteed In perpetuity
£100 £2,000,000
6
J
A
Ontario & Quebec deben Interest guar in perpetuity
671
£1 £4,007,381
5
J
A
Toronto Grey & Bruce IstM gold, interest as rental
191
1883
£100
4 g
J
£719,000
A
New Brunswick Ry 1st M gold Int from rental
c*
174
1884
£100
s
F
£630,000
A
g
Perpetual consol debenture stock, Interest guar
1890
£1
4
J
A
£904,533
Calgary A Edmonton deb stock gold Interest as rent
1890
J 3 A
£1,121,700
4 g
Branch line bonds $1,040,000(owned by Can.Pac.)
52
1905
4
J
$1,000 $1,040,000
A
Lindsay Bobcayg & Pontypool 1st M $700,000 gold
40
1903'
1,000
4 g
J
500,000
A
Minn St P & Sault Ste Marie and Duluth So Shore A Atlan tic—S ce statem ents of thos
ecompan les.
Cane Belt—1st M $3,000,000 red’able after 5 yrs gold.
All
1901
5 g
1,000
J
750,000
A
Carolina Central—Bonds—See Seaboard Air Line Ry.
Carthage & Adir—1st M $1,600,000 gold gu.Un.c*&r
46
1892
4 g
J
1,000
A
1,100,000
Carthage Water & Sack Har—1st M gold guar p&l end
29
1891
5 g
1,000
J
A
300,000
Catasauqua & Fogelsville—First mortgage g.-PeP.c*
1898
4 g
1,000
J
135,000
A
Catawlssa—Pref stocks 5 % guar P A R Ry. See text
98
50
5
M
3,200,000
A
First consol mortgage $2,215,000 gold
103
1898
PeP c*
4 g
A
1,000
2,215.000
A
Catsklll Mt’n.— 1st M, ($2,000 notext, from 1905)..
16
1885
5
F
1,000
39,000
A
First Income bonds
1885
100 Ac
6
238,000
Cayuga & Susquehanna—Stock 9% rental D L A W
34
30
589,110 See text J
A
Cedar Rapids Iowa Falls & Northwestern—See Chlcag o Roc k Isfan d A
Pad fic Ry and Rock I si and Co
Central Branch—Cent Branch U P 1st M gold-.Un.c*
100
1898
4 g
J
1,000
A
2,500,000
Central Branch first mortgage guaranteed gold..Me
288
1899
4 g
F
1,000
A
3,459,000
Central of Georgia Ry 1st M $7,000,000 gold
312
1895
G.c*&r
6
1,000
F
A
7,000,000
g
Consolidated mortgage $18,500,000 gold__Me.c*&r 1,471
1895
5 g
M
1,000 17,200,000
A
Mobile Dlv 1st M (Columbus to Andalusia) gold. G c*
138
1895
5 g
1,000
J
A
1,000,000
Macon & Nor Dlv 1st M $840,000 gold
MBa.e*
102
1895
5 g
1,000
A
840,000
j
J
Ocon Dlv 1st M Brewton to Dover $6,000 p m_.S.c*
77
1901
1 000
5 g
•j A
462,000
Mid Georgia & Atl Dlv 1st M $9,000
1897
5 cur J
1,000
p m cur..G.c* Text
413,000
A
Eatont Branch 1st M not guar by Cent Ga gold..
21
1896
500
5
J
A
168,000
g
Chattanooga Dlv purch money M $2,400,000 g-.S.c*
164
1901
4 g
1,000
J
A
2,057,000
Chattanooga Rome A So 1st M $500,000 gold. U.c*
138
1897
5 g
J
1,000
A
343,000
Upper Cahaba purchase money M cold red 102 \A
N
1905
10V4
1.000
4 g
F
555.000
A
Where Payable, and by
Whom
lxxxiv.
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
J
J
Baring Bros & Co, Lond. July l 1937
Company’s Office, Lond. Irredeemable.
D
J
15
D
D
J
A
J
J
June 1 1934
Jan
1 1937
See text.
Dec 1906 3 %
*
x
-
_
_.
125,067 acres of Columbia and Kootenay grant; total, 13,473,350 acres.
In addition there will be acquired through the Columbia & Western
Ry.
about 2,500,000 acres.
Total sales in 1905-06, 1.115,743 acres, for $6,513,452.
Tax decision, Feb. 27 1905, V. 80, p. 996.
In Feb. 1906 about
500,000 acres were sold for $2,080,000, payment to be made In Instalments
to 1909.
V. 82. p. 451.
GENERAL FINANCES.— In 1902 stockholders subscribed to $19,500,000 new common stock at
par. In 1904 to $16,900,000 and In March 1906
$20,280,000 at par payable during year.
V. 74. p. 378; V. 82. p. 333, 691.
In Feb. 1907 about $5,000 000 pref. stock was sold.
V. 84, p. 338.
Stockholders on Oct. 3 1906 authorized the Issue of consolidated deben¬
ture stock at not over £3,000 per mile, to construct various
branches, ag
gregating 136 miles; also the lease of certain lines.
V. 83, p. 500, 817
966.
In Aug. 1905 double-tracking between Fort William, Out., and
Winnipeg, 427 m., was begun, to cost about $ 10,000.000. V. 81 ,p 667, 1170.
In July 1906 the last of the $15,000,000 land grant bonds was
paid oil.
leaving the lands unencumbered; on June 30 1906 the balance due on ac¬
count of land sales was $16,382,000, on which 6% interest is received. This
Interest will be used to pay extra dividends on the common
stock; 1% to be
paid during 1907.
VT. 83, p. 817.
EARNINGS.—8 mos., 11906-07. .Gross, $45,938,206; net, $15,756,182
July 1 to Feb. 28.
J1905-06.. .Gross, 40,029,118; net,
14,660,377
ANNUAL REPORT.—Fiscal year ends. June 30.
Annual meet ng is
held at Montreal on the first Wednesday In October.
The report for
1905-06 In full was in V. 83, p. 489,500.
See also editorial, p. 466.
.
1905-06.
8 .777
Miles operated end of year
Passenger earnings
Freight
Mall, express
1904-05.
8,568
.$16,041 ,616
39 ,512,,973
and miscellaneous..
6,115 .169
$1 3 ,583.052
3 1 .725,290
5 .173,540
.
.
Total earnings
Net earnings
Interest received
.$61,669,,758 $50 ,481 .882
$22,973 ,312 $1 5 .475,088
1 ,969 ,447
i ,584,664
..
FIxfn.1 charges
For steamships, Ac
Dividends on common stock
.
.
.
$24,942 ,759
$8,350, ,545
$1 7 ,059 ,752
$ 7 ,954,066
580 .000
230,000
(0)6,084,,000 (6) f> .577 ,000
i
(4)1.660, ,133 (4) ,514,133
1903-04.
8 ,332
$12 .418 ,419
29,,235, .821
4 .814 ,892
$46,,469, .132
$14 ,213 1 05
1 ,691 .269
,
$ 15,,904,,374
$7,,586 ,097
230, ,000
London A 59 Wall St,NY
Baring Bros & Co, Lond.
Can Pac Office, London
Montreal and London.
Morton, Rose, London.
Toronto and London.
London
do
do
Can Pac Office, London.
J Can Pac Office, Montreal
J Bank of Montreal, Toron.
D New York
or
St Louis
D Grand Cent Station, N Y.
do
J
do
J Philadelphia, Pa.
N Company's Office, Phila
O
do
do
A Tan Nat Bk,Catsklll.N Y
5.8281 %pald in Sept. '06
J 52 Wall Street,New York
D
A
A
N
J
J
D
J
D
D
J
A
Irredeemable.
July 26 2882
Aug 1 1934
Irredeemable.
2002
1955
July 1 2002
June 1
Dec
1921
1
1081
1931
1928
Nov 19 10C6 2H
July 1
July 1
April 1 1948
Aug
1
Aug
1
Jan
1915
1915
1007
Mercantile Trust Co,N Y June
do
do
Feb
Guaranty Trust Co, N Y Nov
do
do
Nov
1
1
1
1
do
do
Jan
1
do
do
Jan
1
Dec
1
do
do
do
do
Jan
1
June 1
Savannah, Ga.
Guaranty Trust Co, N Y June 1
Union Trust Co, N Y
July 1
4M%
1948
1919
1945
1945
1946
1946
1945
1947
1926
1951
,
1947
Guaranty Trust Co, N Y Aug '07-Aug 25
CENTRAL BRANCH RY —(See Map Missouri Pacific.)—Owns Lenora
to Atchison Kan.. 293 m.; Jamestown to Burr Oak, Kan., 33 m.; branches,
62 m.
Stock, $7,585,000.
Dividend, 14%, paid in year 1905-06.
The
$3,459,000 1st 4s of 1899 are guaranteed, prln. and int., by the Mo. Pac.
(see V. 68. p. 329).
Form of guaranty, V. 70. p. 279.
For year ending
June 30 1906, gross, $1,876,944; net, $793,739; other receipts, $7,669; In¬
terest, $238,360; taxes, $10S,511; Improvements, $11,592; balance,
surplus,
$442,945.—(V. 73. p. 31.)
CEN1RAL OF GEORGIA RY.- (See Map.)—System Includes:
Lines owned in fee.
Miles. Lines leased—(see these cos.)
Miles.
Savannah to Atlanta
295 Southwestern RR.—
Gordon to Porterdale
86
Macon to Eufaula
144
Columbus to Birm'gham, Ala.
Fort Valley to Perry
156
12
Columbus to Amerlcus.
62
Fort Valley to Columbus.
71
Montgomery to Eufaula, Ala.
Smlthvllle to Columbia
80
85
Columbus to Greenville, Ga
49
Cuthbert to Fort Gaines
21
Opelika to Roanoke
36 Augusta & Savannah RR.—
Eufaula to Ozark
60
Mlllen to Augusta
53
Grlfiin, Ga., to Chat., Tenn. Ac. 198 Chattahoochee & Gulf RR.—
Chlckamauga to Durham
18
Columbia to Lockhart
91
Savannah to Tybee
18 Trackage
1
Columbus to Andalusia
138
Macon Junction to Athens
102
Total oper. Nov. 1906
1,914
Brewton to Dover
77
Barnesville to Thomaston
161 Also
Mcldrlm to Lyons, 58 miles
Lyerly Branch
9
(leased to Geo. & Ala. Ry.—
Upper Cahaba branch
Seaboard Air Line sys.)
10
Greenville to Raymond
24 Ocean Steamship Co., estimated
..
.
.
..
...
equivalent of
300
Total owned (and oper.).... 1.410
Extension from Greenville to Raymond. Ga., under charter of Green¬
ville A Newrian Ry., 24 m., was opened Nov. 1906; the line from Colum¬
bus to Greenville, 49 m., being made standard gauge; a l0!<>-mUe branch
from near Leeds, Ala., to coal fields was opened July 1 1906.
V. 80, p
2457; V. 81. p. 210.
The Georgia Central A Gulf Ry. was incorporated
on June 30 1906 to build from Albany,
Ga...to Apalachicola, 157 miles, af¬
fording a line from Atlanta via Macon and Albany to the Gulf of Mexico.—
V. 83, [). 95.
ORGANIZATION.—Organized Oct. 17 1895 and Nov. 1 succeeded to the
properties of the Central RR. & Banking Co. of Georgia, foreclosed, per plan
in V. 60, p. 1008. ami V. 61, p. 68
Chattanooga Rome & Southern waa
Balance, surplus
$8,268 ,082
merged June 1 1901. V. 72, p.674,721.987,1134.
$ i ,78 1.553
$1,,666,,204
V. 83. p. 489, 500, 817, 890, 906. 1098; V:. 84, P- 338, 390, 693
STOCK.— $5,000,000 held by interests allied with Southern Ry.
CANE BELT RR.—Scaly to Matagorda, 93 miles.
Branch to Garwood, i
BONDS.—The first mortgage of 1895 (described In V. 63, p. 1160) is a
S miles, building.
Lincoln Trust Co. of St. Louis Is the mortgage trustee. !
Bonds are issuable at $15,000 per mile, but all bonds above the $750,000 : first Hen on the main line from Atlanta to Savannah. Including the Milledgeville branch (312 m. In all) .all equipment and appurtenances, and the
equity
now outstanding will be In subordination to the lien of
the latter on the i In $1,995,000 of the
capital stock of Ocean Steamship Co. of Savannah.
present mileage.
V. 77, p. 2338.
Stock, $100,000, all acquired In Nov. j No div. was paid on Ocean
Steamship stock in 1906.
V. S3, p. 384.
1903 by Atchison Topeka & Santa Fe, which leases the road for 50
years
Application for listing firsts and consols. In V. 63, p. 1160.
from July 1905.
V. 77, p. 2097.
Year ending June 30 1905, gross, i
The consol, mort.. (see abstract V. 61, p. 873; also V. 63,
p. 1160; V. 83. p.
$223,810; net, $47,611.—(V. 77, p. 2338.)
1347). is a first l\i n upon 600 m. (Including former Mont. & Eufala RR.. Sav.
CAROLINA & NORTHWESTERN RY.—Owns standard-gauge road
A Western and Sav. & Atl.); also on the leases of the South Western and
Chester, S. C.,to Lenoir, N. G., 110 m. Controls Caldwell Jc Northern Lenoir
Augusta A Savannah roads and the stock of New England A Savannah
to Edgemont. N.C..25 m. Rcorg. In 1897 of Chester A Lenoir, foreclosed,
j Steamship Co., and a second lien upon the main line, Its equipment, &c.
In Mch. 1900 nearly all stock was acquired
and
also on the Macon A Northern, Mobile A Girard, and other divisions.
by a syndicate.
Stock author¬
ized. $1,000 000 each of com. and 4% non cum
It also covers all leaseholds, securities, &c.
pref.; outstanding, July
It may be Increased to $18,500,1905, $854,250 com. and $550,000 pref. stock.
000. at not more than $500,000 in any one year, for betterments and equip¬
Of the 50-year 1st gold 5s
due July 1 1953 (Standard Trust Co. of New York, trustee), $1,500.000 were
ment.
used to retire all underlying bonds and $1.000 000 are applicable
Macon A Northern Division bonds are also direct obligations of the Cen¬
to exten¬
sions, new equipment, Ac.
tral Ry., with first lien,from Macon Jet. to Athens, Ga.. 102 miles.
Year 1905-06 (110 10.1, gross, $326,821; net,
$133,071; total deductions, $84,093; bal., sur., $48,978.
Middle
Georgia <k Atlantic Division bonds are issued at $9,000 per mile
Pres., Wm. A. Barber, 5 Nassau St., N. Y. — (V. 77, p. 348.)
of 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
CARTHAGE & ADIRONDACK RY.—(See Maps X. Y. Central.)—Owns
! miles, the firsts of 1897 cover the 65
from Carthage to Newton Falls, N. Y., 46 m. The entire
M.
miles
of
A
Ga.
At.
Division.—(V.
65,
stock. $500,000, Is '
owned by the N. Y. Central RR., which In May 1893 leased the
p. 823; V. 64, p. 180; V. 65. p324.)
property In t
The preference income bond*, subject to the prior mortgages,
perpetuity and guaranteed its $1,600,000 bonds, of which $500,000 were for 1
cover the
main line and the former Savannah & Western, Columbus A Rome, Mont¬
extensions. &c. — (V. 57. p. 218.)
gomery A Eufaula. Mobile & Girard, Macon & Northern and Savannah <5c
CARTHAGE WATERTOWN & SACKETT’S HARBOR RR.—
(See Maps
Atlantic and other railroads, and their equipment &c.; also all leaseholds,
N. Y. Central.)—Owns from Carthage to Sackctt’s Harbor, N.
Y.. 29 miles.
securities and equities of properties acquired by the new
company. They are
Controlled by N. Y. Central, which owns $484,100 of the stock and
guaran¬
non-cumulatlve and bear interest not exceeding 5 % In any one fiscal year,
tees the bends. Leased to R. W. & O. for 37 Vi %
of gross earnings. Rental In
but payable only out of net earnings as declared and secured by the deed of
cal. year 1905, $44,615.
Cap. stock, $465,845 common and $21,500 pref.
trust.
In Oct. 1905 It was arranged to attach
coupons to Income bonds.
V. 81. p 974, 1174
CATASAUQUA & FOGELSVILLE RR.—Road from Catasauqua, Pa .to
Rittenhouse Gap, Pa., 29.5 m. Opened in 1857: in 1890 the Phila. & Read,
DIVIDENDS.—
'96. '97. ’98. *99. ’00. ’01/ ’02. ’03. ’04. *05. '06
acquired control through ownership of a majority of the capital stock of
On 1st pref. Incomes
1^ 2.H
2
3 H
5
5
5
5
3
5
$426,900 (par, $25). Of the stock $254,125 is owned by Reading Co., $251
On 2d pref. incomes
00
0
0
0
0
0
0
2
5
5
,625 being deposited as part security for Read.
On 3d pref. incomes
0
0
0
0
gen. mort. of 1897.
Divs.
0
0
0
5
0
0
5
paid In 1903-04. 7%; In 1904-05, 8%: In 1905-06, 8%.
Opper Cahaba Branch bonds are secured by coal lands In Northern Ala¬
For year ending
June 30 1906, gross, $136,814; net, $76,929;
bama
V. 81, p. 920. 1099.
deductions, $32,839; dividends,
Collateral trust mortgage abstract was In V. 45, p. 242.
$34,152; bal., sur., $9,938.— (V. SI, p. 1492.)
The Chattanooga Division mortgage Is a first lien on the former Chatta¬
CATAWiSSA RR.—Owns from Tamanend, Pa. to
Newberry Jet., Pa.,
nooga Rome <5c Southern RR., Carrollton, Ga., to Chattanooga. Tenn., 138
98 m., and branches, 6 m. Re-leased Dec. 1 1896 for 999
years to Plilla. A
miles, and Durham to Chlckamauga, Ga.. 17 miles, with branches. In all 164
Read. Railway. Rental. Int. on bonds, 5 % dividends on
pref stock, all taxes
miles, subject to $343,000 old 5s. for which a like amount of bonds Is re¬
and $8,000 for organization expenses. See also V.
63, p. 969, 1116.
Of the
served.
V. 72 p. 1134; V. 78. p. 1446.
pref. stocks, in 1905 $2,200,000 was first preferred and $1,000,000 second
preferred and common was $1,159,500; par $50.—(V. 72, p. 1187.)
LATEST EARNS—8 mos.,11906-07..Gross, $8,269,629; net,$1,938.574
July 1 to Feb. 28.
CATSKILL MOUNTAIN RY.—Owns narrow
J1905-06..Gross, 7,762,874; net. 2,242.622
gauge road from Catsklll,
ANNUAL REPORT.—Report for 1905-06 at length In V. 83, p. 377
up the Catsklll Mountain, to Palenvllle, N. Y., 16 m.; leases Cairo RR.,
Cairo Jet. to Cairo. N. Y., 4 m.; total, 20 miles. Stock, $89,000. There are
383,432.
Years ending June 30—
also second incomes for $15,600, 6 %. First Incomes have one vote for
1906.
1905.
1904.
each
Gross earnings
$100.
I) 1 v. on 1st Incomes, 5.8281%, paid Sept. 1906, the first since 1897.
$11,396,123 $10,135,055
$9,396,931
Total
V. 83. p. 817.
EARNINGS.—Year ending June 30 1906, gross, $75,303;
operating expenses
7,882,218
7,091,527
6,864,509
Taxes
net. $29,257; interest, &c., $16,205.—(V. 83, p. 817.)
352,995,.
326,439
322,877
CAYUGA & SUSQUEHANNA RR.—Owns from
Susquehanna River to *
Net earnings from operation
$3,160,910
$2,717,088
$2,209,545
Ithaca, N. Y., 34 m. Leased during length of charter and renewals thereof
Other sources
248.364
220,661
274,621
to the Delaware Lack. A Western at a rental of $54,600 a vear.
Divs paid
are 9 % yearly, with an occasional extra
amount; In 1904 9H % was paid.
Total net income
$3,435,531
$2,965,453
$2,430,206
on
preferred stock
(6)5,,070 ,000
(4)1 ,352, ,073
,
Dividends
.
—
.
~
.
,,
jRenzl“^fVc
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i
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Yu'ice l
RAILWAY
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28
RAILWAY STOCKS AND BONDS.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles
,
For explanation of column headings, &c., see notes
on first page of tables.
Date
of
Size,
24
..
Guaranteed, Ac., securities.
Ocean SS Co first mortgage gold guaranteed.-Ce.c*
Steamship bonds g ass’d by O SS Co $69,000 due s-a
Ocean SS Co equipment trusts
Augusta A Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt)....
Chattahoochee A Gulf stock
First M gold $2,000,000 lnt rental s f red at 102 V
Cent Indiana — 1st M $4,000,000 guar pAl end.Ce.c* Ar
Central Massachusetts—See Boston A Maine RR.
Central New Eng—1st M $1,250,000 call 105..FP.C*
General M 5% incomes $7,250,000
FP.r
Central Ohio—See Baltimore A Ohio.
M
Amount
Rate
When
Value.
Outstanding
%
Payable.
1905
1895
1895
1895
1887
^
m
—
-
$1,000
1,000
1,000
1,000
1,000
’00-1-5
’02-3-5
1906
1906
_
1,000
Central Pacific—
1st ref M $100,000,000 gold guar p A
3 Vs $25,000,000 gold guar p A 1 end
1 end..Ce.c* Ar
Us.c* Ar
Mortgage
on Lucin cut-off text
G.c*Ar
Notes for U S debt due $2,940,635 half-yearly
Central RR of N J—Stock ($30,000,000 authorized)
Convertible debentures convert into stock till 1907
Cent RR of N J gen M for $50,000,000 gold.Ce.cAr
do
do
registered
01
117
1900
1903
1,000
1,000
58
58
1899
1899
1,000
1,000
1.250,000
7,250,000
5 g
5 g
1,349
1,349
1899
Ac a82,208.000
Ac
17,230,000
Ac
8,300,000
4 g
100
100
100
500
500
1899
1904
103
1,000
1899
1883
1887
All
All
Equipment mortgage Series A A B $420,000 due yrly
do
do
Series C $350,000 due yearly
do
do
Ser IJ $150,000 y’rly (V81,p 1847)
Guaranteed Bonds—
Leh A Wllkcsb Coal con M guar p A I ext In 1900
5s of 1912 s f not guar (not drawn)
FP.c
a Of the balance, $14,703,000 Is retained as coll, for
notes
Balance for year.
1906.
$1,672,580
512,280
(5)200,000
(5)850,000
(5)200,000
sur$500,671
1,000
1887
’99 -’02
1903
1905
1875
1888
by U.
1905.
500
500
12,175,000
$1,533
Penn. RR. Interests.
Bonds guaranteed by Cleve. Cln. Chic. & St. L., are
limited to $20,000 per mile; outstanding, $1,500,000.
(V. 77, p. 517, 2279;
V. 78, p. 1906. 1961.)
Stock authorized. $120,000.
Calendar year 1906,
gross, $161,788; def. under oper. exp., $83,970.
In 1905, gross, $167,518,
Pres., Joseph Robinson.—(V. 77, p. 2279; V. 78, p. 1906, 1961.)
CENTRAL NEW ENGLAND RY.—Owns from Campbell Hall, crossing
the Hudson River at Poughkeepsie by Its own bridge, to Sllvernalls, 58 m.,
and leases and controls Hartford A Conn. Western RR., Hartford to Rhlnecllil, 109 m.; extension from TarlfTvIlle. Conn., to Springfield, Mass., 18 m.,
operated from Sept. 1902; also leases Dutchess Co. RR., Poughkeepsie to
Hopewell Jet., 12 m., and operates Newburg Dutchess A Conn. RR.,
Dutchess Jet., N. Y., to Mlllerton, N. Y., 59 m.; total, 256 m.
V. 72,
p.
1279; V. 73, p. 337; V. 76, p. 435.
ORGANIZATION.—Incorporated In January 1899,
plan In V. 66;
tary) requested deposits of general mortgage bonds and stock not owned
by New Haven road, the same to be returned If not sold by Aug. 14 190S.
V. 84. p. 449, 693.
Owns $1,390,000 Hartford & Conn. Western stock.
STOCK.—The stock Is to be held In voting trust for ten years, or until 4 %
Interest Is paid on general mort. for two years.
Voting trustees, J. P. Mor¬
gan, Wm. Rockefeller, Charles F. Choate, Charles F. Brooker and Charles
Lanier.
Common, $3,450,000; pref., 4%, $3,150,000; par, $100.
BONDS.—Of the first 5s, $600,000 were reserved for Improvements.
EARNINGS. —12 m os. ending June 30 (256 miles, against 199 In 1904-05):
12 Mas.—
Gross.
Net.
Oth. Inc.
Chocs.
Balance.
1905-06
..$1,670,284
$161,744
$62,477
$216,698
sur$7,522
1904-05
973.422
19,787
88,525
194,804
def86,491
OFFICERS.—C. S. Mellen of New Haven, Pres.; A. S. May, Treas., and
J. G. Parker, Sec. —(V. 81, p. 506, 840; V. 84, p. 449, 693.)
CENTRAL PACIFIC RY.—(.See Map of Southern Pacific.)
Miles.
San Francisco. Cal., to near
ITmbrla to Cecil
Ogden, Utah.
871 Branches to San Jose, Ac
Lathrop, Cal., to Goshen. Cal_. 146
Trackage—
Roseville
Junction,
Cal.,
to
Into Ogden, Ac
Oregon State Line
296
Total
Lines owned—
ORGANIZATION.—Incorporated In Utah In July 1899
11
1,458
as successor of
cipal and interest of the new bond Issues.
STOCK.—(1) Common stock, $67,275,500. all held by So. Pac. Co.
(2) Preferred stock, 4% cumulative, authorized Issue $20,000,000, to be
delivered to So. Pac. Co. In consideration of Issue of
equal amount of So.
Pac. Co. 4 % collat. trust gold bonds; of which delivered on completion of
readjustment, $12,600,000; reserved to be delivered only to provide addi¬
tional funds. If required, for the payment of 3 % notes to the United States,
and thereafter only for betterments and additions, $3,000,000; reserved
to be delivered for Improvements and additions at not
over $200,000
yearly, $5,000,000; outstanding, $13,200,000.
BONDS.—First refunding M. gold 4s, $100,000,000, secured by all the
railroads, terminals and equipment now owned, Including about 1,349
miles of first track, Ac.
Of the authorized Issue, $14,703,000 Is held by
the United States as collateral for 3 % notes.
See Abstract, V. 69, p. 808,
and V. 70. p. 739; V. 78, p. 228.
Thirty-year gold 3HL $25,000,000. secured by a second lien upon all the
properties covered by the 1st ref. mortgage, and also by deposit with the
Trustees, as acquired, of all securities and moneys held in any sinking fund
of the Central Pacific Ry., consisting July 1 1906 of $8,755,720 in securi¬
ties and $360 cash, and by a trust deed upon all the lands covered by the
mortgage dated Oct. 1 1870.
See Mortgage Abstract, V. 69, p. 858; also
see p. 851.
From the proceeds of these sinking funds and land sales can¬
cellation of bonds will be made from time to time; In Feb.1900 $2,505,000
3ks were canceled and to July 1906 $3,273,500 additional had been can¬
celed. reducing those outstanding to $17,230,000. V.70. p. 739, 1194.
Twenty three-per-cent notes, aggregating $58,812,714. Issued to the Gov¬
ernment in settlement of subsidy debt; $44,109,535 paid, leaving $14,703,179 to mature. $2,940,635 half-yearly hereafter to Feb. 1909.
First re¬
funding 4s are deposited to retire them.
In Oct. 1904 $8,300,000 fifty-year 4 % guar, bonds on the Lucin cut-off,
Ogden to Lucin, Utah, 102 m., forming part of $10,000,000 authorized,
was sold.
They are redeemable at 107 V on Oct. 1 1909 or any Interest
day thereafter.
V. 79, p. 1641.
Form of guaranty, V. 80, p. 162.
LAND GRANT.—Total land grant was about 12,000,000 acres, of which
acres remained unsold on June 30 1906.
Sales In 1905-06,
cancellations, 4,007 acres.
Land contracts July 1 1906—
principal. $274,265; average price per acre, $1 55.
REPORT —In 1905-06. gross. $26,827,020; net, $10,701,682; other Inn e.
$716,200; hit., taxes, sinking funds, Ac., $6,378,540; bal., sur.
39.342.—iY. 80, p. 162. 471. 649, 871; V. 81, p. 1174.)
J Guaranty Trust
J Blair A Co. N Y
Co, N Y July 1 1920
To July 1911
F
1,760,000
5
g
5
g
4
4
4 g
1,200,000
J
J
J
J
N
Savannah, Ga
Savannah and Macon
Savannah, Ga.
Citizens’ Bk, Savan’h, Ga
Central Trust Co, N Y
May
1
1953
1
1
1919
1949
Aug
Aug
1
1
1949
1929
Oct
1
A
A Fid I T A S D Co, Phlla Feb
Oct 1
Feb
Yearly If earned
F
A
A
A
A
A 120 Broadway,
D
do
O New York
N Y
do
Office 143 Liberty St. NY
M
A
N Liberty Nat Bank, N Y
A
J
J
do
do
do
do
Q—J
Various
do
do
Various
do
do
M
A
S
Q—F
-
4V
1907-1916
Jan 1907 2y %
Jan 1907 2 Vj %
Jan 1 1907 2 V
July 1 1930 ’
do
do
Q—M
5
M
b Includ es
A
N
$1,167 ,000 in
1954
Aug ’07-Feb *09
Mac 1
1907 2 %
May 1 1908
July 1 1987
July 1 1987
1907 to 1912
To April 1913
To March 1915
do
do
June 1
Nov 1
treasury July 19 06.
1910
1912
Lines owned in fee—
Jersey City to Phlllipsburg
Sundry branches
Miles.
Miles•
721 Nesquehonlng Valley*
17
84 Lehigh A Susquehanna, Phillipsburg to Union Jet., Ac
171
Entire stock owned—
New York A Long Branch RR.,
Wilkesbarre A Scranton*
5
Perth Amboy to Bay Head
38 Other lines
8
New Jersey Southern RR., Long
Trackage—
Branch to Atslon. Ac
76 Union Coal RR
10
Other lines (no debt)
147 Allentown Term. (oper. jointly)
3
I.eased (mostly for 999 years) —
Other trackage
6
Ogden Mine RR*
10
•See this company.
Total operated July 1906
648
There are 263 miles of second and 30 miles of four tracks. In July 1905
New Jersey Terminal Ry., 7 miles, was acquired.
V. 81, p. 506.
HISTORY.—Chartered In 1849.
From May 1883 to Jan. 1 1887 leased
__
to
Philadelphia A Reading.
Receivers were In possession from Jan. 1 1887
January 1888.
Reorganized In 1887 without foreclosure—see plan V.
44, p. 714, 716.
Concerning coal properties, see Lehigh A Wilkesbarre In
“Supp.” of Jan. 1903 (p. 159), and Lehigh Coal A Nav. In "Miscellaneous.*
In Jan. 1901 Reading Co
V. 72, p. 86,
acquired $14,500,000 of the stock.
136, 241, 391, 721.
On June 30 1906 owned $1,600,000 Lehigh Valley
till
RR. stock.
V. 81, p. 971.
DIV.—1*91. ’92 to ’94. *95.
P. c.j6H
7 yearly. 5H
96. *97. *98. *99. *00. *01. 1902 to
5
4V
May’07.
4
5
8 yearly (Q.-F.)
4
5
BONDS.—For general mort. abstract see V. 45, p. 402.
The L. A W. coal mortgage Is for $15,000,000; the bonds,
formerly 7s, oi
which $12,175,000 have been Issued, were In 1900 extended at 4% ana
guaranteed principal and Interest.
See guaranty, V. 71, p. 26.
Jointly and severally with the Lehigh Coal A Nav. Co. guarantees $1,062,000 Lehigh A Hud. Rlv. Ry. Gen. 5s, prln. and lnt.
See V. 67, p. 788.
EARNINGS.—For 8 months ending Feb. 28:
8 months—
Gross.
Net.
Charges.
Bal
sur.
1906-07
$17,373,634
$8,187,628
$4,907,615.
$3,280,013
1905-06
16,713,276
8,186,264
4,943,895
3,242,369
Charges in 1906-07 Include $783,370 for additions and Improvements,
against $1,235,736 the previous year.
ANNUAL REPORT.—The report for 1905-06 was In V. 83, p. 689.
Earnings from—
1906.
1905.
1904.
Merchandise
$8,671,217
$7,471,038
$6,960,7 22
Coal
7,462,065
7,885,388
7,741,409
Passengers
3,920,552
3,441,202
3,280,877
Express and mall
372,603
353,451
336,287
Miscellaneous
96,594
108,037
102,657
,
.
Miles.
103
31
the railroad under the plan of readjustment In V. 68 p. 378, by which the
Southern Pacific acquired the entire capital stock and guaranteed the
prin¬
acres;
A
A
A
A
A
Sep ’07-Sep *25
CENTRAL RR. OF NEW JERSEY.— (See Map Reading System.) —
Operates from Jersey City, opposite New Y'ork City, westerly to Wllkeabarre and Scranton, Pa., and the neighboring anthracite coal
fields; also
southerly to the seashore resorts of New Jersey, Ac.:
n
Haven A Hartford RR. acquired $2,963,300 common and $2,696,100 pre¬
ferred stock and $5,904,000 of the $7,250,000 Income bonds; V. 78, p. 701,
768.
In Feb. 1907 a committee (with Empire Trust Co., N. Y., as deposi¬
11.997
J
J
J
J
M
pal, When Dus.
Stocks—Last
Dividend.
.
per
574, and V. Oct.
f>. foreclosure
67. p.6 789,
of Phil.
Read.1904
& New
Eng. York
RR., New
sold
1898;asV.successor
68, p. 84.
the New
In Feb.
about 7.714.060
6
1
1,000
A
A
3H g J
1.000
2,691,000
S. Gove rnment.
OFFICERS.—Pres., J. F. Hansom, Macon, Ga.—(V. 83, p. 1347.)
CENTRA I. INDIANA R Y.—Muncle to Brazil, Ind., 127 m.. of which 10
m. trackage.
V. 76. p. 653. Controlled by Cleve. Cincln. Chic. & St. L. and
5 g
4 g
4 g
f
2, mo ,000
$1,666,299
425,441
(5)200,000
(2)140,000
sur$104,517 def
o
34,000
1,000
1,000
1,000
1904.
$1,672,044
438,892
(5)200,000
(5)350,000
(5)200,000
5
5
Ac) b45,091,000 f
Ac
J
J
New York
•
Guar Tr Co. N Y or Sav Nov 1 1945
do
do
Nov 1 1945
do
do
Nov 1 1945
Guaranty Trust Co, N Y May 1 1937
do
do
To Sep 1910
Blair A Co, N Y
To Jan 1912
do
do
To Feb 1916
Kountze Bros, N Y
To July 1916
.)
14,703.179
3
27,436,800 8 In 1906
100
..
Years ending June .'50—
Interest on funded debt
Rentals and miscellaneous
Dividend on 1st Incomes
Dividend on 2d Incomes
Dividend on 3d Incomes
0 ff
5 e
1,000,000
579,000
350,000
1,022,900
5,191,100
436,400
368,000
1,500,000
...
53
333
Where Payable, and by
Whom.
4 g
$555,000
MAS
Oct 1
4,000,000 5 In 1906
7.000,000 5 In 1906
Oct 1
Oct 1
4,000,000 5 In 1906
5
M
A
N
4,880,000
g
187,526 zy2 6c 6 Mo A qu
4 Vt
1,167,000
Various
A
A
918,000
4V g F
4 ’Vi g J
A
J
2,185,000
1,000
1,000
1,000
1890
’03-’04
...
Bonds—Princi¬
or
Par
of
Road. Bonds.
Central of Georgia Ry.
(Concluded)
Greenville A Newnan first mortgage gold red 102 V N
1st pref Incomes) Interest up to 5%
Mp
2d
do
do
i
gold If earned
Ce
3d
do
do
j
non-cumulatlve
Ma
Central RR A Bk coll tr bonds gold red at 110-Ce.c*
Equipment trust notes Aug 31 1906
Locomotive A car trusts payable $131,000 s-an.-c.
Equip trust ser H $51,000 s-a (V 82 p 217)
Equip trust series 1 $115,000 s.-a (V 83, p 751) ..OP
[VOL. LXXX1V.
-
__
Total gross
Net earnings
Other Income
earnings rail lines.
Total net Income
Interest on debt
Rentals paid
Taxes
Renewal funds, Ac
Dividends
_
$20,523,031 $19,259,117 $18,421 ,952
$9 ,2S2 ,626
$9,865,855
$8,576,373
1,606,565
1,566,345
1,497,265
_
$11,472,420 $10,848,971
$2,869,626
..
.
..
..
—
_
_
Balance, surplus
(V. 79, p. 1641, 2642;
.
..
2,386,380
556,710
3,373.799
(8)2,194,424
$10,073,638
$2,866,490
2,406,994
473.951
2,697,702
1,665,146
(8)2,193,704 (8)2,193,464
$2,830,200
2,528,305
458,041
$91,481
$141,016
$467,594
V. 81, p.,506, 971, 1241, 1847; V. 83. p. 685.)
CENTRAL RR. OF PE N NS YL V A NI A.—Owns Bellefonte (Penn. RR.)
Hall, Pa.(Penn. DIv. of N.Y.C. A H. R. RR.), 27 miles; branch, 5 m.
Current liabilities June 30 1906. $752,734. For year 1905-06, gross, $101,250; net, $36,293; digs., $47,737; def., $11,444. Stk., $1,200,000; par, $50.
to Mill
CENTRAL RR. OF SOUTH C AROLIN A.—Owns from Lane. S. C., to
Sumter, S. C., 40.2 miles, spurs. Ac., 1.61 m.; total, 41.81 m.
Leased to
Atlantic Coast Line RR.; rental, $31,000
Stock,
yearly and taxes.
$170,000, par $50.
In 1905-06 rental $31,000; gen. exp., $285; lnt., $18,000; divs. (8%), $13,600; bal.. def., $885.—(V. 64, p. 887.)
CENTRAL RY OF SOUTH CAROLINA—V. 82, p. 927.
CENTRAL VERMONT RY.—Operates from Rouse’s Point, at north end
of Lake Champlain, to New London, Conn., with branches 536 miles In all,
of which 196 miles leased, viz.:
New London A Northern (see that co.),
157 miles; Montvllle Branch, 3; West River RR., 36 m.
ORGANIZATION.—Succeeded May 1 1899, per amended plan In V. 67,
735, the Central Vermont Railroad, foreclosed.
V. 68, p. 1076.
SECURITIES, Ac.—The Grand Trunk Ry. holds $2,185,100 of the $3,000,000 stock, and under a traffic contract will make good any deficiency
In earnings to meet Interest on the new firsts up to 30 % of Grand Trunk
gross receipts from traffic interchanged.
REPORT.—For year ending June 30 1905, In V. 81. p. 1488:
p.
Year—
1905-06
1904-05
Gross.
Net.
Oth. income.'
Charges.
Bal., stir.
$3,836,976
$686,628
$13,840
$695,952
$4,516
3.557,776
666.279
10,840
673.449
3,670
Officers.—Pres.. Charles M. Hays; Clerk and Treas., W. H. Chaffee, St
Albans, Vt.—(V. 81. p. 1488: V. 83. p. 751, 969, 1227; V. 84, p. 930.)
CHARLESTON TERMINAL CO.—ROAD.—Owns
terminal
road in
Charleston. S. C., 3 miles; double track laid with 60-lb. steel.
Company also owns 14 v/harves. 30 warehouses, about 30 acres of land,
4 cotton compresses, Ac., on the city’s water front, these
being connected
by its own road with the other railroads entering the city.
A reorganization
of the East Shore Terminal Co.’s RR., foreclosed July 14 1903; V. 77,
p. 146 ,
298.
Stock, $200,000, owned jointly by Atlantic Coast Line RR. and
Southern Ry., which agree to make good any deficiency In interest on bonds.
9
)
BONDS.
1S9A0T7.RONACILWKDY
•
K
r
30
RAILWAY STOCKS AND BONDS.
It
RAILROADS.
For explanation of column headings, Ac.
on first page of tables.
see
Miles
Date
of
of
notes
Road. Bonds.
Central RR of N J
(Concluded)
Am Dock & Imp Co 1st M
guar redeemable at 110-c*
N Y & Long Branch gen M gold ($192,000 5s)
Lehigh <fc Hud Rlv gen M gold guar Jointly ..Ce.c*
Central RR of Pennsylvania—1st M $1,200,000
FP
Central RR of South Carolina—First
mortgage gold c
Cent Ry of S Car—1st M $150,000 g gu red
CP
Central & Southeastern—First M $2,250,000
gold
38
•
•
•
40
7
Central
1881
1891
1890
1893
1881
1906
1906
Vermont—Stock $3,000.000
First M $12,000,000 gold traffic guaranteed-AB.c&r
All
1899
Car trusts $15,000 or $16,000 due
quarterly..
1905
Car trusts $20,000 due yearly (V. 83, p. 751)..
1906
Montreal & Province Line Ry 1st M guar p
40.6
1900
& I.. ..c
Charleston & Savannah—See Atlantic Coast Line RR.
Charleston Terminal—1st M $1,000,000 gOld__S.c*&r
1903
Charleston Un Sta.— 1st M $400,000 g gu(text)
Eqc*&r
1907
Chari &. West Car—1st M gold ($8,000
340
p m) ._Ce.c*&r
1896
Income M gold non-cum ($7,000 per mile)
Q.c*
1896
Augusta Terminal Ry 1st M gold guar p A 1 end_.Ce
1897
Charlotte Monroe & Columbia—1st M $70,000 gold..
22
1902
Charlotte Columbia & Augusta—See Southern
Ry.
Chartiers—Stock
First mortgage $625,000 gold
c*
23
1901
Chat A Lake Placid—Sar A L Placid 1st M
gold Ce.c*
10
1893
Chattahoochee Valley—1st mortgage
10
1896
Con mortgage $110,000
AB
16H 1900
Chattanooga Stat—1st M $1,000.000g gu (text)Tac &r
1907
Chesapeake Beach—First mortgage $1,000,000 g-N.c*
34
1898
Chesapeake A Ohio—Stock (transfer agt J P M A Co)
Mortgage 6s gold Series A
Ce.c* 1
428
1878
do
do
Series B
Ce.c*
75 1881
First mortgage of 1911 Peninsular Extension gold.c* J\
75
1881
Terminal 1st M 1922 covering 8 miles to Phoebus g.c*
8
1882
First consol mortgage for $30,000,000 gold_Ce.c*&r
697
1889
Richmond & All DIv 1st cons M gold (see text) -Ce.c*
241
1890
Second cons M Rich via Lynchb to Clifton F..Ce
241
1890
Craig Valley Branch first mortgage gold.. ..Ce.c*
26
1890
c Guaranteed
jointly with Lehigh Coal & Navlga tlon C o
_
are
reserved for future purposes.
1,000
1,000
500
f
'
100
Rate
Outstanding
%
$4,987,000
1,891,000
1,062,000
600,000
300,000
150,000
c
&c
500
<5ec
100
1,000 <5cc
1,000
3,000,000
Ac
1,000 &c
1,000 Ac
1,000
1,000
1,000
1,000
800,000
250,000
2,720,000
2,380,000
600,000
70,000
100
50
When
Bonds—Princi¬
Where Payable, and by
Whom.
Payable.
100
1,000
1,000
1,000
500
&c
1,000
1,000
1,000
1,000
Pres., Wm. E.
CHARLESTON & WESTERN CAROLINA RY.—Port
Royal, S. C., via
Augusta, Ga., to Spartanburg, S. C.. 245 m.; branches to Anderson and
Greenville, S. C., 96 m.; leased, 2 m.; total. 341 m. A consolidation Oct. 3
1896 after foreclosure sale. Entire stock and
portion of Income bonds were
acquired by Atlantic Coast Line In Dec. 1897.
V. 66, p. 38, 335.
DIv. on
Incomes, 2% for 1903-04; 3% for 1904-05.
STOCK—$1,200,000; par, $100. See Augusta Term. Ry. V. 66, p. 383.
EARNINGS—For year ending June 30 1906, gross,
$1,513,159; net,
$282,656; other Income. $21,291; Int. on bonds, $172,000; surplus, $131,947.
Pres.,J. B. Cleveland: Sec., It. D. Cronly, Petersburg, Va.—(V.
73, p.1207.)
CHARLOTTE MONROE & COLUMBIA RR.—McBee, S.
C:. on Seaboard
Air Line, to Jefferson, 22 m. Stock, $48,000. The
Richmond Trust & Safe
Deposit Co Is mortgage trustee. V. 75, p. 1030. For year ending June 30
1906, gross,$28,608; net, $16,071. Pres.. Ernest W
Illlams.—(V. 75, p.1030.)
CHARTIERS RY.—Owns from Carnegie, Pa., to
Washington, Pa., 23 m.
Leased till 1971 to the Pittsburgh Cincinnati & St. Louis
(now Pittsburgh
Cincinnati Chicago A St. Louis); the rental Is net
earnings.
Capital stock, $645,300 (par $50), Pennsylvania Co. owned $333,850.
In Feb. 1907 the Pitts. Cln. Chic. A St. L. offered
to exchange 3 shares of
common stock ($300) for one share ($50) of Chartiers
stock.
V. 84, p. 390.
DIVS.—/ '93. '94. ’95. '96. ’97. ’98. ’99-02. ’03. ’04. ’05. ’06. " 1907.
Since’91 %1 10
10
8
9
10
10
7 y’rly.
8
8
10
10
April, 5
EARNINGS.—For year ending Dec. 31 1906, gross, $754,777; net,
$262,092; other Income, $14,710; Int. and other charges, $28,800; dividends,
504,480; bal., sur., $183,521.—(V. 73, p. 615; V. 80, p. 1234; V. 84,
p. 390.)
CHATEAUGAY A LAKE PLACID RY.—(See Map Del. A
lludton.) —
Operates from Plattsburg, N. Y., to Lake Placid, 80 miles, of which Plattsburg to Dannemora, 16 miles. Is leased from State of New York for $1 and
free transportation of freight to the State’s Prison
at Dannemora, and bal¬
ance owned.
Standard-gauged In 1903-04. V. 78, p. 985.
A consolidation
In July 1903 of Saranac & Lake Placid RR.,
&c.; V. 77, p. 249.
Stock, $3,450,000, of which $3,000,000 Is 4 % pref., the latter all owned
by D. A ll.
V’. 84, p. 50.
Leased to the Delaware & Hudson until Dec.
31 2403, any balance over expenses of
operation, Interest, taxes, mainte¬
nance, damages, dividend on pref. stock, &c.. to
go to the lessor.
The lease
Is subject to revision at 5-year Intervals after Jan. 1
1908
on request of
either party. V.81, p.013. There are also $24,000 Saranac &
Lake Placid
2d 5s due Nov. 1 1913. — (V. 81. p. 613; V. 84.
p. 50, 930.)
CHATTAHOOCHEE & GULF RR.—Columbia, Ala., to Fioralla. 92 m.
LEASE.—Leased In 1900 In perpetuity to Cent, of
Georgia Ry. for 6 % on
$436,400 stock and $368,000 bonds, of which 1 % to be used as a
sinking
fund for retirement of bonds, upon
completion of which rental will be 5 % on
stock, payable J.-J.
See Cent, of Ga. Ry.— (V. 77, p. 2279; V. 81,
p.1722.)
CHATTAHOOCHEE VALLEY RR.—West Point, Ga., to
Jester, Ala.,
16 ^ m. Stock authorized, $1,000,000;
outstanding, $110,000; par of shares,
$100.
Bonds, see tabic above.
For year ending June 30 1906,
gross,
$35,272; net, $14,080; other Income, $336; Interest on
bonds, $3,000.
CHATTANOOGA SOUTHERN RR.—Sale to Louisville & Nashville was
V. 83, p. 817; V. 84, p. 748.
pending In 1907.
CHATTANOOGA STATION CO.—Owns union passenger'station and
proaches at Chattanooga. Tenn.. used by the Southern Ry., Cent, of ap¬
Ga.,
Alabama Gt. Southern and Cln. N. O. A Tex.
Pac., which each own onefourth of the stock and guarantee the bonds
jointly
and severally, principal
and Interest, by endorsement.—(V. 84,
p. 50.
CHESAPEAKE BEACH RY.—Washington, D. C., to
Chesapeake
Md., 34 m. In July 1905 David H. Moffat obtained Judgment on a Beach,
promis¬
sory note for $1,222,800. Foreclosure suit begun; Interest
alleged In default
Blnce 1901.
V. 81, p. 263, 974.
Stock, $1,000,000; par, $100.
Pres.,
W. F. Jones, Denver, Col.; Sec., Paul Y.
Waters.
Office, 1416 New York
Ave., Wash., D. C.—(V. 81, p. 263, 974.)
CHESAPEAKE & OHIO RY.—(See Map.)—Operates from
Newport
News, Va., and Washington, D. C.. to Cincinnati, O., with branches.
Lines owned In fee—
Allies. I
Miles.
Old Point Comfort and Newport
[Bridge—Covington, Ky., to ClnNews, via Charlottesville
to
clnnatl, Ohio
2
Ashland, Ky
5121 Garrison to Carter, Ky
20
Richmond via Lynchburg to Clif¬
IA nes leased—
ton Forge, Va
230 Suudry branches leased
25
Branches In Va. and W. Va
427 Trackage to Louisville
84
Lines controlled by stock. Ac.—
Trackage to Washington, D. C.
85
Big Sandy River to Covington 150 Other trackage
31
Denton. Ky
to Lexington
103
Big Sandy Tct. to Elkhorn City,
with branch...
.128
Total system June 30*1906
1,827
Branches In Kentucky
50 Second track (237 owned)
334
Also owns one-sixth Interest In the
Richmond-Washington Co.
HISTORY, &c.—In 1888 reorganized without foreclosure, and the road
extended to Cincinnati. The consolidation with the
Rlchmond&Allegheny
was consummated In Jan. 1890; with
Elizabethtown Lexington & Big Sandy,
&c.,*In 1892, and with Greenbrier and other roads In 1903.
CAPITAL STOCK.—Common stock authorized,
‘’unlimited”; outstand
lug. $62,790,700; Increased from $40,000,000 to this figure since 1892
through exchange of practically all the $25,000,000 of preferred stocks for
common «ooek and general
mortgage 4
per cents In certain proportions,
and acquisition of stocks of other
companies. V. 77 p. 450, 768,
Pref.
stock, for $8,400 only, was outstanding Sent. 30 1906.
V. 54, p. 642.
Stock may be reduced by majority vote.
V. 70, p. 175.
5 g
g
*
g
J
&
M
A
J
&
M
&
J
&
J
A
J
&
00 held
50,000
60,000
850,000
1,000,000
62,799,100
2,000,000
13,354
2,000,000
142,000
25,858,000
6,000,000
1,000,000
650,000
j;Liberty Nat Bank.
S
J
N
J
J
J
b
do
N
Y
do
pal,
When Due.
Stocks—Last
Dividend.
4 g
Q—F
D—M
1
4 g
4
4
5
5
6
5
1
1
1
1
1
1
1
Sept
National Exch Bk. N Y July
4H
4 4
$2,185.1
July
Fid I Tr & S D Co. Phlla May
Cuyler, Morgan & Co. N Y July
Colonial Trust Co, Pitts
Lincoln Trust Co. N Y
y Grand Trunk RyofCan
1 Blair 4Co,NY & Boston
g
5 g
,
Q—F
Jan
Jan
1921
1941
1920
1943
1921
1926
1956
ada.
May 1
1920
June’07-Mar *15
Aug 1907-’ 16
,A
&
O Amer L & Tr Co. Boston Oct
1
1950
g
J
&
J
1953
1
A
A
A
1
g
g
J Standard Trust Co, N Y July
J i New York
Jan
O Central Trust Co. N Y
Oct
Guar Tr, N Y, If earned Oct
OCentral Trust Co, N Y
April
O Rich T & S D Co. Rlch.V Oct
1937
1946
1946
Oct
g
•A
g
A
645,300 10 In ’06 A
625,000
3^ g A
120,000 5 (6) g M
1,000
1,000
1,000
1,000 &c
1,000
5
4 A
5
6
6
6
See text.
10,654,500
496,000
200,000
200,000
.
Amount
1,000
CH ARLESTON UNION ST AT I ON CO.—Owns
passenger station at Charles¬
S O., used by Atlantic Coast Line and Southern
Ry., which each own
one-half the stock and guarantee the bonds,
p. & I., by end.
V. 84, p. 50.
I!
'
$1,000
Huger; Treas., R. D. Lankford; Sec., Henry Fraser.
EARNINGS.—Gross, year ending June 30 1905, $181,493; net, $84,689;
total deductions, $41,273; bal., sur.,
$43,416.—(V. 77 p. 146.)
ton
INTEREST OR DIVIDENDS.
or
Par
Value.
)
..
Of the bonds, $200,000
Size,
I VOL. LXXXIV.
6
5
4 g
5 g
1 In 1906
6 g
6 g
6 g
6 g
5 g
4 g
4 g
5 g
J
J
J
A
A
&
&
A
A
&
&
&
J
O Co.’s Office, Plttsb’gh Pa Apr
O
do
do
Oct
N 32 Nassau Street, N Y
Nov
I)
Dec
J15|Amer L <Sc Tr Co, Boston July
J New York
Jan
J In default
July
Yearly
A
M
A
J
M
J
J
J
&
&
&
&
&
&
&
A
O
N
O
D
N
J
J
J
J P Morgan & Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1
1
1
1947
1
1932
1 1907 5 %
1
1
1931
1913
1916
1
15
1920
1
1957
1
1923
Nov 30 1906 1 %
1908
July 1
July 1
1908
Jan
1
June 1
May 1
Jan
1
Jan
1
1911
1922
1939
1989
1989
July
1
1940
DIVIDENDS.—1899 to 1906, both Incluslve/l % yearly
As
Nov. 30.
for larger dividends, see V. 82, p. 750; V. 83, p. 686, 1468.
BONDS.—Abstract of consol, mortgage of 1939 In V. 49, p. 147; of Rich¬
mond & Allegheny mortgages, In V. 51,
p. 144.
to request
The general mortgage of 1892 (Central Trust Co. and H. T.
Wickham
trustees) Is for $70,000,000, but additional amounts at $25,000
per mile 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, &c.
The balance was Issuable for
new acquisitions,
rolling stock, &c., 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 all additional
property ana 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. and V. 83. p. 1523.
In Mar.
1907 $43,573,000 had been listed on N. Y. Stock
Exchange, of which $5.<>50000 were Issued for second-track and $38,523,000 for other
purposes, leaving
$31,132,000 reserved to retire underlying bonds, $339,000 available
for
Improvements and $6,000 to retire remaining unexehanged preferred stock.
V. 83, p. 1469, 1523; V. 84, p. 626.
The Louisville A Jeffersonville Bridge bonds, of which
$3,000,000 are out¬
standing. are guaranteed Jointly and severally by the Chesapeake A Ohio
and Cleveland Cincinnati Chicago & St. Louis;
any deficit on account, of
the bridge Is payable by them In the
proportion of one-third and two-thirds
respectively—see V. 60. p. 130; V. 61, n. 327.559: V, 62, p.,84 and separate
statement for Louisville & Jeffersonville Bridge Co
Of the Greenbrier Rg. 4s of 1900. guaranteed
prln. and Int. and assumed In
1903-04, $1,000,000 are reserved for extensions and Improvements.
See
guaranty. V. 72, p. 626; see also V. 71, p. 554, 602; V. 79,
Of the
p. 915.
Big Sandy 4s of 1904, $1,000,000 Is reserved for extensions. V. 79,
p. 917;
V. 82. p. 279. Form of guaranty. V.81, p.668.
Of the Coal River 4s of 1905. $1,500,000 has been
Issued on the 18 miles
from St. Albans to Holly, W. Va.. and about 50 miles
under construction;
the remaining $1,500,000 Is reserved for extensions and
Improvements.
V. 80, p. 2219; V. 83, p. 693.
Of the Paint Creek Branch 4s of 1905, $225,000 Is reserved for
extensions.
V. 81,p.974,910.
Potts Creek Br. 4s and Western Pocahontas Corp. guar. 4 l
js. V. 83.
p.
693.
Car Trust Series 4% Gold (Denomination
$1,000 each.)
Date.
’A” 1901...
‘R” 1902..
*C” 1902
’D” 1903
4E” 1903
’F” 1904
’G” 1905
*H” 1906
‘I” 1906..
•J” 1906
‘K” 1906
’L” 1907
•M” 1907-..
Outstanding.
$500,000...
,_1,200,000...
550,000...
1,400,000...
700,000...
560,000...
1,440,000...
1,440,000...
950,000...
.1,805,000...
__1,520,000...
2,250,000...
2,250,000...
•
.
Mature in Installments.
$100,000 yriy
Aug. ’15-’07-’12
200,000 vrly.
Aug. ’07-’12
.Sep. ’07-Sept, ’l:
.Aug. ’07-Aug. ’13
.June *07-Dec. 13
.June ’07-Dec.
14
.Oct. ’07 Apr.
15
.Oct. *07-Apr. 16
.June ’07-June T6
.Aug. '07-Aug. ’16
.
Oct. 15’07-Oct. ’16
50,000 s.a.
200,000 yrly.
50 ,ono s.a.
35.000
90.000
80,00(1
50,000
95.000
Ho.oon
.July ’07-Jan. ' 171 225,000
.Aug. ’07-Feb. '
s.a.
s.a.
s.a.
s.a.
s.a.
s.a
s.a.
Interest paid semi-annually as Indicated
by maturity date: “A" and
”B”-at Girard Trust Co., Phlla.: ”C,”
”D,” E‘‘” and “F” at office of
Blair & Co., N. Y.; “G” and “H” at
Fidelity Trust Co., Phlla : “I,” “J,”
”L” and ”M” at Blair & Co.; ”K” at
Guaranty Trust Co.
FINANCES.—Pennsylvania Interests, with Morgan-Vanderbilt Interests,
owned a majority of the stock.
V. 70, p. 75, 632; V. 72, p. 480.
In Dec.
1906 the Pennsylvania sold Its $15 ,630,000 stock
holdings. V. 83. p. 1410.
On Dec. 31 1905 the N. Y. Cent. & Hud. Rlv. owned
$5,000,000 stock and
on June 30 1905 Clev. Cln. Chic. A St. Louis
owned stock representing an
outlay of $2,453,569.
V. 71. p. 398, 505.
Aa to purchase of one-sixth Interest In
majority Hocking Valley common
stock, see that company.
V. 77, p. 1225; V. 83, p. 37, 603.
The stock Interest In C.&O. SS. Co. was sold in 1905-06. See
V. 83, p. 693.
EARNINGS.—8 mos. ,f 1906-07
Gross. $16,514,824; net,.$5,924,123
July 1 to Feb. 28.
H905-06.
“
.Gross,
16,057,659; net, 6,389.519
For 5 months ending Nov. 30 1906,
net, $3,742,995; charges (net).
$2,556; bal., sur., $1,176,908.
'
ANNUAL REPORT.—Flacal year ends June 30.
Annual meeting Is held
on the Tuesday
preceding the last Tuesday In October. Re¬
port for 1905-06 was given In full In V. 83,
p. 682, 691, and showed the
See also editorial, p. 658.
following.
Traffic.—Of the total tonnage (16,366,880) In the year 1905-06, coal and
coke furnished 9,884,873 tons, or 60% of the
whole: products of agriculture
furnished 6%.
Average rate received on seaboard coal, 3.27 mills per ton
per mile; on all freight, 4.20 mills.
at Richmond
..
,
...
Year ending June 30—
Miles operated
1906.
1.827.
Passenger earnings
.
Freight
Express, mall and miscellaneous...
Total earnings
expenses and taxes
Operating
Net earnings
Other Income
.
.....
1905.
1 ,708
1904.
1 .671
$4,242,556
$3,894,145
19,395.648
964,784
16,039.313
790.914
$3,648,233
14,869.188
780,105
$24,602,988
15,439,502
$20,724,372
13,534.804
$19,297,526
13,298,040
$7,189,567
$5,999,486
169,272
$9
204,353
$9,367,839
$5,778,951
1,534.406
J %) 627,907
(1 %) 627,904
$6,168,758
$4,674,245
861.366
(1 %) 627,904
$1,426,576
$291,259
$5,243
.
Interest
on
bonds. Sec
Extraordinary
Dividends
expenses
Balance, surplus
177,287
$7,366,854
$5,230,216
1.217.476
r
Clifford
CO
MAP
OF
THE
Gladbrook
\
Marshalltown
CHICAGO &, ALTON
State
isUCH
RAILROAD.
ICAGO
Lv\ vi'So»ttf Chioa^n
~y Ktiupton Jc.
j
Watseka
wi
"55*
«U^na
lWk
/
/
ORMAL
ERIE
J
V
l*alt
ixtnn
Gibson//
BONDS
RSAATILOWNCKDY
1Ap907r..1,
west’n
*
PLOOM I NGTOfM
'shWjv
1
h
lmi|iOstoll
2
,
iJauvilIu
yliampnLgjiJ^_,
'
Monticello/
L.ll
AJ_Urban a
w-
vy.
■?
iSidoll,
LShdrinan
iPRfNGIFI E L D
11
,/pAcaluV
a me
r\v, m id si do
FChatham
Sullivair
Taylorsville
J-^^l.arlestLn
Farri¥^
t,\
/
I
,ernaV<
/
\
a
«wa'b7I
~
rve
^
> Vc-
Shattue
\
irkw
J EFFERSON
CITY
(i
,
I
Sandoval.
,
Te rre Hayte
/
&
EVANS
Union
Princeton
INTEREST OR DIVIDENDS.
RAILROADS.
For
explanation of column headinos, <tc., see notes
on first page of tables.
Chesapeake & Ohio—(Concluded)
Miles
Date
Size, or
of
of
Par
Value.
Road. Bonds.
25
1,153
21
Paint Creek Branch 1st M $750,000
1890
1892
1905
is
Big Sandy Ry first mortgage $5,000,000 gold_.Ce.c*
Potts Creek Branch first mortgage (see text)
100
85
25
Car trusts, see text.
Guaranteed Bonds.
Elevator Co first mortgage gold p A 1 guar__.Ce.c*
Second mortgage for $500,000 Income non-cu_.c*
Lo A Jeff Bdg 1st M $5,000,000 guar p A I end..c*
4
67
Corporation first mortgage
Extn. No. 1
do
Chesapeake Western—C A W RR 1st M gold
N
Chesapeake Western Ry M $1,435,000 gold____B.c*
Chesterfield A Lancaster—1st M $750,000 gold..K.c*
Chestnut Hill RR—Stock rental P A R Ry
Chicago & Alton RR—Common stock.
Preferred stock 4% non-cumulatlve
4% cumulative part & prior lien stock
Chic A Alton RR (old) ref M gold (see text). IC.c* Ar
First lien (old Ry.) M subject to call at par__F.cAr
Collat notes $5,000,000, to be paid July 1 ’OT.Me.r
Western Pocahontas
do
do
Collat.
notes
$6,000,000
Joint equip notes ($9,500 due seml-ann) (V 76, p 47)
C & A Eq Ass’n cts Ser A, B & C, g gu$98,000 s a. Me
do
do
Ser I), g gu, due $113,000 s a. Me
Miss Rlv Br 1st M g ass’d s f drawn at 100
c*
Kansas City St Louis & C preferred stock guar....
Joliet A Chicago 7 % stock perpetual guar by C & A
Louisiana A Missouri guaranteed preferred stock..
•Additional bonds issued—see text below.
a Gua
CHESAPEAKE
A
OHIO
OFFICERS.—Pres.,
RY.
1900
1904
1906
1888
...
...
27
41
27
4
889
943
1888
1895
1898
1905
1905
1896
1901
1905
Stevens,
Payable.
525.000
200,000
339,000
1,980,000
4,000,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
Ac
1,000
1,000
1899
1900
1903
1907
1,000 Ac
1,000 Ac
5,000
1905
1906
1877
1,000
1,000
1,000
820,000
450,500
a3,500,000
500,000
150,000
1,500,000
750,000
114,000
666,000
1,419,000
124.000
195,650
19,542,800
19,544,000
899,300
•37,350,000
22,000,000
5,000,000
100
100
100
162
37
101
104,500
2,694,000
2,147,000
206,000
1,750,000
1,500,000
329,000
ly and se verally
Year
Richmond, Va.; Vlce-Pres.,
heraw.
gross,
S. C.; Sec..
net, A.$11,011;
G. Page.—(V.
interest 81.
p. 1790.)
$3,950. Pres.,
$33,089;
charge,
A. H. Page,
CHESTNUT HILL RR.—Owns from Germantown to Chestnut Hill, Pa.,
double-tracked May 1902. Re leased In 1896 to Phlla. A
Ry.. the rental being reduced from 12 % to 6 % on stock, the latter
Increased In June 1902 from $120,650 to $195.650.—(V. 75, p. 76.)
4 m.; being
Red..
being
r.CHICAGO A ALTON RR.—(See Map.)—ROAD—Chicago to St. Louis,
Kansas City, Ac., In all 970 miles, of which about 210 double tracked.
Road owned—
Miles.
Road owned—
Miles. I
Chicago to East St. Louis, Ill
2801 Roodhouse, Ill., to Kansas City,
Mo
251
Springfield, Ill., to Grove, III
54 |
Eldred to Barnett
48 1 Bloomington to Wann.'vla Jack¬
sonville
Godfrey & Upper Alton
Coal City Line, Ind
25
(all In Ill)
158
Dwight, Ill., to Washington and
24
Lacon, 111..
80 Trackaye to Peoria, Ill., Ac
Mex lco. Mo., to Cedar City. Mo.. 50
Total of all owned and operated In system
970
Out-off between Mexico. Mo.. and Old Monroe. 65 m.. built by Chic. Burl.
A Quincy, opened Sept. 1904, Is operated jointly.
The stock of the Peoria
Terminal Ry. Is owned by the Chic. A Alton and Chic. R. I. A Pac. Ry.,
which guarantee the new first mortgage bonds.
V. 81, p. 1099; V. 83, p.752,
1171, 1291; V. 84. p. 451.
ORGANIZATION.—The (old) railway company was organized In April
1900 and purchased substantially all the stock of the Chic. A Alton Railroad.
The two companies were consolidated In Mch. 1906 per plan V. 82, p. 451,
the Railway Issuing Its cumulative 4 % participating and prior lien stock In
exchange for the outstanding stocks of the Railroad, the Railway company
changing Its name to the C. A A. Railroad as above. V. 82, p. 160. ,See V.
70, p. 686, 995.
STOCK.—The cumulative 4 % participating and prior lien stock Is entl
tied In addition to prior right to accumulative dividends at the rate of 4 %
per annum, to receive adltlonal dividends equal to the rate of dividends. If
any, declared on the common stock of the consolidated company.
The
Rock Island Co.
and the Harrlman Interests In 1904 acquired con¬
C.
P.
trol, the
R. I. A
owning $14,320,000 com. and $4,470,000 pref stock,
and the Union Pacific $10,343,100 pref. stock, their stock holdings being
until Oct. 1914, the odd representative on the board to annually
See V. 80. p. 471. and V. 78, p. 47, 342; V. 79. p. 151, 1331,
1461.2204; V. 81, p. 1664; V. 83. p. 686.
DIVIDENDS.—On pref. of old co., Jan. 1901 to Jan. 1906, lncl., 4%
yearly (J. A J.).
Semi-annual dividends on pref. and participating
and prior lien stocks, 2% each, paid July 2 1906 and Jan. 2 1907.
BONDS.—The first lien (old Ry.) 3 ^s of 1900 are secured by a direct first
lien on Springfield to Grove. 54 m., and a lien on the remaining property
owned subject to the mortgage securing the refunding 3s of 1899 and certain
obligations and liens existing at the consolidation In 1906.
V. 70, p. 894,
See application to list In full In V. 71, p. 1021. and plan, V. 82, p. 451.
944.
The Railroad (old) mortgage securing the 3 per cents of 1899 will provide
funds for Improvements and extensions.
Bonds In excess of $40,000,000
may be Issued thereunder on vote of two-thirds of the stockholders for ex¬
of
not
over
miles
main
tensions
500
track, at not exceeding $20,000 per mile,
to fund leased line rental obligations and for future betterments not to ex¬
ceed $5,000,000 at not over $1,000,000 per annum from Jan. 1 1900.
See
circular V. 69. p. 178; also V. 69, p. 26, 129, 541; V. 70, p. 429..730, 995;
V. 84, p. 480, 507; 626, 803, 809.
Stockholders of Railroad (old) Co. voted on Sept. 7 1904 to authorize the
Issue of refunding bonds In excess of the $40,000,000 then sold and pledged,
viz., $5,000,000 for betterments and $350,000 for purchase of Quincy Car¬
rollton A St. Louis Ry.
V. 79. p. 211, 967.
In addition to equipment
certificates in table above, there are $101,418 5% Pullman Co. equipment
pooled
alternate.
May 15 1910.
sold Jan. 1907 are to be secured by
deposit of $8,000,000 refunding 3s; of the Issue, $5,250,000 Is reserved to
V. 84, p. 157; V. 77, p. 1746.
GENERAL FINANCES.—Expenditures for Improvements and equip¬
ment for 3 years ending July 1903 were $12,943,$29. V. 77, p. 1226.
Pro¬
posed terminal and other Improvements, Aug. 1905. V. 81, p. 776.
LATEST EARNINGS.— ] 1906-07..Gross, $8,752,110; net, $3,023,597
8 months. July 1 to Feb. 28.11905-06..Gross,
8,084,937; net, 2,478,887
ANNUAL REPORT.—Report for year ending June 30 '06. Including the
operations of the C. A A. RR., the C. A A. Ry. down to the date of consoli¬
dation Mch. 14 1906 and of the consolidated Co. subsequent to Mch. 14 1906,
was In V. 85, p. 813.
The $6,000,000 5% collateral notes
retire the $5 000.000 notes due July 1907.
.
M
5 g
A
A
A
A
A
A
A
A
4HgM
600,000
See text.
i ,000
CHESAPEAKE WESTERN RY.—Owns North River Gap. Va., to
Bridgewater, 14 m.; leases for 99 years from May 1 1902 Chesapeake A
Western RR., Bridgewater to Elkton, 27 m.; total, 41 m. Projected to tide¬
water on Chesapeake Bay, and westerly Into West Virginia coal fields, of
which 14 m., from Bridgewater to North River Gap, Is completed.
Con¬
trolled by Chesapeake Western Co. V. 75, p. 1353; V. 78, p. 2383.
Stock authorized, $50,000,000; outstanding, $1,419,600, of which $608.400 Is preferred.
Ches. A West. RR. has $533,500 common and $32,900
pref. stock outstanding. C. W. Ry. mortgage of 1901. V. 73, p. 899, 1356.
Year ending June 30 1906 (41 miles), gross, $70,369; net above taxes,
$20,508; no Interest paid on C. W. Ry. bonds.
Pres., Robert McM.
Gillespie; Treas., W. H. Hall. Office. 71 B’way. N. Y.—(V. 78, p. 2383.)
CHESTERFIELD & LANCASTER RR.—Owns Ruby to Cheraw, S. C.
18 m. Extension of 18 ra. toward Lancaster under construction, of which 14
m. completed Dec. 1906.
Bonds (limited to $750,000) are Issuable at $5,000
per mile.
V. 81, p. 1790.
Stock. $500,000; par, $25.
For 8 mos. ending
Feb. 28 1907, gross, $32,630; net, $13,217.
Year ending June 30 1905
notes due
When
%
1.000
500 Ac
(Concluded).
George W.
Rate
$400,000
43,573,000
50
100
100
100
ranteejd Joint
Amount
Outstandiny
$1,000
1,000
Decatur Axtell, Richmond, Va.; Treas., C. E. Potts, Richmond, Va.: Sec.,
C. E. Wellford, Richmond, Va.; Comptroller, L. F. Sullivan, Richmond, Va.
Directors—Decatur Axtell, John P. Green, Chas. E. Pugh, George W.
Stevens. Chauncey M. Depew, William H. Newman, Samuel Rea. H. McK.
Twombly, H. T. Wickham.—(V. 83, p. 1523; V. 84. p. 270, 626.)
[Vol.
RAILWAY STOCKS AND BONDS.
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March 1 1941
March 1 1992
Feb
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Oct
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Nov 1 1940
iJune 1 1944
i July
1 1946
Oct
1 1938
Oct
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March 1 1945
Feb
1 1948
Jan
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June 1 1945
AUg
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A Knickerbocker Tr Co,NY Aug
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Q—M
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A
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do
do
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do
do
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2 1907 2 %
2 1907 2 %
1 1949
July 1 1950
July 1 1907
Jan.
1 1912
To June 15 1912
To Nov 1915
June ’07-J’ne’16
Oct 1 1912
Jan
Oct
May 1 1907 1M
1907
Apr
Feb 1 1907 3H
& St Lo uls.
1905.
915
1906.
970
endlny June 30.—
1904.
915
$11,586,094
7,818,903
$11,797,314
7,602,663
$11,425,853
7.524,600
$3,767,191
$4,026,337
$4,194,651
$3,901,253
Net earnings
Net income
Deduct—
Taxes
Interest on bonds, Ac
Dividend on guaranteed stocks
Dividends on stocks of old com-
held by public.
| pal. When Dm
Aug
A New York Trust Co, NY
O See text
Miles
Gross earnings..
Operating expenses
panics
do
J
A
text. J
text. J
wit h
S J P Morgan & Co, N Y
S
do
do
A!
do
do
O Cent Tr A S Dep, Cln, (
A Richmond
N J P Morgan A Co. N Y
!
43^
3
3
4
5
4
4 &5
4
6
Bonds—Princi-
Where Payable, and by
Whom
DI
lxxxiv.
.
Dividend on prior lien stock July ’06
Dividend on pref. stock July 1906..
Miscellaneous expenses
$354,180
2,412,834
241,024
No comparison
possible, owing
406,140
17,986
to
consolidation
1906.
In March
390,880
8,318
>
$194,974
Balance, surplus
OFFICERS.—Chairman of executive committee, B. F. Yoakum; Pres.,
S. M. Felton; Comptroller, C. W. Hillard; Treas. and Asst. Sec., H. E. R.
Wood; Sec. and Asst. Treas., Geo. T. Boggs, 115 Broadway, N. Y.; Gen.
..
Mgr.. C. A. Goodnow.
Directors.—James Stillman, E. H. Harrlman, R. F. Yoakum, W. H.
Moore, D. G. Reid, Robert Mather. New York: James H. Moore, S. M. Folton, J. B. Forgan, J. J. Mitchell, N. B. Ream, Chicago.—(V. 84, p. 803.)
QUINCY RR.—{See Map.)—ROAD—Oper¬
of roads extending from Chicago westerly, reaching St.
Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo.. Omaha, Neb.,
Denver, Col., Cheyenne, Wyo., Black Hills, S. D., and Billings, Mont. Tht
accompanying map shows clearly the system, viz.:
Miles. I
Miles.
Lines east of Missouri River
4,3651 Lines leased
203
Lines west of Missouri River
4,040| Narrow-gauge lines
68
CHICAGO BURLINGTON A
ates a great system
Total operated June 50 1906
In Nov. 1905 an extension
8,677
proposed from Bridgeport. Neb., to
Guernsey, Wyo., southeast to North Platte and thence to a connection with
the main line east of the latter point, 250 miles.
The Denver A Beaver Valley was Incorporated late In 1904 to build from
Oberlln, Kan., to Uray, Colo., 100 m. V. 81, p. 1847. Extension from Oentralia to Herrin, Ill., 52 m., was opened in Mch. 1906.
Extension tinder
charter of Big Horn .Southern from Frannle. Wyo., southeast to Worland
91 m., was completed July 1906, to be extended. It was reported, about
was
275 miles westerly to Guernsey.
ORGANIZATION, Ac.—This was a consolidation In July 1875 of th*
Chicago Burlington A Quincy in Illinois and the Burlington A Missouri Rlv.
In Iowa. Chicago Burlington A Northern and other subsidiary lines In Illi¬
nois were absorbed In May 1899. V. 68, p. 975. In 1900 purchased the re¬
maining leased lines in Iowa and Missouri, viz.: Kans. C. St. Jos. A Coun.
Bluffs, St. L. K. A N. W.. Chic. Burl: A K. C., Han. A St. Jos., Keokuk A
West, and Chic. Ft. Mad. A Des Moines, Burl. A Missouri, Ac. V. 71, p.
697, 863, 963; V. 73. p. 137. 899.
In 1901 $107,611,600 of the $110,839,100 stock was exchanged for the
Joint 20-year 4 % bonds of the Gt. Northern and Northern Pac., 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. 293, and de¬
scription of bonds under Gt. Northern.
For legal reasons the road Is leased to the Chic. Burl. A Quincy Railway
(which see below) for 99 years from Oct. 1901 at 7 % 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, Ac.; In
1880 a 20 % distribution was made. See “Organization’ above.
DIVS-V81-87 88. ’89. ’90. 91. ’92. 93. ’94. 95-97. 98. 99 to Sep. ’01.
P. Ct. J8 y’ly. 5
4
5
4X
5
5
4% 4 y’ly. 5 H
6 yearly.
Since under lease, 1 % % paid Q.-J.; V. 74, p. 41.
BONDS.—For full description of each loan see the editorial article on
pages 3 to 6 of “Supplement” of Oct. 1896, and “Chronicle” V. 63, p. 775.
The mortyaye of 1899 secures bonds limited to $85,000,000, and the
lien securing the bonds became an absolute first mortgage covering all
lines east of the Mississippi River upon the payment of $21,699,000 con¬
solidated mortgage 4% bonds on July 1 1905. V. 79, p. 2454. See V. 68,
o. 771; abstract, V. 69. p. 283; V. 69. p. 795; V. 74. d. 1307; V. 75. p. 665;
V. 78, p. 1391, 1961,23S3, 2441; V. 79,p. 211; V. 80, p. 2620: V. 83, p.625.
The Iowa Division bonds are a first mortgage on the main line In Iowa
from Burlington to East Plattsmouth on the Mo. River, 272 miles, and on
121 miles or branches; they are also a first collateral lien on 496 miles of
branches and 86 miles of second track. These bonds have a sinking fund of
1 % % ($203,800) yearly, for which the 4s are subject to call at 100 and the
The ilngle main line and branches covered “shall not exceed
5s at 105.
In the aggregate 900 miles” at $16,000 per mile* on second track additional
$14,000 per mile.
V. 65, p. 462.'
Denver Ext. bonds can be Increased only for 2nd track at $10 000 per mile.
The collateral trust Nebraska extension bonds of 1887 are Issued at $20,000
per mile for single and $10,000 per mile for second track on not exceeding
1,500 miles.
Abstract of deed V. 45, p. 441
Burllnyton & Missouri RR. in Nebraska consol, mortgage of 1878 Is for
$14,000,000, and ia now a 1st M. or 1st collateral lien: all except the exempt
bonds are subject te call for the sinking fund at par; $205,000 retired In
The “exempt” bonds may be called after 1908.
1906.
The $4,230,500 K. C. St. Joseph A Council Bluffs consol 7s were paid at
maturity Jan. 1 1907.
V. 83, p. 1590.
GENERAL FINANCES.—Corn being one of*the principal articles carried,
the earnings vary greatly acoordlng to the size of the crop .
ANNUAL REFORT.—Fiscal year ends June 30.
Report for 1905-06
was in V. 83, p. 963, 974 (see also editorial, p. 937), showing results on all
lines
operated and controlled.
'
?
I
explanation of column headings, Ac., see notes
on first page of tables.
Chicago Burlington A Quincy—Stock 7%
Miles
Date
of
of
Road. Bonds.
rental
Illinois Div first mortgage)$85,000,000 currency re- 11,648 J 1899
11899
do
do
deeinable at 105..NB /
j
891
Sink ng fund Iowa Div 5s (collat trust) drawn at 105 1
1879
) 1879
Sinking fund mortgage 4s drawn at 100
cAr
1881
Sinking fund 4s (So W Dlv) drawn at 100
c*Ar
1881
370
Denver exten (coll tr) bonds s f drawn at 100
NB.c*
1883
Debentures for Hannibal A St Joseph stock
c*
1887
1,471
Nebraska ext $20,000 p m (s f not drawn) .NB.c* Ar
j
1
..
/1878
B A Mo RR In Neb) Land gr s f drawn at 100 ..NB)
Con M $14,000,000/Exempt,' not drawn till 1908/
Burl A Mo RR In Neb s f for At A N RR stock ..NB
Hannibal A St Joseph cons M now 1st M
F.c*
K C St Jos A Co—
1st Ms Nod A Tark Val RRs s f (drawn at par) .c*
Rep Val 1st M guar (drawn at 100) s f $14,000 yrly.c
Atch A Neb 1st M Atch to Lincoln Neb Ac guar..c*
Lincoln A N W RR 1st M guar sink fund 1 % not dr’n
11878
Chicago Cincin A Louisville—C RAM 1st M g__OB.C*
Chicago A Cincinnati 1st M $750,000 gold call text
Cincin A Ind W 1st M $600,000 call text
OB.c*
Chic Cincin A Loulsv gen A ref M guar text.. AB.c*
Hoosler Equipment 1st M Series A guar p A I..-BB
Equipment trusts $300,000 part due yearly
Chicago A E III—Pref stock 6 % non-cum($10,000 p m)
First mortgage (s f $20,000 no drawings)
Ce.c*
Danville A Grape Creek RR—1st
Extension first mortgage.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
RAILROADS.
For
Vo.L. LXXXIV.
RAILWAY STOCKS AND BONDS.
34
M assumed
c*
c*
Consolidated mortgage (for $6,000,000) gold..Ce.c*
Collateral trust bonds sinking fund.
c*
General consol and 1st M $30,000,000
Ce.c* Ar
Chic A Ind Coal—1st M $25,000 p m assumed.Mp.c*
Evansville Terre Haute A Chicago Income mortgage
Indiana Block Coal 1st M sinking fund call at par..
Refund A Imp M (text) gold red at 102 H — Ba.c* Ar
289
1880
1881
59
90
1880
1879
145
73
180
50
33
264
1878
1880
1900
1902
1902
1903
1902
1903
108
9
14
127
1877
1880
1881
1884
1887
1887
1886
1881
1878
1905
J.
817
176
49
13
—
pal, When Due.
Size, or
Par
Amount
Rate
When
Value.
Outstanding
%
Payable.
$100 $110 839100
1,000 Ac m50,835000
1,000 Ac n34 165 000
1,000 b2.288.000
1,000 c7,523,000
1.000 d4,300,000
100 Ac
e7,968,000
1,000
9,000,000
f
1,000 Ac 24,791,000
600
600
Ac
Ac
g8,680,000
1,000
1,000
h3,347,000
8,000,000
5,000,000
1,000
600
100
kl ,078,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
Ac
1,000
1,000
1,000
1,000
1,000 Ac
1,000
1,000
500
Ac
1,000 AO
3H
4
5
4
4
4
5
4
6
6
4
6
J
J
A
A
A
A
A
A
A
A
M
F
M
M
J
J
J
M
A
A
A
A
A
A
J
A
J
A
A
M
jl,125,000
J
A
p600,000
A
A
1,804,000
F
A
750,000
5
J
A
600,000
g
A
4H g J
2,796,000
5
J
A
300,000
5 g
A
J
210,000
8,830,700 6 In 1906
Q— J
6
J
A
2,655.900
M
A
6
97,000
6
J
A
91,000
A
6 g
A
2,788,000
F
A
6 g
42,000
M
A
5
16,583,000
5
A
J
4,626,000
6
M
A
150,000
J
A
7
150,000
A
4 g
J
6,000,000
i272,000
Ac
Ac
Q— J
7
7
6
7
7
5 g
5 g
Stocks—Last
Dividend.
Where Payable, and by
Whom.
N Y, Boston and Chicago Apr
JI Bank of Com, N Y A Bos July
do
do
J
Muly
do
do
Oct
O
do
Oct
do
O
do
do
s
,Sept
do
do
Feb
•A
do
do
N
.May
do
do
N
May
J Bank of Commerce, Bost July
do
do
J
July
do
do
Jan
J
Bank
of
Nor
S
America,NY Mar
D Second Nat Bank, Bost
J Bank of Commerce, Bost
do
do
S
J Company’s Office, Boston
Old
O
Colony Tr Co, Boston
A Old Colony Tr Co, Boston
D Old Colony Tr Co. Boston
J Amer Loan A Tr Co, Bost
J Boston S Dep A Tr, Bost
D Amer Loan A Tr Co, Bost
Hanover Nat Bank, N Y
D Fourth Nat Bank, N Y
N Central Trust Co, N Y
D Fourth Nat Bank. N Y
O Central Trust Co, N Y
do
A
do
do
do
N
J Metropolitan Tr Co, N Y
N Farmers L A Tr Co, N Y
do
do J
J Bankers’ Trust Co, N Y
1 1907 1 H
1 1949
1 1949
1
1
1
1
1
1
1
1
1
1
1919
1919
1921
1922
1913
1927
1918
1918
1910
1911
June 1
1920
1919
Mar
1908
Jan
1 1910
Oct
1 1950
Feb 1 1952
June 1 1952
July 1 1953
July 1907-1912
To June 1913
Apr 1 1907 134
Dec
1 1907
May 1 1920
1 1931
Dec
1 1934
Oct
Feb 1 1912
Nov 1 1937
Jan
1 1936
May 1 1920
July 1 1908
July 1 1953
July
1
1
C $7,374,200.
e $3,646 ,900; f $643 ,000 (Ins Inking fu nd uncanceled) Included;
b $712,000, and c $4,979,000 canceled not Included. d $1.9 19.000;
h $2, 104,00 0;
1 $48, 000; j $71,1 00; k $53 2,800; P $48,000; m $384,000; n $82,000
The sink, funds held alive July 1906 of bonds above:
•
1903-04.
1904-05.
8,879
1905-06.
Miles operated
8,821
.$51,168,339 $43,863,893 $44,651,997
14,494,573
15,898,243
16,409,104
6,081,622
6,210,909
6,569,228
8,927
June 30.
Freight
Passenger
.
.$74,146,671 $65,973,045 $65,228,192
44,578,943
44,100,332
53,508,532
.
.$20,638,139 $21,872,713 $20,649,249
.
def.204,116
302,202
410,682
Other Income.
$21,048,821 $22,174,915 $20,445,133
7,630,216
8,370,137
8,306,391
$12,742,430 $13,804,778 $12,814,917
$8,608,910
$8,608,082
$8,608,968
Int.onNor.Pac.-Gt. Nor. Joint bonds.
226,667
225,943
225,890
Dlv.onC.B. AQ. stk. held by pub.,7%,
.
!;■
t:
$3,980,168
$3,907,572
$4,969,925
Surplus
DIRECTORS.—Geo. B. Harris (Pres.), John J. Mitchell, Chicago, Ill.;
Charles E. Perkins of Burlington, la.; J. J. Hill, James N. Hill, Geo. C.
Clark of St. Paul, Minn.; W. P. Clough, John F. Talmage, Norman B. Ream,
Geo. F. Baker and Samuel Thorne of New York.—(V. 84, p. 219.)
CHICAGO BURLINGTON A QUINCY RAILWAY.—Leases the Chic.
Burl. A Q. Railroad system for 99 years from October 1901 at 7 % on Its
stock.
Incorporated In Iowa on Oct. 16 1901. V. 73, p. 842, 1207. See
C. B. A Q. Railroad above and Northern Securities Item, V 73. p. 1357.
Stock authorized, $100,000,000;
The
outstanding July 1906, $10,000.
Joint Income acct. of the Railway and Railroad for year ending June 30 1906
shows surplus over 7 % dividends on Railroad stock of $3,907,572, or about
4 % on the authorized amount of railway stock.
Directors.—Geo. B. Harris, Pres.; Charles E. Perkins, John S. Kennedy,
Janies J. Hill, W. P. Clough. George W. Perkins, Geo. C. Clark. Amos T.
French, James N. Hill, Samuel Thorne and Darius Miller.—(V. 83, p. 489.)
CHICAGO CINCINNATI A LOUISVILLE RR.—(See Map.)—Owns Cin¬
cinnati to Louisville Jet., Ind., 265 miles; trackage Louisville Jet. to Chi¬
cago, III., 18 miles; total 283
p. 1247.
In March 1907 a settlement
i
miles.
A consolidation June 4 1903; V.76,
with the Cln. Ham. A Dayton Interests was
reached under which the $3,500,000 Pere Marquette collateral trust bonds
secured by the C. C. A L. stock were canceled, the stock being returned to
the old holders, a debt of about $800,000 being canceled and the C. C. A L.
receiving $400,000 In receivers’ certificates of the Pere Marquette.
V. 84,
surrendered Jan. 1 1906
1 1907,lncl.,
at maturity.
p. 507, 693.
The management of this property was
to the former owners.
’The Interest due Jan. 1 1906 to Jan.
on the gen. and refunding 4s of 1903 was paid by the company
V. 82, p. 99. 217.
Stock outstanding, $4,206,000; par of shares. $100.
The Cln Richmond A Muncle 1st 5s. Chicago & Cincinnati, and Cln. A
Ind. West. Issues are all subject to call at 110 after 10 years from their
Issue, the Cln. Rich. & Muncle after Oct. 1910.
See official statement, V.
71, p. 1066; V. 74. p. 1195.
Of the gen. and ref. 4f£s of 1903 (American
Loan A Trust Co. of Boston and Union Trust Co of Indianapolis, trustees'
sufficient are reserved to retire all prior
bal for extensions. Improvements Ac.
(V, 82, p. 48. 99 217, 750; V. 84, p.
CHICAGO & EASTERN ILLINOIS
—
Issues. Including equipment morts.;
V. 77. r>. 349. 1532; V. 80 p. 649.
219, 507, 693.)
RR.—See Maps, pages 116, 117.—
Operates road (double track to Danville Jet., 106 m.) from Chicago, III., to
Terre Haute. Ind., and bituminous coal fields; also to Thebes and Joppa, Ill.
15
Lines owned in fee.
Allies. Branches to Coal Mines.
14
107 Rossvllle Jet. to Judyvllle, Ind.
Dolton to Danville, Ill
7
Danville. HI., to Brazil, Ind
61 Hunt’s Extension
Trackage, &c.
Momence Jet., 111., to Brazil, Ind. 130
82
Danville Jet.. Ill., to Thebes. 111.277 Pana, 111., to E. St. Louis
Chicago to Dolton. Ch. & W. Ind. 17
Joppa Jet. to Joppa, Ill.
16
11 Otter Creek Jet. to Terre Haute.
6
Clssna Jet. to Clssna Park, Ill.... ”
31
Rossvllle Jet. to SI dell Jet... Ill... 34 j Other lines.
46
Percv Jet. to La Crosse Ind
Total operated July 1906
947
Milford Jet. Ill..to Freeland Ind.
Double track
154
Coal BlulT. Ind., to Casey, Ind. . .
Side tnicks
483
Woodland, 111., to Villa Grove.. .
17
Flndlev, Ill..toPana
20 Third track
HISTORY, LEASES Ac.—In August 1902 the St. L. A Ran Fran, ac¬
quired the greater part of the stock, as said below.
The road forms part
of a through line to New Orleans opened in Jan. 1905.
The Chicago A East. III. owns $1.000,000 stock of Chic. A Western Ind.
Special lease of Chicago freight terminals.
V. 78. p. 819. In 1904-05 ac¬
quired control of the Evansville & Terre Haute, which forms part of the
through line between Chicago and Evansville. V.55. p:995: V.81 p. 1239
In April 1905 t he bridge of the Southern Ill. & Missouri Bridge Co. (which
see) was opened across the Mississippi River, forming with St. Louis South¬
western a line to Texas points.
V. 71, p. 1219; V. 74. p. 936.
STOCK.—Common stock Issued $7,217,800 ($15,000 p. m.)." In addi¬
tion. $6,408,300 com. and $161,300 pref. were held in trust by Colonial
Trust Co. In July 1906.
In Aug. 1902 the St. Louis & San Francisco RR. gave In exchange for the
common anti preferred stock Its stock trust certificates at the rate of $10§
thereof for each $100 share.
V. 75, p. 289. In January 1905 all of the
.
.
.
.
$7,217 800 common and $6,211,700 of the $8,99?,000 preferred had been
exchanged on this basis.
The St. Louis & San Fran, has the option to re¬
tire the trust certificates at any time at $250 per $100 common stock trust
certificate and $150 per $100 pref. stock trust certificate, payable In gold
and obligates itself to pav off the entire Issue in 40 years from date at the
same
rates,
meanwhile obligating itself to pay 10%
dividends on the com¬
and 6 % on the preferred trust certificates, respectively, these amounts
being equivalent to 4% on the principal sum to be eventually received In
pavment therefor.
Upon failure to pay any dividend within 30 days after
demand therefor, any holder may surrender the certificates to the trustee
and receive the shares represented thereby.
V. 75, p. 289, 393, 1031;
mon
V. 82. p 48.
A majority of common stock trust certificates were In 1905
exchanged for certificates In denominations of $1,000 each, representing 4
shares of common stock, bearing 4% Interest, and payable In 1942 at face
value.
See form V. 80, p. 1856.
DIVS. (%)— ’92-’97. ’98. ’99. ’00. ’01..’02. ’03. ’04. ’05. ’06.
1907.
On pref
__)6yrly. 666666666 Inc Apr, 3
Common
j
0
2X 3H 4H 5^ 6
6
8
£
No later dividends on common stock declared (although paid and charged
against earnings of fiscal years), because all exchanged for St. L. & S. F.
trust certificates, 5% being paid out of earnings of year 1904-05, 5% extra
from accumulated earnings of three years ending June 30 1905, and 8%
from earnings of year 1905-06.
V. 80, p. 2398; V. 82, p. 1101.
BONDS.—The General consol, and lsf 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 mile 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 gen. consols, were limited to $30,000,000.
See V. 64, p. 1088;
V. 78, p. 1446; V. 79, p. 1331; V. 80, p. 1728.
Series B equipment bonds
mature $57,000 each June and Dec. and $56,000 each March and Sept.; ser.
C, $53,000 semi- annually, J-J; ser. D, $15,000 M-J; ser. E $125,000
each, Feb. and Aug.; ser. F $220,000 each Feb. and Aug.
The refunding and Improvement gold 4s of 1905 ($55,000,000 authorized
Issue) issued and Issuable as follows;
Sold for Improvements and to reimburse the company for Its In¬
vestment In the Thebes Bridge (see Southern Illinois A Mis¬
souri Bridge Co.. V. 80 p. 1424) and In certain stocks and
bonds of other companies (see V. 81, p. 1436)
$6,000,000
Issuable as required for additions and Improvements. Including
equipment
14,374.000
Reserved to retire, $ for $, $30 000,000 gen. consol, and 1st 5s of
’37,Issued and Issuable,and $4,626,000 Chic. AInd.Coal Ry. 5s 34,626,000
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. See V. 82, p. 451.
ANNUAL REPORT.—The report for 1905-06
Rate per ton per mile was 0.47 cents in 1905-06.
Year ending June 30—
1905.
1906.
Miles operated June 30.._
947
947
Gross earnings
$9,928,562
$8,423,378
1904.
758
$8,664,042
1903.
751
$7,723,848
6,851,289
6,019,850
5,691,933
4,552,089
$2,403,528
$2,551,698
1,506,468
264,764
$2,972,109
$3,327,651
1,356,778
225,655
(6)409,842
(8)577.424
400,121
$3,171,759
$357,831
$341,155
J2,248,734/
/
\
(6)529,842
(6)499,842
(8)577,424
(5)360,890
$37,692
def.$80,266
Construct’n deprec’n, &c_
Surplus
In V. 83, p. 887.
$3,077,273
.$3,393,692
Oper. exp. and taxes
Net earnings..
Net (lncl. other Income)
Interest paid
Rentals
Dlv. on pref. stock
Div. on com. stock
was
$3,544,558
1,282,32
157,52
(6)409,842
(6)433,068
920,647
OFFICERS.—Pres., H. I. Miller, St. Louis; 1st Vlce-Pres., Robert
N. Y. Office, 71 Broadway.
Mather, Now York; Sec., J. S. Ford, Chicago.
(V. 82, p. 48,451,760, 1101, 1322; V. 83, p. 887, 1227, 1469.)
CHICAGO & ERIE RR.—(See Map Erie RR.)—Owns from Marlon. O.,
to Hammond, Ind., 249 miles, and leases trackage over Chicago A West Ind.
to Chicago, 20 miles.
Erie RR. Co. owns entire $100 000 stock.
BONDS —The first mortgage (trustees Central Trust Co. and Edward
Daniels) covers 249 miles of road, the contract with the Chicago & 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.
CHICAGO GREAT WESTERN RY. (Sec Map)—ROAD.—Operates the
“Maple Leaf” route, radiating from Oelwcin. la., northerly to St. Paul,
easterly to Chicago and southerly and westerly to Kansas City and Qrnaha,
embracing;
Lines owned (total, 757 miles) .Mlies |
Operated under agreement.
Milet.
Chicago to St. Paul
402 I Mason City
& Fort Dodge,
Oelweln to St. Joseph
289 I
385 miles, viz :
Bee Creek to Beverly
231
Oelweln, la., to Coun’l Bl’fs. 260
Sumner to Waverly*
221
Hayfield. Minn., to Clarion,la. 100
to
Branches
Lehigh
and
DeKalb.
Cedar
Falls,
Ac.,
18
Coalville, Iowa
21
branches,
Trackage rights Council Bluffs
i
Trackage, Ac. (total, 83 miles)—
to South Omaha.
St. Paul to Minneapolis
101
10|WIs. Minn.APac.RR..271 miles
Chicago Terminals
14 |
96
Dubuque to Aiken
Mankato to Red Wing
Red Wing to Osage
Des Moines Terminals
3!
118
Beverly to Kansas City
371
Winona to Simpson
54
St. Joseph to Bee Creek
9|
Branch to Clay Banks
3
—
Grand total owned, leased and operated under contract
•
Deduct Sumner to
A C. F. R. T. Ry
Total
Waverly, la., leased Jan. 1 1904 to Waterloo
operated
1,496
22
-1.474
HISTORY.—The Chicago St. Paul A Kansas City was organized In May
1886, and In December 1887 merged with Minnesota A Northwestern.
In
August 1892 reorganized per plan. V. 55, p. 856.
On Sept. 7 1893 the Great Western acquired by deed the title of the
Chicago St. Paul A Kansas City Ry. (815.67 miles).
In June 1902 the old
726.
As to 7-year contracts
75. p. 341.
SECURITIES.—The holders of debentures 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 lien 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
mortgages were satisfied of record; V. 74, p.
made In 1902 with packing companies, see V.
Apr,, 1907. J
RAILWAY STOCKS AND BONDS
35
MAP
OP
THE
CHICAGO, CINCINNATI
AN D
Graud Haven Vi
MAP OF THE
Chicago, Cincinnati & Louisville
Railroad.
Lntrniirf- nml Terminal at (Jiaciiuiati.
LOUISVILLE E. E.
[VOL. LXXilV,
RAILWAY STOCKS AMD BONDS
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation of column headings, Ac., see notes
on first page of tables.
Miles
Date
of
of
Road. Bonds.
(Concluded)
Including int Apr ’06 due {10,021 monthly
Equipment bonds Series B due quarterly.
‘
Site, or
Par
Value.
Amount
Rate
Outstanding
%
i
When
; Payable
do
Series C & D due 568,000 seml-an
Series E due 5125,000 s-a (V 81 p 1043) .Ba
Series F due 5220,000 s-a (V 82 p 750) _Ba
Chicago & Erie—1st M gold lnt guar till prln pald.Ce.e*
bonds
for 510,000,000 5 % non-cum_
Income
N
Terminal first mortgage gold
do
do
do
Chicago & Grand Trunk—See Grand Trunk West Ry.
Chicago Great Western—
Debenture stock cumulative gold 530,000,000
Preferred stock A 515,000,000 5 % gold
Preferred stock B 4 % (524,000,000 authorized)
Common stock 550,000,000.
Sterling 5-year notes 5s (no mortgage)
Sterling 5-year notes (no mortgage) redeem at 101
249
249
—
1902
1903
1904
1904
1906
__
—
,
101_.cAr
Chicago 8; Great Western—See Chicago Term Trans R R
Chicago H ammond & Western—See Chicago June Ry
Chicago & 111 Mid—1st M 55,000,000 g red text.. IC.c*
Chicago A III W—1st M 5500,000 g red par aft 3 yrs. AC
Chicago A Indiana Coal—See Chicago A Eastern Ill
43
Chicago Ind & Eastern—1st M 51.000.000 gold_.N.C*
Improvement mortgage 5100,000 gold red at 103..
203
Chic IndASo—Ind Ill A la 1st M 512,000.000 g.IC c*
Consol M, $2,000,0000 gold
Cblicago Indianapolis A Louisville—Common stock..
Preferred 4% non-cumulatlve 55,000,000.
289
L N A & C 1st Main Line—N A to Michigan Clty-.c*
162
1st M Chic A Ind Dlv, Chicago to Ind gold
c*
C I A L refunding mortgage 510,300,000 gold
509
Ce
do
509
gold 6s Issued for old consols.
Con Stone Co 1st M 5250,000 gold guar pAl red text
Indiana Stone RR first mortgage guaranteed
60
Indlanap & Loulsv 1st M $6,()00,000 gold gu._Sc*
---
---
Chicaen I ndi*
na
poll's fie
1,000
1,000
1,000
1.000
1,000
1,000 Ac
St Louis Short Line—See Cle veland
100
100
100
100
Various
Various
Various
5,000
Various
1906
1905
1 .000
1902
1,000
1903
1900
1906
500
1.000
100
100
1880
1881
1897
1897
1900
See text
Chicago
do
do
do
To
To
To
April 5 1913
Sept 1910
do
do
do
Erie RR, New York
Erie RR
Aug ’07-Aug ’15
Aug '07-Feb ’16
May 1 1982
Erie RR, New York
July 1918
J
A
J
A
O
11,336,900 5 In 1906 A
Seml-an
23,103,842 j None \
44,464.545
68,485
3,342,545
1,572,757
2,499,697
892,606
Oct
1,000
1,000
1,000
1,000
1,000
1,000
1906
1,000
Clncln natl Chic
preferred A stock collectively 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.
For rights of stock see editorial in “Supp.” for Oct. 1897; see also V. 71 ,p.441
In 1898 the authorized Issue of 4 % debenture stock was increased from
515,000,0(10 to $30,000,000 for future refunding and Improvements.
V. 66,
p. 133. 663. 1088.
In March 1907 the remaining $3,873,000 debenture
stock was ottered at £16 per $100 share, payable £2 on application, £2 on
April 4. £12 July 1.
V. 84. p. 745, 748.
In Nov. 1902 $6,500,000 common stock was Issued to purchase part of
stock of the Mason City A Ft. Dodge RR. and part of stock of Wls. Minn. A
Pacific RR., 271 miles.
V. 75, p. 1201.
The stockholders votea Sept. 7 1905 to authorize an Increase In the pre¬
ferred B stock from $10,000,000 to $24,000,000, the new stock being ex¬
changed, dollar for dollar, for Mason City & Ft. Dodge preferred stock.
V. 80 p. 2457 2620; V. 82. p. 1379.
The gold notes are a direct obligation ahead ot the debenture stock.
No
Hen can be placed on property without providing for their payment.
V. 79. p. 902.
Equipment lease warrants Dec. 30 1906, $214,117.
DIVIDENDS.—On pref. “A’’ paid Jan. 1899, 2 %; In July 1899 2 %; In
1900 to Feb. 1904, 5 % yearly.
In 1906, 5 % (A & O); In 1907, Apr., 2Vj %.
FINANCES.—As to $3,873,000 new debenture stock ottered In March
1907 see above.
Both the Mason City &
Pacific RR. are operated
Ft. Dodge RR. and the Wisconsin Minnesota &
for 100 years under agreements dated April 1
1901. the Chic. Gt. West, receiving their entire net earnings above Interest
on bonds and owning their entire stocks.
By later agreement the Mason
City ft Ft. Dodge receives 60 % on business Interchanged, any surplus above
Interest to be held for payment of future coupons.
See separate statements
for each Co. V. 73. p.566, 722; V.74, p.93; V.75, p.1201; V.80, p.1911.
In April 1905 $12,000,000 Mason City ft Ft. Dodge 4 % bonds were sold.
See that company and V. 80, p. 1363, 1911.
EARNINGS.—8 mos., (1906-07
Gross, $6,426,277; net, $1,821,413
July 1 to Feb. 28.
] 1905-06-..J.Gross. $5,957,667; net,
1,805,833
Semi-annual report in V. 84, p. 745, showed:
For 6 mos. ending Dec. 31
1906, net. $1,572,054, against $1,699,109 In 1905; charges,«$1.052,555; dlv.
on pref. “A” (2^%), $283,423; bal., sur., $236,076.
Earnings since Jan. 1904 are based on 818 miles of road proper, only the
aet earnings of the proprietary lines over bond Interest being Included.
REPORT.—Report for 1905-06, V. 83, p. 621, 630.
Year ending June 30—
1906.
1905.
1904.
1903..
Average miles
818
929
818
874
Gross earnings
$8,573,148
$7,377,711
$8,022,674
$7,823,191
Net Income
2,539,493
2.038,618
1,902,632
2,184,662
Rentals (lncl. equipment)
426,951
433,516
431,368
408,144
Interest paid
372,237
368,726
283.625
174,585
Int.ln cash on 4% deb.stk. 1,044,978
1,044.976
1,044,976
1,025,693
Dlv. on pref. stock "A”..(5)568,620
(2.H) 284,310
(5)568,620
Balance
sur.126,706 sur.191,400 def.141,647
sur.7,620
OFFICERS.—Pres., A. B. Stlckney; Vlce-Pres., A. Oppenhelm; Sec., R.
C. Wight; Treas., R. O. Barnard; all of St. Paul.
Directors—A. B. Stlckney. A. Oppenhelm, S C. Stlckney, F. Weyer¬
haeuser, J. VV. Lusk, H. E. Fletcher, T. H. Wheeler, M. D. Flower, R. C.
Wight.
N. Y. office, 31 Nassau St.—(V. 84, p. 693, 745, 748, 930.)
CHICAGO A ILLINOIS MIDLAND RY.—Owns Auburn, Ill., to Paw¬
nee, 9 miles; extension under construction easterly to Taylorvllle, 17 miles.
Stock authorized, $2,000,000; outstanding, $490,000 (par of shares $100),
a majority being owned by Illinois Midland Coal Interests.
The bonds are
subject to call on terms to be fixed for the several Issues; the $780,000 bonds
Issued on the first 26 miles may be called at 110 on Aug. 1 1910 or
any subsequent Interest day.
See V. 82, p. 452, 803.
(V. 82, p. 803.)
1
paid
Jan
1
1
1915
1982
]
15 1907
Apr
1
R. Benson A Co, Lon-
2%
’07 2 H
don, England
5
5 g
5 g
Seml-an
1907
Seml-an
Various 1908
Seml-an
Various 1909F
A
A Blair A Co. New York
Aug 1 1909
Seml-an R Benson A Co, London Various 1911
5 g
5 g
F
J
5 g
5
.
5 g
500,000
]M
6 g
J
(?)
4 g
•j
4.850,000
4 g
J
10,000,000
10,500,000 3 In 1906 J
5,000,000 4 In 1906 J
6
(J
3,000,000
6 g
2 300,000
F
5 g
J
5.000,000
6 g
J
4,700.000
6 g
M
68,000
5 g
In treasury.
M
4
J
1,500,000
g
ago
Jan
4 g
350.000
500,000
1,000
stock and
A
A
A Chase Nat Bk,N Y; or Ch Feb
J Amer Trust A Sav Bk.Ch July
A
A
A
A
N
D
J
J
D
D
J
A
A
A
A
A
A
A
A
A
A
J
J
N
S
J
1
1
Nov 1904 coup last paid May
Met Trust A Sav Bk, Chic Jan
Treas, Grand Cent Stat'n July
do
J P
do
Morgan A Co, N Y
Jan
Dec
Dec
do
do
do
do
July
do
do
Aug
do
do
July
do
do
July
Amer Tr A Sav Bk, Chic May
New York
Sept
Standard Trust Co, N Y Jan
1956
1945
1942
1909
1
1950
1 1956
28 ’06 1 H
28 ’06 2 %
1 1910
1 1911
1 1947
1 1947
1 1920
1 1948
1 1956
A St Lo uls.
INDIANAPOLIS
CHICAGO
&
LOUISVILLE
RY.—Operates the
“Monon Route” from Chicago, Ill., via Monon, Ind., to Indianapolis, Ind.,.
and Louisville, Ky., with branches.
The system Includes:
Lines owned—
Indiana State Line
Miles.]
Oper. under contract—
Miles.
|Chicago to Indiana State Line
20
6
1621 New Albany to Louisville
New Albany to Michigan City
289 | Connection In Indianapolis
2
Bedford to Swltz City
40 Clear Creek to Harrodsb'g, lnd__
9
Orleans to French Lick Springs.. 18]Swltz City to west of Linton
10
| Br. to Swltz City (coal only)
35
to
Indian-
apolis
Total of all Ju.ne 30 1906
.591
A lease for 999 years with Chicago ft Western Indiana (of whose stock this
company owns $1,000,000) gives entrance to Chicago on a mileage basis.
Owns one third Interest In Kentucky & Indiana Bridge at Louisville, Ky.
Owns entire stock of Indianapolis ft Louisville RR., projected from at or
—
near
Indianapolis to Evansville, &c..of which 60 miles from Cloverdale
to
coal fields of Southern Indiana wfas practically completed in Mar. 1907
Dividends of 4 % are guaranteed under 99-year lease and bonds guaranteed
prln. and lnt.
See “Bonds” below.
V. 82, p. 509; V. 83, p. 888, 1290.
HISTORY.—Successor July 1 1897 of Louisville New Albany A Chicago,
foreclosed per plan In V. 63, p. 922.
Suit settled.
V. 75. p. 1031.
In Aug. 1902 the Louisville & Nashville and Southern Ry. acquired 93 %
of $10,500,000 common and 77 % of $5,000,000 preferred stock, on the basis
of $78 and $90 ner $100 share respectively In their Joint 50-year 4 % collateral
gold bonds at par, secured by the stock acquired.
See description of
V. 74, p. 1088, 1138; V. 75, p. 28.
DIVIDENDS.—On pref.. 1899, 1%; Oct. 1900 to Dec. 1906, both In¬
clusive, 4% per annum.
On common, 1902, 1%; 1903, 3?4%; 1904, June
1*£%. Dec., 1 M %; 1905 and 1906, 3% (JAD).
BONDS.—Refunding mortgage covers road, equipment, Ac. (Including
$1,000,000 stock of Ch. ft W. Ind. and $240,000 stock of the Belt Ry. of
Chicago); total authorized Issue Is $15,000,000, of which unissued balance Is
reserved to take up existing divisional bonds at maturity.
The Consolidated
Stone bonds were subject to call Jan. 1 1907.
V. 74, p. 42.
Indianapolis & Louisville guaranteed bonds, of which $1,500,000 sold In
Feb. 1906 for 60 miles of road, balance Issuable at $30,000 per mile.
See
above.
V. 82, p. 508; V. 83, p. 1290.
trust
bonds under Louisville & Nashville.
EARNINGS.—8 mos., J 1906-07
Gross, $3,949,886; net. $1,203,328
July 1 to Feb. 28.
(1905-06
Gross, 3,964,843; net, 1,392,68$
ANNUAL REPORT.—Ju V. 83, p. 888, showed:
Year ending June. 30—
1904-05.
1905-06.
1903-04.
1902-03.
Grosscarnings
Net earnings
Dividends, Ac., received.
Total net Income
Interest on bonds
Rentals, Ac__
Total
$5,921,002
1,933.063
249,475
$5,614,903
.1,979,710
' 160,432
$5,300,623
1,884,454
257,031
$5,066,131
1,949,77$
155,751
$2,232,538
$772,100
262.801
$2,140,142
$772,100
253,094
$2,141,485
$772,100
250,023
$2,105,524
$772,100
224,193
5R034.901
$1,025,194
$1,022,123
$996,293
$1,114„948
$1,119,362
$1,109,231
200.000
200,000
200,000
Dividend on common
(3)315,000 (2*0288.750 (2^)262,500 (2H)262,500
OFFICERS.—Pres., W. II, McDoel, Chicago; Vlce-Pres., Morton F.
Plant. New York: Treas., Byron Cassell, 198 Custom House Place. Chicago;
Gen. Mgr., B. E. Taylor. Chicago; Sec.. J. A. Hilton. 80 Broadway, N Y.
Directors.—Thos. W.Jovce, A.'H. GUlard, A. T. French, Chas. Steele.
R. M. Gallaway, Temple Bowdoln, Morton F. Plant, New York: W. H.
McDoel, G. B. Shaw, E. C. Field, Chicago; J. Murdock, Lafayette, Ind.—
(V. 82, p. 392, 508; V. 83. p. 686, 888, 1347; V. 84, p. 101.)
Surplus for dividends
$1,197,637
Dividend on pref., 4%__.
200,000
CHICAGO A ILLINOIS WESTERN RR.—To extend from Western Ave„
Chicago, southwesterly to Joliet, Ill., with branches, a total of 54 miles, of
which 15 miles In operation and balance was expected to be early in 1907.
Extension reported to be proposed from Joliet to Gary.
V. 83, p. 491.
Stock, $500,000, to be Increased to $1,000,000; par, $100.
Bonds, see
table above.
Pres., W. E. Phillips.
Office, 184 La Salle St., Chicago, Ill.
(V. 83, p. 491.)
CHICAGO JOLIET A KANSAS CITY RR.—Projected from Chicago, via
Joliet to Kansas City, Mo., about 500 miles, with branches to Keithsburg,
Mo., etc.
Promoted by Dolese & Shepherd, of Chicago, who are Interested
in the Chicago ft Illinois Western, and an Eastern syndicate. Stockholders
voted Oct. 15 1906 to Increase the authorized stock from $1,000,000
to $12,000,000, of which $2,000,000 preferred, and make
a
bond Issue
of $12,000,000.
V. 83. p. 379, 491.
Sec., E. V. Hoagland.—(V. 83. p.
379,491,969.)
CHICAGO INDIANA & EASTERN RY.—Owns Converse, Ind,, to Muncle,
43 miles.
In Sept. 1904
G. W. Bartlett of Muncle, Ind.. was appointed
receiver.
V. 79, p. 1022, 1265.
On March 6 1907 foreclosure sale was or¬
V.
dered.
84, p. 569.
Capital stock authorized, $1,000,000.
The Penn¬
CHICAGO JUNCTION RR.—To be an elevated road, 3.75 miles of track,
extending from junction with South Side Elevated RR. at 40th St. to the
Stock Yards.
Leased to South Side Elev. for 50 years (with right to pur¬
chase at cost within 20 years) at a rental covering bond Interest and all ex-
—
sylvania Company
o
First Nat Bank,
5797,075
5
M
A
701,000
J
A
1,088,000
4H
J
A
A
4** g F
2,125,000
A
A
3,960,000
4H g F
5 g
12.000,000
|M A N
10,000,000 Mostly o,wned by
5 g
&
300,000
r
—
Gold notes redeemable at 101
Gold notes 52.500,000 authorized red at
Gold notes 51,000,000
1903
1903
1905
1905
1906
1890
1890
1888
Stocks—Last
Dividend.
When Payable, and by
Whom.
Chicago & E 111
Car trusts
Bonds—Princi¬
pal, When Due.
on
Dec. 31 1906 owned $700,000 stock and $198,000 of
the first and $48,000 of the general mortgage bonds.
For year ending
June 30 1906 (receivers’ report), gross, 51 18,899; net, $8,590; deductions,
$39,675; bal. def.. $31,085.—(V. 84, p. 569, 930.)
CHICAGO INDIANA & SOUTHERN RR.— (See Maps N. Y. Cent. A
Ilud. Rtv. RR.)—Owns from South Bend. Ind., to Seatonvllle, Ill., 192 m.
(former Ind. Ill. & Iowa RR.); Danville, Ill., to Indiana Harbor, Ind.,
109 m.; branches 11 m.
(former Ind. Harbor RR.); trackage 28 in.* total
340 miles.
A consolidation Apr.'06 of the Ind. I11.& Iowa, Ind. Har. RR. and Dan¬
ville A Ind. Har. RR. V. 82. p. 803. 867. Stock. $20,000,000. of which $5.000.000 Is 4 % cum. pref., the Lake Shore A Mich. Southern subscribing for
$17,000,000 and the Mich. Cent,
for $3,000,000.
BONDS. — Of the $12,009,000 Indiana Ill. A Iowa 4s of 1901. $7,500,000
were Issuable only for new property and Improvements: of these $350,000
were Issued In 1902.
V. 71, p. 1269; V. 72, p. 87, 722; V. 74, p. 1251.
Of
the consol 4s of 1906 $4,850,000 Is reserved to retire the old bonds.
EARNINGS.—For 3 months ending Mar. 31
1906, $621,029.
1907, gross, $733,956; In
year ending Dec. 31.1906, In V. 84, p. 865,
showed: Gross. $2,332,732; net, $480,924; other income, $3 2,249; charges,
and taxes, $251,869; bal., sur.. $258,304. — (V. 84, p. 803,865 )
REPORT.—Report for
Capital
Eenses.
stock.
$50,000.A
y Chicago
Junction
Railways
to call at 105 after 1910.
Bonds are guaranteed, prln. andsubject
lnt.,
Union Stock Yards Co.; they are
Form of guaranty, V. 82. p. 568.— (V. 82,
p.568.)
CHICAGO JUNCTION RAILWAY.—Owns and operates a belt line
around Chicago from Whiting, Ind., to Franklin Park, Ill., from Chappell,
Ill., to U. S. Yards, and In the Union Stock Yards district connects with
Industries and all diverging roads.
Mileage operated (first track only)
76.34 m., of which Chicago Junction Ry. owns 30.42, the balance being
operated under lease, trackage rights and other agreements: total mileage
Including second track yard track and sidings, 284,25 miles.
STOCK.—The entire capital stock. $2,200,000, Is owned by the Chicago
Junction Rys. A Union Stock Yards Co See Industrial Cos.
BONDS. — First mortgage of C. H. A W., for $2,500,000 (trustee, E.
Francis Hyde. N. Y.). assumed. V. 64 p. 287.
EARNINGS. — For year ending Dec. 31 1906, gross, 52,770,299; net. lncludlngotherl ncome, $1,017,301: charges, $820,859; dividends (6%), $132,000; surplus, $64,441.—(V. 78, p. 583; V. 80, p. 649, 711.)
CHICAGO KALAMAZOO A SAGINAW RY.—Owns 55 m.. Pavilion to
Woodbury, Mich.
Acquired In Dec. 1906 by Mich. Cent. (New York Cen¬
tral system), but will be operated independently.
V. 84, p. 50.
Stock,
coin.. $2,000,000; pref., $450,000; outstanding,
$450,000 each: par of
$1
bo.
1st
shares,
The
rnort. is for $225,000 to Union Trust Co. of Detroit
ArE.f 1907.|
RAILWAY STOCKS AND BONDS.
37
38
RAILWAY STOCKS AND BONDS.
RAILROADS.
INTEREST OR DIVIDENDS.
For explanation of column headings, &c., see notes
on
[VOL. LXXX1V.
first page of tables.
Miles
Date
Size, or
of
of
Par
Value.
Road. Bonds.
Chicago Junction RR—1st M $2,327,000 gold red 105c*
Chicago Junction Ry—Chic Ham «Sc W 1st M gold.c* &r
Chicago Milwaukee & St Paul—Com stock (see text)
Preferred stock 7 % yearly, not cum, $124,654,400..
I & D Exten 1st M convertible Into preferred..F.c*
S W Dlv first mortgage Western Union RR
c*
Southern Minnesota Division first mortgage
F.c*
Mineral Point Division first mortgage
F.c*
Heist & Dak Dlv Ext first mortgage $990,000 5s)F.c*
Lacrosse & Dav Division first mortgage
F.c*
Wise Val RR Co 1st M Tomah to Merrill, Wls
c
Wise Val Dlv 1st M sink fd not drawn
NB.c*
Dub Dlv 1st M sinking fund not drawn
NB.c*
Chic & Pac Dlv 1st M (Chic to Klttredge)
F.c*
do
Western Dlv 1st M (see text) gold
F.c*
Chicago & Lake Superior Dlv 1st M gold
F.c*
Wise & Minn Dlv first mortgage gold.
__F
Fargo & Southern first mortgage gold assumed
Chic Mllw & St P Terminal mortgage gold
F.c*
Dakota & Great Southern first mortgage gold____F
Chicago & Missouri River Dlv. first mortgage. _F.c*
General M (for $150,000,000) gold Series A_ U».c* &r
do
do
Series A registered
do
do
Series B
c*
do
do
Series B registered.-.
Milwaukee & Northern 1st M Schwarz to Gr Bay..c*
Consolidated mortgage
c*
Chicago & N. W.—Coin stk $177,604,880 auth
Tr
Preferred stock (not cumulative) see text
Tr
Chic & N W con sink fd M ($12,900,000) not dr.F.c*
Cedar Rapids & Missouri River—1st M 3d Dlv..
Mortgage of 1884 Cedar Rapids to Des Moines Rlv
Madison Exten 1st M g (s f $23,000 not drawn)
F
Menominee Exten 1st M g (s f $20,000 not dr’n) _F
Northw Union 1st M gold Mil to Fond-du-Lac._F
.
_
27.48
1905
1897
1,117
68
230
119
159
77
5,722
5,722
5,722
5,722
126
362
Payable.
&c
100
100
2,500,000
82,911,300
49,747,400
411,000
4,000,000
7,432,000
2,840,000
6,670,000
2,500,000
1,106,500
2,002,000
5,352,000
3,000,000
25,340,000
1,360,000
4,755.000
1,250,000
4,748,000
2,856,000
3,083,000
a24,000,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,0001
1,000/
1,000] all,164,000
1,000/
1,000
2,155,000
1,000 n4.003,000
100
99,618,900
100
22,395.100
4,273
4,273
788
150
122
129
114
62
When
%
$1,800,000
500
1878
1879
1880
1880
1880
1879
1879
1880
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1899
1889
1899
1880
1884
Rate
$1,000
.
335
212
419
133
395
185
107
161
351
120
A mount
Outstanding
1865
1866
1884
1871
1871
1872
1,000
500 &c
500
500
500
&C
&c
&C
12,832,000
2,332,000
769,000
b2,977,500
c2,546.500
d3,365,000
Including June 1906 $2,214,000 of 3Hs and $159, 000 of 4s In treasury and not
Also in sink, fund July, 1906:
b $172,500; c $150, 500; d $135,0 00.
a
M
J
7 In 1906 A
7
A
7
J
6
J
6
J
5
J
5 & 7
J
5
J
7
J
6
J
6
J
6
J
5 g
J
5 g
J
5 g
J
6 g
J
5 g
J
5 g
J
5
J
( 4 g J
4 g
6 g
1
/
l
4 g
3^ g
g
6
6
7 In 1906
8 In 1906
7
7
7
7 g
7 g
7 g
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
•
Where
B o nds—Princi¬
Payable and by
,
pal, When Due.
Stocks—Last
Whom.
Dividend.
S N W Harris & Co, Chic Mar 1 1945
J Central Trust Co, N Y
Jan
1 1927
o N Y Office, 42 Broadway Apr. 20 ’07 3H
do
o
do
Apr. 20 ’07 3H
J
do
do
July l 1908
do
do
J
.July 1 1909
do
do
J
Jan
1 1910
do
do
J
July 1 1910
do
J
do
Jan
1 1910
do
do
J
July 1 1919
J Lee Hlgglnson, Boston
Jan
1 1909
J Office, 42 Broadway
July 1 1920
do
do
J
July 1 1920
do
do
Jan
J
1 1910
do
do
J
Jan
1 1921
do
do
J
July 1 1921
do
do
J
July 1 1921
do
do
J
1 1924
Jan
do
do
J
July 1 1914
do
do
J
Jan
1 1916
&
do
do
J
July 1 1926
do
&
do
J
May 1 1989
do
do
Q—J
May 1 1989
do
do
J
&
J
May 1 1989
do
do
Q—J
May 1 1989
J
&
D
do
do
June 1 1910
&
D
do
do
J
June 1 1913
J
&
J Co.’s Office, 52 Wall.N Y Jan 2 1907 3 U
do
do
Q—J
Apr 1 1907 2 %
do
do
Feb
1 1915
Q—F
M
N
do
do
&
May 1 1916
J
&
D
do
do
June 1 1909
A
&
O
do
do
April 1 1911
D
do
do
J
&
June 1 1911
M
do
&
S
do
June 1 1917
11s ted (see
text).
n
$1,089,000 additional
In treasury.
3
-
as
In
trustee; bonds all In treasury; current accounts Dec. 31 1905, $29,702.
1905, gross, $143,524; net, $39,233; dividends, $31,500.
Pres., H. 13.
1905-06.
Average miles operated June 30...
Ledyard, Detroit; Treas. and Secy., VV. J. Kealey, Kalamazoo, Mich.—
V. 61, p. 1003: V. 84, p. 50.)
CHICAGO MILWAUKEE & ST. PAUL RY.— (See Map of Extension.) —
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—
Miles.
Lines owned (of which 28 miles
.owned Jointly)
...7,015
Road—
Second and third tracks
Miles.
380
Trackage (including 2d track).
.289
HISTORY. &e.- The Milwaukee & St. Paul RR. Co. was organized May
5 1803 and on Keb
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 ratified in Sept.
1893.
The White River Valley RR., with $50,000,000 authorized stock,
authorized to build from Chamberlain, S. Dak., the present western termi¬
nus of the St. Paul, to Rapid City. 219 miles, has
completed 120 miles west
from Chamberlain. S. D.
V. 80. p. 1110: V. 81, p.849, 1492: V. 83, p. 682.
Tiie Pacific extension from western terminus at Glenham, S. J)., to Seat¬
tle and Tacoma, 1.564 miles, is expected to be completed by .Jan. 1 1909,
.
bert Lea to Duluth. Minn., was acquired.
V. 82. p. 1211.
CAPITAL STOCK.—The preferred stock has a prior right over the com¬
mon stock to a dividend of not over 7
% from net earnings In each year, but
If not earned It has no cumulative right.
After payment of 7 % on preferred
and 7 % on common, both classes share pro rata.
The authorized common stock was Increased iti 1902 from $58,183,900 to
$83,183,900 and in Oct. 1906 to $158,183,900.
V. 83, p. 890.
The preferred stock on Dec. 31 1873 was $12,274,483; it was Increased
to $49,747,400 almost entirely by exchange of convertible bonds for
stock,
only about $9,000,000 having been Issued for other purposes (Improve¬
ments, &e.)
In Oct. 1906 the authorized amount was increased by
$75,000,000 to $124,654,400: V. 83. p. 890.
Ill July 1906 only $504,000
bonds exchangeable for preferred stock remained outstanding.
In Aug. 1906 stockholders were oficred the right to subscribe to $25,000,000 common stock at par. Increasing the amount outstanding to
$82,911,300.
V. 83, p. 379, 890.
In Dec. 1906 stockholders were offered
the right to subscribe pro rata for $66,328,500 preferred and $33,164,300
common stock at par, of which 10%
payable Dec. 31 (or In case of non¬
resident holders Jan. 10 1907), 15% June 1 and 20% Dec. 1 1907, 20%
June 1 and 20% Dec. 1 1908, and the remaining 15% Mch. 1 1909.
The
Broceeds
costmiles
of $75,000,000
will provide
the miles,and
estimated500
Pacific
extension,
aboutfor
1,500
of branches,for
andthe
$25,000,oast
000 for contingencies, further branches and equipment.
This will Increase
the amounts outstanding to about $116,000,000 each of
preferred and com¬
mon stock.
The new stock may be Issued on payment of the final Install¬
ment or at such times and In such amounts as the directors
may determine
V .83. p. 1523; V. 84. p. 50. 101.
Dividends since’911 ’92. ’93. ’94. '95. ’96. ’97-’00. ’01. ’02-’06.
1907.
On common. %_
4
4
6
2
2
4
5 y’ly.
7 y’ly. Apr.,3H
On preferred, %J
7
7
7
7
7 y’ly.
7
7
7 y’ly. Apr.,3 Ai
f
BONDS.—Abstracts of some of the older mortgages were published In the
"Chronicle,” V. 45 p. 85, 114. 144.212 and V. 48, p. 830.
Chicago
Pacific Western Division, see Supplement of Jan. 1901.
Terminal 5% bonds of 1884 cover terminal property of several hundred
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 de
scribed) subject to prior liens as below mentioned. The prior Hen bonds can¬
not be extended, but will be paid off at
maturity.
On June 30 1906 the following amounts of general
mortgage bonds had
been Issued or were reserved for the purpose Indicated, viz.;
Amount In the hands of the public
$32,791,000
In treasury of the company (unsold) see below*
2.988.000
acres
Total reported by the company as outstanding
$35,779,000
Reserved for prior liens
86.272,500
Available or eventually to become available for Improve-!
merits, there being Included in this amount the bonds orlgl-)
27,948.500
nally reserved for prior liens, which have since been!
converted Into preferred and common stock
J
Total authorized.
‘
-$150,000,000
•Of the bonds In the treasury June 30 1905, $2,450,000 was sold in
V. 82. p. 1437, 1496.
1905-06.
GENERAL FINANCES, fee.—Capitalization per mile of road June 30
1906; Stock. $15,310: bonds. $17,299' interest charge. $839.
As to Pacific extension see " History” above.
In 1906 the Union Pacific system (Oregon Short Line)
acquired $3,690,000
Stock ami subscribed for $2,767,500 new stock.
V. 84, p. 572.
In Aug. 1906 stockholders were offered tin* right to subscribe to
$25,000,000 common stock ami in Dec. 1906 to $66,328,000 preferred and $33.164,300 common stock at par. with installments pa yah e to March 1909.
See STOCK above.
Av erage freignt train-load in 1905-06 was 282 tons; rate
per ton per mile.
0.862c.; in 1904-05, train-load 264 tons; rate per ton per mile. 0.8.x lc.
ANNUAL REPORT.—Fiscal year ends June 30.
Annual meeting is
held in Sept.
Report for 1905 00 was given in V. 83, p. 683; also editorial,
p. 656.
In 1905-06, of 20.201.941 tons of freight carried, grain furnished
20%:
other agricultural products. 2%: coal and coke, 16%;
other forest products, 9%: and miscellaneous. 45%.
lumber
$11,123,545
40,187,710
4,111,798
$10,126,958
35,968,947
3,788,209
$55,423,053
Maintenance of way
$5,955,432
Maintenance cars and engines
5,598,046
Transportation, gen. expenses, &c_ 19,699,381
$49,884,114
$5,336,626
,
Mail, express, &c., earnings
8%;
Balance for dividends
Dividend on common, 7%
Dividend on preferred, 7%
1,190,907
$36,444,331
.$18,978,722
258,359
$32,294,040
$31,876,590
$17-590,073
230,798
$16,453,745
316,431
$19,237,081
$5,913,850
2,540,467
$17,820,871
$5,962,045
$16,770,176
$6,051,775
$10,782,764
$4,072,872
3,472,868
$1 1.858.826
$4,072,873
3,433,878
$10,718,401
$1,072,873
3.368,358
.
.
.
3,586,942
$48,330,335
619,960
1,243,079
Additions to property.
Total net income
Interest on debt
New equipment
$9,661,633
35,081.759
$5,128,249
4,651.783
18,597,343
1,600,732
1,730,729
1,511,758
712,331
1,236,654
Other income.
1903-04.
6,829
5,181,586
18,280,457
1,632,333
.
construction having commenced at Pacific Coast and contract let for 800
m. from Glenham, S. D., west.
See V. 84, p. 219; also V. 81, p. 1609
1664; V. 83, p. 94, 686, 1469.
in May 1906 the Montana HR., Lombard to
Lewiston. Mont., 157 miles, and branch. 6 miles, was acquired, and will
form part of the Pacific Coast extension, contract being awarded for a 160mile section of new’ line from Forsyth to Harlowtown, Mont.
V. 82, p. 1211.
In Apr. 1906 the Duluth St. Cloud Glencoe «Sc Mankato, projected from Al¬
1904-05.
6,908
6,961
707,575
/ $3,237,025
$4,352,075
$3,277,181
OFFICERS.—Chairman, Roswell Miller, 42 Broadway, New York; Pres.,
Albert J. Earling, Chicago: Treas., F G. Ranney. Chicago; Gen. Mgr., W. J.
Underwood; Sec., E. W. Adams, Milwaukee.
Directors—Roswell Miller, New York; A. J. Earling, Chicago: Frederick
Layton, Milwaukee; J. Ogden Armour, Chicago; Frank S. Bond, Joseph Milbank, William Rockefeller, Peter Geddes, John A Stewart, Samuel Spencer
Herman S. Leroy, Charles W. Harkness. Henry H. Rogers, New York.
New York office, 42 Broadway.—(V. 84, p. 219, 569.)
CHICAGO & NORTH WESTERN RY.— (See Map.) —Operates an Im¬
portant system of roads uniting Chicago, III., with Omaha. Neb., St. Paul
Minn., with tlie great wheat belts of Dakota, Nebraska, &c., and with the
mining regions of Michigan and the Black Hills, Including—
Road owned in fee—
Miles.
Miles.
Main lines, &c
38
7,336’Sundry trackage
Entire stock owned—
Princeton & Western
St. Paul Eastern Grand Trunk
(leased)
De Pue Land & East, (leased).
16
Total
2d track
July 1 1906
7,453
804
60
Laroe interest owned—
3 Chicago St. Paul Minneapolis &
Omaha
1,697
HISTORY, &c.—A Vanderbilt line (V. 75, p. 1086) organized In 1859
capital stock oUthe Fremont Elkhorn & Missouri Valley
was acquired, and In Feb
1903 the road was absorbed.
Its securities, ex¬
cept those held by Chic. & N. W., are in table above.
V. 75 p. 514, 516.
On June 30 1901 purchased Sioux City & Pacific RR.
V 72, p. 721, 1236;
In July 1884 the
V. 73. d. 444; V. 75. p. 446.
In 1900-05 various proprietary roads were purchased.
V. 71. p. 291.294;
V. 73. p. 294, 1010; V. 75, p. 446; V. 81, p. 840.
In July 1906 extensions
aggregating 504 miles were under construction, of which 311 miles were
completed In 1906 and 193 during fiscal year 1906-07.
V. 83, p. 567.
CAPITAL STOCK.—Of the common stock. $2,334,003, and of the pre¬
ferred $3,835 remained In company’s treasury.In July 1906. Pref. stock has a
prior right to 7 %; then common 7 %; then preferred 3 %; then common 3 %;
then both classes share.
In 1903 the authorized common stock was in¬
creased from $41,448,366 to $77,601,045, and in Oct. 1906 to $177,604,800
(making the entire stock $200,000,000),
Stockholders In Feb. 1907 sub¬
scribed for $24,401,600 common stock at par, raising the amount outstand¬
ing to $99,618,900.
In 1906 the Union Pacific system (Oregon Short Line)
acquired $2,572,000 stock.
V. 84, p. 572; V. 75, p. 1085, 1146; V. 77,
p. 576; V. 83. p. 379, 817, 1098; V. 84, p. 157.
The consolidated sinking fund bonds of 1915 have voting power.
DIV.—1’86 to ’93. ’94. ’95. ’96 to ’99. ’00. ’01. ’02 to ’05. ’06. 1907.
Com __}• 6 yearly.
3
5 yearly.
4
6
6
7 yearly.
7 Jan,3>$
Pref—J
—7 yearly
8 yearly
In 1902, on common, Jan., 3%: July, 3% and 1 % extra; In 1903 to Jan.
1907, 7 % (paid J&J);
On pf.. Jan., 1 H %; Apr., 1 H %; July, 134 % and
1 % extra: Oct., 2%; in 1903 to Jan. 1907 Incl., 8% (paid Q.-J.). The extra
dlvs. of 1 % each on the stocks In July ’02 Increased the rate for the fiscal yr.
’01-’02 to 7 and 8 % on the com. and pref. stocks respectively. V. 74, p.l 194.
BONDS.—General 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 for addi¬
tions and Improvements, $4,000,000 at once and $1,000,000 a year there¬
V. 65. p. 1070.
after.
V. 65. p. 69. 111. 571; V. 75. p. 980.
The sinking fund bonds of 187!) are secured by deposit In trust of $15,000.000 of 1st M. bonds at $15,000 per mile on subsidiary lines, the most import¬
ant being described in "Supplement” of May 1894.
Of the sinking fund
bonds of 1879 $5,4 88,000 are 6s; the sinking fund is at least 1 % of out¬
standing bonds, which are subject to call at 105. and through Its operation
the amt.outstanding 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 per
year, if they can be redeemed at 105.
See description of all the debentures
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 520,000 per mile.
Included in the collateral
July 1 1906 were $10,675,000 Fremont Elk Horn & Mo. Valley lsts and
$2,560,000 Wyoming Central lsts (consolidated with F. E. & M. V.), &c.
Sec F. E. & M. V. bonds below.
The Fremont Elkhorn cfc Missouri Valley consols have a first lien on 1,170
miles (Fremont, Neb., to Deadwood, D. T., 557 miles, and branches to
Hastings, Albion, &e.. 613 miles) but besides the amount of Issue given as
can.
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-CHICAGO, MILWAUKEE
NM
iiw
r\~Qll'L0
& ST. PAUL RAILWAY.
PACIFIC
COAST
EXTENSION.
I
L/-L
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t£i
MAP OF THE
\Salt La
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T* >
«.
r
Chicago, Milwaukee
& St. Paul Railway.
40
RAILWAY STOCKS AND BONDS
RAILROADS.
Miles
Date
of
of
Road. Bonds.
For explanation of column headings, Ac., see notes
on
first page of tables.
Chicago & North Western
139
.184
In addition
sinking fund July 1906 held: a $58,000
$694,000 (and $10,201,000 on hand); n $160,000;
1867
1871
1878
1878
1882
1882
1884
1885
1881
1884
1885
1889
1881
1892
1879
1891
1884
1891
1886
1897
1897
24
71
125
64
76
413
82
40
693
40
1,041
90
119
26
56
105
85
125
33
_
1898
1899
1899
1900
1901
1901
1901
1900
f $5 21,000
:
o
$74 ,000;
$1,000
100
EARNINGS. —For 8 months ending Feb.
1906-07, against $42,370,548 in 1905.
Statement for calendar
28;
Years ending June 30—
Passenger earnings
Freight..
Mail, express, &c
Gross, $46,006,992 In
1904-05.
7,408
7,429
1903-04.
7,404
1902-03.
6,457
3,052.387
2,666,137
$14,441,415 $13,339,714 $13,027,708 $12,161,997
45,802,853
39,292,830
37,254,539
35,811.008
3,237,310
3,112,731
$21,265,302 $17,095,963 $10,107,525 $16,787,470
Years ending June 30
Year ending
1906.
1905.
1904.
Mag 31 ’03.
Total net receipts.
$22,871,382 $18,631,798 $17,596,760 $18,095,548
Interest on debt
7,845.329
7,988,976
7,971,518
7,475,970
Sinking fund, &c
225,500
225,000
225,500
230,316
Dividend on common
(7)4,092,313 (7)3,383,324 (7)3,383,324 (7)3,060,414
Dividend on preferred .(8)1.791 ,000 (8)
1.791.600 (8) 1.791,600 (8) 1.791,600
Real estate, const., &c._
6,000,000
4,600,010
4,000.000
5,013,418
a$2,316.640
$642,898
$224,818
$523,830
In addition there were net
receipts from lands In 1905-00 of
Ha 1904-05 of $295,442; In 1903-04 of
a
$307,514;
$1,174,760; In 1902-03, $722,908.
OFFICERS.—Pres., Marvin Hughltt, Chicago; Vlce-Pres.
and Sec., E. E.
Osborn, 52 Wall St., New York; 2d Vlce-Pres., M. M.
Klrkman, Chicago;
Treas. and Asst. Sec., R. H. Williams. New York.
Directors.—W. K. Vanderbilt, F. W.
Vanderbilt, H. McK. Twombly,
Samuel F. Barger, Chauncey M.
Depew, James Stillman, James C. Fargo,
-Frank Work, N. Y.; Marvin
Hughltt, Byron L. Smith, Cyrus H. Me
Cormlck Chauncey Keep, Albert Keep,
Chicago; H. C. Frick, Pittsburgh,
Pa.; David P. Kimball, Oliver Ames. Boston;
Zenas Crane, Dalton,
Mass.—(V. 83, p. 1037, 1098; V. 84, p. 50, 157, 270,
390, 569.)
CHICAGO PEORIA & ST. LOUIS RY.—ROAD.—
Owns from Pekin to
Granite City, Ill., 180 miles; Madison to
Bridge Jet., 3 m.; Havana to Jack¬
sonville, Ill., 42 m.; branch, Lockhaven to Grafton. 8
m.; total owned,
233 m.; trackage, Pekin to Peoria, 10
m.; Granite City, Ill., to Merchants’
Jet., 3 m.; In Springfield, 1 Vi m.; Madison, Ill., to
St. Louis Station, 7Vi m.;
total, 255 miles.
Reorganization of Chicago Peoria & St. L. RR. and St. L.
Chic. & St.
Paul Rv.. sold In foreclosure Jan. 8
1900. per plan In Vol. 68. p. 722.
The July 1906 coupon on the consols
was paid Dec. 1906.
The Jan. 1907
coupon was deferred.
V. 83, p. 1523; V. 84,
p. 505.
F. J. LIsman & Co.
requested bondholders to communicate with them, with a view to
protecting
their Interests.
V. 83, p. 36.
BONDS.—Of the $2,000,000 prior lien 4Vis,
$275,000
are reserved for
future extensions,
improvements, &e. Stock, common, $3,600,000;
pre¬
ferred. $3,750,000.
EARNINGS.—For 6 months ending Dec. 31:
Cal. Year—
1900
1905
Gross.
Net.
$902,389
882,121
Interest.
$171,073
Taxes.
$93,222
$24,000
111,398
Bal.. sur.
$53,851
REPORT for year to June 30
1906 was In V. 84. p. 505,
showing: Gross,
$1,670,072; net, $139,032; other Income, $15,500;
interest and taxes,
$282,805; balance, deficit. $78,273.
Pres..fCharles E. Kimball (resigned)
Sec. and Asst. Treas., H. W.
Berger, Springfield, 111.; Treas. and Asst. See.,
C. M. Gleason. New York.—(V.
83, p. 1523; V. 84, p. 505).
CHICAGO ROCK ISLAND & PACIFIC
RAILROAD.—'Incorporated In
Iowa on July 31 1902 as an
operating company, per pLan V. 75. p. 239,
over The Chic. R. I. & Pac.
Railway.
The entire capital stock
t$145,000,000) Is owned by The Rock Island
(holding) Company.
BONDS.—The collateral trust 4s of 1902 (authorized
Issue $75,000,000)
are secured by a pledge with the
trustee of an equal amount of the
stock of
the C. R. I. & P. Railway as
acquired.
In July 1906 $69,938,400 of the
$74,847,600 Railway stock had been acquired.
In 1906 $17,342,580 of an
authorized Issue of $18,500,000
collateral trust 5s of 1913 had been Issued
with Rock Island Co. stock In
payment for $28,904,300 of the
$29,000,000
St. Louis & San Francisco com. stock.
V. 76, p. 1406.
Report for year
ending June 30 1906, was In V. 83, p. 1094,
showing:
Total
Income.
$4,390,612; expenses, $1,817; Int. on bonds.
$3,664,441; fldlvs. to
Rock
Island Co., $500,000; bal., sur. for
year, $224,354.—(V. 83, p. 1094.)
CHICAGO ROCK ISLAND & PACIFIC
RY.—(See Map Rock Island Co.,
•apes 116 and 117.)—The system extends from
Ill., via Omaha,
Neb., to Denver and Colorado Springs, Col., andChicago,
via Kansas City, Mo., to
Santa Rosa, New Mex.. there
connecting with the lines of the New Mexico
Ry. and Coal Co. and forming with them and the
Southern Pacific a through
line to the Pacific Coast; also from
Tucumcarl, N. M., to Memphis, Tenn.,
and to Fort Worth, Tex., on the
south, and on the north to Minneapolis,
lilnn., and Watertown. S. Dak., with numerous
branches, viz. (see V. 75.
p. 1156; V. 76. p. 731:
to take
%
Payable.
$1,592,000
k4,038,500
5
(
1
(and $10 ,000 on han d);
p all In
sinking fun d.
$03,481,578 $55,745,275 $53,334,034 $50,639,142
Oper. exp. and taxes.42,216,276
38,049,312
37,227,109
33,851,072
Balance, surplus
Outstanding
1,000 &c
1,440,000
1,000 &c
1,904,000
1,000
p416,000
1,000 &c NoneJan’07
1,000 <Sec nl,940,000
1,000 &c
2,125,000
1,000 &c o3,926,000
1,000
528,000
Total earnings
Net earnings
When
2,000,000
1,600,000
1,500,000
5,000,000
1,281,000
1,000,000
4,148,000
500,000
400,000
12,050,000
9,800,000
15,369,000
*9,819,000
hl7 489,000
M19965,000
1,000 (Sec
1000 &c\
1000 &cj
year was In V.
1905-06.
&c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 &c
1,000 &e
1,000 &c
1,000 &c
Net.
Average miles operated.
Rate
al,007,000
84, p. 246, showing;
Charges (net). Dividends.
Bal., Sur.
$66,437,599
$21,377,714
$6,127,076
$7,053,346
$8,197,292
59,066,556
18,671,501.
6,345,494
5,546,232
6,779,775
ANNUAL REPORT.—Fiscal year ends June 30.
The annual meeting
Is held the third Thursday In October.
The report for 1905-06 was given
at length In V. 83, p. 559, 565.
Gross.
Amount
250,000
200,000
outstanding In the table $10,075,000 (along with $2,560,000
Wyoming
Central firsts, A. F. E. & M. V. Issue) are held as
part collatefal for Chicago
& North Western extension bonds of 1880.
GENERAL FINANCES.—Stockholders In Feb. 1908
subscribed for
$9,226,110, In July 1905 for $10,009,200, In May 1900 for $10,267,400 and
in Feb. 1907 for $24,101,090 common stock
at par, the proceeds to be used
for Improvements,
V. 82, p. 452; V. 83, p. 379, 817, 1098.
equipment, &c.
New terminals In Chicago to cost
$20,000,000.
V. 83, p. 890, 1030; V. 84,
p. 157.
Year.
1906
1995
INTEREST OR DIVIDENDS.
or
Par
Value.
Where Payable
Whom.
,
Bonds—Princi¬
pal, When Due
Stocks—Last
and by
Dividend
(Continued)
Winona & St Peter 2d mortgage (now first) assumed
First mortgage ext gold land grant 8 f assumedF c*
Plalnvlew RR and Minn Valley first
mortgages
Roch & Nor Minn first mortgage guar (assumed)..
Dak C 1st M guar (Watertown to Redfield S
D)._F
Dak C 1st M on Southeast Dlv
(to Hawarden) gu.Un
Ottum C F & St P 1st M ($25,000
p m) guar__Un.c*
Nor Ill 1st M ($20,000 per mile) assumed
Un.c*
Mllw Lake Shore & W consol M (now 1st)
gold.Ce.c*
Michigan Dlv 1st M (for $3,000,000) gold.-Ce.c*
Ashland Division first mortgage gold
Ce.c*
Ext & Imp M for $5,000,000 g s f not drawn .Ce.c*
Income bonds (not cumulative) no coupons
r
Marsh Ext 1st M $600,000 ($15,000
per mJ.Un.c*
C & N W s f bonds of ’79 ($15,000 p m)red at 105 Fcr
Sinking fund debentures 1933
Un.c'&r
25-year debentures
Un.c*&r
Chicago & North Western 30-year deben. Un.c* &r
Extension 4s $20,000,000 ($20,000 p m)_. Un.c&r
General gold bond M $165,000,000
Us.c*&r
do
do
registered
!_
Branch Line Bonds Assumed.
Boyer Valley Ry 1st M g $16,000 per mIle__F.c*&r
Minn & la Ry 1st M gold $16,000
per mile. F.c* &r
Mankato & New Ulm 1st M gold $416,000._F.c*&r
Southern Iowa first mortgage $1,120,000 g._F.c*&r
Princeton & Northw 1st M $2,100,000 gold-.F.c&r
Peoria & Northwest 1st M $2,125,000
gold_F.c&r
Sioux City & Pacific 1st M gold $4,000.000..
F.c&r
Minn & So Dakota 1st M gold
$528,000
F.c*
m
Size,
| VOL. LXXXIV
7
7 g
7
7
6
6
5
5
6 g
6 g
6 g
5 S
6
5
& 6
5
5
5
4
3 Vi g
H Vi g
M
&
M
&
M
&
M
&
M
&
M
&
J
&
M
&
F
&
M
&
A
&
A
&
M
&
M
&
A 15 &
F 15 &
M
&
Q —F
S
S
N
S
S
N
J
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A
N
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O
A
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3Vi e
3 Vi g
3 Vi g
3H S
3 Vi g
3H £
3 Vi g
3 Vi S
J
J
A
M
J
M
F
J
D
D
O
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N Co’s
D
&
&
Seml-an
&
&
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51 81,000;
-
h
Office, 52 Wall St Nov
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
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do
do
do
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do
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$1,143,000;
k
1
1
Dec
1908
Sept
Sept
Nov
Mar
Mar
May
July
Mar
Feb
May
Oct
Oct
May
Nov
1907
1916
1
1
1
1908
1907
1907
l 1909
1 1910
1 1921
1 1924
1 1925
1 1929
1 1911
1 1922
1 1929
1 1933
1 1909
April 15 1921
Aug 15 1926
Nov
Nov
1
1
1987
1987
Dec
1
June 1
1
Oct
Sept 1
1
Jan
Mar
1
1923
1924
1929
1925
1926
1926
1036
1935
Aug
l
Jan
1
$202,50 0;
Mileage owned—
Miles.
Mileage leased—Miles
Chic., 111., to Color. Sp’gs, Col_l,064 Keokuk & Des Moines*
162
Davenport, la., to Terral, I. T_ * 712 Peoria & Bureau Valley*
47
Herrington, Kan., to Texhoma,
White & Black River Valley*__
62
O.
T
Burl’gt’n, la.,to MInn’ap.,Minn
Vinton, la., to Watert’n, S. D_
Branch lines
323
308
376
Little Rock
&
Hot Springs
Western*
Rock lsl. Ark. & Louisiana.
^..
2,139
23
160
454
4,921 Trackage to St. Louis, Donver,
owned—
Pueblo, &c
560
Choc. Okla. & Gulf (leased)999 Other lines
under construction.
282
Chic. R. I. & El Paso
112
Chic. R. I. & Gulf
471 Total mileage oper. and under
St. Louis K. C. & Col.
299
construction June 30 1906
8,098
Capital stock all
1,881
•See these companies.
Branch from Little Rock, Ark., southeast to
Crossett. with
Eldorado, 144 miles, was completed Jan. 1907 under charter of branch to
R. 1. Ark.
& Louisiana RR.,
connecting with the line from Eldorado, Ark., to Wlnnfield, La., 100 m., acquired In Sept. 1905: extension
being built from Wlnnfield to Alexandria. La.,
44*^ ni.; also from Alexandria to Eunice, Ala.,
at a connection with St. Louis & .San
Fran. line, now building.
The road
Is leased for 999 years.
The charter permits the construction of a
through
line from Little Rock to New Orleans.
SeeV. 81, p. 1551; V. 82. p. 99, 870,
and bonds below; also Rock Island Co.
The Rock Island interests In April 1906
acquired a half Interest in the
a line from Cleburne to
Houston, Tex.,
miles, with branch to Waxahachle, 70 miles, and
trackage rights from
Cleburne to Fort Smith, Waxahachle, to Dallas
and Houston to Galveston.
V. 82. p. 870.
Trinity & Brazos Valley Ry., owning
236
HISTORY.—A consolidation June 2 1880 with
$50,000,000 stock.
In Oct. 1906 $69,938,400 of the
$74,847,600 capital stock had been de¬
posited per plan V. 75, p. 239, each $100 stock
being exchanged for the fol¬
lowing securities:
$100 In 100-year 4% gold bonds of the Chic. R.
I. &
Pac. Railroad (of Iowa) and $70
preferred and $100 common stock of the
“Rock Island Company’’ (of New
Jersey), which owns the entire capital
stock of the Railroad company.
See statements for those companies.
The Union Pacific Interests,
Jointly with the Ch. R. I. & Pac., control
the Chicago & Alton Ry., the C. R. I .& P.
owning $14,320,000 com. and
$4,870,000 pref. stock.
V. 79. p. 1462,2206; V. 80, p.
472; V. 81, p. 1258.
In 1902 most of the stock of the
Burlington Cedar Rapids & Nor. and
Rock lsl. & Peoria was acquired, and their
roads leased from June 1 and
subsequently deeded to the C. R. I. & P.
V. 74, p. 1194, 1250.
Owns
control of Dering Coal Co. and entire stock of
Consolidated Indiana Coal
Co. guaranteeing Int. on latter’s
bonds. V. 82, p. 452; V. 80. p. 2401, 2032
DIVID’S
\’95. '96. ’97. ’98. ’99 to ’02. ’03. ’04. ’05. ’06.
1907.
since’93, p.c.J 2
2
2 Vi 4 Vi
5 yearly.. 7 Vi 3Vi 6 Vi
6 Ine.Aor 2 Vi
In 1906 Jan., 1 Vi % from
earnings of five mos., April, 1 Vi %; July, 1 %;
Oct.. 2%; In 1907, Jan., 1 %; April. 1 Vi %.
Special distributions to stockholders, Including $1 63
per share June 17
1905, see V. 80. p. 2398.
BOxNDS.—Of the general 4s of 1898 those unissued are
available as fol¬
lows; $25,900,000 at not over $1,000,000
per annum for permanent Im¬
provements and additions. Including equipment, and
$12,500,000
to retire
the first 6s of 1917.
Mortgage, Abstract In V. 66, p. 522; V. 78. p. 228;
V. 80, p. 472.
The collateral trust gold 4s of 1902
($24,000,000 authorized) are secured
by deposit of all the stock of the Choctaw Oklahoma &
Gulf RR. (see that
company.)
V. 74, p. 775, 829, 936, 1356.
The refunding 4% bonds of 1904
($163,000,000 authorized Issue) are a
first lien (either directly or through
pledge of the entire Issues of bonds of
the companies owning the same) on terminal
property In St. Paul, Minne¬
apolis and St. Louis, new equipment, and shops at Moline.
111., and on rail¬
way lines aggregating 1,148 miles; also a junior lien
subject to existing
mortgages on all the other lines of the system of the Railway
ag¬
gregating, exclusive of leased lines and trackage, 5,655 miles. company,
See General
Finances below: also “Chronicle” of Jan. 28 1905: and
full statement In
V. 78. p. 228, 234; V. 79, p. 1716,
2206; V. 84, p. 219.
They are Issuable
as follows:
Issuable forthwith (compare “General
Finances” below)
.$16,000,000
Issued or Issuable to an amount equal to the value
of bonds so
Issued, to acquire property,
Including
stocks and bonds
25.000,000
Reserved to retire at or before
maturity all bonds of the railway
system falling due within the next 30 years
(none of such
underlying bonds to be extended). also to acquire $25,900,000
general 4s of 1898, Issuable for Improvements, viz.;
Bonds to Be Taken Up—
Chicago Rock Island & Pacific Ry. gen. mort. 4s
hereafter to be Issued, viz.:
(a) To retire at maturity 1st 6s of 1917
..$12,500,000
(b) At not exceeding $1,000,000 per year for ad¬
ditions and Improvements
Burlington Cedar Rapids & Northern Ry. Co. cons. 25,900,000
5s, Issued or hereafter to be Issued to retire:
(a) B. C. R. & N. Ry. 1st mortgage
5s of 1906
6,500,000
(b) Ced.Rap. Ia. Falls & N. 1st mort. 5s of
1921.
1,905,000
Choctaw Oklahoma & Gulf RR. (see that Co.)
con¬
sol. 5s, hereafter to be Issued to retire
$5,500,000
C. O. & G. RR. general mort. 5s of 1919
5,500,000
Chicago Rock Island & Pac. Ry. gold 4s of 1902
(Choctaw Oklahoma & Gulf stock collateral)
22,410,000
6 % notes of D. R.
Francis, etc., paid Jan. 1 1905__
4,500,000
Rock Island & Peo. Ry.Co. consol, mort. 6s of
1925
450,000
Choc. Okla. & Gulf RR. equip, trust
certificates
2,360,000
82,025,000
Reserved to provide 75 % of purchase
of
securities of
price
other companies hereafter
acquired.
;
13,500,004
Reserved to be Issued at not over $2,500,000
yearly from Jan. 1
1904 for future Improvements and
equipment
27,475 000
BONDS
RSAATILOWNCKDY
1A9p0r7-.|
4*2
RAILWAY STOCKS AND BONDS.
RAILROADS.
For
INTEREST OR DIVIDENDS.
explanation of column headings, Ac.,
on first page of tables.
see
M lies
Date
of
of
notes
Road. Bonds.
Size,
Par
Value.
195
1,170
230
Chicago Peoria & St L—Pr lien M g call at 107 L£ -Ta.c*
Consol M $2,000,900 gold call at 105
230
Col.c*
Income M gold (text) non-cum call at par
230
EC
Chic R I & Pac RR—Col tr M $75,000.000 ._Ce.c* Ar
Collateral trust M $18,500,000 gold red 102 La _.Ce.c*
Chicago Rock Isi & Pacific Ry—Stock ($75,000,000)
1st M Chic, Ill, to Council Bluffs A branches.. Us.c*
764
General mortgage $100,000,000 gold.Ba
_c* Ar 3,260
Collat tr M g Ser F to P due yearly red 101 LS. .Ce.c*
Ref M $163,000,000 gold red 105 to 1911 ..Ce.c* Ar Text.
Notes secured by $11,250,000 ref bonds, red at 102
Gold coup notes red sec by R T Ark & L bonds..Ba
Chic & R I Elev M gold guar p & I redeem at par..c*
Consol Ind Coal 1st M g Int gu red 110 s f_G_c*Ar
Burl C R & Northern—
C Rap I F & N W cons 1st M gold guar
292
Ce.c
B C R A Nor cons 1st M &collat trust gold.Ce.c* Ar
1,291
12
Minneapolis & St Louis 1st M gold (assumed) ..Ce
Rock Island & Peoria con 1st M (V.75,p.30)
Mp
Choc O & G general (now 1st) M $5,500,000 g
c*
Choc & Mem 1st M $3,750,000 assumed
GP.cAr
L Rock Bridge 1st M assumed gold red (text) GPc*
Consol M (see text) $30,000,000 gold
GP.c*
Car trusts Series B due semi-annually.
GP
Car trust Series C April yearly beginning 1903 GP
Rock Isi Ark & Louis 1st M $15,000,000 gold
Ba
Rock Island-’Frlsco Term 1st M g guar jointly._c*
Equipment notes, due $325,000 seml-an
Ba
Chicago St Louis A New Orleans—See Illinois Central
Chicago St Paul Minn A Omaha—Common stock
Preferred stock non-cum Including scrip (see text)
St Paul Stillwater A Taylors’ Falls first mortgage..c
Hudson & River Falls 1st M Hudson to River Falls.c
Ch St P & Minn 1st M gold Elroy to L St C ass’d_.c*
St P & Sioux City 1st M gold $10,000 per mile..Ce.c
Nor Wls 1st M Lake St C to near Spooner, ass’d Ce.c*
ISLAND
PACIFIC
A
pal, When Due.
Amount
Rate
When
Outstanding
%
Payable.
Where Payable, and by
Whom.
Stocks—Last
Dividend.
*■
Iowa Minnesota & Northwestern 1st M gold_F.c*Ar
Frem Elk & M V cons M $25,000 per mile assumed
ROCK
lxxsiv.
Bonds—Princi¬
or
Chicago & North Western—(Concluded)
CHICAGO
[Vol.
RY.
113
378
282
1,018
-
•
1900
1883
1900
1900
1900
1902
1903
-
-
-
1898
1902
1904
1904
1906
1904
1905
1881
1884
1877
1885
1894
1899
1899
1902
1901
1902
1906
1907
1907
•
21
12
177
607
80
1,000
1,000
1,000
1,000
1,000 Ac
1,000
100
-
1877
_
81.000&C
_
1878
1878
1878
1879
1880
1,000 Ac
1,000 Ac
1,000
1,000 Ac
i
.666
1,000
1,000
1,000
1,000 Ac
500
5,000
1,000
1,000
1,000
1,000
1,000
1,000
$3,900,000
J
A
3He J
6
7,725,000
A
A
O
1,725,000
s
4H g M A
5 g
2,000,000
J
A
J
2,000,000 Up to 5 % when
4 g
M
70.067,000
A
N
5 g
17,395,280
M
A
s
74,849,500 See text.
Quar
6
J
12,500,000
J
A
4 g
61,581,000
J
A
J
4 g
M
N
16,434,000
A
4 g
54,342,000
A
O
A
J
7,500,000
A
J
4LS
A
A
o
6,000.000
4L5 g
5 g
950,000
A
A
o
5 g
2,773,000
J
D
A
1,905,000
11,000,000
150,000
450,000
5,500,000
3,525,000
295,000
5,411,000
225,000
660,000
See text.
1,000
1,000
100
100
500 Ac
500 Ac
500 Ac
1,000
1,000
(Concluded).
As to Chic. R. I. A Pac. Elevator mtge., see V. 79, p. 2590: V.82,
p.750.
As to Consol. Indiana Coal 5s. Interest guar.. see V. 80. p. 2401. 2e23;
form of guaranty, V. 82, p. 1499.
Rock Island-Frlsco Terminal Ry. 5s,
guaranteed jointly, V. 84, p. 569, 748.
In April 1906 $6,000,000 of 4 L£ % notes were sold, secured by deposit of
$7,500,000 Rock Island Ark. A La. 1st 4s, the latter being a lien on 257
miles of road and equipment.
See above and V. 82, p. 803, 101.
GENERAL FINANCES.—In Dec. 1904 $33,904,000 first and refunding
4s had been Issued, of which $25,558,000 were sold to pay for capital ex¬
penditures theretofore made. Including purchase of $18,790,000 Chicago A
Alton stock and for obligations maturing In 1905.
In April 1905 $7,000,000
additional was sold, of which $3,846,000 for Improvements and balance
account redemption of Scullln and Francis notes, and In Jan. 1906 $11,784,000, of which $7,534,000 for Improvements and equipment and balance to
retire underlying bonds: in July 1906 $5.970.non for equipment and under
lying bonds; In Dec. $10,000,000. of which $5,900,000 for equipment and
$2,500,000 for Improvements.
V. 80, p. 1423; V. 82, p. 280, 750; V. 84,
3,000,000
6,250.000
5
5
7
6
5
5
6
5
5
A
A
J
J
J
g
J
g
J
g
M
g
F
g
4H g A
4 g
,T
5 g
J
F
4V2
g
g
g
18,558,953 7 In 1906
11,259,911 7 In 1906
7
334,800
125,000
8
6 g
1,539,000
6 g
6,070,000
6
641.000
F
F
J
J
M
A
J
Co’sOffice,52 Wall St,NY Jan
do
do
do
do
Jan ’07 cp notpdwhdue
earned
First Nat Bank. N Y
do
do
Office, 115 B’way, N Y
First National Bk. N Y
do
do
do
do
do
do
do
do
N Y, Speyer A Co
First Tr A Sav Bk, Chic
O First Nat Bk, New York
O
do
do
D
do
do
J
do
do
J
do
do
J
do
do
J Philadelphia
N First National Bk, N Y
A Girard Trust Co, Phlla
O
do
do
A
A
A Office, 52 Wall St, N Y
A
do
do
J
do
do
J
do
do
N
do
do
O
do
do
J
do
do
A
July
July
Nov
Sept
Apr
July
Jan
*
J
J New
A
York and
1
l
1
1935
1933
1930
1 1930
1 1930
l 2002
1 1913
l ’07 i
1 1917
1 1988
y2
May 1908-1918
April 1
July 1
April 1
Oct
Guaranty Trust Co, N Y June
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Oct
Mar
Oct
1
1
1934
1907
1908
1924
1935
1
1921
April 1 1934
June 1
July
.Oct
Jan
1
1
1
1
1
1927
1925
1919
1949
1919
1952
1
1
1956
1927
July
May
To Aug 1908
April 1908-1910
[Jan
St Louis Jan
Aug ’07 -Feb ’17
Feb 20 1907 3 ^
Feb 20 1907 3 U
1 1908
Jan
July 1 1908
1
1918
May
April 1 1919
Jan
1 1930
Co., which Jan. 1907 sold entire telephone equipment to syndicate repre¬
senting Chicago A Western Telephone Co. for $1,500,000, and agreed to In¬
crease system to 20,000
telephones In 1907 and add 10,000 yearly until 100,000 are In use; also to pay annual rental of $5 for each
telephone In service.
V. 83. p. 1018; V. 84, p. 220, 341. Also owns entire stock Chic. Warehouse &
Terminal Co. V. 79, p. 2794, 2588. 2455, 501; V. 78, p. 820; V. 80, p. 163,
600.
Government mall contract, V. 80, p. 1110; V. 81, p. 613; V. 83, p.
212.
Tax decision, V. 82, p. 1040.
Stock authorized, $50,000,000, of which $10,000,000 to remain In the
treasury: par of shares, $100.
Bonds, see table above.
V. 80, p. 163.
The $5,500,000 loan obtained for construction work secured by $7,000,000
Illinois Tunnel 5s, not Included In the $17,000,000 outstanding as above,
will mature Dec. 1907.
V. 82, p. 927; V. 83, p. 817.
Gross earns. 1906
(partial operation only), $221,176;
V. 84, p. 162.
Directors of Illinois
Tunnel Co. now Include presidents of St. Paul, Atchison, Rock Island,
Alton. Erie. C. B. & Q-, Union Pacific. &c.
V. 79. p. 2796.
Pres., A. G.
Wheeler.—(V. 83, p. 1098; V. 84, p. 220.)
CHICAGO TERMINAL TRANSFER
CO.—PROPERTY consists Of
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 center of the business
LATEST EARNINGS.—j 1906-07.Gross, $39,452,596- net, $12,572,580
district; also Includes 7,500 feet of dock property on Chicago River.
Nearly
8 mos., July 1 to Feb. 28.\ 1905-06.Gross.
10,688,959
35,167,655; net,
all land. Including that upon which tracks nave been built. Is owned In fee.
Track owned, 84 m.; leases from Chicago Junction Ry., 11 m.; trackage,7 m.;
REPORT.—Report for 1905-06, V. 83, p. 748, 760: see also editorial, total, 101 m.; 2nd track, 58
m.; sidings, 117 m.; total all tracks, 277 miles.
p. 726.
HISTORY.—A reorganization In June 1897 of Chicago A Northern Pacific
Year ending June 30—
1905-06.
1904-05.
1903-04.
and Chicago A Calumet Terminal, plan V. 64.
Miles operated
p. 888, 898.
7,218
7,232
7,205
REORGANIZATION.—A committee (Henry W. De Forest, Chairman)
Passenger earnings
$13,917,031
$12,050,781
$11,697,033
Freight earnings
representing the holders of large amounts of stocks and bonds, will prepare
34,695,824
29,662,386
31,167,006
a plan of reorganization.
Mall, express, rentals, Ac..
Guaranty Trust of N. Y. offered to purchase
2,625,003
2,338,342
2,105,452
Jan. 1905 coupons on the general 4s; the July 1905 and later coupons were
Gross earnings
not paid.
V. 80, p. 116; V. 81, p. 154.
$51,237,858
In Feb. 1906 foreclosure suit was
$44,969,491
$44,051,509
Net earnings
begun under the rntge. of 1897.
V. 82, p. 509; V. 84, p. 693.
$12,993,300
.$16,170,800
$13,194,598
On April 16
1906
Pres.
Other Income
John
N. Faithorn was appointed receiver.
1,015,837
V. 82, p. 927.
1,526,172
1,333,833®.
On April 16 1907 the lower court granted the petition of the Balt. A Ohio
Total Income
for permission to pay off the $15,140,000 first mortgage bonds which were
$17,186,637
$14,519,472
$14,528,431
Taxes
called for payment on May 3 1907, the holders to receive the amount found
$1,631,890
$1,437,578
$1,609,989
Interest and rentals.
to be due under the decree with Interest from the date of the latter (Feb. 20
8,747,017
8,176,373
7,062,655
1907) to May 3.
Improvements leased lines.
The date of the foreclosure sale, which had been set for
21',897
Dividends
May 3, was enjoined to enable the stockholders to test the validity of the
4,677,553
4,676,622
5,985.060
p.
219.
In Feb. 1907, $6,250,000 4 !4
% equipment notes
were
sold.
V. 84, p.338.
.
'
B.
Balance
$2,108,280
OFFICERS.—Chairman of Board,
Committee, B. F. Yoakum; President,
Jackson: Asst. Sec. and Asst. Treas.,
Mudge; 3d Vice-Pres., W. IL Biddle;
and Treas., George H. Crosby.
N. Y.
$56,487
$43,138
D. G. Reid; Chairman of Executive
B. L. Wlnchell; Vice-President, R. A
Geo. T. Boggs; 2d Vice-Pres.-, H. U.
4th Vice-Pres., C. W. Hillard: Sec.
Office, 115 B’way.—(V. 84, p. 748.)
CHICAGO ST. PAUL MINNEAPOLIS & OMAHA RY.— {See Map Chi¬
cago & North Western.)—ROAD.-—Elroy, Wls., to Omaha, Neb., 593 miles;
other lines, 1,104 in.; total. July 1 1906, 1,697 miles, of which 1,628 are
owned and 69 miles leased.
V. 69, p. 1147.
Extension from Hartlngton to
Croft-on, Neb., 15 miles, was completed Oct. 1906.
Extension from
New Castle, Neb., to Wynot, 18 miles, was under construction In April 1907.
HISTORY.—This was a consolidation July 1880 of the Chicago St. Paul
A Minneapolis, the North Wisconsin and the St. Paul A Sioux City.
In November 1883 Chicago A North Western Ry.
purchased control,
viz., $9,320,000 common and $5,380,000 preferred.
*
STOCK.—Authorized
common,
$21,403,293;
preferred, $12,646,833.
scrip, $2,844,340;
Preferred stock has a prior right
Held by the company June 30 1906, common stock and
preferred stock and scrip, $1,386,921.
to non-cum. dividend of 7%;
but com. Is never to receive more than pref.
1 '91 *92 ’93 to ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06
1907
Com. %}■
None.
2
2 3 M 5
7
Feb 3 U
8
6
6
7
5
Pref. % J
4 6^ Since 7 per ann.(3 H F.&A.)
BONDS.—There are $75,000 Minneapolis Eastern 1st M. guar. 7s due
Jan. 1 1909; $1.500,000 Superior Short Line Ry. bonds are owned.
Chicago
St. Paul A Minneapolis 1st 6s, due 1918, and North Wisconsin 1st 6s. due
1930, are exchangeable at option of holder at any time, dollar for dollar, for
consol. 6s of 1880. due 1930.
V. 68, p. 521: V. 77. p. 2389.
LATEST EARNINGS.—From July 1 to Feb. 28 (8 months),
gross,
$9,547,394 In 1906-07, $8,935,870 in 1905-06.
Calendar year 1906, gross,
$13,417,884. against $12,390,070 In 1905; not, $4,415,367, against $4,315,041.
DIVS.
.
_
__
REPORT.—Year ends June 30.
Report tor 1906, V. S3,
1906.
Gross earnings
Operating
expenses
$12,943,750
and taxes
8,310,945
Net earnings
$4,632,806
Net rentals paid
123,499
Net tnt. on debt (less other Income)
1,491,166
Dividend on preferred stock
(7)787,976
Dividend on common stock
(7) 1,298,885
p. 622.
1904.
$4,249,472
124,2761
1,484,066/
600,000
(7)787,976
(7)1,298.885
400,000
sur.$331,280
sur.$154,269
Appropriation for Improvements..
Surplus of RR. Co
1905.
$11,926,000
7,676.528
Net from land sales
$76,142
$71,197
—(V. 81. p. 974, 1038, 1375; V. 83, p. 622; V. 84. p. 507.)
$11,438,292
7,435,860
$4,002,432
1,602,439
(7)787.976
(7)1,113,330
500,000
def.$1,313
(?)
A (). lease.
V. 84, p. 930, 867.
Minority stockholders’ committee (Geo. L. Malcolm, Chairman; H. S.
Mott, Secretary). V. 84, p. 867.
On May 14 1906 $3,590,000 of receiver's 5% gold certificates were au¬
thorized to provide for elevation of tracks; none Issued to Jan. 7 1907, They
are to be a lien prior to inort. of 1897 and
payable on demand. V.82,p. 1155.
TENANTS.—Balt. & Ohio, Chicago Great Western, Chicago Junction,
Pere Marquette (the last named since Dee. 1903).
See V. 77, p. 948,
2158; V. 79, p. 901.
Minimum rentals receivable from tenants amount
to $513,500 annually.
See V. 79, p. 2084.
SECURITIES.—Stock.—$13,000,000 com. and $17,000,000 4 % noncum. pref.
Of the $16,500,000 50 year 1st 4s. $1,305,000 were reserved
to retire assumed bonds.
V. 7!), p. 901.
See above.
LATEST EARNS.—8 mos.,f 1906-07
Gross, $1,137,396; net, 438,231
July 1 to Feb. 28.
\ 1905-06
Gross, 1,152,801; net, 426,874
REPORT.—Report ror year ending June 30 1906 given In V. 83, p. 816,
shows, gross. $1,761,832: net, after deducting taxes. $478,129; interest,
$657,800; baL. def., $179,671.
Pres, and Gen. Mgr., j. N. Faithorn, Chicago, Ill.; Sec. and-Asst.
W. T. Wisfier 2d, 30 Broad St., N. Y.—(V. 84. p. 748, 867, 930.)
Treas.
CHICAGO & WESTERN INDIANA RR.—Owns a valuable
terminal
system of roads affording entrance Into Chicago to the roads named belovr.
Its lines extend from Dearborn Station, Polk St., Chicago, to Dolton, 17 m.,
also to Indiana State line, 10 m., to Cragln, 16 m., and to South Chicago, 5
total, 48 m.; total track, Including 2d, 3d, 4th tracks and sidings, 260
also owns over 1,000 acres of real estate, passenger and freight yards,
warehouses, elevators, Ac.
The Belt Ry. of Chicago leases and operates
82 miles of the 260 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 tinder perpetual
contracts to the Wabash, the Grand Trunk West., the Chicago A Eastern
Illinois, the Chicago & Erie and the Chicago Indianapolis A Louisville, each
of which five companies owns $1,000,000 stock.
They are also leased to
the Atchison, the Elgin .Toilet A Eastern and Belt Ry. Annual rental must
always exceed at least 20% Int. on bonds outstanding. V. 78. p. 819.
m.;
m.;
DIVIDENDS.—
Per cent
1 ’95. ’96. ’97. ’98. ’99. ’00 to ’06.
J7
6
6
6
6
1907.
Incl. April.3
105 and Interest In
6 yearly.
BONDS.—The general mortgage bonds are drawn at
such annual amounts as will retire the debt by maturity.
Of the consol. 4s of 1902 (authorized Issue $50,000,000). $11,882,000
has been sold on account of track elevation and other Improvements, $5,6 )1,000 additional were used to refund bonds canceled by
operation of the
sinking fund, $8,738,000 are reserved to retire underlying bonds and $23,749.000 for future additions equal to at least the par value of the bonds Is¬
sued. V. 75, p. 732,906.
In Jau. 1908 $5.ooo,ooo 3-year 5% notes were sold,
secured by deposit
of $10,000,000 consol. 4s.
V. 84, p. 220.
ANNUAL REPORT —Flscai year ends Dec 31.
Report for 1905 was ln
V. 82. p 1435, showing gross Income. $1,620,715: interest, Ac.. $1 ,273,959:
dlvs. $300,000; bal., sur., $46,756.—(V. 83, p. 1228; V. 84. p. 220, 390.)
CHICAGO SUBWAY CO.— Incorporated In New Jersey on Nov. 21 1904,
Has acquired over 99 s4 % of the $30,000,000 Illinois Tunnel Co. stock,
which completed Aug. 1906 45 miles of narrow-gauge electric tunnel railroad
CHIHUAHUA & PACIFIC RR.—Completed April 1900 from Chihuahua,
for the transfer of freight from the various railroad terminals to the down¬
Mex., to Mlnaca, 125 miles.
Extension from El Carpio Jet. to Temosachlc,
town business district and proposes to develop and extend the system.
Mex., 55 miles, was opened Oct. 1905.
Con¬
See Kansas City Mexico A Orient
trolled by Interests identified with the leading railroads entering Chicago,
statement and V. 71. p. 181.
Stock Is $2,500,000: par of shares, $100.
o owns entire stock of Illinois Telephone Construction Co., the Tunnel ' Bonds, see table above.—(V.
79, p. 902; V. 84. p. 693.)
J
APR., 1007. J
RAILWAY STOCKS AND BONDS.
RAILROADS.
Miles
For explanation of column headings, Ac., see notes
on first page of tables.
j of i
Road. Bonds.
c*
Me.c*
Refunding mortgage $25,000,000 gold... Usm.c’Ar
New mortgage $50,000,000 authorized
Ce
Gold collateral notes subject to call at 101
Ce
Car trusts gold $54,000 due semi-an
beg Oct ’06.Ce.c!
Car trusts $92,000 due semi-annually
Dayton & Michigan first mortgage guar
p A 1 end..c!
Cincin A Ind Western—See Chicago
Clncln & Loulsv!
$15,000,000 additional pledged under collateral^
Par
Value.
!
40
1903
1899
...
48
..137
3^
See text
1,000
1,000
100
89-92
1,000
1902
1,000 Ac
1907
1,000 Ac
When
Pa gable.
Bonds—Princi¬
pal, When Due
5
g
4
4
5
5
3
4
6
6
g
M
J
J
S
g
g
15,140,000
5.000.000
8,737,667
17,513,000
8.000.000
■5g
S
4 g
Where Pa liable, and bg
Whom.
&
A
A
N Office 52
D
do
D
do
A
A
A
A
A
A
A
D
O
J
D
N
Wall
Stocks—Last
Dividend.
St, N Y Nov
1
June 1
June 1
do
do
First Nat Bk,NY;& Chic Dec
Northern Tr Co, Chicago 1929
1
1928
July 1 1907-’09
jJune 1 1936
May 1 1938
Mercantile Trust, N Y
City of Chicago
To
Ni
1915
1930
1930
See text
See text.
Q—J ‘Chicago
Apr l ’07 1H
Q—M
J P Morgan A Co, N Y Dec 1 1932
J
A
J ill Tr & S Hk. Chic: ANY July 1 1952
F
A
A,Ill Tr A Sav Bk, Chicago Feb 1 1910
J See text
125
1899
1,000
2,000.000
5 g
N
Office. 80 Broadway,N Y May
1
1949
1903
1,000
1,500,000
5 g
STltle Guar A Tr Co, N Y Sept
1
1933
92
1903
1,000
4 g
1,150,000
8,000.000 See text.
6
511,830
6
511,830
2,000,000
4^ g
5 g
3,000,000
4
1,200,000
5 g
3,500,000
•
100
i9o‘e
1906
69
60
95
164
m -r
142
1887
1892
1892
1891
1904
1905
1905
1905
1904
1881
1,000
1,000
1,000
1,000
1,000 Ac
11,557,000
4 g
.606
O2.500.000
15,000.000
4^ g
4H e
4H g
4H g
l
1,000
1,000
1,000
972.000
1,376,000
2,728,000
5
N Trust Co
of
Amer, N Y Nov
1 1923
Cincinnati
Dec 24 1903 2 %
jJuly 1 1907
j J uiy 1 1907
J
Morgan A Co, N Y'Jan 1 1937
D
do
do
June 1 1942
O
do
do
April 1 1942
N
do
do
May 1 1941
J
do
do
July 1 1954
J'Jan 06 coupon not pald-Jan
1 1955
S March ’06 coupon not pd Sept 1 1908
O J. P Morgan A Co, N Y To April 1 1916
0:R Wlnthrop A Co, N Y Oct '07-Oct *14
JiJ P Morgan & Co, N Y
Jan
1 1911
.
% notes.
CHOCTAW OKLAHOMA A GULF RR.—(See Map
of Rock Island.) —
Miles.
Branches to mines.
27
Hopefleld, Ark., via Sayre, O. T.,
Leased—
to Texas State line.
.648 White A Black River Valley,
Halleyvllle, I. T., to Ardmore
118
Brinkley to Jacksonp’t, Ark.
Tecumseh, O. T.f to Asher, O. T. 25 Little Rock A Hot Spg. West.,
Geary, O. T., to Alva and An¬
Benton to near Little Rock
thony, Kan
Springs. Ark.,
[
17,000,000!
665,000
1,001,250
394,000
650,000
'
Road owned—
Hot
3,265,000
1,000
1906
1897
5
6
$350,000
15,033,000
_
91
Rate
Outstanding
1,000 !
i
1886
...
Amount
!
$1,000 i
1,000 j
1,000
1890
1880
1880
...
Jan'07.
Clncln Day A Ironton 1st M g guar (assumed) -Ce.c*
a
37
\
INTEREST OR DIVIDENDS
or
!
..
Cincinnati Dayton A Chicago first mortgage
Size,
of
Chicago St Paul Minn A Omaha—(Concluded)
Sault Ste Marie A Southwestern 1st M assumed.. __c
C St P M & O mort $30,000,000
($1^,000 p m) .Ce.c*
do
do
consols Interest reduced....
Chicago Southern—See Southern Indiana.
Chicago Sub—Ill T 1st M $30,000,000 g, red 105.EC
Chicago Dock M assumed red 105 (V 68, p 333)
Notes secured by 2d M Chic Dock due $333,750
yrly
Chicago Term Tr RR—Ch A Gt W 1st M gold ass’d..c*
City of Chicago purchase money mortgage assumed
Receiver s certs $3 500,000 authorized gold
Chic Term Tr 1st M called for payment—text
Chicago A Western Indiana—Stock (see text)
General mortgage gold sink fund subj to call 105 ..c*
Consolidated mortgage $50,000,000 gold ..IC.c’Ar
Coll notes, secured by bonds red par
IC
Chicago A West Michigan—See Pere Marquette RR
Chicago Wisconsin A Minnesota—See Wisconsin Cent
Chihuahua A Pacific—1st M $2,000,000 gold
Ma
Choctaw A Memphis—See Chic Rock Isl A Pac
Ry.
Choctaw Okla A Gulf RR—See Chic R I A Pac
Ry.
Cincinnati Bluff ton A Chicago—1st M $1,500,000
g.c*
Cincinnati Dayton & Ironton—See Clncln Ham A Day
Cincinnati Find & Ft W—1st M gold guar end red. N.c*
Cincinnati Hamilton & Dayton—Common stock
Receiver’s certificates (see text) red par
do
do
do
red par aft
Second (now first) mortgage gold
General mortgage $7,800,000 gold
Date
43
Trackage
to Benton
Malvern
39
Total
1,105
Halleyvllle to Wllberton
22
STOCK.—Com., $9,827,500 and pref., 5% cum., $6,000,000, all owned
by the Chic. Rock Isl. A Pac. Ry., which In 1904 leased the road for 999
years from March 24 1904, the rental
covering Interest on bonds.
Divi¬
dends paid to Dec. 31 1903, see
“Supplement” of Jan. 1904. See V. 74, p.
775, and also p. 829, 986. 1354; V. 78, p. 401.
BONDS.—See Issue of Jan. 1907 and V. 77, p. 2336; V. 78,
p. 234.
Results of operation now Included In C. R. I. A P. Ry.—(V. 78,
p. 2598.)
CIMARRON A NORTHWESTERN RR.—V. 84, p. 390.
CINCINNATI BLUFFTON A CHICAGO RR.—Projected from
Huntington to Union City, Ind., 70 m., of which Bluffton to
Portland, 29 m., com¬
Receiver
discharged
pleted
was
May 5 1906
the company resum¬
ing possession.
V. 82, p. 1211. Stock, $1,125,000, all of one class, Is¬
suable at $15,000 per mile;
par of shares, $100 each.
Bonds, see table
above.
V. 84, p. 449, 509.
For year ending Dec. 31 1906, gross, $30,637;
net, $7,463; other income. $3,748; Interest and taxes,
$12,958; bal., def.,
$1,747.
Pres,, S. H. Bracey; Sec., Charles Blackburn; Treas., J. C. Curtis.
Office, 616 Tribune Building, Chicago, Ill. —(Yr. 82, p. 1211; V. 84,
p. 449,
509.)
CINCINNATI FINDLAY A FORT WAYNE RY.—Owns
Findlay, O., to
Fort Wayne, Ind., 80 m.; also connecting link with the Cln. Ham. A D.
from Delphos to Mandale, 12 m.,
completed Oct. 15 1904.
V. 77, d. 88,
694.
Leased to Cincinnati Hamilton A Dayton for 99 years from Nov. 1
1903. with privilege of renewal for like oerlods forever
V 78, p. 286.
Stock, $1,250,000, all owned by the Cln. Ham. A Dayton, which guarantees
bonds, principal and Interest.
Mortgage Is limited by special agreement to
$1,150,000, or about $12,500 per mile.
Bonds are subject to call at 102 H
and Interest.
Yr. 78, p. 286, 342, 701.
Form of guaranty, V. 78. p. 701.
(V. 79, p. 2696.)
and
'
The $15,000,000 gold collateral notes of 1905 are secured by an
equal
4Us, the greater part ($7,750,000) of the preferred 4 %
and 5 % stock of the C. H. A D.. $375,000 bonds of constituent
companies,
and 7,501 shares of Southwestern Construction Co. stock,
representing Joint
ownership with Southern Ry. of control of the Cincinnati New Orleans A
Texas Pacific Ry. Proceeds used to fund obligations Incurred
chiefly to re¬
tire preferred stock and pay In part for control of the Pere
Marquette RR.
V. 80, p. 1058.
The refunding 4s of 1904 cover all the road directly owned, the leases of
the Dayton A Michigan and Findlay Fort Wayne A
Western, and are fur¬
ther secured by deposit of $11,000,000 Pere
Marquette common stock and
$7,115,800 (entire stock Issue) of Cincinnati Indianapolis A Western RR.
Of the bonds, $9,977,000 were sold to
provide for purchase of Pere Marquette
stock and Improvements. V. 79, p^212; V. 80. p. 162; V. 81.
p. 154.
GUARANTIES.—Guarantees securities of Cln. Ind. A West., Dayton A
Mich, and Oln. Find. A Ft. Wayne; also $933,000 Ind. Dec. A West 5s and
$6,000,000 Pere Marquette refund. 4s.
REPORT.—Report for year ending June 30 1906 In V. 83, p. 1033.
Year ending June 30—
1905-06.
1904-05.
1903-04.
Miles operated
1,038
1,038
1,015
Gross earnings
$8,519,153
$8,106,145
$8,272,152
Net Income..
1,607,718
1,785,118
2,210,425
Deduct Interest on bonds
1
2,366,680f
1,524,744
1,068,608
Interest on bills payable
j
(
29,792
Dlv. pref. stock D. A M. RR
96,900
96,900
Dlv. com. stock D. A M. RR
83.892
84,066
Dlv. com. stock Home Ave. RR
388,669
5,000
5,000
Dlv. com. stock C. I. A W. RR
156,095
167,322
Other rentals
J
129,920
Dlv. pref. stock C. H. A D. Ry
122,554
389,237
Dlv. com. stock C. H AD. Ry
(2%) 160,000
amount of consol.
*
Total
$2,755,349
$2,148,897
$1,811,134
df. $1,147,631 df.$363,779
$899,239
OFFICERS.—Pres.
F. D
Underwood; Gen. Mgr., William Cotter;
Treas., J. E. Howard; Sec.. Thos. J. Walsh; Asst. Treas., D. W. Blgoney;
Asst.
Surplus
Sec. David Bosman.
Directors—Geo. W. Perkins, F. D. Underwood. Charles Steele, Samuel
Spencer. Geo. F. Baker. Geo. W. Young, N. B. Ream and H. F. Shoemaker,
New York; Chas. A. Otis Jr., J. H. Clarke and R. R. Rhodes.
Cleveland
CINCIN. FLEMINGSBURG A SOUTHEASTERN RR.—V. 81
Ohio: N. Monsarrat. Columbus, Ohio- W. L. Deehant. Middletown, Ohio.
p. 507.
CIN. GEORGET. A PORTSMOUTH RR.—See Street
—(V. 83, p. 36, 817, 969. 1033, V. 84, p. 101, 507, 693, 803.)
Railway Section.
CINCINNATI HAMILTON A DAYTON R Y.—The system Includes:
CINCINNATI INDIANA POL 15 & WESTERN RR.—Hamilton, O.. to
Road owned—(a See this Co.) Miles
Springfield, Ill., 296 m.; Sidell, Ill to West Liberty, 78 m.; trackage, West
Proprietary roads—
Miles.
Cincinnati to Dayton, O
59 Cincinnati Ind. A Western
Liberty to Olney, 8 m. A consolidation Sept. 1902;
a361
V. 75, p. 239. 289, 197,
732.
Dayton to Ironton, O
Stock authorized $8,200,000; Issued, $7,115,800; all owned
167 Cincinnati A Dayton..
13
by C. H.
A
Dayton to Delphos. O
D., which received dividends thereon In 1902-03, $126,798; In 1903-04,
94 Columbus Findlay A Northern..
18
Trackage
62 Bowling Green RR
$167,322; In 1904-05, $156,095.
19
Roads leased—
BONDS.—The “first and refunding” 4s of 1902 ($8,200,000 authorized
Plqua A Troy Branch
8
Dayton A Michigan
Issue) are guaranteed, principal and Interest, by C. H AD. by endorse¬
al42 Pere Marquette RIL.
:z2.403
Clncln. Find. A Ft. Wayne
ment on each; $4,722,000 were Issued In
a92 Chic. Cln. A Loulsv..
__x264
exchange for existing bonds, of
Home Ave. RR
which $50,000 In the Ctn. Ham. A Dayton treasury; $3,478,000 are reserved
3
to retire Ind. Dec. A West. 5s.
V. 75. p. 1201, 1353; V. 77. p. 1290; form
Total of all
3.705
x Control acquired In
of guaranty, V. 78, p. 2011.
oSee separate statements.
July 1904.
Has control of the Pere Marquette RR
The I. D. A W. bonds are redeemable by lot at 110 at
also owns Dayton A Union
any time on eight
weeks’ notice; $933,000 are guaranteed by Cln. Ham. A
Jointly with Clew Cln. Ch. A St. L. and Jointly with Southern Ry. controls
Car
Dayton.
Cln. New Orl. A Tex. Pac. Ry. V. 75, p. 978.
trusts June 1906, $140,000 4 % equipment notes, due
yearly to Nov. 1 <
NEW CONTROL, Ac. — In Sept. 1905 the Erie RR.
1911, Inclusive, Interest M. A N
arranged to acquire
control by purchase through J. P.
EARNINGS.-—Year ending June 30 1905, gross, $2*272,312; net, $567,Morgan A Co. of about $5,000,000 stock,
but the obligations of the C. H. A D. under leases and other
181; charges. $411.086.—(V. 79. p. 2696.
contracts, be¬
ing found unduly heavy, Mr. Morgan, In Nov. 1905, relieved the Erie of Its
CINCINNATI INTER-TERMINAL RR.—Owns a road
connecting the
purchase. V. 81, p. 1609.
On Dec. 4 1905 Judson Harmon of Cincinnati
Ches. A Ohio bridge and the Cincinnati Ham. A Dayton terminals.
Con¬
was appointed receiver of the C. H. A D. and Pere
trolled by Ches. A Ohio Ry. Common stock, $10,000, In $100 shares, Issued
Marquette, the floating
debt of the system being about $5,000,000.
for purpose of control.
In April 1906 foreclosure suit
There will be Issued $1,000,000 of 1st preferred 4 %
was brought under the 4
4 % mortgage of 1905 and steps, it was understood.
cumulative stock, secured by mortgage to the Union Savings Bank A Trust
were proposed to foreclose 4 H
Co. of Cincinnati, as trustee, and rentals
V. 82, p. 803, 1040.
% notes of 1905.
paid by Ches. A Ohio and Louis¬
The receiver obtained authority to Issue $931,010 receiver’s
ville and Nashville, and subject to call on any Interest
certificates
day after Feb. 1 1915
to pay the Interest due Jan. 1 1906 on C. H. A D. and Pere
at 105. V. 79. p. 212; V. 80. p.1728, 2398,
Marquette bonds,
2620. Pres., Geo. W. Stevens.—
except the Pere Marquette collateral trust bonds ($3,500,000) secured by
(V. 80, p. 2620.)
Chic. Cln. A Loulsv. stock. The ccrtfs., sub. to call at
par from Aug. 1906,
CINCINNATI LEBANON A NORTHERN RY.—Owns Cincinnati. O., to
are a lien on entire properties,
respectively, no mention being made In order
Dodds, 38 miles, including 6 miles from Lebanon to Dodds, leased to the
as to priority over bonded debt. V.
81, p. 1847; V. 82, p. 160. The same
Dayton Leb. A Cln. RR.; Middletown Jet. to Middletown. O., 14 miles
amount of certificates was Issued to
pay July 1906 coupons. V. 83, p. 36
(former Mid. A Cln. RR.. taken over Jan. 1 1903); total, 52 miles.
Stock
969, 1033.
The Jan. 1907 coupons were paid from earnings.
V. 84, p. 101.
authorized, $1,500,000; outstanding, $ 1,1*>0,000. mostly owned by Penn. Co.
In Dec. 1905 the directors voted to annul the
purchase of control and
V. 75. p. 980.
Of the $1,500,000 first consol. 4s of 1902, guaranteed prin¬
lease of the Pere Marquette (which see).
V. 81, p. 1791; V. 82, p. 48,
cipal and Interest by the Pennsylvania Company, $200,000 are reserved to
160, 750.
retire the 5s due 1916.
V. 77, p. 86.
Cal. year 1906, gross, $320,605;
Committee for Refunding 4s of 1904.—A committee. James N.
Wallace,
net. $81,701; charges, $41,409.—(V. 77, p. 86.)
Chairman; Fred. C. Randall, Secretary (Central Trust Co., depositary),
CINCINNATI
& MUSKINGUM VALLEY RR.— (See
requested deposits.
V. 81, p. 1664.
Map of Pittsburgh
Committee for Collatnal 4U % Notes.—James N. Wallace, Chairman. V.* Cincinnati Chicago A St. Louis.)—Owns Morrow. O., to Trlnway. O.. 148
miles:
half
Interest
Zanesville
Terminal
81, p. 1664. 1723; V. 82. p. 509, 568, 803.
RR., 5 miles.
V. 77, p. 86.
Successor Aug. 1 1898 to Cincinnati A Muskingum Val. Ry., foreclosed.
The stockholders on Jan. 12 1905 authorized a lease of the Pere
Marquette
V. 67, p. 27.
RR. for 999 years.
bonds $250,000 are reserved for future needs; sinking
Of
the
V. 79, p. 2696; V. 80, p. 162; V. 81, p. 899.
Under
fund retires yearly 1 % of those outstanding, If offered at par or less.
lease of Pere Marquette, the C. H. AD. guaranteed 5 % on common and 4
The
%
on preferred stock, $12,834,450 of the
Pennsylvania Company guarantees the bonds, principal and Interest.
See
$16,000,000 outstanding common
form
of
and $1,487,800 of the $12,000,000
guaranty, V. 76, p. 653.
Stock, $2,000,000, all owned Jan. 1 1907
preferred being owned by C. H. A D.
by
the
Pitts.
A
Cln.
Cldc.
St.
L.
Toledo Terminal A Railway bonds, see that
Ry.
Dividends: 1900, 6%; 1901 to 1905
company.
lncl.. 2% yearly.
Penn. RR. owns $1,318,000 of the $1,750,000 bonds.
STOCK.—In 1904 most of the $6,925,500 5 % pref. and all of the
$1,074,Car
trusts,
$134,38ft
3v$s.
$22,400
500 4 % pref. stock was purchased by the
payable
yearly to June 1912.
company at $110 and $100 per
Report for 1905 was In V. 82, p. 1494, showing:
share, respectively.
V. 79, p. 733, 786, 902, 1461. See notes of 1905
—
,
__
below.
DIVIDENDS since consolidation
Preferred, Issued
In 1895
On common, 2%
November, 1895, to Aug., 1905.
5% yearly.
paid Dec. 24 1903; none since.
BONDS, Ac.—The stockholders on Jan. 12 1905 authorized a new mort.
$25,000,000 to be reserved
of existing bonds shown In
table (none of which except the Dayton A
Michigan bonds, can be ex¬
tended). V. 79, p. 2696; V. 80, p. 162.
to secure $50,000,000 of 4;', % bonds,
of which
to
retire at or before maturity a like amount
Yr. end. Dec. 31.
1906
1905
Gross.
Net.
Interest
Dividends.
Balance.
.$845,796
$194,375
$69,500
(2%) $40,000
$84,875
834,095
179,753
64,000
(2%) 40.00O
75,752
Payments l?i addition to above In 1905 were $17,415 for additions, Im¬
provements, Ac. (against $13,156 In 1904), and $17,126 on account of car
trusts and other Interest —(V. 81. p. 270; V. 82,
p. 1464.)
.
CINCINNATI NEW ORLEANS & TEXAS PACIFIC RY.— (See
Southern Ry.)—Operates Cincinnati Southern Ry.. owned by city
cinnati. Cincinnati
to
Chattanooga
Teun., 336 m.; trackage, 2
Map of
of Cin¬
In
m.
44
RAILWAY STOCKS AND BONDS
RAILROADS.
For explanation of column headings, Ac., see notes
on first page of tables.
Cincin Ind
W 1st
C I A W
Cincinnati
Miles
Date
of
of
Road. Bonds.
& West—Ind Dec Ajnot guaranteed
Ce 1
M gold red at 1 TO
(guar p A i (end)
c J
1st A ref M $8,200,000 g gu p A i end_.Ta
Equip, trusts due abt. $85,000 s.-a. (V. 78, p. 1391)
do
do
due $6,585 monthly.-.
do
do
Ser B due $97,000 semi-ann. (V.82,p.928
Cincinnati Northern—1st M $3,000,000 gold
G.c* Ar
Cincinnati Richmond & Ft W—1st M gold lnt guar..c*
Clearfield & Mahoning—Stock 6 % rental
First mortgage gold guaranteed BRAP
G.c* Ar
Cleveland Akron & Columbus—Stock $4,000,000
General mortgage (now first) gold
First consol M $4,000,000fguaranteed
p A 1 end...
..
Amount
Rate
Value.
Outstanding
%
$1,000
$2,229,000
1,000
933,000
1903
1,000
1886
1902
1898
1,000
1,000
4,672,000
650,000
200,000
1,291,000
100
1,000
100
100
1,000
1,000
1,744,000
86
1906
1901
1871
26
1893
1,000
177
1887
1900
1900
1 905
_
1904
1905
50
U88j
f
1
500
100
Ac
1,000
1,000
100
100
175
62
1880
1886
1874
1884
1869
1882
1890
45
1890
267
194
203
1890
1890
1891
1893
391
391
72
72
1,021
1,000 Ac
1,000
1,000
1,000
1,000
1,000
Ac
1,000
1,000 Ac
1,000
1,000
528, 829.
DIVIDEND.—On pref., 1 H%,
paid quarterly Sept.
21,897,000
50
1888
6
4 g
or 6
6 g
7
6 g
4 g
4 g
4 g
4 g
4 g
4 g
6
5 g
Jan
Jan
Jan
1
1
1
1935
1935
1953
Aug 1 1906 2 %
Jan
Nov
1
1
1916
1942
Aug
1 1948
Dec 25 19062X
Mar 1 1907 1H
Sep '07-Mar ’ll
To Mch 1
N
J
D
J
J
S
S
A
A
A
A
A
A
A
A
A
A
A
Winslow, L A Co, N Y
Checks mailed
36 Wall Street, New York
Checks mailed
Winslow, Lan A Co, N Y
Hamilton Trust Bklyn
do
do
A
S J P Morgan
—J
A
N*
do
i
i Q
F
do
A
D
do
g J
IJ
A
J'
do
Various !
do
:M
A
N
do
A
J
do
|J
M
A
S
do
!j
A
J
do
do
!m A N:
A
do
J;
|j
!j A D
do
—
-
M
IJ
1908
Equitable Trust Co.,N Y Nov ’07-May’16
Guaranty Trust Co, N Y July 1 1951 *
M
i
-e
Stocks—Last
Dividend.
A Co. N
do
do
do
do
do
do
do
do
do
do
do
do
do
June 1 1921
1 1907
Jan
Jan
1 1943
Mar 25’07 1 ^ %
Mar
1 1927
Aug
Aug
1
1
1940
1940
Y Mar 1 1907 2 %
A pr 20 ’07 i
May
Aug
1
1920
1
June 1
Jan
1
1936
1914
1934
July
1
1919
Nov
1
1912
July 1 1940
Sept 1 1940
Jan
Nov
1
1
July
1
June 1
1939
1990
1991
1993
.
A
A
N1
do
do
Ji
do
do
May 1 1907 3 %
Uan
1 1928
HISTORY, Ac.—A consolidation of the Cincinnati Indianapolis St. Louis
Chicago Railway Co., the Cleveland Columbus Cincinnati A Indianapolis
Railway Co. and the Indianapolis A St. Louis Railway Co., made in July
1889, per plan in V. 48, p. 427. Of thecom. stock, $23,148,100 was on Jan. 1
1907 owned by the L. S. A Mich. So. Ry., this amount,
together with the
private holdings in both stocks by the Vanderbilt family, being, it is under¬
stood, a majority of the entire share capital. V. 72, p. 86; V. 82, p. 749.
The company Is also one-fourth owner of Peoria A Pekin Union
Ry.
(through the Peo. A East. Ry.), one-fourteenth owner in Terminal RR.
Association of St. Louis, and two-fifths owner of Indianan. Union
Ry., and
A
both Inclusive.
On common, 2% paid Dec. 1 1903 out of accumulated
earnings to June 1903; Sept. 1 1904, 2%; June 1905, 3%; Dec., 2%; June,
1906, 3%; Dec., 2}^%.
On April 1 1906 $1,500,000 5% notes were
Issued to pay for second main track and other
Improvements, payable
$150,000 semi-annually to April 1911, Inclusive.
V. 83, p. 1225.
STOCK.—Common, $3,000,000, controlled In Interest of Southern Ry.
Dayton Ry.
V. 61, p. 26; V. 65, p. 1173.
and Cincinnati Hamilton &
LATEST EARNS.— 11906-07
Gross. $5,611,288; net, $1,056,106
8mos., July 1 to Feb. 28.j1905-06
Gross, 5,451,291; net,
1,280,322
ANNUAL REPORT. — Report for year ending June 3n 1906 was In V.
83,
p. 1225, showing, gross, $8,454,897; net, $2,062,225;
(against 51,717,770
In 1904-05); other income, $44,498; rentals,
$1,207,000; interest, $71,133;
Improvements. $440,826; div. on pref. (5%), $100,000; dlv. on com. (5%),
$150,000; bal., sur.. $137.765.—(V. 83, p. 1469; V. 84,
p. 51.)
CINCINNATI NORTHERN RR.—(See Map Cleveland Cin.
Chicago A St.
Louis.)—Owrns Franklin, O., to Jackson, Mich., 208 miles;
trackage (C. C.
C. & St. L.), Franklin to Cincinnati, 38
miles; at Jackson 1 mile.
Successor In June 1897 of Cincinnati Jackson A Mackinaw,
foreclosed.
V. 65, p. 621; V. 72, p. 338, 1034, 1135; V. 73,
p. 31.
The holdings of Clev.
Cln. Chic. & St. L. are valued In balance sheet of Dec 31 1904 at
$1.105,387.
V. 75, p. 454, 457.
STOCK, $3,000,000.
For 3 mos. ending Mar. 31,
1906, gross, $222,660, against $213,848 In 1906.
In year ending Dec. 31
1906, gross, $1,027,728; net Inc., $228,588; charges, $95,892; bal.,
sur.,
$132,696.
Pres., M. E. Ingalls.
See report, V. 70, p. 581.—(V. 81, p.
Bart owner of Cent. Indiana Ry., Cent. Union Depot A Ry. of Cincinnati,'
nlon Depot of Columbus. Dayton Union Ry., Dayton A Union
RR., Muncie Belt Ry. and Findlay Belt Ry., which are
operated independently.
CAPITAL STOCK.—On Jan. 1 1890 the common stock was $20,500,000;
it has been increased to acquire stocks of lines absorbed, Ac.
The stockholders voted June 21 1905 to increase the common stock from
$28,700,000 to $40,000,000.
V. 80, p. 1423, 1911, 2343. 2399; V. 81,
p. 264; V. 83, p. 751.
The stockholders voted October 31 1906 to in¬
crease the common stock from
$40,000,000 to $50,000,000, the new stock,
subscribed for by stockholders at 90, carrying all dividends
accruing after
March 1 1907.
V. 83. p. 687. 1290.
DIVS.—
j ’93. ’94. ’95. ’96. ’97. *98. ’99. ’00. '01. ’02 to ’06.
1907.
Common.3
0
o
(V
0
0
o
3
3.4 4 yrly.
March, 2
Preferred .J
5
5
5
5
2 4
5
5
5
5 5 yrly. Incl.Apr.,24
BONDS.—The sinking fund provision of the Cleveland Columbus Cincin¬
nati A Indianapolis consol, bonds
(stamped) has been canceled.
The prin¬
cipal of these bonds is payable In gold, but the Interest is payable at option
of holder, either in lawful money at 7
% per annum or in British sterling at
6%.
Of the Indianapolis A St Louis 1st 7s, series "A” are J.AJ.; series
B.” M.A S.; series “C,” M.A N.
St. Louis Division bonds, see deed of trust, V. 52,
p. 42-45.
The 100-yeur mortgage of 1893 is limited to $50,000,000.
In Aug. 1906
$22,428,000 Gen. 4s were reserved for prior liens (exclusive of Cairo division,
Peoria division, Michigan division and the St. Louis division west of Terre
Haute), and $5,748,000 for equipm’t, constr’n and betterments, Ac.. $1,000,000 yearly.
See V. 78. p. 1446; V. 79, p. 733; V. 83. p. 379.
Guar¬
antees Chicago Indianapolis A St. Louis Short Line
Ry., Central Indiana
Ry. and Springfield Union Depot Co. bonds.
V. 77, p. 510, 517, 769,
1363, 2280; V. 78, p. 1906, 1961; V. 79, p. 2589.
Car trusts outstanding
Jan. 1907, $2,549,594.
GENERAL FINANCES.—Guarantees interest on Louisville A Jefferson¬
ville Bridge bonds jointly with the Ches. A O.
V. 68, p. 822.
On June 30
1904 owned stock In Chesapeake A Ohio
representing an outlay of $2,453,569, Cincinnati A Northern RR. securities costing $ 1,105,387 and an interest
in the Central Indiana Ry. costing $430,027.
V. 71. p. 398; V. 75, p.455;
_V. 77, p. 517; V. 79, p. 912.
Capital stock per mile of road owned Dec. 31
1906, $27,700; bonded debt, $35,242.
In 1905 $11,300,000 stock was sold and In Feb. 1907
stockholders were
offered $10,000,000 stock at 90.
Sed STOCK above.
EARNINGS. — For 3 months ending Mch. 31, gross, $5,664,572, against
$5,516,538 In 1906.
1314.)
CINCINNATI RICHMOND & FORT WAYNE RR.—Owns from Rich¬
mond. Ind., to Adams. Ind., 86 m.; leases 5 m. of P. Ft. W. A C.
Now op¬
erated (Jan. 1907) by Grand Rapids & Indiana
Ry.
Rental, net earnings,
lnt. is guaranteed by the Pennsylvania Co. and Pitts. Cin. Chic.
A St. L. Co*
Jointly (the P. C. C. A St. L. taking the place of the Cin. Ham. A Dayton In
1888).
S ock, $1,709,313 (par $50), of which Penn. Co. Jan. 1907
owned
$1,256,900.
Due guarantors Jan. 1 1907, $1,518,528.
Year ending Dec. 31.
Gross.
Net.
Interest, Ac.
Balance.
1906
$657,897
$127,258
def. $12,926
$140,184
1905
629,525
114,451
126,000
def.
11,549
CLEARFIELD & MAHONING RY.— (See Map BuJ. Roch. A
Pitts.) —
Owns road, completed in 1893, from Du Bois
Jet., Pa., on Buf. R. & P., to
Clearfield on Beech Creek RR., 26 miles.
Leased during corporate existence
and renewals thereof to Buffalo Rochester A
Pittsburgh—which see—at a
rental payable In gold and equal to 6 % on $750,000
stock, par $50, and 5 %
on bonds, the latter
being guaranteed, principal
ment on
CLEVELAND
Cin. Chic. A St.
Dresden branch,
coal spurs, 3 m;
REPORT.—Fiscal year has b
changed to
ending Dee. 31 1906 was in V. 84,
1, p. 927.
-
e
nd Dec. 31.
year
1906
Miles operated
Passenger earnings
Freight
Mail, express. Ac
.
.
Total earnings
Operating expenses
_
.
Total net income
Interest on bonds, Ac
Taxes
Rentals, Ac
Dividends on preferred, 5 %
Dividends on common, 4 %
..
1
Bonds—Princi¬
pal, When Due.
CLEVELAND CINCINNATI CHICAGO & ST. LOUIS RY. (Concl.) —
opened July 1 1905.
See “General Finances” below.
V. 75, p. 1086;
V. 77, p. 517; V. 79, p. 785, 1331.
In Sept. 1904 a trackage arrangement
was made with Hocking
Valley Ry. for use of latter’s tracks between Toledo
and Carey, 48 miles, affording through line between Toledo and Cincinnati.
V. 79, p. 1023, 2696. As to Central Indiana. 118 miles, see that
company.
In Jan. 1907 a new double-track line from Evansville to Mt.
Carmel, Ind.
30 miles, was under construction.
V. 83, p. 817, 1098.
1 1902 to Mar. 1907,
See this company.
Double track
218
A 45-mlIe cut-off between Hillsboro, Ill., and Mitchell, near St.
Louis,
under the charter of th« Chicago Indianapolis A St. Louis
Short Line was
F
428,997
2,571,000
1.000
and Interest, by indorse¬
each.—(V. 61. p. 710.)
AKRON & COLUMBUS RAILWAY.—(See Map of Pitts.
L.)—Owns from Hudson, O., to Columbus, O., 144
m.;
Kilbuck to Trlnway. 33 m.; Apple Creek branch, 9
m.;
total owned, 190 miles; trackage, 'Trlnway to Zanesville,
17 m.
Owns a fourth Interest In Akron A Barberton Belt
RR.,
24
m.
V. 76, p. 435.
Penn. Co. took control June 1 1899,
purchasing $2,237,500 of the $4,000
000 stock (par $100).
Dividends, 2% yearly. Sept. 1901 to Sept. 1905;
1006, 3% (M. S.); 1907, Meh., 14%. Of 1st cons, gold 4s of 1900 (Comm'l
Trust Co. of Philadelphia, trustee). $1,023,000 are
guaranteed, principal and
interest, by the Pennsylvania Com pang. $1,800,000 are reserved to retire
the general 5s flue 1927: V. 71 p. 390: V. 76.
p. 653; V. 77. p
1746. 2280.
Report for 1905. In V. 83. p. 152.
In 1906, gross, $2,046,567; net. $476,491;
other income, $6,623; Interest on bonds. $158,310; dividend,
$120,000 (3%,);
Other charges, $257,791; bal., sur.. $79,047.—(V. 81,
x>. 28; V. 83, p. 152.)
CLEVELAND CINCINNATI CHICAGO & ST. LOUIS RY.—(See
Maps
N. Y. Central A II. Ii. RR.).
ROAD.—Radiates from Indianapolis, Ind.,
westerly to Chicago, Peoria, Cairo, Ill., St. Louis, easterly to Sandusky,
Cleveland Columbus and Cincinnati, O., and
southerly to Louisville.
Owned directly—
Miles.
Leased and controlled—
Miles.
Cleveland, O., to Columbus. 0..138 Cincinnati A Springfield Ry.—
44
Gallon, O., to Indianapolis.
203 Colum.HopeAGreensb’g RR
26
Delaware to Springfield..
50
.Jointly operated—
Cincinnati to Lafayette
175 Chic. Ind. A St. L. Short Line
44
Indianapolis to Terre Haute
72
Trackage into Clnicnnati, Ac..
32
Harrison Branch
7 Trackage
Into
JelTersonvllle.
53
Leased—entire stock oivned—
Trackage Into Toledo
48
Cln. Lafayette A Chic. Ry.
57
Cairo Vincennes A Chic. Ry—
Total Included In earnings. 1,983
Cairo, Ill., to Tilton A branch_267
Operated; earns, kept separate—
St. L. Div. T. H. to E. St. L..193 Peoria A Eastern
Ry
*351
Columbus Springfield A Cin.—
Cincinnati A Northern
*248
Columbus, O., to Springfield.. 45 Kankakee A Seneca RR
42
White Water—Harrison. Ind., to
Mt. Gilead Short Line
2
Hagerstown, Ind
62 Loulsv. A Jelfersonv. Bridge
*3
Cln. Wabash A Michigan Ry.—
Benton Harbor to Rushvllle A
Total of system Dec. 31 ’06..2,628
Branch
249 Trackage Ill. Cent, into Chic.)
Other lines
44
On percentage basis
]
Cincinnati SanduskyACleve.Ry.—
Operates independently—
Sandusky,
O.,
to Day'n,O.,Ac_170 Dayton A Un. RR. (•)
47
*•
Where Payable , and by
Whom
i
5 g
‘J
A
J Central Trust Co.. N Y
5 g
!J
A
Ji
do
do
4 g
J
J J P Morgan A Co., N Y
A
4
A
A Cincinnati
j
5
J
A
J Cent Tr A S D Co. Cincin
4 g
M
A
N
do
do
4 g
F
A
A Farmers L A Tr Co, N Y
See text.)
Text.
Cincinnati
5 in 19061
do
Q —M
4
M
A
S Blair A Co, New York
641,000
7,472,000
4,138,000 7
3,205,000
2,000,000
500,000
650,000
1,103,730
5,000,000
10,000,000
4,000,000
,
170
i
When
Payable.
50,000,000 4 in 1906 M
1,000
500
,
4 Vi g M
4
1,000,000
|JJ
7 g
1,800,000
6
750,000
iJ
5 g
650;000
!j
3
in
1906
4,000,000
M
5 g
1,800,000
M
4 g
F
1,023,000
689,000
4 g
if
i
750,000
1.000
1.000
Jan. 1903 the entire stock of the Harrlman A Northeastern
Ry., 22 miles,
was acquired, but road Is
operated separately.
V. 77. p. 1743
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 remain¬
ing $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 %; rental
under renewal to be $1,060,000 yearly for first 20
years, then $1,100,000 for
20 years, thereafter $1.200.0U0.
V. 73, p. 722; V. 74, p. 1251.
Pref. stock
6% cum., with no voting power, but prior rights on dissolution. V. 74,
p.
1,750,000
3,000,000
2,000,000
680,000
65,850
...
Obligations for Proprietary Lines.
Cincinnati Sandusky A Cleveland—Preferred stock
Consolidated (now first) M ($3,000,000) gold.AB.c
or
Par
11895
__
gold sinking fund
\
not guaranteed
Car trusts $75,ooo due yearly.
Cleveland Cincinnati Chicago & St Louis—
Common stock ($50,000,000 authorized)
Preferred stock 5 % non-cumulatlve
C I St L A C con M drawn at 105 sinking fund 1 %.c*
Gen 1st M $10,000,000 gold s f not drawn.Ce.cAr
Cleve Col Cincin A Ind consol mortgage (see text)
Gen consol mortgage ($12,000,000) gold.Us.c’Ar
Indian A St L 1st M in 3 series of $667,000.. Us.c
2d M ($2,000,000) gold Indianap to Terre H.c*
Cl Cln Chic A St L White Wat Val Dlv 1st
g.-Ce.c*
Spr A Col Dlv (Col Sp A Cln) 1st M gold
Ce.c*
Cairo Division 1st M $5,000,000 gold
Ce.c*
St L Dlv collat tr gold ($351,000 In s f) ...Ce.cAr
Cincin Wab A Mich Div first mort. gold
Us.c*
General M 100 years for $50,000,000 goldMe.c* Ar
INTEREST OR DIVIDENDS.
Size,
262. J189o
381
Inter-Terminal RR—1st pfd stock (see text) Text.
Cincinnati Lebanon & Northern—First
38
mortgage
c
1st con M $1,500,000 g gu p A 1 end (V 75
52
p 1398) .c*
Cin A Musk Yal—1st M $2,000,000 g gu p A 1 end. F.c*
148
Cincin N O & Tex Pac Jet—Com stock
$3,000,000..
Preferred stock 5 % cumulative $3,000.000
[VOL. LXXXIV.
f
.
1905.
1.983
1, ,983
$6,963, 864
$6,963,864
15.683, 733
1,947, 319
$24,594, 916
18,432, 713
$6,379,056
14.291,108
1.847,599
Report for
1904.
1,891
$7,452,558
13,015,507
1,673,045
$22,517,763 $22,141,110
16,879,345
16,131,113
$6,162, 202
$5,637,418
$6,370, 771
3,189,115
3,189, 115
$5,879,895
2.976,906
742,496
290,068
499,925
1,328,950
831. 631
285, ,293
499, ,925
1,511, 754
$6,009,997
$6,294,214
2.981,112
678,607
255,659
499.925
1,119,612
$53,053
$41,550
Balance, surplus
$759,299
OFFICERS. — Pres., Win. H. Newman, New York; Vice-Presidents, J.
Layng, E. V. W. Rosslter, VY. C. Brown. John Carstensen and G. J.
Grammer, C. E. Schaff, A. H. Harris and C. F. Daly; Sec.. Dwight W.
Pardee, New York; Treas., Chas. F. Cox, New York; Auditor, P. A. Hewitt,
Cincinnati. Ohio.
Directors.—William K. Vanderbilt, Fred’k W. Vanderbilt, Chauncey M.
Depew, J. Plerpont Morgan. H. McK. Twombly, James D. Layng. William
H. Newman, Walter P. Bliss, of New York; Alexander McDonald and
Melville E. Ingalls. Cincinnati; James Barnett, Cleveland, O.— (V. 83,
p. 751,817, 1098, 1228, 1290; V. 84, p. 157, 270, 927, 937.)
D.
CLEVELAND LORAIN & WHEELING R Y.— (See MapB. AO.)—Owns
Bridgeport, O.. opposite Wheeling, W. Va., 158 m.; Les¬
ter to Cleveland, 28 m., and branch to Bellalre,
O., 6 m.; total. 192 m.; and
has trackage into Wheeling.
As to improvements completed In 1905, see
V. 80, p. 1174.
from Lorain, O., to
HISTORY.—Operated by the
the stock.
See that eompany
Balt. A Ohio, which owns about 75% of
73, p. 236.
and V. 72, p. 480; V
Ai>k., 1907. j
RAILWAY STOCKS AND RONDS
RAILROADS.
For
explanation of column headinas, Ac.
on first page of tables.
see
Miles
Date
of
of
notes
Size,
Par
45
INTEREST OR DIVIDENDS.
or
Amount
Rate
When
j
Where Payable,
Bonds—Prlrietpal, When Due
and by
Stocks—Last
Value.
Outstanding
%
Payable.1
*
Whom.
Dividend.
CJeveland Cincinnati Chicago & St
Louis—(Coucl’d)
j
Central Indiana 1st M $4,000,000
gold guar
Ce
125
1903
$1,000 $1 ,500,000
4 g
M
&
N Central Trust Co, N Y
Ch I & St L S L 1st M $3,000,000
Nov 1 1953
gold guar.Ce.c* &r
45
1903
1,000
4 g
3,000,000
A
&
O New York
Springfield Union Depot 1st M $300,000 guar
April 1 1953
Ce
1905
1,000
None
J
e’06
4
J
&
g
Louisville & Jeffersonville Bridge 1st M—See
Jan
2 1955
thatCo
J!
do
Cleveland Columbus Cincinnati &
Indianapolis—Cleve land I ndiana polis St Louis & Chi
cago—Se e Clevela nd Cincinnati Chicago & St Louis
Cleveland Lorain & Wheeling—Pref stock
$5,000,000
100
5,000,000 See text. See text. 2 Wall Street, New' York
Consol mortgage (now first) gold
Usm.c*
Apr 1 1907 2)4
192
1893
1,000
5 g
5,000,000
A
&
O
General mortgage $1,000,000
do
do
Oct
1 1933
gold redeem at 105..N
192
1896
1,000
6 g
893,000
J
&
Con ref M $10,000,000 gold, red at
D
do
do
June
1 1936
102)4
Col.c*
192
1900
1,000
950,000
&
J
Cleve & M V—Con M now first)
4)5
g J
do
do
Jan
1 1930
$3,000,000 g__Ce.c&r
125
1888
1,000 Ac
2,935,000
5 g
See text. Winslow', Lan & Co, N Y Jan
Cleve & Mar—1st M sink fd not drawn
1 1938
gold guar..F.c*
103
1895
1,000
1,250,000
A
N Farmers L & Tr Co, N Y
g M
Cleve & Pittsburgh—Stock 7 % guar
May 1 1935
by Penn RR Co
50
7
11,247,593
Q —M
Special betterm’nt stock $10,738,135 guaranteed 4 %
Winslow,
Lan & Co, N Y Mar 1 1907 1 H
50
4
7,477,800
Gen M $10,000,000
do
Q —M
do
Mar 1 1907 1 %
gold..F)Series A & B
._c*
202
1892
1,000
4.561.000
4 >4 g
X
do
Guaranteed prln & Inter ^Series C & D
do
Jan-Oct 1942
.c*
202 ’98-’00
1,000
3
4,888,000
g
do
V
(end.) Penn RR
do
JSeries B Interest red..
1948 -1950
202
1892
1,000
439,000
Cleveland Terminal & Valley—See Baltimore
3,4 g A & O1
do
do
Oct
1 1942
& Ohio
Coal & Coke—First mortgage
$10,000,000 gold
184
1903
1,000
5 g
9,268,000
A
&
O Elkins, W Va, or Balt
Coal & Iron—See Western
Maryland
April 1 1919
Coal River Ry—See
Chesapeake & Ohio
Colebrookdale—1st M $593,400 und Read M of 1897.c
13
1868
100 Ac
6
600,000
J
&
D Reading Co Office, Phila June 1
Colorado Midland—First
1898
mortgage $10,000,000 ..Ce.c*
259
1897
1,000
4 g
9,179,000
J
J Central Trust Co, N Y
&
Colorado & Northwestern—1st M
July 1 1947
$1,000,000 gold.. Us
51
1904
1,000
5 g
1,000,000
J
&
Colorado & Southern—Common stock
J;United
Tr Co, N Y July 1 1954
States
$31,000,000
100
31,000,000
First preferred 4% non-cumulatlve $8,500,000
100
8,500,000 4 in 1906 A
&
O Hallgarten & Co, N Y
Second preferred 4% non-cumulatlve
Apr 1 1907 2%
$8,500,000..
1882
100
8,500,000 See text. See text.
First mortgage gold $19,853,000
do
do
Apr 1 1907 2%
Ce.c*
1899
1,059
1,000
4
19,403,000
F
&
A
Ref M $100,000,000 gold red 101
g
Central Trust Co, N Y
Feb
1 1929
begin 1908.Ce.c*&r
1905
100 &C
10,000,000
4)4 g M & Nj
do
do
Equip bonds, due seml-an, red 101 (V.84,p.507)
May 1 1935
G
1907
1 ,026,000
5
A
&
O
Col So N O & Pac—1st M $12,000,000
Ort '07-Anr ' 17
g red 102 H ..Ce
1905
1,000
See text.
4)4 g M & N!New York
Equip tr notes, due $80,000 s-a, guar by StL&SF Ba
Nov 1 1925
1907
1,000
5
1,600,000
F
&
A1
Col Sp & Crip Cr D Ry—1st M
Aug *07-Feb ’17
$2,000,000 g s f.. ..Ce
75
1900
1,000
1,795,000
5 g
J
&
J Client Bk,N Y; & Col
Second mortgage $1,000,000 gold
Sp Jan 1 1930
75
sinking fund
1901
1,000
5 g
219,000
A
&
O 1 nt Tr Co, Denv & Col Sp April 1 1921
First consol mortgage $3,600,000 gold
Mo.c&r
1902
1,000
5 g
1.379,000
A
&
O M Trust, N Y; & Col Spr Oct
Colorado & Wyoming Ry—1st M
1 1942
$7,500,000 gold..Me
171
1903
1,000
4 g
4,500,000
M
S Boston Block, Denver
Col Newb & Laurens—1st M
&
Mar 1 1953
$12,000 per mlle.-SBa
75
1887
1,000
3 g
899,000
J
&
J State Dep & Tr Co, Balt
Columbia Southern—1st M gold
July 1 1937
$2,100,000
N
70
1898
1,000!
5 g
700,000
J
&
D N Y Trust Co, N Y
x Series "A,” J&J;
Dec
“B." A&O.
1 1948
y“ C.” M&N; *‘D." FA A
Road. Bonds.
„
_
—
_.
•
STOCK.—Common, $8,000,000,
par $100.
and pref., non-cum.
5%, $5,000,000
After 5 % on each, both stocks share alike.
V. GO,
DIVIDENDS.—On pref. 1896, 3%; Dec. 1904, 2H %; 1905 to p. 1058.
Apr. 1907
5% (seml-ann.).
BONDS.—Of the $10,000,000 consol,
4
refunding
gold
)4s,
are
$5,000,000
reserved to retire
der for
1st 5s. $1,000,000 for general 5s due June 1
1936, remain¬
Improvements, Ac.; V. 70. p. 230, 480.
REPORT.— Report for year ending June 30 1906 was In
V. 83, p. 1169,
showing, gross, $3,483,193; net, $938,596; charges,
$559,506; dlv. on pref.
(5%), $250,000; bal., $129,090.—(V. 83. p. 969, 1169; V.
84, p. 338.)
1915, to reach Denver Union Depot from Boulder over
Colorado & Southern
(3d rail electric).
V. 80, p. 650.
Successor to the railway
company, sold In foreclosure May 4 1904. Stock
$1,000,000, all outstanding.
Bonds, see table above.
V. 78, p. 1961;
V. 79, p. 212, 268.
Year ending June 30 1906,
gross, $89,046; net, $6,924;
oper. expenses Including $37,000 for
equlpt.
Pres.,
S. B. Dick, Meadvllle. Pa.; VIce-Pres. and Gen. Mgr., Robert
Law; Sec.-Treas., W. B
Hayes.—(V. 81, p. 507; V. 83, p. 687.)
COLORADO & SOUTHERN RY.—(See
Orin Jet., Wyoming, through Colorado toMap.)—Operates a system from
CLEVELAND & MAHONING VALLEY RY.—Owns from
Fort Worb. Tex., and
Cleveland,
O.,
by ex¬
to Sharon, Pa., 81 miles (57 double
tensions built to 1906-07 reaches tidewater at
track); Niles, O., to New Lisbon, O..
Gal\eston, Tex., and also
and branches, 44 miles.
Houston, Dallas and other points, viz.:
Leased to Nypano RR. (formerly N. Y. Penn. &
(* which see.)
Ohio) till 1962; rental $525,967 per annum.
L,ines owned—
Coupon Interest Is J.AJ..
Miles.
Controlled—
Miles
registered Interest. Q.-J.
Stock Is $3,259,200. of which $3,258,250 Is held
Cheyenne to Orin Junction
154 Fort Collins
Development
16
by “Atlantic First Leased Lines Rental Trust Co.,
Denver to Bessemer Jet., Colo
Limited,” of London.
129 Ft. Worth & Denver
Dividends In 1897, 133£%; 1898 to 1904, both
City..
*454
Denver to Leadv. (nar. gauge)
Inclusive,
Col.
152
13,4%
yearly;
Spr.
&
111 1905, 11.42%; In 1906, 11.40%.—(V.
Crip. Cr. District
* 75
Como to Baldwin Mine ( do )
63, p. 968.)
131 Wichita Valley
u*113
CLEVELAND A MARIETTA RY.—Owns from
Trinidad, Col., to Tex. St. line
135 Wichita Falls & Oklahoma
Marietta,
O., to Canal
22
Dover, 103 miles, and branch, 7 miles, Zoar, O., to Canal
Oth.llnes.br. ,Ac. (106 nar. gauge) 359 Abilene & Northern..
Dover, leased.
38
Stock, $2,000,000, of which the Pennsylvania Co. Jan.
Trackage—Pueblo
to
Walsenb’g
1 1907 owned
Trinity & Brazos Valley.
*415&
$1,786,100 (par $100); surplus earnings over
(Denver A Rio Grande)
58
charges go to C. A M.
BONDS.—Guaranteed prln. and Int. by Penn. Co. sinking fund 1 %.
Total mileage operated and
Total
1.1181
EARNINGS.—Report for 1902 in V. 77, p. 87. In 1906, gross, $967,632;
building
a 62,251
net, $255,581; int. on bonds, $56,250;
Improvements, $84,596; other
a Includes 60 miles
charges, $5,927; dividends (3%), $60,000; bal., surplus. $48,808.
completed Dec. 1906.
'> Includes 157 miles
In 1905,
opened
Nov. 1906 and 67 miles early la 1907 and 114
gross, $798,351; net, $90,477.—(V. 77,
miles trackage.
p. 87.)
Also owns half Interest In Colorado
Midland, operating 344 miles.
CLEVELAND A PITTSBURGH RR.— (.See
Map Pennsylvania Railroad.)
ORGANIZATION.—Succeeded on Jan. 11 1899, per plan In V.
—Cleveland, O.. to Rochester. Pa.. 124 miles;
67, p.
branches—Bayard, O., to
748. the Union Pacific Denver & Gulf and
New Philadelphia, 31 m.; Yellow Creek to
Denver LeadvIUe & Gunnison.
Bellaire. 43 m.; other. 3 m.;
Owns a large majority of the common stock of
trackage, Rochester to Plttsb. (P. Ft. W. A Chic.), 26 in.; total, 227 miles.
Fort Worth & Denver City
Ry., which see.
Colorado Midland Is controlled Jointly
LEASE.—Leased for 99 years Dec. 1 1871 to Penn. RR.
by Colorado A
Co., and lease
Southern and Rio Grande Western.
transferred to Pennsylvania Co.
V. 70, p. 739.
In Mch. 1902, Edwin
Rental, 7 % on $11,261,865 stock, Interest
Hawley, Pres, of Minneapolis & St. Louis RR., and
on
bonds and organization
associates,
expenses.
“Special guaranteed betterment
acquired
control.
V. 74, p. 679, 727.
stock” (subordinate to the
The voting trust expired
original stock as to dividends only), with divi¬
April 1 1905.
Denver A Interurban (Electric) Ry.
dends of 4 % guaranteed by the Penn.
V. 79, p. 1266.
RR., Is Issuable for Improvements.
In 1905 control of Col.
V. 79, p. 2205. 2642; V. 83, p. 625.
Spr. & Crip. Cr. Dlst. Ry. was acquired; also Trln.
A Brazos Val.. Cleburne to
RONDS.—Generals are all equally secured; guaranty. V.
Mexia, Tex., 79 miles, with extensions
56, p. 604.
building
(of which half Interest later sold to St. Louis & San
EARNINGS.—In 1906 gross earns.. $10,362,002; net,
Francisco), and Wichita,
$3,477,368;
profit
Val.,
Byers to Seymour Tex., 75 miles.
to lessee was $1,771,871.—(V. 79,
See "Finances” below and V.
p. 2795; V. 82, p. 217; V. 83, p. 265, 687.)
80,
p. 1423, 1856; V. 81, p. 1241; V. 82. p. 928; V.
83. p. 695.
CLEVELAND SHORT LINE RY.—V. 82,
Stockholders on
p. 1322; V. 83 p. 271.
April 28 1906 authorized construction of a line from
Trinidad,
Col.,
north¬
CLEVELAND TERMINAL A VALLEY RR.—(See
erly about 120 miles to Florence.
V. 82, p. 986.
Map Baltimore &
Ohio.)—Owns from Cleveland, O., to Valley Junction, 75
DIVIDENDS.—1st pref., 1900, 2 %; 1901,3 4%; 1902. 3 4
miles; branches,
7 mile ; yard track and sidings, 87 miles.
%; 1903, 4 %
1904, April, 2%; 1905, none; 1906, 4% (A. &
O.); 1907, Apr., 2%.
STOCK.—Of the $5,200,000 common
On
2nd pref., April 1 1907, 2 %.
(par $50) B. A O. owns $4,594,300
V. 84, p. 390.
common and of the $1,822,200
preferred, $949,200; par $100.
BONDS.—1st M., see V. 68, p. 1027; V. 77, p. 2158; V.
BONDS.—The first mort. bonds are guaranteed,
79. p. 2147.
principal and Interest,
The $100,000,000 refunding bonds of
by the B. & O. endorsed.
1905 are Issuable or reserved as
Car trust lease warrants (5s), $56,000, due
follows
(compare ‘ General Finances” below):
$27,000 May 1 yearly to 1909, Inclusive.
For refunding bonds and equipment
REPORT for year ending June 30 1906 was In V.
obligations of system
83, p. 1168, showing
$36,850,000
For betterments and
gross, $1,147,275; net income, $243,413;
Improvements, Including equipment at the
Interest, &c., $261,956; deficit,
cumulative yearly rate, beginning Jan. 1
$18,543.—(V. 81, p. 1315, 1488; V. 83, p. 969, 1168.)
1905, of $500 per
mile of operated and controlled lines
CO AH UI L A COAL RY.—V. 82,
15,000.000
For reimbursement of the treasury of
p. 868, 1379.
the company, Ac
2,500,000
For acquisition of additional
COAHUILA & PACIFIC RY.—See Mexican Central
property (Including proper provi¬
Ry.
sion for the cost of
COAL & COKE RY.—Owns from Lelter,
double-tracking
parts of the existing main
W. Va., to Charleston, W. Va.,
lines of the system)
166 miles; trackage, Lelter to Elkins, 9
45.650.000
Morris (.'reek branch, 3 m.;
m.;
Equipment bonds of 1907 mature $51,000 semi-annually to
Mable to Bellngton, 17 in.; total, June 30
April 1 1914;
1906, 195 miles.
Branch from
thereafter, $52,000.
V. 84, p. 5(J7.
Middle Fork to Casslty Fork, 12 m., was
completed July 1906.
About
100,090 acres of coal lands are owned along the line of the
GENERAL FINANCES.—In April 1905 a
road.
Stock
syndicate purchased about
authorized and outstanding, $10,000,000.
$17,000,000 of a proposed Issue of $100,000,000
Mortgage covers road and coal
refunding 4 4 % bonds and
lands; V. 78, p. 47.
agreed to furnish $15,000,000 cash.
Loans and bills payable June 30 1906, $2,429,281;
Of these bonds, $8,000,000 will be Is¬
sued to take up the equipment trusts (“the
car trusts, $220,000, due
$27,500 yearly.
payments on which now aggre¬
Report for year ending June 30
1906 (184 miles) was in V. 83, p. 1409,
gate about $400,000 per annum”) and certain other
showing gross, $550,683; net,
obligations of the Colo¬
rado & Southern and the Fort Worth &
$139,996; net income coal department, $61,022; total net, $201,018.
Denver City, pay for the
Cripple
Creek Short Line RIi. and
Pres., H. G. Davis, Elkins, W. Va.; Sec., C. M.
provide working capital, the remaining $9,000,000
Hendley, Washington, to pay for a new
D. c.— (V. 81, p. 264; V. 83, p. 1408, 1469.)
extension to the Gulf at a cost of from
$17,000 to $22,000 a
mile. Including the Trinity & Brazos Valley. No
COLEBROOKDALE RR.—Pottstown to Barto, Pa., 12.84 miles.
further bonds,
Leased
$1.000,000 a.year for additions and betterments, can be Issuedexcept about
to Phila. & Reading Ry.
before 1909
Common stock, $297,215; par. $50.
without consent of syndicate managers.
V.
80,
p. 1423, 1971; see V. 84,
COLORADO MIDLAND RY.—Owns from Colorado
On June 30 1906, $11,372,032 had been issued.
p. 276.
Springs to New
Castle, Col., through Busk-Ivanhoe tunnel, 234 miles,
The Rock Island Co. has agreed to share
Including Snowden
equally wltn tne Colorado South¬
to LeadvIUe, 8 miles, not
ern In any
operated; Jerome Park branch, 15 miles; Aspen
deficiency In earnings of Trinity & Brazos Valley to meet the
branch, 18 miles; total owned, 267 miles.
Interest on the bonds (approximately
Leases New Castle to Rifle Creek,
$9,000,000) to be issued under
14 miles, and Rio Grande Junction RR.. Rifle
Colorado A Southern mortgage to construct the
Creek, Col
to Grand Junc¬
road from Fort Worth to
tion. 63 miles; total owned and leased, 344 miles.
Houston, Tex., and to pay on May 1 1935 (date of Col. So.
refunding mtge.)
ORGANIZATION.—Successor Oct. 1897 to tlie Colorado Midland Rail
for an unencumbered half Interest In
Trinity A Brazos Valley securities
road, foreclosed and reorganized per plan In V. 64.
or join In
p. 1224. 1226.
Iti May
re-financing same.
V. 82. p. 986; V. 83, p. 695.
1900 a majority of the stock was purchased In the
EARNINGS.
Including Ft. Worth & Denver City an 1 all affiliated
joint Interest of the Colo¬
lines.
rado A Southern and Denver & Rio Grande.
For 8 months,
V. 70, p. 686, 791.997, 1290;
11906-07
Gross, $8,987,118; net, $2,648,597
V. 71. p. 28; V. 73. p. 1111.
No stock Is held by the public.
July 1 to Feb. 28.
1905-06
]
Pref.
Gross,
7,907,655; net, 2,476,800
$6,000,000: common. $4,000,000.
For 4 mos. ending Oct. 31 1906,
net, $802,796; other Income,
BONDS.—In June 1900 the $6,250 000 2, 3, 4s were made full
$9,676;
charges, $403,353; taxes, $84,517; bal., sur., $324,602.
4 % bond:,
and the right to Issue $500,000 prior lien 4s was
waived; V. 70, p. 1290;
REPORT.—Report
for
at
1905-06
see also V. 71. p. 139.
length,
showing operations of system
(V. 72. p 821.)
including the Ft. Worth & Denver City and Col. Spr. A
EARNINGS.—8 mos., 11906-07
Crip. Cr. Dlst. Ry
Gross, $1,685,231; net. $422,697
and Fort Collins Dev. Ry. (the net
earnings
the portion of the Trinity
of
July. 1 to Feb. 28.
] 1905-06
Gross,
1,461,055; net,
A Brazos Valley In operation, 79 miles
396,599
Yrs. end. June 30.
being
Included
In other income), was
Gross.
Net.
Misc.inc.
Charges.
In V. 83, p. 683. 695.
Balance.
1905-06
$2,132,665
$604,755
$40,948
$522,061
Year end. June 30—
sur$123,642
1904-05
1905-06.
1904-05.
1,975,227
348 989
1903-04.
36,963
457,127
def
Miles operated
71,175
1,663
1,663
1,118
OFFICERS.—Pres., Frank Trumbull; VIce-Pres., Chas. II.
Gross earnings
$11,653,446
Schlacks;
$9,443,426
$5,702,687
Treas., H. B. Henson; Sec., J. Steuart MacKIe. 71 Broadway. New
Operating expenses and taxes
York.
8,214,307
7,230,617
4,492,672
Dir rtors.—Grenville M. Dodge. Edwin
Hawley, E. C. Henderson,
George J. Gould, Edwin Gould, Winslow S Pierce. Harry Bronner. E. T.
Net earnings
$3,439,139
$2,212,809
$1,210,015
Jeffery, Frank Trumbull and Chas. H. Schlacks.—(V. 77, p. 2035, 2389.)
Total net Income..
$3,596,413
$1,249,799
Interest on bonds, Ac
COLORADO A NORTHWESTERN RR—Boulder to
1,830,201
811,958
Ward, Col., 26
Dividends on 1st preferred
miles; Sunset to Eldora, 20 miles; branches. 5 miles; total, 51 miles.
(2)170,000
(4)340,000
Ex¬
tension of Sunset Eldora line Is to be built.
Has 10-year contract,
expiring
Balance, surplus
$1 596 212
$97 841
,
.
,
—
..
.
46
RAILWAY STOCKS AND BONDS.
RAILROADS.
For explanation
on
of column headings, Ac.,
INTEREST OR DIVIDENDS.
see notes
first page of tables.
Miles
Date
of
of
Road. Bonds.
Size,
Par
Value.
Amount
Rate
When
Outstanding
%
Payable.
(H fi A
1902
—
.$1,000
Cornwall & Lebanon—Stock
First M $800,000 to be extended at 4%
r
Corvallis A Eastern—First M ($11,250,000)
Ce.c*
Cripple Creek Central—Common stock
Preferred stock 4 % non-cumulative
Midland Term first mortgage gold sinking fund.F.c*
Cuba Eastern—First mortgage $1,000,000 gold._K.c*
Northeastern Cuba 1st M $1,000,000 g gu p & 1..K
Cuba Eastern Terminal first mtge guaranteed
K
Cuhn RR—1st Vf eold $20,000 per mile
Mo.cAr
*
Dividend.
i
i
$800,000
5
M
A ' S
50
_
1895
1894
71
500
Ac
1,000
100
100
100
100
166
262
1881
1890
’97-’99
1900
1,000
1,000
1,000
1,000
40 X
no
37
22
80
24
7
37
19}^
Text
26
26
100
100
1893
1,000
1881
1,000
1893
1901
1903
1880
1883
1902
1888
1899
1,000
1,000
1,000
1,000
1,000
1,000
100
100
100
500
_
1891
1898
100
&c
Ac
50
&c
1,000
100
100
41
43
53
408
1895
1903
1906
1905
1902
1,000
1,000
1,000
1,000
1,000
OFFICERS.—Chairman, Grenville M. Dodge, N. Y.; Pres., Frank Trum¬
bull, N. Y.; Gen. Mgr., Joseph H. Young, Denver, Col.; Sec. and Treas.,
James Steuart MacKie, 71 Broadway, New York.
Directors—Grenville M. Dodge, Henry Budge, James N. Wallace, John J.
Emery, B. F. Yoakum, Edwin Hawley. Frank Trumbull, Henry E. Hunt¬
ington, W. S. Crandell, Norman B. Ream, Hans Wlnterfeldt and Harry
Bronner, New York City; Henry Walters. Baltimore, Md.—(V.84, p.748.)
COLORADO SOUTHERN NEW ORLEANS & PACIFIC RR.— (See S. L.
S. F. Map.)—Baton Rouge, La., to Houston. Tex., 303 m; to be com¬
pleted by June 1907; from Baton Rouge to have Ill. Cent, trackage to New
Orleans, 130 rn.
Extension Is proposed from De Quincy to Houston, Tex.,
137 m., to Include Kansas City Sou. trackage between De Quincey and
Beaumont, Tex., 47 m., and the Beaumont Sour Lake A Western RR.,
Beaumont to Sour Lake, 22 m., and the Orange A Northwestern RR.,
Newton to Orange, Tex., 61 m., acquired.
In April 1906 the St. Louis A Sail Francisco acquired the road, $8,500,000
of the bonds being deposited as security for $7,500,000 St. Louis A San
Francisco notes.
V. 82, p. 928.
Stock authorized, $2,000,000;
par of
shares, $100.
Bonds, see table above.
V. 82, p. 509,,868.
Equipment
.trust notes, guaranteed by St. Louis A San Francisco, V. 84, p. 507.
Pres.,
C. C. Cordill, New Orleans, Ln.—(V. 82, p. 986; V. 84, p. 449, 507.)
COLORADO SPRINGS A CRIPPLE CREEK DISTRICT RY.—Colorado
Springs to Cripple Creek, Col., 46 m.; branch, Cameron to Victor, 5 m.;
other branches and spurs, 24 m.; total, 75 m., of which 59 m. steam, 14 m.
steam and electric and 2 m. purely electric.
In Jan. 1905 Colorado A
Southern acquired all the stock except $900 com. V. 80, p. 472, 1111, 1423.
Stock, all outstanding, com., $1,200,000; pref., 5 %, non-cum., $806,000.
Par of shares, $100 each.
Sinking fund can retire first mort. bonds yearly
at 110 for the first 15 years, then at 107 ^ for 5 years, then 105 for the next
five vears, then 102 H for three years, thereafter at par. V. 76, p.345.
EARNINGS.—-For year ending June 30 1906, gross earnings, $1,118,172;
net Income, $587,164; total deductions, $401,024; dividends, $124,000;
bal., sur., $62,140.
Earnings are now Included ln those of Col. & Sou. Ry
system.
Pres., Frank Trumbull.—(V. 81, p. 725.)
COLUMBIA NEWBERRY & LAURENS RR.—Columbia to Laurens.
S. C., 75 m. Stock, $500,000.
Bonds were 6s, but re-lssued as 3s ln 1900
Ac
I
See text.
Sept 1 1922
1,786,200 See text. 1 Q—M
Treasurer, Columbus, O Mch 7 1907 2%
5
J
500.000
J Hanover Nat Bk, N Y
&
July 1 1915
4
J
500,000
&
J First Nat Bank, Boston Jan
H
1 1914
7
800,000
Checks
mailed
Q—J
April 1 19071 U
7
540,400
do
Q—J
April 1 1907 1 %
7
459,600
do
Q—J
April 1 1907 1 %
7
5,647,600
do
Q—J
April 1 1907 1 ?4
6
J
&
J Faneuil Hall Bk, Boston Jan
500,000
1 1911
4
J
5,000,000
A
D Safe Dep A Tr Co, Bost June 1 1920
3
J
A
D
Bost
1,050,000
H A, 4
S D & Tr, Boston June 1 1920
J
D
473,000
A
do
do
3H
June 1 1920
7
J
350,000
J Manchester, N H
&
Jan 1907 3^ %
6
F
2,500,000
&
A Safe Dep A Tr Co, Bost Feb 1 1907 3 %
4 g
A
A
1,900,000
O
do
do
April 1 1943
6
F
400,000
A
A
do
do
Feb 19C 7 3%
5
J
J
&
350,000
do
do
Jan
1 1911
10
J
&
J Boston, Mass
3,113,000
Jan 1 1907 5 %
4 g
M
A
1,000,000
S
do
Sept 1 1943
J
290,000
&
J
do
3H
1 1921
Jan
969,000
J
J
&
do
3H
Jan
1 1923
5
A
800,000
A
O Safe Dep A Tr Co, Bost Oct
1 1910
M
A
1,000,000
N Broad Street Stat’n, Phil May 1
4^
1913
991,000
do
do
3H g M 15 A S
Mar 15 1932
5
M
N Nat Bk, Cooperst’n, N Y May 1 1918
200,000
A
5 g
A
2,025,000
A
O Boston, Mass
Oct
1 1949
&
J Co.’s Office, Lebanon, Pa Jan 31 1907 4 %
800,000 See text. J
4
A
A
O
764,900
do
do
April 1 1921
4 g
F
1,410,000
A
A New York City
Feb
1 1998
2,500,000 See text. Q—J 25 Checks mailed.
Apr 20’07 1 H %
3,000,000 4 ln 1906 Q—J 25
do
Apr 20 1907 1 %
5 g
J
A
D Farmers L A Tr Co, N Y Dec
425,000
1 1925
6 g
M
S Knickerbocker Tr Co,NY Mar
1,000,000
A
1 1933
5 g
900,000
MAS
do
do
Mar
1 1955
6
F
200,000
A
A
do
"do
Feb
1 1925
5 g
J
6,299,000
&
J Morton Trust Co, N Y
July 1 1952
$2,000 for organization expenses.
Lessee pays all taxes, operating ex¬
but lessor to Issue Its stock or bonds for permanent Improve¬
ments.—(V. 81, p. 899, 974, 1723; V. 83. p. 625.)
penses, &c.,
CONNECTING RY.
( PH I LA DE L PH I A) .—Owns from
a
Girard A ve. to
Frankfort Jet., Pa., 7 m.; North Phlla. to Chestnut Hill, 7 m.; branches,
Ac., 23 m.; total. 37 m.
V. 73, p. 390. Stock authorized, $5,800,000; out¬
standing, $3,613,650; all owned by Penn. RR.
Dlvs. ln 1902 to 1906,
Inclusive, 4% yearly (J & D).— (V. 75, p. 1354.)
COOPERSTOWN A CHARLOTTE VALLEY RR.— (See Map Del. &
Hud.)—Owns Charlotte Crossing to Davenport Centre, 4.51 m.: leases for 99
years from Jan. 1 1889, Cooperstown A Susque. Valley RR.,
Cooperstown
to Charlotte Crossing, with branch to
Cooperstown Jet.. 19.48 m., guaran¬
teeing Interest on latter’s $200,000 5% bonds. Stock, $45,000, acquired
July 1903 by Del. A Hud.—(V. 77, p. 88.)
COOS BAY ROSEBURG A EASTERN RR.—V. 83,
p.
94, 435.
COPPER RANGE RR.—Calumet, Mich., to Mass City, with branches,
total, 82 m.; side tracks, 33 m. Stock, $4,003,700, of which $1,398,600
owned by Copper Range Consolidated (Mining) Co.
Bonds limited to
$20,000 per mile of main line and branches and $15,000 per mile of
sidings.
Of the $2,025,000 bonds outstanding, $615,000 were In
July 1906 held in the
treasury of the Copper Range Consolidated Co. V. 78, p. 228.
EARNINGS.—7 mos., \ 1906-07
Gross, $466,562;' net, $180,465
July 1 to Jan. 31.
J1905-06
Gross,
399,541; net.
176,336
Surplus over Interest charges, $121,404 In 1906-07, against $117,275.
Year ending June 30 1906, gross, $670,286; net, $259,167; Interest
$101,250; bal., sur., $157,917.
Pres., William A. Paine; Sec. and Treas.
Frederick Stanwood, Boston. — (V. 78, p. 228.)
CORNWALL RR.—V 74. p. 1139.
CORNWALL & LEBANON RR.—Owns Lebanon. Pa., to Conewago,
21.66 m.; branches, 4.78 m.
In June 1901 the Pennsylvania Steel Co.
acquired $540,000 stook, nearly all the remainder being owned by the Lack¬
awanna Steel Co.
V. 72, p. 1241, 1283.
DIVS.—1
To 1893.
’94. ’95. ’96. ’97. w8. ’99.’00.’01.’02 to’06. ’07.
Percent ..J4 to 4 34 y’ly
4
3
2
4
4 4H
under agreement, certificates of Interest to amount to 40 % of bonds
5 5 H
6 y’ly Jan, 4
being
BONDS were called for payment on Oct. 1 1906 and Interest reduced
Issued bearing Interest. If earned.
from
5 to 4%.
V. 82, p. 1322.
EARNINGS.—8 mos., 11906-07
Gross. $210,689; net, $33,567
EARNINGS.—8 mos., \1906-07
July 1 to Feb. 28.
) 1905-06.
Gross.
Gross, $320,377; net, $164,082
195,768; net,
38,691
Year ending June 30 1906, gross, $289,120; net, $51,748; Interest, $28,July 1 to Feb. 28.
J1905-06
Gross.
304,539; net, * 172,819
Surplus over charges, 8 mos., $133,999 in 1906-07, against $139,513.
385; bal., sur., $23,363.
Pres., W. G. Childs, Columbia, S. C.
1905-06,
gross, $442,026; net, $238,398; other Income, $405; charges,
COLUMBUS & LAKE MICHIOAN RR.—V. 82, p. 803.
$50,279; div. (6%), $48,000; bal., sur. $140,524.—(V. 84, p. 270.)
COLUMBUS & SOUTHERN RY.—Wyandotte, O., at a connection with
CORVALLIS A EASTERN RR.—Owns Yaqulna to Idanah, Ore., 142
the Penn. RR., to South Bloomlngvllle, 34 m.
In Nov. 1906 control was
miles.
Land grant was 850,000 acres.
Successor In 1897 of Ore. Central A
changed, an extension being under construction north to Lancaster: exten¬
Eastern, and so of Oregon Pacific, foreclosed Dec. 1894.
sion about 200 miles to Portsmouth proposed, of which about 100 miles
Stock, $11,250.000; outstanding, $1,410,000.
were let.
V. 83, p. 1290.
Mortgage provides for extension.
Successor to the Columbus Wellston & Southern
EARNINGS.—In
year ending June 30 1906, gross, $175,312; net, $61,RR., sold In foreclosure on Dec. 4 1901.
V. 73, p. 206; V. 75, p. 184.
576; total deductions, $66,918.—(V. 68. p. 474; V. 77, p. 2159.)
Stock authorized, $2,000,000.
For year ending June 30 1906, gross, $13,542; oper. def., $122; total deductions, $535; bal., def., $657.—(V. 82, p.
COTTON BELT.—See St. Louis Southwestern Ry.
1379; V. 83. p. 1290.)
CRIPPLE CREEK CENTRAL RY.—Divide, Col., to Cripple Creek and
COLUMBUS A XENIA RR.—Owns from Columbus, O., to Xenia, O.,
Florence, Ac.. 76 m.; Victor to Vista Grand, 6 m.; branches and spurs to
55 miles.
Operated as a division of the Little Miami, and Is leased for 99
mines, Ac., 46 m.; total, 128 m., of which 57 m. standard
Con¬
gauge.
years from Dec. 1869, ln connection with that road, to the Pittsburgh Cin¬
trols Midland Terminal Ry., Florence A
Cripple Creek RR., Golden Circle
cinnati Chicago A St. Louis, which pays 8 % on stock.
The lease Is guar¬
RR.,
Canon
City
A
Cripple
Creek
RR.,
Colorado
A
Transfer
Trading
Co.,
anteed by Pennsylvania RR. Co. Dividends, 2-5 %
per annum, from assets,
See V. 69, p. 851, 1011, 1103; V. 72, p. 984; V. 74,
p. 880; V. 77, p. 1542.
were discontinued ln 1901.— (V. 72.
p. 532.)
Reorganization per plan ln V. 78, p. 2018; V. 77, p. 1542, of the Denver A
COMBINATION BRIDOE (SIOUX CITY, IA.)—Owns steel
Southwestern, foreclosed Oct. 4 1904.
V. 79, p. 1461.
bridge 1,940
feet long over Missouri River, with approaches, 1 mile, used
by railroads
STOCKS AND BONDS.—Common stock, $2,500,000;*4 % non-cum.
pre¬
and street cars and as a highway.
Stock, $1,500,000. Mort. trustee. Union
ferred stock. $3,000,000; par of shares, $100.
In May 1906 a syndicate
Trust Co., Indianapolis, Ind.
Pres., Jos. C. Head, Latrobe, Pa.; Sec., F.
represented by Kessler A C’o.acquired a majority of stock. V.82, p.1156.
L. Eaton, Sioux City, la.— (V. 78, p. 102, 286.)
DIVIDENDS.—On pref. 3% paid July 20 1905; Oct. 25 1905 1%
(quar.);
CONCORD A MONTREAL RR.—From Nashua, N. H.. via Concord,
Jan. 1906 to Apr. 1907, 4% yearly (1 % (Q-J.).
On com. Oct. 25 1905, 3%
Plymouth, Ac., to Groveton and the White Mountains, 450 miles ln all, In¬
from earnings of year ending Sept. 30 1905; In 1906,
Jan.,
2}^%,
Including
cluding Manchester A Keene, 30 m., owned Jointly, 414 m.; 35 m. double
1V^% extra; April, 2%. Including H% extra; July, l)i%; Oct., 1H%;
track.
Owns Concord Street Ry., 13 m.: also electric branch from Concord
1907, Jan., 1M %; Apr., l'A %.
to Manchester. N. H., 17 m.
In Feb. 1907 permission was asked to Incorporate the Nashua
REPORT.—Report for year ending June 30 1906 in .V 83, p. 1167,
& Acton
showed gross earnings of railroads controlled,
RR. .with $500,000 authorized stock, to purchase the Nashua Acton &
$901,984; net Income of rail¬
Boston,
roads
over charges, $328,846;
20 miles, acquired at foreclosure sale Mch. 7 1906.
total net Income above general expenses,.
V. 84, p. 449, 391; V.
$336,755.
Total
available Income of parent company (Including $167,689
82, p. 568.
On June 29 1895 leased to Boston & Maine for 91 years at rental of 7
past-due Int. coupons received and $909 bal. on hand July 1 1905) was
%
$457,558; dlv. on pref. stock (6%), $180,000; div. on com. (7H%),
per annum on all stock.—(V. 78, p. 286; V. 82, p. 568; V. 84, p. 449.)
$187,500; total surplus. June 30 1906, $90,058.
CONCORD A PORTSMOUTH RR.—Owns Portsmouth. N. H.. to Man¬
Pres., Henry M. Blackmer; Vlce-Pres., R. E. F. Flinsch; Sec. and Treas., John Gorlow.
chester, N. H.. 40 Yi m. Leased to Concord RR. ln 1862 for 99 years; rental,
Direc¬
tors, V. 79, p. 1461; V. 82. p. 1150.—(V. 83, p. 1167.)
$25,000; 7 % on stock and org. exp.
Operated by Boston A Maine.
CUBA EASTERN RR.—Owns from port of
CONNECTICUT & PASSUMPSIC RIVERS RR.—White River Jet.,
Bogueron at Granadillo Bay,
Vt.,
to Canada Line, 110 m.; leases 999 years
on south coast of Cuba, northwest via Guantanamo to
Massawlppl Valley, 37 m.
forest lands owned by
LEASE.—From Jan. 1 1887, leased to the Boston A Lowell for 99 years j the Cuba Hardwood Co., 43 miles; leases for 99 years Northeastern Cuba RR
I from San Pre to San Luis, 47
on a basis to pay C. A P. stock 5% till Jan. 1897 and
miles, with 6 miles of branches; to be extended
6% thereafter.
SECURITIES.—Massawlppl stock receives same dividends as stock of I eventually to Nipe Bay on the north shore of Cuba; also branch to be built
lessee and $400,000 of It (not included ln the amount outstanding) Is
from San Luis to Palma Soriano, at once, and later to
Manzanillo.
<
pledged
as part security for 4s of 1893.
Has 5 year contract with Cuba Hardwood Co.
Of the $2,500,000 pref., $500,000. as also
-V. 76, p. 1355.
Stock
$50,000 Massawlppl Valley Ry. stock, are represented by Connecticut Trust
$2,000,000, all outstanding.
Bonds (see above); Northeastern Cupa guar¬
A Safe Deposit Co. of Hartford 5 % trust certificates, under which the Ver¬
anteed bonds, V. 82, p. 162.
Pres., H. W. Bennett.
Office, 20 Broad
mont Valley has the right, for 45 years from Aug, 1 1885, to
St., N. Y.—(V. 76, p. 1355; V. 82. p. 160.)
purchase the
trust stock at par and Interest and In the meantime receives all dividends
CUBA RR.—Owns from Santa Clara, Cuba, to
Santiago de Cuba. 356
above 5 % per annum on the stock deposited in trust.— (V. 57,
p. 1040.)
miles; branches Zaza Jet. to Sanctl Splrltus, 8 miles; Alto Cedro to the
CONNECTICUT RIVER RR.—Owns from Springfield. Mass., to Keene,
Bay of Nipe. 31 m.; Ponupo branch, 11 m.; Jatlbonlco branch, 3 m.
N. H.,74 m.; Bellows Falls to Brattleboro. Vt., 24 m.: branches, 6 m.:
total.
Holguy branch, 12 miles; total, 421 miles.
See V. 75, p. 1157, 1347.
104 m.. of which 50 double-tracked.
Controls Sullivan Co. RR.. Bellows
Extension Is to be built from Santa Clara to
V. 82,
Havana, 170 miles.
Falls to Windsor, Vt.. 26 m.
V. 80, p. 1478.
The stockholders voted
p. 1322.
Road opened Dec. 8 1902.
Govt, loan, $798,450, of which the
Sept. 20 1905 to Issue $1,000,000 additional stock In exchange for Vermont
remaining one-tldrd was paid Dec. 1906; any balance not repaid
by Govt,
Valley stock.
V. 81. p. 899, 1723.
transportation service to be paid Dec. 15 1916 without Int.
V. 83, p. 1093.
LEASE—Leased for 99 years from Jan. 1 1893 to the Boston A Maine,
Stock authorized, $10,000,000 each of common and 6%
non-cum.
pref.;
annual rental fas amended Oct. 10 1895) being 10% per annum on
capital
outstanding, common, $6,126,000; preferred, $10,000,000; par of shares,
stock, payable directly to stockholders; also Interest on bonds and scrip and
$100.
Bonds, see table above.
.
Stocks—Last
1
55
M new)
Debenture bonds, $1,150,000. currency
c*
do
do
$500,000 Interest guaranteed
Concord & Portsmouth—Stock 7 % rental 99 yrs Cone
Conn & Passumpsic—Pref stock 6 % rental 99 years.c*
First mortgage $1,900,000 gold
c*
Massawlppl stock guar same div as Conn & Passump
Newport A Rlchford 1st M guar by C A P
c*
Connecticut River—Stock ($3,670,300 authorized)
Bonds not mortgage for $1,000,000 gold
c
Bonds not mortgage
do
do
V Val 1st M with $500,000 S Co RR stock as col __c*
Conn (Phila)—Phlla G&ChH 1st M guar by Penn..r
Conn Ry 3H % gold mortgage $5,000,000
Cooperstown A Susq Val—1st M $200,000 Int guar..
Copper Range—First mortgage gold (see text)
pal, When Du
Where Payable, and by
Whom.
i
..
Stock Class III (B C A M old stock)
Stock Class IV (Concord) $6,000,000 auth (text)..
Boston Con A Mon Improvement mortgage
c
Concord A Montreal cons M for $5,500,000 _.BB.c*
Bonds—Princi¬
or
!
Columbia & Greenville—See Southern Ry.
Columbus & Lake Mich—1st M g $20,000 p m.-Ta.c*
Columbus A Toledo—See Hocking Valley Ry.
Columbus & Xenia—Stock 8% rental..
Combination Bridge (Sioux City la)—First mortgage
Concord A Claremont (N H)—First mortgage
c
Concord A Montreal—Stock Class I (B C A M pref)
Stock Class ll
|Vol. lxxxiv.
APR., 190 7. J
KAILWAY STOCKS AND BONDS
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TEXAS
jf^TEXLINE
:
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For
explanation of column headings, Ac., see notes
on first page of tables.
Cumberland Corporation—Notes
N
Cumberland & Pennsylvania—1st M gold guar
G:
Cumberland Valley—Common stock
j
Preferred stock ($243,000 2d pref)
(Bonds see text),
Debentures $500,000 redeem beginning April 1008 __j
Dayton & Michigan—Com stock (3 y2 % guar CHAD):
Preferred (8 % guaranteed C H & D) endorsed
First mortgage guar p A l endorsed by C H & D.-.c
Dayton A Union RR—First M sink fund (not drawn) _c
Dayton Union Ry—First M sinking fund call at par_.F,
;
Delaware—Stock
General mortgage gold
FP.c*;
Delaware & Chesapeake 1st M assumed currency _.c
Delaware A Bound Brook—Stock 8 % guar PhllARead:
First mortgage $1,800,000.
PeP,
Del & East— DAERR 1st M $1,000,000 g
-i
New mortgage $0,000,000 gold
j
Delaware A Hudson—Stock $55,711,500 (text)
j
First M on Pennsylvania Dlv ($10,000,000) Un.c&r;
Schenectady & Duanesburg first mortgage
'
_
Adirondack 1st M gold guar p & 1 end
Debentures $14,000,000 gold convert (see
Car trusts $150,000 payable May yearly
Us.c’Ar
text) c* Arj
Usm
Equipment deb $2,500,000, $200,000 annually Jan 1
Date
of
!
of
Road. Bonds.
Par
Value.
1906
1891
57
Payable.
$15,000,000
6
5 g
1,000,000
1,292.950 8 In 1906
8
484,900
4
282,000
2,401,900
3X
8
1,211,250
5
2,728,000
7
225,000
4 g
473,000
2,987,225 See text.
500,000
4H e
4
400,000
8
1,800,000
1,800,000
3H e
1,000
1,000
1,000
1899
—
25
248
1,000
117 1892
54 | 1882
1,000
100
1,000
—
1905
34
49
14
57
%
50
50
142 : 1881
32 1879
—
Outstanding
1905
1871
—
—
Rate
When
$1,000
—
—
Amount
50
50
!
1906
j 1907
|
1877
:
1874
1892
1906
1899
1900
—
—
—
500
Ac
100
1,000 Ac
100
Ac
1,000
1,000
1,000
10 000
5 g
See text.
5 g
See text.
40,989,000 9 In 1907
7
5,000,000
6
500,000
1,000,000
4H g
4
14,000,000
g
300.000
3H g
4 g
1,300,000
'
30 1906 was In V. 83, p. 1092, showing
over taxes, $562,526;
bond Interest,
In 1904-05, gross, $1,029,259.
Ftcs., Sir William C. Van Horne; Vice-Pres., Franklin B. Lord; Sec.,
Chas. J. Fay; Treas., James I. Burke.
Office, 83 Montgomery St., Jersey
City, N. J.; 80 Broadway, New York.—(V. 83, p. 1037, 1092.)
CUMBERLAND CORPORATION.—ORGANIZATION.—A holding com
REPORT for year ending June
gross earnings, $1,619,082;
net
$274,665;
bal., sur., $287,861.
p&ny owning the stock ($2,300,000) of the Cllnchfleld Corporation (V. 80
b. 2346, 2222, 224), which owns 300,000 acres of coal lands In Virginia and
West Virginia, the stock of the South A Western Ry. and a block of the
Seaboard Co. stock (see the two companies last named In this Section.)
Stock, common, $25,000,000; O','.', pref., $15,000,000, all paid in.
In
July 1906 sold $15,000,000 notes (see above) to complete the South A
Air
Western to a connection with the Seaboard
Line Ry. at Rutherfordton,
N. C., a distance of 107 miles, giving via the Seaboard a new outlet for the
CUnchfield coal.
V. 83, p. 155.
CUMBERLAND A PENNSYLVANIA RR—Owns from Cumberland,
Md., to Piedmont,W.Va., and several branches, 57 miles.
Owned and op¬
erated by Consolidation Coal Co., which guarantees by endorsement tne
first mortgage.
V. 52, p. 390.
Stock, $1,500,000; par, $100.
For year
ending June 30 1906, gross. $1,018,310; net, $564,075; charges, Ac., $518,843; balance, surplus, $45,232.
CUMBERLAND VALLEY RR.—Pennsylvania UR. Jan. 1907 owned
$975,850 com. and $237,200 pref. and in Dee. 1906 offered to give In ex¬
change 3 shares of its stock for one share of Cumb. Val. V. 83, p. 1469.
There are $88,000 8% bonds maturing April 1 1908.
Year (entire line).
Cross.
Net.
lnt., Ac. l)lrs.(H
$170,448
$142,228
3906
.$2,904,162
$1,089,367
1905
2,472,221
965,022
86,320
142,228
—(V. 72, p. 391, 532; V. 77, p. 1873; V. 83, p. 818, 1469.)
.
.
_
.
.
.
Hal. .sur.
$776,691
736,474
DALLAS CLEBURNE A SOUTHWESTERN RY —Owns Egan, on Mo.
Kan. A Texas RR., to Cleburne, 10 miles.
Operated from Dec. 1 1902.
Extension proposed from Egan to Dallas, 27 miles, and from Cleburne to
Glenrose, 50 miles.
Leased to Mo. Kan. A Texas Ry. V. 76. p. 48.
Bonds authorized, $150,000 1st mort. 30-year gold 5s, due Jan. 1 1933.
In Aug. 1906 the Texas RR. Commission authorized $145,000 bonds.
V.
83. p. 213.
Pres., 1). P. McDonald, Cleburne, Tex. — (V. 83, p. 213.)
DAYTON A MICHIGAN RR.—Owns Dayton, O., to Toledo Jet., O.
141 miles; trackage Into Toledo, 1 M miles.
Leased May 1 1863 In perpetuity to Cln. Ham. A Dayton.
Rental Is In¬
terest and sinking fund and 8 % on pref. stock and 3^ “Joncom.
Guaranty
on pref. Is secured by mort. of 1871, but the pref. carries no voting power.
V. 56, p. 813.
Mort. of 1856 is held alive under mort. of 1881.
DAYTON A UNION RR.—Owns from Dodson, O., to Union City, Ind.,
32 miles; leases Dayton to Dodson, 15 miles; total operated, 47 miles.
Op¬
erated by Clev. Cln. Chic. A St. L., which, jointly wdth the Cln. Ham. A
Dayton, owns the $86,300 stock.
All surplus earnings over Interest goes to
a sinking fund for redemption of bonds at not above 100.
Year ending
June 30 1906, gross, $135,099; net, $24,277; other Income, $10,284; charges,
$35,980; deficit, $1,419.
DAYTON UNION RY.—Union depot at Dayton, O.
Used by Pitts.
CIu. Chic. A St. L., Clev. Cln. Chic. A St. L., Cln. Ham. A Dayton, Dayton
A Union RR. and Erie RR. under lease which provides that Interest on
bonds and other expenses be divided between them on train basis.
Stock,
$321,000, all common.
Pres., M. E. Ingalls; Sec., W. F. Stark; Treas., J.
E. Howard.
Office, Cincinnati, O.—(V. 73. p. 1312.)
DEEPWATER RY.—See Virginia Railway.
DELAWARE RR.— (See Map Pennsylvania RR.)—Shellpot Crossing,
Del., to Delmar, Md., 95.22 miles; branches, Centrevllle, Md., to Townsend,
Del., 35.11 miles; Clayton, Del., to Oxford, Md., 54.23 miles; Seaford, Del.,
to Cambridge, Md., 32.92 m.; Masseys, Del., to Chestertown, Md., 20.38 m..
Other branches, 10.39 m.; total, 248.25 miles.
V. 67, p. 1356.
Leased till May 1 1927 to the Philadelphia Baltimore A Washington,
Which owns $1,664,475 of the stock; rental net earnings—see V. 64, p. 1000.
Dividends 1898 to Julv 1906. 0% yearlv: Jan. 19**7, 4%.
In vear ending
Oct. 31 1906, gross. $2,478,390: net. $621,<):>(); other Income, $53,111; in¬
terest, taxes, Ac., $167,060; dividends (7
$209,105; bal., sur., $297,966.
transferred to extraord. expend, fund. — (V. 83, p. 1523.)
from Bound Brook
{Central of N. J.) to Delaware River, 27 miles; brandies to Trenton, 7 m.;
second track, 27 m.; all track, S4 miles.
In May 1879 leased for 990 years
t© Phlla. A Reading RR. for $267,090, paying Interest and 8 % on stock;
lease assumed by Phlla. A Reading Railway.— (V. 81, p. 210.)
DELAWARE A EASTERN RY.—To extend from Hancock-. X. V.-, on
Erie RR.. to Schenectady, N. Y., 157 miles, with branch to Andes, 9 miles,
of which East Branch to Arkvllle. 40 miles, operated April 1907.
A pend¬
ing consolidation per plan V. 84. p. 931.
Stock authorized to be $5,000,000
stock in $100 shares and bonds $6,000,000 of 50-year gold 5s (denomina¬
tions $500 and $1,000 each).
Of the bonds $1,750,000 are to be used to
take up the old bonds ($1 .OOO.OOtfiand stock ($000,0()<>> of Del. A East. HR.
and refund its notes and floating debt; balance to be used to complete the
DELAWARE
proposed road
A
BOUND
BROOK
RR.—Owns
President, F. F. Searing.
Office, 7 WalllSt.oX. Y.—
<V. 84, p.931.)
DELAWARE A HUDSON CO.—(See Map.)—Operates railroad lines
from Wllkcsbarre, Pa., via Albany, N. Y., to Rouse’s Point, on Canada
line. with branches, 821 miles In all.
V. 68, p. 871.
Lines owned—
Lackawanna A Susquehanna
Miles. I
Valley RR. of Pa_
Honesdale Branch
Schenectady A Mechanlcvllle
Cherry Val. Sharon A Albany
•Schenectady A Duanesburg
•Adirondack Ry
•Cooperst’n A Charlotte Valley
Branches and spurs-
Lines leased—*See these
Miles.
142
150
171’New York A Canada.
Rensselaer A Saratoga
28
192
10 •Chateaugay A Lake Placid RR. 80
__21 •Union RR
21
.14 •Jefferson RR. (trackage)
35
57 Other lines.
29
cos.
22)’Albany A Susquehanna
24
2
Total operated Jan. 1 1907
Bonds—Princi¬
pal, When Due.
Size, or
Guaranteed Securities—
’01 -’02
4
1,000
2,150,000 i
Hudson Coal Co deb guar p A 1 end part due yearly:
—
4 g
1890
1,000
300,000
Bluff Point Land Improvement Co 1st M gold guar c* j
—
4
1902
1,000
1,300,000
Chat Ore A I refunding mortgage call 105 Co—c* Ar
g
—
cld
ca
Cllnto
Lake
Pla
RR,
Utl
Albany A Susquehanna RR, N Y & Canada RR.Ch atcau gay &
50
26.200,000 See text.
Delaware Lackawanna & Western—Stock
7
1,000
3,067,000
Cons M (now 1st) on road & equip ($10,000,000) F.c
194 1877
All.
3
185,000
39 1860
Delaware Md & Va—Junction & B—first mortgage..
All.
3
200,000
Break & Frank 1st M to State red after Jan 1895..!
,19 1874
4
650,000
Other mortgages
c*
4 g
1,300,000
Del River RR & Bridge—1st M gold guar p & l.GP.c*
10 1896
5 g
1903
1,900,000
Denv En A Gulf—1st M $2,600,000 gold red 103_MStc*
95
See text.
4 g
Denver Northw A Pac—1st M $22,500,000 gold.Me.c* \
126 1902
*
VOL. LXXXIV.
RAILWAY STOCKS AND BONDS.
48
843
j
Where Payable, and by
Whom
Stocks—Last
Dividend.
June 1 1912
D
N Guaranty Trust Co, N
May 1 1921
Phlla
A
Q—J j
Apr 1 1907 2
Chambersburg
do
do
Apr 1 1907 2
Q—J i
A
do
do
A
O
April 1 1925
A
A
Apr 1 1907 1
O, Cincinnati
do
Q—J
| Apr 4 1907 2
Jan
1 1911
J
J J P Morgan A Co, N Y
A
1 1909
D; Amer Exch Nat Bk. N Y Dec
A
A
J Farmers L A Tr Co. N Y July 1 1949
Jan 2 1907 4
A
J Checks mailed.
A
J Broad St Station, Phlla July 1 1932
Feb
A
do
1 1912
do
A
240 South Third St, Phlla Feb 20 1907 2
Q—F
F
do
A
A
do
Aug 1 1955
Jan
1 1956
J
A
J
J
M
A
A
%
%
M
%
%
%
1957
Q—Mar Office, 32 Nassau St, N Y Mar 15 1907 2U
MAS
do
do
Sept 1 1917
do
do
MAS
Sept 1 1924
'
MAS
J 15 A D
M 15 AN
J
A
J
do
do
do
do
do
do
do
do
MAN
J
J
A
J
A
J
n A Bing
do
do
do
do
do
do
•
Mar
June
1908
1908
1 1942
15 1916
A 1909
to 1914
May 1
1908-18
Jan
1 1940
Jan
1 1942
—See those cos
RR, Coop A Chari Valley
26 Exchange Place, N Y Apr 20 ’07 2 H %
MAS
do
do
Sept 1 1907
Q—J
1 1932
J Broad St Station, Phlla Jan
Jan
1 1932
J
do
do
do
do
^Overdue.
A Philadelphia, Pa.
F
A
Aug 1 1936
M
A
N N YorStL.MIss VyTrCo May 1 1953
MAS New York or Denver
Sept 1 1952
J
J
A
A
Also leases Utica Clinton A Binghamton and Rome A Clinton RR., 44 m.,
sub-let to N. Y. Ont A West.
In Nov. 1905 the Quebec Southern, extend¬
ing from St. Lambert opposite Montreal, through Sorel to Pierreville and
Noyan Jet. to .St. Roberts’ Jet. on the aforesaid line, a total of 145 m.,
was acquired; an extension will be built from Pierreville to Chaudiere Jet.,
whence the new Quebec bridge Is reached a distance of 92 miles, of which
49 are under construction.
The Napiervllle Jet. Ry., Rouse’s Point to St.
Constant, 27 m., will also be acquired, and 16 miles of trackage.
V. 81, p.
1610; V. 83, p. 379; V, 84, p. 338, 623.
In 1906 control of the Greenwich
A Johnsonvllle RR., 2Y miles, was acquired.
V. 84, p. 623.
from
HISTORY, Ac.—This company was chartered April 23 1823.
It Is one
largest miners of anthracite coal. Coal owned, V. 82, p. 686.
DIV’DS— j ’84. ’85. ’86. '87. ’88. ’89 tQ 96. *97 to ’00. *01 to ’06. 1907.
Since 1883 %\
7
6
5
6
7 yearly
5 yearly 7 yearly Below
5
Dividends for 1907 fixed at 9 %, payable quarterly.
V. 84, p. 51.
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 equal to at least 5c. per ton of coal sold, or $175,000 to
$200,000 per annum, to be charged against Income account each year. (V.68,
p. 926.) See Ordinance In full, V. 68, p. 1180.
Coal owned and controlled
Jan 1. 1907, 207,801,964 tons.
In 1900 $200,000 stock was retired from
proceeds of sinking fund. $141,800 In 1901, $151,100 in 1902, $100,000 in
1903, $417,100 ill 1904, $50,000 ill 1905 and $228,500 In 1906.
of the
Stockholders In 1904 subscribed to $7,000,000 new stock at $135 per
share to retire the $5,000.000 X. Y. A Canada RR. bonds, for Improvements,
Ac.
See V. 78, p. 583, 985, 1108, 1781; V. 79, p. 2696, V. 80, p. 1170.
Stockholders May 9 1905 authorized Increase of $5,000,000 stock for con¬
version, at option of holders to April 1 1916, of $10,000,000 Albany A Susq.
3 Yi°o bonds, dated April 1 1906. on the basis of $500 stock for $1,000 of
bonds.
The bonds were sold at par pro rata to D. A
H. stockholders
to refund the Albany A Susq. 6s and 7s, effecting a material saving of lnt.
In 1906 the Alb. & Susq. stockholders brought suit to secure a part of the
benefit of this refunding.
V. 83, p. 1036; V. 80, p. 1174, 1362, 2343;
V. 81. p. 1848; V. 82, p. 687.
Stockholders Feb. 19 1906 authorized increase of the stock by $7,000,000
to provide for exchange of an Issue of $14,000,000 of 4 % 10-year debentures
dated June 15 1906, which was subscribed by stockholders at par.
The
debentures are exchangeable for stock at the rate of $500 stock lor $1,000
debentures between June 15 1907 and 1912 Inclusive, the proceeds to be
used as follow's: Cost of electric railway acquisitions (see below), $9,600,000;
new
equipment, $2,400,000; cut-off around Wilkes-Barre, Pa., $2,000,000.
V. 82, p. 217, 452, 1379
In Feb. 1905 a half Interest in the stock of the Schenectady Ry., 116 miles,
was purchased.
V. 82, p. 687.
In Nov. 1905 over 99 % of the $5,000,000
stock of the United Trac. Co. of Albany was purchased, the stock being In
Dee. 1906 increased to $12,500,000 to acquire most of the stock and bonds
of the Hudson Valley (Elec.) Ry.
V. 81, p-. 1550, 1610; V. 84, p. 51.
In Feb. 1907 a loan for $6,000,000 to the Quebec Montreal A Southern,
guaranteed by the I). A H.,*was arranged, to be supplied as required during
the year at a rate slightly less than 6 %.
V. 84, p. 338.
REPORT.—For 1906, In V. 84, p. 623; coal (anthracite) carried In 1906,
8,690,356 tons; In 1905, 9,354,266; in 1904, 8,255,541 tons.
Year ending Dec. 31 —
Earnings of railroads
Net (railroads)
Interest, taxes and rentals
1906.
-
.
.
.
Total profits
1 lepreelatlon of plant
Interest on debentures
Dividends (7 %).
.
.
1905.
1904.
$17,050,029 $16,382,074 $15,071,124
5,875,843
6,198,114
6,379,400
2,999,957
3,016,328
2,895,139
$3,484,261
2,097,362
$3,181,786
2,525,957
$2,875,886
2,380,561
$5,581,623
$145,485
280,000
2,867,174
$5,707,743
$1,028,149
$5,256,447
$803,924
2,809,300
2,756,162
$2,288,974
$1,810,294
$1,696,361
The earnings of the coal department in 1906 were $19,619,206: expenses,
$17,521,844; net. $2,097,362.
In 1905, $20,949,555; net, $2,525,958!
OFFICERS.—Pres., L. F. Force; Treas., C. A. Walker; See., F. Al.
Olyphant, 32 Nassau St., New York
Managers.—Robert M. Olyphant, Alexander E. Orr, Chaunccy M. Depew,
John Jacob Astor, L. F. Lorec, Frederic Cromwell, David Willeox, R. Suy
dam Grant. George I. Wilber. C. A. Peabody, E. H. Harrlmnn. Dumont
Clarke and James A. Linen.—(V. 84, p. 338, 623, 867.)
DELAWARE LACKAWANNA A WESTERN RR.—(See Map.)— Oper¬
City, to Buffalo, N. Y..
547 miles, viz.:
Lines owned—
•
Miles. I ' Lines leased.
Miles.
N. J. State line to N. Y. line.
114 •Utica Chenango A Susquehanna 97
Branches to Northumberland' Ac. 80 •Valley RR. of N. Y
11
ates main line from Hoboken, N. J., opposite N. Y.
410 miles, with branches to anthracite region, Ac.,
Lines leased—(’See each Co)
•Morris A Essex Branches
157
•N. Y. Lackawanna A Western. .214
•Cayuga A Susquehanna
•Oswego A Syracuse
•Syracuse Bing. A N. Y_
34
35
81
•
Warren
•Sussex. Ac
Bangor
A. Portland
(V. 72. p. 435)._.
19
40
.
Ry.,
Total operated Jan. 1907
Ac.
75
957
HISTORY. Ac.—Original company cnartered In 1832; present title as¬
sumed In 1853.
No sub-companies (coal and mining) are controlled, the
railroad owning Its anthracite mines.
In April 1903 the entire stock of the
N. Y. A Hoboken Ferry Co. was purchased.
New Hoboken
V. 78. p. 815
terminal was opened Feb. 1907.
V. 81, p. 668, 777; V. 82, p. 1098.
DIVIDENDS— 1 *81. ’82to’84. ’85.
’86to’03. *04.
’05. '06.
1907
Since 1880, %
J 6^ 8 yearly. 7^
7 yearly. *17 *19)4 *20 Incl.Ap.5
•The quarterly dividend was Increased from \% to 2V$% In April 1905,
an extra 10% was paid both In Dec. 1904, 1905 and 1906.
EARNINGS.— Earnings of leased lines In New York only:
Apr., 1907. J
RAILWAY STOCKS AND BONDS.
49
!
! Site,
RAILROADS.
For
explanation of column headings, Ac.. see notes
on first page of tables.
Miles
Date
of
of
Road. Bonds.
Denver fic Rio Qrande—Stock common (see text)-.
First
mortgage for $42,000,0001
first mortgage)
Jgold.. Us.c*
cons
now
(1,667
;
! 11,667
j 1,667
Rio Grande Junction first mortgage guar
Ce.c*
Rio Grande Western 1st M gold (V 69, p 284)_Ce.c*
First cons M redeem at par (see text) gold.Mo.c*
Utah Central 1st M guar. (V 68, p 724) gold..Mo
Utah Fuel Co 1st M $2,000,000 redeem at 110-Mo !
Pleasant Valley Coal 1st M s t redeem 115
Mo
180
62
657
657
36
.
Equipment bonds Series A gold $75,000 due seml-an ji
Denver Yellowstone fic Pacific—1st M $8,750,000 i
’ J
Des Moines fic Fort Dodge—Common stock
1
Preferred stock 7 % non-cumulatlve
First mortgage gold guar prln & Interest--Ce.c*ficr
Second M $1,000,000 gold redeemable at 105— Ta
1886
1886
1888
1890
1889
1889
1899
1898
1901
1898
1-903
1906
i
143
75
4
189
189
65
1905
1906
1901
1887
1878
1878
Par
Amount
Rate
When
Value.
Outstanding
%
Payable.
$100 $38,000,000
100 45,754,400
500 ficc 33,517,000
1,000
6,382,500
500
8,335,000
1,000 x2,277,000,
2,000,0001
1,000
1,000 "ficc 15.200,000!
1,000 ficc 13,736,6001
y650,000:
1,000
1,000
810,000|
1,000
1,094,000
1,000
975,000,
1,000 See text. !
200
763,500
3,072,000
600,000
1,000,000
.
1,000
950,000i
1,050,000!
1 000!
1,250,000
100
100|
...
Gross
Net after taxes
Coal department (net)
Other miscellaneous income
$32,962,879 $31,951,064 $28,701,991
$12,490,438 $13,123,004 $12,049,217
Total net Income
Interest and rentals
$16,989,812 $17,061,967 $16,191,419
$5,324,596
$5,368,196
$5,339,407
*3,655,119
844,255
*3,445,477
696,725
643,537
196,644
646,233
242,926
3,446,719
5,551,619
3,587,486
(10 %)2.620,000(10)2,620,000(7) 1,834,000
2,620,000
2,620,000
2,620,000
Rentals, advances, ficc
Renewals and betterments
Dividends
Extra dividend (10%)
sur.,
*3,295,426
-
$587,071
after dividends
$2,698,429
$2,319,871
Earnings of tin* coal department In 1906, $38,564,171; expenses, $34,909.052; net, $3,655,119; 1905, $41,226,647; expenses. $37,931,222; net,
$3,295,425; 1904, earnings, $38,593,998; net, $3,445,477.
•
OFFICERS.—Pres.. W. H. Truesdale;
Chairman of Board,
Sloan: Sec. and Treas., Fred F. Chambers. 26 Exchange Place, N.
•
Samuel
Y.
BOARD.—Samuel Sloan (Chairman), Fredk. W°. Vanderbilt, Wm. H.
Moore, Eugene Higgins, Henry A. C. Taylor, J. Rogers Maxwell, Geo. F.
Baker, Wm. Rockefeller, Hamilton McK. Twombly, James Stillman, M.
Taylor Pyne, Harris C. Fahnestock, Frank Work, John D. Rockefeller Jr.—
(V. 82, p. 509, 1097. 1156; V. 83, p. 625; V. 84, p. 445, 449,931.)
DELAWARE MARYLAND fit VIRGINIA RR.—Owns from Harrington
to Franklin City, Va., 78 miles; Georgetown to Rehoboth, Del., 19 miles;
total, 97 miles.
Controlled by Phila. Balt, fib Wash., which owns $326,200
of the $526,758 stock (par $25), and so by Penn. RR.
See V. 50, p. 498.
In year ending Dec. 31 1906, gross, $314,038; net.incl. other Income, $37,531; Interest, taxes, fibc., $50,709; balance, deficit for year, $13,178—but
this does not Include interest on floating debt (of $731,890 Dec. 31 1905).
DELAWARE RIVER RR. fib BRIDGE CO.—Owns a bridge over the
Philadelphia and about 10 miles of connecting railroad.
Capital stock ($1,300,000) is all owned by the Pennsylvania RR., which
guarantees bonds, principal and Interest, by endorsement.
Dividends:
Dec. 1900 to June 1906, incl., 4% yearly (2 J. fic D.); Dec. 1906, 3%. Sink|
fd., 1%; bonds cannot be called. Guar’ty.V. 63, p.1062; 1159; V.83, p.1524.
DENISON BONHAM fib NEW ORLEANS RY.— Bonham Jet. to Bon¬
ham, Tex.. 24 miles.
Operated since completion, Dec. 1 1901, by the Mo.
Kans. fic Tex. under a 10-yi. contract.
In Apr. 1907 extension from Ra¬
Stock, $50,000.
venna to Gilmer. Tex., about 150 miles, was proposed.
In Nov. 1905 permission was given to register $325,000 30-year gold bonds;
none outstanding Sept. 1906.
V. 76. p. 381; V. 81, p. 1610. Pres., Ed.
D. Steger; Sec., John W. Russell.—(V. 77, p. 823; V. 81. p. 1610.)
Delaware River near
DENVER fib INTER-MOUNTAIN RY.—Embraces 27 miles of track, of
which 22 steam. Denver to Ralston, and 5 trolley, Denver to Barnum.
Ex¬
tensions are proposed.
Stock, $514,300; flpar $100.
V. 78. p . 2334.
$33,679; not
For 1904-05, gros«
$12,447.
Pres.. Samuel Newhouse;
Treas., F. W. Loveland; Sec., William Morrison.—(V. 83, p 36.)
DENVER ENID fib GULF RR.—Guthrie, O. T.. northwest to the Kansas
State line at Kiowa. Kan., 119 miles.
The Atch. Top. fib Santa Fe In Jan.
1906 acquired the entire stock.
V. 82, p. 99. Extension proposed from
Guthrie to Oklahoma City, 31 m.
In Apr. 1907 an extension was under con¬
struction, from Kiowa, Kan., via Medicine Lodge to Belvldere. under charter
of Denver Kan. fib Gulf, of which 14 m. opened.
Stock authorized, $15,000,000; outstanding, $1,900,000; par of shares, $100.
Bonds limited to
$20,000 per mile.
V. 77, p. 769; V. 82, p. 99.
For year ending June 30
1906, gross,
$164,756;
oper.
def., $1,660.—(V. 83,
p.
562.)
DENVER NORTHWESTERN fib PACIFIC RY.—Building from Denver to
Salt Lake, about 575 m.. along a line about 100 m. south of the Union Pac.
and 125 m. north of the Denver fic Rio Grande.
In 1905 113 miles, Denver
to Sulphur Springs, Col.. were opened.
Extension from Sulphur Springs to
Krcmmllng, 18 m., was completed June 1906, grading being in progress
from Kremmling to Steamboat Springs, 88 miles, the last-named point
being 364 miles from Salt Lake.
See V. 75, p. 289; V. 78, p. 1108; V. 80,
p. 1362.
N. W. Terminal RR. proposed.
V. 79, p. 1704; V. 81, p. 1315;
V. 82, p. 1211.
In June 1905 a syndicate headed by Wm. L. Bull of New
York agreed to finance the road.
V. 81, p. 155; V. 82, p. 627.
Incorporated in July 1902 with $20,000,000 authorized stock, of which
$10,000,000 pref. 5% non-cum.. all to be Issued for construction, together
with $20,000,000 Of the $22,500,000 4 % bonds. V. 75 p. 1147; V. 79, p 102.
Pres
David H. Moffat: VIce-Pres., W. G. Evans; Treas., Thos. Keely; Sec.,
F. B. Gibson. Directors. Jan. 1906, V. 82, p. 49. —(V. 82. p. 49. 627, 1211.)
DENVER &
RIO
GRANDE RR.— (.See Map.) —ROAD.—The lines
owned and controlled are well shown on the adjoining map.
.
Miles. I
Road owned and operated
2.462j
Rio Gr. Jc. RR.. fibc. (leased)..
701
Miles.
Of the preceding;
Standard gauge
! Narrow gauge only
Total June 30 1906
Rio Grande fib Southwestern
2
5321 2d track and 3d rail
1,619
913
208
RR.. Lumberton Station. CoL. 33 m. south¬
easterly. is operated on basis of 25% of gross earns.
V. 79. p. 9<»7. Two
branches, 20 miles, completed during 1905-06.
V. 83, p. 568.
J Office, 195 B’way,
J Fourth Nat Bank,
J!
N Y
N Y
do
do
Di
do
J Maitland,
D
do
do
Coppell, N
do
JiMorton Trust Co, N Y
do
do
O!
Oi
do
do
Si
do
do
J
do
do
Nj Blair fie Co, New York
J Internat Tr Co, Boston
Jan
Jan
15*0P2H %
1
Jan
1
June 1
1936
1936
1928
July
1
1940
Dec
1
1939
July 1 1939
i April 1 1949
!jan 1 1918
Mar
1
1931
July
1
1928
;Nov ’07-May '18
Jan
1
1936
4 g
4 g
Aug 1 1906 5 %
Jan
1
1935
April 1 1035
July 1 1931
fie
fie
&
fie
fie
&
Oi
J Colonial Trust Co, N Y
N Central Trust Co, N Y
O New York and London
do
O:
do -
fie
fie
fie
J,H K McHarg, New York Jan 2’07 2H %
D, J P Morgan fie Co, N Y June 1 1995
D
do
June 1 1995
do
fib
fie
fie
fie
fie
S H B Hollins fib Co. N Y Mar 1 1941
Di
do
do
|Dec 1 1955
do
Ai
do
lAug 1 1980
D U S Mort fie Tr Co, N Y June-Dee, 1908
D'H B Hollins fib Co, N Y To June 1915
O Merc Tr fie Dep Co, Balt To Oct 1 1912
JiFarmers L fie T Co, N Y
Nov 1 1917
Nov 14 1918
Nov 15 1918
Jan 5 1907 2 %
100] 12,500,000
.
Gross.
$11,674,806
11,285,232
.
&
fie
&
fie
&
fie
fie
fie
fie
fie
fie
&
fie
August !25 Broad Street, N Y
fie
J Central Trust Co, N Y
671.000
ficc
100
Int.,taxes.,&c.
BaL.sur.
Net.
$3,494,507
$5,958,425 $2,463,918
5,832,607
2,454,268
3,378,339
ANNUAL REPORT.—Annual meeting Is held on Tuesday preceding last
Friday In February.
The report for 1906 was in V. 84, p. 445; see also
editorial, p. 421.
The following includes all lines except Syrac. BIngh.fib
N. Y., Sussex RR., Bangor fib Portland and Lack, fie Montrose RR.
Year ending Dec. 31—
1906.
1905.
1904.
Passenger earnings
$6,216,624 $5,529,002 $5,215,919
Freight earnings
23.245,274 23,224,372 21,568,693
Miscellaneous
1,917,379
3,500,981
3,197,690
12 Mos. End. Dec. 31.
1»06
1905
In 1906
4 g
2,000,000
3,200,000
1,350,000!
100
Second preferred 5% non-cumulatlve $5,000,000..
1901
263
1,000
Detroit Southern—Ohio So DIv M
Ce
1905
All.
1,0001
General lien & division 1st M $4,253,000 gold_>N.c*
1905
1,0001
Consolidated mortgage $22,500,000 gold
K.c* Text.
1905
i,ooo!
Notes for Ann Arbor redeem 102 H yearly
Usra
1905
1,000
Equip trust notes gold (V 82, p 99) $207,000 yrly.Ta
Detroit Southern car trusts due $40,000 yearly—
uarantee
! d.
x Of which $1,677,000 In treasury: there are also $2. 233,00 0 not g
—
In 1906 J
4 g
J
J
4H
5 g
J
4 g
J
5 g
J
4 g
J
A
4 g
4 g
A
5 e
M
5 g
J
M
4H
5 g
J
Where Payable, and by
Whom
Bonds—Princi¬
pal, When Due
Stocks—Last
Dividend.
4,283,1001
1,000
1,000
1,000
1,000
1,000
—
1895
1895
INTEREST OR DIVIDENDS.
*
or
100
100
Des Moi la F fic No—1st M $14,000 p m gold red-Col.c*
Des Moines Union—1st M for $800,000 gold
Ce.c*
Detroit Qrand Haven fit Milw—1st equip M guar
c*
Consol mortgage guaranteed (option—see text)..c*
Detroit Hillsdale fife S W—Stock 4 % rental LS&MS
Detroit Grand Rapids fic Western—See Pere Marquette 'RR.
Detroit Lansing fic Northern—See Pere Marquette RR.
Detroit fit Mackinac—Pref stock $1,000,000 auth.
"First lien” $1,500,000 gold
Mo.c* All.
f
"Mortgage bonds" $1,750,000 gold red at par.Mo c* All.
Detroit Toledo fit Ironton—Common stock $12,500,000
First pref 4 % non-cum (pref as to assets) $7,500,000
Bal.,
[VOL. LXXXIV,
RAILWAY STOCKS AND BONDS
50
7,500,000
5,000,000
4,495,000
4,253,000
2,776,400
5,500,000
1,863,0001
240,000
y Of wh
M
4 g
4 g
J
4 Vi g F
5
J
4H e J
4H e A
fie
In tre asury.
HISTORY.—Reorganization of a railway company of same name fore¬
closed July 12 1886. The Rio Grande Junction Is leased Jointly by this co.
and the Colorado Midland, and its bonds guaranteed. The Col. Midland Is
controlled by parties Interested severally in the D. & R. G. and Colorado
fis Southern.
V. 70. p. 739.
The Rio Grande Southern Is controlled.
The Missouri Pacific early In 1901 acquired $14,800,000 common and
$7,300,000 preferred stock, this, together with the Rockefeller interests. It
is understood, constituting a considerable majority of the entire stock.
V. 72. p. 338, 580, 1238; V. 73. p. 506.
D. fie R. G. and Rio Gr. West, own two-thirds of the stock and have given
a traffic guaranty to the Western Pacific Ry. (which see), building from
Salt Lake City to San Francisco.
V. 81, p. 845; V. 83, p. 568.
’92. *93. ’94. ’95. ’96. ’97. '98. ’99. ’00.’01 to Jan.'07.
0
2
0
0
2
2
2 ^
4
4
5 yearly
STOCK.—During 1901-02 pref. stock was Increased from $23,650,000 to
$44,400,000, to acquire the Rio Grande Western stock.
V. 72, p. 775.
In
Dec. 1905 $1,312,700 pref. stock Issued to acquire Rio Grande Southern
stock, and for Improvements, and in Mch. 1907 $48,700 was listed, raising
the amount outstanding to $45,754,400.
V. 84, p. 507.
BONDS.—Consols of 1886 for $6,900,000 originally reserved for exten¬
sion to Ogden were available for capital requirements, of which part issued.
V. 73, p. 507.
See abstract of mortgage in 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
N. Y. Stock Exchange. V. 50, p. 73; also V. 69, p. 284.
Utah Fuel 1st 5s:
of 1931, see application to list, V. 78, p. 1171, 1178, 1548, 2015.
The Rio G. W. first consol. 4s of 1899 are secured by a first mort., either
on
DIVS. since ’911
preferred, %. .J
by all their securities, on 219 m. of branch lines, and further by
road', and on all new mileage
also by a first lien on the en¬
tire $10,000,000 stock of the Utah Fuel Co; $15,200,000 are reserved to
retire 1st M. 4s of 1939 and additional amounts may be issued at $20,000
per m. for future branches and extensions or for underlying liens of acquired
roads.
See application to list In full.
V. 7 2, p. 775, 1189.
V. 72, p. 537.
List of collateral June 30 1906, V. 83, p. 570.
directly
or
second lien on 438 m. of main line and other
to be constructed and rolling stock purchased;
a
LATEST EARNINGS.—From July 1 to Feb. 28, 8 months.
Net.
Oth. Inc.
Gross.
Charges.
1906-07
$14,079,121
$5,253,442 $148,673
$2,839,706
1905-06
13,162,292
5,249,979
160,709
2,775,838
8 Months—
ANNUAL REPORT.—Full report for 1905-06 in V. 83, p.
cluding the Rio Grande Western.
See p. 524.
Year end. June 30—
1906.
1905.
1904.
Bal.,sur.
$2,562,4092,634,850
560, 568, in¬
1903.
Average miles operated.
2,477
2,420
2,398
2,378Gross earnings
$19,686,115 $17,031,507 $16,446,434 $17,304,55&
Net earnings..
7,581,943
6,862,547
6,387,991
6,674,709Other Income
262,124
192,133
214,345
209,717
Total net Income
Interest on bonds
Taxes and insurance
Betterments, ficc
Miscellaneous
Div. on pref. stock,
5%.
$7,844,067
$3,191,907
737,502
1,150,000
322,185
$7,054,680
$3,182,573
761,038
283,915
298,617
$6,602,336
$3,170,802
671,470
305,651
$6,884,42ft
$3,083,404
662,041
436,797
296,420
2,285,635
2,250,000
2,220,000
2,220,000-
Balance, surplus
$234,413
$185,764
$156,839
$278,537
OFFICERS.—Chairman of Board. George J. Gould; Pres., E. T. Jeffery;
Vice-Presidents, Chas. H. Schlacks and A. C. Bird; Treas., J. W. Gilluly;
Sec. and Compt., Stephen Little.
Office, 195 Broadway, N. Y.
Directors—George J. Gould, Winslow S. Pierce, E. T. Jeffery Edwin
Gould, Howard Gould. A. H. Calef and Arthur Coppell, New York; Charles
H. Schlacks and Joel F. Valle, Denver, Col.—(V. 84. p. 507.)
DENVER YELLOWSTONE fit PACIFIC RY.—Projected from Denver*
CoL, northwesterly to Walcott, Wyo., on the Union Pacific, about 250 m.fc
via Fort Collins Encampment and North Park, of which Walcott to Grand
Encampment, 48 m., was to be completed about August 1 1906. Projected
ultimately to Boise and Dubois, Idaho, tapping Yellowstone Park.
Stock
authorized. $10,000,000, of which $3,000,000 is 5 % non-cum. pref. Of tho
bonds. $1,650,000 are Issuable on first 48 miles, balance at $35,000 per mile.
V. 82, p. 280.
Pres., E. H. Power; Sec., E. S. Chenowlth.
Office, Boston,
Mass.—(V. 82, p. 280.)
DES MOINES fic FORT DODOE RR.—{See Map Minneapolis A St
Louis.)—Owns Des Moines to Ft. Dodge, la., 88 m., and Tara to Ruthven,
55 m.; trackage. Illinois Central, Tara to Ft. Dodge Jet., 6 m.. included
On March 1 1104 Minneapolis & St. Louis acauired $2,530,000 of
above.
the outstanding $4,283,100 com. stock, and guarantees the.$3,072,000 first
mortgage 4% gold bonds Issued to retire all the outstanding bonds which ma¬
tured Jan. 1 1905; the Minn. & St. Louis leases the road for 30 years from
Jan. 1 1905; all Income over charges, improvements, ficc., to be paid tolessor.
V. 79, p. 268, 1704, 2085.
Form of guaranty, V. 79. p. 2696.
Preferred stock is entitled to 7%, non-cumulatlve, then common to 7%
after which both share equally.
The stockholders June 8 1906 authorized $1,000,000 second mortgage
bonds, of which $600.000-was used to pay floating debt Incurred for im¬
provements and refunding, the common stock being raised from $4,283,100
to $5,335,600 and the preferred from $763,500 to $1,164,000 to make this
possible.
V. 82. p. 1322.
DIVIDENDS.—
\ ’93. ’94. ’95. '96 to’98. ’99 to ’03. ’04. ’05. '06.
On preferred
%j
4
6 y’rly.
7 y’rly.
5
2
4
5
5
Pres., Edwin Hawley; Vlce-Pres.. L. F. Day; Treas., F. H. Davis; Sec.,
\Y. S. Cntndell.
Gross earnings for year ending Dee. 31 1905, $514,071;
net, $207,017; taxes and interest, $161,064; surplus, $45,953.—(V. 82,
p. 1211, 1322.)
DES MOINES IOWA FALLS fic NORTHERN RY.—Iowa Falls. Ia., to
Des Moines. 75 m.; completed Aug. 1903.
In Dec. 1905 Wm. A. Bradford
Jr. of New York acquired control.
Extension north to Mason City, 45 m.
is
building under charter of St. Paul fic Des Moines RR.
V. 81. p. 1723.
BONDS.
RSAATILONWCKDY
1a9p0e7..,]
52
RAILWAY STOCKS AND BONDS.
RAILROADS.
For
explanation of column headings, &.C..
on first page of tables.
see
notes
t
Det & To! Sh L—1st M $3,000,000 pgup 4 LMe.c*
Arj
Dover & Rockaway—Stock 6% rental 999 years
!
Dub & Sioux City—Ill Cent W lines 1st M g__ Us.c*
<Scr;
Iowa Falls A Sioux City 1st M Iowa Falls to SlouxCyi
Cher A Dak
C R 4 C and Omaha Dlv etc 1st M
Duluth & Iron Range—First mortgage
Mp.c&r
Second M currency redeem at 105 $5,000,000-_Ce.c*
Duluth Missabe & Northern—First mortgage gold s f
First consol M $3,500,000 gold call at 105._z
Cei
General M gold
N
Dul R LA Win—lstM$2,000,000 g red 105 beg’ll.IC.c*
Duluth So Sh & Atlantic—Marq H A On gen M.Ce.c*
Duluth South Shore & Atlantic 1st M gold.Ce.cAr:
First consol mortgage gold interest guar.Ce.c*Ar;
Income certs ($3,000,000 held by Can Pac July 00)
j
Car trusts Dec 31 1900__
j
Car trusts guar by Can Pac, due monthly
Dur & So Car—1st M $300,000 gold red 105
MeBa
Durham Union Station—1st M $75,000 g
.Sc'&r
Dutchess County RR—1st M gold guar (text) ..Me.c*
East Mahanoy RR—Stock
!
East Pennsylvania—Stock 6 % guar 999 yrs Phlla A R
First M gold guar p 4 I by P 4 R RR (end)_.c*j
East Tennessee Virginia & Georgia—See Southern
Ry.[
East Tenn & W No Car—1st M $500,000 gold. OuP.c* I
Eastern Ry of Minnesota—See Great Northern
!
El Paso & Northeastern—N M Ry & Coal M gold .Col
N M Ry A Coal coll trust gold redeemable at 105.
N:
Alam A Sac Mt first M $900,000 gold guaranteed
N
El Paso A Rock Isl first M $2,500,000 gold..Col.c*
Dawson Ry A Coal coll trust gold guar p A i-.Col.c* j
El Paso Union Pass Depot—1st M g $240,000 s f..Ta
.
_
.
Miles
Date
of
of
Size,
48
INTEREST OR DIVIDENDS.
or
Par
Value.
Road. Bonds.\
1903
:
12)
1906
1905
1905
1890
36
j
1,000
1,000
500,000
1 651
31
128
133:
1 ,000
b37 2,000'
2,500,0001
3 ,000,000'
1,000
240,0001
1,000
1905
DETROIT GRAND HAVEN & MILWAUKEE RY.—{See Map
Trunk Ry.)—Owns from Detroit to Grand Haven Mich., 189 miles.
a3,000,000'
$1,000
1,0001
l.ooo:
8,500,000
1,000
500,000
500,000)
500,0001
50
50
963,000'
1,000
500
Northea
A
re¬
,
clateslacquired
control.
BONDS.—“Mortgage bonds” for $500,000
wrere reserved for betterments
Ac., at not over $50,000 per year.
V. 74, p. 629.
In addition to the
amounts shown above as outstanding. $450,000 “first lien” and $200,000
“mortgage” bonds were on June 30 1906 held In the treasury.
Equipment
notes (5s), $153,333, due $6,667 monthly to July 1910 inclusive; loans and
bills payable June 30 1906, $210,000.
STOCK.—The capital stock is $3,000,000, of which $2,000,000 common
and $1,000 000 5% non-cum. preferred.
See V. 74, p. 629. Dlv. on pref.,
2 y2 % July 1 1903; since to Jan. 1907, 5% yearly
,
LATESTJEARNINGS.—j 1906-07
Gross, $831,418; net, $150,380
July nto Feb. 28.\1905-0G
732,407; net.
Gross.
183,435
EARNINGS.—Report for year ending June 30 1906 was in V. 83, p. 1168,
Gross, $1,154,826; net, $281,693; Int.. taxes, &c., $198,207; penalty on
back taxes, $30,728; pref. dlv. (5%). $47,500; bal., sur., $5,257.—(V. 82,
p.<(1379: V. S3, p. 969. 1168.)
DETROIT RIVER TUNNEL CO—See Michigan Central.
mos.,
DETROIT TOLEDO & IRONTON RY.—(See Map.) —Operates from De¬
troit, Mich., to Ironton. via Lima. 381 m.. Including 43 m. of trackage;
branches. Kingman to Sedalla, O., 31 m.; Jackson to Cornelia, 20 m., and
Llsman Jet. to Dean, O., 3m.; total, 435 m.; coal mine tracks, yard tracks
and sidings. 121 m.
Outlet for bituminous coal of Southern Ohio.
In
June 1905 control of the Ann Arbor RR. was acquired (see “Bonds” below.)
V. 81, p. 264; V. 82, p. 509.
The same Interests will build an independent line from Ashland, Ky., to
Pound Gap, 125 m., affording connection with 350 000 acres of coal lands
owned, and will use the bridge to be built across the Ohio River between
Ironton and Ashland, under the name of the Kentucky A Ohio Bridge Co.
1379.
ORGANIZATION.—Incorporated May 1905 as successor, per plan V.
80, p. 650. of Detroit Southern RR
foreclosed, subject to Ohio Southern
Division mortgage.
V. 80, p. 2344, 1856.
STOCK.—Common stock representing control (par $100)
$12,500,000
1st pref. 4 % non-cum.. with preference also as to assets and con¬
vertible at option of holders into 2d preferred
7,500,000
2d preferred 5 % non-cumulatlve (par $100)
5,000.000
BONDS.—Gen, lien and dlvls. 1st 4s are secured by mort. on entire sys¬
tem. Including future property, except Toledo terminal.
The consol. 4 Hs cover the whole system and are also a first lien upon the
stock of the Toledo Southern RR. and all additional mileage constructed
or acquired
by means of bonds other than the. $2,675,000 first Issue.
In March 1906, $101,400 consol. 4Hs were Issued in exchange at par for
part of Ann Arbor minority stock.
V. 82, p. 509.
The $22,500,000 consols were Issuable as follows:
Reserved to retire Ohio Southern Division bonds
$4,500,000
do
do
general lien and divisional 1st M. 4s
4,253,000
do
do
car trust notes
320,000
Issued for assessment and to syndicate for cash
2,675,000
Reserved for corp. purposes at not exceeding $750,000 yearly
2,500,000
Reserved especially for extensions, terminals at Toledo or else¬
where, Ohio River bridge or bridges Improvements, Ac
8,252,000
The 5 % notes of 1905 i$5.500.000 present issue) are secured by $3.001.000
Ann Arbor preferred and $2,190,000 common stock and $5,000,000 Det. T.
&, I. consols.
A further $1,500,000 may be issued to acquire remaining
Ann Arbor stock.
V. 80, p. 2457, 2620: V. 81, p. 155.
f
tern
do
York
York
or
Jan
Apr
Aug
Oct
Oct
Jan
Jan
Jan
Jan
Jan
1 1953
1907 3 %
1 1951
1 1917
1
1
1
1
1
1
April 1
Jan
do
London
Aug
1
1
Dec 31
l
5 g
M
A
N'Guar
A
A
A
A
o!Colonial
A
*
5
6
5
5
3
5
5
5
5
7
6
5
g
g
g
g
g
g
g
g
Ry.
A
A
J
J
J
M
J
M
J
J
A
A
A
A
A
A
A
A
A
A
1937
1916
1922
1923
1941
1916
1925
1937
1990
1912
To Jan 1911
July 1 1935
May 1 1955
June 1 1940
Dec 15’06
Jan 15 ’07 3 %
Mar
1 1958
Tr & S D Co, Phlla Nov
1
1935
1
1951
i
Trust
Co, N YjOct
O'
do
do
Oct
1 1947
O1
do
do
April 1 1928
J!
do
do
Jail
1 1951
J
do
do
July 1 1951
J Trust Co of Amer, N Y Jan 1 1916-1935
N 71 Broadway, New York May 1 1941
J Nat Bank of Comm, N Y‘July 1 1924
N Broad St Station. Phila May 1907
J
do
do
Jan 1907
J
do
do
1 1910
IJan
o:
do
do
Oct
1 2862
.
REPORT.—For year ending June 30 1906 in V. 83, p. 1034, showed:
Entire System (including Ann Arbor.)
Year.
Gross.
Net.
Oth. income. Int.&taxes.
Balance.
1905-06
$4,090,209
$1,343,181
$34,262
$1,217,679
sur. $159,764
3,390,892
738,925
15,673
def.
775,193
20,595
Detroit Toledo <fe Ironton Proper.
$1,914,977
$559,630
$5,996
$836,567
$270,941
1904 05
1,468,299
153,696
440,590
286,894
Interest charge in 1905-06 Includes $275,000 Interest on collateral trust
notes,issued for Ann Arbor stock.
See V. 83, n. 1034.
Pres., Eugene Zimmerman; Sec. and Treas., G. Caspar Niles.
Office to
be at Detroit.—(V. 83, p. 969, 1034, 1170; V. 84, p. 569.)
DETROIT & TOLEDO SHORE LINE RR.—Extends from Toledo to
(suburbs of) Detroit, 47.6 m.; 2d track, 20 m.; sidings, 3 m.;
trackage over
Toledo Ry. A Terminal Co., Ac., 31 m.; total track, 101.6 miles; laid with
80-lb. steel rail.
See V. 78. p. 2598.
The Grand Trunk Western Ry. and the Toledo St. Louis A Western
RJR.
own the entire stock and jointly guarantee
the bonds, principal andjinterest,
by endorsement.
See form of guaranty, V. 76, p. 653.
The unissued bonds
are reserved for extensions and improvements.
Pres., T. P. Shonts.—(V.
77, p. 88. 250, 628; V. 78 p. 2442. 2598.)
DUBUQUE & SIOUX CITY RR.— (See Map of Illinois Central.) —Owns
Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux City, 184 m.;
Manchester to Cedar Rapids, 42 m.; Onawa, Iowa, to Sioux Falls, Dakota,
155 m.; Cedar Falls to ^Hnnesota State Line
(merged by consolidation In
1896), 76 m.; Tara Station, near Ft. Dodge, la., to Council Bluffs, 130 m.;
total owned. 730 m.
Grand
organization of Sept. 1878.
The principal and Interest on the bonds are
guaranteed by the Grand Trunk of Canada.
Stock, $1,500,000; par. $50.
Real estate bonds or mortgages, $226,000.
On June 30 1906 sundry out¬
standing aects., $285,900.
Grand Trunk of Canada owns entire stock.
Decision holding tax limited to 1% on capital stock Det. A M. RR.,
V. 82. p. 9 86.
EARN I NGS.—2 mos., 11907
Gross, $271,550; net, $32,606
.lulyfl to Feb. 28.
/1906
.Gross,
248.678; net.
18,665
f*"
For year ending Dec. 31 1906, gross, $1,739,212; net, $442,759; charges,
$360,991; bal., sur., $81.768.
For 1905, gross, $1,480,903.—(V. 82. p.986.
DETROIT HILLSDALE & SOUTHWESTERN RR.—Owns Ypsilantl,
Mich., to Bankers, Mich., 65 m. Leased in perpetuity July 1 1881 to the
Lake Shore A Mich. Southern Ry.; rental, $54,000 per year—4 % on stock.
DETROIT MACKINAC & MARQUETTE RY.—SEE MISC. COS.
r- DETROIT & MACKINAC RY.—Owns from Bay City, Mich., to Cheboy¬
gan. 195 m.; Rose City Branch, 32 m.; Prescott Branch, 12 m.; Lincoln
Branch, 14 m.; Au Gres Branch, 8 m.; various logging branches (largely
temporary), 81 m.; total, 343 m.
Extension north from Tower to Cheboy¬
gan, 22 m
was completed in July 1904. and to be continued to Mackinaw.
23 miles further.
Extension from Alpena to Atlanta, 36 miles, was under
construction April 1907.
In 1905-06 carried 1.109.055 tons, of which
forestfproducts furnished 53.41%.
In 1902 Henry lv. McHarg and asso-
570.000
|
J
A New
New
J
A
J Merchants’ Tr Co. Balt
A
N Standard Trust Co, N Y
D Fid I T A S D Co, Phlla
A
D 15 Reading Term, Phila, Pa
A
J!Phlla A Read Ry, Phlla
A
S
do
do
■
2,000,000
A
A
J
J
M
(6) g J
5
J A
6
J
4 g
M
5 g
5 g
350,000, 4 H
1905
1901
1897
1898
1901
1901
.
...
4H
54,000 i
1888
J
F
...
300,000!
50
50'
-
t
34
5 g
4 g
4
149,9841
497,750
1,730,450
495,000
-
"36
Western, Chic. MUw. A St. P. Ry., Chic. Burl. & Quincy RR., Des Moines
Iowa Falls A Nor’n Ry. and Minneapolis A St. Louis RR. V. 75, p. 342.
Rental equal to expenses and fixed charges paid monthly by lessees on
wheelage basis.
Stock authorized, $2,000,000; outstanding, $400,000; par,
$100.
V'ear 1905-06, gross, $236,789; net, $53,660; charges, $53,660.—
(V. 75. p.|342.)
3,816,000
15,107,000
1,000 Ac
1,090
DES MOINES UNION RY —Terminal road in Des Moines; owns 4 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 statement to N. Y.
Stock Exchange In V. 65, p. 1173.
Leased to Wabash RR., Chicago Great
,
%
.
Where Payable, and by
Whom.
4 g
$2,116,000
A
J
J Merchants Tr, Co, N Y
6
A
A
140,000
O 143 Liberty St, New York
4 g
5,425,000
F
A
A Office, 11 B’way, N Y
7
A
2.800,000
A
Oj
do
do
8,930,000 Illinois C entral bo nds or collateral therefor.
5
A
6,732,000
A
O Office, Empire Bldg, N Y
See text.
6
J
A
J i
do
do
1.174,000
6 g
J
A
J
1 275,000
6 g
J
A
J Central Trust Co, N Y
5 g
5.543,000
J
A
J New York Trust Co, N.Y.
5 g
2,000,000
J
A
J Chase Nat Bk, NY; A Chi
1 ,077,000
6
A
A
O 44 Wall Street, New York
&c!
1,000;
ioo
Stock authorized, $1,200,000; outstanding, $881,400 June 30 1906; par
of shares, $100 each.
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.
For the year ending June 30 1906, gross. $169,025;
net, $33,382; total deductions, $73,303; bal., def., $39,921.
Pres., W. A.
Bradford
Jr.; Sec. and Treas., G. A. W. Dodge.—(V. 82, p. 333.)
p.
1904-65
Outstanding
236,213
30
Bonds—Principal. When Due.
Stocks—Last
j
Dividend.
;
When
Payable, j
Rate
j
3,000.000
_
Vj81.«p. 777, 1492; 1610; V. 82,
Amount
$1,000
1892
Elgin Joliet & Eastern—First M ($10,000,000) g.Ce.c*!
Is I i 1891
Elmira & Lake Ont—Sodus Bay A So—1st M g.Un.c
34
1884
Elmira & Williamsport—Stock common 5 % rental N C
75 lA
Preferred stock 7 % rental 999 years Northern Cent
75H
First mortgage
75 Hi I860
!
Income bonds 999 years to run
1863
_c*
Includes (a) $208,000.
(b)$50,000 in treasury1 of El Paso A
8
1
100
218
1895
1,000
184
1869
500 Ac'
328 ’88-’00
210
1887
i jioo’ Ac’
210
1896
1,000 Ac
65
1892
130
1893
1.000
215
1906
1,000
1906
1,000
156
1885
1,000
416
1887
1,000
572
1890
1,000
—
[Vol. lxxxiv.
....
ORGANIZATION.—Controlled since April 1887 by the Illinois Central
RR., which owns all except a few hundred shaaes of the $15,000,000 stock
fas Increased June 1900), and has issued Its own bo*ids on the
road; the only
D. & S. C. bonds held by the public are the 7s
k*yjod under Iowa Falls A
Sioux City mortgage, $2,800,000. Lease, V. 79. p. T274.DIVIDENDS SINCE 189 I. —1895, Dec., 1; '96 3; ’97, 2; ’98, 3
>4; ’99, 3;
1900, 3; 1901, 14: 1902, Jan.. 1.—(V. 70, p. 1290.).
DULUTH & IRON RANGE RR.—Owns Duluth to Ely. MInn., 119
miles,
with branches to Mesaba Range Mines, Fayal, Ac
65 m. Owns ore-docks
and yards on Lake Superior costing over $1.500,000.
,
.
STOCK, &c.—Stock
authorized,
$10,000,000; outstanding $3,000,000;
Land grant from Minnesota about 506,000 acres, of which
par $100.
201,790 acres had been patented to it prior to April 30 1895; V. 64. p. 1041.
Federal Steel Co. tsee U. S. Steel Corp.) owns the stock and $3,500,000 of
the $4,500,000 2d mortgage bonds
(V. 66, p. 1237.)
First mort. bonds
authorized, $25,000 per mile for construction and $7,000 for equipment.
Dividends prior to 1900 aggregated 100 %; in 1901-02, 6%; in 1903-04, from
accumulated surplus, 150%, and in Sept. 1905 05%, and Jan. 190G 40%.
V.'79. p. 2085.
Year ending June 30 1906, gross, $7,757,636; net, $5,182,319;
other In¬
come, $135,729; charges, taxes and depreciation, $1,540,010; construction
and special deprec'n, $1,850,220; bal., sur., $1,927,818. — (V. 79,
p. 2085.)
DULUTH MISSABE & NORTHERN RY.—Owns from Duluth to Moun¬
tain Iron, Minn., 77 miles; branch from Alborn
northwesterly to Buckeye
Mine, 54 miles (opened Sept. 1906); other branches and spurs, 84 miles;
trackage to Union Depot, Duluth, 2 m.; total, 163 m. Entire $4,112,500
stock and $1,967,000 of bonds owned by Lake Superior Consol. Iron
Mines,
and so by United States Steel Corporation.
V. 72, p. 1038.
Of the general 5s of 1906, $1,600,000 were Issued for
part cost of Alborn
branch, 54 miles, and $3,943,000 to retire the 2nd 5s, paid off July 1 1906;
of the Issue, bonds are reserved to refund the 1st
consols., balance for new
construction and
equipment. V. 82, p. 1101.
In 1903-04 paid dividend of 150% from accumulated
surplus and in Sept.
1905 70% and Jan. 1906 40%.
V. 79, p. 2085.
For year ending June 30
1906, gross. $8,368,489; net. $5,390,742; other Income, $187,343; charges,
taxes and deprec’n, $1,286,379; construction and special
deprec’n, $1,398.873: bal., sur., $2,892,833.
In 1904-05, gross, $6,333,817; net, $3,860,309’
—(V. 82, p. 1101; V. 84, p. 220.)
DULUTH RAINY LAKE & WINNIPEG RY.—To be
completed about
May 1907 from Virginia, Minn., north to connection with Canadian Northern
at International Falls, 98 miles, giving that road access to Duluth and Two
Harbors at the head of the Great Lakes.
Stock, $2,000,000, owned by the Virginia A Rainy Lake Co., which guar¬
the interest of the bonds.
Sinking fund yearly, beginning March
1909. amounting to two-thirds of net earnings of preceding calendar year.
V. 81. p. 558, 613, 1848; V. 82, p. 751; V. 83, p. 323; V. 84,
p. 158.
With
antees
•38 miles in full
operation, earnings
were:
LATEST EARNINGS.— J1906
Gross, $310,111; net. $128,384
11 mos., Jan. 1 to Nov. 30.11905
Gross, 183,880; net,
72.493
Surplus over bond int., $73,384 in 1906, against $31,243 in 1905.
Pres., Wirt H. Cook; Sec., David O. Anderson.—(V. 84. p. 158.)
DULUTH SOUTH SHORE & ATLANTIC RY.—Operates Duluth to
Sault Ste. Marie. 415 miles; “Soo” Junction to St. Ignace, 43 miles; other,
135 miles; total. 593 miles, Including 10 miles of trackage.
CAPITAL STOCK.—Common stock is $12,000,000; pref.,
$10,000,900;
par, both $100.
Pref. stock Is 6 % non-cum.
Can. Pac. July 1 1906
owned $6,100,000 com. and $5,100,000 pref. stock, $3,000,000 Incomes
and $15,107,000 consols.
BONDS. Ac.—Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has Interest at 4 % guaranteed
by Can. Pac., which July 1 1906 held the entire outstanding Issue ($15,107,000) in Its treasury as security for its 4 % 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.
Car trust 4 bis of 1906, V. 82, p. 452.
Due
Canadian Pacific Ry.
June 30 1906, for guaranteed interest advances.
$3,589,395; on general account. $323,013.
LATEST EARNINGS.—J 1906-07
Gross, $2,146,752: net. $660,835
8 mos., July 1 to Feb. 28.11905-06
Gross.
2,021,931; net,
679,945'
Def. under charges, $15,717, against $14,689 in 1905-06.
REPORT.—Report for year ending June 30 1906 In V. 83, p. 815.
Of the tonnage in 1905-06, ores furnished 43% lumber, Ac., 27%.
,
BONDS.
RSAATILONWCKDY
1A9PR0.7.]
54
RAILWAY STOCKS AND. BONDS.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles
For
explanation of column headings, <fcc.,
on
see notes
first page of tables.
of
[ Vol. lxxxiv.
•
[
Date
of
Road. Bonds.
Size,
or
Par
Amount
Rate
When
Value.
Outstanding
%
Payable.
Where Payable, and by
Whom.
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
Erie & Pittsburgh—Stock 7 % rental 999 yrs Penn Co
85
7
$50 $2,000 000
M
Union Trust Co, N Y
Q
Mar 9 ’07 1 H %
Special guaranteed betterment stock $2,500,000..
85
50
7
941 ,750
ii
do
do
Q
Mar 9 ’07 1 H %
General M (now first) $4,500,000 gold guar
85
1890
L'n
1,000
4,393.000
&
j
do
do
July 1 1940
Erie Railroad—Common stock $133,000,000 auth
100 112.378.900
Second preferred stock 4% non-cumulatlve
100
16,000^000 4 In 1906 Seml-an J P Morgan & Co, N Y Apr S) 1907 2 %
First preferred stock 4 % non-cumulatlve
100 47.892,400 4 In 1906 Semi -an
do
do
Feb 28 1907 2 %
A—Old Bonds Assumed—Roads Consolidated.
N Y & Erie 1st M Plerm to Dun ext 1897 gold-.c*
447
1847
4 g
M
1,000
&
2,482,000
N il Broadway, New York May 1 1947
Second mortgage (extended In 1879) gold
447
1849
c*
1,000
5 g
M
2.149,000
S
&
do
do
Sept 1 1919
Third mortgage (extended In 1883) gold
447
1853
_c*
1,000
M
&
S
4,617,000
do
do
4X g
Mar
1 1923
Fourth mortgage (extended In 1880) gold
475
1857
c*
1,000
6 S
A
O
2,926,000
&
do
do
Oct
1 1920
Fifth mortgage (extended In 1888) gold
475
1858
500 &c
c*
709,500
4 g
J
&
D
do
do
June 1 1928
Erie Ry 1st M Bull Br Hornellsv to Attica gold-.c*
60
200 &c
1861
4 g
J
&
J
182,400
do
do
July 1 1931
First consol M $30,000,000 gold $ or £
526
1870
F.c*
7 g
1,000 16,891,000
M
&
S
do
do
Sept 1 1920
N Y L E & West funded coupon bonds gold
526
1878
500 &c
e*
7
M
S
3,699,500
&
do
do
g
Sept 1 1920
Buffalo N Y & Erie 1st M (Buffalo to Corning) _.c*
140
1876
7
1,000
&
2,380,000
J
D
do
do
June 1 1916
Buffalo & Southw 1st M Buffalo to Jamestown g. _c*
67
50 &c
1877
6 g
J
1,500,000
&
J
do
do
July 1 1908
Newburg & N Y 1st M gold extended In 1889
1868
c*
12
1,000
5 g
250.000
J
&
J
do
do
1 1929
Jan
B—Bonds on Properties Controlled by Ownership of En tire (*) or a MaJ orlty (b) of
Capital S tock, or by (c) Lease.
•Bergen Co RR 1st M Ruth Jet to Ridgewood N J
10
1881
6
1,000
A
O 11 Broadway New York April 1 1911
200,000
&
•Ch & Erie 1st M g (Marlon,O,to Ham’d.Ind)_Ce.c*
250
1890
5 g
1,000 12,000,000
M
&
N
do
do
May 1 1982
Chicago & Atlantic Terminal first mortgage g. Ce
1888
5 g
1,000
300,000
J
&
J
do
do
July 1 1918
cGoshen & Deck’t’n 1st & 2d M’s ($60,000 are 2d)
’68-’69
6
Various
246,500
1928--1929
cMont & Erie 1st & 2d M’s ($40,500 are 2ds)
’66-’67
5
170,500
Various 11 Broadway, New Y'ork 1926--1927
•Jefferson 1st & 2d M’s ext In ’87 & ’89 (H’daleBr) _c
8 ’67 -’69
500 &c
300,000 4H & 6 J
&
J Fidelity Trust Co. Phlla July 1 1927 1929
First mortgage Carbondale to S depot gold.FP.c*
37
1889
1,000
5 g
A
Oil Broadway, New York Jan
2,800,000
&
1 1909
•Long Dock Co cons M g (now 1st M) see text)._c*
1885
6 g
A
1,000
&
O J P Morgan & Co, N Y
7,500.000
Oct
1 1935
cN Y & Greenw L prior lien M $1,500,000 gold_.N
52
1896
100 &c
5
M
&
N
1,500,000
do
do
g
May 1 1946
bNew Jersey & New York 1st M (reorganization) _c*
34
1880
500 &c
6
M
&
N
400,000
do
do
May 1 1910
General mort $1,200,000 (red 105 after 5 yrs) gold
500 &c
1892
5
J
&
629.500
J
do
do
Jan
1 1933
N Y L E & W C RR 1st M “lawful money”..Mp.c*
1882
6 cur M
1,000
&
N
1,100,000
do
do
May 1 1922
•N Y L E & W D & I Co 1st M (V 56, p 82)..F.c*
1883
1,000
6
J
&
J
do
3,396,000
do
July 1 1913
•N Y Pa & Ohio prior lien M gold $ & £
422
F.c*
1880
500 &c
8,000,000
S
do
4H g M &
do
Mar 1 1935
Do
Leased lines—see separate statements for Cl ev &
Mah V alley RR and Sharon Ry.
cN Y Susquehanna & Western—Northern New Jers ey—T
loga R R.—See each compa ny.
C—Erie Railroad Company New Bonds.
Second M on Buffalo & Southwestern gold__Mo.c*
67
1895
5 g
1,000
&
1,000,000
J
J 11 Broadway, New York July 1 1908
Prior lien bonds $35,000,000 gold
F.c*&r
1895
1,000 35,000,000
4 g
J
&
J New York & London
Jan
1 1996
General lien $140,000,000 gold
c*&r
1895
1,000 40,409,000
4 g
&
J
J 11 Broadway, New York Jan
1 1996
—
—
----
Yr.—
Gross.
1905-06 ..$3,057,809
1904-05
2,706,935
Net
over
taxes.
Oth.Inc.
Interest.
Balance.
$14,536
$878,717
def$156,3U3
15,774
859,823
def 206,552
Pres., W. F. Fitch, Marquette, Mich.—(V. 83, p. 687, 815.)
DURHAM & SOUTH CAROLINA RR.—Durham N. C.. south 30 miles
to Mlnturn on the Seaboard Air Line, completed Oct. 1905.
Stock, $300,000; par of shares, $100.
Bonds, see table above.
V. 81, p. 840. Pres.,
Ernest Williams, Lynchburg, Va.—V. 81. p. 840.
DURHAM UNION STATION CO.—Owns passenger station at Durham,
N. C., opened May 1 1905 and used by the Southern Ry., Seaboard Air Line
Ry., Norfolk & Western Ry. and Durham & Southern.
The three firstnamed own one-third each of the $25,000 cap. stock.
Lease provides for
rental by several lines sufficient to pay Interest on bonds and other
charges.
President, H. W. Miller; Secretary, C. N. Freeman.
..
$707,878
637,496
DUTCHESS COUNTY RR.—Poughkeepsie to Hopewell
Jcf.. N. Y., 12
miles. Leased toCent. New Eng. Ry. for Interest on
bonds,taxes and rental
of $100 per annum. Stock, $300,000; par, $100.— (V. 81,
p. 841.)
EAST BROAD TOP RR. & COAL CO. (Pa.)—Owns from Mount
Union,
Pa., to Woodvale, Pa., 36 miles. Shade Gap RR., 5 miles, and branches to
mines, 2 m. Total, 43 in. See V. 75, p. 77. A coal road opened In 1874. Stk.,
$815,589 (par, $50), of which $247,189 is 6% pref.
First mortgage 4s
($500,000) due July 1 1903, remain unpaid; no lnt. paid thereon since Jan.
1885.
Car trusts, $42,400, lnt., 6%, payable M.-N.
Year 1905-06, gross,
$176,498; net. $88,177; interest. &c.. $26,157; Improvements, $31,317;
bah. sur., $30,703.
Pres., R. S. Slebert, Orblsonla, Pa.
Offlcb, 316
Walnut St.. Phlla.—(V. 77, p. 145.)
EAST MAHANOY RR.—Owns from East Mahanoy Junction to St.
Nicholas and branches, 11 miles.
Re leased Dec. 1 1896 for 999 years to
Little Schuylkill Nav. RR. & Coal Co. at 5 % on stock, and lease
assigned
to Phlla. & Reading Ry.
Of the stock $283,650 Is owned, $280,000 being
deposited by Reading Co. under Its general mortgage.
EAST PENNSYLVANIA RR.—Owns Reading. Pa.,
to Allentown, Pa.,
35 miles; second track, 18 miles; all track, 76.5 miles.
Leased for 999 years
from May 1 1869 to the Philadelphia & Reading
RR. at a rental of 6 % per
annum on the stock and Interest on the bonds.
Lease assumed In 1896 by
the Phlla. & Reading Ralltrai/ Co.
Of the stock $878,850 Is owned by the
Reading Co., $875,000 of which Is deposited under its gen. mort. of 1897.
EAST TENNESSEE & WESTERN NORTH CAROLINA RR.—A narrowgauge road from Johnson City, Term., to Cranberry, N. C., 34 miles. In¬
cluding 3 miles leased.
Stock. $501,900.
Extension from Johnson City
to Elizabethton, 10 miles, was completed as third
rail In May 1905.
Con¬
trolled by Cranberry Iron & Coal Co.
The 1st 5s of 1905 ($500,000 author¬
ized) were used to retire the $250,000 bonds which matured Nov. 1
1905,
repay $153,756 to Cranberry Iron & Coal Co. and acquire 4 or more miles
of road and 25 acres of land In Mitchell Co., N. C.
V. 81, p. 1723.
For
calendar year 1905, gross, $174,498; net, $78,828;
lnt. and taxes, $22,752;
dlv. (2 4 %). $12,547; bal., sur., $43,529.
Pres., F. P. Howe, Philadel¬
phia, Pa.—(V. 82. p. 333, 1379.
EASTERN KENTUCKY RY.— Riverton to Webbvllle Ky.30m.
Stock,
common. $1,697,800; pref., $1,779,500; par. $100.
Bills and
No bonds.
accounts payable June 30 1906, $44,372; car
trusts, $14,386.
Earnings
for year 1905-6. gross, $62,634; net. $2,228; interest, 81
.819; bal., sur., $409.
El. PASO 8: NORTHEASTERN CO.—Owns from El Paso
& Northeastern
Ry.. from El Paso, Texas, northeast 165 miles, to the Sal tdo coal
Helds;
controls and operates El Paso <fc Rock Island
Ry., Carrlzosa to Santa Rosa,
128 tn.; Alamogordo
Sacramento Mtn. Ry., Alamogordo. N. M., to
Russia. 31 m.; Dawson Ry., Liberty, X. M.. to Dawson, 133
in.; total.
457 miles.
Name changed from New Mexico Ry. & Coal Co. in 1905.
The El Paso & Rock island Ry. was
Incorporated in 1902 with $2,500,000
stock (of which fio Vo owned by the El Paso & Northeastern
Co.) and
$2,500,000 5 ",*> guaranteed 5o-year bonds.
It has close traffic agreement
with Chic. Rock Island & Pacific for 999 years.
V. 71, p. 1219.
^ The Dawson Railway & Coal Co., stock $3,000,000, has issued $3,000,000
collateral trust bonds, which are
guaranteed, principal and interest, and are
secured by the stock and bonds ($3,ooo,ooo each) of the Dawson
Ry., and
those of Die Dawson Fuel Co. ($l,ooo,ooo each), the latter
owning about
25,ooo acres of coal, mineral and timber lands.
V. 73. p. 900; V. 74, p. 776.
STOCK.—Stock, $12,000,000, all of one class.
In Mav 19o5 Phelps, Dodge & Co. acquired
entire stoclc of system.
BONDS.—Tile New Mexico Ry. & Coal Co. coll, trust 5s of 1897 are
secured by tlie stock .and bonds of El Paso & X. E: Ry. of New Mcx.
($2,700,000 of each), the stock of the El Paso & X. 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.
Of tiie first and consolidated and coll, trust 5s of
1901, $3,ooo,o(io
arc reserved to retire the coll, trust 5s of 1897 and
$2,000,000 arc applicable
for Improvements and new equipment.
V. 74, p. 776.
The bonds of the Alamogordo & Sacramento Mtn.
Ry., of the El Paso &
Rock Island and those of the Dawson Ry. & Coal Co. are
guaranteed.
N. Y. office, 99 John St.-— (V. 81., p. 508.)
EL PASO UNION PASSENGER DEPOT.—Owns
depot at El Paso. Tex.
was
completed about Nov. 1 1905.
Leased by El Paso Northeastern,
El Paso Southwestern, Galveston Harrisburg & San Antonlo
(So. Pac. Sys.).
Atch. Top. & Santa Fe, Tex. & Pac. and Mex. Cent, railroads on a
wheelage
basis providing for maintenance and all
charges.
Stock, $240,000, owned
equally by the 6 roads named.
Of the bonds (see table above), $12,000 is
to be drawn yearly Jan. 1 by lot, beginning
1916, and paid off at par.
V. 78. p. 104; V. 81, p. 1043.
Pres., J. E. Hurley; Sec. and Treas., U. S.
Stewart.—(V. 81. p. 1043; V. 82. p. 1496.)
ELGIN JOLIET & EASTERN RY.—Owns from
Waukegan, Ill., on Lake
Michigan, via Spauldlng'and Joliet, to Porter, Ind., 130 miles, and brandies
Normantown to Aurora. 10 miles—Walker to Coster. 111.—33 miles; Ham¬
mond to Whiting, Ind., &c., 19 miles; total main line
owned. 192 miles;
spurs to coal mines. &c., 26 miles; trackage. Chic. & West Ind., 4.8; Belt
Ry. of Chicago, 2, 7 miles; second track, 16 miles; side tracks and yards
owned, 118 miles: total track operated. 369 miles.
Entire capital stock
owned by Federal Steel Co. and so by United States
Steel Corporation.
STOCK. &c.—Stock. $6,000,000; par. $100.
Dlv., 4 % yearly (In Dec.
£
v
In 1899 to 1906 Inclusive.
First mortgage
of for extensions, betterments, &c.
bonds unissued
can
be disposed
REPORT.—For years ending June 30:
Year.
Gross.
Net.
Oth. inc.
Interest.
1905-06
$2,634,771
$971,613
$21,898
$425,000
1904-05
2,236,666
17.713
800,606
425,000
Pres., A. F. Banks.—(V. 74, p. 151, 205; V. 75, p. 1399.)
Surplus.
$568,511
393,319
ELMIRA CORTLAND & NORTHERN RY.— (.See 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% bonds were
guaranteed by the Lehigh Val. and the road leased In July 1903 for 999 years
to the Lehigh Val. Ry. of N. Y., a subsidiary
company.
(V. 63, p. 402.)
ELMIRA & LAKE ONTARIO RR.—Owns from Canandaigua, N. Y., to
Chemung Jet., 64 m.; Sodus Point to Stanley, 34 m.; other 2—total. 100 m.
A consolidation In Dec. 1886"of the Sodus Bay & Southern and other rail¬
roads.
Leased at cost of operating to the Nor. Cent., which owns all the
$1,500,000 stock.
Lease may be terminated on 30 days’ notice.
Calendar Year.
Gross.
Net.
Oth. inc. Int.,&c.
Balance.
1906.
...$1,113,101
$96,852
$6,012
$61,632
sur.$4l,232
1905
975,282 op.def.20,091
6,865
68,010
def. 81,237
ELMIRA & WILLIAMSPORT RR.—Owns from Williamsport, Pa., to
Elmira, N. Y., 75miles.
Leased to the North. Cent. Ry. for 999 years
from May 1 1863.
The dlvs. on the com. stock are 5 % and on the pref. 7 %,
less taxes, making dlv. on com. 4.48% and on pref. 6.30%.
Year ending
Dec. 31 1906, gross, $1,576,311; net, $300,330; rental, $152,520.
EL PASO & NORTHEASTERN RR.—See New Mexico Ry. <Jc Coal.
ERIE & PITTSBURGH RR.—Owns New Castle, Pa., to Girard. Pa., 81
miles; branch to Erie Docks, 3 m.; trackage to Erie, 17 m.- total operated,
101 miles.
Leased to Penn. RR. for 999 years In 1870 at 7 % on stock and
Interest on bonds, and lease transferred to Penn. Co.
Under agreement of
Nov. 1 1905 the Penn. RR. will provide sinking fund Instalments
required
by the gen. mort., the E. & P. to deliver Its 3H % debentures at par for
suen advances and at maturity of the
gen. mort. bonds to exchange new
mort.
bonds therefor.
Debentures outstanding
Dec.
1906. $106,615.
STOCK.—The stockholders on Jan. 9 1905 authorized an Increase In the
stock from $2,000,000 to $4,500,000, the new stock to be Issued as
required
for Improvements, to be subordinate to the old stock, but to be guaranteed
V.* 80, p. 162.
7% dividends.
EARNINGS.—The lease showed to the lessees in 1902, profit, $254,142
in 1903, profit, $197,549; In 1904, profit, $262,544; in 1905,
profit, $442,059;
In 1906, profit, $475,744.
See V. 84, p. 749.—(V. 80, p. 162, 472; V. 84.
p. 749.)
ERIE RAILROAD.— (See-Map on adjoining page.) — Embraces trunk
line from Jersey City, opposite N. Y. City, to Chicago, Ill., 998
m., and
branches 1.317 m.; total. 2,315 ra.; second track, 771 in.; 3d and 4th tracks,
33 miles; total, 3,119 miles.
In 1906 electrification of Rochester division
and branches, total 150 miles, was begun.
V. 82, p. 1379.
HISTORY.—ON Dec. 1 1895 succeeded to the property of the old N. Y.
Lake Erie & West RR. Co., sold Ip. foreclosure on Nov. 6 under Its 2nd con¬
solidated mort.
The new company holds In fee or through
ownership of
all or-practically all the stock of the Independent
companies the line from
New York to Chicago (Including the Nypano RR. and Chic. & Erie com¬
panies) , and also all branch and subsidiary lines except a few small prop
ertles
The reorgaidzation plan of 1895 was in V. 61. p. 368.
In 1901 an interest in the stock of the
Lehigh Val. RR. was purchased.
V. 73, p. 391.
The Buffalo Creek Extension RR. was
incorporated Aug. 3 1906 with
$400,000 aut horized stock, to build a road 8 miles long connecting
the Buf¬
falo Creek RR., Buffalo Terminal Ry. and Lehigh
Construc¬
Valley RR.
tion work was suspended in March 1907.
V. 83, p. 322; V. 84, p. 693.
Lines owned in fee.
Miles.
Leased lines.
Miles.
Picrmont, N. Y., to Dunkirk..
447 Avon Gen. & Mt. Morris.
*15
Buffalo to Jamestown, N. Y...
67 Montgomery & Erie
*10
Buffalo to Corning, N. Y
140 Northern RR. of N. J__
*26
Other branches
139 Goshen & Deckertown
*12
Stock ull(a) or nearly all (b) owned.
Roch. & Genessee Valley
•18
■Chicago & Eric RR..
*230 Other lines
43
■Jefferson RR
*45
Leased to Nypano RR.
N. Y. & Greenwood Lake RR..
*52 Cleve. & Mahoning Valley RR.
•81
bNew Jersey & New York RR.
•38 [Sharon Railway.
*32
Erie <fc Wyoming Valley RR
59 Other lines
54
■
*422 | Trackage.
Nypano RR
167
bTloga RR.
58 Lines In system June 30 ’06
2,315
Other lines.
^
140 IN. Y. Susquehanna & West
*238
•See this company.
Proposed cut-offs, &c., V. 80, p. 2621; V. 81, p. 777; V. 83, p. 910.
COAL AND STEAMBOAT PROPERTY'.—The Eric coal
properties rep¬
resent an aggregate of 10,500 acres of anthracite,
of which about 9,000 acres
are held in fee; also 53,000 acres of bituminous coal lands
held In fee, 14,000
acres of bituminous held under mineral
rights.
Its coal tonnage in the
year 1905-00 aggregated
16,978,032 out of tiie 36,355.382 tons hauled.
The Union Steamboat Line (mereed In Erie RR. Co. June 30
1896), has
terminal, &c., properties in Buffalo and 8 lake steamers. See V. 63,
p. 514.
The Penn, coal properties acquired in 1901 are additional.
See above.
In June 1906 the Clarence and Avoca coal
companies, aggregate production
175.000 tons, were acquired.
V. 82 p. 1322.
STOCK.—The voting trust was dissolved May 1 1904.
V. 78, p. 1549.
The prior lien and the general lien bonds of 1895 have 10 votes for each$l .000
of principal, their authorized Issues
aggregating $175,000,000, of which
$77,012,000 Issued In July 1906.
The company reserves the right to
redeem either class of Its pref. stock at
par in cash.
Provisions of pref.
stock were In “Supplement” of April 1897, page 3.
In Mch. 1898 Erie 1st pref. stock was increased from
$30,000,000 to
$43,000,000, and common stock from $100,000,000 to $1 13,000,000, to
acquire New Y'ork Susq. & Western stock. See V. 66, p. 335, 573.
The
1st pref. stock was further increased In 1 DO 1 $5,000,000 in connection with
the purchase of the Pennsylvania Coal Co.
V. 72, p. 136, 532.
In 1905 authorized com."stock was increased to
$l33.ooo,ooo to nrovide
for $10,000,000 (first Issue) of convertible debentures.
V. 80 p. 1362.
Ape..
1907.]
RAILWAY STOCKS AND BONDS.
55
!
i
V
;
\
50
RAILWAY STOCKS AND BONDS.
RAILROADS.
Miles
For
explanation of column headings, Ac.,
on
see
notes
i
of
first page of tables.
Erie Railroad—(Concluded)
Penn coll trust M $36,000,000 g s f text. Me.c&r
First conv M $50,000,000 gold Series A
S.c*Ar_
do
do
do
Series II
-
Notes $5,500,000 authorized
Erie A Jersey first mortgage $10,000,000 guaranteed
N Y Pa & Ohio equip trusts sink fd drawn at 100..
New Erie RR equipment trust gold part yearly
do
do
Ser D g $120,000 due Oct yearly. Ism
do
do
Ser E g $250,000 .due April yearly Usm
do
do
Ser F g $135,000 due Feb yearly. Ism
do
do
Ser G g $160,000 s-a red par beg Dec 07
do
do
Ser II gold $100,000 due seml-ann
!
do
do
Ser I gold $350,000 due seml-an. Pe.c*
Equip bonds due monthly (V. 34, p. 931)
Avon Geneseo A Mt Morris and Rochester & Genesse
Evansville & Indian.—T H & Southeast’ll 1st M..F.C*
Evansville A Indianapolis 1st M gold guar
F.c*
Cons M ($2,500,000) g gu p & 1 (end) E&TH.F.c*
Evansville A Terre Haute—Common stock
Preferred stock non-cum (see text)
Col
Consolidated mortgage (first Hen) gold
First consolidated mortgage gold
F.c*
Mount Vernon Branch mortgage gold
F c*
Sullivan Co Coal Br mortgage gold
F.c*
First general mortgage for $7,000,000 gold
F.c*
Equipment bonds Series B, due $70,000 <>eml-ann.Ba
Equipment bopds Series C, due $60,000 seml-an.Ba
Fall Brook—Stock ($500,000 Is 7 % preferred)
Fitchburg—Preferred 5% rental
Bonds, not mortgage
c*
Bonds to State of Mass, 4 % since FeY> 1897
c*
Bonds, not mortgage
__c&r
Bonds, not mortgage
_.c*
Bonds, not mortgage ($1,359,000 due 1915)
c*
Bonds, not mortgage ($2,750,000 are 4s of 1897)..
Bonds, not mortgage ($1,775.000 are 3 Hs of ’01)cAr
Bonds, not mortgage, $2,000,000 auth.
c*Ar
Bonds, not mortgage. $800,000 authorized
*
...
...
...
|
...I
...
...
e
INTEREST OR DIVIDENDS.
Dale
Size, or
of
Par
Value.
Road. Bonds.
1901
1,000
1902
1902
1904
1905
1905
1907
1,000
1,000
1,000
1,000
1.000
Vail ey Sto cks—See
40
1879
1,000
55
1884
1,000
135
1886
1,000
..
1880
144
25
1881
1883
1890
1892
1905
1906
...
199
...
...
92
1888
1887
1890
1894
...
...I
....
The conv. 4s of 1903 ($50,000,000 authorized Issue) will be Issued from
time to time as required and may be made convertible into com. stock at a
price to be fixed when the bonds are Issued, but not less than $41 H per
share: they will cover all the company’s
property subject to underlying liens.
The first $10,000,000 (series A) issued for Improvements and
equipment Is
convertible on basis of $100 bonds for $200 stock from
Apr. 1 1905 to Apr. 1
1915; series B for $12,000,000 (see "Finances” below) Is convertible Into
fcora. stock at $60 per share at any time after Oct. 1 1907 and before Oct. 1
1917.
V. 76, p. 382, 541; V. 78, p. 768; V. 79. p. 2205; V. 84,
p. 270.
The Erie & Jersey RR., with $600,000 authorized stock, will build a
low-grade cut-off from Highland Falls, via Campbell Hall, to Guymard,
N. Y., about 40 miles.
In Mch. 1907 construction work was suspended.
An issue of $10,000,000 first mortgage 50 year 4 % bonds is
contemplated
to cover the cost.
V. 80, p. 2621; V. 84, p. 693.
Real estate mortgages outstanding June 30 1906, $694,850.
In April 1907 $5,500,000 one year notes (discounted In advance) were
sold to retire $3,000,000 notes maturing April 8 and take
up about $2,000,000 falling due on or before July 1.
V. 84, p. 803.
Old Bonds.— Under the 1st consol. M. of ’95 the co. covenants to
pay the
Int. regularly on all the old bonds In the table that are marked with an • or
a b (except N. J. & 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. A W.
^or N. Y. Lake Erie A IT. Coal A RR., see
“Supplement” January 1895
purchase of one-sixth Interest In majority Hocking
com. stock, see that company.
V. 83, p. 37.
In 1905 dividends on 2d preferred were
begun.
In 1905 and 1906 $12,000,000 4% ”B” bonds were Sold, convertible
into common stock at $60 per share at any time after Oct. 1 1907 and
before Oet.
1
1917.
The proceeds are to be used for Improvements.
V. 81. p. 1100, 1610; V. 84, p. 158; V. 84. p. 270.
In Dec. 1905 $7,000,000 4% equip, trusts, ser. I, were
sold.
V. 82
691.
In Jan. 1907 3,000 freight cars were ordered.
V. 84, p. 158.
EARNINGS.—8 mos.,1906 07
Gross, $34,901,848; net, $9,638,468
July 1 to Feb. 28.
.1905-06
Gross,
33,696,843; net,
9,673,182
For 6 mos. ending Dec. 31 1906, net. $8,227.999, against $8,014,516 in
1905; other Inc., $292,367; charges, $6,244,413; bal.. sur., $2,275,953.
ANNUAL REPORT.—Fiscal year ends June 30.
Report for 1905-06
given In full In V. 83, p. 886, 907; see also editorial on page 860.
Average
freight train load, 454 tons, against 412 In 1904-05.'
1905-06.
1904-05.
1903-04.
1902-03.
Miles operated.
2,151
2,151
2,151
2,153
Gross earnings
$50,002,634 $45,724,738 $45,201,163
$45,830,413
Working expenses... 35,872,837
33,142,208
32,581,838
29,925,758
$ 1 5,904,655
$2,670,290
314,995
Total net Income. ..$16,307,639 $15,261,017 $15,026,043
$18,889,940
Interest
$9,246,948
$8,891,077
$8,593,688
$8,461 ,375
Rentals
1.094,575
1,153,623
1,053,969
1,142,974
P. c. due leased lines.
172,827
176,893
189,204
222,900
Int. on equip, trusts..
397,562
264,249
284,79!
339,072
Miscellaneous
379.083
368,580
352,339
290,352
Add’ns & Improvem’ts
1,926,975
1,360,555
1.540,320
2,377,855
Dlvs. on 1st preferred(4) 1.915.696 (4)1,915,696 (4)1,915,696
(3^)1.676.234
Dlvs. on 2d preferred. (4)640,000
(4)640,000
$533,975
$490,344
$1,096,036
450,000
3,145,000
320,000
1,080,000
5,000,000
17,360,000
500,000
1,859,000
4,200,000
2,275,000
2,000,000
’97-’98
’00-’01 i
Y.666
1907 :l.ooo &c
1907
purchased by sinking fund.
$12,582,530 $12,619,325
$1,993,911
488,048
412.807
30,000
3,000,000
375,000
’95-’96
....
|$2,190,439
Comp
251,000
647,000
1,602,000
3,987,383
1,283,333
2,000,000
already owned), remaining $4,000,000 (of which $1,000,000 has been Issued)
Balance,"surplus
those
5,000,000
500,000
being reserved for Improvements to properties of which stocks acquired. A
sink, fund of 10c. 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 Int. thereon to be added to the sink, fund,
which. It Is estimated, will be sufficient to retire the whole Issue at or before
maturity.
V. 71. p. 1219, 1311; V. 72. p. 44, and circular, p. 136, 532, 257;
V. 79, p. 212.
In 1901-06 $1,549,000 Included above as outstanding was
Net earnings
$14,129,797
Net coal companies.. $1,595,140
Other Income
582,702
700,000
6,650,000
580,000
1,000
lines In New Jersey and near Buffalo; It Is a second lien
upon certain
minor coal
properties and upon the railroads leading to all the coal proper¬
ties, upon the terminals at Jersey City, upon the Buffalo N. Y. & Erie RR.
(the main line to Buffalo), and the Buffalo terminal properties other than
those upon which It Is a first lien, and upon the entire line from Salamanca
to Chicago; It Is a second consolidated
mortgage upon the lines between Plermont and Dunkirk (447 miles).
The collateral trust 4s of 1901 are secured by 51 % of the entire N. Y.
Susq. A Western stock ($26,000,000 total Issue), all of the Pennsylvania
Coal Co. stock, and the stock of the Erie &
Wyoming Valley RR.. Scranton,
Pa., to Lackawaxeh, 65 miles, and Del. Val. A Kingston RR.
Of the bonds
$32,000,000 were Issued to acquire these stocks (except N. Y. S. A W.,
p.
250,000
5 00,000
410,000
960,000
"f.666
ceding the general lien bonds) upon the cos. chief coal properties (except.
Penn. Coal Co.), upon Its water transportation lines
(Including valuable ter¬
minal properties appurtenant thereto), and upon a number of
profitable
local
to
%
50
100
....
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, Ac., after 1897,
not over $1.000,000 to be used In any one year.
The position of the first consolidated mortgage Is substantially as follows:
It Is a first lien (mortgage or collateral, the
prior lien bonds, however, pre¬
FINANCES.—As
Outstanding
1,000
1,000
1,000
1,000
1,000
1,090
1,000
BONDS.—The new Tirst consolidated mortgage Is for $175,000,00
(Farmers' Loan A Trust Co., trustee)—see abstract of deed V. 62, p. 89,
and secures $35,000,000 prior lien and $140,000,000
general lien bonds.
Both series have voting power; see “Stock” above.
Of the $140,000,000 general Hen bonds, $92,073,000 are reserved for the
Valley
Rate
50
50
DIVIDENDS, per cent..1 1901. 1902. 1903. 1904. 1905. 1906. 1907.
On 1st preftrred
}
l'A
3
3^
4
4
4
Apr.,2
On 2d preferred
J
4
2
Apr.,2
On 2d prel. 4%, paid— 2% Oct. 1906 and 2%
Apr.1907 V.83, p. 271.
..
Amount
1901
$1,000&c $33,000,000
1903
1,000 &c
10,000,000
1905
1,000 &c
12,000,000
1907
5,500,000
I
1 ,000
1905
See text.
’88 -’90
£100
570,487
’99 -’01
1.800,000
115
Vo I,.
$4,379,178
See text.
When
F
A
A
&
&
&
None.
j
A ill
O
O
:
Bonds—Princi¬
pal, When Due
Where Payable, and by
Whom.
Pay able.\
4 g
4 g
4 g
LX XXIV.
Broadway, New York
do
do
do
do
New York
4
Stocks—Last
Dividend.
Feb
1
1951
April 1 1953
April 1 1953
April 8 1908
1955
Various London
1908 and 191C
4 to 5
Various New York
To 1910
&
4H e A
Oct 1907-1908
O]
do
A
O
do
4H E A
April 1908-1909&
do
a:
4M s F
'Feb 1908-1910
4 g
J
D1
&
do
June ’07-Dec ’09
4 g
J
A
D Girard Trust Co, Plilla
June'07-Jun ’15
4 g
J
D Penn Co for Ins Ac, Phila June07-Dec ’16
&
4 a
To Feb 1917
anles.
M
&
S Bankers’ Trust Co, N Y Sept 1 1909
6 g
J
&
J
do
do
July 1 1924
6 g
J
&
do
J
do
1 1926
Jan
See text. ; See text. Checks mailed
Nov 1 ’06 4%
5 In 1906 A
&
O Checks mailed
Apr 15 ’07 2H %
6 g
&
J Bankers’ Trust Co, N Y July 1 1910
6 g
&
J
do
do
July 1 1921
6 g
IA
&
O
do
do
April 1 1923
5 g
A
&
o
do
do
April 1 1930
5 E
iA
a
o
do
do
April 1 1942
F
A
A
Blair
A Co N Y
4H E
Aug '07-Feb '15
A
A
do
do
4X g F
Aug ’07-Feb ’16
See text. Q—F 5 Office, Corning, N Y
Feb 5 1907
5
Office, Boston A Me, Bos Apr 1 ’07 IX %
Q—J
5
M
N Office, Boston
&
.May 1 1908
4
F
&
A
do
Feb
1 1937
4
!J
&
D
do
June 1 1920
M
&
N
do
4^
May 1 1914
4
Various
do
1915 and 1916
4
Various
do
1927-1928
A
&
O
do
3H
|Oct 1 1920-1921
4
A
A
O
do
Apr.
1 1927
S
.
OFFICERS.—Pres., F. D. Underwood: 1st Vlce-Pres. and Gen. Solicitor,
F. Brownell; 2d Vlce-Pres., G. A. Richardson; 3d Vlce-Pres., H. B.
Chamberlain; 4th Vlce-Pres., J. M. Graham; Sec., David Bosman; Treas.
D. W. Blgoney: Comptroller, M. P. Blauvelt.
Office, 11 Bway., N. Y.
DIRECTORS.—Chas. Steele, J. J. Goodwin, John G. McCullough, D. O.
Mills, Alexander E. Orr, F. D. Underwood, Samuel Spencer, Francis Lynde
Stetson Geo. F. Baker, J. J. Hill, Norman B. Ream, H. McK. Twombly,
G,
E. H. Harriman. William C. Lane. Louis L. Stanton. Wm. P. Hamilton.—
(V. 83. p. 1228, 1590; V. 84, p. 102, 158, 270, 390, 693, 803,931.)
EVANSVILLE & INDIANAPOLIS RR.—Owns Evansville to Terre
Haute, Ind. (via Worthington), 134 m.; leases branch, 12 m, A consolida¬
tion In 1885.
Of the consols $898,000 held to meet prior liens.
The con¬
sols. and the bonds of 1924 are guaranteed by Evans. A Terre Haute, which
owns capital stock, $2,000,000.
Company owns no equipment.
InT905-06, gross, $386,741; net. $103,061; Interest, taxes, Ac., $175,861
bal., deficit for year, $72,806.—(V. 75, p. 980.)
EVANSVILLE & TERRE HAUTE RR.— (See Maps Rock Island Co.) —
Road owned and operated.
Controlled and operated.
Miles
Miles.
Evansville to Terre Haute
109 Evansville A Indianapolis, Ev¬
Branches to Mt. Vernon, Ac
ansville to Terre Haute via
50
Evansville Belt (stock held)....
5
Worthington, Ac
146
Total In earnings
310
Leased to other companies Rockville extension
23In July 1903 Chicago A Eastern Illinois acquired $3,161,433
of the
$3,987,383 common stock; par, $50.
V. 81, p. 1242.
1)1 VS. | ’92. ’93. ’94. ’95. ’96. ’97. ’98. ’99. ’00. *01.’02-’05. *06.
1907.
Com.%5- 7a 7
2
3
1 *•> None.
4
Pref. %J
2
0
4
5
5
5
5 y’ly.
5 Apr. 2*4
a Also 5% In bonds,
b Also scrip dividend.
On preferred 5% declared
in 1906—paid 2J^% Oct. 1906 and 2>$%
._
__
__
._
........
April 15 1907.
BONDS, GUARANTIES, Ac.—Certain Evansville A Indianapolis bonds
guaranteed.
See that company.
General mort. 5s for $3,855,000 are
held In trust to retire the prior bonds and car trusts at
maturity.
Equip¬
ment notes June 30 1906, in addition to those In table
above, $123,932
Series C. see V. 82, p. 627.
EARNINGS.—8 mos../1906-07
Gross, $1,543,627; net, $715,651
1905-06
July 1 to Feb. 28.
.Gross,
1,468,724; net,
667,791
ANNUAL REPORT.—Report for 1905-06 was given In V. 83,
p. 888.
are
Results of Evans. A Ind. are Included below in last three years.
Year ending June SO—
1906.
1905.
1904.
1903.
Gross earnings
$2,163,681
$2,050,147
$2,089,336
$1,722,314
Net earnings
1,052,263
1,011,556
851,274
826,956
Other Income
24,612
28,244
36,228
36,325
Total net Income
$1.076,875
Interest on debt
$550,281
Taxes and miscellaneous
92,284
Evansv. A Ind. deficit..
Dividends on pref. (5%)
64,1 67
Dividends on com. (4%)
159,495
*
Improvements
Balance, surplus
OFFICERS.—Pres.,
4
2,921
$1,039,800
$514,160
90,929
$887,502
$509,28 1
99,639
64,167
64,167
$863,281
$337,950
88,982
34.090
64,167
79’,286
$167,727
$291,258
$214,415
$338,092
H. I. Miller; Treas., C. W. Hillard.— (V. 81
P-
1240, 1242; V. 82. p. 627; V. 83. p. 562; 625, 888. 1228.)
FALL BROOK RAILWAY.— (See Map N. Y. Central A IT. R. RR.) —
Owns from Corning, N.Y., to Antrim, Pa., 52 miles; branch to
Ulysses, Pa.
40 miles; total, 92 miles.
LEASE.—The railroad and Its rolling stock was leased to N. Y. Central
A H. R. RR. for 999 years from May 1 1899 for $175,000
yearly, payable
quarterly In gold, beginning Aug. 1 1899; also taxes and repairs, the leases
of the Syracuse Geneva A Corning 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 docs not Include
the coal properties of Fall Brook Coal Co.
Prior to the lease, dividends had
been paid quarterly since 1891 at the rate of 7 % per annum on
preferred
and 6 % on common; since the lease 7 % on preferred and
2H % on com¬
mon.—(V. 08, p. 379, 573, 773, 872.)
FITCHBURG RR.—System extends from Boston, Mass., to Troy, N. Y.
190 miles; branches to Worcester, Bellows Falls, Ac., 268
m.; 458 m. In all,
of which 56 m. (Fitchburg to Greenfield) leased from Vermont A Mass, and
8 m. from other companies; second track 183 miles.
LEASE.—Leased for 99 years from July 1 1900 to Boston A Maine for 5 %
on pref. and 1 % on com. stock, payable
quarterly (Jan. 1, Ac.), organiza¬
tion expenses. Interest on bonds, taxes, expenses of maintenance, Ac. The
Boston A Maine holds $5,454,550 of the $7,000,000 com. stock,
purchased
with proceeds of Its 3 % bonds at 90, the 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.
There were Issued In
1905 $3,660,000 4 % bonds to provide for various bonds maturing
up to June
1 1905, Inclusive, and for additions and
Improvements.
In January 1907
$2,000,000 4% bonds dated April 1 1907 were sold to refund the
$1,500,000
bonds maturing April 1 1907 and provide for Improvements.
V. 84, p. 158.
270.
On Jan. 30 1907 $800,000 bonds were authorized for
double-tracking
road between Troy and Johnsonvllle, N. Y., and elimination of
grade
crossings.
V. 84, p. 270. — (V. 80, p. 871; V. 83. p. 687, 751; V. 84, p.
158, 270.)
FLORIDA EAST COAST RY.—Operates from Jacksonville, Fla.,
via
St. Augustine, to Miami, 366 miles; branches to Palatka, San Mateo,
Ac.,
17m.; Atlantic A Western, Blue Springs to New Smyrna, Fla.,28 m.; Titus¬
ville branch, 48 m.; Jacksonville to Mayport, 25 m.; total, 484 m. V.
69, p.
501.
In Dec. 1904 extension was completed from Miami south 28
m.; to
Homestead.
System owned by Henry M. Flagler.
Extension from Home,
stead to Key West, about 126 m., Is expected to be
completed, fn 1907,
whence It is proposed to operate ferryboats to Havana, 85
miles. In pRace of
Peninsular A Occidental SS. Co.
V. 81, p. 211.
o
Q
O
PQ
Q
<1
W
O
o
H
>H
£
I—I
3
03
t-
©
©
2*
<
58
[VOL.
RAILWAY STOCKS AND BONDS
LXXXIV.
•
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For explanation of column headings, <fce., see notes
on
Date
Size,
of
of
Road. Bonds.
first page of tables.
Bonds—Princi¬
pal, When Due.
or
Par
Value.
Where
Amount
Rate
When
Outstanding
%
Payable.
Payable, and by
Whom.
Stocks—Last
Dividend.
Fitchburg—(Concluded)
cAr
405)...cAr
Bonds, not mortgage $3,660,000 currency.
Troy & Boston
flrstTmortgage (V.
53,
p.
35
Brookline & Pepperell plain bonds guar (endorsed)
Vermont A Massachusetts plain bonds guaranteed..
Flint & Pere Marquette—See Pere Marquette Statemen t.
Florida Central & Peninsular—See Seaboard Air Line Ry.
Florida West Shore—1st M $2,000,000 gold guar p & 1
Fonda Johnstown & Gloversviile—Cons M $500,000_c
First consol refunding M $700,000 gold
N.c*
General refunding M $1,500,000 (V. 71, p. 34)__N.c*
Johnstown G A KIngsboro first mortgage assumed..
Cayadutta Elec 1st M guar p A 1 by F J & G. .gold. N
First cons gen ref M $7,000,000 gold red 120_N.c* Ar
Fort Smith A Western— ist M $7,500,000 gold..Me c*
Fort Wayne A Jackson—Preferred stock 5H % rental
Ft Worth & Denver City—Pref stock “stamp ctfs.” 4 %
First mortgage gold $18,000 per mile
Me.c*
Equip trust certs guar due $39,000 s-a redeem 101.
cio*
do
due semi-annually, redeemable 101.G
60
26
26
26
4
14
75
1905
1874
1891
1903
1904
1881
1897
1900
1893
1892
1902
1904
98
455
1881
1906
1907
$1,666
,
1,000
1,000
1,000
1,000
1,000
1.000
100
100
1,000
1,000
Bonds, not mortgage, currency
Rondo,
not morteaep
rnr
$200,000
.
pro
_c*Ar
5s of ’87 r* At
—
1897
1880
’82 '87
-
1934
1
1
1
1
1
1921
1947
1
1952
Nov
N Y Trust Co. N Y
Mercantile Trust Co,
Farmers L A Tr Co,
Morton Trust Co, N
Mercantile Trust Co,
1950
1913
1922
N Y!April 1 1954
N Y'Mar 1 ^07 2H %
Feb 21 1907 4 %
Y
N Y Dec 1 1921
,Tune’07-June’14
Oct ’07-Apr ’17
'
5
6
5
6
4
4
5
5
g
g
g
g
g
g
g
Nov 1 1935
Savannah, Ga
So Pac Co, N Y; A Boston Feb
1 1910
So P Co, 120 B’way, N Y May 1 1931
M
F
M
J
A
A
A
A
A
A
A
A
A
A
A
A
N
A
N
J
O
O
o
o
M
J
A
A
A
s Mackay A Co, N Y
J Manhattan Tr Co, N Y
o J P Morgan A Co, N
do
do
So Pac Co, N Y; A Lond
do
do
Mercantile Trust Co, N Y
Knickerbocker Tr Co,N Y
Jan
1 1930
April
April
April
April
1 1912
1 1912
1 1913
5 g
5 g
3 g
Mar
1
1956
July
1
1954
1 1929
A
Y April 1 1946
Apr 15 ’07 2%%
Jan
Jan
Jan
1
1
1
1922
1910
1922
arranged In April 1907.
GALVESTON
HOUSTON
&
HENDERSON
RR. OF 1882.—Owns from
ORGANIZATION.—The M. K. A T. and International & Great North,
have had trackage rights since Dec. 1895 under a contract providing for pay¬
ment to mtge. trustee of $100,000 yearly to meet Interest on G. H. & fi.
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 4,999 shares
of G. H. & II stock—see V. 61, p. 1013.
Stock, $1,000,000; par, $100.
Dividends paid In May, 1904 to 1906, 4 %
yearly.
For year ending Dec. 31 1906, gross, including $124,000 for
trackage as above, $442,460; net. $182,786; other Income, $2,615; lnt.,
$100,000; divs., 4%, $4n,ooo; real estate and improvements, $9,549;
bal., sur., $35,852.—(V. 65, p. 1114.)
GENESEE & WYOMING RR.—Retsof, N. Y., to Pittsburgh & Lehigh
Jet., 11 miles; Retsof Jet. to Grelgvllle, 4 m.; branch, 2 m.; total, 16 miles.
Stock, $500,000; par of shares. $100.
Dividends from Oct. 1899 to 1902
incl., 5% yearly; 1903, 8%; 1904 , 8%; 1905 to April 1907, 4 % yearly (A. &
O.).
Year 1905-06, gross, $160,015; net, $45,028; lnt., $25,000; dlvs. (4 %>
$20,000; balance, $28. Pres., E. L. Fuller, Scranton, Pa.: Treas., Mortimer
B. Fuller; Sec., H. D. Fuller. 170 Broadway, N. Y.—(V. 76, p. 1248.)
GEORGIA COAST & PIEDMONT RR.—Extends from Darien to Col¬
lins, Ga., 85 miles; completed in July 1906.
Extension Darien to Bruns¬
wick, Ga., 15 miles, was proposed In Dec. 1906.
Stock authorized. $1,000,000.
Bonds, see table above.
V. 82, p. 804.
Pres., Donald Mackay.—
(V. 82, p. 804.)
GEORGIA FLORIDA & ALABAMA RY.—Owns Cuthbcrt, Ga., to Talla¬
hassee, Fla., 107 m.; Tallahassee to Carrabelle, on the Gulf of Mexico, 51
m.; branch, Havana. Fla., to Quincy. 12 ra.; total, 170 miles.
Also oper¬
ates steamer line from Carrabelle to Apalachicola, Fla.
In Aug. 1906 ex¬
tension was proposed from Cuthbert northerly to Columbus, 64 miles.
In
April 1904 the Carrabelle Tallahassee & Ga. RR., Tallahassee, Fla., to Car¬
rabelle, Included above, was acquired.
V. 80, p. 2457; V. 78, p. 1549; V.
79, p. 151; V. 75, p. 29; V. 82, p. 99.
Stock, $350,000; par, $100. In 1904
a mtge. for $1,100,000 was filed.
Bonds reported as outstanding Jan. 1907
$1.100,000 on 107 miles from Cuthbert to Tallahassee, $510,000 on 51 miles
Tallahassee to Carrabelle and terminals,and $122,000 on 12 miles Havana
to Quincy.
V. 79, p. 2085. The stockholders on Nov. 13 1906 authorized
$1,225,000 5% non-cum. pref. stock on 168)^ miles, then operated,with
$s .ooo per mile for additional mileage; none of the new stock had been Issued
to Mar. 1907.
For year ending June 30 1906, gross, $373,330; net, $103,671; total de¬
ductions, $92,384; balance, surplus, $11,287.
Pres., J. P. Williams; Sec.
and Treas., J. O. Hatch.
Office, Savannah, Ga.—(V. 83, p. 213.)
taxes and
fixed charges, $585,837; bal., def., $65,525.
Pres, and Treas.,
A. C. Dustin. Cleveland. O.—(V. 79, p. 269; V. 83, p. 213, 271.)
FORT WAYNE A JACKSON RR.—Owns Jackson.Mich., to Fort Wayne,
Ind., 98 miles.
On Aug. 24 1882 leased perpetually to Lake Shore & Mlchgan Southern at a rental of $126,027, equal to 5^ % on the pref. stock,
see V. 56, p. 812), and after 1887 any net
earnings over 8 % on pref. stock
to be paid on com., but not exceeding 2% a year.
Common stock. $436,132.
FORT WORTH A DENVER CITY RY.— (See Map Col. So.)—Ft. Worth.
Tex., to Texllne, 454 miles. Owns securities of Ft. W. A Den. Term. Ry.
STOCK, &c.—Colorado A Southern Ry. owns all but $330,725 of the
$6,835,008 common Issued and all but $295,240 of the stamped stock, and
In 1905 Included road In its financial plan. Pref. stk “stamped”,V.63, p. 1063.
DIVIDENDS.—On preferred. 2% ’98; ’99. 2%: 1902. 2 % April 1903,
1904. 1906 and 1907, 4 % each from surplus earnings of previous years.
BONDS.—Finances readjusted in 1896.
Plan V. 63, p. 75.
Abstrac
of mtge. V. 45, p. 440.
Equip, trust notes April 1907, $72,204, maturing
$6,015 monthly to Aug. 1908.
Equip, trust certfs. of 1906, V. 82, p. 1101;
Of 1907, V. 84, i). 508.
Pres., Frank Trumbull, Denver, Col.—(V. 82, p. 1156; V. 84, p. 508.)
EARNINGS.— ^or 8 months ending Feb. 28 1906, gross, $2,264,038;
net, $810 957; other Income, $6 230 taxes $34,234; Interest, Ac., $336,318;
bal., sur., $446,635.
ANNUAL REPORT. — Report for 1904-05 was In V. 81, p. 1372.
Earn¬
GEORGIA & FLORIDA RY.—Projected from Augusta, Ga., to Madison
Fla., 40 miles from the Gulf of Mexico, with branches. Including one to
Savannah, of which 230 miles completed, 130 miles connecting lines being
under construction; total to be 350 miles.
A further extension to deep wa¬
ter on Gulf of Mexico was under consideration.
A proposed consolidation
Douglas Augusta & Gulf, Millen & Southwestern and other
roads, acquired by a syndicate organized by MIddendorf, Williams A Co.
and International Trust Co. of Maryland and John L. Williams & Sons of
Richmond, Va.
V. 82. p. 1211.
Had option on 45% of stock of Savannah
& Statesboro Ry.. 53 miles, Incl. 20 m. trackage.
Capitalization to be,
common stock. $15,000, and non-cum. pref., $10.000.per mile.
After 4%
on preferred, common Is to be entitled to 4%. then preferred to 6%, then
In 1906 of the
ings now Included In those of the Col. & So. system.
Yenrend. June30—
1905.
1904.
1903.
1902.
Gross earnings
$2,526,496
$2,496,617
$2,494,587
$2,262,123
Net over taxes
502,600
677,331
464,986
561.373
other Income
14,359
11,248
17.534
From total net Income as abdve In 1905 ($516,959), deduct Interest on
bonds. $490,560; other lnt., rentals, Ac., $20,046; bal.. sur., $6,354.
all other earnings.
Bonds to be limited to $12,000,000 at $20,per mile.
Pres.. Joint Skelton Williams; Sec.. C. T. Williams; Treas.
F. E. Nolting; Gen. Mgr.. Cecil Gabbett.—(V. 83. p. 95, 380. 687.)
common to
ooo
GEORGIA MIDLAND RY.—Owns road from Columbus to McDonough,
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 mortgage
bonds, Ac.) and $2,500 for Columbus terminal property.
Stock Is $1,000,000, owned by Southern Railway Co.— (V. 63. p. 361; V. 82. p. 751.)
Pres., Frank Trumbull. Denver, Col.—V(. 82, p. 1156; V. 84, p. 508.)
GAINESVILLE MIDLAND RY.—Owns Gainesville, Ga., to Athens, 42
miles, standard gauge, and Belmont to Monroe, 32 miles, narrow gauge, to
be standard-gauged.
Extension from JelTerson to Athens, Ga.. 19 miles. Is
to be completed Sept. 1906.
Successor to a portion of the Gainesville Jef¬
ferson & .Southern Ry., foreclosed July 5 1904.
V. 79, p. 151,269,500. 627.
Stock, all outstanding. $550,000.
Of the 1st 5s of 1905 ($1,000,000 au¬
thorized), $14,000 is reserved to retire old 6s anti $325,000 for extensions.
V. 81, p. 1848.
The Savannah Trust Co. Is mortgage trustee.
V. 81. p.
1375, 1550.
Year ending June 30 1906. gross. $108,939; net. $23,236; lnt
on
bonds, $12,693; bal.. sur., $10,543.
Pres., Geo. J. Baldwin; Sec..
F. J. Crohan.— (V. 81. p. 1848.)
1
Imp A Trad Nat Bk, N Y |Aprll
New York Trust Co, N YMuly
do
do
July
Metropolitan Tr Co, N YJuly
Farmers L A Tr Co, N YlOct
Galveston, Tex., to Houston, Tex.. 50 miles.
charges, $357,144; bal., sur., $45,381.
FORT SMITH A WESTERN RR.—Operates Fort Smith. Ark., to Guth¬
rie, O. T., 216 miles, of which Coal Creek, I. T., to Guthrie, 196 m.. Is owned
and Ft. Smith to Coal Creek, 20 m.. Is Kansas City Southern trackage, to
be replaced by company’s own road. • The road will develop coal properties
at McCurtaln, I. T., 40 m. west of Ft. Smith.
In July 1906 acquired 51%
of the capital stock of the St. Louis El Reno A Western Ry., Guthrie to El
Reno, O. T., 42 miles.
The latter will be operated Independently.
Henry
C. Frick of Pittsburgh, Pa., Is understood to be largely Interested.
Stock, $5,000,000, all outstanding; par $100.
1904
Of the 4s of
($7,500,000 auth.), $5,833,000 were Issued In exchange
for $5,000,000 old 5s,
$400,000 are reserved to replace the 20 miles of trackage mentioned above,
$400,000 for equipment, and the balance for other purposes.
In July 1903,
filed an agreement for the purchase of equipment costing $438,000.
V. 77
p. 88.
For year ending June 30 1906, gross, $520,312; oper. expenses,
Operated by Southern Pacific Co.,
24 Broad St., New York Jan
companies also own $842,ooo Matagorda Div. 1st M. 6s of the old N. Y.
Tex. & Mex. Ry., $2,224,000 Gulf West Tex. 6c Pac. 1st mtge. 5s and
$1,110,000 out of a total of $6,354,000 West. Div. M. & P. Ext. 2d mtge.
6s; $1,000,000 G. II. A S. A. East. Div. 2d 6s (extended), due June 1 1935,
are also owned by So. Pac. or sinking funds of proprietary cos.
Year 1905 oo, including Galv. liar. 6c S. A., Galv. Houst. A Nor.. Gulf
West. Tex. & Pac. and N. Y. Tex. & Mex., gross, $9,915,224; net. inch
other Income. $3,116.501; charges, $2,L54,119; bal., sur., $962,382.—(V.
81, p. 668, 1242; V. 84, p. 803.)
other Income, $48,175;
total, 1,317 miles.
1911
1
May 1 1923
BONDS.—First mtge. has a sinking fund of 1 %, but it is optional with
holders to surrender their bonds if drawn.* Western Div. 2ds ($6,354,000)
by agreement are
treated as Income bonds; V. 58, p. 719; V. 84,
p. 803.
Equipment bonds, Sl,558,ooo 6s, owned by So. Pae.
V. 76, p.
1300; V. 77, p. 216o.
Southern Pacific Co. and sink, funds of proprietary
“Sacandaga Park.”
m.;
Dec
4,200,000 11 In ’06
Q— J
Augusta, Ga
5
A
J
J 1 Amer Exchange
1,000,000
Nat]
J
A
6
J
1,000,000
[Bank, New York, or)
500 .000
5 A 6
A
•T
,T
st
a
Auey
i
not
BONDS.—Of the consol. 4^s of 1902 ($7,000,000 authorized), $4,687,000
were Issued to retire Amsterdam Street RR. bonds and for construction;
of the balance, $1,850,000 Is reserved to retire prior liens.
V. 76, p. 265.
Guarantees $30,000 Glov. A Broadalbln 5s and $50,000 Johnst. GloVersv.
A KIngsb. Horse RR. 6s and $50,000 8 % stock.
LATEST EARNS.—8 mos.J 1906-07..Gross, $520,119; net, $249,546
July 1 to Feb. 28.
[ 1905-06. .Gross,
232,329
484,496; net,
REPORT.—For year ending June 30 1906, gross, $728,710; net, $354,350;
GALVESTON HARRISBURG & SAN ANTONIO RY.— (Sep Map South,
Pacific t—Own* Ga’veston via Housron. Tex. to east bank of Rio Grande
River. 833 miles; Beeville to Rosenberg. 147 mlles:Port Lavaca to Cuero, 55
miles; Stoekdnle to Cuero, 46 miles, completed July 1906; branches, 233
May 1 1925
July 1 1924
do
do
do
which owns $27,056,100 of the $27,084,372 stock (par, $100).
A consoli¬
dation In Aug. 1905 with the New York Texas A Mexican. Gulf Western
Texas & Pacific, San Antonio A Gulf, Galveston Houston & Northern and
Gonzales Branch RR.
V. 79, p. 2642; V. 80, p. 1424; V. 81, p. 211, 668,
1242; V. 83, p. 1528.
Stock is to be Increased and new mortgage made
FONDA JOHNSTOWN & fiLO VERSVILLE RR.—Owns Fonda to Northvllle (steam), 26.2 miles; Gloversvllle to Schenectady (electric), 32.3 m.;
Gloversvillc to Fonda (electric), 9.34 m.; Amsterdam to Hagaman (electric),
3.6 m.; Melt line in Gloversvllle (electric), 3.9 m.; second track (electric),
21.2 miles. Operates under lease branch line Ilroadalbin Jet. to Droadalbin,
6.2 m. (steam); also local line Gloversvllle to Johnstown (electric), 4.23 m.;
sidings ami turn-outs, 11.7 m.; total, 97.47 miles of road (118.67 miles of
track). of which 96.87 miles on private right of way and 21.8 miles on street,
and highways.
Stock, $2,500,000; par, $10.
Owns entire 5105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Electric Light & Power Co.
(V. 71, p. 1167.)
Also a twoV. 78, p. 29.
thirds Interest In stock and bonds of Adirondack Lakes Traction Co., 4 miles,
miles; trackage, 3
406,000
See text.
1,650,000
1.000
FLORIDA WEST SHORE RY.—Turkey Creek, Fla., on Seaboard Air
Line, to Sarasota on the Gulf of Mexico, 56 miles. Including 4 m. of track¬
age, with branches, 8 m.; total, 04 m.
Stock authorized, $1,000,000, of
which $500,000 outstanding .practically all owned by Seaboard Air Line;
par of shares, $100.
Under contract of 1903 the Seaboard Air Line Is a
preferred connection and guarantees the outstanding bonds; V. 80, p. 1478;
V. 77, p 695.
For vear ending June 30 1906, gross, $130,811; net, $28,252;
total deductions, $37,752; bal., def., $9.500.—(V. 80, p. 1478.)
resort
A
J
A
O
A
J
A
J
A
J
O
A
N
A
A
O
A
s
text.
D
A
&
D
A
O
Office, Boston
Ry.
1,000
1,000
June 30 1904, stock, 51,000,000: 57,259,000 1st mort. bonds Issued. In
Oct. 1902 filed a second mort. to Colonial TrusJt Co. of New York, as trustee,
to secure 58,741,000 30-year 5 % bonds, dated Jan. 1 1903, of which about
56,000,000 was reported to be issued.
V. 75, 906.
For year 1905-06
gross earnings, 52,741,152; net, $703,505, against $720,341 In 1904-05;
other Income, $1,761; charges, $843,340.—(V. 75, p. 906; V. 81, p. 211.)
and the
5 g
6
N
J
D
N
A
A
A
A
-
661,000
4,756,000
13,418,000
800,000
1,465,000
53,000
2,000,000
500,000
100
307
c*
J
M
J
A
4H g J
4 g
J
6
J
350.000
6
A
4,687,000
4H g M
4 g
A
6,000,000
M
2,291,416
5H
4
In
1907
See
2,539,992
6
J
8,176,000
g
585 000
5
j
A
5
376,000
Ac
_
J
3H
712,000
200,000
500,000
800,000
50,000
1,000
100
M
4
7
5
573.000
100,000
772,000
1,000
Fort Worth & Rio Grande—See St Louis & San Francl SCO.
Gainesville A Gulf—See Tampa & Jacksonville.
Gainesville Midland—1st M $1,000,000 gold red at 110
74
1905
1,000
Galveston Harrisb & San Antonio—1st M g land gr.c*
256 ’71 -’80
1,000
Western Division first mortgage gold
671
1881
1,000
c*
Galv Hous A Nor 1st M (owned by Sou Pac)
1900
56
£ or $
N Y Tex A Mex 1st M gold $ or £ guar by So P. F.c*
91
1882
91
1882
£ or $
do
do
do
not guaranteed
Galveston Houston & Hend of 1882—1st M
50
1883
Me.c*
1,000
Genesee A Wyoming RR—1st M gold $500,000
16
1899
1,000
K
Air
Line
board
Georgia A Alabama—Georgia Carolina A Northern—S ee Sea
85
1906
1,000
Georgia Coast A Piedmont—1st M gold $1,000,000 Mo
1904
1,000
Georgia Florida A Ala—1st M $1,100,000 gold.Ma.c* Text.
98
1896
1,000
Georgia Midland Ry—1st M gold $1 650,000 lnt guar
Georgia Pacific—See Southern Ry.
Georgia Railroad A Banking Co—Stock
Bonds, refunding, not mortgage, currency
$3,660,000
GEORGIA RAILROAD.—Under this name are operated thellnes
from the Georgia RR. A Banking Co., which see.— (V. 67,' p. 1260.)
leased
GEORGIA RR & BANKING CO.—Owns from Augusta, Ga., to Atlanta,
Ga., 171 m.; branches to Washington and Athens, 58 m.; Macon A Augusta
RR. (proprietary road), Camak. Ga., to Macon, Ga., 74 m.; trackage, 4 m.:
total, 307 miles.
i
j
!
]
ORGANIZATION. — Owns also one-half the stock of tlie Western Ry. of
Ala. 11he Cent, of Georgia Ry. owning the other half); also a 47";, Interest
In the Atl. & West Point (which see).
Guarantees (jointly with Cent. RR.
& B. Co. of Ga \ t he $1 .54*3 .non first mtge. 4 u per cents of W»**t. Ry. of Ala.
In April 1881 the railroad (307 miles) and its interest in the other railroad
companies were leased for 99 years to W. M. Wadley and associates, for the
Cent, of Ga. and the Lou. A Nash., at $600,000 per year, but In Anril 1899
For
explanation of column headings, Ac.,
on first page of tables.
see notes
Miles
Date
of
of
Road. Bonds.!
Georgia Sou. & {Florida—First pref stock redeemable! Text.
Second preferred $1,084,000 5%__
i
First mortgage gold $4,000,000
MeBa.c*
285
1895
First consol mortgage $10,000,000 gold
N.c’Ar
392
1902
Equipment trusts Ser A $18,000 due semi-annually
1902
do
do
Series B, $30,000 due s a
1906
Gettysburg A Harrisburg—South Mt first mortgage
Gettysburg & Harrisburg first mortgage old Issue..
1882
Consolidated mortgage $565 000 gold (see text)..
35
1891
Gila Valley Globe & Northern—1st M gold
125
(text)-.Mp
1894
Glenville A Kanawha—First mort $600,000 gold..IB
30
1907
Goshen A Deckertown—1st & 2d M ($60,000 are 2dS)
12 ’88-’89
Gouverneur A Oswegatchie—1st M gold gu p & l.IJn.c
13
1892
Grand Rapids Belding & Saginaw—1st M (text) gold
28
1899
Grand Rapids A Indiana Ry—Stock $6,000,000
First M mostly land grant gold extended In 1899_c*
335
1891
First M extended gold guaranteed by Penn RR...C*
335
1891
Second mortgage $5,000,000 gold
c*
387
1896
Gr Trunk Pac—Com (to be owned by Gr Tr) $25,000.000
First M £ guar Can Gov’t (text)
cAr
1,700 1905
Prairie Section M (Ser A) £2,100,0001 guar p & 1 1,200 1905
Mountain Sec M (Ser B) £2,050,000)
500
by Grand
1905
Lake Sup Division 1st M $1,550.000_J
Trunk.
220 1905
Debenture stock $25,000,000 redeem at 105 after ’36
Grand Trunk Ry—Consolidated stock £23,318,309..
1882
4 % guaranteed stock non-cumulative £10,000,000..
1884
First preference 5% stock £3,420,000
’73-’74
Second preference stock £2,530,000.
’73-’74
Third preference 4% stock £7,168,055
Debenture stock £4,270,575
3.512 1874
Consolidated debenture stock (collat trust) cum
1874
Second equipment M (subject to 1st M In trust)_.c
1869
Great Western perpetual debenture stock
ci 836 H Var.
Northern Ry third preference A & B bonds
_c
490 5*
1868
Debenture stock 4 % perpetual £425,850
1884
Midland of Canada 1st M sectional £525,000
c
4551/1878
Consolidated first mortgage £3,164,700
c
,11882
New England Elev 1st M g, gu due $10,000 yrly.
1901
Montreal Warehousing 1st M $1 000 000 gold guar
J 1906
$684,000
1,084,000
3,801,000
2.000,000
198,000
240,000
1,000
1,000
1,000
1,000
1,000
1,000
500
&c
100
100
£100
£100
£100
£100
Ac
Ac
&c
Ac
£100
£100
£100
£100
£100
£100
£100
£100
£100
£100
£100
$
.
BELDING & SAGINAW RR.—Freeport to
Belding,
on 28 miles and $9,000 per m. for
Leased for 30 years from Jan. 1 1900 to Pere
1,000 000
1
1
1
1912
1926
1924
&
&
A
&
A
A
A
M
Bank of Mont, Lond ANY Jan
Co’s Office, London, or)
or
April
Bank of Montreal'•
April
New York
April
’
O Check from
O
do
O
do
do
Yearly
J & J 14
&
&
A
J
F
A
F
M
J
J
A
O
A
N
J
3?*gJ
A
J
4
&
A
Glyn,' Mills, Currie &
Co, London
O Montreal
paid
Irredeemable
1 1919
Irredeemable
Irredeemable
Irredeemable
May 1 1908
July
Jan
or
1955
ever
Co’s Office Apr 26 1907 2 %
do
Apr 26’07 2 4$ %
do
Apr26’07 2^ %
do
Apr 26 ’07 3 %
Irredeemable
Q—J
&
&
&
&
&
&
'
1962
1955
1 Perpetual1955
None
A
A
A
1
1
1
1
London
1
1912
July 1907-1941
April 1 1936
1. Leased Line, to be Built by Canadian Government—
Miles.
Eastern Div., Moncton, N.B., via Quebec to
Winnipeg, about.. 1,800
(To be leased for 50 years to Grand Trunk Pac. Ry. Co.—for first
7 years at cost of operating only and for
remaining 43 years at
3 % on cost of construction, but
subject to V. 80,p. 997.)
2. Western Division, to be Built and Owned by
Company—
a. Prairie Section,
Winnipeg to Rocky Mountains, about
1,336
b. Mountain Division, Rocky Mountains to Pacific Ocean, about._
418
3. Lake Superior Branch, to be Built and Owned by Company—
Thunder Bay on Lake Superior to junction with Eastern Division
east
In
of
Winnipeg
203
Total of all, not Including sundry proposed branches
were under contract.
V. 82. p. 928, 983.
April 1906 1.337 miles
3,757
ORGANIZATION.— Incorporated by Canadian Legislature in 1904.
See full statement In V. 80, p. 996; V. 81, p. 1315.
In 1906 application was
granted to incorporate the Grand Trunk Pacific Branch Lines Co. to build
branch lines and to guarantee bonds to be Issued thereby.
V. 82, p 333.
STOCK.—Authorized, $45,000,000 (par of shares, $100 each) of which
the $25,000,000 common will be owned by the Grand Trunk
Ry.
BONDS.—On condition that the Grand Trunk Ry. Co. of Canada
guar¬
antee 2d mtge. bonds to provide the balance for the construction
of the
Western Division of the line, the Canadian Government undertakes to
guar¬
antee 1st mtge. bonds bearing Interest at 3 % for an amount
up to 75 % of
the cost of construction of that division, such amount (a) In the case of
the
Prairie Section not to exceed $13,000 per mile, or £3,210,000 In all,
and
(&) three-quarters of whatever the cost per mile may be from the mountains
to Pac.Coast, called Mountain Section. (V.8(L
p.996. 1234; 1363; V.81 ,p.613)
Series “A” (Prairie Section) bonds, total Issue limited to £2,100,000, and
Series “B” (Mountain Section) bonds, not to exceed
£2,050,000, are se¬
cured by a 2d mtge. (National Trust Co., Toronto, trustee) on the
railway,
equipment and tolls of the Co., Including Its leasehold
Interest in the Eastern
Division, but not branch lines exceeding 6 miles In length,
ships, grants of
lands (other than for railway purposes) and the rolling stock of
tne East.Div.
or of the above-mentioned branch lines of over 6
miles.
These bonds are
unconditionally guaranteed as to principal and Interest by endorsement on
See form In V. 80, p. 996.
Ry. Co.
Although the mortgage to secure the 3 % bonds guaranteed by the Govern¬
ment will rank before the mort. to secure the bonds guaranteed
by the Grand
Trunk Ry. of Canada, yet an agreement schedule to an Act of 1904
provides
In effect that in the event of default by the company for 5
years In pay¬
ment of the Int. on the 3 % bonds, the remedy of the Government shall be to
put In a manager to operate the Western Div. and to collect and distribute
net earnings part passu between the holders of the bonds
guaranteed by the
Government and the holders of the bonds guaranteed by the Grand Trunk
Ry. Co. In the proportion of 75 % of such earnings to the holders of the
each by the Grand Trunk
Government bonds and 25 % to the holders of the bonds of this division
guaranteed by the Grand Trunk Ry. Co.
The mortgage deed to secure the ser. A and ser. B bonds will
provide that
separate accounts shall be kept of the tolls, earnings. Incomes, rents and
profits of the Prairie Section and the Mountain Section, and that In the
event of the trustee exercising the right of entry or sale
thereby given In case
of default by the co., the moneys arising from each particular
section and
available for the purpose shall, subject to the payment of the
working
expenditure of the section, be applied first In payment of any Interest or
principal due on the bonds Issued In respect of such section.
Lake Superior branch bonds, total Issue limited to £1,550,000, are to be
secured by a first mortgage on all the 220-mlle Lake Superior
Div. and are
guaranteed prln. and Int. by Grand Trunk Ry. Co.
(V. 80. p. 996.)
DEBENTURE STOCK.—Tn 1906, $25,000,000 debenture stock was au¬
thorized, of which $15,000,000 (£3,000,000) Interest guaranteed by the
Grand Trunk RR. under certain conditions (see V. 84. p. 570), to be issued
as perpetual debenture
stock; of this, £1,000,000 was offered In Feb. 1907,
payable 10% on application, 25% on allotment, 25% May 1. 20% June 1
and 20% July 1 1907, or in full at once.
V. 82, p. 568, 1102; V. 83, p. 155,
construction.
Marq. RR.
(which owns the capital stock), rental covering Interest.— (V. 70, p. 39.)
969.
GENERAL FINANCES.—In Feb. 1905 Speyer Bros. In Lcfndon.
GRAND RAPIDS & INDIANA RY.— {See Map of Pennsylvania RR.) —
Ac.,
offered at 99 43 £3,004.000 4 % (2d) mortgage sterling bonds due 1955, viz.,
Owns from Fort Wayne, Ind., to Mackinaw City, 367 m.;
branches, 56 m.;
£1,646,000 ser. A (Prairie Section) bonds and £1,358,000 Lake Superior
total owned, 422 miles; operates the following roads, but has not assumed
branch bonds, all guar, by the Grand Trunk Ry. Co.
the'old company’s leases thereof: Cln. Richmond A Ft. Wayne
(See V. 80, p. 996.)
RR., 86 m.;
In Mch. 1905 N. M. Rothschild A Sons offered at 95 £3,200,000 1st
Traverse City RR. (nearly all the stock and all the Income bonds owned)
mtge.
3 % sterling bonds guar, by the Canadian Government
26 m.; Muskegon Grand Rapids A Indiana
(V. 80, p. 1234, 1363;
RR., 37 m.; trackage, 7 m.
V. 81, p. 507 )
Traverse City Leelanau A Manlstique RR., Traverse City to
The Prairie Section through tlie great wheat belt and the
Northport,
Lake Superior branch are expected to be completed In 1907.
Mich., 30 miles; see V. 74, p. 777- V. 76, p. 81 1; V. 82, p. 988, 1098
OFFICERS.—Pres., Charles M. Hays. Montreal, Can.; Sec.. Henry
HISTORY.—Successor Aug. 1 1896 of Grand Rapids A Indiana Railroad
foreclosed under second mtge. per plan In V. 63, p. 153.
Phillips; Treas., Frank Scott.—(V. 82, p. 1102; V. 83, p. 155; V. 84, p. 570.)
STOCK.—Stock, $6,000,000, of which Pennsylvania Interests are sup¬
QRAND TRUNK RY. OF CANADA.—(.See Map.) —Quebec, Can., via
posed to own all or nearly all.
Penn. Co. on Jan. 1 1907 owned $2,902,600.
Montreal, to Chic., Ill.; also to Portland, Buffalo, Detroit, Toledo, Ac.
DIVIDENDS.—1900, 1 %: 1901, 2 %; 1902 to Apr. 1907, 3 % (yearly).
SYSTEM PROPER.
REPORTED SEPARATELY.
BONDS.—The 1st mtge. bonds extended at 4 14 % are endorsed with the
Miles.
Majority stock owned.
Miles.
guaranty of the Penn. RR. Co. to purchase the coupons as they mature, and
Lines owned
2.951 Central Vermont*
531
the bond itself at maturity.
They have no lien on land grant.
See guar¬
Leased—partly owned.
Grand Trunk Western*
336
anty, V. 56. p. 649; V. 69, p. 1193.
Atlantic A St. Lawrence, Port¬
Of the 2ds, $888 were owned Jan. 1
Entire stock owned.
1907 by Penn. RR.
land,Me. to Island Pond. Vt. 165 | Detroit Grand Haven A Mil*..
189
REPORT.-Report for 1905 was In V. 82. p. 1098.
Buffalo A Lake Huron
In 1905 carried
164 Tol. Sag. A Muskegon
96
2,711,469 tons of freight, of which 43 % was lumber, Ac., and 14 % coal.
Clncln. Sag. A Mackinaw*
53
Jointly mvned.
Year ending Dec. 31.
1900.
1905.
1904.
Other lines
1903.
202 Detroit A Toledo Shore Line
79
Miles operated
424
4 24
415
430
Gross Income...
$3,900,605
Total 1n earnings
$3,605,649
$3,302,347
3,535
Total road
$3,401,654
4,766
Net over exp. & taxes.
Car ferry. Grand Haven to Milwaukee.
782,094
698,839
621,859
698,833
*See separate statement this Co.
Interest charges for 1906, $406,461; other deductions, $155,751; dividends
As to Grand Trunk Pacific Ry., see that company above. V. 79.
p. 2587.
(3%), $173,730; balance, surplus, $46,153.—(V. 82, p. 751, 1098.)
The company on Sept. 30 1905 began operating Canada Atlantic
Ry. and
GRAND TRUNK PACIFIC RY.—(.Sec Map.)—This new trans-conti¬
guar., prln. and Int., its 4 % bonds.
V. 79. p. 967, 1331, 1641, 2455, 2620.
nental railway across Cauada has received the approval of the Canadian
STOCK, Ac.—The authorized capital on June 30 1906 was £46.436,364
Government, and will be carried through with the joint financial support
stock (£42,723,355 issued and £2,713,009 unissued); advances from the
of the Government and the Grand Trunk Co. Ry. of Canada.
It will
Canadian Government In aid of construction amount to £3,1 11,500.
Per¬
consist of a main line of an estimated length of about 3,550 miles from !
petual consol. 4% debenture stock authorized by Act of 1882, and later
Moncton, New Brunswick, to a point near Ival-En oft the Pacific Ocean,
Acts, has been Issued from time to time*to acquire securities of companies
about 25 mlb
south of Port Simpson, B. C., with branch, 203 miles, viz.
consolidated and controlled, amounting June 30 1906 to £8,395,588, and
new
,
_
•
4
4
4
4 In 1906
5 for '06
5 for ’06
See text.
5
4
6
5
6
4
5
426,200
5
1,016,500
350,000
April 1 1898
April 1 1937
See text.
,
Stocks—Last
Dividend.
N Bk Or Co, Goshen, N Y 1928-1929
Grand Cent Station, N Y June 1 1942
International Tr Co, Bost Mar 1 1924
Office. Grand Rap, Mich Apr 25*07 1H%
Winslow,Lan & Co, N Y July 1 1941
do
do
July 1 1941
Oct
1 1936
Philadelphia, Pa.
See text.
1,000
& £
Reading Office, Phlla
£3,200,000 3 $ or £ J
4
£1,646,000
A
£1,358,000
£1,000,000
£22,475,985
9.629,315
3,420,000
2,530,000
7,168,055
4,270,375
15,135,981
373,000
2,723,080
14,600
347,990
Bonds—Princi¬
Due.
pal! When
Phlla & Read Office,Phlla Oct
do
do
Oct
So Pac Co, 120 B’yray.NY Nov
5,791,700
920,000
4,455,000
4,400,000
1,000
1,000
1,000
Where Payable, and by
Whom.
M T & D Co, Balt: & N Y Nov 15*06 2H%
do
do
Novi5*06 2H %
do
do
July 1 1945
do
do
July 1 1952
Blair A Co, New York
Sep ’07-Sep ’12
do
do
Sep ’07-Mar ’ll
100,000
250,000
215,000
1,508.000
See text.
246,500
300,000
260,000
1,000
1,000
DIVIDENDS.—
1
’81
’82
’83 to’87
’88
’89 to Apr 1907
Since 1880, % j
9 44
10 X
10 yearly
10 H
11 yearly
EARNINGS. (307 miles).— 11906
Gross, $2,063,980; net, $407,589
July 1 to Feb. 28, 8 months. J1905
Gross,
1,909,432; net,
602,842
Railroad earnings for year ending June 30 1906, gross,
$2,482,497; net,
$778,682; div. received, $16,823; rental to Ga. RR. A B. Co., $600,000;
Macon terminals, $50,000; other payments, $18,724;
balance, surplus,
$126,781. — (V. 82, p, 333.)
GEORGIA SOUTHERN A FLORIDA R Y.— (See Map of Southern
Ry.) —
Owns from Macon, Ga., to Palatka, Fla., 285 miles; on Nov. 1 1902
pur¬
chased Atl. V. & W. Ry., Valdosta, Ga., to Jacksonville,
Fla., 107 miles;
trackage Into Jacksonville, 3 m.; total, 395 miles.
Also owns one-elglith
of stock of Jacksonville Terminal Co.
V. 77. p. 626..,
HISTORY.—A reorganization of the Georgia S. A F. Railroad, sold In
foreclosure April 2 1895.
(Per plan In V. 60, p. 928; see also V. 59, p. 551.)
Macon * Birmingham Ry., La Grange to Sofkee, Ga., 97 m.. is owned
by
same Interests, but operated Independently.
V. 78, p. 702.
In Oct. 1903
an Interest In the stock of the Hawkinsvllle A
Florida Southern Ry., Worth
to Hawkinsvllle, Ga., 44 m., was
purchased, $310,000 first mortgage 5 %
bonds being guaranteed, prln.
V. 79, p. 2585.
and Interest.
DIVIDENDS.—On 1st pref., ’96, 4%; ’97 to Nov 1906. 5% yearly. On
2d pref.. In ’97. 2%: ’98. 3%; ’99. 3%: moo to May looo.
4% yearly;
Nov. 1906, 2Yi % semi-annually.
Common stock Is $2,000,000.
BONDS.— First mort. of 1895 (Abstract, V. 61, p. 429) provides that the
$684,000 lsf pref. stock shall be a lien second only to the bonds and coupons.
The 1st 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 5s and
$684,000 1st
pref. stock, and $3.316.000 are reserved for future needs.
V. 75, p 980.
LATEST EARNINGS. 11906-07
Gross, $1,491,859; net, $275,6 86
8 mos.—July 1 to Feb. 28J1905-06
Gross, 1,281,515; net, 333.214
ANNUAL REPORT.—Fiscal year ends June 30.
Report for 1905-06
was In V. 83, p. 1093, showing, gross, $1
,944,945; net, $425,286; other In¬
come. $18,579; interest on bonds, Ac., $283,706; div. on stock,
$77,560;
bal., sur., $82,599.
Pres., W. W. Finley, N. Y.—(V. 83, p. 1170.)
GETTYSBURG & HARRISBURG RY.—Carlisle to Gettysburg. Pa., 31
m.; branch to Round Top, Pa., 3 m.
The Reading Co. owns $540,700 of
the $600,000 capital stock. $535,000 of which deposited as
part security for
Its gen. mort. of 1896.
The consol. 5s of 1891 were guaranteed by Phila¬
delphia & Reading RR. (foreclosed company).
GILA VALLEY GLOBE & NORTHERN RY.—Bowie, Arlz., to Globe
125 miles.
Stock, $2,000,000, of which Southern Pacific Co. owns $1.997,000.
V. 71, p. 1314.
Par, $100.
The bonds, limited to $15,000 per mile
($1,508,000 outstanding), are guaranteed, principal and Interest, by South¬
ern Pacific Co.
V. 69. p. 27: guaranty In V. 68 p. 232.
DIVIDEND.— Dividend, 1901,4 %; 1902, Jan.. 4 %; In 1904-05, 20 %.
REPORT.—Year ending June 30 1904 In V. 79. p. 1460.
In 1905-06
gross, $903,359; net, $227,591; deductions, $87,901; bal., sur., $139,690.—
(V. 79, p. 1460.)
GLEN VI LLE & KANAWHA RR.—Under construction from
Glenville
to Weston, W. Va., 30 miles.
Stock,
(?)
In ,1907 made a mort¬
gage to secure $600,000 bonds.
President. Lloyd Rinehart, Weston, W.
Va.; Vlce-Pres. and Gen. Mgr., Robt. L. Ruddell; Treas., C. M. Bennett.
Office, Glenville, W. Va.—(V. 84, p. 570.)
GOUVERNEUR & OSWEGATCHIE RR.—Owns from Gouverneur to
Edwards, 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.
Mtge. Is for $260,000
Payable, j
1,000
1,000
1,000
the Lou. & Nash, was held to have acquired all
rights under the lease; the
Atlantic Coast Co. In July 1899 acquired a half Interest.
V. 68, p. 722;
V. 69 p. 385, 591; V. 70, p. 125.
Locomotive trusts, $42,359.
Dec. 31 1892 the banking department was turned over to
“Georgia
Railroad Bank,’’ a majority ($198,200) of whose stock Is owned.
GRAND RAPIDS
Outstanding
100
...
Mich., 28 miles.
When
$100
..
—
Amount
.
RAILWY
STOCKS
AND
BONDS.
IVol.
lx iv
RAILWY
STOCKS
AND
BONDS
[Vol.
lxiv.
ape.,
1907.J
KAILWY
STOCKS
AND
BONDS
64
RAILWAY STOCKS AND BONDS.
RAILROADS.
For explanation of column headings, Ac., see notes
on first page of tables.
}.
Grand Trunk Western—Northwest Grand Trunk 1st M
1st M $15,000,000 lnt guar gold $ (cur) A £
F
2d M Income gold $1,500,000 redeem (text)
Col
Great Northern—Stock $200,000,000__
Ore trust certs, 1,500,000 shares
St Paul Minn & Man—Stock originally $20,000,000
St P M & M 2d (now 1st M) g (does not cover l’ds) .c"
do
of
326.5
624
1,221
2,655
2,655
420
818
—
.registered
3
3
72
299
260
205
2
132
Spokane Falls & Northern first mortgage gold. Ma.c*
Gt Nor Ry of Can—See Canadian Northern Que. Ry.
Green Bay & Western RR—Stock (see text)
Debentures Class A Incomes text non-cum
Class B Incomes, after 5% on stock,non cum.-c*
Oreene RR (N Y)—Stock.
1
Greenwich & JohnsonvlIIe—1st M $500,000 gold.ScAri
Guay & Q—1st M $12,282,000 gold guar (text)
Usm
Gulf Beaumont & K C—1st M $10,000 p m gold.AB.c
Second M $10,000 p m ($176,000 are 6s)
AB c
Gulf B A Gt Nor gold p A I guar end (text)-.AB.c
Oulf & Ship Island—Stock $6,000,000 authorized
First refund A terminal M gold sink fund..^. N.c* Ar
Gulf Term, Mobile—1st M $7<)0,000g gu (text)... c*Ar
Hancock A Calumet—See Mineral Range RR.
—
$500
100
None
100
1879
1880
1883
1883
1887
1890
1901
1901
1882
1882
1888
1898
1887
1888
1891
1889
1,000
1,000
1,000
1,000
1,000
£100
Ac
$1,000 Ac
1,000 Ac
1,000
1,000
1,000 Ac
1,000 Ac
1,000 Ac
1,000
1,000
1,000
1896
1896
1,000
1,000
62
62
77
280
—
n
In
Outstanding
%
1,000
1902
1907
100
1,000 Ac
1,000
650,000
bearing an annual Interest of £434,639.
V. 71, p. 84.
Guar, stock,
£750,000. was subscribed In 1903 and £500,000 In 1904; V. 78, p. 1962.
In 1906 £1,000,000 was offered.
V. 82, p. 692.
In Feb. 1906 It was pro¬
5
5
4
5 A
5
5
6
4,700,000
d5,000,000
10,000,000
3.646,000
500,000
e2,812 000
Bonds—Princi-
pal. When Due.
Where Payable, and by
Whom.
Payable.
g
g
g
6 g
g
g
2,500,000 5 Feb ’07
600,000 5 Feb ’07
400,000
749,500
750,000
781,000
6,000,000
h4,984,000
600,000
All excep t $342,000
public.
When
|107613000
12,282.000
500
500
'
r.xxxi y.
Stocks—Last
Dividend.
6
$563,000
J
A
J Nat Bk of Commerce, NY Jan
4 g
14,437,000
J
A
J Bank Montreal, Lon ANY July
1,500,000 Up to 4 %
4 % paid 1905-1906
July
July
See text. 7 In 1906
Q—F
Office, 32 Nassau St, N Y May
1,495,720sh
do
do
6
C342.000
do
Q—F
do
May
6 g
6,369,000
A
A
O New York and London Oct
6 g
4.886,000
MAN 32 Nassau St, New York Nov
6 g
13,344,000
J
A
J
do
do
July
19,250,000
A
J
do
4H g J
do
July
a 10,185,000
4 g
J
A
D
do
do
June
b£4,000,000
4 g JJ A J N Y A Lond, Baring Bros July
,
A
J
4 g
J New York, etc.
July
do
\
4 g
Q—J
do
July
6 g
J
2,150,000
A
J 32 Nassau St, New York July
1,000
1,000
1904
1899
1893
1893
1900
bon ds.- c
ha'nds of
Rate
100
•
21
Amount
7,000,000
200,000
_
..
$ 11,502 000 additional pledged for Pacific Extenslo
Subject to call after April 1928.
e Only $232,000
$500
£100
100
c*|
d
1880
1900
1900
—
INTEREST OR DIVIDENDS.
or
Par
Value.
_
Minn Un RR 1st M gold guaranteed
Ce.c*
do
do
do
East of Minn 1st M ($50,000 p m) g guar__Ce.c* Ar
North Dlv M $15,000,000 gold guar, red_Me.c*Ar
Mont Cent 1st M g ($6,000,000 are 6s) guar.Ce.cAr
Wlllmar A Sioux Falls 1st Mggu p & I (end). Ce. c*&r
Mlnneap West 1st M $1,000,000 g gu (V. 60, p. 835) c*
a
Size,
Road. Bonds.
66
{
do
Date
of
! 326.5
Dakota Extension first mortgage gold
Ce.c*
Consol
M
fori (now 1st M on lands) gold__Ce'
$50,000,000
j
Montana Exten 1st M ($25,000 p m) g.Ce.c’Ar
Pacific Extension M £6,000,000 gold
Ce.c’Ar
C B A Q col tr M g(sub to call aft Jan’06 at 105) S.cAr
do
Miles
[Vol.
n$16,000
6
4 g
6 g
6 g
5 A 6 g
5 g
See text.
5 g
4 g
o wned.
o Id 5s of
J
A
A
J
J
J
J
A
A
A
A
A
A
A
J
O
O
J
D
J
J
Feb
Feb
1910
1950
1950
1 ’07 1 *1%
1 ’07 1
1 1910
1 1910
1 1933
1 1933
1 1937
1 1940
1 1921
1 1921
1 1922
do
do
July 1 1922
32 Nassau,NY;Lee,H,Bo April 1 1908
do
do
1928-1948
32 Nassau St, New York July 1 1937
do
do
June 1 1938
N Y A Lond, Baring Bros July 1 1911
Chase National Bk, N Y July 1 1939
Office, 40 Wall St,=N Y Feb 1 1907 5%
do
do
do
do
D D L A W Off, 26 Exch PI
J
J Standard Trust Co, N Y
J
J USMATrCo.NY; ALon
F
A 5 Nassau St, New York
F
A
do
do
J
J
do
do
Q—J
Buffalo, N Y
J
A
J Fisk A Robinson, N Y
J
A
J
New York
j
1
l
l
A
A
A
A
A
A
Feb 1
1907 5ft
Dec 19 ’06 3 %
Jan
1 1924
Jan
2 1932
Aug
Aug
1 191#
1 1913
July 1 1930
Apr 15 '07 1 %
•
Feb
Jan
1
1
1952
1937
b £2,000 000 additional held
by Gr eat Northern.
11896 rema n outstanding.
The Union Pacific system In Mch. 1907 owned $9,036,400 stock.
V. 83
1332, 1322; V. 84. p. 509.
’
DIVID’DS, |’92 to’96 (Indus.) ’97. ’98. '99. ’00. ’01. 1902 to May ’07.
posed to apply for authority to guarantee Toronto Union Station Co. bonds.
Gt. North.)
5 % yearly.
61)
7
7
7 4
V. 82, p. 452.
7 % yearly, Q-F.
Montreal Warehousing guaranteed bonds. V. 83. r>. 37.
Also In 1898 50% In Seattle A Mont, stock, which was then
DIVIDENDS—
For ’98. ’99. ’00. ’01, ’02'. ’03. ’04. ’05. ’06.
exchanged
for 40% In Gt. Nor. pref.
66,
V.
p.
1044,
1188;
Guaranteed 4 % stock
V. 74, p. 829.
4
4
And In Dec.
% 2
4
4
4
4
4
4
1906,
unit
for
unit,
1,500.000
certificates
of
beneficial
First preferred
In
Interest
the
iron ore
% 3
5
5
5
5
5
properties.
See "General Finances” below.
Second preferred
% 0
3 % 3
5
5
5
Third preferred
BONDS.—St. P. Min. A Man. consol, mtge. of 1883 Is for $50,000,000, of
0
% 0
0
0
2
3
EARNINGS.—8 mos.
which bonds are reserved to pay prior liens.
1906-07
Gross, $22,037,457; net, $5,943,455
It Is a first lien on the land
1905-06
.July 1 to Feb. 28.
grant and on 670 m. of railway In Minn, and a second lien on the
Gross, 20.199,867; net. 5,466.052
remaining
REPORT.—Statement for 1905 was In V. 82, p. 983.
1.873 miles In Minn, and the Dakotas, the prior liens on which
For 1906 (est.):
average only
Years ending lire. 31—
1906.
1905.
$5,900 p. m. V. 64, p. 518. Montana Ext. mtge. Is for $25,000,000 for
1904.
Gross earnings
extensions and for second track. Abstract, V. 45. p. 342.
£6,606,5’'8 £6,018,001
£5,689,130
Transj>ortation expenses
4,746,318
Pacific Extension mtge. £6,000,000 provides for bonds at £6,000 per
4,269,153
4,100,660
mile In Montana and £7,000 per mile west of Montana; £3,000,000 of
thli
Net earnings
Issue (of which £1,000,000 sold) were released upon payment of
£1,860,210 £1,748,848 £1,588,470
collateral
Total net income
trust bonds Sept. 1 1898.
£.'.100 993
V. 66, p. 1044, 1188; V. 80, p. 1111, 1174.
£1,951,23 2 £1,787,232
Rentals.
See abstract of mortgage, V. 52, p. 82.
£155,206
155,206
155,206
Interest on bonds and deb. stock
In 1904 the Gt. Northern and Nor. Pac. had acquired $107,612,600 of the
1, 70,923
1,071,144
1,070,505
Advances to controlled roads
41,537
Chicago Burl. A Quincy RR. $110,839,100 stock, In exchange for their
11,070
4.807
Dividend on guaranteed stock
(4)312,411
Joint 20-year 4 % gold bonds, secured by the deposit of the stock In trust,
(4)275,358
(4)255,532
Do
on 1st preferred stock
on basis of $200 In bonds for each $100 stock.
(5)170,842
(5) 170;842
See circular, V. 72, p. 871,
(5)170,842
Do
on 2d preferred stock
(5) 126,420
1034, 1135, and application to list V. 73, p. 294, 903.
(5)126,420
(5)126,420
Do
on 3d preferred stock
Eastern Railway of Minnesota.—First mtge. covers road, equipment, ter¬
(2) 143,293
(3)214,939
minals and elevators.
The Northern Dlv. $15,000,000 mtge. of 1898
pro¬
Balance
vides
for extension built from Fosston, Minn., to the head of lake
sur.£8,714
def.£2,101
sur.£3.920
naviga¬
tion at Duluth, and also for future requirements. Including the
OFFICERS.—Pres., Sir C. Rivers Wilson, London; 2d V.-P. and Gen.
retirement of
the $4,700,000 1st 5s at maturity.
Mgr., Chas. M. Hays.—(V. 83, p. 1228, 1469; V. 84, p. 390, 450.)
They are redeemable at 105 on three
months’ notice after April 1 1928. V. 66,
GRAND TRUNK WESTERN RY.—(See Map Grand Trunk Ry.)—Owns
p. 471.
Montana Central bonds
cover several roads.
(See adv. "Chronicle’1 Dec. 12 1891.)
from Port Huron, Mich, to Chic. & West. Ind. RR., 330 m., and
The Manitoba
trackage
guarantees these Issues, and Gt. Nor. assumes guar. See guar., V.74, p.680.
Chic. & West. Ind., 5 m.; total, 335 m.
Stock, $6,000,000, all owned by
The
Willmar A Sioux Falls bonds are endorsed with Joint and several
Gr. Trunk. Successor (V. 69, p. 954; V.71, p.28) of Chi.& Gr. Tr. foreclosed.
guar, of the Manitoba and Gt. Nor. companies. Further Issues may be made
BONDS.—The Grand Trunk unconditionally guarantees the Interest on
at
$17,500
per mile for additional road.
V. 56, p. 247.
the new 4s.
Of the 4s, $563,000 are reserved for Northw. Gr. Trunk 6s.
Minneapolis Western first mtge. Is for $1,000,000.
The new Incomes are subject to call at 85 and any lnt. then due, within the
V. 60, p. 835.
The £1,500,000 2-year sterling loan due Dec. 1 1905 was paid
first 10 years. Int. on Incomes, 1 % paid on July coupons In 1902 to 1905,
at maturity.
lncl.; 4% In 1906.
V. 83, p. 687.
GENERAL
Jointly with Toledo St. Louis & Western
FINANCES.—Total funded debt per mile of main track
guarantees Detroit & Toledo Shore Line bonds.
V. 76 p. 653.
(4,829 miles) in the hands of the public June 30 1906, $20,756.
V. 83, p.
EARNINGS.—8 mos.,1 1906-07
11<>7.
Gross, $3,975,550; net, $561,157
Tralnload, 1905-06, 529 tons, airalnst 522 in 1904-05.
Stockholders In Nov. 1905 subscribed for $25,000,000 stock at par and
£ • July 1 to Feb. 28.
j 1905-06
.Gross, 3,643,499; net
578,733
Year ending June 30 1906, gross, $5,350,926; net. $907,531; charges,
In Jan 1907 were offered the right to subscribe for $60,000,000 stock at
par,
$814,661; 4% on Incomes, $60,000; repayment int. advanced bv Grand
payable In Installments to April 1908.
See STOCK above.
Trunk Ry. at June 30 1901, $30,278; sur., $2,592.
In Oct. 1906 a contract was signed for a lease of the ore lands to the U. S
(V. 83. p. 687.)
Steel Corp., to continue until the ore Is exhausted, unless the lease Is termi¬
OREAT NORTHERN RY.— (See Maps.)— In Feb. 1890 leased the St.
nated on Jan. 1 1915 under the option reserved to the Steel
Paul Minneapolis A Manitoba for 999 years, assuming Its funded debt and
Corp., on a roy¬
alty basis of $1.65 per ton standard ore with 3.4 ets. per ton Increase each yr.;
guaranteeing 6% per annum In gold on Its $20,000,000 stock.
In 1906
minimum tonnage to be mined, 750,000 tons during 1SK)7, with 750,000 In¬
only $342,000 of Manitoba stock had not been exchanged for Great Northern
crease each year until 8,250,0n0 Is reached.
The Iron ore properties were
stock.
(V. 68, p. 129; V. 67. p. 1356; V. 67. p. 370, 788, 842.)
transferred to Louis W. Hill, James N. Hill and Walter J. H ill as trustees,the
Lines leased and operated—
Miles.
Owned, unbonded—
Miles.
1,500.000 shares of beneficial Interest In the trust equal to the number of
St. Paul Minn. A Man. Ry.,
Seattle A Montana RR.—
shares of stock held being Issued Dec.,1906 to Great Northern stockholders.
St. Paul to Lowell, Wash
1,790
Seattle to Westminster
143
The
profits from the Iron properties, after first deducting the 80c. per ton
Branches In Minnesota, the Da¬
Anacortes
to
Rockport,
payable to the Gt. Northern Ry for carrying the ore to the docks on Lake
kotas and Montana.
2,088
Wash., Ac
73
Superior will be distributed along with any profits from other ore leases
Eastern Ry. of Minnesota—
at h-ast once a vear to the»holdere of the trust certificates.
Fosston to Cass Lake.
See V. 83
60
Total operated directly
5,032
p. 818, 969, 1228, 121)0; V. 84, p. 693, 749.
Stock owned—oper. separately—
Hinckley to Duluth
72
EARNINGS.—Great Northern system (Including St. P. M. A M., East of
65 Wlllmar A Sioux Falls—
Hinckley to Fridley.
New Dul. to Cass Lake
Minn, and Montana Central) July 1 1906 to Mch. 31 1907, 8 months, $40,140
Wlllmar to Yankton, S. D._
205
MIssIss., Minn., to Hlbblng.
218,798, against $39,031,879 In 1905-06.
49
Garretson, S. D., to Sioux
Brook
Pk.
to
Coon Creek
City, la., and O’Neill, Neb. 22 8
ANNUAL REPORT.— Report for 1905-06 was given at length In V. 83
June., Ac
115 Duluth Watertown A Pacific—•
See also editorial, p. 1008.
p. 885, 1090, 1103.
Park Rap. A Leech Lake Ry.—
Watertown to Huron, Dak..
70
OPERATIONS GREAT NORTHERN SYSTEM PROPER.
Park Rapids to Cass Lake..
49
Minneapolis Un. Ry., Ac
8
Year ending June SO—
1906.
1905. '
1904.
Dakota A Great Northern Ry.—
Montana Central—
Average miles operated
5,906
Gra’v. to .Sherwood. N.D.,Ac
5,723
5,623
Great Falls to Butte, Ac
275
249
Gross
earnings
$51,276,280
$43,526,088
Duluth Terminal Ry.
$40,057,352
2 Spokane Falls A Northern
20#
Net earnings
23,651,761
Duluth Sup. A West. Term..
20,567,239
18,045,010
5 Washington A Gt. Nor. Ry.—
Per cent, of expenses and taxes
52.75
Minn. A Gt. Northern Ry.—
53.87
54.95
Marcus. Wash., to Republic,
Thief RIv. Falls to GreenGREAT NORTHERN INCOME ACCOUNT.
Ac. (V. 73. p. 904, 184)..
84
bush, Minn
'
41 Vancouver Victoria A Eastern
Year ending June 30—
1906.
1905.
1904.
Montana A Great Nor. Ry.—
Net earnings St. P. M. A Man
Ry. A Navigation—
$21,520,668 $18,816,731 $16,679,973
(V. 73. p. 904, 184.)
Interest on bonds owned
Grand Forks, B.C., to Phoe¬
397,406
392,227
395,896
Rexford, Mont., to Gate¬
Dividends on stocks owned
nix, B. C., Ac
46
965,247
973.325
751.340
way
9
Rentals of leased lines
123,824
119,851
119,751
Gt. Falls, Mont., to SweetBills
Total road, July 1908
receivable
1 .492
2,709
4,01 3
6,289
grass
134 2d, Ac., tracks and sidings
General
Interest
and
other
Income
713,117
891.144
354.296
1,474
During 1905-06 152 m. of extensions were completed and 301 in. addi¬
Total receipts
tional were opened during 1906; grading on 199 m. was begun June 1 1906
__.$23,722,970 $21,497,291 $18,302,748
and 44 m. had been graded, but no track Is to be laid thereon until
Paid rental St. P. M. A Man
$4,107,095
$4,001,555
$3,973,603
spring of
Great
Northern
1907.
dividends
V. 83, p. 1104.
(7)9,148,520 (7)8,693,860 (7)8,683.925
As to Portland A Seattle Ry., 423 m., to be built
Interest
on
sterling loan
Jointly with No. Pac., V. 81, p. 1100; V. 83, p. 1111.
151,875
364,500
212,625
In April 1906 Cana¬
dian lines were proposed by allied Interests from
Renewal, Ac., funds..
5,130,911
3,000,000
2,000.000
Winnipeg westward to
Vancouver, aggregating about 1,300 miles, to be completed in about.2 years
V. 81. p. 669:
Balance, surnlus
$5,184,569
V. 82. p. 928, 1156, 1268.
$5,137,376
$3,432,595
LANDS. —Sales for year 1905-06 were 3.270 acres for $32,095 and 30
(3) OPERATIONS OF WHOLE SYSTEM.
town lots for $1,770.
The net amount due on land contracts June 30 1906
Year. end. June 30 ’06‘.
Gross.
Net.
Oth. Inc.
Tot. net Inc.
was $902,662, lands unsold, 810,814 acres, to be
reduced about 650,000
Great Northern Ry
$46,259,550 $21,520,668
$1,298,802 $22,819,470
acres bv a final adjustment with IT. S.
Montana Central Ry
2,840,227
27.426
1,329,515
1,302,089
.STOCK, -in Oct. 1905 the authorized stock was Increased from
Will. A Sioux Falls Ry..
$125,758,271
2.017,922
766,184
7,912
oon.ooo to 8iso.000.000 and in Jan. 1907 to $210,000,000.
Dul. Water. A Pac. Ry.
Outstanding
282
71,015
158,581
70,733
p.
.
-
.
..
..
_
.
.
.
_.
,
.
...
,
-
Jan. 1907. $149,572,200.
Stockholders In Jan. 1907 were offered the right to'subscrlbe for $60,000,000 new stock pro rata at
par. payable as follows; 1907—Apr., 9 40 %; May 7.
5 %; June 7. 5 °;.; July 8. 5 %; Aug. 7. 5 %;
Sept. 6, 5 %: Oct. 7. 5 %; Nov. 7
5 %,; Dec. 6. 5%.
1908—Jan. 7, 5 %; Feb. 6. 5%; Mch. 6. 5%; Apr. 7.<
5°r».
The proceeds are to be used for additional
equipment*- extensions
and Improvements, acquisition of securities of
subsidiary cos., Ac.
V. 83,
p. 1469; V. 84, j). 749, 803.
_
Tot. Rv. svs. proper..$51,276,280 $23 651,761
509,862
Spok. Fails A No. sys...
1,412,244
207,195
Minneapolis Union
290,664
18,244
Minneapolis Western
59,882
Duluth
Terminal
37,591
13,500
Tot. for system
$53,076,661
$24,400,562
$1,334,422 $24,986,183
64,770
574,633
9.983
81
217,177
18.325
13,500
$1,409 256 $25,809,818
Apr..
1907.]
RAILWAY STOCKS AND BONDS.
6j
3
-
66
[VOL. LXXXIV
RAILWAY STOCKS AND BONDS
•
MUes
see
on
Bonds—Princi¬
INTEREST OR DIVIDENDS.
RAILROADS.
notes
of
Date
Site, or
of
Par
Value.
Road. Bonds.
first page of tables.
Hannibal A St Joseph—See Chicago Burlington A
Harriman A Northeastern—First mortgage gold
Qui ncy.
22
Ce>
Harrisburg Portsmouth Mt Joy A Lane—Stock 7 % gu
First M (extended In 1883) guar p A 1 Pa RR.QP.r
53
Hartford A Connecticut Western—Stock
1
First mortgage extended In gold In 1903
i
Hawkinsv & FI So—1st M $400,000 gold guar p & I,
Henderson Bridge Co—See Louisville A Nashville RR.:
Hibernia Mine RR—Stock
;
1895
$100 Ac
50.
1853
109
109
-
pal. When Due.
Rate
When
%
Payable.
$300 .ooo;
Ac
100
700,000
2.964,3001
1,000
700,000!
500
1883
1902
--
Amount
Outstanding
Where Payable, and by
Whom.
Stocks—Last
Dividend.
Central Trust Co, N Y
6 g
Jan
1 1916
Jan 10 ’07 3 Hi
Company’s Office, Phlla
do
J
J
A
F A A 31 Hartford
J
A
do
4H g J
5 g
A
A
o
do
4
2
310,000j
200.00oj
100
4 \i
~6
100
11,000,000,3 In 1906
Hocking Valley Ry—Stock common $11,000,000
100
Stock preferred non-cum (see text) subject call at par
15,000,000:4 In 1906
4 e
500 Ac
Columbus A Hocking Valley first mortgage gold._c*i
76
1867
1,401,000
Col A Tol 1st M gold (Col to Walb) exten 1905.. S.c*
4 e
118
1875
1,000
2,441.0001
Ohio A West Va 1st M (Logan to Pomeroy)
7
85
1880
1,000
1,584,000!
cV
First consolidated mortgage $20,000,000 gold—Ce
346
1899
14,127,000!
1,000 Ac
4H g
’00-’01 Various
207,8361 5 A 6
Equipment notes payable monthly.
I
Car trusts gold $80,000 seml-an (V 75. p. 741) —S
1902
800,000
1,000
4X g
4
1907
458,000!
1,000
Equip notes gold Ser A due $23,000 seml-ann.. Usm
4
do
do
Ser B due $48,000 semi-annually._|
1907
960,000
1,000
Bonds of coal companies guaranteed
See Sunday Creek Co undier “Industrials.
To be issued and assumed under consolidation plan.
Stock authorized, $13,750,000
100
13.750,000
j
4 g
General lien mortgage $30,000,000 gold
1906
17,000,000
!
4 g
Kanawha A Michigan first mortgage
1890
164
2,469,000
1,000
Ce.c*
291,600
Equipment trusts.
5
do
do
series C
1902
1,306,250
1 j095 i000
Special equipment and betterment loan.
100
Hooiac Tunnel A Wilmington—Stock
See
text.
250,000
5 g
First mortgage $250,000 auth.gold
25
1892
244,000
1,000
OB
5 g
Hons E A* W Texas—1st M gu p & 1 by So Pac-.Un.c*
191
1893
2,199,000
1,000
5 g
1st M $3,000,000 g not guaranteed
1893
191
801,000
1,000
6
Houston A Texas C RR—State of Texas pr lien 1st 75m
See text.
75
1870
5 g
1st M 1 rr g red 110 lnt gu $4,140,000 paid Ce.c* Ar
1890
453
3,539,000
1,000
6 g
Cons Mland grant gold red at 110 lnt guar__F.c*Ar
1890
453
1,641,000
1,000
4 g
1.000
1890
General mortgage gold Interest guar end. ,Mp.c*&
453
4,275,000
6 g
Waco A N W Dlv 1st M g $25,000 p m._Ce.c*&r
58
1900
1,105,000
1,000
Austin A Northwest 1st M gold guar p A LMp.c'&r
1891
103
1,000
1,920,000
5 g
6
Ft Worth A New Orleans 1st M (Wax to Ft Worth)
1895
41
709,000
1,000
6
180.000
C Tex & N W 1st M guar So Pac (Gar to Wax)
1881
12
1,000
F
'
'
July
1
1913
Feb 28 1907 1 %
July
1
1923
..1952
A
O
ee Central of New Jersey
A
P Morgan A Co, N
J
A
J
A
J
do
do
J
O
A
A
do
do
F
A
A
do
do
N
M
A
do
'
do
A
J
do
do
J
Various
do
do
M
A
N
do
do
F
A
A New York
'
F AA 15 (New York
•
Apr 10 ’07
14 07
3 %
%
Yljan
J
A
A
A
J
O Central Trust Co, N Y
MAN
,Jan 14 1907 2 %
jOct
1 1948
Aug
1
1955
| May 1 1910
!July 1 1999
;To July 1908
Nov ’07-May’12
Aug’07-Feb’17
To Feb 15 1917
July I 1936
April 1 1990
May
1
1912
—
_
_
_
'
From this last result ($25,809,818) In 1905-06
of all companies, and guar’d dlvs. on St. Paul
stock, Ac., not owned,
paid total Interest charge
Minneapolis & Manitoba
total of $8,187,770, and dividends of $9,148,521
on the stock of the Great Northern Ry. Co. and $5,130,911 for appropria¬
tion for renewal, Improvement and equipment fund.s
In 1901-02 (10 months) received $800,000 (5%); In 1900-01, $1,920,000
(12 %) In dividends on Eastern Ry. of Minn, stock: In 1902-03, on Montana
Central stock, $250,000
(5%), and In 1903-04, 1904-05 and 1905-06,
$350,000 (7%). and on Willmar A Sioux Falls stock In 1902-03, $1903-04,
1904-05, each $280,000, and In 1905-06. $490,000.
OFFICERS.—Chairman, James J. Hill, St. Paul; President, Louis W.
Hill, St. Paul; 1st V. P., Frank H. McGulgan; 2d V. P., R. I. Farrington;
3d V.-P. and Sec., E. T. Nichols, N. Y.; 4th V. P., B. Campbell; Treas. and
Asst. Sec., E. Sawyer, St. Paul; Asst. Sec. and Asst. Treas., N. Terhune,
N. Y.
New York office, 32 Nassau Street.
Directors—J. J. Hill, Frederick Weyerhaeuser, E. Sawyer, Frank E.
Ward, R. I. Farrington, H. W. Cannon, Samuel Thorne, Louis W. Hill,
Wm. B. Dean.—(V. 83. p. 1411, 1469, 1590: V. 84, p. 51, 102, 158, 220,
339, 450, 508, 570. 626. 693, 749, 893.)
a
OREEN BAY A WESTERN RR.—Road owned from Green Bay, Wls..
to Marshland,Wls., 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 A St. Paul, sold In foreclosure May 12 1896.
Pro¬
tective committee, V. 84, p. 220.
SECURITIES.—There are no fixed charges on the property other than
taxes, nor can any be placed thereon, or the property be sold or leased with¬
out consent of 75 % of stock.
Class A debentures are entitled to 2 H % In¬
terest, If earned, then com. stock to 2 H %, then the two share ratably; but
after 5 % has been paid on both, class B bonds are entitled to all surplus
See V. 61, p. 471.
earnings.
A readjustment plan Issued In Oct. 1906
was withdrawn In Jan. 1907.
V. 84, p. 220.
DIVIDENDS.—
Class "A” debentures
Stock
’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07.
3
L’H 2H 2V^
4
4
4
5
5
5
%J
1H 2 Vi
3
4
4
4
5
5
5
REPORT for year ending Dec. 31 1906, In V. 84, p. 689, showed:
Yr.
Gross.
Net.
Taxes,Ac. Debenture A.
On stock.
Bal.,sur.
1906 .$636,121
$237,356
$21,461
(5 %)$30.000 (5 %)$125,000 $60,894
1905
586.420
210.837
18,924
(5%) 30.000 (5%) 125,000
36,913
From balances as above were paid $30,000 yearly for general Improvement
fund and In 1906 $25,000 for special (back) tax fund.
DIRECTORS.—S. S. Palmer, Pres.; Mark T. Cox, Sec. and Treas., 40
Wall St.: C. Ledyard Bla r. J. A. Jordan. W. J. Hunt.—(V. *<4, p 689.)
GREENE RR.—Owns road from Chenango Forks to Greene, N. Y., 8
miles.
Leased to Delaware Lack. A W. for term of charter for 6 % on stock.
The $200,000 7% bonds which ma¬
Capital stock, $200,000; par, $100.
tured Dec. 1 1902 are held In the D. L. A W. treasury.
GREENWICH & JOHNSONVILLE RR—Owns from Schuylerville to
Johnsonvllle, 21 miles.
Extension from Greenwich northeast to Rexleigh, 10 miles, Is under construction.
Stock, $225,000. of which the Dela¬
ware A Hudson Co. owns $175,000, acquired In 1906.
V. 84, p. 626. Bonds,
see table above.
For year ending June 30 1906, gross. $74,391; net, $27,533; Interest on bonds, $18,400; dividend (4*&), $9,000; bal., sur., $1,130.
Pres., I. C. Blandy; Auditor, J. H. McDaniels.
Office, Greenwich, N. Y.—
(V. 78, p. 342, 1781; V. 84, p. 626.)
1
GUATEMALA RY.—V. 76. p.
265; V. 78, p. 988, 1497; V. 79, p. 902.
GUAYAQUIL & QUITO RY.—(3^-ft. gauge.)—Projected from Guaya¬
quil to Quito, Ecuador, about 286 miles, with two branches.
Of this, 204
miles, from Guayaquil to Ambato, are In operation and remaining 82 miles
expected to be In 1907.
V. 81, p. 556; V. 83. p. 1170.
Stock authorized, com., $7,032,000; pref., 7% cum., $5,250,000.
The
bonds are guar. prln. and lnt. by the Government of Ecuador, secured
by a
first lien on all the Customs duties of the latter. It receiving In consideration
49 % of the com. stock.
Interest In London Is payable at Glyn, Mills, Cur¬
rie A Co.
All the bonds are purchasable for a s. f. of 1 % yearly, and In ad¬
dition $1,014,000 (of which $417 000 are now outstanding) are subject to
call at par for a special sink, fund; bonds in sink, fund Jan. 1907, $1 ,900,000.
For calendar year 1904 earnings were: Gross, £68,049; cash from Govern¬
ment of Ecuador to pay interest on bonds, £121,348; total, £189.397; oper.
Interest on bonds. £1 21,348; bal., sur., £449.
Pres.. ArcherHarman; V.-P., J’. H. Powers Farr, New York; See. and
J.
Glnriarie.
N. Y. office, 25 Broad St. — (V. 82, p. 1322;
Treas.. John
V. 83. p. 3 170.)
expenses, £67.600:
K
C. R Y
—
See Atch.
Top. & S. F.
GULF & INTER SI AIL R Y.—See page 179.
GULF 4c SHIP ISLAND RR.— (See Map.)—Owns
from
Gulfport,
on
Mississippi Sound, Gulf of Mexico, to Jackson, Miss., 160.5 miles; Columbia
division, Maxle to Mendenhall. 104.75 miles.
Branch from Saratoga to
Laurel, 41.75 miles; total, 307 miles.
Important harbor Improvements
have been constructed at Gulfport, including an extensive system of docks,
glers, (ce.: also a channel 7 miles long extending
deep completing
water. From
Mayto1906,
the
liver Creek to Columbia, 30 in., was opened
Columbia division.
STOCK. —<Capita! stock. $6,000,000 (par of shares ,$100), all outstand’g.
DIVIDENDS. — Apr 1903 to July 1905, lncl.. 1 % quar.: Jan 1006, 2 %
April, July and Oct. J%*earh; 1907, Jan., 1%; April, 1%.
BONDS.—Of the 1st 5s ($5,000,000 authorized), $2,750,000 were used to
refund the old bonds (only $16,000 of the
being now outstand¬
ing); the remainder were Issued as follows' $1 .000,000 to complete the ter¬
minals at Gulfport. $500,000 for new equlprn’t and $750,000 for 75-lb. rails
and other Improvem’ts to roadbed and structures.
A s. f. of 1% yearly,
which became operative Jan. 2 or>, may purchase bonds at not enceed'g I |o.
but the latter cannot be drawn, bonds so purchased to be kept alive In sink
log fund aa an Investment.
To July 1906, $98.ooo had been purchased
See V. 74 p. 426. and application to Hat V 74. p 1257 V. 81. p. 264.
EARNINGS.—8 mos., 11906-07
Gross, $1,612,863; net, $376,035
July 1 to Feb. 28.
J1905-06
Gross,
449,371
1,367,067; net,
REPORT.—Report for year ending June 30 1906 was given In V. 83, p.
886.905, showing (284 aver, miles); In 1905-06, gross. $2,138,778; net over
taxes, $681,667;
other income, $25,392;
plus, $401,275.
Pres., J. T. Jones, Buffalo, N. Y.—(V. 83,
charges, $305,784;
balance
p.
sur¬
377. 886,
905.)
QIJLF TERMINAL CO., MOBILE.—Owns union passenger station and
approaches at Mobile, Ala., leased by the Southern Ry. and Mobile A Ohio
RR., which own the stock and guarantee the bonds jointly and severally,
principal and Interest, by endorsement.
Franklin Trust Co., N. Y., is
mortgage trustee.
V. 84, p. 50.
HARRIMAN A NORTHEASTERN RY.—Harriman to Petros, Tenn., 22
miles.
In Jan. 1903 entire stock acquired In the Interest of the Cincinnati
New Orleans A Texas Pacific Ry., but Is operated separately.
V. 76,
p. 157.
Stock. $600,000.
Year to June 30 1906, gross, $115,339; net,
$44,951; charges, $31,253.—(V. 76, p. 212.)
HARTFORD A CONNECTICUT WESTERN RY.—Hartford, Conn., to
Rhlnecllff, N. Y., 109 miles, and branch, 14 miles.
Leased till Aug. 1940
to Central New England Ry. (now controlled by New York New Haven A
Hartford RR.), the rental paying charges and 2 % per annum on the stock,
($2,964,300 outstanding), of which $1,640,000 owned by lessee.
The stock¬
holders voted Aug. 24 1906 to increase the stock by $250,000, the new
stock being given to lessee to reimburse It for advances. Increasing amount
as above.
V. 83, p. 1290. —(V. 76. p. 1084; V. 83, p. 95, 213, 1290.)
HAWKINSVILLE & FLORIDA SOUTHERN RY.—Worth to Hawklnsvllle, Ga., 44 miles.
Stock, $100,000, of which one-half acquired In April
1904 by Georgia Southern A Florida, which guarantees bonds (see table
above), principal and Interest.
Year ending June 30 1906, gross, $65,990;
net, $14,834; total deductions, $18,764; bal., deficit, $3,930.
Pres., Bird
M. Robinson, 277 Broadway; Treas., C. H. Reynolds.—(V. 78, p. 1781;
V. 79. p.
2585.)
...
.
GULF BEAUMONT &
See text. Wilmington, Vt.1905-1906 3%
MAS Old Colony Tr Co, Boston iSept 1 1922
MAN 120 Broadway, N Y
May 1 1933
MAN
do
do
May 1 1933
Houston. Texas.
Annually
J
A
J 120 Broadway. New York I July 1 1937
A
O
do
do
A
1 1912
Oct
A
A
O
do
do
April 1 1921
do
do
M
A
N
May 1 1930
do
J
A
J
do
July 1 1941
J
A
J
Dec 31 1925
O 120 Broadway. NewYork'Oct
A
A
1 1911
HIBERNIA MINE RR.—Owns from Rockaway, N. J., to Hibernia
Mines, N. J., 4H m.
Leased to Central of N. J. In 1890 for $12,000 per an.
HOCKINO VALLEY RY.—(See Map.)—This company owns main line
from Pomeroy, O., to Walbrldge, O., 250 miles, with trackage (Penn. RR.
System) Walbrldge to Toledo, 6 miles; branches to Athens, Nelsonvllle,
etc.. 73 miles; leases Wellston A Jackson Belt, McArthur June, to Jackson,
18 m.; total. 347 m; second track, 47 m.
Under the proposed consolidation
with the Kanawha A Michigan (see below), 169 miles will be added to
the system, making a total of 516 miles operated.
HISTORY, 8cC.—Successor Feb. 25 1899 per plan V. 68, p. 231, of
Columbus Hocking Valley A Toledo Ry., foreclosed.
The coal lands, from
which the bulk of the business Is derived, aggregate about 20,975 acres,
and are covered by the consolidated mortgage.
In 1899 acquired control
of Toledo A Ohio Central Ry. (which sec) by purchase of entire Issue of
$8,421,000 Middle States Construction Co. collateral 3s, which arc secured
by deposit of the entire stock of the Toledo A Ohio Central Ry., except
$54,100 common and $11,600 preferred (See V. 69, p. 1345), but that road
Is ODeratcd
separately.
See STOCK below.
CONSOLIDATION PLAN.—The plan of consolidation with the Kana¬
wha & Michigan Ry. In
V. 83, p. 271, 323, contemplates the retirement
of the preferred stock and the creation by the consolidated company of a
new general lien 4% mortgage providing for refunding at a lower rate of
Interest outstanding equipment obligations and floating debt of both com¬
panies.
The new mortgage (authorized Issue $30,000,000) will also fur¬
nish resources for betterments and Improvements, so that the net earnings
of the consolidated company may be available for dividends.
The old bonds
will not be disturbed at present.
The general Hen 4s will be secured by mortgage on all the railroad owned
and all additional property thereafter acquired by the proceeds.
Of the
bonds, $17,000,000 are to be Issued In connection with the consolidation,
the $13,000,000 balance to be reserved to acquire additional property, In¬
cluding equipment, and for Improvements and for funding equipment and
other floating obligations assumed. A
plan for funding the floating debt of
the Kanawha & Michigan and providing for future requirements Is pro¬
posed In case the merger Is blocked by legal proceedings.
V. 84, p. 508.
Held by
To he GivenFor each $100 share—
Public .Ac.
New Bonds. X civ Stock.
Hocking Valley Ry. preferred
$15,000,000
$110
Common stock
1 1,000,000
$100
Kanawha & Michigan Ry. stock
4,490,000
60
PREFERRED STOCK.—Has preference as to assets and dividends and
is entitled to share equally with common In any dividend above 4 % In
any year.
V. 80, p. 1111.
SALE OF STOCK, ETC.—In June 1003 $6,924,200 of the outstanding
$11,000,000 common stock was sold to five railroad companies, viz.: The
Pittsburgh Cincinnati Chicago A St. Louis (two-sixths Interest) and Balti¬
more 6c Ohio, Chesapeake A Ohio, Lake Shore A Michigan Southern and
Erie (each one-slxthi, the owners receiving $103 pt r share above all exnense>
The participation certificates Issued therefor were paid at matur¬
ity, June 2a 1906, and the stock distributed among the roads.
V. 75, p.
1301; V. 77, p. 36, 1225; and form of cert. V. 77, p. 1874, V. 83, p. 37.
DIVIDENDS.—On preferred 1900 3 H %; 1901 to Jan. 1007, lncl. 4%
per annum.
On common July 1901 to Jan. 1007, lncl., 3% per annum.
BONDS.—The consols ($20,000,000 authorized) besides a lien on the
entire
property, subject only to $5,426,000 prior bonds, have a first lien oa
! all the coal lands; $5,426,000 consols are reserved to retire the existing bonds
j (these existing bonds, however, may be extended at maturity) and $5,645,j 000 for the acquisition of new property and betterments, of which $5,263,000
sold In 1899 1906.
V. 72. p. 338; V. 74. p 1038; V. 76, p. 1192; V. 78.
!
p. 989; V. 82f p. 568.
Substantially all of the bonds and stock of the
! Ohio Land A Ry. Co. and the Wellston A Jackson Belt Ry., 18 miles, are
deposited under said mortgage.
V. 68, p. 823.
Guarantees Kanawha A
RAILROADS.
on
Road.
of
Par
Amount
Rate
When
Bonds.
Value.
\Outstanding
%
Payable.
Hudson & Manhattan—Common stock (see text)
1
Preferred (also as to assets) 5 % n-c $10,000,000 conv
First mort. $100,000,000. convert after 5 vrs Sc'&r
1
$100 $40,000,000
100
5,250,000
fr. 57,000,000
or
50
G
& I gold.
_
50!
67
67
67
)..GP!
Second M old 7s extended In 1895 p
$,£
1907
67’
Huntingdon & Broad Top—Common stock
Preferred stock 7 % non-cumulative
Pi
GP.C*t
PeP
67
l
Chicago St Louis & New Orleans second mortgage..
iConsol M ($18,000,000) gold Int guar c*&r
do
guaranteed principal and Interest
lemphls Dlv 1st M gold guar p & 1 (end) — Us.c*
Omaha Division 1st M gold $5,000,000
Litchfield Division 1st M gold $4,000,000
Purchased lines 1st M $20,000,000 gold
Us.c*4r
F.c*
Us.c*&r
Underlying} St Louis Division & Terminal bonds.
Bellevue & Carondelet 1st M Belle to E C gold. _c*
Bellevue & El Dor 1st M (I C owns $100,000) __c*
In addition $5,266,000 consol 5s are pledged to s
Ill I
131
857
798
218!
}
100
100
£200
£200
1875
1875
1886
1886
1895
1903
1886
1897
1881
1888
1892
1892
1894
706
_
Western lines first mortgage gold
U».c*&r
St Louis Dlv & Term M $10,000,000 gold. Us xc*&r
do
$5,000,000 (See V 65, p 1173) g_. Us.xc*&r
Louisville Dlv & Term M $25,000,000 g._ Us.xc* &r
1,000
1899
1893
—
—
500i
1,000|
1865
■
16
J3^8 of 1903 due 1951 gold
c*&rj
Trust bonds sterling (sec by Ch St L & N O cons) _ Us
1st M Sp Dlv ref M (V 66, p 1237) gold.. Us.xc* &r
Kank & S W 1st M Otto to Norman June & br._r
Collateral trust bonds gold $
__Us.c*&r
Cairo Bridge bonds gold (see remarks)
Us.c*&r
Coll trust $25,000,000 gold on L N O & T__Us.c*&r
500
1854
1857
'
.
Iberia & Vermilion—First mortgage
Illinois Central—Stock $95,040,000
Leased line 4 % stock guaranteed (see remarks) —
First mort of) Sterling bonds old 6s extend in 1895
1874 for Sterling bonds extended In 1905
$15,000,000 4s of 1886 due 1951 gold__..c*&r
secures a 11 3^8 of 1886, due 1951 gold_.c*&r
c*&r
equally U« 3s of 1895 due 1951 gold
1,000
1 000
£200
1,000 &c
£200
1,000
1,000
500
j
i
f1897
500
500
ecure
1883
1880
1
Illinois
V. 81,
p.
211.
$2,327,544
$2,423,764
$2,898,033
$899,693
(4)600,000
$1,018,971
(4)570,200
$1,093,935
(4)560,000
Gallaway, Thomas F.
Ryan. H. R. Wilson and A. H. Gillard, New York; Ralph W. Hlckox.
Charles G. Hlckox and James H. Hoyt, Cleveland; P. W. Huntington, N.
Monsarrat, S. P. Bush. R. S. Warner and William N. Cott. Columbus, 0.—
(V. 83, p. 687, 749, 751, 766, 818, 1411; V. 84, p. 271, 339, 508.)
Alexander,
R.
M.
HOOSAC TUNNEL &
WILMINGTON RR.—NARROW GAUGE.—
Hoosac Tunnel, Mass., to Millington, Vt., 25 miles.
In 1904 purchased
by syndicate.
V. 79. p. 903.
Dividends: In 1903, 2%; year 1905-06, 3% .
Earnings for year 1905-06 gross, $77,384; net, $27,995; bond Interest,
$11,200; dividends (3%), $7,500'
(V. 79. p. 903.
Pres., John P. Kellas, Malone, N. Y.—
HOUSTON BELT LINE & TERMINAL RY.—To build a terminal line
In and around Houston, Tex., 20 miles, with large passenger terminals.
Controlled by four proprietary roads, viz., Col. Southern, New Orleans &
Pacific (St. Louis & San Francisco), Trinity & Brazos Valley (Col. South¬
ern) St. Louis Brownsville & Mexico and Gulf Colorado & Santa Fe (Atchi¬
son system).
Incorporated Aug. 31 1905 with $25,000 (nominal) stock.
The stockholders Nov. 7 1906 authorized $5,000,000 first mortgage bonds;
In April 1907 details had not yet been arranged. — (V. 83, p. 272, 751.)
,
HOUSTON & BRAZOS VALLEY RR.—Owns Anchor to Velasco, Texas,
20 miles.
To be extended from Anchor about 100 miles, with branch to
Houston, 20 miles.
Successor of Velasco Brazos & Northern, foreclosed
1906.
V. 83, p. 1038.
Controlled by B. F. Yoakum,of St. Louis &
Francisco RR., and associates.
Incorporated April 1907.
Stock,
Year ending June 30 1906, gross, $33,241; net, $1 ,294.— (V. 84,
$120,000.
Oct.
San
p.
931.
HOUSTON EAST & WEST TEXAS RY .— (See Map of Southern
Owns from Houston, Texas, to Sabine River at Logansport (on
Pacific.)
Houston
Reorganized In 1896 without foreclosure.
Shreveport RR.). 191 miles.
Stock $1,920,000, of which $1,918,200 owned by So. Pac. Co., which has
guaranteed $2,199,000 of the bonds, principal and Interest, by endorsement,
reserving the right to redeem them at 105 and Interest at any time on six
&
months’ notice.
f;eneral
4s. allThere
also JunePacific
30 1906
Lampasas extension
nterlm 5s,
ownedwere
Co. $450,000
by Southern
Stock. $10,000,000,
of which
the Southern Pacific Co. owned $9,998,300: par, $100.
V. 76, p. 1084,
1192, 1407.
In 1902-03 a dividend of 6 % was paid out of accumulated sur¬
p.
V. 76, p. 1407. As to school fund claim for $673,100,
V. 66, p. 471; V 70. p. 686.
see
V. 64,
1137;
LANDS—The lands June 30 1906 held for cancellation of first and con¬
solidated mortgage bonds consisted of 947,384 acres; land contracts out¬
standing were $2,437,032.
V. 65, p. 869.
EARNINGS —Year 1905-06, gross. $5,751,759; net, $1,908,668; other
income $5,487; charges, $906,850;
bal., surp., $1,007,305. — (V. 83, p.
1524; V. 84, p. 749.)
HUDSOI^dc MANHATTAN RR.— (See Map.)—Owns doubie-tube tunnel
from Christopher and Greenwich Sts., New York, under the Hudson River,
to 15th St.. Hoboken, N. J.; extensions are to be built under Sixth Ave.,
N. Y., to 33rd St., with a spur under 9th St. to 4th Ave: also a branch to
the Del. Lack. & West, station In Hoboken.
The portion of the system
from 14th Street and 6th Avenue, New York, to Hoboken, Is expected to be
ready about Sept. 1 1907.
Baring Brothers, London July
11 Broadway, New York ;Jan
do
do
Aug
ij & D 15
3H g J & D 15
5 g
4 g
3 g
3 g
J
,F
J
3H g J
&
&
&
&
A double tube tunnel Is also under construction
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
D
A
J
J
1
1950
1 1951
1
1921
April 1 1952
Dec
Nov
1
1
1950
1953
Aug 1
July 1
'July 1
July 1
1951
1951
Dec
June
June
Dec
1
1907
Aug
1 1951
Jan
1
July
1
1952
June 1
1923
July
1910
1951
1953
15 1951
15 1951
1 1951
1951
!
do
do
Po
do
1
SECURITIES.—Of the bonds $57,000,000 in connection with $40,000,pref. stock will be Issued on account of the
000 common and $5,250,000
proposed tunnels, stations, power house, erection of buildings at the Church
St. and 23rd St. terminals In New York, and retirement of $5,000,000 N.|Y.
and Jersey bonds redeemable at 110.
The remaining $4 3,000,000 bonds
and $4,750,000 pref. stock are reserved for future purposes.
The bonds will be convertible on any Interest day after Feb. 1 1912 at
ar Into common stock at $110 per share, with provisions to protect the
ondholders when common stock, In addition to the $40,000,000 at present
authorized and the further amount necessary to convert the bonds, Is issued.
The preferred stock Is convertible after July 1 1911 into common stock at
V. 82. p. 804; V. 83, p. 1469.
110.
OFFICERS—Pres.,W.
G.
Sec. and Treas., C. W. King.
1102; V. 83, p. 1098, 1228,
McAdoo; Vice-Pres., Fred’k B. Jennings;
Office. Ill Broadway. N. Y.—V. 82, p. 804.
1469;
V. 84, p. 51, 220.
RR. & COAL CO.—Owns from
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branches, 22 miles.
DIV’D.— ’95. ’96. ’97. ’98. ’99. '00. '01. ’02. ’03. ’04. ’05.
’06. 1907.
On common. 4/^4
0
5
1
0
0
0
0
1
0
0
On preferred. 7
5
5^7
7
6
5
6
7
6
5M 7MJ’n.3H
ANNUAL REPORT.—Report for 1905 was given In V. 82, p. 1207.
&
BROAD TOP MT.
V.
Net.
Gross.
Interest.
$841,349
$312,305
$116,190
797.467
353,153
106,190
82, p. 100, 452, 986, 1207; V.
HUNTINGDON
1906
1905
—
.
.
...
(V. 81. p. 211;
_
Dividends.
Balance.
$140,000
110,000
$56,115
136,963
84.
p,
339.)
IBERIA & VERMILION RR.—Salt Mine June, to Abbeville, La.. 16
miles.
Stock, $300,000, of which $298,500 owned by Morgan’s Louisiana &
Texas RR. <Sc SS. Co. (So. Pac.)
Year 1905-06, gross, $73,085;
net,
$21,556; other Income, $7,872; charges. $17,334; balance, surplus, $12,095
.
IDAHO NORTHERN RY.—V. 83, p. 155.
ILLINOIS CENTRAL RR —(See Map.)— ROAD.—Operates from Chi¬
cago, Ill., southerly to New Orleans, La., 912 miles, and westerly to Sioux
City, la., 509 miles, with numerous branches, viz. (• which see.)
Leased—Control owned.
Miles.
Road owned In fee.
Miles. |
Evansv. Line (Ohio Val. RR)..
139
1
Chicago to Cairo, Ill
Centralla, Ill., to East/Main
706 Mem., Tenn., to Grenada, Miss. 100
Yazoo
&
Mississippi Val. RR.,
Dubuque, la
Jstem.
Dubuaue & Sioux City*
1,239
730
Memphis to N. O. and brs
St. Louis Alton & Terre Haute.
239
Springfield to East St. Louis,
Entire stock owned.
Ill. (V. 71, p. 547)
98
Swltz City to Effingham
88
Peoria, Ill., to EvanBvllle, Ind.,
Branches
773
with 6 m. branch (V. 73,
Leased.
p. 391, 665)
251
To be acquired—
Chicago & Texas (Sept. ’97)
80
Tennessee Central (see below)
85 Trackage Oliver Br. to Thebes.
9
Leased.—Control owned.
Total system June 30 1906.-5,698
Chicago St. L. & N. O. RR.
_.
Cairo, Ill., to New Orleans..
Line to Louisville, &c
1
(C.O. & S.W. and branches) j
V. 71, p. 236.
Year 1905-06.
charges, $201,488; balance, surplus,
HOUSTON & TEXAS CENTRAL RAILROAD.— (See Map of Southern
Pacific.)—Owns from Houston, Texas, to Denison, Texas, 338 miles; Hemp¬
stead, Texas, to Llano, Texas, via Austin, 215 miles; Bremond to Ross
Texas, 54 m.; Garrett to Ft. Worth. 53 m.; other, 34 m.; total. 694 m.
Cut off. Mexla to Navasota. 100 miles, was completed late In 1906.
•HISTORY.—Successor April 1 1 1893 to a railway company foreclosed
Sept. 8 1888.
Reorganization plan, V. 45, p. 792, 820. On Aug. 22 1901
merged Austin & Northwest, etc.
Litigation, V. 74, p. 680; V. 81, p. 777.
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 of State of Texas upon 75 miles of the road.
The Southern
Pacific Co. guarantees Interest on all bonds.
The first mortgage bonds and
the consolidated mortgage bonds may be called for redemption at 110 with
See full abstracts of all the mortgages In V. 52, p.
proceeds of land sales.
242.
Of the $5,068,000 consolidated 6s authorized $1,149,000 (not In¬
cluded In the amount outstanding above) are held as part security for the
plus.
F
M
J
A
J
J
J
M
3 g
3H g A
J
3H g
3H g J
F
5
4 g
A
4 g
J
4 g
4 g
3H g J
3 g
;J
g j
a connection with the Erie and Pennsylvania RR. stations In Jersey
City under the Hudson River to Cortlandt, Dey and Church streets, New
York.
A connecting line between the tunnels In New Jersey Is to be built.
Cars will run over Pennsylvania right of way to Newark; also has agreement
with Public Service Corp. for transfer of passengers, &c.
V. 82, p. 986.
Electric power is to be used, with trams of the New York subway type.
A consolidation In 1906 with the New York & New Jersey RR. and Hoboken
& Manhattan RR. per plan, V. 82, p. 804.
Incorporated under the laws
of New York and New Jersey.
Guaranty. V. 70, p. 841;
$1,322,418; net. $507,402;
$305.914.—(V. 78. p. 2384.)
gross,
F
A
Feb 1 1957
A New York
J Phil OfT, 4th & Walnut St Jan 28, 04. l %
Jan
25 1907 ZVi
Ji
do
do
O
do
do
Sept 30 1920
Feb
A
do
1 1925
do
O*
do
iMar 31 1925
do
D Penn Co for In. &c, Phil To Dec 1 1911
A So Pac Co, 120 B’y. N Y Aug 1943
Mar 1 ’07 3H %
S 11 B’way, N Y, & Lond
Jan 1907 2%
J
do
do
O London
! April 1 1951
Dec
1 1950
D!
1 1951
11 Broadway, New York Jan
do
do
:Jan
1 1951 .
Mar
1 1951
London
New York & London
April 1 1951
from
(3)321,324
Balance, year’s surp..
$497,851
$753,678
$504,593
$922,774
OFFICERS.—Pres., N. Monsarrat, Columbus; Sec. and Treas., W. N.
Cott. Columbus; Asst. Sec. and Treas., A. H. Gillard, New York.
B.
4 g
&
&
&
&
fc
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
Stocks—Last
Dividend.
Payable, and by
Whom.
&
D
e g
470,000
1,000
;j
&
J
7
J
71,000!
1.000
Central collateral tr ust bond s of 1886
8 mos.
Gross.
ATel.
Other Inc.
Charges.
Balance.
1906-07
$4,524,772
$1,403,827
$239,169
$1,135,794
$507,202
1905-06
199,398
4,493,083
1,689,573
525,931
1,363,040
ANNUAL REPORT.—Traffic Is mostly freight, and over 62% of this Is
bituminous coal.
Average train-load Is large—In 1906, 608 tons.
June 30 1906 In V. 83, p. 749,766.
Report for year ending
c
1904-05.
1903-04.
1905-06.
1902-03.
Gross earnings
$6,439,809
$5,725,483
$6,049,698
$6,013,214
Net earnings after taxes. $2,258,035
$1,945,313
$1,872,863 $2,211,172
Other income
309,123
382,231
550,901
686,861
(3)330,000
£500,000
3,000,000
5,266,000
2,000,000
968,000
15,000,000
3,000,000
25,000,000
5,425,000
8,377,000
4,998,275
22,729.000
14.662,000j
j
17
51
367.500
5 g
1,497,000
4
147,000
5
322,000
95,040,000 7 In 1906
4
10,000,000
4 g
2,500,000
3M g
1,000,000
4 g
1,500,000
3H g
2.499,000
1,000 al 1,289,0001
1,359,000!
1,000
3,500,000
1,000
5,000,000
1,000 &c
3,235,0001
1,000
1,000
1881
1897
1889
1900
1900
1904
LATEST EARNINGS.— For 8 months ending Feb. 28;
DIRECTORS.—Charles
&c
F
o
1,371,750 See text. J
2,000,000:7±4 In 06 J
A
4 g
416,000
Where
I
,
V. 84. p. 339.
Col. & Tol. first 7s were extended 50 years at 4% in 1905.
(3)330,000
&c
1,000
1897
567
567
100
130,
98 i
734
&c
1,000
!
,1897
553!
&c
1,000
500
Hocking Coal & Coke Co. bonds. V. 74, p. 271; V. 77. p. 2393; V. 81,
.507; V. 81, p.781; also Continental Coal Co. bonds.
V. 75, p. 497, 987
ee also Sunday Creek Co. (which operates properties) under "Industrials.’
In Feb. 1907 $1,418,000 4% equipment notes (series A and B) were sold.
Total available Income $2,567,158
Fixed charges. &c
$883,480
Dividends on preferred. (4)600,000
Dividends on common.. (3)330,000
pal, When Due.
Size, or
Date
j' of
column headings, Ac., see notes
first pace of tables.
For explanation of
Bonds—Princi¬
INTEREST OR DIVIDENDS.
I
Miles
a
[VOL. LXXXIY,
RAILWAY STOCKS AND BONDS,
68
547
Of which earns, kept separate—
Yazoo & Miss. Vail. RR.
614
Total
Included
July 1
1906
In
1,239
earnings
4,459
HISTORY, LEASES, &c.—Chartered In Dec. 1850.
The company pays
to the State of Illinois 7 % (In 1906 $1,147,625) of gross of the 706 m. owned
In fee yearly In lieu of taxes.
The Chicago St. L. & If. O. Is leased for 400
years from July 1 1882 at 4 % per annum on Its $10,000,000 stock deposited
to secure the leased line stock.
Tax suit, V. 84, p. 931.
In Sept. 1904 the Indianapolis Southern Ry. was purchased.
V. 78, p.
2442; V. 79, p. 733, 968; V. 83, p. 1590.
In July 1905 an option for 3
Sears
fashvllle
for purchase
Terminal of
majority
stocktheandSouthern
bonds ofRy.,
the Tenn.
Central and
Co.,
jointlyofwith
was obtained,
the
Ill. Cent, on Dec. 1 1905 taking over the operation of the portion from Nash¬
ville to Hopkinsville, Ky., 85 m.
V. 81, p. 1723.
Branch from Silver City
Valley Park, Miss., 45 m„ was completed Sept. 1906.
in Aug. 1906
extension from Philipp, Miss., to Sardis, 30 m., was under construction.
in Nov. 1905 an extension from Jackson, Tenn., to Birmingham, Ala.. 219
to
miles, was proposed, of which Corinth, Miss., to Haleyvllle, Ala., 80 miles,
additional miles. Is under construction: balance to be trackage. V. 83.
p. 896.
Also under construction Oct. 1906 Woodstock to East Junction,
Tenn., 16 miles, and Bloomington to Bedford, 27 miles.
V. 83, p. 897.
CAPITAL STOCK.—The leased line stock Is secured by deposit of $10,000,000 Chicago St. Louis & New Orleans stock.
(V. 65, p. 1071.)
and 3
Early In 1901 the stock was Increased from $60,000,000 to $66,000,000.
1901 to $79,200,000, and In Aug. 1902 was further 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.
The Union Pacific In 1906 acquired $28,123,100 of the stock.
p. 77
498.
V. 84, p. 51 , 102, 570.
DIVID’S. 1”87. ’88. *89. ’90. ’91-’90. ’00. ’01-Sep.’04. ’05. ’06.
’07.
Com. stock/ 7
7
5
6 5 yTly. 5H
6 yearly.
7
72Mar.,3K
BONDS.—Main line $15,000,000 mtge. of 1874 covers property described
In V. 63, p. 76.
Cairo bridge bonds are secured by deposit of a like amount
of Chicago St. Louis & New Orleans 1st M. Cairo Bridge 5s.
The rental for
the bridge Is $180,000 in gold annually, of which $20,000 goes to a sinking
adv.
"Chronicle’’
fund.
See
In
May 7 1892.
In Nov.
explanation of column headings, &c., see notes
on first page of tables.
Miles
of
Size,
Date
Par
Value.
of
Road. Bonds.
pal. When Due
or
Amount
Rate
When
Outstanding
%
Payable.
18^6
30
$1,000
$538,000
Illinois Central RR.— (Concl.)—StLSo 1st M g Me.c* 1
17
1887
1,000
241,000
Carbondale A Shawneetown 1st M gold
c*
Iowa Falls A Sioux City—See statement of Dubuque: A SIo ux Clt y.
125
1904
2.820,000
1,000
Illinois Iowa A Minn—1st M $5,000,000 gold red_IC
1903
132
4,400,000
1,000
Illinois Southern—1st M gold $5,000,000
EC.c*:
1.000
450,000
Illinois Terminal—1st M $500,000 gold red par
IC Text. 1905
Illinois Tunnel Co—See Chicago Subway Co.
uthern
Indiana Illinois A Iowa—See Cbicago Indiana & So
Indiana Decatur A Western—See Cln Ind A Western
A Lou Isvllle
Indianapolis A Louisville—See Chicago Indianapolis
1903
1,000 In I C treas.
Indianapolis South—1st M red 110 text g. Usm.c* &r
1886
1,000
93
940,000
Indianapolis Un—1st M gold 8 f not callable
FP.c*
1904
5,000
330,000
Gold notes part due yearly guaranteed text
Indianapolis & Vincennes—See Vandalia RR.
100
92,928.886
Interbor—Metropol Co—Com stock $100,000,000 auth
100 45,380.300
Pref stock 5 % cm(also pref as to assets) $55,000,000_
1906
1,000 &c 67.825,000
Coll tr bonds g sec by Int R Tr stock
c*<5cr
100 35,000,000
Text.
Interborough Rapid Transit—Stock $35,000,000
15 000,000
1905
Notes $15,000,000 authorized gold redeem at par...
1907
1,000 10,000,000
Notes $10,000,000 gold red at 101 begin 1009
Mo,
500
Ac
1879
11,291,000
International A Great Northern—First mortgage gold 1,109
500 Ac
10,391,000
Second mortgage gold.
__F.c* 1,109 1881
500 &c
2,966,052
3d M ($3,000,000). formerly Inc, Incl scrip, g.Me.c'
1,109 1892
1880
198,000
1,000
Colorado Bridge bonds sinking fund.
F
£10 £1,700,000
Interoceanic Ry of Mexico—Ord shares £1,700,0C
£10
£1,000,000
Preferred shares 7 % cumulative £1,000,000
£50 Ac
£400,000
Prior Hen deb subj to call at par after Mar 1 1897. _ i
£699,886
4% debenture stock subJ to call at par £1,150,000
£100
£469,459
Debenture stock 7 % "B
subj to call 120 non-cum
£100 £1,150,000
Second debenture stock red at 105 after 1911 text
£100
£400,000
Mex E deb stock £450,000 guar red at 105 beg 1914
100
8,524,683
Iowa Central—Common stock $11,000,000 authorized
100
5,814,771
Preferred stock $7,400,000 5 % non-cumulatlve
1888
503
1,000
7,650,295
1st M for $7j£50,000 g (abstract V 49, p 582)__Me.C*
541
1901
1,000
5,340,000
Refunding M $25,000,000 gold (see text)_Mo.c*&r
1.000
21
1894
500,000
Jacksonville Term—1st M gold guar $500,000_Mp.c*
37
1901
1,000
600,000
Jamestown Chaut A L E—1st M $750,000
N.c*
1,000
8
1867
300,000
Jefferson—1st A 2d Ms ext In ’87 A ’89 (H’dale Br)_.c:
1,000
37
1889
2,800,000
1st M Carbondale to S depot gold guar p A 1—FP.c*
RR.
(Concluded) —
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago St.
A N. O. consols of *81, and are to be Included In any new mtge.
The collateral trust bonds of 1952 are secured by pledge with the U.
Trust Co. of New York of $16,350 oc° 5% 1st mortgage gold bonds
L*
S.
of
See list, V. 55, p. 550.
subsidiary railroads covering 854 miles.
The $25,000,000 collateral trust bonds of 1953 are secured by pledge of all
the Loulsv. N. O. A Texas (now Yazoo & Mississippi Valley RR.), $16,000,000 1st mtge. bonds, except $68,000, all the $9,104,000 mtge. incomes
and all but $96,000 of the $10,000,0u0 land grant Incomes.
See adv. In
“Chronicle” June 11 1892. and V. 54, p. 964; V. 61, p. 112.
The Chicago St. Louis & New Orleans have their Interest guaranteed (by
endorsement) until the principal Is paid.
The 3Ha of 1897 are guar., prin¬
cipal and interest, 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 City, 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 without
encumbrance.
See “Supplement” of Jan. 1899.
The St. Louis Division & Terminal bonds are for $15,000,000 authorized,
of which $5,000,000 are three per cents: $3,500,000 were Issuable for Im¬
provements. equipment, &c., and $1,499,000 are held to retire $1,400,000
underlying bonds still outstanding on the St. Louis Alton A T. H. system;
see table above.
See abstract of mortgage In V. 66, p. 138.
See also V.
66. p. 133; V. 71. p. 546.
Louisville Division & Terminal mtge. Is for $25,000,000; of the bonds
$1,112,000 are reserved to purchase the 46 m. (Cecilia br.) from Louisville
A Nashville and to retire the L. A N. bonds thereon; $2,500,000 for new
additions or extensions.
Chicago St. Louis A New Orleans took tltje to the
Loulsv. Dlv. and joined In making mtge. See V. 66, p. 136, for abstract; also
“Supp." of Jan.'99. V.65, p. 367,516; V.66, p.133; V.67, p.581; V.75, p.671.
Of the $4,000,000 Litchfield Division bonds, $852,000 are reserved for
Improvements, Ac.
V. 71, p. 547, 646; V. 79. p. 2455.
The purchased lines 3Hs of 1904 ($20,000,000 authorized) cover various
minor lines acquired.
Of the bonds, $14,662,000 have been Issued on 734
m. of subsidiary branch lines purchased, and the remaining $5,338,000 Is
reserved to retire at maturity $968,000 bonds of the Kankakee A South¬
western due 1921 (see bond table above) and $4,370,000 bonds of the Chic.
Mad. A North
(231 m.). which are pledged for the collateral trust 4s of
1 9f 2.
(See V. 71 p. 288; V. 79. p. 1273, 1642, 2588; V. 81. p. 1105.)
.
.
New President.—In Nov. 1906 the
President In place of Stuyvesant Fish.
p.
Harrlman Interests elected
V. 83, p. 1170, 1037. 970;
a
new
V. 84.
net. $10,619,961.
10,527.676.
REPORT.—Annual meeting Is held the third Wednesday In October.
Report for 1905-06 was In V. 83, p. 885, 896; editorial, p. 858.
Report
for 19 years ending May 1906, see V. 82. p. 1240, 1268.The following does not Include Yazoo A Mississippi Valley:
1906.
June 30—
Miles operated June 30
Passenger earnings
Year ending
Freight earnings
1904.
4,374
$9,554,743
31,692,575
5,583,838
$51,636,405 $49,508,649 $46,831,116
36.437.470
35.111,706
34,735,682
Total earnings
expenses
Operating
$15,198,935 $14,396,943 $12,095,454
2,759,020
3,255,398
2,675,496
2,488
41,053
1,591
Ac...
Total receipts
Deductions—
Interest on Illinois Central bonds
Int. on Chic. St. L. A N. O. bonds
Rental Dubuque & Sioux City RR.
Net rental St. L. A .A T. H
Miscellaneous
Dividends on Illinois Centra! stock
Balance, surplus
1905.
4,374
4,459
$10,004,041 $10,729,825
32,607,922
34.637,124
6,995,240
6,170,902
Mall, express and miscellaneous.
Net earnings
Net receipts from Interest.
Miscellaneous
net.
$18,455.924 $17,158,451 $14,812,003
.
$3,467,340
2.431,587
$3,431,035
1,187,400
571,243
$2,961 .615
2,415,060
2,415,079
cr. 87,136
507,435
520,209
98,336
136,306
(7)6,652,800 (7)6,652,800 (6)5,702,400
507,465
..
$4,209,539
$3,482,542
$3,163,530
YAZOO A MISSISSIPPI VALLEY.—Results on 1,211 miles In
1.204 miles In 1904-05.
See report at length, V. 83, p. 683, 697.
1903, $569,574 paid for hark taxes.
V. 77, p. 713.
Year—
Cross.
Net.
Other 1nc. Interest,Ac.
1905-06
$1,312,268
$1,890
$1,284,541
$8,671,250
1904-05
2,847
8.670,246
1,917,983
1,265,186
1905-06,
In Jan.
Bui.,sur.
$29,617
655,644
Balance's In 1905 and 1906 were transferred to Insurance fund.
No pay¬
made!nl904 to 1906 to Ill. Cent, as owner of entire $9,104,000
Loulsv. New Or). A Texas 2d M. Inc. bonds on acct. of arrears of Int. ($6.567,843! on July 1 1906; $277,712 paid from earn, of 1902-03.
V. 81, p. 990.
ments were
OFFICERS. — Pres., James T. Harahan; 3d V.-P. and See., A. G. HackGen. Mgr., Frank B. Harrlman.
General
staff; Treas., E. T. H. Gibson;
office, Chicago, Ill.
Directors.—Walther Luttgen, John W. Auchlncloss, J. T. Harahan,
Charles M. Beach, Cornelius Vanderbilt. Stuyvesant Fish,'Edward H. Harrl¬
man. John Jacob Astor, Charles A. Peabody, R. W. Goelet, James De W.
Cutting, and. ex officio, lion. Charles S. Deneen. Governor of Illinois.—
(V. 83, p. 1170, 1128. 1590; V. 84, p. 51. 102, 220, 570, 931.)
ILLINOIS IOWA A MINNESOTA R Y.— (See Map.)~Operates Rock¬
ford, Ill., to Momence, 125 m., of which Aurora to Joliet, 24 m., Is Elgin
Joliet A Eastern trackage.
Owns entire stock and bonds of Rockford Belt
Ry.
V. 81, p. 1175.
The Milwaukee Rockford A Eastern Ry., a subsidiary, has a projected
line from Rockford, Ill., to Milwaukee, Wls., via Beloit and Janesville,
4 g
4 g
M
M
5 g
4 g
5 g
M
J
J
A
A
A
Mar
S New York or Chicago
Dec
D New York
J Illinois Tr &Sav Bk.Chlc Jan
J
4H g M
A
A
A
J New York
N Fidelity Trust, Phlla
S Treasurer, Indianapolis
S 11
S
A
A
Sept 1 1931
Broadway, N Y
do
Mar
do
1
1932
1
1
2
1944
1953
1925
'
5 g
4 g
M
See text.
Q
4y> g A
See text.
C
M
4 g
5 g
M
6 g
M
M
5 g
M
4 g
M
7
—
July 1 1953
May 1 1926
Sept 1907-1910
Apr! ’0Y1 ~H
J
O i Windsor Trust Co, N Y
Belmont & Co, New York
J
A
N
do
do
do
do
A
S
N Office, 195 B’way, N Y
A
do
do
A
S
A
S See remarks
N Office, 195 B’way, N Y
A
&
Apr 1 ’07 214 %
May 1 1908
1
1
1910
1919
Sept 1
Sept 1
May 1
1909
1921
1920
Mch
NOV
Dec 1906 2%
Mar 31 1912
See text. See text. London
A
J
J
5
M A S 15 London
4
7 fr 5-6
5
Sept 15 1950
Sept 15 1950
4)4 for 1905-1906
4H
%
April 1 1956
—
J & D 15 London
1950
Jan
1
1984
...
1
In ’00
g
g
g
g
5
4
5
4
4H A 6
5 g
M
J
M
J
J
J
A
A
A
A
A
A
A
A
S
D
S
J
J
J
O
Office, 25 Broad St, N Y Mar 1 ’00 1 H 94
Mercantile Trust Co, N Y June 1 1938
1
1951
Guaranty Trust Co, N Y July 1
Mar
1939
do
do
Secur A Trust Co, N Y
Jan
(Fidelity Trust Co, Phlla July
Jan
Erie RR. New York
1
1951
1
1927
1
1909
The Illinois Indiana & Gary Ry./another subsidiary, has a
100 miles.
projected line from a connection with the I. I. A M. near Peotone, Ill., to
Gary, Ind., 37 miles, both lines being under survey and expected to be
The stockholders were to vote
completed In 1908.
(V. 82, p. 1212.)
April 25 on purchasing the Illinois Indiana & Gary Ry. and on consolidating
and merging with the Milwaukee Rockford A Eastern Ry. under the name
of the Milwaukee Rockford A Gary Ry.
V. 84, p. 508.
Incorporated In Illinois In Nov. 1902. Stock, $5,000,000 all out¬
standing; par of shares, $100.
BONDS are subject to call at 107 and Int. on 6 months’ notice.
Of the
$5,000,000 bonds authorized. $4,000,000 Is Issuable at not exceeding $30,000
per mile of main track when completed In 10-mile sections.
The remaining
$1,000.000 Is Issuable (a) on vote of not less than two-thirds of the stock for
acquisitions of completed connecting lines, the bonds to be a first lien thereon
at not exceeding $30,000 per mile or (b) at not exceeding $200,000 yearly for
additional lands, buildings, side tracks, second tracks, terminals, Improve¬
ments and rolling stock, but only when the portion of the road for which
they are acquired Is In operation.
V. 78, p. 2599; V. 79, p. 103.
Pres.
H. W. Seaman, ‘‘The Rookery,” Chicago, Ill.—(V. 84, p. 508.)
ILLINOIS SOUTHERN RY.—Owns Salem to Bismarck (Including River
Transfer, 1 mile). 122.86 m.; Chester branch, Missouri Jet. to Chester, 10.70
m.; Rosborough branch, Sparta to Rosborough, 5 m.; total owned, 138.56
m.; leases Ill. Cent, trackage. Branch Jet. to I. C. Jet., 2.75 m.; total. 141.31
m.
Successor June 1 1900 of the Centralla & Chester RR., foreclosed.
V. 70, p. 1048: V. 71, p. 29.
Stock, com., $4 000,000; 6% cum. pref.,
$1,000,000; par, $100, all Issued.
Of the bonds, $600,000 was reserved
for Improvements and equipment In 1906-08 at not over $200,000 yearly.
V. 79, p. 500.
Equip, notes, lncl. Int., Jan. 1 1906, $131,614.
For 12
mbs. end. June 30, gross. $336,556 in 1905-06, against $278,929 In 1904-05,
REPORT.—For year ending June 30 1905 In V. 82, p. 158.
In 1905-06,
$331,034; net, $111,312; total deductions, $210,180; bal., def.,
$98,868.
Pres., J. W. Walsh; Sec. and Treas., C. F. Welnland; Aud.,
A. F. Williams.
Office, Grand Central Station, Chicago, Ill.—(V. 82, p.
158.)
gross,
ILLINOIS TERMINAL RR.—Owns terminals at Alton, Ill., and road,
Alton to Hartford, Ill., 6 miles; Hartford to Edwardsvllle Jet., 7.1 m.;
leases from Wabash RR., Edwardsvllle Jet. to Edwardsvllle, 1.6 m. Stock,
$500,000; par of shares, $100.
Of the bonds, $150,000 are reserved for
future purposes.
V. 79, p. 2205.
Year ending June 30 1906, gross, $107,361; net, $29,483; Interest, rentals and depreciation, $34,076; bal., def.
$4,593.
Pres.. Geo. M. Levis.—(V. 79, p. 2205.)
INDIANA ILLINOIS A IOWA RR.—See Chic. Ind.
51.
EARNINGS.—-8 mos.,11906-07. .Gross, $37,047,718;
July 1 to Feb. 28.
11905-06..Gross, 34,202,570;
Stocks—Last
Dividend.
Where Payable, and by
Whom.
.
_
ILLINOIS CENTRAL
Bonds—Prinoi-
INTEREST OR DIVIDENDS.
RAILROADS.
For
[Vol. i.xxxiv
RAILWAY STOCKS AND BONDS
70
A Southern RR.
INDIANAPOLIS SOUTHERN RY.—See Sec. Apr. 1906;
V. 84,
p.
693,
INDIANAPOLIS UNION RY.—Owns 3 miles of track, .93 of a mile of
road, with terminals at Indianapolis, Ind., and leases for 999 years the Belt
RR. of Indianapolis—\2.}4 miles (which see).
Formed in 1850 and furnishes terminal facilities to the several railroads
entering Indianapolis.
CAPITAL.—The Cleveland Cincinnati Chicago A
St. Louis, the Pittsburgh Cincinnati Chicago A St. Louis and the Vandalia
RR. are virtual proprietors, they having invested In It $867,917 to June 30
1906.
No stock outstanding.
The $330,000 4 % notes of 1904, guar. prln. and int. by Pitts. Cln. Chic. A
St. L. and Cleve. Cln. Chic. A St.L., mature Sept. 1 yearly as follows, $85,000. In 1907 and 1908 and $80,000 In 1909 and 1910; Commercial Trust Co.
of Philadelphia, trustee.
V. 80, p. 871.
EARNINGS.—1905-06, gross, $944,055; net, $168,510; other Income,
$4,714; total deductions, $91,768; bal., sur., $81,466.—(V. 83, p. 213.)
INTERBOROUGH-METROPOLITAN CO.—ORGANIZATION.—Incor¬
porated on Jan. 24 1906 as an amalgamation (per plan V. 82. p. 217, 280) of
the Interborough Rapid Transit Co. and Metropolitan Street Ry.
In Oct.
1906 $33,902,800 of the $35,000,000 stock of the Interb. Rapid Transit Co.
$42,380,300 of the $52,000,000 Metropolitan St. Ry. stock and $29,257,700
of the $30,000,000 stock of the Metropolitan Securities Co., Its holding
V. 82. p. 692.
See Interborough Rapid
company, had been acquired.
Transit Co. below and Metropolitan St. Ry. In ‘‘Street Railway" Section.
STOCK.—All the stock Is to be Issued except the amounts reserved per
plan for exchange of stocks not deposited.
The preferred stock has no voting power except in default of payment of
dividends thereon or unless the directors so request.
V. 82, p. 217, 280.
DIVIDENDS.—Dlv. on pref., 1 14% quar., paid July 2 1906 to Apr. 1907
Inclusive.
VOTING TRUST.—All the common stock Is deposited under a voting
agreement to Mch. 6 1911, subject to termination In the discre¬
tion of the voting trustees, viz., August Belmont, Walter G. Oakman,
Thomas F. Ryan, Cornelius Vanderbllt.and Peter A. B. Wldencr.
trust
BONDS.—The collateral trust bonds (Windsor Trust Co.. New York,
trustee) are to be secured by pledge of all the stock of the Interborough
Rapid Transit Co. or voting trust certificates therefor as acquired at the rate
of $1,000 in bonds for $500 interborough Rapid Transit stock, V. 82, p. 280.
In July 1906 made a $500,000 five-year 5% mortgage covering property in
2 I 8th St.
V. 83, p. 95.
N.
EARNINGS.—The combined operations of the
Y. City Ry. systems for 9 months ending Dec.
Gross.
Net.
income.
Interest,
rentals, Ac.
Balance.
$32,653,991
30,408,712
$16,718,147
14,709,106
$833,436
,892.663
$15,547,204
15,180,654
$2,034,419
421.205
Other
9 mos.—
1906
1905
...
Int. Rap. Transit and
31 were:
-
Railway
stock.
From the balance as above were deducted dlv. on Int..-Rapid Transit Co.
stock. $2,368,500 (6*4 %) in 1906, against $2,100,000 (6%) In 1905, leaving
Balance sheet
bal., def.. $328,081 in 1906, against def. $1 .678,795 In 1905.
Sept. 30 1906, V. 83, i>. 1409.
Pres., T. P. Shouts; Vice Pres., J. B.
McDonald.
(V. 84, p. 220, 271, 390, 450, 570, 868.)
x Includes 7% per annum on unexchanged Metropolitan Street
stock and 5% per annum on Interborough-.Vfetropolltan preferred
,
INTERBOROUGH RAPID TRANSIT CO.—(See Map.)— Incorporated
May 6 1902 In New York, to operate the municipal tunnel railroad In N. Y.
City, extending, with two tracks, from Battery to City Hall, and as a fourtrack line from the City Hall (with two-track loop at that point) under new
Elm St., Fourth and Park avenues, to 42d St.. thence under 42d St. and
Broadway to 103d St.; also as two-track lines, partly viaduct, (a) from 103d
St. Aon the West Side, to Kingsbrldge Station, (b) from 103d St. to the East
Side and Bronx Park.
Extension (two-track) under the East River via
Fulton and Flatbush avenues to Atlantic Av., Brooklyn, there connecting
with the Long Island RR., Is to be completed by .July 1907.
Total about
62lmlles of track
on
23 miles of road (of which 19 % subway and 3 ii ele¬
V. 77. p. 827; V. 80. p. 222, 1912; V. 84. p. 570.
•On Oct. 27 1904 the West Side main line from 145th Street to City Hall,
EARNINGS.—8
mos.,J 1906-07
Gross, $2,137,942; net, $660,038.
July 1 to Feb. 28.
\1905-06
Gross,
1,982,115; net,
501,860.
ANNUAL REPORT.—Report for 1905-06 was In V. 83, p. 965.
Soft
coal tonnage in year 1905-06 was 856,510 (37% of total tonnage).
Year ending June 30—
1906.
1905.
1904.
1903.
Miles oper. June 30
558
558
558
558
Gross earnings
$2,958,587
$2,588,300
$2,377,105 $2,405,543
Net earningsTover taxes)
774,849
425,135
460,218
438,553
Tot.net rec’tsdncl.rents)
661,438
992,536
560,607
555,968
755,094
738,511
641,739
Interest, rentals. Ac
554,324
...
vated).
9 m., was opened, and on Nov. 23 the East Side line from 145th St. south;
and In July 1905 began operating to the Battery and on the East Side to
West Farms.
The extension to Kingsbrldge (221st Street) was opened
March 12 1906.
V. 82, p. 627. 1268.
Leases Manhattan (Elevated) Ry. for 999 years from Apr. 1 1903.
See
that co.
Has agreement with N. Y. City Interborough St. Ry., controlled
by allied Interests, which proposes to build various surface roads In Bronx
Borough, of which 5 m. operated.
V. 80, p. 117, 1175, 1479; V. 82, p.
In March 1906 $1,780,000 of the $2,000,000 Subway Realty
868, 1268.
stock was acquired.
V. 82, p. 218, 513.
Owns stock of N. Y. & Queens County Ry.,
74 miles, and (jointly with
Long Island RR.) the N.Y. A L. I. Traction Co., 56 miles.
V. 80, p. 2621;
•
V. 83. p. 818.
Also owns N. Y. A Long Island
Manhattan to Long Island City Is expected to be
RR.. whose tunnel from
completed In Aug. 1907.
1492; V'. 82. p. 751; V. 83. p. 1229; V. 84. p. 694); Pelham Park
Ry. and City Island HR.
See list of security holdings, V. 83, p. 155.
CONTROL.— In Sept. 1906 $33,902,800 of the $35,000,000 stock had
been exchanged for 200 % In 4
% collateral trust bonds of the Interborough
Metropolitan Co. (which see above), secured by the stock exchanged.
CONTRACTS.—Contract with city calls for the construction of the road
(V. 81, p.
•
from City Hall north for $35,000,000 and Its lease to the company
years from completion, renewable for another 25 years, the rental
for 50
to be
equal to the Interest on the city’s bonds Issued for construction (but not for
easements, &c.) and a sinking fund of 1% yearly to retire the bonds.
See
provision V. 82, p. 1157. The company also at Its own expense provided
the electrical equipment (costing about $25,000,000; see V. 82, p. 452).
For contract see V. 69, p. 1063.
The extension from City Hall, Manhat¬
tan, to Brooklyn, Is being built without aid from the city except about
$3,000,000 and leased for 35 years with privilege of renewal for 25 years.
V. 75, p. 184. 1086, 1202.
See V. 76, p. 101, 1234.
In Jan. 1907 $46,816,000 city bonds had been Issued, of which $44,816,000
are 3t£s. $1,500,000 3s and $300,000 4s.
STOCK.—E. Mora Davison, B. Hamburger and Charles B. Ludlow are
the voting trustees till May 15 1907.
>
DIVIDEND.—July 1904, 2%; Jan. 1905, 3; Apr., 1 X: July. 2; Oct., 2;
1906,Jan.,2; Apr., 2; July, 2 Hi Oct., 2 M; -1907, Jan., 2 M: Apr..2*£.
NOTES.—The 4 % notes of 1905 (Windsor Trust Co. of New York, trus¬
tee) will be equally secured In the event of the company executing a mort¬
•
gage covering the Ieashold Interest In the Manhattan Ry. or the Transit
Subwav Construction Co. or N. Y. A Queens Co. Ry. stock.
V. 80, p. 1912.
The $10,000,000 3-year 5% notes of 1907, the proceeds of which will be used
In part for the extension to Brooklyn and to finance the purchase of Long
Island traction properties, will be equally secured with bonds issued under
a mortgage In the event aforesaid or the mortgaging of New York & Long
Island Traction or Long Island Electric Co. stock.
V. 84, p. 450, 390.
EARNINGS.— For the 6 months ending Dec. 31:
Gross
Other
Charges A
Net
ending Dec. 31—
Earnings. Earnings. Income.
Rental.
1905, Man. Ry
$6,097,761 $3,390,539 $186,017 $2,598,694
1906, Man. Ry_--. 0,727.104
4.007,830
188.280 2,507,941
1906,Subway
3,580,148
1.801,937
154.449
1,146,174
1903, Subway
2.988.937
1.591.359
199,616
759,737
6 months
---
For year ending June 30 1906, Including the
the Subway was operated 8 mos. and 5 days
Division onlv was operated.
1905-06.
Surplus.
$1,007,862
1.689,169
810,232
1,031,238
..
Other Income....
8,400,823
7,397,384
$14,187,685
5,846,051
..-$11,294,771
715,503
$9,439,986
491,040
$8,341 ,634
341,504
$12,010,274
$3,586,823
1,390,560
$9,931,026
$2,443,371
1,203,734
3,864,000
$8,683,138
$1,822,180
1,071,232
3,864,000
$2,419,921
$3,168,891
(8)4)2,887.500 (6 H) 2,362 ,500
$1,925,726
(2)700,000
Net Income
Interest and rentals
3,864,000
Manhattan stock—
Balance for dividends
Dividends
...
Surplus for year
$281,391
$57,421 ' $1,225,726
DIRECTORS.—August Belmont (Chairman), Alfred Skltt, Morton F.
Plant, Andrew Freedman. James Jourdan, James H. Hyde, W. G. Oakman.
John Peirce, Geo, W. Young, Wm. A. Read, Cornelius Vanderbilt, New
York; E. P. Bryan. New Jersey; and Gardiner M. Lane, Boston.
Pres., E. P. Bryan; Sec., H. M. Fisher; Treas., D. W. McWilliams.
Offices, 13-21 Park Row Building, and 23 Nassau St., New York. — (V. 83,
p. 1347, 1407, 1470; V. 84. p. 390, 450. 570.)
INTERNATIONAL A GREAT NORTHERN RR.— (See Map Missouri Pa¬
cific.)—Longview, on Tex. A Pac. (near Shreveport, La.), southwesterly to
Houston and Galveston, also to Laredo, Tex., on Mex. National RR., and
Spring northerly to Ft. Worth; total Jan. 1907, 1.159 miles, viz.;
Joint trackage—
Miles.
'Lines owned—
Miles.
Longview, Tex., to Laredo
494 Galveston Houston A Henderson
(Jointly with M. K. & T.)
50
Palestine to Houston, Tex
150
26
Mlneola, Columbia, Ac
121 Other lines..
Fort Worth to Spring
261 Houston Oak Lawn A Magnolia
Park Ry
10
Navasota to Madlsonvllle
47
ORGANIZATION.—Reorganized without foreclosure In 1892 under plan
•n V. 54, p. 203, 366.
Stock authorized Is $25,000,000; outstanding,
755,000; par, $100; controlled In Interest of Missouri Pacific.
$9,-
BONDS.—The second mortgage Interest (scaled to 4
% until and Incl.
Sept. 1 1897) Is now 5 %; but In case of default the rate reverts to 6 % as for¬
merly.
V. 73, p. 445.
On Dec. 1 1906 car trust notes and bonds, $544,200.
EARNINGS.—July 1 1906 to March 31 1907, gross. $6,575,555; 1905-06.
$5 235,177.
Year—
1905-00
1904-05
Gross.
.
$6,805,433
6.316.309
Net.
$865,403
1.440.987
Oth. inc. Charges, Ac.
$4,007
•$1,781,696
10.451
1.851,630
Balance.
def.$912,286
def. 400,191
Improv., $763,1 26. — (V. 78, p. 1165.)
INTEROCEANIC RY. OF MEXICO, LTD—Seepage 179.
IOWA CENTRAL RY.—(See Map.)—Operates Peoria, Ill., west to Oskaloosa, la., thence northerly to Albert Lea, Minn., forming a through line
via Minn. & St. Louis RR. from Peoria. Ill., to St. Paul, Minn.
Leases—(stock owned.)
Miles.
Owns—
Miles.
Ia. C. A W., Belmond to Algona. 37
Iowa Jet., Ill., to Manly Jet.,
3
Iowa
363 Track, Iowa Jet. to Peoria
Branches to Belmond, Ac
127 Manly Jet., La., to Albert Lea,
•
Includes equip, notes, $37,081;
Minn,
(owned Jointly)
28
Total lnearnlngs July 1 1906
.558
HISTORY.—Reorganization (by plan In V. 44, p. 653) of the Central
Iowa, sold In foreclosure In 1887-88.
In June 1900 Minneapolis A St. Louis
Interests obtained control through purchase of the common stock; the two
properties are operated In close connection.
V. 70, p. 1249.
CAPITAL STOCK.—The preferred Is entitled to 5 % (non-cum.), then
V. 62, p. 548.
common to 5, then both share pro rata.
DIVI DENDS.—On pref. In 1892, 1 %; 1899, 3; 1900, 1 J4; none since.
BONDS.—The refunding 4s of 1901 are secured by a mortgage on the en¬
tire property now owned or hereafter
first 5s, for which an equal amount Is
for future extensions at not exceeding
equlpm’t. V. 73, p. 899. Loans
def.$81,132
$1,644
V. 84. p. 508.
HISTORY. Ac.— Reorganization In April 1890 of the Kanawha A Ohio
Ry. sold In foreclosure.
(V. 50, p. 451, 483 )
In Oct. 1890 a majority
In tne stock was acquired by the Tol. A Ohio Cent., which has guaranteed
the bonds, principal and Interest.
(See V. 52, p. 165,351.)' Capital stock,
$10,000,000 ($1,000,000 In treasury July 1906).
The 1st mtge. bonds are
limited only to $15,000 per mile of road constructed.
On June 30 1906, In
addition to car trusts shown above, there were obligations on contract equip¬
ment, $291,600; special equipment and betterment loan, $1,095,000.
.
8
EARNINGS.) 1906-07
Gross, $1,538,394; net, $350,819.
mos..July 1 to Feb. 28.\1905-06
Gross, 1,452,762; net, 403,658.
Surplus over 8 mos. charges, $181,365, against $248,308 surp. in 1905-
1906.
$16,837,370
Operating expenses
Net earnings
and In 1903-04 Manhattan
1903-04.
$19,695,594
def.$77,073
JACKSONVILLE TERMINAL RY.—Owns union freight and passenger
depots (the latter opened Feb. 1 1895) and terminal properties at Jackson¬
ville, Fla., Including 20 miles of track, used by Atl. Coast Line RR., Sea¬
board Air Line and Florida East Coast Ry., which companies guarantee by
endorsement the prln. and lnt. of above bonds, and own the entire stock.
Georgia Southern A Florida Ry. also uses depot. V. 71, p. 135.
For year
1905-06, gross, $160,099: net. $17,903; other Income, $34,494; ‘deductions,
71,
$34,494.—(V.
p. 135.)
JAMESTOWN CHAUTAUQUA & LAKE ERIE RY.—Jamestown to
Westfield. 31 miles; branches, 6 m. ; trackage, 1 m.; total, 38 miles.Incor¬
porated In Sept. 1900 and purchased the stock and about 95 % of the $250,000 bonds (5s) of the Jamestown A Chautauqua Ry. and entire stock of
Chautauqua Steamboat Co., operating 11 steamers on Chautauqua Lake.
In March 1906 the Bulfalo A Lake Erie Traction Co. was about to acquire
control.
V. 84, p. 508.
Year ending
Stock, $600,000, all common.
June 30 1906, gross, $97,185; net, $11,694; charges, $34,719; bal., def.,
$23,025.
Pres., F. L. Chase. — (V. 76, p. 212; V. 84, ps 508.)
JEFFERSON RR.—Owns Lanesboro, Pa., to Carbondale, Pa., 37 miles
double track; branch, Hawley, Pa., to Honesdale, Pa., 8 miles.
Leased
In perpetuity to the Erie RR. Co. for $140,000 per annum for main line
and $14,940 for branch.
Used by Delaware A Hudson to reach Carbondale
Stock, $2,095,450- all owned by Erie RR.
JOLIET & NORTHERN INDIANA RR.—Owns Joliet, Ill., to Lake
Station, Ind., 45 miles.
Road opened In 1854 and leased to the Michigan
Central Stock ($300,000), all owned by the Michigan Central, carries divi¬
dends of 5 % per annum.
(V. 76, p. 752.)
JUNCTION RR. (Philadelphia).—Owns Belmont, Pa., to Gray’s Ferry
Pa. about 3 miles. Leased for 50 years, from March 1 1899 to Phlla. Balt.
A Wash.; lessee to pay fixed charges; keep road In repair and pay bond
Interest and 6 % on stock; bonds are also endorsed with guaranty of Penn¬
sylvania, Phlla. Wllm. A Balt, and Philadelphia A Reading roads, made
prior to lease.
Stock, $250,000 (par, $50); now all held by Phlla. Balt. A
Wash, and the Pennsylvania, V. 68, p. 428.— (V. 68, p. 428.)
KANAWHA A MICHIGAN RY.—(See Map Toledo & Ohio Central.) —
Owns Corning, O., to Gauley on the Ches. A Ohio, 177 miles, less 18 miles,
Pomeroy to Gallipolls, and 1 mile, Athens to Armltage, where Hocking
Val. Ry. tracks are used.
Also owns branch of 11 miles leased to Toledo
A Ohio Central and Col. Sandusky A Hocking Ry. companies.
In 1907 consolidation with Hocking Valley RR. pending per plan V.
271. 323, the minority stock being offered 60% in new stock. V. 84 p 51.
In March 1907 it was proposed to Issue, In the event of the merger with the
Hocking Valley being blocked, a collateral trust security to provide for the
lloatlng debt of about $3,000,000 and provide about $2,500,000 for future
requirements.
This would make possible the payment of dividends on the
LATEST
Subway Division; In 1904-05
1904-05.
Gross earnings
Balance, surplus._._sur.$237,442
(V. 83, p. 626, 965.)
stock.
Balance,
$10,307,232 $5,809,788 $343,729 $4,704,115 $1,449,402
1906. Total
—
REPORT.—Balance sheet Sept. 30 1906, V. 83, p. 1407.
Taxes
7% on
[Vol. lxxxiv.
RAILWAY STOCKS AND BONDS.
72
acquired, subject to the $7,650,000
reserved. The balance arc Issuable
$25,000 per mile, Improvements and
and bills payable June 30 1906, $ 1,875,000.
for year 1905-06. was in V. 83, p. 749, showing,
$595,170; other income, $7,781; Interest, taxes. Ac.,
$302,203; balance, surplus, $300,748. —(V. 83, p. 749; V. 84, p. 51,508.)
REPORT. — Report
$2,152,762; net,
gross,
KANAWHA A WEST VIRGINIA RR.—To extend from Charleston, W.
Va., to Belva on the Gauley River, 55 miles, of which 35 miles completed,
balance under construction.
Controlled by same interests as Blue Creek
Coal A Land Co., owning 44,000 acres of coal and timber land In Kanawha
County.
Stock authorized, $5,000,000; par of shares. $100.
Of the $5,000,000 authorized 1st 5s. (Scranton Trust Co.. trustee), $1 ,<'00,000 have
been Issued, the remainder being limited to $25,000 per mile.
The first
$1,000,000 of the Issue are guaranteed, prln. and lnt., by the Blue Creek
Coal A Land Co. and are subject to 105 and interest after July 1 1908. V.
83, p. 1524; V. 84, p. 339.
Pres., Edward S. Jones; Vlee-Pres.. \V. A.
MacCorkle; 2d Viee-Pres., Cyrus D. Jones; Treas., Thos. E. Jones; Sec.,
Wm. D. Boyer.—(V. 83. p. 1524; V. 84. p. 339.)
KANSAS CITY BELT R Y.—From Argentine to Valley of Blue
miles.
Stock authorized, $2,500,000 (par, $100); outstanding,
River, 10
$550,000
(par, $100); owned one-half by Atchison Topeka A Santa Fe and threetenths by Kansas City Fort Scott A Memohls and two-tenths by Chicago
The Chicago Rock Island A Pacific Ry. contracted
Milwaukee A St. Paul.
to use the facilities.
V. 78, p. 1446.
To be acquired by the Kansas City
Terminal RR. Association, Incorporated July 11 1906, with $25,000,000
stock, $4,000,000 of Its bonds to be reserved to pay for the road and retire
the bonds.
V. 83, p. 95.
For year ending June 30 1906, gross. $424,069;
net, $172,374; other Income, $3,648; Interest, taxes, Ac., $ 182.223; balance,
deficit, $6,701.—(V. 78, p. 1446.)
KANSAS CITY CLINTON A SPRINGFIELD RY.—Owns from Olathe,
Kan., to Ash Grove, Mo., 154 miles; Raymore Jet. to Pleasant Hill, Mo..
8 m.; Arcadia, Kan., to Springfield, Mo., 85 m. (acquired Sept. 1901 from
Kan. City Ft Scott A Mem. RR.); total, 247 miles.
Stock, $1,775,400.
Bonds were guaranteed by the Kan. City Ft. Scott A Mem. RR. (old co.)
Under purchase from K. C. Ft. S. AM., $2,000,000 6 % bonds of that co.
were assumed.
For year ending June 30 1906, gross, $361,478;
net,
$79,510;
other Income, $47,161;
charges. $283,660;
balance, deficit,
$156,988.—(V. 73, p. 723.)
KANSAS CITY FORT SCOTT A MEMPHIS R Y.—(See Maps Rock Island
Co.)—Operates Kansas City, Mo., to Memphis, Tenn., and branches, 916 m.,
including trackage 85 m. from Arcadia to Springfield, Mo., owned by K. C.
Clinton A Springfield Ry. (which see above).
Also has a controlling Interest
In stock of the K. C. Mem. A Blrm. RR., owning line from Memphis, Tenn.,
to Birmingham, Ala., with branch, 285 m., and of Kan. City A Memphis
Ry.
A Bridge Co., owning bridge across Mississippi River at Memphis,
3 miles.
Total. 1,201 miles.
ORGANIZATION.—Incorporated on June 14 1901 and Is vested with
the property of the former Kansas City Ft. S. A Mem. Railroad other than
the 85 miles from Arcadia to Springfield, sold to the Kansas City Clinton A
Springfield; also controls other mileage. V. 72, p. 1237. See V. 72, p. 438,
532, 675, 988.
The St. Louis A San Francisco RR. owns the entire stock
and leases the road, guaranteeing the bonds of 1901, principal and Interest,
and 4 % on preferred stock trust certificates.
STOCK.—Common authorized, $45,000,000: outstanding, $15,000,000.
all owned by St. Louis A San Francisco RR.
The pref. stock ($15,000,000
authorized, of which $13,510,000 Is outstanding, par $100) Is deposited In
escrow, and against It are Issued trust certificates of the St. L. A San F. RR.,
the latter having the option to retire the certificates at any time at par,
and obligating Itself to pay off the whole Issue In 20 years from date (Oct.
1901). meanwhile obligating Itself to pay quarterly dividends of 1 % thereon.
See V. 72, p. 1238.
BONDS.—The refunding bonds of 1901 (limited to $60,000,000) are
secured by all property now owned, or hereafter acquired with the pro¬
ceeds of the refunding Issue.
Of the bonds, $11,650,000 were subscribed for
In June 1901, about $31,025,770 were reserved for exchange against the
face amount of underlying bonds, $3,000,000 for refunding purposes, $5,-
000,000 for Improvements betterments and new equipment at the cumu¬
lative rate of $600,000 per annum, and the residue, as well as any bonds
not used or required for refunding purposes, will be reserved for Issue for
additional lines and extensions, at not exceeding $22,500 per mile thereof.
As to guaranty, see “organization” above.
V. 75, p. 853. See V. 81, p. 559.
APR., 1907.]
RAILWAY STOCKS AND BONDS.
73
74
RAILWAY STOCKS AND BONDS.
| VOL.
LXXXIV.
Ape.. 1907.
RAILWAY STOCKS AND BONDS
to
76
RAILWAY STOCKS AND BONDS.
RAILROADS.
For explanation of column headings, Ac.. see notes
on first page of tables.
Miles
Date
of
of
Sise,
Road. Bonds.
Joliet & Northern Indiana — 1st M guar
p&l
Ce.c
Junction (Philadelphia) 1st M guar
p A 1 (extended)
General mortgage gold coupon $750.000
Kanawha & Coal River—Joint M $750,000
gold S f..
Kanawha & Mich—1st M $15,000 p m
g gu p & I.Ce.c*
Equipment trusts
Kanawha Sc W Va—1st M $5,000,000
g text
C*
Car trusts, due $52,000 Dec yearly
_Ba
Kan Cy Belt—1st ($534,000 guar
KCFS&MI.NBc*
Kansas City Clinton & Spring—1st M
g guar.-NB.c*
Pleasant Hill & De Soto first mortgage gold
NB
Kan Cy Ft, S & Mem RR 1st M
gold assumed. _NB
Kansas City Fort Scott Sc. Memphis
Ry—
Ref M $60,000,000 gold guar p & 1 end. .xMe.c* &r
a
Underlying Bonds
Kans Cy Ft S & G 1st M land gr s f dr’n at 110.
.c*
Memphis K & Col first mortgage.
c*
Kansas & Missouri RR first mortgage.
c*
Kansas City Ft Scott & Memphis RR cons
M_NB.c*;
Current Rver RR 1st M $20,000 p m guar
NB
Kansas Cy & M Ry & Bdge 1st M g s f drawn at 110c*
Fort Scott Equipment Co 1st M call at
par
i
Ozark Equip Co 1st M guar $1,000,000 call at
par
Kan Cy Mem & Blrm gen M $4,500,000 cur..OB
c*
Income non-cumulative
OB.c*
do
stamped fixed Interest redeem text
!
Blrm Belt 1st M gold red 1024 guar p A I end._OB
Equipment notes Series A due $65,000 semi-annually
do
Ser B $85,000 due s-a (V 81,
p 1044).. Ba
Kansas City Mexico & Orient—1st M
gold (see text)
Kansas City Outer Belt Sc Electric—1st M
$3,000,000 g
Kansas City Southern—Pref stk 4% n-c
$21,000,000First mortgage gold $30 000,000
Me.c*&r
__
45
2.96
2.96
>iS!
-a;
"lO
162
34
85
Amount
Rate
Value.
When
Outstanding
%
Payable.
$1,000
1,000
1,000
1,000
1,000
1905
1906
1886
1885
1,000
i ,ooo;
1,000
1,000
1877
500
$800,000
160
50
26
719!
82
3
1879
1884
1882
1888
1887
1889
1899
1900
1894
1894
1894
1902
1905
1905
1901
1903
7
J10
44
J
3 4 £ A
3 £
M
425,000
300,000
750,000
2,469.000
1,274,646
4 £
A
A
A
A
A
A
A
A
A
A
A
A
J
J
O
s
O
N
J
D
J
O
O
N
Where
lxxxiv.
Bonds—Princi¬
pal, When Dus
Payable, and by
Stocks—Last
Whom
Dividend.
Farmers’ L A Tr. Co.. N Y
Broad St Station, Phlla
do
do
Bankers’ Trust Co. N Y
Central Trust Co, N Y
July 10
July 1
April 1
Sept 1
April 1
2,500,000
3,192,000
58,000
2,000,000
5 £
7 £
6 £
A
M
J
J
J
A
A
M
19,143,000
4 £
A
A
O Mercantile Trust Co. N Y Oct
&c
2,056,000
1,000
492,000
1,000
390,000
1.000 yl3,736,000
7
7
5
6
5
3 £
6
5
4
5
5
J
M
F
M
A
A
J
M
M
A
A
A
A
A
A
A
A
A
D
s
A
N
O
O
J
N
S
1,000
1901
285
285
285'
21!
INTEREST OR DIVIDENDS.
or
Par
1877
1882
1900
1904
1890
1902
'830
[Vol.
,1,000 Ac
i
3 £
5
6
100
!
1,000
i
1,000
1,606,000
i.ooo: b3,000,000
1,000
1,000
100,000
430,000
3,323,390
387,280
5,935,500
1,000,000
1.040,000
1,530,000
7,800,000
2,000,000
100
21,000,000
1,000,
500
500
500
&c
&c
&ci
1,000
l",666;
May
Scranton (Pa.) Trust Co. July
1
1
R.
1907
1907
1930
1924
1990
1912
1955
Kleybolte A Co., N. Y Dec.'07-Dec.’ll
Office, 50 State St. Bost July 1 1916
Old Colony Trust. Boston Oct
1 1925
do
St Louis,
do
Oct
Mo
May
Old Colony Trust, Boston
do
do
do
do
Merc Trust, N Y; & Bost
Old Colony Trust, Boston
Merc Tr Co, NY; & Bost
Old Colony Tr Co, Boston
do
do
1907
1
1928
1
1936
June
1908
1910
Sept
1922
Aug
1928
May
Oct
1927
Oct
1929
1909
July
May-Nov 1 1910
Mar
1 1934
Mar 1 1934
Mar 1 1934
Oct
1 1922
To Jan 1 1915
do
do
do
do
do
do
do
do
Blair & Co, New York
do
do
Aug ’07-Aug *15
Amer Ex Nat Bk, N Y Feb
1 1951
USM&T, 20 Broad,NY April 1 1953
See text...
July 1 1907 4%
New York Trust Co, N Y April 1 1950
20 years
J
April 1 1912
N,Blair & Co, New York
Nov ’07-Nov *15
D
do
do
June’07-June’16
March
M
A
s
4 £
A
A
O
A
44 £ J
J
A
A
44 £ F
4 £
F
A
A
4 £
A
A
O
See text See text.
3 £
A
A
O
1900
1,000 &cj 30,000,000
mort $10,000,000 gold redeem at 105
1906
See text.
Coll trust notes $5,100,000 gold redeem at
44 £
par
1906
5,100.000
5 £
J
A
Equipment notes gold red par due $72,000 s-an__N
1905
1,000
4
1,224,000
do
4 £ M A
ao
gold ser B red par $30,000 semi-ann
1
! 1906
570.000
J
b Includes $187,000
A
44
£
held alive In sinking funds, y
Inclu des $2 ,000,000 assumed
by
Also covers majority of stock of Kansas
City Mem phis & BIrmI ngham, 2 85 miles, an dKCCl&iSp
provld es for retl rement of Its bonds.
In 1902 the K. C. Ft. Scott A Mem.
Ry. guaranteed the Interest on all
DIVIDENDS.—First dlv. on pref. stock, 4 %, payable July 1 1907 out of
except $387,780 of the $6,322,780 K. C. Mem. Si Blrm. Income
earnings for fiscal year 1906-07.
V. 84, p. 804.
ginning March 1, the bonds so guaranteed being stamped with abonds, be¬
provision
LATEST
EARNINGS.—
\ 1906-07.Gross, $6,685,352; net, $2,553,676
making them subject to call at any time within 10 years from
9
mos.,
Sept.
1
1902
July
1
March
31.
to
at 95 and Interest.
V. 74, p. 477, 577.
J1905-06.Gross, 5,646,520; net, 1,355,715
Equipment notes additional to
those In table above, $36,304 fives, due
REPORT for 1905-06 was In V. 83, p. 1288. Net
quarterly to Oct. 1 1908.
income for 8 mos. ending
Feb.
28
1907
Birmingham Belt bonds are guaranteed, principal and
over charges for
Interest, car trusts, <fcc\, $1,316,365; esti¬
Jointly by
Kansas City Memphis & Blrm. and St. L. & San Fran. Interest,
mated
net
income
remaining 4 mos. of fiscal year, $648,647; dlvs. on pref.
T. 75. p. 1147.—
stock (4%), $840,000; bal., sur.,
(V. 81, p. 264. 559 1044; V. 82 p 987 1438; V.
83, p 890.]
$1,125,012.
V. 84. p. 804.
1905-06.
KANSAS CITY LAWTON Sc PACIFIC RR.—V.
1903-04.
1903-04.
1902-03
83. p. 751.
Gross earnings
$7,568,332
$6,893,656
$6,678,215
KANSAS CITY MEXICO Sc ORIENT RY.— (See
$6,224,477
Map.) — Projected to
Operating
expenses
5,532,275
5,088,356
4,710,203
extend from Kansas City, Mo., to
4,519,117
Topolobampo Bay, Mexico, on the Pacific
coast. 1,629 miles: also a cut-off from San
Net earnings
Angelo to Spofford Jet., Tex.,
$2,036,057
$1,805,300
$1.968,012
$1.705,360
connecting there with Mexican lines for City of Mexico.
Total net Income
In Feb. 1907, 622
$2,064,956
$1.837,801
$1,976,794
miles were in operation, viz., Wichita,
$1.731.452
Taxes
Kan., south 200 miles;
166,475
153,150
150,254
151,416
Tex., east 78 miles; Chihuahua, Mex,, east 80 miles; ChihuahuaSweetwater,
Interest on bonds, <Scc..
west (incl.
952,714
899,980
899,989
899,985
trackage over Chihuahua & Pacific RR., 125 miles), 191 miles;
Miscellaneous
12.711
Topolobartipo
49,459
73,528
east 76 miles.
In addition over 300 miles were graded.
27,681
Deferred renewals
By Dec. 1907 about
125,020
1,050 miles are expected to be In operation (of which 275
trackage,
including
trackage [temporary] between Emporia and Kansas
Balance, surplus
City, 114 miles), the
$933,055
$610,192
latter being part of a continuous line from Kansas
$853,023
$652,370
City to San Angelo, Tex.,
711 miles.
DIRECTORS.—Chairman, Hermann Sielcken; Pres., J. A. Edson;
See V. 84, p. 102; V. 75, p. 1253; V.
81, p. 1550; V. 83, p. 1411;
H. R. Duval, J. A. Blair, \V. T.
V. 84. p. 508.
Rosen, D. G. Bolssevaln, H. Blumenthal,
Andrew J. Miller and Y. Vanden
The company has its own coastwise service from
Berg, L. F. Loree of New York; John J.
Topolobampo and the
Mitchell of Chicago; S. W. Fordyce and
Hamburg-American SS. Co. has contracted to establish
Adolphus Busch of St. Louis; G. M.
a trails-Pacific line
Craig,
Port
Arthur, Tex.; W. F. Harrity,
as soon as the railroad is
completed.
(V. 77, p. 401.)
Philadelphia. Pa.; Secretary la
Liberal subsidies
R.
B.
Sperry.
Office, 25 Broad St., N. Y.—(V. 84, p. 804.)
have been granted by the Federal and State
governments In Mexico.
See
KANSAS CITY TERMINAL RY.—To own a
prospectus, V. 75. p. 1253, and V. 83. p. 95, 1411.
union passenger depot
The Kansas City Outer Belt A Electric RR. (see
and terminal at Kansas City, Mo., with
that company below)
approaches, to be controlled
will, when completed, afford terminal facilities and an entrance
by
ten
railroads viz.:
Chic. R. I. A Pac., Atch.
into Kan¬
Top. & S. F., Chic. Mllwsas city.
& St. Paul, Chic. A Alton, St. Louis & San
V. 76, p. 331; V. 80. p. 871.
Francisco, Union Pacific
Burl.
Wabash,
Chic.
A
Qulncv. Mo. Pacific and Mo. Kansas & Texas
SECURITIES.—Stock authorized, $20,000 per mile each In common and
Incorporated July 11 1906.
Stock authorized, $50,000,000.
non-cumulatlve 4% pref. stock: outstanding
The Kansas
April 1905, pref., $4,232,400;
City Belt Ry. will be acquired.
com., $2,999.900.
Of the bonds to be authorized, $13,000,000
Stock is held in a voting trust until Jan. 1 1917.
V. 83,
will be used to pay for the land and terminal
Bonds (U. S. & Mexican Trust Co., trustee) are issuable
p. 1411.
facilities and to erect the sta¬
a.t $22,500
tion, and a further amount of $4,000,000 will be reserved
per mile, single main track, $15,000 per mile of yard and terminal
to pay for the
track,
K. C. Belt Ry. and retire Its bonds.
and $12,000 per mile of double track, constructed
V. 83, p. 95.
In Aug. 1906 $3,000,000
or acquired; also, $2,500,was borrowed at 4 4%
000 for extra work in Sierra Madre
Interest, guaranteed by the ten roads, bonds to be
Mountains, $5,000,000 for terminal fa¬
issued later when conditions favor.
cilities at Kansas City or Topolobampo,or both,and
V. 83, p. 323.
Pres., H. L. Hannon;
$10,000,000 for future
C.
Sec.,
C.
Ripley;
Treas.,
E. F. Swinney.—(V. 84, p. 339, 570.)
requirements and additional rolling stock at not over
$1,000,000 yearly,
KANSAS CITY VIADUCT & TERMINAL
On completion of road it was estimated
beginning Feb. 1 1906.
RY.—(Sec Map.) —Owns and
there will
be left in the treasury for each mile of
operates an elevated railway and highway viaduct from
completed road $7,500 bonds, $4,000
about Bluff
and 6th Streets. Kansas
pref. and $7,500 common stock.
V. 78, p. 102; V. 81, p. 1411; V. 84, p.
City, Mo., to Minnesota Avenue and 4th Street
102,
508.
In Aug. 1905 made an agreement with St. Louis
Kansas
City,
Kan.,
connecting
the
railroad
Union Trust Co., as
and manufacturing districts
of the two cities, with approaches.
trustee, to secure $2,000,000 car-trust bonds.
V. 81, p. 777.
Length, l .6 miles, with minimum width
Mexico A
of 60 feet; material, steel and concrete.
Orient Townsite Co. bonds, V. 78, p. 1109. 1113.
Completed Feb. 1907.
See V. 82,
p. 160; V. 84, p. 271, 931.
OFFICERS.—Pres., A. E. Stllwell: V.-P., Enrique C. Creel, W. W
Sylvester, Geo. Crocker and J. S. Bralthwalte; V.-P. and Gen.
STOCK.—Stock
authorized
and
outstanding, $3,000,000 (par of shares
Mgr., Ed¬
ward Dickinson: Sec., Neal S. Doran;
$100), of which a majority Is
Treas., W. A. Rule.
deposited In a voting trust for 3 years from
Among the
directors are George J. Gould, J. T. Odell, Russell
completion
or until dividends of
of
viaduct
4% have been paid for 2 con¬
Harding W. C. Procter secutive
and Robert C. dowry.—(V. 83, p. 1411; V.
years.
Voting trustees:
84, p. 102. 508. 693.)
Harvey E. Fisk, John P. Reynolds Jr.
Francis
S.
Eaton.
KANSAS CITY
NORTHWESTERN RR.—Entire stock, $4,016,000
(par, $100), and $2,983,500 ’‘B” bonds were
BONDS.—Of the bonds ($3,500,000 authorized
purchased In Nov. 1900 by been
Issue), $2,600,000 has
Mo. Pac. Ry., which see; also •‘Supplement”
sold for construction.
or Jan. 1903.
Balance for extensions and
Improvements.
KANSAS CITY OUTER BELT (STEAM) &
1910 a sinking fund amounting to 6
Beginning
with
ELECTRIC RR.—This com¬
% of gross receipts for
preceding year Is to be paid July 1 to retire bonds on
pany Is constructing a belt line road at Kansas
City, the main line, double
satisfactory terms;
otherwise to be lnvestecl.
track, being 7 miles In length, extending from No. Kansas
Pres., Ira G. Hedrick; VIce-Pres. and Treas., J. P.
Valley on the west, with bridge across the Missouri River. City to the Kaw
Reynolds
Jr.; Sec.,
Grading to be
E. E. Ball.—(V. 82, p. 160; V. 84, p. 271, 931.1
completed during 1907.
WlD afford an entrance Into Kansas City for
the
Kan. City Mex. A Orient Ry., and connect with
KENTUCKY
A INDIANA BRIDGE A RR.
the various steam roads
CO.—Owns steel cantilever
entering that city.
Arrangements are also proposed with certain
over the Ohio River at Louisville and 5 miles of
railroad between
projected bridge
suburban electric roads.
Louisville. Ky.t and New Albany, In'd., and 5 miles of belt
Incorporated In 1902 by Interests friendly
to
line In Louis¬
Kan. City Mex. A Orient Ry.
ville; also owns Louisville A New Albany
V. 75. p. 184; V. 76. p. 331; V. 80. p. 871.
Ferry Co.
Successor Jan. 31 1900
SECURITIES.—Stock authorized, $2,500,000 com. and $2,250,000 4
to Kentucky A Indiana
Bridge
Co.,
sold
In
foreclosure subject to the
%
pref.
The stock will be held In a voting trust of ten members until the full
$1,000,000 first mortgage.
The Southern Ry., Baltimore A Ohio South¬
dividend shall have been
western*^ A O.) and Chicago
paid
on the pref. for 5 consecutive years.
See
A
Louisville
Indianapolis
own the $75,000
V. 76, p. 331.
Of the $3,000,000 authorized 1st gold 4s (see table
capital stock, and pay monthly, In proportion to cars handled,
above),
any deficit 1c
$2,000,000 have been sold; the entire cost of construction and
operations.
Of
the $2,500,000 first consol. 4s, $1,000,000 were
equipment
reserved to
was estimated at not over $2,000,000 In
retire the old 5s at maturity and
bonds, leaving balance for exten¬
$500,000 for Improvements and better¬
sions and Improvements.—(V.75,
ments.
V. 71, p. 492.
p. 184; V.76, p. 331: V. 80, p. 871,2399.)
KANSAS CITY SOUTHERN RY.—See
EARNINGS.—For year ending June 30 1906,
Map.—Operates a line extending
gross, $279,896; deficit
from Kansas City, Mo., to Port Arthur,
under Interest charges, Ac., $202,848.
Tex., thence by its ship canal, 7
Pres., \V. H. McDoel; Sec. ami
miles, to deep water on the Gulf of Mexico, with branches and
Treas..
H.
W.
Heazlltt; Gen. Mgr., W. M. Mitchell.— (V. 71, p. 287, 342.)
extensive
terminals used by various roads entering Kansas
City.
KENTUCKY A OHIO BRIDOE CO.—V.
Lines Owned—
81, p. 1492; V. 82. p. 1379.
Miles.
Lines Owned.
Miles.
KENTUCKY A TENNESSEE RY.—See
Kansas City, Mo., to Belt June.. 12 Branches
page 179.
to
Fort
Smith,
De
Grand View, Mo., to Port Arthur,
KEOKUK A HAMILTON BRIDOE CO.—Owns
Quincy, la., etc
51
bridge across Mississippi
Tex
River at Keokuk, la., for railroads and foot
765 Trackage—To Grand
passengers.
The property was
View, Mo
11
originally leased to four comnanles. but only two
companies now use It,
these being the Toledo Peoria A Western
Total..
and
the
839
Wabash.
Also owns entire $650,000 each of stock and bonds of
guaranty, see V. 59, p. 969, On Judgment of 1889 $203,000 hasRegarding
Arkansas Western
been cole cted; on Judgment of 1894,
Ry.. Waldron to Heavener, Ark., 32 miles,
in April 1901 $142,000 was awarded.
$142,000;
also
operated
separately;
con¬
trols K. C. Shreveport A Gulf Terminal Co.
V. 72, p.821.
Stock. $1,000,000; par, $100.
V. 82, p. 332.
On Aug. 1 1906
Coupons
are
In
default,
but
Port Arthur Canal was transferred to the
mortgage has never been foreclosed, and part of overdue Interest
Government, Port Arthur being
Is
made a port of entry.
earnings permit.
V. 83, p. 38, 492.
Last coupon paid was first half of No. 45 (due Oct.paid as
1891)
In Nov. 1906.
ORGANIZATION.—A reorganization of Kansas City
A Gulf
RR.. foreclosed In 1900 per plan V. 69, p. 1012, 1062. Pittsburgh
EARNINGS.—Year
V. 73. p. 1356;
ending June 30 1906, gross, $60,762; net, $38,834,
V. 74, p. 94.
As to control, see V. 80,
other Income, $11,954; Interest on bonds,
p 997.
Ac., $38,424; balance, surplus,
The voting trust having expired
$12,364
la 1904-05, gross, $55,983; net, $41,394.
f
April
1905, a new management was
elected In May 1905.
Pres., Andrew Car¬
Extensions are to be built.
negie; Treas
Theodore Gilman, 55 William St., N. Y. — (V.
to
Including
one
New
72, p. 821.)
Orleans.
V. 80. p. 1971: VC 81,
p. 559.
Common stock, $30,000,000;
KEOKUK A DHS MOINES RY.—Owns rrom
par, $100
Keokuk, la., to Des
Moines, la., 162 miles.
Leased for 45 years from October 1 1878 to tHe
SECURITIES.—The stockholders on March 19 1906 authorized an Issue
Chicago Rock Island A Pacific Ry., the lessee to pay 2ft % of the
of $10,000,000 of 4 4 % 20 year
gross
Improvement bonds, of which $6,000,000
earnings, hut guarantees the Interest (not the
principal) on the bonds,
i Stock Is $1,524,600 8
deposited as collateral for $5,100,000 six-year 5% notes,
%
to
proceeds
be
preferred and $2,600,400 common (par, $100), a
used for Improvements and equipment.
The notes, which were under¬ I majority of which Is held by the lessee.
written. were offered to stockholders pro
rata at 95.
See V. 82, p. 334,
DIVIDENDS—
1
’94.
*95. ’90-’08. '90. '00. *01. *02. '03. '04. ‘05-06.
332. 6»2
Car trusts. V si
1
p. 1610; V
83, p. 687
On preferred. %.
/ 95c. 90c
None
4
1
4
12
14 None.
Improvement
...
.
,
_
.
_
_
Apr., 1907. |
RAILWAY STOCKS AND BONDS.
MAP OF THE
KANSAS CITY SOUTHERN
RAILWAY.
78
RAILWAY STOCKS AND BONDS.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles
For
explanation of column headings, Ac..
on first page of tables.
Date
of
see notes
of
Road. Bonds.
Size or
Par
Amount
Rale
When
Where Payable, and by
Value.
Outstanding
*
Payable.
Whom.
«
Guaranteed 10 % stock (Michigan South A Nor Ind)
First mortgage $50,000,000 gold
Us.c*Ar
Bonds (not mortgage) $50,000,000 gold
G.c*Ar
do
do
$50,000,000 gold
Notes $15,000,000
c Ar
Kalamazoo A White Pigeon first mortgage guar. Un c
Battle Cr A Stur 1st M gold guar p A 1 (see M Cen)
Sturgis Goshen A St Louis 1st M gold p A 1 guar..
Kalamazoo Allegan A Gr Rapids stock rental guar
First mortgage guaranteed
Un.c
Erie A Kalamazoo (leased) stock Toledo to Palmyra
Lake Shore System—Mahoning Coal RR—Stock
Preferred stock (see text)
1st M Youngs to And etc. guar p A 1 (end)
Un.c
Lake Sup A Ishpem Ry—1st M $1,200,000 g s f..F,c
1,666
.
37
41
36
58
58
26
47
47
47
20
'
««
Rental:
In
1905-00,
1904-05
and
1903-04,
772.)
$500
1,000
250
100
100 Ac
1.000
•
1,000
1,000
£6,000
KAO
LAKE ERIE
100
100
4
$150,000
2,600,000
1,000,000
1,069,000
F
A
A
J
A
J
5 g
M
A
S
A
4 g
A
O
6 g
M
650.000
A
S
1,524,600 See text. See text.
5
A
A
0
2,750.000
8
A
A
0
1,000,000
5
A
D
J
408.000
3 g
J
A
J
572,000
6
J 30 A D
360,000
4H
11,840 000
11,840 000 See text. J
5 g
5 g
3,625 000
100 z49,466,500 See text.
100
10
533,500
1,000
1,000
•
1,000 Ac
1897
1903
1906
1907
1890
1889
1889
1,000 Ac
1,000 Ac
1,000
1,000
1,000
1888
1,000
1,000
Ac
100
50
50
50
1884
1896
1,000
1,000
&
$137,500
(bond
interest)
p.
RY., HAWAII.—V. 75. p. 289;
V. 76.
p.
542.
PITTSBURGH RY.—V. 83. p. 1037.
Delphos, 162 miles;
trackage. 13 miles;
total operated, 8*6 miles.
HISTORY, ETC.—Formed in 1887 after foreclosure of the Lake Erie A
Western Railway.
(See V. 50. p. 590.)
In 1899, control passed to the
Vanderbilts, and on Jan. 1 1907 the Lake Shore A Michigan Southern
owned $5,940,000 common and $5,930,000 preferred stock.
V. 71. p. 1269.
DIVIDENDS— 1’91. ’92. ’93-’98. ’99. '00. ’01-’03. ’04. *05. ’06. 1907
On preferred
J 4
4H 5 yearly
0
2
4 yearly
3
3
3 Jan.,2
BONDS.—Abstract of first mortgage In V. 46. p. 45; of second mortgage
In V. 54, p. 444.
Guarantees $2,500,000 5s Northern Ohio, which see
EARNINGS.—For 3 months ending Mar. 31, gross $1,192,070, against
$1,323,050 in 1906.
ANNUAL REPORT.—Annual report for 1906 was in V 84, p. 027.
Year ending Dec. 31—
1904.
1906.
1905.
Gross earnings
$5,212,812
$5,037, 295
$4,998,010
Net (Including other Income)
454
1,451,318
1,450,
1,349,675
Deduct—taxes
263,066
257, 522
213,913
.
Interest on bonds
543,750
543, 750
543,750
Northern Ohio interest guaranteed
125,000
125, 000
125,000
Rentals and miscellaneous
69,341
56,465
80, 530
Dividends on preferred stock
(3 %)355,200(3 %) 355, 200(3%) 355,200
Additions and betterments.
139
87,092
70,
44,658
Balance, surplus
$7,868
$18,313
$11,289
*
Includes an amount for additions, Ac., not stated, included In charges
in back years.—(V. 82, p. 802, 1438; V. 83, p. 1408; V. 84, p. 927.)
LAKE SHORE A
MICHIGAN SOUTHERN RY.— (See Maps New
York
The main line
Central.)—Operates from Buffalo to Chicago with branches.
(540 miles) includes 26 miles between Toledo and Palmyra, Mich., under
from the Erio &
Road owned directly.
lease
Buffalo. X. Y., to
Sundry branches
Kalamazoo (535 miles has double track).
Leased (*see this Co.)
Miles
Chicago, Ill..540 Kalamazoo A A G. R.
339 Jamestown & Franklin
Entire stock owned.
Detroit A Chicago
Detroit Monroe A Toledo
Kalamazoo & White Pigeon
Northern Central Michigan
Mahoning Coal RR
26
55
Sturgis G A St. Louis..
37
61
29
Central Trunk
Elkhart A Western
5
11
Mites.
58
51
72
Erie & Kalamazoo (26 miles). .Text.
Detroit Hillsdale A S W
*65
Fort Wayne A Jackson..
*98
Detroit Toledo A Milwaukee
66
Battle Creek A Sturgis
7
Grand total oper. Jan. 1 ’07
Of which owned
1,520
1,103
By control of "Nickel Plate’’ the Lake Shore has still another line from
Buffalo to Chicago.
Operates Dunkirk Allegheny Valley & Pittsburgh,
Dunkirk, N. Y., to Titusville, Pa.. 91 miles, since Oct. 1 1901 for account
of New York Central.
fV. 73, p. 663.)
Leases portion of Detroit Toledo &
Milwaukee RR., extending from Dundee to Homer, Mich.. 66
miles.
V. 74. p. 379: v. 76, p. 1026; V. 82, p. 749.
Owns $17,000,000 stock of the Chicago Indiana A Southern RR., which
see.
V. 84, p. 753. 754.
Branch from Franklin, Pa., to Brookvllle, 55
miles, was under construction in Jan. 1907.
ORGANIZATION, Ac.—A consolidation on Aug. 16 1869.
In 1898-99
$45,289,200 of the capital stock was purchased by the N. Y. C. & II. R. RR.,
which gave in exchange its 3 'A % bonds at the rate of $200 in bonds for $100
in stock.
V. 66. p. 288; V. 69, p. 1237.
New York Chicago & St. 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 second preferred and $2,503,000 of Its first preferred stock.
The company also controls and leases the Mahoning Coal RR. (see Lake
Shore "System’ below) and owns (besides entire stock of proprietary lines)
$5,000,100 Pittsburgh A Lake Erie stock; $23,148,100 of the $40,000,000
Cieve. Cin. Chic. A St. Louis common stock- also $5,940,000 of the $ 11 ,840.000 common and $5,930,000 of the $1 1,840 000 Lake Erie & Western
preferred.
V 71 p. 1269; V. 72 p 870- V. 82 p. 749.)
In 1901 purchased from surplus earnings $3,200,000 Lehigh Valley RR.
stock for $1,920,000; total Lehigh stock owned, $5,700,000. V. 74, p. 879.
Also owns one-half of the $60,665,000 Reading Co. stock acquired by the
Pennsylvanla-Vanderbilt Interests, viz., $6,065,000 first preferred, $14.265.000 second preferred and $10,002,500 common stock, the other half
being held by the Baltimore & Ohio.
V. 80, p. 1856.
As to purchase of
one-sixth Interest In majority Hocking Valley Ry. common stock, see that
oompany.
V. 76, p. 102, 158; V. 77, p. 451; V. 83, p. 37. List of stocks of companies owned Dec. 31 1906, V. 84, p. 754.
See also
V. 78, p. 48, 1904; V. 80. p. 1852; V. 82, p. 749.
DIVID’S.—1’92. ’93-97. ’98. ’99. ’00. '01. ’02. ’03. '04. *05. ’06.
1907.
Slnce’91 p.c. (66 y’rly. 6H
7777788
Jan. 6
8
For $50,000,000 mortgage of 1907, see abstract in V. 64, p. 1182, and V'.
CC. p. 1140; V. 68. p. 1182; V. 73. p. 1264; V. 75. p. 290; V. 77. p. 2035.
.
120 Broadway, N Y
Fisk A Robinson, N Y
Louisville
Standard Trust Co, N Y
Central Tr Co, Chicago
Office, 71 B’way, N Y
do
55 Wm St.
do
As earned
Aug 1 1927
Sept 1 1934
March 1911
April 1 1950
Sept 1908-1923
May 2 ’04, 1
%
Oct
1
1923
April 1 1899
June 1 1921
Office, 40 Wall St, N Y
45 Broadway, New York Jan
1 1912
Bk Brit No Am, London Dec 31 1924
J
J
J
F
50,000,01)0
3Mg J
4 g
M
50,000.000
4 g
M
35,000.000
F
5
15,000,000
5
J
400,000
3
J
79,000
g
3 g
J
322,000
A
5.95
610,000
5
J
840,000
10
F
300.000
1,500,000 Sec text. F
5
J
661,367
5
J
1,500,000
J
240,000
6g
7,250,000
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J
J
J
J
A
D
S
N
A
J
D
D
O
J
A
A
J
J
J
r
Office, Gr Cent Sta, N Y Jan 15* 07, 2 %
Chase National Bk, N Yr Jan
1 1937
do
do
July 1 1941
r
Grand Cent Stat’n, N Y Jan 29 19076%
1
Feb 1907 5 %
do
1
do
f
June 1
1997
|
1
Sept 1
May 1
1928
1931
Feb
Jan
Dec
Dec
1910
1940
1989
1989
!
do
do
1
1
1
1
Apr 1907
: July 1 1938
Lincoln Nat Bank, N Y Feb 1907 5 %
Grand Cent Station, N Y Feb 1 1907 6%
Union Trust Co, N Y
Feb 1907 2H %
do
do
July 1 1934
Farmers L A Tr Co, N Y Jan
1 1926
r
•
ERIE & WESTERN RR.—ROAD.—Owns Sandusky. O., to
Peoria. Ill., 413 miles; branch to Minster, 10 miles; branch. Indianapolis to
Michigan City, 159 miles: Fort Wayne to Connersville and branch to Rushvllle, 129 miles; total owned, 711 miles; leases Northern Ohio RR., Akron
'
■
■
LAKE
to
Ac
1,000
KLONDIKE MINES RY.— Dawson City to Sulphur Springs, 31 H miles,
completed Jan. 1907: projected from Sulphur Springs to the Stewart River,
00 miles.
Stock authorized, $2,500,000; outstanding, $943,000.QThe Daw¬
son Grand Forks A Stewart River Ry. Corp., Ltd., owns al) the stock and
bonds.
V. 82, p. 509.
Ronds, see table above.
V. 81, p. 725.
Pres.,
J. A. Seybold:
Sec., Andrew Haydon, 19 Elgin St., Ottawa, Can.—
<V. 81. p. 725; V. 82, p. 509.)
KONA A
When Due.
Stocks—Last
Dividend.
Quincy.
New York Central holds $45,289,200 of this.
yearly; In 1902-03, $156.574.—(V. 08.
Bonds— Princi¬
pal
0
Kansas City St Joseph A Council Bluffs—See Chicago Burlln gton A
Kansas City Shrevep A Gulf Terminal—1st M red 105
1897
Kansas City Viaduct A Term—1st M g 8 f (text) S.c* Ar
1P05
Ken A I Br A RR—Ken A I B 1st M gold assumed..
1881
First consolidated mortgage $2,500,000 gold.-S.c*
1900
1905
Kentucky A Tennessee—1st M $850,000 gold (see text)
Keokuk A Des Moines—Preferred stock 8%
162
First mortgage interest guaranteed C R I A P..c*
162
1878
Keokuk A Hamilton Bridge—First mortgage
1869
c
Kewaunee Green Bay A Western—First mortgage.F.c
37
1891
113
1882
Kingston A Pembroke—First mortgage gold
Klondike Mines—First mortgage $30,000 per mile..
12
1905
Knoxville A Ohio—See Southern Ry.
Lake Erie A Detroit River—See Pere Marquette RR.
Lake Erie A Western—Common stock $20,000 p m..
711
Preferred stock 6% (not cum) ($20,000 per mile)..
711
First mortgage ($10,000 per mile) gold
711
1887
Ce.c*
Second M for $3,625,000 ($5,000 p m) gold
711
1891
Ce.c
Lake Shore A Michigan Southern—Stock-
z
[Vol. lxxxiv.
Of the $50,000,000 authorized debenture 4s of 1903, $40,000,000 were
sold to pay off the $25,000,000 loan made for the purchase of Reading
stock, which matured Jan. 1904. and floating debt Incurred for other acqui¬
sitions; balance sold In 1905.
They are to be secured by any new mort¬
gage.
V. 77. p. 1747, 2035; V. 78, p. 48; V. 80, p. 1912.
In Feb. 1906 $35,000,000 of 25-year 4 % bonds of a new Issue of $50,000,000 were sold for Improvements.
V. 82, p. 392.
GUARANTIES.—As to guaranties additional to those shown In
above see Detroit Hillsdale A S. W. and Fort Wayne A Jackson.
table
GENERAL FINANCES.—Nothing has been charged to construction or
equip, acct since 1883, the outlays charged to operating expenses for new
equip, acct. amounting In 1906 to $1,201,877 -and in 1905 to $3,360,773,
and for construction to $4,221,846 In 1906, against $3,743,020, these Items
being exclusive of expenditures for renewrals.
Profit and loss surplus Jan. 1
1907, $17,298,529.
In Jan. 1907 dividend rate was raised from 8 to 12%.
In Jan. 1907 $15,000,000 three-year 5% notes were sold.
V. 84, p. 271.
EARNINGS.-—For 3 months ending Mar. 31, gross, $10,429,137 in 1907,
against $10,023,253 in 1906.
For 9 months ending Sept. 30:
9 months—
Gross.
Net.
Other inc.
Churges.
Bal.,sur.
1906
$31,784,777
$6,441,112
$2,475,000
$5,454,999
$3,461,113
1905
28,236,196
4,470.000
6,135,705
1,760,000
3,425,705
ANNUALJREPORT for 19&6 at length was in V. 84, p. 744, 753.
Year ending Dec. 31—
1906.
1905.
1904.
Total gross earnings
$42,544,378 $38,600,810 $35,161,053
Operating expenses
31,331,510
i.
32,675,801
27,184,280
Net
earnings
Net, Including other Income
Rentals paid..’
Interest on debt
Taxes-Dividends on guaranteed stock
-
Dividends
Surplus
—(V. 83,
on
common
stock
over dividends
p. 155, 1408, 1411,
$9,868,577
$7,269,300
$7,976,772
$14,022,082 $10,787,963 $10,547,742
1,450,186
1,305,613
1,068,797
4,593,294
3,911,037
3,917,852
1,438,640
1,050,000
1,050,000
53,350
53,350
53,350
(10)4,946,650 (8)3,957,320 (8)3.957,320
$1,539,962
$510,645
1524; V. 84, p. 271, 744, 753.)
$500,422
LAKE
S YSTEM.—M AHON1N G
COAL
SHORE
RR.—Owns
from
Youngstown to Andover, O.,. and branches, 72 miles.
Branch (prac¬
tically second track) from Doughton to Plymouth, on the Lake Shore, 43
miles. Included above,of which, 18 miles, built by Lake Shore, was completed
in 1903.
Leased in perpetuity for 40% of gross earnings to Lake Shore,
which Jan. 1 1907 owned $865,900 common and $399,500 preferred stock.
’91.
DIVIDENDS.— I '99.
90.
’92.
’93. ’94. ’95 to Aug.’06.
’07.
On common.
4,4
84
J4H
5
8
8
10 yearly.
Feb.,6
The preferred stock certificates are 5 % guaranteed and contain a clause
making them redeemable at par at option of company.
Year ending Dec. 31 1906, rental and other Income, $1,063,434;
surplus
over Interest and 11 % on com. and 5 % on pref., $789,644.—(V. 83, p.1524)
LAKE SUPERIOR SOUTHERN
RY.—Projected from Huron Bay,
Barago Co., Mich., southwesterly to Madison, WIs., about 200 miles.
Stock, authorized, $12,000,000; outstanding Jan. 1907, $1,000,000.
The
bonds ($12,000,000 authorized issue) are subject to call at 103 on and after
Jan. 1 1917.
Of the bonds, $600,000 were Issuable at once for rights of
way and the old grade from Huron Bay to Champion, Mich., 35 miles, and
remainder as follows:
$3,500 per mile of right of way, $1,500 per mile of
constructed road for general purposes and $30,000 per mile for construc¬
tion, equipment, Ac.
V. 83, p. 1228.
President. M. C. Phillips, Oshkosh,
WIs.; Secretary and Treasurer, W. K. Rideout.—(V. 83, p. 1228.)
LAKE SUPERIOR TERMINAL A TRANSFER CO.—Owns 16 miles of
track used for transferring cars between the depots and tracks at West
Superior, WIs., of the proprietary companies, viz.. Northern Pacific, Chic.
St. Paul Minn. A Omaha and Duluth S uth Shore A Atlantic, which own
the $119,400 stock ($1,200,000 authorized).
Bonds, Ree table above.
D. M. Phllbln, Pres., West Superior, WIs.—(V. 82, p. 161.)
LAKE TAHOE
RY. A TRANSPORTATION CO.—See Sect
LANCASTER OXFORD
Apr. '06.
SOUTHERN RR.—See page 179.
LANSING MANUFACTURERS’ RR.—See V. 81. p. 1375; V. 82. p. ' 92.
A
LARAMIE
HAHN’S
PEAK
A
PACIFIC
RY.—Grading completed
from Laramie, Wyo., via Centennial, 30 miles, on which 17 miles of
track laid, balance to be operated in 1907; extension proposed from Cen¬
tennial to Grand Encamninent. being balance of 100 miles.
Stock au¬
thorized, $!),000,()<)<) common, practically all Issued; pref. 6% non cum.,
$1,000,000 auth ; par af shares, $10.
(See V. 77, p. 824.)
Bonds being
Issued at $8,000 per mile on completion of 5-mile sections.
In April 1906
sale of entire $800,000 bond Issue was reported.
V. 79. p. 968, 2205; V. 82,
p.
805.
Pres
.
Fred A. Miller. Laramie. Wyo.— (V7. 82,
p.
805.)
LEAVENWORTH TERMINAL RAILWAY A BRIDGE.—Owns highway
and railroad bridge (opened Jan. 1 1894), 1,110 ft. long, over Missouri River
at Leavenworth, Kan., and valuable terminal property In that city.
The
mtge. contains a s. f. provision.
Kansas City St. Joseph A C. B. (Chicago
B. & Q.) and Chic. R. 1. A P. use the bridge at an annual rental of $16,000
each, under a 30-year contract from 1894, and Chic. Gt. Western from Sept.
1 1895, for 30 yrs.; rental $14,250.
For year 1905-06, gross, $52,198; net,
$32,748; int., $30,000; bal., sur., $2,747. Stock, $600,000 —(V.-69, p. 494.)
LEHIGH A HUDSON RIVER RY.—Owns from Greyeourt, on Erie RR.
Belvldere, N. J., on the Pennsylvania RR., 63 miles.
Proprietary lines
Orange County RR. (entire stock owned—no bonds Issued). Hudson Jet. to
Maybrook, N. Y., on Cent. N. E. Ry. (Poughkeepsie Bridge), lncl. track¬
age, a total of 13 m.; S. E. A P. RR., Phllllpsburg to Easton, 1 m.; track¬
age, Penn. RR., Belvldere to Phllllpsburg, 13 m.; D. L. A W. trackage,
Andover Jet. to Port Morris, N. J., 8 m.; total oper., 98 miles.
V. 79, p.
269.
Stock, $1,340,000: par, $100.
Dividend prospects, V. 83, p. 1588.
BONDS.—Of the $1,320,000 een. mtge. bonds out, $1,062,000 are guar.
Jointly, p. and L, by the Central RR. of N. J. and Leh. Coal A Nav. Co. An
to
Helena!
Tlntio
Austin
1
ON CITY
N \E V
o
San Luts ol
A
Candelaria
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Mojave
^
Sqota
7
BONDS.
RSAATIOLNWCKDY
>
/
*
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,
V'OJ
Pedro^k
4
H
Se]iK'.nan
The Needle!
LosVKngeles
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MAP OF TIIF
KANSAS
IP\
CITY,
MEXICO &, ORIENT
,
BAILWAY & CONNECTIONS.
Shortest Line from Kansas City to Pacific Oceax
^
L
'X
>
Sv^> v 'v
^
c
/
Rincon
Escalon^
M
ifg Lanipazos
J Bermeji^lo
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Monterey
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v'
„
80
RAILWAY STOCKS AND BONDS
[Vol. i.xxxiy.
!
RAILROADS.
INTEREST OR DIVIDENDS.
Milcs
For explanation of column headings, &c., see notes
on first page of tables.
of
.
i
_
16
28
5
-
-
»
•
3
42
63
15
22
63
;
.
Second mortgage
r
Consolldat Ml coupon A reg $4,762,000 4Ms__cAr
$40,000,000jannulty $2,538,000 are 4^s
FP
General consol M $150,000,000 gold
GP.c’Ar..
Collateral trust bonds $19,000,000 see text.GP c* Ar
Lehigh ANY 1st M gold guar p A 1
Mp.c*Ari
Leh Val of N Y 1st M gold guar p A 1 (end) GP.c* &r
Lehigh Val Term 1st M gold guar p & 1 end.Ce.c* Ar
Easton & Amboy 1st M Easton to Perth Amboy guar
Easton A Nor 1st M gold guar by Leh Val.GP.c*<Scr
Middlesex Valley 1st M $600,000 gold
Ce.c*
PennANYCanARR—Consgu(text) pAI (end).GP.r
Elmira Cortland & Nor 1st pref M gold.
Ce.c*
First mortgage gold guaranteed p & 1 (end)
Ce
j
of
1906
Par
Amount
Rate
Value.
Outstanding
%
$1,000
15
All
_
_
j
461V
117
283:
3U
60
12:
22
500
500
1,000
i
1,000
1,000
1,000
1,000
50
50
1868
1870
1873
1873
1903
1905
1895
1890
1891
1880
1895
1892
1888
1884
1884
1,000
1,000
i
1,000
1.000
1,000 Ac
i
1,000
1,000
I
1,0001
1,000
i
1,000]
500
1,000
1,000
1,000
i
1,000]
100
100
$205,673; charges, $185,991; balance, surplus, $19,682.
Pres., W.
Jay Turner: V.-P., Lewis A. Riley; Sec. and Treas., H. F. Baker.—(V. 78,
p. 1962; V. 79, p. 2642.)
net.
LEHIGH VALLEY RR.— {See Map.)—Jersey City, N. J., opposite N. Y.
City, to Buffalo, N. Y., 450 miles, with branches, viz.: (*See these cos.).
Fee or Entire Stock Owned
Lehigh A N. Y., Pa. State line
Branches
Pa. AN. Y., Wllkesbarre to Pa.
State line
miles
(with 43
branches)
181
to No. Fair Haven, N. Y
Other
174
Leased—
State Line A Sullivan
139
549
140
Other
Trackage to Susp. Bridge, Ac..
Total June 30 1906
Second track
115
70
*24
4
49
1,445
577
HISTORY, Ac.—In 1901 the Erie, Lackawanna. Central of New Jersey,
Reading and Vanderbilt Interests entered the directory.
V. 72, p. 137, 391.
A Mich. So. In 1901 purchased $3,200,000 of the stock.
V. 74, p. 883.
The Reading Co. on June 30 1906 owned $1,000,000 and the
Central RR. of N. J. $1,600,000 stock.
V. 81, p. 971.
For list of securi¬
ties owned, see V. 66, p. 187.
In October 1905 the entire capital stock of Coxe Bros. A Co., owning ex¬
tensive coal properties In Luzerne and Carbon counties, Pa., and or the
Delaware Susquehanna A Schuylkill RR., extending from Drlfton to
Gowen, Pa., 31 miles, with branches, 17 miles, were acquired.
See
‘•Finances” below. V. 81. p. 1175, 1242, 1376; V. 82, p. 100; V. 83 p. 702.
COAL PROPERTY.—The Lehigh Valley RR. Co. owns 3,619 acres of
coal 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.
Coal acres.
Est'd yield
Owned In fee
15,217
7,242
124,000,000
Perpetually leased.
8,123
5,741
111,000,000
Term leases
1,708
1,708
47,000,000
Controls through stock owned
9,229
4,519
50,000,000
Collieries 54, dally 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 5s also owned and guaranteed—see V. 64,
In 1905
p. 137.
purchased the holdings of Coxe Bros. A Co. V. 81, p. 117o; V. 83, p. 702.
The Coal Co. shipped from collieries owned and controlled 7,667,065 tons
of anthracite coal In 1905-06, against 7,975,210 tons In 1904-05; total coal
and coke tonnage, 1905-06, was 12,753,053.
DIV’S—V87. ’88 to '91. '92. ’93. ’94 to '03. ’04.
'05. ’06.
1907.
Slnce’83,%/4 M 5 yearly
5 '4
4
None.
Aug.,1
4
4
See below.
In Jan. 1907 2% and 1% extra.
V. 83. p. 1525; V. 84, p. 102, 158.
BONDS.—The gen. consol, mtge. of 1903 will secure $150,000,000 bonds
bearing not to exceed 5% lnt., covering the entire road, the stock of the
Lehigh Val. Coal Co. and other stocks owned.
Of the bonds, $10,000,000
The Lake Shore
Issuable at once, $10,000,000 were reserved to retire $8,516,000 car
trusts, ser. A to G Indus., and $1,535,000 coal purchase bonds, $96,000,000
to retire at or before maturity outstanding fixed obligations amounting to
$94,130,000 (Incl. the coll. trust bonds, and $2,000,000 coal trust certificates
of 1902, which
were
called
for payment), on payment of which the
general consols will be a first lien on all the property of the system, except
as to $12,600,000 annuity bonds, which are a perpetual
charge; the re¬
maining $34,000,000 are Issuable at not exceeding $2,000,000 a year, or
such larger amounts as may be authorized by stockholders, beginning Jan 1
1906, for acquisitions, terminals, coal properties, equipment. Ac.
Old
bonds may. however, be extended If
necessary for not over two years.
Provision may be made at the time of Issue of bonds thereunder for the right
to convert Into stock at the pleasure of the holder not over $25,00.0.000 at
any one time.
V. 77, p. 824; V. 78. p. 287; V. 79. p. 1642; V. 82. p. 1380.
See property covered In V. 81, p. 211.
As to collateral trust 4s of 1905. see "General Finances” below.
were
GUARANTIES.—Elmira Cortland A Northern RR.—This road, with the
Canastota Northern, runs from Elmira to Canastota and Camden, N. Y.,
140 miles.
Stock. $2,000,000, Is owned.
V. 62, p. 364, 1177.
I^ehigh Valley Railway Co. of New York.—Owned Buffalo, N. Y.. to near
Sayre, Pa.. 175 m. double track, and branches to Ithaca, Auburn, Ac., 106
m.; in all 281 m., covered by $15,000,000 mtge of 1890, but In 1903 and
1905 consolidated with other sub. cos.: total mileage now Is 501 miles.
Stock, $11,200,000, all owned by Lehigh Val. RR.
Mortgage abstract V.
51, p. 114.
V. 77. p. 147, 972; V. 81. p. 784: V. 83, p. 38.
Lehigh Valley Terminal Railway.—Owned double-track road from South
Plainfield. N. J.. to Jersey City, with about 125 acres at Jersey City and a
Ac
1
LEHIGH A NEW ENGLAND RR.—Operates road from Slatington, Pa.,
to Campbell Hall, N. Y., 95 m., Bethlehem to Bangor, Pa., 31 m.; Bath to
Martin’s Creek, Pa., 20 m.; branches, 32 m.; total, 178 m., of which two sec¬
tions, aggregating 35 m., are trackage, leaving 143 m. owned.
V. 79, p.
2642.
In Jan. 1904 Lehigh Coal A Navigation Co. acquired control.
V. 78. p. 229, 1781 1962.
SECURITIES.—Stock, $1,000,000; par, $50.
Of the consols of 1903
($3,000,000) $1,300,000 is issuable to retire underlying bonds, the remainder
for extensions and improvements; trustee,
Provident Loan A Trust Co.,
of Philadelphia.
V. 77, p. 951
EARNINGS.—For year ending June 30 1906 (132 miles), gross, $565,109;
Elmira Cortland A Nor*
Ac
Ac
1 000
additional $1,535,000 are reserved to take up prior liens and $134,000 for
extensions or acquisitions of connecting roads.
See form of guaranty,
Ac., In V. 67, p. 788.
Equipment 5s June 30 1906, $70,000.
Equip¬
ment trust 4 Ms, V. 83, p. 96.
EARNINGS.—6 mos., 11906
Gross, $371,664; net, $149,376
July 1 to Dec. 31.
) 1905
Gross,
290,333; net,
115,926
Surplus over charges, $67,236; against $43,741 in 1905.
ANNUAL REPORT.—Incl. Orange County HR., V. 83, p. 1588.
Year end. June 30. Gross.
Net.
Int.,tax,&c.
Bal.,sur.
1905-6
$662,386
$255,241
$182,750
$72,491
1904-5
481,772
166,523
145,027
21.496
Lewis A. Riley, Pres., Philadelphia, Pa.
New directors, Dec. 1904,
V. 79, p. 2642.—(V. 81, p. 1791; V. 82, p. 449; V. 83, p. 96. 1588.)
Miles.
Ac
1,000
1.000
1,000
1,000
Morris Canal stock 4 % guaranteed 999 years
Preferred stock 10% guaranteed 999 years
Buffalo, N. Y., to Sayre, Pa
Wllkesbarre,
Pa.,
to
Jersey
City
See
5
6
5
5
5
6
5
5
5
text.
300.000
1,000
100
*
101
101
119
119
1901
1905
1905
1904
1893
1881
1887
1879
1881
1890
1906
1895
1902
1904
1903
Bonds—Prindpal. When Due.
j
Size, or
$195,000
-
M $3,000,000 g (see text) _Ce.c*
Equip trust certs gold due $40,000 yearly. PeP.c
Lehigh & New England—1st M $1,000,000 gold._FP
Northampton 1st M g $300,000 guar red 105_FP.c*
Lehigh A Delaware 1st gen M redeem at 105
Consolidated mortgage $3,000,000 gold call at 105..
Lehigh Valley—Common stock.
QPi
Preferred stock 10 % (V 79, p 151, 269)
_:_GP
First mortgage extended in gold in 1898.GP.cAr
_
.
Lehigh & Hudson River—1st M gold lnt red to 5 %_Ce
Second mortgage gold.
Warwick Valley first mortgage extended In 1900..
_
,
Road. Bonds.'
Lake Superior So — 1st M $12,000,000 g red textK
Lake Superior Term A Transfer—1st M $500,000
L Tahoe Ry & Tr Co—1st Mg $500,000 s f beg 1905
Lancaster Oxford A Southern—1st M $200,000 gold..
Lansing Manufacturers—1st M serial Interest rental..:
Laramie H P A Pac—1st M $800,000 gold
AB.c*
Leavenworth Terminal Ry & Bridge—1st M gold_.Ce
Second mortgage
Leh A Hud Rlv gen
Date
200,000
75,000
120,000
600,000
800,000
164,000
145,000
240,000
1,320,000
400,000
1,000,000
300,000
750,000
1,380,000
40,334,800
106,300
5,000,000
6,000,000
10,400,000
12,600,000
22,000,000
19,000,000
2,000,000
15,000,000
10,000,000
6,000.000
51,000
211,000
8,500,000
750,000
1,250,000
706,700
903,600
Where Payable, and by
Whom.
When
Payable.
A
A
A
A
A
A
A
J
J
J
J
J
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J
g
g
g
g
g
g
g
g
4H
A
6
5 g
A
J
4M g J
5 g
J
5 g
J
5
5 g
See text
10
4 g
7
J
A
J
J
J
M
4M A 6 J
4 M & 6 J
4 g
M
4 g
F
4 g
M
4 M g]J
5 g
A
M
5
4M g M
5 g
M
4 4M.5 ;A
6 g
A
5 g
4
A
F
F
10
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
j
J Knickerbocker Tr Co, NY
O
OiMerc Tr Co. San Fran
O Farmers Tr Co, Lancaster
J Union Trust Co, Detroit
J Amer Loan A Tr Co, Bost
J Central Trust Co, N Y
Stocks—Last
Dividend.
Jan
1
1947
April 1 1909
.
Oct
1
1931
April 1 1935
July 1 1915- 30
July 1 1929
Jan
1
1923
J) National Exch Bank.lliJuly 1 1911
J |
N Y. and First Nat. || July 1 1917
O
Bk. Warwick, N
MJuly 1 1911
O 1
April 1 1912
J J
1J July 1 1920
1)
June 1 '07-i 6
J 929 Chestnut St, Phila
July 1 1945
|
.
J
do
do
do
J■
do
O
do
do
J Checks mailed
J1
do
D Office, 228 So 3d St, Phila
S
do
do
D
do
do
Dl
do
do
N J PM organ ACo ,N YAPhil
A;
do
do
S'
do
do
Jan
1
July
1
1952
1954
1 1953
Oct
Jan 12 1907 3
Jan 12 1907
June 1 1948
Sept 1 1910
Dec
1 1923
1
Irredeemable
May 1 2003
Aug '07-Feb 26
Sept 1 1945
Jj\J P Morgan A Co, N Y'July 1 1940
•Oct
OiJ
and Philadelphia
1 1941
N Office, 228 So 3d St, Phil May 1 1920
Ni
do
do
Nov
1
1935
Ni Philadelphia
Nov 1 1942
O Lehigh Valley RR, Phila April 1 1939
O!
do
do
April 1 1914
O
do
do
April 1 1914
AiOffice, 228 S 3d St. Phila Feb 1907 2 %
A
Feb 1907 5 %
do
do
large water front there, Ac. Merged in Aug. 1903 with other sub. cos.
In L. V. of N. J.. having a total mileage of 119 m., Its $12,506,000 out¬
standing stock ($7,927,000 additional In treasury) being all owned by
Lehigh Val. RR. V. 77, p. 972; V. 53, p. 640,880; V. 81, p. 784; V. 83. p.703.
Morris Canal.—Leased for 999 years and dividends guaranteed.
Bonds
all owned by Lehigh Valley.
See V. 50, p. 137.
Pennsylvania A New York Canal A Railroad.—Leased for 99 years from
Dec. 1 1888 to Lehigh Valley, which has assumed Its debt and owns all its
stock.
The consols Include $4,000,000 of 5 per cents, $3,000,000 of
4s, $1,500,000 of 4 Ms.
V. 62 p. 950.
Lehigh Valley Coal Co.—See “Coal Property” above.
V. 81, p. 1726.
Consolidated Real Estate Co.—See V. 78, p. 1223; V. 79, p. 1271; V. 83,
p. 702.
To June 30 1906 none had been issued.
Seneca County Ry., $500,000 guaranteed bonds, none Issued June SO
1906.
See V. 79, p. 1271.
In July 1905 the Lehigh A Lake Erie was authorized to Issue $3,000,000
bonds for a terminal line; the $1,200,000 Issued w’ere In the treasury June 30
1906.
V. 81, p,- 211; V. 83, p. 702.
GENERAL FINANCES.—In 1904 dividends were resumed.
V. 79, p.
103, 77; V. 80, p. 117.
In Oct. 1904 $15,000,000 4 % ref. bonds were sold,
providing about $3,700,000 cash for general capital requirements and for
the retirement of the $7,900,000 mtge. and coll, trust 5 % bonds and $2,-000,000 5 % coal trust certificates.
V. 79, p. 1642, 1704, 2205.
See
“Bonds” above.
The purchase of the stock of Coxe Bros. A Co. ($2,910,150) and of the
Delaware Susquehanna A Schuylkill RR. ($1,500,000) In Oct. 1905 was
financed by an Issue of $19,000,000 coll, trust 4 % bonds, to be retired In
$500,000 semi-annual Instalments beginning Aug. 1907 and secured by
deposit of those stocks. The bonds are subject to call as a whole at 102 H
beginning Aug. 1 1912, or In the order of serial numbers. V. 81, p. 1175
1242, 1376; V. 82, p. 100; V. 83, p. .702.
EARNINGS.—For 8 mos. ending Feb. 28 (exclusive of coal companies):
8 Months.
Net.
Gross.
Other Inc.
Impr'ts.
Net Inc.
1906-07
$8,940,246
$23,453,733
$700,395
$1,355,904
$8,284,737
1905-06
22,560,883
8,644,609
341,572
904,186
8,081,995
ANNUAL REPORT.—Fiscal year ends June 30.
The report for 1905-06
was given in V. 82,
p. 682, 701.
See also editorial, p. 660.
1905-06.
1904-05.
1903-04.
$13,248,565 $13,530,337 $12,835,076
13,934,127
12,432,583
11,994,701
3,971,392
3,509,825
3,155,715
1,635,772
1,803,098
1,896,246
Earnings from coal
Miscellaneous freight
Passengers..
Mall, express, Ac
Total gross..
expenses
$32,789,857 $31,275,843 $29,881,738
20,152,211
18,929,701
18,870,300
Operating
Net earnings
Other income...
....
Total income
Additions and Improvements
Interest and rentals
Taxes
Miscellaneous
Total deductions
Net income
Net Income coal properties
,
Total net Income
Dividends on preferred stock
Dividends on common stock
.$12,637,646 $12,346,141
808,852
453,011
$11,011,438
505,477
..$13,446,498 $12,799,152 $11,518,915
1,570,227
1,411,551
1,465,290
5,673,892
5,217,376
5,083,583
707,040
724,050
679,813
43,755
53,286
32,667
$7,094,914
.$5,451,584
318,489
$7,406,263
$5,392,889
635,548
$7,261,353
$4,255,560
856,437
$5,770,073
$6,028,437
(10)10,630
(15)15,945
(4)1,613,392 (3)1,210,044
$5,111,997
Balance, surplus
$4,146,051
$4,802,448
$5,111,997
Pres., E. B. Thomas, 143 Liberty St., N. Y.; Asst, to Pres., E. A. Al¬
bright: 1st V.-P., J. A. Middleton; Gen. Mgr., M. B. Cutter; Treas., W. C.
Alderson; Sec., D. G. Baird, 228 So. 3d St., Philadelphia; Executive Com.:
Chairman, Eben B. Thomas; Geo. F. Baker, E. T. Stotcsbury. Charles
Steele, H. McK. Twombly and Geo. F. Baer.
Directors—Edward T. Stotesbury, S. P. YVolverton, Joseph Wharton,
Geo. H. McFadden, Charles Steele, Irving
A. Stearns, Abram Nesbitt,
II. McK. Twombly, Eben B. Thomas, Geo. F. Baker, E. B. Smith, Geo. F.
Baer aiul Itobt. C. Llppincott. -(V. 83, p. 1524: V. 84, p. 102, 158.)
LEXINGTON A EASTERN RY.—Owns from Lexington, Ky., to Jackson,
Ky., about 92 miles.
Extension from Jackson to Hazard. Ky., 33 miles,
to be begun in spring of 1907.
Stock. $500,000; par, $100.
Reorganized
without foreclosure in 1901 per plan V. 73, p. 663.
BONDS.—The 1st mtge. 5s were extended at same rate of lnt. to July 1
1911, the company having the light to call and redeem all or any of them at
102 and lnt.
All lnt. on the gen. mtge. bonds was waived to Aug. 1 1901,
lnt. thereafter to be paid In cash Feb. and Aug. 1, as follows: 2% yearly
for 5 years, then 3 % for 5 years and 5 % yearly thereafter to maturity.
De¬
ferred debentures will be issued from time to time for bal. of the lnt. not paid
In cash on the gen. mtge. bonds accruing after Aug. 1 1901, such debenttires
($375,000 eventually) being payable without lnt. whenever the company
shall decide (either In cash or gen. mtge. bonds), but Immediately If a
dividend Is declared on stock.
EARNINGS.—7 mos., ; 1906-07...Gross, $318,856; net, $123,329
July 1 to Jan. 31.
jll)05-06
.Gross,
303,360; net,
123,624
Year ending June 30 1906 (92 miles), gross, $528,912;
net, $231,660;
other Income, $2,250;
charges, $137,900; bal., sur., $96,010.
Pres.,
Arthur Cary, Lexington, Ky. — (V. 76, p. 542.)
LEXINGTON UNION STATION CO.—To own station at Lexington, Ky.,
expected to be completed about July 1907.
Common stock, $15,000, In
$100 shares, owned equally by Louisville A Nashville. Ches. A Ohio and
Lexington A Eastern.
There will be Issued $500,000 of the 4% cumulative
(non-voting) preferred stock, secured, it was understood, by mort. and
paid by above-named roads. President, J. Rogers Barr; Sec. and
Treas., A. Mitchell Jr.
rentals
BONDS
RSAATILONWCKDY
1907.]
APB.
82
RAILWAY STOCKS AND BONDS
RAILROADS.
explanation of column headings, &c.,
on
first
page
see notes
of tables.
Miles
Date
of
of
Size,
Par
Value.
Road. Bonds.
INTEREST OR DIVIDENDS.
Amount
Rate
When
Outstanding
%
Payable.
M not guar GP.r
Lehigh A Lake Erie first mortgage $3,000,000 authi
L V Coal Co 1st M $12,000,000 g s f not drawn.c* Ar!
do
Interest reduced.
Delano L’d 1st M gold guar s f $30,000 yearly..GP
Consol Real Estate 1st M $2,000,000 guar
Usm
Equip, trusts Series C g. due $200,000 yearly.. PeP
do
gold Series D due $300,000 yearly
do
gold Series E due $82,000 yearly
!
do
gold Series F due $80,000 yearly
do
gold Scries G due $100,000 yearly
!
do
gold Series H due $90,000 yearly
j
Lexington A Eastern—1st M g ext In 1901 red 102Ce.c* i
General mortgage gold
Co.r
Le xington Union Station—Pref stock (see text)
i
Lime Rock—Consolidated refunding
mortgage gold..;
Litchfield & Madison first mortgage $1,000,000
g..EC
Little Falls & Dolgeville—1st M $250,000
gold
'_j
Little Miami—Stock com guar 8 % 99 years P C A St
Lj
Renewal mortgage
c
New mortgage ($3,000,000)—V 72. p 184, 241, 1080
Little Rock & Hot sp West—1st M g gu
p <& I end.SSt
Little Schuylkill Nav RR A Coal—Stock (rental
guar)
Long Island—Second (now first) mortgage
c*l
Consolidated mortgage gold ($3,610,000 are 5s)..Ce
General mortgage gold
_Ce.c*!
Long Isl RR M on ferry for $2,750,000 gold._Ce.c*
Stewart Line mortgage of 1932 for $500,000
gold.Ce!
Debenture ($1,500,000) gold not subject to call
New York A Flushing first mortgage assumed
i
Brooklyn A Montauk 1st M ($250,000 are 6s)_Ce.c*:
Second M gold ass'd Bus Sta to Eastp A brs_Ce.c*i
Long Island City A Flushing 1st M assumed
c*
»
Consolidated mortgage gold assumed
Ce c*
York Bay Extension $200,000 1st M assumed
1884
1905
1892
1892
1891
1906
1899
1899
1899
1902
1902
..
1905
1895
92
1895
$500
----
In treasury
600,000
1,000
900,000
164.000
1,000
1,000
160,000
400,000
1,000
1,000 Ac
1,000
1,000
'
100
155
156
1882
1,000
1901
1,000
1899
1,000
1878
1881
1888
1892
1892
1894
1880
1881
1888
1881
1887
1893
163
18
2
76
76
12
19
6
Ac
50
—
84
84
53
32
10,114,000
1,400,000
1,089,000
1,000
1,000
1904
1903
'5
100
50
Ac
1,000
1,000
1,000
1,000
1,000
1,000
1 000
1,000
1,000
1,000
1,000
$113,979; net, $60,147; other Income, $3,679; charges, $20,558; dlv.
<S%). $22,500; bal., sur.. $20,767.
Office. Rockland.—(V. 82, p. 1380.)
LITCHFIELD A MADISON RY.—Owns Litchfield Jet. to Madison, Ill.,
44 m.; trackage, 1 m.; total, 45 m.
Stock, common, $500,000; pref., 4 %
non-cum., $500,000; par of shares, $100.
Formerly controlled by Chic.
Peoria A St. Louis, but In 1904 control was sold to John R. Walsh and asso¬
ciates of Ghlcago.
For year ending June 30 ‘06, gross, $205,009; net, $45,031; charges, $44,949; bal., sur., $82.
Pres., James Duncan. Alton, Ill.;
Sec. and Treas., I). M. Cameron.—(V. 79, p. 2456.)
LITTLE FALLS & DOLGEVILLE RR.—Little Falls. N. Y., to Dolge¬
ville, 10 miles.
V. 75, p. 48.
Stock. $250,000, of which the N. Y. Cent.
A Hudson River In July 1906 acquired a majority.
Bonds, see table.
For
year ending June 30 1906, gross, $55,185; net. $21,271; charges, $10,475.
Pres., W. H. Newman; Sec., D. W. Pardee.—(V. 83, p. 272.)
LITTLE KANAWHA RR.—Parkersburg. W. Va., to Palestine, 30 m.
Stock, $3,000,000 authorized: Issued, $509,500.
In Nov. 1905 the Pitts¬
burgh A Lake Erie acquired the road.
V. 81, p. 1436; V. 82, p. 628.)
LITTLE MIAMI RR.— (See Map Pittsburgh Cincinnati Chicago & St.
Louis.) — Owns Cincinnati, O., to Springfield, O., 84 m.; branch, Xenia. O.,
to Dayton, O.. 16 m.; Dayton. O., to Ind. State line. 38 m.; leases, Colum¬
bus A Xenia RR.. Xenia, O., to Columbus, O., 55 m.; Cln. St. Con. RR.,
2 miles; total, 195 miles.
LEASE.— On Dec. 1 1869 leased to Pittsburgh Cincinnati A St. Louis
(now Pittsburgh Cincinnati Chicago A St. Louis) for 99 years renewable for¬
ever.
The Penn. RR. Co. Is a party to the contract and guarantees Its
faithful execution.
Rental Is 8 % on $4,943,100 stock and Int. on debt.
The stockholders voted Jan. 29 1907 to modify lease and Increase stock
from $5,000,000 to $10,000,000.
V. 84, p. 51, 815.
Lessee’s report shows results to lessee: In 1900’ profit, $65,989; 1901, $07,151; In 1902, loss, 892,069; in 1903, loss. $241 .593; In 1904, loss. $133,746;
In 1905, loss, $167,692; in 1906. loss, $185,303. Stock authorized, $10,000,000.
Beginning Dec. '99 1-5% extra paid each Dec. and June from the
surplus Invested fund, making dlv. 8 2-5 % yearly.—(V. 84, p. 51,271.)
LITTLE ROCK A HOT SPRINGS WESTERN RR — (See Map Missouri
Pacific.)—Owns Hot Springs to Junction, Ark., 53 miles, of which Benton
to Little Rock, 23 m.. Is leased to Choc. Oklahoma & Gulf RR.
V. 68,
•■gross.
£.ouls
85; Iron
V. 69,
Mountain
p. 283; AV.Southern
Stock, $1,140,000,
St.
73, p. 722.
all owned
Ry. (Missouri
paclllc system),
whichby
guar,
the bonds, principal and Interest, by endorsement.
V. 78, p. 583.
Divi¬
dend. 3H % paid In 1905-06.
Year ending June 30 1900, gross, $235,092;
net, $63,736; fixed charges, $49,835; div. (3 4%), $39,900; bal.. def., $25,999.
Pres.. W. C. Fordyce.—(V. 78. p. 583.)
,
LITTLE SCHUYLKILL NAVIGATION RR A COAL.—Owns from Port
Clinton to Tamanend and Reevesdale, 32 miles.
Re leased on Dec. 1 1896
to Phlla. A Read. Ry. for 999 years, and rental reduced from 7 % on stock
to 5% gold from Jan. 1 1897.
Dividends:
In 1898, 5f$ %; 1899, 5H.%:
1900, 5; 1901, 5H; 1902, 5H; 1903. 5%; 1904, 5; 1905, 5 kL 1906, 5; 1907,
Jan.. 3%. Lessee pays taxes and organization expenses.—(V. 73, p. 554.)
LONG ISLAND RR —Operates the steam surface roads of
Long Island.
Owns—
Miles.\
Leases—
Miles.
Long Island City to Greenport.. 95 N. Y. A Rockaway Beach Ry*__ 12
Long Island City to Montauk
115 Jamaica & So.Shore(V.78, p.102)
5
Sundry branches
107 N. Y. B’klyn A Man. Beach*
18
Total Dec. 31 190y
Operated electrically
10
30
STOCK.—$12,000,000;
par.
DIVIDENDS.—
1
Double track
(•Which see.)
$50; of which Penn. RR.
’82.‘83 to’90.
391
45
126
owns
$6,797,900.
’91. ’92. ’93. ‘94. ‘95. ’96. None
Percent.
j 1 4 yearly. 4 k
5
5
4^4
4 since.
BONDS.—The refunding 4s of 1903 ($45,000,000 authorized Issue) are se¬
cured by a lien on the entire road, subject to the $22,592,000 outstanding old
bonds, to retire which an equal amount Is reserved; remainder, $22,408.000. guar, as to prln. and Int. by the Penn. HR., were sold, the proceeds to
be used for various Improvements and additions In connection with the
Pennsylvania tunnels to and through New York City, principally for addi¬
tional terminal facilities at Bay Ridge and Long Island City and for a dou¬
ble-track connection with the New Haven road, for additional freight and
paasenger terminals, tracks, equipment, and to retire old bonds.
V. 78, p.
583, 1549: V. 79. p. 2796; V. 80. p. 1111; V. 81. p. 211; V. 82. p. 868.
In April 1906 a 4 % equipment trust was arranged.
V. 82, p. 864.
The
Pennsylvania Co. Dec. 31 1906 owned $2,600,000 equipment certificates
(see V. 84, p. 928.)
The unified mortgage Is limited to the amount now outstanding.
Bonds
are subject to call at 110 In whole or In part on any Interest
day.
V. 68,
618.
Mtges. on real estate, $1,661.08.7
V. 76. p. 266.
GUARANTIES.—In addition to guaranteed bonds In table above, guarntees 5 % on $650,000 New York Brooklyn A Manhattan Beach
pref. stock
as part rental; also 4 4 % on $50,000 P. P. A So. Br. stock and 4
k % on
$82,500 of the New York & Coney Island stock.
The shareholders voted Mch. 14 1906 to guarantee, principal and
Interest,
an authorized issue of $10,000,000 4k% 40-year coilat. trust bonds of the
Long Island Consolidated Electrical Companies, a holding company, all of
whose stock Is owned, for the trolley lines owned and controlled.
The pres¬
ent Issue will provide the cost of acquired and constructed lines, about
$2,140,000, and about $500,000 was expected to be Issued for newlines and ex¬
tensions during 1906.
See V. 82, p. 100, 864; V. 84, p. 865.
IMPORTANT CONNECTIONS.—Construction Is In progress on the
city’s extension of Its Rapid Transit tunnel from Manhattan under the East
River and thence to Flatbush Ave. Station. Brooklyn.
V. 75, p. 30, 185.
The Penn. RR. Is also building an undergromid (tunnel) electric rail¬
road for passenger service from Jersey City, under the Hudson River to
« central passenger station at 33d St. and 7th to 10th avenues,
and thence
A
J
J
J
F
&
&
&
A
A
A
A
A
A
A
A
A
J
5 g
4 g
5 g
4
4k g J
4 >4 g M
F
4H
I Bonds—Princi¬
Whom.
‘
■
Philadelphia
Jan
J J.P.Morg.A Co.NYAPhi
J
do
do
J Philadelphia
A
D Phil Penn Co for I, Ac
S Prov Life A Tr Co, Phlla
A
M
N
F
A
None Oct 06
4 g
F
A
5 g
850,000
J
J
1.500.000 See text. F
A
4
300,000
4 g
400,000
J
A
J
5 g
M
600,000
A
N
3 g
250.000
J
A
J
8 2-5 Q--M 10
4,943,100
1,500,000
5
M
A
N
3 k
2,422,000
F
A
A
4
1,140,000
J
A
J
g
5 g
2,487,850
J
A
J
7
268,703
F
A
A
4,731,000 4 A 5 g
3— J
4 g
3,000,000
A
D
;J
1,494,000
S
4MEM A
4 g
332,000
A
D
J
5 g
J
A
al,135,000
D
6
M
125,000
A
S
1,000,000 5 A 6 g M A cS
5 g
600,000
A
J
D
6
M
600,000
A
N
5
650,000
g
M A N
5
alOO.OOO
,J
A
J
pal, When Due.
Stocks—Last
Dividend.
Where Payable, and by
Philadelphia
do
do
1
1910
Jan
1 1933
1 1933
Jan
Jan
1 1932
Feb
1 1956
To June 1, 1909
To Mar 1 1910
To Feb
1 1909
To May
To Aug
To Feb
J K Tod A Co, New York July
See text.
Feb
1
1
1
1
1909
1910
1
1913
1911
1935
Portland Me.
July 1 1929
52 Wm St, N Y; A Chic Nov 1 1934
Amer Exch Nat Bk N Y 1933
Office, Fosdlck Bldg, Cln Mar 10 ’07 2
Bank of America, N Y
Nov 2 1912
do
do
Feb
1 1951
St Louis and Philadelphia July 1 1939
Office, 410 Walnut, I^hlla Jan 151907,3
U S Mort A Tr Co. N Y Aug 1 1918
do
doALon July 1 1931
do
do
June 1 1938
do
do
Mar 1 1922
do
do
June 1 1932
do
doALon June 1 1934
do
do
Mar 1 1920
do
do
Mar 1 1911
do
do
June 1 1938
do
do
May 1 1911
do
do
May 1 1937
do
1 1943
do
Jan
1
LIME ROCK RR.—Owns road In and around Rockland, Me., 11 m.;
^trackage, 1 m.; total, 12 m. Stock, $450,000; controlled by the RocklandRockport Lline Co. of Maine.
V. 82, p. 1380.
Year ending June 30 1906,
2098.) .317
J
See text.
1,000
1,000
1,000
1,000
1,000
100
12
44
$365,000
1
Total owned (V. 77, p.
Leases —
Atlantic Avenue RR
North Shore Branch RR
[
i
Lehigh Valley—(Concluded)
Lehigh Val Coal Co—Snow Shoe 1st
i
or
I
For
[You LXXXIV
under the East River to a connection with Long Island RR.. and thus with
N. Y. N. H. & H. RR.; see V. 74, p. 830; V. 75, p. 1203; V.
84, p. Oil.
As
to Improvements, see V. 80. p. 599, 997; V. 81,
p. 31.
REPORT.—Report for calendar year 1906 was In V. 84, p. 86§.
1906.
1905.
Inc. or Dee.
Gross earnings
$9,595,596
Inc. $1,094,128
$8,501,466
Operating expenses
7,481,162
6,632,201
Inc.
848,961
Net earnings
Total net
Rentals of leased roads
Interest on bonds
Int. on mortages A ground rents.
a
.$1,947,641
$1,715,855
$2,354,148
$2,139,473
$231,786
c$214.674
$251,158
$250,050
1,772,465
1,550,357
41,442
260,563
56,879
29,977
241,635
44,926
Inc.
Inc.
$1,108
222,108
11,465
1H.928
11,933
def. $28,359 sur. $22,529
Dec.
$50,888
.
.
Miscellaneous
Balance
Inc.
Inc.
Inc.
Inc.
Inc.
This Item does not Include all the interest, a “proper proportion” oa
securities issued for Improvements extending through several years, from
which no additional revenue can be derived until completion, haring
beea
charged to cost of construction.
See V. 84, p. 865.
a
Pres.. Ralph Peters: Treas., Henry Tatnall. Broad St. Station. Phlla.—
628, 805, 864, 868; V. 84, p. 339, 745, 865, 931.)
V. 82, p.
LORAIN &
ASHLAND RR.— Under construction from Lorain, O.
south through Wellington and Ashland to Black Fork River and thence to
the Ohio River, passing through the Hocking coal fields.
Of this. 25 miles,
to Wellington was to be completed In 1906 and 30 miles additional, via
Ashland to Mansfield, to be builtjmmedlatcly.
Controlled bp Joseph Ram¬
sey Jr. and associates.
V. 82, p. 628, 805.
LOUISIANA & ARKANSAS RY.—(See Map.)—Hope, Ark., to Tioga,
La., 187.8 miles; extension from Paekton to Jena, 29.86 miles; trackage,
Tioga to Alexandria, I.a., 8.18 miles; Tioga to Plnevllle, La., 6 miles, gives
second entrance to Alexandria; total, 231.84 miles.
STOCK.—Stock
(authorized.
$7,000,000;
outstanding,
$3,750,000;
shares par. $100*, of which $3,745,000 Is deposited with the Standard Trust
Go. of New York.
Voting trustees 10 years; William Buchanan, Edward E.
Porter, BenJ. F. Yoakum, Harvey E. Fisk and Charles L. Pack.
DIVIDEND.—1 k % paid semi-annually since March 1906.
BONDS.—The unissued first 5s (total limited to $7,000,000) are reserved
for betterments, equipment and extensions, of which $1,000,000 reserved
for bridges across Black and Red rivers, and the balance limited to
$20,000
per mile of completed railroad.
Tho entire amount outstanding, but no
part, will be subject to redemption at 110 and interest on any Interest date
after Sept. 1 1007.
Banning with Sept. 1907, a sinking fund of $55,000
per annum to buy bonds. If possible, at 110 and Interest or under: otherwise
to be Invested.
EARNINGS.—8 mos., U906-07
July 1 to Feb. 28.
j1905-06.
REPORT.—Report for
1032, 1046.
V. 83. p.
Year—
1905-06
1904-05
year
Gross, $768,614; net. $218,017
Gross,
647,331; net.
242,735
ending June 30 1906 was given at length In
Miles.
Gross.
Net.
..187
167
$1,057,526
844,535
$371,344
Oth.Inc.
$20,981
322,823
20,050
Ch'gcs.
$153,666
141,351
Balance
$238,659
201,522
Pres., Wm. Buchanan, Texarkana, Ark.—(V. 84, p, 570.)
LOUISIANA A
NORTH WEST RR.—Owns Magnolia, Ark., to Natchi¬
114.7 miles; trackage, Magnolia to McNeil, 8.4 miles; total,
121.1 miles.
Early In 1905 control was changed.
V. 82, p. 49.
Stock, $10,000,000 authorized, of which $2,300,000 outstanding; par,
Car
$100.
trusts April 1 1907, $16,400.
Trustee of prior lien bonds. Peo¬
ple’s Trust Co., Brooklyn, N. Y.
Of the 1st 5s of 1905 ($10,000,000 au¬
thorized Issue), $150,000 Is reserved to retire the old bonds and $425,000
for Improvements, equipment, Ac.
V. 82. p. 628.
Pres, and Treas., GcoW. Hunter, St. Louis; V.-P., Hugh C. Brown. Magnolia, Ark.;
See., John
A. Richardson, Homer, La.—(V. 73, p. 957; V. 82. p. 49, 628.)
toches,'La.,
LOUISIANA RAILWAY &
NAVIGATION CO.—Owns New Orleans to
Shreveport, La., 301 miles, completed Oct. 1906; branches from Colfax to
Winfield, 28 miles and from Alexandria to Jena, 8 k miles.
Successor on June 22 1908 of the Shreveport A Rea River Valley Ry. V.
77, p. 36,
Stock authorized, $12,000,000; outstanding, Apr. 1907, $4,885,000; par. $100.
Bonds (see table above) are limited to $17,500,000 total
Issue and $23,000 per mile: $300,000 has also been Issued for a
bridge over
the Red River at Alexandria; $4,000,000 Is reserved for New Orleans terml
naLs.
Sec official statement, V 77, p. 36; V. 77, p. 769.
Pres., Wm. Edenborn, Hibernia Bldg., New Orleans; Sec. and Aud., H. B, Helm; Treas.,
Clarence Ellerbc, Shreveport. La.—(V. 83. p. 1098; V. 84, p. 390, 460.)
LOUISIANA SOUTHHRN B Y —See this Section »or July 1905.
LOUISIANA WESTERN RR —(See Map of Southern PnciHc.)—Own*
from I^afayette, La., to Sabine River. 105 mllm; Midland to Eunice, 24 m.
Midland to Abbeville. 35 iu ; Mallard Jot. to Lake Arthur. 34 m ; total, 198
miles.
Operated Independently, but In connection with Southern Pacific,
which owns all the $3,360,000 stock.
iti year 1905 06, gross, $2,246,804;
net, Including other income, $1,179,588; surplus over charges, $971,761.—
(V. 74. p. 268.)
LOUISVILLE A ATLANTIC RR.—Versailles. Ky.. to Beattyvllle Jot..
101 miles, of which Miller’s Creek to Beattyvllle,28 m. opened In
Dec. 1902
Stock, $1,000,000; par, $100.
Year ending June 30 1906, gross, $121,015;
net, $64,608; total deductions, $79,078; balance., def., $14,470.
Pres.,
J. I*. Arnsden, dec’d; Sec., E. M. Wallace. Versailles, Ky.—(V. 71,
p. 236.)
LOUISVILLE BRIDGE CO —Owns bridge 5 294 feet long over Ohio Rlv.
at Louisville, Ky., and about 2 miles track additional in Louisville.
Used
by several railroads—P. C. C. A St.L. Rv.. Loutsv. A Nashv. Ac.
Surplus
earnings are paid back to roads using bridge.
STOCK Is $1,500,000; Penn. Co. owned. Jan. 1 1007. $900,000.
Diva.
1896, 6 H%; 1897, 7 %: In 1808, 6 %; In 1899, 3 %; 1900, 8 %; 1901, 6%;
BONDS
SATONCKD
RAILWY
84
INTEREST OR DIVIDENDS.
RAILROADS.
For
explanation of column headings, &c., see notes
07i first page of tables.
Miles
Date
of
of
.Size,
or
pal, When Due.
! Amount j
\Outstanding
Rate
When
%
Payable.
--
$1,000!
1,000
500
&c
1,000
1,000
1,000
1,000
100
1,000
1.000
1,000
1,000
5 g
5 g
5 g
al,262,000
al,601,000
a883,000 I
436,000
4>*
See text.
4^
3,750.000 See text.
5 g
3,598.000
5 £
100,000
5 g
1,936.000
4 M g
4,865,000
500
250 000
1 ,000
1,0()u
2,240.000
1 ,000,000
1,500,000
2 500,000
3,500,000
60 000,000
1,525,000
c7,461,000
892,000
3,258,000
dl,884,000
e355,000
5,000,000
1,000,000
3,500 000
2,998,000
fl ,749,000
loo
500
1,000
100
1,000
5
4 g
4 g
a$315,000
5,660,000
22,408,000
J
A
;M
&
M
A
!
See
M
J
A
J
M
J
M
5 g
6 g
5 £
See text.
5 g
4 g
6 In 1906
6 g
6 g
7
LOUISVILLE HENDERSON A ST. LOUIS RV.—ROAD.—Louisville
Henderson, Ky., 144 miles (Incl. 6 m. trackage); Irvington to Fordsvllle,
Ky., 44 miles; L. & N. trackage, Henderson, Ky., to Evansville, Ind., 12
A reorganization June 1 1896 (per plan In V. 62, p. 138).
m.; total, 200 m.
The Louisville A Nashville in 1904-05 acquired $706,081 preferred and
$1,318,385 common stock.
V'. 81, p. 1100.
Stock, common, $2,000,000,
preferred. 5% non-cumulatlve. $2,000,000.
V. 62, p. 138.
REPORT for year ending June 30 1906 In V. 83, p. 1169, showing gross,
$951,859; net, $249,926; improvements. $42,563; interest and taxes, $150,to
000; surplus, $57,363.
V. 83. p. 155. 626. 1169.^
LOUISVILLE A JEFFERSONVILLE BRIDQE CO.—One half mile long
and the approaches one m*le* opened Jan. 1 1896.
Also owns about 40 acres
of land In Louisville and 100 acres In Jeffersonville.
Stock, $1,425,000;
mtge. Is for $5,000,000 (trustee, U. S. Trust Co. of N. Y. and Union Trust
Co. of JndlanapoPs): bonds for $1,500,000 are reserved for future con¬
struction, Ac.: the bonds are guaranteed by the Ches. & Ohio and Cleve. C.
C. A St. L. roads, In whose Interests the entire stock Is owned.
See V. 61.
559 —(V. 62. p. 84.)
RR.— (.See Map.)—ROAD.—Operates
mainline from Cincinnati. O.. to New Orleans. La.. 921 miles: with branches
to St. Louis. Mo.. Memphis, Tenn., Ac., 3,284 miles, making total system
proper, June 30 1906, 4,205 miles.
The system Includes:
Lines owned absolutely or through
Reported separately—
Miles.
.922
capital stock—
Miles. •Nashville Chatt. & St. Louis
Louisville to Nashville
181 •Georgia Railroad system
571
•Louis.
&
182
Hend.
St. Louis
Sundry other lines
3,077
•Chic.
Lines leas'd, Ac.—
In4- & Louisville
592
21
•South. & North. Ala. RR
193 Owned but leased to other cos
Other lines
7331 Do. Paducah & Mem. Dlv
248
Operated for other companies
211 Blrm. South, (half stock owned). 26
! Yellow Rlv
(all «tock owned)
26
I Chesapeake & Nashville
47
j
* See this company.
Total system proper
4,2051
_6,842
Total of all July i 1906
In July 1906 the Birmingham Southern, 26 mil<?s, was repurchased by
Tenn. Coal Iron &
RR.
V. 83, p. 38.
It was arranged to acquire
the Chattanooga Southern. Chattanooga, Tenn., to Gadsden, Ala., 92 m.
(inel. trackage, 5 mj and 3 m. branch, provided the minority stockholders
consented by Apr. 15 1907.
See FINANCES below.
in Apr. 1902 acquired control of the Atlanta Knoxville & Northern Ry.,
Knoxville. Tenn
to Marietta. Ga., 205 mile'-, with 25 mile branch and
trackage to Atlanta, Ga.. 20 miles, which was merged in June 1904; a con¬
necting line from Jellico. Tenn., to Knoxville. 66 miles giving direct line
Cincinnati to Atlanta, was completed in April 1905.
The Chesapeake A
Nashville, Gallatin, 'Penn., to Seottsvllle, Kv., 35 miles, with branch, 12
miles
was taken over July
V. 83. p. 155.
1 1906.
ORGANIZATION.—Line opened between Louisville and Nashville Nov.
1859.
For securities owned and In sinking fund see V. 83, p. 8 9, 830.
Control by Atlantic Coast Line.— Late In 1902 the Atlantic Coast Line RR.
.
acquired
a
majority of the stock (viz.. $30,600,000 of the $60,000,000 out
V. 74, p. 830, 1038;
standing), but the roads are operated Independently.
V. 75. p- 733. 1399.
do
do
do
do
do
do
Stocks—Last
Dividend.
S
J
O
J
s
J
N
Fisk & Robinson, N Y
Sept
Boody, McL & Co, N Y Jan
Oct. ’06, paid, St. Louis
Farmers’ Trust Co, N Y
R Winthrop & Co, N Y
S P Co, 120 B’way, N Y
Knickerbocker Tr Co,NY
1
1
1932
1935
1
1927
1
1945
April l 1935
July
1
1953
Mar
1
1950
July
May
1
1
1921
1941
See text.
&
A
A
A
A
A
A
A
&
c
1945
1949
1949
1926-1931
In 40 years
Mar 15 1907 1 H
text.
&
&
A
A
&
A
&
Oct
Oct
1
1
1
Sept 1 1927
Louisville, Ky.
J
M
F
J
J
A
4H e M
A
6 g
6 g
M
6 g
J
6 g
J
6 g
M
M
3 g
5 g
M
5 g
4 g
J
4 g
A
5 g
M
Sm
1902. 5%; 1903, 13%; 1904, 4%; 1905, 6%; 1906, 7%.
In Dec. 1903 the
suit of the minority stockholders was settled, $150,000 of the $248,376 re¬
covered being distributed as a 10 % dlv.
See V. 78, p. 102; V. 79, p. 2747.
For year ending Dec. 31 1906, gross, $379,109; net, $189,007; dividends
(7%,). $105,000; bal., sur., 584,007.—(V. 79, p. 2747.)
U S Mort & Trust Co.NY
Q—J
jM
NASHVILLE
f
JUS Mort A Trust Co,N Y Jan
Mar
S
do
do
S Am Exch Nat Bank.N Y Mar
A
A
O
M
A
S
Seml-an
1,000
1877
100 Ac
175
L C & Lex 2d M s f not drawn Louisv to Newport.c*
175 i 1881
Gen mortgage L C & L gold (V 63, p 1010)_Mo.c*
1,000
189
1880
1.000
L A N bonds & S N Ala RR 2d M as coll gold. Un.c'
45
1880
Pensacola Dlv 1st M gold (drawn at 105)
F.c*
1,000
141 , 1880
New Orl & Mob Dlv 1st M N O to Mobile gold.F.c*
1,000
141
1880
Second mortgage gold
1,000
c*
208
1881
Southeastern 6c St Louis Dlv first mortgage gold, .c*
1,000
208
1881 4
Second M gold East St Louis to Evansville & br c*
1,000
1887 !
192
First M (50-year 5s) $15,000 per mile gold__Ls.c*
1,000
1888
First M collateral trust ($7,000,000) gold
1,000 g4,705,000
F.c*
1
1890 ; 1,000 Ac b37,064,000
Unified mortgage for $75,000,000 gold..Ce.c*&r Text.
1903 !
i ,000
Collateral trust M call at par after 1908 gold_.Us.c*
23,000,000
1
1891 j
617.000
St Louis property 1st M gold $650,000
SSt c
1,000
t
179
1895
1.000
Mobile & Montgomery joint mortgage gold
Ce.c
4,000,000
4H g
a In hands of public:
b.
total Issued shown In left-hand colum n: bala nee unde r unified mo rtgage.
&
Where Payable, and by
Whom.
j
,
LOUISVILLE
Bonds—Princi¬
!
;
Par
Value.
Road. Bonds.
Lons Island—(Concluded)
21 i 1895
Montauk Extension $600,000 first mortgage ass’d
Unif mortgage gold call at 110
Usm.cAr
316; 1899 ;
316; 1903 '
Refunding M $45,000,000 gold guar p A l.Eq.c*Ar
Leased and Controlled Lines, Principal or Interest Guaranteed.
L I RR No Sh Br cons M $1,425,000 gu p A i_Ce.c*
30, 1892 j
19' 1885
N Y B & Man B 1st cons M $1,726,000 gold guar.Ce
N Y A Rock Beach 1st M $984,000 guar p & l_.Ce
! 1887 I
10>’86-’91
P P A C I 1st and 2d ($96,000 seconds) guar p & I
Long Isl Electrical collat tr M $10,000,000
L'sm
j 1906
Louisiana & Arkansas—Stock $7,000,000 authorized
First mortgage $7,000.000 gold (text)
223, 1902
S.c* Ar
35. 1895
Louisiana A Northwest RR—I>rlor lien, gold
114
1905
First mortgage $10,000,000 gold
MStc*
Louisiana Ry & Nav—First M gold (see text)
198, 1903
F.cAr
45 i 1897
Louisiana Southern—1st M g red at 105 after ’02_Ce.c
106
1881
Louisiana Western—First mortgage gold..
.Ce.c*
101
1901
Louisville & Atlantic—First M gold $1,000,000
K
Louisville Bridge Co—Stock
182
1896
Louisville H & St Louis—1st M $2,500,000 gold..Mo
i 1895
Louisville A Jeff Bridge—$5,000,000 g gu p Al end._c*
Louisville A Nashville—Stock $60,000,000
151 : 1879
E H & N 1st M Hend to Nash g drawn at 110..Ce.c*
802 ! 1880
Louisville A Nashv gen M gold drawn at 110_.Ce.c*
;
p.
[VOL. LXXXIV,
RAILWAY STOCKS AND BONDS
J Bk of Amer, NY; & Louis
S J P Morgan & Co, N Y
A 71 Broad way, New York
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d, e, f, k. see foot-note on nex
,
July 1946
Mar
1 1945
Feb 11 1907 3%
Dec
1 1919
June 1 1930
Oct
1 1907
Nov 1 193F
April 1 1910
Mar
Jan
Jan
Mar
Mar
1
1
May
Nov
July
1
1920
1930
1930
1921
1980
1937
1931
1940
April 1 1923
Mar
1
1916
Sept
1
1945
t page.
The Atlanta Knoxville A Cincinnati division 4s ($50,000,000 authorized)
507 miles, Including 20 miles of trackage.
Of the bonds, an equal
amount will be reserved to retire at maturity underlying bonds, viz., Ken
cover
tucky Central 4s, $6,742,000; Atlanta Knoxville A Northern bonds, $1,500,000; Maysvllle A Lexington Nor. Dlv. bonds, $400,000.
The line from
Livingston to Jellico, 61 miles, Is subject to prior lien of unified mtge.
V. 80. p. 872.
In July 1906 $19,155,000 of these divisional bonds had
been Issued, of which $10,000,000 sold: balance held In treasury.
FINANCES.—Since July 1 1894 the “construction account” has been
closed.
Amount of permanent improvements charged In operating ex¬
penses In 1905-06 was $2,586,630; In 1904-05, $2,562,314.
In Feb. 1904
dividends on Nashville Chatt. A St. Louis stock ($7,177,600 owned) were
resumed, In Feb. 1905 Increased to 5% and Feb. 1907 to 6%.
In
April 1907 purchase of Chattanooga Southern
was pending,
$1,200,000 of 50-year 4% purchase money bonds to be used to pay for the
same, the remaining $800,000 of the authorized Issue to be reserved for ex¬
tensions and improvements.
V. 83, p. 817.
In Meh. 1907 $6,500,000 5 % 3-year gold notes were sold.
V. 84, p. 508.
EARNINGS.—For .the half year ending Dec. 31:
6 Mos.—
Gross.
Other Inc.
Net.
Charges.
Balance.
1906
$765,124
.$23,930,446
$6,635,890
$3,840,658
$3,560,356
1905
21,082,678
6,234,387
777.083
3,482.659
3,528,811
For 8 mos. ending Feb. 28 1907, gross. $31,766,912; against $28,265,179
in 1905-00; net, $8,604,065, against $8,276,636.
REPORT.—Report for 1905-06 In V. 83, p. 811,823; sec also p. 786.
Year ending June 30—
1905.
1904.
1906.
Average mileage
4,131
3,826
3,618
Freight earnings
$31,536,207 $27,732,625 $27,348,817
Passengers
8,985,215
8,619,650
7,043,685
Mall, express, Ac
2,487,574
2,164.796
1,951,291
..
Gross earnings..
$43,008,996 $38,517 071
30,933,464
26,490,021
Operating expenses
Net earnings
Net. inel. Investments, Ac
Taxes
I ntcrcst and rent
Advances to S. A X. A., Ac
.$12,075,532 $ 12,027,050 $11,802,245
13,642,308
13.654,541
13,437,399
985 ,365
921.700
1,145,514
5,719,995
5,476,103
5,613,228
191,573
173,042
67,700
241 ,850
14 6,600
192,990
(6) 3,600,000 (6) 3 .600,000 (5) 3,000,000
.
^
Sinking fund payments
Dividends
.:.
..
$36,943,793
25,141,548
...
Surplus over dividends
$2,748,371
$3,227,0 lo
$3,688,171
OFFICERS.—Chairman, Henry Walters, N. Y., Pres., M. H. Smith.
Louisville: 1st V.-P., W. I,. Mapother; 2d V.-P., A. W. Morrlss, 71 B’way,
X. Y.—(V. 83, p. M I, MS. 8-M, 1037; V. 84, p. M2, 508, 7 19.)
LYKHNS VALLEY RR. A COAL CO.—Owns from Mlllersburg, Pa., to
Wllllamstown, Pa., 20 miles.
Lease to Northern Central Is terminable on
Rental, $35,000 per annum.— (V. 04, p. 330.)
60 days’ notice.
MACON A BIRMINGHAM RY.—Owns Sofkee Jet. to La Grange, Ga.
miles; trackage Sofkee to Macon, Ga., 8 m.
Since Feb. 1 1904 operated
by Ga. South. A Fla. officials, although Independently.
V. 78, p. 584.
In year 1905-06, gross, $164,884; net, .$20,723; other ine., $838; inU
taxes atul rentals, $34,735; bal., def.. $13,169. —(V. 82, p. 628.)
97
MACON DUBLIN A SAVANNAH RR. — Owns road from Macon to Vi¬
Extension report ed to be proposed from Macon to At¬
da iia Ga.. 9 2 miles.
lanta. 80 miles.
Stock, $3,2on,ooo auth.; outstanding, S2.o-lo.000 (par
.
’SO
’90’91 ’92'93'94-*98’99’00’01-’04’05 ’06 1907
5 stk 6
5
4
4
None 3
4 5 y’rly. 6
6 Felt ,3
BONDS.—The Lransv. Pender. A Nashv. bonds are drawn at 110 by lot
annually in Oet. for payment Dec. 1 In amounts Increasing each live years
until $150,000 per year is finally reached; In 1906, $75,000.
The Pensacola Division bonds are subject to a drawing sinking fund,
$5,000 till 1900. tncl.. then $10,000, and so Increasing.
Of the bonds, $175,000 vere drawn for payment on Sept. 1 1905, by "payments to sinking
fund due from Sept. 1889 to 1905, inel.; $20,000 In 1906.
V. 81, p. 265, 726.
The general mortgage bonds of 1880 are called at 1 lo in Increasing amounts
each year; $4 03,000 will b<* paid June 1 1907.
V. 84 p. 749.
In June 1890 the “unified” mortgage (trustee, Central Trust Co.) 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 Improve¬
ments, extensions <at the rate of $32,000 per mile, Including equipment),
and for other purposes. The mortgage covers (besides about 2,200 miles of
road and equipment), $10,093,300 stock of companies controlled and $3,See abstract of mortgage In V. 51, p.
150.000 bonds free from any lien.
613: also V. 72, p. 1034, 1 )88; V. 77, p. 968.
In Meh. 1907 company re¬
ported $59,522,uoo outstanding, of which $4,241,000 In treasury, $18,200,000 deposited to secure the coll, trust 4s of 1903 and $483,ooo In sinking
DJ V ! - f %) ( ’88
LENDS.— /Ostk
,
funds or deposited for other Issues.
See V. 81 , p. 18 18.
Mobile A Montgomery -Louisville A Nashvllle Joint mortgage Is for $5,000,V. 61, p. 196, 750.
000; $1,000,000 reserved for Improvements.
South A North Alabama
Kentucky Central mtge. abstract V. 45, p. 372.
Improvement 5s. due Aug. 1 1936, $2,000,000 authorized, are owned.
The collateral trust 4s of 1903 ($30,000,000 authorized Issue) are secured by
deposit of $24,000,000 L. A N. unified 4s, $4,779,000 L. A N. Paducah A
Memphis division bonds, the latter covering the road from Paducah, Ky.,
to Memphis, Tenn., 254 miles; $2,500,000 L. A N. Terminal Co. 4s (V. 75,
p. 1354), $4,045,000 South A North Alabama 5s and $500,000 Pensacola A
Atlantic 6s; total, $36,640,000 bonds.
A proportionate amount of the col¬
lateral may be withdrawn at any time on delivery to the trustee of not less
than $1 .000,000 of the bonds. V. 76, p. 542; V. 78. p. 287. 1446.
In 1902 the Louisville A Nashville and the .Southern Ry. aegulred $9,796,
900 of the $10,500,000 Chic. Indianapolis A Louisv. com. ana $3,873,400 of
the $5,000,000 pref. stock in exchange for their Joint 50-year 4 % bonds. V.
.
74, p. 1138; V. 76. p. 593. Of the $15,500,000 Joint
of ifils stock, $1,563,000 are reserved to acquire
stock and
at not over $500 .ooo
bonds secured by deposit
the remaining “Monon”
$2,110,000 for improvements and enlargements of the "Monon”
yearly.
acquired in Jan. 1907 by the Seaboard Air Fine Ry., which guaran¬
Of the bonds, $6nn ,nnu are reserx ed
principal and Interest.
V. 84, p. Iu2. 45;i.
V. 84, p. lull.
$268,549; net, $6,8. 178; other Income,
$1,491; taxes, Ac., $10,994; bal,, sur., $53,975.
Pres.. Alfred Walter.
Office, Macon, Ga.—(V. 83, p. 1347; V. 84, p. 51, 102, lad.)
8100).
tees
the in unis,
tor Improvements and betterments.
For year ending June 3<i 1906, gross,
MAINE CENTRAL RR.— Line of road, Portland to Vanecboro, Me., via
Augusta, 251 miles; branches, Cumberland Jet. toSkowhegan, via Lewiston,
pi.; I afli to Lewiston and Farmington, 76 in.; Belfast, I'oxerofi, Bucks
port and \lt. Desert, Including ferry <7.7 in.). 132 in.; Portland A Ogdcnsb’g
Ry., Portland, Me., to Lunenbcrg, 109 m.; small branches, 8 m.; Upper Coob
and Hereford railways, Quebec Jet., N. H., to Lime Ridge, Quebec, 108 m.;
Bath to Rockland (Including steam ferry, 6-10 m.), 49 m.;. total, June 30
1906, 824 miles, of which 396 owned, 387 operated under 999-year leases
and practically owned; 33 m. under 50-year leases and 8 in. ferry lines.
In Jan. 1904 the entire stock of the Washington County Ry., 137 miles,
was purchased, Its 3 % % bonds (see table above) being guar., prln. and lnt.,
by end.; but road Is oper. separately. V. 78, p. 103, 820, 089: V. 79. p. 2640.
In Apr. 1907 control of the Somerset Ry., Oakland to Birch Pt... Me.,
and branch, total
96 ni., was acquired.
V. 84, p. 8ii4.
Stockholders
wen* to vote Apr. 26 on leasing the Portland A Ruin ford Falls RR. (which
see), Oquossue to Rumford Jet., with branch, total, 100 miles, for 999 years.
V. 84, p. 868, 931.
STOCK.—Stock for $2,516,000 owned by Boston A Maine. V. 72, p. 988.
DIVIDENDS.—1884 to July 1003,6% yearly; since to Apr. 1007 7%.
BONDS.—There are also $81,000 Maine Shore Line 6s assumed, due 1923;
also $95,500 Belfast A Moosehead Lake mtge. bonds, due 1920, not guar¬
anteed, Interest and sinking fund paid out of rental; And. A Ken. stock
bonds, $11,000, exchangeable for M. C. stock; Maine Central interest scrip
exchangeable for consol, bonds, $8,192.
Jointly With B. A M. guarantees
$300,000 Portland Union Station bonds.
ANNUAL REPORT.—Report for 1905-06 was In V. 83. p, 814.
9 1
Year end. June 30—
Gross earnings
Net
earnings
Other Income
Net Income
.
.
..
.
,.
-
1906.
1905.
1901.
1903.
$7,655,655
al.349,749
$6,773,560
237,424
$7,099,218
1.962,617
237,049
1,432,017
218,062
$6,541,160
1,132,305
193.324
$1,587,173
$2,199,666
$1,650,079
$1,625,629
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RAILROADS.
For
Miles
Date
Size, or
of
of
Par
Value.
Road. Bonds.
Louisville & Nashville—(Concluded)
Pen & At first mortgage gold drawn assumed
c*
Henderson Bridge Co—1st M g drawn at 105_Ce.c*
Nashv Flor & ShefI 1st M g assumed In 1900..Ce.c
Sou & Nor Alabama 2d M gold sink fd $2,000,000
Consol mortgage (for $10,000,000) gold guar.Ce.c*!
Newp & Cln Br 1st M g s f ass’d gu by Penn RR..F
L & N-So joint M $7,750,000 red 1907
S.c*&r
160:
1881
___! 1881
1,000
1,000
105| 1887
1.000
189
189!
1880
1886
___| 1895
i 1902
220
1887
Kentucky Central 1st M ($7,000,000) gold.. Mp.c*
Atlanta Knoxville & Northern 1st M gold
Ce
228| 1896
Consol mortgage gold $10,000 per mile
228! 1902
Us
L & N—Atl Knoxv & C Dlv M $50,000,000
487: 1905
Us|
90 i
Purchase money M on Chatt South $2,000,000 gold.:
1907
Notes $6,500,000 gold
c&r,
Louisville New Albany & Chicago—See Chicago Indl anapo lis & L
19
Lykens Valley—Stock.
Rental pays 5%
97
1896
Macon & Birmingham—1st M $500,000 gold. .OB.c
Macon Dublin & Sav—1st M $1,840,000 g gu p&L N.c*
92
1907
Maine Central—Stock and scrip ($12,000.000)
.
First consolidated mort-1 ($269,500 are 5s)
304
c&r
J ($3,265,500 are 4s)
c&r
Collateral trust bonds for Mt Desert Branch..AB.c
Improvement bonds “A” & "B” not mortgage s f._
Maine Central Eu & No Am refunding mortgage gold
First M Penobscot Shore Line RR Co assumed
K & L second mortgage (for $400,000) assum.BB
European & Nor Amer stock 5 % rental 999 years..
Portland & Ogdensburg stock (2 % rental 999 years)
Cons M ($800,000 are 3J^s) guar p & 1 end..BB,c
Portland Union Station series “A” & “B” (text) s f:
Dexter & Piscataquis stock 5 % rental 999 years
j
First M Dexter to Dover etc guar by end
BBj
Hereford Ry stock (rental 999 years)
First mortgage guaranteed p & I (endorsed)
i
Upper Coos RR stock 6 % rental 999 years
_
/1872
\1872
$9,000,000
41
1883
’86-’87
56
1893
48
1890
48
1891
120
•
—
-
'
....
109
109i
___
17
17
53
53
55
22
33
I
1888
’87-’89
1889
1890
First mortgage guaranteed p & 1 (endorsed)
|
1890
Extension M $21,000 d m guaranteed p & 1 (end),
Issues
etc.,
$22,458,000 In treasury or pledged for otherj
I $8 08,000
$31,000 d $76,000 e $30,000 f $15,000 g $424,000
1906.
1905.
$617,960
551,186
(7)348,369
13,440
Sinking fund
App. Bangor Terminal./See foot-\
Charged oft
1 note a. J
$631,860
545,876
(7)348,365
144,694
$643,110
545,876
(6)298,575
29,440
300,000
50,000
Bal., surplus
$56 218
$178,871
$83,305
$108 628
(/Operating expenses In 1905-06 Include $1,262,581 extraordinary ex¬
penditures, against $191,764 In 1904-05, when $350,000 was also charged
against net Income for similar purposes.
V. 84, p. 868, 931.
MANCHESTER & LAWRENCE RR.—Owns from Manchester, N. H., to
Methuen (State Line), 22 M miles.
Leased for 50 years from Sept. 1 1887 to
Boston & Maine at rental paying 10 % dlv.
In 1895 & dlv. of 50 % paid from
proceeds of C. & M. suit.—(V. 73, p. 1264.)
MANHATTAN RY. (ELEVATED).— (See Map Interborough Rapid Tran¬
sit Co.)—Owns all the elevated railroads In boroughs of Manhattan and the
Bronx, N. Y. City, main line and branches, 37H miles, double-tracked, with
14 miles additional third track, sidings, &c. V. 70, p. 176, 633.
Late In
1902 began using electric third-rail on entire system.
V. 75, p. 733.
LEASE.—The Interborough Rapid Transit Co. leases the road for 999
years from Apr. 1 1903, guaranteeing 7% per annum on the stock. V.75, p.
1202, 1302; V. 76, p. 212; V. 79, p. 2456; also Interborough Rapid Transit
Co.. V. 76, p. 101.
Guaranty, V. 76, p. 480.
STOCK.—On Nov. 28 1906 $4.800,000 stock was sold, raising the amount
to the $60,000,000 authorized.
V. 83, p. 1228, 1291; V. 84, p. 271.
BONDS.—Consolidated mortgage (trustee. Central Trust Co.) Is limited on
present mileage to $40,000,000, and will provide for prior bonds when due.
Amounts beyond $40,000,000 may be Issued for extensions at the rate oS
$300,000 per mile of single and $600,000 per mile of double track.
(See
abstract of mortgage In V. 51, p. 248, and compare V. 52. p. 353.
To May 1898 claims aggregating $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; V. 82, p. 1380; V. 83, p. 1171.
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 Oct. 1906 (other than franchise tax),
per balance sheet, $347,940.
V. 76, p. 212.
In Jan. 1907 franchise taxes
for 1900 to 1905 ($3,170,142) were paid.
V. 84, p. 271.
DIVIDENDS.—1 ’89. *90-96. *97. ’98. *99. ’00.
Since 1888
%)5Yx 6 y’rly. 4**
4
4
4
EARNINGS.—For 6 months ending Dec. 31:
01. ’02. ’03.
4
4
Since.
7Ji 7%y’rly
Gross.
6 Mos.—
Net.
Other Inc. Chgs. & div.
Balance.
1906
$6,727,104
$4,007,830
$189,280
$2,507,941
$1,689,169
1905
6,097,761
3,390,539
186,017
2,568,694
1,007,862
Year ending June 30—
1906.
1905.
1904.
Gross earnings
$12,794,720 $13,198,292 $14,187,685
Net over operating expenses
7,372,006
7,651,354
8,341,634
Other Income
363,308
300,552
341,504
3,007,515 -2,893,412
Interest, rentals and taxes.
3,181,554
Dividends
(7)3,864,000 (7)3,864,000 (7)3,864,000
_
■
Rate
When
%
Payable.
il
,523 000!
1,372,0001
kl,996,000!
6
6
5
6
5
4
4
4
5
4
4
4
5
g
g
g
g
1,000 Own L & N;
g
1,000 m 3,247,000
Vi g
1,000
1,400,000!
1,000 &c n 5 870.500
g
1,000
J6,698 .000
g
1,000
999,000
g
l .000
500,000
g
g
1,000 &c 10.000,000
i
e
1,000 &c
6,500,000
g
oulsvllle
i
20
600,000 5 In 1906
5 g
1 000
500,000
5 g
1,000
1,240,000
7
In
1906
100
4,988,000
5 & 7
100 &c
4.193.500
100 &c
4.790.500 4 &
5
669,000
1,000
1,000
450,000
4H
4 g
1,000,000
1,000
4
1,000
1,300,000
5
1,000
400,000
5
100
2,494 100
100
2
4,392,538
2,119,000 3H & 5
1,000
300,000
1,000
100
5
122,000
4
175,000
1,000
100
800,000
1.000
800,000
100
6
350,000
4
350.000
1,000
693,000
4K
1,000
Additional amounts
See text.
J $44.0 00
k$i00 .000 m $
1903.
1904.
$643,110
545,876
(7)348,348
29,440
Amount
Outstanding
_
_
1
1890
b Also
Interest
Rents
Dividends
INTEREST OR DIVIDENDS.
i
explanation of column headings, &c., see notes
on first page of tables.
gage,
| VOL. LXXiJV
RAILWAY STOCKS AND BONDS.
86
Surplus after dividends
$689,760
$1,925 726
$1,089,392
(Y. 83, p. 970, 1037, 1098, 1171, 1228, 1291, 1347; V. 84. p. 271.)
MANILA RY. (1906)
Ltd.—ORGANIZATION.—To. own (per plan
V. 83, p. 1470) practically all the bonds and shares Issued by the Manila
RR. of New Jersey.
The latter will build about 420 miles of road on the
Island of Luzon. Philippine Islands (V. 83, p. 1348), and take over the pres¬
ent system, 208 miles, operated by the Manila Ry. (old Co.), total to be
628 miles.
Incorporated under laws of Great Britain. Speyer & Co. and
others are furthering the enterprise.
STOCK.—Ordinary shares authorized, £2,000,000; 5% non-cum. prefer¬
ence shares, with preference as to principal In case of liquidation,£2,000,000,
all of £10 each.
Of ordinary shares, £1.600,730 Is reserved for the new Co.
DEBENTURES.—The “A" and “B” 4% debenture bonds are secured by
the same trust deed and are a first and*'second charge, respectively.
The
“A” debentures are subject to call after 1925 at 105.
Denominations of
—
debentures, £20, £50, £100 and £200.
Total Issuable on 628 miles, £3,000,000 each of “A” and “B” debentures, of which there are now to be Is¬
sued £1.600,000 “A” and £1 .730,000 “B.”
Additional amounts of each class beyond the £3.000,000 may be Issued
H. L. Higgins will be Pres, and Gen. Man. of the Am. Co.—(V. 83, p. 1470)
&
&
&
<F
jM
IF
A
F
J
J
J
M
M
&
&
&
&
&
&
&
&
M
&
J
\
Where Payable, and by
Whom.
A 71
S
A
Broadway
do
do
do
do
do
,
Bonds—Princi
pal, When Dui
Stocks—Last
Dividend.
New York Aug
do
Sept
do
do
O
do
A
do
J
J J P Morgan & Co. N Y
J 71 Broadway, New York
do
do
D
do
do
S
N
do
do
1
1
1
Aug
April 1
Aug 1
July 1
July 1
July 1
Dec
Mar
1
1
May
1
1921
1931
1937
1910
1936
1945
1952
1987
1946
2002
1955
50 years
.
Q—J
J
J
&
&
Mch
S
Office, 13 William St.NY Apr
J Old Colony Trust. Boston July
J New York Trust Co, N Y Jan
Office, Portland, Me.
O I Second National Bank, f
O j
Boston; & Portland )
D Am L & Tr, Boston
J 2d Nat Bk, Bost: i Port
J Boston and Portland
A Second Nat Bank, Bost
do
A
do
O Treasurer’s Office, Bang’r
28 Maine Cent Off, Portland
N 2d Nat Bk, Bost; & Port
J Portland, Me: & Boston
J Office, Dover, Me.
J 2d Nat Bk, Bost; & Port
N Maine Cent Off, Portland
N 2d Nat Bank, Boston
N Office, Portland. Me
N 2d Nat Bk, Bost; & Port
N Office, Portland, Me.
ow ned by the Co. on July 1
n $43,000.
00 0
Q—J
A
&
&
&
&
&
&
&
&
Q—F
M
J
J
J
M
M
M
M
M
&
&
&
&
&
&
&
&
&
were
4,753
1
1910
1 '07 1 X %
1 1946
1
1947
Apr 1’07 1H%
April 1 1912
April 1 1912
“
June 1
July
1923
1916-1917
1 1933
Aug 1 1920
Feb
1 1921
Apr 15 *07 2^
Feb 28 ’07
Nov 1 1908
June27-Jan 29
Jan ’07 2^ %
Jan
July
1
1929
May 1907 2 %
Nov
1
1930
May 1907 3%
May 1 1930
May 1 1930
1906, viz.:
Equipment notes Dec. 31 1906 $30,000.
Paid on Incomes 1901 3%; since
inclusive, 4 % yearly.
EARNINGS.—8 mos., /1906-07
Gross, $234,>28; net, $78,364
July 1 to,Feb. 28:
11905-06
Gross,
241,467: net,
83,771
Surplus over charges, $40,291; against $47,104 In 1905-06.
REPORT.—Report for year end Dec. 31 1905 In V. 83, p. 509. - In 1906,
gross. $354,354; net. $116,857; lnt. on bonds, &c., $82,002; miscellaneous.
$1,099; bal., sur., $33,755.
Pres., John Wilson Brown.—(V. 84. p. 390.)
MASON CITY & FT. DODGE RR.— (See Map Chicago Great Western.) —
Owns road from Oelwein, la., to Council Bluffs. 260 miles; Haylield, Minn.,
to Clarion, la., 100 m.; branches to Lehigh and Coalville, la.. 18 m.; track¬
age, Council Bluffs to South Omaha, 7 m.; total, 385 m.
The Chicago Great
Western owns the entire outstanding com. stock ($19,205,400 of the au¬
thorized $20,000,000) and the non-cum. 4 % pref. stock ($13,635,752 of the
$14,000,000 authorized) and operates the road as part of Its main line to
Omaha, under a 100 year agreement dated April 1 1901 and later modified,
the M. C. & Ft. D. receiving 60% of all earnings from business Interchanged.
Any surplus of net earnings after payment of Interest on bonds and pref.
stock Is to be held In trust by C. G. W. for payment of future coupons.
This surplus on June 30 1906 amounted to $1,062,976.
In 1905 $12,000,000
4% bonds were sold.
Compare Cldc. Great Western Ry. and V. 73, p.
566, 616, 722; V. 77. p. 640.
Report for
V. 78. p. 1782; V. 80. p. 2621.
year ending June 30 1906 In V. 83, p. 632, showed, gross, $1,863,456; net,
$667,476; charges, $530,280; bal., sur., $137,196. —(V. 80, p. 1380.)
MASSAWIPPI VALLEY RY.—Province Line to Lenoxvllle, Que., 34
miles, with branch, 3 m.; trackage to Sherbrooke, Que., 3 m.; total. 40 m.
Leased for 999 years from July 1 1870 to the Connecticut & Passumpslc
Rivers RR.
Stock, $800,000; par of shares, $100; dividends payable Feb.
and Aug. 1. Dividends, formerly 5%, 6 % since Jan. 1 ’97.
Of the stock,
$400,000 owned by the Conn. & Pass. River Is deposited under Its mtge. and
$50,000 Is represented by Connecticut Trust & Safe Deposit Co. of Hartford
(See “Supplement” of October T901.)
5% trust certificates.
MEADVILLE CONNEAUT LAKE
&
LI NES VILLE.—Meadvllle to
Llne8ville Pa., 21 miles, and branches, 2 miles; total, 23 miles.
Leased
to June 8 1989, to Pittsburgh Bessemer & Lake Erie RR.; rental. 25% of
gross earnings.
Stock, $200,000; par, $50.
MERIDIAN TERMINAL CO. —Owns passenger station at Meridian,Miss,
opened Sept. 1 1906, and used by the Southern Ry., Mobile & Ohio, New
Orleans & Northeastern RR., Alabama & Vicksburg and Alabama Great
Southern, which own one-fifth each of the $25,000 capital stock and guar¬
antee the bonds jointly and severally by endorsement.
President, C.C
Harvey; Secretary, W. J. Kellcher. — (V. 83, p. 1229.)
MEMPHIS RR. TERMINAL CO.—V. 84, p. 670.
MEXICAN CENTRAL RY. LIMITED (MEXICO) .— (See Map.)
to 1906,
Owned—
Mexico City to Juarez
Mexico to Rio Balsas
Chlcalote to Tampico.
Miles.
Owned—
1,224 Jimenez
City
181
—
Tampico to Paredon
Branch, Irapuato to Ameca
Branch, Guadalajara to Tux-
407
370
217
to
Rosario
Other branches
Leased—
Mexico Union Ry.
Bar extension (Tampico to
Barra)
Miles.
95
585
11
La
6
pan
120
San Pedro to Paredon
138
Total
In Aug. 1905 an extension was proposed
Mexico, to near Tampico. 225 m.. Including
3,355
July 1906
from Lecherla, near City of
the Pachuca Zacaultlpan &
Tampico Ry. (purchased), Sandoval to Apulco, &c., about 62 m., tbe un¬
constructed portion carrying a subsidy of 5 % Mexican Government silver
bonds at $10,000 per mile.
Coahuila & Pacific RR., Saltillo to Torreon,
Mex., 200 miles, was acquired In Aug. 1905, an extension from Saltillo to
Paredon, 47 miles, being completed Sept. 1906.
V. 80, p. 1856; V. 81, p.
726, 1792; V. 83, p. 1466.
On Sept. 1 1905 acquired most of stock of Mex.
Nat. Construction Co., owning road from Zacatecas to Ojacallente, 30 m.,
and Manzanillo to Colima, 60 m., a connecting line to be built from Tuxpan
to Manzanillo, 102 miles, forming a through line to the Pacific Coast.
V. 79,
p. 1957; V. 80. p. 1172,2621; V. 81. p. 31.726. 1792; V. 83. p. 1466.
ORGANIZATION.—Incorporated Feb. 25 1880 under the general law of
Massachusetts, and also holds a charter from the Mexican Government.
Debt
In
readjusted In 1889—see V. 48,
p.
191,292, 327.
Apr. 1907 consolidation of the Mexican Central Ry. and the Nat. RR.
on
of Mexico was pending, the Mexican Government to acquire control of the
consolidated company, to be known as the United National Railways of
Mexico.
The new company will Issue prior Hen 50-year 4% and general
mortgage 70-year 4% bonds, the latter to be guaranteed, principal and In¬
terest, by the Mexican Government.
A syndicate has been organized to
buy the bonds of the company at a given figure and then offer them In ex¬
change to the holders of the present securities of the Mex. Cent, and Nat.
RR. of Mexico.
The Mex. Cent, consol. 4s will be offered a certain amount
of each class of new bonds and stock.
V. 83. p. 1470; V. 84, p. 51.
of reorganization formulated to July 1906.
For year 1903: Gross earns.,
$130,936; net. $1,890; lnt. on bonds, $51,667; def., $49.776.—(V. 81.p.975.)
trustee for the payment
MAN1STIQUE MARQUETTE & NORTHERN RR.—Manlstlque, Mich.,
Lake Michigan, northerly to Shlngleton, on the Duluth So. Snore & At¬
lantic, 40 m., with branch to McNeil's, 13 m.: V. 75, p. 185.
Operates car
ferries between Manlstlque and Northport and Manlstlque and Ludlngton on
Pere Marquette RR.
Stock $2,000,000, of which the Grand Rapids &
Indiana owned $1,898,800.
V. 82, p. 1098.
Sold In foreclosure on Sept. 21
1905.
V. 81, d. 975; V. 78, p. 2012; V. 74, p. 776; V. 76, p. 810.
No plan
MANISTEE &
MANITOU
&
GRAND RAPIDS RR.—See page 179.
PIKE’S PEAK RY.—See page 179.
MARICOPA & PHOENIX & SALT RIVER VALLEY RR.—Maricopa to
Phoenix, Arlz., 36 miles; Tempe to Mesa. 7 miles: total, 43 miles.
Acquired
at foreclosure sale Deo. 1906 by Southern Paclllc Co.—(V. 83, p. 687.)
MARYLAND DELAWARE & VIRGINIA RY.—See page 179.
MARYLAND & PENNSYLVANIA RR.—Baltimore, Md., to York, Pa.,
V. 72, p. 339.
To be
equipped electrically at least from Baltimore to Belalr, 26 m. V. 82, p.138
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 was reduced from $2,700,000 to $1,200,000, of which $203,000 are
reserved to retire the York and Peach Bottom 5s and $97,000 addi¬
80 miles, with branch. Delta to Peach Bottom, 4 m.
tional for future purposes, &c.
land & Pennsylvania Terminal
V. 74, p. 94, 427* V. 79, p. 2205. Mary¬
guaranteed bonds, V. 82, p. 1041, 1102.
SUBSIDY.—The balance of the subsidy trust fund In the hands of the
of lnt., If needed, on 1st consol. 4s, on June 30 ’06.
consisted of $2,636,000 of priority mtge. bonds at cost, $2,882,562 and
$2,439 cash, $1,000,000 priority bds. (cost $1,093,916) having Deen wlthdiawn from the fd. during the yr. end. June 30’06 to pay lnt. V.83,p.l466.
STOCK.—Authorized, $32,000 per mile or $100,000,000 In all; par, $100.
In July 1906 $11,285,000 new stock was listed and $328,200 additional
was Issuable for new acquisitions; total, $59,454,300.
V. 81, p. 1792.
BONDS.—Of the authorized Issue of $8,000,000 priority bonds $1,403,000
were paid off with subsidy collections, and canceled In 1891; $1,000,000 was
reserved for additional rolling stock; the balance, $5,597,000, was held as
an Investment by the trustee of the consol, mtge., but $1,961,000 waa
withdrawn In 1904-05 and $1,000,000 In 1905-06 toward payment of Inter¬
est on outstanding consol. 4s; on June 30 1906 $2,536,000 of the $2,961,000
had been sold and $425,000 was In the treasury.
V. 52, p. 390; V. 79. p.
103; V. 82, p. 1497: V. 83, p. 1466.
(See abstract of mtge. In V. 49. p. 177.)
Both series of Incomes are non-cum. and secured by one Indenture to the
First Incomes received 3 % Interest In
American L. & T. Co. of Boston.
1890, 1891 and 1892; none since.
V. 72, p. 627, 880.
88
INTEREST OR DIVIDENDS.
RAILROADS.
Hies
For
VOL. LXXXIV.
RAILWAY STOCKS AND BONDS
explanation of column headings Ac.,
on first page of tables.
of
see notes
Size, or
Par
Value.
Date
of
load. Bonds.
Bonds—Princi
pal, When Due
Rate
Amount
When
Payable.
Outstanding
Where Payable, and by
Whom.
Stocks—Last
Dividend.
"
Maine Central—(Concluded)
Dexter A Newport stock 5 % from Nov 25 1898
First M (old 6s refunded In 1897) guar p & 1 end..*
Eastern Maine stock 4 y? % rental 999 years
Wash Co 1st M $20,000 p m gold guar (end) red
Manchester & Lawrence—Stock 10 % rent till '37 13AM
Real estate bonds (not mortgage) lnt gu by B & M.c
Manhattan (Elevated) Ry, N Y—Stock $60,000,000.
14
14
19
157
22
100
80378
37
23
-
-
.138
,1381
,138
—
j
I
615
880
880
i
_
1878
1886
1890
1902
1891
1905
1882
1901
1901
1906
1905
£ & $
1,000
1,000
Ac
,0001
1,000
1
1 .000
50 &e
1,000
1
16
1891
1905
1881
1889
1889
1889
1889
1881
1905
1906
000
1,000
1897
1899
1897
1897
1897
....
1
1,000
,000 Ac
1,000
1,000
1,000
1,000
1 ,000
1,000
5,000
1,000
$500 Ac
500
Ac
....
18.)9
Gross earnings (Mexican currency) .$28,376,806
Operating expenses.
19,810,645
$8,566,161
$26,097,699
17,599,176
$26,002,202
19 619,872
$8,498,523
$6,382,330
A
A
Jan
1954
1
1922
Apr 1 '07 1 M %
July
1
1908
Mar
1
1916
April 1
1990
May
1
Oct
Feb
1
1
M
A
A
A
A
A
July
Old Col Tr Co, Bost& Lon April 1
do
do
Oct
1
Speyer Bros, "London
Sept
;m
Speyer & Co, New York Sept
do
do
Sept
Owned by Nat RR of Mx Sept
4,499,000 4 In 1906
Sept 1
6 g
Morton
Trust
b$340,00O
F
A
Co, N Y
&
Aug
g
1917
1919
1 1947
1 1977
1 1977
1 1977
1 1919
RR.— (See
Map, page 101.)—Operates
Oth.inc.
Int.on
MEXICAN NORTHERN R Y.—Owns from Escalon, Mexico, on the Mexi¬
Central Ry., to Sierra Mojada, 83 miles, all steel.
of shares, $100;
see
application
listing on N. Y. Stock Exchange In full, V. 64, p. 619.
DIVIDENDS.1 *92
’93
'94
’95
’99
'00
'01
'02
’03 None
Percent
1
4 yearly.
.} 6 4
6
6
5
Since.
4H
2
BON DS.—Mtge., $1,660,000, of which $786,000 In s. f. Dec 31 1906.
REPORT. —For year ending Dec. 31. U. S. currency:
Year—
Cross.
Net.
Oth. inc.
Su rplus.
Charges.
1 906
$328,816
$210,505
$46,503
$116,040
$140,968
1905
352,799
230,712
42,705
119,516
153,901
(V. 72, p. 581, 1011; V. 74, p. 1089; V. 77. p. 2098; V. 83, p. 1344.)
MEXICAN RY.—MEXICAN SOUTHERN RY.—See page 179.
-
—
MICHIQAN CENTRAL RR.— (See Maps New York Central A Hudson
River.)—LINE OF ROAD.—Main line—Kensington to Detroit. 270 m..
aud Windsor to Suspension Bridge (Canada Southern), 226 m.; total main
line, 496 miles.
Branches owned and leased, 1,235 m.; tr
-,e (Ill. Cent.)
21,730,264
$4,545,324
$4,947,328
566,310
2,073.850
1 .001,741
317,599
(5)936,900
w7as
raised from
Jan. 1907 $10,000,000 3-year 5%
Mcli. 31,
gross,
$0,718,518 in
1906 was in V. 84.
p.
864, 874.
1905.
1904.
$23,283,868 $21,492,945
18,865,916
17.041,014
$4,417,952
$4,733,764
561,202
2,015,320
962,002
1907,
1903.
$22,552,201
17,973,470
$4,451,930
$4,515,401
541,310
1 ,989,663
1,111,653
$4,578,730
$4,633,662
521,398
1,978,642
888,851
(4)749,520
(4)749,520
221.785
(4)749,500
$50,928
$123,255
$495,253
$223,934
Pres., Wm. H. Newman, N. Y. — (V". 84, p. 271, 339, 693, 864. 874.
MIDDLETOWN UNION VILLE & WATER GAP RR.— (See Map Erie
RR.Co.)—Owns from Middletown, N. Y.,to Unionvlllc, N. Y., 13,65 miles.
Smelt, $149,850; par, $50.
Controlled, through stock, by N. Y. Susq. A
West., which pays lnt. on bonds.
In year ending June 30 1906, gross, $68,250; net. $25,670; charges, $22,2(V7; sur., $3,463.—(V. 64. p. 664.)
MIDLAND VALLEY RR.—Owns and operates from Excelsior, Ark.,
south to Hoyc, Ark., and north to Fidelity, Ark., also from Excelsior west
to Silverdale, Kan., a total of 293 m.; also operates under trackage from
.Maney Jot., Ark., to Ft. Smith, 16 m., and Silverdale to Arkansas City,
Kan., 9 ra.; total operated, 318 miles. See V.78, p. 702, 1109; V.80, p.2345.
The Cherokee Construe. Co., with $3,500,000 stock, Issued $5,000,000
3-year 6 % gold notes due Dec. 1 1907, which are secured by all the stock
and bonds of the Mid. Val. and mtge. on 18,500 acres of coal lands; they are
redeemable at 102 'a.
V. SI, p. 1610.
The tonnage from 30,000 additional
.
Is controlled.
Stock authorized, $9,000,000; outstanding, Nov. 1900, $5,854,000; par
of shares, $50.
Bonds are subject to call at 107 4 to and Including Jan. 1
1910.
For year ending June 30 1906 (i‘G 1 average miles), gross, $527,769;
net, $22.155.
Pres., Charles E. Ingcrsoll; Sec. and Treas., H. E. Yarnall.
acres
Balance
can
expenses
In
Surplus
STOCK.—Authorized $25,000,000; Issued Jan. 1907, $20,708,200.
BONDS.—In 1897 reorganized.
Of consol. 4s $2,497,000 were in Jan.
1905 reserved for extensions at $10,000 per mile and Improvements.
The
total Issue of consols is limited to $16,000,000.
The National RR. of
Mexico under agreement of June 30 1902 has stamped $6,501,000 of the
consols as guaranteed, prin. and lnt., these being also subject to call at 95
and lnt. on or before Mar. 1 1907.
V. 75, p. 185. Of the consols, $3,000,000
are deposited as collateral for the Nat. HR. of Mex. 5% notes.
V. 77.
p. 769.
Prior lien 4Hs, 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%, was paid for 1902 to 1906 Inclusive.
EARNINGS.—Mex. cur.j 1906-07 .Gross, $5,303,141; net, $1,711,178
July 1 to Feb. 28 (8 mos.) ] 1905-06..Gross,
4,538,696; net,
1,994,487
(U.S.cur.)
Inc.
bonds.
sit rplus.
$1,658,468
$829,234
$569,499
$16,020
$275,755
1,217,047
602,560
16,199
343,004
275,755
Report for the half-year 1905-06 was in V. 83, p.. 1092, 1121, 1069.
ANNUAL REPORT.— Report for year ending Dec. 31 1905 was given at
length In V. 82, p. 800, 814; see also editorial, p. 779.
In 1905 gross on
average of 884 miles, $6,519,162 (Mexican currency); net, $2,663,485; In
U. S. money, net, Including other Income, $1,352,784; lnt. on bonds, $551,510; miscellaneous (net) Items, $16,452; Interest on Incomes, $179,960;
balance, surplus, $604 ,862.
Pres., E. N. Brown.
New York office. 60 Wall
St. - (V. 81, p. 1792; V. 82, p. 1497; V. 83. p. 1092, I 121, 1408.)
MEXICAN NATIONAL RR.—See National RR. of Mexico.
under general law
Y. C. & H. R. RR. Co. In April 1898
bonds for $100 stock, and so holds
FINANCES.—Tn Jan. 1907 dividend rate
Interest on debt
Taxes
Interest on loans, Ac
Dividends
of Connecticut.
In April 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.
Sec V. 76, p. 1192.
.
CONTROL.—-Re-incorporated
Net earnings
Mex. Cent., to Durango. 540 m., with branches, 117 in.; Reata to Monte¬
rey, 72 m.; branch to Tiahualilo, 43 m.: branch, Durango to Tepehuanes
via Santiago Papasquioro, 135 m.; Carbon branch, 4 m.; total, 911 m.
June 30 1906, including Coahuila Coal Ry., Baroteran to Musquiz, 24 m.,
Dasd for 15 years from May 1 1906.
V". 83, p 1112.
Branch, Sabinas,
Mex., to Rosita, 10 miles, was opened Feb. 1907.
Organized under laws
1
May 1 1907 5 %
.j
Net, inel. other income.
Rentals pald.l
Eagle Pass, Tex. (on Southern Pac.), and Ciudad Porfirlo Diaz, via Torrcon
par
5 g
3 g
4 H
4 g
4 g
050.000
Operating
on
STOCK.—Capital stock Is $3,000,000;
.
._
5,850,000
705,500
6,501,000
GENERAL
Total deductions
$5,058,114
$5,476,955 Balance, surplus for vear. $418,841
.Chairman of Board, H. Clay Pierce; Temporary Pres., Eben Richards.
Executive Committee: II. Clay Pierce (Chairman of Board), A. A. Robin¬
son. F. H. Prince, C. D. Simpson. Eben Richards, E. N. Foss.
Office. 25 Broad St., N. Y.—(V. 84, p. 51, 271, 570.)
for
1,482,680
500,000
May 1907 2H %
Jan
1952
1909
1955
April 1 1932
Mar 1 1951
April 1 1951
May 1 1936
June 1 1955
Feb 1 1907 3 %
July 1 1921
May 1 1955
July 1 1911
July 1 1939
SafeDep & TrCo, Boston July 1 1911
None paid,
Jan 10 1939
do
Jan 10 1939
do
July 1 1911
Co.’s Off,25 Broad St,NY" Sept 1 1908
1 1910
4% to 6% yearly; V. 83. p. 1411.
notes were sold; V. 84, p. 271.
EARNINGS.—For 3 mos. ending
against $6,304,144 In 1906.
ANNUAL REPORT. — Report for
Year ending Dec. 31—
19of>.
Gross earnings
$26,275,588
Total available
Net.rev.
&
&
A
A
A
&
Me.
$16,814,300 of the $18,738,000 stork Issued.
DIVIDENDS."1 '83 '84 '85-86 '87-89 '90 *91 ’92-94
'95 to Jly '06 1907
Percent— J 5
nil. 4 y’rly. 5
3
5 5Hy’rly.
4 y'rly.
Below.
In Jan. 1907, 3% (seml-an.).
BONDS.—Battle Creek A Sturgis bonds for $500,000, but of this $79,000
was sub-guaranteed by the Lake Shore & Mich. So., 7 miles of the B. C. & S.
being operated by that company.
The $1,740,000 3Hs of 1901 are a 1st
mtge. on the Jackson Lansing & Saginaw7 RR., 350 miles (V. 73, p. 1061;
V. 76, p. 1027).
Of the $18,000,000 33^s of 1902, $10,000,000 were sold
to retire first 5s and 7s, $4,000,000 additional being sold; $5,000,000 re¬
served for additions. Ac.
V. 74, p. 728; V. 76. p. 102, V. 83 p. 1229.
Toledo Canada South. & Detroit guar. 4s of 1906, see V. 82, p. 930.
The Detroit River Tunnel bonds, authorized issue $15,000,000 (see above)
hearing interest at notexceedlag 5%. will be guaranteed by the Mich. Cent
V. 82, p. 868 1156.
$4,287,862
$2,886,846
$4,118,173
INCOME ACCOUNT FOR YEAR ENDING JUNE 30 1906.
U. S. Currency.
.Net earnings
Deduct—
$4,287,862;
Interest on Tampico liarj Tamp.Harb.Co. rent. acct. $161,746
bor Co. bonds
139,325 | Interest on bonds
3,952,582
Net Inc. Coah. A Pac. RR.
19,971 j Accts., Ac., charged oil..
142,775
Mlsc. lnt. & other Income.
29,796 Discount on gold notes...
105,465
Withdrawn from sub. fund 1 ,000,000 Betterments & Improv'ts.
695,546
A O nr.
(M< r.cur.)
A
F
5 g
5
4 g
ORGANIZATION.
Years ending June 30
1905-06.
1904-05.
1903-04.
6 mos. toTot. rec'ts.
June 30.(M ex .cur.)
1906
.$4,037,533
1905... 3,242.482
5
Q1—.
Office, Rockland
in Dec. 1901, V. 73. p..-1208.
The N.
gave. $115 In Its 3 H % 100-year gold
1903-04.
INTERNATIONAL
Treas Offlce*Portland,Me
Manchester and Boston
Boston & Me RR, Boston
21 Park How', New York
Mercantile Trust Co, N Y
do
do
do
do
May 1903 coupon last pd
See text.
Treasurer's Office, Phila
First Nat Bk, York. Pa.
Brown Bros, NY: 4 Balt
do
do
Alex Browm A Sons, Balt
Blair & Co. New7 York
S D & Tr Co, Boston
Merch Nat Bk, Meadv.Pa
New York
Safe Dep & Tr Co,Boston
company, but will be operated Independently.
V. 84, p. 50.
For contract
with Canada Southern see that company.
In July 1906 the Michigan Central was building a third-rail electric tunnel
road under the Detroit River from Windsor, Ont., to Detroit, Mich,, 2.42 m.
long, under the charter of the Detroit River Tunnel Co., to cost between
$8,000,000 and $10,000,000, to be leased.
V. 80, p. 2343; V. 82, p: 1156;
V. 84, p. 339.
EARNINGS.—Mex. cur.1 1906-07 ..Gross, $19,628,866; net, $5,587,041
July 1 to Feb. 28 (8 mos.) j 1905-06. .Gross,
18,185,422; net, 5,328,790
ANNUAL REPORT,—Fiscal year ends J une 30.
Report for year ending
June 30 1906 was In V. 83, p. 1465.
The gross earnings below are Mexican
currency', all other figures United States currency.
Mexican dollars averaged
50.05c. In year ending June 30 1906, 48.41c. for llseai year 1904-05, and
MEXICAN
&
&
&
Chicago under perpetual lease, 14 m.; total, J.an. 1 1907, 1,745 miles.
There are 512 m. of second track and 1,210 m. of side tracks.
Owns $3,000,000 of the $20,000,000 stock of Chicago Indiana & South¬
ern, wdilch see.
In Dec. 1907 the Chicago Kalamazoo A Saginaw Ry.,
Pavilion to Woodbury, Mich., 55 miles, was acquired In the Interest of the
will be secured by deposit o $1,200,000 priority 5s, $5,000,000 Mex. Pac.
1st guar. 5s, $2,500,000 Tampico Harbor 1st guar. 5s, $41,000,000 consol.
4s and $5,000,000 1st consol, incomes.
The coll, trust issues, each $10,000,000 maturing 1907 and 1908, had the right of exchange on certain terms.
V 82. p 1497: V. 83. p. 156.
-Net earnings (Mexican currency)
Net earnings (U. S. currency)...
3 H g J
10
M
4
J
7
0 £
J
5
M
4 g
A
M
5 ff
Into
—
1906, in addition to the $66,880,000 consol. 4s in hands of public,
some $41,000.000 had been, or were to be, deposited as part collateral for the
$33,000,000 coll, trust notes of 1906.
See below.
In June 1906 $33,000,000 of 5% coll, trust notes were sold
maturing
July 1910, part of an Issue of $35,000,000, to be used in part to refund the
$29,000,000 coll, trust Issues maturing in 1907 and 1908.
The present Issue
in
1
Treasurer’s Office,Portl’d Jan 1907 2H%
2d Nat Bk, Bost & Port Sept 1 1917
M
A
M
A
A
900 000 4 In 1903 A
M
A
3
200,000
£
4 g
J
A
12,000,000
F
6
A
800,000
5
A
J
200,000
-1 g
M
A
25,000
J
A
(7) 4
202,000
5
See text.
J
A
g
4 g
J
A
66,880,000
3 g
20,569,700
July 1
3
11,282,000
3
328,200
July
3 g
J
&
4,65 2,000
5 g
J
&
See text.
1,000
1,000
£100 Ac
In
45.13c.
10,818,000'
1 ,000,000
28,065,000
1,100,000
500,000
2,000,000
897,000
1,000
&
A
&
4>4
'
202.450
100
“i
Car and locomotive rental notes
MEXICAN CENTRAL RY. (Concluded)
1,000
J
M
M
5
4
1,000,000
274,000
60,000,000
*
32
53
9
71
40
80
Manis Marq & Northern—1st M $1,500,000 gold
'
Man & Pikes’ Peak Ry—1st M $500,000 gold
Mp.c
Md D & Va—1st M $2,000,000 auth gold guar p & 1
Equipment 5s $50,000 redeemable yearly at par...
do
($50,000 yearly par) red 102L6 heg '10 OB.c*
Mex lnt—Prior lien £1,200,000 red at par. Un.xc* &r:
First cons M $16,000,000 gold not guar__Mp xe*Ar
do
gold guar stp subj to call at 95 to Mar 1907
Income 4% bonds (no mortgage) non-cumulatlve.
Mexican Mineral—1st M $500,000 g red 110 s f..Mo
100
1892
Metropolitan El 1st M $600,000 p m assum g__Ce.c*
N Y El debentures secured by con mortgage of 1890
Manhattan Elevated consol mortgage gold.Ce.c*&r
Maryland & Penn—York & Peach Bottom mortgage. J
First M $1,200,000 gold call at 105
MeBa.c*
Income M $900,000 4 % cum call at par
MBa
Maryland A Penn Ter 1st M $200,000 ggup&l redlOl
Mason City & Ft Dodge—1st M $12,000,000 g. .Ce.cAr
Massawippi—Stock guar same div as Conn & Pass.-,
Meadville Conneaut Lake & Linesville—First mortgage
Meridian Terminal — 1st M $250,000 gold
S.c*Ar
Mexican Centra]—1st M (unassented) Including scrip
Priority bonds gold redeemable at 110
>
Consolidated mortgage $32,000 p m gold__BB c*Ar
First cons Inc & scrip non-cum ($9,600 p m) g_AB.c*
2d cons Inc ($6,400 p m) red 50 % to Aug 1929 ABc*
Registered income bonds and scrip unassented
r
Collateral trust notes $10,000,000 authorized.
Collateral trust notes $35,000,000 gold redeem par..
100
1,000
1904
37
IS
32
_
$122,000
175,000
200,000
2,500,000
$100
1897
'
Office, Girard Trust Bldg., Philadelphia.—(V. 81, p. 1610.)
MILL CREEK & MINE HILL NAVIGATION & RR.—Mill Creek Jet. to
Broad Mtn., Pa., 6.3 m.; branch, 3.5 m.; 2d track, 3.8 m.; total track,.34.6
Leased In 1861 for 999 years to Phila. A Reading RR.; lease as¬
miles.
sumed In 1896 by Phila. & Reading Railway;rental, $33,000 and taxes.
MILLHN & SOUTHWESTERN R Y.—Owns Millen, Ga., to Vidalla, 53
miles.
To b consolidated with the new Georgia & Florida Ry., which-see.
V. 82, p. 751. 1212.
Stock June 3n 1905, $39,000.
As to the 1st 5s, see V. 80,°p. 1424. There
were also $83,000 6",', income dohent ures (SI ,000 each), dated Sept. 1 I 1905.
du1' 1915.
In year ending June 30 1906, gross, $88,349; net, $25,061.
Pres., John Skelton Williams, Richmond, Va.—(V. 82, p. 1212.)
MILWAUKEE ROCKFORD & EASTERN RY.—About to takeover
April 1907, as a consolidation, the Illinois Iowa A Minnesota RR. (which
see) and companies proposing to build extensions.
V. 84, p. 508.
MINE HILL A SCHUYLKILL HAVEN RR.—From Schuylkill Haven to
Ashland and Enterprise Jet., 42 m.; 2d track, 19 m.; total track, 134 miles.
In 1897 rental reduced to 6 % on stock under new lease for 999 years from
Jan. 1 1897 to Phila. A Read. Ry. Co.
Dividends paid stockholders are
2 U % In Jan. atul 3 % In July, H % being deducted for taxes.— (V.63,p.1011
MINERAL BELT RY.—V. 83. p. 1229.
MINERAL RANGE RR.—Houghton, Mich., to Calumet, Mich., 14 m.;
Hancock to Mohawk, 21 m.; branches, 31 in.. South Range extension,Ke¬
weenaw Bay to Michigan Mine, 39 m., opened Dec. 24 1900; trackage, 22 m.;
Mohawk RR. operates 17 m.; total. 144 miles, all standard gauge.
On
June 1 1901 the Hancock & Calumet RR. was merged (V. 73, p. 785).
In
vear 1895 paid dividends
1<>H%: In 1896. 7 %V 1897, 7%: 1898. 3
%
none since. Auth. stock, $1,200,009; outstanding, $1,085,000; par, $1°0.
BONDS.—Consols for $7,000 are reserved for $11,100 old bonds.
Of the
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G U
HONDURAS
90
RAILWAY STOCKS AND BONDS.
[VoL. LXXX1V.
*■
RAILROADS.
INTEREST OR DIVIDENDS.
Miles
For
explanation of column headings, &c.,
on first page of tables.
of
see notes
Date
Size, or
of
Par
Value.
Road. Bonds.
Amount
Rate
When
Outstanding
%
Payable.
Where Payable, and by
Whom.
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
'
Mexican National—See National RR of Mexico.
Mex Nor—1st M U S gold s f not called
Mo.c’ir
Mexican Railway Limited—Ordinary shares.
1
83
1890
1,000
£10
£10
£10
£10
First preference stock 8%
Second preference stock 6%
Perpetual 6% debenture stock
Mexican So Ry Ltd—Ordinary shares £1,000,000
321
Second M 4 % deb stock £600,000 red at par 90 years
228
1896
Michigan Central—Stock
First mortgage 518,000,000 gold
270
1902
G.c*&r
M C Michigan Air Line first mortgage
115
1890
Un.c&r
M C 1st M on Det & Bay City (54,000,000)
152
1881
In.c
do
do
bonds without coupons
152
1881
r
M C first mortgage on Grand River Valley RR. Un.c*
84 ’79 -’86
M C first mortgage on Kalamazoo & S Haven._Un.r
39
1889
M C 1st M Term 51,500,000 V 64, p 886)
1896
c&r
Mich Cent 1st M on Jack Lans & Saginaw gold.c* &r
350
1901
Car trusts (reg part ctfs) guar Amer C & F._SSt
1904
Notes $1,000,000
c&r
1907
Jack Lans & Sag stock 3^% yearly guar by end..
Grand River Valley stock rental In perpetuity
84
Bay City & Battle Cr 1st M g guar p & lend__Mp.c*
18
1889
Battle Cr & Sturgis 1st M g guar p & 1 end__Mp.c*
41
1889
Joliet & Northern Indiana 1st M guar p & 1 (end)__c
45
1877
TolCanSo&DetlstM 54,500,000 g gu p&l(end) Gc*&r
59
1906
Detroit River Tunnel 1st M 515,000,000 guar
1900
Middletown Union & Water Gap—1st M ext in ’86..c*
13
1866
Second mortgage Int guar ext In 1896 (see text) ..c*
1871
Mid Val—1st M 520,000 p m gold red (text).. GP.c*
293
1904
Mill Creek & Mine Hill Navigation & RR—Stock
Millen & Southwestern—First M 5800,000 gold
53
1905
K
Milwaukee Lake Shore & Western—See Chicago & North Weste
Milwaukee & Lake Winnebago—See Wisconsin Central
Milwaukee & Northern—See Chicago Milwaukee & St Paul
Mine Hill & Schuylkill Haven—Stock (6 % rental)
42
Mineral Range—Cons mortgage (text) gold red at 105.c
66
1891
General mortgage interest guar by Canadian Pac.-F
1901
66
Hancock & Cal cons M gold red at 105 assumed.
20
1891
a Exclusive of 5786.000 held
by sinking fund,
b 51 0.000 addltlo
_
100
1,000 &c
1,000 &c
1,000
1,000 &c
1,000
1,000 &c
1,000 &c
1,000
l.ddo
1,000
1,000
1,000
1,000 &c
799
$1 .001,548
2,550,563
174,554
Freight
Mall, express, &e
Gross earnings
Net over taxes
Other Income
53,726,665
$1,417.468
259.732
Total net Income
51,677,200
Interest paid..
51.095,932
Rentals
66.522
Net earns D. M. & Ft. D.
98,716
Miscellaneous
Dlv. on pref. stock(5)200,000
Dlv. on com. stock
..
720
5897.311
2,021 ,993
642
MINNEAPOLIS ST.
PAUL
&
491,200
250,000
l-ie In’Ofi'M
&
D Office, 82 Beaver St, N Y Dec
&
N
Glyn,Mllls,Currle&Co.,Lo
See text. See text.l
do
do
6
J
&
J Glyn,Mills,Currle&Co,,Lo
See text. See text. Checks mailed.
4
F
&
A!
1See text. J
&
J Grand Cent Station, N Y7
3 V g M
N Reg at G C S; cp at G T
&
4
J
&
J Reg at G C S; cp at U Tr
M
&
S Union Trust Co, New Yk
J
5
l
5
3— M Grand Cent Station, N Y
6
M
&
S Union Trust Co, N Y
M
5
N Grand Cent Station, N Y
&
4 g
J
&
J Reg at G C S; cp at U Tr
S Reg at G C S; cp at G Tr
3)4 g M &
4 Vi
O— M |
F
&
5
A Grand Cent Station, NY
M
&
S Grand Cent Station, N Y
HV
5
J
&
J Jackson, Mich.
3 g
J
&
D Union ’Trust Co N Y
3 g
&
J
D
do
do
7
J & J 10 Farmers L & Tr Co, N Y
4 g
J
J Grand Cent Station, N Y
&
M
J
J
J
A
5 g
5
5 e
10
5 g
&
&
&
&
&
N New York Susq & W,N
D!
do
do
J Office, Philadelphia.
J Philadelphia
O1 Hanover Nat Bank, N
1
1910
Nov 1906 4 %
Nov 1906 m%
Perpetual
May 1906 2)4 %
Jan
29 1907 3 %
1 1952
1 1940
1 1931
1 1931
Sept 1 1909
Nov 1 1939
July 1 1941
Sept 1 1951
To June 1 1910
Feb
1 1910
Mar 1 ’07 1 H %
Jan 1907 2 V %
Dec
1 1989
Dec
1 1989
Jan 10 1907
Jan
1 1956
May
Jan
Mar
Mar
1 1911
June 1 1910
1 1954
Jan
Jan 1907 5 %
Y Nov
Y April 1
1955
1
50
&c
4,210,200
100,000
1,000
1,000,000
500
nal In sin
642
157,452
5901,939
2,224.520
139,013
53.076,756
51 ,130,381
236,075
52,850,565
51,049,263
275,248
53,265,472
51.237,530
217,415
51,366,456
51.020,376
61,737
51 .324,511
5931,447
56,045
51,454,945
26,848
(5)200,000
38,942
(5)200,000
(2 V) 150,000
5886,980
56,050
(5)200.000
(5)300,000
MARIE RY.—Owns main
Marie, Mich., via Minneapolis to Portal, North Dakota,
boundary line, there connecting with the Canadian Pac.,
1,039 miles: branches, Hanklnson, N. D., to Garrison, 292 in.;
Glenwood,
Minn., to Emerson, 265 miles; Thief River Falls,-Minn., to Kenmare, N.
D.,
296 miles; Wlshck, N. D., to Pollock, 70 m.; other
branches, 154 m.; spurs,
19 m.: total, July 1906, 2,135 miles: also trackage to
Minneapolis, St. Paul
(being replaced by line owned, V. 83, p. 38) and Sault Ste Marie, 19 miles.
In Nov. 1904 extension from Glenwood, Minn., north to
Winnipeg. 330
miles. Included above, was completed.
V. 77. p. 765.
In Dec. 1905 branch
Thief River Falls, Minn., to
sions from Flaxton. N. D..
N.D.. to Plaza. 8 4 m. • and
pleted late In 1906.
V. 83.
tension from main l’ne rvvir
200 miles.
V. 84, p. 693.
2,000.000
J
!
5825,830
1,878,078
146,677
SAULT STE.
1,500.000
700,000
725,000
1,740,000
1,096,200
10,000,000
6 g
7
rn
Balance, surp. for year.
5216,030
557,495 def.552,922
511,915
OFFICERS.—Pres., Edwin Hawley, N. Y.; V.-P., L. F. Day; Sec., Jos.
Gaskell, Minneapolis; Treas., F. H. Davis, 25 Broad St., New York.
Directors—E. Hawley, H. E. Huntington, James N. Wallace,
F. E.
Palmer, F. II. Davis, John E. Searles, New York; L. C. Weir, N. Y.; L. F.
Day, Minneapolis.—(V. 83, p. 1091, 1113.)
line from Sault Ste.
at the International
j
421,000
800,000
3,100,000
N’neMar’07
100 &c
150,000
500 &C
250,000
1,000
5,854,000
25
323,375
210,000
1,000
5593,000 outstanding. 5339,000 are 5s; the Can. Pac. on June 30 1906 owned
the remaining 5254,000 (which are 4s), and the
51,000,000 gen. mtge. 4s
both of which It guarantees as to lnt. V. 75. p.
554. See V. 73, p. 556, 616;
V. 73. n. 785. Of tonnage In 1905-06 84% was ores and
mining products
EARNINGS.—For 8 months ending Feb. 28:
8 months—
Gross.
Net.
Other income. Charges.
Bal.,sur.
1906-07
5508,545
5109,427
51,239
579,623
531,044
1905-06
500,726
106,010
1,610
31,048
76,572
REPORT.—For year 1905-06, gross, 5739,341; net, 5163,261 other in¬
come, $2.253:taxes, 562,730; int., 583,360; sur., .51942,4—(V. 73, p. 785.)
MINNEAPOLIS & ST. LOUIS RR.—(See Map.)—Owns main line Min¬
neapolis to Angus, la., 260 miles; Western Dlv., Hopkins to Watertown,
S. D., 215 miles; Kalo Branch, 1H m.; Lake Park
Branch, 1H m.; Wlnthrop, Minn., to Storm Lake, Minn., 154 m. Leases trackage from Minne¬
apolis to St. Paul over St. Paul & North. Pac. RR., 10 m.; from Spencer to
Ruthven over Ch. M. & St. P., 12)4 m.; from Tara to Fort Dodge, over 111.
Cent., 6 m.; leases Des Moines & Fort Dodge RR., Des Moines to Fort Dodge
and Tara to Ruthven, 138)4 m.; total operated, 799 miles.
Also owns, but
leases to Bur. C. R. & Nor., Albert Lea to Iowa State Line,
13 m.
The Minnesota Dakota & Pacific
Ry., Incorporated In Jan. 1906 with
5200,000 authorized stock, Is building extension from Watertown, S. D.,
west to Missouri River at Le Beau, S. D.,
172 miles, and branch from Condc
northwest to Leola, S. D., 57 miles.
HISTORY.—A reorganization In Oct. 1894, per plan In V. 59,
p. 371, of
Railway foreclosed under Improvement and equipment mtge.
In June 1900 persons Identified with Minn. & St. L. obtained control of
the Iowa Central Ry.; V. 70, p. 1249.
The Des Moines & Fort Dodge RR.,
control of which was acquired in 1904, Is leased for 30
years from Jan. 1 1905.
V. 78. p. 2335; V. 79, p. 269, 1704; V. 81, p. 1430.
STOCK.—Common, 56,000,000; pref., 5 % non-cum., 54,000,000. After
5 % on each, they share pro rata.
DIVS.—
1 ’96. ’97. ’98. '99. ’00. ’01. ’02. ’03. ’04. ’05.
1907.
’06.
Preferred ..%)
3 3)44)4
3
5
5
5
5
5
5
5 Jan.,2)4
Common
%J
None
1)4
5
5
4
2)4 0
0
BONDS, &c.—Bonds Issued under the mtge. due June 1927 numbered
from 1,101 to 1,400, for 5500 each, additional to those above, were assumed
toy Burl. Cedar Rap. & North, (now Ch. Rock I & Pac.).
As to first consol, mtge., see abstract V.
59, p. 1145.
The refunding
mtge. of 1899 limits the first consols to 55,155,000.
First refunding mtge. of 1899 Is for 525,000,000, of which 510.000,000 re¬
served to retire underlying bonds and 55,341,000 for future extensions. Im¬
provements. &c., under severe restrictions.
The mtge. Is a first lien on 283
miles of road, &c., and a blanket Hen on rest of
property, and Is further se¬
cured by deposit of 52,530,000 Des Moines & Ft.
Dodge com. stock. V. 68,
p. 187, 332; V. 79, p. 2147: V. 80, p. 2220.
See application to list, V. 69,
p. 32. Equip, tr. notes, 523,535, payable 54,707 monthly to Sept.
19 1907
The 55,000,000 5 % notes of 1906, which have been sold,
will be Issued
from time to time as required, for the construction of about 230 miles of
road from Watertown, S. D.t westerly.
They will be secured by the 50,250,000 Minnesota Dakota & Pacific 1st gold 4s and the latter’s entire stock.
V. 82, p. 392, 692, 1102; V. 83, p. 38, 1114.
The 53,072.000 Des Moines & Ft. Dodge 4% bonds dated Jan. 1 1905
are guaranteed, principal and Interest.
V. 79, p* 1704, 2696.
EARNINGS.—8 mos.,/1906-07.
Gross, 52,545,339; net, 5890,448
July 1 to Feb. 28.
11905-06
Gross, 2,515,271; net, 1,021,926
ANNUAL REPORT.—Annual meeting first Tuesday In October.
Re¬
port for 1905-06 was In V. 83, p. 1091, 1113.
Year ending June 30—
15*05-06.
1904-05.
1903-04.
1902-03.
Aver, miles operated
Passengers
&c
100
100
a5874,000
£2,254,720
£2,554,100
£1,011,960
£2,000 000
£1,000,000
£587,880
Cl8.738.000
14,000,000
2,600,000
1 4,000,000
Kenmare, N. D., 296 m.: wa* opened.
Exten¬
westerly to Ambrose, 51 miles: from Drake,
of the Garrison line to Max. 14 m.. were com¬
p. 750.
In Mch. 1907 contract was let for ex¬
Glenwood, Minn., northeast to Duluth, about
325,000
king fund
J
J
4 g
J
5 g
J
Of wide h
4
593,000
c
5V
g-5 g
&
&
&
&
J
J
J
J
Offlce, 119 S 4th St. Phlla Janl6 ’07 2)4 %
44 Wall St, New York
All owned by Can Pac
44 Wall St, New York
516.814.300 held by
1
Jan
Jan
1
1
Jan
N Y C & H R RR
1931
1951
1931
Co.
HISTORY.—A consolidation In 1888 of Minn. Sault Ste. Marie & Atl.,
Minn. & Pac., &c.
See V. 46, p. 538, 609; V. 77, p. 628.
STOCK.—Canadian Pacific on July l 1906 owned 57.066,600 common
and 53,533.400 preferred.
Preferred stock has a prior right to 7 % (noncum.): then common to 7%; then share pro rata.
V. 75. p. 549.
DIVIDENDS
1903.
1904.
1905.
1906.
C 1907.
Preferred (per cent).-7
7
7
7
April, 3)4
Common (percent)
4
2
4.4
April, 2
noNDS.—Can. Pac guarantees by endorsement 4 % Int. on all the bonds
assenting to a reduction of lnt. to 4 %. (dee V. 50, p. 784; V. 51, p. 239.)
About one-half Minn. & Pac. bonds and practically all other Issues assented.
Abstract of Minneapolis Sault Ste. Marie & Atlantic mtge. In V. 45,
p.
243.
The consol, mortgage of 1888, abstract V. 47, p. 142), was for
521,000,000 on 800 miles (sufilelent of this reserved to retire prior bonds) and for
520,000 per mile on all additions.
V. 73. p. 185; V. 78, p. 820; V. 79, p.
1332: V 80. p. 651
As to 2d 4s. see V. 68. p. 669, 771,977; V. 71 p. 645.
LATEST EARNINGS.—(1906-07..Gross, 58,209,164; net, 53,636,822
8 mos., July 1 to Feb. 28. [ 1905-06..Gross,
7,758.117; net,
4,174,575
REPOH T.— Report for year ending June 30 l»ofi was in v. 83, p. 749.
Gross
Year.
A>(.
lnt.Joles.Ac. Equin„ Ac Hal., sur.
1905-06..
511,574.462 55.789,902 52,522.216 51.050,000 52.217.686
1904-05
8,716,622
4,214.015 - 2,150.599
386,550 1.676.866
Dividends of 7% on preferred call for 5484.687 yearly and of 4% on com¬
mon 5554.012 yearly.—(V. 83. p.
38. 687, 749; V. 84. p. 51.693.)
MINNESOTA TRANSFER RY.— Union road, owning 13.54 miles, ex¬
tending from Junction with Chic. Mil. & St. Paul at Merrlam Park to Frid¬
ley (with stock yards, &c.); side tracks, 45.72 miles; total, 59.26 miles. V.
67, p. 956. Stock, 570,000, equally owned by Chic. Mllw. & St. Paul, Nor.
Pac., Chic. St. Paul Minn. & Omaha, Minn. & St. Louis, Wisconsin Cent.,
Chic. Burl. & Quincy, Great North., Chic. Gt. West., Minn. St. Paul &
Sault Ste. Marie and Chic. Rock Island & Pacific.
Additional bonds can be Issued for property and Improvements as re¬
quired.
Principal only Is payable In gold.
Mtge. trustee. Northwestern
Trust Co., St. Paul, Minn.—(V. 66, p. 1238; V. 67, p. 956.)
MISSISSIPPI ARKANSAS & WESTERN RY.—Owns from a point In
Drew County, Ark., to. Gaines Landing, on the Mississippi
River In Chicot
County, Ark., 22 miles.
Stock authorized, 5220,000.
Year ending June 30
1904, gross, 525,389; net, 515,529; lnt. on bonds, 511,000.
Pres., A. P.
Bliss, Saginaw, Mich.; Sec. and Gen. Mgr., A. F. Cook, Little Rock, Ark.—
(V. 75, p. 442.)
MISSISSIPPI CENTRAL RR.—Owns Hattiesburg, Miss., to Brook
Haven, 84 miles, of which Silver Creek to Brook Haven, 29 m., opened
June 1906. V. 81, p. 155. Extension building from Brook Haven to Natchez,
66
m.;
also from Hattiesburg to Scranton
80 m.
Stock, 51,500.000.
Bonds (limited to 55,000,000) are Issuable at 520,000
per mile; they are sub¬
ject to call In the order of numbers at par by a yearly sinking fund of 5500
per mile of road covered, and as an entire Issue at 110.
They are guaranteed
principal and Interest by U. S. Lumber Co.
V. 81, p. 1849; V. 82, p. 161
1046.
For 4 mos. ending April 30 1906, gross, 5151,162; net,
577,721;
taxes, 51.604; betterments, 54,486; bal. for Int., 571,231.
For calendar
1905,
year
gross, 5390,435;
net, 5191,265; taxes, 54,729; betterments
521,459; bal. for lnt., 5165,077.
Pres., F. L. Peck; Sec. and Treas.
C. P. Davidson, Scranton, Pa.—(V. 83, p. 38, 1229.)
&
MISSOURI
ILLINOIS BRIDGE & BELT RR.—Has bridge 2,100 feet
long across the Mississippi River at Alton, Ill.; also 2 miles of road. Owned
by 10 of the 14 proprietary roads of the Terminal RR. Association of St.
Louis, viz.: Cleve. Cine. Chic. & St. L., Louisville & Nashville, St. L. Iron
Mtn. & South., Balt & Ohio, Missouri Pac., Wabash, Chic. Rock Island &
Pac., St. L. & San Fran., Mo. Kan. & Tex. and St. L. Vandalia & Terre
Haute (Penn. RR. system). Incorporated In Aug. 1904 as
successor of the
St. Clair Madison & St. Louis Belt RR. V. 79, p. 1642. 681. Stock, 52,500 •
000; outstanding, 5110,000. The Illinois State Trust Co. of East St. Loul*
and Edwards Whitaker are trustees under the mortgage of 1904. V. 80,
p.
711.
Pres., A. J. Davidson; Treas., F. H. Hamilton: Sec., G. L. Ball.
Office, Lincoln Trust Building, St. Louis.—(V. 80 p. 711; V. 82, p. 1380.)
MISSOURI KANSAS & TEXAS RY.—ROAD.—Operates a line with
northern termini at St. Louis, Kansas City, Junction
City and Hannibal
Mo., extending southerly across the Indian Territory and the Texas cotton
belt to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with hranches.
Road owned—
Miles.
Operated—not owned.
Miles.
Missouri Kan. & Tex. Ry.—
Wichita Falls Ry..
al8
St. Louis to Red River, Tex
629 Denison Bonham & N. O. RR
a24
Hannibal to Franklin Jet
104 Dal. Cleb. & Southwestern
alO
Branches to Paola and Parsons,
Dewey, I. T., to Bartlesville
4
Kan.; Oklahoma City and
Austin, Tex., terminals
2
Guthrie, O. T., and Wybark
Operated lolntly.
and Atoka, I. T., &c
921 St. Louis to Texas Junction
24
Mo. Kan. & T. Ry. of Texas—
Kansas City to Paola
43
Red River to Houston, Tex.__548 Whltesboro to Ft. Worth
71
Denison to Henrietta.
__!112 Iola to Plqua, Kansas
7
Other branches
476 Galveston Houston & Hend....a50
Austin to San Marcos
30
_
.
Total owned
2,790|
Total operated July 1 1906..3,073
(a See this company.)
ORGANIZATION &c.—Reorg. In 1890 without foreclosure. V. 49,p.719.
The 512,890.000 stock of the “M. K. & T. Railway Co. of Texas” Is owned
(V. 54, p. 1047; V. 55. p. 298). M. K. & Eastern was merged In 1897, K. C.
& Pac. In 1899, Sher. Sh. & So. In 1901 and Mo. Kan. & Okla. RR. and
Texas & Okla. RR. In 1904. V. 74, p. 1038. 1140: V. 75.
p. 608, 1086; V. 76.
p. 480, 1249; V. 78, p. 2012.
New cut-olf to San Antonio opened July
1906. V. 83, p. 96.
-c
LAND GRANT.—Land grant In Indian Territory, 3,110,400 acres, subect to Indian title.
See V. 79, p. 903. 1281; V. 81. p. 668, 1042; compare
V. 67, p. 222; V. 55, p. 937; V. 61. p. 1155; V. 77,
p. 2339; V. 82, p. 1102:
V. 84. p. 508.
STOCK.—Common Increased In 1904 by 57.200.000 to 563.300,300;
preferred Is 513,000.000 4 % non-cumulatlve.
Par of shares, 5100.
r.yrorr t~ .?■ w'~msrjnsw
MAP OF THE
C*
MINNEAPOLIS & ST. LOUIS
northern
RAILROAD & CONNECTIONS.
7^11
BONDS
RSAATILONWCDKY
1907.]
ape.,
FRE.
|
o
vWeudtver
1
Alliance^^.
lVi\VWv
Nn'
»i„
p./
V£
Iloldrege,
Gilman/o
a
y^f/b"
-(: ■/
iminclon
Logi^iispor
KokLb^bio,;'
n^mM
linden
“
°vro;v,
OeuRlCu^rtilbll
,
r
I
.
Jainesfou;^
Colhy
R°c*
\
Ipvin^s
mo.
|
pXJ/
'
-] r».
MO.
.Pueblo
1
^
7
La Junta
——
'
'Tgh.
Ii t.N-v^cVl
SV
|
Terre
.
>
(
G11moi
-Si.Ciiarl
! ^0.
I
^
r~
Haute^""
/
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Coluinbu.-r
Isstup. •
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Jetjnore
J(J?PCv
3
OPPutBoin^
Dirtied
"Ltb^b b
4
*
\ I
lx
ou2br/
VersaillesJ OV
.
V\
8eynioui
Vincennes
Do^
.
1
Green castle>*
IiOiii.'ian:i
Merlieivon
V'V^NjO
,.
\
*“.?
>——-—V_
wJ,,P
'/t] Colorado
ij
»
-j
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nyicis
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v\voV
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9J
RAILWAY STOCKS AND BONDS.
RAILROADS.
For explanation of column headings, dec., see notes
on first page of tables.
Miles
Date
of
of
Size,
Minneapolis
& St Louis—Common stock
Ce
Preferred stock (V 70. v 1150) 5% non-cum
Ce
First M Merrlam Junction to Albert Lea gold.F.c*
Iowa exten 1st M gold (Alb. Lea to Ft Dodge)g_Ce.c*
Mortgage on Southw exten gold ($12,000 p m) _Ce.c*
Pacific extension first mortgage gold.
Ce.c*
First consolidated M $5,282,000 gold..
..Ce.c’Ar
First A ref M $25,000,000 gold ($18,000 p m)__Ce
Gold notes $5,000,000 sec by coll red par beg ’08_Ce
Minn Dak A Pac 1st M $50 000,000 g red 105.Ce.c*Ar
Minn St Paul & S Ste Marie—Com Stock $14,000,000
Preferred stock 7 % non-cumulatlve
Minn Sault Ste Marie A Atlantic 1st M gold..Ce.c*
Minneapolis A Pacific first mortgage
Ce c*
Cons mortgage gold lnt guar (end) see text
Ce.c*
Second mortgage $5,000,000 gold lnt guaranteed.Ce
MinnesotaTransfer—First mortgage($574,000 are 4s) .c
Missouri ANorth
Arkansas—Notes, $6,000,000 gold.
Mississippi Arkansas A Western—1st M gold
AC
Miss Cent—1st M $5,000,000 gold guar red (text) _S.c*
Mo A Ill Br A Belt—St CMASt L B.lst Mredg.SSt c*
Consolidated mortgage $2,000,000 authorized gold..
81
102
53
92
632
_
_
...
2,266
2,266
.
Missouri Kansas A Texas—Common stock
Preferred stock 4 % non cumulative
First mortgage gold.
Ce
Second mortgage gold
Me
First extension mortgage gold $3,254,000
Ce.c*
St Louis Dlv first refunding mortgage
F.c*
Missouri Kansas A Eastern 1st M gold assumed..Ce
Second mortgage guaranteed being retired
Sb Sh A Sos-lst M ($20,000 p m) gold assumed.Ce.c*
Kansas City A Pacific Is M gold assumed
Ce.c*
M K A Okla 1st M $5,468,000 gold assumed. .Ce.c*
Texas A Okla 1st M $2,347,000 gold assumed.Ce.c*
First and refunding M $40,000,000 gold (see tcxt)_F
General mortgage $20,000,000 gold sinking fund N c*
Of which held In treasury Oct 31 1906: b $641.000:
22
84
1,601
1,601
164
162
162
202
130
277
117
Amount
Rate
Outstanding
O-r
.
/0
i
When
\
Payable.
$100 c$6,000t000 See text. J
100* d4,000,000 5 in 1906 J
1877
1879
1880
1881
1894
1899
1906
1906
500
1886
1886
1888
1899
1886
1906
1902
1905
1901
1904
1890
1890
1894
1901
1892
1892
1893
1890
1902
1903
1904
1906
1,646
c $17 4,100
A
A
A
A
A
A
A
Ac
950,000
7 g
J
1,0001
7 g
1,015,000
J
1,000
7 g
636.000
J
6 g
1,000
1,382,000
A
5 g
1,000
5,282,000
M
4 g
1,000 b9,845,000
M
5 g
F
5,000,000
text
4
See
1,000
F
g
100
14,000,000 4 in 1906!A
100
7,000,000 7 In 1906 A
1,000
8,204,000 4 g A 5 J
4 (5) J
1,000
306,000
41
4 g
1,000
J
,345,000
4
1,000
3,500,000
J
g
1,000
4
A
5
F
1,478,000
.
495
286
INTEREST OR DIVIDENDS.
Bonds—Princi¬
pal, When Due.
or
Par
Value.
Road. Bonds.
[Yol. lxxxiv.
See text
1,000
1,000
1,000
1,000
100
100
500 Ac
500 Ac
5 g
5 g
220,000
5 g
1,680,000
4 g
768,000
4
790,000
g
63,300,300
13,000,000 4 in 1906
4 g
40,000,000
4 g
20,000,000
5 g
3,254,000
4 g
1,915,000
5 g
4,000,000
5 g
66,000
5 g
1,689,000
4 g
2,500,000
5 g
5,468,000
5 g
2,347,000
4 g
5,182,000
4 V* g
10,000.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
d $39,10 °*
Where Payable
'
and by
A
A
A
A
A
A
A
A
A
J Central Trust Co, N Y
J
do
do
D
do
do
Ddo
do*
D
do
do
O
do
do
N
do
do
do
do
S;
A
do
do
A'
do
do
O Minn office; checks mall’a
do
O;
do
J Bank of Montreal, N Y
J!
do
do r
do
do
j;
J1
do
do
A 1st Nat Bk. St Paul,Minn
A
A
A
A
J Amer Tr A Sav Bk, Chic Jan
J Harvey, Fisk A Sons.N YiJuly
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June 1 1909
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Mar
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1936
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1944
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1942
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MISSOURI
KANSAS
&
TEXAS RY.
(Concluded).
DIVIDENDS.—On preferred 1906, 4% (M. & N.);
(I)
tem
1907, May, 2%.
BONDS.—M. K. & T. 1st and 2d mtges. of 1890 (abstracts In V. 51,
p.
495) cover line from Hannibal, Mo., to a point 80 m. from Houston, Tex.,
941 m. (except 71 m. of trackage) and sundry branches, the total
mileage
mortgaged being 1,601 m., including the Sherman Shreveport A So., but see
below. These mtges. also cover the right to the land grant In Indian Ter.
The Missouri Kansas & 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 1st refunding bonds, $4,666,000 were reserved 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. A
T. mtge. of 1890.
The bonds, formerly guaranteed, were assumed upon
consolidation In May 1901.
V. 72, p. 1034, 1115.
The Missouri Kansas A Oklahoma and Texas A Oklahoma bonds. Issued at
$20,000 per mile, guaranteed, have been assumed.
V. 74, p. 1038; V. 75,
p. 185, 733; V. 77, p. 252; V. 78, p. 48; V. 79. p. 968.
Of the 1st and refunding 4s of 1904 ($40,000,000 authorized Issue)
$12,037,000 Is reserved to retire divisional mortgages at or before maturity;
balance unissued ($22,781,000) for future purposes.
They are payable at
the option of the holder In sterling, marks or francs.
V. 79 p. 968. 1281,
1332; V. 80, p. 222, 712; V. 81. p. 613; V. 82, p. 987, 1497.
Stockholders voted March 3 1906 to authorize an Issue of $20,000,000
gen. mtge. 4 14 % sinking fund 30-year gold bonds, secured by lien on all the
property now owned or hereafter acquired from the proceeds of the bonds.
The bonds were used to pay outstanding
equipment notes ($4,001,844 on
Jan. 1 1906) and will provide for future requirements.
Stockholders were
offered the right to subscribe for the $10,000 000 present Issue (which was
underwritten) pro rata (13% of their respective holdings) at $875 per
$1,000 bond.
As to proposed M. K. A T. of Texas “first extension and gen¬
eral mortgage’’ for $25,000,000, see V. 83, p. 43S\ 562;
V. 82, p. 1269.
V. 82, p. 218, 334, 692.
MISSOURI PACIFIC RY.— {See Map.) — Operates
Important sys¬
extending westerly and southwesterly from St. Louis, Mo., Including
an
main lines from St. Louis to Omaha, Neb., 494 m., and from Kan.
City to
Pueblo, Col., 624 m., with many branches In Kansas, Ac. Through the St.
Louis Iron Mt. A Southern, which It controls, connection Is had with Texas
and the lines of the Tex. A Pac., Internat. A Gt. Northern and the
St. Louis
Southwestern, the whole forming what Is known as the “Gould System ”
(see V. 60. p. 83).
The Mo. Pac. property Includes (July 1 1906).
f.tnes owned and controlled.
Miles.
Leased lines. Ac. {Con.)
Miles.
St Louis to Omaha
494 Other lines.
39
Other main line
975 Trackage to St.
Branches owned
Leased lines, dec.
Boonvllle St. L. A Southern
Also owns all
Joseph, Ac..
1,919
44
21
Tot.Mo.Pac. and branch lines.3,492
capital stock of Central Branch Union Pacific, Ac., 388
miles; St. Louis Iron Mountain A Southern and leased lines, 2,459 miles.
Grand total Missouri Pacific mileage July 30 1906, 6,339
miles.
Early In 1901 a large Interest was acquired In the Denver A Rio Grande
RR., and so In the Rio Grande Western Ry., extending the system as far
west as Ogden, Utah.
The Gould and Rockefeller holdings In the Denver
A Rio Grande are together understood to constitute a
large majority of
entire capital stock.
See also “General Finances.’’
ORGANIZATION, LEASES, Ac.—The present company was a consoli¬
dation In August 1880, embracing the Missouri Pacific and minor
roads.
Control of the International A Great Northern was secured In 1892.
STOCK.—The amount outstanding on Dec. 31 1900 was
$50,432,150;
this was Increased to $76,402,875 In 1901; In 1902 by
$1,400,000.
DIVS.—)’82 ’83 to ’87 ’88 ’89 ’90 ’91 ’92
to’00
1902 to Jao
’01
1907
2)4
5 yearly.
BONDS.—The consolidated mortgage Is for $30,000,000—trustees John F.
Dillon and Edward 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 due 1917 (Union Trust
Company of New York,
trustee) arc secured by mortgage bonds of new roads at $12,000 or
$15,000
per mile; these embracing the line from Fort Scott, Kan., to Pueblo, Col.,
GUARANTIES.—The Boonvllle Bridge 4s are guaranteed, principal and
Ac.
For securities pledged, Ac., see V. 46, p. 678.
Interest, and also as to sinking fund beginning 1911.
Collateral trust bonds due in 1920. see V. 50,
V. 73, p. 494.
p. 669, 874; collateral trust
The M. K. A T. of Texas mortgage secures
notes due Feb. 1908, V. 82, p. 100.
$10,000,000 of bonds at
$20,000 per mile for extensions In Texas.
The 4s of 1905 ($50,000,000 authorized Issue) are to be secured
They .are guaranteed principal
by an
and Interest.
.See above, and guaranty V. 56, p. 604.
equal amount at par of Iron Mountain stock, the deposited stock to be
The Southwestern Coal A Improvement Co.’s bonds are guaranteed.
never less than a majority of the outstanding
Mort¬
amount, the Mo. Pac. cove¬
gage ($1,000,000) covers the coal on 51,000 acres in Indian ’Territory, and* nanting that It will not
permit the creation by the Iron Mt. Co. of any stock
the company also owns 2.350 acres additional, the Denison A Washita
having preference or priority as to dividends or otherwise over the stock
Ry.,
20 miles, mines In active operation. Ac.
pledged or the creation of any bonded debt of the Iron Mt. Co. In addition
to its bonded debt at present
LATEST EARNINGS.—For 8 months ending Feb. 28:
authorized,-except to fund, extend or retire
such
present authorized bonded debt, or for new property at a fair value not
8 months—
Gross.
Nit.
(’harms.
Balance.
exceeding
cost.
The
1906-07
remaining
$25,000,000 Is reserved for extensions. Im¬
$17,005,682
$6,247,487
$3,333,700
$2,913,787sur
provements and betterments.
V. 80. p. 712.
1905-00
j
14,645,808
4,168,250
2,940.950
l,227,300sur
GENERAL FINANCES.—In 1903 the Missouri Pacific
Railway Co. ac¬
ANNUAL REPORT.—Annual meeting first Thursday after first
quired $2,000,000 Wabash RR. preferred stock and the St. Louis A Iron Mt.
Monday
In April.
Report 1905-06 was given In V. 83, p. 684, 812.
$6,500,000 additional, the latter also owning $5,435,000 of the debenture B
Year ending June 30—
1906.
1905.
1904.
1903.
bonds, making the entire voting Interest held $13,935,000 out of a total of
Average miles operated.
3.043
3,043
2,884
2,601
882.000,000 stock and voting debentures.)
See Wabash RR.
Syndicates
Passenger earnings
$5,157,881
$4,935,592
in which the Goulds are interested have
$3,802,202
$3,160,455
purchased the Western Maryland
14.968,833
14,134,335
13,102,910
ami have completed a line connecting the
13,256,900
Wabash with Pittsburgh and
Mall, express, Ac...
1.032,431
971 ,168
790 ,85.X
861,484
built easterly to a connection with the Western'
Maryland and tidewater at
Baltimore.
Toe Gould interests are also hack of the Western
Pacific liy.,
$21,159,145 $20,041,095 $17,766,595 $17,208,193
building between Salt Lain City and San Francisco.
Sec V. 80, n. 1730.
15,414,545
14,937,720
12,997,710
V. 79. p. 1023.
12,449,083
'
Rentals, Ac
*$6,153,635 *$5,528,556
$4,041,043
$3,864,718
459,505
396,647
$5,085,608
$3,316,172
703,068
$4,858,675
$3,291.396
467,363
$1 ,653,087
260,000
$1 .267,191
$1,066,368
$1,099,916
$1 ,393.087
$1.267,191
$1,066,368
$1,099,916
Percentj6M 7 yearly. 5 Yx
4
4
3
None.
EARNINGS.—8 mos., '*1906-7
Gross, $32,163,427; net. $10,378,101
July 1 to Feb. 28.
.1905-6
Gross,
29,843,390; net,
9,615,847
ANNUAL REPORT.—Fiscal year changed to end June
30; year end¬
ing June 30 1906 was in V. 83, p. 886. 903, 964; edit., p. 941.' Annual
meeting Is held at St. Louis In Moh.
Report for earns, of Missouri Pacific
system have been as below.
“Other Income” In 1905-06 Includes:
Int. on
Tex. 8: Pac. 2d mtge. incomes, $1,183,400; Pacific
Express Co.. $141,000;
Cent. Br. Ry.. $1,061,900: Den. A RIo Gr..
$547,500; coal cos., $410,000.
Years ending June 30
Cal. Year.
—
•$409,035 In 1906. $425,181 In 1905, $316,723 In 1904, $99,565 In 1903.
OFFICERS. — Pres.. Adrian H. Joline, New York: V.-P. and Gen.
Mgr.,
A. A. Allen. St. Louis: V.-P. ami Treas.. C. G.
Hedge, New York; V.-P.,
C. Halle, St. Louis; See.. C. N. Whitehead. 49 Wall St.
Directors—Adrian H. Joline. Henry W. Poor. Chas. G. Hedge. James
Brown Potter. James N. Wallace. J. G, Metcalfe, New
York: Myron T.
Herrick, Cleveland. O.; F. N. Finney. A. A. Allen, C. Halle, Janies
Hagerman and R. W. Maguire, St. Louis, Mo.;
B. P. McDonald, Alfred J. Poor,
E. B. Stevens and If. J. De Mare/, ovens.
Amsterdam,
Holland; and
Alfred W. Sm It hers of London, Eng.—V. 84,
p. 508, 804.
MISSOURI A NORTH AR K A NS AS RR. — Seligman, Mo., at a connection
with St. Louis A San Francisco, to Leslie, Ark., 128
H miles.
Extension Is
proposed from Leslie to Helena. Ark., 175 miles, of which 75 miles from
Leslie to Pangburn was reported to be under construction
April 1907; also
from Seligman northwest to Joplin, Mo.r60 miles, of which
Neosho to Joplin
to he Kansas City Southern trackage.
Successor per plan V. 82, p. 569,
1269; V. 83, p, 39, of the St. Louis A North Ark. foreclosed May 29 1906.
Stock authorized. $25,000 per mile.
In Aug. 1906 a mortgage was Tiled
to secure an Issue of $11,500,000 50-year
4% gold bonds (St. Louls-Unlon
Trust Co., trustee) Issuable at $25,000 per mile.
Under the plan these
bonds may be pledged to secure 5-year 5%
coupon notes (subject to call at
par.)
Until retirement of notes entire net earnings shall he
applied to
payment of principal and Interest.
For year ending June 30 1906. gross.
$273,435; net, $56,572; other in¬
come.
$38,184;
total deductions, $127,084;
balance, deficit, $32,328.
Chairman of Board. I). R. Francis; Pres., John Seullin. — (V.
83.
p.
MISSOURI OKLAHOMA & GULF RY.—V. 81, p. 1849.
324.)
Miles operated
Total earnings
Net earnings
Other income, Ac
Total net Income
Interest and rentals
Taxes
Sundry accounts...
Dividends
1906.
6.276
1905.
6,205
1904.
6,140
$44,566,821 $41,067,282 $43,693,617
14,284,416
3,558,911
13.035,390
3,037,882
13.287.576
2,937.274
$17,843,327 $16,073,273 $16,224,850
$8,936,792
$8 191,983
$7,718,109
1,388.344
1,298.771
1,119,596
1,060.768
1,282,337
(7 V) 5.836,305 (5)8.890,867(5 U)3890867
Balance, surplus
492.710
1,541.310
2.034,766
OFFICERS.—Pres.. George J. Gould; Sec. and Treas. A. H. Calef. 195
Broadway, New York.
Directors—George J. Gould, Stuyvesant Fish, Edwin Gould. Samuel
Sloan, J. J. Slocum. Howard Gould, Fred, T. Gates, Frank J. Gould and
Janies IT. Smith, New York; Charles S. Clarke. O. L.
Garrison, W. K.
Bixby, St. Louis, Mo.; S. Davies Warfield, Baltimore.—(V. 84,
p. 931.)
(2) MISSOURI PACIFIC SYSTEM—ST. LOUIS IRON MOUNTAIN &
SOUTHERN RY.— {See Map.)—Owns St. Louis to Texarkana, Tex., Line,
490 miles: branches to Belmont, Mo., Bird’s
Pt., Mo. (Cairo), Camden,
Ark., Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark.,
Memphis, Tenn., Ac.; Houston Central Arkansas A Northern Railway, McGehee, Ark., to Alexandria, La., 191 m.; White River branch, Illinois Di¬
vision Memphis Helena A Louisiana East A West. Ill.
Ry., 1,534 m.; total
owned July 1 1906, 2,215 miles.
Leases Little Rock Junction RR; Kansas
A Ark. Valley RR. (acquired March
1906); St. Louis Southwestern Ry.
and miscellaneous, 244 miles.
Total operated July 1 1906, 2,459 miles.
Holders of 523,668 000 of the $24,983,093 Texas A Pacific seconds ex1,457.924
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MISSOURI PACIFIC RAILWAY
ST. LOUIS, IRON MT. & SOUTHERN RY.
and
Leased, Operated & Independent Lines
CO.
c
I'iodras
Negras,
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94
RAILWAY STOCKS AND BONDS.
RAILROADS.
For
explanation of column headings, &c.,
on first page of tables.
■
Miles
Date
of
of
see notes
Road. Bonds.
Missouri
S W C
Dallas
M K &
Kansas & Texas—(Concluded)
& Imp 1st M assumed sinking fd call at 125.F
& Waco 1st M $20,000 p m g_Ce.c*l Guar
pr
T of Texas 1st M $20,000 pm_Ce.c* )& Inter.
Boonvllle Branch 1st M gold sink fd_Ce.c*J (end)
Missouri Pacific—Stock ($100,000,000
authorized)
Pacific RR of Mo 1st M extended in 1888 gold.-Me
Second M ext In 1891 In gold St L to K C
c*
First M St Louis real estate ext In 1892 gold
First M Carondelet Br gold guar p&I (end) ext ’93
Third M ext In 1906, red
105(V83,pJ492,1348_Ce
Missouri Pac 1st M Lexington to Sedalla, Mo, gold
Consolidated mortgage $30,000,000 gold
c*
Gold collateral trust
Un.c'&r
First coll M bonds for $10,000,000 gold
Me.c*
Mortgage $50,000,000 gold red at IQ2M
Me.c* &r
Two-year collateral trust gold notes
Eq.c*
Ler & Caney Val 1st M gold guar (V 70, p 1095). _c*
Verdigris Val Independence & W 1st M gold guar
K C * N W 1st M pref "A” gold lnt rent red 105_Me
67
225
Size,
Par
Value.
1889
1890
1892
1901
$1 000
1868
1871
1872
1873
1876
1880
1880
1887
1890
1905
1904
1886
1886
1894
1902
1903
1903
1903
1905
1906
1907
1906
1,000
1,000
1 000
1,000
1,000
13
296
55
1,076
1,120
Equip Ass’n obligations $203,000
671
52
81
500
&c
500
1,000
500
do
do
do
do
do
do
Ser B gold
Ser C, gold
Ser D to F,
Ser G, gold
Ser H,gold
_____
.
500
&c
5,000
1,000
1.000
500 &c
1.000
changed their bonds for 65% in new Iron Mountain gold 4s.
See "Bonds’
below, also V. 68. p. 329, 380, 474. 520, 572. 619. 774.
The continuous low-grade line from St. Louis to New Orleans by connec¬
tion with the Tex. & Pac. Ry. at Clayton, La., Is nearing
completion.
The short line between Kansas City and Memphis, via Carthage,
Mo., and
Newport, Ark., was opened for through business in Jan. 1906.
STOCK.—Stock authorized, $130,000,000; outstanding, $44,397,375, of
See below.
DIVIDEND.—In 1899, 2%; 1900, 6; '01, 6; ’02 to ’04, 10 y’rly; 1905, 7;
fiscal year 1905-06, 14%.
BONDS.—General consol, mtge. 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 lien on 1,538
miles. (V. 68, p. 85, 233, 520; V. 78. p. 704, 1224.)
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 equip¬
ment of branches and extensions.
They are secured by a lien (subject only
to the general consols on all the railroads, terminals and
eaulpraent of the
company owned at the time of the making thereof and also a first and only
lien on all stocks and bonds formerly embraced In the trust of the gold fund¬
ing note Indenture, all leased and branch lines, or their bonds and stocks
acquired by the loan, and $23,668,000 Texas & Pacific seconds, future exten¬
sions. &c. (V. 68, p.619; V. 70, p.997; V. 74, p. 206; V. 78, p. 704, 1224.)
The River & Gulf Divisions 4s of 1903 (present Issue $20,000,000)
will be
secured by a 1st lien on 677 miles of road built or under construction
(see
above) and on terminal property at St. Louis, East St. Louis, Cairo and
Thebes, and 8,000 acres of coal lands In Illinois, and deposit of the bonds of
the Union Ry. of Memphis.
Additional bonds may be Issued up to a total
of $50,000,000 at not over $30,000 per mile of main line for new construc¬
tion, and $15,000 per mile of second track and branches, but not exceed¬
ing the actual cost, and for additional terminals, equipment, double tracks.
&c.
V. 76. p. 543, 600, 1085; V. 77. p. 1875, and application to list,
V. 77, p. 2036, 2019; see also V. 80, p. 2459; V. 83. p. 436; V. 84,
p. 627.
Pine Bluff & Western guaranteed 5s of 1903 (American Central Trust Co.
of St. Louis, trustee), see V. 78. p. 103; form, V. 78, p. 769.
EARNINGS.—For 6 months ending Dec. 31 1906, gross, $11,833,246;
net
$4,443,976; other income, $130,341; charges, $2,810,760; balance,
surplus, $1,76 ,557.
REPORT.—ReDort for 1905-06 In V. 83. p. 903 964, showed:
Year cri'llwr
Calendar
Year
June, 30 '06.
1904.
1903.
Gross earnings
$21,209,777 $19,788,829 $19,575,350
Net earnings
7.878,960
6,988,100
6,720,285
Other rerelp's
1,710.439
1,493,923
1,428,572
Total net income
9,589,399
8,482,023
8,148,857
Interest on bonds
4,314,517
3,963,688
3,624,601
Taxes, bridge exp., rentals, &c
1,145,110
1,197,365
1,056,512
Dividends
(14)4,114,588 (10) 2,578,831 (10) 2,578,831
.
.
Balance for year
(V. 81, p. 1724;
MISSOURI
sur.$15,lS4 sur.$742,139 sur.$888,913
V. 82. p. 220, 930, 1102; V. 83, p. 436; V. 84, p. 627.)
RIVER
&
NORTHWESTERN
Mystic, S. D., 35 miles, opened Mch. 1906.
the Dakota Pacific
received
on
RY.—Owns Rapid City to
A reorganization Apr. 1904 of
HR.
On Feb. 14 1907 V. E. Crouch was appointed
account of difficulties among stockholders; all
coupons had been
Paid.of shares,
V. 84, p.$100.
508. Bonds
Stock, $500,000
of
subject each
to call
ar
are
Cleveland Tr. Co., trustee.
V. 81, p. 1610.
com.
4%Junel
cum. 1914.
pref.
at 105and
after
Pres., C. D. Crouch; Sec. and
Treas., T. 11.Saunders. Office,Rapid City, S.D.—(V. 82, p. 568; V.84,p.508.)
MOBILE & BIRMINGHAM RR.— (See Map. Southern Ry.)—Mobile to
Marlon Jet., Ala., with branches; 150 miles.
Leased to Southern Ry.
from Mch. 1 1899 for 99 years, the latter agreeing to meet the
Interest on
bonds and to guarantee a dividend on the $900,000 pref. stock of 1
% for
first year, 2 % for second year and 3 % for third year, and 4 % for the fourth
year and thereafter. The $900,000 common stock Is owned by Southern Ry.,
and the voting power on the pref. Irrevocably assigned to Southern Rv. dur¬
ing lease: V. 68, p. 429, 1134; V. 69. p. 391; V. 71, p. 1013.—(V. 72, p.137.)
MOBILE JACKSON & KANSAS CITY RR.—(See
Map.)—Operates:
Road owned—
Miles. |
Road controlled—
Miles.
1661 Gulf & Chicago (leased 99 yrs.),
Mobile, Ala to Decatur
Beaumont, Miss., to Hattiesburg. 27|
Decatur, Miss., to Middleton,
Elll8Vllle Jet. to Elllsvllle, Miss..
Tenn
61
203
.
Total main track owned
199j Total
203
Total road owned and leased (100 miles 60-lb. and 302 m. 70-lb.
steel) .402
STOCK.—M.J. &K.C. RR
$4,000,000 common; par, $100
Gulf & Chicago Ry
5,non,oon
do
do
100
In Feb. 1907 the management and control of the M. ,T.
K. C. and Gulf
& Chicago were vested In a voting trust consisting of John E.
Borne, Alex¬
ander McDonald and B. F. Yoakum
In April 1907 plans for a
re-adjust¬
ment of debt (Including Boating debt of over $1.000,000) and to
provide
funds for other requirements were under consideration.
It Is proposed
later to extend the road on the north to connect with the Frisco
system,
and build a branch from Beaumont to New Orleans.
This would give the
Frisco-Rock Island system. of which the road may eventually form a
part,
a direct north and south line from Chicago to the Gulf.
V. 84, p. 339, 749.
BONDS.—M. J. & K.C. RR. $4,000,000 1st consol, mtge.,
covering 200
miles main track and valuable terminal property In Mobile
Harbor; $36,000
of old 1st mtge. 5s still outstanding, for which an equal amount of consols
are reserved.
The 1st consols are subject to call at 110.
V. 77, p. 822; V.
70, p. 687; V. 78. p. 48; V. 81, p. 1315.
Gulf & Chicago Ry. $5,000,000 1st mtge. 5s; the $4,000,000 Issued cover
203 m. of track.
Bonds guar. prln. & lnt. by M. J. & K. C. RR. Co.
by end.
on each bond.
Both Issues limited to $20,000 per mile of main track.
The car trust 4 !^s of 1905 matured $15,000 quarterly to July
1906; ma¬
turing rieee, $14,000 quarterly to July 1910.
V. 81, p. 1550.
•
Outstanding
%
Payable.
6
$968,000
J
5 g
M
1,340,000
5 g
4,505,000
M
4
M
1.000,000
g
77,817,675 5 In 1906 J
4 g
F
7,000,000
5 g
J
2,573,000
5 g
M
800,000
237,500
4H g A
4
M
3,828,000
g
14,904,000
14,376,000
9,636,000
25,000,000
6,000.000
520,000
806,000
1 *026 000
1,218,000
485,000
1,974,000
MO. PAC. SYSTEM—ST.LOUIS IRON MT. & SOUTHERN (Concluded,
—
When
1,000
1,000
1,000
_
,
Rate
650,000
_
which $44,335,400 June 30 1906 owned by Missouri Pac.
Amount
&c
pay Sept 1 yearly
$97,000 due Mar 1 yearly
1,000
do
$282,000 June 1 yearly.Me
1,000
do
gold $103,000 Dec 1 yearly
1,000
do
$43,000 June 1 yearly
1,000
do
$100,000 yearly
1,000
do
gold $77,009 yearly
Me.r
1,000 &e
Mo Pac equip bonds gold $335,000 May 1 yrly Kc*&r
1,000
Mo Pac System—St Louis Iron Mt & Southern Ry—
Gen con & 1 gr M ($45,000,000) g_.
Ate c*
1.538 ’81 -’87
1,000
do
do
gold stamped guaranteed p & I..c* 4.538
1,000
Unifying & refunding M gold $40,000,000_Mp.c* 1,538 1899
1.000
River & G DIvs 1st M $50,000,000 gold.Me.c*&r
616
1903
1,000 &c
Car trusts K to M, due June, Sept & Dec yearly
’95-’03
Car trusts Ser N to P $355,000 or $357,000 yearly
1903
1,000
Car trusts Ser R & S $297,000 or 299,000 yearly..
1905
1,000
Little Rock Junct 1st M guar p & 1 by Ir Mt. Me c*
2
1891
1,000
Pine Bluff & West 1st M gu p & 1 red 10 years 105
44
1903
1.000
do
__
INTEREST OR DIVIDENDS.
Bonds—Princi¬
pal, When Due.
or
100
283
283
[Vol. lxxxiv.
769.000
387.000
800,000
693,000
3,350,000
37,256,000
6,322,000
30,469,000
26,352,000
1,643,000
2,187,000
2,390,000
435,000
880.000
g
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6
5
5
4
5
5
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5
5
5
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J
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Where Payable
Whom.
,
and by
&
J Office. 49 Wall St. N Y
do
do
do
do
N1
do
do
J: 195 Broadway,New York
A,Mercantile TruBt Co, N Y
J
do
do
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a:
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i Townsend Whelen & Co
—M
.!
do
do
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A
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A
&
O New York and St Louis
g
g
g
g
A
J
M
Jt
&
Ni
Quarter !
g
-
Stocks—Last
Dividend.
July
1
Nov
1
Sept 1
Nov 1
Jan 21
Aug
July
May
1
1
1
Oct
1
July
Aug
1
1
Nov
Jan
1
1929
1940
1942
1951
’ 07 2H %
1938
1938
1938
1938
1938
1920
1920
Aug
1 1917
1 1920
Mar
l
1945
Feb 10 1908
July 1 1926
Mar 1 1926
Jan
1 1933
Sept 1907-1912
To Mar 1 1912
To June 1913
To Dec 1914
To June 1915
To March 191ft
To Dec 1916
May ’08 -’17
April 1
1931
April 1 1931
July 1 1929
May 1 1933
To Dec 1912
To June 1913
To June 1914
April 1 1916
Oct
1 1923
EARNINGS.—For 6 months ending Dec. 31 ■'1906, gross, $743,921,
against $466,475 in 1905.
REPORT.—For year ending June 30 1906, In V. 84, p. 99, showed (362
average miles):
Gross, $1,083,692; net, $310,045; charges, taxes, &e.,
$281 .018; bal., sur., $29,027.
In 1904-05 (259 av. miles), gross, $677,528.
OFFICERS.—Pres., Bird M. Robinson, 5 Nassau St., N. Y.; Chairman
of Executive Committee, W. D. Stx*atton; Sec. and Treas., Geo. W.
Crary.
Directors—W. D. Stratton, Alex. McDonald, Bird M. Robinson, Ambrose
Monell, E. K. Stallo, Charles E. Levy. R. W. Jones Jr., of New
York;
Thomas Morrison, Pittsbux-gh, Pa.; John McLeod,
Philadelphia, Pa.; C. D.
Willoughby, Gen. J. W. Whiting, Mobile.—(V. 84, p. 99, 102, 339, 749.)
MOBILE & OHIO RR.—(See Map So. Ry.)—Owns from
Mobile, Ala., to
Columbus, Ky., 472 miles, proprietary line, Kentucky & Tennessee RR. to
East Cairo, 21 m.; branches to Columbus, Mlss.,&c., 34
m.; Columbus, Miss.,
to Montgomery, Ala., 167 m.; Mobile &
Bay Shore Branch, 38 m.; with War¬
rior Branch, &c., 23 m., and Blocton Branch, 12
m.; total owned. 767 miles;
St. Louis & Cairo (leased), Cairo to St. Louis, 152 m., with branch to
Millstadt, 7 in.; total June 30 1906, 926 m.
Operated independently.
In 1905 the Southern Ry. had acquired $8,035,000 of the
$9,472,000 gen.
4s and $5,670,200 of the $6,070,600 stock, Issuing, dollar for
dollar, its coll,
trust 4 % gold bonds In exchange for the M. & O. gen 4s, secured
by a pledge
of the latter and also stock trust certificates for
stock, dividends being paya¬
ble (A. & O.) at 4% In perpetuity thereafter.
DIVIDENDS.—1898
1%; 1903, 2; June 1904. 2%* 1905 6%; 1906,
June. 3%; Dec., 214%.
See paragraph above.
STOCK.—Stock authorized, $10,000,000; outstanding,
$6,070,600; par,
$100.
The voting power on $4,984,200 of the stock Is exercised
by the gen.
mtge.„ bondholders by virtue of deposit of old debentures 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. 83.
V. 60,
p. 967.
Interest on $4,000,000 St. Louis & Cairo 4s Is guaranteed. As to
Mont. DIv. 1st 5s, see application V. 66, p. 1045.
In April 1907 $1,291,000
5% equipment notes dated Oct. 1 1907. guaranteed by American Car &
Foundry Co., were sold.
See "Chronicle," April 27.’
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were
Issuable la
for
exchange
the $6,500,000 St. Louis & Cairo stock. See V. 70, p. 532. In
1906 $6,492,000 stock had been exchanged.
EARNINGS—8 mos. f1906- 07.. ..Gross, $6,9 22,127; net,
$2,212,560.
July 1 to Feb. 28.
\ 1905- 06.
.Gi-oss, 6.1 27,619; net, 2,044,303.
REPORT.—Report fo r 1905-106 in V. 83. p. 11.66.
Year ending June 30—
1906
1905.
1904
1903.
Miles operated
926
926
912
•874
"’otal g 'oss earnings...
$9,145 ,9 27
$8,267 ,601
$7,739 ,706
r7.4SO,980
Net earnings
2,900 ,4
2,016,7 16
2.339 7UK
2 275.809
Net, inch other income3,025 .303
2,744,052
2.462 ,826
2,397,939
interest and rentals
1 ,754,725
1,81.5 ,485
1,677 .587
1,630,663
,
..
.
_
,
$1 .209 .818
Dividends paid
Equip. &
new construe.
[5) $301 ,030
716 .128
$989,327
(4) $242,824
581,233
$785 ,239
(2)$ 1 21 ,4 12
451 ,799
$747,276
(2) $107 ,412
334,650
Surplus
$192 ,660
$212 ,027
$165,270
$305,215
(V. 83, p. 1099, 1 166; V. 84. p. 5 2.)
MOHAWK & MALONE
E RR.(5ce Maps N. Y. Central.) — -Owns from
Herkimer, N. Y., to Malone, with branches, 182 miles In all.
HISTORY, LEASE, &c.—New York Central owns the $5,000,000
stock, on which dividends of 4 % yearly are paid. In 1902 a new lease In
per¬
petuity was made and $10,000,000 3H % consols authorized, of which $2,500,000 reserved to retire at maturity the first mtge. bonds and
$3,600,000
for improvements and enlargements.— (V. 74,
p. 630, 830, 937.)
”MONON.”—See CHICAGO INDIANAPOLIS & LOUISVILLE
RY.
MONONGAHELA RR.—Brownsville, Pa., to Redstone Jet.,
35 miles,
connecting with the Pittsburgh & Lake Erie and Pittsburgh Virginia &
Charleston (Penn. syst. lines), which guarantee the bonds (see
table above),
principal and Interest, by endorsement. Stock, $1,428,000.
Penn. RR.
and Pittsburgh & Lake Erie each own $714,000 stock. Year
ending Dec. 31
1905, gross, $710,783; net, lncl. other Income, $244,320;
charges, $92,509;
extraordinary' expenditures, $101,055; bal., sur., $50,757.
MONONGAHELA RIVER RR.—Road from Fairmont to
Clarksburg, W.
Va., 31 miles. Road opened In 1890. B. & O. owns all of the $1,300,008
stock (par $100), the coal bonds being reduced to
$1,000,000. Car trust 6i,
principal June 30 1906, $159,000.— (V. 70, p. 1092.)
MONTANA RR.—Lombard, Mont., to Lewlstown, 157 m. and br. 6
miles.
In May 1906 the Chic. Mllw. & St. P. acquired the road.
V. 82, p. 1212.
Stock, authorized, $3,500,000, all outstanding; par of shares. $100. Of
the $2,000,000 bonds Issued on first 100 miles, $999,000 are
stamped re¬
deemable at 105 and lnt. on 6 months’ notice, the
remaining $1,001,000 be¬
ing held June 30 1905 by the Northern Pacific Ry. as collateral for
$392,865
notes.—(V. 82, p. 1212.)
MONTGOMERY & ERIE RY.—(See Map Erie RR.)—Owns
Montgomery
to Goshen, N. Y., 10 miles. Leased In 1872 to Erie RR.
(which see). Rental
Is $16,000 per annum.
Stock, $150,000.
Dividends (4^% per an.) are
paid May 10 and Nov. 10. Sinking fund, $6,500 per annum. There are $40,500 2d mort. 5s due Oct. 1 1927.
—
—
MORELIA & TACAMBARO RY.—Projected from
Irapuato. State of
Guanajuato, Mex., on the Mexican Central Ry., south to Arlo, 225 miles.
Including 25 miles of side txaeks, of which 55 miles from
Guanajuato to
Puruandlro, was completed
In
1906.
The
road wTlll develop
large
partly developed agricultural, timber and mineral sections.
Concessions
Include $4,800 Mexican currency per mile,
exemption from Import duties
on construction material and from Federal and
State taxation, excepting
stamp tax. for 15 years, etc. Stock, $6,000,000, all outstanding;
par, $50.
Bonds ($5,000,000 authorized, are Issuable at $22,222
per mile; $1,200,000
were underwritten for first 55 miles.
V. 81, p. 726; V.
83,jp. 562. Fi¬
nanced by A. J. Peyton & Co., New York.
Pres., Edson J. Cnamberlaln,
Apr.. 1907. J
RAILWAY STOCKS AND BONDS.
95
MAP OF THE
MOBILE, JACKSON
@ KANSAS CITY R. R.
AND CONNECTIONS,
vi
| VOL. LXXXIV.
RAILWAY STOCKS AND BONDS
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RAILWAY STOCKS AND BONDS
!>7
NEW YORK CENTRAL LINES
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NEW YORK CENTRAL & HUDSON RIVER RAILROAD
MICHIGAN CENTRAL RAILROAD
LAKE SHORE & MICHIGAN SOUTHERN RAILWAY
CLEVELAND, CINCINNATI, CHICAGO & ST. LOUIS RY.
DUNKIRK, ALLEGHENY VALLEY & PITTSBURGH R. R.
NEW YORK,CHICAGO & ST. LOUIS RAILROAD
LAKE ERIE & WESTERN RAILROAD
PITTSBURGH & LAKE ERIE RAILROAD
CHICAGO, INDIANA & SOUTHERN RAILROAD
RUTLAND RAILROAD
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98
RAILWAY STOCKS AND BONDS
RAILROADS.
For
i
explanation of column headings, &c.,
on
see
notes
'
first page of tables.
Date
of
of
...
150
200
203
Mobile Jack & K C—1st cons M $4,000,000 gold.Ce.c*
Gulf & C 1st M $5,000,000 gold guar red 110_-Col.c*
Equipment bonds gold due quarterly..
Mobile
Sc Ohio—Stock
First M Mobile to Columbus (principal gold)
F.c*
First M exten Columbus to Cairo & branch gold.F.c
General mortgage for $10,500,000 (now gold) sf.F.c*
Montgomery Dlv 1st M $4,000,000 gold
Ce.c*
Collateral trust gold ($2,500,000) call at par
G.c*
St Louis & Cairo llrst mortgage gold Interest guar.-C
Mobile & B Sh 1st M $200,000 assumed gold-.F.c*
Equipment bonds (mostly 6s)
1
do
do
Series
Series
Series
Series
A C F
“C” due semi-annually. N
“D” gold $34,000 due s-a
E, gold $46,000 due s-a. G
Equip notes $1,291,000 guar due part seml-ann
c
Joint equipment notes ($9,500 due semi-annually)..
Moh & Mai—1st M $15,000 p m g gu p & 1 (end)
K.c*
Consolidated mortgage $10,000,000 gold
G.c*&r
Monongahela RR—1st M $1,500,000 joint guaranty
Monongahela River RR—Bonds—See B & O RR.
Montana RR—First mortgage gold $2,000,000..Ce.c*
Montgomery & Erie Ry—1st M (old 7s extended In ’86)
Morelia & Tacambaro—1st M gold (see text)
Usmc*
Morgan's La & Texas—1st M (New Orl to Morg C) .F.c*
First mortgage Alexandria Extension gold
F
General mortgage
F
Morris & Essex—Stock 7 % guaranteed D L & W....
First mortgage
Ba
Cons M (for $25,000,000) guar D L & W
Us.c*&r
First ref M gold $35,000,000 guar p & 1 (end) _F.c* &r
..
Special real estate bonds
Morris & Essex Extension stock guaranteed 4 %
.
■
1904
$1,000
1895
1895
1903
1903
1905
200,1000
200,1000
1,000
1,000
55
506
189
161
38
___
182
35
100
55
102
157
204
1879
1883
1888
1897
1900
1886
1899
1898
1899
1901-5
1904
1,000
1905
1906
1907
1902
1892
1902
1902
1900
1866
1903
1878
1880
1893
500
500
1,000
1,000
1,000
1,000
1,000
1,000
1,000 &c
1,000
1,000
1,000
1,000,
1,000
1,000'
50
"85
119
119
-il
1864
1875
1900
Var.
250
&c;
1,000
1,000
—
100
on Dec. 15 1904.
In Oct. 1906 details of new securities had not been
arranged.
Stock, $450,000; par, $100.
Year 1905-06, gross, $60,698;
net, $3,220.—(V. 79, p. 2697, 2796; V. 80. p. 1059.)
MUSKEGON GRAND RAPIDS Sc INDIANA RR.—Owns road, Grand
Rapids to Muskegon, Mich., 37 m.; trackage, G. R. & Ind. at Grand Rapids,
3 miles.
Operated by G. R. & Ind. RR., which was foreclosed In 1896;
consideration, net earnings.
Stock authorized, $350,000; par, $100; Issued,
'$1,000.
Coupon of Jan. 1906 paid in Dec. 1906.
Earns, for year ending
Dec. 31 1906, gross, $161,151; net, $42,854; Interest on bonds, $37,500;
rentals. &c\. $6,029; bal., def., $675.—(V. 82 p. 219; V. 83, p. 213, 1591.)
‘'•NASHUA & LOWELL RR.—Owns double track road from Lowell, Mass.,
to Nashua, N. H.. 15 miles.
On Oct. 1 1880 leased for 99 years to Boston
<5b Lowell.
In 1887 lease was transferred to Boston & Maine, which pays
a rental of $73,000 (9% on stock); In Nov. 1906 54% extra was
paid lrom
accumulated cash surplus.—(V. 83, p. 970.)
NASHVILLE CHATTANOOGA & ST. LOUIS RY —(See Map.)— Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 m.; branches to Lebanon,
&c.. 515 m ; leases Western & Atlantic. Chattanooga, Tenn., to Atlanta.
Ga., 137 m., and Memphis & Paducah Division of the L. & N., 254 miles.
See V. 71, p. 544, 664, 864.
Total operated July 1 1906, 1,226 miles.
-ORGANIZATION.—A majority of the stock ($7,177,600) Is owned by
the Lou. & Nash., of which $5,501,500 Is pledged under Its unified mtge.,
etc., so that the systems are operated In harmony.
West. & Atl. Is leased
from State of Georgia till Dec. 27 1919 at $420,012 per annum.
DIVlD’S.l’89 to ’92
’93 '94 '95 to '98 ’99 to'03
'04
'05- '06
1907
■lnce 1888._/ 5 yearly.
3% 354 4 y’rly.
None.
5
5 Feb.,3
4
P - 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 mtge. of 1888 provides that all prior bonds shall be paid off
at maturity; sufficient of the $20,000 p. m. are reserved for them.
In 1905
the rate on future Issues was reduced to 4 %.
V. 81, p. 1044.
Jointly with Lou. & Nash, guarantees $2,500,000 L. & N. Terminal Co.
bonds.
See Lou. & Nash.
V. 75, p. 1354.
Guaranty of $21,000 Aetna
Iron, Mfg., Mining & 011 6s.
V. 77, p. 2390.
IT-LATEST EARNINGS.—July 1 to Feb. 28 (8 months):
J 8 mos.—
Gross.
Net.
Interest. Ac.
Bal.,Sur.
1906-07
$7,731,967
$1\631,901
$1,195,431
$436,470
1905-06
7,050,658
1,739,258
1,196,006
543,252
ANNUAL REPORT.—Report for 1905-06 was In V. 83, p. 815.
Years ending June 30.
1905.
1906.
1904.
1903.
Mileage end of year
1,226
1,226
1,201
1,195
Gross earnings
$11,120,982 $10,113,057 $10,206,022
$9,606,370
Net earnings
2,766,069
2,560,407
2,624,992
2,610,766
Investments. &c
18,455
18,930
18,297
22,065
•
..
$2,579,337
625,878
36,000
(5)500,000
$2,643,280
$1,183,286
625,878
66,000
(4)400,000
$2,632,831
$1,183,473
625,878
26,000
Balance, surplus
$453,992
$242,725
$368,126
$797,480
Pres., John W. Thomas Jr.; Vice-Pros., H. F. Smith; Chairman of Board.
E. C. Lewis.—(V. 82, p. 510; V. 83, p. 376,815; V. 84, p. 103.)
NASHVILLE & DECATUR RR.—(See Map Louisville & Nashville.) —
Owns from Nashville, Tenn., to Decatur, Ala., 119 miles.
Re-leased to
Lou. & Nash. In 1900 for 999 years, the rental being 7 54 % on stock.
The
Lou. & Nash. July 1 1906 owned $1,979,600 of the stock.— (V. 70, p. 1195.)
NASHVILLE TERMINAL RR.—Owns bridge across the Cumberland
River and 18 m. of track.
Leased for 99 years from May 1 1902 to Tenn.
Oeat. RR., which owns entire $1,000,000 stock.—(V 74, p. 577, 830.)
•
Amount
Rate
Outstanding
%
$700,000
900,000
600.000
5
4
5
4
5
5
g
g
pal, When Dus.
When
1
Payable.'
J
J
J
J
J
J
&
&
&
&
&
&
D
J
J
J
J
J
Where Payable, and by
Stocks—Last
Whom.
[
1,200,000
3,964.000
g
4,000,000
g
182,000
4M e
Q- J
6,070,600 See text. See text.
6
7,000,000
J
&
D
6 g
1,000,000
Q —Jan
4 g
M
&
S
9,471,555
5 g
F
&
4,000,000
A
4 g
2,497,000
Q— F
4 g
J
&
4,000,000
J
5 g
M
&
N
200,000
5-6
106.000
Various
5
Various |.
1.000,000
do
do
to
744,664 4
5 Various !
5
&
M
S Blair & Co, New York
890,000
5 73,000
4
J
&
J Guaranty Trust Co, N Y
824,000
S Guar Tr Co, New York
4V* g M &
See text.
5
&
A
O Guar Tr Co, NY or St L
4
114,000
Equitable Trust Co, N Y
4 g
M
&
2,500,000
S Knickerbocker Tr Co,NY
3,900,000
S Grand Cent Station, N Y
354 g M &
1 428,000
&
O Philadelphia, Pa
354 g A
...
See text.
130,000
1,200.000
5,000,000
1,494,000
1,000.000
15,000,000
5,000,000
11,677,000
12,600,000
1,800,000
221.000
5 g
5
5 g
7
6 g
5
7
7
7
J
M
J
A
J
J
J
M
J
3*4 g J
J
4*4
4
M
&
&
&
&
&
&
&
&
&
&
&
&
Dividend.
Seab Nat Bk.N Y & Clev iJune 1 1944
J P Morg & Co,NY; &Lon Jan 1 1907 2%
J P Morgan & Co, N Y July 1 1945
do
do
July 1 1945
Colonial Trust Co. N Y Jan
1 1953
See text.
July 1 1953
To July 1910
Dec24’06 2*4 %
Farmers’ L & Tr Co, N Y|Dec 1 1927
do
do
July 1 1927
Gallatin Nat Bank, N Y Sept 1 1938
do
do
Feb
1 1947
Guar Trust Co, New Yrork May 1 1930
Farmers’ L & Tr Co, N Y Jan
1 1931
First Nat Bk, Mobile. Ala May 1 1949
Farmers’ L & Tr Co, N Y To 1908
_
closed
$1,174,734
&c
1,000
1 000
MORGAN’S LOUISIANA & TEXAS RR. & STEAMSHIP CO.—(See Map
of Southern Pacific.)—ROAD.—Owns Algiers to Cheneyvllle, 205 miles;
branches, 110 m.; trackage to Alexandria, 24 m.; total railroad lines, 339 m.;
steamship lines and ferries. 806 miles.
ORGANIZATION.—The Southern Pacific Co. owns all of the $15,000,000
stock, but road operated Independently since 1901.
In year ending June 30 1900, gross, $5,161,954; net,
Including other In¬
come, $1,833,570; surplus over charges, $1,178.475.—(V. 76,
p. 543.)
MORRIS Sc ESSEX RR.— (See Map of Delaware Lackawanna & Western.)
—Owns from Hoboken, N. J., to Phllllpsburg, N. J., 85 miles; branch
Denvllle, N. J.. via Morris & Essex Tunnel, to Hoboken, N. J., 35 miles;
leases 37 miles; total operated, 157 miles.
LEASED In perpetuity to Delaware Lackawanna & Western, which
assumes all liabilities and guarantees 7 % per annum on stock.
BONDS.—Of the $35,000,000 1st refunding 3*4s, $23,400,000 were re¬
served to retire existing bonds and $11,600,000 were applicable to additions.
V, 70, p .480, 477: V. 71. p. 1167.
Guaranty. V. 74. p. 1308.
EARNINGS.—Important to D. L, & W. with terminal facilities on N.Y.
Harbor, but the earnings show a deficit after payment of rental (Including
$1,050,000 dividends), viz.: In 1905, $585,394; 1904, $673,172; 1903, $449 121; 1902, $595,976; 1901, $1 .415,179 —(V. 74 p. 1308; V. 82, p. 805.)
MORRISTOWN & ERIE RR.—Owns Morristown, N. J.. to Whlppany,
4 m.; branches, 9 U m.
A consolidation In Aug. 1903.
Stock, $400,000,
all outstanding; par of shares, $100.
Bonds are subject to call for s. f. at
anytime.
Year ending Dec. 31 1905, gross, $48,469; net, $11,313.
Pres.,
R. W. McEwan, 11 Broadway. N. Y.—(V. 77. p. 511.)
MOUNT CARBON & PORT CARBON RR.—Owns Mt. Carbon to Port
Carbon, Pa., 3 m.; 2d track, 2 54 m.; total track, 16 miles.
Leased March 5
1860 for 50 years to Phlla. & Read. RR. and lease assumed In 1896 by
Phlla. & Read. Railway.
Rental, $36,250 yearly.
MUSCATINE NORTH & SOUTH RY.—Muscatine. Iowa, to Elrlck, on
owa Cent., 28 m., with which It has traffic contract.
V. 76, p. 654.
In¬
corporated In March 1905 as successor of the railroad of same name, fore¬
Net Income
$2,784,524
Interest on debt and tax $1.169,670
Rentals
624,862
Miscellaneous
36,000
Dlv. on stock
(5)500,000
&c
1,000
1,000
500, &C
Ottawa: Gilbert E. Farquler, V.-P. and Gen. Mgr.: Jacob L. Greatslnger,
2d V.-P.; C. L). Knapp Jr., Sec.-Treas., 111 B’way, N. Y.— (V. 83,
p. 562.)
«
&c
1,000
500
j Bonds—Princi¬
or
Par
Value.
100
472
Equipment trusts “A” & “B” $500,000 each sink fd
do
do
do
do
Size,
100
150
do
do
INTEREST OR DIVIDENDS.
Miles
Road. Bonds.
Mo River & Northw—1st M gold $1,000,000 red (text)
Mobile & Birmingham RR—Pref stock ($900,000)
[VOL. I.XXXIV,
1919
To 1908
Sep ’06-Mar ’ll
Sep ’07-Mar ’16
Apr ’08-Cot ’14
To June 15 1912
Sept
1
1991
Mar
Oct
1
1
2002
1942
J Central Trust Co, N Y
July
N Goshen, N Y
May
JUS Mort & Tr Co, N Y Jan
O S P Co, 120 B’way, N Y April
1 1930
1 1926
1
1943
1
1
1
1918
1920
J
do
do
1913
J Del Lack &'Western ,N Y Jan 1 ’07 3*4 %
N
do
do
May 1 1914
Ji
D
D
Ji
N
do
do
July
July
do
do
do
do
do
do
do
do
June 1
Dec
1
1912
1915
2000
'May 1907 2 %
NATIONAL RR. OF HAITI—V. 84, p. 450.
NATIONAL RR. OF MEXICO.— (See Map.) —Operates:
Standard Gauge—Owned.
Miles.
Narrow Gauge—Owned.
Miles.
Laredo to City of Mexico
802 City of Mexico to Uruapan
313
Santiago to Taouba (3-rail track)
3 Acambaro to Gonzales
55
Colonla to Tacuba (3-rall track)
Leased—
c
3
Clntura line (3-rail track)
3 Mlchoacan & Pacflc Ry., MaSan Juan Jet. to Jaral
50
ravatlo to Zitacuaro
57
Vanegas to Matehuala
40
Rincon to Pozos
Total lncl. In earnings
37
.1,730
205
Monterey to Matamoros
Controlled—Earnings separate (see
Other
31
separate statement for each).
Controlled—Secur. owned.
Mexican International RR
911
Texas
Mexican
Ry., Corpus
Interoceanlc Ry. of Mexico
736
Chrlstl to Laredo, Tex., and
branch
162
Total standard gauge
Grand total July 1 1906
1,305
3,377
The Mexican International RR
controlled by ownership of majority
of stock, extends from connection with the Southern Pacific at Eagle
Pass,
Tex., to Durango, Mex., and to the National RR. of Mexico at Monte¬
rey, with branches, 911 miles In all.
Extension from Monterey to San Miguel, 130 m., was completed
Apr.1905
Standard-gauge train service Inaugurated between Cornus Chrlstl and
City of Mexico on Nov. 8 1903.
In March 1906 the Hidalgo & Northeastern, 152 miles
(narrow-gauge),
with branches, was acquired at a cost of $3,183,159, U. S. currency.
V. 82,
p. 751.869, 1380; V. 83, p. 1120.
ORGANIZATION.—Incorporated In Utah on Feb. 24 1902 as successor
without foreclosure of Mexican Nat. RR., per plan In V. 73,
p. 784.
MEXICAN GOVERNMENT, &c.—In June 1903 the Mexican Gov.
pur¬
chased for $9,000,000 about 47% of the entire
outstanding stock (see V. 76,
p. 1301; V. 77, p. 451; V. 77, p. 1225, 2159.
The National Co. acquired the £1.038,000 Interoceanlc
Ry. of Mex. 2nd
deb. stock, the latter, with preference and com. shares owned and since ac¬
quired, giving practical control, thus securing for the National a line from
Mexico to Vera Cruz and an outlet to the Gulf of Mexico.
(See below.)
In April 1907 consolidation of the National RR. of Mexico and Mex. Cent.
Ry. was pending, the Mexican Government to acquire control of the con¬
solidated company, to be known as the United National
Railways of
Mexico, which sec on a subsequent page.
V. 83, p. 1470; V. 84, p. 51.
STOCK.—Com. stock was $33,350,000, and pref. (now 1st pref.),
4%
$32,000,000, all Issued, of which $3,167 075 In treasury June 30
1906.
In Oct. 1903 the com. stock was mostly exchanged for new
5% noncumulative 2nd preT. stock Dotal Issue to be $22,233,333) and deferred stock
(total Issue to be $11,116,666) at the rate of two shares of 2nd pref. and one
share of deferred for every three shares of com. stock, per
plan V. 76, p.
1192.
Outstanding. 1st pref., see above; 2nd pref.,
non-cum.,
$22,031,600; deferred
$11,015,800; com., $346,700; par of shares, $100 each.
The llrst pref. has
prior right to 4%, then 2nd pref. 5%, then 2nd pref. and deferred share
,
a
pro rata.
DIVIDEND.—Dividend on first preferred 1%, paid Aug. 1906; Feb.
1907, 1%.
V. 83, p. 156.
BONDS.—The prior lltn bonds can be Increased above $23,000,000 only
to refund, $ for $, Mexican Internal. RR.
prior lien bonds, now $5 850.000.
First consolidated mtge. 4 % gold bonds.
Total Issue (except to re¬
fund, $ for $, Mexican Internat. RR. 1st consols, now $7,503,000) not to exceed $60,000,000, of which there are reserved:
Reserved to retire new prior lien bonds when due
.$23,000,000
Reserved for Improvements and new equipment, at not ex¬
ceeding $500,000 a year
4 605,000
Reserved for acquisitions of new property and for extensions
at not exceeding $10,000 per mile of
standard-gauge line,
or $7,500
per mile of narrow-gauge line, on which the con¬
sol. mortgage will be a first lien
6.946.000
The new Issues of bonds are secured by a 1st and 2nd lien
respectively on
all the property of the company now owned or
provided for under the re¬
adjustment and the El Salto extension when constructed, and also upon the
securities of the Texas Mexican Ry., and the consol, mtge. has also a
1st lien
on $15,786,100 of the $20,708,200
capital stock and all of the $4,499,000 In¬
comes of Mexican Internat.
Of the $25,449,000 consols Issued. $1,059,000
June 30 1906 were In treasury or pledged for gold notes of 1903.
Of the Mexican Internat. consol 4s, $6,501,000 are
guaranteed, prin¬
cipal and Interest. See that company’s statement; also V. 75, p. 77.
GENERAL FINANCES.—In 1903 $8,500,000 two year
(extended In
1905) 5 % notes (authorized Issue, $10,000,000), were sold to pay for control
of Interoc. Ry.
They are subject to call at par on 60 days notice; denomi¬
nations, $1,000 and $5,000 each.
They are secured by deposit of £1,038.400
Interoc. Ry. of Mex. 2nd deb. stock, £1.251,830 ordinary and £102.000 7
%
cum. pref.stock, $3,000,000 Mexican Internat. 1st consols
(stamped guaran¬
teed) and $1,050,000 Nat. RR. of Mex. 1st consols.
The remaining $1,500,000 notes may be Issued on deposit of additional security.
In Apr. 1906
final $3,000,000 prior lien bonds were sold to
pay for the Hidalgo & North¬
eastern RR.
V. 82, p.869,1380.
EARNINGS.—8 mos. J 1906-07
Gross, $9,993,077; net, $3,638,063.
July 1 to Feb. 28.
11905-06
Gross,
8,940,305; net, 3,388,859.
Above figures are In Mexican currency.
See also V. 77, p. 1225.
ANNUAL REPORT.—Fiscal year now ends June 30.
Report for 6 mos.
ending June 30 1906 (see below) was In V. 83, p. 1091, 1119; edit., p. 1069.
Report for 1905, with bal. sheet, &c., was given In V. 82, p. 800, 812; edit.,
p. 779.
Gross and net earnings below arc given In Mexican currency, the
income account In U. S. currency.
For earnings of the Mexican Interna¬
tional (operated separately), see that company. •
Earnings for 6 months ending June 30 1906, gross (Mex. cur.), $7,393,925,
against $6,110,346; net, $2,909,740, against $1,967,556; net earnings (U. S.
cur.), $1,454,870; other income, $195,747; total net Income. $1,649,617;
lnt., discount, &c., $1,219,824; dlv. on pref. (1%), $288,329; bal., sur,
$141,464.
C5
MAP OF THE
Nashville, Chattanooga
H St. Louis Railway
AND CONNECTIONS
m
Q
O
PQ
Q
5Z5
<1
m
M
o
O
Eh
go
s
hH
<
t-
O
05
g
3
.100
RAILWAY STOCKS AND BONDS.
RAILROADS.
For explanation of column headings, &c., see notes
on first page of tables.
Miles
Date
of
of
Road. Bonds.
Morriitown A Brie—1st M $300,000 gold sinking fund
Mt Carbon & Port Carbon RR—Stock (rental
guar)..
INTEREST OR DIVIDENDS.
Size,
or
Par
Value.
1903
Amount
Rate
When
Outstanding
%
Payable.;
$1,000
$250 000
5 g
12
282,350
4 g
160,000
5 g
750,000
4
70,000
800,000 See text.
.
50
Munising—First mortgage gold
:
38
1900
1,000
uakegon Grand Rapids & Indiana—1st M gold__Ce
37
1886
1.000
arragansett Pier RR—First mortgage $100,000
8.5
1896
1,000
ashua A Lowell—Stock 9% rental 92
15
years B A M
100
ashville Chattanooga & St Louis—Stock
100
First mortgage (for $6,800,000)
c*Ar
340
1873
1,000
First M on Fayette and McM brs ($6,000 p m) ._c*Ar:
125
1877
1,000
First mortgage on Lebanon Branch
.c*
29
1877
1,000
First mortgage on Jasper Branch
43
1883
1,000
Ce.c*;
First mortgage on Centrevllle Branch gold__Ce.c* Ar
46
1883
1,000
First mortgage on Tracy City Branch
c*Ar
20
1887
1,000
Duck R RR second mortgage (now tirst mortgage) g
48
1881
Cons M ($20,000,000) $20,000 p m gold
803
Us.c*
1888
1.000
Nashville A Decatur—Stock guar 7 ^ % by L & N
119
25
Naihvilie Florence A Sheffield—See Louisville A Nash vllle.
Nashville Term—1st M gold lnt rent red 105
i
1902
1,000
National RR of Mexico—1st pref stock (other see text)
j
100
Prior lien M $23,000,000 gold call at 105
Un.c*’ 1,443
1901
500 Ac
First consol M $60,000,000 gold (see text)
Ce.c*- 1,663
1901
500 Ac
Collateral notes $10,000,000 gold redeemable
!
1903
1,000 Ac
Naugatuck—See New York New Haven & Hartford.
Nevada-California-Oregon—First M $1,500,000 gold. J
144
1899
1,000
Nevada Central—1st M gold non-cum Inc (sink fd)_Ce
94
1888
1.000
Nevada County Narrow Gauge—First mortgage
22 Vi
1896
i
1 000
New Brunswick Coal A Ry—First mortgage
Ce
46
1887
1,000
New England—See New York New Haven A Hartford
New Haven A Northampton—See New York New Ha! ven A Hartfo rd.
New Jersey Junction—1st M guar $4,000,000. G.cAr
5
1886
1.000
New Jersey A New York—See Erie RR Co.
New Jersey & Pennsylvania — 1st M $1,000,000 gold. I
26
1905
1.000
New London Northern—Stock
121
100
Consol mortgage (now 1st M) ($688,000 are 4s)..c*
121
1880
1,000
West River first mortgage guaranteed nrin A lnt
1005
35
New Orleans Great Northern—First M gold
K.c*Ar:
100
1905
1,000 Ac
New Orleans A North Eastern—Stock $6,000,000
196
100
Prior Hen mortgage gold
Ce.c*
190
1885
1.000
First mortgage gold
F.r*
196
1881
1 .000
--
—
.
.
,
,
EARNINGS YEAR END. DEC.31.
1905.
1,712
Gross earns. (Mexican currency)
Net earnings (Mexican currency)
Net earnings (U. S. currency)
1904.
1,586
1903.
M
J
A
J
F
M
10,000,000 See text. F
7
6,300,000
J
6
750,000
J
300,000
6
J
6 g
371,000
J
6 g
376,000
jJ
6
J
279,000
Where
i
Payable, and by
Whom.
Bonds—Prlncipal. When Due.
Stocks—Last
Dividend.
A
S Brooklyn Trust Co. N Y Sept 1 1923
A J 15 Reading Terminal, Phila Jan 15 ’07
6%
A
O Amer Trust Co. Clevel’d Oct
1 1925
A
J Jan 1906 paid Dec 1906 July 1 1926
A
A R I Hosp Tr Co, Prov Aug
1 1916
N Tnrilan FTn Rank Nashna'Nov 1906 S
A
%
&
A New York and NashvllleiFeb 1 ’07 3 %
A
J Hanover Nat Bank, N YiJuly 1 1913
A
J
do
do
Jan
1 1917
A
J
do
do
Jan
1 1917
A
J
do
do
Jan
1 1923
A
J
do
do
Jan
1 1923
A
J
do
do
Jan 1908 to 1917
A
N
do
do
Nov 1 1909
A
O
do
do
April 1 1928
A
J Nashville
Jan 1907 3H %
6 g
5 g
7 H
iM
'A
1,000,000
32,000,000 See
5 g
text
23,000,000
24,496.000
4 W g J
4 g
A
5 g
A
J
A
J Mercantile Tr Co. StLouIsiJan
1 1932
See text Ollice, 60 Wall St, N Y
Feb 11 07, 1%
&
J .Speyer A Co, New York!Oct
1 1926
A
O
do
do
1 1951
Oct
A
O
do
do
1 1907
Oct
21,000
7,608,000
3,553,750
8,500,000
J
507,000
750,000
219,000
540,000
7
«
M
J
J
M
A
A
A
A
N
J
J
N
1,700,000
4
F
A
AiN Y Central A
.
Average miles operated
VOL. LXXXIV.
5 g
a
See text.
1,500,000
1 ,500.000
4
75.000
S
5 g
9
J
A 5
J
A
Q—J
4
A
A
Wells, Fargo A Co,
N Y, London A
St
May
1 1919
2 1938
S Fr To 1924
John Nov 1 1937
July
Hud RIv Feb
1
t986
J
Corp’p Tr Co, Jersey City Jan
1 1930
New London Office,
Apr 1907 2 M %
J Bank of North Araer, NY July 1 1910
J
n
5 g
F
A
A
6,000,000 5 111 1906 Yearly.
1,320.000
6 g •- A
A
O
100.000
6 g
J
A
J
3
Moran Bros, New York
See text
370,000
.
Fisk A
.
.....
Robinson, N Y
85 years
Aug
1
1955
New Orleans. La
Dev 1 1906 5 %
Central Trust Co, N Y
Nov l 1915
Muller. Seliall A Co, N Y Jan 1911
Vlce-Pres. and Sec., C. I. James; Gen, Counsel, Marlin E. Olmsted:
Treas.,
F. A. Lehr; Gen. Mgr., N. G. Pearsall.
Directors; Messrs. Goodyear,
James, Olmsted, Pearsall, James D. Lacey and E. H. Farrar.—V. 81.
p.
841; V. 82, p. 752, 869. 987.)
1,452
$12,755,723 $11,569,248 $11,344,019
4,471,068
3,864,576
3,709,430
2,219,094
1,786,884
1,563,086
INCOME ACCOUNT—(UNITED STATES CURRENCY.)
1905.
1904.
|
1905.
1904.
$
S
I
Deduct—
$
$
Net earnings
2,219,094 1,786,884 ! Taxes & exch
48,868
24,563
Int.,dlsAexeh
21,659
5,046 j lnt. on bonds
2,208,410 2,174,740
lnt. on bds., Ac.
515,814
550,3581 lnt. on loans...
68,557
55,390
Gain on Mexican
Texas-Mexlcan
;
money assets.
13,845
102.9231
Ry. net earns.
32,319
NEW ORLEANS & NORTH EASTERN RR.—New
Orleans, La., to MerStock, $6,000,000 (par, $100), of which $5,320,000
and $4,955 000 gen 4 !4s and $1,500,000 Incomes were held In Jan. 1907
by
i Ala, New Orleans Texas & Pac. Jet. Ry.
j
Reorganized In 1902 per plan In V. 74, p. 681
Dividend on stock 1903
and 1904, 3% each; 1905, Dec. 1, 3
%; 1906, 5%.
Of the gen. 4
I $1,320,000 are reserved to retire the remaining prior Hen bonds and
$1,198.
! 000 for future requirements.
Equipment notes of 1906, V. 82, p. 987.
EARNINGS.— For 8 ‘i months ending March 7 1907,
gross, $2.214,314
i against $1,971,925 in 1905-06. Report for 1905-06, V. 83, p. 1345.
i
I
__
,
Idlan, Miss., 196 miles.
,
Total.
2,770,412 2,445,2111
Total
2,358,154 2,373,591
Surplus for year
412,258
71.620
DIRECTORS.—Cleveland II. Dodge, Adrian Iselin Jr.. J. N. Wallace.
Charles H. Tweed. Joseph P. Cotton Jr., L. F. Lorce, Cayetano Romero,
all of New York: Guillermo de Lamia y Eseandon. Emilio Velasco, E. N.
Brown. Jo*?e M. de Landero, Pablo Macedo,
Santiago Mendez, M. M. Rey¬
nolds. Roberto Nunez, all of City of Mexico.
OFFICERS. — Pre-'., E. N. Brown: V. P., D. P. Bennett: Treas., J. M.
Frazier: Comp., M. \I. Revnold<: Sec.. A. Arriaga.
N. Y. office, 60 Wall
St.— (V. 82. p. 1280- V. 83. p. 156. 1037. 1091, 1119, 134S.
1471; V. 84.
p. 339. i
..
!
.
!
i
|
|
j
I
Yr. end. June 30—
Gross.
Net.
Oth.lnc.
lnt. ,&c. Balance.
1945-06
$3,001,977
$773,844
$21,507
$394,255
$401,096
1904-05
2,563,776
657,054
14,065
406,995
264,124
From surplus paid dividend of 5% ($300,000) Hi
1905-06, against 3 *4%
($210,000) in 1904-05. — (V. 83. p. 1345, 1348.
NEW ORLEANS TERM INAL CO.—Owns extensive terminal
property at
New Orleans and a belt railroad around the city, leased to the St. Louis A
San Francisco and Southern Ry. for 99 years from July 1 1903, rental cover¬
ing all expenses of operations, maintenance and charges.
Southern Ry
and St. Louis & San Francisco each own half of the $2,000,000 outstanding
stoeic ($5,000,000 authorized), and jointly guarantee the bonds.
In April
1907 $2,500,000 2-year 6% notes, guaranteed by two lessor companies and
secured by $4,000,400 bonds, were sold.
V. 84. p. 931.
Pres., C. C.
Harvey.
See V. 7-s, p. 343, 1447; V. 79, p. 1466; V. 81. p. 155; V. 83.
p. 272; V. 84, p. 508, 951.
NESQUEHONING VALLEY RR. — Owns from Nesquehonlng Jet., Pa., j
to Tamenend, Pa., 17 miles: Tunnel Branch to Lansford, Pa., 1 m.
Leased
for 999 years to the Lehigh Coal & Navigation Co., which called the stock |
for pavment at par and Interest on Sept. 1 1904. and holds It In its
treasury; |
Bee “Del. Dlv. Canal." V. 66, p.
1139.— (V. 79, p. 103.)
NEW YORK BROOKLYN & MANHATTAN BEACH
RY.—Owns from
NEVADA & CALIFORNIA RR.—V. 81, p. 1242.
! Fresh Pond Junction to Manhattan Beach (Coney
Island), and branches to
NEVAD A-C A L I I'O R NI A-ORE 0 n N R V.— Reno,Nev., to
Madeline, Cal., j Bay Rklge and Greenpolnt, 18 miles, of which 16 miles double track.
144 mile*?; extension proposed to Lake View,‘Ore., 95 miles, of which Made¬
LEASE, &c.—A consolidation Aug. 27 1885.
Leased for 99 years from
line to Likcv. 20 miles, completed at end of 1906 and 20 in. from
Likely to | Oct. 1 1885 to the Long Island RR. Co., which owns majority of stock,
Alturas- to
built in 1407.
Toe Sierra Valleys RR.. Plumas to Mohawk, j Rental, Interest on bonds and 5 %’on pref. stock.
Common stock, $350,000.
Cal.. 37 in.. Is controlled i>at operated Independently.
V. 79 p. 2641. i L. I. RR. has attached to the bonds Its unconditional guaranty of prlnciStoeic. common. $1,450,000; pref., $750,000, all out.
Bonds all exchanged ; pal and Interest In addition to facts as to lease.— (V. 83; p. 134s.,
for 5s in 1901 02.
NEW YORK & CANADA RR.—Whitehall, N. Y., to Rouse’*
EARNINGS.—8 m<D.. ’ 1900-07
Point,
Gross, $ IS l .902; net, $109,313
| N. Y., 113 miles; branches, 38 miles. Stock, $4,000,000 common and
July 1 to Feb. 28.
' 1905-00
.Gross, 155,070; net,
69,907 j $5,000,000 5 % non-cumulatlvc
all
preferred,
owned
the
by
Del.
A
Hudson,
Surplus over charges. $44,330 In 1906-07, against $51,157.
j Bonds ($5,000,000) retired May 1 1904. — (V. 70, p. 786. 968, 2697.)
Report for yea,- 1905 06 was id V. 83, p. 1345, showing, gross, $229,128;
NEW YORK CENT. & HUD. RIVER RR.— (See
net, $104,361; other Income, $19,880; bit., taxes, Ac., $44,193;
Maps, pp. 06, 07.)
Improve¬
Lines owned.
ments, $190: ba1
4 .55
Miles. \
Pres., 1). C. Moran, 68 Wiliiam St,
Operated under contract—•
New York to ButTalo
New York.
(V. 74. p. 2641; V. 8]
441 iTerminal Ry. of Buffalo*.
11
Branches
NEVADA CENIR \L RR.
Battle Mtn., Nev., to Austin. Nev., 94 m..
368| St. Lawrence A Adirondack*
56
Proprietary lines
31 Cherry'Tree A Dlxonville
narrow-gauge.
Stock. $750.ooo.
No interest paid on bonds by railroad
36
Lines leased. (*See this co.)
for many years; 1 % was from earnings on hand J me 30 1900.
! Trackage
235
V. 83. p.
.
_
.
.
.
_
„
*
—
..
.
_
1291.
in
Nov. !406 the Nevada Centra! Ry. was incorporated in New .jer¬
to purchase the securities of the railroad] transac¬
tion not comp'eted to Jan. 12 HM7.
V. 85, p. 1291.
Earnings for 1905-06,
gross. $61,250; tie', $30,168: hit. on bonds (4%
paid), $30,000.
Pres., J.
G. Phelps-Stoke.-. -(V. 83, p. 1291.)
sey
with $750.Out) dock
NEVADA COUNTY NARROW-GAUGE RR.—Colfax Jo
Nevada City,
Cal., 22 H miles. Stock. $250,200: par of shares, $100 each. Dividend of 5 %
(fourth since organization) was paid Dec. 1903; In 1904, Mch., 5%;
Nov.,
5 %: In 1905, Sept., 5%. Bonds are payable In annual Instalments Increas¬
ing from $4,000 In 1902 to $20 000 In 1924.
Year 1905 gross, $127,253;
net. $40,018; Interest. $15,750; Improvts., bonds
redeemed, Ac., $7,830;
dividends (5%), $12,510; bal., surplus, $3,928.
Pres., Mrs. S. A. Kidder,
Grass Valley. Cal.—(V. 79. p. 2796.)
NEW
BRUNSWICK
COAL
A
RY—Norton
Station
(on
Intercolonial
Ry.), N. B., to Chlpman, N. B., 46 miles, opened In 1888/ Name changed
from Central
Ry. of New Brunswick early In 1904.
Stock, $400,000, all
outstanding. Year ending June 30 1904, gross, $9,315; net, $394. Pres.,
C. N. Skinner. St. John. N. B.—(V. 63, p. 116.)
.-NEW ENGLAND RR.—See N. Y. New Haven & Hartford.
NEW JERSEY JUNCTION R R. —Terminal road through
Jersey City,
Hoboken and Weehawken, about 5 miles. Lea-sed for 100 years
from June
SO 1886 to N. Y. Central, which guarantees the bonds
absolutely arid owns
$100,000 stock.
Connects with National Dor k4? Ry.
NEW' JERSEY & NEW YORK RR—See
page 174.
NEW JERSEY & PENNSYLVANI A RR.—See
page 174.
NEW LONDON NORTHERN RR.—Owns from New
London. Conn., via
Bratth-boro, \Y.. to Smith Londonderry, Vi., '.5*
LEASED for 99 years from Dec. 1 1891 to Central Vermont. The rental Is
$213,552 per annum, which leaves a small surplus after
providing for Inter¬
est. Ac., and 9 % dividends. 'Faxes and Improvements rnet
by lessee, with¬
out elaltn on New London Northern.
DIVIDENDS.—1888 to April 1892, 7 % yearly, then 8 % yearly to 1893,
April 1907 (inrl.t, 2 ' i "5 qu-ur. Li% per an.)
(V. 76. ft. 1301.)
and since to
NEW ORLEANS GREAT NORTHERN RR.—(.85,
Map. * -Slidell, La.,
northward into Mississippi. 65 miles; P«-irl R1\«*r to Folsom,
La,, 37 miles;
bra lie:1 to Mande\fl!e, 12 tulies; t iaek;tir<-. Siideb to New
Orleans, 29 miles;
to’al operated, ] 13 miles.
Building'to Jackson. Miss.. ].52 miles'from
Slidell
Distance trout Jackson to New Orieans. Fan miles.
Branch line
under construction. 12 miles. \ ha Frartkllntou and Tylepowu,
connecting
wi’h the Illinois <
ra! at IVruwood, Miss. A bra neb. 29 miles, under con
,s'f union Hum Xi'de;|, La., to AbSt.t
Springs, La., via Mauduvlile.
Total
o'mr.a.ud *o be about 254 miles.
'Traverses valuable pine timber lands.
V. 84, p. 498, 1235, 1913.
'Ttiis company purchased East Louisiana RR.
Stock. $2,549,490.
Bonds. $19 444,09') au'tiori/cd (see «ab’e above), all (exee.it
$5,0 in 000
issija). V '■••• i<4 mlmtK, equipment, b'bju*
&<•.) arc limited to $30,0'4 p<-r
mile of
>•',* aod $ 15,4 K) urn- mile of double track.
See V 81, p. 84 i.
oriice:-.; Pretf’.de'it, F. H. Goodyear
1st Vice Pres
C. W. Goodyear; 2nd
,
,
West Shore*
479
6
6
137
5
Troy A Greenbush*
Spuyten Duyvll A Pt. M.*
Total In earnings
Controlled—Operated
.
3.784
Separately.
New York A Harlem*
Lake Shore A Mich. So.*
1.320
New Jersey Junction*
Michigan Central*
1.743
Rome Watertown A Ogden*..
624 Lake Erie Alliance A Wheel¬
Mohawk & Malone*
182
ing
5
83
Carthage & Adirondack*
46 N. Y. Chic. A St. Louis RR.*
523
Gouverneur A Oswegatchle*.
13 Lake Erie A Western*
\
New York A Putnam*
59 Northern Ohio*
j
885
Boston A Albany*
393 "Big Four” System*
2,334
New York A Ottawa*
128 Chicago Indiana A Southern*_
400
Fall Brook Ry., Ac.*.
231 1 Cincinnati Northern*
241
Beech Creek RR.*
163
All. Val. A Pitts.*
91
Beech Creek Extension RR.,
| Pitts. A Lake Erie system*191
etc.*
128 | Rutland RR
4 68
Wallklll Valley
331
Total owned and controlled .i an. 1.907 (327 miles 4 tracked)
12,277
In July 1906 control of the Little Falls A Dolgevllle
RR., 10 miles, wan
acquired
V. 83, p. 272.
In Dee. 1906 the Chicago Kalamazoo A Saginaw
Ry.. Pavilion to Woodbury, Mich., 55 miles, was purchased.
V. 84, p. 52.
Also controls Lake Eric A Pittsburgh
Ry.. completed from Lorain. O,.
southeast to Berea, 13 miles, and to be extended to Cleveland and
Youngs¬
town, making about 120 miles In all.
V. 83, p. 1037
HISTORY, Ac.—Control of the Lake Shore and Michigan Central roads
was aequred In 1898, as stated below.
Their earnings are reported
sepa¬
rately, but the dividends on their shares held by the Central are Included
In
the Item "other Income," offset In part by Interest on the collateral bonds
I sued for their purchase.
V. 7V. p. 502; V. 78. p. 48.
In 1900 an understanding was reached between the Vanderbilt and the
Penn.
Interests, by which the latter became Jointly Interested In Ches. A Ohio
Ry.
V. 70 p, 76, 1 25, 1049.
Holdings of Vanderbilt estate, V. 71, p. 1221.
N. Y. A Ottawa was acquired at foreclosure Dee. 1904 and In Jan. 1905
control of the Rutland and St. Lawrence A Adirondack.
V. 79, p. 2589
2648, 2796; V. 80, p. 222, 1240; V. 82, p. 934.
Since 1906 the subsidiary lines, with the exception
of the N.Y. Chicago
A St. Louis, are known as the “New York Central”
V. 81. p. 1792
lines.
STOCK-. —Dividends on stock registered In London are
payable In gold
at 49:2<i
to dollar.
In 1902 $ 16.9 12.990 new stock v.as subscribed far by
*0oekholders pro rata
at $ 125 tier shan*.
In Dec. 1905 ?, 1 7,1 92.500 stoek at
V. 81, p. 14 93.
par.
Stockholders voted April 18 1946 to Increase the limit of authorized stock
from $154,449,490 tit $250,000,990.
S'orki'uM'ers.ln 1946 -mbscribcH at par for $29,839,560 new stock,the
pro¬
ceeds
be
ed for
.
{Dunkirk
.
to
u
improvements, rolling stock,and
terminal improvements
In New York. r.aMug ti c amount outstanding to about
$179,282,000.
The
new sock will receive ail dividends declared after
Jan. 15 1907.
V. 83,
p
6 S8, 818, 1 937.
DIVIDENDS.—
%
Since 1891.
’93.
5
’94. ’95.
5
4F,
’96-98, ’99.
4 .v’rly
4
1000 to Oct.’06.
1907
5 yearly BJ.-J.) Inc Jan.f
Apr..
19i»7J
RAILWAY STOCKS AND BONDS.
MAP
OP
TIIK
NATIONAL R.R.
of
MEXICO
MEXICAN INTERNATIONAL R. R.
AND
INTEROCEANIC RY.
C
OF
MEXICO
)0t
i
102
RAILROADS.
For
II,,00
RAILWAY STOCKS AND BONDS
explanation of column headings, &c.,
on first page of tables.
New Orleans A
Northeastern—(Concluded;
Miles
see notes
Date
Size,
of
of
Road. Bonds.
—
INTEREST OR DIVIDENDS.
or
Par
Value.
[VOL.
Amount
Rate
When
liOutstanding
%
Payable.
Where
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
Payable, and by
Whom.
General mortgage $8,000,000 gold
F.c*i
196
1902
$1,000 $5,322, 000
4 Vu g J
A
J Farmers’ L A Tr Co
Income mortgage (non-cum) $1,500,000
196
gold._N.r
1902
1,000
1.500, 000 Up to4 H % g (If e arned) on Dec 1
Equipment notes gold due $39,000 semi-annually. _i
1906
1,000;
000
468,
New Orl Term—1st M
O New .York
4M g; A A
$15,000,000 gold guar_S.c*Ar;
1903
1,000 Ac j 10,000, 000
4 g
J
A
J Standard Trust Co,
Notes guaranteed
1907
j
6
2.500 000
A
A
N Y Bklyn <5c Manhattan Beach—Pref
o
stock non-cum.i
ioo!
650, 000
5
A
A
O Checks mailed.
First cons M (now 1st M) gold guar by L I
Ce.c’i
1885
1,000:
1,726, 000
5 g
A
N Y Cent & Hud River—Stock
A
O U S Mort A Trust Cc
($250,000,000 autli) Tr;
100 179,282 000 See text.
Grand Cent Station
Q— J
Refunding mortgage $100,000,000 gold
Ce.c*Ar
809
1897
1,000
Ac
000
85,000,
A
3H g J
J
Coll trust gold ($100,000,000) Lake Shore stk.
do
do
G.c* &r;
1898
&c
1,000
4oo;
90,578,
F
A
A
3H g
do
do
do
do
($21,550,000) Mich Cent stock.G,
1898
A
c
445!
3
19,336,
F
A
A
Debentures (V 69, p 1102; V 71,
X g
do
do
p 502, 964)
1900 I
5.500, 000;
A
J
3H g J
do
Debentures $50,000,000 gold
do
Us.c*Ar
1904
1 ioo’o" Ac
30,000 000!
4 g
M
A
N
Notes $25,000,000
do
do
c*Ar
1907 !l.ooo &c 25,000 oooi
5
F
A
New York Chicago & St Louis—Common
A
do
do
stock
100
14,000, 000
Second preferred (5%
non-cumulative)
I
100
000
4
11,000
"in"
1907
March
First preferred (5 % non-cumulatlve)
Grand Cent Station, N Y
100
|
5,000 000 5 in 1906
March
First mortgage gold sinking fund not drawn.Ce.c*
do
do
5051 1887
Ar;
1,000
000:
4
19,397,
A
A
O
g
Union
Trust Co, N Y
Equip trust “B” gold $23,000 due yrly Feb 15.CecAr
1896
1,000
96 000
5
F
&
A
15
Central
Trust
Equipment notes $20 000 due semi-annually
Co, N Y
1900
;
160 000
J
A
D National City Bank, N Y
4H
Debenture bonds gold
I
20.000
_G
1906
2,000, 000
4 g
A
N Y & Greenwood Lake—Prior lien M
N New York
; M
guar p Al.Ngxc*!
Too &C
53; 1896
5 g
1.500 000
New York & Harlem—Common
I M A N 11 Broadway, New York
14%, 10 % guaranteed
146
50
8,656 050 See
Preferred stock 14 %, 10% guaranteed
text.; See text. Grand Cent Station, N Y
I
146
50!
950 See text.1 See text.
1,343
do
Refunding M (now first) $12,000,000 gold.. G.c* Ar;
do
136
1897
&CI 12,000 000
N Y & Jersey—1st M to be called at 110
3M g M & N
do
do
__G.c*
1902
1,000
5,000 000
5 g
F
&
N Y Lackawanna & Western—Stock
A Guaranty Trust Co, N Y
i
guar 5 % (end. J
100! 10,000 000
5
First mortgage guar by Del Lack A Western__F.c*
Q—J j Del Lack & West, N Y
1880
1.0001 12,000 ,000
6
J
&
J
do
Construction mortgage guar by D L & W (end)_F.c*
do
1883 |
1,000
,000
5,000
5
F
&
Third M Term Imp ($5,000,000)
A
do
do
guar p & 1 (end)__F
1890
1,000,
5,000 ,000
4
M
New York Lake Erie & Western—See Erie RR.
&
N
do
do
N Y & Long Br—Gen M (now 1st)
$2,500,000 g..Ce.c*
38' 1891
l.ooo;
1,891, ,000 4 g & 5 g M A
New York New Haven &
S
Nat
Llberty
Bank. N Y
Hartford—Stock (see text)...
.1
;
1001 89,378, 100
-M 30 Co’s Office, New Haven
Deben (probable right to exchange: V 82,
.! 1893 | 100 &ci
p 1439)_
4
79, ,600
1A
A
O Lincoln Nat Bank, N Y
Debenture ($5,000,000 are 4s) non-convertible. _cAr
’97-’01!
j 10,000 ,000 3 V2 & 4 M A
S
Deb (for Cent N E A W) g non-conv (V
do
do
78, p 768;i.
J 1904 i
5,000 ,000
4 g
F
A
A
Debentures (for F H & W) (V 78, p 2335)
do
do
1904
500 Aei 10.000 ,000
3 H
A
o
Includes (a) $208,000
Second
Nat. Bk., N H
(b) $50,000 In treasury of El Pas o A No rtheaster n Rv
-
-
LXXXIV
,Jan 1 1952
July 1 1952
lOct ’07-Apr ’13
IJuly 1 1953
!
Apr 10 1909
Apr ’07 2X%
Oct
1
1935
Apr 15’07 1 H %
1997
July
Feb
Feb
1998
1998
2000
1934
1910
July
May
Feb
Mar 1
Mar 1
Oct 1
1907 4 %
1907 5%
1937
Yearly to
1911
To Dec 31
1910
*
!a
i
-
N
Y CENTRAL & HUDSON RIVER
RR.—(Concluded.)
BONDS.—Ref. mortgage Is for $100,000,000. of wh'ch $73,346,000 was
Issued to retire $70,377,000 old bonds and
$11,654.000 for general purposes;
remainder i$15,000,000) Is reserved for new
construction.
V. 77. p. 452.
Collateral trust 3 Ms of 1898 are secured
by deposit of stock of the Lake
Shore A Michigan Southern and
Central RRs. at the rate of $100
Michigan
of L. S. A 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 3Ms
are $100,000,000 for Lake
Shore and $21,550,000 for Michigan Central.
See V. 66, p. 288, 336, 760, 811.
In 1904 $50,000,000 4 % debentures were
authorized, of which $30,000,000 were sold.
They are to be secured by any new mtge., but
existing
mtges. may be extended.
V. 78, p. 1907, 1962,
2384; V. 79. p. 1335, 2148.
GUARANTIES.—The company guarantees the securities of Its
leased
lines to a considerable aggregate—see
separate statement for each company
marked with a * In the table of
mileage preceding.
It also guarantees
Western Transit Co. 3Ms for $1,000,000 due
February 1923.
GENERAL FINANCES.—The refunding of old bonds
was completed In
1905 : annual saving In interest
charges about $1,475,000.
V. 75, p. 1148
V. 76. p. 159; V. 80, p. 31.
In June 1903 various roads controlled by the
Vanderbilt, Morgan and Pennsylvania Interests purchased $6,924,200
of
the $11,000,000 Hocking
Valley Ry. com. stock.
See that company.
In Jan. 1907 the dividend rate was raised from 5
to 6% and the dividend
rates on the Lake Shore and the
Michigan Central from 8 to
4 to
6% respectively, increasing the Income of the Central from 12% and
Its holdings of
the stocks of tne two companies $2,147,754
yearly.
83. p. 1411.
V.
In Jan. 1907 $25,000,000 3
year 5% notes, also $15,000,000 Lake Shore
and $10,000,000 Michigan Central were sold.
V. 84, p. 271, 394.
Stockholders late in 1906 subscribed for
$29,839,560 new stock at par.
In 1902-03 control of the
Reading Co. was acquired by Balt. A Ohio
(Pennsylvania Interests) and Lake Shore.
V. 76, p. 101; V. 78, p. 48.
In 1J06 the Oregon Short Line (Union Pacific
system) acquired $14,285,745
N. Y. Cent, stock.
V. 84. p. 52.571.
The Mohawk Valley Co., with
$20,000,000 (formerly $10,000,000) author¬
ized stock, 60% being owned by N. Y. Cent, and
40% by the “Central Rail,
way Syndicate’’ of Cleveland, is a holding company for various
electric roads
acquired In 1904 and 1905, Including Syracuse
Rapid Transit, Rochester A
Eastern Rapid, Roch. Ry. A Light,
Schenectady
Ry.
(half
Interest), Ac.
The N. Y. Central lines between Rochester and
Syracuse are to be equipped
electrically.
V. 81, p 1849; V. 82, p. 16, 334. 934; V. 83,
p.
156.
As to contract of 1903 with
Pennsylvania Beech Creek & Eastern Coal
Co. to ship at least 1,000,000 tons
annually, see V. 77, p. 2098; V. 79, p.
1335. 1435.
In Oct. 1905 ordered 25.000 cars, part for Lake
Shore.
V. 81. p. 1315.
LATEST EARNINGS.—For 3 mos. ending March
31, gross, $21,788,770
1907 against $21,292,254 In 1906.
ANNUAL REPORT.—Report for year
ending Dec. 31 1906 was given
at length in V. 84. p. 864, 872.
See also editorial p. 838.
< 'rjinhln> d Results OF
ALLIED LINES.
(Compare V. 84, p. 926, 898.
Year ending Dec. 31.
1906.
1905.
1904.
1903.
Miles operated.
12.159
12,028
11.183
11,163
Gross earnings
...$225,591,500 $206,728,132 $187,274,529 $189,602,486
Total net income...
68,329,446
61.324.129
57,035,420
56,555,885
First charges
43,351.256
41,396.188
39.138,555
37,458,417
Dividends
18,009.178
15,419,279
15.024.077
-
in
...
.
.
.
.
14,845,144
Surplus
$6,969,012
$4,508,662
$2,872,788
$4,252,324
A’oh .—The "net Income” as above Is stated after
adding to the operating
expenses for the several years from $10,500,000 to
$13,700,000 (in 1906
$12,595,000) for new equipment and construction and
after adding "other
Income” amounting to $7.722,100 in 1903 and
rising steadily to
in
$12,711,817
1906.
REPORT OF NEW
YORK CENTRAL Ar HUDSON
RIVER RR.
Years ending Dec. 31
Year end.
1906.
1905.
1904.
June 30 ’04.
—
Miles operated
Gross earnings
Net earnings.
3,784
3,774
3,515
3,490
_■
$92,089,769 $86,095,602 $78,573,208 $77,682,221
25,827,813
24,594,851
22,450,823
21,922,160
7,707,742
6,523,500
6,468,736
6,005,982
Net in conn
Deduct —
Interest on debt
Rentals leased lines
Taxes on stock
Taxes on real estate
.$33,535,551 $31,118,351 $28,919,559 $27,928,142
..
Other income
...
$8,214,520
9,501,170
1,011,557
$8,223,557
9,508,499
$7,579,312
9,479,955
1,143,438
783,148
2,924,594
2,726,021
2,617,014
Miscellaneous
1,231,391
1,236,081
605,391
Reserved lor debentures
150,000
300,000
Dividends
(5 M>7,832,885 (5)6,612,500 (5)6,612,500
Ixnprov. fund A equip._
2,800,000
1,500.090
(?)
—
,092,483
,466,767
815,103
,451,901
461,617
300,000
(5)6 ,612,500
707,099
Balance
$19,433
$18,253
(?)
$20,673
Pres., Wm. H. Newman: Chairman, Chauncey M.
Depew; V.-Presidents,
W. C. Brown, E.V. W. Rosslter, Edgar Van
Etten,
John
Carstensen.
William J. Wilgus. G. J. Grammer, Chas. F.
Daly and Ira Place; Treas., E.
L. Rossiter; Sec.. Dwight W. Pardee.
Directors (April 1907). W. K. Van
derbllt. F. W. Vanderbilt, C. M. Depew, S. F.
Barger, J. Plcrpont Morgan,
William Rockefeller.
Hamilton McK. Twombiy,
William 11.-Newman,
Charles C. Clarke. D. O. Mills. Geo. F. Baker.
George S. Bowdoin and Jas.
Stillman.- <V. 84, p. 271, 340. 391. 571. 693, 864,
872. 926, 931.)
NEW YORK CHICAGO & ST. LOUIS RR.— (See
Map
of New York Cen
tral A Hudson River.)—Owns from Buffalo, N.
Y., to Illinois State Line, ex¬
cept 8 m. leased bet. Dunkirk and Silver Creek,
leaving 494 rrf.; leases the
proprietary Mne, Chic. & State Line RR., Ill. State Line to Grand
Crossing
10 m.: also leases Dunkirk to Sliver
Creek, 8 m.; total, 512 m.; trackage in
Buffalo
V. V.. 1 M m.. and Gr.
Cross’g. Chic., III. (Lake Sh. RR.), 9 m.
STOCK.— Lake Shore & Michigan Southern owns
$6,240,000 common
$6.275.009 2d preferred and $2,503,000 1st
preferred stock.
After 5%
dividends on common, all classes of stock share
alike.
1st pref. In March
2d pref
3
r
’94
’95
4
0
96. ’97. *98. ’99. ’00. ’ 01
5
0
2
0
5
5
May 1 1931
May 1 1946
Apr 1 1907 2 %
Apr 1 1907 2 %
May
1
2000
Feb
1
1932
Apr 1 ’07 \ H %
Jan
1
Aug
1
1923
May
1
1923
Sept 1
1941
1921
Mar 31 1907 2 %
April 1 1908
Mar
Feb
1
1
1947
1914
April 1 1954
’02 to ’06.
2
5
yearly.
3 yearly.
’07.
5
4
BONDS.—A sinking fund of $100,000 per year Is
provided when net
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 Issue of bonds, $20,000,000, has been
reduced
by sinking fund.
See mortgage abstract, V. 45,
p. 541.
In March 1906,
$10,000,000 debenture 4s were sold for equipment, Ac.
V. 82, p. 693.
EARNINGS.—For 3 months ending March 31 1907, gross,
$2,583,298;
in 1906, $2,446,178.
(V. 84, p. 155.)
**
REPORT.—Report for 1900 was In V. 84, p. 927. Principally a freight
line, freight In 1 DOG contributing $8,350,148 out of $9,902,209.
Year ending Dec. 311906.
1905.
1904.
Gross earnings
.$9,902,209
$9,108,730
$8,645,374
Operating expenses.
7,2:
7,227,581
6,753,607
6,422,142
Additions and betterments.
632,889
537,341
674,467
earnings
.
-
-
..
$2,041,739
$1,817,782
47,807
30,716
$1 ,548,764
35,156
.$2,089,546
$1,848,498
776,720
166,105
$1,583,920
777,000
777,000
172,460
-
Other Income
-
Net Including other Income
Interest on bonds
Equipment trust charges
Dividend on first preferred:....
Dividend on second preferred
Miscellaneous
.
-
.
.
..(5)250,000
(4)440,000
59,019
.
170,057
(5)250,000
(3)330,000
31,078
(5)250,000
(3)330,000
15,544
$397,702
$290,363
$38,917
Pres., Wm. H. Cannllf.—(V. 82, p. 1037; V. 84, p.
52, 155, 159, 927.)
NEW YORK A GREENWOOD LAKE
RY.— (See Map of Erie RR.) —
Owns from Jersey City, N. J., to Greenwood
Lake, 39 m.. and branches to
Rlngwood, Ac., 8 m.; Watchung Ry., Forest Hill to
Orange, N. J., 4m.;
total owned, 51 miles.
Stock, $100,000; par, $50.
LEASE.—On May 1 1806 was leased to the Erie RR. for 999
years from
May 1 1896.
Prior lien bonds are
guaranteed, principal and Interest, by
Erie.
See V. 63.
...
p. 513; form of guaranty, V. 65, p. 463.
NEW YORK & HARLEM RR.—(See N.
Y. Cent. & Hud. Riv. RR.) —
Owns N. Y. City to Chatham, N. Y., 136 ra. Also
owns 4th Ave. St. RR
LEASE.—The property (except the street railroad) was leased
April 1
1873 for 401 years to the N. Y. Cent. & Hud.
Rlv. RR. for Interest on bonds
and dividends at rate of 8 %
yearly, since Increased to 10 % through refund¬
ing of bonds, payable Jan. and July.
V. 70. p. 740, 1049; V. 71, p. 29, 1220;
V. 84. p. 159.
The street railway was leased In
July 1896 to Met. Street
Ry. Co. for 999 years; rental Is $400,000 yearly, equal
to 4 % per annum on
stock, payable Apr. and Oct. V. 62, p.
1088.—(V. 80, p. 1424; V. 84, p.159.)
NEW YORK & JERSEY RR.—See
Hudson & Manhattan RR.
NEW YORK LACKAWANNA &
WESTERN RY.—Binghamton to Buf¬
falo and Internat. Bridge and branches, 214
m., of which tne main line, 213
m., is double track; D. L. & W. has a lease for
duration of charter from Oct.
1882 giving a guaranty of the bonds and 5
% yearly on the stock. See form
of guaranty of terminal bonds In V.
67, p. 1357; see also V. 68, p. 283.
NEW YORK & LONG BRANCH
RR.—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 % on $2,000,000 stock
all owned by Cent. RR. of N. J.—(V.
72, p. 438.)
NEW YORK NEW HAVEN &
HARTFORD RR.—Covers Southern New
England and the only direct routes between New York and Boston.
Lines Owned in Fee—
Miles.
Leased (part Owned)—
Miles.
Junction near N. Y. City to
Old Colony RR. (which see)___
619
Springfield, Mass
122
Lines Leased—
Boston,
Mass.,
to
Hopewell
Providence and Worcester
48
Jet., N. Y
214 Norw. & Worcester (which see)
73
Lines to Providence, Pittsfield,
Other lines
311
Litchfield, Ac
436(Trackage to N. Y. City, Ac....
54
Leased and Controlled—
Lines to Turner’s Falls, Ac
1801
Total oper’d July 1906 (90 miles ha« four
and 741 miles two trncks)_2,057
In March 1907 the New England RR. was
merged.
V. 84. p. 626.
In Oct. 1905 the New Haven A
Derby, the Danbury & Norwalk, the
Providence A Springfield and other controlled roads
were merged.
\T. 81.
The stockholders of the Naugatuck RR. on Jan. 18
p. 1315.
1906
voted to sell the road; those of the Boston &
New York Air Line on Jan. 23
1907.
V. 82, p. 281, 451, 1213; V.
83, p. 970; V. 84. p. 221.
In Oct.
1906 acquired Pawtuxet Valley RR.
V. 83, p. 1099.
In Oct. 1904 $29,160,000 of the
$58,118,982 N. Y. Ont. A West. com.
stock was acquired at $45 per $100 share
and $2,200 of the $4,000 pref.,
giving access to anthracite mines.
V. 79, p. 2086, 2642; V. 80,
p. 1363).
In Feb. 1907 application was
pending for purchase by Old Colony of
Boston and Providence as
preliminary to acquisition of former by the New
Haven.
V. 84, p. 391.
In March 1907 the purchase of the
Poughkeepsie
& Eastern Ry., Poughkeepsie, N. Y..
to Boston Corners, 40 miles, was
arranged.
V. 84. p. 694, 804.
Earlv In 1904 acquired a
majority of the Cent. New England Ry. stock
and Income bonds and control of stock of Fair
Haven & Westvllle Elec. RR.,
116 m.
V. 78. p. 702, 768, 989,4168; V.
79, p. 2742.
In July 1905 the
Newburgh Dutchess & Conn. RR. was acquired, and Is
operated under lease
of Sept. 15 1905 as
part of the Cent. New Eng. Ry. lines. V. 81, p. 265. 1039.
Owns entire stock of New England Nav. Co.
(V.81, p. 1853, 1039; V. 79,
p. 247H;
V. 83. p. 96.
In Oct 1906 acquired control of Hartford A New
York Transportation Co., and In Jan. 1907
control of the Maine S. S. Co.
In March 1907 purchased one half of the stock of
the Merchants’ A Miners’
Transportation Co., which acquired the Boston A Philadelphia S. S. Co.
V. 83. p. 890;- V. 84, n. 221, 271, 391.
571, 626, 749.
In 1904-05 consolidation of various controlled
electric railways In Connec¬
ticut and Massachusetts, viz.: Fair Haven A
Westvllle, Worcester A Conn.,
Eastern, Meriden Electric, Ac., aggregating about 700 miles of
track, was
Apr..
19«7.|
KAILWAY STOCK ANI) BUNDS.
103
104
RAILWAY STOCKS AND BONDS.
RAILROADS.
iles
For explanation of column
headings, <&c., see notes
on first page of tables.
N Y New Hav &
Date
of
of
oad. Bonds.
Size,
!_
or
Par
Value.
,
Shore Line 1st M New Haven to New London
assum
Housatonlc old consolidated mortgage (assumed)..'
New consol M ($3,000,000)
gold (assumed) _F.cU
N Eng cons (now 1st) M
$7,500,000 5s gold. Ma.c*:
N Y & N E Boston Term 1st M
$1,500,000. AB.c&r(
New Haven & Derby
consolidated mortgage
c*;
Providence & Springfield first
mortgage gold
c*!
Danbury & Norwalk cons M ($100,000 are 6s)
c*l
General M Danbury, Conn, to Wilson
Point, &c.c*
First refunding mortgage gold assumed
c*&r'
H R & Por 2d (now 1st)
guar (V 56, p 813)..F.c&r
Harlem Rlv & Port 1st M gold
$15,000,000. U«.c* &r
Woonsocket & Pascoag first mortgage
!
Naugatuck first mortgage gold assumed
c*&r‘
_
Debentures.
i
Boston & N Y Air Line new M $5,000,000
(see text),
N Y N H & H RR
coupon notes
do
do
do
do
(V 83, p 1591).
do
do
do
do
(V 84, p 52. 103)
Bonds of Proprietary, Etc., Lines:
N H & No con s f $15,000
per year not drawn. In.c*
Northern Extension bonds.
c*
Consol M $10,000,000 gold guaranteed
Holyoke & W leased mortgage $200,000 guar_.c*
Old Colony—See that
company.
Providence & Worcester first
mortgage currency.
Providence Term 1st M $7,500,000 gold
gu p&l.c* &r
62
49
90
90
359
13
28
36
36
36
12
12
9
61
1905
1906
1906
1907
1892
1880
1880
1887
1895
1889
1888
1892
1880
1883
1905
1881
1904
1890
1904
1902
1905
Rate
When
Outstanding|
%
Payable.
100
&c
$15,000,000!
145,0:10,000 fr
.
Consolidated Railway
New' England Sec & Investment Co
Providence Securities Co
Connecticut Ry & Lighting Co.
New York Ontario &
)
16
4
•
J
3H
15,000,000j
4
4
4 g
1,000 &c
1,000
1,000 &c
635,000!
10,958,000
100,0001
2,500,000
4
4 g
5
4 g
1,000
234,000]
675,000)
4 g
500 frs&c
1,000
1,000 &c
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
M
See text, j
A
1,000,000:
A
200,000!
M
4y2
4
100,000
A
2,839,000i
5 g
M
17,500,000 4 g & 5 g J
4
1,500 ooo;
A
5
M
575,000i
750,0001
5 g
J
5 & 6
500,000
J
5
150,000
A
4 g
350,000
J
1906
1907
5,000 &c
5,000 &c
1879
1881
1906
1891
1,000
1,000
17,000,000j
1,200,000
700.0001
6
1,000
200,000
1 .000
1,000 &C
1,500.000
7,000,000
4
4 g
June 30 ’06l
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
J
J
N
O
O
S
O
N
J
O
N
J
J
o
D
J
D
A
A
J
A
&
&
&
&
O
O
D
o
A
M
&
&
O R I
s
as
—
1897
1906
do
do
do
do
do
do
April 1
June 1
Section."
April 1 1911
Hosp & Tr Co, Prov Oct
do
do
Mar
100
were
Co., a
380, 492,811, 1099: V. 84. o. 103.)
Ry. of the Connecticut Railway &
Lighting Co., operating 198 miles, was
arranged.
(V. 83, p. 1525; V. 84. p. 508.)
Also in Dec. 1906 arranged to
acquire control of the Rhode Island Securities Co.
.'controlling the street rail¬
ways (about 350 miles of track) gas and electric
light properties of Provl
dence and vicinity,
$12,000,000 Prov.Sec. 4 % debentures being guaranteed,
principal and Interest.
V. 83, p. 1525.
See "Street Railway” section.
As to six-tracking Harlem
River branch and rapid transit from New
Rochelle to New York City, see V.
79, p. 903, 1263, 2436; V. 80, p. 872;
V. 83. p. 811.
Electric passenger service is proposed
between Newr York
and Boston.
V. 82, p. 219, 869; V. 83,
p. 811; V. 84, p. 931.
Agreement with Grand Trunk, V. 84,
p. 804.
CAPITAL STOCK.—Authorized
Issue^unllmlted.
In Dec. 1906 there
had been Issued $83,584,600.
$12,229,000 Is issuable In exchange for
$20,991,000 Consolidated Ry. 4% debentures on the basis
of $200 for the
stock and to acquire stock and evidences
of Indebtedness of controlled and
leased properties, making
a total of S95.814.500
V. 82, p.
outstanding.
869; V. 83, p. 1037. 1348, 1471.
Additional stock will be issued to pay for
other leased lines and to
provide for the $30,000,000 eonv. debs. Issued Jan.
1 1906.
V. 82. p. 752, 869; V.
83, p. 688.
The directors voted Jan. 1907
to offer st’kholders
right later (when conditions favor) to subscribe pro
rata at $150 per share for 25
% In new stock.
If all these convertible Consol.
Ry. debentures are meantime exchanged, the new stock
Issue would be
abt. $30,000,000. V. 84,
p. 159, 271. 931.
ImApr. 1907 $2,000,000 stock
was about to be Issued In
exchange
for Merchants' & Miners' Transporta¬
tion Co. stock.
V. 84. p. 749.
DIVIDENDS.—1 1873-1893.
1894.
1895 to Mar. '07 (Inclusive).
Percent.
J
10 yearly.
9
8 (2 % quarterly).
BONDS.—The Harlem River & Portchester Division 1st
mtge.4s of 1904
($15,000,000 authorized) are subject to the lien of the
$1,000,000 of 4s due
1911. for which a
like amount is reserved.
There are $25,000.Colchester
RR. first 7s due July 1 1907.
Under lease,
‘assumed” debt of Old Colony.
Bills payable Dec. 31 1906, $4,980,440.
In April 1906 $15,000,000
non-convertible 4% debentures were sold;
also a portion of the $10,000,000
guaranteed 4s, dated Jan. 1 1906, of the
Consolidated (trolley) Ry. See V. 82,
p. 869 and "Street Railway" section.
Stockholders of record Dec. 31 1905 were offered the
right to subscribe pro
rata at par, payable 25% each
Jan. 1 1906, Oct. 1 1906, July 1 1907 and
April 1 1908, or optionally in full on any of said dates, for
$30,000,000 of
3 H % coupon debenture
certificates, convertible at a par of $150 for $100
stock between Jan. 1 1911 and .Jan. 1
1916, the proceeds to be used for
improvements authorized and contemplated and the
purchase of outstand¬
ing securities of controlled roads.
They
were given the right in Jan. 1907
to subscribe to any new stock
issues, each $150 of debentures to be treated
as one share of Stock.
V. 81. p. 976. 1039, 1493; V. 84.
p. 103. 694.
In Feb. 1907 145,000.000
francs ($29,000,000) 4 %, 15-year debentures
with a fixed rate in marks and £ were sold.
V. 84, p. 391,450, 508, 804,931
The Boston & N. Y. Air Line
stockholders voted Nov. 13 1905 to make
a mtge. to secure
$5,000,000 bonds.
V. 81, p. 1492.
Danbury & Norwalk
1st ref. 4s of 1905 are limited to
$25,000 per mile of single main track and
$25,000 per mile of additional main
track, $650,000 being reserved for un¬
derlying bonds.
V. 82, p. 219. Providence Terminal Co.
bonds ($7.500 000
authorized), see V. 82, p. 929. 629, 693, 1213, 1323; V.
S3, p. 96. 819.
Of the New Haven &
Northampton 4s of 1906 *$10,000,000 authorized
Issue), $2,000,000 are Issuable to redeem bonds which
matured 1899 and
1904, and $6,100,000 for improvements, and
remaining $1,900,000 are re¬
served to retire the bonds due 1909 and
1911.
V. 82. p. 1323.
Late in 1906 and in Jan. 1907
$26,000,000 5% notes were sold.
V. 83,
p. 1591: V. 84. p. 52. 103. 159, 22!.)
58,113,982iSee text. See text.
6 rnos.—
1906
1905
Edwin Milner, Moosup. Conn.; John H. Whlttemore,
Naugatuck, Conn.—
V. 84, p. 340. 391, 450, 508, 571,
626, 694, 749, 804,931.)
NEW
YORK ONTARIO & WESTERN RY.— {.See Map.)—
Operates from
Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Miles.
Road Controlled, &c.—
Miles.
Oswego to Cornwall, N. Y
272 Pecksport, Conn, (leased)
3
Branch to New Berlin
22 Ontario,
Carb.
& S.
(leased)
do
to Delhi
17
Cadosla, N. Y., to Scranton,Pa. 54
do
to
Elienville
8
Total
owned
319
Trackage (till 2079) W.Shore RR.:
C’nwall to W’ken (V.61,p.425)
53
*
See this company.
Xet.
$28,326,929
27,395.585
$10,422,356
10.440.384
other
Inc. Int.'Taxes,Ac. Bel., Sur.
$1,1 12,269
$6,983,617
$4,551,008
553.929
6.299,641
4.694,672
ANNUAL REPORT.— Report 1905-06 in V’.
83, p. 811.
Year ending June 30.
1906.
1905.
1904.
1003.
Miles operated
2.057
2,088
2.031
2,037
Passenger earnings
$25,252,124 $24,146,454 $23,425,173 $22,953,017
Freight earnings
27,247,1 18
25,341.855
24,413,541
23,926,150
Miscellaneous
485,080
493,638
444,195
416,910
Gross earnings
Net earnings
Other Income
$52,984,322 S49.981.947 $48,282,909 $47,296,077
$13,123,698 $12,341,054
.2.175,757
1,223,452
906,436
565,818
-
-
-•-$1 7,761 ,736 $14,148,924
Total net income-.. .$19,937,493
$15,372,376
Interest on bonds
\$3,005,793/ $1,432,473
Other Interest
j
1
'°r- •lcr435,385
Rentals
3,935.594
4,136,843
Taxes
2,810.729
2,659,624
Dividends (8%)
6.467,092
6,400.00(1
Improv’ts & betterm’ts.
3,000,000
Insurance fund
Balance, surplus
$14,030,134 $12,906,872
$779,667
$1.137,052
279,993
52,912
4.420.283
4.504,546
2,455,434
2.385,389
6,006,448
4.618,438
326,998
$391,287
OFFICERS.—Pres.,
July-1 1906
ORGANIZATION.—Successor
$308,051
$
88,309
$208,534
Haven; Sec., John G. Parker;
Directors.—William Skinner, Holyoke, Mass.: .las. S. Elton.
Waterbury.
Conn.; Chas. S. Mellen, New Haven, Conn.; J.
Pierpont Morgan, William
Rockefeller. H. McK. Twornbly. George MeC. Miller.
New York: I). Newton
F. Choate and Nathaniel
Thayer, Bos
Providence: C. F. Brooker, Ansonia, Conn.; 1. De V.
Warner. Bridgeport: James McCrea,
Philadelphia. Pa.: James S. Heming¬
way. Geo. J. Brush, New Haven: Frank W
Cheney. South
(Nias.
ton; Robert W. Traft.
546
—
in 1879 of N. Y. &
Oswego Mid., forecl’ed.
CONTROL.—In Oct. 1904 N. Y. N. H. & H. RR. acquired
$29,160,000
stock at $45 per share and $2,200 of the $4,000 pref.
V. 79. p. 2086,
2643; V. 80, p. 1363. 2458; V. 81, p. 1044.Possible change of control,
V. 84, p. 932.
STOCK.—Stock is $58,117,982 (par, $100), of which $4,000 is old
pref.
DIVIDENDS.—Common. Jan. 1905 3%; July. 14%; 1906, July, 2%
BONDS, &c.—Refunding mtge. for $20,000,000 covers 319 miles of road
owned, all the securities of the Ont. Carb. & Scran. Ry.,
54 miles, and all
after-acquired property.
V. 72. p. 87; V. 78, p. 2012; V. 80, p. 651.
The stockholders voted on Nov. 7 1904 to authorize a new
mtge. for $12,000,000 to provide funds for capital requirements, under which
$2,000,000
have been Issued and the remainder will be reserved for
future needs.
A
3 % dividend (calling for about $1,740,000) was
paid on the common stock
In Jan. 1905, vesting in the shareholders
directly the right to elect the en¬
tire board of directors.
V. 79. p. 977 to 980, 1332,
1462; V. 80, p. 872.
Early In the calendar year 1899 the coal properties at Scranton. Pa., of the
Lack. Iron & Steel Co. (the capacity of the collieries then
open being about
700,000 tons per annum) were purchased by the Scranton Coal
Co., aided
by loans from the N. Y. O. & W., the latter issuing its $2,500,000 5 % notes
(reduced to $1,100,000 Feb. 1 1907), extending over a
period of years, se¬
cured by first mtge. on the coal property, and loaning $1,475,000 (of
which
$305,000 has been repaid) secured by a 2d mtge., the O. & W.
obtaining con¬
tract for entire tonnage. V. 68,
41,429;
p.
V. 69, p. 604.646; V. 81, p. 1 792.
In Nov. 1900 eight Independent anthracite
properties with a maximum
output of 2.000,000 tons annually were merged as the Elk IIlll Coal & Iron
Co., the N. Y. O. & W. issuing its $3,500,000 5 % s. f. first lien
gold notes
secured by the Coal & Iron Co.’s 1st mtge.,
these notes maturing $75,000
each 6 mos., beginning June 1 ’01, to June 1 ’ll, and
thereafter $200,000
semi-annually to Dec. 1 ’15. The notes are secured pari passu with the bonds
issued under the gen. mtge. of 1905. The Elk Hill Co. also
made a 2d mtge.
to the N. Y. O.
W. for $2,400,000 at 5 %. V. 71.
p. 1270; V. 73, p. 501.
The company’s coal tonnage is derived as
follows:
Scranton and Elk
Hill companies (as above stated), total maximum
capacity, 2,700,000 tons:
other companies, 300,000; washeries, 800,000
tons.
EARNINGS.—For 8 months ending Fell. 28:
com.
.
S mos.—
1906-07.
1905-06
Gross.
Xet.
$5,427,123
5,047,280
$1,757,569
1,441,497
ANNUAL REPORT.— Report for 1905-06
Coal traffic in 1905-06, 2,825,973 tons (out
3,141 .260 tons in 1904-05.
Year ending June 30—Gross earnings
Charges.
$593,484
564,192
was
of
Bill.. Sur.
$1,164,085
877,305
given in V. 83, p. 622.
tons), against
4,090,973
1906.
1905.
1904.
$7,265,058
5,233,287
$7,090,888
5,050,748
$6,652,484
5,072,938
Balance, net earnings
$2,031 ,771
$2,040,140
Total net income, including "other”.
$2,484,988
$2,491,357
Interest on mortgage bonds
862,667
766,976
Miscellaneous interest and discount__
202,291
231,155
Rentals paid
232.528
211,948
Dividend
(2%,) 1 ,162.296 (1 1 J)871 .765
$1 ,579,546
$2,051 ,194
683,758
271 ,638
208.968
expenses and taxes
_
_
Balance,'surplus
.
.
.
$25,206
...
Pres., Thos. P. Fowler.--(V. 83.
p.
376, 622; V. 84,
$409,513
p.
$886,828
932.)
NEW YORK & OTTAWA
RY.—Topper Lake, N. Y., to Ottawa, Can..
128 m, including Ottawa & N. Y., whose
stock is owned.
Successor fo
the N. Y. & Ottawa RR.. acquired by the N. Y.
Cent. & Hud.r Riv. RR.
at foreclosure sale on Dec. 22
1904, which leases the road from Feb. 1 1905.
V. 79. p. 2796; V. 80, p. 223; V. 82.
p. 934.
Stock authorized. $1,250,000.
In June 1905 a mortgage for $2,500,000 was
made, of which $1,427,000 is¬
sued to pay for the property and remainder
Issuable for Improvements
and additions.
V. 80, p. 2458; V. 81, p. 265.
For year end. June 30 1906
gross, $160,478;
net. $10,519;
other Income, $2,127; charges,
$63,886
bal., def., $51,240 — (V. 80, p. 2220. 2458; V. 81.
p. 265.)
NEW
YORK &
PENNSYLVANIA RY.—V. 79, p. 501.
NEW
Chas. S. Mellen, New
Treas., Augustus S. May. New Haven, Conn.
Barney, Farmington. Conn.:
Rome & Clinton (leased)
*13
Utica Clinton & Bing, (leased).. *31
Wharton Valley (owned)
7
Elienville & Kingston (leased)..
27
Port Jervis Mont. & Summltville
(owmed and leased)
38
Total operated
Operating
ending Dec. 31:
Gross.
1947
1956
July 30 ’06 2
r
6 months
1
1
'
—
was all ow’ned.
transferred to the New Eng¬
voluntary association.
(V. 83, p. 96,
In Dec. 1906 the lease by the Consol.
EARNINGS.—For
1903
1911
1956
•
Consolidated Railways, whose stock ($10,000,000)
In 1906 most of the
Massachusetts roads
land Security & Investment
1
1
1
Treas, New Haven, Conn April 1
1
effected
1
1
.
51
See
stock
Dividend.
1955
1956
1956
1922
194?
1 191L
1 1910
1 1937
1 1945
Coup, office; reg, mailed April 1 1939
New Haven, Conn
May 1 1513
Lincoln Nat Bank, N Y July 1 1922
New Haven, Conn
July 1 1920
do
do
April 1 1925
do
do
June 1 1955
Chemical Nat Bank, N Y June 1 1911
New York
May 1 1954
R I Hosp Trust Co, Prov Oct
1 1910
New Haven, Conn
May 1 1954
Treas, New Haven. Conn Oct
1 1930
Second Nat Bank. N H Aug 1 1955
First National Bank, Bos
do
do
To Dec 1908
do
do
Jan 9 ’ 10-’12
) "Street
1 Railway
Western—Common
Stocks—Last
Lincoln Nat Bank. N Y July
Second Nat Bank, N H Jan
Lincoln Nat Bank, N Y May
Paris, London, &c.
April
N H Savings Bank
April
Nat N H Bk, New Haven Mar
New Haven, Conn
April
Farmers’ L & Tr Co, N Y Nov
Safe Dep & Tr Co,Boston July
M
N
A
O
M
N
A
O
A
O
Various
Various
J
& J9
5
5
5
4 g
4
None
J
3H
5.000,000
6,000,000
_
98
28
Bonds—Princl-
Where Payable, and by
Whom.
1
.,
—
INTEREST OR DIVIDENDS.
Amount
H—(Con.) —
Debentures (forN Y Ont & West) (V 60,
p 2458)..,
Debentures convertible (see text)
_c*&r
Debentures not convertible
Debentures 145,000,000 francs ($20,000,000)
N Y Prov & Boston gen M (now
1st) gold assum.c&r,
Yol. IAXXIV.
Manchester;
YORK PHILADELPHIA & NORFOLK
RR.—Delmar, Del., to
Cape Charles, Va.. 95 miles, and King’s Creek, Md.,
to Crisfield, 17 miles.
The Penn. RR. and Phil. Balt. & Wash, have an
on the $2,000,000
option
stock.
V. 81, p.1437.
SECURITIES.—Stock,
$2,500,000,
all
outstanding, $500,000 being
Issued June 1906 as a 25% stock
dividend; par, $50, represented by nego¬
tiable trust certificates Issued by
Fidelity
Insurance Trust & Safe Deposit
Co. of Philadelphia.
Of the $3,000,000 1st 4s, $400,000 are reserved for
Improvements.
V. 68, p. 773, 978.
As to incomes, see V. 08,„p. 978.
Dividends on stock, 1901, 6%: 1902, 5%;
1903, 6%; 1904. June, 3%;
Dec., 5%, lncl. 2% extra; 1905, June, 4%:
Dec., 6%, Incl. 2% extra;
1906, June 5% and 25% In stock; Dec., 5%.
V. 82, p. 1438.
-
Boon
.
v
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YORK,
•
10(i
RAILWAY STOCKS AND BONDS.
RAILROADS.
For explanation of column headinos, dec.
on first page of tables.
New York Ontario & Western
see
notes
MUes
Date
of
of
Size,
Road. Bonds.
(Concluded) —
Refunding (first) M $20,000,000 sold
Me.c*&r Text.
Gen
INTEREST OR DIVIDENDS.
or
Par
Value.
Amount
Outstanding
'
Rate
When
%
Payable.
1892
1905
1899
1900
1902
1903
1904
1905
$l,000&c $20,000,000
4 g
2 000 000
1,000
4 g
1,000
5 g
1,100,000
1,000
5 £
2,600,000
1,000
37 ,000
4H £
1,000
5 £
44,000
1,000
5 £
200,000
1,000 &c
1.427,000
4 £
50
2,500.000 See text.
1,000
4 £
2,600,000
1.000
4
1,000,000
1 000
5 £
1,200,000
1,000
4 £
4,025,000
1,000
984,000
5 g
1,000
1.000.000 Up to 5 %
500 &e
6 g
3,500.000
1,000
6 £
250,000
—
..
$20.000,000
EARNINGS.— Year ending Dec. 31 1904,
gross. $2,001,784; net, $580,296; other Income, $100; charges,
$392,257; dividend (8%), $160,000;
bal., sur., $28,139.— (V. 81, p. 1437; V.
82, D. 1213 1438.)
NEW YORK & PITTSBURGH
SHORT LINE RR.—V. 84, p. 626.
NEW YORK & PUTNAM RR.—Owns
155th St. and 8th Ave., N. Y.
City (terminus Manhattan Elevated), to
Brewsters, N. Y., 54 miles; double¬
track branch to Yonkers, 3
miles; operates 2 miles; total, 59 miles.
HISTORY.—Successor to the N. Y. & Northern, sold under foreclosure
of 2d mtge. Dec. 28 ’93, and
purchased for N. Y. Cent. & Hud. Rlv. RR., to
which It Is leased—see V.
63, p.754, 820, 1159; V. 81, p. 265. Decision V.
74, p. 380; V. 77, p. 2339; V. 81.
p. 1610; V. 82, p. 272.
Stock, $6,500,000;
par, $100.
BONDS.—The New York Central guarantees the new
consolidated mort¬
gage bonds, of which $1,000,000 were reserved
for Improvements; also
$1,200,000 to retire at maturity the first
5s.—(V. 82, p. 272.)
NEW YORK & ROCKAWAY BEACH
RY.—Owns Glendale Jet. to Rockaway Park, 10.31 m., with branch, 1.43
in.; total, 11.74 in.; double track.
Stock, $1,000,000; par, $100.
Leased In perpetuity In 1903 by
Long Island
Railroad Co
whose endorsement Is printed on first
mtge. bonds.
On Jan.
1 1906 $101.000 firsts owned
by L. I. RR. were on deposit under Its unified
mtge., together with $929,667 of the Incomes.
In Oct. 1906 the remaining
Income bonds and a further amount of
stock was acquired; V. 83, p. 890.
Year ending Dec. 31 1905,
gross, $444,737; net, $153,411; other Income,
,
$3,087; charges, $61,450; balance, $95,048.—(V.
82,
p. 929; V. 83, p. 890.)
YORK SHORT LINE RR.—Owns a cut-off for
the Reading Co.
between Cheltenham and
Neshamlny Falls, 9 bi miles, opened May
1906.
V. 79, d. 1038.
To be 4-tracked, 2 tracks to be laid
at present and
on 2 miles 3 traeks.
Leased to Reading Co., which owns the
$250,000 stock.
V. 83. p. 756. The
meeting of stockholders to vote on authorizing $1,400,000
bonds, to be guaranteed presumably by the
Reading Co., was postponed
from Jan. 30 1907.
V. 83, p. 1412.—(V. 83,
p. 1412.)
NEW YORK SUSQUEHANNA
& WESTERN RR.— (See Erie
Map.)
Owned (in fee) or entire stock. Miles.
Susq. Connecting RR
10
Jersey City to Gravel PL, Pa
101 Other branches
25
(Double track 19 miles.)
Lines leased, &c.
Two Bridges, N. J., to Unlonvllle 21
Middletown Un. & Water Gap*.. 14
Wllkesbarre & Eastern.
65 Trackage '
2
NEW
com.
i238
com., $13,000,000, of which the Erie owned
and $12,892,400 pref., of which
$6,630,000 pref. are deposited under Its Pennsylvania $6,630,000
coll. tr. M.
on pref., Nov. 1891 to
1892, 2 bi % yearly; none since.
BONDS.—General mortgage 5% bonds are reserved
to retire the 2d
mortgage 4 bis.
See mortgage abstract, V. 52,
p. 84.
The seconds are
exchangeable for generals on payment of an assessment.
As to terminal bonds listed In
Sept.
1893,
see‘ Supplement” of Jan.1898,
and
com. and
Dividends
abstract of mortgage. V. 57,
p. 512.
EARNINGS.—8 months,-) 1906-07
July 1 to Feb. 28.
]l905-06
REPORT.—For 1905-06 In V. 83.
Gross, $2,001,459; net, $570,319
Gross,
1.878.417; net,
568,562
p. 887, showed on 238 miles;
Net.
Other Inc.
Charges.
Bal.,def.
$828,674
$43,055
$896,062
$24,333
Year—
Gross.
1905-06
$2,757,925
1904-05
2,743,135
962,843
40,166
1,025,696
22.687
(V. 80. p. 712; V. 81, p. 1175,
1371; V. 82, p. 452; V. 83, p. 272 887.)
NEWTON & NORTHWESTERN
RR.—Owns Newton to Rockwell City,
la., 102 miles.
The Ft. Dodge Des Moines &
Southern Ry., which owns
the street railways In Ft.
Dodge and Ames and Is constructing an lnterurban
electric line between Ft. Dodge and Des
Moines,
with a branch to Ames,
has secured trackage rights over 40
miles of the N. & N. W. RR. between
Gowrle and Kelley, and has electrified
that
Stock, $2,500,000, of which $500,000 Is 6part of the system. V. 84,p. 159.
% non-cum. pref., all outstand¬
ing.
First mtge. bonds are subject to call on
any Interest day at 110 and
Interest.
Both mortgages cover road and
3,218 acres bituminous coal
lands.
V. 78, p. 49, 703.
For year ending Sept. 30
1906, gross,
net, $45,604.
Pres., Homer Loring, Boston, Mass.; V.-P. and$166,369;
Treas.,
Fred'k A.
—
p.
159.)
Farrar, Boston, Mass.; Sec., Chas. F.
Cushman, Boston.—(V. 84,
NIAGARA JUNCTION RY.—A terminal and
switching road extending
from Niagara Falls, N.
Y., to Pletcher’s Corners. N. Y., 5.15 miles;
factory
sidings, 8.74 m.
Stock. $160,000 com. and $140,000 8 % cum.
pref.; all of
the com. and nearly all the
pref. being owned by the Niagara Falls Power
Co.
No
bonds In excess of $500,000
the entire stock.
can
be Issued without the consent of
Year ending Dec. 31 1906,
gross, $60,879; net, $41,360;
lnt., taxes. &c.. $11,167; bal., sur., $30,193.
Pres., D. O. Mills; 2d V.-P. and
Treas., W. Paxton Little; Sec., F. L. Lovelace.
Office, 15 Broad St.. N.Y.
NORFOLK & PORTSMOUTH BELT
LINE RR.—Owns Port Norfolk to
Berkley, Va., 6 miles, and Southern branch
extension, 1.37 m.
Stock,
$49,600, In $100 shares.
Bonds, see table.
Year ending June 30 1906,
$122,333; net, $48,735; Interest on bonds,
$12,500; other Interest,
$100; taxes. $1,887; bal., sur., $34,248.
gross,
NORFOLK & sou i ritRN R Y.—Owns
Norfolk, Va., to Edenton, N. C.,
76 miles (ferry across
Albemarle Sound to Mackey’s Ferry,
9m.); thence
road to Belhaven, 30 m.;
Norfolk to Virginia Beach, 19 m.;
Clapham Jet. to
Munden s Point. 22 m.;
Providence to Clapham Jet., 8 m.;
Mackey’s Ferry
to Washington, N.
C., 44 m.; Mackey’s Ferry to
Cresswell, 13 m.; former
Chesapeake Transit (electric railway)
Company,
Norfolk
to
Lynn Haven
Inlet and Virginia Beach,
via Cape Henry, 24 m.
(acquired Dec. 19041;
Suffolk, Va.. to Edenton, N. C., 5;)
m.; Beckford to Elizabeth
25 m.; Raleigh to
City, N. C
Zcbulon, 24 in.; leases Atlantic & North
Carolina, Beau¬
fort to Goldsboro. N. C., 115
miles; total April 1907, 461 miles; 45 m.
equipped electrically.
V. 78. p. 1549. 2599; V. 79.
p. 1462, 1705.
The company Is
building about 187 miles, to be completed in summer
of 1907, making a connected
system of 611 miles between Beaufort and
Bonds—Princi¬
pal, When Dus.
Stocks—Last
Dividend.
S
D
A
D
I)
N
O
J
D
J
N
O
O
S
3,745,000
447,000
2,552,000
2,000,000
A
J
J
J
4H £ F
5 £
F
5 £
M
&
&
&
&
&
ft
&
o
D
J
J
A
A
N
3,000,000
70,000
44,000
327,000
450,000
5 £
6
5
6
6
J
J
J
M
M
&
&
&
&
&
D
D
D
S
N
5 £
5 £
5 g
5
A
J
F
F
&
&
&
&
O Old Colony Tr Co, Boston
D Adams Trust Co, Boston
A Mercantile Tr Co. N Y
A Fidelity Trust Co, Phlla
5,000
-
6 g
5 g
Office, 56 Beaver St. N Y June 1
1992
do
do
June 1 1955
New York Trust Co, N Y;Feb
07-Feb ’ll
Morton Trust Co, N Y
June’07-Dec ’1$
Manhattan Tr Co, N Y J une 1907
do
do
Nov 07-May ’08
do
do
<>ct 07-Apr ’09
Grand Cent Station, N YiJuly 1 1955
Checks mailed
Dec 1 1906 5 %
26 South 15th St. Phlla Jan
1 1939
Checks mailed (see text) Jan
1 1939
New York City
Oct
1 1927
Grand Cent Station, N Y Oct
1 1993
U S Mort & Tr Tr Co. NY Sept 1 1927
Sept 1 1927
Office. 11 Broadway,.NY April 1 1910
do
do
June 1 1910
July 1 1911
do
do
Jan
1 1937
do
do
Feb
1 1937
do
do
Aug 1 1940
do
do
1
1943
May
do
do
do
do
do
do
do
do
V.75,p.l043;V.84,p.342
June
Dec
Dec
Mar
Nov
1
1
1
1
1
1942
1910
1916
1912
1933
Oct
1
1
1
1
1932
1913
1922
1938
.
2,460,000
600,000
175,000
250,000
12,700,000
Dec
Aug
Feb
,
4,800.000
I
June 30 1906 $12,378,900
M
J
F
J
J
M
A
J
J
J
M
A
A
M
&
&
&
&
&
&
&
&
&
&
&
&
&
&
'
Total road operated (•see this co.)
June 30 1906
Where Payable, and by
Whom.
lxxxiv.
I
—
mortgage $12,000,000 sold red 110 (see text)_N
Gold notes secured by 1st M Scranton Coal
Co
do
sold sec by 1st Mon E H C & 1 due semi-an c*
Car trusts Ser B
..Me
Car trusts Ser C $22,000
payable semi-annually.Me
Car trusts Ser D $50,000 due
semi-annually
New York & Ottawa—First
mortsase $2,500,000 S--G
128
New York Fhila &
Norfolk—Stock $2,500,000
First mortsase $3,000,000 sold
FP.c*
112
1899
Income M sold non-cum res ($1,000,000)
FP
112
1899
New York & Putnam—N Y & Nor
1st M sold
c
57
1887
N Y & P con $0,200,000
sold suar p & 1 (end). Un.c'
57
1894
N Y & Rock Beach—1st M
$1,000,000 sold suar.Ce.c*
12
1887
Second M Income bonds non-cumulatlve
Ce.r
12
1887
N Y Susq & Western—Midland RR
1st M sold__Ce.c*
72
1880
Paterson Exten RR 1st M real estate s f
sold
c*
1
1881
New York Susquehanna & Western
first mortsase..
First mortsase refundins sold..
Ce.c*
1-27
1887
1,000
Second M ($1,000,000 sold) 3d M on 72 m .Ce.c*
127
1887
1,000
General mortsase for $3,000,000
sold
Ce.c*
127
1890
1.000
Terminal first mortsase for $2,000,000
sold Us.c’&r
1893
1,000 &c
Allied companies—
Wilkes-13. & E’n IstMssu p &
G.c*
i(V.60,p.481)
65
1892
1,000
Passaic ft New York 1st M (999 years
rental)..1
3
1885
500
Macopln RR 1st M (branch to Macopln Lake)
2
1896
1,000
N Y Susq ft W Coal Co 1st M red
at 110 sink fd..c*
1887
New York & Wllkesbarre Coal Co first
mortsase.. N
1893
500
New York Texas & Mexico—See
Galveston Harrlsburs & San Anton lo.
Newport & Cincinnati Bridge—See Louisville & Nash
vllle.
Newton & North w—1st M $2,500,000
sold red(text) OB
102
1902
1,000
Fundins mortsase $600,000 redeemable at par
102
1903
1,000
Niagara Junction Ry—1st M $650,000 sold
.Me c* Text.
1902
1,000
Norfolk & Portsmouth Belt Line—first
,FP
mortgage.
6
1898
1,000
Norfolk & Carolina—See Atlantic
Coast Line RR.
Norfolk & Southern—Common stock
STOCK.—Pref., $13,000,000;
(Vol.
,
Goldsboro, New Bern and Washington, Raleigh and Washington. Wash¬
ington and Mackey’s Ferry, Belhaven and Mackey’s Ferry, Edenton, Suf¬
folk. Elizabeth City and Norfolk; of the new lines 37 miles were in
operation
In April 1907.
ORGANIZATION.—A consolidation Nov. 23 ’06. per plan V. 82, p. 929,
of the Norfolk & Southern RR. and the
Virginia & Carolina Coast (Suffolk to
Edenton, 51 m., with branch to Elizabeth City, 23 m.), with tiie lease of the
Atlantic & North Carolina, Goldsboro, N. C., to Morehead
City, 95 in., a to¬
tal of 408 m. In operation, and all the stock and
$10,000,000 1st mtge. bonds
to be Issued by a lumber co. to own over
600,000 acres of timber land in fee
and about 200,000 acres of tlmebr rights.
The Suffolk & Carolina was taken over Jan. 1906.
The new co. will Issue the securities snown In the table
above, $14,000,000
bonds and $4,800,000 pref. stock having been underwritten to
provide for
acquirement of property and construction as above.
The new bonds will
be secured In part by all the bonds of the lumber
co.; a s. f. to be not lest
than $175,000 yearly and estimated to exceed
$300,000.
Of the bonds,
$3,500,000 will be reserved to retire all outstanding liens and
$7,500 000
with $7,300,000 pref. and $200,000 com. stock for
future purposes.
.
EARNINGS.—The present aggregate net earnings of the acquired
prop¬
reported as over $1,050,000; interest on bonds to be Issued, lncl.
for refunding, $875,000: bal. for.stock, $175,000.
Estimated net
earnings for the first year after the property Is completed, $1,550,000
leaving $675,000 applicable to stock.
Report of Norfolk & Southern RR. was In V. 82, p. 158.
Earnings for
year ending June 30 1906 (223 miles), gross, $1,148,922;
net, $251,564;
other Income, $5,220; charges, $223,071; bal., sur.,
$33,713.
Loans and bills payable ofN. & S. RR. June 30
1906, $610,000: car trusts,
erties Is
reserve
$3,488.
Pres., Frank S. Gannon; Treas., Mathew Manly; Sec., Walter
B.Gwyn.
office. 135 Broadway.—(V. 83. p. 1348; V. 84, p. 159.)
NORFOLK & WESTERN RY.—See Map.—System extends from Nor¬
folk, Va., westward to Columbus, Ohio, and northward to
Hagerstown,
Md., with branches to the various coal fields in Virginia and West
Virginia.
Road
N. Y.
oiencd.
Miles.
MU'S.
Norfolk,Va., to Columbus, O
704 Roanoke to Winston
Radford, Va., to Bristol, Tenn
Ill Sundry branches
Roanoke, Va.. to Hagerstown..238 Columbus terminal
121
318
4
..
Graham to Norton
Nor. Car. Junction to Fries
Lynchburg to Durham. N. C
Portsmouth Jet. to Cincinnati
and Ivorydale
ORGANIZATION.—Successor
100
44
115
Total owned June 30 1906.. 1,861
Double track
186
106
In 1896 of Norfolk & Western RR..
&«.,
1 1907 Penn. RR. and sub¬
the common and preferred
been sold in 1906.
V. 83,
V. 83. p. 573.
foreclosed per plan In V. 62, p. 641.
On Jan.
sidiary companies owned $8,746,000 each of
stocks, about one-half of the holdings having
Branches building June 30 1906, see
p. 502.
STOCK.—Provisions of pref. stock were given in "Supplement” of
April
1897, page 4, said stock being 4 % non-cum. with
preference as to asset*.
As to Increase of authorized stock In
1906, see “General Finances” below.
DIVIDENDS.
’97
’98
’90
Preferred (%)
’00
’01
’02
’03
’04
’05
1906
1907
134444444
4 Feb.. 2
Common (%)
2
2bi 3
3
S'* Below.
In 1906, June, 2%; Dec.. 2*4%.
BONDS.—The first consolidated mtge. of 1896 Is limited to
$62,500,009,
the balance unissued being reserved to retire the
underlying bonds.
Th*
right to issue prior Hen bonds has been annulled.
V. 73, p. 502; V. 74
p. 151; V. 75. p. 505; V. 77, p. 1785; V. 78. p. 229.
The 4 % lsf consols are a 1st mtge. on a
large part of the system, via.,
about 868 miles of railroad; upon
Important terminals at Norfolk and Lam¬
berts Point; upon the Ohio River
Bridge and the Roanoke Machine Works;
besides being a consol, mtge. upon 739 miles of the
system, subject to the
undisturbed liens. They were further secured
by the equipment (cost over
$11,000,000).
See abstract, V. 64, p. 376. V. 72. p.
137, 438, 532, 723,
1080; V. 75, p. 505; V. 79, p. 213; V. 81, p. 212.
The N. & W.-Pocahontas Joint bonds are
secured by about 295,000 acres
of coal lands owned and held
by the Pocahontas Coal & Coke Co., whose
stock Is owned, of which about 50,000
acres have been leased to
companies
whose stock Is all owned by the U. S. Steel
Corp. and 39,797 to other con
cerns, the royalties under such leases alone
being
shortly
expected
to be suf¬
ficient to almost meet the fixed
charges.
They are subject to call at 105
beginning 1906, for a sinking fund of 2 H cents per ton mined. V.
73, p.845
902; V. 74, p. 41, 380, 1197; V. 75, p. 502.
These bonds are the Joint and
several obligations of the Railway
Co. and of the Coal & Coke Co.
•
Divisional 1st lien and gen. mtge. 4s of 1904
($35,000,000) authorized for
future capital requirements are a 1st lien on
extensions and branches not
covered by the 1st consol, mtge.
aggregating 220 miles, and upon such ex¬
tensions and branches as may be
acquired from the proceeds of the new
bonds and also a Hen subject thereto
upon the properties covered thereby.
Of the bonds $13,000,000 has been sold
for Improvements and new
equip¬
ment.
V. 78. p. 1549: V. 79,
p. 501, 628. 973. 1642, 1704, 2148; V. 80
p. 1175; V. 82, p. 510; V. 83, p. 1471.
As to convertible bonds of 1907, see “General
Finances” below.
GENERAL FINANCES.—Of the traffic In 1905-06
61% (11.848,840
tons) was bituminous coal and coke;
average rate per ton per mile, 0.481
cents; train-load, 579 tons.
As to new 4s of 1904. see "Bonds” above.
Ia
Dec. 1905 dividend rate on common was
Increased to 4% and In Dee. 1906
to 5%.
|
The stockholders Oct. 11 1906
authorized an Issue of $34,000,060 con¬
vertible bonds and an Increase In the
common stock from $66,000,000 to
$100,000,000, to provide for the conversion.
V. 83, p. 380, 435, 575.
Stockholders were offered the right to subscribe
pro rata for $14,576,000 of
the convertible bonds at par.
payable 40% Jan. 31 and 60%>May 31 1907,
the proceeds to be used for
double-tracking and additional equipment. Th«
bondslwere underwritten. The present Issue Is tolbe
dated*Jun©„l 1907
__
__
•
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108
(EASTERN SECTION)
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NORTH'’
RAILWY
i—
STOCKS
AND
BONDS.
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|Vol.xiv
APR.,
1907.1
RAILWY
STOCKS
AND
BONDS.
109
1 JO
RAILWAY STOCKS AND BONDS
RAILROADS.
INTEREST OR DIVIDENDS.
For explanation of column headings, &c., see notes
on first page of tables.
Miles
Date
of
of
Size,
Road. Ronds.
Norfolk& South—{Con.)—1st mort $1,970,000g.Mp.c*
1st gen. M.g.red 115..G
Suffolk & Carolina first mortgage
First consol mortgage $1.000,000 gold red at 110c*
It&S 1st and ref M $25,000,000 g red at 110 sink fund
Norfolk & Western Ry—Common stock $100,000,0000
Adjustment preferred 4 % non-cum $23,000,000.. G
N & VV gen (now 1st) M Norfolk to Brls. etc g_FP c*
New River Division first mortgage gold__FP.c*
Improvement & Extension mortgage gold..FP.c*
Scioto Valiev & New Eng 1st M assumed gold.Ce.c*
N & W first consol M $62,500,000 gold
Me.c'&r
Dlv 1st Hen & gen M (text) g red 105 begin 1929..O
Pocah Joint M $20,000,000 g call 105 s f..QP.c*4r
Col Con & Term 1st M gold guar p & 1 (end) .Mp.c*
Convertible bonds. $34,000,000, gold red. text
G
223
75
428
197
588
129
1,608
1,827
4
Equip trusts gold $500,000 yearly beg 1905..FP.c*
do
Series A, gold due $100,000 yearly. _FP
do
Series B gold due $100,000 yearly
FP
do
Series C gold guar p & 1 due $200,000 y’rly
do
Series D gold $100,000 yearly
do
Series E gold $ 100,000 yearly.
do
Series F to K g gu $100,000 each ser yrly.
Norristown & Main L Con—1st M g guar p & l(end) OP
North Carolina—Stock 7 % rental
North Penn—Stock 8 % guar 990 years $6,000,000 auth
Old second M. now first M (7s extended In 1896)..c
General mortgage extended In gold In 1903
c&r
—
«
_
_____
_
1891
1904
1886
1902
1906
86
1866
1873
1898
26
1907
1890
1896
56i
Amount
Rate
When
Outstanding
%
Payable.
$1,655,000
2,865,000
1,000
650.000
100
100
14,000,000
64,469,200
22,991 H00
7,283,000
1,000
1,000
1,000
2,000,000
5,000,000
5,000,000
40,400,500
13,000,000
19,971 ,000
600,000
1.000
500 &c
1,000 &c
1 000
500
1,000 &c
See text
1,000
1,000
1,000
1,000
1,000
2,500,000
1 000
900,000
1,000
1,000
5,000,000
250,000
4,000.000
5,382,150
.
107
1,500,000
4,500,000
391,000
92,618
83
1,000
1,000
1,000
1855
1885
144 *76-’82
& WESTERN RV. (Concluded).—
and mature June 1 1932, and to be convertible Into common stock, dollar
for dollar, prior to June 1 1917, and to be thereafter subject to call at 105
and Interest.
V. 83, p. 1412, 1471.
EARNINGS.— For 8 months ending Feb. 28:
Gross.
Net.
Int.,taxes.&c.
Bal., sur.
1906-07
$7,444,859
$20,083,718
$3,076,874
$4,367,985
1905-06
18,496,052
7,488,284
2,707,296
4,780,989
.
Passenger earnings
Freight earnings.
Mall, express, &c
1906.
1,861
$3,598,558
24,111,801
777.407
Total gross earnings..$28.487,766
Operating exp. and taxes 17,799,623
p. 559, 572 (see editorial, p. 525):
1905.
1904.
1903.
1 .769
1,833
1,722
$3,158,773
20,249,399
681,088
$3,150,859
18,894,941
673,175
$2,841,491
17.676,349
642,836
$24,089,260 $22,718,977 $21,160,675
14,344,730
15,285,434
12,697,430
Total net earnings
$10,688,143
$8,803,826
$8,374,247
$8,463,245
Total net income
10,853,488
9,014,399
8,521,479
8,611,504
Interest on funded debt.
3,069,147
2,862,933
2,603,510
2,435,690
Interest on ear trusts
316,641
625
226,667
156,889
Def.lnt.Poc.C. &C. bonds.
188,000
216,000
295,595
159,176
Dividends on preferred. (4)919,644
(4)919,530
(4)919,524
(4)914,818
Dividends on common (4)2,578,768 (3)1,934,076 (3)1,934,076 (3)1,93-4,076
Miscellaneous
15,323
135,000
Betterment fund, &c_._
2,950,000
2,250,000
2,000,000
2,500,000
Discount, &c
55,786
160,197
87,167
347,078
I.
Balance, surplus
$760,179
$444,996
$524,719
$185,041
OFFICERS.—Pres
L. E. Johnson: Chairman of Board. Henry Fink, 27
William St.. N. Y.; V. P.. Wm. G. Macdowell; Sec., K. H
Alden; Treas.,
Jos. B. Lacy.
General office. Roanoke. Va.; Philadelphia office, Arcade
Building. Maricet and 15th streets.
Directors—Henry Fink. Victor Morawetz, Levi C. Weir, New York; L. E.
Johnson, Roanoke. Va.; Samuel Rea, W. G. Macdowell, Joseph I. Doran
and John P. Green, Philadelphia; Joseph Wood, Henry C. Frick, Pitts¬
burgh; Walter H. Taylor, Norfolk, Va.—(V. 83, p. 1471; V. 84, p. 221.)
,
NORRISTOWN & MAIN LINE CONNECTING RR.—Owns road 3,405
feet long. Including bridge over Schuylkill River, extending from Norris¬
town to a connection with the main line of the Plilla. & Read, at a point
above Bridgeport, Pa.
Leased to Phlla. & Read. Ry. at 4 % on stock and
Interest on bonds.
The Reading Co. owns aU the $50,000 stock and guar¬
antees the bonds.—V. 75, p. 1148.
NORTH CAROLINA RR.— Owns from Goldsboro to Charlotte, N. C.,
221.65 m.; CarolHgh Jet.. N. C.
to Carolelgh Mills, 1.90 ru : total. 223.55
Leased from Jan. 1 1896 to the Southern Ry. Co. for 99 years at
miles.
$266,000 (6 H % on stock* per year till Dec. 31 1901, and $286,000 (equal to
7 % on stock) balance of lease, also taxes
V. 63, p. 361.
State of North
Carolina holds $3,000,000 stock.
(V. 66. p. 665.)
NORTH PENNSYLVANIA RR.—Owns from Philadelphia, Pa., to Beth¬
lehem. Pa., 56 m.; branches to Delaware River, &c., 31 in.; 2nd track, 54 X
m.; total track, 227 miles.
Leased for 990 years from May 1 1879 to Phlla.
& Reading RR. at 8 % on stock, and lease assumed In 1896 by Phila. &
Reading Railway.
Current liabilities June 30 1906, $354,967. — (V. 73,
p. 1160; V. 75, p. 1354; V. 78. p. 821; V 81. p. 559, 668.)
'
.
NORTH SHORE RR. (Narrow Gauge)—In Jan. 1907 the road, with the
California & Northwestern and other roads, was taken over by the North¬
western Pacific RR
The Interest on the 5s of 1902 was de¬
which see.
faulted a second time in May 1905, cash for principal and interest being de¬
posited with tiie trustee, which declared the bonds due and payable.
V. 80. p. 1913.
For year ending .Tune 30 1906, gross, $741,847; net, $183,120; Interest
and taxes. $304,572; bal., def., for year, $121,452.—(V. 84, p. 103.)
,
NORTH SHORE RR., CUBA.—To build from Mayanabo Bay, north of
Nuevitas, west through Cubltas Valley to Carlbarrlen, a point In Province
of Santa Clara, about 250 miles, with 50-mile branch from Scnada to
Iron,
mines south of Cubltas Mountains.
Construction to begin May 1907.
Stock, $2,500,000, all outstanding; par. $100.
The Cuban Government
will pay a subsidy of $6,000 per kilometer constructed, in 6 annual payments.
Bonds are subject to call at 106 Va and Interest after 10 years; sinking fund
3% of gross earnings Is payable yearly;
V. 84, p. 571.
President C. D.
Gibbons, 106 Wall St., N. YSecretary, A. Price; Treasurer, J. E. White.
(V. 84. p. 571.)
NORTH-EAST
PENNSYLVANIA
RR.—Owns road from Glenslde to
miles.
Controlled by Reading Co.
Capital stock,
$400,000, of which $318,950 owned by Reading Co.; par, $50.
new
Hope, Pa., 26
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 supp. mtge. of 1898 $400,000 of the out¬
standing $1,700,000 1st 5s were made prior liens.
Remaining $1,300,000
gen. lien bonds bear Int. for two years from July 1 1898 at 2 %, then 3 % for
two years: thereafter 5 %.
V. 67. p. 1208.
In year ending June 30 1906,
In 1904-05, net. $88 881.
gross, $510,057; net, $98,701.
(V. 69, p. 28.)
NORTHERN (N. H.) RR.—Owns Concord. N. H., to White River Jet.,
Vt., 70m.; branch to Bristol. N. H., 13 m.; total 83 miles
Subsidiary lines,
Concord & Claremont RR., 71 m.- Peterborough & Hillsborough HR.. 19 m.
Lease to Boston & Lowell for 99 years from Jan. 1 1890 was assigned to
Bos. & Me.; rental was 5 % on stock till
July l 1897. and now 6 %. payable In
gold.
Until July 1TO7 1 % extra was paid regularly from contingent 'und.
Also In 1894. Jan.. 5 % extra was paid; In 1896. July. 2 % extra; in 1897, 5 %
extra: In July 1904, X % extra.— (V. 65, p. 463 V. 78. p. 2385.)
NORTHERN CALIFORNIA RY.—See Southern Pacific RR.
y
M
J
A
J
N;Metropolitan Tr Co. N Y|May 1 1941
J Guaranty Trust Co, N Y July 1 1954
&
o
niOfflee. Phlladelnhla
A
do
do
N Mercantile Trust Co, N Y
do
O
do
A
do
do
N
do
do
O
do
do
do
J
do
D
do
do
J Metropolitan Tr Co, N Y
D
S Fidelity Trust Co, Phlla
do
J
do
S
do
do
o Commercial TrCo, Phlla
N
do
do
D
do
do
A
do
do
S Reading Terminal, Phlla
A Burlington, N C
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
F
M
A
F
M
A
J
J
J
J
M
J
M
A
M
J
F
M
F
g
g
g
g
g
g
4 g
7
8
4
3.3 g.
4
M
J
M
&
&
&
5 g
M
&
0
—
F
1 ,500.000
6
4X g A
3,565.000
5
s
1952
1956
Dec 21’06 2X%
Feb 15 1907 2 %
May
1
1931
April 1 1932
Feb
Nov
Oct
1
1
1
1934
1989
1996
July
1
1944
Dec
Jan
1
1
June 1
1941
1922
1932
Sept 1
1907-’ll
Jan 1 1908-1913
Mar 1 1908-1913
Apr 1 1908-1915
Nov 1 1907 1915
Dec 1 1907-1915
To Aug 1916
Sept
Irredeemable
Annapolis
o Treasurer’s Office. Balt
do
J
do
&
&
1911
Mch 1 1942
Phlla & Reading, Phlla April 1 1920
J P Morgan & Co, N Y July 1 1928
1023 Old So Bldg, Boston Apr 1 ’07 1 ^ %
Treasurer’s Office, Balt
Jan 15 1907 4 %
J
Q
J
1
1 1952
Feb 1 ’07 3 X %
Feb
28 1907 2 %
Office, 240 S 3d St, Phlla
N
do
do
May 1 1936
do
J
do
Jan
1 1953
do
N
do
Nov 1 1928
—
1,757,000
Anrll 1
J'Internatlonal Tr Co,Balt July
&
J
Where Payable, and by
Whom.
&
&
A
5 g
&
o
400,000
&
J
1,650,000 See text. J
J
3,068,400 See text.
Q
&
19,342 569 See text. J
J
1,000
1,000
NORFOLK
REPORT.—Report for 1905-06, V. 83,
See text
100
50
_
144
144
4
4
4
4
4
4
1,600,000
900,000
..
_
5 g
5 g
6
5 g
5 g
See text.
4 In 1906
6 g
6 g
6 g
4 g
4 g
4 g
4 g
5 g
4 %
4 g
700,000
700 000
100
50
500 &c
86
-
Par
Value.
90 000
1881
1882
1883
1889
1896
1904
1901
1892
1907
1902
1903
1903
1905
1905
1905
1906
1902
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
or
$1,000
1,000
223
Funding loan bonds $409,000
Real estate mortgages and ground rents July 1906
North Shore RR—See Northern Pacific RR.
North Shore Cuba—1st M $5,000,000 g red text
F
North East Penn—1st M gold guar P & R(end) GuP.c*
Northern Ala—1st M ($350,000 are prior lien)
K.c
Northern (N H)—Stock 6% rental
Northern Central—Stock ($20,000,000 authorized)
First mortgage State of Maryland loan—V 74,p 1197
Con gen M of 1874 g Ser R
c
Second gen M Series “A” 8c “B” (A $2,565,000) _FP
Year ending June 30—
Miles June 30
[VOL. LXXX1V.
April 1 1925
Jan
1
1926
?
NORTHERN CENTRAL RY.—Owns Baltimore, Md., to Sunbury, Pa..
136 m., of which 132 m. double track—branch, 9 m.; leases—Shamokln Val.
& Pottsv. RR.. 38 m.; Elmira & W'msport RR. 76 m.; operates at cost—
Elmira & Lake Ont. RR., 100 m.; Lykens Val. RR., 19 m.; also since June 1
1902 York Hanover & Frederick RR., 56 m.; York branch Penn. RR.
York, Pa., to Columbia, 13 m.; other, 4 miles; total, 450 miles.
Also uses
N. Y.L. E. & W. tracks. 7 m.
Northern Cent. Connecting RR. Co., Incorporated on May 12 1903 with
$350.000 authorized stork. Is building from a connection at Sellnsgrove Jctn.
to the main line of the Penn. RR., 35 miles.
V. 78, p. 773.
ORGANIZATION.—A consolidation of several roads In 1854.
Con¬
trolled by the Penn. RR., which owns a majority of the stock.
SECURITIES OWNED.—On Jan. 1 1907 among the assets held were
Elmira & Lake Ont. stock (all) $1,500,000; Sham. Val. & Pottsv. stock,
$619,650; Union RR. stock, $1,225,000 (the bal. of $875,000 being held by
Phlla. Wllm. & Balto.). &c.
Also the following, mostly acquired In 1900;
Balt. & Ohio pref. stock, $1,000,000, and com., $1,048,700; Norf. & West,
pref. stock, $500,000, and com., $1,000,000; Erie & West. Transportation
,
Co.
stock, $500,000.
STOCK.— Authorized Issue was Increased In Feb. 1900 from $8,000,000
to $12,000,000: Penn. RR. on Jan. 1 1907, owned $9,401,950.
The stock¬
holders in Nov. 1903 voted to Increase the authorized stock from $12,000,000
to $20,000,000.
Of the new stock, $5,731,125 was subscribed for at $62 50
per $50 share In June 1904,the proceeds being used to pay off $2,000,000
bonds maturing July 1 1904, purchase $1,562,000 of the $2,000,000 out¬
standing Shamokln Valley & Pottsville RR. 3X% bonds not already
owned, and provide for improvements and equipment.
V. 77. p. 1875;
V. 78. p. 1907.
In Jan. 1907 $2,149,169 was Issued as a 12% stock divi¬
dend, raising the amount outstanding to $19,342,569.
V. 83, p. 1471.
DIVS. 1888 '89 ’90 ’91
’92
’93
1894 to 1900
1901 to Jan. 1907
Per cent.
7
8
7
8
7 yearly
7
8
*8 yearlv (J&J)
*
Also Jan. 19.07 12 X % paid In stock.
In Mar. 1906 the question of
Increase In the dividend rate was referred to the board.
V. 84, p. 508.
EARNINGS.—2 mos., 1 1907.
Gross, $1,895,715; net. $188,012
Jan. 1 to Feb. 28.
J1906...
Gross,
1,783,315: net,
267,512
ANNUAL REPORT.—Fiscal year ends Dec. 31.
President’s report for
1906 given at length In V. 84, p. 504, 513, showed the following:
Year ending Dec. 31—
1904.
1906.
1905.
1903.
Miles of road
462
Grossearnings
462
448
Net earnings
Other receipts
Total net Income
$3,805,857
$471,253
368,277
1,375,468
Taxes and miscellaneous
260,763
Extraordinary
1,100,582
Rentals, &c
Interest on debt, dec
Dividends, 8%
$3,218,814
$368,998
360,182
1,375.468
261,071
827,721
$3,188,320
$420,180
494,512
1,146,224
206,721
920,681
Balance, surplus.
$25,374
$229,511
None.
-(V. 83. p. 1412, 1471; V. 84, p. 103, 391, 504. 508, 513.)
NORTHERN
450
$11,632,633 $10,531,962 $10,174,524 $10,234,459
2,654,255
2,061,396
2,345,271
2,260,581
1,151,602
1,157,418
843,049
875,130
RR.
OF
NEW
JERSEY.—Owns from
Sparkill, N. V., 21
RR. from June 1
$3,135,711
$494,760
591,105
916,980
212.979
908,484
$11,405
Bergen, N. J., to
m.; leases Sparklll to Nyack, 5 m.
Leased to the Erie
1899 for the term of its corporate existence, for Interest
bonds, 4% on $1,000,000 stock, payable quarterly, taxes, and all cor¬
porate expenses.
Of the $1,000,000 new 4 X % gen. mtge. bonds, guaran¬
teed by the Erie, $654,000 are reserved to retire the 6s due July 11917, and
the remainder for improvements and betterments or equlpm’t for operation
on
by electricity of the leased properties.
See V. 69,
p. 81.—
(V. 71, p. 30.)
NORTHERN RY. COSTA RICA.—See V. 71. p. 1067, and United Fruit
Co.; V. 75, p. 849; V. 78, p. 288; V. 80, p. 223; V. 81, p. 614.
NORTHERN
OHIO
RAILWAY.— {Sec Map Lake Erie
& Western.) —
Leased In per¬
guarantees the bonds.
V. 62, p. 826.
STOCK.—Common stock (all owned by L. E. & W.), $3,580,000; pre¬
ferred non-cumulatlve 5 % stock, $650,000: par of each, $100.
BONDS.—The first mortgage Is for $4,000,000, of which $1,500,000 un¬
issued are limited to $15,000 per mile of
Owns Akron to
Delphos, O., 165 miles; branches, 2 miles.
petuity to L. E. & VV., which
structed
or
purchased.
Operated
as part
completed road hereafter
of L. E. & W.
con¬
V. 66, p. 337.
NORTHERN PACIFIC RAILWAY.— (See Maps.)—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 west¬
erly, traversing the great wheat belt of Minnesota and North Dakota, the
mining district of Montana and the farming country of Washington to
Tacoma and Seattle, and to Portland, Ore., with branches to
Winnipeg,
<Scc.
The system comprises:
Mainline.
Miles.\
Leased to others.
Ashland, WIs., to Portland,
|To other companies
Ore. (Incl. 5 m. terminals) ..2,171 ITo Province of Manitoba
Bralnerd and Staples to St.
(Not operated.
Paul
Other lines
Total main line..
Various branches
Miles.
9
355
44
181|
411
Total (Inc. 17 m. trackage)..5,836
Controlled properties.
2,763 Wash. & Col. River
*169
2,666 Minn. & Intern. (V. 77, p. 451)
174
44
j Other companies
Total, Incl. 17 m. trackage
I
(operated directly)
5,429 Total system July 1 1906
6,223
•See this company.
ISeeond track
124
The Manitoba branches, aggregating 354 m., were leased for 999
years
from May 31 1901 to the Provincial Government and sub-let by the latter to
the Canadian Northern Ry. at a rental of $210,000
annually for the first 10
years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter
$300,000, with option of purchase any time for $7,OOO.OUO. V. 73, p. 610
APB., 1007.]
RAILWAY STOCKS AND BONDS.
111
■
RAILROADS.
For
INTEREST OR DIVIDENDS.
explanation of column headings, &c..
on first page of tables.
Miles
Date
of
of
see notes
Size,
Road. Bonds.
Northern of New Jersey—Stock guar (see V 69, p 81)
Third mortgage (now first) interest guaranteed
c
Gen M $1,000,000 gold lnt guar by lease
Usm.c*
Northern Ohio—1st M g ($15,000 p m) gu p A 1. .Ce.c*
Northern Pacific Ry—Stock $250,000,000 auth
Western RR Minn first mortgage gold assumed..
St Paul A N P gen M land grant assumed._Ce c*Ar
do
do
registered
New mortgages of Northern Pacific Ry—
Prior lien M $130,000,000 gold land gr__Me.c*Ar
General Hen M $190,000,000 gold land gr... F.c* Ar
St Paul-Duluth Dlv pur money M $20,000,000. G.c*
C B A Q coll tr M g (red aft Jan ’06 at 105)..S cAr
do
do
registered
Bonds Underlying St Paul A Duluth Dlv Mortgage
St Paul A Duluth first mortgage assumed
c*
Second mortgage assumed
Ce.c*
Taylor’s F A L Sup 1st M s f not drawn
Ce.c*
Duluth S L 1st M p A 1 sink fd not drawn.-Ce.c*
Consolidated M assumed $5,000 000 gold._Mp.c*
Car trusts Including Interest Dec 31 1906
Northern Pac Term Co—1st M gold red at 110
F.c*
Northern Railway (Cal)—See Southern Pacific RR.
Northern Securities—Stock $3,954,000.
Northwestern Coal Ry—1st M guar (end) gold
F.c*
Northwestern Pacific—Stock ($35,000,000)
Cal Northw 1st Mg guar by St F A Nor Pac s f
San Francisco A Nor Pacific 1st M gold s f.Me.c* Ar
North Pacific Coast gen M (now 1st) gold
c
North Shore M $6.000.000 cold, s f begin 1912
e
San Francisco A Northwestern mortgages
New mortgage, to be $35,000,000 gold
Northwestern RR of So Car—First M $375,000
Norwich & Worcester—Preferred stock 8% rental
Bonds (not M) lnt guar under lease currency
cAr
Norwood & St L—1st M $300,000 g red 110 In 10 yrsTa
Nova Scotia Eastern—First mortgage gold red (text)
p Berlin at 4.20 marks per dollar
z 5,130 miles. In
21
167
182
182
See z
See z
226
167
167
21
25
238
-
1896
1896
1900
1901
1901
500
500
_
_
Outstanding
%
Payable.
$1,000,000
654,000
154,000
Ac 102,415.500
Ac
60.000.000
*7,616,000
)
1881
1887
1884
1886
1898
'98 -’99
1883
1898
1889
1892
1902
4
6
1.000
1,000
1,000
1.000
1,000
1,000,000
2,000 000
210,000
500 000
1,000,000
68,073
A
J
44 gJ
&
J
4 g
3 g
4 g
4 g
4 g
5
5
6
5
4 g
1,000
1,000
1 ,000
1,000
74
Text.
1899
1,000
*
1897
1902
1905
285,000
3,000,000
1,200,000
100,000
(?)
100
1,000
500 Ac
£100
cludln g 40 m lies not o
1864; 450 miles to Bismarck were foreclosed In 1875.
STOCK.—The $75,000,000 preferred stock was paid off 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; V. 78, p. 1223.
On Jan. 7 1906 the author¬
ized stock was Increased from $155,000,000 to $250,000,000,
See below.
Stockholders were offered the right to Jan. 15 1907 to subscribe pro rata
for $93,000,000 new stock at par. payable 5% Feb. 1 and 7H% April 1
1907, and the remainder In Installments of 12 *4 % each on July 1 and Oct. 1
1907, and the first days of Jan.. April, July and Oct. 1908 and Jan. 1909.
Payments to and Including Oct. 1 1907 may be anticipated.—V. 83, p. 1471,
1524; Y. 84. p. 221.
The Union Pacific system In Mch. 1907 owned $4,152,800 stock.
V. 83,
508.
DIVIDENDS.— ’98. ’99.
’01. ’02. ’03. '04. *05. '06.
’00.
1907.
On common
p. c. 0
2
4
4
5 4
7
64
7
7 InclMay,3 4
On pref.(retired)p.c. 5
4 4(Q.-M.) 4 1 (final)
BONDS.— Abstracts of the new Prior Lien and General Lien mortgages
of 1896 were In V. 63, p. 1012-1019, and the statement to New York Stock
Exchange was In V. 63, p. 1072, showing;
Prior lien 4 %s 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
105,979,500
Issued, but purchased and canceled
4,170,500
Reserved to retire St. Paul & N. P. and West. RR. bonds
8.350,000
For new construction, betterments, equipment, Ac., under
carefully guarded provisions, but not exceeding $1,500,000
per annum.
Originally $25,000.000—still held
11,500,000
Of the $190,000,000 general lien bonds, $130,000,000 are reserved to
retire the prloi lien bonds at maturity.
The St. Paul A Duluth 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, $5,283,000 are reserved to retire existing St. P.
A D. bonds and the balance for Improvements 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 cov¬
ered by the old mtges.
They are to be sold and proceeds applied to pur¬
chase of the bonds at not over 105 and Interest, or If not purchasable at
that price, then to betterments. Improvements or additions to the mort¬
__
gaged premises
To July 1906 $2,264,000 had
or equipment therefor.
purchased and canceled.
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 mile in the (then)
Intermediate territories.
The acres on June 30 1906 not yet sold were;
Minnesota
14,003 I Washington
2,359,690
been thus
North Dakota
7,062|Orcgon
66,063
Montana
6,669,669 i
Idaho
593.1271
Total west of Mo. River.9.709.985
Land sales In year 1905-06 aggregated 141,362 acres; net amount received
from sales and land contracts, $1,110,146.
FINANCES.—In 1904 Nor. Pac. and Gt. Northern had acquired $107.612,600 of the $110,839,100 stock of Chic. Burl. & Quincy RR. In exchange
for their joint 20-year 4 % 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.
Stockholders were In Jan. 1907 offered $93,000,000 new stock at par,
payable In Installments to Jan. 1909, Inclusive.
See “Stock” above.
'
EARNINGS.—For 8 mos. ending Feb. 28 1907, gross, $44,450,088,
against $41,545,725 In 1905-06.
For 6 mos. ending Dec. 31 1906, net, $19,465,476; lnt. and rents, $3,586,•75; taxes, $1,266,450; dividends (3M%), $5,425,000; Improvements,
$1,812,220; bal., sur.. $7,374,831.
REPORT.—Report for 1905 -06 at length In V. 83, p. 886, 1091.
Years end. June 30. 1905-06.
Aver, miles oper.
5,401
Passenger earns. -$14,368,221
1904-05.
1903-04.
5,315
$11,335,852
36,861.132
2,525,902
5,262
1902-03.
$11,105,753
32,998,921
2,419,900
5,111
$10,595,447
33,301,958
2,244,700
160,469
3,000,000
$46,524,574
$22,290,031
1,462,775
158,369
3,000,000
$46,142,105
$22,110,012
1,421,434
150,543
3,000.000
$19,152,658
1,921,567
$17,668,887
1,483,354
$17,538,035
1,112,551
Bal. forint
$23,391,900
$21,074,225
$19,152,241
Interest
6,986,140
6.947.983
6.922.930
Dlv. on com. stk(7) 10,850,000 (7)10,850,000 (7)10.849,989
$18,650,586
6,904,690
(64)10,074,944
Freight earnings. 44,041,467
Mall, express, Ac.
2,813,788
Gross
earnlngs.$61,223,476
Net earnings
Taxes
$30,128,043
2.213.040
160,469
Rentals, Ac
Adds.
A Imp’ts..
Deprec. of equip.
Insurance fund
..
3,000,000
2,000,000
1.081,980
Net oper. Inc..$21,672,554
Mis.,exc.land sales
$50,722,886
$23,914,127
1.601,000
1,719,346
£
BaI.,sur.for yr_ $5,555,760
$3,276,241
1
1
1921
1921
F
A
A J
A
A
O
J
A
J
MAS
D
J
A
44 A 5
P
Morgan A Co, N Y Aug
do
do
do
do
do
do
do
do
-
6 g
J
A
J
Winslow,LanierACo.N
1
1931
Oct
Jan
1
1
1917
1914
Sept
1
1916
June 1 1968
To 1909
Y Jan
1 1933
Jan 10 1007 5 %
May
1
1923
April 1
1928
Jan
Jan
1
1
1919
1012
May
1
1942
perated;
4
8
4
5 g
5 g
sp urs, 261
51,379.322
$1,670,946
A
A
O Safe Dep A Tr Co, Balt Apr 1 1049
Mech Nat Bk, Worcester Apr 1 1907 2%
MAS Company’s Office. Boston Mar
1 1927
A
O City Nat Bk, Watert.N Y April 1 1932
A
J A D 30
1955
miles.
*$361 000 add’l In treasur y June *0 1906
Q—J
OFFICERS.—Pres., Howard Elliott, St. Paul, Minn.; V.-P., James N.’
Sec., George H. Earl, New York; Treas., C. A. Clark, St. Paul.
V. 83. p. 1111.)
acquired Port Angeles & Peninsular, projected 125 miles,
Angeles A Olympia, 97 miles.
V. 83, p. 1099.
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
p.
July
July
do
do
do
DIRECTORS.—John S. Kennedy, D. Willis James, George F. Baker,
William Sloane, J. Plerpont Morgan Jr., Lewis Cass Ledyard, Howard Elli¬
ott, Charles Steele, George W. Perkins, William P. Clough, James N. Hill
Amos Tuck French. Alex. S. Cochran, Payne Whitney and Grant B. Schley’
Hill;
1906
1322, 1352; V. 84,
1997
2047
1996
(?)
65
72
On June 30 1906, about 100 miles of branches and extensions were
V. S3, p. 1110.
Portland A Seattle Ry\, proposed
joint line with Great Northern, extending from Portland to Spokane,
p.
Dec
1
1
1
do
do
do
Q—J
1’07 14%
1907
3,954 000 See text. See text. Checks mailed
5 g
MAN Farmers’ L A Tr Co, N Y
794,000
(?)
5 g
981,000
A
A
O San Francisco A N Y
5 g
A
J
3,858,000
J 25 Broad. N Y; A Frank’t
5 g
J Co’s office. San Francisco
J
A
1,498,000
5 g
(?)
M
A
N May 1904 Interest last pd
462,000
048.
V. 81, p. 1101;
D
J
1917
2000
1945
1923
1923
100
1.000
100
under construction.
see
A
A
1
1
1
1
1
Q—J H J P Morgan, NY; A Berp Jan
do
do
Q—F
Jan
J
J
1907 1 %
1
3,597.000
On July 1 1900 the St. Paul A Duluth RR., St. Paul to Duluth, Ac., 238
was merged. Its bonded debt being assumed.
V. 70, p. 1250; V. 71,
In Oct.
and Port
Stocks—Last
Dividend.
Broadway, N Y
1,666
m.
Wash., 423 miles,
11
Q—M
J
-
p.
Where Payable. and by
Whom.
Mar
do
do
July
do
do
Jan
5 g
A
2,500.000
A
O Chase National Bank,NY Oct
See text. 7 In 1906
New York
Q—F
May
7
M3 AN4
J P Morgan A Co. N Y
326,000
May
6
F
A
A
do
8,021 000
do
g
Feb
6 g
do
do
Q—F
Feb
1,000
1.000 Ac 1 107613000 i
1,000 Ac
t
1893
_
When
1,000
1,000
1.000
.
90.5
Rate
100
1877
1883
1883
...
40
165
Amount
1,000
_
60 4
.
_
Par
Value.
$100
100 Ac
1.000
1887
1900
1895
Bonds—Princi¬
pal. When Due
or
New York office, 34 Nassau St.—(V. 84, p. 221, 508, 868.)
'
NORTHERN PACIFIC TERMINAL COMPANY, OF OREdON.—Owns
terminals on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising lands 270 acres, trackage 32 miles, dock frontage 7,904
feet.
Station at Portland, Ore., opened 1896.
V. 69. p. 230, 441.
LEASE.—Leased for 50 years from Jan. 1 1883 Jointly and severally to
Northern Pacific, Oregon Ry. A Navigation and Oregon & California, with
guaranteed rental to pay Interest, sinking fund and taxes; leases assumed
In 1899 by new Nor. Pac. and Oregon RR. & Nav.
V. 69, p. 230.
STOCK.—.Stock ($3,000,000) owned by said three companies (40%) by
Oregon Ry. A Nav. Co., 40% by Nor. Pac. and 20% by Oregon A Cal.
RR.), and held by Central Trust Co. of New York, to be delivered after
payments to the sinking fund, which Is to cancel the bonds.
BONDS.—The first mortgage Is for $5,000,000; In Feb.1907 $4,225,000 had
been Issued, of which $628,000 retired by sinking
fund—drawings at 110
and Interest.
V. 80, p. 223: V. 82, p. 162; V. 83, p. 156; V, 84 p. 159.
NORTHERN SECURITIES CO.—In 1904 the U. S. Supreme Court de¬
clared the company to be a combination In violation of the Anti-Trust
Act,
and therefore Illegal.
V. 76, p. 8)1, 919, 1249; V. 78, p. 1168.
In April
1905 the pro rata plan of liquidation given below was sustained
by the
U. S. Supreme Court, and the company’s holdings of Great Northern and
Northern Pacific stocks were being distributed.
The stockholders voted on April 21 1904 to reduce the stock from
$395,400,000 to $3,954,000, the par value of shares to remain $100.
In return
for each 100 shares of Northern Securities stock owned the holders to
receive
99 times $39 27 stock of the Northern Pacific, or $3,887 73, and 99
times
$30 17 stock of the Great Northern, or $2,986 83, and a stub for 1 % ($100)
of the original Nor. Sec. stock owned, the latter representing the
remaining
assets In the treasury, pending completion of dissolution.
V. 78, p. 1223.
1275, 1392.
Report for calendar year 1906 was In V. 84, n. 103.
DIVIDENDS.—Dividends 1902, 4%; 1903, 4 4%; 1904, Feb., 1,4%.
On stock as reduced. 5% each paid Jan. 10 1906 and" 1907.
V. 82. p. 101.
OFFICERS.—Pres., James J. Hill; Sec. and Treas., E. T. Nichols; Gen.
Office, 32 Liberty St., N. Y.— (V. 84, p. 103.)
Counsel. W. P. Clough.
NORTHWESTERN COAL RY.—Allouez Bay, Wisconsin, to Allouez Jet.
Wis., 2.53 miles, with coal wharf covering about 80 acres of land.
V. 71
p. 698.
Owned by the Pittsburgh Coal Co., which guarantees the bonds.
See olficlal statement, V. 71, p. 698.
Capital stock, $1,000,000.
For year
ending June 30 1906, gross, $20,700; net, $295; lnt. and taxes, $11,967*
bal., def. for year. $11,672.—(V. 71, p. 698.)
NORTHWEST.—See Chicago A North Western.
NORTHWESTERN PACIFIC RR.—To operate a system extending from
Point Tlburon, Cal. (whence ferry to San Francisco. 6 miles),
northerly to
Eureka, with branches, about 500 miles in all.
Incorporated Jan. 8 1907
in the interest of Southern Pacific and Ateh. Top. A S. Fe and took
by
consolidation the Calif. A Northwestern, San Francisco A North
Pacific,
North Shore RR., San Fran. A Northwestern, Eureka A Klamath River
and Fort Bragg A Southeastern, the odd director, It Is understood, to annu¬
ally alternate.
A connecting line of over 100 miles is to be built from
Wllllts to
Pepperwood.
BONDS.—.San Fran. A North Pac. 5s Issued at $25,000 per mile; s.
f.,
$25,000 y’ly; bonds drawn at 110 and lnt. (Mtge. abstract, V. 49. p.’ 241 )
Of the North Shore 5s of 1902 Merc. Tr. Co. of San Fran, (trustee), the
Sresent Issue Is $3,500,000, of which $1.500,000 were reserved to retire the
L P. Coast 5s at or before maturity, the bal. being Issuable as required for
extensions and Improvements.
V. 74, p. 1252.
The Interest on the 5s of
1902 was defaulted a second time In May 1905, cash for principal and interest
being deposited with the trustee, which declared the bonds due and pay¬
able.
V. 80. p. 1913.
Stockholders will vote April 29 1907 to authorize $35,000,006 bonds, of
which a part to be Issued to retire the old bonds.
V. 84, p. 221, 694
(V. 84, p. 103, 221, 272, 694.)
—
NORTHWESTERN RR. OF SOUTH CAROLINA.—Wilson Mill, S. C.. via
Sumter to Camden, 62.5 miles; branch, Millard to St. Paul, 3.5 m.; track¬
age, 5 m.; total, 71 miles.
Stock, $100,000.
Dividend, 6%, paid yearly
Dec. 1900 to 1902; 1903 to 1905, 6%.
Year ending June 30 1906, gross,
$104,738; net, $45,709; lnt., $28,883; deductions, $4,000; bal., sur., $12,826.
NORWICH & WORCESTER RR.—Owns from Norwich, Conn., to Wor¬
cester, Mass., 59 miles; branch, Norwich to Groton, 13 m.; total, 72 miles
Leased to New England RR. for 99 years from Feb. 1 1869, and
accepted by
N. Y. N. H. A H. since July 1 1898; rental 8 % on pref. stock.—V. 70. d
125.)
v
NORWOOD & ST. LAWRENCE RR.—Norwood to Ravmondvllle, N. Y,.
7 4 miles; opened Oct. 1901.
Stock, $100,000; par of shares, $100.
Bonds
are subject to call at 110 after April 1 1912.
Year ending June 30 1906,
gross, $56,355; net, $34,600; lnt. and taxes, $7,287; bal., sur.. $27 313
Pres., Chas. H. Remington: Manager, F. A. Sherman, Norfolk, N. Y
Treas., Warren F. Howe, Watertown, N. Y.—(V. 74, p. 1090.)
NOVA SCOTIA EASTERN RY —V. 81, p. 727.
OGDEN MINE RR.—Owns Nolan’s Point (Lake
Hopatcong) to Sparta
(or Ogden Mine), N. J., 10 miles.
Leased for 999 years from Jan. 1 1882,
to Central RR. of N. J. for 5 % per annum on capital stock and
$500 yearly
for
organization expenses.
OGDENSBURG & LAKE CHAMPLAIN RY.—See Rutland'RR.
OHIO CONNECTING Ry.—Owns bridge over Ohio River near
Pitts¬
burgh, Pa., and approaches. 9.07 miles.
Leased from Oct. 20 1890 for no
INTEREST OR DIVIDENDS.
RAILROADS.
For
Miles
Date
of
of
explanation of column headings, &c.. see notes
on first page of tables.
Ogden Mine RR—Stock (5 % rental Central of N J)
Ohio Conn Ry—1st M $2,000,000 f gup & 1 (text) F.c*
Ohio A Kentucky—1st M gold sink fd call at 110_Cec*
Ohio & Little Kanawha Ry—1st M gold red 105
K
Ohio River—First mortgage ($2,000,000) gold. FP.c*
General M ($3,000,000) gold first on 30 miles..FP.c*,
Rav Sp & Glen 1st M $400,000 g gu p A L.FP.c*
Huntington & Big S 1st M ($400,000) gold guar_.c*:
Ripley A Mill Creek 1st M g gu p & I (end) FP.c*&r
Ohio River & Western—First mortgage $600,000 g--F
Oklahoma Central—1st M $10,000,000 redeem (text).
Old Colony—Stock 7 % guaranteed by rental
c*
_
_
Bonds not mortgage
r
Bonds not mortgage (authorized $3,000,000) g c*Ar
Bonds not mortgage
e&r
Boston Clinton F A N B mortgage
NB.c
Bonds not mortgage
cAr
Omaha Bridge A Terminal Ry—1st M ($5,000,0.00)
j
Opelousas GAN E—1st M $5,000,000 g gu (text) Me.
Oregon & Cal—1st M gold drawn at 100 gu p & I. Un.c*
Oregon RR A Navigation—Common stock
Preferred stock 4% non-cumulatlve
Consol mortgage (now first) $24,500.000 gold
N c*
Oregon Short Line RR — First M (Ry Co) gold
c*
Utah A Northern first mortgage ($12,000 p m)_.e*
Cons Mguar $ 15,000 p m s f not drawn gold. AB.e*
Cons 1st M $36,500,000 gold (1st M on 400 m).. G.e*
Ref M $100,000,000 g gu p & 1 red (text) -Eq.c*Ar|
Income bonds Series A 5 % non-cumulatlve
OB
..
Series B non-cumulatlve
10
9
'
1903
1896
1900
1886
1887
1890
1892
26
80
172
209
33
11
13
111,
$100
1,000
1,000
1,000,
1 ,000
1,000
1,000
1,000
1,000
1
!
1888
1903
1.000
1,000
100
1888
1894
1895
1680
1902
1.000
.000 Ac
1,000 Ac
1 ,000
1.000 Ac
21
1893
67 0
1906
1887
1,000
1.000
125
1
1,000
100
100
*
-
.
1.063
600
477
477
1,479
1896
1882
1878
1886
1897
1904
1897
1897
1902
35
35
35
2t>
88,
18761883
1905
1881
1,000
1,000
1,000
1,000
500
sylvanla Company, which on Jan. 1 1907 owned the entire stock.
Form of
guaranty, V. 81, p. 669.
For calendar year 1906, gross, $348,924; net,
$287,135; other Income, $39,072; charges, $80,000; dividends (5%), $100,000; bah, sur.. $146,207. —V. 82, p. 281, 752.
OHIO A KENTUCKY RY.—Owns from Lex. A East. Ry. at Jackson,
Ky., to cannel coal fields In Morgan County, Ky., 26 miles.
Operated by
Lex. & East. Ry., but Independent operation resumed In July 1904.
Com¬
mon stock, $200,000; preferred stock, $100,000: bonds as above, $250,000;
junior securities to be taken by stockholders, $175,000.
Bonds are guar¬
anteed by Kentucky Block Cannel Coal Co.
Year ending June 30 1905,
gross
$8 1,511; net, $20,909.
Pres., W. Je L. Walbrldge, 1 Broadway,
New York.
OHIO A LITTLE KANAWHA RY.—Zanesville, O., to Marietta, Ac..
80 miles.
V. 69, p. 907.
Balt. A Ohio has pledged under Its Pitts. L. E. A
West Va. mtge. $585,000 com. and $824,000 pref. stock.
V. 73, p. 1264
-Stock is, com., $918,000; pref.. $1,167,500. Year 1904-05, gross, $255,717;
net, $48,107. —(V. 73, p. 1264.)
OHIO RIVER RR.— (See B. &. O. Map.)—In July 1901 purchased by the
Balt. A Ohio RR., which has pledged $5,884,400 of the $5,915,430 capital
stock as part security for Its own Pitts. L. E. & W. Va. 4s.
•REPORT.— Year ending June 30 1902, gross, $1,559,152; net, $585,942;
Int., $252,536; bah, sur., $333,406.
Earnings since July 1 1902 are In¬
cluded In those of B. & O.—(V. 72. p. 287; V. 73, p. 287.)
OHIO RIVER A WESTERN RY.—Owns Bellaire, O., to Mill Run, O.,
Ill miles;
narrow gauge
trackage to Zanesville, 1 ndle.
In Sept. 1906'
acquired “county railway" at Zanesville, 9 miles.
Also owns majority
stock of International Coal Co., holding 25.000 acres adjoining road.
Suc¬
cessor Jan. I 1903 to Bellaire Zanesville A Cincinnati RR.
In 1905 control
reverted to the original owners, including S. L. A \V. C. Mooney of Woodsheld. O.
V. 80. p. 163. 473, 600, 1913.
The stockholders were to vote Dec. 4 1906 to Increase the stock from-$1.200.000 to $4,000,000 to change the gauge to standard, build extensions
etc.: also to Issue not exceeding $4,000,000 of 5% bonds.
V. 83. p. 1099.
In year ending June 30 1906, gross, $227,033; net, $77,202;
Int. and
taxes, $28,943;
Improvements, $20,008; bah, sur., $28,251-.—(V. 79, p
163. -173. 600. 19 13; V. 83. p. 1099.
2206; V. 80 n
OKLAHOMA CENTRAL RR.—Under construction from Lehigh, I. T.,
to Chiekasha, 132 m.. of which Lehigh to Purcell, 90 m., completed Meh.
1907.
Stock authorized, $10,000,000 (par of shares, Siooi
of which
$2,640,000 to be Issued on 132 m.; to be held until 1910 in voting trust
composed of directors.
Of the bonds, $20,000 per mile under construction
ha\ e been sold.
Bonds are subject to call at par until Dec. 1 1906, there¬
after at 105.
tin* Western Trust-A Savings Bank of Chicago is mortgage
trustee.
Sec sfairrnenl, V7. 82, p. 752
Pres.. Dorset Carter, Lehigh, I.T.;
See. and Treas., W. R. Walling.—(V. 82. p. 752.)
OLD COLONY RR. (MASS.)—Owns road from Boston to Provlncetown,
Mass.
Newport. R. I.. Ac., 518 mites; leases 101 miles.
In Feb. 1907 a
bill was pending permitting purchase of Boston A Providence (leased line),
64 ;nlies.
V. 84. p. 39 1
LEASE. — In 1893 leased to New York New Haven A Hartford for 99
years.
Of the .stock, $6,896,700 was June 30 1906 held by the lessee.
The lease provides for dividends of 7% per annum on stock not exchanged.
V. 56. p. 2 17. 374.
.Stock authorized. $20,000,000.
On May 2 1906
$500,000 additional stock was sold to acquire Nantasket Beach RR. and
fo»- improvements, raising amount Issued to $18,371,400.
V. 82. p. 870.
1041. — (V. 82. p. 870.
1041.)
OMAHA & DENVER SHORT LINE RR.—Projected from Omaha. Neb.,
to Denver, Col.
about 500 miles.
Incorporated in Colorado In 1906.
In
April 19H7 surveys and lights of way were completed.
Contracts for
work are to be let shortly.
Stock authorized. $12,500,000; par of shares,
$100.
V. 83. p. 94.
OPELOUSAS GULF & NORTHEASTERN RR.—Projected from Ope
lousas, La., northeasterly to a point at or near the Mississippi River, and
southwesterly from Opelousas to the Gulf of Mexico.
Of the line, 60 miles
from
Melville to Crowley are under construction.
Stock authorized,
$2.000,000; par of shares, $25.
Bonds authorized, $20,000 per mile, will
ne guaranteed by Tex. A Par. as Issued.
V. 82, n. 98; V. 83. p. 688. Pres.,
E. Satterlee: See., P. B. Berts.
Office, Opelousas, La. — (V. 83, p. 6S8.)
ORAN GE-KE VS VI LLE R Y —V. 83. p. 1037.
ORANGE & NORTHWESTERN RR.—Acquired by the St. Louis &
San Francisco RR.
V. 82, p. 510, 870.
OREGON & CALIFORNIA RR. — (See Map Southern Par.)—Portland
Ore., to California State line, 367 m.; Albany Jet. to Lebanon, 12 m.; Port¬
land to Corvallis, 97 m.; Woodburn to Natron, 93 m.; Portland, Ore., to
Alrlee, Ore., and branch, 81 m.; Mohawk Jet. to Wendllng, 16 in.; trackage,
1 mile.
Total, 665 miles.
LEASE. Ac.—Leased to Southern Pacific Co. for 34 years from August 1
1893. the lessee guaranteeing Int. on the bonds and the lessor receiving any
net proilt and being charged with any deficit after payment of charges. Bet¬
.
payable by lessor.
Southern Pacific
owns
all but $38,802 of
the $19,000,000 stock. $12,000,000 of which Is 7 % pref.
V. 72. p. 287.
Due Southern Pacific June 30 1906, $7,371,737.
BONDS.—Land grant acreage unsold June 30 1906, $2,339,108, part
being covered by the mortgage, proceeds of land sales going to redeem bonds
(subject to call at par).
The Southern Pacific guaranty of principal and
interest Is nrinted on each of the 5"5s.
See V. 63, p. 754.
EARNINGS.—Year ending June 30 1906, gross, $5,885,183;
net.
$1,316.902; int.. taxes. Ac.. $1 ,382.214 —(V. 79. p. 2457; V. SO. p. 2220.)
OREGON RAILROAD & NAVIGATION.— (See Map Union Par.) — East
Portland. Ore., to Huntington, Ore., 403 m.; Umatilla. Ore., to Spokane,
Wash., 227 m.; branches owned, 445; leases Snake River Valley RR., Wal
lula to Grange City, Wash., 66 m.; other. 2 m.; total, 1,143 miles, of which
13 narrow-gauge: river division water lines, 258 miles.
Ocean line to San
Francisco, 660 miles.
A branch from Arlington to Condon. Ore.. 46 miles
built by the Columbia River & Oregon Central RR., Is leased from Julv 1
Ac
Ac
Ac
50
1,000
1,000
1,000
1,000
definite time to Pitts. Clncln. Chic. A St. Louis Ry.; rental, net earnings
Stock Increased In Dec. 1902 from $1,000,000 to $2,000,000 In $50 shares.
Bonds are guaranteed as to principal and Interest by endorsement by Penn
terments are
Ac
1,000 Ac
500
500
500
Bonds—Princi¬
pal, When Due.
or
Par
Value.
1905
Mo
Oregon & So E— 1st M $300,000 gold red 110 s f.. Ta
Oswego & Syracuse—Stock 9 % guaranteed D L A \Y_
Consolidated mortgage (guaranteed by D L A \V)..
Construction mortgage guaranteed (for 51,000,000) F
Overton County—First mortgage $250,000 gold
Owensboro A Nashville—First mortgage gold. Ce.c*
Size,
;
Road. Bonds.
.
do
[VOL. LXXX1V.
RAILWAY STOCKS AND BONDS.
112
Amount
Rate
When
Outstanding
%
Payable.
$450,000
2,000,000
250,000
228,000
2,000,000
2,941,000
376.000
303,000
50,000
600,000
See text.
18,371,400
4.000,000
3,000,000
5,598,000
1,912,000
1,000,000
1,563.000
5
4 g
5 g
5 g
5 g
5 g
6 g
6 g
6 g
4 g
5 g
7
4
4
4
5
3
5
5
5
See text
g
1
2
.
1,802,000
12,328,000
See text.
7
5 g
5 g
4 g
7,185.000 5 % In Se
14,841.000 4 In 1905
5 £
300,000
9
1,320,400
438,000 See text.
5
668,000
5 £
250,000
1,200.000
Dividend.
J 608 Chestnut St, Phila
Jan 1907 2H %
S Farmers’ L A Tr Co, N Y Sept 1 1943
J 1 Broadway, New York July 1 1926
1 1950
S Knickerbocker Tr Co,NY Mar
D Central Trust Co, N Y
June 1 1936
O
do
do
April 1 1937
do
do
A
i Aug 1 1920
J NewYork or Philadelphia July 1 1922
A E W Clark A Co. Phila Aug 1 1908
A
S Baltimore, Md
Sept 1 1953
1 1945
A
DUSMAT Co, NY; A Chi Dec
Office, Boston
Apr 1 '07 1 H %
Q—J
1
1938
J
A
J
do
Jan
1 1924
F
A
A
do
l'eb
1
1925
D
do
Dec
J
A
1 1910
A
J
J New Eng Trust Co, Bost Jan
J
A
J Treasurer’s Office, Boston July 1 1932
1 1943
A
J
J Prov L A Tr Co, Phila Feb
&
M
S Mercantile Trust Co, N Y Mar 1 1956
J
A
J South Pacific Co, N Y
July 1 1927
120 B’way. N Y July 2 1S98 1 %
__r Office.
•>
1907 2%
J
J
do
do
Jan
J
A
D New York A Germany June i 1946
A 120 Broadway, N Y
F
A
;Feb ii 1922
1908
do
A
J
do
J
July
i 1926
do
do
J
A
J
J
A
J
do
do
(July i 1946
A
do
do
J
D
(Dec i 1929
do
do
'July i 1946
pt 1905
do
do
Oct
July i 1946
A
A
O Trust Co. of Amer, N Y April 1 1922
F A A 20 Del Lack A West RR.NY Feb 20 1907
See text.,
do
do
[Matured
M
A
N
do
do
May 1923
1 1945
A
J
J Colonial Tr A S Bk, Chic Oct
A
M
N 71 Broadway. New York Nov 1 1931
J
M
J
M
J
A
F
J
F
M
J
A
A
A
A
A
A
A
A
A
•
g
g
18,235,000
24,000,000
11,000,000 4 in 1906
4 g
21,479,000
6 g
14,931,000
4,993,000
Stocks—Last
Where Payable, and by
Whom.
6 £
(July
i
„
Extension Garland to Malad, 32 miles, was opened
1906.
Branch from Elgin. Ore., to Joseph. 63 miles, also extension
July 1 1906.
of St. John’s
branch. 20 miles, Is under construction.
•
The Oregon A Washington BR, will build from Portland, Ore., to Puget
Sound, about 230 miles.
ORGANIZATION.—Organized In July 1896, per plan In V. 61, p. 325
Controlled by Union Pacific Ry., directly and through Ore¬
Owns $700,000 1st 5s (entire Issue) of Columbia Southern
Ry., Biggs, Ore., to Shanlko. 71 miles.
V. 73, p. 1363.
STOCK.—In July 1906 all except $20,200 com. and $7,880 pref. stock
was owned by Un. Pac. system, being mostly deposited under Ore. Short
Line refunding 4s Of 1904.
V. 70, p. 177; V. 80, p. 1913.
DIVIDENDS.—On preferred: 1897, 2%; 1898 to Jan. 1907. both Inclu¬
sive. 4 % yearly.
On common paid 1 % July 2 1898.
BONDS.—Consol. 4s (abstract V. 63, p. 928), cover all property. Of the
$24,500,000 authorized, the bonds unissued are mostly reserved for the con¬
struction of additional road at the rate of not more than $20,000 per mile of
constructed road.
V7. 74. p. 206.
No separate report.—(V. 80, p. 1913.)
OREGON SHORT LINE RR.—(See Map Un. Pac.)—Granger. Wyo., to
Huntington, Ore., 542 miles; branch to Ketchum, Ida., 70 m.; Ogden to Mcand V. 62, p. 41.
gon Short Line.
Cammon, Ida., Ill m. Pocatello to Sliver Bow, Mont., 256 m.; Cache Jet.
Ida., to Preston, Utah, 42 m.; Ogden, Utah, to Sandy, 50 m.; sundry
branches, Ac., 262 m.; Butte to Garrison. Mont., 57 m., owned, but oper.
by Nor. Pac.; trackage, 11 m.; total, June 30 1906, 1,401 miles.
On July 7 1903 the portion of the main line from Salt Lake City. Utah, t»
Callentes. Nev., 340 m.t with some branch mileage and additional completed
road south of Callentes, 512 m. In all, was taken over under purchase by San
Pedro Los
Angeles & Salt Lake Ry., the Ore. Short Line acquiring a half In¬
terest In the San Pedro L. A. A S. L. V. 79, p. 1705.
V. 76, p. 919, 1356;
V. 77, p. 38.
Branch from Minidoka to Twin Falls, Ida., 59 m., was opened
Sept. 10 1905, to be extended 26 miles; also branch from St. Anthony, Ida.,
to Yellowstone Park. 70 miles, of which 16 miles opened June 1906.
HISTORY.—Successor March 16 1897 of the Oregon Short Lino A Utah
Northern Ry. foreclosed per plan In V. 62, p. 504. 505.
Controlled by Un.
Pac., which holds nearly the entire capital stock and the greater part of the
Income A and B bonds.
V. 75, p. 1032.
Acquisitions In 1906. $36,393.432 4 14% notes given m part payment maturing In Meh. and Sept. 1907.
V. 84, p. 52, 572, 932.
In No\ 1906 allied Interest acquired control of the
Utah Light A Railway, Salt Lake City.
V. 83. p. 1171.
CAPITAL STOCK.—Authorized, $27,46U,luu, of which Union Pacific
RR. Co. has acquired $27,450,100.
V. OS. p. 18S, 381,474.
In 1906 paid
50% dividend.
V. 84. p. 52.
BONDS.—Of the $36,500,000 first consols, $22,029.000 are reserved to
retire at maturity the loans not disturbed.
Series A Income?, non-cumulatlve 5 per cents, have received: !n Sept.
1897, 4 %: Sept, yearly since, the full 5%, at Guaranty Trust Co., New
.
York, or Old Colony Trust, Boston.
V. 60, p. 492.
Oregon RR. A Navigation stock, viz., $16,281,400 common and $976,900
referred Is owned and pledged as special security for the Series P, incomes,
ut dividends thereon are to go to the Short Line company except as needed
to pay to Series B their full Interest
In Oct. 1808 3 % and ;n Oct. IS99 to
1906, Inclusive, 4 % yearly was paid on the Series B Incomes. V. 65. p. 572:
V. 66. p. 1141.
The Union Pac'llc owns $6,815,000 of the $7,185,000 Income “A’ bonae
and $14,793,000 of the $14,841 ,000 "B” bonds. V. 70. p. 176.
The ref. gold guar. 4s (eollat. trust) of 1904 (authorized Issue, $100,000.000) are subject to call at 102 ^ on and after Dec.l 1907. The bonds were se¬
cured by pledge of the following stocks: $5,000,000 Northern Seeurlt es;
$18,000,000 pref. and $90,000,000 com. Sou. Pac. and $10,000,000 pref. and
$20,000,000 com. Ore. RR. A Nav. The collateral may be replaced by other
of equal value.
Of the bonds, $45,000,000 has been sold, the remaining
$55,000,000 being held In Union Pacific treasury.
See abstract of mort¬
gage, V7. 80, p. 2403.
V. 79. p. 2080; V. 80, p. 1913.
The 4 % A participating gold bonds were called for payment Feb. l 1905
Financial office. 120 B’way, N. Y. City.—(|V. 84, p. 52, 932 0
OREGON A SOUTHEASTERN RR.—To extend from Cottage Grove
Ore., to the Bohemia Mining District, 36 miles, of which Cottage Grove to
Wildwood, 20 m., completed In Oct. 1906; branches, 4 m.; total, 24 m. Ex¬
tension from Wildwood to Bonita, 6 m., will be completed In summer of
1907.
Stock authorized, com., $500,000; pref., 7% cum., $500,0U0; out¬
standing, $400,000 of each; par of shares, $100.
Pref. Is subject to call.
Bonds, see table. Pres.G.B.Hcngen,15 William St.,N.Y.— (V.75,p.l35.)
OSWEGO A SYRACUSE RR.—Owns from Oswego, N. Y., to Syracuse,
N. Y.. 35 miles. Lea-sed In 1869 during length of charter and renewal thereof
to the Delaware Lackawanna A Western RR. Co. for 9 % per vear on $1.320.400 stock and Interest on bonds.
The $438,000 7%*bonds due Meh. 1
1907 were taken up at maturity by the D. L. A W.
OVERTON COUNTY RR. —Owns Algood, Tenn., on Southern Ry., to
Livingston, 20 miles, completed March 1906.
Extension easterly to Junc¬
tion City, Ky., on the Cln. New Orl. A Tex. Pac., 76 miles, under construc¬
tion.
Stock authorized, $250,000. to be Increased to $2,500,000.
Bonds,
see table above;
trustee. Colonial Trust A Savings Bank. Chicago.
V. 81,
Gross earnings In 1906, $70,000; net, $52,p. 727.
Car trusts. $183)00.
000; dividends (5%), $12,500.
Pres., Geo. L. Wilkins, Chicago; Sec. and
Treas.. E. C. Knight, Livingston. Tenn.—(V. 83. p. 626; V. 84. p. 103.)
OWENSBORO & NASHVILLE RY.—Owns from Owensboro. Ky., to
Adalrvllle, Ky., 84 miles; Mud River Branch. 4 m. Operated by Loulsv. A
Nashv. RR.. which owns the $1,156,525 stock (par, $100) and the $1,200,lst mtge. bonds—all these bonds and most of the stock being pledged under
Its trust deeds.
OZARK A CHEROKEE CENTRAL RY.— (See Maps Rock Island Co.)
—Owns Fayetteville, Ark., to Okmulgee, I. T., 144 miles, Including
steel bridge over Arkansas River.
Stock, $9,000,000, of which $2,880,000 Is Issued and owned by the St.
Louis A San Francisco, which operates the road as part ot Its Central division
and guarantees bonds, principal and Interest.
The $120,000 unissued
bonds are reserved to retire the $100,000 Muskogee City Bridge bonds. See
V. 76. p. 865. 919 V. 78, p 703
2335.—(V. 80 O. 1424 )
Apr., 1907.J
RAILROADS.
For
see notes
Miles
Date
of
of
144
Panama—Stock
i
First M $4,000,000 8 f gold red at 105 (text) _Ce.c*
Subsidy bonds gold drawn at 100 (V 64, p 705)..c*
Paterson & Hud Riv—Stock 8% rent N Y L E & W
Paterson & Ramapo—Stock (rental guaranty)
i
Pemigewasset Valley RR—Stock (rental guaranty)
Penn Eastern—Quakertown& Eastern 1st Mg.OuP.c*;
Tri
Pennsylvania RR—Stock $400,000,000
General mortgage bonds $1,000 and £200 each-.c&r
Cons mort of) Gold registered bonds
r
1873 secures [Gold coupon bonds
c
all equally.
Gold coupon s f 1 % not drawn._c*l
j Sterling (s f In 1900) not drawn.c* <Ssri
Bonds (P W & B stock as collateral)
r
Collateral trust loan gold not drawn
c*
Collateral trust notes $60,000,000
Gold bonds redeemable (text) convertible
GP.c*
50
50
50
14
14
_
do
Size,
Road. Bonds.
Ozark & Cher Cent—1st M gold guar p ft 1 red par__N
MuskCy Bridge 1st Mg lnt rent red 105 beg ’07 SSt c*.
Pan-Amer RR (Mex-Guat)—1st M (text) red 105_.c*i
do
do
Penn car trust gold $700,000.paid yearly
Penn equipment trust gold $200,000 paid yearly
do
do
$400,000 paid yearly
do
do
$400,000 paid yearly
Penn steel car trust gold $700,000 paid yearly
do
do
gold $300,000 paid yearly
x On coupon bonds J & J on registered bonds A &
O
j
_
When
Value.
Outstanding
%
Payable.
100
50
1899
1900
1900
1901
1902
1902
j 1902
In cludin
g
212,000
1,000
4H
7
1,000
862,000
4 g
1,000
6.000,000
4 g
1,000
2,660,000
3 X
1,000
1,800,000
800,000
1,000
3^
1,000
2,100,000
3X
1,000
800,000
3«
$1,000 $2,000,000
3H
1,000
2,000,000
3«
1,000
4,200,000
3>S
1,000
1,800,000
3H
$293.7 00 bonds he Id alive
PAN AMERICAN RR. (MEXICO-O UATEMALA) .—Projected from San
Geronlmo, Mex., on the National Tehuantepec RR.. southeasterly to the
Guatemala border, about 300 miles, with connections to the City of Guate¬
mala, of which 200 miles completed In Mch. 1906; balance to be In about 18
months.
Mexican Gov’t subsidy about $10,000 gold per mile.
Stock au¬
thorized, $10,000,000; outstanding, Apr. 1906 $1,084,600. Bonds author¬
ized, $12,000 per mile of main track, but limited by supplemental mtge. to
$8,000 per mile until the net earnings are double the Interest charge on the
In 1906 $1,000,000 bonds were sold.
entire authorized amount.
Pres., D.
P. Doak, San Francisco, Cal.—(V. 82, p. 693; V. 83, p. 213, 436.)
RR —See page 179.
PATERSON & HUDSON RIVER.—Owns from Marlon. Jersey City, N
J. (south of Bergen Jet.), to Paterson, N. J., 14 mile
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 & RAMAPO RR.—Owns from Paterson. N. J.. to New York
of Erie RR. to which
State Line, 14 miles, double track, part of main line
leased Sept. 1852 during legal existence, at $26,500.
& NORTHEASTERN RY.— {See Map Atch. Top. A
Fe.)—Owns from Pecos City. Tex., to Amarillo, Tex., 370 miles;
branch Amarillo to Plalnview, 75 miles, opened March 1907.
In Dec. 1900
the Atch. Top. & Santa Fe acquired over 97 % of the $2,916,000 bonds (50year gold 5s of 1948) and 97 % of the common and preferred stocks ($3,162,000 each)
Operated from July 1 1906 as a part of the Atch. Top. & Santa
Fe system.
V. 72. p. 88, 137; V. 73, p. 736.
REPORT.—Year 1905-06, gross, $1,187,090; net, $508,902; other Income,
PECOS VALLEY
Santa
.
$190,501; total deductions, $443,219.—(V. 73, p. 900.)
PEMIGEWASSET VALLEY RR.—Plymouth, N. H., to Lincoln, N. H.,
23 miles. Leased to Concord ft Mont, for 6 % on stock; oper. by Bost. & Me.
PENNSYLVANIA EASTERN RY.—Quakertown to Rlegclsvllle, Pa.. 15
miles.
In 1906 name was changed from Quakertown & Eastern Ry.
Stock, $180,000, all outstanding; par of shares $50.
Year ending June 30
1906, gross, $13,805; op. def., $1,011; charges, $10,863.—President, John
Jameson; Sec., Henry S. Funk, Quakertown, Pa.—(V. 83, p. 1471.)
PENNSYLVANIA RR.—[See Map.)—The system, as shown on the ad¬
joining map, extends from New York City westerly, via Philadelphia, to
Pittsburgh. Erie, Cleveland, Toledo, Chicago and Burlington on the north,
and to Washington, Cincinnati, Louisville and St. Louis on the South. The
totaf system on Jan. 1 1907 aggregated 11,080 miles, of which 3,820 miles
represents the mileage operated directly under the caption “the lines east
of Pittsburgh and Erie,” and 2,865 miles the mileage operated directly under
the caption “the lines west of Pittsburgh and Erie,” the latter being more
fully described under the title Pennsylvania Company and Pittsburgh Cin¬
cinnati Chicago & St. Louis.
The other lines are operated Independently.
East of Pittsburgh and Erie.
|
Miles.
Main Line and Branches— Miles Other lines (lncl. D.&R. Canal
66 m., and ferries, 2 m.)
Phlla. to Columbia, Pa
81
493
Phila., Pa., to New Bos.Jet., dcc.290
Total
In
Penn. RR. statistics 3 820
248
Harrisburg, Pa., to Pitts., Pa
Branches and spurs
143
700 Trackage
REPORTED SEPARATELY—
Total main line and branches 1,319 Phlla. Balt. & Washington
702
Northern Central Ry*
Lines oper. by lease or contract—
450
West Jer. & Seash. RR.*
Har. Ports. Mt.Joy&Lan.RR.*
331
Dillersvllle to HarrIsb.,Pa.,&c_ 53 Cumberland Valley RR.*
163
United New Jer. RR.*, Trenton
Long Island*
392
to Jersey City, ftc
Balt.
Ches.
ft
Atlantic
:
147
88
Ry
Phlla. & Trenton RR.*
26
Grand total east of P. & E
Allegheny Valley Ry.*
262
6,1 to
West of Pittsburgh & Erie.
West. New York & Penn.*
549
REPORTED DIRECTLY—
Connecting Railway*
37
Pitts. Cln. Chic. & St. Louls*__l ,526
Lines operated under contract—
Bald Eagle Valley RR.*
94 Pennsylvania Company lines*-.1,339
Cambria & Clearfield RR.*
...393
Total reported directly
81
Belvldere Delaware RR.*
..2,865
REPORTED SEPARATELY—
Phlla.1 & Long Branch RR
49
Delaware.Rlv. RR. ft Bridge*-.- 10 Grand Rapids & Indiana lines*.. 575
Phlla. & Erie RR.*
307 Vandalla RR.*
923
Other lines (see Pa. Co. statem’t) .505
•See each company's statement.
Total system Jan. 1 1907
10,978
ORGANIZATION, LEASES, &c.—The charter of the Pennsylvania RR.
was dated April 13 1846.
The Pennsylvania Company controls all the lines
west or Pittsburgh and Erie, the Pennsylvania RR. Co. holding all Its stock.
In 1900 acquired most of stock and income bonds of Western N. Y. ft Penn.
V. 72. p.481.
The Western New York ft Pennsylvania Ry. and the Allegheny Valley
Ry. were taken over under lease In 1900. In May 1900 purchased a majority
of Long Island RR. stock. V. 72, p. 481. Western Pennsylvania and other
roads connecting with the main line were merged April 1 1903 and the Pitts
burgh Va. ft, Charleston In 1905. V. 76, p. 486, 694; V. 80 p. 1112. The
stockholders voted Mch
13 1906 to purchase the Allegheny Valley Ry..
South West Pennsylvania Ry. and York Hav. & Row. RR., and on Mch. 12
1907 to acquire the Phlla. & Erie.
V. 82, p. 453, 629; V. 84, p. 626.
SECURITIES OWNED.—The total cost of these to Jan. 1 1907 was
"$194,769,719; many of which are pledged to secure Pennsylvania Issues.
Revenue derived from these securities In 1906, $11,741,184.
DIVS.l '85. ’86. '87. '88. ’89. ’90. ’91. ’92.
P’rCt.J
In 1893
5
555^5
5
paid also 2 % In scrip.
5
6
6
’93-99. ’00-May’06Nov ’06.
6 yearly.
3^
5 y’rly
STOCK.—The stockholders March 10 1903 authorized an Increase In
stock from $251,700,000 to $400,000,000, to be made from time to time
in the discretion of the directors.
Of the stock. $20,980,350 was Issued
(See below.)
In 1903
April 1903 In exchange for convertible debentures.
5 g
$2,880,000
5 g
100,000
1 000,000
5 g
7,000,000 See text.
2,143,000
4H g
6 g
271,000
630,000
8
298,000
6
100
541,500
5 g
500
180,000
50 311,776.800 See text.
6
$ or £
19.997,820
5 g
1,000
3,498,000
5 g
1,000
1,500,000
4
1,000
2,741,000
g
£200
4,850,000
3H g
4
1,000
7,701,000
9 900,000
1,000
4H g
5
5,000 &c 60,000,000
500 &C 20,000,050
3H g
500^ StC 99,618,500
3^ g
5
100 &c
al ,000,000
100 &c
6
1,349,500
4 g
1,000
500,000
100 &c
5
75,000
4 g
1,000
4,000,000
’98-’99
a
Rate
1,000
1,000
1867
1879
1879
1893
1895
1881
1883
1907
1902
1905
1878
1878
1896
1879
1888
1882
1877
1904
1889
j
Amount
1897
1880
857
857
857
857
857
1
Par
$1,000
1,000
1,000
1897
43
43
56
5
138
4.62
131
or
1903
1902
1903
15
c*&r
c
Sunb Haz ft Wllk 1st Series A drawn at 100
Second mortgage Income
c&r
Sun & Lewis 1st M $600,000 p ft I gold
GuP.c*;
West Chester first mortgage assumed
j
West Pa consol mortgage gold assumed
PIP c*
River Front first mortgage assumed.
;
Southwest Penn 1st M s f $5,000 yearly not drawn_r|
Pitts Va & Ch 1st M gold guar p & 1
GP.c*&r
c*<
Equip trust gold bonds (s f 5 %) not drawn
Penn rolling stock trust gold $300,000 paid eachA&O!
Penn car trust gold $300,000 paid yearly
PANAMA
!
INTEREST OR DIVIDENDS.
explanation of column headings, &c.,
on first page of tables.
do
113
RAILWAY STOCKS AND BONDS
g
g
g
g
g
g
1
Where Payable, and by
Whom.
!
Bonds—Princi¬
pal, When Due
Stocks—Last
Dividend.
O New York Trust Co, N Y Oct
1 1913
J St Louis Union Tr, StLlJuly 1 1942
J Amer Tr ft Sav Bk, Chic Jan
1 1934
24 State St, New York Feb 1 1905 5 %
A
ft
do
do
O
Oct
1 1917
ft
N
M
do
Nov 1 1910
do
J
&
J Paterson, N J
Jan 1907 4 %
J
&
J
do
do
Jan 1907 4%
F
ft
A Treas Off, Concord N H Feb 1907 3 %
J
ft
J Quakertown, Pa
Jan
1 1927
M&N31 Office, Philadelphia
Nov30 '06 3% %
See x
Office, Phlla & London
July 1 1910
Office, Philadelphia
Q—M
Sept 1 1919
M
do
ft
S
do
Sept 1 1919
M
ft
N Farmers L ft Tr Co, N YlMay 1 1943
J
&
J London, England
July 1 1946
J
&
J Penn Co for Ins, &c, PhlliJuly 1 1921
J
ft
D Provident L ft T Co, PhlllJune 1 1913
M & SI5
Mch 15 1910
M ft N Amer Ex Bk, NY: ft PhillNov 1 1912
J
ft
D Am Ex Bk, N Y, Phil,Ac Oct
1 1915
M ft
N Broad St Station, Phila May 1 1928
M ft N
do
do
May 1 1938
do
do
J
&
J
July 1 1936
M
ft
S Broad St Station, Phlla Sept 1919
J
ft
do
D
do
Jun,e 1 1928
M
ft
do
do
N
May 1 1912
F
ft
A Broad St Station, Phlla Feb
1 1917
M &
N New York and Phila
Nov 1 1943
M
ft
S Girard Trust Co, Phlla
Sept 1 1914
do
do
Oct 1907-1909
Q—J
do
do
NOV 1907-1909
Q—F
Girard
Trust
Feb 1908-1910
Co, Phlla
Q—F
Q—M Commercial Trust Co, Ph Dec 1907-1910
do
do
June 1907-1911
Q—M
do
Mar 1908-1912
do
Q—M
do
do
Q—J
July 1907-1912
do
do
Oct 1907-1912
Q—J
n sinking
fund.
A
J
J
ft
&
ft
sold $75,094,750 new stock at $60 per $50 share.
V. 76, p. 383, 488, 594
706, 1193; V. 77, p. 37, 770.
In 1905 $1,106,650 stock was being Issued In
exchange for the Southwest Pennsylvania Ry. minority stock per terms In
V. 80, p. 2458, and In 1906 $2,980,000 stock in exchange for the $5,296,750
Allegheny Valley minority pref. stock at the rate of $56 25 Penn, stock
over 90% of said pref. having assented.
V. 81, p. 1493; V. 82,
p. 752.
In Jan. 1907 $1,694,400 was being Issued In exchange for Cum¬
berland Valley stock and $4,485,200, dollar for dollar, for the minority
Phila. & Erie stock.
V. 84, p. 103, 159, 221, 391.
for $100;
Stockholders on March 12 1907 authorized Increase of the stock and
bonds by $100,000,000 each, to be Issued from time to time as required,
$60,000,000 collat. trust 5% gold notes dated Mch. 15 1907 forming part
of the $100,000,000 bonds.
V. 84, p. 103, 626.
BONDS.—Consolidated mortgage of 1873, see “Supplement” of Oct. 1901.
The 4% loan of 1881 Is secured by Phlla. Wllm.&Balt. stock. Mtges. and
ground rents payable Dec. 31 1906, $3,074,161. V. 77, p.1875; V.78, d.103.
In 1902 were Issued $50,000,000 10-year 3H % gold bonds, dated Nov. 1
1902, of which $29,999,500 were converted In Dec. 1906 Into stock at $70
per share and balance are convertible at holder’s option at $70 per share on
any lnt. day, on 30 days’ notice; they may be called for payment at 102
on
any lnt. day, but If called converted on basis stated.
See V. 74, p. 577.
In 1905 stockholders subscribed at par for part of $100,000,000 of 8# %
gold bonds, the balance being taken by a syndicate.
The bonds are (sfnee
Dec. 1 1905) convertible at option of holder at any time Into stock at $75
per $50 share unless previously called for redemption on Dec. 1 1910. or at
any subsequent lnt. period on 90 days’ notice, at par and lnt.: but when
so called they may be converted up to 30 days prior to the date named In
said notice for redemption.
A part of the proceeds was used to retire the
$27,480,000 6% bonds maturing June and July 1905; balance for Im¬
provements.
See V. 80. p. 1112, 1236, 1913; V. 81, p. 1437.
GENERAL FINANCES.—In 1901 obtained control of the Pennsylvania
and Cambria Steel cos. See “Industrial cos.” and V.72, p.1280; V.82, p.805.
In 1907 the company was actively constructing a passenger electric tunnel
railroad from Jersey City under the North River to a central passenger sta¬
tion at 33d St. and 7th Ave., New York City, and thence under the East
River to a connection with the Long Island RR. In Long Island City.
The tunnel will afford entrance into New York City
for the Penn¬
sylvania RR. and Long Island
RR. and permit the sending of through
trains by rail direct from the South and west to all points In New England
via the bridge from Mott Haven to Long 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. 380, 478, 831. 884. 1308; V. 75. p. 1203 1302 1355: V
82, p. 1269; V. 83, p. 626, 891; V. 84, p. 340.
The $60,000,000 3-year 5% notes, dated Mch. 15 1907, will provide for
the payment of the $50,000,000 Penn. Co. notes maturing Nov. 1 1907
and construction, &c., requirements In 1907.
They are secured by de¬
posit of $45,000,000 Penn. RR. 4% equipment certfs., $10,000,000 watersupply 4 % trust certfs. and $8,800,000 Penn. Co. stock. V. 84, p. 451, 571.
In June 1906 the Issue of $50,000,000 (250,000,000 francs) French loan
(Penn. Co. guar. 3 34 % bonds) was sold to pay part of cost ($42,000,000) of
equipment and completion of the water-supply system.
On Dec. 31 1906 the Pennsylvania Company held (V. 84, p. 928) the entire
outstanding amounts of the following Issues (compare table above), re¬
ceived in whole or In part In connection with aforesaid French Issue.
Penn.SteelRoll.Stk.Tr.4J%$2,700,000 |Penn. Gen. Frt. Eq. Tr.
Penn.£teel Freight Car Tr.
4% ’07, $100,0p0,000.$22,218,000
4% gold
9,300,000 Penn. RR.
Tr. 4%
Pcnn.St’l Eq.Imp.Tr.4%-10,000,000|
Water
Supply
10,000,000
As to $100,000,000 equipment trust here shown, see V. 84, p. 231,340.
Statement of President Cassatt In June 1906 was In V. 82, p. 439, 569.
In Sept. 1906 about half of the company’s holdings In Balt. & Ohio (sec
that co.) and Norf. & West, stock were sold, realizing about $50,000,000;
also in Dec. 1906 $15,630,000 Ches. & Ohio stock.
V. 83. p. 562, 1412.
In Nov. 1906 the dividend rate was Increased from 6% to 7%.
Increase
In wages, Dec. 1906, V. 83, p. 1171.
Increase In stock and bonds authorized Mch. 1907, see “Stock” above.
New bond Issues of affiliated companies In 1903-06 Include In part:
Phlla. Balt, ft Wash. 4s_$10,000,0001Penn.Co.French fr.loan..$50.000,000
6,000,000
Long Island RR. 4s, guar 22,408,000 Pitts. Va. ft Chari.4s,gu_
Penn. Co. 4
% gu. notes 50,000,000 Pitts. Cln. Chi. & St. L. 10,000,000
10,000,000
Penn.Co.3I^% gu.tr.ctfs 15,000,000 Vandalla RR
Penn. Co. 4 % bonds
20,000,000 Washington Terminal Co 10,000,000
In June 1903 allied Interests purchased $6,924,200 of the $11,000,000
Hocking Valley Ry. common stock; see that co. V. 77, p. 1225.
LATEST EARNINGS.—Jan. 1 to Feb. 28 (2 months), directly operated
Llnescasf of Pittsburgh 11907
Gross, $24,036,572; net, $4,931,508
and Erie.
J1906
Gross,
22,826,572; net,
5,434,008
LInesicesJ of P. and E., Inc or dec
Gross,
inc.857,500, net, dec.81,000
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Annual meeting Is
held at Philadelphia on second Tuesday In March.
The report for 1906 was
given at length In V. 84, p. 566, 574; see also editorial, p. 539.
EARNINGS ON ALL LINES BOTH EAST ft WEST OF PITTS. & ERIE.
Year ending Dec. 31—
Gross earnings..
Net earnings
1906.
1905.
1904.
$295,898,165 $266,069,597 $237,216,420
84.354,399
73,969,249
65,702.960
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
Year ending Dec. 31—
1906.
Miles operated
3,820
Gross earnings..
$148,239,882
Net earnings
$46,434,238
lnt. on Pa. RR. Investments
11,741,184
lnt. on United N J. securities
346,109
lnt. for use of equipment
395,041
General lnt. and miscellaneous—
62,629
Rents
239,299
Gross income
$59,218,500
1905.
1904.
3,764
3,748
$133,921,993 $117,198,414
$35,305,526
$40,531,582
10,018,026
267,963
371,913
1,067,604
311,411
$52.568 490
9,864,534
261,498
434,858
853,374
946,756
$47,756,546
INTEREST OR DIVIDENDS.
RAILROADS.
explanation of column headings, Ac.', see
on first page of tables.
of
notes
!
Road. Bonds.
Penna Steel equipt improvement trust
Penn gen freight equip tr (see text) ($100,000,000).
r
Delaware Avenue Market first mortgage
Delaware Avenue Bloodgood property
~r
Penn RR real estate purch money gold M — F.c*&r
-
Company—Bonds gold guaranteed.c* &r
Guar tr certs $20,000,000 gold guar Pa RR Ser A..r
do
do
do
Series B
GP.c*
do
do
C*
do
Series C
do
Series D
do
do
QP
Gold loan $1 334,000 drawn yearly g gu Pa RR.QP
Gold loan red after 15 years (guar V83, p 1229) GP.c*
Gold notes $50 000,000 guar p & 1
FP
French loan 250,000,000 fr gu red from 1918
GP
Pennsylvania & North Western—See Cambria tc Clear
Peoria & Bureau Val—Stock rental.
See text
Peoria & Eastern—Ind Bloom & W 1st M pref.Ce.c&r
Ohio Indiana & West 1st M pref gold int guar.Ce.c*
Peoria & East cons M $10,000,000 Int guar.-Ce.c*
Second consol mortgage Income non-cum
Ce.c
Peoria & Pekin Union—First mortgage gold
Ce.c
Second mortgage gold
..Ce.c
Pere Marquette—Common stock 5 % rent $16,000,000
Pennsylvania
do
......
47
202
342
342
342
20
20
Refund M $60 000,000 g gu d &
l
1 (end)—Ce.c*&r
1 000
5,000
500 fr&c i
100
100 &c
500 &c
...
1.000
1,000!
1,000!
j 1906
1906
_.J
1907
1
838,360
1,000,000
400,000
9,007,000
1,000
___| 1905
1904.
$25,715,221
$26,853,278
$23,014,916
$24,741,630
$182,969
$181,142
$31,428,261
$26,853,278
$24,741,630
$24,725,484
$24,725,484
$24,725,484
~'ll ’805
Payments to trust funds—
$225,956
Consol, mortgage sink, fund, &c .
131,170
Extraordinary expenses
8,701,475
(6^)19.869,661
Dividends
Extraordinary expense fund
2,500,000
...
’2 14*208
4,210,571
136,400
1,976,334
131,450
401,530
8,424,881
6,225,923
(6)18,113,978 (6)17,933,035
"
__
|! ;
•
Ingersoll, Clement A. Griscom. Henry C. Frick, William
H. Barnes, Geo. Wood, C. Stuart Patterson, Effingham B. Morris, Thomas
DeWltt Cuyler, Jas McCrea, Lincoln Godfrey, .John P. Green, Charles E.
Pugh, Samuel Rea.—(V. 84, p. 574, 626, 868, 932.)
E.
PENNSYLVANIA COMPANY.—{SeeMap
Pennsylvania RR.)—Operates
under lease or otherwise all the system of the Pennsylvania Railroad west
of Pittsburgh.
Owns no road In fee.
Controlled by stock Ac.:
Miles.
Leased by transfer from Pa. RR.:
*1,371.98
Miles. Pitts. Cln. Chic. & St. L
’469.89 Cln. fa Muskingum Valley._*148.45
Pittsb. Ft. W. & Chlcago.
12.23 Waynesburg & Washington.
28.15
Masslllon fa Cleveland
45.75
Erie & Pittsburgh.
*83.27 Cln. Leb. & Nor
Grand Rapids & Indiana
Musk., Gr. Rap. & Ind
423.15
Cleveland & Pittsburgh — *200.91
36.85
Leased directly by Pa. Co.:
Traverse City RR
26.00
Pitts. Youngs. fa Ashta Ry. ■138.91
Cln. Rich. fa Fort Wayne.
*85.83
Toledo Wal. Val. & Ohio... ’236.04
Vandalla RR
*656.32
Controlled by stock or otherwise:
Haute
&
Peoria
RR..
145.12
Terre
Cleveland fa Marietta
*103.13
Pitts. Ohio Val. & Cln
15.27 Cleve. Akron & Columbus.. 193.76
Marginal RR., Beav. F.,Pa_
South Chic. & Southern
Branches W.N.Y. fa Pa.Ry
Youngstown fa Ravenna—
_
Total Penn. Co.
lines
3.51 Wheeling Terminal Ry
21.98
51.76
2.31
9.65
Louisville Bridge
Controlled Jolnty:
Central Indana.
Pitts. Chartlers fa Yough
Tol. Peoria & Western
1,339.21 Trackage.
2.44
*117.58
*19.69
*230.70
167.92
5,048.55
Total of all lines
ORGANIZATION.—Chartered In Penn. April 7 1870. Its $60,000,000
stock Is owned by the Pennsylvania Railroad. On Dec. 31 ’06 the Penn. Co.
owned sundry stocks and bonds having value per balance sheet of $222,321,321. and yielding In 1906 an Income of $7,634,271. See list V. 84. p. 928.
DIV’S.— \’92. ’93. *94. ’95 to ’00. ’01. ’02. ’03.
’04. ’05. 1906.
Per cent
j
4
4
4
None
3
3
„4
5
5
6
•See this company.
BONDS.—The gold bonds of 1921 are secured by leases of
C., the Cleve. & PittRb. and Erie fa Pittsb. railroads, and
P. Fort W. &
of bonds and
stocks having a par value In 1881 of $24,171,630, as well as real estate.
The guaranteed trust certificates, “A,” “B” and “C.” were Issued by
Girard Trust Co., Philadelphia, as trustee, under a deed of trust made by
the Penn. Co. and the Penn. RR. Co., whereby the Penn. Co. has pledged
equal amount at par of the 7 % guar, special stock of the Pittsb. Ft. W.
& Chic. Ry. 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 guar¬
anteed stock to an amount equal to the par value of the series, the sinking
See V. 65, p. 368, 572, 1116;
fund having retired $870,000 to Apr. 1907.
V. 67. p. 122; V. 72, p. 339, 490.
The $10,000,000 guar. 3^ % trust certificates. Series “D,” sold late In
1904, are part of a $20,000,000 Issue to be Issued In series and secured by an
an
equal amount of Pittsb. Ft. W. & Chicago guar, stock.
V. 79, p. 2457.
The 3 yt% gold loan of 1901 was Issued to pay for acquisition of stocks of
the Pennsylvania and Cambria Steel companies.
They are guar., p. and 1..
by Penna. RR., and are subject to call for redemption Nov. 1 annually
by lot at par In 15 equal drawings.
V. 73. p. 843, 957. Collateral Sept.
1906 consisted of $16,800,850 par value of stock.
The $20,000,000 gold loan 4s of 1906, guaranteed, were in Oct. 1906
secured by deposit of $14,000,000 Pitts. Cine. Chic. fa St. L. com. stock,
$4,000,000 Vandalla RR. stock, $3.660,1(H) West J. & Sea Shore com.
stock. $2,216,500 Cleveland fa Pittsburgh betterment stock and $2,240,800
of other stocks of railroads of system; total par vatue of collateral, $26,117,V. 82, p. 335; V. 83. p. 1229.
400.
On Oct. 1 1905 the $50 000,000 of 4 '4 % collateral betterment notes were
Car trusts Dee. 1906, $11,360,666.
paid.
The $50.0(M),000 guaranteed 4 Vi % gold notes of 1906 arc secured by
stocks of sundry cos.of par value of $56,890,000. V. 82. p. 1157; V. 83,p.214
The 250,000,000 French franc 3 H % guaranteed loan of 1906 Is payable,
p. A 1., In francs. Denomination 500 and 2,500 francs. V. 82, p. 1439.
REPORT.
Report for year 1906 was In V. 84, p. 928, showing, on
1.4 11 miles, $46,036,806; net, $10,188,877; other Income, $9,247,081;
Interest, rentals, fee.. $10,502,070; loan certs, redeemed, sink, fund, ice.,
$1,945,471; dividend (6%), $3,600,000; extraord. exp. fund. $2,500,000;
bal., sur., $888,417.—(V. 83. p. 1412; V. 84, p. 928, 932.)
PEORIA & BUREAU VALLEY RR.—Peoria to Bureau Jet, Ill., 47
miles.
Leased In 1854 to Chicago Rock Island & Pacific RR. for $125,000
yearly; dividends, usually 8% yearly, occasionally more.
—
Dec
1907-1911
May 1908-1915
Sept 1907-1915
June 1907-1916
Jan 1908-1916
!M
4.3
4.4
4 g
M
^
M
J
3H
M
F
3H
3^
J
3 H
J
3 M
M
4 g
A
4^gM
4
g
g
g
g
g
g
Mar
SiPhlladelphla
&
&
1909
1912
1923
1921
1937
1941
1942
1944
1916
1931
1907
> 1921
Sept
N Farmers’ L & Tr Co, N Y May
J National City Bank, N Y July
S Union Tr, N Y: & Phlla Sept
SI
&
&
&
&
&
&
&
&
.
do
AiAmer Exch Bank, N Y
D
do
do
D Philadelphia, Pa
NlNew York & Philadelphia
O Girard Trust Co, Phlla
NlNat BkofCom.N Y; &Phl
&
3 H
F
A
Feb
Dec
Dec
Nov
April
Nov
June
6
&
&
July 1907
To Aug 1909
'
Q—F
r»H
’
1908
5
4,
J
&
J J P Morgan & Co. N Y Jan
1
1955
PEORIA & EASTERN RY.—(See Map Clev. Cin. Chic. A St. Louis.) —
Owns from Pekin, Ill., to Indianapolis, Ind., 202 m., and has a lien of $5,000,000 on Springfield Division, Indianapolis to Springfield, Ohio, 141 m.;
trackage, Pekin to Peoria, 9 m,; total operated, 352 miles.
LEASE, &c.—Formerly Ohio Indiana fa Western, sold In
foreclosure In
1890, reorganized per V. 49, p. 616.
Leased till April 1 1940 to Clev. Cln.
Chic. & St. L., which guarantees Interest, but not principal, of the 1st con¬
sols and the underlying bonds, and owns one-half the $10,000,000 stock,
par,
$100. See "Supp.” of Jan. 1894 as to
provisions respecting any surplus
charges.
Company owns $125,000 stock of the Peo. & Pekin Union
Ry., on which 6 % yearly was paid 1895-1902 and 5 % in 1905. V. 74, p. 152.
BONDS.—See abstracts of mtges. of 1890 In V. 51, p. 246, and of O.
Ind. fa West, mtge., V. 47, p. 201.
INCOMES.—Dividend on Incomes 4 % yearly, paid April 1 1902 to 1907,
both Inclusive, from earnings of preceding calendar year.
over
EARNINGS.—For 3 mos.
OFFICERS.—Pres.. James McCrea; 1st V.-P., John P. Green; 2d V.-P.,
Cbaries E. Pugh; 3d V.-P., Samuel Rea; 4th V.-P., J. B. Thayer Jr.; 5th
V. P.and Trcas.,Henry Tatnall; Sec.,Lewis Nellson. N.Y.office 85 Cedar St.
Directors.—Alexander M. Fox, N. Parker Shortrldge, Rudulph Ellis,
Charles
May 1908-1913
Aug 1907-1913
May 1908-1915
A Chic R I & Pac Ry. N Y Feb 11 1907 4%
O J P Morgan & Co, N Y
April 1 1940
do do
April 1 1938
Q—J
do
do
A
&
O
April 1 1940
8,500,000!
4 % paid April 1 1907
April 1 1990
April
6 g
Q—F ICentral Trust Co, N Y Feb 1 1921
1,495,000
Feb
1 1921
do
do
4He M & N
1,499,000
16,000,000 See text. See text. R Wlnthrop, NY; & Bost July 1 ’05 2H%
do
do
July 1 ’05 2 %
&
J
12,000,000 Sec text. J
___!
1,000
$27,790,239
$31,428,261
7,387,652
•
Mar 1908-1913
See
text.
300,000
200,000
2,000,000
19,467,000
4,763,000
9,474,000
4,893,000
10,000,000
13,330,000
20,000,000
50,000,000
48,262,548
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
Commercial Tr Co, Phlla Dec 1907-1912
1,500,000
985,100
500,000
1,000
4,979,147
68,400
2,791,022
Total
Balance
Ha!.-profit and loss Dec. 31
1,000
1,000
1,000
$11,202,965
5,274,448
$12,552,213
..
l.ooo!
$12,346,754
5,489,947
1,237,277
59.571
4,085,224
136,400
2,360,048
Deduct—Rentals
Interest on funded debt
Interest on bond allotment
Int. on mtgs. and ground rents.
Car trust payments
—
Kquipm’t trust loan sink, fund.
State taxes and miscellaneous..
_
;j
5,0001
1,000
1,000
1,000
1,000
and by
2,400 000
800,000
f
1,000 |
1,000 }
1,000 |
1879
1888
1890
1890
1881
1885
1905.
190R.
1,000 ]
100
100
Feb 07 j
...
.
1 ,000
Where Payable,
Whom.
i
field R y.
—
Preferred 4 % rental $12,000,000
Receiver’s certificates (see text) red par
do
(see text; pay $200,000 s-a beg
1907
1889
1892
1893
1881
1897
1901
1902
1904
1901
1906
1906
1906
%
Payable.
$3,000,000
3,000 000
3,000,000
1,400,000
$1,000
1,000
1,000
1,000
1,000
1906
1906
Rate
When
!Outstanding
Value.
1902
1903
1903
1903
1905
1900
1905
1905
-
Amount
Par
of
Pennsvivania RR—(Concluded)
Penn steel equip trust gold $500,000 paid yearly
do
$500,000 paid yearly
do
roll stk tr gold $500,000 paid yearly.,
do
do
do
gold $200,000 paid yearly
do
do
gold $300,000 paid yearly
Pennsylvania equipment trust
Penna steel rolling stock trust
Pennsylvania steel freight car trust
do
do
do
do
Size, or r
Date
Miles
For
[VOL. L XXXIV.
RAILWAY STOCKS AND BONDS.
i u
ending Meh. 31 1907,
gross.
$698,978; against
$739,974 in 190Q.
Cal. year.
Gross.
Balance.
Net.
Other inc.
*Charges.
1906
$3,059,281
$8,775
$859,885
$695,859
$172,801
689.222
1905
2.960,727
805,862
2.675
119,315
*
Includes $160,000 (4%) Interest on Incomes.—(V. 80, p. 1363.
PEORIA ft PEKIN TERMINAL
RY.—See “Street Railway” Section.
PEORIA & PEKIN UNION RY.—Owns Pekin to Peoria, on both sides
of Illinois River, and yards at and opposite Peoria.
Mileage main track,
18.14; second main track, 8.80; total main track, 26.94 miles.
Mileage of
side and yard tracks, 67.38.
Capital stock, $1,000,000. Owned by Peoria
fa East. (Clev. Cln. Chic, fa St. L. system), Chic, fa Northwestern, Chic.
Peo. & St. L., Ill. Central system. Lake Erie & Western and Tol. Peo. fa
West,
companies.
Dividends 1895-1902, 6% per annum; 1903, 4%; 1905
5%.
Earnings for cal. year 1905, gross, $913,818; net, $284,908; charges,
$176,530; dividends (5%), $70,000; bal., sur., $58,378.—(V. 83, p. 752.)
PERE MARQUETTE
RR.—The road Includes:
Miles
Miles.
Other lines, branches, &c
266
Alexis (near Toledo) to Ludlng21
ton on Lake Michigan
365 Porter to Clark Jet., Ind
111
Trackage
La Crosse, Ind., to Bay View,
St.
Thomas,
Ont.,
Interna.
to
Mich
434
Detroit to Grand Rapids, Mich. 167
Bridge and Niagara, N. Y... 136
Other
trackage
lie
Saginaw and Port Huron
121
Leased (G. R. Kal. fa S. E.) —
Pt.Huron to Grindstone City... 125
Grand Ledge to Big Rapids
40
147 Rapid City to Stratford.
24
Allegan to Pentwater.
130 London & Port Stanley
Walkervllle to St. Thomas
127
Total
2,403
Sarnia to Rondeau
72
The Pere Marquette SS. Co. operates car ferries Milwaukee to Muskegon
and Ludlngton and Manistee to Milwaukee, &c.; Marq. fa Bes. Dock & Nav.;
also on Lake Erie, Rondeau to Conneaut.
V. 76. p. 383; V. 78. p. 103.
The branch from South Haven to Lawton, Mich., 37 miles, was leased
to Kalamazoo Lake Shore fa Chicago Ry. for 25 years from April 15 1907.
V. 83, p. 1525; V. 84, p. 868.
Lines owned—
RECEIVERSHIP.—On Dec. 4 1905 Judson Harmon of Cincinnati was
appointed receiver of the Pere Marquette and Cln. Ham. fa Dayton. V. 81.
p. 1666.
The receiver obtained authority to Issue $838,360 receiver's cer¬
tificates to pay the 1906 coupons falling due.
The certificates are a lien
on the entire property, no mention being made In the orders as to priority
over bonded debt.
V. 81, p. 1849; V. 82, p. 162; V. 83, p. 38, 969, 1525.
The Jan. 1907 coupons were paid from earnings.
V. 84, p. 101.
On May 4 1906 authority was given to Issue $1,200,000 receiver’s cer¬
tificates to pay taxes for 1902 to 1905. to be a first lien on property In Michi¬
gan.
V. 82, p. 1041, 1102, 1157: V. 83, p. 969, 1032.
In Meh. 1907 $400.000 receivers’ certs, were issued in settlement with Chic. Cin. & Louisville.
V. 84. p.509,749.
Stockholders’ Protective Committee.—In April 1906 over 71% of the
outstanding pref. and a large amount of the com. stock had been deposited
with a committee, Nathaniel Thayer, Chairman; Francis R. Hart, Sec. (Old
Colony Trust Co., Boston, and Manhattan Trust Co., N. Y., depositaries).
V. 81. p. 1666, 1849; V. 82, p. 49. 987.
ORGANIZATION.—A consolidation In 1899 of Chic, fa West. Mich. Ry.,
Det. Gr. Rap. fa West. RR. and Flint fa Pere Marq. RR., per plan In V. 68,
p. 1024, 1181.
A 99-year agreement for trackage with the Mich. Cent, and
Can. South, from St. Thomas, Ont., to International Bridge and Niagara,
136 miles, extends the line easterly to Buffalo, from July 18 1904.
V. 77,
p 2097; V. 78, p. 2600.
LEASE, &c.—In 1904 the Cln. Ham. fa Dayton acquired $12,834,450 of
the $16,000,000 com. and $1,487,800 of the $12,000,000 pref. stock, and
property for 999 years from March 1 1905, the com. stock
guaranteed 5 % and the pref. stock 4 % dividends. V. 80, p. 163, 998,
later leased the
being
1729.
In Dec. 1905 the directors of the C. H.
chase of control and the lease of the Pere Mar.
fa D. voted to annul the pur¬
V. 81, p. 1791; V. 82, p.48.
160,510.987.1102.
In Meh. 1907 a settlement was made under which the $3,500,000 collateral
trust bonds secured by the entire stock of the Chicago Cincinnati fa Louis¬
ville were canceled and the stoek returned to the original holders, $400,000
Pere Marquette receiver’s certificates being given to the C. C. fa L.
V. 84,
p. 507, 693, 804.
•
Tol. Ry. fa Term. Co. Jan. 1906 Interest was allowed to default.
Sec Tol.
Ry. & Term.
DIVIDEND.—On pref., 1901 to Feb. 1905, both lncl.. 4 % yearly (F.&A.)
On com., 1903, 2 %; 1904, 1 %; 1905, April, 1 %.
BONDS.—The refunding 4s of 1905 ($60,000,000 authorized Issue; out¬
standing $9,207,000, are guar., p. fa I., by C. H. & D.
V. 80, p. 163.
The collateral trust gold bonds of 1902 (limited to $2,870,000) are secured
by the entire capital stock ($1,400,000) of the L. E. fa Det. Rlv. Ry., the
National Trust Co., Ltd., of Toronto, being trustee, and are subject to call
on any Interest day on 60 days’ notice.
V. 75. p. 1302: V. 76, p. 213.
.
ms M
1BON5DS
RSAATIOLNWCKDY
1A9P0R7..,
VOL. T.XXXIV.
RAILWAY STOCKS AND BONDS.
nc
Forest
tysburg
JCHl.
Cy*
O
A'lladin
MAP OF THE
Whitewood
v
CHICAGO, HOCK ISLAND & PACIFIC--
4^
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118
RAILROADS.
INTEREST OR DIVIDENDS.
For explanation of
on
column headings, &c.,
first page of tables.
Miles
Date
of
of
notes
see
1881
1897
1880
1889
1889
1897
1891
1897
1 899
380
280
400
235
19
89
33
Par
Value.
Western
Equipment Co call at par
Equip bonds g {76.000 due seml-ann. (V79,p 1642)
Marquette equip first M guar s f call at par
1
..SSt.c*
i
F c&r
Mo
;
202
_
_
_
-.
_
•
_
66
Saginaw Tus & Huron 1st M p 4 I guaranteed..N
Grand Rap Beldlng & Sag 1st M gold Interest rental
28
Pere Marauette of Ind guar p & 1 call at 105
c* Text.
Ser “B” bonds, Morley & Potter, trustees
Marq 4BD4N guar p & I call 105 sinking fund. _c*
do
do
debenture guaranteed p & 1. .c*
Obllg for fgt cars due {20,600 mthly (V 82, p 752)
Perkiomen—1st M Ser 1 (1st loan) g guar p & l.PeP.c*
First M Ser 2 (2d loan) g guar p & 1 (end)
PeP.c*
...I
1
1904
1900
1903
1901
1903
1903
1900
1899
1903
J
i
l
38.3
38.3
1.000
'
Ac
799,600
1.000
1,125,000
385,000
100
74
1881
1,000
j
50
1880
1887
1887
1891
1892
1871
1871
1904
1888
1888
!
:
*
j
1
H
92
214
_
_
_
i
1,000,000
1,500,000
3,000,000
10,570.000
500
500
280,510
100.000
The Eastern equipment 5s of 1903 are In two series—A for {1,500,000 and
B for {2,000,000; the entire Issue may be called on 6 months’ notice and $75,000 of the As and {100,000 of the Bs are redeemable March 1 yearly.
V.76,
p. 866.
Form of guaranty, V. 77, p. 90.
In March 1906 2,000 box cars were ordered, to cost {1,730,000 monthly
f>ayments
be made
onp.account
delivery,
nterest at to
extending
over{42,000
7 years Bfrom
5%.
V. 82,
752.
There
are also
equip.,
bondswith
due
Oct. 1 1908, and {96,000 Lake Erie & Detroit River equipment 5s of 1904
REPORT.—Report for year ending June 30 1906 was In V. 83, p. 1032.
Year ending June 30—
1905-06.
1903-04.
1904-05.
Gross earnings..
..{13,430,170
{12,667,420
{l 1 ,430,692
Operating expenses
9,933,094
9,915,777
7,716,803
Net earnings
Other Income
Total net Income
Deduct—Interest on bonds
Interest on bills payable, etc
{2,751,643
441,036
$3,713,889
85.033
$3,658,429
$3,192,679
$2,178,955)
59,698)
561,794 J
414,663
{3,798,922
1 {2,555,609
J
Rentals
Taxes
766,850
*1,196,918
Balance, surplus
•
{3,497,076
161.353
def $860,947
$2,102,814
405,558
def .$22,431sur.$1,290,550
Includes taxes for years 1902 to 1905.
(V. 83, p. 38, 752. 891, 1032, 1525; V. 84, p. 509, 749, 804, 868.)
PERKIOMEN RR.—Owns from Perkiomen Jet., Pa., to Emaus Jet.. Pa.,
38.3 m.
Stock ($1,500,000, par value of shares, $50) owned by the Read¬
ing Co. and mostly deposited under Its Jersey Cent, collat. 4 % mtge. of 1901.
V. 72, p. 283.
Reorganized In 1887.
In year 1905-06, gross, $568,580;
net, $346,021; Interest and taxes, $116,336; dividends (7%), $105,000;
balance, surplus, $124,685. — (V. 72. p. 283.)
PETERBOROUGH RR.—Wilton to Greenfield, N. H., 10 J* miles.
Leased April 1 1893 to Boston & Lowell for 93 years at 4 % on stock and ex¬
penses.
Capital stock, $385,000; par, $100; dlv., A. & O.
PHILADELPHIA & BALTIMORE CENTRAL RR.—West Phila. to
Octoraro Jet., Md., 63 m.; Wawa to West Chester, Pa., 9 mt (double track,
11 m.); branch, 2 m.; leased. Chester Creek,RR., 7 m.; Phila. Balt. & Wash,
holds $2,497,150 of the $2,499,184 stock.
For 1906 gross earnings $1,228,449; net, Inc. other Inc., $138,0)8; charges, $178,039; lml., def., $40,021.
PHILADELPHIA BALTIMORE &
WASHINGTON RR.— (See Map
Penn. RR.)—Operates from Philadelphia to Washington, 1). C., and from
Wilmington, Del., to Delmar, Del., with branches as follows;
Lines owned—
Miles.
Lines controlled, leased, &c.—
Phila. to Wash., D. C., via
Phila. & Balt. Central*
80
Baltl. (all double track)
136 Delaware RR.*
248
Bowie to Pope’s Creek, Md
49 Delaware Md. & Va.*
97
Branches to Delaware City, &c._ 33 Other lines (5)
59
—
_
Total ("see this company)
702
ORGANIZATION.—A consolidation Nov. 1 1902 of the Philadelphia
Wilmington & Baltimore RR. and Baltimore & Potomac RR. V. 75, p.
395, 1032; V. 82, p. 510.
See Washington Terminal Co. on another page.
STOCK.—Stock authorized, $25,350,450; outstanding Jan. 1 1907 $23,493,550, of which $23,490,775 owned by Penn. RR.
Dividends since consol., Dec. 31 ’02 to Dec ’06, 4% yearly (J. & D.).
BONDS.—The first mortgage of 1903 ($20,000,000 authorized) Is a first
lien on the Philadelphia-Baltimore division, 117 miles, all double-tracked,
and also
secures pari
passu the $4,930,000 debentures of the former P. W. &
B.(see p.4 of “Supp. of Apr.1895), and Is a second lien on the line from Bal¬
timore to Washington.
Of the bonds, $10,570,000 were sold, the proceeds
to be used chiefly in connection with the new terminals and approaches In
Washington, the balance being reserved to retire the debentures and Balti¬
more & Potomac bonds.
V. 78, p. 49.
Mtges., &c., 1906, $200,973.
EARNINGS.—2 mos.,fl907
.Gross, $2.41 2,756; net, $234,796.
Jan. 1 to Feb. 28.
1906
.Gross,
:1.284 ,556 >; n< ■t.
\
379„596.
REPORT.—Report for year < 'tiding Dee. 31 1905 in V. 82. p. )84.
Year ending Dec. 31 —
1906.
1905.
1904.
loo;3.
Gross earnings
.$ 15,941 .24 1 $14,676,204 $13,,525, 757 $ 1 3 ,585 ,849
1
1
.599 ,989 $10,802,932
Operating expenses
_$
$9, ,989. 971
$9 ,819 ,089
.
.
.
.
Rentals
basis net
earn
832 ,987
751 .526
874 .068
Net
lnt. on investment, Ac.
$3,508 .265
776 ,556
$3,121 ,746
804,940
$2, 661 718
683, 932
$4,284 ,821
$3,926,686
$3 ,345 ,650
$3 .689 ,982
$49,948
900,000
549 ,9 1 2
876 ,909
618 ,450
12,,769
12 1 55
262,,4 1 1
23 ,569
on
.
Total net Income
Fixed rentals
Interest on bonds
Interest
on
mortgages
and ground rents
Other Interest'Faxes
Miscellaneous
Dividends, 4‘’o
Extraord. expenditures.
.
$49 ,785
900 ,000
...
12 ,747
.
Total
(V. 82, p. 984;
.
—
.
...
V. 84,
1 57 ,308
373 .702
to
822 .256
.
$2 .944,,504
745,,478
549 ,785
.
1 ,84 2 ,810
285,659
24,567
939,742
1 ,714.023
1 ,180 ,513
237 ,775
1 1 1 ,095
8 19 ,555
1 .84 1 .166
$4,284 .821
$3,926,686
$3 ,345 .650
$3 .689 ,981
8
.728
939 .742
p.
939 ,566
749.)
PHILADELPHIA fit CHESTER
to
12,747
.
VALLEY RR.—Road from Bridgeport
Downlngton, Pa., 23.9 miles. Chartered In 1888. Capital stock (par, $50)
common, {550.000; preferred, {205,100; total, {755,100, of which Read¬
4
4
6
6
4
4
3
930,000
A
A
A
A
A
&
A
A
&
A
A
g
5
5
5 g
5 g
4
J
Whom.
J P Morgan & Co, NY
Q
I
g
g
g
g
g
g
g
Q
—
—
A
A
M
J
J
A
M
J
A
J
A
M
A
A
A
A
A
A
A
A
A
A
A
&
&
&
J
J
Reading Term Bldg,
do
do
O Nashua, N H
|
N
D
D
O
N
J
O
J
O
N
O
O
Stocks—Last
Dividend.
Dec
Second Nat Bank, Bost
J P Morgan & Co, N Y
Central Trust Co, N Y
J P Morgan & Co, N Y
Internat Tr Co, Boston
Second Nat Bank, Bost
Internat Trust Co, Bost
50 State Street, Boston
R Wlnthrop & Co, N Y
50 State Street. Boston
R Win & Co. N Y&StL
J P Morgan & Co, N Y
do
do
St Louis Un Tr Co, St L
J P Morgan & Co, N Y
International Tr Co, Bost
Knickerbocker Tr Co,NY
Sec Nat Bk, SaginawMlch
New York
do
I
2,200,000 4^&f
23.493,550 4 111 1906
5
1,000,000
4
1.000,000
4
1,000,000
1.000
1,000
1,000
1,000
1,000
1.000
1,000
1,000 &c
guaranteed Jointly, by P. M
4.^
100,000
1.730,000
A
A
A
&
&
&
A
&
A
M
M
!A
5 g
4 g
5
260,000
675,000
180.0001
396,000
Where Payable, and by
D
O
O
N
O
J
N
O
O
O
O
S
J
A
J
A
S
N
O
O
J
&
&
A
5,000,000 4 g & 6 g A
6 g
M
2,850,000
5 g
A
3,325,000
5 1?
J
400,000
5
M
1,667,000
5 g
A
200.000
6
A
40,000
1.140,000
4V* g A
5
A
389,000
6 g
M
2,7 76,000
4 g
J
8,382,000
4
3,000,000
g F
4 g
J
2,870.000
4 g
IF
1,000,000
1,000
100
\,
5
4
$5,758,000
5,379,000
&c
1,000
161.
p.
Payable.
,ooD
and Bess. & Lake Erie. They are subject to call In whole or part at 105, and
1 % must be called yearly for the s. f. at the same price. If not purchasable
at a lower figure. V. 76, p. 480, 594, 706, 922, 1034.
Form of guaranty,
Debenture 5s of 1905, V. 82,
%
1.000
Lake Erie & Detroit River Division mtge, V. 76, p. 1356; V. 77, p. 89.
Pere Marquette RR. of Ind. 1st 4s of 1903 (authorized Issue, {3,000,000,
Eastern Tr. Co. of N. Y., trustee).
See V. 76, p. 919, 1193.
1358.
Outstanding
1.000
1906
1888
1888
.
are
When
1,000
189 8
1903
1905
__
.
Marq. & Bes. Dock & Nav. 1st AI. bonds
Rate
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 Ac
---(
Peterborough RR—Stock (rental 4%)
Petersburg RR—See Atlantic Coast Line RR.
Phila & Balt Cent—1st M {2,500,000 ({1,200.000 4 V*s)
Phila Baltimore & Wash—Stock auth {25,350.450..
P W & B (old Co) plain bonds.
f--r
Plain bonds
All secured
__r
Plain bonds
by 1903
--r,
Plain bonds gold
.r
mortgage.
Plain bonds gold
.r
Balt & Potomac 1st M (tun) g s f not drawn.__.xc*
First M road guar gold sink fd not drawn
xc*
1st mortgage {20,000,000 gold
Mo.c’&r
Phila & Ches V—1st M pref old 5s red '96 gold. PeP.c*
First M old 4s not pref lnt reduced In ’96 gold Pe P.c*
Amount
$1,000
500
Bonds—Princi¬
pal. When Due.
or
!
480
Consolidated mortgage gold
Ce.c*
Pt Huron Dlv first mortgage ({3,500,000) g_Ce c*
Toledo Division first mortgage gold
IB.c*
Ch & N M 1st M gu p & 1 end by Ch & W M..OB.C*
Grand Rap Kal & S E first M sinking fund
IB
East equip 1st M g gu p & I call par (text)
Pere Marquette consol M {50,000,000
L E & Det RIv Dlv col M gold
Collat trust mortgage gold call Dar
Size,
Road. Bonds.
Pere Marquette—(Concluded) Underlying Bonds—
Chic & West Mich gen M ({12,000 per mlle)__NB c*
D Gr R & W 1st cons (now 1st) M law money.OB.c*
Flint & Pere Marq M ({1,000,000 are 4s) gold
c
p.
[Vol. i.xxxiv.
RAILWAY STOCKS AND BONDS.
1
1921
April 1 1946
Oct
1920
1939
April 1 1939
July 1 1937
May 1 1931
Oct
1 1907
April 1 1909
Apr 1908-1914
1 1910
Oct
Mar 4 1908
Jan
1 1951
Aug 1 1932
Jan
1 1923
Aug 1 1931
Mar 1 1924
May 1 1943
To Oct 1 1908
April 1 1933
1 1935
Jan
To 1913
1 1918
Phil Jan
Jan
1 1918
1907 2%
Apr
May
1
1
Penn RR Co, Phila
Nov 1 1911
Broad St Station
Phila Dec 31 1906 2
OH, Phil; Kidd, Peab.Bos June 1 1910
do
do
April 1 1917
Broad St Station, Phila Nov 1 1922
do
do
1 1926
Jan
do
do
1 1932
Oct
fNat Mech Bank. Baltol July 1 1911
1
A London
J April 1 1911
Am Ex N Bk. NY; A Phil Nov 1 1943
Philadelphia
April 1 1938
do
April 1 1938
ing
Company owns $454,450 common and $205,100 pref., $450,000 common
and $205,100 pref. being deposited under Its gen. mtge. of 1897.
Reading
Co. guarantees bonds, with lnt. reduced.
See V. 63, p. 1064.
PHILADELPHIA & ERIE RR.—(See Afap Penn. RR.)— Owns Sunbury
Erie, Pa., 288 miles: branches, 20 m., double track, 165 miles.
LEASE. &e.—Leased to Penn. RR. Co. for 999 years, and actual net
receipts paid as rental.
Penn. RR. owned Dec. 31 1906 $3,499,800 com¬
mon and $2.400.000 special stock and
$3,944,000 gen. mtge. bonds, and
Jan. 1907 offered to exchange Its stock, dollar for dollar, for the minority
stock.
V. 84,
p. 221..
The stockholders voted Feb. 11 1907 to sell the
road to the Pennsylvania HR.
V. 84, p. 391.
ANNUAL REPORT. — Report for 1905 was given In V. 82, p. 925.
Year ending Dec. 31—
1906.
•
1905.
1904.
1903.
Gross earnings
$8,342,875
$8,255,367
$7,678,306
$7,781,186
Gross Income2,309,785
2,527,133
2,386,265
2,387,534
Interest on debt1,019,150
1,019,150
1,019,150
1,019,150
lnt. on equipment. &c.
798,617
726,291
718,746
579.581
l)iv. on special stock
*
168.000
168,000
168,000
168,000
Dlv. on common stock
(6)179,100
(6)479.100
(4)319,400
(4)319.400
to
.
.
...
....
-
-
-
_
--
.
$62,266
{153,424
$162,238
V. 84. p. 103, 159, 221, 391.)
PHILADELPHIA & FRANKFORD RR.—Owns from Crescentvllle to
Frankford, Pa., 2.6 miles.
The $500,000 stock is owned by Reading Co.,
of which $498,950 Is deposited under Its mortgage of 1897.
In 1898 Interest
on bonds reduced from 5 to 4 %, prln. and lnt. being guaranteed by Reading
Co.—(V. 67, p. 1358, 1357.)
PHILADELPHIA GERMANTOWN & NORRISTOWN RR.—Phila., Pa.,
to Norristown and Germantown, Pa., 20.96 miles; second track, 20.35 m.;
3d track, 3.02 m.: total track, 95 miles, leases Plymouth RR., 9 m. Leased
Nov. 10 1870 to Phila. & Reading for 999 years; rental, {277,623, Includ¬
ing $8,000 yearly for organization expenses.
Balance, surplus
~(V. 80. p. 2622;
.
V. 82,
PHILADELPHIA
p.
$63,954
393. 925;
HARRISBURG
&
PITTSBURGH
RR.—Harrisburg
Pa.* to Shlppensburg, on the Western Maryland RR., 47 m.; 2d track,
14.54 m.; sidings and laterals, 16.97 miles.
Leased Oct. 15 1890 for 999
years at 5 % on stock. Interest on bonds, taxes and expenses to the Phila. &
Reading RR., which by endorsement on each guaranteed the bonds, prln. &
lnt. Lease assumed In 1896 by Phila. & Read. Ry. Stock, {2,000,000 (par
$50), owned by Reading Co., of which $1,995,000, along with {1,472,000 of
the bonds also owned by the Reading Co. are deposited under Its general
mortgage for 1897. Mortgage Is for {2,000,000.
PHILADELPHIA NEWTOWN & NEW YORK RR.—Philadelphia to
Newtown, Pa., 22 miles; sidings and laterals, 3.90 miles. 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 Oct. 1898 Interest on
$507,000 bonds was reduced to 3%, from April 1 1897, and made a flrst
charge, that on remainder of Issue being left at 5 % subject to said agree¬
ment.
V. 68. p. 773.
Current liabilities June 30.1906, $778,804.
Year
ending June 30 1906. gross, $165,459; net, $64,482.
PHILADELPHIA & READING RR.—See “Reading Company.”
PHILADELPHIA & TRENTON
RR.—Phila. (Kensington), Pa., to
Morrlsvllle, Pa., 26 miles, mostly four-tracked, and branch 3 m. On June 30
1871 leased, with United Cos. of N. J., for 999 years to the Penn. RR. at
10 yc on $494,100 stock, the total Issue being $1,259,100, the balance being
owned by the United RRs. of N. J.
PHILIPPINE RY.—To build about 295 miles of road In the Philippine
Islands, viz., 95 in. In the Island of Cebu, 100 m. on Panay and 100 m. on
Negros. J. G. White & Co. have the construction contract, a syndicate
managed by Wm. Salomon <fe Co providing the funds.
Organized March 6
1906 with $5,000,000 stock.
Bonds (authorized amount, $15,000,0Q0),
30-year 4s to be Issued to provide for cost, estimated at about $10,000,000,
Interest to be guaranteed by Philippine Government.
Chairman. William
Salomon; Pres., Chas.-.M. Swift: Treas.,C. Lewis; See., P. H. Ashmead.
Office. 43 Exchange Place, N. Y.
See V. 80, p. 2622; V. 82, p. 219, 752;
V. 83. p. 493, 970. 1412.
PINE CREEK RY.—Owns Stokesdale Jet., on the Fall Brook Road, to
Newberry Jet., Pa., 75 miles. The N. Y. Central controls the capital stock
and leases the road for 999 years from May 1 1899 for {35,000 yearly, paya¬
ble quarterly (Q.-F.). bond Interest and taxes. V. 68, p. 379, 573, 773, 872.
The first mtge. !s 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); Jan. 1 1907 N. Y. Central owned {999,000.— (V. 68, p. 573.)
PITTSBURGH BESSEMER & LAKE ERIE RR.—Bessemer, Pa., to Conneaut Harbor and Wallace Jet., Pa., 153 miles; terminal In Erie, &c.. Pa.,
2 miles; branches, 21 miles; leases Meadvllle Conneaut LakeA Llnesvllle RR.,
Llnesvllle to Meadvllle, 21 m.;trackage to Cascade, near Erie, Ac., 12 m.;
total, 209 miles. (65 miles double-tracked.)
ORGANIZATION, dec.—A consolidation Jan. 14 1897 of the Pittsburgh
Shenango & Lake Erie and the Butler & Pittsburgh. Boat lines to Canada,
see V. 77. p. 1228; V. 76, p. 1358. 922; V. 61, p. 241., 795.
Of the stock, $5,500,500 common and {500,100 preferred are owned by
the Carnegie Co. Leased for 999 years from April 1 1901 to the Bessemer
& Lake Erie RR., a subsidiary organization of the Carnegie Co., for 6 % on
pref. and 3% on com. stock, Interest on bonds and organization expenses,
&c., the lease being guaranteed by the Carnegie Co. V. 72, p. 137. Tnrough
Carnegie Co. Is controlled by U. S. Steel Corporation.
BONDS.—Debentures of 1899 may be called after June 1 1909 upon com¬
pany paying V$ % for each year of unexplred term.
The P. B. & L. E. mtge. of 1897 Is for {10,000,000 (trustee United States
Trust Co., N. Y.), covering all the railroad, property, rights and franchises
of the consolidated company. Including the agreement with the Carnegie
Steel Co., Ltd., and the Union RR. Co. Of the 5s of 1897, {4,800,000 re¬
served to retire Pittsburgh Shenango & Lake Erie bonds.
EARNINGS.
For calendar year 1906 Bessemer A Lake Erie, gross,
$6,010,765; net. $2,979,438.
In 1905, gross, {5,407,691; net, $2,758,595,
(V. 75, i>. 1203.)
—
1BASROTANIL9CWDKSY.
1Ap90r7..j
120
[VOL.
RAILWAY STOCKS AND BONDS.
LXXXIV.
.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
For
Size, or
Date
Par
Value.
1
of
1
of
1 Road. Bonds.
explanation of column headings, Ac., see notes
on first page of tables.
|
Phil* 6t Erie—Common stock
($10,000,000 auth)
:
I
Special stock 7 %
General M (now first) gold guar p St 1 by Penn RR.c
do
do
($5,263 000 are 5s) guar
r
do
do
(not guaranteed)
\
Phil* & Frankford—First M $500,000 guar
QuP.c'
Phil* Germ & Norristown—Stock rental P & R Ry--1
Philadelphia Harrisburg St Pittsburgh—1st M g_c*&r
Phlla Newtown St N Y—First mortgage gold (text) c*i
Philadelphia St Reading Ry—See Reading Company.
Philadelphia St Trenton—Stock 10% rental Penn RR
Piedmont & Cumberland—See Western Maryland.
;
Pine Creek—First M guar prln & Interest (end)
r
Piqua St Troy—First M $250,000 gold guar p 6c 1
c
Pittsburgh Bessemer & Lake Erie—Common 3% rent
Preferred stock 6 % cumulative guaranteed by rental
307.
307
307
307 j
307
___
30
47.
22
1869
1869
1892
....
1890
1892
j
134
Pittsburgh Shenango & Lake Erie 1st M gold.Ce.c*,
151
Consolidated 1st M for $4,800,000 gold
Ce.c*
Pitts Bess St L E cons M $10,000,000 gold
193
LJs.c*
Debentures gold $2 000,000 (see text)
193
LIP j
Conneaut equip trust gold
FPi
Shenango equipment trust part due yearly gold. UPi
Greenville equip trust $100,000 due yearly gold. UPi
Butler equipment trust $2,050,000
UPi
Pittsb Blngh & East—1st M $20,000,000 gold
K
Pittsb Chart St You—Gen M $1,000,000 gold guar.FPL
10 j
Pittsburgh Cincinnati Chicago St St Louis—Com stock 1,095
1890
1893
1897
1899
1898
1899
1900
1901
1906
1892
;
c
(“A” gold_.c*!
“B”
gold__c*
1 “C” gold..c*
1,095
F “D”gold__o*:
i
"E” gold-.c*
“F” gold.-c*!
.000 additional. 1
Lines owned.
Miles.
{
.
Branches
Trackage—
Indianapolis to Kokomo
logheny
St
Total of all Jan. 1 1907
23
194
1892
1892
1895
1899
1903
Miles
Yough21
148
28
1,626
ORGANIZATION, &c.—Formed In 1890 by consolidation (per terms In
875) of Chicago St. Louis St Pittsburgh, Jeffersonville Madison St
Indianapolis, Cincinnati Sc Richmond and Pittsburgh Cincinnati St St. Louis.
Controlled by Pennsylvania Company, which on Jan. 1 1907 owned $22,470,700!oref. and $14,587,500 common stock. As to Interest In majority of
Hocking Valley common stock, see that company. V. 83, p. 37.
.STOCK.—Authorized: common, $45,000,000; preferred, $30,000,000.
In Feb. 1 907 an offer was made to exchange common stock for the $311.450
outstanding minority stock of Chartiers RR. on the basis of $300 Pitts.
C. C. & St. L. for $50 Chartiers.
Tne pref. stock Is “non-cum. and entitled to a dlv. of 4 % per annum out
of the net earnings as declared by the board, with the right after 3 % has
been declared on the com. to an additional 1 %, making 5 % In all.”
After
5 % on both com. and pref.. the two share pro rata.
DIVID’S.—1’95. ’96. ’97 to ’98. ’99. ’00. ’01. ’02 to ’05. ’06.
1907.
On pref. (%)_}> 0
2
0
3
4
4
4 yearly. 4 13 Jan.,2X
On com. (%).j 0
1
0
0
0
0
—3 yearly.—
Feb., 2
STOCK OF OLD COMPANIES unexchanged Jan. 1 1907: Pitts. Cln. &
St. L. com.. $24,150; C. St. L. & Pittsb. com., $441,767, and pref.. $4,952;
Steubenv. St Ind. com., $75,947. and pref., $750; Jeff. M. & I.. $5,000.
BONDS.—The consol, mtge. for $75,000,000 (Farmers’ L. St T. Co. of N.
Y. and W. N. Jackson, trustees) covers the entire property.
Sufficient
consols are reserved for the purpose of retiring all sectional bonds at ma¬
turity, at which time they must be paid off.
The remainder are issuable for
improvements, additions, Stc. They are guar, unconditionally as to prln.
and int. by the Penn. Co.
The six series are all equally secured.
Seeadv.
In “Chronicle” May 21 1892 and guaranty on bonds, V. 56, p. 604.
Col¬
lateral obligations Dec. 31 1906, $2,500,000; due Penn. Co. for advances,
$4,250,000.
LATEST EARNS.—3 mos.,11907..Gross, $7,569,721; net, $1,563,645
Jan. 1 to Mar. 31.
j 1906..Gross,
7,033.629; net,
1,440,822
ANNUAL REPORT.—Report for 1906 at length In V. 84, p. 800, 812.
Year ending Dec. 'M—
1906.
1905.
1904.
Miles operated (system proper)
1,171
1,169
1,168
Gross earnings
$29,606,196 $26,583,559 $24,209,492
Net earnings
7,453,184
6,638,650
6,099,554
V. 50, p.
Miscellaneous..
Total net earnings.
Interest on bonds
Rentals paid
Cartrusts (Including Interest)
..;
Interest, general account
200,862
379,380
125.026
$7,654,046
$2,324,440
138,218
926,788
154.622
1 ,538,515
$7,018,030
$2,344,754
137,483
783,033
$6,224,580
$2,307,637
139,344
659,146
Improvements, sinking fund, Stc
Dividends on preferred
(5 %)1,372,838 (4)1.098,196 (4)1J)98,122
Dividends
(3 h %) 86 7,310
on common
Balance
(V. 82, p. 1380;
1,633,961
(3)743,400
1,331,787
(3) 743,390
sur.$331,315 sur.$277,203 def.$54,846
V. 84, p. 391, 800.)
PITTSBURGH St CLEARFIELD RR.—V. 84. p. 52.
PITTSB. CLEVE. St TOL. RR.—See Balt. St Ohio RR.—(V. 76, p. 49.)
PITTSBURGH FORT WAYNE Sk CHICAGO RY.— (See Map Penn. RR.)
—ROAD.—Owns from Pittsburgh, Pa., to Chicago, Ill., and branch, 470
m.
Double track 271 m. of which Dart was built In 1893.
LEASE, Stc.—Foreclosed Oct. 24 1861 and reorganized.
From July 1
1869 leased In perpetuity to the Penn. RR.; rental pays Interest, s. f. of debt
and 7% on stock, payable Q.-J.
In July 1901 an extra dlv. of 2 % was declared on both stocks, but It will
be paid on the guar, special stock only In case the courts so decide.
No de¬
cision to Dec. 1906.
V. 72. p. 821, 1188.
—
V. 83,
p.
626, 1471;
|
5
5
5
A
g
g
g
4 g
10,000,000
8,786,000
1,379,000
4,983,000
89,291,000
10,000,000 1
Miles.
•Chartiers
•Little Miami
See text.
5 g
1,000
1,000
1,000
1,000
1,000
1,000
1
Ry
1,000,000
2,050,000
g
g
g
g
fl890
54 Clncln. St Musk. Val. RR.l
3 Waynesburg St Wash. RR
Other
Lines leased (‘See these co.’s)
Chartiers
80,000
437.000
g
1,000
1,000
Lines leased—Continued—
1,113 Pittsburgh
2,000,000!
J
M
A
J
A
J
J
J
M
A
6
4
3
6
5
5
5
5
6
1883
1864
1870
100
100
ization—
Total owned
3,500,000
225,000
10,000,000
2,000,000!
3,000,000
657,000
6,343.000
Treas. P. RR. Co., Phlla.
9—j
!A
287,000
24,780.850 See text.
27,457,274 See text.
5 g
1,506,000
5
3,000,000
1,000
511 Ohio Connecting Ry
9
166 Pitts. Wheeling Sc Kentucky
28
104 Eng. Connecting Ry. in Chic
2
1
108 Other lines
223
Operated under their own organ¬
Rendcomb Jet. to Anoka Jet
Bradford Jet. to Indianapolis
Indianapolis to Jeffersonville
O.,
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
PITTSBURGH BINGHAMTON St EASTERN RR.—To extend from
Clearfield, Pa., to Binghamton, N. Y., 225 miles, with 25-mile branch to
Phllllpsburg (Towanda to Canton was completed In 1906) forming a
short, low-grade line between the bituminous coal fields and New England
and Canadian points.
Organized Sept. 1906.
V. 83, p.752, J229.
Stock
authorized, $20,000,000. Of the bonds ($20,000,000 authorized Issue),
$15,000,000 will be Issued to build and equip the 225 miles from Clearfield
to Binghamton, balance for extensions and Improvements.
E. H. Gay*&
Co. are financing the project.
As to Central Pennsylvania Coal Co. and 00*1
contract with the Penna. Beech Creek & Eastern Coal Co., see V. 83, p. 753.
Pres., F. A. Sawyer; Treas,, C. F. Wright, Susquehanna, Pa.; Sec., John
Whitmore, RIdgway Pa. — (V. 83, p. 752; V. 83. p. 1229.)
PITTSBURGH CHARTIERS St YOUGHIOGHENY RY.—Owns from
Chartlere to Beechmont. 19 miles; trackage (Chartiers Ry.), 2 m.; 21 miles In
all.
STOCK outstanding April 1907, $940,000, owned jointly by guaran¬
tors mentioned below.
Stockholders voted July 17 1906 to Increase the
authorized stock from $1,000,000 to $1,500,000.
V. 82, p. 1269.
DIVIDENDS.—In 1895, 4%; 1896, 11%; 1897. none; 1898, 7%; 1899,
1%; 1900, 4%; 1906, Dec., 6%.
Of the 4s, half are guaranteed (endorsed)
by Pitts. Cln. Chic. St St. Louis, the other half by the Pittsburgh St Lake
Erie. See guaranty. V. 56. p. 650. In year ending Dec. 31 1906, gross,
$423,881; net, $193,242; Int., &c., $28,794; dividends 6(?'0), $56,400;
surplus, $108,048.—(V. 82, p. 1269.)
PITTSBURGH CINCINNATI CHICAGO & ST. LOUIS RY.—(See Map.)
Pittsburgh, Pa., to Chic., Ill
10
See text.
50
580
116
222
r
Payable.
1,000:
1,000
50
1,095
mortgage
%
:
1885
1900
gold_Un.c&r
Rate
100
....
758
Preferred stock
Chic St L & Pitts con M ($22,000,000)
Steuben St Indiana first
Amount
Outstanding
Where Payable and by
Whom.
Bonds—Principal, When Due.
Stocks—Last
Dividend.
$50! $7,985,000 6 In 1906 Seml-an Broad St Station, Phlla Dec 31 1906 3 %
do
do
50
2,400,000 7 In 1906 Yearly
| Dec 31 1906 7 %
J
St
and London July 1 1920
Jdo
6 g
1,000!
5,000.000
O
A
St
Broad
St
Station,
Phlla
July 1 1920
1,000 11,143,000 4 g & 5 g
J
J
&
do
do
and
London July 1 1920
3,680,000
1,0001
6 g
F
St
A Company’s Office, Phlla Aug 1 1922
4 g
1,000
500,000
50
Q—M Mar & Mer Bldg, Phlla Mar 4 1907 3 %
2,246 900
12
A & O 15 Company’s Office, Phlla Oct 15 1925
2,000,000
1,000
5 g
do
do
jOct 1 1942
1,000
1,417,000 See text. A St O i
1869
i
26
■
When
7
4H g A
4H g A
4.X g M
4 g
M
3X e F
4 g
J
&
St
St
St
St
St
St
Sc
St
St
St
Sc
&
St
St
St
St
St
Sc
St
St
Sc
St
St
Sc
D
N
O
D
O
Grand Cent Station, N Y
Union Sav Bank & Tr.Cln
Check from Co’s office
do
do
Central Trust Co, N Y
Jl
do
do
J United States TrCo.N Y
D Union Trust Co. Pittsb’g
S Fid Title St Tr. Plttsb’gh
O Union Tr Co, Pittsburgh
N;
do
do
O
do
do
Apr 1907 2M %
Dec
Nov
1
1
1932
1939
Apr 1 1907 1 H
Dec
Oct
V 1906 3 %
1 1940
July 1 1943
1
Jan
June 1
Mar 1
1947
1919
1908
Apr 1 1908-1913
May 1 1911-’20
April 1 1921
O
Oct 1 1956
O Office, Pittsburgh
April 1 1932
A Farmers’ L & Tr Co, N Y Feb 15 1907 2 %
J|
do do
Jan 15 1907 2K
O Union Trust Co, N Y
Oct
1932
J Natlonal City Bank. N Y Jan
1914
J Farmers’ L Sc Tr Co, N Y
1910
O
do
do
Oct
1 1940
O
do
do
April 1 1942
N
do
do
Nov 1 1942
do
do
Nov 1 1945
N!
A
do
do
Aug 1 1949
do
do
Dec 1 1953
d!
i
CAPITAL STOCK.—The special Improvement stock is Issued to Penn.
RR. for Improvements, Stc., 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 all respects sub¬
ject to the general or prior stock and to ’ tne 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 1902, $1,418,200. In 1903, $2,010,-
400; In 1904, $4,959,200; In 1905, $3,341,900: In 1906
$3,029,700.
Of the
$37,374,500 guaranteed special stock outstanding Dec. 31 1906, $33,443,400
owned by Pennsylvania Co.
V. 75, p. 1087.
was
BONDS.—The first mtge. is in series of $875,000 each, and second mtge.
of $860,000.
Of the above 1st mtge. bonds, $3,143,500, and of the 2d.mtge.
$3.,395,000, and over $2,770,065 cash,
wrt|re in sink, funds Jan. 1 1907.
REPORT.—1906, lessee’s profit, $882,142;
1905,
$449,179. —(V. 80, p. 2458; V. 82, p. 1439, 1497.)
$567,118;
1904,
PITTSBURGH JUNCTION RR.—B. & O. owns all except $15,250 com¬
stock, $959,000 first 6s, $250,000 second 5s and $191,000 Terminal
Co. 5s.
See B. & O. and V. 69, p. 1063, 1192, and V. 70, p. 77.
mon
PITTSBURGH St LAKE ERIE RR.— (See Maps N. Y.Cent. &H.R.RR.)
—Owns from Pittsburgh, Pa., to Youngstown, O.. 68 m., to be 4-tracked;
branch lines to Newcastle, 6bc., Pa., 4 m.; total owned, 72 m. (of which 70
double track); leases Pitts. McKeesport St Yough. (which see), 112 m.;
Mah. State Line RR., 3 m.; Beav. St Ell. RR., 3 m.; Elw. Connect. RR.
1 m.. total 191 miles.
The road Is operated In harmony with the N. Y. Central system, the L. S.
St Mich. South. Ry. owning $5,000,100 of stock.
The P. 6s L. E. owns
stock and securities of Pitts. Ch. 6b Yough. Ry., $470,000, and of Mon. RR.,
$714,000.
As to guaranty of bonds of Mon. RR. see that co.’s statement.
In Nov. 1905 the holdings of the Little Kanawha syndicate, Including the
stocks of the Little Kan., Park. Bridge 6b Term., Burnsv.6: East., Buckhannon 6b North., Belllngton 6b North., Zanesv. Marietta 6b Parkersburg and
Marietta Columbus 6b Cleveland were acquired. V. 81, p. 1436, 1493.
STOCK.—Stockholders voted Feb. 28 1907 to Increase the authorized
stock from $10,000,000 to $30,000,000.
V. 83, p. 1471, 1525.
DIVIDENDS.—
\1886 to 1891.
1892 to 1906.
1907.
Per cent.1
6 yearly.
10 yearly.
Feb., 6
EARNINGS.—For 3 months ending March 31, gross, $3,191,511 in 1907;
$3,249,728 in 1906.
REPORT.—Report for year ending Dec. 31 1906 In V. 84, p. 688, showed
Gross, $14,481,495;
net, $3,287,507; other Income, $89,021;
taxes
$181,918; intreest, $220,000; rentals, $489,588; dividends (11 %), $1,100,000; bal.. sur., $1,385,022.—(V. 83, p. 1525; V. 84, p. 509, 088.)
PITTSBURGH LISBON & WESTERN RR.—Purchased In May 1904 by
the Wheel. Sc L. E. RR.
V. 78, p. 1782-.
YOUGHIOGHENY RR.— (See Maps
from Pittsburgh to New Haven, Pa., 57
m.; McKeesport to Brownsville Jet., Pa., 39 m.; branches, 14 m.; leases 2 m.;
total. 112 miles, of which 69 m. double track.
LEASE.—Leased to Pittsb. 6b L. E. RR. for 999 years.
Rental Is 6 %
on the stock, prln. and Int. of the Pitts. McK. St Yough. bonds being guar,
by Pitts. St L. E. and Lake Shore St Mich. South, companies, the guaranties
being endorsed on the share certificates and bonds. The guaranty of the
stock Is on the express condition that the holder shall accept par for the 6ame
on July 1 1934.
See wording of guaranty In V. 56, p. 774.
Stock aut orIzed, $4,000,000; 1st mtge. bonds authorized, $2,250,000: 2d mtge. bonds
authorized. $1,750,000.
Profit to lessee In 1906 $1,120, of which one-half
was payable to the Lake Shore 6b Michigan Southern.
PITTSBURG OHIO VALLEY & CINCINNATI RR.—Owns road Bellalre
to Powhatan, O., 15 m.
Operated for cost by Penn. Co. In connection
with Cleveland St Pittsburgh since Dec. 1 1892.
Stock authorized, $1,500,000: outstanding, $300,000; par, $50.
Trustee of mtge. (for $1,500,000),
Fidelity Trust Co. of Phlla.
Cal. year 1906, gross, $39,663; net. $12,631.
PITTSBURGH SHAWM UT St NORTHERN RR.—ROAD.—Projected as
a short route from the bituminous coal fields In Elk and Jefferson counties.
Pa., northerly to Macedon (on the N. Y. C. 6s H. R. RR.), Including,
br., 350 m.
Wayland to Shawmut, Pa., with br., is in operation, viz.:
PITTSBURGH
McKEESPORT St
N. Y. Cent. A H. R. RR.)—Owns
Owned—
Hydes to Coryvllle, Pa.
State Line Jet. to Wayland
Miles.
Miles
Leased—(Concluded)—
to Hornellsvllle.. 10
66 Hornells, Jet.,
Trackage—
70
Paine’s Jet. to Cardiff
12 Hydes to Shawmut, Pa
5
Mt. Jewett to Kasson Jet
10 Brockport to Brockwayvllle, Pa_
4
9 Coryvllle, Pa., to State Line Jet- 11
Olean to Olean Jet
Leased—
Total operated
Croyland to Halton, Pa
12
209
The Brookvllle St Mahoning Ry., controlled by the same Interests, pro¬
poses to build an extension from Hydes, Pa., to Freeport,
of this. Hydes to Knoxdale, 36 m., Is to be completed In 1907.
102 X miles;
V. 81, p. 32.
under
ORGANIZATION.—Reorganized without foreclosure In 1901
plan in V. 74, p. 327, only $164,000 of old $6,000,000 5 % bonds not having
assented.
The Kersey RR., 12m., formerly leased, and about 150,000 ad¬
ditional acres of coal lands and mineral rights were placed under the new
mtge.
V. 74, p. 327, and Circular, p. 578.
The non-assenting bonds
received Interest to Feb. 1905.
The old lsts of 1899 exchanged for the
bonds of 1902 have not been canceled.
V. 75, p. 291.
REORGANIZATION.—On Aug. 1 1905 Frank Sullivan Smith was ap¬
pointed receiver. Reorganization was deferred In May 1906. A larger
mtge. Is to be authorized for extension to Pittsburgh, Buffalo and Lake
Ontario, Involving the construction of 300 miles of additional road and ac¬
quisition of additional coal lands.
V. 81, p. 559. In 1906 $1,300,000 re¬
ceivers’ certificates were authorized for improvements and additions; $800.000 Issued to April 1907.
Issue in litigation. V. 82, p. 510, 569, 806, 1102
STOCK.—All com., auth., $15,000,000; Issued. $11,700,000; par. $100.
EARNINGS.— For the year ending June SO 1906, railroad earnings were:
Gross, $891,098; net, $155,925; other Income, $8,785; Interest, taxes, Stc.,
$625,808: bal., def., $461,098.
See V. 78, p. 1498.
OFFICERS.—Acting Pres., Franks. Smith,60 Wall St.—(V. 82,p.1102.
APR.. 1007.
|
RAILWAY STOCKS AND BONDS
RAILROADS.
Miles |
For explanation of column headings, &c., see notes
on first page of tables.
Date
of
of
Road. Bonds.
Pittsburgh Cleveland Sc Toledo—See Baltimore Sc Ohio RR. i
Pittsb Ft Wayne Sc C—Gen stock 7% guar Penn RR
470
Guaranteed special Imp stock 7 % guar by end
1
470
First mortgage Series A to FISInking fund cumula-f
j
468
Second
do
Series G to Mj
tlve not drawn..c*l,
468
Third mortgage
j
468
Pittsburgh & Lake Erie—Stock author’d $30,000,000.
First mortgage
gold
1871
1862
1862
1862
73
c
Size
|
INTEREST OR DIVIDENDS.
or
Amount
Outstanding
$100 $19,714 ,286 See text,
Q—J
37 374 ,500 See text,
Q—J
5.250 ,000!
7
Various
5,160 ,000
7
Various
A
7
2,000 ,000'
&
O
10,000 ,000 See text,
dc
1,000
6 g
Sc
2,000 ,000
1,000
5 g
2,000 ,000
Sc
50
3,959 ,650
6
de
1,000
6
2.250 ,000
Sc
1,000
6
1,000 ,ooo:
&
600 .000
1,000
6 g
Sc
290 .000
1,000
5 g
de
'
300 ,000
800 ,000
164 ,000
14,491 ,600,
402 .000
1,000
1,000:
1,000
See text.'
text.I
1,000
1,000
!
1,000
1,000
'
100
PITTSBURGH Sc WESTERN RR.—See page 179.
PITTSBURGH WESTMORELAND Sc SOMERSET RR.—Owns from
Llgonier, Pa., to Somerset, 30 miles, completed In June 1906.
Stock,
$700,000, all outstanding; par, $100.
Of the bonds, $100,000 Is reserved
for extensions.
V. 81, p. 1849, 559.
President, J. Henry Cochran;
Sec. db Tres., L. H. Allen, Llgonier,
Pa.#—(V. 81, p. 1849.)
PITTSBURGH YOUNQSTOWN Sc ASHTABULA RY.—Owns Kenwood,
Pa., to Ashtabula Harbor, O., 99 m.; Niles to Alliance Junction, O., 25 m.;
Homewood to Wampum Jet., six miles; Lawrence Jet. to New Castle, 3
miles; Canfield Branch, 1 mile; Bessemer Branch. 5 miles; trackage. 4
miles.
Total, 143 miles.
A consol. Jan. 1 1906 of P. Y. Sc A. RR., dec.
V. 82, p. 693.
The Pennsylvania Company owns the $2,100,000 common
and $5,775,000 of the preferred stock, and leases the road for net earnings,
subject to the right of either party to terminate the lease on 12 months’
notice.
Pref. stock Is 7% non-cum., but If less Is paid In any year because
of earnings diverted to Improvements, the balance up to 7% must be
paid
in subsequent years before common receives any payment.
DIVIDENDS.—Dividends on stocks of new company: On pref., April 25
1906, 3 Mj %: Sept. 25, 3)^%; 1907, Mch. 25, 34%.
On common, April 25
1906, 24%: Sept. 25, 34%; 1907, Mch., 34%.
V. 82. p. 693.
BONDS.— Bonds of 1887 are reserved to retire 6s.
A new mtge. has
been authorized for $15,000,000 to provide for refunding old bonds, etc.,
but no bonds thereunder will probably be Issued at present.
V.82, p. 753.
EARNINGS.—For cal. year 1906, gross, $4,904,244; net, $2,209,719;
other Income, $16,633; lnt. on bonds, $168,100; car trust payments, $17,712;
consol, exp., $16,533; improvements, $1,108,852; dlv. on com. stock (6%),
$153,534.—(V. 83, p. 1471.)
PLACERVILLE Sc LAKE TAHOE RR.—V. 78, p. 2600; V. 81, p. 156.
PLYMOUTH Sc MI DDLEBOROUGH
RR.—Plymouth
to
Mass.,
Mlddleborough,
15 miles.
Stock, $80,000.
Leased to Old Colony RR. for 99
years from Jan. 1 1892, no rental to be paid to Jan. 1 1917, thereafter
lessee to pay 30 % of gross earnings, 4 % on stock to be guaranteed; but
lessee guarantees at all times payment of interest.
PONTIAC OXFORD Sc NORTHERN RR.—Operates road from Pontiac,
Mich., to Caseville, Mich., 100 miles.
InJMarch 1905 Robert.!. Lounsbury,
of Pontiac, Mich:, was appointed receiver.
On Dec. 31 1906 $42,000 4%
receivers’ certificates Issued to pay taxes deferred pending litigation, were
outstanding.
Bond lnt. paid to Jan. 1907 Incl., V. 80,
p.
1424.
Calendar
1906, gross, $219,941; net $28,688; Interest, $25,560.
Stock, $1,000.In 1890, 1%; 1891,3%; 1892, 4%; 1893, 6%; 1894,4%:
000.
Dividends:
1895, 3 4%; 1900. 4%; 1901. (?); 1902, 5%; 1903, 1%: 1904, 2%: 1905 and
1906, none.
Litigation, see V. 77, p. 299; V. 84, p. 509.
Pres., Hugh
Porter, N. Y.—(V. 84, p. 509.)
vear
PORT ARTHUR & HOUSTON SHORT LINE RY.-V. 83. p. 436, 970.
PORT O’CONNOR RIO GRANDE & NORTHERN RR.—Projected from
Port O’Connor, Tex., to San Antonio, 200 miles, with branches from Gon¬
zales to Smithville, 50 m. Extensions (not to be covered by mortgage re¬
ferred to below) are also proposed from Yoakum to La Grange, 61 m.; from
a point 21 in. south of Yoakum 20 m. and from Seguin to New Braunfels,
17 m. In Feb. 1907 grading was completed from Port O’Connor to Yoakum,
90 m., and was In progress from Yoakum to Gonzales, 26 m.
Name
changed from Texas Ry. In Dec. 1906.
Stock authorized, $1,000,000.
In
mortgage was filed to Chicago Title <Sr Trust Co. and William C.
NIblack, as trustees, to secure $5,000,000 of 30 year 5% bonds.
V. 84,
Feb. 1907
p.
509.
a
Pres., M. Goggan; 1st Vice-Pres, and Gen. Mgr., W. I. Allen; Sec.
Zavola. Office. San Antonio, Tex.—(V. 84, p. 509.)
and Treas., August de
PORTLAND
&
RUMFORD
FALLS
RR.—Leases
for
999
years
from
April 1907 the Portland Sc Rumford Falls Ry. and the Rumford Falls. Sc
Rangeley Lakes RR. together extending from Oquossuc, Me., to Rumford
Falls Jet.. 90 miles, with branch to Otis Falls, 10 m.; total, 100 miles.
Lease provides for interest on bonded debt of two companies and 8% on
$2,000,000 stock of P. & R. Falls Railway and 2% on $300,000 stock of
R.’ F. Sc Rangeley Lakes RR. The company will itself be leased to the
Maine Central R R.
V'. 84 p. 868.
Incorporated April 4 1907 with $1,000,,
000 authorized
stock.—-(V. 84, p. 868, 932.)
PORTLAND UNION RAILWAY STATION.—Stock, $50,000.
Bonds
guaranteed Jointly by Boston & Maine and Maine Central.
PORT READING RR.—Owns 21.21 m. of road, completed Sept. 1892
from Port Reading Jet., N. J., to Staten Island Sound; sidings and laterals,
32 m.; total. 53.2 m.
Capital stock authorized $2,000,000—par $100,
all owned by Reading Company. $1,555,000 being deposited under Its
general mtge. of 1897 and $440,000 under its Jersey Central coll. mtge.—
(V. 55. p. 544, 639, 680.)
5 g
5 g
do
do
do
Co’s office,
do
do
do
Pittsburgh
do
do
New York Trust Co, N Y
Union Trust Co, N Y
do
do
do
do
Fid Title dc Tr Co, Pittsb
Broad St Station, Phlla
5 g
5
J
J
A
i
-
dc
O New York
text. Farmers’ L dc Tr Co, N Y
text.i
do
do
dc
A Fidelity Trust Co, Phlla
de
N Farmers’ L dc Tr Co, N Y
dc
dc
dc
1912
1912
1912
1907 6
r0
1 1928
1 1928
1907 3?
July 1
July 1
July 1
1932
1934
1918
Oct
1
1920
1
1
1911
1949
1952
S Colonial Trust Co, Pittsb
Sept
J
do
do
July
N’neApr’07
100.000
See text
Jan
Jan
Jan
dc
dc
—
5
6 g
July 1
July 1
July 1
Feb 1
M
J
5
A
g
2,100,000 See text. See
9,100,000 See text. See
F
1.500.000,
6
M
1.562,000
5
1.000,000
Winslow, Lan dc Co, N Y Apr 2 1907 1 M
do
do
Apr 1 1907 \M
S New York
(Mar
A Feb 1905 lnt last paid Feb
A1
do
do
;Feb
S Colonial Trust Co, N Y Sep
See text.
225,000
400,000
Stocks—Last
Dividend.
dc
dc
dc
de
See text.
PITTSBURGH TERMINAL RR. & COAL CO.—Owns $1,065,000 of the
$1,080,000 stock of the West Side Belt RR., havlhg a belt line extending
from Pittsburgh to Clairton. Pa.. 20.6 m.. and Banksvllle Jet. to Banksvllle
2 m., with 13 m. of sidings, a total of 35.6 miles.
Owns In fee about
15,000 acres of coal and 675 acres of surface lands adjoining In Allegheny
Co., Pa., which were leased Nov. 1904 to the Pitts. Coal Co. for 40 years at
$350,000 yearly and a royalty of 8 cents per ton of coal rained.
V. 80, p.
1236. Capacity over 3.000,000 tons yrly. See V. 78, p. 703; V. 80, p. 1480.
In 1904 the Wabash-Pittsburgh Terminal Ry. (which see) acquired the
entire $14,000,000 stock.
V. 79, p. 1024, 2086. V. 80 p. 1236.
The 1st 5s of 1902 are secured on coal lands and by mtge. of West Side
Belt RR., which guarantees them, p. dc 1., and by pledge of West Side
Belt stock owned.
Sinking fund 8 cents per ton of coal mined. Of the
5s, $4,310,000 were outstanding In Oct. 1906, being pledged under the
Junior 4^s and the remaining $1,379,000 reserved for the West Side Belt
and coal land mtges.
Of the consols of 1905, the presentJssue ($5,500,000)
Is deposited under the Wabash 4
notes of 1905, $7,000,000 of the
remaining $8,500,000 being reserved to retire existing liens. V. 80,
p. 1729.—(V. 80, p. 1729.)
sur.,
383,000
See text.
pal, When Due.
M
F
F
M
i
..
$126,000; pref. dlv. (7%). $635,621; bal.,
Where Payable, and by
Whom.
100
500 dec
500 dec
500 Sec
50
See
i Bonds—Princi-
Par
Value.
1878
Second mortgage gold Series A & B
N.c
73; 1889
Pittsburgh McK Sc Yough—Stock guar (see text)
I
1884
First mortgage guar by P & L E and LS&MS
57
c
1882
Second M guar p & 1 (end) by P & L E and LS&MS.c
57
1884
MeKeesport Sc Belle Vernon 1st M gold ass’d-.FPi
40 1888
Pittsb Ohio Val & Cin—1st M gold s f not drawn.FP.c*
15
1890
Pittsburgh Painesville & Fairport—See Baltimore Sc O hlo R R
Pittsburgh Shawmut & Nor—Recelv certs red par
\
1906
First mortgage gold $12,000,000
Col.c*
1899
New mortgage gold $15,000,000
__!
1902
Car trusts $34,000 due semi-annually
J
1905
Pittsburgh Virginia Sc Charleston—See Pennsylvania RR.
Pittsb Term RR Sc Coal—West Side Belt 1st M g.. DPI Text.
1897
Pittsburgh Terminal 1st M $7,000,000 gold
1902
CPi.c* Text.
Consolidated mortgage $14,000,000
_B
1905
Pittsburgh Sc Western—See Baltimore & Ohio RR.
Pittsb Westmoreland Sc Somerset—1st M $700,000 g.N
30 1905
Pittsb Youngst Sc Ashtabula—Com stock $5,900,000
1431
Preferred stock 7 % non-cum (see text) $9,100,000.!
143
Ashtab & Pittsb 1st M Youngst to Ashtab_FP.c*&r
62
1878
Consol M (for $4,000,000) s f 1% not drawn._F.c*
125 1887
New mortgage $15,000.000
I 1906
I
Plymouth & Middleboro 1st M lnt guar by Old Col._c*i
15 1892
Pontiac Oxford Sc North—1st M gold $400,000..Me.c"
100 1896
Port Angeles Pac—1st M $2,000,000 gold red at 105_ K;
\ 1904
Port O’Connor Rio Grande Sc Nor—1st M $5,000,000
! 1907
Portland Sc Rochester—See Boston & Maine RR.
Portland Sc Rumford Falls RR—Stock $1,000.000
i
l‘l
1
’07-Mar ’)2
1
1
1937
1942
11955
Oct
1 1955
Mar 25 '07 3^ %
Mar 25 ’07 3
Aug
1
1908
Nov
1
1927
J Intemat Tr Co. Boston
Jan
1 1912
J Mercantile Trust Co N Y July 1 1916
O Oct 1904 coupon last paid April 1 1954
San Antonio, Texas
1937
Portland. Me.
POTOSI Sc RIO VERDE RY.—Owns a narrow-gauge road from
City of
San Luis Potosl, Mexico, to Hacienda Alvarez, 40 m.
Has concessions
Tor 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 after opening.
Pres., Robert S. Towne; Sec., C. J.
Nourse Jr.. 82 Beaver St., New York.
PROVIDENCE Sc WORCESTER RR.—Owns from Providence, R.
I., to
Worcester, Mass., 44 m., of which 5 in. are owned jointly with Boston &
Providence; branches, 7 m.; total owned, 51 m.: July 1 1892 leased for 99
yrs.
at 10% per ann. on stock to N. Y. N. H. Sc
Hart.—(V. 63, p. 1064.)
QUEBEC BRIDGE Sc RAILWAY CO.—V. 82,
p. 1497; V. 83, p. 688.
QUEBEC MONTREAL Sc SOUTHERN RY.—(See Map Del. & Hud.) —
St. Lambert, opposite Montreal, through Sorel to
Pierreville. and from
Noyan Jet. to St. Roberts Jet. on the aforesaid line; total 145 miles.
An ex¬
tension will be built from Pierreville to Chaudiere Jet., whence the new
Que¬
bec Bridge Is reached, a distance of 92 miles, of which 49 are under
construc¬
tion.
The Napiervllle Jet. Ry., Rouse’s Pt. to St.
Constant, 27 miles, will
also be acquired,and trackage from St. Constant to Montreal
and from
Rouse’s Pt. to Noyan Jet., 16 miles; total to be 380 miles.
V. 83. p. 379*
V. 84, p. 627.
y
Successor in Aug. 1906 to Quebec Southern and South Shore
railways,
acquired at foreclosure sale Nov. 1905 by the Delaware Sc Hudson Co.
Stock authorized, $2,000,000; outstanding, $1,000,000;
par $100.
In Feb.
1907 a loan for $6,000,000,guar, by the Del. Sc Hudson, was
arranged, to be
supplied as required during the year, at a price slightly less than 6%. V.
84,
p. 338.
Pres., L. F. Loree; Treas., Chas. A. Walker; Sec., L. J. Beluue
(V. 83, p. 493; V. 84, p. 627.)
—
’’QUEEN & CRESCENT.”—Includes Clncln. N. O. & Texas Pac., Ala.
Gt. So., New Orl. So N. F., Ala. Sc Vicks, and Vicks. Shrev. Sc Pac.
RAHWAY VALLEY RR.—Owns Aldene, N. J., on Cent. RR. of
New
jersey, Roselle Park, on Lehigh Valley RR., and Summit, on the Del
Lack. & West., completed Aug. 1906.
V. 83, p. 380.
A consolidation on
March 1 1905.
V. 83, p. 1729.
Stock, $400,000, all outstanding.
Bonds
authorized. $400,000.
Pres., Wm. W. Cole, Elmira, N. Y.; Sec., H. F.
Dankel, Kenilworth, N. J.—(V. 83, p. 380.)
RAILROAD SECURITIES CO.—Owns $9,500,000 Illinois Central
stock,
or which $8,000,000 pledged for its lnt. certs, (see
below).
Union Paclllc
In 1906 acquired nearly all the entire stock.
V. 84, p. 104.
The $8,000,000 present issue of lnt. certs. ($20,000,000
auth.) are se¬
cured by a like amount of Ill. Cent, stock, Interest at
4% (cumulative)
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 exercised.
V. 74. p. 937, 1039,
Divs. on pref. In 1902 to April 1907, both Inc., 4%
y’ly (paid A. Sc O.). On
com., 1st dlv., 3t£%, Dec. 29 1905; July 1906 24%.—(V.
84, p. 104.)
RALEIGH Sc CHARLESTON RR.—Owns Lumberton, N.
C.,
to Marlon
S. C., 41 m.
Successor March 1 1906 to Carolina Northern, foreclosed.
V. 81, p. 1241,1437.
Stock authorized, $850,000.
Extensions to Raleigh,
N. C., and Charleston, S. C., were reported to be proposed.
Of the bonds (International Trust Co. of Maryland,
trustee), $350,000
are 1st mortgage prior lien 4s and $1,000,000
consols, the first ten coupons
on the latter to be paid In cash up to 4% as
earned, the balance In ten-year
6% Interest-bearing scrip, with Interest payable semi-annually and
subject
to call at par.
Of the consols $350,000 are reserved to retire the prior
liens and $450,000 for extensions and Improvements.
V. 83, p. 97.
Year ending June 30 1906, gross, $58,238; net. $17,117.
Pres., John
Skelton Williams, Richmond, Va.; Sec. St Treas., C. T.
Williams.—(V 82
p. 629; V. 83. p. 97.)
RALEIGH Sc SOUTHPORT RY.—Operates Raleigh, N. C., to
Fayette¬
ville, 64 miles, lncl. 2 m. of trackage; extension Llllington to
Fayetteville
30 m., being completed Aug. 1906.
Successor June 1 1905 to Raleigh Sc
Cape Fear RR.
V. 80, p. 2400.
Stock authorized, $10,000 per mile
Consols (see table above) are limited to $8,000 per mile'of which
$1,000 for
equipment), except $30,000 to be Issued on bridge over Cape Fear River.
Of the bonds, $167,000 are reserved to retire the old bonds.
V.82, p. 929.
EARNINGS.—8 mos.. 11906-07..
Gross, $62,780; net, $15,802
July 1 to Feb. 28.
J1905-06
Gross,
39,579; net,
14,639
Year 1905-6,gross,$64,282; net, $25,857; lnt. and
taxes, $10,220; balance
sur., $15,637.
In 1904-05, gross, $49,637; net, $16,210.
Pres., John 4
Mills; Sec. Sc Treas., F. T. Ricks.
Office, Raleigh, N. C.—(V. 82, p.929.)
RARITAN RIVER RR.—South Amboy to New Brunswick. N.
J., 13
miles; branches, 9 miles; total. 22 miles.
Stock authorized, $1,000,000;
issued, $400,000; par. $100.
Dividends paid In 1902-03 and 1903-04, 4%
yearly; In 1904-05, 4 5^%: In 1905-06, 5 4%.
Year ending June 30 1906,
gross, $162,847; net, $64,965: lnt., taxes, Ac., $23,757; dividends
(5« %)
$22,000; surplus. $19,208.—(V. 77. p. 2340.)
READ1NQ BELT RR.—Belt railroad 7.4 m. In length around
Reading
Pa., opened May. 1902.
V. 71. p. 751.
Stock. $750,000, all owned by
Reading Company.
Road leased to Phlla. Sc Reading Ry. for 999 years
from July 1 1902 for lnt. and taxes and 4% on stock.—(V. 74.
p. 1090.)
READING & COLUMBIA RR.—Owns Columbia to
Sinking Springs,
Pa., 40 miles; branches, 14 miles; operates Marietta Junctlou to Chlckles
6 miles: total operated, 60 miles.
Stock. $958,373 (par, $50). of which
$788,200, together with $193,000 1st mtge., $35,000 2d mtge. and
$1,000.000 debentures, are owned by Reading Co., a!! except
$3,200 stock and
$158,000 2d mtge. being deposited under 1 ts general mtge.
Year 1904 05
gross,
$333,591; net, $131,940; charges $122,584.
(V. 78. p. 1908.)
READING COMPANY—PHILADELPHIA
Sc
RE ADI NQ R Y.— (See
Map.)—The Phlla. Sc Reading Ry. operates In connection with the great an¬
thracite coal properties of the Philadelphia & Reading Coal Sc Iron
Co. In
the Schuyklll region, Pennsylvania, a system of roads
centering at Phila¬
delphia, extending to Hazelton and Williamsport on the north, and westerly
to Harrisburg, Snlppensburg and
Gettysburg in Pennsylvania and Wil¬
mington. Del., on the south; also easterly in N. J. to Atlantic City and
Cape
May on Atlantic Ocean, and to.Port Reading on N. Y. harbor, viz.:
I
RAILWAY STOCKS AN1) BONDS.
A*
RAILROADS.
INTEREST OR DIVIDENDS.
explanation of column headings, &c.,
on
Miles
Date
of
of
see notes
Road. Bonds.
first page of tables.
P & R FRy(concI) con (nowfirst) M $1,000,000 g_OB.c*
Plain bonds sinking fund gold $350,000
c
Collateral trust bonds $500,000
Rum ford Falls & II L consol M gold sink fund
Mortgage
—
pm
call 110 Mo.c*
1898
rtford
ord.
Providence & Springfield—See New York New Haven
Providence Terminal—See New York New Haven &
Providence & Worcester—Stock (10% rental)
first M (refunding) cur $ 1.500.000 (V 63, p 1064)
_c*
Railroad Securities—Stock common $10,000,000
Preferred stock 4% cumulative $10,000,000
Ill Cent stock lnt certs cum gold Ser A red 105-.
500
500
Ac
Ac
c
1,500,000
1,000
487,000
6 g
100
3,500,000
1,500,000
100
100
i
1902
Ry.
ne
1906
1906
1903
1904
1905
1889
1900
1862
1864
1877
32
32
62
20
7.4
40
40
—
...
Ac
Ac
200
200
j
1,000
1,000
1,000
1,000
1,000
,
j
i
100
Ac
1,000
1,000
50
50
50
1897
1901
1907
1900
1899
1901
—
Equipment do
trust Series
Series CD gold
$156,000seml-ann
seml-ann..
gold $87,000
Ac
1,000
1 ,000
.
j
i
,666
t.
I
1902
1,000
1,000
1,000
Lines owned in fee.
Leased Itnes—(Con.)
Miles.
Miles.
Phil, to Mt. Carbon, Ac., and
Wilmington & North. RR.*..
88.4
branches
129.18 Phlla. A Reading Term. RR.
1.3
Lebanon Valley branch
59.26 Reading Belt RR
7.4
Lebanon & Tremont branch.. 51.76
Tot. leased (2d track 302.2)_644.2
Mahanoy & Shamokln branch. 59.86
Entire stock owned—
Schuylkill A Susq. branch
53.37
West Reading branch
5.3
1.86 Chester & Delaware RR
Rupert & Bloomsburg
1.6
Tamaqua Hazleton A N. RR.
9.9
Mladlet’n & Hummelst’n RR.
Colebrookdale RR
12.8
N
A
A
O
N
J
J
A
A
O 82 Beaver St. New York Oct
East Pennsylvania RR.*
Allentown RR.*
Little Schuylkill Nav. & RR.*
Mine Hill & Schuy. Haven*._
New York Short Line
Mt. Carbon & Pt. Carbon RR.*
Mill Creek & Mine H. RR.*__
9.4
2.5
3.8
North East Penn. RR.*
Phlla. A Chester Valley RR.*.
Atlantic City RR. & branches*
Schuylkill Valley Nav. & RR.*
East Mahanoy RR.*
Shamokln Sunbury A L. RR.*
Phlla. German. A Nor. RR.*.
11.0
Cape May Del. Bay A Sew. Pt.
35.4
648.4
4.5
Reading & Columbia RR.*
39.6
31.5 Lebanon & other branches—
41.6 Read. Marietta & Han. RR..
Ocean Street Pass Ry
31.3 Catasauqua & Fogelsv. RR
29.9 Gettysburg & Harrisburg Ry.*
10.9
Perklomen
RR.*
Phil. Newtown A N. Y. RR.*.
Port Reading RR.*
Pickering Valley
Stony Creek RR
Philadelphia A Frankford RR*
(•See this company.)
46.9
Phlla. liar. & Pitts. RR.*
47.1
Total controlled
Total system July 1906 (2d track,
45.3 miles)
13.8
6.4,
25.9
23.9
167.6
6.9
1.5
29.5
34.1
38.3
21.7
21.2
11.2
10.1
2.7
1,126.0
2,125.6
In Jan. 1901 control of Central RR. of New Jersey was
Required (V. 72. p. 86. 340. 392. 676; V. 73, p. 847).
In April 1907 control of the Williams Valley RR., 12 miles, was acquired.
V. 84. p. 932.
STOCK.—The Baltimore A Ohio and the Lake Shore A Michigan
Southern are jointly In virtual control, having acquired In 1903-04 over
$60,000,000 of the $140,000,000 stock, consisting largely of preferred
stock.
V. 76, p. 102; V. 77, p. 350; V. 79, p. 2432.
The company has the right to convert the 2d preferred stock Into one-half
first preferred and one-half common stock.
See V. 64, p. 709.
,
10
[
Q
A
4
ORGANIZATION.—The Philadelphia A Reading RR. (chartered April
P. A R. Coal A Iron Co. were sold In foreclosure Sept. 23
1896 and reorganized per plan In V. 61, p. 1109.
See V. 64, p. 709.
The “Reading Company” In the reorganization acquired the security
holdings, real estate, equipment, Ac., of the old Phlla. A Reading RR. Co.;
also the $20,000,000 stock and $20,000,000 bonds of the Phlla. A Reading
By. and the $8,000,000 stock of the Coal A Iron Co.
The right to mine
coal, given by charter, is protected by State Const, of 1873. V. 82, p. 393.
_
983)
$263,670,034
OF PHILADELPHIA A READING COAL
Coal lands owned. 91,640 acres, with Improvements..
Coal lands leased, 7,323 acres.
Timber lands owned, $659,965; New York and Eastern
A
IRON CO.
$72,732,867
depots,
$707,002; Western depots. $693,203; coal on hand and other
current assets. $7,417,544; depletion fund. $1,443.478
Stocks and bonds of companies controlled, nearly all of which
are collateral for loans created prior to 1896
Mocks, bonds and mortgages
10,720,992
9.633,021
154,914
Total assets, per books, June 30 1906
$93.241.794
Offsets—Coll, s.f. bonds. $1,290,000, cur’nt llabll’s, $3,526,646
$4,816,646
SINKING FUND.—Whenever, In any year, a dividend Is paid on the
an amount must be paid simultaneously to the trustee equal to 5
cents per ton on all coal mined by the Coal A Iron Company during the
pre¬
ceding year. If the aggregate of dividends so declared exceeds that sum;
otherwise such lesser sum as shall equal the dividends so declared. Under
this provision general mortgage 4s (not callable) were purchased and can¬
celed as follows;
In Mch. 1900, $433,000; In 1901, $391,000; 1902, $443,000; 1903, $253,000; 1904, $495,000; In Mch. 1905, $448,000; 1906, $493,000.
stock,
DIVS—Per ct_1900.
preferred
2d preferred
Common.--.
3
0
1901.
1902.
4
3
4
0
0
1H
1903.
1904.
4
4
1905.
4
4
None. Below.
First dlv. on common 1 H %. paid Feb. 1 1905; Aug., 2 %.
--
1906.
4
4
4
1907.
Mar., 2
May, 2
Feb., 2
V. 80, p. 2622.
BONDS.—The General Mortgage 4s (abstract V. 64, p. 612), are secured
by mtge. and pledge of all properties and securities embraced In the reor-
Nov
Portland, Me, & Boston July ’27-Jan 29
Philadelphia
Jan
1941
Office, Providence
O
A
1
Mar
1918
31 ’07 2H
1 1947
Hospital Tr Co, Prov.R I Oct
•
J Office,
4 g
F
text F
350,000
200,000 See
137, 000
22, 000
M
316 000
J
400, 000
J
M
750, 000
000
M
650,
350 000
J
J
1,000 000
70,000 000 4 In 1906 F
28,000 000 4 in 1906 M
42,000 000 4 In 1906 M
4 g
71,830 000
4 g
A
23,000 000
232 000
3H g F
4 g
1,295 000
It
324 000
4 g
J
1,000 ,000
4H?M
435 ,000
4H g M
4 H g F
1,092 ,000
July 2 ’06 2H%
1907 2 %
Apr
120 B’way, N Y Jan
1952
A
A
A
International Tr Co, Balt Feb
1 1956
do
do
Feb
1 1956
S Knickerbocker Tr Co. NY Mar
1 1943
Mt Vernon (N Y) Tr Co
A
D Knickerbocker Tr Co,NY June 1 1965
&
J New Jersey Title G & Tr Jan
1 1939
S Reading Term Bldg, Phil Sept 11 1950
&
S Phlla & Read RR, Phlla Mar 1 1912
&
D
&
do
do
Sept 11 1912
A
D
do
do
Dec
1 1917
&
A Reading Term Bldg, Phil Feb 1 1907 2 %
S
A
do
do
Mar
9 '07 2%
A
N
do
do
I May 10 ’07 2 %
J
&
J P Morgan A Co, N Y Jan
1 1997
A
O
do
do
and Phil
April 1 1951
&
A
Feb
1 1957
>—M
Girard Trust Co. Phlla
' When drawn
&
J Drexel A Co, Phlla
To July 1907
A
S Reading Term Bldg, Phil Sept 1907-1909
N
&
do
do
Nov’07-Nov’09
A
A
do
do
To Aug 1910
use of the
owned, Including the Phlla. A Reading Ry. Co. proper, 365 in.; various
lines, 635 m.; all the property of the Coal A Iron Co., or the
thereof; equipment valued at about $18,000,000, also marine
equipment.
Also a first lien upon a majority of the stock of various com¬
panies owning 453 m. of railroad, and also on various bonds—list In V. 64,
p. 613, 709. Of the $135,000,000 4s of 1897. $51,180,000 were In Jan. 1907
reserved to take up undisturbed bonds and $8,000,000 for construction,
equipment, Ac., at not over $1,500,000 per annum; of the Issue $3,411,000,
had been canceled by the sinking fund and $2,079,000 of the bonds Issued
had not been sold.
V. 77, p. 2099; V. 83, p. 272; V. 84, p. 221.
Improvement,mortgage 6% bonds or 1873 due Oct. l 1897 were extended
at 4 % for 50 years from April 1 1897, payable In U. S. gold, and
guaranteed
principal and Interest 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 % till Mch. 1
1937, the Reading Co. and the Coal A Iron Co. becoming responsible.
See V. 65, p. 870, for contract.
V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see Jan. 1895 “Supp.’’ The bonds were In
1902 extended to Feb. 1 1932 at 4 %, p. A 1. being guar, by the Reading Co.,
and sink, fund reduced to $30,000 yearly.
V. 72, p. 242; V. 74, p. 206.
The Philadelphia Subway Loan of 1894-’98 Is payable after 10 years from
date in 20 annual Installments, to secure which $500,000. bearing interest,
has been deposited, and $100,000 yearly Is being set aside in monthly In¬
stallments.
See V. 58, p. 1110; Vv62, p. 950; V. 63. p. 881; V. 71. p. 758.
The Philadelphia Subway 3 '4s of 1907 are issuable from time to time up to
a total of $3,100,000 to reimburse the
company for Installments of one-half
of the city loan and interest as paid, averaging $178,000 yearly until the
end of 1922.
V. 81. p. 1437; V. 82, p. 281; V. 84. p. 571.
The Jersey Central collateral trust bonds ($.23,000,000 present Issue) are
secured by deposit of $14,504,000 Cent. RR. of N. J. (cost $23,200,000) of
the $27,431,800 stock outstanding, $1,495,000 Perklomen 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 Co. They are sub¬
ject to call (since Apr. 1906) on any Interest day at 105 and Interest, on 60
See abstract of mortgage, V. 72, p. 487; V. 73, p. 847.
days’ notice.
The Wilmington A Northern stock trust certificates are secured by deposit
of $1,495,000 out of $1,500,000 W. A N. stock.
V. 72, p. 340.
Car trusts of 1899 see V. 69, p. 1346; V. 71, p. 759.
The $3,200,000
car trusts of 1901 cover 10 passenger and 38 freight locomotives,
1,000 steel
coal and 500 gondola cars, 500 box cars.
They are additionally secured
by $833,000 of the general mortgage 4s, which may be withdrawn as the
car trusts are paid off.
V. 72, p. 822.
Real estate mortgages and ground
rents; Reading Co., $1,337,372; Phil. A Reading Ry., $212,069.
,
LATEST EARNINGS.—-From July 1
P.
8 mos. to
Peb 28
A
Gross
II.
Ry.
Coal
Gross.
$
to Feb. 28 (8 mos.) results were
A
Iron
Ilead.Co.
All Cos.
Net.
Net.
total net.
Net.
$
$
$
$
$
1906-7.27,842,175 10,131,380 25,326,845 1,406,043 1,044.630 12,582,053
1905-6-.27,528,268 11,024,763 23.861,239 1,613,897
992,550 13.631,210
Charges all companies 8 mos. 1906, $7,124,000; balance, sur., $5,458,033
do
do
do
do
6,943,052; balance, sur.,
6,688,158
.
„
p.
ANNUAL REPORT.—Report for 1905-06
748. 755. 888.
See also editorial,
Tears ending June 30—
p.
was
1904
$3.4 ,939 ,396
21 .148 ,592
$35 ,251 .174
34,050,817
$17,004,933
$36,099,420
35,827,507
def$ 12,277
$271 .913
$1
7,020.402
6.966.019
6
.$21 .895,324
$24,242,855
14,683,967
_
Net earnings
.$14,887,202
Co.—Receipts
.$34,038,540
Expenses
.
earnings
Reading Co.—Net Income..
._
_.
Net earnings all Cos
Fixed charges and taxes
Surplus
Surplus end of
.
.
14,554,355
$7,340,969
.$21,226.321
(4)1,120,000
(4) 1 ,680,000
(4)2,800,000 (3
.
Accumulated surplus
Dividends on 1st pref
Dividends on 2d pref
Dividends on common
year
(all cos)
._
length In V. 83,
1905.
company—Receipts.. .$40,563,725
Expenses (incl. renewals, Ac.).
25,676,523
Net
at
$37,495,719
20.490.786
Railway
Coal A Iron
given
726.
1906.
._
1st
1934
1937
1923
1926
READING COMPANY.
Railway equipment leased to Ry. Co
$23,967,877
Real estate not appurt. to RR. (aun. revenue about $175,000).
17,435,922
Colliers and barges leased to Ry. Co. for $115,000 yearly
2.786,975
Leased and new equipment
13.423,066
P. A R. Ry. stock, $20,000,000, and bonds, $20,000,000, par..
40,000,000
Philadelphia A Reading Coal A Iron stock at par
'
8,000,000
Miscellaneous securities at par (In 1896 yielded $765,000)
71,239,438
Mtgcs. and ground rents at par (not under ’96-’97 mtge.)
374,095
lnt. In Phlla. A Reading Coal A Iron above securities owned
79,165,226
Claims against other companies. Ac.
7,277,434
PROPERTY
1927
1
1
2
l
i
4 1833) and the
p.
1
Feb
Oct
leasehold
securities
steamship lines.
1906 (see V. 81,
2
Portland, Me.
new bonds
The mtge. Is also subject only to the bonds for which reserva¬
tion Is made, based upon properties or securities of all the lines of railroad
From the company’s docks at the extensive terminal at Port Richmond
It operates a line of steamers and barges In coastwise coal traffic and pro\ Ides berths with elevators and accommodations for several trans-Atlantic
Total July 1
Old Colony Trust, Boston Nov
Boston and Portland
Aug
ganlzatlon, and also allJother3property7acqu!red thereafter'by
6.3
Controlled—
Central RR. of New Jersey
PROPERTY OF
A
A
A
A
A
A
A
3,486,420 See text. See tc
1 ,936,900 4 in 1906 A
A
4 g
J
A
8,000,000
1,000
—
North Pennsylvania RR.*
Delaware A Bound B. RR.*..
Schuylkill & Lehigh RR.*
4
M
F
F
A
M
J
J
'
—
4.0
103.0
0.4
0.8
86.6
33.8
...
5 g
!
Reading Company—Common stock
i
First pref stock 4 % non-cumulatlve
.
Second preferred stock 4 % non-cumulatlve
|
Gen M $135,000,000 g s f not subj to call. .Ce.c* Ar T. xt.
Jersey Cent coll tr M g red 105
PeP.c* Ar
Phlla Subway M $3,100,000 gold
PeP
Wllm A Northern stock tr ctfs gold red at 105_GP.r
Car trusts $252,000
!
Car A marine trusts $200,000 semi-annually
QP
Chestnut Hill RR.*.
Catawlssa RR.*
Norristown June. RR
Norrlst. & Main Line Conn
278.000
300.000
1,000
,
Cs
Raleigh & Augusta—Raleigh A Gaston—See Seaboard
Raleigh A Charleston—1st pr lien bds g red text
c*
•Consol M bonds $1,000,000 gold red text
c* <
Raleigh & Southp—R & C F 1st M $310,000 gold K.c*
Equipment and Improvement mortgage gold..
Raleigh A Southp cons mortgage $2,000,000
K
Raritan River RR—first mortgage gold
c
Reading Belt—1st M gold $750,000 gu p & 1 (end) QPc*
Reading A Columbia—first mortgage (ext In 1882)_c*
Second mortgage coupon (extended In 1884 & 1904) c.
Total (2 tracks. 183 miles) .355.39
500,000
Where Payable, and by
Whom.
Payable.
4 g
4 g
4
6 g
Bonds—Princi¬
When Due.
Stocks—Last
Dividend.
pal,
When
%
$992,000
350,000
LXXXIV.
•
•
Lines leased—(See each Co.).
Outstanding
1,000
1,000
•
Debentures
Rate
400,000
1897
Quakertown & Pastern—Sec Pennsylvania EasternRR
Amount
$1 ,000
1896
1897
1904
1897
1903
87 -’89
1891
Portland Un Ry Sta — Bds(not mtg) Ser “A’’A“B’’ g S f
Port Reading—1st M gold guar by old P A R. PeP.c* Ar
Potomac Valley—See Western Maryland.
Potosi|& Rio Verde—1st M $15,000
Size, or
Par
Value.
|
For
VoL.
^$15,626,321
$9,558,888
$19,135,353
(4)1,120.000
$13 ,79)1 ,804
34 ,0 18 ,724
V
% ? ,450
,849 ,685
$21 .872, ,938
14 ,589 ,307
$7
$14
(4) 1
(4) 1 .680.000 (3 W) 1
,283,,631
,406,,4 56
,
,120. 000
,470 .000
M) 2,450.000
$13,885,353
$11 ,816,,456
OFFICERS.—Pres., George F. Baer; V.-P. and Sec., W. R. Taylor;
Treas., Richard Tull; Comptroller, George Ziegler.
Directors.—Joseph S. Harris, George F. Baer, Henry C. Frick, E. T.
Stotesbury,
Henry A. Du Pont, Henry P. McKean, Samuel Dickson
Charles Steele and H. McK. Twombly.
Office, Reading Term. Building
Philadelphia.—(V. 83, p. 1412; V. 84, p. 221, 272,*571, 932.)
RENSSELAER A SARATOGA RR.— (See Map Delaware A Hudson.)
Embraces 192 miles, viz.:
Road owned—
•
Troy to Lake Champlain
Ft. Edward to Caldwell
Leased— •
Troy to Waterford Jet., Ac
—
Miles.
Leased (Continued)—
Miles.
79 Schenectady to Ballston
15
15 Vermont line to Castleton, Vt
7
Eagle Bridge, N. Y., to Rutland,
.14
Vt
__62
LEASE.—Leased In perpetuity May 1 1871 to the Delaware A Hudson,
which, Dec. 1905, owned $800,000 of stock; rental. 8% on the stock and
Interest on bonds.
Guaranty on stock, V. 56, p. 773.
SRABATOINLWCDKYS.
10.7.j
\i>r
INTEREST OR DIVIDENDS.
RAILROADS.
i 1
sec
explanation of column headings, &c.
on first page of tables.
Reading
notes
Company—(Concluded)—Old Fhila & Read
zMortgage loans of 1844, 1848 and 1849
c&r
zMortgage loan of 1857 convertible
Ci
zMortgage loan of 1868 gold extended In 1893..cAr:
zConsol mortgage ($8,162,000 are gold 6s)__FP.cAr;
zlmp M gold ext In ’97 (See V 65, p 870) g.PeP.cAr
zConsol mortgage 5s ext In 1897 (V 65, p 278)_-cAr<
zTermlnal mortgage gold (see V 64, p 85)—c*Ar
zPhlladelphia City Subway Loan guar $3,000,000..;
z Philadelphia
A Reading CoaJ A Iron—
zCol s f gold loan (RR) guar p A 1 extended In 1902
Rensselaer A Saratoga—Stock 8 % guar D A H (end)
consolidated Interest rental.-_c* Ar
RR— Bonds
i
1892
”94
94
148
254
325
327
—
;
Ce.c'Ar;
391) ...c
Richmond & Petersburg—See Atlantic Coast Line RR.
Rich-Wash Co—Coll trust gold guar red 105._N.c*Ar
Rio Grande Junction—Stock
When
Value.
Outstanding
%
Payable.
500
Ac1
500
1,000
1,000!
1892
!
192
79
Ac
1,000
200 Ac
1,000
1871
100
100;
100
”31
—
1890
1903
1898
|
,
1,000
Various
1,000,
,
1,000 Ac
100!
1903
5 g
3
City Treasury
14
When Due.
Stocks—Last
Dividend.
S
May
July
20 1942
1 1942
July 1 1910
July 1 1910
July 1910
Oct
1 1933
June 1 1911
April 1 1947
Mar
1
1937
May 1 1941
jTo 1921
A Reading Term Bldg, Phil Feb 1 1932
J Del A Hudson Co, N Y Jan 2 1907 4 %
1,290,000
ioor 10,000,000
!
"82
1897. i
A
N Guarantee Tr Co, Phlla
J
&
do
do
A
J Philadelphia and London
J Reading Term Bldg, Phil
A
&
J
do
do
&
O
do
do
A
Di
do
and London
O
A
Reading Term Bldg, Phil
S
do
do
Prov Life & Trust, Phlla
Q—F
9.363,000
5,766,500
8,500,000:
2,443,500;
Where Payable, and by
Whom.
of
809,000
1,512,700
954,000,
79,000;
2,696,000
18,811,000
-’98!
Richmond Fredericksburg A Potomac—Common stock
Dividend obligations (same dlv as common stock)..
Stock guar 7% except $19,300 guar 6%
Consolidated mortgage $500,000 gold
General mortgage $4,000,000..
Rich & Meek—1st M $315,000 gold (V 69, p
Rate
1,000
$ & £
1,000
1892
1843 !
’44 -’49
1857
1868
1871
1873 1
1882 ,
1891
’94
pal,
Amount
Underly ing General Mortgage
$1,000
$500,000
•
j Bonds—Princi¬
or
Par
of
of
Road. Bonds.
Delaware River Terminal purch money M gold._c*
Delaware River Term ext purch money M gold-_c*
zFlrst M ext In '60 Phlla to Pottsville $ & £__cAr
First mortgage
Size,
Date
Miles
For
VOL. LXXX1V.
RAILWAY STOCKS AND BONDS.
I *24
N|
2,000,000,
1,316,900 See text. J
1,794,325 See text. J
500,400 9 In 1806jM
4 H giA
500,000
2,300,000
315,000
J
J
do
Richmond, Va
May
do
do
do
N!
1
1921
Jan 2 ’07 4*4 %
Jan 2 ’07 4 *4 %
Nov 1906 4*4%
O N Y. Phlla or Richmond April 1
O Richmond
April 1
Nov 1
N J P Morgan & Co
1940
1943
1948
J
&
D New York Trust Co. N Y June 1 1943
4 g
9,500,000:
March ’07 5 %
Yearly /Maitland, Coppell ACo
2,000,000 5 In 1907
Dec
1 1939
D 1 52 William St, N Y
5 g
2,000,000:
J Company’s office. N Y
July 1 1917
6 g
2,000,000
4 g
J Maltl’d,Coppell A Co,NY;July 1 1940
4,510,000
r
"
1,000,
"62i 1889
First mortgage gold guaranteed.
-Ce.c*
1897
1.000!
156
Rio Grande Sierra M A Pac—1st M g $20,000 p m__Ce
1890
180
l,000i
Rio Grande Southern—First mortgage g $2,277,000 gui
I
Rio Grande Western—See Denver A RIo Grande.
J
&
J Erie RR Co, New York'Jan 1907 3 %
100
555,200
18
Rochester A Genessee Val—Stock 6 % rental Erie RR,
Checks mailed
100
89,602,400
Rock Island Co—Common stock $96,000,000
;
Nov
"l 905* I'%
100
Q—F j
do
49,047,300 See text.
I
,
Preferred stock (see text) non-cum $54,000.000
St L ouls A San Fran cisco RR C hlc A E I lllnols & c.
Bonds—See Chic R I A Pac RR. Chic R I & Pac Ry
Jan
1
1927
J
&
J New York or St Louis
1907
1,000'
3,000,000
5 g
Rock Island-Frisco Term—1st M gold guar jointly._c*
I
I
Rockford Belt—See Illinois Iowa A Minnesota.
J
&
J By check, Clinton, N Y Jan 1907 3*4 %
100
345,360
i
!
Rome A Clinton—Stock (rental guaranteed)
i Q—F
Grand Cent Station, N Y May 15 ’07 1 *4
100
10,000,000
Rome Watertown A Ogdensburg—Stock guar (end)..
,M
A
S
do
do
Sept 1 1910
100 Ac
417,800
1855 j
97
First M Water A R. Rome to Cane Vln s f not dr’n.c*;
Readln g Coal & Iro n Co. sha 11 be resp onsible for all old bonds m arked z above
Note—General mortgage of 1897 requires that the R eadlng Co an d
j
_
I
_
"l”
...
RICHMOND FREDERICKSBURG A
ROCK ISLAND COM PA N Y.— (Concluded.)
Miles Miles
Total
POTOMAC RR.—Owns from Rich¬
to Ouantlco. 79 miles: Junw River branch. 3 in.: leeses Con
mond. V*
nectlon RR. In Richmond, 1.21 m.; total, 83 m.; being double-tracked. The
dividend obligations carry no voting power. Rich. A Petersb.
RR. stock of $140,000 receives 8 % dividends under lease. The R. F. A P.
RR. guaranteed stock is secured by mortgage.
The Richmond-Washington Co. (see below) In 1901 took over $947,200
of the $1,316,900 common stock, and “union” line of that company has
under
ated. constr.
162
6,926
41
112
70
388
.
Connection
been
operated by Rich. Fred. A Potomac officials
since Nov. 1 1901. V. 74,p.149.
7
’00-04. ’05.
8 y’rly
9
p.
1525.
’96. ’97. ’98. ’99.
and dlv. obllg. %J6 *4
•Also In Jan. 1907 25'
7
In
6*4
7
scrip.
7
V. 83,
pledged under Its mtge. V. 81. p. 1178), the remaining $500,000 being re¬
maturity. See V. 77. p. 2388, 2391.
showed, gross, $1,764,$636,560; other Income, $3,016; charges, $103,903; dividends,
$260,037; extraordinary expenditures, $173,079; bal., sur., $102,556.
Pres., Win. H. White, Norfolk, Va.—(V. 83, p. 1525.)
REPORT.—Report for year ending June 30 1906
856; net,
RICHMOND A MECKLENBURG RR.— Keysvllle. Va.. to Clarkesvllle,
Va.. 31 miles. Road Is leased by Southern Ry. Co. for 50 years from Nov. i
189*< for Interest on bonds. (V. 69, p. 391.) Stock, $357,900 (par $100), of
which $300,000 owned by Southern Ry. Co. — (V. 71, p. 1121.)
RR.—See Atlantic Coast Line RR. Co.
RICHMOND-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 A Ohio RR., Atlan¬
tic Coast Line Co., Southern Ry.. Seaboard Air Line Ry. and Chesapeake A
one-sixth of the $2,670,000 capital stock.
1905, incl.. 4% yearly; 1906, none.
Incorporated on Sept. 5 1901 and acquired $947,200 of the voting capital
stock of the Richmond Fredericksburg A Potomac RR. and the entire stock
of the Washington Southern Ry., extending from the South end of Long
Bridge, across the Potomac River, to Quantlco, 36 miles.
The collateral trust 4s of 1903 ($11,000,000 authorized Issue) are guaran¬
teed, Jointly and severally, principal and Interest, by the six roads named
above; of the bonds. $9,500,000 (Ser. A to D) have been sold for double¬
tracking and Improvements.
V. 77. p. 629, 695; V. 78, p. 584, 1393; V. 84,
p. 932.
See list of collateral and form of guaranty, V. 77, p. 2391; V. 81,
1178.
Cal.
1906,
p.
year
lnt. on Investments and deposits, $382,207; lnt.
taxes. Ac., $344,088; bal., sur., $38,119.—(V. 81, p. 1178; V. 84, p. 932.)
Ohio Ry
each of which owns
Dividends in 1902, 3%; 1903 to
,
road Rifle Creek, Col., to a con¬
Grand Jet., 62 miles. This Is a
connecting link In the standard gauge route between Ogden and Denver
and Colorado Springs. Leased by Colorado Midland Railway and Denver &
Rio Grande at 30 ^ of gross earnlnes. which companies Jointly and severally
RIO GRANDE JUNCTION RY.— Owns
nection with the Denver A Rio Grande at
fuaranteed
owned
bonds,$1,221,150
principal on
30 1906.
Of theFirst
stockdividend,
the Denver
1898,
A
Bo Grandethe
andJune
Interest.
1899.51 20; 1900. $196; 1901. $3
$4 25; 1905, $3 75; 1906, $4 25; 1907, $5.
rental, $220,267.—(V. 78, p. 2385.)
75; 1902. $4; 1903, $3 90; 1904
Year 1905-06, gross, $734,256;
RIO GRANDE SIERRE MADRE & PACIFIC RR.—Organized In Mexico
In 1896. Incorporated In N. Y . State in June 1«97, being completed from
dad Juarez via San nias Mountains Lake Guzman Sablnal and San Pedro
mining region to Terrazas, 162 mdes. In Oct. 1904 the road was sold to W.
C. Greene (Vice* Pres, of the Greene-Cananea Copper Co.) and assoclates.construction o:t esten^ofi from Terrazas to Deldrlck. 135 miles, being suspended
In June 1905.
V. 79. p 1462,2086, 2458; V. 80. p. 1112. Stock Is $3 , t 20. 000 ($20,000 per in ) and bonds authorized $20,000 per mile.
Pres., W. C.
Clu
Greene;
Treas., E. J. Gates, 24
Broad St.
N. Y.—(V. 80, p. 1112.)
RIO GRANDE SOUTHERN RR.— < ^ee Map Denver A Rio Grande.* —
Owns narrow gauge road Rldgewflv, Col . southerly to Durango, 162 miles,
and branches, 18 m.
Stock, $4,510,000; Jan. 30 1907 $3,547,800 owned by
Den. A Rio Gr. See V. 63. p. 404. Mtge. abstract. V. 54. p. 163. and appll
cation to N\ Y. Stock Exchange In V. 54 p. 446
Of tne bonds. $2.277.000
r»
See guaranty, V. VO p. 1295.
Feb. 28:
8 months—
Gross.
Net.
Other inc.
Charges.
Bal., sur.
$165,681
1900-07
.$412,386
$8,413
$142,744
$31,350
1905 00.
387,136
172,503
8,004
143,880
36,627
For year ending June 30 1906, gross, $562,908; net, $238,276; other in¬
come, $8,398; Interest, taxes, Ac., $214,350; surplus for year, $32,324. ^ Jn
1904-05, gross, $166,386; net, $206,934.—(V. 71, p. 389.)
fc*
guar an t
are
eed by D. A R. G. V. 70. p. 791
EARNINGS.—For 8 months ending
-
RIO GRANDE
WESTERN RR.—See Denver A Rio Grande RR.
<3
ROCHESTER A GENESSEE VALLEY RR.—Avon to Rochester, N. Y.,
18 m.
Leased 1871 in perpetuity to Erie Ry.
Rental, $34,01.2.—(V.79,
p.
2158.)
I Si. Wl) Co.— (See Mops, pages 116, 117.)—Incorporated In New
Jersey <m Jul.s 30 190 2 and acquired, per plan V. 75, p. 210, the entire stoek
($]i5.ooo,(Hup of the Chicago Rock Island A Paciiie Railroad (new com¬
ROCK
Eland
Co., were
pare i, whose bonds, together with the stocks of The Rock
issued in exchange foi (1) $09.938.400 of t he $74 .847,0OO stork of Cldc. R. I.
sec—and
(2)
A Pae. Railway
which
per plan (V. 70, p. 1408, 1406), for
$28,90 1,300 of the $29,000,000 St. Louis A San Francisco common stock'.
Tin Ch'cago Rock Eland A Pacino Ry., jointly with Union Paciiie, controls
Chicago A Alton.
V. 79, p. 1402, 2200; YT. 81, p. 1238.
ROAD.—*The road, dearly shown on accompanying maps,
Total Rock Island
a
served to retire the consol. 4 4s at
ROcts.;
ROCK ISL. LINES.
Ch. Rock Isl. A Pacific
Ch. R. I. A El Paso
Ch. R. I. A Gulf
St. L. K. C. A C. and
C. R. I.
’06. *1907.
9 Jan.,4*4
BONDS.—Of the gen. 3 4s of 1903 due Apr. 1943 ($4,000,000 author¬
ized), $3,500,000 were Issuable for double-tracking and Improvements (of
which $2,300,000, outstanding, Is owned by Richmond-Washington Co. and
RICHMOND A PETERSBURG
oper-
includes:
mile¬
age.
7,087
153
468
K.
299
299
a7,725
273
«8,007
Miles
’FRISCO LINES, oper.
St. L. A San Fran..4,056
Ft. Worth ARlo Gr.
196
St.L.San F.ATex Ac.*142
Chicago & Eastern Ill
948
St. L. Mem. A So. E.
Ev’sville AT. Haute..
665
310
*
Includes leased lines A trackage, 854 miles.
Total' ’Frisco
6.3J7
Includes Paris A Gt.Nor.
17 miles.
In April 1906 extensions of the system were arranged from Fort Worth
and Dallas, Texas, to Galveston, Houston and New Orleans.
See V. 82,
p. 870, 988, and V. 84, p. 340, and Chic. Rock Isl. A Pac. Ry. and St. Louis
A San Francisco.
In Mar. 1907 Chairman Yoakum became a voting trustee of the Mobile
Jackson A Kansas City, which will be extended on the north to connect
with the St. Louis A San Francisco and a branch built from Beaumont to1
New Orleans, and it Is thought be ultimately acquired by the Rock Island’Frisco system, forming part of a direct line from Chicago to the Gulf of
Mexico.
V. 84. p. 339, 749.
STOCK.—Common stock'authorized, $96,000,000, preferred, $54,000,-
companies Issued and acquired, and the
Issued therefor, follow; V. 76. p. 1408
Total
—Rock Isl. Co issues.—
acquired.
Common.
Preferred.
Ch. R. I. & Pac. Ry--- $74,847,600 $69,938,400 $69,938,400 $48,956,880
St. L. & San. F. com.stk. 29,000,000
28,904,300
19,510,402
000.
The stock of the controlled
amounts of Rock Island Co. stock
Total
issued
Total
$103,847,600 $98,842,700 $89,448,802 $48.056 880
The preferred stock Is preferred as to capital and also as to non-cumulatlve dividends at the rate of 4 % yearly for 1903 and thereafter to and In¬
cluding 1909, then 5 % for 1910 and thereafter to 1916, Inclusive, and there¬
after 6 %.
The preferred stockholders are entitled to elect a majority of the
The authorized amount can onlF be Increased with the consent
directors.
of two thirds of each class.
DIVIDENDS.—Dividends on pref.. FeD. 1903 to Nov. 1903, both Inch.
1% quar. (Q.-F.): none since to Jan. 1907.
See V. 81, p. 1793; V. 82, p. 49.
BONDS.—As to Chicago Rock Island & Pacific Railway refunding mtge.
of 1904, see that company and V. 78, p. 228, 234; V. 79, p. 1716, 2206.
STATEMENT as to securities, rights of shareholders, Ac., V. 75, p. 1157.
EARNINGS.— For results of operations of the Chicago Rock Island A
Pacific Ry. and Its leased and auxiliary lines (forming the “Rock Island
Lines’’), and of the St. Louis A San Francisco lines (’Frisco Llne^i, see
those companies In this Section; also Chicago A Eastern Illinois.
The re¬
ports of the companies named were given In V. 83, p. 747, 748, 760, 763, 985.
The combined Income account of the Rock Island Co. and the Chicago
Rock Island A Pacific Railroad tor the year ending June 30 1906 (see report
V. 83, p. 963, 984, 1093) Is as follows;
1904-05.
1903-04.
1905-06.
Dlvs. on C. R. 1. A P. Ry. st’k owned $4,370,805
Other Income
42,662
$5,481,123
28,877
$5,564,592
64,817
$4,413,467
$5,510,000
$5,629,409
Total Income
Expenses and taxes
lnt. on C. R. I. A P. RR. bonds
Dividends on preferred
$24,006
3,664,442
$36,519
3,647,373
$56,924
3,495,113
(1)489,504 (4)1,950,210 (4)1,947,608
Balance for year
sur $235,515 def$124,102 sur$129,764
OFFICERS.—Chairman of Board, B. F. Yoakum; Pres., Robert Mather;
Vlce-Pres., Sec. and Treas., Geo. T. Boggs- Vice Pres., Asst. Sec. and Asst.
Treas., J. J Quinlan
Directors—B. F. Yoakum. Wm. H. Moore, I). G. Reid, F. L. Hlne, Geo.
G. MeMurtry, James Speyer. I). G. Bolssevaln, Ogden Mills, New York;
R. R. Cable, Robert Mather, James H. Moore and John J. Mitchell, Chicago;
Campbell. St. Louis; Geo. T. Boggs, East Orange, N. J.; John F.
Thompson. Summit, N. J.
New York office, 115 B’way.—(V. 83, p. 1230, 1591; V. 84, p. 340.)
ROCK ISLAND FRISCO TERMINAL RY.—To furnish the St. Louis
ami East St. Louis terminals of the Rock Island and St. Louis A San Fran¬
cisco systems, ami the new freight station and yards In St. Louis and to con¬
struct about 30 miles of road.
V. 84, p. 929.
Incorporated April 1) 1906.
Authorized stock, $5,000,000; outstanding, $500,000.The bonds (see above)
are jointly guaranteed by endorsement by the Chic, Rock Isl. A Pac. and
St. Louis A San Francisco Co.
Mercantile Trust Co. of St. Louis Is trustee.
V'. 8 1. p. 57 1,749.
Pres.. A. J. Davidson, St. Louis.—(V. 8 1, p. 571.749.)
ROCK ISLAND & PEORIA RY.—Chicago Rock Isl. A Pac. Ry. owns
all except $9,700 stock, which Is guaranteed 6% yearly, J. A J.—-(V'.75,p.30.)
ROME & CLINTON RR—Owns road from Rome to Clinton N. Y
13
m!le«. Oreanbed in 1869. Leaded In perpetuity In 1891 to Delaware A Hud¬
son Canal (now I). A II.) Co. and operated by N. Y. Ontario A Western.
ROME WATERTOWN A OGDENSBURG RR — (See Map N. Y. Central
A Hu t. Riv. IIR.) — Owns from near Niagara FalLs to Massena Springs, N.
Y.. 301 miles, less 27 m.. Richland to East Oswego leased from the Oswego
A flume RR. and Suspension Bridge to Lewiston Jet., 9 m.; and trackage to
Suspension Bridge. 2 ni.; Richland to Rome, 41 m.; branches to ('ape Vin¬
cent, Ogdensburg. Pulaski, Fulton. Ac.. 110 m.; total owned. 414 miles
1 eases Ptlra A Black River RR ($1,120,000 of $2,223,000 stock owned)
Ptlea to Ogdensburg and Clavton branch, 150 m.: Oswego A Rome RR
'$202,200 of $2 1 1.900 stoek owned), 27 m., and Niagara Falls Branch RR
9 miles; Carthage Watertown ft Sacketts Harbor, 29 m.. total. 629 miles
LEASE.— In 1891 leased during corporate existence and renewals to N.Y.
Central, which assumes the debt and guar. 5 % on stock; guaranty, see V.52;
p. 463.
Utica A Black River Is leased In perpetuity, 7% on stock guar¬
anteed.— (V. 72, p. 1238.)
James
,
Apr., 1 HOT.
Rome
explanation of column headings, Ac., see notes
on first page of tables.
Miles
Date
Size, or
of
of
Par
Value.
Road. Bonds.
Watertown & Ogdensburg (concluded.) —
Consol M (int only In gold, $500,000 are 3*-Ss)._F.c
Oswego Bridge Co first mortgage
Syracuse Phenlx & Oswego first mortgage
Me
Nor & Mont 1st M gold $360,000 $10,000 pm
N
R W. A Og Term RR 1st M gold assumed. _
_c*
Oswego A Rome 1st M 7s ($350,000) and 2d M 5s gu
Utica & Black RIv stock 7 % perpet guar by R W &O
U & B R 1st M $2,000,009 gold guar p & i._Ce c
Rutland—Stock cum 7 % pref (for common see text) __
First consol mortgage for $3,500,000 gold.. Us.c* Ar
1874
1885 ,
1885
1886
188S ;
*65 -’91
All
17
13
7
28
150
150
397
120
Louis
Louis
Louis
Louis
Louis
Merch
& Cairo—See Mobile
$9,576 000
1,000
100 000
175 000
130 000
375 000
750 000
,103 000
,950 000
1.000
500,000
500,000
1
2
2
2
3
4
3
1
0
1,000
500.000
247,000
610,000
4H g
4 Vi g
1,000
400,000
255,700
4 ff
6
1,000'
2,500,000
1,000,000
4 g
5 g
4
100
100
100
4,600,000
1,000
1.000
1.000
1.000
1.000
$1,000
1,000
500 Ac,
1.000
1906.
$2,799,209
.
.
..
bds.
Special improvem’t items
Dlv. on pref. stock (1 b>)
1905.
$2,562,089
1904.
1903.
$2,437,037
8U1.717
850,323
$2,414,452
768,928
817,991
89,348
89,957
513,432
821.115
846.486
871,066
895,348
106,078
97,170
504.905
510,553
2,425
100,000
1.463
100,000
498,920
16,338
100,000
_
135,864
135,864
—
RUTLAND & WHITEHALL RR.—Owns N. Y. State Line to Oastleton,
Leased Feb. 1 1870 In perpetuity to Rensselaer A Saratoga RR.
(rental, $15,342—6% on stock) and so operated by Del. A Hudson.
SACRAMENTO & LAKE TAHOE RY.—V. 81. p. 1175.
SAGINAW TUSCOLA & H IRON.- Owns Saginaw, Mich., to Bad Axe.
66 miles.
Stock, $600,000; par, S100.
In year 1898-99, gross. $147 448:
net, $45,644; other Income, $5,495.
Leased to Pere Marquette RR. for
from Feb. 1 1900 for guaranty of principal and Interest of bonds
30) and maintenance.—(V. 72, p. 88.)
ST. JOHNSBURY & LAKE CHAMPLAIN RR.—Owns Lunenburg. Vt.,
to Maquan Bay-, on Lake Champlain, 120 m., and branch from North Con¬
cord. Vt.. to East Haven, 11 m.; total, 131 miles
The road Is operated In¬
dependently, although a majority of the stock Is owned by the Boston A
Notes payable June 30 1906. $279,211.
Lowell, leased to Boston A Maine.
Stock, com., $2,550,000; pref., $1,298,500; par of shares. $50.
In year
1905-06. gross, $375,993; net. $43,948; dcf. under charges (not Including
bonds owned by B. & M. and B. & L.). $32,957.
ST. JOSEPH & GRAND ISLAND RY.—Owns St. Joseph. Mo., to Grand
Island. Neb.. 251 miles.
Trackage, St. Joseph to Gower, Mo., 20 miles,
and Gower to Kansas City. 41 miles.
HISTORY.—A reorganization Feb. 23 1897 (per plan in V. 62, p. 784,
950) of the St. Jos. A Grand Island Railroad, sold in foreclosure.
Union
Pacific in 1906 acquired $2.900.000 common. $932,200 first pref. and
$1,250,000 secoiid pref. stock.
V'. 84. p. 52,571.
STOCK.—Com.. $4,000,000; 2nd pref., 4% non-cum., $3,500,000; 1st
pref., $5,500,000 (see table above); par. $100.
1900
DIVIDENDS (%)— 1 1898
1899
1901
1902 None
j
5
3
3
since.
Or. 1st preferred
5
5
BONDS.—Bonds for $1,000,000 can be sold only for new mileage at not
exceeding $6.ooo per mile.
See listing In V. 64, p. 1138.
LATEST EARNINGS. -8 months ending Feb. 28:
Int..tax.,Ac. Bnl.. stir.
8 Months—
Gross.
Net.
1906 07
$1,160,468
$471,845
$163,763
$308,082
359,057
191,715
1905-06
1.049,096
167.342
ANNEAL REPORT. -Fiscal year ends June 30.
Report for 1905-06,
Gross, $1,522,047; net, $457,with balance sheet, was In V. 83, p. 1167.
betterments, $62,066; bnl., stir.,
782:
Interest and taxes, $252,788;
I n J 904-05. gross. $1,209,033:
$142,020.
net, $304,034.
Pres.. W. T.
Van Brunt; See., Francis W. Russell. St. Joseph, Mo.—(V. 84, p. 52. 571.)
999 years
(form V. 71, p
.
..
JOSEPH SOUTH BEND & SOUTHERN RR.—Owns South Bend.
Ind.. to St Joseph Mleh. 39 m.
Stock. $500,000 com. and $250,000 5%
nref.
Leased to Ind. 111. A Iowa RR. (now Chic. Ind. A Southern) for 50
ST.
Michigan Central assuming operation on Feb.
pref. and 2% on corn, are paid Mch. 15 and
Sept. 15. In 1905 paid R % extra on com. No bonds. — (V. 81, p. 841.)
SI
LAWRENCE & ADIRONDACK RY.—(See Maps X. Y.C A H. R.
RR )—From Malone, N. Y. (on Mohawk & *Malone). to Adirondack Jet..
5 6 miles, connecting there with the Canadian Paeillc at Its St. Lawrence
April
1916
May
May
1918
1915
*07 3H
1922
F
M
J
-
A
A
A
A
...
800.000
400,000
1,480,000;
,
$1,240,000
15,627.000'
3,500,000
2,000,000
July 1916
Dec, 1 1925
Feb 15*07 1 H %
Feb
1
1931
Office, Boston Mar
l
1944
July
1
1952
A New York Trust Co
S Company’s
J New York
1
Jan 15 ’07 1 H %
1941
July
1948
July
1949
July
Nov
1927
Mar
1920
1951
July
Nov 1 1907-’12
Oct 1907-1917
_
5,498,500 5 In 1902 J
3,500,000
J
4 g
4,000,000
5 g
M
130,000
5 g
6 g
5 g
Mar 30
July
J
A
M
A
A
A
A
A
j
Central Trust
Co.
N
Y July 15 *02 2H
j Central Trust Co, N Y
jan 1 1947
N First Tr A Sav Bk, Chic May'08-May
J New York Trust Co, N Y July 1 1996
O Colonial Trust Co
N Y Oct
1 1996
N St Louis Union Trust Co Nov 1 1910
1
*09
i
J
4 g
4 Vi g J
A
5 g
F
6
A
A
A
A
J
D
O
A
N Y & East St Louis, IU
New York Trust Co., N Y
Farm LATrCo.NY: AStL
Farm L & Tr Co. N Y
July
1
1953
1909
June 1
Oct
1
1930
Feb
1929
1
1901; In 1902, Feb., 2H%; In 1903, July, 3%; In 1905, Dec. 14%: in
1906, Dec. 31. 5%.
Current liabilities June 30 1905, $48,467; equipment
Earnings since 1905 are Included in those of N. Y. Central.
$31.969.
In 1905-06, gross, $339,235; net, $155,900; other income. $1,139; charges.
$78,922; dlv. (14%). $24,225; bal., sur.. $52,991.
In 1904-05, gross,
$300,092; net, $128,903.
Pres., \V. H. Newman.—(V. 83, p. 1348. 1412.)
trust*.
ST. LOUIS
BROWNSVILLE & MEXICO RY.—Owns Brownsville. Tex.,
Algoa, 344 m.; trackage, 16 in.;
Mexican boundary line, northerly to
branch from Harlingen to Sam Fordyce,
on
affording, via Nat. RR. of Mex., a
55 m., was opened In Dec. 1904,
through line to City of Mexico; total,
415 miles.
V. 81, p.1666.
Extension from Bay City to Algoa, 60 m., was opened Jan. 1 1907,
whence trackage has been arranged to Houston and Galveston; extension la
proposed to San Antonio.
See V. 77, p. 350; V. 79, p. 1024.
V. 80. p. 652;
V. 82, p. 693.
B. F. Yoakum of St. Louis & San Fran, and associates are
in control.
Stock authorized. $3,850,000;
outstanding June 30 1906. $1,221,500.
Bonds are Issuable at $7,500 per mile; V. 80, p. 1236; V. 82 p. 569.
In
Oct. 1906 $1,080,000 bonds were reported as outstanding, and application
was made for permission to Issue $758,175 additional on completion
of 102
miles of road.
Year ending June 30 1906 (356 miles), gross, $296,038;
net, $125,075; int. and taxes, $84,720; bal., sur., $40,355.
Pres., B. F.
Yoakum; Sec., H. W. Adams, Corpus
Christ!, Tex.; V. P., R. J. Kleberg;
Man., Jeff. N. Miller. Kingsville. Tex.—(V.83, p. 1412.)
ST. LOUIS & CAIRO RR.—See Mobile & Ohio RR.—(V. 70. p. 532.)
ST. LOUIS EL RENO & WESTERN RY.—Guthrie to El Reno. O. T..
2d V.-P., and Gen.
j
42 m., opened In June 1904. The Ft. Smith & Western acquired 51% of
The road will be operated Independently as heretofore.
stock in July 1906.
V. 83, p. 272, 214.
120 m., and from El Reno
800 as reduced July 1906.
------
Vt., 7m.
years from Feb. 23 1900, the
15 1905, 5"o per annum on
1922
1915
1915
Extension Is proposed from Guthrie to Peru Jet., Kan.,
to a point near Hobart, 75 miles.
Stock. $970,on any Interest
Bonds are subject to call at 102
day, beginning July 1 1913, or at any time at par if an extension Is arranged
100,000 ! at a lower rate of Interest.
East St.. Louis M. & S. E. 1st 4s, 1952. red. 105.
103,043
$389,875.
For year ending June 30 1906, gross, $53,632; net, $1.713; total
deductions, $56,403; bal., def., $54,690.
Pres., J. C. Van Riper.—(V. 83,
$11,559
$148,959
$54,983
$13,866
Balance, surplus
Directors.—W. H. Newman (Pres.), Win. K. Vhnderbllt. FrederlcK W.
Vanderbilt, H. McK. Twombly, J P. Morgan, William Rockefeller. James
Stillman and Chauncey M. Depew, New York: Perclval W. Clement. Rut¬
land, Vt.: W. Seward Webb, Morrlsvllle.Vt.; Fletcher D. Proctor, Proctor.
Vt.; Olin Merrill. Enosburg Falls, Vt.;
Robert Treat Paine 2d. Boston.
Mass. —(V. 83. p. 1230, 1466, 1471; V. 84. p. 623.)
...
Feb
Feb
River bridge, Montreal.
In Jan. 1905 the N. Y. C. & H. R. RR. acquired
the entire stock.
V. 82, p. 934.
Stock, $1,615,000; par of shares, $100.
Dividends, 2H%, paid Sept.
Request of minority Interest for adjustment of dividends, V. 83, p. 1230.
BONDS.—Rutland-Canadian mtge. Is for $1,350,000 (see adv. In ’’Chronicle” of July 15 1899).
In 1902 $1,000,000 4Vi % equipment bonds were
sold.
V. 74 p. 728.
Of the amounts shown In the table above as out¬
standing there were In the Rutland treasury Jan.l 1907 $500,000 Chatham
A Leb 4s, $50,000 Ogdensburg Term. 4s. Of the Rutland Transit guar. 4s
($400,000 present Issue), 1-20 of outstanding amount Is subject to call
yearly at par on Dec. 1 from the proceeds of a sinking fund. V. 82, p. 693.
EARNINGS.—For 3 months ending Mch. 31 1907, gross. $593,839: In
1906,$575,251.
Gross earnings
Net earnings.
Total net income
Deduct—
Taxes and rentals
Interest on bonds
Interest on loans
Sink. fd. for equip,
•July
F
F
Grand Cent Station, N V
&
do
do
A
do
do
A
do
A
do
A
do
do
M
A
do
do
Various
do
do
M
&
S
do
do
J
A
Grand
Cent
J
&
Station, N Y
do
do
A
do
do
&
,J
J
&
City Trust Co, Boston
Grand Cent Station, N Y
M A
do
do
M
&
do
do
J
&
do
do
A
M
do
do
A A
do
do
do
do
J
A
United Nat Bank, Troy
Q- -F
i
...
A
i
pref. said to aggregate over 160%.
REPORT.—Report for calendar year 1906 in V. 84, p. 623.
g
5 g
4 g
1,000
lVi 1Vi (Ja)
0
4 g
4 g
1 000
RUTLAND RR.—{See Maps X. Y.C. A II. R. RR.) — 468 miles, viz.:
Miles. J
Leased, Ac.
Miles.
to OgdensI Lines to Tlconderoga. Ac
18
burg, N. Y
283 I Trackage (for pass, trains only)
53
Rutland, Vt., to Chatham, N. Y. 114 1
to Montreal I
Owns entire $100,000 stock and $100,000 4 % bonds of Rutland A Noyan
RR., entire $1,000,000 stock of Rutland Transit Co. and entire $300,000
stock of Ogdensb. Term. Co. V. 75, p. 1029. (V. 73 p. 437: V. 72, p. 88,
822.)
In Jan. ’05 the N. Y. C. A H. R. RR. acquired $4,694,100 preferred
stock.
V. 82, p. 934.
STOCK.—In Jan. 1907 all but $199,400 com. stock had been exchanged
for pref.—10 of com. for 1 of pref.
V. 72, p. 439.
Div. onl *92-’95
’96 ’97 ’98 *99 ’00 ’01 '02 *03 *04 *05 ’06 1907.
Accumulated dividends on
7
4 g
100
RR.
Belt
1,000
1.000,000
A
A 7
g
350,000'
1.000
RR. Lines Owned.
Bellow’s Falls. Vt.,
pf.. %/4 yearly.
5 g
,400,000
A Ohio.
Bridge—See Terminal Railroad Association of St Lo uis.
42, 1903
El Reno & W—1st M $1,240,000 g red (text):
M & S E—1st M $16,000,000 g. p & 1 red.Nc*
665 1904
Merchants Br Term—1st M guar p A 1 g.SSt.c
1890
Bridge 1st M red after Feb 1 1909 at 110.SSt
1889
A 3Vi
6
G
5 g
,492,000l
1,000
1,000
1.000
1.000
1801
Whom.
Payable..
057,600 See text
100
127 1898
Ogd & L Ch 1st M $4,400,000 gold assumed..Ce c*
Rut-Can 1st M gold assumed $1,350,000
OB.c*
43 Vi 1899
Bennington & Rutland—1st ref M gold assum’d N c*r
59 1897
Second M gold assumed subj to call after 1901. N.c*
59 1900
Chatham A Leb Val 1st M $500,000 gold p A 1 guar.S
58 1901 '
1901
Equipment trusts gold maturing $33,000 yearly
!
1902 t
Equip trusts $1,000,000 g $100,000 yearly.. AB.c&r
Ogdensburg Term Co M lnt guar s f $10,000 yearly
Rut Tr Co 1st M $1,000,000 g gu s f red par
1905
G.e
Rutland & Whitehall RR—Stock (no bonds)
.
7
St Clair Madison & St Louis Belt—See Missouri A 1111 nols B ridge
Sa g Tuscola & Huron—1st M g guar p A 1 (end).. N.c*
66 1900 !
St Johnsb & Lake Champl—1st M ($1.328,000 gu) g.c'i
131 1894
St Johns River Terminal—First M $2,000.000
' 1902
N
St Joseph & Grand Island Ry—Com stock $4,600,000
First preferred stock 5 % non-cumulatlve.
_i
i
Second preferred 4% non-cumulatlve $3,500,000..,
First mortgage, $5,000,000, gold
Ce.c'Ar
251. 1897
Equipment notes gold due $40,000 semi-annually..,
' 1904
St Lawr & Adirondack Ry—1st M $800,000 gold.N.C*1
43j 1896
Second mortgage $400,000 gold
N
43i 1896
St Louis Br & Mex—1st M $4,000,000 red par__SSt.c*
400: 1904
St
St
St
St
St
$1,000
Stocks —Last
Dividend.
Where Payable, and by
When
Rate
Outstanding
1.000
100
1890
When Due.
pal,
Amount
•>r»
Bonds—Princi¬
INTEREST OR DIVIDENDS.
RAILROADS.
For
i
RAILWAY STOCKS AND BONDS.
j
p.
272.)
ST
LOUIS IRON MT. &
SOUTHERN RY.—See Mo. Pac. Ry. system.
ST. LOUIS KANSAS CITY & COLORADO RR.—Forest Park (St.
to Kansas City, Mo., 291 m.; branch, 1.4 m.; trackage. Forest Park to
Station, St. Louis, 4 m.
In May 1902 the C. R. I. & P. Ry.
road.
V. 76, p. 159; V. 74, p. 938; V. 75, p. 136. 794; V. 78. p. 768.
Louis)
Union
acquired the
Stock
authorized. $20,000,000: outstanding Feb. 1905, $3,644,800; par, $100.
Pres., B. L. YVinchell. Chicago.—(V. 75. p. 794.)
RR.— (See Maps Rock
LOUIS MEMPHIS & SOUTHEASTERN
ST.
Island Co.)—St. Louis to Luxora, Ark., 242 in.: Cane Girardeau. Mo., to
1
IS
m.;
branches,
305
m.:
Leeehville, Ark.,
total mileage owned. 665 miles.
Stock, $12,500,000, all owned by the St. Louis & San Francisco.
BONDS.—The 4f$s of 1904, guar. prln. and lnt. by the St. L. & S. F.
($16,000,000 authorized), issued per plan V. 78, p. 1908, are a tir*t lien on
665 miles of road.
V. 83, p. 272.
Litigation, V. 82, p. 49.
Old bonds
outstanding additional to these were in Dec. 1906 $54,000 Pemiscot RR. 6s
due Oct. 1 1914; $65,000 Kennett & Osceola 5s due June 1 1917; $7,500
So. Mo. A Ark. 5s due 1939;
Houck’s Mo. A Ark. 1st 5s. 1913. $1,700:
Chester Perrvvllle A St. Genevieve Ry. bonds, $140,000: total, $270,700.
St. L. M. A S. E. 1st 4s. 1952, red. 105. $389,875.—(V. 83. p. 272.)
LOUIS
RY.—ORGANI¬
ST.
MERCHANTS’ BRIDGE TERMINAL
ZATION.— Double-track road from near Union Depot, via Main St... Hall
St., Ac., to Ferry St., opposite the Merchants’ Bridge. 7 miles,
it owns and
controls the Madison Ill. A St. L. Ry., connecting the town of Madison and
East St. Louis, S m.; total, 15 miles.
Leases Merch. Bridge for int. on the
Bridge Co.’s S2.000.O00 bonds. Litigation, V. 77. t>. 299, 512: V. 81. p. 32.
$3,50o,ooo;
Stock authorized,
Issued to June 30 1906, $2,939,500; par.
$100; of this the Terminal RR. Assn, owned $1,115,995 on Aug. 31 1906.
On Dec. 31 1904 there was due to Term. RR. of St. L. $1,208,489 for ad¬
vances under Its guaranty.
In Nov. 1893 Term. RR. Assoc’n of St. L.
guaranteed by endorsement the prin. and int. of Its $3,500,000 1st mtge.
bonds and the Interest on $2,000,000 Merch. Bridge 6s.
The 6s are subject
to call beginning 1909 at 110 and Interest.
EARNINGS.—-Year ending June 30 1906. gross. $1,773,299; net, $856,496; charges, $380,916; bal.. sur.. $475,580. — (V. 81. p. 32.)
ST. LOUIS ROCKY MOUNTAIN A PACIFIC CO. -<»• Map.) - Owns
In fee 191.895 acres of coal lands, and coal rights and surface necessary for
mining in 328,430 acres additional, east, west and southwest of Raton.
Colfax County. N. M.
Estimated tonnage 350.000.000 tons of high-grade
bituminous coking coal In 42.700 acres of proven territory, with large re¬
serve tonnage In the remaining 477.000 acres.
At Brilliant. Van Houten
ami Koehler the company has In operation coal mines of a present producing
capacity of 1,200.000 tons of coal per annum.
By July 1 1907 It is expected
to have In operation at Gardiner anil Koehler coke ovens of 180.000 torts
annual producing capacity.
Affiliated Interests control large timber
properties tributary to the railroad, and for the development of the same
the Cimarron A Northwestern Ry. has begun construction of a line from
Cimarron to Ponll Park, 22 miles.
The St. Louis Rocky Mountain A
Paeillc Company owns also all of tite
securities of the St. Louis Rocky Mountain A Paeillc Railway Co., which
In Feb. 1907 completed a standard gauge railroad to6 miles In length from
Res Moines, N. M.. westerly to Raton and thence southwest to Koehler,
Vermejo and Cimarron and up Cimarron Canyon to Ute Park In the Baldy
mining district.
Connections arc made with the Colorado A Southern at
Des Moines, with the Santa Fe at Raton and Preston, and with the El Paso
A Southwestern at Vermejo.
STOCK.—Authorized, preferred (as to assets and dividends' 5% noncumulatlve. $l .POP.000; common, $10,000,000. under a voting trust for
126
RAILWAY STOCKS AND RONDS.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles
For explanation of column headings, &c., see notes
on
of
first page of tables.
[VOL. LXXXl\t,
Date
Size,
or
Par
Value.
of
>
Road. Bonds.
1
Amount
Rate
When
Outstandingj
%
Payable.
Bonds—Princi¬
pal, When Due.
Where Payable, and by
Stocks—Last
Dividend.
Whom.
i
i
fit Louis Rocky Mt & Pacific—1st M gold s f__Mp.c* Ar
St Louis & San Francisco—Common stock $64,000,000
First preferred stock 4% non-cum $5,000,000
1005
Second preferred stock 4% non-cum $31,000,000-.. l,6Ul!
K C F S & M pref stock trust certs $15,000,000 guar
C & E I common stock trust certsl payable at 250 Col
guaranteed gold redeemable../payable at par.Cob
Pref stock trust cetrs $6,830,700 g guar red 150.Col
Refunding mortgage gold $85,000,000
Mo.c'&r 2,597
1901
Coll trust notes (St L S F A N O) gold red par..Ta
222
1903
Notes for Ark Valley & W $4,500,000 auth red par
...I 1905
Collateral trust notes (Col So N O & Pac) gold ._N
1906
Bonds Underlying Refunding 4s.
Mo A W Dlv 1st M g $5,000 yearly drawn at 105..c*
82
1879
St L A San Fran coll trust gold s f not drawn. Us.c*
1880
101
Gen M gold (1st on 365 m) $3,681,000 are 6s. Use*
986
1881
Col lateral trust mortgage on branches gold. U n.c*
64
1887
Consol M (V 64, p 1861) gold no option
Me 2,393 1896
Southwest Dlv M $1,500,000 red at par gokl.Cec*
112
1897
Cent Dlv 1st M gold $3,462,000 red at 102
N.c*
103
1899
Northwestern Division mortgage redeem 102H-N.C*1
106
1900
St Louis Wichita & VV 1st M redeem at 105 gold.-C*
145
1879
Ft Worth & Rio Gr 1st M gold old 5s lnt red__Ce.c*
106
1888
Birm Belt 1st M gold red 102 XA gu p & 1( end) .OIl.c*
21
1902
Ft S A V B Bridge 1st M gold drawn 105 guar pAl.e*
1885
Chicago A East Ill, Kansas City Ft Scott A Memphis
St’Li Mem
Equipment notes payable semi-ann., (V. 73, p 1314)
1901
$7,000 ,000
100
100
100
100
100
29 000 .000
100
1,000 &c
123,000
195,000,
,ooo:
145.000'
Ac,
47,000i
304.000
2,923,000
1,000,000
1,000'
1,000:
59.000
E, ! Ozark A Ch
655.000
5.000&C;
4,000 Act
684,000
500.000
i
871,443
696,000
1 000
2,772.000
1 .0001
405,000
1,000
3,357,000
200,240
3,300,000
|
For unde rlying bond
k
do
do
Ser C red par due $50,000 seml-ann
do
do
Series E $12,188 monthly.
_j
do
do
Series F due $58,000 quarterly. _.N
do
do
Series G due $154,000 seml-ann Ba
do
do
SerlesH part due s a(V.83,p.l591) N'
do
tlo
Series I gold due semi-annually
(
do
do
Si r'es J part due s a (Pullman Co)
1906
i
do
do
Se:ies K due $165,000 s a. FC andSSt
1907
Exclusive of $125,000 additional deposited In spec lal tru sts.
S
4
5
4
4
6
4
4
6
5
5
5
5
"V.ooo
voting trustees, Henry Koehler Jr., Charles Springer, Frank
Springer, Harvey Edward Fisk, S. Stanwood Menken.
BONDS.—Authorized, $15,000,000; secured by a direct first mortgage
on the company’s coal
lands, mines, coking plants, improvements and
equipment, and upon all of the capital stock and first mtge. bonds of the
sinking fund equivalent to one cent per ton of coal
April 1 1911.
EARNINGS.—Net from operation 3 mos. ended Feb. 28 1907, $99,537;
1906, $33,961; quarterly fixed charges, $87,500.
See full statement.
V. 81, p. 265, 900, 1376; V. 82, p. 335.
Fisk & Robinson linaneed the
enterprise.—V. 84, p. 272, 509.
a
mined will become operative
s
g
g
g
g
1907 1 %
1905 1 %
1907 1 %
1942
1942
Dec 1
•
J,N Y Trust Co, N Y
F
F
J
A
J
A
A
A
&
&
A
A
A
A
A
A
A
A Mercantile Trust Co, N
A United States Trust. N
J Mercantile Trust Co, N
O:Union Trust Co. N Y
J Mercantile Trust Co, N
O
do
do
Oi
do
do
O;
do
do
S
do
do
J H B Hollins & Co, N
O Mercantile Trust Co. N
0|
F
M
.
A
Sept
Y July
Y Oct
N|
A
A
do
N
.
:
.
!
April
companies.
June 1907-1911
Aug 07-Feb ’13
To May 1 1913
do
& F Co, St L To May 1913
do
July 07-Oct ’10
Oct ’07-Apr ’16
Nov’07 -Nov’13
do
To June 1916
i
J;First Tr & Savs Bk. Chic July ’07-Jan *17
A
as
.
1920
1931
1987
1996
1947
1929
1930
1919
1928
1922
1910
J;First Nat Bank, Chicago July ’07-Jan ’17
j Quar.
J
.
D Blair A Co. New York
A R Wlnthrop & Co, N Y
A
A
monthly iAmer Car
A
J Blair & Co. NY
&
O;
do
do
deposited
.
April
April
JJ
!A
J
1951
1908
1912
1911
1919
Y Aug
Y July
Oct
Y July
Oct
and R I-’,Frisco Term—See those
)J
.
Y Aug
do
do
1942
.
Jan
A
A
A
iM
J
!A
!A
5 g
5 g
4M
Apr 1
do
i
;j
'A
4
4 g
4 g
...
_.
g
g
g
g
g
g
g
g
Cent
er
.July 1 1955
Q—J
Mercantile Trust Co, N Y ;.Apr
;J
A
J Checks mailed
July
J
&
•July
do
J]
i Q—J 1
do
!July
J
‘Sc
J Morton Trust Co, N Y
iJuly
'Dec
gj
& D|
do
Feb
|F A A Bankers Trust Co, N Y
5 & 6 g
5 g
439,000!
1,558,000;
829,000!
J Fisk A Robinson, N Y
,
6 g
6 g
9.484.000
1,000,
1.000!
1903
1903
1903
1903
1906
1906
1907
Railway Company;
7,124 900'
4,000 ,000!
3,375 .000
l.ooo:
1.000
500
,
years;
a63,452,0001
1,000
1,000
1,000
1,000,
i
4 g
10 g
4
6 g
4 g
4 y2
4 Vi
5 g
10,416 ,000
3,051 .400
6,211 ,700
V.666;
A
—M
13.510 000
i,ooo:
_
J
5 g
5.000 ,000
16.000 .000
1,000
...
ten
!
$1,000 «Scc
1,691
1,691
security, see text.
exceeding $32,000 per mile (Incl. underlying liens) $4,500,000; at not ex¬
ceeding $22,500 per mile (Incl. underlying liens) $12,000,000.' k Includes;
$125,000 In trust for Northwestern Division Improvement fund.
l’he underlying bonds which have been deposited as security under the
refunding mortgage, and which are therefore kept alive, are:
A B and C 6s of 1906
$5,539,700 Trust 5s of 1887
660,000
Mo. A W. Dlv. 6s
866,000 Southwest Dlv. 5s
$671,000
St. L. Wlch. A West. 6s.. 1,696,000 Cent. Dlv. 4s.
1,817,000
Trust 6s of 1880.
731,000 St. L. Okla. A So. 4s (all)
4,650,000
Ft.Smith A Van Bur.Br.6s
146,000 Kansas City Dlv 4s (all)_ 2,324.000
Gen. mort. 6s of 1881
do
do
4,126,000
3s (all).
976.000
do
5s
6,488,000 | Northwest. Dlv. 4s..
1.253.000
There have also been acquired and deposited under the refunding mort¬
gage the following stocks and 4 % bonds, representing new extensions
(being entire issues on account thereof), the latter aggregating 551.14
miles.
(As to location, see V. 77, p. 1588, 1537.)
Name of road—
Miles.
Stock.
Bonds.
Oklahoma City A Western RRJ
174.85
$5,000,000
$4,023,000
Oklahoma City A Texas RR..
8.68
Ft. Worth A Rio Grande Ry.
49.72
a2,842,000
X994.000
Sulphur Springs Ry
8.72
174,000
200,000
Blackwell Enid A Southwestern Ry
238.67
238.67
4,500,000
500,000
Blackwell Enid A Texas Ry
12.75
1-73,000
Red River Texas A Southern Ry
815.000
400,000
57.53
a Substantially the entlrp Issue,
x Issued for extension from Brownwood
to Brady Tex. (entire amount); total length of
road, 195.88 miles, balance
of Issue”, $2,923,000, being in hands of public.
Ozark A Cherokee Central and St. Louis Memphis A S. F guaranteed
bonds, see V. 78, p. 2335, 1908; Rock Island Frisco Term. 5s, V. 84, p. 571,
_
__
ST. LOUIS A SAN FRANCISCO RR.— {See Maps, pages
116, 117.)—As
■hown by the maos, the system embraces:
(*See this Co.)
Lines owned—
Miles. \
Trackaae—
Miles.
St. Louis, Mo., to Okla.. O. T._
543 Knoche Jet. to Kansas Clty.._
Sprlnglleld, Mo., to Knocbe Jet.
Leased and controlled by stock—
(Kan. City), Mo
189 K. C. Ft. S. A M. and trackage* 916
Monett, Mo., to Red River
286 Kan. City Mem. A BIrm
286
Oklahoma, O. T., to Red Rlv._
175
Operated independently—
Fort Worth A Rio Grande
Sapulpa, Ind. T., to Denison,
196
Tex
193 Paris A Great Northern
17
Peirce City, Mo., to Ellsworth,
St. L. San. Fran. A Tex. Ry.
Kan
324
(Incl. 31 miles track to Fort
Hope, Ark., to Ardmore. T. T._ 224
Worth)
125
Beaumont. Kan., to Red River 318 St. Louis Memphis A S. E.*
665
Fayetteville, Ark., to Okmul¬
Chicago & Eastern Illinois*
-947
gee,jl. T
Tulsa. I. T,, to Avard, O. T
Branches In Missouri, Kansas
-and Arkansas. Ac
144
175
Total June 30 ’06 (Including
258 miles trackage)
6,006
281 Evansville A Terre Haute
331
I Birm. Belt RR. (V. 75. p. 1148>
21
Also owns lolntly with Atchison, the Kan. So. Western Ry., 59 miles.
Owns the Colorado Southern New Orleans A Pacific RR., which Is build¬
ing a road from Baton Rouge, La., through Beaumont to Houston, Tex.,
and has trackage rights from Baton Rouge to New Orleans; to be
completed
by June 1907.
The Rock Island Interests also acquired a half-interest in the
Trinity A Brazos Valley Ry.. owning a line from Cleburne to Mexla, Tex.,
with extension completed early In 1907 from Mexla to Houston, and branch
to Waxahachle, with trackage rights to Dallas, Fort Worth and
Galveston.
These lines give the allied Interests extensions from Fort Worth and Dallas
to Galveston, Houston and New Orleans.
V. 82. p. 87; V. 84. p. 340, 509.
The ‘Frisco Oklahoma A Texas will build a branch from Oklahoma
City,
O. T., to Cornish, I. T.. about loo miles.
ORGANIZATION. — Organized June 30 1896 to succeed to the
property
and franch'ses or the Railway co. sold In foreclosure and recr.
per plan In V.
62, p. 829 and 1140—see also p. 742.
The system then was about 1,500 m.
In May 1903 the Rock island Co. acquired $28,904,300 of the
$29,000,000
common stock, the latter receiving
(per $100) $60 In common stock of the
Rock Island Co. and $60 In 5% gold bonds of 1913 of the
Chicago Rock
Island A Pacific RR.
See those companies, V. 76, p. 1086. 1249.
In 1902 Birmingham Belt RR. (V. 75, p. 1148). 21 miles of track around
Birmingham, Ala., was purchased; also the St. Louis San Fran. A New
Orleans Ry., Hope, Ark., to Ardmore, Ind. Ter., 224 miles,
completed In
Jan. 1904.
V. 74, p. 1197; V. 75, p. 75, 343.
t.-The entire stock of the St. Louis Memphis A Southeastern RR. was ac¬
quired In Nov. 1902.
See separate statement and V. 75, p. 1087, 1148.
The New Orleans Terminal Co. was organized Jointly by the
St. Louis A
San Francisco and Southern Ry. systems, and Issued 4 % gold bonds
(pres¬
ent amount $ 10,000,000), which are guaranteed Jointly
by the St. L. A
S. F. and the Southern Ry.
V. 77, p. 38; V. 76, p. 1144.
Rock IslandFrlsco Term. Ry. (St. Louis), see V. 82, p. 930; V. 84, p. 749.
In May 1901 acquired over 90% of the stock of the Ft
Worth A Rio
Grande Ry. (now Fort Worth to Brady, 195 miles),
in Feb. 1907 it was
proposed to consol.date controlled lines, aggregating 760 miles. V. 84, p. 340.
STOCK —Common stock Issued. $30,808,000. of which $1,808,000 held
In treasury.
The company reserves the right at any time to redeem either
or both classes of preferred stock at par In cash.
Provisions of preferred
certificates were in “Supplement” of April 1897, p. 6.
.
DIVIDENDS.—
F'rst preferred
Second preferred
’97. ‘98. ’99. '00. ’01. '02. to ’05. ’06.
1907.
2
4% per annum.
4 Incl Apr,2%
1
2
2
3 k
4 yearly.
o
In Feb. 1906 the dividend on the second pref. was
passed. V. 82, p. 335.
STOCK TRUST CERTIFICATES.—Kansas
City Ft. Scott A Memphis
Ry., Kansas City to Memphis. Tenn., with branches, 871 m., was acquired
In 1901; Its entire stock is owned and road leased for lnt.
bonds and 4 %
on
pref. stock trust certs, (see above table), the new ref. bonds being guar.,
p. A 1. See K. C. Ft. S. A M. In this Issue and V. 72. p. 438, 532, 581
1238.
In July 1905 all of the $7,217,800 common and $6,211,700 of the
$8,830,700 pref. Chicago A East. Ill. RR. stock had been
acquired, the St. L. A
S. F. giving in exchange Its stock trust certfs. at the rate of
$100 for each
$100 share upon which 10% and 6% dlvs., respectively, are paid. In 1905
the holders of a majority of the com. stk. trust ctfs.,
preferring to have a
security redeemable at par Instead of at the rate of $250, exchanged their
certfs. for a new form In the denomination of $1,000 each,
representing the
deposit of four shares of stock.
Int. on tl ese latter certfs. Is payable at
the rate of 4 % per annum, so that both the Income and
prin. are unchanged
—only form of security being changed. (See form. V. 80, p. 1857.) See Chi
A E. Ill. on a preceding page and V. 75. p. 291,393,
1031; V. 81, p. 1551.
REFUNDING 4 PER CENTS OF 1901
(V. 77, p. 2391; V. 83, p 752)
Authorized.
Issued.
1. To retire underlying bonds
$62,500,000 o$44,972.600
2. For Improvements, betterments, new
equip¬
ment, Ac., at $1,000,000 per year
6,000,000
6.000,000
3. Additional lines, extensions, Ac., at cost
xlfl,500.000
12,604,400
on
,
o
Total
To retire
$85,000,000 *$63,577,000
$38,390,000 underlying bonds mentioned below,
x
At not
750; also those companies.
The $3,357,000 Series I and $3,300,000 Series lv car trusts are guaran¬
teed, prin. and int., by the Amer. Car A Foundry Co.
V. 84, p. 391.
In
Meh. 19<)7 4,500 freight cars Terc ordered, to cost about $5,500,000, equip¬
ment notes to be Issued therefor.
V. 84, p. 627.
.
COLLATERAL TRUST GOLD NOTES.
Of the $9,160,000 of 5 year 4k
% gold note* of Dec. 1903, $7,125 000
Issuable, per plan V. 77, p 2281. to acquire the entire ($1,060,000) out¬
standing prer. stock of the St. Louis San Fran. A New Orleans RR., ex¬
tending from Hope, Ark., to Ardmore, I. T., 224 m., with proposed Platte
cut-otr. 9 m., and the St. Louis San Fran. A New Orleans extension coll,
tr. 4s, the latter being secured by all the Issued 1st M. bonds ($6,487,000)
and all the $6.021.000 outstanding com. stock of the St. L. S. F. A N. O.RR.
The gold notes Issued are thus virtually secured by a first lien on the St. L.
S. F. AN. O. RR.
The remaining $2,035,000 notes are reserved against
deposit of additional ext. bonds hereafter Issued at rate of $900 notes to
$1,000 extension bonds.
The whole or not less than $250,000 may be
are
caller! on 30 davs’ notice.
The $5,000,000 2>$-yr. notes were paid Dec. 1 ’06. V. 83,
p. 1291.
The 4 }4% notes of 1905 ($4,500,000 authorized Issue) are secured by
the entire $4,500,000 Arkansas Valley A Western bonds and $4,500,000
stock.
Of the notes, $4,000,000 were sold, balance reserved until that
amount-Is expended on Ark. V. A W.
V. 80, p. 601.
The $7,500,000 5% notes of 1906 will be secured by $8,500,000 first mort.
bonds of Col. So. New Orl. A P., and Its entire stock.
V.82,p. 871. 988
LATEST EARNINGS.— 1 1906-07..Gross, $32,746,373; net,$11.169,025
July 1 to Feb. 28. J1905-06. Gross, 28,580,711; net,
9.631.961
For 6 mos. ending Dec. 31 1906, net, $6,966,880, against $6,212,300 In
1005; other Income, $116,096; charges and taxes, $4,939,702; bnl., sur.,
8
mos,,
_
$2,143,184.
ANNUAL REPORT.—Report for the year ending June 30 1900,
showing
operations of system, comparison being made with same lines for preceding
years, was given in V. 83, p. 747, 763; see also editorial, V. 83, p. 726.
Year ended June 30—
1906.
5.069
Average miles
Freight earnings
1905.
5,030
1904.
4,217
Miscellaneous
.$21,955,975 $20,111,455 $18,776,231
7.908,644
7,647,578
5,982,083
678.726
704,415
620,320
871 .837
882,232
762,469
595.389
648,644
755,627
Other Income.
Dividend on C. A E. Ill. stock
.$32,046,657 $29,958,240 $26,896,731
11,501,123
10,661,223
9,140,479
59,695
Jf
.) 1,632,660
832,113] |
823,418
Passenger earnlugs
i
Mall
Express
.
Total net Income
Taxes
.$13,133,783 $11,493,336 $10,023,592
$943,559
$702,750
$848,696
8,246,206
8,015,929
6,473,559
540,400
540,400
540,400
78,534
certs..
1,094,482
1,064,182
964,702
first preferred, 4%
199,742
199,742
199,742
second preferred, 4%
(2)320,000
640,000
640,000
*
Interest, rentals, Ac..
Dividend K. C. Ft. S. AM
Improvements, Ac..
Dividend C. A E. Ill. stock tr.
Dividend
Dividend
on
on
Balance, surplus
-
.
.
..
_.n$l ,789,394
$184,386
$423,896
In 1905-06 the Chicago A Eastern Illinois had a surplus after payment
dividends of $37,692, making total surplus of system for year $1,827,086.
a
of
OFFICERS—Chairman of Board, D. G. Reid; Pres., A. J. Davidson;
Vlce-Pres. and Gen. Mgr., W. C. Nixon; 2nd V.-P., C. R. Gray; Sec. and
Treas., Frank H. Hamilton; Comp., C. W. Hillard. N. Y. office, 115 B’way.
DIRECTORS—(Oct. 1906) B. F. Yoakum. D. G. Reid. F. L. lllne
W. H. Moore, C. W. Hillard, of New York; Nathaniel
Thayer, BenJ. P
Cheney, of Boston, Mass.; H. C. Pierce. A. J. Davidson Wm. K. Blxby
a d James Campbell, St. Louis;
Robert H. Mather and J. H. Moore, Chi-
->» u* «■.
j**Hm*%u*t»* ***antttn»* **
tta^< f*». >
Heavy lines indicate flrfual!
Coal and
*
Q
•
f
MAP OF THE
Cok^Tffarkets. j ^
_
L«ad.viilen
V.<5
S
7 / A
_
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ST.
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CTON
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128
RAILWAY STOCKS AND BONDS.
RAILROADS.
INTEREST OR- DIVIDENDS.
—
For
explanation of column fundings, <fcc.,
on first page of tables.
see notes
Miles
Date
of
of
Size,
Road. Bonds.
St Louis Southwestern—Common stock $35 OUO.000._ I
Preferred stock 5 % non-cumulatlve 520,000,000__.j
First mortgage certs ($16,500 per mile) gold_.Ce,c*
Par
Value.
1
500
$ & £
1,000
1,000
1,000
1,000
1,000
.
1,000
1,000
..
1 ,000
1 ,00<>
1 000
1 ,000
1,000
1.000
1.000
Bal.
over
all payments.
$566,635
See text
'
565,000
1
1
1
1
2
1930
1944
1913
1918
J
J
&
&
1
1943
1
1918
5 g
J
&
J Central Trust Co, N Y
Jan
J 1 % paid In 1901-1902.
July
!
J 25 Broad, NY; & Frank’t Jan
1
1919
5 g
jA
&
O San Francisco A N Y
4g
J
J
|J
M
&
&
A
&
&
&
A
A
jM
&
J Equitable Tr Co, N Y
July
J:New York
1923
J New York
,1921
D Pittsburgh. Pa
Dec
S Mercantile Trust Co, N Y Sept
J 5 Nassau Street, N Y
July
O Central Trust Co, N Y
April
S USMtge & Trust Co. NY Mar
Mar
S
do
do
J
A
250,000;
4
5
5
5
5
5
5
300.000
8,000,000;
$1,000
1,000 Ac
$185,000
600,000
$1 ,043,822
$538,408
$564 ,375
,297,200
130,460
51,228
Edwin Gould; Vice -President £ind General
H. Britton; Treats., G. K. Warner.
Directors.—Edwin Gould, New York; R. M. Gallaway, Howard Gould,
Winslow S. Pierce, William H. Taylor and E. T. Jeffery, New York;
Murray Carleton. J-. H. Britton and Tom Randolph, St. Louis.
Office, 195 Broadway. N. Y.—(V. 83. p. 273, 814, 819.)
ST. LOUIS TROY A EASTERN RR.—East St. Louis, III., to Troy, Ill.,
with branch, 1 mile, to Donkvllle, Ill.: total, 20 miles of road (27 'A miles of
track).
Stock, $350,000, all outstanding; par of shares, $100.
For
year ending June 30 1906, gross, $188,589; net, $22,371; other Income,
$12,947; to’a! deductions, $28,998; dividends, $87,000.
Car tru-'ts June JO1906, $33,050; loans and bills payable, $101,338.
Pres., Edwin H. Con
rades; Sec. and Tr»-as., Win. V. Gould.
Office, 314 N. 4th St., St. Louis,
Mo. -(V. 80. p. 473.)
ST. LOUIS WATKINS & GULF R Y.—Lake Charles to Alexandria, La.,
miles, with two branches 3 miles.
See V. 74, p. 630, 681.
Stock auth.,
$1,225,000; Issued,
$993,360; par of shares, $20.
Bonds authorized,
$1,225,000; piesent Issue, $983,360, consisting of $500,000 in $500 bonds
and £100,700 In £100 bonds, valued at $4.87 per £.
The St. Louis iron
Mountain A Southern (Mo. Pacific System) In 1905 acquired control.
Year ending June 30 1906, gross, $298,332; net, $144,643; other In¬
come, $8,869; charges, $63,851: bal., sur., $89,661.
President, Geo. J.
Gould,— (V. 81, p. 508.)
ST. RAUL-—See Chicago Milwaukee A St. Paul.
ST. RAUL EASTERN GRAND TRUNK R Y — (See Map Chicago A N.
W.)
—Owns from Oconto to CUntonvlJle, Wls., 56 miles
Leased Oct. 30 1884
lor 99 years to Milwaukee I^akr Shore A Western.
Rental 30 % of gross
earnings. Interest on bonds being guaranteed.
Lease acquired Aug. 16
1893 by Chicago A North West, through purchase of MUw.Lake Sh
A W.
(THE) ST. RAUL UNION DEPOT CO—Owns Union Passenger Station
with 8.76 iulh's of t’ack. the stock being owned'equally by;
-Great Northern, Northern Pacific. Chic St Paul Minn. 6c Omaha, Chic.
4 g
•2.000,000
4,940,000!
2,964,000
375,000
1,000,000
900,000
O FF1C E RS. •— Pr esid en t,
985,000
1,000
Manager, F.
98
See text. '
3,829,000
1,000
1,000
58 .320
130,420
.
J Office C A N W. 52 Wall Jan
N Central Trust Co, N Y
May
N Northwestern Trust Co
May
J Salt Lake City
Jan
N;
May
J New York and London
Jan
1
1955
1924
1930
1913
■
Fe.
161 .750
1
&
A
A
&
A
6 g
$2,022,41 1
$2,205,014
218,195
J
M
g
g
4 g A 5g M
6 g
J
5 g
M
550.000
$2,227,888
$2,304,357
174 .51 5
1 ,304,600
130,460
25,000
131.414
1 ,373,076
&
4 g
.
.
J
17,544,000
_
.
&
A
A
100
,
.
J
F
J
g
g
1,000
Ac
1932
&
300.000
250.000
i.ooo ooo
500
D Bowling Gr Trust Co, NY June 1
A St Louis, Mo
Aug 1
D Miss Val Tr Co. St Louis Dec 1
J
5
5
5
6
6
1.120,000
250,000
250,000
1989
1989
1947
&
5g
4 g
:
Nov 1
J Mercantile Trust Co, N Y Nov 1
D N Y. B Gr Tr & St L
Dec 1
1956
J
500.000^
500,000
983,360
Bonds—Princi¬
pal. When Due.
Stocks—Last
Dividend.
MAN Central Trust Co, N Y
g
4
5 g
18,122,750
350,000
ORGANIZATION.—Reorganization per plan In V. 50, p. 141, 501, of
St. Louis Arkansas A Texas, sold In foreclosure In October. 1890.
BONDS —The first mortgage certificates are Issued against a like amount
of first mortgage bonds secured upon the constituent lines at a rate not
exceeding $16,500 per mile, arid the second mtge. certlllcates against
•econd mtge. bonds at $8,250 per mile.
The first consols of 1902 (authorized Issue $25,000,000) are secured by
all the property of the company, subject to the prior outstanding bonds.
Of 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 mtge. Income bonds (of which $6,739,500 had been acquired In July, 1906), and the remaining $10,000,000 for
the acquisition of branch lines at not over $20,000 per mile, acquisition
and Improvements.
(V. 75. p. 136.)
See V. 74, p. 328, 578, 639, 831;
V. 75. p. 790; V. 77, p. 2160; V. 79, p. 2148; V, 80, p. 473, 872. Equip¬
ment trust notes In hands of public June 30 1906, $193,000.
Gray’s Point Terminal guaranty of 1st 5s In V. 69, p. 1062.
St. Louis
So. W. owns ail stock and leases road for fifty years.
(V. 65, p. 413.)
The stockholders voted Oct. 1906 to guarantee not exceeding $4,000,000
Gray’s Point Terminal Hv, first refunding, and extension 50-year gold 5s
and a lease for 50 years from Aug. 1 1906.
V. 83, p. 273, 819, 890.
The Shreveport Bridge <5c Terminal (Jo., which is controlled. Is leased for
50 years from Aug. 1 1905, its $500,000 bonds ($350,000 issued)
being
guaranteed.
V. 81
p. 1097, 1 101;
V. 82, p. 753; V. 83. p. 815.
EARNINGS
—8 inos.1906-07. _Gross, $7,089,056; net, $2,354,992.
1
July 1 to Feb. 28.
1905-00
Gross, 6,019,126; net,
1,621,334.
ANNUAL REPORT.—Annual meeting is held at St. Louis, Mo., on the
first Tuesday in October.
Year ending June 30 —
1 906.
1905.
1904,
1903.
Gross earnings
$8,989,564
$8,860,231
$7,049,485
$7,278,575
Operating expenses
6,699,444
6,219,373
5,421,597
5,256,164
$2,640,858
$2,823,833
4
3,260.500
500
LXXX1V.
;
20,000,000,
,000
Where Payable, and by
Whom.
Payable.
See text.
1
When
16.356,100
19.893,650
Ac
f.ooo
St.
Louis
Southwestern Ry
Co.)St Louis Southw. Ry. Co. of Texas.
Main Line—Delta to Texark.
412.4 Main Line—Texark. to Gatsv. 304.9
Illinois Division (trackage)
138.2 Fort Worth Branch.
154.8
Cairo branch.
57.9 Dallas Branch
13.7
New Madrid Branch
5.2 Sherman Branch
52.3
Grays Point Term. Ry. (leased)
16.4 1 Hillsboro Branch
40.0
Stuttgart Branch
34.8 j Lufkin Branch
115.4
Little Rock Branch
44.4 |
Shreveport Branch
61.2 j
Total of all operated mileage June 50 1906
1 451.6
Also has St. Louis Iron Mountain & Southern trackage, not Included In
operating accounts, viz.: St. Louis to Bismarck, Mo., 75.4 miles; Bis¬
marck, Mo., to Delta, 74 miles; Memphis, Tenn., to Fair Oaks, Ark., 60
miles, making the total lines 1,651 miles.
V. 77, p. 90.
Of the 1.307
miles main track, 9 are laid with 85-lb., 708 with 75-lb., 30 with 70-lb., 519
with 56 lb. and rest with 35 and 60-lb. steel rails.
Eastern Texas RR., Lufkin to Kennard, 30 miles, was acquired Sept.
1906;
V. 83, p. 815.
Extension Monterey to Warsaw opened Feb. 1907.
..
Rate
Outstanding
1,000
LOUIS SAN FRANCISCO & TEXAS I.Y.—V. 79. p. 2148.)
LOUIS SOUTHWESTERN RY.—(See Map.)
Embraces:
Net earnings.
$2,290,120
Total net, inch other Inc. $2 ,452.707
Taxes
248,178
Int. on 1 st A eons, rntges. 1,4 76.260
Jnt. orj 2d mtge. bonds
130,420
Equipment payments
Rentals, Ac
31 ,213
Amount
1,000
cago.
Executive Committee, B. F. Yoakum (Chairman), James Campbell,
F. L. Hine, Robert Mather. James H. Moore. William H. Moore and Daniel
G. Reid. — (V. 83. p. 1591; V. 84. p. 340, 391, o<)9, 571, 627, 750.)
ST
or
100
100
1,223 1800
Second M 4% Inc $10,000,000 non-cum gold_Me.c*
1,223 1801
Gray’s Pt Term’l, 1st M, gu, p & 1_ g.SSt
c&r
16 1897
First refunding arid extension M $4 ,000.000 gold
1906
First consolidated mortgage $25,000,000 g
B.c*Ar 1,271 1902
Shreveport Bdge A Term 1st M $500 000 g gu pAl_
1905
St Louis Troy & Eastern—First M $500.000
AC
1904
St Louis Walk & Gulf—1st M $1.225.000 gold & £__F
101
1902
St Paul Eastern Grand Trunk—1st M gold lnt guar. -C*
56 1883
St Paul Union Depot—First M gold Interest as rental
•
1880
Consol M gold ($ 100,000 are 4s) interest as rental.
_j
1894
Salt Lake & Los Angeles—First mortgage gold._ Mo.c
15
1893
Salt Lake & Mercur—First mortgage $300,000 gold.B
12
1898
San Antonio & Aransas Pass—Stock.
First M $21,600,000 gold guar p & i(end) ..Ce.c’&r
723
1893
San Diego Cuynmaca & Eastern Ry—1st M gold..Me
25 1888
San Francisco Idaho & Montana—1st M $5,000,000 g
San Francisco & Nor Pacific—1st M gold s f.Me c*Ar
165
1889
Cal Northw 1st M $2,000,000 gold guar p A 1 sink fd
60 1898
San Francisco & San Joaquin Valley—See Atclllson To pekaA Santa
San Pedro Los Ang & S Lake—1st M $50,000,000 gEq
1903
San Pete Valley—First mortgage gold
1894
_!
Second mortgage..
1895
F
Santa Fe Central—First mortgage $2,500,000 g. PPi.c*
1901
117
Santa Fe Prescott & Phoenix—1st M $5.000.000 gMec*
198 1892
Second mortgage gold
.Ce
198
1893
Prescott A Eastern 1st M $375,000 p & I guar..Ce
1898
261^
Santa Fe Raton & Des Moines—1st M gold
1906
41
Usm.c
Santa Fe Raton & Eastern—1st M g guar p & 1. Usm.c
1905
16
SantaFeLiberal&Englew— lstMg$8 ,000 ,000auth. Usm
1906
Saranac & Lake Placid—See Chateaugay A Lake Pla cid
Sault Ste Marie Bridge—1st M gold s f drawn at 110. _c
1
1887
Savannah Florida & Western—See Atlantic Coast Line RR
Sav & Statesboro—1st M $500,000 guar p & 1 (end) _c*
33 1903
Savannah Union Station Co—1st M $600,000 g_Mo._ r
1902
Schenectady & Duanesburg—See Delaware & Hudson Co.
ST
[VOL.
iJ
g
g
g
M
!J
jA
g
g
5 g
J
do
April 1 1928
1
1953
1
1941
1 1942
1
1
1943
1928
1
1936
1
1935
J July 1 1936
do
5 g
[J
A
J 44 Wall Street, New York July 1 1937
ill
!
5 g
4 g
J
A
&
A
J Savannah Trust Co
O Standard Trust Co
1
1953
N Y April 1
1952
Jan
Mil. a St. Paul, Chic. Great Western, Chic. Bur. A Quincv, Minn. St.
Paul A S. Ste. Marie, Minn. & St. Louis and the Chic R. I. & Pac.
Authorized stock, $1,000,000.
Rental covers Interest on bonds and
4 % on stock since May 1 1901; from 1881 to May 1901 6 % dividends were
paid.
Year ending Dec. 31 1906, gross, $207,524; net, $15,939; other
Income, $46,910; lnt. on bonds, $26,500; dividends, $36,349.
Pres.,W. L.
Darling; Vice-Pres., S. C.Stickney; Sec., W. G. Johnson.—(V. 74, p. 1090.)
SALT
LAKE
&
LOS
ANGELES RR.—Road from Salt Lake to Saltalr
Beach, Utah, 15 miles, standard gauge—see V. 65, p. 824. Stock, $300,000
owned Dec. 1906 by J. E. Langford and Joseph Nelson of Salt Lake.
Year ending April 15 1905, gross, $73,000; net, $30,000. —
(V.83.p. 1472.)
SALT LAKE & MERCUR RR.—Fairfield to Mercur.
12H miles. Stock,
$300,000; par of shares $100.
Bonds, see table.
Calendar year 1903
gross, $67,605; net over taxes $27,275.
President, L. L. Nunn, Telluride
Col.
(V. 77, p. 770; V. 79. p. 1024.)
was
SAN ANTONIO & ARANSAS PASS RY.—Owns from Kerrville to Hous¬
ton, 308 miles; Kenedy to Corpus Christl, Tex., 90 miles; Yoakum to Waco,
171 miles; Skidmore to Alice, 43 miles; Shiner to Lockhart, 54
miles.;
Gregory to Rockport, 21 miles; Alice to Falfurrlas, 36 miles; total, June 30
1906
723 miles
all 50-lb. steel.
HISTORY.—Reorganized without foreclosure sale In 1893.
BONDS.—Mortgage Is for $21,600,000 (trustee. Central Trust Co.) and
the So. Pacific Co. by endorsement on each bond guarantees uncondition¬
ally “the punctual payment of the principal and Interest.”
Bonds for
$2,700,000 reserved for extensions, limited to 100 miles at $27,000 per
mile, equiDDed.
See full abstract of mtge. In V. 56, p. 540.
Car trusts
June 30 1906, $94,872.
Notes held by Southern Pacific Co. June 30 1906,
$3,898,000, due July 1 1920, bearing Interest (non-cumulatlve) at such rate,
not over 4%, as net earnings over betterments
may suffice to pay; total
bills payable, $5,169,845.
V. 81, p. 1733.
In 1903-04 (under order of the Texas
Railroad Commission) canceled
$1,356,000 of the outstanding $18,900,000 bonds, reduced the stock to
$1,000,000, and separated the management from the Southern Pacific.
V. 77. p. 90. 148 401. 452, 2340; V. 78, p. 2600; V. 82, p. 453.
ANNUAL REPORT.—For year ending June 30 1906, gross, $3,163,961;
net, $1,295,564; lnt. on bonds, &c., $857,121: balance, surplus for vear,
$438,443.
In 1904-05, gross, $2,031,313; net. $763,024.
Directors. V. 77
p. 625).
President, W. H. McIntyre, New York; Vice-Pres. and Gen. Mgr.
W. M. Hobbs. —(V. 82. p. 453.)
SAN FRANCISCO IDAHO & MONTANA
RY.—Projected from San
Francisco northerly through Nevada, Oregon and Idaho, via Boise,to Butte.
Mont., about 1,000 miles, with a connecting line from Caldwell, Ida., to
Wlnnemucca, Nev., about 200 miles.
Construction Is expected to begin
about March 1907. V. 82,
p. 930; V. 83, p. 1230.
Stock authorized,
$50,000,000.
Stockholders on Jan. 2 1906 authorized an issueof $5,000,ooo bonds, of which $1,500,000 reported to be under
option of purchase.
V. 82, p. 101.
President, Donald Grant, Faribault, Minn.; V.-P., V. G.
Price, Elkader, la.; See., E. E Springer, Caldwell. Ida.;
Meyer, Hamilton Nat. Bank, Chicago.—(V. 83, p. 1230.)
SAN
FRANCISCO
A
SAN
PEDRO
ANGELES &
Trcas.,
Henry
NORTH PACIFIC RY.—Point Tlburon, Cal., to
Uklah, Cal., 106m., and branches, 71 m., of which 3 m. leased.
Consoli¬
dation Mar. 19 1889.
Has steamer connection (6 m.) with San Francisco.
Leased to Cal. A Nortlnv. Ry.
T4ic S. F. A N. P. guar. $2,ono,oon Cal. 6c
Nor. 5% bonds, to be Issued at $25.ooo per mile.
V. 67, p. 370, 688. 788
In Jan. 1907 the road, with the Cal. & N. W. and other roads, was taken
over by the Northwestern Paellic RR., which sec.
Stock, $6,ooo,ooo.
BONDS. — Issued at $25,ooo per mile; sinking fund, $25,non
yearly:
bonds drawn at 110 and Interest.
(Mtge. abstract. V. 49, p. 241.)
ANNUAL REPORT. — Report for 1905-06 in V. 81, p. 1169, showed:
Gross, $1,433,656; net, $551,876; charges, $265,864; bal., sur., $286,012.
J u 190 1 05, gross, $1 ,373.759; net, $4 16,551 .—( V. HI. p. 104.)
LOS
SALT
LAKE
RY.—(See Map
Union
Pacific.)—Completed In April 1905 from Salt Lake City, Utah, to San Pedro,
on the Pacific coast, 806 in
of main line, with branches, aggregating In all
1,029 m., the Los Angeles Term. Ry., 51 in., being acquired, ami merged
about April 1 1901 as a part of the new line.
The portion from Daggett to
Riverside, 90 m
Is (temporarily) trackage over Ateh. Top. A S. Fe.
In
June 1906 steamship connection from San Pedro via Hawaiian Islands to
China, Japan and Manila was opened.
V. 81, p. 1551; V. 82, p. 1323.
On July 7 1903 purchased portion or Oregon Short Line (lln. Pac. sys.)
forming part of the road above shown, the Ore. Short Line acquiring a half
Interest In the property
The Salt Lake City terminals are leasea for 99
years.
V. 76. p. 920, 1 193, 1356; V. 77, p. 38, 148, 695; V. 78. p. 1393;
V. 79, p 1024.
Las Vegas A Tonopah RR., allied road, under construction
from Las Vegas, Nev., to Tonopah, 215 miles, of which 125 miles
operated
,
Dee. 1906.
V. 8]
1 175.
n.
Stock authorized, $25,000,000; all Issued.
BONDS —Of the 4s fit 1903 ($50,(9)0,(100 authorized Issue- Eoultable Tr
Co. of N
Y., trustee), $ lo ,ooo,ooo have been Issued (none sold March 1 !)U7)
balance reserved for future requirements.
V. 77, p. 38. no.
EARNINGS. -For calendar year 1906, gross, $1,800,139; net, $l,35o,185; deductions, $185,234; balance, $ l*. 1 64,961
See V. 81, p. 964.
Pres., VV. A. Clark; Sec., W. H, Comstock; 'I rens., W. II. Leete.
New
directors, l'eb. 1906, V. 82, p. 281. -(V. 82, p. 1323; V. 8 1, p. 69 1.)
SAN PETE VALLEY MY.— Nephl, (’tab
to Morrison, 51 in., t.marry
Branch (opened Aug. !899>, Nephl to Cooper, Utah, 5 in.; total, 50 miles.
Stork, $510,000; par of shares, $100.
Year ending June 30 1906, gross,
$27,811; det. under oper. exp., $11,370.
John W in. Young, Gen. Mgr
Salt Lake City, Utah.
,
.
,
SANTA FE CENTRAL RY.—Owns from Santa
Fe, N. M.. south to Tor¬
117 in., opened Jan. 1, 1905.
Branch from Morlarlty Jet. to Albu¬
querque, N. M., 47 in., under name of Albuquerque & East. Ry., was under
construction In Jan. 1907.
In Mar. 1906 C. W. ft, E. It. Tallmadge of Chi¬
cago. It was understood, arranged to acquire the road.
V. 82, p. 569.
The
Alb. A East, has made a mtge. to.the Pitts. Tr. Co., as trustee.
Other
allied lines,
see
V. 80.
p. 221.
Stock. $2.500,000. all outstanding.
For year ending June 30 19u6, gross, $108,638; net,' $27,6 15.
rance,
Sr?.'"
Apr., 1907.]
RAILWAY STOCKS AND BONDS
129
130
RAILWAY STOCKS AND BONDS
RAILROADS.
explanation of column headings, &c.,
on
first page of tables.
Miles
zee notes
Schuylkill & Juniata—See Pennsylvania RR.
Schuylkill & Lehigh—First M guar by Reading Co
Schuylkill Valley Navigation & RR—Stock
Seaboard Co—Common stock
$36,000,000
First pref stock 5% $18,000,000 convertible
(text)
Second pref 6% non-cum
$18,000,000 red (text)._i
Seaboard Air Line Ry—
First M $75,000,000 gold (see text)
CoBa cAr!
Coll trust ref M gold $10,000,000 red at
105..Ce c*
of
| Dater I Size
of
Road. Bonds..
44
1898
INTEREST OR DIVIDENDS.
or
Par
Amount
Value.
Outstanding
t
(VOL.
$1,000
$600,000
50
100
100
100
576.050
i
28.545.775
Rate
When
%
Payable.
4
5
M
J
A
A
Where
j
Payable, and by
Whom
N Phila A Read RR, Phila May 1 1948
J Reading Terminal, Phila Jan 13’07
2K
text. See text. Checks mailed.
Jan 15
W. H. Andrews; Sec. and
Treas., W. C. Hagan, Arrott Bldg., Pitts¬
burgh, Pa.—(V. 82, p. 569.)
SANTA FE PRESCOTT A PHOENIX
RY.— (.See Map Atchison Topeka
A Santa Fe.)—Owns Ash
Fork, via Prescott, to Phoenix, Arlz.. 195 in.;
opened In Mch. 1895; branches, 84 m.
P. A E. Jet. to Mayer, Arlz.. 26.4
m.. built under charter of Pres. &
East., Is leased for 99 years and its $375,OOO
bonds guaranteed.
Stock, $7,903,000.
The road Is tax exempt by legislative enactment for
The Atch. Top. & S. Fe took
possession Nov. 8 1901,
of the 2nd mtge. bonds and all of the stock,
and tne road has been
operated as a part of the Atch. T. & S. Fe system
since July 1 1906.
Year—
Gross.
Net.
Deductions. Bal.,sur.
1905-06
20 years from 1891.
having acquired $2,963,000
$1,405,427
$740,384
$666,618
—(V. 73, p. 781, 844, 900, 954; V. 75,
p. 667; V. 77, p. 90.)
$73,766
SANTA FE RATON A DES MOINES
RR.—(See Map.)—To extend from
Carlsbrook, at a connection with the Santa Fe Raton
A Eastern RR.,
4 miles from Raton, N.
M., on the main line of the Atch. Top. A S. Fe
Ry., to Des Moines, N. M., on the Col. A South.
Ry., 41 miles.
It has
leased for 99 years the S. Fe Raton A East.
RR., guaranteeing principal and
Interest of Its bonds and 5% on Its stock. Total
mlleaee. 57 miles.
Stock,
$1,000,000.
Leased for 99 years to Santa Fe Liberal A
Englewood RR.,
which see.—(V. 83, p. 970.)
4
5
4
5
A
M
M
M
F
F
g
g
g
g
5 g
4H
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5 g
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5g
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A
A
A
A
A
A
A
A
A
A
A
O 24
N
Broad Street, N Y
S
s
do
do
do
1,000,000
4
6
6
5
5
5
5
5
5
5
6
5
5
6
5
6
J
M
A
J
J
J
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J
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M
J
£
£
£
£
£
£
£
£
g
g
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
April 1 1950
do
do
do
May
May
May
A
1
1
1
Feb.
A
do
do
.
do
do
1911
1933
1911
1
1937
Aug ’07-Feb ’12
J
July’06-Apr ’13
D
June ’07-Junel4
O 24 Broad Street, N Y
July’07-Apr ’15
D
do
do
June ’07-Dec ’15
D New York
,June’07-June’16
S New York Trust Co. N Y
Sep ’07-Sep ’16
J
N
O
J
J
J
O
J
D
J
J
J
J
A
N
J|
l
do
do
Jan
1
Merc. Tr A Dep Co, Balt Nov 1
do
do
1917
24 Broad Street, N Y
July 1
do
do
Jan
1
do
do
Jan
24 Broad St, N Y, or Balt April
24 Broad Street, N Y
Oct
do
do
Dec
/Balt Trust A Guar Co / July
land 24 Broad St, N Yj Jan
Balt Tr A Guar Co
Jan
24 Broad Street, N Y
July
Checks mailed
After
Phila A Read RR, Phila May
do
do
July
1
1
1
1
1949
1928
1918
1930
1943
1941
1945
1948
1
1929
1
1
1926
1947
1 1926
July 1910
1 1912
1 1925
In July 1905 over 82 H % of the Seaboard A. L. stock had been
ac¬
quired In exchange for stock of Seaboard Co. (See terms under
Ry. Co.)
Of the new stock, $10,375,000 1st
pref., $76,650 2d prer. and $553,070
com. above the amounts Issuable In
exchange for Seaboard Air Line Ry.
stocks was to be available
power.
for the
new
company.
DIVIDENDS.—On 1st pref., 2H% paid July 15 1906; Jan.
15. 1907,
V. 83, p.156.
2 Vi %.
SEABOARD aIR LINE RV.—(See Map.)—This
company owns a line
from Richmond, Va.. to Atlanta. Ga., and
Tampa, Fla., Ac., viz.:
Lines owned in fee—
Miles.
Proprietary Lines.
Miles.
Richmond,Va ,to Savannah, Ga.502 Portsmouth ,Va. .to Weldon. N.C.
81
Wilmington, N. C.. to Atlanta,
Starke to Suwanee River, Fla._
58
Ga
437 State Line to Lewiston, N.C
32
Savannah, Ga.. to Montgomery,
Atlanta
A
Blrm.
Air
Line,
Ala.
(58 miles trackage de
Howells, Ga., to
Birming¬
ducted)
280
Ala.
ham,
(Including
34
Savannah, Ga., to Tampa, Cedar
ml) es branches)
198
Keys.
Ac
Chattahoochee
River,
806
Trackage
69
Other lines
358
Total sys. (seeV. 74, p. 773)..2,821
The proprietary lines Include :
Roanoke A Tar River RR. (stock all
owned). 32 m.; Seabowd A Roanoke RR. (all of
stock owned), 81 m.; Atl.
Suwanee Rlv. A Gulf RR 58 m. (stock all
owned): Georgia A Ala. Terminal
Co., operating 8 m. of track.
Also owns a 1-6 Interest In the
Rlchmond-Washlngton Co. controlling the
road from Richmond, Va., to
Washington, D. C. (V. 73, p. 843), and under
traffic agreement with the Penn. RR.
maintains through car service between
N. Y., Phila., Washington and the
South.
Also owns practically all the
stock of the Florida West Shore
Ry., Durant to Sarasota, Fla., with
branches, 65 miles; Plant City, Arcadia A Gulf Ry.. Plant
City to Kcysvllle,
13 miles; Tallahassee Perry A
Southeastern Ry., Tallahassee S. E. Jet. to
Covington, Fla., 32 m.; an .extension to Perry, Fla., 19 m.,
construction; Catawba Valley Ry.. to extend from Great Falls being under
to Harmony,
S. C., 21 miles.
V. 83, p. 1031.
In Jan. 1907 the entire stock of the Macon
Dublin A Savannah, Macon to Vidalla,
Ga., 92 m., was acquired, the
$1,240,000 5% bonds ($1,840,000 authorized Issue)
being guaranteed, prin¬
cipal and Interest. V. 84, p. 104, 451.
Also controls the Balt. Steam
Packet Co. (unbonded) and a substantial Interest In
the Old DomlnionSS.Co.
ORGANIZATION.—An amalgamation In 1900 of "Seabowd” lines.
In
July 1905 over 82
% of stock had been exchanged for stock of the Seaboard
Co. the new holding company (which see
above), per terms below and plan,
V.
,
RATON
&
EASTERN RR.— (See
from
Raton, N. M., to Yankee, N. M., 12 m.; branch from Map.)—Extends
Carlsbrook to Sugarlte,
4 m.; total, 16 miles.
Leased to Santa Fe Raton A D. M. RR. as above.
Stock, $300,000.
Dividends A. & O.—(V. 83,
p. 970.)
SANTA FE LIBERAL A ENGLEWOOD
RR.— (See Map.)—Under con¬
struction from Des Moines, N. M., at a connection
with the Santa Fe Raton
A Des Moines RR. on the main
line of the Col. A South.
Ry. to Hooker,
Oklahoma, connecting with the Rock Island Ry., to
Englewood, Kansas,
connecting with the Santa Fe Ry., and thence to
Woodward, Oklahoma,
where It again connects with the Santa Fe
Ry. and the Canadian River RR.
funder construction), terminating at
Guthrie and Oklahoma City, Okla.
Total mileage, 321 miles.
Leases for 99 years Santa Fe Raton A Des
Moines
and Santa Fe Raton A Eastern
(see statements above). combined
mileage
57 miles.
Stock $8,000,000.
Bonds authorized $8,000,000.
See full
description, V. 84, p. 221.
The Canadian River
Ry., projected from Woodward, Okla., to Guthrie
and Oklahoma City, 220 miles,
by the same
merged, a mortgage securing $14,800,000 ofInterests, may be eventually
5% 30-year bonds. It Was
reported to be placed on the combined
properties.—(V. 84, p. 221.)
SARATOOA & SCHENECTADY RR.—(See
Map Del. A Hudson.) —
Saratoga to Schenectady, 21 m. Leased in perpetuity
In 1861 to Rens. A
Saratoga and lease assigned to Del. & Hudson, by which
It Is operated.
Rental, $31,750 per year. Stock, $450,000.
Dividends, 7 % yearly, paid
Jan. and July 15 at Troy, N. Y.
SAULT STE. MARIE BRIDGE.—Owns Sault
Ste. Marie Bridge, Includ¬
ing 6,421 feet of main track.
The Can. Pac., Dul. So. Shore & Atl. and
Minn. St. P. A S. Ste. Marie RR. cos.
agree to pay for use of bridge an
amount equal to operating
expenses and Interest and s. f. of debt.
Mtge,
s.
f., $5,500 yearly.
Stock, $1,000,000.
SAVANNAH UNION STATION CO.—Owns
union pass, station and ter¬
minal at Savannah, Ga.. with 8 m. of
track.
Leased by the Southern Ry.,
3av. Fla. & West, (now Atl. Coast
Line RR.) and Seaboard A. L.
Ry.,
which own the $300,000 stock, the rental
providing for Interest and s. f. on
bonds, maintenance, Ac.
Pres., W. W. Mackall; Treas., Savannah Tr. Co.;
Sec.. W. V. Davis.—(V. 71,
p. 343; V. 74, p. 1039, 1253.)
SAVANNAH A STATESBORO RY.—Owns
Cuyler to Statesboro,Ga.,32.6
m.; trackage. Cuyler to Savannah, 20 m.
V. 79, p. 2148.
Stock, $200,000,
all outstanding.
Has traffic contract with Seaboard A.
L., which guar,
bonds by endorsement, prln. and
lnt.;
Savannah
Tr.
Co., trustee, V. 75,
d. 1303; V .77.
p. 695.
Form of guaranty, V. 81. p. 614.
Georgia A Fla.
Ry. has had an option on 45% of stock, the
Seaboard Air Line owning 51 %.
In Oct. 1906 the Savannah Statesboro
& Western Ry. was
Incorporated
with $1,000,000 common and
$50,000 preferred authorized stock,to build
an extension from
Statesboro to Atlanta, 210 miles.
V. 83. p. 970.
Year
ending June 30 1906, gross, $55,000; net, $21,961; lnt. on
bonds. Ac., $11,029: bal., sur.. $10,932.
Pres, and Treas., J.
Randolph
Anderson,
Savan¬
nah; Sec., J. A. Braunen.
Office, Statesboro, Ga.—(V. 83, p. 970.).
SCHUYLKILL A LEHIGH RR.—Owns from
High’s Farm, near Reading
Pa., to Slatlngton, Pa., 46.9 m.
In 1883 leased to Phila. &
Read. RR. for
•99 years, ana in 1896 lease assumed
by Phila. A Read. Ry.
Rental, $27,•00 yearly.
Reading Co. owns stock ($600,000), of which $598,000
Is de¬
posited under Its general mtge. of 1897.
SCHUYLKILL VALLEY NAVIGATION A RR.—Port
Carbon to Reevesdnle. Pa., 11 m.; 2d track. 5 m.: branches, &c., 11.41
m.; total track, 28 m.
Leased July 25 1861 for 999 years to Phila. & Read.
RR.
Lease assumed In
F896 by P. & R. Ry. Co.
Rental $29,450, which pays 5% on stock
and
State taxes.
SEABOARD COM PA N
Y.—ORGANIZATION.—Incorporated In June
1905 as a holding
company per plan, V. 80, p. 164, 601,552, 1972, to
provide
for the liquidation of the
floating debt of the Seaboard A. L. Rv., Improve¬
ments, extensions. Ac.
The plan provided $7,625,000 cash to
be advanced
to the S. A. L.. the Seaboard
Co. receiving therefor mtge. bonds of the
rail¬
way to about $7,300,000, of which the
railway stockholders were In Jan.
1907 given the right to subscribe at
90.
V. 80, p. 652; V. 83. p. 1412.
STOCK.—The 1st pref. 5 % stock Is pref. both as to
prln. and dividends
and non-cum. for 5 years from
July 1 1905, thereafter cumulative; redeem¬
able at option of company after
July 1 1908. and convertible at option of
holder Into 2d pref. stock at par.
The 2d pref. 6 % non-cum. stock Is re4eemable at
option of company at 110 after 3 yews, provided 1st pref. shall
have been redeemed or converted
The amount of '*d pref mav he in¬
creased for conversion of the 1st pref. All classes
of stock have full voting
’072/4 %
..
1,000,
FE
%
'
All
.
$1,000,000,
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
__
6,3601600 See
15,993,650
1900
1,000 Ac 12,775,000
1901
1,000
10,000,000
Atlanta-Blrm Division 1st M $10,000.000
K c*
192
1903
1,000
5,760,000
Coll trust & gen lien M
$5,000,000 g ext in 1907 _N
1904
1,000
4.665,000
Coll. tr. A gen M $
18,000,000, g, red. par
Mo c*
1907
1,000 See text.
.Equipment trust due quarterly (V 74 p 380)
1902
1,000
333,000
Equipment mortgage gold Ser C due quarterly, a c*
1903
1,000
1,059,000
ao
do
gold Ser D due $32,000 s-a..:
1904
1,000
480,000
do
do
gold Ser E due $25,000 s-a._
1905
1,000
400,000
do
do
gold Ser F due $51,000 s-a._
1905
1,000
918,000
do
do
gold Ser G due $88,000 s-a.N
1906
1,000
1,672,000
do
do
gold Ser H due $26,000 s-a.N
1906
1 ,000
494,000
Old Loans excluding (•) amounts
pledged under co nsolld ated m ortgage.
Carolina Central 1st consol M gold
jguar p A 1 (end) _F
267
1899
1,000
3,000,000
Durham A Northern llrst
mortgage $150,000__MeBa
42
1888
•100,000
Roanoke & Tar River $260,000
MeBa
32
1887
•55,000
Florida Cent A Pen 1st M ($5.226
p m) gold
575
c*
Ce
1888
1,000
3,000,000
Second M (1st on ext, 92 m) $5,226
p m g.Mp c*
666
1890
1,000
410,000
Consol M $7,800,000 ($10,000
p m) gold-._a c*
780
1893
1,000
4,372,000
South Bound 1st M gold Interest rental..MeBa
c*
136
1891
1,000
2,033,000
■Georgia & Ala 1st M cons $6,185,000 gold__BBa c*
400
1895
1,000
6,085,000
Georgia & Ala Term Co 1st M (call at 110) guar
1898
p A 1
1.000,000
Georgia Carolina & Nor 1st M gold guar
MeBa c*
268
1889
1.000
5,360,000
Raleigh A Augusta first mortgage
107
1886
|
1,000
R A G first mortgage
1,000,000
$1,500,000 gold
MeBa.c
1897
1,000
1,200 000
S & R first mortgage $2,500,000
__MeBa.c*Ar
81
1880
1,000
2,500,000
Debenture $690,000 to be secured
by
2d
M.
r
any
1886
100 Ac
*285.000
Ithamokin Sunbury A
Lewisburg—First mortg’e„c*Ar
"31 1882
1,000
1,000,000
Second mortgage gold
c*
31
1890
SANTA
LXXXIV
80,p. 164,601,552,1972.
STOCK.—Authorized $75,000,000, of which $25,000,000
pref..outstand¬
ing July 1906, com., $37,009,000, and pref.. $23,895,000.
Pref. Is entitled
to 4 % non-cum., then com. to 4
%, then pref. 2 % additional, any surplus to
com.
Par of shares, $100.
VOTING TRUST.—Both classes of stock
are deposited with voting
trustees until April 1 1910.
although the latter may in their discretion de¬
liver the stock at an earlier date.
V. 77, p. 351. 2099.
REORGANIZATION.—Under
pany
the plan of June 1905 (see Seaboard Com¬
above), the assenting holders received:
Paid
Cash.
Prcf.stock. .$12 50
Com. stock. 12 50
Per $100—
-
1st Pref.
$12 50
12 50
Received
2d Pref. Common
$75
$12 50
...
87 50
Paid
Cash.
None.
None.
■—Received—
Com.
$75
2d Pref.
...
$75
BONDS.—The 4s of 1900 are a first lien on about 350 miles of
In¬
cluding 102 m. of main line, from Richmond to Ridgeway, and 106 road.
m. from
Hamlet, to Columbia (subject only to $155,000
lien bonds on two
branches): also a direct mtge. on the whole 2,383 prior
m. of consolidated road,
subject only to $26,560,000 prior lien
outstanding bonds and a consolidated
collateral lien
on the remainder.
Total authorized Issue 4s of 1900 In no
case to exceed
$75,000,000
Of which outstanding
12,775,000
Deposited to secure the $10,000,000 coll. tr. ref. 5s__
20,000,000
Deposited as collateral for $5,000,000 mtge. and coll. tr. 5s
1,500,000
Deposited as collateral or In treasury
4,500,000
Reserved to retire at maturity, dollar for
dollar, all the under¬
lying bonds on the various divisions of the system
29,725,000
Issuable only after July 1 1906 for additional
properties, Im¬
provements, extensions, Ac., at not exceeding $1,000,000
per
annum
6,500,000
The collateral trust
refunding gold 5s of 1901 are secured by deposit with
the trustee of $20,000,000 4s of 1900.
V. 70. p. 842.
The Atlanta A Birmingham division 4s of
1903 ($10,000,000 authorized
Issue) are secured on the line from Howell’s
Jet., Ga., to Birmingham, Ala.,
164 m., with branches, 34 m.
V. 76, p. 1302; V. 77, p. 647: V. 81,
p. 1850.
The mtge. and coll. tr. 5s of 1904 are
secured by a lien on $20,000,000 of
1st mtge. bonds (subject to
existing liens) and on various securities, and by
direct deposit of certain securities owned (see
list V. 78, p. 821) and a gen.
mtge. on all property now owned or hereafter acquired other
than securities
specially excepted.
V. 78, p. 104, 229, 989; V. 84, p. 340.
Scab. A Roa.
car
trusts, $266,050.
Stockholders on Jan. 10 1907 authorized an Issue
of $18,000,000 of 305% bonds, to be secured by a mortgage and collateral
trust agreement
covering (subject to existing liens) all the
railway property and such securi¬
ties as may be deemed advisable.
Of the bonds, $7,308,000 were
mostly
subscribed for by stockholders
pro rata at 90, to provide for debt Incurred
for improvements and extensions.
V. 83, p. 1412, 272, 392.
year
GUARANTIES.—The Savannah A Statesboro and Florida West Shore
bonds ($185,000 and $712,000,
respectively) are guaranteed as to prln. and
lnt.; also Rlchmond-Washlngton Co. bonds.
Jointly and severally with 5
other companies. V. 77.
p. 647, 648: V. 79, p. 2148.
LATEST EARNINGS.—For 8 months
ending Feb. 28:
8 mos.—
Gross.
Net.
Oth. inc.
Charges.
Balance.
1906-07
$10,590,502 $2,182,843
$14,506
$2,599,918
def.$402,569
1905-06
9,870,533
3,196,325
15,085
2,391,939
sur. 819,471
•
CO
Grinwel]
DENVER
THE CIRCLE INDICATES
Lakt
APPROXIMATELY COAL, COKE AND
ICE MARKETS REACHED BY RAIL¬
ROADS SHOWN IN HEAVIER LINES.
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Ilot
Sprs.
SANTA
G lor iota
-
Onava
^
^
^
E/<^
oDelhaven
4- o
A ^
Panhandle.
GULF
Amarillo
CanadicT
Oy^Tucumcari
3Iontoya
X
(Albuquerque
Conant
AT.
^ ^
(Belen
04
_
S
mmmmmm"‘rn
m
EE
RY.
Santa Rosay
S
A
\‘ &
c
Cheyenne
MAP OF THE
Agriculture
y
Sanborn"
.
Clark
of
Canandlah
FieJd>^
\Campana
I
A
W'"®
Naravisa,
Medio
\ A tan i ue
yjx
\
Sr*
Romero
?>San Jose
Lamy
^ yt££P
Solana
v \
A^Vzul
^Las Vegas
m//
4,
Dumas
.Dal hart*
"^VVatrous
Liscombeoj^T^
\
Mound
o Mora
1
Mesteno
Levy/^
Wu^on
Jacorh
Bernalilk
o\
oOcate
Embudo Y
Ch'amita
Buckman
Avnrcj
\S
A
^\VVX-„nv-ooA
,wVv*Vvj°ov*
(under construction)
Washburn
Canyon
!
^Hereford
,
^G^^^Frio
Bovino
exico
CkiudX.v
1
/
SANTA FE, RATON-DES MOINES R. R.
SANTA FE, RATON & EASTERN RAILROAD
SANTA FE, LIBERAL & ENGLEWOOD RAILROAD
CANADIAN RIVER RAILROAD
Silverton
Shaded Portion Indicates 30,000 Acres of Proven Coal Lands
which will produce 300,000,000 Tons of Coal.
RS*
mmm
WP
i
132
|Vol. lxxxiv.
BAILWAY STOCKS AND BONDS.
RAILROADS.
For explanation of column headings, &c., see notes
on first page of tables.
Date
of
of
Bonds.
Sbamokin Valley A Pottavilie—Stock guar by Nor C_-;
First M $2,000,000 gold sink fund (not drawn)_.c*
Sharon—Stock ($800 000) 6 % guaranteed by rental. F
Sharon first mortgage gold (Snaron to Pymat. etc) F
New Castle A Sbenango Valley—1st M Interest guari
38
South Carolina Pacific—First M cur Interest rental. '
South Dakota Central—1st M $750,000, red 105 beg’17
South Pacific Coast—First M gold guar (8 f 1912)._F.c
South & Western—First M $600,000 gold
c1
Second mortgage
South Georgia A West Coast—Mortgage $250,000 gold
So & No Ala—2d M gold $2 000,000 (owned by L & N)
Consol mortgage (for $10,000,000) gold guar.-Ce.cV
,
Improvement M $2,000,000 gold (owned by L A N)
g_Me.c*j
EC.c*i
Southern Illinois A Mo Br—1st M $3 000,000
Southern Indiana—First M gold (see text)
General mortgage $6,000,000
33 j
16
10
421
104
38
—j
;
189
189
189
i
192
!
Chicago Southern coupon notes gold guar p&l-.GP
Chicago South M $5,500,000 g red 102 H gu p&l.GP
Size,
$50
1.000
50
Total gross earnings
Net earnings, lncl. other Income
Deduct—Interest on bonds
Other Interest
Rentals and miscellaneous
Rate
When
%
Payable.
F
6
$869,450
2.000,000
794,100
314
g
J
M
4H g J
« g
J
6
A
A
A
A
A
Where Payable, and by
Whom.
Stocks—Last
Dividend.
A Broad St Station. Phlla
J
do
do
S Sharon, Pa
D Farmers L A Tr Co, N Y
J
do
do
Feb 1907 3 %
July
1 1931
Mar 4 1907 3%
June 1 1919
1,000
164,000
1,000
250,000
1897
1904
1905
1895
1,000
1,000
1,239,000
633,000
See text.
300,000
A 12 A O Crocker-Wool worth Bank April 12 1937
M 15 A S
do
do
Sept 15 1944
do
do
S
4H g M A
Sept 1 1945
F
A In default.
6
A
1915
100,000
225,000
172,500
864,000
104,600
300,000
5,500,000
600,000
371,000
250,000
2,000,000
a8,000,000
1.920,000
3,000,000
7,528,000
2,160,000
4,000,000
5
5
4
4
6
5
4
5
5
5
6
5
1898
1887
1900
1905
1884
1907
1887
1902
1904
1903
1880
1886
1904
1901
1901
1906
1905
1906
100
1,000
1,000
500 Ac
500 Ac
1.000
100 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000 Ac
1,000
See text.
100 197,849,258
100 39.569,840
500 Ac 30,018,500
1,000
1,929,000
b7.253,000
July
1 1917
6 g
5 g
F
J
g
g
J
J
A
J
J
g
J
g
J
J
g
A
g
F
g
5 g
F
M
4 g
F
4 g
M
5 g
5 g
J
5 g
J
See text. A
7 In 1906 J
4 g
J
6
J
4 g
J
-
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
&
A
A
A
A
A
A
A
U S Mort A Tr Co, N Y
Boston A Oakland, Me
Nat Shaw Bank, Boston
Amer Loan A Tr Co, Bost
O Safe Dep AT Co,Bal, Md
J
J So Pac, 120 B’way, N Y
J Investors Tr Co, Phlla
J Union Trust Co., Balto.
J New York A Quitman,Ga
O Office, 71 Broadway.N Y
A
do
do
A
J
J
J
A
N
A
N
J
J
o
J
D
J
D
Aug 1
July 1
July 1
July 1
Oct
1
1918
1917
1950
1955
1914
1927
Jan
1
July
Jan
Oct.
Jan
1 1937
1 1952
10 1934
1 1923
April 1 1910
Aug 1 1936
Aug 1 1936
Mercantile Trust Co, N Y Nov
John C King A Co. N Y Feb
First Tr A Sav Bk.Chlc May
Girard Trust Co, Phlla
July
1
1
1951
1951
1
1916
1 1907
iJuly 1 1936
Checks mailed
Apr 1’07 2^%
Checks mailed
Jan 14 ’07 3 H %
120 Broadway, New York Aug 1 1949
.
do
do
do
do
1
1911
June 1
1910
Jan
iooGfin.ooo.nno,
500
Ac
1,000
30
1906
REPORT.—Fiscal year ends June 30.
Report for 1905-06, V. 83, p.
1031, showed results on 2,611 miles as below.
Results for entire system
Including Atl. A Birm. A. L. Ry. and Fla. West Shore were: Gross, $16,767,363; net, $4,254,755; other Income, $51,401; charges, $3,413,531; bal.,
sur., $892,625.
1905.
Amount
Outstanding
1889
1887
Southern Pacific Company—Stock ($200,000,000)
!
Pref stock 7 % non-cum $100,000,000 conv red
Coll trust M gold subject to call at par
1899
Un.c* Ar
1891
Steamship first mortgage bonds Series A $3,000,000;
Coll trust M $30,000,000 gold red par after 2 yrsCe.c*
i 1905
Southern Pacific RR—Stock $160,000,000 authorized
1st M Series E A F gold sinking fund
__c* 1,045 1882
So Pac Br 1st M gold s f $50,000 In 1897 not drawn
240 1887
a Of the consols shown as outstanding $4,753,000
was on June
In treasury July 1906.
1906.
Bonds—Princi¬
pal, When Due.
or
Par
Value.
1901
38
17
Shreveport Bridge A Terminal—See St Louis Southwe,stern
Sierra Ry (of California)—First mortgage gold
77
Second mortgage $860,000 gold
77
i '
Yosemite Short Line 1st M $875,000 gold guar p & lj
Sierra Valleys—1st M (Cal Safe Dep Co trustee)
37
j
Silver Spring Ocala A Gulf—See Atlantic Coast Line RR.
Skaneateles RR—1st M$100,000 gold
llsm
5.
Somerset Railway—First mortgage
:._c
42
Consolidated mortgage $420,000 gold
j
42;
First and refunding mortgage $1,500,000 gold-.AB
96
Gross earnings from railways
Gross earnings from water lines
INTEREST OR DIVIDENDS.
•
Miles
1904.
$15,116,947 $13,619,274 $12,750,271
683,072
582,669
561,138
.$15,800,019 $14,201,943 $13,311,409
$4,262,832
$4,177,384
$3,233,948
2,748,650
2,546,817
2,759,765
332,203
196,787
254,643
50,402
48,925
49,663
5
116!000
3.533.000
owned by t
6 g
6 g
A
A
A
A
he Louis ville A
O So Pac, 120 B’way. N Y April 1 1912
O
do
do
April 1 1937
b Remaining
22,747.000 held
N ashvlUe.
SOUTH A WESTERN RR.—Owns and operates from Johnson City,
Tenn., to Altapass, N. C., 67.6 miles: had under contract and partly graded
Oct. 1906 85 miles from Dante ,Va.t to Johnson City, Tenn.
Also under
contract 61 miles between
Altapass, N. C., and Rutherfordton, N. C.
Ex¬
tension Is proposed between Dante, Va., and Elkhorn, Kv., to a connection
with the Ches. & Ohio Ry., a distance of 36 miles, through the proper¬
ties of the Cllnchfleld Coal Corporation, In Wise. Dickenson and Buchanan
Counties, Virginia.
Extension also proposed from Rutherfordton, N. C.
to Spartanburg, S. C.t to connection with A. C. L. RR. and Southern Ry.
See V. 81, p. 1494; V. 83, p. 155.
Elkhorn Southern RR.
V. 83, p. 1099.
The Cumberland Corporation, which owns all the stock of the Cllnchfleld
Corp. (the latter owning 300,000 acres of coal lands In Virginia, and West
Virginia and the South & Western Ry. and a block of the Seaboard Co.
stock, In June 1906 issued $15,000,000 of C-year 5% notes to complete the
a connection with the Seaboard Air Line at Ruther¬
fordton, N. C.
V. 83, p. 156.
Stock authorized, $10,000,000; outstanding, $100,000: par of shares. $100.
For year ending June 30 1906, gross, $193,193; net, $31.044; other income,
$95,060; charges, $61,913; bal., sur., $84,190.
Pres., George L. Carter.—
(V. 82, p. 510; V. 83, p. 156, 380; 1099.)
PACIFIC COAST
SOUTH
RY.—NARROW GAUGE.—Alameda to
Santa Cruz, 77 miles; branches, 24 m.; ferry, 3 m.; total. 101 miles. Leased
for 55 years from July 1 1887 to Southern Pacific Co. , which guarantees the
bonds and owns all the $6,000,000 stock.
Year 1905-06, gross, $855,568:
net, $149.273; def. under charges, $588,311.
SOUTHERN ILLINOIS A MISSOURI BRIDGE CO.—Owns bridge (with
4.65 miles of track) across Mississippi River at Thebes, Ill.; opened May
1905, forming a direct connection between Chicago A Eastern Illinois
Illinois Central and St. Louis Valley (St. Louis Iron Mtn. A Southern) on
the east, and the St. Louis Southwestern, St. Louis & San Francisco and
St. Louis Iron Mtn. A Sou. on the west. Length is 2,756 feet of steel truss
and 1,147 feet of concrete arches. Stock, $50,000, all outstanding, equally
South A Western to
Balance, surplus
$1,131,578
$1,171,907
$382,825
OFFICERS.—President, W. A. Garrett; Vice-Pres., L. Sevier; Gen. Mgr.,
T. F. Whittelsey; Treas., Robert L. Nutt; Sec., D. C. Porteous; Comptroller,
T. W. Toby.
Directors—Y. Van den Berg, New York; H. Clay Pierce, St. Louis; S.
Davies Warfield, Baltimore, Md.; James H. Dooley, Richmond, Va.; B. F.
Yoakum. Ernst Thalmann, H. RIeman Duval, James A. Blair. N. S. Meldrum. New York, N. Y.; Townsend Scott, Baltimore, Md.; Thomas F.
Ryan, Oak Ridge Va.; C. Sidney Shepard, New Haven, N. Y.; T. Jefferson
Coolidgc Jr., Boston; W. A. Garrett, Norfolk, Va.; Norman B. Ream, Chi¬
cago; Geo. W. Watts, Durham, N. C.
Gen’l Oftiees, Portsmouth and Norfolk. Va.; N. Y. office. 24 Broad St.—
(V. 84, p. 104, 221, 272, 340, 392, 450, 509.)
SHAMOKIN SUNBURY A LEWISBURO RR.— (See Map Reading System.)—Carbon Run Jet: to West Milton, Pa., with iron bridge over Susque¬
hanna, 31 miles: second track. 15 m.: total of all track, 57 m. Leased to
Phlla. A Read. RR July 2 1883 for 999 years at 6 % on the stock, and lease
assumed In 1896 by Phlla. A Reading Ry. Used for coal traffic northward.
Stock, $2,000,000 (par $50). owned by Reading Co., of which $1,995,000 Is
deposited under mtge. of 1897.— (V. 61, p. 21.)
SHAMOKIN VALLEY A POTTSVILLE R Y.— (See Map Pa. RR.)—Sunbury, Pa., to Mt. Carmel, Pa., and branches. 38 miles. Leased Feb. 27 1863
for 999 years to Northern Central Ry. Co., with a guaranty of taxes. Interest
on bonds and 6% on stock, of which N. C. owns $619,650.— (V. 78, p. 1908.)
SHARON RY.—Owns from Newcastle, Pa., via Sharon to Pymatunlng,
Pa., with branches, 33.07 miles In all. Consolidated with Newcastle & Shenango Valley RR. and then leased to the Erie RR.for 900 years from Dec.l
190 0, for Interest on bonds and 6% on stock.—(V. 73, p. 399; V. 78, p.288 )
SHREVEPORT BRIDGE A TERMINAL CO.—Owns bridge over the Red
River at Shreveport. La.
Controlled by St. Louis Southwestern, which
,
of thefrom
bonds,
(see that
fruarantees
$500,000
principal
bridge
for 50 years
1 1905; and
Aug.
V. Interest
81, p. 614.
Also co.)
usedand
by
eases
Texas A Pacific, Vicksburg Shreveport A Pacific, Louisiana Ry. A Naviga¬
tion, Kansas City Southern and Houston East A West Texas (Southern
Pacific).
See V. 82, p. 753.
Pres., T. Alexander.— (V. 81, p. 614, 753.)
SIERRA RAILWAY (OF CALIFORNIA) .—(See Map.)—Owns road from
Oakdale In Stanislaus Co.. Cal., to Tuolumne, Tuolumne County, 56.5 miles.
Jamestown to Angels, 19.3 m.; total, 75.8; yard track and sidings, 8.6 m.
The Yosemite Short Line Ry. was In April 1906 building a 50-mlle exten¬
sion from Jamestown to Yosemite National Park; this road Is to be leased,
stock at $25,000 per mile and 1st mtge. 4H % bonds at $12,500 per mile
(Central Trust Co. of Cal., trustee) to be Issued, guaranteed principal and
Interest.
V. 81, p. 1175.
Stock authorized, $5,000,000; Issued, $3,248,000.
Of the $860,000 5%
40-year bonds, $633,000 were used to refund the outstanding Income bonds,
the remaining $227,000 being reserved for future requirements.
V. 79, p.
270.
For 8 mos. ending Feb. 28, gross, $293,334 In 1906-07, against $237,329 in 1905-06.
For year ending June 30 1906, gross, $379,343; net, $157,006; int., tax, dec., $121,225; bal., sur., $35,781.
Pres., T. S. Bullock; Sec.,
S. D. Freshman, Jamestown, Cal.—(V. 80, p. 1112; V. 81, p. 212, 1175.)
SIERRA VALLEYS RR.—Plumas to Mohawk, Cal., 37 miles.
Stock,
$945 000; par, $100.
Controlled by Nevada-Cal.-Oregon Ry., to which
was due for advances June 30 1905 $214,409
V. 79, p. 2643.
Year ending
June 30 1905, gross. $24,925; net, $10,227; total deductions,$13,887; bal.
def.,$3,660. Pres..E.R.Dodge, Amedee, Cal. — (V.74, p. 776; V.79,p.2643.)
SILVER SPRINGS OCALA & GULF RR.—See Atlantic Coast Line RR.
SILVERTON RY.— Owns Sllverton, Col., to Ironton, 22 miles.
Stock,
$350,000; par., $100. Bonds, $500,000 1st 5s, due Jan. 1 1935. Year 100405, gross. $9,243; net, $3,440.—(V. 79, p. 2589.)
owned
by the St. Louis Iron Mtn. A Sou., St. Louis Southwestern, Illinois
Central, Chic. & East Ill. and Mo. Pacific; all of which except the last named
have a 50-year contract dated Nov. l 1901 for use of the bridge, under
which they agree to meet all charges.—(V. 80, p. 1424, 2220.)
SOUTHERN INDIANA RY.— (See Map.)—Owns from Main St., Terre
Haute, to Ewing St., Seymour, 121.42 miles; Westport Branch, Seymour to
Westport, 26.45 m.; Sullivan Branch, Blackhawk tQ Sullivan, 18.48 m.;
Coal branches owned: Shelburn Coal branch. Shady Grove to Glendora,
12.67 m.; Latta Coal Branch, Latta to Hawton, 8.11 m.; Coalmont Coal
Branch, Coalmont to Keystone, 5.14 m.; total owned, 192.27 miles.
Leases: Vandalla Line, Main St. to Union Station, Terre Haute. 0.30 m.:
Bedford Belt Ry., Bedford to Oolitic, 4.19 m.; total leased, 4.19 m.; total
mileage, 196.76.
Extension north from Terre Haute, Ind., to Humrlck,
Ill., 38 miles (of which 27 miles owned and 11 miles, from Illinois State line,
built by Chicago Southern Ry.), was opened Dec. 1906.
In April 1907 a
syndicate was forming to complete the road Into Chicago.
V. 84, p. 932.
Owns (June 30 1906) South. Ind. Coal Co., V. 80, p. 2221: V.83,p.39,75,214.
STOCK.—Common, $11,000,000; par, $100; all Issued; pref. retired.
DIVIDENDS.—On pref., Dec. 1901 to July 15 1905, lncl., 5 % (J. AJ.).
BONDS.—First mtge. 4s of 1901 may be Issued at $20,000 per mile for
single track and $10,000 per mile for second track constructed or acquired.
Equipment notes, including Interest, June 30 1906, $999,308, maturing to
See V. 74. p. 776, 1197.
1909, Inclusive.
Of the general 5s of 1906 ($6,000,000 authorized Issue; First Tr. A Savings Bk. of Chicago, trustee);
$2,160,000 were Issued in exchange for outstanding certificates previously
Issued for construction.
V. 83. p. 39, 97.
The coupon notes of the Chicago Southern Ry. ($4,000,000) which Is
building an extension, 114 miles, into Chicago, are guaranteed prln. and
lnt.; they are secured by entire Southern Indiana Ry. stock and $600,000
of the $1,500,000 Chic. Sou. Ry. stock.
V. 81, p. 613, 728.
Of the Chic.
Sou. 5s of 1906 ($5,500,000 authorized Issue), $4,400,000 Is reserved to
retire the coupon notes, which are given a prior lien, balance to complete
road Into Chicago.
V. 83, p. 817; V. 84, p. 932.
EARNINGS.—8 mos.J 1906-07
Gross, $1,094,499;
net, $465,571
July 1 to Feb. 28.
\ 1905-06
Gross,
971,394;
net,
380,294
REPORT.—Report for year ending June 30 1906 was In V. 83, p. 1289.
Year—
Gross.
Net.
lnt., tares, Ac. Dlv.on Pref. Bal-.surp.
1905-06
$1,456,349
$590,466
(Retired)
$138,276
$452,191
1904-05
1,380,955
582,682
326,564 (5)$30.000
206,109
Pres. John R. Wal«h; Sec. and Treas., C. F. Wclnland, Grand Central
Station, Chicago. 111. — (V. 83, p. 819. 1230, 1289; V. 84, p. 52, 932.
PACIFIC COMPAN Y.— (See Maps.) — ROAD.-This com¬
only 9 m. In fee, but principally through ownership of stock,
partly by lease. It operates a great system of roads extending from San Fran¬
cisco to New Orleans (thence by company’s steamers to New York, Ac.)
and to Portland, Ore., to Ogden. Utah, with branches.
System comprises the following, fully described under their own titles.
Miles.
Proprietary
Lines.
Controlled
(1)
(also leased by) Southern Pacific (3) Controlled by Morgan’s La. tfc
Co.
Miles.
Tex.—Operated Independently
Central Pacific RR
1.452 Gulf Western Tex. & Pac. Ry.
Ill
South Pacific Coast Ry
16
99 Iberia & Vermilion RR
Southern Pacific RR
__3,332
Total
665
Oregon & California RR...
proprietary lines
9,108
j (2) Controlled by So. Pac. Co.—Op¬ Tot. (deduc.242 in. leas.toAtch) 8,866
erated by Cos. owning them.
SOUTH CAROLINA PACIFIC RY.—North Carolina State line to Ben- I
(4) Leased and Operated.
Galv. Harrlsbg. & San Ant. Ry.1.317 New Mexico A Arizona RR
88
nettsvllle, S. C., 10.50 miles. Leased till Dee. 1914 to Atlantic Coast Line
Houston & Texas Central RR.
RR. for Interest on bonds. Stock, $100,000. Bonds, see table.
695 Sonora Ry
263
SOMERSET RY.—Owns road from Oakland to Birch Pt., Me., and
branch, 96 miles; of this Bingham to Birch Point, on Moosehcad Lake! 54
miles, completed Dec. 1906.
In Apr. 1907 the Maine Central, It was re¬
ported, acquired control; V. 84, p. 801.
Capital stock Is $736,649; par,
$100; 1st and ref. 4s of 1905 ($1,500,000 auth. Issue) are a 1st lien on the ex¬
tension from Bingham to Moosehcad Luke and equipment; of the balance
unissued, $420,000 are reserved to retire the $397,500 old bonds and $210,000 for Improvements at 80% of cost, but only when net earnings are twice
the interest on the bonds then outstanding.
V. 83. p. 97.
Bills payable'
June 30 1906, $657.481.
For year 1905-00: Gross. $171 ,588; net, $74,616;
charges, $31.323; balance, surplus, for year, $43,293.— (V. 84, it. 804.)
SOUTH CAROLINA & GEORGIA RR.—See South'n Ry.. Carolina Dlv.
SOUTH
DAKOTA CENTRAL RY.—V. 84, p. 869.
SOUTH GEORGIA & WEST COAST RY.—Adel to Perry, Fla.. 77 miles,
extension is proposed from Greenville to the Gulf, 5o m.
Stock, $500,000,
Increased from $65,000 In Nov. 1906.
V. 83, p. 1172.
For vear ending j
-June 30 1906, gross. $148,206; net, $63,104; lnt., taxes. Ac., $20,292; div¬
idends (28%), $16,240; bal.. sur.. $20,572.
Pres., J. \\', Oglesby; Treas.,
C T. Tillman. — (V. 76 p 700 866; V. 83, p. 1 172.)
•
SOUTHERN
pany owns
Louisiana Western RR
198
339
Tot. RR. mileage June 30 ’06 9,459
Morgan’s La. * Tex.RR.A SS.
Texas A New Orleans RR
441 Tot.(deduc.242 m.leas. to Atch)9.217
3 15 Steamship Lines.
Nevada* Cal.Ry.(V.81 .p.1242)
-i,895
Houston E. * W. Texas Ry__
191
Affiliated Line.
Houston * Shreveport RR
39 Gila Val. Globe & Northern Ry_
125
9
Southern Pacific
Grand tot.il of owned leased and affiliated lines June 30 1906
9,342
...
134
RAILWAY STOCKS AND BONDS.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles
For
explanation of column headings, &c.,
on first page of tables.
see notes
,
If
Date
of
oad. Bonds.
Southern Pacific RR.— (Concluded) —
First cons mortgage guar gold s f not drawn_Ce.c* &r
_
F & G gold due monthly
H gold due $225,000 M & N
K gold due $140,000 M & N
L gold due $300,000 F & A
-
-
_____
_____
EP.c'!
A—Properties Merged in Southern Railway Co. j
_
_
_
_
_
_
44
191
191
164
566
^
_
_
38
38
‘
Ce
_
,502 1894
1904
ext
1906
1907
1902
1900
1901
1902
1903
1904
’04-’05
1905
1905
1906
Atlantic Tennessee & Ohio first mortgage
Ce'
Ch Col & Aug 1st M (lnt In gold) (V 59 p 1006)..Ce
Second mortgage
Ce
Col & Green first mortgage gold
Ce c*
Georgia Pacific first mortgage
Ce c*i
Ricnmond & Danville consol mortgage gold—Ce.c
Debenture mortgage old 6s (no longer Incomes) .Ce1
Richmond York River & Chesapeake 1st M
G
Second mortgage extended from 1900
Gi
General mortgage.
_
1893
1879
1880
1881
1867
1871
1888
1889
1905
_
-
PIP
Virginia Midland—Serial mortgages
Size,
Amount
Rate
When
Value.
Outstanding
%
Payable.
j
347
1883
1869
1872
1881
1882
1874
1882
1873
1880
1881
1886
$500 &c
$4,127,500
1,000
1.000
1,000
1,000
6,000,000
4,000,000
4,180,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
100
PROPRIETARY LINES.—These, with a total mortgage Indebtedness
June 30 1906 of $344,482,821 are mostly owned—only $424,173 (of which
$348,500 held by Morgan's L. & Tex. RR. & SS. Co.) out of their total stock
1 1906 by the Southern Pacific Co.
of Jan. 1899. Stocks and bonds
of $334,970,572 not being held on July
“Omnibus Lease,” see “Supplement”
owned June 30 1906, V. 83, p. 1539.
STOCK, &c.—Total common stock authorized, $200,000,000, Including
$67,275,500 exchanged In 1899 for Central Pacific stock—see Central Pa¬
cific and V. 68, p. 378, 725; V. 69, p. 132: V. 70, p. 740.
The $100,000,000 of 7% non-cum. pref. stock Is redeemable at 115 at
any time
up to July 1 1910, ana convertible
Into common stock
at par at option of holder.
Of the stock $40,000,000 was subscribed
for In 1904 by stockholders at par.
The proceeds will be used to pay the
floating debt, mostly held by Un. Pac., ana for future capital requirements,
and also “enable the company to refund bonded obligations maturing dur¬
ing the next three years amounting to $65,480,000 on a much more
favorable basis of credit and leave over $30,000,000 of free and negotiable
assets in the treasury.”
V. 78, p. 2443, 2600, 2574; V. 79. p. 104. 628,
2467.
Form of certificate. V. 83, p. 273.
DIVIDENDS.—On pref.. Jan. *05 to Jan. ’07, both Inch, 7 % yly (J.&J.).
Oct. 1 1906; Apr. 1907, 2H%.
804.
BONDS.—The 4 % coll, trust gold bonds of 1899 are limited to $36,819,000, and are subject to call at par on 6 months’ notice.
The first Issue of
$29,418,500, secured by the $67,274,200 com. and $12,600,000 pref. stock
of the Central Pacific, was Issuable forthwith
The remaining $7,400,000
can be Issued from time to time only as an equal amt. of Cent. Pac. pref. Is
received and added to the coll., $5,000,000 of this stock being reserved for
lmprov’ts and add’ns on the Cent.Pac. at not exceeding $200,000 yearly—
see Cent. Pac. and V. 68, p. 378.
See Mortgage Abstract, V. 69, p. 859.
The two-five-year collateral trust 4s of 1905, limited to $30,000,000, are
secured by deposit of $12,400,000 par value of various bonds and $71,918,300 stocks of companies controlled, Including Pacific Mall, &c., and $1,530,000 Wells, Fargo & Co. stock.
V. 80, p. 1857; V. 82, p. 753.
The first refunding 4s and 30-year gold 3>^s Issued by the Central Pacific
are unconditionally guaranteed, principal and Interest.
In 1905 the So. Pac. RR. Issued a refunding 4% mtge. under which $57,926,000 bonds were sold to refund old 5s and 6s, the proceeds of about $25,000,000 being used to reimburse the So. Pac. Co. for advances for Improve¬
ments during the last few years.
V. 80, p. 601.
During three years ending June 30 1903 $44,256,853 were expended for
new
lines and additional
property; In 1903-04 $19,072,972; In 1904-05, $18,354,338; in 1905-06, $6,V. 78, p. 713.
618,707.
EARNINGS.—8 mos.J 1906-07..Gross, $82,323,983; net, $30,502,098
July 1 to Feb. 28.
\ 1905-06. .Gross, 69,786,156; net, 23,424,301
ANNUAL REPORT.—Fiscal year now ends June 30.
Report for 1905-06 In V. 83, p. 1521, 1528 to 1540; editorial, V. 83,p.1499.
Receipts—
1905-06.
1904-05.
Average miles—Proprietary and non-proprietary._
9,191.56
9,137.85
Transportation receipts
$105,632,550 $95,515,158
Trackage and other rentals.
341,365
341,260
Income from s. f. pledged for redemption of bonds.
295,078
219,015
Income from lands and securities not pledged
656,459
667,211
Interest on stocks and bonds owned
964,899
863,724
Income from other Investments
l
82,380
32,000
Miscellaneous receipts
106.855
j
Interest on loans and advances other than open ac¬
counts of proprietary companies..a
984,490
395,358
Total receipts
Operating expenses
$108,957,221 $98,140,582
$68,120,893 $63,664,235
Taxes
2,464,296
Trackage and other rentals
Interest on funded debt
Interest on Central Pacific RR. notes
Interest on open accounts
218.133
2,309,201
218,133
16,320,908
588,127
16,705,833
764,565
Miscellaneous expenses
Land department expenses and taxes
36,932
386,279
Sinking fund contribution and earnings
Betterments and additions
Insurance, depreciation, &c. (Southern Pacific Co.)
702.078
236,931
Total
expenditures
Surplus over all disbursements
Dividends on preferred stock, 7%
Dividend on common stock, 2U %
President, E. II Harriman. — (V. 83,
689,995
-
"*50,846
-
277,917
734,015
151,446
832,417
$89,764,574 $85,708,609
$19,192,647 $12,431,973
$2,769,879
$2,769,431
4,946,231
p.
1521, 1528; V. 84, p. 869.)
&c
1,000
Wlnkleman, 104 miles, and under construction to Benson. 81 miles addlal, to be jointly operated with Atchison, see “Chronicle,” April 27 1907.
The Maricopa & Phoenix cc Salt River Valley, 43 miles, was acquired at
foreclosure sale In Dec. 1906.
V. 83, p. 688.
improvements and equipment and $18,517,317 for
1,374,000
1,062.000
2,355,000
844,500
3,600.000
2,380,000
8,400,000
150 000
500
to Guadalajara, for which concessions were granted by the Mexican Govern¬
ment.
V. 83, p. 1536.
In Aug. 1906 the Coos Bay Roseburg & Eastern, extending from Marsh¬
field, Ore., southerly to Myrtle Point, was reported to be purchased, to be
used as a part of a north coast line from San Francisco to Portland.
V. 83,
Northwestern Pacific RR. (jointly owned with Atchison), see
p. 435, 94.
that company, V. 84, p. 103.
As to Phoenix & Eastern, Phoenix, Arlz., to
p.
5
6
6
6
4
Where Payable
Whom.
and by
Bonds—PrinctWhen Due*
Stocks—Last
Dividend.
M
J
J
J
X g J
4H g J
5 g
A
5 g
J
4 g
J
&
&
&
&
&
&
&
&
&
N So Pac, 120 B’way, N Y Nov 1 1937
J
do
do
March 1909
J
do
do
JVlar 1 1910
do
J
do
Jan
1 1911
J
do
do
Jan
1 1912
J
do
do
Jan
1 1911
o
do
do
Oct
1 1988
D
do
do
June 1 1929
J New York
Jan
1 1955
A
A
J
A
A
F
J
M
A
4 g
J
4 g
M
4^ g J
3 H
4H g M
4 g
M
4 X g F
&
&
&
&
&
&
&
&
&
&
&
&
o J P Morgan & Co, N Y
O
do
do
J
do
do
o
do
do
o
do
do
A
do
do
J
do
do
N Frov Life & Tr Co, Phlla
O
do
do
D Blair & Co, New York
do
N
do
D Prov Life & Tr Co, Phlla
do
do
N
do
do
N
do
do
A Fidelity Tr Co. Phlla
g
g
g
g
1.074.000
&c
82.914,000
100 120.000.000
100
60,000.000 5 In 1906
100
4
5,670,200
1.000 &e 48,137,000
5 g
10.00 &c 16,000.000
5 g
4 j
1,000 &c 15,000,000
5 g
1,000 &c 15,000,000
4 g
1,000 &c
5.913,500
4 g
1,000
212,000
1 000
4 g
510,000
500
In Nov. 1906 about 1,750 miles of extensions had been authorized or were
under construction, Including 775 miles of road on the west coast of Mexico
V. 84,
2,232,000
1,595,000
4,751,000
1,000
ORGANIZATION.—Organized under laws of Kentucky. The Union Pa¬
cific owns $90,000,000 common and $18,000,000 preferred stock, a strong
working control, but the road continues to be operated independently. V.
72, p. 242, 248: V. 75, p 136. In 1899 acquired the entire capital stock of
the Central Pacific. See that company; also see below. V. 73, p. 33; V. 75
p. 1407; V. 76. p. 753. Inter-California Ry. projected, see V. 78, p. 2443.
Dlv. on common, 2)^% (seml-an.) paid
V. 83, p. 380.
Suit to enjoin dividends,
or
Par
.
020
392
392
167
79
114
373
54
Southern Pac of Arizona 1st M Ser A gold guar_c&r
Scries B gold guaranteed
c&r
Southern Pacific of New Mexico 1st M gold
c&r
California Pacific first mortgage gold (extend In ’87) j
2d M gold guar p & 1 end by Cen Pac (ext In ’yi)._;
Northern Ry (Cal) Cons (now 1st) M gold_Un.c*&r
Northern California first mortgage gold
First cons ref M gold guar red 105 after 1910 E qc* &r
Southern Railway—Common stock $120,000,000
'
Preferred 5 % non cumulative $60,000 000
i
O
stock
M &
trust certificates
First cons M 1st on 900 m g ($120,000,000)_Ce c*&r|
Coll trust bonds $16,000 000 red 102 H beg Oct ’06.0
Development & gen M ($200,000 000) gold_Sc*&r
Debenture notes, gold
c&r
Monon Joint M red 105 after ’07 half share._S.c*&r
Equip trust Ser A due about $212,000 ea M&NP1P.c*i
Series B gold due $170,000 each A & O
PIP
Series C gold due $229 000 each J & D
Series D gold due $177,000 each M &N
Series E gold due J & D, $150,000
PIP
Series
Series
Series
Series
[VOL. LXXX1V.
&e
1,051.000
500,000
2,000,000
5,660,000
5,997,000
3.368,000
6
5 g7
6
6 g
6 g
5
5
400,000
500,000
7,034 000
4H
5, 6
4,859,000
5
A
J
A
J
J
J
A
J
M
M
M
&
&
&
&
&
&
&
&
&
&
&
&
&
&
*
O J P
J
O
J,
April 22 ’07 2 &
April 1 1907 2 %
July
1
1994
April 1 1909
April 1 1956
Feb
1
1910
July
1
1952
To Nov 1 1907
To Sept 30 190»
To Dec 1909
To May 1 1910
To Dec 1 1914
To Feb 1910
To May 1 1915
To Nov 1 1915
To Feb 1 1921
Morgan & Co, N Y April 10 1913
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July
1
Oct
Jan
Jan
Jan
1
1
1
1
1909
1910
1916
1922
J
1915
o
April 1 1927
J
Jan
1 1910
N
Nov 1 1910
S Safe Dep & Tr Co, Balt Var 1911-1931
N J P Morgan & Co, N YJMay 1 1936
J^
SOUTHERN PACIFIC RR.—(See Maps.)— ROAD.—Owns all the Cali¬
fornia lines of the So. Pac. system except the Cent. Pac. and the South Pac„
Coast.
The road owned aggregates about 3,332 m., embracing a throughline from east bank of Rio Grande River through N. Mex. and Arlz., via Loo
Angeles, San Fran, and Oakland, to Tehama In No. Calif., with numerous
Of the lines owned and leased In 1906 (41 m. are leased), 3,090'
branches.
were oper. In the So. Pac. system, 242 m. (Mojave to The Needles) being
held under long lease by Atch. in exchange for leases of 350 m. of roads In N.
Mex. and Arlz. V.65,p.931 and A. T. & S. F. Item, p.l 113; see V.64, p.609.
ORGANIZATION.—A consolidation of the So. Pac. RR. companies o*
California. Arizona and New Mexico.
V. 74, p. 578; V. 81, p. 900.
STOCK.—So. Pac. Co. June 30 1906 held all the $160,000,000 stock.
BONDS.—Consolidated Mortgage of 1894 abstract was In V. 57, p. 1041;
$24,524,500 of the consols stamped subject to call at 107M were called for
payment on Aug. 1 1905.
The first consol, refund. 4s of 1905 ($160,000,000 authorized Issue) will
eventually be a first lien.
In Jan. 1907 $82,926,000 had been sold, of which
$12,000 retired by sink. fund.
Form of guaranty, V. 82, p. 49.
If less
than entire issue Is redeemed, bonds shall be drawn by lot.
The bonds were
Issuable or reserved as follows (V. 80, p. 601, 1112):
Issuable on demand
$25,000,009
Issuable to refund
a
like amount of
prior lien bonds (of which
$44,517,000 matured or were called for redemption on or be¬
fore Oct. 1 1905, $35,680,000 mature during the next (about)
7 years and $13,485,500 thereafter)
93,682,500
Issuable to refund other prior lien bonds, any balance not re¬
quired to be available for other purposes
15,000,000
Issuable {or construction, betterments &c
26,317,600r
ANNUAL REPORT.—For year ending June 30 1906, earnings were:
Gross, $35,169,744; net, $14,174,737; other Income, $1,899,471; charges,
$9,128,092; surplus, $6,946,117.
In 1904-05, gross, $31,985,952; net. $12,202, 480.—(V. 82, p. 49, 629; V. 83, p. 819, 1525, 1591; V. 84. p. 804.)
SOUTHERN RAILWAY COMPANY —(See Map, pages 136 and 137.)—
Company operates 7,197 m., extending from Washington, D.C., and West
Point and Richmond, Va.. to Danville, Va., Greensboro, N. C.f Norfolk,Va.,
Charlotte, N. C., Columbia, S. C., and Atlanta, Ga., thence northerly toBristol, Tenn., southeasterly to the coast at Brunswick, Ga., and westerly
across the States of Ala. and Miss, to the Mississippi River at Greenville.
Water lines—Chesapeake SS. Co., 200 miles.
Owned in fee—
Miles.
Miles.
Leased—(Continued.)
Alexandria (near Washington)
•North Carolina RR.—
to Greensboro, N. C
278
Goldsb., N. O., to Greensb.. • 130
Greensboro to Charlotte, &•_
Charlotte, N.C.,to Augusta,Ga_ 190
94
Columbia, S.C., to Greenv.,S.C.
Atlantic
& Danville Ry.—
144
West Polnt.Va., toJNeapolIs
Norfolk to Danville. Va., and
179
281
branches
Salisbury, N. C., to Morristown,
231 Lockhart RR
Tenn
149
Memphis to Stevenson, Ala
272 Other
Bristol to Chattanooga, Tenn..
242
Operated under agreement—
Knoxville to Cumb’d Gap, Ky_
Roswell
RR
12
66
Ooltewah Junction, Tenn., to
Tenn. Central (E. Dlv.)
206
Controlled by securities—
409
Brunswick, Ga
Austell, Ga., to State L., Miss
165
261 Atlantic & Yadkin
Atlanta Jet., Ga., to York, Ala.
271 State University RR
10
Atlanta Ga.,to Ft. Valley, Ga. 102 Elberton Air Line RR
51
E. St. L., Ill., to N. Alb., Ind__
Carolina
Midland
54
265 North
Branches, &c
145
1,611 Other roads
Trackage rights—
Total owned
4,521 Hardeev’e, S. O., to Sav., Ga..
23
Leased—
7
Washington, D.C., to Alex.,Va.
•Atlanta & Charlotte Air L..
Stevenson to Chattanooga, &c_
39
Chari., N. C., to Atlanta, Ga
263 York, Ala., to Meridian, Miss..
27
•Georgia Midland Ry
98 Birmingham to Mobile Jet., Ac,
19
Franklin & Pittsylvania
30 Kentucky & Indiana Bridge
10
•Mobile & Birmingham RR.—
Selma, N. C., to Pinners Pt., Va 155
Selma, Ala., to Marlon Jet
150 Savannah, Ga., to Jacksonville 152
•Southern Ry., Car. Dlv.—
Other
65
Charleston, S. C.,to Augusta,
Ga., with branches to Co¬
lumbia, S. C., &c
Total mileage op. July 1906.7,515
252
Camden,S.C.,to Marlon,N.C. 171
Controlled—operated separately—
926
Ashev., N. C., to Alston, S.C. 134 •Mobile & Ohio
Other branches
157 •Augusta Southern
83
•Richmond & Mecklenb. RR..
31
(•See this co.)
Also has one-sixth Interest In Richmond-Washington Co., owning union
line between Richmond ana Washington, 115 miles.
V. 75, p. 449.
Has perpetual trackage rights over Atlan. Coast Line RR. between Sa¬
vannah, Ga., Jesup and Jacksonville, Fla., 152 miles.
In July 1905 an option for 3 years for purchase of practically all of the
stock and nearly all of the bonds of the Tenn. Central and the Nashville
Term. Co., jointly with the Ill. Cent., was obtained, and on Dec. 1 1905 the
Southern took over the operation of the portion of main line from Nashville
to Harriman. Tenn., 166 in., and the Carthage and Crawford branches,
aggregating 40 miles. V. 81, p. 1494, 1725; V. 83, p. 978.
In Dec. 1905
the Transylvania RR., Hendersonville to Lake Toxaway, N. C., 42 m., was
leased.
V. 81, p. 1793.
In July 1906 the Birmingham Southern RR., 26
V. 83, p. 39.
miles, was re-sold to the Tenn. Coal, Iron & RR. Co.
In Aug
1906 acquired the entire stock of the Virginia & Southwestern, extending
from Bristol, Va., northerly to Big Stone Gap and southerly to Mountain
City, Tenn., 134 miles, contract having been let in June 1906 for extension
from Moccasin Gap to Persia. Tenn., 38 miles.
V. 83, p. 626.
Affiliated but Operated Separately (See each company).
Alabama Great Southern
357INorthern Alabama
117
Clncln. N. O. & Texas Pacific
3361 Georgia Southern & Florida
397
ORGANIZATION. &c.—A reorganization In 1894 of the old Richmond
& West Pt. Ter. system per plan In V. 58. p. 363, 385.
See also V. 56>
p. 858, 874, 1016
1058, and V. 57, p. 61.
»
saagfcssuss£SR£ess^ss^si^^i
o
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■?' .1 *.'!. ». " '-I!—T*
Apr.. 1907.
RAILWAY STOCKS AND BONDS.
137
138
RAILWAY STOCKS AND BONUS.
a
WAP OF THIS
SOUTHERN PACIFIC COMPANY
PACIFIC SYSTEM
[VOL.
LXXX1V.
http://fraser.stlouisfed.org/
iaOttik»*a
Federal Reserve Bank of St. Louis
mmmm
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APK.,
1907.1
RAILWY
STOCKS
AND
BONDS.
139
X.
Ai'UwilJ**-'**
140
RAILWAY STOCKS AND BONDS
RAILROADS.
For explanation of column headings, &c.
on first page of tables.
Southern
see
Miles
Date
of
of
notes
Road. Bonds.
INTEREST OR DIVIDENDS.
Size,
Par
Amount
Rate
When
Value.
Outstanding
%
Payable.
$1 000 a$l ,025,000
1.000 b2,531,000
1.000
1,000
1,000
1,000
.
.
.
lltt*
.
F
J
&
&
A
J
do
do
do
do
S
g
g
g
J
M
J
J
&
&
&
&
J
N
J
J
ao
2,000,000
5
5
6
6
do
do
do
do
4,500,000
6,583.000
196,000
150,000
12,500,000
8,089,000
5
5
6
4
4
4
g
g
M
J
J
J
J
M
&
&
&
&
&
&
3,106,000
1,000
1,000
&c
500
1.000
1,000 &c
1,000
1,000
1,000
1, 650. 000
100
3 g
7
5 g
4
4,|000.
000
600,000
1,200 000
200 1,000
STOCK.—Authorized $120,000,000 com. and $60,000,000 5 % non-cum.
No additional mtge. can be put upon the property, nor can the
pref. stock be Increased without the consent of holders of a
majority of the pref.
As to question whether the pref. Is subject to call,
see V. 72. p. 1136.
pref. stock.
amount of the
VOTING TRUST.—A majority of both classes of stock Is deposited with
three stock trustees under an extension consented to In 1902, until Oct. 15
1907, and thereafter until terminated by a vote of a majority of the stock
assenting thereto, although the stock trustees may. In their discretion,
deliver the stock at an earlier date.
Stock trustees: J. P. Morgan, Charles
Lanier and George F. Baker.
Provisions of voting trust and pref. stock
cert. In “Supp.
of April 1897, p. 6. As to extension, see V. 75 p. 442,
612, 1033.
DIV’DS (%)
pref.
\ 1897
j
1
1898
1
1899
2
1900
1901
3
4
1902 to Apr 1907
5 yearly, A.&.O.
BONDS.—The 1st consol, mtge. (see abstract In V. 59. p. 783; see also
V. 81, p. 1850 V. 84 p. 392) is limited to $120,000,000, viz.:
Issued to June 30 1906 (of which $2,378,000 In treasury)
$48,155,000
Issuable only to [“prior bonds" (see V. 59, p. 785)
64,100,000
retire certain i stocks (see V. 59, p. 786)
5,700,000
(equipment obligations (see V. 79, p. 786)
102,700
To be Issued hereafter only for extensions and additions at not
exceeding $2,000,000 yearly, with a single exception as to
$4,000,000 (see V. 59, p. 786)...
1.942,300
Prior bonds must be paid by maturity, except those of Atl. & Chari. Air
Line, Ala. Cent.. Chari. Col. & Aug. and Richm. York River & Ches.
The “development and gen. mtge.
bonds ($200,000,000 authorized Issue)
will be used to fund the capital obligations and divisional prior lien bonds
outside of the 1st consols and provide for future additions and Improvements
and betterments of the system, as follows:
Application of $200,000,000 Development and General Mtge. Bonds.
Issuable forthwith to refund payments for equipment heretofore
made, Investments In securities and advances to subordinate
roads, acquisitions, double-tracking, &c
$15,000,000
Reserved for following purposes:
(1) To retire divisional prior liens not provided for by the con
solldated mortgage
31,158,000
(2) To retire not later than April 1 1909 the collateral trust 5s.. 16,000,000
(3) To retire equlpm’t capital obligations maturing In the next
15 years
18,008,000
(4) To acquire capital stocks of certain leased lines.
10,000,000
(5) To pay not later than July 1 1908 for Eastern Division of
Tennessee Central and Immediate Improvements
10,000,000
(6) To provide for future acquisitions and betterments under
stringent provisions (a) at not exceeding $5,000,000 yearly
for Improvements and equipment and (b) in exchange for 1st
mtge. bonds not exceeding in amount the actual cost thereof
of railroads and terminals hereafter acquired
99,834,000
The "development and general mtge. bonds, after consummation of pur¬
chase of Eastern Division of Tenn. Cent. RR. and retirement of the $16.000,000 collat. trust 5s of 1909, will be a first lien on 971 m. of road owned
In fee, the leasehold, trackage or other rights on 1,085 miles, and the ma¬
jority of stock of roads aggregating 475 miles, a total of 2,531 m.; also on
stocks giving perpetual rights to use freight and pass, terminal
properties
at 16 of the
principal Southern cities, including a bridge over the Ohio River
at Louisville, and all future acquisitions constructed or acquired.
They
will also be a second Hen subject to existing divisional mtges., for which
bonds are reserved, on 1,247 miles and a general lien subject to the 1st con¬
sols on the property covered thereby.
See circular, V. 82, p. 397.
Divisional 1st mtge. bonds, issued in 1898 on account of purchase of Mem.
& Chari. Ry.
bear 5% Interest since July 1 1906.
The total authorized
Issue Is $8,000,000 but $1,500,000 (of which $1,200,000 Issued) was reserved
to build a line for which contracts were let in 1905, replacing trackage be¬
tween Stevenson and Chattanooga, 38 m.; the remaining $1,117,000 is held
for betterments at not exceeding $100,000 yearly.
See V. 67, p. 179;
V. 81, p. 1180; V. 83. p. 436; V. 84, p. 392.
Second mtge. on former Mem. & Chari, secures $2,500,000 of 5s, of which
$1,500,000 owned by So. Ry. June 30 1906 and $1,000,000 reserved for lm-
former
Srovements.
t. L. RR., consisting
St. LouisofDivision
mtge.
covers
Lou. the
Evansv.
&
374 miles
and
of main
linethe
branches,
balance
being reserved for extensions, improvements
or
g
g
g
4 g
1,500,000
4 g
315,000
1,700.000 7 in 1906
4 H
500,000
4,250,000
4X
750,000
4H
100
1.000
1.000
500
In 1903-04 Jointly with Lou. & Nash, acquired $13,670,300 of the $15,500,000 Chic. Ind. & Lou. stock In exchange for their Joint 50-year 4%
bonds.
V. 74. p. 1029, 1090.
additional equip¬
V. 72, p. 138; V. 84, p. 392.
The collat. trust 4s of 1901 have been Issued, $ for $, In exchange for the
Mobile & Ohio gen. 4s as acquired, by a pledge of which they are secured.
Stock trust certificates for M. & O. stock are now entitled to dividends at
rate of 4 % per annum in perpetuity.
V. 72, p. 242,822.
In 1906 $8,086,000 of the $9,472,000 bonds and $5,670,200 of the $6,070,600 stock had
been deposited.
V. 72, p. 439; V. 73, p. 664.
See M. & O. statement.
Jointly with St. L. & San Fran. RR. guarantees bonds of N. O. Term. Co.
V. 77, p. 38, 699; V. 79, p. 1466.
Equipment trusts mature as follows: Series E $150,000 each J. & D. to
June 1906, Inch, and $147,000 each J. & D. thereafter; series H, $225,000
each M. & N.
Late In 1905 $2,800,000 4 % series K equipment trusts were
sold; in 1906 $9,000,000 series L.
V. 81, p. 1850; V. 82, p. 1323.
Miscel.
equlpt. contracts June 30 1906, $331,006.
In Mch. 1907 consols, were be¬
ing Issued in exchange, $ for $, for the $2,000,000 Chari. Col. & Aug. 1st 5s;
$946,000 had then been exchanged.
V. 73, p. 1265.
Guaranty of Ala.
Gt. Sou. certs., V. 81, p. 1725; V. 82, p. 162.
GENERAL FINANCES.—The stockholders on April 18 1906 author¬
ized a development and general mtge. to secure $200,000,000 bonds, of
which It has been arranged to sell the $15,000,000
present Issue and the
first $5,000,000 additional to be Issued.
See “Bonds” above.
In April 1904 $15,000,000 5-year collat. trust bonds ($16,000,000 author
ized Issue) were sold, secured by stocks and bonds In the treasury, giving an
When Dus.
Stocks—Last
Dividend.
Feb
1
1
1924
1914
July
July
1
1
1
1
1930
1956
1918
1925
S
do
do
ISeot
J
do
do
July
J Phlla Tr. S D & Ins Co July
J J P Morgan & Co, N Y July
J
do
do
Jan
s
do
do
Sept
1
1
1
1
1
1
1938
1996
1913
1998
1951
1938
do
do
do
.
July
July
Nov
R y
4
5
4
4
5
g
g
g
S
A
M
M
A
J
A
A
F
J
J
J
&
&
&
&
&
&
&
&
&
&
&
J
J
J
J
&
&
&
&
5 g
M
J
A
J
a$225,0 oo4 g
5 g
4 g
---
ment.
pal
'
uthern
200 1,000
Preferred stock
100
900,000
Northern Alabama Ry—See that Company
Virginia & Southw — 1st M $2,000,000 g guar
136
1902
Mo
1,000
2,000,000
aAtiantic & Danville first mortgage
278
Me
1900
1,000
3,925.000
Second mortgage gold
Ta
278
1904
1,000
775 000
aTransylvanla 1st M $500,000 gold
S.c*&r
42 1906 1,000 &c
434,000
Southern Railway. Carolina Division—
aSouth Car & Georgia 1st M gold $5,250,000..Ce.c*
245
1894
$1,000 $5,250,000
•Spar Union & Col $1,000,000 guar Ash & Sp gold
1895
1.000
1,000,000
Sumter & Wateree River RR first mortgage..__Ce
16
1899
1.000
100,000
General mortgage $18,000,000 gold
N
1902
1,000
5,000,000
Also additional amounts pledged June 30 1906
under first co nsolldate d mortgage
unissued
Where Payable, and by
Whom.
4
6 g
12,770.000
1.000,000
100
—
•
Bonds—Princi¬
or
Railway—(Concluded)
Washington Ohio & Western first mortgage._..Ce
50
1884
Westerne
North Carolina 1st
eons M gold
309
1884
*c.
C
East Tennessee Virginia & Georgia
Div M gold (Bristol. Tenn, to Selma. Ala)__Ce.c*
1880
552
ETVa & Ga eons M gold ($20,000,000).-Ce.c&r
1886
1.020
Alabama Central 1st M Selma to Meridian gold _Ce
95
1879
Knoxville & Ohio 1st M gold (V 79, p 1460) _Ce c*&r
66
1885
B—Southern Railway Divisional Securities.
East Tennessee lien gold
Ce.c*&r
1,020 1894
First M on Memphis & Ch ($8,000,000) gold_G.c*'
292
1898
Charlottesville & Rap 1st Ms f red par Jan 1 yearly
28
1879
Aiken Branch first mortgage gold (V 68 p S2fi)
24*
\
St Louis Dlv 1st M gold
365
IC\c* Ofcr.
Coll M g $9,500,000 s f sec M & O gen 4s
reifi
G.c**tefc
Mobile & Ohio bonds—See Mobile & Ohio RR CoA
C—On Properties Practically Owned by (•) or Leas ed to
(«) So
Yadkin first mortgage gold guar ..Ce.c*
•Atlantic
166
1899
oRlchmond & Mecklenburg 1st M 5315,000 gold
31
c
1899
aAtlanta & Charlotte—Stock
j
Prel M (old 7s extended In 1907, V 64 p 286) cur.c*; 265 ii
1877
265 H
1877
Income bonds (not cum) extended at 4
%
r
1880
•Georgia Midland first mortgage Interest guar
1896
98
Ce
aNorth Carolina stock 7 % guaranteed
aMoblle & Birmingham RR prior lien gold
149
1895
Ce.c
First mortgage $1,200,000
Me c
149
1895
on
VOX,. LXXXIV.
o
N
do
do
do
do
SiU S Mort & Trust. N Y
O Central Tr Co, N Y
do
J
do
O
do
do
O J P Morgan & Co, N Y
A Burlington, N C
J J P Morgan & Co. N Y
J
do
do
J
do
do
J
J
J
J
April 1
1949
Nov 1 1948
Mar 6 ’07 3 V, *
Jan
1 1910
Jan
1 1910
Jan
1 1910
1946
Feb 1907 3K %
July 1 1945
July 1 1945
Jan 1 1907 ax
Bank of Man, 40 Wall.NY Jan 1 2003
Mercantile Trust Co, NY July 1 1948
Trust Co of Amer. N Y July 1 1948
Standard Trust Co, N Y Jan
1 1956
&
&
&
&
N J P Morgan & Co, N Y May
J
do
do
Jan
O
do
do
Aorll
J
do
do
July
b$l .3 25,000.
1
1
1
1
1919
1995
1919
1952
annual Income of $939,172, the proceeds being used to refund the
$4 000,000
collat. trust certificates of 1901 and $10,000,000 certificates of Indebtedness.
V. 78, p. 1224, 1448, 2385.
Official statement showing capital needs and expenditures
during 12
years, V. 84, p. 159.
In Jan. 1907 $15,000,000 3-year 5% notes were sold.
V. 84, p.221.
Extension of Atlanta & Charlotte Air Line bonds, V. 83,
p. 1348.
LATEST EARNINGS.— 11906-7 .Gross $37,440,727; net,
$8,381,261
8 mos., July 1 to Feb. 28. J 1905-6 ..Gross,
35,590,801; net, 10,216,767
For 6 mos. ending Dec. 31 1906, net, $7,104,563, against
$8,016,681 in
1905; other income, $733,941; charges, $5,668,546; dividends, (2Y>%)
$1,500,000; bal., sur., $669,958.
V. 84, p. 571.
ANNUAL REPORT.—Fiscal year ends June 30.
Annual meeting Is held
the second Tuesday In October.
The report for 1905-06 was given at length
In V. 83, p. 965, 977.
See also editorial, p. 940.
.
,
Traffic.—The freight tonnage Is widely diversified, which is an element of
strength.
Agricultural products In 1905-06 furnished only about 12 % (cot¬
ton about 4 %), while about 39 % was from
mining Industries (27 % being coal)
and about 30 % was product of manufactories.
Ton rate, 0.930 cents por
mile; train-load, 236 tons.
Years end. June 30—
1906.
1905.
1904.
1903.
Average miles operated.
7,374
7,199
7,164
7,129
Freight
$36,141,547 $31,775,326 $30,032,416 $28,081,034
Passengers.
13,259,114
12,471,572
11,314,045
10,804,542
Mall, express, &c
4,240,778
3,898,210
3,763,316
3,468,485
Gross earnings.
Otherlncome
$53,641,439 $48,145,108 $45,109,777 $42,354,061
$13,868,300 $13,062,594 $11,994,310 $11,364,921
1,589,000
1,612,840
1,395,181
1,211,261
Total net Income
Interest and rentals
Other deductions
$15,457,300 $14,675,434 $13,389,491 $12,576,182
$9,853,358
$9,290,433
$8,952,329
$8,446,041
1,374,703
1,289,918
1,030,569
422,663
Net earnings
Bal..
sur. for year
$4,229,239
$4,095,083
$3,406,594
$3,707,478
pref. (5%) $3,000,000
$3,000,000
$3,000,000
$3,000,000
OFFICERS.—Pres., W. W. Finley, 80 Broadway, N. Y.; Sec., R. D.
Lankford, 80 Broadway. N. Y.; Treas , H. C. Ansley, 1300 Pennsylvania
Avenue, Washington,JD.[C. 1
Directors—A.*B. Andrews,'Raleigh,'N. C.; Joseph Bryan, Richmond,
Va.; W. W. Finley, Washington, D. C.: S. M. Inman, Atlanta, Ga.; Adrian
Isclin Jr., Charles Steele. James T. Woodward, Harris C.
Fahnestock,
Robert M. Callaway. Charles Lanier and Edmund D. Randolph of N. Y.—
(V. 83, p. 1412, 1472; V. 84, p. 52, 159, 221; 340, 392,571.804.)
Dividends
on
SOUTHERN RAILWAY, CAROLINA DIVISION.—Charleston, S. C., to
Augusta. Ga., with branches to Columbia, S. C., &c., 252 m.; Camden, S.O.,
to Marlon, N. C., 171 m.; Asheville, N. C., to Alston, S.
C., 134 m.; other
branches, 138 m.; total, 695 miles.
Leased to the So. Ry.
Stock author¬
ized, $7,798,700, all owned by the So. Ry.
Of the generals of 1902 ($18,000,000 authorized). $6,260,000 are reserved to retire at or before maturity
the underlying divisional bonds, $5,000,000 have been used to reimburse the
So. Ry. for the previous purchase of the several properties, and the remain¬
der are available for Improvements, equipment ana
extensions, $4,000,009
being reserved for a northwestern extension Into and through the States of
South Carolina, North Carolina Virginia, Tennessee and Kentucky.
V.75,
p. 136.
Pres., A. B. Andrews.—(V. 75, p. 31, 136.)
SOUTHWEST PENNSYLVANIA RY.— Mergeo
vania RR.
Apr, 1 1906 In Pennsyl¬
SOUTHWESTERN RR. (Oa.)—OwnsTMacon, Ga., to Eufaula; Fort Val¬
ley to Columbus, Ga., &c. withTbranches; total, 333 miles.
Leased for 101 years from Nov. 1 1895 to Central of Georgia
Ry. at a
rental of 5 % on stock.
As to suit, see^V.:71,rp. 809; V. 73, p. 1062.
SPOKANE INTERNATIONAL RR.—Owns'^from Spokane,
Wash., to
Yahk, B. C., on the Can. Pac. Ry., about 140 m.. opened late in Oct. 1906.
Canadian
Pacific, with which road it has
a
traffic agreement,
has
a
10-
option to purchase 51% of stock.
Stock, $4,200,000; par of shares,
$100.
Bonds, $4,200,000 tsee table above). have been sold.
V. 81,
p. 156, 1551.
Pres., Chester W. Chapin; Sec. and Treas., Alfred C. Chap!*,
192 Broadway. N. Y.—(V. 82, p. lOl.)#*
•
year
SPOKANE
TERMINAL
SPRINGFIELD
UNION
CO.—See
"Street
Railway” section.
DEPOT CO.—V. 77. p. 770; V.
79, p. 2589.
SPUYTEN DUYVIL & PORT MORRISIRR —Owns 6 m. double track
and connects the N. Y. C. & Hudson with the N. Y. & Harlem.
Leased
to N. Y. C. till Dec. 31 1970 at 8 % on stock
•
v.
STANLEY
STATE
MERRILL
LINE
&
PHILLIPS
RR.—See Issue of Jan.
1906
& SULLIVANIRR.—Owns
Monroeton, Pa., to Berenice,
Pa., 24 miles. Stock, $980,250 (par, $50). Dividend, 1 %, paid Dec. 7 1904.
Mtge. covers 5,000 acres coal lands. The bonds are subject to call at 105 af¬
ter 1914 at par. V. 67, p. 1209. Road leased till 1934 to Penn. & N. Y. Canal
& RR. (rental, $40,000 per ann.) ,rand.so oper. by Lehigh Valley.—(V. 74,
p. 479 V. 76, p. 332.)
STATEN ISLAND RY.—Clifton to Tottenville, 12.64 miles. STOCK.—
$1,050,000, of which $569,850 owned by Balt. & Ohio; par, $75. Year end¬
ing June 30 1900, gross, $237,794: net, $6,327: Int. and taxes, $32,093;
balance, deficit $25.766.—(V. 61. p. 737.
STILLMORE AIR LINE R Y.—See Wadley Southern Ry.—(V.83. p.436.
STOCKBRIDGE’&IPITTSFIELDJRR,—See'N. Y. N. H. & Hart. RR.
•SULLIVAN COUNTY RR.—Road from " nows Falls to Windsor, Vt.,
Road opened 1849; operated since .
26 miles.
rll 1893 by Boston & Maine.
Net earnings, less taxea'and Int. on bonds, paid lessor. Stock, $500,000,
owned by Vermont Valley RR.
For year 1905-06. gross, $401,089: net.
$70,710; Int., taxes, &c., $28,174; dlvs. (8%), $40,000; bal., sur., $2,536.—
(V. 65, p. 867.)
Apr., 1907.]
explanation of column headings, &c., see notes
on first page of tables.
Southwest Penn—See Pennsylvania RR
Southwestern (Qa)—Stock (see text).
Spartanburg Union & Columbus—See Southern Ry, C
Spokane International—1st M $4,200,000 gold
K
Bonds—Princi¬
INTEREST OR DIVIDENDS.
RAILROADS.
For
141
RAILWAY STOCKS AND BONDS
Miles
Date
of
of
Road. Bonds.
333
arolln
Size,
pal, When Due.
or
Par
Amount
Rate
When
Value.
Outstanding
%
Payable.
$5,191,100
$100
Dlvls ion.
1905
1,000
100
1903
1.000
1898
1,000
altlmo re & Ohi
J
5
&
Where Payable, and by
Whom
J Savan, Ga, & Macon.
,
Stocks—Last
Dividend.
Ga Jan 5 ’07 2H %
a
July 1 1955
See text.
Jan 1907 4 %
6
J
989,000
Spuyten Duyvil & Pt Morris—Stock 8 % guar N Y Cen
M
52
May 1 1918
300,000
Stanley Merrill & Phillips—First mortgage gold
Jan
1 1929
J
24
207,000
State Line & Sullivan—1st M $300,000 gold
Un.c*
o
Staten Island Ry and Staten Island Rapid Transit— See B
Suffolk & Carolina.
See Norfolk & Southern
A
1894
4
&
O Safe Dep & Trust Co, Bos April 1 1924
1,000
357,000
Sullivan County RR—First mortgage $400.000
c
Sunbury Hazleton & Wilkesbarre—Sunbury & Lewist own— See Pe nnsylvan la RR
6
100
&
J Manchester N H Nat Bk Jan 1907 3 %
J
240,000
Suncook Valley—Stock 6 % rental €on & Mon
A
&
1 1952
5 g
47
1902
o Fidelity Trust Co, Phlla Oct
1,000
700,000
Susq Blooms & Berw—1st M $700,000 gold
FP
Feb 1 1907 2 %
D L & W RR Co, N Y
81
100
Q —F
2,500,000 8 In 1906
Syracuse Binghamton & New York—Stock
100
Grand Cent Station, N Y May 1 1907 H %
1,325,000
3H
Q —F
Syracuse Geneva & Corning—Stock 3H % rental)..
do
do
Mar 1 1909
M
&
64
1879
5
s
600,000
1,000
Second (now first) mortgage.
F,c
5
1 1923
N W Harris & Co, Chic Jan
J
&
J
69
1903
884.000
Tac East—1st M $1.500.000 g red 110 begin ’08__IC.c*
1,000
g
5 g
44
1901
J
&
J International Tr Co, Bost July 1 1921
1,000
374,000
Tallulah Falls—First mortgage gold.
IB
1 1933
5 g
1903
J
&
44
J Standard Trust Co, N Y Jan
First consolidated mortgage gold redeem 105.S.C* &r
1,000 &c
500,000
6 g
48
&
J Standard Trust Co, N Y 1929
1899
J
1,000
150,000
Tampa & Jacksonville—GainesvA G}lstM$150,000gSc*
30 years
5
See text
New mortgage $5,000,000 authorized
1 1934
4 g
&
320
1904
J
J Miss Valley Tr Co, St L Jan
Tennessee Cent—Prior Hen M $4,200,000 g red.MSt.c*
4,014,000
1,000
Jan
1 1954
5
J
&
320
1904
General mortgage $20,000,000 gold (see text)
1,000
JiMercantile Tr Co, StLouls
8,000,000
g
c*
&
5 g
J
16
1905
JiNew York
July 1 1935
Tennessee Ry—First mortgage $2,500,000 gold.S c*&r
1,000
250,000
O J P Morgan & Co, N Y Oct
1 1939
4 Vi g A
&
1889
Terminal Railroad Association—First M gold
1,000
7,000,000
S.c*
F
A
do
do
&
1894
5 g
5 000.000
First consol mortgage $12,000,000 gold.
Aug 1 1944
1,000
_S.c*
Jan
1 1953
4 g
do
do
J
&
J
1903
1,000 &C 18,900.000
Gen M ref $50 000,000 g s f red (text)
Ce.c*&r
Jan 1907 3%
6
do
do
J
&
J
100
St Louis Brtdge Co first pref stock guaranteed
2,490,000
do
Jan
’07
do
3
&
J
100
J
1H%
Second preferred stock guaranteed (endorsed)
3,000.000
500 &C
A
7 g
&
O New York and London
First mortgage gold
1879
April 1 1929
5,000,000
c*
&
J J P Morgan & Co. N Y Jan 1907 3 %
6
J
Tunnel RR of St Louis stock guaranteed (endorsed)
1.250,000
4 g
A
O Grand Cent Station, N Y April 1 1946
1 ,000
&
11
1896
Terminal Ry (Buffalo)—1st M $1,000,000 gold__N.c*
1.000,000
i
Terre Haute & Indianapolis! See Vandalla RR.
Terre Haute & Logansport f
Mar 1 1937
&
S 1 Union Trust Co, N Y
5 g
M
138
1887
23,000
Terre Haute & Peoria—First mortgage gold
$1,000
Un
138
M
&
S JR Winthrop & Co. N YiSept 1 1942
1892
1 000
First M $2,500,000 gold guar p & 1 (end)
2,207,000
5 g
Uu.c*
Texas Central—Common stock..
2,649,300 5 In 1906 Yearly. Farmers L & Tr Co, N Y July 16 1906 5 %
.T;
%
&
do
do
Jan 15 ’07 2
1.324.500 5 in 1906 •T
Preferred stock non-cumulative
do
do
227
1893
First M $2,000,000 gold red 110 ($150,000 4s)..Fc* '
*650!000 4 & 5 g A & O
April 1 1923
1.000
_
J
5 g
8
5 g
&
&
&
&
J
J
N
J
Knickerbocker Tr Co,NY
Grand Cent Station, N Y
Office, Eau Claire. Wls
Union Trust Co, N Y
•
—
—
.
SUNCOOK VALLEY RR.—Owns road Suncook to Pittsfield, N. H., 17
miles. Leased till 1012 to Concord & Montreal for 6 % on $240,000 of capital
stock; total stock Issued Is $341,700, of which $101,700 Is non-dividend pay¬
Pres., Hiram A. Tuttle. Pittsfield, N. H.
SUSQUEHANNA BLOOMSBURQ & BERWICK RR —Watsontown to
Berwick, Pa., 47 miles. V. 75, p. 343. Stock, $1,000,000, all outstanding:
par of shares, $50.
Bonds, see table. V. 75, p. 1303; V. 82, p. 753.
Year ending June 30 1906. gross, $213,409; net, $98,732; charges, $50,098.
Pres., J. Henry Cochran, Williamsport, Pa.—(V. 82, p. 753.)
SUSQUEHANNA & NEW YORK.—See issue of Jan. 1906.
SUSSEX RR.—Stanhope to Franklin, N. J., and branch, 30 miles. Oper¬
ated by Del. Lack. & Western, which owns a majority of the $1,638,600
stock. Dividends from earnings of 1899, 3 %; 1900, 4 %; 1901 to 1903, both
Incl., 2% yearly; 1904, 5%; 1905, none; 1906, 5%.
For cal. year 1906,
gross, $186,902; net, $26,028; taxes, $14,-318: dividends (5%), $81,930;
ing.
bal.. def., $70,840.
SYRACUSE BINGHAMTON & N. Y. RR.—Geddes, N. Y., to Bingham¬
ton, N. Y., 81 miles.
Controlled since 1869 by Del. Lack. & West., which
Jan. 1 1907 owned SI ,909,400 stock and purchased the $1,960,000 7% bonds
maturing Oct. 1
1906.
DIVIDENDS.—
Percent
REPORT.—
1906
1905
’88.
12
Gross.
$1,434,488
1,386,272
’91. '92. to Feb’07, Indus.
’89.
’90.
8
8
13
8 yearly <2% auar.)
Net.
lilt.
Dlvs.
Bal., sur.
$116,502
$200,000
$135,096
$451,598
—(V. 65, p. 568.
528,333
137,388
SYRACUSE QENEVA & CORNING RY.—Corning. N. Y., to Geneva, N.
Y., 58 miles; Penn Yan to Dresden, 6 m. Leased from May 1 1899 for term
of corporate existence to N. Y. Central for $46,375 per annum, payable
quarterly, Interest on bonds and other obligations, taxes and repairs, the
N. Y. C. owning $821,800 of the $1,325,000 stock, par $100. Rental equiva¬
lent to 3 Vi % on stock.—(V. 81. p. 1494.)
TACOMA EASTERN RR.—Owns Tacoma, Wash., to Watkins, 56 miles,
to bituminous coal fields; branches, 13 m ; total, 69 m.
In July 1906 re¬
ported to be sold to Chicago Milwaukee & St. Paul Ry.
Stock, common,
$750,000; pref., 6 % non-cum., $750,000; all Issued; par of shares, $100. Of
the bonds (see table above) additional amounts up to $1,000,000 can be Is¬
sued only at the rate of $13,000 per additional mile of track. V. 76. p. 655.
Pres., Edward Cooklngham, Portland, Ore.—(V. 76, p. 655.)
TALLULAH
FALLS
Prentiss, N. C., 53 m.;
pleted during 1907.
RY.—Owns Cornelia, via Tallulah Falls, Ga., to
extension to Franklin, N. C., 5 m.. Is to be com¬
Stock authorized, $500,000, of which $250,000 Is 5%
pref.; par of shares, $100.
Bonds are limited to $15,000 per mile.
Year ending June 30 1905 (35 miles), gross, $35,494; net, $3,859.
Pres.,
Geo. L. Prentiss, 31 Nassau St.. N. Y.—(V. 75. p. 241.)
non-cum.
TAMPA & JACKSONVILLE RY.—Sampson City to Fairfield, Fla., 48
miles.
Land grant. 480,000 acres.
In Aug. 1905 parties Identified with
the Georgia Sou. & Fla. acquired control.
Name was changed from
Gainesville & Gulf In Mch. 1907.
V. 84, p. 804.
In Apr. 1907 an exten¬
sion from Jacksonville to Tampa, Fla., 186 miles, was under construction,
branch
a
being also proposed from Sumter City to Gainesville, 39 miles.
V. 81, p. 613.
Stock auth., $1,000,000; par. $100; Issued, July 1906, $300,000.
In April 1907 a new mortgage was filed to secure $5,000,000 bonds.
Equipt. obligations June 30 1905, $2,876; current liabilities, $55,732.
Year end. June 30 1906, gross, $79,873; net, $26,886; oth. income, $398;
charges, $15,080; bal., sur., $12,204.
Pres., S. F. Parrott, Macon, Ga.;
Treas., H. E. Taylor, Gainesville. Fla.—(V. 81, p. 613; V. 84, p. 804.)
TEHUANTEPEC NATIONAL RY.—V. 83, p. 1230, 1591; V 84, p. 222.
TEMISCOUATA RY.—V. 83. p. 273, 626.
TENNESSEE & CAROLINA SOUTHERN RY.—V. 83. p. 1591.
TENNESSEE CENTRAL RR.—Harrlman, Tenn., westerly to Hopkins¬
ville, 251 miles: branches, 59 m.; lines at Nashville terminals, 10 m.: total.
320 miles. Extension from Nashville northwesterly, via Clarksville, to Hop¬
kinsville, Ky., 73 m., was completed In Dec. 1903.
Leases till May 1 2001,
and owns entire $1,000,000 stock of, Nashv. Terminal Co., Including termi¬
nals and bridge and 18 m. of track.
In 1904 reorganized without fore¬
closure. See below. V. 78, p. 1783; V. 79, p. 213.
In July 1905 the Illinois Central and Southern Ry. acquired an option for
3 years for the purchase of nearly all of the stock and bonds of the Tenn.
Cent, and Nashville Term., which In Oct. 1906 had not been exercised. On
Dee. 1 1905 the Southern Ry. took over the operation of the Eastern divi¬
sion, Naslnille to Harrlman, Tenn., with Carthage and Crawford branches,
and the Illinois Central the Western division, Nashville. Tenn. to Hopkins¬
ville. Kv. V. 81, p. 1316, 1437, 1725.
SECURIT1 ES.—Stock outstanding, $8,000,000. all com. (par $100).
The prior liens 4s of 1904 are suoject to call at 110 on .Jan. 1 1909, or any
subsequent interest day: of the bonds, $61,000 are reserved to retire the
$46,000 Nashville & Knoxville 6s due 1918.
V. 80, p. 1059.
The gen. 5s ($20,000,000 auth., Merc. Tr. Co. of St. Louis, trustee) are
limited (lncl. $4,200,000 reserved to retire prior lien 5s) to $37,500 per mile
on the 320 miles of present mileage.
The remaining bonds can only be Is¬
sued for additional mileage constructed or acquired at not over $25,000 per
mile. V. 78, p. 1783; V. 79, p. 213. The Nashville Term. mtge. is for $1,000.000; see that co.
Pres., J. M. Overton.—(V. 84. p. 571,869.)
TENNESSEE RY.
Owns Oneida, Tenn.. to Montgomery Mills, 28 m. In
Aug. 1906 contracts let for extension of 20 m.
Road to be 75 m. In all
when completed.
Stock authorized. $1,000,000; outstanding. $200,000;
Pres., Bird M. Robinson; See . M. T. De Vault. Of¬
par of shares, $100.
fice, 5 Nassau St., N. Y.—(V7. 81, p. 1242.)
TERMINAL RR. ASSOCI ATION OF ST. LOUIS.—PROPERTY.—Owns
and operates extensive terminals at St. Louis, with belt lines and bridges,
and a tunnel 4,800 feet In length; operates East St. Louis & Carondelet Ry..
12 in,, since Mch. 1 1902; V. 74. p. 479; V. 83, p 1168.
Touching the Mis¬
souri A: Illinois Bridge & Belt RR., see that company’s statement.
The following companies are
ORGANIZATION.—Organized In 1889.
sole owners: Cleveland Cincinnati Chicago & St. Louis, Louisville & Nash¬
ville St. Louis Iron Mountain & Southern, Baltimore & Ohio Southwestern,
Missouri Pacific, Wabash. Vandalla RR. (Penn. RR. system), Chic. Rock
Isl. & Pacific, St. Louis & San Frau., Chic. & Alton, Chic. Burl. & Quincy,
Ill. Central, Southern Ry. and the Mo. Kan. & Tex., the seven last named
having acquired their Interests In Dec. 1902 and Jan. 1903.
V. 75, p. 1355;
V. 76, p. 103.
These companies agree under contract to use the property
forever.and pay as tolls the Interest, taxes, rentals and other charges, and
each line will contribute Its proportion to the extent of one-fourteenth to
make up any deficiency from unforeseen circumstances. See V. 79, p. 499,
See also St. Louis Merchants’ Bridge Terminal RR.
LEASES.—The leases of the Bridge and the Tunnel are for their corporate
existence, and were made July 1 1881.
As to litigation, see V. 77. p. 299,
512; V. 78, p. 1908, 2443. 2600: V. 81. p. 32, J«6rt.
STOCK.—Authorized, $50,000,000; outstanding Sept. ’06, S2.8S2.000.
BONDS,&c.—Of the gen. M. ref. 4% s. f. gold bds. of 1953 ($50,000,000 authorized), $19,000,000 have been sold for new construction, Improve¬
ments and additions, $17,500,000 are reserved to retire existing bonds and
$13,500,000 for issue after Jan. 1 1906 at not over $1,000,000 yearly for Im¬
provements and acquisitions. A sinking fund commencing July 1 1906 will
retire $100,000 of these bonds yearly by lot at 110 and Interest if not
purchasable for less.
interest
p.
on
The entire Issue Is Subject to call at 110 and
See V. 76, p. 267, 383, 481, 807; V. 79,
and after Jan. 1 1910.
499; V. 83. p. 1168.
Guarantees $3,500,000 St. L.
Merchants’ Bridge Ter. 1st 5s and interest
$2,000,000 1st 6s of Merchants’ Bridge.
Sec *h^se '•ompapies.
ANNUAL REPORT.—Year ends June 30.
Balance.
Oth.inc.
Net.
Charges.
YearGross.
8ur$28,619
$2,360.973
1905-06
$936,459
$2,847,052
$1,453,133
1
999.702
2,213.106
sur217,914
1904-05
1
V6
£>
,401 |UlO
«fc 10»iUU
3UI
I
2,923,020
1,431,318
Chairman of Board, Julius S. Walsh; Pres., W. S. McChesney Jr.; Sec.,
C. A. Vlnnedge; Treas., F. C. Daab.—(V. 83, p. 1168; V. 84, p. 159.)
on
TERMINAL RY. OF BUFFALO.—Blasdell, N. Y.„ to Depew, Erie Co.,
N. Y., 11 miles.
V. 67,_p. 530.
Opened Sept. 15 1898.
Stock Is $1,000,LakeSh. & Mich. So. and N.Y.C.&H.R. RR each own 5.000 shares of
000.
the stk.
Year to June 30 ’06, gross, $69,658; net, $52,740; lnt. and taxes,
$47,3tf0; bal., sur., $5,440.
Sec., E. V. W. Rosslter, N. Y.—(V. 67,p.530.
TERRE
HAUTE
&
PEORIA RR.—(.See Map of Pennsylvania RR.) —
Road operated from Terre Haute, Ind., via Decatur, to Peoria, Ill., 174 m.,
of which 138 m. are owned and half Interest owned In 8 m., and 28 m. is by
trackage over other roads.
From Oct. 1 1892, leased for 99 years to the
Terre Haute and Indianapolis at rental of 30 % of gross earnings, with a
minimum sufficient to pay lnt. on debt, the lease being assumed Jan. 1 ’05,
by the Vandalla RR.
See V. 55, p. 766; V. 8!, r* 212.
Lessee owns $620,700 of the $1,837,400 pref. and $1,542,200 of the $1,926,800 common.
BONDS.—The consols (Union Trust Co., N. Y., trustee), carry the
guaranty of the T. H. & Indianapolis.
In 1905 all back coupons had been
paid, the litigation being settled.
V. 81, p. 156, 212; V. 72, p. 481, 873.
See guaranty, V. 81, p. 212.
EARNINGS.—For calendar year 1906, gross, $709,562; net, $63,337;
rental from lessee, $212,869; bal., loss to lessee, $149,532.—(V. 81, p. 212.)
RR.—ROAD.—Runs from Waco, In McLennan Co.,
&c.. 227 miles.
Extension from Stamford west to
completed Oct. 1906.
DIVID’S (p. C.)’96. ’97. ’98. ’99. ’00. *Ul. ’02. ’03. ’04. ’05. '06. 1907.
On common
2^ 2^ 24 2^
5
5
On preferred
3
3
3
4
47)4 5
5
5
5
5 Jan ,2H
Gross, $822,764; net. $307,329
LATEST EARNINGS.— 11906-07
8 mos.. July 1 to Feb. 28./1905-06-...Gross,
670,930; net,
274,257
Surplus over charges, 8 months. $286,665, against $253,593 in 1905-06.
BONDS.—In Jan 1907 preparations were being made to Issue $700,000
additional bonds for western extension; application was pending for can¬
cellation of the outstanding bonds and a re-issue under certain conditions.
V. 82, p. 1213, 453.
Report for year ending June 30 1906 was In V. 83, p. 1034, showing
gross, $945,241; net, $370,920; other income, $14,525; Interest. $40,128;
dividends, $198,690; new equipment and Improvements, $115,269: bal.,
$31.357.—(V. 82, p. 453. 1213; V. 83 p.689, 1034, 1038.)
TEXAS MIDLAND RR.—Road from Ennis on Houston & Texas Central
Ry. to Paris, Tex., 125 miles, of which 14 trackage over St. Louis South¬
western.
In 1893 purchased by Mrs. Hetty Green.
Stock, $500,000;
Total current liabilities July 1 1905, $2,051,787.
par, $100.
For year 1905-06, gross, $415,369; net, $66,008; charges, $61,800; bal.,
sur., $4,508.
Pres., E. H. R. Green, Terrell Tex.—(V. 63, p. 839.)
TEXAS & NEW ORLEANS RR.—(See Map So. Pac.) —Houston, Tex.,
to Orange (Sabine River), 111 miles: and Sabine Pass to Dallas, 314 miles,
Houston to Clinton, 8 miles; Nome to Sour Lake, 8 miles; total. 442 miles.
In March 1905 law was passed permitting sale of the line from Dallas to
Sabine Pass. 314 miles.
V. 80, p. 1425.
SECURITIES. «3cc.—The stock is $5,000,000, all but $400 owned by the
So. Pac.
First 7s are purchased by the s. f. at not over 110.
There were
also June 30 1906 $315,793 Texas school fund 6s. lnt. M. & N.. prln. paya¬
ble 2% per annum.
Lands unsold (451.954 acres on June 30 1905) became
a free asset Aug. 1 1905 on maturity of the main line mortgage.
The first mortgage of 1900 secures bonds at $20,000 per mile on the road
extending from Rockland to Dallas, Tex., about 218 miles, a part of which
was purchased In 1899, and extensions hereafter acquired or constructed
up to 40 miles.
Equipment bonds, $1,292,000
V. 70. p. 997; V. 71, p. 183.
V. 76, p. 1302; V. 80, p. 1425.
6s, all owned bv So. Pac.
In year ending June 30 1906, gross, $3,469,118; net, including other In¬
come,
$504,081; def. under charges and taxes. $161,214.
In 1904-05,
gross. $3,888,540: net. $703,252.— (V. 80, p. 1425.)
TEXAS & PACIFIC RY.—(See Map Mo. Pac.)—New Orleans, La., west
to*El Paso. Tex., 1,150 miles; Marshall via Texarkana Jet. and Whltesboro
to*Fort Worth, 335 m.: branches, 361 m.; total, 1,848, of which 92 m.
TEXAS CENTRAL
to
Stamford, Tex.,
Rotau, 42 miles.,
..
142
RAILWAY STOCKS AND BONDS.
RAILROADS.
For
explanation of column headings, &c.,
on first page of tables.
Miles
Dale
of
of
see notes
!
Ill
104
209
1893
1882
1893
1900
_
$1,000
1,000
1.000
1,000
100
1,387
1,387
361
1888
1888
1901
1,000
1,000
1,000
1905
1,000
1,000
1906
Texas & Pac Equip Ass’n Ser F guar $15,000
yearly
do
do
Ser G, guar. $25,000 y’ly.Me
Texas Short Line—First mortgage
gold
_Usm
1906
1901
9 A
46
196
1,000
500 &c
Tioga RR—First mortgage due 1882 and extended gold
1852
Toledo & Ohio Central—First M gold (V 53, p 436) _Ce
1885
Western Division first mortgage gold
N.c* Text.
1892
General M (V 62 p 594) ($2,000,000) gold
335
1894
Cec*;
St Mary’s Division first mortgage gold $500,000Moc*
61
1901
do
first pref Inc $500,000 non-cum 4 %._S r
6H 1901
Car trusts July 1 1906 (principal due monthly)
■
Equipment notes g $32,000 seml-ann (V 82 p 162)
1906
1,000
1,000
1,000
1,000
1.000
...
Guaranteed Bonds.
K&HC&CMg $3,500,000 s f red 110 after’11 .Mo
Continental Coal first M gold s f red at 110 after T2.S
Kanawha & Michigan Ry—See that company
Tol & Ohio Cent Ext 1st M (foreclosed) Int only guar
Toledo Peoria & Western. 1st M (for $5,000,000) F c*
Toledo Ry & Term—1st M $3,500,000 gold guar
c*
Tol Riverside 1st M g red 102 A to March 15)09
guar
Tol A A W mor g red 102 ^ after Sent 1907 not
guar
Toledo St Louis & West—Pref stock 4 % n-c
Prior lien mortgage $10,000,000 gold
F c&r
First M g $6,500,000 red after July 1925 __Col.c&r
Equip trust certs gold guar $50,000 due s-a._PeP c
Toi.-do <aginaw & Muskegon—First mortgage
Toledo Walhonding Valley & Ohio—Stock $4,000,000
First mortgage ($20,000] A guar p & l (end)__F c*l
1901
1902
___
...
451
451
96
1.000
100
1 ,000 &c
1 ,000 &r
$38,763,810;
1,662.000
Branch
.
56,017
584,162
61,744
$5,115,702
$1,475,659
$4,504,387
$4,383,199
$1,490,015
$1,507,783
(5)1,233,806 (5) 1,233,806 (5) 1,233,806
164,140
333,764
345,438
312,297
Improvements, equipment, disc., Ac.
1,742,045
1,283,981
1,422,147
J
M
J
F
&
&
&
J
&
pal. When Due.
Stocks—Last
;
Dividend.
by
J None In 1905-1906.
April
S So Pac. 120 B’way, N Y Sept
J
do
do
July
A
do
do
Aug
&
l 1993
1 1912
1 1943
1 1930
D Mercantile Trust Co, N Y June 1
5% paid March 1 1907
Dec
1
J Mercantile Trust Co, N Y;Jan
1
March 1
J
A'A
5
4
4
5
5
Where Payable, and
Whom.
&
Q—M
Q-M 15
J
&
J U S Mort & Tr Co, N Y
M
&
N Newbold’s Son & Co, Phil
J
&
J Central Trust Co, N Y
A
&
do
do
J
&
D
do
do
F
&
A
do
do
earned.
do
do
Monthly
g J
&
.
J
J
F
To Dec 15 1915
To Dec 15 1916
Jan
1 1921
Nov 1 1915
1935
July
Oct
1935
June
1935
Feb
1951
Feb
1951
iTo Aug 1 1908
;July ’07-Jan ’13
J,J P Morgan & Co, N Y July
A
2000
2000
1931
do
do
Feb
1
1
1951
1952
M
I
Nov 1 1938
r
!Amer Exch Nat Bk. N Y July 1 1917
j
A
Julyl905 coupon last paid July 1 1954
M
March 1906 coupon paid Mar 1 1927
g
M
Ohio Sav Bk & Tr Co, Tol Sept 1 1922
g
Sec text. See text. Checks mailed.
Apr 15 ’07 2%
&
J Central Trust Co, N Y
3H g J
July 1 1925
4 g
&
O
do
A
do
April 1 1950
A Vi P M
S Penn Co Ins on Lives, &c Sep *07
-Sep ’16
5
&
J
J All owned by Grand Tr’k July 1 1918
3 In 1905 Year
All owned by Penn Co
|Dec 30 ’05 3%
&
J Farmers’ L & Tr Co, N Y July 1 1931
aa e j
a a e J
&
J;
do
do
July 1 1933
4 g
S
M &
do
do
‘Sept 1 1942
g
g
■
!
ORGANIZATION.—In 1894 Joint ownershlD and management by Pa.
RR. and C. B, & Q. was arranged.
Stock, $4,500,000 (par $100); out¬
standing, $4,076,900.
Mortgage abstract, V. 45, p. 242.
Equipment trusts and notes July 1906, $287,771; bills payable, $572,500
Including $220 000 Issued Jan. 1905. to pay oil the debenture
scrip.
EARNINGS.—8 mos.J 1906-07
Gross. $860,850;
net, $199,335
July 1 to Feb. 28.
\1005-08
Gross.
905,741;
net.
207.279
Sumlus over 8 months’ charges, $6,216 In 1906-07, against
$23,802.
ANNUAL REPORT.—Report for 1904-05 In V. 81,
1433.
$100.
FINANCES.—On second 5s there Is no right to foreclose unless default Is
on 1st mtge. The co. has been
spending its earnings freely in needed
Improvements: In 1900 made 1st payment on Incomes, viz.: 1 A %; in 1901,
4 %: since to Mch. 1 ’07, 5 % yearly.
In Feb. ’04 all except $980,000 of the
Texas & Pac. seconds had been exchanged for 65
% In new St. Louis Iron
Mountain & Southern gold 4s.
V. 68, p. 525, 619, 725, 774; V. 70, p. 533.
Funded debt per mile owned, Dec. 31 1906,
$29,498; Interest charge, $1,552
(of w’lrch $712 conditional on earnings;) cap. stock, $20,976. V. 84,
p. 688.
EARNS.—3 mos. end. Mch. 31 ’07. gross,
$12,830,344; 1906, $10,041,874.
ANNUAL REPORT.—Report for 1906 was In V. 84,
p. 687.
Year ending Dec. 31—
1906.
1905.
1904.
Miles operated..1,848
1,826
1,826
Gross earnings
-.$14,914,608 $12,130,391 $12,433,147
Net earnings
5,059.685
3,920,225
4,321,455
Otner
.
9,550.000
6,500,000
950,000
made
Interest on second incomes
Fire claims (year 1894)
Taxes
150,000
175,000
10,000,000
1 .000
BONDS.—See 1888 mortgage abstracts, V. 47, p. 82; V. 78,
p. 1448.
The Weatherford Mineral Wells & Northwestern
($500,000 5s of 1902) are
guaranteed principal and Interest, by endorsement.
V. 78, p. 344.
The
Opelousas Gulf & Northeastern bonds (authorized Issue $5,000,000) are
also guaranteed.
V. 83, p. 689.
Suit as to old bonds, V. 82, p. 1440.
Louisiana Branch Lines mtge. is limited to $7,000,000.
V.72,p.577,1189.
Interest scrip, Income and land grant bonds (a stock
liability), retlrable
under reorganization agreement), $112,192; other
scrip $7,710.
Total net Income
Interest oh first mortgage.
300,000
,895,000
,500,000
1,000
1,000
par,
5 g
5 g
5 g
5 g
5 g
239.500
5 g
> g
3,000,000
i f?
2,500,000
3
2,000,000
g
1 g
500,000'
500 000 Oct 1 if
o & 6
332,183
1,000
by the plan In V. 43. p. 164,
4tnd V. 45. p. 401, without having the foreclosure sale confirmed, thus
pre¬
serving the original Federal charter.
Land assets Jan. 1 1907 were 61,438
acres, land notes $52,803, and $11,763 cash.
Missouri Pacific June 30 1906 owned $6,525,000 stock.
4 g
5 g
5 g
1,000
1,000
Payable.
250,000
175,000
$100
in.
%
3.000.000
2.750,000
1888 reorganized
Income.
135 000
When
5
6 g
5 g
1,000
1,000
1891
1893
1902
Sierra Blanco to El Paso, trackage, leaving amount owned 1.756
to SImmesport.La., 22 miles, was opened in 1906. V. 84.
p. 687.
Issued,
2,575,000
1,620,000
3,997,000
38,763,810
25,000,000
24,661,770
4.513,000
1,198,782
$3,235,000
1,500,000
36{
978,000
l
1 .000
1,453,000
Of $1,300 000 Issue d.
f
■
$50,000,000;
$900,000
Rate
4H
236
per mile)
do
.c* )
$4,000,000) B
gold
do
JC
-C* J
’$650,000 additional 5s in treasury June 30 1906; to
STOCK.—Authorized,
Outstanding
352,000
1.000
1900
1900
1906
1888
Amount
1,000
1.000
1888
1887
1904
1902
1902
230
.
ORGANIZATION.—In
INTEREST OR DIVIDENDS.
or
Par
Value.
Bonds.
Texas Midland RR—Mortgage ($750,000 Is 2d M)
Texas & N O of 1874—Sabine Dlv 1st M gold
c’&r;
Consolidated mortgage for $4,195,000
G.c*&r!
Dallas Dlv 1st M gold $20,000 per mile (text) Un.c*
Texas & Pacific—Stock $50 000,000 authorized.
!
First consolidated (now first) mortgage gold.FP c*
Second cons Inc M ($25,000,000) g (see rem)__Me c*
Louisiana Div Br lines 1st M gold $12,500 p m__Me
Miscellaneous equipment trusts Dec 31
Size,
t Vtol. lxxxiv.
p.
Year—
1905-06
1904-05
Gross
Earnings. Net Revenue. Int.&Taxes
Balance.
$1,293,394
$253,960
$275,602
def.$21,642
1,281,443
253,388
286,160
def.$32,872
(V. 79, p. 2458; V. 80, p. 707; V. 81, p. 669, 1433: V. 83, p. 689, 819.)
TOLEDO RY. & TERMINAL CO.—Owns a
single-track belt road, 28.77
miles In length, opened Oct. 1 1903, around the city and suburbs (Includ¬
ing two bridges), with 2A-m branch to terminal station; total 31.27 miles.
In Jan. 1906 Judson Harmon of Cincinnati was
appointed receiver, cou¬
pons being In default.
V. 82, p. 49.
In April 1906 a committee, Andrew T.
Sullivan, Chairman (Columbia Trust Co., N. Y.. and Portland (Me.) Trust
Co.; depositaries), requested'deposits of first mortgage bonds.
In April
1907 $3,376,000 of the $3,500,000 bonds were
deposited.
V. 82, p. 930,
1103, 1269; V. 84. p. 509,932. In Dec. 1906 foreclosure suit was begun.
V.
83. p. 1230, 1590.
Foreclosure sale adjourned to May 28 ’07.
V.84. p.627.
Stock author., $3,500,000; outstanding, $3,500,000.
Pere Marquette
and Cln. Ham. & Dayton guaranteed tne bonds
Jointly and severally,
principal and Interest, by endorsement. V 78, p. 2443, 2600; V. 79, p.
153, 628; V. 81, p. 899; V. 83, p. 97.
Commonwealth Trust Co. of St.
Louis Is mortgage trustee: V. 74, p. 1140.
Toledo Riverside Ry. bonds
are guaranteed by endorsement as to
principal and Interest by Toledo Ry.
& Terminal Co., Cincinnati Hamilton & Dayton and
Pere Marquette.
V. 79. p. 968.
Toledo Angola & Western bonds are limited to $300,000.
V. 80, p. 164.
Loans and bills payable June 30 1906, $155,977.
For year
ending June 30 1906, gross earnings, $264,485; def. under oper.
expenses,
$16,006; other Income, $90,324; Int., taxes and rentals, $181,175; bal. def.,
$106,857.—(V. 83, p. 1591; V. 84, p. 160, 509, 627, 932.)
TOLEDO SAGINAW & MUSKEGON RY.—From
Muskegon, Mich., to
Ashley, Mich., 96 miles.
The Grand Trunk of Canada owns the $1,600,000
stock; bonds have a traffic guaranty.
V. 71, p. 85; V. 72, p. 338.
Year ending
Gross.
Net.
Interest
Deficit
Traf guar.
June 30 1906
$136,682 op. def.$6,573
$83,100
$89,573
$13,342
(V. 71. p. 31, 85.)
—
—
■Ba-nee
(V. 82, p. 688, 1440;
—
sur.$330,437
V. 83, p. 689, 1591;
def.$30.763 def.$75,067
V. 84, p. 52, 509, 687, 694.)
Til X AS SHORT LINE RR.—See Issue of Jan. 1906.
TEXAS SOUTHERN RY.—See page
179.
TIDEWATER RY.—See Virginian Ry.
TIDEWATER & WESTERN RR.—V. 81.
p.
212.
TIOGA RR.—See
“Supplement” of July 1894.
900, and $189,700 preferred; par, $50.
Stock, common, $390.-
TOLEDO & OHIO CENTRAL RY.—(See
Map.)—'This road Includes:
Lines owned—
Miles.
Trackage (37 miles)—
Miles.
Toledo to Bremen
173 Walbrldge to Toledo
5
Alum Creek to Truro Junction..
4 Bremen to New Lexington
11
New Lexington to Corning
13 To Chauncey, Carrington, &c.__ 30
Whitmore to Thurston
145
Peo. to St. Mary’s, V. 73. p. 660, 60
Total operated
441
Kanawha & Mich, (which see)
177
Total owned
395
Owns all the securities of Zanesville & Western
Columbus to Shaw¬
Ry.,
nee and
Zanesville, O., with branches 126 miles (of which 40 miles not
owned) operated separately.
V. 75, p. 906.
In June 1901 the Hocking Valley
Ry. had acquired all except $54,100 of
the $6,500,000 com. and $11,600 pref, stock of the
$3,708,000 In exchange
for 70 % of Hocking Val. stock of the same
class.
V. 69. p. 1347; V. 71, p.
810. See also Hock. Val. Item. V. 69,
p. 1345; V. 71. p. 865. Oper.
separ’ly.
DIVIDENDS.—On common:
In 1891,2 %: in 1892, 4 %;
1893, 2 %.
On
pref., April 1890 to July 1896, Inclusive, 5 % yearly.
None since.
GUARANTIES.—The company guarantees the principal and Int. of the
Kanawha & Michigan first mortgage bonds (see that
company) and. Jointly
with Hocking Valley Ry.,the K. & Hock. Coal
(c Coke bonds (see V. 74
p. 271; V. 77, p. 2393) and Continental Coal Co. bonds
(V. 75, p. 499);
also guarantees Interest
only on $300,000 T. & O. Cent. Ext. 5s (forec’osed).
Special equipment, &c., loan June 30 1906, $350,000.
EARNS.—8 mos.
Gross.
July 1 tol 1906 07..$3,246,G65
Feb. 28. /1905 06.. 2.911,260
ANNUAL
Net.
Otlutr Inc.
$1,031,609
829,713
$6,675
2,705
REPORT.—Report for
1905-06
was
total tonnage In 1906, 71% was bituminous coal.
Years end. June 30—
1906.
1905.
Gross earnings
$4,072,163
$3,766,651
Net earnings
1,148,895
$973,060
Other income
17.246
14,909
Total net Income
Interest, tax *-. &c
Additions and Irnprov’ts
$1,166,141
612,214
312,810
$987,969
619,567
In
Charges. Hal., Sur.
$295,485
309,740
V.
$742,799
523,678
83, p, 749,
Of
1904.
1903
$3,598,684*
$927,331
$3,446,747
$907,063
109,403
31,937
$1,036,734
603.434
$939,000
613.575
__
Bal. for year
sr.$241,117 sr.$368,402 sr.$431,300 sr.$325,425
Pres., N. Monsarrat.—(V. 82, p. 162; V. 83, p. 689,
749.)
TOLEDO PEORIA & WESTERN RY.—
(See Map of Pennsylvania IIR )
—Owns from Effner. Indiana State
line, to Warsaw, Ill., 220 miles. La
Harpe to Iowa, Ill.,‘lu miles; Jointly with Wabash, 1
mile; trackage to
-Peor m and Burlington, la., 17
miles; total. 248 miles.
TOLEDO ST. LOUIS & WESTERN RR.—Owns from Toledo
to East
St. Louis, 451 miles (61 A and 70-lbs, steel);
sidings, etc.. 107 miles;
also has trackage to St. Louis and Toledo Union
Owns Jointly
depots.
with the Grand Trunk Western Ry. all the stock of the Detroit
<fc Toledo
Shore Line Ry., Detroit to Toledo, 48 miles.
Jointly guaranteeing Its 4%
bonds: present Issue $2,000,000.
V. 76 p. 655.
ORGAN’N.—Successor of Tol. St, L. & K. City foreclosed. V.
70,p. 1196.
STOCK.—Common and
preferred 4% non-cum., $10,000,000 each; par,
$100.
First semi-annual dividend on preferred, 2%, paid April 15 1907.
BONDS.—Of the prior Hen 34£s, $450,000 was In the
treasury June 30
1906.
Additional first mortgage bonds not to exceed $10,000,000 may be
Issued at any time to retire the prior lien bonds.
The equipment trusts
dated .Sept. 1 1906 cover 750 box cars and 500 coal cars.
V. 83, p. 39.
EARNINGS.—8 mos.,11006-07
Gross. $2,778,798; net. $748,514
July 1 to Feb. 28.
J 1905-06
.Gross,
2,822,005; net, 662,301
REPORT.—For year ended June 30 1906 was In V. 83,
p. 1166.
Year—
Gross.
Net.
Oth.Inc.
Charges.
Taxes.
Bal.,sur.
1905-00 $4,205,051 $1,189,025
$26,265
$617,375
$125,592
$472,323
1904-05
3,785,164
934,064
23,646
656,490
128,609
172,611
OFFICERS.—Chairman of the Board, Wm. A. Read; President, T. P.
Shonts; Sec. and Treas., James Steuart MacKle.
Directors—William A. Read (Chairman), Hugo Blumenthal. James N.
Wallace, Thos. H. Hubbard, Chas. H. Tweed, J. Crosby Brown, J. J.
Emery. C. S. W. Packard. T. P. Shonts. Edwin Hawley and H. E. Hunt¬
ington.
Office, 60 Wall St., N. Y.— (V. 83, p. 39, 1166; V. 84. p. 627.)
TOLEDO WALHONDING VALLEY & OHIO
RR—(See Map Penn¬
sylvania RR.)—Owns road In operation from Toledo Junction to Toledo
O.. 81 miles, and from Londonvllle to Coshocton, O.. 45 m.; Sandusky
to Columbus. 110 miles.
Total owned, 230 miles; trackage (Pitts. Ft..
W. & C.) to Mansfield, O., 7 m.; Cleve. Cln. Chic. <fc
St. L. in Sandusky and
Columbus, O., 2 m.; total, 245 miles.
Leased for net earns, to the Penn.
Co., which guarantees bonds and owns the capital stock.
EARNINGS. — For calendar year 1906, gross, $2,755,003; net,
$446,982;
charges, Improv’ts, &c., $335,344; bal., sur., $1 11,638. — (V. 75, p. 1088.)
TOMBIGBEE
VALLEY
RR.—Healing Springs, Ala. to Nanahubhad
Landing, on the Tomblgbec River, 53 miles; extension under construction
from Healing
Springs north to Butler, 35 miles. Stock is limited to
$10,000 per mile, all common: $520,000 outstanding.
Of the bonds,
$1,000,000 are Issuable at $5,000 per mile and the remaining $200,000 for
equipment and terminals at $1,000 per mile after earnings are more than
double those at the time of the making of the mtge.
In April 1906. $425,000
bonds had been sold.
V. 82, p. 806.
For 4 months ending Feb. 28 1907,
gross
$22,169, against $17,597 In 1905-06; net, $7,190, against $6,799.
For year ending Oct. 31 1905, gross, $39,009; net,
$14,340.
Pres., J. T.
Cochrane; Sec., Chas. P. Duke, Fairfield, Ala.—(V. 82,
p. 806.)
TONOPAH & GOLDFIELD RR.—Owns Rhodes via
Tonopah to Gold¬
field, Nev., 91 miles; trackage 6 miles; standard gauge.
A consolidation
as of Dec. 1905.
V. 82, p. 806.
Allied Bullfrog & Goldfield RR.. Bullfrog
to Goldfield, about 75 miles, was
completed In Jan. 1007.
V. 81, p. 1725.
Stock, common, $1,650,000; 7%, non-cum., pref., $500,000.
Dividends
on common stock, May 1 and
Aug. 1 1906, 3 A % each; Nov. 1, 10% extra:
Dec. 20, 10%.
On pref.. May 1, 3 4%; Nov. 1, 3 A % and 10% extra;
Dec. 20, 10%; V. 83. p. 1591.
A sinking fund will retire one-fifteenth of bonds
annually Jan. 1 (to be
drawn by lot), the entire Issue being
subject to call at 102 J|; ttie Land
00
BONDS.
RSAATIOLNWCKDY
1907.J
•>
Su
m
explanation of column headings, &c., see notes
on first page of tables.
Tombigbee Val—1st M $1,200,000 gold (see text)_.K
.c
Tonopah & Goldfield—1st M $1,500,000 g red
Ton & Tidew—1st M deb stock crts £500,000 g gu p& 1
Toronto Ham * Buff—1st M gold $40,000 p m..AB c*
Second mortgage $1,000,000 gold
Transylvania—First mort gold $500,000
Sc*&r
Traverse City Leel & Man—First M $300,000 gold.c&r
Traverse City RR—First mortgage gold
Trenton Delaware Bridge—First mortgage
Trinity* BrazosVaiiey—Equip tr bdsgu(text)call 101G
Troy & Greenbush—Stock 7 % rental New York Cent
Tuscaloosa Belt—First mortgage $100,000 gold—K.c
Tuscarora Valley—First mortgage $150,000 gold
Ulster & Delaware—Cons M for $2,000,000 gold Ce.c*
__S.c*&r
Refunding mortgage $3 200,000
Unadilla Valley—First M $200,000 gold redeem at 110
Underground Elec Rys of London—Ord shares full pd_
5 % profit-sharing notes]$7,000,000 redeemable at
do
do
do
/par
4H % power-house debentures £850,000
Union Pacific RR—Common stock $196,178.700
Preferred stock limited to 4 % non-cum $200 000,000
First M Ry and land grand $100,000,000 gold..Me
Union Springs & Nor—1st M $1,000,000 gold red 105
United N J RR & Canal Co—Stock 10 % guaranteed..
General mortgage ofl Loan of 1908 gold
r
1871 for $20,000,-1 Loan of 1923 gold
r
000 (now first mort}Loan of 1929 gold
c&r
gage)
FP secures | Loan of 1944 gold
c&r
all equally.
J Loan of 1951 gold p & 1 guar. _
Mo.c
United Verde & Pacific—First M $300.000
Utica & Black River—See Rome Watertown & Ogdens
Utica Chen & Susq Val—Stock 6 % guar by D L & W
Utica Clinton & Binghamton—Stock
First mortgage guar p & I by Del & Hud (end).. N.c
Valley UN Y)—Stock 5% guaranteed by D L & W_.
First mortgage (for $500,000).
F
Miles
Date
of
of
Size,
Road. Bonds.
53
91
88
88
42
30
26
1906
1906
1905
1896
1904
1906
1902
1883
1877
1907
Par
Value.
19
1 miles
}road
[and
J canal
26
50
275,0001
1,000
1,000
250
&c
£10
£100 &c
£3,599,2681
1,000 &c
16,550.000
1897
1901
100
1881
-
1,000
Ludlow,
which 78
Under traffic agreement with N. Y. Central, Michigan
Southern and Canadian Pacific. Interest Is practically
See V. 68, p. 475, and advertisement In “Chronicle ’ of March
Of the stock, $2,500 000, 19 % Is held by Canadian Pacific and
11 1899.
51 % by N. Y. Central.
V. 61, p. 753: V. 63, p. 359; V. 68. p. 475, 1134;
V. 69, p. 29.
For 8 months ending Feb. 28 1907, gross, $503,102. against
$488,181 in 1905-06.
For year ending Dec. 31 1905, gross, $691,835; net,
$218,219; !nt. on bonds, $171,200; bal., sur., $47.019.—(V. 79, p. 1705.)
319.)
453.
TRANSYLVANIA RR—Heudersonvllle to Lake Toxaway N. C.. 42
miles.
Leased to Southern Ry for 50 years from Jan. 1 1906 at a rental
of $25,000 yearly for 10 years and $30,000 thereafter.
V. 83, p. 97.
V. 68, p.
Stock authorized, $420,000; par $100; outstanding, $355,000.
926.
Year ending June 30 1905. gross, $64,173; net. $20,601.
Pres.. FI.
B. Alsop. 1502 20th St. N. W. Washington; V.-P. and Gen. Mgr., J. F.
Hays, Brevard, N. C.; Treas., A. K. Orr.—(V. 83, p. 97.)
TRAVERSE
CITY
LEELANAU
&
MANISTIQUE
RR.—Operates
Traverse City, Mich,, to Northport, 30 miles, of which Hatch’s Crossing
to Traverse City, is trackage.
The Grand Rapids & Indiana Railway
owns one-fourth of bonds and was to operate the road, the rental being the
net earnings.
V. 76, p. 812: V. 78, p. 1448: V. 82, p. 1098. Stock author¬
ized, $500,000; par of shares, $100.
The Union Trust Co. of Detroit was
April 17 1907.
net, $6,604.
V. 82, p 988.
Pres., R. R.
Metheany; Treas., D. W. Kaufman.—(V. 83, p. 97.)
TRAVERSE CITY RR.—Owns road from Walton to Traverse City,
Mich., 26 miles; opened In 1872
Leased In 1883 to Grand Rapids &
Indiana RR., but not Included In the reorganization of that company In
1896.
The Grand Rapids & Indiana has acquired nearly all the $205,000
stock and all the $190,000 of 5% Income bonds; V. 78, p. 1448.
For
year ending Dec. 31 1906, gross, $75,450; net, $14,901; Interest, $7,500;
rentals, &c., $1,752; balance, surplus, $5,649.—(V. 78, p. 1448 )
TRENTON (DELAWARE) BRIDGE CO.—Owns bridge 0.19 miles In
length.
Leased In 1877 to Nov. 1
2870, lease being assigned to Penn.
RR.; rental, $32,000 yearly and two-thirds of taxes paid by the Bridge
Company.
Stock, $298,900.
Bonds are guaranteed, prln. and Int.
TRINITY & BRAZOS VALLEY R Y.—Owns Cleburne to Houston, Tex.,
236 miles, of which Mexla to Houston, 157 m., opened Nov. 1906; also
Teague. Tex., 14 m. southeast of Mexla, northerly to Waxahachle, 67 miles,
opened Apr. 1907.
28 miles;
31 miles.
Has trackage rights from Cleburne to Fort Worth, Tex.,
Houston to Galveston, 53 miles, and from Waxahachle to Dallas,
Total operated, 415 miles.
V. 83, p. 695, 1172. Stock, $300,-
000; par, $100.
The Colorado Southern and Rock Island Interests each own
a half interest.
V. 80, p. 1 423, 2622; V. 82. p. 930, 986.
In Aug.11905
made a new first mortgage to secure 30-year 6% bonds due 1935 at $30,000
& South, refunding mort¬
The 5% equipment bonds
of 1907, subject to call at 101. mature $25,000 semi-annually, and are
guaranteed jointly, principal and Interest, by the Col. & Southern and
Chic. It. I
& Pac. Ry.
V. 84, p. 509.—(V. 84, p..509.1
per mile, all to be deposited as Issued under Col.
gage.
Outstanding Oct. 31 1906, $4,829,000.
RR.—Owns from Troy to Rensselaer,v6 in.
Y. Central In 1851 at 7% bn $275,000 stock.
TUSCALOOSA BELT RY.—Owns about 9 miles of Belt road at Tusca¬
loosa. Ala.
Stk. author., $100 000-Issued, $26,000 ($100 shares.)
F. W
Monnlsb, Supt. and Treas., Tuscaloosa, Ala. • • *
Pf *TUSCARORA VALLEY RR —Narrow gauge road (3 ft.) Port Royal
to Blab’s Mills. Pa., 27 rn
Stock. $300,000; par, $50: Issued, $150,000.
Year 1905-06, gross, $29,490; net, $10,223; charges, $10,301; balance, defi¬
cit, $78.
Pres., T. S. Moorhead.—(V. 67. p. 1162.)
ULSTER & DELAWARE RR.—Owns from Kingston Point
(THE)
(Hudson River), N. Y.. to Oneonta 409 mMes. with branches, a total of
129 miles.
V. 74, p. 42.
Stock, $3,000.out); outstanding, $1,900,000;
oar
$100.
As to refunding
of 1902 «ee V. 75 p. 667; V. 79 n. 153
•TROY & GREENBUSH
double track; leased to N.
LATEST EARN I NGS.- ■For 6 months ending Dec. 31:
Charges. Bal., Sur.
Net.
Other Inc.
Gross.
$1,593
$83,000
$81,311
$162,718
$519,271
173,092
1,373
82,119
92,34 0
1905
546,744
Oth.inc. Int.,hues,dec. Hal..sur.
Net.
Yrs.end.June30. Gross.
$2,867
$99,248
$165,119
$91 3,837
$261,500
1905-06
160,864
238.701
1,698
80.535
1904-05
822.835
Entire surplus In 1905-06, and In 1904-05 $50,000, was appropriated for
• • •
repairs and renewals.— (V. 75, p. 78, 667, 1 110; V. 79, p. 153.)
6 mos.—
1906
_
...
...
UNADILLA VALLEY RY—Owns road from "Bridgewater to New
Berlin, N. Y., 19 miles.
Stock $200,000; par. $100.
V. 78. p. 104.
Bonds, see fable above; V
Lewis R. Morris Is trustee
78. p. 1499.
Year ending June 30 1906, gross, $4 4,414; net, $16,758; interest, taxes, &o.,
$9,773:
balance, surplus. $6,985.
Pres., Lewis It. Morris.
Office, 135
Broadway. N. Y. -(V. 78. p. 1168 »
•
J
J
!M
&
&
&
A
&
5
5 g
•
&
&
J
M 10 &
!
:
Q—J
M
F
M
M
4 g
4 g
4 g
J
6*
&
&
&
&
&
&
N Y
June 1 1928
Oct
1 1952
Jan 1 1934
1908
1908
1 1907 5 %
1 1907 2 %
1 1947
1 1931
10 ’07 2H
1 1908
1 1923
1 1929
1 1944
1 1951
1 1920
do
do
July
!International TrCo. Balt May
April
Offices. Phila and N Y
Sept
Office, Philadelphia
Feb
do
do
do
do
Nat Bk Com. N Y & Phil
do
do
Morton Trust Co, N Y
Sept
Mar
Mar
Jan
!
M
6
N Y
New York
Office. 135 B’way.
London & West Bk. Lon June 1
1
A
6 g
Central Trust Co
Speyer & Co, New York June
Registration Off, London
Office, 120 B’way, N Y April
do
do
April
D
&
849,285 See text. F & A1
5
J
&
800.000
5
J
&
750,000
F
&
5
400.000
4,000,000
1.000
1889
Canada
receiver and purchased the road In foreclosure
Year ending Dec. 31 1906, gross, $39,792;
4 g
iMetropolitan Tr Co. N Y July 1 1917
i
100
100
97
guaranteed.
p.
4 g
1
& BUFFALO RR.— Hamilton to Waterford
Hamilton to Welland, 38 miles.- branches, 7 miles.
(See
STATION CO.—V. 82
1,824,000
6,020,000
5,646.000
5,669.000
300,000
1,000
1,000
HAMILTON
UNION
5g
!
operated Feb. 1907; extension proposed to Tonopah, Nev., 40 m,, mak¬
a total of 150 miles.
Stock authorized, $1,500,000.
The debenture
stock certs, are guaranteed by the Borax Consolidated, Llm., and are se¬
cured by deposit of mortgage and bonds Issued thereunder with the Indian
& General Trust Co.. Ltd., of London.
V. 81, p. 1793; V. 82, p. 753 871,
1440.
Pres.. Frank M. Smith, loo William St., N Y.; Sec. and Treas.,
C. B. Zabrlskie.—(V. 82. p. 871, 1440.1
TORONTO
!
841,00011
1,000
1,000
1,000
1,000
1878
1883
1889
1894
1901
1895
ing
Central,
’
£770 000
100 195,479,100 See text.
100 99,569,300 4 In 1906
500 &c 100.000,000.i
4 g
5 g
75,000
1,000
io
100 21,240,400!
£1.000
m.
62, p.
lOO.OOOj
150,000
2,000,000
900,000
200,000 j
£5.000,0001
&
iA
J & D :
&
!J
|J &
J
&
&
(A
&
:J
5
7
5 g
5 g
Stocks—Last
Dividend.
!
New York
April 1 1956
Land Title & Tr Co, Phil Jan 1 1908-1921
11960
N Y Boston and London June 1 1946
New York
;June 1 1946
Standard Trust Co, N Y Jan
1 1956
In default
April 1 1952
Winslow, Lanler&Co.NY Jan
1 1933
Treasurer’s Office, Phila July 1 1917
Oct '07-Apr ’17
Dec 15 ’06 3 ^ %
Troy. N Y
Knickerbocker Trust.NY June 1 1918
251,000
1,073,000
1,000
1893
1897
1888
1902
1904
TONOPAH & TIDEWATER RR.—Under construction from
Cal., on the Atch. Top. & Santa Fe, to Bullfroe, Nev., 110 m., of
TORONTO
Whom.
&c
& Trust Co. of Philadelphia Is mortgage trustee.
V. 82, p. 806.
Report for 8 mos. end. June 30 1906, In V. 84, p. 99, showed: Gross,
$948,876; net, $432,726; other Income. $2,555; Interest and taxes, $58,687;
sinking fund. $39,462; dividend on pref. stock (7%), $35,000; dlv. on com.
stock (7%), $115,500; bal., surplus, $186,632.
Pres., John W. Brock; Sec.
and Treas., Clyde A. Heller.
Bullitt Bldg., Philadelphia.—(V. 84, p. 99.)
V.
Where Payable, and by
Payable.
1,000
1,000
1,000
1,000
burg.
31
11
11
When
%
£500,000
3,280,000
1,000,000
434,000
300,000
250,000
322,000
500,000 i
1 000
■
1238
Rate
1 000
1903
1903
1905
1,835
7 M
Amount
Outstanding
1,666
6
9
27
101
pal, When Due.
or
Title
Ont., 43 miles;
Bonds—Princi¬
INTEREST OR DIVIDENDS.
RAILROADS.
For
[Vol. lxxxiv.
RAILWAY STOCKS AND BONDS.
144
May 1907 3 %
D L & W RR. New York
On Nat Bk, Utica, N Y
New York Trust Co. N Y
Del Lack & West, N Y
do
do
UNDERGROUND ELECTRIC
1907 1%
1 1939
1907 2K%
Feb 9
July
Jan
Aug
1911
1
RAILWAYS CO. OF LONDON. LI M.—
Has in operation or under construction system of underground and surface
electric passenger railways in London and suburbs aggregating 99 miles
double track (V. 79, p. 920, 1551, 2153; V. 83, p. 629), viz.;
Tube Cos.—Stk.mostly owned.Miles.
Baker St. & Waterloo Ry
)
1st sec. opened Mch. 10 1900 | ,
Char. Cross Eus. & Hamp. Ry. |
To be opened June 1907
}22H
Great Northern Piccadilly &!
Surface—M a). Stk. owned.
Miles.
United Tramways (In
48
operation)
Tunnel—Leased—Maj. stk. owned.
London
j
Metropolitan District Ry. (In¬
miles
cluding
3%
Jointly
1
owned with others)
28
Brompton Ry
|
Opened Jan. 1907
I
!
ORGANIZATION.—Incorporated on April 9 1902. Speyer & Co. of
N. Y.. the Old Colony Trust Co. of Boston and Speyer Brothers of London
have the light until 1912 to nominate a majority of the board.
SECURITIES.—The 5% profit-sharing notes of 1903 are a direct obli¬
gation and are secured by a 1st lien on certain stocks and shares of properties
controlled, deposited under terms of trust deed, dated May 29 1903, with the
London & Westminster Bank, Ltd., trustee. The whole or any part (to be
drawn by lot) may be called at any time at par.
For profit-sharing pro¬
visions, &c., see listing application to the N. Y. Stock Exchange at length,
V. 79, p. 2153; V. 76, p. 1031.
In April 1906 Increase of $25,000,000 bor¬
Issue of securities Is contemplated In
rowing power was authorized, but no
near future.
V. 82, p. 753, 806.
Names of
Total
Held by
Controlled
Issued. Parent Co.
Cos.—
£
£
Bak.St.& Wat-1
erloo ord.stk. }2,224,960x1,818,890
4 % pref. stk J
Perp. stk. 4%
656,600
Held by
Total
Names of
Controlled
Issued.
£
Cos.—
Parent Co.
£
Metrop. DIs. Ry.
Ordln’ystock 3,235,000 1,781,500
5% pf. stock 1,500,000
y96,000
2d
do
1,470,000 1,470,000
4 % guar.stk. zl ,250,000
6,500
cNll
Ch. C. E. & H..3,230,970x3,230,970
4 % perp. deb.
stock
396,200
dNIl
Gt. Nor. Pic. &
3 % cons, per
rent chargez2,l
16,666
Deb.stk. and
loans
z2,835,825
London United Tramways.
Bromp
4,225,000x3,861.240
% perp.deb.stk-513,000
fNll
4
Ordinary stk.*1,000,000
5 % pref. stk_ 1,250,000
1st M.4 %deb. 1,331,000
*878,700
153,770
About 80% of total Issued share capital deposited for profit-sharing
y Has a vote on £537,351, on which holders have ceded their vote
consideration of sealed dividend guaranty (Includes £96,000 held by
Underground Co.),
z No voting power.
• £600,070 full paid In (of which
£500,000 owned) and £399,930, £6 per share paid In (of which £378,700
owned),
ab Underground Co. has vote on a£3,788,851 out of £6,205,000,
and b£l ,032.470 out of £2.250,000 voting shares,
cd Issuable to Under¬
ground Co. or nominees on demand: c£4,400; d £633,800; f £620,000.
x
notes,
In
1906 In V. 83, p. 1588; V. 84, p.
ISdgar Speyer, Chairman: Sec., W. E. Mandellck.—(V. 84. p. 694.)
UNION PACIFIC RAILROAD.— (See Map.)—The system embraces:
Controlled—Practically OwnedLines owned directly—
Miles.
Council Bluffs to Ogden
1,012 •Ore. Short Line RR.,
Frisco, Utah, &c_
_ol,390
Kansas City to Denver
640
Denver to Cheyenne
al,075
106 Oregon RR. & Navigation
71
Leased
Lasalle, Col., to Julesburg
' 149
Other branches, &c
1,221
Total all lines July 1 1906
5,664
REPORT.—For year ending June 30
104.
Tot. main line and branches _3,128
a See these companies.
"Also owns one-half Interest in the San Pedro
Los Angeles & Salt Lake Ry., which see.
Northwestern Pacific (Jointly
owned with Atchison), see that Co., V. 84, p. 104.
In Nov. 1906 589 miles of extension were authorized or under construc¬
tion, of which 42 completed Jan. 1907: also 77 miles were opened July 1 1906.
V. 83, p. 1356.
Other lines were under consideration.
Contracts were
let from Mersey to Northport, Neb., 115 m.: also for brancltfrom O’Fallon’s,
Neb,. along north bank of North Platte River to Northport, about 200 m.
HISTORY.—Incorporated In Utah July 1 1897, to succeed per plan of
V. 64, p. 424) the Union Pacific Ry.,
V. 66, p. 618; see also V. 67, p. 790.
Oct. 15 1895 (V. 61, p. 704, 705, and
as stated to N. Y. Stock Exchange In
In 1901 02 purchased $90,000,000
stock of tlie So. Pac. Co., a strong
working control, and In 1904 $18,000,000 of Its pref. stock.
V. 72, p. 243,
284: V. 73. p. 446; V. 75, p. 136; V. 80, p. 1914.
The U. P. Jointly with the
G. R. I. & P. controls Chle. & Alt. Ry., the U. P. owning $10,343,100 pref.
stock.
V, 81. p. 1664; V. 83, p. 689.
In March 1907 $9,036,400 Great
Northern and $4,152,800 Northern Pacific stock, and $724,900 Northern
Securities stubs were owned.
Prior to that time $24,030,082 Northern
Pacific, $16,360,089 Great Northern and $10,000,000 Northern Securities
stock were sold, and $1 16,847,953 realized therefrom; the’estimated value
of these stocks si 111 held was about $30,000,000.
V. 83. p. 1322, 1352, 1359;
V. 84. p. 509, 572, 694.
In 1906 (after June 30) the following stocks, with others, were purchased,
at a cost of about $120,000,000 (see V. 84, p. 52, 104, 572, 932):
Acquired by Union Pac.
Par Val. |
Acq. by Or. Sh. L. (c.oncl.). Par Val
Illinois Central stock J .$28,123,100 Balto. & Ohio, common. $32,334,200
do
do
St. Jos. & Gr. Isl., com.
pref
7,206,000
2,900,000
do
do
3,690,000
Istpf.
932,200 | Chic. Mil. & St. P., com.
do
2d pf.
do
2,572.000
1,250,000 |Chic. & N. YV., com
| N. Y. Cent. & H. R. Stk. 14,285,745
Acq. by Oregon Sh. Line.
.
Atch. Top.
-
&'S. F., pf... .10,000,000
|
.ff.f-.ito
.
.
-•
.
.
.
•
.
.*••!
STOCK.—In"1899 stoekholders'nuthorlzed’lnerease of com. stock from
$61,000,000 to $96,178,700 and of pref. stock from $75,000,000 to $100,000,000 to complete control of Oregon RR. & Nav. and Ore. Short Line.
On March 24 1901 common stock was authorized to be Increased by
Sioo.ooo ooo, to provide for conversion of first Hen 4s.
V. 82. p. 1271.
The stockholders voted on May 5 1905 to Increase the preferred stock
from $100,000,000 to $200,ooo,ooo to ••finance coining requirements,” to be
Issued as required.
V. 80, p. 1364.
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140
RAILWAY STOCKS AND BONDS
RAILROADS.
Miles |
For explanation of column headings. &c.. see notes
on first page of tables.
of
62
1881
133
160
1867
1879
1885
1905
1904
1904
116
10
265
59
.
1899
Value.
Outstanding
%
$1,000
1,000
1,000
1,000
l .000
250 Ac,
i
1,000
100
'
188
188
1901
1885
1,000
-1907
1904
1904
1.542
1 .009
1.542
1,542
150
97
226
144
-
—
•
-
25.000
1 ,000
1.000
1878
1889
1889
1889
1889
1891
1899
1901
1901
1904
..
_;
„
-
-
!
’
V. 67,
estimated
Jany. 30See1906,
p. 791. Total
value
of lands
$9,996,438.
During
1905-06,
1.239,760
Net
1906-07.
,000!
500
i
.
ending June 30—
1905-06.
1904-05.
|
1,000;
i
1,000
1.000
and landsold
assets
for
Earnings
1903-04.
1905-06.
1902-03.
Average miles.
5,404
5.357
5.353
5,762
Gross earnings
$67,281,543 $59,324,947 $55,279,231 $51,075,189
Oper. exp. and taxes... 36,963,773 31,862,714
30.497,443
28,747.210
Net receipts
$30,317,770 $27,462,233 $24,781,788 $22,327,973
Income from lnvestm’ts. 10,329,815
6,496,701
4.206,844
4,047,843
Total Income
$40,647,585 $33,958,994 $29,048,632 $26,975,816
Fixed charges
$8,802,491 $11,152,342 $12,429,595 $11,075,703
Int. Ore. Short Line In¬
comes and pref.stk
$20,688
$21,599
$22,489
$23,962
DIvs. on TJ. P. pref
(4)3,1)81,704 (4)3,982,350 (4)3,982.256 (4)3,982.004
do common
(8) 15.550,392(4 h) 7 104,250(4) 4,350.836(4)
4.350,61 2
Approp. for imp’ts, Ac.
4,200.000
3,979,165
8.550,000
2,000,000
Balance, surplus
$8,032,250
$7,719,281
$4,713,456
$4,943,474
OFFICERS, Ac.— (July 1906.)—Pres., E. H. Harrlman; V.-Pres., Wm.
D. Cornish: Gen. Man., A. L.
Mohler; Sec.. Alexander Millar; Comp., WTm.
Mahl; Treas., F. V. S. Crosby.
Directors—James Stillman, Marvin Hughltt, E. H.
Harrlman, Henry C.
Frick, A. J. Earllng, P. A. Valentine, Joseph F. Smith.
Oliver Ames,
Wm. G. Rockefeller, Wm. I).
Cornish. Robert S. Lovett. Chas. A. Peabodv,
H. H. Rogers. David Willcox and Robert W.
Goelct.
Office, 120 Broadway, N. Y.—(V. 84, p 222, 509, 572,
694,932.)
UNION SPRINGS & NORTHERN
RY.—Owns Union Springs to Fort
Davis, Ala., 7H miles.
Bonds are subjectlto call since
May 1 1906 at
105; International Trust Co., of Baltimore is
mtge. trustee. V. 76, p. 753.
Year ending June 30 1905, gross,
$26,998; net, $10,003; int. on bonds. $5,040; bal., sur., $4,963. Pres., W. M. Blount;
Treas., J. M. Elly. Office,
Union Springs. Ala.—(V. 76. p. 753.)
UNITED NATIONAL RAILWAYS OF
MEXICO.—To own or control
the National RR. of Mexico system
(including Mexican International and
Interoceanic of Mexico), the Mexican Central, and
probably other roads.
The Mexican Government will have control
through an absolute majority
of the entire stock (see item V.
84, p. 51, under caption of Mexican Central
Ry.).
The new company will issue common,
first and second preferred
stocks, prior lien 50-year 4% and general
mortgage 70-year 4% bonds, the
latter to be guaranteed principal and Interest
by the Mexican Government.
A syndicate will buy the bonds and offer
them in exchange to the holders
of the present securities of the
Mexican Central and National RR. of
Mexico.
V. 83, p. 1470.
UNITED NEW JERSEY RAILROAD & CANAL
CO.—(See Map Penn¬
sylvania RR.)—With other properties operated In
connection therewith
forms an Important system of roads In Northern
New Jersey, extending from
Camden to Amboy and from
Philadelphia to Jersey City, with branches
and connections, a distance of 474
miles; Hudson River ferries to New York.
1 mile, and Del. A Raritan
Canal, from Bordentown to New Brunswick,
and feeder. 66 miles. Phlla. A Trenton and
Belvldere Del.-—which see—arc
principal leased lines
LEASE.—Leased In June 1871 to the Pennsylvania RR. for
999 years;
equal to 10 % on stock, Interest on bonds, taxes, Ac.
EARNINGS.—For year ending Dec. 31 1906, gross,
$32,760,144; net,
$7,932,148; other Income, $448,534; Int., rentals,
Improvements, Ac
$4,439,168; dividends, $2,124 040; bal., sur., $1,817,474.—(V.
74. p. 682.)
rental
,
UTICA CHENANGO A
SUSQUEHANNA VALLEY RY.—Owns Utica
N. Y.. to Greene, N. Y., 75
miles; branch to Richfield Springs, 22 miles;
Leased to Delaware Lackawanna A Western at 6
% on stock.
No bonds.
Ac!
1,000 Ac!
1,000 Ac,
1,000
1,000;
..$50,029,263 $45,660,612 $23,395,738 $21,398,918
ANNUAL REPORT.— Report for 1905-06 in V*
83, p. 1343, 1351 (see
also editorial, p. 1320).
Average train-load ofsystem,510 tons In 1905-06.
Years
37.837.400
1,000,
acres were
1905-06
100
1,000
$3,048,840. In Feb. 1906 acquired about 15,000 acres of coal
lands near
Durango, Col., for about $1,000,000.
V. 82. p. 335.
GENERAL FINANCES.—In July 1903 512 miles of the
Oregon Short
Line were sold
to
the San Pedro Los Angelss A Stilt Lake
Railway,
the Oregon Short Line
acquiring a half Interest In the San Pedro L. A. A S.
L. (which see); total paid
on account of Investment to June 30 1906 was
$17,300,000.
V. 76, p. 920; V. 77. p. 38; V. 79.
p. 1707. 1709.
In Nov.
1906 control of Utah Light A
Ry., Salt Lake City", was acquired by Oregon
Short Line.
V. 83. p. 1172.
In April 1906 the dividend rate was Increased
to 6% yearly, and In Oct. to
1074), of which 6% from the operations of the road and
4% from Invest
ments.
In Oct. 1906 semi-annual dividends on
So. Pac. common stock at
the rate of 5% yearly were begun,
yielding the U. P. on Its holdings $4,500,000 annually.
V. 83, p. 380, 437.
Acquisitions In 1906 (after June 30), see “History,” above.
On satisfaction of the mortgage
securing the convertible bonds retired
Nov. 1 1906 there was released from the lien of
the mortgage about 858
miles of road, which became a free asset.
V. 83. p. 1352.
LATEST EARNINGS.—For 8 months
ending Feb. 28 net over taxes:
Earnings
20.000,000
51.837,400
1,000
1 ,000;
1,000
1
2,856,500 See text.
2,142.800 5 in 1906
1.822.000
5
1,323,000
6 g
Ac!
100;
1.0001
ing the telegraph, terminals, equipment, and,
directly or Indirectly, land
Stateraen t to N Y Stock Exch., V. 66, p.
618.
LANDS.—The 1st 4s of 1897 covered June 30
1906,
benellclal ownership, 2,766,845 acres of land, situated Indirectly or through
Nebraska, Wyom¬
ing, Colorado, Utah and Kansas, the value of which was
estimated June
30 1906 at $1,555,746; also further notes or
contracts for lands sold aggrega¬
ting $8,449,692, the lands for which, If not paid for, revert to the com-
Union Pacllic system.
A
M
All owned by B
Checks mailed.
Farmers’ L A Tr
do
do
do
Trenton Tr A S
AO.
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
Oct
1 1921
Feb 15’07 2 \4 %
Co, N Y Feb 1 1908
do
Jan
1 1910
do
July 1 1925
do
Feb
1 1955
Dep Co Aug 1 1934
Speyer A Co, New York July 1 1934
53 Devonshire St, Boston Apr
1907 3 %
do
do
May 1 1923
1
Ac! 10,000,000
Ac! 29.500,000
1,000!
1906
1901
1904
1904
1906
1907
ooo:
i
grants.
Dross
1906-07.
J
3^
O
A
A
J
J
A
A
J
O
N
A
A
A
A
A
A
A
A
A
A
L XXXIV.
1
—
July 1 to Feb. 28.
A
F
F
J
J
F
F
6
772,000
100
100
1900
une
3.193.000
Where Payable, and by
Whom.
Payable.
6
$750,000
14,649.546 See text.
1 .700,000
7
500,000
6
5 g
1,900.000
4 if
10,000.000
50,750
6 g
4 Yu g
7,000,000
1,000
1901 to 1904
1905
1900
1907
On common
3 ,4
4 yearly
4 4 Below Apr., 5
On preferred
14
3.4
4
4 yearlv
4
4
Apr., 2
tu 1900, Apr., 3%; Oct., 5%.
See below and V. 83, p. 380, 437.
BONDS.—The 1st mtge. (Mercantile Trust Co., trustee) covers
the 1,854
miles composing the former Union Pacific and
Kansas Pacific lines, includ¬
_
When
1
Wabash
1898
Rate
1S8
-.
RR—Comstock—$ 159,500.000 aut h.
Preferred stock 7% non cum—$40,500,000 auth.J
St L K A N on St Charles Br’g gold
Ce.c*
Wabash lirst mortgage gold ($34,000,000)
Ce.c*'
Second mortgage gold
Mp.c
Deb M Income non-cum Ser A red
par to 1909_Me
do
do
Income non-cum Series B not red.Me
Detroit <5c Chic Exten 1st M g s f red at 110 .Ce.c*
D MolnesDlv IstM g $1,800,000
(V68.p 574). N.c*
Toledo A Chic Dlv M gold $3,000 000
K e*
Omaha Division $3,500,000 gold
_B.c*
First lien terminal mtge $10,000,000
g__B.c*Ar(
1st ref and ext M $200,000.000,gold
B__c*Ar
Equipment bonds $3,000,000 sinking fund.N.c&r
do
do
Series A due $42,000 M A N__
j
do
do
Series B $43,500 due semi
ann.CPi,
do
do
Ser C due $309,000 seml-an red 110
Two year collat gold notes
Amount
1903
...
or
Par
1
655
INTEREST OR DIVIDENDS.
Size,
Hoad. Bonds
Valley (Virginia) — First mortgage $1,000,000
c
Vandalia RR—Stock $25,000,000 authorized
Indianapolis & Vincennes 1st M guar p A 1 (end)__c
Terre Haute & Logansport RR lirst
mortgage
_i
Terre Haute & Indlanap cons M (now lirst)
gold..F
Cons M $25,000,000 gold Ser A $10.000,000. F.c* Ar
Vanderbilt Tim Min&South w.—1 st M g
$12,500 pm red
Vera Cruz & Pacific—1st M $7,000,000
g red (text).e*i
Vermont & Mass—Stock 6 % guar by
Fitchburg RR..
Bonds currency guar p & 1 by
Fitchburg RR
Vermont Valley—See Connecticut River RR.
Vicksburg & Meridian—See Alabama A Vicksburg
Vicksburg Sh & Pacific Ry—Common stock $3 .OOO.OOOt
Preferred stock 5% non-cumulatlve $2,200,000
General mortgage $3,500,000
F xc*
Vicks Sh & Pac RR prior lien
mortgage gold__Ce.e*
Virginia Midland—See Southern Ry.
Virginia & Southw—See Southern Ry.
Virginian—Tidew Const part certs red par (text)
Ce
Wabash-Pittsburgh—1st M $50,000,000 gold_Me.c*&r
Second mortgage gold Incomes to June 1910 Eq.c* Ar
DIVS. (%) —
Date
of
VOL.
Ac
6
4 g
4 g
M
M
A
A
F
J
A
A
3,288,000
1,600.000:
3,000,000;
3,173,000
3.555.000,
See text, j
2.500.000
588,000
652,500
5,871.000
4M
4Y
5 g
6.160,000
CLINTON
Randallvllle,
N.
-.
A;
Feb 15
D Mercantile Trust Co, N Y June 1
I
June 1
Y.,
f
g
1909
1954
1954
j
6 g
A
5 g
M
5 g
F
6
J
6
J
5 g
J
4 g
J
4 g
M
314 e A
4 g
J
4 g
J
5 g
M
5 g
M
See text.
See text.
Central Trust Co. N Y
Nov 30 1905 2 %
do
do
Aug 30 1906 5 %
N Farmers’ L A Tr Co. N Y May 1 1941
N Central Trust Co, N Y
Nov 1 1915
j
...
468,000
33.011.000
14.000.000
UTICA
Yearly
Yearly
J
J
M
A
31
A
A
A
A
A
A
A
A
A
A
A
O
N
A
J
J
J
J
S
O
J
Office, 195 B’way, N Y Oct
Central Trust Co, N Y
May
do
do
Feb
1 1908
1 1939
1 1939
In Jan 1904 paid 3 %
July 1 1939
None ever paid.
See text.
Central Trust Co N Y
July 1 1941
New York Tr Co, NY
Jan
1 1939
Knickerbocker Tr Co,NY Mar 1 1941
1 1941
Bowling Green Tr Co,NY Oct
do
'
do
Jan
1 1954
JiNew York
July 1 1956
A
S New York Trust Co, N Y Mar
1 192L
A
N Bankers’ Trust Co. N Y To Nov 1914
A
D Colonial Tr Co. Pittsburgh To Dec 1914
A
J Lee,HIgglnsonACo.,Bost. To July 1 1916
AN 10 First Nat Bk NY; A Pro v; May 10 1907
BINGHAMTON
miles.
Leased
RR.—Owns Utica, N.
during continuance of
Y., to
charter
and renewals thereof to Delaware A Hudson
Company, which pays
of $61,500 per annum.
Operated by N. ,Y. Ontario A Western.
street lines owned (10 miles) are leased to Utica A Mohawk
rental
The
Valley Ry.
Capital stock, $849,285 (par $100), dividends
guaranteed by Del. A Hudson at 5 % per annum;
for $15,000 per annum.
on $200,000 of which are
balance variable—3 \i % 1898 to 1906, lncl.
VALDEZ-YUKON RR.—V. 83, p. 324.
VALLEY (N. Y.) RR.—Binghamton, N. Y
to State Line of Penn.
Leased to Delaware Lackawanna A Western at 5
% per annum
on stock, the lessee
assuming the Interest on bonds.
VANDALIA RR.—(See Map Pa. RR.)—The road embraces:
Owned.
Miles.
Leased—
(*See this co.)
Miles.
Indlanap., Ind., E. to St. L., Ill..239 Terre Haute A Peoria
*145
Indianapolis to Vincennes, Ind.__117 Evansville A Terre Haute
16
South Bend to Rockville, Ind
160 Trackage
27
93
Logansport, Ind., to Butler
Branches
43
Total
840
The Saline City branch, Brazil to Saline City, Ind., 12
miles, Is operated
under contract by Evansville A
Indianapolis RR.
,
11 miles.
,
ORGANIZATION.—A consolidation Jan. 1 1905 per plan V. 79, p.
2148 (see also V. 80, p. 1243, 1244) of St. Louis Vand. A Terre
Haute,
Terre Haute A Logansport. Terre Haute A
Indianapolis, Logansport A
Toledo and Ind. A Vincennes RRs.
Pennsylvania Co. on Jan. t 1907 owned
$ 11,633,400 of the stock.
As to Vandalia Coal Co., see V.. 81. p. 216.
STOCK.—Authorized.
$25,000,000; Issued. $14,649,546; par $100.
DIVIDENDS —Dlv., 2% paid Aug. 5 1905; in 1906, 4%; in 1907, 5%
Installments, first payment 2Y% In Feb.
BONDS.—The consolidated mtge. Is a first lien on the road from
J5t
Louis to the Indiana State line, 159 miles, and from
Logansport to Butler
Ind., 93 miles, and a lien, subject to the $4,100,000 old bonds, on the re¬
maining 415 miles owned, for which an equal amount of consols Is reserved:
$10,900,000 being also reserved for Improvements and general
purposes.
See aDDlIcatlon to list, V. 80, p. 1243, 1236; V. 81,
p.1728; V.82, p.162, 630.
EARNINGS.—Report for year ending Dec. 31 1905 In V. 82. p. 748.
In 1906, gross. $8,904,859; net.
$1,972,969; other Inc., $81,906; charges,
$991,322; dividend (4%), $647,009; extraor. expend, fund, $400,000;
bal.. sur., $13,543.—(V. 83, p. 1591; V. 84, p. 160,-804.)
VANDERBILT TIMBER, MINING A S. W. RY.- V. 82,
p. 930.
VERA CRUZ A PACIFIC RY.—Owns from Cordoba, on the Mexican
Ry., to Santa Lucretla, 203 miles, on the Tehuantepec National Ry.
by which connection Is had with Sadna Cruz on Pacific Ocean, 114 mljec
distant; also branch from Tierra Blanca to Vera Cruz, on the Gulf of
Mexico, 62 miles, forming a through line from the Atlantic to the Pacific
Ocean: total, 265 miles.
Stock, $1,000,000 common, all owned by Mexi¬
can Government, which guarantees
bonds, prln. and Interest, by endorse¬
V. 78, p. 1783, 1963: V. 79, p. 1933 1643.
ment.
BONDS are subject to call at 110 to July 1 1924,
and on July 1 1924
and thereafter at par.
Of the bonds $4,500,000 had Interest scaled to
1 % to Dec. 31 1905, 2 % from Jan 1 1906 to Dec. 1 1907
and 3% from
Jan. 1 1908, to Dec. 31 1909: these have supplementary
coupons attached,
representing balance of 4 H % Interest, payable at Speyer A Co., New
York, from fund deDosIted therefor.
EARNINGS.—For year ending Dec. 31 1906, gross earns. (Mexican cur¬
rency) were $968,998; net, $33,330.
In 1905, gross, $.'61,141; del. under
oper.-exp., $228,870.
Bal. sheet June 30 1905, V. 81, p. 1846.
Pres, and Gen. Mgr., Thomas Milan, Vera
Cruz, Mex.; Asst. Treas. and
Asst. Sec., L S. Zimmerman,
Baltimore.—(V. 84, p. 804.)
VERMONT A MASSACHUSETTS RR.—Road,
Fitchburg to Green¬
field, Mass., 56 miles of double track; branch, 3 miles.
Leased to Fitch¬
burg RR. for 999 years at 6% on stock.
Bonds for $772,000 were Issued
to refund the 5s due May 1 1903, etc.—(V. 79,
p. 2589.)
VICKSBURG SHREVEPORT A PACIFIC RY.—Delta, La., on Mis¬
sissippi River, via Shreveport, to Texas line, 188 miles.
Of this. 17 miles
Shreveport to Texas State line, Is leased to Mo. Kansas A Texas till July
1925.
Successor on May 1 1901,to V. S. A P. RR., foreclosed
per plan
V. 72. p. 628, 676; V. 77, p. 38.
STOCK, ETC.—Of the $3,500,000 general 5s, $1,323,000 are reserved
to take up at maturity the prior lien 6s and
$355,000 for future Heeds.
Car trusts $193,554 (4 !^s). due seml-ann. to Aurll 1 1913.
V. 83. d. 1344.
DIVIDENDS.—On pref. stock, 1902 to 1906. 5% yearly; on common.
1903. 2Vj%: 1904. 3%; 1905, Nov., 2%; 1906, none.
EARNINGS.—From July 1 to Mch. 7. gross, $1,116,309 In 1906-07;
$849,609 In 1905-06.
Report for 1905-06 in V. 83,p. 1344.
In two
Year.
1905-06
Gross.
$1,302,225
Net.
Other inc.
Interest.
*Bal.,sur.
$263,828
$14,069
$170,480
$107,416
1904-05...-..- 1,424,405
343,472
15,627
170,480
188,619
•From surplus paid In both years 5% on
pref. and In 1904-05 2% on
common; In all for 1905-06, $107,140, and In 1904
05, $164.270.—(V. 79
p. 2589; V. 81, p. 1548, 1552; V. 83. p. 1344, 1349.)
VIRGINIA A
SOUTHWESTERN RY.—See page 179.
VIRGINIAN RY.—To extend from Deepwater, W.
Va. .on the Kanawha
River, to Sewall’s Point, near Norfolk. Va., 443 miles, of which
grading
completed from Sewall’s Point west 123 miles. 100 miles being laid with
track, and balance to be completed by Jan. 1908.
See V. 84, p. 627; V. 78,
p. 1962; V. 81, p. 1551; V. 83. p. 436; V. 84. p. 694.
Successor. Apr. 1907,
of the Tidewater and Deepwater
Rys.
Stock authorized, $35,000,000.
The Tidewater Construction 6%
participation certificates are secured by
$20,000,000 lirst mtge. bonds and $10,000,000 dividend or Int
crest-paying
collateral.
The loan Is guaranteed by H. H. Roger®; V.
84. p. 451. 509.
Henry H. Rogers of the Standard Oil and associates are understood
to^be
financing the enterprise.
Pres., W. N. Page, Ansted, W. Va.; Sec., H. J. Taylor; Treas., Geo. H.
Church.— (V. 84, p. 627, 694.)
B1O4ND7S.
RSAATILONWCDKY
1A9P0R7..,]
148
RAILWAY STOCKS AND BONDS.
IIAILROADS.
For
explanation of column headings, &c.,
on first page of tables.
Miles
Date
cf
of
see notes
j Road.
Wabash RR—(Conci.)—Var.equip.trusts June 30 1906
l
Five year notes $10,000,000 gold redeem at par
Kans Cy Exc Sp & Nor M g guar (V 79 p 2697)..
Columbia & St Louis $300,000 gold guar p & 1
SSt
Buffalo Term Assn 1st M $1,100,000 guar p & 1
Leased Line Bonds—
St L Conn Bl & O 1st M (option V 75 p 1033)
Wabash Chester & Western—First mortgage gold _c*
First consolidated mortgage $1,000,000 gold. SSt.c*
Wadies Southern -First M $1,000,000 gold red 105. Q i
9
22
4,
Wallkiil Valley—Stock 3H % guaranteed
i
First mortgage (formerly 7s) guaranteed
Second mortgage income 34 % guaranteed
!
Warren (N J)—Stock 7 % perpetual guar D L & W__
First ref M $2,000,000 gold guar p & 1
F.c*&r
Washington Central—First M gold $15,000 per mile. K
Wash & Columbia River—1st M $2,500,000 gold.F.C
;
I
Income bonds
non
cumulative $2 500,000
Bonds.
1905
1901
1902
1906
-
-
$500
1,000
1,000
93
33
33
1877
1877
1,000
1,000
18
18
1,000 &c
1,000
10,000,000i
500,000
50
50
—
79
128
11
1881
500
1,000
1,000
50
1,000
1,000
WABASH-PITTSBURGH TERMINAL RY.—(See Map of Wabash RR.)
—Owns road extending from connection with Wheeling & Lake Erie RR.
near
Jewett, O., easterly to Pittsburgh, Pa., about 60 miles, opened
July 2 1904; also extensive terminals at Pittsburgh and majority of stock
of Wheeling & Lake Erie (which see), thus
controlling the easterly end
of the Wabash system from Toledo to Pittsburgh.
V. 78. p. 1908, 2386
2443: V. 82, p. 570.
Stock, $10,000,000, all owned by Wabash.
In September 1904, acquired the entire $14,000,000 stock of
Pittsburgh
Terminal RR. & Coal Co., a belt line at Pittsburgh and about 15,000 acres
of coal and 675 acres of surface lands, the latter leased to the
Pittsburgh
Coal Co.
The stock Is pledged to secure Wabash RR. 4 )4 % notes of
V. 80, p. 1364.
1905.
V. 79, p. 1024, 2087, V. 80, p. 1232, 1364, 1729.
BONDS.—Both classes of Donds are secured by all propertyT<now owned
or hereafter acquired,
Including 60 miles of road owned. Pittsburgh ter¬
minals, and new bridge over Monongahela River, and further by deposit
of a controlling interest In the Wheeling & Lake Erie, viz.: $11,870,000
common, $6,423,800 second preferred and $847,500 first preferred stock;
and also by a traffic and trackage agreement with the
Wheeling & Lake
Erie and Wabash, under which the latter two
companies pledge 25% of
their gross earnings from traffic interchanged to meet
any deficiency of
Interest and contract with Carnegie Steel Co.
V. 80, p. 1231, 2221.
Of the $50,000,000 first 4s, the remaining $20,500,000 is reserved for
additional mileage, acquisitions and future purposes.
No first mtge. bonds
In excess of $35,000,000 are to be Issued until the full Interest for the
pre¬
ceding year has been earned and paid on all the outstanding first and
second mtge. bonds.
The second mtge. bonds are entitled to Interest at
4% per annum to June 1910 Incl., If earned (non-cum.), and thereafter
become fixed Interest bonds.
V. 78, p. 2386, 2443; V. 82, p. 989.
EARNINGS.—12 mos., 11905-06
Gross, $933,352: net, $339,104
July 1 to June 30.
] 1904-05
Gross,
354,142; net,
104,356
—V. 82, p. 989, 1440.
WABASH RAILROAD.—(See Map.)—Embraces lines as
follows, viz.;
Owns East of Miss. River.
Owns West of Miss. River.
Miles.
Toledo, O., to East Hannibal,
Moberly to Ottumwa, Ia_
Catnp Pt. and Elvaston, Ill. 536 Salisbury to Glasgow, la., etc
Deeatur, Ill., to E. St. Louis.. 110 Des Moines to Moulton, la
near
Chicago to Effing¬
Brunswick,
to
Council
Mo.,
ham and Altamont. Ill
216
Bluffs, la.(Incl. 41 m. leased)
Streator to Falrhury
31 Excelsior Spr. to Milw
June.
June,
f!
I;
8
110
Total owned and leased
2.046
Trackage, etc.
Junction, near
Chicago to Clarke Junction
18
Chicago
150 Moberly to Hannibal
70
Attica to Covington
15 East Hannibal to Quincy
17
Champaign to Sidney
12 7 short lines to Quincy,
De¬
Toledo to Montpelier. O
50
troit, &r
36
New Haven to Butler. Ind
26 Other lines
54
Owns TtVs' of Miss River.
Windsor, Ont.. to BulTalo
275
St I-oil's to near Kansas City. 275 iGrank Trunk Ry.
V. 66, p. 812.)
Centralla to Columbia, Mo
21
St. L. Le\ ee to Ferguson, Mo...
11
Grand total July, 1906
2,517
Also owns entire $10.000,000 stock of
Wabash-Pittsburgh Terminal
Rv
60 miles, which holds a majority of stock of Wheeling & Lake Erie
Ry.. 472 iniies.
See those companies.
to Clarke
.
,
a:r
i
HISTORY, &C.—Successor In 1889 to the Wabash St. Louis & Pacific,
which was sold In foreclosure.
See “Supplement” up to January 1889
The Mo. I'ac. system on July 1 1906 owned $8,500,000
preferred stock and
$5.435,000 debenture bonds, making $13,935,000 out of a total of $92,000,000 stock and voting debentures.
V. 78, p. 1110.
■
LEASE.— Entrance to Chicago is over Chic
stock
this
company
owns
$1,000,000
& West Indiana, of whose
(dividends, 1896-07* 6% yearly.)
FINANCIAL PLAN.—The stockholders and debenture holders voted
Oct. 22 1906 to approve a plan, given in V. 83.
p. 437, 626. to retire
at once the $30,000,000 outstanding debenture A and B bonds
and make
Brovision for future capital requirements and the refunding of the
present
onded debt.
A new Issue of 4% 50-year refunding bonds was author¬
ized (limited to $200,000,000) bearing date
July 1 1906 and secured on all
the property owned at date of mortgage and thereafter
acquired from the
Of the bonds, $5,000,000 Is Issuable at once, $21,862,proceeds thereof.
500 to retire the debentures and $68,277,000 is reserved to
refund or retire
the existing bonds, promissory notes and
equipment obligations.
The
balance ($110,260,500) of the bonds Is to be used only for betterments
development, extension and equipment.
The authorized preferred stock
was Increased from $24,000,000 to
$40,500,000 and the common stock from
$78,000,000 (of which $36,000,000 outstanding Dec. 31 1906) to $159,500.000, an amount not exceeding $16,500,000 of cacti class of stock to be used
to elfect the change of the debenture bonds.
The plan is operative, $2,957.000 of the .Series A and ail except about $2,499,000 of the Series B
debentures
assented.
having
V. 83. p. 1591; V. 84, p. 52, 222.
Will Be Exchanged for—
Amount
4%
Pref.
Com.
Each $1,000 Bond—
Issued.
Bonds.
Stork.
Stock.
Debentures Series A
$3,500,000
$795
$580
$580
Debent tires Series B.
._26.500.000
720
520
520
BONDS.—Abstracts of the mortgages of 1889 were In V. 49. pp. 270-273.
Tiie first mortgage covers all the lines owned both east and west
of the
Mississippi at time of reorganization (1,542 miles); but the second mortgage.
covers only 1.009 miles east of the river.
Debenture mortgage bonds were $3,500,000 series A
(pref. In respect to
interest payments only) and $26,500,000 series B.
rf series B bonds
are not presented at maturity.
July 1 1939, Interest will continue to be
payable If earned.
Both series had voting power.
See plan above.Buffalo Terminal Association guaranteed notes
(City Trust Co. of Boston,
trustee).
Y 83, p. 157.212.
—
INTEREST
“A” bonds
on
%
\’90 to’93.
j 6 yearly.
'94. ’95’ *96. '97.
0
0
1
to *99. ’()(). to’04
0
6
yearly
104.000
None
since.
999,000
750,000
&c
1,000
1,000
1,000
1,000
1,000 (Sec
F
9,641,600 6 in 1906 M
1,000
1879
WABASH CHESTER & WESTERN RR.—See page 179.
troit
3)4 g F
5 g
i
...
Stocks—Last
Dividend.
N Central Trust Co N Y
May 1 1910
J Office. St Louis
Jan
1 1928
N Office. 195 B’way. N Y May 1 1942
June 29 1907
__
&
&
&
&
1 1908
1 1918
1 1928
1 1926
1907
%
1 1917
1
1917
—
1905
1902
23
pal, When Due.
J Office, 195 B’way, N Y July
J Nat Bank of Comm, N Y July
J Juiy 1894 paid July 1 ’96 Jan
J'Guaranty Trust Co, N V July
F
Grand Cent Station, N Y May
3)4
C
J
&
J
do
do
"
3)4
Aug
M
&
S
do
3)4
do
Aug
7
A 15 & O Del L & W RR, N Y
April
3 H g F
&
A
do
do
Aug
4 g
Knickerbocker Tr Co,NY Mar
0 —M
4 g
J
&
J Farmers’ L & Tr Co, N Y July
4
Payable as earned.
See text
July
&
J NY, Portland & Boston Jan
3)4 g J
5 g
J
&
J Philadelphia, Pa
Jan
1895
1904
1899
137
19
F
50
1 000
500 &c
&
&
<5c
J
J
J
J
6
•r> g
5 g
•5 g
1,000
1,000
1,000
1,000
130
163
Bonds—Princi¬
Where Payable, and by
Whom.
Payable.
4 )4 g M
4 g
J
4 g
A!
6
300,000
390,000
800,000
330,000
1,000
When
.
421,000
1.000
_
Edwardsvllle Branch
$1,600,321
7,000,000
100,000
200,000
835,000
250,000
330,000
1,800,000
1,394.000
1,853,000
2,498,000
2,245,000
2,500,000
378,000
1900
1898
1895
Rate
ON v.O
Outstanding
100
Washington Co—1st M gold guar (end) red (text)Ce.c*
Washington & Franklin—1st M $475,000 g lnt rental.r
Washington Ohio & Western—See Southern Ry.
Wash Term—1st M $12 000,000 g guar (text) -Us.c* &r
Weath Min Wells & Nor—1st M guar p & 1 end (text) N
West Chester—See Pennsylvania RR.
West Jersey & Sea Shore RR—Common stock
Special guaranteed stock..
Camden & Atl cons M ($650,000 5s: bal 6s coupon)
West Jersey consol mortgage ($1,500 Is scrip)
r
Delrey, near Detroit, to Butler
Montpelier, O. on line to De¬
Amount
1,000
Woodstown & Swedesboro llrst mortgage
c*
1882
West Jersey & S S first cons M Series A gold s f.c*
329
1896
Gold Series B $1,500,000 gold
c*
329
1896
Gold Series C & D ($934,000 Ser C 3 )4s)
329
1896
_c*
West Shore—1st M guar p & I end by N Y C._ Un.c&r
479
1885
West Virginia Central & Pittsburgh—See Western Mar
RR.
[yland
West Virginia & Pittsburgh—First M gold. MeBa.c* '
1890
159
Western (Ala)—1st M gold guar by C Ga and Ga RR c*
132: 1888
Western Maryland—Com stock $60,000,000 auth
!
First mortgage $50,000,000 gold
Me.c*&r Text ! 1502
General lien and conv M $10 000,000 (text! .B e' &r Text.
1902
it
INTEREST OR DIVIDENDS.
or
Par
Value.
1878
1888
1893
1906
42
65
-
_
Size,
fVOL. LXXXIV.
90.000
1,600,000
1,500,0001
1,995.000
50.000,000
&
&
4,000,000 (5)
1,543,000
15,685,400:..
39,576,000
10,000,000
J
J
M
M
J
A
4)4 g A
4 g
&
&
&
&
&
&
&
&
&
A
A
&
&
1
1
1
1
1
1
2000
1948
1935
1935
1954
1939
1
1
1945
1930
Mar 15 *07 3%
Dec 1 1906 3 %
July 1 1911
Nov 1 1909
May 1 1912
July 1 1936
July 1 1936
July 1 1936
Jan
1 2361
I
O B & O Off. 2 Wall St.N Y April 1
O Guaranty Trust Co, N Y Oct
1
—
4 g
4 g
15 ’07 3)4
A Washington and New Yk Feb
A Mercantile Trust Co, N Y Aug
S Broad St Station, Phlla
D
do
do
J
do
do
N
do
do
N Camden Safe Dep& Tr Co
J Broad St Station, Phlla
J
do
3)4 g J
do
do
3)4 & 4 Various.!
do
4
J
&
J Grand Cent Station, N Y
6
& 6
6
6
4 g
U
:|
-
%
O Mercantile Trust Co. N Y Oct
O Bowling Green Tr Co,NY Oct
1990
1918
1952
1952
1
1
Detroit & ChicagoExten. mtge. ($3,500,000);
abstract, V. 54, p. 1049.
Des Moines Division bonds of 1899, see V. 68, p. 574; V. 69,
p. 1248.
A sinking fund retires $100,000 equipment 5s of 1901
annually at 108
for 5 years, then $150,000 for 10 years and thereafter $200,000.
V. 72,
p. 185, 582, 822; V. 73, p. 567.
In June 1906 $6,180,000 4)4% equlpmen
trust bonds were sold, maturing $309,000 semi-annually.
V. 82, p. 1498
In Dec. 1906, 4,000 steel hopper cars and 2,000 wooden box-cars,
It was
stated, were ordered.
V. 83, p. 1525.
Omaha Division 3)4s cover Council Bluffs, la., to
Pattonsburg, Mo.,
144 miles.
V. 75, p. 686.
Columbia & St. Louis RR., guaranteed bonds.
V. 73, p. 338, 786, 1012; V. 74, p. 1040; V. 75, p. 686.
The $10,000,000 terminal gold
bonds of 1904 are Issued to acquire
from time to time additional terminals at St. Louis and Kansas
City, Mo.,
Chicago and Quincy, Ill., Toledo, O., Detroit, Mich., and other places.
V.
76, p. 436, 753. 1032; V. 81, p. 1437; V. 82, p. 570, V, 83. p. 1236.
The $6,160,000 3-year 5% notes maturing May 10 1907 were extended for
two years.
The new notes are secured by the entire stock ($10,000,000)
and $6,600,000 of 50-year first mortgage bonds of
Wabash-Pittsburgh Term
Ry. and $4,800,000 Wabasli RR. 1st ref. 4s.
V. 84, p. 869.
V. 78, p.
.
1551; V. 84, p. 869, 932.
$840,000 equlpt. 5s, V. 78, p. 1551.
The five-year 4H % notes of 1905 ($10,000,000 authorized
Issue), of
which $7,000,000 was sold
are secured by pledge of about $8,000,000
Wabash-PItts. Term. Ry. notes and other collateral.
See list, V. 80, p.
1729; V. 80, p. 1231, 1364.
,
GENERAL FINANCES.—Completion in July 1904, of the controlled
Wabash-Pittsburgh Term. Ry. (see that co. above) affords direct connection
with
Pittsburgh. Y. 78, p. 2386, 2443; V. 79, p. 1024. A Gould syndi¬
cate has acquired the Western Md. RR. to obtain access to
tidewater.
As to retirement of **B” bonds and new ref’d’g Issue, see PLAN above.
EARNINGS.—8 mos., 1 1906-07... Gross. $18,236,959; net, $5,440,127
July 1 to Feb. 28.
J1905-06...Gross, 16,675,260; net, 4,755,045
For 4 mos. ending Oct. 31 1906, net, $3,332,785,
against $2,856,392 in
1905; other Inc., $391,095; charges, $2,046,307; improvements, $35,828;
bal., sur., $1,641,745.
REPORT.—Annual meeting at St. Louis second Tuesday In
September.
Report for 1905-06 in V. 83, p. 887, 975; editorial, p. 933.
Year ending .June 30—
1906.
1905.
1904.
Average mileage
2,517
2,517
2,517
Gross earnings..."
$25,015,379 $24,696,600 $23,023,626
Net earnings
6,937,491
4,193,156
5,340,118
From rent of tracks, &c._
1.231.845
875,262
641,347
Total net Income.
Taxes
Track bridge rent, &c
Interest on bonds.-i.
Appropriation for
Dividend
$8,169,336
$915,909
947.960
.
new equipment...
1
“A” debentures
on
Balance
708,484
,300.000
$5,068,418
$826,624
2,232,594
3,468,572
$5,981,465
$750,159
2.019,592
3.092.423
"
Yorf.ooo
.sur.
$509,333df.$l,459,372
sur.$14.291
OFFICERS.—Chairman, E. T. Jeffery; Pres., Frederick A. Delano;
Henry Miller; Treas., F. L. O’Leary;-Sec., J. C. Otteson.
Directors—Thomas H. Hubbard, E. T. Jeffery, R. M. Gallaway, Edgar
T. Welles, George J. Gould, S. C. Reynolds, John T.
Terry, J. J. Slocum,
Winslow
Gen. Mgr.,
F.
S. Pierce, W. B. Sanders,
Delano
Office. 195 Broadway, N. Y.—(V.
\.
R. C. dowry, W.
84,
p.
li.
Blodgett and
222, 272, 804. 869, 932.)
WADLEY SOUTHERN RY.—Collins, Ga., to Rockledge, via
Wadley,
A consolidation in Aug. 19«)6 with the Stillmore Air Line
Ry.,
name being changed from Wadley & Mt. Vernon RR.
Understood to lie
controlled by interests allied wit!) the Central of
Georgia Ry.
Stock,
$600 000, all Issued: par, $loo.
Of the bonds. $200,000 are reserved for
future requirements, $315,000 of the present Issue to be held to retire
out
standing Wadley & Mt. Vernon 5% bonds.
V. 83, r>. 437.
Pres., II. P.
Smart: Auditor, W. D. Beymer: Treas,, T. M.
Cunnlrtgham. Office,
Savannah. Ga.—(V. S3, p. 437. 964. 975.)
WARREN & CORSICANA PACIFIC RY. WARREN RR.—See p.
179.
WASH. CENTRAL RY.. WASH. & COL. RIVER RY.—See
page 179/
WASH. COUNTY RY
WASH. & FRANKLIN RY.—Seepage 179.
WASHINGTON TERMINAL CO.—To own union station at Massachu¬
setts Ave., Washington, D. C.: terminal and
approaches to be completed
early In 1907.
The Phlla. Balt. & Wash. (Penn. RR. system) and the
Balt. A Ohio own the outstanding $2,500,000 stock (authorized amount
$3,000,000) and guarantee the bonds, of which $10,000,000 hearing 3 4%
Interest was sold In April 1905. tlie $2.000.000 unissued bonds not to hear
Interest in excess of 4%; V. 80. p. 1973.
V. 76, p. 812, 594; V. 77, p. 252:
V. 80, p. 652. 1176, 1364.
Other tenants besides guarantors are Southern
Ry.. Washington Southern Ry. and dies. & Ohio Ry. — (V'. 84, p. 869.)
WEATHERFORD MINERAL WELLS & NORTHW. RY.—See p. 179.
WELLINGTON GREY & BRUCE RY.—V. 83, p. 39; V. 84.
93 miles.
.
p. 160.
SHORE RR.— (See Map Pennsylvania RR.) —
on
Pennsylvania system In Southern New Jersey,
Including Camden, opp. Philadelphia, to Atlantic City (59
miles), Camden
to Cape May, 82 miles. &c., total. 334 miles.
V. 62, p/366, 871.
Of this,
Camden to Atlantic City, with branch, total about 75
miles, is equipped
WEST JERSEY
Owns all the lines
electrically.
&
SEA
the
;
STOCK.—Stockholders voted Meh. 6 1906 to Increase the common stock
to $10.(»o<).ooo.
of tlie new stock', about $3,418,000 was subscribed
by
stockholders at par in April 1906, raising the amount outstandlna to $9,641,600, of which the Penn. RR. held Jan. 1 1907 $4,096,900.
V. 82, p.
187. 393. 754.
DIVIDENDS. — Common Sept. 1896 to Meh. 1905, incl., 5% yearly;
since to Meh. 1907, incl., 6% yearly.
BONDS. — First consol, mtge. is for $7,000,000, of which
$1,840,000 re¬
served for prior lien bonds when due.
V. 62, p. 1179;
V. 84, p. 160.
Mortgage tni'-rce. Commonwealth Title Pi'Uir. & Trust Co.. Philadelphia.
EARNINGS.--2 mos., 1 1907
....Gross, $552,254; op.def.$200,812
.Tan. 1 to Feb. 28.)
j 19.06
Gross
529,854; net,
38,388
.
explanation of column headings &c.
on first page of tables.
see
Western Maryland—(Concluded)—
West Va Cent & P 1st M g $3,600,000 ass
notes
Miles
Date
of
of
Road. Bonds.
Mp.c*;
Piedmont & Cumberland 1st M gold assumed ...Me
Coal & Iron Ry 1st M gold ass(V71 p 1166)
MeBa
Potomac Val 1st M $2,000,000 gold ass.. MeBa.c* &r
Lines Leased (x) and Controlled by Ownership of all
xyBalt & Cumb Val Ry 1st M Interest rental
!
xyBalt & Cumb Val RR 1st M Interest rental
j
xBalt &Cum Val RR Ext stock gu ($270,000 car 7 %)
First mortgage Interest rental
Ba
xzBalt & Harrisburg Ry mortgage gold__MeBa.c*'
xyBalt & Harrisburg Ry W Ext gold guar. MeBa.c*;
Western New York & Pennsylvania—Stock (see text)
Western NY & P 1st M ($10,000,000) gold.Me.c*
j
General M $10,000,000 gold (see text)
Un.c*
FP c*
Income bonds $10,000,000 gold non-cum
Western North Carolina—See Southern Ry.
Western Pacific—1st M $50,000,000 g red 105.B c*&r!
Pennsylvania—See Pennsylvania RR.
Wheeling & Lake Erie—Com stock $20,000,000 auth
First pref 4% non-cumulatlve $5,000,000
j
Second preferred 4 % non-cum $12,000,000
!
First mortgage Lake Erie Dlv gold
Me.c*
First M Wheeling Dlv $ & £ (2d on 187 m) g.-Ce.c*
Extension and Improve M ($1,900 000) gold._Ce.c*;
First consol mortgage gold $15,000,000
Me c*
General mortgage $35,000,000 gold
Ce,c*&r
Notes g sec by $ 12,000,000 4s guar p & I red par.. N
Toledo Dock & Coal Co 1st M lnt paid as rental
i
Lorain & W Va 1st M $2,000,000 gold guar_c*&r
Car trusts June 1906 payable monthly, quar & ann
Equipment bonds $2,500,000 gold s f (see text) ..Me
Equipment trust notes gold..;
Wheeling Term—1st M $2,000,000 g s f guar p & l.c&r
White & Black River Valley—1st M g lnt guar__F.c*
White Pass & Yukon—Stock £1,700,000
Consolidated first mortgage deben stock red after ’20
Mortgage debentures (navigation bonds) red 105..
Size,
Par
Value.
—
When
%
Payable.
50
390.600
1881
1886
1888
1.000
1,000
1,000
1
1887
1895
1895
1,000
1,000 j
1,000 j
230,000
690,000
240,000
20,000,000
9.990,000
j
1903
i
27
66
15
600
600
600
50
&c!!
1,000
1886
1888
1889
1899
1905
1905
1883
1906
187
50
260
451
See text.
35
:
•
10
63
1902
1904
1900
1900
j
1,000
1,660!
1,000:
1,000
1,0001
£10!
_
no
1,000
1900
1901
£10 &ci
£100
1
1
1
1
1911
1911
1920
1941
1
1
1
1
1
1
1929
1
1
1937
1943
1943
S New York & San Fran
1
1953
1
1926
1928
1930
1949
1955
jM
&
A
J
F
M
F
F
F
J
&
&
&
&
&
&
&
&
|
iSept
1929
1907
1931
1936
1938
1
O Mercantile Trust Co, N Y Oet
J Central Trust Co N Y
July
do
do
A;
Feb
S Mercantile Trust Co, N Y Sept
A
(Aug
A New York Tr. Co., N. Y. Aug
1 1908
A'2ndNat. B’k, Toledo
Aug 1 1908
D New York
June 1 1956
See text. :
Various
To Nov 1914
353,600
5 g
J
&
J Mercantile Trust Co, N Y*Jan
1 1922
2.098,000'
To Dec 1914
672,000
4H g Various Various
&
4
F
A
Office,
Aug
Pittsburgh
1 1940
g
1,485,000
&
J First National Bank, N Y .Tune 30 1980
5 g
J
600.000
£1,375,000 See text. See text. Office, 7 Moorgate St,Lon Jan 15 1907 3 %
5
J
&
J
do
do
; Dec 31 1930
£746.702
6
J
&
J Glyn, M, C & Co, London,Jan
£255,555
1 1930
8,000,000
50,000
...
Years end. Dec.
Gross
2,683,188
1904.
$7,674,112
1,520,906
$6,647,831
1,091,820
499,500
400,000
116,268
209,674
109,318
$5,341,975
277,598
499,500
400,000
118,468
221,302
499,500
400,000
585,527|
214,949
mtge.. none of the new bonds to be Issued at present. Pres.. E.
Directors, Mch. 1906, V. 82, p. 630.—(V. 84, p. 340. 627, 932.)
WHEELING & LAKE ERIE
RR.—(See Map of Wabash RR.)— Includes:
Miles.
Miles.
Lines owned—
Toledo, O., to Martin’s Ferry
Cleveland to Zanesville, O
Canton to Sherrodsville
Toledo Belt Line.
216 Cleveland Belt
144
45
5
Various branches owned
Branch oper., perp. lease.
Total July 30 1906
HISTORY.—Successor May 1 1899, per plan In V. 66, p.
6
61
21
498
1142, of Wheel*
lng & Lake Erie Railway, foreclosed. V. 68, p. 830.
Wabash-Pittsburgh Terminal Ry. (which see above) acquired In 1904
following amounts of the stock: $11,870,000 common, $6,423,800 2d pref.
and $847,500 1st pref. stock.
V. 78. p. 2386, 2444.
Owns maiorlty of stock of the Pitts. Wheeling & Lake Erie Coal Co.,
leased in 1901 for ten years to other parties.
V. 70. p. 799, 741.
In 1906 acquired the Lorain & West Virginia, Wellington north to
Lorain, 30 miles, with branches, 5 m., completed Mch. 1907, and the
Sugar Creek & Northern (cut-off), under construction from Bolivar north¬
west to Orrvllle, 22 miles.
V. 82, p. 1103; V. 83, p. 1288.
The Pittsburgh Lisbon & Western, New Galilee, Pa., to Lisbon, O.. and
Salem to Washingtonvllle, O., 7 miles, is owned, but operated separately.
It has outstanding $150,000 5% bonds due July 1 1926, red. at 105, and
$838,000 first 50-year gold 4s, due Dec. 1 1952, Int. J. & D. at Bowling
Green Trust Co., N. Y., trustee.
BONDS.—The mtge. of 1899 secures $15,000,000 gold 4s. of which $3.328,000 will be Issued to retire at maturity all underlying bonds.
See ap¬
plication to list. V. 71, p. 34, 542; V. 72, p. 534, 628; V. 74, p. 1040; V. 77.
). 2392.
New 4s of 1905, see below.
Lorain & West Va. 4s ($2,000,000 auth.. Citizens’ Savings & Trust Co. of
V. 83. p. 272, 1287.
Cleveland, trustee) are guar, by end., prin. and lnt.
Equipment bonds of 1902 may be purchased at not exceeding 105 and in«rest or drawn by lot at 108 and Interest (or the sinking fund may be applied
the purchase of additional equipment) to the following amounts: $100,000
•arly to Jan. 1 1909, then $100,000, $125,000, $150,000 and $175,000
arly for each successive period of 4 years.
V. 74, p. 578.
GENERAL FINANCES.—The stockholders In 1905 authorized a gen.
^ge. to secure $35,000,000 of 50-year 4% bonds, of which $15,000,000 la
"V'erved to retire underlying bonds and $20,000,000 for future purposes. In
V^g. 1905 $8,000,000 notes, secured by $12,000,000 gen. 4s. were sold for
V. 81, p. 669, 77X; V. 83, p. 1287
$4,014,053;net. $1,365,407
j 1905-06. .Gross, 3,758,142; net, 1,112,843
(EPORT.—Report for the year ending June 30 1906 was In V. 83,p. 1287.
July 1 to Feb. 28.
.-p
>
T. Jeffery.
WHEELING TERMINAL RY.—Owns a railway bridge at Wheeling, W.
Va., and about 10 miles of terminal track. Successor of Wheeling Bridge &
Terminal Ry., foreclosed In 1900.
STOCK.—$2,000,000, all owned by
Pennsylvania Company which guarantees principal and Interest of bonds
of which $500,000 are reserved for additions and Improvements; mtge.
Form of guaranty, V. 76. p. 655.
trustee. Commercial Trust Co. of Phlla.
Penn. RR. on Jan. 1 1907 owned $1,263,000 bonds. For year ending Dec. 31
1906. gross, $227,730; net, $128,387; interest. $59,400; dividend (2%),
$40,000; bal., sur., $28,981.
Secretary, S. B. Liggett.—(V. 76, p. 655.)
^ ATEST EARNS.—8 mos.,U906-07__Gross.
~
227 112
Balance, deficit
$179,071
$242,941 $1,188,784
—(V. 77, p. 825; V. 78, p. 1499; V. 80, p. 1364, 1476; V. 82, p. 806, 984.)
WESTERN PACIFIC RY.—Under construction from Salt Lake City.
Utah, to Oakland (San Francisco), with branches, about 930 miles, to be
completed Sept. 1908. V. 84, p. 627,932. In Sept. 1906 Virginia & Truckee
was reported as acquired.
V. 83, p. 689. The Den. & Rio Gr. and Rio Gr.
West, own two-thirds of the stock and Jointly and severally agree to meet
any deficiency In earnings to provide Interest on bonds.
V. 80, p. 1730.
Stock authorized. $75,000,000; par of shares, $100; V. 81, p. 728.
Bonds
$50,000 000, have been sold; see table above. V. 78, p. 1168; V. 80 p. 1480;
V. 81, p. 32.
The shareholders Nov. 9 1905 authorized a $25,000,000 2d
j-^jble track and other lmpts. and equip.
o
984.
1905.
Miscellaneous and extraordinary
Earnings.
$3,120,190
In V. 82. p.
1906.
31—
Gross earnings
Net earnings
lnt. charges on 1st mtge.
Int. on gen. mtge. (see above)
Taxes
Car trusts and other Interest
Year end. June 30—
Gross earnings
$
Net earn, over taxes
lnt. on deposits, &c
«»»
/\ 903-04. of 5,752,524 tons of freight carried, products of mines furnished
4^1% (bituminous coal, 51.12%).
‘—
Gross.
Net.
.
July
J First Nat Bk.New York
&
J
do
do
A
Aug
F
<Sc
A Merc Tr & Dep Co, 3alt Aug
F
&
Jan
do
do
&
J
J
of each c ompany.
dc
do
July
&
J
J
do
do
&
J
July
J
do
Jan
do
J
&
J
do
do
July
&
J
J
Nov
do
do
&
N
M
do
do
N
:May
M
&
!
J
J New York Trust Co, N Y Jan
&
J
do
do
O
April
A
&
i
Fidel Trust—When earn April
Nov 1
ANNUAL REPORT.—Report for 1905 was
REPORT.—Report for yea-
Bal anf
Stocks—Last
DlrUlend.
Where Payable, and by
Whom.
In 1900 the Penn. RR. purchased $19,402,686 of the stock at $9 per
share, $9,165,000 Income bonds at $300 per bond, and on Aug. 1 1900 took
the road over under lease. V. 71, p. 31, 85; V. 70, p. 843, 1096, 1150. The
new lease, made for 20 years from Aug. 1 1903, Is to continue thereafter from
year to year, subject to termination on 60 days’ notice. V. 75. p. 1255.
BONDS.—Abstract of Western N. Y. & Pa. 1st mtge. In V. 47, p. 109.
On Dec. 31 1904 $395,000 Income bonds were In the treasury. Mtges. and
ground rents payable Dec. 31 1905, $562,428.
.
Total net Inco'
Interest on hot
Rentals leased''
Interest on V'
5 g
See text.
l.OOOj
1 000
5 g
4 g
5
10,000,000
1,000
1,000
5 & 7
6
5 g
5 g
10,000.000
20,000,000!
4,986 900;
11,993,500
2,000,000.
894,000
409,000
11,697,000
100
100
100
Georgia RR. and Ceht. RR. of Georgia, each owned half the $3,000,000
stock, but In 1905 the former sold Its Interest.
V. 82, p. 336.
DIVIDENDS 1 1894 to 1896.
’97.
’98.
’99.
’00.
*01. ’02 to ’06.
(%)
j
2 yearly
3
0
5
4
2
4 yearly
For year ending June 30 1906, gross, $1,132,362; net, $454,582: other
income, $9,589; charges, <Scc., $331,755; dlvs., $120,000.—(V. 82, p. 336.)
WESTERN MARYLAND RR.— (See Map.) — HISTORY.—In June 1902
the Gould Interests acquired the Interest of City of Baltimore In road.
In 1905 merged with Western Maryland Tidewater, Potomac Valley, Pied¬
mont
& Cumberland, West Virginia Central & Pittsburgh, Bellngton &
V. 81, p. 509, 900, 1243.
Beaver Creek and Coal & Iron Rys.
lines Owned—(390.7 m.)
Miles. \
Miles.
Lines Leased—(150.8 m.)
Maryland division, Balto., via
| Balt. & Cumb. Val. (3 cos)
*34.1
Hagerstown & Wmsport. to
| Balt. & Harrisburg (3 cos.)
*97.6
172.4 Washington & Franklin
*19.1
Cumberland, Md
West Va. dlv., Maryland to Bel{Trackage In Baltimore..
2.7
lngton and Durbin, W. Va.,
!
218.3
(• See this Co.)
with branches
Total June 30 ’06 (also 27.4 m. 2d & 193.6 m. side, &c., track)
543.6
Above Includes connecting link from Big Pool, opposite Cherry Run, W.
Va., to Cumberland, Md., 59 miles, completed Feb. 1906, making the system
a through route from the coal fields to Baltimore.
As to Unlontown & Wheeling Short Line, see V. 82, p. 1270.
In Jan. 1907 acquired the George’s Creek & Cumberland, Cumberland to*
See V. 84, p. 160
Lonaconing, Md., 21 m., with 4 branches; total, 33 m.
BONDS.—The new 1st 4s of 1902 (authorized Issue $50,000,000), co^A^
the entire property of the railroad and stocks of the proprietary and 1
lines owned by the company, also all of the capital stock of the Wes'
glnla Central & Pitts. Ry.. which owns about 135,000 acres of bltqo
coa! lands with 23 mining plants and appurtenances, 823 cokeover^
ministration buildings. 8 clepartm’t stores and 542 dwelling houses.^ j
000,000 bonds first Issued was used for the cancellation of $12,^f
gatlons formerly resting upon the Western Maryland RR., $i
acquire the capital stock of the West Va. Central and $4.5(
the construction of the Cumberland extension and equiprr
and Improvements.
The remaining $25,000,000 was
lows, viz.: $3,000,000 for-terminals, terminal propertb
and adjacent to Baltimore, $7,481,300 to retire bond
leased roads.
V. 75, p. 550, 850; V. 79, p. 1024; see
81
p. 266: V. 80. p. 473, 1914; V. 81. p. 614: V. 83.
In Oct. 1905 the 1st mtge. was a direct first lien op
a conveyance of the West Va. Cent. & Pitts, and-^
les, became a direct second lien on 227 miles ad
000 divisional liens: It also covers practically a’
leased companies owning 131 miles of road, sy
bonds, making a total of 522 miles coverc
The gen. lien and convertible mtge. s/
bonds bearing 4 % fixed Interest since Oc^.
EARNINGS.—For 7 months endin
"
Rate
6 g
$1,000 $3,250,000
5 g
650,000
1,000
5 g
i
1,000.000
1,000
31
!
1.000
1,300,000 i
5 g
y) or Majori ly (z) of S took—See s tatement
6
500!
3
1879
48,500
6
100 &c
5
72,800
1879
..,
Net Income, rallwe
Profits coal, &c.‘, d
Amount
Outstanding
1886
1900
1891
REPORT.—Report for 1905 was In V. 82. p. 985.
Years end. Dec. 31.
1906.
1905.
1904.
1903.
Gross earnings
$5,206,284
$4,652,405 $4,307,597 $4,260,460
Net earnings
1,263,677 ' 1,049.091
1,249,370
945,475
In 1906 other Inc., $40,086; Interest on funded debt, rentals, taxes, &c\,
$532,782; dividends at 6% on com. (and 6 % on special guaranteed) call for
$481,944; bal., sur., $274,728.—(V. 83. p. 689; V. 84, p. 160, 572.)
WEST SHORE RR.— (.See Maps N. Y. Central & Hudson River.)—Wee
hawken, N. J., opposite N. Y. City, to Buffalo, N. Y., with branches,
436 miles: Syr. Ont. & N. Y. RR. (owned), Syracuse to Earlville, 43 m.
LEASE.—Leased In 1885 for 475 years to the New York Central &
Hudson and all earnings, &c.. Included In that company’s report.
The
$10,000,000 of stock Is owned by the New York Central Company.
BONDS.—The bonds cover 479 miles of road, and also the terminals
Abstract of mtge. In V. 42, p. 176.— (V. 68. 332.)
at Weehawken.
WEST VIRGINIA CENTRAL & PITTSB. RY.—See Western Maryland.
WEST VIRGINIA & PITTSBURGH RY.—See page 179.
WESTERN (THE) RY. OF ALABAMA.—Selma to West Point, 132 m.
.
pal, When Due.
or
1881
132
29
45
Western
Mos. ending
Jan. 31—
1906
1905
Bonds—Princi¬
INTEREST OR DIVIDENDS.
RAILROADS.
For
I 19
RAILWAY STOCKS AND BONDS.
APR. 1907.
'PI
<>
Oth.Inc. Int.,taxes,&c.
Bal..sur.
$152,397
def. 193.360
4,595,607
956,471
63,654
$70,198
1,056,527
4,325,282
1,049,983
4
TCERS.—Chairman of Board, Myron T. Herrick, Cleveland: Pres..
Delano, St. Louis; V.-P., B. A. Worthington, Pittsburgh; Sec. and
H. B. Henson, New York.
CTORS.—George J. Gould, Edwin Gould, E. T. Welles, Winslow
Alvin W. Krech and W. E. Connor of New York; F. A. Delano of
Myron T. Herrick, George A. Garretson, E. W. Oglebay, H. P.
Robert Bllckensderfer, Dan. R. Hanna and William G. Mather
md and C. AI. Spltzer of Toledo, O.—(V. 83, p. 273, 1230, 1287.)
$5,318,801
/-06
05
4
...
,
.
$1,556,646
$1,404,249
1,149,831
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
Date
of
| of
Road. Bonds.
explanation of column headings, &c., see notes
on first page of tables.
For
Tombigbee Val—1st M $1,200,000 gold (see text)_.K,
Tonopab & Goldfield—1st M $1,500,000 g red
c
Ton & Tidew—1st M deb stock crts £500.000 ggup&l
Toronto Ham St Buff—1st M gold $40,000 p m__ AB c*
Second mortgage $1,000,000 gold.
j
—
Transylvania—First mort gold $500,000
Sc*&r
Traversa City Leel & Man—-First M $300,000 gold.c&r!
Traversa City RR—First mortgage gold
Trenton Delaware Bridge—First mortgage
!
Trinity St Brazos Valley—Equip tr bds gu (text) call 101G!
Troy St Greenbush—Stock 7 % rental New York Cent;
Tuscaloosa Belt—First mortgage $100,000 gold—K.c
53
01,
88 i
88
42
30
26
1906
1906
1905
1896
1904
1906
1902
1883
1877
1907
Size,
27 j
1011
Refunding mortgage $3 200,000.
__S.c*&r!
(Jnadilla Valley—First M $200,000 gold redeem at 110
Underground Elec Rys of London—Ord shares full pd_;
5 % profit-sharing notes'! $7,000,000 redeemable at;
do
do
do
/par
j
4H% power-house debentures £850,000
19
1903
1903
1905
Pacific RR—Common stock $196,178,700
;
Preferred stock limited to 4 % non-cum $200 000,000|
First M Ry and land grand $100,000,000 gold..Me 1,835
Union Springs St Nor—1st M $1,000,000 gold red 105;
7H
United N J RR St Canal Co—Stock 10 % guaranteed..
General mortgage of) Loan of 1908 gold
r) 238
1871 for $20,000,- Loan of 1923 gold
r j miles
000 (how first mort [Loan of 1929 gold
c&r [road
c&r land
gage) FP secures Loan of 1944 gold
all equally.
J Loan of 1951 gold p & 1 guar_ _ J canal
United Verde & Pacific—First M $300.000
Mo.c
26
Utica & Black River—See Rome Watertown & Ogdens burg, j
Utica Chen & Susq Val—Stock 6 % guar by D L & W
97
Union
1897
1901
1,000
1,000
1,000
1,000
1,000
1,000!
1,000
31!
1,000
111
1881
1,000
11 i
100
TORONTO HAMILTON St BUFFALO RR.—Hamilton to Waterford
Ont., 43 miles; Hamilton to Welland. 38 miles.- branches, 7 miles.
(See
V. 62, p. 319.)
Under traffic agreement with N. Y. Central, Michigan
Central, Canada Southern and Canadian Pacific, Interest Is practically
guaranteed. See V. 68, p. 475, and advertisement In * Chronicle of March
11 1899.
Of the stock, $2,500 000, 19% Is held by Canadian Pacific and
51 % by N. Y. Central.
V. 61. p. 753: V. 63, p. 359; V. 68. p. 475, 1134;
V. 69, p. 29.
For 8 months ending Feb. 28 1907, gross, $503,102, against
$488,181 In 1905-06.
For year ending Dec. 31 1905, gross, $691,835; net,
$218,219; Int. on bonds, $171,200; bal., sur., $47,019.—(V. 79, p. 1705.)
453.
TRANSYLVANIA RR—Heudersonvllle to Lake Toxaway N. C., 42
miles.
Leased to Southern Ry for 50 years from Jan. 1 1906 at a rental
of $25,000 yearly for 10 years and $30,000 thereafter.
V. 83, p. 97.
Stock authorized, $420,000; par $100; outstanding, $355,000.
V. 68, p.
92 6.
Year ending June 30 1905, gross, $64,173; net. $20,601.
Pres., E.
p.
Alsop, 1502 20tli St. N. W. Washington; V.-P. and Gen. Mgr., ,J. F.
Hays, Brevard, N. C.; Treas., A. K. Orr.— (V. 83, p. 97.)
TRAVERSE CITY
LEELANAU
St
MANISTIOUE
RR.—Operates
Traverse City, Mich,, to Northport, 30 miles, of which Hatch’s Crossing
to Traverse City, Is trackage.
The Grand Rapids & Indiana Railway
owns one-fourth of bonds and was to operate the road, the rental being the
net earnings.
V. 76, p. 812: V. 78, p. 1448: V. 82, p. 1098. Stock author-,
lzed, $500,000; par of shares, $100.
The Union Trust Co. of Detroit was
p.
17 1907.
$6,604.
97.)
V. 82, p 988.
Pres., R. R.
TRAVERSE CITY RR.—Owns road from Walton to Traverse City,
Mich., 26 miles; opened In 1872
Leased In 1883 to Grand Rapids &
Indiana RR., but not included In the reorganization of that company In
1896.
The Grand Rapids & Indiana has acquired nearly all the $205,000
stock and all the $190,000 of 5% Income bonds; V. 78, p. 1448.
For
year ending Dec. 31 1906, gross, $75,450; net, $14,901; Interest, $7,500;
rentals, &c., $1,752; balance, surplus, $5,649.—(V. 78, p. 1448 )
TRENTON (DELAWARE) BRIDGE CO.—Owns bridge 0.19 miles In
length. Leased In 1877 to Nov. 1 2870, lease being assigned to Penn.
RR.: rental, $32,000 yearly and two-thirds of taxes paid by the Bridge
Company.
Stock, $298,900.
Bonds are guaranteed, prln. and Int.
TRINITY St BRAZOS VALLEY RY.—Owns Cleburne to Houston, Tex.,
236 miles, of which Mexla to Houston, 157 m., opened Nov. 1906; also
Teague. Tex., 14 m. southeast of Mexla, northerly to Waxahachie, 67 miles,
opened Apr. 1907. Has trackage rights from Cleburne to Fort Worth, Tex.,
28 miles; Houston to Galveston, 53 miles, and from Waxahachie to Dallas,
31 miles.
Total operated, 415 miles.
V. 83, p. 695, 1172. Stock, $300,000; par, $100.
Tlie Colorado Southern and Rock Island Interests each own
half Interest.
V. 80, p. 1423. 2622; V. 82. p. 930. 986.
In Aug.11905
made a new first mortgage to secure 30-year 6% bonds due 1935 at $30,000
per mile, all to be deposited as issued under Col. & South, refunding mort¬
a
Outstanding Oct. 31 1006, $4,829,000.
The 5% equipment bonds
of 1907, subject to call at 101, mature $25,000 semi-annually, and are
guaranteed jointly, principal and Interest, by the Col. & Southern and
Chic. R. 1 & Pac. Ry.
V. 84, p. 509.—(V. 84. p..509.)
•TROY St GREENBUSH RR.—Owns from Troy to Rensselaer,’5,6 m.
double track; leased to N. Y. Central in 1851 at 7 % on $275,000 stock.
TUSCALOOSA BELT RY.—Owns about 9 miles of Belt road at Tusca¬
loosa. Ala.
Stk. author., $100 000: Issued, $26,000 ($100 shares.)
F. W
Monnlsh, Supt. and Treas., Tuscaloosa. Ala.
•••••••
*-TUSCARORA VALLEY RR—Narrow-gauge road (3 ft.) Port Royal
to Rlair’s Mills, Pa., 27 m.
Stock. $300,000; par, $50: Issued. $150,ooo.
Year 1905-06, gross, $29,490; net, $10,223; charges, $10,301; balance, defi¬
cit. $78.
Pres., T. S. Moorhead.—(V. 67. p. 1162.)
(THE)
ULSTER St DELAWARE RR.—Owns from Kingston Point
(Hudson River), N. Y.. to Oneonta 109 miles. Mlth branches, a total of
129 miles.
V. 74, p. 42.
Stock, $3,000,000; outstanding, $1,900,000;
As to refunding 4s of 1902 «ee V. 75. p. 667: V. 79 n. 153
oar
$100.
LATEST EARNINGS.—For 6 months ending Dec. 31:
gage.
6 mos.—
1906
Gross.
Net.
Other Inc.
$519,271
546,741
$162,71S
173,092
$1,593
1,373
1905
Yrs.end.June^O. Gross.
1905-06
$913,837
1904-05
822,835
Entire surplus In 1905-06,
repairs and renewals.—(V.
Net.
$261,500
238.701
Oth.inc.
$2,867
2,698
Charges.
$83,000
82,119
Bal., Sur.
-$81,311
92,346
Int.,taxes,Ac. Bal.,sur.
$165,119
$99,248
160.864
80.535
and In 1904-05 $50,000, was appropriated for
75, p. 78, 667, 1110; V. 79, p. 153.)
...
UNADILLA VALLEY RY—Owns'road from "Bridgewater to New
Berlin, N. Y., 19 miles.
V. 78, p. 104.
Stock $200,000; par. $100.
Bonds, see table above; V. 78. p. 1499.
Lewis R. Morris Is trustee.
Year ending June 30 1906, gross. $41.444; net, $16,758; Interest, taxes. &c.,
$9,773; balance, surplus, $6,985.
Pres.. Lewis R. Morris.
Office, 135
Broadway, X. Y. — (V. 78. p. 1168.)
•
5*
4 g
4 g
;
Stocks—Last
Dividend.
O New York
April 1 1956
J Land Title & Tr Co, Phil Jan 1 1908-1921
!1960
1946
&
D N Y Boston and London June
June
1946
&
D New York
1956
&
J Standard Trust Co, N Y Jan
&
O In default
April 1 1952
Jan
1933
&
J Winslow, Lanier&Co.NY
1917
&
^Treasurer’s Office. Phila July
Oct ’07-Apr ’17
&
O:
Dec 15 ’06 3 JS %
& D 15 Troy. N Y
1918
& D|Knickerbocker Trust.NY June
1917
&
JiMetropolitan Tr Co, N Y July
June
1928
& D! Central Trust Co N Y
1952
Oct
&
OiNew York
1934
Jan
&
jlOfflce. 135 B’way. N Y
&
&
5
10
6
4
4
4
D London & West Bk, Lon June 1
&
&
D Speyer & Co. New York June 1 1908
N:Registration Off. London
O Office, 120 B’way. N Y April 1 1907 5%
&
&
O,
do
do
April 1
&
do
do
July 1
j!
M 10 & N International Tr Co. Balt May 1
j
Offices, Phila and N Y
Philadelphia
Q—J
M
If
M
M
3H g M
6
&
J
&
&
&
&
&
&
S Office,
do
do
do
do
S
'
S Nat Bk Com. N Y & Phil
S
do
do
J Morton Trust Co, N Y
A!
M
&
NDL4WRR, New York
6
4,000,000
849,285 See text.! F & A10 On Nat Bk, Utica, N Y
5
&
J
J New York Trust Co. N Y
800,000
5
J
&
J Del Lack & West. N Y
750,000
5
F
&
A
do
do
400.000
100
100
on
Metheany; Treas., D. W. Kaufman.—(V. 83,
J
J
J
A
J
J
A
J
J
J
J
A
J
4 g
75,000!
1889
1
mos.
receiver and purchased the road In foreclosure April
Year ending Dec. 31 1906, gross, $39,792; net,
4H
Where Payable, and by
Whom.
£5,000,000!
l,000i
& TIDEWATER RR.—Under construction from Ludlow,
the Atch. Top. & Santa Fe, to Bullfrog. Nev., 110 m., of which 78
m. operated Feb. 1907; extension proposed to Tonopah, Nev., 40 m., mak¬
ing a total of 150 miles.
Stock authorized, $1,500,000.
The debenture
stock certs, are guaranteed by the Borax Consolidated, Llm., and are se¬
cured by deposit of mortgage and bonds Issued thereunder with the Indian
& General Trust Co.. Ltd., of London.
V. 81, p. 1793: V. 82, p. 753 871,
1440.
Pres., Frank M. Smith. 100 William St., N Y.; See. and Treas.,
C. B. Zabrlskle.—(V. 82, p. 871, 1440.)
B.
A
J
5
J
£3,599,268!
5 g
1,000 &ci 16,550,000!
J
£770 000:
£1,000
4H
M
100 195,479.100 See text.iA
100 99,569,300; 4 In 1906 A
J
4
500 &c 100,000,000,
Trust Co. of Philadelphia Is mortgage trustee.
TORONTO UNION STATION CO.—V. 82
5 ?
6 g
251,000
1,073,000
£500,000
3,280,000
1,000,000
434,000
300,000
250,000
322,000
500,000
275.000
100,000
150,000
2,000,000
900,000
200,000
000 &c
TONOPAH
Cal.,
Payable.
Yo66
V. 82, p. 806.
end. June 30 1906, In V. 84, p. 99, showed: Gross,
$948,876; net, $432,726; other Income, $2,555; Interest and taxes, $58,687;
sinking fund. $39,462; dividend on pref. stock (7%), $35,000; dlv. on com.
stock (7%), $115,500; bal., surplus, $186,632.
Pres., John W. Brock; Sec.
and Treas., Clyde A. Heller.
Bullitt Bldg., Philadelphia.— (V. 84, d. 99.)
&
%
1001 21,240,400!
1,000
841,000)
1,824,000’
1,000
1,0001
6.020,000
1,000
5,646.000
5,669.000
1,000
300,000
1,000
Utica Clinton St
Report for 8
Outstanding
1878
1883
1889
1894
1901
1895
—
Binghamton—Stock
First mortgage guar p & 1 by Del & Hud (end).. N.c
Valley (N Y)—Stock 5% guaranteed by D L & W_.
First mortgage (for $500,000)
F
Amount
When
1,000
250 &c
£10
£100 &c
Bonds—Princi¬
pal. When Due.
Rate
50
1893
1897
1888
1902
1904
;
or
Par
Value.
6
Tuscarora Valley—First mortgage $150,000 gold
j
Ulster St Delaware—Cons M for $2,000,000 gold Ce.c*1
Title
[VOL. LXXXIY.
RAILWAY STOCKS AND BONDS.
144
UNDERGROUND ELECTRIC RAILWAYS CO. OF
1908
1907 2 %
1947
1931
April 10 ’07 2J*
Sept 1 1908
Feb 1 1923
Sept 1 1929
Mar 1 1944
Mar
Jan
1 1951
1 1920
May 1907 3 %
Feb 9 1907 1%
July 1 1939
Jan 1907 2H %
Aug 1 1911
LONDON. Li M.—
Has in operation or under construction system of underground and surface
electric passenger railways In London and suburbs aggregating 99 miles
double track (V. 79, p. 920, 1551, 2153; V. 83, p. 629), viz :
Tube Cos.—Stk.mostly owned.Miles.
Baker St. & Waterloo Ry
)
1st sec. opened Mch. 10 19061
Char. Cross Eus. & Hamp. Ry. j
To be opened June 1907
\22 H
Great Northern Piccadilly &!
Surface—M a). Stk. owned.
United Tramways
operation)
London
Miles.
(In
48
Tunnel—Leased—Maj.stk.r/wned.
Metropolitan District Ry. (In¬
miles
Jointly
cluding
3?4
1
owned with others)
28
|
Brompton Ry
Opened Jan. 1907
I
|
ORGANIZATION.—Incorporated on April 9 1902.
Speyer & Co. of
N. Y.. the Old Colony Trust Co. of Boston and Speyer Brothers of London
have the right until 1912 to nominate a majority of the board.
SECURITIES.—The 5% profit-sharing notes of 1903 are a direct obli¬
gation and are secured by a 1st lien on certain stocks and shares of properties
controlled, deposited under terms of trust deed, dated May 29 1903, with the
London & Westminster Bank, Ltd., trustee. The whole or any part (to be
drawn by lot) may be called at any time at par.
For profit-sharing pro¬
visions, &c., see listing application to the N. Y. Stock Exchange at length,
V. 79, p. 2153; V. 76, p. 1031.
In April 1906 Increase of $25,000,000 bor¬
rowing power was authorized, but no Issue of securities Is contemplated In
near future.
V. 82, p. 753, 806.
Names of.
Held by
Names of
Total
Total
Held by
Controlled
Issued. Parent Co.
£
£
Cos.—
Bak.St.& Wat-)
erloo ord.stk. [2,224,960x1,818,890
4
% pref. stk.J
Perp. stk. 4%
656,600
cNil
Ch. C. E. & H..3,230.970x3,230,970
4 % perp. deb.
Gt.
stock
Nor. Pic.
396,200
dNll
&
Bromp
4,225,000x3,861,240
% perp.deb.stk.513,000
fNH
4
Controlled
Issued.
£
Cos.—
Parent Co.
£
Metrop. DIs. Ry.
OrdlnYstock 3,235,000 1,781,500
5% pf. stock 1,500,000
y96,000
2d
do
1,470,000 1,470,000
4 % guar.stk.zl,250,000
6,500
3 % cons, per
.
rent
charge*2,116,666
Deb .stk. and
loans
*2,835,825
London United Tramways.
Ordinary stk.*1,000,000 *878,700
5 % pref. stk. 1,250,000
153,770
1st M.4%deb.l ,331,000
x About
80% of total Issued share capital deposited for profit-sharing
notes,
y Has a vote on £537,351, on which holders have ceded their vote
In consideration of scaled dividend guaranty (Includes £96.000 held by
* No voting power.
Underground Co.).
• £600,070 full paid In (of which
£500,000 owned) and £399,930, £6 per share paid in (of which £378,700
owned),
ab Underground Co. has vote on a£3,788,851 out of £6,205,000,
and b£l ,032,470 out of £2,250,000 voting shares,
cd Issuable to Under¬
ground Co. or nominees on demand; c£4,400; d £633,800; f £620,000.
REPORT.—For year ending June 30 1906 In V. 83, p. 1588; V. 84, p.
104.
Edgar Speyer, Chairman; Sec., W. E. Mandellck.—(V. 84. p. 694.)
UNION PACIFIC RAILROAD.—{See Map.)—The system embraces:
Lines owned directly—
Controlled—Practically Owned—
Miles.
Council Bluffs to Ogden
1,012 •Ore. Short Line RR.,
Kansas City to Denver
Frisco, Utah, &c__
_al,390
640
Denver to Cheyenne
106 Oregon RR. & Navigation. ...ol,075
Leased
71
Lasalle, Col., to Julesburg
149
Other branches, &c
1,221
Total all lines July 1 1906
5,664
Tot. main line and branches -3,128
a See these companies.
*Also owns one-half Interest In the San Pedro
Los Angeles & Salt Lake Ry., which see.
Northwestern Pacific (jointly
owned with Atchison), see that Co., V. 84, p. 104.
In Nov. 1906 589 miles of extension were authorized or under construc¬
tion, of which 42 completed Jan. 1907; also 77 miles were opened July 1 1906.
V. 83, p. 1356.
Other lines were under consideration.
Contracts were
let from Hersey to Northport, Neb., 115 m.; also for branch from O’Fallon’s,
Neb., along north bank of North Platte River to Northport, about 200 m.
HISTORY.—Incorporated In Utah July 1 1897, to succeed per plan of
Oct. 15 1895 (V. 61, p. 704, 705, and V. 64, p. 424) the Union Pacific Ry..
as stated to N. Y. Stock Exchange In V. 66, p. 618; see also V. 67, p. 790.
In 1901 02 purchased $90,000,000 stock of the So. Pac. Co., a strong
working control, and In 1904 $18,000,000 of Its pref. stock.
V. 72, p. 243,
284; V. 73. p. 446; V. 75, p. 136; V. 80, p. 1914.
The U. P. jointly with the
C. R. I. & P. controls Chic. & Alt. Ry., the U. P. owning $10,343,100 pref.
stock.
V. 81, p. 1664; V. 83, p. 689.
In March 1907 $9,036,400 Great
Northern and $4,152,800 Northern Pacific stock, and $724,900 Northern
.Securities stubs were owned.
Prior to that time $24,030,082 Northern
Pacific, $16,360,089 Great Northern and $10,000,000 Northern Securities
stock were sold, and $116,847,953 reali/ed therefrom; the estimated value
of these stocks still held was about $30,000,000.
V. 83, p. 1322, 1352, 1359;
V. 84, p. 509, 572, 694.
In 1906 (after June 30) the following stocks, with others, were purchased,
at a cost of about $120,000,000 (see V. 84, p. 52, 104, 572, 932):
Acquired by Union Pac.
Par Val.
Acq. by Or. Sh. L. (concl.). Par Val
Illinois Central stock
$28,123,100 Balto. & Ohio, common. $32,334,200
do
do
St. Jos. & Gr. Isl., com.
2,900,000
pref
7,206,000
do
do
932,200 Chic. MIL & St. P.,com.
3,690,000
lstpf.
do
do
2d pf.
2,572,000
1,250,000 Chic. & N. W., com
N. Y. Cent. & H. R. stk. 14,285,745
Act. by Oregon Sh. Line.
Atch. Top. &’S. F., pf
10,000,0001
......
-1
STOCK.—In'1899 stockholders^authorlzed’lncrease of com. stock from
$61,000,000 to $96,178,700 and of pref. stock from $75,000,000 to 5100.000,000 to complete control of Oregon RR. & Nav. and Ore. Short Line.
On March 24 1901 common stock was authorized to be Increased by
$100,000 ooo. to provide for conversion of first lien 4s.
V. 82. p. 1271.
The stockholders voted on May 5 1905 to Increase the preferred stock
from Sioo.ooo.ooo to $200,000,000 to “finance coming requirements,” to be
Issued as required.
Y. 80, p. 1364.
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140
I VOL. J.XXXI V
RAILWAY STOCKS AND BONDS
RAILROADS.
INTEREST OR DIVIDENDS.
!
Date ! Size, or
Par
of
of
Road. Bonds. I Value.
|
\iiies |
For
explanation of column headings, <fcc.. see notes
on first page of tables.
Valley (Virginia)—First mortgage $1.000,000
Vandalia RR—Stock $25,000,000 authorized
1881
62
c
Vicksburg Sh & Pacific Ry—Common stock $3,000,000i
Preferred stock 5% non-cumulatlve $2,200,000
General mortgage $3,500,000
_F xc*|
Vicks Sh & Pac RR prior lien mortgage gold__Ce.c*'
Virginia Midland—See Southern Ry.
^Virginia & Southw—See Southern Ry.
Virginian—TIdcw Const part certs red par (text)
Ce
Wabash-Pittsburgh—1st M $50,000,000 gold.Me.c*&r
Second mortgage gold Incomes to June 1910 Ea.c*&r
Wabash RR—Com stock—$159,500,000 autll..
Preferred stock 7% non cum—$40,500,000 auth..;
St L K & N on St Charles Br’g gold
-Ce.c*
Wabash first mortgage gold ($34,000,000)
Ce.c*;
Second mortgage gold
Mp.c
Deb M Income non-cum Ser A red par to 1909. Me
do
do
Income non-cum Series B not red.Me
Detroit & Chic Exten 1st M g s f red at 110 .Ce.c*
..
1867
1879
1885
1905
1904
1904
133
160
116
655
10
265
51)
-
1.000
250 &ci
1,000
100
1901
1885
ooo!
1,000
1.542,
1,009
1,542
1,542
150
97j
226
144.
1
_.
;
do
do
Series A due $42,000 M & N
i
do
do
Series B $43,500 due semi ann.CPi,
do
do
Ser C due $309,000 seml-an red 110
Two year collat gold notes
Durango, Col., for about $1,000,000.
V. 82. p. 335.
GENERAL FINANCES.—In July 1903 512 miles of the Oregon Short
Line were sold
to
the San Pedro Los Angelss & Sait Lake Railway,
the Oregon Short Line acquiring a half Interest In the San Pedro L. A. & S.
L. (which see); total paid on account of Investment to June 30 1906 was
$17,300,000.
V. 76,p.920; V. 77, p. 38; V. 79. p. 1707. 1709.
In Nov.
1906 control of Utah Light & Ry., Salt Lake City, was acquired by Oregoq
Short Line.
V. 83. p. 1172.
In April 1906 the dividend rate was Increased to 6% yearly, and In Oct. to
10%, of which 6% from the operations of the road and 4% from Invest
In Oct. 1906 semi-annual dividends on So. Pac. common stock at
ments.
the rate of 5% yearly were begun, yielding the U. P. on Its holdings $4,500,000 annually.
V. 83, p. 380, 437.
Acquisitions In 1906 (after June 30), see “History,” above.
On satisfaction of the mortgage securing the convertible bonds retired
Nov. 1 1906 there was released from the lien of the mortgage about 858
miles of road, which became a free asset.
V. 83, p. 1352.
LATEST EARNINGS.—For 8 months ending Feb. 28 net over taxes:
Gross Earnings
Net Earnings
July 1 to Feb. 28.
1906-07.
1905-06
1906-07.
1905-06.
Union Pacific system...$50,029,263 $45,660,612 $23,395,738 $21,398,918
'
ANNUAL REPORT.—Report for 1905-06 In V. 83, p. 1343. 1351 (see
also editorial, p. 1320).
Average train-load ofsystem,510 tons In 1905-06.
Years ending June 30—
1904-05.
1902-03.
1905-06.
1903-04.
5,404
5,357
5,353
$67,281,543 $59,324,947 $55,279,231
31,862,714
5.762
$51,075,189
30.497,443
28,747.216
Net receipts
$30,317,770 $27,462,233
Income from Investm ts. 10,329,815
6,496,761
$24,781,788 $22,327,973
4,266,844
4,647,843
Oper. exp. and taxes-.. 36,963,773
Total Income.
..$40,647,585 $33,958,994 $29,048,632 $26,975,816
Fixed charges
$8,862,491 $11,152,342 $12.429,595 $11,675,703
Int. Ore. Short Line in¬
comes and pref.stk...
$20,688
$21,599
$22,489
$23,962
DIvs. on U. P. pref
(4)3,981,764 (4)3,982,356 (4)3,982.256 (4)3,982,064
do common
(8) 15,550,392(4y,)7 104,250(4)4,350,836(4)4,350,61 2
Approp. for imp’ts, &c.
4,200,000
3,979,165
4H g J
6
A
3H
M
,
Stocks—Last
Dividend.
O All owned by B & O.
Oct 1 1921
A Checks mailed.
Feb 15’07 2 14%
A Farmers’L & Tr Co, N Y;Feb
1 1908
do
Jan
Ji
do
1 1910
j;
do
July l 1925
do
do
A
do
jFeb 1 1955
A Trenton Tr & S Dcp Co Aug 1 1934
J Speyer & Co. New York July 1 1934
O 53 Devonshire St, Boston Apr
1907 3 %
N;
do
do
May
1
1923
2,856,500 See text. Yearly.
Central Trust Co. N Y
Nov 30 1905 2%,
2,142.800 5 In 1906 Yearly.
do
do
Aug 30 1906 5%
1,822.000
5
M & N Farmers’L & Tr Co. N Y,May 1 1941
1,323,000;
6g
Nov 1 1915
M & N Central Trust Co, N Y
25.000&C,
1,000 &e
DIVS. (%)—
1898
1899
1900
1901 to 1904
1905
1906
1907
On common
3 Lz
4*$ Below Apr., 5
4 yearly
On preferred
1 V>
3 4
4
4 yearlv
4
4
Apr.. 2
in 1906, Apr., 3%; Oct., 5%.
See below and V. 83, p. 380, 437.
BONDS.—The 1st mtge. (Mercantile Trust Co., trustee) covers the 1,854
miles composing the former Union Paclllc and Kansas Pacific lines. Includ¬
ing the telegraph, terminals, equipment, and, directly or indirectly, land
grants.
Statemen t to N Y Stock Exch., V. 66, p. 618.
nANDS.—The 1st 4s of 1897 covered June 30 1906, directly or through
beneficial ownership, 2,766,845 acres of land, situated In Nebraska, Wyom¬
ing, Colorado, Utah and Kansas, the value of which was estimated June
30 1906 at $1,555,746; also further notes or contracts for lands sold aggrega¬
ting $8,449,692, the lands for which, If not paid for, revert to the com¬
pany. See V. 67, p. 791.
Total estimated value of lands and land assets
June 30 1906, $9,996,438.
During 1905-06, 1,239,760 acres were sold for
$3,048,840.
In Feb. 1906 acquired about 15,000 acres of coal lands near
Average miles
F
F
&
&
&
&
&
&
&
&
&
&
Where Payable, and by
Whom.
Feb 15 1909
D Mercantile Trust Co, N Y!June 1 1954
0
4 g
4 g
F
&
J
&
6
5
5
6
6
5
4
4
A
M
F
J
J
J
J
M
&
O Office, 195 B’way, N Y Oct
1 1908
&
N Central Trust Co, N Y
|May 1 1939
do
do
iFeb 1 1939
&
A
&
J In Jan 1904 paid 3 %
July 1 1939
J None ever paid.
&
See text.
&
J Central Trust Co N Y
July 1 1941
&
J New York Tr Co, N Y
Jan
1 1939
&
S Knickerbocker Tr Co,NY Mar
1 1941
&
O Bowling Green Tr Co,NY Oct
1 1941
&
do
Jan
1 1954
J
do
&
JjNewYork
(July 1 1956
<&
S New York Trust Co, N"Y Mar
1 192L
&
N Bankers’ Trust Co. N Y.To Nov 1914
&
D Colonial Tr Co.Pittsburgh To Dec 1914
&
J Lee,HIgglnson<5cCo.,Bost.!To July. 1 1916
&N10 First Nat Bk NY; AProviMay 10 1907
A;
June 1 1954
.
Equipment bonds $3,000,000 sinking fund_N.c&r
Gross earnings
50,750
10,000,000
29,500,000
1.000 &C| 20.000,000
100
51 ,837,400
100 37,837.400 i.
1878
1,000
468,000!
1889
1,000) 33,011,000;
1889
1,000 14,000.000!
1 ,000;
1889 I
See text.
1889 i
1,000. See text. ;
1891
1,000
3,288,000
1899 ;
1,0001,600,000!
1901 ;
1,000!
3,000,000
500
&e!
1901
3,173,000
1 .000 &c!
1904
3,555.000,
1906
See text.
1,000 &c
1901
2.500.000
1,000;
1904
l,000i
588,000,
1904
l,000i
652,500
1906
1,000!
5,871,000
1 .000 &c
1907
6,160,000
1907
1904
1904
...
i
4 g
6 g
10,000.000;
772,000!
100
100
188
188
A
6
7,000.000
3.193,000
1,000
188
$750,000;.
When j
Payable.
;
14.649.546 See text. F
7
F
1.700,000;
J
6
500,000
5 g
J
1,900.000;
1,000
1,000
___
,
DMolnesDlv IstMg $1,800,000 (V68,p 574). N.c*
Toledo & Chic Dlv M gold $3,000 000
K c*
Omaha Division $3,500,000 gold.
B.c’i
First lien terminal mtge $10,000,000 g__B.c*&r'
1st ref and ext M $200,000,000, gold.
B__c*&r
%
V.OOO
I
1903
Rate
$1,000;
f
Indianapolis & Vincennes 1st M guar p & 1 (end)__c
Terre Haute & Logansport RR first mortgage
\
Terre Haute & Indlanap cons M (now llrst) gold_.F
Cons M $25,000,000 gold Ser A $10,000,000.F.c* &r
Vanderbilt Ti m Min& Sou th w.—1st M g $12,500 pm red
Vera Cruz & Pacific—1st M $7,000,000 g red (text)-C*i
Vermont & Mass—Stock 6 % guar by Fitchburg RR..
Bonds currency guar p & 1 by Fitchburg RR.
!
Vermont valley—See Connecticut River RR.
Vicksburg & Meridian—See Alabama & Vicksburg
Amount
Outstanding
Bonds—Princi¬
pal, When Due.
3,550,000
2,000.000
Balance,
surplus
$4,713,456
$4,943,474
$8,032,250 $7,719,281
OFFICERS. &c.—(July 1906.)—Pres., E. H. Harrlman; V.-Pres.. Wm.
g
g
g
g
g
g
3H e A
4 g
J
4 g
J
M
5 g
5 g
M
4 Vi g J
4 HgJ
5 g
M
BINGHAMTON RR.—Owns Utica, N. Y., to
31 miles.
Leased during continuance of charter
and renewals thereof to Delaware & Hudson Company, which pays rental
of $61,500 per annum.
Operated by N. Y. Ontario & Western. The
street lines owned (10 miles) are leased to Utica fc Mohawk Valley Ry.
for $15,000 per annum.
Capital stock, $849,285 (par $100), dividends
on $200,000 of which are guaranteed by Del. & Hudson at 5 % per annum;
balance variable—3 H % 1898 to 1906, lncl.
VALDEZ-YUKON RR.—V. 83, p. 324.
UTICA
CLINTON
Randallvllle,
N.
&
Y.,
VALLEY (N. Y.) RR.—Binghamton, N. Y , to State
11 miles.
Leased to Delaware Lackawanna & Western at
on stock, the lessee assuming the Interest on bonds.
VANDALIA
Owned.
Line of Penn.
5 % per annum
RR.—(See Map Pa. RR.)—The road embraces;
Miles.]
Leased—
(*See this co.)
Miles.
--•145
Indlanap., Ind., E. toSt. L., Ill-.239JTerre Haute & Peoria
16
Indianapolis to Vincennes, Ind.__117 Evansville & Terre Haute—
-27
South Bend to Rockville, Ind
1601 Trackage
931
Logansport, Ind., to Butler
840
Branches
431
Total
The Saline City branch, Brazil to Saline City, Ind., 12 miles, is operated
under contract by Evansville & Indianapolis RR.
ORGANIZATION.—A consolidation Jan. 1 1905 per plan V. 79, p.
2148 (see also V. 80, p. 1243, 1244) of St. Louis Vand. & Terre Haute,
Terre Haute & Logansport, Terre Haute & Indianapolis, Logansport &
Toledo and Ind. & Vincennes RRs.
Pennsylvania Co. on Jan. 1 1907 owned
$11,633,400 of the stock.
As to Vandalia Coal Co., see V. 81, p. 216.
STOCK.—Authorized. $25,000,000: Issued. $14,649,546; par $100.
--.
In 1906, 4%; In 1907, 5%
% in Feb.
BONDS.—The consolidated mtge. Is a first lien on the road from J3t
Louis to the Indiana State line, 159 miles, and from Logansport to Butler
Ind., 93 miles, and a lien, subject to the $4,100,000 old bonds, on the re¬
maining 415 miles owned, lor which an equal amount of consols Is reserved;
$10,900,000 being also reserved for Improvements and general purposes.
See aDDllcatlon to list, V. 80. p. 1243, 1236; V. 81, p.1728; V.82, p.162, 630.
EARNINGS.—Report for year ending Dec. 31 1905 In V. 82. p. 748.
In 1906, gross. $8,904,859: net. $1,972,969; other Inc., $81,906; charges,
DIVIDENDS.—Dlv., 2% paid Aug. 5 1905;
In two Installments, first payment
2
(4%), $647,009; extraor. expend, fund, $400,000;
$991,322; dividend
bal., sur., $13,543.—(V. 83, p. 1591; V. 84, p. 160, 804.)
VANDERBILT TIMBER, MINING & S. W. RY.—V. 82, p. 930.
VERA CRUZ & PACIFIC RY.—Owns from Cordoba, on the Mexican
Ry., to Santa Lucretla, 203 miles, on the Tehuantepec National Ry.
by which connection Is had with Sauna Cruz on Pacific Ocean, 114 mljec
distant; also branch from TIerra Blanca to Vera Cruz, on the Gulf of
Mexico, 62 miles, forming a through line from the Atlantic to the Pacific
Ocean: total, 265 miles.
Stock, $1,000,000 common, all owned by Mexi¬
can Government, which guarantees bonds, prln. and Interest, by endorse¬
ment.
V. 78, p. 1783, 1963: V. 79, p. 1933 1643.
BONDS are subject to call at 110 to July 1 1924, and on July 1 1924
and thereafter at par.
Of the bonds $4,500,000 had Interest scaled to
1 % to Dec. 31 1905, 2 % from Jan 1 1906 to Dec. 1 1907
and 3 % from
Jan. 1 1908, to Dec. 31 1909: these have supplementary coupons attached,
representing balance of 4 M % Interest, payable at Speyer & Co., New
York, from fund deDOslted therefor.
D. Cornish; Gen. Man., A. L. Mohler; Sec.. Alexander Millar;
EARNINGS.—For year ending Dec. 31 1906, gross earns. (Mexican cur¬
rency) were $968,998; net. $33,330.
In 1905, gross, $761,141; def. under
Bal. sheet June 30 1905, V. 81, p. 1846.
oper. exp., $228,870.
Pres, and Gen. Mgr., Thomas Milan, Vera Cruz, Mex.; Asst. Treas. and
Asst. Sec., L S. Zimmerman, Baltimore.—(V. 84, p. 804.)
H. H. Rogers. David Willcox and Robert W. Goelet.
Olflce, 120 Broadway, N. Y.—(V. 84, p 222, 509, 572,
UNION SPRINGS & NORTHERN RY.—Owns Union
VERMONT & MASSACHUSETTS RR.—Road, Fitchburg to Green¬
field, Mass., 56 miles of double track: branch, 3 miles.
Leased to Fitch¬
burg RR. for 999 years at 6 % on stock.
Bonds for $772,000 were Issued
to refund the 5s due May 1 1903, etc.— (V. 79, p. 2589.)
VICKSBURG SHREVEPORT & PACIFIC RY.—Delta. La., on Mis¬
sissippi River, via Shreveport, to Texas line, 188 miles.
Of this, 17 miles
Shreveport to Texas State line, Is leased to Mo. Kansas & Texas till July
Successor on May 1 1901,to V. S. & P. RR., foreclosed per plan
1925.
V. 72. p. 628, 676; V. 77, p. 38.
STOCK, ETC.—Of the $3,500,000 general 5s, $1,323,000 are reserved
to take up at maturity the prior lien 6s and $355,000 for future needs.
V. 83. d. 1344.
Car trusts $193,554 (4*^s). due seml-ann. to Anrll 1 1913.
DIVIDENDS.—On pref. stock. 1902 to 1906. 5% yearly; on common.
1903. 2Vj%; 1904. 3%;
1905, Nov., 2%; 1906, none.
EARNINGS.—From July 1 to Mch. 7, gross. $1,116,309
In 1906-07;
$849,609 in 1905-06.
Report for 1905-06 In V. 83,p. 1344.
Year.
Net.
Other Inc.
*Bal..sur.
Gross.
Interest.
1905-06
$1,302,225
$263,828
$14,069
$170,480
$107,416
1904-05
1,424,405
343,472
15,627
170,480
188,619
Comp., Wm.
Mahl; Treas., F. V. S. Crosby.
Directors—James Stillman, Marvin Hughltt, E. H. Harrlman, Henry C.
Frick, A. J. Earllng, P. A. Valentine, Joseph F. Smith. Oliver Ames,
Wm. G. Rockefeller, Wm. I). Cornish, Robert S. Lovett, Chas. A. Peabody,
694,932.)
Springs to Fort
Davis, Ala., 7H miles.
Bonds are subjectlto call since May 1 1906 at
105; International Trust Co., of Baltimore Is mtge. trustee. V. 76, p. 753.
Year ending June 30 1905, gross, $26,998; net, $10,003; Int. on bonds, $5,040; bal., sur., $4,963. Pres., W. M. Blount; Treas., J. M. Elly. Office,
Union Springs. Ala.—(V. 76, p. 753.)
UNITED NATIONAL RAILWAYS OF MEXICO.—To own or control
the National RR. of Mexico system (Including Mexican International and
Interoceanlc of Mexico), the Mexican Central, and probably other roads.
The Mexican Government will have control through an absolute majority
of the entire stock (see Item V. 84. p. 51, under caption of Mexican Central
Ry.).
The new' company will Issue common, first and second preferred
stocks, prior lien 50-year 4% and general mortgage 70-year 4% bonds, the
latter to be guaranteed principal and Interest by the Mexican Government.
A syndicate will buy the bonds and ofTer them In exchange to the holders
of the present securities of the Mexican Central and National RR. of
Mexico.
V. 83, p. 1470.
UNITED NEW JERSEY RAILROAD & CANAL CO .—(See Map Penn¬
sylvania RR.)—With other properties operated in connection therewith
forms an Important system of roads In Northern New Jersey, extending from
Camden to Amboy and from Philadelphia to Jersey City, with branches
and connections, a distance of 474 miles; Hudson River ferries to New York,
1 mile, and Del. & Raritan Canal, from Bordentown to New Brunswick,
and feeder. 66 miles.
Phlla. & Trenton and Belvldere Del.—w'hlch
see—are
principal leased lines
LEASE.—Leased In June 1871 to the Pennsylvania RR. for 999 years;
equal to 10 % on stock. Interest on bonds, taxes, &c.
rental
EARNINGS.—For year ending Dec. 31 1906, gross. $32,766,144; net,
$7,932,148; other Income, $448,534; Int., rentals. Improvements, Ac..
$4,439,168; dividends, $2,124 040; bal., sur., $1,817,474.—(V. 74, p. 682.)
UTICA CHENANGO & SUSQUEHANNA VALLEY RY.—Owns Utica
N. Y.. to Greene, N. Y., 75 miles; branch to Richfield Springs, 22 miles;
Leased to Delaware Lackawanna & Western at 6 % on stock.
No bonds.
•From
common-
p.
years 5% on pref. and In 1904-05 2% on
In all for 1905-06, $107,140, and in 1904 05, $164,27Q.— (V. 79
surplus paid In both
2589; V. 81, p. 1548, 1552;
VIRGINIA &
V. 83.
SOUTHWESTERN
p.
1344, 1349.)
RY.—See page 179.
VIRGINIAN RY.—To extend from Deepwater, W. Va., on the Kanawha
River, to Sewall’s Point, near Norfolk, Va., 443 miles, of which grading
completed from Sewall’s Point west 123 miles, 100 miles being laid with
track, and balance to be completed by Jan. 1908.
See V. 84, p. 627: V. 78,
p. 1962; V. 81, p. 1551; V. 83, p. 436; V. 84, p. 694.
Successor, Apr. 1907,
of the Tidewater and Deepwater Rys.
Stock authorized, $35,000,000.
The Tidewater Construction 6% participation certificates are secured by
$20,000,000 first mtge. bonds and $10,000,000 dividend or Interest-paying
collateral.
The loan Is guaranteed by H. H. Roger®; V. 84. p. 451. 509.
Henry H. Rogers of the Standard Oil and associates are understood to.be
financing the enterprise.
Pres., W. N. Page, Anstcd, W. Va.; Sec., H. J. Taylor; Treas.,
Church.— (V. 84, p. 627, 694.)
Geo. H.
,
B1ON4D7S.
RSAATIOLNWCKDY
1A9p0E7-->1
KBBSnBBHB
MUHWMBO'jr.:!:: aai. ujuiamw—
148
RAILROADS.
explanation of column headings, &c.,
on first page of tables.
Date
of
see notes
Size,
of
Road. Bonds.
Wabash RR—(Coiicl.)—Var.equip.trusts June 30 1906:
Five year notes $10,000,000 gold redeem at par
Kans Cy Exc Sp & Nor M g guar (V 79 p 2697).-i
Columbia & St Louis $300,000 gold guar p & L.SSt
Buffalo Term Assn 1st M $1,100,000 guar p & 1
;
Leased Line Bonds—
St L Coun HI & O 1st M (option V 75 p 1033)
!
Wabash Chester & Western—First mortgage gold .c*!
First consolidated mortgage $1,000,000 gold. .SSt.c*
Wadlev Southern -First \1 $1,000,000 gold red 105.G.
Wallkill Valley—Stock 3 Yz % guaranteed
;
First mortgage (formerly 7s) guaranteed
Second mortgage Income 3 ^ % guaranteed
Warren (N J)—Stock 7 % perpetual guar D L & W__
First ref M $2,000,000 gold guar p & 1
F.c*&r
Washington Central—First M gold $15,000 per mile. K
Wash & Columbia River—1st M $2,509,000 gOld_F.C*|
Income bonds non cumulative $2 500,000
F,
Washington Co—1st M gold guar (end) red (text)Ce.c*!
j
!
1905
9j
22 j
1901
1902
or
Par
Amount
Value.
Outstanding
$500.
1,000
1906
41
42
65
93!
.
1878
1888
1893
1906
i
~33
33
18
18
130
163
1877
1877
1,000
1,000
50
1 000:
500 &c
1900
1898
1895
1,000:
1,000
137
1904
1.0001
19, 1899
Washington & Franklin—1st M $475,000 g Int rental.r;
r
Washington Ohio & Western—See Southern Ry.
Wash Term—1st M $12 000,000g guar (text) Us.c* &r
1905
Weath Min Wells & Nor—1st M guar p & I end (text) N;
23’ 1902
West Chester—See Pennsylvania RR.
West Jersey & Sea Shore RR—Common Stock.
Special guaranteed stock..
i
Camden & Atl cons M ($650,000 5s: bal 6s coupon):
79
1881
West Jersey consol mortgage ($1,500 Is scrip)
128
1879
r|
Woodstown & Swedesboro first mortgage
11
1882
c*'
West Jersey & S S first cons M Series A gold s f.c*.
329
1896
Gold Series B $1,500,000 gold
329
1896
c*|
Gold Series C & D ($934,000 Ser C 3^s)
329
1896
c*
West Shore—1st M guar p & 1 end by N Y C—Un.c&r;
479 1885
West Virginia Central & Pittsburgh—See Western Marryland |RR.
West Virginia & Pittsburgh—First M gold._MeBa.c*159
1890
Western (Ala) — 1st M gold guar by C Ga and Ga RR.c*;
132 1888
Western Maryland—Com stock $60,000,000 auth
!
First mortgage $50,000,000 gold
Me.e*&r; Text j 1902
General lien and conv M $10 000,000 (text) .B e* &r' Text.
1902
1,000;
-
u
1,000 &c
1,000
50!
50:
1,000
500
1.000
1,000 &c
l.ooo;
1,000
50
1,000
1,000
of Wheeling & Lake Erie (which see), thus controlling the easterly end
of the Wabash system from Toledo to Pittsburgh.
V. 78. p. 1908, 2386
2443; V. 82, p. 570.
Stock, $10,000,000, all owned by Wabash.
In September 1904, acquired the entire $14,000,000 stock of Pittsburgh
Terminal RR. & Coal Co., a belt line at Pittsburgh and about 15,000 acres
of coal and 675 acres of surface lands, the latter leased to the Pittsburgh
Coal Co.
The stock Is pledged to secure Wabash RR. 4^ % notes of
V. 80, p. 1364.
1905.
V. 79, p. 1024, 2087, V. 80. p. 1232, 1364, 1729.
BONDS.—Both classes or oonds are secured by all property mow owned
hereafter acquired, including 60 miles of road owned, Pittsburgh ter¬
minals, and new bridge over Monongahela River, and further by deposit
of a controlling Interest In the Wheeling & Lake Erie, viz.: $11,870,000
common, $6,423,800 second preferred and $847,500 first preferred stock;
and also by a traffic and trackage agreement with the Wheeling & Lake
Erie and Wabash, under which the latter two companies pledge 25% of
their gross earnings from traffic Interchanged to meet any dellclency of
Interest and contract with Carnegie Steel Co.
V. 80, p. 1231, 2221.
Of the $50,000,000 flrst 4s, the remaining $20,500,000 Is reserved for
additional mileage, acquisitions and future purposes.
No flrst mtge. bonds
excess of $35,000,000 are to be Issued until the full Interest for the pre¬
ceding year has been earned and paid on all the outstanding flrst and
second mtge. bonds.
The second mtge. bonds are entitled to Interest at
4% per annum to June 1910 Incl., If earned (non-cum.), and thereafter
become fixed Interest bonds.
V. 78, p. 2386, 2443; V. 82, p. 989.
EARNINGS.—12 mos., 11905-06
Gross, $933,352; net, $339,104
July 1 to June 30.
J 1904-05
354,142; net,
104,356
Gross,
—V. 82, p. 989, 1440.
In
.WABASH RAILROAD.—(See Map.)—Embraces lines as follows, viz.;
Owns East of Miss. River.
Owns West of Miss. River.
Miles
Toledo, O., to East Hannibal,
Moberly to Ottumwa, la
'
131
Camp Pt. and Elvaston, Ill. 536 Salisbury to Glasgow, la., etc
15
Decatur, Ill., to E. St. Louis.. 110 Des Moines to Moulton, la
95
June, near Chicago to Effing¬
Brunswick,
Mo.,
to
Council
ham and Altamont. Ill
216
Bluffs, Ia.dnel. 41 m. leased) 225
Streator to Falrbury
31 Excelsior Spr. to Mllw
June.
9
Edvvardsvllle Branch
8
Total owned and leased
Delrey, near Detroit, to Butler 110
2.046
Montpelier, O. on line to DeTrackage, etc.
trolt to Clarke Junction, near
Chicago to Clarke Junction
Chicago
150 Moberly to Hannibal
Attica to Covington
15 East Hannibal to Quincy
12 7 short lines to Quincy, De¬
Champaign to Sidney
18
70
17
Toledo to Montpelier. 0
troit, &c
36
50
New Haven to Butler, Ind
26 Other lines.
54
Otrns I Fes' of Miss River.
Windsor. Ont.. to Buffalo
275
St
Lou's to near Kansas City. 275 (Grank Trunk Ry.
V. 66, p. 812.)
Centralla to Columbia, Mo
21
St. L. Lex ee to Ferguson, Mo...
Grand total July, 1906
11
2,517
Also owns entire $10.000,000 stock of Wabash-Plttsburgh Terminal
Rv
60 miles, which holds a majority of stock of Wheeling & Lake Erie
,
Ry., 472 miles.
See those companies.
HISTORY, &C.—Successor in 1889 to the Wabash St. Louis & Pacific,
which was sold In foreclosure.
See “Supplement” up to January 1889
The Mo. Pac. system on July 1 1906 owned $8,500,000 preferred stock and
$5,435,000 debenture bonds, making $13,935,000 out of a total of $92,000,000 stock and voting debentures.
V. 78, p. 1110.
LEASE.—Entrance to Chicago Is over Chic & West Indiana, of whose
stock this company owns
$1,000,000 (dividends, 1896-07* 6% yearly.)
FINANCIAL PLAN.—The stockholders and debenture holders voted
Oct. 22 1906 to approve a plan, given In V. 83. p. 437, 626. to retire
at once the $30,000,000 outstanding debenture A and B bonds and make
E onded
revisiondebt.
for future
capital
the refunding
present
A
Issue requirements
andrefunding
of was
the author¬
of 4% 50-year
bonds
new
ized (limited to $200,000,000) bearing date July 1 1906 and secured on all
the property owned at date of mortgage and thereafter acquired from the
Of the bonds, $5,000,000 Is Issuable
at once, $21,862,$68,277,000 Is reserved to refund or retire
notes and equipment obligations.
The
balance ($1 10,260,500) of the bonds Is to be used only for betterments
development, extension and equipment.
The authorized preferred stock
was Increased from $24,000,000 fo $40,500,000 and the common stock from
$78,000,000 (of which $36,000,000 outstanding Dec. 31 1906) to $159,500,000, an amount not exceeding $16,500,000 of each class of stock to be used
to effect the change of the debenture bonds.
The plan Is operative, $2,957.000 of the Series A and all except about $2.499,000 of the Series B debentures
500 to retire the debentures and
the existing bonds, promissory
hjivimr
nssiMited.
\
iuu,
it
o.n m \
xi
lid
.
V\
>
.
Hit
n
1301
•
xuyi,
V
v.
84
n
3•>
Amount
Issued.
$3,500,000
_26.500.000
Will Be
4°;,
Bonds.
$795
720
Exchanged for—
Pref.
Com.
Stock.
$580
520
Slock.
$580
520
BONDS.—Abstracts of the mortgages of 1889 were In V. 49. pp. 270-273.
The first mortgage covers all the lines owned both east and west of the
Mississippi at time of reorganization (1,542 miles); but the second mortgage
covers only 1.009 miles east of the river.
Debenture mortgage bonds were $3,500,000 series A (pref. In respect to
interest payments only) and $26,500,000 series B.
If series B bonds
are not presented at maturity. July 1
1939, Interest will continue to be
payable If earned.
Both series had voting power.
See plan above.■'Buffalo Terminal Association guaranteed notes (City Trust Co. of Boston,
trusted.
V S3, p. 157. 21 2.
INTEREST on 1’90 to'93.
’94. ’95’ ’96. ’97. to’99. ’00. to’04 None
“A” bonds %
J 6 yearly.
0
0
1
0
6 yearly
since.
J
6c
6c
6c
N Central Trust Co N Y
May
J Office. St Louis
Jan
N Office, 195 B’way. N Y May
j
&
&
&
6c
,
330 ,000
1,800 ,000
1,394 ,000
1 ,853 ,000
2,498 ,000
2,245 ,000
2.500 ,000
378 ,000
10,000 ,000!
500 ,000
3 H g
5 g
1910
1
1
1
1
July
July
Jan
July
May
Aug
Aug
April
Aug
Mar
July
July
Jan
Jan
A Washington and New Yk Feb
A Mercantile Trust Co, N Y Aug
F
IF
1
1
1
1928
1942
luue 29 1907
i
J Office, 195 B’way. N Y
J Nat Bank of Comm, N Y
j July 1894 paid July 1 ’96
J
J 'Guaranty Trust Co, N Y
3J4
Q—F Grand Cent Station, N Y
;j
do
do
3
6c" j
3 H
M
&
do
S
do
A 15 & O Del L & W RR, N Y
7
3 3^g:F
do
do
& A
4 g
Knickerbocker Tr Co,NY
Q—M
4 g
Farmers’
L
&
Tr
Co, N Y
J
&
J
4
See text
i Payable as earned.
3HgJ
&
J N Y, Portland & Boston
5 g
<Sc
J Philadelphia, Pa
J
6
5 g
5 g
5 g
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
190S
1918
1928
1926
1907 H%
1 1917
1 1917
15 ’07 3 Vi
2000
1948
1 1935
1935
1954
1 1939
1
1
1945
1930
S Broad St Station, Phila
D
do
do
do
do
J
N
do
do
M
6
N Camden SafeDep& TrCo
4 g
J
J Broad St Station, Phila
3 H g J
do
J
do
do
do
3M & 4;
' ~Various.!
J
4
&
J Grand Cent Station, N Y
9,641 ,600 6 in 1906 M
104 ,000
6
J
999 ,000 5 & 6
\J
6
M.
750 ,000
90
.000;
1,600 ,000
1.500 ,000;
1,995 .000
50,000,,000
4,000,000 (5) 4 g ;A
1,543,000
4H g A
15,685,400:
4 g
A
39,576,000
4 g
A
10,000,000
&
Mar 15
&
6c
&
&
&
&
Dec
&
&
July
Nov
May
July
July
July
Jan
’07 3 %
1 1906 3 %
1 1911
1 1909
1 1912
1 1936
1 1936
1 1936
1 2361
O B & O Off. 2 Wall St.N Y April 1
O Guaranty Trust Co, N Y Oct
1
1990
1918
O Mercantile Trust Co. N Y Oct
O Bowling Green Tr Co,NY Oct
1952
1952
1
1
Detroit & ChicagoExten. mtge. ($3,500,000); abstract, V. 54, p. 1049.
Des Moines Division bonds of 1899, see V. 68, p. 574; V. 69, p. 1248.
A sinking fund retires $100,000 equipment 5s of 1901 annually at 108
for 5 years, then $150,000 for 10 years and thereafter $200,000.
V. 72,
p. 185, 582, 822; V. 73, p. 567.
In June 1906 $6,180,000 4 H % equlpmen
trust bonds were sold, maturing $309,000 semi-annually.
V. 82, p. 1498
In Dec. 1906, 4,000 steel hopper ears and 2,000 wooden box-cars, It was
stated, were ordered.
V. 83, p. 1525.
Omaha Division 3H’s cover Council Bluffs, la., to Pattonsburg, Mo.,
144 miles.
V. 75, p. 686.
Columbia & St. Louis RR., guaranteed bonds,
V. 73, p. 338, 786, 1012; V. 74, p. 1040; V. 75, p. 686.
The $10,000,000 terminal gold bonds of 1904 are Issued to acquire
from time to time additional terminals at St. Louis and Kansas City, Mo.,
Chicago and Quincy, Ill., Toledo, O., Detroit, Mich., and other places.
V. 76. p. 436. 753, 1032; V. 81, p. 1437; V. 82, p. 570, V. 83, p. 1236.
The $6,160,000 3-year 5% notes maturing May 10 1907 were extended for
-two years.
The new notes are secured by the entire stock ($10,000,000)
and $6,600,000 of 50-year first mortgage bonds of Wabash-Plttsburgh Term
.
Ry. and $4,800,000 Wabash RR. 1st ref. 4s.
V. 84, p. 869.
V. 78, p.
1551; V. 84. p. 869, 932.
$840,000 cqulpt. 5s, V. 78, p. 1551.
The five-year 4H % notes of 1905 ($10,000,000 authorized Issue), of
which $7,000,000 was sold
are secured by pledge of about $8,000,000
Wabash-Pitts. Term. Ry. notes and other collateral.
See list, V. 80, p.
1729; V. 80, p. 1231, 1364.
,
GENERAL FINANCES.—Completion In July 1904, of the controlled
Wabash-Plttsburgh Term. Ry. (see that co. above) affords direct connection
with Pittsburgh.
Y. 78, p. 2386, 2443; V. 79, p. 1024.
A Gould syndi¬
cate haa acquired the Western Md. RR. to obtain access to tidewater.
As to retirement of “B” bonds and new ref’d’g Issue, see PLAN above.
EARNINGS.—8 mos., 1 1906-07... Gross. $18,236,959; net, $5,440,127
July 1 to Feb. 28.
J1905-06
Gross,
16,675,260; net,
4,755,045
For 4 mos. ending Oct. 31 1906, net, $3,332,785, against $2,856,392 In
1905; other Inc., $391,095; charges, $2,046,307; Improvements, $35,828;
bal., sur., $1,641,745.
REPORT.—Annual meeting at St. Louis second Tuesday In September.
Report for 1905-06 In V. 83, p. 887, 975; editorial, p. 933.
Year ending .June 30—
1905.
1906.
1904.
2,517
Average mileage
2,517
2,517
Gross earnings
$25,015,379 $24,696,600 $23,023,626
Net earnings
6,937,491
4,193,156
5,340,118
From rent of tracks, 6cc
1.231.845
875,262
641,347
Total net Income
Taxes
Track bridge rent, &c
Interest on bonds
$8,169,336
$915,909
.
on;
“A”
947,960
__
Appropriation
for new equipment...
Dividend
708,484
1.300,000
debentures
Balance
$5,068,418
$826,624
2,232,594
3,468,572
$5,981 ,465
$750 ,159
2,019,,592
3.092,,423
105 ,000
$509,333df.$ 1,459,372 sur.$14.291
OFFICERS.—Chairman, E. T. Jeffery: Pres., Frederick A. Delano;
Gen. Mgr., Henry Miller; Treas., F. L. O’Leary; Sec., J. C. Otteson.
Directors—Thomas H. Hubbard. E. T. Jeffery, R. M. Gallaway, Edgar
T. Welles, George J. Gould. S. C. Reynolds, John T. Terry, J. J. Slocum,
Winslow S. Pierce, W. B. Sanders, R. C. dowry, W. H. Blodgett and
F.
\.
sur.
Delano
Office, 195 Broadway, N. Y.—(V. 84, p. 222, 272, 804, 869, 932.)
WADLEY SOUTHERN ry.—Collins, Ga., to Rockledge, via Wadley,
93 miles.
A consolidation in Aug. 19')(> with the Stlllmore Air Line Ry.,
name being changed from Wadley & Mt. Vernon RR.
Understood to be
controlled by Interests allied xvltli the Central of Georgia Ry.
Stock,
$600 000, all Issued; par, $100.
bonds.
Of the
$200,000 are reserved for
future requirements, $315,000 of the present Issue to be held to retire out
standing Wadley & Mt. Vernon 5% bonds.
V. 83, r>. 437.
Pres., H. P.
Smart: Auditor. W. D. Bcymcrr Treas., T. M. Cunningham.
Office,
Savannah. Ga.—(V. S3, p. 437, 9ft t. 975.)
WARREN & CORSICANA PACIFIC RY. WARREN RR.—See p. 179.
wash, central ry.. wash. & col. river ry.—see page 179.
WASH. COUNTY R Y
WASH. & FRANKLIN R Y.—Sec page 179.
,
WASHINGTON
TERMINAL CO.—To own union station at Massachu¬
setts Avc., Washington, I). C.; terminal and approaches to be completed
early in 1007.
The Phila. Balt. & Wash. (Penn. RR. system) and the
Balt. & Ohio own the outstanding $2,500,000 stock (authorized amount
$5,000,00:)) and guarantee the bonds, of which $10.000,000 bearing 3
%
Interest was sold in April 1905. the $2,000,000 unissued bonds not to bear
Interest in excess of 4%; V. 80, p. 1073.
V. 76, p. 812. 594; V. 77, p. 252;
V. 80, p. 652. 1176, 1364.
Other tenants besides guarantors are Southern
Ry., Washington Southern Ry. and Cites.-
Ohio Ry. — (V. 84. p. 869.)
WEATHERFORD MINERAL WELLS & NORTHW. RY.—See p. 179.
WELLINGTON GREY & BRUCE RY.—V. 83. p. 39; V. 84. p. 160.
*»*>«»
—
Each $ 1.000 Bond—
Debentures Series A
Debentures Series If
&c:
1,000
1,000
-1,000
WABASH-PITTSBUROH TERMINAL RY.— (See Map of Wabash RR.)
—Owns road extending from connection with Wheeling & Lake Erie RR.
near
Jewett, O., easterly to Pittsburgh, Pa., about 60 miles, opened
July 2 1904; also extensive terminals at Pittsburgh and majority of stock
proceeds thereof.
4 J4 g M
4 g
J
4 g
M
6
!
lxxxiv.
I
WABASH CHESTER & WESTERN RR.—See page 179.
c
Where Payable, and by
Whom.
Pug able.
421 ,000
300 .000
390 ,000
800 .000
330 ,000
250 ,000
100
When
Rate
$1,600,321
7,000,000
100,000
200,000
835,000
1,000
1,000:
1,000
1,0001
___! 1895
or
[Vol.
INTEREST OR DIVIDENDS.
Miles
For
'
RAILWAY STOCKS AND BONDS.
WEST JERSEY
Owns all the lines
&
SEA SHORE RR.— (See Map Pennsylvania RR.) —
the Pennsylvania system In Southern New Jersey,
Including Camden, opp. Philadelphia, to Atlantic City (59 miles), Camden
to Cape May, 82 miles, &c., total. 334 miles.
V. 62, p. 366, 871.
Of this,
Camden to Atlantic City, with branch, total about 75 miles, is equipped
on
electrically.
STOCK.—Stockholders voted Mch. 6 1906 to Increase the common stock
$10,000,000.
Of the new stock, about $3,418,000 was subscribed by
stockholders at par In April 1906, raising the amount outstanding to $9,641,600, of which the Penn. RR. held Jan. 1 1907 $4,096,900.
V. 82, p.
187, 393, 754.
DIVIDENDS. — Common Sept. 1896 to Mch. 1905, incl., 5% yearly;
since to Mch. 1907, Incl., 6% yearly.
BONDS.— First consol, mtge. Is for $7,000.01)0, of which $1,840,000 re¬
to
served
for prior lien bonds when due.
V. 62, p. 1179; V. 84. p. 160.
Mortgage trustee. Commonwealth Title Incur. & Trust Co., Philadelphia.
EARNINGS. —-2 mos., 1 1907
.Gross, $552,254; op. def.$200,812
.Tan. 1 to Feb. 28.) Gross
jf 1906
529.854;
net.
38.388
....
Date
f ties
explanation of column headings &c.
on first page of tables.
see
of
notes
!
Size,
Par
Amount
Rate
When
Value.
Outstanding
%
Payable.
of
load. Bonds.
pal, When Due.
or
'
Western Maryland—(Concluded)—
West Va Cent & P 1st M g $3,600,000 ass
Mp.c’
Piedmont & Cumberland 1st M gold assumed
Me
Coal & Iron Ry 1st M gold ass(V71 p 1166)...MeBa
Potomac Val 1st M $2,000,000 gold ass_. MeBa.c* &r
Lines Leased (x) and Controlled by Ownership of all
xyBalt & Cumb Val Ry 1st M Interest rental
j
xyBalt & Cumb Val RR 1st M Interest rental
xBalt&Cum Val RR Ext stock gu ($270,000 car 7%)
First mortgage Interest rental
Ba
xzBalt & Harrisburg Ry mortgage gold
MeBa.c*
&
guar.MeBa.c*
xyBalt
Harrisburg Ry W Ext gold
Western New York & Pennsylvania—Stock (see text);
Western N Y & P 1st M ($10,000,000) gold.Me.c'i
General M $10,000,000 gold (see text)
Un.c*;
Income bonds $10,000,000 gold non-cum
FP c*
Western North Carolina—See Southern Ry.
Western Pacific—1st M $50,000,000 g red 105.B
Western Pennsylvania—See Pennsylvania RR.
132
29
45
31
18S1
1886
1900
1891
Notes g sec by $12,000,000 4s guar p & I red par._ N
Toledo Dock & Coal Co 1st M int paid as rental
!
Lorain & W Va 1st M $2,000,000 gold guar_c*&r
Car trusts June 1906 payable monthly, quar & ann
Me
Equipment bonds $2,500.000 gold s t (see text)
Equipment trust notes gold
]
Wheeling Term—1st M $2,000,000 g 8 1 guar p & l.C&r
White & Black River Valley—1st M g Int guar__F.c*
White Pass & Yukon—Stock £1,700,000
'
Consolidated first mortgage deben stock red after ’20
Mortgage debentures (navigation bonds) red 105..
3
5
was
i,ooo
!
»—
27
66
15
600
600
600
1
1
i
1,000)
l.OOOj
1.000J
1903
1,000 &c
r
1886
1888
1889
1899
1905
1905
1883
1906
187
50
260
451
35
I
10
63
110
1900
1901
1
1
1
1
1911
1911
1920
1941
1
1
1
1
1
1
1929
1929
1907
1931
1936
1938
j
1
&
J New York Trust Co, N Y Jan
do
do
&
O
April 1
Nov 1
Fidel Trust—When earn April 1
5 g
4 g
5
J
A
See text.
5 g
M
&
A
J
F
M
F
F
F
J
&
&
&
&
&
&
&
&
8,000,000
1
1
1,000
l,000i
1,0001
1,000
l.OOOj
£10
—
F
F
J
,990,000
10 ,000,000
10 ,000,000
9
20.000,000
4,986 900
11,993,500
1,000
2.000,000
1 000
894,000!
409,000
1,000
1,000! 11,697,000
1,000! See text. I
1902
1904
1900
1900
J First Nat Bk.Ncw York
July
do
do
A
Aug
A Merc Tr & Dep Co, Balt Aug
do
do
Jan
J«
of each c ompany.
&
dc
do
J
J
July
&
do
do
J
J
July
do
do
Jan
J
&
J
do
do
&
J
J
July
Nov
M
&
do
do
N
do
xM
&
N
do
iMay
&
&
&
«Sc
J
,
S New York & San Fran
1937
1943
1943
,Sept 1 1953
100
100
100
'
__
5 g
5 S
240,000
20 .000,000
50
—
s
48,500
72,800
390,600
230,000
690,000
50
1887
1895
1895
,000,000
,300,000
—See
1.000
1,000
1,000
1881
1886
1888
1904.
1905.
650,000
&c.{
100
.
6 g
5 g
5 g
5 g
itemen
6
6
5 & 7
6
$3 .250,000
500
&c[
£10
£100
50,000
See text,
j
353,600
2,098,000!
672,000
1,485,000
Mercantile Trust Co, N Y Oct
1
Central Trust Co N Y
! July 1
Feb
1
do
do
Mercantile Trust Co, N Y Sept 1
Aug 1
New York Tr. Co., N. Y. Aug 1
2nd Nat. B’k, Toledo
Aug
1
j
5 g
J
&
J
4^ g Various
4 g
F
& A
5 g
J
&
J
600.000
£1,375,000 See text. See text.
5
6
£746,702
£255,555
|J
J
&
&
June
New York
...
J
J
l
1926
1928
1930
1949
1955
1908
1908
1956
ToNov 1914
Various
1 1922
Mercantile Trust Co, N Y| Jan
To Dec 1914
Various
Aug 1 1940
Office, Pittsburgh
First National Bank, N Y .Tune 30 1980
Office, 7 MoorgateSt.Lon Jan 15 1907 3 %
Dec 31 1930
do
do
Glyn, M, C & Co,
London, Jan
1
1930
In 1900 the Penn. RR. purchased $19,402,686 of the stock at $9 per
share, $9,165,000 Income bonds at $300 per bond, and on Aug. 1 1900 took
the road over under lease. V. 71, p. 31. 85; V. 70, p. 843, 1096, 1150. The
new lease, made for 20 years from Aug. 1 1903, Is to continue thereafter from
year to year, subject to termination on 60 days’ notice. V. 75. p. 1255.
BONDS.—Abstract of Western N. Y. & Pa. 1st mtge. In V. 47, p. 109.
On Dec. 31 1904 $395,000 Income bonds were In the treasury. Mtges. and
ground rents payable Dec. 31 1905, $562,428.
In V. 82, p. 985.
1906.
Years end. Dec. 31.
1,0001
!
1879
1879
_.
_.
i,ooo!
!
Stocks—Last
Dividend.
Where Payable, and by
Whom.
|
$1,000
/) or Majori ty (z) of S
c*&ri
Wheeling & Lake Erie—Com stock $20,000,000 auth!
First pref 4% non-cumulattve $5,000,000
j
Second preferred 4 % non-cum $12,000,000
I
First mortgage Lake Erie Dlv gold
Me.c*
First M Wheeling Dlv $ & £ (2d on 187 m) g__Ce.c*
Extension and Improve M ($1,900 000) gold._Ce.c*
First consol mortgage gold $15,000,000
Me c*
General mortgage $35,000,000 gold
Ce.c*&r
REPORT.—Report for 1905
Bonds—Princi¬
INTEREST OR DIVIDENDS.
RAILROADS.
For
119
RAILWAY STOCKS AND BONDS.
Ape. 1907.
1903.
$4,652,405 $4,307,597 $4,260,460
$5,206,284
1,249,370
1,263,677
1,049,091
945,475
In 1906 other Inc., $40,086; Interest on funded debt, rentals, taxes, &c.,
$532,782; dividends at 6% on com. (and 6% on special guaranteed) call for
$481,944; bal., sur., $274,728.—(V. 83. p. 689; V. 84, p. 160, 572.)
WEST SHORE RR.— (See Maps N. Y. Central & Hudson River.)—Wee
hawken, N. J., opposite N. Y. City, to Buffalo, N. Y., with branches,
436 miles; Syr. Ont. & N. Y. RR. (owned), Syracuse to Earlville, 43 m.
LEASE.—Leased In 1885 for 475 years to the New York Central &
Hudson and all earnings, &c.. Included In that company’s report.
The
$10,000,600 of stock Is owned by the New York Central Company.
BONDS.—The bonds cover 479 miles of road, and also the terminals
at Weehawken.
Abstract of mtge. In V. 42, p. 176.—(V. 68. 332.)
WEST VIRGINIA CENTRAL & PITTSB. RY.—See Western Maryland.
WEST VIRGINIA & PITTSBURGH RY.—See page 179.
WESTERN (THE) RY. OF ALABAMA.—Selma to West Point, 132 m.
Georgia RR. and Ceht. RR. of Georgia, each owned half the $3,000,000
stock, but in 1905 the former sold Its Interest.
V. 82. p. 336.
DIVIDENDS "11894 to 1896.
'97.
’98.
*99.
’00.
*01.
’02 to ’06.
(,%)
/ 2 yearly
2
4 yearly
4
3
0
5
For year ending June 30 1906, gross, $1,132,362; net, $454,582: other
Income, $9,589; charges, &e., $331,755; dlvs., $120,000.—(V. 82, p. 336.)
WESTERN MARYLAND RR.— (See Map.) — HISTORY.—In June 1902
the Gould Interests acquired the Interest of City of Baltimore In road.
In 1905 merged with Western Maryland Tidewater, Potomac Valley, Pied¬
mont & Cumberland, West Virginia Central & Pittsburgh, Bellngton &
Beaver Creek and Coal & Iron Rys.
V. 81, p. 509, 900, 1243.
Lines Leased—(150.8 m.)
Jines Owned—(390.7 m.)
Miles.
Miles. \
*34.1
Maryland division, Balto., via
! Balt. & Cumb. Val. (3 cos)
Balt.
&
Harrisburg (3 cos.)
*97.6
Hagerstown & Wmsport. to
•_
Washington
&
Franklin
*19.1
Cumberland, Md
172.4]
West Va. dlv., Maryland to Bel2.7
| Trackage In Baltimore.
lngton and Durbin, W. Va.,
Gross earnings
Net earnings
ANNUAL REPORT.—Report for 1905 was In V. 82, p. 984.
1904.
1905.
Years end. Dec. 31—
1906.
$5,341,975
Gross earnings
$7,674,112 $6,647,831
1,091,820
Net earnings
277,598
1,520,906
499,500
499,500
499,500
Int. charges on 1st mtge.
400,000
400,000
400,000
Int. on gen. mtge. (see above)
116,268
118,468
Taxes
1
585,527
221,302
Car trusts and other Interest
209,674
J
109,318
227,112
Miscellaneous and extraordinary
214,949
j"
$1,188,784
Balance, deficit
$179,071
$242,941
—(V. 77, p. 825; V. 78, p. 1499; V. 80, p. 1364, 1476; V. 82, p. 806, 984.)
WESTERN PACIFIC RY.—Under construction from Salt Lake City,
Utah, to Oakland (San Francisco), with branches, about 930 miles, to be
completed Sept. 1908. V. 84, p. 627,932. In Sept. 1906 Virginia & Truckee
was reported as acquired.
V. 83, p. 689. The Den. & Rio Gr. and Rio Gr.
West, own two-thirds of the stock and jointly and severally agree to meet
V. 80, p. 1730.
any deficiency In earnings to provide Interest on bonds.
Stock authorized, $75,000,000; par of shares. $100; V. 81, p. 728.
Bonds
$50,000 000, have been sold; see table above. V. 78, p. 1168; V. 80 p. 1480;
V. 81, p. 32.
The shareholders Nov. 9 1905 authorized a $25,000,000 2d
mtge., none of the new bonds to be Issued at present. Pres.. E. T. Jeffery.
Directors. Mch. 1906, V. 82, p. 630.—(V. 84, p. 340, 627, 932.)
WHEELING TERMINAL RY.—Owns a railway bridge at Wheeling, W.
Va., and about 10 miles of terminal track. Successor of Wheeling Bridge &
Terminal Ry., foreclosed In 1900.
STOCK.—$2,000,000, all owned by
Pennsylvania Company which guarantees principal and Interest of bonds
of which $500,000 are reserved for additions and improvements; mtge.
trustee. Commercial Trust Co. of Phila.
Form of guaranty, V. 76. d. 655.
Penn. RR. on Jan. 1 1907 owned $1,263,000 bonds. For year ending Dec. 31
1906, gross. $227,730; net, $128,387; Interest. $59,400; dividend (2%),
$40,000; bal., sur., $28,981.
Secretary, S. B. Liggett.—(V. 76, p. 655.)
with branches
218.3
(• See this Co.)
Total June 30 ’06 (also 27.4 m. 2d & 193.6 m. side, <5tc., track)
Above Includes connecting link from Big Pool, opposite Cherry
543.6
Run, W.
Va., to Cumberland, Md., 59 miles, completed Feb. 1906, making the system
WHEELING & LAKE ERIE RR.—(See Map of Wabash RR.)— Includes:
a through route from the coal fields to Baltimore.
Miles.
Lines owned—
Miles.
As to Unlontown & Wheeling Short Line, see V. 82, p. 1270.
6
Toledo. O., to Martin’s Ferry
.216 Cleveland Belt
In Jan. 1907 acquired the George’s Creek & Cumberland, Cumberland to
61
Cleveland to Zanesville, O
144 Various branches owned
Lonaeonlng, Md., 21 in., with 4 branches; total. 33 m.
Sec V. 84, p. 160^ Canton to Sherrodsvllle
45 Branch oper., perp. lease.
21
BONDS.—The new 1st 4s of 1902 (authorized Issue $50,000,000), cowef?
Toledo Belt Line
5
the entire property of the railroad and stocks of the proprietary and leaf
Total July 30 1906.
498
lines owned by the company, also all of the capital stock of the
HISTORY.—Successor May 1 1899, per plan In V. 66, p. 1142, of Wheel¬
glnia Central & Pitts. Ry.. which owns about 135,000 acres of
ing & Lake Erie Railway, foreclosed. V. 68, p. 830.
coal lands with 23 mining plants and appurtenances, 823 cokeove
Wabash-Plttsburgh Terminal Ry. (which see above) acquired in 1904
ministration buildings. 8 departm’t stores and 542 dwelling houses
following amounts of the stock: $11,870,000 common, $6,423,800 2d pref.
000,000 bonds first Issued was used for the cancellation of $12,5/
and $847,500 1st pref. stock.
V. 78, p. 2386, 2444.
gatlons formerly resting upon the Western Maryland RR., $
Owns malority of stock of the Pitts. Wheeling & Lake Erie Coal Co.,
acquire the capital stock of the West Va. Central and $4,50
leased In 1901 for ten years to other parties.
V. 70. p. 799. 741.
the construction of the Cumberland extension and equipm
In 1906 acquired the Lorain & West Virginia, Wellington north to
and Improvements.
The remaining $25,000,000 was
Lorain, 30 miles, with branches, 5 m., completed Mch. 1907, and the
lows, viz.: $3,000,000 for terminals, terminal propertj
Sugar Creek & Northern (cut-off), under construction from Bolivar north¬
and adjacent to Baltimore, $7,481,300 to retire bonds,
west to Orrvllle, 22 miles.
V. 82, p. 1103; V. 83, p. 1288.
leased roads.
V. 75. p. 550, 850; V. 79, p. 1024; see *r.
The Pittsburgh Lisbon & Western, New Galilee, Pa., to Lisbon, O., and
81, p. 266; V. 80. p. 473, 1914; V. 81. p. 614: V. 83.
Salem to WashingtonvJlle, O., 7 miles. Is owned, but operated separately.
In Oct. 1905 the 1st mtge. was a direct first lien o«
-6It has outstanding $150,000 5% bonds due July 1 1926, red. at 105, and
a conveyance of the West Va. Cent. & Pitts, and
(0$838,000 first 50-year gold 4s, due Dec. 1 1952, Int. J. & D. at Bowling
les, became a direct second lien on 227 miles ad
■<Green Trust Co., N. Y., trustee.
000 divisional liens; It also covers practically atf
BONDS.—The mtge. of 1899 secures $15,000,000 gold 4s, of which $3,leased companies owning 131 miles of road. si$)3*-fii
4r328,000 will be issued to retire at maturity all underlying bonds. See apbonds, making a total of 522 miles covert^,'
The gen. lien and convertible mtge. sefiwrJ
plication to list. V. 71, p. 34, 542; V. 72. p. 534, 628; V. 74, p. 1040; V. 77,
;*». 2392.
New 4s of 1905, see below.
bonds bearing 4 % fixed Interest since Ocll fee
Lorain & West Va. 4s ($2,000,000 auth., Citizens’ Savings & Trust Co. of
EARNINGS.—For 7 months ending.
j&Ieveland, trustee) are guar, by end., prin. and Int. V. 83, p. 272, 1287.
7 Mos. ending.
Gross
v*
•Sp Equipment bonds of 1902 may be purchased at not exceeding 105 and InJan. 31—
Earnings.
est or drawn by lot at 108 and Interest (or the sinking fund may be applied
1906
$3,120,190
70
the purchase of additional equipment) to tlie following amounts: $100,000
1905
lcagtt
2,683,188^ * _©
fcarly to Jan. 1 1909, then $100,000, $125,000, $150,000 and $175,000
*1
REPORT.
Report
early for eacli successive period of 4 years.
V. 74. p. 578.
Year end. June 30
k?ENERAL FINANCES.—The stockholders In 1905 authorized a gen.
Gross earnings
$4p,F„,— -.w*-..
to secure $35,000,000 of 50-year 4 % bonds, of which $15,000,000 la
Net earn, over taxes
^1,696pi
£*«l,354;l
cj
arwrcrved to retire underlying bonds and $20,000,000 for future purposes. In
Int. on deposits,
1905 $8,000,000 notes, secured by $12,000,000 gen. 4s. were sold for
.
-
—
-
&c..-^S.yff
Net Income,
raIlwn£$?.c-33
^
Profits coal, &c.,
Total net lncom<**C/
Interest on bo>Hls.w_^c^£wB>§xyji>
Rentals leased^ItlcSisl&u'^'’ 54-7
Interest on
BrtlancoS&mkfls
-
^
1^^8*,8
,
-c
•dgTble trade and
.486
other lmpts-. and equip. V. 81, p. 069, 778; V. 83, p. 1287
LATEST EARNS.—8 mos.,"! 1906-07..Gross. $4,014,053; net, $1,365,407
July 1 to Feb. 28.
/1905-06..Gross, 3,738,142; net, 1,112,843
'^P^^PORT.—Report for the year ending June 30 1906 was In V. 83,p. 1287.
QTn5;03-04.
of 5,752,524 tons of freight carried, products of mines furnished
*
£lT2ir’,382
Directors (Oct.
i spi¬
cily
Stone
branches. Including proprietary lines. 98 m.;
total owned. 59') miles; leased. 80 miles.
ORGANIZATION.—Reorganization Mch. 18 1895 (per plan In “Sup¬
plement” of Jan. 1895) of the Railroad, foreclosed Feb. 5 1895.
boro to Mahoningtown, 38 m.;
(bituminous coal, 51.12%).
Gross.
Net.
Oth.lnc. Int.,taxes,&c.
Bal.,sur,
11905 06
$5,318,801
$1,404,249
$1,556,646
$152,397
1904-05
4,595,607
956,471
1,149,831
dcf. 193,360
1903-64
4,325.282
1,049,983
$70,198
1,056,527
6.3,654
OFFICERS.—Chairman of Board, Myron T. Herrick, Cleveland: Pres..
F. A. Delano, St. Louis; V.-P., B. A. Worthington, Pittsburgh; Sec. and
i'reas., H. B. Henson, New York.
DIRECTORS.—George J. Gould, Edwin Gould, E. T. Welles, Winslow
S. Pierce, Alvin W. Krech and W. E. Connor of New York; F. A. Delano of
Chicago- Myron T. Herrick. George A. Garretson, E. W. Oglebay, H. P.
McI^h^ Robert Blickensderfer, Dan. R. Hanna and William G. Mather
nr r
md and C. M. Spltzer of Toledo. O.—(V. 83, p. 273,1230, 1287.)
%
afa&r—
...
.
150
RAILWAY STOCKS AND BONDS
RAILROADS.
Far explanation of column headings, &c., see notes
on first page of tables.
Wichita Fails—First M gold red at 105 sinking fd.SSt.c.
Wichita Vai—1st M Int red to 3 % to July’07 g.Me c* &r
Wilkesbarre & Eastern—See N Y Susquehanna & West
Wilkesbarre & Scranton—Stock 5% rental
■
First mortgage gold guar p & I by L C & N Co..I
Williams Valley—First mortgage $130,000
authorized;
Williamsport & Nor Hr—1st \1 $750,000 gold
F P.c* i
Wilmington Columbia & Augusta—See Atlantic Coast;
Will mar & Sioux Falls—See Great Northern.
Wilmington & Northern—1st M call In 1907 int guar.r'
General M $1,000,000 gold p & 1 guar (end)
PeP.r
Wilmington & Weldon—See Atlantic Coast Line RR.i
Winona Bridge—First M gold s f redeem at 110
Fi
Wisconsin Central Ry—Com stock auth $17,500,000
Preferred stock) 4% non-cuinulative $13,500,000..!
First general mortgage gold ($27,000.000)
Lis.c*!
Minn Term M gold subject to call at 105 after 1910
Marsh & S E I)iv 1st M gold subj to call at 105.. Us
Car trusts due A & O
_-[
Equipment trusts gold due $00,000 yearly
Mp
Sup & Dul Dlv &Term M $8,500,000 gold (see text)
Chicago Wisconsin & Minn 1st M gold assumed..c*
Milwaukee & Lake Win first mortgagegold assum.c*
Wisconsin Cent RR cons M 1st series gold ass’d.c&r
Wisconsin & Michigan—First M gold $951,000
Mp
General mortgage gold (see text)
EC!
Wise Minn & Pacific—1st M (see text) gold
Me.c*i
Woonsocket & Pasc—First M int guar City of
Woon.cj
Worcester Nashua & Rochester—Stock ($3,600,000)..
Worcester &1 Worcester Nashua & Roch RR bds.c*;
Nashua 1st |
do
do
do
.
.
__
-
-
e
Mof79.se-)
all eqj
do
do
do
do
c*i
do
do
Yellowstone Park—First M $3,000,000 gold sinking fdi
Yosemite Short Line Ry—See Sierra Ry of California.
Yosemite Valley—First M $3,000,000 gold sink fund c*
cures
Miles
Date
of
of
INTEREST OR DIVIDENDS.
!
1895
1890
5|
5,
12
47
Line
88
88
1.03
Size,
j
'
33
j
;
122
66
416
54
271
9
94
47
47
47
47
22
39
Outstanding
$221,500
769,000
50 i
500,000
500,000
120,000
545,000
l.OOOj
500
1.000
,
South Ca rollna.
Rate
6 g
3 (5)
J
&
J
&
&
D
1,000
384,000
5 g
100
100
1 ,000
1 .000
16,147,876
,267,104
23,748,000
500,000
1,000
422 ,000
1,000
1.000
340.485
415,000
7,000,000
776,000
604,000
500 &Ci
1 .000
85,500
951.000
1,000 if 81, p 1 8 4 21
1,000
6,201.000
1,000
100,000
100
1,000
J
Q—F
M
&
108
:
length, extending from Skaguay, Alaska, to White Horse.
(V. 69, p. 335;
V. 67 p. 1162,1138); also operates steamers between White Horse and Daw¬
son City and Caribou and Atlln.
V. 73, p. 443; V. 75, p. 1300.
Incorpor¬
ated under English Companies Act.
SECURITIES.—Of the stock, £255,555 Is reserved to retire a like
amount of debentures.
V. 72, p. 582: V. 74, p. 479.
DIVIDENDS.—First cash dividend of 5% paid Apr. 22 1901, and also
In August a 25 % stock dividend, the two together representing the profits
of the first three years to June 30 1901; Dec. 1901,5 %• In 1903. July, 2 A %;
In 1904, Jan., 2A%: July, 2 A %: 1905, Jan., 1 ^ %; July, 2%; 1906
Jan., 3%* July, 2%: 1907, Jan., 3%.
REPORT for year ending June 30 1906 was in V. 84, p. 100, showing
net profit above Interest on debentures and debenture stock, £88,140;
brought forward from last year, £11,544; total, £99,684; dividend (5%),
£68,750; bal., sur., £30,934.
Pres, of the local (subsidiary) companies, S. H. Graves. Mackinnon
Bldg., Vancouver, B. C., Canada.
Sec., F. C. Elliott.—V. 83, p. 100.
WICHITA FALLS RY.—Henrietta. Tex., to Wichita Falls, 18 miles.
Operated by Missouri Kansas & Texas Ry. under contract extending to
Jan. 1 1930. providing for division of rates.
Stock, $20,000.
Year ending June 30 1906, net rental rec’d, $33,528; int. and sinking
fund, $15,865; taxes, $1,658; prem. on s. f. bonds, $63; divs., $15,942.—
(V. 73, p. 1161; V. 71, p. 865.)
WICHITA VALLEY RR.—Owns from Byers to Seymour. Tex., 75
extension from Seymour to Stamford. 60 miles, completed Nov.
1906.
The Abilene & Northern Is to build from Stamford south to Abilene,
38 miles.
In 1905 Colorado & Southern acquired control.
See V. 83, p.
695.
Interest scaled to 3% to July 1 1907, Inclusive.
Laud and Income
notes (6s). $123,617; Inc. notes (5s), $68,249. V. 67. p. 224; V. 76. p. 1608.
For year ending June 30 1906, gross, $145,332; net, $93,178; total deduc¬
tions. $40,133; bal., sur., $53,u45.—(V. 78, p. 1277; V. 81, p. 1243.)
WILKESBARRE & SCRANTON RY.— (See Map Central RR. of N. J.) —
Owns from Scranton to Mlnooka Jet., Pa., 5 miles, of which l A miles 's
double track.
Leased from May 1 1888 to Lehigh Coal & Nav.Co. (widen
holds all the stock) during corporate existence less one year, at $47 500
per annum and taxes.
Lease assigned to Central of N. J. at 6% on cost
of road ($1,089,582) and taxes.
WILLIAM’S
VALLEY RR.—Brookslde to Lykens, Pa., 12
miles.
Stock authorized. $120,000; outstanding, $90,000; par of shares, $50In Apr. 1907 the Reading Co. obtained control.
V. 84, p. 933.
The 5s of
1903 were to retire at once the $87,000 of 6s due Dec. 1 1911.
For year
ending June 30 1906, gross, $25,816; net, $6,445.—(V. 84, p. 933.)
WILLIAMSPORT & NORTH BRANCH RR.—Hall’s to Satterfield, Pa.,
miles:
and hr., 47 miles; leases Eagles Mere RR., 10 miles; total, 57 miles.
Stock (authorized, $2,000,000) common, $925,362; preferred, $400,000;
ullivan
$50. Co.,
4>$s$250,000
of 1901 cover
road and
3,000 acres ofV.coal
gar
ThePa.,
In
being the
reserved
for extensions.
72. lands
p. 990,
1280.
Equipment trusts June 30 1906, $52,500; bills pyaable, $15,500.
For year ending June 30 1906. gross, $175,187; net, $55.2j5; charges,
$39,975;
bal.,
sur.,
$15,240.
Pres., S. 1). Townsend, Hughesville, Pa.;
Sec. and Treas., H. C. Adams, N. Y.— (V. 78. p. 2386.)
WILMINGTON & NORTHERN RR —(See Maps Readlno System.) —
Owns Wilmington, Del., to Highs Jet., Pa., 71 miles; branches. 17 miles;
total owned, 88 miles; trackage to Reading, Pa,, etc.. 4 miles.
General
mtge. bonds are reserved to retire 1st mtge. at maturity.
The Reading
Co. owns practically the entire $1,500,000 capital stock, which is deposited
under Its collateral trust intge.
The road Is leased to the Phila. & Read.
Ry. for 999 years from Feb. 1 1900 for Interest on bonds and 3 A % dlv. on
stock, payable quarterly (Q.-F. 15).
V. 70, p. 127, 998; V. 71. p. 758.
The stockholders voted May 1 1905 to Issue $240,000 general mtge. bonds for!
extension, which were at last accounts unissued.— (V. 80, p. 1858.).
WINONA BRIDGE RAILWAY.—Owns bridge between Winona, Minn.,
and BuITalo, Wls., 1.03 miles; opened Sept. 1 1891.
Leased for 30 yean
to Chicago Burlington & Quincy and Green Bay <fc Western, the former
It was reported In July 1903, acquiring about two thirds and the lattf
the balance of the $400,000 stock.
V. 77. p. 252.
STOCK.—$400,000; par, $100.
Year ending June 30 1906, gross $26
907; net. $19,149; charges, $19,200; bal., def., $51.
V. 77, p. 252.)
WISCASSET WATERVILLE & FARMINGTON R V.—WIscasset. Me
to Albion. 42 miles (2 foot gauge); also partially constructed from Wee*
Mills west to Farmington, etc., Me., about 50 miles, of which 15 miles
Winslow arc in operation.
Successor to railroad company c.f same nan
foreclosed Dec. 4 1906.
V. 84, p. 160.
Stock authorized, common, $10000, all issued; pref., 5% non-cum., $200,000, of which $1 10,000 outsta.r c\
Pres., Carson C. Peek, 280 Bway., N. Y.; Treas., Wm, D. Patterson. ?-V7?
For year ending June 30 1906 (old Co.), gross. $42;650; def., under oi
exp., $8,768; taxes, $289.
Pres., G. F. Farley.—V. 81, p. 1176; V. 83
437, 639. 1038, 1413 V. 84, p. 160.)
WISCONSIN CENTRAL RAILWAY.— {Sec Map)—SYSTEM ext'
from Chicago to Ashland, Wls , and Lake Superior Iron mines; als
St. Paul and Minneapolis.
By extension to Manitowoc and the car
across Lake Michigan, connects with the Pere Marquette and has a
line to the East.
V. 63, p. 117.
The system includes:
Lines owned.—
Miles.
Lines owned.—
Chic, to Trout Brook Jet., Wls.. 452 Other branches.
Abbottsford to Ashland, Wls._ 133 Trackage to Chic., Min., etc..
Branch to Bessemer
34 Rugby to Milwaukee, etc
Stevens Point to Portage City..
71 Spurs to Industries (65 m
Neenah to Manltowoe(14 Jointly)
44
unoperated)
04
Marshfield to Nckoosa
33
Grand total (lncl. spurs operated 102 miles and unop. 65 m.)
/Y
si.
1
1925
1940
1
Dec 31 1906 5 %
May 1 1938
N
Dec
July
1
1
1923
1931
Reading Terminal. Phila 1907 1927
do
do
Aug 1 1932
S 209 Adams St,
1
'
Chicago
3,099,800
150,000
511 ,000
735,000
380,000
432,000
1,625.000
J
3 Vi 1? J
4 g
M
4 A & 5 A
5 g
J
4 g
M
6
M
6 g
J
5 g
J
5 g
.r
4 g
F
4 g
A
5
A
ill In ’06 J
4 g
J
4
J
4
J
4
A
5 S
J
4 g
5 S
J
&
&
&
&
&
&
&
&
&
&
J
J
N
O
New York,
J
United "States Mort
N
& Trust Co
S
J" L
J
J See text.
A New York
O Blair & Co, New York
O R I Hospital & TrCo.Pro
J Amer Loan & Tr Co, Bost
J do
do
do
J
do
J
do
do
O
do
r
do
J Farmers’Tr, Lancas, Pa
&
J Mec Trust Co, San Fr
&
&
&
&
&
&
&
&
&
Sept
1
1915
July
l
1949
Jan
1
1950
May l 1951
July 1 1907-1912
To Oct
13 1912
1936
1916
1912
July
Jan
1909
Jan
1945
Feb
1955
Oct
1950
Oct
1910
1
’07
2 M %
Jan
Jan
1 1935
Jan
1 1913
1 1930
Jan
Oct
1 1934
July 1 1945
May
Mar
-
i
WHITE & BLACK RIVER VALLEY RR.—Brinkley to
Jacksonport,
Ark., 63 miles. Leased for 80 years from July 1 1900 to the Choctaw Okla¬
homa & Gulf RR. for guaranty of Interest, endorsed on bonds. Stock au
thorlzed, $1,875,000; paid in, $323,000.
Of the $600,000 bonds outstand¬
ing. $100,000 have coupons cut off for the lirst ten years and $200,000 are
reserved for extension to Batesville.—(V. 72, p. 189.)
WHITE PASS & YUKON RY.—Owns a narrow-gauge line 110 miles In
Stocks—Last
Dividend.
11
'
1906
Dec 31
i
pal. When Due.
J St Louis. Mo
Jan
J Mercantile Trust Co, N Y July
5
.1890
1895
1905
&
&
4 A g
5
5 g
1,000
1,000
1,000
1,000
1,000
J
South 4th St, Phila
do
do
D Tower City (Pa) Nat Bk
J Fidelity Trust Co, Phila
354,000
1893
1890
Whom.
&
406,000
1905
Payable.
J
5
500;
_
Where Payable, and by
4'A g M
l,000j
1899
1900
1901
1902
1905
1906
1885
1882
1879
1895
1905
1900
1890
When
|
%
1887
1892
•
All
Amount
$500
1903
1901
Co. of
j
1,000
I
1888
Bonds—Prlnci-
or
Par
Value.
Road. Bonds.
18
51
| VOL. LXXXIV,
Jan
1
1
1
1
1
1
1
1
1
1936
i
Extension from Owen to Ladysmith, 45 A miles, was opencd0Aug.
1906; extension being built thence to Superior and Duluth, 112 miles.
V. 81, p. 1263; V. 82, p. 1324; V. 83. p. 986.
ORGANIZATION.—Successor July 1899 of Wisconsin Cent. Co., fore¬
closed per plan V. 68, p. 725; V. 69, p. 29, 83, 133, 182.
See V. 70, p 434
In Oct. 1906 control was changed.
V. 81, p. 1316; V. 83, p. 819, 891.
STOCK.—Stock authorized
common, $17,500,000;
pref. 4% noncum., $12,500,000. Outstanding, common, $16,147,876; pref., $11,267,104
After 4% dividends on both classes shall have been
par of shares, $100.
paid In any year, both shall participate equally in any further dividends
for such year.
The preferred has the right to elect a majority of the
directors on failure for two successive years to receive 4% per annum.
BONDS.—The 1st gen. gold 4s of 1899 ($27,000,000 authorized) are se¬
cured by a mtge. upon all the lines of railway, terminals, equipm’t
and other
property acquired thereby, and also by deposit of all securities owned
or acquired under the plan;
In July 1906 $2,240,050 were reserved to
retire underlying bonds still outstanding.
Of the generals, up to July
1906, $892,000 were purchased In the open market and canceled.
V. 75,
p 734, 1204; V. 77, p. 1236
The stockholders May 8 190 6 authorized a new bond Issue to provide in
part for cost of extension from Owen to Duluth ancf Superior, about 160
miles, and terminals, of which $7,000,000, which were underwritten, were
offered to stockholders at 89 and Interest; $1,500,000 being reserved for
extension and Improvements.
V. 82, p. 806, 930, 1103; V. 83, p. 986.
EARNINGS.—7 mos.. [1906-07
Gross, $4,347,834; net. $1,613,885
July 1 to Jan. 31.
(1905-06
Gross, 4,181,621; net, 1,546,386
REPORT.—-Report for year ending June 30 1906 in lull V. 83, p. 964, 985.
1905-06.
Gross earnings
expenses
Operating
-$7,118,576
4,542,476
1904-05.
1903-04.
1902-03.
$6,650,883 .$6,466,176
4,374,336
4,342,439
$6,651,862
4,205,993
$2,123,737
$2,174,933
$2,445,869
$2,484,299
1,750,686
1,760,227
$424,247
$724,072
Net earnings
Total net Income
Fixed chgs., taxes, &C-.
$2,576,100
$2,661,207
1,859,019
$2,276,547
$2,319,384
1,763,541
Sur. for the 12 mos...
$802,188
$555,843
.
DIRECTORS.—Geo. M. Cumming (Chairman), T. L. Chadbourne Jr.,
F. E. Dewey, G. C. Rasmus, .Mark T. Cox and Fred T. Gates, New York;
W. A. Bradford Jr., Cincinnati; G. A. Fernald, Boston; John F. Hill, Au
gusta, Me.: Henry C. Starr, Richmond, Va.; Wm. F. Vilas, Madison. Wls.
OFFICERS.—Chairman Exec. Com., T. L. Chadbourne Jr.; Pres., W. A.
Bradford Jr.; Vice-Pres., Henry C. Starr; Comp, and Aud., Robert Toombs,
Milwaukee; Treas., William R. Hancock, Milwaukee; Sec., G. W. Webster,
'r9waukee; Asst. Sec., W. A. Chadbourne, 30 Pine St., N. Y.—(V. 82, p.
V. 8:> n 627, 819, 891. 964, 985, 1413.)
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MAP OF THE
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52
RAILWY
STOCKS
AND
BONDS.
[Vol.
lxiv.
INDUSTRIAL AND MISCELLANEOUS COMPANIES.
1
t
•
MISCELLANEO US.
Size,
For
explanation of column headings,
first page of tables.
of
&c., see notes on
i
1
1
Bonds—Princi¬
pal. When Due.
j
Par
|
Value.
Bonds
INTEREST OR DIVIDENDS.
!
or
Amount
Rate
Outstanding
%
When
Where
PayableJ
Payable,
Whom.
and
Stocks—Last
Dividend.
by
■
$100 $12,000,000 See text. J
& D 59 Broadway, N Y
Mch l '07, 2%
&c
12,000,000
4 g
M &
S Mercantile Trust Co, N Y Mch 1 1948
100
19,820,000
j
100
16,150,000 See text.
71 Broadway, N Y
Q—M
Feb 1 '04,1%%
I
1,170,000
6
i
Q—J
do
;
Aprl’07,1%%
do
1,000
See text >
5g
J
&
J New York
;July 1 1936
100
2,500,000 See text. See text
Oct
1903, 1 %
100
Q—M !___
1,250,000 7 In 1906
Mchl'07,1%%
1,000
451,0006
M & N St Louis Union Tr. St L
!May 1 1911
1,000
5 g
1,760,000
M & N Intern Trust Co. Balt
May l 1933
100 153,888,000 See text.
Checks mailed
Q—F
May 27 '07 2 %
100
17,215,600
!
100
6
In
1906
A
&
O
Office,
18,382,000
26 B’way, N Y
Apr 1 '07, 3 %
5,000
2,500,000
Mch 1 1908
4%
M &
S
Adams Express—Stock—120,000 sh.—par not Axed, treated as
Collateral trust mortgage, gold
Me 1898
Allis-Chalmers—Common stock, $25,000,000Pref, 7 % cum (as to assets & dlv), $25,000,000, text
i
Bullock Elec Mfg, pref stk (also as to assets), 6 % cum
First M $15,000,000 gold sink fund red at 110 beg 1916 ACc*
Alabama Consol Coal & Iron—Common stock, $2,500,000
Pref. stock, 7% cum
1st mtge, red after May 1906 at 105^ s f
SSt
Consol collateral,M, $3,500,000. gold
Amalgamated Copper—Stock, $155,000,000
American Agricul Chemical Co—Stock com, $20,000,000
Drof A %
im
/ac tn nocnfo anH rM\r^
500
1906
1901
1904
flOft
Notes, $2,500,000, redeemable 101 %
American Bank Note—See United Bank Note Corporation
American Beet Sugar—Common stock. $15,000,000
j
Pref stock, 6 %, also assets, non-cumulatlve, $5,000,000
Certs of Indebtedness, $3,000,000, red at par Feb 1908
r
American Brake Shoe & Foundry—Com stock, $3,000 000 au
Preferred stock, 7 % cumulative, $3,000,000
First mtge, gold, s f, red, text
F
American Can—Common stock
|
Pief stock, 7%, cumulative
|
American Car & Foundry—Common stock, $30,000,000
Q
Pref stock, 7 %, also assets, non-cum, $30,000,000
G
American Cement—Stock, $2,000,000
1905
100
100
1905
1,000 &c
100
100
1,000
1902
100
100
100
100
50
I
,
ADAMS EXPRESS.—ORGANIZATION.—An association
1854 but not Incorporated, operating on about 35.000 miles
formed
In j
of railroad,
Including Penn., C. B. & Q., Clies. & Ohio, N. Y. N. H. & H., etc.
BONDS.—In 1898 treasury securities were pledged with Mercantile
Tr. Co. to secure (subject to prior Indemnification of shareholders from
any loss by reason of personal liability) $12,000,000 of 4 % bonds.
These
last were then distributed as a 100 % dividend,
V. 66, p. 470.
DIVIDENDS.—Long 8% yearly, but reduced In 1898, on payment
of 100 % dlv. In bonds, to 4 %; In Dec. 1900, to Dec. 1907, 8 % yearly, and
Mar. 1903 to 1907, lncl., 2% extra each from sale of certain real estate.
(V. 76, p. 436; V. 77, p. 90; V. 78, p. 704; V. 82, p. 102; V. 83, p. 40.)
er,
15,000,000
4,000,000
3,000,000
1,500,000
3,000,000
924,000
41,233,300
41,233,300
30,000,000
30,000,000
2,000,000
I
6
Q—J
Checks mailed
M &
S 32 Nassau St., N Y
6
4 In 1906
Q—J .Checks mailed
7 In 1906
!
Q—J
do
5 g
M &
S Farmers’ L & Tr Co, N Y
*'
Apr 1 '07, 1 % %
jMch 1 1910
iMch 30'07, 1%
'Mch 30'07. 1 %
Mch 1 1952
:
i
5 In 1906
Q—J
’Checks mailed
.Apr 1 '07,1 % %
See text.
Q—J
Guaranty Trust Co, N Y .Apr 1 '07, W %
7
1
Q—J
do
do
iApr 1 '07. 1 % %
&
See text.J
J Checks mailed
:Jan 24'07, 4%
'
:
H. H. Rogers Jr., John E. Judson, Jas. Stillman and A. C. Burrage;
1498; V. 83. p. 753, 971, 1525, 1592.)
office 42 B’way, N. Y.—(V. 82, p.
AMERICAN AGRICULTURAL CHEMICAL CO.—ORGANIZATION.—
Incorporated In May 1899, In Connecticut, under special charter, and
acquired control of fertilizer companies (Including Listers’ of Newark)
named In V. 68, p. 974, and V. 72, p. 672: V. 73. p. 664: V. 75, p. 241,
292, 440; V. 76. p. 867; V. 77. p. 399; V. 83, p. 1230; V. 84. p. 272.
See
V. 71, p. 545.
In 1905 sold $2,500,000 4 4 % notes.
V. 80, p. 653.
They
j must be retired before any mortgage Is made on property of March 1 1905.
DIVIDENDS on pref. to Apr. 1907, 6 % yearly (A. &O.).
REPORT.—Report for year ending June 30 1906 In V. 83, p. 377
ALABAMA CONSOLIDATED COAL & IRON CO.—ORGANIZATION.
showed: Total net Income, $2,553,687; Improvements, betterments, &c.,
—Incorporated In N. J. July 18 1899.
Acquired Iron and coal properties $779,372; dlv. on pref., 6%, $1,074,090; balance, $700,225.
near Birmingham and Gadsden. Ala.
Directors—Robert S. Bradley (Chairman), Peter P. Bradley (Pres.),
V. 82, p. 391, 694.
In Feb. 1905
the International Power Co. acquired control.
James M. Gifford (1st V.-P.), Albert French (2nd V.-P.), Wm. Prescott
V. 80, p. 653.
DIVIDENDS.—Dlv. on common, 1%, paid Oct. 1903; none since. I (3rd V.-P.), Thos. A. Doe (Treas.), John F. Gibbons, Wm. H. Grafflin,
On pref. Feb. 1900 to Nov. 1900, 1 % % quar.; March 1901, to Mar. 1907, i Geo. C. Bingham, Wm. H. Burtenshaw, Samuel Carr, W. C. Noyes, J. F.
Kehoe, Cord Meyer, H. S. Zell, Marcellus E. Wheeler, Geo. Beck, Wm. H.
l%%quar.
(Q.-M.)
Bowlter, W. W. Raker, D. Crawford Clark and L. B. Curtis.
N. Y. office,
Of the consol, collat. 5s of 1904 $1,500,000 has been Issued In exchange
26
Broadway.
(V. 83, p. 377, 627, 689, 1230; V. 84, p. 160.272.)
for $1,250,000 preferred stock and working capital, per plan V. 79, p.
105.
$1,250,000 has been canceled, $490,000 Is reserved to take up old 6s.
AMERICAN BANK NOTE.—See UNITED BANK NOTE CORP.
REPORT.—Report for year ending Oct. 31 1905 In V. 82, p. 391.
In
AMERICAN BEET SUGAR CO.—Incorporated on March 24 1899.
1905-06, gross, $3,794,863; net, $492,867; charges, $157,521; div. on pref.
Dividends paid on pref. from Oct. ’99 to Apr. ’07, both lncl., 6% yearly
(7%), $87,500; bal., sur., $247,346.
(1 4 % Q.-J.)
See prospectus In V. 68, p. 280, 616; "Beet Sugar" Item,
OFFICERS.—President, J. Hi Hoadley; Treasurer, Wm. R. Sheldon.
V. 69, p. 1249.
Certificates of Indebtedness, V. 82, p. 570, 1099.
Report
New directors Jan. 1907, V. 84, p. 52.
Office, Birmingham, Ala.; N. Y.
for year ending March 31 1906 In V. 82, p. 1099, snowed: Total Income,
office, 74 Broadway.—(V. 82, p. 50; 391.694, 1103; V. 84, p. 52, 104.)
$4,369,814; profit from operation, $1,422 010; cost of maintenance, $513,ALBEMARLE & CHES. CANAL.—Owns canal between Chesapeake
848; profit of campaign, $908,162; expenses and Interest $355,004; dlv.
on
Bay and Albemarle Sound. 14 miles.
Stock Is $558,200 ($100 shares).
pref. (6%), $240,000; Improvements, $88,418; bal., sur., $224,740*
Pres., Robert Oxnard; Treas., J. E. Tucker 32 Nassau St., N. Y.—(V. 80.
Outstanding bonds, $500,000 1st mortgage 4s, formerly 7s, due July
1909.
Non-cum. Income 3 % debentures (Central Trust Co., N. Y., trustee)’ I p. 191 1; V. 82, p. 570 1099.
$115,000 due July 1 1909, Issued per plan V. 77, p. 351, for the funded
AMERICAN BRAKE SHOE & FOUNDRY CO.—ORGANIZATION.—
portion of Interest on 1st mtge. bonds to date of maturity, and July 1902, j Incorporated In New Jersey on Jan. 28 1902.
A consolidation of various
(V7-. 77, p. 351.)
coupon, canceled.
See report, V. 74, p. 92; V. 72, p. i companies.
See list V. 74, p. 579; V. 79, p. 2087.
Manufactures about
1035.
In 1904-05, gross, $27,517; def., $6,190.
Pres., Warren G. Elliott.
150,000 tons of brake shoes used on steam and electric cars and steel cast¬
Office, Norfolk, Va.—(V. 77, p. 351.)
ings.
Extensions and Improvements proposed In 1906,
V. 82, d. 453.
ALLIS-CHALMERS CO.—ORGANIZATION.—Incorporated In N. J. I
DIVIDENDS.—On pref. In full to Apr. 1907, inclusive (Q.-J.).
On
on May 7 1901 to manufacture heavy engines, mining and other machinery,
common. In 1903, Jan., 1 %; July, 1 %; Oct., 1904, 1 %; in 1904 and 1905,
combining Edward P. Allis Co. and Frazer & Chalmers.
V. 72, p. 874, 4 % yearly (Q.-J.); 1907, Jan., l'%; Apr., 1 %.
937, 990.
In July 1906 extensive additions to Milwaukee plant were ap¬
BONDS.—Bonds may be drawn for a yearly sinking fund of $20,000
V. 80, p. 1858; V. 81, p. 266; V. 82, p. 1440; of¬
proaching completion.
payable June 1, beginning 1903, during 1st ten years at 110, 2nd ten years
ficial statement, V. 83, p. 90
Stock, &c., V. 74, p. 1144.
at
105, thereafter at par.
V. 76. p. 655.
In 1904 entered upon thejelectrlcal, turbine and gas engine field. Ownsthe
common stock of Bullock Electrical Mfg. Co., the pref. stock of the latter
OFFICERS.—Pres., Otis H. Cutler; 1st Vice-Pres., Joseph D. Gallagher;
($1,500,000 authorized) being guaranteed 6% dividends, payable quarterly ! 2nd Vice-Pres., Joseph B. Terbell; Sec. and Treas., Henry C. Knox.
Offlcs,
170 Broadway, New York.— (V. 82, p. 453; V. 83, p. 494.)
beginning Jan. 1906.
V. 78, p. 1111, 2439; V. 80, p. 713; V. 81, p. 839,
J101; V. 81, p. 1494, 1792; V. 82, p. 1440.
Litigation, V. 82, p. 453.
AMERICAN
CAN
CO.—ORGANIZATION.—Incorporated In New
PREF. DIVS.—July 1901 to Feb. 1904 7 % yearly; none since.
Jersey on March 19 1901 as a consolidation of about 100 concerns.
See
V. 72, p. 582.
STOCK, ETC.—Preferred entitled to 7% cumulative dividends and
In 1907 operated 39 can factories, one machine shop and
a further preference of 1 % non-cum. after 7 % on common, Into which
two detlnnlng plants.
See application to list, "Chronicle," Apr. 27 1907.
It Is convertible, $ for $, on May 1 till 1921; no bonds,
DIVIDENDS.—On pref., 24% Sept. 1903; 1904, 5% (A. & O.); since
BONDS.—Of the new bonds ($15,000,000 auth.), stockholders In Aug.
to Apr. 1907, lncl., 5% yearly (Q.-J.). 1906 subscribed for $902,000 at 80 and $9,648,000 were sold to a syndicate
Fiscal year now ends Dec. 31.
Report for year ending Dec. 31 1906 in
(payments therefor extending over 6 to 8 months), to pay In part for addi¬ V. 84, p. 337, showed, 4net, $2,350,040; fire losses, $236,619; dlv. on pref.,
tions to the Milwaukee plant, the Bullock Electrical Works and to provide
(5%), $2,061,665; bal., sur., $51,756.
additional working capital.
The bonds have been underwritten.
They
Directors.—D. G. Reid (Cnalrman), W. T. Graham (Pres.), F. S. Wheeler
are to be canceled In amounts
Increasing yearly and providing for total
(Treas.). R. H. Ismon (Sec. and Asst. Treas.), W. H. Moore, W. M. Leeds,
amount at or before maturity.
See V. 82, p. 1440, 1498, and official state- i Geo. G. McMurtry, YV. F. Dutton, R. L. Skofield, Jas. MacLeAn, O. H.
raent V. 83, o. 90. 157, 437. 623.
Bogue, H. W. Phelps, J. H. Moore. F. Rudolph and Geo. T. Boggs.
(V
REPORT.—Fiscal year ends June 30. Report for the year ending June
82. p. 162, 332, 336; V. 84, p. 337, 510.)
30 1906 was given In V. 83, p. 623, showing; Deficit under maintenance and
AMERICAN CAR & FOUNDRY.—ORGANIZATION, ETC.—Incor¬
depreciation ($1,036,583), $388,421; total surplus June 30 1906, $157,481.
porated In New Jersey on Feb. 20 1899, as a consolidation. Manufac¬
Directors: E. D. Adams, Edmund C. Converse, Mark T. Cox, Joseph S.
tures freight and passenger cars of wood and steel.
V. 68, p. 280, 377,
Neave, YVm. WT. Allis, Elbert H. Gary, YVm. A. Read, Cornelius Vander¬
1029; V. 71, p. 86. 545; V. 73, p. 958; V. 82, p. 694; V. 83, p. 1413.
bilt, Charles Allis, George Bullock, James H. Eckels, Max Pam and Walter
H. Whiteside.
Chairman of Board, E. H. Gary; Chairman of Ex. Com.,.
DIVIDENDS on com-1’00.
’01-’02. ’03.
’04.
’05.
’06.
’07.
E. D. Adams;
mon
Pres., Walter H. Whiteside; Vice-Pres, and Sec., W. W.
2 yearly. 4
10
] 1
0
lncl. Apr., 1
On pref., 1 %% quar. to May 1905, Inclusive: In July, 1 1-6%, for 2 mos.,
Nichols; Treas., Henry Woodland; Comptroller, L. F. Bower.
Office, 71
Broadway, N. Y.—(V. 83, p. 1472.)
owing to change of period; Oct. 1905 to Apr. 1907, lncl., 1%% quarterly.
In Jan. 1907 dividends on common were resumed, 4% quar. being paid.
AMALGAMATED COPPER CO.—ORGANIZATION, ETC.—Incorpor¬
V. 83. p. 1413.
ated on April 27 1899 In New Jersey, and purchased control as follows:
For 9 mos. ending Jan. 31 1907, net, $5,744,219, against $2,351,161 In
Capital
Par
Dividends (%)
1906.
V. 84, p. 572.
stock.
Majority stock acquired—
val. '00 '01 '02 ’03 ’04 '05 '06
Report for year ending April 30 1906 was In V. 82, p. 1494, showing net
4
Anac.Cop.M.(V.78, p.2013)-$30,000,000 $25
16 13 4 4
8 19^
earnings, $3,807,660; dividends on preferred stock (8 1-6%), $2,450,000
Bos & Mont.Con.Cop. &S11.M.
3,750,000 25 172 140 24 32 256 160 192
llncludlng 1 1-6% paid July 1 1905 to make dividend periods conform t«
Butte & Boston Con. Min
2,000,000
10
50
10 (?)
(?)
Parrot Sliver & Copper Co
10
60 35 5 ..
10 20 12^ fiscal year; surplus, $1,357,660.
2,298,500
Directors—w. K. Blxby, Frederick H. Eaton (President), W. J. Mc¬
Hennessy Mercantile Co
1,500,000 (?) (?) (?) (?) (?) (?)(?)(?)
Bride; E. F. Carey (1st V.-P. and Gen. Mgr.), S. S. Delano (Treas.), AdolAlso acquired all the following stocks:
Wrashoe Copper Co., $5,000,000; pnus Busch, T. H. West, J. M. Buick (4th V.-P.), Geo. H. Russell. W. G.
Colorado Smelting & Mining Co., $2,500,000; Diamondvllle Coal & Coke
Oakman, H. R. Duval, J. B. Haggln, W. H. Woodln, Gerald L. Hoyt, W.
Co., $1,500,000; Big Black Foot Milling Co., $700,000; and controls timber
M. Hager, C. R. Woodln and W. N. McMillan.
N, Y., 25 Broad St.
lands, coal mines, railways, real estate, etc., having estimated value of
(V. 83, p. 1413; V. 84, p. 451. 572, 933.)
$50,000,000 over all liabilities.
Compare V. 72, p. 1281; V. 80, p. 2394.
AMERICAN CEMENT.r—A consolidation In 1899: lncorp. in N. J.
Pros¬
The Boston & Montana Co., It was reported In Oct. 1906, purchased $3,000,pectus, V. 69, p. 1249.
Owns $500,000 common and half of $300,000 7%
000 stock of the Butte Coalition Mining Co.
V.I83, p. 1038.»
pref. stock of Reliance Portland Cement Co., having outstanding $600,000
STOCK Increased June 1901
from $75,000,000 to $155,000,000, to
first mtge. 6% 20-year s. f. bonds.
Int. on bonds, sink, fund ($15,000
purchase Boston & Montana and Butte & Boston; V. 72, p. 1082; bal- j
V. 80,
ance unissued reserved to acquire remaining shares.
In Feb. 1906 the yearly) and dividends on] pref. guaranteed by American Cement.
p. 2221:
V. 81, p. 181; V. 83, p. 1100.
Has Interest In North Amer.
leading mines of the United Copper Co. were acquired by Amalgamated
Portland
Cement
Co.
V.
88.
p. 1413.
•;
Interests and associates, the litigation between the rival Interests being
Dividends 1900 to 1903, both lncl., 8% yearly (2 extra): 1904, 7% (1 ex¬
settled.
V. 82. p. 393, 570.
As to United Metals Selling Co., see V. 76,
tra); 1905 and 1906, 6% yearly (J. & J.): Jan. 1907, 4% lncl. 1% extra
p. 332; V. 81, p. 1855; V. 83, p. 1234; V. 84. p. 698, 630.
Bonds, $760,000- 1st mtge. and coll. tr.
BONDS.—Onlv bonds are Bos. & Mont. 7s, $100,000, due Nov. 1 1907,. Report for 1906, V. 84, p. 160
gold 5s, due Oct. 1 1914, s. f. $30,000 yearly; Int. A. & O. at Girard Trust
and Butte & Bos. 6s, $1,500,000, due April 1 1917.
V. 72, p. 1281.
Co..Philadelphia, trustee
Pres., Robt. W. Lesley; Treas., Frederick J.
See V. 71, p. 545.
See V. 72, p. 777.
Jlggens, 42 S. 15th St., Phlla.—(V. 84, p. 160.)
’06.
DIVIDENDS.— ’00. '01. '02. ’03. 04. '05. 1
1907.
AMERICAN CHICLE CO.—ORGANIZATION.—lncorp. in N. J. on
Percent
8
IVx 2M
2
2
4%
Below.
Incl. May, 4
June 2 1899, and consolidated the leading chewing gum Interests.
V. 68,
In 1906, Feb., 1 4%: May and Aug., 1 4% and %% extra; Nov., 1 4%
p. 871, 1130: V. 77, p. 197; V. 83, p. 152: V. 84, p. 160.
See V. 71. p. 545.
and M % extra; 1907, Feb. and May, 1% % and 4 % extra.
Dlv. on pref., Oct. 1899 to Apr. 1907, 1 H% quar. (6% per an.).
Com.,
Report for year ending April 30 1906 was in V. 82, p. 1320, showing net
14% Oct. 1899; 1900, 9%; 1901, 8%; 1902, Jan,, 2%; Apr. 1902 to Apr.
Income
$9,161 537; dividends (5%%), $8 848,554; bal., sur., $312,983.
1907,
monthly,
In
July,
Sept,
1906
and
both
lncl.,
1%
and
May,
and
Nov.
Report of Anaconda Co. fot calendar year 1905 was In V. 82, p. 1153.
EARNINGS of constlt. cos. year ending June 1 1906, V. 82, p. 1373 1494. • Jan. and Mch. 1907, 1 % extra.
For 6 mos. ending Dec. 31 1906, profits, $721,000; pref. dlv. (3%),
OFFICERS.—Pres., Henry H. Rogers: Sec. and Treas., A. H. Melln. J
$90 000; common dlv (9%), $540,000; bal. sur., $91 000.
Directors: H. H. Rogers, Wm. Rockefeller, George H. Church, A. R. Flow¬
—
...
.
—
INTEREST OR DIVIDENDS.
Xi I SCELL A NEO US.
Size,
Date
For
explanation of column headings, &c.,
first page of tables.
American Chicle—Stock, common,
see
Bonds
1
c
Graphophone Co—Common stk, $7,500,000
1901-2
100;
Debentures, $3,000,000. redeemable at par—
American Ice Co collateral trust bonds,gold ($5,000,000)Ce
Rate
%
1905
1907
1899
1905
1902
Where
j
Payable.,
Payable,
and
L
|
Mfg—Common stock
Preferred stock, 5 % cumulative.
—
American Light & Traction—Common stock, $15,000,000__
Preferred stock, 6% cumulative. $25,000,000 authorlzed..
10,198 ,600j6
5,000 ,000
In 1906
J
text. Winslow L &
&
do
do
D
Q—F
Q—J
Bonds—Princi¬
by
pal. When Due„
iStocks—Last
Dividend.
Whom.
$6,000 ,000 See text. Monthly. Royal Bldg, N
4H g
100
9,751 ,100 4 i» 1906
100 .000
4 g
1,000;
100!
3,844 ,70012 In 1906
100; 18,000 ,000,See text.
100 &Cj
5 g
6,282 .000
1001 2,615 ,550 5 In 1906
1001 2.095 ,43017 In 1906
5
129 .000
100 &c!
6
332 ,570
6
100 &c
119 ,900
See
text.
100
15,000 .000
100
11,274 ,100
100
12,548 ,300 See text.
6 g
7,425 .0001
1,000
100
19,029 ,400 See text.
6
2,897 ,580
5 g
1.970 .000
1,000
50
2,550 ,000iSee text.
50
3,000 ,000 See text.
100
6,760 ,700 See text.
100
14,236 ,200'6 In 1906
1,0001
1890
Coupon notes, convertible Into pref stock, redeemable 105
.
Amount I
(Outstandingi
[
When
1001 20,237 ,100'See text. See
auth__
American Grass Twine—Stock
American Hide & Leather—Common stock, $17,500,000
Pref, also assets, 7 % cum. $17,500,000 (V 76, p. 104)
1st M, $10,000,000, g, s f, subject to call at 115
Col_c*
American Ice Securities—Stock, all of one class, $20,000,000
1
Y
do
do
1001 3,000 ,000.6 In 1906 U Q—J
M
&S15 Morton Trust Co, N Y
4 g
1,000' 10,000 ,000*
'M
&
S Office, 1 Broadway, N
2 5'
1,500 ,000 See text.
Pref stock, 7% non-cum, $2,500,000
Debentures, convertible Into preferred stock
do
do
stock
common
American Iron & Steel
i
$100;
$6,000,000
American Cotton Oil—Common stock, $20,237,100
Pref stock, 6 % non-cum, sub to call at 105, $14,562,300--c*
Debentures, extended In 1900 (V. 71 p. 2374, 1010)
American Dist Tel Co (of N J)—Stock, $10,000,000 author..
N Y Fire Prot 1st M, gold, lnt & s f guar, red par..
American District Telegraph of N Y—Stock, $4,000,000
American Express—Stock
I
American Gas & Electric—Collat tr M $6,282,000 g red text S
American
or
Par
Value.
of
notes on
Preferred, 6% cumulative, $3,000,000
American Cigar—Gold notes, guar p & 1, red 102 H
American Coal—Stock
)
[VOL. LXXXIV,
INDUSTRIAL STOCKS AND BONDS
154
Co, N Y
do
do
April 20 ’07,1 %
April 1’07,13^ %
Mch 15 ’11-'12
Mch 1 1907, 30<
Dec 1 ’06, 2%
Dec 1 '06, 3%
Nov 1 1915
Treas office, 195 B’y. NY April 22 *07,1 %
Guardian Tr Co, N Y
Sept 1 1954
Treas office, 6 Dey St,NY Nov 15 ’06 1 %
M
S
&
M
&
N
5 In 1906
F
&
A
.
Office, 65 Broadway, NY Apr 1 ’07, 3 %
1 2007
Standard Tr Co, N Y Feb
Q—M15 Office, 154 Nassau, N Y Mchl5’07,l X %
do
do
Mayl5’07,l X %
Q—F15
1915-1918-1923
IR Wlnthrop & Co, N Y
do
do
do
do
See text.i
1916
April 1 1908-’09
Jan ’03, 2X%
Aug 15 ’05, 1 %
do
do
Sept 1 1919
Q—J I Knickerbocker Tr Co,NY April 5’07,1 X %
A
April 1 1925
& Oj
do
do
A
&
O Central Trust Co, N Y
April 1 1922
See text.
Q—J
See text.
Q—J
Checks mailed
O—F
jMay
1 ’07,1 X %
do
do
(May 1’07,1 X %
Q—F
Q—F
&
M
,Colonlal Trust Co, N Y
S,
.
STOCK, &c.—In Jan. 1906 authorized stock was Increased from $5,Statement for the year ending June 30 1906 was In V. 83, p. 152, showing:
Fronts, $1,404,000, against $1,224,000 In 1904-05; dlv. on pref. stock (6%) , , 000,000 to $10,000,000, of which $7,500,000 common and $2,500,000 pref.
Par value was changed from $10 to $100.
Pref. stock Is 7% non-cum.
$180,000; dlv. on com. stock (13%), $780,000; bal., sur., $444,000.
Total i
accumulated surplus Dec. 31 1906, $1,850,000
Pres., Geo. H. Worthing- j After 7% Is paid on both stocks, the two classes share ratably. Mort¬
real
gage
on
factory
estate,
$100,000
ton; Sec. and Treas., H. Rowley.
Office, Royal Bldg., Fulton and William
DIV’DS— \ ’96. ’97.98. ’99. ’00. *01. ’02. ’03. ’04. ’05. ’0G.
1907
Sts., N. Y.—(V. 83, p. 152, 437, 1349; V. 84. p. 160.)
I Preferred
_% )
7
7
7
734
8
7M
7
7
7
77 InclMay,3^
AMERICAN CIGAR CO.—Controlled by American Tobacco Co., which
Common. _%J
6
0
3
5
7
7
8
0
3
4
5 Mar.,l}£
REPORT.—-For year ending Sept. 30 1906, In V.‘84, p. 157, showed: Net
guarantees the 4% gold notes; see V. 74, p. 1113; V. 78, p. 1393.
Com¬
mon stock,
$10,000,000. all Issued; pref. 6% cum., $10,000,000, was
Income, .$842,266, against $803,643 In 1904-05; Interest, $('.8,412: mainte¬
Issued In Dec. 1905.
V. 81, p. 1725.
Properties owned, Including Havana nance, $77,169; current depreciation, $64,189; dlv. on pref. (7%), $145,893;
V. 72, p. 185, 284, 937, 1037; V. 73, p. 958; V. 75, p. ! dlv. on common (5%), $102,843; reserved for depreciation, Ac., $190,000;
American Co.
1255.
Report for calendar year 1906, V. 84, p. 567, showed: Net earn¬
balance, surplus, $193,761.
ings overcharges, $2,332,379; dlv. on pref. stock (6%), $600,000.
OFFICERS.—President, Edward D. Easton; Vice-Presidents, YVm. E.
Pres.,
J. B. Cobb.
Office, 111 Fifth Ave., N. Y.—(V. 84, p. 572.)
Bond Geo. YV. Lyle; Sec. and Ass’t Treas., E. O. Rockwood; Treasurer,
AMERICAN COAL.—Mines at Barton and Lonaconlng, Md.
Incor¬ Chas. W. Cox. Office, 154 Nassau St., N. Y.—(V. 84, p. 694.)
porated In Maryland; re-lncorporated In 1903 In New Jersey.
AMERICAN GRASS TWINE CO.—ORGANIZATION.—Incorporated
V. 80, p. 118.
In Delaware on June 8 1899.
Official statement showing properties owned,
DIVIDENDS
1 ’94. ’95. ’96. ’97. ’98. '99. ’00. 1901 to Mar, 07.
V. 73. p. 1262; V. 74, p. 96; V. 75, p. 31, 187, 1305; V. 77, p. 1295.
/ 6X 7
9
10
9 10 yearly (M. &S.)
(%)
8
8
Dividends, 1902, 3 X %’. 1903, Jan., 2 X %: none since.
In Jan. 1905
Also 20 % paid Jan. 1903~from sale of real estate and 25 % Mch. 1907 from |
sale of railroad.
V. 84, p. 222, 392.
i about $650,000, representing unearned dividends paid by former directors,
was turned Into the treasury.
V.
80,
p.
Protective
224.
committee of
For year ending Dec. 31 1906, net, $243,562; dividends (10%), $150,000. ;
stockholders (Solomon Turck, chairman), V. 83, p. 215.
fflce, No. 1 Broadway.—(V. 80, p. 653; V. 84, p. 222, 392, 694.)
Report for year 1906 In V. 84, p. 867, showed net profits over all expenses,
AM. COTTON CO.—July 1904. Sec., V. 83, p. 1592; V. 84, p. 222, 451.
of $95,058.
See V. 84, p. 572.
Directors, Mch. 1906, V. 82, p. 630.
Pres., John M. Robinson; Sec.,
AMERICAN COTTON OIL.—Incorp. Oct. 14 1889, In N. J., to succeed s W. A.
Pfeil, 377 Broadway, N. Y.—(V. 84, p. 867.)
Amer. Cotton OH Trust.
Has works In Southern cities, etc., for making
AMERICAN HIDE A LEATHER CO.—ORGANIZATION.—Organized
crude and refined cotton oil, lard, soap, fertilizers, etc: V. 77, p. 1872.
in New Jersey In 1899 as a merger of upper leather Interests.
See V. 69, p.
DIVIDENDS.—’98.
’99.
’00. ’01.
’02. '03. ’04.
’05.
’06.
493; V. 68, p. 925; V. 70,-p. 77, and application to list, V. 72, p. 673.
3
2
Common, %
4
3H
x6
x4
1. Dec., 1 Dec., 2
DIVIDENDS.—On pref., Feb. 15 1905 to Aug. 15, 1 % quarterly; none
Preferred, %
6% yearly to date.
(Pool expired July 22 1905.)
since to Apr. ’07. V. 81, p. 1316.
Overdue pref. divs. Feb. ’07, abt. 48%.
x Includes 2% paid In the following June.
BONDS, ETC.—Sinking fund of $172,500 retires bonds Sept. 1 yearly.
REPORT.—Report for 1905-06 at length In V. 83, p. 1236, 1237,
If purchasable at 115 or less, or If not will be Invested In other securities.
showed profits $1,618,537 after meeting expen. of administration, Interest,
J. A. W. Seligman A Co. financed the consolidation.
Report for year
Ac.; lnt. on deb. bonds, $225,000; balance, net Income, $1,393,537; divi¬
in V. 83, p. 561, showing earnings, including
ending June 30 1906
dends on pref. (6%), $611,916; div. on common, (2%) $404,742; bal., sur.
those of subsidiary companies, of $1,181,784: Interest on bonds, $511,500;
for year, $376,879, against $201,095 In 1904-05.
Profits, year 1903-04, renewals, repairs, sinking funds, Ac., $425,895; div. on pref. (1%, $125,483; bal., sur., $118,905.
$979,835; ’04-’05, $1,180,382; ’05-’06, $1,618,537.
Directors.—Thomas W. Hall (Pres.), Theo. S. Haight (1st V. P.),
OFFICERS.—Chairman of Board, Geo. A. Morrison; Pres., Robert F.
Hecht (2nd V. P.), F. L. Roenltz (3rd V. P.), Chas. P. Hall (4tb
Munro; Sec. and Treas., Justus E. Ralph, 27 Beaver St., N. Y.
Transfer Aaron
V. P.), Frederick Strauss, E. L. White, M. Robson, C. H. Buswell. Chas.
Agts., Winslow, Lanier & Co.—(V. 83, p. 1172, 1226, 1237.
W. TIdd, Henry Seligman, James Skinner, Geo. A. Hill (Sec. and Treas.),
Office, 96 Cliff St., N. Y.—
AMERICAN DE FOREST WIRELESS TELEGRAPH CO.—V. 84, p. 104. i Thomas J. Ryan and Carl A. de Gersdorff.
(V. 83, p. 561, 563.)
AMERICAN
DISTRICT TELEGRAPH CO. (OF*NEW JERSEY).—
AMERICAN
ICE SECURITIES CO.—ORGANIZATION.—Incorpor¬
ORGANIZATION.—Incorporated In New Jersey In Nov. 1901; operates ; ated In N. J. on March 29 1905 and acquired $23,455,300 of the $23,871,100
In most of the large cities and towns In the U. S. except New York City. 1 common and $14,383,000
of the $14,920,200 preferred stock of the
Has 25-year contract with the Western Union Telegraph Co. for collection i American Ice Co.,
The latter company owned
per plan V. 80, p. 601.
and delivery of messages and Is also engaged In all kinds of electrical pro- ! all of the
$10,000,000 stock of the Consol. Ice Co. of N. Y. (see V.
tectlve service.
V. 77, p. 148; V. 81, p. 213.
Dividends In 1903, Apr., I 65, p. 461) and the $10,000,000
stock of the Knickerbocker Ice Co. of
July and Oct., 1 X% each; since to Apr 1907, 4% yearly, Q.-J., See V. 78,
Maine.
Transacts a wholesale and retail business In N. Y. City; Philadel¬
p.
704.
N. Y. Fire Prot’g Co. guar, bonds.
V. 81, p.778.
In 1906, gross
Report for year ending Dec. 31 1905 In V. 82, p. 1435.
earnings, $2,799,624; net, $715,826; dividends (4%), $392,951; bal., sur.
$322,875.
Pres., Robert C. dowry: Act. Sec., I. B.
394, 1435; V. 84, p. 222, 572.
M. T. Wilbur.—(V. 82, p.
City.—(V. 80.
p.
|
I
1173; V. 82, p. 220, 1435.;
AMERICAN EXPRESS.—An "Association” formed under the laws
of New York State In 1859 and 1868.
Not an Incorporated company. |
Operated In July 1905 on about 43,000 miles of railroad In the United
&
Maine,
nearly
all the Vanderbilt lines, Illinois i
States, Including Boston
Dividends, 1882 to 1901,6% per ann.; July 1901 to July 1906, j
Cent., Ac.
8% yearly. Including 1% semi-annually from Investments; In Oct. 1906 the !
rate was Increased to 12% per ann., payable quarterly beginning Oct. 1, j
Pres.. J. C. Fargo; Treas., James F. !
6% of this to be from Investments.
Fargo, 65 Broadway.—(V. 82, p. 630; V. 83, p. 325, 494; V. 84, p. 933.)
!
AMERICAN GAS & ELECTRIC CO.—ORGANIZATION.—Incorporated In New York Dec. 24 1906 and acquired, per plan V. 83, p. 1349,1473,
1592, the holdings of the Electric Co. of
electric light plants
p. 106; V. 73, p. 289,
In
a
495.
America, which owned control of
See V. 83, p. 438; V. 79,
number of cities.1
Controlled by Electric Bond & Share Co. of N. Y.
STOCK.—Stock authorized, common, $3,500,000; 6% cum. pref.,
$3,782,000; outstanding Jan. 1907, $3,500,000 common and $1,200,000
phia, -Boston, Baltimore, Washington, D. C., Camden, Cape May and Atlan¬
V. 77, p. 2337. Suit, V. 83. p. 1525; V. 84, p.933.
DIVIDENDS.—First div., 1 X %, paid Jan. 1 1907; April 1907, 1 X %■
BONDS.—Of the Am. Ice Securities deb. 6s, $102,419 remained on hand
In Dec. 1906
to take up the outstanding American Ice Co. stock.
Of
the 5% collateral trust 5s of 1902 of the Ice Company, $1,970,000 are
outstanding and $2,060,000 are Issuable to retire $2,067,511 under¬
lying bonds and real estate mortgs. (of which $391,950 were owned by the
company); $583,000 canceled and $263,000 In treasury of Am. Ice Co.
As
to possible new bond Issue, see V. 84, p. 750.
BONDS OF SUB-COMPANIES HELD BY PUBLIC (V. 81. p. 29.)
Knickerbocker Ice Co. 5s, due Feb. 1 1908, $715,000; Consumers’ IceCo.,
due May 1 1911, $33,050; Maryland Ice Co., Baltimore, due March 1 1910,
$250,000; Hygienic Ice Co.. Washington, due Jan. 1 1910, $150,000;
Independent Ice Co., Boston (V. 78, p. 1963), 5 %, 1922 (M. & N.), $385,000
Consumers Ice Co., Atlantic City (V. 83, p. 438), 1st 30-year gold 5s, dated
Jan. 1902, red. after 5 yrs. at 105, guaranteed by Am. Ice Co.
REPORT of Am. Ice Securities Co. for year ending Dec. 31 1906, Includ¬
ing balance sheet, was In V. 84, p. 690.
The report of Am. Ice Co. for year
ending Oct. 31 1906, In V. 83, p. 1588, showed: Gross receipts, $10,303,470r
net over oper. exp., Ac., $3,004,727; bal. over charges, $2,000,601; dlv. on
pref. (9%), $1,342,818.
In 1904-05, gross, $7,311,060; net, $1,313,531.
DIRECTORS, Ac. (Old Co.)—Wesley M. Oler (Pres.): Guy B. Johnson
(Vice-Pres, and Treas.); Charles T. Barney, John A. Slelcher. John R.
Bennett (Sec.), William G. Crenshaw Jr., R. M. Thompson and Miles M.
O’Brien. Office, Broadway and 28th St., N. Y.—(V. 84, p. 750, 933.)
AMERICAN IRON A STEEL MANUFACTURING.—In Aug. 1899 ab¬
sorbed properties at Reading and Lebanon, Pa.
V. 71, p. 180.
V. 74
p. 576.
Stock, common, $2,550,000, as reduced Feb. 1905, per plan V. 79,
p. 2644; Dref.. 5% cum.
$3,000,000; par of shares $50.
Dlvs. on pref.’
Jan. 1900, 1 2-3%; April 1900 to Jan. 1907, IX % (Q.-J.): Apr. 1907, see
below.
On com., 1900, $1 per share; 1901, 55 cts.; 1902, Jan., 29, 15 cts.;
May 28, 15 cts.
Dividends on reduced common stock paid 2 % quar. Apr. 1
1905 to Jan. 1907, both Inclusive.
Dividend of 2 % on both common and
preferred stocks declared, of which IX % paid Apr. 1 1907, balance held
pending court decision as to whether preferred Is entitled to share equally
with the common above 5%..
V 84, p. 694.
Report for cal.
No bonds.
Office, Lebanon, Pa.—(V. 84, p. 690, 694.)
year 1906 In V. 84, p. 690.
tic City, N. J. V. 81, p. 29;
!
Ferguson; Treas., j
AMERICAN DISTRICT TELEGRAPH CO. OF NEW YORK.—Annual
report for year ending Dec. 31 1905 was In V. 82, p. 1435.
In 1906, gross,
$603,644; net, $85,920; dlv. (2%), $76,888; sur., $9,032.
DIVID’S.—I '93. ’94. ’95. ’96. ’97. *98. ’99. ’00. ’01. '02 to ’06.
2 2X 2X 2X
(%)
J3H
1
3
1
2
2 yearly
Office, 6 Dey St.. N. Y.
!
I
Stockholders of the Elec. Co. of Amer. were
pref.; par of shares, $30.
offered the right to subscribe for the pref. stock at par. payable 5% Dec. 27
1906, not to exceed 25% Jan. 18 1907 and the remainder In Installments of
not over 10% not oftener than 30 days apart, with a bonus of 40% In
V. 83. p. 1592.
common stock.
Dividend on pref., 1 X % (quar.) and at
6% yearly from Jan. 16 to Feb. 1, 1907, paid May 1, 1907.
BONDS.—The collateral trust 5% bonds ($6,282,000 authorized amount) j
were Issued for all the property of the Electric Co. of America, at the rate of j
140% of the stock of the latter.
They are secured by a pledge of the j
stocks, bonds and other securities owned by the Electric Co. of America, j
AMERICAN LIGHT A TRACTION CO.—ORGANIZATION.—Incor¬
ami In addition $1,000,000 to be paid as a fund for betterments and ex- ,
tensions to plants and properties of subsidiary companies held under the j porated In New Jersey May 13 1901, by Emerson McMIllln and asso¬
ciates.
V. 72, p. 724, 871, 987; V. 73, p. 235, and V. 75, p. 343.
All of
collateral trust agreement.
The bonds will be redeemable within 5 years j the stock of the
Grand Rapids, Madison, St. Josepb, Lacombe, St. Paul
at 110 and thereafter at 105.
and Binghamton (N. Y.) Gas Works Is owned, and at least 97% of the
Underlying bonds are $84,000 Canton (O.l Light, Heat A Power Co. 6s, j stock of each of the
remaining properties named below.
$308,000 Auburn (N. Y.) gold 5s, $100,000 Scranton Illuminating, Heat A
Securities Issued—
Stock.
Bonds.
Power 5s. due March 1 1923. but subject to call after 1913, and $50,000 •
Western Gas Co
$4,000,000 $6,000,000 V. 74, p. 482
Muncie Electric Light 6s. V. 73, p. 238, 495, 1088: V. 79, p. 106.
Grand Rap. (Mich.) Gas Light Co
1,000,000 1,225.000 V. 64, p. 662
REPORT of Elec. Co. of Amer. for 1905 was inV. 83. p. 321. In 1906,
Madison (VVIs.) Gas & Electric Co
450,0001
400,000
total net Income, $471,455.
St. Joseph (Mo.) Gas Co
1,000,000 1,000,000 | See page 180
Chairman of the Board. S. Z. Mitchell: Pres., Henry L. Doherty; Sec. j St.P.(Minn.)G.Lt.Co.(V.77, p.2282)
2,500,000 x3,883.000) of this sec.
and Treas., F. B. Ball.
Directors Jan. 1907, V. 84, p. 222.
Office. Phlla- j Binghamton (N. Y.) Gas Works
528.000J
450.000
delphla.—(V. 84. p. 222.)
Con.Gas Co.of N.J.(L.Bran., N. J.)
1,000,000
971,000 V. 75, p. 344
5,000,000 6,311,000 See this sec.
AMERICAN GRAPHOPHONE CO.—ORGANIZATION.—Incorporated J Detroit City Gas Co
849,000
1h West Virginia In 1887.
500,000
Owns the Columbia Phonograph Companies, i Quebec Jacques Cartier Electric Co
Southern Light & Traction Co
2,500 l,985,000/See*‘St.Ry.”
which are Its selling agents.
V.70,p.790. Also owns The Burt Co. V. 81,
700,000
Muskegon(Mlch.)Trac. ALlghtlng Co
600,0001 Section.
p. 669.
Principal factory, Bridgeport, Conn.; also has plants In Englaud
x See also $750,000 St. Croix Power Co. guaranteed bonds, V. 73, p. 1014.
and France.
History of co. May 1 1893 to Sept. 30 1899, V. 70, p. 790.
I
..
__
Apr.,
1907.J
&c.,
see
notes on
or
Where
of
Par
Amount
Rate
When
Bonds
Value.
Outstanding
%
Payable.
Payable,
1906
Pref (also as to assets), cum, $9,000,000 (see text)
Am Malt Co 1st M ass’d. $5,000,000 ,g, s f, sub call 105.c*
American Pipe Mfg Co—Stock, $5,000,000 authorized
American Pneumatic Service—Common stock, $10,000,000-.
Preferred, as to assets, 6 %, non-cumulatlve, $7,000,000
Collateral trust mort, $5,000,000, g, sf
IB
Lamson Con Store Service Co s f bonds, call at 102
'B
American Radiator—Common stock, $5,000,000
Preferred stock. 7%, cumulative, $5,000,000
.
100
1899
..
1903
1902
American Sewer Pipe—Stock, $8,000,000 authorized
1st M, $2,500,000, s f, subject to call at 105
K 1900
American Shipbuilding—Stock, common, $15,000,000
!
Preferred, 7%, non-cumulatlve, $15,000,000
'
American Smelters Securities—Common stock, $30,000,000.1
Preferred “A,” 6%, cumulative, $17,000,000
Preferred “B,” 5%, cumulative, guaranteed, $30,000,000.
American Smelting & Refining—Common stock, $50,000,000
Preferred stock, as to assets, 7 %, cumulative, $50,000,000)
American Snuff—Stock, common, $12,500,000
I
Preferred, 6%, non-cumulatlve, $12,500,000
>
x Includes $385,000 In treasury Auer. 31
1906.
Whom.
16,750.000 7 In 1900
Q—M
Checks mailed
Q—F
25,000,000 Sec text.
Checks mailed
25,000,000 7 In 1906
Q—J
&
1
A
O
5
5,000,000!
A
&
O
ioo;
5,248,300*
100
100
100
Pref stock, 7 %, non-cumulatlve, $16,750,000
American Locomotive—Common stock, $25 000,000.
pal, When Due,
—
Size,
Date
explanation of column headings,
first page of tables.
Bonds—Princi'
INTEREST OR DIVIDEXDS.
MISCELLANEO US.
For
155
INDUSTRIAL STOCKS AND RONDS
and
by
|
Stocks—Last
Dividend.^
Sepl5 '00,1 H %
May27’07,l H %
Apr22 ’07,1 H %
Oct
1
’07-’11
8,353.400
J
D Guaranty Tr Co, N Y
&
'Dec 1 1914
000: x3,714,000!
6 g
Ofllcc 112 N Br’d St.Phlla'Apr 1 ’07. 2%
Q—J
5,000,000 See text. :
100!
A
&
O
50
9,608.000
B y check
j Jan \b’Q7,\V%
50
Quar
6,317,000 See text. j
Oct
1 1928
'A
&
O
1,129.0001
5 g
F
A Internat Trust Co, Bost
&
Feb 1 1922
497
Off, 282-4 Mich Avc, Chic Mar 30*07, 3 %
100
5,000 ,000 See text. j Q—M
do
do
Feb 15*07,1 M %
100
3,000 ,000 7 In 1906 Q—F15
Checks mailed.
Apr 1 *07, H %
1001
7,805 ,700 3 in 1906 i
Q—J
M
S Knickerbocker Tr Co, NY Mch 1 1920
&
500 &CI
1,431 ,000)
6 g
Cleveland,
Ohio
;Mar 1 *07, 1 %
100,
7,600 ,000 See text.
do
,Aprl5’07,1 % %
1001
7,900 ,000 7 In 1906
100; 30,000 ,000!
Mar 1 *07,1 V %
1001 17,000 .000 See text. Q- -M 71 Broadway, N Y
Mar 1 *07,1 V %
do
do
Q- -M I
5
ioo! 30,000 ,000i
'71 Broadway, N Y
1001 50,000 ,000 See text.
;Aprl5*07,1 H %
Q- -J
-J
do
do
iApr 1 *07,1 H %
100! 50,000 ,000 7 In 1906
QApr 1 *07,2 H %
100
Q- -J
11,001 ,700 10 In ’06
jl 11 Fifth Ave, N Y
do
do
100' 12,000 ,000,6 In 1906
,Apr 1 ’07. IK %
Q- -J
! £3
being offered to stockholders pro rata at $40 per share accompanied by one
j share of common stock, payable $10 on subscription and $10 each on Dec.
1 1906, Feb. 1 1907 and Apr. 1 1907. This will Increase the amounts out¬
Traction & Lighting Co.; outstanding, see table above.
V. 82, p. 50, 279.
standing to $6,329,500 preferred and $9,619,750 common.
V. 83. p. 563.
DIVIDENDS.—Pref., Dec. 2 1901 to May 1907, 6% yearly (paid Q.-F.).
to
STOCK.—Feb. 1906 $1,679,725 com. and $4,539,125 pref. were Issued
acquire the Detroit City Gas Co., Lacombe Electric Co. and Muskegon
!
I
Dividends on pref. stock to Jan. 20 1902. lncl.. 6% per an.; In 1906.
1904; in 1905, 3V%\ in 1906, Feb., 1%:
Mch., 1 Vx %; June, 1 V %: Oct., 1 V %; in 1907, Jan., IV %.
In April 1907
1%;
Feb..
H%:
May,
May.
1
l'jf.
Aug., 1 H%; Nov., 1J*%; In 1907,
! no dividend was declared. V. 84, p. 869.
i
First Af. Collateral
Trust S. F. During
1905, $1,287,000 of the
REPORT.—Report for calendar year 1906, V. 84, p. 160.
Other
Total
Common
Balance, ' new $5,000,000 5% bond Issue was sold (of which $148,000 retired by slnkPeriod
Dl vi de n ds
Preferred
dividends.
dividends.
income,
surplus.
covered, received.
expenses
| lug fund to Mch. 1907); $600,000 Is reserved to retire the $600,000 (auth.
$
$
$
$
?
! Issue) of Lamson bonds and the balance for acquisitions and extensions at
:
3 mos. end. Mch. 31 —
not over 75 % of cost, and only for property leased at not less than 12 V %
317,964 j of cost.
(1 VD 213,543
1907
(1M) 84,508
571,519
56,496
12,000
V. 81, p. 32.
309,941 j
(1) 67,428
12,000
(1 Vi) 212,650
1906
549,879
52,140
REPORT for cal. year 1905, with balance sheet, was In V. 82, p. 860,
Year—
showing, net earnings, $347,889; Interest, $46,284; bal., sur., $301,605.
1906 ..2,070,508 193,228
48,000
(6)853,068 (43^)320,902 1,041,766
Arthur S. Temple, Treas., 161 Devonshire St., Boston.
Directors Mch.
1905 ..1,222,785 150,835
37,453
(6)570,822 (3?i)179,581
585.765 ! 1907, V. 84, p. 510.—(V. 84, p. 451, 510, 572, 869.)
Pres., Emerson McMUlIn; V.-P. and Treas., L. P. Lathrop; Sec., James
V.
AMERICAN RADIATOR.—Incorporated In N. J. Feb. 10 1899.
Lawrence.
N.rY. Office, 40 Wall St.
Directors, V. 73, p. 235.—(V. 82,
J 68, p. 329; V. 80, p. 2346. Dividends on pref.. May 1899 to Feb. 1907,
p. 336, 630, 986; V. 83, p. 154, 215, 968; V. 84, p. 160,933.
I Inclusive, 1 s4 % quarterly (Q.-F. 15).
On common, Dec. 1904 to Mar.
Re¬
AMERICAN LINSEED—ORGANIZATION, ETC.—Incorporated on i 1907, both Inclusive, 1% quar. (Q.-M.), and In Mch 1907 2% extra.
port for year ending Jan. 31 1907, with balance sheet, V. 84, p. 625, showed:
Dec. 5 1898 In N. J.
V. 67, p. 1161; V. 69, p. 697. See V. 71, p. 545.
For list of plants, etc., see V. 70, p. 631.
Com. stock authorized, $16,- 1 Net protits, $864,281; 7% on pref., $210,000; dlv. on com. (4%), $200,000;
750,000, all outstanding; pref. stock as in table.
In June 1901, Standard i bal., $454,281. Pres., C. M. Woolley. Office, 282 Michigan Ave., Chicago,
Oil Interests acquired a majority of stock.
V. 76, p. 216.
Dividends on j —(V. 82, p. 571, 625, 754; V. 83. p. 381; V. 84, p. 340, 572, 625.)
pref. June 15 1899 to Sept. 1900 aggregated 10 V%", none since.
j
AMERICAN SEWER PIPE CO.—ORGANIZATION.—Inc. in N. J. on
Pres., John j Feb. 17 1900 as American Clay Mfg. Co. as a consolidation of 32 vitrified
REPORT.—Report for year 1900-01 was In V. 73, p. 662.
drain-pipe
and 2 paving brick plants, said to control from 60 to 75 % of
A. McGean; Sec., VV. A. Jones.
100 William St., N. Y.—(V. 79, p. 1267.)
the Industry, and name changed Feb. 1 1901.
For list, etc., see V. 70,
AMERICAN LOCOMOTIVE CO.—ORGANIZATION.—Incorporated In
The bonds are subject to call at 105 and Interest up to
p. 482, 688, 874.
N. Y. on June 10 1901 as a consolidation of various companies (see list In V.
$100,000 yearly.
See V. 70, p. 688; V. 78, p. 2601. Stock, $8,000,000,
73, p. 80).
V. 72, p. 1189; V. 73, p. 84, 186, 724; V. 83, p. 686.
In 1904 i as reduced Mch. 1903. Bal. sneet Dec. 31*1906, V. 84, p. 692.
Dlvs., 3% yearly (H % Q.-J.) July 1904 to April 1907, both Inclusive.
the entire capital stock of the Locomotive & Machine Co. of Montreal was
acquired (V. 78, p. 1111, 1393, 1448), and In Jan. 1905 of the Rogers Loco¬ I
OFFICERS.—Pres., Frank N. Kondolf, Pittsburgh, Pa.; Sec., Thomas
D. Brown, New Brighton, Pa.; Treas., A. S. McCoinb, Pittsburgh.
New
motive Works.
V. 80, p. 474.
Co-operates with Gen. Electric Co# In
directors Sept. 1906, V. 83, p. 689.
Office, Pittsburgh, Pa.—(V. 82, p.
construction of electric locomotives; see V. 79, p. 1022.
In 1905 began tc
451; V. 83, p. 381, 689; V. 84, p. 692.)
manufacture automobiles.
V. 80, p. 2459; V. 82, p. 282; V. 83, p. 686.
AMERICAN SHIPBUILDING CO.—ORGANIZATION.—Incorporated
DIVIDENDS, &c.—Dividend on pref., 1H% quarterly Oct. 1901 to
April 1907, both lncl. Dlv. on com. stock, 1 V % quar., paid Aug. 1906 to In New Jersey on March 16 1899 to unite the shipbuilding and kindred
Interests of the Great Lakes.
V. 68, p. 770; V. 70, p. 896; V. 71, p. 344,
May 1907, both lncl.
Bonded debt of constituent companies was;
Dickson Mfg. Co. 1st 5s, $562,500 (assumed), maturing Nov. 1 1627; ; 1014; V. 73, p. 390; V. 83, p. 1172.
Dlv. on pref. July 1899 to Apr. 10 1907
On common, Dec. 1902, 1%; 1903, 3%;
Richmond Locomotive, $550,000 gold consol. 6s due April 1 1929 (assumed), I Inclusive, 7% per an. (184 % Q-J).
1905, 2%; 1906, Mch., 1%; June. 1%.
A dividend of 4% was declared In
of which $118,000 owned by Amer. Loco. Co.
Locomotive & Machine Co. of Montreal 1st 20-yr. gold 4s ($1,500,000), ! quarterly Installments, the first Sept. 1 1906, also 2% extra Sept. 1 1906,
V. 83, p. 215.
Report for year ending June 30 1906, In V. 83, p. 967,
dated March 1 1904 ($1,000 each), guaranteed prln. & lnt. by Am. Loco. Co.
i showed: Net earnings, $2,443,217; dlv. on pref., $553,000; dlv. on com.
Int. March and Sept, at Royal Trust Co. of Montreal, trustee.
1
(6%), $456,000; depreciation, maintenance, reserve, &c., $806,844; bal.
Rogers Locomotive Works, $380,000 first s. f. 5s, due May 14 1921.
In Oct. 1906 $5,000,000 5% notes were sold to pay floating,debt and for ; sur., $627,373.
Pres., James C. Wallace, Chicago;,VIce-Pres. and Treas.
R.
C. Wetmore; Sec.,
Ora J. Fish. Directors, V. 81, p. 1102.
Office,
working capital.
V. 83, p. 1472.
Cleveland, O.—(V. 83. p. 967. 1172.)
REPORT.—Report for year ending June 30 1906 was in V. 83, p. 686,
SMELTERS
AMERICAN
SECURITIES CO.—ORGANIZATION.—
showing net earnings, $6,462,506; Interest and discount, $281,812; dlvs.
Dlv. on common, 1V%. Nov. 1
'
on
Incorporated March 31 1905 In New Jersey, and acquired from Guggen¬
heim Explor. Co. various mining properties and Interests In Mexico,
pref. stock (7%), $1,750,000; additions and betterments, $1,001,565;
extraordinary lmpt. and bettermt. fund, $2,000,000; dlv. on com. stock
(1 V%), $312,500; bal., sur., $1,116,629.
Directors—Waldo H. Marshall, Pliny Fisk, Geo. R. Sheldon, C. A. Coffin,
Julius E. French, S. L. Schoonmaker, W. M. Barnum, Fred’k H. Stevens,
Jos. Bryan, Chas. Miller and R.J. Gross. Pres., W. H. Marshall; V.-Pres.,
James E. Sague; VIce-Pres. and Sec., Leigh Best; Treas., C. B. Denny;
Comptroller, C. E. Patterson.
Office. Ill Broadway. New York.— (V. 82,
p. 282, 336, 1440; V. 83. p. 686, 971, 1472; V. 84, p. 932.)
AMERICAN MALT CORPORATION.—ORGANIZATION.—Incorp. In
N. J. April 2 1906 as successor, per plan V. 81, p. 266, 1043, of the American
Malting Co., the latter being a consolidation In 1897.
V. 65, p. 619; V. 70,
p. 478.
Under the plan the old preferred received 62% In new pref. and the
old common 44% In new common stock.
The new securities were Issued
In Sept. 1906, $11,925,600 of the $14,500,000 old common and $13,473,100
of the $14,440,000 old preferred having been acquired.
Properties op¬
erated, &c.. see V. 84, p. 156.
STOCK.—The preferred stock Is entitled to 4 % from April 1 to Oct.
1
1906—thereafter to 6%. Of the stock, $47,200 pref. and $103,000
common will remain after exchange of all of the old stocks.
BONDS.—R. C. Newton and Geo. R. Turnbull are trustees.
Sinking
fund one-half amount dividend declared on pref. stock of Malting Co. and
proceeds of property sold released from mortgage lien. V. 69, p. 956,
1013, 1195.
REPORT of old co. for year ending Aug. 31 1906, V. 83, p. 1097, showed:
Profits above Interest and $86,561 for Improvements, &c., $255,652.
Balance sheet of new co. Dec. 31 1906, V. 84, p. 156.
OFFICERS (old co.).—Pres., Charles A. Stadler; Sec., J. C. McCune,
Treas.. Louis L. Stanton.
Directors, Nov. 1906. V. 79, p. 2149; V. 81,
p. 2147; V?83, p. 1172.
N. Y. office, 63d St. & E. R.—(V. 84, p. 156.)
AMERICAN
PIPE
MANUFACTURING CO.—ORGANIZATION.—
Colorado and Missouri and about $5,000,000 to complete certain purchases;
later bought other properties
and Mexico and a majority of
'
!
!
!
j
:
;
j
OFFICERS.—Pres.,
I Treas..
I
In California, Washington, Utah, Missouri
the Federal Mining & Smelting stock.
Am.
Smelt. & Ref. Co. controls through ownership of $17,751,000 common
stock.
See below. V 80 p. 873, 1237, 1730, 1915, 1973, 2221: V. 82. p.
V. 83, p. 1038.
694;
In Nov. 1905 control of Utah Copper Co. was acqulred. V. 81, p. 1317. 1494, 1794. .
STOCK.—Preferred stock "B” Is guaranteed as to dividends by American
Smelting & Refining Co. and also as to principal In case of liquidation;
principal Is subject to redemption at pax at option of company June 1
1930, or any Interest day thereafter.
Sink, fund Is provided. See V.
80, p. 1730. 1973
Pref. stock r,A ’ Is preferred over “B” only as to dividends. The present
authorized Issue, $17,000,000, may be increased by $5,500,000.
Pre¬
ferred stock will have no voting power during the first two years nor
thereafter except while the dividends for one year remain unpaid.
Tho
common therefore carries control while pref. dividends are paid.
DIVIDENDS.—First dlv. on pref. A stock (for 2 mos.), 1%. paid
July 1 1905; Sept. 1905 to Mch. 1907, both Inclusive, IV % quar.
V. 81,
n. 156, 670.
On pref. B., 1^% quar., paid Sept. 1905 to Mch. 1907,
Doth Inclusive.
Daniel Guggenheim; Vlce-Pres., Barton Sewell;
M. Borden. Directors, V. 80. p.
Office, 71 Broadway. N. Y.—(V. 84, p. 392.)
Morris Guggenheim; Sec., G.
1425; V. 84, p. 392.
AMERICAN SMELTING & REFINING
! —Incorporated April 4 1899,
CO.—ORGANIZATION, ETC.
under laws of New Jersey, V. 68, p. 668.
! Owns and operates plants for the smelting of ores and the treatment of
i lead bullion, copper bullion and copper matte In Utah, Montana, Colorado,
Nebraska,
Illinois,
New Jersey, Mexico
and elsewhere. The prlnl clpal
merchantable products are bar gold and silver, pig lead, electro¬
lytic copper and blue vitriol. Controls the Kansas City Smelting & Refining
i Co.,
Omaha & Grant Smelting Co., etc.
List of plants, rights of stock,
Incorporated In New Jersey Jan. 31 1889. Controls and operates various I etc., the
V. 76. p.
see V. 68, p. 975; V. 68, p. 471, 523; V. 70, p. 232, 281.
water works and manufactures the Phipps
hydraulic pipes. See list i
974; V. 77, p. 2340; V. 79, p. 1041; V. 84, p. 160.
Contract with Federal
subsidiary companies, V. 72, p. 135; V. 69, p. 1197; V. 81, p. 5.09.
Stock¬
Mining & Smelting Co. (controlled by American .Smelters’ Securities Co.
holders In Aug. 1906 subscribed for $1,000,000 new stock at par.
V. 83, ;; V.
79, p. 2694.
Decision as to smelting ores In Salt Lake Valley, V. 83,
!
p. 215, 273.
p. 1172.
Tax decision, V. 84, p. 105.
DIVS.j’90. *91. *92. *93. *94.
1895.
1896 to Jan. *07. Apr. 1907
In April 1901 the property of M. Guggenheim’s Sons was acquired, tho
0
6
11 V 13 (lncl. 3 ex.) 12 yrly. (Q.-J.)
2
stock being Increased from $27,400,000 each of common and preferred to
(%)1 6
8
The output of lead and sliver It Is stated Is now about
$50,000,000 each.
REPORT.—For year 1906, with balance sheet, In V. 84. p. 218, showed
85% of the production In the U. S.
V. 71, p. 1271; V. 72, p. 138, 724
net earnings, $618,042, against $588,669 In 1905; dividends, $480,000,
V. 71, p. 1271.
against $352,481.
Pres., Joseph S. Keen Jr.; Vice-Pres. and Treas., Geo see circular In V. 72, p. 185.
In
April 1905 acquired control of American Smelters’ Securities Co.,
M. Bunting: Sec. and Asst. Treas., H. Bayard Hodge.“ Office, 112 North
which see above.
V. 80, p. 873.
Broad St., Philadelphia, Pa.—(V. 84, p. 160, 218, 222.)
Omaha & Grant Smelt. 1st 6s due March 1 1911, $471,000, rctlrabl®
AMERICAN
PNEUMATIC SERVICE
CO.—ORGANIZATION.—In¬
about $70,000 annually by sinking fund, are the only bonds,
corporated July 1 1899 under laws of Delaware.
(V. 68, p. 1130, 1179.) i
DIVIDENDS on pref. to Apr. 1907, Inclusive. 7 % per an. (1 *4 Q-J.)
Is the owner of the whole, or nearly all, stock of the Lamson Consol. : On
common, In 1904, 5 %; In 1905, to July, Inclusive, IV % Q-J.; In Oct,
Store-Service Co. (V. 68, p. 1073), the Inter. Pneum. Service Co., etc. I 1905 to
Apr. 1907, lncl.. 1 H% (Q.-J.)
Government contracts, V. 81, p. 29, 32; V. 75, p. 734; V. 79, p. 2088: V.
REPORT.—Report for year ending April 30 1906, at length In V. 83,
83, p. 40, 325, 438, 1100; V. 84, p. 572.
In Aug. 1905 acquired all the stock ! p. 561, 634, showed: Gross, $11,665,885; net, $9,712,154; new construction
of N. Y. Mall & Newspaper Trans. Co. and Tubular Disp. Co., all the bonds
j and Improvements. $938,099; dlv. on pref. (7%), $3,500,000; dlv. on com.
of N. Y. Mail & Newspaper Trans. Co., &c.
V. 81, p. 669; V. 82, p. 394;
j (6 V%), $3,250,000: bal., sur., $2,024,055.
V. 83, p. 1102.)
DIRECTORS.—Daniel Guggenheim (Pres.), Isaac Guggenheim (Treas.),
Application to list was In V. 83, p. 34.
R. Guggenheim, Morris Guggenheim, M. Robert Guggenheim,
! Solomon
STOCK.—Stockholders voted Sept. 4 1906 to Increase the authorized pre-* | S. W. Eccles (Vice-President), Edward Brush
(Vice-President and
ferred stock from $5,000,000 to $7,000,000; of the new stock $1,329,000 i Asst, to Pres.), H. L. Hlgginson, Grant B. Schley, D. H. Moffat, M. D
1
INTEREST OR DIVIDENDS.
MISCELLA NEO US.
For
j VOL. LXXXIV,
INDUSTRIAL STOCKS AND BONDS
150
explanation of column headings,
first page of tables.
&c., see notes on
Date
Size, or
i
of
Par
Value.
j
Bonds
.
;
-
Amount
Outstanding
i
■
Rate
%
When
! Payable.
Where Payable,
Whom.
Mort, $6,000,000 total Issuable,s f, red beg Apr '16.Col.c*
American Sugar Refining—Common stock $45,000,000
Pref stock, 7 %, cum (not pref as to assets), $45,000,000
American Telegraph & Cable—Stock, 5% rental
American Telephone & Telegraph—Stock $250,000,000
Collateral trust mortgage, gold (V 70, p. 40)
OB_c*
Collateral trust notes, gold to’be paid May 1007
OB
Amer Bell deb. g (V. 67, p. 72, 1355; V. 70. p. 40) ,..OB_c*
Convert bonds. $150,000,000 auth, red 105, text.-OB_c*&r
Coupon notes, red. 102
American Thread—Pref stocK, $6,000,000, 5 %, cum, g or £__
First mortgage, $6,000,000, gold or £
G-c*
American Tobacco Co—Common 6tock ($100,000,000 auth)_
Pref (also as to assets), $80,000,000 6 %, cum (See text)._
Gold bonds (not mtge), $56,100,000 auth
Mo_c*&r
Gold bonds (not mtge.), $63,489,100 authorized..Mo.c&r*
Consolidated Tobacco collat tr M, g
Mo.c’&r.i
American
100
100
100
100
1897
1905
1899
1904
1898
1906
.
100
beg Sep’00_Me
&c
100
100
100
100
1,000
1,000 &c
1.000
1,000 &c
1,000 dec
5
&C
100
100
50 &c
50 &c
50 &c
100
100
500
1899
1904
1904
1901
Type Founders—Stock
Preferred stock 7% cumulative $2.000,000
Debentures gold $1,000,000 s f $20,000 yrly
100
1896
Thatcher, J. B. Grant, Guy C. Barton, Dennis Sheedy, W. S. McCornick,
Karl Ellers. Frank W. Hills. Anton- Eilers. Barton Sewell (Viee-Pres.)
Edgar L. Newhouse, Franklin Guiterman, Willard S. Morse, John N. Steele,
Clendenin and John K. MacGowan.
Office, 71
Broadway, N. Y.—(V. 84, p. 1(»5, 160, 222, 392.)
AMERICAN SNUFF CO.—Incorporated In N. J. on March 12 1900
For list of properties merged, see V. 70, p. 533. 634; statement to. N. Y.
Stock Exchange. V. 72, p. 625, 672; V. 74, p. 428; V. 81, p. 267; V. 84, p.
510.
Div. on pref., Jan. 2 1901 to April 1907, 6% yearly.
On com. Jan.
712 to April 1907, Inclusive, 10%.
Am. Tobacco Co. interests own control.
REPORT.—Report for year ending Dec. 31 1906 (in V. 84, p. 567)
•showed:
Net earnings, $2,781,867; div. on pref. (6%), $720,000; div. on
common (10 %). $1,000,170; bal., sur., $961,697.
Pres., Martin J. Condon;
Sec. ap(j Tr*™?., E. D. Christian. 111 Fifth AVe.; N.
—(V. 84, p. 567.)
Arthur L. Walker, Joseph
AMERICAN SOBa
FOUNTAIN.—Formed in *91 in N. -J:
V, 66, p. 382
in 1897
both
leaving ac¬
2nd pref.
1 1906,
DIVIDENDS.—On preferred in full to Nov. 1896, inclusive:
to 1899, inclusive, none; Nov."'1900, 3 % on 1st pref.; 1901 to 1904,
Inclusive, 6% yearly on 1st pref.; In 1905
1906, none;
cumulated dividends unpaid of 33% on 1st pref. and 80% on
V. 81, p. 1552.
On com., none since 1896.
Balance sheet Sept.
V. 84, p. 272.
Possible reorganization, see V. 84, p. 272.
REPORT.—No report since 1903.
Report year ending Aug. 31
V. 77, p. 2035, showed prollt, $125,274, against $108,589 for 1902.
N. Y. office, 449 First Ave.—(V. 84, p. 272.)
James N. North.
aricf
1903,
Pres.,
AMERICAN
STEEL
FOUNDRIES
CO—ORGANIZATION.—Incor¬
porated in New Jersey on June 26 1902, and acquired:
American Steel Casting Co. (See “Supplement” for April 1902), Reliance
Steel Castings Co. of Pittsburgh, Pa., Leighton & Howard Steel Co. E.
St. Louis, Ill., Franklin Steel Casting Co. of Franklin, Pa., Sargent Co.
of Chicago, 111., American Steel Foundry Co. of Granite City, Ill., and Amer.
Steel Bolster Co., and in Jan. 1905 entire stock of Simplex Railway Appli¬
ance Co.
V. 79. p. 1463; V. 80, p. 224, 602; V. 83, p. 685, 1230.
STOCK.—For status, rights of stock, etc., see V. 78, p. 2604.
V. 77,
p. 767; V. 75. p. 1300.
Of the $40,000,000 stock (half pref.), the $2,300.000 each of common and preferred are to be issued only for cash or property
of actual cash value at par.
V. 74, p. 1141, 1357.
In Feb. 1905 $2,200,000 of each class of stock was sold.
In Sept. 1906 $1,890.000 common and
$460,000 pref. stock owned by co. was retired, reducing amounts out¬
V. 83, p. 685.
standing to $15,810,000 com. and $17,240,000 pref.
DIVIDENDS.—On pref., Dec. 1 1902
to Dec. 1903, 1H% quar.
(Q.-M.); 1904, May, l 'A%; Aug., 1%; none since to Apr. 1907.
BONDS.—The stockholders on Sept. 6 1905
authorized $6,000,000
bonds, $3,500,000 being subscribed for at 80.
V. 81, p. 267, 842; V. 83,
Bills payable July 31 1906, $1,147,455.
p. 820.
REPORT.—For year ending July 31 1906 In V. 83. p. 685, showed total
net income, $1,596,955; charges, $342,753; depreciation, $244,681; bal.,
$1,009,521.
Miller
(Chairman), Wm. V. Kelley, E. H.
DIRECTORS.—Charles
Gary, Thos. Iv. Niedrlnghaus, W. W. Butler, W. D. Sargent, Geo. B.
Leighton. Rolla Wells, Chas. Miller. Max Pam, Edward Shearson, J. A.
Mlddleson, John M. Harrison, C. H. Howard, E. F. Goltra, Arthur,!. Eddy.
Pres., Wm. V. Kelley; 1st Vlce-Pres., Robert P. Lamont; Treas. and Sec.,
F. E. Patterson. Office, Chicago.—(V. 81, p. 1102; V. 83, p. 685,820, 1230.
AMERICAN SUGAR REFINING.—Organized In N. J. in Jan. 1891,
sur.,
{>er plan V. 51. p. 609.
was Increased
Stock, originally $50,000,000,capital
stock of
n Jan. 1892
to $75,000,000 (half pref.) to acquire the
the four Philadelphia refineries and a controlling Interest
In the Baltimore
refinery.
Spreckels’s refinery In California has been held under lease
to the "Western Sugar Refining Co.,” of which the “trust” owns one-half
Beet-sugar Interest acquired, V. 64, p. 841; V. 77, p. 771;
the stock.
coffee plants. V. 63, p. 1157; V. 64, p. 40; V. 70, p. 688, 1051; V. 71, p.
914; V. 72. p. 1137; V. 82, p. 1270; V. 83, p. 1038.
Beet-sugar refineries in
U. S., V. 66. p. 132; V. 68. p. 280; V. 69. p. 1249; V. 76, p. 867, 1194. Nat.
Sugar Refining Co., sec V. 70, p. 1096; V. 71, p. 31.
See V. 70, p. 482, 634,
998, 1051: V. 71, p. 136. 237, 699.
Independents, V. 73, p. 238; V. 82, p.
1324.
Suit, V. 84. p. 627.
STOCK.—In 1901 each class of stock was Increased from $37,500,000
to $45,000,000 bv sale at par to shareholders.
V. 73, p. 617.
DIV’S.— % ) ’92.
’94 to ’99.
’00. ’01 to ’06.
’93.
1907.
Common
U0H 21 4 12 y’ly (3 Q.-J.)
7X
7 yearly.
Inel.Apr,3H
Preferred
J7% yearly to date; nearly all Q.-J.
V. 71, p. 1168.
Annual meeting Jan. 1907, V. 84, p. 105.
Dec. 31 ’06.
BALANCE SHEET.—
Dec. 31 ’05.
Dec. 31 ’04.
$35,156,876
Real estate and machinery
$36,029,220
$35,051,343
38,320,033
Cash and debts receivable
36,731,272
38,659,443
50,988,467
54,058,547
54,212,196
Investments In other companies
16,035,978
16,658,732
24,936,523
Sugar, raw and refined
_
Total assets
Capital stock
Debts..
Reserves
_
$139,784,937 $144,533,598 $152,520,095
$90,000,000
35,359,038
14,425,900
$90,000,000
40,526,459
14,007,138
$1,250,000
1,250,000
1,250,000
15,810,000
17,240,000
471,000
3,500.000
45,000,000
45,000,000
14.000,000
131,551,400
53,000,000
20,000.000
10,000,000
44,000,000
25,000,000
4,890,475
6,000,000
40.242,400
78,689,100
54,485,900
52,236,600
4,915,500
4,000,000
2,000.000
880,000
$100
$90,000,000
48,734,384
13,785,711
and by.
'
Stocks—Last
Dividend.
I
i
American Soda Fountain—Common stock, $1,250,000
1st preferred, 6%, cumulative, $1,250.000
.
2nd preferred, 8 %, cumulative, $1,250,000
American Steel Foundries—Stock, common, $20,000,000
Preferred stock, also assets, 6%, cumulative, $20,000,000
American Steel Castings, 1st mortgage, gold
Q
! Bonds—Princi1 pal, When Due.
.Nov ’96, 1X%
;Nov 1904, 6%
iNov 4 ’96, 2%
Nov 4
See text.
Nov
Checks mailed
See text. See text.
See text.
;
(Aug 1 ’04. 1%
Q—F
74 Broadway, N Y
5 g
do
do
Nov 1 1912
M
&
N
6 g
A
O New York
i Oct
1 1935
&
Checks mailed
7 In 1906
Q—J
[Apr 2 ’07,1 % %
do
7 In 1906 See text.
Apr 2 ’07,1 X %
Western Union Tel, N Y Mch '07
1 x %
Q- -M
Checks mailed.
’07 2%
See text.
Q- -J
Apr 15 “
4 g
J
&
J Manh Tr, N Y; & Boston July 1 1929
5 g
M
N
&
May 1 1907
4
J
J Nat Bk of Com. Boston July 1 1908
&
4 g
M
&
S Manh at Tr Co, NY & Bos Mch 1 1936
5
J
&
J
do
Jan. 1 1910
do
5 In 1906 J
J Guaranty Tr Co N Y
Jan 1 ’07 2 H %
&
do
4 g or £ J
do
Jan
1 1919
&
J
Mch 1’07.2^%
See text. See text. Checks mailed
6
Q—J
do
Apr 1 ’07,1H %
6 g
Oct A 1944
A & O Morton Trust Co, N
4 g
Aug 1 1951
F
& A
do
do
1
4 g
Aug 1 1951
F & A
do
do
In 1903
Qp—J "Checks mailed,
Apr 15 ’07 1%
in 1906
Q—J
do
Apr 15 ’07 IX
6 g
M
&
N Mercantile Trust Co, N Y May 1 1926
See text.
,
stock, $21,943,200 was subscribed for by stockholders at par in
Increased the outstanding stock to $131,551,400, exclud¬
ing $27,110,400 held by American Bell Telephone Co. and virtually unissued.
V. 76, p. 1356; V. 77, p. 39, p. 771.
DIVIDENDS.—July 1900 to July 1906 Inclusive, 7M% per annum, viz.
July 16. 2 \<i %; Oct. 15, 1 4%; Jan. 15, 2 H %; April 15, 1 >2 %. Oct. 1906,
2 %; 1907, Jan., 2 %; Apr., 2 %; div. hereafter to be 8 % yearly. V. 83, p.82o.
BONDS.—The coll, trust mtge. of 1899 secures equally the coll, trust
bonds and the $10,000,000 Bell debentures.
See collat., V. 81, p. 509.
On additional collat. further bonds may be issued to an amount not ex¬
ceeding 75 % of the estimated value of collateral; and the Issue at any
time outstanding must not exceed the amount of the company’s capital
stock then paid up.
V. 69, p. 1195, 1249; V. 70, p. 40.
Of the collateral
trust bonds $53,000,000 have been sold.
V. 80, p.999, 1113. The $20,000,000 5 % gold notes of 1904 are secured by deposit of $25,000,000 collateral
trust bonds of 1899.
V. 78, p. 1448.
The convertible 4s of 1906 ($150,000,000 authorized Issue), of which
$100,000,000 have been sold for delivery as required to provide for Im¬
provements and extensions during two or three years and the payment
of the $20,000,000 notes on May 1 1907, are to be ratably secured by
any future mtge. or collateral trust Indenture.
They are subject to call
on and after March 1 1914 at 105, and convertible Into stock at 140 after
March 1 1909 and before March 1 1918; and in the meantime up to 30 days
the new
1903.
This
prior to any date of
redemption, provision being made to protect the
holders as to the convertible rate In the event of the Issue of new stock.
-See V. 82, p. 394, 571, 699; V. 83, p. 438; V. 84, p. 105, 160, 273, 933.
In Jan. 1907, $25,000,000 3-yr. 5% notes were sold.
V. 84, p. 105.
REPORT.—Report for 1906 in V. 84, p. 746, 815.
Reports of sub-com¬
panies for 1905 were in V. 82, p. 1374-8; V. 83, p. 93.
Year ending Dec. 31—
1906.
1905.
1904.
Total gross earnings...
$24,526,098
$21,712,831
.$18,546,659
Surplus over interest charges 12,970,937
13,034.038
11,275,702
Paid dividends
(7X %)10,195,234 (7X %)9,866.355 (7^ %) 9,799,117
DIRECTORS.—Fred. P. Fish (Pres.), Chas. VV. Amory, Geo. F. Baker,
Francis Blake, Sylvanus L. Schoonmaker, Alexander Cochrane, T. Jefferson
Coolldge Jr., W. Murray Crane, Henry S. Howe. Chas. E. Hubbard (Sec.),
Chas. E. Perkins, WTlllam Lowell Putnam, Thomas Sanders, Nathaniel
Thayer, Theodore N. Vail, John I. Waterbury and Moses Williams and
Thos. B. Bailey.
’Treas. Is Wm. R. Driver.
Office, 125 Milk Street,
Boston, Mass.—(V. 84, p.;746, 750, 800, 815, 869, 933.)
AMERICAN THREAD CO.—Incorporated In N. J. March 10 1898.
(V. 67, p. 1158.)
Stock, $6,000,000 common ($3,50 per $5 share paid
In, understood to be entirely owned by the English Sewing Cotton Co.);
$6,000,000 5% cum. pref. (gold or £); Issued $4,890,475, par of shares,
$5.
Dividend on pref. July 1899 to Jan. 1907,-Inclusive, 5% per annum
(2H % seml-an).
First div. on common, 30 cts. per share (or 10% on
amount paid In) paid out of earnings of 1899-0; In 1900-01, 35 cts. (10%);
In 1901-02, none; In 1902-03. 14 cts. (4%); In July 1904, 56 cts. (16%);
in July 1905, 28 cts. (8%); in July 15)06, 49 cts. (14%).
BONDS.—See application to list In full, V. 70, p. 170; also V. 76, p. 267.
In 1901 purchased control of Wool Exchange Co., owning building 260 West
Broadway, subject to first mtge. of $450,000.
V. 73, p. 289, 393, 446.
REPORT.—Report for year ending March 31 1906, with balance sheet
in V. 83. p. 268, showed: Gross profits, $1,479,468; depreciation, $351,160;
bond interest, $236,000; dividend on pref. stock (5%), $244,524; div. on
com. stock (14%), $588,000; bal. sur. for year, $59,784.
Total surplus,
$344,891.
Pres., T. C. Waterhouse: Sec. and Treas., Theo. M. Ives, 260
W. Broadway, N. Y. —(V. 81, p. 153; V. 83, p. 268.)
(THE) AMERICAN TOBACCO CO.—ORGANIZATION.—Incorporated
on Oct. 20 1904 as an amalgamation, under
the laws of New Jersey, per
plan V. 79, p. 1024, of the American, the Consolidated and the Contin¬
ental tobacco companies.
V. 79, p. 1705. See application to list, V. 80
p. 168; statements of those companies In this Section for July 1904.
De¬
cision sustaining merger-, V. 84, p. 105.
The American Snuff Co. Is controlled, $10,000,000 of Its stock being
owned; also $7,000,000 of the’$10,000,000 stock of the American Cigar Co.,
whose 4% notes ($20,000,000 authorized) were guaranteed, principal and
Interest, by the American and Continental companies.
V. 73, p. 1113;
V. 72, p. 531, 1037; V. 78, p. 1394.
The Havana Co. Is controlled. V. 74,
p. 1141.
The Continental Co. acquired the $3,000,000 P. Lorlllard Co. com.
and also $1,581,000 of Its $2,000,000 pref. stock.
V. 70, p. 331, 1051,
V. 71, p. 646.
American Stogie Co., see V. 77, p. 148; V. 80. 9. 2400.
In Sept. 1902 an agreement was made with the Imperial Tobacco Co. of
England by which the two Interests are left undisturbed In their own coun¬
tries respectively, the export business of both being turned over to the
British-American Tobacco Co., of whose $30,000,000 stock the Consoli¬
dated owned $20,000,000 and the Imperial $10,000,000.
V. 75, p. 735:
V. 73, p. 618, 724, 1359; V. 76, p. 868, 921.
STOCK.—Of the stock $1,310,900 pref. and $59,757,550 com. are re¬
served.
The pref. stock has voting power only as the statute expressly
gives the power to vote.
See V. 79, p. 1025- V. 80, p. 167,
DIVIDPINDS.—On pref., Jan. 1905 to Apr. 1907, both inel.# 6% yearly
(Q.-J.).
On com., 2
% quar., Mch. 1905 to Mar. 1907, both Incl., and
in Dec. 1905, 10%, Sept. 1906 5% and Dec. 1906 7%% extra. V. 83, p.
*
1172.
.$139,784,938 $144,533,598 $152,520,095 ;
BONDS.—No mortgage on the property or specific charge on earnings
DIRECTORS.—H. O. Havcmeyer, Chas. 11. Sentf, Arthur Donner, j shall be created except In express subordination to the rights of the holders
George H. Frazier, John Mayer, W. B. Thomas. John E. Parsons; Treas.. [ of both issues of bonds.
The rights of the 6s are prior to those of the 4s.
Arthur Donner.
Transfer office, 117 Wall St.. N. Y.— (V. 84, p. 105,448.)
A sink. fund, of $500,000 Is to be paid annually to trustee of 6 % bonds for
their purchase In the open market at not exceeding 120, the money, In case
AMERICAN TELEGRAPH & CABLE.—Owns two cables between Nova
they cannot be obtained, to be returned to company.
See V. 79. p 1956;
Scotia and England.
Leased until 1932 to Western Union—which see.
In Jan. 1905 $51,21^.200 of the $56,090,400 6 % bonds and
AMERICAN TELEPHONE & TELEGRAPH CO.—ORGANIZATION.— I V. 80, p. 167.
Owns a large Interest, generally a majority Interest, In the capital stock j $72 757,400 of the $78,689,000 4 % bonds authorized had been listed, with
authority to list the balance as exchanged under plan.
In Dec. 1905 $15,of all the leading local companies operating under the Bell patents through¬
out the United States (except the Michigan State Telep. Co.); also owns i 200,000 of the 4% bonds purchased In the open market were canceled, In
1906 $2,437,000; In 1907 (to April) $4,000,000, reducing the amount out¬
the system of long-distance telephone lines by which they are united.
standing to $52,236,600.
V. 81, p. 1611; V. 84, p. 625, 805.
See series of telephone articles, V. 69, p. 674, 826, 1034, 1222; V. 70, p.
REPORT.—Report for year ending Dec. 31 1906 in V. 84, p. 625, showed
817.
Capitalization licensee co’s, see V. 73, p. 446, 555, 724; V. 76
net earnings, $26,406,343, against $25,212,285 in 1905; premium on 6%
p. 596; V. 77, p. 2036; V. 79, p. 735; V. 82, p. 699; V. 83. p. 1413.
On Mch bonds
purchased, $58,180; lnt. on bonds. $5,818,075; div. on com. stock
31 1907 7,389,024 instruments In use, against 6,046,080 on Mch. 31 1906.
(22H%). $9,054,540; div. on pref. stock (6%), $4,721,346; bal., sur.,
Decision as to Berliner patent, V. 72, p. 439; V. 73, p. 186; V. 76, p. 244.
I $6,754,231.
Pupin patents, V. 72, p. 677; V. 76, p. 332, 596; V. 77. p. 39.
Controls
DIRECTORS.—James B. Duke (President), John B. Cobb. William
Western Telephone & Telegraph Co., the successor to the Erie Telegraph &
V.
73.
p.
1267;
control
Telephone Co.
V. 74. p. 42. 271. In 1907
of the R. Harris and Perclval L. Hill (Vice-Presidents); Secretary, William
U. S. Telephone Co. of Rochester was acquired.
V. 84, p. 343, 160. Suit, H. McAllister; George Arents, Anthony N. Brady, Pau» Brown,
Thomas Dolan, Benjamin N. Duke, Robert B. Dula, Pierre Lorlllard,
V. 84, p. 627, 936.
Decision as to claim of Western Union, see V. 77, p.
Thomas J. Maloney, Rufus L. Patterson. Oliver H. Payne, Frank H.
951, 2160; V. 78, p. 585, 1220; V. 79. p. 153; V. 82. p. 336.
the authorized stock was Increased from
Ray, Thomas F. Ryan, Grant B. Schley, Charles E. Halllwell, George A.
STOCK.—On June 3 1901
Helme, Charles S. Keene Herbert D. Kingsbury, Robert A. C. Smith,
$100,000,000 to $150,000,000 and on Mar. 1 1903 to $250,000,000.
Of
Total liabilities
Apr.. 1907.
Sice,
Date
explanation of column headings,
first page of tables.
&c., see notes on
Amer Window Glass Machine—Common stock $13,000,000.
Pref stock, 7 p c cum, $7,000,000
Debentures $5,000,000 gold due $1,000,000 yearly red par
American Woolen—Common stock $40,000,000 authorized..
Preferred stock 7 % cum. also assets, $35,000,000 auth
Wood Worsted Mill Corp con & equip notes guar p & 1 (text)
American Writing Paper—Common stock, $12,500,000 auth _
Preferred stock 7% cumulative $12,500,000
First M s f gold $17,000,000 call after July ’09 at 105.OB.C*
Associated Merchants—Common stock
First pref 5% cum, also assets, conv (text)
Second pref 6% cum, also assets (see text)
Barney & Smith Car—Common stock, to be $2,000,000
Preferred 8 % cumulative $2,500,000
First mortgage $2,000,000 gold red 110
G.c*
Bethlehem Steel Corporation—-Common stock $15,000,000..
Pref stock 7 % non-cumulatlve $15,000,000 (also assets)
Bethlehem Steel purch money M for Beth iron gold. G Pc* &r
Beth Steel Co 1st ext M $12,000,000 gold gu red 105_Mo_c*
Borden’s Condensed Milk—Common stock $17,500,000
Preferred 6 % cumulative $7,500,000 redeemable at 110
Brooklyn Ferry—Brooklyn & N Y Ferry 1st M
c* &r
Consolidated mortgage $7,500,000
K.c*
Brooklyn Union Gas—Stock $<*(},000,000
First cons $15,000,000 g (for underlying bonds see text)..G
Debentures convertible after March 1907
Buffalo Gas—First M $5,900,000 redeem at 115 gold
N.c*
T.Shaw
or
Par
Value.
of
Bonds
1905
100
1899
1906
i
II__
1901
1906
1886
1898
1895
1904
1897
I
&
by
Stocks—Last
Dividend.
Whom.
A Farm Dep Nat Bk, Pitts Feb 1 1908-1912
"Q—j" 15 Guaranty" Trust "Co,' N
j
YI Apr 15’bV. 1 \i
%
-
100; 15,000,000 See text.
1,000!
500
&c
1,000
paid July 1902 to Apr. 1907 lnel., \ U% quarterly.
ANNUAL REPORT.—Report for year ending Aug. 31 1906, In V. 83,
p. 1097. showed gross profits after deducting expenses, $585,742; lnt. chge.,
$139,829; net, $445,913; dlv. on corn. (4%), $160,000; dlv. on pref., $140,000; bal., sur., $145,913.
Pres., R. W. Nelson, 300 Communlpaw Ave.,
Jersey City.— (V. 81, p. 1313, V. 83, p. 971, 1038, 1097.)
AMERICAN WALTHAM WATCH.—See Waltham Watch Co.
AMERICAN WINDOW GLASS MACHINE CO.—ORGANIZATION.—
Incorporated In N. J. on Mar. 6 1903. V. 76, p. 596.
Owns exclusive
See V. 76,
rights to certain window-glass machine patents In the U. S.
p. 596, 707.
In Mar. 1903 purchased nearly all of com. stock of Amer.
Window Glass Co. and leased patent rights to latter on royalty.
V. 76
p. 707. 867; V. 77, p. 2282; V. 79, p. 2644.
STOCK.—Stock authorized, com., $13,000,000; pref., 7 % cum., $7,000,000; par of shares, $100; of this, $6,499,000 com. and $500,000 pref. were
Issued to acquire patent rights and $6,500,000 of each were available for
purchase of $13,000,000 Amer. Window Glass com. stock: outstanding, see
table above.
The Window Glass Co.’s $4,000,000 cum. pref. stock (In
shares of $100) received dlvs. of 7% per annum Mch. 1900 to Mch. 1903; no
dlvs. paid since to Apr. 1907 Inclusive.
V. 76. p. 707.
Pres., W. K. McMullIn; Sec. and Treas., A. E. Braun, Pittsburgh, Pa.—
(V. 77, p. 2282; V. 79. p. 2044; V. 80. p. 1915, 1974; V. 83, p. 1172.)
AMERICAN WOOLEN CO.—ORGANIZATION.— Incorporated Mar. 29
1899 under laws of N. J. as a consolidation of the Washington Mills. Law¬
rence. Mass.; National Providence Mills, Providence, R. I.. &c., see V. 68.
p. 472; see also p. 617: V. 69. p. 77: V. 73, p. 446. V. 73, p. 446; V. 71, p.545.
List of properties, V. 78, p. 1118.
Statement to Stock Exch., V. 7 1, p.1316.
The Wood Worsted Mill Corporation, whose $1,000,000 stock Is owned.
Is building a large mill at South Lawrence, Mass., for the manufacture of
yarns and men's wear fabrics: Its $3,500,000 notes, guaranteed prln.and lnt.,
mature $500,000
Mar. 1910, $2,000,000 Sept. 1910 and $1,000,000 Mar.
1911.
V. 81, p. 900, 842.
STOCK.—Authorized by stockholders, $35,000,000 pref. (as Increased
Nov. 1906) and $40,000,000 com.
Outstanding, pref., $25,000,000; com.,
$29,501,100.
In Dec. 19.06 the $10,000,000 new pref. stock was offered to
stockholders at par, payable 25% Jan. 15, 25% Feb. 15 and 50% Mch. 15,
the stock to be entitled to the Apr, 1907 dividend.
The stock was under
written.
V. 83, p. 1472; V. 84, p. 750.
Dividends on preferred July 1899
to April 1907, both inclusive, 7% per annum (Q.-J. 15).
EARNINGS.—Report for year ending Dec. 31 1906 In V. 84, p. 567.
showed: Net profits, $4,809,397; previous sur., $10,049,828; dlvs. at 7%
per annum, $1,750,000; depreciation, $2,000,000; net sur., $11,109,225.
DIRECTORS.— Wm M Wood J Pres.), Frederick Ayer, Geo. L. Slieplev. John Hogg. Francis W. Kittredgc, .). ClilTord Woodhull, Samuel P.
Colt, Geo. E. Bullard, Andrew G. Pierce Jr., Geo. L. Shepley and Chas. 11.
Tenney. Treas., W. H. Dwelly Jr.; Asst. Treas., W. A. Currier; Sec., Jos.
Office, Shawmut Bank Building, Boston, Mass.—(V. 83, p.
1472; V. 84, p. 567, 750,933.)
AMERICAN WRITING PAPER CO.—ORGANIZATION.—Incorpor¬
ated In N. J. on June 25 1899 as a consolidation of tine writing-paper mills.
See prospectus, V. 69. p. 25. 128, 227 V. 80, p. 1172.
See V. 70. p. 998.
New plant proposed Sept. 1906.
V. 83, p. 689.
Of the common stock $2,000,000 was in the treasury Jan. 1907.
V. 84,
p. 392.
First div. on pref. (1 %)• was declared payable April 1 1907, but
payment deferred, pending litigation, favorable decision being rendered by
lower court in April 1907.
V. 83, p. 82o; V. 84, p. 805, 933.
Of the $17,000,()()0 bond.>, $855,000 were in sinking fund Jan. 1907 and
$1,060.000 in the treasury unoaneeled.
V. 76, p. 540.
Report for calendar
year 1906. with balance sheet. In V. 84, p. 506, showing:
Net Income;
$1,534,944; Interest on bonds, construction, depreciation, &c., $1,190,460:
balance, surplus, $344,484.
OFFICERS. — Pres.. W. N. Caldwell: Treas., George B.
Holbrook;
Sec., E. II. Hall, Holvokc, Mass.
New directors Feb. 1906, V. 78, p. 1963;
V. 82, p. 453, — (V. 81, p. 161, 392, 451, 506, 805,933.)
ANACONDA COPPER MINING.—V. 82, p. 754, I 153, 1498
ASSOCIATED MERCHANTS’ CO.—ORGANIZATION.— Ineorporated
In April 1901 in Connecticut under soeclal charter, and acquired $4,500,100
of the $9,000*000 stock of the H. B. Claflln Co. and the business of James
MeCreery & Co. of 23d St., which in Dee. 1906 acquired the 34th St. busi¬
ness.
V. 84, p. 692.
In Dec. 1901 purchased the business of Posner
Bros, of Baltimore (now Stewart & Co.) and in 1903 2.000 shares t$200,uuo)
of the $250,000 com. stock of C. G. Gunther’s Sons.
V. 77, p. 449. V. 73,'
p. 1358.
In 1905 acquired the business of J. N. Adam Co. of Buffalo. V.
76. p. 540; V. 80. p. 1730; V. 81 ,,p. 776.
Also owns $2,400,000 of the $3,000,000 debenture bonds. $2,000,ooo of the $3,ooo,000 Income bonds and
800 of the l.ooo shares of stock of the O’NeUl-.Adams Co., a consolidation
V. 83, p. 274, 561.
In 1906 of H. O’Neill & Co. and Adams Dry Goods Co.
STOCK.—Tiie first preferred Is exchangeable at par at holder's option
Into either com. or 2d pref. stock.
In Oct. 1904 the rights to dlvs. were
amended so that the 1st and 2nd pref. are entitled to receive I2 % extra
above 5% and 6% respectively for each 1 % the com. shall receive over 7%.
V. 79, p. 1706; V. 80, p. 118, 1915.
Stockholders Nov. 1905 subscribed
for
$2,250,000
new
1st
preferred.
V.
81,
p. 1317.
Stockholders
on April 18 1906 authorized an Increase in the 2d pref. stock from $5,000,000 to $10,ooo,000, making the total authorized stock $25,000,000 (to be
V. 82. p.
divided as called for bv the conversion of the various stocks).
807, 931; V. 83, p. 381.
DIVIDENDS.—On pref. stocks, 5 % on 1st pref. and 6 % on 2d pref. to
Oct. 1904 (Q.-J.); since to July 1905, 1 M % on 1st pref. and H % extra,
and on 2d pref. 1 14% and y8% extra, and in Oct. 1905 to Apr. 1907, incl.,
% extra on each.
V. 80, p. 118.
On common Dec. 1902 to March 1907,
1904 to June 1905, >4% each extra, and
V. 81, p. 728.
REPORT.—Report for year ending Feb. 1 1907, with bal. sheet, was in
V. 84, p. 692.
Pres., John Claflin.
Office, Church and Worth sts., N. Y.
(V. 83, p. 274. 381 561 ; V. 84, p. 510, 692.)
BARNEY & SMITH CAR CO.—Re-Incorporated in Ohio In 1906.
F
Payable,
.
AMERICAN TYPE FOUNDERS CO.—Incorporated In 1892 under laws
,
35,000,0(10 7 "in' 1900
Payable, j
and
3,500,000
4H
Mch '10-Mch HI
M &> S
9,500,000
266 ^6Xt
100
12,500,000 See text. See text.
5 g
1,0001 15,085,000
IJ
&
J Old Colony Tr Co, Boston July 1 1919
Hudson
Tr. Hoboken,N J Mch 1’07. 2 X %
100
6,092,400 See text.
Q—M
do
do
100
Apr 15’07,1
%
6.083.800 See text.1
Q—J
do
do
100
5,073,800 See text.;
Q—J
jApr 15’07,1 X %
Mch 15 1907,1%
100
2,000,000-See text. See text.1
Mch 1 1907 2 %
100
2,500,000 8 in 1906j Q—M
J Guaranty Trust Co, N Y July 1 1936
1,000
2,000.000
5 g
J
&
100; 14,862,000
|
■!
Feb 1'07.91%
100! 14.908.000 See text.i Q—
1,000'
7,408,000
6 g
j
Q—F
Girard Trust Co, Phila
Aug 1 1998
J
&
J Harvey Flsk&Sons, N Y Jan
1 1926
1,000 10,300.000
5 g
100, 17,500,000 10 In ’06 F
A By check from Co’s office Feb 15 ’07, 4%
&
100
7.500.000 6 In 1906 i Q—M
New York Trust Co. N Y Mch 15*07,1 H %
J
&
J First Nat Bank, Brookl’n Jan
500 &c
1 1911
1,000,000
6
F
A
&
Feb. 1906 lnt. last paid |Aug 1 1948
1,000|
6.500,000:
5 g
100
^
6 g
29.501,100
1001
1905
of N. J.. V. 55, p. 625, and adv.
In 1896 the capital stock was readjusted.
V. 62, p. 682.
Bills payable Aug. 31 1906, $1,752,054. New plant, V. 77
p. 1292; V. 79, p. 1703.
Dlv. on com., April 1898 to Apr. 1907 Incl., 4 % per an.
In addition in
Jan. 1902 6 % scrip and In April 1903 3 % scrip was paid.
Dlv. on pref.
—
%
Where
When
Rate
Amount
Out st and Ing
$100 $12,557,794
100
6,557,794
1,000
5,000,000
Robert K. Smith, Charles N. Strotz, George W. Watts, Harry Welsslnger,
Peter A. B. Wldener.
Treasurer Is John M. W. Hicks.
Office, 111 Fifth
Ave., N. Y.—(V. 83, p. 1172; V. 84, p. 105. 625, 750, 805,933.)
Incl., 154% quar., and from Dec.
since to March 1907 H% extra.
Bonds—Prindpal. When Due.
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For
157
INDUSTRIAL STOCKS AND BONDS.
5 g
6
5 S
14,647,000
3,000,000
5,805,000
Q—M
M
M
A
&
&
&
By check from Co's office June 1 1906, 1 %
N Chase Nat Bank, N Y
May
S National City Bank, N YjMch
O Standard Trust Co, N Y Oct
1
1945
1
1909
1
1947
in 1906 redeemed the $1,000,000 of 6% bonds, Issued $2,000,000 of 5%
bonds as of July 1 and increased the com. stock from $1,000,000 to $2,000,000.
See plan V. 82, p. 695, 158, 1498.
Pref. dividends resumed Dee. 1899, 2% quar. to Mar. 1907. Incl.; 36%
In com. stock paid May 1906 for deferred dividends.
V. 82 p. 695 1042.
First dlv.
on
common
since 1893.
1%
paid Sept. 15 1906;
Dec., 1%;
1907, March, 1%.
REPORT.—Report for year ending Mch. 31 1906, V. 82, p. 1495.
Year.
Net.
Bad debts, &c. Interest.
Pref. dlv.
Bal., sur.
1905-06
n$539,264
$60,000
$200,000
$279,264
1904-05
67,245
60,000
200,000
180,332
def.146,014
a Incl. $68,026 Increase In value of Southern Pine Timber at Mllltown, Ga.
Pres., James D. Platt.
Office, Dayton, O.—(V. 83, p. 40, 381.)
BETHLEHEM
STEEL
CORPORATION.—ORGANIZATION.—Incor¬
porated In N. J. on Dec. 10 1904 as successor per plan, V. 78, p. 587, of the
U. S. Shipbuilding Co.,
Co. (see "Supp., Oct.
and acquired the entire stock of the Bethlehem Steel
1902, and V. 78, p. 227) and the entire capital stocks
following shipbuilding concerns:
Union Iron Works, San Francisco: Samuel L. Moore <fc Sons Co., Ellzabethport, N. J.: Eastern Shipbuilding Co.. New London, Conn. (V. 82.
p. 571);
Harlan <& Hollingsworth Co., Wilmington, Del.; Carteret, N. J.
Improvement Co., all “free from liens.”
See V. 82, p. 1050.
DIVIDENDS.—1 H % quar. Aug. 1905 to Aug. 1906. both Incl.; Nov.
V. 84, p. 573, 933.
54 %; 1907, Feb., *4 %: in April no dividend paid.
of the
BONDS.—The Bethlehem Steel Co.’s 1st extension 5s ($12,000,000 au¬
thorized Issue), guaranteed prln. and lnt. by the new corporation, are se¬
cured by a first lien on about 250 acres acquired at Bethlehem and the Im¬
An annual s. f. of $300 000 will begin
provements to be erected thereon.
In Nov. 1905 $8,000,000 were sold, the option on the remaining
1907.
V. 81, p. 1612; V. 82, p. 282,
July 1908.
$4,000,000 being exercised March
1050, 1499; V. 84, p. 573.
REPORT.—Report for calendar year 1905 at length in V. 82, p. 1050.
1906,
total net Income, Including subsidiary cos., after deducting
$647,193 for estimated losses, $1,364,175; bond Interest, all cos., $601,426;
In
dividend on preferred (6%), $894,480; balance, deficit, $131,161.
Total
surplus Dec. 31 1906, $593,421.
See V. 84, p. 805.
OFFICERS.—Pres., Charles M. Schwab; Vice-Pres., Archibald Johnston;
2d Vice-Pres., Henry S. Snyder; See. and Treas., B. 11. Jones; Asst. Treas.,
and Asst. See., A. T. Rush.
Office, 100 Broadway, N. Y.
DIRECTORS.—C. M. Schwab (Chairman), George R. Sheldon, Pliny
Fisk, Archibald Johnston, C. W. Wetmore and Oliver Wren, Allan A. Ryan,
Wm. M. Barnum and ' Henry S. Snyder.
Office 100 Broadway, N. Y.
—(V. 83, p. 820, 971, 1172; V. 84, p. 573, 805, 933.)
BORDEN’S CONDENSED MILK CO.—ORGANIZATION.—Incorpor¬
ated in N. J. on April 24 1899.
V. 68, p. 821; V. 69, p. 1195; V. 74, p 97.
579; V 76 p. 656.
Pref. stock Is redeemable at 110 after 3 years from Issue
(If less than the whole to he paid, the number o' shares t,o be drawn by lot).
Dividends on pref. to March 1907, Incl., 6% yearly (Q.-M.). On common
In 1902, 8%; 1903, 8%; and hi Dec. 1 h; % extra; 190 1 to 1906 incl.. 8%
(F. & A.), and in Dec., 2% extra; 1907, Feb., 4%.
No bonds.
Pres.. William J Roirers- V P
S. Frener-c Taylor: Treas., F. D. ShoveSec.. Walter M. Gladding, 108 Hudson St., N. Y.—(V. 80, p. 873.)
BROOKLYN BOROUGH GAS CO —V. 81 , p. 1102.
.
,
FERRY.—ORGANIZATION.—Owns ferries from Roose¬
23d St. and 42d St., N. Y., to Broadway. Brooklyn,
N. Y. to Grand St. Brooklyn; also leases Tenth &
Twenty-third St. Ferry for 99 vears from Dec. 1898 at 5% on $550,000
bonds and 5% on $1,000,000 stock.
V. 67, p. 1206. Statement to N. Y.
Stock Exchange, V. 69. p. 1102.
Mtge. covers real estate In Brooklyn and
N. Y. and 16 steel boats.
The Interest on the first consols, due Aug. 1906
was defaulted.
On Oct. 16 1906 Jos. J. O’Donohue Jr. was appointed re¬
On Dec. 4 1906 foreclosure sale was ordered.
V. 83. p. 1413.
ceiver.
COMMITTEE.— A committee, Charles T. Barney, Chairman, H. M. De
Lanole. Secretary (Knickerbocker Trust Co., N. Y., depositary), requested
deposits of first consols.
Over $6,200,000 has been deposited. V. 83, p.
271, 1100, 1413.
Stock auth., $7,500,000; Issued, $6,500,000; par, $100.
Report for calendar year 1903, V. 78, p. 1277, showed, gross, $1,420,495; net, $612,422; interest on bonds, $385,000; rentals, $77,500; bal.,
sur., $149,922. — (V. 83. p. 274,892, 971,1 100. 1413, 1472.)
BROOKLYN UNION GAS.—Incorporated In N. Y. State Sept. 9 1895.
per plan V. 61, p. 831, and V. 62. p. 1141; V. 64, p. 887; V. 80. p. 1854.
Suit to test validity of 80-cent gas law, V. 82, p. 1042, 1103, 1214.
STOCK, &c.—Stock was authorized Dec. 30 1903 to be Increased from
$15,000,000 to $20,000,000 for extensions and Improvements. The deben¬
tures are convertible Into stock at par after Mch. 1 1907.
V. 77, p. 2341;
V. 78. p. 289.
Assets and liabilities Oct. 1 1905, V. 82, p. 931.)
1901-1903.
1906.
DIVIDENDS.—1 1896-1900.
1904. 1905.
Per cent.
1 6 yearly.
8 t<j
8 yearly.
9>£
Mch., 2; June, 1
No dividend paid since to March 1907.
V. 83, p. 274, 1231.
BONDS.—Mortgage of 1895 Is for $15,000,000 ot bonds, subject to:
Interest.
Bonds.
Outstanding.
Maturity.
Citizens’Gas con. M
5%F.&A.
Feb. 1 1940
$266,000
Union Gas L. eon M
5%J.&J.
87 000
Jan. 1 1920
REPORT.—Report for year ending Dec. 31 1904 In V. 80, p. 1853.
Office, 180 Remsen St.,
Pres., James Jourdan: Treas., E. R. Chapman.
Brooklyn. N. Y. — (V. 83, p. 274. 1231.)
BRUNSWICK (GA.) DOCK & CITY I M PRO VE ME NT CO.—Successor to
Brunswick Co. per plan In V. 65, p. 326; see also V. 66, p. 1034. Official
statement showing properties, &c., and balance sheet Meh. 31 1905, V. 81,
p. 612.
Stock, $5,000,000.
In Dec. 1905 control was changed. V. 81, p.
1794.
Pres., Howel H. Barnes: V.-P., John A. L. Campbell; Sec. and
Treas., A. G. Kraetzer Jr., 20 Broad St.. N. Y.—(V. 81, p. 612, 1794.)
BUFFALO GAS.—Organized In Oet. 1899 and consolidated the Buffalo
City Gas Co. and Buffalo Gas Light Co.
See listing, Yr. 77, p. 34. Stock,
common. $7,000,000; pref., 6% non-cum., $2,000,000, of which SI ,713,000
outstanding: par, $100.
In Jan. 1907 United Gas Improvement Interests
acquired $1,444,000 pref. and $1,630,650 common stock. See V. 84, p. 273.
Report for year end¬
Oet. 1 to Feb. 28 1907. 5 months, net, $163,813.
ing Sept. 30 1906 111 V. 83, p. 1467, showed, net, $318,676; lnt on bonds,
$290,250; bal., sur.. $28,426.
A. C. Humphreys, 31 Nassau St., Pres.—
V. 82, p. 989; V. 83, p. 494, 1413, 1467; V. 84, p. 273.
BUFFALO & SUSQUEHANNA IRON COMPANY.-—(See Map.)— OR¬
GANIZATION.—Incorporated In New York May 14 1902 and owns 50 acres
on Buffalo Harbor. South Buffalo, N. Y., on which has been built a plant
with two blast furnaces having a capacity of about 700 tons of pig Iron dally.
One furnace operated since Sept. 1904; second furnace since July 1905.
Leases for 50 years ore lands In Mesaba range, near Hlbblng, Minn., and In
Menominee range at Iron Mountain, Mich., and coal lands at Tyler and
Sykesvllle, Pa.. In the well known Reynoldsvllle basin.
Affiliated with the
BROOKLYN
velt St., Grand St.,
and from Grand St.
INTEREST OR DIVIDENDS.
MISCELL A NEO US.
For
explanation of column headings, &c., see notes on
first page of tables.
Buffalo & Susquehanna Iron—Stock $1,000,000
First mortgage $3,000,000 gold redeem (text)
N.c*&r;
Debentures $1,500,000 gold red 105 after Sept 1910. K.c* &r.
Bush Terminal Co—Common stock $7,000,000
j
Preferred 5 % non-cumulatlve $1,000,000
i
First M $3,500,000 (V 76 p 974) conv s f begin 1907._ K.c*,
First consolidated mortgage $10,000,000
Butte Coalition Mining—Stock $15,000,000 (V 84, p 452)
j
Butte Electric & Power—Common stock $5,000,000 auth
,
Preferred stock 5% cumulative $1,000,000
;
First mortgage gold s f due part yearly June 1
L'sm.c*:
Montana Power Transmission $750,000 g guar p&i red (text)'
Madison River Power 1st M $5,000,000 g guar p&l red (text)
Butterick Co—Stock $12,001),000 (bonds see text)
__ J
Calumet & Hecla Mining—Stock $2,500,000
Cambria Iron—Stock (4 % guaranteed)
Cambria Steel—Stock $50,000,000
!
Celluloid Co—Stock $6,000,000 authorized
j
Central Fireworks—Common stock $1,750,000
Preferred stock 7% cumulative $1,750,000
J
Central Foundry—Common stock $7,000,000
Preferred stock 7 % cumulative $7,000,000
Debentures $4,000,000 gold redeemable at 105
Central Leather Co—Common stock $40,000,000
Preferred 7 % cumulative $40,000,000 (also as to assets)
1
First lien gold bonds $45,000,000
1
TJ S Leather deb gold sink fund 4 % subject to call at 110.Ce
Central & South American Telegraph—Stock $8,000,000
'
Buffalo & Susquehanna Ry., with terminals adjoining.
under “Railroads”: also V. 74. p. 1040, 1092; V. 75, p.
V. 78. p. 770; V. 79. p. 1463. 2061. 2091-2.
Stock,
dividend, 15%, paid June 1906.
V. 82, p. 1214.
Date
Size, or
of
Par
Value.
Bonds
1902
1905
1901
1903
1905
500
&c
1,000.
100
50!
50!
100'
100i
1001
1,000
100;
1899
100
1905
1893
l.OOOi
100
See that company
795; V. 76. p. 596;
$1,000,000.
First
DIVIDEXDS.—On prer.. 1 H % paid Feb. 1902 to May 1907, incl., 5%
being declared payable during 1906.
On com., 1 \4 % paid seml-ann. Mch.
15 1903 to Sept. 15 1905; Dec. 15 1905, 1%; In 1906, to Sept., 1% quar.
Dec., 1 H%; 1907, Mch.. 1 H%.
BOXDS.—Additional 1st 5s of 1901 may be Issued for 75% of cost of
extensions and Improvements.
Of the bonds $25,000 mature yearly to
1930, incl., $320,000 in 1931,and balance, including further amounts Issu¬
able, will mature in 1951.
V. 80, p. 713; V. 73. p. 139; V. 82, p. 1441.
Madison River guaranteed 5s are subject to call at 105 after Feb. 1 1907.
The unissued bonds are reserved for 80% of actual cost of extensions and
Improvements.
V. 81, p. 615, 1045; V. 84. p. 511.
Montana Power
Transmission guaranteed bonds may be called at 105 Aug. 1 1908.
V. 81,
615;V. 69, p. 1251.
EARXIXGS.—For 10
months ending Oct. 31 1906^ gross, $783,888,
against $615,667 In 1905; net, $367,966, against $325,486; Interest and
sinking fund charges, $184,111; balance, surplus, $183,855.
Pres., C. W. Wetmore; Sec. and Treas., P. E. Bisland.
X. Y. office, 30
Broad St.—(V. 82, p. 394,572, 1441; V. 83. p. 1413; V. 84, p. 934.)
BUTTERICK CO.—ORGAXIZATIOX.—Incorporated in X. Y. on Jan.
Owns stocks of various
cos. publishing fashion magazines, manu¬
Sec official statement in V. 75, p. 237. Stock
Dlv., 1 % quar., paid Sept. 1902 to Mch. ’07,
both Incl.
Underlying bonds, $1,200,000 Federal Pub. Co. collat. 6s due
1920. pay-able 10% yrearly, beginning 1910, of which $600,000 lias been re¬
tired, and $600,000 Butterick Pub. Co. 4 1\<i % real estate mtge., maturing
Sept. 7 1909.
V. 79, p. 1706.
Report for calendar yrear 1905 In V. 82, p.
1267, showed gross profits of operating cos., $702,112; net prollts over
reserve, &c., $555,419; dividend, $480,000; bal., sur., $75,419.
Pres.,
G. W. Wilder; Treas., C. I). Wilder; Sec., Ben Wood. Butterick Bldg.,
Spring and Macdougal Sts., Xew York City*.—(V\ 82, p. 1158, 1267.)
CALUMET & HECLA M1NI N G.—Stock, $2,500,000; par, $25. Controls
La Salle Copper Co.. a consolidation Jan. 1907, with $10,000,000 authorized
stock.
V. 84, p. 223.
Also acquired early in 1907 a large interest in the
Allouez, Centennial Copper and Osceola Consolidated Mining companies.
V. 84, p. 452.
Litigation as to Osceola pending April 1907.
DIVIDEXDS.—j’97. ’98. ’99. ’00. ’01. '02. ’03. ’04. ’05. ’06.
1907.
Per cent
___\160 200 400 280 180 1O0 140 160 200 280 Mch., 80
In 1905-06 produced 50,526 tons of relined copper, against 42,822 in
1904-05.
Report for year ending April 30 1906 In V. 83, p. 209.—(V. 81,
p. 267, 504, 670, 1552; V. 83, p. 209, 438; V. 84, p. 223, 452.)
CAMBRIA STEEL CO.—Incorporated in Pennsylvania in Xov. 1898, per
plan In V. 67, p. 688, leasing Cambria Iron Co. for 999 years at 4 % on its
$8,468,000 stock.
V. 68, p. 128; V. 75, p. 443; V. 76, p. 862; V. 78, p.
1166.
Proposed improvements, V. 82, p. 1499.
In June 1901 a controlling Interest was acquired by’ Penn. RR. and
affiliated roads.
V. 72, p. 1282, 1190; V. 73, p. 84, 393.
DIVIDEXDS.—Since reorg.: 1902 to Feb. 1907, incl., 3% yearly.
Report for year ending Dec. 31 1906, with balance sheet, was in V. 84, p.
689, showing net, $4,897,704; other income, $510,971; charges, $444,672;
dividends (3%), $1,350,000; betterments, improvements and depreciation
funds, $3,550,000; bal., sur., $64,003.
Office, Arcade-Bldg., Philadelphia.
Directors. V. 73. p. 339, 844.—(V. 84, p. 161, 689, 934.)
CELLULOID COMPANY.—ORGANIZATIOX.—Incorporated Xov. 28
1890 In New Jersey-.
Stock, $6,000,000; issued, $5,925,000; par, $100.
facturing paper patterns, &c.
$12,000,000, all outstanding.
DIVIDENDS
Percent
—
I’96. ’97.
’98. ’99. ’00. ’01. ’02 to ’06.
]4H
4
4
6
7
7
8 yearly.
Amount
1907.
Incl. Apr., 5
|
Rate
;
-
OutstandingI
1,000
STOCK.—Common stock was Increased Feb. 1906 from $2,000,000 to
$5,000,000, of the new stock $1,000,000 being taken by’ stockholders to pur¬
chase electric railway and lighting plants in Mont.
V. 82, p. 394.572, 1441.
15 1902.
|—
$100 $1,000,000
1,000
3,000,000
1,000:
1,500,000
1001
3,500,000
100
1,500,000
1,000
3,417,000
1,000
4,800,000
15' 15,000,000
100'
3,000,000
1902
1906
Application to list, showing properties owned, balance sheet April 30
1906, &c., was in V. 83, p. 101.
BOX DS.—The $3,000,000 1st mortgage gold 5s of 1902 (X. Y. Trust
Co., trustee) arc due June 1 1932 but are subject to call as an entire issue
at 107 Yi and interest on any interest day after Dec. 1 1907; they are
also redeemable at par for the sinking fund in the order of their numbers,
beginning at the lowest number, at the rate of $100,000 yearly from June 1
1907 to June 1 1931, both Inclusive.
An authorized issue of $1,500,000 (all
outstanding) 20 year 5% debentures sold to Fisk & Robinson Jan. 1 1906,
proceeds of sale for purchase of additional ore properties and additional
working capital.
The debent\ircs are to be secured by any future mtge.
placed on the property.
See V. 82, p. 220.
EARXIXGS.—For 9 months ending Jan. 31 1907, net, $530,142; Interest
on bonds, $160,420; balance, surplus, $369,722.
Directors—Wm. A. Rogers (Pres.), F. H. Goodyear (1st V.-P.). C. W.
Goodyear (2nd V.-P.), Hugh Kennedy (Gen. Man.) and S. M. Clement.
Sec. and Treas., H. D. Carson.—(V. 82, p. 220, 1214; V. 83, p. 98, 100.)
BUSH
TERMINAL COMP AN Y.—ORGAXIZATIOX, &c.—Incorpor¬
ated in Xew York on Feb. 14 1902 (V. 74. p. 477).
Owns extensive termi¬
nals on the water front. 40th to 51st streets, Brooklyn, covering city blocks,
6 piers, each M mile in length, a large number of warehouses, railroad
tracks, &c.; also real estate covering 9 blocks between 28th and 37th Sts.,
to be improved with factories and other buildings.
See statement V. 76, p.
974,1032; V. 77, p. 1227; V. 79, p. 1956; V. 82, p. 1039.
SECURITIES.—Stock authorized, $7,000,000 common (par of shares
$100 each), of which $3,500.000 Is outstanding, the balance being reserved
for the conversion of 1st 4s of 1902 at option of the holders, dollar for dollar,
on or before Jan. 1 1910.
Dlv. on pref., 5%, paid Feb. 1906.
Of the 50-year consol. 5s, $1,500,000 was Issued In part payment for the
Bush Co., Ltd., $4,459,000 Is reserved to retire the 1st 4s of 1902, a $300,000
mtge. on the Bush Co. property and a $700,000 real estate mtge., the
latter covering 9 blocks between 28th and 37th streets, and $4,041,000 was
applicable for general purposes, of which $3,300,000 has been Issued.
V. 79,
p.|1956; V. 80, p. 999, 1005, 1177; V. 81, p. 1243.
REPORT for year ending Dec. 31 1905 In V. 82, p. 927.
In 1906, gross,
$885,025; net, $507,777; charges, $415,722; dividend on preferred (5%),
$75,000; balance, surplus, $17,055.
Pres., Irving T. Bush; Vice-Pres.,
C. J. Lawrence; Treas., R. Gould Slmonds; Sec., H. W. Greene.
Office,
100 Broad St., X. Y.—(V. 84, p. 805.)
BUTTE ELECTRIC & POWER CO.—ORGAXIZATIOX.—Incorporated
In X. J. In 1901 as a consolidation of the light and power companies In Butte,
Mont., and vicinity.
V. 72, p. 1190; V. 73, p. 139; V. 81. p. 615; 1045;
V. 82, p. 394, 1441.
Controlled by Xorth American Co., General Electric
parties being also Interested.
p.
[VOL. I,XXXIV,
INDUSTRIAL STOCKS AND BONDS.
158
%
When.
|
i
Where
and
by
Stocks—I.ast
Dividend.
Whom.
Payable.
Qpp
Payable
Bonds—Princi¬
pal, When Due,
June 15 ’06 15 %
June 1 1932
Jan
1 1926
fprt
See text.
J
&
D Fisk & Robinson, X Y
5 g
S;
do
do
5 g
IM &
i
Feb 1906, 5%
5 In 1906:
4g
iA & O Knickerbocker TrCo.N Y April 1 1952
Jan
1 1955
5 g
Title
Guar
&
Tr
Co, N Y
»J
&
J
Mch 19 ’07, 50c
Checks mailed
See text.: Q—M
Mch 15 ’07,1 a
See text. Q—M 15 Checks mailed
do
May 1 ’07,1 H %
5 g
2,260,000
jJ & D U S Mort & Tr Co. N Y June 1 ’07-’51
5 g
Aug 1 1933
! F & A 30 Broad Street, N Y
600,000
Feb
1 1935
5 g
1,425,000:
F & A 30 Broad Street,-X Y
Mch .1907, 1 %
—M
Checks
mailed
12,000,000 4 in 1906; Q
Mch 22 ’07 80%
2,500,000 280 in’06; Q—M '
April 1 '07, 2%
8,468,000 4 in 1906!A
& O! Checks mailed
Feb 15 ’07, 75c
do
45,000,000 3 In 1906 F
& A|
Office, 30 Wash PI, X Y April 1 ’07,1 )-2 %
Q—J
5,925,000 8 in 1906;
Mch 1907, K*%
1,406,800.See text.; See text Checks mailed
Mch ’07. 3 H> %
do
£
1,267.200 7 in 1906 M &
6,650,000
!
6,650,000
3,863,000
6g
M & N< Baring,Magoun&Co,N Y May 1 1919
38.378.900
Q—J
Checks mailed
;Apr 1 ’07, 1 ;14 %
30.878.900 7 in 1906:
O,Central Trust Co, X Y
5 g
A
&
April 1 1925
34.382,000,
6
M
&
N
Park
g
!
Bk, X Y & Boston May 1 1913
5,080,000
71725^600 6 in 1906
Q—J lOffice, 66 B’way, X Y
Apr 9 *07, 1 * > %
_
.
Factories at Newark, X. J.; office, 30 to 36 Washington Place, X. Y.
Pres., M. C. LelTerts; V.-P., L. E. Leiferts; 2d V.-P., D. G. Maynard; Treas.,
F. R. Lefferts; Sec., J. R. Halsey-.—(V. 82, p. 754.)
CENTRAL FIREWORKS CO.—ORGANIZATION.—Incorporated
in
New Jersey June 1896.
Properties controlled, see V. 72. p. 341. Divs. on
2% yearly paid Aug. 1900 to Aug. 1903, both incl. (F.&A.); in
1904, Sept., 4 %; In 1905, Mch., 1 %, Sept., 1 %; in 1906, Mch., 4 %, Sept,.
1 %; in
1907, Mch., 4 %.
On pref., 7% yearly to Mch. 1907 (M. & S.).
There are no bonds.
Pres., Wrm. A. Turner; Sec. and Treas., Geo. 1. Eg¬
bert.
Office, 9 and 11 Park Place, X. Y—(V. 78, p. 1500; V. 82, p. 989.)
CENTRAL FOUNDRY.—Incorporated In Xew Jersey on July 11 189 9
and acquired manufactories of soil pipe said to control 95 % of trade in the
u. s.; V. 69, p. 178; V. 71. p. 1222; V. 81, p. 779; V. 83, p. 489.
StO'-k,
see table above.
Report for year ending June 30 1906 was in V. 83. p. 433,
489, showing: Prollts, $493,769; bond interest, $231,780; equipment, &c.,
$36,095; depreciation, $225,894; bal., none.
Directors, Aug.. 1906, V. 79,
p. 905; V. 81, p. 779; V. 83, p. 438.
Pres., A. F. Gartz; Sec. and Treas.,
W. L. Rogers.
Office, 116 Nassau St., X. Y.—(V. 84, p. 161.)
CENTRAL LEATHER CO.—ORGAXIZATIOX.—Incorporated in Xew
Jersey on April 12 1905 as a reorganization, per plan V. 79, p. 2751 , of the
U. S. Leather Co. (V. 56, p. 757; V. 57, p. 23; V. 71, p. 817; V. 81, p. 213,
The old U. S. Leather preferred
560, 1176, 1852.)
Output, sole leather.
common.,
$100 received in new securities $50 bonds, $50 preferred and $23 50
In Jan.
of the $62,882,300 common and $57,518,000 of the $62,282,300 U. S. Leather pref. stock (6% dividends paid on latter) had been
acquired.
Statement to X. Y. Stock Exchange, showing properties ac¬
quired, rights of stock, &c., V. 81, p. 504; V. 82, p. 159.
The stockholders voted Jan. 16 1907 to take over the assets of the U. S.
Leather Co. by merger, the securities of the latter unexchanged to receive
the same treatment as under the said reorganization plan.
Suits to pre¬
vent merger, V. 84, p. 105 161.
STOCK AND BOXDS.—Stock authorized, $40,000,000 each of common
and 7% cum. pref.; par, $100.
Of the securities, $13,858,850 bonds, $8,858,850 pref. and $298,969 common stock were reserved to retire the old
debentures and for additional properties, working capital. &c.
The new
bonds will be secured by a 1st mtge. on all the assets and lands acquired
and, pending their physical acquisition, by the shares of the old company
(over 95 % acquired) and all the stock and bonds of Its subslldarles, includ¬
ing the $9,000,000 1st mtge. 5 % 15-year sinking fund gold bonds and $10,000,000 stock of the Central Pennsylvania Lumber Co. (authorized amount
$20,000,000).
V. 76. p. 1196; V. 78. p. 50; V. 81, p. 1176.
Debentures have sinking fund 4 % of issue yearly, and are purchased or
drawn at 110; $9,653,000 have been certitied, but on Dec. 31 1906 only’
$5,080,000 outstanding.
V. 74, p. 732.
See advertisement In “Chronicle*
of May 6 1893 and application In V. 57. p. 23.
DIVIDENDS.—Oct. 1905 to Apr. 1907, both Incl., 1 % % quarterly.
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for year ending
Dec. 31 1906, with balance sheet and balance sheet of U. S. Leather Co.,
was In V. 84, p. 505, showing: Total Income, $4,301,081; expenses, interest,
&c., $2,017,467; dividends (6%), $2,126,316; balance, surplus, $157,298.
Report of old company for 1904 was in V. 80, p. 870; V. 81, p. 208, showing:
Yr.—
\dmin.exp. Taxes,&c.
Allint.
Receipts.
Pref.div. Bal., sur.
1904 ..$4,928,862
$416,552
$174,021
$497,045 $3,733,938 $107,306
1903
4,830.834
394,095
146,870
497,794
3,738,938
58.137
DIRECTORS.—Edward C. Hoyt, A. Augustus Healy, Waiter G. Garrltt,
P. A. Valentine, Nathan Allen, Eugene
Horton, Samuel P. Davldge, J.
Ogden Armour, John J. Lapham, Paul M. Warburg, Lewis H. Lapharo.
Frank Healy, L. C. Krauthoff, Geo. W. Childs, Charles Wallen, Henry P.
OFFICERS.—Pres., E. C. Hoyt; Sec., H.
Darlington, C. Sumner Horton.
W. Hill; Treas., James R. Plum.
N. Y. offices, 52 William and 26 Ferry
Sts.—(V. 82, p. 159, 507; V. 83. p. 1592; V. 84, p. 105, 161, 505.)
stock per
common
stock, and the old common $30 In new common stock.
1907 $61,482,800
,
..
CENTRAL
&
SOUTH
AMERICAN TELEGRAPH.—Owns cable from
Vera Cruz, Mex., to Valparaiso, Chili, 4,750 miles, and land lines 350 miles,
&c.
Also the Trans-Andlne telegraph lines, 1,200 lines.
Connects at Vera
Cruz with Mexican Telegraph Co., and owns an Interest In cable and dupli¬
between Galveston and Coatzacoalcos. 825 miles. &c.
DIVIDENDS.—
’86.
’87.
’88 96.
’97.
1898 to Apr.’07
I ’85.
Per cent
J
4
4
6
7 yearly. 6 H
6 yearly (Q-J)
In 1890 20% In stock.
EARXIXGS.—For 3~months ending March 31 (partly estimated):
Total Inc. Net Inc.
Dividends.
3 rnos.—
Bal.,Sur.
Total Sur.
1907 (est.)
-$412 500 $287,500 (1 4 %>$115.884 $171,616 $2,042,066
1906 (est.)
348,000
239,000 (1?^%) 115,884
123,116
1,517,993
Report for year ending Dec. 31 1906 was in V. 84, p. 801, showing gross
earnings, $1,475,507; net. $994,143; dividends (6%). $463,536; renewals,
cate cable
$55,034; bal., sur., $475,573.
Office, 66 B’way.—(V. 84, p. 801, 805.)
CENTRAL UNION TELEPHONE (CHIC AGO) .—The company controls
tHe Bell telephone business in Indiana. In Ohio with the exception of Cleve¬
land and Cincinnati, and in Illinois excepting Cook and four other counties.
Subscribers Jan. 1907. 230,268.
Y\ 82. p. 630.
Stock outstanding Dec. 31
1905, $5,450,927, of which $4,183,900 owned by- Amer. Telepli. & Telegraph
V. 73, p.901.
Co.
See V. 72, p. 1190; V. 73, p. 618; V. 81, p. 213.
Sub¬
licensees, V. 82. p. 1375; V. 83, p. 98.
Of the $6,000,000 10-20-y’ear gold consol. 5s due Jan. 1 1919 (Old Colony
Trust Co of Boston, trustee), $2,500,000 are reserved for 1st 6s, subject
to call at 105 after July’ 1 1906 (Ill. Trust & Savings Bank, trustee).
V. 73
p. 446; V. 68. p. 379, 472, 570; V. 71, p. 86.
Business in 1905, V. 82,
p.
630.
Report for 1903 In V. 78,
p.
341.
Pres., L. G.
Richardson
Office, Majestic Bldg., Indianapolis. — (V. 82, p. 630; 1375; V. 83, p. 98.)
CHESAPEAKE & DELAWARE CANAL.—Owns canal from Delaware
City- to Chesapeake City-, Md.
In June 1893 bondholders were asked to ac¬
cept 4% Interest (in place of 5%) until contingent fund, reduced to $49,613,
should again amount to $100,000.
In 1907 the United States Commission
recommended purchase of canal for $2,514,290.
V. 84. p. 392; V. 83
p. 92.
Bonds, $2,602,950 (extended in 1886); due July 1 1916; interest
Interest Is pay-able at the office In Philadelphia.
J. & J.
Report for
year ending May 31 1906 in V. 83, p. 92, showed: Gross receipts, $179,383;
maintenance of canal, $65,779; net, $113,604; interest charges, $104,118;
Stock, $1,903,238; par. $50.
surplus, carried to contingent fund, $9,486.
Pres., Coleman 1,. Nicholson.
Office, 528 Walnut St., Philadelphia.—(V.
83, p. 92, 494. 1100; V. 84. p. 392.)
CHESAPEAKE & OHIO CANAL.—"Supp.” 1890; V. 81, p, 268.
CHICAGO EDISON CO.—ORGANIZATION.—Controls Edison
for electric lighting in Cook Co., Ill., under perpetual license.
The
patents
Chicago
bonds being guar¬
anteed, principal and Interest, and Interest on $33,000 5%.
See Common¬
Sectional Underground Co. is leased, its $227,000 4%
wealth Electric Co.
below.
Heron
Bay
MAP SHOWING
White River
PROPERTIES OF THE
BUFFALO & SUSQUEHANNA IRON
COMPANY.
Vermillion tale
FURNACES, ORE, COAL & COKE.
HIBBING
^ Sudbui
jftON ORE/
1BAS5OTN9DCSK.
INDUSTRAL
GENERAL PLAN
OF THE FURNACE PLANT OF THE
BUFFALO & SUSQUEHANNA IRON CO.
AND OF "‘HE PROPOSED
BUFFALO TERMINALS OF THE
BUFFALO & SUSQUEHANNA RY. CO.
1907.]
LACKAWANNA. STEEL C®,
100
INDUSTRIAL STOCKS AND BONDS.
MISCELL A NEO US.
For explanation of
INTEREST OR DIVIDENDS.
Date
column headings,
first page of tables.
[VOL.
&c.,
see
notes
Size,
of
on
Bonds
Chicago Edison—Stock J15.000.000
!
1
First mortgage $6,000,000 gold red par after 1910
Debentures redeemable at par
1896
1898
Debentures $5,000,000 gold red 101
IC
1907
Chicago Junction Rys & Onion Stock Yards—Common stock
Preferred 0 % cumulative preferred also as to assets
Collateral trust gold $ or £
Ce.c*
1890
Mortgage and coll trust ref gold bonds $14,000,000__S.c*&r 1900
Chicago Pneumatic Tool Co—Stock $7,500,000
First mortgage gold redeemable (see text).
1901
Clafiin (H B) Company—Common stock
First preferred 5 % gold cumulative, -f preferred as to
prim]
Second preferred 6 % cumulative
(pal and dividends./!
Colorado Fuel & Iron—Common stock $44,200,000 auth
;
Preferred stock 8% cumulative $2,000,000
!
Debentures redeemable at 105
IC.c*&r
1901
Colorado Fuel Co’s general mortgage gold s f red 110_Mp.c*
1889
Col Fuel & Iron gen M ($6,000,000) g s f red 105..Ce,c*&r 1893
Col Indus tlrst M gold ser A & B guar p & 1 call 105_ N.c* &rl 1904
Bonds of Properties Controlled.
Grand River Coal & Coke 1st M gold ($125,000 guar).Ce.c*
1889
Colorado Coal & Iron Devel 1st M gold red 105__Ce.c*&r 1889
Rocky Mountain Coal & Iron first mortgage gold guar__K 1901
Col & Hock C & I—Comstock $7,000,000 (also
$18,600 5 % pf) |
Preferred
■
stock 6 % non-cumulatlve $500,000
First mortgage gold (old 6s Interest reduced)
Ce.c*
Coll tr pur money & M bonds $1,000,000 g s f red 110. _Ba_c
Commercial Cable Co 1st M (Inc deb stk) $20,000,000
g.F.C&r
1887
1906
1897
or
Par
Value.
Amount
Rate
Outstanding
%
When
Where
Payable.
,
Payable,
arid
LXXXIV.
Bonds—Princt—'pal, When Due.
by
Stocks—Last
Whom.
Dividend.
$100 $13 614,115 8 In 1906
Checks mailed
Q—F
May 1 ’07, 2%
5 g
1,000
000.000
A & O Merchants’ L & Tr Co, Cb July 1 1926
6 g
1,000
.483,000
J
&
J
do
do
Jan
1 1913
5 g
1,000
,000,000
M &
S Chicago, Ill
Mch 1 1910
100
In
1906
.500,000 8
Q—J
Office, 25 Broad St, N Y Apr 1907, 2%
100!
,500,000 6 In 1906
do
do
Q—J
Apr ’07 1 4 %
1,000
5 g
,000,000
J
&
J Central Tr. N Y; & Lond July 1 1915
4 g
,000 &c
,000,000
A
& O Standard Trust Co, N Y April 1 1940
100
6,108,800 4 In 1906
Q—J
Checks mailed
'Apr 25 ’07.1%
1,000!
5 g
2,007,000
J
&
J Nat City Bank, N Y
Dec 31 1921
100
In
1906
3,829,100 8
Q—J '
Checks mailed
Apr 15 ’07. 2%
100
In
5
1906
2,600,300
Q—F
do
do
May 1’07. 1 4 %
100
2,570.600 6 In 1906
do
Q—F
do
iMay 1 ’07.14 %
100- 34.235,500
100'
2,000,000
>
Feb 20 1903
5 g
F
&
A See text.
1.000;
1,008,000
Aug 1 1911
1.000.
6 g
M
&
480,000
N Metropolitan Tr Co, N Y May 1 1919
5 £
1,000
F
A
A Chase National Bank,NY Feb
5,351,000
1 1943
1,000 34,031,000
F
5 g
A
A New YTork Trust Co, N Y Aug 1 1934
1199004534--65
1,000
1,000
1,000
100
i
.
.
907,000
666,000
647,000
6,920,000
200,000
1,000
754,000
1.0001
400,000
$ & £
6 g
5 g
5 g
A
J
M
&
&
A
5 g
6 g
4 g
J
J
&
A
O Knickerbocker Tr Co,NY April 1
J Central Trust Co, N Y
July 1
N Knickerbocker Tr Co,NY May 1
1919
1909
1951
.
_
20,000,000
J Central Trust Co, N Y
1 1917
Jan
J 1st coup (3 mos) Jan ’07 Oct 1 1956
F L & T Co & Office N Y Jan
Q— J
1 2397
'
031,000 of the $14,067,000 debentures of 1901 and entire Issues of securities
of subsidiary cos. named, viz., $4,500,000 bonds and
$100,000 stock of
Col. & Wyo. Ry.; $3,000,000 Rocky Mtn. Coal A Iron stock and
$331,200
stock and $160,000 notes of Crystal Rlv. Ry.
The unissued bonds are ap¬
plicable as follows:
Series “A” (limited to $14,067,000), $1,036,000 to
take up unexchanged convertible debentures; Series “B” (limited to
$30,932,000), $6,000,000 to retire gen. mtge. 5s of 1893.
V. 80, p. 1481. 1726;
V. 83, p. 381, 326.
In 1906 $2,000,000 treasury common stock and
$4,000,000 Colorado Industrial Ser. “B” bonds were sold, being mostly
subscribed by a syndicate.
V. 83. p. 377.
For 5 % convert, debent, of 1901 see V. 72,
p. 990, and plan above.
Application for listing gen. mtge. bonds was In V. 62, p. 461.
EARNINGS.—For 4 mos. ending Oct. 31 1906, gross, $7,442,298; net,
$768,428; other Income. $120.847; charges, $750,705; bal., sur., $138,570.
REPORT.— Report for 1905-06 In V. 83, p. 377, Including in both
years
properties owned by Col. Ind. Co.
Year—
Gross.
1905-06
$4,744,823
1904-05
4,051,082
Pres., Samuel Insull:
Year ending June 30—
1905.
Fuel department
$9,073,656
Iron and steel dep’ts
9.171,203
Retail department, Ac-.
370,158
!
!
In
1907
Interests
Identified
with
the
Chicago Subway Co. were
negotiating for the control or lease of the property with a view to obtaining
power for the subway, possibly through the medium of a holding company,
which it was said would guarantee dividends on a
sliding scale in considera¬
tion of an option to nurchase the stock.
V. 83, p. 1038.
STOCK.—Stockholders In Mch. 1906 subscribed for$l 775,395 new stock
at par. raising amount outstanding to
$13,614,115.
V. 82, p. 511.
DEBENTURES.—In 1907 $5,000,000 5% debentures were sold, se-1
cured by an agreement with the Commonwealth Electric Co.
providing that,
at or before maturity, It will consolidate with tlie
Edison Co. or purchase the ,
property and assume the debentures, or upon default assume payment
of
principal and Interest.
Neither company can Issue a mortgage while the
debentures are outstanding.
V. 84. p. 695, 627,
DIVIDENDS.—1889 to May 1907, Incl., 8% per annum (Q.-F.).
REPORT.—Report for year ending Mch. 31 was In V. 83, p. 33. For ;
11 mos. ending Feb. 28 1907, Increase in
gross earnings over same mos. j
in
previous
year was
8.7%.
Net.
Charges.
Dividends.
Bal.,sur.
$463,976
(8%)$887,556
$198,493
1,423,613
460,232
(8%) 789,262
274,119
See. and Treas., William A. Fox.
Office, 139
Adams St., Chicago.—(V. 82, p. 1499; V.
83, p. 33, 1038; V. 84, p. 452,695.)
$1,550,025
CHICAGO JUNCTION
RAILWAYS &
UNION
STOCK
YARDS—OR¬
GANIZATION.— Incorporated In 1890 In New Jersey, and
purchased 98%
of the stock of Union Stock Yards & Transit Co. of
Chicago. Thus controls
over 450 acres of land
(with one mile of water front), containing ware¬
houses, sheds and pens to accommodate 75,000 cattle, 300,000 hogs, Ac.
See Chicago Junction Ry. In “Railroads.”
DIVIDENDS.—On pref., 6% yearly (Q.-J.).
On common. 1891. 10%;
1892 to Apr 1 1907, inclusive. 8%
yearly (Q.-J.).
V. 70, p. 328, 1038.
BONDS.—The collateral
trust
bonds
are
secured
by
pledge of
120,000 shares
of the stock of Union .Stock Yard A Transit Co.
Of the
are reserved to take up the collateral
See V. 70, p. 1251; V. 72, p. 389.
$14,000,000 4 % bonds, $10,000,000
trust 5s.
REPORT.—Report for 1906 In V. 84, p. 446.
Year ending Dec. 31 —
1906.
Dividends of U. S. Y. Co. Ac
$1,833,933
Balance previous year
1,101 ,499
General expenses, rents, Ac
51,407
Interest on bonds
660,000
Dividends
910,000
_..
_
Balance, surplus
Un. Stk. Yds. A Iiy. Co.
Gross earnings
Net earnings
...
-
$1,314,025
1906.
1905.
1905.
1904.
$1,855,795
893,679
$2,531,282
681,685
67,603
-
77,975
660,000
910,000
$1,101,499
15)04.
660,000
910,000
$893,679
1903.
__
1906.
$9,499,317
12,454,643
366,085
1905.
1906.
$929,651 $1,235,044
1 ,570,964
775,830
25,338
23,855
Total
$18,615,017 $22,320,045s $1,730,819 $2,829,863
Bal. to Inc. acct. after
deducting gen. expenses...51,474,103 $2,559,029
Other income In 1905-06, $505,700; Interest, $1,059,411;
taxes. $157,025;
rentals, sinking fund. Ac., $1,176,480; bal.. sur., $671,812.
OFFICERS.—President,
Denver, Col.
Jesse P. Wellborn: Sec., D. C. Beaman.
Office
New York office, 195 Broadway.
DIRECTORS.—Geo. J. Gould, Edwin Gould, E. T. Jeffery, Winslow S.
Pierce, Alvin W. Krech, Benjamin Nicoll, J. II. MeClement. E. W. Ogleby.a
Edwin Hawley, E. H. Harriman, Robert C.
dowry," Willard P. Ward.
Executive Committee, Geo. J. Gould. Winslow S.
Pierce, E. T. Jeffery,
Benjamin Nicoll.
(V. 83. p. 1592; V. 84, p. 161,751,931.')
COLUMBIA GAS & ELECTRIC CO.—V. 84,
p. 452, 696.
COLUMBUS & HOCKING COAL & IRON COMPAN Y.—ORGANIZATION.—Organized at Columbus, O., Jan. 26 ’83, and owns large coal and
Iron properties (13,250 acres of land) In O.
See V.44, p. 278; V. 63, p. 559.
Reorganized In 1898 without foreclosure per plan In V. 65, p. 976, interest
being reduced from 6 % to 5 %.—V. 65, p. 367, 976; V. 67,
p. 28—see end’t
on bond V. 66, p. 81.
STOCK AND BONDS.—Common, $7,000,000
(par, $100); outstanding,
$6,925,600; balance reserved to retire $18,600 remaining 5% pref. stock.
V. 72, p. 1185.
The stockholders Mch. 30 1906 authorized $500,000 of 6%
non-cum. pref. stock and $1,000,000
of 6% collat. trust and purchase money
and mtge. bonds secured by $499,500 of the
$500,000 Col. A Hock. Clay A
Brick Mfg. Co.’s stock and $1,000,000 of latter’s bonds
secured by 1st mtge.
on over 2,984 acres of land and
by a second lien on all the properties covered
by the mtge. of 1887, per plan In V. 82, p. 512.
Of the bonds, $400,000,
with $200,000 pref. stock as bonus, were sold to
pay for plant No. 1 of Clay
A Brick Co., balance to be used for two additional
plants.
V. 82, p. 931,
1103. 1266. 1441; \\ 83, p. 326.
.$5,471,866 $5,539,099 $4,944,635 $5,164,829
2,039.982
2,041,790
1,948,713
2,062,824
DIRECTORS.—Nathaniel Thayer (Pres.), F. H. Prince (V.-P.), Geo. PGardner (1st V.-P.), Gordon Abbott, E. N.
Foss, Geo. 11. Norman of Bos'
ton, Mark T. Cox of East Orange, N. ,J., and
Chas G. Dawes of Chicago; J.Kean, Elizabeth, N. J.; W. I). Guthrie, Win. C.
Lane, New York.
New
York office, 25 Broad St.—(V. 84,
DIVIDENDS on common stock, 1% Dec. 1 1902; 1903, 1
p, 446.)
March
1904, 4%; none since to Apr. 1907.
CHICAGO PNEUMATIC TOOL
V. 78, p. 2387.
CO.—ORGANIZATION.—Incorporated
In New Jersey on Dec. 28 1901, and took over
REPORT.—Report
for
year
1905-06.
V.
82.
p. 1266.
the Chicago Pneumatic Tool
Yr. to Mch. 31.
Gross.
Co., Boyer Machine Co. of Detroit, Standard Pneumatic Tool of Aurora,
Net.
Charges. Die. on com. Balance.
1905-06
Ill., Franklin Air Compressor, Ac.
$527,065
$103,828
$73,597
Owns entire £300,000 stock of Consol.
sur.$30,231
Pneumatic Tool Co. of London; V. 76,
341,997
33,322
72,822
def. 39,500
p. 379; V. 78, p. 1389; V. 80, p. 648;
V. 81, p. 33.
5
43,800
In 1904 began to manufacture electric tools. V.
148,703
76,680
sur.
569,004
3,019
80, p. 648.
lNJ
.
K nr-nmmnnnpr
In 1905 control of the Chicago
.
Pres.,
N.
L.
C.
Kachelmacher, Columbus. O.; V.-P., L. C. Lathrop; Sec.
Storage Battery and Philadelphia Pneu- j ,nd TreVs
A
naatlc tool companies was acquired;
T
ThnnZn
m’pw
v
York
also the Canadian Pneumatic Tool Co.
office, 37 Broad St.
fiirpntnrQ
was acquired and the International
or V
v 4*
mj
V. 80, p. 1.974.— (V. 83. p. 820.)
Compressed Air & Electric Co., Berlin.
m cdVi a.
n
n
™
organized.
V. 80, p. 714, 873, 1 1 14; V. 82. p. 389; V.
COMMERCIAL
CABLE
CO.—See
84, p. 389.
Mackay Companies on a subsequent
In 1906
the manufacture of rock drills was begun.
page.—(V. 84, p. 163.)
V. 81, p. 560.
DIVID’S.—1 1902 1903 1904
1905
’06
1907
COMMERCIAL
UNION
TELEGRAPH CO.—Stock. $500,000 guar. 6%
Percent
/ 6
74
Vx
Apr., 1%.-July, 1%. Oct., 1% 4 Ir.cIAp,2
(J. A J.) by Postal Telegraph Cable Co.; par of shares. $25.
BONDS.—Of the bonds ($2,500,000
authorized), $2,300,000 has been
COMMONWEALTH ELECTRIC CO.—ORGAN IZATION. —Formed In
Issued, $293,000, having been redeemed by the sinking fund;
1897 and acquired in 1898 by interests controlling Chic. Edison Co. to serve
mortgage
trustee. Lawyers’ Title Insurance A Trust Co., New York.
the suburbs of Chicago.
They arc sub¬
Franchise 50 years.
ject to call at 105 from Jan. 1 1907, or may be drawn
(Compare V. 67 p. 482:
V. 79, p. 214, 272; V. 82. p. 1441.)
by lot at same price
for a yearly sinking fund of $50,000.
V. 74. p. 208. /
Additional
(
1st M. bonds are Issuable for not
exceeding
75 % of cost of
EARNINGS.—For 3 mos. ending March 31 1907
further extensions or Improvements.
were $255,528;
V. 79, p. 214; V. 83, p. 326.
hit., depreciation, etc., $83,967; dlv. il %), $61,087;profits
Deben¬
tures are subject to call during first 5
bal., sur., $110,474.
years at 100 4 and thereafter at par.
REPORT.
Report for year ending Dec. 31
V. 74. p. 990.
with
1908,
balance
The
sneer,,
Chicago
Edison
debenture
notes of 1907 ($5,000,000
was In V. 84, p.
389, showing: Net profits, $1,001,550; hit. on bonds.
authorized issue) are secured as to
$115,principal and interest by an agreement
000; sink, fund, $50,000; written oil for
with the Commonwealth Electric Co.
bad debts, Ac.,
depreciation,
providing
for merger or purchase
$150,082; dividends (4%), $244,351; bal., sur., $442,1 17.
by the Commonwealth Co. before maturity or assumption of
principal and
OFFICERS.—Chairman of Board, Chas. M. Schwab; President. J.
interest
in
case
of
default.
V. 84 p. 695,627.
W.
Huntley; V.-P., XV. O. Duntley; 2cl V.-P.. S. W. Prince:
REPORT.— For year ending Mch. 31 1906, In V. 83.
Treas., Leroy
p. 33, 326.
For
Beardsley; Sec. and Asst. Treas., \V. B. Seellg.
11 months ending Feb. 28 1907 Increase In
Executive Committee,
gross earnings over same months
J. W. Duntley, Chas. M. Schwab, .1. R.
In previous year was 45%.
McGinley, W O. Duntlevand W. A.
Mitchell.
Directors (April 1907), Chas. M. Schwab, J. W.
Year—
Duntley, \Y. O.
Gross.
Net.
Charges.
Bal., sur.
Duntley, ,T. R. McGinley. W. A. Mitchell, Julius Keller. A. \Y.
Maconochie.
$2,507,772
$704,558
J. C. Tate and Oliver Wren.
$482,889
$221,669
General office, Fisher
Bldg., Chicago; New 1
1,816,765
588,361
407,069
York office, 95 Liberty St.—(V. 84, p. 380,
283,292
696.)
Pres., Samuel Insull; Sec. and Treas., Wm. A. Fox.
Office,
139
Adams
CHICAGO TELEPHONE CO.—V. 84,
St.,
Chicago.—
(V.
82,
p. 1499; V. 83, p. 33. 326; V. 84, p. 696.)
p. 161. 573.
CLAFIN (H. B.) COMPANY
CONSOLIDATED CAR HEATINO CO.—Supplies steam and hot water
—Incorporated under the laws of N. J. In
1890. and deals in dry goods.
Frontage of building 375 feet on Worth St., I apparatus for heating railway trains and electric heaters for street cars. Ac.
N. Y. City.
V. 71, p. 83.
Associated Merchants’ Co. owns $4,500,100 of I V. 70, p. 232.
Stock, $1,250,000; outstanding, $1,130,400; par $100.
the $9,000,000 stock.
Dividends F. A A.
See that cbmpany above.
V. 72, p. 724.
DIVIDENDS.—
DIV’S.1’94.
’95.
’96. ’97. ’98. ’99. -’00. ’01. ’02. ’03. ’04. ’05. ’06
] ’93.
’94 to Apr. ’99. July 185)5) to Apr.1907, j
1907.
Per cent/ 6
Common. % ,
1
34 1H
...j 7%
6 (1 C Q.-J.)
3
8 yearly Q.-J.).
4746547643 Feb..14
!
Officers and directors June 1900, V. 70,
REPORT.—Report for half-year ending Dec. 31 1906, V. 84, p. 156. 1
p. 1252- V. 76, p. 1357.
Office.
42 Broadway. N. Y.—<V. 78, p. 1111; V.
Net for dividends. $409.118, against $503,493
80. p. 225.)
in 1905; interest on 1st and 1
2d pref., $142,125; dividend on common
CONSOLIDATED COTTON DUCK CO.—ORGANIZATION.—Incor¬
(4%). $153,164; balance, surplus. :
$113,829.
Reserve for common stock Dec. 31 15)06,
porated in Delaware In June 1905. per plan In V. so, p. 1916, and
$1,704,089.
acquired
Profits for calendar years before
the U. S. Cotton Duck
deducting anv dividends: In 1906.
Corporation, owning 3 mills, and control of the
$761,377; in 1905. $821,428; 111 1904, $631,697.—V. 84.
Mount Vernon-Woodberry Cotton Duck Co. (see list 14
p. 156.),
mills, V. 69, p. 129),
and will ultimately obtain the legal title to the
COLONIAL SUGARS CO.—V 77, p. 1224, 1227. 1239; V.
latter: total mills controlled,
79. p. 502.
20.
(V. 82, p. 625).
In Oct. 1906 more than 93% of Mount Vernon income
COLORADO FUEL & IRON CO.—A Colorado
bonds
had been acquired on the following terms (V.
corporation
formed
In
!
October 1892.
82, p. 626):
In June 1903 Rockcfeller-Gould interests
assumed control. >
Holders for Each $1,000 of
V. 76, p. 1410.
Outstanding. New Pref. New Com.
Annual capacity of finished steel
products
to be 550,000 ! Income bonds Mt. Vernon Company
tons.
V. 73, p. 561; V. 75. p 1149; V. 79.
$6,000,000
$500
$166 2-3
p. 736.
In Feb. 1906 acquired entire stock of J.
Under the reorganization plan of 1903
Spencer Turner Co., New York,
(V.77, p. 2037, 2282, 2341; V. 79, 1 guaranteeing $2,000,000 6
% debentures, of which $400,000 reserved for
p. 736* 1267) the Colorado Industrial Co., whose
entire capital stock Is
future purposes.
V. 82, p. 336, 754, 1104.
owned, created an Issue of $45,000,000 consol., first
mortgage guaranteed
STOCK, Ac.—Common stock, $7,000,000; pref., 6% cum.,
bonds (see below also ull statement In V 80
$6,000,000;.
p. 1726: V. 83.
83, p. 378).
outstanding, see table above.
BONDS.—The Col. Ind. guar. 5s ($45,000,000 authorized
Underlying bonds of Mount Vernon Co.,
Issue) coverall
$250,000; IT. S.
0. Cotton
vumm
Duck
i/U™ v
the property of that company and are
Corp., $160,000.
aiuu.mm.
Net quick assets, Including
further secured by deposit of $13 - i controlled
companies, Dec. 31 1906, $2,700,000.
—
.
,
„
„
,
.....
_
APE..
explanation of column headings,
first page of tables.
&c., see notes on
Commonwealth Electric—Stock $15,000,000
First mortgage (Northern Trust Co. Chicago,
trustee)
Debentures, guaranteed prln & Interest, redeemable, text
Real estate mongages.
Preferred (also as to assets) 6 % cumulative $6,000.000
!
Mt Vernon-Woodberry first mortgage gold $8,000,000_.c*i
do
Income cumulative mortgage
do
J Spencer Turner Co deb $2,000,000 gold p & 1 (red)..
Cons Gas Elec Light & Power (Balt)—Common Stock
Preferred stock prior lien 6% cum red 105 and acc dlv..._
Preferred stock 6% cum red 120 and acc dlv
Edison & Brush Companies’ bonds
United Electric first consolidated mortgage $4,500,000 g_c*j
General mortgage $15,000,000 gold
CoBa.c*
Consol Gas first mortgage
c|
Consolidated first mortgage gold $3,400.000
MeBa.c*
General mortgage $15,000,000 gold
c*!
Consolidated Oas (N Y)—Stock $100,000,000
Debentures
r
Debentures $20,000,000 authorized conv after 3 years
c
of Companies Controlled.
N Y Ed-N YG&ELH&P 1st M $15,000,000 g-.Mo.c* &rl
Pur money M $21,000,000 gold subj to call to Feb’02_Ce.c*
Edison Electric Ilium N Y 1st M gold redeem at 110--Ce.c*
Size, or
of
Par
Amount
Rate
When
Bonds
Value.
Outstanding
%
Payable.
1898
1902
$100 $10,000,000
1,000,
8,000,000
1,000
500.000
;
!
180,000
1899
1899
1906
1,000
1,000
1,000
50
-
-
-
•
100'
1
Mo.c*
1 1900..
l)n
6
100i
100
1899
1905
1880
1888
1904
6
1,000
1,000
500
<JcCt
1,000
1,000
100
1,000
1,000;
M
F
Is
&
&
Where
5
6
and
Whom.
by
Stocks—Last
Dividend.
S Illlnos Tr & Sav Bk, Chic June 1
Feb
1
do
do
A
O
,705,000 6 In 1906 A &
5 g
,000,000j
M & S
&
J
392,000’
J
,600,0001
6 g
F & A
,300,034;
!..
700,000 See text. See text.
O
,360,054 See text. A &
265,500! Various. Various.
263,000
4^gM & N
&
J
102,000
4X e J
6
,J
&
J
584,500
5
&
J
400,000
g
:j
4H g A & O
500,000
000,000 See text Q—M 15
3
7
3
3
2
80
1 387,ooo;
20 000,000
Payable,
Continental Tr Co, Balt Apr
do
do
Sept
Jan
1 H% paid Jan 1907
Feb
Office Turner Co, N Y
Checks mailed
v
do
1
1
1
1
Anr 1
1943
1917
'07, 3%
1949
1950
1926
19073%
Apr 1 1907 3%
1910 1916 & '24
Alex Brown & Sons, Balt May 1 1929
New Y"ork & Baltimore Feb 14 1935
& Merch Bk, Balt July 1 1910
Far
do
do
July 1 1939
Fidelity & Dep Co Balt April 1 1954
Office, 4 Irving PI, N Y Mar 15 ’07,194
do
May 1 1908
City Bank, N Y July 1 1909
M
J
&
&
N
do
J National
J
F
M
J
M
J
&
&
&
&
&
&
D
A
S
J
S
!
Bonds
First consolidated mortgage $15,000,000 gold
Mt Morris Elec Light 1st M gold red at 105 Oct
United Electric Light & Power 1st M $5,370,000
pal. When Due.
Date
.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For
161
INDUSTRIAL STOCKS AND BONDS.
J907.J
1,000
1,000
1,000
1,000
1,000
5
4
5
5
15 000,000
20 929.884
4, 312,000
1,000
g
g
g
g
5 g
5
2, 188,000:
988,000
838,000
Morton Trust Co, N Y
Central Trust Co, N Y
Dec
;Feb
Guaranty Trust Co, N Y Mch
Morton Trust Co, N Y
July
Central Trust Co, N Y
Sept
J Union Trust Co, N Y
JuFy
1 1948
1 1949
1 1910
1 1995
1 1940
1 1924
Light, Heat & Potver Co. and the Edison Elec. Ilium. Co. of N. Y. Owns
large power plant located on 1st Ave., between 38th and 39th Streets.
V. 69, p. 704; V. 68, p. 1025; V. 70, p. 283, 482; V. 80, p. 1915; V. 84, p. 219.
Stock, $45,200,000, of which $45,051,000 outstanding, practically all owned
by Consol. Gas Co.
V. 72, p. 1038.
$360,000; baL.sur., $265,180.
BONDS.—The first 5s of 1898 ($15,000,000) were secured by a first
DIRECTORS.—S.
Davies Warfield
(Chairman). Charles K. Oliver
lien on the company’s new power plant and other property and pledge
(Pres.), David II. Carroll (V.-P. and Treas.), E. Clay Tlmanus, George K.
of various securities; list see V. 68, p. 773, 824, 1025; V. 76, p. 268.
The
McGaw. William H. Grafllln. F. S. Landstreet, G. Clem Goodrich J. H.
4s of 1899 are secured by a purchase-money lien on the former Edison
Wheelwright, Richard Cromwell E. A. Brlnckerhofl, Thomas M. Turner,
Elec. Ilium,
subject to bonds of 1890 and 1895, and by a second
Ralph C. Lupton, H. H. Lehman and F. P. Carpenter.
Office, Continental j mtge. lien onproperty,
the remaining property of the consolidated Co.
V. 72, p.
Trust Bldg., Baltimore. Md.—(V. 84, p. 452, 801.)
939, 1038; V. 81, p. 35.
Real estate mtges., $174,000.
Year.
Gross.
Net
Charges.
Surplus.
CONSOLIDATED GAS OF BALTIMORE CITY.—On June 20 1906 con¬
1904 (V. 81,p.29)
$10,265,418 $4,836,714 $2,005,712 $2,831,002
solidated with Consol. Gas El. L. & Power Co. per plan V. 82, p. 1441.
1903
8,963,314
3,981,540
1,842,894
2,138,646
CONSOLIDATED GAS, ELECTRIC LIGHT & POWER CO., BALTI¬
—V. 80, p. 1855, 2224; V. 81, p. 29, 35, 215.
MORE .—ORGANIZATION.—Formed on Feb. 14 1905 by consolidation !
(3) NEW YORK MUTUAL GAS LIGHT CO.
of the Wenstrom Electric Co. and the United Electric Light & Power Co.
Incorporated In New York April 17 1866, under special charter. Stock
(see “Railway & Industrial” section for Jan. 1905.)
On June 20 1906 the
outstanding, $3,436,600, of which $1,763,200 Is held In the Interest of the
Consolidated Gas Co. of Baltimore, about 61% of whose $10,770,968 stock
was previously owned, was merged per plan V. 82, p. 1441.
Price of gas , Consolidated Gas Co. Par of shares, $100.
DIVIDENDS—
I’94 to’97
was reduced to $1 per 1,000 cu. ft. on Sept. 1 1905.
’98
’99
’00
’01 to *05
1906 1907
Also owns almost all j
the stock of the Mt. Washington El. L. & P. Co. and the entire stock of i Since 1893, p. c.—j9
7
yearly
8
7
3
9 yearly
Jan, 3
In 1906, Jan.,4%; July, 3%; in 1907, Jan., 3%.
the Northern Elec. Co.
Has contract with McCall’s Ferry Power Co. for
V. 83,p
44.
power for 10 years, with privilege of 10-year extension.
V. 84, p. 627.
(4) STANDARD GAS LIGHT CO.
Organized In 1886.
Owns 160 miles of gas pipes north of 13th St.,
STOCK.—Rights of pref. stock, see V. 82, p. 1441.
N. Y.
The Consolidated Gas Co., owns $4,630,900 of the $4,985,700
•DIVIDENDS.—Dlv. on prior lien pref. stock. 3%, paid Feb. 16 1906;
common and $3,934,400 of the $4,295,700 pref.
on Oct. 1 1906, at the rate of 6% from Feb. 14 to that date; Apr. 1907, 3%.
On pref. (not prior lien), 1 2-3% covering period from June 20 to Oct. 1 !
DIVS.—
’93. ’94. ’95. ’96. ’97. ’98. ’99. ’00. ’01. ’02to’05.
1906.
Common %
1
4
8
5
2
6 y’rly
Below
5
()
1906; Apr. 1907, 3%.
V. 83. p. 753.
4
5 J* 4X 6
8
6
2^6
6 y’rly
6
BONDS.—The gen. 1st 4>$s of 1905 ($15,000,000 authorized Issue) are a j Preferred %___ 4
In 1906, June, 1^%;
V. 83, p. 1527.
Dec., dividend was passed.
lien subject to outstanding bonds on all the properties of the old electric- j
Office, Third Ave. and 49th St., N. Y,
V. 82, p. 1383; V. 83, p. 1527.
light and gas companies.
Of the Issue, $8,639,000 Is reserved for future <
(5) UNITED ELECTRIC LIGHT & POWER CO.
purposes.
V. 80, p. 1731, 714, 1481.
Of the 50-year gen. 4,t£s of 1904 of Consol. Gas Co. ($15,000,000 auth. I
Stock, $5,346,600, mostly owned.—V. 70. p. 40; V. 80, p. 1856.
(6) CENTRAL UNION GAS CO.
Issue; Fidelity & Deposit Co. of Maryland, trustee), $1,000,000 have j
been sold for Improvements and extensions, $1,500,000 were being Issued j
Compare V. 65, p. 462, 366, 1 12; V. 80, p. 1855.
In Oct. 1904 toretirethe certlflcatesof Indebtedness (of which $329,000 were
(7) NORTHERN UNION GAS CO.
still outstanding Jan. 1907), $7,000,000 are reserved to retire outstanding 5s
V. 65. p. 621, 977: V. 80. p. 1855.
and 6s. maturing 1910 and 1939, anc the remaining $5,500,000 are Issuable
(8) WESTCHESTER LIGHTING CO. (N. Y. & Westchester Light Co.)
(since July 1 1906) for not exceeding 80?o of cost of extensions and Im¬
Supplies gas and electricity In Westchester County north of New York
provements.
V. 78, p. 1964, 2014, 2331, 2387; V. 79, p. 1643.
City.
See V. 71, p. 1023, 1175.
The Consolidated Gas Co. owns the
$12,500,000 capital stock.
See V. 79. p. 160, 217, 504, 1706.
EARNINGS.—Earnings of gas company In 1905 were $669,139; earnings
of power company for 1905 plus additional estimated earnings, $368,894; |
Northern Westchester Ltg. Co. Is controlled by friendly Int. V. 81, p. 268
BONDS.—The general mtge bonds of 1904 ($10,000,000) bear Interest
total, $1,038,033; dlv. on pr. lien stock, $42,000; on pref. stock, $381,603; |
Int. on power co. gen. 4 J$s ($7,102,000), $319,590; bal., estimated, $294,840
on a sliding scale, beginning at M of 1 % (first coupon July 1905), and rising
In addition the Westport generating station, < to 4 % from July 1 1914, to maturity, except about $2,500,000 which have
(4t$% on com. stock).
opened July 1906 and being operated to the extent of 13,000 kilowatts In j additional coupons attached making them straight 4 % bonds.
All are
Jan. 1907. is expected to save $10,000 In operating expenses per month.
subject to call since July 1 1905 at par and Interest.
V. 79, p. 1706
1957.
They are guaranteed, principal and Interest, by the Consolidated
OFFICERS.—Chairman of Board, S. Davies Warfield; President, Ferdl- !
Form of guar¬
nand C. Latrobe; Vice-Pres, and Gen. Mgr., Alten S. Miller; Treas., Joseph i Gas Co., as are also the $2,500,000 of new 5 % debentures.
anty,
V.
The underlying bonds not shown In the table above
79, p. 2152.
W. Clarke; Asst. Treas., W. Stuart Symington; Sec., Charles M. Cohn. :
(Westchester Lighting 5s being reserved to retire at par the N. Y. & Sub.
Directors. V. 82. p. 1442.—V. 83, p. 753.)
Gas and New Rochelle Gas and Fuel Issues) are:
CONSOLIDATED GAS OF NEW YORK.—This company was organized
Bonds—
Interest.
Outstanding.
Maturity.
Nov. 11 1884, as a consolidation, and in 1899-00 secured control of all
New Rochelle Gas & Fuel 1st M..6
&
$88,000
Jan. 1
J
J
1908
the other gas companies and of all the electric lighting properties In Man- I New York & Suburban Gas 1st 1 5g M
&
S
a343,000
Mar. 1 1949
hattan, N. Y. City.
New gas plant at Astoria, L. I., was put in partial oper¬
M., g.,guar., p. &. 1., by Am. v
.Subject to call at 105 & Int. after Mar. 1
ation Dee. 3 1906.
V. 78, p. 105, 1964; V. 79, p. 105, 629; V. 83. p. 1414;
Gas. Co
_.J 1909.
V. 84, p. 219.
statements
following.
See separate
Hudson River Gas & Elec. 1st M
5
M & N
b250,000
May 1 1929
In 1897 the price of gas was reduced from $1 20 to $1 (beginning In 1901)
White Plains Lighting 1st M
5
335,000
June 1 1938
as required by law.
V. 64, p. 1000.
(a) V. 68, p. 474; V. 70, p. 844; (b) V. 68. p. 824; V. 70, p. 844.
In 1906 a law was passed reducing the price In N. Y. City to 80 cents
Statement of Sept. 13 1905, showing output, balance sheet, etc., was
per 1 ,oo() cubic ft., except In outlvlne districts.
V. 82, p. 572, 807, 931. In V. 81, p. 1609.
Suit, V. 82, p. 1043, 1159, 1325. 1381 , 1442; V. 83, p. 971; V. 84, p. 219,573. ‘
For year ending June 30 1905, gross, $1,259,841: net, $569,931; Int.
Law fixing prices of electricity sold to city, V. 83, p. 892.
on
bonds, $509,238; bal., sur., $60,693.
Calendar year 1902, gross,
L)IVS. \ ’92. ’93. ’94 to '98. ’99. ’00. ’01 to ’03. ’04. '05. ’06.
$1,037,799: net, $375.338.— (V. 80, p. 1001; V. 81, p. 1563, 1609.)
1907.
Per cent./
6
7
8 yearly
5,'j
6
8 yearly 8H 85 Mch., 1% ,
CONSOL. GAS OF PITTSBURGH.—See Pittsburgh In “St. Ry.“ Section.
In 1905, March, 2!^%; June, 2%; Sept., 2%; Dec., 2%; In 1906, March,
CONSOL. LAKE SUPERIOR.—See Lake Superior Corporation.
2 %; June, 1 %; Sept., 1 %; Dec.,1%.
In 1907, Mch., 1 %.
CONSOLIDATED RAILWAY LIGHTING & REFRIGERATING CO.—
STOCK, ETC.—In 1900 stock Increased from $39,078,000 to $54,595,Incorporated in New Jersey In March 1901, per plan V. 72, p. 677; V. 82,
200, and In 1900-03 to $80,000,000, to complete the control of the gas
p. 1325.
Stock author., $22,000,000; outstanding, $21,115,838; par of
and electric light business In Manhattan, to provide for Improvements, |
shares, $100.
No bonds. Report for year
Factory at Bayonne, N. J.
etc.
V. 77, p. 300.
In 1904 the authorized Issue was Increased to $100,ending Dec. 31 1903 was In V. 78, p. 1220.
Pres., Isaac L. Rice.
Office,
000,000 to provide for convertible feature of new debentures. V. 78, p. 1964. ; 11 Pine St., N. Y.—(V. 76, p. 481; V. 82. p. 1325: V. 84. p. 870.)
In 1904 stockholders subscribed to $20,000,000 6 % debentures at par.
CONSOL. RUBBER TIRE.—“Supplement” July 1903; V. 81. p. 273.
The debentures are convertible Into stock at par on July 1 1907, or any I
Interest day thereafter.
CONSOLIDATED STEAMSHIP LINES.—V. 84, p. 53, 223, 393.
V. 78, p. 1964, 2014, 2336.
REPORT of Legislative committee In 1905, covering the operations of
CONSOLIDATED TOBACCO CO.—See American Tobacco Co.
all the constituent properties, was fully cited In V. 80, p. 1854, 1858,
CONSOLIDATED WATER CO. OF
UTICA, N. Y.—Incorporated In
1910, and showed for Consol. Gas Co.:
In 1904, gross, $13,282,897,
Nov. 1899, and by purchase of 'existing properties acquired control ol
against $12,882,116 In 1903; net Income, $6,273,813, against $5,793,951;
practically all the water available for city of Utica, N. Y.
V. 69, p. 956,
Interest, $526,413; dividends (8^ %), $6,799,970; bal., def., $1,052,570; • 1064.
Stock, common, $1,500,000; pref., 5% non-cum., $1,000,000;
Consol. Gas Co.’s share of undivided surplus for year of subsidiary cos.
par of shares, $100.
Bonds, see table above.
N. J. Title Guar. & Trust
was about $4,080,000.
Co. Is trustee of debentures.
V. 81, p. 1377.
Year 1904, gross, $192,824;
Balance sheet Dec. 31 1904, V. 80, p. 1854.
Report for year ending In 1903, $182,067. Pres., William S. Bacot. New directors Aug. 1905.
Dec. 31 1906 was In V. 84. p. 219.
Net profits of calendar year 1904 above
V. 81, p. 670.—(V. 81, p. 1377.)
dividends, about $2,600,000, against $2,500,000 in 1903.
CONSOLIDATION COAL CO.—Incorp. In 1860.
In May 1906 the $5.OFFICERS.—Chairman, II. E. Gawtry; Pres., vacant; V.-Ps., Samuel
353,200 stock owned by B. & O. was acquired by a syndicate. V. 82, p. 1043.
Sloan, Walter R. Addicks, Lewis B. Gawtry and Robert A. Carter.; Sec., i
Coal mined in 1906 was 2,128,879 tons; In 1905 was 2,096,213 tons; In
R. A. Carter; Treas., ,jas. A. Bennett.
Trustees: H. E. Gawtry, Samuel ' 1904, 1,833,371 tons; In 1903, 1,753,783 tons.
Owns $1,500,000 stock of
Sloan. John \V. Sterling. W. Rockefeller, M. Taylor Pyne, Geo. F. Baker, j Cumberland & Penn. RR. (which see) and guarantees Its $1,000,000
Jas. Stillman. S. S. Palmer, F. A. Sehermerhorn, A. N. Brady, Arthur H.
bonds. Early In 1903 a controlling Interest was acquired In the Fairmont and
Office, 4 Irving Place.
(V.
Elliott, Walter T. Bliss and Louis M. Greer.
Somerset Coal companies (which see), the former controlling the Clarksburg
83, p. 495, 892,971,1349, 1414, 1526; V. 84. p. 219, 223, 573.
Fuel and Northwestern Fuel companies, the last named owning large docks
at Chicago, Milwaukee and Superior.
(1) NEW AMSTERDAM GAS.
In Dec. 1904 the Fairmont Coal Co.
Dividends
on pref., In 1906, 6% (A. & O.); 1907, Apr. ,3%.
REPORT.—Report for year ending Dec. 31 1906 (V. 84, p. 801), showed:
Total Income, $10,024,824; gross profits, $1,301,881; Int. on bonds of eonstit. cos., $392,960; depreciation, $283,735; dividends on pref. stock (6%),
>
.
.
_
^
Incorporated Nov. 1 1897 and consolidated N. Y. & East River and
Eq. Gas Light, per plan V. 66, p. 133.
Owns entire $7,000,000 stock
of New York Carbide & Acetylene Co.
SECURITIES.—The stock authorized Is $13,000,000 of common stock,
$10,000,000 of 5% preferred, cumulative after Nov. 1 1900, New consol.
5s for $1,365,000, preferred stock $1,000,000 and common $835,000 In
Jan. 1906, were In treasury available for future needs.
Par of shares $100.
The Consolidated Gas Co. owns $12,109,500 common and $8,977,500
preferred stock. V. 70. p. 897, 948, 1052, 1197, 1252; V. 80, p. 1855, 2224.
(2) NEW YORK EDISON COMPANY.
Organized May 23 1901,
as a
consolidation of the N. Y. Gas & Elec.
acquired the control of the Pittsburgh & Fairmont Fuel Co., owning 17.966
of coal land In West Va. on the B. & O
between Clarksburg and New
Martinsville.
V. 79. p. 2699.
In Nov. 1903 $501,100 of the $1,000,000
Metropolitan Coal Co. stock was purchased.
V. 78. p. 1271; V. 79, p. 502.
Of the $7,500,000 refund'g 4 >4s of 1904, $4,692,000 has been Issued to pay
for properties aequlred, $1,750,000 Is reserved to retire the 4^s due 1922 and
$1,000,000 Cumberland & Penn. 5s due 1921, and the remaining $1,058,000
for future requirements; sinking fund, 3c. per ton of coal mined.
DIVIDENDS since 1883: for 1884 and 1885, 1 %; for 1886, H: for 1887
m: for 1888, 2X: 1889 to 1903, 2% yearly; 1904 and 1905, 4 % yearly.
Feb. 1906 (yearly), 6%:
May. 1 H %: July 31, U2"i: Oct. 31, lVx%
1907, Feb., 1 y2 % and 2% extra; Apr. 30, 1H%.
acres
INTEREST OR DIVIDENDS.
MISCELLA NEO US.
Date
For
explanation of column headings, &c., see notes on
first page of tables.
Y)—(Concluded)
i
Equitable Gas Light eons (now 1st) M--Ce) Assumed by fi
N Y A East River Gas 1st M gold
G.c*^ New Amst
v
First cons M ($5,000,000) gold
K.c*J
Gas Co.
U
New Amsterdam 1st cons M gold $20,000,000
Ce.c’Ar!
Central Union Gas guar p & 1 N Y A East River
Ce.c*j
Standard Gas Light first mortgage $1,500,000 gold
c
North Union Gas 1st M $1,500,000 gold not guar
K.c’i
Westchester Lighting consol M $10,000,000 gold
Col.c*;
Other bonds (see text)
N Y A Wes L gen M $10,000,000 gold guar red (text)-.Ce;
Debentures $2,500,000 gold guaranteed prln and Interest!
Consolidated Tobacco—See American Tobacco Co.
Consolidated Water Co of Utica—First mortgage gold
Ni
Debentures gold
Consolidation Coal—Stock
First M $750,000 gold sink fd redeem each Jan at
—
___j
105..G
Refunding M $7,500,000 auth gold sink fd red 110..S c* Ar
Continental Tobacco—See American Tobacco Co.
Corn Products Refining—Common stock $50,000,000
Preferred stock 7% cum also as to assets $30,000,000_.__
Debentures $2,843,000 gold sinking fund drawn per text-.
Unassumed Bonds of Allied Companies of Corn Products
National Starch deben gold s f $8,000,000 call at 105„Usm
United States Sugar Refinery gold first mortgage
Nat Starch Mfg Co 1st M gold (sink fd) text..
-Ma
N Y Glucose Co 1st M $2,500,000 gold sink fund (see text)
aOf these $491,000 held by trustee of National Starch deben
j
Par
Amount
Va ue.
Outstanding
j
j
$3,500,000
3,500,000!
1,500,000
10,635,000
3,500,000
1,000
1,000! 1,285,000,
1,250,000!
1,000,
1,000. 5,916,0001
1,016,0001
$1,000;
1,000
1895
1,000
1898 ,1,000 Ac
1897
1890 !
1897
1900
1904
1,000!
1900
1905
l.ooo!
100
100
i ,ooo
\
Reflni ng Co.
1900 !
1,000
j
i
In
plants, rights of
EARNINGS.—Preliminary statement for year ending Feb. 28 1907
a small surplus over 7% on preferred stock, Interest, depreciation,
Ac., and $1,250,000 for new construction.
V. 84, p. 696.
EARNINGS (Corn Products Co.).—Report for half year ending Aug 31
.*<1905 in V. 81, p. 1313, showed: Net Income, $150,278; bal. Feb. 28 1905,
$126,022; deduct dlv. on pref. (1 %), $273,790; total sur. Aug. 31 ’05, $2,509.
REPORT (Corn Products Co.).—Report for the year ending Feb. 28 1905
was In V. 80, p. 1853, showing: Net Income for year, $1.689.466; total surshows
glus
29 1904,
deduct
$1,916,495;
dividends (7%) on pref.,
$353,051;
al. Feb.
surplus.
Feb. 28
1905,
sheet, $126,022.
per balance
as
DIRECTORS.—E. T. Bedford (Pres.), W. J. Matheson (V.-P.), F. T.
Bedford, W. H. Nichols, Thomas Gaunt, F. Q. Bartow, Chas. Pratt. J. A.
Moffat, R. W. Wlnterman, C. M. Warner, Joy Morton, W. J. Calhoun,
Thomas Kingsford, C. H. Mathlessen and William Weaver Heaton.—(V. 83,
p. 215, 326, 689, 820, 1101, 1414; V. 84, p. 696.)
(WM ) CRAMP A SONS’ SHIP & ENGINE BUILDINO CO.—Incorpor¬
ated In Pennsylvania Mch. 26 1872. Properties owned, V. 78, p. 46.
STOCK.—Stock, as Increased June 1903, $6,250,000; outstanding, $6,.
098,000; par of shares, $100.
Of this $4,648,600 has been deposited with
voting trustees, viz.; E. T. Stotesbury and Richard Rushton, Phlla. and
Geo. F. Baker. N. Y.
V. 76, p. 921.975, 1087; V. 78 p. 46.
DIVIDENDS.—1
1892.
’93. '94. ’95. ’96. ’97. ’98. ’99. ’00. ’01. 02.
Percent
]8A20scr. 10 18
7
None
1A
5
5
5
3M
No dividends since to April 1907.
V. 75, p. 1256.
BONDS.—The 5% serial notes ($4,440,000 outstanding) mature part
Jan. 1 and July 1, semi-annually, viz.: $80,000 to July 1908, then $110,000
for 5 years, then $140,000 for 5 years, then $170,000 for 5 years, but subject
to call at 102 H; secured by $5,000,000 consol. 5s of an authorized Issue of
$7,500,000; of the latter, $2,000,000 are reserved to retire prior liens and
$500,000 for future purposes.
See V. 76, p. 921,975.
First mtge. gold 5s
Of 1899, $1,325,000 (Int. MAS), due Mch. 1 1929, but subject to call $25,000 yearly Jan. 31 at 110 for a sinking fund.
Real estate mtges. Apr. 30
1906, $580,212.
V. 67, p. 1310; V. 68, p. 383; V. 78, p. 46.
REPORT.—Report for 1905-06 In V. 82, p. 1495, showed: Net earn¬
ings (lncl. subsidiaries), $704,724; charges, $333,752; bal., sur., $370,972.
In 1904-05, net, $658,453; charges, $344,288; bal., sur., $314,165.
Chair¬
man of Board, Charles H. Cramp; Pres., Henry S. Grove; V.-P., Edwin S.
Cramp; Gen. Man. H. W. Hand.
Office PhlladelDhla.—(V. 83. d. 40.)
CRUCIBLE STEEL CO. OF AMERICA.—ORGANIZATION.—Incor¬
porated on July 21 1900 under the laws of New Jersey to consolidate 13
properties, Including the Park Steel Co., Ac., named In the prospectus, V.
71,p. 32; V. 73, p. 842; V. 84, p. 573. Stock authorized, com., $25,000,000;
pref., 7 % cumulative, $25,000,000; par, $100; outstanding, common, $24,578.400; preferred. $24,436,500.
In May 1904 the Clairton Steel Co. was sold to the U. S. Steel Corporation,
the latter in payment therefor guaranteeing or assuming the bonds ($11,916,715) and giving $1,000,000 of 10-60 year 5 % bonds.
The Crucible Co.
agrees to take 120,000 tons of steel yearly for 10 years and about 80,000 tons
of pig Iron on a sliding scale of prices. V. 78, p. 1552, 2014; V. 79, p. 1267.
plant to manufacture general rail¬
supplies. Including car springs, was begun.
V. 83, p. 889.
on preferred. Dec. 1900 to Sept. 1903, 7%;
on Dec. 29
1905, 1%; March. June and Dec. 1906 and March 1907, 1 ^% each, leaving
16 74»% overdue dividends.
V. 82, p. 694.
A
A
A
A
A
S Central Trust Co, N Y
J Guaranty Trust Co, N Y
J Knickerbocker Tr Co,NY
J H B Hollins A Co, N Y
J!
do
do
N Mercantile Trust Co, N Y
J H B Hollins A Co. N Y
D Colonial Trust Co, N Y
^Mch
Nov
Dec
1 1932
1 1944
1 1945
1 1948
1 1927
1930
1 1927
1 1950
Jan
Jan
Jan
July
May
Various.;
&
A
J Central Trust Co. N Y
J
do
do
July
July
1
1954
2,500,000i
5 g
J
A
J Redmond A
Jan
Jan
1
1
1930
1930
4M g M
49,169,200
A
J,
'Guaranty
Co, N Y
Trust Co, N Y Apr
J
do
do
N Standard Trust Co,
Jan
N Y May
j
!
g
g
g
g
J
iM
M
A
A
A
A
1
1922
1
1934
Apr 10 ’07. 4 %
28,297,9,00 See text.;
Q—J
5 g
lM A N New York
2,017,000
5
6
6
6
30 07,1 ^
Nov
1
1931
J,Treasurer, 25 Broad,N Y July 1 1925
Dllnternat Tr Co, Boston
N Treasurer, 25 Broad, N
S'
-
-
Dec
1
1921
Y May 1 1920
Sept 1 1926
.
&age
of the& Refining
a purchase
uaranty
Trust Co.Co.
,of other
N. Y.,than
V. 83,money
trustee.
p. 820. mortgage; Title
a new
A
A
A
Whom.
K
3,816.000
al,000,000
818,000
1,000
See text. !
2,000,000
V. 84, p. 696.
BONDS.—The bonds of controlled companies have not been assumed,
but the Interest and sinking fund charges are payable from their earnings
before any dividend can be paid on their stocks.
Of the National Starch
debentures, $3,778,000 are reserved to retire bonds of Nat. Starch Mfg. ana
U. S. Sugar Refinery companies.
V. 80. p. 119.
Of the New York Glucose
6s, 4 % of each bond ($40) Is retlrable Sept. 1 yearly, beginning 1902, but
the bonds are not subject to call.
V. 74, p. 1086.
In March 1907 $2,017,000 of the $2,843,000 Nat. Starch Mfg. 6% bonds
were exchanged at par for Corn Products Refining 25-year 5% debentures,
with a sinking fund of $114,000 payable Nov. 1 annually for redemption of
bonds by lot at par.
The debentures are to be secured by any new mort-
DIVIDENDS
M
J
J
J
J
M
J
J
5 g
5 g
5 g
5 g
5 g
5 g
5 g
5 g
5 A 6
Stocks—Last
Dividend.
Where Payable, and by
5 g
1,000
stock, bal. sheets, and earnings of subsidiaries, Ac., see V. 82, p. 1321.
Capital
New co.
Principal controlled properties.
stock.
owns.
Incorporated.
Corn Products Co., common
$45,215,505 $44,421,5071 N. J., Feb.
7 % cumulative preferred
27,380 740
25,197.040] 1902.
Warner Sugar Refining, stock
3,000.000
3,000,000 Maine. 1903.
St. Louis Glucose, stock
1,200,000
1 200,000 Mo.. 1887.
Cereal Sugar Refining Co. preferred.
75.000
35,000\Virginia,
Common
425,000
285,800,
Corn Products Mfg Co., com
24,027,300
23,299,9001 N. J., Aug.
7 % cumulative preferred
13,638,300
13 158,700]
1897.
National Starch Co., com
2,695,9001N. J.. April
2,695,900
6 % cumulative preferred
4,027,600] 1906.
4,028,300
Nat'l Starch Mfg. Co., common
4,439,4001 Ky.,
Feb.
4,450,700
2d preferred
364,800]
1890.
364,800
Corn Products, Llm., stock
20,000 Gt. Britain.
£20,000
Corn Products, Llm., stock
40.000M. 40.000M. Germ’y.1906
Ill nols Sugar Refining Co.
750,000 Ill., 1898.
'
750,000
Charles Pope Glucose Co
120,000 Ill., 1880.
120,000
N. Y. Glucose Co. ($2,000,000 pref.)
2,500,000 N. J.. 1901.
2,500,000
Total capacity of all plants, Including those not operated, about 235,500
bushels.
V. 82. p. 1321.
Competition, see V. 81, p. 615; V. 83, p. 689.
As to proposed concentration of plants (June 1905), see V. 80, p. 2623.
New plant proposed Oct. 1906, capacity 40,000 bushels dally.
V. 83, p.
689, 1101; V. 84, p. 696.
DIVIDENDS (Corn Products Co.)—On pref., July 1902 to Jan. 1905,
1*A% quar.; April 1905, 1%; none since to Jan. 1907.
V. 80, p. 2623.
Common, May 1903 to Feb. 1904, 4% per annum; none since.
Dividend on pref. stock of new company
1% quar., paid July 1906 to
Jan. 1907 lncl.; Apr. 1907, 4%, making 7% for fiscal year ending Feb. 2‘8
1907.
Regular dividends of 1% only are also to b paid during 1907-08.
In June 1906 the construction of
\
Payable.1
,
■
!
The Corn Products Co. stockholders received two-thirds
way
Bonds—Princi¬
2^500,OOOj
4,692,0001
ioo'
—(V. 84, p. 161, 696.)
CORN PRODUCTS REFINING CO.—ORGANIZATION.—Incorporated
Feb. 6 1906 as an amalgamation per plan V. 82, p. 103, of Corn Products Co.,
New York Glucose Co., Warner Sugar Co. of Waukegan, Ill., and St. Louis
Glucose Co.
In Oct. 1906 about 94% of Corn Products Co. stock had been
amount of the same class of stock of the new company.
Official statement Mch. 1906, showing properties owned,
When
i
A
J
5 g
250,000!
Q-F
10,250,000 See text.
&
474,000
4H g J
1,000
1,000,
1897
1904
Dividends.
Bal.,Sur
$4,310,608 $2,019,812 $591,108 $1,428,704 (8%)$82Q,000 $608,704
4,165,437
1,648,406
631,117
1,017,289 (6%) 615,000
402,289
acquired.
%
1,000) 10,000,000,See text.'J
1904
REPORT.—For 1905, V. 82, p. 1154.
Gross.
Total Net. Chges.,&c. Bal.forDlv.
Year.
1906.
1905.
Rate
of
1894 i
lxxxiv.
pal, When Due.
i Size, or
Bonds |
Consolidated Gas (N
-
(Yol.
INDUSTRIAL STOCKS AND BONDS.
162
BONDS.— $200,000
5%
purchase money mortgages,
due 1911,
with
option of prior payment.
EARNINGS.—For 6 months ending Feb. 28 1907 net earnings over re¬
pairs, Interest, Ac., $1,283,589; reserve for contingencies, $25,671; divi¬
dend (3%) on preferred stock, $733,095; balance, surplus, $524,823.
REPORT.—Year ending Aug. 31 1906, V. 83, p.
889, showed net
earnings of $2,901,840; dividends on preferred (5^%), $1,344,007; bal.,
sur., $1,557,833.
In 1904-05, net, $2,067,490.
Chairman, Wm. G. Park; Pres, and Gen. Man., Frank B. Smith; Treas.
Julius Bleler.
Office, Frick Bldg., Pittsburgh, Pa.
Directors, Sept. 1904
V. 77, p. 1473; V. 79, p. 1333, 1706.—(V. 84, p. 223, 573, 696.)
CUMBERLAND TELEPHONE & TELEGRAPH.—Organized In Ken¬
tucky In 1883 and operates under perpetual and exclusive license from
American Bell Telephone Co. through the entire States of Mississippi and
Louisiana, the greater parts of Tennessee and Kentucky, and a few. counties
In Indiana and Illinois.
Amer. (Bell) Telep. A Teleg. Co. owns $8,755,500
of the stock.
Subscribers March 1
1907, 167,497.
STOCK.—The authorized stock was Increased In Feb. 1907 to $30,000,*
000.
V. 84, p. 393.
Stockholders were offered the right to subscribe pro
rata at par on or before Feb. 1 1907 for $3,187,950 new stock, payable In
four equal Installments on Feb. 1, April 1, July 1 and Oct. 1 1907, or option¬
ally In full on any of said dates, raising the amount outstanding to $20,V. 84, p. 105, 162.
174,450.
DIVIDENDS.—From 1892 to 1897, both inclusive, 4%;
1898. 5%;
1899, 6%; 1900, 6%; 1901 to April 1907, 7% per annum (1 %% quar.)
BONDS.—These consist of $765 000 first 5s (see table above); $239,000
20-year deb. 5s (int. F. & A.) due Feb. 1 1920, but redeemable at par,
and $16,000 Ohio Valley Telephone gold 6s (Int. J. A J.), due Jan. 1 1908.
EARNINGS.—3 mos. 11907
Gross, $1,440,551; net. $558,375
Jan. 1 to Mch. 31.
] 1906_
.Gross,
1,301,834; net,
510,338
Surplus over charges, $439,391 ln*1907, against $413,708 In 1906.
In 1906, gross,
REPORT.—Report for year 1905 In V. 82, p. 1376.
$5,384,844; net above fixed charges, $1,532,436; dividends (7%), $1.129,504; bal., surp., $402,932.
General offices, Nashville, Tenn.— (V. 81, p.
1726; V. 82, p. 1376; V. 84, p. 105; V. 84, p. 162, 393.)
DENVER GAS A ELECTRIC CO.—ORGANIZATION.—Incorporated In
Apr. 1899 as a consolidation of the Denver Consolidated Gas and Denver
Consolidated Electric companies.
Stock, $3,500,000; par, $100.
Reorgan¬
ized In 1903 per plan V. 76, p. 812.
In Nov. 1904
See V. 78, p. 585.
friendly Interests purchased a majority of $220,000 Denver-Hlghlands
Electric Co. stock.
V. 79, p. 2459.
The Lacombe Electric Co. was ac¬
quired In July 1906.
V. 74, p. 1359; V. 83, p» 154. New 20-year franchise
voted May 15 1906.
V. 83, p. 40, 1414, 1526.
A dividend at a 6% yearly
rate Is expected to be declared May 1907.
V. 84, p. 870.
BONDS.—Prior lien 15-year gold 6s, due April 1 1918, $1,000,000 ($1,009
each), $463,000 outstanding, subject to call at par after 5 years, Int. A.AO.,
balance having been retired; Bankers’ Trust Co., N. Y., trustee.
Gen.
mtge. gold 5s, $8,000,000 authorized, of which $5,171,000 outstanding
($1,000 each), dated May 1 1903. due May 1 1949 but subject to call on May
1 1908 at par, May 1909 at 101, May 1910 at 102, May 1911 at 103. May 1912
at 104 and May 1913 or any Interest day thereafter at 105; Int. M.AN.;
Trust Co. of America, trustee.
In Jan. 1906 the company announced It
would call and retire all outstanding bonds other than gen. mtge. bonds, the
bonds then called being given the option of exchange for latter.
The gen¬
eral 5s to be Issued to provide premiums paid for exchange were offered to
stockholders ratably at 95 and int.
See V. 82, p. 103.
Of the general 5s,
$3,260,000 were reserved to retire $1,000,000 new prior liens and underlying
bonds.
The only underlying bonds remaining outstanding July 1906 were
$1,500,000 Denver Consol. Gas 20-year gold 6s, due Nov. 16 1911, Int.
J.AJ. at Emerson, McM. A Co., N. Y., subject to call at 105, a large part
to be retired by lot; $900.otto Lacombe Electric 1st gold 5s. due May l 1921,’
int. M. A N. at office of International Trust Co., Denver, trustee, and
Morton Trust Co., N. Y.; subject to call at 104.
,
EARNINGS.—For year ending Oct,. 1 1906, gross, $1,661,014;
net,
$670,415;
charges, $363,475; bal., sur., $306,940.
In 1904-05, gross,
$1,432,355: net, $583,129.
Chairman, Emerson McMlllln, 40 Wall St.,
N. Y.—(V. 83, p. 40, 1414, 1526; V. 84, p. 105,870.)
DENVER UNION WATER.—A consolidation Oct. 1894. Franchises run
Owns the water works and water supply of the city of Denver,
Col., and vicinity.
Capital stock Is $5,000,000 common and $2,500,000 of
5 % non-cum. preferred.
Dlv. on com. and pref. stocks of 5 % paid Apr. 19
1905; Jan. 2 1906 and Jan. 2 1907,5% each, at Farmers’ Loan A Trust Co.,
N. Y.
Bonds, $8,000,000.
The South Platte Canal A Reservoir Co.,
whose stock is all owned, completed a new reservoir In 1904: Its $4,000,000
authorized 5% bonds are guaranteed; the latter are subject to call at 105
between April 10 1910 and April 9 1911.
V. 79, p. 231. 289.’ See table
above.
Litigation, V. 77, p. 198.
Pres., W. S. Cheesman; Treas., D. H.
Moffat.—(V. 80. p. 1114; V. 81. p. 1613; V. 83. p. 1473.)
until 1910:
DETROIT CITY GAS.—Organized In Mch. 1898 and owns all the gas
properties In Detroit, Mich.
Has a franchise till 1923 from the city.
In
Jan. 1906 the Amer. Light & Traction Co. acquired about 97 % of the stock.
V. 82, p. 283, 989.
STOCK.—Authorized, $5,000,000, all outstanding; par. $50.
Divi¬
dends, 2H%. 1899; 1900, 5 %; 1901, May, 2 H %; In 1903. 5 % In 6 % ctfs.,
paid Dec. 1904; In 1904, 5%; In 1905, 6%.
Later dividends not published
BONDS.—The prior lien mtge. Is for $6,000,000, of which $381,000 to re¬
tire the outstanding 5s of 1893.
Prior Hen bonds are subject to call at 110.
Of the gen. 5s of 1903 ($10,000 000 authorized Issue, Equitable Trust Co. of
N. Y., trustee,) $6,000 000 are reserved to retire the prior liens; present Is¬
sue, $500,000; Nos. 1 to 1,000 mature $100,000 yearly from July 1 1913, but
are subject to call at par; If called, holder may take In lieu of cash new bonds
maturing July 1 1923, subject to call at 105; balance matures July 1 1923.
V. 77, p. 253; V. 78, p. 822.
REPORT.—Statement to N. Y. Stock Exchange, with balance sheet of
Amdl 30 1904, was In V. 79, d. 102.
OFFICERS.—President, Emerson McMlllln, New York; Gen. Man., A.
P. Lathrop. Detroit, Mich.—(V. 82, p. 283, 989.)
DETROIT EDISON CO.—ORGANIZATION.—Incorporated In Jan.
1903 and absorbed the Edison Illuminating Co. of Detroit and Peninsular
Electric Light Co.; does entire electrlc-llght business In city. V. 76, p. 215.
In July 1906 the Central Heating Co. was purchased.
V. 83, p. 275.
Owns
entire stock of Eastern Michigan Edison Co., having electrlc-llght properties
outside of Detroit whose bonds are guaranteed.
V. 84, p. 751.
Controlled by Nor. American Co. A new generating plant of 16,000 horse
power was
placed In operation late In 1904.
V. 79,
thorlzed, $6,000,000; Issued,.$5,000,000: par, $100.
p.
2645.
Stock au
1 <»:{
INDUSTRIAL STOCKS AND BONDb.
APR., 1907.j
INTEREST OR DIVIDENDS.
MISCELL A NEO US.
' Bonds—Princt-
x>al.
For explanation
of column headings,
first page of tables.
Amount
&c., see notes on
i
Outstanding
Products Refining (Concluded)—tit L Syrup & Ref gold
Crucible Steel Co of America—Common stock $25,000,000 au;
Preferred 7% cumulative $25,000,000 authorized
:
Cumberland Telephone & Telegraph—Stock $30,000,000
i
First mortgage $1,000,000 gold s f (other bonds see text)j
Denver Union Water Co—First mortgage $8,000,000 gold..
South Platte Can & Res 1st M gold guar (end) red (text).Mo
Detroit City Gas—Stock $5,000,000
Prior lien mortgage $6,000,000 gold
N c*i 1898
Detroit Gas consol mortgage for $4,000,000 gold-.Gc&r 1893
1903
Detroit City Gas general M $10,000,000 gold (see text)_.Eq
Detroit Edison—First mortgage $10,000,000 gold
Sc* 1903
1906
Debentures $1.000.000, convertible after 3 years
Eastern Michigan Edison 1st M $10,000,000 gold guar__Ta
1907
Detroit Mackinac & Marquette RR Land Grant—Income bds
Diamond Match—Stock $16,000,000 (listed in Chicago & N Y) I
Distillers’ Securities Corp—Stock one class $32,500,000
i
Coll trust M $16,000,000 gold conv call 105 after ’08 (text)c*! 1902
1895
American Spirits Mfg. 1st M gold call at 105 s f 5 %_.Ma c*
Dominion Coal—Common stock $15,000,000
Preferred 7% cumulative (text) convertible redeemable..!
First mortgage gold sinking fund (see text) redeemable., i 1905
Dominion Iron & Steel—Common stock $20,000,000
Preferred 7% cumulative $5,000,000 convertible
1899
First mortgage gold $8,000,000 sinking fund (see text)
1903
Second M $2,500,000 $250,000 due yearly begin Oct 1905
Duluth Edison Elec—Pref stk(also as to assets)6% cu red 102
^
l506
First mortgage $2,000,000 gold redeem 105 sink fund..OB
Rate
%
When
,
j Payable.\.
When Due.
Where Payable, and by*
Stocks—Last
Whom.
Dividend.
j
|
$300,000
6
j
*
Nov 1 1913
100: 24,578,400
;
'
!
100
24,436,500 See text !. Q—M
Mar 29 ’07. 1H
7 In 1906«
ioo; See text.
Q—J
Apr 1 ’07, 1 H %
Checks mailed
1,000,
765,000|
5 g
J
&
J Washington Trust, N Y Jan 1 1918
100 &c
8,000,000
5 g
J
&
J Fourth Nat Bank, N Y July 1 1914
500 &c
1,000,000'
5 g
,J
&
J
do do and Denver
July 1 1923
501
Dec 1 1905, 3%
5,000,000 See text. See text. Checks mailed
1,000
5,618,000!
5 g
J
&
J Emerson McMlllin, N Y Jan
1 1923
1,000:
381,000
5 g
& A Guaranty Trust Co, N Y Feb 1 1918
F
500,000!
1,000
5 g
J
&
J Emerson McMlllin, N Y See text
6,600,000
1,000
5 g
J
&
J Office, 30 Broad St. N Y Jan
1 1933
666.000,
6
M &
do
do
Sept 1 1911
S
1,000,000
5 g
M & N
May 1 1932
&
O Central Trust Co, N Y
Oct
1,000
1,432.000 See text. A
1 1911
100
16,000,000 See text.
Q—M
By check from N Y office Mar 15 ’07. 2H
100
30,435,943 See text.
Q—J
By check
i.Aprj27’07,l \4 %
5 g
1,000 13,763,998
A & O Mercantile Trust Co, N Y Oct 1 1927
1,510,000*
6g
M &
S Manhattan Trust Co, NY Sept 1 1915
1,000
100
15,000,000 See text. See text. Checks mailed
Apr 2 '07, 1%
100
F
& A
do
do
Feb 1 '07,3
3,000,000
7
500 &c
5,000,000;
5 g
M & NNETr Co, Bost & Mont May 1 1940
100
!
20,000,000
i_
100
5,000,000 See text. See text.
Apr 1903 3 4 %
Corn
_.
i
l
..
.
""”500
i
100
1,000
J Bank of Montreal, Can
July 1 1929
1,928,0001
6
A
&
O Montreal, Canada
To Oct 1914
1,000,000 See text
Q—J
Standard Tr, N Y & Bos Apr 1 ’07 1 4%
7,811,000;
5
1,000,000;
5g
g
J
&
M
&
S Old Colony Tr Co, Boston March 1
1931
Aug. 1; In 1906. 7%; 1907, Feb., 3}u%.
On new common, 1% (quar.),
paid April 2 1907.
REPORT at length was given In V. 84, p. 515, showing net earnings of
$1,137,371 In 1906, against $1,573,832 In 1905: Interest on bonds, &c.,
I $295,555; dividend on preferred, $210,000; balance, surplus, $631,816.
Pres., James Ross, Montreal.
Directors March 1907, V. 78, p. 1112;
V. 83, p. 1231; V. 84, p. 162, 628.—(V. 84, p. 162, 505, 514, 573, 628.)
$282,361; balance, surplus, $138,408.
DOMINION
IRON
STEEL CO.—ORGANIZATION.—Organized
&
Pres.. C. W. Wetmore: Sec.. S. W. Burt: Treas., Geo. R. Sheldon. N. Y. | jnder the laws of Nova Scotia on June 17 1899: works at Sydney, Capt
Broad
Street.—(V.
office, 30
83, p. 381, 1473; V. 84, p. 751.)
Breton: dally capacity of 1,000 tons of steel.
Owns four blast furnaces,
DETROIT MACKINAC & MARQUETTE RR. LAND ORANT.—Under ! open-hearth plant, billet mill, blooming mill, rod mill, with capacity of 250
tons
the reorganization of the Det. Mack. & Marquette RR.. foreclosed Oct. ;
dally, &c.
See V. 79, p. 2203.
Rail mill, 700 tons dallyicapaclty,
Coke ovens (500 completed Jan.
1886, the holders of the land grant Income bonds retained their lien on the | has been operated since June 1905.
V.
1907.)
76,
lands along the line of the road In Northern Michigan.
p.
544;
V.
77,
p.
149;1V.
81, p. 1549.
See V. 76, p. 751. i
In Dec. 1903 the lease of the Dominion Coal Co. was canceled and the
Interest Is payable Apr. and Oct. as earned, at not exceeding 7% yearly; j
The proceeds
outstanding, $1,432,000; of the bonds, $1,339,000 purchased In 1903 to July | floating debt largely reduced by cash received by the latter.
of the $2,500,000 second mortgage bonds were used to complete the mills
V. 77, p. 173, 1871,2035, 2280; V. 79, p. 627.
1905.
and
other
From Oct. 1892 to Apr. 1902 2 % Interest was paid (1 % each In A.&O.) !
improvements.
V. 77, p. 772, 826, 2342; V. 78, p. 1394; V. 80,
at Central Trust Co.. N. Y.; In Apr. 1903 to Apr. 1906, both lncl., 3 4 % 1 p. 1481.
An agreement has been made with Dom. Coal Co. for 2 years be¬
each (A. & O.); Oct. 1906, 1%; 1907, April, none.
ginning
Nov.
6
1906
for
purchase
of 65,000 tons per month, pending settle¬
V. 83. p. 751, 818; :
ment of controversy over coal contract.
V. 84, p. 803.
V. 83, p. 1231,1473; V. 84, p. 628.
See report Feb. 1879 to Jan. 1900; V. 70, p. 684.
In Aug.
Bounties on pig Iron and steel Ingots were extended for four years from
1902 sale was arranged for about $1,250,000 of 1,000,000 acres (reserving j
Jan. 1 1907,
V. 83, p. 210, 1413, 1526.
for the bonds mineral rights In Marquette County).
This left unsold Jan. 1
STOCK.—Common, $20,000,000, all Issued; 7% cum. pref. stock ($5,1907 182,667 acres, besides mineral rights on 94,694 acres.
V. 77, p. 91.
000,000) subject to call at $115 per share or convertible Into com. stock at
Statement for 1905 was In V. 83, p. 432.—(V. 83, p. 818; V. 84, p. 803.)
holder’s option.
V. 72, p. 778; V. 74, p. 530.
DIAMOND MATCH.—ORGANIZATION, &c.—Organized In 1889 un- J
Dividend on preferred, 3H% Oct. 1 1901; In 1902 7% (A. & O.); 1903
der laws of Illinois.
Owns factories at Barberton, O., Detroit, Mich., Osh- i
April, 3l*%; none since to Jan. 1907. V. 77, p. 826; V. 83, p. 210.
kosh, WIs., Oswego, N. Y., &c.; controls companies In England, Germany,
BONDS.—Trustee of 1st mtge., Nat’l Tr. Co. of Ontario, Montreal, Can.
Switzerland. Peru, South Africa. &c.; see V. 76, p. 380, 656; V. 82. p. 389; j
Bonds may be purchased or called (drawn by lot) at 110 and lnt. for sink,
store properties at Philadelphia and St. Louis ana saw-mills, with extensive !
fund or In such amounts as m^y be desired on July 1 yearly.
V. 71, p. 1122.
pine stumpage. V. 73, p. 135: V. 76. p. 380, 1087.
As to California lumber i The $2,500,000 2d mtge.
6 % bonds mature $250,000 yearly on Oct. 1, be¬
purchase, see V. 76. p. 380; V. 78, p. 700; V. 80, p. 648; V. 82, p. 389. i ginning 1905. V. 76, p. 1251, 1357, 1410; V. 77. p. 149, 630, 826; V. 80,
Br. &;May, V. 76, p. 656; V. 77. p. 351, 629; V. 78. p. 289: V. 79, p. 2590; |
p. 1481, 2461; V. 81, p. 1549.
Real estate bonds May 31 1906, $55,833.
V. 80. p. 715; V. 82, p. 495. 564.
Selling arrangement. V. 82, p. 512.
REPORT.—Fiscal year now ends May 31.
Report for year ending
In April 1907 had an outstanding option at $1,500,000 on 93,000 acres j
May 31 1906 In V. 83, p. 210, showing total net Inc., $1,406,306; lnt. ana
of timber land, &c., adjacent to present holdings.
V. 84, p. 747.
sink, fund, $753,711; bal., sur., $652,595, Including $638,658 bounties
BONDS.—Remaining mortgage bonds can only be Issued for not exceed75% of the cost of additions and improvements.
V. 77. p. 2037.
The
tockholders on Aug, 15 1906 authorized $1,000,000 debenture bonds, con¬
vertible Into stock at the option of the holder after 3 years from date.
V. 83, p. 275.
Eastern Michigan Edison guaranteed bonds, see above.
V. 84, p. 751.
Year ending Oct. 31 1906, gross, $1,052,979; net, $420,769; bond Interest,
J
sng
,
1895.
1896 to Mar. 1907.
10
21 1-9
10 (2 4 quar.)
STOCK.—Increased In 1895 to $11,000,000 and In 1899 to $15,000,000.
Stockholders voted May 1 1906 to Increase the stock to $16,000,000, the
$1,000,000 new stock being offered to them at par to build new factories
in California and acquire lands.
V. 82, p. 389, 754, 1381.
DIVIDENDS.—
Since 1892
I
%]
1893
1894.
received.
For 5 mos. ending May 31 1905 total net
sink, fund, $299,327; bal., sur., $71,532.
Pres.,
20
Inc., $370,859; lnt. and
J. H. Plummer, Mon¬
treal; Vice-Pres., L. J. Forget, Montreal.—(V. 83, p. 1473; V. 84, p. 696.)
DULUTH EDISON ELECTRIC CO.—ORGANIZATION.—Incorporated
Has
In Minnesota In 1906 as successor of the Duluth General Electric Co.
unlimited franchise and 10-year contract with Great Northern Power Co.
expiring July 1915 to provide power on advantageous terms. V. 82. p. 573.
•ANNUAL REPORT.—Report for year ending Dec. 31 1906 In V. 84,
STOCK.—Com. stock $500,000, and pref. cum., $1,000,000, all Issued.
p. 747, showed net, $1,993,769; In 1905, $1,772,280; in 1904, $1,653,369. !
Pres., O. C. Barber; Treas., J. K. Robinson; Sec.. W. C. Findley; Aud., j Dlv. on pref., 1 V6 % quar., July 1906 to Apr. 1907, Inclusive.
BONDS.—Of the bonds ($2,000,000 authorized Issue) the $1,000,000
H. C. Cranz.
General offices, 56 Michigan Ave., Chicago. New York office, >
balance are Issuable for 80 % of cash cost of additions and Improvements,
111 Broadway.—(V. 84, p. 341, 747.)
f*rovlded for 12 months preceding net earnings shall have been twice the
DISTILLERS’ SECURITIES CORPORATION.—ORGANIZATION.— j nterest charges. Including the additional oonas.
They are subject to call
Incorporated In New Jersey on Sept. 18 1902 as successor per plan V. 74, p
at 105 as a whole or by an annual sinking fund of $25,000, beginning Jan. 1
1310, 1358, of the Distilling Co. of America, the latter having control of the , 1908, Interest to be paid on bonds purchased for benefit of sinking fund.
American Spirits Mfg. Co., Kentucky Distilleries & Warehouse Co., Spirits 1 See V. 82. p. 572.
Distributing Co. (dissolved In 1902) and Standard Distilling & Distributing
EARNINGS—Year ending Dec. 31 1906, gross, $292,492; net, $147,261;
Co ; see V 68 p. 1224 (dissolved In 1905); also several rye whiskey concerns,
Interest on bonds, $50,000; balance, surplus, $97,261.
List of properties,
Including Hannls Distilling Co. V. 69, p. 179, 494, 745.
Pres., A. VV. Hartman: Sec., C. E. Van Bergen; Treas., F. Hartman.
V. 73, p. 136; V. 71, p. 815; V. 69, p. 957.
Independent distilleries, V. 74,
(V. 82, p. 572, 989, 1442, 1500: V. 83, p. 1231.)
p. 157: official statement, V. 76, p. 100.
Ally Republic Distilling Co., V. 81,
E. I. DU PONT DE NEMOURS POWDER CO.—ORGANIZATION —
p. 1614; V. 83, p. 326.
In Oct. 1906 the United States Industrial Alcohol Co. was organized as j Incorporated May 19 1903 and took over various properties controlled by
the Du Pont Interests, and has acquired others.
V. 76. p. 1251; V. 77, p.
a subsidiary to manufacture denatured alcohol.
Of the $12,000,000 com- i
453, 1535, 1748; V. 78, p. 290, 1112; V. 82, p. 1214; V. 84, p. 806.)
mon stock a majority is controlled through a voting trust by the Distilling ;
STOCK.—Stockholders voted Nov. 5 1906 to Increase the limit of au¬
Co. of America, which guarantees the dividends on the $6,000,000 7% pref.
thorized common stock from $25,000,000 to $30,000,000.
Stockholders
—
stock.
V. 84, p. 341.
Owns over 90 % of the
I
stocks of the Distilling Co. of America.
The
new
bonds are secured by the deposit of the stocks and bonds acquired, and are
redeemable at 105 after 1908 and convertible at option of holder Into stock
at par at any time till Oct. 1 1912.
DIVIDENDS.—Jan. 1903 to July 1906. both lncl., 1% quarterly; Oct.
j.
offered the right to subscribe pro rata on or before Nov. 1 1906 for
$952,320 common stock at par, payable 40% Nov. 1 and 20% Dec. 15
1906, 20% Mch. 15 and 20% June 15 1907, or optionally In full on Nov. 1
1906. raising the amount outstanding to $25,104,190.
V. 83. p. 893.
DIVIDENDS.—On pref.. 5% yearly (Q.-J.) Oct. 1903 to Apr. 25 1907,
both Inclusive.
On common, Dec. 1904, >$%: 1905. 31-$%: 1906, Mch.,
1
June, 114%; Sept., 1?*'%; Dec., 1**%;
1907, March, 15*%;
June, 1?*%.
were
1906, 1M%; 1907, Jan., 1 J* %; Apr.,lH%.
REPORT.—Report for year ending June 30 1906 In V. 83, p. 750, showed
gross profits, $4,054,815; lnt.. taxes, additions, &c., $1,930,751; net profits, j
BONDS.—The 4 V$s of 1906 ($16,000,000 authorized) are a first charge
$2,124,064; against $1,568,880 In 1904-05; dividends (4%). $1,327,036; i
on the entire property; they are not secured by mortgage or deposit of col¬
bal., sur., $797,028.
See also V. 75, p. 904, and balance sheets of proprle- J
lateral.
Of the issue $9,210,000 were used to retire a part of the preferred
tary companies, V. 73. p. 898.
stock and $1,002,000 were exchanged for subsidiary bonds, the balance,
DIRECTORS.—E. J. Curley (Pres.), Lawrence L. Gillespie, W. P. Ward
(V.-P.), Amory G. Hodges, Franklin Q. Brown, W. Brentwood Smith, J. E. f $5,778,000, being reserved to take un the remaining subsidiary bonds.
V. 83, p. 99, 158, 274, 893; V. 84,p. 690.
Hulshlzer.
Executive Comlmttee—E. J. Curley. W. P. Ward, Amory G.
Hodges. Sec.-Treas.. R. C. Rann, N. Y.
Office. 15 Exchange Place
REPORT.—Report for calendar year 1906 In V. 84, p. 449, 690.
Interest on
Preferred
Common
Balance,
Jersey City.—(V. 83, p. 1349; V. 84. p. 341, 696, 751.)
Year.
Net.
Funded Debt. Div. (5%)
Dividend.
Surplus.
DOMINION COAL CO.. LIMITED.—ORGANIZATION.—Incorp. 1893.
1906...$5,367,028
$535,819
$989,236
(6 ^ %)$ 1 .533,826
$2,308,147
to
the Dominion Iron & Steel Co. made in 1902 was an¬
The lease
1905... 5,217,225
266,670
1,211,518
(3
%)845.315
2,893,722
nulled as of June 30 1903.
V. 77, p. 2342.
As to new contract for supply- j
1904... 4,585,162
307,245
1,211,518
(M%)120,759
2,945,640
Ing coal to the Steel Company, expiring 1992, which Is In litigation, see ]
OFFICERS.—Pres., T. C. du Pont; Treas., Pierre S. du Pont; Sec.
V. 77, p. 772. 826; V. 78, p. 1117; V. 83, p. 1231, 1473; V. 84, p. 515, 628; !
Main office. Wilmington Del.—(V. 82, p. 1442; V. 83,
contract with Mass. Gas Companies to end Dec. 1 1907, V. 75, p. 1257; j Alexis I. du Pont.
V. 83, p. 1292.
p. 99. 158, 274, 893, 1175; V. 84, p. 449, 690, 806.)
New contract has been entered Into for 4 years.
!
Output calendar year 1906, 3,552,746 tons; In 1905, 3,189,657 tons.
EASTMAN KODAK CO. (OF NEWJ ERSEY) .—ORGANIZATION.—In¬
STOCKS AND BONDS.—Common stock. $15,000,000.
Stockholders
corporated In New Jersey Oct. 24 1901 as an amalgamation per plan V. 73
April 17 1905 authorized $3,000,000 of 7 % cum. pref. stock and $7,000,000
p. 1114. of various operating companies, of which It owns practically all the
of 35-year 5 % bonds.
A syndicate purchased the new pref. stock and
stock.
See list V. 67, p. 1160, 1207; V. 69. p. 387; V. 75, p. 735, 613; V. 77,
$5,0(30,000 of bonds.
The outstanding $3,000,000 of 8 % pref. stock and ! p. 253. 300: application to list, V. 80. p. 1477.
$2,435,000 of 6 % bonds were called and retired and the floating debt paid.
Stock authorized, common, $25,000,000; pref. (also as to assets), 6%
New bonds (Royal Trust Co.. Montreal, trustee) are subject to call after
cum., $10,000,000; outstanding, common, $19,536,200; pref., $6,175,700.
May 1910.
Sinking fund of about $79,000 yearly, beginning 5 years from
Dividends on pref. In full to April 1 1907 Inclusive (paid Q.-J.).
No bonds.
their date, from which bonds will be called yearly at 105, beginning May
On common, Oct. 1902 to April 1907. Inclusive, 10% yearly (2)4% Q.-J.),
1911.
V. 80. p. 1365,. 1481; V. 81, p. 1732.
and in Jan., 2%; May 1 1906, 214%: and Dec. 1906 and May 1907,5% ext.
The new preferred stock Is convertibles for $. Into common stock at
Report for calendar year 1906, V. 84, p. 801, showed: Net profits, $4,holder’s option to May 1 1910. and thereafter subject to call at company’s i 915,700; dividend on pref. (6%), $369,942; dlv. on com. (17 M%). $3,418,option at 125 and accrued dividend, and entitled In case of liquidation to
Pres., George Eastman, First Vice-Pres, and
260; bal., sur., $1,127,498.
par, 15 % premium and accrued dividends In preference to com. stock.
No ; Treas., Henry A. Strong; Sec., Albert O. Fenn. Office, Rochester, N. Y
additional mtge. can be made without the consent of 51 % of outstanding
(V. 84, p. 751, 801, 806, 870.)
preferred stock.
V. 80, p. 1732. The plan reduced charges, Including
EDISON ELECTRIC ILLUMINATING CO. OF BOSTON.—ORGANI
pref. dividends, during first Ave years, to $460,000, against $730,137 in 1904
ZATION.—Incorporated In 1886.
In 1903 controlled entire electric ligh
and about $655,000 In 1903.
Cape Breton real estate debentures, $310,256,
business of City.
V. 75, p. 1251; V. 76, p. 1251, 1303; V. 81, p. 157.
Re
and Dominion rolling stock debentures. $229,908.
ductlon In prices July 1 1906, V. 83, p. 40.
DIVIDENDS.—Old pref. paid In full to Jan. 1905, lncl. (4 % J. & J.).
STOCK.—Stockholders voted Nov. 22 1906 to Increase the stock from
On old com. stock 4 % Oct. 1 1902; Jan. 1903 2 %; April, 2 %; July, 2 %;
$11,488,100 to $13,908,100.
Oct..lH%: 1904, Jan., 3 %; none later.
First dividend on new pref.
Stockholders subscribed for about 6% of $1,149,500 new stock at $
for period from May 12 to July 31 1905, at rate of 7 % yearly, was paid
—
164
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEO US.
For
explanation of column headings,
first page of tables.
INTEREST OR DIVIDENDS.
&c.,
see
notes
on
Date
Size, or
of
Par
Value.
Bonds
(El)
du Pont de Nemours Pow—Comstk ($30,000,000)
Preferred stock 5% cumulative $25.000,000
Amount
....
Equitable Illuminating Gas Light Co of Phila—Common stock
Preferred stock 6 %
First mortgage gold redeemable at 105.
N
Erie & Western Transp—1st M $1,500,000 red (text)__GP c*
Fairmont Coal Co—Stock $12,000,000
Mortgage ($6,000,000 gold) sinking fund (see text)__G c*
Collateral notes subject to call at par
Car trust bonds, due $162,000 yearly
MBa.c*
Federal Mining ec Smelting—Common stock $10,000,000
Preferred (as to assets) 7 % cumulative $20,000 000 auth ■
General Asphalt—Pref stk 5 %cum|(from June 1905)also ass
General Chemical Co—Common stock $12,500,000
Preferred stock also assets 6% cumulative $12.500,000..
General Electric—Common stock ($80,000,000)
Debentures for Sprague stock $2,500,000 gold red (text) .c
1,000
1,000
1901
1907
1906
1,000
5,000
1.000
1902
100
100
100
100
100
100
100 &c
per share, payable $100 April 15 and $115 June 3 1907, or optionally In
full April 15, raising the amount outstanding to $12,644,500.
The remain¬
sold later.
V. 84, p. 573, 870,934.
DIVIDENDS.—In Feb. 1901 3%, Including 1 % extra; May 1901 to May
1907, both inclusive, 10% yearly (paid Q.-F.).
BONDS.— Bonds are $289,000 Boston Electric Light 1st 6s (Int. M. & S.)
due Sept. 1 1908: $ 1.110,000 1st consol, gold 5s(authorlzed Issue $1,250,000),
due Sept. 1 1924; $50,000 Somerville Elec. Light 5s, due 1913, and $175,000
Woburn Light, Heat & Power Co. 6s, due 1918. int. A. &0.,at Mercantile
Trust Co., Boston.
In Oct. 1906 made real estate mortgage for $350,000
V. 83, p. 1101.
Notes outstanding Jan. 1 1907, $1,579,000.
V. 84, p. 934.
REPORT.—Report for year ending June 30 1906 in V. 83, p. 1095.
Year—
Gro*s.
Net.
Other Inc. Interest. Divid'd*.
Bal,,sur.
1905-06
$3,780,911 $1,370,426 $49,257 $78,966 $1,148,810 $191,907
1904-05.
3,346,027
1,202,921
33,286
1,070,770
71.416
94,021
.
or
.
%
Pay able.
Where
\
,
Payable,
Whom.
10,450,000
8,145,000
1,524,000
2,281,400
2,500,000
3,125,000
3,125,000
6,202,000
1,500,000
12,000,000
5,103,000
2,000,000
See text.
6,000,000
12,000,000
13,139,663
7,410.300
11 .000.000
65,217,200
.
2.047.000
Q—F
of
o.
w
J’nel5’07,l ?4 %
do
Apr25’07, 1K %
Co, N Y June 1 1936
& Lond May 1 *07 5%
do
jAprl’07,1^%
York.
May 1’07,2
j
Checks mailed
See text.
6
Bonds—Prtncipal. When Due.
Stocks—Last
Dividend.
by\
By check
Ne
Q—J
and
I
'Apr 1’07,1 K%
1899, 8 %
M
See text. J
6 in 1906
6 in 1906 J
5 g
J
&
&
Dec
&
N Morton Trust Co, N Y
Nov 1907
J Checks mailed
Checks mailed
D
do
Jan 1 ’07 3 %
iDec 1906, 6%
do
Dec
1906, 3%
1 1928
&
J New York Trust Co, N Y Jan
4 g
1 1925
J
&
J Treasurer’s Office, Phlla Jan
See text. See text. Checks mailed
Feb 1
*07 3%
5 g
5
5 g
See text.
7 In 1906
4 In 1906
See text.
6
8 In 1906
3 Vi g
J
J Guaranty Trust Co, N Y July 1 1931
N Y Mch 15 1909
S Maryland Trust Co, Balt Sept 1907-1918
M &
Q—M
!Mch 15’07 5%
Q—M
Mchl5’07,l K %
M
&
S
iMch 1 1907, 1 %
See text. 25 Broad St, New York Mch 4 1907, 2 %
Q—J
^
do
do
jApr 1*07,1
Q—J 15 Check from Co.’s Offlce|Aprl5 ’07, 2%
F
&
A Guar Tr Co. N Y: & Bost Aug 1 1942
&
M& S 15 Windsor Trust Co,
Sink, fund, 2 cents per ton of coal mined. Car trust, Dec. 1906, $1 14.540.
Dividends.—1904, 2%; 1905, 3; ’06, Feb., 2; June, 1 V2; ’07, Feb., 3%.
REPORT.—Report for year ending Dec. 31 1905 In V. 82, p. 1154.
Year.
Gross.
Tot.net. Charges.&c. Bal.fur divs. Dividends. Bal., stir.
1906.$4,516,588 $1,783,782 $710,353 $1,073,429 (4
%)$540.000 $533,429
1905. 3,518,674
990,705 618,389
372,316
(2%) 240,000
132,316
Pres., C. W. Watson.
Office, Baltimore, Md.; sales office, 1 Broadway,
New York.—(V. 82, p. 1154; V. 83, p. 158; V. 84, p. 162, 696.)
FEDERAL
MINING
&.
SMELTING
CO.—ORGANIZATION.—Incor-
Soratedd’Alene
under laws
of Delaware
1903. contract,
Owns silver-lead
district,
Idaho. June
Has 25
six-year
1
expiringmines
Sept. In
oeur
1909, to sell entire output of present mines to American Smelting & Re¬
fining Co.
See V. 79, p. 2694, 2089; V. 77. p. 203; V. 81, p. 1377.
In
May 1905 the American Smelters’ Securities Co. (controlled by the Ameri¬
can Smelting & Refining Co.) acquired control.
V. 80, p. 1974.
STOCK.—Pref. has no voting power except in connection with increase
OFFICERS.—Pres.. Charles L. Edgar; Treas.; T. K. Cummins.
Office.
3 Head Place, Boston, Mass.—(V. 84, p. 510, 573, 870, 934.)
of pref. stock, but is preferred as to assets in case of dissolution.
No bonds.
Divs. on pref., I K % quarterly (Q.-M. 15) to Mch. 15 1907 inel.
EDISON EL. ILL. OF BROOKLYN.—See Kings Co. El. L. & Power
On com.
'
m%
quarterly
(Q.-M.
15),
June
1904
to
Mch.
1907,
both
inel.,
and in
EDISON ELECTRIC ILLUMINATING CO. OF NEW YORK.—See N. Y. '
1
%
extra
1905,
in
each
and
quar.;
Mch,
June
and
Sept.
’06
2%
in Dec.
Edison Co. under Consol. Gas of N. Y.; also April 1899 “Supplement.”
3 H % extra; In Mch. 1907 3K % extra.
ELECTRIC BOAT CO.—ORGANIZATION.—Incorporated In New Jer¬
REPORT for year ending Aug. 31 1906 was in V. 83, p. 967.
sey on Feb. 25 1899 and acquired all of the capital stock of the Electric
Fiscal
Net
Divldend on
Dividend on
Balance,
Launch Co., the Holland Torpedo Boat Co. and the Electro-Dynamic Co., i
Year—
Profits.
Pref. Stock.
Common Stock.
Surplus.
<5cc.
V. 69, p. 697.
Par, $100.
Issued, common, $4,999,600; pref., 8%
1905-06
$2,685,300
(7 %) $803,650
(14 ‘K %) $843,806
$1,037,843
non-cum.. $2,597,500.
V. 69, p. 697.
Div. on common, 2% paid Dec. 31
1904-05
1 242 697
(7%) 699.016
143,801
(9%) 399,879
1906.
Div. on pref., 2 %, Q J, paid Oct. 1903 to April 1907. both Inclusive’ [
Pres., Ohas. Sweeney; V.--P. and Chairman, Edwin Packard; Treas., F. W.
New directors Mch. 1907, V. 84, p. 452.
Pres., T. L. Rice; Sec.. Maurice
Hills; Sec., Frederick J. lvilner.
Directors; Eugene J. Barney, Dayton, O.;
Barnett, 11 Pine St.—(Yr. 82. p. 163; V. 83, p. 1414; V. 84, p. 452.)
G. M. Borden, Thos. O. Callender, F. W. Hills, John K. MacGowan, W. E.
ELECTRIC CO. OF AMERICA.—See American Gas & Electric Co.
Merrlss, Edwin Packard, Thos. J. Phillips, Judd Stewart, Charles Sweeney,
Edward Brush and F. T. Gates of New York; Horace G. Knowles, Wil¬
ELECTRIC STORAGE BATTERY —Incorporated in 1888 under laws of
New Jersey.
mington, Dei.—( V. 83, p. 967, 971, 1349.)
Owns basic patents for storage batteries.
(V. 69, p. 76, 850.)
Acquired in 1899 $6,364,600 stock of Electric Vehicle Co. and in Oct. 1902
FEDERAL SUGAR REFINING CO.—V. 84, p. 341, 691, 870.
an English company.
V. 75, p. 908; V. 76, p. 657, 921; V. 77, p. 34, 91. J
GENERAL ASPHALT CO.—ORGANIZATION.—Incorporated in N. J.
Statement showing properties, &c., V. 77, p. 34; V. 76, p. 868.
on May 19 1903 as successor of the National Asphalt Co., per
plan V. 75
STOCK, &c.—Stock authorized, $18,000,000; outstanding, pref., 1 %
p. 188; V. 76, p. 1145; V. 79, p. 101. 2586. 2699; V. 80, p. 2218; V.82.p.l208.
cum., $214,200,convertible Into com. stock, share for share: com
$16,015,STOCK.—As to right of conversion, call, &c., see V'. 79. p. 2586.
225; par of shares, $100.
After 1 % on pref., com. and pref. share equally.
DIVIDEND.—On pref., In 1906, 4% (M. & S.); 1907, Mch., 1%.
On com., April 1 1901 to April 1 1907, both inel., 1 }{ % quarterly (Q.-J.).
VOTING TRUST.—Stock is vested for 10 years In live voting trustees,
EARNINGS.—Statement for cal. year 1906 in V. 84, p. 747, showed total
viz., Rudulph Ellis, William F. Harrity, Alvin YV. Krech, Henry Tatnall
net earns., $1,059,373; divs. paid, $812,450; bal., sur., $246,923; total stir.
and George R. Turnbull; but the trust may be dissolved in whole or in part
Dec. 31 1906, $3,754,452.
Pres., Herbert Lloyd; Sec. and Treas., Walter
at any time bj* unanimous consent, or after 7 years as a whole, in the dis¬
G. Henderson. Philadelphia.
Office, Allegheny Ave. and 19th St., Phila.
cretion of a majority of trustees.
(V. 82, p. 695, 801; V. 84, p. 696, 747.
Bonds of subsidiary companies: $882,100 Barber Asp. Pav. deb. 6s, due
ELECTRIC VEHICLE CO.—ORGANIZATION.—Incorporated In 1897,
April 1 1916, subject to call at par, beginning 1906; $1,664,220 New Trinidad
under the laws of New Jersey.
Lake Asphalt deb. 6s due Jan. 1 1930.
V. 70. p. 1197, 1252; V. 71. p. 1169.
V. 70. p. 993; V. 71, p. 545; V. 79,
See
V. 69, p. 850; V'. 72, p. 495. Selden patent, V'. 76, p. 754; V. 77, p. 253.
p, 101; see also securities owned, V. 73, p. 290.
SECURITIES.—After 8% on com., divs. are to be divided pro rata be¬
REPORT.—Report for year ending April 30 1906 in V. 82, p. 1208
tween the com. stock and pref. stocks.
showed results for 12 mos. ending Jan. 31 1906;
Electric Storage Battery Co. in May
Total gross income
1903 owned $3,152,300 pref and $3,212,300 com. stock and $544,000 bonds.
$13,323,347; net income, $1,328,730; interest,, taxes, bad debts
&c.
DIVIDENDS.—Pref., 1899,8%; 1900,2%. Com., 1899,8%: none since.
$795,738; profit, $532,992; div. on pref. (2%), $262,794; bal., sur., $270,198.
OFFICERS.—M. .1. Budlong, Pres.; II. W. Kyte, Sec. and Asst. Treas.;
OFFICERS.—Pres., John M. Mack; V.-P., Avery D. Andrews and Arthur
W. G. Henderson. Treas.
W. Sewall: Sec., Ira Atkinson; Treas., Clyde Brown.
Office, Hartford, Conn.—(V. 79, p. 1464.)
Office, Land Title
EMPIRE STEEL & IRON CO.—Incorp. in N. J. in 1899.
Bldg.. Phila.—(V. 82, p. 1208, 1215; V. 83, p. 158; V. 84. p. 452.)
V. 68, p. 524.
As to Allegheny Ore & Iron Co., see V. 83, p. 494; V. 82, p. 1267.
GENERAL CHEMICAL CO.—ORGANIZATION, &c.—Incorporated in
DIVIDENDS 1 July’99 to July *00. ’01.
New York on Feb. 15 1899 as a consolidation of the Nichols Chemical Co.,
’02.
’03.
’04. ’05. ’06 1907.
on oref. (%>
I
6 yearly.
James L. Morgan & Co., &c.
3
3
3 4
V. 68, p. 571; V. 74, p. 1093; V. 73, p. 724.
3 Jan.. 3
2
3
In 1906 net earnings (over $70,246 charged off for improvements, dcprec.’n,
STOCK,—Stockholders in April 1906 subscribed for $1,000,000 pref.
<Xec.), $300,695; dividend (4 *4 %) on pref., $112,500; bal., sur., $188,195;
stock at par, proceeds being used for new plant, &c. V. 82, p. 512, 631.
Pres., Leonard Peekltt, Catasauqua, Pa.; Sec. and Treas., J. S. Stil man
REPORT.—Report for year ending Dec. 31 1906, with bal. sheet, in
Catasauqua Pa
V. 84, p. 269, showed: Net protits, $1,365,789; charged off, $181,963; div.,
N. Y. office. Ill Broadway.—(V. 84, p. 510, 573.)
EQUITABLE GAS LIGHT (OF N
6% on pref., $645,000; div. on com. (4%), $296,412; bal., sur., $242,414.
Y.) —See Consol. Gas Co
On pref., Oct. 1899 to April 1907, both Inel., 6% per annum (lt£ Q.-J.).
EQUITABLE ILLUMINATING GAS LIGHT CO. OF PHILADELPHIA
On common, 1900 to 1902, both Inel., 4% -yearly; In 1903, 5% (Q.-M.); in
—Org. in 1898 by United Gas Imp. Co., which owns majority of the stock,
to operate gas works leased from city of Philadelphia.
1906, 4% (\r. & s.): 1907, Mch., 2%.
V. 66. p. 426.
Sink, fund of $ 124,000 yearly, to retire bonds at 105; and
OFFICERS.—Chairman.of the Board, William if. Nichols; President,
beginning in 1908
Edward H. Rising; Sec. and Treas., James L. Morgan; Chairman Exec.
the Improvement Co. agrees to create a sink, fund to retire the stock In
1928, when the property Is to revert to the city.
Com., Wm. H. Nichols, N. Y., 25 Broad St.—(V. 84, p. 269, 452.)
Lease may be terminated
by city in 1908 on making certain pavinent.
Total exnended for Improve
GENERAL ELECTRIC CO.—ORGANIZATION.—Organized under a
ments to Dee. ai
1906 $12,265,491 and the interest accrued thereon
special charter of New York April 15 1892, and manufactures outfits for
$4,509,817; total -.as repo ted by Un. Gas Imp. Co. to city), $16,775,308.
electric railways and all kinds of electrical supplies.
In 1896 pooled pat¬
DIVIDENDS..1898. 1899. 1900. 1901
1902. 1903. 1904. 190.5. 1906
ents with YVestlnghouse Elec. & Mfg. Co.
V. 62, p. 502, 635, 1040; V. 65,
Common (%)
6
6
4
6
6
6
6
6
6
p. 151; V. 68, p. 1024.
(See
V. 68, p. 927.)
V.
70,
p.
689; V. 80, p. 1481
Preferred (%)
6
4
6
6
6
6
6
6
6
V. 83, p.689.
(V. 82, p. 283, 1043; V. 83, p. 215, 1101; V. 84, p. 274.)
Contract for power, V. 72, p.583. In June 1901 obtained controlling Inter¬
ERIE & WESTERN TRANSPORTATION CO.—O KGANIZATION.—
est in British Thomson-Houston Co., Ltd., of London.
V. 72, p. 1283.
In
Owns terminals, incl. grain elevators and freight warehouses, at
Feb. 1903 about $2,900,000 of the $3,000,000 stock of Stanley Elec. Mfg.
Chicago,
III., Buffalo, N. Y.,and Erie, Pa.. and vessels plying on the Great Lakes, all
Co. was purchased.
V. 76, p. 437.
Owns entire com. stock of Electrical
used by the Penn. RR., which Jan. 1 ’07 owned $2,499,650 and Northern
Sec. Corp. and Elec. Bond & Share Co. V. 79, p. 1706, 2645; V. 81, p. 510.
Cent. Ry. $500,000 of the $3,000,000 stock.
Bonds are guar, by the Con¬
Owns the rights for the U. S. under patents covering Curtis steam turbine
necting Terminal RR. of Buffcdoand Western Warehousing Co. (of Chicago);
V. 76, p. 1195; V. 77, p. 2161; V. 82 p. 1272.
engines.
Co-operates
they are subject to call at 105 after Jan. 1 1910.
V. 70, p. 432; V. 80, p.
with Am. Locomotive Co. in building electric locomotives.
V. 79, p. 1022.
711; see application to list, V. 81. p. 724.
STOCK.—On July 15 1902 a stock distribution of 66 2-3 % was made,
For 10 years ending Dec. 31
1903 dividends were at the rate of 4 % to 5
% yearly: In 1904 and 1905,
thus restoring the 40 % surrendered in 1898.
See V. 74, p. 729, 777, 1199,
none.
In 1903 gross earnings were $1,118,936.—Office, 26 South 15th
1252; V. 75, p. 32; V. 81, p. 1377, 1668.
St.. Philadelphia.—(V. 81, p. 724.)
It was voted Nov. 20 1906 to increase the authorized stock from $60,000,FAIR MON T COAL CO.—ORGANIZATION.—Incorporated In West Vir¬
000 to $80,000,()()(), $10,861,200 being sold to stockholders pro rata at
par
ginia June 19 1901 as a consolidation of coal companies near Fairmont,
for working capital and extensions, raising the amount outstanding April 16
V’. Va.
Owns 30,280 acres of coal lands and rights and about 4,030 acres
1907 to $65,217,200.
V. 83. p. 893, 1349.
of surface; also 24,986 acres under perpetual lease.
See V. 74, p. 98, 43L.
1902
1903
1904
DIVS.—J1899
1900
1901
1905
1906
1907.
The Consolidation Coal Co. of Maryland (see above) owns control.
Per cent..1
3
' 8
6H
9
8
8
8
8
Inel.Apr. 4
The Fairmont owns $2,879,700 of the $3,000,000 Clarksburg Fuel stock
DEBENTURES.—In 1902 $2,049,400 deb. bonds were issued, redeem¬
and $1,350,000 common and $270,000 preferred Northwestern Fuel Co.
able on or before Aug. 1 1912 at par and thereafter at 105.
V. 75, p. 139.
stock; $ 1,786,900 of the $2,25o,ooo Pittsburgh & Fairmont Fuel Co. stock,
EARNINGS.—For 9 months ending Oct. 31:
and $500,000 stock and $4oo,ooo bonds of the Southern Coal
9
mos.
Transpor¬
Gross.
Net.
Oth.inc. Deb.1nt. Dtp.(6%)
Bal., sur.
tation Co., owning about 5,000 acres at Berryburg, W. Va. (the last named
1906
$41,774,812 $7,471,486 $525,367 $55,796 $3,258,218 $4,682,839
acquired July 19o6).
V. 78, p. 1272; V. 79. p. 2699; V. 82, p. 1154; V. 83,
1905.... 29,346.567
5,217.349
743.107
2.895.610
56,503
3,008,343
p. 158.
Clarksburg Fuel Co. (report for 1905, V. 82, p. 1155) has outstand¬
ANNUAL REPORT.—Annual meeting Is held the second Tuesday in
ing $2,oi4,ooo l.st 5 % and $393,000 6 % bonds, and the Pittsburgh & Fair¬
May.
Report for 1905-06 was given at length in V. 82, p. 1038, 1047.
mont Fuel Co. (report for 1905, V. 82, p. 1
155), $1,300,000 30 year gold 5s
Year ending Jan 31—
1906.
1905.
1904.
(lT. S. Mortgage tNc Trust Co., N. Y., trustee), due Juy 1 1935, subject to
Income—Sales
$43,146,902
$39,231,328
$41,699,618
call at lio. interest J. & J.
I11 Mch. 1907 $2,000,000 of 2 year collateral
Royalties, &c
798 539
465,717
750,797
notes were sold.
V. 84. p. 628.
Car trust bonds (serial 5s), $1,944,000,
Interest and discount
300,782
344,381
194,745
dated Sept. 1 15)06, of which $1,000,000 deposited as part security for notes
Sale of securities, &c._
173,390
281,928
138,644
above-mentioned; $1,164,000 had been issued to Jan. 1907.
'Tonnage
mined In 1906, 4.257.999 tons; In 1905, 3,748,230 tons.
Total Income
$44,419,613
$40,323,354
$42 783.804
Bonds.
Date.
Int.
Outstanding.
Maturity.
Operating expenses and taxes
37,025,347
$33,528,136
$34,918,427
Briar Hill Coal & Coke M
1900
5 J&D
$195,000
June 1 ’06 *13
Interest on debentures
75,106
75,672
76,007
Fairmont 1st M. of 1901
See table at top of page
Of the 5s of 1901, $195,000 are reserved to retire the
Balance for dividends, &c
underlying bonds.
$7,319,160
$6,719,546
$7,789,370
,
.
—
-
2
When
See text.,1
10
Consolidat ed Gas C
16,249,425 5 In 1906
100
-
Rate
$100 $24,944,547. See text. Q—M 15 Checks mailed
100
14,866,142 5 In 1906 Q—J 25
do
4 K g J
&
D Guaranty Trust
1,000 10,212,000
100: 19,536,277 See text.
Q—J
Rochester, N Y
100
6
6,165,700
Q—J
;
do
1898
1905
•
I
Outstanding
Bonds (not mortgage) $16,000,000 gold red at 110
G 1906
Eastman Kodak—Common stock $25,000 000
'
Preferred (also as to assets) $10,000,000 6% cumulative..
!
Edison Electric Ilium Co, Boston—Stock (bonds see text)..
100
Edison Electric Illuminating—See Kings County Electric Lig ht & P ower and
Electric Storage Battery—Stock ($204,200 Is preferred) text
100
Electric Vehicle Co—Common stock $11,000,000 authorized
100
Preferred 8 % non-cumulatlve $9,000,000 authorized
100
r.
Refund 1st M $2,225,000 extended in 1905 (V 74 p 98) Mo
1902 I
1,000
100
Empire Steel & Iron—Stock common $5,000.000
i
Preferred stock 6 % cumulative
100
der will be offered
[VOL. LXXXIV.
.
—
APR.,
1907.]
MISCELLA NEO US.
explanation of column headings, &c., see notes on
first page of tables.
j
M guar p & 1 by Penn RR
r
Granby Consolidated Mining S & P—Stock, $15,000,000 auth
Great Lakes Towing—Common stock $2,500,000
Preferred 7% non-cumulatlve $2.500,000
[
Greene Cananea Copper—Stock, $60,000.000
I
Havana Tobacco Co—Bonds $10,000,000 gold
j
Illinois Steel—See United States Steel Corporation
Ingersoll-Rand—Common stock, $5,000,000
j
Pref stock 6% cum (also as to assets), $5,000,000
-.-.j
1st M $3,000,000 g red 105 beg 1911
N.c*&r
International Harvester—Common stock, $60,000,000
Preferred (also as to assets), 6 % cumulative, $60,000,000.-!
International Mercantile Marine—Stock common $60,000,000
Preferred stock 6% cumulative $60,000,000
J
Internat Nav 1st M gold $20,000,000 subj call (text) -FP.c*|
I M M coll tr deb $75,000,000 red 105 after 5 yrs__N.c*&r
Fred Leyland & Co first mortgage debentures
r
International Nickel—Common stock $12,000,000 authorized
Preferred stock 6 % non-cumulatlve $12,000,000 authorized
First mortgage $12,000,000 gold call at 110
N
International Paper—Stock common $20,000,000
1
Preferred 6 % cum $25,000,000 (underlying bonds text).-!
First cons M $10,000,000 g red after 1907 at 105 conv_ Us.c*
Cons M $10,000,000 gold red sink fd conv (text) ..Col c*
International Power—Common stock $7,400,000
Preferred 6 % cumulative $600,000
International Salt—Stock $30.000,000
!
Mortgage gold $12,000,000 red 105 s f $200,000 yrly -Usm
Girard Point Storage—First
of
Bonds!
1890
Size, or
Par
Amount
Rate
Value.
Outstanding
%
$1,000
$2,150,000
100
13,500,000
100
100
100 &c
100
100
100
'
1906
1899
1902
1902
i
1,000
1,000
£100
100
100
•1,000
100
100
1898
1905
1901
Where Payable,
Payable.,
Whom.
When
A
3 H
Q—M
100
1,675,000
100
1,952.850 7 In 1906
20 V 83 .p.l 593
i
1,000
7,500,000
5 g
!J
1902
1,000
1,000
$100
100
100
500 &c
Balance 1905-06, as above, $7,319,160; dlv. (8%) on stock, $3,861,062;
total surplus Jan. 31 1906, $9,569,196; deducting $1,000,000 from patent
account, leaves total surplus Jail. 31 1906, $12,027,299.
Cash Oct. 31 1906,
$1,302,193; accounts receivable and work In progress, $29,204,026; stocks,
bonds, real estate, &c., $19,148,311; accounts payable, &c., $7,333,240.
Bonds—PrlncU
INTEREST OR DIVIDENDS.
i
,
Date
For
105
INDUSTRIAL STOCKS AND BONDS
&
and by.
[
3,000,000
4,800,000 6 in 1906 J
5 g
J
2,000.000
60,000.000
60,000,000
Jail 15 ’07,2%
Apr 1 '07,1^ %
Cleveland, Ohio
D Morton Trust Co, N Y
J Office, 11
Dividend.
1 1940
Mch 30 ’07. 3%
!
•
&
Stocks—Last
Oct
O Treas. Office. Phlla.
Q—J
P^l. When Due
B’way, N Y
'
June 1 1922
!Jan 1 ’07
3‘
Dec 31 19 35
49.932 735
F
&
4WgA
&
5 g
19.618.000
52.744,000
£367,100
J
4
&
A Company’s Office, N
O J P Morgan & Co,
D
Y
Feb
N Y Oct
1 1929
1 1922
8.822,662
43 Exchange Place, N Y May 1 ’07.
8,912,626 6 in 1906
Q—-F
O New York Trust Co, N Y April 1 1932
A
&
5 g
9,770,837
Checks mailed
July 1 1899, 1
17,442.800
6
!
;
Apr 1 ’07,1
do
Q—-J
22,406.700
F
6 g
& A Metropolitan Tr Co, N Y Feb
9,771,000
1 1918
5 g
J
&
J
do
do
Jan
1 1935
6,000,000
...
\
..
...
$5,047,000 See text. See text.
600,000 See text. See text.
18.228.000 See text.
Q—M ;.
6.450.000
5 e
A
&
O Office. 170 Broadway
%
%
Tan 1906. 1 %
Jan 1906, 1 %
Dec 1 1906, 1 %
0*-r
1 1951
DIRECTORS.—Americans.—C. A. Grlscom, P. A. B. Wldener, Percy
I. Waterbury, E. J. Berwlnd, George YV. Perkins, John F.
Archbold, Charles Steele, E. C. Grenrell, J. IT. Ismay, J. P. Morgan Jr.,
Rt. YV. J. Pirrle, Charles F. Torrey and Henry Wilding.
Office, 9 Broadway, N. Y.— (V. 83. p. 1232; V. 84. p. 341. 934.)
INTERNATIONAL NICKEL CO.—Incorporated In N. J. Mar. 29 1902
Chubb, John
Griffin (1st V.-P.), Gordon
and acquired control of Canadian Copper Co., with plant at Copper ClifT,
Coolldge Jr., Frederick P
Fish, Geo. P. Gardner, Henry L. Higginson, J. Plerpont Morgan, J. P. I Ont. (new plant. V. 77, p. 952); Nickel Corporation of London, with mines
iit New Caledonia, and the Orford Copper Co of Bayonne, N. J., &c.
V.
Ord, Robert Treat Paine 2d, T. K. Henderson, Charles Steele and E. W.
Treasurer is Henry W. Darling; Sec., M. F. Westover;
Rice Jr.
New 75, p. 1205, 1257.
i
York office, 44 Broad Street.—(V. 83, p. 1349, 1414, 1474, 1593.)
DIVIDENDS.—On pref., 1 H% quar. paid Feb. to May 1907. both lncl_
REPORT.— Report for year ending March 31 1906 in V. 82, p. 1210
GRANBY CONSOLIDATED MINING, SMELTING & POWER CO., i
showed total net income of constituent cos. (excluding two in New Cale¬
LTD.—ORGANIZATION.—Incorporated Mch. 29 1901 In British Colum¬
donia), $1,858,533; lnt. oil bonds, $497,900; div. on preL (3%), $267,301;
bia.
Owns low-grade copper, &e., deposits; also smelter at Grand Forks,
bal., sur., $1,093,272.
B. C.
V. 79, p. 1644; V. 81, p. 1490.
Stock authorzied, $15,000,000; out¬
OFFICERS.—Chairman of board, Robert M. Thompson; Pres., Ambrose
standing, $13,500,000; par $100, being changed from $10 In 1906.
No
bonds/
Dividends, 1% paid Dec. 1903; 1906, Jan., May5, Sept, and Dec.,
Monell; Sec., Stephen H. P. Pell; Treas., James L. Ashley.
Office, 43
3% each; 1907, Mch. 30, 2% (quar.) and 1 % extra.
Exchange Place, N. Y.—(V. 82, p. 1210.)
Report for year end¬
ing June 30 1906 In V. 83, p. 1095.
President, Jacob Langeloth; Sec.,
INTERNATIONAL PAPER.—Incorporated Jan. 31 1898 and took over
Office, 52 Broadway.—(V. 84, p. 223, 628.)
Northrup Fowler.
by purchase 25 of the principal pulp and paper mills of the U. S., see V. 81,
GRAND RAPIDS GAS-LIGHT CO.—See Amer. Light & Traction.
p. 2623; V. 67, p. 428, and V. 69, p. 494; also applications to list In V. 67,
p. 1359, and V. 68, p. 726; V. 80, p. 1482.
Daily output about 1,700 tons.
GREAT LAKES TOWING CO.—ORGANIZATION.—Incorporated In
See prospectus In V. 66, p. 288, and V. 67, p. 177; also olfidal statement,
N. J. on July 6 1899 as a consolidation of towboat companies along the
V.
DIRECTORS.—C. A. Coffin (Pres.), Eugene
Abbott, Oliver Ames, W. M. Crane, T. Jefferson
See V. 69, p. 79. 593; V. 72. p. 778.
DIVIDENDS..1900. 1901. 1902. 1903. 1904. 1905.
1906.
1907.
On com. (%)
0
0
Jan.,2
0
0
0
0
0
On pref. (%)
33 'A
0
0
7
7 Incl.Apr.,3H
7
Pres, and Treas.
Edward Smith, Cleveland, O.—(V.83, p. 1292.)
Great Lakes.
GREENE CANANEA COPPER CO.—See V.83. p.1526, 1593; V. 84,p.870.
GREENE CONSOLIDATED COPPER CO.—V. 84, p. 393, 510,
806.
GUGGENHEIM EXPLORATION CO.—V. 83, p. 1415; V. 84, p.
505.
V. 79. p. 2799.
HAVANA TOBACCO CO.—ORGANIZATION.—Incorporated In N. J.
on May 28 1902 and acquired per plan, V. 74, p. 1142, control of the Havana
Commercial Co., Henry Clay and Bock &Co., Ltd., H. de Cabanas y Carbajal
and J. S. Murias y Ca.
Controlled by same Interests as Am. Tobacco Co.
Stock, com., $30,000,000; pref., 5 % nou-cum., $5,000,000, all outstand¬
ing; par of shares, $100.
Bonds, $10,000,000 20-year gold 5s, of which
$2,500,000 In treasury.
Report for cal. year 1906 was in V. 84, p. 567, 628.
showing net earns, after chges. and exp., $128,994; lnt. on gold bus,$375,000;
Office. Ill Fifth Ave., N. Y.—(V. 84, p. 567).
bal., def., $246,006.
HERRING-HALL-MARVIN
SAFE
CO.—ORGANIZATION.—Incor¬
porated In N. Y. on Sept. 22 1905, per plan In V. 80, p. 999. Stock, $700,000, all outstanding; par of shares, $100.
Gold debentures notes, $410,000 of 6s; maturing to 1915.
V. 78, p. 1395.
The 1st pref. of old company received par In new stock, the 2nd pref.
HACKENSACK WATER CO.—V. 75, p. 1205, 1964;
69, p. 281.
The Continental Paper Bag Co., a majority of whose $5,000,000 stock Is owned, owns a factory at Rumford Falls, Me.; with capacity
12,000,000 bags dally.
First (quar.) dlv. on com. stock, 1 %, paid June
1905.
V. 70, p. 742; V. 69, p. 494, 908; V. 73. p. 786; V. 80. p. 2624;
V. 82, p. 103.
The Amer. Realty Co. acquired some 250,000 acres of land
In Maine and made mtge. for $500,000; outstanding, $404,000.
V. 75,
p.
1205; V. 79,
p.
2207.
DIVIDENDS.—On
quar.)
On
Apr. 1907.
pref., July 1898 to Apr. 1907 lncl., 6 % yearly (1
%
Dec. 31 1898 paid on com. 1%; In 1899, 2 %; none sluce to
V. 69,
p.
593, 957; V. 72. p. 1037.
BONDS.—The consol, mtge. 5% bonds of 1905 ($10,000,000 authorized
Issue), of which $6,000,000 has been sold to reimburse the treasury for sur¬
plus earnings used for Improvements and to provide additional working
capital, are convertible on any Interest day beginning July 1907 and before
1917 Into pref. stock at par.
A s.f. of 2 % of all bonds ever Issued Is payable
yearly, after 1907, for which bonds are subject to call at 105 and In¬
terest after 1909.
The remaining $4,000,000 bonds are reserved for future
purposes.
V. 79, p. 2699; V. 80, p. 119, 225; see app. to list. V. 80, p.1482.
Tho consol 6s of 1898 are convertible at holders’ option on any Feb. 1 or
Aug. 1 before 1910 Into pref. stock at par; they cover all “after-acquired
Annual s. f. $150,000 began Feb. 1 1905.
Consols are reserved
realty.”
to take up $229,000 Otis Falls Issue below named.
Other bonds out:
1. Int. Paper purch. money.
Interest.
Where paid. Outst’lng. Maturity
Ammonoosuc Lumber 1st M.s.f.4g.M-S N Y, Met Tr Co $220,000 Sept 1 '13
Ontario Paper 1st M
150,000 Feb 1 ’18
6g.F-A
do
do
Rumford Falls Sulphite 1st M_6g.J-J
do
350,000 Julyl ’18
do
1-6 and the com. 1-30 In amount of new stock.
do
Piscataquis Falls P., 1st M.,s.f.4g.F-A
do
113,500 Aug 1 ’18
Report for calendar year 1906, V. 84, p. 692, showed net profits, $102,049;
2. Old bonds (x assumed).
charged off for depreciation, $31,666, and fot possible losses and mainte¬
River
x Hudson
N
Co
Pulp
&16g.
J-J
Y,Man
Tr
1,500,000
Jan 1 ’18
nance, $29,160.
Pres., C. U. Carpenter; Vice Pres., S. S. Evans; Sec.,
Paper
c
/ Subject to call at 105 after 1907.
Chas. E. Haydock; Treas., A Proctor Jr.
Office, 400 Broadway. N. Y.
x Otis Falls Pulp Co.. 1st M. .)6g.M-N
Bost.Old Col Tr. 229.000 Mayl '16
(V. 84, p. 393, 692.)
Old Colony Tr Co, trusteej
Subject to call at 105.
HUDSON COUNTY GAS.—See Index “Street Railway” Section.
Olcott Falls Co.
5g.M-S N Y. Met Tr Co
389,000 Marl ’19
ILLINOIS BRICK CO.—V. 83. p. 1101; V. 84. p. 337. 341.
REPORT.—Report for year ending June 30 1906 In V. 83 p. 1036.
raw
maF'iscal
Gross
Cost
Dividends.
Interest,
Balance,
INDIANA NATURAL GAS & OIL CO.—See People’s Gas Light & Coke
year.
income.
terials,rnfg. ,&c.
taxes,Ac.
(6%) on pref.
surplus.
Co. of Chicago.
! 1905-6.$21,837,816
$18,679,297
$1,172,978
$1,344,402
$641,139
INGERSOLL-RAND CO.—ORGANIZATION.— Incorporated in New
1904-5. 20,908,666
17,640,198
793,715
1.130,350
1,344,402
Jersey June 1 1905 and acquired Ingersoll-Scrgeant Drill and Rand Drill
DIRECTORS.— Hugh J. Chisholm (Pres.), A. N. Burbank (1st V.-P.
companies and a majority of the $250,000 stock of the Canadian Rand Dril 1
and Treas.), A R. Flower, F. B. Jennings. Warren Curtis. T. S. Coolldge,
Co
the latter having a plant at Sherbrooke, Que.
Owns plants at Phllllps- D. O. Mills, G. F. Underwood, H. A. Wilder, Ogden Mills, Frederick S.
burg.'N. J., Easton and Athens, Pa., and Tarrytown and Painted Post,
Flower and Victor Morawetz.
Secretary is E. YV. Hyde.
Office, 30 Broad
N. Y.
Application to list, describing properties, securities, &c.. was in
St.. N. Y.—(V. 83, p. 1036, 1039; V. 84. p. 696.)
V. 83, p. 1176; see also V. 84, p. 867.
INTERNATIONAL POWER CO.—ORGANIZATION.—Incorporated In
1) 1V11)ENDS.—Pref., Jan. '06 to Jan. ’07, Inch. 6% yearly (J. & D.).
New Jersey on Jan. 14 1899.
REPORT.— Report for year 1906 In V. 84, p. 867, showed: Net earnings
Controls American & British Manufacturing
Co., with plants at Providence, R. I., and Bridgeport, Conn. (V. 68, p. 671;
over depreciation ($369,707), $1,260,229;
lnt. on bonds, $100,000
Pref.
V. 84, p. 800) and Alabama Consol. Coal & I. Co., with coal and Iron mines,
div. (6%), $269,901; special reserves, $615,000; bal., sur., $284,328.
furnaces, ovens. &e., In Alabama (see statem’t In this Section: V. 80, p. 654,
OFFICERS.—President, YVm. L. Saunders; 1st V.-P.. George Double872).
Owns Amoskeag Fire Engine Co., engines manufactured by Man¬
dav; Treas., YY'm. R. Grace; Secretary, Fred. A. Bralnerd.
Office, 11
chester Locomotive YVorks, Manchester, N. H. (V. 81, p. 1317). Controls
Broadway.—(V. 83, p. 1232, 1415; V. 84, p. 511, 806, 867.)
American Oil Engine & Ship Building Co., with plant at YVorcester, Mass.,
INTERNATIONAL HARVESTER CO.— Incorporated in N. J. on Aug. 12 I
and Trinity Zinc, Lead & Smelting Co., with mines at Carthage. Mo., a mill
1902 and bought out five concerns manufacturing agricultural machines:
thereon being erected In Apr. 1906.
Also owns large holdings in American
Deerlng Harvester Co.
Also
McCormick Harvesting Machine Co., &c.
Locomotive Co. and American Diesel Engine Co.
V. 79 p. 503, 215.
has large plant In Canada, timber lands, coal. ore. blast furnace and steel
DIVIDENDS.—
1900. 1901. 1902. 1903. 1904.
1906.
1905.
V. 75. p. 345; V. 77, p. 454. 1877; V. 81. p. 1668; V. 84, p. 696.
properties.
Preferred
7 hi
%
6
84
Nil.
16
6
Jan., 1
STOCK.—In Jan. 1907 it was voted to classify the stock into $60,000,Common
0
0
2,4
0
Oct.. 1 Jan., 1
0
000 7% cumulative pref. stock (also as to assets) carrying dividends from
Pres., Joseph H. Hoadley. 78 Broadway, New York.—(V. 83. p. 216.)
Feb. 15 1907 and $60,000,000 common stock, the stockholders
receiving i
V. 84. p. 106, 162. t
one share of each class for two shares of old stock.
INTERNATIONAL
SALT CO.—ORGANIZATION.—Incorporated In
Stock Is held in a voting trust, the voting trustees being Geo. YV. Perkins,
New Jersey In Aug. 1901 and acquired a majority of the stock of the National
Chas. Deerlng and Cyrus H. McCormick.
Salt Co. and Retsof Mining Co., per plan V. 73, p. 724; V. 75, p. 551.736; V.
V. 78, p. 1112.
DIVIDENDS (old stock).—In 1903, 3%; 1904 to 1906. 4% yearly.
' 76. p. 755; V. 77. p. 1228.
On May 25 1904 the National Salt Co.’s proper¬
EARNINGS.—Net earnings, applicable to dividends in 1906 (partly
ties were purchased at Judicial sale; successor International Salt Co. of New
York, with $750,000 stock.
estimated), $8,622,446, against $7,501,585 In 1905. V. 84, p. 162.
V. 78. p. 2014; V. 80. p. 1056; V. 81. p. 1378.
OFFICERS.—Chairman of Board. Charles Deerlng; Pres., Cyrus H. Me- i New plants and processes, V. 83, p. 1101, 1593; V. 84, p. 53, 802.
DIVIDENDS.—On Dec. 1 1905, 1%; 1906, 4% (Q.-M.)
Cormlck; V.-P., James Deerlng, Harold F. McCormick, J. J. Glessner and
In Dec. 1906
William H. Jones; Sec. and Treas., Richard F. Howe; Chairman Finance
dividends were temporarily suspended.
V. 83, p. 1593; V. 84, p. 53.
BONDS.—Of the 5s of 1901 ($12,000,000 authorized Issue), one-slxtleth
Committee, Geo. YV. Perkins; Chairman Executive Committee, J. J. Gless¬
ner.
General Office. 7 Monroe St., Chicago.—(V. 84, p. 162,696.)
of amount Issued Is to be retired each year by sinking fund and canceled:
to
May 1906, $445,000 had been retired.
V. 82, p. 1443.)
INTERNATIONAL MERCANTILE MARINE CO.—ORGANIZATION,
Underlying bonds, $160,000 Hutchlnson-Kansas Salt Co., due Jan. 1
&c.—Formerly Internat. Nav. Co., acquiring Oct. 1 1902 (per plan, V. 74,
1912
and Retsof Mining Co., $1,000 gold 5s due Oct. 1925, $2.500 000
p. 888, 941, 1093; V. 75, p. 1089, 1305), on Dec. 1 1902 YVhlte Star, Ameri¬
(lnt. J. & J. at Knickerbocker Trust Co.. N. Y.. trustee).
Report for year
can, Red Star. Atlantic Transport, Dominion and Leyland lines, having an
ending Feb. 28 1907, V. 84, p. 802.
Pres., E. L. Fuller: Vice-Pres., M. M.
aggregate gross tonnage built or building Dec. 31 1905 of 1,063,269 tons
(129 ships).
V. 82, p. 1373.
1 Belding Jr.; Treas., Mortimer B. Fuller: Sec., H.D.-Fuller Office, Scran¬
STOCK AND BONDS.—Of the stock, $10,067,265 com. and $8,269,029 , ton, Pa.; N. Y. Office, 170 Broadway.—(V. 84. p. 53. 802, 806.)
INTERNATIONAL SI LVER.—ORGANIZATION, &c.—Incorporated In
pref., at last accounts, remained In the treasury (see V. 78, p. 1220).
The
new 4 4 % debentures are subject to call at 105 after 5 years.
The Internat. , Nov. 1898 under laws of N. J. and acquired silver-plating properties—see
Nav. 5s are subject to call at par after 1909 and a s. f. of $250,000 to $500,V. 67, p. 1160; also V. 68, p. 232, 334.1024; V. 76, p. 106.
Also has a large
000 will retire them annually, beginning May 1 1905.
There are £190.006
See V. 68. p. 334, as to rights of capital stock, plants,
sterling silver output.
Dominion Line debentures.
Ac.
V. 67, p. 1160; V. 68, p. 1024; V. 71. p. 545; V. 82, p. 990.
Litiga¬
REPORT —Report for year ending Dec. 31 1905 In V. 82, p. 1373, ! tion, V. 82, p. 1044; V. 84. p. 223.
showed: Total gross earnings, $33,362,918; net, $5,906,744; lnt. and In¬
STOCK, &c.—In Jan. 1903 purchased all the stock of the U. S. Silver
come tax, $3,880,055; add surplus Insurance account, $864,159; bal., sur., i Corp., which had acquired $9,068,400 common and $515,800 preferred 6toclt
foryear $2 890,848.
In 1904 gross, $28,846,993; net, $1,806,407. Pres., j of the Internat.Silver Co.and all the stock of C. Rogers* Bro. V.76,p.i06.
J. Bruce Ismay; Sec., E. E. Parvln
Suit V.84, p.341.
Underlying bonds $127,600 Holmes & Edwards 1st 6s.
—
.
,
ICO
INDUSTRIAL STOCKS AND BONDS.
[VOL. LXXX1V'.
1
’
MISCELL A NEO US.
Date
For
explanation of column headings,
first page of tables.
&c.,
see
notes on
Size,
International Silver—Stock common $11,000,000
1
Stock preferred 7 % also as to assets $0,000,000
Dividend scrip (V 70 p 106)
!
First M $4,500,000 sink fund called at 110 begin 1901.. N.c*
Debentures $2,000,000 gold redeemable at par
j
International Steam Pump Co—Com stock $24 ,000,000. .Col
Preferred stock 6% also assets cum $15,000,000
Col
Debentures $3,500,000 (conv Into com stock) red 105 beg ’08
Worthington preferred stock 7 % cumulative (see also text)
$100
100
1898
1903
1,000
100
100
1903 i
Holly Mfg 1st M $700,000 gold guar p & 1 end (V 73 p 1117) 1901
Jefferson & Clearfield Coal & Iron—Pref stock 5 % non-cum.
First mortgage gold sinking fund drawn at 105
1896
...G.c*
Second mortgage gold sinking fund drawn at 105.. Usm.c*
1890
Kansas City Stock Yards—Stock $9,000,000 authorized
j
Convertible bonds
j 1900
do
do
1 1903
1905
Keystone Telephone Co-^-1 st M gold red (oth bonds text)__ K
Gold notes (secured) red. text
; 1907
Kings County Electric Light & Power—Stock $10,000,000.!
First mortgage gold $2,500,000.
Col.c
1897
Purchase money M gold sec by Ed stock &c (V 76 p 47) Ce.c*
1898
Edison Elec Ill cons M (now first) $10,000 000 gold. .Mo.c*, 1898
Knickerbocker Ice—Common stock $4,000,000.
j
Preferred stock $3,000,000 (text).
1
First mortgage gold redeemable 105
1898
Refunding mortgage $6 000,000 gold
F.Ci 1906
Collat. gold notes $1,500,000 red. 101..
1906
1,000
100
100 &c
,
1,000
1,000
100
!
—
DIVIDENDS
on
100
,
_
1,000
1,000
1,000 &c
1.000
100
,
1,000
1,000
1,000
100
100
!
i ,000
;1,000 &C.
pref., 1 % %, paid Apr. 1900: in 1901, none;Man. 1902,
date, $1,085,343.
Report for
V. 76. p. 106.
ending Dec. 31 1906, with bal. sheet, In V. 84, p. 567,
showed net earnings $1,338,156; Int. on bonds, $330,797; dlv. on pref. stk.
(4%), $263,324; depreciation, $205,316; written otr from plant Investment,
$400,000; bal.. sur., $138,719.
Pres., Geo. H. Wilcox; Treas., Geo. M.
Curtis, 11 Malden Lane, N. Y.—(V. 84, p. 751.)
year
INTERNATIONAL
STEAM
PUMP
CO.—ORGANIZATION.—Incor-
Jiorated
on Mch.estimated
ofsteam
New Jersey
as a consolidation
of
24 1899 under
the% laws
companies
to do 90
of the
pump business
of the coun¬
Ive
try, exclusive of high duty engines.
Official statement In V. 68, p. 723;
V. 72, p. 673; V. 71. p. 545; report. V. 75. p. 82; V. 76. p. 1146.
New fac¬
tory at Harrison, N. J., was completed In 1904.
V. 79, p. 210.
In May
1906 the entire stock of the Power A Mining Machinery Co. was acquired.
V. 82, p. 1044, 1159; V. 83, p. 754, 1410.
STOCK.—Stock authorized, $24,000,000 common and $15,000,000 as
Increased by $5,500,000 common and $2,500,000 preferred In May 1906
to acquire the Power & Mining Machinery Co.
V. 82, p. 1044, 1159.
Dlv. on pref. Aug. 1 1899 to May. 1 1907. both lncl., 6% per annum (134%
Q.—J.); on common, July 1901 to July 1904, lncl., 1% quar.: Oct. 1904,
*4%; In 1905, Jan., 34%: April, 34%: none since to Apr. 1907.
V. 81,
p. 34.
The stock unissued Is set apart to retire the $2,000,000 7% cum.
of
Henry
R.
preference shares
Worthington Co. and £161,950 6% deben¬
tures and $485,000 8% pref. shares of Blake & Knowles Co.
Holly Mfg. Co.
bonds see V. 73, p. 1117
Debentures are convertible Into stock at option of holder.
V. 75, p. 1305,
1357: V. 76. n 106, 215; V. 77. p. 2393; V. 81, p. 268.
EARNINGS.—For 4 mos. ending July 31 1906, total Income,
$689,319;
depreciation, mlscel. Int., &c., $169,620; bal. subject to bond lnt., &c.
$519,699.
Earnings of Power & Mining Machinery Co. for 4 mos. ending
July 31 1906 were, gross, SI 13,873; net, $12,266.
V. 83, p. 754.
REPORT.— Report for year ending Mch. 31 1906 given In V. 83, p. 624,
showed net profits, $1,849,744; dividend on pref. (6%), $531,000; lnt., &c.,
$570,949; bal., sur., $747,795.
Pres.. John iV. Dunn: Treas., Max Nathan:
Office, 114-118 Liberty St.. N. Y.—(V. 83, p. 326. 561, 624. 754, 1410.)
IRON STEAMBOAT CO. OF NEW JERSEY.—See issue of Oct. 1906.
JEFFERSON & CLEARFIELD COAL & IRON CO.—ORGANIZATION.
—Organized under the laws of Pennsylvania In May 1896.
See V. 62, p.
908; V. 63, p. 115.
An ally of Buffalo Rochester & Pittsburgh RR.
See
“Railroads.”
Maximum amount so far shipped In one year. 2,595,161 tons.
STOCK.—The $1,500,000 common and $300,000 of the $1.500,000 of 5 %
non-cum. pref. stock Is owned by the Rochester & Pittsburgh Coal & Iron
Co. (the common mostly pledged as security for Its bonds; V. 75, p. 1357).
DIVIDENDS.—On pref. In 1897, Aug.. 5%;= 1898 to Feb. 1907, 5%
yearly (F.&A.). Dividends on common In 1900, 5%; 1902 to 1905, both In¬
clusive, 5% yearly (paid in August); In 1906, none.—(V. 75. p. 1357.)
BONDS.—The sinking fund Is 3 cents for each ton of coal mined, the
.
retired not
to years
than
$50,000
per annum.
Estimated75,that
Eaymcnts
In 23
be lessand
lstswill
2nds
In 28 years
6 months.—(V.
p. 1357.)
e
JONES &
LAUGH LIN STEEL CO.—V. 83, p. 1593.
KANSAS CITY, MO., GAS CO.—Organized In Apr. 1897 In Missouri and
acquired all the property, franchises, &c., of the Kansas City Gas and Mis¬
souri Gas Co’s. Capacity 5,500,000 cubic feet a day.
Capital stock, $5,000,000, of which United Gas Impt. owns a majority; par, $100. Bonds out¬
standing. $4.250.000 gold 5s due Apr. 1 1922, subject to call at 105.
Interest
Is payable A. & O. at N. Y. office of Guaranty Trust Co. or M. & N. In Lon¬
don.
V. 65. p. 277; V. 67, p. 28.
Report for year ending Apr. 30 1905, V. 80, p. 2456. Net, $428,117; lnt.,
$204,638; bal., $223,479.
Pres., Hugh McGowan.— (V. 80, p. 2456.)
KANSAS CITY STOCK YARDS
CO.—ORGANIZATION.—Incorporated
In Missouri In 1900 as successor of old co. of same name.
Owms 175 acres
used for stockyards purposes.
Stock, $9,000,000, of which $750,000 re¬
served to retire the $750,000 convertible bonds of 1903 and $224,000 for
bonds of 1900.
Dividends of 6 % yearly paid for many years (Q.—F.) to
Feb. 1907. lncl.
Chairman, Charles Francis Adams, 50 State St., Boston;
Pres., C. F. Morse; Sec. and Treas., E. E. Richardson, Kansas City.—
(V. 79, p. 2089.)
KEYSTONE TELEPHONE CO.
PHIL ADELPHI A —Owns “Indepen¬
dent” (of Bell) telephone system.
Operates under a perpetual charter
from State of Pennsylvania and perpetual franchise from
City of Phila¬
delphia.
Six exchange buildings In Philadelphia, and extensive conduit
system of about 12,000,000 feet of tile duct, located in 283 miles of streets.
Also controls about 40 municipal and township franchises
through owner¬
ship of Keystone State Tel. & Teleg. Co.
In Apr. 1906 acquired the East¬
ern Telephone & Telegraph Co. of Camden, N. .7.,with 7
exchanges located
at Camden. Gloucester, Cape May City ami several smaller
places. Through
this acquisition obtained control of t lie Camden & Atlantic
Telephone Co.
V. 84, p. 218.
Total telephones In use aggregate 26,000.
Stock, $2,500,000, all owned by Keystone Tel. Co. of N. J
Majority
common stock (pref. has no voting power) of N. J. Co. held in
voting trust
expiring July 1 1912 (Geo. H. Burnham Jr. of Philadelphia. Chairman).
Bonds (1st 5s) subject to call, as an entirety only, at 108,
beginning July 1
1908; $4,485,000 have been sold to Fisk & Robinson of New York
tojpavall
obligations for construction of plant and to furnish capital for extensions
and betterments; $2,500,000 are reserved to acquire securities of other tele¬
phone companies, under severe restrictions, and the remainder for future
purposes at not over $600,000 yearly.
V. 81. p. 34.
Gold 6% notes ($600,000) are secured by deposit with
the trustee of
$720,000 first mtge.‘.bonds.
They are redeemable Mch. 1 or Sept. 1 1909.
V. 84, p.870.
Coll, trust 6s ($300,000 auth.), $297,000, secured by East. Tel. &
Teleg.
stock, due $30,000 yearly to Apr. 1. 1916; East. T. & T. 5s, $250,oOO due
Dec. 1. 1922.
REPORT.—Report for year end. June 30 1906 In V. 84, p. 218.
For calendar year 1906, gross, $901,233, against
$790,221 In 1905; net
over taxes (available for Interest), $398,752, against
$376,1 19.
12 mos.—
Gross.
Net.
lies. Fund. Net Inc. Fixed Chges. Surplus
1905-06
$830,049
$371,094
$79,643
$291,451
$214,233
$77,218
Directors—N. T. Folwell (Pres.), James Collins Jones (V.-P.), F.
Wayland Ayer, Marcus Beebe, Geo. Burnham Jr., Clarence L.
Harper, Geo.
Kessler. Huellngs Llppineott, Michael Murphv. Jacob E.
Alfred
Rldgway,
Major, Perclval E. Foerderer. ‘Main office, 135-141 So. Second St., Phlla.
—
(V. 84, p. 218, 870.)
KINGS COUNTY ELECTRIC LIGHT &
POWER.—Acquired In 1898.
per
Filan
In V. 67.
the entire
$5,000,000
stock
the Edison Electric
IIumlnatlng
Co.p.of482,
thus
Brooklyn,
the of
uniting all
business
electric-lighting
In
Brooklyn, N. Y. See V. 69,
p. 177,
957; V. 70. p. 483; V. 80. p. 2216
Amount
Rate
Outstanding
%
INTEREST OR DIVIDENDS.
When
Where
Payable j
Payable,
Whom.
and
Bonds—Princi¬
pal, When Due.
Stocks—Last
by
Dividend.
!
X9 .944 .700
Checks mailed
6,607,500 See text.
Q-J
Apr 1 ’07,1^ %
1,085,343!
None
At Will
Y
6 g
3,639,000
J
do
Jan
1 1933
2,000,000
6 g
J
&
J
do
17,762,500 See text.
Q—J
^Checks mailed
Apr 1 1905,34 %
11,350,000 6 in 1906
Q—F i
do
May 1 ’07.134 %
J Colonial Trust Co, N
3,500,000
Jan
1 1913
N Checks mailed
2,000,000;
May 1 1907.3 34
J Ct Real B & T Co, N
1 1921
’Jan
700,000
A Checks mailed
I Feb 15’07.2 34 %
1,500,000
D
Wall
36
1,369,000
Street, N Y
jJune 1 1926
D
do
do
1,000,000!
June 1 1926
8,117,000 6 In 1906!
Feb 1 '07.1 'A %
Q—F
224,000^
5
659 000
5
F
&
A
Aug 1 1913
J
&
J Fisk & Robinson. N Y
4,485 .000j
5 g
July 1 1935
M
do
&
6 g
S
do
600.000 i
Mar 1 1910
Checks mailed
10,000,000 8 In 1906
Mch 1 1907, 2 %
Q—M
A
&
O Colonial Trust Co, N Y Oct
2,500,000'
5 g
1 1937
A
&
O Central Trust Co, N Y
5,176,000
6 g
Oct
1 1997
J
&
J Morton Trust Co. N Y
4,275.000
4 g
Jan
1 1939
4,000,000.See text. .See text. Checks mailed
Nov 15 1906,4%
&
J Checks mailed
3,000,000 6 In 1906 J
Jan 3 ’07, 3%
A
&
O Central Trust, N Y & Chi April 1 1928
1,930,000
r
*
See text.
I
to Jan. 1907, both Incl., 4% yearly (1% ().—J.>; In Apr. 1907, 1 *4 %. and
In Mch. 1907 1% extra; also In Jan. 1903 scrip for unpaid dividends (21 34 %)
to
'
i
or
Far
Value.
of
Bonds
i
F
1,500,000
&
~
Feb
A First Tr & Sav Bk, Chic Feb
1
1
1946
1909
SECURITIES.—The authorized stock was Increased In 1905 from
$5,000,000 to $10,000 000; of the new sto£k, $3,200,000 being subscribed
for by stockholders at par early In 1906 and $1,800,000 early in 1907.
V.
83, p. 1232; V. 84, p. 393.
The $5,176,000 purchase money bonds are secured by deposit of $5,000,000 Edison stock In trust, by a 2nd mtge. lien on the Kings County plant as
now owned or hereafter
acquired and by $1,000.000 cash guaranty fund to
be Invested In securities approved by the committee; see V. 67, p. 482, 1309.
As to Edison Co.’s con. mtge., see V. 67, p. 482, 842; V. 71, p. 493, 868.
DIVIDENDS.—June 1900 to Mch. 1903, 1 7$ % quarterly; since, 2 % quar.
REPORT.—Report for calendar year 1906 In V. 84, p. 393, showed:
Net earnings of Edison Co. under lease, $580,576; bit. from Investments,
dec., $48,450; dlv. on stock (8%), $592,000; bal., sur., $37,026.
Pres.,
A. N. Brady; 1st V.-P.,. A. M. Young; 2d V.-P., Gen. Mgr. and cTreas.,
W. W. Freeman; Sec., J. H. Evans; Asst. Treas., P. R. Atkinson.
Office,
360 Pearl St., Brooklyn, N. Y.—(V. 83, p. 1232; V. 84, p. 393.)
KNICKERBOCKER
ICE
CO
OF CHIC AGO—ORGANIZATION.—
V. 77, p. 254; V. 82, p. 1325.
1906 the Western Ice Co., Incorporated In New Jersey with
$15,000,000 authorized stock (present Issue $5,000,000), made an agree¬
ment with Thomas, Maclay & Co. to purchase a majority of the stock.
The company has an authorized Issue of $30,000,000 gen. and coll. mtge.
5% gold bonds, of which $5,500,000 to be presently Issued.
The firm olfered
tlie stockholders (per plan In V. 83, p. 1527) the right of exchange for new
securities as follows:
For each share of pref. stock 90% in gen. ami coll.
5sand $25 In stock,and for each share of common stock 80% in bonds and
$45 in stock.
A stockholders’ protective committee (J. N. Wallace, Pres.
Central Trust Co., N. Y., Chairman), opposed the plan.
V. 83, p. 1527,
1593; V. 84, p. 341, 629.
.STOCK.—Common stock. $4,000,000, all outstanding; par of shares,
$100.
Preferred Is 6% cumulative but not preferred as to assets, and Is
convertible into common stock at option of holder.
DIVIDENDS
’98. *99.
’00. ’01. ’02. '03. ’04. ’05. ’06.
’07.
Common (%)
0
5
1
0
0
0
0
0
4
Preferred (%)
6% yearly to date
BONDS.—Refunding mtge. dated 1906 secures $6,000,000 of 5% re¬
funding bonds, of which $2,299,000 Is deposited to secure $1,500,000 5%
3-year gold notes. V. 82, p. 932, 990. Other coll, for notes, V. 83, p. 439.
REPORT.—Report for year ending Dec. 31 1905 In V. 82. p. 390, showed:
Net earnings, $391,951; bond Interest, $98,492; dlv. on pref. (6%), $179,757; bal., sur., $113,702.
In 1904, net, $384,528; bond Interest. $97,090
OFFICERS.—Pres., John S. Fields; Treas., Alexander Dahlman; Sec.
Win. A. Walter.
Office, 171 La Salic St., Chicago.—(V. 84, p. 341.)
LA BELLE IRON WOR KS.—ORGANIZATION .—Incorporated In West
Owns plant at Steubenville, O., embracing 2 blast
Virginia Dec. 3 1875.
furnaces, open-hearth steel plant having 9 50-ton furnaces, skelp, pipe and
plate mills: an 84-Inch plate mill, cut-nall factory, coal and ore lands: also
plant at Wheeling, West Va., embracing two skelp mills and cut-nall fac¬
tory.
V. 77, p. 1228, 1535; 1749; V. 80. p. 1365; V. 83. p. 627.)
DIVIDENDS.—May 1905 to Nov. 1905 1J^% quar.; Feb. 1906 to Feb.
1907,2% quar.; also Jan. 1907,8% In stock.
V. 83, p.627; V. 84, p. 53.
BONDS.—Of the bonds, $100,000 are to be drawn yearly Dec. 1 at par
beginning 1908. further amounts by lot at company’s option at 105.
Dollar Sav. & Trust Co. of Wheeling, W. Va., trustee.
V. 77, p. 1749.
REPORT.—Report for year ending June 30 1906 In V. 83, p. 625, showed
Net profits, $1,856,980;
bond Interest, $150,000;
dividends (7 .H%),
$516,450; bal., sur., $1,186,629.
Pres., Isaac M. Scott; Sec., IT. D. Westfall; Treas., R. C. Kirk.
Directors, Sept. 1906, V. 83, p. 627.
Office
Wheeling, W. Va.—(V. 83, p. 496, 625, 627; V. 84, p. 53.)
Incorporated in Illinois In 1885.
In
Dec.
LACKAWANNA
New York on Feb. 15
V. 76, p. 161,437; V.
(1) Plant situated
STEEL
CO.—ORGANIZATION.—Incorporated in
The properties (see V. 77, p. 34; V. 74, p. 1142;
1902.
p. 1916; V. 81, p. 1668; V. 84, p. 393, 510, 689) are
at West Seneca, near Buffalo, N. Y., to manufacture
plate and all classes of structural steel and other materials In addition to
steel rails and billets, to have a capacity of not less than 1,250,000 tons of
finished product per annum; (2) ore properties in Minnesota, Michigan,
Wisconsin and New Y’ork, stated to have 56,000,000 tons of ore In sight
(3) 21,720 acres ®f bituminous coal lands (coal rights and In fee) in Penn¬
sylvania; blast furnaces and coke ovens at and near Lebanon, Pa., an Inter¬
est In the Cornwall RR. and Cornwall Iron Co., the first-named being leased,
and about one-third of the stock of the Cornwall & Lebanon RR.
In Dec. 1906 acquired Ellsworth Coal Co., owning over 15,000 acres of
coal in Washington Co., Pa.
V. 83, p. 1593; V. 84, p. 269, 393.
STOCK.—Stock authorized, all common, $60,000,000; par of shares,
$100; of this, $34,971,400 Is outstanding, full paid, and $28,600 is held for
exchange, share for share, for Lackawanna Iron & Steel stock; and $15,000,000 of the remaining $20,000,000 is reserved to retire convertible bonds.
V. 76,p. 869.
BONDS.—The 1st mtge. gold 5s of 1903 (limited to $15,000,000) are se¬
cured by a 1st lien on the West Seneca plant and the stocks of other corpora¬
tions owned.
They are convertible Into stock, dollar for dollar, at par,
at holder’s option up to April 1 15)15.
V. 77, p. 31; V’. 76, p. 437.
The 30-year 1st consol. 5s ($30,000,000 authorized Issue) of 1905 cover all
the property of the company owned or to be acquired, Including the stock
of the Negaunee mine.
Of the bonds, $15,000,000 Is reserved to retire the
1st 5s.
In 1905 $10,000,000 5-yr. 5% gold notes were sold, subject to call
on any interest day at par, secured by
pledge of SI2,500,000 of the 1st
consols.
V. 80, p. 225, 475.
In 1907 $5,000,000 2-year 5% notes were
sold, secured by deposit of $2,500,000 consols, $1,000,000 (entire Issue)
of Ellsworth Collieries stock, $100 000 (entire Issue) of Lake Erie Co. stock
and equity in $12,500,000 consols, deposited under notes of 1905.
They are
to be secured by any new mortgage.
V. 84, p. 394.
There are also outstanding $1.775,000 Lackawanna Iron & Steel 30-year
5s due Feb. 1 1926, Farmers’ Loan & Trust Co,, trustee, covering property
In Pennsylvania
V 76, p. 385.
The Ellsworth Collieries Co. made a mtge. dated Jan. 1 1907 to secure
$2,000,000 purchase money notes and $6,000,000 sink, fund purchase
money bonds.
These securities are guaranteed, prln. and int., by the
Lackawanna Steel Co.
V. 84, p. 393,510.
The Lake Erie Co., whose stock
Is practically all owned, has Issued $1,100,000 sink, fund 5s, of which
$150,000 paid off and $150,000 to be May 1907.
V. 84, p. 689.
REPORT.—Report for year ending Dec. 31 1906 In V. 84, p. 689 (see also
V. 84, p. 269). showed: Gross sales and earnings, $28,989,639; gross Income,
lncl. miscellaneous, $6,430,415; Int., deprec., lmpr’ts, rentals, &c., $4,322,476; bal.. sur., $2,107,939.
SO.
OFFICERS.—Pres., E. A. S. Clarke; V.-P., Moses Taylor; V.-P. and Gen.
Mgr., Charles^H. McCullough Jr.; Treas., J. P. Higglnson; Sec., F. F.
Graham; Comp., Marshall Lapham.
N. Y. office, 2 Rector Street.
■I Date
explanation of column headings,
first page of tables.
dec., see notes on
La Belle Iron Works—Stock $7,500,000 authorized
First mortgage $2,500,000 gold redeemable (text)
Lackawanna Steel—Stock $60,000,000 authorized
First mortgage gold redeemable convertible (text)
j
j
;
F.c*
$10,000,000 redeemable at par
Two year secured gold notes $5,000,000 redeem par__Ce.c*
First consol M $30,000,000 gold redeem at 105 after Mch '15
Ellsworth coll pur. money notes, guar p&L ..._J Equally! F
do
do
pur. money bonds gu p&i s f
\secured.j
Lake Erie coll trust mtge gold guar p&i, red 102
Ta
..Ce.c*
Laclede Gas Light—First mortgage gold
Refunding and extension mortgage $20,000,000 gold
c*
Coupon notes gold
- -1
Lake buperior Corporation—Stock $40,000,000
First mortgage $10,000,000 gold
Usm
Income mortgage $3,000,000 gold
I
Five-year secured gold notes
Bonds of subsidiary companies (see text)
i
Lanaton Monotype Machine—Stock $5,000 000 authorized..
I
Lehigh Coal & Navigation—Stock $17,378,500
r|
First M canal 6.030 acres coal and 76 miles L & S RR
First M gold Lehigh & Susq RR (V 64 p 41) gold.__.FP r j
Second M (1st M Nant RR) (V 65 p 367) gold...
c*
Cons 3d M Canal Coal & 122 m RR; 2d M 26 m RR..FP.r
FP.r
PI P c*
Mackay Companies—Common shares $50,000,000 authorized 1
Pref (also as to assets) 4% cum $50,000,000 auth red 106.
Manufacturers Light & Heat—Stock $25,000,000 (bonds text)!
General mortgage for $15,000,000 gold.
Fund & Imp M $7,500,000 g (Ser A) $2,962,000..
Directors—J. J. Albright, C. Ledyard Blair,
Warren Delano Jr., G. R. Fearing
Adrian Iselln Jr.. Samuel Mather, J.
lor
Pyne, John J. Mitchell, James
Size,
of
Par
Amount
Bonds
Value.
Outstanding1!
500
&c
100
j
1903
1905
190?
1905
1907
!
1,000
1
1 ,000
100 &c
:
1,000
1,000
20
50
'
1864 ! Various
1867 ! Various
500
&c
1
|
1,000
•
1,000
1.000
I
100
!
ioo
50;
*
E. A. S. Clarke, MarkT. Cox.
STOCK.—Preferred, 5% cumulative, $2,500,000; common, $17,500,000
authorized, outstanding, $8,500,000; par of shares, $100.
V. 78. p. 823.
DIVIDENDS.— 1 '95-97. '98. '99.'00.'01. '02. '03. *04. '05. '06.
'07.
7
8
5
5
5
5
5
55
Preferred, 5 % cum. )
5
5 Mar,l>£
Common
0
3344445
5
BONDS.—See application to Stock Exchange In V. 49, p. 657.
Of the refunding and extension 5s of 1904 ($20,000,000 authorized Issue;
Bankers' Trust Co. of N. Y. and Mississippi Valley Trust Co. of St. Louis,
trustees), $7,000,000 have been Issued. $10,000,000 are reserved to refund
the outstanding bonds due 1919 and $3,000,000 for not exceeding 85% of
cost of future extensions and Improvements. See V. 78, p. 1273. 1395; V. 79,
p. 1644; V. 80. p. 470; V. 83. p. 1169.
ANNUAL REPORT.—For year ending Dec. 31 1906 (V. 84, p. 807),
gross earnings, $3,524,440; net, $1,495,086; hit. on bonds, $836,319;
sur., $658,764; dlv. on pref. (5%) calls for $125,000, and 5% on common,
bal.,
807.)
LAKE
SUPERIOR CORPORATION.—ORGANIZATION.—Incorpor¬
ated In New Jersey on May 19 1904 as successor, per plan V. 77, p. 1296, and
V. 78, p. 1784, 1909. of Consolidated Lake Superior Co.
Owns directly
Lake Superior Co. all the capital
corporations centering about Sault Ste. Marie Canada,
(See list, in Section of Jan. 1904, and compare V. 77. p. 771.)
Bounty
on steel, V. 79. p. 906;
V. 81. p. 671; V. 83, p. 627,1413, 1526.
Status
Jan. 1905, V. 80, p. 654.
Rail production 1906, V. 82. p. 1269.
The plants Include: Bessemer steel works and rail mill with capacity for
producing about 600 tons of rails per day; two blast furnaces of about 400
tons dally capacity; by-product charcoal plant of 20 retorts and 56 bee-hive
kilns; Helen Iron ore mines; 106 miles of railroad completed and In opera¬
tion; 9 ore, freight and passenger steamships, nickel and copper mines and
smelters, ferro-nlckel roasting plant, sulphurous acid works, machine shops,
forge, Iron and brass foundry, car-bulldlng ^hops, two saw-mills of 160,000
feet dally capacity, veneer mill, ground wood-pulp mill of dally capacity of
100 tons sulphite pulp mill of 60 tons dally capacity, water works and elec¬
tric light plant, two electric street railways, two water-power canals of
60,000 and 20,000 horse-power and ferry across St. Mary’s River.
See also
V. 76, p. 656. 1410; V. 77, p. 193, 771; V. 79, p. 1026; V. 81, p. 977; V.
83. p. 1096.
BONDS.—The 1st mtge. and coll, trust 5s of 1904 ($10,000,000 auth.)
are secured by all the property of the company. Including the equity over the
lien of the $2,000,000 Canadian Improvem’t notes (see below) in the securi¬
ties deDOslted thereunder, upon payment of which the bonds will become
a first lien thereon.
First dlv. on Incomes, 5%, paid Oct. 1 1906.
V. 83,
p. 627.
Improvement
Co.
(V.
78,
p.
provided
The Canadian
1551, 1784), which
the balance of the cash requirements of the plan above the amount received
from all other sources, Including $1,000,000 cash working capital, secured
from the Province of Ontario a guaranty of Its $2,000,000 2-year 5% notes
of which one-half paid off Mav 1 1906, remainder extended to Oct. 1 1907.
(See V. 77, p. 771; V. 82, p. 1044, 1104; V. 83. p/1101; V.I84, p. 870.)
Bonds of subsidiary companies Include $3,500,000 Mich. Lake Superior
1st gold 5s due Mav 1 1949, Int. due M. & N.. and $1,013,572 of other com¬
panies.
(See V. 82. p. 573; V. 83, p. 382, 1102; V. 84, p. 106,697.)
REPORT.—Report for year ending June 30 1906 In V. 83, p. 1096,
showed: Total net Income, $1,138,744; lnt., gen. expenses, taxes, etc.,
$581,864; dlv. (5%) on Income bonds, $150,000; bal., sur., $406,880.
DIRECTORS.—Charles D. Warren (Pres.), Toronto; Charles E. Orvls.
New York, and Thomas J.
Drummond, Montreal Vice-Presidents); Ed
mund Q. Trowbridge, New York; Francis B. Reeves, J. Tatnall Lea and
Charles S. Hlnchman of Philadelphia; Dumont Clarke. John T. Terry, New
York; Alfred P. Boiler, Orange, N. J.; R. Wilson Smith. Montreal, and
F. H. Clergue. Saulte Ste. Marie.
Sec. and Treas., John T. Terry Jr.;
Ass't Sec. and Ass’t Treas., Edward White.
N. Y office. Ill Broadway.
(V. 83, p. 821 1096, 1101,1350, 1527; V. 84, p. 697, 870.)
LANSTON MONOTYPE MACHINE CO.—ORGANIZATION.—Incor¬
porated In Virginia In 1887. Manufactures for sale or rental automatic ma¬
chines for composing and casting of type.
Controls Lanston Monotype
Corporation of London, England, with which It has contract for sales In
Europe.
V. 78, p. 2440. In Jan. 1905 made a loan of $250,000, payable
In 3 vears or sooner on unsecured notes.
Report for year ending Feb. 28
1906*ln V. 82, p. 1038. In 1906-07, net sales, $1,312,873; net profits over
stock of the various
—
.
depreciation, $514,733 duel. $200,000
extraordinary profits from sale of
Continental patents); dividends on pref. stock (4%), $198,516; bal., sur.,
$316,217.
Dividends In 1906, 4% (A. & O.); 1907, Apr2%.
Pres., J. Maury
Dove; Treas., J. Sellers Bancroft; Sec., Wilfred Bancroft.
Office and fac¬
tory. 1231-39 Callowhlll St., Phlla., Pa.—(V. 82. p. 1039; V. 84. p. 934.)
LEHIGH COAL & NAVIGATION.—Owns canal from Coalport to Eas¬
ton, Pa., 48 miles, and leases Delaware Division Canal, 60 miles.
Also
owns Lehigh & Susquehanna RR., Phllllpsburg, N. J., to Union Jet., Pa.,
105 miles, with branches, 60 miles, and leases for 999 years Nesquehonlng
Valley RR., 17 miles; Treskow RR., 7 miles; other lines, 17 miles; total, 206
miles, of which 115 miles double track; but all these roads are leased for
from 1871 to Central of N. J. RR., rental being 33 1-13 % of gross
earnings, with a
minimum rental of $1,414,400. Delaware Div. Canal
leased for 99 years from 1866.
As to Lehigh & Delaware RR., see V. 78,
p. 1109, 2388; V. 79, p. 906.
In May 1904 control of the Lehigh & New
England RR. was acquired. V. 78, p. 1785; V. 79, p. 2646.
STOCK.—In 1905 $13,366,050 stock was deposited In a voting trust ex¬
piring March 1 1910 (R. Dale Benson, E. W. Clark Jr., Geo. H. Earle Jr.,
George H. Frazier and Ersklne Hewitt, trustees; Provident Life & Trust Co.
of Phlla., depositary), with power to sell at not less than $135 per share.
V.79, p. 2646, 2699; V. 80, p. 166. 602.
BONDS.—Gen. mtge. of 1884 covers 7,460 acres coal land, 48 miles canal
and 161 miles railroad; bonds are reserved to retire all prior Issues.
For
mtge. of 1898, see V. 67, p. 125; V. 70, p. 428; V. 81, p. 720: V. 84, p. 106.
The $1,418,600 Nesquehonlng Valley RR. stock, for which an equal
amount of the 4s of 1898 Is reserved, was called for payment on Sept. 1 1904
and Is held In the treasury.
V. 79, p, 107.
999 years
1
2,000,000
6,000,000
950,000
c
£
5
3
5
5
5
g
g
g
g
| J Q—1
&
Payable,
Whom.
and
!
*
Stocks—Last
DUidend.
by
Fob
1
1907.2 %
1
1923
April 1
1
1923
1910
1909
1935
1910
1927
1920
1919
1934
1911
D Amer Exch Nat Bk. N Y •June 1
1
Oct
:5% paid Oct. 1, 1906
1944
1924
D Pittsburgh or Wheeling
Dec
1
O Office, 2 Rector St, N Y
do
do
S
do
do
s
do
M
do
s
do
do
J
do
&
J
do
M
do
do
&
N!
1
Q—F
30 Broad St. New York
O
do
do
A
&
F
do
A
&
do
'A
M
&
&
&
&
M
..
10,000,000
7,4 00.000
1,000*
Speyer, H. A. C. Taylor, Moses Taylor, H.
Robert B. Van Cortlandt, Henry
through Its ownership of the Ontario
-
1,000
LACLEDE GAS LIGHT.—ORGANIZATION.—Incorporated In 1857
and In 1889 secured control of all the other gas companies In St. Louis. Op¬
erates under perpetual franchises.
In 1896 the price of gas was reduced
from $1 18 to $1 per 1,000 feet for Illuminating, and 80 cents for fuel gas.
Suits, V. 66. p. 760; V. 70, p. 534.
In 1903 North Amer. Co. acquired con¬
trol.
V. 76. p. 545, 922; V. 78, p. 1273; V. 80, p. 1000.
•or
5 g
•5 g
5 g
.
1904
1904
.___
15,000,000
10,000,000
5,000.000
.
100
1867
1871
1884
1898
6 g
See text.
,()()(>
iiVhcre
Payable.1,
2,500.000.
34.971.400
_
1907
1905
1889
1904
1901
1,000
1,000:
1
When
Rate
"j
$7,436,880 See text.
$100
‘
1903
Jr., B. S. Guinness, Edmund Hayes,
G. McCullough. D. O. Mills, Moses Tay¬
New York office, 50 Broad St.—(V. 84, p.
pal. When Due.
or
McK. Twombly, Cornelius Vanderbilt.
Walters.—(V. 84, p. 269, 394, 511, 689.)
$425,000 yearly.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For
167
INDUSTRIAL STOCKS AND BONDS.
Apr., 1907.J
1,000.000
40,000,000
5 g
J
9.043,000
3,000,000 Up to 5 %,
4,973.400 4 In 1906
17,378,500 8 In 1906
5,000.000
4.4
4 g
1 ,992,833
4 g
1,842,500
7
2,470,750
3,686,000
4Hg
4 g
4,208,000
41,380,400 See text.
4
50 000,000.
20,871.400 See text.
&
Oct
A
1
&
&
Q— J
Q—J
Q—J
Jan
1
May
May
1
1
April 1
F'eb
Apr 15 '07,2%
Nov 27 ’06,4%
July 1 1914
April 1 1914
O
N Office. Philadelphia.
do
do
Q—J
do
do
Q—F
J 15 & D
do
do
do
D
do
J
&
do
do
Q—F
do
do
J
&
J
M
Mch 1
Mch 1
Mch 1
Dec 31
June 15 1914
June 1 1911
May 1 1024
July 1 1948
Boston, Canada & Lond Apr 1 ’07. 1 %
do
do
Apr 1 '07. 1 %
Oct 20 '06,1
Checks mailed
%
-
gu
Jointly and severally with Cent. RR. of N.
Lehigh & Hud. River Ry. gen. 5s, prln. and Int. V. 67, p. 788.
DIVS—
'94. '95. ’96. '97. '98. '99. '00. '01. '02. '03. '04. '05. 1906.
5
6
8
7
8
Per cent
4 VS
4
4
4
4
4
5
6
ANNUAL REPORT.—Report for 1906 was In V. 84. p. 568.
Coal produced In '06, 2,661,091 tons; '05, 2,'651,538 tons; '04, 2,245,044 tons.
Year end. Dec. 31—
From railroads
Canals (deficit)
Net profit on Leh. Coal.
Miscellaneous
$2,302,428
49,190
1905.
$2,266,026
159,457
851,307
852,772
601,417
223.322
213,267
1903.
1904.
1906.
$2,305,053
37,886
316,653
$2,244,262
69,039
730,032
203,879
$3,331,742 $3,422,662
$2,931,309 $3,109,134
$1,397,551
$1,327,132
$1,305,265 $1,363,434
(6)946,329
(8)1,387,604 (8)1,387,604 (7)1,104,050
463,825
765,253
617,006
729,793
m.
102,277
121,415
100,381
119,163
Sinking fund.
200,000
100,000
Deprec’n and damage._
200,000
Office, 108 South 4th St
PhlladelPres. (Feb. 1907). \V. A. Lathrop.
Total
receipts
Int., rentals, taxes, &c.
Dividends
ilus
Balance, surni
...
.,
phla.—(V. 84,
p.
106, 452, 511,568.)
LEHIGH & WILKESBARRE COAL.—See
Central RR. of N. J.
MACKAY COMPANIES.—ORGANIZATION.—A voluntary associa¬
tion, formed under trust deed of Dec. 19 1903 and managed by seven trustees
to be elected annually.
Present trustees are Clarence H. Mackay, W. W.
Cook, Geo. G. Ward, Dumont Clarke, Edward C. Platt, Pliny Fisk and R.
Owns entire $23,000,000 stock of Commercial Cable Co. and the
A. .Smith.
entire capital stock of the Postal Telegraph Cable Co.; also shares of capital
stock of 102 other cable, telegraph and telephone cos. In U. S., Canada and
Europe.
See list In V. 84, p. 448.
Rights of stock, V. 84. p. 870.
Div. on pref., 1% quarterly, paid April 1904 to Apr. 1907, both Inclusive.
Dlv. on com., Jan. 1905 to Jan. 1906 (Incl.), 2% yearly (J. & j.); July and
Oct. 1906, 1% (quar.); 1907, Jan., 1 %; Apr., 1%.
Report for year ending
Feb. 1 1907 In V. 84, p. 447, showed: Dlv. received, $3,310,328; gen. exp.,
&c
$24,625; dlv. on pref. (4%), $1,744,462; div. on com. (3%), $1,241,412; bal.. sur., $299,829.
Office, 112 State St., Boston.
V. 81, p. 1795.
,
COMMERCIAL CABLE CO.—This co. owns five cables from i\ova scotla
Ireland; one from Ireland to Havre, France; three from Ireland to Bristol,
England: two. Nova Scotia to New York, and two to Rockport, Mass., &c.:
and one from Fayal (Azores) to Canso (Nova Scotia); one from Fayal
(Azores) to Ireland; total cables, 16,287 miles.
On Aug. 28 1906 cable to
to
Also controls Commercial Pacific
Hawaiian Islands to the Philippine
Islands, Chlna|and Japan, 10,008 miles.
V. 76, p. 541; V. 77. p. 39, 198;
V. 81, p. 1438.
Amendment to certificate of Incorporation Nov. 1904.
V. 79, p. 2549; V. 81, p. 976.
Proposed cables between New York and
Cuba, V. 83, p. 690; V. 84, p. 447.
The $20,000,000 outstanding 4s are
Iceland wras opened.
V. 83, p. 497.
Cable Co., with lines from San Fran, via
described on a previous page.
Jan. 1 1897 the Commercial purchased Postal Teleg. Cable Co., Its stock
of $15,000,000 being mostly exchanged, $ for $, for 4% bonds.
The 1st
mtge. covers all property and leases and also the stocks owned of the various
companies controlled—see V. 64, p. 951; V. 72, p. 535.
Postal Co. Dec. 31
1903 had 200,972 miles of wire (land lines), 3,017 offices.
The Postal Co.
has also working arrangements with 75,273 miles of wire and 16.960 addi¬
tional offices.
V. 74, p. 1357; V. 75, p. 79.
Advance In telegraph rates
April 1907, V. 84. p. 807.
Office, 253 B’way, N. Y.—(V. 84, p. 394, 447, 807, 870.)
MADISON SQUARE GARDEN CO.—See Issue Of Oct. 1906.
MANHATTAN BEACH HOTEL & LAND (Limited) .—Owned the real
estate and premises known as Manhattan Beach, with the Manhattan
Beach and Oriental hotels, music amphitheater, fireworks enclosure, bicycle
track and other buildings, 446 acres of land, &c.
Sold In foreclosure on
Dec. 21 1906 to Manhattan Beach Securities Co., which has made a mortgage
to the Title Guaranty & Trust Co., trustee, to secure an Issue of $1,000,000
6% reg. bonds dated March 2 1907 and due March 20 1912, but subject to
call when drawn by lot.
Guaranteed by Bond & Mortgage Guaranty Co.
Int. March 20 and Sept. 20 at 175 Remsen St. Brooklyn, N. Y. V.84,p.934.
N. Y. office, 192 B’way.—(V. 83, p. 216, 1350, 1415; V. 84, p. 934.
MANUFACTURERS’ LIGHT & HEAT CO., PITTSBURGH.—ORGANI¬
ZATION.—Incorporated In Pa. on Nov. 28 1899; reincorporated April 21
1903.
Owns 476,214 acres of gas lands, of which 377,364 not yet drawn
upon In Jan. 1907.
In Dec. 1903 new trunk pipe line extension Into West
Virginia was completed.
V. 76, p. 1252; V. 78, p. 986.
STOCK.—Stock authorized, $25,000,000 as Increased June 1903; out¬
standing, $21,500,000, of which $628,600 In treasury; par of shares, $50.
DIVIDENDS.—1 H % quarterly paid 1903 to Oct. 1906. both Inclusive.
In Jan. 1907 the dividend was passed.
V. 83, p'. 1594; V. 84, p. 449.
FINANCIAL PLAN.—In Dec. 1906 It was arranged to finance the float¬
ing debt of approximately $4,000,000 by providing nearly equal payments
of about $700,000 yearly during five years until 1911, when the remaining
During the same period, the bonded
$500,000 matures, unless sooner paid.
debt will be reduced from $8,221,000 to $4,371,000 and the yearly payments
on account of bonded and floating debt reduced from $2,177,897 to $872.The stockholders voted Feb. 26 1907 to authorize $3,000,000
123.
bonds, the first of them maturing 1913, to be deposited with the Colonial
Trust Co. of Pittsburgh as collateral security to the agreement relative to
the nayment of the floating debt.
V. 83, p. 1594.
Date.
BONDS.—
Ft. Pitt Gas 1st
-
M.
g,
due)
Interest.
Outstand'g.
$100,000 yearly
($1,000)1900 6 g. J 30 & D $500,000 To
each) U Pi
j Int. at T. Mellon & Sons’ Bank,
6 g. J.&J.
$450,000 To
M L & H 1st M,g. due $50,-11900
000 yearly ($500,
Wheel. 1st col. tr.
500,000. g, due
&c., ea) J
M., $2,-)
Maturity.
June 30 ’ll
Pittsburgh.
Jan. 1915
Int. at Union Trust Co., Pittsburgh, Pa.
6 g. F.&A.
$1,799,000 To Feb. 1916
Int. at Colonial Tr. Co., Pittsburgh, Pa.
$200,000) 1903
yearly ($1,000 each)
J
New mtge., $6,500,000, g.11903
5 g. M.&N. $5,300,000 To May 1918
V. 76, p. 1252.
J Int. at Union Trust Co., Pittsburgh.
Wheel, col. bonds (several series) are subject to call from 102 to 105.
REPORT.—Renort for cal. year 1906 In V. 84, p. 341, 448, showed:
Gross earnings, $5,167,278; net, $3,687,749; new wells, &c.. $1,049,055:
bond Int., $544,789; other Interest. $223,342: bal.. sur., $1,870,563.
Divs
paid (4H%) amounted to $945,000 and bonds redeemed were $564,000.
OFFICERS.—Pres., H. B. Beatty; Sec. and Asst. Treas., H. E. Seibert;
Treas.. E. H. Myers.
Directors Feb. 1907, V. 84, p. 341. Office, Farmers
Bank Blclg., Pittsburgh. Pa.—(V. 84, p. 341, 448 511 )
MARCONI WIRELESS
TELEGRAPH CO.—V. 84, p. 106J934*
168
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEO US.
INTEREST OR DIVIDENDS.
Date
For
explanation of column headings,
first page of tables.
j VOL. LXXXIV.
&c.% see notes on
of
Bonds
Maryland Coal—Stock preferred (no bonds)
Size,
OB
Mergenthaler Linotype—Stock authorized $15,000,000
__|
$3,000*000
;
Michigan State Telephone—Pref 6% (also as to assets) (text)
1897
Michigan Telephone first mortgage gold
c
Michigan State Telephone 1st M $10,000,000 gold—OB.c* 1904
1906
Debentures, $2,000,000 auth., coup., red. 101
Milwaukee Gas-Light—Stock $1,500,000 authorized
First mortgage gold $10,000,000 redeemable at 110
Ce 1902
Minneapolis Qeneral Electric—Common stock $1,500,000
j
Preferred stock 6 % cumulative
|
Mexican Telegraph—Stock,
!
Par
Value.
Amount
Rate
When
| Outstanding
%
Payable,
Where
j
Payable,
and
by
1,885,005 8 In 1906'J 30 & D 1 Broadway, New York
25,000,000 See text. See text.:
100
25,000,000;4 In 1906 J
&
D Company’s office, Boston
$100 $10,996,000 15 In *06} Q—M
Tribune Building, N Y
ioo;
100
100;
1,000
3,000,000}
1,000;
6,2
2,285,000 6 In 1906
285 000
50
!
Q—J
Office, 66 B’way N Y
Checks mailed
1
81,0001
1,250,000!
5
6
g"* F-_
M
&
&
A N WHarrls &
Ni
do
1,380,150 See text.} Q—M.
7,300,000!
4 g
& & N
1,500,000 4 In 1906 F
& A
&
A
1,000,000 6 In 1906 F
690,000
6
'
4,310,000;
5 g
J
& D
10,000,000 See text. See text.
1,000,
100
100!
First mortgage
1893
1,000'
Consolidated mortgage $8,000,000 gold subject to call at 110; 1904
1,000!
Mon River Con Coal & Coke—Pref 7 % non-cum $10,000,000;
50
First mortgage $10,000,000 gold sink fund (see text) UPi.c*! 1899 !
1,000;
Certificates of Indebtedness due $200,000 yearly
1902
5,000
Montreal Light Heat & Power—Stock $17,000,000
100:
j
First & coll trust M $7,500,000 gold red 105 beg 1912._c*
1902
1,000!
Lachlne M $4,000,000 gold s f red 105 after 10 years
c*j 1903
1,000
Mt Vernon-Woodberry Cotton Duck Co—See Consol Cotton Duck
Corp.
National Biscuit—Common stock $30,000,000
|
100,
Preferred stock 7% cum $25,000,000 (for bonds see text)
100
National Carbon—Common stock $5,500,000
1 OOi
Preferred stock 7 % non cumulative $4,500,000
100
10
8,786,000}
1.560,000;
_
6 g
5
A
J
17,000,000 See text.
4,633,000
4HgJ
3,407,000
5 g
A
29,236,000 See
text.!
i
Co," NY & B
do-
15 Broad Street, N Y
J & W Sellgman, N Y
Minnesota L & Tr Co,Min
City Trust Co, Boston
Checks mailed
Dec 31 ’06,4 %
Apr 1 1907, 1 %
Dec 1 ’06. 2 %
Mch30’07,2*3%
Apr 16 *07,2 34%
Feb 1 ’07, 1 y2 %
1917
Feb
1 1924
Nov
1 1909
Mch ’07, 1.95%
May
1
1927
Feb
1907, 2%
Feb 1 1907, 3%
Dec
1 1934
Jan ’07, 4.50%
Oct
1 1949
& O Union Trust Co, Plttsb’h
J!
do
do
&
July 1 1917
Checks mailed
Q—F
Mayl5’07,l X %
&
&
J/Company’s off, Bank of]
1
1932
O ] Montreal or N Y Agcyj April 1
1933
Q—J 15 Chicago and New York
Q—F |
do
do
24,804,500 7 In 1906
5,500,000 See text. See text Checks mailed
4,500,000 7 in 1906 Q—F 15
do
I
Bonds—Princi¬
pal, When Due,
Stocks—Last
Dividends.
Whom.
100
j
Massachusetts Qas Companies—Common stock
Preferred 4% cumulative $25,000,000
or
;
do
Jan
Apr 15 ’07, 2K
Feb28 ’07 1 H%
Apr 15 ’07, 1%
Feb 15’07,1 %%
MARYLAND COAL CO.—Controls 6,000 acres of land In Alleghany and ; The American Light & Trae. Co. owns practically entire stock.
Divs. not
Garrett counties, Md., 1,500 acres In VVendel County, W. Va., and 2,800 | less than 6% yearly (J. & J.)
paid for 45 years to July 1905, Incl.; 1906,
acres near South Fork, Pa.
Jan., 2*4%: April, 1*4%; July, 1*4%; Oct., 1*4%; 1907, Jan., 1*4%;
Mar., 1.95%.
STOCK.—Pref. as In table, and In addition old com., $11,100, and
Produced 188,709 tons In 1906; 244,684 tons In
treasury stock, $103,895.
Of the $2,700,000 bonds remaining unissued, $100,000 Is reserved to take
January 31 1905, In V. 80, p. 654. ; up $80,000 Office Co. 5s, subject to call after 1905, and the remaining
over Interest, &c., were $155,630; In 1904, $222,- ! $2,600,000 can only be Issued at par for 80% of the actual cost of extensions
and Improvements.
See V. 78, p. 481, 1199; V. 79, p. 631; V. 80, p. 602.
634; dividends In 1906 (8 %), $150,776; surplus for year, $4,854.
For 11 months ending Nov. 30 1906, net. $883,668, against $.08,349 In
’94. ’95. ’96. ’97. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05. 1906.
DIVS.—
1905.
Net earnings for calendar year 1905, $856,183; Interest charge Is
New pref.%_ 3H 4H 3H
4
4H
5
5
5**7
8*$8*$8
8
now $296,000.
In 1903 and 1904, June, 3 14 %, Incl. 1 % extra; Dec. 31, 5 %, lncl. 2 *4 %
in 1903, net, $665,101.—(V. 80, p. 1056; V. 83, p. i293.)
extra.
In 1905, June, 3*i %, Incl. 1 % extra; Dec., 4J4 %, lncl. 2 % extra.
MINNEAPOLIS
GENERAL
ELECTRIC
CO.—ORGANIZATION.—
In 1906, June and Dec., each 4%. Incl. 1 *4% extra.
Office, 1 B’way, N.
Incorporated in N. J. Jan. 9 1899.
V. 68, p. 824; V. 77. p. 773.
Stone &
Y.—(V. 80, p. 654; V. 82, p. 337; V. 84, p. 752.)
Webster of Boston are the General Managers of the property.
MASSACHUSETTS GAS COM PA NIES.—ORGANIZATION.—A volun¬
DIVIDENDS.—On pref. from organization to Feb. 1907, 6% yearly
On common, In 1906, 4%; Feb. 1907, 2%.
(F. & A.).
tary association formed In Oct. 1902 as successor of the New England Gas
& Coke Co., reorganized without foreclosure per plan In V. 74, p. 1311.
BONDS.—Of the 5s of 1906 ($8,000,000 authorized) $4,310,000 have
Operates 400 by-Droduct coke ovens at Everett, Mass.; 200 additional ovens
been sold to retire $1,285,000 bonds called for payment and to develop the
were to be completed by 1905.
(V. 70, p. 483; V. 77, p. 199.) The gas
water power at Taylor’s Falls, $690,000 are reserved to retire the 6s due
there produced (over 8,000,000 cubic feet dally) Is enriched and distributed • Jan 1 1908, and $3,000,000 are reserved for
80% of cash expenditures to
for consumption In Boston, through the Boston Consol. Gas Co., which was
be made, as required.
Sinking fund 1 % of outstanding bonds.
The City
formed in June 1905 by consolidation of the Boston, Brqokllne, Dorchester, , Trust Co. of Boston Is mtge. trustee.
V. 80, p 223.
Jamaica Plains, South Boston and Roxbury gas-light companies and the
EARNINGS.—Year ending Dec. 31 1906, gross, $805,631; net, $363,627;
Bay State Gas Co. of Mass, and the Mass. Pipe Line Co.
Tho Mass. Gas
charges, $107,180; bal., sur., $256,447.
Cos. owns $15,110,600 of the $15,124,600 capital stock of the Consolidated
Pres., Henry G. Bradlee; Treas., A. S. Pratt: Sec.. H. R. Hayes.
Execu¬
Co. (no bonds Issued); also the $ 17,469,800 capital stock of the reorganized
tive office, 84 State St., Boston.—(V 82, p. 100, 573.) New England Gas & Coke Co.
In June 1906 the Citizens"Gas Light Co. of
MONONQAHELA RIVER CONSOLIDATED COAL & COKE CO.—
Quincy. Mass., was acquired. V. 82, p. 1443. Slldlng-seale gas law to con¬
(“River Coal Consolidation.”) — Incorporated In Pa In June 1899 to con¬
tinue 10 years from July 1 1906.
See V. 82, p. 1270.
In Jan. 1907 the
solidate
coal Interests along the Monongahela River, and coal traffic to
Boston Consol. Gas, It Is understood, cleaned up Its floating debt from pro¬
New Orleans, &c., Including 200 steamers and 4,000 coal boats and barges
ceeds of land sales (about $1,000,000).
V. 84, p. 106.
and coal elevators, &c.
Owns between 33,000 and 34,000. acres of coal,
DIVIDENDS.—On pref. in 1903 to Dec. 1906, 4% yearly (J. & D.). In
exclusive of surface.
See constituent concerns. V. 69. p. 1065; V. 72, p.876,
June 1906, $750,000 (3%) was set aside for dividends on common stock
939; V. 74, p. 99; V. 76. p. 264; V. 78, p. 1278; V. 84, p. 155.
from accumulated earnings, 1% each being paid Aug. 1 and Dec. 1 1906.
In Sept. 1903 the Pitts. Coal Co. purchased $15,000,000 of the $20,000,000
and April 1 1907.
V. 82, p. 1443.
com. and $2,500,000 of the $10,000,000 pref. stock at $15 and $45
per $50
share respectively.
REPORT.—Report for year ending June 30 1906, with bal. sheet (also
Operated separately.
V. 77, p. 630, 774, 1297, 1750.
earnings and bal. sheets of constituent cos.), was in V. 83, p. 967, showing:
DIVIDENDS on pref., 7% yearly, July 1900 to Jan. 1904 (J.&J.); In
DIvs. and lnt. received, $1,855,964; divs. on pref. stock (4%), $1,000,000; 1 July 1904 the dlv. was
passed; 1905, Jan., 1.54%; 1906, Jan., 1.94%; 1907,
lnt. and exp., $100,307; bal., sur., $755,657; total undivided earnings of
j Jan., 4.50% ($2 25 per share), payable from earnings of fiscal year 1905-06.
all constituent companies, $66,272.
I V. 84, p. 106. A s. f. of 5c. per ton of l*4-lnch coal mined and shipped
OFFICERS.—Pres.. C. Minot Weld; Treas., Wallace S. Draper; Sec., ! will retire bonds annually about Dec. 1 if purchasable In the open market
at a reasonable price; to Nov. 1 1906, $1,214,000 were canceled..
F. Tudor.
Car trust
Office, Old South Bldg., Boston.
Old Colony Trust Co., trans¬
notes Oct. 31 1906, $374,000; mortgages, $285,441.
fer agent.
Mass. Trust Co., registrar.
REPORT for year ending Oct. 31 1906, with bal. sheet, was In V. 84,
TRUSTEES.—Charles Francis Adams 2d, Walter Cabot Baylles, Samuel |
p. 154, showing profits over charges and divs. on pref. ($450,000) of $2,600;
Carr, Robert Clarence Pruyn, Joseph Ballister Russell, Frederick Elmer
total
sur.
Oct. 31 1906, $2,062,686.
Pres., F. I,. Robbins; Treas., W.
Snow. Chas. Augustus Stone, Albert Strauss, Christopher Minot Weld, Rob- 1
Hamilton Brunt; Sec., I. W. Barber, Pittsburgh, Pa.—(V. 84, p. 163.)
ert winsor.—(V. 83, p. 99, 628, 690, 894, 967, 1293; V. 84, p. 106.)
MONTREAL LIOHT HEAT & POWER CO.—ORGANIZATION.—In¬
MERGENTHALER LI NOT YPE.—Listed In 1898.
Report for 1905-06,
corporated by special Act of Quebec Legislature March 28 1301.
Controls
V. 83, p. 1094. showed: Total net profits, $2,733,752; divs. (15%),about
the gas. electric light and power business of Montreal and suburbs; also two
$1 ,650,000.
Statement as to rival companies, V. 67, p. 371.
stations
for
hydraulic
generation of electricity, In operation In the fall of
The stockholders voted Feb. 20 1905 to Increase the stock from $10,000 1903, to have a capacity of 28,000 horse power, viz.: one hydraulic plant.
000 to $15 000 000; of the new stock $996,000 was subscribed for In May
Lachlne,
Que.,
and
one
at Chambly, Que. Controls output for Island of
1905 by stockholders at. par.
V. 80, p. 654, 1733.
Montreal of Shawlnigan Water Power Co; also the output of the Provincial
DIVIDENDS— ..-] ’95. ’96.
’97. '98 to *00. *01.
*02 to *00. 1907.
Light, Heat & Power Co., which Is building a 15,000 horse-power plant on
Percent
J 10*4 16
16*4
20 yrly. 13*4 • 15 yrly. Mch.2 34
the Soulanges Canal to develop the surplus waters thereof.
•
V. 83. p. 216.
2*4 % quar. (Q.-M.) and In Dec., 5% extra.—(V. 83. p. 1232.)
Properties owned, see V. 74. p. 580; V. 75, p. 238; V. 76, p. 923: V. 80,
MEXICAN LIGHT & POWER CO.—V. 83, p. 1415; V. 84, p. 691.
p. 2456.
New contract with city voted In 1906.
V. 84. p. 394.
Divs. on
stock, 4% yrly. to May 1906; since to May ’07, Incl.. 1 M % quarterly.
MEXICAN TELEGRAPH.—Company organized In 1878 under laws of
BONDS.
Royal
Trust
Co.
of
Montreal
both
Is trustee of
Has a cable from Galveston to Tampico ahd Vera Cruz, 738
N. Y. State.
mtges.. Interest
j
m.; land line, Vera Cruz to Mexico City, 267 m.
Also direct cable from Gal- j being payable In Montreal at Bank of Montreal or In N. Y.
Of the 4 34s of 1902 $1,013,000 are reserved to retire an equal amount of
veston, Tex., to Coatzacoalcos, Mex., 825 m., duplicating the Mex. Tel. and |
The unissued Lachlne
Cent. & So. Am. Co.’s Gulf cable system, and a third cable completed July } underlying bonds and $1,854,000 for Improvements.
bonds are reserved, viz., to pay for balance of sub-company stocks, $7,000,
Owns 2,125 shares of the Cent. & So. Am. Teleg. Co. which see
1905.
and to retire sub-company bonds, $279,000.
List of underlying bonds and
STOCK.—Stockholders voted May 8 1906 to Increase the authorized j description of
mtges., V. 74, p. 580; V. 75, p. 238: V. 76. p. 923.
stock from $2,000,000 to $3,000,000, the new stock being paid as a 50% !
REPORT.—Report for the year ending April 30 1906 wa«; In V.82. p.1436.
dlv. on the outstanding stock.
V. 82, p. 755, 1104, 1384.
Year.
Gross.
Net.
Interest.
Dividends.
Bal., sur.
DIVIDENDS.—In 1882 to 1886, Incl., 8% yearly; frdm 1887 to Apr.
1905-06
$3,186,103
$1,754,905
$476,419
(4%) $680,000
$598,48®
1907, both Incl., at rate of 10% per annum (2 >4 % Q.-J.); also June 1 1906, j 1904-05
2,901,265
1,599,143
470,354
(4%) 680,000
448,789
50% 111 stock.
V. 82. d. 1104, 1384.
OFFICERS.—Pres., Herbert S. Holt; 1st V.-P., W. McL. Walbank;
EARNINGS.— For 3 months endlne Mar. 31 (partly estimated):
2d V.-P., Rudolph Foriret;
Sec.-Treas.. J. S. Norris.
Directors, V. 74,
Gross.
AJet.
3 mos.—
Mcx.Gov.
Dividends.
Bal., Sur.
1907 (est.)...$185,000
$177,000
$9,000
(2 ’4 %)$71 ,750
$96,248! p. 580.—(V. 83, p. 99, 216; V. 84, p. 394.)
MT. VERNON-WOOD C. D. CO.—See Consol. Cotton Duck
1906 (est)--- 163.000
156,500
7,500
(2 H %) 47,815
101,185 i
Corp.
1905.
Report for year
Surplus earnings In 1906
ending
—
|
„
NATIONAL ASPHALT CO—See General Asphalt Co.
REPORT.—Report for year ending Dec. 31 1906 was In V. 84. p. 807,
showing, gross. $771,872- net, $645,846; .Mex. Gov’t share, $30,000; lm- !
NATIONAL BISCUIT.—A consolidation under laws of N. J. In 1898.—
provements, $32,431; divs., $263,068; bal., sur., $319,987.
J. A. Scrymser, j V. 66, p. 288, 901; V 71. p. 545; V 77. p. 92; V. 80. p. 870; V. 82. p. 388.
Pres., 66 Broadway, N. Y.—(V. 84. p. 801,807.)
DIVIDENDS. —On pref., in 1898, 5**%:
1899, to Feb. 1907, 7%
MICHIGAN
STATE
TELEPHONE
CO.—ORGANIZATION.—Incor¬
(1 % Q.-F.).
On com., Jan. 1899 to Jan. 1907, Inclusive, 4% (1% Q.-J.),
and
In
porated In Michigan on Jan. 30 1904. per plan V. 75, p. 33, 1034. A licensee
April 1907, 134 %: In April 1906 and April 1907 each 1% extra.
of the Amer. Teleph. & Teleg. Co., though not controlled by that Co.
BONDS.—These Include N. Y. Biscuit first 6s (M & S.), due March 1911,
Stations Sep. 30 1906, 89,823; on Dec. 31 1906, 92,376.
$410,703; Am. Biscuit & Man. 1st 6s (F & A.), due Aug. 1910 $545,000,
STOCK.—Common stock authorized, $6,000,000 (par, $100); outstand- ! and $20,000 5s due $5,000 yearly In October.
V. 67, p. 274.
lng, $3,500,000, held In voting trust to Mch. 1 1909 unless sooner termi¬
ANNUAL REPORT.—Report for year ending Jan. 31 1907 was In V.
nated by voting trustees, viz., Norman W. Harris, Chicago; Fred’k A. Far¬
84, p. 388, showing: Sales for year, $40,722,939; net profit, $3,954,507,*
rar. Boston; Wm. C. McMillan, Detroit; Allen B. Forbes, New York, and i
dividends, 7% on pref. and 5% on com., $3,198,115; bal., sur., $756,392.
Isaac Sprague, Boston.
Preferred ($4,000,000 authorized) Is subject to I
DIRECTORS.—A. W. Green (Pres.), John D. Richardson (1st V. P.),
call at par on any Feb. 1.
Dividends on pref., 1 >4% quar. (Q.-F.), paid j
F. M. Peters (2nd V.-P.), F. A. Kennedy, B. F. Crawford, Wm. II.
May 1 1904 to Feb. 1 1907, both Inclusive.
Moore,
L.
D. Dozier, H. J. Evans, F. L. Hlne, S. S. Marvin, T. S. Olive, N. B.
BONDS.—Of the bonds, $4,181,000 was Issued to satisfy obligations }
Ream.
J.
B.
M.
Vredenburgh,
H.
Hanna.
S.
A.
Sears, W. H. Moore and
and for general corporate purposes, $285,000 was reserved to retire under¬
F. A. Kennedy.
Sec. and Treas. Is F. E. Bugbee; Asst. Treas., J. U. Hlglnlying bonds and $5,534,000 (of which $1,716,000 Issued) for 75% of cost of
botham.
Office.
9th & 10th Aves., N. Y.— (V. 84, p. 394.)
15tli
St.
acquisitions, extensions. Improvements, &c., under stringent provisions.
In Nov. 1906, $1,250,000 of an authorized Issue of $2,000,000 of 6% de¬
NATIONAL CARBON CO.—ORGANIZATION.—Incorporated In New
bentures were sold.
V. 83, p. 1232.
Jersey on Jan. 16 1899.
V. 68, p. 85, 130.
Dividends on pref. 1899,
3 >4 %;
1900 to Feb. 1907, 1 % % quar.
Dividend on common, 1905,
REPORT.— Report for year ending Dec. 31 1905 was In V. 82, p. 1378,
3%
(J.
&
J.);
1906,
Jan.,
2%;
April,
1%;
July,
1%; Oct., 1%; 1907,
showing: Gross earnings, $2,293,552; net earnings, $673,328; charges, &c.,
Jan., 1%: April, 1%.
Report for year ending Jan. 31 1907. with balance
$276,769; dlv. on pref. stock (6%), $137,100; bal.. sur., $259,459.
Year
sheet. In V. 84, p. 506. showed: Net earnings, $951,078; divs. (7%) on
pref.,
ending Nov. 30 1906, gross, $2,621,350; net. $656,671; present Interest
charge, $328,300; balance, surplus, $328,371.
OFFICERS.—Chairman of Board, N. W. Harris; Chairman Exec. Com.,
W. C McMillan: President, W. A. Jackson; Secretary, W. I. Mlzner; Treas¬
urer, John T. Shaw.
Office, 20 Clifford St., Detroit.—(V. 84, p. 452.)
MILWAUKEE GAS LIOHT CO—ORGANIZATION.—
Incorporated In
1852.
Has perpetual franchise. V. 74. d. 1199.
On July 1 1904 the price
of gas was reduced and again Jan. 1 1907.
V. 78, p. 2602; V. 83, p. 1293.
$315,006; dlv (4%) on com., $220,000; depreciation, &c., $376.966; bal.,
Pres., James Parmelee; Treas., H. E. Hackenberg; Sec.,
$391,120.
Main office, Cleveland.—(V. 82, p. 1500: V. 84, p. 506.)
NATIONAL ENAMELING & STAMPING CO.—ORGANIZATION.—
Incorporated In New Jersey on January 21 1899. See prospectus In V.
68, p. 187, and official statement In V. 76, p. 1405; v. 77, p. 403; V.
82, p. 755.
Dlv. on preferred, 1899 to Apr. 1907, 7% yearly (Q-J.); 7%
declared, paid 1*4% each. Oct. 1906, Jan., Apr. and July 1907.
On
sur.,
J. S. Crider.
Apr. ,
INTEREST OR DIVIDENDS.
MISCELLA NEO US.
Date
For
of
explanation of column headings, &c., see notes on
first page of tables.
First mortgage
| Size,
Bonds
National Enameling & Stamping—Common stock $20,000,000
Preferred stock (as to assets) 7 % cumulative $10,000,000...
First M gold $250,000 payable yearly.
SSt
National Fireproofing—Common stock $4,500,000
Preferred stock 7% non-cumulatlve $8,000,000
First mortgage $2,500,000 gold red par $250,000 due yrly. N
National Glass—Stock common $2,250,000.
Preferred 7% non-cumulatlve $1,650,000
gold $200,000 payable Nov yearly._ U Pi.c*
General mortgage $2,500,000 gold s f drawn at 105._ UPi.c*
National Lead Co—Stock common $25,000,000 authorized —
Preferred stock 7% cum $25,000,000 red par beginning 1910
J
1901
1906
1899
1901
100
1,000
1,000
1,000
100
500
100
&r
1,000
1,0001
Pres., Frcd’k
Steinhardt. N. Y.
and $1,000,000 general reserve account.
1415..)
NATIONAL
FIREPROOFING 'CO.—Incorporated
In
1889; name
changed In 1899 from Pittsburgh Terra Cotta Lumber Co.
Controls
29 plants adjacent to various cities between Boston and Chicago, over
4,000 acres of coal and clay lands, patent rights, etc.
Manufactures porous
terra cotta,
hreprootlng. hollow tile, building blocks, etc.
Properties
owned, see V. 72, p. 296, 1191; V. 76, p. 651.
BONDS.—Stockholders April 5 1905 authorized an Issue of $2,500,000
5% bonds, maturing $250,000 yearly, but subject to call at any Interest
The bonds
$2,000,000
have been
to bonds,
be heldover
fierlod. Of the
cash and
balance
for
quick assets,
until sold,
payment
of the
uture use.
DIVIDENDS,%
1900.
XH
Preferred
Common
In Oct. 1906 dividends on
1901.
7
3 34
less than $2,000,000.
1902.
7
5
1903.
7
4 H
pref. were resumed.
V. 82, p. 1104.
1905. 1906. 1907.
7
f>M
1
Below
0
0
0
0
In 1907, Jan., 2 %, lncl.
1904.
1% extra; Apr., 1 %.
REPORT.—Report for year ending Dec. 31 1906 In V. 84, p. 747, showed:
Net earnings, $943,180; reserve, $100,000; dividends'(3% on pref.). $237,015; adjustments and allowances, $48,353; balance, surplus. $557,812.
DIRECTORS.—D. F. Henry (Chairman), W. D. Henry (Pres.), R. W.
Allison, Henry M. Keasbey and E. V. Johnson (Vice-Presidents), John
R. Gregg, Fred. Gwinner Jr., VV. A. Dlnker, Theo. F. Straub, James
J. Booth, J. R. Gregg, T. Hart Given, Hay Walker Jr., W. A. Stone
and J. B. Flnlev.
Treas. Is J. P. Robbins and C. G. Jones Is Secretary.
(V. 82, p. 1104; V. 83, p. 754, 821 . 1594; V. 84, p. 697, 747, 807.)
NATIONAL GLASS CO.—See Issue of Oct. 1906.
—
NATIONAL LEAD COMPANY.—ORGANIZATION.—Organized under
the laws of New Jersey on Dec. 7 1891.
It controls extensive plants
In dlllerent States for manufacture of white lead and other products.
In 1906 the whole or greater part of the United Lead Co. stock, It is under¬
stood, was acquired.
The United Lead Co. had no bonds outstanding, but
there were $261,000 Chadwick-Boston Lead 5s.
V. 84, p. 697. See Na¬
tional Lead Item, V. 84, p. 160.
In March 1907 the Magnus Metal Co. was
purchased. V 84, p. 452.
STOCK.—The preferred stock Is entitled to 7 % per annum cumulative,
and subject to call at par from Jan. 1 1910.
V. 60., n. 349.
In 1906 $5,713,600 preferred and $5,750,000 common stock were Issued
to acquire new properties.
V. 81, p. 1853; V. 82, p. 865. In March 15)07
$3,750,000 preferred stock was Issued to acquire the Magnus Metal Co.
V. 84, p.452.
D1 VS.—
’94. ’95. *96. ’97. ’98 to ’00. '01 to’05. *06.
1907.
1
1 % yearly
0
Common.%
3
0
0
Below lncl. Apr.,2
Preferred were 7 % yearly (l3f Q-M) to Meh. 1907, Inclusive.
Dividends were resumed on common in July 1906, 1% (quarterly) being
paid;
1% quarterly paid since to April 1907.
ANNUAL REPORT.—The annual report for 1906 In V. 84, p. 802,
showed: Net earnings, $2,499,632: divs. on pref., $1,395,744; div. on com.,
3%, $619,662; 1ml. for year., sur., $484,226.
In 1905, net, $2,082,632.
Total sur., Dec. 31 1906, $4,038,822.
DIRECTORS.—L. A. Cole (Pres.), F. W. Rockwell, R. P. Rowe and
W. W. Lawrence, (Vice-Presidents), E. F. Beale, G. (). Carpenter, R. R
McChesncy, A. P. Thompson, Walter Tufts,
Edward Brush.
84, p. 802.)
NATIONAL RICE MILLING.—See full statement V. 55, p. 49; V. 71,
1123:1223; V. 72, p. 91, 135; V. 73. p. 1163; V. 81, p.666; V. 83, p.433.
Colgate. E. C. Goshorn, H. M.
C. F. Wells, Daniel Guggenheim. Murray Guggenheim and
Sec. Is Charles Davison.
N. Y. office, 100 William St.—(V.
p.
NATIONAL
SALT
CO.—See
International Salt Co.
NATIONAL SUGAR REFINING OF NEW JERSEY.—Incorporated in
New Jersey on June 2 1900, and took over the New York Sugar Refining
Co.’s (Doscher) refinery. Long Island City, the Mollenhauer refinery,
Brooklyn, N. Y., and the
National refinery, Yonkers, N. Y. The capacity
70, p. 1098; V. 71, p. 31;
(Q.-J. paid Oct. 1900 to
of the new company Is 10,000 barrels daily.
V.
V. 77, p. 1877.
Dividends on preferred: 1K%
Apr. 1907 inclusive).
No bonds. Pres., James
Jan. 1906, V. 82, p. 104. —(V. 82, p. 104.)
H. Post.
New directors
GAS.—See “Street Railway” Section.
(MD.).—Owns coal lands in Alleghcnv County
Maryland.
Tons mined In 1898, 203,677; net profits. $37,397.
In 1898
reduced the stock from $5,000,000 to $1,000,000 and shares from $100 to
$20.
V. 66, p. 901, 1140; V. 64. p. 515.
DIVIDENDS.— J '90 ’91-94 ’95-97 '98 '99 ’00 ’01 '02 ’03 ’04 ’05 ’06
1907
Since 1889,
0
1
0
2 420 0 4244 May ,2
New York office, 1 Broadway.—(V. 79, p. 1333.)
NEW ENGLAND COTTON YARN.—A consolidation of 9 yarn mills of
V. 69, p. 28, 81, 181; V. 70. p.
New Bedford. Fall River and Taunton.
587,1294.
Total. 531,000 spindles.
V. 71, p. 345; V. 73. p. 443; V. 81,
p. 617, 1608.
Incorporated In Mass. Nov. 27 1903 as successor, per plan
V. 77, p. 40, 149, 206, of New Jersey co. of same name; V. 77. p. 2161.
SECURITIES.—Stock authorized, common, $3,900,000; pref. (as to
assets and accrued dividends and subject to redemption at $140 per share
and accrued dividends), 6% non-cum., $2,000,000.
Div. on pref. stock,
Nov. 1905 to Feb. 1907, Inch, 1K% quar.
Sink fund, V. 77, p. 2161.
REPORT.—Report for year ending Sept. 30 1906 in V. 83, p. 1346,
showing: Profits from manufacturing (about), $914,000; miscellaneous
profits, $16,700; charges, $275,300; preferred dividend (6%), $120,000;
sink, fund, $57,000; new machinery acct., $200,000; hal., sur., $278,400.
Pres., C. Minot Weld.
Office, New Bedford. Mass.— (V. 83, p. 1346.)
NEW ENGLAND TELEPHONE & TE LE GR A PH.—This company does
a telephone business in Maine. New Hampshire, Vermont and Massachusetts
On January 1 1906
under license from The American Bell Telephone Co.
It had 173,726 stations In all. against 139,829 In 1905. Of stock, $1 8.493,700
Is owned by American Telephone & Telegraph (Bell) Co.
V. 70, p. 40.
Stockholders voted May 7 1906 to Increase the authorized stock to $50,000.000; of the new stock, stockholders subscribed for $3,938,800 at par. pay¬
able one-half Aug. 20 1906 and one-half Feb. 20 1907, raising the amount
outstanding to $31,697,500.
The debentures are to be secured by any
mortgage placed.
DIVIDENDS. 1886-1893. 1894. 1895. 1896. 1897.
1898 to May 1907.
4K
5y,
Percent
3H yearly.
4
-5
6 yearly (1K Q.-F.)
NEWARK CONSOLIDATED
NEW CENTRAL COAL
Rate
Where
When
,
Payable,
and
by
Stocks—Last
Dividend.
Whom.
Payale.
Outstanding
Bonds—Principal, When Due
Q—J
Colonial Trust Co, N Y July 1 ’05, K%
$100 $15,591 800 See text.!
1001
Q—J
do
do
iApr 1 ’07, 1
%
8,546 600 7 In 1906
5
000
g
M &
S St Louis Tr Co, St Louis Sept 1 07 ’ll
1,250,
1,000;
50
4.461, 300 See text.
Q—F
Checks mailed
, Aug25’03,l K %
Q—J j
50!
7.900 500 See text.
Apr 15 ’07, 1%
do
5 g
A
1.000
& O New York Trust Co, N Y Apr 1908-1916
1,750, 000
50'
1,479, 625
50
..!Apr29’07,lH %
Q- J
1,312 150 7 In 1906
N Mellon & Sons Bank, Pitt; 1907 to 1909
M &
6 g
600 000
1,000!
6
000
M
&
1.900
g
Nj
do
Nov 1 1921
1,000,
do
J
100 William Street, N Y Apr 1 '07, 1%
100
20.713, 600 See text.
M j
100 20.463 600 7 In 1906
Mar 15*07,1 H%
do
do
100
10,000, 000
100 10,000 000 6 In 1906
Q—^
Apr 2’07. IK %
20
May 1907, 2%
1,000 000 4 in 1906 M & n;
Feb 1 ’07. 1 K %
100
2 000, 000 6 in 1906 ;
Q—i
A NatShawmut Bk, Boston Aug 1 1929
5 g
F
&
1,000
5,206 000
showing:
all other liabilities, shall never be
Mortgages ,$121.169.
Amount
Value.
com., 1902 to 1904, 4% yearly; 1905, Jan., Apr. and July, K% each; none
since to Apr. 1907.
V. 81, p. 617.
Decision Dec. 1906, V. 81, p. 215;
V. 82, p. 755; V. 83, p. 1415.
Report for year ending June 30 1906 was In V. 83, p. 433,
net,
$870,973; dividends on pref. (7%), $598,262; surplus, $272,711; total
G. Nledrlnghaus; Sec., Wm. H. Matthal; Treas., A. M.
office. 83 Fulton St.—(V. 82, p. 755; V. 83, p. 38. 433,
i
—
or
Par
3=
Sugar—Common stock $10,000,000
Preferred stock 6% cumulative $10,000,000
New Central Coal—Stock $1,000,000.
New England Cotton Yarn—Pref stk $2,000,000 6% non-cum
First M $6,500,000 gold s f subject to call at 110
NB.c* 1899
New England Telephone & Telegraph—Stock $50,000,000
1893
Bonds Series 5, call at 102
Bonds Series 6, 7 & 8 $500,000 each not subject to call— 95-’99
1900
Bonds $1,000,000
New York Air Brake—Stock $10,000,000
Ism
New York Dock—Preferred stock 5% non-cum (text)
1901
First mortgage $13,000,000 gold call at 105
, Usm.c&r
New York Gas Electric Light Heat & Power—See Consolidat ed Gas!
1896 |
N Y & Hoboken Ferry Co—Hoboken Fy 1st con M red. Usm.e*
1896
N Y & N J Ferry two mortgages (V 82, p 164)
1898
N Y & Hoboken Ferry general mortgage gold $4,000,000..
National
surplus, $858,049;
169
INDUSTRIAL STOCKS AND BONDS
1907.]
31,697, 500 6 In 1906
500 000i
6
5
1,500 000
4
1.000 000
500
8
In
1906
8,012
10.000 000 See text.
4 g
11.800 000,
4.100, ,000
1,000, 000
3,300, ,000!
5
5
5 g
119 Milk Street Boston May 15’07,1 K %
Bank of Republic, Bost April 1908
Q—F
A
A
J
&
&
&
Nat Bk Commerce Bost
do
do
Office 66 B’way N Y
Checks mailed
U S M & Tr Co, N Y
Q—J
A
F
&
&
M
J
J
&
&
&
N N
J
D
Y, Office D L & W
do
do
do
do
16 & ’19
1915,
Jan
1
1930
Apr 22’07. 2%
Apr 15 ’07, 2%
Aug 1 1951
May
Jan
May
1
1
1
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for
in V. 82, p. 1376, showing gross earnings $8,071,244; net over
maintenance, taxes, &c., $1,624,122; dividends (6%), $1,458,648;
1946
1946
1946
1905 wa*
Interest,
balance,
Office, 125 Milk St., Boston.—(V. 82, p. 1376.)
surplus for year, $165,474
NEW YORK AIR BRAKE.—Incorporated under laws of New Jersey.
Works at Watertown, N. Y.; capacity, 500 sets of car brakes a day.
In
April 1902, Russian plant was placed In operation.
V. 74, p. 887. In
1905 control of the U. S. Light & Heating Co. was acquired.
V. 81. p. 671.
In 1896, dividend 6%; In 1897 and 1898, none; Oct. 1899 to Apr. 1907,
Inclusive, 2% quar. (8% per aim.)
Litigation, V. 79, p. 217; V. 80, p. 2462.
DIRECTORS.—Pres., C. A. Starbuck, 66 Broadway; Vice-Pres., Daniel
Magone; Sec. and Treas., John C. Thompson; Asst. Treas., C. H. ChalTee,
Fred. Flower, H. A. Rogers. J. C. Young, Anthony N. Brady, Thomas C.
Purdy and George B. Massey.—(V. 81, p. 671.)
NEW YORK DOCK CO.—ORGANIZATION.—Incorporated In N. Y.
State on July 18 1901 as successor of the Brooklyn Wharf & Warehouse Co.
foreclosed and reorganized per plan V. 72, p. 937.
Possession taken Auf.
1 1901.
V. 73, p. 239, 1355.
Owns water frontage In Brooklyn “frontage
more
than
of
2K miles," of which 157 feet leased.
STOCKS AND BONDS.—Com. stock, $7,000,000, pref. 5% non-cumu¬
latlve, $10,000,000, all In shares of $100 each.
After 5% on both stock*
the two stocks to share equally.
Bonds, $1,200,000 In treasury July 31 1906.
DIVIDENDS.—On pref., 1%, 1902; 1903 to Oct. 1905, 2% yearly
(A. & O.), and in Oct. 1905 K% extra; 1906, Apr., 1 K%; Oct.. 2%; 1907,
April, 2%.
REPORT.—Report for year ending July 31 1906, with balance sheet.
In V. 83, p. 816, showed:
Gross earnings, $2,130,980; net, $1,231,384;
Interest on bonds, $468,573; dlvs. (3%), $300,000; depreciation charges.
&c., $102,043; renewal fund, $150,000; bal., sur., $210,768.
OFFICERS.—Pres., David H. King Jr.; Vlce-Pres., Columbus O'D.
Iselln; Sec., Edwin Thorne; Treas., George E. Spencer.
Office, 8 & 10
Bridge St. (Manhattan). N. Y. — (V. 83, p. 276, 628. 767, 816, 1293.)
NEW YORK & EAST RIVER FERRY.—Owns the "Astoria” Ferry
between Astoria, L. I., and foot of 92d St., New York, and has three
ferry-boats.
Capital stock, $750,000; dividends are payable Q.-M.
DIVIDENDS.—
\ ’95. ’96. ’97. ’98. ’99. ’00. ’01 to June 1905
3
(Q.-M.) Percent
J
4 4 K
5
5 5K6 yearly (Q.-M.)
•Bonds, $750,000 1st 30-year gold 5s due Nov. 1 1922, Interest M.-N.,
at Kings Co. Trust Co.
Directors—William A. Nash, Theo. F. Jackson,
H. K. Knapp, E. Lehman and Roswell Eldrldge.— (V. 71, p. 392.)
NEW YORK & EAST RIVER GAS CO.—See CONSOLIDATED GASICO.
NEW
YORK EDISON CO.—See CONSOLIDATED GAS.
FERRY CO.—Incorporated Nov. 10 1898.
Del. Lack. & West. RR. acquired entire
$3,300,000 stock. Of the $4,000,000 general 5s of 1898, $700,000 were reserved for Improvements; all are redeemable at 110.— (V. 82. p. 164.)
N. Y. MUTUAL GAS LIGHT.—See CONSOLIDATED GAS.
NEW YORK MUTUAL TELEGRAPH.—Successor to the Mutual Union
The stock carries dividends of 6 % per annum under
Telegraph Company.
a lease for 99 years from February 15 1883
to Western Union Telegraph,
which owns $2,385,700 of $2,500,000 stock; par $25.
NEW
YORK &
NEW JERSEY TE LE PHONE.—Operates telephone
NEW YORK & HOBOKEN
V. 77. p. 454.
In April 1903
lines
under perpetual
license from the Bell Company In Staten Island,
Long Island (Including Brooklyn), In New Jersey In counties of Bergen,
Essex, Hudson, Middlesex, Monmouth, Morris, Passaic. Somerset, Sussex
and Union.
Total stations Jan. 1 1907, over 130,000.
V.;83, p. 1595
Total stations on Jan. 1 1906 were 1 12,049 (of which56,610on Long Island),
80.324 in 1905, 66,564 in 1904, and 53,184 In 1903.
Reduction in rates in
V. 82, p. 338, 1272.
authorized stock was Increased from $15,Stockholders In Dec. 1906 were ollered the right
000,000 to $50,000,000.
to subscribe pro rata for $6,310,167 new stock at par, payable 25% Feb. 1
1907 and 25% each May 1, Aug. 1 and Nov. 1 1907, or optionally In full on
Feb. 1 1907, bringnlg the total outstanding stock to $25,24G,544.
V. 83,
p. 1595,
1893.
DIVIDENDS.—
1892.
1894 to Jan 1907, lncl.
Percent..
6
6
7 % yearly (lncl., 1 % ex.In Jan)
In April 1907, 1
%; dividends hereafter to be at the uniform rate of 1 3* %
quarterly.
V. 83, p. 1595.
REPORT.—Report for year ending Dec. 31 1905 was in V. 82, p. 1377.
In 1906, gross. $7,447,147; net. $1.787.493; charges. $86,629; dlvs., $1 .272.797: bal.. sur., $428,067.
In 1905, gross, $6,217,288.
Office. 81 Wil¬
loughby St., Bklyn., N. Y.— (V. 84, p. 224, 452, 752J
NEW YORK & QUEENS ELECTRIC LIGHT & POWER CO.—See Issue
Of Oct. 1906, V. 84, p. 511.
NEW YORK & RICHMOND GAS CO.—See Issue of Oct. 1906.
N Y. SUBURBAN GAS.—See Consol. Gas Co. (N. Y. & Westchester Ltgl
NEW YORK TELEPHONE.—In 1896 this company took over the busi¬
ness of the Metropolitan T. & T. Co., with exclusive rights under a per1906 In Metropolitan district,
STOCK.— In Oct. 1905 the
uslnesslicense
In cityfrom
Eetual
the American
Bell Telephone
to theTelephone!
telephone
York and suburbs.
V. 63,Co.,
p. 229.
of New
May 1 1906. 256,962.
V. 82, p. 1377. Controls Empire City
Subway Co., V. 76, p. 50.
Reduction In rates July 1 1906, V. 82, p. 1272.
Stock was Increased Dec. 1902 to $50,000,000 (par $100); of which
American Telephone & Telegraph Co. on Jan. 1 1906 owned $32,215,700
and Western Union Telegraph Co. on July 1 1906 $9,733,100 (pledged under
Its 4% bonds of 1906), V. 71, p. 139. 290; V. 83. p. 1350.
Reduction In
rates, V. 82, p. 338; V. 81, p. 780.
Dividends paid for some years to 1906.
Inch, 6% annually.
Office, 15 Dey St., N. Y. — (V. 83, p. 1350.)
In service
CO.—See issue of Oct. 1906.
SMELTERS.
V. 84, p. 871.935.
NIAGARA FALLS POWER CO.—See Issue Oct. 1906; V. 84, p. 224, 807,
NEW
YORK TRANSPORTATION
NEWHOUSE MINES &
NILES-BEMENT-POND CO.—ORGANIZATION.—Incorporated In N
J. on Aug. 11 1899 as a consolidation.
Does much of the heavy machln*
trade of the country; V. 69, p. 388.
Owns entire common stock ($1,525,000) of the Pratt & Whitney Co., guar. 6 % on the latter’s $1,225,000 prel,
stock (subject to call In 1911 at par) provided that the guarantor earn*
V 78
same on its own stock.
V. 71. p. 139; V7 70, p. 1253; V. 72, p. 143.
p. 1113; V. 80, p. 1734.
Also owns entire com. stock of Niles Tool Work!
dividends of 6 % yearly on $1.000.ooo having been paid regularly sine.
1890.
In 1905 and 1906 the entire stock of John Bertram & Sons, Limited,
and Pratt & Whitney Co. of Canada, Limited, of Dundas Ont., was ac¬
In Dec. 1905 purchased the plant of the Rldgway
quired.
V. 81. p. 977.
(Pa.) Machine Tool Co.,
manufacturing large machine tools. V. 83, p. 1350.
no
INDUSTRIAL STOCKS AND BONDS.
MISCELL A NEO US.
Dale
For
explanation of column headings,
Ac.
see
notes
first page of tables.
Bonds
N Y Mutual (las Light—Stock (bonds, see Cons Gas)
N Y Mutual Tel—Mut Un Tel 1st M g gu not drawn
New York & New Jersey Telephone—Stock. $50,000,000
Value.
Outstanding
%
Niagara Falls Power—Stock authorized $10,500,000
1st mortgage gold
!
Debentures gold convertible
$100
1,000
$3,500,000 7 In 1906
6 g
5,000,000
See text. 7 in 1906
5 g
1,233,000
100
M (now 1st) $1,500,000 gs f $20,000 yearly not drawn.. Mp c
New York & Queens El L & P—N Y & Q Gas & El gold
1st mtge $2,500,000 gold
Un
New York & Richmond Gas—1st mtge gold red 110
Ce c*
New York Telephone—Met Tel & Teleg 1st M s f__
c&r
1890
1,000
'
1888
Cej
j
1891
1900
1901
1904
1906
!_
1.000
1,000
100
500 &c
1,737,000
4,180,700
10,000,000
3,000,000
3,000,000
1.980,000
100
100
,
...
Mortgage $2,000,000 gold
gold
EC
MC
Cicero Gas first mortgage
do
Gen & ref M $5,000,000 g gu prln & lnt
EC c*
Northwestern Telegraph—First mortgage gold gu p & I
B
Ontario Power—1st M $12,000,000 auth g s f red (text)
c*
Ontario Transmission 1st M gu p & 1 red 110 to May 1916
—
1895
1898
1892
1902
1904
1903
1905
100
ment of said
properties.
500
1,000
1,000
5001
1,000
1.0001
The West Kentucky Coal Co., with $3,000,000
stock and an authorized Issue of $5,000,000 1st mtge. 25-year 5% bonds,
of which $2,000,000 to be Issued at present, will hold about 22,000 acres
of coal lands acquired In May 1905.
V. 81, p. 35, 563, 1178.
DIVIDENDS—
Per cent
1
J
1903.
1904 to June, 1907.
4
5 (1
Q.-Mar.)
REPORT. &c.—Report for year ending Dec. 31 190G, at length In V. 84,
p. 219, 269, 278, showed: Total Inc., $1,052,392; rentals and gen. exp., $90,064; taxes, &c., $9,207; dividends (5%), $1,487,305; add readjustments,
sur., $1,187,316.
On Dec. 31 1906 owned:
Stocks, $31,641,824; bonds. $159,292; and
balance sheet showed loans payable, none; loans and accounts receivable,
$1,721,500; bal.,
$1,745,369; cash, $913,654.
DIRECTORS.—Edward Q. Keasbey. John I. Beggs, C. W. Wejtmore,
S. W. Burt, Edwin M. Bulkley, Wm. Nelson Cromwell, G. R. Sheldon,
Emerson l). Pray, Chas. F. Plister. Randolph Rodman, F. S. Smithers,
Adolphus Busch, Breckinridge Jones, Chas. H. Huttlg, F. Vogel Jr.,
Charles A. Coffin, James Campbell; Pres.. C. W. Wetmore; Sec., Silas W.
Burt; Treas.. Geo. R. Sheldon, 30 Broad St.—(V. 84, p. 219, 269, 278, 341.)
NORTHERN UNION GAS CO.—See Consol. Gas Co., N. Y City.
NORTHWESTERN GAS LIGHT & COKE CO.—ORGANIZATION.—A
consolidation in Sept. 1902.
V. 75, p. 397, 665.
Controlled by Interests
friendly to the PeoDle’s Gas Light & Coke Co. of Chicago.
Dividends April 1903 to July 1906, 1% quarterly; since. (?)%.
Nelson A. MeCleary, Pres.
Office, Chicago.—(V. 75. p. 669.)
NORTHWESTERN TELEGRAPH.—Owns 10,000 miles of wire and Is
leased to Western Union for 99 years, which guarantees dividends at 6 % on
$2,500,000 stock (par $50) and prln. and lnt. on $1,500,000 bonds (see
table above).
Guaranty, V. 79, p. 216.
OGDEN GAS (CHICAGO).—See People’s Gas Light & Coke Co.
OHIO & INDIANA CONSOLIDATED NATURAL & ILLUAUNATING
GAS.—An amalgamation Incorporated In N. J. on Dec 29 1899, per plan
V. 69, p. 1251.
Stock $10,000,000. of which $1,000.000 to acquire new
gas fields.
See statement to N. Y. Stock Exchange. V. 70, p. 994.
Underlying bonds, $820,000 Ind. Nat. & Ill. Gas 6s (lnt. M.-N.), due
1908; $1,690,000 Logansport & Wabash 6s, J.-D., due 1925; $1,940,000
Fort Wayne 6s, J.-J., due 1925; $960,000 Lafayette 6s, M.-N., due 1924;
$1,940,000 Ohio & Indiana 6s, J.-D., due 1926.
Reorganization Committee.—A committee consisting of James N. Wallace,
Anthony N. Brady, Chas. F. Dietrich and others (Central Trust Co., N. Y.,
depositary), requests deposits of all the underlying bonds.
On June 21 1906
Henry C. Paul of Fort Wayne was appointed receiver.
V. 82, p. 1443, 1500.
REORGANIZATION PLAN.—The plan issued by the Wallace com¬
mittee In Apr. 1907 (V. 84, p. 871) provides for the foreclosure of the con¬
stituent properties and their acquisition by a new company under the title
of “The Indiana Consolidated Gas Co.," or some other similar name,, whlcn
shall be authorized to Issue $4,500,000 4% non-cumulative preferred stock
(preferred also as to assets), $2,250,000 common stock and $5,000,000 first
mtge. 50-year 4% gold bonds, redeemable at 102 and Interest.
The pre¬
ferred stock and $3,000,000 of the bonds are Issuable to the old bondholders
and the common stock as bonus In the sale of say $400,000 new bonds.
Of
the new bonds, about $1,600,000 will remain in the treasury for future
requirements.
In 1905 net deficit after Interest on bonds
888), $102,217.
Pres., Chas. F. Dleterlcli;
way. N. Y.—(V. 82. p. 1500; V. 84, p. 871.)
unpaid and construction ($65.Treas., A. B. Proal, 45 Broad¬
OMAHA WATER CO.—ORGANIZATION.—Successor In 1896 of Ameri¬
Water-Works Co. of Illinois, per plan In V. 62, p. 1085.
Stock, common, $2,500,000 not Issued; outstanding, 1st pref., 5% noncum., $750,000; 2d pref., 5% non-cum., $1,000,000.
Par of shares, $50.
Preferred stocks are subject to call at par, dividends payable at Farmers’
Loan & Trust Co., N. Y.
Decision, see V. 71, p. 915; V. 73, p. 1211; V.
82, p. 1443.
Dlvs. paid on first pref., 5% yearly to Aug. ’05 Incl.; no dlv.
can
•
paldFeb.’06.
On 2d pref., 1 %’99; 1900,2%; ’01.2%; '02.2%; ’03,2%.
Securities.
Common stock
1st
2d
Prior
pref., 5%
pref., 5%
lien
gold
Par.
$50
Interest.
50
50
F&A
F&A
5 J&.I
Outstanding.
None.
$606,100
Last dlv.. Ac.
Aug. 10 ’05, 2H
867,045
Aug. 10 ’03, 1
1,093,000
July 1 1916
5s,) 1,000
$1,500,000
Subject to call at 105%.
/
5 J&J
Consolidated gold, $6,-) 1,000
3.543,000
1946
Subject to call at 105%.
000,000..
-/
Pres., Theodore C. Woodbury, New York; Sec., Eben Stevens, New
York: Treas., Stockton Heth, Omaha, Neb.—(V. 82, p. 1443; V. 83, p. 216.)
ONTARIO POWER CO.—ORGANIZATION.—Organized under special
charter of Canadian Parliament and Is developing power plant on Cana¬
dian side of Niagara Falls below Horseshoe Falls; 42,000 h. p. Installed In
1906.
The Niagara Lockport & Ontario Power Co., organized under New
York law, has contract to buy 60,000 h. p. with privilege of taking 120,000
more for a period ending July
1 1950, with renewal rights for 60 years
more.
V. 81, p. 671, 1439; V. 82. p. 395; V. 83. p. 628.)
BONDS.—Tne bonds ($12,000,000 authorized Issue) are limited to
$4,300,000 for the first 60,000 h. p. The Toronto General Trust Corpora
Payable.j
J
&
M &
Q--J
M &
g
J
g
g
g
F
M
M
5 g
6 g
6 S
6 g
6 g
6 In 1906
6 In 1906
Where
&
&
&
&
,
J
N
15
N
J
A
N
N
Payable,
and
Whom.
by
■
Checks mailed
N Y, West Union Tel
Bklyn, 81 Willoughby
pal. When Due,
Stocks—Last
Dividend.
Jan
'07 3 %
10
May 1 1911
St Apr 15 '07 1 %
Metropolitan Tr Co, N Y May 1 1920
Jan
Aug
Liberty Nat Bank, N Y May
Office, 15 Dey St., N Y May
1
1
1
1
1949
1930
1921
1918
Various
A
A
M
M
&
&
&
&
.
’(?7"l yi~
1,000
STOCK.—Common, $8,500,000 authorized, as Increased Nov. 1906,
$2,000,000 being declared as a stock dividend and $1,500,000 subscribed at
V. 83, p. 1350,
Pref., 6% cum. (subject to call In 1911 at 105),
par.
$3,000,000; of the latter $1,000,000 being unissued.
DIVIDENDS—
1 Nov. 99. ’00. ’01. ’02. ’03. ’04. ’05. ’06.
1907.
Common, per cent__[
6
8
8
7
6
3
6 Incl-Jne,3
Preferred, per cent..J
6% yearly, \lA (Q.-Feb.)
Also 40% In common stock ($2,000,000) paid on com. stock Jan. 2 1907.
Bal. sheet Dec. 1905, V. 83, p. 153.
Pres., R. C. McKinney; Treas.,
Chas. L. Cornell; Sec., E. M. C. Davis, 111 Broadway, N. Y.—(V. 82, p.
338; V. 83, p. 153, 1174, 1293, 1350; V. 84, p. 341.)
NORTH AMERICAN CO.—Organized In 1890 under laws of New Jersey
and controls the Milwaukee (Wls.) Elec. Ry. & Lt. Co. (see “Street Ry.”
section), and the Detroit (Mich.) Edison Co. (V. 81, p. 33); also the Illumi¬
nating, power and trolley companies of St. Louis. Mo., as follows:
Union
Elec. Lt. & Power Co. (V. 79. p. 2751; V. 77, p. 40; V. 82, p. 104), Laclede
Gas Lt. Co. (V. 78, p. 1273, 1278). St. Louis County Gas Co. (V. 84, p. 278)
and United Rys. (see “Street Ry.” Section).
STOCK.—In 1901 decreased from $40,000,000 to $12,000,000 by the
Issue of one share for each 3 1-3 shares.
V. 73, p. 30; V. 76, p. 106.
In
1903 the stock was Increased from $12,000,000 to $17,000,000 to pay for
stock of the Laclede Gas Light Co. of St. Louis, &c., and In Mch. 1905 from
$17,000,000 to $30,000,000 to acquire additional shares In those properties
and a majority Interest In the United Railways of St. Louis and for develop¬
When
Winslow, Lanler&Co.NY Jan
1 1932
n Metropolitan Tr Co, N Y Apr
1 1910
O Winslow,Lanier & Co,NY Oct
1 1911
N
do
do
Nov 1 1914
See text.
N
Nov
1
1914
8,500,000
Checks mailed
Q—M
Mcli 20 '07 1H
2,000,000
do
Q—F
; Feb 15 ’07 1H
1,225,000 6 In 1906
do
Q—F
Feb 15 '07 1^
1,000,000 6 In 1906
do
Q—M
Mcli 31 *07 1H
429,000
do
do
Q—J.
April 1907,
F
&
A Elk Co Nat Bk, Rldgway
126,000
29,791,300 5 in 1906
<
30 Broad Street N Y
Q—M
|June 1
6 g
250,000
Q—J
Eqult Trust Co, Chicago Jan
1 1915
5 g
1,202,000;
do
do
<Q—M
Dec
1 1928
6
1 Q—J
Merch L & Tr, Chicago
500,000
July 1 1922
5 g
J Eqult Trust Co, Chicago .July 1 1932
1,770,000
&
iJ
1,500,000!
&
J West Un Teleg Co, N Y Jan
4HgJ
1 1934
5 g
A CanNB of Com,Tor orNY Feb
4.100,000^
&
!F
1 1943
5 g
900,000
do
do
M
May 1 1945
1,000
1 ,000
1,000
1,000
—
5
5
5
6
2,2 72,000
1,225,000
KIdgway Machine cumulative preferred stock guaranteed...
Bonds
•_
North American—Stock $30,000,000
Northwestern Gas-Light & Coke—Consol (now 1st) M
78 000
!
1900
1901
c*
do
do
do
Can Coll Ser A
Mo c*
do
gold not convertible, redeemable begin Oct 1911
do
do
red Oct 1011 $5,000,000 g (Can col ser C) S
Niles-Bement-Pond Co—Stock common $8,500,000
j
Pref stock G %cum $3,000,000, call In 1911 at 105
'
Pratt & Whitney 6 % cum pref stock gu red (text)
1
Niles Tool Works G % cum pref stock not guaranteed
f-
Rate
1881
c
—
Amount
LXXXIV.
Bonds—Princl-
or
Par
1
Cc
INTEREST OR DIVIDENDS.
Size,
of
on
[VOL.
tlon Is mortgage trustee.
Sinking fund, $1 per h. p. sold beginning July 1
1909.
They are subject to call at 110 on or before Feb. 2 1913.
V. 80, p.
1427; V. 82, p. 632.
Ontario Transm. guar, bonds ($2,000,000 author¬
ized Issue), V. 82, p. 395.
Stock Ontario Power Co., $5,000,000 authorized.
OFFICERS.—Pres., J. J. Albright; Sec. and Treas.. R. C. Board.
Office, Niagara Falls. South Ontario; branch. Fidelity Building, Buffalo,
N. Y.—(V. 82, p. 395, 632; V. 84, p. 224.)
OTIS ELEVATOR CO.—Incorporated Nov. 28 1898 under the laws of
New Jersey and took over about 13 plants comprising about 85% of the
business.
See V. 71, p. 545; V. 74, p. 271; V. 75, p. 552; V. 83, p. 441.
Injunction, V. 82, p. 1326.
Stock, $6,500,000 common; outstanding
$6,375/300.
Dividends on pref., July 15 1899 to Apr. 1907, both Incl., 1H %
quar.
(6% per annum).
On common, 1903 to 1906, Incl., 2% yearly (paid
April); In 1907, 3% (A. &. O. 15).
Report for year ending Dec. 31 1906, with balance sheet, in V. 84, p. 691,
showed net earnings over Interest and renewals, $855,167; dlv. on
pref. (6%)
$347,791; dlv. on com. (3%). $191,259; charged off for depreciation, $216,117; bal., sur., added to working capital, $100,000.
Office, 17 Battery
Place, N. Y.—(V. 83, p. 628; V. 84, p. 629, 691.)
in
PACIFIC COAST COMPANY.—This company controls the Pacific Coast
operates five
Steamship Company (owning Its entire capital stock) and
steamship lines running between San Francisco, Portland, Victoria, Sitka,
Fort Bragg, San Diego, &c.
Also owns all the securities of the Columbia &
Puget Sound RR. (now standard gauge), Seattle to Franklin, &c., with
sidings, 57 miles, and Its New Castle mine; the Pacific Coast Ry. (narrow
gauge), Port Harford, Cal., to Los Olivos, 80 miles.
Operates Franklin
Coal Co., owning Franklin mine, with 3,050 acres of coal lands at Franklin
and 2,083 acres at New Castle; also Black Diamond (Wash.) Coal
Mining
Co.; South Prairie Coal Co. at Burnett, Wash.—(V. 83, p. 1048.)
Successor In 1897 to Oregon Imp. Co., foreclosed per plan V. 65, p
463.
.
412,
DIVIDENDS.!I ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05. 06.
1907.
Com., p. c
2
4
4
5
|^ 2
5
5 H
6
Incl. May, 3
4X
1st pref., p. c._ 1 5
4 1-6
5
5
5
5
5
5
5 Incl.May,2
2d pref., p. c
3 1-3
4
4
J 4
5
6
5
5 M
4H
Incl. May, 3
After 4 % on 2d pref. and com., these stocks share equally.
EARNINGS.—8 mos., 1 1906-7
-Gross, $4,746,031; net, $993,692
July 1 to Feb. 28.
J1905-6
Gross,
4,428,974; net,
990,871
REPORT.—Report for year ending June 30 1906 In V. 83, p. 968, 1047,
showed gross of steamships and colliers,
$3,614,169; net, $408,475; rail
lines, gross. $766,062; net, $364,340; coal department, &c., gross, $1,928,181; net, $599,603.
Total results were;
Gross earnings
$6,308,413 Interest on bonds
$240,767
Op. expenses and taxes.- 4,935,994 Depreciation, &c._
22,831
Dlv. on 1st pref. (5%)
76,250
Net earnings..
.$1,372,419 Dlv. on 2d pref. (6%)
240,000
Interest and discount
82,963 Dlv. on common (6%)
420,000
Total net Income
$1,455,382
Balance, surplus.
For year 1904-05, gross, $6,199,276; net, $1,333,116.
$455,534
OFFICERS, &c.—Chairman of the Board and Pres., H. W.. Cannon;
V.-P., J. C. Ford; Treas., John Kean; V.-P., W. M. Barnum; Sec. and Asst.
Treas., Clifford C. Fay.
N. Y. Office, 10 Wall St.—(V. 83, p. 1047.)
PACIFIC MAIL STEAMSHIP.—In Nov. 1900 the Southern Pacific Co.
acquired $10,005,000 of the stock (V. 71, p. 1015). The traffic agreement
with the Panama RR. terminated July 12 1905.
V. 80, p. 874, 1916. Stock,
$20,000,000.
Par, $100.
DIVIDENDS.—1896, 1 %; In ’97, 2%; '98. 2 H %; ’99. 3%; none since,
surplus being Invested In new vessels, &c. V. 70, p. 331.
REPORT.—Statement for 1905-06, V. 83, p. 890, 1096.
Year ending April 30.
1906.
1905.
1904.
1903.
Steamships
$5,512,917 $5,592,822
$3,439,113
$2,677,913
Subsidies
Miscellaneous
15,180
196,240
15,180
167,781
15,180
147,473
14,510
135,083
Total earnings
$5,724,337
$5,775,783
Net earnings.$282,885
$427,656
E. H. Harrlman, Pres.; Alex. Millar, Sec., 120
$3,601,766
$2,827,506
$246,896
$8,280
B’way, N. Y.; (William
Mahl, Comptroller; A. K. Van Deventer, Treas.— (V. 83, p. 1096.)
PACIFIC TELEPHONE & TELEGRAPH CO.—V. 84, p. 163.
PATERSON & PASSAIC GAS & ELECTRIC CO.—See “Street Ry.” sec.
PENNSYLVANIA BEECH CREEK & EASTERN COAL CO.—OR¬
GANIZATION.—Incorporated In Pennsylvania In 1906 with $5,000,000 of
authorized capital stock (of which $2,250,000 Is outstanding, par
$100).
lias 999-year lease of Penn. Coal & Coke Co.. Beech Creek Coal & Coke and
allied properties, which will be developed and enlarged.
See V. 84, p. 453.
Controls about 106,000 acres of coal lands and surface, chiefly In Blair.
Cambria, Clearfield and Indiana counties, Pa. (estimated to contain about
800,000,000 tons of coal),collieries, railroads, electric light companies, &c.
Properties of Penn. Coal & Coke Co. Include stocks of Webster Coal & Coke
Co. (V. 72, p. 884; V. 77, p. 513.)
Beech Creek Coal & Coke Co. (V. 72,
p. 582; V. 78. p.1910; V. 79, p. 1706). dec.
See also V. 77. p. 2102; V. 79,
p. 1335.
Contracts for the transportation of coal: With N.Y. Cent., V. 77,
D. 2098;
V. 79, p. 1335, 1435; Pittsburgh Binghamton & Eastern RR.
V. 83, p. 752.
in Dec. 1906 the Pittsburgh & Eastern RR. was Incorporated
with $1,500,000 stock by officers of the Penn. Beech Creek & Eastern Coal
Co., to build a line from the Monongahela River In Allegheny Co.. Pa., to
Clearfield, on the Pitts. Binghamton & East’n, 142 miles, V. 84, p. 54.
Securities of Operating Cos.Date.
Interest. Outstanding.
Last dlv.,Ac
Penn. Coal & Coke Co.—
Pref. stock 6% non-cum
Common stock
Webster C. &C. 1st con. M.1 1902
$3,768,000
3,893,000
5g.M-S
3,000,000
March 1942
gold ($1,000 each)
GjSinklng fund 2^c. per ton. beginning 1907.
Penn. C. & C. 1st M.. Ser.A,11902
1/200,000
5g.J-J
July 1 1932
g., red. 105, s.f., 3c. ton.jlnt. at Commercial Trust Co., Phlla., trustee.
Consol. 1st & coll, trust M._
See table above.
Car trusts
432,000
Chest Creek Land & Imp. 11898
4 A-O
Oct. 1 1924
216.000
IstM
KjTo be retired $12,000 yearly.
Beech Cr. C. & C. 1st M.,1 1904
5g.J-D
June 11944
2.784,000
$3,000,000 g., gu. p. & 1. llnterest at Knickerbocker Trust Co.,New York,
end., sink. fd. red. beg.|
trustee.
Sinking fund, 3c. per ton; mlnl1907 ($1,000 each)
c*J
mum. $75,000 yearly.
BONDS.—The sink, fund 5s of 1906 will mature on Oct. 1 yearly, begin¬
ning 1911, viz.: 1911 to 1920, $50,000 yearly; 1921 to 1945, $100,000 yearly
V. 83, p. 441; V. 84. p. 453.
Apr., 1907.]
explanation of column headings, Ac., see notes on
first page of tables.
of
Amount
Rate
When
Bonds
Value.
Outstanding;
%
Pagable.
Elevator—Stock common $6,500,000
Stock preferred 6 % non-cumulative $6,500,000
Gold notes due Jan 1 yearly (see text)
Pacific Coast Co—Stock common $7,000,000 (see text)
Otis
$100
preferred stock $1,525,000 5 % non-cumulative
preferred stock $4,000,000 4 % non-cum (see text)
First mortgage $5,000,000 gold
Dla c*
Pac Tel & Teleg—1st Acol tr M $35,000,()00g redllO begl922sf
Penn B Cr & E Coal—Serial s f gold bonds $3,000,000 text.-S
Penn Coal ACoke—Con lst&coll tr M g s f (oth bds see txt)c*
c*
Pennsylvania Canal—Gen M $5,000,000 interest guar
Pennsyl v Steel Co—Pref stock 7 % non-cum $25,000,000
Old Pennsylvania Steel iirst mortgage currency
GP r
Maryland Steel iirst mortgage currency
GP r
Penn-Maryland Steel Co consol mtge $7,000,000 gold GP c*
Collat trust loan Cornwall properties s f red (text)
GP
Mortgage on coke ovens due $150,000 yearly red
Penn.-Mary Coal (serial) notes gold guar due part seml-ann
Pennsylvania Steel car trust bonds gold $25,000 yearly
Maryland Steel car tr bonds g $60,000 due yearly call 105
j
People’s Gas Light & Coke (Chicago)—Stock $35,000,000
First consolidated mortgage for $10,000 000 gold
Ce c*|
Chicago Gas Light & Coke first mortgage gold
__FP c
Consumers’ Gas 1st M gold (See V 66, p 472)
Ce c
Lake Gas first mortgage gold
IC
P G L A C—Refunding M $40,000,000 gold
F c*A r
Mutual Fuel Gas first mortgage $5,000,000 gold, assumed.
100
100
100
First
2d
—
1907
1906
1903
1870
500
—
—
Ac
1,000
100
1887
1 892
1895
1902
1905
1906
1900
1902
,
1.000
1 .000
500 AC
1,000
1,000
5,000
1.000
1,000
100
1893
1887
1886
1885
1897
1897
A
$6,375,300 3 ill 1907 A
6
i Q
6.15 6,6001
A
J
4 g
200,000
Q
7,000,000 6 ill 1906
1 525,000 5 in 1906
O
4,000,000 6 111 1906
Q
5
J
A
g
5,000,000
J
&
5 g
10,000,000
5 g
A
A
3,000,000
5 g
M
A
6,537,500
6
J
A
1,948,000
A
16,500,000 7 In 1906 M
M
A
5
1,000,000
5
F
A
2,000,000
A
6 g
M
4,000,000
A.
A
5 g
6,900,000
A
J
4K g
1,125,000
A AO
5 g
750,000
5
A
J
100,000
g
5 g
A
J
360,000
—
1 ,000
1 .000
1897
1.000
1,000
1.000
1,000
1,000
1,000
Where
300,000
5.000.000
When Due.
Stocks—Last
bi
I
Whom.
J
J
Dividend.
Apr 15 ’07 1H
Apr 15 ’071H %
Jan 1
1908
May 1 ’07 1 K %
May 1 ’07 1 Vi %
May OJ7 1 K %
June*T 1946
Jan 2 1937
Oct 1911-1945
Sept 1 1953
July 1 1910
May 1 ’07 3H %
Nov
Feb
1
1
1917
1922
Sept 1
1925
Oct
1 1932
To June 1 1915
To Apr 15 1908
Ofllce, Philadelphia.
July 1 07-'10
Girard Trust Co, Phlla
July 1 *07-’l 2
Office, 54 Wall St. N Y Feb 25*07 1 »•>%
1943
Central Trust Co, N Y
Apr
1937
Cent’l Tr, N Y; A Chlca’o July
1936
Cent’lTr N Y; A Chlca’o Dec
1915
Ill Tr A Sav Bk, Chicago July
1947
Cent’l Tr, N Y; A Chlca’o Sept
do
do
Nov
1947
O Ofllce, Philadelphia
D Ofllce. Philadelphia
15
Girard Trust Co, Phlla
J
&
J
MAS
MAN
6 g
5 g
5 g
and
O Ofllce, 17 Batt’y PI, N Y
do
do
J
do
do
J
F
Checks from Co.’s ofllce
F
do
do
do
F
do
D Manhattan Tr Co, N Y
J U S Mtge A Tr.N Y;ASFr
O Standard Trust Co. N Y
s
J Broad St Station, Phlla
N Checks mailed
N Philadelphia ofllce.
A
do
S Girard Trust Co, Plilla
Q—F
32,969.100 See text.
6 g
A
&
O
4,900,000
5 g
J
J
&
10,000,000
6 g
D
J
A
4,246,000
10,400,000
Pagable,
and official statement V, 74, p. 1249.
$2,000,000 old Phlla. Electric certifi¬
cates were purchased, reducing the amount outstanding to $11,268,060.
V. 70, p. 331.
In Aug. 1900 purchased $2,000,000 fours the same being
797, and official circular page 853
Under agreement of Oct. 12 1899,
Of the Penn. Coal A Coke consol. 5s of 1903 ($12,000,000 authorized),
$4 ,200,000 Is reserved to.retire the Webster Coal A Coke bonds and Penn.
1st 5s (V. 76. p. 51). $475,000 for purchase money mortgages and car trusts
and $787,500 for Improvements and
future purposes.
V. 77, p. 2102:
V. 82, p. 284.
Beech Creek guar. 5s, see V. 78, p. 1910: V. 79, p. 1706;
V. 80, p. 1364.
Scranton Trust Co. Is trustee of consolidated mortgage.
EARNINGS.—Earnings for half-year ending Mch. 1 1907- (Feb. esti¬
mated) were: Sales of coal and coke, $2,675,074; total net Income, $458,729;
rental and interest charges, $366,528; bal., surplus, $92,200.
Pres., James Kerr; V.-P., T. H. Watkins; Sec. and Treas., A. G. Ed:
wards.
Office, 17 Battery Place.—-(V. 84, p. 54, 453.)
PENNSYLVANIA MFG. LIGHT & POWER.—See Philadelphia Electric.
PENNSYLVANIA STEEL CO.—Chartered in N. J. on April 29 1901 and
Acquired per plan In V. 72, p. 46,91, almost entire $6,500,000 stock of Penn,
held available as collateral for loans.
V. 74,
p.
215.
REPORT.—Year ending Dec. 31 1905, with balance sheet, was In
V. 82, p. 1209.
In 1906, total gross Income, $4,503,878; oper. exp. and
charges, $3,683,161; dividends, $499,935; bal., surplus, $320,782.
Pres
Joseph B. McCall: Sec., A. V. R. Coe: Treas. VVm.P. Conover Jr.
Office, 10th and Sansom Sts., Phlla., Pa.— (V. 82, p. 120; V. 84, p. 871.)
PITTSBURGH COAL CO.—(“Rail Coal Consolidation.”)—ORGAN¬
,
Owns about 150 coal
IZATION.—Incorporated In N. J. In Sept. 1899.
coal lands In or within a radius of 40 miles of
Pittsburgh, together with some 5,000 coal cars operating over railroads
radiating from Pittsburgh.
In Jan. 1902 leased Shaw Coal Co. V. 74, p.
376.
See V. 78, p. 765, 1449.
In Nov. 1904 the coal properties of the
Pittsburgh RR. Terminal A Coal Co., having a monthly output of about
V. 80, p. 1238.
250,000 tons, were leased for 40 years.
In 1903 were purchased $15,000,000 of the $20,000,000 common and
$2,500,000 of the $10,000,000 preferred stock of the Monongaliela River
Consolidated Coal A Coke Co. at $15 and $45 (of which $16 29 had been
paid In Jan. 1907) per $50 share, respectively. Payment was made for
the common In non-lnterestlng-bearlng notes paid one-third Nov. 3 yearly
for
three
years,
and
for
the
being
preferred
Is
In
made
semi-annual Installments, begun Jan. 20 1904, equal to 6 cents per ton of
mines and 160,000 acres of
and entire stock of Maryland Steel Co. Thus con¬
Pa., and Sparrows Point, Md., lncl. blast furnaces,
annual capacity 750,000 tons nig Iron; two Bessemer plants, capacity 800,000 tons, and one open-hearth plant, capacity 250,000 tons of Ingots; two
rail mills, capacity 640,000 tons, a shipbuilding and a bridge-building plant
(new plant V. 77, p. 773), a complete frog and swltch-bulldlng plant. Ac.
Owns entire $150,000 stock of Balt. A Sparrows Point RR.
V. 73, p. 1355.
Owns the entire $2,400,000 stock of the Spanlsh-Amcrlcan Iron Co.,
shipping from 400,000 to 500,000 tons of ore annually, and owning about
5,000 acres of land near Santiago, Cuba (V. 62, p. 776; V. 71, p. 393; V. 76,
p. 917; V. 77, p. 1229; V. 78, p. 1495).
Has also purchased a 48-96 Interest In the Cornwall Ore Banks Co.,
Lebanon Co., Pa., the Lebanon Furnaces, Lebanon, Pa., and $540,000 of
the $800,000 stock of the Cornwall A Leb. RR.
V. 75, p. 345, 397; V. 72,
company of same name
trols plants at Steelton,
coal mined from the Monongaliela properties.
In April 1905 made 2ft-year contract for the supply of
Steel Corporation and later one with the Republic Iron
ning till April 1911.
V. 80, p. 1427.
p. 1364;
Owns
stock
S.lary
1241,
1283;
73.16,000
V. of74.coalp. In1312.
Coal
Co., V.
with
acres
Indiana
Co.,entire
Pa. V.
82, of
p. Penn1100.
coal to the U. S.
A Steel Co. run¬
Application to list, showing prop., stock, rights, etc. V. 80, p. 1919.
BONDS.—The $25,000,000 first and collat. 5s of 1904 Issued by the
Pittsburgh Coal Co. of Penn, are guaranteed, principal and Interest, by
the Pittsburgh Coal Co.
They are a first lien on 160,000 acres of coal lands
and 13 000 acres of surface, and by collateral trust on 7,000 acres of Hock¬
ing Valley coal and 8,400 acres of Pittsburgh coal held under leases and
deposit of all securities owned.
The proceeds will be used to fund the
floating debt and for working capital and retirement of $5,400,000 bonds
due In 1904-08.
The Issue Is subject to call at 110, In whole or In part on
any Interest day, and has a sinking fund of 5 cents a ton on run-of-mlne
coal, with a yearly minimum of $600,000.
Coupon bonds or registered
bonds Issued In exchange for coupon bonds are to be called first. In numeri¬
cal order, beginning with the lowest number.
See V. 78, p. 1965; V. 80,
p. 1919.
To Jan. 1907, $1,739,000 of bonds was acquired by sinking fund
and canceled.
V. 82, p. 389; V. 83, p. 327.
BONDED DEBT OF SUBSIDIARY AND CONSTITUENT COS.
STOCK.—Common stock authorized, $25,000,000; outstanding. $10,750,000 (par $100).
Preferred, see table above. V. 72, p. 1241.
In June 1901, control was acquired by the Pennsylvania RR. and affili¬
ated roads by purchase of $10,000,000 each of common and preferred stock.
V. 72. p. 678; V. 79, p. 1269.
DIVIDENDS.—On pref. stock since re-capitallzatlon, Nov. 1 1901 to
May 1907, lncl., 7% yearly (paid M. A N.).
BONDS.—Consolidated joint mortgage covers the plants at Steelton, Pa.,
Sparrows Point, Md., and all of the $1,000,000 stock
pal.
size, or
Par
Date
and
Bonds—Princi-
INTEREST OR DIVIDENDS.
MISCELL A NEO US.
For
171
INDUSTRIAL STOCKS AND BONDS.
of the Maryland
Steel Co.; $3,000,000 are reserved to retire the prior liens.
Of the collateral trust 5s of 1902, not less than $100,000 nor more than
$500,000 may be called, at 105, at any Interest period: sinking fund of 50
cents per ton of ore mined, but not less than $150,000 yearly.
V. 74,p.1312,
The bonds on coke ovens dated June 1 1905 are subject to call at 102 K
as a whole or In amounts of $100,000 or more.
V. 80, p. 1975.
PennMarv guaranteed serial notes mature $500,000 Oct. 15 1907, remaining
$250,000 on April 15 1908.
V. 82, p. 1100.
REPORT for calendar year 1905, In V. 82. p. 1100. showed: Earnings
companies over charges and depreciation, $2 697,211, against
$1,235,512 In 1904; dividends (paid to Penn. Co.), $1,164,000; balance.
$1,533,211; total receipts of Penn. Co., $1,471,205; bal., sur., over expen¬
ses ($31,003), 7% dlv. on pref. (lncl. 3 K % paid May 1906), and adjustment
value of securities ($200,000), $85,202; combined surplus of operating and
holding companies, $1,618,413.
Office. Philadelphia; New York office,
71 Broadway. —(V. 82. p. 104, 456, 1044, 1 100; V. 84. p. 163,453.)
PEOPLE’S GAS LIGHT & COKE (CHICAGO) .—An absolute consolida¬
tion on Aug. 2 1897 of the companies forming the old Chicago Gas Trust,
V. 64, p. 1088; V. 65, p. 235.
In Feb. 1007 the Ogden Gas Co. and the
Universal Gas Co. were leased for about 34 years, the Ogden Co.’s $6,000,000
bonds and other debts being guaranteed.
V. 84, p. 394; V. 78, p. 1785:
V. 72, p. 244, 91.
As to Northwestern Gas Light A Coke Co., sec that co.
miles;
PROPERTY.—In service January 1907: Street mains, 2,103
meters. 392,397; nubile lamps, 23,673; V. 78, p. 1501.
See V. 66, p. 382.
The price of gas has been fixed at 85 cents per 1,000 cubic ft. for 5 years
from Feb. 1 1906.
The 75-cent gas ordinance of Oct. 1900 was repealed,
without prejudice to the city’s right to maintain Its validity In the Mills
suit (V. 78, p. 346: V. 82, p. 574: V. 84, p. 342), the lower court having de¬
clared It Illegal.
See ordinance at length, V. 82, p. 574.
DIVS.l’89 ’90 ’91 ’92
’93
'94 ’95 *96 '97 to Nov. ’05 ’06
1907
Per cent.) 4
Feb., 1 K
3
3 5 K 4 K(1 Ksc) 6 2 K 1 X
6 vrly
5
In Feb. 1906 the dividend rate was reduced from 6% to 5% In connection
with a reduction In the price of gas. but restored In Feb. 1907.
V. 84, p.388.
BONDS. ETC.—Of the $40,000,000 Issue of 1897 $29,046,000 bonds
were reserved to retire prior bonds, of which $9,800,000 has been Issued.
The balance ($10,954,000), of which $600,000 has been sold, was Issuable
for additional property, improvements or betterments.
V. 65, p. 572*
V. 79, p. 155.
Guarantees p. A 1. Ind. Nat. Gas A Oil ref. 5s ($6,000,000
Issue),
due
auth.
May 1 1936. of which $4,000,000 reserved to retire old 6%
bonds, the report for 1906 (V. 84, p. 388) stating that the company’s guar¬
anty Includes “the outstanding capital, bonds and stock, aggregating
See V. 84, p. 388; V. 83, p. 1293.
$6,000,000.
REPORT.—Report for year ending Dec. 31 1906, In V. 84, p. 388:
Years ending Dec. 31—
1906.
1905.
1904.
Gross Income
$11,680,044 $12,284,363 $12,014,085
Net oper operating expenses
$5,705,579 $5,678,264
$4,892,741
1,819,300
Interest on bonds
1,829,300
1,853,550
Depreciation
782,220
726,989
690,569
of operating
Interest.
Bonds—
Northwestern Coal Ry. 1st M
PlttsACas Shan Ry(V.81 p.781)
6
Mllw.-Western Fuel 1st M.
5
Gas Coal Co
Imperial Coal Co
F
M
A
A
5
Pitts A Chicago
Mansfield Coal A Coke 1st M..
A N
5g.,M
6
16
A-O
A/ aturitg.
Outstanding.
$794,000
May 1 1923
169,589
Aug. 1908
May 1 1916
266,680
Jan.
1908-14
65,000
75,000
May 1908-10
Oct.
1907-13
280,000
A 1. due $40,000 yrly. ._jlnt. at Colonial Tr. Co..
Ohio Coal Co
5
200,000
100,000
Pittsburgh A Moon Run RR
6
Pittsburgh, Pa.
271,401
884.000
to 1909
guar p
Car trust notes
do
do
gold $52,000 due s. a.
MIscell. equlpt. notes
4 Kg., MAN
m
52,592
Feb.
Jan.
1922
1912
to May 1915
To Oct. 1909
pref., 1900 to Oct. 1903, 7 % yearly In cash; on
In scrip, (paid off Nov. 25 1904); since to April 1905
DIVIDENDS.—On
Jan. 25 1904, 1 M %
Inclusive, 1*4 %. quarterly; none later to Apr. 1907.
V. 81, p. 269.
EARNINGS.—For 2 months ending Feb. 28:
Bond
Balance
Gross
Depletion Deprecia'n
Interest.
2 months—
Surplus.
Charges.
Earnings, of Lands.
1907.
$167,810
$191,191
$240,894
$705,828
$105,933
197,511
179,064
154,044
1906
£
647,172
116,552
REPORT.—Report for year ending Dec. 31 1906, In V. 84, p. 389,
showed net profits, after deducting expenses and all losses, $5,297,123;
royalty and depreciation, $1,937,114; Interest on bonds, $1,167,241;
undivided profits, $2,192,768.
DIRECTORS.—M. H. Taylor, (Chairman and President),
ford (Vice-Pres.), A. W. Mellon, Geo. T. Oliver, H. R. Rea,
James H. Beal, John I. Bishop, Calvary Morris, Grant B.
W. R. Wood¬
John A. Bell,
Schlev, D. L.
Gillespie, Alexander Dempster, J. Dennlston. Lyon William Flynn and
Dysart.
Treas. Is F. M. Wallace; Sec., F. J. Le Moyne, 232 5th Ave.,
Pittsburgh.
V. 82. p. 696.—(V. 83, p. 327; V. 84. p. 389, 394.)
PITTSBURGH PLATE GLASS CO.—V. 84. p. 106,697.
POCAHONTAS COAL & COKE.—See Norfolk A Western Ry.
J. C.
POPE MANUFACTURING CO.—ORGANIZATION.—Incorporated In
New Jersey In
Feb. 1903 as successor per plan In V. 75, p. 1401, and
V. 76, p. 267, of the American Bicycle Co., which acquired concerns
mentioned In V. 69, p. 177, 493
See application to list V. 72. p. 536,
and V. 73. p. 782, 1358; plan V. 75. p. 1401; plants, V. 78, p. 1966; V. 83,
1595; properties sold In 1905, V. 80, p. 1734, 2348.
STOCK.—Common stock, $10,000,000, all outstanding: 1st pref. 0%
cum. (subject to call at 110), $2,500,000: 2d 5 % pref. cum. after Feb. 1
1905, $10,000,000; par of shares, $100 each; outstanding, see table.
Stock Is held In a voting trust until Feb. 1 1908.
REPORT for the year ending July 31 1906 was In V. 83. p. 1589, showing:
p.
Balance for stock.
$2,291,221
$3,149,290
$3,134,145
Dividends
(5%) 1,648,455 (6) 1,978,146 (6) 1,978,147
DIRECTORS.—A. N. Brady (Chairman), Geo. O. Knapp (Pres.), C. K.
G. Billings, Walton Ferguson, A. R. Flower. James F. Meagher and W. P.
Martin (Vice-Presidents), W. S. McCrea (Sec.), L. A. Wiley.
Office, 54
Wall St.. N. Y.—(V. 84, p. 225, 342, 388, 394, 576.)
PHILADELPHIA COMPANY—See Pittsburgh. In “St. Ry.” Section.
earnings, $7,723,082; total net income, $1,424,426; general
Int., Ac., $1,195,290; extr. losses, Ac., $138,571; bal., sur., $90,564.
OFFICERS.—Pres., Albert A. Pope; 1st Vlce-Pres.. Albert L. Pope;
Treas., George Pope: Sec., Wilbur C. Walker.
Directors, May 1904
V. 78, p. 1966.
Main office, Hartford, Conn.; N. Y. office, 21 Park Row.
(V. 81, p. 1721; V. 83. p. 1527, 1589, 1595.)
PHILADELPHIA ELECTRIC CO.—ORGANIZATION.—Incorporated
PRESSED
STEEL CAR CO.—ORGANIZATION.—Incorporated In
In New Jersey on Oct. 5 1899.
Controls all electric-light properties of city;
New7 Jersey on Jan. 13 1899 as a consolidation of the Schoen and Fox pressed
also In West Philadelphia and Chester.
steel equipment companies.
V. 73, p. 496, 680; V. 74, p. 1249.
The company has .plants at Allegheny, Pa.,
and McKees Rock, Pa., with a capacity of 150 freight cars per day, and
STOCK.—Authorized, $25,000,000, of which $12,250 In treasury; 40%
passenger car shops have a capacity of 750 steam or street railway cars per
paid In. V. 74. p. 156, 215; V. 78, p. 1449. Dividends: June. 1902
annum.
Also controls (1) Western Steel Car A Foundry Co. (V. 74, p. 991,
to Dec. 1906, inclusive, 5 % yearly on amounts paid In.
835, 729; V. 80, p. 169), which has plants at Hegewlsch, Ill., near Chicago,
BONDS.—Collateral trust 4% gold fifty-year certificates, dated Oct.
16 1899. amounting to $17,500,000 have been authorized, of which $14,982,- | and Anniston, Ala.; (2) Canada Car Co., Ltd. (V. 79. p. 2459, 2749), with
plant at Montreal having a capacity of 6,000 freight and 150 passenger cars
200 were used to purchase $14,994,100 of the $15,000,000 Penn. Mfg.
per annum; (3) Pennsylvania Car Wheel Co., with foundries at Allegheny,
L. A. P. stock ($1,500,000 paid In) and all the $17,500,000 Nat. Elec,
stock ($4,375,000 paid In) the balance to be retained to acquire other 1 Pa., with a capacity of 250,000 car wheels per annum; (4) also the Central
Car Wheel Co. and the Pennsylvania Malleable Co. (V. 84, p. 447).
electric properties In Philadelphia and adjacent counties.
See V. 69. p.
Gross sales and
exp.,
—
,
$
172
INDUSTRIAL STOCKS AND BONDS
MISCELL A NEO US.
Date
--
For
explanation of column headings,
first page of tables.
&c.
see
notes
on
of
.
Bonds
People’s Gas Light (Chic.)—Concl’d—Cal Gas 1st M ass’ed._
Indiana xNatural Gas & Oil first mortgage
Ce
Refunding mortgage $6,000,000 gold guar p & 1
Ce
Ogden Gas first mortgage $6,000,000 guar p & l-_
F
Philadelphia Electric—Stock $10 per share paid In (see text)..
Phila Electric Trust Certificates gold $17,500,000 (see text) _!
Edison Elec Trust Ctfs gold (Ed. stock as coll)
rFP
Old Phila Elec Tr Cfts (Penn H L & P stock as coll)
:
Pittsburgh Coal—Common stock $32,000,000
j
Fhreferred stock 7 % cumulative $32,000,000
j
Collateral trust mortgage gold cash dep for principal
P C of Pa 1st & coll tr M g gu red 110 s i
UPi c*&r!
Pope Manufacturing—Pref stock ($8,633,100 2d pref) (text)
Pressed Steel Car Co—Stock common $12,500,000
G)
Pref stock (as to assets) 7 % non-cum $12,500,000
G
McKee’s Rocks purchase money mortgage
i
1st M gold notes red due $500,000 yearly Feb
Mo c*|
Procter & Gamble—Common stock $9,000,000
j
Pref stock (8 % cum) (See terms In ed. May’93 “Supp”)
!
Provident Loan Society—Bonds (not M) red 102
(text)
!
Pullman Company—Stock $100,000,000
j
Quaker Oats—Common stock, $4,500,000
j
Pref stock 6% cum, $9,000,000
j
Railway Steel Spring Co—Common $13,500,000
j
Preferred (as to assets) 7 % cumulative $13,500,000
;
1st M on Latrobe plant gredlOSsf
Sc*
Republic Iron & Steel—Common stock $30,000,000
:
Pref 7 % (also assets) cum (V 69, p 850) $25,000,000..
»
-
BONDS.—The first mtge. gold bonds are subject
at par and Interest on any Interest day.
V. 72
V. 75, p. 1305.
There are also $75,000 Allegheny
of 1902. part due yearly to 1911, Inclusive, Interest
Size,
1
1906
1900
1899
1896
1898
1902
1904
.
1901
1901
to call In whole or part
343- V. 74. p. 203:
purchase money bonds
p.
’99.
PROCTER & GAMBLE CO.— Formed In 1890 under laws of New Jersey
carry on soap, candle, oils and glycerine business: reincorporated In
Ohio In 1905, V. 80, p. 655, 1916. In 1903-04 built a new plant In Kansas
City, Kan., costing about $1,000,000.
V. 76, p. 1196.
A large plant on
Staten Island. N. Y., Is to be completed in
1907. a part of the cost
being provided by Issue Dec. 1905 of $3,000,000 common stock at par
(less cash dividend amounting to 50 % of new stock) pro rata to holders
of common stock: balance from treasury cash.
This raised common
Stock to $9,000,000.
V. 81, p. 1243, 1562; V. 83, p. 498.
DIVIDENDS.—
’92 to ’97 lncl. ’98 to ’00 1901 to May 1907
On common
12 per cent.
20 yearly *12 yrly (Q.-F.)
•Also extra dividend of 14 2-7% paid Jan. 2 1904 and 25 % Dec. 1905.
V. 77, p. 2038; V. 81, p. 1562.
Office, Cincinnati.
(V. 83, p. 895 )
PROVIDENT LOAN SOCIETY OF NEW YORK.—Incorporated In New
York In 1894 under Special Act.
Operates 5 loaning offices in New York'
City and 1 In Brooklyn.
Certificates of contribution, $1,500,000. on
which dividends at 6% yearly have been paid.
In March 1907 $1,500,000
additional certificates were offered to present holders at par, payable 50%
April 1 and 50% Oct. 1 1907, or optionally In full April 1.
V. 84, p. 629.
Bonds are subject to call at 102 ‘4 on and after Sept. 1 1906.
See appli¬
cations to list V. 79, p. 2152; V. 80, p. 1182.
Report for year end¬
ing Dec. 31 1906, in V. 84, p. 569.
Pres., James Speyer; Vice-Pres.,
Frank Tucker; Treas., Otto T. Bannard; Sec. Mortimer L. Schlff; Asst.
Treas., M. G. Hopf.
Executive Olfice, 105 E. 22d St., New York.—
(V. 80, p. 1179, 1 182; V. 82. p. 690, 872; V. 84. p. 569.)
(THE) PULLMAN CO.—On Jan. 1 1900 the Wagner Palace Car Co.
sold Its assets to The Pullman Company, representatives of the Vander¬
bilts entering the board of directors.
V. 69, p. 854; V. 70, p. 40.
In«Nov.
1906 it was arranged to manufacture steel cars.
V. 83, p. 1174, 12334
V. 84. p. 697.
Real estate not used In mfg. must be sold by 1909.
V. 78, p. 771.
_
.
r
CASH DI VS.) ’77-80.
Since ’77—%
18 yrly.
1907.
’81-83.
’84-98.
’99.
’00-06.
93^ yrly.
8 yrly.
68 yearly. Incl.May,4
In 1898 paid an extra cash dividend of 20 % and stock dividend of 50 %
to distribute surplus assets.
V. 67, p. 75, 78!), 840, 902.
Also In Nov.
1906 36% In stock to distribute surplus.
V. 83, p. 1174, 1233.
EARNINGS.—For 2 mos. ending Sept. 30 1906, gross earnings, $5,652,319; net, $2,324,256; net, lncl. other Income, $2,492,665; dlv. on $74,000,000
stock (1 1-3%), $986,667; bal.', sur., $1,505,998.
REPORT.—Report for 1905-06 was In V. 83. p. 1226, 1346, 1467.
Bal.
sheet July 31 1906 V. 82, p. 279.
Years ending July 31.
1905-06.
1904-05.
1903-04.
Earns, from cars, mfg. profits, &c...$29,588,642 $26,922,022 $24,788,729
Operating expenses
15,344,740
13,884,983
12,254,160
Depreciation on cars, &c
2,609,422
2,331,476
2,318,873
Paid other sleeping car associations..
744,421
651,009
554,095
Dividends on capital stock
5,919,984
5,919,982
5,919,976
Net surplus for year
$4,970,075
$4,134,572
$3,741,625
Total surplus July 31 1906, $27,122,021, against $3,792,188 in 1899.
DIRECTORS.—Robt. T. Lincoln (Pres.). O. S. A. Sprague, Henry C.
Hulbert. Norman B. Ream, Wni, K. Vanderbilt, J. Plerpont Morgan,
Frederick W. Vanderbilt, W Seward Webb. John J. Mitchell, Chauncey
Keep, Charles S. Sweet.
New York, 15 Broad St.—(V. 84, p. 697.)
QUAKER OATS CO.—ORGANIZATION.—Incorporated in New Jersey
In Aug. 1906 the American Cereal Co.
was
merged.
V. 84. p. 697.
Owns mills at Akron, O.; Chicago,
Ill.; Cedar Rapids, la.; Peterborough. Ont.; and Battle Creek, Mich.; also
leases other mills. V. 81, p. 778. Manufactures various cereal food products.
STOCK.—Stock, $9,000,000 6% cum. pref. and $4,500,000 common, as
Increased early in-1906, the $1,600,000 Ainer. Cereal bonds being retired
June 1 1906.
V. 83, p. 574.
Pref. lias no voting power (except as regards
Increase of pref. stock) unless dividends are three months In default.
Of
the common stock $2,080,000 Is held In trust until Nov. 11 1911 tinless
earlier terminated by voting trustees, who are elected annually.
DIVIDENDS.—On pref. in full to Feb. 1907.
On common. 1H% and
H% extra, paid Oct. 1906 and Jan. and Apr., 1907.
REPORT.—Report for calendar year 1906 In V. 84, p. 506, showed:
Profits, $1,283,389; dividends, $571,263; Interest on bonds (paid off),
$40,000; construction expenses, $29,488; balance, surplus, $642,638.
OFFICERS.—President,
Henry P
Crowell; Vice-Pres., James H.
Douglas: Treas., Robert Stuart; Sec., Robert Gorden.
Office, 1600 Rail¬
way Exchange, Chicago, Ill.—(V. 83, p. 1174; V. 84. p. 506, 566, 697.)
QUINCY MINING.— (V. 83, p. 1293; V. 84. p. 342, 577, 752.)
RAILWAY STEEL SPRING CO.—Incorporated In New Jersey on Feb.
25 '02
as a consolidation.
V. 74, p. 382, 482.
In June ’02 purchased
the Steel-Tired Wheel Co.
V. 66. p. 185; V. 72, p. 444; V. 74, p. 1041,
1200; V. 75. p. 80.
Total capacity of all Dec. 1906, 171,000 (being In¬
creased to 225,000) tons annually; also 62,000 steel-tired wheels.
V. 84
p. 100.
DIVIDENDS on pref., 1 H% quarterly, paid June 1902 to Mar. 1907,
both Inclusive.
On com., 2%, April 1904; In 1905 and 1906, 4% yearly
(A.-O.); 1907, April, 2%.
BONDS.—In Nov. 1905 the Latrobe Steel Co. was acquired, $4,500,000
5% 15-year bonds being Issued, a first lien thereon, but not a lien on other
properties.
Annual sinking fund. $135,000.
V. 81, p. 1496. 1726; V.
82, p. 51; official statement. V. 84. p. 100.
REPORT calendar year 1906 In V. 84. p. 569, showed; Net, $2,341 .120;
dlv. on pref. (7%), $944,979; dlv. on com. (4%), $539,988;
bal., sur.,
When
Outstanding
%
Payable.
Where
Payable,
and
Bonds—Princi¬
pal, When Due.
by
Whom.
r
Stocks—Last
Dividend.
.
1006
to
Sept. 20 1901.
Rate
6 g
$250,000
;
Q—J
Eqult Trust Co. Chicago July 1 1917
6
J
&
J Central Trust Co, N Y
4,000,000
July 1 1910
5 g
i',666 2,000,000
M & N Central Trust Co, N Y
May 1 1936
5 g
6,000,000
F
& A Farmers L & Tr Co, N Y May 1 1945
25
&
24,987,750 5 In 1906 J
D Checks mailed
|Dec 13’06 2
%
4 g
15,014,142
J
&
J Land Title & Trust, Phila Oct 1949
100 &c
5 g
1,994,300
A & O Fidelity Trust Co, Phlla;After Apr 1946
5 g
1,000 11,268,060
A & O Land Title & Trust, Phlla'Apr 1 1948
100) 28,297.600
1
i
100
27,246,800 See text.
Q—J
Checks mailed
j Apr 25’05 1 % %
5 g
25,000
75,000
Union Tr Co, Pittsburgh Feb 1908
Q—F
5 g
1,000 &c 23,261,000
J
&
J Union Tr Co, Pittsburgh Jan 1 1954
i
100
11,024,076
!
100
See
text.'
12,500,000
Q—F
)Farmers’ Bank Build,-f ;Aug 30 ’04 1 %
I
100
7
i Q—F
12,500,000
/ Ing, Pittsburgh, Pa. (j Feb 27 ’07 1 % %
4
235,000
|
-do
do
1909
5 g
1,000
2,000,000
F
& A Morton Trust Co, N Y
! 1908 to 1911
100!
9,000,000 See text. Q—F 15 Co. Office, Cincinnati, 0;May 15 ’07 3 %
100
2,250,000 8 in 1906 Q—J 15
do
do
jApr 15 ’07 2 %
500 &c
2,000,000
S 105 East 22nd St, N Y
4M g M &
| Sept 1 1921
100 100.000.000 8 In 1906
Farm Loan & Tr Co, N Y May 15 '07 2 %
Q—F
100
4,487,200 See text. Q—J
15 Checks mailed
JApr 15 ’07 2%
100
8,532.900 6 in 1906
Q—F
r do
do
1 Feb 28 ’07 1
100
&
O Harvey Fisk & Sons.N YiApr 4 ’07 2%
13,500,000 4 In 1906 A
100
13,500,000 7 In 1906
Q—M i
do
do
(Mar 23*07 1 *4 %
5 g
1,000
4,362,000
J
&
J
do
do
; Jan
1 1921
loo! 27,191,000
100
20.416,900 See text.
General
Q—J
Office,Pittsburgh' Apr ’07 Z~*4~%
—
on
Amount
L XXXIV.
$1,000
DIRECTORS— F. N. HofTstot (Pres.). J.- W. Friend (Vice- Pres.).
Adrian H. Larkin (Sec>, James A. Blair, James H. Reed, A.,S. Mafheson.
T. H. Given. James N. Wallace, F. G. Ely.
N. Y. office, 24 Broad St.
(V. 82. p. 450, 456; V. 84, p. 447.)
V. 83. p. 321.381;
INTEREST OR DIVIDENDS.
or
Par
Value.
at 4 %,
’00.
’01.
’02.
’03.
’04.
To 1907.
J
4
5
3
None
6
4
7% per annum (1 M Q.-F.)
REPORT.—Report for year ending Dec. 31 1906, with bal. sheet, was
In V. 84, p. 447, showing profit on operations, $3,381,884;
depreciation,
$350,000; dlv. on pref. (7 %). $875,000; bal., sur., $2,156,884.
In 1905,
profit on operations, $1 106,901.
DIVIDENDS —
Common, per cent
Preferred, per cent
[VOL.
$640,566; total, sur., Dec. 31 1906, $2,236,465.
Average yearly net earn¬
ings of Latrobe Co. for 10 years were about $500,000.
V. 82, p. 51.
Pres.,
W. H. Silverthorn; Sec., M. B. Parker; Treas., F. Carnahan.
Directors,
March 1907, V. 80. p. 1000; V. 84, p. 577.
Office, 71 Broadway, N. Y.—
(V. 83, p. 1417, 1474; V. 84, p. 100, 569, 577.)
REPUBLIC IRON & STEEL
CO.—ORGANIZATION.—Incorporated
in N. J., May 3 1899, to consolidate 29 plants
making bar and forge iron.
Also owns 7 blast furnaces, mining properties In Mesaba range, extensive
iron and coal lands in Alabama, etc.; coke plant of the Connellsville Coke
Co. (See V. 71, p. 545.)
For properties, V. 68, p. 674; V. 70, p. 228;
V. 71. p. 454; V. 77, p. 455; V. 79, p. 1480, 1702: V. 81.
p. 1562; V. 83.
p. 1035; V. 84, p: 342.
Late In 1905 control of the Tenn. Coal, Iron & RR. Co. was
obtained
by the same Interests.
V. 81, p. 1854, 1796; V. 82, p. 1045.
In Nov. 1906 the Republic Iron & Steel and Tenn. Coal & Iron
companies
jointly purchased about 1,800 acres of Iron ore lands near Birmingham,
jointly guaranteeing the $700,000 of 5% guar, bonds.
V. 83, p. 973, 1417.
STOCK.—Common, $30,000,000; pref. (as to assets and dividends), 7%
$25,000,000: of which $2,809,000 common and $4,583,100 preferred
reserved to purchase additional properties.
PREFERRED DIVIDENDS.—Oct. 1899 to Oct. 1903,
7% yearly;
1904, none; In Oct. 1905, 1 Vx %; In 1906, 7% (1^%, Q.-J.): in 1907. Jan.,
1 H%: April 1907, 1 *4 %; and in Jan. 1906. 1
%: and April 1906 to April
1907, lncl., 2% quarterly on account of deferred dividends, leaving 2%
accumulated dividends unpaid.
V. 82, p. 338, 1215; V’. 83, p. 442.
BONDS AND NOTES.—Of the $6,300,000 notes sold for
Improvements
1n 1904 only $944,000 remained outstanding Oct. 1906.
V. 79,
p.
1480
1644, 1720; V. 80, p. 476.
The first mortgage and collateral trust
5s of 1904 are subject to call for sinking fund of at least $250,000
yearly at
105 and interest, and on Oct. 1 1914 and thereafter as an
entirety at the
same
price. V. 80, p. 716. The net cash assets over liabilities other than
bond issue never to be less than $6,500,000 while
outstanding bonds equal
or exceed that amount
and thereafter never less than
outstanding bonds.
Of the $10,000,000 authorized issue. $646,000 had been redeemed and can¬
celed In June 1906 and $729,000 were In the treasury.
See V. 80. p. 1734.
REPORT.—Report for year ending June 30 1906 was In V. 83, p. 1035,
showing net profits over depreciation. <Scc., $2,738,562; div. on pref. (7%),
$1,429,183; bal., sur., $1,309,379.
cum.,
DIRECTORS.—John A. Topping (Chairman and Pres.), G. Watson
French, John F. Taylor, Tracy W. Guthrie, H. S. Black, J. B. Duke,
William H. Hassinger, Geo. A. Baird, Leonard C. Hanna,
Archibald W.
Houston, Earl W. Oglebay. Edward J.
Berwind, Samuel G. Cooper,
John W. Gates, Grant B. Schley and Geo. R. Sheldon. H. L.
Rownd Is
Main office, Frick
Secretary and Treasurer.
Building annex, Pitts¬
burgh; New York office, 111 Broadway.—(V. 84, p. 342.)
RHODE
ISLAND-PERKINS HORSE SHOE COM P A N Y.—ORG ANIZATION.—Manufactures horse shoes and toe calks at Valiev Falls,
R. I.. 6 miles from Providence.
V. 61, p. 1014.
Common stock Is
$1,000,000.
DIVS.—
’93-’95. ’96. ’97. ’98. ’99-’01. ’02-’05. ’06.
) ’92.
’07.
Common. % ) 12
10 yrly. 4 1 j
Preferred, % /
7% yrly.
6 V 5
4 yrly. 5 yrly. 7 \-t Incl Ap,4H
In 1906, 5% regular (Q.-J.) and in April 2% and Oct.
extra.
In
Jan. and April 1907, l?i% and 4% extra.
Office, Providence, R. I.—
(V. 75, p. 1403; V. 82, p. 809; V. 83. p. 690, 1595; V. 84, p. 697.)
ROYAL BAKING POWDER CO.—ORGANIZATION. —A consolida¬
tion Incorporated in Feb. 1899 under the laws of N. J.
See V. 71, p. 545.
Common stock, $10,000,000, all out; par, $100; pref.,
see table above.
DIVIDENDS.—On pref. to Mar. 1907, inclusive, 6% per an.— 1 V, quar.
On common, Jan. 1900 to 1906, 8% yearly and on Nov. 30
1906, 2%
“special.”
Pres.. F. J. Boselly; Treas., John Morris; Sec., W. L. Garey.
Office
Royal Bldg., William and Fulton Sts., New York.—(V. 72, y. 679.)
RUBBER
GOODS
MANUFACTURING
CO.—ORG ANIZATION.—
Incorporated In New Jersey on Jan. 26 1899, and acquired all of the stock
of the Mechanical Rubber Co., which
New York Belting & Packing Co.,
Hose Co., Chicago Rubber Works and
Rubber Mfg. Co., Hartford Rubber
owns
the entire stock of—
Stoughton Rubber Co., Fabric Fire
Cleveland Rubber Co., the Peerless
Works Co., Indiana Rubber Co.
Indianapolis Rubber Co., American Dunlop Tire Co.. New Brunswick
Tire Co., the Sawyer (cotton) Belting Co., and Morgan & Wright (V.
83,
p. 629; V. 84. p. 866), and a large majority of stock of Mechanical Fabric
Co. and the Single Tube Auto & Bicycle Tire Co.
These companies manufacture all classes of rubber goods,
except boots
and shoes, principally bicycle and solid and pneumatic, vehicle
tires, fire
hose, garden hose, air-brake hose, steam hose, belting, packing, hard
rubber goods, druggists' sundries, rubber thread, etc.
In Feb
1907 plans were tinder consideration to liquidate the
company,
only about $200,000 of the $16,941,700 common stock and a small amount
of the $10,351,400 preferred stock not having been acquired
by the United
States Rubber Co.
V. 84, p. 342, 866; V.
82. p. 1105;
V. 81. p. 159;
V. 80, p. 1975, 2225.
DIVIDENDS.—On pref., June 1S9!) to March 1907. 7% per annum
(1*4% Q.-M.).
On common, 1900. 2%; 1901, 3%; 1902 to 1905, none;
1906, Oct., 1% (seml-ann.); dividends on common suspended, pending
merger with United States Rubber Co.
V. 84. p. 697.
BONDS.—The bonded debt of companies controlled consists of:
$531,450 Mechanical Rubber Co. 1st sinking fund gold 6s, due Jan. 1
1918; $618,860 N. Y. Belting & Packing 1st mtge. sink, fund deb. 6s, due
Jan. 1 1918, subject to call at 110.
The General Rubber Co. bonds ($9,000,000 authorized) are
guaranteed,
principal and Interest, by the Rubber Goods Mfg. and U. S. Rubber com¬
panies.
V. 81. p. 36, 901.
REPORT.—Report for year ending March 31 1907, V. 84, p. S66, showed:
Net, $1,095,101; pref. divs. (7%), $724,598; dlv. on com. (1 %), $169,417;
sur., $201,086.
OFFICERS.—Pres., Charles H. Dale; Vice-Pres., Chas. A. Hunter and
Lester Lelatui; See. and Treas., John J. Watson Jr.; Asst. Sec. and Asst.
Treas., James McGufTog.
Gen. office, 15 Exchange Place, Jersey City,
N. J.
N. Y. office, 42 Broadway.
Directors, Oct. 1906, V. 82, p. 933.—
(V. 82, p. 1105; V. 83, p. 690; V. 84, p. 342, 697, 866.)
SAFETY
CAR
HEATING
&
LI OHTIN G.—ORG ANIZATTON.—
Incorporated in 1887 In New Jersey.
Manufactures “PIntseh” light
apparatus, which May 1 1904 was In use on 23,500 cars In the United States.
DIVDENDS.—1 ’93-97.
Cash ( %)
J6 yrly.
’98-00.
'
1901
8 yrly. 11 &10 stk
’02. ’03. ’04. ’05.
9
12
12
17
’06
1907
18
Apr, 4
INTEREST
MISCELLANEO US.
For
.
Bonds
pref)
1886
1896
1902
1,000
1,000
1,000
Payable.
' Bonds^-Princi-
OR DIVIDENDS.
Where
Payable,
pal. When Due
and by
Stocks—Last
Dividend.
Whom.
1 1907
1 1934
700,000
5 g
1 1923
1,750,000 See text. See text.
Apr 15’07 2 H %
5 g j YTarlous 36 Wall St, New York Nov 30 1907
296,000
1,030,000
May 1 1946
5 g
M & N
do
do
1,850,000
4g F & Ado
do
Aug 1 1932
6
Q—M Checks mailed
10,000,000
Mch30’07 1H%
4,921,000 18 In ’06
Q—J
By check
Apr 10 ’07 4%
211,930
Oct 1 1936
5
A & O London, England
1,869,000
5
'A & O NY, Lon and South St P Oct 1 1916
10,000,000 See text.
Q—J Checks mailed
Aprl‘07,1^%
----------1,448,000
6 g jJ
& J Colonial Trust Co, N Y Jan 15 1929
i 1902
1906
j
_
A
.
100!
100
OiUOUtUUO
1887
1888
Q—J ‘First Tr & Sav Bk, Chic Oct
& O New York Tr Co. N Y
Oct
'J
& D Hanover Nat Bank, N Y Dec
5 g
5 g
$944,000
8,625,000
j1
■
Water—Stock $28,000,000.
$28,000,000 gold (other bonds see text)
1,000
----
-
-
-
-
_..i
!
950,000
j umce, an otn Ave, in x
8 in 1906
Q—M !
See text. See text. Guaranty Trust Co, N Y
7 In 1907;
Q—J '
do
do
6 g
IF & A Central Trust Co, N Y
4^ g A & O;
do
do
See text. See text. Checks mailed.
5 g
F & A Guaranty Trust Co, N Y
5
|J
& D Fidelity Trust Co.. Balt.
1,000
916,000
100
28,000,000 See text.!
Q—J !
1.000' 17,500,000
4 g jJ
& D N Y, San F & Fran-on-M
o g
;>z,uuu
j
j
og
30.000,000
10,000,000
6,700,000
2,000,000
! 2,000,000
4,000,000
100
1.000
2,876,000
100
100
100
I
Status Sept. 1906,
Union Trust Co. of San
and to
Dec. 1905 $13,975,000 were
and $525,000 for
Improvements.
The remaining $10,500,000 are applicable for acquisitions
and Improvements equal In cost to at least 85 % of value of bonds. V. 78,
p. 992; V. 81, p. 1726; V. 82, p. 164.
DIVIDENDS.—Reorganized company paid 21 cents per share Oct. 1903;
Jan., Apr
July 1904 and Jan., Apr. and July 1905, 63 cents each; in Oct.
1904 and 1905, none; 1906, Jan. and Apr., 63 cents each; none July 1906.
REPORT.—In 1906. total income, $2,447,586; net, $1,174.449; Interest,
1615.)
ST. PAUL UNION STOCK YARDS CO.—ORGANIZATION.—Incor¬
Owns 170 acres about 5 miles, south of
porated In Minnesota in 1886.
St. Paul used for stock yards purposes and large amount of adjacent town
site.
Stock, $2,000,000; par of shares, $100.
Bonds, see table above.
ending Dec. 31 1906, gross, $217,819; net, $167,919; Interest on
bonds, $104,014; bal., sur., $63,905.
Pres., Wm. Maglvny; Acting Mgr.,
H. B. Carroll: Sec. and Treas., A. A. McKechnle.
Office, South St.
Paul, Minn.—(V. 75, p. 613.)
Year
ill
•
1907, 3%
1’07 2 1-12
1 ’07 1 H %
1 1920
1 1918
1 ’04 2 %
1 1932
Dec 1907-1918
Apr ’06 63c
Dec 1 1923
Apr
Mch
Apr
Feb
Apr
Feb
Feb
losses in the recent earthquake.
V. 83, p. 327, 498.
V. 83. p. 704.
Of the gen. gold 4s ($28,000,000 authorized Issue;
Francisco, trustee), $3,000,000 have been issued for Improvements
take up $359,000 old water-works bonds. In
sold to refund the $13,616,000 prior bonds Sept. 1 1906
Plntsclr Co.
Andrews, j
Directors include: Robert Andrews, R. M. Dixon, Wm. Barbour, A. C.
Soper, Win. A. Read, J. E. French, O. C. Gayley, P. B. Wyckoff, E. M.
Bulkley and E. Le B. Gardiner.
Main office, 2 Rector St., N Y.—(V. 79, i
150; V. 80, p. 2218; V. 81, p.
%
100
REPORT.—Report for year ending March 31 1905, In V. 80, p. 2218
showed combined net earnings of safety and Plnsch cos. were $1,393,842;
dlvs. on Safety Co. stock (12M%). $615,123; dividends on
stock, etc., $265,200; bal., sur., $513,519.
Pres., Robert
p.
Outstanding
100
Col c*| 1904
General mortgage
When
l.OOOi
j
Debentures gold
:
Singer (Sewing Machine) Manufacturing—Stock
Sioss-Sheffield Steel & Iron—Common stock $10,000,000
j
Preferred (as to assets) 7 % non-cum $10,000,000
Sloss Iron & Steel Co first mortgage gold
_..Ce
General mortgage gold subject to call at par
Ce
Somerset Coal—Stock, $4,000,000.
|
First mortgage $4,000,000 gold red 110 s f
Car trusts, part due yearly
FBa
"
$l,000&c
1,000!
j
1902
$30,000,000-i
Slmpson-Crawford Co mortgage
Spring Valley
1904
1904
1906
$10,000,000_text.
Simpson Securities—Stock ($1,000,000 8 % cum
Real estate & coll M $1,500,000 g red 102 M
Amount
Rate
i
Republic Iron & Steel.—Continued.
I
Collateral notes (cash deposited to redeem notes)
c*j
c*
1st and coll tr M $10,000,000 gold red 105 s t (text)
Potter Ore 1st M $700,000 g guar (text) s f
j
Rhode Island Perkins HorseShoe—Pref 7 % cum $1,750,000-'
Rochester & Pittsburgh Coal & Iron—First M gold sink fd-_c
Helvetia purchase money mortgage gold sinking fund.Ce.c*
First mortgage of 1902 $2,000,000 gold red 105 s f
Q.c*
Royal Baking Powder—Pref stock $10,000,000 6 % cumula’e'
Safety Car Heating & Lighting—Stock ($5,000,000)
St Paul Union Stock Yards—Sterling priority loan
»
Sears,Roebuck & Co.—Pref. stock 7%cum.,
Par
Value.
of
explanation of column headings, &c., see notes on
first page of tables.
First mortgage
Size, or
Date
173
BONDS
INDUSTRIAL STOCKS AND
Apr.. 1907.1
|
,
$943,075; dividends, $189,321; balance, surplus, $42,053.
OFFICERS.—Pres., Chas. W. Howard; Sec., Pelham W. Ames; Treas.,
Bank of Cal. Office, 126 Stockton St., San Francisco. Cal.—(V. 84, p. 577.)
i
In N.
Twine Co., foreclosed
SEARS, ROEBUCK & CO.—ORGANIZATION.—Incorporated In New !
p. 1726,
whichMass.,
ownedand3 mills
In operation,
Boston
•ay plan
Mill V.
at 81,
(Alston),
the Waterbury
and Morgan Ave.
York June 10 1906.
Conducts retail mail order business In Chicago, j Ber
V. 83, p. 629, 41.
Lehman Bros, and Goldman, Sachs & Co. offered the j mills at Brooklyn, N. Y., besides two Idle and partly dismantled; also stock
($50,000) of Cannabis Mfg. Co., owning 3 mills—the Chelsea and Boston
preferred stock.
In Boston, Wm. Wall & Sons of Brooklyn; see V. 73, p. 614; V. 81, p.
STOCK.—Common stock, $30,000,000, all outstanding; par $100.
Pre- i mills
1726: reports of committees In V. 72, p. 987, 1140.
ferred, see table above.
Preferred stock Is also preferred as to assets and
BONDS.—The adjustment (Income) mtge. bonds have the right to elect
cannot be increased or mortgage (other than purchase money mortgage) I
created without the vote of three-fourths of each class of stock.
Entire j a majority of directors until Interest has been paid for two consecutive
preferred stock or pro rata portion may be redeemed at 125.
No dividend years and thereafter one vote for each $100.
shall be paid on common stock until $1,000,000 at least has been set aside
EARNINGS.—Report for 1903-04 In V. 79, p. 1265.
as surplus profits and not in excess of 4% until an additional $1,500,000 has |
OFFICERS.—Chairman of Board. James B. Clews: Pres.. Charles Wil¬
been set aside.
I son;
Vlce-Pres.. E. C. Butler; Sec. and Treas., James G. Hurty.
Direc¬
DIVIDENDS.—Dividends on preferred, 1%%, paid Oct. 1906; Jan. i tors Jan. 1907, V. 82, p. 872; V. 84, p. 106.
Office, 82 Beaver St., N. Y.—
SAN FRANCISCO
GAS & ELECTRIC CO.—See
STANDARD CORDAGE CO.—ORGANIZATION.—Incorporated
11 1906 as successor of the Standard Rope &
“Street Railway” Sec.
Y. Apr.
viz.: Sewall &
-
1907, 1 H %; April. 1 H %.
EARNINGS.—For 6 mos. ending Dec. 31
1906 (V. 84, p. 342),
gross
profits, $6,196,711; expenses, int., &c., $4,359,474; div. on pref. (3bj%)>
$349,982; bal., sur., $1,487,255.
Total sales for year ending I),cc. 31 1906, $51,866,874, against $38,708,528
(V. 82, p. 1273; V. 83, p.
1
42, 442.)
STANDARD MILLING CO.—ORGANIZATION.—Incorporated In New
Jersey on Oct. 31 1900 as successor of the U. S. Flour Milling Co., per
In V. 70, p. 284,V. 71, p. 185, and owns directly or through subsidiary com¬
1
plan
j
; panies mills In Minneapolis. Duluth, West Superior, Milwaukee, Buffalo,
in 1905.
Earnings for 6 months ending June 30 1906: Gross profits,
Syracuse and New York; total dally capacity. 47,000 barrels of flour. See
$5,821,765; other revenue, $50,000; expenses. Interest, &c., $5,016,074;
V. 75, p.1252; V. 68. p. 873, 929; V. 69, p. 29. 1010; V. 71, p. 817; V. 84,
bal., sur., $855,691.
Year 1904. gross profits, $9,135,770; expenses, lnt., , p. 697.
Properties taken over May 11 1902. As to Incorporation of
&e., $6,267,707; bal., sur., $2,868,061.
Hecker-Jones-Jewell Milling Co., see V. 84, p. 697, 752.
OFFICERS.—President, Richard W. Sears; Vlce-Pres., Julius RosenSTOCK AND BONDS.—Stock, all outstanding, common. $4 600.000;
wald; Sec.. Albert H. Loeb.—(V. 83, p. 1475* V. 84. p. 106, 342.)
pref., 5 % non-cum., $6,900,000. Of the new 1st 5s, $2,123,000 Is reserved to
SIMPSON
SECURITIES CO.—ORGANIZATION.—Incorporated
in retire at par the $1,448,000 Hecker-Jones-Jewell 1st 6s and $675,000 North¬
New York June 20 1904.
Owns $2,396,000 of the $2,500,000 common , western Consolidated Milling 1st 6s (see V. 70, p. 283). The new mtge. is
limited to $5,750,000 but may be Increased by $500,000 for working capital,
and the $1,500,000 second pref. stock (par of shares, $100 each) of the i
the bonds to be sold at not less than 95.
Slmpson-Crawford Co., having department store on 6th Ave., 19th to
DIVIDENDS.—On preferred, 1903, 1%; 1904 to Oct. 1906,2% yearly:
20th Sts., N. Y.
The $400,000 first pref. Is owned by Pres. Henry Siegel !
1907, April, iyt%.
and friends.
for year ending Sept. 30 1906,with balance sheet, In
Of the 6s of 1904, $78,000 is reserved to retire the debentures.
They V. REPORT.—Report
83, p. 968, showed: Income for year, $468,150; int. on bonds, $179,850;
are subject to call at 102\A by a sinking fund amounting to $25,000 per
annum for three years ending Jan. 1
1908 and $50,000 thereafter. V. , div. on pref. stock (2%), $137,795; bal., sur. for year, $150,505; total sur¬
plus Sept. 30 1906. $1,541,466.
79. p. 790.
Of the bonds shown above as outstanding, $44,000 were In
OFFICERS.—Pres., Brayton Ives; 1st V.-P., Wm. L. Bull; 2d V.-P., J.
Sept 1906 in the sinking fund drawing Interest.
C. Ivllnck; Sec. and Treas., J. A. Knox.
Office, 49 Wall St., N. Y.—
Calendar year 1906
net earnings were In excess of $300,000.
V. 79. (V. 81. p. 1314; V. 82. p. 164; V. 83. p. 968;
V. 84, p. 697, 752.)
p. 790.
Office, 311 Sixth Ave., New York.
STANDARD OIL.—ORGANIZATION.—This New Jersey corporation
MACHINE)
MFG. CO.—ORGANIZATION.—
SINGER
(SEWING
In June 1899 to the Standard Oil properties, held by liquidating
Incorporated in 1873 In New Jersey under special Act.
Plants are located i succeeded
See “Supplement” for April 1899 and V. 68, p. 1227; V 69 p. 28.
at Elizabeth, N. J.; Kllbowle, near Glasgow: St. John, Que.. etc.
In trustees
V. 83, p. 1293.
Controls about 23.000,000 of the 26,000.000 barrels of re¬
Jan. 1907 the Wheeler & Wilson Mfg. Co. was to be merged.
V. 83, p. 276. i fined
oil produced yearly in the country and about the same proportion of
Proposed Improvements, 1906, V. 83, p. 276; V. 84, p. 54.
other finished products of petroleum.
Also controls wells In Penn., Ohio
Stock, $30,000,000, having been Increased In Dec. 1900 by 200% stock
and W. Va., and has pipe lines totldewater.
V. 66, p. 1239; V. 69, p. 745;
dividend, capitalizing surplus.
V. 71, p. 1224. 1273. Dividends on stock V. 71, p. 1273; V. 76, p. 387,870; V. 77, p. 1536; V. 82, p. 809; V. 82, p.1105;
as Increased 1901 to June 1902, Inclusive. 7% yearly (paid Q.-M.); Sept.
V. 84, p. 808.
1902 to Dec. 1903, both Inclusive, 3% quarterly; Mch. 1904, 4%; June 4%;
Report of Commissioner of Corporations, YT. 82,p.!ll05, 1160.
Govern¬
Sept., 19%: Dec., 4%; 1905. March. 4%; June. 4%; Sept., 3%; Dec.. 2%;
suits, V. 83, p. 1233, 1293.
In 1906. 8% (2% quar.); 1907, Jan., 2%; April. 3%.
Office. 149 B’way, ment
DIVID’S.— ’96. ’97. ’98. ’99. ’00. *01. *02. ’03. ’04. ’05. 1006.
N.Y. Pres., Douglas Alexander; V.-P., Edwin H. Bennett.—(V. 83, p. 276.)
Per cent
31
30
48
48
45
33
33
44 36 40
40
SLOSS-SHEFFIELD
STEEL
&
IRON CO.—ORGANIZATION.— 1905 Mch., 15%; June. 9%; Sept.. 6%; Dec. 10%; 1906, Mch.. 15%.*
Incorporated In New Jersey
See prospectus, V. 69 p. 280; V. 70, June, 9%; Sept., 6%; Dec., 10%; 1907, March, 15%.
p.1099; V. 71, p. 185, 545; V. 72. p. 779; V. 76. p. 659.
Stock, $3,300,000
OFFICERS.—Pres., J. D. Rockefeller: Treas., W. H. Tllford; Sec. C. M.
pref. Is reserved for future requirements.
See listing, V. 70, p. 1200. Pratt. Office. 26 Broadway. New York.
showing properties, rights of preferred shares, etc.; also V. 72, p. 774; 1
DIRECTORS.—J. D. Rockefeller. William Rockefeller, H. M. Flagler, J.
V. 78, p. 1177; V. 81, p. 1324.
D. Archbold, H. H. Rogers, W. H. Tllford, C. M. Pratt. O. H. Payne, E. T.
DIVIDENDS on pref. Apr. 1900 to Apr. 1907, 7% yearly (Q.-J.);7% de- i Bedford, C. W. Harkness. J. A. Moffett. F. Q. Barstow and Walter Jen¬
nings.—(Yr. 82, p. 1160; V. 83, p. 100, 1233, 1293; V. 84. p. 512, 808.)
dared for 1907.
Div. on com. in 1905, 5%, in cash (A. & O.), andinOct.,
33 1-3% in com. stock ($2,500,000); 1906, 5% (A.-O.); 1907, Mar.. 2 1-12%.
STANDARD ROPE & TWINE CO.—See Standard Cordage Co.
the div. period being changed from seml-ann. to quar.
V. 84, p. 395, 453.
STANISLAUS WATER POWER CO.—See issue of Oct. 1906.
EARNINGS for 9 months ending Aug. 31 1906 (partly estimated), net,
SUNDAY CREEK CO —ORGANIZATION.—Incorporated In New Jer¬
$1,148,432. against $1,175,092; charges. $253,746; div. on pref., $342,000;
sey June 30 1905, acquiring Sunday Creek Coal Co. (acreage owned In Ohio,
bal., sur., $552,686.
Report for year ending Nov. 30 1906 given at length
*■
In V. 84, p. 625, 818, showed net above depreciation,
bond Interest, $210,000; div. on nref. (7%), $469,000;
(5%), $500,000;
sur., $1,843.
Total sur. Nov. 30
1906, $2,723,322.
Pres., J. C. Maben; Sec. and Treas., E. L. Morris. Birmingham, Ala.—
(V. 83, p. 629. 1417; V. 84, p. 54. 395, 453, 625, 800, 818.)
SOMERSET COAL CO.—ORGANIZATION.—Incorporated in Pennsyl¬
vania about Jan. 1902. V. 81. p 1497. Coal mined In ’06, 1,533.714 tons. Of
the stock. $2,001,100 Is owned by Consolidation Coal Co., which see; par of
shares, $100.
V. 78, o. 1272.
First dividend, 2 %, paid Feb. 1 1904; none
since.
Bonds, see above.
V. 78, p. 1272.
Car trusts of 1906 mature
$80,000 In 1907 and $76,000 yearly thereafter.
V. 83, p. 1040.
Report for year ending Dec. 31 1905 in V. 82, p. 1154.
In 1906, gross
earnings, $1,957,371;
net. $398,231; other Income, $26,840; charges,
$264,834; bal.. sur.. $160,237.
Pres., C. W. Watson. Office, Baltimore,
Md.—(V. 82. p. 809, 1154; V. 83, p. 1040; V. 84, p. 697.)
SOUTH YUBA WATER CO.—See “Street Railway” section.
SOUTHERN & ATLANTIC TELEGRAPH.—Leased to Western Union
for 999 years from Oct. 1 1876 (which owns $390,475 of the $949,050 stock),
and stock guaranteed by rental 5%, payable A. & O. by Treasurer West. Un.
NEW ENGLAND TE LE PHONE.—(V. 82, p. 1378; V. 83
p. 217, 1102. 1233; V. 84, p. 275.)
,
SPRING
VALLEY WATER CO.. SAN FRANCISCO.—ORGANIZATION.—Successor Sept. 24 1903, per plan V. 76, p. 216, 977. to Spring Val¬
V. 78. p. 827.
Suit. V. 82. p. 574; V. 84, p.577.
In
ley Water-Works.
Aug. 1906 an assessment of $3 a share was levied on the stock to provide for
V.
84.
par.
p.
106.
Stock authorized,
$100.
BONDS.—The collateral trust 5s
deposit of cer¬
entire $3,250,000 Cont. Coal
& H. C. & C. stock. $12,000
remaining $20,000 stock. A
all bonds previously retired will be
of 1905 are secured by
tificates of beneficial Interest representing the
stock and $3,230,000 of the $3,250,000 Kan.
of the bonds being reserved to retire the
‘
sinking fund or $35,000 and Interest on
used to draw bonds by lot at par July 1 yearly.
|
SOUTHERN
Hocking Valley
Continental Coal Co.
assuming
rental of $100,000
leased, 84,100; owned,
leased, earning*
$4,000,000; outstanding. $3,750,000;
16,300; leased, 250), also leasing properties allied to the
Ry., viz.: Kanawha & Hocklug Coal & Coke Co. and
(owning together 59,500 acres In W. Va. and Ohio) for 39 years,
all Interest charges for their first mortgage bonds, and the Buckeye Coal &
Ry. and Ohio Land & Ry. (24,350 acres) for 25 years at
yearly and royalty on coal mined. Total acreage
16,300.
Application to list showing properties owned and
and balance sheets of the various companies, was in V. 83. p. 160-2; see also
etc., $1,210,843;
div. on common,
i
EARNINGS.—For 9 mos. ending Mch. 31 1906, gross, $4,664,790; net
$834,110; oth. Income, $14,845; lnt., s.f., Ac.. $692,498;
OFFICERS.—Pres., John H. Winder; Vfce-Pres.. H. H. Helner; Sec.
Treas., C. A. Suydam
Office, 44 East Broad St., Columbus,
(V. 82, p. 1105; V. 83, p. 100, 162; V. 84, p. 106.)
bal., sur.,$156,457.
and
Ohio.—
Incorporated In Illinois April 1
Yards, Chicago: at South Omaha,
Joseph. South St. Paul and Ft.
secured option on plant In Portland, Ore. V. 81,
SWIFT & CO.—ORGANIZATION.—
1885.
Has packing plants at Union Stock
Kansas City. East St. Louis, South St.
Worth, and In Dec. 1905
p.
1854.
174
INDUSTRIAL STOCKS AND BONDS.
MISCELLANEO US.
Date
For
explanation of column headings.
first page of tables.
&c..
see
notes on
■
--
|
Eq
Col,
1906
Coll tr M cold s f (other bonds text)
Swift & Co—stock $50,000,000
iauo
i-
Mpc*j
1900
!
—
Ce.c*
1905
__AC:
1900
100
Un.c*'
ed_.
...Ma
Ce.c*'
(text)
s
See text.
f
1901
1,000
100
100
1,000
1.000
500 &c
1 ,000
CO.—ORGANIZATION.—Incorporated
in 1873 tn Penn¬
sylvania, and In Mch. 1899 purchased anthracite coal
properties of Simpson
& Watkins around Scranton, Pa. V. 69.
p. 231.
Controlled In the Interest
of Del. Lack. & West., Cent. RR. of N. J.,
Reading Co., Lehigh Valley
Erie and N. Y. Susq. & West, which
guarantee both stock and bonds. See
V. 71 p. 1124, 1170; V. 78. p. 2015.
AND BONDS.—The certificates of beneficial Interest In the
stock were retired Dec. 31 1906 and the stock distributed
among the various
roads.
Bonds are secured by stocks of properties owned and are
subject
to call by sinking fund of 15 cents
per ton on coal mined at 110 and Interest;
they are guaranteed, but severally In different proportions, by the railways
above named.
Bonds for $11,000,000 are reserved for additions.
V.
71,
1124, 1170; V. 75, p. 926.
OFFICERS.--Pres.. Geo. F. Baer, Philadelphia, Pa.; V.-P., and Treas.,
A. F. Law, Scranton Pa.; Sec., Geo. L. Houser.—
(V. 78 p. 2015.)
TENNESSEE COAL IRON & RAILROAD COM PAN Y.—ORGANIZA¬
TION.—Owns steel rail mill, blast furnaces, coal mines, Iron
mines, foun¬
dries &c., In Tennessee and Alabama.
V. 70, p. 588; V. 75,
In
p. 621.
July 1906 re-Durchased Birmingham Southern RR., 26 miles. V.
83, p. 42.
In Nov. 1906 the Tenn. Coal & Iron and
Republic Iron & .Steel companies
Jointly purchased about 1,800 acres of Iron ore lands near Birmingham,
Jointly guaranteeing the $700,000 of 5% bonds.
V. 83, p. 1413, 973.
On Nov. 30 1899 the Alabama Steel &
Shipbuilding Co. plant was opened
at Ensley City.
The plant has ten open-hearth furnaces of 50 tons each and
a capacity of 1 000 tons of steel billets
and slabs dally, and Is leased to the
Tenn. Coal, Iron & RR. Co., which
guarantees Its $1,100,000 6% bonds
and $440,000 6% pref. stock.
V. 70, p. 591.
The cbmmon stock, all
owned by the Tenn. C. I. & RR. Co., carries control of
stock.
V. 66, p.
1002, 1235; V. 67, p. 127, 801; V. 70, p. 1196; V. 72, p. 584.
In Dec. 1905 Republic Iron & Steel Interests
acquired control.
V. 81,
p
1677. 1796; V. 82, p. 164, 1046.
DIVIDENDS.—On common In 1887, 1%; In 1900, 6%; 1902 to
1904,
none; May 1905 to May 1907, both Incl., 1%
quarterly.
p.
STOCK.—Stockholders voted Jan. 31 1906 to Increase the com. stock
from $23,000,000 to $30,000,000.
Of the new stock, $3,420,180 was sub¬
scribed for by stockholders at par In four
equal Installments to Feb. 1 1907
and $3,480,000 additional was offered at
par, payable 25% at once 25%
Mch. 11 1907, 25% June 10 and 25%
10 1907, raising the common
stock outstanding to about $29,453,080. Sept.
V. 82, p. 284, 396; V. 83, p. 1294.
Stockholders voted Oct. 16 1906 to Increase the common stock from
$30,000.000 to $50.000.000,to provide for additions and
acquisitions and workng capital.
V. 83. p. 704.
BONDS.—Of the $15,000,000 gen. gold 5s of 1901,
$3,000,000 were sold
to complete the steel mill at
Ensley, having an annual capacity of 100,000
tons of rails and 200,000 tons of steel and other
forms; $10,654,500 were re¬
served for existing bonds bearing 6 and 7 %
interest (of which $619,000 had
been Issued In Jan. 1906), and the balance for
Improvements.
To Jan. 1906
$145,000 had been retired by the sinking fund.
V. 72, p. 876. 940. 989;
V. 73. p. 86. 554. 1117; V. 77. p. 93, 2162; V.
80. p. 169.
EARNINGS.—For 8 mos. ending Aug. 31 1906, total net
Income, $1,375,870; Int. on bonds, &c., $553,607; depreciation, $211,269; dlv. on stock
(2% on common and 4% on pref.), $456,042; bal., sur.,
$154,951.
1905 In V. 82, p. 1208.
In 1905 output was;
Coal 2,231,659 tons; coke, 890,634
tons; iron ore, 1.436,282 tons; limestone
and dolomite. 212,290 tons;
foundry and basic pig Iron, 529,036 tons;
open-hearth steel Ingots, 246,558 tons; total finished
product steel works,
198,814 tons; Bessemer rolling mill product, 25,166 tons.
REPORT.—Report for
Yr. end. Dec. 31—
1005.
Bal.
for
year
sr.$100,382
1904.
1903.
1902.
$1,562,797
761,583
304,905
$2 904,976
739.527
411,422
$2,602,778
750,283
419,537
19,006
19,864
23,174
sr.$477.253 sr.$l,734.163 sr.$l 409,785
DIRECTORS.—John A. Topping (Chairman),
Anthony N. Bradv. Frank
H. Crockard, Geo A. Kessler, J. W.
Gates. L. C. Hanna. E. W. Oglebay.
Grant B. Schley, S. G. Cooper, E. J. Bcrwind and
Oakley Thorne.
VlcePres. and Gen. Mgr., Frank H.
Crockard; Sec. and Treas., L. Hoover, 111
Broadway, New York.—(V\ 83, p. 564, 704, 973, 1294, 1417; V. 84,
p. 275.)
TENNESSEE COPPER CO.—V. 84, p. 512.
TEXAS fit PACIFIC COAL.—Owns 56,700 acres of
coal lands In Texas.
Business consists of mining coal and
manufacturing coke, brick, &c.
Stock,
$2,500,000; outstanding, $2,387,628.
Cash dividends: 1896, 4 %: 1897. 4 %;
1898, 4
%; 1899, 6%; 1899 to 1904, 6% yearly: 1905 Mch..
June and
Sept., 2% each In stock; Dec., 1 H% cash; 1906, 6% cash (1 y2
Q.J.); Mch.
1907, 1 V2 %.
Mtge Is for $500,000 of 6% bonds due 1908, bonds for
$355,000 In sink, fund (In Apr. 1906),
leaving $145,000 outstanding; lnt.
A. & O. at Central Trust Co., N. Y.,
trustee.
Pres., E. L. Marston, 24
Broad St., N. Y.— (V. 80,
p. 1239.)
TEXAS PACIFIC LAND TRUST.—V.
81. p. 209; V. 83, p. 154.
TRENTON POTTERIES CO.—Stock,
$3,000,000, of which $1,179,400
Is 8% non-cum. and $70,600 cumulative
8 % pref.; ••Supplement,,
Apr.
1897.
Dividends on pref. from Apr. 1900 to Apr.
1907, Incl., 2 % quarterly.
In July 1902 $518,728 4
%funding certificates (lnt. payable J. & J. 10),
were Issued to fund the 44
% accumulated dividends on assenting
pref., lat¬
ter being made 8 %
non-cum.. per plan V. 74, p. 1256.
The certificates are
subject to call for a non-cumulative sinking fund of $25,000
yearly, begin¬
ning Jan. 1903, payable out of net profits. If any, overlnt. on certfs.
and dlv.
on pref.; to April
1907 $107,158 were purchased and canceled.
Int. on
certfs. paid to Jan. 1907, incl.
V. 75, p. 81, 1208,
1258.—(V. 76, p. 483.)
UNION BAQ & PAPER
In New
Jersey on Feb. 27 1899 as a CO.—ORGANIZATION.—Incorporated
consolidation of over 90 % of the paper
bag busi¬
ness of the country.
V. 68. p. 430; V. 69, p. 182.
See V. 71 p. 545. Aa-
&
&
Q—M
i
-
New York, 26 Broadway
Apr 1 1931
Apr 1 1931
Apr 15 *07 1^
Nov 1 1930
1911 & 1922
Mar 15 ’07 15 %
5 g
6 g
5 g
J
J
J
F
J
&
&
-
J
1)
J N. Y., J. P.
Jan
1
6 g
6 g
5 g
6
6 g
6 g
5 g
892.000
700,000
A
F
J
J
J
J
J
&
&
&
&
&
&
&
O
A
do
do
do
do
do
do
do
J,
J,
J
I)
D
do
do
do
do
do
do
do
Jan
Feb
July
Jan
July
Dec
Dec
1946
1 1951
1
1952
1 1944
1
1914
’07 3 %
1925
’07 1
1
’07 2
1 1917
1
1917
1 1910
1 1951
1 ’07
3
1 1930
1 1922
1 1923
1
1
sets and list of
properties, see prospectus, V. 68, p. 333; V. 82, p. 937; V. 84,.
p. 866; rights of stock, &c., V. 68, p. 675.
Report for year ending Feb. 1
1907, with balance sheet, was In V. 84, p. 866, showing: Net earnings,
$934,487; lnt. on bonds and notes, $145,625; dlv. on pref. (5 H %). $605,000;.
sink, fund, depreciation, &e., $156,942; balance, $26,920.
BONDS.—Of the bonds of 1905 ($5,000,000 authorized), $2,200,000 was
floating debt, acquire additional timber lands and other prop¬
erty, Increase working capital, &c.
The remaining bonds are reserved for
future purposes, any property acquired to he placed under the
mortgage.
V. 80. p. 2402; V. 81, p. 269, 564.
DIVIDENDS.—On pref., July ’99 to July ’06, 7% per an.|(l
quar.)
Oct. 1906, 1%; 1907, JAn., 1%; Apr., 1%.
V. 83, p. 564, 1175.
•
]
OFFICERS.—Pres., L. G. Fisher; 1st V.-P., Edgar G. Barratt; 2d V.-P.,
John H. Derby; Treas., E. S. Coleman; Sec., W. L.
Sparks.
Office, 17
Battery Place, N. Y.— (V. 84, p. 866, 876.)
sold to pay the
,
STOCK
O Equitable Tr Co, N Y
do
j
do
O Office 49 Wall St, N Y
N-N Y, Metropolitan Tr Co
!
1,124.000
1,000
1.000
1,0001
In 1906 purchased $15,000,000 new stock at par
outstanding to $59,000,000.
V. 82. p. 52.
Probable in¬
Dividends since 1888: 1889 to 1894 Inch, 8%;
1895 to July 1898. Inch, 6%; Oct. 1898 to
Apr. 1907,7%. Bonds,see table.
REPORT.—Report for year ending Dec. 31 1906, with balance sheet, was
In V. 84, p. 100.
In 1905-06 sales were over $200,000,000 yearly, against
$170,000,000 In 1900. Pres., Louis F. Swift; V.-P., Edward F. Swift; Treas.,
L. A. Carton; Sec., D. E. Hartwell.
Directors, Jan. 1907, V. 84, p. 100.
Office, Chicago.—(V. 83. p. 1040, 1360, 1596; V. 84, p. 54, 100, 107.)
SYRACUSE LIGHTING CO.—V. 84, p. 512, 629, 936.
and
Whom.
New York
i.
2,729,000
4,823,000
440,000
1,100,000
.
1898
1892
1906
Payable,
Bonds—Princi\pal, When Due.
Stocks—Last
by
Dividend.
,
315,000
1912
2,870,000
&
Morgan &Co. July
5 g
&
2,800,000
Feb
AJ
do
do
5 g
3,865,000
&
J New \rork
July
50,000.000 7 In 1906
Q—J
New York & Chicago
5 g
J
&
5,000,000
J N Bk of Rep; N Y & Ch July
6
J
&
2.500,000
J,Guaranty Trust Co, N Y Jan 2
4 g
J
2,297,000
&
J Guaranty Trust Co, N
Jan
See text. See text i Q— F iHanover Bank, N
iMay
8
248.300
do
y— F
do
May
6 g
4,015,000
J
&
J
do
do
Jan
500 &c
100
amount
Total net profits
$2,092,463
Int. on bonds, &c
772,580
Depreciation, &c
291,599
Dlv. on common, 4 %_
902,116
Dlv. on preferred
19,786
| Where
j
LXXXIV.
'f
&
6
See text
1,000
1 ,000
1,000
of stock, V. 83. p. 822.
TEMPLE IRON
|
When
! Pay ale.
See text.
1,000
STOCK.—Stockholders
raising
crease
%
98,338,300 40 In ’06
100
_
g guar
Outstanding
2,123,000
100
Temple Iron—Stock $5,000,000 guaranteed (see te
j
Mortgage & coll tr bonds $15,000,000 g gu s f (seet
G.c* I 1899
Tenn C I & RR Co—Stock common $50,000,000 auth..
Preferred stock 8% cumulative (see text)
Birmingham, Ala, Dlv, con M g s f 1 %, not d’rn... .Ce.c’j 1887
Tennessee Dlv bonds g s f 1 H % yearly not drawn... _Ce.c*t .1887
De Bard M g ass s f $30,000 yearly not drawn
-F.C* ' 1890
Potter Ore 1st M $700,000
Rate
$100' $2,800,000
5 g
2,806,000
A
2,500,000 Up to5 %
100
6,900,000 See text, j A
5 g
1,000
3, 837 .000
iM
(Co owns $1,052,000 of these)'
Standard Oil—Stock $100,000,000
I
,
Stanislaus Water Power—Common stock
$10,000,000
Preferred stock 6 % $6,000,000 (see text)
'
First mortgage $10,000,000 gold red 110 beglnnlngl913.
1906
Sunday Creek—Sunday Creek Coal 1st M gold, assumed
1892
>
K & H C & C 1st M g gu by Hock Val HR, red 110 aft 1911
i 1901
ConCoallstM g gu by HockValRR, s f ’06 red 110 af’12
S
1902
cos
Amount
*
■
Standard Cordage—Stock
First mortgage gold red 105
Adjustment (Income) mortgage see text
Standard Milling—Stock (preferred 5% non-cumulatlve)
First mortgage gold $6,250,000
INTEREST OR DIVIDENDS.
or
Par
Value.
Bonds
-
Mtge. bonds of controlled
Size,
of
[VOL.
a
UNION DEPOT CO. OF COLUMBUS, O.—The P. C. C. & St. L. owns
half Interest In this property.—(V. 63, p. 117; V. 64,
p. 804.)
UNION ELECTRIC LIGHT & POWER CO., ST. LOUIS.—ORGANIZA¬
TION.—Incorp. in Mo. In June
Missouri Edison Electric Co.
was
1902 as
a
absorbed.
consolidation; In Sept. 1903 the
V. 77, p. 40, 774.
Does prao-
tlcally all of the electric-lighting business of St. Louis.
Has a 10-year con¬
tract with St. Louis Transit Co. to supply about 12.000
horse-power and
contract to supply public city electric lighting till Sept. 1 1910.
North
American Co. owns practically all ($5,655,575) of the
outstanding stock.
V. 80, p. 1000.
Decision sustaining consolidation, V. 82, p. 1105.
Application to list, showing properties, &c., was In V. 83. p. 269.
Securities—
Date.
Interest.
Outstanding. Last dtv., Ac.
Stock (par $100)
$5,709,675
Imper. L. H. & P. 1st M._
5
154,000
Mo. El. Lt & Power 1st M 1891
6
Q.-F.
600,000
1921
Mo. Ed. 1st cons. M., $4,-1 1897
5 g. F.&A.
Feb. 1 1927
3,198,000
000,000, g
c*j
Int. In St. Louis or New York.
U. E. L. & P. 1st M. ($10,000,000 authorized Issue), see table
above.
Three-year g. notes, $4,-11 1906 5 g. J.&J15
3,000,000
Jan. 15 1909
000.000 ($1,000 each) cjRedeemable par after Jan. 15 1907.
STOCK.—Of the $10,000,000 stock, $175,325 Is reserved for exchange
outstanding Mo.-Ed. El. stock and $4,115,000 Is held In trust for the
treasury, of which $3,000,000 Is pledged to secure the 3-year notes due 1909.
BONDS.—Of the 5s of 1902, $3,798,000 Is reserved to retire the Mo.for
Edison and Mo. El. L. & P. bonds.
Cash has been deposited to retire the
Imp. L. H. & P. bonds. See V. 76, p. 1360; V. 77, p. 40; V. 78, p. 1396;
V. 79. p. 2751.
The 3-year gold notes of 1906 (of which $3,000,000 Issued) are secured
by
an equal amount of stock which the North Amer. Co.
agrees to buy at par at
maturity, If the notes are not otherwise provided for. The North American
Co. will also have the right to purchase the $1,000,000 stock
deposited for
the remaining notes, If Issued. V. 82, p. 105.
EARNINGS.— For year ending Dec. 31 1905, gross earnings, $1,573,348;
net over taxes
$628,612; lnt. on bonds, $293,362; bal., sur., $335,250.
OFFICERS.—Pres., John I. Beggs; 1st Vice-Pres.. Julius S. Walsh;
Treas., W. V. N. Powelson; See., Harold P. G. Coates. N. Y. office, 30'
Broad St.—(V. 82. p. 104, 1 105; V. 83, p. 102, 269.)
UNION FERRY.—Operates five ferry lines between New York
and
Brooklyn.
The mtge. covers 19 ferryboats, real estate, &c.
DIVIDENDS.—
1 1894 to’97.
’98.
’99. 1900 to Apr. ’07
Percentj 4 yearly.
2XA
3
2 yearly.
Terms of lease, expiring May 1 1906. V. 80.
p. 2225.
Pres., J. D. Fairchild.—(V. 80, p. 1125, 2224; V. 81 p. 921.)
UNION STEEL CO.—The United States Steel
Corporation, which took
possession as of Jan. 1 1903. owns the entire $20,000,000 stock
guaranteeing
$45,000,000 of 5 % bonds. See V. 75 p. 1359; V. 75, p. 1150; V. 74,
p. 100.
Properties
are:
Plants at Donora and Sharon, Pa., with
dally capacity as follows: 5 blast
furnaces, 2,500 tons; 24 open-hearth furnaces, 2,400 tons; 3
blooming, slab¬
bing and sheet bar mills. 3,200 tons; 4 rod mills 800 tons; 2 wire and nail
mills, 7,000 kegs; 1 plate mill. 400 tons; 1 tin-plate plant, 3,600
boxes; 2
sheet plants; 1 by-product coke plant (212
ovens), 1,000 ton®
Coking coal property In lower Connellsvllle district, 4,740 acres of coal
and 810 acres of surface.
Steam coal property on Monongahela River, 1,524 acres of
coal and 179
acres of surface.
Two modern steel ore steamers.
The Sharon and Penobscot mines (In fee) and Donora and
Sweeny mines
(leases) on the Mesaba range, estimated to contain 40,000.000 tons of
ore.
BONDS.—The 1st and coll. 5s of 1902 ($45,000,000 authorized
Issue)
are guaranteed, principal and
Interest, by the U. S. Steel Corp. and are
secured by all the property of the company.
Including the Sharon Steel stock
acquired.
They are subject to call after Dec. 1 1907 at 110 and Interest.
Of the bonds. $39,144,000 have been Issued, of which
$3,645,000 were held
alive In sinking fund on Jan. 1 1907, $3,645,000 are to be
used to retire un¬
derlying bonds and balance Is reserved for future purposes. An annual
sinking fund payment of 2 % of the amount of bonds outstanding.
V. 75
p. 1150- V. 76. D. 107, 546.
Guaranty, V. 76. p. 709.
Underlying bonds—
Date.
Interest.
Outstanding.
Maturity.
Sharon Steel 1st M. g. sink") 1900
5 g. A.&O.
$821,000
Oct. 1 1940
fund
] Subject to call at par after Oct. 1 1910.
Sharon Steel Mtge. (1st onll901
5 g. J.&D.
897,000
June 1 1941
tube mill
2d on other) Subject to call at 105 to June 1
1911; thero-
property).
Coke
Sharon
j
first
after
mort-11901
at
par.
5 g.J.&D.
1,119,000
Dec. 2 1931
gage
J
Subject to call after 1906.
(V. 76, p. 107, 334, 545. 709; V. 78,
p. 1171, 1227; V. 83. p. 912.)
UNION STOCK YARDS OF OM AH
A.—ORGANIZATION.—Incorpor¬
ated In Nebraska In Dec. 1887.
Owns about 200 acres of land at South
Omaha covered with buildings, &c., to
carry on business and other real
estate.
Tn May 1903 lt was voted to Increase the stock
from $6,000,000 to
$7,500,000, the new stock being distributed, lt was
understood, as a 25 %
stock dividend.
V. 76, p. 927; V. 83, p. 162.
Cash dividends
_
—
are paid 6%
yearly (Q.-M.).
There are no bonds.
Pres., W. A. Paxton: Sec. and
Treas., J. C. Sharp.
Office, South Omaha, Neb.—(V. 83, p. 162.)
UNION SWITCH & SIGNAL
CO.—ORGANIZATION.—Incorporated
In Pa, In 1882.
Owns plant at Swlssvale, Pa.
In 1898 acquired National
Switch & Signal Co.
V. 68. p. 471; V. 67, p. 738.
STOCK.—In Jan. 1906 stockholders subscribed to $250,000 new
com.
stock at $75 per $50 share and In Mch. 1907
$250,000 at $80 per $50 share,
raising the amount outstanding to $2,000,000.
V. 84, -p. 453.
Pref. Is
entitled to 6% ahead of common, then H%
for every 1 % on common
until112% is reached, then both stocks share alike.
.
175
INDUSTRIAL STOCKS AND BONDS.
Ape., 1907.J
\
pal, When Due.
Size, or
For
explanation of column headings,
first page of tables.
&c., see notes on
Union Bag & Paper—Common stock $16,000,000
Pref stock (as to as. & dlv) 7% cum
First mortgage $5,000,000 gold, red 105 s f
Union El L & P. St Louis—1st M g(other bonds
Union Ferry—Stock
First mortgage gold red at 110 since Nov 1 1895
Union Steel—1st & coll M $45,000,000 g gu s f
Union Stock Yards of Omaha—Stock $7,500.000
Union Switch & Signal—Common stock $2,500,000
of
Par
Amount
Bonds
Value.
Outstanding
;
Ta.c*' 1905
text)_MSt.c*i 1902
Preferred stock (see text)
1st consol mortgage gold due $50,000 July 1
Union Typewriter—Common stock
First 7 % preferred stock cumulative
2d pref stock 8% cumulative $6,000,000
N.c*<5cr
autli
i 1890
1902
yearly
$100 $16 ,000,000
100i 11 ,000,000 See text.
5 g
2 ,140,000
5 g
6 ,202,000
i.ooo!
3 ,000,000 See text.
100
5 g
2 ,200,000
100 &c i
5 g
1,000 &c 35 ,499,000
10(V
7 ,500,000 6 In 1905
'
50
50
DIV1DS. (since’98)
,000.000' See
319,000;
100
100
100
50
50
1902
1,000
,000,000
,000,000
,015,000
,000,000
,000,000
833,000
.771,459
,892.000
authorized
100
250 &c i
&e
100
j
1900
1,000
1,000
50
%1
}
See text.
4 Mj g
See text.
When
,
Payable,
Where
Payable, j
Whom.
and
by
Stocks—Last
Dividend.
—J
i Check from Co s office Apr 15 ’07 1 %
1930
J 17 Battery Place, N Y July
&
1932
<Sc
Si No Am Co. N Y or St L'Sept
’07
( —J
( Company office, Bklyn
H SilApr
lO 20
Corn
Exch
M
&
Y
Nov
Bank, N
N;
1952
Y
N
Trust
&
J
Co,
N
Y
;Dec
D;
Junel ’06 1 4 %
—M
Checks mailed
—J
Apr 10 ’07 3 %
do
—J
Apr 10 *07 3 %
&
J
...July 1907 14
&
O Check from Co’s office'Apr 1 ’07 3 %
do
do
&
O
(Apr 1 ’07 3 4 %
do
do
&
O
iApr 1 ’07 4 %
I Feb
15’07,1%
—J
'Apr 1 ’07 14 %
A
&
O Bowl Green Tr Co, N Y Apr
1 1952
Decl5'02 1 H%
See text.
J
&
J Trust Co of America, N Y Jan
1 1926
I.Jan 15 1926
J & J 15
J
M
\Q
-
6 g
6 g
—M
Check from Co’s of flee, Mar 1 ’07, 1
,000,00b! See text.
42 Broadway, N Y
Apr29’07 1
Q —.T
,000,000 7 In 1906
15 ’06
do
do
• Nov
000,000; 6 in 19.06 M & N
100
100
1901
5 g
6 In 1906
7 in 1906
8 in 1906
,302.400;
100;
100
text.
497,600 See text.
1,000
’99 ’00 ’01 ’02 ’03 ’04 to ’06
1907.
6 74 8
8
9
10 Y’rly Incl. Apr., 6
J
3
4
4
Y’rly
Incl.
0
6
8
Apr.. 6
REPORT.—Report for cal. year 1906 in V. 84, p. 449, showed:
Gross,
$5,057,111; surp. over lnt., $1,055,332; divs. on com. (9%), $157,226; dlv.
on pref. (104%), $52,248; sur., $845,858.
In 1905, gross. $2,980,890.
Pres., George Westinghouse; Sec. and Treas., James Johnson.
Office,
Swlssvale. Pa. —(V. 83, p. 42, 1475; V. 84, p. 449, 453.)
UNION TYPE WRITER.—Organized In 1893 in N. J.
A combination
Including Wyckoff, Seamans & Benedict (Remington), Yost Writing Ma¬
chine American Writing Machine (Caligraph), Smith Premier Typewriter
and Densmore Typewriter cos.
V. 79, p. 1481.
Decision, V. 84, p. 630.
1907
DIVS.
’93 '94 ’95 ’96 '97 ’98 ’99 '00 ’01 ’02 to ’06
7 yearly
Apr., 3 4
1st pref. % 3 4
7
7
7
7
7
7
7
7
8 yearly
Apr., 4
2d pref. %
0
6
8
8
816 16
0
6
.
2
1898
1906
1906
Rate
%
1,000
1
United Bank Note Corporation—Common stock $5,000,000__
Preferred 6% cumulative $5,000,000 (also as to assets)
l
American Bank Note debentures gold
!
United Box Board & Paper—Pref. 7 % cum. $14,948,900
Gen M $2,750,000 g red par, s f $50,000 yearly
Tac*.
Collateral trust bonds $1,750,000 redeemable at par.Ta.c*’
United Cigar Mfrs—Pf stk (also assets)7% cum $5,000,000
I,
j
United Copper—Common stock $75,000,000 authorized
Stock 6 % g cum pr (olfer V.84,p.343), can be called at 125.
United Fruit—Stock $20,000,000.
Debentures gold conv red at 110 since Jan 1903
OBj
No Ry of Costa Rica 1st M g red 105 s f & lnt gu
OB.c*|
United Gas Improvement Co—Stock $45,900,250
On pref
On com
Bonds—Princi-
INTEREST OR DIVIDENDS.
MISCELLANEO US.
! £
,289 .000 See text. Q— J
M
&
5 g
.292.000
M
&
5 g
1 ,137,000
8
Q- J
45 ,884 .950
15 Co’s office, Boston
lAprlo
S Old Colony Tr Co, Boston Sept 1
do
do
S
iSept 1
15 Philadelphia office
I Apr 15
%%
%%
3 %
2%
1911
1915
'07 2 %
’07
OFFICERS.—President, Jacob Werthelm; Treasurer, Edward A. Kerbs:
Secretary, Walter A. Schiffer.
Office, 1018 and 1020 Second Ave., N. Y.
—(V. 83, p. 1475; V. 84, p. 802.)
UNITED COPPER CO. OF NEW JERSEY.—ORGANIZATION.—Incor-
Korated
onds ofInthe
N. Montana
J. on April
28 1902,
and owns
about 95by%F.of Augustus
stock and Helnze
all the
properties
copper
developed
and associates.
In Feb. 1906 the leading mines were acquired by Amal¬
gamated Interests and associates and vested in the Red Metal Mining Co.,
an operating company with $11,000,000 stock, the latter being all owned
by the Butte Coalition Mining Co., Incorporated Feb. 24 1906 with $15,000 000 stock (par of shares, $100).
V. 82, p. 396, 511, 755, 991. Leading
assets Feb. 1907, V. 84, p. 448.
Surplus over stock paid In may be used In
acquiring company’s bonds, other obligations or shares.
V. 82, p. 991.
STOCK authorized, com.. $75,000,000; Issued, $45,000,000.
Par of
shares. $100. V. 75, p. 139. In Mch. ’07 nearly $4,000,000 of the $5,000,000
6% cum. pref. stock had accepted the offer of President Helnze to take in6 yearly
Apr., 3
Com.stk. %
exchange 125% in common stock.
V. 84, p. 343. 448, 577.
Div. on pref.
Pres., Clarence W. Seamans; Sec., Geo. K. Gllluly.
Office, Jersey City, paid Nov. 1902 to Nov. 1906, incl.. 6% yearly (M. & N.). Dlv. on com.,
N. J.
New directors March 1906 V. 82 p. 701.—(V. 82, p. 701.)
4% and 4% extra paid July 31 1905; Jan. to Oct. 1906, both incl., quar.,
1 4 % and 4 % extra; Jan. 1907, 1 4% and 4% extra; Apr., 14%.
UNITED BANK NOTE CORPORATION.—ORGANIZATION.—Incor¬
Report for year ending June 1 1906 in V. 82, p. 1320.
Statement for 13
porated In N. Y. Feb. 20 1906 as successor per plan, V. 81, p. 1851, 1794,
mos. ending Jan. 31 1907, with bal. sheet, was In V. 84, p. 448, showing:
of American Bank Note Co.
Stockholders of the old company received
Net Income, $6,050,473; pref. dividends, 6% (year), $300,000; com. dlv.
(year), 7%. $3,150,000; com. div. (Jan. 1907), 1 *4%, $787,500; bal., sur.,
avlng the right to subscribe pro rata for $400,000 of new pref., with 100 %
$1,812,973.
com. as bonus at the rate of $75 per share (par $50) to supply $600,000 for
OFFICERS.—Pres.. F. Augustus Helnze; VIce-Pres., Arthur P. Heln?e;
working capital and Investment fund.
In Jan. 1906 more than a majority
Treas. and Sec., Stanley Gifford.
Office, 42 Broadway. N. Y. — (V. 82.
of the stock was deposited.
Proposed new plant. V. 83, p. 499.
p. 991, 1320, 1501; V. 84, p. 107, 343, 448, 577, 755.)
STOCK.—No lien shall be created or additional stock Issued without the
assent of 80% of each class of stock.
Of the stock $500,000 of each class
UNITED ELECTRIC CO. OF NEW JERSEY.—See “Street Ry.” Section
Is available for future purposes.
UNITED EL. L. & POWER CO., N. Y.—See Consolidated Gas.
DIVIDENDS (old co.) V92 to ’94 '95 to ’98
*99
’00 to Mar.’07 inc
UNITED FRUIT CO.—ORGANIZATION.—Incorporated in N. J. on
Per $50 share
j$4 y’rly. $3 y’rly.
$3 50 $3 y’rly; see below March 30 1899 to control the tropical fruit business.
Payable (50c.) 1 % each In M. & S. and ($1) 2 % each in J. & D.
Official statement, V. 69, p. 854.
Properties owned, see reports V. 71,
Dlv. on pref. stock of United Co., 14% quar.. paid July 1906 to Apr.
p. 1011, 1020; V. 73. p. 1060, and V. 77, p. 2096; V. 79, p. 2475; V. 83.
1907, Inch; on common, 1% Aug. 1906: Nov., 1%; 1907, Feb., 1%.
p. 1289; V. 74, p. 1095; V. 75, p. 621.
Northern Ry. of Costa Rica, seer
REPORT (old Co.)—For cal. year 1905, profits (after deducting cost of
V. 71, p. 1067; V. 75, p. 851; V. 80. p. 223: V. 81, p. 614.
Nlpe Bay Co.,
new machinery), $765,006; charged off (real estate, &c.), $114,543; reserves
V. 81, p. 215; V. 82, p. 1382; V. 84 p. 755.
for depreciation In Investment acct. ($50,000), special machinery ($30,000),
DIVIDENDS—
\Oct. 1899. 1900. 1901. 1902 to Jan.’07.
1907.
Ac., $100,000; dividends paid, $216,000; bal., sur., $334,463.
Per cent
J
10
8
24
7 yearly.
Apr., 2
Office, 78-86 Trinity Place, N. Y.—(V. 83, p. 1360; V. 84, p. 225.)
BONDS.—Debentures are convertible Into stock at the option of the
UNITED BOX BOARD & PAPER CO.—ORGANIZATION.—Incor¬
holder, and are subject to call In whole or In part at option of company.
porated In N. J. on May 28 1902 and took over, as of Jan. 1 1902, per plan
V. 73, p. 240, 295, 496; V. 75, p. 803; V. 79, p. 156.
To Oct. 1906 $2,030,V. 74. p. 375, 26 leading strawboard and box-board plants In the country
000 of the $4,250,000 bonds were converted and $400,000 purchased for
having a capacity of 1,359 tons dally; also acquired $4,495,500 of the $6,s. f. and canceled; of the remainder outstanding, $150,000 were owned by
000,000 American Strawboard Co. stock and entire stock of Knickerbocker
Pulp & Paper Co., with a dally capacity of 40 tons of pulp.
V. 74, p. 1041; a subsidiary company. As to Elder & Fyffes Shipping Co., see V. 77, p.41.
V. 75. p. 1358; V. 80. p. 226.
Owned entire 2,000 shares of Uncas Paper Co.
REPORT.—Report for year ending Sept. 30 1906, V. 83, p. 1289, 1287.
of Norwich, Conn., which was sold to the Amer. Strawboard Co. V. 84,p. 107
Net
Earnlnos
Mlscel.
Dividend
Balance,
Fiscal
In April 1907 three unused plants had been sold and it was proposed to
Year.
Earnings.
Sub. Cos.
Charges.
on Stock.
Surplus.
$3,720,402
cr.$66,131 (7) $1,235,745 $2,550,788
1905-06
dispose of other unprofitable mills.
V. 84, p. 876.
465,014
(7)1,167,792
In Mch. 1906 the-Chicago protective committee acquired control, Its
1904-05
1,446,914 net 170,807 cr. 15,085
972,674
(7) 967,675
Chairman, Sidney Mitchell, being elected President; $914,000 gen. mtge.
1,804,895 net 272,880
1903-04
137.425
bonds held in the treasury were then offered at 80 to reduce the floating
DIRECTORS.—Andrew W. Preston (Pres.), Minor C. Keith (V.-P.).
debt (about $850,000) and more than half had been subscribed for. the plan
A. Hubbard (Treas.), Bradley W. Palmer (Sec.), Lorenzo D. Baker,
for the sale of Am. Strawboard stock being abandoned.
V. 84, p. 808, Charles
John S. Bartlett, Reginald Foster, Francis R. Hart, James A. Jones, Hugh
630, 876; V. 83, p. 1540.
Kelly, Kenneth K. McLaren, Wm. S. Spaulding, James J. Storrow, Henry
Common stock authorized, $14,018,500; outstanding, $13,896,433.
General offices, 131 State St.
Underwood and Samuel Untermycr.
Dlv. on pref., 1% %, paid Dec. 15 1902; none since to Apr. 1907.
V. 76, O.
Boston, Mass.—(V. 83, p. 624, 1289, 1297; V. 84. p. 755.)
p. 658, 1038.
In Dec. 1906 dividends on American Strawboard stock were
(THE) UNITED GAS IMPROVEMENT CO.—Organized 1882 In Pa.; re¬
V. 84, p. 52 (compare circular V. 84, p. 107).
resumed, 2% being paid.
organized In 1885.
Charter Is perpetual and business is the building, leas¬
BONDS.—The shareholders on Dec. 18 1905 authorized $2,750,000 gen.
ing and operating of gas works (see list in 1900; V. 70, p. 1000, 944); alsomtge. 6% bonds, with s. f. $50,000 annually beginning 1907 to draw bonds
interested In certain trolley lines and electric-lighting properties; also owns
by lot; also $1,750,000 collat. trust 6 % gold bonds, to be secured by deposit
Kansas natural gas properties.
See list and capitalization of operating cos.
of majority Interest ($4,298,000) in the Amer. Strawb. Co. stock re-pur¬
In V. 79, p. 498, and editorial, p. 478; V. 79. p. 2090; V. 80, p. 2342; V. 81,
chased from friends of the company, with a like s. f. beginning Oct. 1908;
p. 977, 1727:
V. 82. p. 1160, 1444; V. 83. p. 42, 499, 1123, 1360, 1541;
also all dividends in excess of 2% on the Amer. Strawboard stock are to be
V. 84, p. 107, 164,395,936.
used to retire the bonds. V. 84, p. 106. The gen. M. bonds were Issuable to
STOCK.—The stockholders voted on May 14 1906 to Increase the ‘dock
take up the existing mtge. debt, the balance being reserved for underlying
from $36,725,000 to $45,900,250, nearly all the new stock being subscribed
liens, total about $1,150,000 on 14 of plants (see list, V. 75, p. 1304), viz.:
Traders’ Paper Co., N. Y., 6s, $200,000, due by Nov. 1919; Thompson
by stockholders at par for extensions and acquisitions. V. 82, p. 396,
1105. 1160.
Pulp & Paper Co., N. Y., 6s, $200,000; Somerset & Kennebec Co., Me.,
DIVIDENDS.—Since 1888 8 % per annum, payable quarterly.
In
$283,000; Tytus Paper. &c., O., $122,500; Wabash Paper Co., Indiana,
$200,000; Peoria Strawb. Co., Ill., 6s, $100,000; Wilson et al., $23,00 >,&c.
Jan. 1896 paid extra dividend of 15% in convertible scrip.
Amer. Strawboard Co. has outstanding $200,000 1st s. f. fund gold 6s,
REPORT for 1905 in V. 82, p. 1101, showed prollts of $5,070,165; divi¬
due Feb. 1 1911, lnt. paid. F. & A. at International Trust Co., Boston; it
dends (8%), $2,938,000; bal.. sur.. $2,132,165.
also assumed $150,000 Uncas Paper Co. bonds on purchase of that com¬
DIRECTORS.—C. A. Grlscom, Samuel T. Bodlne, W. W. Gibbs, Randal
pany.
V. 84, p. 107; V. 83, p. 1541.
Report of Am. Strawboard Co. for Morgan, George Phlller and Samuel R. Shipley. Pres., Thomas Dolan;
Vlce-Pres. and Gen. Mgr., .Samuel T. Bodlne; 2d Vice-Pres, and Gen.
year ending Dec. 31 1906, with balance sheet was in V. 84, p. 692.
EARNINGS.—Earnings for year 1906 (nothing having been charged for
Counsel, Randal Morgan; 3d VIce-Pres., Walton Clark; 4th Vice-Pres, and
depredation outside of ordinary repairs) were:
United Box Board, $78,357; Treas., Lewis Lillie: Sec., W. F. Douthlrt, Broad and Arch Streets, Phlla.
American Strawboard, $397,124; Uncas Paper Co., $109,454; total, $584,(V. 83, p. 1541; V. 84, p. 107, 164, 275, 395, 936.)
935, against $645,536 in 1905.
Deducting Interest of minority stockholders
UNITED NATIONAL GAS CORP., PITTSBURGH.—V. 83, p. 1475.
of Am. Strawboard Co. ($127,024) In earnings of 1906, leaves a balance of
UNITED SHOE M ACHI NER Y CORPOR ATION.—ORGANIZATION.—
$457,910.
Compare V. 84, p. 453; V. 83, p. 1540.
Incorporated in N. J. on May 2 1905 as successor of the company of the same
DIRECTORS.—Sidney Mitchell (Pres.), Herman Grossman (2d Vlcename per plan, V. 80, p. 1862.
Properties, V. 68, p. 333, 430; V. 74, p.430;
Pres.), Hyatt Cox (Sec. and Treas.), Chas. C. Adslt, Charles A. Brown,
V. 75, p. 851; V. 77, p. 255; V. 80, p. 1486.
The old pref. received par In
Luther W. Bodman, Geo. J. Marott, Lazard Kahn, Douglas Miller, James
new pref. and 14 % cash and the com. 150% In new com. and 3% cash.
Office, 111 Broadway, N. Y. Over 95% of the stock of old co. was acquired. V. 81, p. 564.
Todd, Gustav Wuerst and Joseph E. Otis.
(V. 84, p. 808, 876.)
STOCK.—In
1906 the holders of the common stock subscribed at
__
Eer share one share of com.
and one share of pref. of the new company; also
.
...
...
...
—
—
UNITED CIGAR MANUFACTURERS
CO.—ORGANIZATION.—In
corporated In New York April 28 1906. Successor United Cigar Mfs.
Owns entire stock of Stralton & Storm Co. and Lichtenstein Bros. Co. of
New York and $236,000 of $400,000 stock of Geo. L. Storm & Co., Lehman
Application
Bros, and Goldman, Sachs & Co. offered the preferred stock.
to list, showing properties acquired, rights of stock, &c., was In V. 84,p.802.
STOCK—Common stock, $15,000,000 (par $100), of which $7,650,000
held In voting trust for live years ending June 1 1911; Central Trust Co.
Preferred stock
N. Y., voting trustee
Preferred, see table above.
cannot
be Increased or mortgage other than purchase money mortgage created
Preferred shall have
without consent of three-fourths of preferred stock
no voting power except while default for at least two
quarterly dividends
No dividend shall be paid on common stock until at least
$1000,000 has been set aside from earnings as surplus prollts and thereafter
not In excess of 6% In any year until $100,000 has been set aside
DIVIDENDS.—On pref., 1 *4% quar. paid .Sept. 1906 to Mch. 1907, incl.
EARNINGS.—Report for 9 mos. ending Dec. 31 1906. In V. 84, p. 802,
showed:
Net sales, $9,127,543; profits, $776,987; other Income, $64,260;
Interest on loans and deposits, $106,924; special reserve on customers’
accounts, $50,000; dlv. on pref. stock (3 4 %), $175,000; net profit,$509,323.
continue.
Nov.
$1,628,400 common stock, raising the amount outstanding to $17,854,300.
V. 83. p. 822, 1040.
The preferred is entitled in the event of dissolution to $35 per $25 share
and all accrued dividends In preference to the common stock.
Dividends
were paid on the old (stock at the rate of 8% on the common and 6% on
the preferred from organization In Feb. 1899 to July 1905, Inclusive.
On
new stock, 14% on preferred and 2% on common paid Oct. 1905 to Apr.
1907, both Inclusive.
V. 81, p. 901.
EARNINGS.—Report for year ending Mch. 1 1906 In V. 82, p. 1436.
Report of old company for year ending Mch. 1 1905, V. 80, p. 2456.
DIRECTORS.—Sidney W. Winslow (Pres.), Geo. W. Brown (Treas.),
Frank L. Babbott, William Barbour, J. H. Hanan, E.P. Howe. E. P. Hurd,
G. E. Keith, J. C. Kllham, R. Matz, W. F. Robinson, J. J. Storrow, A. R.
Turner Jr., Samuel Well, Frank Wood and Robert Treat Paine 2d.
Sec,
is Louis H. Baker of Boston, Albany Building, Boston, Mass.—(V. 83, p.
par to
217, 822,
1040.)
IRON PIPE & FOUNDRY CO.—ORGANIZA,
TION.—Incorporated In New Jersey on March 13 1899 per plan in V. 81,
p. 233; V. 69, p. 757; V. 71, p. 1124.
UNITED STATES CAST
176
INDUSTRIAL STOCKS AND BONDS.
MISCELL A NEO US.
For
Date
explanation of column headings, &c.t
see
notes on
first page of tables.
INTEREST OR DIVIDENDS.
Size,
or
Par
of
Bonds
[Yol.
Value.
Amount
Rate
Outstanding
%
When
Pag able, j
Where
Payable,
Whom.
and
Bonds—Princi¬
pal, When Due.
by
Stocks—Last
Dividend.
Uaitea Shoe Machinery Corp—Common stock $35,000,000..
$25 $17,857,100 8 in 1906 Q—J 15 Check from Co’s office
Preferred stock 6% cumulative $15,000,000
25
9.348,775 6 In 1906 Q—J 15,
do
do
U S Cast Iron Pipe & Foundry Co—Com stock $15,000,000 au
100 12,500,000 4 in 1906 See text. Office 71
Broadway, N Y
Preferred stock 7 % non-cumulatlve
100
12,500,000
7 In 1906
Q—M
!
do
do
|j S Cotton Duck—See Consolidated Cotton Duck Co
U S Envelope—Common stock $1,000,000.
100
750 ,000';
Preferred stock 7 % cumulative $4,000,000
100
3.750 ,000 See text. M
&
S Old Colony Tr Co, Boston
First mortgage gold red after 1908 at 104 sinking fund
1898
1,000
6 g
2,000 ,000
J
&
J
do
do
Debentures gold part due yearly red at 101 beginning 1907_ 1902-4
166 ,000
1,000
F
5
&
A
g
do
do
United States Express—Stock
1
100
10,000
,000
1906
M
4
in
&
N
Office
49
United States Leather—See Central Leather Co
Broadway, N Y
l
United States Mortgage & Trust—Stock
100
2,000 ,000-24 in ’06 J
&
D Office 55 Cedar St, N Y
1st mort trustF’E” & “F” gold red after 10
years
c*<fcr 1897-8
1,000
1,000 ,000:
4 g
Various
do
do
bonds
l“G” to “N” gold red after 5 years
c* ’98 -’02 100 &c
8,000 ,000
4 g
Various
do
do
U S Realty & Imp—Stock $30,000,000 authorized
N
100
16,162 ,800 See text.
Q—M
Debentures $13,506,000 g conv to July 1 ’08 redl05__N.c*
1904
1.000
13,284 ,000
5 g
J
&
J Office 111 Broadway,N Y
United States Reduct & Refin Co—Common stock
$6,000,000
100
5,918 ,800 See text.
Checks mailed
Q—J
Preferred (also as to assets) 6 % non-cumulatlve $4,000.000;
100
3.945 .800 6 in 1906
do
Q—J
First mortgage gold red 110 s f (see text)
N
1,000
6 g
2,077 ,000
J
&
J Kessler & Co, N Y
United States Rubber—Common ($25,000,000 authorized)..
100
25,000 ,000 2 in 1900
Office 42 Broadway, N Y
First preferred ($40,000,000 authorized) 8 % non-cum
100 36,263 ,000 8 in 1906
od
Q—J
do
2d pref ($10,000,000 au) 6% non-cum
100
9,848 ,600 6 in 1906
do
Q—J
do
Collateral fund gold notes (see text)
Mo.c
1904
5,000
8,000 ,000,
5 g
M & S 15 Morton Trust Co, N Y
Boston Rubber Shoe Co gold bonds
1898
1,000
5 g
4,800 .000
F
A Eliot Nat Bk, Bos & Prov
&
General Rubber deb $9,000,000 gu p & 1 red 105
1905
1,000 &c
6,000 ,000|
J
&
J First Nat Bank, N Y
4 Yx
United States Smelt Ref & Mining—Com stock
$37,500,000..
50
17,523 ,650 See text.
Checks mailed
Q—J
Preferred stock 7 % cumulative $37,500,000.
50
23,476 ,350 See text.
Checks mailed
Q—J
United States Steel Corporation—Com stock $550,000,000..
100 508.302 ,500 See text.
Office Empire Bldg, N Y
Q—M
DIVID’DS(%) ) 1899.
On preferred
)Dec.l %
1900.
1901-1903.
4 yearly
1904. 1905.
4^
8
1906.
1907.
5
7InclJ’ne,3H
J
0
0
0
0
1
4 Incl J’ne,2
pref In 1905 Mar 1 yx %; June, 1
1,
July,
making 7% for year
1004-05: Sept., l%%; Dec. l%%; In 1906, 7 % (Q-M).
BONDS.—Underlying bonds American Pipe & Foundry Co., $1,194,000
._
On
On
common
68 (Int.
J.
& J.),
due
1928.
REPORT.—Report for
year ending May 31 1906, with balance sheet, In
V. 82, p 1494, showed:
Total Income, $2,053,208; Int. on bonds, $90,000r
reserves, $207,000; dlv. on pref. (7%), $875,000; div. on common stock
(4%), $500,000; bal., sur., for year, $381,208.
OFFICERS.—Pres., George B. Hayes;
VIce-Pres., Geo. J. Long; Sec.
Treas., B. F. Haughton/71 Broadway.
DIRECTORS.—Geo. B. Hayes, Colgate Hoyt, A. C. Overholt, B. F.
Overholt, C. E. Burke, E. C. Fuller, A ,N. Brady, George J. Long, P. J.
Goodhart, D. Giles, W. T. C. Carpenter, B. F. Haughton, E. R. Thomas
and L. R. Lemolne.—(V. 80, p, 169; V. 81, p. 30, 36,
1178; V. 82, p. 1494.)
and
UNITED STATES COAL & OIL CO.—See section for Oct.
1906.
UNITED STATES COTTON DUCK CORP.—See Cons. Cotton Duck Co.
UNITED STATES ENVELOPE.—Incorporated In 1898 under the laws of
Maine.
Absorbed ten companies named In V. 66, p. 1003,
producing over
90% of the commercial envelopes In the United States.
Output 17,000,000
dally; capacity
20,000,000 dally.
Mortgage bonds $2,000,000.
See
V. 67. p. 179.
Debentures, V. 74, p. 385. Dec. 1898 paid
2% on nref.; March 1899 to Sept. 1901, Inch, 7% per afinum (Q-M); 1902
to March 1906, Inclusive, 5%
yearly (M. & S.); Sept. 1906, 3%; Mch. 1907,
3%.
V. 83, p. 384.
Report for year ending June 30 1906, with balance sheet, In V. 83, p. 378,
•bowed, net profits, $662,827; Int. on bonds, $130,721;
pref. dlv. (5 M%),
$206,250; sink, fund, deprec., etc., $183,710; balance, surplus, $142,146.
OFFICERS.—Pres., C. H. Hutchins, Worcester, Mass.; Trca... Wm. O.
Day, Springfield, Mass.; Sec., W. M. Wharfield, Springfield, Ma. s
Direc¬
tors Sept. 1905.
V. 77, p. 774.—(V. 83, p. 378, 384.)
UNITED STATES EXPRESS.—An ’’association”
organized under the
laws of New York State In 1854; not
Incorporated.
Operated July 1905
on about 30,000 miles of railroad In the United
States.
United States
Realty Co., subsidiary, V. 81, p. 269, 564, 977.
DIVID’S.—
J '92. ’93. ’94. '95. ’96 to '00. ’01. ’02. '03 to '06. 1907.
Since 1892, %_.\ 2
2
0
4
3 yearly.
3 H
4 yearly.
4
May, 2
—(V. 79, p. 1026; V. 81, p. 269. 564, 977; V. 83, p. 163, 277.)
UNITED STATES LEATHER.—See Central Leather Co.
UNITED STATES MORTGAGE & TRUST CO.—Chartered in
1871.
Formerly United States Mortgage Co.; present name assumed Feb 23 1895.
STOCK.—Capital stock Is $2,000,000; par, $100. Surplus, $4,000,000;
undivided profits July 1 1906, $728,305.
DIVIDENDS.—In 1894 6%; 1895. 6%; 1896, 6%; 1897,
6%; 1898,
714%: 1899, 10%; 1900, 10%; 1901, 12%; 1902, 15 %; 1903, 16 %•
1004, 20%; 1905, June, 10%; Dec., 12%; 1906, June. 10%; Dec.,
14%.
BONDS.—The series of mortgage trust bonds, $1,000,000
each, are
secured by deposit with trustee of first
mortgages on Improved city real
estate "In amounts at least equal to the bonds
outstanding.”
See appli¬
cation to list $5,000,000 bonds in V. 67, p. 487.
OFFICERS.—Pres., George M.Cummlng; Vice-Pres., Luther Kountze,
J. W. Flatten and Samuel S.
Campbell; Treas., Carl G. Rasmus; Sec.,
Calvert Brewer. — (V. 75, p. 81, 347.)
UNITED STATES REALTY & IMPROVEMENT
CO.—ORGANIZA¬
TION.— Ineorporated In N. J. on May 26 1904 and In
May 1906 had acquired
per plan In V. 78, p. 2019, $32,736,000 of the $33,198,000 com. stock and
$26,596,200 of the $27,011,100 pref. stock of the U. S.
Realty & Construc¬
tion Co.
See list of assets, etc., in V. 80, p. 2340; also statement to
N. Y.
Stock Exch. V. 75, p. 1200.
See V. 77, p. 297, 953, 2103, 2396; V. 78, p
51; V. 82, p. 1274.
The old stock (par, $100) received:
The pref. $42 50
In new stock and $50 In debentures and the com.
stock $15 In new stock.
In Dec. 1905 a majority of the $2,000,000
Century Realty stock was ac
qulred* also has large Interest In Alliance Realty Co.
V. 81, p. 1798;
V. 82, p. 1209; V. 83, p. 822.)
SECURITIES.—Of the stock $13,506,000 Is reserved for conversion of
the bonds.
No general mortgage can be made without first
securing the
principal and Interest of the debentures by mortgage.
If less than all of
the outstanding debentures is redeemed at
any time, the numbers drawn
shall be determined by lot.
DIVIDENDS.—First dividend, \ \4% (quar.), payable May 1 1907.
REPORT.—Report for year ending April 30 1906, with balance sheet
was In V. 82, p. 1209,
showing: Total profits, $2,318,922; operating expenses
and taxes, $363,487; Interest, depreciation,
&c., $509,500; net
$1,445,935; Interest on debs., &c., $680,789; bal., sur.. $765,146. earnings,
DIRECTORS.—James Stillman. H. S. Black. C. M. Schwab, P. A. Valen¬
tine, Henry Budge, John W. Gates, James H. Post. Frank H.
Ray, Edwin
Hawley, Stephen S. Palmer. R. G. Babbage, Cortlandt Betts and Wm. F.
Havemeyer, Chas. T. Barney, W. H. Chesebrough, John D. Crlmmins,
Oaklelgh Thorne and B. M. Fellows.
OFFICERS.—President, H. S. Black; Vice-Presidents R. G. Babbage
W. H. Chesebrough; Secretary, R. G.
Babbage and C. G. Dailey; Treasurer
B. M. Fellows; Ass’t Treas., II. O. Wlnsor Jr.
Office, 111 B’wav, N. Y.—
(V. 82, p. 1326, 1383; V 83, p. S22, 1541; V. 84, p. 698.)
UNITED STATES REDUCTION & REFl NI NG CO.—See Sec.
July’06.
over
V. 66, p. 1003;
..
.
UNITED STATES RUBBER.—ORGANIZATION AND
PROPERTY.—
Organized under laws of New Jersey in April 1892 for the manufacture of
rubber boots and shoes, etc.
Application to N. Y. Stock Exch. In 1892,
V. 55. p. 1039; sec V. 56, p. 539; V. 71,
p. 545.
In 1893 acquired live
additional concerns.
In Sept. 1898 purchased the stock of the Boston
Rubber Shoe Co.; see V. 67, p. 905; V. 67, p. 691,
738, 802 905. Misha¬
waka Woolen Mfg
Co., It Is understood. Is controlled by
Interests
In March 1906 control of the Atlantic Rubber Shoe Co. wasfriendly
acquired. V. 82,
p. 575, 1501.
English subsidiary, Wm. Symington & Co., Ltd.. V.
83,
p. 629.
In Feb. 1907 plans for the merger of the Rubber Goods Mfg.
Co.
were under consideration, all but about
$200,000 common stock and a small
amount of the pref. having been acquired.
V. 84, p. 343. See STOCK below.
STOCK.—First pref. stock has preference as to assets and
dividends; 2d
pref. only as to dividends; bonded debt can be created only with consent of
three-fourths in Interest of each kind of stock present at
a meeting called for
the purpose.
V. 82, p. 52
See editorial May 1893 “Supplement.”
The stockholders voted on May 25 1905 to Increase
the 1st pref. stock
from $25,000,000 to $40,000,000, and to create an
Issue of $10,000,000 of 2d
nref. stock In connection with the purchase,
through a syndicate, of Rubber
Goods Mfg. Co. stock, per plan V. SO,
p. 1977.
In Dec. 1906 over 90% of
the Rubber Goods Co. stock had been
acquired, $7,937,500 U. S. Rubber
1st pref. and $9,848,600 2d pref.
having been Issued on account of such ac¬
.
lxxxit.
Apr 15
’07 2 %
Apr 15*07 1 H %
June
1 *07 1 %
June 1 '07 1 M %
Mar
1 ,’07 3%
1 *1918
Feb
1908-12
May 15 ’07 2%
Aug
Dec 31’06
1917-1918
1918-1922
14%
May 1 ’07 \V2
July 1 1924
July .1903 1%
Apr 1 ’07 1 X %
July 1 1931
Apr 30 ’00 1%
Apr 30 ’07 2%
Apr 30|’07 1H%
Mch 15 1908
Aug 1 1908
July 1 1915
Apr 15 ’07 1 %
Apr 15 '07 1H
Mar 30
’07
quisition.
See V. 82
p. 1100.
In Jan. 1906 $5 000,000 1«st. nref was
sold to a syndicate.
V. 82, p. 285, 513; V. 83, p. 443.
DIV’S, p. ct. 96. ’97. ’98. '99. ’00. ’01. '02-03. '04. 05. ’06.
1907.
Common..
0
2
0
2
2
None. None. 0
0
0
1st pref
8
8
6
8
8
1
None.
Bel.
Inel
8
4H
Ap, 4
2d pref
Issued In 1905
Bel. 6 InclAp,3
Dlv. on 1st pref. in 1905, Mch., 1^ %: May, 2 % and
1H% extra, making
8% for fiscal year 1904-05; Aug.,2%; Oct., 2%; lnl906,8%.
On second
preferred,.1 H%, paid Oct. 31 1905; In 1906, 6% (Q-J).
NOTES AND BONDS.—The funding notes of 1902 are secured
by de-
fjoslt
of the
subsidiary
cos.
aggregating
andUnder
were
ssued of
to notes
discharge
the floating
incl.
that of the $12,000,000,
debt,
subsidiary cos.
the trust Instrument the net quick assets of all the
cos., excluding real and
fixed properties, shall never be less than
$15,000,000; in addition the value of
the 16 plants all unencumbered, was estimated at
$12,500,000.
Of the
notes, $4,000,000 have been retired, reducing amount to $8,000,000, and
the balance extended to March 1 1908.
V. 74, p. 684, 733; V. 79, p. 1615.
The General Rubber Co., with $3,000,000 stock, the crude rubber
sub¬
sidiary, in July 1905 sold $9,000,000 4lA % bonds, guaranteed by U. S.
Rubber and Rubber Goods Mfg.
companies, of which $6,000,000 has been
issued.
V. 81, p. 36, 1103; V. 82, p. 1100; V. 83,
p. 690.
EARNINGS.—For 12 months end. Mar. 31 1907, net earnings (Mar.
estimated), including dividends on Rubber Goods Mfg. preferred stock
owned ($684,308) were $4,405,874;
In 1905-06, $3,881,270.
REPORT.— Report for year ending Mch. 31 1906 In V. 82, p. 1100.
All Cos.
Operating
All
Other
Add’ns
Bad
Balance.
Fiscal Yr.—
profits.
income.
interest.
to sur. debts,die.
surplus.
1905-06
$4,905,505 $379 568*$ 1,334,576
$69,227 $3,881,270
1904-05
5,020.725
161,392
1 473,462 88,852
35,584
3,761,923
*
Includes Interest on loans, $900,790; Int. on B. R. Shoe
debentures,
$240,000; diterest allowed customers, $193,786.
From t e surplus as above in 1906 there was
paid 8% dividends on first
preferred, nd at the rate of 6% on the 2nd preferred issued during
the year,
$2,846,092, leaving a balance for the year of $1,035,178.
DIRECTORS.—Samuel P. Colt, H. E. Converse, James B. Ford, J.
Howard Ford. J. D. Vermeule, Henry L. Hotchkiss, Lester
Leland, Fred’k
Shepard, Frank S. Hastings, Walter S. Ballou, Francis Lynde Stetson,
Francis L. Hlne, A. N. Brady, E. C. Benedict, Wm. H.
Truesdale, Chas. H.
Dale, Arthur L. Kelley, Homer E. Sawyer and John J. Watson Jr.
Pres.,
Samuel P. Colt; 1st V.-P., James B. Ford; 2d V.-P., Lester
Leland; Sec.,
Samuel Norris; Asst. Sec., John D.
Carberry: Treas., John J. Watson Jr.;
New York office, 42 Broadway. — (V. 84,
p 54, 225, 343.)
UNITED STATES SMELTING REFINING & MINING CO
—ORGANI¬
ZATION.—Incorporated Jan. 10 1906 In Maine and acquired over 99% of
the $13,989,300 U. S. Mining Co. stock
per plan V. 82, p. 105.
A syndicate
consisting of Lee Hlgginson & Co. of Boston and others underwrote $7,500,000 common stock, issued for cash.
The U. S. Mining Co. owned the
group of mines In Bingham, the Centennial-Eureka mine at Tlntlc, a
large
lime quarry, the Mammoth mine In Kennett,
Cal., a copper and lead smelter
In Utah, a copper smelter at Kennett, and a
Interest In the
controlling
DeLamar refinery at Chrome, N. J.
The new co. acquired over 90% of
stock of Real Del Monte Mining Co., owning mine at
Pachuca, near City of
Mexico.
V. 82. p. 396.
Also owns control of American Exploration Co.
and substantial Interest In RIchmond-Eureka
Mining, Eureka. Nevada.
STOCK.—Stockholders subscribed in October 1906, at par, payable In
four equal installments, Oct. 26, Nov. 26, 1906,
Jan. 21 and Feb. 21 1 907,
for $2,503,400 each of common and preferred
stock, raising amounts out¬
standing to $17,523,650 common and $23,476,350 pref. stock. V.83,p. 912.
DIVIDENDS.—Dividends on preferred, 87 Y2 cents per share, Hi %
(quar.). paid April 1906 to April 1907, Incl.
First dlv. on common, 1 % %
<quar.), paid April 15 1907.
V. 84, p. 107.
EARNINGS.—For year ending Dec. 31 1906 net earnings,
Including
sub. cos., were estimated at about $3,500,000.
V. 84, p. 107., Report of
U. S. Mining Co. for year ending June 30 1905
(V. 82, p. 105).'
V. 82, p.
222; V. 83, p. 912.
OFFICERS.—Chairman of Board and Pres., Wm. G. Sharp;
V.-P.,
Wm. H. Coolidge; Sec. and Treas., F.
Winthrop Batchelder; Managing
Director, A. F. Holden: Cleveland, O.
Main office, Salt Lake City.
Presi¬
dent’s office, 50 Congress St., Boston.
Directors, V. 82, p. 105.—(V.83
p. 1360;
V. 84, p. 107.)
UNITED STATES STEEL
CORPORATION—ORGANIZATION.—In¬
corporated In New Jersey on Feb. 25 1901, and acquired, mostly
per plan
In V. 72, p. 441, 679 (see also V. 73,
p. 349), practically all the stock of—
Total stock. I
Total stock.
Federal Steel, com
$46,484,300 Amer. Tin Plate, com
$28,000 000
do
6 % pref.
do
53,260,900
7 % pref
18,325,000
National Tube, com
40,000,000 Amer. Steel Hoop, com. 19,000,000
do
7 % pref.
do
40,000,000
7 % pref.. 14,000,000
National Steel, com
32,000.000 Amer. Sheet St., com
24.500,000
do
7 % pref.
do
27,000,000
7 % pref.. 24,500,000
Amer. Bridge, com
30,527,800 L. Superior Con. I. Mines 29,425,940
do
7 % pref.. 30,527,800 Shelby Steel
Tube, com.
8,175,000
Amer. St. & Wire, com., 50,000,000
do
7% pref..
5,000,000
do
7 % pref.. 40,000,000 Union Steel Co
20,000,000
Carnegie
..156,800,000
M.
_
.
PROPERTIES OWNED.—The properties owned Dec. 31 1906 were;
17 open-hearth ana 16 Bessemer steel
plants, 7 steel rail
mills, 53 bar, billet, Am
mills Jn 26 plants: 15 structural shape mills in 6
plants: 14 plate mills In 4 plants; 5 plants, comprising 95 puddling fur¬
naces;
62 merchant mills, producing bar Iron, steel, &c., in 18 plants;
38
plants, comprising 440 hot mills, producing tin plate, &c.; 24 rod mills, In
13 plants; 22 wire plants, 16 (welded and seamless)
tube plants, 22 bridge
and structural plants, 24 complete foundries. 34
skelp mills, 31 miscellaneous
armor, axle. &c., works;
extensive Iron ore mines In the Lake Superior
97 blast furnaces
region:
62.517 acres of coking coal and 20.039
beehive coke ovens, &c., In Westmoreland and
by-product coke
Pa.;
ovens at Benwood,
31.908 acres of steam and gas
acres
of surface and 18,822
Fayette counties. Pa.; 357
W.*Va., and Sharon and South Sharon,
coal lands. &c., railroads, lake vessels,
docks, natural gas lands, &e.
The output of the company In 1906 (see V. 84.
p. 633) Is shown below:
Output—
Gross tons.
Fin. Prod.— (C.oncl )
Gross tons.
Iron ore
20,645,148 Finished structural work
643,622
Pig Iron, spiegel, &c
11,267,377 Plates and sheets
1,948,941
Bessemer steel
8,072,655 Wire and wire products.. 1,399,717
Open-hearth steel
5,438.494 Bl’ms, slabs, billets, &c_ 1,096,727
Coke, manufactured
13,295 075 All other finished prod¬
Coal (not used for coke)
ucts
1,912,144
3,507,384
Finished Products—
Total of all finished prod¬
Bessemer steel rails
1,982,042
ucts
10,578,433
ore
_
Size,
United States Steel Corporation (Concluded)—
Preferred stock 7% cumulative $400,000,000
Collat trust Mffedeemable at 115 sf (see text).. Us.c*&r
$304,000,000 \not redeemable s f (see text)
c*&r
“Sink fund”collat tr 2d M $250,000,000 g red (text).Us.c*&r
Bonds of Companies Controlled.
Illinois Steel debentures (no longer convertible)
Mp.c*
c*
Non-convertible debentures “A” and “B”
Union Steel Co—See second page preceding
St Clair Furnace 1st M gold gu $100,000 yearly
PPi.c*
St Clair Steel 1st M g gu $100,000 due yearly.. UPi.c*
Clalrton Steel M gold p & I gu due $500,000 yearly
UPi
Clalrton Land 1st M due $100,000 y’ly beg Aug 1915
St Clair Terminal RR first mortgage
Ce.c*
Elgin Joliet & Eastern 1st M ($10,000,000) gold
Duluth & Iron Range first mortgage
_Mp.c&r
2d mortgage, currency, red at 105, $5,000,000
Ce.c*
Union RR, first mortgage
Duquesne equipment trust
Johnson Co of Pa 1st M red $100,000 Sept 1 yearly
Us.c
Steamship 1st M gold gu p & 1 end, s f
IS.c&r
Pittsburgh Steamship mortgage, sinking fund red par
H C Frick Co M, s f red 105 $100,000 yearly July l__FPi
Pittsburgh Bess & Lake Erie RR, Bess & L E and Dul MIssa
Vlrginia-Carolina Chemical—Stock, common $38,000,000
Preferred (also as to assets) 8 % cum $20,000,000 auth
Collateral trust M gold red 105 sinking fund (see text) _Ce.c*
American
1890
1893
1,000
500 &c
1901
1901
1902
1905
1891
1887
1896
1896
2,980,000
1,800,000
3,500,000
1,200,000
1,000
906,000
8,500,000
1,000 &c
1,000
1,000
1,000
1894
1900
1900
be & N o.
1.687,0001
1,000
1,200,000
Ry— See those
1902
1,000
The remaining $30,000,000 bonds available for sale for cash
held In the treasury as an asset.
The final $50,000,000 (of the author¬
ized1 issue of $250,000,000 2d 5s of 1903) Is applicable for exchange for
preferred stock.
See V. 76, p. 334, 439 545, 1147, 1200; V. 77
p. 717, 827, 1536, 2039; V. 78. p. 1173, 1786; V. 79, p. 1283.
Amer. SS. bonds, V. 74, p. 1146; Pittsburgh SS. bonds V. 75, p. 1305.
Above.
Maturity.
Aug. 1 1911
May
1 1910
’07-'08
July 1 1942
Sep.
Aug. ’07- 09
Feb. ’08-’ll
Apr. ’08-’19
Apr. 1 2000
June ’07-’08
Dec. 1 1912
REPORT.—Report for year ending Dec. 31 1906 was given at length In
V. 84, p. 624, 631; edit., p. 597.
Repairs, etc., and charges of
subsidiary companies.
Net earnings
Deduct—
Sink. fd. of subskl. cos’ bonds
do
of U. ,S. Corn, bonds
.
Dep’n & extln. f’ds(reg.prov.)
Extra.repl’t f’ds(reg. prov’n).
Spec. fd. for lmp’ts & extern.
Set aside for construction, etc.
Interest
on
U. S. Steel bonds.
Deprec. In Invent. & adj’ts
on pref. stock
Dividend
do
common
stock..
.
43,000
475,000
250,000
1905.
1904.
$696,756,926
$585,331,736
$444,405,431
540,132,653
465,544.078
371,228,909
$156,624,273
$119,787,658
$73,176,522
1906.
$1,904,06 4
4,908,000
5,857,411
15,395,860
7,500.000
50,000,000
22,8 39,8 50
90,502
(7)25,219.677
(2; 10,166,050
$1 ,583 ,117
$1,689,999
4,691,413
5,844,981)
4 050 000
12 574 211
13.587,910/
2,232,172
26.300,000
23,056,437
99,254
(7)25,219.677
-
George W. Perkins.
Nathaniel Thayer,
(7)
Norman B. Ream,
Peter A. B. Wldener,
James H. Reed,
Edmund C. Converse,
Henry C. Frick,
John F. Dryden,
William Edenborn.
James Gavley.
Clement A. Grlscom
James Gayley; Sec. and
OFFICERS.—Pres., W. E. Corey; 1st V.-P
Treas.. Richard Trimble: Comptroller, William J. Filbert..
FINANCE COMMITTEE.—Elbert
H. Gary, Chairman; Henry H.
Rogers, Norman B. Ream, P. A. B. Wldener, Henry Phipps, Henry C.
Baker, and Geo. W .Perkins and W. E. Cory, ex-offlcio.
Office, 71 B’way, N. Y.—(V. 84, p. 624, 630. 631,755, 808, 876.936.)
UNI VERSA L G AS CO.—See People’s Gas Light & Coke Co.
UTAH COPPER CO.—V. 84, p. 812.
Frick and George F.
VANDALIA COAL CO.—V. 82. p.
VICTOR FUEL CO.—V. 84,-p. 512.
285.
J
&
A
&
F
J
J
&
&
J J P Morgan &
O Office Empire
and
byi
Stocks—Last
Dividend.
Co, NY Jan
Bldg. N Y Apr
1 1910
1 1913
mpanles
co
8
5 g
18.000.000i
5,500,000
A Colon Tr & Pitts, N Y Aug 1910-39
J Union Trust Co. Plttsb Jan 1908-25
do
do
July 1907-13
J)
A!...
11 Aug 1 1015-26
A Pitts Tr Co,
Plttsb’gh Feb 1 1932
do
do
May 1 1941
Nj Oct
1 1937
do
do
Oj
do
Jan
1 1916
do
S Fidelity Title & Tr, Pitts Sept 1 1944
S Home Tr Co, New Jersey;Mch 1 1914
S U S Trust Co,
'
“
N Y
To
May 1814
N Ill Tr & Sav Bk, Chicago:Nov 1 1920
J Union Trust Co, PlttslJan
1 1915
J Bk of Amer, NY; or Pltts!July 1 1907-16
see text.
R Rs.—For other bonds,
&
&
F
&
&
M
A
&
&
J
M
&
M
&
M
&
&
M
J
&
J
&
under
,F
jj
Q—J
A
&
June 1 ’03 1 J* %
Checks mailed
Q—M
27.984,400 See text.
do
O Central Trust
!Apr 15 ’07 2%
15
Co,
N
Y Oct
1
1912
VIRGINIA-CAROLINA CHEMICAL CO.—ORGANIZATION.—Incor¬
porated on Sept. 12 1895, and acquired many successful manufactories of
acids, chemicals and commercial fertilizers from Baltimore to Atlanta and
Savannah.
V. 68, p. 431; V. 69, p. 232, 964; adv. In “Chronicle” March (4
1899; V. 72, p. 444.
See application showing properties owned, &c.. V. 72,
p. 1186; V. 72, p. 1191, 1285; V. 73. p. 137, 240; V. 74, p. 942, 1035;
v. 75, p. 81, 140, 496.
The Southern Cotton Oil Co., $9,991,500 of whose
$10,000,000 stock Is owned, operated the cotton oil properties.
See V. 73,
p. 240, 137, 1365.
On Aug. 7 1905 the Texas property of Southern Cotton
Oil Co. was sold to Fidelity Cotton OH & Fertilizer Co., with $25,000 author¬
ized stock and $400,000 first 4Ms, due Aug. 1 1915.
See V. 81, p. 671:
report, V. 83, p. 276.
Decision Feb. 1905, V. 80, p. 1001.
STOCK.—The stockholders voted on July 17 1901 to authorize an
Increase In the common stock from $12,000,000 to $38,000,000; outstand¬
ing June 1906, $27,984,400.
V. 73, p. 36, 137; V. 75, p. 496.
The shareholders voted on May 18 1904 to authorize $8,000,000 addi¬
tional preferred stock, raising the amount to $20,000,000;’of the new stock,
$6,000,000 to be used to pay the floating debt and for additional working
capital was subscribed pro rata by stockholders of both classes at par. The
remaining $2,000,000 cannot be Issued In excess of $400,000 In any fiscal
year except on vote of a majority of the stock.
V. 78, p. 1451; V. 77,|p.
355, 405; V. 78, p. 1503, 1970.
DIVIDENDS—P.c.) 1896. ’97 to Mar. '02, lncl.
June *02 to June *03.
Common
^Dec.,1
4%.
5 % (none since).
Preferred, 8%
J
In full to Apr. 1907, Inclusive (paid Q.-J. 15).
COLLATERAL TRUST BONDS.—The bonds were secured by the $9.881.300 So. Cotton OH stock owned and $2,209,200 of the $2,219,200 stock
of the Charleston Mining & Mfg. Co.
The proceeds were used to restore over
$3,300,000 cash taken from working capital on acct. of recent acquisition*
and to provide about $3,500,000 still due for the properties acquired. They
are subject to call as a whole on any lnt. day at 105 or for s. f. $500,000
annually, beginning 1904, at 102M and lnt.
V. 75, p. 140, 687, 1102.
REPORT for 11 lA mos. end. May 31 '06, In V. 83, p. 90, showed gros*
profits, $3,029,027; lnt. on bonds, $294,792; lnt. and disc., $293,712; dlv.
on pref. (8%)
$1,440,000; set aside for contingent fund, $200,000; add net
earnings Southern Cotton Oil Co., $532,709; balance, surplus. $1,333,232.
Total surplus May 31 1906, $4,810,759.
DIRECTORS.—S. T. Morgan (Pres.), E. B. Addison, James N. Boy,
T. C. Williams Jr., of Richmond, Va.; John B. Dennis, N. S. Meldrum,
Samuel Spencer and Henry Walters, New York; James B. Duke, Somer¬
ville, N. J.; R. J. Reynolds, Winston, N. C.; E. T. Stotesbury, Philadel¬
phia; Geo. W. Watts, Durham, N. C.
Secretary Is S. D. Crenshaw; Treaa.,
S. W. Travers. Richmond. Va.—(V. 81, p. 672; V. 83. p. 90, 277.)
VIRGINIA IRON COAL & COKE CO.—ORGANIZATION.—Owns fur¬
naces at Roanoke, Pulaski, Radford, Graham, Max Meadows and Reed
Island, Va.; Bristol and Mlddlesborough, Ky.; Radford Pipe Works, Rad¬
ford, Va.; Crescent Horseshoe Works. Max Meadows, Va.; steel works at
Mlddlesborough. Ky., and certain foundry and much, works.
Also own*
about 132,000 acres of coal lands, and owns and controls about 209,000
acres Iron ore and timber lands.
V. 68, p. 675; V. 69, p. 388; V. 79, p.
In Nov. 1905 about 25,000 acres were taken over under 40 years
1703.
V. 81, p. 1615.
lease.
In Aug. 1906 sold the $1,004,500 (about half) of
the capital stock of the Virginia & Southwestern Ry.
V. 83, p. 635, 1035.
See application to list, V. 76. p. 272.
Stock authorized, $10,000,000, all common; outstanding. $8,641,600; par
$100.
About $5,000,000 stock was deposited In Mch. 1907 In a 5-year vot¬
ing trust.
See V. 84, p. 512.
Readjusted per plan V. 75, p 348, 398. 736.
The scrip received for Sept. 1903 coupons was paid on May 1 1903 .
Of the
1st 5s, $3,741,000 have been canceled, the $520,000 unissued being held to
retire prior lien bonds, viz., $520,000 Carter Coal & Iron sink, fund gold 5s.
due Oct. 1 1938, subject to call at 105 (N. Y. Trust Co., trustee).
Report
for year ending June 30 1906 was In V. 83, p. 1035, showing: Gross earnings,
$5,088,293; net, $558,758; other Income, $22,071: charges, taxes, &c.,
$420,392: bal., sur., $160,444.
Office.
Pres., Henry K. Mcllarg, N Y.
Bristol. Term.—(V. 81, p. 1435, 1615; V. 83, p. 635. 1035; V. 84, p. 512.)
VULCAN
DETINNING CO.—See Issue of Oct.
1906.
WALTHAM WATCH CO.—ORGANIZATION.— Incorporated In Massa¬
chusetts In May 1906 as successor per plan of recapitalization In V. 82, p.
1042, of American Waltham Watch Co.
Holders of stock of old co.
($4,000,000) received per $100 share $100 In preferred and $175 common
stock of new company. Manufactures “Waltham” watches; factory sit¬
uated at Waltham, Mass.
Output of watch movements, 844,245 In 1905
(289 working days), has been increased to 3,500 dally (about 1,000,000) In
V. 76, p. 161; V. 82, p. 1042; V. 84, p. 630.
1907.
STOCK.—Common stock, $7,000,000, all outstanding.
Of tne $5,000,000 preferred, $500,000 of the remaining $1,000,000 was olTered to stock¬
holders pro rata at par. payable Apr. 25 1907.
V. 84, p. 698.
Preferred
stock cannot be Increased nor mortgage authorized without the consent of
three-fourths of each class of stock.
(Old co.)
518 293
183 372
219, 677
Daniel G. Reid,
Charles Steele,
J. D. Rockefeller, Jr., William H. Moore,
Thomas Morrison.
William E. Corey,
Elbert H.Gary (Chrmn), George F. Baker,
Payable,
Whom.
DIVIDENDS—
Balance, undivided earn’gs
$12,742,859
$17,065,815
$5,047,852
DIRECTORS.—The directors are as follows:
To Feb. 1907.
To Feb. 1908.
TnFeb. 1909.
J. P. Morgan,
Marvin Hughltt,
Robert Wlnsor,
Henry Phipps,
Henry H. Rogers,
810,000)
4,429.000
100
100
5
5
5
4.4
5
5
5
6
5
5
6
5 g
5
5 g
6,732,000
1,000,0001
2,000,000'
1,150,000
1,000
are
Gross sales and earnings......
5
5
1,000
No foreclosure proceedings can be brought for default
(In payment of prln. or lnt. continuing) for less than two years.
In Jan.
1907 $3,797,500 not Included In table above was held alive In’slnklng fund.
In 1903 $150,000,000 pref. stock was exchanged, $ for $, for second mort.
bonds, $20,000,000 of the bonds being also sold at par to provide for Im¬
400,000
444,000
Where
Payable.
%
2,872,000
6,900,000
1,000
1,000
1,000
1,000
ment of the bonds.
Continental Coke purch. money Ms.—
Due $100,000 yearly
5 F. & A.
Due
$37,000 yearly
4 ^ Apr. 27
Carnegie Co. collateral trust mort
5 A. & O.
Ohio Steel first mort., part yearly
6 J. & D.
Rosena Furnace first mortgage
5 J. & D.
When
Rate
Amount
Outstanding
1
$5,000,000 and $7,000,000.
V. 84, p. 808.
New construction and Improvements proposed 111 1907, V. 83, p. 1596.
In Oct. 1906 a lease of the ore lands of the Great Northern Ry., Northern
Pacific Ry. and others on a royalty basis was arranged, to continue until the
ore Is exhausted, unless lease Is
terminated Jan. 1 1915 under the option
reserved to the Steel Corp.
Minimum tonnage to be mined, 750,000 In
1907, Increasing 750,000 yearly until 8,250,000 Is reached; cost to be $1 65
per ton standard ore, with 3.4 cents per ton Increase annually.
V. 83, p.
822,912, 1290; V. 84, p. 755.936.
STOCK.—As to retirement of $150,000,000 of $510,281,100 preferred
Large stockholders May 1905, V. 75, p. 81.
stock, see bonds below.
DIVIDENDS.—On pref., 1 % % quar. paid Aug. 1901 to Feb. 1907 lncl.
On com., 1% quar. Sept. 1901 to Sept. 1903; Dec., H%: 1904 and 1905,
none; Oct. 1 1906, 1%. being V2% for quarter ending March 31 and A%
for quarter end. June 30 1906; Dec. 31 1906, }-j%: Mch. 30 1907, H%.
BONDS.—The collateral trust 5 % bonds of 1901 were secured by all the
securities owned: $154,000,000 only (series A, C and E) are subject to call
In whole or part at 115% after April 1 1911; a sinking fund of $3,040,000
yearly, beginning June 1 1902, can purchase bonds, If obtainable at not ex¬
ceeding 115 and Interest and after April 1 1911 may be applied to the re¬
demption of series A, C and E bonds to be drawn by lot.
In Jan. 1907,
$15,159,000, not Included In amount shown In table above, had been so pur¬
chased and were held alive In sink. fund.
Carnegie holdings, V. 77, p. 2039.
The coll, trust sinking fund 2d mort. 5s of 1903 (V7. 74. p. 584, 733,
892; V. 76, p. 545) are next In rank and similar In form to the 5s of 1901.
They are subject to call after ten years from date at 110 and lnt. In whole
or part (If the latter to be designated by lot and coupon bonds to be re¬
deemed first).
An annual sink. fd. of $1,010,000 will provide for retire¬
Controlled Not Mentioned in Table
Interest.
Outstanding.
Allegheny Furnace mortgage
5 F. & A.
$78,000
Am Sheet Steel—Dewees Wood 1st M.5 F. M. & N. 2,000,000
Nor. Lake SS., due $10,000 yearly
5 M. & S.
20,000
Host. Conn. Coke first mortgage
5 F. & A.
458,500
Host. Coke M. due $12,500 Aug. yrly. 5 F. & A.
37,500
j
i
Feb 30 07 IH
do
do
Q—F
$100 $360281100 7 in 1906
1 1951
Various J P Morgan & Co, N YApr
l.OOO&cl
i
5 g
do
do
do
Apr 1 1951
l.OOO&cJ 288,798.000 t
5 g
5 g
M
&
N
do
do
Apr 1 1903
500 &c ! 166.202,000
1901
1901
1903
On Jan. 1 1903 took over the entire capital stock of the new Union Steel
Co., $45,000,000 of new 5 % bonds being guaranteed, principal and Interest.
See that company on a preceding page.
V. 75, p. 1359; V. 76, p. 107, 546;
V. 78, p. 1174.
In May 1904 the Clalrton Steel Co. was acquired, the Steel
Corporation guaranteeing $10,230,000 bonds already Issued and assuming
$1,666,715 mtges. on real estate, coal lands and mining properties.
The
Crucible Steel Co. agrees to take 120,000 tons of steel yearly for 10 years
and about 80,000 tons of pig on a sliding scale.
V. 78, p. 1552, 2019; V.
79, p. 1283.
In April 1905 Hecla Coke Co. was acquired. V. 80, p. 1738
In April 1906 the Indiana Steel Co. began to build a new plant at Gary, In
Lake County Ind., with an annual capacity of 1,750,000 tons of finished
steel, to cost $75,000,000 or more.
In Jan. 1907 $4,632,202 had been spent
on land and improvements and $26,867,798 more set aside: consideration of
a bond plan. If any, was deferred for some time, at least.
V. 82, p. 575,
637, 702, 991, 1216; V. 83, p. 1123; V. 84, p. 635.
In April 1907 a new steel plant at Duluth was authorized to cost between
Bonds of Companies
i
or
Par
Value.
explanation of column headings, &c., see notes on
first page of tables.
provements.
Bonds—Princi—j pal. When Dv#.
INTEREST OR DIVIDENDS.
MISCELLANEO US.
For
177
INDUSTRIAL STOCKS AND BONDS.
Apr., 1007. J
1
’79-’95.
’96. ’97. ’98. ’99.
j 8 %y’rly
6
6
25 2-3
6
First dividends on stocks of new co., 3% on
l'A% Jan. 1907.
V. 83, p. 1175.
Balance sheet March 31 1906, V. 82, p.
’00-’02. ’03. '04. ’05. 1906.
10 y’rly 12 10
10 J‘e.4%
pref., Dec. 1906; on common,
1321.
Pres., Ezra G. Fitch;
Treas., Roval Robbins.
Offiee. 373 Washington St., Boston.—-(V. 82, p.
1321; V. 83, p. 1175; V. 84, p. 698.)
WELLS, FARGO & CO. (EXPRESS).— Incorporated under the laws of
Colorado Feb. 5 1866.
On July 1 1906 operated on 45,076 miles of railroad,
1,355 miles of stage and 8,254 miles of steamer routes; total. 54,685 miles.
Dividends of 8% yearly were paid for many years, but the semi-annual divi¬
dend paid In July
In Jan. 1902, 2%
1894 was reduced to 3%:
1895 to Jan. 1900, 6% yearly;
extra, and In July 1902 to Jan. 1906
1"5> efxtra semi¬
annually; July 1906, 5%; 1907, Jan., 5%.
Official circulars. V. 83, p. 90,
163, 268, 434, with list of assets and balance sheet May 26 1900.
In Dec.
1906 minority stockholders were offered $300 a share for their holdings.
V. 83. p. 1417.
Gross receipts express business year ending July 31 1906, $18,683,035,
against $16,870,194 in 1904-05;
net, $2,544,962, against $2,416,307.
Accumulated surplus May 31 1906 was $12,423,537.
Chairman, E. H,
Harrlman.
Directors, Aug. 1906, V. 83, p. 329.— (V. 82, p. 809, 1504.
V. 83, p. 42. 90, 163, 268, 329, 434, 1417.)
WELSBACH CO.—ORGANIZATION.—Incorporated In
New Jersey
April 28 1900 as a consolidation, per plan V. 70, p. 898. United Gas Im¬
provement, It Is understood, owns control.
Stock, $3,500,000; par. $100.
DIVIDENDS.—2% paid June 1901; In 1902, June, 2%; In 1903 to 1906
lncl., 2% yearly (paid In Sept.).
REPORT.—For year ending May 31 1906 profits were $569,907; lnt.
178
Date
For explanation of
of
column headings, &c.. see notes on first pag
Bonds
page of tables.
Virginia Iron Coal & Coke—Underlying bonds (see text)
:
Va Iron Coal & Coke 1st M gold $10,000,000.
Ma.c* 1899
Vulcan Detinning—Pref stock 7% cum
i
Waltham Watch—Common stock, $7,000,000 authorized
!'
Preferred (as to assets) 6% cum $5,000,000
.!
Weils, Fargo & Co—Stock
I
Welsbach Co—Collateral trust M gold $7,000,000 s f.
PIP> 1900
Western Telephone & Telegraph—Common stock $16,000,000
Preferred stock $16,000,000 6 % cumulative after 2 years..!
Collateral trust gold bonds $10,000,000
OB.c*1
Western Transit Co—Bonds gu by N Y C ext In 1903
j
Western Union Telegraph—Stock, $125,000,000 auth
i
Collateral trust bonds
Me.c*
Funding and real estate mortgage $20,000,000 gold.-F.c&r
Gold bonds, red 105 aft 5 years, convert, text
B.c*&r
Westinghouse Air Brake—Stock $11,000,000
Westinghouse Elec&Mfg—Assent stk $46,000,000 (V71pl274)!
First pref ($4,000,000) stock 7 % & part cum (text)
j
Debenture certificates gold red, 105 (sec text)
Me!
Bonds (deb) $25,000,000 conv s f red (see text).
.-iSJ
Walker Co ftr°t mortgage (see text)
'
Westinghouse Machine—Stock authorized $10,000,000
'
Mortgage due $35,000 yearly
[
Debentures $1,500,000 gold redeemable by lot at 105
|
Sinking fund bonds $10,000,000 authorized
j
Westinghouse Foundry 1st M gu due $50,000 yearly beg ’07
1903-564.
Wilkes-Barre Gas & Elec—1st con M red 110 (see text) _c* &r_|
Yankee Fuel—1st M $2,500,000 g s f red text
Lsm c*&ri
1902
1884
Par
Value.
$1,000
100,
100!
100!
ioo;
100 &c !
ioo
ioo
500 &c i
1,000
100
1888
1900
1907
1,000
1,000 dec
1906
50
50
50
w
expiring In 1978 (par $50).
The Montreal Telegraph Co. (stock $2,000,000;
ANNUAL
REPORT.—Report for 1905-06
1905-06.
Year ending June 30.
Revenues for the year
Oper. exp., rent, taxes,
Remalnde
Dividends paid (5%)__
Interest on bonds
Surplus...
Year.
1866-67
1892-93
was
1904-05.
In V. 83.
p.
1903-04.
889.
1902-03.
$
$
$
$
30,675,655 29,033,635 29,249,390 29,167,686
&C-.23,605,072 21,845,570 21,361,915 20,953,215
7,070.583
4,868,088
1,327,975
7,188,065
4,868.084
1,227,200
7,887,475
4,868,071
1,157,700
8,214.471
4,868.050
1,077,700
874.519
1,092,781
1,861,704
2,268,721
Miles of Miles of
No. of
Poles &c.
Wire.
Offices. Messages.
Profits.
Receipts.
46.270
85,291
2,565
5,879,282 $6,568,925 $2,624,019
189,936
769,201 21,078 66,591,858 24,978,443
7,496,037
..199,350 1,155,405 23.458 67,903,973 29,249,390
7,887,475
200,224 1,184,557 23,814 67,477,320 29,033,635
7,188.065
202 959 1 256,147 24.323 71,487,082 30,675,654
7,070,583
.
Apr 15*07 1 X %
Jan
1
May
1 1950
.T
J
U
’06
Q—
J
J
6
5 g
&
&
&
5
;j
5
5 g
5 g
;J
1A
:m
&
&
&
&
&
&
1938
Nov
1
1936
Apr 10 *07 5 %
Apr 10*07 2)4%
Apr 10’07 2H %
Y July 1 1913
do
do
Merc Trust
Co.
X
Jan
1 1931
Standard Tr Co. X Y
2 1916
Central Trust Co. X Y Jan
East Pittsburgh, Pa
Apr 10’07 2H%
Fid Tit & Tr Co, Plttsb June 1907-14
do
do
July 1 1919
Standard Trust Co. X YiJan 1 1931
Colon Tr Co, Pittsburgh!May
1908-27
Fidelity Tr Co, Phlia
jJan 1 1955
lOct
1
1926
.
stockholderslat $55
per
Stockholders on March 26 1906 authorized an Increase In capital stock from
$25,000,000 to $50,000,000.
Of the new stock $12,500,000 is set aside lor
the conversion of the debentures of 1906 If required.
V. 82, p. T55.
The first pref. stock carries cum. dlvs. of 7 % per annum, with right to
participate equally with other stock after the same shall have received 7 %,
andf preferential as to principal.
See pref. certs. In ed. May 16#3 issue.
As to the deben. certs, of 1898 see v. 67. p. 324, 691, 1112; sinking fund
$150,000 yearly from 1900, certs, to be drawn at 105.
No Uen is to be
placed on property without providing for debentures.
In Jan. 1906 $15,000,000 5% debentures4>f an authorized Issue of $25,000,000 were sold to provide for additional working capital and future re¬
quirements. They are convertible Into assenting stock at 20® a/ter Jan. 1
1910 and subject to call after Jan. 1 1912 at 105.
Annual sinking fund.
$500,000, beginning Dec. 31 1907.
V. 82, p. 222, 396, 755. 809.
In Dec. 1903 $2,000,000 6?o notes and In 1904 $4,000,000 3-yr. 5% notes,
all due Aug. 1 1907 and subject to payment before maturity (the latter
at par and 2% yearly for unexplred time) were sold.
V. 79, p. 275, 511;
V. 78, p.51.
DIVIDENDS.—
Preferred
J
j
!
j
i
*92 to *99.
7 yearly.
0
*00.
’01.. '92,
*®S.
10 H
9 K
*®4 f April *07.
It yearly (Q-J)
it yearly (Q-J)
EARNINGS.—For 5 months ending Aug. 31 1906, net earnings. $2,002,258; Int., adjustments, deprec’n, &c., $576,265; dlv. on pref., $166,613;
dlv. on assenting stock, $874,881; bal., sur., $384,499.
ANNUAL REPORT.—Fiscal year ends Mch. 31.
For year ending Mch.
31 1906 (V. 83, p. 1225), net earnings, $3,379,731; Int., adjustments, de¬
preciation, &c., $1,305,951; dlv. on pref. stock (10%), $399,870; dlv. on
assenting stock (10%). $2,099,793; bal., def., $425,883.
Report for 6
years end., Mch. 31, 1906, with balance sheet, was In V.83, p. 209, 320.
DIRECTORS.—Brayton Ives "(Chairman), Ph. Ferd. Kobbe, A. N.
Brady. N. W. Bumstead. Frank H. Taylor, H. H. Westinghouse, G. W.
Hebard, J. W. Slemon, E. M. Herr, Geo. C. Smith and George Westlnehouse.
Pres., George Westinghouse; Vlce-Pres., E. M. Herr. Frank H.
Taylor, L A. Osborne. Newcomb Carlton, W. D. Uptegraff; Treas., T. W.
Slemon; Sec., Chas. A. Terrv.
N. Y. office. Ill B’way.—(V. 83, p.
320,704; V. 83, p. 1226, 1234, 1361: V. 84. p. 225.)
Assenting
Bonds
mature.
par $40; bonds none) Is leased until 1978 to the Great N. W. Telegraph Co.
of Canada: the Western Union Telegraph Co. has never been called upon
under Its guaranty of 8% on the Montreal company’s stock.
LATEST EARNINGS.—Revenue for 9 mos. ending Mar. 31 1906:
9 mos.
Net revenue.
Interest.
Dividends.
Balance.
1906 (estimated)
$3,260,519 $1,050,062
$3,651,069
$176,179
1005 (actual'
993.900
5,329,948
3,651,066
684.982
Total surplus (estimated) Mch. 31 1907. $17,024,904.
Feb 1 *07 2 H %
Jan
1 1932
Feb
1 1923
&c.—In Feb. 1901, $3,000,000 of new stack was sold
$50 share.
V. 72, p. 631; also In 10®3 $4,500,000
and In July 1904 $2,473,200 at $80 per $50 share. Increasing the autstandlng
amount to $21,000,000.
V. 76. p. 1089; V. 77, p. 827; V. 79. a. 275, 632.
No bonds.
No bonds.
No bonds.
No bonds.
Dividends at rate of 6% per annum (payable Q-—J.) are guaranteed on
the $1,000,000 stock (no bonds) of Dominion Telegraph Co. under lease
Jan 1 *07, 1 y2%
Dec 1 1906 3 %
Jan
16 *07 5%
June 1 1930
CAPITAL STOCK,
Telegraph Co.. $111,000; and bonds. Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate 4^s cover real estate In New York and
Chicago.
In the event of a mortgage being made, they will be given a prior
Uen thereunder.
V. 70, p. 384, 1203; V. 71, p. 750; V. 74. p. 785; V. 78,
V. 80. p. 226.
p. 1451;
The 4% gold bonds dated 1906 ($25,000,000 authorized Issue), subject
to call at 105 on May 1 1912 or any subsequent Interest day.
They are
Issuable In series, may be made convertible, on terms to be fixed, Into
stock at not less than par, and be secured by deposit of stocks appraised
at not less than 85% of the par value of bonds Issued.
The $10,000,000
Series A bonds subscribed for by stockholders at 87 V* In Dec. 1906 are se¬
cured by deposit of $9,733,100 New York Telephone stock and convertible
Into stock at par between Jan. 2 1909 and Jan. 2 1919, and within that period
«p to 30 days prior to redemption of bonds. If called. V. 83, p. 629, 1361.
Capitalization of Leading Properties Operated Under Lease.
M&S
100,000
300,000
Q—M
Franklin Tel. stock
M&N
1975
367,100
Gold & Stock Tel. stock.. Jan. 1891
2,444,400
Q—J
Bonds $500, not M.,_
M&N May 1 1910
500,000
Illinois & Miss. Tel
J&J
None.
1,830,150
Perpetual.
Intern. Ocean Tel. stock. Jan. 1981
No bonds,
1,015,400
Q—J
N.Y.Mut.Tel. stock($25). Feb. 1982
el 14,300
Mutual Un. Tel. 1st M.
M&N
f1,957,000
May 1911
Northw. Tel. stk. ($50) .May 7 1980
J&J
2,500,000
1st mtge., p. & 1. guar.
J&J
janr'l934
1.500.000
Pac. & Atl. stock ($25)
No bonds.
J&J
99 years
541,850
Sou. & Atl. stock ($25)
A&O
No bonds.
999 years
558,575
On June 30 1906 the company owned (not Included In above amounts)
Franklin Tel.. $632,900; Gold & Stock Tel., $2,555,600; Int. Ocean Tel.,
$1,984,600; Ill. & Miss. Tel., $100,350; Pacific & Atl. Tel., $1,458,150;
Southern & Atl.. $390,475.
Also owns tnrough collateral trust, viz.: e$2,387.700; f $3,043,000.
’06
g
g
g
1949
•
to
SrTOCK.—In 1892 Increased stock from $86,200,000 to $100,000,000, of
which $8,620,148 was then paid as scrip dividend to represent surplus earn¬
ings expended on the property and $2,630,000 still unissued.
In Nov. 1906
stock was increased to $125,000,000 to provide for conversion of new bonds.
*92.
*93 to Apr. *07, lncl.
DIVIDENDS.—1*87. *88. *89. *90. *91.
Since *86. p.c.) 2
5
5
5^
5
15 (10 SC.)
5 % (1 X Q..-J.)
BONDS.—On June 30 1906 the following stocks (par value) were pledged
for the collateral trust bonds: Gold & Stock Telegraph, $1,111,800; Inter¬
national Ocean Tel., $1,961,500; N.
Y. Mutual Tel., $2,387,700; Maine
Q—M
10 In
5
2,433,000
5
15,000,000
6
850,000
7,279.300 10 In
1
Apr 20*07,ltf%
electric lighting and power purposes.
Statement to N. Y. Stock Exch. was
In V. 54, p. 763.
Owns exclusive rights to Tesla patents on alternating cur¬
V. 61, p. 25, 153.
rents.
In 1896 made agreements with Ge«. Elec. Oo.
V. 62, p. 502, 635. 1040; V. 68. p. 1024; V. 80, p. 1487; V. 83, p. 704.)
In Sept. 1898 purchased substantially entire capital stock and all but
$850,000 of the $2,500,000 20-year bonds of Walker Co.
V. 68, p. 87.
British Co., V. 69, p. 232. 802; V. 73, p. 1114; V. 75, p. 1414: V. 76. p.
1089; report, V. 83, p. 320; V. 84, p. 223.
Canadian Westiaghause Co.,
see V. 77, p. 302, 1307, and official statement, V. 79. p. 624; Y. €2, p. 1041
V. 83, p. 321.
Soclete Westinghouse Electrlque de Russle, V. $1, p. 704.
graph Co., see V. 77, p. 953, 2160; V. 78, p. 588, 1227; V. 82, p. 336.
$14,000,000
Mch
WESTINOHOUSE ELECTRIC & MANUFACTURING CO.—ORGANI¬
ZATION.—A Pennsylvania corporation manufacturing appliances used for
Washington St., Jersey City.—(V. 82, p. 1378; V. 83, p. 499.)
WESTERN UNION TELEGRAPH.—Organized under the laws of New
York State on. April 2 1851, and present name adopted In 1856.
As to
favorable decision In Oct. 1903, In claim against Amer. Telephone & Tele¬
1989
Stocks—Last
Dividend.
by
$520,000
M &
S Bk of Manhattan Co, N Y
5,475,000
5 g
Checks mailed
1,500,000 See text
Q—J
7,000,000 See text.
4,500,000
Office 51 Broadway. N Y
8,000,000 See text.!
Phil Prov L dc Trust Co
6,526,040
5 g
16,000,000
i
243 Wash’n St, J C. N J
16,000,000 5 In 1906!
Old Col Tr Co, Boston
0,857.000
5 g
'
Grand Cent Station, N Y
1,500,000
3H
i
Office
195 B’way, N Y
97,340,606 5 In 1906,
do
do
8.615,000
5
do
do
20,000,000 4J^g
I
do
do
10,000,000:
4 g
11,000,000 See text.
Pittsburgh, Pa
Office
111
20,996,350 10 In ’06!
B’way. X Y
.
V. 76, p. 335.
REPORT.—Report for year ending Jan. 31 1906, with balance sheet, In
V. 82, p. 1378.
In 1906, total Income, $1,821,754; net revenue, $899,670;
dividend on preferred (5%). $800,000; bal., sur., $99,670.
Office, 243
_
and
Whom.
WESTINGHOUSE AIR BRAKE.—ORGANIZATION, ETC.—A Penn¬
sylvania corporation.
V. 67, p. 843, 1065;
V. 77, p. 1307.
Stock,
formerly $5,000,000, was Increased to $11,000,000 In July 1898, $5,000,000
100
%
being distributed as a
stock dividend.
to ’98. *99. ’00. ’01 to *03.-*04. *05. 1906.
DIVIDENDS.—\
1907.
Per cent
j 20 yearly.
25
30
24
21 20 22 Vi Incl.Apr.10
Oct. 1906, IVi lncl. 214% “special.”
V. 83, n. 577.
As to litigation with New York Air Brake Co., see V. 6$. p. 2464.
Report for year ending july 31 1906 was In V. 83, p. 625, showing: Gross,
$10,546,397; net profits, $3,625,750; dividends (20%) $2,199,295; surplus,
New York office. 111 B'way, N. Y.—(V. 83, p. 577,625.)**!
$1,426,455.
ity' assumed on purchase March 15 1902.
Int. or dlv.
Period.
Payable,
Henry Walters, Frank J. Gould, J. Pierpont Morgan, Charles Lanier,
Chauncey M. Depew, Henry M. Flagler, John Jacob Astor, Oliver Ames,
C. Sidney Shepard, Jacob H. Schlff, James Stillman, Wm. L. Bull, James H.
Hyde, Morris K. Jesup, E. H. Haniman, Howard Gould. John J. Mitehel
and Henry A. Bishop.
Office, 195 Bway, X. Y. City.—(V. 84, p. 808.)
WESTERN TELEPHONE & TELEGRAPH CO.—Owns 77% of the
Cleveland Telephone Co., 82% of The Northwestern Telephone Exchange
Co. and 83 % of The Southwestern Telegraph & Telephone Co., 82 % of the
Wisconsin Telephone Co.
These companies operate In Ohio, Minnesota,
North and South Dakota, Texas, Arkansas and Wisconsin, under licenses
from Am. Telephone & Telegraph Co., which owns the balance of the stock
of the three first named.
Also owns all the $1,200,000 stock of the Tele¬
graph Cable Co. of Texas.
Am. Tel. & Tel. owns control.
ORGANIZATION.— Incorporated In N J. on Jan 22 1902 as successor
of Erie T. & T. Co., per plan m V. 73, p. 1359, and V. 74, p. 42.
DIVIDENDS.—Dlv. on pref., Aug. 1902 to Feb. 1904, 4 % yearly (F. &
A.).
Since to Feb 1907. 5% yearly (F. & A.).
BONDS.—All the Erie bonds except $134,500 were retired.
The new
bonds are secured by stock and bonds owned.
See list, V. 74, p. 893.
Postal Tel eg.-Cable Co. of Texas, $1,189,000 30-year gold 5s, due Jan. 1
1928. guar, of Interest and sinking fund (sufficient to retire bonds at matur¬
Amount.
Where
DIRECTORS.—Thomas T. Eckert (Chairman), Robt. C. Clowry (Pres.)
Geo. J. Gould, J. B. Van Every and Thomas F. Clark (Vlce-Pres.), A. R.
Brewer (Sec.), John T. Terry, J. J. Slocum, Samuel Sloan, Edwin Gould,
WESTERN TRANSIT CO.—Owns piers, &c.. In Buffalo, N. Y.. fleet of
Empire & Bay State stk.
Bonds—Princi¬
,
50I!
14 steamers (of which 8 steel) and also barges used on the Great Lakes.
V.
79. p. 738.
The N. Y. Cent, owns Its $1,000,000 stock.—(V. 79, p. 738.)
1932
2004
Payable.
1,000l,
280,000
1,000i
1,120,000
1,000 Not Issued,:
1,000|
950,000
1,000i
1,412,000
1,000
2,500,000
WESTERN GAS CO. (Ml LWAU KEE)(V. 74, p. 482; V. 76, p. 653.)
WESTERN ICE CO.—V. 83, p. 1541; V. 84, p. 343.
Lease
When
%
1895
1899
1906
1902
1905
1906
WESTCHESTER LIGHTINO.—See Consolidated Gas Co. of New York.
expires.
Rate
1,000•
1,000l
1,000i
Pres.. Sidney Mason; Sec, W. F. Douthirt; Treas.. Lewis Lillie.
Office,
N. W. cor. Broad and Arch sts., Phlia.—(V. 81, p. 921; V. 83, p. 629.)
Company, Ac.
Amount
Outstanding
1898
1906
1898
sinking fund, $431,660; charged off, $36,629; dividend, 2%, $70,000;
sur., $31,618.
In 1904-05, profits, $541,469.
LXXX1Y.
pal, When Due.
Size, or
bal..
Am. Tel. & Cable stock..
Chic. & St. Paul Tel. stk_
.
INTEREST OR DIVIDENDS.
MISCELLANEO US.
-And
[YOI
INDUSTRIAL STOCKS AND BONDS.
%
%
7
5
7
7
67
WESTINGHOUSE MACHINE CO.—ORGANIZATION, ETC.—Incor¬
porated In Penn. In 1881; manufactures steam-engines, steam turbines, gas
engines and Roney mechanical stokers, under Westinghouse patents.
Stock was formerly part pref., but Is now all of one kind.
Stockholders
voted Dec. 23 1905 to Increase the auth. stock from $5,000,000 to $10,000,000.
V. 81, p. 1855.
Stockholders voted Dec. 10 1906 to purchase the
Nernst Lamp Co for not exceeding $3,000,000 stock.
V. 83, p. 1417.
Dlvs. at 6% yearly (Q.-J.) were paid to Oct. 1902. Incl.; since to April 1907,
10% yearly (Q.-J.).
The Westinghouse Foundry Co. plant Is 17 miles
east of Pittsburgh.
V. 75, p. 398; V. 79, p. 2752.
BONDS.—Of the $1,500,000 5% gold debentures $315,000 reserved to
retire 6 %s due 1907-14.
V. 69. p. 854.
(See also V. 69. p. 802.)
V. 69.
p. 1252.
In Dec. 1905 $10,000,000 sinking fund bonds were authorized,
of which $1,400,000 will be reserved to retire the outstanding bonds and de¬
bentures.
V. 82, p. 165, 809.
Pres., George Westinghouse; Vlce-Pres.,
E. E. Keller: Treas., T. L. Brown; Sec.,T. S. Grubbs.
Office and works,
E. Pittsburgh, Pa.—(V. 82, p. 1216; V: 83. p. 1417. 1475; V. 84, p. 453.)
WILKES-BARRE GAS & ELECTRIC CO.—Stock, $1,50®,®®0; par of
shares $100.
First consol. 5s ($3,000,000 authorized issue) are subject to
call at 110 and Interest on 3 months’ notice; of the unissued bonds sufficient
Is reserved to retire the $858,000 underlying bonds (all subject to call
at par In 1908) and balance for future requirements.
See V. 89. p. 226.
Franchises are perpetual and exclusive.
Calendar year 1906, gross,
$316,614; net, $143,737; charges, $105, 362; bal., sur., $38,375.
Dividend, 1% on stock paid March 7 1907.
EARNINGS.—3 mos.,Li907
--Gross, $101,006; net, $55,090
Jan. 1 to Mch. 31.
11906
Gross.
88,084;
41,634
net.
Pres., Robt. L. Forrest: Sec.. T. F. Wickham.
Directors Dec. 1906,
V. 83, p. 1417.
Office, Wilkes-Barre, Pa.—V. 83, p. 1417; V. 84. p. 512.)
YANKEE
Mex.,
on
FUEL CO.—Owns
11,385
acres
coal lands at
Yankee. New
Santa Fe Liberal & Englewood RR.; also has coal rights In 16,734
and 99-year lease on 1.680 acres.
Stock, $5,000,003. all out.
Annual sink, fund beginning 1911, 10 cents per ton mined and one-half net
surpluslby whieh|bonds may be drawn at 110 and canceled.
V. 84. p. 225.
acres
Apr.
SUPPLEMENTARY—See also Tables 9 to 152.
OULF A INTER-STATE RY. OF TEXAS.—Port Bolivar, on Galveston
Bay, to Beaumont, Tex., 70 miles.
St. Louis and Des Moines Interests.
In Dec. 1905 control was acquired by
V. 81, p. 1665.
Improvement A Loan Co.,Galveston, was trustee under 1st mtge. securing
$829,000 of 20-year 5s due 1915; V. 78, p. 820.
Capital stock, $71,000.
Year ending June 30 1905, gross, $88,236; net. $1,116.
V. 70, p. 1249; V.
71, p. 182, 698.
On Mch. 13 1904 receiver was discharged; V. 78, p. 1167.
Pres., W. C. Fordyce, St. Louis, Mo.; V.-P., F. M. Hubbell, of Des Moines.
Ia.; Sec., L. L. Featherstone; Treas.. John W. Campbell.—(V. 74, p. 728,
1308; V. 75, p. 342; V. 77. p. 823: V. 78. p. 820, 1167; V. 81, o. 1665.)
INTEROCEANIC RY.OF MEXICO. LTD.-Vera Cruz to Mexico City, Mex.
342 miles; Los Reyes to Puente de Ixtla, 123 m.; Los Arcos to Cuautla, 102
m.; Atenclngo to Tlancualplcan, 12 m.; San Nicolas to San Lorenzo, 11 m.;
Vlrreyes to San Juan de los Llanos; 7 m.; Mexican Eastern Ry., 139 m.;
'total, 736 miles.
In Nov. 1901 the Mexican Eastern Ry., Limited, was formed, with £10,000 share capital, all owned by the Interoceanlc, and purchased the narrowauge line from San Marcos to Tezultlan, 79 m., and built from Vlrreyes to
an Nicolas, 61 m., the whole being leased for 80 years for a rental sufficient
to meet the general expenses and Interest on the debenture capital, of which
£400,000 has been Issued for purchase and extension of the road, and in addi¬
tion, after 1920, a fund toward the redemption of the debenture stock. The
company will have the right
Eastern Ry. by redemption of
after June 1 1914 to purchase the Mexican
debenture stock. V. 73, p. 1263.
ORGANIZATION.—In 1896 reorganized per plan In V. 62, p. 364.
In
Sept. 1902 Mexican Gov’t secured control. V. 75, p. 793, 907, 981.
The Nat. RR. of Mexico In 1903 acquired practical control, owning £1,038,400 of the second debentures, £907,500 ordinary and £102,000 cumula¬
tive preferred stock.
V. 76, p. 1192; V. 77, p. 769. Consolidation with the
National Company was authorized In 1903.
SECURITIES.—On Dec. 14 1900 £1,300.000 of 4 X % 2d debenture stock
was authorized.
See circular, V. 71, p. 1120, as to rights, Ac.
Of the sec¬
ond debenture stock £150,000 was sold to the shareholders and £1,000,000
to the Gov’t of Mexico at 90
% (since acquired by Nat. RR. of Mex. as
•above stated), to retire the £735,391 7 % “A” debenture stock called for pay¬
ment on Mch. 31 1903.
V. 75, p. 907, 981; V. 76, p. 382.
DIVIDENDS.—On “B” debenture stock, from earnings of 1903-04. 6%:
•1904-05, 4 H%; 1905-06, 7%.
On preferred shares from earnings of 1905-06
2%.
V. 83. p.1347.
EARNINGS.—8 mos.,
July 1 to Feb. 28.
11906-07 ..Gross.
/1905-06 ..Gross,
$4,685,004;
4,013,086;
net.
net.
$1,167,440
1.135.780
Gross.
Net.
Net In £.
$6,460,330
(Mex.) $1,885,848
£196,360
6.086,107
(Mex.)
1.330.348
138,832
Net revenue account for 1905-06 showed £130,174 ;lnt. on 4 X % second
deb. stock, £51,750; dlv. (7%) on “B” debenture stock, £32,862; dlv. (2%)
Year ended June 30—
1905-06
(Mex.)
1904-05
(Mex.)
-on
pref. shares, £20,000.
New
Sec., C. E. Scruby; Treas., H. Friederlchsen,
Y. Office, 60 Wall St.—(V. 81, p. 1665;
Broad St., London.
N.
V. 83, p. 1347.)
KENTUCKY A TENNESSEE
9
RY.—Projected from Stearns. Ky., wse-
terly and southwesterly Into Tennessee, about 60 miles, of which 9 miles
-completed and 12 under construction March 1906. Stock (?)
Bonds (see table above) cover road, 38,697 acres of timbered lands In
Tennessee, timber and coal rights on about 23,000 acres In Kentucky, coal
mines, electrlc-llght plant, etc.
They are unconditionally guaranteed,
principal and Interest, by the Stearns Salt A Lumber Co. and Justus S.
Stearns, of Ludlngton, Mich., and mature Sept. 1 1908-12, $30,000 annu¬
ally: 1913-17, $40,000; 1918-23, $50,000; but are subject to call on any
Interest day at 105.
V. 81, p. 974. 1100.
Pres., J. S. Stearns: Sec. and
Treas.. R. L. Stearns.—(V. 81, p. 975. 1100.)
LANCASTER OXFORD & SOUTHERN RR.—Oxford. Pa., to Susque¬
hanna, 20 miles, being rebuilt late In 1905.
Extension to Quarryville was
comDleted In spring of 1906.
Bonds, see
Stock, $200,000; par, $100.
Year ending June 30 1906, gross, $23,422; net, $5,277
•table above.
deductions, $5,000; bal., sur., $277.
Pres.. Walter M. Franklin; Treas..
'J. W. Bausman; Sec., Jacob B. Long.
Office, Lancaster, Pa.—(V. 81,
p. 1665.)
RAPIDS RR.—Manistee to Marlon, Mich.,
MANISTEE A GRAND
73 miles, of which Hartwlck to Marlon, 10 m., opened Dec. 1905; Filer City
to Sands, 2 m.; total, 75 m.
Extension projected from Manistee to Grand
Rapids, 116 m.
In Oct. 1904 Chicago parties secured control.
V. 79, p.
1642.
Stock authorized, $1,000,000; outstanding, $450,000; par of shares,
Bonds, $100,000 first 5s, due annually 1902-05.
For year ending
$100.
June 30 1904, gross, $97,325; def. under oper. exp., $3,474; total deduc¬
tions, $8,042; bal., def., $11,516.
Pres., J. Crocker, Chicago. Ill.; V.-P.,
and Gen. Mgr., Max Toltz; Sec., W. M. Simpson; Treas., B. C. Sammons.
Office, Manistee, Mich.—(V. 79, p. 2588.)
MANITOU A PIKE’S PEAK RY.—Manltou, Col., to summit of Pike’s
Peak, 8.9 miles, standard gauge.
Operated from April to November,
yearly.
Stock, $500,000; par of shares, $100.
In Oct. 1906 all coupons
due had been paid.
For year ending June 30 1906, gross, $162,819; net,
$106,965; total deductions, $27,120; bal., sur., $79,845 Pres., C.W.Sells.
Office, Manltou, Col.— (V. 71, p. 646.)
MARYLAND DELAWARE AVIRGINIA RY.—OperatesLove Pt. ,Md.,to
Lewes, Del., 73 miles: Queenstown Jet. to Centerville, Md., 5 m.; total, 78
m., of which Lewes to Rehoboth. 6 m.. Is Pennsylvania trackage.
Also
owns 14 steamers running between Baltimore, Washington, points on the
Potomac River, the Rappahannock River, Patuscent River and Norfolk.
V. 79, p. 1642, 1704, 2589; V. 80, p. 600.
Stock, $3,000,000, of which one-half each of common and 4 % non-cum.
pref.; par of shares, $50 each. The Balt. Ches. A Atlantic owns a majority
■of the stock and guarantees bonds.
For year ending Dec. 31 1906,
gross, $741,242; net, $29,949; other Income, $1,303; charges, $106,900;
$75,647.—(V.
feal.. def.,
80, p. 711, 1058.)
MEXICAN RAILWAY, LIMITED.—City of Mexico to Vera Cruz, 264
miles; Puebla branch, Aplzaco to Puebla, 29 miles; Pachuca branch,
Ometusco to Pachuca, 28 miles; total, 321 miles.
ORGANIZATION.—Incorporated Aug. 20 1864 as Imperial Mex. Ry.
DIVS. on
1897
’98 ’99 1900 1901 1902 *03 1904 1905
1906
1st pref (%)
2 5-16 2X 3X 3X2 7-16 IX
2 5 3-16 5X 7 1-16
2d pref (%)
1H
EARNINGS.—Jan. 1 to Dec.
31 1906, 12 months
(Mex. cur.) •
gross. $7,087,300; In 1905, $6,293,100.
For year 1905 gross. $6,293,138:,
against $6,104,342 In 1904; net above oper. expenses, $2,530,382; total net
revenue, £284,372; debenture Int.,£120.000: dlv., (6 3-16 %), £158,035.
For 6 mos. ending June 30 1906, gross, $3,496,658, against $3,131,182 In
1905; net, $1,623,624, against $1,309,671: total net revenue, £183,094:
deb.(interest, £60,000; dlv.
on 1st
pref. stock (4%), £102,164; dlv. on 2d
pref. stock (1X%). £18,974.
Sec., John T. Dennlston, London, England.
London offices, 6 Broad
Street Place. Bloomfield St.. E. C..—(V. 66. p. 1001; V. 83. p. 1171.)
MEXICAN SOUTHERN RAILWAY, LIMITED.—Puebla to Oaxaca,
Mex., 228 m.; sidings, 11 m.; all narrow-gauge; branch, 32 m., Tehuacan to
Esperanza; other, 3 m.; total, 262 miles.
ORGANIZATION.—Chartered In 1889.
Concessions commuted by
ayment In 1892 by Mex. Gov. of $8,000,000 6 % 50-year sliver Mex. Gov.
onds, which were called and paid on May 31 1905.
The road passes
June 8 1990 to the State without payment, except for stations, rolling
stock, Ac. V. 79, p. 2642. In 1896 reorganized per plan In V. 63, p. 229.
SECURITIES.—The 1st debenture stock was redeemed Feb. 1 1905 at
110% from proceeds of $8,000,000 Mexican silver bonds, deposited under
trust deed.
V. 79, p. 2642; V. 80, p. 222.
Interest on 2d debentures is
payable only out of profits on Feb. 1 and Aug. 1.
On ordinary shares 1 %
was paid for year ending Mar. 31 1897; year 1897-98, 1 X %: 1898-99, 1 X %:
1899-00, 2%; 1900-01, 2 X %; 1901-02, 2 X %: 1902-03, 2 %; 9 mos. ending
Dec. 31 1903, 1X%;
1904, 2X%; cal. year 1905, 2 X %•
EARNINGS.—For year ending Dec. 31 1905, gross, £122,158; net
£45,227; total net Income, Including Interest on $8,000,000 Mex. Gov. sub¬
vention bonds, Ac.. £65,413; charges. £28,154;
dlv. (2X%). £25.000;
balance forward, £9,086; transferred to renewal and contingency fund
£7.000; balance, £14,344.
Jan. 1 to Dec. 31 1906, 12 months (Mexi¬
can currency), gross, $1,245,341; In
1905, $1,197,220.
OFFICERS.—Chairman, Sir Ernest Paget: Sec., Thos. Linton, 53 New
Broad St. London E. C.—(V. 79, p. 2642; V. 80. p. 222.)
1904-5
NEW JERSEY A NEW YORK RR.—Owns from Erie Jet., N. J.. to
Garnervllle, N. Y.t 29 miles; branches to New City, Ac., 5 m.; operates to
Haverstraw, Ac., 14 m.; total operated, 48 miles.
Erie RR. In April 1896
RAILROAD COMPANIES.
.
179
RAILWAY STOCKS AND BONDS
1907.J
purchased control. Stock, $1,440,800 com., $787,800 pref.; par, $100. Con¬
trol Is with pref. stock and 1st mtge. till 6 % has been paid on pref. for three
years.
Year ending June 30 1906, gross, $444,260; net. $46,442; other Inc.,
$6,670; Interest, Ac., $73,298: bal., def., $20,187.—(V. 65, p. 822.)
NEW JERSEY & PENNSYLVANIA RR.—Whltehouse to Morristown.
N. J., 26 miles.
A consolidation of Rockaway Valley Ry.
Lake RR. Incoimorated Dec. 21 1904. On Mch. 1 1906 Frederick
Pitney
of Morristown, N\ J., was appointed receiver. V. 82, p. 510,692.
p. 692. Stock, $210,000; outstanding, $145,000. The
above) was made to pay all outstanding obligations and $125 000
and Speedwell
V.
Valley bonds due Apr. 1 1906, mostly retired.
of New Jersey Is mortgage trustee.
V. 80, p.
V. 82,
$1,000,000 mtge. (see
Rockaway
The Corporation Trust Co.
Issued,
222. The bonds were
Apr. 1906 were held In the treasury. Gross earnings, 1905, were about
$78,000.
Office
Pres., Chas. U. Flint. Sec. and Treas , Louis E. Spencer.
37 Wall St.. New York —(V. 82. p. 510, 692, 752.)
1905-6
but in
PANAMA RR.—Colon to Panama and La Boca, 50 miles, 5-foot gauge.
The U. S. Gov’t owns the entire $7,000,000 cap. stock. V. 78, p. 1785; V. 80.
p. 163, 1235. The traffic agreement with the Pacific
July 12 1905.
V. 74, p. 1252; V. 80, p. 872, 1479,
DIVID’S.— '88. ’89. ’90. ’91. '92. ’93.
Since 1887 %
23
5
2
5
9
2
Mall SS. Co. terminated
1913.
’94-00. ’01. ’02. ’03. '04. 1905.
4
None
2
4 6 H Feb. ,5
BONDS.—The mortgage of 1S97 Is for $4,000,000; sinking fund, $150,000
V. 65, p. 516.
See V. 66, p. 1046; V. 79, p. 904; V. 81, p. 1551.
yearly.
ANNUAL REPORT.—Earnings were as below.
Net RR.
Net of
Other
Farn'gs. Steamships.
Inc.
$838,939
def$37.158 $13,376
1,079.893
157,245
2,258,838
Year to Gross Iilt.
J'ne 30. Earnings.
1905-06 $2,570,828
Charges, Sur.,lncl.
Ac.
oth. Inc.
$509,050
$306,107
The charges above In 1905 Include: Subsidy payment , $25,000; Interest on
bonds, $144 681; redemption of bonds $333,920, Ac.— (V. 84, p. 804.)
Balt. A Ohio.)—ROAD.—
New Castle, Pa., 59 miles; standard-gauge branches
Foxburg, 59 miles; 3-ft. gauge lines to Mt. Jewett, etc., 101 miles.
•PITTSBURGH A WESTERN RR.—(See Map
Owns Allegheny, Pa., to
to
STATUS.—Road sold on Oct. 9 1901, under
the 2d mtge. and reorgan¬
Pitts.
ized as P. A W. RR., B. A O. pledging as part security for Its own
Lake Erie A W'est Virginia system 4s the entire $13,500,000 of
stock. $7,318,000 of the $9,700,000 first mtge. 4s of 1887, $81,000
6s (all), $136,900 of the $219,000 Pitts. New Castle A Lake Erie 4s
1917 and $3,500,000 new mtge.
bonds of Pitts. A West. RR.
In June 1905 holders of the remaining
p. 445, 783.
were offered the right of exchange for B. A O., Pitts. L. E. A W.
new
old
due
V. 73,
payment- In cash.
$132,000.
or
V. 80, p. 2345.
$2,382,000 1st 4s
Va. 4s
Equipment trusts July 1 1906,
TEXAS SOUTHERN RY.—Marshall, Tex., on Tex. A Pac., to Wlnnsboro, on the M. K. A T., 72 miles.
On Sept. 12 1906 C. L. Taylor of Long¬
view, Tex., was substituted as receiver.
Claims approved
to
$726,000.
V. 79. p. 271, 787, 905, 1333.
Foreclosure sale was
on Aug. 6 1906, no date being fixed; the rolling stock was bid In at
V. 81, p. 1725; V. 83, p. 380.
On Dec. 22 1904 $100,000
cates were authorized: In Feb. ’05 $150,000. V. 81, p. 1725. Stock, $79,980.
Bonds outstanding, $271,000 first 30-year gold 5s, dated July 1 1902;
amounted
postponed
$22,000.
receivers’ certifi¬
July 1904 Interest In default; balance of $792,000 Issued being used as col¬
lateral.
Coll, trust 7X% gold certificates ($375,000 authorized), each
$1,000 certf. secured by deposit of $2,000 of the 1st 5s; outstanding, $175,See V. 76, p. 159. Car trusts
000; U. S. A Mexican Trust Co., trustee.
June 30 1904. $33,000.
For year ending June 30 1906, gross, $l$t,283: net,
$6,413;—(V. 83, p. 689.)
VIRGINIA A SOUTHWESTERN RY —Owns from Bristol, Va.,
erly to Big Stone Gap and southerly to Mountain City, Tenn., 134
in Aug. 1906 the Southern Ry. acquired the $2,000,000 stock.
626.
p.
The Virginia Iron, Coal A
Coke Co. guaranteed the bonds, prlncl273. Car trusts,
also $225,000 5s
and Interest.
V. 75, p. 348. 398 736; V. 76, p.
$118,250 5s, due monthly Feb. 1 1906 to Oct. 1 1908;
due monthly Feb."10 1906 to May 10 1910.
Report for year 1904-05 In V. 81..p. 1433.
In 1905-06,
Dal
net.
north¬
miles.
V. 83,
$400,334; charges, $151,778; bal., sur.,
83, p. 1038.)
$248,556.
$679,532; net, $251,780.— (V.
gross, $1,009,336;
In 1904-05. gross,
WABASH CHESTER A WESTERN RR.—Chester, Ill., to Mt. Vernon,
Ill., 65 miles.
Stock $1,250,000; par, $100. Coupons due July 1894.
paid July 1896; none paid since.
Year ending June 30 1906, gross,
$114,387;
taxes,/$7,257; bal., def., $20,840.
WARREN A CORSICANA PACIFIC RY.—Warren to Campwood, Tex.
20 miles; extension projected from Warren to Corsicana, about 150 miles.
Stock, $100,000; par of shares, $100.
In Feb. 1905 S. F. Carter and W. H.
Norris were appointed receivers.
V. 80, p. 999. For year ending June 30
1906, gross, $50,392; net, $8,647; taxes. $1,061; bal., sur., $7,586.—
net,
$20,940; lnt. on bonds, Ac., $34,523;
(V. 80. p. 999.)
m.
on
WARREN RR., N. J.—New Hampton Jet. to Dela. Bridge, N.
Leased in perpetuity to Dela. L. A. W. at 7% on stock and
bonds.
See form of guaranty, V. 72, p. 628.—(V. 80, p. 999.)
WASHINGTON CENTRAL RY.—(.See Maps
J., 18.8
Interest
Northern Pacific.)—Owns
road, Cheney to Coulee City, Wash., 109 miles; branch from Coulee City
to Adrian,
21 miles; total, 130 miles.
Reorganization In Jan. 1898.
Leased In 1898 to Northern Pacific for 999 years at rental sufficient to pay
Interest on 50-year gold 4s, to be Issued at $15,000 per mile.
(See V. 66,
p.
953.)
Nor. Pac. owns entire
$1,000,000 stock.—(V. 67, p. 691.)
RIVER RY.— (See Maps Northern
Wash., to Pendleton, Ore., 128 miles;
Stock is $3,000,000; par, $100. Arid’l
first 4s may be Issued for extensions at $20,000 per mile.
(V. 61, p. 70.)
Nor. Pac. Rv. owns all the capital stock and Income bonds. In 1904-05 and
paid 4% on Incomes. Year ending June 30 1906, gross, $433,371;
net (over taxes), $194,673; other Income, $7,128: Int. on first mtge. and
Income bonds, $193,678; imp’ts. $5,758; sur. for year, $2.365.—(V. 66,
WASHINGTON A COLUMBIA
Pacific.)—Owns road from Dayton,
branches, 41 miles; total, 169 miles.
p.
426.)
WASHINGTON COUNTY RY.—Owns Washington Jet., on the Maine
Central RR., northeasterly to Calais, Me., 103 miles; branch to Eastport,
15 miles, and Princeton, 19 miles—total, 137 miles.
V. 77, p. 2340.
The Maine Central owns the $2,500,000 stock and guarantees the bonds,
principal and Interest, by endorsement, but road Is operated Independently.
Bonds are issuable at $20,000 per mile, being subject to call at par and
interest on Jan. 1 1924.
For year ending June 30 1906, gross earnings
were $418,959; net, $59,967; fixed charges, $89,774; bal., def., $29,807.
(V. 78, p. 989; V. 83, p. 627.)
WASHINGTON A FRANKLIN RY.—Hagerstown, Md., to Qulnsonia,
Pa., 14.37 miles; was built In 1898 and extended from Oulnsonia to Zumbro, 5 miles.
The line is leased to Western Md. for Interest on bonds
and 5% on $150,000 stock.
The Reading Trust Co. Is mtge. trustee.—
(V 72 p. 676; V. 70, p
V. 73. p. 392.)
WEATHERFORD
MINERAL WELLS A NORTHWESTERN RY.—
Owns Weatherford to Mineral Wells, Tex., 23 miles.
Extension Is con¬
templated from Mineral Wells to Jacksboro and Graham, 70 miles.
Con¬
trolled by Missouri Pacific interests.
Stock, $100,000. The Texas A
Pacific guarantees the bonds ($1,354,000 authorized issue), principal and
Interest, by Indorsement.
V. 75, p. 908, 1356. See form V. 78, p. 344.
For year ending June30 1906, gross, $136,316; net, $88,497; charges, $34,806; bal., sur., $53,691.
Pres. George J. Gould; Sec. and Treas., J.
W. Boot.—(V. 78 p. 5CT, 344.)
WEST VIRGINIA A PITTSBURGH RR.— (See Map Balt. A Ohio.) —
Clarksburg, West Va., to RIchwood, W. Va., 120 miles, with branch, 6
miles; also from Western via Buckhannon to Pickens, 50 miles: total,
Leased to reorganized B. A O. for 999 years from Sept. 1 1899,
176 miles.
per plan in V. 67, p. 1310, for 4 % on the mtge., all except $10,000 bonds
being stamped with agreement reducing the Interest from 5 to 4 %; option
to retire bonds at par expired Sept. 1 1904.
V. 69, p. 439, 646. Com.,
$2 5U0.000, and pref., $900,000, all deposited by Balt. A Ohio under
Its own Pitts. L. E. A. West Va. System mtge.
Mtge. covers road and
equip, and 134,842 acres of timber coal and mineral lauds In West Va.—
—
(V.
71.
p.
810.)
180
BANKS, TRUST COS., INSURANCE COS, ETC.
NEW
Capital.
Companies.
Par.
New York.
Aetna
America.a
Am. Exch
rnAstor
Battery Park
Beaver
Bronx Bor.a.
But. Sc Drov.
Century.a
Chase.
Chatham
Chelsea Ex. a
Chemical
Citizens’ Cen.
City
Coal & Iron..
Colonial, a
Columbia.a
Commerce
Consolidated.
.
Corn Exch.a.
__
..
Fifth
Fifth Ave.u.
First
Fourth
14th St.a
Gallatin
Gariield
German-Am
a
German Ex.a
Germania .a
Greenwich a.
Hamilton a._
Hanover
Imp. & Trad.
Interboro a..
Internat a
_
rlrv. Nat. Ex.
a
Liberty
Lincoln
Manhattan a_
Mkt. Sc Fult.
Mechanics’
dMech. & T.a
Mercantile
Merchants’
Merch. Exch.
..
..
..
Metropolis
Metrop’n a
a.
.
Mt. Morris a.
Mutual a
Nassau a
New Amst
New York
N. Y. County
rN. Y. N. Ex
Night & Day//
19th Ward a.
No. America.
t>Northern
Oriental a
a
Phtmlx
Plaza a
Prod. Ex.u..
Riverside a..
.
Royal a
Seaboard
profits, b
Period.
1905. 1906. Latest.
|
..
Yorkville a..;
%
>*300,000
1,500,000
5,000,000
350,000
200,000
200,000
250,000
50,000
300,000
200,000
.
*
.
.
.
..
.
.
.
Borough.a _.!
Broad way. a.;
a..
City
First
Home, a
Manufac’rs’
Mechanics’
i
i
_
a.
Mont auk
Nassau
North Side .a
People’s.a.
Pros. Park _a
Terminal _a...
d Union.a
100
100
50
50
100
10(1;
30
50
.
100
100
50
100
100
100
200,000
150,000
300,000
300.000
300,000
1 (H».onu
252,000
1 ,000,(too
100 .non
750,000
100,000
200,000
100,000
100,000
1,000,000
156,300
405,400
152.800
625,000
699,200
52,200
718,500
896,500
i
;
J.
.1.
J.
J.
Sc
Sc
&
J.
J.i
.J.i
Sc
J.'
:
1
12
7
14
16
j
i
j
6
13
7
14
Jan.’07.
3
Jan. ’07.
7
Jan.'07.3 y,
Jan. '07.
7
16
Q.—M.!
Apr.’07. 4
Org. In i 1 905; V.80, p. 2320.
12 ;
14
0.—J.
Apr.’07.3 '•>
Ja&M’y!
10
50,000 Beg.bus .Mch.
946,900 Q.— J.
212.500.1. & J.
(J)
M.&N.
47,500
N. Y. City.
Astor
Bankers’
100
100
100
Bowling Gr._
Broadway...
Carnegie
100
100
100
100
100
100
Central
^Colonial
Columbia
Commercial
Com’nwealth.
.
Empire
Equitable
100
100
25
100
100
100
100
Farm.L.&Tr.
Fifth Avenue
Fulton
Guar.Tr.N. Y.
Guardian
d Hudson
Italian-Amer.
Knlckerb’k’r.
Law. T.I. & T.
Lincoln
Manhattan
Mercantile
..
Metropolitan.
Morton
Mut. Alliance
N.Y.Lf.I.&Tr
New York
Standard
Title Gu.& Tr,
cTr.Co. of Am
Union
1
U. S. M. & Tr
United States
Van Norden.
Washington .!
Windsor
.1
Brooklyn.
Brooklyn
;
Citizens’
Flatbush
Franklin
Hamilton
1
Home
Jenkins, k
100
100
100
100
100
30
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
Surplus &. Dividends paid, in 190 5 and]1906
undivided
and also last dividend.
Feb.26 ’07.
Amount.
Period.
t
$
1,250,000 Beg. busin ess Mch.
1.000.000
1,284,052 Q.—J. j
1,000,000 3,181,237 Q.—J.
700,000
451,480 M. & N.
1,000.000
480,944 Beg.bus
1,000,000 15,925,7141 Q.—J. i
2.113.785
J. & J.
1,000,000
1,000,000 1,113,606 Beg.bus
,500,000
285,420 Beg.bus
250,000
321,728 Beg. bus
500,000 1,113,635 J. & J.'
3,000,000 10,664,948 Q —M.
1,000,000 7,731,933 Q —F.
1.000.000
1,785,743 Q —M.
500,000
771,829 J. & J.
2,000,000 6,398,282 Q —M.i
500,000
632,123 Beg.bus
i
1,000,000
106,831
!
500,000
68,257
1,200,000 5,039,843 J. & J.
4,000,000 5,974,249 Q. —F.
1,000,000 1,122,657 Q. —M.
1,000,000 2,445,201 J. & J.
2,000,000 7,169,161 Q —J.
2,000,000 7,016,308 Q —J.
2,000,000 8,178,221 Q. —M.
500,000
607,473 J. Sc
1,000,000 3,106,002 J. & D.
3,000,000 10,833,925 Q. —M.
1,000,000
1,525,147 J. & D.
4,375,000 7,856,738 Q. —M.
2,000,000 10,840,766 Q —J.
1,000,000 7,913,607 Q —J.
2,000,000 4,793,155 See Mis
2.000,000 13,540,742 J. & J.
1,000,000
1,354,748 Q. —M.
500,000
1,123,576 Q. —J.
1.000*000
579,514 J. & D.
1905. 1906
18’07
.
6
6
6
.
.
.
Apr
.
'06. See
i80
11
i80
10
Dec
Nov
.
.
Aug
.
40
10
30
21
20
100
100
100
100
100
100
Kings County
L. I. L. &
Nassau
100
100
Peoples’
100
Williamsburg 1
100
1,000,000
500,000
200,000!
1,500,000
500,000
*500,000
500,000
500,000
2,236,748
155,041
197,006
3,043,116
1,096,759
297,295
334,372
1,580,263
1,808,701
546,348
1,806,331
521,484
■
1,000,0001
500,000,
1,000,000,
700,000
Q. —J..
Beg.bus
J.
20
10
16
13
50
cella
50
Sc
J.
J.
&
50
12
12
6
12
10
8
12
8
Q. —J.
Q —F.
Mthly.
Q. —J/'
G
note
’07
[Jan.
1
3
Apr. 07. 1
Ap '07.12
neou s
10
J.
Q. —M.
Q. —F.
/.
15
iJan. ’07.
.
8
6
12
10
|Apr.’07.
3
11 y3 [Mch ’07.
40 1 May 07. 10
12 !Apr. ’07.
3
7
10 |Jan. M7.
Mch ’(•7. 5
20
’02 ! v .75 p.422
Mch ’07. 3
IJan. ’07.
2
Jan. ’07 3(1
40
12
3
Feb. ’07.
3
Mch ’06. 3
h
Jan. ’07.
<-12
:>
30 ! Apr. ’07.
26 I Apr. ’07.
G
>
20 1 Mch ’07.
’07.
4
Jan.
Dec. ’()(>. 25
45
Mch. ’06. S
23
I )ec. ’()<>.
1<»
Mch. ’06. 4
16
32
50
3
Q. —M.
Q. —F.
5
3
•
40
16
Nov
4
’05 .! V.81 ,p. 1641
'0< /See note m
1 ,’02 V.74 ,p. 657
6
10
40
12
10
20
.
Utote c.
Apr. ’07.
Apr,’07.
May’07.
14
6
Dec
.
Last paid%
.
See
11 y
i
100
100
Tr.j
TRUST COMPANIES.
profits.
.
0
Cos.
«> ~
Jan. ’07.
Mch. ’07.
Apr. 07.
Dec. 06.
3
3
5
16
Jan. 07.
'05. V.8 2, p. 1 5 27
6
4
Jan. ’07.
14
May’ 07.3 ’2
10
May’ 07.2
•)
.Ian. 07.
1 y Mch’ 07.1 y
3
12 iMay. '07.
3
10
Apr. 07.
*>
10 .May ’07.
12
?
Apr. 07.
•>
8
Apr. 07.
c Astor Trust Co. formed to take over the business of the
Consolidated
Astor National Bank and the projected New Netherlands Trust Co.; V. 84.
p. 425, 666.
(I Organized as successor of the United National Bank; sec
V. 83, p. 131, 190, 24G; V. 82, p. 845, 781, 485. 426.
c Colonial Trust Co.
and Trust Co. of America to be consolidated; V. 84. p.
h Capital
78, 846.
to be Increased to $750,000; V. 84, p. 485, G05.
i Including 1903 a.nd since,
paid 20% extra in May each year, making 80% per annum,
k Ridgewood
Bank merged in Jenkins Trust Co., V. 82,
p. 965.
I See V. 83,
.
1503, 1324, 1300,603,410.
NEW
YORK
AND
m See V.
BROOKLYN
!
Par\ Amount.
83,
p.
FIRE
' Net
Capital.
Companies.
p. 1565,
1386, 1 147, 107 1, 191, 131.
INSURANCE COMPANIES
Dividends.
surp.
Dec. 31
1906.
1904. 1905. 1906. Last. paid
.
W
$
lOOi
$
$
564,286
8
9
lo
500,000
6,
Jan. ’07.
10011 ,000,000 8,428,734
36
4a
36
Jan. ’('7.2
1
100! 200,000
Empire City
3
6
None
111,153
Jan. '07. 3 1
100 1 ,000,000 1 ,000.000
Fidelity
German-American. 100,1 ,500,000 5,130,426
30 !
30
30
Jaii. '*>7
15
German-Alliance
100!
400,000
10
459,416
10
12
6
Jan. '07.
Germania
50 1 ,000,000 1 ,09 4,932
6
.15
20
20
Jan. 'o7.
Hamilton
1 151
3 1 None None Jan. '04.
150,000
33,082
3
Hanover
50 1 ,000,000
0 i
892,289
4
8
5
Jan. '07.
Home
100 3 ,000 000 7,408,355
14
2o
20
Jan. '07.
10
Nassau
50!
200,000
126,076
10
10
lo
T)
Jail. '07.
Niagara
50 i
750,000 1.020,208
20
IO
20
10
Jan. ’07.
95
North River
350,000
8
224,523
9
10
r>
Apr '07.
Peter Cooper
20
1o
44,395
10
10
150,000
r>
Feb,.'o7.
Phenlx
50 1 .500,000 1,626.823
10
20
15
:>
Jan. ’07.
Stuyvesant
67,945 None None
6
3
Jan. ’07.
i 251 200,000
United States
25!
250,000
3
34,643
0
None* ' J a u. '04.
3
Westchester
10
300,000 1 ,011 ,275
20
20
30
15
Feb .’07
7 64 ,093
Williamsburg City-' 501 250,000
30
50 ‘Jill! ’07.
30
10
Commonwealth
Continental
i
-
16
6
8
Beg.bus) Oct.
25,800 Beg.bus Dec.
1,026,900 J. Sc J.I 5y
10
’07.
13
6
<t
’04.
’05.
8
Jan. '07.
G
V.84,p. 725
Apr.’07.
3
Jan.'07.
Nov.’05.
3
4
V.79.p.lG17
V.81 ,p. 1 7 GG
Jan. '07.
5
State banl
b March 22 1007 for national and Fob. 20
1907 for State banks.
(I The Mechanics’ Sc Traders’ Bank of N.
Y. City and the Union Bank of
in
Brooklyn consolidated
March 1907: and capital of Mechanics’ Sc Traders’
Increased to $2,000,000; V. 84, p. 425.547, 667.
In April 1900 stockholders
of Union Bank voted to Increase
capital from $500,000; V. 82, p. 007. 781;
In March 1900 Union Bank purchased control of the
People’s Bank and to
operate It as a branch; V. 82
p. 005, 781.
e Special dividend of 120%
paid .July 1 1905.
t Capital Increased to $200,000 and surplus to $110,000; V.
82, p. 312,
367, 543. 547.
0 Six per cent of this paid from earnings of 1904.
,
h Capital increased from $200,000 in March
1907; V. 84, p. 134. 190, 485.
1 Capital increased in Nov. 1905 from
$500,000 by declaration of 100%
stock dividend from accumulated Surplus.
m Astor National Bank and the
projected New Netherlands Trust Co.
(V. 83. p. 542) consolidated and the Astor Trust Co.
organized to take over
the business; V. 84, p. 425 GOG.
nA 400% cash dividend was paid Dec. 12 1906,this course
being adopted
as a means for
increasing the capital from $1,000,000 to $5,000,000. The
surplus after the Increase will be $4,000,000. See V. 83, p. 1565. 1266, 1-204.
o Stockholders In
Aug. 1906 ratified the proposition to increase the capital
from $100,000, the new capital to be
provided bv the declaration of a 900-%
dividend from surplus and undivided
profits.
See V. 84, p. 33; V. 83.
p. 1147, 410, 24G. 70.
V Capital to be increased to $300,000; V. 84. p. 425. 6G6.
r Irving National and New York
National Exchange banks consolidated
under name of Irving National Exchange; V. 84,
p. 77. 196, 304, 725.
s Stockholders in Jan. 1907 ratified
proposition to increase capital from
$300,000 through the payment of a 900'/,', dividend from
surplus.
See
V. 84. p. 78; V. 83, p. 144G.
u Capital to be increased to
$300,000; Y. 84. p. 780, 905.
r Stockholders voted in Mch.
1907 to relinquish the national bank charter
and convert the bank into a State
institution; V. 84. p. 547.
ic State tax Is paid by
stockholders, which reduces the dividend to about
13% per annum.
GAS
COMPANIES.—S^EE ALSO MISCELLANEOUS.
Companies.
Par.
Divide nils and Interest.
Securities Interest
afloat,
a
BROOKLYN
Companies.
Par
203,600 See V. 7 9. p. 188, 1931.
4,080,500 J. & J.
20
21
Jan. ’07. 12
4,983,700 M. <3c N.
10
10
May’07. 5
20
(m)
22 y Feb.’07.
! Q.—F.
8
121,500 Beg.bus
No V. ’04 ; V.80,p.99
! 00,000 Beg.bus .Apr.
’07, V.84, p.780
100
77!),900 Q.— F.
12
12
May ’07. 3
100
151,900
25
160,600 J. & J.
6
6
Jan .’07.
3
100
154,000 Org. Ap r. '01
V. 7 2. p.755.
100 n5.000,000 724,595,200 J. & J.
12
nl6
Jan.’07, 10
25
450,000
1,048,400 Q.—J. W 16 2^16 Apr.’07. 4
100
100,000
’03. V.7G.p.l006
103.700iBeg.bus Apr
100 s 3,000,000 so,364,700 Bl-mo.
150
150
Mch’072 ys
100
2,550,000
6
6
966,000 J. Sc J.
Jan. ’07.
3
100 25,000,000 22.552,800 M. Sc N.
8
8
May’07. 4
100
500,000
583,800 Q.—J.
Apr.’07.1 XA
100
100,000
427,800 J. & J.
11
16
Jan. ’07.
8
100
300,000
442,300 J. & J.
8
12
Jan. ’07.
6
100 25,000,000 14,945,000! Q.—J.
8
8
Apr.’07. 2
100
1,000,000. 1.123,400 J. Sc J.
Jan. ’07. 3
100
3,000,000 4,834,200 F. <3c A.
14
14
Feb.’07.
7
100
100,000
48,192 B< g.bus' July 1903. V. 77,p.121
25
250,000
6
6
124,400 J. & J.
Jan. '07.
3
100
200,000
144,400; See V. 71, p .735, 1147.
100
250.000
12
458,500;J. & J.
12 Jan. ’07. 10
100
100,000 1,894,900! Q.—J.
220c 100
Apr.’07. 25
100 10,000,000119,981,100i Q.—J.
15
30
Apr.’07. 8
100
3,000,000
7
3,166,600 J. Sc J.
7 Jan.’07.3 y
100
1,000,000
7
424,000 Q.—F.
10
May’07.2 M
50
1,000,000 2,411,300 A. & O.
12
12
Apr.’07.
6
100
1,000,000 1,369,100! Q.—M.
20
20
Mch.’07. 3
75
750,000
6
6
604,000 F. & A.
Feb.’07.
3
100
200,000
14
831,400 J. Sc J.
14
Jan. ’07.
8
100
200,000
20
944,600 M. & N.
20
May ’07. 10
25
500,000
8
7
698,6()o!M. Sc N.
May’07. 5
100
p200,000
243,300 J. Sc J.
6
7
Jan. ’07.
5
100
3,000,000 8,389,800! Q.—J.
11
17
Apr.’07. 4
100
1,500,000 7,130,700 J. & J.
20
20
Jan. ’07. 10
100
/100.000
Dec
753,500 Beg.bus
’04 V.79,p.2725
100
500,000
113,500
11
Dec. ’06.
5
50
2.000,000
9
8
1,038,200’J. & J.
Jan. ’07. 5
100
C500.000
6 y Jan. ’07.
5
642,700 J. & J.
5
100
1,000,000 2,291,100 Q.-~J.
16
16
Apr.’07.
5
100
500,000
1,500,400 Q.—F.
20
20
Feb.’07.
4
50
2.050,000 2,908,800!J. & J.
12
12 Jan. ’07.
8
100
1,000,000
10
10
1,541,400 (J.—J.
Apr.’07.2 Vi
100
3.000,000
10
10
3,679,400; (J.—J. !
Apr. ’07.
3
25
d700 000
8
339,100! Q.—J.
12 Vi Jan.’07.2 16
100
3,000,000 5,028,200 J. & J.!
8
8
Jan. ’07.
5
50
2.000,000 1,557,600 J. & J.
7
7
Jan.’07.3 V,
50
600,000
503,700 J. & J.
6
6
Jan. '07.
3
100
1,000,000, 1,718,000 Q.—M
12
14
Mch.'07. 4
100, 2,000,000
i
890,700 Q.— J.
Apr.’07.
1
100
250,000
219.500 M. & N.
8
8
May’07. 4
100
200,000
6
286,500 .1. Sc J.i
8
Jan. ’07.
4
50
500,000
8
346,700 M. & N.
8
Nov.'06. 4
100
1,000,000
18
284,800' Q.— J.
24
Apr.’07.
3
100
2,000,0001 2,987,400 J. & J.
10 |
12
Jan. ’07.
7
100
200,000
841,600 J. & J. 100 |
75 Jan. ’07. 25
100
1,000,000
(r)
8
8
Feb.’07.
2
Q.— F.
100
200,00(1
243,700 Beg.bus! .May 7 ’06. V.82.1). 1016
100
1/200,000
260,700 Q.—M.
10
Mch'07.2 y t
16(7
100 2,000,000) 2,295,300 Q.—J.
8
8
Apr.'07. 5
100
300,000
'
(?)
!
Jail.’07.
3
100
750,000
1,204,800i Q.—J. !
10
10
Apr.’07.2 Vi
50
500,00(9
8
784,000 Q.—F. :
8
May’07.
2
100
3,000.000 8,415,300! Q.—J. j
16
16
Apr.’07. 4
25
200.00(1
469,500 J. Sc J.I
10 !
Jan. ’07.
10
7
20
1,000,0001
430,100 J. Sc J.i None None July ’00. 3
100
100,000
342,900 J. Sc .J.! 20
Jan. ’07. lo
20
100
1,000.000
626,500 A. & O.1
7 1
7
Apr.’07. 4
100
100,000
101,100 Q.—J. j
8 i
Jan.’07.
2
8
100
100,000
30,300
V. 75,p.162
100 11,000,000
1,357,200.J. Sc J. a 06 1
6
Jan.’07. 3
100
500,000
1,900,200!J. & J.1 12 I
Jan. ’07.
6
12
100 01 .000,000
aOl 1,400 .J. Sc J.1
50
Jan’07 950o
100
100
200,000
210.!)()() Beg.bus
Oct .1902 V. 75.p.771
100
200,000
211,300 J. & J.
6 •
6
Jan. ’07.
3
100
100.000
174,600 F. & A.
6
5 Yi
Feb.'07.
4
100
750,000
839,600 J. Sc J.
Jan.’07.2 >0
100
1 000,000
36,300
100
100,000
174,700 Beg.bus .Sept
’01. V. 73,p.422
100
200,000
852,700.1. Sc J.
12 ;
12
Jan. ’07.
6
100
100,000
384,700 J. Sc J.
10
Jan. ’07. 6
Brooklyn.
AND
Capital.
|
S
100
100
100
100
100
YORK
Dividends.
.
Second
State, a
34th Street...
12th Ward a.
23d Ward a..,
Union Ex.a..
U. S. Ex a .A
Wash. II. a..;
West Side _a_
tJ
Surplus db
NEW
.
a
Brooklyn
BANKS.
i
Park
People’s
BROOKLYN
!
Paciiic
,
AND
,
Fldellty_«
Jefferson
r
1
Bowery.a
Amount.
$
..
Discount a
East River
YORK
'Vol. lxxxiv.
cBlngh. (N. Y.) 1st M
Gen M g5s$2,500.0O0op
Colum. Gas & F. com
<
Pref. cum. $6,000,000.1
Colum. Gas, 1st M., g_
cCon. Gas (N. J.) Stock.
Cons. M., gold.
c.a
L. Br. Ltg. 1st M. 6s..
$
1,000
1,000
100
100
' period.
1905J1906.
a
Date.
%
$
750,000
25,000
2,750,000
5,500,000
1,500,000
1,000,000
971,000
15,000
A. & O.
A. Sc O.
a
See V. 82, p
Q.—J.
.
'April 1 1938
iOct. 1 1954
394!
3 u: Apr. 1’07,1 'i
J. & J. ”5“
1932
100
Owned
by A mer. ! light &Trac
1,000
J. & J.
5
5 : Jan.
1 1936
,J. & J.
6
1,000
6 1 Jan.15 1914
50 2,000,000 Q.—J. None None! July 3 '00. 2
Indianapolis Gas..
1st M. $7,500,000 gold 1,000 4,250,000 A. & O.
5
5 - Oct.
1 1952
(/Jack. (Mich.) Gas Stock
50
6
6
250.000 Q.—J.
Jan. ’07, 1 U
1st M. 5s, gold.
1,000
5 ! April 1 1937
310,000 A. & O.
5
cMadlson (Wls.) G. & E_
100
400.000 Owned by A mer. 1T.t. Sc Tract,
1st M. Gs, gold
1,000
6
350,000 A. & O.
6 ' April 1 1926
I)cb., scrip, gold, 6%. 25(fee
6
100,000 A&O 10
6 1; V. 71, p. 392
Minneapolis G. L., Stock.
50
800.000 J. & J.
8
8 1i Jan. 1 '07, 4
Consol. M. 6s, gold
1,000' 3,000,000 M. Sc S.
6
1> I 1910-1930
New M. 5s, $10,000,000 1,000 1 ,100,000 M. & S.
5 ! Nov. 1 1930
5
Municipal Gas (Alb. N.Y.)1 100 2,000,000 Q.—F.
10
10
Feb. ’07, 2 >6
Rochester Gas Sc Electric —Se e “Street Railwa y” Se ctlon
cSt. Jos. (Mo.) 1st M
5
1,000 1,000,000 J. & J.
5
July 1 1937
cSt. P. (Minn.) G. L. Stk.i
100 2.100.000 Owned by A mer. Ia. Sc Tract.
1st M.t currency
_• 1,000’
G
6
650,000 J. & J.
July 1 1915
Consolidated mortgage 1,000
6
6
600,000 J. Sc .T.
Julv
1 1918
General mortgage,gold 1,000 3,463,000 M. Sc S.
5
Mch. 1 1944
Washington (D. C.) G. L_!
20 2,600,000 Q.— F.
10
lii Feb.l’07,2H
Reg. 6s, ext. at 4%, g. Var.
4
600,000 J. Sc J.
4
1927-1929
Certs, of Indebt., 6%
Var. 2,600,000 J. & D.
G
6
op. June 1 ’08
.
1,000
.
a This column shows last dlvid. on stocks and
maturity on bonds,
b Ex¬
tended 20 years from Jan. 1 1906 at 4%.
c Controlled by American Light
& Traction by ownership of entire capital stock. The St.Paul Gas
Light Co.
have authorized Increase In capital to $2,500,000; V. 82.
p, 338.
d Con.
trolled by the Michigan Light Co., which owns entire
stock; V. 80, p. G54.
5409119045-8.21037-89,.1026
154750099 119000456---...867711,08
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
1750099119054-6,83.12
March.
January. ! February.
*
*
Ala. Gt. Southern.
310 ra.
310 m.
1906-.
310 m.
iy07
—310 m.
*
'j
328,021
260,373
310,505
331,069
May
June.
July.
August.
'September
October.
November
S
$
$
$
%
$
$
*
248,162
280,463
305.223
254,526
277,976
315.943
260,886
271,938
236,439
260,989
293,256
298,767
297,933
323.768
341.250
328,042
337,009
327.619
319,541
317.083
274,820
294,001
343,250
3,215,805
3,478,831
355.191
3.942.648
5,549,380
6,487,014
6 235,182
7.001,221
66.974,015
291,779
5,444,334
6.156.340
6,156,97l
7,251,523
0,609,746
7,401.424
7.029,456
8.462,882
7.142,316
7,916,483
1,764,190
2,032,717
2,152,908
1,475,087
1,453,996
1,612,763
1,729.665
1,892,798
1,916,683
1,986,461
1,918,703
1,829.254
1,958.388
2,212,313
1,947,871
2,115,770
2,259,375
5,381,898
5,840,176, 5,768,103
6,817,033 6.572,814
5,274,542
5,768,829
5,870,352
6,398,087
7.181,040
6,048,760
6,547,806
7.077,897
6,181,073
6,853.792
7,321.458
5,757,747
6.5 H.374
6,544,846
649,195
766,487
560,092
738,634
805,815
746,399
81S.836
693,962
744,299
752,748
645.446
673,205
7,690,052
805.567
634.516
7,467,336
4,751,970
4,562,142
5.619.182
48,714,666
54,711,836
5.992.098
67,752,255
996.523
1,028.244
10.531,081
1,104.875
11.643.275
1,888,603
2,118,194
22.126.831
24.257.831
2.229.742
24,838,721
2,047,828
1,721,082
20,106,363
22,130,119
2.051.651
25,322,229
12,229,600
11.146,048
5.346,860
4,669,306
5.529.512 5,619,278
5,960.923, 5.996.S96
5,338,483
5,845,280
5,117,467) 4,742,836
5.407,741
6,764,966 6.711,890 6.696,958
7,695,253! 7,352,247,
6,492,316
6,782,264
6,447,473:
1904.4.139-4.229 in
1,726.175
1,766,227
1,814,949
1,738,123
1,980,746
2,191,758
2,426,242
2.172.973
2,161,006
2,415,469
1,759,071
1,997.905
2.159,462
1,822,735
2.022.103
2,250,905
4.410,818
5,158,171
4.634.806; 5,483,811
4,744,6601 5,910,621
5,501,230
5,723,534
5,242.966
4,333 ra.
4.333 m.
Baltimore & Ohio
654009911
ra
6,573,466
482,979
604,777
494,520
532,433
613,844
1 4,205,527
807.206
744,973
921,749
in.
1.878 ra
1906.1,87S-1.890
ra.
1907-1,893-1.890 ra
Cent, of New Jer.
1,092,464
638-639 m
1,539.960
1,673,993
642,919
652.863
716,495
834.466
707.467
961,035
1,049,920
1,887,745
1.552,429
1.652,559
2,225,816
1,440,088
m
in
1907 ------1,827 in
Chesapeake & Ohio.
1904.1.641-1.671 ra
Chicago & Alton.
915 m
1904
Chicago Gt. West,
930-SIS m
818 ra
S18 ra
1904
4,398.834
4.629.175
4
4,220,876
4,872,575
4,743.962
6,722,767
5,477,351
5,907.968
0.170,452
6.152.767
6,940,605
852.353
937,566
651,400
660,127
746,478
66S.383
750.956
745,651
877.960
725,992
827.820
925.167
1,018.740
1,107,704
1,080,492
1,047,780
861,120
763.552
875,087
1.085,756
1,907.602
2,158,112
80.552.S45
8,567,433
2,214.501
2.443.068
2,149.657
2,189,890
1,840,004
2.078,076
2,193,861
1,657.826
1,843,344
1,617,942
1,802,480
2.190,342
1,737,716
1.846.555
1,671,503
1,775,613
1.819,781
1,967,281
1,718,890
2.000,285
2.196.555
1.927.910
2,201,092
2.144.476
1,807,467
2,039.605
2,147,032
1,719,680
2,033,482
2,111,236
947,140
930,637
1,039.683
1,193,064
1,056,300
1,132,871
1,268,158
1,045,340
1.300.783
1,097,778
1,212,729
1.154.332
1,043,404
1.058.849
1,017.987
1.125.009
12.036.495
764,864
871,126
970,202
707,421
782,205
662 187
781.180
7,733,140
8,248,906
838.407
794.745
9.285,032
469.333
494,240
445,665
5.384.681
476,082
5.833.724
487.S77
466.852
5.896.069
4,524.621
4,183,830
4,790,712
48.748,057
52,309,617
5,133.358
5,979.454
4,441,871
5,090,257
53,690,451
59,087.802
5,717.035
60.429,880
11,480,109
528,714
625,195
632,569
714,364
760.270
828,339
434.273
454,773
458,350
498,181
507,156
515.085
496.973
444,650
494,703
498,956
510,816
487,477
492,054
560.011
561.280
557,419
546,461
3,866,198
4.240,626
4.773.733
4,002,220
3.955.687
4,814,887
4.205.054
4,467,406
5,178,555
4,690,137
3.900,554
4,340,243
4,625,080
4.928.300
5,386,624
5,510.909
4,929,010
5,361,303
5,977.485
719,665
692,073
761.205
a770,S37
421,695
486.745
366,686
454.307
411,022
3,411,192
3.311.570
4.045,356
4,776.378
4,331.720
3,792,662
3,872,605
3,709.125
a
3.403.306
4,589,363
4,834,236
1,368,419
1,464,808
4,350,831
4,861,789
5,067.306
5.706.104
4.038,260
4,369,794
5,148,018
3,835,909
4.3S0.558
4,603,857
5.098.480
5.044.816
5.797,223
870,924
851,696
989,946
1,084,170
847,821
919,134
1.028,540
977.702
1,028,980
1,105,999
1,220,995
1,278,848
573,886
621,706
557.441
613,380
751,677
753,173
626,126
665.407
709,796
769,163
869.575
1.012,176
956.842
795.037
888,973
954.687
572,401
637,645
786,447
554,083
610,799
707.458
610,511
643,351
75S.023
1.714,430
1,818,272
1.908,854
1,743,632
1,821.250
2.014.521
1905*1,725-1,640 m,
600,297
780,639
569,141
652,655
997.931
895.272
1,033,815
571,819
778.320
955.648
a 1,084.900
1,182.986
1,308,146
1,482,707
1,500,940
.
.
2,956,330
3.376.811
2.998,799
2,713,080
-.2.151 in..1
1906
1907-.
2,151 ra. |
Gt. Nor. Svstem-
4.201.436
3,647,600
2,540,526
6,289
m .1
m .1
.1
398.113
406,799
537.755
522,139
3.035,419
2,241.342
2,553,703
3.188.259
2,656.873
401,928
405.616
533.510
498.594
Illinois Central.-
4.371 111.
1907
Inter1! & Gt.Nor-
558
a
1.099.203
1,067,627
1.279,338
1,286,785
1,387,479
1,415,873
1.254.120
1.293,610
1,115,042
1.314.978
12.390,066
13.417.880
639,538
694,090
656,582
710.650
636,514
672,783
603,509
676,190
7.058.525
714,570
73S.811
703,100
699,981
8.741.821
7,671.415
22,141,108
22,517,760
2,202,569
2,067,682
2.270,095
1,892,640
2,055,725
2.005.394
2,042,016
2,056,893
2,169,739
24.694,915
878,266
1,050,578
8,237,281
10,644.852
682,122
956,281
1,107,345
752,602
1.044,537
1,099.327
891,473
1,033.070
1,200,570
920,096
1,063.681
1.158.503
1,321,638
1,505,427
1,696.706
1,424,977
1.690.261
1,524.999
1,682,378
1,580.405
1,840.135
1.757.425
1,447,717
1.034.352
1,805,605
1.811,152
1,900.016
1,868,409
1,791.009
3,930,445
3,959,300
4.103.880
4.406.759
4,024,022
4,431,612
3,938,064
4,412,628
4,002,222
3,753,903
4.238.409
45.106.926
4,411,220
4,361,024
4,514,677
4.441,679
4.877.066
4.036.235
4,194.520
51.167.847
3.120.343
3,752,166
4,673,832
3,672,715
3,895,160
3.637.891
3,972.540
3,897.794
4,965,650
4,817,317
5,708,211
3,710.297
4,357,842
41.334,650
47.717,681
5.023.951
4,999,099
5.322.604
6,192,435
4.669,823
5.240,083
5,142,301
3.894.850
54.705.447
609,473
575,791
549,113
589.445
569,883
599.508
472,236
564.087
5.803.354
0,138,089
500.514
6,522.027
4,493,103
4,654.564
48.669,357
48.957,268
4.630.897
4.976.390
54.277,181
1,318,682
1,447,360
1.702,482
1,400,169
3,621,333
3,602.739
4.184.061
3,816,263
3,816,589
3,517,262
3,869,030
4,092,635
4,135,108
4.327.875
4,502,034
3,041,634
3,419,705
4,066,470
2,873,572
3,247.892
4,172.957
3,044,643
3,667,593
2,126,098
2,158,266
1,764,084
1,890.912
999.188
1.542.375
1,782.453
1,742,260
1.193.290
12,477,426
16,440.471
18.219 253
20,389,152
1,641.400
4.102,434
3,651.170
4,085,967
4,516.438
4,659,059
3,707,757
3.513.523
489,556
481,461
408,660
397,359
47,832,190
463,459
402,130
561,237
370.052
447.568
385.145
391,008
526,486
468,455
481,852
527.672
531.886
593.451
630,680
607,032
602,280
4,090,660
4.355.593
4.640.563
3,530,378
3,751,192
4,233,912
3,794,563
3,821,078
4,258.971
4.024.226
4.110,694
3,805,184
3,748,999
4,214,208
4.015.835
4,340,707
4,577.741
4,351,144
4.300,388
4.342.146
4.486,251
4,647.543
451,264
4.366,911
4,428.661 a4,981.842
J
206,349
212,037
244,8S7
m..1
J
.!
248.5311
3,068,285
3.113.9281
3,246,607
4,107,323
2.118.495
.1 2.246.627
ra. 1
213.049!
216,087
242,888
272,747
3.160,235
.1 3.749.549
Minn. & St. L.—
643 ir 1
785-799 m. 1
1905
206,625
222.324
257,212
312,254
!
414,996
0451.900
406.071
480,522
519,889
655,146
631,670
699,047
728,554
657.894
705,542
605.271
625.134
5,870,130
6,515,088
548,288
562,279
614.210
770.515
929,057
926.994
834,931
7-515.688
170,363
205,320
229,786
178,219
207,375
199,026
226,927
242,060
193,386
215,121
208,337
231,638
228.761
249,237
247,118
284,654
226,037
270.520
220,528
273.009
2,484,860
234.825
256,207
279,20S
301.820
276.579
268,02.3
2,788.309
3,051.067
2,936.803
2,920,407
3.206,274
3.839.512
2,923,648
3,165,400
2,921,238
3.222,369
3,554.781
3,579,772
3,438.863
37.485.072
3,402,605
3.331,440
3,547,193
3,500.723
3,307,982
3,651,805
39,624.355
3,649.881
3,711,760
4,009.935
3,859.039
4,139.835
4,118,887
3.593,321
4.090,990
1,976,813
2,149,239
2,089,895
2,294,084
1,921,422
2,178,651
2,258,234
2,436,318
2,010,009
2,171,546
2,213,553
2.207.869
25,954.079
27,126.080
570,806
550,471
511,636
475,781
494,133
586,334
556.519
506,874
583,910
651,754
579,324
621,826
687.806
6.891.194
0,519,156
7.954,073
461,047
232,443
307,274
2.832.958
3.518,909
319.101
3.685,671
229.402
2,347.081
2,270,240
2,500,372
2.336,071
2.433,651
2,103,665
2,479,422
2,581.938
657,693
597,924
522,308
672,857
557,364
552,386
737,121
572.458
525,322
196,287
241,869
281,447
197,311
253.521,
304,661!
240.593
311,244
326,671
593.542
489,545
623,040
675,294
711,304
439,660
4.588.622
366.830
490.503
528,024
2.444.961
2.383,307
2.629.651
2.133.880
2.048,138
582,623
533,826
638.981
j
4
352,106
471,918
490,824
3.14S.074
3,542,044
2 229,926
2,548,389
i
4,876,771
587.995
564,082
'
2,774,510: 3,523,214
3.432,952! 3,712,381
3.729,143 a4,257,315
2,457,188
| 2.732,903
3,960,057
540,760
-
190,649!
169,583!
275.159
a253,044
5-
•--*
555,477
504,992
a633.000
.
4,381,023
4,440,155
469.742
-79
4,833,951
5.636.926
5.929.308
675,053
867.138
1,017,221
625.750
906,441
1,249,515
1,311,883
1.556.1S1
rtnN4 .000
--
5,372,570
6,148.512
6,596,898
5,766,337
6,148.305
2,305,287
536.769
832,711
1906«--.884-911 m
1907<’
---911 n
5,467.863
4.972,589
5.200.382
2,143,364
2,038,743
1,928,578
2,039,791
821.899
954,548
546.145
.
6.015,019
5,598,603
5,808,239
5.261,887
2.150.496
2,072,136
2,227,016
1,775,884
1,758,775
1,989,663
533,893
!
1907c
3,202 ra
Mex. Inteci at‘I—
80 m
1004c
11'^5 «---880-884 m
1,637,537
1,614,807
1,816,526
089,013
898,577
373,289
525,236
519.098
---.
Iowa Central-
-
4,126,002
2,607,278
2,947,136
‘M
514.825
543.105
542,202
-
1 828,801
1.586.451
4,343,801
986,769
1.983 m.
1.705,284
3.531,435
3.620.635
3,862,358
1,495,775
1,088,677
1,092,813
1,405,981
510,841
712,557
845.884
880,050
492,178
1,614,816
1,864.052
1,218,328
.! 1,346,817
1.111.463
4,038.778
4.291,625
4,537,679
C C C & St
.
911,557
1,056,743
........
353,826
408.906
3.656,000
4,335,358
9,957,993
1,979.575
2,248,388
600.367
a615,980
a713.311
686,396
1904-2,153-2,150 ra.
2,150 ra.
1,834,750
2,159.759
9S3.021
1,046,833
1,059,076
1,921,655
2,071,756
586,531
609.S12
720,365
1,177.038
5.741.543
6.234.583
1,924,915 2,098,577
2,113,292 2,122,209
1,736,264 2.368,399
629,770
613.559
687,689
605,401
1900<’3,156-3.202
65,200,262
71.755.673
6.450,510
6.720,001
1.939,308
1,968,156
1.333.248
595.875
499,274
647,799
522,293
541,067
709,423
-
5,412,259
1,698,380
1,930,003
2,101,100
2.075.931
599,994
590.280
505,641
5S4.341
709,362
.i
.1
949,512
1.004,418
1904
.
953,936
1,065,174
1,027.839
.
849,259
973.490
956.168
916,328
929,594
.
474,238
4,796,734
842,928
852.282
822,121
919,678
.
4,416,865
4,430,028
783,172
7S6.389
771,398
4,849,550
5,292,816
.
4,113,626
4,229,131
5,5/9,003
4,061,505
960,599
884,550
996. OS 1
1,133,970
,-558
55S
2,427,709
6,925,955
746,724
815.394
897,166
706,489
S67.479
1907
1904.
743,622
90S, 103
769,808
987,255
773,538
761,006
943.82S
975.086
1905
1906
491.190
2.146.559
3,652.438
ra
m
hocking Val.—
1904.
346
346
387.553
735.216
2,000,288
423.038
430,897
1906d 7.412-7.453 ra.
1907d
7.4;
1907a
688,830
736,034
1,641,959
1,673,776
2.005,871
348,530
381,101
2,5:i
626,191
769,447
1,447,251
1,967,689
1,931,139
682.540
710,297
1906
591 m
1907---591 ra
Chic. Mil. & St. P.
ra
1907/
Erie—
21,372 686
23,243.051
25,949,277
al, 126,281
1,553,502
2.065.170
1907
1,981,518
2,227,265
4,268,200 a6,098,000
2.002,423
ra
ra
-----648 in
1906.6,912-7,043
551,761
656,670
296,486
4,229,144
5.491.000
3,532,187
4,132,961
5,093.286
2.541.862
3,056,094
4.224.452
1,615.893
1,876,568
639
639-648
1906.1,70S-1,827
73.629,187
85.472,376
j
Canadian Pacific
1905
1,689,913
7,903,547
—
1904-8.044-8,568 n I1 2,896,599
1905.8,568-8,776 m. 3,252.502
!
4,422.690
Cent, of Georgia.
i
5,802.508! 6,711,095 6,304,733
5,939.293!
708.672
5.880,602
2,308,539
6,365,559
Buff Roch.&Pitts.
1904—.500-53
53
1906
1906.-a-538-568 m. 1
1907—
50S )•'
315,506
5,868,729
6,640,650
5.407,329
1906
1907
$
*
311,613
m
in
190608,444-9,200 in.
190709,260-9.263 m.
Atlantic Coast L.
1905-4,229-4,333 ra.
Total.
December
337,055!
336,847
356,702j
April.
j
258,882
215,273
326.189
252,415!
271,584
At.Top.&S.Fe Sys.
1904-3,94S-3.9S7
181
RAILWAY EARNINGS.
1
Apr., 19077
178,770
192,778
237,995
254.013
619 094
714.650
2,245,810
508.651
589,577
050,881
677,614
593,801
715.991
240.815
297,160
253.845
326.0S4
274,377
362,911
309,382
384.686
318.575
347,939
331,672
346,134
45,856,705
a2,574.375
a738,168
285.463
277,109
298.613
a310,877
I
i
1
341.949
315.651
1
c
Figures Include the earnings
of the
of the monthly returns.
e Figures are given
In Mexican
^
currency? / Includes Rio Grande Western in all the years. 0 Includes, beginning with July 1906, the earnings of the Denver Enid A Gulf, the Pecos system and the
Santa Fe Prescott A Phoenix; figures for previous year are revised so as to bring them to the same basis,
Beginning
with
Oct.
embraces
Colorado
A South¬
k
1904,
ern, Fort Worth A Denver City. Trinity A Brazos Valley, and Cororado Springs A Cripple Creek District and other affiliated roads; after June
1906 Trinity A Brazos
Valley Is again excluded, and comparative figures for previous year have been revised to bring them to the same basis; prior to Oct. 1904 figures are simply the 00ma
Approximate figures,
Atl&DtA
ta K noxvllle A
—
bined reman* of the
b These totals Include corrections made subsequent to the appearance
Northern
Railway since
the
1904. ‘ d Includes
"
‘
_
~
” first, week In April
_
____
_
Colorado A Southern and the Fort Worth
A Denver City
trans-Missouri lines for
all the years.
_
(82
INDEX.
INDEX TO
Adirondack
>
Alabama Central
Alabama Midland
American Hell Telephone
American Biscuit Sc Mfg
American Bridge
American Dock & Improvement
American Sheet Steel
American Spirits Manufacturing
American Steel Casting
American Steel Hoop
American Steel Sc Wire
American Tin Plate
Aroostook County
Ashtabula & Pittsburg
Atchison Sc Nebraska
Atlanta Knoxville & Northern
Atlantic Sc Birmingham.
Atlantic Sc Northwest
Austin <fc Northwestern
—
..
__
Battle Creek &
Sturgis
Bay City Sc Battle Creek
Beech Creek Coal & Coke
Bell’s Gap
Bennington <fc Rutland
Bertram (John) Sc Sons
Big Sandy
Binghamton Gas Works
Birmingham Belt
Birmingham Equipment
Boonville Bridge
Boston Clin. Fitch. Sc New Bed
Boston Sc New York Air Line
Boston Rubber Shoe
Boyer Valley
Brooklyn & Montauk
Brooklyn & New York Ferry
Brunswick & Western
Buffalo Sc Southwestern
Buffalo Terminal Association
Bullock Electric Manufacturing
Will Be Found under—
Delaware Sc Hudson.
Southern Railway Co.
Atlantic Coast Line RR.
American Telephone Sc Telegraph.
National Biscuit.
United States Steel Corporation.
Central of New Jersey.
United States Steel
Corporation.
Distilling Co. of America.
American Steel Foundries.
United States Steel Corporation.
United States Steel
United States Steel
Corporation.
Corporation.
Bangor & Aroostook.
Pittsburg Youngstown & Ashtabula.
Chicago Burlington & Quincy.
Louisville & Nashville.
Atlanta Birmingham Sc Atlantic.
Canadian Pacific.
Houston & Texas Central.
Lake Shore & Michigan Southern.
Michigan Central.
..Pennsylvania Coal & Coke.
Cambria Sc Clearfield. '
Rutland RR.
Niles-Bement-Pond.
Chesapeake Sc Ohio.
American Light & Traction.
St. Louis Sc San Francisco.
Kansas City Memp. Sc Birmingham.
Missouri Kansas Sc Texas.
Old Colony.
New York New Haven Sc Hartford.
United States Rubber (Miscel. Co’s)
Chicago Sc North Western.
Long Island.
.Brooklyn Ferry.
Atlantic Coast Line RR.
..Erie RR.
Wabash RR.
Allis Chalmers Co.
Burlington Cedar Rap. Sc Northern.Chicago Rock Island Sc Pacific.
Burlington & Missouri River
.Chicago Burlington & Quincy.
California Northwestern
California Sc Oregon
California Pacific
Calumet Gas
Camden & Atlantic
Canada Central
^
West Jersey Sc Sea Shore.
Canadian Pacific.
Carnegie Co
United States Steel Corporation.
Northwestern Pacific.
Central Pacific.
Southern Pacific RR.
People’s Gas Light Sc Coke.
Carolina Central
.Seaboard Air Line.
Cedar Falls Sc Minnesota
..Dubuque <fc Sioux City.
Cedar Rapids Iowa Falls Sc N W...Chicago Rock Island & Pacific.
Cedar Rapids Sc Missouri River ...Chicago Sc North Western.
Central Branch Union Pacific
Central Branch.
Central California Electric
South Yuba Water.
Central Counties
Canada Atlantic.
Central of Ga. RR. & Banking
Central of Ga. Ry.
Central Ohio
Baltimore Sc Ohio.
Central Texas Sc Northwestern
Houston .Sc Texas Central.
Central Union Gas
New Amsterdam Gas.
Charleston Sc Savannah
...Atlantic Coast Line RR.
Charlotte Columbia Sc Augusta
Southern Railway.
Charlottesville & Rapidan
Southern Railway.
Delaware & Hudson.
Chateaugay Ore Sc Iron
Chatham & Lebanon Valley
Rutland RR.
Chattanooga Rome Sc Southern ...Southern Railway.
Chicago & Atlantic
Chicago & Erie.
Chicago Burlington & Northern ...Chicago Burlington Sc Quincy.
Chicago Cincinnati & Louisville.
Chicago Sc Cincinnati
Chicago Subway.
Chicago Dock
Chicago Gas
People’s Gas L. & Coke.
Chicago Gas Light & Coke
People’s Gas L. & C. (Miscel. Co’s).
Grand Trunk Western.
Chicago Sc Grand Trunk
Chciago Terminal Transfer RR.
Chicago Sc Great Western
Chicago Junction.
Chicago Hammond Sc Western
Chicago Sc Indiana Coal
Chicago Sc Eastern Illinois.
Chicago Ind. Sc St. Louis Short Line.Cleveland Cin. Chic. & St. Louis.
Pere Marquette.
Chicago & North Michigan
Chicago Terminal Transfer.
Chicago Sc Northern Pacific
Chicago & Ohio River
.*
Cincinnati Indianapolis Sc Western.
Chicago & Pacific
Chicago Milwaukee Sc St. Paul.
Chicago Santa Fe Sc California.
See Atchison System, Apr., '96, Sup.
Atchison Topeka Sc Santa Fe.
Chicago Sc St. Louis.
Chicago St. Louis & New Orleans ..Illinois Central.
Chicago St. Louis & Pittsburg
Pittsb’rg Cincinnati Chicago Sc St. L.
Chicago St. Paul & Minneapolis
Chicago St. Paul Minn. Sc Omaha.
Chicago Southern
Southern Indiana.
Chicago Wisconsin Sc Minnesota ...Wisconsin Central.
Choctaw & Memphis...
Chicago Rock Island Sc Pacific.
Choctaw Oklahoma & Gulf
Chicago Rock Island & Pacific.
Cincinnati Hamilton Sc Indianap
Cincinnati Indianapolis Sc Western.
Cinicnnati Ind. St. Louis Sc Chicago Cleveland Cin. Chic. Sc St. Louis.
Cincinnati <fc Indiana Western
Chicago Cincinnati Sc Louisville.
Cincinnati Richmond Sc Muncie
Chicago Cincinnati Sc Louisville.
Cincinnati Sanduskv & Cleveland ..Cleveland Cin. Chic. Sc St. Louis.
Cincinnati Southern
Cincinnati New Orleans Sc Tex. Pac.
Cincinnati Wabash Sc Michigan
Cleveland Cin. Chic. Sc St. Louis.
Clairton Steel
United States Steel Corporation.
Clearfield Bituminous Coal
Beech Creek.
Clearfield & Jefferson
Cambria Sc Clearfield.
Cleveland Columbus Cin. Sc Ind. ...Cleveland Cin. Chic. Sc St. Louis.
Cleveland Lorain Sc Wheeling
Baltimore & Ohio.
Cleveland Ferminal & Valley
Baltimore & Ohio.
Coal Sc Iron Rv.
Western Maryland.
Coal River Sc Western
Chesapeake Sc Ohio.
Colorado Bridge
International Sc Great Northern.
Colorado Industrial Co.
Colorado Fuel Sc Iron.
Columbia & Greenville
..Southern Railway.
Columbian El. Car Light. Sc Brake ..Consol. Ry. El. Lighting Sc Equip.
Columbia Sc St. Louis
Wabash.
Columbus Connecting * Terminal ..Norfolk & Western.
Columbus Sc Hocking Valley
.Hocking Valley.
Columbus Sc Indianapolis Central ..Pittsb. Cincinnati Chic. Sc St. Louis.
Columbus Sc Toledo
1 Hocking Valley.
Commercial Union Telegraph
Commercial Cable.
Consolidated Gas Co. of Balt
Consol. Gas, Elec. Light Sc Power.
Consolidated Tee
American Ice.
Consolidated Indiana Coal
Chicago Rock Island Sc Pacific.
Consol.Kan. City Smelt’g Sc Refin’g.American Smelting Sc Refining.
Consolidated Real Estate
Lehigh Valley.
Consolidated Stone
Chic. Indian. Sc Louisville.
Consumers’ Gas
People’s Gas L. Sc C. (Miscel. Co’s).
Continental Coal
Hocking Valley.
Continental Tobacco
American Tohacco.
Current River
Kansas City Fort Scott Sc Memphis.
I.XXXIV.
COMPANIES—CONSOLIDATED, &c.
Companies not given in the tables in their alphabetical order
Name.
[ VOL.
be found by reference to the index below.
may
Name.
Will Be Found Under—
Dakota Central
Dakota Sc Great Southern
Dallas Sc Waco
Chicago & North Western.
Chicago Milwaukee Sc St. Paul.
Missouri Kansas Sc Texas.
New York New Haven Sc Hartofrd.
Danbury Sc Norwalk
Danville Sc Grape Creek
.Chicago Sc East. Illinois.
De Bardeleben Coal & Iron
Tennessee Coal Sc Iron (Miscel.
Delano Land
Lehigh Valley.
Denver Consolidated Gas
Denver Gas Sc Electric.
Des Moines Sc Minnesota
Chicago Sc North Western.
Detroit Grand Rapids Sc Western ..Pere Marquette.
Detroit & Lima Northern
Detroit Southern.
Detroit Mackinac Sc Marquette
See Miscellaneous Companies.
Detroit River Tunnel
Michigan Central.
Detroit Southern
Detroit Toledo Sc Ironton.
Dutulh Short Line
Northern Pacific.
Durham Sc Northern
Seaboard Air Line.
—
East River Gas
New Amsterdam Gas.
Southern Railway.
East Tenn. Va. Sc Ga.
Eastern Equipment
Pere Marquette.
Eastern Michigan Edison
..Detroit Edison.
Eastern of Minnesota
Great Northern.
Easton & Amboy—Easton Sc North.Lehigh Valley.
Edison Elec. Ill. of Brooklyn
Kings Co. Elec. Light Sc Power.
Edison Electric Light & Power
San Francisco Gas Sc Electric.'
•
Edison Elec. Ill. of N. Y.
Consolidated Gas Co. of New York.
Electric Axle Light Sc Power
Consol. Ry. Elec. Light’g Sc Equip.
Ellwood’Short Line
Baltimore Sc Ohio.
*
El Paso <fc Northeastern RR
El Paso Sc Northeastern Co.
•
-1
-
-
•
•
Equitable Gas Light & Fuel
Equitable Gas Light Co. (N. Y.)
People’s Gas L. & C. (Miscel. Co’s).
New'Amsterdam Gas.
Erie & Jersey
Erie IIR.
Erie Sc Kalamazoo
Lake Shore Sc Michigan Southern.
Erie Sc Western Transportation Co..Pennsylvania 11R.
Eureka Springs
St. Louis & North Arkansas.
European & North American
.Maine Central.
Evansville Henderson Sc Nashville..Louisville & Nashville.
Evansville Terre Haute Sc Chicago..Chicago & Eastern Illinois.
Fargo Sc Southern
__
Federal Steel
Flint Sc Pere Marquette
Florida Central Sc Peninsular
Florida Southern
Chicago Milwaukee & St. Paul.
United States Steel Corporation.
Pere Marquette.
Seaboard Air Line Ry.
..Savannah Florida Sc Western.
Fort Smith & Van Buren Bridge
St. Louis & San Francisco.
Fort Worth & New Orleans
Houston & Texas Central.
Worth
Fort
& Rio Grande
St. Louis Sc San Francisco.
Fremont Elkhorn & Missouri Valley.Chicago & North Western.
Gainesville & Gulf.
Galveston Houst. & Nor
General Rubber
Georgia & Alabama
Georgia Carolina & Northern
Georgia Pacific
Tampa Sc Jacksonville.
Galveston Har. Sc San Antonio.
United States Rubber.
Seaboard Air Line Rv.
.Seaboard Air Line Ry.
Southern Railway.
American Light Sc Traction.
Grand Rapids Gas Light
Grand Rap. Kalk. Sc Southeastern..Pere Marquette.
Grand River Valley
Michigan Central.
Gray's Point Terminal
St. Louis Southwestern.
Great Northern Ry. of Canada
Canadian Northern Quebec.
Green Bay Winona Sc St. Paul
Green Bay & Western.
Gulf Sc Chicago
Mobile Jackson & Kansas City.
Hancock Sc Calumet..
Mineral Range.
Hannibal & St. Joseph
Chicago Burlington Sc Quincy.
Harlem River Sc Portchester
New York New Haven Sc Hartford.
Hastings & Dakota
Chicago Milwaukee Sc St. Paul.
Henderson Bridge
Hereford.
Hoboken Ferry
Louisville Sc Nashville.
Maine Central.
N. Y. & Hobok. Ferrv (Miscel. Co’s).
Holly Manufacturing Co
Hoosier Equipment
Housatonic
Hudson Coal
Huntington Sc Big Sandy
Hutchinson & Southern.—
Illinois Tunnel
Imperial Rolling Stock
Indiana Bloomington & Western
International Steam Pump Co.
Cincinnati Richmond & Muncie.
.New York New Haven & Hartford.
Delaware Sc Hudson Co.
Ohio River.
..Atchison Topeka Sc Santa Fe.
Chicago Subway.
Canadian Northern.
..Peoria Sc Eastern.
Indiana Illinois Sc Iowa.
Chicago Indiana & Southern.
Indianapolis Cin. Sc Lafayette
Cleveland Cin. Chic. & St. Louis.
Indianapolis Decatur Sc Western ...Cincinnati Indianapolis Sc Western.
Indianapolis & Louisville
Chicago Indianapo. & Louisville.
Indianapolis & St. Louis
.Cleveland Cin. Chic. Sc St. Louis.
Indianapolis & Vincennes
Vandalia RR.
International Navigation
International Mercantile Marine.
Iowa Sc Dakota
Chicago Milwaukee & St. Paul.
Iowa Falls Sc Sioux City
Dubuque Sc Sioux City.
Iowa Minnesota Sc Northwestern
Chicago Sc North Western.
Jackson Lansing Sc Saginaw
Jefferson Madison Sc Indianapolis
Johnson Co. of Pennsylvania
Joliet Sc Chicago
Junction Sc Breakwater
Michigan Central.
Pittsburg Cincinnati Chic. & St. L.
United States Steel Corporation.
Chicago Sc Alton.
Delaware Maryland Sc Virginia.
Kalamazoo Allegan Sc Gr. Rapids
Lake Shore Sc Michigan Southern.
Kalamazoo <fe White Pigeon
Lake Shore Sc Michigan Southern.
Kanawha Sc Hocking Coal & Coke..Hocking Valiev.
Kankakee Sc Southwestern
Illinois Central.
Kansas City Fort Scott Sc Gulf
Kansas City Fort Scott Sc Memphis.
Kansas City Sc Memphis Ry. Bridge.Kansas City Fort Scott Sc
Memphis.
Kansas City Sc Pacific
Missouri Kansas Sc Texas.
Kansas City Pitts. & Gulf
Kansas City Sc Southern.
Kansas City St. Louis Sc Chicago ..Chicago Sc Alton.
Kansas City & Missouri
Kansas City Ft. Scott Sc Memphis.
Kansas Pacific
Union Pacific.
..Louisville Sc Nashville.
Kentucky Central
..
Kentucky Distilleries Sc Warehouse .Distilling Co. of America.
Knox & Lincoln
Maine Central.
Lake Erie & Detroit River
Pere Marquette.
Lake Superior Consol. Iron Mines..United States Steel Corporation.
Lamson Consol. Store Service
American Pneumatic Service.
Leamington Sc St. Clair
Canada Southern.
Lehigh & Delaware
Lehigh Sc New England.
Lehigh Sc New York
Lehigh & Susquehanna
Lehigh Sc W'ilkesbarre Coal
Leroy Sc Caney Valley
Lexington Sc Frankfort
Lehigh Valley.
..Lehigh Coal Sc Navigation (Miscel.)
Central RR. of New Jersey.
Missouri Pacific.
Louisville & Nashv’le (L. C. Sc Lex.
1 International Mercantile Marine.
Lincoln & Northwestern
Chicago Burlington Sc Quincy.
Lincoln Park Sc Charlotte
Buffalo Rochester Sc Pittsburg.
Lindsay Bobcaygeon Sc Pontypool..Canadian Pacific.
Little Rock Bridge
Chicago Rock Island Sc Pacific.
LittleRock Jet.—LittleR.&Ft.SmithMissouri Pacific.
Locomo. Sc Mach. Co. of Montreal..See American Locomotive Co.
Long Dock Company
Erie RR.
Leyland Line
Ape., 1007.
Will Be Found Under—
Name.
Island City & Flushing
Long Island.
Island Electrical Companies..Long Island.
Lorain A West Virginia
Wheeling A Lake
Chicago A Alton.
Louisiana & Missouri River
Long
Long
Erie
Louisville Cincinnati A Lexington..Louisville & Nashville.
Louisville & Frankfort
Louisville & Nashv.—L. C. A Lex
Louisville & Nashville Terminal
Louisville & Nashville.
Louisville New Albany & Chicago._Chicago Indianapolis & Louisville.
Louisville New Orleans A Texas
Illinois Central (Yazoo & M. V.)
...
Southern Railway.
Louisville Southern
Madison Gas & Electric
American Light A Traction.
Mahoning Coal
Lake Shore A Michigan So. System.
Manitoba Southwest’n Colonization.Canadian Pacific.
Mankato A New Ulm
Chicago & North Western.
Maricopa & Phoenix
Maricopa A Phoenix A Salt Riv. Val.
Marietta & North Georgia
Atlanta Knoxville & Northern.
Marquette & Bessemer Dock A Nav.Pere Marquette.
Marquette Houghton A Ontonagon. Duluth South Shore A Atlantic.
Maryland & Pennsylvania.
Connecticut & Passumpsic.
Maysville A Lexington
Kentucky Central.—Louis. A Nash.
McKeesport A Belle Vernon
Pittsb.McKeesport A Youghiogheny
Memphis A Charleston
Southern Railway.
Merchants’ Bridge
St. Louis Merch’ts* Bridge Ter RR.
Manhattan Elevated.
Metropolitan Elevated
Mexican Eastern
Interoceanic of Mexico.
Lake Superior Corporation.
Michigan Lake Superior
Midland of New Jersey
New York Susquehanna A Western.
Cripple Creek Central.
Midland Terminal
Milwaukee A Lake Winnebago
Wisconsin Central.
Milwaukee Lake Shore A Western..Chicago & North Western.
Milwaukee & Northern
Chicago Milwaukee & St. Paul.
Minneapolis A Pacific
Minneap. St. P. & Sault Ste Marie.
Minneap. Sault Ste. Marie & Atl’tic.Minneap. St. P. & Sault Ste Marie.
Minneapolis Union, Minn. Western.Great Northern.
Minnesota Dakota A Pacific
Minneapolis A St. Louis.
Minnesota A Iowa
Chicago A North Western.
Minnesota & South Dakota
Chicago & North Western.
Mississippi River Bridge
Chicago A Alton.
Missouri Kansas & Eastern
Missouri Kansas A Texas.
Missouri Kansas & Texas.
Missouri Kansas & Oklahoma
Missouri & Western
St. Louis A San Francisco
Mobile A Bay Shore
Mobile & Ohio.
Monongahela River RR.
Baltimore A Ohio.
Chicago Indianapolis A Louisville.
“Monon Route”
Maryland A Pennsyl. Terminal
Massawippi
Montana Central
Montreal Warehousing^
Montauk Extension RR
Morris Canal
Mount Morris Electric Light
Mt. Vernon Woodberry Cot.
Mutual Fuel Gas
Great Northern.
Grand Trunk.
Long Island.
—
Lehigh Valley.
Consolidated Gas of New York.
Duck..Consolidated Cotton Duck
People’s Gas Light A Coke.
A Sheffield
Louisville A Nashville.
Nashville Florence
National Starch
National Steel
Nebraska
New Amsterdam Gas
New Brunswick
New England
Newburg A New York
New Haven A Derby
New Mexico Ry. & Coal
New Orleans Mobile A Texas
Newport A Cincinnati Bridge
Newport A Richford
New York Bay Extension
Corn Products.
United States Steel Corporation.
Chicago Burlington A Quincy
Consolidated Gas of New York
Canadian Pacific.
New York New Haven A Hartford.
Erie RR.
New York New Haven & Hartford.
El Paso. A Northeastern Co.
Louis. A Nash. (N. O. A Mobile Div)
Louisville & Nashville.
Connecticut A Passumpsic.
Long Island.
New York Biscuit
National Biscuit.
New York Elevated
..Manhattan Elevated.
Erie RR.
New York & Erie
New York Fire Protection
American Dist. Tel. Co. of N. J.
N. Y. Gas Elec. Lt. Heat A Power..Consolidated Gas of New York.
New York Glucose
.Corn Products.
New York Lake Erie A Western
Erie RR.
New York Mutual Gas
Consolidated Gas of New York.
New York A N. Eng. Bost. Term..New York New Haven & Hartford.
New York & Northern
New York & Putnam.
New York Pennsylvania & Ohio
Erie
New York Providence & Boston
New York New Haven & Hartford.
N. Y. & Queens Gas A Electric
N. Y. A Queens Elec. Lt. A Power.
New York A Rockaway
Long Island.
New York Texas & Mexican
..Galveston Har. A San Antonio.
New York A Wilkesbarre Coal
New York Susquehanna & Western.
Niles-Bement-Pond Co.
Niles Tool Works Co
RR.
Nodaway Valley
Chicago Burlington A Quincy.
Norfolk A Carolina
Atlantic Coast Line RR.
Norfolk Terminal A Transportat’n..Chesapeake A Ohio.
North Shore, California
Northwestern Pacific.
Northampton
Lehigh A New England.
Northeastern Cuba
Northeastern RR. of So. Carolina
Northern Illinois
North Pacific Coast
North Wisconsin
Northern California
Northern Maine Seaport
Northern Pacific Coast
Northern Ry. of Costa Rica
Northwestern Grand Trunk
Northwestern Union
Cuba Eastern.
Atlantic Coast Line RR.
Chicago A North Western.
Northwestern Pacific.
Chic. St. Paul Minn. A Omaha.
Southern Pacific RR.
Bangor A Aroostook.
Northwestern Pacific.
Steamship
Ogden Gas
Ogdensburg A Lake Champlain
Ogdensburg Terminal
Ohio Indiana A Western
Ohio A Little Kanawha
Central of Georgia Ry.
Ocean
Ohio River
Ohio Southern
Ohio A West Virginia
Omaha A Grant Smelting.
Ontario A Quebec
Oswego A Rome
Ottumwa Cedar Falls A St. Paul
Ozark Equipment.
Pembroke Southern
Penn .-Maryland Coal
Pennsylvania A N. Y. Canal
Pennsylvania A Northwestern
Penobscot Shore Line
Pensacola A Atlantic
Peoria A Northwestern
United Fruit (Miscel. Companies).
Grand Trunk Western.
Chicago A North Western.
People's Gas Light A Coke.
Rutland RR.
.Rutland RR.
Peoria A Eastern.
Baltimore A Ohio.
Baltimore A Ohio.
Detroit Toledo A Ironton.
..Hocking Valley.
American Smelting A Refining.
Philadelphia A Reading
Piedmont A Cumberland
Pine Bluff A Western
Pittsburg Cleveland A Toledo
Pittsburg Junction
Pittsburg Newcastle A Lake Erie
Pittsburg Shenango A Lake Erie
Pittsburgh Virginia A Charleston
Pittsburg A Western
Will Be Found Under—
Name.
Pleasant Hill A De Soto
Kansas City Clinton A Springfield.
Pleasant Valley Coal
Denver A Rio Grande.
Portland A Ogdensburg
Maine Central.
Portland A Rochester
Boston A Maine.
Portsmouth Great Falla A Conway..Boston A Maine.
Postal Telegraph Cable
Mackay Companies.
Potomac Valley
Western Maryland.
..Republic Iron A Steel.
Potter Ore
Pratt A Whitney
Niles-Bement-Pond Co.
Prescott A Eastern
Santa Fe Prescott A Phoenix.
Princeton A Northwestern
Chicago A North Western.
Providence A Springfield
New York New Haven A Hartford.
Providence Terminal
New York New Haven A Hartford
Quakertown A Eastern
Pennsylvania Eastern.
Qu’Appelle L’g La’e A Sask.
Canadian Northern
Raleigh A Augusta
Ral. A Gaston Seaboard Air Line.
Ravenswood Spencer A Glenville
Ohio River.
..Chicago Burlington A Quincy.
Republican Valley
Richmond A Danville
Southern Railway.
Atlantic Coast Line RR.
Richmond A Petersburg
Southern Railway.
Richmond York River A Ches
Rio Grande Western
Denver A Rio Grande.
.
River Front
Rochester A Pittsburg
Rock Island Ark. A Louisiana
Rumford Falls A Rangeley Lakes
Pennsylvania.
Buffalo Rochester A Pittsburg.
Chicago Rock Island A Pacific.
..Portland A Rumford Falls.
Rutland
Rutland RR.
St. Charles Bridge
Wabash.
St. Clair Madison A St. Louis Belt..Missouri A Illinois Bridge A Belt.
United States Steel Corporation.St. Clair Steel
St. Clair Terminal RR
United States Steel Corporation.
St. Joseph Gas
American Light A Traction.
St. Lawrence A Ottawa
Canadian Pacific.
St. Louis Bridge
Terminal Association of St. Louis.
St. Louis Council Bluffs A Omaha..Wabash.
St. Louis Iron Mount’n A Southern. Missouri Pacific System.
St. Louis Southern
Illinois Central System.
St. Louis Wichita A Western
St. Louis A San Francisco.
“St. Paul”
Chicago Milwaukee A St. Paul.
St. Paul A Duluth
..Northern Pacific.
St. Paul Gaslight
American Light A Traction.
St. Paul Minneapolis A Manitoba
Great Northern.
St. Paul A Sioux City bonds
.-.Chic. St. Paul Minn. A Omaha.
St. Paul Stillwater A T. F
Chic. St. Paul Minn. A Omaha.
Sandusky Mansfield A Newark
Baltimore A Ohio.
San Francisco A Northwestern
Northwestern Pacific.
San Francisco A San Joaquin Val...Atchison Topeka A Santa Fe.
Saranac A Lake Placid
Chateaugav A Lake Placid.
Sault Ste. Marie A Southwestern
Chic. St. Paul Minneap. A Omaha.
Savannah Florida A Western
Atlantic Coast Line RR.
Schenectady A Duanesburg
Delaware A Hudson.
Schuylkill River East Side
Baltimore A Ohio.
Scioto Valley A New England
Norfolk A Western.
Rutland-Canadian
Rutland Transit.-.
.
Seaboard Air Line.
Seaboard A Roanoke
Sea Coast.
Sherman Shreveport A
Shore Line
Atlantic City.
Southern. ..Missouri Kansas A Texas.
New York New Haven A Hartford.
Shreveport Bridge A Terminal
St. Louis Southwestern.
Silver Springs Ocala A Gulf
Atlantic Coast Line RII.
Sioux City A Pacific
Chicago A North Western.
Sodus Bay A Southern
..Elmira A Lake Ontario.
South Carolina A Georgia
Southern Ry., Carolina Division.
South Platte Canal A Reservoir
Denver Union Water.
Louisville A Nashville.
Southeastern A St. Louis
Chicago A North Western.
Southern Iowa
Southern Minnesota
Chicago Milwaukee A St. Paul.
Southern Pacific Branch
Southern Pacific of California.
Southwest Pennsylvania.
Pennsylvania.
Southern Ry., Carolina Division.
Spartanburg Union A Columbia
Spokane Falls A Northern
Great Northern.
Springfield Union Depot
Cleveland Cin. Chic. A St. Louis.
Standard Gas
..Consolidated Gas.
Sturgis Goshen A St. Louis
Lake Shore A Michigan Southern.
Norfolk A Southern
Suffolk A Carolina
Sugar Trust
American Sugar Refining.
Sumter A Wateree
Southern Ry., Carolina Division
Sunbury Hazleton A Wilkes-Barre.Pennsylvania.
Sunbury A Lewiston
Pennsylvania.
Taylor’s Falls A Lake Superior
Tarkio Valley
Terre Haute A Indianapolis
Terre Haute A Logansport
Terre Haute A Southeastern
Northern Pacific.
Chicago Burlington A Quincy.
Vandalia RR.
Vandalia RR.
Evansville A Indianapolis.
Texas Mexican
National RR. of Mexico.
Texas A Oklahoma
Missouri Kansas A Texas.
Toledo Angola A Western
Toledo Ry. A Terminal.
Toledo Canada Southern A Detroit ..Michigan Central.
Toledo Riverside
Toledo Ry. A Terminal.
Toronto Grey A Bruce
Canadian Pacific.
Fitchburg.
Troy A Boston..
Tuunel Railroad of St. Louis
Terminal Ass’n of St. Louis.
United Elec. Light A Power, Balt...Consol. Gas Elec. Lt. A Power.
United Elec. Lt. A Power of N. Y._.Consolidated Gas.
United States Cordage
Standard Rope A Twine (Misc.Co’s).
United States Leather
Central Leather.
United States Sugar Refinery .:.
National Starch.
—
Maine Central.
Upper Coos
Utah Central
Uath Fuel
Utah A Northern
Utica A Black River
Denver A Rio Grande.
Denver A Rio Grande.
Oregon Short Line.
Rome Watertown A Ogdensburg.
Verdigris Val. Independ’ce A West .Missouri Pacific.
Valley
Connecticut River.
Alabama A Vicksburg.
Southern Ry
Virginia A Southwestern
Waco A Northwestern
Houston A Texas Central Railway,
West’ghouse El. A Man.(Misc.Co’s).
Walker Co...
Vermont
Vicksburg A Meridian
Canadian Pacific.
Rome Watertown A Ogdensburg.
Warwick
Kansas City Ft. Scott A Memphis.
Valley
Washington
Ohio A Western
Lehigh A Hudson River.
Southern Ry.
Chicago A North Western.
Webster Coal A Coke
Pennsylvaina Coal A Coke.
Wellington Grey A Bruce
West River
West Va. Cent. A Pittsburgh
Western Equipment
Western Minnesota
Western North Carolina
Western Pennsylvania
West Jersey
West Virginia A Pittsburg
Grand Trunk.
Canada Atlantic.
Pennsylvania Steel.
Lehigh Valley.
Cambria A Clearfield.
Maine Central.
Louisville A Nashville.
Chicago A North Western.
Petersburg
Atlantic Coast Line
Phila. Germant’n A Chestnut Hill..Connecting Ry.
183
INDEX
|
RR.
Reading Company.
Western Maryland.
St. Louis Iron Mount. A Southern.
Baltimore A Ohio.
Baltimore A Ohio.
Baltimore A Ohio.
Pittsburg Bessemer A Lake Erie.
Pennsylvania.
Baltimore A Ohio.
Wilkes-Barre A Eastern.
Willmar A Sioux Falls
New London Northern.
Western Maryland.
Pere Marquette.
Northern Pacific.
Southern Railway.
Pennsylvania.
West Jersey A Seashore.
Baltimore A Ohio.
N. Y. Susquehanna A Western.
Great Northern.
Wilmington Columbia A Augusta
Atlantic Coast Line RR.
Wilm. A Weldon—Wilm.A NewbemAtlantic Coast Line RR.
Winona A St. Peter
Chicago A North Western.
Wisconsin Valley
Chicago Milwaukee A St. Paul.
Wood Worsted Mill
Corporation
Worthington, Henry R. Co
York A Peach Bottom
Yosemite Short Line
American Woolen.
International Steam Pump Co.' *
Maryland A Pennsylvania.
Sierra Ry. of California.
184
\
Fversz & Company
37 PINE STREET
NEW YORK
220 LA SALLE ST.
CHICAGO
RAILROAD BONDS
Marshall, Spader & Company
74
BROADWAY
AND
NEW
WALDORF-ASTORIA,
YORK.
MEMBERS
NEW YORK STOCK
NEW YORK COFFEE EXCHANGE,
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EXCHANGE,
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PHILADELPHIA STOCK EXCHANGE.
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HOTEL
OFFICES'.
BELLEVUE-STRATFORD,
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TRUST
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PHILADELPHIA.
216 LA SALLE STREET
CHICACO, ILL.
Members:
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O. Brown & Co
30
Private
Wires to all
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Broad St'eer, New York.BRANCH OFFICES:
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2 Enst 44th
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St., N. Y.
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Williamsport, Pa.
Wilkes-Barre, Pa.
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Chicago, Ill,
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Railway Bonds and other Investment Securities
A
Specialty*
LEWIS & CO.,
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*
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ISSUES
CHOICE
STREET RAILWAY AND
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Bonds.
OF
GAS COMPANIES.
APPLICATION.
PHILADELPHIA
NEW YORK
E. D. SHEPARD & CO.
LONDON.
BOSTON
Hand-Book of
Railroad Securities.
JANUARY, 1907, EDITION.
Earnings, Dividends and Prices for a series ot years.
$1.00.
Price,
To Subscribers of the
WILLIAM
Pine Street, cor.
B.
Chronicle,
DANA
Pearl Street,
-
Publishers,
NEW YORK.
-
company,
MEMBERS OF NEW TOSZ STOCK
-
T5 cents.
COMPANY,
t. a mcintyre &
71 BROADWAY,
-
-
EXCHANGE,
NEW YORK.
United States Government Bonds.
INVESTMENT SECURITIES.
GUARANTEED STOCKS.
Warren L. Green, President
D
£ Woodhull, Vice-President
Joseph Fleming, Vice-President
Chas. L. Lee, Treasuer
Frank K
Johnson, Secretary
ssez
AMERICAN BANK NOTE COMPANY
78
to
86 TRINITY
PLACE, NEW YORK
BUSINESS FOUNDED
1795
ENGRAVERS AND PRINTERS OF BONDS AND STOCK CERTIFICATES
t
l
And all other documents
requiring security; Bank Notes, Bonds, Postage and Revenue
Stamps for Foreign Governments; Drafts, Checks, Bills of Exchange, Letter
Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and
prevent
counterfeiting.
most
Special
artistic
papers
style from steel plates, with special safeguards to
manufactured exclusively for use of this Company.
SAFETY COLORS
^
SAFETY PAPERS
WORK EXECUTED IN FIRE-PROOF BUILDINGS
RAILWAY PRINTING OF ALL DESCRIPTIONS
i
Railway Tickets, Maps, Folders and illuminated Show Cards of the most
approved styles.
Numbered, Local and Coupon Tickets of any size, pattern,
style or device, with steel plate tints.
•:
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
i
Warren L. Green, President
D. £ Woodhull, Vice-President
Joseph
Fleming, Vice-President
Ch>s. L. Lee, Treasuer
Frank K
AMERICAN BANK
78
to
Johnson, Secretary
NOTE COMPANY
86 TRINITY PLACE, NEW
YORK
BUSINESS FOUNDED 1796
CERTIFICATES
security; Bank Notes, Bonds, Postage and Revenue
Drafts, Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVERS AND PRINTERS OF BONDS AND STOCK
requiring
Stamps for Foreign Governments;
And all other documents
ENGRAVING AND PRINTING
style from steel plates, with special safeguards to
Special papers manufactured exclusively for use of this Company.
Executed in the finest and most artistic
prevent counterfeiting.
SAFETY COLORS
^ SAFETY PAPERS
WORK EXECUTED IN FIRE-PROOF BUILDINQ8
RAILWAY PRINTING OF ALL
DESCRIPTIONS
Railway Tickets, Maps, Folders and illuminated Show Cards of the most approved styles.
Numbered, Local and Coupon Tickets of any size, pattern, style or device, with steel plate tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL
KINDS
@FedFRASER