The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
The Investors'
SUPPLEMENT
OF THE
C
Q hronicle.
ommercial & {F inancial
GENERAL INDEX.
Page.
EDITORIAL ARTICLES-
ENLARGING YARD AND TERMINAL FACILITIEr
THE EFFICIENCY OF BALLASTING
RAILWAY SAFETY APPLIANCES
ECONOMICAL SPEED EFFICIENCY
A NEW FORM OF CAR TRUST
INDEX TO RAILROAD COMPANIES CONSOLIDATED,
STEAM RAILROADS
-
4
5
7
8
Etc.
-
MISCELLANEOUS COMPANIES
GAS COMPANIES, (See also " Miscellaneous.")
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST CO'S
N. Y.
AND BROOKLYN FIRE INSURANCE
A.-prd.X
WILLIAM
B.
3
9
11
156
-
-
-
-
CO'S
175
-
175
-
-
175
-
175
28, 1900.
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEARL STREET,
[Entered according to Act of Congress in the year 1000, by William B.
NEW
Dan a Company, tn Office of
YORK.
Librarian of Congress, Washington,
1
JOHN
DAVIS &
H.
CO.,
BANKERS
AND
DEALERS
IN
MEMBERS OF
Buy and
Sell
HIGH-CLASS INVESTMENT SECURITIES.
NEW YORK AND PHILADELPHIA STOCK EXCHANGES.
Stocks on
all
exchanges
ON COMMISSION ONLY,
and carry Stocks and
Bonds on margin.
1
O
NEW YORK.
STREET,
^Vt^\JL,L
&
Brown Brothers
NEW YORK,
Co.,
PHILADELPHIA,
4th and Chestnut Sts.
59
BOSTON,
WALL STREET.
50 State St.
AND
BROWN &
ALEX.
SONS, Baltimore and
Oalvert
Sts.,
Baltimore.
ALL CONNECTED BY PRIVATE WIRE.
Members of the New York, Philadelphia and Baltimore Stock Exchanges.
Execute Orders on Commission
Securities.
for
Purchase and Sale of Stocks, Bonds, and
Exchange Bought and Sold.
Investment
all
Bills of
Commercial Letters of Credit and Travelers' Letters of Credit Issued, available In all parts of the 'World.
Collections made on all points} Telegraphic Transfers of Money made between this Country and Europe.
Deposit Accounts of American Banks, Bankers, Firms and Individuals received upon favorable terms.
Brown, Shipley &
Co..
&
J. S.
Founders' Court, Lothbury, E. C, London.
R. D.
FARLEE,
MEMBERS OF THE NEW YORK STOCK EXCHANGE,
NO.
WALL
11
STREET,
Brokers and Dealers
in
-
-
-
NEW
YORK.
Investment Bonds and Stocks.
STATE, MUNICIPAL,
AND APPROVED
RAILROAD BONDS,
On hand
for
Immediate Delivery, suitable
Conservative Investors.
JAMES WHITELY.
H.
CRUGER OAKLEY.
Savings Banks, Trust Funds and
Correspondence Solicited.
for
MAYNARD
C.
EYRE.
CHARLES
C.
other
HARRISON.
PRINCE & WHITELY,
15
All classes of
Bankers and Brokers,
NO. 32 BROADWAY, NEW YORK,
AND
CENTRE STREET, NEW HAVEN, CONN.
RAILWAY STOCKS,
also
Grain, Provisions, Petroleum and Cotton,
Bought and Sold on Commission.
SPECIAL ATTENTION GIVEN TO INVESTMENTS,
THE INVESTORS'
SUPPLEMENT
OF THE-
C
[Entered according to Act of Congress in the year 1900, by William B.
NEW
The
Q hronicle.
ommercial & [F inancial
Dana Compant, in the office of
YORK, APRIL
Librarian of Congress, Washington, D. C.
28, 1900.
made extensive improvements necessary iu recent
years. The Pennsylvania, Jersey Central, Erie and Lehigh Valley, have each spent heavy sums of late on their
New York terminal facilities, and the expenditures
The Delaware LackawanDa &
are by no means over.
Western is re-arranging its Hoboken terminals to enhas
Investors' Supplement.
The Investors' Supplement, issued quarterly, is furnished without
extra charge to every subscriber of the Commercial and financial
Chronicle.
The Quotation Supplement, issued monthly, is also furnished
without extra charge to every subscriber of the Chronicle.
The Street Railway Supplement, issued
semi-annually, is likewise
furnished without extra charge to every subscriber of the Chronicle.
The State and Crrr Supplement, issued semi-annually, is also
furnished without extra charge to every subscriber of the Chronicle.
Terms for the Chronicle, inoluding the four Supplements above
named, are Ten Dollars per year within the United States and Thirteen Dollars (which includes postage) in Europe.
WILLIAM
B.
DANA COMPANY,
Publishers,
Pine Street, Cor. Pearl Street,
New
York.
large their capacity,
and has been buying land
FACILITIES.
Those who follow the railroad news of the day must
at
New York
harbor for new freight
receiving stations. The Lehigh Valley has just leased
a valuable tract of land on the East River in New
York, to be utilized as a yard, so that a saving in
time may be made over the present method of loading
and unloading freight. The Philadelphia & Reading
is expending large sums in re-arranging its freight
terminals at Philadelphia, and the Baltimore & Ohio
is building immense new coal piers, warehouses, etc.,
other points on
at Baltimore, to give larger capacity for the
ENLARGING YARD AND TERMINAL
prompt
shipment of its traffic. These are but a few instances
of improvements of a similar nature which are likely
to grow more important in the future, as the need of
be struck with the activity of the railroads in providing new facilities for the movement of their traffic.
To the casual observer, this result may seem to be
providing for the heavier business of the railroads becomes still more imperative. Not many people recog-
power and
reductions of grades.
short time to improve the passenger terminals of the
railroads.
Millions of dollars have been thus spent in
means, of course.
a very few cities.
effected chiefly through additional motive
These are among the essential
Further study, however, will de-
velop the fact that railroad operating officers are very
generally enlarging the capacity of their yards and
terminals to meet the demands of a constantly increasing business.
It is not always the railroad with
the lowest grades and the heaviest or most ample
equipment that moves
Often this claim
its
most
traffic
may be made by
located
and ample yards and
which
resourceful in getting
is
a road with well
alert
its
promptly.
management,
cars over the road
promptly and then returned with
the least delay. A management which does this is
pretty sure to arrange to have a full equipment, but
to their destination
makes up as best it
can for much of the deficiency, which otherwise might
be serious. One important way in which this is done
if it is
]
not able to secure that,
it
by avoiding delays in yards. It may be noted,
however, that very few companies are not carrying
out, at some point along their lines, extensive additions to their yard facilities, or adding to their term-
is
inals.
This movement has been particularly noticeable at
New York, where it might be supposed that adequate
terminals were long ago provided. Growing business
nize
how much has been done within
a comparatively
Costly stations have been built at
Boston, Philadelphia, Indianapolis, Jersey City, Montreal; Columbus, Ohio; Albany, Portland, Maine; Port-
and many Western cities.
Frequently the most difficult problem in building
such new terminals has been the arrangement of the
terminal yards. These must be most carefully designed
to facilitate the movement of trains. The problem, however, is much more serious in designing freight yards.
In fact there have been few freight yards which have
seemed to thoroughly meet the conditions that have
had to be met. The situation of the land, its grades,
the shape of the plot, or some other matter, has often
hampered the design, so that freight yards which are
deemed thoroughly satisfactory and suitable as models
to be duplicated are very few.
Yet yards, as now laid
land, Oregon;
much better
purposes
than those of ten years ago as the freight cars which use
them. With all that, the theory of the proper design
of freight yards for given conditions has advanced
insufficiently.
Yet, as indicated above, it is one to
out, are almost as
which the railroads are forced
serious attention
in
business promptly.
order to
On many
fitted to their
and
enormous
to give increasing
move
their
roads the
movement
of
INVESTOKS' SUPPLEMENT.
I
Vol. LXX.
more dependent on the capacity of the perience of a road near New York, which found its
"Oar train service inadequate to the demands of the busiyards than on the amount of the equipment.
famines," of which so much is heard, are frequently ness, yet was limited by its existing terminals to the
the result of inability to make up trains in the yards number of trains it was then running. Careful study
and forward them, thus causing blockades and a de- of these tracks, however, showed that they could be
ficiency in the car supply.
It is not often that they re-arranged without great expenditure, and without
result through business being so pressing that cars enlarging the ground they covered, so that their
are in full and profitable use, and worked to their apparent limited capacity could be more than doubled.
utmost capacity. A railroad having yards of ample Such instances illustrate the intimate relation besize and well arranged, making it easy for cars to tween yard capacity and the development of traffic.
be quickly classified and forwarded to destination, or It is bringing railroad officers to see the necessity of
to the end of each of its divisions, is able to make up concentrating a good deal of attention upon the probIn lem of adjusting the capacity of divisional classificafor many other deficiencies in handling freight.
particular, it is able to vastly economize the use of tion and distributing yards, as well as those at terminals, to the needs of the expanding railroad traffic.
equipment.
Yard designing has not yet formulated any definite Some of the most interesting improvements now
freight
rules
is
of
invariable
practical
application.
It
has being carried out are along these
happened that a yard considered as theoret
ically correct has been a lamentable failure when
built.
The famous Edgehill yards of the London &
Northwestern, near Liverpool, are an excellent type
of admirably designed yards working well practically.
These are about the best known of recently built railroad yards; and while to the railroad officer the point
of chief interest in them may be the extent to which
lines.
often
the gravity system of switching cars is used with success, the non- technical observer will probably be
chiefly impressed
by their
mense impetus
States, and some
to
Since they were put
in operation some years ago, there has been an im-
The
size.
yard designing
in
of considerable size have
THE EFFICIENCY OF BALLASTING.
The
cost of ballasting absorbs a large share of the
heavy improvement expenditures made by the railroads
annually.
It is an item in railroad maintenance the
importance of which is generally recognized, aad is
assuming a greater share in railroad work each year.
The amount of new ballast put in the track is a conspicuous part of the record of betterments made by
every leading road. Besides the expenditure for new
ballast, there is a continual necessity for renewing old
Through the extension
new work and
the United
material.
been
these renewals, the expenditure on account of ballast
built.
indications are, however, lhat the railroads here
is
likely to
grow from year
are only entering upon the development of a great
problem. The rapid and enormous increase in railroad tonnage in the last few years has brought out
most clearly the need of providing every facility for
promptly moving tonnage. Additional equipment
requires larger and better arranged yards.
The larger
trains now hauled by the heavier motive power used
also demand a re-arrangement "of yards, and so from
many sides the railroad officers are being pressed to
devote their energies to this question as never be-
of
to year.
There is, however, another element working in the
same direction we refer to the tendency more evident
on the best roads to use a superior quality of ballast
where the traffic is at all heavy. A few years ago a
road well ballasted with gravel was considered in remarkably good condition, other things being equal.
Now, broken stone ballast is laid in the main tracks of
most of the leading Eastern roads, or at least on their
What this means in the way of
busiest sections.
added first cost may be in part appreciated by the
fore.
fact that a good gravel ballast is estimated at $1,000
The railroads must hold their traffic by reducing to $1,500 per mile, including surfacing, etc. Broken
the time of its transit. This does not necessarily stone ballast is estimated at from $2,500 to $3,000 per
mean increasing the speed of the trains. Indeed, a mile. These figures are only approximate and will
good deal of the tonnage and paesenger travel is car- vary greatly in different sections of the country but
ried at needlessly accelerated speeds.
But much time they sufficiently illustrate the relative cost of the two
;
;
can be saved in the movement of freight business,
especially by avoiding delays in transit.
In the progress of railroading, almost an infinite number of means
have been developed to this end which it would be
useless to specify.
The heavier motive power now
used, with the larger coal and water capacity of their
tenders, has permitted delays which were considerable
to be much minimized.
But with the use of all such
means the savings they effect seem outweighed by
those possible of attainment through the re-arrangement and enlargement of yards and terminals. Usually this involves costly work, but not in all cases.
The
reconstruction of the Grand Central Station in
New York
qualities.
How
considerable a part of the year's expenses the
cost of ballasting
is
may
generally be ascertained by a
brief examination of the annual reports of
most com-
hardly practicable to illustrate by mentioning specific instances, because the methods of
accounting on different roads vary so much. Some
idea, however, of the extent to which ballasting is
panies.
still
It is
carried on by the best maintained roads,
which
might be supposed to be limited largely to renewals,
may be illustrated by the work planned for this year
by the New York Central. That company, according to a recent statement,
will
use over 1,000,000
an illustration of how costly the re. cubic yards of new ballast in its tracks this year.
arrangement of terminals may be. That of the Penn- This may be assumed to be approximately equal to 330
sylvania at Jersey City, of the Reading at Philadel
miles, although the thickness of the ballast naturally
is
and the very recent instance of the construction regulates the number of miles a given quantity will
The Pennsylvania, it may be said, has a far
of the Southern Union Station at Boston, all exem- cover.
plify how heavy a burden has been put upon the rail- greater amount of stone ballast in its track than any
roads in late years to provide larger terminal facili- other road, but it is adding largely to the quantity
ties.
A different illustration is afforded by the ex- each year. It has recently undertaken to lay with
phia,
INVESTORS'
April 1900]
broken stone ballast the ninety miles of road between
Camden and Atlantic City, and a considerable portion
This action is of more than
of it is already done.
usual interest, because last year a considerable expenditure was made on this division in coating the roadway with oil to diminish the dust from the gravel
ballast.
This, it appears, was not sufficiently satisfactory in its results to induce the company to longer
postpone the more costly expenditure involved in
stone ballasting.
broken stone as balThe growing
last, where a company's finances permit the expenditure, is in considerable measure due to the constant
need of strengthening the track. The heavy motive
power and large capacity cars running heavily loaded
at high speed impose a tremendous strain on the roadMany companies have found their tracks so
beds.
badly damaged after a short use of new heavy equipment that it has had to be withdrawn from service
until the track could be materially strengthened.
Even on the roads where the track expenditures have
been most lavish in order to gain a substantial bed,
the strength of the roadway has not been very much
greater than has been r» quisite to withstand the demands upon it by the heavy loads moving over it. As
a matter of fact, it is the question of the stability
of the track which now largely limits the loads that
the railroads must carry. Some time ago the strength
of the bridges determined this point on a number of
roads.
Eailroad biidge work, however, has been so
generally rebuilt that it has been possible to put in
new structures planned for greatly increased loads
over those now carried.
Mechanical engineers profess
their ability to build motive power of far greater
capacity than so far designed, if the track can be
brought into condition to withstand the added weights
use of the costly
SUPPLEMENT.
recommended for roads adjacent to iron
many Western roads are using burnt
among other material, with seeming
furnaces, and
clay ballast,
satisfaction.
There are few railroads in this country having any
length of main line which are not required to ballast
their chief divisions.
It is a
comparatively short time
since a well ballasted track was a rare distinction
confined to a few roads in the Eastern States. The
increasing volume of business and the heavier trains
have forced this improvement, and will require it to
As
be carried much further in the next few years.
stated above, the problem has apparently been reduced to the alternative of either providing additional
means of making the track more solid or preventing
the further development of motive power. Some engineers have been inclined to take the ground that the
point to which it is possible to bring the stability of
track has been about reached, and that the dePerhaps the
termining element is in the ballast.
majority of maintenance- of- way officers would not
the
agree with this theory, but at any rate
efficiency
of
ballast
as
contributing
a
to
solid
roadbed is sufficiently indicated by the raising of
such a question.
RAILWAY SAFETY A PPL LA NOES.
The equipment
of railway
cars
with
automatic
couplers and train brakes, as required by the Safety
Appliances Act of 1893, progressed for a long
time with such discouraging slowness as to give good
ground for original misgivings that the law could
never be carried into complete effect. That the
majority of the railroads seven years after its passage
have not yet complied completely with its provisions
of the engines.
It is claimed that rails of the weights might be considered prima facie evidence of the nonnow rolled are sufficiently heavy, although their life success of the law ; except that the force of statistical
is limited.
This leaves the strength afforded by the figures has quite thoroughly demolished such superballasting to be considered.
It is claimed by some ficial reasoning in the matter.
The number of railthat the further development of heavy equipment is way employes killed and injured during the year
limited by the strength which it is possible to give a ended June 30th 1898 was smaller than the number
railroad tiack through ballasting.
This is some- killed and injured during the twelve months ended
thing of a ladical theory, but that it should be June 30th 1893. In the coupling and uncoupling of cars
formulated indicates the importance of good bal- 154 less persons were killed and 4,289 lees injured in
Without entering upon the broad question thus
may
be admitted that the ballast to a con
degrte fixes the stability of the track.
Further, broken stone ballast, all things considered,
seems the strongest support for the roadbed now used
by the railroads. This much being granted, its rapidly extending use is easily understood.
In defiuing
the requirements of railroad ballast recently, a wellinformed committee of a railroad engineering associaraised,
it
siderab'.e
tion laid stress
solid
Notwithstanding
this large reduction, 279 persons were killed and 6,988
were injured during the year ended June 30 1898 in
the coupling and uncoupling of cars. Such results
show that an incompletely executed law may be at
least bettt r than no law at all.
The British Parliament is now legislatively seeking
in this Safety Appliances Act a pattern for a similar
measure, which will probably soon become the law of
Great Britain. In that country the ratio of lives
lost to the number of men employed in coupling
and uncoupling cars has been as great as tha r formerly
existing in this country, where the ratio has now been
60 materially cut down, as indicated by the figures
the later than in the earlier vear.
lasting.
first
upon the
lact that
and uniform bearing for the
it
furnished a
crossties; then, that
-
distributed the load over a large surface of the
roadbed, and, third, held the crossties in position.
There appears pretty general agreement on broken already quoted.
stone as the
ballast which best
satisfies these
The Safety Appliances Act was approved March 2nd
leading requirements, and its use is recommended 1893, but was not to become effective until January
it
where
time limit being vested
hibitive.
The first
in the Inter- State Commerce Commission.
Not all roads, however, are so situated that they section prohibited carriers from hauling trains in
have to prepare for the movement of the heaviest roll- inter- State traffic which were not controlled by train
ing stock. They have a wide range of choice among brakes. The second section similarly forbade hauling
material, some of which is of comparatively recent or permitting to be hauled cars not equipped with
introduction for general use.
Furnace slag is highly automatic couplers.
its
cost,
as
already
intimated,
is
not pro-
1st 1898, discretion as to the
6
INVESTORS'
SUPPLEMENT.
Wnen the
law was passed, the country was on the
very verge of financial panic, and during the four following years the gross revenues of railways fell off
100 million dollars. The period was one of great
financial distress, and while many of the roads did
their best to equip their cars with the safety appliances, yet so general promised to be the failure to
completely comply with the Act that the Inter- State
Commerce Commission finally postponed the time
limit until January 1st 1900.
The roads equipped, as
well as those not equipped, demanded this extension
of time
for the company which hauled an unequipped car belonging on another road was held by
the terms of the law to as strict account as the
company owning the car.
Had the law at that
time been strictly enforced, according to the estimate
of the Inter- State Commerce Commission, the withdrawal of freight cars from service would have
amounted to forty per cent. This would have seriously affected all the roads, as from forty to sixty- five
percent of the car mileage in inter-State traffic is by
;
six
[Vol LXX.
Numerous
months.
small roads owning a very
had made, and probably would
make, no substantial progress toward equipment of
their rolling stock.
These roads were situated almost
wholly within States, and they hauled inter-State
small
number
of cars
other companies. In
addition, it was stated that three or four important
systems, within the six months from December 1>
would not be able to have their equipment completed
by ordinary exertion. The unequipped cars belonging
traffic, if
to
at all, in the cars of
those systems would, however, in the opinion of
the Commission, be so insignificant as compared with
the total number of cars in service as to cause no inconvenience to the shipping public by their withdrawal.
The Commission did not think
great difficulty would
be met with in obtaining the material for the completion of equipment, for no particular make of coupler
is insisted on, and many different standards are used.
For instance, the Chicago Milwaukee & St. Paul road
has upon its cars couplers of 17 different types, the
foreign cars which come to the various roads in ex- number of couplers in the four most used types being
change of business.
6,000, 1,000, 12,000
and 11,000
The Illithe number in
respectively.
indeed curious that at the expiration of this nois Central has 33 different types,
increased time limit 182 railroads were again com- the six most used types being 8,058, 3,121, 11,247,
pelled to petition for a further extension of time, and 2,150 and 1,413 respectively.
It was also stated that
on precisely the reverse ground of the reason pleaded "in view of the fact that the total demand for
with equal justice two years before. Poverty was a couplers for old cars will be less, since many roads
previous excuse, whereas prosperity was the new plea have completed their equipment, and in view of the
It is
While two years before the railroads had just
begun to emerge from a long period of bad business
which had crippled their attention to improvements,
they were now provided with more traffic than could
be taken care of. With all their cars in demand and
more needed, to draw off a considerable portion of
their rolling stock at once for a change of couplers
would have proved a costly inconvenience, not only to
further fact that
them but
to the
time.
generally.
Many
for delay.
service only to
business interests of the country
had been drafted into
meet temporary emergencies, and when
cars also
it
must be presumed that various
companies have long since placed their orders for the
necessary appliances, we think there can be no difficulty in procuring within the next six months the
necessary number of couplers of some standard and
approved makes."
The railroads are undoubtedly anxious to completely
install
these safety devices at the
earliest
possible
From
the joint convention of the Master Car
Builders' Association and of the American Railroad
Master Mechanics' Association, which will meet in
normal conditions again prevail will be laid aside.
Also, the factories where couplers are made have had
their capacity taxed to the utmost in the carrying out
of orders for the manufacture of an enormous number
of new cars equipped with the automatic couplers.
The Commission was forced by such conditions to
again exercise its discretionary authority, and so extended the time seven months further, until August
1st 1900
two months beyond the time considered
absolutely necessary.
Already fifty-one roads had, according to the Commission's announcement, equipped
95 per cent of their cars with the coupling and braking devices, while, if the same rate of equipping were
maintained on other roads during the next six months
which was maintained during the previous six months,
the terms of the law would be almost generally com-
Saratoga in June, such recommendatory action is expected as may result in absolutely insuring complete
new time
provides
the cost of these new safety appliances is
the cost of the old devices, yet the expense of repairs,
is considerably less, and there is also, of course, a big
—
plied with before
the expiration of the
limit.
The
Commission stated that a
special causes, had been pre-
special report of the
few roads, owing to
vented from making satisfactory progress during the
whole of the preceding six months, but these roads
would, at the rate of equipping then going on, be
able to have their equipment completed within six
months from December 1 1899. Of these the Denver
& Rio Grande was instanced as an example. That
company had, at the time of the report, only one-half
its standard-gauge cars equipped, but its President
stated that the remainder could be equipped within
equipment with safety appliances before August 1st.
This could be done by an agreement between the
lines that such of their unequipped cars as just
previous to the expiration of the time limit may be
abroad shall be equipped by the roads on which they
are being run, expense being charged to the road&
owning them.
The necessities of railroad development, as well as
obedience to the law, will no doubt lead to such substitution of equipment without any further delay that
can be avoided. Anon- uniform system of coupling devices consisting of old and new types is admittedly
more dangerous than link and pin couplers used
alone.
it
It
frequently allows of telescoping of cars,
little
or
no
resistance
as-
While
greater than
to buffing.
item saved in damage suits. Owing to the avoidance
in the automatic coupler of the undue play or slack
in the link and pin coupler, this substitution of old
for new devices also enhances the economical and
In the train
successful operation of the brakes.
brakes, as well as in the automatic couplers, not only
is the danger element greatly minimized, but the requirements of a progressive and convenient service
are also met.
INVESTORS' SUPPLEMENT.
April, 1900.]
The shipper
ECONOMICAL SPEED EFFICIENCY.
Determination of the most economical, or rather the
best paying, degrees of speed at which different
classes of trains shall be run, is a feature of railroading which appears to increase in difficulty as it gains
No factor in connection with
steadily in importance.
development of net earning capacity now merits or
consideration
from railroad
The tendency towards higher speed
in train service
receives
more
serious
officials.
has reached a stage where the folly of
railroad standpoint,
is
clearly perceived.
it,
from the
The impos-
however, even if competition were removed,
of diminishing the fast speed facilities of a service to
which the public has now become educated, is also
recognized. As regards the passenger service especially, the demand for fast travel appears not to abate,
but to gain headway from every effort the railroad
companies make to gratify it. Any fixed limitations
in the higher speed tendencies of at least a few
special passenger trains seems therefore a long way off
in the future.
sibility,
element of time important
chiefly in determination of the interest he must
deduct from the money value of his shipment. If his
goods can be delivered the same day there need be no
deduction for interest. In general, however, days not
hours comprise the units of his time reckonings. The
average railway passenger, however, figures the value
of his time with reference to the speed of the train,
not in day but in hour units, and in the case of suburban service, not in hour but in minute units.
The rushing tendency of modern business life puts
a constantly increasing premium on the value of time.
When a traveler saves time once through a specially
fast train, he seeks to save more time in the same way
This originates a clear and positive public
again.
demand which
finds the
the railroads as
common
carriers
and
as caterers to public convenience cannot ignore. Conservative financial policy, however, tends to restrain
over- hastiness in discounting
development of such de-
Indeed it is felt, the demand should be met only
so fast as its earnestness is unmistakably evidenced in a
public readiness to make good the increased bill for
As a matter of fact, higher speed for passencosts.
ger trains is dependent far more on the disposition of
The great transportation difficulty hence arises of the personal beneficiaries of such higher speed to pay
making safe and economical provision for such speci- for it than upon mechanical or engineering considerally fast passenger trains without correspondingly in- ations.
creasing the speed of the entire passenger service and
A locomotive with a light load can be geared to run
of the freight service
as
well.
If
a slow train
is in
front of a fast train on the same track, the fast train
catches up with
it," so that
it,
or in railroad parlance
" runs over
the slow train must be sidetracked.
involves loss of coal power
mand.
at almost
demand increased
boiler
creased speed a more rapid increase in the heat units
This of energy.
and probably some extra
But heavier loads
power, and require with in-
any reasonable speed.
No
special formulas for axles, crank pins,
piston rods, boilers, etc., contain factors
Nor is different material' required
relating to speed.
side
rods,
expense in subsequently accelerating speed to make
up time. If the fast train is in front of the slow train for freight than for passenger locomotives.
then there is an ever widening gap of track to which
The expense, however, of passenger locomotives is
the slow train has practically an exclusive use.
nearly always greater than that of freight locomotives.
With reference to freight train service, there is no This is for the simple reason that more is expected of
doubt that a further continuance of the tendency to- them on account of the greater speed at which they
wards higher speed must seriourly impair the are to run, which, translated, means greater powereconomical performance of motive power. As it can- Moreover, the higher speed produces greater strains,
not be expected that such increased cost would be hence the number of locomotive failures becomes
offset by extra compensation from the shippers for the more frequent.
Also the running of such fast trains
extra speed (except, perhaps, in the case of perishable must to some extent injure the capacity to handle
freight), a continued higher speed tendency only other trains.
Unavoidable delays occur in keeping
means unjustifiable waste. If, on the other hand, by the road clear. Accident risks increase, partly from
agreement between managers, there could be moder- the greater liability of breakage to machinery and
ate reductions in average speed, then heavier loads roadbed damage, partly from the greater danger of
could be hauled with the same motive power as before, actual collisions. Higher speed must mean less safety,
and rates might be so cheapened thereby as to more unless extra precautions are taken, which involve
than make good to shippers any loss arising from heavy outlay of funds unless, in fact, the whole road
the slower service.
service becomes keyed to a higher and more expensive
;
The
steady gain in the rate of speed of freight
pitch.
during the last fifteen years, up to a certain
Such problems of train speed seem gradually despoint, undoubtedly assisted in considerably reduc- tined to work out their satisfactory solutions.
All
ing operating expenses.
towards
steps
Certain special economies general railroad improvements are really
of course followed from the decreased time of train such solutions.
Kailroad men seem ready enough
service.
For instance, there was prevention of loss in now to recognize that higher speed for certain classes
wages, in interest on equipment, and in the energy of of trains has become a permanent and not a transitory
heat radiated from boilers. Beyond a definite limit, tendency. Railroad policy appears now to be directed
however and motive power officials generally believe towards fixing common and definite standards of unithat limit now well reached such economies fail to formity, and of separation in the present multi- varying
compensate for the added expenses for fuel and for grades of speed. Such policy may ultimately aim at
wear and tear on the entire equipment of railroads. separate tracks for trains of different rates of speed.
trains
—
The same amount
—
time neces- It is well understood that resulting economies could
must require a greater fuel consumption. In go far towards offsetting the great expense occasioned.
many instances engines of twice the power must now Delays and accidents would become minimized. The
handle the same freight train loads as fifteen years faster trains would make long runs without stops,
ago.
while the slower trains would suffer no troublesome
sarily
of work;
done in
lesser
INVESTORS' SUPPLEMENT.
detentions because of the necessity o£ keeping the
track clear. Trains generally would cease to require
special expenditures
on added fuel for acceleration
of their motion.
The
extra requirements of capital for satisfactorily
meeting the problems of economical speed efficiency,
are mainly comprised in the cost of general improve-
ments.
Most of
these, the needs of ordinary fast
even of the slow but heavy freight service,
of the present day, legitimately warrant, or even de
service, or
mand.
They include more
construction of
solid
bridge
floors, heavier rails, more efficient braking
power for rolling stock, block signals, interlocking
apparatus and fences, closer inspection of lines, and
in the cities elevation of tracks.
The most
interesting feature of present day railroad
development is tbe steady accomplishment of these
improvements. As they progress and become paid for
from the revenues of contemporaneous business, there
should result a stealy diminution in the rate of
in-
creasing cost for faster service.
A
NEW FORM OF CAR
Mr. Edward
TRUST.
Avery, of 67 Wall Street, has de
vised a form of car trust which he thinks possefses
advantages over the ordinary form of such trusts. Its
object is to apply towards the purchase of new cars
the yearly contributions now made in reduction of car
S.
trust indebtedness.
The
an extract from
letter
a
which Mr. Avery has addressed to the Knickerbocker Trust Company, in which the plan is outlined
following
is
at length.
Car trust agreements are used only as a last resort, because they require the payment of one-tenth or one-sixth of
the unpaid cost of the cars annually and draw high interest
rates.
Most railway managers would prefer to obtain the
capital necessary for equipment by issuing first mortgage
bonds running for a period of many years, requiring no
annual payment on account of the principal and drawing a
low rate of interest. Repairs and renewals are supposed to
maintain the integrity of the equipment as security.
We have endeavored to prepare a new form of car trust
certificate affording railway companies advantages similar to
those of a first mortgage bond. We would propose an issue
of car trust certificates or bonds in an amount equal to eighty
or ninety per cent of the cost of cars given as security, running for twenty or thirty years, requiring no annual payment
on account of the principal, and drawing interest at the same
rate as is obtainable on the railway company's first mortgage
bonds. Thus, if four per cent first mortgage bonds could be
negotiated, let the car trust certificates draw four per cent
interest.
They would be offered for sale at a price which
would net the investor a little higher rate of interest than
would be obtainable on the first mortgage bonds at the
market
Are
price.
cars good security for a loan of thirty years ? The integrity of such security could be maintained by monthly or
[Vol.
LXX.
semi-annual payments into a sinking fund, which would be
expended at the end of say every third year in the purchase
of new cars. This simply provides specifically for maintaining the equipment, which every well-regulated railway company should do independently of any car trust. A covenant
to add new cars every third year might not require cash payments into a sinking fund. Bonds or stocks of equal market
value instead of cash could be deposited with the trustee,
monthly or semi-annually, and withdrawn at the end of the
third year when the new cars were assigned to the trustee,
or in the case of the stronger companies financially, a simple
covenant to add a certain number of new cars periodically
might be sufficient.
The following table shows how cars would depreciate in
value but the integrity of the security be maintained. It
begins with cars costing $100,000. They are supposed to depreciate at the rate of one-tenth yearly. New cars are purchased and added to the security at the end of every third
year out of the sinking fund, which accumulates at the rate
of ten per cent of the cost of the original cars each year
duricg the first three years. 13% per cent per annum during
the next three years and 16% per cent per annum thereat ter.
The salvage or ecrap value or the original cars (20 per cent
of $100,000, or $20,0i0,) could be applied in part payment of
the sum required for the sinking fund in the twelfth year.
Every third year thereafter about ten thousand dollars for
salvage could be applied in the same way. Deduct also the
interest on the sinking fund. Thus we have an average
yearly net requirement of, roughly, $12,000 for the sinking
fund, to which should be added $3,600 per vear for interest
at the rate of 4 per cent on the $90 000 of certificates, making
a total requirement of $15,600 per year. The purchase of
new cars every third year keeps the equipment up to date,
and results in an increase in the number of cars. There
would be about twice the original number of cars in service
The value
after the ninth year.
maintained during the
first
of the security is fully
nine years, then it gradually in-
creases until the eighteenth year, after which it re-mains at
$110,000. At the end of thirty years the security, including
the salvage value of old cars remaining on hand, would be
worth $40,0(0 more than the debt of $90,000.
VALUE OF THK WOODEN CARS AT THE DATE OF THE AGREEMENT
$100,0C0; VALUE AT THE END OF THE—
3rd
yr.
$7O,o00
3O.O0OX
bill yr
*4o,000
21,000
40,000x
$100,000
<.
th yr.
$10,000
12 000
28.<00
tO.OOOx
$101,000
12th yr.
$3,000
16,000
35.000
50,0O0x
$100,000
iSth yr.
ijth yr.
....
$4,000
20,0< O
35,000
50,00 x
$5,000
20.000
35,000
50.000X
$104,000
$109.000
$110,000
sist yr.
34th yr.
ajth yr.
30th yr.
$5,000
2<>.000
%.5,000
35,000
50 000x
20,000
35,000
50.000X
$110,000
$5,000
20,000
35.000
50,000x
$110,000
$S.000
20,000
35,000
50.000X
$110,000
x New oars purchased out
$110,000
of slukiDg fund.
The size of the sinking fund in a specific case would depend
upon the kind of cars, the work for which tbey were intended, etc.
Six ordinary car trusts of ten years each would be required
to accomplish results which cculd be obtained by the;; use
of one thirty year car trust. If our certificates drew four
per cent inter* st as compared with five per cent for tbe tenyerr car trust certificates we would effect a saving of about
$1,500 per year in interest. The time and expense required in
«*Q
creating five ten-year car trusts would be avoided.
If steel cars, having a life of twenty years, were used, the
annual payment into the sinking fund would be about onehalf that shown in the table.
April, 1900.
INDEX.
9
j
INDEX TO COMPANIES— CONSOLIDATED,
Companies not given
in the
Supplement
tables in their alphabetical order
WILL BE FODND UNDER—
NAME.
Alabawia Central
Alamogordo & Sacramento
Albemarle & Raleigh
American Air Power
A merican Bell Telephone
Southern Railway Co.
Mm. ...New Mexico Ry. & Coal.
Wilmington & Weldon.
Compressed Air Co.
American Telephone
& Telegraph.
National Biscuit
Mfg
American Biscuit
American Dock Improvement Co.. Central of New Jersey.
American Spirits Manufacturing... Distilling Co. of America.
PittsburgYoungstown & Ashtabula
Ashtabula & Pittsburg
Chicago Burlington & Qulncy.
Atchison & Nebraska
Canadian Pacific.
Atlantic & Northwest
Southern Ry. (also Wilm.&Weldon)
Atlantio & Yadkin
<fc
<fe
Lake Shore & Michigan Southern.
Battle Creek & Sturgis
City & Battle Creek
Belleville & Carondelet
Belleville & Eldorado
Michigan Central.
Illinois Central System.
Illinois Central System.
Pennsylvania & Northwestern.
Bay
Bell's
Gap
Kansas City Memp. & Birmingham.
Missouri Kansas & Texas.
Old Colony.
Birmingham Equipment
Booneville Bridge
Boston Clin. Fitch. & New Bed
Boston AN. Y. Air Line
Boston Rubber Shoe
Boston Winthrop & Shore
Brooklyn & Montauk
Brunswick & Chillicothe
Brunswick & Western
N. Y.
New Haven &
Hartford.
United States Rubber
Boston Revere Beach
Long
(Miscel. Co's)
&
Lynn.
Island.
Wabash.
Buffalo Gas.
Gas
Buffalo New York & Philadelphia.. Western New York & Pennsylvania.
Pittsburg Shawruut & Northern.
Buffalo St. Mary's & Southwest
Erie RR.
Buffalo & Southwestern
Buffalo City
& Missouri River
Busk Tunnel
Cairo Vincennes & Chicago
California & Oregon
Chicago Burlington
Colorado Midland.
&
Quincy
Cleveland Cin. Chicago
Central Pacific.
&
St.
Louis.
Southern Pacifio RR.
California Pacific
People's Gas Light & Coke.
West Jersey & Sea Shore.
Calumet Gas
Camden &
Atlantic
Canada Central
Carolina Midland
Canadian Pacific.
Southern Ry.
Dubuque & Sioux City.
Cedar Falls & Minnesota
Cedar Rapids Iowa Falls &N. W... Burlington Cedar Rapids & North' n.
Chicago & North Western.
Cedar Rapids & Missouri River
Central Branch.
Central Branch Union Pacific
Pittsburg Shawmut& Northern.
Central New York & Western
Central of Ga. Ry.
Central of Ga. RR. & Banking
Baltimore & Ohio.
Central Ohio
—
New Amsterdam
Gas.
& Augusta Southern Railway.
Rail
way.
Southern
Charlottesville & Rapidan
Chicago & Erie.
Chicago & Atlantic
Burlington & Quincy.
Chicago
Northern
Chicago Burlington &
Chicago Clinton Dubuque & Minn.. Chicago Milwaukee & St. Paul.
Shicago Ft. Madison &Des Moines.. Chicago Burlington & Quincy.
Peoples Gas L. & Coke.
Chicago Gas
Peoples' Gas L. & c. (Miscel. Co's.)
Chioago Gas Light & Coke
Cuicago Terminal Transfer RR.
Chicago <fe Great Western
Chicago Junction.
Chicago Hammond. & Western
Chicago & Eastern Illinois.
Chicago & Indiana Coal
Chicago Burlington & Quincy.
Chicago & Iowa
Chicago & Northwestern.
Chicago Milwaukee <fe N.
Pere Marquette.
Chioago & North Michigan
Chicago Terminal Transfer.
Chicago & Northern Pacific
Indiana Decatur & Western.
Chioago & Ohio River
Chicago Milwaukee & St. Paul.
Chicago & Pacific
See Atchison System, Apr.,'96,Sup.
Chicago Santa Fe & California
AtchisonTopeka & Santa Fe.
Chioago & St. Louis
Chicago St. Louis & New Orleans. .Illinois Central.
Pittsb'rg Cincinnati Chicago & St. L.
Chioago St. Louis & Pittsburg
Chicago Great Western.
Chicago St. Paul & Kansas City
Chicago St. Paul Minn. & Omaha.
Chicago St. Paul & Minneapolis
Chicago & North Western.
Chioago & Tomah
Pere Marquette.
Chicago & West Michigan
Wisconsin Central.
Chicago Wisconsin <fc Minnesota
Cincinnati Portsmouth & Virginia.
Cincinnati Connecting Belt
Cincinnati Ind. St. Louis & Chicago.Cleveland Cin. Chic & St. Louis.
Cincinnati Sandusky & Cleveland.. Cleveland Cin. Chic. & St. Louis.
Cincinnati New Orleans & Tex. Pao.
Cincinnati Southern
Cleveland Cinn. Chic. & St. Louis.
Cincinnati & Springfield
Cleveland Cin. Chic. & St. Louis.
Cincinnati Wabash & Michigan
Pennsylvania & Northwestern.
Clearfield & Jefferson
Beech Creek.
Clearfield Bituminous Coal
Wheeling & Lake Erie.
Cleveland Belt & Terminal
Wheeling <fe Lake Erie.
Cleveland Canton & Southern
Cleveland Cin. Chic. & St. Louis.
Cleveland Columbus Cin. & Ind
Halifax & Yarmouth.
Coast Ry. of Nova Scotia
Southern Railway.
ColuTibia& Greenville
Columbian El. Car Light. & Brake.. Consol. Ry. El. Lighting & Equip.
International & Great Northern.
Ooloiado Bridge
Baltimore * Ohio.
Columbus & Cincinnati Midland
Columbus Connecting <fc Terminal.. Norfolk & Western.
Hocking Valley.
Col uuibus & Hocking Valley
Central Union Gas
Charlotte Columbia
W
.
Columbus & Indianapolis Central.. .Pittsb. Cincinnati Chic. & St. Louis.
Columbus Sandusky & Hooking.
Columbus Shawnee & Hocking
Hocking Valley.
Columbus & Toledo
Detroit & Lima Northern.
Columbus Northwestern
Concord & Montreal.
Oonoord
American Ice.
Consolidated Ice
Oonsol.Kau. City Smelt'g& Refin'g. American Smelting & Refining.
Kansas City Suburban Belt.
Consolidated Terminal Railway
Central of Vermont.
Consolidated Vermont
Consumers' Gas
Peoples' Gas L. & C. (Miscel. Co's.)
Kansas City Fort Scott & Memphis,
Current River
Chicago & North Western.
Dakota Central
Chicago Milwaukee & St. Paul.
Dakota & Great Southern
Missouri Kansas & Texas.
Dallas <fc Waco
New York New Haven & Hartford
Danbury & Norwalk
Chicago & East Illinois.
Danville & Grape Creek
De Bardelebcn Coal
Delano Land
&
Iron
Tennessee Coal
Lehigh Valley.
&c.
be found by reference to the Index below.
NAME.
Fast Line & Red River
East River Gas
East Tenn. Va. & Ga
WILL BE FOUND UNDER—
Missouri Kansas
New Amsterdam
&
Iron (Miscel.)
Denver Gas A Eleotrio.
Denver Consolidatsd Gas
Denver Gas & Eleotrio.
Denver Consolidated Eleotrio
Colorado A Southern.
Denver Leadville &. Gunnison
Rio Grande Western.
Denver & Rio Grande Western
Chicago A North Western.
Des Moines Minnesota
Des Moines Northern & Western.... Chicago Milwaukee <& 8t. Paul.
<fe
Michigan Central.
Detroit & Bav City
Detroit & Mackinac.
Detroit Bay City & Alpena
Detroit Grand Rapids & Western. .. Pere Marquette.
See Miscellaneous Companies.
Detroit Mackinac & Marquette
Lake Shore <fe Michigan Southern.
Detroit Monroe & Toledo
Duluth Mississippi River & North.. Groat Northern.
St, Paul A Duluth.
Duluth Short Line
Dutchess Count.v
Central Now England Railway.
&
Texas.
Gas.
Southern Rai way.
Eastern of Mass. (also East, of N. H.) Boston & Maine.
Eastern of Minnesota
Great Northern.
Easton & Am boy— Easton & North. Lehigh Valley.
Edison Elec. 111. of Brooklyn
Kings Co Elec. Light & Power.
Edison Elec. 111. of N. Y
N Y. Gas & Elec. Lt. Heat APow.
Electric Axle Light <fe Power
Consol. Ry., Elec. Lipht'g & Equip.
Elizabethtown Lexing. & Big Sandy. Chesapeake & Ohio.
Elmira State Line
Tioga RR.
El Paso & Northeastern RR
New Mexico Railway & Coal.
Equitable Gas Light <fe Fuel
Peoples' Gas L. & C. (Miscel. Oo'b.)
Equitable Gas Light Co. (N. Y.)
New Amsterdam Gas.
Erie <fe Kalamazoo
Lake Shore & Michigan Southern.
Erie & Western Transportation Co. Connect. Terminal RR. (of Buffalo).
Escanaba & Lake Superior
Chicago & North Western.
Eureka Springs
8t. Louis & North Arkansas.
1
European & North American
Maine Central.
Evansville Henderson & Nashville.. Louisville & Nashville.
Evansville Rockford & Eastern
Louisville Evansv. & St. L Consol.
Evansville Terre Haute & Chioago. Chicago & Eastern Illinois.
& Southern
& Pere Marquete
Florence & Cripple Creek
Chicago Milwaukee & St. Paul.
Pere Marquetto.
Denver & Southwestern.
Florida Southern
Fort Dodge & Omaha
Fort Scott Equipment
Illinois Central.
Kansas City Ft. Scott
Fargo
Flint
Savannah Florida & Western.
Burlington
may
Fort Smith & Van Buren Bridge
Fremont Elkhorn & Missouri Val.
Savannah Florida & Western.
<fe
Memphis.
Louis «fc Hau Fr*. cisco.
Chicago & North Western.
St.
.
.
Georgia Midland & Gulf
Georgia Pacific
Grand River Valley
Green Bay Winona & St. Paul
Georgia Midland Ry.
Southern Railway.
Michigan Central.
Green Bay & Western.
Harlem River &
New York New Haven &
Hartford
Chicago Milwaukee
PauL
Hastings
Hereford
Portchester
& Dakota
8t.
<fe
Maine Central.
Hoboken Ferry
Holly Wayne & Monroe
N. Y.
Hyde Park Gas
People's
Illinois & St. Louis
Indiana Bloomingtou <e Western
Indiana & Lake Michigan
Indianapolis Cin. & Lafayette
Louisville Evansv.
AHobok. Ferry (Miscel. Co's)
Pere Marquette.
Housatonic
New York New Haven & Hartford.
HuntingburgTellCity&Cannellt'n.. Louisville Evansv. & St. L. Consol.
Huntington & Big Sandy
Ohio River.
Peoria
&
Gas
L.
<fe
C. (Miscel. Co's.)
&
St. L.
Consol.
Eastern.
St. Joseph South Bend & Southern.
Cleveland Cin. Chic. <fe St. Louis.
Chicago Indianap. & Louisville.
Cleveland Cin. Chic. & 8t. Louis.
Chicago Milwaukee & St. Paul.
Dubuque & Sioux City.
Chicago & North Western.
Chicago Milwaukee & St. Paul.
Indianapolis & Louisville
Indianapolis & St. Louis
Iowa & Dakota
Iowa Falls & Sioux City
Iowa Midland
Iowa & Minnesota
Jackson Lansing & Saginaw
Michigan Central.
& Indian Riv. ..Florida East Coast.
Jacks. Loui8v.«feSt.Louis(Jack.S E. Jacksonville & St. Louis.
Jacksonville Tampa & Key West... Savannah Florida & Western.
Jefferson Madison & Indianapolis.. Pittsburg Cincinnati Chic. & St. L.
Johnson Co. of Pennsylvania
Federal Steel.
Joliet
Chicago
Chicago A Alton.
Junction & Breakwater
Delaware Maryland A Virginia
Kalamazoo Allegan & Gr. Rapids.. Lake Shore & Michigan Southern.
Kalamazoo & White Pigeon
Lake Shore & Michigan Southern.
Kansas City Eldorado & Southern Missouri Kansas A Texas.
Kansas City Fort Scott & Gulf
Kansas City Fort Scott Memphis.
Kansas City & Indep. Air Line
Kansas City Suburban Belt.
Kansas City & Memphis Ry. Bridge.Kansas City Fort Scott A Memphis.
Kansas City & Pacifio
Missouri Kansas & Texas.
Kansas City Pitts. & Gulf
Kansas City & Southern.
Kansas City St. Louis & Chioago
Chicago
Alton.
Kansas City Southeastern & Memp. Kansas City Fort Scott A Memphlf
Kansas City Springfield & Memphis. Kansas City Fort 8cott A Memphis,
Kansas City Wyandotte & N'th'w'n.Kansas City Northwestern.
Kansas & Missouri
Kansas City Fort Scott A MemphlB.
Jacksonv.
St.
Aug.
)
<fe
Az.
<fe
Kansas
Pacifio
Keith8burg Bridge
Union Pacific.
Iowa Central.
Kentucky Central
Louisville & Nashville.
Kentucky Distilleries & Warehouse. Distilling Co. of America
Keokuk & Western
Chicago Burlington & Quincy.
Knox A Lincoln
Maine Central.
Lamson Consol. Store Service
American Pneumatic Service.
Lawrence
Pittsburg Youngstown <fe Ashtabula,
Leamington & St. Clair
Canada Southern.
Leavenworth Topeka & Southwest. Leavenworth A Topeka.
Lebanon Valley
Chatham A Lebanon Valley.
Lehigh & New York
Lehigh Valley.
Lehigh & Susquehanna
Lehigh Coal A Navigation (Misoel.)
Leroy
Caney Valley
Missouri Pacific
Lexington A Frankfort;
Louisville ANashv'le (L. C. & Lex.)
Lima Northern
Detroit & Lima Northern.
<fe
Lincoln <fe Northwestern
Chicago Burlington & Quincy.
Lincoln Park & Charlotte
Buffalo Rochester <V- Pittsburg.
Litchfield Carrollton & Western ... Quincy Carrolltou & Western.
Litchfield A Madison
Chicago Peoria & St. Louis.
Little Rock Jot. — Little R. &Ft.8mith Missouri Pacifio.
Rook & Memphis
Long Dock Compauy
Long Island City A Flushing
Little
Choctaw & Memphis.
Erie RK.
Long Island.
A
Missouri River
Chioago A Alton.
<fe Lexington. .Louisville A- Na*hville.
Frankfort
Louisville
Louisville &
A- Nashv.— L. C. A Lex.
Louisville New Albany A Chicago.. Chioago Indianapolis A Louisville.
Louisville New Orleans & Texas. ...Illinois Central (Ya/.oo <v M. V.i
Louisville Henderson A St- Louis.
Louisville St. Louis & Texas
Louisville Southern
Southern Railway.
Louisiana
t
nnlsville Cincinnati
Mahoning Coal
Lake Shore A- Michigan
0.
Manitoba Southwest'n Colonization Canadian 'a
.
I
1
80.
System.
il
Toledo A Ohio Central Extension.
Marietta Mineral
Marietta & North Georgia
Atlanta Knoxville A- Northern.
Marquette Hougton & Ontonagon... Duluth South Shore A Atlantic.
Massawtppi
Connecticut A Paasumpato.
Maysville & Lexington
Kentucky central.— Louis. & Nash.
Mokeesport A Belle Vernon
Plttsb.MoKeesport AYoughlogheny.
Southern Railway.
Memphis & Charleston
Memphis ClarksvilloA Louisville. .Louisville A Nashville.
Memphis Equipment
Memphis Kansas & Colorado
Memphis A Ohio
Merehauts' Bridge
Kansas City Memphis & Birtning'ru
Kansas City Fort Soott A Memphis.
Louisville A Nashville.
^t. Louis Mereh'ts' Bridge Ter. RR.
INDEX.
10
WILL BE FOUND UNDER —
NAME.
Menominee River
Chicago
& North
t
Long
Michigan Equipment
Michigan- Peninsular Car
Midland of Indiana
Midland of New Jersey
Midland Terminal
Island.
Pere Marquette.
American Car & Foundry.
Chicago and Southeastern.
New York Susquehanna & Western
Denver & Southwestern.
Milwaukee & Lake Winnebago
Wisconsin Central.
Milwaukee Lake Shore & Western.. Chicago & North Western.
Chicago & North Western.
Milwaukee & Madison
Chicago Milwaukee & St. Paul.
Milwaukee & Northern
Milwaukee* St. Paul
Chicago Milwaukee & St. Paul.
Minneapolis & St. Louis.
Minneapolis ADuluth
Minnoap. St. P. & Sault Ste. Marie.
Minneapolis & Pacific
Minneap. Sault Ste. Marie & Atl'tic.Minneap. St. P. <& Sault Ste. Marie.
Minneapolis Union, Minn. Western. Great Northern.
Chicago Milwaukee & St. Paul.
Minnesota Central
Chicago Great Western.
Minnesota & Northwestern
Chicago & North Western.
Minnesota Valley
Central Vermont
Mlssisquoi Valley
Chicago & Alton.
Mississippi River Bridge
Missouri Kansas & Texas.
Missouri Kansas <fc Eastern
St. Louis <& San Francisco.
Missouri & Western
Mobile & Ohio.
Mobile & Bay Shore
Central of Georgia Ry.
Mobile & Girard
Baltimore
& Ohio.
Monongahela River RR
Chicago Indianapolis & Louisville.
Route"
"Monon
Great Northern.
Montana Central
Long Island
Montauk Extension RR
Central of Georgia Ry.
Montgomery & Euf aula
Lehigh Valley.
Morris Canal
N. Y. Gas & Elec. Lt. Heat & Pow.
Mount Morris Electric Light
People's Gas Light & Coke.
Mutual Fuel Gas
New York New Haven & Hartford
Boston & Lowell.
Worcester Nashua & Rochester.
Standard Rope & Twine.
Nan task rt Beach RR
Nashua & Lowell
Nashua
Rochester
<fe
National Cordage
National Electric
National Linseed Oil
NAME
Rich Hill
Western.
Manhattan Elevated.
Metropoli an Elevated
Metropolitan Ferry
Philadelphia Electric.
American Linseed.
Chicago Burlington & Quincy.
Richmond & Danville
Richmond & Petersburg
Richmond York River & Ches
Rochester & Pittsburg
Rutland-Canadian. ...
LXX.
WILL BE FOUND UNDER—
Kansas City Ft. Scott & Mem.
Southern Railway.
Atl. Coast Line RR. of Virginia.
Southern Railway.
Buffalo Rochester & Pittsburg
Rutland.
St. Charles Bridge
Wabash.
St. Lawrence
Ottawa
Canadian Pacific.
St. Louis Alton
Terre Haute
Illinois Central System.
St. Louis Arkansas
Texas
St. Louis Southwestern.
St. Louis Bridge
Tunnel
Terminal Association of St. Louis.
St. L., Cape Girardeau
Ft. 8mith. Southern Missouri
A r Kansas.
St. Louis
Chicago
St. Louis Peoria
Northern.
St. Louis Chicago
Chicago Peoria
St. Paul
St. Louis.
St. Louis Council Bluffs
Omaha... Wabash.
st. Louis Indianapolis
Eastern.. Illinois Central.
St. Louis Iron Mount'n
Southern.. Missouri Paciiic System.
St. Louis Jacksonville
Chicago
Chicago
Alton.
St. Louis Kansas City
Northern... Wabash.
St. Louis Keokuk
S.
Chicago Burlington
Quincy.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
W
Louis Kansas & Southwestern
St. Louis Peoria & Northern
St. Louis Southern
St. Louis Wichita & Western
"St. Paul"
St. Paul Minneapolis & Manitoba..
r*t.
St.
St.
St.
Paul&
Pacific
Paul & Sioux City bonds
Paul Stillwater & T. F
& Newark
& Southwestern
Sandusky Mansfield
Sault
St.
Marie
Savannah & Charleston
Savannah & Western
&
Kansas Southwestern.
& Northern Short Line.
System.
St. Louis & San Francisco.
Chicago Milwaukee & St. Paul.
St.
Louis
Illinois Central
.Great Northern.
Great Northern.
Chic. St. Paul Minn.
Chic. St. Paul Minn.
Baltimore & Ohio.
& Omaha.
& Omaha.
Chic. St. Paul Minneap.
<&
Schuylkill River East Side
Scioto Valley & New England
Charleston & Savannah.
Central ef Georgia Ry.
Baltimore & Ohio.
Norfolk & Western.
Seaboard Air Line
& Northern
Pacific Coast.
Seaboard
Seattle
Omaha.
& Roanoke.
Shenandoah Valley
Norfolk & Western.
Sherman Denison & Dallas
Missouri Kansas & Texas.
Sherman Shreveport & Southern... Missouri Kansas & Texas.
Shore Line
N. Y. New Haven & Hartford.
Short Creek & Joplin
Kansas City Fort Scott & Memphis.
Sioux City & Nor. and S. City & W. Great Northern.
Sioux City & Pacific
Erie RR.
Chicago & North Western.
New York New Haven & Hartford. Smithtown & Port Jefferson
Long Island.
Elmira & Lake Ontario.
New York Susquehanna & Western. Sodus Bay & Southern
South Carolina
Central of New Jersey.
South Carolina & Georgia,
South
Florida
New Orleans & Southern.
Savannah Florida & Western.
Louis. & Nash. (N. O. & Mobile Div.) South Georgia & Florida
Savannah Florida & Western
South Side (Va.)
Texas & Pacific.
Norfolk & Western.
Southeastern & St. Louis
Connecticut & Passumpsic.
Louisville & Nashville.
Southern Minnesota
Long Island.
Chicago Milwaukee & St. Paul.
Southern Paciflo Branch
National Biscuit.
Southern Pacific of California.
Spartanburg Union & Columbia... Asheville & Spartanburg.
Brooklyn Ferry (Miscell. Co's.).
spirits Distributing
Manhattan Elevated.
Distilling Co. of America.
Spokane Falls & Northern
Erie RR.
Great Northern.
Standard Distilling & Distributing. Distilling Co. of America.
Erie RR.
N. Y. Brooklyn & Manhat. Beach. Steubenville & Indiana
Pittsburg Cinn. Chic. <fe St. Louis.
Stockton & Copperopolis
New England RR.
Southern Pacific of California.
Sturgis Goshen & St. Louis
New York & Putnam.
Lake Shore & Michigan Southern.
Sugar Trust
Erie RR.
American Sugar Refining.
New York New Haven & Hartford. 8unbury & Erie
Philadelphia & Erie.
Superior Short Line
New York Susque. & Western.
Chicago St. Paul Minn. & Omaha.
Syracuse Northern
New York Ontario & Western.
Rome Watertown & Ogdensburg.
Nebraska
Newark Somerset & Stiaitsville
New Brunswick
Newburg & New York
New Haven & Derby
New Jersey Midland
New Jersey Southern
New Orleans & Gulf
New Orleans Mobile & Texas
New Orleans Pacific
Newport & Richford
Newtown & Flushing
New York Biscuit
New York & Brooklyn Ferry
New York Elevated
New York & Erie
New York Lake Erie & Western
New York & Manhattan Beacn
New York & New England
New York & Northern
New York Pennsylvania AOhio
New York Providence & Boston
New York & Ontario Land
New York & Oswego Midland
New York & Rockaway
New York & Wilkesbarre Coal
Nodaway Valley
Norfolk & Petersburg
[Vol.
Baltimore & Ohio.
Canadian Pacific.
Long Island.
.New York Susquehanna
Kan. City
St. Jos.
<fe
West.
& Council Bluffs.
& Western.
& Southern.
Chesapeake & Ohio.
Norfolk
Norfolk
Norfolk Southern
Norfolk Terminal & Transfer
Northeastern RR. of So. Carolina.. Atl. Coast Line RR. of So. Car.
North ern Alabama
Southern Ry.
Northern Illinois
Chicago <& Northwestern.
North Missouri
Wabash.
North Shore
Canadian Pacific.
North Wisconsin
Chic. St. Paul Minn. & Omaha.
Northern California
Southern Pacific RR.
Northern Ry. (Cal.)
Southern Pacific RR.
Northwestern Grand Trunk
Chicago & Grand Trunk.
Northwestern Union
Chicago & North Western.
Ocean Steamship
Central of Georgia Ry.
Toledo & Ohio Central.
Ohio Central
Ohio Falls Car Manufacturing
Ohio Indiana & Western
Ohio & Mississippi
Ohio River & Charleston
Ohio & West Virginia
Omaha & Grant Smelting
Ontario & Quebec
Oregon Central & Eastern
American Car
& Foundry.
Peoria & Eastern.
Baltimore & Ohio Southwestern.
So. Carolina & Georgia Extension.
Hocking Valley.
American Smelting
&
Refining.
Canadian Pacific.
Corvallis
& Eastern.
Oregon Improvement
Pacific Coast Co.
Oregon Short Line & Utah Northern. Oregon Short Line.
Oswego & Rome
Rome w atertown & Ogdensburg.
Ottawa Oswego & Fox River
Chicago Burlington& Quincy.
Ottumwa Cedar Falls & St. Paul
Chicago & North Western.
Taylor's Falls
Tarkio Valley
& Lake Superior
St. Paul & Duluth.
Kan. City St. Jos. & Council
Missouri Kansas & Texas.
Bluffs.
& Neosho
Terre Haute & Southeastern
Evansville & Indianapolis.
Texas Mexican
Mexican National.
Toledo Ann Arbor & No. Michigan. Ann Arbor Railway.
Toledo Belt
Wheeling & Lake Erie.
Toledo Cincinnati & St. Louis
Toledo St. Louis & Kansas City.
Toledo Columbus & Cincinnati
Toledo & Ohio Central.
Toronto Grey & Bruce
Canadian Pacific.
Troy & Boston
Fitchburg.
Tebo
Tunnel Railroad of St. Louis
Terminal Ass'n of St. Louis.
Union
Northern Central.
Union Paciflo Denver & Gulf
Colorado & Southern.
Union & Logansport
Pittsburg Cincin. Chicago & St. L.
Union Ter. Ry. of Kansas City, Kan. Kansas City Suburban Belt.
Union Tobacco
American Tobacco.
United States Cordage
Standard Rope & TwinefMisc.Co's.).
Upper Coos
Maine Central.
Utah Central
Rio Grande Western.
Utah Nev. <fe Cal
Oregon 8hortLine.
Utah & Northern
Oregon Short Line.
Utah & Pacitto
Oregon Short Line.
Utah Southern
Oregon Short Line
Utica & Black River
Rome Watertown & Ogdensburg.
Valley Ry of Ohio
Venice & Carondelet
Verdigris Val. Independ'ce
Vicksburg& Meridian
Virginia & Tennessee
.
&
Cleveland Terminal & Valley.
Louisville Evans. & St. L. Consol.
West.. Missouri Pacific.
Alabama & Vicksburg.
Norfolk & Western.
Waco & Northwestern
Houston & Texas Central Railway.
& Nashville.
New York New Haven & Hartford. Walker Co
.We8t'ghouseEl.&Man.(Mi8C.Co's.).
Ware River
Pecos Valley
Boston & Albany.
Pecos Valley & Northeastern.
Pennsylvania Mfg. Light & Power. Philadelphia Electric.
Warren & Venango
Dunkirk Allegheny & Pittsburg.
Warwick Valley
Pennsylvania & N. Y. Canal
Lehigh & Hudson River.
Lehigh Valley.
Washington City & Point Lookout. Baltimore & Ohio.
Penn. Poughkeepsie & Boston
Lehigh & New England.
Washington Ohio & Western
Penobscot Shore Line
Maine Central.
Southern Ry.
Wellington Grey
Pensacola & Atlantic
Bruce
Canadian Pacific.
Louisville & Nashville.
Western
Petersburg
& Atlantic
Nashville Chattanooga
Atlantic Coast Line RR. of Va.
St. Louis
Western Equipment
Philadelphia & Reading
Readin g Company.
Pere Marquette.
Phil. Reading & New England
Western Minnesota
Central New England Railway.
Paul
<&
Northern
Paciflo.
St.
Pittsburg Akron & Western
Western North Carolina
Southern Railway.
Northern Ohio.
Western Pacific
Pittsburg Cincinnati & St. Louis
Pitts. Cinn. Chic. & St. Louis.
Central Pacific.
Pittsburg & Connellsville
West Jersey
Baltimore Ohio.
West Jersey A Seashore.
Pittsburg Shenango & Lake Erie... Pittsburg Bessemer & Lake Erie.
West Wisconsin
Chic. St. Paul Minneap.* Omaha.
Wilkesbarre & Eastern
Pittsfleld & North Adams
Boston & Albany.
N. Y. Susquehanna & Western.
Willmar & Sioux Falls
Pleasant Hill & De Soto
Kansas City Clinton & Springfield.
Great Northern.
Wilmington Columbia & Augusta... Atl. Coast Line RR. of So. Car.
Plymouth & Middleboro
Old Colony RR.
Portland & Ogdensburg
Wilmington & New Bern
Wilmington & Weldon.
Maine Central.
Wilmington Ry. Bridge
Portland & Rochester
Carolina Central.
Boston Mrine.
Portland 8aco & Portsmouth
Winona «& St. Peter
Chicago & North Western.
Boston & Maino.
Portsmoueh & Dover
Wisconsin „v Minnesota
Wisconsin Central Company.
Boston & Maine.
Portsmouth Great Falls & Conway .Boston Maine.
Wisconsin Minnesota & Paciflo
Minneapolis & St. Louis.
Wisconsin Valley
Postal Telegraph Cable
Chicago Milwaukee & St Paul.
Commercial Cable.
Prescott& Eastern
Worthington, Henry R. Co
International Steam Pump Co.
Santa Fe Prescott
Phoenix.
Wyoming Southern..
Union Pacific.
Ijaincy Alton & St. Lnu<s
Chicago Burlington & Quincy.
York &Peach Bottom
Baltimore & Lehigh.
Ravens wood Spencer & Glenville. Ohio River.
Zanesville & Ohio River
Ohio & Little Kanawha.
Republican Valley
Chicago Burlington & Quinoy
JKanesville Terminal
Columbup Sandusky & Hooking.
Paducah Tennessee & Alabama
Pawtuxet V alley
Louisville
<fe
<fe
<fe
<fe
<te
<fe
.
RAILROAD
(For Miscellaneous Companies
COMPANIES.
pages 156 to 174 inclusive.)
ski:
EXPLANATORY.— This Supplement Is expressly Intended for use In connection with the Investment news and official reports published
from week to week in the Chronicle. Frequent references are therefore made to the volume and page of the Chronicle (as, V. 64, p. 000)
where fuller information may be found. Following each statement also is given a reference to the latest news item in the Chronicle respecting
the company. As every such item contains a reference to the last preceding item, the reader can run back over the company's history
at pleasure. Annual reports are in black-faced figures, and italics indicate a paragraph headed by the name of some other company.
Index.— Any company not in its regular alphabetical order may be found by means of the Index to roads leased and consolidated.
Dividends.— The dividends tabulated in the text are those actually paid during the calendar years named, irrespective of when earned.
Net earnings are given after deducting operating expenses and usually taxes, but not interest, rentals or other fixed charges.
Securities.— These are described in table at head of page [except the slock, for lack of space, sometimes only in text below] as follows
Miles o/ flood.— Opposite bonds, this means the miles or road owned covered by the mortgage.
Size or Par Value.— Shows (in dollars unless otherwise marked), the denominations or par value, " 100, <fcc," signifying $100 and larger
Kate Per Cent.— The interest and dividend rate, per annum is here shown g., gold; our., currency x, extra; s. stock or scrip.
When Payable.—J. & J. stands for January and July F. &, A., February and Aug'ist M. & S., March and September A. & O., April and October;
M. & N., May and Nov.; J. & D., June and Dec; Q.—J., quarterly from Jan.; Q.— F., quarterly from Feb.; Q.— M., quarterly from March.
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.
or "income mortgage;" g. for "gold;" o. or cur. for "currency;" guar. p. <fe 1. for "guaranteed prinoipal and interest;" cum. for
" cumulative " non-cum. for " non-cumulative " conv. for " convertible " pref. for " preferred " s. f. for " sinking fund " 1. gr. for " land
grant;" r. " registered; " c. "coupon;" ©.* "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. in." "per mile;" as'd "assumed." "x" Prinoipal and interest pay;iile without
deduction for any tax which the company may be required by law to pay. " n " No more issuable.
Mortgage Trustees are indicated thus
;
:
;
;
;
;
;
;
;
New York City—
Atlantic Trust.
Ce— Central Trust.
Co— Continental Trust.
K— Farmers' Loan & Trust.
Boston—
A B— American
Guaranty Trust.
Knickerbocker Trust.
Ma.—Manhattan Trust.
NB— New England Trust.
OB— Old Colony Trust.
A—
O—
K—
Me— Mercantile Trust.
Mp— Metropolitan Trust.
N— N. Y. Security & Trust.
H— State Trust.
II n— Union Trust.
Us— United States Trust.
Usui— U.
B.
Mort.
II
ChicagoLean & Trust.
IJ— Boston Safe Dep.
&
Tr.
Ill— international Trust.
iH
Illinois Trust,
&
Ik
Sav. Bk.
MC— Merchants' Loan & Tr
U— Massachu'tts Loan & Tr. N(!Northern Trust.
RC— Royal Trust.
UC— Union Trust.
Baltimore—
RBaFBu—
M Ba—
[Vie
Halt. Tr. & Guaranty.
Fidelity & Deposit.
Maryland Trust.
Ba— Mercantile Tr. & Dep.
& Trust Co. S Ba—
Safe Dep.
& Trust
Co.
Pittsburg—
Louisville—
CL— Columbia Finance & Tr. PPl—Fidelity Title & Trust.
FL— Fidelity Tr. Safety Vlt. P PI— PittBDunr Trust.
LL— Louisville Trust.
UPi— Union Trust.
EC— Equitable Trust.
It!—
;
St. Louis—
Philadelphia—
FP— Fidelity Insur'nce Trust Mt3t— Mississippi Valley Tr
& Safe Deposit.
SSt— St. Louis Trust.
GP— Girard Life Insurance USt— Union Trust
Cincinnati—
Annuity & Trust.
CCi— Central Trust & Safe (in P— Guaranty Tr. & S.Dep.
Deposit.
PF— Penn. Co. for Insur. on San Francisco—
Lives & Gr. Ann.
UCi— Union Savings Bank &
CS— California Safe
Knd Tr. & S. Dep.
& Trust.
Trust
W P— West
Deposit
Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Dae.
Date Size, or
Amount
of
Par
Rate per When Where Payable, and by Stocks— Last
Outstanding
Subscriber** will confer a great favor by giving
RAILROADS.
For explanation
of
column headings. &o. see notes
above.
—
Aberdeen <£ Asheboro Aber. & West End 1st mort.
Adirondack.— 1st M., gold, gu. p. <fci. end., Us o*<fer
Alabama Great South'n—"B" shares (English Co.).
Pref. "A" shares, (English Co.) 6%, £800,000....
IstM. (American Co.) gold, $1,750,000
F.o
Gen.M.,£l,160,000,red.at 110 Junel,'98.Ce.c
Debentures, gold (English Co.)
Ittp.xo*
IstM., Spragueto Luverne.gold
Ala.N. 0. Tex. <6 Pac. June—Deferred "B" shares...
Preferred "A" shares, 6 p. c. cumulative
"A" deben., red. aft. Nov.1,'10, at 1 1 5— See text, c
"B" debentures, income, red. after 1910 at 115.
"O" deb., income, subject to call any time at 100.
Interest cert, (secured
—
by £34,193
"C"
1890
1892
Value.
Cent.
$50,000
1,000,000
$1,000
1,000
6
Payable
Whom.
&
&
Balt.,Mer.Tr.& Dep.Co.
N.Y.Of.,21Cortlandt8t.
Dividend.
1910
1942
London.
Dec, 1892
'99
Dec,
do
J. & D.
3%
J. & J. N. Y.,Farm.L.&Tr.& Bos Jan. 1, 1908
J. & D. London, Glyn,Mills&Co. Deo. 1, 1927
do
do
Aug. 15, 1906
F&A15
By sink'g fund
do
do
vest. Co owns $2,425,000 of th ls.1
vest. Co owns $1,200,000 of th 18.]
M. & N. N.Y.,Met'politan Tr.Co. Nov. 1, 1928
Deo. 1, 1929
J. & D.
J.
4*2 g.
M.
J.
S.
Jan.,
Dec.
1,
£10 £1,566,000
£10
£676,070 6 in '99
1878 $1,000 $1,750,000
6g.
1888
£100
£526,000
1888
£100
£134,000
6g
1888 Various,
£53,257
4
[Plant
In
$2,625,000
SlOO
100
1,600,000 [Plant In
1888 $1,000 u 2,800,000
18110
1,000
500,000
6g.
£10 £2,500,000
£10 £1,500,000
1890 £50 &o.
£748,850
5g. M. & N. Lon.,Glyn,Mills,C.&Co. Nov.1,1910-40
1890 £20 &C £1,048,390
5% for '99 pd. Feb. 1900. Ndv.l, 1910-40
1890 £20 &C
£810,652
5 g. A. & O. 138%for'99pd.Feb.l900 Nov. 1, 194«
£28,494
100
$700,000 5 in 1899 Yearly. New Orleans, Offloe. Aug.15,'99,5%
1881
1,000 n 1,000,000
6g. A. & O. N. Y., Central Trust Co. Apr. 1, 1921
1889 100 &0.
do
Apr. 1, 1921
do
588,800
5 g. A. & O.
1889 100 &c
do
do
Apr. 1, 1921
638.300
5 g. A. & O.
£*
-
.
.
175
33
deb.)
Vicksburg Stock
Vioksburg & Mer. 1st M. gold, $1,000,000.. F.xo
Ala. & Vicks. oonsol.lst M., ($1,800,000) g..Ce.c
2d M., orlg. $700,000, ino. till Apr., '94, g.Ce.c
<6
64
57
297
297
297
297
o
Funded arrears of dividend (English Co.)
Alabama Midland— Common stock
Pref. stook, 6 p. ot., non-cum.; no voting power..
1st M., guar. p.<fci. end. Sav. F. & W., gold.Mp.xo
Alabama
Miles
of
Road, Bonds
143
143
143
143
n No further bonds issuable.
RR,-
&
Aberdeen
Asheboro
Aberdeen to Asheboro, N. C, 56
m.; Biscoe to Mt. Gilead, 21 m. Stock, $250,000; par, $100. Earnings
lu year 1898-99, gross, $98,140; net, $33,914; int., taxes, etc., $8,933;
div. (4 p. c), $10,000; bal., sur., $14,981.
Addison
Pennsylvania
Owned Addison, N. V., to
Gaines, Pa., 41 miles, and leased Gaines to Galeton, Pa., 5 miles.
Foreclosed, three compan'es being formed to take title to the different
portions, all of whloh in Sept., 1898, leased their respective properties
to the Buff. & Bus. at fixed rentals for 25 years.— V. 67, p. 427.
Adirondack Ry.— Saratoga to North Creek, N. Y., 57 m. Stook,
$2,600,000 ; par, $100. The bonds oarry the endorsed guaranty of the
Delaware & Hudson $1,000,000 bonds reserved for extensions at
$20,000 per mile of oompleted road. In year ending June 30, 1899,
gross, $186,762; net,$5«,191; other Income, $261; oharges, $52,798;
In 1897-98,gross,$208,305;net,$72,496. (V. 59, p. 1102; V. 69, p. 1010.)
Great Southern
(See Map Southern Railway.)—
Owns Wauhatohie, Tenn., to Meridian, Miss., 291 miles; branch lines
•wned, 6 miles ; leases Wauhatohie to Chattanooga, 5 miles, and Belt
Ry. of Chattanooga, 43 miles; trackage to Blookton, Ala., 8 miles, and
Woodlawn, 19 miles total operated, 372 miles.
Organization.— Controlled by Southern Ry., but operated Independently. V. 60, p. 26; V. 61, p. 375.
Ala. Great So. Ry., Limited,
owns all of the stock and debentures of Ala. Great So. RR., and has
issued in place thereof its own stock and debentures respectively
for a like amount. The two companies own jointly $833,300 stook
of Southwestern Construction Co. reoeived in exchange for $333,330 Cin. N. O. & Tex. Pac stook. See V. 65, p. 1173.
Stook.— Of the oapttal stook of the English Co. the Southern Railway
Co. on July 1, 1898, owned $1,725,000 "A" shares and $4,540,050
*' B" shares.
V. 61, p. 26. For right to dividends see Maroh, '94, Supp.
&
By,-
;
RR.—
Alabama
;
696600609
00
000000
Dividend— V89. *90. '91. '92. '93. '94. '95. '96. '97. '98. '99.
"A" shares. % }
6
6
"B" shares. %)
1^ 113
Bonds.— General M. 6s, £484,000, will retire 1st 6s and debentures
Latest Earnings— 8 mos. s 1899-OO.Gross, $1,448,615; net,$475.042
July 1 to Feb. 28.
\
1898-99.Gross,
1,210,258; net, 416,195
Annual Report.— Report
for 1898-99 was in V. 69, p. 1058, showing: Gross, $1,816,523; net, $570,338; other income, $7,030; Interest
on bonds, $282,832; income tax, etc, $19,412; balance for stook,
$275,179; dividends on stook of Amerioan Co. (6 per cent), $190,576.
In 1897-98, gross, $1,741,933; net, $559,029; other Inoome,
$7,359; interest and reutals, $282,862; other charges, $17,587; balance for stook, $265,939 dividends on stook of Amerioau Co. (6 p. c),
*190,571.-<V. 67, p. 1158; V. 69, p. 1058.)
;
Alabama Midland Ry.— ("See Map Sav. Florida <C Western.)—
Bain bridge, Ga., to Montgomery, via., 175 miles; branoh.Sprague Junction to Luverne, 33 miles; total owned, 208 miles. Operates Abbeville
Southern, Abbeville Junction to Abbeville, 27 miles; oompleted Nor.,
1893.
Bonds due 1928 have been reduced from 6 to 5 p. c and
stamped prinoipal and interest guaranteed in gold by the Sav. Florida
& West. Bonds of 1890, mostly held by the Plant Investment Co., whloh
controls the Alabama Midland stock. Current accounts payable June
30, 1898, $1,868,861.
Earnings.— 8 months,
1899-1900.. Gross, $645,1 63; net, $177,266
,1898-1899.. Gross, 561,273; net,
91,042
In 1898-99, gross, $828,170; net, $129,836. For year 1897-98, gross,
$766,274; net, $143,679. 1896-97, gross, $671,456; net, $111,650.
July 1 to Feb.
>
-.8.
Alabama New Orleans Texas & Pacific Junction Hallways Co. (Limited.)—This is an English company controlling Alabama & Vioksburg, 143 miles; Vioksburg 8hreveport & Pacific, 189
miles New Orleans & North Eastern, 196 miles.
Securities owned.— Ala. & Vioksb $30,000 1st mort., $387,700 2d
;
$141,100 consol. 1st M. and $387,700 stock; Vioksb. Shreve.
$3,692,000 1st M., $1,364,000 3d M., $494,860 4 p. o. incomes and $1,594,000 stook New Orleans & North East., $4,900,000
IstM. and $4,320,000 stook; S. W. Construction Co., $448,700 stock;
overdue coupons N. O. & N. E. and V. S. & Pac Dec, '99, £1,134.231.
Coupons Paid— For '91. '92. '93. '94. '95. '96. '98. '99. '00
..
"C" Debentures.. P.c
None.
|..
l^s
"B"
-875
2*3
2% 413 5
do
1
..
P.c. 2i« 2»a
Nov.,
inclusive.
"A"
do
All ooupons paid to
1899,
..
Earnings. See separate statement for each of the controlled companies. In year ending Deo. 31, 1899, net from investments was
£103,349; paid general expenses (£3,478), Income tax (£2,494), interest on " A" debentures, (£36.194), on "B" debentures 5 p. 0. (paid In
Feb., 1900), £50,672; on"C" debentures. £10,775; balanoe, including £1,118 from 1898, £853.— (V. 66, p. 284; V. 70, p. 125, 3*7.)
Alabama <fc Vicksburg Ry.—Owns Vioksburg to Meridian, Miss.
and branoh, 143 miles, all steel rails. Controlled by Alabama New
Orleans Texas & Pacifio Junotion Co.— which see. Reorganization of
the Vioksburg* Meridian foreclosed Feb. 4, 1889 (see V.48, p. 190).
Stock.—The stockholders voted on Maroh 19, 1900, to increase the
oapital stock from $700,000 to $1,050,000.— V. 70, p. 03 2.
Dividends.— 1890 to '92, 3 .p. c yearly; '96,3; '97, 5; '98, 5; '99, 5.
Bonds.—The new seconds were income till April 1,1894, and are a
Of the $1,800,000 consols authorfirst lien on the lands— 77,841 acres.
ized, $1,000,000 are with trustee to retire V. & M. firsts. Right to call
Vloks. & Meridian assenting bonds expired April 1, 1897.
Earnings.— Fiscal year ends June 30. In 1999-0, July 1 to Mar. 31
Report for
(9 months), gross, $669,890, against $537,6u7 in 1898-9.
1898-99 in V. 69, p. 1008.
Bal. sur. Diridend.
Interest, etc.
Xet.
Tears—
Gross.
$69,366
$122,062
$35,000
1898-99... $697,538
$191,428
80.336
123,137
35,000
1897-98... 632,054
203,523
-(V. 67, p. 950; V. 69, p. 1008. V. 70, p. 327, 632
mort.,
&
Paoiflo,
;
—
INVESTORS' SUPPLEMENT.
12
[Vol.
LXX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
RAILROADS.
For explanation of oolumn headings,
on first page of tables.
Miles
Date
Size, or
of
of
Par
&o., see notes
Road. Bonds Value.
$100
Albany <6 Northern- -Stook
1st mortgage
Albany <& Siwc—Stock, divi'ds guar, by D. & H. (end)
Consol. M. f (guar. p.& i. end.) ourrenoy 7s. F.c*<fcr
1896
1,000
100
142
142
12
6s, interest only in gold
do
nowlstM. 5
Albany dt Vermont—Stook, 3 p.o. guar, by rental)..
61
Allegheny <& Western— Stock ($3,500,000)
61
1st M. $2,500,000, gold, guar., p. & i. end.CJ
259
Allegheny Valley— Common stook for $12,000,000..
259
Preferred stook for $18,000,000, 3 per cent cum.
259
1st M., low grade, East'n Ext., guar. Penn. RR..0
Mort. to State Pa., $100,000 due Jan. 1, yearly, .r 259
Gen. M. ($20,000,000) g., guar. p.& i. FPl.x.o*<fer 259
Allenlown RR. (leased to Phila. & Reading Ry.)
3
Allentown Term'L— 1st M., guar.p.&i.(end.)g.Ce.xc*
Ann Arbor Railroad— Common stock
Preferred stock ($4,000,000), 5 p. c, non-oum...
x.c*
292
1st mortgage, $7,000,000, gold
20^
Annapolis Washington <6 Baltimore— Stock
25
o"
Arizona dt Utah—1st M., $600,000, gold. Co
74
Ark.Midl'd— 1st M. ($6,000 p.m.)g.,red.atllO.Ce.o*
Arkansas dt Oklahoma—-1st M., g., $10,000 p. in.. 175
134
Ashv. dt 8part.—B.V.& C. 1st M.,g., gu. by So. Ry.Ce
Ashland Coal dt Iron Railway—-1st mortgage
com..
7,355
Atchison Topeka & Santa Fe Ry.— Stock,
Stook, preferred, $131,486,000, 5 p. o., non-cum..
m.)
cur.F..o
150
Chic. & St. Louis 1st M. ($10,000 p.
Old bonds not assenting to reorg. of 1889... C&r
Un.o'&r 7.327
General mortgage, gold, see text
Ad), ino. M., non-cum. till July 1,1900, g., Ce.c*<fer 7,327
Equip. Tr., Ser. A., g., $250,000 dr. y'ly at par. . .c
.
Mp
1876
1876
1,000
1,000
1898
1,000
100
100
50
50
1870 $& s,
1870 100,000
1892
1,000
50
1889
1,000
100
100
1895
1,000
100
1899
1,000
1891
1,000
1900
1,000
1895
1,000
188C
1,000
100
....
100
1885
1,000
Amount
Outstanding
Bonds— PrinciINTERE8T OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable and by Slocks— Lasi
Cent.
Payable
Whom.
Dividend.
$350,000
400,000
J.
3.500,000 7 in 1899 J.
n3,000,000
7 our. A.
A.
117,000,000
600,000
I'2,850.000
2,000,000
10,544,200
17,172,400
9,998,000 6 g. or 7
1,000,000
5
5,692,000
1,268,884 inol. $i,
11450,000
4g.
3,250,000
4,000,000
ll
n7.000,000
4g358.000 See text
334.000
6g.
176,000
6 g.
None 1900
1,000,000
S
244,000
7
102,000,000
114,199,530 2i4in'99
nl,500,000
6 cur
693,210 Various.
1895 500 &c. 129,637,000
4g.
1895 500 &o. 51,728,000
4g.
1892 500 &c.
500,000
5g.
-
M.
J.
A.
&
&
&
&
&
&
Jan.
J.
J.
O.
O.
N.
J.
&
O.
1,
1946
N.Y.,Del.&Hud.Can.Co. Jan., '00, 3i«
do
Apr. 1, 1906
do
do
Apr. 1. 1906
do
Troy, N. Y.
May, '00, 1^%
New York.
N. Y., Gallatin Bank.
Oct. 1, 1998
\
& O. Phil., Pa. RR. Co. &Lon April 1, 1910
Pittsburg, Pa.
J. & J.
Jan. ,'01, etc.
M. & 8. Philadelphia.Pa. RR.Co Mch. 1, 1948
076,400 under Reading Co.mort. of 1896.
New York and Phila. July 1, 1919
J. & J
A.
l
Q.-J.
J.
A.
J.
J.
J.
F.
J.
M.
N.Y., Metropol. Tr. Co.
A
&
&
&
&
&
&
&
N. Y.,H.Tallmadge& Co,
Bankers' Tr. Co. N. Y.
N. Y., J.P. Morgan & Co
A, First Nat. Bk„ Cincin,
&
O.
Stk.own.by B.& A.Sh.L
O. N. Y., Contin.Trust Co,
J.
J.
J.
J.
J.
S.
1930
Jan.
1,
1,
Aug.
1995
1900
Checks mailed fr. N. Y Feb. 1/00. Ha
N. Y., 59 Cedar Street Mch. 1, 1915
New York, 59 Cedar St.
See a Paid 4 p.o. Nov. 1, 1899
J. & J. New York and London.
A.
July 1, 1995
See text.
Apr. 1, 1929
July 1, 1911
Various.
Oot. 1, 1995
July
1,
1995
Jan.l, 1901-02
cur., currency.
a Par tly No v. 1; pa rtly M. & N.; see opti on of ex change V. 69, p. 954.
n No further bonds issuable.
Arizona & Utah Ry.— Owns McConnico .to 3*3
Albany & Susquehanna RR.— (See Map Delaware dt Hudson.)—
Binghamton, N. Y., 142 miles. Leases,
Cobleskill, N. Y., to Cherry Valley, 21 miles, practically owned by
D. & H.; total operated, 163 miles.
Leased for 150 years from Feb., 1870, to Delaware & Hudson Company. Lessee guarantees 7 p. c. per annum on stock till Albany City loan
for $1,000,000 is paid by sinking fund, thereafter 9 p. c. (See wording
of guaranty in V. 56, p. 774.) TUe last instalment of the Albany City
loan was paid May 1, 1897, but the sinking fund fell $296,878 short of
meeting the principal. This amount has been borrowed, payable in
semi-annual instalments up to May 1, 1902, and will be met from
sinking fund (now $70,000 yearly) before dividends are increased.
Annual Report.— Earnings for years ending June 30
Road.— Owns Albany,
to
Bal.,sur.
Net.
Char, d taxes.
Gross.
$767,693
$4,245,432 $1,886,012 $1,118,319
709,243
1,113,184
1,822,427
4,125,187
p. 355, 879; V. 67, p. 954; V. 68, p. 976; V. 69, p. 384, 1061.)
Owns road from Albany to WaterVermont
Albany
ford Junotion, N. Y„ 12 miles, Leased to Rensselaer & Saratoga in
1860 and now operated by D. & H. Canal Co. Annual rental, $20,000.
Western Ry.— (See Map Buff. Roch. dt Pitts.)—
Allegheny
Punxsutawney to Butler, Pa. (about 60 miles), opened !«ept. 4, 1899.
for
An extension of Buffalo Rochester & Pittsburg, to which leasedPitts.
guaranty of bonds (4s) and 6 per cent yearly on stock. Uses
& West, from Butler to New Castle and Pittsburg under a trackage arrangement, making in all 135 miles. V. 69, p. 38J, 500; V. t,7, p. 1355.
Allegheny Valley Railway.— Owns from Pittsburg to Oil City,
Pa., 132 miles Red Bank, Pa., to Driftwood, 110 m others, 17 miles.
Brookville, Ry., 13 miles, is controlled. See V. 64, p. 1179.
Organization, &c— Reorganization March 1, 1892, of the Allegheny
Valley Railroad, sold in foreclosure Dec. 15, 1891. Plan of reorganization, etc., was in V. 53, p. 324, 368, 520 V. 54, p. 409, 524. Road controlled by the Pennsylvania RR. Co. as majority stockholder, owning
$9 653,800 common and $11,431,656 preferred stock. Wording of
pref. certificate was in editorial of Supplement of Oct. 30, 1897, p. 3.
Bonds.— General mortgage has principal and interest unconditionally
guaranteed by Penn. RR. by endorsement on each bond. Real estate
mortgages, Jan. 1, 1900, $510,747.
Gross, $508,297; net, $125,142
Latest Earnings- 2 mos. > 1900
Gross, 410.785; net, 146,562
$ 1899
Jan. 1 to Feb. 28.
Report for 1898, V. 66, p. 1 234. In 1899, gross, $3,183,045; net, $1,106,896; int., taxes, etc., $1,081,631; bal., sur., $25,265.-V. 69, p. 77.
Toptonto Kutztown, Pa.^^in.; Reading system
Allentown
Allentown Terminal Railroad.— Owns 3^ miles of railroad in
Allentown Pa., connecting the East Penn. (Philadelphia & Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia &
Reading and Central of New Jersey (by assignment from Lehigh Coal &
Navigation Co.) at interest on bonds and 5 p. c. on $450,000 stock (par
$50), bonds being guaranteed, principal and interest, by Philadelphia &
Reading (foreclosed) and Lehigh Coal & Navigation. The Phila. &
Reading Ry. Co. in 1896 assumed the Reading's share of the old lease.
Road.— Owns road from Toledo, O., northAnn Arbor
westerly to Frankfort, on Lake Michigan, 292 miles; operates car
ferries between Frankfort, Mich., Kewaunee and Maintowoc, Wis.,
and Menominee and Gladstone. Mich. The Flint & Pere Marquette
(now Pere Marquette) and Detroit Toledo & Milwaukee use the Toledo
terminals. Through friendly interests controls the Menominee & Sti
Paul RR., which will provide terminals for the road at Menominee.
Organization.— Successor Nov. 1 1895, to Tol. Ann Arbor & Nor.
Mich., sold in foreclosure in 1895 and reorganized under the Quintard
Lawrence plan in V. 59, p. 782, the Escanaba Frankfort & S. E.
being formally absorbed.
Stock.— Pref. stock certificate in editorial in Supp. Oct. 30, 1897, p. 3.
Bonds, Etc.—The first mortgage (trustee, Metropolitan Trust Co.
N. Y.) covers entire property, including terminals and freight boats.
Floating debt June 30, 1899, notes payable $71,002 current liabilities, $254,404; cash and current assets, $337,809.
Gross, $143,211; net, $42,348
Earnings.— 1 month, )1900
Gross, 124,207; net, 40,956
Jan. 1 to Jan. 31. 51899
Annual Report.— Report for year ending June 30, 1899, was in
69 p 692 (see also editorial p. 668), showing Gross, $1,519,334; net>
interest, $288,803 balance, surplus, $17,988
after taxes, $306,791
In 1897-98, gross, $1,415,560; in 1896-7, gross, $1,229,437.
Directors.—President. W. R. Burt; G. W. Quintard, J. Edward Simmons. Franklin B. Lorn, R. C. Martin, H. W. Ashley, John Jacob Astor,
R. D Murray, Charles Burt, William C. McClure, A. W. Wright, Amos
F Eno. D. C. Tate. (V. 62, p. 455; V. 68, p. 278 V. 69, p. 692.)
Owns road from
Annapolis Washington &. Raltlmore
Annapolis to Annapolis Junction, 20^ miles. Controlled by the Bait.
& Ann. Short Line, which owns the stock. (V. 64, p. 1223.)
1898-9
1897-8
-(V. 63,
RR.—
&
&
;
;
;
RR.—
RR.—
,
V
:
'>
;
;
;
RR.—
'97.
87. '88. '89. '90. '91. "92. '93. '94. '95. '96.
4Ls 4
4*4 53« 6% 5^ 636 4J* 4*4
5
3
Earnings.— For year ending June 30, 1899, gross, $59,978; net, after
balance,
surplus
for
dividends,
$15,215;
year,
$44.
taxes, 15,259;
President J. Wilson Brown, Baltimore. (V. 65, p. 410.)
Dividends—/
Rate
p. c.
\
miles beyond
Chloride, Ariz., 25 miles, opened Aug. 18, 1899; trackage, Kingman
to McConnico, 4 miles; total, 29 miles.
Also under construction, Chloride to White Hills, 25 miles, expected to be completed
during 1900. Stock, $600,000; outstanding Apr. 30, 1900, $467,000 par, $100. Of the bonds $334,000 were issued on first 25 miles,
and balance is to be issued on completion of remaining 25 miles.
The loan is not subject to call as an entirety, but a sinking fund will
retire at 110 (drawings by lot) one per cent semi-annually, commencing June 1, 1903. First coupon payable in 1900. President, F. L.
Underwood Sec. and Treas., Charles E. Morris. 31 Nassau St., N. Y.
;
;
Arkansas
& Choctaw Ry.— Projected from
Ashdown, Ark., to
about 150 miles. In June, 1899, operated from Ashdown
to Choctaw City (owned), 23 miles; Texarkana, Tex., to Ashdown, Ark.,
trackage 20 miles; Poteau, I. T., to Bonanza, Ark., 19 miles; total, 62
miles. Stock, $1,500,000; par, $100; outstanding Jan. 1, 18^9, $177,000. No bonds had been issued Jan. 1, 1899.
For year ending June
30. 1899 (43 miles); gross. 69,719; net. 24,714; total deductions, $352;
t
dividends, *18.. 00; balance, surplus, $5,862. Pres., R. H. Keith; Sec.
and Treas., E. E. Riley, Kansas City, Mo.
Arkansas Midland RR.— Owns from Helena, Ark., to Claren
don, 50 miles; Pine City to Brinkley, Ark., 24 miles. Mortgage is for
$516,000, but $216,000 can be issued only in case the entire 86 miles
is laid with 56-pound steel rails. Capital stock, $1,625,000 (par $100.)
Dividends paid: In 1895-6, 1-348 per cent; in 1896-7, -74 p.o.; in
1897-8, 1-92 p. o. Loans and bills payable June 30, 1898, $2,073.
Earnings.— 2 months, ) 1900
Gross, $17,911; def., $8,896
Jan. 1 to Feb. 28.
Gross. 18,662; sur., 1,987
S 1899
Atoka,
I.
T.,
Year 1898-99, gross, $li!l 970; net. $25,170; interest and taxes,
$16,405; bal., sur., $8,765. President, John J. Horner.— V. 69, p. 1300.
Arkansas Oklahoma
Rogers, Ark., to Southwest City
Mo., 36*2 miles, operated in Mar 1900; also under construction to
Grand River, I. T., 16 miles. Projected thence westerly into Oklahoma Ter., maKing a total of 175 miles. Stock, $300,000; par $100; all
paid up. President, J. M. Bayless, Bentonville, Ark.— V. 70, p. 632.
Asbevllle
Spartanburg
(See
Map of Southern
Ry.)—Spartanburg June. 8. C, to Asheville Junction. N. C, 66 miles;
Alston to Spartanburg (formerly Span an, Un. & Col.), 68 miles.
The Southern Ry. owns $1,048,000 of the $1,050,000 A. <fe S. stock and
guarantees the S. U. & C. bonds, which cover entire property. (V. 63, p.
In year 1898 gross, $452,277; net, $112,589.— (V. 63, p. 360.)
300.)
Ashland Coal Iron Ry.— Ashland to Straight Creek Junction,
Kv., 22 miles. Chesapeake & Ohio has trackage over this road. Stock,
$1,494,500. Year 1898-99, gross, $111,674; net, $59,780; in 1897-98,
gross, $125,906; net, $61,506. Dividends in 1895-96 4 p. 0.; in 1896-7, 4
p. 0.; in 1897-8, 4 p. c; in 1898-9, 4 p. c.
&
RR.—
,
&
RR.—
&
&
RR.—
Columbia River
Astoria
Goble to Seaside. Ore., 79
miles; branch, Warrenton to New Astoria, 2 miles; trackage, Goble to
Portland, 40 miles; total, 121 miles. Stock, $2,000,000; par, $100.
In 1896 made a mortgage to secure $8,000,000 100-year bonds, issuable at $40,000 per mile. Central Trust Co., Trustee. Year ending
June 30. 1399, gross, $168,546; net, $44,160; charges, $146,457; bal.,
def., $102,297. Pres., A. B. Hammond, Astoria, Ore. (V. 67, p. 426.)
(The) Atchison Topeka & *a nta Fe Railway.— (See Map)—
The system owned and operated Dec, 1899, comprised 7, 355-52 miles
of railroad, and embraced an unbroken line of track from Chicago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Pacific Ocean;
also to Galveston, Tex., and the Gulf of Mexico, the divisions being:
458 Mojave, CaL, to Stockton
Chicago to Kansas City, Mo.
303
571 Newton, Kan., to Galveston. 750
Kan. City to La Junta, Col.
.
I
. .
LaJunta, Col.,toDenver,Col. 180 Albuquerque,N.M.,toElPaso 254
La Junta to San Diego, Cal.. 1,318
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 accordance with a reorganization plan. (V. 60, p. 658.)
The railway company In July, 1899, owned in fee 2,219 miles of the
system, including the line from Atotuson to the western boundary of
Kansas, 471 miles, 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). In Dec, 1899, direo'
ownership of 4,000 miles in all (including lines already owned) was
arranged. See V. 69, p 1300.
For operating and statistical purposes the system is divided as f oil o ws.
|
W iles.
Miles.
4,866-87 Santa Fe Paci do
886-56
Atchison T. & S. F
1,127-81 Southern California, etc.
486-98
Gulf Colo. &S. F
7,355-52
Total of all (less 12-69 miles of joint trackage)
In December, 1898, acquired at par practically all the $2,462,300
stock of the San Francisco & San Joaquin Valley Ry., which line,
completed in Apr., 1900, embraces 374 miles of road and
affords the Atchison an independent connection of its own to San
Francisco. An arrangement made with the Southern Pacitlo rompany
for trackage between Mojave, Cal.. and Bakerstield, 68 miles, to connect
the systems, was put in effect July 1, 1899, and this raileatre was added
to the Santa Fe Pacific Oot. 1, 1899. V. 68, p. 426. San Francisco*
.
April. 1900.)
RAILROAD STOCKS AND BONDS
13
IN VESTOKS'
14
SUPPLEMENT.
fVoL.
i
xx.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
RAILROADS.
Date
Size, or
Amount
Par Outstanding
of
For explanation of oolumn headings, etc, see notes of
Road. Bonds Value.
on flrst page of tables.
269
Charlotte—Stock (see text)
(old 7s ext. in 1897), see V. 64, p. 286.0* 265^ 1877
IstM. [voting power, 10 votes for each bondl cur.r 2651a 1877
1880
Inoome bonds (not cum.) 6s, ext. at 4% in 1900..
230 1896
Atlan. Knoxv. <£ No. Rt/.— 1st M., $1,500,000, g Ce
2d M., inc., $1,500,000 (trust. R.Est. Tr. Co.,N.Y.) 230 1896
First M. coup, scrip, Jan., 1900.— V. 69, p. 1145
"86
Atlanta <& West Point— Stock
Atlanta
Pref.
<&
M.
Debenture certificates
Atlantic Oily— IstM., $2,200,000, gold,. ...GP.xo
Atlantic Coast Line Co.(Conn.)— Stock, $30,000,000
"83
Ctf s.of indebt. $6,000,000,int.if e'rned.non-cuin.r
Atlantic Coast Line RR—St'k, com., $20,000,000...
Preferred stock, 5 per cent, $20,000,000
Certificates of indebtedness, $3,000,000
A.tl. Coast Line ItR. of So. Car.— Stk $3,000,000
Preferred, $2,0()n,00o, 6 per cent, non-cum
Cheraw & Darlington, 1st M., $400,000, g. .SBa
o*
Manchester & Augusta, 1st mortgage, gold
gold.
mortgage,
consol.
c
East
(8.
O.).
No.
—
66
65
102
192
674
Wilmington Columbia & Augusta, 1 st mort
Atl. Coast L., gen 1st M., $8,000,000, g.SHa.o*
Atlantic Coast Irine JtR. of Vir.— Stock, Class A Taxe
class B Notta
do
do
Do
59
Mortgage bonds, class A, gold
59
Mortgage bonds, class B, gold
23
Richm'd & Petersb., 1st mort. ($24,500 are 7s)
27
Consolidated mortgage for $1,000,000, gold.c*
.
Ahan.d Dan.— Ft.
stk., $3,200,000, guar., see text.
IstM., called, to be paid June 29, 1900... Me. xc
Atlantic <£ No. Carolina—Stock, $1,800,000
WIeRa
1st M.. $325,000
278
$100
$1,700,000
500,000
4,250,000
500
750,000
1,000,000
1,000
1,000
1,500,000
117,911
"Too
1,232,200
1881
1,000
1,232,200
2,200,000
1889
1,000
100 10,000,000
1897 100 &c. 5,000,000
See text.
See text.
See text.
100
2,538,200
100
1.888,000
18^8
7,000
i',000
22,000
1893
1883
1,000
694,000
1880
1,000
1,600,000
5,326,(00
1898
1,000
100
xp't.
1,000,000
100
x exp'
2,000,000
18-11
1,000
868,000
1881
1,000
800,000
340,500
1875 500 &o.
300,000
1890
1,000
3,099,200
i",6b"6
1,238,000
1895
100
1,797,200
1.000
325.000
1887
1,000
1,000
Ban Joaquin Valley (Bakersfleld to Stockton, Cal., 235 miles), will notbe
incorporated in the system as a separate operating division before
full operation of line to San Francisco. See V. 67, p. 817, 1206, 1261,
and official circular V. 67, p. 841; also V. 67, p. 1355; V. 69, p. 649.
In Dec, 1898, acquired the Wichita & Western, and in Oct., 1899. the
entire $2,580,000 stock of the Hutcbinson & Southern.— V. 69, p. 954.
8tock.— The preferred stock has preference as to dividends and
assets, and entitles the holders to non-cumulative dividends after
June 30, 1896, not exceeding 5 per cent per annum, as declared by the
board of directors out of net profits. No other mortgage and no
increase in the preferred stock oan be made without the consent of a
malority of all the preferred stock and of all common stock represented at a meeting. The total authorized amount of preferred stock is
8131,486,000, of which $20,000,000 was reserved. To acquire A. & P.,
Western Division, $9,200,000 of this $20,000,000 preferred stock was
issued in March, 1897, leaving $10,800,000 reserved to acquire other
lines; also $6,846,470 are in special trust for improvements, extensions, etc. Pref. stock certificates in Supplement of April, 1897, page
3. Common stock authorized, $102,000,000.
Dividend.— First dividend on preferred, 1 per cent, paid Jan. 26t
1899; July 20, 1899, 114 p. c; in 1900, Feb. 1, Ha p. c— V. 69, p. 1192.
Bonds.—The Gen. Mort. (Abstract V. 62, p. 731-739, see also V. 68,
p. 974) is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
of 7,327 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions, subject
only to liens on oertain equipment for about $500,000; to $1,500,000
of Chicago & St. Louis RR. Co. bonds (secured by lien on about 150
miles in Illinois), and to the remaining outstanding bonds of oertain
controlled companies, amounting in the aggregate to about $693,210.
General mort. bonds can never exceed $165,490,500, including $96,
990,500 issued in reorganization and remainder issuable as follows
Reserved—
In 1895.
In 1899.
car
trusts
at
a To retire guarantee fund notes paid and
—
,
$15,500,000
not exceeding $1,250 for each $1,000 of old bonds.
assenting bonds from reorganization of 1889
1,500,000
($1,560,950, since reduced to $693,210)
1,500,000
c Chicago 4 St. Louis 1st mortgage 6s
For improv'ts, terminals, second track, equip't, etc.,
exceeding
at
not
under carefully guarded restrictions
$3 000a 00 yearly, of which not over $750,000 for exten-
$3,113,906
30,000,000
20,000,000
22,047,471
8,407 623
. .
b
•
Non
sions
....
For acquisition of Atlantic
&
Pacific
and other
lines
634,000
1,600.000
The Adjustment Mortgage (Abstract V. 62, p. 739) is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
be
for the fiscal year up to 4 per cent and the rate is to
interest
determined on or before October 15 in each year
is non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue is limited to $51,728,000, but when the $30,000,000 general 4s authorized for improvements as above have been issued (i. e.,
not before June 30, 1905), $20,000,000 additional adjustment 4s may
be issued for the same purposes at not exceeding $2,000,000 in any one
year but only by a majority vote of the adjustment bondholders. Interest— In Nov., 1897, paid 3 p. c; in Nov., '98 and '99, full 4 p. 0.
San Francisco & San Joaquin bonds, see facts in that co's. statement.
General Finances.—The guarantee fund notes due Nov., 1898, were
retired by issue of $10,596,000 general 4s, thereby obviating the
necessity of issuing prior lien bonds. In Mar., 1899, $2,699,000 additional gen. 4s,is8ued for improvements, were listed, and in Oct., 1899,
$2 764 000, making total listed to date $129,637,000.—V. 68, p. 570.
In December, 1898, $2,462,300 capital stock of the San Francisco
at par. See that company;
& San Joaquin Valley Ry. was purchased
also "General Finances" above. In Nov., 1899, acquired Hutchinson
& Southern Ry., 145 miles; see that company's statement.
Latest EARNINGS.— 8) 1899-O.Gross, $30,724,853; net, $12,154,482
8,180,078
mos. July 1 to Feb. 28, \ 1898-9.Gross, 27,275,694; net,
Deducting taxes and rentals, balance for interest in 8 months of
1899-00 was $10,921,327, against $7,046,790.
Report.—Annual meeting second Thursday in December. Report
for year 1898-9 was given in V. 69, p. 641,648; see also pa^e 619.
1898.
1897.
1899.
Fear* ending June 306,946
6,479
7.033
Miles of road operated
$40,513,499 $39,214,101 $30,621,230
Gross earnings
28,506,336
22,867,189
27,606,681
Operating expenses
;
$12,906,818
Net earnings
1898-99.
1897-98.
Net earnincs.... $10,707,765 $12,906,818
249.435
182.028
ther iacome ...
$10,707,765
Taxes, etc
O
Interest
Net income.... $10,889,793 $13,156,263
Surplus for year to J une 30, 1898
Bal.,surp..
Total surplus June 30, 1899
{Dividend on preferred stock
Balance, surplus for year
Officers.—Aldace F. Walker,
.
St.,
New York.
$7,754,041
1897-98.
$2,007,216
7,045,988
189V -99.
$1,726,282
7,241,972
$1,836,6S9
$4,187,999
2*6,494
$4,414,493
(lM%)l.42_,u,l
Chairman of the Board
President; E. Wilder, Seoretary and Treasurer.
OFFICE. -59 Cedar
Bonds—Prlnol
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Slocks—Last
Cent.
Payable
Whom.
Dividend.
-
Miles
;
t.vm.izz
E. P. Ripley,
V. 69, p. 1300; V. 70, p. 39, 738.
6 in 1899 M.
4
A.
7o. J.
4
J.
J.
J.
text, J.
i
5
See
A.
6
5
s
-
J.
M.
413 in '99 M.
5 cur. J.
g.
5 in 1899
6
J.
J.
5
A.
5
6
ggg-
T.
J.
6
.1.
4g.
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
6 in 1899 .1.
J.
6
5 g. J.
6 g. A.
6 &7
M
A.
&
&
&
&
&
&
S.
O.
J.
O.
D.
J.
J.
J.
J.
N.
S.
D.
N.Y.Cent.Tr.Co.,54Wall Mar. 6, '00, 3%
do
do
Jan. 1, 1907
do
do
Jan. 1, 190"
do
do
Jan. 1, 1907
N.Y., Man. Co., 40 Wall. Deo. 1, 1946
New York, if earned. Jan. 1, 1947
At Co.'s option
Atlanta, Ga.
Jan. 15, *00, 3
do
do
Co's option
Phila.,Read. Ter. Bldg. May 1, 1919
Baltimore.
M rl0 00,2i«%
In 1898 paid 5 p. c.
Irredeemable.
Check fr
do
J.
J.
Charl't'n, S.C. Jan.10,'00,3%
do
O. Ch'ston, People's N.Bk.
J.
J.
D.
,
,
do
do
N. Y., Cuyler M. & Co.
Jan.10,'00,3%
Apr. 1, 1938
Jan.
Jan.
1,
1,
1943
1933
New York & Baltimore. June 10, 1910
J. Bait.. SafeD. &lr. Co.
Richmond, Office.
J.
Riohmond, Office.
J.
J. Richm'd and Petersb'g.
do
O.
do
Richmond,
N.
Office.
N. Y., Brown Bros.
Norfolk, Va.
July 1, 1948
Jan. 3, '00, 3%
Jan. 3, '00, 3%
July
Oct.
May
1,
1,
I,
1926
1926
1915
1940
Apr. 1,
See text. Text.
Mar. 1, '00. 1%
5 g. J. & J N. Y.,Mer.Tr.,&London. June 29.190C
2 in 1899
Check from Co.'s office. Sep.15,'99,2%
6
J. <fe J. Balt.,Nl.F*rm'rs'&P.Bk July 1, 1917
4ifl g.
0.
Atlanta & Charlotte Air Line Ry.— (See Map Southern Railway System.)— Owns Charlotte. N. C, to Atlanta. Ga., 269 miles.
The operating contract of 1881 (made with Richmond & Danville)
was assigned to and accepted by the Southern Ry. Co. It requires
the payment of interest on At. & C. debt and 5 p. c on stock if gross
earnings exceed $1,500,000, dividends to be 6 per cent and if they
;
;
exceed $2,500,000, 7 per cent.
Dividends, > 1881 to 1889. 1890.
1891 to Mar., 1900, inclusive.
5*$
Per cent— s 5 yearly.
6 yearly (M. & 8.)
Earnings.—April 1 to Jan. 31 (10 months), gross, $2,020,591 in
1899-00, $1,513,665 in 1898-99. For year ending March 31,1899.
gross, $1,890,179. Pres., C. S. Falrchild, N. Y.-(V. 70, p. 632.)
Atlanta Knoxville
& Northern Ry.— Road— Owns from Knox-
Tenn., to Marietta, Ga., 205 miles and Murphy to Blue Ridge,
25 miles; trackage, Marietta, Ga., to Atlanta. Ga., 20 miles.
History.— A reorganization per plan in V. 62, p. 1040, of the Marietta
& North Georgia, foreclosed. Stock, $3,000,000. First mortgage bonds
for $500,000 in treasury June 30, 1899; bills payable, $10,150.
Earnings.— 2 months, < 1900
Gross, $62,982; net, $10,885
Jan. 1 to Feb. 28.
1 1899
Gross, 53,082; net,
8,845
Report for year ending June 30, 1899, V. 69, p. 1145, showed: Gross
$352,952; net, $72,660; other income, $15,803; total deductions, $63.In 1897 8. $328,092; net, $93,341.
335; balance, sur., $25,128
Officers.— Pres., H. K. McHarg, 40 Wall St., N. Y. V. 70, p. 42T
Atlanta &, West Point
Atlanta, Ga., to West Pt., Ga., 86
Ga. RR., June 30, 1898, owned $494,500 stock and $388,900 deb. cert.
Dividends begun in 1855 were for many years 8 percent per annum.
From July 1. 1884, to Jan., 1900, inclusive, 6 per cent yearlv. J&J:
Oct. 1, 1899, 25 p. c extra (V. 69, p. 590).
Earnings.— 8 months, 51899-0
Gross, $489,803; net, $225 460
July 1 to Feb. 28.
Gross, 406,702; net, 187,786
* 1898-9
In 1898-9 gross, $606,664; net, $238,128; other income, $7,796;
charges, $170,781; dividends, $73,932; surplus, $1,211. In 1897-8
gross, $575,259; net, $227,496.— (V. 65, p. 1172; V. 69, p. 590.)
Atlantic City Ry.— Camden to Atlantic City, 57 m. (double track)
branches, 33 m.; leases 8ea Coast RR., Winslow Junction, to Cape
May, N. J., Sea Isle City, Ocean City, etc, 77 miles; total, 167 miles.
Stock, oommon, $1,200,000; preferred, $1,000,000 (par, $50) of
which $1,195,000 common and $998,550 preferred are deposited
under Reading Co. general mortgage of 1897.— V. 66, p. 761.
Atlantic Coast Line Co.—This company, organized May 29,
1889, under the laws of Connecticut, owns a majority of the capital
stock and a large amount of the bonds in a system of railroad companies denominated for convenience the Atlantic Coast Line System
The system includes about 2,177 miles as follows in addition to a half
interest in lease of Georgia RR. system (615 miles) acquired in July
1899, from the Louisville & Nashville. V. 69, p. 385. 591, 748
Company USee this Co. Miles.
Company—
Miles.
Richm. Fredkb. & PotomaclT.. 86 Chas.
Western Carolina
342
Weldon
Wilmington &
786 Norfolk & Carolina H
IT
Atlantic Coast Line RR. of
AtlanticCoastLineRR.ofVa.ir.. 39
ville,
;
RR.—
m
—
&
no
704 Other lines
CU
50
Central South Carolina U
40
H See this company.
In May, 1899, 177 miles of Atlantic & Yadkin was merged in
Wilmington & Weldon.— See V. 68, p. 979.
Stock— In May, 1897, $6,000,000 of certificates of indebtedness,
entitled to 5 per cent interest if earned, were created, of which $5 000 000 were issued to reduce capital stock from $10,000,000 to $5,000 000. As to the rights of these certificates, see wording in edit'oriai
October. 1897, Supplement, page 3.— V. 65, p. 564. In Nov., 1898
stock was increased to $10,000,000, the additional $5,000,000 being'
distributed as a 100 per cent dividend.— V. 67. p. 954.
Dividends -1895, Us per oent; 1896,3; 1897, 3 ^; 1898, 4 and 100
8.
per cent in stock; in 1899, 413 p. o.j 1900, Mar.. 2^ p. o.
Guaranty.— Guaranties $960,000 Manchester & Augusta firsts p & i
Securities Owned.—May 28, 1897, stocks $7,403,032. bonds
$2,206,000; other bonds, $518,441. (List V. 65, p. 564;) V. 69, p. 1192.
Atlantic Coast Line
Originally the Atlantic Coast Line
of Va. (change of name being authorized in Jan., 1900), but in April
1900, was absorbing by consolidation the following allied properties
owned and controlled by the Atlantic Coast Line Co. of ConnecticutWilmington <S» Weldon RR., Atlantic Coast Line railroads of South
Carolina and Virginia Norfolk & Carolina RR., etc. On April 19, 1900
the Virginia company stockholders voted to increase the common
stock to $20,000,000 and to Issue $20,000,000 5 per cent preferred
stock and $3,000,000 certificates of indebtedness, chiefiy in exchange
for the stock of the other roads. V. 70, p. 791.
RR.—
Atlantic Coast Line
RR.
of South Carolina.— Owns from
Florence to Charleston and Columbia, S. C, with branches, in all. 69y
miles, of which Denmark to Rob oins operated from Dec. 1, 1899 (V '
69, p. 1192); leases Cent. RR. of ho. Car., 41 miles; total oper., 740 m
In April, 1900, consolidation was pending with the Atlantic Coast
Line KB., which see above. Holders of preferred stock, it is reported
will receive 150 per cent in certificates of indebtedness and each share
of common stock lis shares of common and l 1* shares of preferred o
the new company. V. 70, p. 791.
Dividends.— On common, 1899,Jan.. 2 p, c; July, 3 p. 0.; in 1900
Jan., 3 p. c. On preferred, 1899, 6 p. c in 1900, Jan., 3 p. c
;
April, 19C0
]
RAILROAD STOCKS AND BONDS.
15
16
Subscribers
ivl'l
RAILROADS.
Miles
&o., Bee notes
RR
&
115
53
85
103
"90
"*28
Common stock,
87
3
5
27
32
15
Par
of
1895
1899
1,000
1,000
$100
200,000
1,261,000
1,022,900
1894
1891
1,000
1,000
1,920,000
100
50
1880
1,000
authorized $45,000,000
Jc.&Mid.Div. ($20,000,000) lstM.g.Ce.c*Ar
376
f Reorganization Committee holds of this $273,000.
1898
1894
1879
1879
1,000
1,000
1881
1886
1888
1,000
1,000
1898 500 &c
IT
to
new company.
Map
Lake Superior Ry.—In
Apr., 1900, operated Metapedia, Que., to West Paspebiac, 98 miles; owned St.Gregoire to Nicolet,
7 m.; St. Francis to Yamaska, * m.; Yamaskato Sorel, 10 in.; Lachute
to St. Andrews, 7 m.; total, 128 miles. Also under construction, West
Paspebiac to end of wharf, 4 m.; Paspebiac June, to Port Daniel, 21 m.;
Pierreville to Nicolet, 15 m; St. Gregoire to Chaudiere June, 67 m.;
Extension proposed in 1899 from St. Francois du
total, 107 miles.
Lac to Levis. Que., >-9 miles, of which 7|built and 23 graded in March,
1899. Extension also proposed from| Paspebiac, Que., to Gaspe, 80
miles. Stock authorized, $10,000,000; par, $100. bonds, $20,000,000,
President, Hon. J. R. Thibaudeau;
4s, none issued to April, 1900.
Sec, Edgar N. Armstrong, Montreal, Que.— V. 68, p. 329.
Morehead City to Goldsboro.
Atlantic Ac North Carolina
H. 0., 95 m. State of No. Car. owns $1,266,500 of the $1,797,200 stock.
Dividends.— ) 1892. 1893. 1894. 1895. 1896. 1897. 1898. 1899.
Ac
RR.—
Per cent.
1,250,000
48,500
72.800
270.000
230,000
6k 0,000
M & S. London and Portland. Mch.,1900,3%
& 3. is
Jacksonville, Fla.
Jan. 15, 1945
5 g. M & 8. N. Y., Central Trust Co. Mar. 1, 1939
J. & J.
5
Savannah, Ga.
Jan. 5, '00, 213
J. & D. N. Y., J.P.Morgan & Co. Dec. 1, 1924
5 g.
& J. N. Y., Cent. Trust Co. July 1, 1941
2^2 tO 3*2 J. & J.
New York, Erie RR. Jan. 1, 1900
10
P. & A.
Feb. 1, '00, 5%
6 cur. F. & A. Phila. F. In8.Tr. &8. Dep. Jan. 1, 1910
5 in 1899 J. & J.
Baltimore.
Jan. 2, '00, 3%
& D. Bait., A. Brown & Sons Deo. 1, 1923
5g.
5 g. M & H. Phila., Broad St. Htafn. Sept. 1, 1934
J.
.1.
,
.1.
6
N. Baltimore, Co.'s Offloe.
N.
do
do
&
o. Co.'sOrnce,2Wall3t.N.Y
J.
J.
J.
J.
.1.
7
6
5
&
&
J. &
J. &
M &
M &
.1.
6
240,000
5222022
2
11,2:14,000
Coup., J.-J.; rug.,
V. 70, p. 791. Loans
and bills payable June 30, 1899, $454,168; bills receivable, $412,235.
Earnings.— Report for year ending June 30, 1899, was in V. 70, p.
324,showin«r: Gross, $1,165,606; net over taxes, $482,980; other income, $18,105; interest, $125,575; dividends, $198,813; bal., snr.,
$176,696. In 1897-98, gross, $1,021,258; net, $472,053.— V.70,p. 791
(See
Southern Ry.)— West NorAtlantic Ac Danville
folk, co Danville, Va., 205 miles, three branches, 22 miles; James River
Junction to Claremont (3 feet gauge) 51 miles; total, 278 miles. Leased
to Southern Ry. for 50 years from July 1, 1899, rental being sufficient
to meet interest on bonds, 2 per cent dividend on $3,200,000 preferred
stock for three years, 3 per cent for next two years, 4 per cent for next
Ave years and 5 per cent thereafter.— V. 69, p. 491.
Stock.— Common, $2,500,000; non-cum. 5 per cent pref. $3,200,000.
Issued to June 30, 1899, common, $2,180,800; preferred, $3,099,200.
Dividends.— On preferred 1 p. c, 1897; 1898. Sept. 1, 1 p. c ; 1899,
Sept., 1 p. c. For dividends under lease to Southern Ry. see above.
Bonds.—The bonds have been called for payment at par, June 29,
1900, V. 69, p 1246 See statement to N.Y. Stock Exch., V. 62, p. 1141.
In 1898-99 gross, $596,900; net, $160,245. Report for 1897-98 was
In V. 68, r. 184, showing: gross, $564,751; net, $159,353; interest,
$61,900. (V. 68, p. 1 84; V. 69, p. 491, 1 246.)
Atlantic
358,000
325,000
38,601,100
59,227,000
1898 500 &C. 69,799.000
1898 1500 &c. 58.922,000
1899 500 &c. 40.990,000
of Virginia.— Owns Richmond
Ry.—
1,535,000
324,000
Dividend.
6
g.
100
100
Petersburg and Gaiysburg, N. C, with branch, 5 miles, total, 94 miles;
also leases Garysburg to Weldon (Seaboard & Roanoke) 3 miles. Consolidation in 1898 of Petersburg RR. and Richmond <fe Petersburg RR.
In 1900 changed name to Atlantic Coast Line RR., and in April,
1900, was merging under this title (see above) various lines in VirUnder plan of consolidation each
ginia, North and South Carolina
share of stock, it is reported, will receive l 1^ shares of common and
l 1^ shares ot preferred of the
225,000
100
Bonds.—The new 4 per cent general mortgage of 1898 is for $8,000,000, the Baltimore Safe Deposit & Trust Co. being trustee. Ot th«
authorized issue $709,000 were on Jan. 10, 1899, reserved for Improvements, extensions, etc, and the balance unissued ($3,490,000) to
retire, $ for $, at or before maturity, the underlying bonds. Bills payable, June 30, 1899, $136,360.— V. 69, p. 1298.
Report for year ending June 30, 1899, was in V. 69, p. 1298, showing: Gross, $2,041,536; net over taxes, $715,170; other income, $76,266; int. and rentals, $453,746; dividends, $240,004; bal., 6ur., a97,686. Inl897-8, gross, $1,974,968; net. $628,911. V. 70, p. 791.
RR.
n400,000
pal.When Doe.
StocJcs— Last
Bait., Hillen Station.
do
do
do
July
July
do
do
do
1929
1929
1,
1.
Jan. l.'OO, 312
July
Nov.
May
1931
1936
1938
1,
1,
1,
ING.
Pref. stock, 4 p. c, non-cuin, auth. $60,000,000..
Prior lien mort., gold, not subj. to call. [tie.. c*&r 1,017
570
1st mort., gold, red., at 105 after 1923.Us..c*<fer
8outhwest'n Div. 1st M., $45,000,000, g.F..c*Ar 921
Atlantic Coast Line
Bonds— Pnnoi
INTEREST OR DIVIDENDS.
Amount
£&$100 $5,484,000
150
—
Ohio— New Securities Outstand
Size, or
Outstanding Rate per When Where Payable, and by
Road. Bonds Value.
Cent.
Payable
Whom.
. .
RR—
Date
of
Atlantic & St. Lawrence— Stock, 6% rental Grand Tr'k
Atlan.S. Riv.<£ O.— 1st M.g.,s.f.,$8,000p.ni.,red.ll0
Atlantic Yaldosla & IT.— 1st M.,g., red. atllO.Ce.o*
Augusta <£ Savannah—Stock 5* rental Central Ga.
Augusta So.— lstconsol.M., go., gu.,p.&i. end. Ce.xo
Austin <k Northwestern—-1st inort.g.,gu.p &i.Ac*<fer
Avon Oeneseo <t Ut. Morris RR.—Stock (see text)...
Bald Eagle Valley— Stock, $2,600,000
1st M. orig. $400,000 (s. f., drawn atl00)...FPxr
Bal timore <t A nnap. S. L.-8tock, common
1st M. $400,000, g., subj. to call at 1 10... OTTe Ba'
Baltimore Chesapeake <6 Atlan.— 1st mort., gold Ac*
Ball. & Cnnib Val. By.— 1st mort., interest rental.
1st mort., interest rental
Bait. <t Vumb. Val.
Exten. Stock, 7 p. c.guar.
Bait. <fi Oumb. Val.
1st mortgage, interest rental
Baltimore dk Harrisburg RR.— Mortgage, gold...c*
1st M. West. Ext. ($16,000 p. m.) , gold, guar. . .c*
Baltimore
LXX.
[Vol.
confer a ureal favor by giving Immediate notice of any error discovered In these Tables.
For explanation of column headings,
on first page of tables.
Pitts.
SUPPLEMENT.
INVESTORS'
2
Earnings.— For year ending June
30, 1899, gross, $185,749; net>
179.010; charges, $42,304; dividends, $17,972.— V. 68, p. 472.
(See Map.) Valdosta, Ga.,
Atlantic Valdosta Ac Western
to Jacksonville, Fla., 115 miles; opened for through operation July 1,
proposed
from Valdosta to Albany, Ga., 75 miles.
1899; extension
Road runs through a timber section, and makes a short route from ValIn
Jacksonville,
Fla.
Sept., 1899, the Flor. RR. Commissioners
dosta to
granted facilities of Jacksonville Terminal Ry. at $5,100 per annum.
At Valdosta connects with Ga. Southern <fe Fla. RR. and Sav. Fla. &
at Haylow with Sav. Fla. & West; at Crawford with Fla.
West.
Penin.; at Jacksonville with Jacksonville
Southwestern,
Cent
Fla. East Coast, F C. & P., Plant System and Clyde, Company ocean
and river steamers.— V. 68, p. 1022.
Ry.—
Q.—J.
3>ag.
4 g.
3^2 g.
X312
§
do
do
do
do
IT
IT
g.
Coup., A.-O.; reg.,
Q
-J.
do
do
do
do
*
Apr. 2. '00, 2%
July 1, 1925
July 1, 1948
July 1, 1925
Nov.
Coup M.-N.;
,
1925
1,
Q -F
reg.,
and leased the South Carolina & Georgia, the lease of the Augusta
Southern passing with it. See V. 68, r>. 873. Common stock, $400,000; pref., $350,000; par, $100. For 'year 1897-98, gross, $97,267;
net, $22,079. -(V. 67, p. 528.)
RR.—
Austin Ac Northwestern
Owns from Austin to Llano,
Texas, 99 m.; branch, Fairland to Marble Falls, etc.. 8 miles. In May,
1899, consolidation with Houston & Texas Central was authorized,
the old bonds to be canceled and new bonds Issued therefor. V. 68 p'
1024. Stock, $1,016,000; par $100; Southern Pacific Company owns
$1,008,000 stock and guarantees the bonds. Land grant was 600,000
acres. Year 1898 99,gross,$151,181; net,$15,727.
RR.—
Avon Geneseo Ac Mt. Morris
Mt. Morris to Avon, N. Y..
18 miles. Leased to Erie RR. Feb. 26, 1896, in perpetuity at 2*n p. o.
on stock for 4 years from Jan 1, 1896, 3 p. c. for 1 year more and 3*2
p. c. thereafter.— (See V 63, p. 512; V. 62, p. 318, 589.)
Bald Eagle Valley
RR.—
Owns from Vail Station, Pa., to Lock51 miles
branches to Sugar Camp, etc., 39 miles.
Leased to Penn. RR. Co. for 99 years from Dec. 7, 1864. Rental, 40
per cent of gross earnings. Rental 1898, $158,847; other income,
$6,278; int., taxes, etc., $40,494; dividends (10 p. c), $140,625; bal.,
paid out of but., $3,968. Rental in 1897, $179,144. PennsylvaniaRR
Jan. 1, 1900, owned $706,250 stock.— V. 66, p. 708.
haven,
Pa.,
;
Baltimore Ac Annapolis Short
Cliffords to Annapolis, Md., 23 miles.
Line
RR.—
Owns road from
In 1897 acquired control of
Annapolis Washington & BaltimoreRR. Co., owning 3,575 out of 3,580
shares of its stock, all pledged under the mortgage. Common stock
issued $358,000; there is also $500,000 of preferred stock authorized.
Dividends— In 1898, Jan., 3 p. c; July, 3 p. c; in 1899, Jan., 3 p. c;
July, 2 p. c; 1900, Jan., 3 p. c. For year to June 30, 1899, gross,
$78,680; net, $23,774; oth. inc., $15,320; int. on bonds, $19,779; div..
6 p. c, $17,900; surplus lor year. $1,415.— V. 67, p. 1002, 1159.
Baltimore Chesapeake
Ocean
Atlantic
Ac
Ry.— Owns
City. Md., 87 miles; branch, 1 mile; total,
to Baltimore, 42 miles, transforms made
Claiborne to
88 miles; from Clai-
borne
by water. On Jan. 1,
1900, the Pennsylvania RR. owned $540,000 bonds, $Z5o,000 common
and $167,050 preferred stock. V. 69, p. 541, 590. A reorganization in
1894 of|the Bait. <fe Eastern Shore, sold Aug. 29, 1894 (V. 59, p. 371),etc
Stocks.—Pref., $1,500,000 5 p. c. cumulative; common, $1,000,000
Annual Report.—Report for year ending August 31, 1899, was
given in V. 69, p. 1009, showing, gross, $607,470; net, $148,053; ch'ges,
$62,500; bal.,surp., $85,553. -(V. 69, p. 541, 590, 1009.)
•
Baltimore Ac Cumberland Valley.— See Western Maryland.
Baltimore &|Harrisburg|RR.— See Western Maryland.
Baltimore Ac Lehigh Ry.—Narrow Gauge.— Baltimore to Cardlfl.
Md.,43 m. Stock, $850,000; par, $100; issued, $843,500; mort.. $85,000.
Standard-gauging of road expected to be completed by July 1, 1900.
No securities will be issued therefor. -V. 70, p. 278.
Earnings—Year ending June 30, 1899, gross, $135,389; net $32,
130; charges, $10,812; surplus for year, $21,318.— V. 70, p. 278.
Baltimore Ac Ohio RR..—( See Mapj.— Road.— Operates from Baltimore to Philadelphia and Baltimore to Chicago, and has, via the Baltimore & Ohio 8. W., a direct route to Cincinnati and St. Louis, the total
mileage leased, owned and operated (excluding the Bait. & Ohio South
western) being in July, 1899, 2,047 miles, of which 774 miles are west
and 1,273 miles east of the Ohio River. The " Royal Blue Line " (see
Central RR. of N J.) give the road access to New York, near which, on
Staten Island, it has freight terminals. See 8. I. Rapid Transit.
When the pending reorganization of the branch lines is completed
the B. & O. will own and operate about 3,525 miles of roads, subject to
the several mortgages, as follows
Pitt*. June. 3\4% M.-(384 niilesiA/to
Prior li n H}4% M.— (1,017 miles) Miles.
•
mon and
Bait, to Wheeling, Belpre, O etc.. .683
Pittsburg Division (east, of Pitts.).. 331
1st M. i%— (570 mile-)
Baltimore to Philalelphia and brs.118
369
Chicago, 111., to Akron
Branches to Fa'rmount, W. Va., etc. 93
.south IV. Div. :iii% Af.
Belpre. O., via Cincin. to St. L., etc. 921
retire the $711.0oO old 5s, extensions, etc. (V. 68, p. 1022).
Earnings— From March 1, 1898, to June 3 ', 1899, 16 months, gross,
$105,024; net, $64,944. Fixed charges and taxes, $45,205. Surplus,
*19,738. Gross earnings June 30. 1899, to Mar. 31,1900, $139,563,
against *55.292 same period in 1898-9.
Financial agents and transfer agency, G. S. Baxter & Co., 18 Wall St.,
N. Y. Gen'l office, Valdosta, Ga. Operating office, Jacksonville, Fla.
Millen to Augusta, Ga., 53 miles,
Augusta Ac Savannah
In 1895, re-leased to Cen. of Georgia at 5 p. c. on stock.— V. 61, p. 239.
Owns from Augusta to Sandersville.
Augusta Southern
Ga., 80 m. (standard gauge), and Sandersville & Tennille RR., 4 miles.)
Leased in March, 1897, in perpetuity to the South Carolina & Georgia,
which guarantees the bonds, principal and interest, by endorsement.
(V. 64, p. 468.) In April, 1899, the Southern Rv. obtained control of
(adding Baltimore Belt and otber lines)
3,525
History.— Receivers were appointed in February, 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 and equipment vastly improved in physical condition. All direct obligations, except taose shown in the table, were
either declared due and payable per order of Court and discharged, or
exchanged for new securities (see V. 69, p. 25, 30, and V. 68, p. 1022.
The reorganization of the B. & O. 8outhwest. was effected and new
securities issued in 8ept., 1899, per plan in V. 67, p. 688, the consol.
mortgage of 1893 having been foreclosed. In January, 1900, new securities were issued under t e plan ot reorganization of the Cent. Ohio
and other leased lines. V. 67, p. 688, 1109, 1206, 1356. In Dec, 1899,
acquired substantially all 'he stock of the Monongahela River
Fairmont to Clarksburg, W. Va., 31 miles. V. 69, p. 1315.
RR
&
;
&
Stock and Bonds.— Stock authorized, $1,750,000 each of compreferred; outstanding, common, $1,000,000; preferred,
$500,000. Par of shares, $100 each. Mortgage is for $5,000,000, to
RR.—
RR.—
,
Total of
BeHaire to viidland Citv.
Shawnee to Sandusky, O
O
Pittsburg Junction RR
Other Line*—
Staten Island Rapid Transit
West Virginia & PHtsburg
Pittsburg & Western
Mouonnahela River
RR
I
_-
Q 7
°'
j
7
?4
159
343
31
all
KK
,
April,
o
3
o
w
w
f"
o
•-H
p W
o
*«
02
H
OJ
>**
w >
li»Oi>
H
w
1-3
U
o
KAILKOAD STOCKS AM) BONDS.
17
INVESTORS' SUPPLEMENT.
I*
I
VOL. LX.X.
subHCribera will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds— Prlnci
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
For explanation of column headings, Ac, see notes
on
flrst
page of
of
of
Par
Road. Bonds Value.
tables.
Amount
Outstanding
Rate
Per cent.
•
pal.When Due.
When Where Payable, and by Stocks—Last
Payable
Dividend.
Whom.
—
Baltimore d- Ohio (Concluded)—
Loan, 1853, extended In 1885, gold
N. W. Virginia RR. 1st M. (ext. in 1888) assum...o
Pitt.&Con.,lstM.,oxt. in 1896 in gold
Baltimore & N. Y. RR., 1st mort., gold, guar.c&r
Monong. River RR., 1st M., g., gu. B. & O., Ce.o*
Coal M., $1,500,000 g., s. f. not gu., red. at par
Sehuvl. R. E. 8. RR. 1st M., g., subj. to call (text)
8.1. Rap. Tr., 1st M., $1,000,000, g., $ or &....0*
2d mortgage, gold, guar., $2,500,000
o*
8. 1. Ry., 1st mort., $1,000,000, gold... .Itte-.c*
W. Va. & P., 1st M. g. 5s. scaled; subj. to call. c*
Cent'l Ohio, Pittsb. Junc.etc.bonds.unassented.
Equip, trust, 8er.B.,$200,000 due y'rly Nov. 1 . .o*
Car trust (extended in 1897 for 3 rears) itle.Ha.
All other equipment obligations June, 1899
Bait.
Ohio S. W.—
B.
O. 8. W. RR., 1st M., gold, $10,667,000. . o*
Ohio & Mies., 1st cons., ext., $6,385,000.. IJn..c A
o*
2d oonsol. mort. (sink, fund), $2,952,000
Spring. Div.(8p.& Til. 8. E.) 1st M., $1,993,000.0*
First general mortgage, $314,000
c*
Equip. Trust, 3 series, drawn, $101,000
o*
B. & O. 8.W. Term. Co. IstM. gold, $1,200,000.0*
Bait, dk Potomac— IstM. (tun.) gold, a. f., not dr'nx.o*
1st M., road, guar., gold, slnk.fd., not drawn. .xo*
.
&
380
104
5*2
32
11
All.
All.
13
159
""
1853
1855
1868
1889
1889
1895
1886
1883
1899
1893
1890
1890
1887
$500<fco.
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
&
x Amount unexchanged in
Apr.,
1900.— V. 69,
p.
281
393
393
222
1889
1868
1871
1875
1883
'87-'91
1*2
90
1892
1871
1871
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Stock.— Authorized issues: Common, $45,000,000: pref, 4 p. c. noncumulative. $60,000,000; outstanding, see table above and " General
Finances."
Voting Trust.— Both olasses of stock of the new company will be
vested in the following five voting trustees forthe period of Ave years:
William 8alomon, Abraham Wolff, J. Kennedy Tod and Louis FitzgerThe voting trustees, however, in their disoretlon, may deliver
ald.
the stock at an eailier date.
as follows
Prior Lien 3*2%, a first lien on main line and branches, Parkersburg branch and Pittsburg division, in all about 1,017 miles of flrst
track, and about 964 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 hereafter acquired. Total authorized, $75,000,000, of
which to be issued only after Jan. 1, 1902 (at not exceeding $1 ,000,000
a year) for the enlargment, betterment or extension of the properties
covered, $5,000,000.
(2) First Mortgage 4 per cent Oold Bonds, Due July 1 1048, but subject
to call, in whole or in part, after July 1, 1923, at 105; a flrst lien on
the Philadelphia, Chicago and Akron divisions and branches and the
Fairmount Morgantown & Pittsburg RR., covering about 570 miles of
first track and about 332 miles of second, third and fourth tracks and
sidings: also on the B. & O. Terminal property and the Baltimore Belt
RR. if and when the same shall be acquired by the new company. They
are also a lien subject to prior lien mortgage upon main line, etc.
Total authorized issue in no case to exceed
$165,000,000
Of which to retire prior lien bonds in 1925
75,000,000
For the enlargement, betterment or extension of the
properties covered by the two new mortgages, 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
27,000,000
Reserve for new company
originally
7,000,000
(3) Southwestern Division 1st Mortgage 3*2 per cent gold
bonds, due 1925, and bearing interest from Jan. 1, 1899.
To be ultimately a flrst lien upon the properties constituting the B. & O. Southwestern RR. system, or the
securities representing the same, covering about 921
miles of flrst track and about 30 1*2 miles of second
track and sidings, and also all of the equipment now
owned by the B. & O. 8. W. Ry. Co., or subsequently
acquired with the proceeds of these bonds. Total issue 45,000,000
Of which to be issuable only at the rate of not exceeding $1 ,000,000 per year for the enlargement, betterment or extension of the properties covered by lien...
5,000,000
(1)
Of which
in partial
exchange lor old bonds
35,540.080
Sold to syndicate for cash requirements
4,450,020
(4) B. <£ O. Pittsburg Junction <£ Middle Division 3*2 per cent gold
bonds to be due 1925 and to bear interest from Nov. 1, 1898. Expected to be ultimately a flrst lien upon the railroads of the Central
Ohio system and Pittsburg Junction RR. Co , 385 miles in allTotal authorized issue in no case to exceed
$20,000,000
Of which to be issued only at the rate of not exceeding
$1,000,000 per year for the flrst two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the first mortgage
5,000,000
Of which in partial exchange lor old bonds
zoj6o,oco
To be sold to a syndicate for cash requirements
4,000,000
Balancefor contingencies
431,000
Leased Line Bonds.—The Baltimore Belt bonds deposited were
called by the company under the option reserved per agreement in
V. 66, p. 1235, and purchased at par and interest on Sept. 1, 1899.— V.
69. p. 25, 277, M33.
The Schuylkill River East Side bonds, stamped per agreement, V. 68,
p. 40, are treated as follows 'I he road is leased at a rental equivalent
to interest at 5 per cent on the existing bonds, but the new company
has the riffht to purchase all the Schuylkill bonds at 110 and
accrued interest at any time after Dec. 1, 1900, and prior to Dec. 1,
1903, on 30 days' notice. If not so purchased, the company will
assume the ultimate payment of the principal when due. V. 69, p. 1063,
The Staten Island Rapid Transit property was sold under foreclosure
in April, 1899, subject to the $1,000,000 first 6s, part of which were
purchased for the B. & O. Under the agreement of Jan, 1899 (V. 68,
p. 189), the $2,500,000 second mortgage 5s were exchanged for a
like amount of new 4s issued by ttie reorganized Staten Island
Co. These new 4s the B. & O. RR. agrees to purchase at par and
interest in cash within 5 years, and meantime to guarantee interest
thereon at 4 per cent. V. 68, p. 189, 333, 525; V. 69, p. 696,
The West Virginia & Pittsburg (see agreement in V. 67, p. 1310),
has been operated since Sept. 1, 1899, under a 99 years' lease, for 4 per
:
J.
J.
4g.
5g.
5
5
5
1,000,000
4,500,000
1,000,000
2,500,000
g.
g.
g.
g.
6
4g.
511,000
4,000,000
4
J
2g.
4g.
(?)
200,000
250,000
450,000
x
X
x
x
x
x
x
5
5g.
N. Y., Speyer & Co.
Baltimore, B. & O. RR.
N. Y., Vermilye
Co.
N.Y., J.P. Morgan & Co.
N. Y. Central Trust Co.
&
Oot.
Mch.
July
May
Feb.
Deo.
Deo.
Y., foot Whitehall St. Jan.
Y., Hallgarten & Co. July
Bait., Am.
Bond'g
New York
& Tr.
City.
1,
1,
1,
1,
1,
1,
1,
1,
1,
June
1,
Apr.
1,
Phila., Fin'ce Co. of Pa.
Baltimore.
1935
1902
1946
1939
1919
1945
1935
1913
1904
1943
1990
Nov. 1, 1900
1900
& J. N. Y., Farmers' L. & Tr. Jan. 1, 1990
Jan. 1, 1947
do
do
& J.
Apr. 1, 1911
A. & 0.
do
do
7
Nov. 1, 1905
M. & N.
do
do
7
June 1, 1932
do
do
5
J. & D.
Various N.Y.BarlngMagoun&Co 10 p. o yearly.
6
y
5 g. M. & N. N. Y., Farmers L. & Tr. May 1, 1942
6g. J. & J. Bait. Office and London, July 1, 1911
Apr. 1, 1911
do
do
6g. A. & O.
37,000
5,000
4*3 g.
J.
J.
4g.
00
14,(
& O.
& J.
& J.
M. & N.
F. & A.
J. & D.
J. & D
A. & O.
J. & J.
J. & D.
A. & 0.
M. & N.
J. & J.
A.
6
15,000
4,000
(?)
.
None.
1,500,000
3,000,000
)05.
New Parties Interested. -In 1898, James J. Hill, President of
the Great Northern Ry., and others, acquired a heavy interest in the
V. 67, p. 577, 632. In Dec, 1899,
property. See directors below.
Pennsylvania interests acquired a large block of the stock, and in
Jan., 1900, S. M. Prevost entered the directory as the official representative of the latter system.— V. 70, p. 229.
Bonds.—The bonds authorized are
4g.
$125,500
132,000
71,000
y 350,000
700,000
cent on the mortgage, to be appropriated to payment of bond interest,
the B.
O. having the option for 5 years to purchase the bonds at par
and accrued interest on 60 days' notice. V. 69, p. 439.
The B. & O. in March, 1900, agreed to purchase on or before Feb. 1,
1903, at 125 per cent and interest the $2,400,000 Pittsburg Cleveland
& Toledo bonds (or not less than 70 per cent thereof), with the option
by the bondholders to exchange for new securities under any reorganization plan approved by the B. & O. prior to that date. V. 70,
p. 632.
Dividends.— First semiannual dividend on preferred, 2 per cent,
was paid on April 2, 1900. V. 70, p. 329.
General Finances.— The lar^e decrease in net earnings for the year
1 8 98-9, it is explained Is oaused by the fact that the receivers in settling
their accounts have charged against the revenue of the year large
sums ordinarily extending over a much longer period, and also by the
large amounts put into the property and charged to operating expenses. See official statement, V. 68, p. 1224. As to physical rehabilitation under the receivership, see official statement, V. 69, p. 128.
In addition to the $49,975,< 00 flrst mortgage g., 4s issued in June,
1899, for reorganization purposes, $1,500,000 additional of said bonds,
being part of the $7,000,000 reserved for corporate purposes, were
used for the purpose of providing funds for the purchase of equipment
and for other improvements to the mortgaged premises. In Feb., 1900,
$8,600,000 additional flrst 4s and $2,500,000 B. & O. Southwestern 3^8
were sold to purchase most of the $10,000,000 Pitts. <fe Western flrst
mortgage bonds and for improvements, $2,0 S2. 000 of the $3,500,000
P. & W. second mortgage bonds having been acquired in July, 1899,
thus ensuring the reorganization of the P. & W. in the interest of the
B. & O. V. 69, p. 132; V. 70. p. 229, 278, T38.
Holders of common stock may subsoribe on or before May 7, 1900,
to the remaining $6,398,900 of the $45,000,000 authorized common
stock at $30 per share, of which $10 payable on making of subscription and $70 on Oct 1, 1900, the new stock not to be entitled to any
dividends for the year ending June 30, 1900. V. 70, p. 685, 738.
&
,
POSITION OF
NEW COMPANY, INCLUDING CENTRAL OHIO
SYSTEM, BALTIETC. (See V. 69, p. 31.)
Estimated net income on basis of year end. June 30, 1898,
(including $1,989,261 from B. & O. S. W)
$10,285,694
Deduct interest on $70,000,000 prior lien 3 »a per cents
$2,450,000
$15,000,000 Pittsburg June. & Middle Divis. 3^ per cents.
525,000
$40,000,000 Southwestern Div. 1st 3*2 per cents
1,400.000
$50,000,000 flrst mortgage 4 per cents
2,000,000
Estimated rentals, including Belt Line
500,000
Taxes (if foreclosure is necessary the taxes may increase).
544,794
Taxes B. & O. Southwestern system
293,998
MORE & OHIO SOUTHWESTERN,
Terminals
202,000
75,000
$7,990,792
Bal. .sur., [equals 3* 5 p. c. on $60,000,000 pref. stock]
$2,294,902
" The fixed charges will thus be well within the past net inoome of
the property— even that of the last fiscal year of extreme depression.
The new company will be relieved from floating debt and the embarrasment of car and wheelage trust payments, and will start with
substantial working capital." The following is also given
Apart from the large amount provided in the plan dated June 22, 189S, to be
expended on the B. & O. RR. properties, the plan for the reorganization of the
Central Ohio RR. system provides $3,000,000 to be expended on the properties
comprised herein and for additional equipment; and the B. & O. Southwestern plan provides $5,500,000 to be expended in like manner on the Baltimore &
Ohio Southwestern System. The above statement of earnings does not allow
for any increase in earnings from these expenditures, wnich, it is confidently
Ground rents and mortgage interest
Total charges of new company
i
expected, should largely increase the surplus over fixed charges.
Earnings—9
mos..
July 1 to Mar. 31.
)
5
1899-1900. Gross, $25,555,095; net, $9,166,080
1898-1 899. Gross, 21,435,726; net, 5,074,926
Results for half-year ending Dec 31, 1899.— The preliminary
income account for six months ending Dec 31, 1899, accompanying
report for 1898-9, showed results partly estimated as follows, the
fixed charges being on reorganized basis
BALTIMORE & OHIO LINES (2,047 MILES).
6 mos. end.
—
Gross.
Dec. 31
1899. ...$16,932,775
1898.... 14,879,520
B.
&
O.
1899.... $3,718,872
Net.
$6,162,633
3,867,738
Other inc. Int.,taxes,etc.
Bal., sur.
$413,880 $3,375,000 $3,201,513
SOUTH WESTERN LINES (921 MILES).
$1,191,600
$853,600
$338,000
Annual Report.— Report for 1898-9
at length in V. 70, p. 124. 131,
and showed, exclusive of B. & O. S.W.. Pitts. & West., West Va. <fe
Pitts., and Stat. Isl. Rapid Transit: (see also editorial, p. 102.)
1898-9.
1897-8.
1896-7.
Tear ending June 30—
2,047
Miles
$28,404,922
uross earnings
$6,621,599
Net earnings
855,290
Add ino. from other sources....
2,047
$27,722,787
$7,446,695
1,017,478
2.046
$25,582,123
$5,570,029
1,040,716
Total net income
$7,476,889
$8,464,173
$6,610,745
Directors, Etc. (April, 1899).—William Salomon, Chairman, New.
York; Jacob H. Sohiff.New York; James J. Hill.St. Paul; Edward R. Ba-
EAILROAD STOCKS AND BONDS.
April, 1900.)
l»
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Table*.
Bonds— PrinciINTEREST OR DIVIDENDS.
RAILROAD8.
Amount
pal, When Due.
Miles Date Size, or
Outstanding Rate per; When Where payable, and by Stocks— Last
of
of
Par
for explanation of column headings, &c, see notes
Whom.
cent.
Payable
Dividend.
Road. Bonds Value.
on tirst page of tables.
\
j
Baltimore & Potomac— ( Concluded) —
Consolidated mortgage for $10,000,000, gold, .o*
Bangor & Ar — lstM.$3,360,000($16,000 p.m.) g.c*
2d mortgage, $l,050,000($5,000amile). gold....
lstmort. on Piscat. Div.. $1,500,000, gold.C.o*
O.c*
Van Buren Exten. 1st M., $500,000, g
Car trusts on 1,218 cars, July 1, 1899. (i
G.c*
Aroostook No. 1st M., guar. p. & i., gold
Bath dt Hammondsport 1st mortgage, gold
Second mortgage, gold
Beech Greek— Stock (guaranteed 4 per cent by end.)
o&r
1st M. ,g, guar. p.&i. (end.)
2d M. for $1,000,000, gold, guar. p. & i. (end.) .c.fer
Clearf. Bitum. Coal 1st M., int.gu. by Bh. Or., gold.c
Bellaire Zanesville<6 0in.— Prior uenmort.,rea.a,tl05
1st M. ($202,000 reserved for prior lien bonds)
Stock Yard of Indianapolis— Stock
Belt RR
Preferred stock, cumulative
1st mortgage for $1 ,000,000, currency
Belt Ry.— 1st M. (red. aft. July 1, 1903) g.TIcBa.c*
2d M., income to July 1, 1903, when red. at 100.
betvidere Delaware— Stock ($4,000,000)
c
1st mortgage, ext. in 1877, guaranteed
Cons.mort. t guar, by United Co's & Pa. RR., s.f..r
of 1875.. { guar, by United Co's&Pa.RR., s. f..r
r
$4,000,000 ( issue $000,000 reduced by s. f
jVenning. dkRutVd— lstrof.M. for $500,000, g.IV.c*r
2d inort., gold, subject to call after 1901 Co..c*
Bloomb'g dk null van JIR.—Ut, M., $400,000... FF
2d mortgage, lnoome. nou-cum., $200,000. ..
Boston <6 Albany— Stock ($30,000,000 authorized)..
r
Bonds (not mort.) issued to State for its stock
o
Bonds (not mortgage) for $5,000.000
92
211
211
1889
1893
1895
77
33
1899
ib\i
—
10
10
160
160
160
.
.
189!)
1897
1897
1889
1893
$1,000
1,000
1,000
l.ooo
1,000
1,000
1,000
1,000
1,000
50
1886
1892
1,000
1,000
1891 100 Ac,
1889
1,000
1890
1,000
50
50
<£•
FP
1,000
25
25
1881
1895
1895
"64
67
67
67
59
59
30
30
389
1853
1885
1887
1893
1897
1900
1898
1898
1,000
1,000
1,000
1,000
1,000
50
i'.obo
1,000
100
1882
1893
con, New York
S. M. Prevost, Philadelphia; Norman B. Ream, Chicago; James Stillman. New York; Edward H. Harriman, New York;
J. Kennedy Tod, New York; Charles Steele, New York; Alexander
Brown, Baltimore; H. Clay Pierce, St. Louis; H. Crawford Black, Baltimore, and J. V. L. Findlay, Baltimore.
;
Executive Committee.— William Salomon, Chairman; Jacob H.
James J. Hill, Edward R. Baoon, Norman B. Ream, E. II. Harriman and Charles Steele. Pres., John K. Cowen; Sec, C. W. Woolford;
Treas., J. V. McNeal.— (V. 10, p. 74, 124, 131,229,278,327,429,
Schiff,
(332,685,738.)
Haltlmore A- Ohio So u t li wtnter u It It .— (See MapofRali.it Ohio .)
Belpre, O., to St. Louis, etc., 921 miles in all, practically merged in
Baltimore <fe Ohio RR.— which see above.
Earnings.— 9 mos., > 1899-1900.. Gross, $5,464,238 net, $1,696,463
July 1 to Mar. 31. J 1898-1899. -Gross, 5,248,016; net, 1,419,996
Annual Report.— Report for 1898-9 at length in V. 70, p. 325.
rross.
Net.
Oth inc.
Charges. Sur.ordef.
lcar.
1898-9. .$0,873,276
$2,250
$1,857,728
$1,779,024 sur.$80,954
;
1897-8
2,250
1,987,511
2,089.335 def. 99,574
128, 178, 282, 3a3, 645, 1300 V. 70, p. 279, 345.)
6,904,317
—(V. 69,
p.
;
Baltimore 6c Potomac RR.— Owns from Baltimore, Md.,
South End Long Bridge, Va., and branch, 44 m.; and from Bowie
to
to
miles— including tunnel in City of Balti-
Pope's Creek, 49 m.; total, 93
more; total 93 miles. Controlled by Penn. RR. Co.
Stock.— Oct., 1898, $5,531,000 (par $50), of whioh Penn. RR. owns
Bonds.—Consols are
$4,616,350 and Northern Central $704,450.
reserved to retire all the prior bonds as they mature. The tirst mortgage bonds are guaranteed by Pennsylvania RR. and Northern Central.
Earnings.— In year ending Oct. 31, 1899, gross, $2,401,202; net,
$888,778; Interest, $420,000; int. on equipment, taxes, etc, $378,724;
bal., surplus, $90,054. In 1897-98 gross, 4*2,203,834; net, $600,392.
Bangor
•
erly te
6c
Aroostook RR.-(Je«
SI ap)
— Oldtown,
Me., north
Van Buren, with branches.
—
Lines owned (220 m.)
Brownville to Caribou and
br.
Ashland Jet. to Ashland
Oldtown to Greenville and
B.
Miles.
.200
43
&
Leased 999 years—
Miles.
Aroostook Northern, Caribou
to Limestone. -.
16
Total operated
K. Iron Works
95
354
On Nov. 23, 1899, the extension from Caribou to Van Buren, 33
miles, included above was opened.— V. 69, p. 952, 954.
Organization.— Organized Feb. 13, 1891. State of Maine refunds
95 per cent of all taxes levied. For organization see V. 66, p. 855
Stock.— Common, $1,050,000; 10,400 shares full paid and 100
shares, 5% paid; pref., 5%, non-oum., $1,328,000- paid in, $1,128,143.
Bonds.— Second mortgage bonds for $167,000 had been sold to July 1,
1898, and on June 1, 1899, $883,000 additional, held as collateral by
the Aroostook Construe ;ion Co., had also been sold, the proceeds when
reoeived to be used to retire the $635,000 notes payable. Including the
notes held by the Aroostook Construction Co. New gold 5s on Pisoat.
Division— V. 07, p. 1159; V. 68, p. 84, 329. The $500,000 Van Buren
Extension 1st 5s of 1899 cover the line from Calrbou to Van Buren,
33 miles, the balance or the cost being supplied by subscription of
Aroostook County to $115,000 preferred stock.— V. 69, p. 952. On
June 30, 1899, there were notes payable for $9,240.
Annual Report— Report for year ending June 30, 1899, in V. 69,
p. 952, showed: Gross, $929,254; net, $356,090; charges and taxes,
$307,225; bal., surplus, $48,871. In 1897-8. $779,207; net, $327,202.
—V.
66, p. 1
Bath
6c
306; V. 08,
p. 84,
329, 669; V. 69, p.
Ha mniondsport BR.— Owns road
952. 954.)
from Bath, N.
Y., to
Hammondsport, N. Y., 10 miles. Chartered in 1872. Stock, $100,000;
par, $100. Earnings.— For year 1898-99, gross, $36,701; net, $19,111.
RR.—
Beech Creek
(See Map adjoining N. T. Central.)— Road—
Jersey Shore, Pa.,to Mahaffey,113 m; branches, to Philipsburg, to mines,
&c, 44 miles; including Wigton Mines, near Patton, to Spaugler, Pa.,
former Cambria County RR., merged May, 1898); total, 160 miles;
traokage, 45 miles; total operated, 205 miles.
Lease, &c— From October 1, 1890, leased to the N. Y. Central &
Hudson River RR. for 999 years at interest on bonds and 4 per cent
on stock, and since May 1, 1899, operated dlreotly as a part of its
Pennsylvania division. V. 68, p. *-72. Carries mostly coal and coke;
in 1898-99, 4,480,640 tons out or 4,750,420 total tons moved in 189798, coal and cobe, 4,606,033 tons. The operating expenses are relatively low since the trains oarry exceedingly heavy loads of freight,
the average per train in 1897-98 being 580 tons. Average rate per ton
per mile 0'25c in '98-'99; 0-28c in 1897-98. See guaranty V. 52, p. 570.
Bonus.- The bonds are endorsed with the New York Central's guaranty of principal and interest.
See V. 52, p. 570.
Equipment
trusts (5 p. o.) Sept. 30, 1898, $37,000, int. at Knickerbocker Trust
•Co., N. Y; also $312,000 of 4^3 per oeuts of 1895. The Cleartield Bituminous Coal Corporation has capital stook, $825,000 and bonds authorized. $825,000; retired by sinking fund to June .10. 1899, $21,900.
Annual Report.- Fiscal year ends June 30. Statement for 1896-7
was In V. 65, p. 727. In 1898-9, gross, $l,f 09,951 net, $012.l3t; in;
;
$3,000,000
3,360,000
1,050,000
1,500,000
500,000
260,000
225,000
100,000
200,000
5,665,000
5,000,000
500,000
803,100
216,000
1,138,000
1,000,0
'0
500,000
1,000,000
275,000
24,000
1.253,000
1,000,000
500,000
749,000
500,000
500,000
500.000
400,000
200,000
25,000,000
3,858,000
3,627,000
5
5
5
5
J.
J.
g.
g.
5 e-
6
5
5
5
4
4
5
4
6
4
ggg-
g«•
g.
in '99
6
6
4 to 5
&
&
&
J Bait. Office, Calvert St.
j N. Y., Guar. Trust Co.
do
do
j
A. <fe o
do
do
A. <fe o
do
do
<io
A. & o
do
A. ii o
do
do
.1.
New York City,
& D
do
do
A. & O
Q.-J. N. Y., Grand Cent. Sta.
do
do
J. & J
J. & J
do
do
r.
& J N.Y., Kniokerb'r Trust.
.1.
«
& J
& J
J. & J.
Q.-J.
M. & N.
J. & J.
r.
j.
6
4
4
4
&
M. &
F. &
J. &
M. &
M. &
J. &
1,
1,
1,
1.
1929
1943
1945
1943
1943
$20,000
a. -an.
July
Jan.
•Ian,
Oct.
1,
June
1,
July
1,
Jan.
1,
1,
1,
j
do
do
Phila., W. H. Newbolds
Bait., Merc Tr.
Dep
Bellaire Zanesvllle
6c
1936
1940
1899
1940
&
Philadelphia, Pa. RR.
Philadelphia, Pa. RR.
D.
do
do
do
S.
A.
J.
do
do
do
Trust Co.
Apr. 1, '00, 1»«
Apr. 30, 1911
July 1, 1945
1903-1945
Feb.21,'99,5%
June 1, 190V
Sept. 1, 1925
Feb. 1, 1927
Jan. 1, 1933
Nov. 1, 1927
Mch. 1, 1920
Jan. 1, 1928
Jan. 1, 1928
Mar.31,'00,2%
Apr. 1, 1902
N. N. Y., Sec. &
4Hjg.
New York.
S.
5 g.
J. Phila.,F. I.T. &S.D.CO.
5
Phila., when earned.
J. <fe J.
5
Q.-M. Basion, Of. Ter. Station
in_'99
do
do
5
A. <fe O.
do
do
A. & O.
4
Oct.
terest, taxes, dividends, etc.,
p. 128.)
1947
1919
Apr. 1, 1923
Apr., 1900,1%
July 1, 1936
Jan.
Indianapolis, Co. offioe Jan. l.'OO, 2ig
Feb.
J.
1,
Jan.
July/94, coup, last paid. July
4
in '99.
July
$680,082;
bal., deficit,
1,
1913
$68,082,— (V. 69,
Cincinnati Ry.— Owns
Bellaire, O., to
Wilhelm Station, O., 102 miles, three foot gauge Muskingum County
railroad, Wilhelm to Mill Run, 9 miles; trackage to Zanesvilie, 1 mile. In
June,'95, Gen. Manager J. K. Geddes was made receiver; Interest due
Jan. 1, 1895, on the prior lien bonds being in default. V. 61, p.
239. Stock is: Common, $832,000; preferred, $795,910
par $50.
In year ending June 30, 1899, gross, $131,788; net, $18,501. In 1897-8,
gross, $106,438; net, $8,075.— (V. 61, p. 26, 239.)
Belt Railroad 6c Stock Yard of Indianapolis.— Owns 14
miles of belt road, etc. Leased for 999 years to Ind. Union— which see.
;
;
Dividends.— ) Preferred in Common '95. '96. '97. '98. '99. 1900.
4^3
Since 1894
5
5
5Jan.,2ia
5 full to date. ' stock p. c
In 1892 the " common stock had not paid less than 3 per oent
semi-annually (J. & J.), and at times more, for past fifteen years."
Pres., 8. E. Rauh, Indianapolis, Ind.— V. 63, p. 153; V. 66, p. 334.
Belt Railway (of Chattanooga, Tenn.).—Owns 25 miles of
belt railroad in Chattanooga, Tenn. V. 67, p. 72.
History.— A reorganization of Union Ry. loreclosed June 17, 1895
Leased till July 1, 1945, to Alabma Great Southern RR.; rental guaranteed to meet interest on 1st M. nocds, taxes and maintenance.
Stock is $300,000, owned by Ala. Great So. Ry.—V. 63, p. boa.
Bonds.— First mortgage for $300,000, bears interest at 3 p. c for 2
years from July 1, 1895, 4 p. o. for 2 years more and 5 p. c thereafter
Earnings.— Earnings now included in Ala. Gt. So. Figures for year
1896-97 gross, $37,978 operating expenses, $39,272.— p. 72.
Owns from Trenton, N. J., to MaBelvidere Delaware
niinka Chunk, N. J., 67. m.; Fleinington RR.,<kc, 14 in; operated out-ofl
1 m.; total operated, 82 miles. Leased to United Companies, and transferred to Penn. RR. March 7, 1876. Net earnings paid as rental.
Stock.—Authorized, $4,000,000; outstanding Feb., 1898, $1,253,000; par, $50. Dividends: 1897, 5 0/,; in 1898, 5%; In 1899, Feb. 21, 5%.
Bonds.— First 6s of 1853 and the $1,249,000 4 per cents of 1885-7 are
guaranteed by the United Companies, and their guaranty assumed by
the Penn. RR. under its lease. Bonds of 1885, 1887 and 1893 are scoured by the consol. mortgage of 1875 for $4,000,000, which provides
for a sinking fund of 1 per cent of outstanding bonds if earned.
Earnings.— In 1898, gross, $1,042,267; net,|$316,113; interest, etc
$192,690. In 1897, gross, $1,040,050; net, $268,185.
;
RR.—
Bennington 6c Rutland Ry.— Rutland to Bennington, Vt.. and
branch, 59 miles. Organized in 1877. Capital stock, $1,000,000, all
acquired in Feb., 1900, by Percival W. Clement. President of the Rutland RR., and leased to the latter.— V. 70. p. 381, 430, 685, 792.
Earnings.— Year ending June 30, 1899, gross, $243,364; net, $55,666; int. on bonds, $22,500; div. (2 p. c), $20,000; bal.. surplus, $13,100. Total sur., June 30. 1899, $71,018. In 1897-8, gross, $234,000;
net, $01,152.— V. 68, p. 821, 870 V. 70, p. 381, 685.
Berkshire
West Stockbridge, Mass., to Connecticut 8tate
Line, 21 miles. Road opened 1842. Leased April 1, 1893. for 99 year*
to N. Y. N. H. & H. RR. for expenses, taxes and 6 p. c on stock. Lease
to Housatonio RR. suspended but not canceled. Stock, $600,000.
Owns Blooinsburg to Jamison
Bloomsburg 6c Sullivan
City. Pa., 30 miles. Stock is $600,000 par, $50.
Reorganized without foreclosure in 1S98.— V. 66. p. 80, 952.
Earnings.— Year ending June 30, 1899, gross, $00,529; net, $29,279;
interest, taxes, etc, $31,593; special account, $10,000. In 1897-98,
gross, $60,700; net, $28,649.
President, C. R. Buckalew; Vice-Prest. and Treas., Samuel Wigfall,
Bloomsburg, Pa. V. 63, p. 115 V. 04. p. 133 V. 66, p. 80. 952.
Boise Nampa 6c Owyhee By.— Nampa to Murpbv, Idaho, 30 45
miles, completed July, 1899; sidings, -87 miles; total, 31*32 miles. In
Nov. extension under construction from Nampa north to Boise
River, 11 miles. Stock, $1,000,000; par, $100; all common and all
outstanding. President, W. H. Dewey, Nampa, Idaho; Sec, R. E.
Green, Boise, Idaho; Treasurer, Howard Sebree, Caldwell, Idaho.
Boston 6c Albany
Owns from Boston, Mass., to Albany,
N. Y. 202 miles; numerous branches, 104 miles; leased lines, 83 miles;
total operated, 389 miles. A consolidation of December, 1867.
This road owns $100,000 stock tout of $500,000) of the Boston Terminal Co. and, with others, has used the new Union Station in Boston
since Sept 1899. (V. 62, p. 547; V. 03. p. 308.)
The stockholders voted on Dec 27, 1899, to lease the road for 99
years from July 1, 1900, to the N. Y. Cent A: Hud. Kiv. RR. at a guaranteed rental of 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, etc.], organization expenses, Interest on
bo ds, taxes, expenses of maintenance, etc. The B. ^v \. will receive
in addition for certain property not included in the lease $.1,500,000
iu N. Y. Cent. 3^ per oeut 100-year debentures, thus adding -77 per
cent per annum in addition to 8 percent guaranteed on stock. In
the event of refunulug the outstanding bonds, the new bonds are to be
guaranteed, principal and interest, by the Central. See abstract of
lease in V. 09, p. 282.— V. 09, p. 1001,1102. 1240; V. 70. p, 7-i.)
Dividends Cash dividends at the rate of 8 per cent yearly have been
paid for many years. Stock dividend, 10 p. o. in 1883 and 3 "a p. c in 1886
;
BR.—
RR.—
;
;
;
-
BR.—
,
—
2©
SUPPLEMENT.
INYESTOKS'
L.
LXX,
JTrmiscouata
N
?l-P><„
'
Hn*e>
Long
V
Edmuudston^fc^oSt- Basil
Lttke
k.
'
sGreen River
St.Fmiictst
/
Clalrsj
\Long
sv w«
/
Eagle \
Lakez
\/
«^-
-
Thomas
/ .d^t
Val
^rst,Mifcliel
.Levis
f
^Grand Falls
JO
*
Fish River
\V
_A
j^t.Cbarles-Jc
III
j
(roostook Jc.
Lndover
l
st.Henrv Jc.
fltPerth
\
>
rds
Q
/
V
Pierre
\Bqua\
o-n»
"Co
r\ASHLAND^
St.AnBelme
-J
F/
M
("I
II
J
*'RnELD
Forl Fairfield'
"
'iJc
Westfield%J^
rScotts
/A
Bath
MarsiHiimU
MarsSHillU^J
|
St.Mary
x
Churrhilli
Lake
Beauce
Frederic/ }\^St. Joseph
\Eagle or
f
s
/'
H^N^JV Florenceville
"Ve.g
lo\
y^t
Chamberlain-/
eLake
CO
rancis
Blaine^\J
/t.proix
leroMLake
a Rocher,
"
idgewater
9°
•O
St.
Jifasaruisfi^
r
t
Kent
Monticello^lA
r- vftllartland
nDc)^
Wjeeksbpro
keeksboron
f<e«
v>urBJc
'
I
Broughton*
cP
J
Island FallsVfrj/aC<(lu ani ea J
sjkA?
^Chesuncook
Lake
.
.
|
nton%
7^
^Canterbury
^/PattenJcW
Stadyvllle,
-\
tindston,(i#A?[
rn
A
Spying Hill
Ja<<
\_^>«StD>ACIFIC
Megajrt'ic
a' a
J\A
f
^.Paemtiellenee
I
>3
XA
1
i
Mattawamkeag
'Winn
o
—
f<\
s
jjfj
I
'
Lincoln.
Meadows
v*r^^s=- r^v_-J^T
1
.It-^VplSCATA^^^r
^
^l /,-Kflffield \ -r
\t
Ablx)t^QH^f=?r>YA
%1ieKri
\
v'" p lt/Passadjjmkeag
\
/ ^^—^-^
-P-^y'r,
TV
/T\
\-^
A6 J^oa^ LaGrang'^
\_Jreadwell VT B inghanl
4,
Grange^
4/r^SO.TTa
^/T
s^ ^f 7
^*
|WGreenbusf
sM/J
V6J^
f &
r
Alton^SK
\3&> \\
Dexter/
\
V—
-^
(,..„_.„
\
o\
n J»«mitt\
Pea.£o>e^\?
"-.End
SaL 7
^ingfield -^ Solon,
iSanders/' TEmbdeni]
LDTOWN) Qj
rini\ a z
>A U
/^3r°
\
i
(
J?
\
Mnlisnn
Lakes
i
V BROWNVILLE "7VLBR0WNVJLI
_
iL-^V QMonsolv
^ lancbaid'^A
\
'l|l
Wytopitlock^t- --^iwi
*'
Shiheyl^
JSS^^'C^l
-/^^
SebOei
\ /|te ^
GREEl/viLLe^L IRONWORKS
"V
1
'
KATAHDIN*^
X
\" Lowell
Bancroft
Tt
<C
\XScIioodic
pj
i.j
North
Moosehead?
Holeb
Megan ttci
^
'
^^
^
y
I
GuilfonTSS^<l
x UUUIU
\"'^
»
^
Jiig Laki
^.J^Wi
>
i
Siniipeley,
Ft m
.,
^WO
^
Mice 8
—
7Sal«m
/V^i^
DSon
<: ,-JfesJstrong O ^
\WS
~
>a_Ktt 8 «e w>SP
J^V^Vpkowhega'iv^
M^disorR
L
PYii!
•kt
L
NorridgeAvockTS
Wiltony^
I
V""^
/
Gilbe rt
l^^ocksMi Us
,.-,-'
Jilead
i
#
J
c £T7/'
{iversidf
WQJJSTA
Jc.
^ardi
V_
V
Saco
CE /VvTi!>"'
CeAlr^f
"iJucksporBI^'
Centre
iuWoV
r/
^31
f^l
D O^aS/1
-^Vt.Dese:ti
L
!
/I
,^
Machias
1
'iDESE
4
\.-Jmi
Union
-/•
<oble
*<£i
*
bCklaud^
Wiscass.e
c
f
u
Jrownheld^
Buxton
/'/
/'
nr.riil\J
TiT,7.b a poi
%
a
"'Waldobi
I
'Hiram\
.
fo
25i h
*P"WVh d:llsw
^^.Sttancock
,'Palernio>
A'Bdfden!
Kichn/ind
n
urrm
Orrin>noif?
il?!M
•
,
*>"i.""^
L
i
iR^jSST^L
>» ">y.HolOen-J
Pond
1
EN
2\\R.eadfield
,^>c\f
>
Vr eedsyfntre
West Paris^i East sSmrler Win?
°"
?\ oParisS^'
^
l
Alpjon
|1
v^^*K,t<|f
Yj |K
E«fe E C//W
Hartiordjf
</)
;~A
J
Z *c(North J^y
ii
'
**
!
i//„—
\\
..
^XBurUhlTmjZvtbBuruham
VI .
r
Farmington
V\
//K
\
\
J
J,\Unity'
V ,_-A Sha*mut\\
.
<
^
4*. . jft!-**
\ "^^"L^
& C£^ BANGOU
'
PalmvraV^/l
Palm>
ra
o
^pR.JLAND
RiveA^0l^ H ill^'l'H,\
cxMx
i
\, ^yWScai'Jipro Beach
#Se
OF THE
M^
Elizabeth
>
BANGOR
&
AROOSTOOK
RAILROAD AND CONNECTIONS.
--
April,
RAILROAD STOCKS AND BONDS.
1900.J
21
Subscribe™ will confer a great favor by giving Immediate notice of any error discovered In these Table*.
Bonds— Print 1INTEREST OR DIVIDENDS.
RAILROADS.
pal.When Due.
Size, or
Miles
Amount
Rate per When Where Payable, and by Stocks— Last
Par
of
of
Outstanding
For explanation of column headings, &c. see notes
Whom.
Payable
Dividend.
Cent.
Road. Bonds Value.
on first page of tables.
Boston
dk
— Stock..
$100
Lowell
mortgage.
do
do
Boston & Maine gives
0*
«...
do
a rental guarantee'
0*
do
o*..
for 99 years.
do
do
0.
do
Bonds
Nash.
& Low.. J
to
Note
Bonds, not
Bonds,
Bonds,
Bonds,
Bonds,
Bonds,
Bonds,
I
—
1,000
1,000
1,000
*92 1000&C.
1894
1,000
1
—
111
73
$&£
1876
1877
Var.
500&0.
Var.
1892
500
100
68
"8
. .
Kinzua—1st
1,000
1885
1887
1887
Portsmouth Great Falls & Conway, 1st mort
Charleston land mortgage notes
o
Port. <fe Roch. Terminal bonds (no mtge.)
Portland Union Station— See that company.
Boston <& Prov — Stock, 10 p. o. guar. 99 yrs., Old Col.
o*
Bonds, not mortgage
Boston Revere Beach dt Lynn— Stock
New 1st mortgage, $1,000,000, gold.... SB c-'&r
Boston Winthrop & Shore 1st mort assumed
Boston Terminal Co.— 1st mort., currency.OB .c&r
<&
1897-8
i',6'00
100
100
<fc
Brad. Bord.
1,000
1,000
1899
1880
Boston & Maine—Stock, common and scrip
..
Preferred stock, 6 per cent, non-cumulative
Improvem't bonds, s. f., not mort. or subj. to call
Improvem't bonds, s. f „ not mort. or sub), to call
Improvem't bonds, s. f ., not mort. or subj. to call
c&r
Bonds (not mortgage) for Imp. ref
..c&r
Bonds, not mortgage, gold
Eastern RR.certs.of indebt.lstM., g.,s.f.,notdrn.c
"27
M., $300,000, g.OTp.c*
Bradford Oent.-lBtM., $25,000 perm.,g.,$or*.Kc*
Brooklyn Elevated— See Street Railway Supple
Brooklyn diRockaway Beach.— lstM.,$350,000,g.o"
r
Buffalo Greek—1st mortgage
1883
1885
1892
1893
1895
1896
•88-'93
1,000
189*7
100
1000&C.
1886
1897
1892
1899
1,000
l,000<fec
500
1,000
3*3
6
1891
1882
1,000
1,000
Int., taxes, etc.
$30,588
$31,393
Balance, surplus
p. 1061, 1102, 1246, 1300, 1344; V. 70, p. 74, 328
—(V. 69,
Maine BB.— Road—The system with its many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
Springfield, Mass., Sherbrooke, Can., etc., and all important places in
New Hampshire, and includes:
Miles.
Lines owned.
Miles.
Boston, Mass. ,t o Portland.Me.
Boston to Me. State Line..
Conway June, Me., to North
Conway, N.
Rochester,
H
N.H
116 Branches leased
57 Trackage rights
73
,
570
7
Total operated Jan. 31, 1900.1,771
310
Double track
to Portland,
Me
54
141
Sundry branches
Lines leased.
State Line to Portland
Lines to Sherbrooke (P. Q.),
Rochester, White River,
Northampton, Groveton,
Keene, &o
51
F.
M.
J.|
A.
J.
J.
do
do
do
do
do
do
do
do
Nashua,
& O
&
&
&
&
&
&
&
J.
J.
A.
6
J.
do
do
do
do
do
do
do
do
Co.'s Office.
do
do
do
do
do
do
do
do
do
do
Bost.; Lond., Baring Br
A
&
&
&
M.
Office,
Boston, at Office,
do
do
Q.-J.
M. & 8.
&
&
&
&
Boston, at
Bost,
do
Hide
Mails, express, etc
4%
1903
1,
1905-6-7-9
Apr. 1, 1932
Feb. 1, 1913
Mch.
July
1, 1915
1, 1916
Oct.,1917&18
July 1, 1919
July 1, 1900
Apr. 2, '00, 1%
Mar.1,'00,3%
Feb. 2, 1905
Feb.
Feb.
1,
1,
Aug.
1,
Jan.
1.
Sept.
1.
office.
June
do
Sept.
Oct.
& L.Nat. Bk
do
1,
1,
1,
1907
1937
1942
1944
1906
1937
1906
1907
1906
1947
Sept. 1,
Boston, South Station.
N. Y., Met. Trust Co.
Feb.
1,
1942
N.Y„Knick.Tr.orL'don July 1, 1949
May
People's Tr.Co.. B'klyn.
N. Y.. Farmers* L. & Tr.
1899.
1,715
$8,522,202
10,286,339
1,082,066
Passenger department
Freight department
May
Boston.
Jan. 1, '00, 1%
Boston, State St.Tr. Co. July 15, 1927
&N
& J
Miles operated
Jan. 1/00,
Boston Term., room 526 Apr. 2, '00, 2*q
July 1, 1918
do
do
1931
1907
Jan.
1898.
1,715
$8,461,640
10,201,910
1,079,395
1897.
1,718
$8,538,278
9,975,436
1,042,973
$19,890,607 $19,742,945 $19,556,687
$6,141,963
$6,019,271
$5,947,581
$6,841,184
$6,759,475
$6,638,983
1,089,125
1,091,635
1,104,726
3,296,655
3,307,107
3,208,012
1,105,649
1,030,040
988,348
1,234,002
1,234,002
1,234,002
67,829
69,779
68.601
Total gross earnings
Net earnings
Net.lnclud. other Income
Interest
Rentals
Taxes
Dividends
Sinking fund
$45,413
Balance, surplus.
Stock and Bonds.— Stock authorized, $6,529,400. The debentures
were described on page 2, Supp. of April, 1895. (V. 68, p. 84.)
6c
A.
6g. M.
338,000
250,000
Boston, at
J.
$40,570
)
Boston 6c Lowell BB.— Road— Owns Boston to Lowell, 27 miles
branches— Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 32 miles; Middlesex Central, 11 miles; leases— Central Massachusetts, 104 miles; Connecticut & Passumpsic, 147 miles; Nashua
& Lowell, 15 m.; Peterborough, 10 m.; Northern N. H., 83 m. (and
subsidiary lines 99 m.); Stony Brook RR., 13 m.; Wilton RR., 15 m.
These leases were mostly assumed by Boston & Maine.
Leases.— Leased in 1887 for 99 years to the Boston & Maine at 7 per
oent per annum on stock till Jan. 3, 1897, and 8 per cent thereafter.
Boston
&
M. & N.
Various
Tear Ending June 30.
Dividends. Bal., sur.
$1,000,000 $560,129
$609,547
1899. ...$5,273,979 $2,169,676
1,000,000
507,661
419,146
1,926,807
1898.... 4,766,116
Annual Report.— Report for 1898-99 was In V. 69, p. 643.
1897.
1898.
1899.
Tear ending June 30—
$9,114,625
$9,241,569
$9,325,035
Gross earnings
2,456,550
2,446,568
2,647,374
Net earnings
337,980
337,980
337,980
Interest paid
78,000
78,000
78,000
Rentals...
2,000,000
2,000,000
2,000,000
Dividends (8 per cent)
200,000
Special equipment
Net.
J.
-J.
10
4,000,000
& J.
4
2.170,000
850,000 2 in 1899 J. & J.
561,000
4^g. J. & J.
M. & S.
5
289,000
313
Text.
14,500,000
4g. A. & O.
249,000
5 g. J. & J.
(»)
.WENT.
Latest Earnings.—For 6 months ending Dec. 31:
Qross.
8
$6,529,400
413
250.000
4
3,675,000
4
1,000,000
4
1,000,000
4
500,000
4
750,000
4
414,000
3^
620,000
5 g.
100,000
l
'99
In
21,902,925 6 4
6
3,149,800
4
1,000,000
4
500,000
4
1,919,000
4
2,500,000
4*2 g.
6,000,000
6 g.
8,297,834
413
998,000
4
594,800
4
113,500
Controls Me. Cent, (which see). 822
St. Johnsbury & Lake Champ.131
11
York Harbor & Beach
24
Vermont Val. of 1871
26
Sullivan County
701
The leased lines include Concord & Montreal, leased June 29, 1895.
Boston & Lowell, Central of Mass., Nashua & Lowell, Northern of N. H,
Worcester Nashua & Rochester, Connecticut River, etc.— ^ee each co.
In June, 1^99, suit was broueht by stockholders of the Central Massachusetts to break the lease.-— V. 68, p. 1224. On Apr. 5, 1900, lease of
the Fitchburg RR. for 99 years from July 1. 1900. was ratified at 5 p.
0. on the preferred and 1 p. c. on the common stock.— V, 70, p. 75. 685.
Organization, Etc. -An agreement with N. Y. N. H. <& H. regarding division of territory was made in 1893. (V. 56, p. 464.)
Stock.—The merger of the East. RR. of N. H. required issue
June 16, 1899, of $480,188 stock and that of the Portsmouth & Dover,
Portland Saco & Portsmouth and Portland & Rochester on Jan. 16,
:
1900. required $2,683,500 additional, making total issue $21,902,925,
of which*l,807,400ownedbythecompany, $1,128,200 of the latter being held by trustees as collateral for Kastern RR. certs, of indebtedness.-V. 69, p. 129,642, 794; V.68, p. 427.
Dividknds. S '87 "88 '89 '90 '91 '92 '93 '94 to Jlv, '99. From Oct. ,'99,
On common. ( 10% 9 9 9*2 9 8 8
see below.
6 yearly.
Dividends Oct., 1899, to Apr., 1900, 7 per cent yearly.— V. 69, p. 642.
Bonds.— As to ilebeutures see Supplement of April. 1895. Under
the lease of the Fitchburg RR. the B.
fit. will issue its
$% 500,000
fifty-year 3 per cent goldbonds to purchase, $ for $, the same amount
of Fitchburg common stock held by the State of Massachusetts and by
private persons.— V. 70, p. 175.
&
Loans and notes payable July 1, 1899, none. B. <& M. guarantees $1,328,000 llrst 5s of St. Johnsbury & Lake Champlain.
Also interest on $274,000 Manohestor & Lawrence 4s. Jointly with
Maine Central guar intees $300,000 Portland UDiou Ry. Station bonds.
The additional annual charges assumed under Fitchburg lease were
claimed not to bo over $260,000 above the$112,000 surplus from operations in 1898-9 of the latter company.
Latest Earnings.— 6 months ending Dec. 31:
6 inos.
Gross.
Bal., sur.
Net.
Oth. inc. Int., tax., etc.
1899... $11,747,891 $J,00f,378 $3l9,lv>9 $2,803,747 $1,518,829
1898.... 10.365,833
-',719,696
929,905
3,371,574
278,027
Annual Report.— Annual meeting second Wednesday in October.
Annual report 1898-99 iu V. 6y, p. 642, showed results as follows, the
operating expenses in 1898 99 including $652,646 in 1897-98, $675,208, and in 1896-97 $609,287 spent for permanent improvements.
—V. 69, p. 642, 794, 1061;
$29,422
$35,293
V. 70, p. 75, 175, 279, 632, 685.
Owns Boston, Mass., to Providence,
Boston 6c Providence
R. I., 44 miles branches, 20 miles leases 4 m. Leased for 99 years,
April 1, 1888, to Old Colony RR.; rental, 10 p. c. yearly on stock.
BB.—
;
;
Boston Bevere Beach 6c Lynn BB.— Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by
company's ferry boats; Boston Winthrop <te Shore Div., East Boston to
Wlathrop, 5 miles, with branches 3 miles. Of the 4>«8 of 1897 $289.000 reserved for Boston W. & S. 5s; balance unissued is for improve
ments. (V. 65, p. 68.) Notes and bills payable June 30, 1899. $90,490.
Dividends. ) 1888-91. '92. '93. '94. '95. *96. '97. '98. '99. 1900.
4*2
4
3
2
2
5
Percent. ) 7 yearly. 5*2
't
Jan., 1
Earnings.— Year ends June 30. Report for 1898-9 in V. 69, p. 953.
<& taxes.
Div. paid. Bal., surp.
$48,314
$17,000
45,218
17,000
$401
—V. 65, p. 68, 568; V. 67, p. 1000; V. 69, p. 953.)
Boston Terminal Co.— Owns Southern Union Depot in Boston
opened in 1899. V. 68. p. 40; V. 69, p. 591. Boston <fc Albany, New
England. Boston & Prov., Old Colony and N. Y. N. H. <$ Hartford RK.
Cos. each owns one-filth of the $500,000 capital stock and pay as rental
in monthly instalments sums sufficient to pay all expenses, charges.
These companies are
Interest on bonds and 4 per cent on stock.
Registered intJointly liable for any deficiency in case of foreclosure.
erest payable Q.— F.; coupons F. & A.— (V. 69, p. 129, 591.)
Bradford Bordell 6c Kinzua By.— Owns Bradford to Smethport. Pa., 26*1 1 miles. Leases Ormsby Jc. to Mt. Jewett, Pa. (Big Level
iv Kinzua RR.), 10 48 miles, andMt. Jewett to Kane, Pa.(Pitt*. it West.)
11 49 miles; total operated, 48 08 miles. Stock, common, $300,000 authorized; $249,000 issued; par, $50. Year 1898-9, gro^s, $84,915: net
over rentals and taxes, $17,576; interest, $9,960; surplus, *7,616.
President, Geoige L. Roberts, Pittsburg, Pa.; Sec, J. B. MoGeorge, 30
Broad St., New York.
Bradford Central BB.— Projected from Canton. Bradford Co..
Pa., to Towanda, Canton to Ansonia, Pa., etc. Bonds as in table. V.
Tear.
Net.
Gross.
1898-99
1897-98
Int.
$65,314
62,619
$288,815
258,758
-
W. Adams,
1 owanda, Pa.
V. 70, p. 279.
ITIluiiesota By.— Brainerd to Bemldjl,
Stock, $500,000; par $lo0.
91 miles, completed in January, 1899.
Year ending June 30, 1899, gross, $220,297; net, $89,897; taxes, rent
Current liabilities June 30,
als. etc., $10,557; surplus, $79,340.
1899, $726,945; funded debt, none. President, E. A. Merrill; Treas.,
E. L. Carpenter, Micneapolis, Minn.
Brooklyn 6c Brighton Beach
V.68, p. 1179; V.69, p. 228.
Brooklyn 6c Bockaway Beach BB.— Owns road from Bast
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 3h mile- [ol
which 3 miles double track), and operates terry to Kockaway Keaen.
Operations suspended during winter months. STOCK is 9150,000; par.
$50 Loans and bills payable June 30, 1899, $84,700; real estate
mortgage, $55,877. In year ending June 30, 1899. cross, $6,322;
def., under operating, $5,335; other Income, $5,440; int. and taxes,
$31,982; balance, deficit, for year, $31,877.
II 11 Halo Creek BB.— Owns 6 miles of terminal road in Buffalo
N. Y. Iu January, 1S90, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., which together own entire capital
stock of $250,000. Dividends iu year 1895-96, 7 p. c.
It 11 Halo Rochester 6c Pittsburg Bailwa) .— (Sec Map.)— Operates from Buffalo and Rochester, N. Y., to the bituminous coa! regions:
Leased --E n ti re sCk oirn'd Milei
Miles.
Lines owned in fee
Johnsonburg A Bradford RR.-Buffalo Creek, N. V., to Howard
Howanl June, to Mt. Jewett. 20
June, Pa
85
Clarion Juno., to Walston, Pa. 62 Lincoln Park <*- Charlotte
10
94 Perry KK
1
Rochester to Ashfonl, N. Y
Leased— Slock not owned.
16
Four branches to mines
Allegheny A Western—
Trackage
Punxsutawuey to Butler, Pa. 60
Erie— Mt. Jewett to.Clarion J. 21
70, p. 279.
President, Geo.
Brainerd
6c
Northern
BB.—
—
—
—
.
Pitts.
& West.— Butler,
Newcastle
Ribold Jc,
City,
Pa., to
44
Pa., to
Allegheny
Pa
Total Oct., 1899 (''8ee
Clearfield A Mahoning—
Clearfield to Beech Creek
Mahoning Valley
RR
RR. 26
2
31
separate statement for this company). ..472
29
INVESTORS' SUPPLEMENT.
[Vol*
LXX.
RAILROAD STOCKS AND BONDS.
April. 1900. J
23
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Honda— Princ iINTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Due.
Amount Rate Per When When Payable, and byi (ial,Wben
of
Stocks— Last
For explanation of column heading, &c, see notes
Outstanding
Payable
Whom.
Cent.
Road. Bonds Vafue.
Dividend.
on first page of tables.
M
1891 $1,000
$238,000
$1,000,000 e. c6
Buffalo Greek— (Concl'd)— Con.
Buffalo N. T. dkErie— See Erie Railroad.
100
6,000,000
Buffalo Rochester dk Pittsburg— Common stock
100
6,000,000
Pref. stock, non-cum.; com. 6%; then pro rata.
c*
108 1881
1,000
1,300,000
gold, Rochester to Salamanca
R. & P. 1st
276 1882
1,000
3,917,000
R. & P. consol. mort., $20,000 per mile, gold, g.c*
276
1887
o*
1,000
4,407,000
B. R. & P. 1st general M. ($10,000,000) g...
1897
1.000,000
1,000
Debentures, $3,000,000, curreney.call at 105.0"
c*
10 1889
1,000
350,000
Lincoln Park & Charlotte 1st mort., gold, guar.
1
1882
20,000
1,000
Perry Railroad 1st mortgage, guaranteed
Var'u.s
304,000
Real estate mortgage
'90 '98
i'.obo
733,000
B. R. & P. car trusts, gold
1899
283,000
1,000
Equipm't bonds $500,000, g., not subj. call.-O'.c*
50
1,518,000
Buffalo dk Susquehanna—Stock. $2,000,000
112 1893 500 Ac.
1,056,500
1st m.,$2,000,000 g., s. f.,subj. to call at par.c*&r
100
5,500,000
Burlington Cedar Rapids <& Northern— Stock
1876 lOO&c.
c*&r 269
6,500,000
let mortgage
1881
1,000
1,905,000
Ced. Rap. I. F. & N. W., oonsol. 1st M., g., guar.c
o*&r "iii 1884 l.OOO&c
7,250,000
B.C.R.&N. con. IstM. &col. trust, gold
12 1877
500
150,000
Minneapolis & St.Louis.lst mort., gold (assumed)
100
1,000,000
Butte Anaconda dk Pacific— Stock $1,000,000
1893
1,000
1,000,000
1st mortgage, $3,000.000
295 1890
£100 £1.121,700
Calgary <t Edmonton 1st mort. 6s, red. at 110
per
mile.
30
1896
441,000
1,000
California Eatt'n— 1st M., gold, $15,000
60 1898
1,000 None Mar '00
Oal. JNorlhw.—lBfM... g. ($2,000,000, gu. p.&i.) s.f.
RR.
Southern
Pacific
Bee
California Pacific—
50
50
1,300,550
Oambria dk Clearfield—Stock, $2,150,000 auth
c*
80 1891
1,000
1,279,000
1st M. ($2,000,000) gold
Camden dk Atlantic—Bee West Jersey & Sea Sho RE.
30
25
381,925
Oamden <6 Burlington County Stock, 6 p. ct. guar.
30 1897
1,000
350,000
1st mortgage, $350,000, gold, gu.p.A i.by P.RR.c*
M
—
,
5g.
2 In 1899 F.
.
Un
5
6
5
7
i
The entire capital stock ($4,000,000) of the Rochester
Pittsburg Coal & Iron Co. is owned, the property June 30, 1899, being
bonded for $2,173,000. V. 66, p. 1088) and through that oompany
in May, 1896, control was acquired of Jefferson & Cleariield Coal &
Iron Co. (see Mlscel. Cos.) with $3,000,000 stock and $3,000,000
bonds. The B. R. & P. Ry. controls the coal output from over 30,000
aores of bituminous coal lands in Jefferson and Clearfield counties, Pa.
V. 62, p. 908; V. 63, p. 115. Clearfield & Mahoning securities are guaranteed. As to All. & Western, see below.
Dividends.— On pref., in 1892, 5 1893, 1*4 p. c; 1897, 1 p. O.j 1898,
V. 70, p. 229.
2 p. c; 1899, 2 p. c 1900, Feb., 3p.
Bonds.— General 5s for $5,593,000 are reserved for prior bonds, etc.
The $3,000,000 debentures of 1897 are to be secured by any subsequent mortgage made except if made for refunding existing prior liens
or for extensions exclusively; debentures are subject to call at 105,
any January or July. See V. 64, p. 706. R. & P. income 6s. $5,000. A
sinking fund of 5 per cent will retire equipment bond* , series "A," annually on May 1, If purchasable at or below par, otherwise to be applied
to the purchase of ajditional equipment. V. 68, p. 1131.
General Finances.— In June, 1897, $1,000,000 debentures were
sold and floating debt of $900,000 paid off.
The Allegheny & Western Ry. has been operated since Nov. 2, 1899,
as an extension of 60 miles from Punxsutawney westerly to Butler,
Pa., from which to Pittsburg and New Castle, Pa., the Pitts. & West,
The All. & W. is leased, and 6 p.
is used under trackage agreement.
V. 66, p. 335, 759; V.
ct. on stook and 4 p. ct on bonds guaranteed.
69, p. 383, 500, 1010. (See this Sofpt., Al. & W.)
Earnings.— 8 months, > 1899-0.. .gross, $3,050,077; net, $1,189,177
882,940
2,564,090; net,
July 1 to Feb. 28.
J 1898-9... gross,
For6mos. ending Dec. 31, 1899, net, $870,169, against $699,335;
other inc., $9,867 oharges, $512,140 ; sur., $367,896, agst. $207,039.
Semi-annual div., 3 p. o. on preferred, calls for $180,000.
in V. 41, p. 516.
&
;
;
o—
;
Annual Report.— Fisoal year ends June 30. The annual meeting is
New York on the third Monday in November. The report for
held at
1898-99 was given at length in V. 69, p. 488, 489. In 1898-99 carried
4,257,679 tons of bituminous coal (out of 6,247,910 total tons of freight
moved), against 4.092,850 in 1897-98.
1899.
Tear end. June 30—
1898.
1897.
1896.
Gross earnings
$3,788,456 $3,683,590 $3,311,766 $3,141,888
Net earnings
$1,172,«43 $1,122,018
$961,524
$856,976
13,512
Other income
22,514
35,510
37,889
—
Total receipts
$1 ,186,355
668,110
Interest on bonds
Int. on floating debt.
330
127,964
120,000
Rentals
Dividend on pref
Balanoe
—(V. 69.
p.
$1,144,532
$665,966
4,264
121,981
120,000
$997,034
$598,777
46,705
120,665
$894,865
$603,901
45,860
127,460
sur.$269,951 sr.$232,321 sr.$230,887 sr.$117,644
V. 70, p 229, 279, 685.)J
St. Mary's
S.
See Pitts. Shawmut & North.
& W.—
Buffalo
Buffalo A Susquehanna KB.— Owns from Keating Summit,
on the Western New York & Pennsylvania RR., to Ansonia,
on the Fall Brook RR., 62 miles; Galeton to Wellsville, on Erie
RR., 37 miles, with branches 13 miles Wharton, Pa., to Bailey Run, 4
miles leases Addison, N. Y., to Galeton, Pa., 46 miles total operated, 162 miles. The road affords outlet for an extensive timber seotion (upwards of 200,000 aores), to Buffalo, New York and Philadelphia.
Dividends—
>
1895.
1896.
1897.
1898.
1899.
1900.
paid in Jan., %
5
4
Jan., 5
5
5
5
5
Bonds— Mortgage, V. 57, p. 639, and application to N. Y. Stock
Exchange, V. 58, p. 1036. Bonds cannot be issued to exceed $15,000
per mile of road completed and equipped. The mortgage is also a lien
on about 89,394 acres of timber lands, estimated as worth $1,700,000.
The sinking fund retires each year as many bonds as indicated by
dividing total outstanding by the number of years the bonds have yet
to run, purchasable in the open market, or subject to call at par in
order of numbers, beginning with the highest V. 65, p. 234. To Oct.,
1899, $413,500 firsts had been retired by sinking fund.
Earnings.— 8 months, ) 1899-0
Gross, $547,399; net, $282,764
July 1 to Feb. 28.
51898-9
Gross, 517,366; net, 165.758
Report.— Report for 1898-9, gross, $767,319; net (over taxes) ,$248,036; interest, $57,669; sinking fund, etc., $112,529; dividends, $75,900.
In 1897-8, gross, $625,692; net. $261,952.— (V 69, p. 333, 902.)
Burlington Cedar Kaplds A. Northern By.— Operates:
Lines owned in fee
Leased All stock owned —
Burlington, la., to State Line,
Iowa City & Western RR
75
Minn, (less 11 miles leased). .230 Cedar Rapids, I. F. & N. W.,
Branches owned to Postville,
Holland, la., to Watertown,
Riverside, Holland, etc
204
So. Dak., &o
528
Leased
Ced. Rap. & Clinton RR., &o. Ill
Manly Jo. to Norwood
11
8tate Line to Albert Lea, Minn. 12
Total operated Jan. 1, 1900. 1,171
Pa.,
;
;
—
—
—
11
J.
J.
J.
g.
5
&
5
7
g.
1,
1941
A. N. Y., 36 Wall Street. Feb. 15,-00, 3%
A. N. Y., Union Trust Co. Feb. l, 1921
D.
do
do
Dec. 1, 1922
do
S.
J.
J.
New
do
do
D.
do
York,
do
Sept. 1,
Jan.
1,
1937
1947
Jan., 1939
do
&
Y„ Guar. Trust
May
M.
N. N.
Co.
1900-1908
1, 1919
Jan., 1900, 5%
N. Y., H. Fisk & Sons.
Oct., 1913
A. N. Y., Corn Exch. Bank. Feb. l.'OO, 4%
D. N. Y., Central Trust Co. June 1, 1906
Jan.
A.
A.
F.
5
See text J.
5
Jan.
June, 1902
Various.
J.
gg.
N.Y., Farmers' L.&Tr.
Rochester, N. Y.
A.
8 in 18§9 F.
5
<fe
&
&
&
&
&
J.
Various
J. <fe D.
5 inl900
J.
5g. A.
5g.
J.
6
4
J.
F.
g.
&
&
&
&
&
&
&
&
&
&
&
&
&
O.
do
do
O.
O.
do
do
Oct.
D. N.Y. Continental N. Bk.
Apr.
1,
1,
June
1,
1921
1934
1927
See text.
A.
New York.
Feb. 1, 1923
Lon.
Morton,
Chap.
&
Co
July
J.
1, 19)0
Denver, Col.
J.
July 1, 1921
O. San Fran. & New York. Apr. 1, 1928
J. Phila.,
Broad
St. Stat'n,
J. Phila.,
Broad
St.
do
A.
Jan.
1,
1941
Stat'n Jan., 1900,
do
Feb.
1,
3%
1927
In Ootober, 1 899, new branch opened from Armstrong west to Esther18 miles. Extension also in progress from Wortbington, Minn.,
to Hardwick, 36 miles, of which 17 completed and balance by June 30,
1900.
Extension from Germania, la., to Albert Lea, Minn., 44 miles, to be
completed by August, 1900.
History.— Successor to the Burl. Ced. Rap. & Minn., foreclosed 1876.
Stock.— Authorized. $30,000,000; outstanding, $5,500,000; par, $100,
The Rock Island Co. is understood to be a large stockholder.
Dividends— J 1893. '94. '95. '96. '97. '98. '99.
1900.
Percent. < 3
3
3
4
4
4
8 Feb., 4, incl.2 ex.
Bonds.— Cedar Rapids I. F. dk JV. W. bonds are guaranteed (p. <fe i.),
and so endorsed; the $825,000 6s were called and paid April 1, 1899,
and an equal amount of consol. 5s of 1884 issued. V. 68, p. 185, 721.
Of the B. O. R. dk AT. 5s of 1884 (Central Trust Co., Trustee*, bonds are
reserved to retire, if deemed best, all prior and divisional bonds. For
extensions bonds may be issued at $15,000 per mile for single and $7,500 per mile for second traok, the total author, issue not being limited.
Minneapolis dk St. Louis bonds due June, 1927, numbered from 1,101
to 1,400, for $500 each ($150,000 in all), have been assumed.
Gross, $711,651; net, $212,871
Earnings.— 2 months, ) 1900
Gross, 709,119; net, 222,205
Jan. 1 to Feb. 28.
51899
ville, la.,
Annual Report.— Fiscal year ends December
31.
Annual meeting
held on last Tuesday in May. Report for 1899 was in V. 70, p. 789.
1898.
1897.
Tear ending Dec. 31— 1899.
1896.
Gross earnings
$4,926,933 $4,545,643 $4,292,162 $4,450,035
1,432,761
1,430,821
1,243,330
Net earnings
1,083,303
60,123
40,031
Other receipts
123,101
28,205
is
Total net income.. $1,555,862
Interest on debt
$1,490,944
799,400
(4)220,000
66,893
$1,283,361
799,400
(4)220,000
472
$1,111,508
807,673
(4)220,000
1,642
347,820
$404,651
650,378
20,186
$263,489
546,694
20,781
$82,193
754,812
146,677
$1,335,059
$1,034,842
$789,402
$690,328
795,275
(8)440,000
Dividends
Miscellaneous
$320,587
Surplus
Cash assets prev.yr.
Improvements, etc.
Totsur.Jan.
—
l.'OO.
1,362,292
567, 721; V. 70, p. 684, 789.)
Butte Anaconda & Pacific By.— Butte to Anaconda, 26 miles
spurs, 22 miles Anaconda to Stuart, Mont., formerly part of Mont.
Union Ry., 8 miles; total, 56 miles. Bonds authorized at $40,000 per
mile. Capital stock, $1,000,000 (par $100). On June 30, 1897, the
Great Northern owned $490,000 stock and $1,000,000 bonds Anaconda Copper Mining Co. owned $510,000 stock.
For year ending June 30, 1899, gross, $959,172; net, $506,339; inter(
V. 68, p. 185,
;
;
;
est, rentals, etc.,
$53,147; balance, surplus, for year, $453,192.
Divi-
dends at 6 per cent per annum in 1898-99.
Calgary
& Edmonton By.— Owns
Edmonton, Can., 191
280, 383, 488, 499, 954, 1010;
;
g.
g.
4*2 g
—
Buffalo Rochester dc Pittsburg By.- (Concluded.)
Organization, Etc. —Successor in March, 1887, to the Rochester &
Pittsburg, which was foreclosed in October, 1885. Plan of reorganiza-
P.
J.
5&6
I
—
&
J.
from Calgary, Canada, to
and
to Fort McLeod, Can., 104 miles
Leased at cost of operating July 1, 1896, for 5 years to Can. Pacific, V.
62, p. 1086. The Government subsidy (of £16,000 per annum for 20
years) and total net earnings will be applicable to payment of interest, the balance of any coupon to receive scrip redeemable out of
surplus earnings. On Jan., 1897, coupon 1 p. o. was paid; on July,
'97, coupon, 1H p. 0.; Jan., 1898, 13i p. c; July, 1898, 2 p. c; Jan.,
1899, 2 p. c; July, 1899, 2 p. c; Jan., 1900, l^p.c. The land grant
was 1,888,448 acres, of which about 407,402 acres unsold held (Oct.,
miles,
—
1899), by
Government against
subsidy.
Stoch $1,000,000, par $100.
In 1898-9, gross, $249,895; net, $78,902. In 1897-8, gross, $357,587;
net, $194,379. (V. 67, p. 27; V. 69, p. 1345.)
California Eastern By.— Owns 30 m., from Blake to Manvel,
Nev. A reorganization in 1896 of the Nevada Southern Ry. Stock,
$588,800. Mortgage trustee is International Trust Co., Denver, Col.
Year ending June 30, 1S99, gross, $17,363; net, $2,664, President.
R. W. Woodbury, Denver, Col.
California dc Nevada HR.-V. 63, p. 29. Receiver, A. A. Grant
California Northwestern By.— Operates under lease the San
<te
North Pacitio Ry., extending from Port Tiburon, Cal.
(whence ferry to San Francisco, 6 miles), to (Uriah, Cal.. 106 miles, and
branches, 59 miles. Also, in 1900, proposed to build an extension
60 miles into the iedwood forests of Mendocino and Humboldt counties, Cal.
Incorporated in March. 1898. Stock authorized. £3.000.000;
ible
issued, $1,500,000; par,$100. Bonds. $2,000,000 author
at $25,000 per mile, to be guaranteed by -an Francisco A North Paeiiic,
years
from
Pros.,
leased for net profits for 20
Sept 20, 1S98
A. W.
Foster; V.-Pres.. Geo. A. Newhall; Sec. and Comp., I'lio-. Mellersh.
For year ending June30, 1899, gross, $684,168 net, $253,654.—V. 67.
Francisco
;
p.
370. 638. 788.
By.—See Southern Pacific RR.
Clearfield Kit.— Cresson to Glen Campbell Junction,
48 miles; branches, 49 miles. Stock (par $50» paid in f 1.300,550 all
owned by the Pennsylvania RR. Co., which operates the property under
an arrangement terminable at option of either party. Net earnings are
paid as rental. A full abstract of the mort trace was m V. 52, p. 976. In
year 1898, gross, $374,047; net. $122,160; interest and taxes. $79,237.
In 1897 gross $308,621; net, $S7,384.
California Pacific
Cambria &
21
SUPPLEMENT.
INVESTORS'
[Vol.
LXX.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds— PrinciRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Dne.
Amount
Par
of
of
Rate per When Where Payable, and by Stocks— Last
For explanation of column headings, <fec, see notes
Outstanding
Road. Bonds Value.
Cent.
Payable
on first page of tables.
Whom.
Dividend.
i
Canada Atlantic— 8took ($1,000,000
is pref.)
F
1st mortgage, gold (see V. 62, p. 277).
Canada Mick, ct Okie— 1st inort. See V. 63, p.
Canada Southern — Stock
o*
M. $14,000,000 (Can. money). SeeV.63.p.l88.
2d M. for $6,000,000. Can ad n money. Do.do.c&r
Learn.
& St. ClairlstM., gold, gu.,p.&i.(end)....c*
Pref. stock limited to 4 p.
c, non-cumulative
100
1878
1,000
1883 l.OOO&c
1895
1,000
100
mortgage debenture sterling
c*<fcr
lstmort. on Algoma Branch, gold
Land grant bonds, int. gu. by Can. Gov't... o*<fer
1st
Consolidated perpetual debenture stock
Securities of Principal Leased, etc., Li
Manitoba 8. W. Col. R'y $12,000 p. in., int. guar.g
& Northwest— lstmort.
1,000
1,000
r
Can. Pacific, land more, gold (redeem at 110)
gold, guar..c*&r
C. P. owns $610,767.
Lawrence Ottawa— lstmort., gold, see text
Ontario & Quebec stock guaranteed in perpetuity
North Shore Ry.— 1st M.
St.
459
404
404
16
(See text)
Canada Central RR. 2d mortgage (now 1st)
Quebec Pro v. due on Q. M. O. & O. and N. 8. RR.
Atlantic
18S9
838
1st
Canadian Pacific— Stock
138
.
<fe
Ont. & Que. deben., interest guar, in perpetuity.
Toronto Grey & Bruce, 1st M., gold, int. as rental.
New Brunswick Ry.lstM.,gold,int.from rental. c*
Perpetual consol. debent. stook, int. guar
269 1880 .fiioo&c
370 82-'83
1881 500&C.
3,221 1885 £100 &C
183 1888 £100 &c
1888 £100 &c
....
1889 £1 &c.
-
1884
1,000
2,544,000
1887 £100 &c £1,330,000
1883
£100
$616,120
1876 £50 &c
£200,000
$100 $2,000,000
218
350
205
58
671
191
174
£100
£100
1883
1884
Minn. St. P. & S. Ste. Marie -See statement of that company.
Duluth So. Shore & At Ian tic -See statement of that company.
Cape Fear <£ Yadkin Val.—»ee Ati.aniic & YaDKI n Ry.
50 1899 500 &c.
Carolina Northern— 1st mort., $500,000. GuP
Camden & Burlington County UK.- Owns from Camden, N. J.,
toPemberton. N. J.,23 miles; branch, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by the Pennsylvania RR which
guarantees 6 per cent on stock. Stock, $381,925; par $25. Dividends
in January and July. In 1898, gross, $243,890; net, $30,260; loss to
lessee under rental, $7,156. In 1897 gross, $232,875.— (V. 64, p. 373.)
Canada Atlantic Ry.— Owns Ottawa, Canada, to Parry SouEd via
Alburg, Vt., with bridge over St. Lawrence river, 407*2 miles. Uses Vermont & Prov. Line Ry. to Swanton, Vt., there connecting with Boston &
Maine and Maine Central systems. Also has trackage Lacolle to
Rouse's Point, N. Y., 4 miles, there connecting with the Delaware &
he company
Hudson and Ogdensburg & Lake Champlain systems.
also runs through trains to Montreal, using the Grand Trunk Ry. from
Coteau, Montreal, 37 miles, under a traffic contract. Leases for 99
years the Central Counties Ry., extending from Glen Robertson to
Flawkesbury, 21 miles, and South Indian to Rockland, 17 miles; also
Pembroke & Southern Ry., Pembroke to Golden Lake, 20 miles.
Ottawa Arnprior & Parry Sound Ry., Ottawa to Parry Sound, 260
miles, was completed in Dec, 1896, and in May, 1899, was amalgamated
with the Canada Atlantic. It was proposed to make a new loan to
consolidate the debts ot the two co's., but no action had been taken to
October, 1899.— V. 68, p. 669; see also V. 69, y. 178. Consolidated Co.
said to be authorized to issue $7,'. 00,0>0 stock, of which $1,400,000
preferred, and bonds at $25,00 per mile.
The Canada Atlantic Transit Co.. organized about Oct., 1899, with
$ ,000,000 stock, will operate a fleet of steamers from Parry Sound to
Duluth. Milwaukee and Chicago.— V. 69, p. 951. The Great Northern
Ry. of Canada, to be completed during tbe summer of 1900. will, together wltn the Canada Atlantic, form a short through route for oce inbound freight irom Parry Sound to the deep water docks at Quebec.
,
I
>
:
—V.
70, p. 279.
Stock, $2,000,000 common and $1,000,000 preferred.
Earnings in year ending June 30,1898. gross, $714,566;
935.-(V. 68, p. t>69; V. 69. p. 178, 953; V. 70, p. 279
)
ing the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc., 231 miles; total, 457 miles, of which 100 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
London, Out., 15 miles. Double track, 98 miles.
Organization, Contracts, Etc.—The Company was chartered in
28, 1868, and debt readjusted in 1878. In Nov.. 1882,
a close contract was made with the Michigan Central for 21 years
from January 1, 1883, providing for the payment to Canada Southern
of one-third the joint income over all fixed charges. The contract
provided for a re-apportionment every five years, and in December,
1892, it was agreed to give the Canada Southern 40 per cent and the
Mich. Cent. 60 per cent of the first $1,000,000 of net earnings, any
amount over that to be divided on the basis of one-third and two-thirds,
as before. But under the original contract each company is still accorded
consequently as the
all benetit from the reduction in its fixed charges
Michigan Central to Jan. 1, 1898, had reduced its charges about $327,-
Canada February
;
amount is credited to it before division is made V. 64, p. 5.
Dividends —1888 '89 '90 '91 '92 93' '94 '95 '96 '97 '98 '99 1900
000, that
3 3 2*2 2*3 2
2
2 Feb., 1
Since 1887.... 2V/o 2^ 3^ 2^ 3
Bonds.— Bonds are payable in Canadian currency.- V. 63, p. 188.
Annual Report.— Advance report for 1899 was in V. 69, p. 1297; Canada So. sliare of earnings, $303,000 other income, $4,000 dividends, $300,000 bal., surplus for year, $7,000. In 1898 Canada Soshare, $300,667; other iucome, $1,424 dividends, $300,000; balance,
surplus, $2,091. Total surplus Jan. 1, 1900, $11, 700.— (V. 69, p. 1300.)
Canadian Pacific Ry.—Road— Own a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows Jan., 1900.
2,905 Under construction Jan. 1,
Montreal to Vancouver
1,692
1900, (including 143 miles
Branches and auxiliaries
practically completed)
2,309
250
Leased lines
;
;
;
I
|
1
Operated acct. of owners
732
Also controlled but op. sep.
UMinn. St. P. & Sault Ste. M.1,245
UDuluth South S. & Atlantic 589
7,000
If See each co's statement.
Total in traffic returns
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 tit for settlement. The Ontario
& Quebec. Montreal to Toronto Junction, 334 miles, was leased in 1883
for 999 years, and its stock and bonds guaranteed.
Stock. The company bought of the Dominion Government an annuity of 3 p. c. per annum on the common stock for the ten years 18841893, the last payment having been made in August, 1893. The issue
of preferred stock must never exceed one half the common stock.
Used
94
jointly
|
I
I
|
—
DIVIDENDS—
1900)'85. '86-'89. '90*93. '94. '95. '96. '97. '98. '99.
2^ 2ij 4"s 4 Below-
Common p. c > 4 3 y'rly 5 y'rly 5
Issued in 1894.
Preferred p.c )
On common in 1898, April, 2^ p. c; Oct.,
Oct., 2 p. c; in 1900, Apr., 3 p.
Bonds, Debenture
c.
&
O.)
4 p. ct. yearly (2 A.
2 p. c; in 1899, Apr., 2 p. c;
(V. 70, p. 328.)
i
(6)
g
4
5
$150,000
5
&
&
N. Y.,Bk.Mont.,
,
London, Co.'s
g.
g.
A &
O.
Philadelphia.
J.
g.
1,
2%
1910
Montreal.N. Y. or Lond'n Oct. 1, 1931
London, Baring B. & Co. July 1, 1915
do
do
July 1, 1937
do
do
July 1, 1938
London, Comp'ys office. Irredeemable.
J.
F.
4
2, '00,
Mar.l, 1904-06
D.
D.
J.
J.
J.
Apr.
Nov.
do
J.
O.
15J.&D.
5
Office.
Montreal.
D. N.
&
Jan. 5, 1909
N. Y., Gr. Cent. Station. Feb. 1 '00, 1%
N. Y., Union Trust Co. Jan. 1, 1908
N. Y., Union Trust Co. Mch. 1, 1913
Montreal, Bk. of Mont. Oot. 1, 1945
N. Y, 59 Wall St. &Lon. Apr. 2, 00', 3%
&
&
&
&
&
A.
4
& Mont.
Y, 59 WaU & London
London, Baring B. & Co.
do
do
Can. Pac. office, London.
Montreal and London.
London, Morton, Rose.
Toronto and London.
London.
do
J.
J.
-
6
£4,007.381
£719,000
£630,000
£347,872
& J.
P. & A.
J. & J.
M. & 8.
A. & O.
A. & O.
A. & O.
Various
A. & O.
A. & O.
& J
& J
& J
J. & J.
J.
J.
A.
June
1,
1934
Jan. 1, 1937
Apr. 20, 1904
See text.
Dec,
'99,
3%
Irredeemable.
July 26, 2882
Aug.
1,
1934
Irredeemable.
Apr.
1,
1929
1888, the company relinquished its exclusive right to operate in Man!
toba lines to the International Boundary, receiving the Dominion Government guarantee of interest on $15,000,000 of land bonds These
bonds are a lien on 15,444,200 acres of land subject only to $3,426,000
land grant bonds of 1881, which are redeemable at 110.
List of securities held against consH. debenture slock in V. 70, p. 536.
Canada Central 2d mortgage, 6 p. c for $973,333, mature Nov. 1,
1910; the $»50,000 tirst 5s fell due and were paid Oct. 1, 1899.
In June, 1890, company agreed to guarantee the principal and Interest of $20,000,000 4 per cents, to be issued by the Duluth South Shoi e
& Atlantic; also 4 per cent interest on consol. bonds of the Minneapolis
St. Pail & Sault Ste. Marie and in 1899 interest on the 2nd mortgage
4s of th«i latter. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68,
Dul. S. S. & At. consols owned Jan., 1900, $15,107,000.
p. 669, 770.
To the Atlantic <6 Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year til)
1906 and Canadian Pacific guarantees the balance of interest money.
St. Lawrence <£ Ottawa bonds are endorsed with the Canadian Pacific's
acceptance of a 999 years' lease at a rental sufficient to pay 4 per cent
interest on bonds, and the bondholders' agreement to accept interest
at 4 per cent (instead of 6 per cent as formerly) and to refraiD from
demanding payment of principal during continuance of lease; the maturity of the bonds is June 15. 1910.
The New Brunswick Railway consolidated debenture stock has
Interest guaranteed by C. P.; interest on the first mortgage bonds,
though not guar, is paid out of rental under 990 year lease of 1890.
Lands.— Lands unsold Dec. 31, 1899, were 15,590,063 acres of Canadian Pacific grant and 984,194 acres of Manitoba South Western
grant and 183,792 acres of Columbia and Kootenay grant.
Total
sales in 1899 were 416,806 acres, for $1,327,667.
General Finances. The stockholders in April, 1900. authorized expenditure of $3,264,489 during 1900 for bridges, ballasting, terminals,
equipment, etc, and also approved a lease of the Manitoba <fe North
western Ry., 253 miles, and of the Great Northwest Central Ry., extending from near Brandon, on tbe main line, northwest fl ty miles,
with an extension 20 miles under construction. V. 70, p. 535.
In 1899 £1,200,000 of 4 per cent preference stock was sold, ahd
proceeds applied to purchase of railways, extensions, additions, improvements and equipment also £1,147,400 4 per cent consolidated
deb. stock for the purchase of guaranteed securities.
Gross, $4,106,159; net, $1,314,302
) 1900
Earnings.-2 mos..
Gross, 3,617,953; net, 1,217,235
Jan. 1 to Feb. 28.
51899
Annual Report. Fiscal year to end June 30. Annual meeting is
held at Montreal on the first Wednesday in October. The report for
1899 in full was in V. 70, p. 526, 535. See also editorial p. 558.
1898.
Year ending Dec. 31.
1899.
1897.
Miles operated December 31..
7,000
6,681
6.568
$7,098,097
$6,538,5^0
Passenger earnings
$5,796,115
16,231,445
Freight
18,738,885
15,257,897
3.393.056
J,368,942
2,995,522
Mail, express and miscell
Total earnings
$29,230,038 $2d,138,977 $24,049,535
59-92
57*16
Per ct. of oper. exp. to earu'gs.
68 16
$12,230,166 $10,475,372 $10,303,776
Net earnings
423,367
340.706
Interest received
1.150,198
$13,380,364 $10,898,739 $10,644,482
Fixed charges
6,816,676
6,7/4,320
6,783,367
For steamships
1.55,000
Dividends on common stock. (5) 3,250,000 (4)2,600,000 (4)2,60,030
Dividends on pref. stock
(4) 472,708
(4) 364,026
(4) 954,840
Balance, surplus
$1,051,711
$897,089
$2,2>3,848
-(V.70, p 345, 328, 526, 535, 739.)
>
,
—
net, $178,-
Canada Michigan & Chicago.— Bonds worthless. V. 63, p. 838.
Canada Southern Ry.— (See Map New York Central <& Hudson R.
Railroad.)— Road— Main line from Suspension Bridge station, includ-
;
$3,000,000
3,450,000
5g.
Worthless.
15,000,000 2 in 1899
13,925,000
5
5,650,000
5
130,000
4 g.
65,000,000 4 in 1899
4
26,791,000
973,333
6
41 2 o
7,000,000
3,164,500
34,998,633
5 g.
3,650,000
5 g.
15,000.000
3 lag.
54,237,083
4
Stock, Guaranteed Bonds, Etc.— In May,
—
;
—
-
Cane Relt RR.— In
Mar.,
1
900, operated Sealy to Glenflora, Tex.,
under construction to Bay City; total, 72 miles. In
Mar., 1900, the Texas RR Commission authorized the issue of $212,000 twenty-year 5 per cent bonds, dated Dec. 1, 1899, on the 2 s miles
from Sealy to Bonus. Lincoln Trust Co. of St. Louis is understood
to be trustee. President, William Dunovant; Vice-President, W. T.
Eldridge; Sec, Chas. Boedeker. Offioe, Eagle Lake, Tex.— V. 69, p 645,
37 miles, an
1
Cape Fear
&,
Yadkin Valley Ry.— See Atlantic & Yadkin Ry.
RR.—
Owns from Wilmington, N. C, to Rutherordton, N.C., 267 miles, of which 2*a m. (Wil. R. Bridge) owned jointly.
Controlled by Seaboard & Roanoke and Raleigh <fe Gaston. New stock:
Common, $1,500,000; pref. 5% non-cum., $500,000; par, $100.
Organization.— Reorganized without foreclosure in 1898-99 per
plan in V. 67, p. 273. Consolidation with Seaboard Air Line Ry. pending in Apr., 1900.—V. 69, p. 334, 542.
Bonds.— To retire all the old bonds was filed in Nov., 1898, the new
$3,000,000 4 per cent mortgage, guaranteed princixial and int. by Seaboard & Roanoke and Raleigh & Gaston. See guaranty in V. 68. p. 472.
Bridge bonds guaranteed by Carolina Cent., Wil. Col. & Aug. and Wil.
& Weldon; consols being substituted for the old 1st and 2d mortgage
bonds; $20,000 consols were also reserved for new draw for bridge, of
which $16,000 have been issued. In March, 1899, all tbe old bonds,
excepting $30,000 lsts, $22,400 2ds and $62,833 3ds, including scrip,
had assented to the reorganization agreement. V. 68, p. 472.
Carolina Central
A phil,
RAILROAD STOCKS AND BONDS.
1900.
2.1
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Table*.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date S,
or
Amount
Cor explanation of column headings, &c, see notes
of
of
Rate per When
f°'r
on first page of tables.
Road. Bonds Value. Outstanding
Payable
Cent.
Carolina <6 Northwest.— Chester & L., 1st mortgage
1st mortgage, $ 450,000
Carson <t Colorado— 1st M. for $3,500,000,g.,B.f.c*<fcr
Carthage <t Adir.— 1st M. $1,600,000 g..gu.p.<fei.o*&r
Carthage Water. db Sack. liar. IstM. g.,gu.p.&l.end.
Catasauqua <6 Fogel sville— 1st mortgage, g.PP.c*
Oatawissa—Vret. stocks, 5% gu. P. & R. Ry. See text.
Mortgage bonds (see option V. 70, p. 429)
c
let mortgage (see option V. 70, p. 429).
r*
1st consol. mort., $2,215,000, gold
PP.c*
—
—
Oatskill Mountain First mortgage
1st income bonds
nayuga <t Susq.—Stock, 9 p. o. rental D. L.
—
W
&
iio
300
43
29
93
103
16
34
21
1st pref.,
1st
mortgage
o*
Debentures, $500.000
Charges.
1898-99
1897-98
50
1870 500 Ac.
1862
500
1898
1,000
1885
1885
30
.
1898
1899
1895
1895
1895
1895
1897
1896
1895
1895
1895
1887
1890
"99
Earnings.— In year ending June 30 earnings have been
Net.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
53
332
....
Cross.
500
98
Central Branch
Cent. Br. U. P. IstM., g.,notsubJ. to call.Un.c*
100
Oent.Br.lst M.on 288 m. (See text),gu.,gold,ITIe.
288
Cent, of Georgia Ry —let M.,$7,000,000, g.C*&r.
312
Consol. mortgage, $18,500,000, gold
Meo*<fcr 1,119
Mobile Division 1st mortgage ($1,000,000) . ..g.c*
124
Macon & North. Div. 1st mort., $840,000. gold.c* 106
Mid. Ga. & At. Div. 1st M.,$9,000 p. m.,cur.,.Go* Text.
Eatont.Br.lstM.notguar.byCen.Ga.,g., call par
incomes )
Interest up to 5 p. c,
o*
2d do
do
>
if earned,
o*
3d do
do
)
non-cumulative,
o*
Cent. RR.&Bk. coll. trust bonds, g., red. at 110. c
Guaranteed, etc., securities.
Ocean S8. Co. 1st mortgage, gold, guaranteed. ..o
Augusta & Savannah stock (no bonded debt)
Southwestern of Georgia stock (no bonded debt)
Central Massachusetts— Pref. stock (see text)
1897
1892
1892
1891
1898
100
100
100
1886
1895
1,000
1.000
as follows
Balance.
$35,593
Bur. 66,705
$666,065
$165,447
$129,854
616,416
182,772
116,067
President, John Skelton Williams, Riohmond, Va. -(V. 69,
p. 334.)
Carolina A Cumberland Gap Ry.— Carolina ITIIdlandRy.
—Purchased by the Southern Railway
in 1899.
Carolina Midland Ry.— Allen lale.
S.
C,
V. 68, p. 826, 979.
to Seivern, S. C,
55
miles; Seivern <fe Ruoxvillo RR, Seivern to Batesbnrg, 17 miles. In
May, 1899, both properties were purohased by the Southern Ry. Co.
as part of new line from Columbia, S. C, to Savannah, Ua. V. 68, p.
979 Stock, $540,000; par, $100. First mortgage bonds June 30, 1898,
$683,000. V. 68. n. 979.
Carolina Northern RR.— Projected from Lumberton, N. C, to
Marion, S. C, 50 miles, of which Lumberton to Barnesville, N. l\, 14 x4
miles, operated from Feb., 1900. Stock, $500,000, all outstanding;
par of shares, $10. Floating debt, April, 1900, $17,500. Pree. and
Gen. Mgr., Augustus Mellier, 318 Bourse Bldg., Philadelphia, Pa.
Carolina Ac Northwestern Ry.—Owns narrow-gauge road
Chester. S. C, to Lenoir, N. C, 110 miles. Reorganization Feb. 28,
1897. of Chester & Lenoir, foreclosed. In March, 1900, nearly all the
stock and a majority of the bonds had been acquired by a syndicate.
The stockholders were to vo e on April 24, 1900, to increase the capital stock and make a new mortgage to standard-gauge the load and
build extensions. V. 70, p. 632. Stock, $350,000; par $50. June 30,
1899, income bonds, $25,000; current liabilities, $33,286; ourrent assets, fc 2,537. Year 1898-99, gross, $126,645; net, $40,901.
President, Wm. A. Barber, 35 Nasi-au St., N. Y. -(V. 69, p. 333. 383; V. 70,
1
p. 632.)
Carson
<k
Colorado Ry.— (3-foot gauge )— From Mound House,
Nev.. to Keelor.Cal.. 293 mill's; branches, 7 miles; totbl, 300 miles.
Stock, $6,300,000 authorized; *4.38o,000 issued
par $100. In Feb
190', substantially all the stock and bonds wero acquired by the
Southern Pacific and the road win be broad-gauged and extended
northerly to a connection with the Central Pacific and southerly to
Mojaveouthe Southern Pacific, abo >t 100 miles. V. 70, p 381,685.
For year ending Juno 30, 1899, gross. $146,238; net, $42.0t 0; charges,
$97,375; balance, deficit. $55,31?. In 18»7-8, gross. #153,559; net,
$23,177. On June 30, 1894. matured interest o nipons uupail amounted to $120,000. -V. 70, p. 381, 685.
;
,
Carthage*: Adirondack Ry.— fee Map N, T. Central.)— Owns
Newton Falls, New York, 46 miles. The entire stock,
ffrom Carthage to
500.000, is owned by the New York Central RR., which in April,
893. leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 were for extensions, etc (V. 57, p. 218.)
Carthage Watertown
&
SacKett's
Harbor RR.— (See Map
N. Y. Central.)— Owns from Carthage to Sackett's Harbor, N. Y. 29 miles.
Controlled by N. Y. Central, which owns $483,300 ot the stock and
guarantees the bonds. Leased to R. W. & O. for 37 hi p. o. of gross
earnings. Rental in 1898-99, $43,875; in 1897-98. $44,163; in 1890-97,
$36,083 Capital stock $465,845 common and $21,500 preferred.
,
RR.— Owns from Taraanend, Pa., to Newt.eiry Jc.Pa.,
and branches, 5 miles. Released Deo. I, 1896, for 999 years
& Reading Railway. Rental, interest on the bonds, 5
p. c. dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 969, 1116. Of the preferred
stocks in 1898 $2,200,000 was first preferred and $1,000,000 second
preferred and common was$l, 159,500; par $50. Of the new 1st oonsol.
mortgage 4s of 1898, +1,450,000 are reserved to retire 7s and 6s due
1900 and 1902, and $765,000 remainder issued in exchange for remaining bonds of the company. V. 66, p. 1 139 V. 70, p. 429.
a t kl " IT '° ,, »tai« Railway.— Owns narrow-gauge road from
n*i
f!
Catskill,
up the Catskill Mountain, to Palenville, N. Y., 16 miles; leases
Cairo J, ">ction to Cairo, N. Y., 4 milos; total, 20 miles,
u. ? d,5;;
stock,
$89,000. There are also second incomes for $15,600 6 p. o.
tirst incomes have one vote for each $100.
Earnings.— Year ending
June 30, 1899, gross, $56,401; net, $20,660; interest, etc, $10,130.
Catawlssa
88
uiiles.
to Philadelphia
;
i
Caj uga A Susquehanna
RR.— Owns
from Susquehanna River
to ltiiaca, n. Y., 34 miles. Leased during length of charter and reneweof t0 tne Delaware Lackawanna <k Western at a rental of
• ?F
5.A
$54,000
a year. On Deo. 30, 1897, the corporate existence of this
company was extended for the period of 50 years from Jan. 1, 1900.
Cedar Rapids Garner A; Northwestern Ry.— Garner, la., to
iltouka, 2697 m., operated from about Nov., 1898, of which Garner to
Haytield, h-59 miles, is Burl. Cod. Rap. & Nor. trackage. Extonsiou
proposed in July. 1899, from Titonka to Bancroft, 50 miles, for which
stook was authorized to be increased from *V!50.o00to $350,000; outstanding Maroh. 1900, $30,000. First 5 per oent gold mortgage (1 bond
47 000 due ° ct 2f>> 190 °- Ye «r ending Deo. 31, 1899. gross,
2S/ifi
34 4
n et, $10,358; int. on bond, $6,174; bai.. cur., $4,184. Prc-'t,
.;
a
?,
A. c. Ripley; Sec, H. H. Bush, Garner, la.; Treas., II. N. Brockway.
'
-
&
g. J. &
g. J. &
g. J. &
g. J. &
M. &
F. &
F. &
6
g A. &
t
F. &
6
J.
&
9
4 g. J. &
4 g- F. &
5 g- F. &
5 g- M.
5 g- J. &
5 g- J. &
5 our J. &
5 g. J. &
$100,000
265,000
7
5
4
4
5
4
5
7
2,000,000
1,100,000
300,000
135,000
8ee text.
1,220,500
229,500
765,000
50,000
238,000
589,110
1,000,000
1,022,900
5,191,100
3,949,900
2,000,000
1 00.000
M.
<fc
"
2, K 00,000
3,459,000
7,000,000
16,500,000
1,000,000
840,000
413,000
168,000
4,000,000
7,000,000
4,000,000
4,880,000
J.
J.
I).
A.
A.
O.
A.
J.
5
g.
M.
g
-
5
A.
A.
&
&
&
&
&
&
<fe
,
Do
do
N. Y. GuarantyTrust Co.
do
do
do
do
June
Feb.
Nov.
Nov.
Jan.
Jan.
Jan.
1,
1.
1,
1,
1,
1,
1,
1948
1919
1945
1945
1946
1946
1947
1926
Oct.
Oct.
Oct.
Oct.
J.
J.
J.
in '99 J.
i
5
Us
5
5
5
|
Doe.
Stocks— Last
Dividend.
Exch. Bk., Chester, 8.C. July 1, 1900
do
do
19*7
In default.
July 1, 1941
New York City.
Deo. l, 1981
N.Y.,GrandCent.8tafn July 1, 1931
Philadelphia, Pa.
July 1. 1928
Philadelphia Co.'s office Nov.18,'99,24
Phlla.,Pnil. &Read.Ry. Aug. 1, 1900
Aug. 2, 1902
do
do
Apr. 1, 1948
do
do
Aug. 1, 1905
sklll,N.Y.,Tan.NLBk.
C
Dlvid'dpd. Sept.10,'97. Aug. 1, 1915
New York, 52 Wall St. Jan., '00, \W/o
N. Y..Merc. Trust Co.
<fe
Up to
Up to
Up to
Whom.
J.
N.
pal, When
Where Payable, and by
N.
J.
J.
iKwtiur— Princi-
New
paid 2 p. o. Nov.
York, when earned Nov.
Nov.
do
do
1, '99,
N. N. Y.. Guaranty Tr. Co.
J.
May
1,
1,
1,
1,
1945
1945
1945
1937
Guaranty Tr. Co. July 1, 1920
Jan. 00', 2i«%
Savannah, Ga.
N.Y.,
J.
J.
Savannah and Macon. Jan. '00. 2>«%
Dec.1,'99,%%
D.
Boston, 53 State St.
Oct. 1, 1906
O.
O. Roston Office
Fed.Tr Oct. 1. 1906
<fe
Cent. Br. U. P. 4s and the $3,459,000 1st 4s distributed to assenting bondholders of Atch. Col. & Pac and Atcli. Jew. Co. & West, to
the amount of 75 p. c of the principal of their holdings, and guaranteed prin. and int. by the Mo. Pac (see V. 63. p. 329). Form of guaranty V. 70. p. 279. For calendar year 1899 (388 miles), gross. $1,263,053: net, $358,797; Interest, $226,830; taxes, includiog $39,139 prior
to 1899, $86,611; bal., def., $45,356.— V. 70, p. 75, 279.
Central of Georgia Railway.— System includes:
Miles.
Lines leased
Miles.
Lines owned in fee.
295 Southwestern of Ga. RR.—
Savannah to Atlanta
Gordon to Covington
82
Macon to Eufaula
144
Fort Valley to Perry
12
Columbus to Birm'ghain.Ala. 156
62
Columbus to Americus
Fort Valley to Columbus.
71
Smithville to Columbia
85
Montgomery to Eufaula, Ala.
79
50
Cuthbert to Fort Gaines...
20
Columbus to Greenville, Ga.
I
—
I
.
36 Augusta & Savannah RR.—
60
Millen to Augusta
53
Griffin to Carrollton
60 Propr'y Line— Upson Co.RR.
16
18
Barnesville to Thomaston.
Savannah to Tybee
Columbus to Andalusia
136
Total operated
l,5i>7
Macon to Athens
102
Ocean Steamship Company,
equivalent
of
300
Total owned (and oper'd)*. 1,136
estimated
* In addition owns in fee Meldrim to Lyons, 58 miles, now leased to
Georgia <fc Alabama RR., making total mileage owned, 1,194 miles. In
Sept., 1899, extension from Seaiight, Ala., to Andalutia, 14 -miles,
included above, was opened.
Organization— Organized Oct. 17, 1895, and Nov. 1 succeeded to the
Opelika to Roanoke
Eufaula to Ozark
properties of the Central Railroad & Banking Co. of Georgia, sold in
foreclosure and reorganized per plan in V. 60, p. 1008 and V. 61, p. 68.
Mid. Ga. & At. was purchased Jan. 1, 1897. V. 65, p. 324; V. 62, p. 456;
V.64, p. 82, 180; V. 70, p. 279. In 1898 purchased entire $250.000 stock
of Bruton & Pineora Ry., projected Bruton to Pineora, 98 miles;
Bruton to Register, 58 miles, in operation in 1899.— (V. 67, p. 687.)
Stock.— $5,000,000, held by Interests friendly to Southern Ry,
Bonds.—The first mortgage of 1895 (described In V. 63, p. 1160) is
a first lien ou the main line from Atlanta to Savannah, iucluding the
Milledgeville branch (312 miles in all), all equipmeut aud appurtenances and the equity in $1,995,000 of the capital stook of Ocean
Steamship Co. of Savannah. Trustee, Guaranty Trust Co. of New York.
Application for listing firsts and consols, in V. 63, p. 1160.
The consolidated mortgage (see abstract in V. 61, p. 873, also see
V. 63, p. 1160) is a first lien upon 5-30 miles [including former
Mont. <& Eufaula RR., 8av. & Western and Sav. & Atl.]; also on
the leases of the douth Western and Augusta & Savannah roads and
the stock of New England Steamship Co., and a second lieu upon the
main line, its equipment, etc, and also on the Macon <fc Northern and
Mobile & Girard. It also covers all leaseholds, securities, etc It may be
increased $2,000,000 from $16,500,000 to $18,500,000, at not more
than $500,000 in any one year, for betterments and tor equipment.
Mobile Division bonds are direct obligations of the Central of Georgia
Ry., secured by a first lien on Columbus, Oa., to Searight, Ala., 122 m.
Macon & Northern Division bonds are also direct obligations of the
Central Ry., with first lien from Macon to Athens, Ga., 105 miles.
Middle Georgia it Atlantic Division bonds are 1-sued at $9,000 per
mile, of which $8,000 was for purchase of road and $1,000 retained
by Cent, of Ga. for betterments; subject to the Eaionton Branch
bonds, $168,000 on 21 miles, the firsts ot 1397 cover the 65 miles of
M. Ga. & At. Division. (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
The preference income bonds, subject to the prior mortgages, cover
the mam line and the former Savannah & Western, Columbus A Rome,
Montgomery & Eufaula, Mobile & Girard, Maoon A Northern and
Savannah <te Atlantio RRs., and their equipment, etc; also all
leaseholds, securities aud equities of properties acquired by the new
company. They are non-cumulative and bear interest Dot exceeding 5
per cent in any one fiscal year, but payable only out of net earnings
as declared and secured by the deed of trust. On 1st pref. incomes,
paid l^j p. c in Oct., 1896, 214 p. 0. Oct. 1. 1897, 2 p. 0. Oct. 1, 1898,
and 2 p. 0. Oct., 1899. (V. 65. p. 410; V. 67. p. 529; V. 69, p, 491.)
Collateral trust mortgage abstract was in V. 45, p. 242.
Latest Earnings.— 8 t 1899 00.. Gross, $-4,287,271 net. $1,461,207
mos., July 1 to Feb. 28. U898-99. Gross, 4,110,794 net, 1,459,901
Annual Retort.— Reportfor 1898-9 in V. 67, p. 849.
1P97.
1898.
1'ear* end. June 30—
1899.
;
;
Gross earnings
Total operating expenses
$5,767,346
3,759,978
206,734
$5,507,070
3. 431!. 777
176.132
$5,280,696
3,271,594
130.968
$1,897,161
110.275
$1,828,134
215.2 IS
$2,007,436
$2,157,941
Taxes
Net earnings from operation. $1,800,634
From
steamships, etc
:
Central Branch Ry.— Owns Lenora to Atchison, Kan., 293
roues; Jamestown to Burr Oak. Kan., 33 m.; branches, 62 m.; total.
J88 inlles. Incorporated July 7, 1899, as sucoessor of the Central
Branch Union Pacific Ry.. Atch. Colorado & Pac and Atch. Jewell Co,
« West. Btock, $7,585,000. The new company assumed the $2,500,000
Total
,....$2,015,852
DEDUCTIONS FROM INCOME FOR YEAR 1398-9.
Interest on funded debt$l. 536,800 Total deduct's from inc. $1,956,964
58,888
420,164 Net income
Rentals, etc
Officers.— Presideut, John M Kvan, 8avannah, Ga.— (V. 69, p. 491,
645, 793, 849; V. 70, p. 279. 739.)
I
|
26
SUPPLEMENT.
INVESTORS'
LXX
[Vol.
;
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
RAILROADS.
Miles
Date
|
Size, or
Par
of
For explanation of column headings, &c, see notes
of
on first page of tables.
Road. Bonds Value
—
Central New England Common stock
Preferred stock, 4 per cent
1st W., $1,250,000, call at 105 after 1904. FP.c
r
Gen'l mort.. 5 p. c. incomes, $8,500,000.
Dutchess Co. RR., 1st M., gold, guar (see text). c*
$100
100
58
58
12
FP
Central Pacific— New Secciuties Outstanding
Common stock, $67.275,500
Preferred stock, 4 p. c, cum., $20,000,000
Unde
1899
1,000
1899
1,000
1890
1,000
R Rica D J USTM
100
1899 500 &c.
g., gu., p.&i.en.Cc.c'&r 1,349
3^8, $25,000,000, g., gu., p.<fe i. end.Us.o*&r 1,349 1899 500 &o.
1899
Notes for U. S. debt.due $2,940,635 half-yearly.
Old Securities not Exchanged. See foot note b
1870
1,000
146
let M. 8. Joaquin Val. Br., gold (s. f.) $5,678,000
1,000
296 1868
Cal. & O. 1st M., ser. A, g. (ext.). ) c in o 40 000 <
1U
1U
* >'* '
1,000
296 1872
Series B, gold (extended)
}
S
1,000
Mort. g., 5e, 1939, Id. gr., gu., s. f., $10,245,000.0 1,360 1889
Cent. Pa. dk West'n.— Wilkesb. & West., 1st M., g.o
31 1886
1,000
100
Cent. RR. of X. J.— Stock ($30,000,000 author).
1872
1,000
Bonds, seoured by consolidated mortgage of 1874
1883
1,000
Convert, debentures, convert, into stock till 1907
1st ref. M., $100,000,000,
New
UW
Bonds — PrlnolINTEREST OR DIVIDENDS.
pal.When Due.
per When Where Payable, and by Stocks— Last
Amount
Outstanding Rate
Cent.
Whom.
Payable
Dividend.
$3,450,000 ) To be h
3,150,000 > is pai
650,000
5 g.
7,250,000
5 g.
350,000 4ia (6) g.
ent Plan.
67,274,200 Held by
12,000,000 Held by
a54,659,500
4g.
3ia g.
21,< 90,000
44,109,537
3
eld in tr ust for ten years, or un til 4 per cent
d on gen eral mortgage for two years.
P. & A. Fid I.T.& S.D.CO., Phil. Feb. 1, 1919
Oct. 1.
Yearly.tif earned.
Feb. 1, 1949
J. & D. Fid. I.T.& S.D.Co., Phil
June 1, 1940
359,000
6g.
X C543.000
£ g
\
g
t
dl84,000
5 g.
620,000
5 g.
27,055,800 4 in 1899
1,167,000
7
410,000
6
& O.
J. & J.
J. & J.
A. & O.
J. & J.
Q.-F.
M. & N.
South'n Pacific Company.
South'n Pacific Company.
& A. 1st cp.pay'eFb. 1, 1900 Aug.
& D. 1st cp. pay. Dec. 1, 99 Aug.
1,
1,
1949
1929
Fb.'02-Feb.'09
A.
-
M.
<fc
N.Y., S.Pac.Co., 23 Br>d
1, 1900
1, 1918
1, 1918
1, 1939
1, 1926
1, '00, 114
Nov. 1, 1902
1, 1908
Oct.
do
do
Jan.
N.Y.,S.Pac.Co.&London Jan.
N. Y. & San Francisco
Apr.
July
N.Y.Off., 143 LibertySt.
N. Y., Liberty Nat. Bk.
N. N. Y,, Liberty Nat. Bk.
May
May
retained as collateral for 3 per ce nt notes held by U. S. Gover nment.
b Amounts before ex change began
are shown in left hand column; amount ou tstand ing is as in Mar.. 1900. A dditional bonds held in sinking fund Fe bruarv, 1900;
c$65,000; d $127,000.
a Balance, $44,109,537
Central Massachusetts KR.— Owns North Cambridge to North
The stock is $7,421,592 (par $100), of which
$3,950,492 is preferred and controls the company until 8 per
cent dividends shall have been earned thereon in any one year.
ampton, Mass., 99 miles.
Dividends
Percent
Jan., 1896. 1896. 1897.
1899.
1898.
lia
lia
lia
(liafor'95.
1*2
Leased to Boston & Lowell for 99 years from 1886, at a rental of 20
p. 0. of gross up to $1,000,000 and 25 per cent of excess above that
sum, but with a guaranty of sufficient rental to pay interest. In June,
1899, suit was brought by the stockholders to break the lease. V. 68,
p. 570, 669, 1224. For 6 months to Sept. 30, 1899, $488,134, against
$418,524 in 1898. For year ending March 31, 1899, gross earnings,
$835,787; rental, etc., $167,370; interest, $117,592; dividends, $59,163; deficit, $9,385.— (V. 69, p. 905.)
Central
J
New England Ry.— Owns
from Campbell Hall, cross-
ing the Hudson River at Poughkeepsie by its own bridge, to Silvernails, 58 miles and leases and controls Hartford & Conn. Western
RR., Hartford to Rhinecliff, 109 miles; total, 167 miles; also Dutchess
Co. RR.. from Poughkeepsie to Hopewell June, 12 miles; trackage, 1
mile. The extension from Tariffville, Conn., to Springfield, Mass., 18
miles, almost completed in April, 1900. Owing to adverse decision
over small right of way at East Granby, Conn., 3 ^ miles detour will
benecessary. See V. 70, p. 739.
Organization.— Incorporated in January, 1899, per plan in V. 66
p. 574, and V. 67, p. 789. as successor of Phil. Read. & New Eng. RR.
eold in foreclosure Oct. 6. 1898.— V 68, p. *4. In January, 1899, persons friendly to Boston & Albany acquired a large interest. V. 68, p.
Owns $1,390,000 Hartford & Conn. Western stock.
4=1, 84.
Stock.—The stock is to be held in trust for ten years, or until 4 p. 0.
Interest is paid on general mort. for two years.
Bonds.— Of the first 5s, $650,000 were issuable at once for assessments, line tJ Springfield, etc,, and $600.00'> will be reserved for improvements. Interest on Dutchess Co. RR. firsts reduced to 41$ p. c.
Earnings.— 8 months ending Feb. 28
Tear
Gross
Net.
Chtrges.
Bal., sur.
1899-1900
$110,929
$10,615
$489,402
$100,314
1898-1899
435,025
141,426
85.153
56,273
For years ending June 30 earnings of old company were as follows:
Tear to June 30—
Gross.
Net.
Charges*
Balance.
1897-8
$681,611 $213,529 $135,896
sur.$77,«33
1898-9
677,206
205,266
136,281
sur. 69,985
;
—
Note.—Excluding bond interest.
Officers.— John W. Brock, of Phila., President
*
J. K. O. Sherwood,
Secretary— V. 70, p. 739.
Central New York
western RR.—In 1899 consolidated
with Pittsburg Shawmut & Northern RR., which see.
Central Ohio RR.— In Jan., 1900. the new B. & O. securities
of N. Y., Treas'r,
and
;
C. A. Heller, of Phila.,
&
were delivered.— V. 70, p. 75.
Central Pacific By.- (See Map of Southern Pacific.)
Lines owned—
Miles.
•San Francisco, Cal., to near
Branches to San Jose, etc. .
Ogden, Utah
871
Trackage—
Lathrop, Cal., to Goshen, Cal. 146 Northern Ry„ Main Line
Roseville Junction, Cal., to
Union Pacific into Ogden...
Oregon State Line
296
Total
Organization.— Incorporated
Miles.
35
6
5
1,359
Utah in July, 1899, as successor of
the railroad under the plan of readjustment in V. 68, p. 378, by which
plan the Southern Pacific acquired the entire capital stock and
guaranteed the principal and interest of the two new Central Pacific
bond issues shown above. The old indebtedness, including the U. S.
in
Government loan, excepting (in March. 1900,) $1,086,000 bonds, of
which $359,000 will mature Oct. 1, 1900, has been discharged. The
new securities are
(1) Common stock, $67,275,500,
all held by So. Pac. Co.
Preferred stock, 4 per cent cumulative, authorized issue $20,000,delivered
to
Southern
000,
Pacific Co. in consideration of issue
of equal amount at par valueof the Southern Pacific Company's 4 per
cent gold bonds; of which delivered on completion of readjustment, $12,000,000; reserved to be delivered only to provide additional funds, if required, for the payment of 3 per cent 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 exceeding $200,000 yearly, $5,000,000.
(3) First refunding M. gold 4s, $100,000,000. and secured by all
the railroads, terminals and equipment now owned, including about
1,349 miles of first track, etc., by deposit as collateral security of over
95 per cent of the old mortgage bonds. Of the authorized issue
$44,109,537 is held by the United States as collateral for 3 per cent
notes. See Abstract, V. 69, p. 808, and V. 70, p. 739.
(4) Thirty-year gold 3ias, $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 RR., consisting Jan. 1, 1899,
of $12,553,000 in securities and $86,459 cash, and by a trust deed
upon all the lands now covered by the mortgage dated Oct. 1,1870:
or which in partial exchange for existing bonds, $13,695,000; pur(2)
chased by syndicate to provide cash requirements of plan, $11,305,000.
See Mortgage Abstract, V. 69, p. 858: also see p. 851. From the proceeds of these sinking funds and land sales cancellation of bonds will
be made from time to time; in February, 1900, $2,505,000 3ias were
canceled.
V. 70, p. 279, 739.
Twenty three-per-cent
notes, aggregating $58,812,714. issued to
the Government in settlementof subsidy debt; $14,703,179 paid, leaving $44,109,537 to mature, $2,940,635 half-yearly Feb., 1902, to Feb.,
1909. First refunding 4s are deposited to retire them when due.
The Southern Pacific Co. has acquired the stock of the Cent. Paoifl
RR., issuing its own stock for $67,275,500 as part consideration, and
also $36,819,000 collateral 50-year gold 4s, secured by a collateral
trust mortgage covering all the new Cent. Pac. preferred and common
stock acquired. See statement for Southern Paoifio Co.
Status of New Oompang.— The fixed charges will aggregate $4,875,000; on the 4s held by tbe Govern uent the saving of 1 per cent per
annum until Feb. 1, 1901, or about *470,000, while the sinking funds
will earn about $695,000, making net charges $3,710,000. See V. 70'
(4)
p.
739
Land Grant.—Total land grant was about 12,000,000 aores, of which
about 7,370,000 acres remained unsold on Feb. 1, 1899. Sales in
1898-9, 43,420 acres; cancellations, 8,340 acres. Land contracts on
hand July 1, 1899—uncompleted payments, $131,508 principal of
deferred payments. $630,692
and interest do., $583,914: average
price per acre, $4 70.
General Finances.— Cancellation of the 3 "43 of 1899 are being
effected from time to time from the proceeds of the sinking funds and
also from land sales, $2,505,000 of the bonds being thus retired early
in 1900. V. 70, p. 279, 739. Payment of one of the notes for $2,940,635 held by the Government was anticipated in Feb., 1900, releasing
an equal amount of 4s deposited as collateral, which were sold.— V. 70,
;
;
p. 429, 480.
EARNINGS.-8 mos.,
)1899-'00.. Gross, $12,634,701; net, $4,947,784
10,749,118; net, 3,938,943
July 1 to Feb. 28.
S 1898-'99.. Gross,
Annual Report —Fiscal year (since 1896) ends June 30. In 189899, gross, $16,401,027; net, $6,362,378; other income, $62,682; int.,
taxes, sinking funds, etc., $5,647,340; bal., payable to Cent. Pao. as
Abstract of report for year ending June 30, 1898,
rental, $777,720.
was given in V. 67, p. 1157, 1163, showing gross, $15,766,349; net,
$6,544,679. For the calendar years.
1895.
1894.
1896.
Tear ending Dee. 31—
$12,527,084 $13,045,657 $13,118,245
Gross earnings
— V. 69, p. 794, 851,
1103; V. 70, p. 279, 429, 480, 739.
Brunswick.— Norton Station (on Intercolonial Ry.) N. B., to Chipman, N. B., 46 miles, opened in 1888. In
1897, southern division, Hampton to Quaco, N. B., 30 miles, was sold
to Hampton & St. Martin's Ry. Extension was proposed from Chipman to Newcastle coal fields, 15 miles, and subsidy of $48,000 authorBonds issued,
all outstanding.
ized therefor. Stock, $^00,000.
$540,000 fifty-year coupon 6s ($1,000 each), due Nov. 1, 1937, int.,
Central Ry. of
New
M.-N., payable in New York, N. Y., London, England, and St. John,
N. B.; Central Trust Co., N. Y., Trustee; President, O. Ford Stevens;
Sec, W. J. Fowler; Treas. and Gen. Mgr., E. G. Evans.— V. 63, p. 116.
Jersey.— (See Map)— Road— Operates from
Central RR. of
Jersey City, opposite New York City, westerly to Wilkesbarre an<?
Soranton, Pa., and the neighboring anthracite coal fields also southerly to the seashore resorts along the coast of New Jersey, etc.:
Miles. Lehigh & Susquehanna, PhilLines owned in fee.
lipsburgto Union Junc.,!eto. t.172
72
Jersey City to Pliillinsburg
5
85 Wilkesbarre & Scranton ft
Sundry branches
35
Lehigh & Lackawanna
Entire stock owned.
9
6 Other lines
Long Branch & Seashore
AllentownTerm. (oper. jointly) 3
New York & Long Branch RR.,
New
;
Trackage—
Perth Amboy to Bay Head.. 38
Union Coal RR
New Jersey South'n RR., Long
78 Lehigh & New England
Branch to Atsion, etc
138
Other lines (no debt)
Leased (mostly for 999 yrs.) Miles.
10
Ogden Mine RR." IT
17
Nesquehoning Valley H
|
10
2
5
Tresckow Branch
Total operated Jan.
1,
1900.. 685
See Lehigh Coal & Nav. in "Miso. Companies."
II See this company.
There are 261 miles of second and 30 miles of four tracks. With the
Bait. & Ohio and the Phila. & Reading operates the " Blue Line " between Washington and the Southwest and New York, the B. & O. tracks
being used to Philadelphia, the Reading to Bound Brook and the Central N. J. to Jersey City.
History.— Chartered in 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia & Reading. Receivers were in possession from
Jan. 1,1887, till January, 1888. Reorganized in 1887 without foreclosure—see plan V. 44, p. 714, 716. Operated from February to
Concerning coal
August, 1892, under lease by Reading RR. Co.
properties see Lehigh & Wilkesbarre in *' Miscellaneous."
Stock.— Increased to $27,053,800 in May, 1899. by sale of $4,503,800 at par, and further increased in 1899, $2,000, by issue of
stock in exchange for convertible debentures. See below.
1
Dividends.— 5
'90. '91. '92. '93. '94. '95. »96. '97. '98. '99
1900.
7
7 5% 5 414 4 4 Incl. May, 2»*
Percent.
6 6^ 7
I
Stock was restored to a 5 per cent basis in Feb., 1900.— V. 70 p. 75
,
April,
1900.J
RAILROAD STOCKS AND BONDS.
*7
28
INVESTORS' SUPPLEMENT.
LXX.
[Vol.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
Bonds— PrinciRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
For explanation of column headings, &c, see notes of
Par Outstanding Rate per When Where Payable, and by Stocks— Last
of
on first page of tables.
Road. Bonds Value.
Dividend.
Cent.
Payable
Whom.
—
—
New Jersey (Goncl'd)
<~!ent.RR.ofN.J.,Gen.mort.for$50,000,000,g.,o<fer
Equipm't mort., 1-10 payable yearly, 3*1,700,000
Real estate bond and mortgages
Central Railroad of
All.
Guaranteed Bonds—
Am. Dook&Imp.Co.lstM.,gu., redeem, at 110... o"
N.Y.& L.Br.gen. M., $2,500,000, g. (*192,000 5s)
Leh. & Hud. River, gen. M., g., guar, jointly... o*
J. City bonds, guar, (part yearly Deo. 1) see text
Central RU. of Pennsylvania— Bonds, $1,200,000..
Oentral of South, Carolina 1st mortgage, gold...c
Central Vermont— Stock, $3,000,000
1st M., $12,000,000 gold, traffic guar. A
c & r.
Equipment bonds, gold, drawn at 100 Jan. I
Oentralia <£ Chester— Receiver's ctfs., V. 68, p.1179
1st mortgage, $12,000 per mile, gold
o*
Chart. Clend.d: Sut.— 1st M.g., $30,000 p.m. W.P.c*
Charleston <t Savannah Stock
—
B
—
General mortgage, gold.c*
let and 2d pref. inc., $1,000,000 each, non-cum..
Oar.— 1st M.,g. ($8,000 p.m.) .Ce..c*&r
Income M., g., non-cum., ($7,000 per mile) C.c*
Augusta Ry. Terminal 1st M.,g., gu.,p,& i. end.Ce.
Oharl.d: West.
Ohartiers—Stock
1st mortgage, guar. p.
Chateaugay RR.— Stock
IT
&
1.
"40
AU
100
103
103
340
registered bonds
Q.-J
Bonds.— Jersey City bonds (V.68,
minal property, will be taken up by
1881
1,000
4,987,000
5
J. & J.
1891
1,000
1,692,000 4& 5 g. M. & S.
1890
1.000 a 1,062,000
J. & J.
1898
340,692
J. & D.
1893 500 "&c.
600,000
6
M. & N.
1881
1,000
300,000
6 g. J. & J.
100
3,000,000 Majority held by
1899 1000&C. 11,000,000
Q.-F.
4 g.
325,000
1,000
J. & J.
abt. 500,000
1889
1,000
978,000
5 g. J. & J.
1894
1,000
1,000,000
5g. A. & O.
500,000
1886
i'.obo
1,500,000
J. & J.
1886
1,000
2,000,000
April.
1896
1,000
2,720,000
A. & O.
1896
1,000
2,380,000
October
1897
1,000
600,000
6 g. A. & O.
50
645,300 7 in '99 A. <te O.
1871
1,000
500,000
A. & O.
7
100
75,000
p. 128), representing
C. RR. of N. J., viz.:
8*
taxes on
ter-
1900, $75,488; 1901, $66,202; ly02, $76,616; 1903, $122,385.
66, p. 424. See also V. 64, p. 1041.
The sab* of $4,503, ' 00 stock at nar to stockholders of record May
10 provided for retirement of $3,836,000 consol 7s due July 1,
1899, $411,000 New Jersey Southern 1st fs due July 15, 1899. and
$197,000 Long Branch <fe Sea Shore 1st 7s due Dec. 1, 1899, a total of
$4,444,000 bonds, with annual intei est charge of $. 06.970. V.68,p.822.
Earnings— 2 mos., * 1900
Gross, $2,393,374, net, $936,815
Jan. 1 to Feb. 28.
5 1899
Gross, 1,960 256; net, 649,070
Annual Report—Annual meeting is
The report
for
held on Friday next preceding
1899 was in V. 70, p. 373.
1899.
Total gross earnings
Net over expenses and taxes.
Income from investments
.
. . .
,
premium account.
Total net income
Interest on debt
Rentals paid
Dividends
Balance
27,548
$13,187,271
$5,118,958
596,526
$13,212,772
$5,044,101
698,139
$5,715,484
$2,996,809
1,585,940
(4)899,880
$5,742,240
$3,027,755
1,627,868
(4)899,880
480,«?7«
Trackage
.
$1 5,591,199
$6,246,250
658,288
1897.
$6,901,557
5,261,282
535,970
469,964
43,999
*H4,865
Mall, express, etc
& L. B. Division
N. Y.
Do
1898.
$7,267,032
4,826,950
Bk. July 1, 1921
Sept. 1, 1941
do
N. Y., Nat. Exch. Bank. July 1, 1920
Decl'1900-03
Phil., Fid. I.Tr.A S.D.Co. May 1, 1943
N. Y., Cuyler. M. & Co. July 1, 1921
Grand Trunk Ry. of Ca nada,
May 1, 1920
Bos., Am. L. &T. Co.
U.S.Mort.& Tr.Co., N.Y. $25,000 y'rly.
Y., Liberty Nat.
do
July
Interest in default.
Phil.WstEndT.&S.D.Co
1919
1944
1,
Oct. 1,
N.Y.,12 W.23 & Cha'st'n Jan. 1, 1936
Irredeemable.
See text.
N. Y., Chase Nat. Bank. Oct. 1, 1946
Oct. 1, 1946
If earned.
Apr. 1. 1947
N. Y. Cent. Tr. Co.
Apr.2 '00,3*3%
Philadelphia, Penn. RR. Oct. 1, 1901
a Guara nteed jointly with Le high Co
Of the general mort. of 1887 (see abstract of mort. V. 45, p 402) $6,076,000 on Jan. 1, 1898, were reserved for the prior Cent. N. J. bonds
and for the following: N. J. Southern 6s, $411,000; Long Branch
& Seashore 7s $197,000. All the old bonds, it will be noticed, mature
within a few years. General mortgage trustee is the Central Trust Co.
Jointly and severally with the Coal & Nav. Co guarantees $1,062,000
Leh. <te Hud. River Ry. Gen. 5s, prin. and int. See V. 67, p. 788.
See New York <& Long Branch, bonds in Supplement of Jan., 1897;
during 1897 $50,000 general 5s were issued for improvements.
The $1,500,000 New York & Long Branch 1st 5s were called for payment on June 1. 1899, and replaced by gen. 4s, which became a first
mortgage on the entire property of the N. Y. & L. B. RR.—V. 68, p. 283.
General Finances, &c—The $2,310,000 Lehigh C. & N. 6s assumed
were paid Dec. 15, 1897. general 5s having been sold therefor. V.65,
p. 1114, 1219. In April, 1898, the Lehigh & Wilkesbarre Coal Co.,
It was stated, had only $375,000 of loans and bills payable outstanding
that were not held by the Central RR. of New Jersey. The current
liabilities of the latter company were shown in the balance sheet, V.
second Monday in May.
Year ending Dec. 31.
Passenger and freight
Anthracite coal
5
&
8*
100
"23
RR
July 1, 19«7
N. Y., 143 Liberty St.
D. N. Y., Liberty Nat. Bk. Y'rly to 1909
Various dates
Various
do
do
IT
J.
8*
o
by Penn.
On coupon bonds J&J; on
38
1887 $=i00&c. $43,924,000
1899
1,000
1,700,000
313,350
Year ending June 30. 1898. eross earnings, $^,217,518; net,
$663,009; 1897, eross earnings, $3,702,293; net, $705,139.
Office's— President, E. C. Smith, St. Albans; C erk and Treasurer,
R. H. Ingrau, St. Albans, Vt.-V. 69, p. 851, 1300; V. 70, p. 739.
Centralla
&
Chester
RR.— Owns Chester,
111.,
to Salem,
111.,
91
On June 7, 1897, C.
ra.; total, 96 m.
was appointed receiver—see V. 64, p.
m. and Sparta to Rosborough, 5
M
Foreman
of Nashville,
111.,
Sale ordered; expected to take place in June, 1900. In April,
no date of sale had been fixed and no plan of reorganization
agreed upon. V. 68, p. 1179. Receivers' certificates for $200,000 authorized in August, 1897, to complete line from Evansville to Chester;
additional certificates for $175,000 authorized in Dec, 1897; third
issue of $50,000 in vtarch, 1898. and in Sept.. 1898, $75,000. Total
issued, about $500,000-seeV. 68, p. 1179; V. 69, p. 794. Stock, $948,000. Farmers' Loan & Trust Co., trustee of the mortgage. For year
ending June 30, 1899, gross, $90,041; deficit under operating expenses,
$23,48''.
In 1897-98, gross, $63,671; defioit, $30,213.— V. 67, p. 735,
1137.
190i>,
738; V. 68, p. 722, 771, 1179; V. 69, p. 794; V. 70, p. 686.
RR.—
&
Owns road, comSutton
Charleston Clendennin
pleted in December, 1895, from Charleston, W. Va., via Clendennin to
Clay Court House, 51 miles, and under construction via Clay Court
House to Sutton, 49 miles additional; in Dec, '97, graded 12 miles from
Clay C. H. Capital stock authorized, $3,000,000; par, $100 outstanding'Oct., 1898, $367,300. First mortgage is for $3,000,000.
Earnings.—Year ending June 30, 1899, gross, $62,304; net, $26,552;
total deductions, $78,460; balance, deficit, $51,908.
President, W. D. Stratton; Secretary and Treasurer, Pierre W.
Briggs, 100 Broadway, New York. V. 61, p. 1012.
;
Charleston & Savannah Ry.— ("See Map Sav. Flor.
Owns from opposite Charleston, 8.C., to Savannah, Ga., 115
<£•
Wesl.j—
and
branch 6 m. Operates from Ashley Juno, to Charleston, S. C, and Central RR. of Georgia, crossing to S. F. & W. Ry. at Southover, 11 miles.
Green Pond Walterboro <fc Branchville Ry., 14 miles, is controlled in
same interest but operated separately. Belongs to Plant system. In
March, 1898, Walterboro & Western, Walterboro, 8. C. to Ehrhardt,
S. C. 27 miles, was purchased in interest of system, and in Feb., 1900,
was proposed to be consolidated with the Green Pond Walterboro &
Branchville Ry.
Interest—
On 1st incomes %
)
$
1889.
1*2
miles,
266 54 400
'90,
'91.
'92.
'93.
'94.
'95.
'96.
'97.
1899-1900.. .Gross, $420,311; net, $77,142
1898-1899.. .Gross, 3^4,354; net, 35,871
July 1 to Feb. 28.
In 1898 9, gross, $6-9,301; net, $146,975. In 1897-8. gross, $637,170; net. $110,664. In year to June 30, 1897, gross, $571,109; net,
$154,254; other income, $11,158; interest and taxes, $126,498; balance, surplus, for year, $38,914.— (V. 64, p. 421; V. 66, p. 518.)
Earnings.— 8 months,
$6,904,538
$2,881,490
1,960,698
(4*4)1,104,484
sur.$957,S 66 sur.$232,854 sur.$186,737
Not paid in cash, but collectible June 1, 1900. 8ee Lehigh & Wilkes.
—(V. 68, p. 128, 278, 283, 822, 925, 1022, 1131; V 70, p. 75, 378.)
Central RR. of Pennsylvania.— Owns Bellefonte (Penn. RR.)
to Mill Hall, Pa. (on Beech Creek RR.) 27 miles; branch, 4 miles;
operates Nittany Val. RR., 7 miles. Current liabilities June 30, 1899.
$324,101. For year 1898-9, gross, $32,680; deficit under operating,
\
$8,168; charges, $55,104; deficit, $63,272. Stock, $1,200,000; par, $50.
Central RR. of South Carolina.— Owns from Lane, 8. C, to
Sumter, S. C. 41 miles. Leased to the Atlantic Coast Line RR. of South
Carolina rental $31,000 yearly. Stock, $170,000, par $50. In year
1897-98. gross, $95,286; net over taxes, $36,019.
In April, 1900,
consolidation pending with Atlantic Coast Line Railroad, which see—
,
;
V. 64, p. 887.
Central Vermont Ry.—Tidewater at Rouse's Point, at north end
of Lake Champlain to New London, Conn., viz.:
Miles.
Owned in fee—
Leased—
Miles.
Windsor to Rouse's Point, etc.. 179 New London & Northern 1T
157
Essex Jet. to Cambridge, Vt. .. 26 Montreal & Province Line Ry. 40
Operated —
28
St. Albans toRichford, Vt
Entire st"(k owned —
Stanstead Shefford & Chambly. 43
Montreal & Vermont June... 23
Montpelier& White Riv.RR... 14
Total op'd (USee these co's.). 510
Organization.— Succeeded May 1, 1899, as a reorganization, per
amended plan in V. 67, p. 735, the Central Vermont Railroad, sold under foreclosure March 21, 1899. V. 68, p. 1076.
Securities, Etc.— The Grand Trunk Ry. holds $2,165,000 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 p. 0.
of Grand Trunk gross receipts from trattio interchanged. The new 4
p. 0. mortgage is for $12,000,000, of which $7,000,000 exchanged
for Consol. RR of Ver. 5s, $4,000,000 to acquire branch lines and for
other purposes, leaving $1,000,000 in the treasury. V. 66, p. 708, 759.
See also V. 67, p. 273; V. 68, p. 1076; V. 70. p 739.
Earnings.— Net earnings for 8 mos. tiding Dec 31, 1899, were considerably in excess of fixed charges. V. 70, p. 739. The earns, of the
old company, excluding Rutland RB. and Ogdensburg & Lake Champlain [leases abandoned] were:
Charleston & Western Carolina Ry.— Port Royal, S. C, to
Augusta, Ga., 112 m.,and Spartanb'g, Greenville and Anderson, 228m.
History. A reorganization and consolidation Oct. 3, 1896, of the
Port Koyal & Augusta and Port Royal & Western Carolina, purchased
at foreclosure sale by Tdomas & Ryan, who sold the entire capital stook
and large portion of its issue of income bonds to Atlantic Coast Line
in December, 1897. V. 66, p. 38, 335.
Stock.—$1,200,000; par, $100. A full stateinsnt as to Augusta Ry.
Terminal Co. and its bonds was in V. 66, p. 383.
Earnings.-Fot year ending June 30, 1899, gro^s, $841,521 net,
after deducting taxes, $197, i94; interest, *136.000; lease of Aug,
Term., $36,000; surplus, $25,494. President, J. B. Cleveland, Spar,
tanburg, 8. C; Secretary, J. J. Nelligan, Baltimore, Md. (V. 66, p. 953.)
—
;
Chartlers Ry.— Owns from Carnegie, Pa., to Washington, Pa., 23 in.,
Leased till 1971 to the Pittsburg Cincinnati & St. Louis (now Pittsburg Cincinnati Chicago & St. Louis); the rental is net earnings.
Capital stock, $645,300 (par $50), of which the Pennsylvania Railroad owne $333,850. Dividends since 1886: Tn 1887, 1888 and 1889,
5 per cent; in 1890, 5*2; in 1891, 7^2 in 1892, 8; in 1893, 10; In
1894. 10; in 1895, 8; in 1896, 9; in 1897. 10 p. c; in 1898, 10 p. 0.; in
;
1899, April, 3 1* p. c; Oot., 3*2 p. c; in 1900, April. 3*2 p c.
Earnings.— For year ending Dec. 31, 1899, gross, $366,414; net
$114,468; other income, $9,347; int. aad taxes. $41,053; dividends,
$45,171. In 1898, gross, $301,028; net, $100,450.
RR.— Operates narrow-gauge road from Plattsburg,
on the Delaware & Hudson, to Saranac Lake, in the Adirondack
Mountains, 73 miles. Of this it owns from Dannemora to Lyon Mt.,
18 miles, and leases the Chateaugay Railway, Lyon Mt. to Saranac
Lake, 39 miles, and the Plattsburg & Dannemora RR. (so-called),
Plattsburg to Dannemora, 16 m. The latter road is leased from the State
of N. Y. for one dollar and the free transportation of freight to the
8tate's Prison at Dannemora. The Chateaugay Railway is leased for
Interest on its bonds, which are guaranteed principal and interBuilt in interest of an ironest by the Delaware & Hudson Co.
mining company and to carry summer travel to the Adirondaoks. In
January, 1897, the Saranac & Lake Placid, 10 miles, was leased for 17
years Jointly with the Chateaugay Ore & Iron Co. Stock, $75,000 (par
"$100) loans and bills payable June 30, 1899, $22,087.
Chateaugay
N. Y.,
;
April,
1900.]
RAILROAD STOCKS AND BONDS.
29
30
INVESTORS' SUPPLEMENT.
LXX.
[Vol.
Subscribers will confer a ureal favor by giving immediate notice of any error discovered In these Tables.
Bonds—PranoiRAILROADS.
INTEREST OR DIVIDEND8.
Miles
Date
Size, or
Amount Rate per When Where Payable, and bv
For explanation of co'umn headings, Ac, see notes
Par Outstanding
of
of
on first page of tables.
Cent.
Payable
Road. Bonds Value.
Whom.
Ohateangay R'i/— 1st M., guar. p. & 1. D.& H. Co..
Ohath. a Lebanon Valley— 1st M. *350,000 g.
c
Ohatt. Rome <t Southern—1st M., $500,000, g.U..c*
Chattanooga Southern— Stock ($750,000 is pref.)...
39
52
138
"89
89
1st mortgage, gold
Income mortgage, non-cumulative, $750,000
Chesapeake Beach-lbt M., $1,000,000, gold.Co.c*
Chesapeake & Oh to— Stock
Mortgage 6s, gold, series "A" See text
o*
1st mort.,of 1911, Penin. Ext., gold. See text.c*
Ter'J 1st m.,1922, covering 8 m., to Phoebus.g.c*
1st oonsol. mortgage for $30,000,000, gold .o*&r
Rich. <fe All Div. lstconsol. M., gold. See text. o*
2d cons. M., Riclim. via. Lynchb'g to Clifton F.
Craig Valley branch 1st mortgage, gold
o*
Warm Springs Branch 1st mortgage, gold
c*
.
General mortgage
Eliza. Lex.
1st
&Big8andy
mortgage on
Car
trusts,
$70,000,000,
etc.) gold..c*
1st m.,g., guar, p. <fci..c*
Greenbier Ry., $3,000,000, g.c*
(for
30
5
I
503
75
8
655
256
256
26
22
1,174
109
$200,000
F. & A.
1887 $1,000
6
Plattsburer, N. Y.
200,000
5
1899
1,000
M, & N. N. Y., Nat. B'way Bank
332,000
1,000
5 g- J. & J. N. Y., Union Trust Co.
1897
100
3,000,000
none issued.
1895
5 g. J. & J.
New York.
none issued. 5 if earn.
1895
1,000,000
1,000
5 g. J. & J. N. Y., J. Kennedy Tod.
1898
100 60,513,900 1 in 1899
N.Y.,J. P. Morgan & (Jo.
1,000
2,013,354
1878
& O.
do
do
6g.
1,000
2,000,000
1881
& O.
do
do
6g.
142,000
& D.
1882 500 &o
do
do
6g.
1,000 25,858,000
1889
& N.
do
do
5g.
6,000,000
1,000
&
do
1890
J
do
4g.
1,000
1,000,000
1890
J.
do
do
4g.
650,000
1890
1,000
& J.
do
do
5g.
400.000
1,000
& s.
do
do
1890
5g.
1,000 26,059.000
4 13g.
do
1892
& s.
do
3,007,000
5 g.
1872
1,000
& 8.
do
do
N'neDec5'99
& D. Interest from Dec, '99
1899
4g.
ft;.
pa\ able monthly
Guaranteed Bonds.
C.
& O.
M. deb.
88. 1st
&
red. at par, gn.. p.
1
1st mortgage
& New River RR.
Manchester city & imp. bonds
Greenbrier
$45,200)
Lo.&Jeft.Bdg.lstM.,$5.000.000,gu.p.&i.,end.1T.*c
Norf. Term'l & Trans. 1st M., $500,000, gu. p.&i.
Chesapeake <£ Western—Stock $660,000
1st mortgage, gold ($25,000 per mile) Co
1T
1888
1888
1893
1,000
1,000
£100
1,000
(8s,
1895
1898
27
i",6bo
1T3,000,000
1,000
500,000
606,900
666,000
100
500 &o.
1896
Guaranteed jointly and severally with Clev. Cin. C hie.
&
St. L.
Earnings.— In year ending June 30, 1899, gross, $148,781; net.
$22,454 rentals and taxes, $22,384 balance, surplus for year, $70.
In 1897-98, gross, $134,126 net, $161.— V. 64, p. 182.
Chatham & Lebanon Valley RR.— Chatham, N. Y. to State
line of Vermont, 52 miles. Entire line being rebuilt, and in Dec 1899,
operated from Chatham, N. Y., to Petersburg Junction, 45 miles. Successor in 1899 to Lebanon Springs RR., foreclosed. V. 69, p. 355,
695. Stock, $1,000,000, all outstanding; par of shares, $100. Bonds
are not subject to call. Produce Exchange Trust Co., N. Y., trustee.
President, 221 Broadway, N. Y.; Sec. & Treas., C. F. Ainsworth; office,
;
;
;
,
Chatham, N. Y.— V.
Chattanooga
69, p. 695. 954.
Rome & Southern RR.— Owns road Carrollton.
Rome, to Chattanooga, Tenn., 138 miles, with two branohes
aggregating 8 * miles; total, 146*9 miles. Successor Sept. 12, 1897,
to Chattanooga Rome & Columbus, foreclosed Jan. 13, 1897.— V. 70,
Ga., via
p. 632.
Stock and Bonds.— Capital stock is $1,600,000 non-cum. 5 p. c. pref.
common. First mortgage is for $500,000.
Dividends.— On pref., 3 p. o. paid Jan. 17, 1899; Jan. 17, 1900, 3 p. o.
Earnings.—Report for year ending Dec. 31, 1899, was in V. 70, p528, showing; Gross. $299,918; net, $66,378; interest and taxes.
stock and $1 ,600,000
$12,935 surp,. $36,843 divid'd oti preferred stock (3 p. a), $48,000
In 1898, gross, $441,830 net, 184,373. Large earnings in 1898 were
due to encampment of U. S. troops at Chickamauga Park.— (V. 66, p.
473; V. 70, p. 528,632.)
Chattanooga Southern RR.— Owns road, completed in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 miles trackage to Chattanooga, 5 miles
sidings and
spurs. 10 miles total of all track, 105 mdes. Successor to Chattanooga Southern Ry., sold in foreclosure Feb. 14, 1895 plan in V. 61,
Sept., 1899, the new securities had not been issued.
p. 830, but
The new lsts were to be $5,000 per mile on present mileage and $10,000 on extensions. The old bondholders were to subscribe for new
bonds at par to amount of 25 p. c. of their holdings.— V. 63, p. 401.
Earnings.— In year ending 1898-99, gross, $71,096; def. under oper.
expenses, $16,166. Seo'y, E. C. Osborn, 31 Nassau St. (V. 63, p. 823.)
Cherry Valley Sharon
Albany RR.— Owns from Cherry
Valley to Cobleskill, N. Y., 21 miles. Stock, $289,100; par, $50. The
$300,000 7s, due June 15, 1899, were redeemed at maturity by the Del.
<fe Hud. Co.. which held a majority.
(V. 69, p. 26.)
;
;
;
;
;
;
m
;
&
Chesapeake Beach Railway,- Deanwood, D. C,
to
Chesapeaks
Beach, Md., 30 miles, completed in July, 1899. Stock. $1,000,000, all
outstanding; par, $100. President. Otto Mears; Vice-President and
Treasurer, John L. McNeil; Sec Fred'k D. McKenney. Office, 1420
New York Ave.. Wash., D.
V. 69, p. 228.
Chesapeake
Ohio Ry.— (See Map.)— Operates from Newport
News V a., and Washington, D. C, to Cincinnati, Ohio, with branches.
Lines owned in fee
Miles.
Lines contr'd by stock, etc. Miles.
Old Point Comfort and NewBridge— Covington, Ky., to
port News via CharlottesCincinnati, Ohio
2
ville to Ashland, Ky
519 Elizabethtown Lexington &
Richmond via Lynchburg to
Big Sandy RR
103
Clifton Forge, Va
232 Sundry branches
224
Buckingham Br. (acqu. in '97)
21 Trackage to Washington
85
Lines controlled by stock, etc.
Leased
30
Maysville & Big 8andy RR.
Ashland, Ky., to Covington, 144
Total system
1,360
Secondtrack
82 Trackage to Louisville
84
Of the above mileage 19mlles is narrow-gauge road. Of the "leased"
21 miles is on E. L. & B. S. and 9 miles on Washington line.
In Sept., 1899, the Greenbrier Ry., most of whosestock is owned, was
building a branch line from Whitcomb 8tation on the 0. & O. main
line, up the Greenbrier River to its forks, 95 miles, within about 40
miles of the West Va. & Pitts., which company proposed to build aline
to connect the two systems. V. 69, p. 33?, 383, 490, 905. In Aug.,
1899, an 18-mile branch along and across the New River, West Va., to
develop additional coal territory, was in progress. V. 68, p. 338, 384
History, <fec—The former Chesapeake & Ohio was sold in fore^
closure April 2, 1878, and this company organized. In 1888, under
the direction of Drexel, Morgan & Co., reorganized without foreclosure,
and the road extended to Cincinnati. The consolidation with the Richmond & Alleghany was consummated in January, 1890. The Elizabethown Lexington & Big Sandy and other roads were absorbed in 1892.
In September, 1893, the Chesapeake & Ohio Steamship Co., controlled
by this company, began operations. See below and V. 55, p. 1078.
Capital Stock.— Common stock is $60,513,900; increased from
$45,000,000 to this figure since 1892 through exchange of practically
all the $25,000,000 of preferred stocks for common stock and general
mortgage 4*2 per cents in certain proportions. First preferred for
$18, c 00 and second preferred, for $4,000 only was outstanding July
1, 1899. See terms of exchange in V. 54. p. 642. Stock may be reduced
by majority ^ ote of stockholders whenever deemed desirable.—V. 70
C—
&
830,000
315,000
a£l 10,000
370,000
81,200
,
—
—
p. 175.
Dividends.— First dividend, 1 p. c, paid Oct. 25, 1899. V. 69, p. 383.
Bonds.—The series A bonds of 1878 cover, subject to the purchase
money 6s, the main line from Richmond, Va., via Charlottesville to
a £10,000
Stocks— Last
Dividend.
Aug.
Nov.
July
4g. A. &
4
Oct.
5g. J. &
1.
5
A.
5&8
F.
4g. M.
5
do
O.
&
&
N. Y., J .P." Morgan
8.
&
A.
Jan. 1, 1911
June
May
Jan.
Jan.
July
Mch.
Mch.
Mch.
Deo.
F.
&
A.
called ye arly at
1938
1988
1909
1942
Feb.
1,
1,
1945
1948
Aug.
1,
1945
Aug.
Contin. Trust, N. Y.
1922
1939
1989
1989
1940
1941
1992
1902
1999
1903
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Jan.
& Co
1907
1919
1947
Oct.25,'99,1%
July 1, 190»
Oct.
Oct.
London.
Richmond.
J.
F.
do
1.
1,
1,
1925
1925
July 1. 1923
To
1,124.069
Elevator Co. 1st M., gold.p. &i. guar, by C. & O.o*
2d mortgage, for $500,000, income, non-cum.o*
pal.When Due.
Mch.
par.
Ashland, Ky., 428 miles, and are equally seoured with the Peninsular
Extension 6s by first mortgage on extension to Newport News, 75 miles.
The consolidated mortgage due in 1939 is for $30,000,000 (trustee.
Central Trust Company), and sufHoient bonds are reserved to
provide for prior liens. This mortgage is also secured by deposit in
trust of the $11,000,000 bonds and two-thirds of the stock of the Maysville & Big Sandy RR., [on road Ashland to Covington, Ky.], and of the
Bridge to Cincinnati, all owned by Ches. & O. (Abstract, V. 49, p. 147.
Richmond dk Allegheny Division bonds cover the low-grade freight
route from Richmond via Lynchburg to Clifton Forge and branohes.
t
(Mort. abstracts, V. 51, p. 144.)
The general mortgage of 1892 (Central Trust Co. and H. T. Wickham
is for $70,000,000, but additional amounts at $25,000 per mile
be issued for double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 consols of 1889, issued or to be issued, etc. The balance unissued may be
sold for new acquisitions, rolling stock, etc., but not more than
$2,000,000 thereof in any one year. The mortgage covers the entire
property of the company, real and personal, at the time the
deed was made, and all additional property and mileage
acquired with the proceeds of the bonds. 8ee full abstraot of mortgage
in V. 54, p. 644 also V. 54, p. 642 V. 55, p. 335. In Jan., 190O,
$26,057,000 had been listed on New York Stock Exchange.
The Elizabetht'n Lexington & Big Sandy first mortgage bonds, interest
on which has been reduced to 5 per cent, have been endorsed with the
C. & O. guaranty of principal and interest, and general mortgage bonds
have been set aside to retire them at maturity.
The 1st 4s on the Greenbrier Ry. are direct obligations of the C. <fe O.
Of the $3,000,000 authorized, $1,500,000 were to be issued at once
and the remaining $1,500,000 only for further construction or equiptrustees)
may
;
;
ment, extensions, betterments,
&c— V.
69, p. 383.
The Louisville & Jeffersonville Bridge bonds, of which $3,000,000
are outstanding, are guaranteed Jointly and severally by the Chesapeake & Ohio andCleveland Cincinnati Chicago & St. Louis; any deficit
on account of the bridge is payable by them in the proportion of onethird and two-thirds respectively— see V. 60, p. 130; V. 61, p. 327,
559; V. 62, p. 84 and separate statement for L. & J. Bridge Co.
Operations, Finances, <fec— Since the reorganization in 1888, when
the control of the company was placed for five years in the hands of
trustees, the property has been greatly enlarged and improved.
In Jan., 1900, Pennsylvania interests purchased a large block of
stock, and with the Morgan-Vanderbilt interests now own a majoiity
of the stock.— V. 70, p. 75, 632.
The interest charges for the fiscal year 1899?00 are estimated at
$3,220,616, against $3,133,097 in 1898-99. V. 67, p. 322.
The steamship line was formally opened Sept. 7, 1893, and owns
six new steamers, using the railroad wharves at Newport News.
The stockholders voted Oct. 24, 1899, to aid theGreenbrier Ry. to
construct its road by the issue of not over $3,000,000 C. & O. 4 per
cent gold bonds, payable Deo. 1, 1999, secured by mortgage on the
Greenurier Ry. See above.— V. 69, p. 383.
Earnings.— 8 months, ) 1899-0. ..Gross, $8,858,334; net, $2,909,039
July 1 to Feb. 28.
5 1898-9. ..Gross,
7,959,103; net, 2,660,661
Annual Report.— Fiscal year ends June 30. Annual meeting Is
held at Richmond on the Tuesday preceding the last Tuesday in
October. Report for 1898-99 was given in full in V. 69, p. 331, 337,
and showed the following. See also editorial p. 311.
Traffic— Ot the total tonnage (8,130,661) in the year 1898-99, coal
and coke furnished 4,071,131 tons, or 50 per cent of the whole;
products of agriculture furnished 12 per cent. The average rate received on seaboard coal was only 2-21 mills per ton per mile on all
freight, 362 mills. Average train load, 259 tons in 1892, 425 in 1898-9.
1897.
Year ending June 30—
1899.
1898.
Miles operated
1,415
1,360
1,360
Passenger earnings
$2,422,053
$1,857,898
$1,954,864
9,<>62,879
8,389,374
Freight
9,262,998
460,911
524,908
Express, mail and miscel.
570,695
;
Total earnings
$12,009,839
Oper. expenses and taxes.
8,077,384
Per
expenses to earns..
$11,788,557
7,982,307
$10,708,183
7,286,769
(67)
(68)
$3,932,455
100,157
$3,806,250
83,628
$3,421,414
79,326
Total and net income. $4,032,612
3,326,481
$3,889,878
3,271,368
$3,500,740
3,198,198
$706,130
$618,510
ct.
Netearnings
Other income
Interest on bonds, &c...
Balance, surplus
President, George W.
(68)
$302,542
Stevens— (V.
70, p. 75, 175, 279, 632.)
Southwestern.—See Illinois Central.
Chesapeake Ohio &
Chesapeake & "Western
RR.—
Owns road from Elkton to
Bridgewater, Va., 26*67 miles; trackage, Norfolk & Western to Elkton
0*33
in
April,
mile.
Road
opened
1896. Projected to tideJunction,
water on Chesapeake Bay. Of the outstandirg stock, $532,800 is
oommon; $73,100 preferred. Year ending June 30, 1899, gross, $25,383; net after deducting taxes, $2,124; no interest paid, bonds being
held by construction company. General office, 30 Broad St.. N. Y.
April,
1900.
RAJLttOAD STOCKS
AND
BONDS.
31
33
LNVESTOKS' SUPPLEMENT.
LXX.
[Vol.
Subscribers will confer a great favor by giving Immediate notice of any error discovered. In these Tables.
Bonds— PrtnclRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal.When Due
Amount
For explanation of column headings, &c, see notes of
Par
of
Outstanding R f^LP er When Where Payable, and by Stocks— Last
on first page of tables.
Bonds
Value.
Road.
Payable
Whom.
Dividend.
Chester Co. Vent.— 1st M., $800,000. g
FP..C
Chesterfield <6 Kershaw— \$t
$500,000, gold..r
54
Chestnut Hill RR.— Stock, rental P. <fe R. Rv
4
Chic. «fr Alton Ity.-Com. stock, $20,0 00 000....
Pref. stock. 4 per cent.non-cnm $20,000 ooo.
Chicago
Alton KH.— Common stock
Preferred stock (7 per cent yearly not oumulati ve)
Refunding mort., gold, $40,000,000 eto.IC'.c'Ar
All
Underlying Skcdrities, Etc.
Gen. M., Joliet to E. St. Louis & for., sterling. ..o* 322
8.f.bonds(K.C.St.L.&C.lstM.ool.),gold,notdr'n.c*
162
Miss. Riv. Br., 1st M., g.,ass'd, s.f.,dr'n at 100c*
Kansas City St. L. & C. pref. stock, guaranteed.
162
Joliet & Chic, 7 p.o. stock, perpet.,guar. by C.&A.
37
Louisiana <fe Mo., guaranteed preferred stock
101
1st mort. (guar. p. & i. and later assumed)
101
2d mort. (guar. p. <fe i. and later assumed)
101
Chicago Burlington & Quincy— Stock, see text.
Con. M. cov'ngCh. Term, (now 1st lien) seetext.c*
759
Illinois Div. mortgage, $85,000,000, cur. IVB .. 1,649
Sink, fund bonds (1st M. as coll.) not dr'n.c*<fcr
285
Ch. Burl. & Q. Iowa Div. s. f 5s, drawn at 105
>
M
,
.
.
5 g. J.
5 g. A.
&
&
J.
Q.-M.
6
Fid.,I.T.&S.D.Co.,Phila July 1, 1947
S. Dep. Co. Oct. 1, 1919
Mar. 5, '00, lia
Phila., Treas. of.
O. Rich. Tr.
&
(?)
(»)
100
100
1899 1 ,000&o
1873
1878
1877
1870
1877
Ut.379,850
J.
1,000
1,000
111,671,000
M.
1,000
1,000
;
!
1,000
1873
1899 lOOO.&c
1,000
1876
<1879 1,000
U879
1,000
1,000
1,000
1,000
1881
1881
1883
415
460,000
§"•
1,750,000
1,500,000
7
329,000
.785,000
U
I
U 300.000
98,375,000 6 in 1899
* 28,924,000
7
21,594,000
3^
a2,315.000
b2,709,000
i
c8.704.000
4
d4,300,000
4
e7 ,968,000
4
9,000,000
5
1
100
s. f.
18,751,100 7 in 1899 Q.-M.
3,479,500 7 in 1899 Q.-M.
32,000,000
3 g. A. & O.
£200
100
100
100
.
mortgage 4s, drawn atlOO.o&r $
Sink, fund 4s (So. W. Div.) drawn at 100....o*&r
Denverexten. (collat. tr.) b'ds, s.f. dr'n at lOO.c*
Debentures for Han. & St. Joseph stock
o*
Div.,
$800,000
See text.
120,650
.
,
&
Iowa
1897 $1,000
1,000
1899
50
,
A.
&
&
&
J.
N. Y., 120 Broadway.
do
New
do
York.
Mar. 1, '00, 1%
Mar. 1/00. 13t
Oct. 1, 1949
1903
1903
Oct.
1912
Mayl'00,lia%
Lond'n.J.S.Morgan&Co. July
N. N. Y.,Cuyler,Morg.&Co.
O.
— F.
do
do
do
do
—J.
N. Y., U. S. Trust Co. Apr, '00, 1%%
& A. N. Y., Cuvler, M. & Co. Feb., '00, 3i<a%
Aug. 1, 1900
P. A A. N. Y., 120 Broadway.
Nov. I, 1900
M. & N.
do
do
Q.-M. N. Y., Boston and Chic. Mar.l5,'00,lifl
J. & J. N Y., Bk.of Com.& Bost. July 1, 1903
do
July 1, 1949
do
J. & J.
A. & O.
do
do
Oct. 1, 1901
A. & O.
Oct. 1, 1919
do
do
Oct. 1, 1919
A. & O.
do
do
do
do
Sept. 1, 1921
M. & 8.
Feb. 1, 1922
F. & A.
do
do
May 1, 1913
M. & N.
do
do
a Issue $2,500,000; redeemed by sinking lund and ca uceled $185,0 00; sinking f und asse ts, $2,08 0,033. b, $29 1,000, and
canceled not included, d, $1,197,000, and p, $2.19 1,500, are in sinking fund uncanceled and are here included.
* Including
11 To be retired by refunding mortgage.— V. 69, p.
amount exchanged i n Apr., 1900, for $3,428,000 111
178.
c,$3,798,000
,
'
Chestnut Hill
KR.- Owns
from Germantown to Chestnut
Hill,
Re-leased in 1896 to Phila. & Reading Ry., the rental
being reduced from 12 per cent to 6 per cent on stockT
Pa., 4 miles.
Chicago
&
Alton Ry.— Owns line from 8pringfleld, III., to Peoria,
111., 63 miles, formerly owned by the St. Louis Peoria & Northern Ry.,
and has leased for 99 years all the lines and property of the Chicago &
Alton RR. Co., which see next below. Incorporated in April, 1900.
—V. 70, p. 686.
Chicago
Kansas
& Alton RR.— (See Map -Road—Chicago to St. Louis,
)
843 miles, of which 110 double tracked.
Lines Ownea—
Miles.
Miles.
Owned by railway—
Joliet to East St. Louis
244 Springfield to Peoria
63
Dwight to Wash, and Lacon. .. 80
Lines Leased—
8t. L. Jack. & Ohio. Division—
Joliet & ChicagoBloomington to Godfrey
150
Chicago to Joliet
37
Rood house to Quincy Juno
37 Louisiana & Missouri Riv.—
Joliet to Coal City, etc
25
Louisiana to Cedar City
101
Other lines
6 Kan. City St. L. A ChicagoMississippi River Bridge
Mexico to Kansas City
162
1^
Total of all owned, leased and operated.
906
History.— Succeeded to the property in October, 1862; the 8t. Louis
Jacksonville & Chicago RR. has been merged. (V. 69, p. 645.) In April,
1899, the road was purchased by the Harriman syndicate, as below
In Apr., 1900, the new C.&A.raiiway leased the property for 99 years
for its net earnings, the charter of the r ilroad not permitting the
merger of recent acquintions of the syndicate. V. 70, p. 686.
Ptopk _Tiie preferred stock has prior right to a non-oumuiattve dividend not exceeding 7 per cent from net earnings and (after
payment of 7 on common) also shares with common in any surplus.
A»iviijfc.isD8.— Pr. ct. ) 1882 '83 '84 '85 to *96 incl. *97 '98 '99 '00
common and pref... S 8
7*4 7 7 Mh.l34
8
10
8 per an.
On common, in 1900, Mar., 1% p c; on pre/., in 1900, Mar., 134 p. 0.
Leased Lines. —The Kansas Oily si. Louis dt Chicago is leased in perpetuity from Nov. 1, 1877, at rental of 35 per cent of gross earnings.
Its b< nds are held by the U. 8. Trust Co. as seourity for Alton bonds
of 1878. These have a sinking fund (in 1896) of$l3&,690 per annum.
Common stock, $271,800, of which $157,600 owned by C. & A.
The Joliet <6 Chicago is leased from January 1, 1864, for the term of Its
charter, and forms part of the main line. Rental, 7 per oent on stock.
The Louisiana <£ Missouri River RR. was leased in perpetuity, Aug.
1, ,1870. Under the agreement of Nov. 13, 1894, the Alton assumed to
pay, in lieu of rentals, all interest ou the first and second mortgage
bonds and their principal when due, also 7 p. 0. per annum on the guaranteed prefei red stock, and also to purchase the L. & vf.R. unguaranteed
pref en ed at $29 50 per share and the common at $10 per share. V.
59, p. 1057. Unguaranteed preferred stock is $1,010,000 and oommon
$2,312,700, neither of which have ever paid dividends. In Dec, 1898,
all but 247 shares of unguaranteed preferred and 445 shares of com
mon stock had been purchased by Chicago & Alton.
KGeneral Finances.— In Apr., 1899, a syndicate composed of Geo.
Gould, J. H. 8chiff, E. H. Harriman and James Stillman had acquired
over 95 per cent of the preferred and commonstocks. paying therefor
$200 and $175 per share respectively. V. 68, p. 230, 281 379. 427,
523,670. See official circular in V. 68, p. 281. The syndicate in May,
1899, also acquired control of the St. Louis Peoria & Northern, of
which Springfield to Peoria, 63 miles, was taken over by the C. & A
balance by the 111. Central. The syndicate also assumed the lease
of the Chicago Terminal Transfer terminal facilities at Chicago under
a modified rental. V. 69, p. 26, 1147; V. 68, p. 1022, 1225.
The mortgage securing $40,000,000 3 per cents, dated Oct. 1, 1899,
will refund bonds marked "If" in table maturing during next four years,
and also provide fund for improvements and extensions. Bonds in
excess of $40,000,< 00 may be issued thereunder on vote of threequarters of stockholders for extensions of not over 500 miles,
main track, at not exceeding $20,000 per mile, to fund leased line renttal obligations and for future betterments not to exoeed $5,000,000 at
not over $1,000,000 per annum from Jan. 1, 1900. Stockholders subscribed in July, 1899, for the $40,000,000 new bonds at the rate
of $650 cash for each $1,(J00 face value, the first $10,000,000 (25 per
cent) being paid for Oct. 10, 1899, payment tor an additional $22.000,000 has been called for payment on May 7, 1900, and the remainCity, etc, in all
;
ing $8,000,000 subsciioiion was canceled. V. 70. p. 739. See
circular in V. 69, p. 178; also p. 26, 129, 541; V. 70. p. 429.
official
As to interest payment on syndicate's purchase-money certificates,
see V. 70, p. 531.
Annual Report.— Report for 1899 was in V. 70, p. 736, showing:
Tear ending Dec. 31—
1899.
1898.
1897.
1896.
Passengers
$2,226,733
Freight
4,454,930
Mail, express, etc..
474,299
$2,123,564
4,109,934
459,79 7
Comparison impracticable; methods of compilation
changed in 1899.
Total gross earns... $7,155,962 $6,693,295
$2,684,696 $2,416,52 8
267,317
246,292
$2,519,930 $2,801,737
233,483
234,257
Total receipts
$2,753,413
Net earnings
Other receipts
$2,952,013
$2,663,064
$3,035,994
Dividends
Miscellaneous
Balance, surplus....
"
1896.
1898.
1897.
609,829
1,556,142
55,555
$439,776
36,488
585,665
1,556,142
19, ; 85
1,611,718
38,909
52,378
587,959
1,778,448
50,085
$287,457
$60,070
$40,851
$136,649
$443,030
Construct., equip., <&o
Interest on debt
Div. 3^8.
.
$420,250
32,309
574,708
1899.
Rentals paid
1,
1,
1.
May
$430,475
In addition $203,705 was paid for old claims. President (elected
Samuel M. Felton.— V. 70, p. 429, 531, 686, 73», 739.
Sept., 1899).
Chicago Burlington & Northern RR.— (See C. B. & Q.)
Chicago Burlington &. Quincy RR.— ( See Map.)— Road.- Operates a great system of roads extending from Chicago westerly, reach-
Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
Neb., Denver, Col., Cheyenne, Wyo Black Hills, S. D., and Billings, Mont. The aooompanying map shows clearly the system.
Miles
Oontroll'd and Operated. \Miles.
Road owned, leased, etc.
Chicago to Denver, Col
1,046 Kan. C. St. J. & Conn. BluffsU—
Kan. C. to Coun. Bluffs, etc 310
Chic. Burl. & Northern
371
225
St. Louis K. & N. W. (all own'd)
Branches and leased lines
Chicago Burl. & Kan. City... 236
practioally owned (includHannibal <& St. Joseph
ing 843 miles leased lines
IT 297
260
merged in May, 1899)
4,607 Keolsuk & Western
Used jointly with other Co.'s. 207
ing
St.
Omaha.
,
Total system, stand, gauge.. 1 7,419
Total system proper
6,231
314
Narrow-gauge
170
Separately described.
t Less 140 m. already included.
Organization, &c. This was a consolidation in July, 1375, of the
Chicago Burlington & Quincy in Illinois and the Burlington <fe Missouri
River in Iowa. In 1880 the Burlington & Missouri in Nebraska was
absorbed. The leased lines are practioally owned and there is no charge
The
for rentals in the income account, except as interest on bonds.
Chicago Burlington & Northern and various other suhsidiary lines
situated in Illinois were absorbed in May, 1899. V. 68, p. 975. la
RR. - V. 70, p. 75.
Dec, 1889, acquired Chicago Ft. Madison <te Des
In Dec, 1899, in addition to mileage above, Grant City to Albany,
Mo.. 20 miles, and an extension of a branch line from Arcadia to Sargent. Neb 20 miles, were operated. A hrauch from Alliance, Neb., to
Hartville, Wyoming, 141 miles, was under construction, of whioh Alliance to Camp Clark, in the Valley of the North Platte, about 35 miles,
was completed in 1899. In Maroh, 1900, extension from Toluca, Montana, to Cody City, in Big Horn Basin, Wyoming, reported to foe proposed.
Secondtrack
1f
M
,
Lands.— Only 48,372 acres remained unsold June 30, 1899; land notes
outstanding, including interest payafole, $1 54,630.
Capital Stock.—The stock has been increased for the acquisition
of new lines, and in 1880 a distribution of 20 per cent was made. From
Sept. 1, 1890, to Nov. 30, 1S99, $12,158,800 stock was issued to retire
an equal amount of convertible debentures, leaving still outstanding
In April, 1899, $4,041,500 additional
$3,1 19,900 convertible bonds.
stock was subscribed at par. See "General Finances" below.
Divs.— ) -81-87 '88 '89 '90 '91 '92 '93 '94 '95 *96 '97 '98 '99 1900.
Mh.l^
4 5 4*4 5 5 434 4 4
4
Per cent. 8 yrly 5
<,
5^6
Sinking Funds.— Inoludert in the bonds outstanding in the table
above are sundry bonds of the oorapany which are held alive and
drawing interest for aocount of the various sinking funds.
Bonds.— For full description of eaoh loan see the editorial article on
pages 3 to 6 of Supplement of Oot., 1896, and Chronicle V. 63, p. 775
The mortgage of iSqq for $85,000,000 secures bonds dated July 1,
1899, mituring July 1, 194!+, and to bear interest at not to exceed 5
percent. 8uoh bonds as may be issued bearing 3^ per cent interest
will be subject to call at 105 per cent and accrued interest and those
bearing interest at less than 3 p. 0. at par and interest on any
coupon day after thirty years. The issue is limited to $85,000,000,
and the lien securing the bonds will become an absolute first mortgage,
covering all lines east of the Mississippi River (including the Chicago
Burlington & Northern and other linos to be merged), upon the payment of $28,924,000 consolidated mortgage 7 per cent bonds due
July 1, 1903, and of $2,320,000 Chicago & Iowa Division 5 per oent
bonds due Feb. I, 1905. Sufficient of the new loan is reserved to take
up these $31,244,000 bonds and $21,594,000 were issued in 18991900, as below stated. The remainder of the loan will be available for
additions,
etc— See
V. 68, p. 771; abstract, V. 69, p. 283; V. 69, p. 795.
The Iowa Division bonds are a first mortgage on the main line in
Iowa from Burlington to East Plattsmouth on the Mo. River, 278 miles,
and on 122 miles of branches; they are also a first collateral lien on 420
miles of branches and 86 miles of second track. These bonds have a
sinking fund of l 1^ per cent ($203,800) yearly, for which the 4s are
subject to call at 100, the 5s at 105. The single main line and branches
oovered "shall not exceed In the aggregate 900 miles," at $16,000
on second traok (of whioh Jan. 1, 1897, there were 88
per mile
miles) may foe issued an additional $14,000 per mile. (V. 65, p. 462.)
Iowa Div. bonds, $56,000 fives and $170,000 fours, have foeen drawn
for the sinking fund and will be paid April 1, 1900. V. 69, p. 1192.
;
April
1900.]
KAILROAD STOCKS AND UOND&
33
34
INVESTORS' SUPPLEMENT.
^"^JifcaX^^?
CHICACO &
EASTERN ILLINOIS „
_
.
Railroad ? Connections.
-Pen
Je «i-i
n
j
a c
Reduced
Scale.
i
.
a
P ° LT0N
|
MOMENCgl
|^C*"^S^
M^
^C<d_/
|
ICTr
«
WATSECAl^fp£R CY
^^nmrSS^J | u —
<
/
7
[Vol.
LXX.
RAILROAD STOCKS AND BONDS.
April, 1900. J
3&
Subscribers will confer a great favor by giving immediate notice of any error discovered In tbese Tables.
RAILROADS.
Kor explanation of column headings, &c. see notes
:
on
first
page of tables.
Miles
Date
Size, or
of
of
Par
1887
1895
l,000<fec
*!K>-2
100 &c.
Road. Bonds Value. Outstanding
(Bond*— PrinciINTEREST OF DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
—
—
Chicago Burlington <f Quiney (Concluded)
Nebraska ext., $20,000 p.m. (s.f.,notdr'n).c*<fer 1,472
121
c*
Chicago & Iowa Div., collat trust
c*
Convertible debentures (See remarks)
B.&Mo.RR.inNeb. J Land grant, s. f., dr. at 100
Con.M$14000000 I Exempt, not dr'n till 1908
)
—
Rep.Val.,lstM.,gu.,(dr. at 100)8. f.,$14,000y'ly.c
1st
o*
guar. c*
mortgage
Atoh. &Neb., 1st M., At. to Lin., Neb., etc.,
2d mort. on Atch. & Neb. RR. (1st M. on bridge)
Lino'n&N.W.RR.lstM. guar.,s.f.l p.c.notdr'n..
Chic, dt East. Illinois—Com. stock ($15,000 p. mile).
Pf. st'k, $10,000,000,6 p.enon-cum($10,000 p.m.)
cA
1st mort. (8. f $20,000, no drawings)
Danville & Grape Creek RR.— lpt M., assumed, .c*
*.c*
Extension, 1st mortgage
Consol. mortgage (for $6,000,000), gold s. f../..c*
fund
sinking
o
trust
bonds,
Collateral
General consol. and first mort. $30,000,000.. c&r
Ctilo.&Ind.Coal— IstM. $25,000 p. m., assumed.o*
Evansv. T. Haute A Chic, let M., g.,lnt. guar.o*
.
Income mortgage
Indiana Block Coal, 1st mort., s. f., call at par..
Chicago <t Erie— Stock (all held by Erie)
1st M. gold, Interest guar, till principal is paid. c*
Income bonds for $10,000,000 5 p. c. non-cum...
Terminal 1st mortgage, gold
.
,
585
S
Burl.&Mo.RR.inNeb.,s.f.forAt.&Neb.RR.st*k..
Ottawa Oswego & Fox River.
Amount
....
90
67
145
73
107
7
15
127
....
256
174
49
49
.
...
249
249
....
1
1,000
J1878 600 &c.
U878 600 &C.
1880
1,000
1879 600 &0.
1870
1,000
1878 100 &C.
1887
1880
1,000
100
100
1877 100 &c.
1880
1,000
1881
1,000
1884
1,000
1887
1,000
1887 l.OOO&c
1886
1,000
1870
1,000
1881
1,000
1878
1,000
100
1890
1,000
1890 1.000&0
1888
4
M. A N.
f26,077,000
A A.
2,320,000
5
M. A 8.
5
2,933,000
J. A J.
6
g8,464,000
A J.
6
5,000,000
4
b3,347,000
A J.
J.
k 1,078,000
6
J. A J.
890,000
8
M. & S.
1,125,000
7
<fe D.
See text.
6
A J.
600,000
7
6,197,800 3Hs in '99 J. & J.
5,830,700 6 in 1899 Q.-J.
2,989,000
J. & D.
6
M. & N.
119.000
6
103,000
J. A D.
6
2,788,000
6 g. A. A O
42,000
6 g. F. <fe A
M. A N,
10,069,000
5
4,626,000
5
J. & J
M. A N,
775,000
150,000
M. & N
116,000
J. A J
7
100,000
12,000,000
5 g. M. & N.
Mostly owned
10,000,000
300,000
5 g. J. & J
S*
N.Y.,Bk.ofCom.&Bost. May
do
do
Feb.
do
do
Sept.
Boston, Bk. of Com'rce.
do
do
do
do
Boston, Bk. of Com'rce.
N. Y., F.L.&T.CO.& BOBt.
Boston, Bk. of Com'rce.
Boston.
Boston, Co. 's Office.
New York.
N.Y., Hanover Nat. B'k
N. Y. ,4th Nat.Bk. & Bost.
Boston, Globe Nat. Bk.
N. Y. Fourth Nat. Bank.
N. Y., Central Tr.&Bos.
N. Y., Central Trust Co
,
1, 1927
1, 1905
1, 1903
July 1, 1916
July 1, 1918
Jan. 1, 1910
July 1, 1919
July 1, 1900
Mch. 1, 1908
Dec. 1, 1927
Jan. 1. 1910
Jan. 2, '00,
2%
Ap.2,'00,li*%
Deo. 1, 1907
May
Dec.
Oot.
Feb.
do
Nov.
N. Y., Met. Trust Co.
Jan.
N. Y., Farm. L. & Tr. Co. May
May
do
do
July
do
do
do
New York, Erie RR.
New York, Erie RR.
May
1,
1,
1,
1,
1,
1,
1,
1,
1,
1920
1931
1934
1912
1937
1936
1900
1920
1908
1,
1982
Oct. 1, 1982
July, 1918
by Erie RR.
Quiney sinking funds for the several loans respectively held alive June 30, 1899, of the bonds given above as
outstanding: Of g, $4,714,800 July 1, 1899, and $134,000 additional drawn Jan. 1, 1900; h, $1,930,000; k, $307,000. Also canceled bonds
The Chicago Burlington
not Inoluded above,
f,
<&
$3,364,000, July, 1899.
Denver Ext. bonds can be increased only for 2nd track at $10,000 p. m.
extension bonds of 1887 (New England
Trust Co., of Mass., trustee) are issued at $20,000 per mile forsinsle
second
track on not exoeeding 1,500 miles.
and $10,000 per mile for
A bstract of deed V. 45, p. 441.
Burlington <& Missouri RR. in Nebraska consol. mortgage of 1878 Is for
$14,000,000, and is now a 1st M. or 1st collateral lien; all except the
$5,000,000 of exempt bonds are subject to call for the sinking fund at
The " exempt" bonds may
Ear, $231,200 having been retired in 1896.
The oollateral trust Nebraska
e called after 1908.
The 5 per cent debentures of 1890-92 are convertible $ for $ into stock
any time prior to Dec. 1, 1902, except when books are closed. $11,721,200 had been thus converted up to June 30, 1899. V. 67, p. 842. See
terms of conversion on page 5 of the Supplement for Oct., 1896.
Many of the bonds are redeemable (may be drawn) before maturity at
various prices, plus accrued interest, as stated in the table above.
General Finances.—The Chicago Burlington & Quiney Railroad
bas been one of the most profitable in the country, as its numerous
branches tributary to the main line were built into ohoice agricultural
territory. Corn, however, being one of the prinoipal articles carried
by It. its earnings vary greatly according to the size of the crop.
In May, 1899, all of the bonds and most of the stock of the Keokuk
A Western RR (which see) was acquired. V. 69, p. 756.
In April, 1899, stockholders subscribed pro rata for $16,166,000
new 3^ pe r cent bonds at 75, and $4,041,500 stock at par, in blocks of
$1,000 bonds and $250 stock, for which $1,000 paid, $500 on June 8
and $500 on Sept. 8. This issue of 3*2 per cent bonds is limited to
$85,000,000, as above stated, and is designed to retire eventually the
bonded indebtedness of all the lines east of the Mississippi River.
The lien will beoome an absolute first mortgage on paymeut of the
consol. 7s and the Chicago & Iowa division 5s. The piesent issue is
made to take up the bonds of Chicago Burlington A Northern RR. and
$1,076,000 Ottawa Oswego & Fox River Valley bonds, amounting in
all to $13,787,500, at a cost of $14,235,575. The balance is to be used
for improvements. Interest on the new bonds began July 1, 1899.
See ciroular V. 68, p. 771 V. 69, p. 751. The C. B. & N. was merged in
May, 1899. In Feb., 1900, an additional $2,000,000 Illinois Div. bonds
were sold and in April, 1900, $3,428,000 had been exchanged for con;
sol.
7s of 1903.— V. 70, p. 739.
The company's sinking funds have received to June 30, 1899 over
With this money about $8,000,000 of the company's
$lJt,250,000.
bonds have been canceled, while the remainder of the cash not so used
has been invested for the benefit of the several sinking fund loans
In bonds that are held allvo drawing iuterest and are therefore
Included in the company's outstanding debt. In 1898-9 the aggregate
sinking fund income was $1,143,318, of which $523,619 is the amount
carried direct to the sinking fund and the balance appears in the accounts merely as part Interest on funded debt.
Debentures aggregating $3 1,9 0,900 have been issued; of this amount
$9,000,000 was used to purchase the Hannibal & St. Joseph, from
which a good Income is received, while $7,647,000 was used to buy
other stocks and $15,263,900 (since mostly converted Into stock) for
Improvements, etc
As unencumbered assets, on the other hand, the company owns
besides the $14,244,900 Hannibal & St. Joseph stock above mentioned, a large amount of stocks and bonds, a list of the same being
in V. 63, on pages 778 and 877.
The road unbonded and the roads
whose bonds are all owned were in 1898 (V. 63, p. 775), as follows:
1
Miles.
•
621
Northerly Extension, Alliance, Neb., to Billings, Mont., and branches
8t. Louis Keokuk 4 N. W. (all its $15.">93,800 bonds and stock owned and unpledged' Keokuk, la., to St. Louis, Mo. (Net earnings in 1804-95, $691, 026i.. 22 6
Other lines of moderate earning capacity (Ch. Burl. & K. C, etc.) securities
all or nearly all owned and unpledged
477
Latest Earnings.— From July 1 to Feb. 28 (8 months) earnings,
lnoluding lines controlled, were
8 months.
Charges.
Balance.
Oross.
Net.
1899-00
$32,40^,286
$6,219,323
$12,9<;9,323
$6,720,000
1898-99
29,532,422
11,945,801
6,743,603
5,202,198
Annual Report.— Fiscal year ends Nov.
30. Report for 1898 99 was
In the Chronicle, V. 69, p. 741, 754, (see also editorial, p. 725),
showing operations, Including results of the O. B. <fe N., etc.
1898-99.
Gross earnings
Expenses and taxes
Net
Prop, of exp. to gross earnings
Other inc. (approx. In 1896-7).
1897-98.
$43,389,425
28,135.465
$42,800,162
27,810,886
$15,253,960
$14,989,276
(64-84)
(64-98)
1*96-97.
$35,526,186
22,661,769
$12,864,-117
(634 6 )
487,822
534,161
383,429
Total income
$15,741,782
Int.rent, etc. (appro, in '96-7).
9,013,482
$15,523,437
9,440,645
$13,247,846
9,440.000
$6,082,792
$3,807,846
Balance..:
Dividends
$6,728,300
(6)5,238,371 (4^)3,690,126 (4)3,280,112
Balance
$l,489,t29
Renewal fund
Surplus
-(V. 69,
p.
$1,489,929
741, 754, 795, 1192, 1300; V.
$2,392,666
1,000,000
$527,734
$1,392,666
$527,734
70, p. 75, 175, 279, 739).
Chicago
Az
Eastern Illinois UK.-^.S'ee Man.)— Operates road
(double track to Danville, 106 miles) from Chicago, 111., to Terre Haute
Ind., and the bituminous coal fields. (USee this co.)
Miles. Double track
/og
Lines owned in fee.
Dolton to Altamont, ni
224 Side tracks
331
Ross ville to Sidell, 111
34
Trackage, etc.
Danville, 111., to Brazil, Ind
62 Otter Creek June to Terre H.. 6
Momence to Ind. State line
Dolton to Chioago, Ch.&W.Ind. 17
June Chic. A Did. Coal Ry... 11
Cissna June to Cissna Park.
11
'hie .V Indiana Coal Div., Brazil
to La Crosse. Ind., eto
183
Altamont to Thebes and brs... 163
Total operated Jan., 1900. ...711
History, Leases,
Reorganized under existing title in 1877.
In Nov., 1887, consolidated with two other co's (V. 46, p. 135), and
on June 6, 1894, with Chicago A Indiana Coal RR.
V. 58, p. 987;
also V. 48, p. 334. Also owns $1,000,000 stock of Chic. A Western
Indiana- having all the local trafflo of the latter road from Dolton
Into Chicago. In January, 1890, a ten-year trafflo contract was made
with the Evansville A Terre Haute for the operation of a through line
between Chicago and Evansville. (V. 55, p. 995.) In March, 1897, the
. .
'
|
|
&c—
Paducah A Memphis, 100 miles, was purohased, and in Dec,
1899, merged the controlled companies, the Evansville Terre Haute A
Chicago and the Indiana Block Coal RR. An extension from Marion,
111., to Thebes, 63 miles, connecting with the St Louis Southwestern,
was completed in March, 1900. V. 68, p 231 V. 68, p 771.
Capital Stock.— The oommon stock ($15,000,000 authorized) Is entitled to all surplus after 6 per cent on the preferred stock. In addition
to the amounts outstanding in the table, $3,991,500 common and $628,900 preferred were held In the company's treasury June 30, 1899.
Dividends— > '88. '89. '90. '91. '92 to '97. '98. '99..
1900.
Incl. Apr., 3
On pref.,p. c... > 7*v 6 6 stk. 4^ 6 yearly 6
6
Chic.
;
Common,
2^ 3^
O
p. c... )
Dividend on
common
1^
Jan.. 2
1900, Jan., 2.
Bonds.—The general consol. and 1st mortgage of 1887 (trustee, Central Trur-t 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 traok
also for bonds for equipment at $7,000 per mile and for double track at
$8,000 per mile. In 1897 the total issue of gen. consol. bonds was
limited to $30,000,000 and bonds were reserved for Chioago A
Indiana Coal firsts. See V. 64, p. 1088.
The gen. consols are
a
mortgage on 256 miles of road, including the
first
also
on
line
from Rossville via
Sidell to Altamont,
etc.;
equipment valued at $2,657,000, and upon real estate in Chioago costdouble
track
from
ing over $1,200,000. They also cover 106 miles of
Danville to Dolton, 111., and rest of property subject to prior liens.
General Finances.—This company owns most ot the capital stock
of the Brazil Blook Coal Co., and carries all its coal. It carries also
the coal of the Grape Creek region. On June 30, 1899, Chicago P. A
M. car trust notes (including interest), $317,859.
Earnings.— For 8 months, July 1 to Feb. 28
Gross.
Net.
Other inc. Int., die. Bat., surp.
8 mos.
1899-0
840,020
$3,575,573 $1,697,929 $164,028 1,021,937
1898-9
586,007
1,467,652
132,265 1,016,910
3,124,068
annual Report.— Fiscal year ends June 30. Annual meeting is held
In Chicago on the first Wednesday in June. The annual report for
1898-99 was in V. 69, p. 489. The company receives low rates for Its
freight, the rate per ton per mile being 49-100 of a cent in 1898-99,
51-100 in 1897-98; 51-100ln 1896-97; 54-100 in 1895-96. Of the trafflo
about 64 per cent in year 1893-94 was ooal.
1896.
1897.
Tear end. June 30.
1899.
1898.
522
648
Miles operat. June 30
648
648
Gross earnings
$4,581,560 $4,221,438 $3,927,610 $4,014,624
2,423.915
2,433,888
2,619,632
Oper. exp. & taxes... _2 r 7 1^,920
Netearnlngs
$1,868,640 $1,601,806 $1,503,695 $1,580,736
(60-62)
(61-72)
P. 0. op. ex. to earns.. (59-22)
(6205)
Net(lnol.oth.lnoome).$2,065,329 $1,768,092 $1,661,407 $1,735,380
968,995
1,002,553
Interest paid
1,083,052
1 ,066,399
234,478
241,156
Rentals
229,651
231,567
Div. on pref. stock . (6) 349.842 (6)289,842 (6)289,842 (6) 289,842
Div. on com, stock.. 3^)216.923 (2^)154.945
_
sr.*$'>00,598
8r.$10,602 sr.$127,855 sr.$242,065
Balance
* From which $100,000 was appropriated for additional equipment.
V. 69, p. 280, 489, 905, 1192, 1345.
Chicago Ac Erie
(Sec Map ErieRR.)— Owns from Marion, O.,
to Hammond, Ind., i49 miles, ana leases trackage over Chicago A
West. Indiana to Chicago, 20 miles. Practicalry merged in Erie. RR Co.
Bonds.—The first mortgage (trustees Central Trust Co. and Edward
Daniels) oovers 249 miles of road, the oontract with the Chicago A
Western Indiana, $1,000,000 of that company's stock and $240,000
stock of Chicago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.
Owns Fort
Chicago Fort Madison
I>es ITIolnes
Madison to Ottumwa, la., 71 miles. In Dec, 1899, the Chic Burl. A
Quiney acquired control. (V. 70, p. 75.)
Chicago 4c Grand Trunk Ry.—Owns from Port Huron, Mich., to
Elsdon, 326-5 miles; leases Grand Trunk Junction Railway, 4 mile*,
and trackage Chicago & West. Indiana, 4-5 miles total. 335 miles.
Stock, $6,600,000 in $100 shares.
The Grand Trunk of Canada
in 1899, Jan.,
p.
c; July,
2;
—
RR.—
&
RR.—
;
36
INVESTORS' SUPPLEMENT.
[Vou
hXX
April
KAILKOAD STOCKS AND
19C0.J
Subscribe™ will confer
immediate notice of any error (Uncovered In these Table*.
Bwtds— PnnclINTEREST OR DIVIDENDS.
— pal, When Dae.
Date Size, or
Amount
When
Where
Payable,
Rate per
and by Stocks— Last
of
Par
Outstanding
a great favor by giving
RAILROADS.
Miles
F^r explanation of column headings,
on first page of tables.
<fec,
see notes
of
i
Road. Bonds Value.
Cent.
$546,000
& Or. Trunk— Northwest Gr. Tr., 1st mort
66 1880 $500&o
6
mortgage for $6,000,000, $ (cur.) & *
6
c&r 327 1880 *100&o
5,437,000
2d mortgage (currency)
327 1882 jl.OOO&C
5
c*<tr
6,000,000
New Securities to be issued under Reoroa NIZAT ION PL AN.
Ordinary stock, $6.000,000
6,000,000
IstMorbage, $15,000,000, g., $ (cur.) & £
1899
14,437,000
4g.
Chicago Great Western—
Deb. stock, cum., g., $30,000,000, div. in cash, g.
100 15,700,300
4g.
Debenture scrip (not interest-bearing)
16,152 No lntfst
Preferred stock A, $15,000,000, 5 per cent, gold.
Too 11,371,800 4 in '99
Pref. stock B, 4 per cent $10,000,000
100
7,489,190 ( None,)
Common stock, $30,000,000
100 21,2-4,895 \ paid. \
7
C. St. P. & K. C. equip, lease warrants, assumed.
966,725
Sterling 5-year notes 6s (no mortgage) gold
1896 £100&c
1,454,545
6g.
Sterling 5-year notes 5s of 1898 (no mortgage).
1898 Various
1,100,000
5 g.
notes
1
1899
Sterling 5-year
Various
808,333
5s of 899 (no mortgage)
5g.
1896
70.000
6
C. G.W. equipment lease warrant? $10,000 an'ly
1899 Various
357,510
O.G.W. equipment lease warrants Jan. 1, 1900..
5
Chic. Ind. dk East.— 1st M.. g., $15,000 p. m.IC.c*
28 1895
315,000
1,000
5g.
Chicago Indianap, & Louisville —Com. stock...
100
10,500,000
Preferred, 4 per cent, non-cum., $5,000,000
100
5,000,000
L.N.A.&C, 1st Main Line.—N. A. to Mich. Clty..o* 288 1880
1,000
3,000,000
6
1st M., Chic. & Ind. Dlv., Chic, to Ind., gold..c*
158 1881
1,000
2,300,000
6g.
512 1897
C. I. & L. refunding mort., $10,300,000, gold, 5s.
1,000
3,242,000
5 g.
Do
gold 6s, issued for old consols
512 1897
1,000
4,700,000
6g.
Perry Mathews Busklrk Stone Co., 1st M., guar..
1898
250,000
1,000
6g.
Indiana Stone RR. 1st M. guar
In treasury.
Car trust notes June 30, 1899, $2,652 monthly.
1898
103,787
Chicago Junction— Common stock
100
2,200,000 AJ1 owne
Chic. Ham. & West., 1st M., $2,500,000, g...c*&r
1897 500 &c.
2,000,000
6 g
Chic. Lake Sh. & East.— Divisional bonds (see text)
720,000
6
1st mortgage, red. at par, gold
1897
i'.obo
ITIC.c*
1,200,000
5g.
Equipment, gold, sink, fund (red. at 105.)MC.c*
1897
1.000
1,310.000
5 g.
&
&
&
1st
.
,
gives a trafflo guarantee of 30 per cent of its gross earnings on interchanged traffic.
Reorganization Plan.— The plan issued in Nov., 1899 (V. 69, p,
954,) provides for the foreclosure of the first mortgage, due Jan., 1900,
and the issue of the bonds shown in the table. The Grand Trunk will
give a traffic agreement of 30 per cent of its gross earnings on interchanged trafflo to meet the interest on the new 4s and receive the
$6,000,000 new stock in repayment of advances and full satisfaction
of the floating debt. The old 1st 6s will receive an equal amount of
new 1st 4s (see V. 69, p. 1061,) and the old 2d 5s 75 per cent in Lew
lat 4s. Of the new bonds, $4,500 000 will be issued for double tracking and other capital purposes and $563,000 will be reserved for
North w. Grand Trunk 6 s. Majority <>f bonds deposited Jan., 1900.
Foreclosure suit was begun Jan., 1900. E. W. Meddaugh and H. E.
Joy are receivers. A. Kayser & Co 21 Cornhill, London, E. C. (Martin's Bank, Lim., depository.) and Simon Borg & Co., New York, rep,
resent opposition to plan.— V. 70, p. 39, 75.
Gross, $2,523,040; net, $354,074
Earnings.— 8 mos., ) 1899
Jan. 1 to Aug. 31. 51898
Gross, 2,382,19b; net, 497,892
For year ending Dec. 31, 1899, gross earnings were $3,899,872; net,
$612,026; net revenue charges, $883,012; balance, deficit, $270,986,
paid by Grand Trunk of Canada under traffic agree ment. In 1898,
gross, $3,649,719; net, $759,421. (V. 70, p. 39. 75.)
Chicago Great Western tty.— (See Map.)— Road.—Operates
asterly to
Lines
:
Owned—
St. P.
& Kan.
Chicago to
Trackage,
Mites.
City By.—
Paul, Minn.,
and St. Joseph, Mo
690
Branches to Hayfleld, etc
131
Bee Creek to Beverly (no bds.) . 23
Ohio.
the
from Oelwein, la., northerly to St. Paul,
Chicago and southerly to Kansas City, and embracing
route, radiating
St.
etc.
Miles.
11
Paul to Minneapolis
Chicago terminals (V.65, p. 521) 10
16
Dubuque to Aiken
3
Des Moines terminals
St.
1
Whom.
Payable
Chicago
"Maple Leaf"
37
.BONDS.
J.
J.
J.
<
Dividend.
N. Y. Union Nat. Bk.
&
(
London.
N. Y., Union Nat.
Bk
Jan.
Jan.
Jan.
1910
19C0
1922
1,
1,
1,
1949
J.
&
London, R.Benson & Co, Jan.15,'00,2%
J.
J."&J. London, R.Benson & Co,
;
Jan!31, 6b',2ia
1900-1901
New York City.
M'thly.
8emi-an London.B.Benson&Co 1901 & 1902
1903
London.
Semi-an
1904
8emi-an London or New York.
1900-1906
New York.
M'nthlv
$4,830m'n'hly
M'nthly
St Paul
J. & J. Chic, III. Tr. & Sav. Bk, Jan. 1, lh>35
Mar., 30,'99,
J.
F.
J.
J.
F.
&
&
&
&
&
N.Y.,J.P.Morgan&Co, July
J.
do
do
do
A.
J.
J.
A. A.m. Tr.
&
Aug.
do
July
do
July
do
Sav.Bk.,Chic Feb.
1,
1,
1,
1,
1,
19i0
1911
1947
1947
1908
To 1903
Ry. & Un. Stk. Yds. V. 68,
N.Y.,Cent*l Trust Co. Jan.
J.
J.
J.
M.
J.
&
&
&
A
J.
July
Mch.
July
J.
Chicago, Dl.
8.
J.
do
do
p.
1,
1,
1,
1,
326.
1927
'914
1917
1917
Charges.
Ben' I Fund. 2% on fref. A.
Net.
$284,310
$60,000
$1,323,628 $750,907
227,448
720,331
87,660
1,125,307
Balance, surplus, $228,411 in 1899, against, $89,868 in 1898.
From July 1 to Mar. 31, 1900, 9 months, gross, $5,138,009, against
$4,401,674 in 1898-9; net, $1,743,242, against $1,491,337.
Annual Report. -Report for 1898-99 in V. 69, p. 488, 501, 539.
6 mos.
Cross.
1899... $3,487,459
1898... 2,971,946
Year ending June 30.
Net income
Rentals
equipment)
(incl.
Interest priority loan.
do
sterling, etc.. loans., ..
Int.in cash on 4 p.o. deb. stock...
Div. 4 p.
on pref. stock "A". .
c
Miscellaneous
1897.
1898.
1899.
Total gross earnings
$5,867,739 $5,386,044
1,435,671
1,720,224
448,613
450,177
141,157
141,158
111,062
157,962
1396,524
498,002
454,896
8,873
$4,680,859
1,100,272
434,207
141,158
69,594
1364,541
$90,772
Balance
$338,315
IT $9,156
Also interest amounting to $95,880 in 1897-8 and $118,411 in
1896-7 was paid with scrip convertible into debenture stock at par:
IT After paying interest on all the 4 per cent debenture stock and 4
per cent on all preferred "A" stock issued and issuable.
A. B. Stickney, President, St. Paul, Minn. New York Transfer office,
18 Wall Street.-(V. 70, p. 75, 125, 279.)
Chicago
& W. UK.— See Chicago Junction Rt.
Chicago Indiana
Eastern Ry.— Owns Converse, Ind., to
Matthews, 28 miles, of which Swayzee to Converse, 6 miles, completed
in Dec, 1899. In Mar., 1900, extension proposed from Matthews
to Bichmond, 51 miles. 8tock authorized. $10.000 p. m.; issued Mar.,
1900, $420,000. Pres.. Paul Brown: Sec. J. H. Miller; Gen. Mgr.. H. E.
t
Hammond
&
Drew.
Office.
Matthews. Ind.
Kansas City.. 46
Chicago Indianapolis &. Louisville Ry.— ('See Map.)—Operates the -Monon Route" from Chicago, 111., viaMonon, Ind., to Indian-
930
Total operated
The Leavenworth Terminal Ry. & Bridge is used into Leavenworth.
History.—The Chicago St. Paul & Kansas City was organized in
May, 1886, and in December, 1887, merged with Minnesota & North
western. In August, 1892, reorganized per plan, Vol. 55, p. 856. Each
#1,000 of Minn. & N. W. and Chi. St. P. & K. C. first mort. bonds was
given $500 debenture stock and $600 pref. "A" stock.
On Sept. 7, 1893, the Great Western aoquired by deed the title of the
•Chicago St. Paul & Kansas Citv Ry. (81567 miles), subject to the
mortgage bonds, of which it owns all except $1,000. It also acquired
and Louisville, Ky.. with branches—the system including
Miles.
Lines owned
Miles.
Oper. under contract
Indiana State Line to Indianap.162 Chicago to Ind. State Line
20
New Albany to Michigan City .289 New Albany to Louisville
5
2
Bedford to Switz City
40 Connection in Tndianapolls
Orleans to Fr. Lick Springs
18 Clear Creek to Harrodsb'g, Ind. 10
Leavenworth
to
the title totheLeav. & St. Joseph Ry. (23 miles) .which Is unencumbered.
Securities.—The holders of debenture and preferred A stock appoint the finance committee, which exercises general supervision of
finances. Additional securities of said issues can be put out, but only
with consent of a majority of both said classes of stock present at a meeting. Securities of other issues having a 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 stock and 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. The provisions
cf the several classes of stock and of the trust deed were fully set
forth in the editorial article of the Supplement for October, 1897.
In 1898 the authorized issue of 4 p. o. debenture stock was increased from $15,000,000 to $30,000,000 for future refunding and improvements. See General Finances below.— V. 66, p. 133, 663, 1088.
Cash interest resumed on all debenture stock and all the preferred
"A" is entitled to cash dividends since July 1, 1899.— V. 67, p. 1206.
Dividends.— On pref. "A" paid Jan ,1899, 2p.c; in July, 1899 2 p. o
In Jan., 1900, 2ia p. c. (V. 69, p. 1193 ) Full dividends are expeted
to bf> paid in July on both the "A" and "B" stooks, and the earnings for
the six months to show a surplus after meeting these requirements.—
;
V. 70, p. 279.
Finances.—The deb. and pref. "A" stockholders voted Jan. 30, 1899,
to Issue $8,000,000 debenture stock. In order to refund in the near
future the following securities: Oh. St. Paul & K. O. 5s, subject to call
at 105, $2,823,150; equipment lease warrants, $l,673,<iOC; sterling.
loan 6s, $1,454,000 gold notes 5s, $1,100,000, and for improvements.
V. 68. 186. Of this new stock, $3,300,000 was sold in 1899 to retire the
$2,823,150 priority loan (the only mortgage debt), called and paid
Jau. 1, 1900, and on Jan. 24 the stockholders authorized tne issue of
$2,000,000 additional debenture stock for capital expenditures of
1900, additions and improvements, any surplus to be held available
for similar expenditures in the future. V. 70, p. 279. By improvements of the permanent way, etc, operating expenses were reduced
in 1898-9 to 67-21 per cent of earnings, against 7013 per cent in
1897-8 and 77-47 in 1894-5.— V. 69. p. 501.
The main line of the Wis. Minn.
Pac. extending from Red Wing,
Minn., to Mankato, 93-7 miles, purchased from the Chic R. I. & Pac
toy f j lends of the C. G. W. has been operated since June 1, 1899, in con
fflection with the latter, but the earnings kept separate.
V. 68, p. 976
Earnings.—Approximate statement for 6 mos. ending Deo. 31, 1899:
;
&
apolis, Ind.,
—
—
546
Total of all
years with Chicago & Western Indiana (of whose stock
this co. owns $1,000,000) gives entrance to Chicago on a mileage basis.
Indiana Stone RR., total stock and bonds owned, is leased.—V. 69, x>-692
History.—Successor July 1, 1897, of the Louisville New Albany A
Chicago Ry., foreclosed and reorganized per plan in V. 63, p. 922. In
April, 1899, control was acquired by J. P. Morgan <fe Co. The road
will be operated independently but under close relations with other
lines held in the same interest. V. 68 p. 822; V. 69, p. 1 29
In Apr., 1900, the legality of the foreclosure was sustained: appeal
will be taken to the United States Supreme Court. V. 70, p. 036.
Dividends.— On pref.. first dividend Mar. 30. 1899.— V. 68. p. 473.
Bonds.— Refunding mortgage covers road, equipment, etc. (including
$1,000,000 stock of Ch. & W. Ind and $240,000 stock of the Belt
Ry.' of Chicago)
total authorized issue is $15,000,000, of which
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be issued only for betterments and equipment, not to exceed $300,000 in any one year, $2,091,000. Trustees are Central Trust Co., N.
Y.. and James Murdock, of Lafayette, Ind.
General Finances.— See statement to N.Y. Stock Exchange In July,
1897.—V. 65, p. 194. Bills payable June 30. 1899, $391,027. There
were also $73,991 old car-trust notes of 1896 and $103,787 car-trust
notes of 1898, payable $2,652 monthly, with interest.— V. 69, p. 692.
Earnings.— (8 mos.),
; 1899-0.. Gross, $2,770,839; net, $1,062,296
63?, 305
July 1 to Feb. 28.
2,254,595; net,
5 1898-9. .Gross,
Annual Report.— In V. 69, p. 692, showed
1895-96.
1896-97.
Tear end. June 30— 1898-99.
1897-98.
Gross earnings
$3,501,120 $3,323,671 $2,902,760 $3,291,972
1,111.5S3
Net earnings
860,322
967,663
1,146,170
70,800
Dividends received...
74,400
75,038
86,687
A lease for 999
;
Total net income. $1,232,857 $1,042,701
Interest on bonds
Rentals, eto
Total
Surplus
-(V. 69,
752,700
205,409
$958,109
$274,748
p. 78, 129,
692; V.
745,450
208,122
$934,722 $1,182,383
773,496
77.1.450
225.991
234,334
$953,752 $1,009,784 $1,019,487
$162,896
$89,129 def.$75.062
70, p. 381, 686.)
Chicago Junction Railway.— Owns and
operates a belt line
around Chicago from Whiting, Ind., to Franklin Park, III., and in the
Union Stock Yards district connects with industries and all diverging
roads. Total mileage operated, 6403 miles, of WDich Terminal BR..
Union Stock Yards to Chappell, 1008 m.: East Chicago Belt RR.. 8tate
Line to Graseelli Chemical Co., 3*62 m.; Calumet Terminal RB„ trackage. Blue Islaudtp McCook. 13-84 m.: Chic. A- Ind. State Line By.,
leased from Chic. Junction Ry. & Unlou Stock Yards Co.. 1176 m.j
Whiting to Blue Island, 14-21 m MoCook to Franklin Park, 1052 m.
;
30
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
April, 1900.J
RAILROAD STOCKS AND BONDS,
3»
40
INVESTORS'
SUPPLEMENT
LXX.
[Vol.
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
RAILROADS.
Miles
Date
Size, or
Amount
For explanation of column headings, &o., see notes of
Par
of
Outstanding
on first page of tables.
Road. Bonds. Value.
Chicago Milwaukee
<& St.
Paul—Common
stock.
$100
100
....
....
Preferred stock 7 per cent yearly, not cumulative.
& St. Paul loansRiver Div. (St.P.&C.) 1st M. con. into pf.stk.g.c*
Hastings <fe Dakota 1st M., conv. into pref. st'k
Milwaukee
129
o*
"83
Prior lien consols, convertible into pref
Consol. mort. conv. into pref. stock
c*
I. & D. Ext. 1st M., convert, into pref. stock. c*
8. W. Div. 1st mortgage Western Union RR..0*
So. Minnesota Div. 1st mortgage
c*
Mineral Point Division 1 st mortgage
c*
Hast. & Dak. Di v. ext. 1 stm. ($990,000 are 5%) c*
Lacrosse & Dav. Div. 1st mortgage
o*
Wisc.Val.RR.Co. IstM., Tomah to Merrill, Wis.o
Wis. Val. Div.let M. s. f., not dr'n
o*
Dub. Div. 1st M., s. f., not dr'n
o*
Chic. & Pac. Div. 1st M. (Chic, to Kittredge)..c*
do Western Div. 1st mort., (see text) gold .o*
Chic. & Lake Superior Div. 1st mort., gold... C
Wis. & Minn. Div. 1st mortgage, gold
Fargo & Southern 1st mort., gold, assumed
Ch. Mil. <fe St. P. Terminal mortgage, gold
c*
Dakota & Great Southern 1st mortgage, gold
Chicago & Missouri River Div. 1st mortgage... o*
Inc. M.,convert., s. f $80,000 yearly (dr. at 105)o*
Gen. mort. (for $150,000,000), gold Series A.c*<fcr
do
do
"B" (3^s, is8uedinl899).c*
Milw. & North'n 1st mort., Schwarz.to Gr. Bay..c*
Consolidated mortgage
o*
Chicago <6 Nor. Pacific— See Chic. Terminal Tra
1,435
Chio.
& Mil.
1st mort. (conv. into pref. stock)..
&
Chicago Milwaukee
St.
1,435
335
212
419
133
395
185
107
161
351
120
,
1,117
68
230
119
159
77
525
.
5,722
5,722
126
362
NSFER
Francis Hyde, N. Y.); entire capital stocks of Hammond & Blue Island
RR. ($400,000) and H. & B. I. Ry. of Indiana ($80,000) being deposited
as security. V. 64, p. 287. Equipment trusts $98,458, due Jan. 1, 1900,
Earnings.— For year ending June 30, 1899, gross, $1,728,533 net,
5»862,629; taxes, $13,205; charges, $702,806; surplus. $146,618.
From Apr. 1 to Sept. 30, 1898,6 mos., gross, $806,725; net, $428,121;
Officers.—John A. Spoor, President; James H. Ashby, Vice-Pres.;
C. O Chace, Auditor; L. T. Dudley, Treas.—V. 67, p. 1262; V. 68, p. 326.
< liieaeo Kalamazoo & Saginaw Ry.— Projected from Kalamazoo, Mich., to Saginaw, Mich., 125 miles, of which 45 miles,
Kalamazoo to Woodbury, in operation. In January, 189R, $450,000
stock was outstanding. The first mortgage is for $225,000 to Union
Trust Co. of Detroit, as trustee; bonds all in treasury; bills payable
Jan. 1, 1898, $508,425. In 1897, gro ss, $56,606; net, $18,674. Operated by Kalamazoo & Hastings Construction Co. President, E. Woodbury; Treas. and Secy. H. C. Potter, Kalamazoo, Mich.— (V. 61, p. 1063.)
C'klcaso Lake Shore
Eastern Ry.—Embraces 15904 miles
of track, connecting the various works of the Illinois Steel Company at
Chicago, Joliet and Milwaukee with diverging trunk lines, and also
with steamship lines, stone quarries, industrial establishments, etc.;
also by trackage rights over 149-54 miles of roads reaches the coal
fields of Illinois and Indiana and Joliet, 111., handling between South
Chicago and these points a large volume of business for the Illinois
;
&
Company.
and all the bonded debt are owned by the
thus controlled by the Federal Steel Co.
Equipment, Dec. 31, 1899 Locomotives, 54; freight cars, 3,077;
cabooses, 11; steam wrecker, 1.— V. 64, p. 422; V, 67, p. 428, 483.
The entire
stock, $600,000,
Illinois Steel Co.,
and
is
:
Chicago Milwaukee
&.
St.
Paul Ry.— ("See Map.)— Operates
from Chicago westerly to Omaha, Neb., and Kansas, City. Mo., with
lines, traversing Wisconsin, Minnesota and the Dakotas, including:—
Boad.
Lines owned
Miles.
which 11
Road.
2nd & 3rd tracks
Miles.
259
Trackage (includ. 2d track)... 62
History, &c—The Milwaukee & St. Paul RR. Co. was organized May
5. 1863, and on Feb. 11, 1874, took its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The sale of the Milwaukee & Northern to the St. Paul was
ratified in September, 1893. In 1899, all the stock and bonds of the
Des Moines Nor. & West, 147 miles, were aoquired, the C. M. & St. P.
taking possession July 1. 1899.— V. 68, p. 40, 975. Late in 1899 extensions from Rockwell City to Storm Lake, Iowa, 39 miles, and Fonda,
Iowa, to 8pencer, 44 miles, were opened, and extension of Liberty ville
line to Fox Lake, III., 20 miles, was also almost completed. V. 69, p.
1103. In July, 1899. extension from St. Paul to Duluth was being considered. See V. 69, p. 179. The stockholders voted Sept. 23, 1899, to
merge by consolidation the leased lines in Illinois, V. 6 *, p. 228, 694:.
In March, 1900, the Janesville & Southeastern RR. was incorporated
with $2,000,000 stock to build a road from Janesville 35 miles southeast to Bloomfield, in the interest, it was reported, of the C. M. & 8t. P.
In March, 1900, extensions from Elgin, 111., to Delavan Lake, Wis., 45
miles, and one irom Bowdie, 8. D., west to Missouri River, about 50
miles, was reported to be proposed.
Capital Stocks.—The preferred stock has a prior right over the
common stock to a dividend of not over 7 per cent from net earnings in
each year, but if not earned it has no cumulative right. After payment
Of 7 per cent on preferred and 7 on common, both classes share pro rata.
Common stock authorized, $47,062,560. Preferred stock on Dec. 31,
1873, was $12,274,483
it has been increased to present figures
almost entirely by exchange of convertible bonds for stock, only about
$5,000,000 having been issued for other purposes (improvements, etc.)
In July, 1899, $15,775,000 prior lien bonds outstanding were exchangeable for preferred.
Drvs. 8ince'89. V90. '91. '92. '93. '94. '95. '96. '97. *98. 99. 1900.
On common. >
2
4
4
4
2
5
5
5 Apr.,2i<2
On preferred. J 7
7
7
7
7
7
7
7
7 7 Apr., 3 Si
Bonds.— Abstracts of some of the older mortgages were publlshed in the Chronicle, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830.
The following bonds are convertible into preferred stock at any time
within ten days after a dividend shall have been declared and become
payable on the preferred: Iowa & Dakota Extension 7s, River
Division 7s, Chicago & Milwaukee 7s ot 1903, Hasting & Dakota 7s of
1903 and Ch. Mil. & St. P. consols of 1875. The consols of 1874 also
are convertible into preferred within 15 days after dividend day. The
convertible bonds were fully described in Supplement for Mar. '93, p. 2.
Chicago dk Pacific Western Division 1st 5s were issued at $20,000
per mile for road, with additional amounts for equipment and
bridges no further bonds can be issued. The mortgage covers the
following miles of road: Farley, la., to Kansas City, Mo., 341 miles;
Marion, la., to Council Bluffs, la., 262 miles; Astor, la., to Aberdeen,
North Dak., 352 miles; branches 162 miles; total, 1,117 miles.
miles
(of
owned jointly)
6,303
;
London and New York. Jan.
N.Y.,Office,30 Broad St. Jan.
7
7
1874
1,000
160,000
7
1875
1,000
8,427,000
7
1878
1,000
2,843,000
7
1879
1,000
4,000,000
6
1880
1,000
7,432,000
6
1880
1,000
2,840,000
5
1880
1,000
6,670,000
&
1879
1,000
2,500,000
5
500
1879
1,106,500
7
1880
1,000
2,205,000
6
1880
1,000
6,142,000
6
1880
1,000
3,000,000
6
1881
1,000
25,340,000
5
1881
1,000
1,360,000
5
1881
1,000
4,755,000
5
1883
1,000
1,250,000
6
1884
1,000
4,748,000
5
1886
1,000
2,856,000
5
1886
1,000
3,083,000
5
1886
1,000
236,000
5
1889
1,000
24,000,000
4
1889
1,000 a9,683,000
3ifl
1880
1,000
2,155,000
6
1,000
1884
5,092.000
6
RR. alnclud ing June 30, 1899,
Organization.— Formed in March, 1898, as a consolidation of the
Hammond & Western and Chicago & Indiana State Line in
the interest of the Chicago Junction Rys. & Union Stocks Yards Co.
Leases and operates, in addition to the lines owned in fee, all the
switching and terminal transfer roads owned by the Stock Yards Co.
Bonds.— First mortgage of C. H. & W. is for $2,500,000 (trustee, E.
O. N.Y.Offlce ( 30 Broad St. Ap.20'00,2i2%
Ap. 20-00,312%
O.
do
do
7g.
,785,000
80,000
1,566,000
]
1,000
Chicago
Steel
7
Paul loans-
,
,
1873
&
&
A.
A.
5
36,305,400
$& £
1872
,Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate
When Where Payable, and by Slocks— Last
Dividend.
Per cent. Payable
Whom.
& J.
& J.
&
& J.
& J.
& J.
& J.
& J.
& J.
& J.
& J.
&
& J.
& J
& J.
& J
& J.
& J.
& J
& J.
&
& J.
& D.
& D.
J.
J.
J.
J.
J.
J.
g.
g.
gg.
g.
g-
J.
J.
J.
J.
J.
J.
J.
J.
do
do
Jan.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
July
July
July
Jan.
July
Jan.
July
Jan.
Boston, Lee Higginson.
N. Y. Office, 30Broad St. July
July
do
do
Jan.
do
do
Jan.
do
do
July
do
do
July
do
do
Jan.
do
do
July
do
do
do
Jan.
do
July
do
do
Jan.
do
QO
.
1,
1,
1,
1, 1904
1, 1905
1, 1908
1, 1909
1, 1910
1, 1910
1, 1910
1, 1919
1, 19091, 1920
1, 1920
1, 1910
1, 1921
1, 1921
1, 1921
1, 1924
1, 1914
1, 1916
1, 1926
1, 1916
1, 1989
1, 1989'
1, 1910
1. 1913
May
do
do
May
do
do
N.Y., Ch.Mil.& St.P.Ry. June
June
do
do
507,000 in treasury and not lis ted, see
gg-
$7,
1903
1903
1903
text.
Terminal five per cent bonds of 1884 cover terminal property
hundred acres in Chicago and Milwaukee.
The general mortgage of 1889 (see abstract in V. 48, p. 830) is for
$150,000,000, to the United States Trust Co., of New York, as trustee „.
and covers the entire railway property and franchises of the company
(therein described) subject to prior liens as below mentioned. The
prior lien bonds cannot be extended, but will be paid off at maturity.
On June 30, 1898, the following amounts of general mortgage bonds
had been issued or were reserved for the purpose indicated, viz :—
Listed on New York Stock Exchange
$26,176,000
7,507,000
In treasury of the company (unsold)
of several
Tot il reported by the company as outstanding
Reser' edforprior liens
Origin .illy reserved for prior liens.which Have since been }
converted into pref. stock. Will eventually become >
available for improvements. (See also below)
)
Available for improvements, etc. (see also below)
$33,683,000
95,297,500
17,906,500
3,113,000
$150,000,000-
Total authorized
The $33,683,000 outstanding include $6,000,000 issued to pay for
178 miles of sundry small branches on which the general mortgage is
a first lien, and to retire the $2,500,000 first mortgage bonds of
Chicago Evanston & Lake Superior Ry., a Chicago suburban road,
also $4,232,000 issued to replace prior bonds paid and canceled.
The $3,113,000 "available for improvements, etc.," of bonds above
mentioned are applicable for premiums paid in retiring or refunding
convertible and other prior lien bonds bearing a higher rate of interest than 4 p. c, for cost of branches, second and side tracks, real
equipment, etc. On July 1, 1899, of the$15,775,000 (maturing 1902-1908) were
convertible into preferred stock if from time to time so converted
they will set free a like amount of general 4s which, with the $17,906,500 reserved against bonds already converted, will become available
for improvements, additions, etc., as soon as the balance ($3,113,000)
of the amount originally reserved for improvements has been so expended. V. 48, p. 830; V. 50, p. 205. N. Y. Stock Exchange to
Oct., 1899, had listed $26,176,000 generals—see "General Finestate, bridges, rolling stock,
prior lien bonds outstanding,
;
ances," V. 65, p. 462,
General Finances,
and V.
66, p. 335.
&c—Dividends on common stock were resumed
See "dividends" above.
in October, 1892.
The funded debt was increased during the year 1898-99 by the issue
of $4,509,000 of general mortgage bonds and was decreased $4,871,000 by underlying bonds retired and canceled; of the latter $3,777,000 were converted into preferred stock and $897,000 into common
stock. Of the funded debt there was in the treasury June 30, 1899.
$8,596,000 (against $6,587,000 June 30, 1898), of which $7,183,000was general mortgage 3*28 and $324,000 gen. M. 4s.
Average freight train load in 1898-9 was 190 tons; rate per ton per
mile, 0-937 oents in 1897-8 train load, 178 tons; ton rate 0972 cents.
Gross, $28,664,903 net, $9,940,134
Earnings.— 8 mos. ) 1899-0
July 1 to Feb. 28. \ 1898-9... .Gross, 25,854,576; net, 10,295,727
Annual Report.— Fiscal year ends June 30. Annual meeting is
held in September. Report for 1898-99 was given in full in V. 69, p.
538, 544. See also editorial, p. 520.
;
;
Miles operated
1898-99.
6.154
$6,778,921
28,773,222
2,758,489
June 30
Passenger earnings
Freight earnings
Mail, express, Ac, earns
1897-98.
6,154
$5,986,840
25,468,852
2,733,972
1896-97.
6,154
$5,717,496
22,104,803
2,664,469'
$38,310,632 $34,189,664 $30,486,768
$4,334,955
$4,642,275
$5,100,169
2,464,839
2,918,524
3,435,151
9,898,952
10,908,170
Transportation, gen. exp.,etc. 11,682,455
1,184,231
1,134,131
Taxes
1,186,166
200,000
1,125,000
Renewal account
1,925,000
494,562
473,468
633,896
Miscellaneous
Total earnings
Maintenance of way
Maint. oars and engines
$23,962,837 $21,201,567 $18,577,539'
$14,347,795 $12,988,097 $11,909,229
(60-94)
(62-55)
(6201)
162,822
131,018
117,410
Total expenses
Net earnings
Perct. of op. exp. to earns
Other income
Total net income
Interest
on debt, etc
Balance for dividends
$14,465,205 $13,119,115
7,190,413
6,890,120
$12,072,051
7,488,747
$5,928,702
$4,583,304
$7,575,085
dividends paid during fiscal tear.
Common
(5)$2,318,980(5ia)$2,531,463(4)$l,841,09O
(7)2,278,931 (7) 2,104,245(7) 1,896,363
Preferred
Total dividends
;
—
$4,597,911
$4,635,708
$3,737,453^
Pres.. Albert J. Earling Chairman of Board, Roswell Miller.
(V. 69, p. 228, 538, 544, 591, 694, 955, 1103; V. 70, p. 39.)
;
Chicago
& North. Pacific RR.— Chloago Terminal Transfer RR.
o
Apbil, 1900.]
RAILROAD STOCKS AND BONDS.
41
48
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds—PrinciRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
For explanation of oolumn headings, Ac, see notes
of
of
Par
Outstanding Rate per When Where Payable, and by
on first page of tables.
Road. Bonds Value.
Cent.
Payable
Whom.
—
A North Western Common stock
$100 $39,114,678 5 in 1899
4,273
Preferred stock (7 p. o. yearly, not cumulative) . 4,273
100 22,395,160
7
Bonds issued ana assumed by Chic. <k N. W.
12,832,000
Oh. A N. W. con. s. f. M. ($12,900,000), not dr'n.o- 788 1865
1,000
Cedar Rapids & Missouri Ri v.— 1st mort. 3d Div. 150 1866 500 Ac.
2,332,000
Mort. of 1884, Ced. R. to DesM. River
769,000
122 1884
Iowa Mldl'dlstM., Lyons to Anamosa (assumed)
941,000
1,000
71 1870
Madison ertens.lst M., g. (s.f. $23,000, not dr*n) 129 1871 500 Ac.
2,977,500
Menominee ertlst M., g. (s. f 820,000, not dr'ni 114 1871 500 Ac
2.546,500
3,365,000
Northwest Union l8tM.,g.,Mil.toFond-du-Lac
62 1872 500 Ac.
Ohio. & N. W. gen. oonsol. M., g. s.f., not dr*n c*Ar 1,637 1872
500Ao.
8,710,000
General mortgage of 1897, see next page.
560,000
Menominee River 1st M., two series (assumed)
31 '76*80
7
Mil. A Mad. 1st M., Mil. to Madison (assumed) .c*
1,000
1,600,000
6
82 1880
Chloago A Tomah 1st mort., guar, (assumed)... >
1,528,000
6
J1880
152
Chicago Milwaukee A N. W. construe do
e 601,000
. . .
6
U882
Esoanaba A Lake Superior RR. 1st M., (assumed)
1,000
373,000
43 1881
6
600,000
Des Moines A Minn. 1st M.,Des M.to JewellJc.Ao.
1,000
57 1882
7
OttumwaC.F.ASt. P. l8tM.($25,000p.m.),gu..c*
1,000
1,600,000
64 1884
5
Northern 111. 1st M. ($20,000 p. mile), assumed o*
1,000
1,500,000
76 1885
5
Mllw. L. 8h. A W., Oonsol. M7 (now 1st) gold...c*
5,000,000
413 1881
1,000
£ g
Michigan Div. 1st mort. (for $3,000,000), g..o*
1,281,000
1,000
82 1884
Ashland Division 1st mortgage, gold
1,000
1,000,000
40 1885
o*
g
i g
436,000
Deben. (see text) seoured by mort of '89, g. ..c" 693 1887
1,000
K
Ext. A Imp. M. for $5,000,000, g., s.f. not dr'n.o* 693 1889
1,000
4,148,000
g
Income bonds (not cumulative)
1881
1,000
500,000
r
l
Marsh. Ex.lstM.for $600,000 ($15,000 p. m.) .0* "40 1892
400.000
1,000
5
St. Paul Eastern Orand Trunk— See statement for th at com pany.
C.AN.W.6.f.b'ds of '79($15,000p.m.)red.atl05.c<fcr 1,041 1879 1,000 Ac 12,995,000
5 A6
4is
665,000
Iowa Div. 1st M. for $1,411,000 ($20,000 p.m.)o*
1,000
71 1891
Sinking fund debentures, 1933
1883 1.000&C
9,800,000
o**r
5
25-year debentures
o*<fer
1884 l.OOOAc f5,369,000
5
In addition to bonds outstanding as above, t he sin king f undJ'ly 1, 1899, he ldb.,$17
Chicago
A
J.
do
do
Q.-F.
M. A N.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
$135.00
i
.
1
,
. .
. .
-
-
-
&
Chicago North "Western Ry.— (See Map.)— Operates an important system of roads uniting Chicago, 111., with Omaha, Neb., St.
Paul Minn., with the great wheat belts of Dakota, Nebraska, etc, and
with the mining regions of Michigan and the Black Hills, including—
Miles. Controlled by stock,
Miles.
Road owned in fee
Main lines, etc
operated separately
4,138
Entire stock owned
Fremont Elk Horn A Mo. Val. 1,301
Winona & St. Peter
449 Sioux City A Pacific
107
724
Dakota Central
Princeton & Western
16
Total of all Jan. 1, 1900... 6,735
532
2d track
Also has large interest in ChiTotal lncl. In earns
5,327
cago St. Paul Minneapolis A
Omaha, 1,538 miles.
Of the mileage shown above as of Jan. 1, 1900, 250 miles were
opened on the C. A N. proper since the close of the fiscal year and 48
on the C. St. P. M. A Om., and additional lines were then under construction. The Sioux City A Pacifle is to be improved and extended if
complete ownership can be obtained. V. 69, p 1147; V. 70, p. 739.
In Oct.. 1899, the Boyer Valley Ry., 90 miles, and the Minnesota A
Iowa Ry., 119 miles, were under construction, their bonds to be Issued
at the rate of $16,000 per mile to b* guaranteed, principal and interest, by the C. A N., which will probably absorb the roads after completion. In Aug.. 1899, the Boone County Ry., incorporated in the interest of the O. A. N. had under constni ction 7* o miles.— See V. 69 p. 290.
History, Ac—The Chicago A North Western Railway was organized
In 1859, and has since absorbed many other roads.
Da December, 1882, a controlling interest was acquired In the stock of
the Chloago St. Paul Minneapolis A Omaha Co. which see.
In July, 1884, the capital stocks (except a few shares) of the Fremont Elkhorn A Mo. Valley and the Sioux City A Pacino were acquired
on the terms stated in the Supplement of June, 1885, and prior issues.
Their securities, except those held bv Chic A N. W., are in table above.
In December, 1891, the Milwaukee Lake Shore A Western RR. was
bought by an exchange of stock. See V. 57. p. 375; V, 56, p. 792.
In Feb., 1900, the lines of the Dakota Central RR. in North and
South Dakota were merged in the Winona & St. Peter RR.
Capital Stock.—Of the common stock $2,333,688, and preferred
$3,795 remained in the oo's treasury in July, 1899. Pref stook has a
Srior right to 7 p. c; then common 7 p. c; then preferred 3 per cent;
ten common 3 per cent; then both classes share.
DIVIDENDS— '83. '84. '85. '86to'93. '94. '95. '96. '97. '98, '99. 1900.
6*q 6 yearly
4
5
3
5
5
5 Jan.,
Common..
7
7
7*2
Preferred.
8
8
7 yearly to April, 1900, inclusive.
BONDS.— General Mortgage.— See Abstract in V. 65, p. 1175.
The authorized issue Is $165,000,000 (United States Trust Co., trustee).
$131,640,000 are reserved to retire underlying bonds, and remainder
for additions and Improvements, $4,000,000 at once and $1,000,000
a year thereafter. The bonds may be issued bearing such rate of Interest as shall be deemed advisable. See V. 65, p. 1070. The tlrst issue
of $20,000,000, bears 3^ per cent (reg. interest Q.— F., coupon M.AN.).
V. 65, p. 69, 111, 571. Up to April, 1900, $9,347,000 had Oeen listed.
—
—
—
—
,
i
,
,
.
V. 67, p. 125.
The sinking fund bonds of 1879 are secured by deposit
in trust
mortgage bonds at $15,000 per mile on subimportant being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $6,069,000 are 6s
the sinking fund is at least 1 per cent of outstanding bonds, which
are subject to call at 105; and through its operation the amount
outstanding has been reduced from $15,000,000 to the present figure.
The sinking fund debentures of 1933 have a sinking fund of $200,000
per year, if they can be redeemed at 105. These, as also the debentures of 1884 and 1891, will be seoured by any future mortgage
excepting any mortgage " for the enlargement, improvement or extension of the company's property." See description of all the debentures
on page 2, Supplement of April, 1895. The 25-year debenture mortgage of 1884 was for $6,000,000, but reduced by sink, fund purchases.
The extension bonds of 1886 are secured by deposit in trust of first
mortgage bonds at a rate not exceeding $20,000 per mile. Included in
the collateral June 1, 1896, were $10,675,000 Fremont Elk Horn A Mo.
VaUey lsts and $2,560,000 Wyoming Central lsts [the Wy. Cent, having been consolidated with F. E. A M. V.], etc. To Jan., 1900, Extension 4s for $18,632,000 had been listed on N. Y. Stock Exchange, of
which, July 1, 1899, $1,143,000 were held alive in sinking funds. See
Union Trust Co. of N. Y., trustee.
F. E. A M. V. bonds below.
The Fremont Elkhorn dt Missouri Valley consols have a first Hen on
1,170 miles (Fremont, Neb., to Dead wood, D. T., 557 miles, and
branohes to Hastings, Albion, Ac, 613 miles), but besides the amount
Df $15,000,000 of 1st
sidiary lines, the most
of issue given as outstanding in the table $10,675,000 are held as part
collateral for Chicago A Northwestern extension bonds of 1886. The
Northwestern assumed $3,600,000 of the Fremont Elkhorn A Missouri
Valley bonds and guarantees the rest. See guaranty V. 56, p. 650.
The Milwaukee Lake Shore <6 Western debentures of 1887 were by
their terms convertible into M. L. S. A W. stock, but North Western
officials state that the bonds are not convertible into North West stock.
Land Grant.— Lands and lot sales in 1898-99 $199,192; net cash
receipts $602,103; due on contracts of sale. $724,657; lands unsold
and unoontracted for May 31, 1899, 647,975 acres.
J.
M.
M.
M.
J.
F.
M.
M.
M.
J.
M.
F.
F.
M.
A.
A.
A.
M.
M.
Due.
Stocks— Last
Dividend.
N.Y.,Co.*BOffloe,52WaIl Jan. 5, '00,
J.
Q.-J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
pal, When
D.
O.
O.
D.
S.
D.
J.
S.
N.
N.
J.
A.
S.
S.
N.
J.
S.
A.
A.
N.
O.
O.
O.
N.
N.
2,500; c
,$150,500; d.,
Apl.6*00,l\
Deo.
1,
1,
1,
1,
1,
1,
1,
1,
1915
1916
1909
1900
1911
1911
1917
1902
July
1,
1906
1905
1905
1905
1901
1907
1909
1910
1921
1924
1925
1907
1929
1911
Feb.
May
June
Oct.
Apr.
June
June
Sept. 1,
Nov.
Nov.
July
Feb.
Moh.
Moh.
May
July
Moh.
Feb.
Feb.
May
Oct.
Oct.
Apr.
May
Nov.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1, l')22
1.
1,
1,
1,
1929
1902
1933
1909
0;e.,$149,000.
General Finances.—The first issue of ($20,000,000) refunding bonds
per cent interest was sold to provide for $18,015,500 old bonds
If the entire issue of $20,000,000 is re1, 1902.
quired to refund these old bonds the saving in interest charges will be
about $530,000 per annum— see " b< nds " above and V. 65, p. 69, 111.
Maple River first 7s for $402,500 fell due July 1, 1897.
In 1898-99 the average freight train load was 208 tons, against
194 tons in 1897-8; rate per ton mile, 0*87 of a cent. In calendar
year 1899 of 20,621,358 tons of freight carried, mineral products furnished 39 p. c, agricultural products 18 p. c, forest products 9 p. c
and manufactures 12 p. c
Earnings.—Jan. 1 to Feb. 28, 1900 (2 months), gross, $6,095,826,
against $5,521,020 in 1899. For calendar year, V. 70, p. 202.
Tears.
Gross.
Net
OVges(net). Dividends.
Bat., sur.
1899
$41,806,761 $14,846,023 $5,966,907 $3,718,832 '$5,160,284
1898
37,496,980 13,038,433 6,499,647 3,521,581
3,017,205
+t 3tfl
maturing up to Dec.
* From surplus in 1899, $1,000,000 was paid for new equipment.
Annual Report.—Fiscal year ends May 31. The annual meeting
held the
first
is
Thursday in June. The report for 1898-99 was given at
length in V. 69, p. 226. 279, 287.
See also editorial, p. 259.
NORTHWESTERN PROPER.
CHICAGO
Year ending May 31.
1899
1898.
1897.
Average miles oper..
5,077
5,071
5,031
<fc
Passenger earnings.. $8,067,627 $7,256,299
Freight
28,155,677 27,035,105
Mail, express, Ac... 1,793,010
1,759,156
$6,963,578
22,236,612
1,777,053
1896.
5,031
$7,408,827
24,354,622
1,725,312
Total earnings... $38,016,314 $36,050,561 $30,977,243 $33,488,761
Oper. expenses
$23,658,042 $22,643,879 $18,877,089 $20,373,402
Taxes
1,170,672
1,102,606
1,061,732
1,075,569
Total expenses.. $24,828,714 $23,746,485 $19,938,821 $21,448,971
$13,187,599 $12,304,076 $11,038,422 $12,039,790
P. c exp. to earnings
(6531)
(6587)
(6437)
(6450)
Investments, etc
1,370,892
1,064,615
964,310
671,638
Net earnings
Total reoeipts... $14,558,491 $13,368,691 $12,002,732 $12,711,428
$7,059,150 $7,096,285 $7,115,701 $7,122,356
Dividends
3,523,270
3,519,823
3,518,650
3.517,057
Sinking fund, etc...
340,745
517,260
196,413
220,990
Interest on debt
Total disbursm*t8.$10,923,265 $11,133,368 $10,830,764 $10,860,403
Surplus
$3,635,366 $2,235,323 $1,171,968 $1,851,025
FREMONT BLKHORN & MISSOURI VALLEY.
Yr.end.MaySX.
1899.
1898.
1897.
1896.
Grossearnings
$3,885,489 $3,881,340 $3,051,982 $2,950,439
Net earnings
1,274,687
1,237,948
793,839
893,670
Total charges
1,020,879
1,020,908
1,020,941
1,022,469
Balance
sur.$253,808 sr.$217,040def.$227,102def. $128,799
V. 70, p. 230, 739.)
Mem.
In 1897 merged in Chic A East. 111.
— (V. 69, p. 333, 1147, 1193;
Chic. Pad.
RR.—
A
Chicago Peoria
&
St.
Louis Ry.— ('-See Map.)— Owns from
Pekin to Granite City, 111., 180 miles Havana to Jacksonville, 111., 42
m.; branch, Lockhaven to Grafton, 8 m.; total owned, 233 m.; trackage, Pekin to Peoria, 10 m.; Granite City, 111., to Merchants' Junction, 3 m.; in city of Springfield, Ha m. Owns and operates Litchfield
& Madison Ry., Litchfield Jet. to Madison, 44 m.; trackage, J. & St.
Reorganization and
L. Jot. to Litchfield, 1 m., total 292-50 miles.
consolidation of Chicago Peoria A St. L. RR. and St. L. Chic. A 8t. Paul
foreclosure
Jan.
sold
in
8,
per
plan
in
vol.
Ry.,
1900,
63, p. 722. The
new company took possession March 1, 1900.— V. 70, p. 429.
Bonds.— Of the $2,000,000 prior lien 4^8 (City Trust Co. of N. Y.,
trustee), $750,000 are reserved for future extensions, improvements,
etc., all the remaining securities shown in table above being issued for
;
reorganization purposes. Stock, com., $3,600,000; pref., $3,750,000.
For 7 months ending Jan. 31, 1900, gross, $900,448; net, $226,289;
taxes, $30,277; net for Interest, $196,018. For year 1898-99 total
grossearnings, $1,214,344. Estimate in plan: gross, $1,200,000; operating expenses, $900,000; taxes and rentals, $75,000; fixed charges,
$156,250; balance. $68,750. V. 6», p. 976. President, Charles E.
Kimball, New York; Sec. and Treas., Ralph Blaisdell, Springfield, 111.
Thomas Carmlchael. New York, office 27 Pine St., is largely interested.
V. 70, p. 75, 429.
Chicago Rock Island
Springs, Col.,
and
111.,
via
Lines owned —
Chic, 111., to Council Bluffs,Ia.
Davenp't, la., to Atch'n.Kan.
Elwood
to Liberal,
Kan
Herington,Kan.,toTerral,I.T.
Horton, Kan.,toRoswell,Col.
Branches
Total
owned
&
Pacific
Omaha,
Ry.— (See Map)— Road.—
Neb., to Denver and Colorado
via Kansas City, Mo., to Terral, I. T., with branohes.
Miles.
Leased, etc.— (1\ Which see.) Miles.
Operates from Chicago,
500 Peoria A Bureau Valley
47
11
341 Keokuk A Des Moines
162
IT
440 Des Moines A Fort Dodge.. it 144
349 Trackage to Kansas City,
569
No. Topeka, Kan., Denver,
729
Col., Pueblo, Col., etc
338
.2,928
Tot. lines oper. Apr.
1,
1899.3,619
April, 1900.1
RAILROAD 8TOCKS AND BONDS
43
44
IN VESTORS'
SUPPLEME1S T.
[Vol.
LXX.
April, 1900
RAILKOAD STOCKS AND BONDS.
J
RAILROADS.
For e cplanation of column headings,
on first page of tables.
<fcc,
see notes
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
—
1.592,000
1867
1,000
1871 100 Ac k 4,038,500
150,000
1878
100,000
1878
200.000
1878
1882
a 1,007,000
2,000,000
1882
7,725,000
1883 $1,000
169,000
100
1.250.0C0
1900
1,000
2,000,000
1900 -1,000
.
100
1877 l,000&c
1898 1.000&C
100
100
1878 500 &C.
1878
1,000
1878 500 <fec
1879
1,000
1880
1,000
1890
1,000
1880
1,000
1886
1,000
<&.
.
Ch.St. P.&Minn. 1st M.,g.,ElroytoL. St.C.ass'd.c*
8t. P. & Sl'x C. 1st. M.p. ($7,000,000)$10,000p.m
.
Outstanding
1891 l,000&cg$9,819,000
1886 1.000&C hl7489,000
9,347,000
1897 1.000&0
<& No. Western
(Oon.)— 30-year deben...c*<fcr
Extension 4s, $20,000,000 ($20,000 p. m.)..c<fer
Gen'l gold bonil, mort., $165,000.000.17 »..o*<fer
Bonds of Proprietary Lines.
Winona & St. Peter ^u inu»„ga./e (now 1st) guar.. 139
1st mort. extens., gold, land grant,s.l.,guar...o'
184
Minnesota Valley Ry. 1st mortgage
24
Plainview RR. 1st M. (Eyota to Plainv'w, Minn.)
15
Roch.<feNo.Mlnn.l8tM.,gu.(as8umedby.W&St.P.)
24
Dak. Cent. 1st M., gu. (Watert'n to Redfleld.S.D.)
71
Dak.Cent.lstM. onSo'eastDiv.(tonawarden) gu. 125
Frem. Elk. & M. V. consol M. $20,000 p. m. see text. 1,170
Sioux City & Pao. pref. stock (1st mort. on 6 m.).
«
Chic Peo. <e St. L.— Prior lien M., g., caU at 107^.0*
230
Consol. M., $2,000,000, gold, called at 105
230
Income M., 5 p. c. non-cum , called at par
230
Litch. & Mad. (Income) M. $500,000 5%, non-cum.
44
Chicago Rock Islands Pac.— Stock (for $50,000,000)
1st mort., Chic, 111., to Council Bluffs&branches.c*
736
General mortgage, $100,000,000, gold.Ce...c*&r 3,182
Chicago St. Paid Minneapolis Omaha — Com. stock.
Preferred stock, non-cumulative (see text)
"*21
St. Paul Stillwater & Taylors' Falls 1st mort. ..c
Hud. & River Falls 1st M.,Hudson to River Falls.
12
Okie.
Amount
177
607
80
37
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
1
Cent.
Payable
5
A15AO
4
F15&A.
3ia g.
11
7
7
7
7
7
6
6
6
,
'j
;
;
«
;
Gross earnings
Net earnings
From land department
Income from loans, eto
$20,667,914
$6,991,804
6,000
704,468
$19,548,583
$6,952,616
9,000
470,785
$17,146,653
$5,533,825
12,243
Total income
Rent leased roads
Interest on debt
$7,702,272
$716,802
3,084,616
127,737
(4)1,960,389
$7,432,401
$5,546,068
$671,565
$681,730
3,320,987
117,997
(3) 1,384,674
3,321,525
99,217
(2) 923,116
$1,812,728
$1,937,178
$520,480
Missouri River bridges
Dividends
Balance
—(V. 68, p. 186, 523,
129, 1135; V. 69, p. 384, 694, 743.)
Chicago St. Paul »l Inneapolls &. Omaha Ry.— (See Map Chicago <t North Western.)— Road.— Mainline— Elroy, Wis., to Omaha, Neb.,
593 miles; other lines, 945 miles; total, 1,533 miles, of whioh 1,474
miles are owned and 64 miles leased. V. 69 p. 1147.
History.—This wax a consolidation July, 1830, of the Chicago St.
Paul & Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November, 1882, a controlling interest in the stook was purchased
lor the Chioago & North Western Railway by the acquisition of 93,200
shares of common and 53,800 shares of preferred.
Stock.—Authorized common, $21,403,293; preferred, $12,646,833.
Held by the oompany Deo. 31, 1898, common stook and scrip, $2,844,139; preferred stock and sorip, $1,386,921. Preferred stock has a prior
1
right to non -cum illative dividend of 7 percent; but oommon is never
to receive more than is paid on preferred.
Dividends since '88. ) '89. '90. '91. '92. '93 to '96. '97. '98. '99 '00
Common, in Feb.,% S
2
2
None.
5
3»s
Preferred. P. ot..
>3
4
4 6% >-7 per ann. (3>a 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 & 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.
Lands.— Sales In *98, 20,238 aores, for $51,661; unsold 382,411 acres.
,
M.
g.
J.
A.
M.
M.
M.
M.
7
A.
A.
4*2g.
M.
5
J.
g.
2.000,000
500,000
50,000,000 5 in '99.
6
12,500,000
4 g.
54,581,000
18,552,^00 5 in 1900
11,256,800 7 In '99.
7
334,800
8
125,000
2,189,000
6 g.
6,070,000
6g.
6
800,000
400,000
5
6
14,224,000
394,000
5 g.
650,000
5
4 g.
13,000,000
ly 1. 1899, h eld, a, $
No.Wls.lst M. LakeSt.C.ton'rSpoonerass'med.c
Sault Ste. Marie <fe Southwest'n 1st M., assumed.
Ch.St. P.M.&O.con.M.,$30,000,000($15,000p.ni)o*
Chic. Term'l Tr. RR.— Ch.&Gt.W.,lst M., g.,ass*d.c*
City of Chicago purchase money mort., assumed
Chic. Term. Transf.lstM.,g.,$16,500,000 Us. c*&r
91 1897
1,000
In addition to the bonds outstanding as above, the s inkine fund Ju
f., $521,000 (and $10,000 on hand): g., $1 81,00 0; h.,$ 1,143,0 00: k.. $202 .500.
Chicago KiM'k I-ImihI Sc Paclfie Ry.— Concluded.
Chicago Rock Island & Texas, Teiral to Fort Worth, Tex., 93 miles
bonds are all deposited as collateral to the gen. mort. bonds, but the
road is operated separately. V. 61, p. 793. In Oct.. 1899, extension
reported under construction from Gowrie to Sibley, la., 110 miles,
under charter of the Gowrie & Northwestern RR. Line, Enid to Billings, O. T., about 26 miles, completed Dec 1899, also under construction Jan., 1^00, Anadarko to f'ort Sill, O. T., about 33 miles. In Mar.,
1900, contract reported let for branch from Kingfisher, O. T., to
Guthrie, 26 m.,also for branch Mountain View, Okla., west about 40 m.
History.—The present Chicago Rock Island & Pacific was a conOlidatlon June 2, 1880. with $50,000,000 stock authorized.
Stock.— Stock w:is raised in 1898 to $50,000,000. V. 68, p. 1136.
Dividends > '89 90 '91 '92 '93 '94 '95 '96 '97 '98 '99
1900.
since'88. r.ot. 5 4
4 3
4
4 3*3 2 2 2*2 4^ 5 Ino.May.S^
Also iu 1898 a distribution of 10 per cent was made in stock to
represent earnings expended for extensions, etc., in 1880-85. (V. 68,
1881 ti '87, 7 p. c. yearly in cash; '88, 6% p. c.
p. 113t>.)
Dividends in 1' 98-9 above 4 per cent were charged to Addition and
I iprovemem Account, which also stands pledged to pay a H per cent
"ipecial" dividend quarterly up to and including the next regular
di /idend day following Jan. 1, 1903. V. 68. d. 1136.
Bon )S.—The refunding mortgage is for $100,000,000 (Central Trust
Co., trustee), of which $65,847,000 were reserved to retire $62,712,000
existii.g bonds (including $50,212,000 paid in 1898-9)
$2,000,000
were immediate. y available for additions or improvements $500,000
have been issueo. to facilitate the issue of refunding bonds; $5,500,000 will be available after 1902 at $18,000 per mile, to retire bonds on
lines purchased, and remainder are issuable at not over $1,000,000
per annum f r permanent improvements and additions, including
equipment. See Mortgage Abstract in V. 66, p. 522.
General Finances.— Av. freight train load in 1898-9, 174 tons; rate
per ton mile, 099c; in 1897-8, 169 tons; rate per ton mile 097c.
Refunding.— The refunding of the bonded debt during 1898-9J was to
save $496,621 yearly.— V. 65, p. 571 V. 67. p. 55. In Jan., 1900,
$53,581,000 of the new eeneral4s had been listed.
In Jan., 1899, sold 123 miles of the Wisconsin Minnesota & Paoiflo,
operated by the Minn. & St. Louis, to that company, for about $1,600,000. This amount is applicable to improvements. The t- maining 94
miles were sold in 1899 to Chicago Gt. Western parties. V. 68, p. 976.
Earnings.— From April 1 to Feb. 28 (11 months).
Gross.
11 mos.
Net.
Int., tie.
Balance.
1899-1900
$21,419,597 $7,623,950 $3,547,500 8ur.$4,076,450
1898-1899
19,714,. 51
7,094,813
3,601,725 sur. 3,493,088
Annual Report.— The fiscal year ends March 31. Annual meeting
1b held in Chicago on the first Wednesday in June.
Report for 1898-99
•at length was in V. 68, p. 1129, 1135— see also editorial, p. 1102.
Tear ending March 31—
1899.
1898.
1897.
Passenger earnings
$5,053,581
$4,072,127
$4,316,817
Freight
14,351,656
13,835,995
11,229,175
Mail, express, rentals, etc
1,262,677
1,395,771
1,845,351
45
&
&
&
&
&
&
&
&
&
Whom.
N.
Y
Office,
do
do
8.
8.
S.
N.
O.
O.
S.
J.
Q.-F.
& J.
& J.
Feb.
F. & A.
J. & J.
J.
J.
M. & N.
A. & O.
J. & J.
M. & N.
J. & D.
J. & D.
M. & N.
do
J.
1,
1, 19081,
1,
Nov. 1, 1907
Oct. 1. 1933
Apr. 2, *00,
Mar. 1, 1930"
190?
1907
3^
July, 1930
St.
do
do
do
do
do
do
do
May
1%
1, '00,
1, 1917
Jan. 1, 1988
July
Feb. 20, '00, V
Feb.20,'00,3i
Jan. 1, 190
July 1, 1908
May
Apr.
Jan.
Nov.
June
N. Y., Mercantile Trust. June
To City of Chicago.
May
N. Y., Mercantile Trust. July
1918
1919
1930
1915
1930
1936
1938
1947
1,
l,
1,
1,
1,
1,
1,
1,
b, $593,327 (these in tr easury).
interest M. & N.; reg istered
58,000;
IT
1907
1916
1908
1,
1,
Oct,
Sept.
Sept.
Sept.
do
do
do
do
do
do
do
do
<fe
<fe
Nov.
Dec.
Chicago.
N. Y.,13 William St.
N.Y., Office, 52 Wall
do
do
Apr. 15, 1921
Aug. 15, 1926
Nov. 1, 1987
New York and
J.
J.
J.
St,
do
do
do
do
do
do
do
do
do
New York.
do
O.
&
52 Wall
do
do
do
do
do
do
do
do
do
do
do
N.
D.
<fe
Dividend.
Q.—
Coupo n
Latest Earnings.— From Jan. 1 to Nov. 30 (11 months) gross,
$9,694,239 in 1899; $8,643,285 In 1898.
Annual Report.— Report for 1898 was in
1898.
Tear ending Dec. 31—
V. 68, p. 521.
1897.
1896.
$9,5»0,992
$8,652,793
Gross earnings
$8,156,192
5,137,034
Operating expenses and taxes. 6.091,563
5.737,447
$2,915,346
Net earnings
$3,499,429
$3,019,158
111,523
114.626
113,946
Net rentals paid
1,411,470
Net int. on debt (less other inc.) 1,393,852
1,405,353
(7)787,976
Div. on pref. stock
(7)787,986
(7)787,976
(2)370,984
Div. on com. stock
(2)370,982
( 3!2)649.285
Surplus Of RR. Co
$136,621
$230,281
$340,901
$58,932
Net from land sales
$55,191
$1,662
-(V. 66, p. 424, 516,jao; V. 68, p. 129,521, 1193.
Chicago Terminal Transfer RR.— 'See ifapj -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 acree
are in the centre of the business district; also Includes 7,500 feet of
dock property on Chicago River. Nearly all land, including that upon
which tracks have been built, is owned in fee.
Road Owned—
Leased Lines—
Miles.
Miles
Harrison to Madis'n St., Chio.10-86
46th St. to South Oak Park.. 5-36
6-76
40th St. to Cem., etc
Western Ave. to Blue Island.15-19
Chicago Juno. Ry. (McCook
10-54
to Franklin Park)
"13
Chicago Junction Ry
Harvey June to Earvey
Clark Jet. to McCook
E. Chic. Harb. to South Chic.
(B. &.O.)
3*87
28-44
East Chicago to Whiting... 389
Franklin Park to May/air....* 675
Harvey to Chicago Heights. 994
.
Trackage—
Total June 30, 1899
6-61
108-34
5320
2d track,
Sidings
."
101 '89
91-06
Total
('Building in 1899.)
Total, all tracks
26343
In Apr., 1900, acquired trackage rights over Chic. W.Pullman & So.R R.
History.— A reorganization in June, 1897, of Chicago & Northern
Paciflo and Chicago & Calumet Terminal, plan V. 64, p. 8 8 8, 898.
Tenants.— Bait. & Ohio, Chic. Great Western, Chicago Hammond
& Western. Suburban RR. Co. of Chicago. In 1898 99 the St. Louis
Peoria & Northern Ry. Co. contracted to become a tenant under a 99year lease, which was modified in respect to the commuted rental
payable hereunder, and Edward H. Harriman, Jacob H. Schiff, James
Stillraan and George J. Gould have jointly and severally agreed that on
or before Jan. 1, 1904. "they will cause the Chicago & Alton RR. Co.,
or some other corporation satisfactory to the Terminal Company as to
responsibility, to become the successor to the St. Louis Company as
lessee under said lease of Oct. 1, 1898." The modified rental is no-w
$96,000 per annum. V. 68, p. 1225 V. 69, p. 703.
Securities.—Stock—The $17,000,000 pref. is entitled to preference
to the $13,000,000 common in liquidation, and to non-cum. dividends
at 4 p. c. per annum before any dividends are paid on oommon. Bonds
—Of the $16,500,000 1st 4s, $1,305,000 are reserved to retire the $1,044,000 assumed bonds; $1,905,000 for new property as provided in
the mortgage and $290,000 are held in the treasury.
Latest Earnings— 8 mos. > 1899-0.. .Gross, $*12,316; net, $486,328
July 1 to Feb. 28.
786,493; net, 482,033
5 1898-9.. .Gross,
Report.— Report for year ending June 30, 1899, given at length in
V. 69, p. 702, shows gross, $1,221,107; net, after deducting taxes,
$679,161 interest, $572,200 bal.. sur., $106,961.
Officers.— Chairman of Executive Committee, Edward D. Adams,
N. Y.; Pres. and Gen. Mgr.. J. N. Faithorn, Chicago, 111.; Sw., George
P. Butler, Mills Building, N. Y.— V. 69. p. 1148; V. 70, p. 381, 791.
Chicago A: Western Indiana
Owns a valuable terminal
system of roads affording entrance into Chicago to the roads named
below. Its lines extend from Dearborn Station. Polk Street, Chicago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Cragin. 16 miles, and to South Chicago, 5 miles total. 48 miles; total
track, including 2d, 3d, 4th traoks and sidings, 217 miles; al9o owns
860 aores of real estate, passenger and freight yards, warehouses,
elevators, etc. The Belt Ry. of Chicago leases and operates 99 miles of
the 217 miles owned bv the Ch. & W. I., its securities being all held by
the companies leasing the Chicago & W. I.; 6ee V. 60, p. 1058.
Leases.— This oompany's road and terminals are leased under perpetual contracts to the Wabash, the Chic. & Grand Trunk, the Cliioago A
Eastern Illinois, the Chicago a Erie and the Chicago Indianapolis Sz
Louisville, each ot which five companies owns $1,000,000 stook. Tney
are also leased to the Atchison, the Elgin Jollet & Eastern *ud the Belt
Railway. The annual rentals must always exceed by at least 20 per
cent the interest on the bonds outstanding.
Dividends.— ) 1892-94. 1895. 1896. 1897. 1893 1899. 1900'.
Perceut.
{ 6 yearly.
6
6
6
6 Inc.Ap.it
7>a
Bonds.—Sinkingfund payments (amountingln year 1899 to $194,000)
annually retire a portion of the first mort gage b uds at 105 and interest, and after they are all drawn the general mortgage bonds become
subject to same sinking fund and will be drawn .it same price in such
annual amounts as will retire the debt at or before maturity. In June
1899, $14,36->,000 general 6s had be.-n issued, of which $2,500,000
were reserved to retire first* and $1,999,333 canceled; $102,000 first
i
;
;
;
RR.—
;
INVESTORS'
4<;
SUPPLEMENT.
JLJJLJLJ]
UNION
[Vol.
W
11
II
CHICAGO TERMINAL TRANSFER
LXX.
R. R.
MAP SHOWING
PROPERTY OF RAILROAD
IN
n~fl
THE
BUSINESS CENTER OF CHICAGO
I
MAP OF THE
CHICAGO TERMINAL TRANSFER
RAILROAD
AND CONNECTIONS.
Vnion'Pasa.StaJ L_
April, 1900.]
RAUAOAD STOCKS AND
BONDS.
47
48
INTESTORS' SUPPLEMENT,
[vol.LSX
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds—PnnolENTERE8T OR DIVIDENDS.
RAILROADS.
Date Size, or
pal.When Doe.
Amount
Par
of
Outstanding Rate per When Where Payable, and by Stocks— last
Bonds
Value.
Payable
Road.
Cent.
Whom.
Dividend.
Miles
For explanation of column headings,
on first page of tables.
<feo.,
see notes
of
Chicago
dt Western Indiana— Stock (see text)
1st inort., gold, sink, fund, subject call at 105.0*
General mort., gold, sinking fund, see text
o*
Chicago
West Michigan— See Pere Marquette RR.
Choctaw dt Memphis—Pref. stock 6%, $1,762,500..
1st mort ,$3,750,000, int. guar., gold. «P....o*r
Choc. Oklah. & Gulf RR Com. stock, $3,750,000
Preferred stock, 5 per cent cumulative
General (now first) mort., $5,500,000, gold
c*
Oin. Georget'n <t Forlsm.—lBt mort., $500,000...
0inci7itiati Hamilton <£ Dayton— Common stock
Pref. stock, A & B, 4 p.c. cum., guar, (call at par)
do
"Eagle" 4 p.c. cum., guar, (call at par)
New preferrec 4 per oent non-cum., $8,000,000..
Consolidated mort. (now 1st) $ <fc JS, sink, fund.c*
do
do
$389,000 are 5 p. c.c*
Second mortgage, gold
o*
General mortgage, $7,800,000, gold
Me.c*
Cm. Day. & Iron., 1st M., gold, guar, (assumed. c*
Oin. Hamilton dt Indianap.—1st M., guar. p. & 1...
Geueral mort. for $3,800,000, gold, to be guar.
Cincinnati Lebanon <t Northern 1st mortgage, o
Oin.dR Muskingum Val.RR.— lstM.$2,000,000,g. Pc*
Cincinnati Northern— New Securities to be Issu
Common stock
Preferred stock, 5 per cent non-cumulative. Ce..
First mortgage, gold
Cincinnati Portsmouth dt Firc/inia—Common stoch
282
$100
£5,000,000
582,000
82-92
1,000
1,000
1899
1,000
1879
.
—
50
50
50
<fe
1875
1875
1887
1892
1891
1873
1893
1886
1898
60
60
69
1,
iiobo
1.0'X)
1,^0
1,000
1,000
164
1, >00
99
1.000
99
1,000
38
1,000
148
ED UN DER S ECOND
1900
205
107
107
108
100
100
1895
1899
1871
1890
,
payment on May
1,000
1,000
100
100
100
Richmond dt Ft. W.— lst mort., gold, int. pu.o"
Saginaw dt Mack.—1st M., $2,000,000, gold..o'
6s were called for
above.
1894
1881
283
42
Preferred stock, non-cumulative (see text)
1st mortgage, $500,000, gold.red. at 105
o&r*
Cincin. Con. Belt 1st M. g., p. i, gu. red. at 105 c*
"sV,
53
1,000
1,000
1,000
1,000
1900, and are deducted in table
Annual Report— Fiscal year ends Dec. 31. Report for 1898 was in
V. 68, p. 1178, showing gross income, $945,433; interest, etc., $656,869; dividends, $300,000; bal., deficit, $11,436— V. 70, p 480.
Chicago Ac West Mich.— See Pere Marquette RR,
Chicago Wis. Ac Minn.—Sold in 1899 to Wisconsin Central Ry.
Chili uahua Ac Pacific
Completed Apr., 1900.from Chihuahua, Mexico, to Minaca, 125 miles. The company has a Government
concession and the line is projected to the Pacific Coast. Stock is
$2,500,000, all issued. No bonds issued to April, 1900.— (V.66, p. 573.)
Choctaw Ac Memphis
'See Map .)— Mississippi River, op-
RR.—
RR.—
Memphis,
&
connection with Choctaw Oklahoma
Gulf at
Howe, Ind. Ter., 282 miles, of which Little Rock to Howe, 149 miles,
was completed about Dec, 1899.— V. 69, p. 1147.
Organization.— Successor of the Lit. Rk. & Mem., foreclosed in 1898
and extended 149 miles in 1899. Leased for 95 years from Dec. 1,
1899, to C. O. & G. for a division of through business on a mileage prorate sufficient to guarantee interest on pref. stock, 2 per cent for first
year of operation, 3 p. c. for second year and 4 p. c. for third year and
thereafter. After payment of b per cent on preferred, one-half of net
earnings to go to C. O. & G., the other half being available for dividends on $1,762,500 common stock. V. 67, p 126, 529; V. 69, p. 1193.
Securities.— Stock, $1,762,500 ($6,250 p. m.) each of common and 6
p. c. pref. As to guaranty of bonds, see above. V. 69, p. 1345; V.70,
posite
to
p. 531.
Choctaw Oklahoma
Ac
Gulf
RR.— (See Map
.)
—Operates from
Weatherford. Okla. Ter., to Memphis, Tenn., 562-9 miles, of which it
owns from Weatherford, Okla. Ter., to the Arkansas- Indian Territory
State line, 280-9 miles, and coal mine branches, 4 miles, and leases
(from Dec. 1,1899,) the Choctaw & Memphis RR.from connection with
the C. O. & G. RR. at the Arkansas-Indian Territory State line to
Memphis, Tenn., 282 miles. In March, 1900, the Tecumseh Ry., from
Shawnee, O.
T.,
on the
C. O.
&
G. line to Tecumseh, O.
T
,
5*2 miles,
was acquired and operated from March 15, 1900.
Histort.— A reorganization of the Choctaw Coal & Railway
Jn foreclosure Sept. 9, 1894. Holds valuable coal leases.
&.Memphis above and V. 67, p. 529; V. 69, p. 1193.
6g. M. & N. N.
6g. Q.-M.
9,i:68,666
Apr.
Chicago.
1,
J.P.Morgan & Co. Nov.
do
do
Dec.
Y.,
'00 ,113
1,
1,
191b
1932
Co., sold
See Choctaw
ct. (cumulative after
1897). $4,000,000; outstanding, $3,999,700; par. $50. As to
preferred shares see V. 62, p. 588. 778, 821, 8b8-(V. 64, p. 134.)
Voting Trust.—In Maroh, 1899, a majority of both common and
preferred shares had been deposited with Effingham B. Morris, William H. Jenks, Charles E. Ingersoll, George H. Colket and Samuel
Diokson as voting trustees, until July 1, 1904.— V. 68, p. 427.
Dividend.— On pref.: In 1898, 5 p. c; in 1899, 5 p. c; in 1900, Apr.,
2 la; First dividend on common, 2 p.c, paid Oct. 31, 1899; in 1900,
Apr., 2 p. c.
Bonds. Sufficient general 5s was reserved to retire prior lien bonds
and in July, 1896, $1,500,000 (inoluding $1,200,000 surrendered under plan of March, 1896,) were held for future additions, etc. In 1899
the prior lien 6s were retired, general 5s beiag issued therefor. V.
69, p. 695.
Latest Earns.— 4 mos., $ 1899-0... Gross, $805,143; net, $311,207
Nov. 1 to Feb. 28.
743,538; net, 312,419
e 1898-9... Gross,
Report.— Year ends Oct. 31. Report for 1898-9 was in V. 70, p. 174.
Cross of
Cross
Interest
Net
Balance,
Tears end.
mining.
for year.
of both, and taxes.
Oct. 31
of railroad.
$606,965 $716,902 $258,205
$1,352,127
$458,697
1899
567,398
597,791
242,208
1,067,534
355,583
1898
From surplus above shown were paid dividends as follows: In 1897-8
on pref.. 5 p. c. ($200,000); in 1898-9, on pref., 5 p. c. ($^00,000), and
on common Oct 31, 1899, 2 p. c. ($75,000).
Coal output in 1898-9 was 419.813 tons against 426,538 tons in
1897-8. Pres., Francis I. Gowen, Philadelphia. V. 70, p. 75, 174, 686.)
Cincinnati Georgetown Ac Portsmouth.—Cincinnati, southeasterly to Georgetown, 42 m. Stock, $400,000; 1st M. 6s due Apr.,
1901, $252,000. Stockholders were to vote Apr. 10, 1900. to issue $125,000 of 5 per cent non-cum. preferred stook and to authorize a $500,000 4 per cent mortgage to redeem the bonded debt and for other purposes. V. 70, p. 739. For 8 mos.to Aug. 31, '99, $44,757, against $38,975 In 1898. For year ending June 30, 1898, gross, $63,317; net,
$10,134, applied to new 60-lb. steel rails with consent of bondholdeis. In 1896-7, gross, $59,733; net, $4,578.— V. 70, p. 739.
Cincinnati Hamilton Ac Dayton Ry.— (See Map.)—Operates a
direct line between Cincinnati and Toledo, Ohio, with branches to
Indianapolis, Ind., and Ironton, on the Norfolk & Western, etc,
Proprietary roads
Miles.
Road owned— (H See this Co.) Miles.
60 Cincinnati Hamilton & Ind... If 99
Cincinnati to Dayton,
176 Cincinnati A Dayton
14
Dayton to Deans, O
98 Columbus Findlav & Northern. 18
Dayton to Delphos,
Bowling
Green
RR
13
21
Trackage
Piqua & Troy Branoh
8
Roads leased
—
—
—
U142
3
Total of
all
&
Philadelphia and N. Y. Jan. 1, 1949
Girard Bldg. Apr.30,'9P,2%
A.&Oji
do
do
Apr.30,'99.2*s
J. & J.
do
do
Oot. 1, 1919
A. & O. N. Y., Central Trust Co. Apr. 1, 1901
J.
J.
Phila., Of.,
Cincinnati.
Q.-J.
do
do
do
Q.-M.
Q.-F.
J.
J.
J.
&
&
&
&
&
&
&
&
F.
<fe
A.
A.
J.
J.
M.
J.
J.
J.
J.
J.
&
&
&
<fe
&
Apr. 3, '00,
Men., *00,
O. N.Y.,Kessler<feCo54Wall
O.
do
do
do
J.
do
D. N.Y., Blair* Co., 33Wall
N. N.Y..Kessler&Co54WaU
J.
N.Y.,Kessler&Co54Wal]
D. Treas., office, Cincin.,
O
Cen.Tr.&S.D.Co.
A. N.Y., Farm. L. & Tr. Co.
J. Cinn.,
1%
1%
May8'00,li4%
Oot. 1, 1905
Oct. 1, 1905
Jan. 1, 1937
June 1, 1942
May 1, 1941
Jan. 1, 1903
June, 1943
Jan., 1916
Aug. 1, 1948
Cincinnati, Ohio.
J.
Jan. 3, '00, 2%
D. Investm't Tr. Co., Phila, June 1, 1926
Philadelphia.
J.
July 1, 1929
D. N. Y., Winslow, L. & Co. June 1, 1921
J. New York and London
Jan. 1. 1920
Owns jointly with Clev. Cinn. Ch. & St. L. the Dayton & Union.
History, Etc.— Main line opened in 1851. Leased lines added at
various times since. In July, 1895, consolidated with the Cin. Dayton
& Ironton and Cin. D. & Chicago under the name of Cin. Ham. & Dayton
Railway. V. 60, p. 1104; V. 61, p. 68. Indiana Decatur & Western
is operated in connection with the C. H. & D. system. V. 61, p. 1064
Stock.—Capital stock is common, $8,000,000: preferred 5 p. c. noncumulative, $6,925,500; pref., 4 p. c. cum., $1,074,500. Newpreferred
is entitled to 5 per cent, then common to 5 per cent; then both share
equally.
V. 69, p, 1300.
Dividends since consolidation—
895.
1896 to May, 1900
"4%
1895
5% yearly (Q-F )
Bonds.—The general mortgageis for $7,80",000, of which $4,800,000
reserved to retire the prior liens at maturity; the prior bonds must not
be extended. The mortgage covers the perpetual lease of the Dayton &
Michigan, the profits under which are large. V. 54, p. 799; V. 55, p. 373.
Accounts and bills payable June 30, 1899, $683,735.
Guaranties. Guarantees securities of Cin. Hamilton & Ind. and
Dayton & Michigan; also $933,000 Indiana Decatur & Western first
1
New preferred, issued in
1
—
V. 69, p. 795. As to control of Cin. N. O. & T. P., see that Co.
Report.— Fiscal year ends June 30. Report in V. 69, p. 952, showed
1899.
Tear end. June 30—
1898
1897.
5s.
Gross earnings
$5,241,503 »$4,908,563
1,487,215
380,340
$4,627,352
1,398,670
$546,970
$846,970
96,900
96,900
84,067
84,107
3,250
383,101
383,033
$1,411,737
$170,360
$1,414,288 $1,411,010
$72,927 del $12,340
Net earnings
1,582,097
Deduct interest on bonds
$846,970
Di v. pref, stock D. & M. RR
96,900
Div. com. stock D. & M. R R
84,067
Div. com. stock Home Ave. RR..
3,460
Div. pref. S'.ock C. H.
& D. Ry
. .
Total
Surplus
— (V. 67, p. 319, 1002,
1305; V. 69, p. 695, 795, 952, 1300.)
Cincinnati Hamilton A: Indianapolis Ry.— See Map
O. H.
Ohio, west to Indianapolis, Did., 99 miles.
Stock.—Common stock ($2,500,000) is all owned by the Cincinnati
Hamilton & Dayton, which operates the road, V. 57, p. 144. Preferred non-cumulative 7 per cent stock, $281,679.
Bonds.—The first mortgage bonds are guaranteed by the C. H. & D.
(authorized $2,500.0001 but $700,000, under an agreement of 1880,
will not be issued. General mortgage bonds, $1,333,000, issued, but
held in the treasury.
Earnings.—In year ending June 30, 1898, gross, $747,210; net,
$93,372; interest, $126,000, balance, deficit for year, $32,628.
Cincinnati Jackson Ac Mackinaw
70, p. 581, 583.
Valley
Cincinnati Ac
(See map of Pittsburg
Cincinnati Chicago dt St. Louis.)— Owns'Morrow, Ohio, to Trinway, O.,
148 miles. Successor on Aug. 1, 1898, to the Cm. <te Musk. VaL Ry.,
foreclosed June 29, 1898, and purchased in the interest of Penn. RR.
V. 67, p. 27. Of the bonds $500,000 are reserved for future needs.
Sinking fund retires yearly, beginning Oct. 1, 1899, one per cent of
the amount then outstanding, if offered at par or less. Bonds are not
subject to call. Stock, $2,000,000; par $100; all issued. Pennsylvania
RR. owns $754,000 of the $1,500,000 bonds. V. 55, p. 1078.
Earnings.—Fiscal year ends Dec. 31. Report 1898 in V. 68, p. 1072
tfet.
Tr.end. Dec. 31. Gross.
Interest. dtc.
Balance.
1
1.
Dayton & Michigan
Home Avenue RR
1,762,500
2,3,4
3,525,000
3,750,000 2 in 1899
3,999,700 5 in 1899
4,800,000
252,000
8,000,000
612,100 4 in 1899
462,4(
4 in 1899
6,925,500 5 in 1899
996,000
7
1,729,000
5&6
4iflg.
2,000,000
3,000,000
3,500,000
5 g.
1,800,000
7
See text.
5g.
200,000
5
1,500,000
4g.
Modified P LAN.
1,500,000
2,500,000
1,500,000
5g.
1,566,000
594,000 4 in 1899
400,000
5 g.
200,000
5 g.
1,800,000
7 g.
1.729,000
5 g.
dt
Stock.— Common, $3,750,000; preferred, 5 per
Nov.
Q.-J.
6
<t
—
Oin.
Oin.
48
48
652
D.)—
Owns Hamilton,
,
Muskingum
1899
1898
$513,227
491,978
— (V. 67, p. 27, 176, 222, 9 00;
$122,847
89,712
RB-V,
RR.—
$60,000
105,280
$62,847
def.15.568
V. 68, p. 1072.)
New
Orleans Ac Texas Pacific Ry.— Road.— OperCincinnati Southern Ry., Cincinnati to Chattanooga, Tenn.,
336 m. Lease Cincinnati Southern RR. owned by city of Cincinnati.
Rental now, $1,102,000; from Oct. 12, 1901 to 1906, $1,262,000 yearly.
Aa to extension of lease, see V. 70, p. 75. On Sept. 30, 1899, receiver
was discharged V. 69, p. 743. Stock controlled in interest of Southern
Ry. and Cincinnati Hamilton & Dayton Ry. V. 61, p. 26; V. 65, p. 1173.
Latest Earnings— 8 mos., < 1899-0. Gross, $3,428,008; net, $1,002,286
July 1 to Feb. 28.
3,149,863; net. 1,077,916
c 1898-9. Gross,
Annual Report.—Report for 1898-9 was in V. 69, p. 952, showing
Gross, $4,691,232; net, $1,585,006 (against $1,389,682 in 1897-8);
rentals, etc., $1,411,445; balance, surplus, $173,561; against surplus
$274,278 in 1897-8. V. 69, p. 695, 743, 952; V. 70, p. 75.
Owns from Franklin, O., via AddiCincinnati Northern
son June, to Jackson, Mich., 205 miles; trackage (C. C. C. & St. L.),
Franklin to Cincinnati, 42 m. Owns terminal property in Cincinnati.
Proprietary line Detroit Toledo & Milwaukee, Allegan to Detroit,
Mich., and branches, 200 miles, from Feb. 1, 1899. Successor In June.
1897, of Cincinnati Jackson & Mackinaw.
The second modified reorganization plan, dated Mar. 5, 1900 (V. 70,
p. 583), provides for the issue of the securities shown in the table
above. Under the plan the $4,198,543 Cin. Jackson cfc Mackinaw
bonds heretofore deposited (or the securities issued therefor) will reoelve 50 per cent of the principal in first preferred stock. The new
company will be free to deal with the Det. Tol. & Mil. RR. and the
Cincinnati terminals, which will be unencumbered.
Cincinnati
ates
RR.—
April,
1900.1
KAILROAD STOCK8 AND BONDS.
4»
50
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
April.
1900.
KAILROAD STOCKS AND BONDS.
|
91
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
Bonds— Prin t
INTEREST OR DIVIDENDS.
RAILROADS.
- pal, When Dae.
Miles Date Size, or
Amount
Rate per When Where Payable, and by Slocks— Last
of
Par
of
For explanation of column headings, Ac., see notes
Outstanding
Payable
Whom.
Cent.
Dividend.
Road. Bonds Value.
on first page of tables.
j
•
,
Olearfleld <£ Mahoning— Stock, 6 per cent rental
c*<tr
1st mortgage, gold. guar. B. R.
devel'd Akron <t Oolumb.—Gen. M. (now 1st.) g..o
Aug.
190o.c
red.
at
par
Eaulp. Tr. A 2d M. , g.,
1,
.
«P
Cleveland Cincinnati Chicago
&
St.
Louis —
Common stock ($28,700,000 authorized)
Preferred stock, 5 per cent, non-cumulative
C. I. 8t. L. & C. con. M.,drawn at 105, s.f 1 p. o.o*
Gen. IstM.. $10,000,000 gold, s.f. not dr'n..c<fcr
Cleve. Col. Cin. & Ind. Consol. mort. (see text)
o* <k r
Gen. consol. mort, ($12,000,000) gold
Indian & St. L. 1st mort., in 3 ser. of $667,000.0.
o.
2d M. ($2,000,000) gold, Indianap. to Terre
o"
CI. Cln.Ch. ASt. L. White Water Val. Di v, 1 st, g. . .
Columbus Springfield A Cincinnati 1st Mort
Spring. A Col. Div. (Col. 8p. & Cin.), 1st M., g.o*
Cairo Division 1st Mort., $5,000,000, gold...o'
.
. .
H
,
,
8t. L. Div., coll. trust, g.
Cin.
Wab.
($351,000 in
s. f)
oAr
A Mich. Div. 1st mortgage, gold
o"
$50
1893
1,000
1887 500 Ac.
1890
1,000
....
26
177
177
100
100
175
1880
1,000
1886 l.OOO&c
1874
1,000
1884
1,000
1869
1,000
882
1,000
....
391
391
72
72
62
45
45
267
194
203
1
Gen. mort. 100 year for $50,000,000 g.MEo'&r 1,808
Obligations for Proprietary Lines.
Cincinnati Lafayette & Chicago, 1st mort., gold.c
56
Cincinnati Sandusky & Cleveland— Pref. stock. ..
o
Consol. (now 1st) M. ($3,000,000) gold
170
Cincinnati & Spring.— 1st m., p.& i.gu. See text.o
48
2d mortgage, Big Four owns $526,000 more, .o
48
Loulsv.
& Jeffersonv.
Bridge 1st
1871
—
A
Virginia
125
RR.— Owns from
Idle-
Cincinnati Richmond A Fort Wayne RR.— Owns from Richmond, Ind., to Adams, Ind., 86 miles; leases 5 miles of P. F. W. A C.
Now operated (January, 1899), by Grand Rapids A Indiana Ry.
Rental, net earnings.
Interest Is guaranteed by the Pennsylvania Co.
Pittsburg Cin. Chioago A St. L. Co. jointly (the P. C. O. & St. L.
taking the plaoe of the Cin. Hamilton A Dayton in 1888). Stock, $1,709.313—par, $50, of whloh Penn. Co. Deo. 31, 1898, owned $1,256,
900. Due guarantors Deo. 31, 1899, $1,378,845.
Earnings.— Jan. 1 to June 30, were $232,756 In '99; $214,327 in '98.
Year end. Dec.31. Gross.
Net.
Interest,<tc.
Balance.
And
$101,682
89,148
$494,020
447,342
Cincinnati Saginaw
$126,150
126,000
A Mackinaw RR.— From
Durand
to
West Bay City, Mich., ^3 miles. The Grand Trunk of Canada owns
$825,000 of the $1,500,000 stock issued, and above bonds have a
traffic guarantee from that road and the Chioago A Grand Trunk.
.
Tear Dec. 31— Gross.
Interest.
Net.
Deficit.
Traf.guar.
1899
$161,241
$80,875
$86,450
$5,575
(h
1«98
137,676
86,450
63,836
$37,326
22,614
Clearfield A IVIahonlngRy.— ( See Map Buf. Roch. dtPitts.)— Owns
road, completed in 1893, from Du Bois June, Penn., on Buff. R A P.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester A Pittsburg—
whioh see— at a rental payable in gold and equal to 6 per cent on
$750,000 stock, par $50, and 5 per cent on bonds, the latter being guar.
p. A i., by indorsement on each. -See V. 61, p. 710.
Cleveland Akron A Columbus Rail way.— Owns from Hudeon, O., to Columbus, O., 144 miles: Dresden branch, Kilhuck to Trinway, 33 miles; coal spurs, 11 miles; total owned, 188 miles; trackage
Hudson to Cleveland, 26 miles, and Trinway to Zanesville, 16 miles.
On June 1, 1899, Penn. Co. took control, purchasing $2,237,500 of
the $4,000,000 stock (par $100)
Bills payable June 30, 1899, $«02,744; secured by $1,000,000 consol. 5s of 1893, of an authorized issue
of $5,000,000; car trust notes, not matured, $89,310; total floating
.
debt, *692,034. In 1898-9, gross, $938,743; net, $276.61 1; interest,
rentals, etc., $201,328; balance for year, $75,283. (V. 69, p. 1244.)
Cleveland Canton
Southern
In 1899 sold to Wheeling A Lake Erie, which see. On June 30, 1898, outstanding $368,628
equipment trust and $103,500 real estate mortgages.
A
Earnings.— 11 months,
July 1 to
—(V.
May
31.
69, p. 333, 1011.)
)
5
RR.—
1898-99
1897-98
Gross, $645,242;
Gross, 627,512;
Cleveland Cincinnati Chicago
net, $82,973
net, 120,042
A St. Louis Ry.— (See Map.)—
Operates an extensive system of roads radiating from Indianapolis,
Ind., westerly to Chioago, Peoria, Cairo, 111., St. Louis, and easterly to Sandusky, Cleveland, Columbus and Cinolnnati, Ohio, and
southerly to Louisville, with branches. As shown on map the system
comprises
fl See this company.
Owned directly—
Miles.
Leased and controlled.
Miles.
Cleveland, 0.,to Columbus, O.. 138 Cincinnati A Springfield Ry.—
Gallon, O., to Indianapolis
203
Lud.G've(6m.fr.Cin.)toDay*n 48
Delaware to Springfield
50 Colum. HopeAGreensb'gRR.— 26
Cinolnnati to Lafayette
175
Trackage into Cinolnnati, Ao. 32
Indianapolis to Terre Haute
72
Harrison Branch
7
Total included in earns. 1,838
Leased entire stock owned—
Operated: earns, kept separate—
Cinoin. Lafayette A Chio. Ry.— 57 Peoria A East'n Ry. (IT).—
352
I alro Vinoennes A Chic. Ry.—
Kankakee A Seneca RR.—
42
Cairo, 111., to Tilton A branch. 267 Mt. Gilead Short Line
2
St. Lou. Div. T. H. to E. St. L.193
Columbus Springfield A Cin.—
Total at system June 30,'99.2.234
Columbus, O.. to Springfield.. 45 Trackage PI. Cent. Into Ohio.. ) «
R
jVhite Water— Harrison, Ind., to
°
Ou percentage basis
)
Hagerstown, Ind
62 Trackage into Jeffersouville. ) « Q
0J
Cin. wabash A Michigan Ry.—
B AO. S.
J
Benton Harb. to Rushv. A Br.249
Operates independently—
Other lines (a)
44 Dayton A Un. RR. (U)
47
:
I
—
. .
W
-Cinoin.
Sandusky A Cleve. Ry.—
Sand'sky, O.,toDayt*n,O.eto.l70
Double track
o No debt, or bonds
60
all
owned.
F.
Checks mailed.
J.
J. N. Y.. Guaranty Tr. Co.
S. Hamilton Tr., Bk'lyn.
do
A.
do
!
i
.
Jan.
Jan.
1,
Men.
Aug.
1,
1,
1,
1900
1943
1927
1930
A
A
A
A
I*' M. A
7^
J.
7
J.
A.
do
do
do
do
do
8
N.
J,
O.
J.
A O
A D
A J
A J
do
do
do
do
do
N. Y., Blair 33 Wall
8ept. 1,
1901
May
3%
1, '00,
Jan. 1, 1928
Apr. 1, 1901
Jan. 1, 1902
Oct., '96,
St.
1%
1933
Junel, 1936
5 g. J.
Jan. 1, 1930
4^g. J.
M'thlytol903
5
J.
5 g. See text N. Y. .Wlnelow.Lan. ACo Jan. 1, 1938
5g. A.
do
do
do
do
Oct.
1,
The company is also one- fourth owner of the Peoria A Pekin UDlon
Ry., one-seventh owner in the Terminal Railroad Association of St.
Louis and two-fifths owner of the Indianapolis Union Railway and
partial owner of Dayton A Union, which is operated independently.
History, Etc.—A consolidation of the Cincinnati Indianapolis 8t
Louis A Chioago Railway Company, the Cleveland Columbus Cincinnati A Indianapolis Railway Company and the Indianapolis A St. Loutp
Railway Company, made In July, 1889, per plan in V. 48, p. 427. It
is one of the so-called Vanderbilt roads, the Vanderbilt interest having
been increased in Jan., 1900, to an absolute majority of the stock.
70, p. 75, 125. The St. L. Alt. A Terre Haute main line and branoh
were purchased in 1890 for $10,000,000 4s.
Caiital Stock.— On Jan. 1, 1890, the common stock was $20,500,000; it has been increased to present figure to acquire stocks of lines
absorbed, etc. Dividends on common stock were resumed in Mar.,
1900, 1% p. o. being paid for 6 mos. ending Deo. 31, 1899; dividend for next 6 mos. may be at the rate of 4 per cent. V. 70, p. 75.
'99
Div'DS.—
1900.
1890. '91. '92. '93. '94-*96. '97. '98
V
Common...
)
4
3
3
p. o.
3
none
none none none
Mar.,
H«
From 1890
to 1896, iucl., 5%. 2ifl
5
5 Inc.Apr..2i2
Bonds. The sinking fund provision of the Oleveland Oolumbus Cincinnati >£ Tndianapohs consol. bonds (stamped) has been canceled. The
principal of these bonds is payable in gold, but the interest is payable
at option of holder either in lawful money at 7 per cent per annum or
n British sterling at 6 p. o.
Preferred.,
j
—
Of the Indianapolis
A J.;
J.
St.
$24,468
def.36,852
g.
M.
792,000
428,997
2,571,000
2,000,000
125,000
1893
1896
1900
wild, O., to Sciotoville, 107 miles; tra< kage (Oin. Lebanon A Nor. to
Cincinnati), 4 miles; total, 111 miles. Preferred in Jan., 1896, paid 3
p. o.; July, 1896, 2 p. c; 1897, 4 p. c; 1898, 3 p. c; 189*. 4 p. c;
1900, Jan., 2 p. c. Equipment notes, June 30, 1899, $21,674.
The
entire capital stock or the Cinoiu. Conn. Belt KR. is owned and its
$200,000 bonds guaranteed, principal and interest. V. 70, p. 75.
Form of guaranty, V. 70, p. 230.
Earnings.— For year 1898-9, gross, $293,713; net, $72,869; int.,
taxes, etc., $29,900; dividends, $23,760; bal., sur., $19,159. In 1897-8,
gross, $270,384; net, $47,721.— V. 69, p. 852, 906; V. 70, p. 75.
1899
1898
6
&
A
A
A
?*
1,000
1,000
1,000
Report.— Annual report of (in. Nor. RR. and Det. Tol. A Mil. in V.
70, p. 581, showed: For calendar year, partly estimated; in 1899,
fross. $835,446; net. $158,086; in 189*. gross, $798.4 28; net,$24476.
'or fiscal years (actuali: in 18^8-9, trross. $783,0-:7; net, $89,614; in
1897-8, gross, $788,472; net, $85,729. Of the 1899 net earnings about
$118,000 was earned by the Cin. Nor. and $40,000 by the D. T. A M.
Cincinnati Portsmouth
M.
100
5,000,000
1,000
5,000,000
1,000
400,000
1,000 N'ne Ap.. '00
250,100
1888 l.OOO&d 2,935,000
192
192
J.
J.
N.Y.,J. P. MorganACo. Mch.,'00, l**%
27,987,835 See text.
Apr.20,'00,11*
do
do
10,000,000 5 in 1899 Q.-J.
May 1, 1920
M. A N.
do
do
689,000
6
Aug. 1, 1936
do
do
7.684,000
4g. Q.-F.
June 1, 1914
do
do
4,138,000 7 or 6 g. J. & D.
Jan. 1, 1934
do
do
3,205,000
J. A J.
July 1, 1919
Various
do
do
2,000,000
Nov. 1, 1912
do
do
500,000
g> M. A N.
?
July 1, 1940
650.000
do
do
g J. A J.
Sept. 1, 1901
M. A 8.
do
do
7
78,000
Sept. 1, 1940
do
M. A 8.
do
1,103,730
4
Jan. 1, 1939
do
do
5,000.000
4
J. <fe J.
Nov. 1, 1990
M. & N.
do
do
10,000,000
4
July 1, 1991
do
do
4,000,000
4
J. A J
June 1, 1993
do
do
12,634,000
4
J. & D.
1,000
1888
1871
1872
6
5g.
1,800,000
730.000
50
M.— See that Co.
Oleveland Lorain <6 Wheel— Pret. stock $5,000,000.
Consol. mort. (now 1st) $5,000,000, g.UsOT...C
General mortgage, $1,000,000, gold, N
o
Consol. ref. M., $10,000,000, g., red. at 102ig..c*
Car trusts (due $6,302 monthly) June 30, 1899..
Olev.dtMah.Val Con.M.(nowlst)$3,000,000,g.0Ar
1,000
18'.*0
1871
1.000
1890 500 Ac.
1890
1,000
1890 1,000*0
1891
1,000
1893
1,000
$750,000
650.000
series
mortgage bonds
<6 St.
Louis
first
"B,"M. A 8.;
series
"C,"M. AN.
series "
A"
are
Louis Division bonds, see deed of trust V. 52, p. 42-45.
As to the OincinnatiWabash dk Mich. 4 per cents, see V. 52, p. 718.
The 100 year mortgage of 1893 is limited to $50,000,000, of which
$29,252,000 were reserved to retire at maturity bonds outstanding on
the various lines (exclusive of Cairo division, Peoria division, Michigan
division and the St. Louis division west of Terre Haute); of the balance, $5,000,000 were authorized to be sold at onoe for double track,
equipment, etc., and the remaining $15,748,000 were issuable after
July 1, 189*.) for new construction, etc., at the rate of $1,000,000 a
vear; $3,634,000 were so issued In years 1895-99. V. 64. p. 1224.
Mercantile Trust Co. of New York Is trustee. In Feb., 1900, $25,61 8,000
general 4s were reserved for prior liens and $11,748,000 for equip-
ment, construction and betterments.
The Cincinnati <6 Springfield firsts are guaranteed, $1,000,000 of
them by C. C. C. A Ind. (now consolidated with CI. Cin. Ch. A St. L.)
and $1,000,000 bv the Lake Shore A Mioh. 8o.
General Finances.— On Jan. 1, 1900, bills payable only $3,425;
there were $117,150 equipment notes, payable In monthly instalments,
$39, '50 becoming due in 1899-00 Guarantees Interest on Louisville
A Jeffersonville bridge bonds jointly with the Cnes. <s O. The Cleve.
Col. Cin. A Ind. 1st s. f. 7s were paid at maturity on May 1, 1899. V.
68, p. 822. In Mar., 1900, dividends were resumed on common stook
—see V. 70, p. 75.
Traffic— In calendar year 1895 oarried 8,848,275 tons, of whioh
bituminous coal furnished 20 p. c, grain 12 p. o. and lumber 11 p. e.
Latest Earnings —From July 1 to Feb. 28 (8 months.)—
8 mos.
—
Oross.
Net.
Int., Ac.
Bal., rur.
18990
$11,207,278 $3,453,395 $1,910,009 $1,543,386
1898-9
823,540
2,754,756
1,931,216
9,807,813
Annual Report. —Annual meeting last Wednesday In October.
Report for 1898-99 In V. 69. p. 590,600. See also editorial, p. 571.
1896.
Tear end. June 30 1897.
1899.
1898.
Passenger earnings $4,245,U36 $3,850,126
$3,*65,193 $4,035,326
Freight
8,254,873
8,576,700
9,226,534 9,237,507
Mail and express.
912,449
847,982
932,887
930,657
.
.
Total earnings. .$14,404,457 $14,018,290 $12,832,515 $13,460,008
A taxes. 10,645,556 10,968.367 9.864.665 10.293.703
76-47
P. o. op. ex. to earns.
7687
7390
7824
.
Oper'gexp.
Net earnings
Rentals, interest, Ao.
$2,967,850
284.596
$3,166,305
252,319
$3,386,915 $3,252,446
$2,708,691 $2,687,049
237.091
196,333
201,165
375.000
500,000
375,000
$3,418,624
$2,639,863
204.647
500,000
$3,758,901 $3,049,923
336,992
338,497
Total net noome. $4,097,393
$2,672,544
Interest on bonds.
Rentals, etc
Dividends
Balance
.
sur.$723,689 sur$106,891
df.$46,6«4 but. $74,114
— (V. 69, p. 280,
590, 600, 1011, 1061; V. 70, p. 75, 125, 328, 429.)
Cleveland Lorain A Wheeling Rr.—fSee Map.)—Owns from
Lorain, O., to Bridgeport, O., opposite wheeling, W. Va., 158 miles.
Lester to Cleveland, 28 miles, and branoh to Bellalre, O., 6 miles:
total, 192 miles, and has trackage into Wheeling.
History.—This raiiicau is a consolidation Nov. 23. 1893. of the C.
W. railroad and" the Cfeve. A Southwestern. (S«m» V. 57. p. 979.1 In
Dec, 1899, control wa> acquired bv Blair A Co. of X. Y. V. 69. p. 1247.
I
A
.
5«
INVESTORS' SUPPLEMENT.
[Vol.
LXX
RAILKOAD STOCKS AND BONDS.
April, 1900.]
33
NabMcrlbem will confer a great favor by giving Immediate notice of any error discovered In the»e Table*.
.Be»w/«-- PrinciINTEREST OR DIVIDENDS.
RAILROADS.
Miles
pal. Whf-ri Due.
Amount
When
Rate
Per
Where
of
of
Par
Payable, and by Slocks— Last
For explanation of column headings, &c, see notes
Outstanding Cent. Payable
Road.
Bonds
Whom.
Value.
Dividend.
on first page of tables.
Olev. <6 Mar.—1st M., s. f., not drawn, gold, guar.c*
Oleve. <& Fittsb.— Stock, 7 p. o. guar, by Penn. RR.Co
Consol. sink, fund inort. for $5,000,000,notdr'n.c
Gen. M. for $10,000,000 gold
guar. p.
&
i.
(end.) Pa.
RR.
series
series
> aeries
)
>
C
A
B
c*
e*
O
do
do
do
Olev. Term'ld Valley— 1st M., $6,000,000 gold.c*&r
Oolebrookdale— lBtM.,$593,400,und.Read.M.of'96c
Colorado Midland— Common stock, $4,000,000
Preferred stock, 4 per cent, non-cum., $6,000,000
Pr.lien lstM.bds.,No8. 9,501 to 10,000,incl.(text>
Ce.c*
1st mortgage, $10,000,000. See text
103
199
199
199
199
75
13
- • .
'
Ce.c*
....
do
do
....
Colorado & Southern- Common stock, $31,000,000
1st pref., 4 per cent, non-cum., $8,500,000....
2d pref., 4 per cent, non-cum., $8,500,000
c* 1,086
1st mortgage, gold, $20.000,000 Ce
Col. Sp.<£ Orip. Or. Oisl. Ry — 1st M. $2,000,OOO.Ce Text.
.
Col. Wyoming dt Ol. JVo.— 1st M., $6,000,000, g.. c*
Columbia Southern— 1st M.. gold, $2, 100,000. N...
Columbus <k Cincinnati Midland 1st mortgage
—
Columbus Hock. Val. & Toledo— See Hocking
Columbus Lima <& Milwaukee— 1st mort., gold.A.c
Col. Marsh.
Col. San. dt
<6
Nirth'n-lat M.,
Hock.
RR.— New
g.,
$2,800.000..
rec'sctfs.,
28
71
Valle
40
115
1897
1897
1882
1899
1900
1895
1898
1884
i'.ooo
1,000
100
100
100
1,000
1,000
1,000
227
227
4
.
....
1889
1899
1,000
1,000
1895
1895
1895
1890
1893
1,000
1,000
1,000
1,000
1895
Stock.— Common, $8,000,000, and preferred, non-cumulative, 5 p. o. f
$5,000,000, par $100. After dividends of 5 p. c. have been paid on the
preferred and common both stocks share alike. V. 60, p. 1058.
Dividends. - On preferred in 1896, 3 p. o.; none sinoe.
Bonds.— The consolidated mortgage for $5,000,000 is now a
192 miles main line, including the extension
first lien on the
of 28 miles to Cleveland, completed Dec, 1894; also 105 miles sidings,
equipment, terminals, etc., now owned or hereafter acquired. Of the
$10,000,000 consol. refunding gold, 4^8, (Colonial Trust Co., N. Y.,
trustee); $5,000,000 are reserved to retire the first 5s, $1,000,000 to
take up the general 5s due June 1, 1936, the remainder being available for Improvements, etc. V. 70, p. 230, 480. Bills payable June
30, 1899, $100,785.
Earnings.— 8 months, > 1899-00.. Gross, $1,316,932; net, $314,203
1,037,042; net, 299,703
July 1 to Ft b. 28.
$ 1898-99. Gross,
Report.— Report for year ending June 30, 1899, was in V. 70, p. 227.
Showing gross, $1,621,981; net, $484,086, other income, $7,000; interest on bonds, $277,000 interest on car trusts, etc., $19,571; balance,
$194,515. 1897-98, gross, $1,501,431; net, $438,924. (V. 70, p. 739.)
Mahoning Valley Ry.- Owns from Cleveland,
Cleveland
O., to Sharon, Pa., 81 miles [57 double track]; Niles, O., to New Lisbon,
O., and branches, 44 miles. Leased to Nypano RR. (formerly N. Y.,
Penn. & Ohio) till 1962 rental $514,180 per annum, payable monthly.
In 1896oonsols for $155,000 were issued to retire the last of the prior
bonds and the consols are now a first lien on the entire road. Coupon
interest Is J. & J., registered interest, Q.—J. Stock is $3,259,200, of
which $2,758,250 is held by " Atlantio First Leased Lines Rental Trust
Dividends in 1897, 13%; p. c; in 1898,
Co., Limited," of London.
V. 63, p. 968.)
13*2 p. o.; in 1899, 13*a p.
Marietta Ry.-Owns from Marietta, O., to Canal
Cleveland
Dover, and branch, 103 miles, and 7 miles, Valley Junction to Canal
Dover, leased. Pennsylvania RR. obtained control in Oct., 1899, having
purchased about two-thirds of the stook, and took charge Jan. 1, 1900.
Stock, $2,000,000— par $100.— V. 69, p. 1345.
—
;
&
;
C—
&
Bonds.—New
$1,250,000
11,226,050
1,259,000
3,000.000
2,000,000
3,000,000
5,515,000
600,000
3,421,300
4,979,800
To be issued
7,500,000
1,011,000
30,995,000
8,500,000
8,500,000
17,603,000
See text.
500,000
272,000
2,000,000
yRy.
1897-8
$1,200,000
c*
mortgage (prior lien), $2,000,000, gold
0"
General mortgage, $10,000,000, gold.Mp
Income bonds, non-cumulative, gold
Zanesville Term'l Co. 1st m. for $500,000, gold. c*
Col. Ter. & Transf mtge. $350,000 gu. C. 8. & H.
Car trust notes
Receiver's certificates (old Co.) out in July, 1896
1st
1895 $1,000
00
1867
1,000
1892
1,000
1892
1,000
1898
1,000
1895
1,000
1868 100 &c.
100
100
mortgage for $2,000,000 is dated May 1, 1895,
and is guaranteed as to principal and interest by the Penn. Company
(trustee. Farmers' L. &T. Co., N.Y.). Sinking fund of 1 p. c. commences July 1, 1896; bonds bought at par but not subject to call.
Report for 1898, in V. 68, p. 1072, shows gross $421,988; net, $66,822; Interest on bonds, $56,250; balanoe, sur. for year, $10,572. In
1897, gross, $356,721; net, $9,059.— (V. 68, p. 1072; V. 69, p, 1345.
Cleveland & Pittsburg RR.— (See Map Pennsylvania Railroad.)
Cleveland, O., to Rochester, Pa., 124 miles; branches— Bayard, 0.,to New
Philadelphia, 31 miles; Yellow Creekto Bellaire, 43 m.; traokage, Rochester to Pittsburg (Pittsb. Ft. Wayne & Chic), 26 miles; total, 224 miles.
Lease— Leased for 999 years, Deo. 1, 1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. o. on $11,226,050 stook,
interest on bonds and organization expenses.
first
Bonds.— Generals are all equally secured; guaranty. V. 56, p. 604.
Earnings,— Fiscal year formerly ended Nov. 30; changed in 1898
to Dec. 31. Report for year ending Dec. 31, 1898, was given in V.
68, p. 1020, showing gross earns., $4,032,765; net, $1,363,532; profit to
lessee was $201,561.— (V. 68, p. 1020; V. 70, p. 429, 583.)
Cleveland Terminal &. Valley
See Map Baltimore ct
Ohio.
Owns from Cleveland, Ohio, to Valley Junction, 75 miles;
sidings, 67 miles. Successor, as per plan in V. 60, p. 437 and V. 61, p.
70, to Valley Ry. (of Ohio), sold In foreclosure Sept. 10, 1895.
Stock—Of the $4,615,300 common (par $50) B. & O. owns $4,594,300
oommon and of the $2,060,750 preferred, $949,200; par $100.
RR.—
Bonds—The first mort. bonds are guaranteed, principal and interest,
by the B. & O., endorsed; interest is paid regularly from earnings.
Earnings.—Year 1898-99, gross, $954,490; net, $320,973; other
inc. $7,202; Interest, $221,005; taxes.24,652; surplus, $82,518.— (V.
63, p. 791; V. 70, p 429.)
Colorado Midland Ry.— Owns from Colorado Springs to New
Castle, Col., 234 miles, including Snowden to Leadville, 8 m., not operated; Snowden to Arkansas Jot., 6 m.. Jerome Park branch, 15
miles; Aspen branch, 20 in.; spurs to quarries, 2 m.; Busk Tunnel,
2 miles; total owned, 279 miles. Leases New Castle to Rifle Creek, 14
miles, and Rio Grande Junction RR., Rifle Creek, Col., to Grand Junction, 63 miles total owned and leased, 356 miles.
Organization.—Successor Oct., 1897. to the Colorado Midland Railroad, foreclosed and reorganized per plan in V. 64, p. 1224, 1226.
In Apr., 1900, certain parties made an offer to purchase the stock
in the joint interest of the Colorado & Southern and Rio Grande
Western.— V. 70, p. 686, 1791.
Stock.—Both classes of stock will be held in a voting trust for six
years and thereafter until the first mortgage bonds shall have received 4 per cent interest in cash for three successive years. The voting
trustees are F. P. Olcott, Henry T. Rogers, A. H. Joline, W. Lidderdale
and Ceoil W. Boyle. As to voting trust, etc, see V, 66, p. 856, 1044.
BONDS.-Of the new bonds, $2,500,000 (originally $3,750,000) are
4s and $7,500,000 (originally $6,250,000) bear interest in cash at 2
545,000
(?)
&
N. N. Y.,Farm. L. & T. Co. May 1 1935
N. Y., Winslow, Lanier, Mch. 1,'00.1%
M. & N.
do
7
do
Nov. 1, 1900
4i« g. J. & J.
do
do
Jan. 1, 1942
A. & O.
do
do
Oct. 1. 1942
fc^g. M. & N.
do
Nov. 1, 1948
do
8 M. & N. N.Y., Brown Bros.de Co. Nov. 1, 1995
I
J. A D. Phila., Read. Co. Office. June 1, 1898
To be in voting t rust for 6 years or mor e.
To be in voting t rust for 6 years or mor e.
only if n ecessar y prior to July, 1903.
2-3-4 g. J. & J.
N. Y Central Trust,
July 1, 1947
4*2
K-
M.
Q.-M.
7
"
4
See
g.
,
&
J.
do
J.
text.
& A
5 g. J. & J.
M. & N.
f g J. & D.
5
g.
4ifl
J. & J.
5g. M. & N.
g J. & J.
i
Semi-an
5 g. A. & O.
2*3-4 g. J. & J.
4
F. & A.
g J. & J.
M. & 8.
i
453.000
341,000
50.000
500.000
July
& Co.
N. Y., Central Trust
N. Y., Central Trust
F.
1,
1947
Feb. 14,' 00,2%
Co
Co
Feb.
Jan.
1,
1,
1929
1930
1,
1,
1929
1930
Philadelphia.
Mav 1, 1925
N. Y..N.Y. Sec.&Tr.Co.l Dec
Dec. 1, 1948
Jan., '97, paid May, '98 Jan. 1, 1939
-
-
1,035,°00
2,000,000
7.446,591
1,778,000
do
N. Y., Hallgarten
New York.
May
N.Y., Int.B'k'g&Tr.Co.
Columb'B,0.,Rec'r8' Off.
Apr.,'97,coup.last paid.
None paid in cash.
Jan.
1900
1946
1945
Jan. ,'97,coup. last paid. July 1, 1940
1943
-
Oct.
Jan.
1,
1,
6
scrip for the interest up to 4 p. c not paid in cash, payable yearly on
July 1], and 4 p. c after July 1, 1902. See bonds in V. 66, p. 856
In June, 1899, $1,231,000 2-3-4s (originally 4s,
V. 68, p. 1131.
stamped interest reduced) were issued to effect a settlement with
Busk Tunnel bondholders.— V. 68, p. 1131; V. 69, p. 26, 1343; V. 65, p.
327, 367. Has right to issue $500,000 prior lien 4s if necessary prior to
July, 1903. The $116,000 equipment B 6 per cent bonds were paid
at maturity, Jan. 1, 1900, and an equal amount of 1st 4s will probably
be issued none issued to April, 1900.
The 2 per cent non-obligatory interest on the first 2-3-4s was paid in
scrip July 1, 1898, and July 1, 1899. -V. 69, p. 26.
;
;
Latest Earnings— 8 mos., ) Gross 1899-0..$!, 472, *250;
net, $425,189
Gross 1898-9.. 1,114,912; net, 193,123
Report.— Report for year ending June 30, 1899, in V. 69, p. 1343
Net.
T'rs. end. June30
Cross.
Misc. inc. Charges.
Surp.
1898-9
$1,659,797 $295,348 $10 593 $303,736 $2,205
1897-8
1,731,443
345,757
5,897
339.562 12,092
— (V. 68, p. 1131; V. 69, p. 26, 78, 1 343; V. 70, p. 686, 739, 791.1
July 1 to Feb. 28.
J
:
—
Colorado
& Northwestern Ry.— Boulder
to Ward, Col., 26*2
Oct., 1898. Branches projected from Sunset to
Eldora, Col., 19 miles, and Eldora to Middle Park Col. 45 miles; total, 90 miles. Stock, $500,000; par $100; all issued.
Bonds, $500,000 50-year gold 5s, dated Sept. 1, 1897 (M. 8.), Mercantile Trust Co.,
N, Y., trustee. Pres., VV. C. Culbertson, Boulder. Col.
miles, operated
Colorado
Junction,
from
&
Southern Ry.— (See Map )— Operates from
Wyoming, through Colorado
Lines owned.
Mites.
64
Cheyenne to Orin Junction
Denver to Bessemer Junct Col... 188
Denver to Lead v. (narrow gauge). 151
Como to Baldwin Mine ( do ). 131
Trinidad, Col., to Texas State line 135
to Fort
~
Other
lines, br.. etc. (K6
,_
Orin
Worth, Texas,
,
viz.
Mites.
nar. eau.
386
Track'igt— Pueblo to Walsenburg
(Denver as Rio Grande)
68
J
,
)
Total owned and leased
1,142
Worth & Denver City Ry., 455 miles
Has traffic and trackage agreement with Union Pacirlc, connecting
the Cheyenne & Nor. Division with the system at Greeley and Denver;
also trackage over Atchison tracks, Denver to Pueblo, Col. V. 69,
p. 179. In Sept., 1899, opened 21 miles of new branohes and in April,
1900, had completed 5 miles on extension up South Platte Canyon.
Organization.— Succeeded on Jan. 11, 1899, per plan in V. 67, p.
748, the Union Paciflo Denver & Gulf and Denver Leadville <fe Gunnison, loreclosed and sold in Nov., 1898. Owns a large majority ot
the common stook of the Fort Worth & Denver City Ry., which see. In
April, 1900, parties were negotiating to acquire the Colorado Midland in the ioint interest of the Col. & So. and Rio Grande Western.—
|
Also has large interest in Fort
V. 70, p. 739.
Voting Trust.—All
classes of stock are vested in the voting trusP. Olcott, Harry Walters, Henry
Budge and J. Kennedy Tod until Jan. 1, 1904, and then until the first
preferred stock shall have received a 4 per cent cash dividend for
three consecutive years. The voting trustees may, however, deliver
the stock at any earlier date.
Dividends.— Dlv. on 1st pref., 2 p. c, paid Feb., 1900, out of earnings for oalendar year 1899.— V. 70, p. 75.
tees, Grenville
M. Dodge, Frederic
Bonds. —The new mortgage is a first lien on all the road, equipment
and other pi operty, $2,2d0,OO0 being reserved for the acquisition of
coal properties, and for future additions, betterments, equipments,
etc., at not exceeding $300,000 a year. Statement to the New York
Stock Exchange in V. 68, p. 1027.
Earnings— 2 mos., \ 1900
Gross, $702,836; net, $133,628
Jan. 1 to Feb. 28.
Gross. 590,583; net, 184,894
<1899
Annual Report.- Statement of earnings for 1899 (December approximate) in V. 70, p. 75, showed
Gross, $4,033,728; net, after
taxes, $1,020,834; other income, $30,114; interest from Feb. 1, 1899.
:
$641,666; div., 2 p. c on J st preferred, $170,000; bal.,
For old company, year 1898, net $986,ol3.
Directors.— Frank Trumbull, Denver (President); Grenville
York (Chairman!, Frederic P. Olcott, Uariy Walters. Henry
nedy Tod, Oliver Ames, Norman B. Ream. Luther Kountze,
derson and Edward T. Bei wind.
-V. 69, p. 179, 283, 1103 V. 70, p. 75, 686.
sur.,
$239,282.
M. Dodge, New
Budge. J. KenKdwardC. Hen-
;
;
p.
c.
to July 1, 1900, then 3 p.
c to July
1,
1902, [with preferred stock
Colorado Springs
& Cripple Creek RR.— Under construction
in Jan., 1900, as a steam road from Colorado Springs to Cripple Creek,
Col., etc., to be, when completed 60 miles in length. Of this, 7 miles,
between Cripple Creek and Victor, being the former Cripple Cieok
Distriot (Electric) Ry., absorbed. Is operated, and 48 miles additional
are expected to be completed about Oct. 1, 1900. Certain terminal
lines in the Cripple Creek District will also be operated by electricity
for the local passenger business. V. 70, p. 328. Stock, all subscribed,
common, $1,200,000; preferred, 5 percent non-cum., $S00,000. Par
of shares, $100 each. In Jan., 1900, $1,300,000 bonds had been sold.
Beginning Jan. 1, 1902, a sinking fund of 5 per cent of gross earn
for preceding year cau retire bonds yearly at 110.
President, Irving
Howbert; Sec. E. F. Draper; Treas., F. M. Woods.— V. 69, p. 1147; V.
70, p. 75, 175, 328.
54
INVESTORS' SUPPLEMENT.
Ft.Fetterman.
I
A/
Ft. Casper
^—
^
i
V
C.
I
v
_
__
E
S
R
£
i
M/ O H
BISMARCK
A
N,,
/HELENA
.^/Lost Spring
«...X\
T,-
'Miles Ci<
Butte
D At;K O
.N.
Billii
^
I
f^Ciutiabar
Ul
Client
|P!i«»i;i
I
^
eadwood
YELLPWSTONE
I
PARK
weVidove
W
'
LXX.
[Vol.
D A RVO
A\
,T
v
Iwv o|m A
fit
|Icklioni# Lar^Sit
Pociitello
o
\N*E
?<&
UNIO
^
<*,-:<*.
?<•
oc
^J^'JULESBURG
^"^
<*0„
'*.,
ASK/
B
•^./.ookout
PAC.
K
-L
Ir()n
Altus!
A.
O K L
\\Horse CreeJ
/-Laramie ft!
Wielut
rt:
t1
y^v
UNION
Mountain
•
FT"
|
'COLORADO SPRS
s c hi
y
Cooper Lake^k
HuttonsM
\Vjyomingg
_j
>£*
jXelley
C Hampers
-^'
1
dfcfi?
Xs\d
o
A15
^
Soda Lakes^Buttes* '^ ''/''tl \o$Oj*
/-~xX HarueyV,
tv
^£o2&^2^
4?
SAKTA FE
Ub'uquerquel
/v\In e
Carr
EXJi
>
£
.ftv,
ncopa
A
L
/
R
M
I
\Dalla
fe
E^VP
lEl Pasd
^
N'ogales
kPierce
M E X
C
I
San Antonio
/GALVESTON
STouTgl ?^ ?'5 ^Eaton¥^
>
il
15
ARKINS-,
1
^1
.•>
*
-\
GRAN
~l
O n M
D
U
IN
^
LONGMON^jSrS?^.)^.
\y ard
V /
3W^<l!i
rB/O U L D BfW(\%
?•
OR
L^-^T M,
A
Cl
Y U M A
MISSOURI
u.-*n
Byers
A
o-
>
/P
I
O
H
--f
E
i
.Deer Trail\
O
^"AgaTeT
^ Godfrey
—
'BER
Cedar
**"•/,
'//
«sP«
I
lizabeth
jrou
•a
><-
\ r
^cK'*%BUay
R
^
\x
E
'*rio
'vff«A
ft,
HugbN^
K^
(•
JTUivide
T CARSON
Lake
fEastonville
eI^p|^.A
PACIFIC
Bend
Points
o
Raucfi^
.^_.^«
O
L
^* c*
!
v>
y
^j^ Aroya
J
a
H
<i
.%
CfranCEVILLE
•
^
\J\
'
-
>
Buttes
LLittle» Juttes
i
Wigwam 0_
_,iFlorence
Sanon
—^
\
y
V
S
A G U A
\
H
C
r^
City^^^^l
V
I
i
p
-jLj^^gl Norte
I
RIO
K
(J
%
*-—'
\
wv
a
o^
irg~
;
i-o
Ofeek
7
"TA
a»*
r^^rf
,-y^
I
Ti
)
^—_ J^| F ?'
//H U E R F«Al N O/
O
I
--^
>
JUrimerosj
L
pacific
Tf%s^/ ^K^^.
U Eg B L PTT^^
_ ^alt
—
I
|
jjU Capers Spur
Pinon
Overton
„ GrovLr
Be
«
San
CarlosM^
Carloski^'
r
pacifh
sH-
'Oa,
|
LE JC.
rffRANCEVILLE^JC.
itain\u
.J
N E
Mirag
ManitV^_|^^\\/
!
N|
•JC"
~t^
/
% f R\
Aspeu&
--1
«../
OBHue'rfaiR)'>^
A,
f
GRANDE^k
°
%aia
.
c?
^v>^
\\
^i^'M^
v ^s^fiffi^VSSjjfl /^
Alamosa
rno
GRANO
i
/H.
S Ti»o S
%yy°A
N/
1
M
A
BACA
S
SFORSCS
'iCONEJ
'«<
f*S
*,
i
N
Ceileyville
W
B\etW°*
Smith
M
fKatoa
MuT
s
Otero
MAP OF
&
^Enjerv,Gap
tA
_Ajps-^
?olsom
/ ^vDes Moines
[Dorsey'
THE COLORADO
N^s
SOUTHERN RY.
•-Grande
^Greenville
Mt.Dora
C
|
;
^^loyce |
Clayn^^^:
O
O
—— —— •— •—
T E X
^^^JfLINE
A
RAILROAD STOCKS AND BONDS.
April, 1900.
55
Subscribers will confer a treat favor by giving Immediate notice of any error discovered In theie Tables.
Bonds— Priad.
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When
Miles Date Size, or
Amount Rate Per When Where Payable, and by
of
of
Par
For explanation of column headings, &c, see note
Cent.
Payable
Road. Bonds Value. Outstanding
Whom.
on first page of tables.
Columbus <£ Xenio—Stock, 8 per cent rental
Concord <t Olaremont (N. Hj— 1st mortgage
Concord dt Montreal—Btock, Class I. (B. C. & M.
Stock. Class II (B. CAM. new)
Concord&Montrealconsol.mort.for$5.500,000.c*
o"
Debenture bonds, $650,000, currency
do
$500,000 cur.(V.69,p.ll93)c*
Do
Concord <t Ports.—Stock, 7 p.c rn'l, 99 yrs. Conc'd.
Confluence <£ Oakland— 1st mortgage, gold
Conn. <t Possum.—Pref. stock, 6 p. c. rent'1,99 yrs.o"
1st mort. (White Riv.Juno. to Canada line) gold.o*
Massawlppl st'k, guar.same dlv. as Conn. & Pass.
Newport & Rlchford 1st mort. guar, by C. & P.c*
Connecticut River— Stock ($2,670,000 authorized)
Sorlp, redeemable in ten years in cash or bonds..
o
Bonds, not mortgage, for $1,000,000, gold
Connecting (Phila.)— 1st m., gu. p. <fe i. Pa. RK. en. c
r
Connecting Terminal RR. (Buffalo)— 1st M
Erie & West. Trans. 1st M. called for payment..
Lebanon. Stock
Cornwall
r
New 1st mortgage for $800,000
.
Eastern—1st mort. ($11, 250,000). Ce.c*
Cumberland dk Pennsylvania— 1st mort. gold, guar.
Cumberland Valley— Stock ($484,900 is preferred)
let and 2d ms.,gold (2d $109,500 due Apr, 1908.)
166
262
1881
1890
1897
1900
40ia
1890
lxo
37
22
80
80
1893
24
24
<k
57
"82
1881
'Too
350,000
120,000
2,500,000
1,000
1,900,000
100
400,000
350,000
1,000
i'.obo
100 Ac.
1,000
1,000
50
1856 500 &o.
Columbia Southern Ry.— Owns from
Biggs, Ore., south to Moro,
In Sept., 1899, also under construction to Prineville, 95
miles; also projected from near Cross Hollows in Wasco County to
Canyon City. In 1899 made a mortgage for $2,100,000 to N. Y. SeTrust Co., as trustee, of which $272,000 was issuable at once,
curity
and remainder, it was said, at $10,000 per mile on additional road.
Pres.. E. E. Lytle; Sec, May Enright, Wasco, Ore— V. 68, p. 330.
&
Columbus & Cincinnati midland It R.— (See Map Salt, <t Ohio.)
—Owns from Columbus, O., to Midland City, O., 71 miles. In Jan.,
1899, the B. & O. reorganization committee had acquired for 94 flat
V. 6h, p. 129; V. 67, p. 1159. In Jan., 1900. the
B. <fc O. plan were being delivered. V. 69, p.
743. In 1897-8, gross. $405,988, net, $89,532; taxes, $10,979. V. 68,
p. 129; V. 69, p. 743; V. 70, p. 76.
new
all
the bonds.
securities
under the
Columbus Hock. Valley & Tol.— See Hocking Valley Rr,
Columbus Lima &. Milwaukee Ry.— Own railroad from
Lima, O.. to Defiance, 40 miles; completed Dec 1899. On Deo. 1,
1899, H. Q. Baker was appointed receiver on ground of default in
$42,000 loan. V. 69, p. 1103, 1193. Stock authorized, $1,000,000;
Bonds are issuable at $^0,000 per mile, not exceeding $7,par, $100
500,000, and are not subject to call. President, J. G. W. Cowles of
Cleveland.— (V. 69, p. 1103, 1193.)
RR.—
Columbus
Marshall 6c Northeastern
Projected and in
Oct., 1899, partly graded from Marshall, Mich., on Michigan Central
northeasterly
to
Bay
City, about 135 miles. In
(east of Jackson),
March, 1900, track laying was expected to begin in about a month.
Bonds
subject
to
call
par on any interest day.
are
at
Stock, (?).
President. H. E. Hollon, Marshall, Mich. (V. 69, p. 333.)
Columbus Sandusky & Hocking RR.—Road— Sandusky via
Columbus to Zanesville and southerly to Glouster, Shawnee and
Shawnee Junction, with branches; total, 273 miles, of whioh 226
miles are owned and 47 miles leased. Trackage to Toledo, 51 miles.
Receivership —Joseph Robinson is now receiver. As to receiver's
certificates and last coupon paid on the bonds, see table above. In
March, 1900, Joseph Robinson, receiver, was appointed special master to sell the road, but an appeal will be taken and the sale will
probably ocur in the fall of 1900.— V. 70, p. 531.
Stock of the Hooking Val. Ry. was reserved to acquire interests in the
Col. Sand. & Hock, or successor co. if at any time practicable or desirable.
V. 68, p. 40.
Reorganization Committee.— In June, 1899, the Fitzgerald committee disbanded, the securities deposited with the Mercantile Trust
Co. being returned. V. 69, p. 26. Litigation pending.
John G. Carlisle and Joseph F. Randolph of New York and Charles
8. Hinchraan of Philadelphia represent bonds deposited with the
North American Trust Company. V. 69, p. 78; V. 67, p. 842, 1160.
Stock, Etc.— Common, $7,500,000 authorized outstanding, $3,348.
392; pref. 4 p. c, cum., $4,041,000; par, $100. First M. scrip, $80,000Latest Earnings— 11 mos., < 1898-9... Gross, $"? 66,926; net, $78,235
July 1 to May 31.
711,163; net, 108,142
1 1897-8... Gross,
Annual Report.— Report for 1895-6 was in V. 63, p. 600 and 835.
1899.
1898.
fear* ending June 30—
1897.
1896.
Gross earnings
$837,681 $795,793 $796,074 $905,296
Net earnings
66,906
113,145
123.225
208,431
Taxes and rental
101,171
-(V. 69, p. 26, 78. 228, 439, 491, 541, 695 V. 70, p. 531.)
Columbus Wellston Sc Southern
Lancaster Junction,
O., at a connection with the Penn. RR.,to South Bloomingville, 34
miles. In March, 1900, the Columbus Lancaster <& Wellston RR. filed
a mortgage to John W. Dickinson, as trustee, to provide for extension
north from Laucaster Junction to Columbus, 20 miles, and south from
South Bloomingville to Wellston. 17 miles.— V". 70, p 480. Total projected road, about 100 miles. Stock authorized, all common, $2,000,
000; par, $100. President and Gen. Manager, Wdliaui H. Stevenson,
Lancaster, O.; Secretary and Treasurer, Jas. L. Clark, Chicago, 111.
Columbus A- Xenia
Owns from Columbus, O,, to Xenia, O.,
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from December, 1869, in connection with that road, to the Pittsburg Cincinnati Chicago & St. Louis, which pays 8 per cent on stock
The lease Is guaranteed by the Pennsylvania Railroad Company. The
0. & X. pays 8% percent dividend (n & out of assets) per annum, 2i 5 per
oent March 10 and September 10 and 2 oer cent June 10 and Deo. 10
Concord
Montreal
From Nashua, N. H., via Concord, Plymouth, etc, to Groveton and the White Mountains, 450
miles in all, (including Manchester & Keene, 30 miles, owned jointly,
414 miles; 35 miles double track. Branch from Manchester to Milforil.
18 miles, to be completed during summer of 1900, for which $500,000
3^8 will be issued. V. 69, p. 1193. On June 29, 1895, leased to Boston & Maine for 91 years at rental of 7 per cent per annum on all
Stook. V.69, p. 795, 1193, 1345.
:
;
RR.—
RR.—
&
RR.—
Concord A Portsmouth RR.— Owns Portsmouth, N. H, to
40^ miles. Leased to Concord RR. in 1862 for 99
Manchester, N. H.,
years.
Lease, rental, $25,000; 7 per cent on stock.
Confluence
Pa., to
Sc
Oakland RR.— Owns
Yough Manor, Md., 20
road from Confluence
Leased to B. Ji O
miles; built in 1889.
—
—
—
Q.
Q.
Q. —
Q.
7
7
7
6
J.
J.
4
4
J.
7
J.
J.
5 g.
M.
6
4
6
5
F.
g-
A.
F.
J.
J.
J.
&
&
&
<fe
<fe
<Sc
&
&
&
<fe
M
1.000
1,000
1,000
50
1891
1898
1891
7
&
270,500
8 g.
A.
&
Mar.10,'00,21*
Jan. 1, 1914
,
J. Bost., Treasurer's office.
J.
See text.
J.
do
J.
do
J.
do
J. B'ston.Faneuil Hall B'k
J.
N.
A.
O.
A.
J.
Apr2'00,l\%
Apr 2 'Oo,l%%
Apr 2 '00,1%%
Apr 2 '00,1%%
1911
1920
&
1920
do
do
1, 1920
Manchester, N. H.
July, -00, 3^3%
Philadelphia, Pa.
Nov. 1, 1914
Boston, S. Dep. <StTr. Co. Feb. 1,-00,3%
do
Apr. 1, 1943
do
do
do
Feb., '00, 3%
do
do
Jan. 1, 1911
D.| Boston Safe D. <fe Tr.Co.
D. Bos. S.D.
Tr., Boston.
D.
Due.
— Last
Dividend.
Q.—M. Columbus, O. Treasurer
J.
10
<fe
J.
2,580.000
4
A J.
1,290.000
4 g. M. & 8.
1,000,000
6
991,000
J5 &8.
M. & N.
5
500,000
5
J. & J.
450,000
800,000 4i*in'99 F. & A.
A. & O.
5
766,400
4 g. F. & A.
ffl
5 g. M. & N.
1,000,000
1,777,850 8 in 1899 Q.-J.
100
1893
1893
1864
1883
1892
82 6
44
3»s
100
20
6 ;75
1,000
1,000
1,000
1,000
28 miles.
nearly
$1,786,200
500,000
800,000
540,400
459,600
5,397,600
500,000
5,000,000
650,000
1,000
100
100
100
100
—
afi
$50
1894
pf.)
Stock, Class III. (B. C. AM. old stock)
Btock, Class IV. (Concord) $6,000,000 auth. Text
c
Bost. Con. & Mon. Improvement mortgage
Corvallis
55
71
o
Stocks
Boston, Mass.
Jan.
I
June
June
June
1,
1,
1,
Springfield or Boston.
Jan. 1,'00,5%
Jan. 1, 1903
Boston, Mass.
Sept. 1, 1943
Phila., Broad St. Stat'n 190O-'l-'2-'3-'4
Phila.. 26 S. 15th St.
May 1, 1903
Mav 17,1900
do
Lebanon, Pa. Feb.l, '00,2Ja
do
do
Apr. 1, 1921
New York City.
1998
Guar. Trust Co. of N. Y. May 1, 1921
Phila. & Chambersburg. Apr. 2, '00, 2%
do
O.
do
Ayr. 1, 1904-8
do
Co.'s off,
May
B. & O.
1. 1890, for 999 years, rental being interest on bonds.
also agrees to accept and cancel $20,000 of bonds per annum in payment of freight on interchanged traffic Bonds Nos. 1 to 100 may be
oalled in first five years, balance in second five years.
Stock is
$200,000.
Sc Passumpslc Rivers RR.— White River June,
Canada Line, 110 m.; leases 999 years Massawippi Valley, 37 m.
Lease.— From January 1, 1887, leased to the Boston &
Lowell for 99 years on a basis to pay Connecticut
Passumpsio stock
5 per cent till January, 1897, inclusive, and 6 per cent thereafter,
Connecticut
Vt., to
<fe
August, 1897, dividend being 3 per cent. In October, 1887, the Boston
Lowell, carrying this road, was leased 00 Boston <fe Maine. Stock
authorized, $3,000,000; outstanding, as in table.
Securities.— Massawippi stock receives same dividends as stook of
lessee, and $400,000 of it [not included ii the amount outstanding]
is pledged as part security for 4s of 1893 [$1,900,000 authorized]
which replaced $1,500,000 of 7s due April 1, 1893. (V. 57, p. 1040.)
Connecticut River RR.— Owns from Springfield, Mass., to
Keene, N. H., 74 miles (double tracked, 36 miles) branches, 6 miles.
Lease.— Leased for 99 years from Jan. 1, 1893, to the Boston &
Maine, annual rental (as amended Oct. 10, 1895) being 10 per cent per
annum on capital stock), payable directly to the stockholders in semiannual instalments Jan. 1 and July 1, and in addition thereto interest
on 4 per cent bonds and scrip and $2,000 for organization expenses.
Lessee pays all taxes, operating expenses, etc., but lessor shall issue
its stock or bonds for permanent improvements.
(V. 61, p. 470.)
Connecting Ry. (Philadelphia).— Owns from Mantua Junotion
to Frankford Junotion, Pa., 6*75 miles; total mileage including 2d, 3d,
4th tracks and sidings, 50 miles. Leased to Philadelphia <fc Trenton for
999 years, and with that road operated by Pennsylvania Railroad.
Rental pays interest, taxes and 6 p. c on $1,278,300 capital stock (par$50)
—all owned by Penn. RR. Current liabilities June 30, 1899, $1,417,601.
Connecting Terminal RR. (Ruflalo).— Owns a terminal road
one mile long in Buffalo, N. Y. Stock $20,000 (par $500) controlled in
same interest as the Erie & Western Transportation whose bonds
(authorized issue $1,500,000) are guaranteed principal and interest
by endorsement. The Transportation Company had outstanding £3,000,000 capital stock (par $50) on which 5 per cent per annum nas
been paid J&J. In March, 1900, the Pennsylvania RR. purchased the
Erie & Western Transportation stock. The $450,000 E. & W. T. bonds
have been called and will be paid at 105 on or before May 17, 1900.
V. 70, p. 429, 432, 532, 689. In year 1898-99 gross, $81,467; net,
$49,499; charges, $34,499.— V. 70, p. 429.
Coos Ray Roseburg A- Eastern RR. Sc lNavigation Co.— V.
69, p. 1345; V. 70. p. 175.
Cornwall A Lebanon RR.— Owns Lebanon, Pa., to Conewago,
22 miles; branohes, 3 miles. Dividends, formerly 4 to 4^ per oent,
yearly.were in 1893 6 p. c; also in 1892-93 paid a special dividend
of 13 p. c; in 1894, Feb., 2 p. c; in 1895, Aug.. 2 p. c; in 1896. 4
p. c; in 1897, 3 p. c; in 1898, 4 p. c; in 1899, 4^ p. c; in 1900,
Feb., 2»a p. 0. In year ending June 30, 1899, gross, $213,673; net,
$106,345; interest and charges, $45,565; dividend (4^ p. c), $36,000;
balance, surplus, $25,763. Car trust 6s, April, 1900, $19,000.— V. 65.
p. 571 V. 70, p. 632.
Corvallis Sc Eastern RR.—Owns from Yaquina o Idanah, Ore.,
142miles. Land grant was 850,000 acres. Organized in Dec, 1897, to
purchase and extend the Oregon Central & Eastern, which was the
successor of Oregon Pacific, sold in foreclosure Dec. 22, 1394. Mortfage (Central Trust Co., N. Y., mortgage trustee) secures $11 ,250,000
s, to provide for extension eastward to Snake River in Malheur Co.,
and to cover all railroad lines hereafter acquired up to 750 miles.
Earnings.— In year ending June 30, 1899, gross, $126,036; net,
$14,292; total deductions, $60,800. For 5 months ending June 30,
1898, gross, $47,111 net, $2,575. (V. 66, p. 335, 573; V. 63, p. 474.)
Cumberland Sc Ohio RR., Northern Division.— V. 70,p. 739.
<fe
;
;
-
,
;
Cumberland
Sc
Pennsylvania
RR.—Owns
from Cumberland,
Md., to Piedmont, Md., and several branohes, 57 miles. Owned and operated by Consolidation Coal Co., whioh guarantees bv eniorsement the
first mortgage.
V 52, p. 390. Stock. SI, 500,000: par. $100. For year
ending June 30. 1899, gross, $673,398 net, $283,530 charges, $30.750; dividends, $260,108; bal., def., $53,328. In 1397-3. net, *Li97,496.
Cumberland Valley RR.— Owns from Harrislmnr, Pa., to Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— Cumberland Valley A Martinsburg Railroad, 34 miles; Dillsburg <fe Meohaniosbnrg Railroad, 9 miles;
Southern Pennsylvania Railroad, 21 miles leases Mont Alto Railroad,
18 miles; total operated, 165 miies. (V. 61, p. 152.)
Stock.— Authorized, $2,000,000; outstanding, $1,292,950 common,
$241,900ftrst pref. and $243,000 seoond pref.; of tin
$50 common and $237,200 preferred are owned by Pennsylvania KR. Co.
Dividends— In 1880 to 1884, 10 per cent vearlv; from 1885, to
April. 1900, both inclusive, at rate of 8 per cent yearly.
Earnings. -2 months, > 1900
Gross, 9143,253; net. $52,971
Jan. 1 to Feb. 28.
Gross. 116,045;
S 1899
87,757
Report for 1899 was in V. 70, p. 580. Earnings entire line as follows
;
;
;
ml
56
SUPPLEMENT.
JLNTESTOKS'
MAP
oiT,
THE
(IF
**"'"*!***treaL>m
"o
DELAWARE & HUDSON
[Vol LXX.
I/Waterloo
LKarnham
RAILROAD SYSTEM.
JSutton
^°V
Jc.
D
ROUSE'SpV
'Ft.Oovington^-
m
Sheldon
W.CHAZY^
Beekmantowiil
«/0/|_
•Vn,-
Cambridge Jc
i
St.Johnsbury
*o*
\*«
^Clayton'
'<*
Ellzabet'litown o-.
Tu^pe* L.
1
^Vergennes
Wells River
fCapp Vincent
MOUNTAJ
IV,
#\H
<f*
'ort
*
"
!
*/
"*l
Middlebury
Henry
.»,,.,„Tliill..
Kir.
M 1U
-*"*
i-
>
„
Crown Poim*
^.Leicester Jc.
FT.TI
%&»l
**£
Pattel-sf-f Qffs}
dartlnsburg
\
Sandy
j^.Jk
%#"
Cr;
xv
RIVERS!
^ftrl*
J Richland
Transparent IS
Qoonvllle
Windsor
<$&
I
of °o,.
z|%,7
sto
jdffigtock*
T HURMANl>^p/';f
%1t\f
——
mi%,
?TONY— CREEK
*£swego
Piseco L.
W.Slony
aSPabur*
CALDVfELLf
Cr,
<>#
N
'
.
-
i
5
Richfield jc.
>v
I
/
ea//,.
jrri_&
wfcajub/dge
i^ ^^°fX^^^ i2s^fe^
^ IDGE >"
E B
c
v^S$'oso''-
Bennington
Richfield,
/»
\>
Springs
~""'"»eo/
o
M 'Vso
A5*CHERRY VALJj£y s^^cj o^
We.
Brattleborol
s
SSk
!
^
V
CooperstownrST
,
tn
$£jfe
i^T%
XI
ChWnango KbrksV
EbrtCrat/e^^
1°UrV
e
^jAfy
»^^% ^e^
\//
*
S
'«^
AndegQ
/v
'^f
5TR0Y
a
ownal
South Verno^nlir
No/th Adain^WsSi^,^
d%^3 %
% V% "^
%
Milford/)
V
&-o*'^^k.
Berlin
Norwich
L'isle
,•.»">;«,
/
t
if-^ e^
c
^
B,nont
j
•T»f
a
/
Coyemans.Jc.^
"'
QStamford
/
xS
'epos'
[JefreTQAjc.l
.Phoenicia^-
PalmerN
Ta
o
Parksville
Montrose
o
II"
?l^vlf
^<
\a\e
AoW
t
<c«5
^S
t
C.afllcoon
\
-/
x
°Ellenvill
Summit
LHO.N;EfebALE
V.
1
I
i»j
Collinsviile
L/tchfieldo
fJJI c
*
OWu
«%.
/ v?^7 /rA
\J
Lacka^a*"
zAtm^w
1 **
'****,
Rort
^oW banna
iOakland
Stroudsb'g V
J^Penn
V&irmr
Stofiy Pty<
JBribgeport)
V.
«,
^iforw/alkj
^
Haven
Catawisja
o0Bn
i
Branch
ch
Chunk
yj.9Vil5e.
iV
'v' /^3iorr!sfowji J
T
>onr
\S\vatara
ati 8 ^'
*•<
anch
XT
\ WaterburyJ
1
i
\l" TON
Annimjtod
Vateiftowntv
|
sboro
^ei*
°/
ontgomeryj
<Si.
Bernice
7
High Falls o
w Liberty
Jttontlccllo^
3
Winsted
Rhine^ck /J
i6a
S1
-^J \\<o'^
*-.
KsFaUs
C oO
x^^J
/.
H«ntington~
Hunter
WestfieldS
OreaVBe'nd^
\-
<?
I
r
1
N :NorwJb.hl
^^^Ludlow
i
,,
^
^/^»X
^&«L^f J oh Dsto
•
New
'e.
,el1
JRome/
prtiandV
".
f/
V*
^Earlvillel
"
Gas
o|
^"'"S^V HAD>^i?
fe
/S.Londonderry
*\ V « 'ffwSij5EDWARD<jf
,^ff
NorthvillePl BJCorinthD
#J
Salem /* BELLOWS FALLS
/Vr KingsB fc^J
/- GreeiitieldUOX sev0 f
/C
.YORK
1>
White R.Junei
Ipittsford
§ «5-Uff utnaln
NORTH CREEK
SiA
}
f
et' u
Middle'towtiJ
,
KAILEOAD STOCKS AXD BONDS.
April, 1900. J
57
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
Rate Per When Where Payable, and by Bloc fc«— Last
of
Par
for explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
Payable
on first page of tables.
Cent.
Whom.
Dividend.
Dakota Pacific—1st m..
g.,
ID.
$650,000
Dallas Fort Worth & Qulf—Uoxt., $1,000,000, g.o
Dayton <£ Mich,.— Com. st'k (3*2 p.c. guar.C.H.&D.)
Preferred (8 p. c. guar. C. H. & D.) endorsed
c
1st mortgage, guar. p. & 1. end by C. H. & D
Daytondt Union— latM.., sink, fund (notdr.)..CCI.e
Dayton <t Western 1st M., guar. L. M. and C. & X.o
Delaware Stock
Gen. M., $2,000,000, gold.o*
Delaware & Chesapeake 1st M., assumed, cur..c
—
—
Del.
<£
,
Bound Br.—Stock— 8
p. c. gu. Phila.
& Read
1st mortgage
2d mortgage, extended in 1899
Delaware <£ Hudson—Stock
1st mort. on Pennsylvania Div. ($10,000,000)c<fer
Bluff Point Land Improve. Co. lstM.,gold,guar.o*
Equipm't M., $1,500,000, i )0 payable May, y'ly.
Eiuipm't deb., $2,500,000, $200,000 an'ly, Jan. 1
Delaware Lackawanna d& Western— Stock
Con. M. now 1st M.on road & equip ($10,000,000)0
Delaware Maryland <6 Virginia— Stock
Junction & B.— 1st m.to State, extended
J unction & Breakwater 2d mortgage
o*
Gross
Int., etc.
Net
$960,281 $240,581 $42,908
903,369
249,835
41,805
Year.
1899
1898
-(V. 64,
40
1899
(?)
50
50
1871
142
32
38
224
117
54
L881
1879
1864
1892
1882
1,000
1,000
1,000
1...
...
39
44
BaL.surp
Dividends.
(8
(8
;
$55,445
66,402
?
Worth 6c Gulf Ry.— See Sdpp. of October, 1899.
Dardanelles Russell vlllc BR.-V. 69, p. 1011; V. 70, p. 480.
Davenport Rock Island 6c North western RK,- Moline, 111.,
Dallas Fort
via Rock Island and large bridge across Mississippi River to Davenport and Clinton, la., about 41 miles of track, operated from Jan.,
1900. In Feb.. 1900, the American Steel & Wire Co., it was understood, proposed to acquire the road and extend the same in 1900
through valuable coal lands owned in the same interests to Peoria, 111.,
about 85 miles. V. 70, p. 381. Stock authorized, all common, $3, ')00,OC0; par of shares, $100. No bonds authorized to Oct., 1899. President, J. W. Gates; Sec'r and Treas'r, Chas. E. Gates. V. 70, p. 381.
Dayton 6c Michigan H R.— (See Map Cincinnati Hamilton it Da
—Owns
Dayton,
O., to
11 miles.
Toledo June, O., 141 miles, and leases Desh
Trackage (Lake Shore) into Toledo. 1H miles
Lease.—Leased May
1, 1863, in perpetuity to Cincinnati Hamilton &
Rental is the interest and sinking fund of debt, and 8 per
preferred
cent on
stock and 3*2 per cent on common.
Securities.— Guaranty on preferred is secured by mortgage of 1871,
but the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 is held alive under mortg. of 1881, which is therefore a first lien.
Earnings.— Gross earnings in year ending June 30, 1898 (including
TroyA Piqua branch, 8 miles), were $1,576,293; net, $579,783; interest, $136,400; dividends, $180,967; bal., surplus. $262,416. In
1896-97, gross, $l,45t),519. Due lessee July 1, 1898, $1,222,887.
Dayton.
Dayton
Union RR.—Owns
from Dodson, O., to Union City,
Dodsdon, 15 miles; total operated, 47
6c
Ind.. 42 miles; leases Dayton to
miles. Operated by Cleveland Cinn.
Chicago & St. Louis, which, jointly
with the Cincinnati Hamilton & Dayton, owns the capital stook.
All surplus earnings over interest goes to a sinking fund for the redemption of bonds at not above 100. Capital stock, $86,300. For year
ending Oot. 31, 1899, gross. $152,258 net, $73,006; other income,
$7,208; charges, $29,024 balance, surplus, $51,190.
Dayton 6c Western RR.—.Owns from Dayton, O., to State line,
Ind.. 88 miles, and leases 4 miles to Riohmond, Ind. Leased from Jan. 1,
1865. for 99 years, renewable forever, to Little Miami, and so operated
by Pfttsb. Cin. Chic <fe St. Louis. Under terms of the lease, upon payment of the D. & W. bonds the Little Miami will become sole owner
of the D. & W. Of bonds $32,000 are 7s. Stock, $309,276.
Delaware
Shellpot Crossing, Del., to Delmar, Md., 95-22
miles; branohes, Centreville, Md.,toTownsend, Del., 35-15 miles; Clayton, Del., to Oxford, Md., 5430 m.: 8eaford. Del., to Cambridge, Md.,
32-97 m.; other branohes, 674 in.; total, 224-38 miles. V. 67, p. 1356.
Leased till May 1, 1927, to the Philadelphia Wilmington & Bait,
whioh owns $1,364,675 of the stock. Lease of 1889 expired in 1897
when new lease for 30 years was made, rental being net earnings— see
V. 64, p. 1000. Under the old lease 6 per cent was guaranteed on the
stock; dividends will hereafter be dependent on earnings; in 1898,
6 per cent; in 1899, 6 p. c; in 1900, Jan., 3 per cent. In year ending
Oot. 31, 1899, gross. $1,391,537; net, $402,793; other income, $14,110;
Interest, taxes, etc., $184,513; dividends, $179,228; balance, surplus
for year, $53,162. In 1897-98, gross, $1,211,477.-V. 68, p. 129.
RR.—
Delaware
Round Brook RR.— Owns
from Bound Brook
(Central of N. J.) to Delaware River. 27 miles branoh to Trenton, 4;
second track 27 miles all traok 77 miles. In May, 1879, leased for 990
years to Phila. & Reading RR. for $267,000, paying interest and 8 p. o.
on stock; lease assumed by Phila. & Reading Railway. -V 68, p. 722.
Delaware 6c Chesapeake Ry.— Clayton, Del., to Oxford, Md., 54
miles. Phila. Wilm. & Bal to. owns all the stock ($600,000), and operates the line, guaranteeing the bonds principal and interest. Earnings
6c
;
;
'.
for year ending Oct. 31, 1897, gross, $96,881 net, $10,843
and taxes, $21,109; bal., defloit, for year, 10,266.
;
Delaware & Hudson Co.— (See Map.)—Owns
;
interest
railroad lines ex-
tending from Wilkesbarre, Pa., via Albany, N. Y., to Rouse's Point, on
Canada line, with branches, 685 miles in all. Name changed from
Delaware & Hudson Canal Co., April 25, 1899. V. 68, p 871. The
system is well shown on the adjoining map, and includes:
Lines ownedMiles.
Lineslettsi tl USeethesecos. Mile*.
Laokawanna & Susquehanna.. 22 H Albany & Susquehanna
142
Valley rr. of Pa
17 UNewYorkA Canada
150
Gravity RR
34 H Rensselaer & Saratoga
192
Schenectady & Mechanicville. 10 HUnion RR
22
1! Cherry Val. Sharon & Albany
21 IT Jefferson RR. (traokage)
35
11 Schenectady A Duanesburg..
14 Other lines
7
—
Total operated
Also leases Utioa Clinton
44
miles, sub-let to
New York
& Binghamton and Romei&
Ontario & Western.
656
&
A
3"a
A.
8
5
.j.
A
7
.1.
A:
.1
it
.1.
A
<;
6&7
.—
£
3i2
1,500,000
j.
4
26,200,000 7 in 1899 u
M.
3,067,000
7
<t
(?)
526,758
185,000
250,000
O. Boston, Inter. Trust Co,
Cincinnati.
•
it
"3"
4
J.
<&
F.
&
do
r.
N. Y., Kessler & Co., Cin.
i) N.Y., Am. Exch.Nat.Bk.
.r
N. Y., Bank of America.
Checks mailed.
J
Phila., Broad St.Station
,r
j
do
Phila., 240 So. Third St.
Phila., Guar.T«&S.D.Co.
Phlla.,240 So. Third St.
N. Y. Of ,2 1 Cortlandt St.
.
do
do
do
do
do
do
do
do
J
Exchange
N. Y., 26
J.
H
do
do
J. Phila.,
1,
1929
Apr. 2, >00,13i
Apr. 3, '00,2%
Jan. 1, 1911
Dec. 1, 1909"
Jan. 1. 1905
Jan.2,'00,3%.
July 1, 1932
Feb. 1, 1912
Feb.20,'00,2%
Aug. 1, 1905
Aug. 1, 190&
Mar. 15 '00,1 >4
Sept. 1, 1917
Jan. 1, 1940
Yearly to 1909
1902 to 1915
Apr.20.*00,13i
Sept. 1,
Broad 8t. Station Jan.
1,
1907
1932
do
do
A,
PI.
Apr.
The canal ceased to be operated in 1898, its cost was charged off and
bed sold in June, 1899. V. 69, p. 1061; V. 68, p. 566. Tne new line
from Carbondale, Pa to Honesdale, Pa., 28 miles, was opened Feb.
,
21, 1900.
V. 70, p. 230, 379; see V. 69, p. 79.
History. Etc.—This company was chartered April 23, 1823. It is
one of the largest miners and carriers of anthracite coal.
Dividends
5 '83. '84. '85. '86. '87.'88. '89to'96.'97. ToMar.l90(>
5 yearly.
8ince*81,p.c
5
5 6 7 y'ly.
5
7
7 6
(
Dividends for 1900 fixed at 5 p. c, payable quarterly.— V. 70, p. 39.
Bonds.— Adirondack Railroad bonds carry the endorsed guaranty
of the D. & H. as to principal and interest. 8ee that company. In 1896
$1,000,000 N. Y.
Canada debentures were issued and guaranteed—
see that company. In April, 1899, made 3>« per cent equipment mortgage to the U. S. Mortgage
Trust Co., trustee, to secure $1,500,000
bonds, 10 per cent payable yearly, and in Dec, 1899, arranged to issue
$2,500,000 4 per cent equipment debentures for additional equipment.
V. 68, p. 670; V. 69, p. 1193; V. 70, p. 125.
General Finances.— On May 9, 1899, the stockholders voted to set
afide every year, as a sinking fund to retire stock and bonds and
guaranteed securities, an amount equal to at leatst five cents per ton of
coal sold or $175,000 to $200,000 per annum, to be charged against
income account each year. (V. 68, p. 9^6. See ordinance in full, V. 68,
Examination in 1898 showed tons of coal owned in fee by
p, 1180.
company, 165,186,393; tons of coal under lease, 58,361,400; total,
In 1898
223,547,793.
sold the stock of the Rutland RR. at cost
and 4 per cent interest, payable Jan. 1 and July 1, on account of which
$335,000 cash has been received, and of the balance $1,165,000 is due
on Dec 1, 1900.— V. 68, p. 184. In 1900 $200,000 stock was retired
from proceeds of the sinking fund. V. 70, p. 379.
Annual Report.— Fiscal year ends Dec. 31. Annual meeting is held
on the seoond Tuesday in May. Report for 1899 was in Chronicle,
V. 70, p. 379; see also editorial, p. 351. Coal (anthracite) carried in
1899, 6,430,050 tons; in 1898, 5,613,186 tons in 1896, 5,835,621 tons.
1897.
1896.
Tear ending Dec. 31.
1898.
1899
Receipts from coal. $7,617,840 $7,207,345 $7,709,441 $7,778,225
Railroads
11,011,126
9,907,357 10,061,167 10,201,634
589,442
566,584
Miscellaneous
452,288
607,189
&
&
;
Total
Net
;
;
A.
500,000
4*2 g. j. ,t
F. A: A
400,000
4
<)
1,800,000
8
f.
F. & A
1,500,000
7
M. <fe N
300,000
4
-Mch
34,800,000 5 in 1899
5,000,000
& S
7
300,000
4 g. j. & J.
1
194
8*
2,987,125 6 in 1899
1,000
1,000
467; V. 66, p. 706; V. 68, p.
Dakota Pacific It II.— Projected from Rapid City, S. D., to Mystic,
40 miles, of which 10 miles operated In June, 1899. and remain ier
under contract to be completed January 1, 1900. Stock. $650,000.
Pres., William T. Coad, Rapid City, S. D.; Sec, Forrest O. Murdock;
Treasurer, F. D. Gray.— (V. 08, p. 1180; V. 69, p. 28.)
ler to Findlay,
225,000
495,000
100
1875
1,000
1879 100 &0.
100
1877 l.OOO&c
1890
1,000
809
1900
50
1877
1,000
25
1860
1879
1,000
27
27
-
2,403,243
1,211,250
2,728,000
25
p.C)$142,22
p.c) 142,228
668; V. 'TO, p. 5 80.)
p.
$650,000
$1,000
Int., taxes
&
$19,081,254 $17,721,892 $18,360,051 $18,546,443
$5,870,421 $4,794,297 $5,274,389 $4,852,644
3,132,968
3,087,631
rentals
2,923,478
2,879,575
Balance for stock.
Dividends
— (V. 69, p.
$2,990,846 $1,870,819 $2,141,421 $1,765,013
$1,750,000 $1,750,000 $1,750,000 $2,450,000
26, 384, 1061, 1193; V. 70, p. 39, 125, 230, 379.)
RR.—
Lackawanna
(See Map.)- OperDelaware
6c Western
ates main line from Hoboken, N. J., opposite N. Y. City, to Buffalo, N. Y.,
410 miles, with branches to coal region, etc, 490 miles, including
Lines owned
Miles.
Lines leasedr— U Seeeaohco. Miles.
81
N. J. State line to N.Y. line ....114 IT Syracuse Bing. & N. Y
Br'nohes to N'rthumberl'nd,&c 80 ITUtioa Chenango <fe Susq
105
11
Lines leased
UValley RR. of N. Y
19
tfMorris & Essex and branches.157 ITWarren
50
1JN.Y. Lackawanna & Western. 214 Sussex, &o
—
—
Cayuga & Susquehanna
ITOswegoA Syracuse
History, Etc.—This is one
II
34
35
90O
Total operated
of the most important of the anthracite
ooal roads. No sub-oompanies (coal and mining) are controlled, the railroad owning ts mines. Original company chartered in 1832 presen>
title assumed in 1853.
Its leased lines are mostly held under long
leases, and the system is compact. In 1894 representatives of the
Vanderbilts entered the directory. See V. 57, p. 721.
'82-'84
'85
'86 to Apr..'00.
Dividends—
<1881
7*3
Since 1880, p. o.
7 yearly.
8 yearly
\ 6%
;
General Finances.—On Jan. 1, 1900, oash on hand, $3,103,0*1;
coal on hand, $2,464,568 advances to leased roads, etc., $1,762,079;
accounts receivable, $4,001,817; total, $11,336,545; accounts payable,
$5,761,998, Including reserve for Improvement.*. $767,229. Therefunding of $5,792,000 Morris & Essex bonds maturing prior to November, 19J2, will reduce the guaranteed interest charges of tin latter
about $200,000 yearly; Warren RR. refunding in 1900 and 1905 will
reduce charges about $50,000 annually.— V. 70, p. 477.
Annual Report.— Fiscal year ends Dec. 31. Annual meeting is held
on the Tuesday preceding the last Friday in February. The report for
1899, with balance sheet, was in Chronicle. V. 70, p. 3S0. 477. The following includes all lines except Syr. Bingh'ton AN. Y. aud 8ussex RR.:
1896.
Year end. Dec. 31.
1897.
1899.
1898.
Passenger earnings $3,951,051 $3,501,708
3,408.983 $3,406,492
Freight earnings... 15,707,945 16,00S,321 15,033,700 15,349,104
2,647,909Miscellaneous
2,559,334
2,658,315
1,666,126
;
$21,325,122 $22,168,344 $21,002,017 $21,403,505
Coal receipts, etc.... 21,315,799 21.528, 13S 22.973,382 22,896.382
Clinton "RR.,
Total gross reoe ipte.$4-\640,921 $43,696,482 $43,975,399 $44,299,887
58
INVESTORS'
SUPPLEMENT.
[Vol.
LXX.
RAILROAD STOCKS AND BONDS.
Aphil, 1900.J
59
subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
RAILROADS.
Miles Date 8ize, or
of
of
Par
For explanation of column headings, Ac, see notes
n,^™
Road. Bonds Value.
on first page of tables.
—
—
Delaware Maryland
(Concluded)
<& Virginia
Frank. 1st m. to State, red. aft. Jan. '95.
Worcester RR. 1st. M. (matured Apr. 1,'96) gold.c*
Delaware River RR. <6 Bridge
IstM., $1,300,000, gold, guar. p.Ai.,Penn.RR.o*
Delaware Susq. A 8. RR.— Stock (auth. $1,500,000)
o*
1st mortgage bonds ($1,500,000) gold
Denver Lakewood dk Golden 1st mortgage. F
Denver <6 Rio Grande—Stock, com., ($45,500,000)
Pref stock, 5 per cent non-cum. ($28,000,000) .
1st mort. $1,000 gold or £206 sinking fund. .c*<fcr
lstoonsol. mort. (for $42,000,000) gold.U».c**r
4*2 p. c. for refund'g 1st mort. 7s
do
do
Improvement mort. ($5,000 per mile) gold. . .C&r
Rid Grande South'n 1st mort., to be guar. (text).
Rio Grande Junction 1st mortgage, guar
c*
Denv. <k tiouthw.— Mid. Term. 1st M., gold, s. f.Fc*
Gen. M., $5,500,000, s. f., not subj. to call.Co.c*
Des Moines <t Fort Dodge— Common stock
Preferred stock, 7 p. o. non-cum
IstM.)
secures
S Series A, Int. guar., end
Do. 5 both equally I Series B, Int. guar., end ...
1st mort. on exten., Tara to Ruthven, int. guar.
De* Moines <t Kansas Oily— Bee Keokdk & West
Des Moines Union— Stock, $2,000,000
IstM. for $800,000, gold
Ce.o"
Detroti Bay Oily <& Alp.— See Detroit & Macki
Break.
A
19
35
—
1896
46
....
...
.
.
.
1874
1876 $500Ac
295
1,621
1,621
1,621
180
62
41
127
• •••
....
j88|
55
ERN
1,000
100
100
....
1871 500 Ac.
1886 500 Ac
1886
1,000
1888
500
1890
1,000
1889
1,000
1895
1,000
1899
1,000
100
100
1874
1,000
1874
1,000
1881
1,000
.
R R.
100
3-7
1887
1,000
189 1878
1.000
Orand Haven <t Mil.—\9,t equip. M. gu
o*
189 1878 200 Ac.
Consol. mort. , guar, by Gr. Trunk of Can
o*
65
Detroit Hillsdale <t 8. W.— St'k,4 p. o. rent'l.L.S. AMS.
• .
100
Detroit Orand Rapids <& Western— See Pere Marq UETTE RR.
Detroit Lansing <t Northern— See Pere Marquett E RR.
1897.
1898.
1899,
1896.
14,069,136
, fi q/,* q~ q aoa a=
658s aftn
860 5^ 23,4991772
Mining, Ac, expen..20;41i;627> 36 965 978$36
\
'
Net receipts
$10,235,266
Interest and rentals.
5,391,990
Acc'tsch'rg'doff.etc. 1,402,104
Dividends
(7 p. 0)...
'
'
'
$6,730,504
5,406,239
$7,316,539
5,406,239
$6,730,979
5,406,239
1,834,000
1,834,000
1,834,000
1,834,000
sr.$76,300 df. $509,260
President, W. H. Truesdale; Chairman of Board, Samuel Sloan,
-(V.69, p. 384, 1011; V. 70, p. 125, 279, 380, 477.
Bal. after dlvs...8ur.$l, 607,172 df. $509,735
Delaware Maryland
& Virginia RR.— Owns from Harrington
to Rehoboth, Del., 44 miles; Georgetown to Franklin City, Va., 54 miles
total, 98 miles. Controlled by Philadelphia Wilmington A Baltimore,
which owns $326,200 of stock, and so bv Pennsylvania Railroad. See
V. 50, p. 498. Loans and bills payable, Oct. 31, 1898, $405,035; other
Boating debt, $244,056. In year ending Oct. 31, 1898, gross, $222,014;
net. $32,070; interest, taxes, etc $47,357; balance, deficit for year,
$15,287, but this does not include int'st on the floating debt, $649,091.
,
Delaware River RR. A Rrldge Co.— Owns
a bridge over the
Delaware River near Philadelphia and about 10 miles of connecting
railroad. Capital stook ($1,300,000) is all owned by the Pennsylvania
RR., which guarantees the bonds, principal and interest, by endorsement on each. Sinking fund is one per cent, but bonds cannot be
called. See bonds and guaranty in V. 63, p. 1062, 1159.
Delaware Susquehanna &. Schuylkill RR.—Owns main line
from Drifton, Pa., to Gowen, Pa., 31 miles branches, 15 miles; total
owned, 46 miles. Trackage— Lehigh Valley RR., etc., 133 miles.
Opened Feb. 15, 1892. The road is controlled by Coxe Brothers A Co.,
the coal miners. Dividends Oct. 18, 1892, 40 p. o. In cash Nov. 25,
1893, 20 p. o. in cash and 50 p. c. in stock; Sept. 26, 1894, 262s p. c. in
cash. None since. Mortgage trustee Trust Co. of North Am. Phila.
Earnings.— Fiscal year ends June 30. In year 1898-99 gross.
;
;
$1,123,398; net, $162,085; interest, $36,000; bal., surplus, $126,085In 1897-8, gross, $1,091,186; net, $131,160.
Delaware Valley
dt
Kingston Ry
— To
672,000
4
400.000
671,000
5g. M.
own a standard-gauge
6
6
4
2,000,000
3,200,000
1,350,000
-
A tax..$ll,994,028
J.
A.
A.
J.
A
J.
A
A
A
A
N.
do
1932
1,
Overdue.
do
N. Y., Central Trust.
O. 5 Mechanics' Nat.Bk.,
O. ,1 N. Y. and London.
J.
Jan.
do
Aug.
1936
1,
Sept. 26, 1894
Apr.
1909
1,
Jan.15,'00,2%
Nov. 1, 1900
Jan. 1. 1936
Jan. 1, 1936
June
July
Dec.
Dec.
Dec.
1928
1940
1939
1925
1929
1,
1,
1,
1,
1,
Aug. 1/99,7%
1, 1905
1, 1905
1, 1905
Jan.
Jan.
Jan.
Nov.
1917
1,
Nov. 14, 1918
Nov. 15, 1918
N.Y.,Farm.L.ATr.Co Jan.
2, '00,
2%
Mortgage abstract in Chronicle, V. 47, p. 229.
General Finances.—On June 30, 1899, the company held in It*
treasury stocks and bonds valued at $2,102,1 00. The "special renewal
fund" held $439,950 Denver A Rio Grande in 1895 advanced Rio
Grande Southern $169,839 in cash and endorsed $573,498 notes given
for Rio Grande Southern floating debt, receiving therefor $671,000 Rio
Grande Southern firsts, one-half of the stock, and all surplus earnings
over fixed charges, taxes, etc., for three years from Jan. 1, 1895.
In January, 1898, the company consummated an arrangement with
Kuhn, Loeb & Co. and Speyer A Co. for the refunding of the $6,382,500 ist 7* due Nov. 1, 1900, into an equal amount of ist consols, bearing 4^ per cent interest. For terms of exchange offered to bondholders see V. 67, p. 176, 319, 788. On June 30, 1899, all but about
$1,657,500 7s had been exchanged. V. 67. p. 788, 1160. The reduction in fixed charges will be $160,000 yearly.— V. 66, p. 236.
The stockholders will vote on May 1?>, 1900, on a proposition to
Guarantee and then sell the $2,277,000 Rio Grande So. first 4s owned
y the companv for new equipment and other improvements.— V. 70,
p.
791.
Latest Earnings.— From July
—
1 to Feb. 28, 8 months
Oth. inc.
Charges.
Bal sur.
1899-0.. $6,858,663 $2,545,316 $116,192
$1,591,058 $1,070,450
1898-9.. 6,183,984
106,465
2,457,268
1,584,015
979,718
Estimated surplus for 6 mos. ending Dec. 31, 1899, $801,695; equipin nt, $126,000; surplus for dividends, $675,695.—V. 69, p. 1244.
Annual Report.— Annual meeting is held at Denver the third Tuesday in October. Full report for 189«-99 in V. 69, p. 439, 447. See also
editorial, p. 416. Construction account was closed In September, 1891,
since when all improvements have been charged against income.
1898.
Tear ending June 30— 1899.
1897.
1896.
Average miles oper'ted
1,670
1,666
1,666
1,663
8 mos.
Net.
Gross.
$
9,270,246
3,559,897
110,327
Gross earnings
Net earnings
Other inoome
Total net income
230,583,686.
Miscellaneous
<,<>ld< n RR.— Embraces 27 miles.of
which 22 steam, Denver to Ralston, and 5 trolley, Denver to
Barnum. In Dec. l>-99, W. W. Borst was still receiver, but reorganization was expected soon. Stock, $1,000,000. Part of road was sold
for taxes Nov. 1, 1894, but suit to declare sale illegal and void has
been pending, and in Dec, 1899, extennion was reported to be proposed to Idaho Springs, CoL. and expected to be completed within a
year.
For 1898-9, gross. $34,141; net, $3,016, against $4,314 in
1897-8. President, Samuel Newhouse.
do
The improvement mortgage (U. S. Trust Co., trustee), is issued on theproperty covered by the consolidated mortgage, and so eovers all the
company's property, following immediately after the consolidated.
road, in the interest of the Pennsylvania Coal Co., from tidewater on
Hudson River at Kingston. N. Y., to State boundary line opposite
Lackawaxen, Pa., 81 miles, forming part of an independent through
line from Pennsylvania coal fields. See V. 69, p. 1061, 1102; V. 70. p.
Denver Lakewood &
Pnila., Broad St.Station
A.
NAC.
Detroit
oper. ex.
& J.
A O.
F. & A.
See text.
A. A O.
J.
g.
4 g.
Philadelphia. Pa.
1,300,000
Drifton, Pa.
1,500,000 See text.
6 g.
Philadel., Co.'s Office.
600.000
6
627,000
38,000,000
23,650,000 4 in '99 J. & J. Office, 47 Wm. St., N. Y.
7 g. |M. A N. N.Y., Fourth Nat. Bank.
1,605,500
4 g. J. ife J.
do
do
28,717,000
do
do
4,725,000
4*ig. J. A J.
do
do
8.120,000
5k. J. AD.
4 g. jj. A J. N. Y., Maitl'd, O. & Co.
See text.
5 g. Ij. A D.
do
do
1,850,000
577,000
5 g. J. A D. N. Y.. Farm. L. A T. Co
5 g. J. A D.| N. Y., Kessler A Co.
4,923,000
4,283,000
7in"'99.
August. Chicago, C. R. I. A Pao,
763,500
4
J. A J. N.Y.,Chic.R.I.APacCo.
1,200,000
2i*
do
J. A J.
do
1,200,000
50
1894
1890
3
4
$200,000
400,000
1,000
....
—
RR.
pal, When Due.
Rate per When Where Payable, and by' ~ Blocks— hunt
rent
Pavahi«
Cent.
Payable
Whom.
Dividend.
"?;*
Interest on bonds
Taxes and insurance..
New equipment.
Dividend on pref.
stk..
,
$
$
$
8,342,926
3,325,326
62,403
6,945,115
2,869,779
51,683
7,551,187
3,202,406
57,334
3,387,729 2,921,462 3,259,740
3,670,224
1,900,810
1,997,950 1,997,950 1,997,950
337,552
362,098
351,991
352,786
177,590
143,568
129,179
275,133
67,323
74,046
(4) 946,000 (2^)591,250 (2)473,000 (2)473,000
track, of
Denver A Rio Grande RR.— (See Map)— Road—The lines of this
company, well shown on the adjoining map, reach all the important
points in Colorado, while its standard gauge line from Denver via Pueblo
westerly, via Leadville and Grand Junction, forms a link in the transcontinental route to Ogden, Salt Lake City, Ac, including
Miles.
Road owned and operated. ..1,593
Miles.
Of the preceding:
Rio Gr. Jo. RR., etc (leased)
62 Standard
rd gauge
682
Leased to Rio Grande West..
18
(Of which 301 is 3d rail.)
Narrow gauge only
991
Total June 30, 1899
1,673 2d track and sidings
357
The standard-gauging of the line from La Veta to Alamosa, 61 m.,
was completed Sept., 1899, being paid for out of " renewal f und."— V.
69, p. 448. In Aug., 1899. contract reported let for branch from Gato
to Pagosa Springs, about 30 miles, as Rio Grande Pagosa & Northern
RR. The U. P. Denver A Gulf uses tracks from Walsen jurg to Pueblo,
.
57 m., at a rental of $45,000 per annum.— V. 61,p. 421.
History.— Reorganization of a railway company of same name foreclosed July 12, 1886. The Rio Grande Junction is leased jointly by
this oompany and the Colorado Midland, and its bonds guaranteed.
Dividends since '90) 1891 '92 '93 '94 ,95 '96 '97 '98 '99 1900.
on pref., per. cent
s
2 2*9 4 Jan..?
In 1899, Jan. 16, 2 p. c was paid, placing the stock on a 4 p. o. basis.
In July, 2 p. c; 1900, Jan., 2 p. o.
Bonds.—Of the first consols (U. 8. Trust Cc.itrustee) $6,382,500 were
reserved to retire the first sevens when due, and they oan be issued at
such rates of interest up to 7 p. c. as will retire said bonds. Upon payment of the first 7s the first consols will be a first lien on all the property, as they are now on about 1,300 miles of road and all the equipment. V. 67, p. 176. As to refunding of first mortgage, see below.
Consols for $6,900,000 are reserved for extension to Ogden, 11
deemed advisable. Those unissued may be used with the consent of
a majority of the preferred stock for extensions ac not exceeding
820,000 per mile. See abstract of mortgage in Chronicle, V. 47, p. 228.
2^0 20 02
33, K-
Balance, surplus
307,252
31,198
218,390
Officers—Chairman of Board of Directors, George Coppell; President and Gen. Man.,E. T. Jettery; Treas., J. W. Gilluly; Sec. Edgar H.
Booth Comptroller, Stephen Little. Office, 47 William Street, N. Y.
—V. 69, p. 280, 439, 447, 1244; V. 70, p. 791.
;
Denver
Southwestern Ry.—Divide,
Col., to Cripple Creek
miles; Viotor to Isabella, 6 miles; branohes and spurs
to mines, etc., 52 miles; total, 127 miles, of which 43 miles standard
gauge. Incorporated in Nov., 1899, to consolidate Midland Terminal
Ry., Florence A Cripple Creek RR., Golden Circle RR., La Bella Mill,
Water A Power Co., Colorado Trading A Transfer Co. and to own
three- quarters interest in Metalllo Extraction Co. 8ee prospectus, V.
69, p. t51, 1011, 1103: also adv. in Chronicle of March 3, 1900. p. ix.
&.
and Florence, 69
Stock and Bonds.— Common stock, $3,000,000; 5 p. c. non-cum. preferred stock, $2,000,000; all issued. Of the gen. mort 30-year 5s $577,000 are reserved to redeem the outstanding $577,000 Midland 5s, the
only underlying bonds remaining unretired. Sinking fund of $95,000
yearly will retire bonds purchasable in the open market at not exceeding 110.
For year ending June 30, 1 899, cross earnings were $1,990,036; net,
after deducting *5 .768 for unacquired stock of Metalliol Extraction
Co.. $810,301; fixed charges, including $l_'o,000 srinkiug fund requirements, $395,000; balance, surplus, $415,301. Dividends on preferred
stock, 5 per cent, call for $100,000
President, W. K. Gilleit: Secretary and Treasurer, J. P. Cobb.— V. 69, p. 795, 851, 1011, 1103, 1147;
V. 70, p. 125. 429.
1
Den Moines & Fort Dodge
RR.—Owns Des Moines to Ft. Dodge
88 m., and Tara to Ruthven, 55 miles; trackage, Illinois Central, Tara
to Fort Dodge Junction, included above. Leased Jan. 1, 1SS7, to Chic
Rock Isl. A Pao. for 18 years at rental of 30 per cent of gross earns., with
a guarantee of 4 per cent interest on the Series A bonds, and 2>« per
cent per annum on the Series B bonds, both series being equally secured
by the mortgage of 1874. The series B were originally 6 per cent Incomes, but their coupons have been stamped, reducing the interest rat©
to the 2»« p. c guaranteed. Preferred stook is entitled to 7 p. c. noncumulative dividends, then common to 7 p. c after which both share
equally. Dividends.— On preferred in 1893, Aug., 2 p. c; 1S94, Aug.,
4 \>. c; in 1895, Aug., 4 p. c; in 1896, Aug., 6 p. c; in 1897, Aug.,
6 p. c; in 1898, Aug., 6 p. c; in 1899, Aug., 7 p. c. .V. 68. p. 1180.
Rental for vear ending Dec 31, 1898. was $lt0,730; for 1697 was
$151,325.— V. 64, p. 1181; V. 66. p. 1087; V. 68, p. 1180, 1223.
Des Moines No. & W. RR.— In 1899 acquired by Ch. M. A St. P.
la.,
60
Denver
R.R.
INVESTORS' SUPPLEMENT.
&.
&
Rio
io Grande
Grand
Connections
^
"" a * !,a
:
A
[Vol.
lXX
April,
RAILROAD STOCKS AUD BONDS.
1900.]'
61
Subscriber* will confer a great favor by giving: Immediate notice of any error discovered In these Tables.
RAILROADS.
Miles
'
Date
Size, or
INTEREST OR DIVIDENDS.
Per When Where Payable, and
Amount
Par
Rate
of
of
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding Cent.
on first page of tables.
Detroit <k Lima Northern-Stock, $8,000,000.
Receiver's certificates, $1,000,000
Lima Northern Ry., 1st mortgage, gold
100
.
Lima Northern, IstM., g
Ma.c&r
& Mackinac— " First lien," $1,500,000, g.c*
Detroit
Delroit
.
<te
"Mort. bonds" $2,500,000 gold, red. at par....c*
dk Tol. Shore Line— IstM., g
IC.c*
Dover <6 Rockaway—Stock 6 p. c, rental 999 years.
1st mortgage
Dub. & Sioux Oily— III. Cen., W. lines, 1st M.,g.o*<fcr
Iowa Falls & Sioux City 1st M., la. F. to 8. City
Cher <fe Dak and Cedar Rap. & Chic. 1st morts.
Shdulh <& Iron Range—1st mortgage
Mp..c*r
2d mort., currenoy, red. at 105, $5,000,000.Ce.o*
Duluth Missabe 4North'n—Stock ($5,000,000 auth)
1st mortgage, gold, sinking fund
1st consol. M., $3,500,00G,gold, subj.to call at 105
New 2d mort. ($5,000,000) gold, red. at 105.Ce.c
Dul.RedWingetSo.— lstM.g.,$20,000per m.Ce.c*<fer
•Duluth South Sh.<& Atlantic Marq.H.&On.Gen.M.c*
Duluth South Shore & Allan., 1st mort.,, gold.. c<fer
First consol. mort. gold, interest guar
c*<fcr
Inc. certs. ($3,000,000 held by C. Pac. Jan., '97)
Car trusts, Oct. 1, 1899
IDuluth Transfer— 1st mortgage for $2,000,000
Dunk.Al. Tal. <& Pittsb.—'W. & Venango 1st M., g.c
Warren & Venango, 2d mortgage
o
Dunkirk Warren & Pittsburg, 1st mort., gold. .c
2d <fe 3d mortgages ($200,000 only are 3d M.).o
East Broad Top RR.
Coal— 1st mortgage
r
East Mahanoy RR.— Stock
East Pennsylvania—Stock 6 p. o gu.999yrs.Phil.&R.
Detroit
.
.
—
,
.
80
183
All
All
53
'"&
218
184
197
184
184
130
130
25
156
416
572
20
35
35
56
56
<£•
IstM., gold, guar, p.&l.
byP.A
R. RR.(end.)...c*
1895
1897
1895
1895
1899
i',606
1,000
1,000
1,000
1,000
100
1881
1.000
1895
1,000
1869 500 &c.
1888
1887 l.ooo.w
1896
1,000
100
1892
1893
i'.o'oo
1898
1,000
14-18
1885
1887
1890
1892
1891
1870
1872
1870
1872
1873
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
50
36
36
1888
1.000
Dei Moines Union Ry.— A terminal road in Dob Moines owns 5
miles main track and branches, 9 7 miles 2d and side tracks, bridge
across Des Moines River and 25 acres of land in Des Moines. See
Btatemeitto N. Y. Stock Exchange V. 65. p. 1173. Leased to Wabash
RR., Chicago Great Western and Chic. Mil. & St. P. Ry. Rental equal to
expenses and fixed charges paid monthly by lessees on wheelage basis.
In Jan., 19C0, the Chic. Burl. & Quinoy made a contract to use the
terminals. V. 70, p. 230. Bills payable June 30, 1899, $59,274.
Earnings for year 1898-99, gross, $133,714; net, $62,073; interest and
taxes, $42,017; bal., surplus, $20,056.— V. 70, p. 230.
Detroit Bay City
Alpena.— See Detroit & Mackinac.
;
-
&
Detroit Grand Haven Sc Milwaukee Ry.— Owns from Detroit to Grand Haven, Mich., 189 miles. A reorganization of September, 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
1899, sundry outstanding
Grand Trunk of Canada owned Dec. 31, 1898,
Jan,
1,
aocounts, $296,642.
the $1,500,000 stock.
Earnings.— 2 months, ) 1900
Gross, $136,264; net, $18,979
Jan. 1 to Feb. 28.
Gross, 127,991; net, 10,706
51899
For year ending Deo. 31, 1899, gross, $1,002,839; net, $278,164;
charges, $362,247; bal., def., $84,083.
For year ending Dec. 31,
1898, gross, $938,232; net, $238,359; deficit under interest, etc., $127,327. For year 1897, gross, $1,029,679; net, $257,062. For year 1896,
gross, $964,357; net. $93,744; deficit under interest, etc., $277,266—
advanced by Grand Trunk Ry.
Detroit Grand Rapids
Western.— See Pere Marquette RR.
Detroit Hillsdale
&
& Southwestern RR.—Owns from Ypsilantl,
Mich., to Bankers, Mich.. 65 miles. Leased in perpetuity from July 1,
1881, to the Lake Shore & Michigan Southern Co.; the rental is $54,000
per year—4 per oent on stock. Gross earnings in 1895, $39,961.
Detroit
Ac
Lima Northern Ry.—Road— Owns
from Junction
with the C. C. C. & St. L. Ry., south of Lima, Ohio, to Tecumseh,
Mich., 102 miles; from Tecumseh to Dundee, Mich., uses 15 miles
of Detroit Toledo <fe Milwaukee Ry. trackage; from Dundee, Mich.,
into Detroit, the Detroit
Lima Northern owns its own track, 43
miles, including fifteen miles of side tracks to Detroit industries.
Col umbus Northwestern, owned in the Interest of D
L. Northern,
was opened Aug. 15, 1898, from St Johns to Peoria, O., 41 miles.
On Sept. 27, 1899, operation of the road between Lima, O., and Columbus Junction, formerly trackage, was discontinued.
Receiver.— On Sept 6, 1898, James B. Townsend, of Lima, O., was
appointed receiver. J. 8. Bache, of New York, is co-receiver. In Nov.,
1899, a separate receiver of the Col. Northwestern Division, St,
Mary's to Columbus, O., 64 miles, was ordered, but in April, 1900,
sale was temporarily tied up by litigation.— V. 69, p. 1011.
On Oot. 20, 1 899, $500,000 additional receiver's certificates were
authorized, making the total amount $1,000,000, of which $100,000.
to build track between Lima Junction and Adrian, was reserved until
further order of Court.— V. 69, p. 904, 1011, 1300.
Bondholders' Committee.— John E. Borne, Chairman, President
Colonial Trust Co.; E. A. Merrill, Jules S. Bache, Philip Lehman, and
Edward L. Oppenheim; Secretary, Frederick J, Lipman, 30 Broad
Street, New York. Depository, Colonial Trust Co., New York.
This
committee represents both classes of bonds In April, 1900, over 90
percent of bonds had been deposited. (V. 69, p. 905, 1011, 1300.)
&
&
Detroit Mackinac & Marquette RR.—See MiscellaneousCos.
Detroit & Mackinac Ry.— Owns from Bav City, Mich., to On.
away, 175 miles; Rose City Branch, 32 miles; Prescott Branch, 12
miles; Val. Branch, 26 miles; various logging branches, 67 miles; total,
312 miles. La Rocquo to Onaway, Mich.. 19 miles (which forms
part of the extension to Mackinac), operated from July 1, 1898. Much
of the logging branch mileage is temporary, built only to bring out
lumber. See V. 61, p. 558. Extension from Black River, Mich, northwest toward Cheyboygan, reported to be proposed, of which nine miles
graded in Nov., 1899. In 1898-9 carried 654,256 tons, of which
lumber and other forest nroduots furnished 86-81 per cent.
history, Etc.— Formed in December, 1894, to succeed the Detroit
Bay City & Alpena, sold in foreclosure. " Mortgage bonds" for $500,O00 are reserved for betterments, etc, at not over $50,000 per year.
The stock and $750,000 "mortgage bonds" are held in trust, and if
deemed best may be converted into preferred stook. See V. 60, p. 130Stock.— The oapital stock is $3,000,000, of whioh $1,000,000 preferred is issuable only for conversion of bonds as above.
Latest Earnings.—
> 1899-1900. Gross, $490,100; net, $142,980
8 nios., July 1 to Feb. 28. 5 1898-1899 Gross, 344,069; net,
89,270
Earnings— Report for year ending June 30, 1899, in V. 69, p. 1008
showed: Gross, $601,441
net, $203,899; interest, $118,160; taxes,
$13,109; balanoe, surplus, for year, $72,630.
Officers.— President. J. D. Hawks of Detroit. (V. 69, p. 1008.)
Detroit Toledo
Milwaukee
Owns Allegan to Dundee, Mich., 133 miles
leases Allegan to Holland (from C. & W. M.in;
•pec, 1897), 23 miles; trackage (Ann Arbor Ry.), Dundee to Detroit,
23 miles, and Holland to Grand Haven (Chio. & West Mioh.), 21 miles—
•see V. 65, p. 1173. Operated by Cincinnati Northern from Feb. 1, 1899.
;
&
;
RR.—
Whom.
Payable
Ho n lis— Principal,
Due.
When
by
Stocks— Last
Dividend.
(?)
900,000
6
1,194.000
5 g. A. <fe O.
2,335,000
5 g. A. & 0.
990,000
4 g. J. & D.
2,000,000
4g. J. & D.
See text.
5 g. J. & J
A. & O.
140,000
6
35,000
J. & J.
6
5,425,000
4 g. F. & A.
A. & O.
2,800,000
7
3,930,000 Deposite d to sec
A. & O.
6,732,000
5
See text.
6
J. & J.
2,512,500
1,111,000
6 g. J. & J.
2,176,000
6g. J. <fe J.
2,644,000
5 g- J. & J.
500,000
5g. J. & J.
A. & O.
6
1,077,000
3,816,000
5 g. J. & J.
15,107,000
4?. F. & A.
4
3,000,000
490,915
1.180,000
6 e. J. & J.
1,000,000
7g. J. & D.
300,000
A. & O.
7
1,000,000
7g. J. & D.
600,000
A. & 0.
7
500,000
4
J. & J.
J.&D.lB
497,750
5
J. & J.
1,730,450
6
495,000
4 g. M. & 8.
In default.
Oct. 1,
In default.
Apr.
N.Y..J.P.Morgan&Co. June
do
do
June
1st coupon July 1, 1900 Jan.
N. Y.. 143 Liberty
St.
do
do
N.Y., Office, 214 B'way.
do
do
ure 111. Central 4s of 19
N. Y., Of.,
1,
Aug.
1,
1,
1906
1951
1917
1,
1,
1937
1916
do
Jan.
do
do
N. Y.. Central Trust Co.
N. Y., Nat. City Bank.
do
do
New York or London.
New York.
July, '95, coup, last pd.
N. Y..N. Y.Cent.&Hud
do
do
do
do
do
do
Jan., '85, int'st last pd.
Pbila., Pa., Read. Term,
Phil., Phil.
& Read. Ry
do
do
3%
Jan.
Empire
N. Y., Central Trust Co.
1945
1947
1995
1995
1958
Apr., 1900,
Oct.
52.
Bldg. Oct.
do
1,
1,
1,
1,
1922
1923
1918
1928
1925
1937
Aug.
1990
Dec. 31, 1912
1903 to 1906
Jan., 1921
June 1, 1900
Oct. 1, 1900
June 1, 1900
Oct. 1, 1900
July 1, 1903
Decl5,*99,2ia
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
1,
1,
1,
1,
1,
1,
1,
Jan., '00,
Men.
1,
3%
195b
Incorporated in June, 1897, to take over the Michigan Division (as
above) of the Cincinnati Jackson & Mackinaw. Under amended reorganization plan of Mar. 5, 1900 'V. 70, p. 583) the $1,600,000 mortgage is to be canceled and the stock reduced from $1,500,000 to
$1,000,000 and both placed in the Cincinnati & Northern treasury
subject to sale. For year ending June 30, 1&99, gross $252,883; def.
under operating, $22,806. Net earnings for calendar year 1899 (Nov
and Dec. estimated) about $40,000. —V. 66. p. 708, 1089; V. 70, p. 583.
Road from Toledo, Ohio to
Detroit &. Toledo Shore Line
Detroit, Mich., about 53 miles, expected to be completed in 1900.
See V. 68, p. 1132; V. 69, p. 130. Bonds issued Oct. 1, 1899, $1,600,000. President, John H. Doyle, Toledo, O. V. 69, p. 130.
Dominion AtlantlcJJRy.— V. 68, p. 524; V. 69, p. 1061.
Dubuque &. Sioux City
(See Map of Illinois Central)—
Owns Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa,
to Sioux Falls, Dakota, 155 miles; Cedar Falls to Minnesota State Line
(merged by consolidation in 1896), 76 miles total owned, 600 miles.
Organization.— Controlled since April, 1887, by the Illinois Central
RR., which owns $9,938,600 of the $9,999,600 stock and has issued
its own bonds on the road; the only D. & 8. C. bonds held by the public
are the 7s issued under Iowa Falls & Sioux City mortgage, $2,800,000.
Dividends— In 1888, ^ of 1 per cent; in 1891, 2 in 1892, about i 5 of
1 p.c; in '93, 1^ p.o.; in '94, 2*$; in '95, Dec, 1; in 1896, 3 p. c; in
1897, 2 p. c; in 1898, 3*1) p. c; in 1899, June, l^s p. c
Duluth
Owns Duluth to Ely, Minn., 116
Iron Range
miles, with branches to Mesaba Range Mines, Fayal, etc., 65 miles. Owns
ore docks and yards on Lake Superior oosting over $1,500,000.
Stock, Etc.— Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, of which
201,790 acres had been patented to it prior to April 30, 1895— V. 64, p.
1041. The Federal Steel Co. (see Miscel. Co.'s) owns the stock and
*3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66, p. 1237.)
The first mort. bonds are authorized at the rate of $25,000 per mile for
construction and $7,000 for equipment.
Earnings.— For year ending June 30, 1899, gross. $3,051,127; net.
$1,548,058; other income, $35,007; interest, $606,600; balance, surplus, $976,465. In 1897-8, gross. $2,818,888; net, $976,299; balance,
surplus over charges, $451,384.— V. 67, p. 71
,
RR.—
RR.—
;
;
&
RR.—
&
Ry.—
Duluth Missabe Northern
Owns from Duluth to Mountain Iron, Minn.,77 miles; branches, 53 miles; trackage to Union Depot,
Duluth, 2 miles; total, 132 miles. In September, 1893, control of this
road was obtained 6y the Lake 8uperlor Consolidated Iron Mines, with
a capital of $30,000,000. On June 30, 1898, funded debt was $5,564,277; current liabilities, $582,286 current assets, $549,983.
Earnings.— For year ending June 30,1899, gross. $2,477,490; net,
$1,352,315; other income, $2,105; charges, $527,400; bal., surplus,
$827,020. In 1897-8, gross. $2,091,886; net, $963,930; other income, $30,690; charges, $1,287,723; balance, deficit, $293,103. Total
tonnage in 1894-95 was 1.805,255 tons, of which 1,704,679 was ore.
Ton mile rate, 0996 cent. V. 69, p. 542; V. 70, p. 175.
Duluth Sc New OrloaiiH.lt It — V. 70, p. 583.
Duluth South Shore & Atlantic Ry.—Operates Duluth to Sault
8te. Marie, 416 miles; "Soo" Junction to St. Ignace, 43 m.; other. 127
m.; total, 586 miles. Controlled by Canadian Pacific In Feb., 1900,
branch reported to be proposed to Lake Gogebic, about 60 miles.
Capital Stock.—Common stock is $12,000,000 preferred, $10,000,000; par both $100. Preferred stock is 6 per oent, non-cum. Canadian
Pacific Jan. 1, 1898, owned $6,100,000 com. and $5,100,000 pref. stock,
$3,000,^00 incomes and $15,107,000 oonsols.
Ronds, &c— Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per oent.
guaranteed by Canadian Pacific, which Jan. 1, 1898, held the entire
outstanding issue [$15,107,000] in its treasury as security for its 4 p. c.
debenture stook consols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines.
General Finances.- On June 30, 1898, loans payable $1 ,451,655.
Of the tonnage in 1897-8, ores furnished 58 p. c, lumber, etc., 25 p. c.
Latest Earnings.— 8 mos.,) 1899-00.Gross, $1,726,601; net. $719,530
July 1 to Feb. 28.
1,253,825; net, 409,671
S 1898-99. Gross,
Earnings.— For year ending June 30, 1899, gross, $2,007,725: net
$675,353; otherincome, $5,281; interest on bonds, $859,700; taxes
etc., $53,281; other interest, $16,104; balance, deficit for year, $248,451. In 1897-8, gross, $1,748,389 net, $642,455.
Duluth Transfer Ry.— Operates 24 miles of track. The mortgage for $2,000,000 is to the Metropolitan Trust Co. of New York,
as trustee. Interest due January 1. 1896, was not paid. John Eliot
Bowles was appointed receiver in September, 1896. Decree for foreclosure was obtained December 21, 1896, but no date of sale fixed and
no plan prepared to April, 1900; upset price $500,000.
Bondholders' Committee.—Thomas S. Krutz, Thomas G. Hillhouse. William W. Cook of New York, C. Lippitt of Norwich, Conn.,
and John Foster of Providence control all the bonds.
Stock, $2,000,000; par $100..— V. 63, p. 504, 1159.
;
.
;
;
;
62
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
Bonds— Prim iRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal.WhenDce.
Amount Rate Per When Where Payable,
of
Par
of
For explanation of column headings, &c. see notes
and by Stocks—Last
Outstanding
Road. Bonds Value.
Cent.
Payable
on first page of tables.
Whom.
Dividend.
East Shore Terminal
—
1890
1894
1892
1st mortgage, gold
c*
scrip (1st and oonsol. mortgages)
M. ($300,000), g., red. at 105 &int. anvM.&S.
Funded coupon
2d
31
Eaxf\Tenn.ciW.y.0ar.— lstM.$250.000 Uu.P.cur.c.
117
East A West RR —Stock $1,500,000
Eastern Kentucky Ry.— Stock ($1,779,500 Is pref.)
94
8tock
Eel Rivet
181
Elgin Joliel <t Eastern— lstM. ($10,000,000) gold.o*
Elmira Cortland <£ Xorthern—8ee Lehigh Valley RR.
34
Elmira <* Lake Ontario— Sodus Bay & 8o. 1st M. g c
Elmira A Williamsport—SVi, com., 5 p. c. ren'l, N.C. 75ia
Preferred stock, 7 p. o. rental, 999 yrs., No. Cent, 75 la
lstmort., convertible into common stook at par.r 75 la
Income bonds, 999 years to run
c*
20
Erie <& Central N. F.— 1st mort., gold, $800,000. .c*
85
Erie dt Pitts.— Stock, 7 p. o. rental,999 yrs..PennCo.
81
General mort. (now 1st) $4,500,000, gold, guar..
$1,000
Text.
1,000
1881
100
100
100
—
—
,
.
Erie Railroad Company— Common stock
- Pref. stock, non cum. ($16,000,000 is 2d pref.)..
A— Old Bo ndw Assumed— Roads Consolida TED.
&E.
1st
M.,Plerm.
to
Dun.,
ext.,
'97,
gold..c"
446
N.Y.
446
c*
2d mortgage, (extended in 1879) gold
446
3d mortgage, (extended in 1883) gold
o*
465
4th mortgage, (extended in 1880) gold
c*
5th mortgage (extended in 1888), gold
465
o*
Erie R'y.lst M.,Buff. Br., Hornellsv. to Attica.g.c*
60
526
1st oonsol. mort., $30,000,000, gold, $ & *...c*
526
N. Y. L. E. & West, funded coupon bonds, gold.c*
Bun. N. Y. & Erie, 1st M. (Buffalo to Corning, .c* 140
67
Buff. & Southw., 1st M., Buff, to Jamestown, g.c*
12
Newburg <fe N. Y. 1st mort., extended in 1889.. c*
23
Suspen. Bridge & Erie June, 1st M., gu. by Erie
-
Dunkirk Allegheny Valley
6c
.
1891
1,000
1884
1,000
50
50
- . -
---
1860
1,000
500
1863
1895 100 Ac.
50
1.000
1890
100
100
....
1847
1879
1853
1857
1858
1861
1870
1878
1876
1877
1868
1870
1,000
1,000
1,000
1,000
500 &C.
200 &C.
1,000
500 &0.
1,000
50
Ac.
1,000
1,000
Pittsburg.— Owns from Dun-
A
consolidation in 1872
& Pittsburg and the Warren A Venfor 500
years from 1873 to New
York Central & Hudson River RR., but accounts are kept separate.
Rental is interest on bonds and lia per cent on stock. Capital, $1,300,000: par, $100. The N. Y. Central & Hudson River Co. owns $1,067,600
of the stock. For year ending June 30, 1899, gross, $236,739; net,
after deducting taxes, $34,316; charges and dividends, the latter
$19,500 (l^p. c.) paid by N. Y. Cent.
kirk, N. Y., to Titusville, Pa., 91 miles.
of the Dunkirk Warren
ango companies. Leased
Durham
6c
Northern Ry.—Merged
board Air Line Ry., which
In
1900
in the
new
Sea-
V. 69, p. 334, 542.
see.
East Broad Top RR. 6c Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, and leases Shade Gap, 11 miles,
and branches to mines, 3 miles total, 45 miles. A coal road opened
In 1874. Stock $815,589 (par $50). of which $247,189 is 6 p. c. pref.;
current liabilities June 30, 1899. $304,519. Mortgage loan on part of
equipment, $42,400, interest, 6 p. c, payable M.-N. Other bonded
debt in addition to first mortgage, $42,888, interest, 6 p. c, payable
;
M.-N.
Year ending June 30, 1899, gross, $61,588; net, $8,347; other income, $84; interest, etc., $24,228; bal., deficit, $15,797. (V. 67, p. 177.)
East Irlahanoy RR.— Owns from East Mahanoy June, to St.
Nicholas and branches. 11 miles. Re-leased Dec. 1, 1896, for 999
years to Little 8chuylkill Nav. RR. and Coal Co. at 5 per cent on stock,
and lease assigned to Phil. & R. Ry. Of the stock $280,000 is owned
and deposited by the Reading Company under Its general mortgage.
East Pennsylvania RR.— Owns Reading, Pa., to Allentown, Pa.,
35 miles; second track 18 miles; all track 73 miles. Leased for 999 years
from May 1, 1869, to the Philadelphia & Reading RR. at a rental of 6
per cent per annum on tbe stock and interest on the bonds. Lease assumed in 1896 by the Phila. & Reading Railway Co. Of the stock
$878,850 is owned by the Reading Company, $875,000 of which is deposited under its general mortgage of 1897.
East St. Louis 6c Carondelet Ry.— East St. Louis to Falling
Springs and E. Carondelet, 12 m. First 7s. $200,000 were paid in '97.
Unfunded debt March, 1899, $200,000. Year 1898, gross, $119,083;
net, $54,031; charges, $$11,611; balance, surplus, $42,420.
East Shore Terminal Co.'s
RR.—Road.— Owns terminal road
in Charleston, 8. C, 3 miles double track laid with 60 pound steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of
land, 4 cotton compresses, etc., on the city's water front, these being
connected by lt6 own road with the other railroads entering the city. In
February, 1898, the interests controlling sold their holdings to C. C.
Cuyler, or Cuyler, Morgan & Co., New York, in the interest of the
Plant system and associates. Bonds have been deposited with the
Metropolitan Trust Company.
Receivership.—W. E. Huger was appointed receiver in January,
1896.—V. 62, p. 138. Stock outstanding, $1,120,000.
Earnings.— Net earnings for year ending June 30, 1899, were $21,491; in 1898, $21,149.
(V. 02, p. 138; V. 66, p. 425; V. 69, p. 1300.)
East Tennessee Virginia 6c Georgia.—See Southern Rt. Co.
East Tennessee 6c "Western North Carolina RR..—A nar-
row-gauge road from Johnson City, Tenn., to Cranberry, N.C, 34 miles,
including 3 miles leased. Mortgage trustee is Guarantee Trust A Safe
Deposit Co. of Philadelphia. 8tock Dec. 31, 1899, $501,900. On Mar.
13, 1900, the stockholders voted to extend the road from Cranberry
to Lincolnton, N. C, about 75 miles.
Earnings.— For year ending Dec. 31, 1899, gross, $77,848 net,
$22,005; Int., taxes, etc., $18,870; bal., sur., $3,135.
;
East
A:
West Railroad.— Cartersville, Ga.,
to Pell City, Ala.,
117
branches, 5 miles. Extension from Pell City to Birmingham is
projected. Formerly the East <£ West RR. of Alabama, sold in foreclosure May 29, 1893. (V. 56, p. 923.) The present company was incorporated under laws of Alabama Jan. 11, 1894. No bonds issued.
President, Edward Kelly, New York. In year ending June 30, 1899,
gross, $118,838; net, $21,612; total deductions, $9,029. (V. 70, p. 76.)
Eastern Kentucky Ry.— Road from Riverton to Webbville, Ky.,
36 miles. Chartered in 1866 and opened through in 1889. Stock is
common $1,697,800; preferred $1,779,500. There are no bonds. Bills
and accounts payable June 30, 1897, $53,613. Earns, for year 1898-9
gross, $37,685; net, $766. In 1897-8, gross, $35,400; net, $4,600.
miles
;
Eastern RR. (N. H.).— In 1899 consol. with Bos. & M. RR.
Eel River RR.—Owns from Logansport, Ind., to Butler, Ind., 94
Foreclosed July 6, 1877. Leased for 99 years, April 1, 1887,
renewable forever, to Wabash, at 2 per cent yearly on the stock till
April, 1892, then 2ia till 1895 and 3 per cent thereafter, but in June,
1897, a decision was rendered in the Superior Court of Indiana revoking the charter of the Eel River for having leased itself to a competing
line, an appeal from which was pending in April, 1900— see Wabash
item V. 64, p. 1089. Sept. 8, 1897, Richard Ruddell of Kokomo, Ind.,
was appointed receiver, but never took possession of the property, and
miles.
dividends were paid regularly to Apr., 1900, inclusive.
716, 1110; V. 64, p. /oSo.; V. 65, p. 462.)
(V. 58, p.
$1,000,000
166,480
277,000
250,000
1,500,000
3,447,300
3,000.000
7,852,000
500,000
500,000
500,000
963,000
570,000
300,000
2,000,000
3.758,000
112,280,700
58,860,100
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,600
16,891,000
3,699,500
2,380,000
1,500,000
250,000
965,000
A A.
Text.
5g.
F.
S*
M.
M.
A
&
S.
In default.
Aug.
1,
1915
See text.
Mch.
Nov.
1,
1,
1902
1905
N. Phila. Gu. T.
A S. D. Co.
Adt\ 5, 'OO.lia
& O.
See text.
& N. N. Y., 71 Broadway. May 1, 1941
J. & J. N. Y., Nat. Bank Com.
July 1, 1924
M. A N. Phila., Broad St. Sta.
May, 1900
J. & J.
do
do
Jan., 1900
Jan. 1, 1910
J. & J.
do
do
A. & O.
Oot. 1, 2862
do
do
Aug. 1, 1915
F. & A.
New York.
Q.-M N Y., Union Trust Co. Mar. ,'00, 1%%
July 1, 1940
J. & J.
do
do
3
A.
5g. M.
5
5
7
6
5
6
7
3*2
g4 lag.
M.
M.
M.
5
A.
5
g.
4
v
J.
J.
M.
M.
I:
7*
J.
J.
J.
J.
7
&
A
A
&
A
A
A
&
&
&
&
&
N. N. Y., 21 Cortlandt 8t.
do
do
do
do
do
do
do
do
do
do
do
8.
8.
O.
D.
J.
8.
S.
D.
J.
J.
J.
do
do
do
do
do
do
do
do
do
do
do
May
1,
8ept. 1,
Mch.
Oct.
June
July
1,
1,
1,
1,
Sept. 1,
Sept. 1,
June
July
Jan.
July
1,
1,
1,
1,
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
1900
BR.—
Eldon 6c St. Louis
Projected from Eldon, la., to Mexico,
Mo., 132 miles. Stockholders were to vote May 23, 1899, on a proposition to issue $3,000,000 1st mortgage bonds. V. 68, p. 671.
Elgin .loliet 6c Eastern Ry.— Owns from Waukegan, HI., on
Lake Michigan, via Spaulding and Joliet, to Porter, Ind., 130 miles,
and branches Normantown to Aurora, 10 miles— Walker to Cos-
ter, 111.— 32 miles; Hammond to Whiting, Ind., etc., 9 miles; total
line owned, 181 miles; spurs to coal mines, etc., 14 miles;
trackage (L. N. A. & Chicago, 9ia; Chicago <fe West Indiana, 48; Belt
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 81 miles,
total track operated, 301 miles. Entire capital stock owned by Federal Steel Co. V. 67, p. 578. 633.
Organization.— An outer bolt line at Chicago for transfer of freight
without breaking bulk. Also reaches coal fields.
8tock.—8tock, $6,000,000, par, $100. Dividend, 4 p. c, paid in
1899. V. 70, p. 230.
Bonds, Etc.— Firstmortgage(trustees Central Trust Co. and Augustus
L. Mason) is for $10,000,000 the balance unissued can be disposed of
for extensions, betterments, etc.
Earnings.— 8 months, 51899-0
Gross, $1,274,447; net, $557,857
July 1 to Feb. 28.
(1898-9... Gross, 1,096,983; net, 453,503
Annual Report.— Fiscal year ends June 30. Report for 1897-98
was given in V. 67, p. 947.
1897-98.
1896-97.
1895-96.
Year end. June 30. 1898-99.
Tons carried 1 mile. 254,761,533 18,587,896 182,853,924 193,818,870
$0-00«4
$0-0061
$0-0062
$00064
Av. rate p. ton perm.
$1,674,979 $1,390,695 $1,184,646 $1,292,421
Gross earnings
901,768
772,064
846,306
993,490
Expenses and taxes.
main
;
Net earnings
and rentals.
Interest
$681,489
370,290
$488,927
365,921
$412,582
356,330
1,702
4,778
15.339
Miscellaneous
$446,115
345,873
23,311
309,497 sr.$118,228 sur.$40,913 sur.$76,931
Balance
—(V. 67, p. 578, 633, 736, 947, 1263; V. 70, p. 230.)
Elmira Cortland 6c 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 per
cent bonds guaranteed by the Lehigh Valley. (V. 63, p. 402.)
Elmira 6c Lake Ontario Ry.— Owns from Canandalgua, N Y., to
Chemung Junction, 64 miles Sodus Point to Stanley, 34 miles other 2
—total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
;
;
A Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1,500,000 stock. Lease may
be terminated on thirty days' notice. Year ends Deo. 31.
Inlerest,dkc.
Met.
Bal., def.
Cross.
Earnings.
$44,310
$20,926
$65,236
$734,216
1899
deb.
11,292
67,759
79,051
650,880
1898
Elmira 6c Wllliamsport By.- Owns from Williamsport, Pa., to
Elmira, N. Y., 75^ miles. Leased to tbe Northern Central Railway
for 999 years from May 1, 1863. The dividends on the common stock
are 5 p. c. and on the preferred 7 p. c, less taxes, making dividend on
common 4-56 per cent and on preferred 6*28 per cent. Year ending
Dec. 31, 1899, gross, $1,077,946; net, $173,996; rental (exclusive of
$16,042 interest on equipment, as published in 1897), $172,508. In
1898, gross, $920,456; net, $91,562.
See New Mexico Rt. & Coal.
El Paso 6c Northeastern
York Ry.—Cortlandt, N. Y., to CinoinErie * Central
8tock. $800,000; par, $100,
natus. 20 miles; completed May, 1898
issued, $564,300. Bonds are subject to oall at par after Aug. 1, 1900.
Mortgage trustee, Hamilton Trust Co., Brooklyn. N. Y. For year ending June 30, 1899, gross, $23,043; net, $3,351. President (Oct.. 1899),
Charles O. Scull, Baltimore, Md. (V. 66, p. 857; V. 67, p. 319.)
RR.—
New
RR.—
Owns New Castle, Pa., to Girard, Pa., 81
Erie 6c Pittsburg
miles; branch, to Erie Docks, 3 miles; trackage, to Erie, 17 miles; total
operated, 101 miles. Leased to the Pennsylvania Railroad for 999
years from March 1, 1870, at a rental of 7 per cent on stock and
Interest on the bonds, and the lease transferred to the Pennsylvania
Company. Under the general mortgage sufficient bonds are reserved
to retire prior bonds when due. Gen. mort. 3ias were issued Julyl,
1898, to refund oonsol. 7s maturing on that date, and in Sept., 1898,
all the old bonds, including the $1,000,000 gen. mort. 4s, except to refund equipment 7s, which were refunded in Oct., 1899.—V. 66, p.
1089; V. 67, p. 689.
Earnings.—The lease has been quite unprofitable to the lessees, the
deficiency being in 1892, $206,430; in 1893. $188,216; in 1894,
$86,212; In 1895 profit $7,524; in 1896 loss $321,756; in 1897, $39,781— V. 66. p. 289, 1089; V. 67, p. 68 K
Erie Railroad.— See Map on adjoining page.— Embraces trunk
line from Jersey City, opposite New York City, to Chicago, 111., 986
miles, and branches 1,285 miles; total, 2,271 miles; second track, 668
miles ; 3d and 4th tracks, 8 miles; total, 2,941 miles. The total of
2,271 miles comprises
RAILROAD STOCKS AND BONDS
April, 1900.]
63
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
RAILROADS.
Date
Miles
or
Size,
of
Par
of
For explanation of column headings, Ac, see notes
Road. Bonds Value
on first page of tables.
Erie Mail road— (Concluded) —
K— itondM on Properties
Outstanding Rate
10
249
*Jeffers'n,lstA2dM'B.,ex.in'87A'89(H'daleBr.)c
o*
1st mort., Carbondaleto S. depot, gold
'Long Dock Oo.cons.M.,g.(now lstM.)(seetext)o*
ITMont. A Erie, 1st & 2d morts. ($40,500 are 2ds)
U N. Y. A Greenwood L.,Prior lien M. ,$1 ,500,000,g.
JNew Jersey & N. Y., 1st M. (reorganization) .o*
Gen.M., $1,200,000 (red. 105 after 5 years)... g
N.J. A N.Y. Exten. 1st M., int. gu. by N.J. A N. Y.
8
. .
1867 500 <tc,
1889
1,000
1885
1,000
'66-'67
40
34
2*4
1896 100 Ac
1880 500 Ac.
1893 500 Ac.
1887
1,000
1882
1,000
1883
1,000
1880 500, Ac
1895-6
New Erie RR. trusts (V. 63, p. 514)
'88-'90
K.Y.Pa. A Ohio eq. trusts, snk. fd. 3%, dr'n at 100
1900
Equipm't trust, $ ,750,000, sold, $2*0.000 p an.
Avon Geneseo A Ml. Morris and Rochester A Qenessee Va
Plermont, N. Y., to Dunkirk. ...447
67
Buffalo to Jamestown
140
Buffalo to Corning
Montgomery A Erie
Northern N. J
112 Goshen A Deckertown
Other branches
A Genesee Valley
Leased to Nypano RR.
•Jefferson RR
1145 Oleve. A Mahoning Val
}N. Y. A Greenwood L.&brs.. 1T51 New Castle A Shen. Val
TT35 Sharon Railway
t New Jersey A New York
•Nypano RR
1T430 Other lines
58 Trackage
JTiogaRR
167
Other lines
Stock all
'Chioago
A
*
or nearly all
Erie
t
owned.
Roch.
Jeibo
lley'
Sto
Miles.
1fl8
it
10
1T26
1T12
1fl8
11249
H81
17
IT 15
105
168
1]
1,801
Total
M
AJORITY C) ofCa pital Stock, or by
A. A O. N. Y., 21 Cortlandt
6
M. A N.
do
do
J. A J.
do
do
A.
4^ A
6
S*
All lines oper. in system
2,271
N. Y. Susquehanna A West.. 236
H Se6 this company.
History.— On Dec.l, 1895, succeeded to the property of the old New
York Lake Erie A Western RR. Company, sold in foreclosure on Nov.
6 under its second consolidated mortgage. The new company holds in
fee or through ownership of all or practically all the stock of the independent companies, the line from New York to Chicago (including the
Nypano RR. and Chicago A Erie companies) and also all branch and
subsidiary lines except a few small properties aggregating about 300
miles held under lease. The reorganization plan of August. 1895, was
given at length in V. 61, p. 368.
In January, 1898, control of the N. Y. Susquehanna A Western was
obtained. The road is operated as an independent line. The acquisition will save the Erie considerable double tracking— see V. 66, p. 83
335, 573. and editorial p. 53. See Stock below.
Nor. RR. of N. I. leased and 4 per cent guaranteed on its $1,000,000
Stock in June, 18t 9.— V. 69, p. 81, 447.
In June, 1899, practically all of the stock of the New Castle A Shenango Valley RR. was acquired. V. 69, p. 447.
Coal and Steamboat Property.—The Erie coal properties represent an aggregate of 10,500 acres of anthracite, of which about
9,000 acres are held in fee; also 53,000 acres of bituminous coal
lands held in fee 14,000 acres of bituminous held under mineral
rights. Its coal tonnage in the year 1898-99 aggregated 11,363,640,
out of the 24,916,944 tons hauled. The Union Steamboat Co. has its
terminal and other properties in Buffalo and a fleet of eight lake steamers. See V. 63, p. 514.
Stock.— The stock is to be held by J. Pierpont Morgan, Louis Fitz"
ferald and Charles Tennant, Bart., voting trustees, for Ave years, and
hereafter until the new first preferred stock shall have received 4 per
cent cash dividend in one year. In the meanwhile certificates of
beneficial interest are outstanding. The new company reserves the
right to redeem either class of its preferred stock at par in cash. Provisions of voting trust and preferred stock certificate were given in
Supplement of April, 1897, page 3.
In Mar., '98, Erie 1st pref. stock was authorized to be increased from
$30,000,000 to $43,000,000, and common stook from $100,000,000 to
$113,000,000, to acquire Mew York Susq. A Western stock.— See V.
66, p. 335, 573.
Bonds.—New York A Erie first 7s for $2,482,000, due May 1, 1897
were extended for 50 years at 4 p. c, payable p. A i. in gold. V. 64, p
180, 1040. The new first consolidated mortgage is for $175,000,000
(Farmers' Loan A Trust Co. trustee]— see abstract of deed V. 62, p. 89
and secures $35,000,000 prior lien bonds and $140,000,000 general lien
bonds. Of the $35,000,000 prior lien bonds, $5,000,000 are to be used
for improvements.
j
5
O.
A7
A J.
A. A O.
A. A O.
Various
M. A N.
M. A N.
J. A J.
M. A 8.
M. A N.
J. A J.
M. A 8.
J.
NewCas
Dividend.
<y,>
1,000,000
5g.
J.
! g
J.
-
J.
J.
A
A
A
A
J.
J.
J.
J.
Lease.
1911
1982
July
1918
Elmlra.Chemung Co. Bk Oct.
1905
1928-29
Phlla., Fidelity Tr. Co. July 1, 1927
N. Y., 21 Cortlandt 8t. Jan. 1, 1909
N. Y.,J. P. Morgan A Co. Oct. 1, 1935
1926-27
N. Y., 21 Cortlandt St.
May 1, 1946
do
do
May 1, 1910
do
do
do
1932
do
June 1, 1910
do
do
N.Y.,21 Cortlandt St. May 1, 1922
July 1, 1913
do
do
do
Mar. 1, 1935
do
tie
A Shen.
St.
Apr.
1,
1,
1.
1,
May
Valley.
1905
A 1915
N.Y.,21 Cortlandt St.
July
1,
1908
New York A
Jan.
Jan.
1,
1,
1996
1996
Various.
31,452,000
31,954.000
1,536,590
810,000
1,476,730
1,750,000
cks—See
A
Various
6
-
504,500
Whom.
Payable
1,500,000
g
400,000
i
580,500
5
6,000
6
1,100,000
6 cur.
6
3,396,000
4 i^g.
8,000,000
Valley RR., Sharon Ry. and
•
Leased lines.
Avon Gen. A Mt. Morris
or a
$200,000
12,000,000
300,000
160,000
246,500
300,000
2,800,000
7,500,000
170,500
'88-'89
N.Y.L.E.A W.C.& RR. 1st M.,"lawfulmoney".c
*N. Y. L.E.A W.D.A I. Co. 1st M., see V. 56, p.82.o*
431
*N. Y. Pa. A Ohio, prior lien M.. gold, $ A £ .... o*
Do. Leased lines — see separate statements for Clev. AMah.
tN. Y. Susquehanna & West. — See separate state ment.
If Northern New Jersey— see that company.
52-'75 500 Ao.
tTloga Railroad bonds. (See that company)
C— Erie Railroad Company New Bonds.
67 1895
New 2d mort. on Buffalo & Southwest'n, gold.c*
1,000
New lstconsol. M. for $175,000,000 securing:—
c*&r
1895
Prior lien bonds, $35,000,000, gold
1,000
1895
1,000
Gen. lien, $140,000,000, g. 3 %to J'ly,'98) .o*<fcr
1888
1,000
N. Y. Car trust, 1888, ser. A. (guar, by D. & H.)..
N.Y.L.E.& W. oar tr.,B. to G. inol., part pd. an.o*
1,000
Erie Railroad.— Concluded.
Miles.
Lines owned in fee.
RE(*)
1889 $1,000
1890
1,000
1888
1,000
1875 500 &c.
37
.Bonds— PrinciINTEREST OR DIVIDENDS.
pal, when Due.
Per When Where Payable, and by Stock*— Last
Cent.
Controlled by Owne Rsnip of Enti
•Bergen Co. RR., 1st M.. Ruth. Jc. to Ridgew. N.J
•Ch.A Erie 1st M.,g. (Marion, O., to Hainm'd,Ind.o'
Chicago A Atlantio Terminal, 1st mort., gold ..
JElmira State Line Railroad, 1st mortgage
ITGoBb. & Deck't'n, 1st & 2d M's., ($60,000 are 2d)
Amount
London.
N. Y.. 21 Cortlandt
N. Y., 21 Cortlandt
St.
St.
do
do
do
do
London.
Various
(t>
Various
$63,000 Jan.
Yearly to 1905
Yearly.
1908
A 1910
To 1907
5 g
th OSE ^
COS,
-
A description of the Long Dock 6s was in March, 1894, Supplement
under N. Y. L. E. A W. The yearly rental is $450,000.
For N. T. Lake Erie <& W. Goal <& RR.. see Sup. January. 1895.
The $1,750,000 equipment trusts of 1900 cover 1,000 steel freight
cars and 50 consolidated freight locomotives.— V. 70, p. 279.
Fixed Charges.— The fixed oharges of the 8ystem on completion of
the reorganization were reduced from $9,400,000 to $7,860,000 per
annum (lnoluding prior lien bonds $1,176,000; unaisturbea bonds and
stook $5,500,000; general lien bonds, $1,184,000) and for the first two
years after reorganization there was a further reduction of about
$300,000 per annum.
General Finances.— Control of the Northern RR. of New Jersey was
purchased in July, 1897. Control of the New York Susquehanna A
Western— which see— was acquired in 1898 through an exchange of
stook. V. 66, p. 335, 573. During 1898-9 $1,452,000 of the $5,000,000 prior lien bonds reserved for construction and new equipment
were sold; also $1,000,000 general lien bonds issued for construction,
but held in the treasury June 30, 1899.
Earnings.— ft months, ) 1899-0.. Gross, $25,865,110; net, $6,755,331
July 1 to Feb. 28. \ 1898-9. .Gross, 22,010,575; net, 5,671,731
For 6 mos. to Dec. 31. 1899, net, $5,989,914; other income, $52,729
charges, $4,423,439, against $4,377,904 in 1898; sur., $1,619,204.
Annual Report.— Fiscal year ends June 30. Report for 1898-9
given in full in V. 69, p 438, 443; see also editorial on page 471.
1898-9
1897-98
1896-97
Gross earnings
$33,752,704 $33,740,860 $31,497,031
Working expenses
25,169,926
25,438,038
23,332,243
Net earnings
$8,582,778
Net earnings coal companies..
298,479
Income from other sources....
259,097
$8,302,822
209,785
203,583
$8,164,788
134,312
179,201
Total net income
Deductions
Interest on bonds
Rentals of leased lines
Percentages due leased
$9,140,354
$8,716,190
$8,478,302
6,842.679
1,093,538
355,086
174,777
20,475
$6,465,831
1,077,857
304.443
213,193
20,947
$6,533,616
1,067,095
244,270
261,100
20,201
—
lines...
on car A equip, trusts
Interest on mortgages
Int.
Total charges
Balance, surplus
$8,126,282
$352,019
Secretary, J. A. Mlddleton
$8,486,555
$653,799
$8,032,271
$633,918
Officers— President, E. B. Thomas
Treasurer, A. Donaldson Auditor, J. T. Wann.
Directors.— Chas. Steele, J. J. Goodwin, Abram S. Hewitt, John G.
McCullough, D. O. Mills, Alexander E. Orr, George W. Quintard,
Samuel Spencer, Francis Lynde Stetson, Eben B. Thomas, J. Lowber
Welsh. S E. Williamson, R. M. Gallaway.— (V. 69, p. 438, 443, 1011;
V. 70, p. 279, 328, 791.)
Evansvllle Jk Indianapolis
Owns Evansville to Terre
Haute, Ind. (via Worthington), 138 m.; branch 6 m.; leases branch 12 m.
History, Etc.— A consolidation in 1885. Of the consols $904,000
held to meet prior liens. The consols, and the bonds of 1924 are guaranteed by Evans. A Terre Haute, whioh owns oapital stook, $2,000,000.
Latest Earnings— 8 mos., J 1899-0
Gross, $248,369; net, $99,595
July 1 to Feb. 28
Gross, 233,444; net, 89,800
1 1898-9
Report.- Fiscal year ends June 30. In 1898-9 gross, $332,691;
net, $123,776; interest, taxes, etc., $177,097; baL. deficit for year,
$53,821. In 1897-98, gross, $318,811; net, $113,662 interest, taxes
and rentals, $174,980: balance, deficit, $61,318. (V. 63, p. 878.)
;
;
;
RR.—
;
Of the $140,000,000 general lien bonds, $91,968,000 are reserved for
the ultimate acquisition of all bonds and guaranteed stooks now left
undisturbed on various parts of the system [excepting the $1,000,000
seconds on Buffalo & Southwestern— see list V. 62, p. 891, and
$17,000,000 are reserved for new construction, betterments, additions,
etc, after 1897, under carefully guarded restrictions, not over
$1,000,000 to be used in any one year. The general lien bonds bear
Interest from July 1, 1896, first coupon being January 1, 1897, at
3 per cent per annum for two years and 4 per cent thereafter.
The position of the first consolidated mortgage is substantially
as follows
It is a first Hen, either by mortgage or collateral trust
[the prior lien bonds, however, preceding the general lien bonds] upon
the company's principal coal properties, upon its water transportation lines, including valuable terminal properties appurtenant thereto,
and upon a number of profitable local lines in New Jersey and near
Buffalo it is a second lien upon the remaining coal properties and
:
;
upon the railroads leading to all the coal properties, upon the terminals at Jersey City, upon the Buffalo New York A Erie Railroad
(the main line to Buffalo) and the Buffalo terminal properties other
than those upon whioh it is first lien, and upon the entire line from
Salamanca to Chicago; it is a second consolidated mortgage upon
the lines between Piermont and Dunkirk (446 miles.)
Real estate mortgages outstanding June 30, 1899, $439,500.
Old Bonds— Under the first oonsol. mortgage of 1895 the company
covenants to pay the interest regularly on all the old bonds in the
table that are marked with a * or a (exoept N. J. A N. Y. bonds,)
and to take them up and pledge them with the trustee at maturity.
:
Evansvllle Sc Ricbmond Ry.—See Southern Indiana Ry.
Evansvllle Sc Terre Haute RR.—The system includes
Road owned and operated. Miles. Controlled—op. separately. Miles.
:
Evansville to Terre Haute..
Branches to Mt. Vernon, etc.
Evansville Belt (stock held) .
109
53
5
Evansville A InoianapollsH
Evansville to Terre Haute
via Worthington, eto
Leased to other co.'s Rookville extension
156
Total in earnings
23
167
IT See this Company.
In Nov., 1899. extensions oompleted from Shelburne, Ind.. to Star
City, 3 miles, and Hymerla to Pittsburg, 4 miles.
Organization, Etc.— Formerly Evansville A Crawfordsville RR. Has
close traffic contract with Chicago A Eastern Illinois for route to Chioago.
Stock.— In May. 1895, $1,284,000 preferred non-cum. 5 p. 0. nonvoting stock was issued for Evansv. A Rich, bonds per V. 60, p. 43, and
on June 30, 1898, the entire issue of bonds had been so exchanged.
See annual report for 1897-8. Common stock. $4,000,000; par, $50.
'99
Dividends— > '87-'90 91 '92 '93 '94 '95 '96 '97 '98
1900
Common stock. > 5 y'rly 7 71T 7*«J
Oct,,2% May, l»s
1
1
2
Preferred stock )
4 1* Apr.,2»s
IT Also 5 per cent in bonds,
t Also scrip dividend: see stock above.
On preferred 5 p. c. dividend was declared in 1899, 2*t p 0. payable
Oct. 16. 1899. and 2** p. 0. April 16. 1900.— V. 69, p. 5»1. Semi-annual
dividend on common, 1*9 p. c, paid May 1, 1900. V. 70, p. 683
'
64
INVESTORS'
SUPPLEMENT.
[Vol.
LXX.
April,
KAILROAD STOCKS AND BONDS
1900.J
65
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by
of
of
Par
For explanation of column headings, &c, see notes
on first page of tables.
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
Murelca Springs— 1st mortgage, gold
c 1812 1883 $1,000
$500,000
1812
2d mortgage income bonds, non-cum
1883
500
500,000
Evansville <& Indianapolis T. H. & Southe.lst M.o*
40 1879
251,000
1,000
Evansville <fe Indianapolis 1st mort.,gold,guar..c*
55 1884
647,000
1,000
Con.M.($2.500.000>g.,gu.p.«fei.(end.)Ev.&T.H.c"
135 1886
1,000
1,602,000
Evansville <& Terre Haute— Common stock
....
50
4,000.000 3 in
Preferred stock, non-cumulative. See text
....
50
1,284,000 See
Consolidated mortgage (now 1st lien), gold..
115 1880
30,000
1,000
1st consolidated mortgage, gold
c*
144 1881
3,000,000
1,000
Mt. Vernon Branch mortgage, gold
25 1883
o*
375,000
1,000
Sullivan County Coal branch mortgage, gold., c*
30 1890
450,000
1,000
1st general mortgage for $7,000,000, gold
199 1892
o*
1,000
2,223,000
Evansville Terre Haute <£ Chicago— See Chicago & EASTfc. r\ III 1NOI8.
fall Brook—Stock ($500,000 is 7 per cent, pref.)...
100
50
5,000,000 See
Fayetleville <£ Albrrmarle— 1st M., $500,000. 1 B.c*
50 1899
1,000 NoneOct.'99
Fxndlay Fort Wayne dt W. Railway—1st M. gold..c*
1894
1,200,000
1,000
2d mortgage, income, non-cum., gold
r
....
1894
800,000
1,000
Fitchburg— Prel. 4 i>er cent stock, non-cumulative.
100
17,037,364 4 in
Bonds,$500,000 yr*ly,1900 to'03 incl.,bal.l908.c* .... '80-'88 1,000
4,000,000
Bonds to State of Mass. 4 p. c. since Feb., 1897..
....
1887
5,000,000
Bonds
....
1890
1,000
500,000
Bonds ($1,500,000 due 1907, interest A. & O.)... .... •84-'87 1,000
2,500,000
Bonds, not mortgage
c
....
1890
1,000
500,000
Bonds, (See text. $54,000 are 4s), not mortgage.
....
1893
1,000
1,932,000
Bonds, not mortgage
1894
500,000
Bonds, not mortgage
1895-6
1,859,000
Bonds, not mortgage
1897-8
4,200,000
Troy & Boston lstmort. (V. 53, p. 405)
35 1874
577.000
1,000
Brookline & Peppereil plain bonds, guar. (end)..
1891
......
100,000
Flint 4 fere Marquette— See Pere Marquette Sta TEME NT.
—
Evansville
&
Terre Haute
RR.— (Concluded.)—
Fitchburg
Bonds, Guaranties, Etc.— Certain Evansville & Indianapolis bonds
are guaranteed. Car trust notes November 30, 1899, $8,574.
The Ev. & T. Haute general mortgage covers 182 miles of road owned
and $3,500,000 of stock of proprietary roads, having a mileage of 277
miles. Of the authorized issue $3,855,000 are held in trust to retire the
prior bonds and car trusts at maturity, the mortgage providing that
the prior liens shall be paid and not extended. Floating debt June 30,
lb99, none.
General Finances.— An Important change in the directory took
place in Oct., 1893. when D. J. Mackey resigned. In 1893 4,000 acres
of coal lands in Sullivan Count v, Ind., were bought. The endorsement
of the E. & T
on $325,000 Peoria.Dec. & Ev. notes was erased in
1898.— V. 67, p 898. In 1898-9, *200,000 was received from the Pe
oria Decatur & Evansville in settlement of litigation founded upon
the $323,n00 debt created in 1 892. V. 69, p. 693.
Latest Earnings— 8 mos.. $ 1899-0. .Gross, $975,854
Net, $450, a 9
July 1 to Feb. 28
Net, 400,209
U898-9.. Gross, 850,207
Net earnings for 6 mos. ending Dec. 31, 1899, $426,939; int., rentals
and taxes, $291,194; div. on pref. stock for entire year, (5 p. c.) $64,120; div. on com stock, (lia p. c.) $59,950; bal., sur., $11,675.
Annual Report.— Annual meeting at Evansville third Monday in
October. Report for 1898-99 was given in V. 69, p. 5b9, 693.
Tear ending June 30—
1899.
1898.
1897.
Total miles operated
167
167
167
Gross earnings
$1,259,435
$1,218,131
$1,003,430
Net earnings
562,356
483,443
447,622
H
Other income
49,264
Total net income
$611,620
$337,950
69,271
Interest on debt
Taxes and miscellaneous
Evansv. & Ind. deficit
Dividends on preferred
Balance, surplus
32,309
.
$515,752
$337,950
65,148
53,321
51,333
61,318
$99,745
$51,336
17,191
$464,813
$332,950
52,624
106,424
25,680
def.$52,865
Officers— President, H. C. Barlow, Evansville, Ind.; Chairman of
Directo-:. John Hone, 26 Broadway, N. Y.— V. 69, p. 591, 693; V. 70,
p. 279, 58'-
Evansville Terre Haute
III. in Dec, 1899.
& Chicago Ry.—Merged
in Chic.
&
East.
Fall
Brook Railway.— (-See Map New
York Central <6 Hudson
Corning, N. Y., to Antrim, 'a., 53 miles; branch
to Ulysses, Pa., 40 miles; Fall Brook branch, 7 miles; total 100 miles.
Lease.— The railroad and its rolling stock was leased to N. Y. Central & Hudson River RR. for 999 years from May l,tl899, for $175,000
yearly, payable quarterly in gold, beginning Aug. 1. 1899, also taxes
and repairs, the leases of the Syracuse Geneva & Corniug Ry. and
Pine Creek RR., formerly held, being canceled and new leases made to
N. Y. Ontral, which also assumed the guaranty of the $ <, 500,000 Pino
Creek bonds.which does not include the coal properties o the Fall Brook
Coal Co. On June 30, 1899, the balance sheet showed: ost of ioad $2,821.509: cost of equipment $2,276,OS0. The "other income" for theyear
1897-98 ($374,521) included $207,245 from "leases" and $152,964 from
"rolling stock." Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per cent per annum on preferred and 6 p.
o. on common; since the lease, 7 per cent on preferred and 213 per cent
on common.— V. 68, p. 379, 573, 773, 872.
Earnings.— Fiscal year ends June 30. For 10 mos. ending Apr. 30,
1899, gross, $504,268; net, $177,351; other income. $218,979; taxes,
$31,198; dividends, $278,750; bal., sur., $86,381. Statement in V. 67,
p. 479:
Year—
Gross.
Net.
Other inc. Int.,tax., rfc. Ba'.for div.
1897-8
$649,577
$190,446
$374,521
$9,953
$555,014
1896-7
630,251
187,606
434,966
275,268
27,908
From balances given above dividends amounting to $305,000 were
paid in each year, being 7 p. c. on preferred and 6 p. 0. on common.—
—(V. 65, p. 5 13; V. 67, p. 479; V. 68, p. 379, 573, 773, 872.)
I
.1
in v ill.
Powhatan
V. 69, p. 905, 955.
Fayctti-ville Sc Albemarle Ry.— Projected from Fayetteville to
Southern Pines, 35 miles, with branches; total, 50 miles, of which 8
miles graded in Oct., 1899.
Stock authorized, $1,000,000; outstanding, Oct. 18»*\ $5,000. Work was expected to begin earh in 1900.
President, Clark J. Brown; Sec, A. A. McKethan; Treas., H. W. Lilley.
River
RH.—Owns from
<
1
&
Flndlay Fort
RR.—
Wayne
dc
Western Railway.— Owns
operation from junction with the
"Big Four"
road
in
at Findlav, O.. to Ft.
Wayne, Ind., 82 miles. Uses Pennsylvania terminals in Ft. Wayne.
History.—A reorganization of Findlay Ft. W. A XV. RR., foreclosed
and extended to Ft. Wayne, 20 m. Stock, $2,000,000; par $100.
Bonds.— First mortgage Is $1,200,000, at $15,000 per mile no interest paid to Oct., 1898. Mercantile Trust Co., N. Y., and Allen Zollars, Ft. Wayne, Ind., are trustees of both mortgages.
Earnings.— In 1897-8, net. $6,625, against def.. $850. For vear ending June 30, 1899, gross, $98,995; net, $6,186.-V. 69, p. 1193.
;
F.
<fe
Fe b'y
7
8.
J
J
1900 M.
&
text. A.
<te
J.
J.
6g.
A.
A.
i g
5 g.
-
A.
&
&
&
&
<fc
A.
g.
g.
&
& J.
1.
J. & J.
Various
F. & A.
J. & D.
Various
J. & D.
Semi -an
M. & N.
1899
5
4
4
4-5
4*2
4
7
J.
J.
5
&
&
do
do
do
do
do
do
do
do
do
do
do
J.
D.
RR.— Operates from
1,
1,
Sept. 1,
July 1,
Jan. 1.
do
do
do
do
July
Apr.
Apr.
Apr.
do
do
do
do
do
do
do
do
do
do
do
1933
1933
1909
1924
1926
1,
1,
1,
1,
1921
1923
1930
1942
Var.l900to'08
Feb. 1, 1937
June 1, 1900
1904-5-7
June
1,
1920
Various, 1903
May
1, 1914
1915 <fe 1916
1927-1928
July 1, 1924
Dec. 1, 1911
Boston Mass. to Troy, N.
shown below:
miles, with branches as
Feb.
Feb.
Feb. 5, 1900
Apr. 1, 1949
None paid to Oct , '99. Jan. 1, 1945
Jan. 1, 1945
Jan. 15,'00,2%
Boston, Offioe.
Semi-an
Semi-an
4
do
do
Dividend
Office, Corning. N. Y.
O. Int'l Trust Co., Boston.
Sept.
5
4
do
do
do
do
J.
O.
O.
O.
J.
5
do
do
Due.
Stocks— Last
N. Evansville, Ind., office, Mavl, 'OO.lifl
do
Apr. 16. '00,21s
O.
do
J. N. Y.,Farm. L.&T. Co. July 1, 1910
Q-F. 5
text.
6
5
'92-3 pd. 3jS; none since.
N. Y., Farm. L. <fe Tr. Co.
&
A
J.
e.
N. Y., Mercantile Tr. Co.
1
M.<fe
J.
6
A
pal, When
Y.,
190
—
Miles.
Miles
Lines leased
Lines owned—
Boston to Fitchburg, Mass
50 Vermont & Mass. RR. —
Greentteld,Mass.,toTroy,N.Y. 84
Fitchburg to Greenfield Mass 56
Vermont to Rotterdam Jet.... 61 Other lines
8
Worcester to Bellows Falls,
Total system June 30, 1899.458
90
Vt., etc
164
Various branches
109 Double track
Lease.— On Mar. 22, 1900, the stockholders ratified the lease for 99
years from July 1, 1900, to the Boston & Maine for a guaranty of 5 p.c.
on preferred and 1 p. c. on common stock, payable quarterly (Jan. 1,
etc.], organization expenses, interest on bonds, taxes, expenses of
maintenance, etc. The B. & M. will purchase with its 5o-year 3 per
cent gold bonds, $ for $, the same amount of Fitchburg common stock
held by the State of Massachusetts and by private persons. V. 70, p.
76, 125, 176, 583.
Stock— Common stock, $7,000,0 "0. Preferred stock is entitled to
4 per cent dividends, then common and preferred receive dividends
share and share alike. State of Massachusetts owns $5,000,000. As
to voting powers of stock, see V. 68, p. 129. In year 1892-93 the preferred stock was increased from $16,498,000 to $17,000,000, and in
October, 1895, to $17,360,000.
During 1898-9 was sold $1,850,000 preferred stock, being a portion
of the $2,037,125 held in the treasury as an investment (and included
in the $17,360,000 issued) to pay off $750,000 5s, maturing March 1,
1899, Cheshire 6s. and $100,000 Constitution Wharf note, due 1907,
and $500,000 maturing June 1, 1900.— V. 67,
Dividends.— ) 1887 '88 '89 *90 '91 '92
p. 633.
'93 '94 '95 to Jan, '00
4
4
3 4 p. c yearly.
Bonds, Etc.—Vermont & Mass. guaranteed securities; see that companv. The debenture bonds were described in Chronicle of June 1,
1895. V. 60, p. 967. In Sept., 1897, $1,450,000 new bonds were issued
to refund the Cheshire 6s, $550,000, due July 1, 1898, taking up $500,000 note due April 5, and funding floating debt. On July 1, 1898, all
the company's notes payable had been discharged (V. 65, p. 463.)
The VI, 250,000 bonds maturing in 1899 and 1900 were provided for
in 1898-9 by sale of $1,850,000 preferred stock, as said above.
Earnings— For 6 months to Dec. 31 results were:
6 wios.
rross.
Other inc. Int., lax. etc. Bal. sur.
Net.
1899
$4,216,907 $1,338,925 $54,774 $757,628 $636,071
508,453
1898
766,397
3,928,987 1,334,885
39,965
Annual Report.— Report for 1898-99 was in V. 69, p. 693.
1S96.
Tear ending June 30.
1898.
1897.
1899.
458
Total miles operated
458
458
458
Total gross earnings
$7,647,080 $7,359,470 $7,155,768 $7,606,765
Net earnings
2,019,189 2,002,867 1,916,790 1,894,895
259,930
259,980
Rentals paid
259,980
259,980
Interest on debt
972,412 1,027,088 1,009,049 1,001,310
878
Other interest
14,462
7,550
595,096
Dividends
605,022
603,754
^T4 ^ 32
$37,631
Balance, surplus
$29,545
$112,265 $103,227
-V. 68. p. 926; V. 69, p. 439, 693, 1011; V. 70, p. 39, 76, 125, 176,
On
52
preferred.
2
2
312
_
230, 279, 328, 429, 583.
Flint & Pere Itlarquette RR.—Jan. 1, 1900, merged in Pere
Marquette RR., which see.
Annual Report.— Report for 1898 was in V. 68, p. 819.
1895.
1896.
Teor ending Dec. 31.
1898.
1897.
Total gross earnings.. $3,063,209
Net earn'gs over tax's $784,180
Interest on debt
642,896
Bal.
foryear
"141,284
$2,791,997
$738,347
636,576
101,771
From the surplus
of $141 ,284 in
preferred, $63,420,
was paid Feb.
*
$2,594,621
$658,163
613,323
44,840
$2,505,705
$642,200
610,248
31,952
1898 a dividend of 1 per cent on
1, 1899.— V. 69, p. 384, 695, 905,
955,1103, 1107. 1193, 1345.
Florence
consolidation
Cripple Creek RR.— (Narrow Gauge).—In 1899j
was arranged with the Denver & Southwestern Ry.,
&
see.
V. 69, p. 795, 851. In 1393-99. gross. $>0H.667: net,
-1,4*9; other income, $144,830; charges, $137,809: bal.. sur., $383,-
which
-
430.— V.
69, p. 795.
Florida Central Ac Peninsular RR.-r.svc l/<./> of 81 aboard
Air Line).— From Columbia, S. C, via Savannah, Oa., to Jacksonville,
Fla., Tampa, CedarKeys, etc., 940 miles; ot which Columbia to Savannah, 135 miles, is 8011th Bound RR. In Aug., 1399. extension from
Cheraw to Columbia. S. C, 79 miles, to connect the Seaboard Air Line
and Flor. Cent. & Pen. was under construction; also new terminals at
Columbia. See Seaboard & Roanoke item. V. 69, p. 334.
History.—A reorganization of the Florida Ry. A Navigation Co. foreclosure in 1888. V. 46, p. 289. South Bound RR. was leased for 99
years in 1893; later its capital stock ($2,033,000) was purchase.'..
In Feb., 1899. John L. Williams dt Co. of Richmond, Va.. and Middendorf. Oliver <s Co. of Bait., and associates, purchased a majority of the
stock, and in April. 1900. the road was consolidated with other lines
in their control (Seaboard & Roanoke System and Georgia & Alabama,
66
INVESTOKS' SUPPLEMENT.
LXX.
[Vol.
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
RAILROADS.
Miles
Ditto
Size, or
Amount
Par
of
For explanation of column headings, &c, see notes of
Outstanding Rate per When Where Payable, and by
Cent.
Payable
on first page of tables.
Road. Bonds Value.
Whom.
Florida Oentral <6 Pen.— Skr Seaboard Air Line Rt.
Florida South.— 1st M., $5,000,000, g., guar.AK.o* 248
Fonda Johnstown <£ Qloversville lstM.,s.f.,notdn.o*
10
Cons. M. for $500,000 ($300,000 res'd for 1st M.)o,
26
Refunding mortgage, $700,000, gold
o*
26
4
Johnstown G. & Kingsboro 1st M., assumed
CayaduttaElec.lBtM.,gu.,p.<fei.,byF.J.&G.RR.,g
"98
Fort Wayne <£ Jackson Common stock
Pref. stock (8 p. a), 5*2 p. o. rental Lake Shore...
98
Fort Worth <£ Denv. Oity—Yt. stk. "stamp, ctfs." 4%
1st mortgage, gold, $18,000 per mile
o*
455
146
Ft. Worth dt Rio Or.— 1st M., g., old 5s, int. red. Ceo*
Fulton Co. Narrotc Gauge Ky.— 1st M. ($500,000)..
31
Extension 1st mortgage ($1,000,000)
30
49*3
Gainesville <£ Gulf— 1st mort., $150,000, gold....C
Gainesville Jefferson dk So.— 1st M. ($161,500 end.)
55
55
2d M., gu. p. & 1. (facts as to guar. end. on bonds)
—
—
,
Walton Railroad, 1st mortgage
Galveston Harrisb. <t S. Antonio— lstM.,g.,land gr.c
2d mortgage, Harrisb. and Houston to San Ant.C
West. Div. lstM.,g.,SanA.toElPaso,636 m.&br.c
,
2d mortgage
(see
remarks)
o'
Galveston Houston <t: Hend. of 1882— 1st mort
e
Galveston Housl. <£• North— 1st M., $800,000. gold .
10
1895 $1,000 $4,241,000
4g.
1870 100 &o.
300,000
7
1881 100 &o.
200,000
6
1,000
100,000
1897
4^ g.
1,000
1893
50,000
6
350.000
1892
1,000
6
100
436,132
100
2,291,416
5^
100
2,555,000 2 in 1899
1881
1,000
8,176,000 4 (6) k.
1888
1,000
2,923,000 3 to 4 g.
1881
171,000
7
1882
313,000
7
1.000
1899
150,000
6 g.
1881 500 Ac
245,000
7
1,000
1883
75,000
7
1.000
1881
40,000
6
'71-'80
225
671
671
50
56
1880
1881
1881
1883
1900
1,000
1,000
1,000
1,000
1,000
under the name of the Seaboard Air Line Ry., which see. Consolidation with South Bound RR. under name of Flor. Cent. & Penin. Consolidated Ry. was authorized Deo. 27, 1899.— V. 68, p. 428, 822, 826, 871;
V. 69, p. 851, 852.
Stock.— Common stock
is $20,000,000, par $100; preferred, 4 per
cent cumulative [with preference as to both principal and accumulated
dividends], $4,500,000. Preferred is exchangeable for any 4 p.c. mort.
Bonds.— June 30, 1897, car and locomotive trusts, due yearly
to 1900, $95,383; notes payable, $410,000.
Earnings.—J an.l to Dec. 21 gross, $2,576,789 in'99; $2.912,4721n*98.
Annual Report.— In 1897-8 gross on Fla. Cent, proper, $2,299,022;
net, $865,142; interest and taxes, $508,111; balance, surplus for year,
$357,030. On South Bound RR. (135 miles leased) in 1897-98 gross,
$402,143; net, $88,731; interest and taxes, $120,566; balance, deficit
for year, $31,835.— V. 68, p. 871; V. 69, p. 851, 907, 1247, 1345.
Florida East Coast Ky.— Operates from Jacksonville, Fla., via
St. Augustine, to Miami, 366 miles
branches to Palatka, San Mateo,
etc., 7 miles; Atlantic & Western, Blue Springs to New Smyrna, Fla.,
28 miles; Titusville branch, 48 miles; total, 449]miles. In Mar., 1900,
extension was proposed to Mayport, 13 miles.— V. 69, p. 591.
System owned by Henry M. Flagler, Pres., 26 Broadway, New York.
Oct. 30. 1898, stock, $1,000,000; $6,500,000 bonds issued. For year
1898-99 gross earnings $i, •'27,311; net, $507,269, agst. $309,618 in
1897-98; charges $267,608. (V. 61, p. 112, 470, 591.)
;
Florida Southern RR.— (See Map Savannah Florida <& Western.)
—Owns from Palatka, Fla., to Brooksville, Fla., 145 miles: Bartow to
Punta Gorda, 75 miles; branches. 28; total, 248 miles. In January,
1896, the St. Johns & Lake Eustis Ry., 47 miles, was purchased in the
Interest of the system. The road is now part of the Plant system and
the bonds are guaranteed, principal and interest (endorsed— see guaranty in V. 62, p. 683), by the Savannah Florida & Western. The bonds
carry interest at 3^ per cent until Jan. 1, 1900, and thereafter 4 per
cent. For year 1898-99. gross, $360,064; deficiency under operating
expenses, $8,239, against $5,583 in 1897-98.
Fonda Johnstown &
Gloversville
(V. 63, p. 153.)
RR.—Owns
from Fonda,
N. Y.,to NorthviLle, 26 miles; leased lines, 25 miles; total, 51 miles.
Stock is $300,000; par, $100. Refunding mortgage for $700,000, of
which $500,000 held to retire prior bonds. In 1896 parties interested
in the New York Central entered the directory. For year ending June
30, 1899, gross, $287,074; net, $94,686; other income, $11,994; interest, taxes, etc., $80,572; div. (8 p. a). $24,000 V. 65, p. 26, 111.
Fort
Jackson
Owns Jackson, Mich., to Fort
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore & Michigan Southern at a rental of $126,027, equal to 5^
per cent on the preferred stock (see V. 56, p. 812), and after 1887 any
net earnings over 8 per cent on preferred stock to be paid as dividends
on common stock, but not exceeding 2 per cent a year.
Fort Worth
Denver City Ry.— Owns Fort Worth, Tex., to
Texline, 454 m. V. 66, p. 810. Owns $200,000 stock and $200,000 of
5s of Ft. Worth & Den. Terminal Ry.
Wayne &
RR.—
&
Stock, Etc. -Colorado & South. Ry. owns a majority of the $6,820,000 (common was formerly $9,375,000) common stock; par, $100.
In readjustment of 1896, $2,555,000 of old common stock was stamped
preferred to receive interest, if earned, at 4 per cent. V. 63, p. 1063.
Dividends.— On pref. 2 p.c. Mar.. '98; Mar.,'99,2p.c; Mar., '00, none.
Bonds.— Finances readjusted in 1896, the 1st 6s agreeing (1) to
reduce interest to 4 per cent for five years from December 1, 1895;
(2) to take $312 stock for five overdue coupons and the 2 p. c. deferred
interest. "The past-due coupons and 2 per cent due upon coupons for
the next five years to be held in trust for the protection of the stamped
preferred stock certificate holders in case of any accident, or failure of
the company to pay the interest as proposed. See plan V. 63, p. 75.
The " stamped bonds" were described in V. 63, p. 1063. Abstract of
mortgage (Mercantile Trust Co., Trustee) V. 45, p. 440.
Earnings.- 1 1 mos., < 1899
Gross, $1,460,418; net, $308,583
Jan. 1 to Nov. 30. (1898
Gross, 1,371,00k; net, 405,002
Annual Report.—Report for 1899 was in V. 70, p. 528, showing :
Tear end. Dec. 31—
1899.
1898.
1897.
1896
Gross earnings
$1,610,852 $1,479,435 $1,319,830 $1,010,878
Netovertaxes
340,157
406,522
414,146
201 858
Other income
15,750
17,881
14,520
8.864
From total net income, as above, in 1899 ($365,907), deduct interest
on bonds, $341,94.0; rentals, $10,000; bal., $3,967.
President, Frank Trumbull, Denver, Col.— (V. 70, p. 528, 686.)
Fort Worth
to
&,
Rio Grande Ry.— Owns
from Fort Worth, Tex.,
miles; completed in August, 1891. Stock
par, $100. No floating debt Dec. 31, 1899.
Brownwood, about 146
outstanding, $3,108,100
;
Interest Adjustment.— In May, 1897, 1st mortgage 5 per cent
bondholders agreed to accept 3 per cent interest from Jan. 1, 1897, to
Jan. 1, 1902, inclusive, and 4 per cent thereafter. Old coupons will
be held alive by trustee for benefit of bondholders. All bondholders
have agreed to reduction.— See V. 64, p. 888.
Earnings— 8 mos., J 1S99-1900. .. Gross, $313,679; net, $135,737
July 1 io Feb. 28. 1 1898-1899
Gross, 394.428; net, 206.666
4,712,000
1,000,000
13,418,000
6,354,000
2,000,000
800,000
J.
J.
&
&
&
&
&
A..
<fe
J.
J.
A.
F.
7
5
6
J.
g.
5g.
N.Y. ,Iinp. &Tra. NatBk
When Due.
Stocks— Last
Dividend.
Jan. I, 1945
July 1, 1900
Apr. 1, 1921
do
do
N.Y..N.Y. Sec. &Tr.Co. July 1, 1947
N. Y., Metropol. Tr. Co.
1913
0. N. Y., Farm. L. & T. Co. Oct 1, 1922
O.
J.
J.
M. & S. N. Y., Farm. L. & Tr. Co. Mar. 1, '00, 2*.
March. N. Y., 8tate Trust Co. Mar. 10, 1899,2
J. & D.
N. Y., Mercantile Tr.
Dec. 1, 1921
J. & J. N.Y., H.B.Hollins & Co, July 1, 1928
M. & N.
Nov. 1, 1910
July 1, 1912
J. & J.
1929
J. & J. N. Y., Standard Tr. Co.
1911
See text.
J. & J.
See text.
1908
J. & J.
In default.
1910
J. <te J.
6g.
5
New York City.
J.
J.
pal
&
&
&
&
&
&
M.
J.
A.
J.
A. N. Y. .So.Pac.Co. & Bost Feb.
D.
do
do
June
N. N.Y.,8o.Pac.Co.,23 B'rd May
,
J.
N. Y., Merc. Trust Co.
New York,
O.
J.
July
Apr.
Jan.
1,
1,
1,
1,
1,
1,
1910
1905
1931
1931
1913
1930
Year ending June 30, 1899, gross, $556,413; net, $267,296 interest
and taxes, $105,869; bal., $161,417. -(V. 65, p. 463; V. 70, p. 280.)
;
Fulton County Narrow Gauge Ry.— Road from Havana,
111.,
leases (for 30 p. c. of gross earnings) Fulton
111., 31 miles
County Extension Ry., Fairview to Galesburg, 111., 30 miles. Capital
stock of Fulton County Ry., $636,794; Extension Ry., $260,900
Earnings.— For year ending June 30, 1899, gross, $51,492, net,
to Fairview,
;
$5,454, against $8,239 in 1897-98; charges, $36,681.
&
Ry.—
Gainesville
Gulf
Sampson City to Fort Drane. Fla., 48
miles. Stock authorized. $1,000,000; par $100; issued July, '99, $300,ooo. Standard Trust Co. of New York is mortgage trustee. Gross
earnings for year ending June 30, 1899 (27 miles), $27,537. General
office, Gainesville, Fla.—V. 68, p. 822.
Gainesville Jefferson
—Road from
& Southern
Kit.— (Narrow Gauge.)
Gainesville to Social Circle, Ga., 52 miles;
Belmont
to Jefferson, 13 milts. Stock is $242,687 common; $17,650 preferred;
par, $50; of which the Georgia RR. owns $140,000 common and $8,000
preferred. Of the firsts, $161,500, and of the 2ds, $75,000, are endorsed
by the Georgia RR., lessee. Interest on endorsed bonds paid regularly,
but no interest on unendorsed bonds since July 1, 1895. Samuel C.
Dunlap is now receiver. Case was set down for hearing on first Monday of May, 1900. In 1898-9 gross, $64,263 net, $1,478.
Galveston Harrlsburg
San Antonio Ky.— (See Map SouthPacific.)— Owns Houston, Tex., to east bank of Rio Gr. River, 835 miles'»
branches, 73 m.; total, 918 miles.
Organization, Stock, Etc.— Operated by the Southern Pacific Company, which owns $27,038,900 of the $27,093,000 stock (par, $100).
Bonds. First mortgage has a sinking fund of 1 per cent, but
It is optional with bondholders to surrender their bonds if drawn.
In 1893 holders of Western Div. 2ds agreed to cancel claims for aoorued interest and that interest on these bonds should be paid only if
;
A
—
earned and should be non-cumulative
this agreement had not been
30, 1897. Interest accruing on these
Income bonds is not included in liabilities shown below. V. 58, p. 719.
On June 30, 1899, there was due Southern Pacific Co., $696,868 and
the Texas
New Orleans RR., $1,397,085. For status of old claims of
the school fund see V. 64, p. 1137. Appeal has been taken. V. 66, p. 471.
Earnings.— 8 months, ) 1899-0 ...Gross, $4,188,278 ; net, $959,260
July 1 to Feb. 28. 5 1898-9 ...Gross, 3,683,039; net, 1.067,178
Year ending June 30, 1899, gross, $5,669,335 net, including othe r
income, $1,541,580; charges, $1,259,509; surplus, $282,071. In 189798, gross, $5,002,173; net, $1,248,224.— (V. 66, p. 471.)
actually
consummated
to
;
June
&
;
Galveston Houston &, Henderson RR. of 1882.— Owns
from Galveston. Texas, to Houston, Texas, 50 miles.
Organization.—The M. K. & T. and International & Great North
have used the road lointly since December, 1895, under a contract
providing for payment to mortgage trustee of $100,000 yearly
to meet interest on G. H. & H. bonds and an additional rental of
$24,000 per annum for dividends or other purposes— see V. 61, p.
1064; V. 63, p. 697. M. K. & T. owns 4,999 shares of G. IT. & H. stock
—see V. 61. p. 1013. 8tock, $1,000,000 par, $100. For year ending
;
Deo. 31, 1898, gross, including $124,000 for trackage as above. $380,600; net, $176,311: other inc $1,210; int., taxes, etc, $119,289; balance, surplus, $58,232. (V. 65, p. 1114.)
Northern Ry.— Owns road from HousGalveston Houston
ton, Texas, via La Porte, to Galveston 56 miles. Successor May 1,
1899, of Galveston La Porte & Houston Ry., sold under foreclosure.
Capital stock is $500,000; issued Sept., 1899, $200,000: control acquired in Jan., 1900, by Southern Pacific interests.— V. 70, p. 176.
Year ending June 30, 1898, gross earnings were $191,948; deficit
under operating, $8,038 -(V. 68. p. 618, 671, 822 V. 70, p. 125, 176.)
,
&
;
RR.—
Owns road from junction
George's Creek &. Cumberland
with W. va. Central Ry. at Cumberland, Md., to New Detmold mine at
Md.,
21
Junction
Lonaconing,
miles; City
to junction with B. <fe O.
RR., 1 mile; branches, 11 miles; total, 33 miles. Capital stock, $1,000,000. Controlled by American Coal Co. and Maryland Coal Co. of Maryland. For 1896-97, gross, $513,870; net, $302,205; other income,
$5,160; interest, taxes, etc., $40,952; dividend, $130,000; balanoe,
surplus, $136,453. President, James A. Milholland, Cumberland, Md,
Georgetown, 8. C, to Lane's
Georgetown & Western
Depot, on Atlantic Coast Line, 36 miles. In Feb., 1900, sold to syndicate controlling the Atlantio Coast Lumber Co. V. 70. p. 230. Stook,
$400,000; par of shares. $50. Bonds, $200,000 first gold 5s, (int. M-N)
due 1917. For year ending June 30, 1899, gross, $55,463; net,
$15,297. President, Charles R.Flint, 68 Broad St., N.Y.— V. 70, p. 230.
Alabama Ry.— (See Map Seaboard <£ Roanoke.)—
Georgia
Operates from Montgomery, Ala., to Savannah, Ga., etc., viz.:
Leased, etc.
Miles.
Road owned (383 miles)— Miles
RR.—
&
—
Montgomery to Lyons
Col. to Albany (since Jan.
1997)
Abbeville to Ocilla
265
1,
88
30
Lvons to Meldrim
Meldrhn to Savannah
ff58
l7
Total operated April, 1900.458
The company's own line between Meldrim & Savannah, 20
was to be completed in Oct., 1899, replacing trackage.— V. 69, p.
miles,
334.
RAILROAD STOCKS AND BONDS.
April, 19C0.J
67
Subscribers will confer a great favor by giving immediate notice of any error discovered In tnese Tables
Bowls— PrinolRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or. Amount
pal.When Due.
Xu>r,ks— Last
Rate
When
Where
Payable,
For explanation of column headings, &c, see notes of
P
ar
and
by
of
Outstanding
o ^ Value.
T7
Per cent. Payable
Whom.
on first page of tables.
Road. Bonds
Dividend.
,
George's Greek
<6
Cumberland Ry.— 1st
M
1879
1878
2d mortgage
Georgetown <k Western— 1st mort $200,000. gold..
Georgia dk Alabama Common stock $15,000 p. m.
Pref. stock, 6 per cent, non-cum., $10,000 p. m..
Bonds—See Seaboard Air Line Ry.
Ga. & Ala. Term. Co., IstM., $1,000,000, g.p.&i.
36
,
—
$536,000
65,000
200 000
100
100
98 1896
1,000
Georgia Railroad <t Banking Co.— Stock
307
100
Bonds, refunding, not mortgage, currency
c*
1897
1,000
Bonds, not mortgage, currency
c**r
....
1880
1,000
Bonds, not mort., cur., $200,000 are 5b of '87c"&r - - .
1882-7 1,000
Georgia Southern <6 Fla.— Com. stock, $1,000,000
100
1st pref., red. aft. June 1. 1905, $684,000, 5 p. c. Text
100
2d pref., $1,084,000, 5 percent
100
1st mortgage, gold, $4,000,000
MeBa.o' 285 1895
1,000
Gettysburg dtHarrisb. So. Mt. IstM. )
guar, by
....
....
1,000
Gettysb'g & H. 1st M., old issue... >Phila & Rd.
....
1882
1,000
Con. M. $565,000, g
35 1891
) RRAoldco.)
1,000
Gila T alley Globe <t North' n— 1st M., g. See text.
125 1894
1,000
Goshen Deckert'n— 1st & 2d M. ($60,000 are 2ds)
12 1888-9 500, Ac
louvemeur <6 Oswegatchie 1st M., gold, gu. p.<ft Lc
13 1892
1,000
Or. Rap. Belding <P. Saginaw—1st mort., text, gold
28 1899
1,000
araiul Rapids A Inaiana Ry.— Stock, $6,000,000.c'
100
1st M., mostly 1. gr.,g., ext. in 1899
335 1891
c'
1,000
1st mort., extended, gold, guar, by Pa. RR
335 1891
o*
1,000
2d M.. $5,000,000, g., 3 p.c. int. till Oct.2, 1899 c*
....
1896
1,000
Grand Rapids Kalkaska, & S. A'.— 1st M., s. f., IB..
32 1897
1,000
Grand Trunk Kg.— Consol. stock, £23,318,309.. ...
1882
£100
Four per cent guar, stock, £5,220,000, non-cum.
1884
£100
1st preference 5 per cent stock, £3,420,000
1873-4 £100
2d preference stock. £2.530,000
....
1873-4 £100
.
—
—
1
1
1
Organization.— In August, 1895, succeeded to the property of the
Savannah Americus & Montgomery, sold in foreclosure May 17, 1895,
and reorganized per plan in V. 61, p. 470 see also V. 62, p. 502.
In March, 1899, the same interests controlling the Ga. & Ala. Ry.
had also obtained control of the Seaboard & Roanoke RR. and Flor.
;
&
Peninsular RR.,
were to be united in the
etc.
new
In Apr., 1900, all the various properties
Seaboard Air Line Ry., which see.—V. 69,
p. 852; V. 68, p. 428, 826.
—
Securities. First mortgage preference 5 per cent 50-year gold bonds
are for $4,000,000, and are not to exceed $6,500 per mile of main line.
Earnings.— 8 months, > 1899-1900.. Gross, $944,399; net, $334,277
July 1 to Feb. 28.
\ 1898-1899. Gross,
879,788 net, 230,275
For year ending June 30, 1899, gross. $1,271,629; net. $308,609.
Report for for 1897-8 was in V. 67, p. 272, showing: gross. $1,226,387;
net, $350,400; fixed charges and rentals, $303,017; surplus, $47,446.
Pres., J. Skelton Williams, Richmond, Va.— (V. 70. p. 76, 230.)
Georgia Carolina A; Northern Ry.— Owns road Monroe, N. C.,
to Atlanta (Inman Park), Ga., 266 miles; completed in April, 1892.
Belongs to " Seaboard" system, and bonds guaranteed (by indorsement
on each bond) by lessees, Seaboard & Roanoke and Raleigh & Gaston
RR. Cos. Mortgage abstract, V. 49, p. 239. Stock authorized, $1,750,000; outstanding, $1.1 11,400 common (par $100), and $500,000 preferred, mostly owned by the lessees. On Dec. 9, 1899, the Raleigh
& Gaston stockholders voted to consolidate the Geor. Car. & Nor. and
other lines with the R. & G., and to issue stojk therefor and change its
name to Seaboard Air Line Rv. (See that Co.)—V. 69, p. 334, 542.
Earnings.— For year ending June 30, 1S99, gross, $971,484; net,
$174,720. In 1898, Jan. 1 to Deo. 31 (12 months), gross, $898,365,
against $881,048 in 1897.— V. 69, p. 334.
;
Georgia IVIldland Ry.— Owns road from Columbus to McDonough,
Ga., 98 miles. Successor April 1, 1896, of the Georgia Midland
Gulf
RR., sold In foreclosure Feb. 1. Leased from July 1, 1896, for 99 years
to the Southern Ry. for $49,500 annual rental (being Interest on the
first mortgage bonds) and rental obligations on Georgia Midland Terminal to the amount of $2,500. Capital stock is $1,000,000, owned
by Southern Ry. Co. (V. 62. p. 1177; V. 63, p. 361.)
Georgia Railroad.— Under this name are operated the lines leased
from the Georgia KB. & Banking Co.—which see. Report of operations
for year ending June 30, 1898, was given in V. 67, p. 1260.
&
Georgia
Railroad
& Banking Company.— Owns
from
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
and Athens, 58 miles; Macon & Augusta RR. (proprietary road), Camak,
Ga.. to Macon, Ga., 74 miles; trackage, 4 miles; total, 307 miles. In
March, 1900, electrical equipment of Washington branch, 40 miles,
reported to be under consideration.
Organization.— Owns also one-half the stock of the Western Railway
of Alabama (the Central of Georgia Railway owning the other half),
and a 40 per cent interest in the Atlanta &West Point (which see).
Guarantees (jointly with Central RR. <& B. Co. of Georgia) the $1,543,000 first mortgage 4^ rer cents of Western Railway of Alabama.
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 Central of Georgia and the Louisville & Nashville, at
$600,000 per year, but in April, 1899, the L. & N. was held to have acquired all rights under the lease; the Atlantio Coast Co. in July, 1899,
acquired a half interest— V. 68. p. 722; V. 69, p. 385, 591. Securities
deposited under lease, V. '0, p. 125.
Deo. 31, 1892, the banking department was turned over to "Georgia
Railroad Bank," a majority [$198,200] of whose stock is owted.
Dividends—
> '81.
'82. '83 to '87.
'88.
'89 to April. 1900.
Since 1880, P. Ct. J 913 10*4 10 yearly 10\
11 p. c. yearly.
Company's Report.— In year ending March 31, 1899, rental, etc,
was $600,000; dividend from bank, etc, $21,094; total, $621,094;
interest $138,000; dividends paid (11 per cent), $462,000.
Earnings.— 307 miles, > 1899-0... Gross, $1,135,126; net, $426,417
July 1 to Feb. 28.-8 moa. \ 1898-9... Gross, 1,112,422; net, 342,307
Railroad earns, for year ending June 30, 1899, gross, $1 ,634.842; net.
$493,644; divs. received. $120,536; rental to Ga. RR. & B. Co.. $600,000.
In 1897-8, gross,$l,616,146; net, $393,028.- V. 69. p. 591; V.70,p. 125.)
Georgia Southern «fc Florida Ry.— (See Map
Southern Ry.)—
Owns from Macon, Ga., to Palatka. Fla.. 285 miles. of
History— A reorganization of the Georgia S. & F. Railroad, sold in
foreclosure April 2, '95. (Per plan in V. 60, p. 928; see also V. 59, p. 551.
DENDS _0n let nref 96 > * P- °-: Q7 > 5; '98, 5; 1699, 5 p. c; 1900,
w r>Ivi2ia
May,
p.c. On 2d pref. In 1897, 2 p. c; in 1S98, 3 p. c; in 1899, 3 p.c.
Bonds.— Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
mortgage is for $4,000,000 and covers all of the property and franchises
and provides also that the $684,000 first preferred stock authorized
shall constitute a lien upon the same second only to the bonds and
coupons. The unissued firsts are reserved for old claims, car trusts and
for improvements. On July 1, 1899, equipment notes, $5,147.
Latest Earnings.- 8 nios.,) 1899-0.. Gross, $796,581 net, $2:i2.*88
July 1 to Feb. 28.
U898-9.. Gross, 62^.782 net, 182,!Ut>
annual Report— Fiscal year ends June 30. Report
for 1898-9
was In V. 69, p. 902, showiug gross, $953,798: net.
$258,083; other
'
-
'
-
;
;
O.
N.Y Am.CoalCo.,lB'y
Oct.
Feb.
M.& N
1909
1908
1,
1,
1917
MarylandTr.Co
do
do
Balto.,
5g.
trusts, July, '98. incl. interest to maturity...
Georgia Midl'd Ri/.— 1st M., g., $1,650,000, int.gu.
Cent.
5'g.
&
3,842,500
2,650,000
1898
Car
<f.
A.
6
362,739
1,650,000
"3"jr.
4,200,000 11 In '99
5
1,000,000
6
1,000,000
500,000
5&6
1,000,000
684,000 5 in 1899
1,084,000 3 in 1899
3,666,000
5g.
4
100,000
250,000
6
215,000
5
1,514,000
sI
246,500
300,000
5 g.
260,000
5g.
5,780,700
920,000
3H>g.
4,455,000
4^er.
3,962,000
4g.
200,000
5 g.
£22,475.985
5,219,794 4 i'n'i-99
3,420,000 1 in 1899
2.530,000 3i4AT99
New
New
J.
&
D.
A.
&
O. N. Y., J. P. Morgan & Co.
Augusta; mail'd to N.Y,
j. N. Y., Guaranty Tr. Co.
York.
York.
Q.-J.
.;.
J.
J.
&
&
&
&
1, 1948
1899 to 1903
Apr. 1. 1946
Apr.l6,'00,2\
Jan. 1, 1922
Jan. 1, 1910
Jan. 1, 1922
Dec.
J. N.Y.,Am. Ex.Bk.&Aujr.
J. All Augusta; 6s in N.Y.
M.
N. Bait. M.T.& D.Co.&N.Y. May l.'OO, 2i«
Nov.8,'99, 3%
do
do
Nov.
J. & J. Balt.M.T.&D.Co.<fe N.Y. July 1, 1945
A. & O. Phila., Reading office.
Oct. 1, 1912
A. & O. Phlla.,P. &R. office.
do
do
Oct. 1, 1926
Various
M. & N. N. Y. Chem. Nat. Bank. Nov. 1, 1924
1928-29
Various NBkOrCo.Goshen.N.Y.
June 1, 194.2
J. & D. N.Y.,Gd. Cent.8tation.
M. <fe S. Int'l Trust Co., Boston. Men. 1, 1924
Of., Gr. Rapids, Mich Apr.25,'00,1%
J. & J. N. Y., Winslow, L. & Co. July 1, lv 41
do
July 1, 1941
do
J. & J.
Philadelphia, Pa.
Oct. 1, 1936
A. & O.
A. & O. Int'l Trust Co., Boston. Oct. 1, 1907
None ever pd.
A.
A.
<fe
&
Check from
O.
O.
Co.'s office, Apr.20,'00,2%
do
do
Apr.20,'00,4%
Apr.20,'00.3»4
income, $3,302
interest on bonds, $181,250; balance for dlv.,
$80,135. In 1897-8, gross earnings. $949.62^; net, $295,574.
Officers.— President, Samuel Spencer, N. Y.— (V. 69, p. 902.)
Carlisle to Gettysburg, Pa., 32
Gettysburg Harrlsburg
miles; branch to Round Top, Pa., 3 miles. The Reading: Company owns
$540,700 of the $600,000 capital stock, $535,000 of which deposited
as part security for its general mortgage of 1896.
Gila Valley Globe &. Northern Ry.— Bowie, Ariz., to Globe,
;
RR.—
&
Road was opened in 1894 (48 miles) and completed Feb.,
1899. In Sept. 1899, extension from Globe to Pinto Creek, 10 miles,
was reported to be proposed Stock,$2,000,000, all outstanding par,
$100. The bonds, limited to $15,000 per mile ($1,514,000 outstanding),
are guaranteed, prinolpal and interest, by the Southern Pacific Co.
(Metropolitan Trust Co., N. Y., trustee.) V. 69, p. 27. See form of
guaranty in V. 68, p. 232. Statement for the year ending Dec. 31,
1899, was in V. 70, p. 325, showing: Gross, $402,589; net, $268,653.
Interest. $75,700; betterments, etc., $67,866; balance, surplus,
$125,085. President, William Garland; Sec. and Treas., A. C. Laird,
Los Angeles. Cal.— V. 69, p. 27 V. 70, p. 325.
Owns from Gouverneur to
Gouverneur
Oawegatchle
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.
Freeport to BeldGrand Rapids Belding
Saginaw
ing, Mich., 28 miles, of which Lowell to Belding, 17 miles, completed
late in»1899, remainder of line being Lowell <fe Hastings RR., acquired
in May, D-99. Mortgage is for $260,000 on 28 miles and $9,000 per
mile for additional construction. Leased from Jan. 1, 1900, to Pere
Marquette RR. for 30 years at rental covering interest charges, payable
monthly.—V.70, p. 39. In Jan., 1900, extension to Greenville, Mich,,
19 miles, reported to be proposed.
Graud Rapids Indiana Ry.— (See Map of Pennsylvania RR.)
—Owns from Fort Wayne, Ind., to Mackinaw City, 367 miles Manistee
Branch, 19; other branches, 42 miles; total owned. 428 miles; operates
the following roads but has not assumed the old company's leases
thereof: Cincinnati Richmond & Fort Wayne RR., 86 m; Traverse City
RR., 26 m.; Muskegon Grand Rapids & Indiana RR.. 37 m.
History.— Successor Aug. 1, 1896, of Grand Rapids & Indiana
Railroad, foreclosed under second mortgage per plan in V. 63, p. 153.
Dividends.— First dividend, 1 p. c, paid Apr. 25, 1900.—V. 70, p. 739.
Stock.— Stock, $6,000,000, of which Penn RR. Co. owns $2,644,540.
125 miles.
:
;
&
RR.—
&
RR.—
&
Bonds.—The
first
mortgage land grant bonds extended at
4^ per
cent are endorsed with the guaranty of the Pennsylvania RR. Co. to
purchase the coupons as they mature, and the bond itself at maturity. They have no lien on land grant. See guaranty V. 56, p. 649,
The $920,000 first mortgage 7 per cent land grant bonds due Oct. 1,
1899, were extended at 3*2 per cent.— V. 69, p. 1193.
Second mortgage bears interest from Oct. 1, 1897, for two Years at
3 p. 0. and thereafter at 4 p. c. Of the 2ds $3,6H7.000 were Jan. 1,
1899, owned by Penn. RR.
Real estate mortgages, $150,000.
Earnings— 585 miles,
> 1899. ...Gross, $2,051,410
net, $539,391
Jan. 1 to Aug. 31.
.Gross, 1,800,698 net, 444,986
S 1898..
Report.—Report for 1899 was in V. 70, p. 737. In 1899 carried 1,891,594 tons freight, of which 47 p. 0. was lumber, etc. .and 10 p.c. coal.
Year end' g Dec. Z\.
1897.
1896.
1899.
1898.
Miles operated
430
433
428
434
;
.
;
Gross income
$2,164,284 $2,171,717 $1,978,567 $1,899,444
Net over exp'sA taxes
304,250
(34,847
596,622
525,086
Interest charge for '99, $391,909; other. $67,012; dividend (1 p. c),
$57,807; balance, surplus, $118,118.— V. 70, p. 684, 686, 737, 739.
Grand Trunk Ry. of Canada.—Operates from Quebec, Can.,
via Mmtreal. to Chicago. Ul.; also to Portland. Buffalo. Detioit.etc;
REPORTED SEPARATELY.
SYSTEM PROPER.
Majority Stock Owned.
Central Vermont*"
Milt*.
Lines owned
3,08i<
Leased— parity own> d
Chicago & Grand Trunk!
Atlantic * St. Lawreure, PortCincin. Sag. * Mackinaw
land, Me., to Island Pond, Vt... 150
Kill ir, ttneJt "" 'it./.
Buftalo & Lake Huron
162 Detroit Grand Haven & MilT
Other Hnes
106 Micniuati Air Line
y£ilt*.
J"0
835
63
I06
.4,856
Total toad.
3,5tm
Total in earnings
TSee separate statement this Co.
Organization.— A consolidation, in Aug.. 1 B82, of the Grand Trunk
and Gt. Western railways. Owns $^,185,800 of the $3,00,000 sto -k
and $1,186,000 of the bonds of the Central Vt. Ry.— V. 6S, p. 427.
1076. As to traffic agreement with latter see V. 68, p. 1076.
Stock, Etc.— The authorized capital on June 30, 1S:V>. was £41,1
I
656,361 stock (£40,813,834 issued and £842,530 unissued), advances
from the Canadian Government in aid of construction amount to
£3.111,500.
Peipetual consolidated 4 per cent debe> ture stock,
authorized by Act of 1882 and later Acts, has been issued from
time to time to acquire securities of companies consolidated and controlled, amounting Dec. 31, 1898, to £6,868.801, and bearing an annual interest of £375.367.
Dividends Blnoe 189 I: Ouar., 4% stock— 1894-97, nil; Oct.. "98, 2<V;
'99. 4<H; Apr.. 1900. 2%. On 1st pref., Apr.. !>i». 8%: Oct., 1"\: in 1900.
Apr ,4V On 2d pref., Apr., 1900, i »j p.c, the lstdiv. since Apr., 1S88.
-
—V.
70.
p.
328.
68
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
April, 1900.J
RAILROAD STOCKS AND BONDS.
«9
70
SUPPLEMENT.
INVESTORS'
[Vol.
LXX.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
Bonds— PrinciRAILROADS.
LNTERE8T OR DIVIDENDS.
For explanation of column headings,
on flrst page of tables.
&o., see notes
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
Amount
Outstanding Rate per
pal, When
When Where
Cent.
Payable
5
J.&J.14
Q.-J.
Payable, and by
Whom.
Due,
Stocks— Last.
Dividend.
Grand Trunk Railway— Concluded)—
(
3d preference 4 per cent stock, £7,168,055
1
Debenture stock, £4,270,575
3,512
Consol. debenture stock (col. trust), cum
2d equipment M. (subject to 1st M. in trust) .c
Securities of Lines Consolidated with <; rand
Great Western perpetual debenture stock
o 836ia
Northern Ry. 1st M. sterling 5s, £850,000. c* )
3d preference A & B bonds
c > 4903i
Debenture stock, 4 p.c. perpetual, £425,850. J
Grand Tr. Geo. Bay & L. E. IstM., £310,200. c*&r 189%
Midlandof CanadalstM.,sectional,£525,0C0.c>
455
Consol IstM., £3,164,700
cj
Montreal & Champlain Juno. IstM., £172,600..
62
Wellington Grey & Bruce IstM.. £532,000
c 168*4
Gt. Northern— Stock, to be $100,000,000 See text
8t. Paul M1nn. & Man.— Stock.orig. $20,000,000.
8t.P.M.&M.2d(now 1st M.)g.doesnotcov. l'ds)o* 624
Dakota Extension 1st M., gold
c* 1,221
Consol. M. for )
»«
., < 2,655
* .
(now ,l8t
on land8 > K° ld
$50,000,000
\ 2,655
i
Montana Exten. IstM. ($25,000 p. m.),gold.o*<fer 420
Pacilio Extension M. £6,000,000, gold Ce..c*<fcr
819
Minneap. TJn.RR. 1st M.,g.,gu. ($650,000 are 5s).c*
East of Minn. IstM. ($50,000 p. m.), g.,gu..c*«fer
72
No. Div. mort., $15,000,000, gold, guar.. ..c*&r 299
Montana Cen. 1st M., g.($6,000,000 are 6s)gu.c<fcr 256
Willmar & Sioux Falls 1st M., g., gu.p.&i, (end)c*<fer 205
Minneapolis Western 1st mort... gold, guar
c'
Duluth Superior & West, car trusts, assumed..
I
[
.
j
£100 £7,168,055
£100
4,270,375
£100 12,515,678
£100
414,300
1874
1874
1869
'I'm
May, 1884
4
6
k Ry.
11
J.
&
&
&
&
&
&
&
&
&
&
Irredeemable
Irredeemable
July 1, 1919
J.
Var.
100
Irredeemable
2,723,080
5
F.
A.
1877
July 1, 1902
611,100
5
J.
J.
Glyn, Mills, Currie
Irredeemable
1868
15,900
6
O.
& Co., London.
1884
347,990
Irredeemable4
A.
1883 £l6o'&o
187,500
Aug. 1. 1903
5
A.
1878
£100
May 1, 1908*
458,600
5
M.
N.
£100
1882
1,072,100
Jan. 1, 1912
5
J.
J.
1882 £100&c
101.100
Jan. 1, 1902
5
J.
J.
£100
July 1, 1901
1874
99,400 Varies. J.
J. N. Y.Bk.of Com.A Lond
$100 98,411,000
...
7
Q.-F. N. Y. Office, 27 Pine St May. l'OO, 1%
100
C472.200
Nov. 1/99, 1^
6
do
do
Q.-F.
1879
1,000
8,000,000
6g. A. & O. New York and London. Oct. 1, 1909
1880
1,000
5,676,000
Pine
M. & N. New York, 27
St. Nov. 1, 1910
July 1, 1933
1883
1,000 13,344,000
do
do
6 g. J. & J.
July 1, 1933
1883
1,000 21,366,000
do
4>2g.
& J.
do
June 1, 1937
1887 1.000&C a7,907,000
do
do
g J. & D.
\
1890 £100&C b£ 3,000,000
J. & J. N.Y.&Lon.,BaringBrop July 1, 1940
1882 $1,000 $2,800,000 b &6g.
& J. New York, 27 Pine St. July 1, 1922
1888 1.000&C
4,700,000
5 g. A. & O. N.Y.27Pine; Bos.,Lee,H Apr. 1, 1908
1928-1948.
1898 1,0004 c d5,000,000
do
do
4g. A. & O.
9,300,000 5&6g. J. & J. New York, 27 Pine St. July 1, 1937
1887 l,000&c
June 1, 1938
1.000
1888
3,646,000
do
do
J. & D.
1,000
500,000
5 g. J. & J N.Y.&Lon., BaringBros July 1, 191 1
To FeD.1,1906
205,616
a $11,502,000 additional pledged for Pacific Extension bonds of 1890. c Great Northern in April, 1900, had acquired all except $472,200 of
the $20,000,000 stock of St. P. Minn. & Manitoba.
b £3,000,000 additional held by Great Nor. Ry. Co. d Subject to call after April 1, 1928.
.
.
,
Earnings- 2 mos.,
Jan. 1 to Feb. 28.
M
,
,
-
-
-
1900
Gross, $3,271,329; net, $867,715
1899
Gross, 2,983,226; net, 792,769
Rkport — Statement for 1899 was in V. 70, p. 426.
1897.
1899
1898.
lears ending Dec, 31
Gross earnings
*£4,012,314
£3,969,642
£4,407,016
Transportation expenses
2,892,994
2,5 97,372
2,671,8 83
£1~372.270
Net earnings
£1,514,022
£1,340,431
Total net income
£1,574,631
iti,724,367
£1,548,932
5
)
-
Lands.— Land sales In April, 1897, had retired all the 1st mort. bond 8
and were then applicable to consol mort. of 1883.
Sales for year ending June 30, 1898, were 120,452 acres for $883,145 and 344 town lots for $16,508. The net amount due on land contracts June 30, 1898, was $1,605,626; lands unsold, 1,308,483 acres.
Minneapolis & St. Cloud grant was 476,864 acres; unsold July 1,
1899, 397,730 acres; sales in 1898-99 were 7,965 acres for $38,483.
Dividends,
) 1890 1891 1892 to 1896 (inclusive), '97 '98 '99 '00
5^ 6*4 7 IT
Great No. pfd.%5 1
4%
5 p. c. yearly (Q-F.)
Rentals
146,349
146,349
146,349
Interest on b'ds and deb. etk. 1,043,542
1,028,510
1,038,153
Dividend on guar, stock.. .. (4%) 208,792 (4%) 208,792
Do on 1st pref. stock.. .(5%) 170,842 (3%) 102,504
Do on 2d pref. stock.-3*4% ) 82.V25
Balance
sr.£72,6l7
sr.£399,7';i
sr.£53,134
* After deducting £171,602 for tolls, traffic advances, etc.
President, Sir C. Rivers Wilson, London.— V. 70, p. 328, 426.
Great Northern Ry.— fS«»e ITIapsj— Operates a low-grade trunk
line extending from St. Paul, Minn., across the great wheat belt of the
Red River Valley and across the State of Montana, tapping its silver
and copper mining district, to the Pacific Coast at Seattle, Wash., Portland, Ore., Westminster, British Columbia, etc. From Duluth, the head
ef navigation on the Great Lakes, the steamers of the Northern Steam,
ship Co. (whose $1,500,000 stock is owned)„run east to Buffalo, N. Y.
Lines leased and operated
—
St. Paul Minn. <fe Man. Ry.,
St. Paul to Lowell, Wash... 1,790
—
—
Stock owned oper. separately
{.Concluded)
Eastern Ry. of Minn.—
—
Branches in Minnesota, the
72
Hinckley to Duluth
Dakotas and Montana
2,026
Hinckley to Fridley
65
Trackage to Spokane, etc. ..
10
New Dul. to Cass Lake. 140
Eastern Ry. of Minnesota—
Missis. Minn., to Hibbing
49
Fosston to Cass Lake
60
28
Nomadji June, to Cloquet.
Park Rap & Leech Lake Ry.Minneapolis Un. Ry., etc...
12
Park Rapids to Cass Lake
49 Montana CentralOwned, unbonded—
Great Falls to Butte, etc.
261
Seattle & Montana RR.—
?
218
=q Spokane Falls &. Northern.
±oy
Seattle to Westminster
5
Total road July, 1899
5,214
Total operated directly ..4,094 2d and 3d track and sidings. 806
Slock owned— oper. separattly —
East Minn. Ry.
Willmar & Sioux Falls—
Brook Pk. to Coon Creek Jc. 57
Willmar to Yankton, S. D.. 205 Willmar & Sioux Falls—
Duluth Watertown & Pacific—
Garretson, 8. D., to Sioux
Watertown to Huron, Dak.
70
City,Ia., and O'Neill, Neb. 240
Extension of Gt. North, main line was built in 1898 between
Fosston and Duluth. 230 miles. V. 67. p. 28, 796. The Spokann Falls
& Northern was acquired in 1898 and taken into the system July 1,
1899. V. 69, p. 959; V. 67, p. 30, 179, 797. The Duluth Miss. River
& Northern, etc., was purchased in 1899. possession being taken
.
,
.
. .
-1
. .
May
See V. 68, p. 187, 822, 976. In Sept., 1899, it was reported
1.
that an extension was purposed of the Eastern Minnesota line from
Milaca, north about 100 miles, to connect with the Dul. Miss. Riv.
Nor.; also a cut off between Libbey Creek and Kalispell, Mont, to extend from Batavia along Libbey Creek to Libbey, about 75 miles. In
Feb., 1900, extension from Wenatchee, Wash., northeast to Republic,
130 miles, reported to be proposed.
Stock, Leases, Etc.— This corporation in February, 1890, leased the
&
Paul Minneapolis <& Manitoba for 999 years, assuming its funded
debt and guaranteeing 6 p.c. per annum in gold on its $20,000,000 stock.
In 1898 $25,000,000 new Great Nor. preferred, raising the total capital stock to $50,000,000, was offered to stockholders, $15,000,000 of
this being sold at par to provide for retirement of $15,000,000 col.
tr. 4s of 18W2, called for redemption Sept. 1, 1898, and $10,000,000
being exchanged for the $12,500,000 stock of the Seattle & Montana
RR., which in June, 1898, had been declared distributable as a 50 per
cent dividend.— V. 66, p. 1044, 1188; V. 67, p. 796.
In October. 1898, the stockholders surrendered the right to issue
$20,000,000 common stock in addition to the $50,000,000 preferred
then outstanding, and made all the stock "of a single class, with uniform rights and privileges." Also authorized the purchase of the $20.000,000 of guaranteed 6 per cent stock of the St. Paul Minneapolis &
Manitoba, on the basis of $125 Great Northern stock for each $100
Manitoba stock, thus increasing the Great Northern stock to $75,000,000. In Apr., 1900, $24,411,000 of the increased stock had been
issued and leaving not over $471.2<0 of the Manitoba stock unexchanged.— (V. fc8, p. 129: V. 67, p. 1356: V. 67, p. 370, 788. 842.)
In April, 1899, $15,000,000 additional preferred, raising total to
$90,000,000, was offered to stockholders at par, to acquire all the
bonds, debentures and s-tock of the Spokane Falls & Nor. Ry., Nelson
& Ft. Sheppard Ry Columbia & Red Mtn. Ry. and Red Mtn. Ry.. and
$7,500,000 new stock of EastRy. of Minn. V. 68, p. 772, 822. 1181.
In Jan., 1900, $9,000,000 additional stock was sold at par to
stockholders to acquire $3,500,000 further stock of the East Rv. of
Minn, and $5,500,000 stock of the Willmar & Sioux Falls Ry., which
amounts are to be used for extensions and improvements of the respective companies. The acquisition by the Willmar <fe Sioux Fall* Ry.
included the Sioux City & Northern and Sioux City & Western railSt.
IT
1% p. c; May, 1% p.
& Montana stock, which was
In Feb.. 1900.
Seattle
Great Northern preferred.
V. 66, p.
Also in 1898 50 per cent in
then exchanged for 40 p. c. in
1044, 1188.
c.
Bonds.— St. P Min. & Man.
consol. mort. of 1883 is for $50,000,000, of
which bonds are reserved to pay prior liens. It is a flrst lien on
the land grant and on 670 miles of railway in Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the Dakotas, the prior liens on which average only $7,300 per mile. V. 64,
p. 518. Montana Extension mortgage is for $25,000,000 for extension*
and for second track. Abstract. V. 45. p. 342.
Pacific extension mort.£6,000,000 provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of Montana; £3.000,000
of this issue, in addition to those given in the table above, were pledged
to secure the Great Northern's collateral trust bonds, but were released
upon payment of the latter, called for redemption on Sept. 1, 1898.
See abstract of mortgage, V. 52, p. 82.
p. 1044, 1188.
Eastern Railway of Minnesota runs from Hinckley northward 70
miles, to a point near Duluth; the first mortgage covers road, equipment,
terminals and elevators. The Northern Div. $15,000,000 mortgageof 1898 provides for extension building from Fosston, Minn.,
to the head of lake navigation at Duluth, and also for future requirements, including the retirement of the $4,700,000 1st 5s at maturity.
They are redeemable at 105 on three months' notice after Apr. 1, 1928.
—V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
Chron. Deo. 12, 1891.) The Manitoba guarantees these issues, and
the Great Northern assumes the guaranty.
The Willmar <& Sioux Falls bonds are endorsed with joint and several
guaranty of the Manitoba and Great Northern companies. Further
issues may be made at $17,500 p. m. for additional road. V. 56, p. 247.
Minneapolis Western first mortgage is for $1,000,000. V. 60, p. 835.
General Finances.—The preferred stock was increased in 1898-8'
from $25,000,000 to $90,000,000- see above and V. 66, p. 1188; V. 67,
V. 68, p. 772. In 1898-99 received
p. 370, 788, 842, 1003, 1356.
$1,250,000 (10 p. c), in 1897-8, $500,000 (12 p. 0.) and in 1896-7,
$600,000 (12 per cent), in dividends on Eastern Ry. of Minn, stock.
Train loads in 1897-98 averaged 316 tons.
Earnings.— Great North'n system (incl. St. P. M. & M., East, of Minn,
and Montana Central) July 1 to Mar. 31, 1900 (9 months), gross,
$22,576,601, against $19,945,028 in 1898-9.
Annual Report.— Fiscal year ends June 30. Annual meeting is held
Report for
at St. Paul on the second Thursday in September.
1898-99 was published at length in V. 69, p. 951, 958. See also p. 931.
V. 66,
OPERATIONS GREAT NORTHERN SYSTEM PROPER.
1898
1899>
Year end. June 30.
(1)
-
4,786
Av. miles operated
Gross earnings
$25,017,903
Oper. expenses and taxes... 13,091,361
Netearnings
P. c. of exp. and taxes
(2)
4.466
$22,577,544
11,555,645
$11,021,899
51-18
GREAT NORTHERN INCOME ACCOUNT.
$11,926,542
52-33
1899.
Tear ending June 30.
Net earns. St. P. M. & Man... $8,902,225
105,017
Interest on bonds owned
2,134.620
Dividends on stocks owned...
68,152
Profit on Treas. secur. sold
166,318
Rentals of leased lines
56,494
Interest and exchange
3,616
Bills receivable
139,608
Other income
.
$11,576,050
Total receipts'.
4,137,824
Paid rental St. P. M. & Man.
Great Northern dividends. .(6^)3,851,034
1,800,000
Renewal, etc funds
1897>
4,415
$19,436,061
11,304,52a'
$8,131,541
58*16
1898.
1897.
$8,737,166
69,418
1,259,357
419,844
164.416
164,359
15,919
388,151
$6,318,445
$11,218,630
5,396,863
$7,837,997
5,380,729
(5)1,500,000
(5)1,250,000
,
95,823-
1,000,548
187,256
73,557
15,838
148.530
2,250,000
sr.$l,787,192 sr.$2,071,767 sr.$l,207,268
Balance
(3)
OPERATIONS OF WHOLE SYSTEM.
,
roads.— V. 70,
p. 39.
Gross.
Tear end. June 30,'99.
Paul M. &M. Ry. $19.057.8 14
Eastern Rv. of Minn.
3,049,482
Montana Central Rv. 1.908,164
919,429
Will. & Sioux Falls Ry
83,015
Dul. Water. &Pac. Ry
St.
Net.
$8,902,225
1,631,649
743,645
606,810
42,213
Tot. Ry. sys. proper$25,017,904 $11,926,542
Oth. inc.
Tot.net inc.
$673,825
252,931
22,530
$9,576,0*0
1,884.580
976
158
607.785
42,372
766.175-
$950,420 $12,876,962-
April,
KA1LKOAD STOCKS AKD BOND8.
1900.]
71
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— Print 1INTEREST FOR DIVIDENDS.
RAILROADS.
Amount
Miles Date Size, or
F >r explanation
column headings,
on first page of tables.
Green Bay
dc
of
<tec,
see notes
Road. Bonds Value.
Stock, dlvs. aft. 2*2 p.c on Class A, deb.
Debentures, Class A, incomes, text, non-cum..c*
o*
Class B, incomes, after stock, non-cum
Greene RR. (N. T.)— Stock
First mortgage
8
75
Gulf Beaumont <k K. 0.— 1st M., $10,000 p.m., gold.o
c
75
2d mortgage, $10,000 per mile, gold
Gulf B. & Gt No.,gold,p. & i. gu.,end.AB.text.c Text.
Gulf & Brazos Valley— lstmort.,$l,340,000. USt.c*
—
Gulf <& Chicago Stock,
Gulf <& Interstate Ry. of Texas —1st mortgage, gold
Gulf <& Ship Island-lst M., $5,000,000, gold IWa.c
Halifax <t Yarmouth— IstM., $5,000,000, g.IB..o*
Hancock <& Calumet — Stock
Consol. M. ($400,000) gold, redeemable at 105.
.
Hannibal
«* St.
110
62
70
75
51
"20
$100
1896
1896
1872
1893
1893
1900
1899
—
mortgage
Hibernia Mine RR. —Stock
Hocking Valley Ry.— Stock, common, $1 1,000,OCO.
Stock, pref., $15,000,000 4 p. c. non-cum
Ool.&Hock Val.lstM.,ext. In gold. V. 68,p. 428. c*
Col. & Toledo 1st M. (Columbus to Walbridge). o*
Col. & Toledo 2d M. (Columbus to Walbridge).c*
Ohio &West. Va. IstM. (Logan to Porneroy)c*..
Hock. V. 1st consol. mort., $20,000,000, gold.Ce
Car trust bonds and scrip, s. f., red. at par, gold
1st
100
500
500
500
1,000
"i'0'6
1895
1897
1895
'Too
&£
1,000
100
100
289
1881
1894
"Si
50
1853 500 &o.
100
1883
1,000
100
100
100
1887 500 &o.
1875
1,000
1880
1,000
1880
1,000
54
109
109
4i4
76
118
118
85
1,000
10,000
lK'M)
1894
1.0(10
(3) OPERATIONS OF WHOLE SYSTEM. •(CONCLUDED.)
Tea end. June 30.'99.
Gross.
Net.
Oth. inc.
Tot. net inc.
Minneapolis Union
$231,501
181,321
31
181,352
Minneapolis Western*
50,372
Dr. 17
100,126
50.355
Dulnth Terminal
13,500
33,705
13,500
565,728
2,215,336
2,367
568,095
88., ooal & expr's cos
<•
Tot. for the system.$27,598,572 $12,737,463
$952,801 $13,690,264
From this last result ($13,690,264) are payable the total interest
charge of all the companies, and the guaranteed dividends on St. Paul
Minneapolis & Manitoba stock, a total of $5,466,624, leaving a balance
of $8,223,641, from whioh have been paid dividends aggregating
$3,851,034 on the stock of the Great Northern Ry. Co., and $1,800,000
set aside for renewal funds. The balance on the year's operations on
this comprehensive basis, is $3.572.607.— (V. 70. p. 39, 230, 429.)
NGreat Northern fay. of Canada.—Under construction in Apr.,
1900, from the terminus of the Quebec & St. John's RK., 50 miles
from Quebec, to a counsctton with the Canada-Atlantic RR.. 176
miles. To be completed la the summer of 1900, and form a short
through route for ocaan-bound freight from Parry Sound to deep
water docks at Quebeo. A branch to Montreal. 30 miles, is projected.
Stook to be $3,000,000 and bonds $1,900,000 thirty-year 5s. $500.O00 being on accouutof bridge accross the Ottawa River.— V. 70. p. 280.
Green Bay
Western Rj,- Road owned from Green
Bay, Wis.
trackage to Winona, 4
History.— A reorganization June 5, 1896 (per plan in V. 61, p. 471).
Of the Green Bay Winona & St. Paul, sold in foreclosure May 12, 1896,
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
without consent of 75 per cent of stook. Class A debentures are entitled to 2*2 per cent Interest, if earned, then common stock to 2 1a p.c,
then the two share ratably but after 5 per cent has been paid on both,
class B bonds are entitled to all surplus earnings. See V. 61, p. 471.
Dividend of 2^ p. c. was paid on class A Feb., 1898; on Feb. 15, '99,
2>a p. o. on series A and also first dividend, 1*3 p. 0, on com. stook; on
Feb. 1, 1900, 2i«p. c. on "A" deb. and2»«p, c. on stock.— V. 70, p. 76.
Earns.—Passenger. Freight.
Gross.
Net.
Charges. Bal.,sur.
1898-9
$110,774 $343,719 $459,456 $80,534
1897-8
107,642
327,527
446,342
69,503
Directors.— S.S. Palmer, Pres.; Mark T. Cox, Sec. andTreas., 40 Wall
Btreet, N.Y.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt. (V. 70, p. 76.)
Greene
Owns road from Chenango Forks to Greene, N. Y.,
8 miles. Leased to Delaware Lack.W. for term of charter for 6 per cent
on stook and interest on bonds. Capital stock, $200,000; par, $10.
Guayaquil 6c Quito By.—V. 69, p. 595, 1193.
Gulf Beaumont & Kansas City By.— Beaumont, Tex., to Rogansville, Tex., and branches, 75 miles, operates (from Apr. 1, 1900)
Gulf & Inter-state Ry., Bt-aumont to Port Bolivar, 70 miles, for account of John H. Kirl.y, Gen. Mgr. of G. B. & K. C; Gulf Beaumont &
Great Northern, projected to waskom, Tex. (see below).
Stock
$500,000; par $100; 2d M. $750,000 authorized in Apr., 1900,
to be issued in amount sufficient to discharge all except funded debt.
There wore outstanding $100,000 8 per cent coupon notes, int. F.-A.
By special act of Texas Legislature acquired franchise and property
rights of Gulf Beaumont A Great Northern Ry. Road projected to
be exteuded during 1900-01 (about) 145 miles to Wascom, Tex., to connection with M. K. & T. and V. S. & P. rys., with which railway companies contracts have been airinged for trackage into Jefferson,
Texas, and Shreveport, La., respectively. Bonds for extension will be
issued in the naaie of the Gulf Beaumont & Gt. Northern Ky. at the
rate of (about) $17,000 per mile, and guaranteed by the G. B. & K. C.
Earnings.— Year ending June 30, 1899, gross, $240,022; operating
-expenses, $136,681; net, $103,341; bond interest, $45,000; other Interest charges. $2,<U7; taxes. $4,967; surplus, $50,557.
General
office, 12 Pearl St.. Boston. In Now York see J C. Chew, 68 Broad St.
6c
to Marshland, Wis., 209 miles; branches, 13
in.;
m
;
BB.—
—V.
69, p. 333, 795.
Gulf
,
I
,
Q—
above, was completed, and further extension beins made to Jackson,
about 63 miles; also Columbia branch, Lumberton to Columbia, Miss.,
49 miles. la June. 1899, purchased Laurel & Northwestern, extending
from Laurel to a point near Leaf River, 16 miles, and Is extending the
line 2 s miles westerly to a connection with the main line of the Gulf <fe
Sbip Island. All to be completed by May 1, 1900, the mileage then to
be 250 miles. V. 69, p. 1011.
Capital stock, $1,400,000.
Land grant about 150,000 acres.
*
President, J. T. Jones; Treasurer, W. W. Bell; Main office, Gulfport,
Miss. For year ending June 30, 1899, gross, $243,395: net, $113,413;
Income from land sales, etc.. $281,150; charges, $52,568; balance, surplus, $341,995. June 30, 1899, car trusts, $63,966— (V. 69, p. 1011.)
Guyandot Valley By.— Under
W.
Va.,
1,
1900.
up the Guyai.dot River, 3
»
construction from Huntington,
miles, to be completed about
;
Aug.
W. Va.
By., Ltm.—Road from Yarmouth
President, J. L. Caldwell, Huntington,
Halifax A Yarmouth
to
East Pubnico, 31 miles, was 1n operation in Aug., 1897; under contract from East Pubnico to Lockport. 64 miles, of which East Pubnico
to Barrington. 20 miles, operated in Apr., 19o0. Projected to Halifax, about 210 miles, from Yarmouth. Formerly Coast Ry. of Nova
Scotia, but name changed Jan. 15, 1900.— V. 70, p. 686; V. 68, p. 1180.
Capital stock authorized $1,000,000; issued, $500,000. President,
68, p. 1180; V. 70. p. 686.
Thomas Robertson, Yarmouth.— V.
Hancock 6c Calumet BB.— Owns narrow-gauge road Hancock
to end of track, Mich., 27 miles branches, 8 miles
total, 35 miles.
Stock $350,000; par $100— $250,000 owned by Mineral Range RR.
Dividends.— In 1892, 2^ p. c; in 1894, 10 p. c; In 1895, 10 p. c. In
1896, 5 p. c; in 1897, Sept., 5 p. c; in 1898. Nov., 5 p. c In year 189899, gross. $206,063; net, including other Income, $12,195 interest,
etc, $23.001 dividends, $17,500; bal., surp., $28,306.
Hannibal A St. Joseph
Owns Hannibal, Mo., to St. Joseph, Mo., 206 miles branohes— Cameron to Kansas City, 54 miles St.
Joseph to Atchison, Kan., 22 miles; Palmyra to Qulnoy, HI., etc, 15 miles,
total operated, 297 miles of this 8 milos leased and operated jointly
with other companies. Owns bridge at Kansas City.
Stock.— Chic Burl. & Qulnoy owns $14,245,000 stock. Common ia
$9,168,700; pref. 7 p. c, non-cum., $5,08*,200; par, $100.
Div'd.— > '90. *91. '92. '93. '94. '95. '96. 6ms.'97. '97-8.98-9.
Com., p.c. >
0-7 2-3 2-2
7
095 095
Pref., p. c.Sabt.2 6-82
7
7
7
7 654
3
7
7
See description of mortgage lien in October, 1896, Supplement, p. 2
Earnings.— For year ending June 30, 1899, gross, $3,008,602 net,
$881,987; other income, $3,686 interest, etc., $497,901; dividends,
$442,926; balance, surplus for year, $55,154.
In 1897-98, gross, $2,949.159; net, $932,360, sur. for dividends, $453,053.
Harrlman 6c North «aster«> By.— Harriman to Petros. Tenn.,
22 miles; completed in 1893. In April, 1899. short spurs being built
to coal mines.
Stock (1). Honds, $300,000, 20 year gold 6s, dated
Dec. 13, 1895; Central Trust Co.. N. Y., trustee. Pres.. E. R. Chapman, 80 Broadway, N. Y.; Sec. W. B. Winslow, 253 Broadway, N. Y.
;
;
;
;
BB.—
;
;
;
;
;
Harrlsburg Portsmouth
from
ITIt.
Joy 6c Lancaster BB.— Owns
Dillerville, Pa., to Harrisburg, Pa.,
36 miles; branch, Middletown,
Pa., to Columbia, Pa., 18 miles ; total operated, 54 miles. Leased to the
Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental
being 7 per oent on the stock and interest on the bonds, taxes and ex-
penses of organization.
Hartford
6c
Stock, $1,182,550; par $50.
Connecticut Western By.— Owns from Hartford
Conn., to Rhineoliff, N. Y., 109 miles. Leased till August, 1940, to the
Central New England Ry., the rental paying charges and 2 per oent per
annum on the stock. Of the stook $1,390,100 is owned by lessee.
BB.—
Hibernia ITIlne
Owns from Rockaway, N. J., to Hibernia
Mines. N.J. .4^ m. Leased to Cent, of N. J. in 1890 for $12,000 per an.
Hocking Valley Bailway— (See Map.)— This company owns
main line from Pomeroy, O., to Walbridge, O., 250 miles, with trackage (Penn. RR. 8ystem) Walbridge to Toledo, 6 miles branohes to
Athens, Nelsonville, etc, 73 miles: MoArthur Junction to Jaokson,
17 miles; total, 346 m.; second track, 25 m.
History, &c—Successor on Feb. 25, 1899, per plan in V. 68, p. 231,
to the Columbus Hock. Valley <fe Toledo Ry.. sold under foreclosure
Feb. 24, 1899. V. 68, p. 231, 379. The coal lands, from which the bulk
of the company's business is derived, aggregate about 20.975 acres, and
are covered by the new eousol. mortgage. In Dec 1899, acquired
control of the Toledo & Ohio Central Ry., which will be operated
separately. See Stock below.
Stock.—There was reserved $5,000,000 each of preferred and common stock to acquire Interests in the Teledo «fc Ohio Central Ry.
and Col. Sand. & H. railways, if practicable or desirable. In Dec.
1899. of this reserved stock there was issued 94,421,600 common and
$4,000,000 preferred stock to acquire the entire issue of $$.421.'
Middle States Construction Co. collateral 3 per oent bonds, secured by
deposit of $4,080,000 common and *1, 812. 000 preferred stook of the
Tol. & Ohio Cent. Ry. and to be further secured by deposit of $1,81.">.571 additional T. & O. C. common and $1,896,000 preferred stock as
acquired; for tliese-last #1.270.000 of the $4,431,600 common and $1.327,200 of the 8t.O0O.000 preferrel Hock. Val. stooh are reserved.
See further particulars, V. 69, 1345. The rbrhta of the pref. stock are;
;
BB.— Projected to extend
Brazos Valley
from the Red
River, Tex., via Henrietta, Lampasas, etc., to Houston, and from
Lampasas via San Antonio and Eaele Pass into Mexioo. In Apr..
1900, operated from Peck City to Mineral Wells, Mex.. and 30 miles
additional under construction. Stook authorized. $1,000 per mile.
Mortgage authorized to cover 1 10 miles. In Mar., $110,000 bonds had
•been certified by tbe Texas RR. Commission. Bonds are not subject
to call. President W. A. Squires, Henrietta, Tex.; Sec, .1. W. Conway,
Mineral Wells, Tex.; Treas., F. E. Squires, Henrietta, Tex.
Gulf 6c Inter-State Bailway of Texas.— Port Bolivar, on
Galveston Bay, to Beaumont, Texas, 70 miles. Transfer to Galveston
te made by boat.
Operated by the Gulf Beaumont A Kansas City Rv.
since Oct.. 1899. The Improvement & Loan Co. of Galveston is mortgage trustee. Capital stock, as reduced by exchange for bonds in 1898,
$71,000. Jan. 1 to Mar. 30, 1900, gross, $39,593. Year ending June
bO, 1899, gross, $115,931; net, $5,825; charges, $42,455.— V. 67, p. 28.
Gulf 6c ITianttoba By.— V. 70, p. 531.
Gulf Ac Ship Island BB.— Road runs from the Gulf at Gulfport
to Seminary, Miss., 93 miles branch to Handsboro, 4 miles. In Sept..
1899, extension from Hattlesburg to Seminary. 22 miles, Included
6c
N. Y. of., 40 WalL
$2,500,000 2^Fb'00 Feb.
Feb. 1, '00,2>s
eoo.ooo 2^Fb'00 Feb.
do
do
Feb. l,'00,2i*
do
7,000,000
do
200,000
J."& D. D.L.& W.off.26 Exch. PI. Dee, 1899, 3%
6
200.000
7
J. & D.
do
do
Dec. 1, 1902
Boston, 12 Pearl St.
750,000
6 g. F. & A.
Aug. 1, 1913
do
6g. F. & A.
do
Aug. 1, 1913
t?)
J. & J.
See text.
do
do
6 g. J. & J.
N'neAp..'00
•Tan. 1, 1929
Ripley, Miss.
400,000 3»ain'99
(Nov., '99, >s%
Galveston, Texas.
829,000
5g. J. & D.
Dec., 1925
1,050,000
5 g. J. & J. Manhattan Tr. Co. N. Y. July 1, 1926
A. & O. Boston, N. Y. & London. Oct. 1, 1945
450.000
5
Of. Marquette, Mich. Nov.18,'98,5%
350,000 See text.
325,000
5 g. J. & J. N. Y., Nat. City Bank. Jan. 1. 1931
Boston Office.
9,168,700 See text. Dec'ber.
June 30, 1898
do
5,083,200 See text.
See text.
M.
N.
6
& 8. Y. Bk.of No. America. Meli. 1, 1911
8,000,000
6
90,000
Mch. 1, 1911
J. & J. Phila. Company's Office Jan., '00, 3*3%
7
1,182,550
4
do
J. & J.
700,000
do
July 1. 1913
F&A.31
2
Hartford.
Feb., 1900, 1%
2,708,000
do
J. & J.
700,000
5
July 1. 1908
A. & O.
See Central of N. J
200.000
6
Apr.10,'00,3%
9,1 f 0,700
N.Y., J.P.Morgan & Co Jan., 1900,li«
11,453,700
A.. & O.
do
do
1,401,000
Oct. 1, 1948
F. & A. N. Y., State Trust Co
2,500,000
Aug. 1, 1905
M. & 8.
do
7
do
600,000
Sept. 1, 1900
M. & N.
do
1,5«4,000
7
do
May 1, 1910
4i^g. J. & J. Int. from July 1. 1899. July 1, 1989
8,200,000
884,000
6 g.
J. N. Y. . Atlantic Trust Co. Apr. 1, 1904
,
$
100
1891
Joseph— Common
Preferred
c"
Consol. mortgage, now 1st mortgage
Funding notes
Ramsb. Portsm'lh Ml. Joy <e Lanc.—8took,7p. c.gu.
1st mortgage (ext'd in 1883), guar.p.&i.Pa. RR..r
Hartford <£ Connecticut Western Stock
1,000
1,000
Due.
Stocks—Last
Dividend.
Payable, and by
Whom.
Payable
Cent.
Western RR. —
pal, When
•
When Where
Outstanding Rate Per
Par
of
of
72
W V ESTOKS'
IS
U PPLEMEJSTT
[Vol LXX.
KAILROAD STOCKS AND BONDS.
April, 1900.]
7*
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
bonds— Print
INTEREST OR DIVIDENDS.
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
of
Rate per When Where Payable, and by
For explanation of column headings, Ac, see notes
Payable
Road. Bonds Value. Outstanding
Cent.
Whom.
on first page of tables.
—
0oo8ac Tunnel A Wilmington Stock
1st mortgage. $250,000, gold
Hot Springs Stock, $600,000, authorized
1st M., $500,000, g„ $28,000 cancelled by
—
24*2
1892
1,000
f.c*
22
1893
1,000
i'92
1893
1870
1890
1890
1890
1897
1899
1,000
. .
1874
Sterl. of '03,
for
75
453
453
453
. - -
-
55
63
63
63
63
63
....
1
£10,000 dr'nyrl.o*
Sterling bonds, due 1905
706
4s of 1886, due 1951, gold
o*
3^8 of 1886, due 1951, gold. .0*
3s of 1895, due 1951, gold.c*&r
Trust bonds sterl. (secured by Ch. St. L. &N.O. con s.
1st M.,Sp.Div. ref. m., (V.66. p. 1237) g.Us.xc*&r
111
1st M., Middle Div.,Otto to Norman Juno. Abrs.r
131
Collateral trust bonds, gold, $
c*<fer
857
all
.
50
50
500
500
$932,773
$905,517
The earnings of 1897 were abnormally low owing to eompetition.
Latest Earnings.— 8 mos., 5 1899-O.Gross, $2,829,603; net,$l, 149,916
July 1 to Feb. 28.
(
1898-9.Gross,
1.868,252; net,
582,029
The surplus earnings over fixed charges for the four months ended
Oct. 31, 1899, wore $294,000 and for the half-year ended Dec. 31, 1899,
are estimated as $^40,000, from which was paid the first dividend on
the preferred stock, namely Ha per cent ($150,000) in Jan., 1900.
Annual Report.—Traffic Is mostly freight, and 44 per cent of this is
bituminous coal. Average train load is large— in 1899, 522 tons.
First report for fourmonths ending June 30, 1899, in V. 69, p. 848.
Pres., N. Monsarrat; Sec. and Treas.,W. N. Cott; General Counsel;
J. H. Hoyt; Asst. Sec. and Treas., A. H. Gillard.— (V. 70, p. 76.)
Hooaac Tunnel & Wilmington KB.— Narrow Gauge.—
Owns road from Hoosao Tunnel,
Mass., to Wilmington, Vt., 24*2 miles.
Bills payable June 30, 1899, $54,649
Bonds in treasurv, $54,000.
Earnings for year 1898-H9, gross, $56,616 net, $17,856; charges,
$11,614; dividends (2 p. a). $5,000. In 1894-95 dividends, 1 p. 0.; in
1896, 1 p. a; in 1897 to 1899, inclusive, 2 p. c. yearly.
;
Hot Springs BB.— Road
from Malvern to Hot Springs, Ark., 22
Mortgage trustee, Merchants' L» & T. Co.,
Year ending Deo. 31, 1898, gross, $157,902; net, $48,629;
interest, $23,800; bal., sur., $24,829. Accumulated surplus used in
paying dividend for 1898. In 1897 gross, $140,055.
Houston KiiKt <V West Texas By.— Owns from Houston, Texas,
to Sabine River at Logansport, 192 miles, where it connects with the
Houston & Shreveport RR., Logansport to Shreveport, 40 miles. In
April, 1900, Southern Paoiflo interests had acquired practically all
the stock.— V. 70, p. 381, 686; V. 68, p. 823.
Reorganized in 1896,
without foreclosure. Bond issue limited to $3,000,000. Stock outstanding, $1 ,920,000
n April, 1900, the Southern Pacific Co. offered
to guarantee the bonds, principal and interest, by indorsement, the
Southern Pacific to have the right to redeem the bonds at 105 and interest at any time on six months' notice.
For year 1898-99, gross. $685,817; net, $241,617; other iuoome,
miles, opened in 1875.
Chicago.
I
$3,105; charges, $184,450; bal., sur., $60,272.
In 1897-8, gross,
$631,842; net, $179,587; taxes, $16,592. V. 70, p. 381, 686.
Houston &. Texas Central Railroad.— ( See Map of Southern
Pacific)— Owns from Houston, Texas, to Denison, Texas, 338 miles,,
Hempstead, Tex., to Austin, Texas, 115 miles; Bremond to Ross, Tex
55 miles (former Waco & Northwestern acquired July 1, 1898) total
owned, 508 miles. Also operates Fort Worth & New Orl. Ry., Garrett to
Ft. Worth. 40 m,; Cent. Tex. & N.W.. 12 m.; Austin & N. W. 107; other,4 m,
In Mar., 1900, extension reported to be proposed from Wortham west
to»Hillsboro, Tex., about 45 miles. V. 68. p. Iu24.
History— Successor April 11, 1893, to a railway company fore
closed Sept. 8, 1888. Reorganization plan V. 45, p. 792, 820.
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 Company guarantees interest on all the bonds
and both principal and int. of debentures of 1897. The first mortgage
bonds and the consolidated mortgage bonds may be called for redemption at 110 with proceeds of land sales. See full abstracts of all the
mortgages in V. 52, p. 242. Of the$5,068,000consolidated 6s authorized
$1,149,000 (not inoluded in the amount outstanding above) are held as
part security for the general 4s. Stock, $10,000,000, of whioh the So.
Pacific Co. owns *9,698, <00; par, $100. As to school fund claim for
$073,100, nee V. 64, p. 1137; V. 66. p. 471; V. 70, p. 686. On Jan.
19, 1900, the stockholders authorized the issue of bouds not exceeding $25,000 per mile ou the Waco & Northwestern Dtvisiou, acquired
.
;
,
in 1898.
V. 70,
p.
230, 427.
Lands.—The lands June
2,210,144 acres;
I
30, 1897, consisted for first mortgage of
consol. mortgage, 1,465,958 acres; general mort-
5
g.
M.
&
6
5
6
g.
g.
J.
A
A.
A.
4g.
Dividend.
1
3g. M.
3*3
g.
J.
3^g. J.
F.
5
4g. A.
New
York, Blair & Co.
Houston, Texas.
J. N. Y., Central Trust Co.
do
do
O.
do
do
O.
do
do
O.
N.
<fe
&
&
A.
5
6
in 1897
2,000,000 5^in'99 F.
416,000
4 g. A.
367,500
4 g. F.
1,497,000
5 g. A.
476,000
5
A.
350,000
4
J.
645,000
5 g. J.
60,000,000 5 in 1899 M.
10,000,000
4
J.
2,500,000
4 g. A.
3,300.000
5 g. A.
1.000,000
5g. J.
1,500,000
4 g. J.
2,499,000
3*2 g. J.
*200
1875
£200
1874
1875
£200
1886
1,000
1886
1,000
£200
1895
£500,000
£200 $5,266,000
1886
1897
1,000
2.000,000
1,000
1881
968,000
1888 500 &0.i 15,000,000
Bonds.— The new consols, besides having a lien on the entire property, subject only to $7,155,000 prior bonds, have the benefit of a first
lien on all the ooal lands (from which the bulk of the business is derived), estimated at 20,974 acres; $7,155,000 consols are reserved to
retire the existing bonds (these existing bonds, however, may be extended at maturity) and $5,645,000 (estimated) for the acquisition of
new property and betterments, of which $1,000,000 were sold in Aug.,
1899. V. 69. p. 439. Substantially all of the bonds and stock of the
Ohio Land & Ry. Co. and the Wellston & Jackson Belt Ry., 18 miles,
are deposited under said mortgage. Description of bonds in V. 68, p. 823.
General Finances.— The estimated annual fixed charges of the
reorganized company are about $750,000 (a reduction of $150,000),
subject to further reduction when and as the 7 per cent bonds maturing from 1900 to 1910 are extended at lower rates of interest or replaced by the new 1st consol. 4^8. The net income, as shown by the
plan (after making proper allowance for depreciation of equipment
and other property), for the years ending June 30 was:
1895-h.
1897-8.
1896-7.
1894-5.
$570,678
1
1,000
1.000
1,000
1,000
Preferred stock is to be preferred both as to dividends and assets In case
ot liquidation and subject to the statutory right of the company te redeem the
same at par. After 4 per cent 0'i both common and preferred shall have been
paid for any fiscal year, further dividends for such year shall be lor the equal
benefit of both stocks.
Dividends.— First on pref., 1^ p. c, Jan. 10,1900.— V. 69, p. 1103.
$866,811
m
1,371,750
100
100
-
$15,000,000
secures
equally
1,00
1,000
1,000
1,000
1854
1857
1865
1896
1899
1898
130
1,920,000
2,700,000
See text.
6,777,000
3,335,000
4,287,000
62,000
1
,
Due.
Slocks— L&tt
$250,000 2 in 1899 Dec. 31.
Dec.30,'99,2%
196,000
5 g. M. <fe S. Bost.,01d Colony Tr.Co. Sept. 1, 1922
'99
Mch,
Mer. L. & Tr. Co., Chic, Moh., 1899
600,000
6
472,000
do
do
July 1, 1943
5g. J. <fe J.
100
8.
Houst.Easl <£ West Texas Stock
1st mortgage, gold to be guar., p. & i. CJn... c'
Boust.<k Tex. O.BR.— State of Tex. pr. Hen 1st 75 m.
1st M.l.gr.,g.,red.llO,lnt.gu., $1,187,000 pd..c*&r
c*<fcr
Con. M., 1. g., g., red. at 110, Int. guar
Gen. M.,gold,lnt.guar.,end.,$8,00U pald.OTpC&r
Deben., p. and 1. gu. 8o. Pac, end., currency. c*<fer
New bonds for Waco & N. W„ $1,255,000
Huntingdon <6 Broad Top— Common stock
Preferred stock, 7 per cent, non-cumulative
1st mort., extended in 1890 (Int. only in gold)
2d mort., old 7s, extended in 1895, p. <fe 1., gold)
c*
3d mortgage, consol., ext. in gold in 1895
Consol. car trust, $68,000 due Oct. 1 yearly
14th ser. car trust, $29,000 yearly Dec. l.PP...
Hutchi's'ncl So.— 1st M.,g.,red.l05aft.l907.OB.c*
Illinois Central— Stock
Leased line 4 per cent stock, guar, (see remarks.)
old 6s ext. in 1895 )
f Sterling bds.
1st mort.
of
$100
OB
1-
pal, When
May 1, 1933
A nnually.
July
Oct.
Apr.
Oct.
1,
1,
1,
1.
1937
1912
1921
1902
1930
8/97,1%
Phil.Of.,4th&Walnut8t. Feb.
&
O.
do
do
<fe
A.
do
A.
<fe
Jan
do
do
do
do
25, '00,3^
Sept. 30, 1920
Feb.
1,
1925
Mch. 31.1925
do
& O.
& O Phila.,Merchants'Tru8t Oct.1,'00-1908
& D. Penn. Co. for Ins &c. To Dec. l.'ll
& J. Atch. off.,59Cedar,N.Y. Jan. 1, 1928
8. N.Y.,214B'wav&Lon. Mar.l,*C0,2i«*
& J. N. Y., 214 B'way Lon. Jan., '00, 2%
Apr. 1, 1951
London.
& O.
& 0. London, Morton, C.& Co. Apr. 1, 1903
Dec. 1, 1905
do
do
& D.
& J. New York, 214 B'dway. Jan. 1, 1951
Jan. 1, 1951
do
& J.
do
London.
Mar. 1, 1951
& S.
& J. London, Baring Bros. July 1, 1950
& J. New York, 214 B'dway. Jan. 1, 1951
Aug. 1, 1921
do
& A.
do
do
Apr. 1, 1952
& 0.
do
,
<fe
<fe
gage, 12,996 acres. Deferred payments were: For 1st mort., $194,288;
consol. mortgage, $160,998 ; general mort., $1,158. V. 65, p. 869.
Latest Earnings— 8 mos., ) 1899-00. Gross, $2,°23,622; net, $972,474
July 1 to Feb. 28
2,922,334; net.l, 320,401
5 1898-99. Gross,
Fiscal year changed to end June 30. Report for 1898-99 In V.
70, p 427,showed gross, $3,861,034; net, $1,395,268; other income,
In
$3,025; total charges, $1,031,830; balance, surplus, $366,463.
1897-8, gross, $3,164,530; net, $1,036,976.— (V. 70, p. 427, 686.)
.
Huntingdon & Broad Top Mt. BB. & Coal Co.— Owns
Huntingdon, Pa., to Mount Dallas,
Div
—
Pa.,
0002455
5^7777776
88. '89. '90. '91. '92. '93. '94. '95. '96. '97. '98. '99
413 4
On com.
5
On pref. 5
Annual Report.— Report for 1899 was given
Net.
Oross.
front
45 miles; branches, 18 miles.
Interest.
1900.
1
5
5^2 Jan.,
in V. 70, p. 380.
Divid'nds.
3^
Balance.
$106,190 $140,000 sur. $27,861
107.260
89,523
sur. 24.031
— (V. 66, p. 288, 331 V. 69, p. 32«; V. 69, p. 905; V. 70, p. 380.)
Hutchinson Sc Southern By.— From Hutchinson, Kan., to
Cross. O. T., 145 miles. 1st mort. 5s subject to call after 10 years to be
Issued at not exceeding $5,000 per mile of completed road up to 150 m.
Stock is $2,580,000; par $100. In Nov., 1899, the Atch. Top. & Santa
Fe acquired the entire $2,580,000 stock, the bonds remaining undisturbed. For year ending June 30, 1899 (129 miles), gross, $216,676;
net, $83,482; charges, $57,709.— V. 68, p. 371; V. 69, p. 955.
$624,481
506,747
1899
1898
$274,051
230,814
;
Illinois Central BB.— (-See Map.)— Road.—Operates from Chicago
southerly to New Orleans, La., 912 miles, and westerly to 8ioux
City, la., 509 miles, with numerous branches. Its road," clearly shown
111.,
on the accompanying map, is made up as follows (flwhich see.)
Miles.
Leased.
Mile*.
Road owned in fee.
Louisv. Br. from L. A N
46
Chicago to Cairo, III.
Main
80
Centralia, 111., to East stem. 706 Chicago & Texas (Sept.'97..
Dubuque, la
Total system June 30, '99.. 4,648
600
Dubuque & Sioux City IT
Leased. — Control owned.
Of which earns, kept separate —
Yazoo & Miss. Vail. RR
969
Chicago St. L. & N. O. RR.
Cairo, 111., to New Orleans. 547
:
1
. .
1
Line to Louisville, etc
(C. O.
& S. W. & br'ches)..
)
<,
Evansv. Line (Ohio Val. RR.
Mem., Ten., to Grenada, Miss.
Yazoo & Mississippi Val. RR.
to N. O. and brs.
Louis Alton & Terre H.U.
Entire stock owned.
^Memphis
St.
396
139
100
969
239
Total included in earns.
July 1, 1899
3,679
St. Louis Ind. & Eastern—
Switz City to Efhngh'm, III
90
Springfield to Glen Carbon.. 102
Ft.
Dodge,
la., to Co. Bluffs..
130
827
Branches
earnings have never included the results on the
bulk of the Yazoo <fc Mississippi Valley Ry. (These being reported separately (as below) and on July 1,1898, the 140 miles which had been
included were omitted, reducing the mileage included in the earnings
of the Illinois Central to 3,668 miles. See V. 67, p. 581. Mileage July
1, 1899, as above.
On Dec. 1, 1899, took over portion of St. Louis Peoria & Northern
Ry. from Springfield to Glen Carbon, 85 miles, with trackage to 8t.
Louis, 17 miles, tbis furnishing the direct line desired from Chioaeo to
V. 69, p. 1148. The Fort Dodge & Omaha RR. extension,
St. Louis.
Tara Station, near Fort Dodge, la., to Council Bluffs, la., 130 miles,
was operated from Dec, 1899. V. 69, p. 1011, 1301. In Jan., 1^00,
branch of Yazoo & Miss. Val. from Leland, Miss., 18 miles, towards
Murphy, reported almost completed.
History, Leases, &c— Chartered in December, 1850. Theoompany
pays to the State of Illinois 7 per cent (in 1899, $667,423) of grow
of the 706 miles owned in fee yearly In lieu of taxes. The Chicago St. L.
AN. O. is leased for 400 years from July 1,1882, at 4 per cent per anuuna
on its $10,000,000 stock deposited to secure the leased line stork.
In 1892 practioally all the stock and bonds of the Louts v. New Orleans
& Texas were acquired, and the company merged in the Yazoo A
Mississippi v a jjey. a lease of the 8t. Louis Alton * Terre Haute system was taken in April, 1896. V. 62, p. 636. 684. In May, 1897, the
Chesapeake Ohio it Southwestern and allied lines were merged in
the Chicago St. Louis & New Orleans, forming the Louisville Division.
The
Illinois Central
,
Capital Stock. —The leased line stork is secured by deposit of
$10,000,000 Chicago St. Louis & New Orleans stook. and in oase of
default for sixty days in the payment of any semi-annual dividend of 2
per oent, the stockholder is entitled to bis share of the stock pledged.
Authorized capital stock Increased from $50,000,000 t« $60,000,000
increased »toek $2,500,000
in November. 1S95; of the $10,000,0'
was issued at once and $7,500,000 in July, 1899. V. 69, p. 594. 645.
Dividends. ) 1885. '86. '87. '88. '89. '90. '91 to Mar..'00. inoL
6
5 p. 0. yearly.
7 5>a
7
Common stock. 5 8 p.c. 7^
Bonds.— Main Line $15,000,000 mortgage of 1874 covers property
described in V. 63, p. 76. Oaire bridge bonds are secured by deposit
of a like amount of Uhioaeo St. Louis A New Orleans 1st M. Cairo Bridge
5s.
The rental for the bridce is $180,000 im gold annually, «f whi«h
$30,000 goes to a contingent and sinking fund till 1902, then $20,000
to regular sinking fund. See adv. in Chronicle, May 7, 1391.
74
INVESTORS'
SUPPLEMENT.
[Vol.
,"T
!
T7~
LXX
'T "TfHI /
I
ILLINOIS CENTRAL
SYSTEM.
r*»
RAILROAD STOCKS AND BONDS
April, 1900.1
75
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tliene Table*.
RAILROADS.
Miles
Date
8ize,
/to7u/a-PrinotINTEREST OR DIVIDENDS.
pal.WhenDue.
Per When Where Payable, and by Stocks—Last
or
Par
of
of
For explanation of column headings, &c, see notes
on'tSanrh*™
Juwwnulu f Rate
Cent.
Road. Bonds Value.
on first page of tables.
—
—
Central ( Concluded')
Cairo Bridge bonds, gold (see remarks)
Col. trust. $25,000,000, gold, on L. N. O.
..Illinois
o*<fer
&
T..c*&r
lines, IstM., g., (Dubuque west'y.).c*<ter
Term'l M., $10,000,000 Us...xo"<fcr
St. L. Div.
Western
&
Ub.x
$5,000,000 (See V. 65, p. 1173)
& Term. M. $25,000,000, g. Us. xc* &r
Chicago St. Louis & New Orleans, 2d mortgage..
< Consol. M. ($18,000,000), gold, Int. guar.o*Ar
Do
Louisv. Di v.
.
Do
guar. p. <fe 1
Div. IstM., gold, guar. p. &i. (end.).o*
St. Louis Alton & T. H.— Stock (not held by Illin
Bellev.A Carondelet, IstM., Belle, to E.C.gold.o'
Bellev. & El Dor., 1st M. (I.C.owns $100,000)c*
o*
St. Louis Southern., lstmort., gold
Carbondale & Shawneetown 1st M., gold., .o*
Iowa Falls & Sioux City— See statement of Dub
not guaranteed. . .
5 1st M. g.,
j«w n*+ di
* West.—
Wfjtt
I
Ind.Dec.
<
Memphis
-
_
}
red 110
£
guar p &i
(end-)c<
798
218
I 239
535
567
567
567
100
ois Ce
17
51
30
17
uque
I 280
Car trusts
Indiana Illinois di Iowa— Stock, $6.000,000
1st mortgage, $3,000,000, gold, red. at llO.Co.c*
^Indianapolis TTn.— 1st M., g., s. f. not subj.to call.c*
Indianapolis <i Vincennes— IstM., guar. p. <fei. (end.)c
2d mort., (to be paid May 1, 1900). V. 0, p. 739
'
a In
City.
1895
1,000
1,000
1,000
1,824,000
933,080
349.000
100
5,<>00,000
1,000
1,000
1,000
1,000
3,000,000
954,000
1,700,000
1,400.000
5
U895
1898
152
93
133
133
1898
1886
1867
1870
addition $5,266,000 consol. 5s are pledged to secure Illinois Ce
bonds of 1886 are secured by deposit of $5,266,000 Chicago
N. O. consols of *81, and are to be included in any new mortg
The collateral trust bonds of 1952 are secured by pledge with the U. 8
Trust Co. of New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 were issued on pledge
of the securities of the Louisv. N. O. & Texas (now Yazoo & Mississippi
Valley RR.) purchased in 1892. Trustee of deed, U. 8. Trust ComT. 1st mortgage bonds, except
pany. All the $16,900,000 L. N. O.
$68,000, all the $9,104,000 mortgage incomes and all but $96,000 of
the $10,000,000 land grant income bonds were owned by the Illinois
Central July 1, 1899, and pledged to secure this loan. See adv. Chronicle, June 11, 1892, and V. 54, p. 964 V. 61, p. 112.
For the Chicago St. Louis di New Orleans the lessee guarantees the
yrincipal and interest of all the outstanding bonds prior to the 5s of
881, and by an endorsement on the latter bonds guarantees the
Sayment of the interest on the same until the principal is paid. Of
iese consol. 5s $5,266,000 additional to the amount outstanding above
are pleged as security for the Illinois Central trust bonds of 1886. The
3*28 of 1897 are guaranteed, p. <& 1., by endorsement— see form of guaranty in V. 65, p. 1071. Illinois Central owns entire $10,000,000 oapItal stock of C. St. L. & N. O., which is held in trust for the 111. Central
leased line 4 per cent stock. (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 & Sioux City bonds
(see Dubuque & Sioux City RR.) due in 1917. shall be transferred to
the trustee without encumbrance. Trustee, United States Trust Co.
See Supplement of Jan., 1899.
The St. Louis Divisional di Terminal bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were Issuable for improvements, equipment, etc., and $1,499,000 are
held 1o retire $1,400,000 underlying bonds still outstanding on the St.
Louis Alton & T. H. system; see table above. See abstract of mortgage in V. 66, p. 138. See also V. 66. p. 133. For year 1898-99
paid
St. Louis Division earned: Gross, $1,618,515; net, $559,983
rentals and interest, $450,787; bal., surplus, $109,196. V. 67. p. 581
Louisville Division di Terminal mort. is for $25,000,000. Of the loan
$1,112,000 are reserved to purchase the 46 miles (Cecilia branch) from
Louisville & Nashville and to retire the L. & N. bonds thereon; $2,500,000 for new acquisitions, additions or extensions. The Chicago
St. Louis & New Orleans, which took title to the Louisville Division,
Joins in making the mortgage securing the loan.
See V. 66, p. 136,
for abstract. See also Supp. of Jan., 1899. (V. 65, p. 367, 516; V.
66, p. 133; V. 67 p. 581.)
General Finances.— In 1899 sold the remaining $7,500,000 of the
$60,000,000 of authorized capital stock.— V. 69, p. 594, 645.
The Fort Dodge & Omaha RR., 130 miles, was opened Nov. 1, 1899.
V. 67, p. 956; V. 69, p. 130, 595, 1011
EARNINGS.-8 mos., J 1899-1900. Gross, $21,927,758; net. $7,463,970
July 1 to Feb. 28. ) 1898-1899. Gross, 18.975,927; net. 5.989,343
Mileage operated 3.995 la 1899-1900, against 3,671 in 1898-9.
Annual Report.— Fiscal year ends June 30. Annual meeting is held
at Chicago the third Wednesday in September. Report for 1898-99 was
published at length in V. 69, p. 589, 594. See also editorial, p. 570.
The following does not include Yazoo & Mississippi Valley— which see
below, but does include the St. L. Alton & T H. since Oct. 1, 1895
Year ending June 30
1897.
1899.
1898.
Miles operated
3,130
3,679
3,808
Passenger earnings
$4,214,461
$5,409,538
$5,103,812
Freight earnings
19,251,344
15,162,019
18,918,729
Mail, express & miscellaneous
2,734,458
3,295.279
3,453,808
Total earnings
$2*. 114,690 *27,3T7,820 $22,110,938
The
St. L.
trust
&
&
;
;
Operating expenses
$19,652,262 $18,655,470 $15,735,884
F. ot. op. expen. to gross earns
(71-16)
(68-29)
(69-58)
Net earnings
$8,552~428
$6,375,054
$8,662,350
Net receipts from interest, <feo. 2,547,658
2,110,756
2,177,064
Miscellaneous
59,305
53,44
33,420
Total receipts$11,1-3,506
$8,539,250
10,898,719
Interest on 111. Central bonds.. $2,902,465
$3,189,972
$2,993,545
Int. on Chic. St. L. &N. O.bonds.
1,648,905
2,361,874
2,139,660
Rental Dub. & Sioux City RR..
531,193
981,646
793,453
Net rental St. L. A. A T. H
340,627
506,020
533,406
Dividends on 111. Central stock 2,812,500
2,625,000
2,625.000
Miscellaneous
•947 ,452
50,000
50.000
Balance, surplus
$153,553
$866,203
H$1.519,001
•Includes $501,452 additions to insurance fund and $396,000 fund
for airbrakes and couplers from July 1, 1898, to Deo. 31. 1899.
H Includes $1,475,040 betterments, against $829,000 in 1897-8.
Yazoo &• Mississippi Valley— Results on 955 miles in 1898-9; 807
miles In 1897-SFeai
Gross.
Vet.
Other inc. Interest, etc. Bnl. stir.
1898-99.... $4,576,350 $1,257,334
$916,6*0
$340,921
$267
1897-98.... 4.775,648
1,569,028
206
784,031
785,203
(V. 70, p. 230, 280, 532, 583.)
Indiana Decatur
oatur,
111.,
152 miles.
The Chicago
&,
Ohio River
Ind., to DeRR., Sidell to West
4
g.
3Hsg
3 g.
3^
g.
6
5
g.
3Hsg.
F.
J.
J.
J.
J.
&
&
&
&
J.
J.
J.
D.
<fe
&
&
&
6g.
7
{: &
4 g. u &
4g. M
4
g.
2i*
D.
ij.
J.
J.
D.
J.
8.
8.
<fe
5
do
do
do
do
do
do
do
do
do
do
do
do
do
A.
Jrj&Drj
J/j&D/y
g.
.1.
<fe
J.
&
5 g. A.
4i$g. M.
7
6
F.
M.
ral trust
1950
1953
Aug.
1951
July
1951
July
1951
July
1953
Dec.
1907
June 15,1951
June 15,1951
Dec. 1. 1951
d*
do
do
do
do
do
do
do
do
do
do
do
do
'
Jan., 00,
June
Trust Co.
do
York.
J. N. Y., Central
do
J.
New
&
&
&
&
1,
1,
1,
1,
1,
1,
1,
1%%
1,
July 1,
Bent. 1,
Men. 1,
1928
1910
1931
1932
Jan.
Jan.
1935
1935
1,
1,
Monthly.
O. N. Y., Cont'l Trust Co. Oct. 1, 1948
N. Phila., Fidelity Trust.
May 1, 1926
A. N. Y.,Farm. L. ATr.Co.! Feb. 1, 1908
N.
do
do
May 1, 1900
I
|
bonds
of 1886.
Liberty. 78 miles, was acquired in 1899 and is operated as the Ohio
River division; trackage, West Liberty to Olney.8 miles; total, 238
miles. V. 68, p. 523.
Successor in 1894 of Indianapolis Decatur &
Western, foreclosed.— V. 61, p. 1064; V- 64, p. 41, 953; V. 65, p. 27
Stock and Bonds.— Stock, $912,000 common and $912,000 preferred,
all owned by Cin. Ham. & Day. interests. V. 61, p. 1064.
The first mortgage of 1895 is authorized at $12,000 per mile for
additional road built or acquired; the bonds are redeemable by lot at
110, at anytime on eight weeks notice; mortgage trustee. Central
Trust Co., N. Y., and Augustus L. Mason of Indiana. Of the bonds,
$933,000, issued in payment of the Ohio River division, are guaranteed
principal and interest, by the Cincinnati Ham. & Dayton. V. 69, p. 795.
Dividends.—In 1897 to 1899, both inclusive, 3 per cent yearly paid
on preferred.
Annual Report.— Report for 1898 99 was in V. 69, p. 952.
Oper.
Tears end. bross
Bal„
6
oharaes Divon
^narges.
•""*
June 30.
expen.
pre ,
ance.
1898-9^.. $523,599 $374.85 1 $148,745 $105,713 $27,360 $15,672
1897-98.. $481,701
353,282
128,419
91.200
27,360
9,859
Prest.,M. D. Woodford; Vice-Pres., Hy. F. Shoemaker.— V. 69, p. 952.
—
-
Indiana Illinois &. Iowa RR.— Owns from Streator, DI., to
South Bend, Ind., 152 miles; Streator to East Clinton, HI., 102 mile-,
under construction, to be completed in 1900, of which Streator to
Ladd, 42 miles, is Streator & Clinton RR. (entire stock owned) and
Ladd to East Clinton, 60 miles, is C. B. & Q. trackage; also leases for
50 years from Feb. 23, 1900, the St. Joseph South Bend & Southern
RR., South Bend, Ind., to St. Joseph, Mich., 39 miles; total to be operated on completion of East Clinton line, 293 miles, whereupon trackage between Kankakee and Seneca, 38 miles, will be discontinued.
Stock.— In June, 1899, the stockholders authorized the increase of
the stock from $4,000,000 to $6,000,000.
Bonds.— Of the new $3,000,000 5s, the remaining $500,000 were issued in 1899 for the extension from 8rreator to the Illinois River;
about 35 miles. Bondholders elect two directors. V. 67, p. 578, 634.
Earnings.— 8 mos., 5 1899-1900
Gross, $720,389; net, $219,273
July 1 to Feb. 28. < 1898-1 899
Gross, 554,150; net, 209,198
Earnings.- Report for vear ending June 30, '99, was in V. 69, p. 953,
showing: gross, $902,305; net, $340,210; other inoome, $1,565; interest, taxes, rentals, $163,777; improvements, equip' t., etc.. $41,193
In 1897-8, gross, $820,384
balance, surplus for year, $136,804.
,
net, $263,892— (V. 67, p.
70, p. 480.)
Indiana
&.
949.
V. 69, p. 27,
V. 68, p. 1133;
Lake Michigan.— See
St.
95 3; V.
Joseph South Bend
& So.
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— 1213 miles (which see).
Formed in 1850 and furnishes terminal facilities to the several
railroads entering Indianapolis. Capital—The Cleveland Cincinnati
Chicago & St. Louis, the Pittsburg Cincinnati Chicago <fe St. Louis and
the Terre Haute & Indianapolis are virtual proprietors, thev having invested in it $859,175 to June 30, 1898. No stock outstanding. Bonds.
—Trustee of mortgage is the Fidelity Ins. Trust <fc Safe Deposit Co. of
Philadelphia. Bonds for $46,000 have been canceled by sinking fund.
For year ending June 30, 1899, gross, $568,218 net, *230,697 other
income, $15,855: charges, $164,372; balance, surplus, $82. ISO. In
1897-8, gross, $530,393; net, $159,760; other income, $9,749.
Indianapolis
Owns from Indianapolis, Ind.
Vincennes
to Vincennes, 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
Securities.— Stock, $1,402,000; par, $50; of which Pennsvlvania
Company on Jan. 1 1*99, owned $1,401,900. The *1, 400, 000 guaranteed 2d mortgage 6s will be paid by the Penn. RR. at maturity. Mav
V. 70. p. 739.
1, 1900.
Y'rend.Decji: Gross
Xet.
Interest, etc.
Batanee.
;
1898
1897
¥585,543
489,304
— V. 70, p. 739.
International
view on Texas
&
;
RR.—
&
$107, S30
84,403
& Great
$209,321
209,397
Northern
def.
def.
RR.— Operates
$101,991
124,994
from Long
Pacific (near Shreveport, La.,) southwesterly to
Galveston, also to Laredo, Tex., on Mexican National RR.
Houston &
Lines owned —
Longview, Tex.,
Miles.
to
Laredo,
Tex
Palestine to Houston.
Mineola,
branches
496
150
Tex
Columbia,
\
—
Lines Operated
Galveston, Houston
(jointly with M. K.
Other
Miles.
& Hen.
& T)
50
26
liiics
etc.,
101
Total system
Organization.— Reorganized without foreclosure
in
823
1892 under plan
in V. 54, p. 203, 366. Stock authorized is $25,000,000; outstanding,
$9,755,000; par, $100; controlled in interest of Missouri Pacitlc.
Bonds.—The second mortgage interest, sealed to 4*a per cent, until and
but In case of default the
including Sept. 1, 1897, is now 5 per cent
rate reverts to 6 p. c. as formerly. On Dee. 31, 1898, bills payable,
obligations,
#109,166.
$190,000 car trust
Earnings.— Jan. 1 to April 14, gross, $1,066,865 in 19J0; in 1399
$1,031,376.
;
;
& Western Ry.— Indianapolis,
Dividends.
4g. J. & D. New York, 214 B'dway. Deo.
do
4g. M. & N.
do
Nov.
1890 $1,000 $3,000,000
1892 500 &o. 25,000,000
5,425,000
1894
1,000
( ,35 4,000
1897 500 &C
4,939,925
1,000
^ 1897
1897 500 Ac. 21,388,000
80,0u0
1877
1,000 all,289,000
1881
1,359,000
1897
1,000
3,500,000
1,000
1889
80.100
ntral).
100
470,000
1883
1,000
1880
88,000
1,000
538,000
18S0
1,000
241,000
1887
1,000
&8iou x
Whom.
Payable
SUPPLEMENT.
DSTYESTOKS'
7tt
[Vol.
LXX.
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciRAILROADS.
INTEREST OR DIVIDENDS.
Date
Miles
Size, or
For explanation of column headings, &c, see notes
Par
of
of
on first page of tables.
Road. Bonds Value.
<t Great Northern— 1st mort., gold
2d mortgage, gold
o'
3d in. ($3,000,000) (formerly incomes), g
o"
Colorado Bridge bonds, sinking fund
lnteroeeanic Ry. of Mexico— Ord. shs., £1,700,000.
International
Preferred stock. 7 percent, cum., £1,000,000...
Pr. lien dob. subj. to oall at par aft. Mcb. 1, '97.
Four p. c. deb. stock, sub. call, par, £1,150,000.
Deb. stock, 7% "A," subj. to call, 110, uon-cum..
Deb. stock, 7% "B," subj. to cj-11. ISO, non-cum..
Iowa Cent.— Common stock, $11,000,000 auth
Preferred stock, $7,400,000, 5 p. c, non-cum
let M., for $7,650,000; $15,000 per mile, gold, .o*
Keithsburg Bridge 1st M.,g.,guar., red. at par.o*
Iron Ra ilway Stock
Jacksonville <t St. Louit—Stoeh Trust Certificates.
Jacksonv. Southeast. 1st M., Jack, to Litchfield..
1st consol. mortgage, $650,000, gold
PPc'
Income M, gold, non-cumulative, $1,650,000.PP
Jacksonville Ter. Ry.— 1st M., $500,000, g., guar.c*
Jamestown <& Chautauqua— 1st M., $250.000.f o.c*
Jefferson— 1st & 2dMs,ext. in '87&'89 (H'daleBr.)c
—
1st M. Carbondaleto 8. depot, gold, guar. p. i .o*
Joliet d Northern Indiana 1st M. gu. p. &i. M. C.c
J-mclion (Philadelphia)— 1st m.,guar.p.&i.(ext'd).
2d mortgage, guaranteed prin. &int
a.anaw.<e Mic h.— 1st M., $15,000p.ni.,er.,gu. p.& i.c*
Kansas City Belt— 1st ($534,000 gu. K.C.F.8.&M.).c*
Kansas Uity Clinton <£ Spring.—1st M., g., guar, .o*
Pleasant Hill & De Soto 1st mortgage, gold
Kansas City Ft. Scott & Memphis— Stock
Preferred stock contracts, 8 percent
<fc
—
Tear.
1899
1898
1897
—(V.
.
Net.
Other inc.
$1,151,301 $
1,201,355
1,868
6,215
981,829
647; V. 66, p. 471; V. 70, p. 737.)
Gross.
$4,177,808
3,990,855
3,657,336
63, p.
1879 $500<fcc,
1881 500 &c.
1892 500 Ac.
1,000
1880
776
776
776
£10
10
50
&o
10
10
100
100
503
1888
1885
"20
54
112
112
100
100
!
"30
|
8
37
45
3 56
3-56
164
10
174
1,000
1,000
:
i
j
>
1880
1896
1896
1894
1898
1867
1889
1877
1882
1865
1890
1886
1885
1877
1,000
j
I
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
100
100
Balance.
Charges.
$952,368 sur.$198,933
1,156,700 sur. 46,523
1.023,153 def. 35,109
to
City, Mex., 342 miles; Los Reyes to Puente de Ixtla. 123
miles; Los Arcos to Tlaucualpican, 72 miles; other branches, 18 miles;
miles from Cuantla to
total, 555 miles. In Nov., 1899, line of 39
Atencingo to connect Morelos and Matamoras branches was under
^
construction.
Organization.— Chartered April 30, 1888, by the Mexican Government; concessions expire 1982, when t*tate may purchase right* upon
certain fixed terms. In 1896 reorganized per plan in V. 62, p. 364.
Securities.— The 4 per cent debenture stock (issue limited to £1,150,000) is a first charge on the entire undertaking, subject only to
the £400,000 prior lien debentures, to retire which £450,00 of the
debenture 4s are reserved. An additional £171,340 is reserved lor
working capital; balance, £528,660, was issued to replace old securities. As to rights of "A" and "B" stock, see V. 62, p. 364. Dividends
on "A" stock: In 1896, 3 p. c; 1897, 2^ p. c 1898, 3 p.c; '99, 5*4 p.c.
Earnings.—Jan. 1 to March 31, 1900 (3 months) gross, $1,042,600,
against $987,500 in 1899.
Gross.
Net.
Net in S..
Tear ended June 30:
(Mex.) $3,612,592 (Mex.) $842,521
£85,464
1899
(Mex.) 3,033,209 (Mex.) 728,031
1898
65,500
Net revenue account for 1898-99 showed £39,422 available for distribution to holders of 7 p.
"A" debenture stock, equal to S 1* per
cent on that stock, with a balance of £814 to carry forward.
Officers.— Chairman, Walter J. Stride; Sec, G. W. Hoghton: Treas..
H. Friederichsen. 9 New Broad St., London. V. 66, p. 573.
1
;
Ry.—
Operates from Peoria, HI., westerly to Oska
Central
loosa, la., thence northerly to Manly Junction, la., and branches, viz.
Miles.
Owns
Leases
Miles
Iowa June, 111., to Miss. River. 89 Keithsburg Bridge over Miss.. 2*2
Miss. River to Oskaloosa, la... 95 Track, Iowa Junct'n to Peoria. 3^
Albia to Manly Junction
178
145
Branches to Belinond.etc
Total of all
513
The Iowa Central & Western RR. was incorporated in October, 1898,
in the interest of the Iowa Central, for the purpose of future extensions. Under th'8 charter the line from Belmond to Algona, 37 miles,
has been operated from January, 1900.
History.— Reorganization (by plan in V. 44, p. 653) of the Central.
Iowa sold in foreclosure in 1887-88.
—
Capital Stock.—The preferred
entitled to 5 per cent (non-cumulative), then common to 5, then both share pro rata.— (V. 62, p. 548.)
Dividends. On preferred stock in 1892 paid 1 per cent; in 1899,
March, lifl p. c. Sept., 1*2 p. c in 1900, March, l^ p. c.
Bonds.— Mortgage trustee Mercantile Trust Co.; abstract V. 49, p. 582.
Earnings.— 1 month, > 1909
Gross, $1"6,113; net, $36,871
Jan. 1 to Jan.31.
51899
Gross, 161,114; net, 47,009
Annual Report.— Fiscal year ends June 30; report for 1898-99 was
In V. 69, p. 849. Soft coal tonnage in year 1898-99 was 730,360 (47
1897-98 was 670,850 tons; in 1896-97 was
p. 0. of total tonnage)
611,796 tons. Ton-mile rate in 1898-99 was 082 cents, against 0-94
cents in 1897-98; train load 1896-97, 173 tons.
1899.
1898.
1897.
Tear ending June 30.
1896.
513
509
509
Av'ge miles of road oper.
499
is
—
;
;
;
Gross earnings
$2,120,575 $1,868,349 $1,564,205 $1,839,708
559, "19
531,541
Net earnings (over taxes)
400,561
617,385
574,694
543,318
408,348
Tot. net reo'ts (incl.rents)
631,721
Interest, rentals, *o
387,207
375,892
374,792
373,163
Improvements
61,948
30,054
80,238
Dividends on preferred. (1^)85,005
$102,482 $105,478
Balance, surplus
$3,502 $178,320
President (Sept., '99), Robert J. Kimball.— (V. 69, p. 491, 849, 1346.)
Iron Railway.— Owns road, Ironton, O., to Centre, O.. 13 miles
and I ranches, 7 miles. Dividend in 1891, 1*2 per cent. No funded
debt. Bills payable, June 30, 1897, $30,200. In year ending June 30,
1899, gross, $51,204; def. under operating, $7,946. In 1897-8, gross,
$43,314.
Jacksonville 6c J t. Louis Ry.—Owns Jacksonville to Oentralia,
LU., 112 miles. A reorganization July 1, 1896, of the Jacksonville LouisVoting trustees,
ville & St. Louis RR., oreclosed June 10, 1896.
Robt. F. Kennedy ana J. H. Dunn, etc. see V. 63, p. 30. The
first consol. bonds may be increased to $650,000, but only to take
For the year 1898-99,
up the Jacksonville Southeastern bonds.
gross, $182,781; net, $41,307; charges, $50,807.— V. 63,p. 30, 880.
Jacksonville to Cadillac,
Jacksonville Ac Southwestern
Fla., 80 miles, operated April, 1900; under construction, Cadillac to
Manatee Springe, Suwanee River, 28 miles In July, 1899, bonds had
been taken by the officials and their Immediate friends. V. 69, p. 80.
RR.—
$7,954,000
7,051,000
g
A
2,727,644
198,000
£1,700,000
1,000,000
400,000
5
599.886
4
735,392 5 1* in'99
469.459
8,488,700
5,670,4«6 3 in '99.
6,900,000
591,000
6 g.
600,000
1,500,000
300,000
6
350,000
g
1,582,000
t
500,000
5 g.
250,000
5 g.
300,000 4*2 & 6
2,800,000
800,000
425,000
413
300.000
6
2,469,000
4g.
2,050,000
6
3,192,000
5 g.
58,000
7g.
9,898,000
2,750,000
'
?*
When Where
pal, When
Payable, and by
Payable
WTiom.
&
&
&
&
N.Y., office, 195 B'way.
See remarks.
M.
M.
M.
M.
&
MAS
J.
N.,N.Y., office, 195 B'way.
8.
8.
N. N.Y.,
office,
195 B'way.
London,
do
M.
J.
J.
& S.
D.
& D.
<&
<fe
&
&
&
&
&
&
&
&
&
&
&
&
&
N.
J.
O.
J.
J.
O.
o.
J.
o.
o.
1,
1910
1925
1935
Jan.
1939
N.Y., 32 Liberty Street. July
N. Y., Contin. Trust Co, Nov. 15, 1998
Phila., Fidelity Tr. Co.
July 1, 1927
N.Y., Erie RR.
Jan. 1, 1909
N. Y., Farm. L. & Tr. Co. July 10, 1907
Phila., Broad St. 8ta.
July 1, 1907
do
Apr. 1, 1900
do
N. Y., Central Tr. Co.
Apr. 1, 1990
Boston, Of., 50 State St July 1, 1916
Boston, Merch. Nat. Bk. Oct. 1, 1925
do
do
Oct., 1907
Boston, Of., 50 State St Feb. 16. 1891
do
do
Feb.15,'00,5%.
July
O. Phila.,Penn.Co.for Ins,
J.
J.
May
1919
1909
1921
1920
July 10, 1891
See text.
J.
1,
Sept. 1,
Sept. 1,
N. Y. office, 20 Broad St. Mar. 1,'00,1'«
N. Y., Mercantile Tr. Co. June 1, 1938
N. Y., Central Trust Co. June 1, 1925
Boston.
yearly.
Nov.
Moh. 31,1912
Sept. 15, 1950
Sept. 15, 195a
Sept. 15, 1950
J.
15
Due.
Stocks— Last
Dividend.
Oct.
1,
1,
1,
1,
President, J. M. Barnett, Grand Rapids, Mich.; Sec, A. G. Cummer*
Jacksonville, Fla.; Treasurer, H. J. Hollister, Grand Rapids, Mich.—
V. 69, p. 80, 180.
Jacksonville
A: Key "West Ry.— See Savannah Florida
Western Ry. and Florida East Coast Ry. Co.
Jacksonville Terminal Ry.— Owns union freight and passenger depots [the latter opened Feb. 1, 1895,] and terminal properties at
Jacksonville, Fla., including 20 miles of track, used by Savannah
Florida & Western, Florida Central & Peninsular and Jacksonville St..
Augustine
Indian River (now Florida East Coast Ry.), which companies guarantee by endorsement the principal and interest of above
bonds; trustee. Metropolitan Trust Co., N. Y. In January, 1900, the
Supreme Court of Florida on appeal sustained the ri^ht of the Atlantic
Valdosta
Western RR. to terminal facilities with same privilege as
other tenants. V. 70, p. 230. For year 1898-9, gross, $73,934; net,
$4,489; other income, $30,119; deductions, $34 608. V. 70, p. 230.
Tampa
&
Interoceanic Railway of Mexico, Limited. —Vera Cruz
—
Cent.
-
Mexico
Iowa
Amount
Outstanding Rate per
&
&
Jamestown
6c
Chautauqua Ry.— Jamestown,
N. Y., to Chau-
lauqua. 26^ miles; branch to Falconer, 3 ^ miles; total, 30 miles.
Reorganization in 1898 of Jamestown & Lake Erie sold Nov. 1, 1898,
V. 67, p. 956; V. 68, p. 130. Stock, common, $350,000 5 per cent
non-cumulative preferred, $125,000. For 7 mos. ending June 30. '99,.
gross, $29,438; net. $6,546; charges, $8,692; deficit, $2,146. Pres.,
W. A. C. Ewen; Treas., Rich. 8. Storrs, 40 Wall St., N. Y.— V. 68, p.130.
—
RR.—
Jefferson
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 & Hudson to reach Carbondale. Stock, $2,096,050; all owned by Erie RR.
Joliet 6c Northern Indiana
Owns Joliet, HI., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central system. Road opened in 1854 and leased to the Miohigan Central. Stock
($300,000, par $100) carries dividends of 8 per cent per annum.
Junction
(Philadelphia).— Owns Belmont, Pa., to Gray's
Ferry, Pa., about 4 miles. It connects the Pennsylvania, the Philadelphia & Reading and the Philadelphia Wilmington & Baltimore railroads,
ooming into Philadelphia, whioh three companies jointly guarantee
principal and interest of bonds. Leased for 99 years from Feb., 1899,
to Phila. Wilm. & Bait; lessee to pay fixed charges, keep road in repair and pay bond interest and 6 percent on sto k.
Stock $250,000;
(par $50), reported to be now all held by Phil. Wilm. & Bait, and the
Penn., the Phil. & Read, having sold all its ii.terest to the Penn.— V.
68. p. 428. Dividends— in 1891 40 p. c, in 1892 35 p. c, in 1893 30;
1894, 15; in 1895, none; 1896, 15 p. c; 1897, 10 p.
V. 68, p. 428.
6c Michigan Ry.— (See Map Toledo <£ Ohio Central.)
Owns Corning, O., to Gauley on the Ches. & Ohio, 172 miles, less 17
RR.—
RR.
c—
Kanawha
—
Pomeroy to Gallipolis, and 1 mile, Athens to Armitage, where
Hock. Val. Ry. tracks are used. Also owns branch of 11 miles leased
to Toledo & Ohio Central and Col. Shawnee & Hocking Ry.oompannies.
History, Etc.— Reorganization in April, 1890, of the Kanawha &
Ohio Railway sold in foreclosure. (V. 50, p. 451, 483.) In Oct., 1890,
a large interest in the stock was aoquired by the Toledo & Ohio Central,
which has guaranteed the bonds, principal and Interest (See V. 52, p.
miles,
165. 351.) Capital stock $10,000,000 ($1,000,000 in treasury June,
1899). The first mortgage bonds are limited only to $15,000 per mile
of road constructed. June 30, 1899, loans and bills payable, $37,750.
Latest Earnings— 8 mos., ) 1899-0..Gross, $490,984; net, $100,283
July 1 to Feb. 28.
410,855: net, 106,786
5 1898-9. Gross,
Surplus over 8 mos' charges, $34,196 in 1900, agst. $39,644 in '99.
Annual Statement.— In year 1898-99 gross, $634,065; net, $167,371; int., taxes, etc., $132,709; balance, surplus, $34,662. In 189798, gross, $558,343; net, $152 443.— V. 65, p. 1021; V. 70, p. 584, 633.
Kansas City Helt Ry.—From Argentine to Valley of Blue River, 10
miles.
Stock authorized $2,500,000 (par, $100);
outstanding
owned one-half by Atchison Topeka
$100,000 (par, $100);
by
Kansas City Fort Scott & Mem& 8anta Fe and three-tenths
phis and two-tenths by Chioago Milwaukee & St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
to C M. & St. Paul and Atchison Top. & S. Fe (jointly with
other companies) for payment in each oase of 3 p. 0. per annum of
cost of property used with equal proportion of cost of conducting
transportation and maintenance according to wheelage. The mortgage is for $2,500,000. Earnings.— For year ending June 30. 1899,
gross, $203,239; net, $156,160; interest, taxes, etc, $136,192; bal.,
Pres't, E. S. Washburn, Kansas City, Mo.
sur., $19,968.
from 1888
Kansas City Clinton
6c
Springfield
Ry.— Owns
from Cedar
Junotion, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant
Hill, Mo., 10 miles; total, 174 miles, but only 163 miles operated.
Stocks, Etc.— Stock, $1,775,400 (par $100), one-half owned by
Kansas City Fort Scott & Memphis, whioh guarantees the bonds.
Annual Report.— Fiscal year ends June 30. In 1898-9, gross,
$284,278; net, $65,100; other income, $1,880; interest. $163,660;
balance, deficit for year, $96,680. In 1897-98 gross, $339,447; net,
$118,122.— (V. 61, p. 1010.)
Kansas City Eldorado 6c Southern Ry. -In October, 1899,
merged in Missouri Kansas & Texas.— V. 69, p. 906.
RAILROAD STOCKS AND BONDS.
April, 1900. J
77
Subscribers "ill confer a great favor by giving immediate notice of any etror discovered In these Tables.
RAILROADS.
Date
Miles
Size,
or
Amount
for explanation of column headings, &c, see notes
of
of
Par
on first page of tables.
Road. Bonds Value.
lily Ft. Scolt <& Memphis— 'Concluded.
K. C. F. 8. & G. 1st M., I'd. gr.,8. f., dr'n at 110. o*
Ft. Scott So'eastern
M.. 1st M., dr'wn at 105. c*
Short Creek & Joplin 1st M., drawn at 105
o
Memphis K. &Col. IstM
c
Outstanding
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Due.
by Slocks — Last
Dividend.
Whom.
Payable
Cent.
£/»<.</*- -Princi-
pal, When
Kansas
&
*
Kansas & Missouri RR. 1st mortgage
Oonsol. mortgage ($25,000 per m.) not dr'n. IV Be
Current Riv. RR. let mort., $20,000 p. m., guar
Kan. C.&M. R y&B dgel8tM.g.,s.f.,dr'natll0.c
Kansas Equip. Co. 1st M. guar., s. f., red. at 110
Ft. 8cott Equip. Co , 1st M., cal' at par
Kan. O. Memph. dt Bir.— Gen.M., $4,500,000, cur. c*
Income, non-cumulative, $7,000,000, cur
c"
,
160
103
22
50
26
708
81
;
1884
1
!
,
c*
Birmingham equipment M.,g.,gu. (red. at 110)..
Memphis Equipment Co., guar., red. at 110
o*
Kansas City dt northern Connecting RR. —
1st mort., gold, $20,000 per mile, $3,000,000 c*
2d mort., income, gold, non-cum., $1,250,000
Kan. Oity Northwestern— M., gold. See text.Me.c*
K. O. dt Om.—Ut M. ($15,000 p. m.) g.. int. gu. c*&r
Kan. City dt South'n -Stock, com., $30,000,000
Pref. stock, 4 per cent, non-cum., $21.000.000...
1st mortgage, gold, $30,000,0i>0
Me..c*
K.O. St. Jo.dk Coun.Bl— Con. M. (Nos. 1 to 500 pf.)o*
let Ms. Nod. and Tark. Val. RRs. s. f (dr.at 100) c*
.
.
1879 $100&c
1880
1,000
1880
1,000
!
91ia
91»a
1,000
1882
1,000
1888
1,000
1887
1,000
1889
1,000
1889
1,000
1899
1894 500 &C
1894 500 <fec.
1888
1,000
1890
1,000
Text.
Text.
i.94
1894 500 &c.
1887 500 <fec.
248
62
1900
i'.obo
1877 100 &o.
1880
1,000
Kansas City Fort Scott 6c Memphis RR.— Owns main line from
City, Mo., to Memphis, Tenn., 485 miles, with branches, 236
miles; total owned, 721 miles. Controls the Current River RR. (Willow
Springs, Mo., to Grandin 82 m.),o wning $942,000 of its $1,606,000 stook
Owns one-half oapital stock of K. C. Clinton Springfield and of K. C.
Memphis & Birmingham RR.; also 300 shares Kan. City Belt.
Dividends.— '86, '87, '88, '89, '90, '91, '92, '93, '94'99 1900.
On common... 4%, 4^, 3*s, 3, 3^, 1,
0,
0,
&
On
preferred..
8%,
8,
8,
8,
4,
8,
8,
5.
•
Feb., 5
Bonds.— Consols are reserved for all prior bonds when due.
General Finances.— On June 30, 1899, bills payable for equipment
were $207,561. In 1897-8, $738,000 consol. 6s were issued to reim-
burse the company for K. C. Springfield & Memphis 6s (paid in cash
May 1,1894), to retire $320,000 ten-year notes and $80,000 demand
notes.— V. 67, p. 1304.
Earnings.— Including K. C. C. & S. and Cur. River, July 1 to Fob. 28:
Gross.
8 mos.—
Net.
Charges.
Bal.,surp.
1899-0
$3,900,214
$1,241,444
$961,051
$280,393
1898-9
3,1(31,049
987,535
930,333
57,202
annual Report.— Report for 1898-9 in V. 69, p. 1146.
Tear end. JuneZO.
1899.
1898.
1897.
1896.
Gross earnings
$4,346,276 $4,595,085 $4,137,128 $3,991,694
Net earnings
$1,362,625 $1,405,748 $1,310,557 $1,209,695
Interest and misceU.. 1,294,882
1,248,004
1,260,223
1,147,139
Balance, surplus....
$67,743
Deficits paid on Current River RR.
field
RR
in
$157,744
$50,334
$62,556
and Kansas City Clinton & Spring1897-8 was $75,239, included above.— V. 69, p. 1062, 1146;
V. 70, p. 328.
Kansas City Memphis
Memphis
to
Birmingham,
Birmingham RR.— Owns from
253 miles, and branohes to Aberdeen,
23 m. Reorg. in 1894. (V. 57, p. 938.)
6c
Ala.,
and Bessemer, Ala.,
Stock, Traffic Guaranty, Etc.—The stock is $5,976,000; par, $100.
The Kansas City Fort Scott & Memphis owns half the stook and gives a
trattio guarantee of 10 per cent of gross earnings derived from business
to and from this road, to be applied to interest.
Bonds.— On income bonds in Sept., paid: in 1897, 2 p. c; in 1898, 2i«
Miss.,
p. c; in 1899, 3 p.
c
Latest Earnings.— From July
8 months.
189;-0
1898-9
Gross.
1 to Feb.
Net.
28
(8
1,818,000
1,156,000
935,680
2,713,000
29,561,250
20,417,500
26,19 \500
5,000,000
1,000
1,000
Kansas
months)
Charges.
Balance.
$1,149,943
$380,424 $121,879 sur.$258,545
952,722
264,785
127,865 eur. 136,920
Annual Report—For year 1898-9 in V. 69, p. 281, 1146.
Tear.
Gross.
Net.
Other Inc.
Interest. Bal., Sur.
1898-9
$1,433,294
$373,921
$29,931
$197,743 fl$20-U<'9
1897-8
1,399.168
362,509
31.248
198.0S5 11195,672
2i« per cent on incomes in Sept.,
11 Note.— From surplus 1897-98 paid
1898, $156,925, and 3 per cent In 1898-99, $190,118, leaving balance.
surplus, of $15,991.— V. 69, p. 281, 333, 1146, 1346.
Kansas City 6c Northern Connecting
Line f rom Pattonsburg, Mo., to Kansas City, Mo., 81 miles, and branch from Trimble
to Gower, 10»s miles, the latter being leased to the St. Joseph i Grand
I., whioh also has traokage rights from Trimble to Kansas City.
July
1899, coupons were paid at N. Y.offlce of M. K. & T. Trust Co., No 1
Nassau Street. Slock. $3,000,000, was increased in Oct., )89n, to
$3,500,000. Full particulars regarding bonds were in V. 62, p. 1 177.
On Jan. 2, 1900, Chas. H. Chappell of Chicago and James Hopkins
of St. Louis were appointed receivers of the K. C. & Nor. Conn.. Om. &
8t. L. and Om. K. C. & E., preparatory to reorganization and consolidation, in which, it was understood, J. W. Gates, Jacob H. Schiffand E.
H. Harriiuau would take part. V. 70, p. 39. In Dec, 1899, earnings
were little in excess of operating expenses.— V. 69, p. 1247. in Mar
1900, foreclosure suits were brought under both mortgages.— V. 7o, p.
RR.—
Reorganization Plan.— In Oct., 1899, a plan of reorganization
was Issued, offering the iirst 5s 75 per cent in new 4s ($20,000 per
and 30 per oent in now 4 per cent preferred stock; the 2d 5s 20
per cent in new preferred and 33*3 per cent in new common stock;
the common stock (no assessment to be paid) four shares of new
common for each seven shares of the old stock. V. 69, p. 851. Presimile)
dent, A. E. Stllwell.— V. 67, p. 736; V. 69, p. 851, 1247;
584, 686.
V. 70, p.
* 39,
Kansas City Northwestern RR.— Road Kansas City to Vir162 miles, of whioh Seneca to Axtell, 11 miles, and South
Leavenworth to Leavenworth, 1 mile, are traokage, and 20 miles,
Huninierneld to Virginia, was formerly the Kansas City & Beatrice.
Branches, 12 miles. Total, 174 miles. A reorganization of the K. C.
Wyandotte & N. W., foreclosed Jan. 5, 1894. Stock, $3,500,000 (par
$2,151,600
571,000
94,000
492,000
390,000
13,636,000
1,606,000
3,000,000
761,000
316,000
3,238,930
6,321,860
922,000
189,000
&
&
&
&
&
ii
&
&
&
D. Boat., Nat. WeTjsterBk. June
M."&
Boston. Merch. Nat. Bk. Mch.
c. pd. Sept. 1, 1899, Mch.
8. Boston, Merch. Nat. Bk.' Mch.
Aug.
Boston Ollice.
A.
7
7
7
7
5
6
J.
5
5g.
A.
A.
5
J.
M.
M.
M.
F.
M.
6
4
5
6
I
g.
6
5
5
g.
g.
461,000
I
7
8
"
R N08 — For y ear endin 8 June 30,
«^o
^
$338,080; net, $60,293; other income,
-
1899 (on 174 miles) gross
$1,410; total deductions, $52,-
Jan.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1927
1927
1933
1927
Apr.
1,
1,
1,
1950
1907
1920
May
i
'M.
F.
J.
&
<fe
&
J.
&
&
N. Y., wh<n earned.
J. N. Y., Merc. Trust Co.
'93, coup, last pd.
July,
J.
&
J.
<&
J.
&
1,
1,
1,
v oting trust for 5 years.
eld in
A.
O. N. Y., Merc. Trust Co.
J. Boston, 2d Nat'l Bank,
do
do
D.
Jan.
June
199; balance, surplus, $9,504. In 1897-8, net, $392,794. In 1900, Jan.
1 Co Mar. 31 (3 months), gross, $94,263; in 1899, $73,812.
Kansas City 6c Omaha Ry.— Owns Stronburg to Alma, Neb.,
150 miles, and McCool Junction to K. C. & Omaha Junction, 44 miles.
Reorganization —Reorganization Committee: Anthony
J.
Thomas,
B. Williams, E. Ellery Anderson, E. C. Benedict, Isidor Wormser and 8. L. Parrish dei ository, Central Trust Co., N. Y. The road
was sold in foreclosure July 8, 1896, and purchased by the oommittee
for $150,000. To make the purchase and for repairs, etc, the bond-
Thomas
;
holders were assessed $100per bond. The K. C. & Omaha Railway has
been organized, but complete reorganization will be deferred. V. 64,
As to payp. 567. The line was formerly in Union Pacific system.
ment of old bonds, see V. 69, p. 130. On July 25, 1899, $1,595,500 1st
mortgage bonds were sold at auction to the reorganization oommittee;
no immediate prospect of a reorganization. V. 69, p. 229.
—
Earnings.— Since Nov. 1, 1896, operated independently by St. J. <fe
Gr. Island under operating agreement.
Jan. 1 to April 7 (3J4 months), gross, $65,165 in 1900; in 1899,
$59,860. For year ending June 30, 1898. gross, $274,918; net, $97,438; total deductions, $132.478;balance, deficit, $35,040. In 1896-97,
gross, $196,026; net, $57,590. (V. 64, p. 567; V. 69, p. 130, 229.)
—
M
Kansas City 6c Southern By {See ap.)— Operates a line extending from Kansas City, Mo., to Port Arthur, Tex., (thence by its
ship canal 7 miles to deep water on the Gulf of Mexioo), with branches
and extensive terminals used by various roads entering Kansas City,
consisting of
Miles.
Lines owned—
Miles.
Lines owned—
Kansas City, Mo., to Belt Jet.. 12 Branches to Fort Smith and
Terminal tracks around KanWhite Cliffs, Ark., De Q lincy,
18
sas City
Grand View, Mo.,
thur, Tex
to Port Ar-
766
La., etc
41
—
Trach age
Belt Jet. to Grand View, Mo.
. .
12
Total
849
Organization.— A reorganization of the Kansas City Pittsburg
<fc
Gulf RR., sold in foreclosure Mar. 9, 1900, per plan V. 69, p. 1012,
1062. Owns most of the securities of the following companies whose
mileage is included in the table above under lines owned, viz.: Kansas
City Suburban Belt RR., Union Terminal Co., Consolidated Terminal
Co Kansas City & Independence Air Line and Port Arthur Channel
& Dock Co. The new company took possession Apr. 2, 1900.— V. 70,
,
p. 584.
New Securities —Of the authorized issues, $3,802,500 new 1st 4s,
$582,500 preferred and $438,750 common stock are reserved for
future requirements.
The reorganization plan provided $5,900,000 cash: to pay car trusts,
$1,900,000; do. floating debt, $475,000; do receiver's certificates,
$800,000; do. first mortgage coupons due April 1, 1899, $575,000; to
provide for working capital and expenses of reorganization $2,1 50,000.
Voting Trust.— By modified plan both classes of stock will be vested
for five ysara in the following voting trustees: John W. Gates, Herman Sielcken, William Edenborn, John Lambert, Samuel R. Shipley,
Louis Fitzgerald and James Stillinan. The voting trustees may, in
their discretion, deliver the stock at an earlier date.
Interest Charge.—The annual fixed interest charge will be $785,925. against $1,134,000 under the former plan of the Philadelphia
Committee. (8ee V. 69, p. 384, 440.) Earnings, see V. 69, p. 440. 492.
Latest Earnings.— For year ending \pril 1, 1900, gross earnings
were $3,970,500, against $3,084,000 in 1898-9.
Annual Report.— Report for year ending June 30, 1898, fiven at
length in V. 67, p. 999. 1005, showed gross, $2,878,159; net, $738,977; other income, $1,452; interest and taxes. $893,755: baL, dsf.
$153,326.
Directors — Samuel W.Fordyce (President) of St. Louis: J. W. Gates,
John Lambert.I. L.Ellwood, William Edenborn. Max Pam, of Chicago;
Edward H. Harrimau, Otto H. Kahn, of New York; John J. Mitchell,
of Chicago; William F. Harritv. of Philadelphia: Julius Walsh, Alfred
Cliford, James Hopkins, of St.' Louis.— V. 70, p. 581, 633, 686.
Kansas City Pittsburg 6c Gulf BB.— Sold under foreclosure
Mar. 19, 1900, and now known as Kansas City A Southern Ry.. which
see above. The old securities deposited under the plan (V. 6'.', p. 1012,
1062), will be exchanged for new securities as follows:
ginia, Neb.,
$100), controlled in interest of Missouri Paoitlo Ry.— V. 59, p. 152.
Bonds.— Of the $3,500,000 bonds, $900,000 are series "A." " preferred" as to prinoipal and interest, and are redeemable after 5 years
at 105. Car trusts June 30, 1899 <!).
1,
-Sept. 1,
Sept. 1,
Aug. 1,
1,
Oct. 1,
Oct. 1,
Jan. 1,
July 1,
O. N. Y., Un. Tr. Co. & Bost.
J. Bost., Nat. Webster Bk.
8.
1908
1910
1910
1910
1922
1928
1927
1929
1905
1909
1934
1934
1903
1905
1,
Sept. 1,
Sept. 1 3 p.
5 g
To be h
do
do
do
do
A.
N. Bost., Nat. Webster Bk.
O. Boston, Nat. Union Bk.
do
do
do
do
8.
S.
8.
'Will reeeite.
,
Paving
Old securities.
assess.
(Per $1,000 bond, $100 stock).
none
K. C. P. & G. 1st 5s ($2 » ,000,000)
$10
do
stock ($24,000,000)
none
K. C. Suburban Belt stock ($4,750,000)
do
bonds ($1,000.0 0)
Union Terminal Co. 5s ($2,000,000)...
Consol. Terminal Co. 5s ($750.00*)....
K. C. & Ind. Air Lino 5s ($300.000)
Port Ar. Chan. <k Dock 5s ($1,635,000)
do
do
stook ($1,575,000)
none
none
none
none
none
none
IstM.
3°
.
Com.
stock,
slock.
$750
$500
....
10
25
250
250
250
850
500
1,330
1,000
1,000
1,000
500
»
Pre/.
$100
75
500
75
78
INVESTORS' SUPPLEMENT
|
Vol.
LXX.
RAILBOAD STOCKS AND BONDS.
April, 1900
79
Subscribers mill confer a great favor by giving Immediate notice of any error discovered In these Table*.
Bonds— PrinciINTEREST JH orVIDENDS.
RAILROADS.
pal, When Due,
Miles Date Size, or
Amount
per
When
Where
Payable,
and by Stocks— Last
of
.Par Outstanding Rate
of
For explanation of column headings, &c, see notes
on
first
page of
Road. Bonds Value.
tables.
c
Kan. Oily Suburban Belt— 1st mortgage, gold
o*
Consol. Terminal Ry. of K. C, 1st M., gold
guar.c*
Union Ter. RR. Co.lst M. ($2,000,000) g.
Kansas Citv <fe Indep. Air Line 1st M., gold..c<fer
Kansas City Walking d Gulf— 1st mort., gold..F.c*
Ken.dkI.Br.<6 fer.— K.& LB. 1st M.g. $250,000, gu.
Keokuk dt Des Moines— Preferred stock, 8 per cent
o*
1st mortgage, interest guar. C. R. I. &P
Kewaunet Green Bay de Western— 1st mortgage...
Kingston & Pembroke 1st M., gold
Knoxv. (6 Ohio—1st mort., gold, guar, by rent. c*&r
Lake Erie & Western— Com. stock, $20,000 p. m.
Pref. stock, 6 per cent (not cum.) ($20,000 p. m.).
Ce.c*
1st mortgage, ($10,000 per mile) gold
2d uuort., for $3,625,000 ($5,000 p. m.) gold. Ce.c
Lake Shore & Michigan Southern— Stock
Guar. 10 per cent stock (Mich. So. & No. Ind.)
Consol. 1st mort.sink.fund $250,000 yearly. c<fcr
o<fer
do
Consol. 2d mort.
o*<fer
New mortgage, $50,000,000, gold
guar...c
mortgage,
Detroit Monroe & Toledo 1st
c
Kalamazo & White Pigeon 1st mort.. guar
{.(see M.Cen.)
Bat. Cr. <fe Stur. 1st M„ g.,guar. p.
Sturgis Goshen & St. L. 1st mort., g., p. 4 i. guar.
Kal. Allegan & Gr. Rapids stock, rental guar
c
1st mortgage, guaranteed
Erie & Kalamazoo (l'sed) st'k, Toledo to Palmyra
—
—
<fc
Cln.
&
Springfield 1st mort., p.
&
i.
guar
Lake Shore System—Mahoning Coal BR. —Stock.
c
. .
Pref. stock, see text
letM., Youngp. to And., etc., guar. p.&i.(end)...o
1J
Interest on registered bonds is payable
of 1897
x Additional to $1,000,000
Kansas City
Joseph
St.
Map
&
$1,000,000
750,000
2,000,000
300,000
1,967,400
1,000,000
1,524,600
2,750,000
378,000
572,000
2,000,000
11,840,000
11,840,000
7,250,000
3,625,000
z 49,466,500
533,500
*7,996,000
'7,855,000
31,387,000
924,000
400,000
79,000
322,000
610,000
840,000
300,000
xl, 000,000
1,500,000
661,850
1,500,000
nds J. & J.
30
1890 $1,000
1892
1,000
1893
1,000
1892
1,000
5»a
98 1890 $&£
..
1881
100
162
162 1878 100 &o.
1891
1,000
113 1882
1,000
69 1885
1,000
725
100
100
725
725 1887
1,000
725 1891
1,000
100
100
859 1870
1,000
859 1873
1,000
1897 l.OOO&c
55 1876
1,000
37 1890
1,000
41 1889
1,000
29 1889
100
58
58 1888
1,000
26
50
48 1871
1,000
43
50
50
43
43 1884
1.000
Q.-J.; on co upon bo
guara nteed by C. C. C.
••a
10
Council Bluffs Kit.— (Set
Chicago Burlington <£ Q.)—Owaa from Kansas City to Council
Bluffs, 193 miles, branches 55 miles, proprietary lines (Nodaway Valley
and Tarkio Valley railroads), 62 miles total owned, 310 miles; leases,
6 miles; leased to other companies, 7 m.; total operated, 309 miles.
Stock, Etc.—The capital stock (including Nodaway & Tarkio Valley)
June 30, 1899, $6,050,493, all owned by the Chicago Burlington &
Quincy, and the road is operated as part of that system. Consols. Nos.
1 to 500, both inclusive, have a prior lien. See description of mort
gage in October, 1896, Supplement, page 1. Funding notes, $390,00l>, dated 1893, due Jan., 1907, int. J-J.
;
Dividends.— > '90. '91. '92. '93. '94. '95. '96. (6m.)'97. '97-98 '98-9
5-9
299
425
Percent
8 4-89 3-74
$ 307 740 6-90 8-65
Earnings.— In year 1898-99, gross, $2,243,340; net, $670,898; other
Income, $7,130; interest and rentals, $413,737; dividends, 4*4 p. o.
Kansas City Suburban Belt RR.— Belt Line from Second St.
and Broadway around Kansas City, via the East Bottoms and the valley of the Blue and Brush Creek, providing terminal facilities for the
railroads centering at Kansas City, and furnishes quick transit from
the manufacturing suburbs, etc. The St. Louis & 8. F. RR. uses the
terminals.— V. 67, p. 125. Stock, $4,750,000; par, $100.
In Jan., 1900, was included in the plan for the reorganization of the
Kans. City Pitts. & Gulf, which see above. As to floating debt, etc.,
see V. 69, p. 1247.
Organization.— In 1892-3 consolidated with Consol. Terminal Ry.
and boughtentire capital stock of Kansas City <& Ind. Air Line Co.
Also owns all but $600 of the $2,000,000 stock of Union Terminal RR.
EAHNiNG8.-For year ending June 30, 1899; gross, $543,617; net,
$197,435; interest and taxes, $231,987; deficit, $34,552. Jan. lto Nov.
30 (11 months), gross, $489,859 in 1899, against $483,1 56 in 1898. N.Y.
Office, 36 Wall St.— (V. 68. p. 187, 524; V. 69, p. 384, 1012, 1247, 1346.)
Kansas City Watkins & Gulf Ry.— Completed in 1892 from
Lake Charles, La., to Alexandria, 98 miles; branches, 3 miles. Stock
$1 ,967,400 outstanding in 1898. On June 30, 1899, floating debt about
$200,000. Interest defaulted July, 1895. Henry B. Kane, as ReceivCo.,
er,
took oharge March, 1898.
Foreclosure pending.
New York Committee.— W H. Male, D.
.
O.
(V. 67, p. 73.)
Eshbaugh and Theron G.
Strong; Secretary, H. R. Wilson, 41 Wall St., N. Y.; depository, Metropolitan Trust Co., N. Y. Philadelphia Committee depositary is Girard
Life Ins., Annuity & Trust Co., Philadelphia. For year 1898-9, gross,
$174,231; net, $52,760, against $36,157 in 1897-98. (V. 67, p. 73.)
Kansas midland Ry.— See Supplement of Jan., 1899.
Louis Iron Mt. & South. Ry.— See Mo. Pac. Rt. System.
Kansas Southwestern Ry.— See Supplement of Jan., 1899.
Kentucky «V Indiana Bridge & Terminal Co.— Owns steel
cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and NSW Albany, Ind.. and 5 miles of
belt line in Lo'iisville
also owns Louis. & New Albany Ferry Co.
and N. Albany Street Car Co. Successor on Jan. 31, 1900, to the
Kentucky & Indiana Bridge Co., purchased in foreclosure subject to
the $1 ,000,000 first mortgage by representatives of the Southern Ry.
and Bait. & Ohio Southwestern (B. & O.) V. 70, p. 280. Stock, (1)
St.
;
Earnings.— For year ending June
$76,573.
30, 1899, gross, $210,057; net,
V. 70, p. 280.
Keokuk & Des Moines Ry.— Owns from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from October 1, 1878, to
the Chicago Rock Island & Paciflo Railway, the lesseo to pay 25 per
cent of tbe gross earnings, but guarantees the interest (not the principal) on the bonds. Stock is $1,524,600 8 per cent preferred and $2,600,400 common (par $100), a majority of which is held by the lessee.
Dividends.— )
1893.
1894.
'96 to '98.
1895.
18<>9.
On
2-4
pref. p. c. $
95 cts.
90 cts.
None.
April, i«
Rental: In 1894-95. $137,500; in 1895-6. $139,521; in 1896-7, $137,500; in '97-8, $144,855; in 1898-9, $144,875. V. 68, p. 772.
Keokuk A Western
In 1899 all of the bonds and most of
the stock were acquired by the C. B & Q.— V. 68, p. 379; V. 69, p. 756.
RR.—
Klckapoo Valley dc Northern RR.— See Wiscon. Western RR,
Kingston A Pembroke Ry.— Owns from Kingston, Ont.. Can., to
Renfrew on the Can. Pac, 104
miles; branches, 9 miles In 1899 was
reorganized per plan in V. 67. p. 274, by which $1,000,000 (par
$50) first pref. 5 p. c. non-cum. stock (V. 67. p. 1309; V. 68, p. 130)
anrt $150,000 second pref. 3 p. o. stock issued, floating debt paid and
interest on bonds reduced to 3 p. o. Common stock, $2,500,000; par
$50; issued, $2,204,400. In year 1896-7, gross, $122,804;•«"»»*
net. $21,142
x ' i '"-(V. 67, p. 274, 901 1309 V. 68, p. 130 927.)
;
RR.— Morristown, Tenn.. to Corryton via
Tate Springs (Bean Station), 40 miles. Road when completed to extend from Knoxvllle via Corryton and Bean Station (including 29
miles of present line) to Bristol. 120 miles, with branch Bean Stat'on
to Morristown (remainder of present line). In Oct.. 1899. the extensions were reported under construction. A reorganization of the Morristown & Cumberland Gap RR. sold under foreclosure in Feb 1898
Knoxvllle
Ac
Bristol
,
&
St. L.
Whom.
Payable
Cent.
&
&
Dividend.
D. Phlla., Union Trust Co.
A. Phila. of., 400 Chestnut
A.
do
do
8. Phil. Prov. Life & Trust
J. July,'95, coup, last paid
June
M. <& 8.
See text. See text N Y., Office, 13 Wm. St.
do
A. & O.
do
5
J. & D. N.Y., Office 40 Wall St.
5
Kingston, Ontario.
3g. J. & J.
Mar
6
J.
F.
F.
g.
5g.
5
5
g.
g.
M.
5g.
5
J.
&
&
&
g.
.J
&
5 g. J.
5 g. J.
in
7
1899 J.
&
&
&
&
&
&
&
6g.
5 in 1898
10
7
7
F.
J.
N.Y. Office, 80 BrMway.
J. N. Y., Chase Nat. Bank.
do
do
J.
J. N. Y.,Grand Cent. Stat'n
J.
J.
7
5
F.
J.
J.
J.
g.
g.
595
A.
5
J.
10
7
F.
A.
10 in '99 F.
J.
5
5
J.
After
z N. Y. C
<fe
<fe
&
&
&
&
&
&
&
&
D.
D.
A.
1,
1911
Apr. 15, '99, 1*
,
Oct.
1,
June
1,
1,
1,
Jan.
1923
1921
1912
1925
Nov.15,' 98,1 »*
Jan. 1, 1937
July 1. 1941
Jan. 29,' 00,3 >*
do
Feb. .,'00.5%
Coupons payable by f July 1, 1900
Treasurer at Gr'd
Deo. 1. 1903
Central
Station,
June 1, 1997
N. Y.
Aug. 1, 1906
Registered int. on{ Jan. 1, 1940
con.lstand2dsby
Deo. 1, 1989
Union Trust on
Deo. 1, 1989
new 3>as by U. S.
April, L900
Trust, N. Y.
July 1, 1938
1
1
J.
•
D.
D.
;
O.
J.
Mch.
do
A.
1,
I,
1,
Jan.
N.Y.,J.P.Morgan&Co. July
IT
3ia g.
3
3
,
1920
1922
1923
1922
1930
1,
Feb.
Feb.
J
A. N. Y., Gr. Cent. Station. Feb., •00, 5%
O. N. Y., J.P.Morgan & Co. Apr. 1. 1901
A. N. Y., Gr'd Cent. Stat'n. Feb., 1900, 7%
J. N. Y., Union Trust Co. Jan., 00 2H%
,
J.
do
do
July
1.
1934
deducti ngamounts deposited u ndermortgage
entral h olds $45,284,600 of this
Stock authorized. $1,000,000. In Apr., 1898. made a
& Trust Co. of Camden, N. J., as trustee.
President, Henry J. Braker, 100 William Street, New York; Treas.,J.
B. Foster, Providence, R. I.—V. 66, p. 810.
V. 66. p. 810.
mortgage to the Security
RR.—
&
Owns from Knorville, Tenn., to Jellioo,
Knoxvllle Ohio
Tenn., and branch, 69 miles. Operated by Southern Railway as pait
Stock
is
of its system.
$1,122,200; par, $100. Southern Railway
owns $1,117,400 of the stock nearlv all pledged under its consolidated
mortgage of 1894. Earnings now included in Southern Ry. Year
1895-96 gross, $496,126 ; net, $224,863 interest, $120,000.
Kootenay Ry. dc Navigation.—V. 69, p. 80.
Detroit River Ry.—V. 70, p. 739.
Lake Erie
Lake Erie
Western Railroad.— (See Map).— Owns Sandusky, O., to Peoria, 111., 420 miles, and branch to Minster, 10 miles;
Indianapolis to Michigan City, 162 miles; Fort Wayne to Connersville
and branch to Rushville, 133 miles; total owned. 725 miles, of whioh
701 steel; leased from Oct. 1, 1895, the Northern Ohio RR., Akron to
Delphos, 167 miles; total operated, 892 miles.
History, Etc.— Formed in 1887 after foreclosure of the Lake Erie
& Western Railway. (See V. 50, p. 590.) The terminals at Indianapolis,
Peoria, Fort Wayne and New Castle are operated partly under lease.
The company lets about 74 miles of trackage and terminal rights receiving about $35,000 yearly. In 1899, control passed to the Vanderbilts and in Jan., 1900, a new directory was elected; the road will
be operated as part of the Lake Shore sytem. V. 70, p. 76.
General Finances.— In Jan., 1900, the large floating debt in existence when dividends were suspended in 1899 had all been paid off,
about $800,000 had been expended for improvements, and there was
$350,000 in the treasury. The road earned in 1899 more than a million dollars in excess of fixed charges, and this surplus, together with
the proceeds of sale of the Pittsburg & Western 2ds to B. & O. interests, and of stock in the Cleveland Akron & Columbus RR and the
right of way, etc., of the abandoned Cleveland & New Castle project
to the Pennsylvania system, produced this marked change in the company's financial condition.
Dividends since '89 J 1890 '91 '92 '93 '94 '95 '96 '97 '98 see
on preferred.— (4%
4 4% 5
5
5
5
below
;
&
&
55
Dividends suspended in 1899 on account of advances to Cleveland <k
New Castle Ry., but in April, 1900, it was understood would be soon
resumed.
Bonds.—Abstract of first mortgage in V. 46, p. 45; of 2d mortgage in
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
Annual Report.— Fiscal year ends Deo. 31. Annual meeting is held
at Peoria on first Wednesday in October. Annual report for 1§98 was
given in V. 68, p. 719. The traffio is well distributed, onlv 6 per cent
being coal. Average rate per ton per mile in 1898 was 0-620 cent.
Tear end. Dec. 31.
1899.
1898.
1897.
1896.
Gross earnings
$3,904,177 $3,467,378 $3,439,397 $3,344,274
Net earnings
1,793,365
1,464,693
1,463,282
1,427,015
Deduct taxes
193,030
187,410
187,110
)
Rental of tracks.
> 658,971
42,670
41,725
41,798
Interest on bonds..)
509,725
492,500
471,708
No. Ohio int. guar.
125,000
125.000
125,000
125.000
Dividends
(3%) 444,000 (5)592,000 (5)592,000
.
.
.
.
.
Balance, 8urplus.$l, 009,394
$150,268
$24,647
$9,389
Improvements in 1898 consumed year's apparent surplus.
-CT. 68, p. 130, 232, 282, 523, 719, 1075; V. 69, p. 132, 1012; V. 70,
p. 7b.
Lake Shore
&
Michigan Southern Railway.- (See Map
y. r. Central. )— Operates from Buffalo to Chicago with branches. The
main line (540 miles) includes 26 miles between Toledo and Palmyra
Mioh., under lease from the Erie A Kalamazoo.
Road owned directly.
Miles.
Leased, [Usee this Co.]
iit/es.
Buffalo, N. Y., to Chicago. LU..540 Kalamazoo A. & G. R
59
Sundry branches
327 Jamestown & Franklin
51
Entire stock owned.
Mahoning Coal RR
48
Detroit & Chicago (see below). 26 Erie <fc Kalamazoo (26 m.)
Text.
Detroit Monroe & Toledo
55 Detroit Hillsdale & S. W...tf
65
Kalamazoo & White Pigeon... 37 Fort Wayne & Jaokson
98
fl
Northern Central Michigan
61 Elkhart & Western
11
Sturgis G. & St. L
36
Grand tot. oper. Jan. 1, '99. 1,413
Of the main line 490 miles has double track. By control of " Nickel
Plate" theLakeShore has still another line from Buffalo to Chicago.
Organization, Ac. A consolidation on Aug. 16, 1869. The N.Y. Ch. &
St. Louis (Nickel Plate) road has been controlled by ownership 'of
stock since 1882, Lake Shore now owning $6,240,000 of its common
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock.'
The company also controls and leases the Mahoning Coal RR. [see Lake
8hore "System" below] and owns (besides the entire stock of the pro
prietary lines) $2,675,696 Pittsburg A Lake Erie stock. N. Y. C. <te H.
R. RR. in 1899 had acquired over nine tenths of the capital stock, as
stated below. Dividend was increased from 3 to 3*3 p. <•. in July. 1898.
The Lake Erie & Western RR., control of which was acquired by the
8©
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
April, 19C0
mi
m.>
RAILROAD STOCKS AND BONDS.
J
81
Immediate notice of any error discovered In these Tables.
Bond*— PrinciINTEREST OR DIVIDENDS.
pal, When Dne.
Date Size, or
Amount
When Where Payable, and bv Stock*— Last
Par
of
r»,,;«7o»wi«V. JRate per
term will confer a great favor by giving
RAILROADS.
Miles
For ep Ian ation of column headings, &c, see notes of
Road. Bonds Value.
on first page of tables.
1897 $100&c.
1893
1,000
42
M.,g.,int.red'c'dto5p.o.
1881
1,000
1st
Lehigh, Huason Rivet
63
1887
1,000
2d mortgage, gold
79'81
2ds)
Text.
Ac.
500
&
Ms.
($240,000
Warwick Valley 1st 2d
7 1880 500 &C
Wawayanda RR. 1st mortgage
1890
1,000
L.& Hud. R Gen.M. $3,000,000, g. (see text) Ce.o*
1,000
Lehigh & New Engl'd—\ fit mort., $1,000,000, gold. .... 1895
50
Lehigh Valley— Stock ($106,300 is 10 u. c.pr.ef.)
101 1868
1,000
1st mortgage, c. and r., extended in gold in 1898
r
101 1870
1,000
2d mortgage
1,000
Consol. mort., ) coup. & reg., $4,762,000 4»28.c<fer 285 1873
1,000
$40,000,000, \ annuity, $2,538,000 are 4^8. KP 285 1873
«P.c*&r .... 1897
1,000
Mtge. and Coll. tr., g., call at 107^
1,000
Lehigh &N. Y., 1st M., $2,000,000, g.,gu.p.&i.o*&r 117 1895
1,000
Leh. Val. of N.Y., 1st M., gold, gu. p. & i.(end.)c*&r 283 1890
31 1891
1,000
Leh. Val. Ter.,l8tM.,gold,gu.p.Ai.,end..C.c*<fcr
60 1880
1,000
Easton & Amboy.lst M. Easton to P.Amboy.gu.V
12 1895 500 &o.
Easton & No., 1st M., gold, guar, by L. Val. .c*Ar
y'ly
f.
+30,000
1892
1,000
Delano Land 1st M., gold, guar., s.
22 1892
1,000
Middlesex Valley, 1st mort., $600,000, gold....c*
1866
endors...c*&r.
RR.—
m.,
•
1,000
1st
Penn. &N. Y. Can. &
i.(end.).C»Pr
1888
....
text)
guaranteed
p.&
1,000
(see
Consols
c*
119 1881
1,000
Elmira Cortl'd & No. 1st pref. mort., gold
119 1884
1,000
1st M., gold, guar. p. & I. (end.)
1886
Cana.No.l8tM.,g.,gu.p.Ai.byE.C.&N.(V.66,p.82)
100
Morris Canal stock, 4% guaranteed 999 years
100
....
....
Preferred stock, 10 p. c, guar. 999 years
r
500
Snow Shoe, 1st M., not guar
L.V.Coal Co.l8tM.$12,000,000,g.s.f.,notdrn.c*.W .... 1893 1 ,000&o
c*
1896
....
1,000
Car trusts, gold, $50,000 due each F. & A
1896
1.000
do do $500,000, due $25,000 each F.&A....
c
Lancaster <6 Chaster -1st mortgage
Bridge—1st M., gold.
Leavenworth Terminal Ry.
—
<t.
29
3
<P.
(
-
.
Vandorbilts in 1 899, will be operated as part of the Lake Shore system.
See Lake Erie & Western item.— V. 70, p. 76.
DiviDENDS.-Since) 1888 '89 *90 '91 '92 '93-97 '98 '99 1900
7 Jan., 3^
4
5
5
1887.
P. Ct. 5
6ht 6*2 6 y'rly 6^
The consol. mortgage of 1897 (United States Trust Co.. N. Y., and
John T. Dye of Indianapolis, Ind., trustees,) is for $50,000,000 of 3^
per cent gold bonds, tax free, authorized to retire the several lsMies of
7s maturing from 1898 to 1903 (see abstract in V. 64. p. 1182)
amounting to $43,192,000, and the balance, $6,808,000 for use in re
funding said bonds and for general purposes of the company. The
mortgage covers 829-54 miles of main line and branches— a considerable portion being double tracked— and 18D11 miles of leased lines.
The refunding of the first 7s into new 3^ per cent consols will effect
a saving in interest charges, when entire $50,000,000 are outstanding, of $1,273,440 a year. See refunding plan in V. 64, p. 469, 610
and alsoV. 66, p. 82; V. 67, p. 956. To June, 1899, $30,542,000 of
3^8 had been listed.— V. 66, p. 1140; V. 68, p. 1182.
Guaranties.—As to guaranties additional to those shown in table
above see Detroit Hillsdale & S. W. and Fort Wa.vne & Jackson.
Gkneral Finances.— Notmng nas been charged to construction or
equipment account since 1883, the outlays charged to operating expenses for new equipment amounting in 1898 to $699,516, and in 1897
to $349,280 and for construction to $108,908 in 1898, against $245,179, these items being exolusive of expenditures for renewals. Profit
loss surplus Jan. 1, 1899, $7,350,713. Low grades permit large
average for}1898, 352 tons, against 321 in 1897.
train loads
In Dec. 1899, $27,341,000 of the $43,192,000 7 per cents duein 1903
and earlier, and outstanding in June, 1897, had been retired and
$31,387,000 new 3^8 issued, thus reducing fixed charges $815,325 per
annum, or over l 1^ per cent on the capital stock.
In Feb., 1898, a majority of tl>e capital stock was purchased by the
N. Y. C. & H. RR., which gave in exchange its 3*2 p. c. bonds at the
rate of $200 in bonds for $100 in stock, and offered to take the minorV. 66, p. 288. In Dec, 1899, $45,ity Interest on the same terms.
281,600 stock had been exchanged. V. 69, p. 1237.
Annual Report.— For 1898 was in V. 68, p. 868. Preliminary report
for 1899, V. 69, p. 1297.
Tear end. Dec. 31—
1897.
1899.
1898.
Total gross earnings
$23,417,971
$20,753,683
$20,297,721
"15,857,682
*13,928,020
Open exp. & taxes
13,542,491
and
;
Net earnings
Net, incl. oth. income
Rentals paid
biterest on debt
Divid's on guar, stock
Dividends
$7,560,289
C
;
^2,740,000^
(
>
(7)3,462,655
$6,825,663
$7,172,472
656,489
2,439,410
53,350
$6,755,230
$7,150,851
635,895
2,716,348
53,350
(7)3,462,655
(6)2,967,990
Surolus over divs
$777,268
$1,357,634
$560,568
* Includes $1,865,020 expenses for equipm't in 1899; $699,516 in "98.
—V. 69, p. 27, 440, 1062, 1297 V. 7o, p. 381.
;
Lake Shore System.— Mahoning Coal RK.— Owns
from
Youngatown to Andover, O., and branch, 50 miles. Leased in perpetuity for 40 per cent of gross earnings to Lake Shore, which Jan. 1,
1899, owned $865,900 common and $399,500 preferred stock.
Dividends.— ) 1889. '90. '91. '92. '93. '94. '95 to Feb.. 1900.
On common. j 4^% 5
4^ 8^
8 10 (Feb.7°o,Aug. 3%)
8
The preferred stock certificates are 5 p. c. guaranteed and contain
a clause making them redeemable at par at option of company.
For 1898, rental, $302,394; surplus over int. and 10 p. c. on com. and
5 p. 0. on prof., $42,584. In 1897 rental $280,474. (V. 66. p. 897.)
Leavenworth Terminal Railway
Hridge.— Owns highway and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
In that city. The mortgage contains a sinking fund provision. Kansas City St. Joseph & C. B. (Chicago B. & Q.) and Chicago R. I. &, P.
use the bridge at an annual rental of $16,000 each, under a 30-year
contract from 1894, and Chicago Gt. Western from Sept. 1, 1895, for 30
years; rental $14,250. Capital stock, $600,000. (V. t9, p. 494.)
Leavenworth Topeka South Western Ry.— V. 70, p. 76.
Lebanon Spring*.— See Chatham & Leb. Valley. — V. 70, p. 633.
Lehigh A Hudson River Ry.— Owns from Greycourt, on Krie
RR., to Belvidere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
lines: Orange County RR. (eutirestock owned— no bonds issued). Hudeon Junction to Maybrook, N.Y.. on P. R. <fc N. E. (Poughkeepsie Bridge
13 miles; S. E.
P. RR., Phillipsburg to Easton, 1 mile; trackage,
Penn RR.. Belvidere to Phillipsburg, 13 miles; total oper., 90 miles.
The Central RR. of N. J. and Lehigh Coal & Nav. Co. control the
road.— V. 68. p. 568. Coal and coko are over half the tonnage.
Securities.— Stock, $1,340,000; par, $100. Warwick Valler 1st
mort. covers 15 miles of road and bonds mature October 1. 1900; 2d
mortgage covers 22 miles and bonds mature April 1, 1912.
On
Sept. 30. 1899, oar trusts, 5a, $10,000.
The general mortgage is for $3,000,000, of which the amount outstanding was increased in 1898 from $:>s 1,000 to $1,124,000 to pay
jlie floating debt, and in exchange for
$40,000 se« ond mortgage
bonds. At the same time, of the $1,124,000 outstanding $1,062,-
&
&
&
$25,000
600,000
800.000
169,070
385,000
65,000
1,124,000
431,000
40,441,100
5,000,000
6,000,000
10,400,000
12,350.000
4,925,000
2,000,000
15,000,000
10,000,000
6,000,000
51.000
1,104,000
375,000
1,500,000
8,500,000
750,000
1,250,000
300,000
1,025,000
1,175,000
400,000
11,574,000
650,000
350,000
<fc
J*
O.
<fe
J.
J.
J.
J.
<fe
D.
M.
&
&
J.
J.
5
IM.
g.
<fe
&
4g. M. &
4»2g.
•I.
5
A.
g.
M.
o
4l2g.
g.
g.
7
4,
DC.
J.
M.
J.
4^, 5 A.
6g. A.
5
g.
6g.
4
10
A.
J.
F.
K.
5 g-
.1.
5
5
5
J.
K.
!•'.
&
&
&
&
&
&
&
<fe
&
&
&
&
&
&
&
&
&
Dividend.
B'k of Lane, Lane. B.C. Jan.
Jan.
J. N. Y., Central Trust Co
J N. Y.,Nat. Exch. Bank, July
do
July
do
J.
.1.
&
&
&
&
&
&
4»s&6
4I3&6
5
5
Whom.
Payable
Cent.
8.
D.
D.
N.
8.
J.
O.
N.
N.
J.
N.
D.
0.
O.
O.
J.
A.
A.
J.
J.
1,
1,
1,
1.
1917
1923
1911
1917
do
do
1900
1912
do
do
July 1, 1900
do
July 1, i920
do
Phila., 927 Chestnut St. July 1, 1945
1893
Reg.atoffice; cp.Bk.N.A. June 1, 1948
Phila. Of., 228 80. 3d St. Sept. 1, 1910
Reg.atoffice;cp.Bk.N.A. Dec. 1, 1923
Phila.. Of.,228 80. 3d St. Irredeemable.
May 1, 1997
Philadelphia.
Phil., Leh. Val.Of.&N.Y. Sept. 1, 1945
July
N.Y.,Merch.N. Bk.<fePh.
1, 1940
do
Oct. 1, 1941
do
Phila., Of., 228 80. 3d8t. May 1, 1920
See Off., 228 80. 3d St. Nov. 1, 1935
Jan. 1, 1932
do
do
N. Y., Central Trust Co. Nov. 1, 1942
Phila., Bk. N. America. June 1, 1906
Phila., Lehigh Val. RR. Apr. 1, 1939
do
Apr. 1, 1914
do
Apr. 1, 1914
do
do
July 1. 1906
do
do
Phil, office, 228 S.3d St. Feb., '00, 2%
do
Feb., '00. 5%
do
Philadelphia.
Jan. 1, 1910
N. Y. and Philadelphia. Jan. 1, 1933
<fe
!
!
!
A. PhiL.Girard L.I.A.&Tr. Feb., '00-1906
Philadelphia.
Feb., '00 1906
A.
000 were guaranteed jointly, prin. and interest, by the Cent. RR.
Nav. Co. An additional $1,535,000 are reof N. J. and Leh. Coal
served to take up prior liens and $330,000 for extensions or acqui-i
tions of connecting roads. See form of guaranty, etc. in V. 67, p. 788.
Latest Earnings.— 3 mos. ending Sept. 30 (including Or. Co. RR.):
Net.
Int., tax., etc. Balance.
Gross.
3 months —
«fc
$124,259
98,b76
1898-9
1897-8
$i5,910
36.112
$57,176
43,211
$21,266
7,099
Annual Report.— Including Orange County RR.:— V. 69, p. 1298.
Net.
Int., tax, etc. Bal.,sur.
Gross.
Year end. June 30.
$458,750
$211,050 $146,094
$64,956
1899
402,046
184.092
144,768
39.324
1898
GrmnsllBurt, President, N. Y. City.— V. 67, p. 1259; V. 69._p, 1298.
Lehigh & New England RR.— Operates road from Slatington,
Pa., to Campbell Hall, N. Y., 96 miles, of which three sections, aggregating 44 miles, belong to other companies, leaving 52 miles owned,
tf. Y. Susq. & W. operates New Jersey Division (Campbell Hall to
Hainesburg, 61 miles), and Lehigh Valley RR. operates Pennsylvania
Division (Hainesburg to Slatington, 35 miles.) Campbell Connecting
RR. (leased) issued on its 4 miles $500,000 of 1st M.50-year 5s due 1939,
but reported purchased in 8ept., 1899.
History.— A reorganization July 1, 1895, of the Pennsylvania
Poughkeepsie & Boston, sold in foreclosure Dec. 14, 1894.
Secdrities.— Stock is $1,500,000, par $50. Mortgage is for $1,000,000, of which $569,000 for improvements and exten's— (V. 62, p. 134.)
Loans and bills payable June 30, 1899, $161,500. There were also
June, 1899, $75,000 collateral trust bonds and $20,000 equipment 6s,
1898.
Earnings.— For year ending June 30. 1899, gross, $78,140; net,
$26,339; charges, $28,273; balance, deficit, $1,934.
(See Jlfauj— Main line, Jersey City, N. J., opLehigh Valley
posite N. Y. City, to Buffalo, N. Y., 442 miles; branches to Audenriea,
Tomhlcken, Hazleton, &c, 751 miles; Lehigh <fe New York RR., 115
miles State Line & Sullivan Railroad, 24 miles total main line, 1,332
miles; branches, etc., 846 miles. Total system 2,178 miles; second
track, 569 miles. Traokage: Penn. RR., 13 6 miles; N. Y. Central, 15
miles; sundry trackage, 34-8 miles.
History, Etc.— In March, 1897, arranged with J. P. Morgan & Co.
of N. Y. for a general readjustment of finances, including the holding
of voting power for a large block of the stock.— See V. 64, p. 517,
For list of securities owned. 8ee V. 66, p. 187. In
754; V. 68, p 474.
June, 1899, J. P. Morgan & Co. exercised the option to purchase 75.000 shares of stock held by the Asa Packer estate.— V. 68, p. 1226.
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
EsCd. yield.
Total acres.
Goal acres.
Owned in fee
15,217
7,242
124,000,000
Perpetually leased
8,123
5,741
111,000.000
Term leases
47,00o,000
1,708
1,708
Controls through otoak owned.. 9,229
4,519
50,000.000
Collieries 54, daily capacity about 30,000 tons. (V. 62, p. 364.) The
Hazelton Coal Co. (chartered in 1896) stock is owned and its $2,000,000 tirst mortgage 5s also owned are guaranteed see V. 64. p. 137.
The Coal Co. shipped from collieries owned was 3,046,488 tons in
189S-9, 2,609,126 tons in 1897-8, 2,613,725 tons in 1896-7.
RR.—
;
;
—
Dividends.—
>
'86.
'87.
'88.
'89.
'90.
'91.
'92
'93.
none
since.
4
5
5
4^ 5
5
5^ 4
Bonds.— The $15,000,000 mortgage and col. trust js of 1897 were an
thorized to provide for floating debt and for future improvements,
$7,000,000 (which may bear a lower rate of intere-t than 5 per cent)
being reserved for improvements or acquisition of stocks or bonds of
other companies at $1,000,000 a year after 1900. The mortgage
covers 79i 69 miles of single track, including branches and sidings,
real estate in Philadelphia, and also stocks and bonds of various companies. Lehigh Valley bonds with lien prior to these bonds may be
extended or new prior lien bonds issued, but not to Increase the aggregate principal sum or rate of interest of su. h bonds except as provided
in the consolidated mortgage.
List of collateral pledged to secure
bonds was given in V. 65. p. 1114- see alse V. 66, p. 187. The bonds
are subject to call at 107*2 p. c. see " General Finances " below.
Guaranties.— Easton <£ Vorthern A' A\— Road from Belfast to Easton
Pa..8mtlo.i; branch to Lehigh Valley KH. at South Easton. 4 miles
Capital stock is $300,000. Lehigh Val. guarantees bonds. (V. 62. p.136.
Elmira Cortland it Northern RK.--This road, with the Oanastota
Northern, runs from Elmira to Canastota and Camden, N. Y., 140
miles. The stock. $2,000,000 Is owned— V. 62, p, 364, 1177.
Lehigh Valley Railway Co. of New Forfe-t-Owns Buffalo, X. Y., to near
Sayre, Penn., 175 m. double track, and branches to Ithaca, Auburn,
Stock all owned by Lehigh Val. RR.
etc., 110 miles; total, 285 miles.
Since '85.
P. ct.
5
-
—
Mortgage abstract
in V. 51, p. 114.
(V. 65, p. 412. 1071.)
LehighYalleu Terminal Railway. -Owns double track road from South
Plainfleld, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there, etc.; its stock of $10. 000. 000 i« owned by LeValley RR. (V. 53, p. 640. 880.) Car trusts 91 .000.000.
Middlesex Valley— Naples to Geneva. X. Y.. 29 miles. Bonds due
1942, guaranteed, principal and interest (endorsed).— V. 62, p. 134.
82
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
KAILROAD STOCKS AND BONDS.
April, 1900.]
83
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
INTEREST OR DIVIDENDS.
RAILROADS.
!
For explanation of column headings, &c, see notes
on first page of
tables.
Miles Date Size, or
Amount Rate per When
Par
of
of
Outstanding
Cent.
Payable
Road. Bonds Value.
Lehigh Valley -(Concluded.)—
Car trusts, $2,000,000, due $200,000 yearly
Lexington <& Mast'n— 1st M., $1,000,000, gold.Ce.c'
General mort., gold; Incomes to Feb.l, 1900.Co.r
Little
Miami—8t'k,com.,gu.8 p.c.,99 yrs.,P.C.&St.L.
4>s g.
1899 $1,000 $2,000,000
5 g.
1,000,000
1895
1,000
1,500,000
5 e1895 1,0004c
4,943,100 See text.
50
5
1,500,000
1882
1,000
714,000
1892
3Hj
1,000
4 g.
1,140,000
1899
1,000
50
2,487,850
268,703
1878 100 &C
3,610,000
5 g.
1881
1,000
4g.
1,121,000
1881
1,000
3,000,000
1888
1,000
g
t
5 g.
1,250,000
1887 500 &0
4>2g.
1,494,000
1892
1,000
332,000
1892
1,000
1894
1,000 l 1,135,000
125,000
1880
1,000
1,000,000 5&6g.
1881
1,000
600,000
1888
1,000
g
i
600,000
1881
1,000
650,000
5 g.
1887
1.000
4g.
1899 l.OOO&c
5,685,000
92
"84
84
57
32
155
156
156
163
---o
Renewal mortgage
Betterment bonds ($3,000,000) formerly 7s
L. Rock <& Hot Sp.West.-lnt M., g., $l,140,000.st.
lAUle Schuylkill Nav. RR. <& Coal— Stock (rental gu.)
o*
Long Island— 2d mortgage.
Consol. mortgage, gold, $5,000,000
do
do
do
-Ce- '
General mortgage, gold
Metropolitan Ferry <Jo. 1st M., gold.red. at 110.C
L. I. RR. M. on ferry for $2,750.000,gold..Ce.c*
18
Mortgage bonds of 1932 for $500,000, gold
Debenture ($1,500,000) gold, not subject to call.
"2
assumed
mortgage,
New York & Flushing 1st
o*
76
Brooklyn & Montauk 1st M., $250,000 are 6s...
brs.c
76
Eastp.
&
Sta.
to
Bush.
2d M., g., assum.,
12
Long Island City & Flushing 1st M,. assumed, .o*
o'
19
Consol. mortgage gold, assumed
IJninedM.. $45,000,000, g. call 110.Usm....c&r
Leased Lines, Principal or Interest Gua ANTE ED.
9 1871
New York & Rockaway 1st mort., int. only guar..
18 1871
Smith. & Pt. Jefferson. 1st mortgage, guar. p.&i..
30 1892
L.I. RR. No. Sh.Br.cons.M.$l,500,000,gu.p.&i.c*
19 1885
N.Y.'B.I&Manh. B. 1st con. M. $1,726,000 g.,gu
1887
N. Y.'&Rock. B IstM. $984,000, gu. p. &1
,
P. P.
& C.
I.,
1st
and
a In hands of public;
Morris Canal.
2d, ($96,000 2ds) gu. p.
total issued
— Leased
for
shown
&
i.
T6
|*
-
-
500
500
'86-'91
in iirst left
1,000
1,000
1,000
1,000
999 years and dividends guaranteed.
owned by Lehigh Valley. See V. 50, p. 137.
Pennsylvania & New York Canal <£ Railroad.— Leased for 99 years
from December 1, 1888, to Lehigh Valley, which has assumed its debt
and owns all its stock. Consol. mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols include $4,000,000 of 5
Bonds
all
per cents, $3,000,000 of 4s, $1,500,000 of 4138.— V. 62, p. 950.
Lehigh & New Tork.—TS. Y. State Line near East Waverly to Fairhaven, on Lake Ontario, 115 miles.—V. 61, p. 558, 750; V. 62, p. 134.
Rochester Southern RR.— Rochester to Hemlock Lake, N. Y., 30-16
miles. Controlled through ownership of stock. Capital stock is $800,000 (par $100); funded debt $425,000, all owned in 1898 by L. V.
Lehigh Valley Coal Co.— See " Coal Property" above.
General Finances.— In March, 1897, $8,000,000 mortgage and collateral trust gold 5s were authorized (issue to be increased to $15,000,000 after Jan. 1, 1900); $5,000,000 of these were sold to J. P. Morgan &
Co. to provide at once for floating debt, new construction and working
capital, and $3,000,000 may be so used during the next two or three
years and $1,000,000 a year for seven years after 1900.— V. 64, p. 754.
Real estate mortgages, $235,521. The reduction of interest to 4 p. c.
on the 1st 6s extended in 1898 saves $100,000 yearly. In Mar.,
1899, sold to Drexel & Co., of Philadelphia, $2,000,000 4»2 per cent
car trusts. $200,000 to be retired yearly. V. 68, p. 572.
Latest RR. Earnings— > 1899-0.. .Gross, $5,977,016; net, $830,592
3 mos., Dec. 1 to Feb. 28. 5 1898-9... Gross, 4,887,774; net, 462,783
For same three months Lehigh Valley Coal Co. showed a deficit from
operations of $128,225, against deficit $208,327 in 1898-9.
Annual Report.—The fiscal year ends November 30. The report for
1898-99 was given in V. 70, p. 74, 123; see also editorial, p. 101.
1899.
1898.
1897.
1896.
Year end. Nov. 30—
Earnings from coal. $9,553,950 $8,436,392 $8,560,418 $8,623,574
8,236,505
7,571,978
7,403,471
7,472,104
Misoel. freight
2,760,401
2,718,859
Passengers
2,672,547
2,556,536
1,019,645
1,015,310
922,630
989,683
Mail, express, etc...
bei
& D
& J.
J.
J.
&
A.
-M../0
& N.
F.
.
.
J.
F.
& O.
& J.
& J
& A
Phlla., Penn.Co.forlns.
N. Y., J. K. Tod & Co.
g.
4*2
ng depos
paLWhen Due.
Stocks— Last
Dividend.
To June
<&
Phila., Of.,
'09
410 Walnut Jan.V,'00,2»«?^
1918
1931
1931
do
do
do
do
do
do
O.
M. & 8.
Semi-an
ited
1,
Jan. 1, 1900
1 p. ct. paid Aug., 1899 Feb. 1, 1935
Clnn.,Omce, lstNat.Bk. Mch. 10/00,2%
N. Y., Bank of Amerloa. Nov. 2, 1912
do
do
Apr. 1, 1932
St. Louis and Pliila.
July 1, 1*29
N.Y.,U.S.Mort.&Tr.Co. Aug. 1,
do
Q.-J.
do
July 1,
do
Q.-J.
do
July 1,
&
D.
J.
do
do
June 1,
M. & N.
do
do
Nov. 1,
M. & 8.
do
do
Men. 1,
J. & D.
do
do
June 1,
J. & D.
do
do
June 1
M. & S.
do
do
Mch. 1,
M. & 8.
do
do
Mch. 1,
J. & D.
do
do
June 1,
M. <k N.
do
May 1,
do
M. & N.
do
May 1,
do
M. A: S.
do
do
Mar. 1,
5g. A.
5
Boruls— Princ.-
Where Payable, and by
Whom,
7
A. & O.
M. & 8.
7
5g. Q.-J.
250,000
75,000
1.425,000
l 1,601,000
x
883,000
436,000
hand column, balance
I
und er
L.
I.
do
do
do
do
do
do
unified
1938
1937
1922
1932
1934
1920
1911
1938
1911
1937
1919
1901
1901
1932
1 35
1927
1926-1931
Apr.
Sept.
Oct.
Oct.
Sept.
1,
1,
1,
1,
1,
mortgag
Little ITllaml RR.—Owns Cincinnati, O., to Springfield, O., 84
branch, Xenia, O., to Dayton, O., 16 miles; leases, Columbus dc
XeniaRR., Xenia, O., to Columbus, Ohio, 55 miles; Dayton & Western
RR., Dayton, O., to Indiana 8tate Line, 38 miles Ohio State Line to
Richmond, Ind., 4 m.; Cin. St. Connecting RR., 2 m.; tot. 199 miles.
Lease.— On Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the contract and
guarantees its faithful execution. Rental is 8 per cent on $4,943,100
stock and interest on debt. Lessee's report for this road shows
In 1897, $230,645; in 1898, $222,225 In 1899,
net loss to lessee
Stock authorized, $8,000,000. Beginning Dec, 1899,
profit, $54,725.
15 percent extra will be paid each Dec and June from the surplus
invested fund, making 8^5 per cent yearly —V. 69, p. 852.
The stockholders voted on Jan. 30, 1900, to modify the lease by reducing the interest on betterment bonds issued and to be issued from 7
to 3^3 per cent, the lessee agreeing to waive the former right of converting the bonds into preferred stock of the Little Miami RR. and
paying $100,000 in commutation of the present fixed charge of $6,000
yearly.— V. 69, p. 1247; V. 69, p. 852, 1147; V. 70, p. 230.
miles
:
little
;
Rock A Hot Springs Western RR.—Little
Rock,
Ark., at a connection with the Choctaw Oklahoma & Golf, to Hot
Springs, 57 miles opened April, 1900. Organized in 1899, and completed the partially constructed Little Rock Hot Springs & Texas RR.,
sold in foreclosure on Jan. 4, 1899. V. 68, p. 85: V. 69, p. 283. Stock,
$1,140,000, all outstanding; par of shares, $100. Coupons, including
July, 1900, will be clipped. President, S. W. Fordyce, Chemical Bldg.,
Sec. W. 8. Mitchell. Little Rock. Ark.: Treas., S. W.
St. Louis, Mo
Fordyce, Jr., St. Louis, Mo.— V. 69, p. 283; V. 70, p. 791.
;
;
Little
Rock
Memphis RR.— See Choctaw
&.
Little Schuylkill
Navigation
RR.
ic
&.
Memphis RR.
Coal.— Owns from Port
Total gross
$21,570,502 $19,742,538 $19,559,166 $19,641,897
Op.exps.,inc.rentals 16,648,829 14,188,228 14,413,330 14,710,895
Clinton to Tamanend and Reevesdale, 32 miles. Re-leased on Dec
1, 1896, to Phila. & Read. Ry. for 999 years, and rental reduced from
7 p. 0. on stock to 5 p. c, gold from Jan. 1, 1897; in 1898, 5Hj p. c; in
July. 3 p. c; in 1900, Jan., 2>a p. c Lessee pays
1899, Jan., 2^ p.
taxes and organ'n expenses.— V. 63, p. 1159.
Net earnings.... $4,921,673 $5,554,310 $5,145,836 $4,931,002
Otherincome
1,117,728
1,244,945
1,036,288
676,159
Long Island
Operates practically all the steam surface
roads on Long Island, adjoining New York City, the system including
Total net income $6,033,401
State taxes
$650,639
Bal. of int. account.
20,393
Long
Long
Bushwiok
Loss Mor. Canal.eto.
239,989
4,824,270
827,304
and rentals
Int.
Int.
Leh. Val. Coal.
$6,789,255
$6,182,124
$360,000
19,853
230,073
4,844,166
831,058
$360,000)
25,117 >
239,935)
4,744,205
710,204
$5,607,161
$673,366
4,484,033
590,650
Total charges...
$6,562,595 $6,325,154 $6,079,461 $5,748,049
df.$523,194 sr.$474,104 sr.$102,663 df.$140,888
Deficit in 1899 is explained by large expenditures for additions and
betterments, $1,529,884, against $572,404 in 1898, besides large expenditures for equipment in both years.
The report for 1899 as above does not include the coal properties,
for the improvement of which $300,000 was expended in the year and
on whose operations, etc., there was a profit of $58,480.
Other income as above in 1899 ($1,117,728) includes dividends on
stocks owned, $198,652; interest on mortgages, $43,003; sundries,
$38,321, and interest on bonds, $617,970. the bonds embracing
Balanoe
$1,400,000 Leh. Val. Coal Co., 1H92; $6,t 00,000 Let). Val. Coal Co., 1897; H2.P00,0"9 Schuvlkill & LehiKh Valley RR„ $1,060.1100 Hazleton Coal Co..$5< 0,000 Morris Canal & Banking Co., $425,000 Rochester Southern RK. Co., $164,000 Middlesex Valloy RR. Co., *35i',000 Greenville & Hudson lty. Co.. $384,600 Coal
KidKo Impt. & Coal Co.
President (March, 1900), Alfred Walter. Finance Committee Alfred
Walter. E. T.Stotesbury, E. P. Wilbur and Joseph Wharton— V. 70, p.
•687,791.
:
Lexington A Kastern Ry.- Owns from Lexington, Ky., to Jackeon, Ky., about 92 miles. To operate Ohio & Kentucky Ry., to extend
from Jackson, Ky., to cannel coal fields in Morgan County, over 26
miles.
Capital stock is $500,000; par, $100. General mortgage,
$2,500,000, of whioh $1,000,000 reserved to retire the firsts. 1 p. c.
was paid Aug. 1, 1898, Feb., 1899, and Auk., 1899, on gen. mort. bonds.
Loans and bills payable June 30, 1899, $69,374.
Earnings.— 8 months, < 1899-0
Gross, $189,681; net, $72,958
July 1 to Feb. 28.
<1898-9
Gross. 173,112; net, 54,101
Year ending June 30, 1899, gross, $257,692; oper. expenses and
taxes, $178,302 interest on bonds, $80,000. (V. 59, p. 697.)
Licking Valley Kit.—V. 69, p. 955, 1193.
Little Falls A Uolgevllle
V. 68, p. 1077.
Little
Parkersburg, W. Va.. to Palestine. 30
miles, thence oy steamer, 20 miles, to Creston; total. 52 miles. Line
operated from May. 1898. Projeoted to Burnsville, W. Va., making iu
112mll£ 8 8took $2,000,000 authorized; issued July, 1898, $426.000; par $100. Bonds, l6t 50-vear gold 5s nave been authorized, at
$15,000 per mile, due Jan. 1, 1948, interest J.
J.: Knickerbocker
Trust Co., N. Y., trustee. Pres., H. C. Jaokson Sec and Treas.. C. L.
•Williams.
;
Kanawha RR.—
£™
-
UK,-
.
&
;
;
RR.—
Owns—
:
Leases—
Miles.
(IT Which see.)
Montauk Ixt. & N.Y.Bay Ext. 27
J* =»w York & Rockaway
5
95 N. Y. B'klynA Man. Beach H.. 19
80 Gr't Neck & Port Washington. 4
Miles.
Island City to Greenport. 95
Island City to Gt. Neok.. 14
to Sag Harbor
Sundry branches
Total owned.
Total June 30, 1899
284
379
Double track
Leases—
118
Brooklyn & Jamaica RR
10 Controls—earnings kept separate.
North Shore Branch RR
30 N. Y. & Rockaway Beach Ry.ff 14
Organization.— In January, 1897, control of the stock was purchased by a syndicate (see directors, below).
Stock.— $12,000,000; par, $50. More than a majority has been
deposited under a voting trust agreement dated Feb. 1, 1897, with
U. 8. Mortgage & Trust Co.— V. 66, p. 520.
Dividends.— $ 1882. '83 to "90. '91. '92. '93. '94. '95. '96. None
Per cent.
1
4 yearly 4 1a 5
4 1*
4
5
4 since.
i
Bonds.—The ferry mortgage for $2,750,000 covers all the real and per
bona! property pertaining to the oompany's ferries (34th Street and
James Slip); $1,250,000 bonds being reserved to retire the Metropolitan
Ferry 5s. As to debentures see page 2 of Sopplemknt of April, 1895.
The unified mortgage (U. S. Mortgage <fe Trust Co., N. Y., trustee,) is
for $45,000,000, secured by a lien upon the entire property, $28,000,000 being reserved to retire all prior lieos, $8,500,000 for ohange
of motive power to electricity or other power, if deemed advisable,
$4,500,000 for other improvements, and the $4,000,000 remaining,
with any unused balance, for permanent improvements aud additions
at not exceeding $400,000 per annum. Bonds are subject to call at
110 in whole or in part on any interest day.— V. 68, p. Cits.
Guaranties.— in addition to guaranteed bords in table above guarantees 5 p. c. on $650,000 New York Brooklyn & Manhattan Beach
preferred stock as part rental also 4*o p. c on $50,000 P. P. & So. Br.
stock, and 4*a p. 0. on $82,500 of the N. Y. & Coney Island stook.
Finances.— In 1899 L. I. RR. Terminal was incorporated, with
$500,000 stock, to own freight terminal property at Long Island City,
in the iuterest of the L. I. RR. and Palmer's Docks Co., embracing one
mile of water front along Newtown Creek and also a proposed two;
—
mile standard-gauge road. V. 70, p. 19.
An agreement with the Brooklyn Rapid Transit Co. In April, 1899,
provides for the operation of trains from Jamaica to Brooklyn Bridge
and from Rockaway Park to Broadway ferries. V.68,p .669; V 69.B.654.
Unified mortgage 4s for $5,685,000 were issued in 18H9 to
pay the floating nebt and all real estate mortgaces and equipment
notes; to exchange over $2,000,000 bonds for securities of various
issues outstanding, and for improvements. The refunding of the obligation* will result in an annual saving in interest charges of about
$24,000, offset by an inorease of about the same amount by bonds
issued for improvements.— V 68, p. 618, 724, 977; V. 69, p. 333.
,
84
HWESTOBS' SUPPLEMENT.
lxx.
[Vol.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
RAILROADS.
For explanation of column headings,
on iirst page of tables.
<fcc,
Miles
Date
Size, or
of
of
Par
see notes
INTEREST OR DIVIDENDS.
When Where Payable, and
Amount
Outstanding Rate per
Road. Bonds Value.
Cent.
Bonds— Princiby
pal,
Whom.
Payable
When Due.
Si'Ais-LastDiv.
J
Los Angeles Terminal— 1st M. (see text) SSt
Louisiana <& Northwest RR. — First mort., gold
La. Smith' ti— 1st mort., g., re I. at 105 after 1902.0
Louisiana Western— 1st mortgage, gold
e*
Louisville Bridge Oo.— Stock
Lmnsv. Evan. <£ St. Louis Oonsol. — Receivers' certs.
Receivers' certificates, $3oo,O00
do
do
$200,000
&
—
165
—
130
83
46
151
802
175
175
189
45
141
General mort. L. C. & L., gold
L. & Nash.bds.,8.&N. Ala.RR.,2dm. as col.gold.o*
Pensacola Division 1st m., gold (dr'n at 105) .o*
N. O. & Mob. Div. 1st M., N.O. to Mobile, gold.c*
(formerly 6s),. o*
.
Gross.
100
1871
$& £
£200
1872
1877 $1,000
1879
1,000
1880
1,000
1877 100 &o.
1881
1,000
1880
1,000
1880
1,000
1,000
1880
Sept. 30, 3 months. System,
Net.
Oth. inc.
Charges.
399 miles.
Balance.
$1,769,002
1,878,513
$1,311,105 $1,343,821 $1,217,666 $1,421,163
$1,473,103 $1,473,690 $1,332,510 $1,576,817
638,629
658,662
658,411
624,096
210,794
200,973
205,865
202,957
Taxes
312,800
310,466
271,160
322,800
Rentals
73,177
72,521
50,384
16,389
Interest and discount.
(2)240,000 (4) 4fc0,000
Dividends
Net earnings
Total net
Interest on bonds
sur.$250,0'73sur$243.875 def.$137,795 def .$50,1 1
President (elected April, 1899), W. H. Baldwin. Jr.; Vice-Pres., C. M.
James Timpson,
Pratt; Sec. and Treas., A. C. Bedford. Directors
W. G. Oakman, A. C. Bedford, J. 8. Auerbach, F. G. Bourne, W. H.
Ledyard,
F.
L.
Babbott,
Dumont Clarke,
Baldwin, Jr., C. M. Pratt, L. C.
George W. Young, August Belmont and R. Somers Hayes.— (V. 69, p.
333, 590, 591, 642, 653, 10j2; V. 70, p. 39, 480, 584.
lios Angeles Terminal Ky.— Owns 50 miles of road connecting
Los Angeles, Cal., with Pasadena, East San Pedro, Verdugo and Altadena;
standard gauge. Completed in 1891-92. Branch to quarry, 1*2 miles,
built in Aug., 1898. In itfaroh, 1900, lines to Verdugo, 8 miles,
and Pasadena, 8 miles, were being converted electrically, and
Stock authorplans were maturing for important extensions.
ized and outstanding, $3,000,000; par, $100. Mortgage is for $1,500,000 on 44 miles and $20,000 per mile for additional road it covers
60 acres of terminal lands in heart of Los Angeles and 40 acres of
water front and terminals at San Pedro, the seaport of Southern Cal.
Year 1898-9. gross. $99,570; net. $6,475; int., taxes, etc., $11,294;
in 1897-8, *ross, *91,722; net, $570.
Bienville toMcNeil, Ark., 78^
Northwest
Louisiana
miles, of which Magnolia, Ark., to McNiel.e^ miles, is 8t. Louis Southwestern trackage. Extension from Gibsland,La.,to Bienville completed
Road is leased for 50 yearsfrom Jan. 1,1895, to J. D.
In Nov , 1899.
Beardsley. Gibf-land, La., for interest on bonds, taxes and cost of maintenance Stock, $3,000,000 authorized; issued Jan., 1896, $700,000,
par, $100. Trustee of bonds, People's Trust Co., Brooklyn, N. Y.
Louisiana Southern Ry.— Operates from New Orleans to Belair
and Shell Beach, 45 miles. A reorganization of New Orleans & Southern, foreclosed October 26. 1H96 See V. 64, p. 83. Stock, $300,000, all outstanding; par $100. Year ending June 30, 1899, gross, $74,770; net, $23,518; int. and taxes, $17,681; bal., sur., $5,837.
(-See Map of Southern Pacific.)— Owns
Louisiana "Western
from Lafayette, La., to Orange, Tex, 112 miles branches (2), 35 miles
Balance
:
;
RR.—
&
RR.—
;
;
147 miles. Operated under lease by Southern Pacific Co., which
but $50,000 of the $3,360,000 stock. Lessee pays all charges
owns
and gives company 7 p. c. of total net profits under omnibus lease.
Gross, $924,612; net, $290,431
Earnings.— 8 months, > 1899-0
Gross, 884,392; net. 403,325
July 1 to Feb. 28.
S 189»-9
In year ending June 30, 1899, gross, $1,345,015; net, including other
income, $586,501; surp. overcharges, $428,182; amount of net profit
due thiscompany as per lease, $321,456. In 1897-8, gross, $1,026,2^8.
total,
all
Atlantic RR.—Versailles, Ky., to Irvine, 61 miles.
Louisville
Incorporated in July. 1899, as successor of the Richmond Nicholasville Irvine & Beattyville RR.; sold under foreclosure May 1, 1899.
The Beattyville <fe Cumberland Gap RR., Beattyville Jet. to Cum erland Gap, Ky., 7 miles, was in .Oct. 1899, reported to be acquired or
held in the same interest. Stock, authorized, $2,000,000 par $100.
Year ending June 30. 1899, gross, $80,671; net, $7,677; against
$7,140 in 1897-8. President. James B. McCreary Richmond, Ky.; Sec,
D. A. Hhanahan, Louisville, Ky Treas.. James P. Amsden, Versailles,
Ky. Office, Amsden Block, Versailles, Ky.— V. 69, p. 180, 696.
Louisville Rridge Co.—Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles track additional in Louisville.
Used by several railroads, P. C. C. & St. L. Ry., Louis. & Nashville, etc. Surplus earnings are paid back to roads using bridge.
Stock is $1,500,000; Penn. RR. owned Jan. 1, 1900, $900,400. Dividends. 1896,612 p. c; 1897. 7 p. c; in 1898, 6 p. c; in 1899, Feb., 3
p.o. The Aug.. 1899, dividend was passed— V. 69, p. 3S7. In year
1899, gross, $249,670; net, $151,275; taxes, etc., $61,916; dividends,
$120,000. (V. 70, p. 233.)
St. Louis Consolidated RR.— OperLouisville Evansville
ates Louisville, Ky., to East St. L., HI., 275 miles branches to Evansville, Rockport, etc., in Indiana, 93 miles; also owns and operates
Venice & Carondelet, 7 miles; total, 375 miles, of which 358 miles
owned and 16 miles trackage; 359 miles are steel, from 56 to 70 pounds.
Portions main line operated under trackage rights Louisville to New
Albany, 6 miles; Centralia. lij miles; East St. Louis to St. Louis. 2*2
&
1
;
,
;
&
;
;
IS
1,000
$46H,*84
$746,517 $107,475
$364,708
591,267
313,864
841,786
63,345
Annual Report.— Fiscal year ends June 30. Annual meeting is held
the second Tuesday in April. Report for 1898 99 v\ as in V. 69, p. 642,
653. The new management is charging against operating expenses
many improvements of a kind previously charged to capital account;
$149,979 was so applied in 1898 -9,
1896.
1898.
1897.
Tear endina June 30- 1899.
$4,622,475 $4,333,194 $3,954,866 $3,962,799
Gross earnings
2,541,636
2,989,373
2,737,200
Operating expenses.. 3,311,370
1899
1898
-
8*
100
500
1896
1895
Latest Earnings.— July 1 to
nios.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
.
.
3
CO
!
1st M., $2,500,000, gold
$5,000,000,g.gu. p.&i.,end.c*
'Nashville Stock
Louisville
Memphis & Ohio 1st M., Paris to Mem., g., guar., o"
Mem. Clarke. &L.lstM.,£, Guthrie to Paris,Tenn.c*
Ceoilian Br. IstM., Cecil, to Louis., s.f.,dr'nat 100.0"
E.H.&N.lstM.. Henderson to Nash., g.dr'n at 110.0*
Louis. <fe Nash, general M., gold, drawn at 110. o*
L. C. & Lex. 2d m. s. f not dr'n, Louis.to Newp't.o'
Louisv.ct- Jeff.Br.Co
1,000
72 ] 88
182 1886
182 1886
22 1887
7 1880-2
353 1889
353 1893
2 1890
General mortgage for $15,000,000, gold
c*
New Albany Belt & Term. RR. 1st M. end., gold.
St'k ($2,000,000is pf 5%non-cum.)
Louis. S. <£--S/.
L—
500
1899
1899
mort., gold ($8,000,000).. c*
St. L. oonsol.
1,000
100
Ven.&Car. l8tM8.,dueDeo.,1900&Apr.l,1902.c*
&
$1,660,000
5
J. & J.
125,000
5 g. J. & J. N.Y., Boody, McL.&Co.
250,000
5 g. M. & S. N. Y., R.Winthrop <&Co.
2,240,000
6 k. J. & J. N. Y.. 8. Pac.Co., 23 B'rd
1,500,000 3 in 1899 F. & A.
Louisville, Ky.
3i2to5 Various
5«2,000
260.OOO
4
A. & O.
200,000
A. A; V.
6
900,000
6
J. & J.
See text
2,000,000
6g. A. & O. Apr., '95, pd. Sep. 30, '95
670,000
g A. & O. Apr.,*95,pd.Sep.30,'9o
£.
300,000
A. & O. Apr., '94, coup, last pd.
300,000
Various
All paid when due.
3,797,500
J. & J. July, '9H, coup, last pd.
2,400,850
M. <& 8. Sept., '93, coup, last pd.
300,000
6 g. J. & D jJune.^S.coup. last paid
4,000.000 to be hel d in vot ing trust for ten years.
2,200,000
5g J. & J. N. Y. Office, 71 B'way.
4 g. M. & S. N.Y., J. P. Morgau & Co.
3,000,000
52,800,000 3*2 in '99 F. & A N. Y., 120 Broadway.
3,500,000
7 g- J. & D. London and New York.
1,996,660
6 g- F. & A.
do
do
435.000
M. & S. N. Y., 120 Broadway,
7
1,950,000
J. & D.
do
do
9,794,000
do
J. & D.
do
892,000
A. & O.
do
do
3.258,000
4*2 g. M. & N.
do
do
1,960,000
do
6 g. A. & O.
do
580,000
do
do
6g. M. & S.
5,000,000
do
do
6g. J. & J.
$
'98-'99
1st mort. E. R. «te E
c*
let mortgage, gold
2d mort.. with voting power, gold, unassented.c*
Hunt. TellCitv&C.RR.lstM.,g.(V.69,p. 1012>c*
L. E.
1891
1895
1897
1881
52
45
112
July 15, 1931
X, 1945
Mar. 1, 1950
July 1, 1921
Feb.15,'99.3%
1900-1901
$5,000 permo.
Oct. 17, 1901
June 1, 19*1
Oct. 1, 1926
Oct. 1, 1926
Oct. 1, 1927
1900-1902
July 1, 1940
Mar. 1, 1943
June 1, 1920
8eeV.62,p.l38
Jan., 1946
Moh. 1, 1945
Jan.
Feb. 10,'00,2%
J*
June
Aug.
Moh.
Deo.
June
Oct.
Nov.
Apr.
Moh.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1901
1902
1907
1919
1930
1907
1931
1910
1920
1930
miles. The New Albany Belt & Term. RR. was purchased In 1897
Louisville & St. Louis RR., Centralia jto Drivers, 111., 168 miles, purchased in 1898 for $85,000. -V. 66, p. 1089; V. 67. p. 428.
Receivership.— On Mar. 25, 1896, George
receiver to act from
May
T. Jarvis
was appointed
(See V. 62. p. 589, 726.) Foreclosure of
first and second mortgages began in March, 1896.— (V. 62, p. 502.) On
June 24, 1899. the receiver was authorized to issue $300,000 four per
cent certificates to purchase 500 coal cars, dated Oct. 1, these being
additional to the $599,000 issued in 189/. See list V. 69, p. 229. In
i89n, $200,000 6 per cent certificates were issued to purchase the
1.
& St. L. RR. & Coal 8s, due June 1, 1895.
On April 7, 1900, sale of the road, excepting
III.
the portion from BelleLquis, and the New Albany Belt Line, was ordered on
application of the general and first mortgage bondholders. V. 70,p.739.
In April, 1900, the Southern Ry. arranged to acquire the road after
reorganization, an agreement having been reached with the $2,000.000 first 6s to pay par in new 4 per cent bonds for the principal and
cash for an agreed part of the overdue interest, under a pan expected
to be issued within iO days. A large por ion of the cjnsol 5s has also
been purchased by interests friendly to the Southern Ry. V. 70. p. 792.
Second Mortgage. George W. Norton, J F. Henry and James W.
Bryan; depositaries, International Trust Co., Boston, or Louisville
Trust Co., Louisville, Ky. In April, 1897, more than two-thirds of the
seconds had been deposited. (V. 64, p. 664, 799; V. 70, p. 739.)
Evansville Rockport <& Eastern Committee.— Depository, Fidelity Tr.
& Saf'y Vault Co., Louisville, Ky. A majority deposited. (V. 65, p. 69.)
Under order of sale in April, 1900, a portion of the interest remaining unpaid from Dec. 1, 1896, viz.: for about two years, will be paid
by receiver. V. 70, p. 739, 792.
Capital Stock.— Common stock issued, $3,790,747; par, $100. (See
V. 56, D. 289, 413.) In January, 1899, $457,162 prefd. outstanding.
Bonds.—Illinois & St. Louis first 8s for $200,000, due June 1, 1895,
were purchased by the receiver in 1899 from the proceeds of 6 per
ville to
East
St.
—
cent certificates.
Coupon.— See table above as to coupons paid and unpaid. N. Y.
Security & Trust Co. pays interest when ordered.
Earnings.—Jan. 1 to April 7, (S^mos.), gross earnings $501,052 in
1900; $409,058 in 1899.
Report.— Report for '97, in V. 66. p. 999. In '98, gross earns., $1,566,130; net, $344,735; construction (betterments), $192,249; niiscel.,
$1,378; int. on receivers' certificates, $25,159; interest on bonds,
$180,000. In 1897, gross, $1,464,678; net, $354,558. -(V. 70, p. 792. Y
Louisville Henderson & St. Louis Ry.— Road.— Louisville
Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
21 miles, is trackage owns also Lrvington to Fordsville, Ky., 44 miles.
History.—A reorganization June 1, 1896 (per plan in V. 62, p. 138).
to
;
& Texas, sold in foreclosure.
Securities.— The stock is to be held by John J. McCook, Brayton
Ives and Oscar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote of trustees. See terms V. 62, p. 138.
Of the new bonds (trustee, State Trust Co., N. Y.), $300,000 are reserved to build to Louisville. Bills payable June 30, 1897, $23,725.
EARNrNGS.— 8 months, 5 1899 :
Gross, $418,125; net, $142,095
Gross. 338,603; net,
93,735
July 1 to Feb. 28.
c 1898-9
For year ending June 30, 1899, gross, $532,220; net, $151,173; interest, $103,288; taxes. $12,000; balance, surplus, $35,885. In 1897-8,
of the Louisville St. Louis
gross, $525,458; net, $123,468.
(V. 62, p. 1177; V. 63, p. 30, 76.)
Louisville & Jeffersonville Rridge Co.— One-half mile long
and the approaches one mile; opened for all business Jan. 1, 1896. The
company also owns about 40 acres of land in Louisville and 100 acres
in Jeffersonville. The Big Four and Chesapeake <& Ohio use the
bridge.
Capital stock
is
$1,425,000; par, $100.
No
divs. to July, 1898.
Bonds.—The mortgage of 1895 is for $5,000,000 (trustee U. 8. Trust
Co. of N. Y. and Union Trust Co. of Indianapolis); bonds for $2,000,000
are reserved for future construction, etc.; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. & St. L. roads, in whose interest the entire stock is owned. See V. 61, p. 559. In July, 1899,
earnings sufficed to meet both expenses and charges. (V. 62, p. 84.)
Louisville
& Nashville RR.— (-See Map.)— Road.— Operates main
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
to St. Louis, Mo., Memphis, Tenn., etc., 1.064 miles, making total system proper June 30, 1899, 2,988 miles. The system includes
Reported separately.
Miles.
Lines owned absolutely or
through entire capital stock. Miles. UNashville Flor. & Sheffield.. ..107
185 1] Nashville Chatt. & St. Louis.. 935
Louisville toNashville
10
2,453 UHenderson Bridge
Sundry other lines
620
TIGeorgia Railroad system
Lines leased, die.
52
119 Operated for other co' s
TfNashville & Decatur
182 Owned but leased to other oo's. 71
North Ala.
ffSouth
&
Otherlines
RR
49 Do. Paducah
& Mem.
Div
254
Total system proper
2,988
Total of all June 30, '99.. 5.037
(IT See this company.)
The line of 40 miles between Pineapple and Repton, Ala., completed
in Mar.. 1900, lurnishes a direct route from Seluia to Pensaoola.— V.
68, p. 524. In Feb., 1900, contract was let for extension from Andalusia, Ala., to
Geneva, about 45 miles.
April. 1900.]
KAILEOAD STOCKS AND BOND&
8ft
86
INVESTORS' SUPPLEMENT.
LXX.
[Vol.
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Table*.
Bonds— PrinciKAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
Par
of
For explanation of column headings, &o., see notes of
Outstanding Rate per When Where Payable and by Stocks— Last
on first page of tables.
Cent.
Payable
Whom.
Dividend.
Road. Bonds Value.
—
—
Louisville <6 Nashville (Concluded)
N. O. & Mob. Div. 2d M., N. 0. to Mobile, g...*o
Southeast
& St. L. Di v. 1 st Mort. .gold
o*
141
208
2d M., gold, East St. L. to Evansville & br..c* 208
o*
118
lstM. (50-year 5s), $15,000 p.m., gold
1st mort., collateral trust ($7,000,000) gold....C
Unified mortgage for $75,000,000, gold....c*«fcr Text.
Coll. trust, $12,500,000, call at par In 5 yrs., g.c*
St. Louis property, 1st mort., gold, $650,000...
Louisville Rv. Transfer 1st mortgage
179
L. & N. and Mob. & Mont, joint bds.,lst M., g.Ce.c*
160
Pens.&At. 1st M..gold,s.f.,dr'n at HOassumed.o*
Kentuoky Central— Maysville & Lex. RR. mort.
ITIp.c*
New mortgage ($7,000,000) gold
8o.& No.Ala.,lst M., s.f., not dr'n, guar, by L.& N.
2d M., gold, s.f., $2,000,000, (owned by L.&N.)
Consol. mortgage (for $10,000,000), g., guar.c*
Lykens Valley— Stock. Rental pays 5 per cent
Macon. <£ Birming.— 1st M., $500,000, gold...OHc
Maine Central— Stock and scrip
.
Extension 1st M., gold, Cumberl. Juno, to Dan..oA
c
let consol. mort., > ($269,500 5s)
0*
$9,000,000
5 ($2,824,000 4s)
Collateral trust bonds for Mt. Desert Branch
Sinking fd. 10-20s, gold, old 6s, ext. Feb. t.*95..c
Improvement bonds," A ," gold, not mort
"B" cur., not mort
do
Do
Me. Cent. Eu. & No. Am. refunding mort., gold.
European & N. Am. stock, 5 p. c. rental 999 years
Portland & Ogdens. stook (2 p. o. rental, 999 years)
o
1st mortgage, gold, interest guaranteed
—
a Also $14,000,000
49
220
189
189
189
21
97
"18
304
41
56
114
109
62
1880 $1,000 $1,000,000
J. & J.
1881
1,000
3,500,000
6 g. M. & 8.
1881
1,000
3,000,000
3 g- M. & S.
1887
1,000
1,764,000
5 g. M. & N.
1888
1,000
5,129,000
5 g. M. & N.
1890 1.000&C al4,994,000
4 g. J. & J.
1898
1,000
4 g. A. & O.
12,500,000
1891
617,000
1,000
5 g. M. & S.
M. & N.
286,000
8
1895
1,000
4,000,000
4^ g. M. & S.
1881
1,000
2,664,000
6 g. F. & A.
1876
1,000
400,000
J. & J.
7
1887
1,000
6,742,000
4 g. J. & J.
£200
1873
£709,400
6g. M. & N.
1880 $1,000 Own. L. & N.
C g. A. & O.
1886
1,000
$4,451,000
5 g. F. & A.
20
600,000 5 in 1899 Q.-J.
1896
500,000
1,000
5 g. J. & J.
100
4,976,800 6 in 1899 Q.-J.
1870 500 &C.
441,500
6g. A. & O.
1872 100 &c
4,193,500
5&7 A. & O.
1872 100 &o.
4,349,000 4&413 A. & O.
1883
1,000
669,000
J. & D.
5
1885
4*2 g, F. & A.
1,000
600,000
1886
413 g. J. & J.
200,000
4ia
1887
250,000
J. & J.
1893
1,000
1,000,000
4g. J. & J.
100
2,491,300
5
A. & C.
100
2
Q.-F.
4,392,538
1870 500 &c
800,000
6 g. J. & J.
N. Y., 120 Broadway,
do
do
do
do
do
do
do
do
do
do
do
do
Louis, St. L. Tr. Co
N. Y., 120 Broadway.
St.
do
do
do
do
N. Y., 120 Broadway.
do
do
London, Baring Co.,L'd
N.Y., Office, 120 B'way.
N.Y., Office, 120 B'way.
PJ. Y., Office, 13 Wm. 8t.
Boston, Old Colony Tr.
1930
1921
1980
May
1937
1931
1940
1918
1916
May
1901
1945
1921
1906
1987
May
1903
1910
1936
Apr., '00, 114%
July 1, 1946
Jan.
1,
1,
1,
1,
Nov. 1,
July 1,
Apr. 1,
Mch. 1,
1,
Sept. 1,
Aug. 1,
Jan. 1,
July 1,
1,
Apr. 1,
Aug. 1,
Mch.
Mch.
Portand, Me., Office. Apr 2/00,1 19%
Boston, Nat'l Shaw- ( Oot. 1, 1900
mut Bank & Port- < Apr. 1, 1912
land.
Apr. 1, 1912
(
Bost., Am.L.&Tr.; Port. June 1, 1923
Portland Tr. Co., Port. Feb. 1, 1905
)
>
)
N.Shaw. Bk; Port.
do
do
Boston and Portland.
Bangor, Treas. Office.
Portland, Me. Cent. Of.
Bos.,N. Shaw.Bk.&Port.
Bos.,
July.,
1916
July, 1917
Jan. 1, 1933
Apr.15,'99,2**
May,
'00,
July
1,
%%
1900
are pledged to secure collat'l trust bonds of 1898 and $3,137, 000 were inthetr easury June 30, 1899.
Organization, <fec—This company was chartered March 2, 1850, and
opened between Louisville and Nashville November, 1859. Tne liabilities for interest on the auxiliary roads are treated mostly as belonging
direotly to the Louisville & Nashville Co. A list of the securities owned
and in sinking fund June 30, 1899. was in V. 69, p. 748, 753.
The stockholders on Oct. 4, 1899, ratified the new lease of the Nashville & Decatur, the assumption of the entire lease of the Georgia RR.;
Atlantic Coast Line has half interest as sub lessee (V. 69, p. 591, 748),
delma RR. in Alabama to the Southern Alathe sale of Its Pensacola
hania RR. and the purchase of tbe latter.— V. 69, p. 541.
In April, 1900. the L. &N. offered to purchase on or before July 2,
1900, the minority stock of the Nash. Chat. & St. Louis, giving in exchange one share of L. & N. stock for two shares of that of the N. C.
& St. L. V. 70, p. 740. On Apr. 10, 1900, purchased the Nashville
Sheffield Ry. at judgment sale, subject to the first mortFlorence
gage. V. 70, p. 792.
St. L.
leases terminal
terminals.—Jointly with Nashv. Chat.
Nashville Terminal
property in Nashville (belonging to Louisville
Co.) for 99 years from 1897. (V. 65, p. 278.) Contract for new station
was let in July, 1898. V. 67, p. 222, 329, 742.
For Henderson Bridge see Miscellaneous Companies.
»tock.—In July, 1891, it was voted to increase the stock from $48,000,000 to $55,000,000 for purchase of Kent. Cent. RR., <fec. Of the new
etook $4,800,000 was taken by stockholders of July 21 at 70, and
July 1, 1899, $2,200,000 was held in the treasury. Further increase
in stock to $60,000,000 authorized in Nov., 1893.— V. 57, p. 596. 809.
Dividends— l '82. '83-'87. '88. '89. '90. '91. '92. '93. *94-'98 '99.1900.
5
4
4 None. Z^ F'b..2
Percent. \ 3 None. 5stk. 5stk. 6
In Jan., 1899, l^p. c; Aug., 2 p. c; in 1900, Feb., 2 p. c. In 1890 of
the 6 p. c, 4»io In stock.
Bonds. The Evansv. Blender. <£ Nashv. bonds are drawn at 110 by lot
annually in October, for payment Deo. 1 in amounts increasing eacli
five years until $150,000 per year is finally reached ; in 1899, $40,000.
The Pensacola Division bonds are subject to a drawing sinking fund
$5,000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds of 1880 are subject to call at 110 in increasing amounts each year; $279,000 to be paid June 1, 1900.— V. 70,
p. 584.
In June, 1890, the "unified" mortgage (trustee, Central Trust Company) for $75,000,000 was authorized, $41,917,660 bonds being reserved to retire all prior liens (none of the prior liens oau be extended),
the balance for improvements, extensions (at the rate of $32,000 per
mile, including equipment), and for other purposes. The mortgage oovers (besides 1,232 miles of road and its equipment) $25,992,535 stock
&
&
&
&
—
oompanies controlled, and $3,150,000 bonds free from any lien. See
abstract of mortgage in V. 51, p. 613. On June 30, 1899, company reported $32,131,000 issued, of which $3,137,000 in the treasury. Total
listed on N. Y. Stock Exchange $14,994,000 in Jan., 1900.
Of Louisville Cincinnati <£ Lexington general mortgage bonds,
issue is now limited to $3,258,000. V. 63, p. 1010.
Mobil* <& Montgomery— Louisville & Nashville joint mortgage is for
$5,000,000, a first lien on 178^ miles Mobile to Montgomery; $1,000,000 reserved for improvements. V. 61, p. 196, 750.
Kentucky Central mortgage abstract V. 45, p. 372.
Pensacola & Atlantic first mortgage bonds (assumed) are gradually
being called for the sinking fund at 110 on June 30, 1899, $843,000
were held in the treasury, making total outstanding $1,910,000.
St. Louis term inal properly bonds cover freight terminals.
Th« collateral trust bonds of 1898 (see below) are secured by deposit
with the U. 8. Trust Co., as mortgage trustee, of $14,000,000 L. & N.
unified 4s and $4,000,000 L. & N. Paducah & Memphis division bonds,
the latter covering the road from Paducah, Ky., to Memphis, Tenn.,
254 miles. The loan is limited to $12,500,000, and is subject to call at
par on and after April 1, 1903. (V. 66, p. 337; V. 68, p. 87.)
Guaranties.— Besides bonds in table, the Louisv. & Nashv. is responsible for $2,100,000 bonds and dividends on $2,305,582 stock of Nashville
& Decatur; and for $2,096,000 Nashville Florence <fe Sheffield bonds.
General Finances.— In 1898 sold $12,500,000 collateral trust
bonds, due in 20 years but subject to call on or after April 1, 1903,
deferring sale of L. & N. 4s for hetter prices. V. 67, p. 742. This
transaction reduced interest charges (includ. int. on floating debt)
about $200,000 yearly. As a result of refunding there was on Dec. 31,
1898, no floating debt, a cash surplus of about $2,000,000 and stocks
and bonds in treasury worth $9,000,000 to $10,000,000. (V. 66, p.
Since July 1, 1894, the " construction ac337, 574; V. 68, p. 85.)
count" has been closed, and in the five years ending June 30. 1899,
$2 621,230 had been charged to operating exp. for permanent improvements. In Feb., 1899, dividends resumed (Feb. lV/o). V. 68, p. 85.
In Aug., 1899, 2 p. c was paid. V. 69. p. 130. In Jan., 1900, 600,000
acres of land in Western Florida, acquired through Pensacola & Atlantic RR., were sold for $600,000. V. 70. p. 39.
On May 26, 1899, the Louisville & Nashville and Southern Ry.
acquired the Birmingham So. RR. for $1,100,000. V. 68, p. 774, 1078.
Earnings.— For half-year ending Dec. 31
Other inc. Charges, etc. Balance.
Net.
Gross.
Smos.
1899 ....$14,127,419 $4,923,289 $264,622 $3,080,709 $2,107,202
281,042
2,999,547
4,170,067
1,451,562
1898.... 11.H85.798
Deducting dividend of 2 per cent ($1,056,000) in 1899, against \*v
surplus
of
$1,051,202,
against $659,562
per cent ($792,000), leaves net
in 1898.
of
;
For 8 mos. ending Feb. 28, 1900: Gross $18,703,701; net, $6,470,392; in 1898-9, gross, $15,465,825 net. $5,206,445.
Annual Report.— Annual meeting is held in Louisville the first Wednesday in October. Report for 1898-99 at length in V. 69, p. 741, 746.
See also editorial, p. 722
1898.
1897.
Year end. June 30. 1899.
1896.
Average mileage
2,988
2,988
2,981
2,965
Freight earnings.. ..$17,100,715 $15,854,802 $14,641,263 $14,324,906
Passengers
4.901,584
4,557,729
4,291,735
4,666,751
;
Mail, express, etc.
1,753,187
. .
1,584,122
1,439,309
1,399,054
Gross earnings.... $23,759,485 $21,996,653 $20,372,307 $20,390,711
Net earnings
$8,027,898 $7,074,922 $6,523,090 $6,885,505
&c
8,568,543
7,665,698
Taxes paid
Interest and rent...
Georgia RR. deficit.
Loss on other roads
Adv*stoS.&N.A.,eto
Sinking fdpaym'ts.
Dividends
(3*2)
735,330
640,252
4,972,592
162,620
12,480
82,847
162,008
6,950,154
589,516
4,981,993
25,440
49,975
129,387
194,663
7,319,877
579,961
4,983,096
37,870
89,989
64,910
186,547
$778,900 $1,632,901
$979,180
$1,377,504
Net, incl. invs'ts.,
4,971,702
12,687
94,744
127,180
1,848,000
Surp. over divid'ds.
— V. 70, p. 39,76, 280, 584, 633, 792.
Louisv. New Albany & Cliic—See Chicago Ind. & Louisv.
Lykens Valley RR. & Coal Co.—Owns from Millersburg, Pa., to
Willlamstown, Pa., 20 miles; branch, 1 mile. New lease to Northern
Central made April 20, 1896, terminable on 60 days' notice by either
party. Rental $35,000 per annum.— see V. 64, p. 330.
Birmingham Ry.— Owns Sofkee Junction to La
Macon
Grange, Ga., 97 miles. A reorganization of Macon & Birmingham
Railroad sold in foreclosure Dec. 27, 1895.
Gross, $50,770; sur. $156
Earnings.— 8 months, ) 1900
Gross, 45,529; def.
July 1 to Feb. 28.
955
S 1899
In year 1898-99, gross, $65,598; deficit under operating, $9,414; int.
on bonds, $25,000, not paid.— (V. 62, p. 1040.)
Macon Dublin Savannah RR.— Owns road completed from
Macon to Dublin, 54 miles projected to Savannah, 99 miles additional.
Owned by the Illinois & Georgia Improvement Co. of Chicago. V. 60, p.
711,794,873. Bills payable June 30, 1898, $30,079. In year ending
June 30, 1899, gross, $57,242; net$10,375; other income, $112; total
deductions, $3,654; bal., surplus, $6,833. In 1S97 8, gross, $60,159.
Stock $1,250,000; par, $100; no bonds.— (V. 60, p. 103?.*
Maine Central RR.—Line of road, Portland to Vanceboro, Me., via
Augusta, 251 miles; branches. Cumberland Junction to Skowhegan,
via Lewiston 91 miles Bath to Lewiston and Farmington, 76 miles
branches— Belfast, Dexter, Bucksport and Mt. Desert, including ferry,
(7-7 miles), 132 miles; Portland & Ogdensburg RR., Portland, Me., to
Lunenberg, 110 miles small branches, 6 miles; Upper Coos and Hereford railways, Lunenberg, N. H., to Lime Ridge, Quebec, 108 miles;
Bath to Rockland (including steam ferry, 6-10 miles,) 49 miles; total,
823 miles, of whioh 345 miles owned, 437 miles operated under 999
year leases, and practically owned; 33 miles operated under 50-year
&
&
;
;
;
and 8 miles ferry lines.
Stock.— Stock for $2,516,000 owned by Boston & Maine. V. 66, p.616.
1882.
1883.
Dividends—)
1884 to Apr., 1900.
2
Percent 5
5^
6 yearly
Bonds, Guaranties.— Consols of 1872 are held in trust to retire
leases
$441 ,500 6s due Oot. 1, 1 900. V. 67, p. 59.
There were also on July 1, 1899, $81,000 Shore Line 6s, due 1922
also $126,500 Belfast & Moosehead Lake mortgage bonds, due 1920,
not guaranteed, interest and sinking fund paid out of the rental.
Jointlv with B. <Sr M. guarantees $300,000 Port. Union Station bonds.
In Dec, 1899, $800,000 Portland & Ogdens. consol. 3»fls were sold
to refund the $800,000 6s maturing July 1, 1900, on retirement of
which the consols will be a first lieu on the entire line from Portland
Notes payable, $500,000 July 3, 1899,
to Lunenberg, 109 miles.
against $763,000 July 1, 1898.
Annual Report.— Fiscal year ends June 30. Annual meeting 3d
Wednesday in October. Report for 1898-99 was in V. 69, p. 903.
1899.
1898.
Years ending June 30—
1897.
$5,022,098
$4,758,801
Gross earnings
$4,898,036
;
Net earnings
Other income
Net income
Interest
Rents
Dividends
Sinking fund
1,617,037
81,071
1,647,436
63,040
1,612,467
52,147
$1,698,108
$599,365
647,090
298,531
29,440
$1,710,476
$633,907
648,121
298,527
29,440
$1,664,614
$657,060
650,480
298,524
$123,682
$100,481
Balance, surplus
$58,550
66, p. 472, 616; V. 67, p. 29, 68 6; V. 69, p. 695, 852, 903, 955, 1346
Manchester LawrenceRR,-Owns from Manchester, N. H.,to
Methnen (State Line), 2£H miles. Leased for 50 years from September
In
1. 1887, to Boston & M tine at a rental paying 10 p. o. dividends.
1895 a divir^nd of 50 p. ct. was paid from proceeds C. & M. suit. (V
62, p. 869; V. 70, p. 532.
—V.
&
April. ]900
}
|
KA1LKGAD STOCKS Am) BOtfD&
87
88
SUPPLEMENT.
INVESTORS'
[Vol.
LXX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— Prix olINTEREST OR DIVIDENDS.
RAILROADS.
pal.When Du»
Miles Date Size, or
Amount
For explanation of column headings, Ac, see notes
Par
When Where Payable, and by Stocks— Last
of
of
Outstanding Rate per Payable
Dividend.
Whom.
Cent.
on flrst page of tables.
Road. Bonds Value.
Maine Central— ( Oonrl. i— '*ort. A Ogd., consol. M.c
Do
do
text, $20,000 p. m. (gu, by end).
Portland n Station M.,sor. "A" & "B" texts.f.
Dexter <fe Piscataquis stock 5 p.c. rental 999 years.
1st AL, Dexter to Dovei, etc., guar, by end
Hereford R'y stock (4 p. o. rental for 999 years)
i
i
109
text.
1887-9
.
.
1st mortgage, guar. p. A i. (endorsed)
Upper Coos RR. stock, 6 p. o. rental 999 years.
1st mort., guar. p. & i. (endorsed)
Extension M., $21,000 p. m., guar. p. <fc i.(end.).
Knox & Lincoln stock, guar., 5 p. c, 999 years.
1st M. Penobscot Shore Line RR. Co., assumed.
.
K. A L. 2d mortgage (for $400,000) assumed...
Dexter & Newport, stock, 6 p. c. to Nov. 25,'98...
1st M. (old 6s refund, in 1897) gu. p. A i. end."
Eastern Maine, stock, 4*2 p. ct., rental 999 years
17
17
53
53
55
22
33
48
48
48
14
14
18
22
Manches. dt Law— Stock.10 p.c.ren'ltill 1937.B. AM.
Real estate bonds (not mort.) int. gu. by B.A M-c
"36
Manhattan Elevated.— Consol. stock, $48,000,000..
Metropol. El. 1st M., $600,000 p. m., assum'd.g.o*
18
N. Y. El. deb., secured by consol. mort. of 1890.
32
Manhattan Elevated consol. mort., gold. o*and r.
32
Man. <6 Pikes' Peak By.- IstM., $500,000, g
c
9
Mari. <& Phoenix
Suit Riv. Val.HIi.-M.., gold, F.c
43
M. & Ph., 1st mortgage, sold
c
34
Mason City <£ Fort Dodge— lstm.$15,000 p. mile, g.
92
Mexican Central— Stock, $25,600 per mile
1st M. (unassented) (for priority bonds see text).
Consol. mortgage, $32,000 per m., gold, BBo^r 1,949
1st cons. inc. and scrip, non-cum.($9.600p.m.),g.o* 1,949
2d con.inc.$6,400p.m.red.at 50p.c.till Aug. 1929c* 1,949
Registered income bonds and scrip, unassented.r
Equipment bonds, $1,000,000 (5 p. c. due y'rly).
Mp
<£•
1888
1888
m
m
1,000
1,000
1,000
100
1889
1.000
1890
1,000
100
mmm
1890
1890
....
1890
1891
100
1,000
1,000
100
1,000
1,000
100
1897
"Too
100
1892
1,000
100
1878 £ & $
1,000
1886
1890 1, 000 Ac
1891
1,000
1895
1,000
1886
1,000
1886 100, &c
100
1881
1.000
1889
1,000
1889
1,000
1889
1,000
1881
1,000
1897
1,000
Manhattan Ry, (Elevated).— Road -Owns all the elevated rail
roads in N. Y. City, main track, 32 miles; also Suburban R.T.RR..3% ruin Apr., 1900, extension of 1*3 miles begun from terminus of 3d Avenue
line at 177th Street to Fordham, to be completed within a year. V.
70, p. 176, 633.
History, Etc.— Formed Nov. 24, 1875.
Stock.— Increased in March, 1899, from $30,000,000 to $48,000,000 to
meet cost of electrical equipment, etc.— V. 68, p. 2,52, 282, 380,428,617.
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 of $300,000 per mile of single and $600,000 per mile of
double track. (See abstract of mortgage in V. 51, p. 248, and application to New York Stock Exchange in V. 52, p. 353.) Of the consols
the company itself in Dec, 1897, held $300,000 against "special account" and $50,000 consols to redeem convertible cert.— V. 69, p. 131.
General Finances.—See V. 68, p. 232, 282. To May, 1898, claims
aggregating $8,847,854 had been paid by the company as damages to
abutting property and other cases were before the courts. See Chronicle, V. 66, p. 954, and V. 67, p. 789. As to personal propertv tax
assessment, see V. 66, p. 954; V. 67, p. 222, and V. 68, p. 1282.
Amount of taxes in litigation Deo. 31, 1899, per balance sheet, $1,870,313. V. 67, p. 1053. Of the proceedslof the $18,000,000 increased
stock $6,000,000 had, in July, 1899, been used to pay the old right of
way judgments.—V. 69, p. 131. Most of the remainder, along with
other funds (in all $13,627,404 onSept. 30, 1899), was loaned out on
collateral, yielding the company a substantial revenue to offset the
deficit for the year 1898-9H; see V. 69, p. 1062.
The electrical equipment of the system, it is thought, will be effected
in 1900. V. 69, p. 1 148. The new method of operation is expected to
increase the efficiency and economy of the service and net earnings of
the system and place the stock, as increased to $48,000,000, upon
a 5 per cent basis. See " stock " above. Has traffic agreement (since
April 29, 1899), with Third Avenue RR. system providing for transfers
to and from both lines.—V. 68, p. 672. The refunding of Met. El. 2d
6s Nov. 1, 1899, effected a saving of $80,000 annually.
In Nov., 1899, location for power house had been secured at 74th St.
aud East River, and all contracts let.—V. 69, p. 27, 131, 955, 1148.
Dividends.— ) '86. '87. '88. '89. '90. '91-96. *97. '98. '99. 1900.
Since '85. P.Ct. $ 6
6 5 See below. 6 yrly. 412 4
4 Incl.Apr.,2
In 1889 1 in cash and 4*2 in scrip; in 1890, 4^ cash and 1*2 scrip.
Latest Earnings.— 6 months ending Dec. 31:
Gross.
Net.
6 mo .
Other inc.
Charges.
Bat., sur.
1899
$4,420,514 $1,812,762 $386,600 $1,403,617
$795,745
1898
4,145,309
1,555,416
95,000 1,338,957
311,459
Annual Report—Annual meeting is tield the second Wednesday in
November. Report for vear 1898 89 was given in V. 69, p. 382, and
report for year ending Sept. 30, 1899, in V. 69, p. 1003.
1'ear end ing June 30—
1899.
1897.
1898
Gross earnings
$8,719,495
$9,183,541
$9,163,742
Net over operating exp
3,458,329
3,856,885
3,861,391
Other income
340,600
211,716
180,276
Interest, rentals and taxes
2,678,416
2,645,323
2,707,016
Dividends
1,380,000
1,200,000
1,500,000
Balance after dividends... def.$259,488 sur.$223,275 def. $165,348
Yr.8ep.30. Passengers. Earnings. Yr.Sep.30. Passengers. Earnings.
1893-94.-196,159,323 $10,138,143 1890-97.-183,184,641 $9,359,732
1894-95..188.072.645
9,745,927 1897-98.. 1^9,728,356
9,204 466
1895-96.-182,437,244
9,352,115 1898-99.. 177,204,558
9,325,111
—(V. 70, p. 176, 230, 328, 430, 633.
Manitoba Northwestern Ry,-V. 68, p. 1182, 1226.
Manitou
Pike's Peak Ry.— Manitou, 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. Last coupon
paid was that of Oct., 1898, in Oct., 1899. For year ending Nov. 30,
1899, gross, $6A2( 9; net, $36,730; intere t on bonds, $25,000. President, H. 8. Cable; V.-P. and Treas., Z. G. Simmons; Sec, J. B. Glasser.
&
&
-
Office,
Manitou, Col.
Marietta
& North Ga. Ry.— See Atlanta Knoxville & North.
& Phoenix &. Salt River Valley RR.—Maricopa
Maricopa
A
to Phoenix, Ariz, 36 miles ; Teinpe to Mesa, 7 miles; total, 43 miles.
consolidation in Dec, 1895, of the Maricopa A PhoBnix RK.. and
Phoenix Tempe A Mesa Ry. Stock, $1, 000,000; par, $100; all outstanding. Bonds have a sinking fund of $6,000 annually after 190t».
Under a modification of the mortgage of 1895, agreed to in Dec, 1898,
the total authorized issue was reduced from $860,000 to $750,000, of
which $648,000 were offered in Jan., 1899, in exchange for $540,000
old Mar. A Phoen. 6s, at the rate of 6 of the 5s for 5 of the old 6s. V.
In 1899 $24,000 bonds were canceled in anticipation of
67, p. 1357.
requirements of sinking fund. President, N. K. Masten; Sec. and Treas.
F. I. Kendall, Crocker Building, San Francisco. Cal.—V. 67, p. 1357.
Marshalltown Dakota
V. 69, p. 591.
&
RR.—
Mason City & Ft. Dodge RR.— Owns road
to Lehigh, la., 88 miles,
ana branch, 4
miles.
from Mason
City, la.,
Stock authorized, $5,-
M &
N. Bos.,N.Shaw.Bk. A Port Nov. 1. 1908
Nov. 1, 1908
do
& N.
do
4
J. & J. Portl'd.Me., A Boston. J'ne27,Jan.29
Jan.,'O0,2>«%
Dover, Me., Office.
5
J. & J.
4
J. A J. Bos. N.Shaw. Bk., Port. July 1, 1929
4
M. & N. Portland, Me. Cent. Of. Mav, '00. 2%
4
M. & N. Boston, Nat. Shaw. Bk. May 1, 1930
May, '00, 3%
M. & N. Portland, Me., Office.
6
4
M. A N. Bost.,N.Shaw.Bk.;Port. May 1, 1930
May 1, 1930
M. & N. Portland, Me., Office.
4>a
F. & A. Portl'd,Me.,Me.Cent.Of. Feb. '00,2 V*
5
4
F. A A. Boston, Nat. Shaw. Bk. Aug. 1, 1920
Feb. 1, 1921
do
5
F. A A.
do
Sept., 1898
5
J. & J. Treas'rs Offioe.Portland
1917
M. & S.
4
4^ M. A N. Rocklan Me., Office, May, '00. 2*4%
10
M. A N. Manchester and Boston. May 1, '00, 5%
Jan. 1, 1922
Boston, B. & M. RR.
4
J. A J.
4 in '99
Q.-J.
N. Y., 195 Broadway. Apr 2, '00, 1%
6g. J. & J. N. Y., Mercantile Tr. Co July 1, 1908
M. A S. N. Y., Mercantile Tr. Co Mch. 1, 1916
5
Apr. 1, 1990
A. & O
do
do
& O. Flower & Co., 45 B'way Oct. 1, 1909
J* A.
5 g. VT. «r N. N. Y., Farm. L. A Tr. Co. Deo. 23 1925
Nov. 1, 1916
do
do
6g. M. & N.
5
$1,319,000
3^
text.
300,000
122,000
175,000
800,000
800,000
350,000
350.000
693,000
200,000
1,300,000
400,000
122,000
175,000
200.000
1,000,000
274,000
47,993,688
10,818,000
1,000,000
28,065,000
500,000
7H.000
540,000
M.
i
6
1,380,000
47,940,100
363.012
60,601,000
17,340.300
11,266,000
405,200
850,000
J.
g.
<te
July
In default.
J.
1,
192C
J. & J Boston.SafeDep.ATr.Co July 1, 1911
(7) 4
July 1, 1911
do
do
4g. J. & J
g July 10 Boston, when earned. Jan. 10. 1939
Jan. 10, 1939
i
July 1
July 1, 1911
3
5 g. 'a. & o Ol.Col T.Co.,Bos.&Lon, Apr. 1, 1917
-
000,000; outstanding, $920,000 par, $100. In year ending June 30,
1899, gross, $209,081; net over taxes, $80,716; charges, $82,800; bal.,
deticit, $2,084. Net current liabilities June 30, 1899, $1,097,490, including unpaid coupons, $1,076,400. President, W. C. Toomey of St.
;
Paul.—V.68,
977.
p.
Memphis & Charl.— In 1898 purchased by South. Ry.—V.69,p.333.
Mexican Central Ry. Limited (Mexico).— (See Map.)— Mileage
—Main
line Mexico City north to Juarez City, 1,224 miles, 407 miles
on Tampico Division, 12 miles on Guanajuato Branch, 161 miles on
Guadalajara Division, 55 miles on Ameoa Ext., 44 miles on Pachuoa
Division, Bar extension 6 miles, 40 miles on Laguna Ext. and other
branches 7 miles
extension from Jiminez to Parral, 54 miles. Total
Deo. 31, 1893, 2,010 miles. All 56-pound steel.
Iu Dec, 3 899. extension from Parral to El Rosario, 41 miles, was
under construction; also from Yurecuaro, on Guadalajara Branch,
to Tinguindin, about 75 miles, of which 2*> miles to Zamora were completed; also projected La Vegd to San Marcos, about 29 miles, and
Oreudain to Tequila, about 18 miles.
Organization.— Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Government. Debt readjusted in 1889— see V. 48. p. 191, 292, 327. See
;
Mexican Central Ry. Securities Co., Limited, below.
Subsidy.—Jan. 1, 1899, there was left of the subsidy in trust $2,141,148, to be used whenever necessary for the payment of principal and
interest of the consolidated mortgage bonds, $477,947, having been s»
used in 1898. Of the $3,000,000 of Mexican Government bonds receivable under Tampico Harbor concession for a depth of 22 feet,
$2,790,000 (in Mexican Government 6 per cent bonds) had been received in April, 1895, corresponding to a depth of 20 feet, and these
were exchanged In 1895 for $2,934,600 of 5 p. c. Government bonds.
Bonds.— Of the priority bonds $1,403,000 were paid off with proceeds
also
the balanoe,
held as an investment by the trustee of the consolidated mortgage. See V. 52, p. 390. The consol. mort., 4 p.c, covers
the entire property, all old firsts deposited, and the subsidy earned and
to be earned. (See abstract of mortgage in Chronicle, V. 49, o. 177.)
In June, 1899, in addition to the $59,511,000 consol. 4s shown above
$4,618,000 had been certified by the trustee, of which $454,000 held
for exchanges, $1,350,000 as collateral for equipment bonds, SI, 000,
000 purchased by trustee under subsidy trust fund and $1,814,000
issued to and owned by the company.— V. 68, p. 1182. Both series of
incomes are non-cuni. and secured by one indenture to the American
L. A T. Co. of Boston. First incomes received 3 p. c. interest in 1890,
of subsidy collections, interest ceasing April 10, 1891;
$5,597,000,
is
1891 and 1892 none since.
Equipment bonds for $1,000,000 (issued in 1897) are secured by a
mortgage on the equipment purchased and the deposit in trust of
$1,500,000 general 4s. The company is to pay 5 p.c. of loan annually,
a proportional amount of fours being released.— V. 64. p. 843.
General Finances.—Tampico Harbor Co. bonds of 1894 oosting $1,923,938 (all owned by and in the treasury of the Mexican Central) are
guaranteed.— (V. 62, p. 869.)
Gross, $2,872,588; net, $921,712
Earnings.—Mexican our. ) 1900
Gross, 2,375,682; net, 757,117
Jan. 1 to Feb. 28 (2 mos. ) 5 1899
Annual Report— Fiscal year ends Dec 31. Preliminary statement
frr 1899 was in V. 70, p. 427. Report for 1898 was given at length in
V. 68, p. 868, 874; see also editorial, p. 851. The gross earnings Delsw
are Mexican currency; all other figures V. S. currency. The company
received for its Mexioan dollars an average of 48*41 cents in 1899,
46-59 cents in 1898, 48 24 cents in 1897, 53*17 cents in 1896.
INCOME ACCOUNT (U. 8. CURRENCY EXCEPT AS INDICATED).
1896.
1898.
1897.
Year ending Dec. 31— 1899.
2.016
1,956
1,956
1,869
Av'ge miles operated
Gross earns.Mex.cur$l 5,602,065 $13,588,966 $12,845,819 $10,208,020
Net earns. Mex cur.. $5,199,095 $4,427,534 $4,016,318 $3,463,747
1,841,515
2,062,805
1,937,483
Do do in U.S. cur. 2,516,961
65,652
489
Miscellaneous (net)..
;
Net income
Fixed charges
$2,582,613 $2,063,294
2,483,435 2,476,517
—
Balance, surplus
Subs' y ac't in U.S. cur
Pres't, A. A.
Robinson;
$99,178
None.
df.i
!
'413,223
5477,947
)ompt., J. T.
$811,229
Harmer.— (V.
70, p.
$300,000
382, 427,
480.)
Mexican Central Ry. Securities Co., "Limited.—This depos-
company was formed in 1899, per plan in V. 68, p. 331, to acquire
the 4 per cent consols of the Mexican Central Ry. " and to issue in their
place two classes of securities." The share capital is raised by a pay.
ment of £2 for each $1,000 bond deposited, for expenses, etc. Each
$1,000 bond deposited will receive £102 "A" and £102 "B" debenture
stock, constituting a first and second charge respectively upon the
deposited securities, both secured by the same deed of mortgage to
Right Hon. Lord Hillingdon, Right Hon. Lord Revelstoke and H. W.
Sniithers, trustees. Frederick M. Spanlrie, Secretary, 3 Graoechuroh
V. 68, p. 331, 524.
Street, London, E.
itary
C—
April. 1900
KAILROAD STOCKS AND BONDS.
j
fc»
X
E
Itiwon
Seven Siren
—
"5
rrv: - -^E' p aso
Paso del
Non
-.,
%Xha
Morlan
sflGallego
Ik?
Opt
,
1
Laguna
-
4Sh.\
°'^K
^^deEncinUlaso
/
Jr.
V\W
\
V
%'
• "%
O
Ata*acl<-ras
\
1W
Z
•
I
Saez
Cort,
V
*
^-
55
4&^ Mia
fa
k/3 t\\jHIRANG(
°
^Nbmbri!
(1^.
t.
'*
/
(t±--SL
'-
X
C
\
V
Y
niII °
— '^r
(Jerez
l~
l-
Q
M'-"^
i
A
12
SAN-LUISXJ
JHucjutla
l
^ V^uxpan
/
LAJARA
H
Poncltlaji.
D A L^.„0
I
N
>
G*
£.cte
Ohapala
^
\ Zamora
L
,
,
_PACft0cA
*v
y
»•
tfk
VERA
Mc
^
JMA-n
-CRUZ:
J
I
"ypJufeBi,
cue^.^.-^moSielos;
Tehnac
\.
Cuioat
S
MAP OF THE
-**
V-.
>9
;
/)
,.
MEXICAN INTERNATIONAL
RAILROAD
AND CONNECTIONS
Dotted lines indicate projected extensions
under Government approval.
o
Acapulco
c>
^
„
*
CHILPANCING'
<T
0f
.
HklulffO
a©
SUPPLEMENT.
INVESTORS'
[Vol.
LXX.
Subscribers will confer a great favor by giving immediate notice of any error discovered In tbese Tables.
Bonds— PrlnclRAILROADS.
INTEREST OR DIVIDENDS.
Date Size, or
pal.When Due.
Amount
•'For explanation of column headings, &o., see notes
of
Par
Rate per When Where Payable, and by Stocks—Last
Outstanding
Bonds Value.
Cent.
on iirst page of tables.
Payable
Whom.
Dividend.
Mtx. Cent. Ry Securities Co ,Li?n.—A deb. stock
B deb. stock. 4%, cum
£100 £3,388,644
1899
1899
100
3,388,644
1897 £100<tec $5,850,000
le97 $500&c.
5,553,000
4%
Mex. Inl.—Pr. lien,£1.200,000,red.atpar.Un.xo*&r
1st consol. inort., $16,000,000, gold. .Mp.xc*<fer
Income 4% bonds (no mort.), non-cumulative,...
Mexican National Stock
1st M., subsidy, gold, sublect to call at 100
c*
2d M.,ser."A,' f g., ino. accum. (for $16,675,000)0*
2d M.,ser."B," g., inc. non-ac. (for $16,675,000).
3d mortgage, deb. (income not cumulative) gold.r
Mex. Nat'l Ry. Co., Limited— A otfs., 5% non-oum..
615
768
.
—
B
1,064
1,064
1,064
1,064
certificates
83
83
not called S. .. o*<fer
Mexican Railway, Limited— Ordinary shares
1st preference stock, 8 per cent
2d preference stock, 6 per cent
Perpetual 6 per cent debenture stock
Mexican So. Ry., Lim.— Ordinary shs., £1,000,000.
1st M. 4% deb. stock, £700,000, red. 110. (Text)
2d M. 4% deb. stock, £600,000 red. at par, 90 y'rs
Mexico Ouernavaca d. Pac. 1st M., g., $25,000 p.m.
Michigan Central Stock
Consol. mort.— now 1st M. ($2,000,000 are 5s).. c*
M. C. Michigan Air Line, 1st mortgage
cfer
M. C. 1st M. on Det. & Bay City ($4,000,000)... .c
do
do
do
...r
M. C. 1st mortgage on Grand River Val. RR
c*
M. C. 1st mortgage on Kalamazoo & S. Haven., .r
M. C. 1st M. Term. $1,500,000 (V. 64, p. 886). e&i
s. f.
.
321
228
228
310
—
—
a Exolusive of $436,000 held by sinking fund,
loan maturing March 15, 1900. (V. 69, p. 332.)
270
115
152
152
84
39
....
&
in
Stock.— Authorized $25,000,000; issued Jan., 1900, $18,708,200.
Bonds.— In 1897 reorganized, reducing fixed charges on 659
miles from $605,360 to about $448,650. Consol. 4s for $3,690,000
are to be issued at $10,000 per mile on 369 miles of proposed branches
and $800,000 are reserved for betterments, etc. The total issue of
consols ie limited to $16,000,000. The prior lien 4 128 are secured on
line from Cuidad Pordrio Diaz to Durango, 540 miles and 75 miles of
branches. See details in V. 65, p. 151, 1071. Consol. 4s of 1897 listed
on N. Y. Stock Exchange Feb., 1898. See application in V. 66, p. 34 1.
EAKNINGS— Mex. cur'cy. 5 1900
Gross, $860,973; net, $324,459
Jan. 1 to Feb. 28, 2 mos.. 1 1899
Gross, 748,208; net, 362,106
Annual Report.—Report for year ending Dec. 31, 1899, w#s given at
length in V. 70, p. 683, 690; see also editorial, p. 660, showing earnings
as follows: Gross on average of 737 miles, $4,645,559 (Mexican currency); net, $1,930,850; inU. S. money, net, including other income,
$907,500; interest, etc., $498,169; balance, surplus, $409,331. In 1898,
gross on 659 miles (Mexican currenoy), $3,497,075; net, $1,430,564.
President, T. H. Hubbard. N.Y. of.. 23 Broad St. (V. 70, p. 683, 690.)
Mexican National RR.— Owns narrow gauge
road from Laredo
o City of Mexico, 842 miles; Acambaro to Uruapan, 143 miles; El
Salto branch, 45 miles Matamoras to San Miguel, 76 miles ; small
branches, 5 miles; total owned, 1,064 miles; controls through ownersnip of stock, Texas Mexican Railway, Corpus Christi to Laredo,
Texas, and branch, 163 miles other lines, 5 miles total 1,232 miles.
Gauge, 3 feet; rail (steel and iron) 40 and 45 pounds to the yard. In
March, 1899, extension to Uruapan, 47 m., opened.— V. 68, p. 624.
History.—A reorganization of the Mexican National Railway foreclosed May 23, 1887. See also Mex. National Ry. Co., Limited, below.
Subsidy.— In 1895 the uncollected subsidy, $3,335,685, was settled
by deposit of $4,528,100 of Mexican Government 5s as security for
the firsts of 1887.— (See V. 69, p. 1103, 1193; V. 62, p. 593, 1139.)
Stock.— Stock, $33,350,000 (par $100), placed in trust with the
Farmers' Loan & Trust Company, leaving the road in control of 1st and
2d mortgage bondholders until it earns and pays interest on both classes
of bonds for two consecutive years. The first mortgage bonds have
two votes], the 2d mortgage, A. & B., bonds one vote each [24,530
in all]. The Mexican National Construction Company owns a majority of the stock and $7,000,000 of the 3d mort. incomes.— See V. 63, p.
1115; V. 64, p. 1137. Capital reserve fund Jan. 1. 1900, held $734,786.
Bonds.—The first mortgage of 1887 is a prior lien upon all the
lines in Mexico, constructed or to be constructed, and upon the Texas
Mexican securities. The bonds are redeemable on notice at par. Trustee. Capt. W. G. Raoul. Original issue $12,500,000, which has been
reduced to present figure by redemption with subsidy, and may be further reduced June 1, 1900. by sale of $4,528,100 Mexican Govt. 5s.
See Subsidy above.— V. 69. p. 1103, 1193; V. 70, p. 644. In March,
1900, $1,000,000 prior lien bonis for change of alignment, reduction
of gradients, new rails, etc. V. 70, p. 643.
As to Id mortgage bonds see Supplement of A.pril, 1897, and "Mexican National Ry. Co., Limited", below. The so-called "Matheson
bonds" were issued independently of the company.
On series "A" bonds from earnings 2 per cent was paid March 1,
1893; 1 per centon April 1, 1895; H2 per cent on April 10, 1896; 3 p. c.
March 22, 1897; 3*2 p. c. on April 4. 1898; 3*2 p. c. on April 20, 1899;
4>s p. c. in N. Y. on Apr. iO, 1900. V. 70, p. 584.
Earnings— 2 months, J 1900
Gross, $1,233,430; net, $564,945
Jan. 1 to Feb. 28
f 1899
Gross. 1.077.306 net. 50tt.398
Net available for interest (2 mos.), $116,452 in 1900; $98,253 in
1899. Above figures are in Mexican currency, to be valued at 80 on
the dollar in U. 8. money, all other depreciation having been allowed for.
Annual Report— Fiscal year ends Deo. 31. Report for 1899, with
the balance sheet, etc, was given in full in V. 70, p. 630, 641; see also
editorial p. 610. Gross below are in Mexican currency, all other figures
in V. S. currency. Mexican currenoy is reduced to U. 8. currency at 80
p. c, all loss above this being charged off in exchange account.
INCOME ACCOUNT— (U. S. CURRENCY EXCEPT GROSS EARNINGS).
Year end'g Dec. 31—
1899.
1898.
1897.
1896.
Miles operated
1,242
1,218
1,218
1,218
Gross earnings
$7,087,675 $6,330,920 $6,080,663 $5,299,025
Net earnings
2,942,570
2,393,431
2,388,991
2,020,766
Int. on 1st M. bonds..
667,400
674,110
680.720
687,755
Exchange
1,281,851
1,175,981
1,156,792
793,408
Misc.. betterm'ts, etc.
207,573
129,187
114,456
125,269
Sundry charges
26,835
li?,658
19,584
11,712
;
;
:
$758,911
$394,569
34,962
$418,364
42,373
$460,737
$429,531
on "A" bonds. (4^)$551. 925 (3^425,775(3^425,775
-(V. 69, p. 27, 1103, 1193; V. 70. p. 584, 630, 641.)
Total
Int.
Sept. 1,
Sept. 1,
1947
1977
N. Y., Nat. City Bank.
June 1, 1927
Paid 4*2 p.o. Apr., 1900 July 1, 1917
July 1, 1917
See text.
July 1, 1937
London, when earned.
May, 1899
do
do
N. Y., office, 27 Wm. St. Mar. 2, •00, 1*4
do
Deo. 1, 1910
do
London.
Nov.,'99, 11B, 6
& Co., Lon
Perpetual.
Nov., '99, 1^
N. Y. Gr. Cent. Station.
N. Y., Union Trust Co.
Rg.atG.C.S.; cp.atU.Tr,
N. Y., Union Trust Co.
N.Y.,Gr'd Cent. Station
N. Y., Union Trust Co
N. Y., Gr. Cent. Stat'n.
Rg.atG.C.S. ;cp.atU.Tr,
Jan. 29, 1900
Glyn, M. C.
Oct.
1,
May
1,
1,
Moh. 1,
Moh. 1,
Sept. 1,
Nov. 1,
July 1,
Jan.
1943
1902
1940
1931
1931
1909
1939
1941
bi?4.4 20.000 additio nal issued to July.189 9, but h eld as security for $3,200,000 7 p. o.
H. R. RR. Co.
c Of which $16,1*9 ,600 held byl N. Y. Celntral
;
Balance
London, Speyer Bros.
N. Y., 23 Broad St.
8.
S.
§*
Mexican International RR.— (See Map)— Road.— Owns
Sur. from previous yr
&
M &
4,499,000
Sept. 1
33,350.000
1887
1,000
10,959,000
J. & D.
1887 500 &o. 12,265,000
6 g. Ann'ly.
1887 500 &c. 12,265,000
1887
1,000
7,040,000
6g. May 1
1896
£2,291,375 See text.
1896
£1,887,400
100 $3,000,000 4 in 1893 Quar'ly,
1890
1,000 al,224,000
6g. J. & D
£2,254,720
"iio
2,554,100 See text. M. & N.
£10
1,011,960
2,000,000
J. & J
Nov.
£1,000,000
1896
P. & A,
600 000
4
1896
4
F. & A
597,400
1893
bl30,000
1,000
5 g. A. & O
100 cl8,738,000 4 in 1899 J. & J
'72-*82
1,000
10,000,000
7& 5 M. & N
1890 1.000&0
4
2,600,000
J. & J
1881
1,000
M. & 8
3,576,000
1881 1.000&C ^
Q.-M.
I
I
•79-'86
M. & S
1,000
1,500,000
6
M. & N
1889 1.000&C
700,000
5
1896 1.000&0
725,000
4 g J. & J
Mexico a standard gauge road from Ciudad Porflrio Diaz, on
Southern Pacific, via Torreon, on Mexican Central, to Durango, 540
m., with branches, 90 m.; Reata to Monterey, 72 m.; branch to Tlahualilo, 43 m
new branch, Durango to Canatlan. 37 miles, opened
Mar., 1900; total, 782 m. Organized under laws of Conn.
;
M.
4g-
100
Mexican Northern— Stock
1st mort., U. 8. gold coin,
J&J15
London.
J&J15 London, when earned.
4
4
4*2 g.
$402,622
4,701
$407,323
364,950
(3)
]
I
Mexican National Ry. Co. Limited.—This depositary company was formed in 1896 (per plan in V. 62, p. 1139, see also p. 635,
by the " A" and "B" bondholders of the Mexican National RR. Co.
Its share capital is £24,530 in 10s shares, and is deposited in
trust to give the control of the depositary oompany to the certificate
holders. The certificates were issued in exchange as follows
£250
A certificate for a $1,000 " " bond deposited £200 B certificate for
$1,000 " B " bond and £125 A and £100 B certificate for a Matheson
certificate.
In July, 1899, there had been deposited all but about
certificates
The
have
these securities.
$3,859,000 of
two votes, "B" certificates one vote for every complete £25.
Dividends— On "A" certificates, in 1898, April and May, 1899, paid
£2 15s. 8d. p. c. Report for year 1898-99 in V. 69, p. 226. Address 85
Grace Church St., London, E. C.-V. 70, d. 584, 687.
:
A
;
"A"
Mexican Northern Ry.— Owns
Mexican Central Ry.,
from Esoalon, Mexico, on the
83 miles, all steel.
see application for listing on
$3,000,000
to Sierra Mojada,
Stock.—Capital stock is
N. Y. Stock Exchange in full, V. 64, p. 619.
Dividends
) 1892. 1893. 1894. 1895 to Dec, 1899. 1900.
;
6*2
6*2
Percent
6
$
Bonds.— The mortgage is for $1,660,000,
Mar.H4
4 yearly. Q-M
which $436,000 held by
of
the sinking fund in Dec, 1899. See V. 60, p. 482.
Gross, $375,859; nst, $135,975
Earnings— 7 months, 5 1899-0
Gross, 410,190; net,
July 1 to Jan. 31.
206,718
1 1898-9
Annual Report.— Earnings as follows in U. S. currenoy
Other inc. Charges. Dividends. Surplus
Tear.
Oross.
Net.
1897-8.. $548,395 $316,793 $23,641 $137,383 $120,000
$83,051
120,000
94,493
1896-7.. 603,671
329,991
135,439
19,941
V. 64, p. 611, 619; V. 65, p. 679, V. 69, p. 1012; V. 70, p. 280.
Mexican Railway. Limited.— City of Mexico to Vera Cruz,
264 miles; Puebla branch, Apizaco to Puebla, 29 miles; Pachuca branoh,
Ometusco to Pachuca, 28 miles; total, 321 miles.
Organization.— Incorporated Aug. 20, 1864, as Imperial Mexican
Ry., Lim. Concessions perpetual, except as to Pachuca branch.
Dividends since 1896, paid semi-annually, yearly rate given: On 1st
pret., May, 1897, 2*8 p. c; Nov., 1897,21s p. c; May, 1898, 1*8 P- c;
Nov., 1898, 25 8 p. c; May, 1899, 23s p. c; Nov., 1899, 3 78 p. c.
Earnings.—Jan. 1 to March 31, 19^0, 3 months (Mexican currency),
gross, $1,181,200; in 1899, $1,1*5,700. For half-year ending June
30. 1899, gross, $2,330,031, against $2,100,865 in 1898; net above
operating expenses, $1,090,892; total net revenue, £113,808; deb.
interest, £60,000; special fund, £5,000; div. at 3 78 p. c, £49,485.
Officers.— Chairman, William Newbold; Sec'y, John T. Dennlston,
London, Eng. London offices, 45 New Broad St., E. C. V. 66, p. 1001.
—
Mexican Southern Railway Ry., Limited.— Puebla to Oaxaca, Mex., 228 m.; sidings, Una.; all narrow-gauge. In Jan., 1900, acquired Tehuacan-EsperanzaTramway, standard gauge, about 31 miles,
extending from Tehuacan to Esperauza on Mexican Ry.
Org anization.— Chartered in 18 s 9. Concessions commuted by payment in 1892 by Mexican Government of $8,<i00,000 B per cent 50year silver Mex. Govt, bonds. These bonds are subject to sinking
per cent per annum, and expire June >,ly90, when the
fund of
road passes to the State without payment, except for stations, rolling
stock, etc. In 1896 reorganized per plan in V. 63, p. 229.
Securities.— Principal of 1st debenture stock is redeemable at 110
per cent out of sinking fund from redemption of $8,000,000 Mexican
silver bonds, deposited under trust deed. Interest on 2d debentures
On ordinary
is payable only out of profits on Feb. 1 and Aug. 1.
shares 1 p. c was paid for year ending March 31, 1897; year 1897-8,
li4p. c; 1898-9, l^a p. o.
Earnings— Year ending March 31, 1899, gross, £64.662; net, £23,506; renewal and contingency fund, £5,000; div. (1*2 p. c), £15,000;
bal., £3,506. Inl897-8, gross, £63,73l;net, £21,036. Jan. 1 to Mch.31,
1900, 3 mos. (Mex. cur.), gross, $2 18,28 L in 1899; $194,457 in 1898.
^
Officers.- Chairman, G. E. Paget; Sec A. C. Chamier, 16 Finsbury
(V. 63, p. 229, 1112.)
Mexico Cuernavaca & P»c. RR.—Mexico to Balsas River, 182
miles, in operation, and projected to Acapulco, about 153 miles.— V.
69, p. 332. As to subsidy from Mex. Gov't, see V. 67, p. 901. Stock,
Circus, London, E. C.
$6,000,000; par, $100; outstanding, Oct., 1898. $2,432,000. For7mos.
Year endending July 3 1, 1899.U82 miles, gross. $253,671; net, $9.06
ing Dec. 31, 1898 (90 miles), gross, $323,527; net, $2,977; int. on $130,
000 bonds, $13,598; def., not including int on ¥3,200,000 loan, $10,543. Pres. and Gen. Mgr., J. Hampson, Mexico City, Mex.; Sec. and
Treas., Charles Wheeler, Denver, Col.— V. 69, p. 332.
(See Map adjoining New Tork Central
Michigan Central
page.)— LIKE of Road.— Main line— Kensington to Detroit, 270 miles,
and Windsor to Suspension Bridge (Canada Southern), 226 miles;
Branches owned and leased 1,147 miles;
total main line, 496 miles.
trackage 111. Cen., 14 miles; total January 1, 1899, 1,657 miles.
There are 254 miles of second track and 922 miles of side tracks.
Organization, Leases, &c— The Michigan Central was chartered in
1846; the whole line, Detroit to Kensington, was opened in 1852. Uses
Illinois Central from Kensington into Chicago, 14 miles, under a
1 .
RR.—
April. 1900
RAILKOAD STOCKS AND BONDS.
J
91
Subscribers will confer a great favor by giving Immediate notice of any error (Uncovered In thene Table*.
Bonds— Prlii'
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation of column headings,
on first page of tables.
<fec,
Michigan Central— (Concluded) —
Grand River Valley stock, rental in
perpetuity.
City bonds, endorsed, no mort. lien. .c
Bridge bonds, endorsed, no mortgage lien
Jack. ,<uiH. <fe Sag. stock, 3^ p.c. y'rly, guar. by end.
Cons, mortgage, assumed, extended in 1 89 1 o*
Bay City & Battle C, 1st M., gold, gu.p.A i. end.c*
Battle C. & Sturgis 1st M., gold, gu. p. & i. end.c*
Joliet & North.Indiana IstM., guar. p.&i. (end.).c
Middletown Vn.dt W. Cap IstM., ext.in'86
o*
2d mortgage, int. guar, ext. in 1897 fsee text)..o*
Mill Creek <6 Mine Sill Ifav. <6 RR.— 8tock
Milw. Benlon Harb. <& Col.— Consol. M., g., $900,000
Milwaukee Lake Shore <6 Western See Chicago &
Det.
& B.
84
$100
1872
1873
.
I
. .
—
—
$191,200
274,000
150,000
1,000
1,000
295
100
295 71&80 1,000
18 1889
1,000
41 1889
1,000
45 1877
1,000
13 1866 100 &C.
1871 500 Ac,
27
NOKT
2,000,000
1,836,000
250,000
421,000
800,000
150,000
577,000
323,375
405,000
1897
1,000
h-Web TERN.
Milwaukee <t Lake Winnebago— See Wisconsin Ck NTHAL Ry.
Milwaukee d& Northern See Chicago Milwaukee & St. Pa til.
Mine Hill <& Schuylkill Hav.—Stock (6 p. ct. rental)
52
Mineral Range— Stock $400,000
New consoL M., $600,000, gold, red. at 1 05
"l7 1891
c
5
J.
8
8
M.
313
M.
M.
M,
5
3
Minneapolis & St. Louis— Common stock
2d pref. (now 1st pref.), stock, 5 p. c, non-cum...
c*
1st M., Minn, to Merriam Jo., gold
1st mort., Merriam Junction to State Line.gold.o*
1st M. Minh.& Dul., Minn, to White B.Lake, gold.*
Iowa exten. 1st M., g.(Al. Lea to Fort Dodge)g.o*
Mort.on Southwestern exten., g. ($12,000 p.m.)c*
Paciflo extension 1st mortgage, gold
o*
First consolidated M., $5,282,000, gold
c*<fcr
1st refunding mort., $25,000,000 ($18,000 p.m.)
A
Sault
Ste.
Marie.
Common
Minn. at. Paxil
stock.
Preferred stock, 7 per cent, non-cumulative
—
in treasury
June
27
93
15
102
53
92
283
1877
1877
1877
1879
1880
1881
1894
1899
50
100
500
100
100
<fe
M.
&
&
&
&
7
i
g
J.
J.
10
M.
5 g
30, 1899.
b $200,000
perpetual lease. Control of the road was acquired by the N. Y. C
A H. R. RR. Co. in April, 1898, as stated below.
Canada Southern Contract.— In Nov., 1882, a close contract was
made with Can. So. for the operation of its road. The oontraot provided
for a re-apportionment every five years and in the re-apportionment
December, 1892, it was agreed that the Canada Southern should thereafter receive 40 per cent and the Miohigan Central 60 per oent of the
ttrst $1,000,000 of net earnings, any amount over that to be divided
as theretofore one-third to C. 8. and two-thirds to M. C; but under the
original contract each company is accorded all benefit from reduction
in its fixed charges. The M. C. to Jan. I, 1899, had reduced its charges
$328,575; this sum is therefore credited to it before the division.
Capital Stock.—The stock has remained at same amount since 1895.
Dividends. ) '83 '84 '85-86 '87-89 '90 '91 '92-94 '95 to Jan. ,'00
Per cent— ( 5
3
nil.
4 yearly 5
5 5^ y'rly
4 yearly
—
Bonds. —The Jackson Lansing <& Saginaw bonds were assumed by
Michigan Central, whioh also guarantees in perpetuity 3*2 per cent on
the stock. The Bay City <£ Battle Creek mortgage is for $1,800,000,
but amount outstanding is limited to $15,000 per mile.
The
total issue of Battle Creek & Sturgis bonds is $500,000, but
of this $79,000 was sub-guaranteed by the Lake Shore & Michigan
Southern, 7 miles of the B. C. & 8. Deing operated by that oompany
The Bay City & Battle Creek and the Battle Creek & Sturgis issues both
carry the guaranty of the Miohigan Central endorsed on the bonds.
Operations, Finances, &c—The road is operated under a close contract with Canada Southern, and the earnings of both roads are included
In the statistics below. As to division of profits between the companies, see explanation V. 64, p. 5. All betterments and improvements
to the road have been charged to operating expenses, except $70,000
set aside out of net revenue of 1898 as a special fund for construction
of second track between Ypsilanti and Dexter.
In 1898 purchase was arranged of the capital stock by the
N. Y. C. & H. R. RR. Co., which gave in exchange its 3*3 per cent
100-year gold bonds at the rate of $115 in bonds for $100 in stock.
V. 66, p. 759. In Dec. 1899, $16,189,600 of the $18,738,000 stock
had been acquired by the N. Y. C. & H. R. RR. V. 66. p. 1238.
Annual Report.— Annual meeting Thursday following first Wednesday in May. Report for 1898 in V. 68, p. 869. Preliminary statement
for 1899, V. 69, p. 1287.
Tear ending Dec. 31
1899.
1898.
1897.
1896.
$15,280,000 $14,046,149 $13,697,238 $13,821,614
*3,506,000
3.429,263
3,500,177
3,447,728
P. o op. ex. to earns..
75-08
74-83
7519
inol'g
Net,
other inc.. $3,555,000 ?3,544,854 $3,492,347 $3,468,948
184,310
184,310
184,310
FnTertt^debi:.;:: }2,414,000| 2,235,625 2,230,714
2,210,255
Can. Southern share.
303,000
300,667
296,474
282,402
New second track...
70,000
Dividends
749,520 (4)749,520 (4)749,520 (4)749,520
Gross earnings
Net earnings
!
Surplus.
$83,480
$4,732
$45,401
$28,389
Operating expenses In 1899 include cost of 10,000 tons of new 'steel
rail, $271,000 for bridges. $9C0,000 for equipment, etc.
Traffic— Of the 7,470,951 tons carried in 1895, grain contributed
8*7 per oent; bituminous coal, 10"4 p. c; anthracite, 6-8 p. c; lumber
*
and
forest produots, 20-7 p.
o.
V. 69, p.
1297, 1301.
Middletown Unionville & Water Gap RR.— (See Map JV. TSusquehanna <£ Western./— Owns from Middletown, N.Y., to Unionville,
N. J. State line, 13-65 miles. Stock, $149,850; par, $50. Controlled
through ownership of stock by New York Susquehanna & Western,
which pays interest on bonds. Principal of the second mortgage 5s,
due Dec. 1, 1896 ($250,000), was extended at same rate to 1910. In
year endiug June 30, 1899, gross, $54,402; net. $19,810; charges.
$-'2,317; bal., deficit for year, $2,507. In 1897-98, gross, $49,986; net,
$19,922.-<V. 63, p. 1010, 1159; V. 64, p. 664.)
Midland Terminal Ry.—See Denver A
Southwestern Ry., in
1899.— V. 69, p. 795, 854.
Willi Creek & Mine Hill Navigation & RR.— Mill Creek Jo. to
Broad Mtn., Pa., 3-8 miles; branch 3-3, secoud track 3-8 miles; total
track, 33 miles. Leased July 25. 1861, for 999 years to Phila. A Reading RR. and leased assumed in 1896 by Phila. & Reading Railway;
rental $33,000 and all taxes.
which merged
in
Milwaukee Renton Harbor & Columbus Ry.— Completed
(Apr., '00), Benton Harbor to Buchanan, Mich., 27 mile*, to extend to
Napanoe, Ind.. a total of *;s miles. Capital stock, $600,000; par,
$100; outstanding Apr., 1900, $270,000. On Dec. 31. 1899, bills payable, $83,767; o*r trusts, $10,300. Year ending Dec. 31, 1899. gross.
$24,709; def. under operating expenses, $1,639; int. on bonds, $20,250. President. A. A. Patterson, Jr., Benton Harbor. Mlota.; VloePres., D. H. Patterson; Auditor, Jos. W. Johnston. (V. 65, p. 572.)
.Milwaukee
<V
Lake Winnebago RR.— (See Wisconsin Central.)
Mine Hill «fc Schuylkill
Fiom Schuylkill HaveD
to Ashland and Enterprise Jet.. 46 miles; 2d track, 24 m.: total track,
148 miles. In 1897 rental reduced to 6 p. o. on stock under new lease
Haven RR.—
&
Where Payable, and by Slocks— Lai
Whom.
i-
e.
t
Dividend.
Jackson, Mich.
Jan., '00,2i2%
N. Y., Union Trust Co. May 1, 1902
do
N.
8. N.
D. N.
D.IN.
N.
N.
May
do
Y,
A
N. Y. Susq.
do
do
1. 1903
1, '00,
1%
Mar.
Y., Or. Cent. Station.
Y., Union Trust Co.
Y., Union Trust Co.
Y., Union Trust Co.
Y., Farm. L.&Tr. Co.
1901
Deo.
1989
Deo.
1989
July 10, 1907
Nov.
W.
1, 1911
June 1, 1910
Sept.
Philadelphia.
N.Y., Mercantile Tr.Co.
1,
1.
1.
Jan. '00,
5%
1947
Sept. 1,
Phila.,Offlce,119S. 4th. Jan. 15,'0O,2^
Feb.,*98, 3i*%
a'j. N. Y., Nat'l City Bank. Jan. 1, 1931
A
A
A
&
A
A
&
A
A
?*
100
100
<fe
J.
513
4,210,200
393,400
"*5"g.
340,500
6,000,000
4,000,000 4i«'in v99
455,000
950,000
g280.000
7 g7 g1,015,000
636,000
7 g.
1.382,000
6 ga5,282,000
5 g4 g7,800,000
14,000,000
7,000,000
1,000
500&C.
1,000
1,000
1,000
1,000
1,000
1,000
& J.
& N.
& N
& S.
3
—
a Of which $282,000 held
pal.WhenDi
Miles Date Size, or
Amount Rate per When
see notes
of
Par
of
Outstanding
Cent.
Payable
Road. Bonds Value.
J.
Jan. 15, '00,2ia
Jan. 1 1907
N. Y. Central Tr. Co.
J.
J.
do
do
do
do
do
do
do
do
D.
N.
D.
D.
O.
N.
S.
do
do
do
do
do
do
do
do
,
June
1
,
Jan. 1
,
June
1
Dec. 1
Apr. 1
Nov.
Men.
1
,
,
,
,
1
1927
1907
1909
1910
1921
1934
1949
.
for 999 years from Jan. 1, 1897, to Phila. A Read. Ry. Co. Dividends
paid stockholders are 2^ p. c. in Jan. and 3 p. c. in July, ig p. c. being
deduoted for taxes.— V. 63, p. 1011.
Houghton, Mich., to Calumet, Mich., 14
Mineral Range
miles, standard gauge; branches, 14 miles: total, 28 miles
History, Etc.— Operated in close connection with Hancock A Calumet
(which see.) Reorganized in 1891. In year 1895 paid dividends 10i« p.
c; in 1896, 7; 1897, 7 p. c; 1898, 3ia p. o.
Bonds.—The consolidated mortgage covers all the property, including
$250,000 of Hancock A Calumet stock, which is live-sevenths of the
whole issue; there are reserved for $13,300 old bonds $7,000 with
trustee. Loans and bills payable June 30, 1899, $218,500. Of tonnage
in 1898-9, coal was 18 p. c; lumber 16 p.o. and forest products 4 p o.
Earnings.— For year ending June 30, 1899, group, $182,584; net,
$30,750; other inoome, $1 3,200; interest, etc., $29,638; bal., surplus for
Office, 44
year, $14,311. In 1897-8, gross, $1^9,732
net, $40,049.
Wall 8treet. N. Y.
RR.—
;
Minneapolis
&
St.
Louts
RR.— (See
Map.)—Owns main
line
Minneapolis to Angus, la., 260 miles; Western Div., Hopkins to Watertown, S D., 216 miles; Kalo Branch, 1*2 miles; Lake Park Branch, li».
miles; Winthrop, Minn., to Now Ulm, Minn., 'iO miles Leasee trackage from Minneapolis to St. Paul over St. Paul & North. Pac. RR., 10
miles; total operated, 509 miles. Also owns, but leases to Bur. C. R.
& Nor., Albert Lea to Iowa State Line, 13 m; and Minneapolis to White
Bear Lake, 13 m., leased to St. Paul A Duluth.
In Feb., 1899, purchased (V. 68, p. 672.) from the Rock Island 123
miles, Morton to Watertown, So. uak., part of the 217 miles of the
unbonded Wis. Minn. & Pac. theretofore operated by Minn. & 8t.
Louis, but accounts kept separate.
Also began extending New Dim
branch through rich grain and live-stock country to 111. Ct-ntral RR. at
Storm Lake, la., 140 miles, expected to be completed by tire spring
of 1900. V. 68, p. 130. See Minneapolis terminals in V. 65, p. 732.
History.— A reorganization in Oct., 1894, per plan in V. 59, p. 371,
of Railway foreclosed under improvement and equipment mortgage.
Stock.— The capital stock is, common, $6,000,000; preferred, 5 p. c,
non-cumulative, $4,000,000. All classes of stock have equal voting
power. The $2,£ 00,000 first pref. was paid off at par on June 1, 1899.
Dividends.— On preferred non-cum.: In 1896. 3 p. c.; in 1897,
3 p. c; in 1898. 3^ p. 0.; in 1899, 4^ p. c; in 1900, Jan., 2^ p. c.
Bonds, Etc.—Bonds issued under the mortgage due June, 1927, numbered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by the Burl. Cedar Rapids & Northern RR.
As
to first consol.
mortgage
(see abstract V. 59, p.
funding mortgage of 1899 limits the issue of
first
The
1145.)
re-
consols to $5,282,-
•*«£
000, the amount now issued.
First refunding mortgage of 1899 is for $25,000,000, of whicn
$5, 00,000 sold as below stated, $2,500,000 issued to retire 1st pref.
stoek at par June 1, 1899, $10,000,000 reserved to retire underlying
bonds and $7,200,000 for future extensions, improvements, etc,
under severe restrictions. On completion in 1899 of the extension of
the New Ulm branch, the mortgage will be a ttrst lien on 283 miles of
road, etc., and a blanket lien on rest of company's property. V. 68, p.
187, 332. See full particulars in application to list, V. 69, p. 32.
General Finances.— In Jan., 1899, sold $5, 100,000 of new4s to purchase 123 miles of road and to build and equip 140 miles extension of
New Ulm branch—see above and V. 68, p. 130, 187, 332.
Earnings— 8 mos., > 1899-0
Gross, $1,926,131 net. $807,645
July 1 to Feb. 28. >
98-9
net, 669,471
Gross, 1,588,781
Net earnings (Nov. and Deo. estimated) for 6 mos. ending Dec. 31,
1899, were $746,211; int. on bonds, $446,^70; div. on prer., 2^a p. 0.,
$100,000; balance, surplus, $199,941.— V. 69, p. 1244.
Annual Report.— Fiscal year ends June 30. Report for 1898-99 wan
given at length in V. 69, p. 901, 911. See also editorial p. 877.
1897-91896-97.
Earnings—
1898-99.
1
—
;
U
;
Passengers
Freight
Mail, express, &c
Total
Net over taxes
Other income
Total net income
Interest paid
Dividends
Bal. surplus for year
Pres., (elected Oct., 1899),
$494,031
$457,4S0
$412,085
1,860,258
145,715
1,650,508
138,593
1,469,070
125,350
$2,500,004
$977,299
140,903
$2.2-1 6. :.si
$2,006,505
$87-.t;t
.">
112,703
96,949
$1,118,202
659,540
294,583
9991,368
265,000
$904,326
580.540
245,000
$164,080
8145,828
$78,786
580,;".
10
Edwin Hawley. V. 69. p .901. 91 1. 1244.
Paul Sc Sault Ste. IMarie Ry.— Owns Minne-
Minneapolis St.
apolis to Sault Ste. Marie, Mich.. 490 miles branches, 32 miles; from
Nlinneapolis northwest to Kulm, No. Dak., 308 miles; Hankinson to
International Boundary Line. No. Dak.. 344 miles trackage in MinneIn Oct., 1899. extenapolis. St. Paul, etc.. 20 miles total, 1,195 miles
sion from Kulm. N.D., to Wishek. about 77 miles, in operation, and
;
;
;
being completed towards Bismarck.
History.— Formed Jime, 1888. bv consolidation of the Minneapolis
Sault Ste. Marie A Atlantic, the Minneapolis A I'aoitie, etc. (See V.
92
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
RAILBOAD STOCKS AND BONDS.
April, 1900.
»3
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTERE8T OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal, When Due.
Amount
per
When
Rate
Where
Payable,
and
of
Par
by Stocks— Last
of
For explanation of column headings, Ac, see notes
Outstanding
Cent.
Payable|
Whom.
Road.i
Bonds
Value.
tables.
Dividend.
on first page of
I
j
Minn. SI. Paul <& Sault Ste. Marie— {Concluded
Minn. Sault Ste. Marie & Atlantic 1st M. gold..c
Minneapolis A Pacific. 1st mort., $15,000 p. m..c"
.
Consol. M., gold,
int.
guar, (end.)— See text
c*
495
286
1,252
M. S.P.A8.S. M. 2d M. $5,000,000, g., int. gu..« e 1,252
Car trusts Dec. 1, 1899
Minnesota Transfei 1st mort.— ($462,000 are 4slc
20
Miss.Oolesb.dtMan.Ry — lstM.g.,$2<>0,0008.f. IR.c*
Miss. River Hamb. ds W.— 1st M., gold, $400,O00..
40
Missouri Kansas & Texas — Common stock
Preferred stock, 4 per cent non-cumulative
Tebo. A Neosho 1st mort., gold, s. f., red. at 100..
100
M. K. &T. 1st mortgage, gold, Ce
1,601
2d M. (formerly incomes), see text, gold Me... 1,601
1st M. extension bonds, gold. $20,000 p. m...c*
Mo. K. & Eastern IstM., $4,000,000 g., assumed.
162
162
2d M.. $500,000 gold, guar., assumed
Kan. City& Pacific 1st mort., gold
125
c
Guaranteed bonds—
Dallas A Waco lstM.,$20,000p.m.,g.,p.&i. gu.o*
67
M.K.&T. in TexaslstM.,$20,000p.m., gold, gu.c* 132
—
Booneville Bridge,lstM.. gold., gu., dr'n at 100. c*
—
Quar. bonds of companies operafd separately
Sh.Sh.ASo.l8tM.,$20,OOOp.m.g.,gu.,p.&i.(end.)o*
8. W. Coal A Imp. 1st M. guar. p. & i. end. s. f in '99.
Missouri Midland Ry. -1st mortgage, gold. SSt.
JUissotiri Pacific— Stock, $55,000,000 authorized.
Pao. RR. of Mo. 1st mort., extended in 1888, gold
2d mort. ext. in 1891 in gold, St. L. to K. C..o*
1st M., St. Louis real estate, ext. in 1892, gold.
1st M. Carondelet Br., g., gu. p. A i.(end.)ext.'93
3d M. (cover'g all property of Pacific RR. of Mo.
.
46, pp. 538, 609.)
155
"*9
1880
1886
1888
1899
1886
1899
1897
j
$1,000
1,000
1,000
1,000
1,000
i,o(io
1,000
100
100
1870
1,000
1890 500 Ac.
1890 500 Ac.
1894
1,000
1892
1,000
1892
1,000
1890
1,000
1890
1892
1873
1893
1889
1899
1,000
1,000
$&£
*13
296
1868
1,000
1871
1,000
1872 500 &c.
1873
500
1876
1,000
Controlled by Canadian Pacific, which Jan.
1,
1899,
owned $7,066,600 common and $3,533,400 pref. stock, etc.
Bonds.— Can. Pac. guarantees by endorsement 4 per cent interest on
all the bonds assenting to a reduction of interest to 4 per cent.
(See
Pac. bonds
V. 50, p. 784; V. 51, p. 239. About one half the Minn.
and practically all of the other issues assented. V. 54, p. 799.)
Abstract of Hinneapolis Sault Ste Marie & Atlantic mortgage in V. 45,
p. 243. The consol. mortgage of 1888 (trustee, Central Trust Co., mort
gage abstract Chronicle, v. 47, p. 142), was for $21,000,000 on 800
miles (sufficient of this amount being reserved to retire the prior
bonds) and for $20,000 per mile on all additional mileage.
Of the $5,000,000 2(1 4s of 1899 $3,500,000 were issued to take
up certain maturing interest-bearing obligations and current capital
expenditures and for equipping of terminals and additions, the remaining $1,500,000 to be issued hereafter from time to time only as
required— V. 68, p. 669, 771. 977.
Latest Earnings.— 8 mos. > 1899-0. Gross, $3,425,627; net, $1,769,229
July 1 to Feb. 28.
$ 1898-9 Gross,
2,898,998; net, 1,224,358
Earnings.— In 1898-99, gross, $4,413,312, net, $1,709,279; other income, $2,625; rentals, #126,289; interest, $1,210,557; surplus, $375,058. (V. 68, p. 977; V. 69, p. 906.)
Minnesota Transfer Ry.—A union road, owning 14 miles, extending from junction with Chic. Mil. & St. Paul at Merriam Park to
Fridley (with stock yards, etc.); side tracks about 42 miles; total 56
miles. In 1898 purchased New Brighton stock yards and Minnesota
Belt Ry. A Transfer Line, 11 miles long, issuing $400,000 4s therefor.
(V. 67, p. 956 ) Has $63,000 capital stock, equally owned by:
Chicago Milwaukee & St. Paul, Northern Pacific, Chicago St. Paul Minn. &
Omaha, VlnneapoliH & St. Louis, Wisconsin Central, Chicago Burlington*
Quincy, Great Nortb., Chic Great Western and Minn. St. Paul & Sault Ste. Marie.
Additional bonds can be issued for property and improvements as
required. Principal onlv is payable in gold. Mortgage trustee, St.
Paul Trust Co., St. Paul, Minn.— (V. 66, p. 1238; V. 67 p. 956.)
&
Mississippi Colesburg
Ac
Manchester Ry.— Under
Hamburg
Mississippi River
A; Western.— Hamburg to Luna>
Ark., 41 miles. Completed in July, 1899. Stock. $400,000; all issued.
Par of chares $100. President. L. A. Cole, 100 William St., New York.
Missouri Kansas &: Texas Ry.— (See Map.)— Road.— Operates a
line with northern termini at St. Louis, Kansas City and Hannibal,
Mo., extending southerly across the Indian Territory and the Texas cotton belt to tidewater at Galveston, on the Gulf of Mexico. It embraces
Miles,
Hannibal, Mo., via Denison &
Whitesboro, to Henrietta.. 689
Juno. City, Kan., to Parsons. 158
Texas Jet. to Franklin Jet.
162
Ft. Worth to Houston, Tex.. 327
Paola, Kan., to Sedalia, Mo..
86
Paola to Stevens, etc
150
Branches ( 1 0) to Mlneola, etc 443
.
—
Operated not owned.
Miles.
Henrietta to Wichita
18
Operated jointly.
St. Louis to Texas Junction..
24
Kansas City to Paola
43
Whitesboro to Ft. Worth
71
Galveston Hous. A Hend
50
Total operated
2,221
Operated separately.
Sherman Shrev. A SouthernTotal owned
1,865
J ffers ntoGreenv.,Tex..&c 155
Organization, Ac.— Reorganized in 1890, without foreclosure, [plan
In V. 49, p. 719,] the old first mortgage being paid off at par.
The entire capital stock of the " M. K. A T. Railway Co. of Texas "
Is deposited with Central Trust Co.
as trustee for the benefit of
the M. K. & T. security holders. (V. 54. p. 1047 V. 55, p. 298.) M. K.
A Eastern was absorbed in June, 1896.— V. 63, p. 30.
Purchase of Sherman Shreveport A Southern was authorized in
May, 1899. on condition that the road be extended from Jefferson,
Texas, to Wascom. 30 miles, under construction in Apr., 1900), and
from San Marcus to San Antonio, 50 miles, witnin two years. V. 68,
p. 977. In Oct 1899. acquired K. C. Eldorado & So. Ry. V. 70, p. 76.
Land Grant.— Land grant in Indian Territory 3,110,400 acres, subject to extinguishment of Indian title. For status in 1897 ami 1898,
•ee V. 67, p. 222 V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p. 1155.)
Stock. -Besides stock as above the Boonville RR. Bridge Co. has
$1,000,000 stock; and the M. K. A T. of Texas has $2,012,500 of stock
Included by M. K. AT. in its balance sheet in the outstanding capital.
Common stock was inoreased from $52,450,000 to $54,950,000 in
1900 to absorb Kan. City A Pac. Ry. V. 69, p. 1148, 1346; V. 70, p. 76.
Bonds.— M. K. A. T. 1st and 2d mortgages of 1890 [abstract in V.
51, p. 495] cover line from Hannibal, Mo., to a point 80 miles from
Houston, Tex., 941 miles (except 71 miles of trackage) and sundry
branohes, the total mileage mortgaged being 1,601 miles, inoluding the
Sherman Shreveport A So., formerly the East Line A Red River RR.
The bonds of the bher. Shr. A So., except $1,050,000 [turned over to M.
K. AT. for standard-gauging the line] are deposited as part security
for the aforesaid mortgages. These mortgages also cover the right to
the land grant in the Iudlan Territory. Firsts are reserved for T. A N.
firsts; on Stock Exchange to Jan.. '00.
$39,718,000 had been listed,
Payment of interest on the second mortgage of 1890 is obligatory since
the coupon of Aug. 1, 1895; previously it received 2
p. o. Interest yearly.
,
,
;
,
;
J.
(5) J.
g. J.
J.
A5
5
F.
J.
g.
5g. M.
7
4
4
5
5
5
g.
gg.
g.
g.
g.
4g5
5
g.
g.
7g.
1,100,000
5
9^8,000
142,000
47,448,650
7,000,000
2,573,000
800,000
237,500
3,828,000
6
g.
5 g.
4
g.
5g.
5g.
4>a g.
7
&
A
A
&
A
&
A
A
A
A
M. &
A. &
A. &
F. A
M. &
M. A
M. &
J. &
J. A
J. A
F. &
J. A
M. A
A. &
M. &
J.
J.
F.
J. N. Y., B'k of
do
J.
do
J.
J
do
Montreal
do
do
do
New York A Chicago.
A. lstN.B'k.«t.Paul,Minn.
Boston.
J
N.
N. Y., Col. Trust Co.
D. N. Y. Office, 45 Wall
D.
do
do
A.
do
do
N.
do
do
O.
O.
A.
N.
8.
N.
D.
J.
J.
A.
J.
N.
O.
N.
July
Jan.
July
Jan.
I
1903
Aug.
July
Nov.
June
June
June
1926
1936
1938
1949
A 1907
1, 1916
1, 1919
1, 1917
1,
1,
1,
1,
do
do
do
do
do
do
Apr.
Apr.
1,
1,
1,
1,
1,
1,
Aug.
1,
1903
1990
1998
1944
1942
1942
1990
do
do
do
do
do
do
Nov.
1,
Sept. 1,
1,
1940
1942
1906
do
do
do
do
June
1943
St.
Nov.
May
St. Louis, Mo.
N. Y., Mercantile Tr. Co.
do
do
do
do
do
do
do
do
do
do
1,
July 1, 1929
July 1, 1949
July 15, 1891
Aug. 1, 193a
July 1, 1938
May
Oct.
Nov.
1,
1,
1,
1938
1938
1906
The Missouri Kansas
dh Eastern bonds originally guaranteed were
June, 1896, the road forming the St. Louis extension from
Franklin, Mo., to Texas Junction, Mo.. 162 miles. See V. 63, p. 30.
Guaranties.— Lnterest is guar, on Booneville Bridge 7s, and principal and interest on Dallas A Waco bonds (issue limited to $1,340,000).
The M. K. <t T. in Texas in August, 1892, filed a mortgage to seoure
$10,000,000 of bonds at $20,000 per mile for extensions in Texas.
They are guaranteed principal and interest and are so endorsed; trustee Central Trust Co. See above, and guaranty V. 56, p. 604.
The Sherman Shreveport dh Southern mortgage is for $6,100,000 at
not exceeding $20,000 per mile; authorized, $3,100,000, of which
$2,000,000 pledged under the M. K. AT. mortgage of 1890. Form ot
guaranty, V. 70. p. 329.
The Southwestern Goal dS Improvement Oo.'s bonds are guaranteed.
Mortgage ($1,000,000) covers the coal on 51,000 acres in Indian Territory, and the company also owns 2,350 acres additional, the Denison A Washita Ry., 15 miles, mines in active operation, etc.
Equipment Notes.— On Oct. 31, 1899, these aggregated $1,277,118,
payable part yearly till Aug., 1905. On Sept. 5, 1899, arranged
to spend $1,000,000 for equipment during the year. V. 70, p. 39.
Latest Earnings.— 8 months ending Feb. 28
Gross.
Balance,
Net.
Charges.
1899-00
$2,682,551
$2,301,837
$560,714
$9,063,279
1898-99
3,179,796
2,285,274
894,522
8,677,658
Annual Report.— Fiscal year ends June 30. Annual meeting first
Thursday after first Monday in April. Report for 1898-99 in V. 69,
p. 643. The $20,000,000 2d mort., which previously received 2 p. o.
yearly ($400,000), became fixed interest charge at 4 p. o. Aug. 1, 1895.
Year end. June 30.—
1899.
1898.
1897.
1896.
Aver.miles operated..
2,200
2,197
2,197
2,147
Passenger earnings. $1,943,123 $1,919,556 $1,818,188 $2\071,406
Freight
9,394,922
9,559,000
9,107,207
8,388,544
Mail, express, etc...
592,289
568,680
552,919
577,036
assumed
in
:
construc-
tion in Jan., 1900, from Dyersville to Colesburg. ia., 20 miles. Stock
authorized, $1 00,01 0; outstanding, Jan., 1900, $10,000. Pres., James
Prentice; Sec, W. C. Kirchbeck; Treas., Geo. H. Klaus.
Road owned.
4
434,000
1,000
1,000
A5
4
4g.
1,340,000
2,685,000
"Too
283
283
4g.
4
$8,239,000
3,107,000
18,162,000
3.500,000
801,808
1 ,366,000
NoneJan.'OO
400,000
54,950,000
13,000,000
187.000
39,813,000
20,000,000
1,498,000
4,000,000
500,000
2,500,000
Gross earnings.. ..$11,930,334 $12,047,237 $11,478,314 $11,036,987
Ope. exp. and taxes.
8,012.829
8,182,388
8,337,399
7,704,100
Nefearn.,ino.oth.in.Ti$3,979,093 fl $3,933,939 tf$3, 277,915
Interest on bonds..
3,063,593
3,061,760
3,061,760
Rentals.. Ac
366,817
397,422
365,507
Balance
Ti
sr.$548,683 sr.$174,758 def.$149,352
$61,588 In 1899 and $69,090 in 1898.
$3,332,887
2,983,960
332,534
sr.$16,393
(V. 70, p. 39, 76.)
Missouri Pacific Ry.— (See Map.)— Operates Important system
of
roads extending westerly and southwesterly from St. Louis, Mo., including main lines from St. Louis to Omaha, Neb., 495 miles, and from
Kansas City to Denver, Col., 758 miles, with many branohes in Kansas, etc. Through the St. Louis Iron Mt. A Southern, which it controls,
connection is had with Texas and the lines of the Texas A Pacific,
International A Great Northern and the St. Louis Southwestern, the
whole forming what is known as the " Gould System," in whioh the
heirs of Jay Gould are lately interested (see list of Mr. Gould's holdings, V. 60, p. 83.) The Mo. Pao. property includes
Lines owned and controlled. Miles. Leased lines and trackage. Miles.
St. Louis to Omaha
495 Boonville St. L. A Southern... 44
Pleasant Hill to Joplin, Mo.. 133 Verd. Valley Ind. A West
81
12 branches owned
450 Leroy A Caney Valley
52
Proprietary lines [entire st'ck
Kansas City A 8.
48
own'djform'gline to Pueblo,
Trackage to St. Joseph, etc
27
Col., etc
1,833
Total Mo. Pacific and branch lines
3.163
Also owns all capital stock of Central Branch Union Pac. etc.. 388 m.;
St. Louis Iron Mountain A Southern and leased lines, 1.773 miles.
Grand total Missouri Paoiflc mileage January 1. 1900. 5,324 miles. In
Feb., 1900, extension from Bagnell, Mo., to Springfield, reported to be
proposed. In Mar., 1900. extension from Cornell, KaD., to Webb City,
Mo., 20 miles reported under construction.
Organization, Leases, Ac—The Paoiflo RR. of Missouri was sold ia
foreclosure September 6, 1876. The present company was a consolidation In August, 1880, embracing the Missouri Pacific and minor roads.
The bonds of the proprietary lines are practically all pledged to secure
Mo. Pacific loans. The Iron Mountain stock is mostly owned by the
Missouri Pacific Control of the International A Oreat Northern
was seoured in 1892 and of Central Br. U P. in 1898. In 1899 arrangements were made for purchase of Atchison Colorado A Pacifio
Mini At Jewell County A West (included witli Central Branch U. P.
mileage above), see V. 68, p. 329, 520. As to Texas A Pac, see below.
Dividends— ) 1881. '82. *83to'87. *88. '89. '90. '91. None
Percent... $
3
sinoe.
5»4
4
4
6
7 yearly.
6k
Bonds.— The consolidated mortgage is for $30.000,000— trustees John
F. Dillon and Edward D. Adams— the balanoe unissued is in trust to
redeem prior bonds due if deemed best. Abstract in V. 47, p. 237.
The collateral trust bonds due 1917 (Union Trust Company of New
York, trustee) are secured by mortgage bonds of new roads at $1 *> 000
or $15,000 per mile; these embracing the line from Fort Scott. Kan.
to Puehlo.Col etc For securities pledged, etc, see V. 46 ,p.678.
W
.
94
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
April,
1600.]
RAILROAD STOCKS AND BONDS
»5
«6
INVESTORS'
SUPPLEMENT.
[Vol.
LXX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered in tbese Tables.
Bonds— PrinciRAILROADS.
INTEREST OR DIVIDENDS.
For explanation of column headings,
on first page of tables.
&o., see notes
Missouri Pacific— ( Concluded)—
Mo. Pacific 1st M., Lexington to Sedalia, Mo, gold
55
Consolidated mortgage, $30,000,000, gold...e* 1,076
Gold collateral trust
o*«fer 1,120
I st collateral mort. bonds for $10,000,000 gold o*
671
Gold funding notes red. at par..V. 62, p. 548. ..c
"52
Ler. ACaney Val.lst M. ($10,000 p.ni.),gold.,gu.o*
Verdigris Val. Independence & W. 1st M.,g.,guar.
81
.
M sxouri Pacific System—
St.
Lotiis Iron. Mt.
<t
Date
or
Amount Rate per When Where
Par
Payable, and by
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
Miles
of
Size,
1880 $500&e.
1,000
1880
1887
1,000
1890
1,000
1895
1886
1,000
1886
1,000
$650,000
14,904,000
14,376,000
7,000,000
6,712,000
520,000
806,000
&
&
&
F. &
M. &
J. &
M. &
A. &
A. &
J. &
M. &
F.
6
£
M.
M.
g.
g
-
g
-
K g>
f
5
g.
So.
StL<-IMRR.gen.oon.*l.g.M($45,000,000)g,Me.c* 1,428 •81tO'7 1,000 a35,749,000
Do
do
gold, stamped, guar. p. <fe i..c* 1,428
1,000
ft
6,956,000
K.
Unified & ref. M., gold, $40,000,000.
1899
1,000
c* 1,428
19,014,000
g
Gold funding notes, redeemable at par
i
1895
o
4,723,000
g
Car trusts Jan., 1900, due 10 per cent yearly...
516,000
i
Baring Cross BridgeCo., 1st m.,gold,red. to 6p.c.
1873
200,000
6
Little Rock & Ft. Smith 1st M.,land gr. sink.fund..
165 1875 500 &C.
2,342,500
7
Little Rock Juno. 1st M., guar. p.& i.by Iron Mt..o*
2 1891
1,000
435,000
6
Mobile <& Lirmmgh. RR.—Pret. stock (.$900,000)
100
900,000 See text.
Prior lien, gold, $600,000
Ce.c 149 1895 2oo, 1,000
600,000
5 g.
Mort., incomes,4% to July 1,'99, $1,200,000. We.
149 1895 soo, 1,000
1,200,000 2 in 1898
Mobile Jackson <£ K.
1st M..g., $4,000,000.0. c*&r
50 1896
1,000
1,000,000
5 g.
M>bile <£ Ohio— Stock ($10,000,000 authorized) gold
l'OO
5,320,600 See text.
1st M. ,Mob. to Col. (prin.gold.int. lawful money) .c*
472 1879 500 &c
7,000,000
6
1st mort. exten. ,Colum. to Cairo & branch, gold c*
55 1883
1,000
1,000,000
6g.
General mort. for $10,500,000, (now gold) s. f...o 527 1888 500 &0
9,547,000
4 g.
Montgomery Div., 1st mort.. $4,000,000, gold, .c* 189 1897 1,000
4,000,000
5
Collat. trust, gold, ($2,500,000) call at par G.c*
1.000
1900
(?)
4g.
St. Louis & Cairo 1st mort., gold, int. guar
iei 1886 500&C
c
4,000,000
4 g.
Mobile & B.Sh.lst M., $200,000, gu.,p.&i..g.F.o*
38 1899 500 &c
200,000
5 g.
Equipment bonds ($492,000 are 6s)
94-'98 1,000
5-6
726.000
AfoA. <0/aJo?ie-lstM.,$15,OOOp.m.,g.,gu.p.«fei.(en.)c*
1,000
i¥i 1892
2,500,000
4g.
Income bonds non-cum., 5 per cent (see text)
1892
1,000
3.900,000 Up to 5
a Only $35.716,000 of this listed on N. Y. Stock Exchange in April, 1900.
Mp
-
i
-
A. N. Y., Mercantile Tr. Co.
N.
do
do
8.
A.
S.
J.
S.
O.
O.
J.
S.
Quar'ly.
I
& J.
& O.
T. & J.
J. & J.
J. & D.
J. & D.
Q.— Jan.
M. & S.
F. & A
C—
,
pal, When
of
.
J.
A.
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
N. Y.,J.
Due.
Stocks— Last
Dividend.
Aug.
Nov.
Jan.
Aug.
Mar.
July
Mar.
1(
1,
1,
1,
1,
1,
1,
1920
1920
1917
1920
1905
1926
1926
Apr.
Apr.
July
1.
1,
1.
1,
19? 1
P.Morgan&Co. July
1,
1945
1931
1929
Mar.
1905
1900-1905
Apr. 19, 1893
Jan. 1, 1905
Apr. 1, 1916
July 1, 1945
do
N. Y., Central Trust Co. June 1, 1946
N. Y. Office", 11 Pine St. Feb. 28, '98,1%
N. Y., Farm. L. & Tr. Co. Dee. 1, 1927
July 1, 1927
do
do
N. Y., Gallatin Nat. Bk. Sept. 1, 19S8
do
N. Y.. Central Tr. Co.
Q. - F.
New York.
Feb. 1, 1947
May
1930
1,
N. Y.. Farm. L. & Tr. Co. Jan. 1, 19b 1
M. & N. 1st Nat. Bk.,Mobile,Ala May 1, 1949
Various, N. Y.,Farm.L. &Tr.Co Apr. 1, 1908
M. & 8. N. Y., Knickerb. Tr. Co. Sept. 1, 1991
Sept. 1. N. Y. Of., when earned. Sept. 1, 1992
J.
<fc
J.
I
As to collateral trust bonds due in 1920, see V. 50, p. 669, 874. On
Dec. 31, 1899, $2,636,000 were held pledged for Missouri Pacific funding notes of 1895 and $7,000,000 were outstanding.
General Finances.— In Mar., 1900, $22,080,000 of the $23,172,588
Texas & Pacific 2ds had been exchanged for 65 per cent in a new St.
L. & I. M. bond. (V. 68, p. 283, 619, 725, 774.)
Earnings.— Jan. 1 to April 14 (3*2 months), gross of Mo. Pacific and
8t. L. I. M. & 80. combined, $7,978,032 in 19t0; $7,090,727 in 1899.
Annual Report.— Fiscal year ends Dec. 31. Annual meeting is held
at 8t. Louis in March. Report for 1899 was in V. 70, p. 527. Earnings
of Missouri Pacific system have been as below. "Other income" in
1899 includes Dividends American Refrigerator Transit Co., $25,729,
Pacific Express Co., $144,000; premium from sale of bonds. $860,000;
int. on funding notes, $24,750; sleeping car earnings, $84,121.
If- 99.
1898.
1897.
Milesoperated
4.938
4,938
4,938
Total earnings
$28,079,820
$26,744,822
$24,805,451
Net earnings
8,447,707
7,572,254
7,351,340
Ratio exp. to earns
(69*915)
(71-687)
(70-364)
Other income, &c
1,914,328
835,435
826,271
Year ending Dec.
Gross earnings
Net earnings
Other receipts
Total net income
Total net Income
Interest paid on bonds.
Rentals and taxes
$360,295; net, $78,593;
:
$1 0,362,035
$5,696,750
1,412,441
Sundry accounts
2,096,172
Divs.onSt.L&I.M.&So.stk
515,745
..
$8,407,689
$5,346,195
1,410,817
470,778
$8,177,611
$5,437,288
1,408,899
836,303
Balance
sur.$640,927 sur.$l, 179,899
sur.$495,121
Excluding Iron Mountain and other auxiliaries, the report shows
Tear ending Dec. 31—
1899.
1898.
1897.
Miles operated December 31
3.164
3,164
3,164
Passenger earnings
$1,988,769 $2,546,490 $2,108,955
:
Freight
Mail, express
and miscellaneous
7,378,966
1,791,991
9,691,742
1,873,045
9,128,663
1,747,547
Grops earnings
Net earnings
$11,159,726 $14,111,277 $12,985,165
$3,099,027 $3,269,287 $3,246,934
Dividends, interest, &c, received.
1,236,375
790,580
787,852
Total net income
Interest on bonds
Taxes, rentals, &o
Balance for vear
$4,335,402 $4,059,867
$3,058,438 $3,058,438
877,092
993,782
sur.$399,872
sur.$7,647
$4,034,786
$3,058,437
882,534
sur.$93,815
—V. 68, p. 824, 1025; V. 69, p. 27, 133; V. 70, p. 328, 527, 532.
Missouri Pacific System— St. Louis Iron mountain &,
v>u titer 11 By.- (See Map.)— Owns St. Louis to Texarkana, Tex. Line.
490m.; oranches to Belniont,Mo., Bird's Pt., Mo. (Cairo), Camden, Ark,,
Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark., Memphis, Tenn., &c, 747 miles; Houston Central Arkansas & Northern Railway, McGehee, Ark., to Alexandria. La., 190 miles; total owned January 1, 1900, 1,427 miles. Leases Little Rock & Fort Smith and Little
Rock Junction railroads, 176 miles; Kansas & Arkansas Valley RR.,
170 miles. Total operated December 31, 1900. 1,773 miles
In Mar., 1900, holders of $22,080,000 of the $23,172,588 Texas &
Pacific seconds exchanged their bonds for 65 per cent in new Iron
Mtn. gold 4s bearine interest from July 1, 1899. See Bonds below.
V. 68, p. 329, 380, 474, 520. 572, 619, 725, 774.)
Stock.— Stock was $25,787,730, of which $25,732,935 Jan. 1, 1900,
was >wned by Missouri Pacific—mostly acquired in 1881. The stockholders voted June 26. 1899, to inerease the stock to $80 000,000 and
also to authorize the new $40,000,000 4 p. c. gold mort. V. b9, p 27.
Bonds.— General consol. mort. is for $45,000,000, Nos. 11,001 to 18,000 Inclusive are endorsed with the Missouri Pacific's guaranty of principal and interest form of guaranty was in V. 56, p. 650. In Jan., 1899,
$12,500,000 gen. consol. 5s were sold, the proceeds being used towards
the retirement of a like amount of underlying bonds called and paid
at 105 on or before Aug. 1, 1899, leaving the gen. 1st consols a first
lien on the entire system. (V. 68. p. 85, v33, 520.)
The new gold 4s of 1899 (first issue $30,000,000) may be increased
;
not over $10,000,000, at $12,(00 per mile, for construction or
acquisition and equipment of branches and extensions. They will be
secured by a lien (subject only to the general consols on all the railroads. Terminals and equipment of the company, and also a first and
only lien on all stocks and bonds now embraced in the trust of the
gold funding note indenture upon satisfaction thereof, all leased and
branch lines, or their bonds and stocks acquired by the loan, and all
Texas & Pacific seconds acquired, and all future extensions and
branches constructed or acquired.
Of the $30,000,000 at present authorized $D ,250,000 were issuable to retire the entire
issue of Texas <fe Pacific seconds, and $12,114,000 to retire at once
$3,952,000 gold funding notes and $3,412,000 Kansas & Arkansas
Valley 1st 5s, and also eventually $2,596,000 Little Rock & Ft. Smith
bonds, $435,000 Little Rock Junction 1st 6s, $683,000 car trusts, and
$20i\000 Baring tross Bridge bonds and the balance, $1,636,000
available for improvements. (V. 68, p. 619; V. 69, p. 27.)
Annual Report.— Report for 1899 in V. 70, p. 528, showed:
31—
1899.
1898.
$13,806,118 $12,633,545
5,029,581
4,302,966
997,051
44,856
4,347,822
6,026,632
Interest on bonds
2,638,313
2,287,758
Taxes, bridge exp., rent'ls, &o.
887,821
3,147,264
Balance for year
1897.
$11,820,285
4,104,405
38,415
4,142,822
2,378,850
1,362,667
sur.$241,055 sur.$l,172,243 sur.$401,304
—V. 68, p. 572, 619,824, 1025; V. 69, p. 27; V. 70, p. 329.
Mobile 6c Birmingham Kit.— Mobile to Marion Junction, Ala.
149 miles; opened in July, 1888. Leased to Southern Ry. from June 1
1899, for 99 years, the latter agreeing to meet the interest on bonds,
and to guarantee a dividend on the $900,000 preferred stock of 1
per cent for first year, 2 per cent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock is owned by Southern Ry. V. 68, p. 429, 1134;
V. 69, p. 391. Reorganized after foreclosure in '95 per plan V. 60, p. 657.
Earnings.— 11 months. > 1898 9
Gross, $3f>9,'226; net, $86,639
July 1 to May 31.
Gross, 336,886; net, 76,247
$1897-8
Annual Report.— Report for 1897-8, in V. 67, p. 1 306, shows gross
Mobile Jackson
Si.
int.,
$54,000.
(V. 68, p. 429, 1134.
Kansas City KB.— Projected
from Mobile.
Ala., northwesterly. In Apr., 1900, 50 miles from Mobile to Merrill
were in operation, ou which $1,000,000 of bonds had been issued.
Stock is $4,000,000. Bonds limited to $20,000 per mile.— V. 70, p.
687. For year ending June 30, 1899 (50 miles), gross, $S3.489; net,
$26,810; charges, $29,668. Pres., F. B. Merrill.— V. 70, p. 687.
(See Map.)— Owns from Mobile, Ala., to Co.
Ohio
Mobile
lumbus, Ky., 472 miles, proprietary line, Kentucky &. Tennessee RR.
CoCairo,
21
miles;
branches
to Columbus, Miss., &c, 34 miles
to E.
lumbus, Miss., to Montgomery, Ala., 167 miles; with Warrior Branch,
9 miles, and Blocton Branch, 12 miles; total owned, 715 miles; St. Louis
Cairo (leased), Cairo to St. Louis, 152 miles, with branch to
Millstadt, 9 miles; total operated, 876 miles. On Dec.l, 1899, the Mobile
& Bay Shore Ry., whose entire stock is owned and bonds guaranteed,
was completed from Pritchards to Portersville on the Gulf of Mexico
and Alabama Port, a distance of 38 mil^s. (V. 69, p. 856.) In Mar.,
1900. extensions from Selma, Ala., to Billings, 30 miles, and from
Ceuterville to Birmingham, 45 miles, reported to be proposed.
History, Etc.— Opened in 1861 ; securities readjusted in 1879.
Lands June 30, 1899, were 387,992 acres, valued at $216,782.
&
RR.—
;
&
General Finances.— The "Montgomery
Division" from Columbus,
Ala., 167*2 miles, with branches, 21-3 miles,
has been completely operated as part of M. & O. RR. system since
July 1, 1899, $1,000,000 bonds having been issued there or— see V.
65, p. 736, and V. 66, p. 709. 1045; also V. 69, p. 332. Bills payable
and loans June 30, 1899, $40,000. As to acquisition of St. Louis &
Cairo stock in 1900, see " Bonds " below.
Miss., to
Montgomery,
Dividends—First div. (1 p. c.) paid Feb. 28, 1898.— V. 66, p. 184.
Stock.— Stock authorized, $10,000,000; outstanding, $5,320,600;
par, $100. The voting power on $4,967,200 of the stock is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debentures of 1879, upon whioh
this voting power was conferred.
Bonds.— Under the general mortgage of 1888 (trustee, Farmers' Loan
& Trust Co.) there can be no foreclosure till four coupons are in default.
In May, 1895, the entire issue was made payable in gold. V. 60, p. 967.
Of the $10,500,000 authorized, the amount canceled by sinking fund
to June 30, 1899, was $953,000 and $5,400 in trust. Mortgage abInterest on $4,000,000 St. Louis & Cairo 4s is
stract, V. 47, p. 83.
guaranteed. As to Mont. Div. 1 st 5s, see application.— V. 66, p. 1045.
Of the $2,500,000 collateral trust 4s of 1900, $1,950,000 will be issued in exchange for the $6,500,000 St. Louis & Cairo stock on the
basis of 30 per cent of bonds for par of the stock; the residue of the
loan will be issuable only for additional property and equipment. All
dividends on St. Louis & Cairo stock in excess of amjuut required to
be paid as interest on the outstanding bonds is to be paid into a sinking fund for the redemption of the bonds.— V. 70, p. 532.
Earnings— Statement for 6 mos. ending Dec. 31, 1899, on entire
line (876 miles) in V. 70, p. 277, showed: Gross earnings, $3,097,691;
net over operating expenses, taxes and insurance, $1,070,966; fixed
charges, rentals and iuterest, $701,678; paid for improvements, $165,514; balance, surplus, $203,774.
Report.— Report for 1898-99 at length in V. 69, p. 848, 855, showing, exclusive of Montgomery Division:
1898.
1897.
1896.
Tear end'g June 30— 1899.
Total gross earnings. $4,531,153 $4,207,319 $3,867,858 $3,619,071
1,300,745
1,293,869
1,451,631
1,283,895
Net earnings
1,074,880
1,060,126
1,059,632
Interest and rentals. 1,144,527
$225,865
$223,769
$234,237
Balance, surplus*.. $307,104
* Equipment and new construction (additional to operating expenses) cost $143,645 in 1895-6. $204,450 in 1896-7; $180,697 in 1897-8;
$271,748 in 1898-9. Out of accum. but. paid $53,000 on 1st debs, in
1896-7 and $53,206 \1 p. c.) on stock in 1897-8.— V. 70, p 532, 792.
April, 1900.J
RAILBOAD STOCKS AXD BONDS.
97
98
INVESTORS' SUPPLEMENT.
RAILROADS.
Miles
Date
Size, or
Amount
Par
For explanation of column headings, &c, see notes of
of
Outstanding
Road. Bonds Value.
on first page of tables.
Monongahcla River RR.— Bonds— See B. & O. RR.
.M<mteowi'i/.Bei<Z.-l6tM.,$200,000,lawful money, o
Montgomery <6 Erie Ry.— 1st m. (old 7s ext. in '86)
2d mortgage (old 7b extended in 1887)
Moore O: dWest. Oonatr. M.—Gold. $350,000, ext.
Morgan's La. dt Texas— lstM.(NOr.to Morgan C.j.o"
1st mortgage, Alexandria Extension, gold
General mortgage
Morris <t Essex—Stock, 7 p. o. guar. D. L. &
let mortgage
Gen. M. & 1st on Boonton Br. &o. (guar. D.L.&W.)
Conaol. M. (for $25,000,000) guar. D. L. &W.o*<fcr
1st and refunding mortgage— See text
Speoial real estate bonds
Morris & Essex Extension stock, guar. 4 per cent.
Ml. Carbon <& Port Carbon RR.— Stock (rent'lguar.)
Muscatine No. <£ So.— 1st M., $450.000gold
N
Muskegon Or. Rapids dt Indiana — 1st mort.. gold.
Narragansett Pier RR.— let mort., $100,000
Nashua <£ Lowell Stock, 9 p.c. rental, 92 yrs.B.&M.
Bonds not mortgage, assumed by lessee
Nashville Chattanooga <£ St. Louis — Stock
let mortgage (for $6,800,000)
c*<fcr
2d mortgage, goldorsilver
c*<fcr
let M. on Fayette, and MoM.brs. ($6,000 p.m.)c*<fcr
1st mortgage on Lebanon Branch
o*
let M. on Jasper Br. ($90,000 are 8s, due 1906)c*
let mortgage on Centreville Branch, gold
c*<fcr
let M. on Tracy City Br. (Tenn. C. & I. RR.).o\fer
let M. on Bon Air Br. red. at par aft. July '97, .c*
Duck R. RR., 2d mortgage, now 1st mortgage, g.
Ooneol. M. ($20,000,000), $20,000 p.m., gold. Us. o*
W. & Atl. incs. ($546,000). $26.000 due v'rlv.g.c.
W
—
,
. .
102
157
204
"85
34
120
28
37
8-5
15
340
321
125
29
43
46
20
7
48
740
1898 300 <fec,
1,000
1886
1,000
1896
100
1,000
1880
100
1,000
1873
1,000
1881
1,000
1877
1,000
1877
77-'83
1883
1887
1887
1881
1888
1895
1,000
1,000
1,000
1,000
,
Fairmont
to Clarksburg,
Va., 31 miles. Road opened in 1890. In Dec, 1899, B.&O. acquired
substantially all of the $1,300,000 stock (par $100). The 1st 5s (guaranteed p. & i.) will remain undisturbed, but the coal bonds will be
reduced to $1,000,000. The coal lands will be leased to the Mononfahela Coal Co. V. 69, p. 1346. Car trust 6s, principal Jan. 1, 1899,
98,379; interest $12,814. Bills payable Jan. 1, 1899, $105,680.
Earnings.— Statement for year ending Dec. 31, 1898, was in V. 68,
p. 1020, showing, gross. $225,035; net, $110,727 int. and taxes, $39,502; balance, surplus, $71,225.— (V. 68, p. 1020; V. 69, p. 1346.)
W.
;
&
RR.—
Mexican Golf
Owns road completed in Aug
from Venadito (on the Mexican International Railroad) via
to Tampico, on the Gulf, about 390 miles. See V. 62, p. 85.
In Sept., 1899, the Hidalgo & Northeastern RR., City of Mexico to
Pachuca, 68 miles, was reported to be purchased by the same interests,
and it was said would be extended at once from Pachuca to Tampico.
History.— Purchased in November, 1895, at foreclosure sale, under
the 1st mortgage of 1888 by the Societe Anonyme Beige deChemin-deFer au Mexique, which has capitalization as follows: Capital stook,
10,572 » 10 shares, each share representing $1,000 in bonds or
matured coupons of the Monterey
Mexico Gulf RR. Co. 160 33 B0
inoome shares ; first mortgage 4 per cent bonds, 4,000,000 francs,
being 8,000 bonds at 500 francs each. V. Stoclet, President,
Brussels, Belg.; Coudert Bros., 100 Broadway, N. Y„ attorneys.
Monterey
est, 1891,
Monterey
&
Earnings.— 12 mos. end. Dec. 31, gross, $1,216,711 in 1899; $1,386,053 in 1898.
For year 1898, gross, $1,41«,956; net, $445,774.
In 1897, gross, $1,416,656; net, $640,643.
(V. 65, p. 729; V. 66, p. 82.)
Montgomery Relt Line Ry.— Owns
real estate and a belt
line in Montgomery, Ala., about one mile of track on Tallapoosa,
Bell, Perry and Columbus streets. Alabama Midland Ry. pays an
annual rental of $15,525. The Plant Investment Co. owns 90 per cent
of the stock. Capital stock is $200,000 ; par, $100.
Montgomery & Erie Ry.— (See Map Erie Railroad.)— Owns road
from Montgomery to Goshen, N. Y., 10 miles. Road opened 1867.
Leased in 1872 to N. Y. L. E. & W. (now Erie RR.— which see.) Rental
$16,000 per annum. Stock, $150,000. Dividends (413 per cent per
annum) are paid May 10 and Nov. 10. Sinking fund $6,500 per annum.
Moore Co. & Western RR.—V. 69, p. 695.
is
Morgan's Louislana&TexasRR, & Steamship Company.
of Southern Pacific.)— Road— Owns Algiers to Cheney ville,
—( See Map
205 miles; branches, 89 miles trackage to Alexandria, 24 miles; total
railroad lines, 318 miles steamship lines and ferries, 3,176 miles.
Organization.—The Southern Pacifio Company, on June 30,1899,held
$14,995,000 of the $15,000,000 stock and operated road under lease.
The lessee pays all charges and also 23 per cent of the net profits under
the " omnibus lease." Company has 12 iron steamships and 9 ferry
and river steamers and tugs plying between New York and New Orleans and between Gulf ports also wharves, warehouses.
Earnings.— 8 months, ) 1899-0. Gross, $4,903,723; net, $1,647,499
July 1 to Feb. 2d.
4,527,219; net, 1,725,280
S 1898-9. Gross,
In year ending June 30, 1899, gross, $6,676,690; net, including
other income, $2,608,200; surplus over charges, $1,736,430; net
due co. under lease to 80. Pac, $811,991. 1897-8, gross, $5,677,420.
Morris dt Essex RR.-fte Map of Delaware Lackawanna <£
Western.)— Owns from Hoboken, N. J., to Phillipsburg, N. J., 85 miles;
branch, Den ville, N. J., via Morris & Essex Tunnel, to Hoboken, N. J.,
35 miles; leases 37 miles; total operated, 157 miles.
Lease.— Leased in perpetuity to Delaware Lackawanna & West.,which
assumed all liabilities and pays 7 p. 0. per annum on the capital stook.
See form of guaranty, V. 56, p. 812.
Refunding.— The stockholders have authorized a first and refunding mortgage to retire at maturity all the existing bonds and provide
for necessary improvements and additions. V. 70, p. 480. 477.
Earnings. —The road is important to the Delaware Lackawanna <&
Western as a route with terminal facilities on New York Harbor, but
the actual earnings on the road show a large annual deficit for the
lessee company after the payment of rental. The loss to lessee was
on M. & E. Bivision in '98 $1,784,000; in '97 $1,800,000.— V. 70, p. 480.
Mount Carbon A: Port Carbon RR.— Owns Mt. Carbon to Port
Carbon. Pa., 3 miles; second track, 2^ miles; total track 16 miles.
Leased March 5, 1860, for 50 years to Phila. & Reading RR. and lease
assumed in 1896 by Phila. & Reading Railway. Rental $36,250 yearly.
Muscatine North «fc South RR.— Muscatine, Iowa, to Elrick,
on Iowa Central, 28 miles, with which has traffic contraot. Operated
;
;
;
J.
?*
M.
6g.
J.
J.
J.
M.
A.
5
7
7
7
7
A.
M.
A.
J.
&
5
221,000
4
282,350
12
398,000
5g.
750,000
95,000
800,000
9
100,000
5
10,000,000 4 for '98
6,300,000
7
1,000,000
6
750,000
6
300,000
6
461,000 6g. &8
376,000
6g.
420,000
6
114,000
6
22,000
e
i
6,253,000
In treasury
5 g.
-
1,000
1.000
Mohawk &. Ma Ion- RR.— (See Map N. T. Central.)— Owns from
Herkimer, N. Y., on the N. Y. Central's main line northerly to Malone
on the Central Vermont, with branches, 181 miles in all
History, Lease, Etc.— In 1893, N. Y. Central leased the road and
guaranteed its first mortgage bonds. The surplus in any year after
payment of the first mortgage interest for that year to pay
not exceeding 5 per cent interest on the incomes. A dividend of 2
?er cent on the incomes was paid Sept. 1, 1898, and 3 p. 0. on Sept.
N. Y. Central owns the $4,500,000 stock, and has the option
1S99.
of retiring the incomes at any time, issuing in lieu thereof 2d mort.
guar, gold 4s. V. 56, p. 501. Bonds, see V. 56, p. 782.— V. 69. p. 385.
Monongahela River RR.— Road from
6
5
5
Text.
2,320,000 4,4i2
100
50
LXX.
Bonds— rTlnclINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks—Last
Cent.
Payable
Whom.
Dividend, %.
$200,000
1890 $1,000
130,000
1866
40,500
1867
100
&o.
350,000
1898
5,000,000
1,000
1878
1,000
1,494,000
1880
1,000,000
1893
1,000
50 15,000,000
5,000,000
1864 500 &c.
1,000
4,991,000
1871
1,000 11,677,000
1875
Var'us
[VOL.
&
&
&
&
&
&
&
&
&
&
&
J N.Y., Metropol'nTr.Co
Goshen, N. Y.
O.
do
do
Jan.
1,
1,
Oot. 1,
Sept. 1,
Apr. 1,
July 1,
July 1,
May
N,
S. Sept.,
1899, coup, paid
O. N. Y. ,8.Pac.Co.,23Broad
J.
do
do
J.
J. N.Y., Del.
do
do
Lack.
do
do
do
do
do
do
N.
O.
D.
& West.
do
do
do
do
do
do
M. & N.
J.&J.15 Phila., Read'g Term'l.
J. & J. N.Y..N.Y. Sec. & Tr. Co.
J. & J. Jan., '98, pd. Mch.,1900
1910
1926
1927
1900
1918
1920
1913
Jan. l.'OO,
May
1,
Oot.
1
June
1,
1914
1901
1915
Various.
May, 1900,
2%
Jan. 15,'00.6%
Jan. 1, 1929
July
1,
1926
& A. R.I.Hosp.Tr. Co., Prov.
1916
& N. Nashua, Indian Hd. Bk. May, '00, 4**%
J. & J.
do
do
July 1, 1900
Q.— F.
N. Y. and Nashville. Nov. 1, '98,1%
J. & J. N. Y. Continental N. Bk. July 1, 1913
J. & J.
do
do
Jan. 1, 1901
& J.
do
do
Jan. 1, 1917
& J.
do
do
Oct. 1, 1917
& J.
do
do
Jan.,1906&'23
J. & J.
do
do
Jan. 1, 1923
J. & J.
do
do
Jan.1901 to'17
& J.
do
do
July 1, 1917
M. & N.
do
do
Nov. 1, 1909
A. & O.
do
do
Apr. 1. 1928
do
J. & J.
do
Jan. 1, '01 -'20
F.
M.
.
from Jan. 10, 1899.
Stock, $450,000; all issued; par, $100. All interest to Jan. 1, 1899, was canceled. Pres., Walter M. Gorham, Phila.,
Pa.; Sec. and Treas., Henry Jayne, Muscatine, Iowa.
Muskegon Grand Rapids & Indiana RR.—Owns
road,
Grand Rapids to Muskegon, Mich., 37 miles trackage, G. R. & Ind. at
Grand Rapids, 3 miles. Road opened 1886, and leased to Grand
Rapids & Indiana RR.. which was foreclosed in 1896. Stock, authorized, $350,000; par, $100; issued, $1,000. Coupon of Jan., 1898, was
;
paid in Mar., 1900. Earnings for year ending Dec. 31, 1899, gross,
$139,067; net, $46,072; interest on bonds, $37,500. In 1898, grose.
$1 24,099; net, $41,173. In '99 Jan. 1 to June 30, 6 montns, gross, $56,787, againet $58,088 in '98. (V. 68, p. 824; V. 69, p. 955; V. 70, p. 480.)
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 & Lowell. In 1887 lease was transferred to Boston & Maine,
which pays a rental of $73,000 (9 per cent on stock).
Nashville Chattanooga
&. St.
Louis Ry.— (See Map.)— Owns
froiii Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to
Lebanon. <fec, 447 miles; leases Western & Atlantic Chattanooga,
Tenn.. to Atlanta, Ga., 137 miles; total operated, 904 miles. In
1896 the N. C. & St. L. directors leased the Memphis & Paducah Division (consisting of Paducah Tennessee & Ala., 119 miles, and Tenn.
Midland, 136 miles,) of the Louisv. & Nashv.; but see V. 67, p. 1055.
also see V. 65, p. 679. Middle Tennessee & Ala., Shelbyville, Tenn,;
to Decatur, Ala., 79 miles, was purchased in October, 1897, and portion from Fayetteville, Tenn to Limestone Creek, Ala., 37 miles, was
completed Oct. 1, 1899; balance building— V. 67, p. 748; V. 69, p. 807.
Organization.—A majority of the stook ($5,500,500) is owned by the
Louisville <& Nashville, and pledged under its unified mortgage, etc., so
that the two systems are operated in close harmony. The Western <fe
Atlantic is leased from the State of Georgia for 29 years from Deo. 27,
1890, at $420,012 per annum. Jointly with L. & N. leases terminal
property in Nashville for 99 years (V. 65, p. 278) V. 67, p. 221, 320.
in April, 1900, the L <fe N. offered to purchase on or before July 2,
1900, the minority stock, giving in exchange one share of L. & N.
,
;
stock for two shares of the N. C. & St. L.— V. 70, p. 740.
Dividends) 1888 1889 1890 1891 1892 1893 '94 '95 to Nov., '98
since 1887. 5
414
5
5
5
5
3% 3»2 4 p. c. yearly.
The Feb., 1899, dividend was passed, surplus earnings to be used
for additional equipment and reduction of floating debt; also the May
and November, 1899, dividends.— V. 68, p. 187.
Bonds.—The Tracv City branch 6s fall due $20,000 yearly on Jan. 1
to 1916 inclusive, and $100,000 on Jan. 1, 1917.
Consolidated mort. of 1888 provides that all prior bonds shall be paid
maturity; sufficient oi the $20,000 p. m. are reserved for them.
& Atlantic income 5s, see Supplement January, 1898.
General Finances.— Bills payable inourred in purchase of Rome
RR.. etc., March 31, 1900, $1,350,144 and quick assets, $193,000.
Latest Earnings.—July 1 to Feb. 28 (8 months):
Bal.,sur.
Interest, etc.
8 mos.
Gross.
Net.
1899-0
$413,332
$4,370,481 $1,516,748 $1,103,416
1898-9
1,388,323 1,049,594
338,729
4,123,341
Annual Report.— Report for 1898 -99 in V. 69, p. 793, 806.
1899.
1897.
1896
Year ends June 30.
1898.
off at
Western
Mileage end of year...
935
905
Gross earnings
$6,081,766 $5,646,549
Net earnings
1,982,059
1,982,724
30.482
Investments, etc
Net inoome
$2,012,541 $1,9827724
Int. on debt and tax. $1,203,391 $1,102,187
Rental W. & A. RR.
422,268
420,012
(4) 400,000
Dividends
(1) 100,000
sur.$254,535 sur. $60,525
Balance
— V. 68, p. 187; V. 69, p.540, 793, 806, 1301;
906
904
$5,074,625
1,910,275
41,002
$1,911,448 $1,951,277
$1,088,420 $1,078,470
420,012
420,012
(4) 400.000
( 4) 400,0 00
"eur.$3,015 sr.$52,795
$5,116,118
1,911,448
V. 70, p. 740.
Louisville <6 Nashville.)
Owns from Nashville, Tenn., to Decatur, Ala., 119 miles. Leased to
Louisville & Nashville for 30 years from July 1, 1872, at a rental of 6 p.
0. per annum on stock, but lease is to be terminated July 1, 1900, and
under new lease for 999 years the rental will be 7*3 per cent on stook,
the 7s due July 1, 1900, to be retired and new stock issued therefor
to the L. & N., which will then own about $3,000,000 of the stock.—
V. 68. p. 928; V. 69, p. 1012. The lessee assumed all the debt and
owned (July. 1899) $990,625 of its stock. On Oct. 10, 1896, sinking
D. firsts.
fund held $659,000 bonds, of which $630,000 were N.
(See Map Louisville <*
Sheffield
Nashville Florence
Nashville.)—Owns from Columbia, Tenn., to Sheffield, Ala., 82 miles,
with branch Iron City, Tenn., to Pinokney, Tenn., 12 miles; operates Napier br., etc., 14 miles total, 108 miles. Operated by Louisville
& Nashville, which company guarantees the principal and interest of
the bonds by endorsement. Sold on April 10, 1900, to satisfy judgments aggregating about $900,000 to the L. & N., subject to the first
mortgage. V. 70. p. 792. Stook authorized, $2,000,000. For year
1897-8, gross, $336,284; net, $132,515; interest, $104,800; taxes,
$8,415.—V. 70, p. 792.
Nashville
—
& Decatur RR.— (See Map
&
&
Ry.—
;
National Docks Ry.— Road extends from West Shore RR. at
Weehawken to Constables Hook, N. J., 6*6 miles; Communipaw br.,
0-38 miles; Kill von Kull branch, 054 miies; other branohes 0-79 miles,
second traok, 7-28 miles. Current accounts, $18,067.
total, 8-31 miles;
APRIL, 1900. J
RAHKOAD STOCKS AND
BONDS.
99
100
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
For explanation of column headings, &c, see notes of
Par
of
Outstanding Rate per When Where Payable, and by
Value.
Cent.
Bonds,
Payable
Whom.
Road.
on first page of tables.
Nashville d Decatur— Stock, guar. 6 p. c. by L. & N.
lstmort., guar., s. f. ($200,000 held in sink. fd.).
Nash. Flor. <& Sheff.— 1st M. ($2,500,000), gold, gu.c
Nashville <6 Knoxville— 1st mort. for $2,000,000. .c*
National Docks Ra il way—Stock
Nesmiehoning Vat.—Stock subj. to call Sep. 1, 1904
Nevada— Calif.— Oregon—1st M. $2,200,000, gold.
Nevada Oenfraf— 1st M. g., non-com., inc.. (s. f.l.Ce
Neicburg Dutchess <£ Connecticut Col. trust bonds.
Income mortgage for $1,625,000
r
New Castle <£ Shenango Valley— 1st M., int. guar...
Neio England RR.—N. Y. & N. E. 1st mort., cur. .c*
—
Do
do
1st mort., cur. .c*
1st cons.M., $17,500,000, g. f gu.,p.& i., end.Ma.c*
N.Y.&N.E. Boston Term. lstM.for$l, 500.000. c"
Neto Jersey Junction— 1st. M., guar., $4 ,000,000. c<fcr
New Jersey & New York— See Erie RR. Co.
Neio London Northern—Stock
Consolidated M., now 1st M. ($683,000 are 4s). o*
N.Mex.Ry.tf Coal— Col. tr.g. ($3,000,000) red.105.1V
Alam. & Sac. Mt. 1st M7, $900,000, g., guar... IV
Neic Orleans <£ North Eastern— Prior lien M., gold.o*
1 st
mortgage, gold
119
119
105
87
<£
1,000
1,000
1,000
""50
"18
"94
59
59
17
321
321
361
121
121
165
28
196
196
102
NorthwesVn— Coll. tru^t M., g.,$500,000.<e
Orleans <& West.— Receiver's ctfs., $400,000...
1st Terminal mortgage, $2,000,000, gold.S....c"
2d mortgage, $2,000,000, gold
New Securities to be Issued Under Plan.
Common stock, $1,000,000
Pref. stock, 5 per cent, non-cuni., $3,500,000
1st mortgage, gold, $500,000, subj. to call at 110
Neioport <£ Oincin. Bridge.—Stock, $1,500,000
1st M., $1,500,000, g., s. f. guar. p. <fe i. end by Pa. Co.o*
N. O.
$25
1870
1887
1888
New
i',606
1888
1891 500 &c.
1877
1,000
1887
1,000
1,000
1876
18 76 1,000
1,000
1895
1889
1,000
1,000
1886
100
1880
1897
1898
1885
1881
1898
1898
1895
1897
1,000
1,000
1,000
1,606
1,000
100
100
"Too
1,000
$115,620;
bal.,
26 Broadway,
so, 1898, gross earnings, $1:54,693;
other income, $2,065; charges, #25,905; dividends,
In 1896-97, net, $168,147. Office,
surplus $50,271.
New York— V.
64, p.
518
National Ry., Tehuantepec—V. 69, p. 1247; V. 70, p. 125, 633.
Nesquehonlng Valley RR.— Owns from Nesquehonlng Junction,
Tamenend, Pa., 17 miles; Tunnel Branch to Lansford, Pa., 1 mile.
Leased for 999 years (with 5 p. o. guaranteed on stock till 1905) to the
Lehigh Coal & Navigation Co., which under its option proposes to retire
the stock at par and Interest on Sept. 1, 1904
see item "Delaware Division Canal" in V. 66, p. 1139.
Nevada-California-Oregon Ry.— Reno, Nev., to Amedee, Cal.,
79 miles, In operation. Projected Thence to and through Oregon. In
Jan., 1900, 50 miles from Amedee. Cal., reported to be graded, on
which 35 miles of track bad been laid. 8tock, common, $2,200,000,
all outstanding; preferred none. BondR. $2,200,000 authorized. Year
1898-9, gross, $87,327; net, $19,978. E. Gest, Mgr., Reno, Nev.
Nevada Central RR.— Battle Mtn.. Nev., to Austin Nev., 94
miles, narrow gauge. A reorganization of Nevada Ry. Stock. $750,000; par $100. Interest on #"717,000 bonds which paid an assessment
of $120 per bond, guaranteed from July 1, 1898, by the Nevada Co. of
New Jersey, is paid at office of registrar, New Jersey Title Guarantee
& Trust Co Jersey City, N. J. Earnings lor 1898-99, gross. $28,242;
def. under operating expenses, $5,292; no interest paid by railroad.
Newark Somerset Ac Straltsville RR.—Newark, O.. to Shawnee, O., 44 m.; branch 3 m. See B. & O and V. 67, p. 1106; V. 70, p. 76,
230, 430 ,792.
Newburg Dutchess Ac Connecticut RR.— Owns from Dutchess
Junction, N. Y., to Miller-ton, N. Y.. 59 miles. A reorganization in 1877.
Stock, Etc.—Common, $500,000; pref., $600,000; par $50. There
were June 30, 1899, $226,000 coll. trust 5s; $1,164,500 income 6s, and
$42,500 of 5 p. c. real estate M. notes. In year ending June 30, 1899,
gross, $137,057; net, $30,641; other income, $878; interest, taxes,
etc., $20,635; bal., surplus, $10,884. V. 65, p. 568.
New Castle Ac Shenango Valley RR.— Owns from Newcastle
Pa., to West Middlesex, Pa., 17 miles. Leased to Nypano RR. till 1982
for rental of 32 p. 0. of gross earns., but interest on bonds guarant'd. In
June, 1899, stock mostly acquired by Erie RR.— V. 69, p. 447.
Pa., to
;
.
New
RR.—
England
New York New Haven & Hart. RR. owns
nearly all of the stock, and since July 1, 1898, has leased theroad, viz.:
Lines Owned.
Miles,
Leased, etc., lines. C&See this Co.)
Boston to Hopewell June, N.Y.214 'Norwich & Worcester RR IT.
72
Wicopee to Ffshkill Landing ... 2 Rhode Island and Mass. roads. 14
Providence to Willlmantic
58 Rockville RR
4
Newton to Woonsocket, R. I.
29 Providence & Springfield RR.ff 28
East Thompson to Southbridge 17 Woonsocket & Pascoag RR. IT.. 9
East Hartfort, Ct., to Springf d 28 Milford branches
20
Other lines
12 Trackage
29
.
. .
Double track
114
Total
536
* Controls Norwich & New York Trans. Co.'s steamers, 1 25 miles.
History.—A reorganization of the New York & New England (sold
in foreclosure July 9, 1895) per plan V. 58, p. 762. On Deo. 1, 1899.
there had been exchanged orwas held by the lessee all except $82,300
of the $20,000,000 common and $92,200 of the $5,000,000 pref. stock.
Preferred stock not exchanged receives dividends of 3 per cent per
annum under 99-year lease.— V. 66, p. 334, 617, 10u2; V. 69, p. 1012.
Bonds.— See guaranty of consols by N. Y. New Haven <fe Hartford
RR. V. 64, p. 611; $10,000,000 consols, reserved to retire firsts.
Report.— Earnings since lease included in those of N. Y. N. H. & H.
RR. Report for 1897-98 in V. 67, p. 897, showing: Gross, $5,570,644;
net, $1,342,648; other income, including net from Norwich line steamers, $114,517; interest, rentals, etc., $1,559,020.— V. 69, p. 1012.
New Jersey Junction RR.—Terminal road
through Jersey City,
Hoboken and Weehawken, about 5 miles. Leased for 100 years from
June 30, 1886, to New York Central which guarantees the bonds absolutely and owns $100,000 stock. Connects with National Docks Ry.
New J ersey Ac New York RR.—Owns from Erie Junction, N. J.t
to Garnerville, N. Y., 29 miles branches to New City, etc., 5 miles operates to Haverstraw, etc., 14 iles; total operated, 48 miles. Erie RRin April, 1896, purchased control.
Stock, $1,440,800 common; $787.800 preferred; par, $100. Control is with preferred stock and first
mortgage till 6 per cent has been paid on preferred for three years.
Earnings—Year ending June 30, 1899, gross, $298,956; net,
$62,524; interest, etc., $59,520; balance, $3,004. In 1897-98, gross,
$283,197; net, $53,834.— (V. 64, p. 424; V. 65, p. 822
New London Northern RR.—Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, and leases Brattleboro <fe Whitehall RR.,
Brattleboro to South Londonderry, Vt., 37 miles.
Leased for 99 years from Dec. 1, 1891, to Central Vermont. The
rental is $211,000 per annum, which leaves a small surplus after providing for inter., etc., and 9 percent dividends. Taxes and improvements met by lessee, without claim on New London Northern.
Dividends.— 1888 to Jan., 1892, 7 p. c. yearly, then 8 p. c. yearly to
1893, inclusive, and since to Apr., 1900 (inclu.), 2k p. c. quar. (9 p.an.)
:
;
)
J.
J.
F.
&
&
&
&
M. &
J. &
J. &
M. &
M.
5
I*
6
6
7
6
5
4
g.
J.
g.
4
F.
J.
5g. A.
Dec, '99, 3%
Nashville.
N. Y., 120 Broadway. July 1, 1900
Aug. 1, 1937
A.
N. Y. and Louisville.
1918
N. N. Y., Mercantile Tr.Co.
J.
Phila., 108 So. 4th St. Mar.', '00, 2^2%
20 years.
N. Y., Moran Bros.
July 2, 1938
See text.
1921
N. N. Y., Central Trust Co.
8.
J.
J.
& J.
& J
& J,
& J
& O
& A.
When
N. Y.
Farm
,
Boston,
S.
June
earned.
.
L.
& Tr. Co.
do
do
do
Boston, Co.'s office.
N. Y. Cent.
& Hud.
Riv.
New London, Office.
&
&
&
&
&
&
&
N. Y. Bk. of No. Amer.
O. N. Y..N. Y. 8ec.& Trust.
&
&
J. Int.
J.
5 g. J.
,
4^ g.
New OTexIco Ry.
J.
do
O,
O. N. Y., Central
Div.
f r.
July
Dep.& Tr.Co. Jan.
Jan
do
do
Trust Co.
J.
J N.Y., Muller, Schall&Co.
J. N. Y., Central Trust Co.
J.
N. Y., State Trust Co.
J.
J,
J.
J, Jan. ,'97, coup, last paid
March.
A.
A.
Due.
Stocks— Last
Dividend.
D.
Q.-J.
9
&5
1,000,000
3,000,000
500,000
1,500,000
1,400,000
1900
1895
6
7
1,500,000
1,500,000
2,826,000
300,000
1,320,000
5,000,000
500,000
400,000
1,650,000
1,000,000
1,000
1,000
Earnings.— For year ending June
net, $189,731;
$2,352,032
2,100,000
2,096,000
1,184,000
3,854,000
1,418,600
,I'ne'98none
750,000
226,000
1,164,500
250,000
6,000,000
4,000,000
5,000,000
1,500,000
1,700,000
pal, When
July
July
Apr.
Feb.
1,
1,
1,
1,
1,
1,
1,
1977
1917
1905
1905
1945
1939
1986
Apr., '00,2i4%
1910
1947
Apr.
1928
1915
Nov.
Jan., 1911
Jan. 1, 1908
July 1, 1900
July 1, 1946
March 1, 1900
July
Oct.
1,
1,
1,
1,
l.'OO, if ea,
1. 1900. Jan. 1. 1950
Pittsburg, Pa.
Oct.l,'99,m%
J N.Y., Farmers L.&T.Co. July 1, 1945
from Jan.
M
Ac Coal.— (See
ap) .— Owns El Paso & Northeastern Ry., from El Paso, Texas, northeast 165 miles, to the Salado
Coal fields: controls and operates Alamogordo & Sacramento Mt. Ry.,
Alamogordo, N. M.. to Toboggan, 28 m., and under construction to Cox
Canon, 8 miles additional in April, 1900. Line completed Oct. 1, 1899.
Securities.—Stock, $4,000,000, of which $1,000,000 pref. The coll.
trust 5s are secured by deposit of all the stocks and bonds of El
Paso & Northeastern Ry. of New Mex. (#2,700,000 of each), the stock
of the El Paso <fe N. E. RR. of Texas, $300,000 (no bonds issued), and
all the stood ($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. The
Alamogordo & Sacramento bonds are guaranteed. New York office,
66 Broadway. (V. 66, p. 337.)
New Orleans, La., to
Orleans 4k North Eastern
Meridian, Miss., 195 miles; 121 are 60 and 74 are 75 lb. steel rails.
8tock $5,000,000 (par, $100), of which $4,320,000 and $4,900,000 1st
6s are held by Ala. New Orleans Texas &. Pac. June. Ry., to which was
due July 1, 1899, $1,173,929 on coupon and $1,069,518 on other acc'ts,
Earnings.— In 1899-0, July 1 to Mar. 31 (9 months), gross. $1,423.647, against $1,043,166 in 1898-9. Report for 1898-99, V. 69, p. 1008.
Balance.
Tr. end. June 30. Gross.
Wet.
Other inc. Interest.
RR.—
New
1898-99
1897-98
$1,545,686 $399,591
1.396,929
377,376
61 7, V. 67, p, 950; V. 69,
1,865
$388,414
379,201
sur.
$11,177
sur. 41
— V. 65, p.
p. 1008.
New Orleans Ac Northwestern Ry.—Owns from Natchez, Miss,
to Bastrop, La., 102 miles. Stock, paid in, $4,500,000; par $100. In
March, 1898, receiver was discharged. The coll. tr. 5s are secured by
deposit of the old first mortgage 5s in trust. For year ending Dec.
31,1899: Gross, $171,142; net, $42,535; other income, $15,369; int. on
bonds, $25,000; taxes, $7,527;
New
bal., sur.,
$25,377.
(V. 67, p.|275.)
Western Railroad.— Owns a belt
city of New Orleans and connecting with all
Orleans
railroad
the rail
roads entering that city. Entrance to business centre is had over the
tracks of the East Louisiana Railroad. Owns a large terminal property
at Port Chalmette, containing about 2,300 acres, with 80 cotton warehouses, capacity of 250,000 bales, a grain elevator, etc.
Receivership—W. C. Dotterer, receiver. V. 68, p. 1182. Interest
due July 1, 1896, and since is in default. V. 66, p. 134. In 189w, issued $400,000 receivers' certificates to build additional ootton warehouses, etc. (V. 67, p. 320.) Stock $6,000,000; par, $100. On Feb.
21, 1900, George C. Preot, was appointed master in chancery to sell
the road after six weeks' advertising. V. 70, p. 381. In April, 1900,
decree had been signed but no date of sale fixed.
encircling the
Ac
Reorganization Committee.— Stephen Peabody, Wm. L. Bull, Evans R. Dick and Geo. Q. Whitney. Depositary, Colonial Tr. Co., N. Y.
Plan.—Their plan, dated Aug. 1, 1899 (now operative), is in V. 69,
p. 440, and provides for the issue by a new company of the securities
shown in table above. All the new bonds and common stock will be
sold to a syndioate for cash. Of the preferred stock (to be subject to
call at par on three months' notice if permitted by law), $2,500,000
will be exchanged for the old bonds and of the #1,000,000 balance in
eluded in the sale to the syndicate, $500,000 will be transferred after
such sale to the treasury of the new Co. The old 1st 5s with all unpaid coupons attached, will receive par, and the old 2d 4s, 50 per cent
of piincipal in preferred stock.— V. 69, p. 440, 645, 906; V. 70, p. 381.
Newport Ac Cincinnati Rridge Co.— Owns bridge over the
Ohio River from Newport, Ky., to Cincinnati, O. Bridge opened 1872
and reconstructed in 1895-96. Louisville & Nash, is under contraot to
use bridge; annual rental, $1 15,000. Pa. Co. owns $1,340,000 stock.
Earnings.— For your ending Dec. 31, 1899, gross $153,151; net,
$121,675; interest, $63,000; balance, surplus, $58,675. In 1898, gross,
$150,181; net, $121,616; charges against income, $102,709; balance,
surplus, $18,907.
1%.
(V. 63, p. 1159.)
Y.& Rrooklyn Union Transportation.— V. 70, p.
280.
Rrooklyn Ac Jersey City R. T. Co.— V. 70, p. 532.
New York Brooklyn Ac Manhattan Beach Ry.— Owns from
N. Y.
Fresh Pond Junction to Manhattan Beach (Coney Island), and branches
Bay Ridge and Greenpoint, 20 miles, of which 16 miles double track.
Lease, Etc.— A consolidation August 27, 1885. Leased for 99 years
from May 1, 1882, to the Long Island RR. Co. at 35 per cent of gross
earnings, rental guaranteed to be at least 5 per cent on pref. stock.
Bonds.— The mortgage of 1885 is for $2,000,000 and is now a first
(V. 63, p. 1116.) Trustee is Central Trust Company. The L. I.
lien.
RR. has attached to the bonds its unconditional guaranty of principal
to
and interest in addition to the memorandum as to the lease previously
printed upon them. Of the bonds. $125,000 were in Jan., 1900, owned
by the L. I. RR and deposited under its new mortgage— V. 68, p. 669.
New York
Canada RR.— Whitehall,
N. V., to Rouse's Point,
branches, 38 miles, Stock, $4,000,000, par $100.
Lease. Etc.— Leased in perpetuity and virtuallj owned by the Delaware & H. Canal Co., which guarantees the bonds, and has $3,760,741
invested in the property. See debenture guaranty, V. 64, p. 181.
Balance.
Charges.
Net.
Gross.
$937,829 $250,725 $279,764 def. $29,039
Year to 5 1897-8
319,629 sur. 53,192
372.821
974,855
June 30. U898-9
-(V. 64, p. 181, 234 V. 67, p. 1054; V. 68, p. 976; V. 69, p. 384, 1061.)
Ac
N. Y., 113 miles
;
;
RAILROAD STOCKS AKD BONDS.
Apbil, 1900.J
lilando
Ye
5i"D,ENV£R
Uj
1*1
Jberliu
-
Colbv.
A
w^^v^cXloradoi
[V
Y
\{%
Clifton
•
Oakley
Ysidrol
oijnton
<v
%i\La Cue
\
:
I
Herrineton.
;
>
<v
i-
,)
r-ry.
V AgosUiPa.'
Espanola//
JBernalilk
V s >^
Miuertas
SANTA f EV
^
.
L *:ral >
L
' l
O
K
t_
^/Grandkr
ft£il
?*W
Pan Handle
.Alaui'
V)
A
rop
Wichita)
/Trinidad
tpCoal Mines
-
jY§t
Duran
T
i
1'errillos
.OS Corralusll/
Los
^
K
\\" /LaJunu
|i Ciicbara
*Vl<fe
^~
Mm.
'
^
Saixl^elipj
L~\v
O,
I
A,
2'Santa Aiia^
^
C
dot
'I I Oil
Ig
TLosGSX&.!
^l±
// San Antonio
a
TX
t'*<-
^/.
,
^"
|alina
.
lt0
&CTsANTA
i
°
Pajaritor
m
o/lJRlsleta Sta.
&
Atl.
"Lun
VoK
1
" I'era
/!
EI
v_
,(3«
—
UaerJc.4^
1
1
a
Henrietta
!%j^
Esujaraldar
/Beleni
if.
Lake
Tuosodi
iVal.
Snjder
Sweetwater
Big Springs^.*--^?*^ xC
Midland
ItU PASO
Vogalus
'Magdalena
:
1
'
-
1
^ISan
JJall&s
SanALjeloV
^Valentine
Jose
Temple
Burn(?
Taylor
if
#> jfo;*— •—
^ | La JoyaYj^
P
T
rfo
J"
Albany Ft.ty
o
Demi
Sierra Blanc
$F an>f8id
Seymour
Agua
PuntaiJlel
Bosdue<T7e5 asa Colorado' *S
al
Lubbock
I
Lordsbuf
'Benson
^^l
"
1
ig
ilvcr Ci
soo-
iiaiiilDS(i£i(
Bowie
oswelll
i
C
N
_<s;
Viruou~°^Terral
\
curtou!
OWa
S
'
|
/'&$?/
CartMge
"
K
J' 4/
Kiowa/
DuncaJ
CbildreM
JojoCalk-nte
£
Hermoslilo
<£
-%SA'P ine
J
X
"Llano &
Xerrville
Drydui^
Guayuias
-^Z^
j Acacia aTZ
Polvadero<$| La Joyita
c
Lemitar)
~^^*-
>^-.
21emo\r
i))I:uis
Cerro Tecolote
enn/L.
*^~
•'-
1
I
Lopez
'•iBosa,.uWi'tlo
dtc^
Antonio
San
a
1
i
«.*
%
S Wf«yaii
Carthage
Antomta
Arnyr
t.Craig
Lit.
Buna
Enpinonn Sp.
S1
AV -'Hf ^ICARILLA
^S.:|-
mm
Valverde
Si
^
Jicadlla^?^
I
j
WHITI
>Ric)iardson,
arrizo
is
u
>
XT
a ^^ JP^^ Pulg^cTt-o^
'"y^^Z.
b
Hill
"^
%*%&
<p
ujs <^-^a Vadal Sp.
£asf
'CX'I'
"i'tc/tiOtPiiK
t
"y'ijr
<J
/t/is
Pope
Hill
PLAINS
"I
m
4«€
&**
«'
Croclc^r
!
'•"
iiitonV
s/h
Rosv
'BLANCAi
..
liP
•Hondo'
7!
9&
A
Alkali Flat
\OM
I
jEngle
i
i ^
P
/.
Fort
V
lagerm^i
CO*
-<
CP
Tularosa
u
Aleman
-Late Arthur
ALAMOGORDOl
!
Upham
..11.
/-
'.TIMBER
Cutler
>
Z-
ncolnjv
>ort'''
te
)
lOray
res Cerroa
BARREN
'Lava
&tfer^^i, ^jYfc
J
.Bi£a^r/ P«ii
Mi]ler<5
l
^pHope
Gramma
Penascol
^Rincon
<iv^
i
Detroit
McMillan?
f f
a
N
A -
'
0rgano
C^lV
^\\\Dona
JTURQOOISE.
JAftlLLA
d)^
#Sa^ugustine
W
Ana?L"
I
-
Lyndo.„
.%.
^
J*.
UK
Martin's
HUECO ,J» UEC %» TS -COKN UDA\».Td
frXnklin
fe
/J^LONGHORN
I
1
r
liiii
Ciudad
M.
E
Y
..Lake View
LddyVj^^
SOLEDAO
i
''/q
*«,
—-
D^
^.?
Anthon
LenarltSL
E
y
I'.:n 1Ii:uii
.
x>
ARIL
f\W
//A
"
UP
^Mesquite
Afton
IN
UTS J
i;ci^L#
BL,SS
JuareTS^L
X KCL
O
„
*
RLAP
NEW MEXICO RAILWAY
@
<L
PASO
OF THE
COAL COMPANY.
PROPERTIES.
4
EL PASO
#
& NORTHEASTERN
COAL LANDS SHADED
RY.
INVESTORS' SUPPLEMENT.
102
[Vol.
LXX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
Miles Date Size, or
Amount
Par
of
For explanation of column headings, Ac, see notes
of
Outstanding Rate per When
Road. Bonds Value.
Cent.
Payable
on first page of tables.
if.
F.
Brooklyn
<6
Manhat. Beach— Common stock..
20
20
150
Preferred stock, non-omnulati ve
1st oon. M.
(now 1st M.)
gold, guar. Dy L. I
o*
N. Y. <t Canada—1st M., sterling, guar. D. & H..o*
Debentures, g., guar. p. & 1. end. Del. & H. Canal.
New York Central & Hudson River— Stock
N. Y. C. & H., J $30,000,000
„„,.„„„ „ r rtt(r
lstmort....} ^OOO.OOO \ coupon or reg.
)
Debt
819
819
5
oertifs., (N.Y.Central), gold, $6,450,000.cfer
Debentures, 1884, $10,000,0001 All eq'ly f .. o&r
Debentures, 1889, $1,000,000. ( secured
r
Debent's.g., s. f., $13,194,000. (by mort. \ c*<fer
Refund.M., $100,000,000, g.Ce of 1897. 1 c*&r.
Collat. trust, g. ($100,000,000) L. 8h. stk.O.c'&r
do
do
($21,550,000) Mich. Cent. stk..G
Debentures to be issued under B. & A. lease
N. Y. Chicago <£ St. Louis— Common stock
2d Dref erred (5 per cent, non-cumulative)
1st preferred (5 per cent non-cumulative)
1st mortgage gold, sinking fund not drawn.. o*<fer
Equip, tr., "A* gold, $60,000, Sept. 1, yearly.. C.
Equip. tr."B"gold $23,000 due yrly Feb.l5,C.c<fcr
N. Y. dt Greenw.L.— Prior lien M.,gu. p. &i...N.gxo*
N. Y. dt Harlem— Common, 11 ^ to 12 p.c, 8% guar.
Preferred stock, ll 1^ to 12 per cent, 8% guar
Consol M., to be paid May 1 (V. 70, p. 687)
Rerunding mortgage, $12,000,000, gold...Gc\fer
523
523
523
505
N. Y. Lackawanna <6 Western— Stock, guar. 5 p. ct.
1st mortgage, guar, by Delaware Lack. & West.o*
ConBtr. mortgage, guar, by Del. Lack. & West..o*
3d M. Terminal Imp. (for $5,000,000), gu. p. & i..
214
214
214
214
819
I
.
I
New York Lake Erie <6 Western— See Erie RR.
a As reported April, 1900 the amount out
:
53
145
145
136
100
100
1885
1,000
1874 4100 Ac
1,000
1896
100
1,000
1873
1,000
1873
1853 500 &c.
1884 l.OOO&c
1889 l.OOO&o
1890 1,000&C
1897 l.OOO&o
1898 l.OOO&o
1898 l.OOO&c
1900
100
100
100
1887
1,000
1892
1,000
1896
1,000
1896
100&0
5U
50
1872 l.OOO&c
1897 l.OOO&c
100
1880
1,000
1883
1,000
1890
1,000
standi ng
wh en
Miles.
New York to Buffalo
Branohes
Lines leased, fl See
WestShore
Troy & Greenbush
Spuyten Duyvil & Pt.
New York & Harlem
442
378
Brook Ry. etc
Beech Creek RR.
Fall
241
160
33
1T
IT
Wallkill Valley
this co.
M
New Jersey Junction
Rome Watertown & Og
Mohawk & Malone
. . .
IT
495
TT
6
IT
6
136
IT
5
IT
TT
U
Total in earnings
2,828
Controlled— Operated separately.
Lake Shore & Mich So
1 .413
Michigan Central
1,644
N. Y Chic & St. Louis RR..1T 513
91
Dunkirk All. V. <fe Pitts. ...IT
Pitts. & Lake Erie 8 v stem.. TT 180
624
182
46 Toronto Hamilton & Buffalo.
88
& Adirondack if
Gouverneur & Oswegatchiefl
65
13 8t. Lawrence & Adirondack..
New York & Putnam
61
V
Total owned and controlled Dec.l,1899(298 miles four tracked.) 6,822
History, &c— Control of the Lake Shore and Michigan Central roads
Carthage
was acquired
in 1898, as stated
below.
In 1898-9 their earnings
sued for their purchase. V. b9, p. 495.
In Jan., 1900, it was announced that control of the Lake Erie &
Western had been acquired on behalf of the Lake Shore & Mich. So.,
and that the Vanderbilt interest in the Cleve. Cin. Chic, and nt.
Louis had been increased to an absolute majority; an understanding
also was reported between the Vanderbilt and the Pennsylvania in-
by which the
latter became jointly interested in the stock of
the Ches. & Ohio Ry.— V. 70, p. 76, 125.
The Boston & Albany RR. will be leased for 99 years from July, 1900,
at a guaranteed rental of 8 per cent per annum on the $25,000,000 B.
& A. stock in quarterly instalments, adding 389 miles and a through
line to Boston to the Central system [unless Mass. Legislature interferes ] V. 69, p. 78, 492, 695; see also V. 69, p. 178, 228, 333. 694.
Stock. Dividends on stock registered in London are payable in gold
at 49isd. to dollar. The $15,000,000 additional stock, issued April 2,
1900, for new rolling stock, increased the outstanding issue to $115,000,000.— V. 69, p. 906, 1103, 1248; V. 70, p. 532.
Dividends since 5 '91. *92. '93. '94. '95. '96 to '98. '99.
1900.
1890. Percent. } 4*2 5H
4*4 4 yearly.
5
5
4 Incl.Apr.,2»«
Dividend rate increased from 4 to 5 p. c. per annum in Jan., 1900.
V. 69, p. 1301.
Bonds.— Description of debentures was on page 3 of Supplement
of April, 1895. They are all secured by the refunding mortgage of
1897 equally with the 3^8. Ref. mortgage is for $100,000,000, of
which $70,377,333 reserved to retire all existing bonds at or before maturity and $14,622,667 for premiums; the remainder ($15,000,000)
Is reserved for new construction after 1903.
In 1899 3*28 of 1897
had been issued to retire $26,893,912 of old bonds.
Collateral trust 3^8 of 1898 are secured respectively by deposit in
trust with the Guaranty Trust Co., mortgage trustee, of stock of the
—
Lake Shore & Michigan Southern and Michigan Central RRs. at the
rate of $100 of L. S.
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 3^8 are $100,000,000 for Lake Shore and $21.550,000 for Michigan Central. The loans are secured by separate
deeds of trust. See V. 66, p. 288, 336, 760. 811.
»
The N. Y. Cent, will issue In 1900 $5,500,000 in its 100-year 3^ per
cent debentures for certain propeity not included in the Boston
Albany lease. See V. 69, p. 1102.
Guaranties.— The company guarantees the securities of its leased
lines to a considerable aggregate see separate statement for each company marked with a IT in the table of mileage preceding. It also guarantees Western Transit Co. 4>as for $1,000,000 due February, 1903.
General Finances.—The refunding of the $70,377,000 of old highinterest-bearing bonds into the 3^8 of 1897 during the years 1898 to
1905 will eiiect a saving of $1,200,000 per annum in interest charges
to June 30, 1899, about $27,000,000 old bonds had thus been retired;
saving in charges by refunding In 1898 9, $437,342.— V. 69, p. 495.
In Dec, 1899, the company had acquired $45,284,600 of the capital
stock of the Lake Shore road in exchange tovZ^a p.c. bonds (see above),
leaving $4,181,900 afloat, including $533,500 guaranteed 10 per cent
dividends (see V. 66, p. 288, 336, 1238), ana also $16,189,600 of Mich.
Central stock, leaving $2,548,400 still outstanding.
On April 2, 1900, $15,000,000 stock, sold to stockholders at par,
was issued for new equipment. V. 69, p. 90K, 1103, 1248. On July
1, 1900, Boston & Albany RR. (which see) is to be taken over under
&
&
—
lease.
Average train' oad for entire system, including company's
freight,
was 34 6 tons in 1898-9, against 320 tons in 1897-8.
Earnings.—For a mos. ending Mar. 31, 1900, gross, $12,601,282,
against $11,267,592 in 1889. For 6 mos. ending Dec. 31 (partly estiin 1899)
Gross.
Net.
Other inc.
6 mos.
Charges. Bal. for div.
1899. ...$28,385,800 $11,404,300 $2,187,700 $8,526,000 $5,067,000
1898.... 24,405,148
9,217,065 2,184,534 8,259,636 3,141,963
Dividends in 1899 (2H p. 0.) call for $2,250,000; in 1898 (2 p. c),
$2,000,000.
mated
& O.
& O.
M. & N.
M. & N.
Q.-J.
J. & J.
J. & J.
M. & N.
M. & 8.
M. & S.
J. & D.
J. & J.
F. & A.
P. & A.
Checks mailed.
Oct.'99,2ia%
N.Y., U.S.Mort.&TT.Co. Oct. 1, 1935
London, Baring Bros. May 1, 1904
N.Y..D.
H. Canal Co. May 1, 1904
N. Y., Or. Centl Stat'n. Apr.ie.'OO.m
N. Y., Gr. Cent. Station. Jan. 1, 1903
London, Union Bank. Jan. 1, 1903
N. Y., Gr. Cent. Station. May 1, 1905
1900 March.
Y., Gr. Cent. Station. Mch. l.'OO,
Y., Union Trust Co. Oot. 1, 1937
Y., Central Trust Co. Yearly to 1902
do
Yearly to 1911
do
5
1,726,000
5 g.
4,000,000
6 g.
1,000,000
4*2 g.
115,000,000 4 in 1899
al8,498,000
7
a6,309,148
6
a3,965,000
4 g.
a5, 110,000
5
a682,000
5
a5,767,000
4 g3i2
36,028
- g90,569,200
3^g.
18,588,945
3^g.
3%
A.
A.
&
do
do
do
do
do
do
1904
1904
June 1, 1905
July 1, 1997
Feb. 1, 1998
Feb. 1, 1998
2000
do
do
do
do
do
Sept. 1,
Sept. 1,
do
14,066",6bV>
11,000,000
5,000,000 5 in
19,425,000
240,000
281,000
1,500,000
8,646,050 See
1,353,950 See
12,000,000
5
5
g.
New York.
May
1,
1946
text. See text N, Y., Gr. Cent. Station, Apr. 2. '00,
do
text. See text
do
Apr. 2, '00,
M. & N.
M. & N.
Q.-J.
7
3*2 g.
5
12,000,000
5,000,000
5,000,000
6
5
4
Is
5%
& O
M. & S
F.&A 15
M. & N.
A.
i*
ld,066",6b0
J.
F.
M.
given in
&
&
&
do
do
From May
N, Y.,
J.
A.
N.
first left
1,
1900.
by Del. Lack. AW.
do
do
do
do
do
do
May
May
1,
1,
2%
2%
1900
2000
Apr., '00, 1H%
Jan. 1, 1921
Aug.
May
1,
1,
1923
1923
hand column
Annual Report.— Fiscal year ends June 30. Report for 1898-99 was
given at length in V. 69, p. 488, 495. See also editorial p. 469.
Years end. June 30.
1899.
1898.
1897.
Miles
2,395
2,395
2,395
height earnings
$27,529,964
$27,496,130
$25,850,731
Passenger earnings
13,723,115
13,250,801
13,094,620
Mail, express, eto
4,931,578
5,027,309
4,669,053
Total gross earnings. ..$46,184,657
17,055,676
4,324,672
$45,774,240
$16,263,226
2,251,472
$43,614,404
$16,014,493
665,735
Net income
$18,514,698
$5,972,422
5,480,105
224,460
1,883,240
$16,680,228
$5,924,736
4,126,490
228,905
2,048,230
Net earnings
Other income
.
were reported separately, but the $3,810,874 dividends on their shares
held by the Central caused the large increase in the item " other income," offset by a like amount of interest on the collateral bonds is-
terests,
$350,000
650,000
refu ndlng began
New York Central &; Hudson River RR.— (See Map.J-Includes
Lines owned.
£ond«-Prlnoipal, When Dae.
Where Payable, and by Stocks— Last
Whom.
Dividend.
INTEREST OR DIVIDENDS.
RAILROADS.
Deduct— Rentals paid
$21,380,348
$5,903,508
7,523,430
245,167
1,738,127
55,064
300,000
. .
Interest on debt
Taxes on earn. & stock..
Taxes on real estate...
U. S. Int. Rev. tax
Reserved f or deb'tures..
300,000
300,000
Dividends
4,000.00<>
(4) 4,000.000
( 4) 4,000,000
( 4)
bala nce from operat'n.
$654,471
$1,615,052
$51,86/
'Operating expenses include $800,000 for new equipment in
1897-8 $870,000 in 1898-9.
President, S. R. Callaway; Chairman of the Board, Chauncey M.
Depew. Directors (April, 1900) William K. Vanderbilt, Frederick W.
Vanderbilt, Chauncey M. Depew, Samuel F. Barger, J. Pierpont Morgan, William Rockefeller, Hamilton McK. Twombley, Samuel R. Callaway, Charles C. Clarlre, D. O. Mills, William Bliss, Samuel D. Babcock
;
:
and George
S.
Bowdoin.—V. 70, p.
76, 125. 532, 792.
New York Chicago & St. Lonls RR.— (See Map of New York Oen»
tral
Hudson
<£
River.)
—Owns from Buffalo, N. Y., to
Illinois State Line,
except 8 miles leased between Dunkirk and Silver Creek, leaving 494
miles leases the proprietary line, Chicago & State Line RR., 111., State
Line to Grand Crossing, 10 miles; also leases Dunkirk to 8ilver Creek,
8 miles total. 512 miles trackage in Buffalo, N. Y., 1*q miles, ana
Grand Crossing Chicago, 111. (Lake Shore RR.). 9 miles.
History.— " Nickel Plate" road, foreclosed and reorganized In 1887.
Stock.— Lake Shore & Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
;
;
;
Dividends—On )
'91.
3^%
'92.
'93.
'94.
'95.
'96.
'97.
*98.
'99.
'00
5
4
5%
2%
Bonds.— A sinking fund of $100,000 per year is provided when net
earnings are $900,000 or upwards, if bonds can be bought at or below
102; if not, the sinking fund lapses for that year, thus leaving $100,000
more for dividends. The original issue of bonds was $20,000,000, and
It has been reduced to present amount by the sinking fund purchases.
Statement of road under mortgage In Supplement of Sept., 1894. See
abstraot of mortgage.— V. 45, p. 541.
Annual Report.—Report for 1898, V. 68, p. 923. Principally a freight
line, freight in 1898 contributing $5,330,676 out of $6,391,421.
1896.
1897.
1899.
1899.
Year end. Dec. 31—
1st pref. in
March
\
3
3
$6,391,420 $5,815,217 $5,587,766
977,605
1,084,592
1,035,270
987,248
1,041,226
1,091,891
Net, incl'g other inc'e. 1,212, 823
777,000
777,000
777,000
Interest on bonds.. )
112,972
112,392
116,542
885,241
Equip, tr. charges. >
94,190
90,694
93,373
Rentals
)
(2) 100,000
Div. on 1st pref*
(5) 250,000
$58,4tol
$3,086
$7,655
Balance, surplus.
$77,586
*Note.— Dividends from earnings of vear given are paid in Marob
of following year. Pres., William H. Canniff7—V. 70, p. 230, 381.
—(See Map of Erie RR.)—
New York Greenwood Lake
Owns from Jersey City, N. J., to Greenwood Lake, 41 miles, and
branches to Ringwood, etc, 8 miles; Watchung Ry., Forest Hill to
Orange, N. J., 4 m.; total owned, 53 m. Stock, $100,oOO; par, $50.
Lease.— On May 1, 1896,was leased to the ErieRR. for 999 years from
May 1, 1896, for interest on prior Hen bonds. In September, 1897,
$48,000 of the $1,500,000 prior liens were held to retire old incomes
yet unexchanged. Prior lien bonds are guaranteed, principal and Interest, by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
Gross earnings
$6,918,918
1,201,477
Net earnings
1
Ry
&
&
RR.—
Owns New York City to Chatham,
Harlem
York
N. Y., 136 miles (four-tracked 7 miles norch of Harlem River). Use
Boston A Albany RR. to Albany, 24 m. Also owns Fourth Ave. St. RR.
Lease.— The property (except the horse railroad) was leased April 1,
1873, for 401 years, to the N.Y. Cent. & Hudson River RR. at 8 per cent
In April, 1900, it was
dividends on stock and interest on bonds.
agreed that the saving in interest charges of $420,000 per annum
from refunding $12,000,000 7s at ZH percent should go $200,000 to
the Harlem and $220,000 to the Central. V. 70, p. 740, The horse road
was leased in July, 1896, to Metropolitan Traction Co. for 999 years
at $350,000 yearly (3^ p. 0. on stock) for 5 years and $400,000 (4 p. o.)
On Oct. 2. 1899, an extra dividend of
thereafter. V. 62, p. 1088.
$12 50 per share was paid from funds derived in part from proceeds
of certain real estate sold In 1899 for $1,350,000. See V. 67, p. 223;
V. 69, p. 180, 591.
New
B1L, 19(0.]
KAULKOAD STOCKS AND
tiONDS.
103
104
INVESTORS'
SUPPLEMENT.
I
LXX.
Vol.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
RAILROADS.
Miles
Date
For explanation of column headings, &c, see notes of
Par
of
on first page of tables.
Road. Bonds Value.
JT.
T. rfl,.
Br.-Gen M. (now
38
38
1st)
$2(50 o,000 # g.o"
Hew York. New Haven dk Hartford— Stock. See text.
1st mortgage (for $5,000,000)
r
Debentures, exchangeable for stock 1903
c*
Deben., $10,000,000, currency, non-convert. c&r
N. Y. Prov. & Boston, 1st mort., assumed
o*
Gen'l mort. for $4,000,000, gold, assumed, o&r
Shore Line 1st M., N. Hav. toN. London, assumed
Housatonio old consolidated mort. (assumed)...
New consol. mort. ($3,000,000) g. (assumed). c*
Bonds of Proprietary, ktc, Lines:
Bos. &N.Y. AirL. lstM.,N. H.to Wllllman.,Ct.c*
Colchester RR. 1st
Danbury & Norwalk con. M. ($100,000 are 6s). o*
Genl. M.,Danbury,Conn.,to Wilson Point, &c.c*
Harlem R.&Porto.lstM. guar. ($1,000,000 6s) .c&r
2d mortgage, guar. (See V. 56, p. 813)
c<fer
Naugatuck 1st M., Nauga. June, to Winsted. Ct.r
New Haven & Derby, consol. mort. (Nov. lst)..o*
N. H. & No. consol. s. f $1 5,000 p. yr„ not drn o*
|
123
12
62
49
74
80
51
M
,
.
.
Northern Extension bonds
o*
3i*
36
36
12
12
55
13
114
27
Deb'tures ext. in '96, non-conv.,V. 62, p. 548.C*
Holyoke & W., leased, mtge. $200,000, guar..c*
17
New England and Old Colony—See those cos.
Providence & Worcester 1st mortgage, currency
51
Nantasket Beach, 1st mortgage
N.T.0.4 W.— Ref. (1st) M. $20,000,000, g.Me o*<tr Text.
Notes, secured by 1st mort. on Scranton Coal Co.
1891
1891
Amount
Size, or
$1,000
1,000
100
1883 1.000&
1893 lOO&c.
1897
i.o'oo
1881
1,000
1892
1880 l,C OO&c
1880 500 <feo.
1.000
1887
Outstanding Rate
$
Payable
Cent.
Monti*-- Print ipal, When
Whom.
Sept. 1, 194*
,
500,000
25,000
500,000
150,000
2,000,000
1,000,000
150,000
575,000
1,200,000
700,000
700,000
200,000
F.
4
4
5
6
5
5
4
4
2*2
4
June
J.
J.
5& 6
5
6&7
1,000
1,500,000
1897
250,000
1880
1892 l.OOO&o 15,437.000
1,000
1899
2,500,000
Sept.
g-
1,
1941
Mch.31,*00,2%
& A. N.Y., Lincoln Nat. Bank
& J.
& J. New Haven ,Conn.
do
do
A. & O.
A. & O. N. Y., Chem'al Nat. Bk.
do
do
J. & D.
J. & D. New Haven, Ct., Treas.
New Haven, Conn,
M. & N.
do
do
A. & 0.
do
do
A. & O.
do
do
J. & J.
do
do
A. & O.
A. & O. Prov.,R. I. Hosp. &T.Co
A. & O.
M. & 8. N. Y. Office," 56Beaver.
5
7
Due.
Stocks— Last
Dividend.
Payable, and by
$192,000
5 g. M. & S. N. Y Liberty Nat. Bk.
do
1,500.000
do
4 g. M. & S.
53,308,600 81nl899 Q.--M.jo New Haven, Co.'s Office.
2,000,000
4
J. & D. N. Y., Chem'al Nat. Bk.
16,397,200
4
A. & O. N. Y., Lincoln Nat. Bk.
M. & S.
3,000,000
4
New York.
do
300,000
4
A. & O.
do
do
1,000,000
do
4 g. A. & O.
4»3
200,000
M. & 8. N. H., Nat. N. H. Bank.
100,000
New Haven, Conn.
4
A. & O.
2,839,000
5g. M. & N. N.Y.,Farm. L. &Tr.Co.
1880
1,000
1877
1880
1,000
100
1883
1,000
1873
1.000
1881
1883 l.OOO&c
1,000
1888
1,000
1879
1,000
1881
1,000
1886
1.000
1891
ANNUAL DIVIDENDS 1897 TO JULY, 1899.
Guaranteed by N. Y. Central
.. 8% (Jan. 4%, July 4%)
From Metropolitan Street Ry. rental.
3^% (April 1%%, Oct. 1%%)
Extra as int. on Investments (V. 67, p. 178)... ^% (April ^%, Oct. 14%)
Also in Oct., 1899, an extra 25 p. c—V. 69, p. 645; V. 70, p. 687.
New York Laekawanna 6c Western Ry.— BinghamtontoBuf"
falo and Internat'l Bridge and branches, 214 miles, of which the main
line, 213 miles, is double track; Delaware L. & W. has a lease for duration of charter from October, 1882, giving a guaranty of the bonds anfl
5 per cent yearly on the stock, bonds and stack being endorsed. See form
of guaranty of terminal bonds in V. 67, p. 1357 see also V. 68, p. 283.
New York Lake Erie 6c Western BK.— See Erie RR. Co.
New York New Haven 6c Hartford RR.— Covers Southern
New England and the only direct routes between New York and Boston.
Leased (part Owned.)
Miles.
Lines Owned in Fee—
Miles. New Eng. RR. (which see)
536
Junction near N. Y. City to
Old Colony RR. (which see)..616
Springfield, Mass
122 Litchfield, Conn. to Bethel
38
INTEREST
per When Where
1,
1903
See text.
Mch.
Apr.
Apr.
Mch.
Apr.
Nov.
Aug.
July
July
Apr.
Oct.
June
June
May
Apr.
Apr.
July
Apr.
Oct.
Apr.
June
1,
1,
1,
1,
1,
1,
1947
1901
1942
1,
1,
1,
1,
1,
1,
1905
1907
1920
1,
1,
1,
1,
1,
191©
1910
1937
1925
1909
1911
1913
1,
191S
1909
1911
1904
1911
1,
1,
1,
1947
1901
1992
5
1899
Net earnings
Other Income
$11,562*661
623,423
1898.
$9,431,052
601,068
1897.
$9,580,077
614,071
1896.
$9,208,403
855,685
Tot.netincome$12,186,084 $10,032,120 $10,194,148 $10,064,089
$826,091
$883,999
on fund. dbt. $1 ,100,1 19 $1,024,138
660,766333,988
Other interest.
28,995
10,953
3,418,105
3,450,172
Rentals
3,370,477
4,537,875
1,492,337
1,647,744
Taxes
2 171 1 67
1,688,871
Int.
.
Dividends."".".'.'.!.'
(8)4',158,688 (8)3,809,816
(8)3,803,516 (8)3,608,542
;
—
,
Lines to Providence, Pittsfleld,
Leaded
326 Providence & Worcester
48
Leased and Controlled—
Otherlines
20
Lines to Turner's Falls, etc.... 268 Trackage to N. Y. City, etc
30
Otherlines
...
43
Total oper. July, 1899 (86 miles has four and 662 two tracks).. 2,047
Also controls Fall River, Providence & Stonington and New Haven
Lint-s
Litchfield, etc
SS. lines.
History.—A consolidation in 1872 of the
and the Hartford & New Haven. In years
control of several companies whose bonds
The Housatonic, Shore Line, N. Y. Prov. &
Litchfield & Northern have been absorbed
New York & New Haven
1892 and 1893 acquired
are given in table above.
Boston and the Shepaug
by consolidation. V. 69.
See also Old Colony. In Nov., 1899, four-tracking, etc., at
p. 742.
Bridgeport, Conn., to cost perhaps $3,000,000,was begun. - V.69,p.«55.
In 1895 acquired control of the New England RR.
Electric Railways.—In 1895 control was acquired of the Stamford
St. Ry. and the Meriden Electric Ry. Electric railway between Hartford and New Britain, 10 m., was opened in May, 1897, and additional
lines, about 18 miles, in 1899. V. 67, p. 732; V. 69. p. 742. In Jan.,
1H00, acquired control of People's Tramway of Killmgly, Conn.— V.
71, p. 76.
Capital Stock.— Stook authorized, $100,000,000. It may be issued
for Improvements, buying stocks and bonds of leased roads, &c;
$16,397,200 will be needed to take up the convertible debentures in
1903. (V. 56, p. 289, 373, 579.) During 1900 $2,448,900 new stook
will be issued to retire $705,000 New Haven & Derby 6s and 7s, maturing Feb. 1, 1900, floating debt, etc., raising total Issue to $54,757,500. V. 70, p. 176.
Dividends.— ) 1873-1893.
1894.
1895 to Mar., '00, (incl.)
Per cent, s 10 yearly.
9
8 (2 per cent quar.)
Bonds.— The convertible debentures of 1893 for $16,397,500 are exchangeable at option of holder "on April 1, 1903, or within 60 days
thereafter, and no longer," for company's stock at par. If not then
exchanged they will be paid in cash April 1, 1908. See V. 55, p. 1035,
and description page 4 Sup. of April, 1895. Under the lease New
Haven road "assumed" the debt of Old Colony. In 1897, $5,000,000
New England 5s were guaranteed and sold. V. 64, p. 611.
Leased Line Stocks.—The stocks of the leased lines unexchanged
on June 30, 1899, or later, and the dividends payable thereon are shown
below, the shares being all $100 each excepting Danbury & Norwalk,
which are $50 each. The leases are for 99 years,
•
—
Stocks
Totai, issue.
Vnexch. Divid'd. Period.
Berkshire
$600,000
$599,000
6 p. c. Q.— J.
B. AN. Y. Air Line pref
2,998,500
1,398,000
4 p. c. A. & O.
do
do
common.. 891,100
157,000 Pays no divid'd.
Danbury <fe Norwalk
600,000
152,950
5 p. c. J. & J.
Naugatuck
2,000,000
1,020,400 10 p. 0. J. & J.
N. H. & Derby
447.000
73,600
4
J. & J.
New England, common
20,000,000
82,300 Pav s no divid'd.
do
do
preferred
5,000,000
92,200 3p.c. Oct.31,&c
N. H. & Northampton
None.
2,460,000
4
A. <feO.
Old Colony
16,608,900 11,090,900
7
Paw tuxet Valley (par, $ (?))... 100,900
100,900
7 p.
&j.
Stockbridge & Pittsfleld
448,700
437,700
6
Q. -j.
Latest Earnings.— 6 months ending Dec. 31
Oross.
6 mos.
Net.
Other inc. Int.. tax, etc.
Bat., sur.
1899. ... $21,309,605 $7,968,064 $284,718 $3,948,856 $4,203,926
1&98
18,867,872
6,708,109 521.132
3,865,442
3,363,799
fr
Annual Report.— Annual meeting is oeld third Wednesday in Oot.
Report for 1898-99 in V. 69, p. 742. Gross earnings include Old Colony, and in 1898-99 New Eng. RR and Shep. Litch. & Nor. RR., but not
the steamboat lines, the income from the latter being in other income.
Yr. end. June 30.
1899.
1898.
1897.
1896.
Miles operated..
1,464
1,464
2,047
1,464
Passengerearns.$18,384,831 $15,901,669 $15,967,864 $16,274,100
Freight earns... 18,381,849
14,081,857
13,340,213
13,772,071
Miscellaneous...
339,212
315,25 6
377,237
299,459
Gross earnings.. $37,143,917 $o0,322.738 $29,623,333 $30,345,630
sur.$207,282 sur.$109,823 sur.$74,729 sur.$58,348
basis, gross earnings in 1 897-98 were $35,960,218Prea.. John M. Hall, New Haven.— V. 69, p. 646, 742, 955, 1062.
1248; V. 70, p. 76, 176, 328, 792.
NcwYork&LongBranchRR.-PerthAmboyto 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 on bonds and 7
per cent dividends on $2,000 000 stock, all owned by Cen. RR. of N.
J. The $1,500,000 1st 5s were called for payment on June 1. 1899,
and replaced by gen. 4s, now a first mortgage. V. 68, p. 283.
Balan ce
*
Upon the same
New York Ontario 6c Western Ry.— (See Map.)— Operates
from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Oswego to Cornwall, N. Y
Branch to New Berlin
Miles.
Road
Miles.
Controlled, die.
4
Pecksport Conn, (all owned)
Ontario Carb, & S. (all owned.)
Cadosia.N.Y., to Scranton, Pa. 54
do
to Delhi
1T13
do
to Ellen ville
8 Rome& Clinton (leased)
Utica Clinton & Bing. (leased). 1T3i
7
319 Wharton Valley (owned)
Total owned
Trackage (till 2079) W. Shore RR.:
IT See this Co.
Total operated July 1,1899. .481
C'nwalltoW'h*ken(V.61,p.425) 53
Organization.—The New York & Oswego Midland was sold in foreclosure Nov. 14, 1879, and this company organized.
Stock.— Stock is $58,118,982, (par, $100), of which $5,000 is old pref.
Voting Trust.—The preferred was originally $2,000,000, but all ex
cept $5,000 has been exchanged for bonds under act of June 8, 1885..
The exchanged preferred stock is held alive under a voting trust and
elects eight of the thirteen directors under a provision of the " Articles
of Association," until a dividend shall have been earned and paid upon
the common stock. The voting trustees elect directors in the interest
of the common stock. See V. 61, p. 425, 426. and editorial, V. 65. p. 495.
Bonds, Etc.— Refunding mortgage for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. & scranton Ry.,
54 miles, and all other property hereafter acquired. After retirement June 1, 1899, of the 5s of 1889 there were $15,437,000 of the
4s outstanding; the remainder of the $20,000,000 will remain available for additions, improvements, etc.— V. 67, p. 579.
Loans and bills payable, June 30, 1899, $3,150,000. See General
Finances below.
Gkneral Finances.— Early in 1899, the coal properties at Scranton.
Pa., of the Lack. Iron & Steel Co., estimated to contain from 25.000,000 to 30,000,000 tons of anthracite coal (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 $2,5* 0,000 5 p. c. notes extending over a period of years secuied by a first mortgage on the property of the coal company and
loaning $1,475,000 secured by a second mortgage on the coal property, the O. & W. obtaining a contract for the entire tonnage. V. 6*. p.
41 and V. 68, p. 429. The $1,475,000 was obtained by sale of $1,000.000 refunding 4s and by borrowing $500,000 as a temporary loan
The coal company is expected ultimately to take care of all the obligations created.— V. 69, p. 604, 646. Beginning July 1, 1899. many improvements of a kind previously charged to capital account will be
charged by the Ry. Co. against operating expenses.— V. 69, p. 604.
Earnings— 8 months.) 1399 0... Gross, $3,425,235; net, $1,127,251
854,963
2,768,201 net,
$ 1898-9.. .Gross,
July 1 to Feb. 28.
For 6 mos. ending Dec. 31, 1899, net, $1,000,335, against $740,760;
other inc., $138,506; charges, $569,737; sur., $569,104, agst. $319,908
Annual Report.— Fiscal year ends June 30. Annual meeting last
Wednesday in September. Report for 1898-99 was given at length in
V. 69, p. 5*90, 603; see also editorial, p. 568. Coal traffic in 1898-991,991,987 tons (out of 1,605,508 tons), against 2.935,416 in '97-98.
1897.
1899.
1898.
Tear ending June 30.
$3,894,403
$3,914,635
$4,346,164
Gross earnings
2,780,497
2,801,642
Operat'g expenses and taxes. 2.97i>,110
272
22
17
. .
,
;
Balance, net earnings
$1,376,054
Tot. net income, incl. "other." $1,543,973
625.207
Interest on mortgage bonds..
46,319
Miscell. interest and discount
Rentalspaid
Balance, surplus
President. Thomas P.
p. 230, 328.)
186,081
$686,366
Fowler— (V.
69, p.
$1,112,993
$1,199,739
615,000
182,278
$402,461
$1,113,906
$1,196,706
609,05S
4,478
183,263
$399,910»
V. 70.
603, 646, 695. 1012;
A PHIL,
1900. J
RAILROAD STOCKS AND BONDS.
105
INVESTORS' SUPPLEMENT.
106
rvou lxx.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables,
Bonds—PrineiINTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal.When Dne.
Par Outstanding Rate per When Where payable, and by Stocks— Last
of
For explanation of column headings, Ac, see notes of
Road. Bonds Value
Cent.
Payable
on first page of table.
Whom.
Dividend.
N. Y.<6 Ottawa
RR — 1st M., $3,500,000.... Sx.c*«fcr
2d M. Inoomes (ouui. after July 1, 1900), g.S...r
New York <6 Pennsijlvania— 1st M., $420,000
N.Y. Phila. dt Norfolk— IstM., $3,000,000, g.FP.c*
Income mort., g., non-eum., reg, ($1,000,000) KP
N. Y.
dt
Putnam.— N.Y. & No., 1st mortgage, gold.c
&P. 1st con., $6,200,000, g., gu. p.Al. end..c*
N. Y.
N. Y. dt Rock. B'h.—Xst M., $1,000,000, gold, gu..c*
128
128
112
112
57
57
12
12
Western —
N. Y. Susquehanna dt
Midland RR. of N. J, lstmortgage, gold
o*
Paterson Extension RR. 1st M., real estate, g..o*
N. Y. Bus. & W. 1st M., refdg, g. ($5,000 are!6s)..c*
2d mort. ($1,000,000 gold) 3d M. on 73 miles. o*
General mortgage for $3,000,000, gold
o*
Collateral trustbonds, subject to oall, cur
Termina'. 1st mort. for $2,000,000, gold. Us.c*<fer
.
72
1
134
134
134
....
1897 l.OOO&o $1,728,000
4g.
632,000
1897 1,000
6
420,000
1896 100, &o.
6
1899
1,000
2,500,000
4g.
1.000,000
1899
1,000
4
1,000
1,200,000
1887
5 g.
1,000
4,025,000
1894
4g984,000
1887
1,000
5 g.
1887
1,000
1,000,000 mostly o
1880 500&C.
1881
1,000
1,000
1887
1887
1,000
1,000
1890
1,000
1895
1893 l.OOO&c
3,500,000
250,000
3,750,000
453,000
2,547,000
343,000
2,000,000
161,350
—
Subsidiary companies
Wllkesb. & East'n, 1st M., gold, guar. p. & i. fTs.o*
Susq. Conneot. RR. 1st M. g.,red. at 105, guar c
N. Y. & Wllkesbarre Coal Oo. 1st mortgage... Co
2dM. (pledged under Col. Tr. of 1895)
N. Y. & Ontario Land Co. 1st M., gold
IT. Y. Texas <&Mex.— 1st. M.,g.,$or *,gu.by8o.Pac.o"
Norfolk dt Carolina—1st M. for $1,500,000, gold.c*
2d mortgage, $500,000. gold
S. Ba,, o"
Norfolk dt Southern Capital stock
—
Norfolk & West. Ry.— Common stock, $66,000,000
Adjustment pref. 4 p. c. non.cum. $23,000,000..
New
&
65
....
91
110
102
144
144
1892
1897
1893
1895
1890
1882
1889
1896
1,000
1,000
1891
1,000
500
1,000
1,000
100
—
100
100
RR.—
Incorporated in July, 1897, and acYork Ottawa
quired the Northern New York RR., Tuppers Lake to Moira, N. Y., 56
miles. Cornwall, Canada, to Ottawa, 57 miles, operated from July 29,
1898. Line from Tuppers Lake to Ottawa, 128 miles, in operation,
except the bridge over the St. Lawrence. Capital stock authorized In
September, 1898, to be increased from $1,480,000 to $3,000,000, to
acquire stock of subsidiary companies. V. 66. p. 1189. On Oct. 28,
1899, $2,540,000 stook was outstanding. Bonds have been authorized
per mile :flrst mortgage, $15,000; second mortgage, $5,000. (V. 66, p.
1189.) Year ending June 30, 1899, gross, $53,450; def under oper. exp.,
$4,251; other inc , $37,711; charges, $73,563. Coupons of May, 1899,
and since in default; reorganization proposed.— (V. 69, p. 1010.)
.
New York & Pennsylvania RR.— Oswayo, Pa., to Canisteo.N.
42 miles. In Dec, 1898. contract reported let for extension from
Oswayo, Pa., to Milport, N. Y., 6 miles. Stock, $500,000 (par, $100);
all outstanding.
For year 1898-99, gross, $55,304; net, $21,843;
charges, $18,710.— V. 62, p. 1178.
New York Pennsylvania & Ohio RR.—See Erie RR.
Y.,
New York
Philadelphia
A:
Norfolk
RR.— Delmar,
Cape Charles, Va., 95 m., and King's Creek, Md., to
Del., to
Crisfield, 17 miles.
Reorganized in 1898-99 without foreclosure, per plan In V. 66, p. 760.
Securities.— Stock, $2,000,000; issued, $1,714,375; par, $50; represented by negotiable trust certificates issued by Fidelity Insurance
Trust & Safe Deposit Co. of Phila. Of the $3,000,000 1st 4s, $500,-
000 are reserved: for improvements.—V. 68, p. 773, 978. As to incomes, see V. 68, p. 978. First int. on incomes, 2 d. c, paid Nov. 1,
1899—V.
69, p. 906.
Gross, $1,106,152; net, $314,508
926,oll; net, 166,914
Gross,
67, p. 275, 1357; V. 68, p. 188, 724, 773, 978; V. 69, p. 906.
New
RR.—
&
Owns 155th Street and 8th Ave.,
York
Putnam
N. Y. City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles;
double- track branch to Yonkers, 3 m.; operates 4 m.; total, 61 miles.
History.— Successor to the N. Y. & Northern, sold under foreclosure
Of 2d mort. Dec. 28, 1893, and purchased for N. Y. Central & Hudson
River RR., which operates it under lease— see V. 63, p. 754, 820, 1159.
Stock.— Capital stock is $6,500,000; par, $100.
Bonds.—The New York Central guarantees the new consolidated
mort. bonds, of which $1,000,000 were reserved for improvements; also
$1,200,000 to retire at maturity the first 5s.— (V. 66, p. 83, 135.)
York Rockaway Reach Ry. —(See Map Long Island RR.)
—Owns from Glendale Junction to Rockaway Park, with branch, 12
miles, of which 10 31 miles double track, mostly 80-lb. steel leases,
1-93 miles; total. 13 '93 miles; trackage to Long Island City, Brooklyn, Far Rockaway, etc., 18 miles. Stock authorized and outstanding,
$1,000,000 par, $100. Controlled by Long Island Railroad Company,
wkose endorsement is printed on tirst mortgage bonds, of which in
Dec, 1899, $111,000 owned by L. I. RR. and deposited under its unified mortgage, together with about $800,000 of the incomes. For year
ending June 30, 1899, gross, $254,300; net, $80,503; interest, $49,200; bal., surplus, $31,303. In 1897-98, net, $76,301. (V. 66, p. 1046.)
York Susquehanna
"Western
Operates direct
line from Wilkesbarre and the Wyoming Valley coal fields to Jersey
City opposite New York City, with branches, a total of 238 miles:
Lines leased, etc.
Lines owned in fee.
Miles.
Miles.
Jersey City to Gravel PL, Pa.. 101 Middletown Un. & Water GapIT 14
[Double track 19 miles.]
Wilkesbarre & Eastern
65
Two bridges, N. J., to Unionville 21 Susq. Connecting RR
10
24 Trackage
Other branches
3
&
New
#
;
;
New
&
RR.—
Total road operated (Usee this co.) June 30, 1899
238
History.— Consolidation in June, 1881, of the Midland of New Jersey,
and on April 25. 1893, with Hudson River RR. & Terminal Co. In
1898 nearly all of the capital stock was exchanged for stock of
the Erie RR., which operates the line as an independent outlet to New
York. See V. 66, p. 53, 83 and 759.
Stock.— Pref., $13,000,000; com., $13,000,000 of which the Erie
owned June 30, 1899, $12,280,700 common and $12,860,100 preferred.
None
Dividends.— ) Nov., 1891, to 1893.
2 "a yearly.
since.
On pref., p. ct. 5
Bonds. —The issue of refunding mortgage bonds is limited to $3,750,Of the general mortgage 5s, bonds are reserved to retire the
second mortgage 4 1ss. Bee mortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment of $60 per bond.
As to terminal bonds listed in Sept., 1893, see Supplement of Jan.,
1898, an<i abstract of mort. V. 57, p. 512. The Wilkesbarre dt Eastern
1st 5s (Guaranty Trust Co., formerly N. Y. G. & I. Co., trustee) are
unconditionally guaranteed.— V. 60, p. 481.
Susquehanna Connecting RR. issued $500,000 of bonds guaranteed;
$25,000 are redeemed at each interest period. (V. 65, p. 409.)
The New Jersey Midland junior securities are exchangeable Into
stock of this company on certain terms, and have mostly been so
exchanged. There are also outstanding $70,000 Passaic & N. Y. RR. 6s,
due 1310 (Int. J& D), interest on which is guar, under 999-year lease.
000.
5
&6g.
J.
J.
M.
&
&
&
&
&
&
<fe
N. Nov., '98,coup.last paid.
J. HornellsvlUe.N.Y.offlce
J. Phila., 26 So. 15th St.
do
N.
do
(See text.)
New York City.
O.
O. N.Y., Gr. Cent. Station.
M.
S. N.Y..U. 8. M. &Tr. Co.
wnedby L. I. RR. Co.
A.
A.
A.
J.
J.
4lgg. F.
* g. F.
M.
5g. M.
6
&
&
&
&
&
&
&
Nov.
July
1
1
Jan.
Jan.
1,
1,
Oct. 1,
Oct. 1,
Sept. 1,
O. N.Y.Of. 26 Cortlandt st Apr. 1,
D.
do
J.
do
do
do
do
do
A.
A.
N.
N.
June
do
do
do
do
do
do
May
May
1,
1,
1.
1,
1,
1,
do
June
1,
Office.
Mar.
Nov.
1,
Jan.
Feb.
Aug.
1917
1912
1939>
1939
1927
1993
1927
1910
1910
1937
1937
1940
1905
1943
5
5
g.
J.
6g. M.
M.
6
& D.
& S.
& N.
do
New York
N.Y.Of. 26 Cortlandt st
1,
1942
1907
19S3
5
6 g. F. & A.
4 g. A. & O.
5 g. A. & O.
400,000
5 g. J. & J.
2,000,000 4 in 1899 Q.-J.
1,350,000
& N.
5 g.
64,479,400
22,742,900 4 in 1899 F. & A.
M
N. Y. Central Tr Co.
N. Y..8.Pao.Co.; London.
N. Y., Central Trust Co.
Feb. 1, 1910Apr. 1, 1912
Apr. 1, 1939
Bait. SafeDep. &Tr.Co. Jan. 1, 1946
N. Y., Atlantio Tr. Co. Apr.l0,'i)O
.
May
do
do
N. Y.,
Off.,
40 Exch.
1,
1941
PI. Feb. 23,* 00,2%
Earnings.— 8 mos.,
) 1899-1900.. .Gross, $1,832,852; net, $856,66$
July 1 to Feb. 28. S 1898-1 899... Gross. 1,621,435; net, 784,609
Report.— Report for 1898-99 in V. 69, p. 489, showed on 238 miles :
Year.
Gross.
Net
Oth. Inc. Charges.
Bal. Sur1^98-99
$2,446,653 $1,083,132 $28,904 $945,146 $166,790
1897-98
2,329,119
1,022,132
(V. 69, p. 489).
New York Texas &. Mexican Ry.— (See Map of Southern
Pacific.)— Owns from Rosenberg to Victoria, Texas, 91 miles. Stock,
$630,040, of which Southern Paoiflo Company owns $615,000. There
are also $60,500 old sixes outstanding
Operated by the Southern
Pao. Co., which guarantees the 4 p. c. bonds. Branch from Wharton, 30
miles southeast, proposed Nov., '99. See also Galv. Har. & San Antonio.
EarninG8.-8 months, > 1899-1900. .Gross, $209,153; net, $88,563
July 1 to Feb. 28.
221,848; net, 104,211
] 1898-1899.. Gross,
In year ending June 30, 1899, gross, $308,737; net, $125,679;
surplus overtaxes and charges, $23,858
In 1897-8, gross, $362,452;
net, $188,496. Due So. Paciflo Co. June 30, 1899, $356,319.
Norfolk
Carolina RR.— Owns from Norfolk, Va., to Tarboro,
N. C, 100 miles; branches, 9 miles; spurs to factories, etc., 2 miles.
In April, 1900, consolidation was pending with the Atlantic Coast
Line RR Co., which see. Eaoh share of stock will receive 150 per
cent in preferred and 50 per cent in common stock of the new company. V. 70, p. 791. Stock, $2,500,000; par, $100. Dividends: In
1896, 3 p. c; in 1897, 6 p. o. V. 62, p. 186. In year ending June 30,
1899, gross, $707,851; net. $290,989 other income, $5,653 interest,
$86,000 dividends, $175,000; bal., $35,642. In 1897-8, gross, $686,856 net, $272,903.— V. 66, p. 233.
Norfolk
Southern RR.— Owns Norfolk, Va., to Edenton, N. C,
74 miles; (ferry across Albemarle Sound to Mackey's Ferry, 9 miles;)
thence road to Belle Haven, 30 miles; Norfolk to Virginia Beach, 18
m.; Kempsville to Munden's Point, 22 m.; total main line, 144 miles.
In Feb., 1900, the Norfolk Virginia Beach & Southern RR., 40 miles,
inoluded above, was acquired by deed, $520,000 bonds being issued
therefor. The Norf. Vir. B. & So. $254,000 five per cent bonds were
canceled, its $350,000 stock representing the Princess Anne Hotel
and 1,300 acres of land at Virginia B^ach. V. 70, p. 76, 381, 532.
Dividends.—July, 1892, to Apr., 1900, incl., at 4 p. c. per annum.
.
&
;
;
;
;
Earnings.— Year J 1899
toJune30.
\ 1898
—V.
g.
6g.
3,000,000
375,000
478,000
Pledged,
547,000
1,457,500
1,320,000
500
&£$
6
M.
&
Report.—
Gross.
Net.
Other Inc. Charges. Sur. tor div.
1898-9
$552,041
$171,902
$3,596
$40,233 $135,265
1897-8
$526,835
154,743
120,715
4,455
38.483
In each year paid dividends of $80,000.— V. 70, p. 76, 381, 532.
Norfolk Virginia Reach
Southern
Norfolk to Virfinia Beach, Va., 18 miles, and to Munden Point, Va., 22 miles,
n Oct., 1899, acquired control of stock of Norfolk & South. RR., which
see. Owns Princess Anne Hotel and 1,300 acres of land at Virginia
Beach. Year ending June 30, 1899, gross, $98,747; net, $31.65U
charges, $36,853. Alfred Skitt, New York, Pres. (V. 70. p. 381, 532.)
Norfolk Western Ry.— See Map.— System extends from Nor-
&
RR.—
&
folk, Va.,
westward
to
Columbus, Ohio, and northward to Hagerstown,
Md., with branches to the various coal fields in Virginia and West Va.
Road owned.
Miles.
Miles.
Norfolk, Va.,to Columbus, O..708 Roanoke to Winston
121
Radford, Va., to Bristol, Term. 107 Sundry branches
113
Roanoke, Va., to Hagerstown. 238
Graham to Norton
100
Total of all June 30, 1899. 1,547
Nor. Car. June, to Iron Ridge. 45 Double track
60
Lynchburg to Durham, N.C.. 115
Organization—This Railway company in 1896 succeeded to the
property and franchise of the Norfolk & Western RR., etc., foreclosed
per plan, was in V. 62, p. 641. The old stock paid an assessment
of $12 50 per share, common receiving 75 p. o. and the old pref. 112 13
o. in new common. New preferred was issued to old bondholders.
In Mar., 1900, the Penn. RR. acquired a substantial interest in the
road. V. 70, p. 687.
Stock.— Provisions of preferred stock certificates were given in Supplement of April, 1897, page 4, said stock being 4 p. c. non-cumulative,
with preference as to assets and dividends, and with right during the
first five j ears to elect two-thirds of the directors unless three full yearly
dividends are paid. No additional mortgage can be created without
consent of two-thirds interest.
Dividends— On adjustment pref.: Nov., '97, 1 p. c; in '98, Feb., 1 p.
c; Aug., 2 p. c; in '99, Feb., 2 p. c; Aug., 2 p. c; in 1900, Feb., 2 p. c
Bonds.— Prior Lien 50-year gold bonds, only if necessary. $3,500,000
First Consol. M. Gold 4s, due 1996
62,500,000
Of which for old bonds disturbed
23.322,675
Resei'ved for $23,388,200 undisturbed bonds
25,986,889
Reserved for existing obligations, or to retire Prior
Lien bonds if issued
3,500,000
p.
For new construction, acquisitions and improvements
not exceeding $1,000,000 yearly
9,690,436
The new 4 per
cent first consols are (subject to the small amount of
Prior Lien bonds which may be issued only in oase of urgency) a
first mortgage on a large part of the system, viz., upon 845 miles of
railroad upon important terminals at Norfolk and Lamberts Point
;
upon the Ohio River Bridge and the Roanoke Machine Works besides
being a consolidated mortgage upon the remainder of the system, subject to the undisturbed liens.
They are further secured by the
;
April. 1900]
RAILKOAD STOCKS AND BONDS.
107
108
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables
Bonds— PrinciINTEREST OR DIVIDENDS.
RAILROADS,
Date
Miles
Size, or
Amount
For explanation of column headings, &c, see notes
Par
of
of
on first page of tables.
Road. Bonds Value.
Iforfolh
&
Outstanding
Rate per
Cent.
When Where
Payable
Whom.
&
&
&
&
&
&
&
&
&
&
&
N. Y., Mercant. Tr. Co.
Western Jty.— ( Concluded—
Norf* k&Petersb'g— 2dM. (now 1st) Nor.toPet'g.c
South Side Consol. niort., 1st pref., extended. .0
Consol. M. 2d pref. , gold, extended
c
Consol. 3d pref. ($100,000 were ext. at 4 g.) ..0
do
do
old 6s, extended 1896 & 1897
do
do
old 6s, ext. in gold in 1898. ..
[>' Virginia & Tenn. Enlarged M. (extend in. 18841 .0
81
133
133
133
133
133
214
428
160
588
129
—
Norf.&West.Gen.M..NorfolktoBristol.etc.gold.o*
0*
New River division 1st mortgage, gold
Improvement & Extension Mortgage, gold. .0*
Soioto Valley <fe New England, lstM.,assum.,g.o*
llOIIll
First consolidated mortgage semiring: (Prior Lie
Prior lien bonds, (see text) gold, red. at 105.
1,551
First consols, $62,500,000, gold
o*<fcr 1,551
Col. Con. & Term. 1st M., gold. gu. p. & i. (end.)c*
Equip, trust of 1893, gold, not subject to call. .0*
Equip, trusts, gold
c
North. Oar— Stock, 6*3% till Deo.31, 1901— then 7%
223
North Pacific Coast— 1st M., gold, sub. to call atlOO.c 905
General M. for $1,500,000, gold
c 905
No. Penn.— Stk., 8 p. 0. gu.990 yrs., $6,000,000 auth.
86
OIi2dM.,now 1st M.( 7s extended in 1896).. ..0
56
General mortgage bonds
c&r
86
Consol. bonds secured by $1,200,000 stock
r
Funding loan bonds, $109,000
Real estate mortgages June 30, 1899
No. East Penn.— 1st M., g., gu.P.&R. oldoo.(end.)c*
26
North' n Ala. Ry.— IstM ($400,000 are prior lien).
107
Northern, (N. R.)— Stock, 6 p. o. rental
83
Northern Central— {Stock $12,000,000 authorized)
1st mort.. State of Maryland loan— V. 67, p. 126..
138
x See text.
.
11
.
$496,000
1868 $1,000
290,000
1,000
1868
270,500
1868 100 &0
100,000
1868 100 &0
200,000
1.000
1868
75,000
1868
1,000
1.000
981,000
1854
1,000
7,283,000
1881
2,000,000
1,000
1882
5,000,000
1883
1,000
5,000,000
1889
1,000
s to be issued only if neces
None.
1896
1896 500 &o. 26,477,500
500
600,000
1892
155.000
1893
1,000
153,000
1892
1,000
100
4, 000,000
490,000
1,000
1881
908,000
1892
1,000
50
4,721,250
1,500,000
1866 500 &0.
4,500,000
1873
1,200,000
1881
302,000
1898
122,608
400,000
1,000
1890
1.000
1.650,000
1896
100
3.068,400
50 x7,518,150
1855
1,500,000
Net.
1899-1900
1898-1899
J.
5
6
J.
M.
g.
6g. A.
6g. F.
4g. M.
N.
O.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A.
See text.
N. N. Y., Mercant. Tr. Co,
1900
1900
1900
July, 1900
July 1, 1900
July 1, 1900
June 30, 1900
May 1, 1931
Apr. 1, 1932
Feb. 1, 1934
Nov. 1, 1989
July
July
July
1,
1,
1.
sary).
New York.
1946
4g.
4g. A. & O. N.Y. Mercantile Tr. Co. Oct. 1, 1996
5g. J. & J. N. Y., Atlantic Trust Co, Jan. 1, 1922
5g. Q.—J. N.Y. Mercantile Tr. Co, Q'lyto Jan.'OS
5
Q.-J.
F.&A. 10
Burlington, N. C.
M. & N. San Fran., Co.'s Office,
do
do
J. & J.
Q.-F. Phila. Of., 240 So. 3d St.
M. & N.
do
do
J. & J.
do
do
M. & 8.
do
do
M. & N.
do
do
g.
6^-7
6
5
g.
g-
8
4
7
6
4
& O.
& J.
Q.-J.
J. & J.
5 g. A.
3ee text. J.
See text.
7 for '99
6
Q.-J.
Q'lytoOot.'02
Feb., '00, 3 H
Nov.
1,
1901
Jan. 1, 1912
Feb.24,'00,2<&
May
1,
1,
Sept. 1.
Nov. 1,
Jan.
1936
1903
1905
1928
Phila., Phila. & Read'g. Apr. 1, 1920
N.Y., J. P.Morgan&Co. July 1, 1928
Boston, 19 Milk «.
Apr. 2'00,1 12%
Bait. & Phila.; Pa.
Jan 15/00,4%
Annapolis.
See text.
RR
;
;
bonds maturing to July
Int., taxes, Ac.
5
4*2g. J.
J.
J.
J.
J.
J.
J.
J.
Dividend.
;
Earnings— For 8 months ending Feb. 28
Cross.
5g.&6g.
4g.
J.
J.
J.
J.
6
pal.When Du»Stocks— Last
for 99 years from Jan. 1, 1890, was assigned to Boston & Maine; rental
was 5 per cent on stock till July 1, 1897, and now 6 per cent, payable in gold.
In addition to the 5 per cent dividends provided for
by the lease, an extra 1 per cent per annum (making the quarterly
dividends Ha p. o. each) has been paid regularly from the contingent
fund, and also in 1894, Jan., 5 p. c. extra was paid; in 1896, July, 2
p. 0. extra; in 1897 5 p. c. extra.— V. 65, p. 463.
Northern California Ry.— See Southern Paciflo RR.
Northern Central Ry.—Owns Baltimore, Md., to Sunbury, Pa.,
139 miles, of which 1 17 miles double track— branch, 9 miles leases—
Shamokin Valley & Pottsville Railroad, 33 miles Elmira & Williamsport Railroad, 76 miles operates at cost— Elmira & Lake Ontario Railroad, 100 miles; Lykens Valley Railroad, 20 miles; Pennsylvania
Railroad, 3 miles; total operated, 380 miles. Also uses New York
Lake Erie & Western traoks, 7 miles, and Philadelphia & Erie tracks
between Sunbury and Lewisport, 40 m„ and owns Union RR., 9 miles.
Organization.—This was a consolidation of several roads in 1854
equipment, certified to have cost over $11,000,000, covered by the Car
Trusts and equipment bonds to be taken up under the plan. The Prior
Lien bonds if issued will be retired at 105 by sale whenever possible
of first consols at or above 95. Undisturbed bonds which cannot be
taken up at maturity on satisfactory terms by use of the consols reserved for that purpose may be extended or renewed. See abstract
In V. 64, p. 37tt. As to Scioto Valley & New Eng. see Sup. of Jan., '94.
General Finances.—The reorganization reduced the fixed charges
from $3,214,037 to $2,263,194, a reduction of $950,843; liquidated
floating debt and took up car trusts except those of 1892 and 1893.
The annual charges ahead of the new common stock are smaller than
those ahead of the old preferred stock. Of the oompany's traffic in
1898-9 59 per cent (5,258,802 tons) was bituminous coal and coke.
In March, 1899, $5,000,000 1st oonsol. 4s were sold, of which $1.500,000 to be used for betterments, double-tracking and additional
rolling stock, remainder to retire underlying
V. 68, p. 619; V. 70, p. 176.
1, 1900.
5
5&
Payable, and by
Controlled by the Pennsylvania RR., which owns $3,621,450 st*»ok.
Securities Owned On Jan. 1, 1900, among the assets held were
Bait. <fe Potomao stook (par) of $704,450; Elmira & Lake Ontario stock
(all), $1,500,000; Shamokin Valley & Pottsville stook, $619,650; Union
RR. stock, $1,225,000 (the balance of $875,000 being held by PhilaWllm. & Balto.), etc. Value of all, as per books, $2,487,209.
Stock.— Authorized issue was increased in Feb., 1900, from $8,000,000 to $12,000,000. Of the new stock, $2,500,000 was offered for
subscription to stockholders between Apr. 16 and May 10, 1900, raising the outstanding amount to $10,018,150, payment to be made in
full betweeu June 11 and June 20. From the proceeds, the $1,126,000
cur. 6s were paid at maturity Apr. 1, 1900, and the $2,804,000 gold
6s will be paid July 1, 1900.— V. 70, p. 333, 430, 687.
Liabilities.— Mort. and ground rents on Jan. 1, 1900, were $362,007
Dividends.— ? 1888. '89. '90. '91. '92. '93. '94 to '98. '99. 1900.
Per cent. . j 7
8
7
7
8
8
7
7 Jan. 4.
Earnings.— 2 months, S1900
Gross, $1,209,415; net, $312,512
Jan. 1 to Feb. 28.
Gross,
963,515; net, 165,612
H899
Annual Report.— Fiscal year ends Deo. 31. President's report for
1899, given at length in V. 70, p. 324, 332, 380, showed the following
Tear end. Dec. 31—
1899.
1898.
1897.
1896.
Gross earnings
$7,233,417 $6,664,028 $6,732,703 $6,286,602
Net earnings
1,950,523
1,852,786
1,934,336
1,643,497
Otherreceipts
533,108
504,154
366,788
400,075
—
Bal„ sur.
$2,157,857
$9,197,776 $3,682,004 $1,524,147
1,099,522
2,588,390
1,488,868
7,675,654
Annual Report. Fiscal year ends June 30. Annual meeting is
held at Roanoke, Va., on second Thursday in October. Report for
1898-99, V. 69, p. 539, 546 (see editorial p. 521) showed:
1896.
1899.
1898.
1897.
Years end. June 30—
$
$
$
$
Passenger earnings
1,608,414 1,467,532 1,406,223 1,551,732
Freight earnings
9,749,094 9,306,899 8,695,633 8,894,880
462,247
Mail, express, &c
469,630
461,692
435,857
—
Total gross earnings.. 11,827,138 11,236,123 10,537,713 10,908,859
&. taxes.. 7,939,102
7,886,099 7,903,451 8,512,221
(75-00)
(78-03)
(67-12)
P. c. of exp. to earns....
(70 18)
Operating exp.
.
Total net earnings... 3,888,036 3,350,024
Total net income
3.911,400 3,382,987
Interest on funded debt. 2,219,477 2,211,075
Interest on oar trusts....
22,137
28,358
Dividends
909,588
454,198
Miscellaneous...
4,605
7,444
2,634,262
2,396,638
Reorganized co.
took possession
Oct. 1, 1896.
•
Balance
sur.752,654 sur.684,751
Officers.— President, Henry Fink; Chairman of the Board of Directors, F. J. Kimball, 27 William St., N. Y.; Sec, A. J. Hemphill, N.
Y.—V. 69, p. 81, 280, 539, 546, 1248; V. 70, p. 176, 382, 687.
North Carolina RR.— Owns from Gold boro to Charlotte, No.
Carolina, 223 miles. Leased from Jan. 1, 1896, to the Southern Ry. Co.
for 99 'years at $266,000 (6^ p. c. on stock) per year till Deo. 31, 1901,
and $286,000 (equal to 7 p. 0. on stock) balance of lease; also taxes.
V. 63, p. 361. Of the stock the State of North Carolina holds $3,000 000.
Dividends, Feb., 3^ p. 0. and Aug., 3 p. c. V. 65, p. 27; V. 66, p. 665.
North Pacific Coast RR. (Narrow Gauge)— Owns San Francisco to Cazadero, 87 miles; branches to San Rafael and Mill Valley, 4
miles; leases to San Quentin, 3 miles; total operated, 94 miles, including ferry to San Francisco, 6 miles; also has ferry to San Quentin, 11
Total net income.... $2,483, 631 $2,356,940 $2,301,124
Rentals, &o
480,078
480,078
474,304
Interest on debt
775,420
796,574
834,153
Dividends
(7)526,267 (7)526,267 (7) 526,267
Miscellaneous
Extraordinary
150,704
200,000
69,796
$247,801
$203,317
$396,604
$77,590
324, 329, 332, 380, 430, 633, 687.)
Northern RR. of New Jersey.—Owns from Bergen, N. J., to
Balance, surplus
-
(V. 70, p. 176,
Sparkil), N. Y. 21 miles; leases Sparkill to Nyack, 5 miles. Leased
to the Erie RR. from June 1, 1899, for the term of its corporate existence, for interest on bonds, 4 per cent on $1,000,000 stock, payable
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
general mortgage bonds, to bear interest, guaranteed by the Erie, at
not evceedin^ 4*a percent, $804,000 will be reserved to retire at or
before maturity the old 6s to a like amount, and the remainder for improvements and betterments or equipment for operation by electricity
of the leased properties. See V. 69, p. 81. (V. 68, p. 571; V. 69, p 81).
Stock authorized, $3,000,000; issued, $1,500,000; par, $100.
gross, $392,148; net, $142,840; interest, taxes, etc., $91,411; balance, surplus for year, $51,429. In 1897-8
gross, $355,281; net, $118,742— V. 63, p. 400; V. 69, p. 906.
miles.
For year ending June 30, 1899,
North Pennsylvania RR.— Owns from Philadelphia, Pa., to
Bethlehem, Pa., 56 miles; branches to Delaware River, <fec, 31 miles;
Ground rents
second track, 54^ miles; total track, 220 miles.
July 1, 1899, $59,854. Leased for 990 years from May 1, 1879, to
Phila. & Reading RR. at 8 per cent on stock, and lease assumed in
1896 by Phila. & Reading Railway. Of the funding loan bonds, $107,000 are reserved to retire mortgages and ground rents as they mature.
Northern Ohio Railway.— (See Map Lake Erie <£ Western.) —
Owns road from Akron to Delphos, O.. 165 miles; branches, 2 miles.
Road is leased in perpetuity to L. E. & W.
Stock.— Common stock (all owned by
(V. 62, p. 462, 870.)
North-East Pennsylvania RR.— Owns road from Glenside to
New Hope, Pa., 26 miles. Controlled by P. <& R. Capital stock,
$400,000, of whioh $315,000 owned by Reading Co. is deposited under
Its gen. M. of '97; par, $50. Current liabilities June 30, '99, $294,796.
In 1898 merged in Atl. Coast Line of So.C.
North-Eastern
Northern Alabama Ry.— Sheffield to Parrish, Ala., and branch,
119 miles. In April, 1899, a majority of the stock and bonds purchased by the Southern Ry. V. 68, p. 824, 873. See also V. 69, p. 391.
Stock is $2,000,000. Under supplemental mortgage of 1898 $400,
000 of the outstanding $1,700,000 1st 5s were made prior liens. Remaining $1,300,000 general lien bonds bear interest for two years
from July 1, 1898, at 2 per cent, then 3 per cent for two years; thereafter 5 per cent. (V. 67, p. 1208.) In year ending June 30, 1899,
gross, $233,828; net, $72,132. In 1897-8, gross, $192,890; net, $60,642. (V. 68, p. 233, 824, 873, 1224; V. 69, p. 28.
Owns Concord, N. H., to
Northern (New Hampshire)
West Lebanon, N. H., 70 miles; branch to Bristol, N. H., 13 m; total,
83 miles. Subsidiary lines, Concord & Clar^mont RR., 71 miles; Pe
terborough & Hillsborough RR., 19 miles. Lease to Boston & Lowell
15?,291
300,000
$2,043,572
436,592
843,632
(7) 526,267
159,490
RR.—
V. 62, p. 826.
L. E. &W.) $3,5?0,000; preferred non-cumulative 5 p. c. stook, $650,000; par of each $100.
Bonds.—The first mortgage is for $4,000,000 of which $1,500,000
only to be issued at not to exceed $15,000 per mile for completed road
hereafter constructed or purchased. For year ending Sept. 30, 1899,
gross earnings were $166,433; net, $24,446; eh'rges, $134,475 deficit,
$110,029. In 1897-98, gross, $139,389; net. $12,755.— 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 westerly, 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, Oregon, with branches to Winnipeg, etc.
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.
In the reorganization the $49,000,000 old common stook paying assessment of 15 per cent received 100 per cent of new common. The
$35,000,000 oldpreferred paying assessment of 10 per cent reoeived
50 per cent in new common and the same of new preferred.
;
RR.—
,
RAILROAD STOCKS AND BONDS.
April, 1900.]
109
Subscriber* will confer a great favor Uy giving Immediate notice of any error discovered In these Tables.
Bonds— PnnoiINTEREST OR DIVIDENDS.
RATLROADH.
Miles Date Size, or
- pal, When Due
Amount
Rate per When Where Payable, and by; Stocks— La*t
of
Par
For explanation of column headings, <fcc, see notes of
Outstanding Cent.
Road.: Bonds Value.
Whom.
Payable
on first page of tables.
Dividend.
Northern Central— ( Concluded)—
Consol. M., gold; coup., int. J & J; reg., A <fe O.cfcr
Consol. gen. mort. ( gold, s.Ldrn. at 100, A&B.c
138 L868
2,804,000
1,000
6g.
138 1874-5 $ & *
921,000
138 1876-7 $1,000
c
of 1874, gold, se- ^ gold, $, C
2,000,000
6g.
138 1885
c
oures all equally. ( gold, E
1,000
1,557,000
^g.
138 76&82 1,000
5
2d gen. mort., series "A" & "B" (A $2,565,000)
3,565,000
Union RR., 2d m. (now 1st) assumed $ or *, gold.c
9 1873
600,000
1,000
North'n of New Jersey Stock, guar, (see V.69,p.81
100
1,000,000
"21 1887 100 &c
c
6
3d mortgage, now 1st, interest guar
654,000
Nyack <fe Northern 1st mortgage, interest guar... 437 1880
6
150,000
4>2g.
1899
Gen. M., $1,000,000, gold, int. guar, by lease ..
See text.
167 l B9S
Nor. Ohio— lstM.g.($15,000p.m.)gu.p.<fei.L.E.&W.c1,000
5 g.
2,500,000
Northern Pacific Ry. -Com. stock, $80,000,000..
100 * 80,000,000 2 in 1899
01
Pref. stock, $75,000,000, non-cum. 4 p.
100 •75,000,000
4
60*2 1877
Western RR. Minn. 1st M. gold, assumed
1,000
7
402,000
grant,
assumed.
c*<fcr
182
IHH'S
Paul
&
N.
P.
Gen.
M.,
I'd
St.
1,000
8,021,000
6g.
New mortgages of Northern Pacific Ry.—
Prior lien M. $130,000,000 gold, land gr...c*<fer See: 1896 500 <fec. 89,900,500
g
i
Gen. lien M. $190,000,000, g.,land grant. ..o*&r See X 1896 500 &c. 56,000,000
3 g.
Northern Pac.Ter. Co.— IstM., gold, red., at 110... o*
1883
1,000
6 g
3.830,000
North <£ West Branch Ry.— Stock
50
1,500,000 8 in '99
48 1881
6
1st mortgage, $1,500,000
1,000
1,500,000
Northwestern Coal Ry—1st M„ $2,000,000, g.Fc*
1893
1,000
794,000
5g.
Northern Railway (Cal.)—See Southern Pacific r"r!'
Norwich <6 Worcestei Pref. stock, 8 p. c. rental
72
100
8
3,000 000
Bonds (not M.),int. gu. under lease, curr'cy...c<fer
4
1897
1.000
1.200,000
&D
.
2*
—
,
-
I
—
IT
t
*
F. <& A.; registered bonds Q.— F.
marks per dollar.
J 4,792 miles, including 79 miles not operated;
Represented by voting trust certificates.
Various Baltimore, Treas.
July
Office.
1,
1900
& J. London and Baltimore. July 1, 1904
& J. Baltimore, Treas. Office. July 1, 1904
do
do
A.
Apr. 1, 1925
O.
J. & J. Baltimore.Treas. Office. Jan. 1, 1926
London & Bait.
M. & N.
May 1, 1900
Q.-M. N. Y., 21 Cortlandt St. Mch.,1900, 1%
Tr. July 1. 1917
J. & J. N. Y., U. S. Mort.
do
do
1900
J. & J.
1949
A. & O. N. Y.. Chase Nat. Bank. Oct. 1, 1945
F. & A. New York and Berlin, Feb. 5, '00. 2%
J.
J.
<fe
<fe
Q.-M.
do
do
do
M.32&N4
II
June
do
do
do
N.Y.,J.P.Morgan&Bert
do
do
t
3. N.Y.Winsl'w.Lan'r&Co.
N. Phlla., Broad St. Stat'n
S.
do
do
N. N.Y., Farm's L. AT. Co.
Q.-J.
Q.-F.
J.
M.
M.
M.
&
&
&
&
Q.-J.
M. <fe 8.
Ql. N. Bk., Bos.
Boston, Co.'s
1%
5, '00,
1, 1907
Feb. 1, 1923
May
& Wore
office.
1, 1997
1, 2047
July 1. 1933
Nov. 2, '99,4%
Sept. 1. 1901
1, 1923
Jan.
Jan.
I
May
Apr.
2%
1, '00,
1, 1927
Mch.
Coupon bonds
Berlin at 4-20
Northern Paciflc Ry. (Concluded.)—The system
Main
Miles.
line.
Ashland, Wis., to Portland,
Ore. (incl. 5 m. terminals) .2,171
Brainerd and Staples to St.
Paul
181
Branches,
comprises;
Miles.
etc.
main and branches.
Branches not operated
Spurs,
Total system July
. .
157
1
1, 1899.... 4,872
Independent properties.
Total main line
Various branches
Branch
line
2,352
2, 174
leased (Wash.
109
Cent.)
Seattle
&
Wash. &
Spokane
Internat
Col. River,
Seattle (not oper-
&
ated)
...
165
163
4
Total
332
Water lines
26
Total operated
4,635
In July, 1899, had 166 miles under construction, largely completed
In 1899. Inoluded in this is Clearwater Short Line Ry. (see V. 67, p.
1264), Potlatch up Clearwater River to Kooskia, Idaho, etc., 75 miles,
of whioh 40 miles to Oro Fino was operated in Oct., 1899, and work in
progress for 24 miles to Stewart. In Dec, 1899, extension of Bitter
Root line proposed, about 50 miles.— V. 69. p. 698, 699; V. 69, p. 955.
In Feb., 1900, opened two branches from Portland La Prairie westward to Oakland. 10 miles, and from Portage La Prairie westward to
Beaver, 19 miles and, acquired Everett & Monte Cristo RR., extending
from Everett, Wash., to Granite Falls, 25 miles. In April, 1900, contract was reported to be let from Casselton to Dickey. N. D., 60 miles;
also from Milnor, N. D.. westerly about 25 miles. V. 70, p. 792.
The original Northern Paciflc Company was chartered by Congress
July 6, 1864; 450 miles to Bismarck were foreclosed in 1875. On Feb.
1, 1898, took over Seattle & International, and in July, 1898, the
Washington Central under lease (V. 66, p. 856), and In February, 1898,
purchased the entire capital stock and all of the income bonds of the
Washington & Columbia River Ry. See separate statements for these
Washington companies. All, or substantially all, of the securities of
the Seattle & International Ry. are owned.
Voting Trust.— Both classes of stock (except sufficient to qualify
directors) are vested until Nov. 1, 1901 (unless surrendered earlier at
their discretion) in following voting trustees: J. Plerpont Morgan,
August Belmont, Johnston Livingston, Charles Lanier, all of New York,
and Georg Siemens of Berlin. Provisions of voting trust and of preferred stock were in Supplement of April, 1 897, page 4.
Stock.—The new preferred stock is subjeot to oall in whole or in
part, at par, upon any first day of January prior to 1917.
Additional preferred stock and other mortgages can be issued only
with consent of a majority of the preferred and of the common stock
represented at a speoial meeting. Pref. stock is " entitled to non-cum.
dividends to the extent of 4 per cent per annum, payable quarterly
ont of surplus net earnings in each fisoal year before any dividends for
such year shall be paid on the common stock." In any fiscal
year in whioh 4 per cent dividends shall have been declared on
both x'referred and common stock, all shares, whether preferred or
common, shall participate equally in any further dividends for such
year. In 1898 $3,000,000 was set aside as a reserve fund until the
end of 1901 to ensure the continuity of dividends on preferred. V.
Dividends upon stock registered in Berlin
67, p. 588— see also p. 579.
may be collected there at the rate of 4 20 marks per $.— V. 63, p. 1071.
Dividends.— On Preferred.—First dividend paid Jan. 15, 1898, 1 p.o.;
Mar. 3,1898,1 p. c; June, 1 p. c. Sept., 1 p. c. Dec. 1 p. c; in 1899,
4 p. 0. (Q.-M.); in 1900, Mar., 1 p. c June, 1 p. c.
On Common.- First dividend Feb. 3, 1899, 1 p. 0. In Aug., 1899,
p. c; 1900, Feb., 2 p. c, including 1 p. 0. extra.— V. 69, p. 1248.
Bonds.— Abstracts of the new Prior Lien and General Lien mortgages of 1896 were in V.C3, p. 1012-1019, and the statement to New
York Stock Exchange, was in V. 63, p. 1072, showing:
Prior lien 100-year gold 4 per cents secured by mortgage
to the Mercantile Trust Co. The prior lien bonds
are purchasable with land sales at not exceeding 110,
but are not subject to call, not over $500,000 cash
yearly to be so applied. Total issue
$130,000,000
Issued
89,000, 100
Reserved to retire St. Paul & N. P. and West. RR. bonds..
8,423,000
For new construction, betterments, equipment, etc., under
-
.
;
carefully guarded provision*, but notexceeding $1,500,000 per annum. Originally $25,000,000— still held
23^500,000
General lien M. (Fanners' Loan & Trust Co., trustee)
$190,000,000
Of whioh reserved for prior lien bonds
130,000,000
Issued to carry out reorganization
j6,ooo,ooo
For new construction, betterments, equipment, eto
4,000,000
Land Grant.— The land grant was 12,800 aores to the mile in the
States of Minnesota and Oregon and 25,600 acres per mile in the (then)
Intermediate territories. The aores on June 30, '99, not yei sold were
ftorth Dakota (west of
Washington.
7,696,852
Missouri River)
42,438
5,336 Oregon
Montana
13,901,715
Total west of Mo. Riv.23,395,758
1,749,417
In Nov., 1899. about 1,000,000 acres in Washington and Northern
Oregon were sold.-V. 69, p. 1103. In April, 1900, sold all but about
50,000 aores in Minnesota. V. 70, p. 592.
Idaho
spurs, 157 miles.
General Finances. —The fixed annual charges of the new company
on July 1, 1899, were $6,135,484, a reduction of $4,770,206 as com
pared with the old company. The redemption on Jan. 1, 1900, of the
$4,490,000 remaining general first 6s from land sales reduced the
fixed charges about $270,000 yearly.— V. 69, p. 1063, 1103, 119 4
About $20,000,000, it was understood, will be available for exten
sions and improvements from the proceeds of land sales completed or
pendiDg in Dec, 1899, and prior-lien bonds unsold.— V. t.n, p. 1301.
A fund of $3,000,000 to assure dividends on preferred stock till 1902
was set aside in 1898. See V.
Earnings— 8 mos. > 1899
67, p. 579. 588.
Gross, $20,368,776; net, $11,213,407
Gross, 17,872,228; net, 10,005.703
July 1 to Feb. 28. $ 1898-9
Total net income for the 8 months, after deducting operating
charges, taxes, rentals and improvements, and adding other income (exclusive of land sales), $9,712,400, against $8,788,880 in 1898-99.
Annual Report.— Report for 1898-99 In full in V. 69, p. 698, See
also editorial, p. 672. First report of reorganized company, for ten
months ending June 30. 1897, in full in V. 65, p. 680. 8ee also p. 650.
12 months, 12 months, 10 months, 12 months,
1897-8.
1896-7.
1895-6
Trs. ending June30.
1898-9.
Passenger earnings. $5,050,356 $4,853,799 $2,850,399 $4,658,642
Freight earnings
19,485,960 17,432,755 11,085,883 15,119,312
Mail, express, &c
1,512,358
1,393,164
1,005,536
85,205
Gross earnings.. $2 6,048,674 $23,679,718 $14,941,818 $19,863,160
Net earnings
$13,699,222 $12,584,347 $5,785,946 $7,775,071
Taxes
$428,981
$509,708
$682,800
$750,133
Rentals, eto
163,160
61,520
Add'nsandimp'ts.. 2,176,619
811,709
Netoperat'gincome.$10,710,950 $11,089,838
$5,356,965
$7,102,203
255,341
425,710
Misceilaneo's income
not incl.land sales.
Bal. for interest
1,001,607
887,190
$11,712,557 $11,977,034 $5,612,306 $7,527,913
6,079,160
5,110,248
3,000,000
Interest
6,079,273
Div. on pref. stock (4%) 3,000,000
Div. on com. stock(2%) 1,600,000
Bal., sur. for year
$1,033,284 $2,897,874
1899).— President, Charles S. Mellen, St. Paul,
Minn.; Vice-president, Dan. S. Lamont, New York; Secretary, Qeorge
H. Earl, New York; Treasurer, C. A. Clark, St. Paul. New York offioe,
35 Wall St.— (V. 70, p. 230, 792.)
Officers
North
(Sept. 1,
West Branch Ry.— Catawissa to Wilkesbarre,
Pa., 43
Chartered in 1881 and operated by the Pennsylvania RR. under agreement of 1881, to expire Sept. 1, 1901, net
earnings to be paid this company. Pennsylvania RR. Dec. 31, 1899,
owned $925,000 of the stock and $1,400,000 of the bonds. Dividends
since Dec, 1885. 6 p. 0. per annum. Extra dividends: In '93, 2 p. c;
in '94, 2; in '95, 3; in '96, 2; in '97, 2; in *98. 2; in '99. 2 p. 0. In Mar.,
1900, the Penn. RR. was arranging to consolidate into a single corporation the North & West Branch Ry., Sunbury Hazleton & Wilkesbarre
RR., Pennsylvania Sohuylkill Valley RR., the Sunbury & Lewiatown
Ry. and the Nescopec RR.— V. 70, p. 523.
Northwestern Coal Ry.— Allouez Bay, Wisconsin, to Allouez
Junotion, Wis., 253 miles. Capital stock, $1,000,000. For vear enddc
miles; branch, 5 miles.
ing
Dec
31, 1899, gross, $34,048; net, $10,058; miscel. receipts (rents
and dook earnings), $43,982; int. and taxes, $43,357; balance, surplus
for year, $10,683.— (V. 69, p. 230, 441).
Northern Paciflc Terminal Company, of Oregon.—Own
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 fifty years from Jan. 1, 1883, jointly and severally
to Northern Pacific Oregon Ry. & Navigation and Oregon & California,
with guaranteed rental to pay interest, sinking fund and taxes; leasee
assumed in 1899 by new Nor. Pac and Or. RR. <& Nav. co's.— V. 69. p.
230.
Stock.— Stook ($3,000,000* owned by said three companies (40 p.o.)
bv Oregon Ry. & Nav. Co., 40 per cent by No. Paciflc and 20 per cent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink. fund, whioh is to cancel the bonds.
Bonds.— The flrst mortgage is for $5,000,000; Apr., 1900, $4,097.000 had been issued, of which $287,000 retired by sinking fund, drawings at 110 and interest.— (V. 70, p. 170).
Northern Railway Co. (Cal.).—See Southern Pacific RR.
Norwich & Worcester RR.— Owns from Norwioh, Conn., to
Worcester, Mass., 59 miles; branch, Norwioh to Groton, 13 miles;
total, 72 miles. Also owns entire capital stock ($500,000) of the Norwich & New York Transp. Co., operating boat line to N. Y. City. Leased
to New England RR. for 99 years from Feb. 1, 1869. and accepted by
N. Y. N. H. A H. RR. since July I. 1S9S; rental is per cent on preferred stook.—See V. 64, p. 664; V. 65, p. 726; V. 09. p. 1194; V. 70.
Stockln Jan., 1900. was increased from $2,769,200 to $3,000,p. 76.
000, and bonds from $9.->5,0O0 to $1,200,000 to eover cost of Groton
Branch and improvements.— V. 69, p. 1194; V. 70, p. 76, 125.
•<
110
INVESTORS'
SUPPLEMENT.
rvoL.
j
xx.
April,
1
900. J
RAILROAD STOCKS AND BONDS.
Ill
112
SUPPLEMENT.
INVESTORS'
*ub«ertbera
umi vuuier
•»
icreai
favor by wiviiui
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fec,
see notes
of
iiiiiiiidluli'
Date
Size, or
of
Par
Road. Bonds Value.
Ogden Mine RR.— Stock (5 p.crent.Cen. of N. J.)
L.Oh — 1st M,$4,400,000. g.,gr bvRut.Ce.c*
. .
Ogd.dt
Ohio <t Ky — 1st M g., s. f., callatllO.Ce
o'
Ohio <£ Little Kanawha .Ry.— 1st M., $250,000, sold
Ohio <£ Mississippi— SeeBxhT. & Ohio Southwest.
Ohio River— 1st mortgage ($2,000,000) .gold.FP.c*
Gen. M. ($3,000,000), gold, 1st on 39 miles.
o*
Rav.Sp. & Glen.lstM.,$400,000,g.,gu.,p.&i.FPc*
Huntinirton&BigS. IstM. ($400,000), gold, gu.o*
Ripley & Mill Creek 1st M.g., guar. p. A i., end. o**r
Ohio Southern—1st mort., $4,000,000, gold.Cc.c*
General (2d) mortgage, (for $2,800,000), g..Ce.o*
Consol. (3d) mortgage, $8,000,000, gold
Car trusts Dec, 1897 ($319,000 ar« (is)
Old Colony— Stock, 7 p. o., guaranteed by rental, o*
Bonds for Framingham & Lowell bonds
e
,
.
.
Bonds, not mortgage
r
Bonds, not mort. (authorized $3,000,000), g...o*r
Bonds, not mortgage
o&r
Boston Clin. F. &N.B. mort
c
Plymouth & Middleboro IstM., int. guar.(end.).o*
Omaha Bridge <£ Terminal Ri/.— 1st M. ($5,000,000)
Omaha K. O. <6 Eastern— Stock ($1,500,000 auth.)
Receiver's certificates, $300,000
Second (income) mort., $15,000 per mile, gold..r
St. L. RR.— Receiver's ctfs.. $525,000
1st mortgage, gold, subjeot to call at par
Oregon dk Oal.— IstM., g.,dr'natlOOgu.p.&i.LT n.c*
JRJt. £ Navigation— Common stock
Preferred stock, 4 per cent, non-cumulative
Oregon
$450,000
4g.
169
208
33
12
1886
18H7
1890
1892
1888
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000,000
2,874,000
376,000
291.000
50,000
3.924,000
2,798,000
See text.
757,607
16,608,900
498,000
750,000
4,000,000
3,000,000
5,100,000
1,912,000
225,000
1,000,000
1,428,000
5g.
J.
5
A.
13
1881
....
1889
1894
1895
100
....
125
15
21
36
36
145
596
1884
1,000
1884
1,000
1.C00
1888
1894 1,001 &c
1895 1,000 fee
1880
1,000
1892
1893
1,000
100
1900
1896
1,000
816,000
1897 100 &o.
612,000
1900
525,000
1896
2,376,000
1,000
19,521,000
1887
100
24,000,000
100 11,000,000
Ohio River RR.—Road.— Owns from Benwood, West Va.,
to HuntWest Va., 209 miles; trackage into Wheeling, 4 miles; leases
Huntington & Big Sandy Railroad, Huntington to Kenova, West Va.,
11 miles; total in earnings, 224 miles; operates Ravenswood Spencer
& Glenvllle Ry., Ravenswood to Spencer, 33 m.: Riplev <& Mill Creek
Valley. 13 miles; total. 270 miles. In October, 1899, the Cin. Portam.
ington,
&
Va. RR., Cincinnati to Sciotoville, O.lll m., was reported leased.
STOCK.— Authorized, $6,000,000; outstanding, $5,915,430; par, $100.
Financial.— Deo. 31, 1898, there were bills payable, $237,000, and in
easury were $223,000 of bonds issued.
miles, ) 1899... .Gross, $1,087,544 net, $456,195
Nov. 30 (11 inos.) $ 1898.. ..Gross,
b82,247; net, 307,653
Report.— Report for 1898 in V. 68, p. 1021, showing on 224 miles:
Tear Dec. 31: Gross. Op. ex. & taxes. Net.
Int., etc.
Balance.
$958,450 $657,462 $300,987 $293,374 sur. $7,«13
189&
965,197
650,142
1897
315,055
288,558 sur. 26,497
Ravenswood Spencer & Glenville gross for 1898, $42,247; deficit
under oper. charges, $10,704. Ripley & Mill Creek Valley gross, 1 898,
;
1 to
Ohio Southern
t>8,
p.
1021; V.
RR.—Lima,
69, p. 852, 906.
O., to Wellston, 183
Trafflo principally bituminous coal.
miles,
and
branches, 80 miles.
Stock, Etc.— Stock outstanding, $3,840,000; par $100.
Receivership— Road sold Oct. 15, 1898, to first mort. committee for
$2,000,000, No plan of reorganization had been issued to Apr., 1900.
Property now operated by Benjamin Norton for 1st mort. bondholders.
Committees.— First Mortgage : Chairman, W. A. Read of Vermilye &
Co., Simon Borg, Henry Sanford, Edwin S. Hooley and Thomas Denny.
General Mortgage: James D. Smith, Chairman, No. 42 Broad Street,
N. Y.; depositary, Manhattan Trust Co., N. T.—V. 61, p. 27, 1065; V.
Receivers' certificates paid off. Second mortgage
62, p. 139, 320.
suit, V. 70, p. 532.
Bonds.— Of the consols only $300,000 have been executed they are
held as collateral for car trusts. Car trusts mature about $150,000
yearly in monthly instalments. In April, 1898, both the 1st and 2d
mortgages were held to be a lien on the entire road. (V. 66, p. 901.)
Earnings.—From Mar. 4 to June 30,'99, gross, $208,854; net, $68,512.
Gross.
Net.
Year—
Int. <e taxes. Rentals, etc. Balance1898-9
$757,998 $247,503 $
$
$
1897-8
720,561
112,031
1896-7
636.523
164,272
350,903
115,996 def.302,627
—(V. 66, p. 901, 1002; V. 67, p. 74, 223, 372, 1208 V. 68, p. 474, 824;
V. 70, 532.)
Oklahoma City Ac Western Ry.— V. 70, p. 231.
;
;
Old Colony RR. (Mass.)—Owns road from Boston to Provinoetown, Mass., Newport, R. I., etc., 508 miles; leases, 108 miles; total
616 miles. See Supplement of September, 1894.
Lease.— In 1893 leased to the New York New Haven & Hartford
for 99 years. About $5,500,000 of the stock, included in table above,
was exchanged for New Haven stook, and is held by that company
The lease provides for dividends of 7 p. 0. per annum on stook not
exohanged. See V. 56, p. 247, 374. Stock authorized, $20,000,000.
Bonds— PrinciDp*
INTEREST OR DIVIDENDS.
pal, When
per When Where Payable, and by
Outstanding Rate
Cent.
Payable
Whom.
3,700,000
250.000
250,000
5
5
g.
&
&
&
&
&
&
&
&
&
&
&
J.
J.
J.
5g. M.
g.
6g. F.
6g. J.
6g. F.
6g. J.
4g. M.
5
&6
7
m
4
4
4
4
5
5
5
4%
g-
5
5
5
5
g-
4
5
g.
g.
LXX
'l'»b'«**.
Amount
$100
i
$19,598; surplus for year, $289.— V.
error (ll»<'»vf rt>il In l.tiow
1,000
1,000
(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 p. c. per annum on capital
stock and $500 yearly for organization expenses.
Ogdensburg Sz Lake Champlain Ry.—Owns from Rouse's
Point, N. Y., to Ogdensburg, N. Y., 118 miles.
Organization.— Successor in Nov., 1898, under plan in V. 63, p.
358, to the O. & L. C. Railroad, sold under foreclosure on May 2, 1898.
In Jan., 1899. the entire stock; $4,400,000 was purchased by tne
Rutland RR. and the 1st 4s (present issue, $3,700,000) guaranteed.
Bonds —Of the bonds, $700,000 are reserved for new construction.
Bondholders have one vote for each $100 principal of bonds.
Report.— For year ending June 30, 1899, gross earnings were
$677,^69; net over taxes, $.83,556; other income, $6,024; total net
income, $189,5*0. -(V. 68, p. 41, 86,131.)
<»hio Sz Kentucky Ry.—Building in Dec. 1899. from Lex. &
East. Ry. at Jackson, Ky., to cannel coal fields inMorgan Co., Ky. ,26 m.
To be operated by Lex. & East. Ry. Common stock, $200,000; pref.
stock, $100,000; bonds as above, $250.0<j0; junior securities to be
taken by stockholders. $175,000. The bonds are guaranteed by the
Kentucky Block Cannel Coal Co., whose $400,000 lPt mortgage bonds
are deposited with t'e trustee as additional security. Pres., W. de L.
Walbridge, 1 B'way, N. Y.; Sec. and Treas.. M. Baxter, Jr.
OHlo A Little Kanawha Ry.—Zanesville, O., to Marietta, 80
miles, including branches, 3 miles. Successor on March 1, 1900, of
the Zanesville & Ohio River Ry., sold in foreclosure Jan. 20, 1900, per
plan V. 69, p. 907. Stock, all outstanding, common, $1,000,000; preferred, $1,250,000. I year 1898-9, gross, $123,844; net, $13,662; no
interest paid on bonds.
In 1897-8, gross, $121,462; net, $10,767.
President, F. A. Durban; Sec, J. Hope Sutor. (V. 70, p. 177, 280, 480.)
Earnings.— On 224
Hill
1898
1896
1900
N }-panci RB.-V. 63, p. 220; V. 67, p. 223.)
Ogden Mine RR.— Owns Nolan's Point
an.
">l
10
127
26
80
"3»6
Omaha <£
nolle
[Vol.
Stocks— Last
Dividend.
J. Phila.. 608 Chestnut St. Jan., '00,
J. N. Y. Nat. Bk. of Repub. July 1.
July 1,
J.
8.
D.
N.Y., Central Tr. Co.
A.
J.
do
1,
June
1,
1,
1,
1,
1,
1,
1,
Apr.
do
do
do
O.
Mch.
Aug.
July
Aug.
New York or Phila.
Phila., E. W.Clark & Co.
A.
D. June, '96, pd. Sept., '96 June
N. May,'95,coup. last paid. May
2ia%
1948
1926
1950
1936
1937
1920
1922
1908
1921
192i
1944
1898-1905
See text
Q.-J.
J.
J.
F.
J.
J.
J.
J.
&
&
&
&
&
&
&
&
Apr. 2, '00, 1%
Apr. 1, 1904
July 1, 1904
J.
Jan. 1, 1938
J.
Feb. 1, 1924
A.
Deo. 1, 1925
D.
J. Boston, N. E. Trust Co. Jan. 1, 1910
Boston.
Jan. 1, 1912
J.
J. Prov. L. & T. Co., Phila. Feb. 1. 1943
M.
&
S.
A.
Oct. 1
J.
J.
&
&
in '99 J.
<fe
Boston, Office.
do
do
do
do
do
O.
Sept.
Interest in default.
payb. only if earn'd Oct.
Dat.
1,
1,
1926
1926
July 1, 1901
July 1. 192'?
July ?, '98, 1%
J. Jan., 1900 coup, in def.
J. N. Y., South Pacific Co.
N. Y. Office, 120 B'way.
do
do
J.
Jan. 2, '00,
2%
Floating Debt.— Loans and bills payable June 30. 1899. were
$187,000,against $737,000 In 1898.— V. 65, p. 463, 565; V. 70, p.176.)
Bridge Terminal Ry.— See Sup. of April, 1899.
Omaha
&
Omaha Kansas City
A- Eastern RR.— Owns road, oompleted
from Pattonsburg, Mo., to Trenton, Mo., 36 miles. On
Jan. 2, 1900, Chas. H. Chappell of Chicago and James Hopkins of St.
Louis were appointed receivers of the Om. K. C. & E., Om & St. L.
and K. C. & Nor. Conn. See Om. & St L. below.—V. 70, p. 39. On March
31, 1900, $300,000 receivers' certificates bearing not over 5 percent
interest were authorized. V. 70, p. 687.
For year ending June 30, 1899, gross, $399,581; net. $60,426;
charges, $147,672.— V. 68, p. 773; V. 69, p. 385; V. 70, p. 39, 687.
in June, 1897,
RR.—
Omaha &
Owns Council Bluffs, la to PattonsSt. Lonis
burg, Mo.. 145 m. Operated since July 29, 1897, by Omaha, K. C.& East.
History, Etc.—Successor in June, 1896 (per plan V. 62, p. 41. 1177)
of the Omaha & St. Louis Railway, sold in foreclosure Jan. 27.
On
Jan. 2, 1900, Chas. H. Chappell of Chicago and James Hopkins of St.
Louis were appointed receivers of the
& St. L., Kan. City & Nor.
Conn, and Om. K. C. & East., preparatory to reorganization and consolidation, in whioh, it was understood, J. W. Gates, Jaoob H. Schiff
aud E. H. Harriman would take part —V. 70, p. 39. On Mar. 31.1900,
$525,000 receivers' certificates bearing not over 5 per cent interest
were authorized. V. 70, p. 687, 792.
Securities.— Capital stock, $2,592,000, represented by Guaranty
Trust Co. certificates (for stock in trust).
Om
Earnings.—Year 1898-9: total receipts, $392,035; net, $116,801
and taxes, $114,812 surplus. $1,989. (V. 70, p. 687, 792.)
int.
;
& Rainy River RR.— V. 68, p. 1077; V. 69, p. 334.
Oregon Ac California RR.— (See Map Southern Pac.) -Portland,
Ontario
Ore., to California State line, 367 miles ; Albany June, to Lebanon, 12
miles; Portland to Corvallis, 97 miles Woodburn to Natron, 93 miles;
Portland, Ore., to Airlee, Ore., and branch, 85 miles. Total,654 miles.
Lease, Etc.— Leased to Southern Pacific Co. for 34 years from August
1, 1893, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any deficit after payment of charges. Betterments are payable bv lessor. Southern Pacific
interests own the bulk of its $19,000,000 stock, $12,000,000 of which
is 7 p. e. pref.; par is $100. Due So. Pac. Co. June 30, 1899, $3,t>63,163.
;
—
Bonds. Land grant was about 4,000,000 acres, part of whioh is
covered by the mortgage, proceeds of land sales going to redeem bonds
(su >jeot to call at par). The Southern Pacific guaranty of principal and Interest is printed on each of the 5 per cents. In 1898-9 net
land sales subject to mort. were $196,711.- See V. 63, p. 754.
Earnings.— Year ending June 30, 1899, gross, $2,252,397; net, $787,476; interest, taxes,
etc.,
$1,354,313— (V.
63, p. 754; V. 70, p, 76.)
Oregon Improvement.— See Pacific Coast Co. (Miscel. Co'es).
Oregon Railroad A- Navigation Co.—Road East Portland,
Ore., to Hunfctngton, Ore., 403 miles; branches 660; leases 2 miles;
1,065 miles; river division water lines, 353 miles, of whioh 19
narrow gauge. Ocean line to San Francisco, 660 miles. V. 63, p. 969.
In Dec, 1899, the Snake River Valley Ry. was opened ia the interest
& Nav. Co. from Wallula to Grange City, Washington,
of the Oregon
65-7 miles; also line from Fairfield to Waverly, Wash., 5 miles.
In
total,
RR
Apr., 1900, extension proposed from Lewiston, Idaho, up Clearwater
River to Mt. Idaho, about 120 miles.
Organization.—Organized in July, 1896, per plan in V. 61, p. 325
and V. 62, p. 41, as successor of the Oregon Ry. & Navigation Co. sold
in foreclosure. Controlled by Union Pacific Ry., directly and through
ownership of the Or. Sh. Line, which owns $16,281,400 of the common
stock. In July, 1899, Or. Short Line RR. guar, the payment during the
next 2 1* years of the remaining 10 per cent of the 20 per oent dividends
on the pref. stock, thus dissolving the voting trust.— V. 69, p. 181.
Stock.—In October, 1899, the TJ. P. issued its common stock to
retire, $ for $, the $7,718,600 Or. RR. & Nav common stoo- not
owned by the Short Line Co. and its preferred stook to retire the $11.000,000 Or. RR. & Nav. pref. stock.— V. 69, p. 492, 597. In Jan., 1900,
$6,615,700 common and $8,794,500 preferred stock had been acquired by the U. P.— V. 70. p. 177.
Dividends.—On preferred: 1897, 2 p. c; in 1898, 4 p. c; in 1899, 4 p.
c; in 190 J, Jan., 2 p. c. On common paid 1 p. 0. July 2, 1898.
Bonds.—The consolidated mortgage of 1896 (abstract V. 63, p.
928; trustee, New York Security & Trust Co.) covers all the property.
Of the $24,500,000 authorized, $606,000 in 1899 were reserved for retirement through sinking fund or otherwise of $569,000 firsts of 1879,
$1,106,000 for betterments, etc., and $2,830,000 for the construction
of additional road at the rate of not more than $20,000 per mile of
constructed road. First mortgage has a sinking fund to buy bonds at or
below 110, or else draw them at par on January 1.— V. 69. p. 1301.
.Gross, $486,455; net, $267,605
Latest Earn's.—I mo. J 1899
Gross. 528,157 net, 209,778
\ 1898
July 1 to July 31.
Report.— Report for 1898-9 in V. 69, p. 901.
1898.
1897.
1899.
Tear end. June 30—
$5,992,471
$4,130,381
$6,258,282
Rail lines
902,922
547,543
747,697
Water lines
$6,895,393
$4,677,924
$7,005,979
Gross earnings
;
April.
RAILROAD STOCKS AND BONDS.
1900.J
113
.urn; immediate notice of any error discovered In these Table*.
Bonds— Prinol
INTEREST OR DIVIDENDS.
Miles Date Size, or
- pal, When Due.
Amount Rat
„ „„.
When
K
of
of
Par
Where
Payable, and by stocks— Last
Outstanding
<iubMcrlbern will confer a sfreai fnvur Uy
RAILROADS.
•
i
For explanation of column headings,
on first page of tables.
<fcc.,
RR. & Nan.— ( Con. )— 1st M., g.,
Oonsol. mortgage, $24,500,000, gold
Oreff.
see notes
643
100.
8. f.,
C* 1,063
Oregon Short Line RR. —
1879
1890
$1,000
1,000
1882
1878
1,000
1,000
1,000
Common stook, $27,460,100
Non-cumulative Income bonds
Series A, 5 per cents, $7,185,000
Series B, $15,000,000
Otwego dk Syracuse- Stock, 9 p. c. guar., I>. L.
Consolidated mortgage (guar. D. L. & W.)
A W.
Construction M., guar.prln. Alnt.(for $1,000,000)
Owensboro dk Nashville—1st mortgage, gold
o*
Panama Stock
Ce.C
1st M.,$4,000,000, 8.f.,g,red. at 105(text)
Subsidy bonds.,g.,drawnat 100. SeeV.64,p.705.o*
Paterson dk Hud.Kiv.-8tk., 8 p.c. rent. N.Y.L.E.AW.
Palerson dk Ramapo—Stock (rental guarantee)
Pecos Valley dk Northeastern—1st mortgage, g.Ce.o*
Pemigewassel Valley RR.— Stock (rental guarantee)
Pennsylvania RR. Stock
General mort. bonds, $1,000 and £200 each..cAr
r
Currency registered bonds
—
.
.
—
'
Currency ooupon bonds
c
Sterling bonds
Gold registered bonds
c
r
o
Gold ooupon bonds
Gold sink, fund, 1 p. c, not drawn.. o*
35
35
35
88
48
48
14
372
.
.
iso:
Net earn'gs over exp. & taxes .$1,735,179
Payments- Interest on bonds
mortgage sinking funds
Improve en ts and new equipment
Depreciation water line equipment
First
1898.
$2,785,677
865,491
154,230
iij
Miscellaneous
Dividends on 4% pref stock
Dividends (1%) on common stock
.
89,350
(5)
1897 500 Ac.
1897 500 Ac.
1897 500 &c.
50
1876
1,000
1883
1,000
1881
1,000
100
1897
1,000
1880
1,000
50
:
1000
100
50
1898
616
550,000
I
1902,
&o.
or earli
;
H-99.
$2,717,706
830,356
163.110
35,997
94,610
49,912
(4) 440,000
'240,000
RR.—
;
;
j
,
,
Total net
Interest and sinking fund
Paid Sept 1 on "A" incomes
Paid Oct. 1, 1898, on "B" incomes
$2,927,582
$1,964,108
(5) 359,250
(3) 445,230
3,263,137
1,963,"83
(5) 359,250
U) 593,640
Balance, surplus
$158,994
$346,363
Flnanolal Office, 120 Broadway, N. Y. City.— V. 70, p. 176.
Oswego Syracuse
Owns from Oswego, N. Y., to Syracuse,
N. Y., 35 miles. Leased in 1869 during length of charter and renewal
thereof to the Delaware Lackawanna <fe Western Railroad Company for
9 per oent per year on $1,320,400 stock and interest on bonds.
Nashville Ry.—Owns from Owensboro, Ky., to
Adairville, Ky., 84 miles; Mud River Branch, 4 miles. Operated by
Louisville A Nashville Railroad, which owns the $1,156,518 stock (par
$100) and $1,200,000 of the first mortgage bonds— all these bonds and
most of the stock being pledged under its trust deeds.
Panama
Road— Colon to Panama. 48 m. Completed 1855
In 18*-8 built from Panama to La Boca, 2 miles.
In Deoember, 1895, an agreement was made with Paolflo Mall 8. 8.
to cover joint traflio between New York and Central America, Mexloo
and the U. S. Paoitto coast. This agreement expires by limitation in
1900.-V. 63, p. 76; V. 68. p. 668.
Dividends.— J '85 '86-7 '88 '89 '90 '91 '92 '93 5 None
Slnoo "84 p. ct. I 10
nil.
23
9
5
5
2
2 < since
Bonds.—The new mortgage of 1897 is for $4,000,000; sinking fund
Is $150,000 yearly and bonds may be drawn for s. f. at 105; the entire
issue may be called for payment on and after April 1, 1903, at 105.—
V. 65, p. 516. See also description in V. 66, p. 1046.
&
Owemboro &
RR.—
RR.—
&
A
J.
J.
g.
g-
7,185,000 5 p. c. In
14,841,000 4 in 1899
9
1,320,400
7
438,000
5
668,000
6 g
2,000,000
7,000.000
•1,765,000
4^ g.
1,482,000
6g.
630,000
8
298,000
8
5 g.
2,790,000
6
541,500
151,700,000 5inl899
6
19,997,820
6
1,961,000
6
2,757,000
22.762,020
6
5
3,498,000
1,500.000
5
4 K.
2,941,000
4,850,000
3^g.
er, on accou nt of con
Dividend.
J. N. Y., Sec. & Trust Co.l July
D. 'New York & Germany., June
1,
1,
1909
1946
Feb.
July
July
July
1,
1,
1,
1,
1922
1908
1926
1946
8ept.'99 N.Y.A Bost.,when earn,
Oct.
do
do
F.-A..20 N. Y., Del. L. & W. RR.
July
July
l,
l,
1946
1946
M.
M.
M.
Mch. 1. 1907
May, 1923
Nov. 1, 1931
Jan. 3, 1893
Oct. 1, 1917
Nov. 1. 1910
A
A
&
A
A
A
A
&
&
A.
M.
do
do
120 Broadway.
do
do
S.
N.
N.
Feb. 20, 1900
N Y.,
N. Y., 24 State St.
O.
do
do
N.
N. Y., 44 Exchange PI. Jan., 1900, 4%
N. Y., 44 Exchange PI. Jan., 1900, 4%
N. Y., Central Trust Co. Jan. 1, 1948
F.
A. Tre's.off., Concord. N.H. Feb., 1900, 3%
M.AN.j/ Philadelphia, Office. Nov.29, '99,2^
See x Phlla. Office A London. July 1, 1910
Q.-M. tS Philadelphia, Office.
June 15, 1905
J.
J.
J.
J.
J.
J.
J.
J.
AD.
do
is
A f.
M.
A 8.
A N.
Phila. office
&
do
June
and London July
Philadelphia, Office.
do
Sept.
Sept.
do
N. Y., Farm's L. A T. Co.
J. A J. Lond..Jolnt-St'k Bk.Ltd
structio n of La Boca terminal.
M.
May
July
15,
1,
1,
1,
1,
1,
1905
1905
1919
1919
1943
1945
The subsidy bonds are secured by an assignment and pledge
the U. S. of Colombia to the trustees of $225,000 annually, of
the annual subsidy or rental tothat extent payable to said government
by the company, and are drawn and paid off on November 1 yearly with
any surplus of the subsidy not needed for interest; $247,000 bonds
now in treasury. See statement as to subsidy bonds in V. 64, p. 705.
Annual Report.—The report for 1899 in V. 70, p. 737, showed
Tear
Oross RR.
Net RR.
Net of
Surplus,
made by
:
Earnings. Earnings. Steamships. Charges. Incl. Other Inc.
$1,098,966 $611,225
$182,639 $832,239
$295,234
618,719
1,106,460
119,111
874,624
266,746
1.241,942
766,534
87,350
832,286
409,875
The charges above in 1899 include: Lighterage, $111,270; general
expenses, $94,622; other expenses, $68,918; subsidy payment.
$25,000; interest on bonds, $177,075.— V. 69, p. 542; V. 70, p. 737.
Paterson & Hudson River.— Owns from Marion, Jersey City.
N. J. (south of Bergen Junction), to Paterson, N. J., 14 miles, double
track. Leased in perpetuity, at $48,400 per year for road, $5,000 for
land in Jersey City and taxes, to Erie RR., forming part of main line.
Paterson & Ramapo RR.— Owns from Paterson, N. J., to New
York State Line, 14 miles, double track, part of mainline of Erie RR.
to which leased Sept., 1852, during legal existence, at $26,500.
Pecos Valley.— See Pecos Valley & Northeastern Ry.
to
Bal ance, surplus fur year
t$963,856 t$l,212,827
t Including $73,107 misc. inc. in 1898-9; $77,866 in 1897-8.
—V. 69, p. 901, 906, 1301; V. 70, p. 39, 329.
Owns Granger, Wyo., to Huntington,
Oregon Sliort Line
Ore., 542 miles; branch to Ketchum, Idaho, 70 miles; Ogden to
McCammon, Idaho, 111 miles Pocatello to Silver Bow, Montana, 256
miles Lehi Junction to Tintio, Utah, 54 miles; Ogden, Utah, to Frisco,
•275 miles; sundry branches, 122miles (of which 40 miles narrow gauge);
total, 1,430 miles. In Deo., 1899, branch from Idaho Falls, Idaho, to
St. Anthony, on the Snake River, 137 miles, was opened.
In Aug., 3 899, the Utah & Pacific seventy-six mile extension, from
Milford southwest to the boundary line of Utah at McCune was completed.— V. 67, p 484. 733. The Utah Nevada & Calif. Ry., with
capital stock of $5,000,000, will build an extension from the State line
southwest across Nevada towards Los Angeles, Cal.— V. 68, p. 383. In
Jan., 1900, a contract for about 80 miles was reported let.
History.—Successor March 16. 1897, of the Oregon Short Line A
Utah Northern Ry., foreclosed per plan in V. 62, p. 504, 505. Controlled by Union Pacific, which holds nearly the entire capital stook
and the great°r part of the Income A and B bonds.
Capital Stock.— Authorized $27,460,100, of which new Union Pacific
Ry. Co in Dec, 1899, had acquired 98 per cent.— V.68,p.l88,381,474
Bonds.— Of the $36,500,000 new first consols, $24,162,000 are reserved to retire at maturity the loans not disturbed.
have received: In
Series A, incomes, non-cumulative 5 per eent
Sept., 1897, 4 p. c; Sept., 1898, and Sept.. 1899,Jthe full 5 per cent, at
Guaranty Trust Co., N.Y. or Old Colony Trust. Boston.— V. 69, p. 492.
The O. R. & N. stock is placed in trust as special security for
the Series B incomes, but dividends thereon are to go to the Short Line
company except as needed to pay to Series B their full interest. In
Oct., 1898, 3 per cent and in Oct., 1899, 4 per cent was paid on the
Series B incomes. V. 65, p. 572; V. 66, p. 1141.
In Oct 1899, the U. P. was issuing its preferred stock to retire dollar for dollar, the series "B" bonds and also its treasury 4s for the
$7,185,000 "A" bonds. In Jan., 1900, $6,312,000 of the Income "A"
lionds and $14,304,500 "B" had been acquired —V. 70, p. 176.
General Finances.— By the reorganization the annual fixed charges
were reduced from $2,788,575 to $1,853,770
The new company
owns a majority ($16,281,400) of the common and $976,900 of the
preferred stock of the Oregon RR. A Navigation Co.
Latest Earnings— From Jan. 1, 1899, to Nov. 30, 1899, gross, $7,334,511, against $6,370,185 in 1898.
Report for 1898-99 In V. 69, p. 1007, showed
1898.
1899.
1897.
Gross earnings
$7,577,108
$5,726,247
$6,317,058
Net earnings
2,246,868
2,728,598
2,825,488
Other income
198,984
437,649
Whom.
Payable
27,460,100 mostly o wnedby Union Pacific.
6g. F. A A. N. Y., 120 Broadway,
14,931,000
7
J. A J.
do
4,993,000
do
J. A J.
do
do
1,802,000
5 g. J. A J.
do
12,328,000
do
568 1867 $ or £
568 1875
1,000
568 1875
1,000
568 1873-4 £200
568 1879
1,000
568 1879
1,000
568 1893
1,000
568 1895
£200
Sterling (s. f in 1900) not drawn c *<fc r
$916,000 additional 4*2S authorized for payme nts in
x On coupon bonds J. & J.: on registered bon ds A.
[
inn*;
6
4
$411,000
19,634,000
100
&
600
Or. 8h.L. 1st M., p.
i., gold— see V.63, p.602.. .c'
Utah A North'n 1st mort., $12,000 per mile....o* 477
Consol. M.. gu., $15,000 p. m., s. f. not dr'n.g.o*
477
Omsol. 1st M., $36,500,000, g.(lstM. on 400m). c* 1,479
00*3
C e U t!
Road. Bonds Value.
I
a r..'M.
1849
18P8
1897
Pecos Valley
«fc
Northeastern Ry.— (See Map.)—Owns from
Pecos City, Texas, to Amarillo, Texas, 372 miles, of which Roswell to
Amarillo, 208 miles, was completed Jan., 1899.
Successor company to the Pecos Valley Ry. Co. sold in foreclosure
April 19, 1898, and reorganized as per plan (V. 66, p. 438). New
company took possession May 1, 1898. The authorized capitalization
is $3,162,000 of first mortgage bonds and the same amount each of
6 p. o. non-cumulative pref. and common stock. Stock is all Issued.
The bonds covers the entire line from Pecos to Amarillo, 372 miles,
and equipment; they are authorized at $8,500 a mile, of which
$1,000 a mile is held by trustee for future requirements, making the
total amount of bonds to be issued at present $2,790,000. Cash to assure interest payments for two years was deposited with Cent. Trust Co.
At Amarillo the road connects with the Atchison Topeka A Santa
Fe, and has close relations with that company, but is independent.
J. J. Hagerman, Colorado Springs, Col., President. Among the other
Directors are Chas. A. Otis, New York; B. P. Cheney, Boston; E. D.
Kenna, Chicago Morgan Jones, Fort Worth, Tex.—V. 66. p. 811, 1208.
Pemigewasset Valley
Plymouth, N. H., to Lincoln, N.H.,
23 miles. Leased to Concord & Montreal for 6 p. o. on stock.
Pennsylvania UK.-i'.ver Map).— The system, as shown on the adjoining map, extends from New York City, westerly, via Philadelphia
to Pittsburg, Erie, Cleveland, Toledo, Chicago and Burlington on the
north, and to Washington, Cincinnati, Louisville and St. Louis on the
south. The total system on Jan. 1, 1900, aggregated 9,237 miles, of
which 4,847 miles represent the mileage operated dire< tly under the
caption "the lines east of Pittsburg and Erie" and 1,390 mUes the
mileage operated directly under the caption "the lines west of Pittsburg and Erie," the latter being more fullv described under the title
Pennsylvania Company and Pittsburg Cincinnati Chicago A St. Louis.
The balance of the system is operated independently.
East of Pittsburg
Erie.
tUUt.
Hazletou A Wilkesb. Ry.T..
43
Main Line and Branches—
MUes. Sunb.
Other lines
;
RR.—
&
Philadelphia to Columbia, Pa
Harrisburg, Pa., to Piltsburg, Pa.
Branches and spurs..
Total main line and branches...
667
81
248
uu7
Total in Penn.
Trackage
Dillersville toHarrisb., Pa.,etc.
Connecting Railway!
other lines
Lines operated under contract-
ion.
Schuylkill Valley
RR.1
Sunbury A Lewistown Ry.t
Bald Eagle Valley RR.1
Cambria A Clearnehl RR.t
Southwest Pennsylvania Ry.T
Pittsburg Va. A, Charleston Ry.t.
Belvidere Delaware RR.t
Phlla. Germ. A Chest. Hill «H.t.
Philadelphia A Long Branch RR.
Delaware River RK. & Bridget....
Philadelphia* Erie RR.t
statistics. •£, 1
636
669
389
310
163
27S
Northern Central Rv.t
West Jersey* Seashore RK.t
Cumberland Valley RK.1
Allegheny Valley Ry.t
52
134
1j7
Grand
total east of P.
A E
West of Pittsburg
145
*7
Jt
4.611
Erie.
MOm.
Reported directly
7
56
61
Reported separately—
Phil. Wilm. A Baltimore!
Lines operated by lease—
Har. Port*. Mt. Joy & Lan. RR.t
Tyrone A Clearfield hy...
Western Pennsylvania RR.t
United New Jersey RR.1
Trtnton to Jersey City, etc
Philadelphia* Trenton RR.t
RR.
Chicago A St. Loulsl...l,47S
Pennsylvania Oompam linest
1,076
Pitts. Cln.
gjj
130
66
90
08
Total reported directly
Reported separatkly
-
2.34S
Grand RapMs A Indiana linest
Terre Haute .* Indianapolis?
ll'i
77
82
14
Other lines (see Pa. Cu.statement)
Total system Jan.
1,
1889
582
638
656
9.036
49
10
M2
t
i
See
separate
statement for this
company.
Organization, Leases, Ac— The charter of the Pennsylvania Railroad was dated April 13,1846. The Pennsylvania Company controls
all the lines west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock In Jan., 1900, the Penn. RR. purchased stock in
the Baltimore A Ohio RR.. the Chesapeake A Ohio Rv. and the Norfolk A Western Ry. V. 70. p. 76. 231, *87.
On Nov. 1, 1899. the
Delaware River RR., the Baltimore Chesapeake A Atlantic Ry. and the
114
tog
^,W'
^ litis
P
INVESTOKS'
SUPPLEMENT.
TVOL.
LXX.
April,
KAILROAD 8TOCK8 AND BONDS
»00
115
MiiixrihiiH will confer a great favor by giving Immediate notice of any error (Uncovered In these Tables.
Bonds— PrlnclINTEREST OR DIVIDENDS.
RAILROADS.
For explanation of column headings,
on first page of tables.
<fec.
see notes
Miles
of
Date
8ize, or
of
Par
Road. Bonds! Value.
1
Perm. RR. -(Con.)— Bonds(P.W.&B. stk. as col.
Navy Yard mort. (extended 20 years in 1881) .r
c*
Collateral trust loan, gold not drawn
1881
1881
1883
1889
$1,000
5,000
1,000
1,000
•86-91
1,000
1892
1,000
. .
,
Equip. Tr. gold bonds (a. f. 5 p.o.) not drawn.. ..o*
Penn. Equip. Trust (In series payable ijo yearly).
Penn. Rolling Stock Trust (1-10 payable yearly).
(l-10jearly)
do
do
do
do
do
do
do
do
r
Del. Ave. Market 1st mortgage
r
Delaware Ave. Bloodgood property
Penn. RR. real estate purchase money gold M.o*&r
Pennsylvania Company — Stock
Bonds, gold, sec. by pl'ge &. guar, by Pa. RR.c*&r
Guar.tr.ctfs.$20,000,000g.guar. Pa.RR.,ser.A*..r
......
......
.
Car trusts (Dec. 1899)
Pennsylvania dk North Western- Stock, $2,566,6o6.
o*
Bell's Gap Extension 1st mortgage
Consol. mort. (for $550,000) s. fund not dr"n.c*
c*
Clearfield & Jefferson 1st mortgage
1,000
1,000
5,000
1,000
1,000
1881
1897
1,000
1,000
.
c*
General mortgage for $2,500,000
trusts, $50,000 due Marcb, yearly
R.I.&P
Peoria <& Bureau Val.— Stk., 8 p. c. rent'l C.
Peo. Decatur <t Evansv.—lBt M. (Peoria Dlv.), g..c*
1st m. (Evansv.Dlv., Mattoon to Evansville,) g.o*
o*
Second mortgage, gold
Peoria dt Eastern— (nd. Bloom.A W. 1st M., pref.c<fcr
Ohio Indiana <fe West. 1st M.,pref., gold, Int. gu.cP. & E. consol. M. $10,000,000, Interest guar..c*
2d consol. mortgage, income, non-cumulative. .c
....
50
1880
1,000
1883 500 &c.
1886 500 &c.
1890
1,000
62
24
24
38
62
Car
.
'
all
The Brown Committee
except about 40 of the
47
110
128
244
202
342
342
342
is paying each April 1 and
first mortgage bonds of both
|
!
....
100
1880
1,000
1880
1,000
1886
1,000
1879 1100 &c.
1888 500 &C
1890
1,000
1890
1,000
!
'
Pennsylvania UK. Co.— Concluded.
interest in other railroad lines and canals, as well as on shares and
bonds of other companies of an estimated cash value of over $50,000.000. Sinking fund for consols Jan. 1, 1900, held— Consols canceled,
$1,830,980; other securities and cash $6,4 07,744.
The 4 per cent loan of 1881 is secured by Phila. Wi'm. & Bait, stock.
The collateral trust loan of 1883 is secured by the deposit of mortgage
bonds of subsidiary lines to the par value of $13,576,000.
Guaranteed Bonds.— See Supplement of April, 1899.
General Finances.— In Jan., 1900, stockholders subscribed to $12,930,500 new stock at par to provide for construction and equipment
expenditures on the main and leased lines and branches in 1900, etc.,
and in Apr., 1900, $2,673,100 stocli had been issued to acquire 'he
Western Transportation Co. and the remaining $6,700,000 of
Erie
the $151,700,000 authorized sold in open market, v. 69, p. 1248;
V. 70, p. 4 30, 532, 740.
In April, 1900, terminal improvements at
Wasuington were proposed, estimated to cost $6,000 000, of which
the city will pay a i-hare. V. 70, p. 740.
Latest Earnings.— Jan. 1 to Feb. 28, (2 months) directly operated:
Lines east of Pitts- > 1900
Gross, $12,577,605; net, $3,633,598
burg&Erie.
Gross,
£1899
2,029,398
9,881,005; net,
Lilies west of P. & E., inc. or dec. Gross, +1,694,300; net,
+459,300
Annual Report.— Fiscal year ends Dec. 31. Annual meeting is held
at Philadelphia on second Tuesday in March. The report for 1899 was
given at length in V. 70, p. 476, 484 see also editorial p. 455.
&
;
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
1898.
2,755
$65,603,738
$21,093,722
4,636,057
225,631
340,333
105,666
158,958
1897.
2,747
$64,223,113
$20,965,487
4,616,216
231,194
353,267
189,574
104,248
$26,560,367
$11,320,449 $10,315,772
4,265,505
4,263,459
Int. oumorts. & gr'd rents...
131,558
133.604
Interest on car trusts
640,387
437,828
Equlp.trustloau sink. fund.
136,400
136,400
State taxes and miscellan..
1,125,864
1,044,575
$26,459,985
$9,718,430
4,261,039
133,023
549,154
136,400
828,806
Total net income
S28. 107,635
Deduot— Rentals
Interest on funded debt
.
.
Total
$17,620,164 $16,331,638 $15,626,853
Balance
$10,487,471 $10,228,729 10,833,132
Payments—To trust fund
$91,438
$94,410
$92,000
Consol. mortgage redeemed....
324,780
354,480
354,780
Extraordinary expenses
989,228
1,067,305
673,858
$1,435,136
$1,486,495
$1,120,638
Balance to credit of lnoome... $9,052,325 $9,108,090
$9,346,637
Dividends
(5)6,465.266 (5)6,465,236 (5)6,465,170
Extra Betterment Fund
1,800,000
1,500,000
$1,800,000
Pooredltof profit and loss.... $1,087,059
Bal profit and loss Dec. 31.... $22,380,734
I
Payable)
pal, When
Due.
Payable, and by. Slocks— Last
Whom.
Dividend.
4
J. & J. Phila.,Pa.Co.for Ins.&o.
$7,702,000
!J. & J.
1,000,000
5
Phila..Co.'s Office.
9,900,000
4^. J. <fe D. Phila.,Provld'tL.<feT.Co.
M.
& S. Phila., Glr'd Life <fec. Co.
2,728,000
4 g.
Q--F. Phlla.,Tr. S. Dep.&I. Co.
4
387,000
4
Quar'ly. Phlla., Gir'd Life Ac. Co.
1,470,000
3 isg. Quar'ly.
do
3,000,000
do
3 Jag. Quar'ly.
3,000,000
do
do
do
7,000,000
do
3Hs g. Quar'ly.
Philadelphia.
300,000
43,o M. & 8.
44 10 IM. & 8.
200,000
Philadelphia.
4 g. M. & N. N. Y.. Farmers' L. A Tr.
2,000,000
21.000.000
Pittsburg, Co.'s Office.
4i«g.iJ. & J. |N. Y., Nat'l City Bank.
19,467,000
3i2g.
M. & S. N.Y..Union Tr. <fe Phlla.
4,950,000
4
Various Phila., Gu. Tr. Co., etc.
928,401
Phila., Gu.Tr. & 8. D.Co.
2,250,000 2inl899
6
F. & A. Phila., 26 8o. 15th St.
81,000
A. & O. Phila.. Gu.Tr.A S. D. Co.
145,000
6
1.000.000
J. & J.
do
6
do
J.
& J.
1,021,000
5
do
do
M.
151,000
5
& S
do
do
,N.Y.
F.
&
A.
1,500,000
8
.Ch.R.I. & Pac. RR.
J. & J. *July'97,cp. pd. Dec'97
1,287,000
f g M. & S. :*8ep.'96
1,470,000
6
cp. pd. Feb. '97
g.
2,088,000
5g. M. & N. Nov., '93, coup, last pd.
4
A. & O. N.Y., J.P.Morgan <fe Co.
1,000,000
500,000
Q.-J.
do
5 g.
do
4
A. & O.
8,103,000
do
do
4
April 1
N. Y., when earned.
4,000,000
July
1921
1901
1913
1914
1900 to 1901
1902
1900 to 1908
1,
1,
June 1,
Sept. 1,
Jan.
!
!
Nov., 1900-'09
Feb., 1901-10
Mcb.
May
June
July
1
-
1909
1912
1923
1894
1921
1937
1,
Sept. 1,
Sept.
1
!
I
|
I
1,
1,
1,
1,
Various dates.
Jan. 10, '00, 2
Aug. 1, 1905
Apr. 1, 1913
Jan. 1, 1927
Jan. 1. 1930
Mch.,'00 to '03
Feb., 1900, 4%
Jan. 1, 1920
1920
1926
1940
1938
1940
1990
Sept. 1,
Nov.
Apr.
Apr.
Apr.
Apr.
1,
1,
1,
1,
1.
Oct. 1 *>t the Central Trust Co. interest at 5 p. c. per annum on certificates representing
divisions, that is all bonds deposited with said trust company under their agreement
Cleveland Akron & Columbus Ry. were formally taken into the system, and on Jan. 1, 1900, tlie Cleveland & Marietta Ry.— V. 69, p. 955.
1345. In Mar., 1900. the Erie & Western Transportation Co., having
docks at Buffalo and operating aline o) steamships on the Great Lakes,
-was acquired (V. 70, p. 430, 5*2). In Apr., 1900, the Penn. RR, ottered
to purchase the $20,000,000 We.-tern N. Y. & Penn. Ry. stock at $9
per $50 share and also the $9,605,000 income bonds at $300 per $1,000
bond, if a majority consented on or before May '26, 1900. See ChroniCLEof Apr. ^8, 1900.
Securities Owned.—The total cost of these to January 1, 1899, was
$117,238,886, most of which are pledged to secure Pennsylvania issues.
Revenue derived from these securities in 1898, $4,636,057.
Capital Stock.— Stock, $151,700,000, all issued; the amount outstanding has been increased from time to time, chiefly by sale at
par to stockholders, for new acquisitions, etc. See God. Finances below.
Dividends J '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94toNov.,'99
5
percent. ) 8*4 7
5
5 5*2 5
5 5^ 6
6
5 yearly.
In 1893 paid also 2 per cent in scrip.
Bonds.— Consolidated mort. of 1873 for $100,000,000 secures all the
consols equally, though issued at different dates; of the amount authorized, a sufficient amount is reserved to retire the general mortgage of
1867. It covers all the property and franchises of the company,
Including its main line from Philadelphia to Pittsburg, and branches,
being a total of 517 miles, partly four-tracked, together with real
estate and equipment. It is also a first lien on the company's leasehold
Year ending Dec. 31—
1899.
Miles operated
2,781
GrohB earnings
$72,922,985
Net earnings
$22,578,351
Int. on Pa. RR. investments
4,739,506
Int. on United N. J. securities
253.884
Int. for use of equipment
384,034
Interest, general account
87,539
Miscellaneous
64,320
When Where
1
1898
1899
1900
1889
1892
1893
50
:
Amount
per
Outstanding Rate
Cent.
$342,854
$22,445,998
$1,081,467
$22,823,957
EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND ERIE*
Year ending Dec. 31—
1898.
1899.
Gross earnings
$152,220,106 $136,130,272
-Netearnings
45,672,655
41.459,415
Officers— President, A. t. Cassatt; 1st V. P., John P. Green, 2d
V. P.. Charles E. Pugh; 3d V. P., S. M. Prevost; 4th V. P., Samuel
Rea; Secretary, John C. Sims; Treas., Robert W. Smith.— (V. 70, p 76
430,476,484,532,687,792.
Pennsylvania Company.— (See Hap Pennsylvania RR.)—Owns
no road in fee but has charge of all the system of the Pennsylvania
Railroad Co. west of Pittsburg, viz.- (U See this company).
Leased by transfer from Pa. RR.:
Conlro'led by stock, etc.:
Miles.
W. & Chicago. ^469-89
Newcastle* Beaver Val.. 1F14-98
Pittsb. Ft.
Massillon & Cleveland
1223
Erie <fe Pittsburg
1T84-47
Cleveland & Pittsburg.... X 198-34
Leased directly by Pa. Co.:
Pitts. Youngs. & Ashta
II 125-09
Toledo Wal. Val. & Ohio... 1] 125-40
Indianap. & Vincen. RR.*H13311
Controlled by stock or otherwise.
15-27
Pitts. Ohio Val. & Cin.
•55
Roch. Beaver Falls &
2-96
Marginal RR.,Beav.F..Pa.
8alineville RR...
307
•71
Rolling MillRR.,Toledo,0.
10-25
South Chic. & Southern..
7-56
State Line & Ind. City
4-43
Calumet River
W
,
. .
Pitts. Cin. Chic.
Ry. and leased
&
St. L.
lines... 1T1.340-68
& Muskingum Val... 11148-45
&. Washing..
28-15
Cleveland & Marietta
11103-13
Cin. Leb. & Nor
31-76
Cin.
Waynesburg
Grand Rapids &
Indiana..
Gr. Rap. <fe. Ind..
Traverse City RR
Cin. Rich.
Fort Wayne
Musk
.
433-91
3685
2600
&
118560
Vand. & Terre H. .. U158-30
East St. L. ACarondelet.. H 13-25
St. L.
.
Controlled jointly with
other companies:
Pitts. Ohartiers & Yough..
Tol. Peoria
&
Western
Lines used jointly under
trackage arrangements.
Total of
all lines
Total Penn. Co. lines... 1,208-31
H15-74
H230-70
93-33
3,95416
* Operated by P. C. C. & St. L. Ry.
Organization—Chartered in Pennsylvania April 7, 1870. Its stock
Is owned by the Pennsylvania Railroad.
On Deo. 31, 1898, the Penn
sylvania Co. owned sundry bonds having a par value of $8,817,402,
and stocks of par value of $58,681,567, valued at $38,621,727, and
yielding from Jan. 1 to Dec. 31, 1898, an income of $1,453,624.
DrvTDENDS.—In 1883,4 per cent; then none till 1892, when 4 per
oent was paid in March; in 1893, March, 4 p. c; in 1894, June, 4 p. o.
Bonds.—The gold bonds of 1921 are secured by leases of P. Fort W.
& C, the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds and
stocks having a par value in 1881 of $24,171,630, as well as real estate.
In Sept., 1897, guarantied trust certificates were issued by Girard
L. 1. A. & Trust Co., Phila., as trustee, under a deed of trust made by
the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged $5,000,000 at par of the 7 per
cent guaranteed special stock of the Pittsburg Ft. Wayne & Chicago
Railway Co. The total authorized issue of the trust certificates is
$20,000,000, each series to be secured by deposit of shares of the
special guaranteed stock to an amount equal to the par value of the
series. See V. 65, p. 368, 572, 1116; V. 67, p. 1 22.
Report.— In year 1898 gross on 1,225 miles, $21,089,609; net,
$7,544,266; interest, rentals, etc, $6,861,761; bal.. sur.. $68 4,505.
In 1897, gross, $20,225,670; net. $8,050,069. In year 1895 profit.
S947.034; in 1896, profit. $238,267; in 1897, profit, $1,009,821; in
1898, profit, $682,505.— (V. 69, p. 904, 955, 1248.
&
RR.—
Pennsylvania North Western
Owns Bellwood, Pa., to
Horatio, 62 miles total, including branches, 75 miles. A consolidation
Jan. 1, 1890, of the Bells Gap and Cleartleld & Jefferson roads.
Dividends.— In 1890, 5 p. c; in '91, 5: in '92, 5%; in '93, 6 p. c; '94,
2; 1895, 2; 1896 to '98, none; in 1899, July, 2; in 1900, Jan., 2 p. c.
Earnings.—Year ending Dec. 31, '99, gros9, $670,239; net, $260,841;
Interest, taxes, etc., $142,062; dividends, $90,000; balance, surplus,
$28,779. In 1898, gross, $598,641; net, $224,767. (V. 59, p. 1008.)
;
Peoria
&.
Bureau Valley RR.— Peoria
to
Bureau June..
111.,
47 miles. Leased in 1854 to Chicago Rook Island & Pacific RR. for
$125,000 yearly; dividends, usually 8 p c. yearly, occasionally more.
Peoria Decatur & Evansvllle Ry.— Owns from Pekin
to Evansjoint track to
City, 8 miles; leases, Pekin, 111., to Peoria. 111., 9 miles; through
Deoatur 3 miles; total, 254 miles. Stock, $8,400,000.
vllle,
228 miles; branch, 6 miles; total owned, 234 miles;
Hervey
Receivership, Etc.— Receiver is E. O. Hopkins—see V. 65, p. 195.
Purchased for $3,481,000 under foreclosure of both divisional first
mortgages Feb. 6, 1900, by the Colonial Trust Co., which owns a
large majority of the second mortgage bonds, and, it was believed,
has arranged to sell the road to the Illiuois Central RR. The first
mortgage bonds will receive par and interest in cash. The foreclosure
will be brought up for review in June, 1900. V. 69, p. 1248; V. 70.
p. 39,
792.
Earnings.— 2 months,
Gross. $157,801; net, $49,179
Gross, 123.982; net, 33;759
For year ending June 30. 1899, receiver's report showed, gross,
$824,793; net, $78,036; year 1898, gross. $904, 023; net, $108,671;
year 1897. gross. $901,675; net. $124,323: vear 1896, gross, $864.054; net. $204,958. V. 70, p. 231, 280, 6S7, 740, 792.
Jan.
1 to
Feb. 28.
)
19
5
1899
116
LNYESTOKS' SUPPLEMENT.
I
Vol.
LXX.
April.
lOOfl
RAILROAD STOCKS AND BONDS
'
RAILROADS.
_
„,.»
Ml lew Date
For explanation of column headings,
on first page of tables.
<fee,
see notes
of
20
c
dt Pekin Unions— 1st mortgage, gold
c
20
2d mortgage, gold
Peoria dt St. Louis—1st M., gold, $20,000 p. in .c*
Pert Marquette— Common stock, $16,000,000
Preferred, 4 per cent, non-oum., $12,000,<>00
10
Grand Rapids Newaygo & Lake Sh. 1st M.2d Div.
488
Ohio. & West Mich, general mort.($12,000p.m.).e'
350
D. Gr. R. & W., 1st cons, (now 1st) M., law. m.c*
65
Holly Wayne & Monroe 1st mortgage, assumed.
Text
extended (text)
do
do
281
Flint & PereMarq'tte mortgage 6s of 1920, trold.e
395
Consol.M., ($10,000,000) $20,000 p.m., g.C<-. e
235
F. &P. M. IstM. Pt.H. Div. ($3,500,000) ,g..Cts.C*
.
B
c*
19
Ch.<feNo.Mich.lstM.,gu.,p.&l.endby Ch.&W.M.e
Mich. Equip. Co. IstM., gu.p.&i., s.f. red. at lOO.r.
93
Toledo Div. 1st M., $400,000, gold, I
—
Western Eq uipment Co
Ch. <fe W.M. coupon scrip Jan.l, 1899— V.59,p.737
Pere Marq. Transportat'n Co., gold, p. & i. guar
Periciomen— IstM., ser. I (lstl'n) gold. gu. p. <fci.c"
gold, guar. p. & l. (end.)..c*
Peterborough RR.— Stock (rental 4 per cent)
1st M., ser. 2 (2d
l'n)
Ph.il.dtBaU.Cent— lstM.$2,500,000,$l, 200,000 4
V
1881
1881
1896
$1,000
1,000
100
100
100
1875 500 &C.
1881
1,000
1897 500 &C.
1871
1871
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1880
1889
1889
1897
1891
1892
1894-7
38-5
38-5
'73
Phila. dt Ohes. V.— 1st M., pf., old 5s, red. '96, g..c*
1st m., old 4s, not pref., int. reduced in '96, g..c*
Phila. dt Erie— Common stock ($10,000,000 author.)
Preferred stocK, 7 per cent, special
Gen. M. (now 1st) gold, guar. p. & 1. by Pa. RR..C
r
do
do
($5,263,000 are 5s)
Phila. dt Frankford—1st M., $500,000, eu.GnP.o*
M.,
gu.
Dy
Pa.
Ry
.r
Chestnut
Hill—
1st
Phila. Germ, dt
287
287
287
287
o*
Consolidated mortgage, gold
Phila. Germ, dt NorrisVn— Stock rental., P. & R. Ry.
Phila. Harrisburg dt Pittsburg—1st mort., gold.c*<ter
c*
Phil. Newt'n<6N. Y.— 1st M gold (see text)
14
29
44
22
,
"7
1897
1,000
1888 100 &c.
1888
1,000
100
1881
1,000
1*48
500
1HHH
500
50
50
1869
1,000
1869
1,000
1892
1,000
1883
1,000
1894
1,000
50
1890
1,000
i.ooo
1892
& Western, sold in foreclosure
and leased till Apr. 1, 1940, to
which
guarantees interest, but
Cincinnati
Ch.
&
St.
L.,
Cleveland
not principal, of the first consols and the underlying bonds, and owns
one-half the $10,000,000 stock, par $100. See Supplement of Jan.,
1894, as to provisions respecting any surplus over oharges.
Bonds.— See abstracts of mortgages of 1890 in V. 51, p. 246 and
Of O. Ind. & Western mortgage, V. 47, p. 201.
Earnings.— 8 months, > 1899-00 ...Gross, $1,564,222; net, $533,324
July 1 to Feb. 28. $ 1898-99.... Gross, 1.261.390; net. 297,582
Surp. over 8 mos.' oharges, $233,324 in 1899-0, agst. $3,385 in '98-9.
Annual Report.— For 1898-99 see lessee's report V. 69, p, 603.
Interest, etc.
Net.
Balance.
Year end. June 30. Gross-.
1898-9
$453,839
$441,370 sur.$12,469
$1,903,217
456,782
441,620 sur. 15,162
1897-8
1,883,107
V. 61, p. 507,568; V. 63, p. 556; V. 67, p. 425,530; V, 69, p. 492.
Peoria Pekin Terminal Ry.— See Street Railway Supp't.
Peoria 6c Pekin Union Ry.— Owns Pekin to Peoria, on both
sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 16-55; second main track, 8'92; total main track, 25-47 miles.
Mileage of side and yard tracks, 47-62. Capital stock, $1,000,000.
Owned by the Clevelaud Cincinnati Chicago & St. Louis, Chicago
Peoria & St. Louis, Peoria Decatur <fe Evansviile, Lake Erie & Western
Lease, Etc.— Formerly Ohio Indiana
in 1890, reorganized per V. 49, p. 616,
—
&
and Toledo Peoria & Western companies. Dividends 1895-1899, 6 p c.
per annum. Earnings for year 1898 99, gross, $736,009; net, $375.633; charges, $266,606; dividends, $60,000; balance, surplus, $49,027.
In 1897 8, gross, $686,848; net, $352,120.— V. 60. p. 521; V. 70, p. 584.
Peoria 6c St. Louis Ry.— In April, 1900, partially constructed
from Springfield to Peoria, 111., about 55 miles, and it was reported
would be completed in 1900. See V. 69, p. 81. Incorporated July
24, 1896. First mortgage is for $1,100,000 bonds to be issued at
not exceeding $20,000 per mile. V. 64, p. 755. Mortgage trustee
was Robert Maclay. Stock outstanding, April, 1900, $50,000. President, Turney English; Sec, T. W. S. Kidd. V. 69, p. 81.
Pere Marquette RR.— Operates a network of lines lying
chiefly in Michigan, the eastern termini being at Toledo, O., Detroit,
Mich and Port Huron, Mich, (connecting there with the Grand
Trunk Ry.), and the western termini at La Crosse, Ind. [through parlor
cars also running to Chicago, 111.], and at Grand Haven, Ludington,
Muskegon, Manistee in Michigan, on Lake Michigan. One line extends
northerly from Grand Rapids, via Traverse City to Bay View.
Lines owned in fee.
Miles.
Miles.
Alexis (near Toledo) to LudTrackage, etc., Ann Arbor RR.
6*6
ington on Lake Michigan
268
into Toledo
34Sparta to Sheriden
La Crosse, Ind. to Bay View,
Mich
394 Other
23
West Detroit to G'nd Rapids,
Leased (G. R. Beld. & Sag.)—
Mich
147
29 ^
Freeport to Beld ing
Port Huron to Muskegon ..... 240
Pt. Huron to Sand Beach, etc. 110 Total operated, about
2,412
613-4 Spurs, about
200
Other lines, spurs, etc
Also owns car ferries Milwaukee to Muskegon, and Ludington and
Manistee to Milwaukee, etc., forming part of a short line from St. Paul
to tidewater, opened Jan., 1897, and four steamers valued at $443,564.
Organization.— Incorporated Nov. 1, 1899, as a consolidation of
Chicago & West Michigan Ry.. Detroit Grand Rapids & Western RR.
and Flint & Pere Marquette RR., per plan in V. 68, p. 1024. 1181. The
Saginaw Tut- cola & Huron RR., Saginaw to Bad Axe, Mich, 67 miles,
was purchased and transferred Feb. 1, 1900.—V. 70, p. 280.
Stock.— Authorized issue $1<;,000,000 common and $12,000,000 4
p. c. non-cum. pref. (to be subject to increase only with the consent of
a majority of each class of stock).
Bonds.—Ihe $24,811,465 bonds and $533,000 equipmont obligations
of the three companies are not to be disturbed for the present. In
Jan., 1900, a four per cent consolidated mortgage had been authorized
by the stockholders, but not yet created.
In April, 1900, $1,000,000 four per cent 20-year extended Holly
Wayne & Monroe bonds were sold to retire the $1,000,000 8s maturing Jan. 1, 1901, reducing the charges $40,000 yearly. V
0, p. 792.
Latest Earnings.— 1 mo., > 1900.. Gross, $596,332; net, $128,201
Jan. 1 to Jan. 31.
82,644
513,710; net,
J 1899. .Gross,
Earnings.—The combined earnings of the three properties were
Year ending Dec. 31—
1897.
18*9.
1898.
Total gross earnings
$6,5>-5,247
$5,757,460
$7,202,373
Net earnings over taxes
11,421,050
\
,
„ 0;l „., 511.587,456
J,t>-4,z»o
Other income
^
7,876
\
17,625
Total net income
$1,624,255
$1,60\081
l,27f>,343
$1,303,674
$1,428,926
$1,292,380
Balanoe, surplus, for year. ...
$V96,;->97
$136,546
348,912
Officers.— Chairman of Board, W. W.Crapo; President, Charles M.
Heald; See and Treas., Charles Morriam; Comptroller, C. H. Potter,
Jr.-V. 70, p. 39, 76, 176, 280, 792.
Charges
en
i>eri
t
Q.-F. N.
g.
4^g. M. <fe N.
400,000
5g.
F.
7
5
4
8
4
6
5
5
5
5
J.
J.
A.
497,000
<fe
<fe
&
g.
g.
g.
A.
&
&
&
M.
<fe
g-
J.
J.
J.
A.
M.
1,667,000
227,000
6
128,000
6
5
663,622
160,000
6 g.
799,600
1,125,000
5 g.
385,000
4
2,200,000 4^ <fc5
280,510
4 g.
100,000
3g.
7,985,000
2,400,000 4 in 1898
8,680,000
6g.
11,143,000 4g.&5g.
1,000,000
263,000
2,246,900
2,000,000
1.417,000
&
J.
A.
&
&
&
&
<te
<fe
M.
A.
A.
&
&
&
<fe
Dividend.
Y.,
D. N. Y., Un. Tr. & Boston.
do
D.
do
O. 2d Nat. Bank, Boston.
J. N. Y., Merchants' N.Bk.
1
O.
1
N. Bos., Nat. Webster Bk.
D.
Boston.
J.
O.
N.
O.
O.
1,
1936
1,
1,
1,
1,
1,
1,
1905
1921
Deo.
Apr.
Jan.
Jan.
Oct.
Apr.
July
J. Intern'l Tr.C'o., Boston.
O.
1921
1921
May
do
do
do
do
1,
1,
June
J.
O. N. Y.,Mer. Ex. Nat. Bk.
N.
Q.-J.
Q.-J.
A.
pal.Whun Due.
Stocks— Last
Central Trust Co. Feb.
do
do
Feb.
A. N. Y., Kniekerbock. Tr.i Aug.
Semi-an
J.
Bmuls— PriiiOiby
Whom.
Payable
6
5,379,000
1,000,000
Text.
3,999,000
2,600,000
3,325,000
May
1
June
1946
1,
1,
1,
1,
1901
1921
1920
1939
1939
1937
1931
1902
1909
1,
1894
1,
1,
Apr.
1904-7
N. Y.,Mer. Ex. Nat. Bk. $20,000 y'rly
Phila. Reading Ter.Bld. Jan. 1, 1918
do
do
Jan. 1, 1918
Nashua, N. H.
Apr., 1900, 2%
Phila., Penn. RR. Co.
Nov. 1, 1911
Apr. 1, 1938
Philadelphia.
do
do
Apr. 1, 1938
I
1
j
i
1
Phila.,
Broad
St. Stat'n.
Mch.
Yeariy. Phila., Broad St. Stat'n. Deo.31,'98,4%,
& J.
& O.
& A
& N.
& N.
and London, July 1, 1920
Broad St. Stat'n. July 1, 1920
Comp'y's
office, Aug. 1, 1922
4g.
4ig
Broad St. Stat'n. May 1, 1913
M.
do
Nov. 1, 1944
do
4^g. M.
Q.-M. Phila., 132 So. 3d St. Mar. 4, '00, 3%>
12
5 g. A&015 Phila., Comp'y's office, Oct. 15, 1925
not. 1. 1942
do
do
See text. A. * O.
J.
A.
F.
do
Phila..
Phila.,
Phila.,
RR.—
Owns from Perkioinen Junction, Pa., to Emaus
Perklomen
Junction, Pa., 38 3 miles. Stock, $37,500, f. p.; par $50. Reorganized in
1 887. There is due Reading Company on loaD account about $759,000.
Total current liabilities June 30, 1899, $878,725. In year 1898-99.
gross, $302,239; net, $148,775; int., etc., $101,426.
Wilton to Greenfield, N. H., 10*2 miles.
Peterborough
Leased April 1, 1893, to Boston & Lowell for 93 years at 4 p. c. on
stock and expenses. Capital stock $385,000; par, $100; div., A. O.
Petersburg
See Atlantic Coast Line Co. of Virginia.
-
RR.—
RR.—
Philadelphia
6c
Raltlmore Central
RR.— West
Pnna. to
Octoraro Jo., Md., 63 miles; Wawa to West Chester, Pa., 9 m. (double
track, 13 m.); branch, 2 m.; leased, Chester Creek RR., 7 m. Phila. WiVmington & Baltimore Railroad holds $2,497,100 of the $2,499,286
stock, and road is a part of Pennsylvania system. Fiscal year ends
Oot. 31. For 1898-99, gross earnings, $854,874; net, $118,387; int. on
deposits, etc, $22,2a7; def. undercharges, $27,496.
6c Chester Valley RR.— Road from Bridgeport
Downington, Pa., 22 miles. Chartered in 1888. Capital stock (par
preferred, $205,100; total, $755,100, of
$50) is, common, $550,000
which Reading Company owns $454,450 common and $205,100 preferred, of which $450,000 common and $205,1 00 preferred are deposited under its general mortgage of 1897. Current liabilities June 30,
Philadelphia
to
;
1899, $97,206.
The Reading " Company" guarantees by endorsement principal and
interest of the bonds, with interest reduced. See V. 63, p. 1064.
Philadelphia 6c Erie
(See Map Pennsylvania RR.)
Road— Owns Sunbury to Erie, Pa., 287 miles—double track. 76 miles.
Organization, Lease, «fec— Formerly Sunbury & Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net receipts paid ae
rental. Pennsylvania RR. owned Dec. 31, 1899, $3,499,800 common
and $2,400,000 speoial stock and $3,944,000 general mortgage bonds,
and city of Philadelphia (sinking fund) $2,250,000 common stock.
Dividends.— On oommon in 1892, 2 p. c; 1894. 2 p. 0. On preferred
"special," 1888-93, 7 p. 0. yearly; 1894 to '97, 1897, 2 p.c; 1898, 4 p. 0.
Earnings.— 2 mos., )1900
Gross, $718,818; net, $172,070>
Jan. 1 to Feb. 28. $1899
Gross, 523,402; net,
37,257
Annual Report.—Report for 1899 was given in V. 70, p. 427.
Year end. Dec. 31—
1899.
1898.
1897.
1896.
—
RR.—
Gross earnings
Total net Income
Interest on debt
$5,348,029 $4,574,443 $4,601,257 $4,512,511
1,664,234 1,317,919 1,235,187 1,231,996
1,019,150 1,019,150 1,047,470 1,047,470
Interest on special stook.
96,000
96,000
48,000
Interest on equipm't, &o.
447,864
200,454
125,564
176,962
Balance
— (V.
sr.$101,220 sur.$2,315 sr.$14,153 sur.$7,564
468; V. 68, p. 425; V. 70, p. 427, 532.>
6c Frankford
Owns from Crescentville to
65, p. 572; V. 66, p. 385,
Philadelphia
.
'1
(;
5,75)3,000
!
Olev. Oin. Chic. <& St. Louis.)—
Dad., 202 miles, and has a Hen
of $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage, Pekin to Peoria, 9; total operated, 352 miles.
INTEREST OR DIVIDENDS.
When Where Payable, and
Rate.
$1,495,000
1,499,000
50,000
14,145,500
10,162,200
19,000
I
Peoria 6c Eastern Ry.— (See Map
Owns from Pekin, 111., to Indianapolis,
.
Amount
Par
Road. Bonds Value. Outstanding
feoria
.
Size, or
of
17
1
RR.—
Frankford, Pa., 2-6 miles.
The $500,000
stook, $498,950
is
owned
by Reading Company and deposited under its mortgage of 1896. In
1898 interest on bonds reduced from 5 to 4 per cent, principal and interest being guaranteed by Reading Co. V. 67, p. 1358, 1357.
Philadelphia Germantown 6c Chestnut Hill RR.— In Philadelphia from Germantown June, on Connecting Railway, to Chestnut
7 miles; branches, 7 miles. From May 1, 1883, leasod for 30 years
the Pennsylvania Railroad Co., whioh guarantees principal and interest on bonds, and Jan. 1, 1899, owned $1,262,750 01 $1,263,000 outstanding stook and all the $263,000 outstanding consol. mort. bonds.
Authorized stock $2,000,000 (par, $50). Of the consol. mortgage for
$2,000,000, $1,000,000 reserved to retire firsts of 1883. (V. 59, p. S80.>
Hill,
to
Philadelphia
Germantown
6c
Norrlatown
RR.— Phila.,
Norristown and Germantown, Pa., 20^ miles; second track,
20 miles; total track, 99 m.; Plymouth RR., 9 miles. Leased November
10, 1870, to Philadelphia &. Reading Railroad for 999 years at a rental
of $269,623 and $8,000 yearly for organization expenses. Dividends
are 3 per oent quarterly (1 2 per annum), but in Maroh and September,
1893, only 2>a p. 0. each was paid on aooount of certain losses. Lease
assumed in 1896 by Phila. «& Reading Railway.
Pa., to
Philadelphia Harrisburg
6c
Pittsburg
RR.— Owns
from
Harrisourg, Pa., to Shippensburg, on the Western Maryland Railroad.
47 miles; sidings and laterals 12 miles. Leased October 15, 1890
for 999 years at 5 p. o. on stock, interest on bonds, taxes and
expenses to the Philadelphia & Reading RR., which by endorsement
on each guaranteed the bonds, principal and interest. Lease assumed
in 1896 by Philadelphia & Reading Railway. Stook, $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 Company are deposited under
its general mortgage of 1897.
Mortgage is for $2,000,000.
Newtown
New
RR.—
Philadelphia
Road— PhilaYork
A:
delphia to Newtown, Pa., 21 miles; branch 1 mile. Capital 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 Ootober, 1898, interest on $507,000 bonds was reduced to 3 per
oent, from April 1, 1897, and made a first charge, that on remainder
of Issue being left at 5 per cent subject to said agreement.— V. 68, p.
773. Current liabilities June 30. 1S99. (272,353.
118
INVESTORS'
SUPPLEMENT.
fVoL.
LXX.
April,
RAILKOAD STOCKS AND BONDS.
19C0.
119
snhxcrihirH will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
RAILROADS.
pal, When
Miles Date Size, or
of
of
Par Outstanding. Rato P er Wnen Where Payable, and by
For explanation of column headings, &c, see notes
Payable
Road. Bonds Value. Outstanding, Cent
Whom.
on first page of tables.
Due.
Stocks— Last
Dividend.
>
Philadelphia & Reading By.— See READING
PMla. it Trenton—Stock 10 p. c. rental, PenD RR.
OM P A
—
Philadelphia Wilmington <t Baltimore Stock
Plain bends, s. fund $20,000 yearly, not drawn..
r
Plain bonds
r
Plain bonds
r
Plain bonds, gold
r
Plain bonds, gold
Piedmont <& Cumberland Stook, 5 per cent rental.
o*
1st mortgage, gold, interest rental
Pine Creek— 1st M., guar. prin. and interest (end.)r
Pittsburg Bessemer dt L. E.— Com., $10,000,000.
Pref. stock, 6 per cent cum., $2,000,000
o*
Pittsb. Shen. & Lake Erie, 1st mort., gold
Consol. 1st mortgage, for $4,800,000, gold..c*
Pittsb. B. & L. E., consol. M., $10,000,000, g..c*
Debentures, gold, $2,000,000. See text.UPi. ..
Bessemer eq. trust, $75,000, g., ea. July 1.UP1.
Conneaut equip, trust, part due yearly, g...FPi
Pittsburg Char tiers dt Yough'y— Stock, $1,000,000..
—
NY.
27
....
'.'.'.'.
|
....
....
....
....
"29
75
1880
1887
1887
1891
1892
See text.
$100
50 $11,819,350 7
1,000
1,000
1,000
1,000
1,000
50
I
1886
1885
1,000
1,000
50
. .
134
151
193
193
....
....
16
(end.) See text.
Pittsburg Cincinnati Chicago dt St. Louis Pref. st'k 1.090
IstM.
(Colum.
to
Did.
br.).c*
208
fCol.&Ind. Cent.
208
Indianapolis Central 2d mortgage
o*
i Col.
—
&
&
& Logansp'tlstM.(U'nCity toLogans.)c*
& Pitts, cons. M. ($22,000,000) g.. .e&r
drawn atllO).c
Jeff'nville, Mad. & In. 1st M. (s.
2d mort., Jefferson v., Ky., to Indianap. & br'h.c
< Bteub. & Ind., 1st mortgage, extended in 1884.r
Union
Ohio. St. L.
f.
I
Pitts. C.
&St.
L.. 1st consol.
:
16
mortgage
Gen. M. $1,000,000, gold, gu.p.&i.
1st
I
\
mortgage
c&r
93
580
222
222
116
216
1890
1893
1897
1899
1897
1898
1882
1892
i
|
1864
1864
1865
1883
1866
1870
1864
1868
i",bb"6
1,000
1.000
1,000
1,000
1,000
1,000,000
1,000,000
1,000,000
930,000
1,000,000
650,000
650,000
3,500,000
10,000,000
2,000 000
3,000,000
800,000
6,200,000
1,500,000
10
1899
Q.—J. Phila.,Company'sOH1ce
I
&
5
4
A. &
4
M. &
4 g- J. &
4g. A.
See text. F. &
F. &
J. &
J. &
5g. A. &
5 g. J. &
5 g.
8* J. &&
M. &
6
4Jan.'00
6
F.' &
4g. A. &
in
J.
J.
<fe
<fe
.1.
<fe
.r.
525,000
500,000
50
700,000
500 &c.
308,000
316,000
1,000
100 22,686,560 3inl&99 M.
7
J.
1,000
2,631,000
M.
7
76 ,000
1,000
A.
7
1,000
715,000
1,506,000
1,000
8 A.
A.
I
1,000 al,416,000
J.
1,995,000
7
1,000
<fe
<te
5
J.
&
&
&
&
&
7
F.
<fe
<fe
"
1,000
1,000
3,000,000
3,719,000
Phila.,
J.
Broad
Apr.,'0O,
Jan.
D. Phil.Of.;Bost.,Kid.Peab!
do
O.
N. Phila.,
do
Broad
O.
St. Stat'n
do
do
do
do
J.
2^%
4%
2, '00,
June 1, 1910
Apr. 1, 1917
Nov. 1, 1922
St. Stat'n.
Jan.
Oct.
I
1,
1,
1926
1932
A. Check from Co.'s office. Feb. 1, '00, 2**
A. Baltim.,Hambleton<fcCoj Aug. 1, 1911
D. N. Y. Gd. Cent. Station.! Deo. 1, 1932
Check from Co.'s office. Deo. 1,'99, 3%
O. N. Y. Central Trust Co. Oct. 1, 1940
D.
do
J.
J.
N. Y., U.
S.
do
Trust Co.
July
D. Un. Trust Co., Pittsb'g.
J. Un. Trust Co., Pittsb'K.
8. Fid. Tit. &Tr., Pittsb'g.
Pittsburg, Office.
do
do
A.
O.
do
do
N.Y., Farmers' L'n&Tr.
J. N. Y., Union Trust Co.
N.
do
do
s.
do
do
O.
do
do
O.
o. N. Y.,Farmers' L'n
l
& Tr.
I
do
J.
J.
N. Y.,
A, Phila.,
1943
1947
June
1919
J'ly 1,1900-06
1900 to 1908
Feb.15,'00,4%
Feb. 1, 1902
Apr. 1. 1932
Feb.14,'00,2%
Nov., 1904
Nov., 1904
Dec., 1905
Oct. 1, 1932
Oct,
1906
July l, 1910
Jan. 1, 1914
Aug 1, 1900
Jan.
do
Nat'l City Bank.
I
Broad St.Station
1,
1,
1,
i
a Sinking fund Dec.
Philadelphia
31, 1899, held $1,5?7.000 a ddltional. an
d $229, 000 drawn
Reading UK.— See Reading Company.
& New Eng.— See Central New England Ry.
& Trenton RR.— Phila. (Kensington), Pa.,
Sc
Phila. Reading
Philadelphia
to
Morrisville, Pa., 23 miles, mostly four-tracked, and branch 3 miles. On
Dec. 1, 1871, leased, with the United Cos. of N. J., for 999 years to the
Penn. RR. at 10 p. o. on $494,100 stock, the total issue being $1,259,100. the balance being owned by the United RR. of N. J.
Philadelphia Wilmington
&
Baltimore WtTt.—fSee Hap
Penn. RR.)— Operates from Philadelphia to Washington, D. O., and from
Wilmington, Del., to Delmar, Del., with branches as follows
Miles. Delaware RR.fl
Lines owned—
224
Philadelphia to Baltimore
95 Delaware Md. & Va. IT
98
Baltimore & Potomao H
(all double track.
93
Branches to Delaware City, etc 23 Other lines (5)
56
Lines controlled, leased, etc.
Total (If see this company)... 669
Philadelphia & Bait. CentralU 80
Organization.— Penn. RR. owns $10,890,950 stock (mostly purchased in 1881), and oontrols the operation. The P. W. & B. owns
stock in the Cambridge & Seaford, Columbia & Port Deposit, Junction
RR., Queen Anne's <fe Kent, South Chester <fe Un. RR. of Baltimore, etc.
In Feb., 1899, leased Junction RR. of Phila. for 99 years. V. 68, p. 428.
Dividends. $ 1868-87 '88 '89 *90 '91 '92 '93 '94 '95 '96 to '99. 1900.
Percent, i 8 yearly.
7^ 7 6^
7
Jan.,
In 1899, Jan., 4 p. c; July, 3 p. c; in 1900, Jan., 4 p. c.
Bonds.— All to be secured by any future mortgage; see page 4, Sep.
of April. 1895.
Mortgages and ground rents 1898, $164,002. The
$800,000 six per cent bonds, due Apr. 1, 1900, were retired from the
proceeds of tho sinking fund. V. 70, p. 687.
Earnings—3 mos., > 1899-0
GroFS, $3,539,018; net, $1,017,195
Dec. 1 to Feb. 28. s 1898-9. ... Gross, 3,021,218; net,
742,795
Annual Report.— Year ends Oct. 31. Prel. report for 1398-99 was
In V. 70, p. 74, showing: Gross, $10,392,807; net, $3,153,650;
other income, $460,877; interest, taxes, rentals, etc., $2,053,719; dividends, $827,354 extraordinary expenditure fund, $500,000; bal., Burplus for year, $233,424. In 1897-98, gross, $9,601,563 net, $2,480,671 other income, $431,128.— V. 70, p. 74, 687.)
Piedmont &. Cumberland Ry.— Road from W.V. C. Junction, W.
Va., to Cumberland, Md., 29 miles. Formerly teased to the West Virginia Cent. & Pittsb. Ry. till Aug. 1, 1911, for 37 per cent of gross
earns., but under new lease of 1899 the West Va. Cent. & Pitts. Ry.
will receive all revenues and pay all expenses, 5 per cent interest on
bonds and 5 p. o. on stock. V. 69, p. 590, 592. Perm. RR. Co. on Dec.
31, 1898, owned $200,000 of the $650,000 stock— par $50— and also
$100,000 bonds. First div., 5 p. c, paid in Maich, 1894; in 1895,
March, 6 p. c; in 1896, Feb., 6 p. c; in 1897, Mar., 5 p. c; in 1898,4
p. c; in 899, April, 2 p. c; Sept., 2 p. o. Dividends under new lease
of 1899 will be 5 per cent yearly. V. 69, p. 492.
Pine Creek Ry.— Owns Stokesdale Junotion, on the Fall Brook
Road, to Newberry Junction, Pa., 75 miles. Organization.—N. Y.
Central controls the capital stock and leases the road for 999 years,
from May 1, 1899, for $35,000 yearly, payable quarterly, Q.-F., bond
lnterestand taxes.— V. 68, p. 379,573,773, 872. The 1st mortgage is
guaranteed by the Reading and the New York Central, jointly and
severally. See form of guaranty, V. 56, p. 650. Stock, $1,000,000
(par, $50); Julyl, 1899, N.Y. Central owned $999,000.— V. 68, p. 573.
\
—
.
77667
—
;
;
;
1
& Lake
RR.—
Pittsburg Bessemer
Erie
(See Map.)— Owns
line completed in August, 1897, from Bessemer, near Pittsburg,
Pa., to Conneaut Harbor on Lake Erie, and Wallace Junction, Pa., 162
miles; terminal in Erie, etc., Pa., 2 miles; branches, 27 miles; leases
Meadvilla Conneaut Lake & Lines villeRR., Linesville to Meadville, 23
miles; trackage, N. Y. Chic
St. L., to Erie, 13 miles; total, 227 miles.
&
Organization, Etc.— A consolidation Jan. 14, 1897, of the Pittsburg
Shenango & Lake Erie and the Butler & Pittsburg. Carries iron ore
south and coal north, its contraots with the Carnegie Steel Works and
others, it is said, insuring it a tonnage of 4,000,000 tons annually.
Rails 100 pounds, maximum grades 30 feet. See further particulars
V. 63, p. 1159; V. 65, p. 152. More than one-half of the stock is owned
by the new Carnegie Steel Co. organized in 1900.— V. 70, p. 687.
Controls boat line for coal transfer, etc., between Conneaut and
Port Dover, Can., 68 miles, and Conneaut & Port S anley, Can., 58
miles.
See V. 60,
p.
872, V. 61, p. 241, 795.
Stock.— Common stock is $10,000,000; par $50. As to pref., see below.
Dividends.— On pref., 3 p. o. paid Dec. 1, 1899. V. 69, p. 1104.
Bonds.—The old iirst mortgage of $3,000,000 covers the line from
Butler to Wallace Juuction, 106 miles, and branches 28 miles. Debentures of 1x99 may be called after June 1, 1909, upon company paying
per cent for each year of unexpired term.
& L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y.), oovering all the railroad, property, rights and
frauohises of the consolidated company, including the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the new
bonds $4,800,000 reserved to retire Pittsburg Shenango & Lake Erie
bonds. Car trusts 8ept. 30, 1898, $1,243,674.
General Finances.—May 5, 1899, authorized an issue of $2,000,000
6 p. o. oum. preferred stock and $2,000,000 5 p. o. debentures, of which
$1,500,000, together with the stock, were sold.— V.68,p. 525. 928. 1133.
*«
The
P. B.
f
or sinkin e
fund, but not presented for
r
exemption.
Earnings.—Jan. 1 to April 14, 1900, 3>* months, gross, $375,770,
agst. $240,161. Jan. 1 to Dec. 31, 1899 (12 mos.), gross. $1,807,917;
in 1898. $1,311,861; in '97,$643,993. Year to June 30, 1899. gross,
$1,437552; net, $401,891; other income, $2,261; total deductions,
$761,284;bal.,def, $357,132. Chairman of the Board. Col. 8. B. Dick,
Meadville, Pa. (V. 69, p. 1104; V. 70, p. 687.)
& Youghloglicny Ry.—Owns from Char-
Pittsburg Chartiers
tiers to
Beechmont, 16 m.
;
trackage (Chartiers Ry.),
1
m.
;
17 miles In
Stock authorized, $1,000,000 par, $50; outstanding, $700,000,
owned lointly by guarantors mentioned below. Dividends— In 1895,
all.
;
4 p. c; in 1896. 11 p. c; in
p. c; in 1900, Feb., 4 p. c.
1897, none; in 1898, 7 p. c; in 1899, Feb., 1
Of the 4s issued, or to be issued, one-half
are to be endorsed with the guaranty of the Pitts. Cin. Chicago & St.
Louis, the other half with the guaranty of the Pittsburg & Lake Erie.
See guaranty, V. 56, p. 650. In year ending Deo. 31, 1899, gross,
$187,928; net, $92,803. In 1898 gross, $181,868 net $86,953.
Pittsburg Cincinnati Chicago A: St. Louis Ry.— (See Map.)
The system, clearly seen on adjoining map, includes
Lines owned.
Miles
Li esleanfU Con.
Miles.
Pittsburg.Pa., to Chicago.Ul. 504 Cincinnati Street Con. Ry...
3
;
—
to Anoka Jo
Bradford Jo. to Indianapolis.
Rendcomb Jo.
166
104
Indianapolis to Jeffersonvllle 108
Branches
208
Total
. . .
owned
Trackage
1,090
—
—
:
Wheeling <fe Ky
Eng. Connecting Ry. in Chic
Other lines
Operated under their oxen
Pitts.
28
2
5
—
organization
Pittsburg Chartiers <fc Yough-
iogheny
Ry
18
Indianapolis to Kokomo
55 Cimin. & Musk. Val. RR
149
Louisville Bridge, etc
5 Waynesburg & Wash. RR
28
Lines leas'd{H&ee these co's.) Miles.
23
II Chartiers
ULittle Miami
192
Total of all Jan. 1, 1900... 1,596
In Mar., 1900, extension of New Cumberland branch from Kenil
worth to Chester, W. Va., was uoder construction.— V. 70, p. 638
Organization,
Formed in 1890 by consolidation (per terms in V.
50, p. 875) of Chicago St. Louis & Pittsburg, JeffersonVille Madison <&
Indianapolis, Cincinnati & Richmond and Pittsburg Cin. <fe St. L. Controlled by Pennsylvania Co. and Pa. RR. Co. through ownership of stook.
Capital Stock.—The stock authorized is: Common, $45,000,000;
preferred, $30,000,000; par, $100. Outstanding Dec. 31, 1899. common,
$24,603,927; preferred, $22,686,560. 8tock listed to Apr. 16, 1900,
common, $24,387,100; preferred, $22,649,200. Suit V. 68, p. 381; V.
69, p. 1248; V. 70, p. 126.
The preferred stock is " non-cumulative and entitled to a dividend
of 4 per cent per annum out of the net earnings as declared by the
Board, with the right after 3 per cent has been declared on the
common to an additional 1 per cent, making 5 per cent in all."
After 5 per cent on both common and preferred, the two share pro rata.
Dividends.— ) 1891. 1892-93. '94. '95. '96. '97-'98. '9v». 1900.
On pref. p.
3
4 yearly. 2
2
3
Feb 2
$
Stock of Old Companies unexchanged Dec. 31, 1899: Pittsb. Cin<fe
St. L. common, $29,100, Chic. St. Louis <fc Pittsb., common, $450,217, and preferred, $8,553; Steubenvillo & Indiana, common, $85,445,
and preferred, $5,000; Jeff. M. & I. $5,000.
Bonds.—The consolidated mortgage for $75,000,000 (Farmers' Loan
& Trust Co. of N.Y. and W. N. Jackson, trustees,) covers the entire property. Sufficient consols are reserved for the purpose of retiring all seotional bonds at maturity, at which time they must be paid off. The
remainder are issuable for improvements, additions etc. They are
guaranteed unconditionally as to principal and interest by the Pennsylvania Company, in accordance with the vote of its Board of Directors, and are so endorsed. The five series are all equallv secured. 8ee
adv. Chronicle May 21, 1892, and guaranty, V. 56, p. 604.
General Finances.— In 1899 arranged for the issue and sale of
consol. 3»$s to refund maturing bonds, including $6,863,000 Pitts.
Cin. &St. Louis 1st consol. 7s, due Aug. 1, If 00.
When the refunding
is complete, the amount of outstanding 3^9 will be $9,578,000.— V.
&c—
c—
,
430
Latest Earnings.— For 2 months ending Feb. 28
2 months—
Gross.
.Vet.
Charges.
70, p.
Balance.
$820,610
$573,731
$3,170,882
$246,876
2,660,301
697,750
530,862
166,388
Annual Report.— Report for 1899 in full in V. 70, p. 630, 637.
Tear ending Dec. 31.
1898.
1899.
1897.
Miles operated (system proper)
1,151
1.151
1,151
Grossearnings
$13,104,426 $16,236,979 $15,144,484
$4,641.0v>
Netearnvngb
$5,043,190
$4,859,589
-'5.171
Miscellaneous
77,996
46,702
$4,69P,7ltl
Total net earnings
$5,121,186
$4,884,760
Interest on bonds
2,487,520
2,417,666
2,503,252
Rentals|paid
133,132
119,854
119,811
Car trusts (including interest)
88,582
32, 316
34,052
6
St. L. V. & T. H. 7 of loss
13,451
117,271
*->71.144
Miscellaneous
*770,725
*770.725
'793,404
Dividends on preferred
(3»s c)79H.99S (11*%) 340243
j;>.763
Balance, surplus
$1,316,969
(917,083
* Includes expenses in elevating tracks at Chicago, eto.
-V.69. p.646, 795, 1248; V. 70, p. 126, 176, 430, 630, 637.
1900
1899
.
120
LN7ESTORS'
SUPPLEMENT
[Vol.
LXX.
KAILROAD STOCKS AND BOND8.
Apeil, 1900.]
RAILROADS.
Date
Miles
Size, or
Amount
column headings, Ac, see notes
Bold. Bo°nde Value. Outstanding
on first page of tables.
'or explanation of
Pittsburg Oin. Okie.
<£ St.
L.—(Oon.j—
(" A,"g.C
Con. M., $75,000,000, gold, guar.
(end.)
p.<fcl. <
by Pennsylvania Company...
I
" C," g.c* 1,090
" L>,"g.c*
(" E."g.c*
Pittsb. nieve. <t Toledo— 1st M., gold, int. guar. B.AO
Pxttsb.Ft. Waynedt O.— Gen. etk., 7 p. o. guar. Pa. RR.
Guaranteed special imp. stock, 7 p. c. guar, by end
1st mortgage, series A to
F)
Sink, fund, cumula-
do
2d
seriesGtoMf
3d mortgage
drawn. c*
not
tive,
>
Pittsburg Jmiction—8toc'k, common
Preferred ($480,000), 7 per cent, cumulative
0*
1st mortgage, $1,440,000 gold
2d mortgage, for $500,000, gold
o*
Pitts. June. Terminal 1st M., gold, guar,, p. & i...
Equipment lease warrants, July 1, 1899
Pittsburg <& Lake Erie Stock
1st mortgage, gold
c
2d mortgage, gold, Series A. & B
c
Pittsburg McK. <t lowcr/i.— Stockguar., see text...
1st mortgage, guar, by P. & L. E. and L. S. & M. S.c
2d M., gu. p.&i. (end.) by P. & L. E. and L. S. & M. S.c
McKeesport & Belle Vernon, 1st M., gold, assumed
Pitts. Ohio Val. <& Oin.
1st M. gold, s. f. not drn.c*
Pittsb. Pamesville dk Fair-port—-1st M. gold, int. gu c*
Terminal mort., interest guar, by Pittsb. & West.
Pittsb. Shawmut c6 No.— 1st M.. g., $12,000,000. .c*
Pittsburg Shenango <& L. E.— See Pittsburg Besse
Pittsburg Virginia d£ Charleston— Stock ($6,000,000)
Cons. M., gy s. f., not dr'n, series A,
c"
Pittsburg <e Western— Rec'rs ctfs. July 1, 1899
m.,
ext.
in
let
gold, Pittsburg Newcastle & L. E..
77
470
470
468
468
468
—
71
71
57
57
28
—
15
63
.
,
MEE A LAKK
77
77
GP
30
!
1,000
1878 100 Ac.
77 miles. Stock, $3,000,000 (par$50), of which Bait.
Ohio RR. owns $1,505,000. Leased in July, 1884, for 99 years to
Pittsburg A Western. V. 39, p. 607. Description of mortgage, etc.
p. 7 Supplement of April, 1896.) First consol. mortgage 4^8 of 1895
for $1,600,000 in treasury June 30, 1899; bills payable outstanding,
$000,400; judgments due B. A O. and P. & W., $180,735; due others,
$11,407. In November, 1898, loaned $500,000 to Pitts.A West— (V.
67, p. 1111.) In Mar., 1900, the B. & O. agreed to purchase, on or
before Feb. 1, 1903, the #2,400,000 P. C. & T. 1st 7s (or not less than
70 per cent thereof at 125 per cent and interest with the option by
the bondholders to exchange for new securities under any plan
approved by B. & O. prior to that date.— V. 70, p. 632.
Earnings.—Year 1898-99, gross, $1,039,848 net, $313, 457; interest,
taxes, etc., $390,-44; balance, deficit, $76,887. In 1897-98, gross,
1,048,302; net, $337,615: in 1899, Jan. 1 to Apr. 14, gross (3>a months),
&
p
;
A
Eastern
(V. 69, p. 591, 1248; V. 70, p. 633.)
RR.— In
October, 1897, complete! and
opened from Mehatfey, Pa., on Beech Creek RR., to Fuller Run, 11
miles. The road is projected to enter Pittsburg over the Pittsburg
McKeesport & Youghiogheny RR. In Dec, 1899, acquired by N. Y.
Cent. & Hud. Riv. RR. (V. 61, p. 153; V. 70, p. 633.)
Pittsburg Fort Wayne Sc Chicago Ry.— (See Map Penn. RR.)—
Road.— Owns from Pittsburg, Pa., to Chicago, 111., and br., 470 miles.
Double track, 271 miles, of which part was built in 1893.
Lease, Ac— Foreclosed Oct. 24, 1861, and reorganized. From July
1869, leased in perpetuity to the Penn. RR.; rental pays infund of debt and 7 per cent on stock. The lessee keeps
road in repair and pays taxes and expenses.
Capital Stock.— The special improvement stock Is issued to Pennsylvania RR. for improvements, Ac, under article 16 of lease, which
?rovides that the lessor may issue special bonds or stock. See V. 50, p.
39, and wording of endorsement in V. 56, p. 774. The special stock
is in all respects subject to the general or prior stock and "to the
rights of holders of said general or prior stock to have distributed to
them in quarterly instalments an annual dividend fund of $1,380,000
free of all taxes." Guaranteed special stock is issued from time to
time for betterments; in 1897, $283,691; in 1898, $335,300; in 1899,
$824,907.
1,
terest, sinking
Bonds.—The first mortgage is in series of $875,000 each and second
mortgage of $860,000. Of the above 1st mortgage bonds, $3,499,582
and of the second mortgage $3,815,482, and $2,780,858 cash, were held
In the sinking funds Jan. 1, 1899.
Report.— Report for 1898 in V. 69, p. 127, showing loss to lessee,
$409,584 ; loss in '97, $229,911 ; loss in '96, $587,097.—V. 69, p. 1346.
RR.—
Pittsburg .function
See V. 67, p. 688, 788, 954, 1056. In
Jan., 1900, the new securities under the B. A O. plan were being delivered. V. 70, p. 77. B. A O. is in control— see V. 69, p. 1063.
Report for 1898-99 was in V. 69, p. 1192 —(V. 70, p. 77.
Pittsburg Sc Lake Erie
Owns from Pittsburg, Pa., to
Youngscown, O., 68 miles; branch lines to Newcastle, Pa., 3 miles; total
owned, 71 miles (of which 67 double traok); leases Pitts. McKeesport A
Yough. (which see), 103 miles: Mahoning State Line RR., 3 miles, and
Beaver A Ellwood RR., 3 miles total operated, 180 miles. Owns
$139,850 stock of Pitts. Chartiers A Yough. P. A L. E. is operated in
Interest of L. 8. A Mich. So., which owns $2,675,696 of stock. Real
estate mort. Dec. 31, 1899, $162,500.
Dividends.— (1884-1891.
1892.
1893 to 1899.
1900
Per cent. \ 6 y'rly.
8
10 yearly.
Feb., 5
Annual Report.— For year ending Dec. 31, 1899, gross, $5,875,271;
net, $1,585,142; other income, $17,782; interest, $220,000; rental,
$472,072; other, $9,504; dividend (10 p. c), $400,000; bal., surplus,
$501,248. In 1898, gross, $5,071,376.— (V. 66, p. 808.)
RR.—
;
Pittsburg IWcKeesport
Sc
Youghiogheny RR.— Owns
from
r,o N. Haven. Pa., 57 m.; MoKeesport to Fayette City. Pa., 31 m.;
branches, 13 m.; leases 2 m.; total, 103 m., of which 31 m. double traok.
Ubase.— Leased to Pittsburg A Lake Erie RR. for 999 years. Rental
is 6 per cent on the stock, prinoipal and interest of the Pittsburg MoK.
A Yough. bonds being guaranteed by Pittsburg A Lake Erie and Lake
Shore A Miohigan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The guaranty of the stook is on the
express condition that the holder shall aocept par for the same on July
1, 1934. See wording of guaranty in V. 56, p. 774. Stock authorized,
$4,000,000 first mtsre. bonds authorized, $2,250,000 2d intge. bonds
authorized, $1,750,000.
Profit to lessee in 1899, $1,257. of whioh
one-half was payable to the Lake Shore A Miohigan Southern.
Pitts.
;
;
RR.—
Pittsburg Ohio Valley Sc Cincinnati
Owns road Bell
aire, O., to Powhatan, O., 15 miles. Operated for cost by Pennsylvania
Company in connection with Cleveland Pittsburg since
1, 1892.
A
Dec
Stock, authorized, $1,500,000; outstanding, $300,000; par, $50. Trustee of mortgage (for $1,500,000), Fidelity Ins., etc, Co. of Phila. Year
ending Deo. 31, 1899, gross, $i,930; def. under oper. exp., $14,297.
Pittsburg Palnesvllle
RR.— Owns
Sc Fairport
miles. Operated at cost
A
A
M. A
M. A
F. &
A. A
A.
A.
Fairport, O.
to Youngstown, etc, O., 53
bv Pittsburg A West
em, but interest on bonds is guaranteed. In July, 1899, a protective
oommittee, C. J. Lawrence, Chairman, asked deposit or bouds with
Mercantile Trust Co. A large majority has been deposited. V. 69, p.
230, 542. Common stock, $800,000; preferred, $250,000 (par, $100) of
O. N. Y., Farmers' L'n
do
0.
do
N.
N.
A.
O.
Q.-J.
Q.-J.
Various
Various
A.
&
O.
A
A
J.
J.
M. & S.
October
J.
J.
ATr. Oct.
do
do
do
do
do
do
N. Y., Cent. Trust Co.
N. Y., Winslow, L. & Co.
do
do
do
do
do
do
do
do
N.Y.,N.City Bk.
do
Nov.
Nov.
1,
1,
1,
1,
Feb.
1,
Apr.
& Pitts.
do
Oct. 1.
Apr., '00,
Apr., '00,
194 0^
194a
1942
1945
104 <>
1922
1%%
lV/o
1912
1912
1912
Sept. 1,'99,2%
July
July
July
1,
1,
1,
Sept., '99, 7%,
July
July
1,
1,
192*
1922
A. A O.
Pittsburg.
Oct. 1, 1907
Quar'ly.
Or. toApr.,'08
F. A A. Pittsburg, Co.'s Office. Feb. l.'OO, 5%.
do
J. & J.
do
Jan. 1, 1928
A. A O. N. Y., Security A Tr. Co. Jan. 1, 1928
J. A J. N. Y., Union Trust Co. Jan., 1900, 3%
J.
J.
J.
A.
J.
J.
F.
3,770,900 6 in 1899 M.
41$ g. A.
3,431,000
5 A6
1,412,800
219,000
4g. J.
50
....
1895
Pa., to Akron, O.,
Pittsburg
-
Erie.
Pittsbu rg Cleveland & Toledo RR,- From Newcastle Junction,
$314,818; in 1899, $251,761.
Bond*—JrTmclINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Labi
Cent.
Payable
Whom.
Dividend.
1890 $1,000 $10,000,000
4k- g.
4»2g.
1892 1,000
8,7*6,000
4*2 g.
1892 1,000
1,379,000
1895 1,000
4,983,000
4 g.
3»4g.
1899 1,000
5,859,000
1882
eg:
1,000
2,400,000
100 19,714,286
7
1871
100 20,231,250
7
1862 500 Ac.
7
5,250,000
1862 500 &c.
7
5,160,000
1862 500 Ac.
7
2,000,000
50
1,460,000 4 in 1899
7
50
480,000
1882
1,000
6 g.
1,440,000
1894
1,000
300,000
5 g.
500,000
5g.
1898
616,000
50
4,000,000 10 in '99
1878
1,000
6 g.
2,000,000
1889
1,000
2,000,000
5 g.
1884
50
6
3.959,650
1882
1,000
6
2,250,000
1884
1,000
900,000
6
1888
1,000
600,000
6 g.
1890
1,000
290,000
5 g.
1886
1,000
1,000,000
5 g.
1889
1,000
250,000
5
1899
1,000
4,000,000
5 g.
|"B,"g.C
21
& J.
A J.
& J.
A 0.
& J.
A J.
A A.
AN
July 1, 1932
July 1, 1934
Pittsb'g, Fidelity Tr.Co. July 1. 1918
Phila., Broad St. Sta
Oct. 1, 1920
N. Y., Mercantile Tr. Co. July 1, 1916
July, 1916
do
do
N. Y., Marquand & Co. Feb. 1, 1949-
do
do
do
do
Philadelphia Office.
&
O.
A
D. Allegheny,Pa.,lstN.Bk.
do
do
Nov. 1, '99,31a
Apr. 1, 1925
June
1,
1918
which in 1892 the Pittsburg A Western purchased all the common and
$160,000 preferred. For year ending June 30, 1899, gross, $402, 12a;
net, $107,098; int., taxes, etc., $145,559: balance, deficit, $38, 161. In
1897-98, gross, $397,219; net, $124,435. In 1900, Jan. 1 to Apr. 14 (3*3
months), gross, $85,140; in 1899, $95,058— V. 69, p. 230, 542.
Pittsburg Shawmut Sc Northern RR.— (See Map.)— Road—
be, when completed, a short route from the bituminous coal fields
in Elk and Jefferson counties, Pa., northerly to Macedon on the N. Y.
Central A Hudson River RR., thus reaching the New England and
To
Lake markets. Total line, including branches, to aggregate 350 miles.
Of the first division, Wayland to Shawmut, Pa.. [228 miles] 145 mile»
were in operation in October, 1899. The remaining 83 miles will be
completed during the coming year. Line includes parts of trackage
on W. N. Y. A Pa., between Clermont and White House, about 25 m.
Organization.—A consolidation in 1899 with proposed extensions
of the Central New York & Western and Buffalo St. Mary's A Southwestern RR., with contiguous lines in Western Pennsylvania and New
York. The road is operated in connection with 9,814 acres of coal
lands in Elk County. Pa., controlled in the same interest, haviDg an
annual capacity of 1,000,000 gross tons. The company also proposesto acquire control of additional coal lands in Jefferson County, Pa.,
having an estimated capacity of 1,000,000 tons.— V. 69, p. 284, 386.
Will carry (in addition to bituminous coal) lumher, bark and other
forest products, there being a large amount of uncut timber tributary
to the road. Several glass factories are located upon the line.
Stock and Bonds.- Stock, all common, authorized, $12,000,000;
issued, $5,570,000; par $100. Of the bonds (Colonial Trust Co., N. Y.,
trustee) subject to call at 110 after 1909, $6,000,000 are authorized to
purchase the properties consolidated, and for extensions and branobes
under construction aggregating 228 miles ($4,000,000 of these having
been issued to December, 1899), and are further secured by a first
mortgage upon the 9,814 acres of coal lands owned by the Miawmui
Mining Co., whose stock is owned by the Railroad Co.. and has been
deposited wiih the trustee under the mortgage. Of the remaining
$6,000,000 bonds $1,000,000 are reserved to extend the line on the
south from the Shawmut coal mines to Cool Spring. Jefferson County,
with branches in the coal fields of Jefferson. Armstrong and Clearfield
counties, and on the north from Wayland to Macedon, with branches,
and the balance $2,000,000 are reserved for future requirements.
No bonds in excess of $6,000,000 are to be issued until "all the stock
of the company or companies controlling the coal lands in Jefferson
County have been deposited under the mortgage.
Earnings.— On the completed portion, 145 miles, the net earnings
from Aug. 1 to Jan. 31, 1900, six months, were $146,085. Interest
charge for the same period on the $4,000,000 bonds issued, $100,000.
Officers.— President, John Byrne: Vice-President, Henry Marquand; Vice-President and General Counsel, Frank S. Smith: Treasurer, Harry M. Gough; Secretarv, Lewis F. Wilson. Office, 160 Broadway.— V. 69, p. 284, 386, 592, 1301.
Pitts. Shenango Sc Lake Erie.— See Pitts. Bessemer & L. Erie.
Pittsburg Virginia Sc Charleston Ry.— From South Pittsburg,
Pa., to Brownsville, Ac, Pa., 77 miles.
Organization. Operated by Pennsylvania RR., which owned Jan. 1,
1900, $3,382,000 stock, and all the consols, and pays net earnings
as rental, the oonsols. being pledged under "coll. trust of 1883."
Dividends.— ) 1892. 1893. 1894. 1895. 1896. 1897. 1898. 1899.
—
I*
j
i»-
ct'iit"
C
S
'?
^>
^
^5
^)
">
Earnings.—Year ending Dec
t)
31, 1898, gross, $1,814,314; net, $767,450; other income, $7,4 64; fixed charges, $451,760; dividends (5 p. c>
(See Map of Salt. <& Ohio.)— Road—
Pittsburg Sc Western
Lines owned in fee
Miles. Elwood Short Line
Allegheny, Pa. , to N Se wickly . 46
N. Sewiokley to Rock Point.
Miles.
Leased and controlled
Rock Point, Pa. to New Castle 1
Toledo 1T
77
Frisco to Crowthers
6 Pitts. Cleve.
13 Pitts. Painesville A Fairport fi. 53
Callery Juno, to Butler
3-ft. gauge lines to Jewett,eto.l34
343
(Double traok
Total (IT see this co.)
23)
Receivership.— On Mr roh 2. 1896, President Thomas M. Ki m: was
appointed receiver. Receiver's certificates (1st series) for $500,000 is
subjeottolienof first mort. 4s for $10,000,000. A. second series of certificates for $400,000 was authorized in July, 1897, and mule a lien
prior to 4s of '89. V. 65, p. 70. The payment of these $400,000 wa»
extended to July 1, 1900, with privilege of paying them off alter Jan.
1, 1900. V. 69, p. 181. In Nov., 1898, permission was obtained to borrow $500,000 from the Pitts. Cleve. A To I. Ry. on 6 per cent certificates, proceeds to be applied for improvements, etc V.67, p. 11 11.
In 1898 purchased Ellwood Short Line. V. 66, p. 1090, 1190. On Feb.
21, 1900. William R. Blair was appointed master to sell after six weeksadvertising. V. '0. p. 382. Plan not expected until Fall.
In July. 1899, L. E. A W. sold its large holdings or the 2d mortgage
5e of 1891 to the B. A O.—V 67. p. 789. 843: V.68. p282: V. *!». p. 132.
1ST 4sof 1887.— In Feb., 1900. the B A- O. had acquired the :.'icater
part of the $10,000,000 first mortgage 4s (mostly originally deposited
with J. P. Morgan A Co.— V. 67, p 1264 V. 69. p. 7vf>> which will be
held while the P. A W. is beiug reorganized and will be eventually retired or exchanged for a B. A O. bond.— V. '.0, p. 2S0.
Preferred Stock Committee.— A. Foster Hig*ins. John Harsen
Rhoades and Charles W.Baker; Knickerbocker Trust Co. oepositary. In Oct., 1899. over 87 per cent had been dep sited Y.o*. p.
1227; V.69,p. 132,852.906,956; V. 70. p. 382.
—
Ry.—
—
.
,
A
;
122
U&VESTOB8
SUPPLEMENT
LVol.
LXX
April, 1900.
RAILKOAD STOCKS AND BONDS.
|
123
Subscriber* will confer a great favor by giving Immediate notice of any error discovered in these Tables.
Bond*— Pnn 01RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size or
- pal, When Due.
Ammmt Rate per When Where Payable, and by
Stocks— Last
For explanation of column headings, &c, see notes
Outstanding
on first page of tables.
Road. Bonds Vafue.
Cent.
Payable
Whom.
Dividend.
—
Pittsburgh Western (Concluded)—
Old Pittsburg & Western 1st mortgage
1st (oonsol.) mortgage for $10,000,000, gold..
.
45
210
.0*
o*
2d mortgage for $3,500,000, gold
Foxburg Bridge Co. 1st M., guaranteed by P. & W.
Ellwood Short Line, 1st M., gold, gu. by P. & W.
Pittsb. Toungsl. <& Ashlab — Com. stock, $2,000,000
....
....
3
125
125
62
125
100
42
42
Preferred stock, $2,000,000
Ashtabula & Pittsb. 1st M., Y'ngst'n to Asht.c*&r
Consol. M. (for $4,000,000) s. f. 1 p.c, not dr.F.<"
Pontiac Oxford <£ Northern—1st M., g., $400,000.0*
& N. T.— 1st
Pt. Jervis Monticello
M., ($225,000) gold
let consol. mortgage, ($75,000) gold
Rochester— See Boston & Maine RR.
Falls.— Stock
Consol., now 1st, mort., $1,000,000, gold. OB. c*
c
Plain bonds, sinking fund, gold, $350,000
Portland Union Station—1st M., ser. "AAB," guar.
Portland
Portland
Rumford
——
100
64
40
1,000
1.000
1,000
1,000
1898
EMENT
28
51
51
15
v
1st M.(rofund'g),cur., $1,500,000. V.63,p.l064.c*
60
134
134
Anne's.— 1st mortgage, $12,000 per mile.
RR.— 1st
mort., gold, red. at par...c*
Guar. Tr. otfs. of dep. for old 1st M. non-pref. 5s.
Quincy RR. Bridge Co.— Stock, 10 per cent rental
K. O.
1896
1.000
1897 500 Ac.
1887-9
20 1891
15 1891
Quakertown & kastem — 1st mort., gold.GuP..c*
<t
(Bro oklyn R
1892
1,000
100
1897
189 7
1895
1897
1,000
500
1,000
1,000
1,000
100
Stock.— Common, $8,500,000; preferred, $5,000,000, 5%non-cum.;
Bait. A Ohio owned June 30, 1898, $6,515,000 com, stock.
Bonds.— For abstract of first mortgage (trustee, Mercantile Trust
Company) see V. 45, p. 439. Second mortgage for $3,500,000 is a first
lien on terminals at Youngstown, O. Of the $3,500,000 seconds given
as outstanding, $1,360,000 unsold June 30, 1898, it is understood are
par, $50.
pledged for loans.
7 Sup't. of April, 1896.
5s due May 1, 1896, was not
paid. First (consol.) 4s, Interest paid regularly, including July 1, 1899.
General Finances.—On June 30, 1899, there were real estate mtges.
$308,375; bills payable, $2,003, 313 current liabilities, $1,122,916.
Contra: Advances to subsidiary roads, $1,119,310; materials, etc., on
hand, $204,619; current assets, $1,159,156. Car trusts June 30, 1899,
$923,531, including interest; receiver's certificates, $472,800 of 6s,
and $610,000 of 5s; also $500,000 additional authorized, of which apparently $330,000 then outstanding.
Earnings.— 7 mos.,
Gross,$2,146,104; net, $635,818
$ 1899-0
Gross, 1,931,087; net, 555,818
July 1 to Jan. 31.
(1898-9
Report.— For 1898-99 (V. 69, p. 1244) including leased lines:
See mortgages,
etc., p.
Coupons.— Interest on 2d mortgage
;
,
lo June
1898 99
1897-98
1896-97
30—
—(V. 69,
Oross.
Net.
$1,075,265
969,415
956,084
$3,309,935
3,221,406
2,768,507
p. 852, 906, 956,
Plttsbnrg
1244; V.
Int. <6 taxes.
Balance.
$1,052,951 sur.$22,312
1,007,562 def. 38,167
1,002,370 def. 46,286
70, p. 280, 382.)
Youngstown & Ashtabula RR.— Owns Kenwood,
Pa., to Ashtabula Harbor, O., 99 miles; Niles to Alliance Junction, O.,
25 miles; Canfield Branch, 1 mile traokage, 3 miles. Total, 128 miles.
Organization.— Leased August 1, 1887, to Pennsylvania Oom?>any, wnioh Jan. 1, 1899, owned $375,000 common and $1,550,000 pre;
erred stock; rental net earnings. Lease terminable at either's option
Dividends. ) 1890. 1891. 1892-95. 1896. 1897. 1898. 1899. 1900.
Common, r>. ct. 5 2*2
3
6 yearly. 6*3
6
6
6 Mar., 3
On preferred, 1888 to Mar., 1900, 7 per cent yearly (M. A S.)
Bonds.—Bonds of 1887 are reserved to retire 6s.
Earnings.— In year 1898, gross, $1,448,136; net, $441,924; int.,
$168,100; other charges, $232.251.-(V. 63, p. 26.)
Plant System.-— (See Map, page 128).— This system, so-called because of the large interest owned in it by the Plant Investment Co., of
which control is held by the estate of the late H. B. Plant, under whose
will the exeoutors and trustees have the power during the trust (see V.
82) to manage and dispose of it at their discretion. RobertG. Erwin
President. It unites Charleston, S. C. with Montgomery, Ala.,
and also with Tampa and other Florida points. The system includes
the following roads, described under their own titles, excepting the
69,
is
p.
now
Brunswick
A
Western included with Savannah Florida
A
Western
Miles.
Mi'es.
Savannah Florida A Westernl,019 Florida Southern
Charleston A Savannah
1 59
Sanf ord A St. Petersburg
Brunswick A Western
171 St. Johns A Lake Eustis
Alabama Midland
235
Silver Springs Ooala
—V. 69, p. 82.
A Gulf.
66
247
152
48
Total
2.097
A.
J.
M.
M.
5 g. F.
in 1 899, M.
in 1899 M.
<;
F.
M.
5
6
J.
g.
4>2g. J.
5g.
J.
A
&
A
A
A
&
&
A
A
&
A
&
N.Y.,J.P.MorganACo.
1900
1917
N. Nov., '95, coup, last pd. May
1941
S. N. Y., Union Trust Co.
Sept.
1902
A.
New York City.
Aug., 1920
8. N. Y..Farm. L. ATr.Co. Men. 24, '00, 3
O.
do
J.
Oct. 15,
do
July
1,
1,
1,
8. N. Y., Far. L. A Tr. Co. Mch.24*00,3Hi
A. Phila., Fidelity Tr. Co. Aug. 1, 1908
N. N. Y., Farm. L. A Tr. Co. Nov. 1, 1927
J. N. Y. Merc'le Trust Co. July 1, 1916
D. N. Y., Cent. Trust Co.
June 1, 1944
D.
do
do
June 1, 1916
:
N. Y., to Montioello, N. Y., 24 miles, and Huguenot to Summitville, 18
miles. Stack authorized, $500,000; outstanding, $409,100; par, $100.
June 30, 1898, loans and bills payable. $18,445; car trusts $6,150.
In year ending June 30, 1899, gross, $50,143; net, *7,570; charges,
$15,583; balance, deficit, $3,013. In March, 1899, sold to a New York
syndicate. In April, 1900, the Kingston & Rondout Valley RR., controlled by the same interests, with $500,000 capital stock, was building a line from Ellenvllle, N. Y., to Kingston, 28 miles. Pres., A. E.
Godeffroy, 45 Broadway, New York.— V. 67, p. 275.
Portland A: Rochester R H .—Consolidated with Boston A MainePortland dc It u in ford Falls Ry.— Owns Rumford Jet. to Rumford Falls, 54 miles branch to Otis Falls, 10 miles; trackage (Main*
Central) Rumford to Lewlston, 4 miles; total operated 68 miles. Owns
controlling interest in stock of Rumford Falls A Rangely Lakes RR.,
embracing 31 miles of track.—V. 69 p. 954.
Stock.— Dividends— In 1896, 5 p. o.; in 1897, 4 p. o.; in 1898, 4 p. c;
In 1899, 6 p. c, including 2 p. o. extra in June; in 1900, Maroh, 1 p. o.
;
Annual Report. —Report for 1898-9 was
Tear—
Oross.
$334,741
299,045
p.
Net.
$150,475
123,978
in V. 69, p. 954.
Int., tax., etc.
$61,576
66,282
Dividends.
Bal., sur.
$60,000
40,000
$28,899
17,696
(6)
(4*
236, 567, 685; V. 67, p. 951; V. 69, p. 954.)
Portland Saco & Portsmouth.— Consol. with Boston A Maine.
Portland Union • tation.— Bonds guaranteed jointly by Boston
A Maine and Maine Central.
Port Heading RR.— Owns 20 m. of road, oompleted in Sept.
from Bound Brook, N.
Q.-M.
6 in '99
1,000,000
1,000,000
350,000
M.
300,000
1,500,000
1,100,000
400,000
apid Transit
4
4
g.
A
A
5
g.
£
5
g.
&
6g.
•)
750,000
3,500,000
1,500,000
180,000
720.00D
250,000
1,446,000
1,750,000
&
5
J.
g-
A
Prov. Union Tr. Co. Bk. July 1. 1922
Mch.31,'00.2i3
Providence, Office.
J.
,
Q.-M.
10
4
i
Portland, Me.
Mch. 15, '00, 1
N. Boston, Old Colony Tr. Nov. 2, 1926
Aug. 1, 1927
A. Boston and Portland.
J. Portl'd, Me. A Boston. Je.'27,Jan.'29
Philadelphia.
Jan. 1, 1941
J.
J. Baltimore, Hillen St'n. Jan. 1, 1941
O. N. Y., Co.'s of., 27 Wm. Oct. 1, 1918
A.
g
J.
-
J.
A
A
A
A
O., Prov., R.I.
J.I
D.i
Hosp. Tr. Co.
Quakertown, Pa.
Oct.
1,
Jan.
1,
1947
1927
1945
D. N.Y., Oilman, 8on A Co. Sept. 12, 190O
See text.
M.12&8 N.Y., checks mailed.
lj. A J.
Jan. 1, '00. 5%
Boston.
J.
A*
10
Capital stock authorized $2,000,000—
terminals were established.
par $100, all owned by Reading Company, $1,555,000 being deposited
under its general mortgage of 1897. " Other indebtedness," $110,886
July 1, 1899.— (V. 55, p. 544. 639. 680.)
Portsmouth & Dover RR.— See Boston A Maine.
Potomac Valley RR.— Opened in Sept, 1892, Potomac Valley
June, Md., to Cherry Run, W. Va., on the B. A O., 14 miles, and
from Porters, Pa., to York, Pa., 17 miles; total, 31 miles. Capital
stock, $500,000 ($50 shares). Leased to Western Marylana, the bonds
of 1941 having principal and interest guaranteed, Jointly and severally, by the Western Maryland RR. Co. and the Baltimore A Harrisburg
Ry. Co., and being so endorsed. The bonds have a sinking fund of 7-10
of one per cent. Earnings for year ending Sept. 30, 1897 Gross, $146,379; net, $79,729. In 1895 6, net, $91,851. (V. 52, p. 121; V. 66, p. 130.
Potosi &: Rio Verde Ry.— Owns a narrow-gauge road from City
of San Luis Potosi, Mexico, to Hacienda Alvarez, 40 miles, completed
about July, 1H99. Has concessions for 99 years, expiring Nov. 4,
1985, when railroad becomes the property of the Mexican Government. Company is exempt from taxes and import duties for 15 years.
Bonds are subject to call at 110 and interest on any interest day.
President, Robert S. Towne; Secretary, C. J. Nourse, Jr., 27 William
Street. New York.
Prospect Park & Coney Island RR.— See Street Railwat
Supplement under Brooklyn Rapid Transit Co. V. 69, p. 654.
:
RR.—
&
Providence, R. I., to Douglas,
Springfield
Providence
Mass., on the New England main line, 28 miles. Stock is $517,450 (par,
$100), mostly owned by the N. Y. New H. A Hart. V. 61, p. 1014. Road
leased (terms modified in July, 1896.) to New England RR. till July
1,1989, at 4 percent on stock. See V. 63, p. 30, and New England
RR. report V. 63, p. 698. The bonds were guaranteed by the N. Y. A
New England (since foreclosed).— (V. 63, p. 30.)
RR.—
&
Owns from Providence, R. I., to
Providence
Worcester
Worcester, Mass., 44 miles, of which 5 miles are owned jointly frith
Boston & Providence; branohes, 7 miles; total owned, 51 miles;
From July 1, 1892, leased for 99 years at 10 per cent per unnum on the
stock to the N. Y. N. H. A Hartford.— (V. 63, p. 1064.)
Quakertown
Pa., 15 miles.
Eastern
Sc
RR.— Quakertown
to
Riegelsville,
par of shares, $50.
Funk; Treas James H.
Stock, $180,000, all outstanding;
President, John Jameson; Sec, Henry S.
,
Shelby. Office, Quakertown, Pa.
Quebec Central Ry.— V. 68, p. 1077; V. 69, p. 28, 646, 1148.
V. 69, p. 230; V. 70, p. 231.
Quebec
Lake St. John
Queenstown, Md. to Lewes, Del., and
Queen Anne's
Rehoboth Beach on Atlantic Ocean, 60 miles. Pennsylvania tracks
used between Lewes and Rehoboth, 6 miles; total, 66 miles. Stock,
$720,000. Bonds, 1st 5s. Gdn. Trust & Dep. Co. of Bait., Trustee.
Year ending June 30, 1899, gross, $H5,552; net, $3,274. In Marob,
1900, the company intended to change its name to Baltimore A Delaware Breakwater RR. and to ask legislative authority to increase its
bonded debt to $30,000 per mile. V. 70, p. 532. President, William
H. Bosley, Baltimore Sec, A. H. Taylor. V. 70, p. 532.
&
RR —
Ry—
;
Port Angeles Eastern RR.—V. 69, p. 82.
Port Arthur Dul nth & Western Ry.— V.68,p. 1077; V.69,p.334.
Port Jervis IWontlcello & New York RR.— Owns Port Jervis,
1898-99
1897-98
-(V. 65,
6
4g.
<£
<6
Port Reading.—1st M., g.,guar. by old P.<feR....c*<fer
Potomac Valley— 1st M.$2,000,000,g,guITIeBac*AT
Potosi <6 Rio Verde— 1st M., $15,000 p. m., s. f.S.c*
Prosp. Park <& U. /.—See Street Railway Suppl
o
Providence <t Springfield 1st M. gold
Providence <& Worcester -Stock (10 per cent rental)
reen
O.
1880 500 &C
$81,000
1887 $1,000
9,700,000
1891
1,000
3,500,000
1882
100,000
1890
400,000
1,000
....
50
1,333.342 6
....
50
1,700,000 7
1878
1,000
1,500,000
1887
1.000
1,562,000
1896
1,000
400,000
1894 100 Ac
225,000
1896 100 &C N'eMch.,'00
J.,
to Staten Island Sound,
1892,
where extensive
Sc St. Louis Ry.— Owns Barnett to Colum52 miles. Successor in Feb., 1899, to the Litchfield Car.
A West RR., sold under foreclosure Nov. 26, 1898 (V. 68, p. 40); V.
made northwest
68, p. 233. Extensions, it was said, would be
to Quinoy and southeast to Vandalla. Stock, $500,000. For 6 months
ending June 30, 1899, gross, $22,011; net, $1,951. For year 1897-98
Quincy Carrol It on
biana,
111.,
gross, $41,397; net, $4,098; taxes and miscellaneous,
balance, $4,004. On Jan. 17, 1900, transferred to Dwight C.
Morgan, of Dwight, 111., representing the Chicago A Alton interests.
V. 70, p. 176. (V. 68, p. 40, 233; V. 70, p. 176.)
(old
Co.),
$8,102
;
Quincy Omaha
A.
Kausas City RR.— West Quincy to Trenton
Mo.. 133 miles; trackage (C. B. A Q.), to Quinoy, 3 miles.
History.— Incorporated June 1, 1897, and acquired, from the bondholders' oommittee representing the non-preferred bonds, theproperty
of the old Railway foreclosed, paying therefor $250,000 1st mortgage
6s and $1,500,000 oapital stock (which is deposited with the Guaranty
Trust Co. of N. Y.). The new company leased its road to the Omaha
K. C. A Eastern until Sept. 12, 1900.
Balance.
Int., taxes, etc.
Net.
Yearly Earnings.— Oross.
1896-7
1895-6
$290,952 $72,646
289,741 112,111
$127,879
def.
$55,233
sur. 87,835
1,276
-(V. 64, p. 84, 181, 470. 800, 954; V. 65, p. 195; V. 68, p. 773.)
J
RR.
Quincy
Bridge Co.—Owns bridge 1*43 miles long over the
Mississippi River at Quiuoy, 111. Leased Jan. 1, 1869. for 100 years to
C. B. A Q. and Hannibal A St. Joseph railroads at annual rental of
$175,000, which equals 10 per cent on tho stock.
Raleigh
& Augusta
Air Line
RR.— Owns from
Raleigh, N.
C,
to Hamlet. N. C, 97 miles; Hamlet to Gibson, 10 niilas; leases Moncure to Pittsboro, 12 miles; total, 119 miles. Raleigh A Gaston has
owned $772,200 of the $873,600 stock; par, $100. R. A A. first 6s
are endorsed by the Raleigh
& Gaston.
134
i^VESTO-tOS' SUrrLEMEJST.
[Vol.
LXX.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
Bonds- Pflhoi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date 8ize, or
pal.When Due.
Amount
For explanation of column headings, &c, see notes of
Par
of
Outstanding Rate per When Where Payable, and by Stocks — Last
on first page of tables.
Road. Bonds Value.
Cent.
Payable
Whom.
Dividend.
<f Gaston -Bee Seabo ard Air Line Ry.
18 1889 $1,000
o
mortgage, gold
Reading rf Columbia— 1st mort. (ext. in 1882)... o*
40 1862 100 &C
2d mortgage, coupon (extended in 1884)
1,000
c
40 1864
Debentures
1,000
c
1877
Mending Company— Common stock, $70,000,000
50
50
1st pref. stock, I per cent, nou-oum
2d pref. .stock, 4 per cent, non cum
50
Old Phila. A Read. KK, BONDS.
Delaware River Terminal Pur. Money M., gold.c*
1892
1,000
Delaware River Term. Ext Pur. Mon. M., gold.c*
1.000
1892
t Bonds and mortgages on real estate
Raleigh
<£
Rar-itiui
Hirer
Augusta- Raleigh
A'//.— 1st
KK. liONDS ASSUMED
Philadelphia to Pottsv. $&£.c
1 Mortgage loans of 1844, 1848 and 1849
c
tMortgage loan of 1857 convertible
c
Mortgage loan of 1868, gold, extended in 1893.
tOonsol. mortgage ($8,162,000 are gold 6s)
c
tlmpr't M., g., ext. in 1897. See V. 65, p. 870, g.
lConeol. M.of 1882, g., 5s, ext. '97 (V. 65, p.278)c*
tTerminal mort, gold. See V. 64, p. 85
c*<fcr
Old
Plllla.
1st M., ext, in
t
BY P HILA. & Read
94 1843 $ & £
94 1844-9 1,000
1857 500 &c.
A Read.
'(>0,
1868
1,000
1871 200 &o.
1873
1882 500&0.
1891
1,000
i48
254
325
327
Mortgages on real estate
Philadelphia Citv Subway Loan, guar., $3,000,000
tP. Ac U.Coal Ac I. morts. See list V. 64, p. 619.
Coal trust certificates, gold. See V. 65, p. 278.
Col. sink, f gold loan (RR.) red. at 100, ass..c*
1894-8
•72-'84
I
t
above.
<fec.
1,000
1.000
1897 500 &o.
1899
Gen. M.,$135,000,000,g., s.f.not subj.to call.c*&r. Text.
Car trusts, $3,600,000, $252,000 s. abeg. 1901..
Note.— General mortgage
500
1894
1892
Reading Company
bonds marked
of 1897 requires th at the Reading Co.
Only $1 6,000 are 3s.
If
Earnings.— Year ending June 30, 1899, gross, $488,599 net, $147,285; other income, $4,167; charges, $lo2,~ 80; balance, surplus, $48,572. In 1897-8, gross, $434,522; net. $75,627. Pres., John Skelton
Williams, Richmond, Va. (V. 61, p. 751; V. 69, p. 334.)
;
Raleigh Ac Gaston RR.— Owns from Raleigh to Weldon, N. C, 98
miles and Louisburg branch, 10 miles.
Control was acquired by Williams syndicate in 1 899 and the stockholders voted on Dec. 9, 1899, to authorize the company to absorb
by consolidation the Seaboard «fe Roanoke, etc., composing the Seaboard Air Line, and to increase the stock to $75,000,000. To be part
of the new Seaboard Air Line Ry., which see
V. 69, p. 334, 542.
Dividends.—In 1889, 1890 and 1891, 6; in 1892, 4 p. c; none since.
Earnings. —In year ending June 30, 1899, arross, $720,951: net, $299,458; other income, $78,304; charges, $2 -i2,«8S; balance, surplus, $95,074. In 1387-8, eross, $589,153|; net. $234,038. Pres., John 8kel ton
Williams. Riohmond, Va.— V. 69, p. 334, 542, 907, 1013, 1248. 1301.
—
Raritan River Railway.— South Amboy to New Brunswick, N.
13 miles; branches, 5 miles; total, 18 miles. Connects at South
Amboy with C. RR. of N.J. and Penn.RR.vla N. Y. & Long tfr. RR etc.
J.,
,
Stock authorized, $1,000,000; issued, $866,000; par, $100. Loans and
bills payable Dec. 31, 1899, $29,681. Year ending Deo. 31, 1899, gross,
$70,807; net, $23,929; int., taxes, etc., $20,428 surplus, $3,501.— V.
;
68, p. 573.
Reading Ac Columbia RR.— Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Jnnotion,to
©hi dries, 6 miles; total operated, 60 miles. Stock, $958,373 (par. i»01 ef
wbioh 8788,200, together with $9,500 1st in tee., $35,000 2d mtge. a»d
$1,000,000 debentures, are owned by Readlnu Company, all except
$3,200 stock being deposited under its general mortgage of 1697.
Current liabilities June 30, 1899, $1,217,369.
,
Reading Company— Philadelphia
Map.j—The Philadelphia & Reading Ry
Ac
Reading Ky.— (See
operates in connection with the
fTeat anthracite coal properties of the Philadelphia & Reading Coal &
ron Co. in the Schuylkill region, Pennsylvania, a large system of
roads centering at Philadelphia and extending thence westerly through
the coal fields to Hazelton and Williamsport on the north and Harrisburg, Shippensburg and Gettysburg, in Pennsylvania, on the south,
also easterly in New Jersey to Atlantio City, on the Atlantic Ocean,
and to tidewater at Port Reading on New York Harbor, viz.:
Lines owned in fee.
Miles.
Leased lines (Con.)
Miles.
Phila. Har. & Pitts. RR
Philadelphia to Mt. Carbon,
H46-9
Pa. etc. (double tracked).... 101 Wilmington & North. RR.. IT 88-4
.
—
I
|
Branohes—
Phila.
Reading
to Harrisburg, Pa..
Lebanon to Brookside, Pa..
Rockville to Auburn, Pa
Mahanoy City to Pt. Trev. ..
Castle to Mahanoy
54
42
53
.
,
~i
New
>
Plain, Pa
Other lines
>
65
&
Reading Term. RR.
1-3
549-9
Total leased
Lines controlled— (See each Co.)
Entire stock owned
5*4
Chester & Delaware RR
—
1-6
& Bloomsburg
& Hummelst'n RR. 6-4
Tamaqua Hazleton & N. RR
9 9
Controlled —
Reading & Columbia RR
T[39-6
Lebanon & other branches 13-8
Rupert
50
Middlet'n
.
Total (2 tracks 173 miles). 365
Lines leased (See each Co.)
Oolebrookdale RR.
Pickering Valley RR
East Pennsylvania RR
Allentown
RR
12-8
11-2
H35-4
fl4-5
Little Schuylkill Nav. & RR. 1T31-5
Mine Hill & Schuy. Haven.. H45-8
Pt. Carbon RR. U 2-5
Mt. Carbon
Mine H.RR....fl 3-8
Mill Creek
Schuylkill Valley Nav.&RR. 1T11-0
East Mahanoy
fllO-9
Shamokin Sunbury & L. RR. 1T31-3
Phila. German. & Nor. RR.. . TT29-6
Chestnut Hill KR
fl 41
&
&
6-4
Read. Marietta & Han. RR.
North East Penn. RR.
H25-6
Phila. & Chester Valley RR. 1T21-5
Atlanti c City R R. & branches,
Sea Coast RR.,etc
H159-3
Catasauqua & Fogelsv. RR. . 29-5
Camden County KR
73
Gettysburg & Harrisb Ry... U34-1
RR
Perkiomen RR
1T38-3
Phil. Newtown & N. Y. RR.. TJ21-7
Port Reading RR
1J197
Stony Creek RR
101
Catawissa RR
H1030 Phil. & Frankford RR
1T 2 6
0-4 Bloomsburg Belt Line RR.
Norristown Juno. RR
0-4
North Pennsylvania RK
1J86-2
(IT See this company.)
Delaware & Bound B. RR... 1T33-8
1143-9
Schuylkill & Lehigh RR
541-6
Total controlled
Total system July, 1899 (2d track 446 miles). 1,456-5. The Wilmington & Northern. 88 miles, has been leased for 999 years from Feb. 1,
1900, practically all its stock having been acquired. V. 67, p. 843,
1218; V. 70, p. 1^6. (fl See this company.)
Organization.— The Philadelphia & Reading RR. (chartered April
4, 1833) and the P. & R. Coal & Iron Co. were sold in foreclosure Sept.
23, 1896, and reorganized per plan in V. 61, p. 1109.
In the reorganization the 41 millions of old stock and the 56%
millions of old preference income bonds were assessed 20 per cent,
the stock then receiving 100 per cent in new common and the preference incomes, common and preferred stock in certain proportions.
The "Reading Co." in the reorganization of 1896 acquired the security holdings, real estate, equipment, etc. of the old Phila. & Reading
UK. Co.; also $20,000,000 stock and $20,000,000 bonds of the Phila.
•V Reading Ry. and the $8,000,000 stock of the Coal«fe Iron Co., and
.
,
against
all this
$353,000
650,000
350,000
!
property issues
its
own
securities.
See V. 64,
p.
709.
I*
J.
M.
5
J.
1,000,000
6
J.
69,900,000 All stock in
28,000,000
M.
42,000,000
500,000
809,000
5
& J.
& 8.
& D.
& D.
vot'g
& S.
&
&
g.
N.
Holland Tr. Co., N. Y.
Phil.&Read. RR,
do
do
Phila.,
trust for 5 voars or
N. Y., J
.
Mch.
June
Deo.
1,
1,
1,
1,
1939
1912
1904
1917
re.
P.Morgan & Co. Mch. 8/00,
Phila.,
Guar. Trust,
do
J.
mo
Jan.
do
May
20,
July
1,
lifl
1942
1942
1,074,651
Railway. See Not E
1,512,700
6
954,000
6
413
79,000
2,696,000
5g.
18,811,000 eg. &7
9,363,000
4g.
5,67 3,042
8,500,000
5 g.
619,405
3&3i2
2,700,000 If
64 w, 000
5,6&7
3,600,000
6g.
1,621,000
5 g.
63,887,000
3,600,000
4g.
4g.
and Reading Coal
&
j!
j.
j.
A.
J.
A.
M.
&
&
&
&
&
&
&
&
1910
1910
July, 1910
do
do
Oct. 1, 1933
Phila., do & London, June 1, 1911
Phila.. Read. Ter. Bldg
Apr. 1, 1947
do
do
Mch. 1, 1937
Phila., Prov. Life <& Tr
May 1, 1941
j. Philadelphia
London,
j. Phila., Read. Ter. Bldg,
do
do
j.
O.
D.
O.
8.
Q.-F.
July
July
1,
1,
1904-1923
City Treasury.
Various Phila., Penn. Co. for Ins.
19001904
do
Apr.
do
1, 1904
Q.-J.
F. & A Phila., Read. Ter. Bldg. Feb. 1, 1902
&
&
J. N. Y., J. P. Morgan&Co.
Co., Phila., Pa.
J. Drexel
Iron Co.
shall
&
Jan. 1, 1997
Jn.*01-J'ly'07
be responsible
for
all
old
The property of the Reading Company, as distinguished from the
property of the Phila. & Reading Ry. Co. (which owns the railroad but
no equipment), and of the Coal & Iron Co., oonsists of the following:
Railway equip, leased to Ry. Co. for 8 p.o. yearly
$18,110,041
Real estate not appurt. to RR. (ann. revenue ab't $175,000) 1 6,442,309
Colliers and barges leased to Ry. Co. for $115,000 yearly...
1,450,000
Phila. & Reading Ry. stock $20,000,000 and bonds, $20,000,000 par (annual int. to Reading Co., $1,200,000).... 40,000,000
Phila. & Read. Coal & Iron and Reading Iron stock at par.
9,000,000
Miscellaneous securities at par (in 1896 yielded $765,000). 40,900,483
Morts. and ground rents at par (not under '96-'97 mort.)
265,665
Int. in Phila. & Read's Coal & Ir. above securities owned.. 77,280,349
Claims against other companies, etc
4,439.817
.
.
Total July
(See V. 69, p. 801)
$207,888,664
classes of stock of the new company are to
be held by votins trustees (J. Pierpont Morgan, Frederic P. Olcott and
Henry N. Paul) for five years, and thereafter until 4 per cent cash dividend per annum shall be paid on the first preferred stock for two consecutive years, though the trustees may in their discretion surrender
the stock at an earlier date. As to stock privileges see V. 64, p. 709.
See copy of voting trust agreement V. 64, p. 955, and also Supplement of April, 1897, page 5.
Dividends.— First semi-annual dividend on preferred 1*2 p. c, paid
March 8, 1900.-V. 70. p. 280.
Bonds.—The New General Mortgage 4s (abstract V. 64, p. 612)
are secured by mortgage and pledge of all properties and securities embraced in the reorganization, and also all other property
acquired thereafter by use of the new bonds. They will have a sinking
fund out of the revenues from the Coal & Iron Company, but are not
subject to oompulsory redemption prior to maturity. Thenewmortfage i3 also, subject only to the bonds for which reservation is made,
ased upon properties or securities of all the lines of railroad owned,
including the Philadelphia <fe Reading Railway Company proper,
391 miles; various leasehold lines, 597 miles; all the property of the
Coal & Lron Company, or the securities thereof, represenling nearly
200,000 acres of coal ana timber land; equipment valued at about
$12,000,000, ana also the marine equipment.
Furthermore, it has a first lien upon a majority of the capital
stock of various companies in the system owning 448 miles of railroad, of which 195 miles are leasehold lines included in the 597
miles above stated, and also on bonds of roads in the system (other
than the P. & R. Ry. Co.) amounting to $34,265,936 par value. The
securities are said to have earned in 1894-95 an inoome of $585,000, of which $448,000 was received as dividends—list in V. 64, p. 613.
The new mortgage is for $135,000,000, Issuable only as follows
To take up undisturbed bonds of the Reading RR. and
1,
1899.
Voting Trust, Etc.—All
$64,631,000
Coal & Iron Co
For future construction, equipment, etc., at not over
20,000,000
$1,500,000 per annum under stringent provisions
50,369,000
Issued at onoe for reorganization purposes
Improvement mortgage 6 p. c. bonds of 1873 due Oct. 1, 1897, were
extended at 4 p. 0. for 50 years from April 1, 1897, payable in U. S.
gold and guaranteed p. & i. by the Reading Co. V. 64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at 4
p. 0. till Mar. 1, 1937, the Reading Co. and Coal & Iron Co. beceming
responsible.
See V. 65, p. 870, for contract.
V. 65, p. 152, 870.
The terminal mortgage bonds are Reading RR. bonds, and are
secured by a mortgage upon all the property of the Terminal Co. and
by a traffic contract between Reading and the Terminal Co. The trus-
Amount authorized,
is the Provident Life & Trust Co. of Phila.
$8,500,000. See description in V. 64, p. 85 and guaranty V. 60, p. 732.
For ten-year sinking fund loan see January, 1895, Supplement.
The coal trust certificates under agreement of May, 1895, are not
redeemable until April, 1904— see V. 63, p. 838 and Jan., 1895, Supp.
As to Philadelphia Subway Loan the receivers were authorized in
June, 1894, to pay interest (and principal at maturity) of not exceeding
$3,000,000 out of a total issue of $6,000,000 of 3 to 3*2 p. o. bonds of
City of Philadelphia, to abolish grade crossings. Prinolpal is payable
after ten years from date of loan in 20 annual instalments. See V. 58,
p. 1110; V. 62, p. 950; V. 63, p. 881.
As to the outstanding old bonds (see V. 64, p. 619), the Reading
Company and the Coal & Iron Co. oovenant to pay their interest
when due and to pay or extend their principal at maturity.
The $3,600,000 car trusts of 1899 cover 2,500 wooden coal cars.1,000
gondola cars, 30 passenger coaches, 30 locomotives, 500 box freight
cars and 200 refrigerator cars, the semi-annual payments being met
irom the renewal fund.—V. 69, p. 1346.
Coal Properties.—These aggregate about 194,000 acres, as follows:
Coal lands owned (acres). ...95,144 Timber lands owned (acres) 70,489
21,000
7,429 Iron ore lands (aores)
Coal lands leased (acres)
General Finances.—Application to N. Y. Stock Exchange to list
general mortgage bonds was given in full in V. 64, p. 709.
In Jan., 1899, listed $1,952,00" additional gen. 4s, of which $452,000
to redeem old bonds and $1,500,000 for improvements— V. 68, p. 188.
The first semi-annnal dividend on the first preferred was raid Mar. 8,
tee
I
|
1900.— V. 70, p. 280.
Latest Earnings.— From July 1 to Feb. 28 (8 months)
as follows on basis of present charges in both years
results
were
April,
1900.J
RAILROAD STOCKS AND BONDS
135
126
INVESTORS' SUPPLEMENT.
[Vol.
LXX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PAnolRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal.When Due.
Amount Rate per When Where
Par
of
of
For explanation of column headings, &c, see notes
Payable,
Stocks— Last
and
by
Outstanding
Road. Bonds Value.
on first page of tables.
Cent.
Payable
Whom.
Dividend.
Rensselaer <& Sara.— 8tock,8p.cgu.Del.&Hud.)end.)
1st mortgage, consolidated
o*<fcr
Richmond Prederic.Ksb. & Potomac— Common stock
Dividend obligations (same div. as com. stock)..
Stook, guar. 7 p. c, except $19,300 guar. 6 p. o.
1st mortgage, convertible
192
79
82
82
82
82
82
31
$100 $10,000,000
1871
1,000
100
100
100
Various
1856
1858 Various
1870 Various
do
coupon bonds due in London
do
do
due in U. 8
'44-66
mortgage
2d
do
do
1890 $1,000
o*&r
Consol. mortgage for $2,000,000, gold
1898
1,000
Rich. <& Meek.— 1st M., $315,000, g. (V. 69, p.391). c
Richmond dt Petersburg— See Atlantic Coast Lin E RR. OF VlR GINIA.
100
Rio Orande Junction— Stook
"(52
1889
1,000
1st mortgage, eold, guaranteed
o*
1,000
Rio Or. Sierra it. <£ Pac —1st M.,gold,$20,000 p.m. 156 1897
100
180
Rio Orande Southern— Stock, $25,000 per mile
180 1890
1,000
let mortgage, gold, $25,000 ) not guaranteed <
180 1890
1,000
per mile
S to bo guaranteed I
100
Rio Orande Western—Com. stock, to be $15,000,000
100
645
Preferred stock ($7,500,000 authorized)
lstM.limlfdto $15,200,000, g.(V. 69, p. 284). Co* 436 1889 l.OOO&o
645 1»99
1,000
1st consol. mort.. red. at par, see text, gold. S..c*
33 1898
1,000
Utah Cent. 1st M.,$e50,000, guar., V. 68, n. 724, g
50
River Front— Stock, 5 per cent, guar. Penn. RR
1882
1,000
guar.
&i.
by
Penn.
RR
1st mortgage,
p.
1893
Debentures
100
18
Roch. <& Oenesee Val— Stock, 6% rental Erie RR
»••
100
113
. .
Rock Island <t Peoria— Stock
5,000
113 1885
Consolidated 1st mortgage
r
1
•
—
to
P. * R. RR.
Feh. 28.
Gn>?t<.
Net.
18y9-0... $17,850,532
$6,703,270
1868-9... 16.359,805
6,431,696
Chargesall Cos. 8mos., 1899-0
1898-9
do
do
8 mos.
.
-Coal& Iron.-
Read. Go. All Cos.
totalnet
Net.
$8,61 1,9X'
$153,499
130,725
7,673,925
16,63(3,345
.$6,184,000; balance, sur., $2,460,983
6,049,235; balauce, sur.. 1 524.60D
r-
,
Oross
$20.67*,389
,
yet.
$1,78M.214
1,008,605
The Reading System always shows small earnings in the winter
months. The largest earnings are in the autumn.
Annual Report.— Fiscal year ends June 30, having been changed in
8ept., 1897, from Nov. 30. Report for 1898-9 was given at length in
V. 69, p. 792, 798, 904. See also editorial, p. 775.
1897.
1899.
1898.
Tears Ending June 30.
Railway company—Receipts.. $23,756,461 $22,f>85,838 $20,616,264
13,085,0ci2
11,717,460
Expenses (incl. renewals, etc.). 14.b34.038
Net earnings
<& Iron Co.— Receipts
Expenses
$9,122,423
$23,643,838
22,742,103
Coal
Net earnings
Reading Co.— Net income
Net earnings all Cos.
Fixed charges and taxes.
.
$9,600,806
$22,909,553
22,433,315
$8,898,804
$21,427,080
21.331,713
$901,735
$476,238
3,358,543
3,526,583
$95,367
343,320
$13,382,701
12,442,236
$13,603,627
12,227,206
$9,337,491
9.916,625
Surplus
$940,465
$1,376,420 df. $579,134
Officers.— President, Joseph S. Harris; Vice-President, W. R. Taylor; Sec, W. G. Brown; Treas., VV. A. Church.— (V. 70 p. 126, 280.)
Rensselaer & Saratoga RR.— Road.— Embraces 192 miles, viz
Miles.
Road owned—
Miles.
Leased ( Continued) —
Troy to Lake Champlain
79 Ft. Edward to Caldwell
15
,
:
—
Leased
Vermont line to Castleton, Vt. 7
Troy to Waterford June, etc. 14 Eagle Bridge, N. Y., to RutSchenectady to Ballston
15
land, Vt
62
Lease.— Leased in perpetuity March 1, 1871, to the Delaware & Hudson, which, Dec. 31, 1898, owned $800,000 of stock; rental, 8 per cent
on the stooK and interest on bonds. Guaranty on stock, V. 56, p. 773.
Oross.
het.
Int., taxes, etc.
Year.
BaL, def.
1898-9
$2,458,032
$695,183
$334,000
$1,029,183
1897-8
2,448.728
729,235
299,312
1,028,547
—(V. 63, p. 881; V. 67, p. 1054; V. 68, p. 976; V. 69, p. 384, 1061.)
Richmond ic Danville.— See Southern Railway Co.
Richmond Fredericksburg At Potomac RR.— Owns fr»m
Richmond, Va., to Quantioo, 79 miles; James River branch, 3 m. leases
Quantico to Junction, etc., 3 miles, total 85 miles. The dividend obligations carry no voting power. Rich. & Petersb. Connection RR. stock
of $140,000 receives 8 p. c dividends under lease.
Atlantic Coast
Line Co. owned $675,800 common stock June 1, 1897.
In March, 1900, a change in the former scale system was made in
the method of voting, and it was thought that the operation of the
road might be taken over by the Pennsylvania and B. & O. with the
view of f oi ming with the Penn. line between Washington, D. C, and
Quantico, a connecting link for all lines between Washington and the
South.—V. 70, p. 633. The guaranteed stock is secured by moitgage.
Consols are reserved for prior bonds maturing.
Drvs.on stock & ) '88. '89. '90. '91 to '93. '94. '95 '96. '97. '98. '99. 1 900
div. oblie. p. c 5 7
7 6^ 7 yearly. 6^ 7 7 6^ 7
7Jan.,4
EAKNING8.-8 months, 51899-0.
Gross, $599,571; net, $262,482
July 1 to Feb. 28.
(1898-9
Gross; 535,833; net, 200,285
Report.— Report for year end. June 30, 1899, showed gross $898,
259; net, $'-26,057; other income, $22,266; interest, $88,255; divi
dend.8, $160,814; balance, surplus, $99,254.— (V. 70,p. 633.)
Richmond Ac Mecklenburg RR.— Owns road from Keysville,
Va., to UlarkesviJle, Va., 31 miles. Road is leased by South. Ry. Co.
for 50 years from Nov. 1, 3 898, for interest on bonds. (V. 69, p.* 3dl.)
Stock.— $357,900 (par $100) of which $300,000 owned by So. Ry. Co.
For year ending June 30, 1899, gross, $47,437; net, $4,703; other income, $1,501; int., and taxes, $13,341.— V. 68, p. 826.
Richmond Nlcholasvllle Irvine Ac Beatty ville RR.— See
;
,
Louisville
& Atlantic RR.— V.
69, p. 180, 696.
Petersburg RR.— See Atlantic Coast Line of Va.
Rio Orande Junction Ry.— Owns road Rifle Creek, Col., to a
Richmond
Ac
connection with the Rio Grande Western at Grand Junction, 62 miles.
Tnis is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland Railroad (since foreclosed and reorganized as Colorado Midland Railway)
and Denver & Rio Grande at 30 per cent of gross earnings, which com panies jointly and severally guaranteed the bonds, principal and inmterest. First dividend, 1898, 80 cts.; in 1899, $1 20; in Jan.. 1900
$1 96. For yearl897-8, gross, $387,977; net, $116,393. (V. 66, p. 237.)
Rio Grande Sierra
JTIadre Ac Pacific
RR.— Organized in Mex-
ioo in 1896; incorporated in N. Y. State in June, 1897,
when completed
from Ciudad Juarez via the San Bias Mountains, Lake Guzman, 8abinal
and San Pedro mining region, to Casas Grandes, 156 miles. Extension
proposed to Guerrero, 156 miles, to meet the Chihuahua & Pacific,
8
J.
2,000,000
7
1.265,600 7 in 1899
1,072,000 7 in 1899
500,400
7
76,270
5
47,248
5
298,000
6
53,511
5
500.000
4^g.
3l 8,000
4 g.
M.
J.
J.
M.
J.
J.
M.
J.
A.
M.
&
&
&
&
&
&
&
&
&
&
&
J.
M
6
J.
&
& H.Canal Co.
Jan., '00,
4%
May 1, 1921
do
J. Phila. and Richmond, Jan. 2, '00, 4%
J.
do
Jan., 1900,4<>/6
do
N.
do
May, 1900,31s
do
do
J
do
1901
1901
do
J.
do
1901
N.
do
do
1901-1902
do
J.
do
Apr. 1, 1940
O. N. Y., Phila. or Richm'd
Nov. 1, 1948
N.
J. P. Morgan & Co.
2,000,000 See text Jan'ary
1,850,000
5 g. J. <fe D
2,000,000
6 g. J. & J
4,510,000
2,233,000
4 g.
A J
2,277,000
4 g.
& J
10,000,000
6,800,000 5^ in '99 Q.-F.
15,200,000
4 g. J. & J.
1,500,000
4 g. A. & O.
650,000
4g- A. & O.
300,000
5
216,000
4k)
& N
84,000
4
J.30.D.31
555,200
6
J. & J
1,500,000
5
J. & J.
450,000
N. Y., Del.
do
N.
J'n.25'00,1-96
New York.
N.Y..Mait.,Coppell& Co Deo. 1, 193*July 1, 1917
N. Y. Co.'s office.
N.Y.,Mait.,Coppell& Co July
do
do
July
N. Y., Office,
HB'way
do
do
N.Y., State Trust Co.
N. Y. State Trust Co.
N. Y., office R. G. W.
All owned by Penn.
Phila., Co.'s Office.
RR
1,
1,
1940
1940
Sep. 30,'99, 1%
Mayl, '00,li4
Jan.
1,
1,
1,
1939
1949
1918
May
1,
1912
July
Apr.
Dec. 31, 1903
N. Y., by Erie RR. Co. Jan., '00, 3%
N. Y., Corn Exch. Bank Jan.l'00,2i3%
J
do
do
July
1,
1925
and a projected
line to Pacific Coast. Capital stock is $3,120,000
($20,000 per mile) and bonds are authorized at $20,000 per mile, of
which $2,000,0
issued for construction to July, 1898
Interest on
bonds begins July, 1899. El Paso Southern RR. organized to build El
Paso terminals and Rio Grande bridge.
Directors.— President, A. Foster Higgins; Vice President, Edwin D.
Morgan; 2d Vice-President, A. Gilford Aernew; Secretary, George Rowland; Treasurer, Solon Humphreys; Sidel Tilghman, John B. Law1
Morton Grinnell, Edward M. Shepard and John
rence, Jr., W.
T.
Terry
New York offices are at 54 Exch. Place.— V. 64, p. 611, 1138
Rio Grande Southern RR.— (See Map Denver ct Rio Orande.)—
Owns narrow gauge from Dallas (new name Ridgeway), Col., on the
Denver & Rio Grande, southerly to Durango, 162 miles, and branohes
and coal
near Hesperus, 18 miles.
reduced from 5 per cent to 3 per cent to
Jan. 1, 1898, and 4 per cent thereafter. A majority of the stock is
owned by D. & R. G. and by it has been placed in trust. See V. 63, p. 404.
Mortgage trustee, Central Trust Co.; abstract, V. 54. p. 163, and application to N. Y. Stock Exchange in V. 54, p. 446. Of the bonds, $2,«
277,000 owned by the Denver <fe Rio Grande are to be guaranteed by
the latter and sold.— V. 70, p. 791.
Latest Earnings.— 8 mos., $ 1899-0.. Gross, $3^8,404; net, $175,987
July 1 to Feb. 28.
U898-9.. Gross, 335,838; net, 162,449
For year ending June 30, 1899, gross, $489,326; net, $235,296
other income, $1,940; interest, taxes, etc., $212,642; surplus for year
$<S4,594. In 1897-98, gross, $427,264; net, $197,630. (V. 69, p. 490.)
Rio Grande Western Ry.— See Map.)— Line of Road— Owns Crevasse, Col., to Ogden, Utah, 310
to Wasatch, Bingham, Coal Mines,
etc., 102 m.; San Pete|branch, Thistle to Manti, 62 miles; Sevier Railway
(proprietary line all securities owned), Manti to Belknap, 62 miles;
Tintio Range Ry. (proprietary line, all securities owned)— Springvilie
to Mammoth, and spurs. 47 miles; total owned, 583 miles; Utah Central (stock owned), 33 miles. Leases Crevasse to Grand Junction, 18
miles. Total operated, 634 miles, besides 11 miles of tramways.
History.— Formed in June, 1889, to succeed the Denver <fe Rio
Grande Western, by plan of March, 1889. V. 48, p. 429; V. 52, p. 941.
In 1898 acquired control of Utah Central and guaranteed its first 4s.
In April, 1^00. negotiations were pending for the acquisition of the
Colorado Midland in the joint interest of the Rio Grande Western and
Colorado & Southern.— V. 70, p. 739.
Capital Stock.— Preferred stock is entitled to 5 per cent dividend,
non-cumulative, then common stock to 5 per cent, after which both
classes of stock share pro rata. In V. 67. p. 435, 579; V. 69, p. 492, 695
The stockholders will vote April 30, 1900, to increase the common
stock to $15,000,000 for necessary capital purposes.— V. 70, p. 633.
to Pelluride
fields
Bonds.— Interest on
firsts
(
m
,
—
Cash Dividends.— ) 1891. 1892. 1893.
Preferred, p.
Common, p.
c.
$
3\
5
3%
1894-6. 1897.
None.
34
1898.
5
1899.
5^
2 pf.stk. 1 pf.stk.
In 1899, pref. paid Feb.. 1% (of which 1 extra); May, 1 J4 p. c Aug.,
1^ p. c; Nov., 1*4; 1900. Feb., l^; Mav,li4. Also paid in preferred stock
on preferred In 1891, 2i« p. c; in 1897, 4 p. c. On Sept. 30, 1899, 1
per cent in preferred stock was paid on common stock. V. 69, p. 492.
Bonds.— See abstract of 1st mort. in V 49. p. 237. and statement to
New York Stock Exchange in V. 50. n. 73 also V. 69, p. 284.
The first consol. 4s, authorized in 1899, are secured by a first collateral lien on the Sevier and Tintio railways, 110 miles, and on all new
mileage to be onstructed and rolling stock purchased, including 25
miles of branches to coal mines to be built in 1899, to cover the cost
of which and to discharge car trusts, etc., $1,500,000 have been sold.
Of the balance issuable, $'5,200,000 are reserved to retire the 1st 4s,
$2,200,00n will be exchanged for $2,850,000 branch line bonds now in
the treasury and will beheld as available assets, and $9,000,000 may
be issued at not exceeding $500,000 per annum for equipment and
improvements. Additional consols may also be issued at $20,000 per
mile for future branches and extensions or for underlying liens of acquired roads.— V. 68, p. 475, 1183.
Earnings.— 8 months, ) 1899-0. .Gross, $2,965,970; net, $1,237,674
July 1 to Feb. 28.
2.182,472; net,
814,023
S 1898-9.. Gross,
Annual Report.— Fiscal year ends June 30. Annual meeting is held
on fourth Monday in October. Full report for 1898-99, with balance
sheet, etc., in V. 69, p. 900, 910. See also editorial, p. 880.
1899.
1897.
1896.
Year end. June 30—
1898.
596
582
546
531
Average mileage
Gross earnings
$3,352,988 $3,362,288 $2,468,504 $2,457,359
1,157,123
758,615
869,659
Net earnings
1,182,739
957,189
1,301,403
1,265,918
860,891
Net income
608,000
610,833
608,000
608,000
Interest on bonds
203,726
112,849
121,521
107,751
Rental, etc
334,810
324,778
Div. on pref
c
..
..
..
..
;
:
;
(
<
$729,521
$715,751
Total payments.. $1,149, 369 $1,045,627
a.sur.$152,034 sur.$220,291 sr.$l31,370 sr.$241,438
Balance
a From surplus paid on common stock in Sept., 1898, 2 p. c. ($200,
000) and in Sept., 1899, 1 p. c ($100,000), both in preferred stock.
—V. 69, p. 82, 284, 492, 696, 900, 91 0, 1194; V. 70, p. 633.
April, 1900
127
RAILROAD STOCKS AJSD BONDS.
]
CannonA
\':.\JiT-—^
l)
|\jf;Klc>iiii/>n<l
>
\ &>. I J-/
.ColllOBtonZjJ '«/
Keiton^,
/*
GREAT
Colman
|5
H-*>°9 a,V'
'p\l*
B
fS^^ Ml H"ii<^vMJjs.-\.
boHnnWLV
Terrace
\
i
\
g»wooui
/
-
',
s
^OGDEN
B..iiii"al-Ul«/IS
.r?
i
r^
,
'
r
iiw
*°
IV.
AVa
../Wasatch
|iv<(*
fremcJn! rD
.
?ewxf
SA
SALT LAKE CITYl/
Q
'
..
k'fyr/i
*i.
[Hr - 2K»'*3fc
IE Alt &
s
u
U
u*„
D
co/,/>,
s//,r#.Bj||j||| />
*!/, SMi.VKK«
#o SpaniHh
S| ,„
*••
(j,
'^
*»m.
".,
p^fVc^V»t>%
-Naples
r
7
,
.•/- :
RtOS?
-I
o<*
GM
A
LYuchesne
mite
-S'
l*P~
0;sr!fll l|l
"
iN
I
I
'*
"•»
\Ft.
•X-Hpibnpiih
»»
^J/>f
.
Gi
Mei.cur,
N
'"•«
*£
<l
III
M_
tA
N
|
;,
Termiiiusjoll
s
TTT"^
}
BINGHAM'
/
Q
Y
'W
|
(1
TooeW
t?
*%.
t
^\ ^
^Jjf**
J
av;
W
_J
i
s
^•'AN-rEL'pPEVNfcL Morgan
ROUTE
.to
',i
lF&>#£
gS/^' H^
tiWft
f£.
Hot Spring* -
tTta,J
SALT
Bundoljp
V
',_
'
^
LAKE
J/
c Laketo*vV
.,
Honume
P
\Lucln
1/
-
,.<•
N«v
J
.SOX ITU
',
SILVER^
w*ii
irk
>W\ Rlndiauola
/sti.ve
LEAH
&"§7%MIIburn«j
4
_&0'f (CU WINTER _
,
|
*$"
u
>l'oe^
Leamluptou
l
)I/VN
^
£%-/
_>J/Oasis
t
V,ANTI
|° V | .f ^Lawrenc
\<3^"
G „,.
o
u"u
^r# V" i ^ 7 ^-^.Caslledale
^p>
r/# CoaJCr.f,
Bolptoo^f
X 7>
^
JNeels
^
Jg
,
>
\
^V
^(/^•••'••"EiiiL-rvib
^
SiMt^^Ui A i,:t --
:
s
Meadow
'
it^7
'^^^^BICH FIELD ;it^ -^/^%
KanoshV
»*1
i
'
GB 6t"
k^'
«7T
,v*^
>y
Rock
T31ack
IxJ:
•
Riverside
^>„f
Sevier
5
/l^\ >i„W^K 3UAHT,ERsl
A? |MT,-'/N .«"<-• «
'<!
"Eichardso
7Jp
LKNAP)
•'till
BbW
Frlscoc
MoBnfaiM
^/>-\ /
IMARY SVALE4
M/n.'-D/srl
#
'
l
o \
,?
Loa
^
."
°.?
\
berV
iTIilll'lj
-.^
bjunctiou
Minersville
en,
t
%"'
;
niocr
Caineville
Fremont.
0<
/Hanks ville\
Tcardille
_J
vllle
jCoyoto"' ^V-
Mush
0,
,e
v^^
XJfOiV
.ON
Eagle City
%.
L.
^||
^rloh^
<(
'
Mining Dist.
#, \)$Z^
\ A°
4
:"
,
jfe'/?
Vt
Cedar City
\
Henry Mount.
i)Panguilcr>'
^.Parowar^Jh
+*
<£a Sai rr*^"
Min. Dist$~°;°<,
yS^-TV
y
°Kanarravillo
Fargo u
ve BISMARCK)
r«c,
°«ia
^j YELLOWSTOwT"
X>1
Huutiugtou^K._
J
\ii«
R
O
E
G
O
/
^Uoscburg
N
park
x^j!
'Maukalo
lO
;
Oa/~ o^
8
f BOISE
/MV,
'
/I^V.
\
CP
"W'ioouav
SioaV;
I
-^V
IPooaMUol
J
MADISON
V>Y:uiklou
Vjacksuir\'ill
DES
fluffs
Ur
''°ff(o
ehamae
UOSL'V
^•o-^^
l-KX.^^A
L
SAh FRANCISC
O
"5
<*Clover!
jl
/r
Vvai.
v
\\\
KeelV
)™1L
'.:
«.
Fresno
'
I
\sb Fork^
-4^
SANTA FE\
A
S"
i
V
Mojavec
/
*
X^
•«"",',
\
Nei'dlesI
f\.k
/Prcsoott
t-)/
-»
)A R\It Z
.
I'.Jc.
pyn N E w/ M E M
^ KN A
O
r
a
;
I
I
\
|
N-
C Ol
^
ruiirdiqu
1NIX
PHUN
if' San DlegoV
Corouado Bea< l"T"
u»v
1
^
Kiiioon
\Sau Aniouiu
"2,
128
Subscriber* will
c<> lifer
a great favor by giving imui i-diate notice of
RAILROADS.
r'or
SUPPLEMENT.
INVESTORS'
explanation of column headings,
<tec,
see notes
Miles
Date
of
of
Sixe, or
Par
Road. Bonds
on first page of tables.
Value.
Rome tt Clinton— Stock (rental guaranteed)
Rome Watertown <£ Ogdensburg— Stock, guar,
(end.)
1st M.,Wat. & R..Rome toCane Vlu.,s.f.,not dr'n.o*
Syracuse North'n, 1st M. Syracuse to Sandy Cr.o*
Consol. M. (Int. but not prfn. payable in gold)..o.
Oswego Bridge
mortgage
Syracuse Phenix & Oswego 1st mortgage
Norw'd&Mont. 1st M., g., $360,000; $10,000 p.m.
R. W. <& Og.Term. RR. 1st M., gold, assumed
o*
$100
100
97
45
Ail
lSHf,
Co. 1st
. .
Oswego & Rome [Leased
pepper. 1,1st M., guar.
(end) by R. W. & O..0*
in
2d M., gold, guar p. & i.
N. Falls Br. RR. stk., ($243,000own. by R.W.&O.)
Utica & Bl. Riv. sfk,7 p. o. perpet. gu. by R.W.&O.
U.& B.R.lst M., $2,000,000, g., gu. p.&i. (end.) .c
Rupert dt Bloomsb'g— 1st M.gu.p.&i.(end.)P.&R.g.c*
Rutland— Stock, preferred (for com. see text)
1st mortgage (8 per cent, reduced to 6)
o
First consol. mort. for $3,500,000, gold Us .c*<fer
GUARANTKED BONDS.
Ogd. & L. Ch 1st M., $1,400,000, g.. guar Ce..c*
Rut.-Can.— 1st M.g.,gu., $1,350,000.
....c*
Rutland <£ Whitehall RR.— Stock (no bonds;
8ag. Tuscoladt Huron—1st M., $15,000 p.si.,g.Co.c*
8t. C. Mad,
St. L. Belt—Stock
Alt. Bdg.lstM.,g.,$100,000ascol.forl'n$75,0i O.c
8t. Johnsbury rff L. Ohampl.— Stock, $1,298,500, pf.
1st M., $2,500,000 ($1,328,000 gu. by B.&M.) g.o*
St. Joseph dt Grand Island Ry.— Common stook...
1st prefei red stock, 5 per cent, non-cum
2d preferred stock, 4 per cent, non-cum
1st M., g., 2 p.c. 2 yrs., 3 p.c. 3 yrs., then 4..c*&r
OB
1855 100 &o.
1871
1,000
1874
1,000
17
13
14
28
28
9
150
134
2
120
120
120
127
43 ^
7
67
1885
1886
1888
1865
1891
1,000
1,000
1,000
•68-71
"Too
1890
1889
1,000
1,000
100
1872 100 &c.
1,000
1891
6c
100
131
1894
251
1897
Island,
111.,
to
91 miles; R. I. & Mercer County RR., 22 miles: branch, 5
miles total 118 miles. In year ending June 30, 1899, gross, $700,203;
net, $247,977; other income, $8,678; interest on bonds, $42,000;
taxes, $39,301; div. (5 p, c), $75,000; bal., sur. for year, $100,354. In
1897-98, gross $659,677; net, $176,455. Dividends at 5 p. o. per annum
are paid; in 1892 an extra dividend of 10 p. c. was paid; in 1896 an
extra div. of 5 p. c. was paid. The $150,000 first mortgage 10 per cent
bonds were paid at maturity Jan.;l, 1900. Pres., R. R. Cable.
111.,
;
Rocka way Valley RR.—V. 70, p. 126.
6c Clinton RR.— Owns road from Rome to Clinton, N. Y.,
13 miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
& Hudson Canal Co. and operated by N. Y. Ontario & W. Capital
stock, $345,360. For year ending June 30, 1899, rental, $22,375;
sundry expenses, $781; dividends (6»4 per cent), $21,581 balance,
Borne
;
surplus, $130.
Total surplus June 30, 1899, $14,826.
Rome Watertown
Central
dk
6c
Ogdensburg
RR.— (See Map New
York
Hudson River Railroad.) — Owns from near Niagara Falls to
Massena Springs, N. Y., 299 miles, less 28 miles, Richland to East
Oswego, leased from the Oswego & Rome RR.; Richland to Rome.41 miles;
branches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc.. 104 miles;
total owned, 416 miles. Leases Utica & Black River Railroad, Utica to
Ogdensburg, and Clayton branoh, 150 miles Oswego & Rome Railroad
as above, 28 miles Carthage Watertown & Sackett's Harbor, 30 m.
total, 624 miles. Also trackage— to Niagara Falls, 2 miles
Fulton to
East Oswego New York Ont. & Western 12 miles.
Lease.— In 1891 leased during corporate existence and renewals to
N. Y. Central & Hudson River RR. Co., which assumes the debt and
guarantees 5 p. c. on stook. For guaranty see V. 52, p. 463.
Bonds. — Utica A Black River is leased in perpetuity, 7 per cent on
stock being guaranteed. First mortgage, guar., p. and i. V. 50, p. 771.
;
;
;
RR.—
Rutland
(See Map.)— Owns Bellow's Falls, Vt., to Burlington, Vt., 120 .wiles, and leases the Addison RR., Leicester Juno., Vt., to
Ticonderoga. N.Y., 16 miles; Ogoensburg & Lake Champlain Ry. (acquired in 1899), Ogdensburg to Rouse's Point, 118 miles; the RutlandCanadian RR. is building an extension from Rouse's Point to Burlington, Vt., 40 miles, to connect the lines, to be completed June, 1*00;
also branch, Alb urgh to Noyan Junction, Can., 3*2 miies, total 297*2
miles; also owns Rutland Transit Co., running steamers on the lakes
between Ogdensburg and Chicago, Milwaukee, Duluth, etc. V. 68, p.
978, 1026; V. 69, p. 132, 1007, 1301. System will furnish, when complete, a through line from the western ports of the great lakes to the
New England seaboard.— V. 68, p. 131. Leases Bennington & Rutland
RR., whose entire $1,000,000 stock was acquired in Feb., 1900, extending from Bennington to Rutland, Vt., 59 miles, affording an outlet to New York via the Fitohburg and the N. Y. Central. V. 70, p.
430, 687, 793.
Stock.—$3,000,000 of the preferred and $1,000,000 of the $2,480,600
common stock, par $100, was purchased in Oct., 1898, by P. W.
Clement, President of the Rutland RR.
Divid'nds > Year '90. '91. '92. '93. '94. '95. '96. '97. '98. '99. 1900
on pref. 5 P. C. 3
2
4
Jan.,1
Bonds.—The consolidated mortgage (trustee, U. 8. Trust Company
of N. Y.) is for $3,500,000, but of this $1,404,100 can be issued only
in payment of 1st 6s in 1902. V. 66, p. 1190. Rutland-Canadian
mortgage is for $1,350,000, of which $1,100,000 sold in July, 1899 (see
advt. in Chronicle of July 15); the balance is reserved for branches,
terminals, rolling stook, improvements, etc. In March, 1900, the Rutland TranBit made a mortgage for $1,000,000. V. 70, p. 483, 534.
General Finances.— In January, 1899, the Ogdensburg & Lake
Champlain RR. (which see) was purchased and its first mortgage 4s,
(present issue), $3,700,000, guaranteed. The Rutland-Canadian RR.
43 miles, to be completed in Fall of 1899, will shorten the distance
betweer Rouse's Point and Boston 16 miles. V. 69, p. 1007. The Addison RR. is leased for 99 years at 3 p. c. on the $500,000 stock, of
which the Rutland owns $429,600, the dividends received from which
being included in " other income."
Latest Earnings.— Gross earnings of system for 6 mos. ending Dec.
31, 1899, gross, $867,586; net, $393,897; in 1899, gross, $811,317;
net, $326,83*.
Report.— Report for year ending June 30, 1899, was in V. 69, p. 1007.
Year tnd. June 30, 1899.
Rutland RR. Og & L. Oh. RR.
Total.
Gross earnings
$803 520
$677,569
$1,481,089
Net earnings
382,665
183,555
566,220
Other income
45,051
6,024
51,075
44
Total income
Rentals and taxes
Bal. for int.
and div
..
...
614
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
42 122
$427,716
50,510
$189,579
22,930
$617,295
73,440
$377,206
$166,450
$543,855
4g.
3,500,000
1 ,100,000
255,700
Stocks— Last
Dividend.
Clinton, N.Y., by check Jan..*00.3i8%
N. Y., Or. Cent. Station. MaylS.'OO.l 1*
Sept. 1, 1910
do
do
a.
J. N. Y., Gr. Cent. Station. July 1, 1901
July 1, 1922
do
do
O.
July 1, 1915
A.
do
do
J.
Q.— F.
M.
J.
A.
F.
F.
A.
M.
M.
F.
M.
J.
J.
J.
M.
J.
N.
N.
A.
S.
Feb.
Apr.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A.
O.
May
May
May
1,
1,
1,
1,
1,
1915
1916
1918
1915
1915
Mar.30,'00,3ifl
July 1, 1922
July 1, 1916
Jan. l.'OO, 1%
Company's office.
N. Boston, Nat. Shaw. Bk. Nov. 1, 1902
July 1, 1941
Tr.
J. N. Y., U. S. Mort. &
J.
J.
J.
Philadelphia.
N. Y. Nat. Bank of Rep. July 1, 1948
Boston. Nat. Shaw. Bk. July 1, 1949
Q.-F.15 Troy, United Nat. B'nk. MaylS.'OO.l 1*
Sept. 1, 1931
M. & S.
1,000 As collateral
5 g.
100
500,000
1,000
600,000
5g. J. & J.
50
3,848,590
1,000
2,500,000
5 g M. & S
100
4,600,000 All stoe k in vot
100
5,497,600 3 in 1899 semi- an
100
3,430,000
1,000
3,500,000 2-3-4 g. J. & J.
1893
Peoria Ry.— Owns from Rock
$345,360
10,000,000
5
417,800
6
500,000
7
9,076,000
5
100,000
6
175,000
6
130,000
5 g.
375,000
5
350,000
7
400,000
5 g250,000
7
1,103,000
7
1,950,000
4
50,000
5 tc.
4,239,100 2 in 1899
1,404,100
6
4ia g.
2,035,900
1891
RR.—
Island
When Where Payable, and by
Outstanding Rate per Payable
Whom.
Cent.
1,000
1,000
River front Kit.-Junction with Phila. & Trenton RR., Lehigh
Ave., Kensington, to Dock St., Philadelphia, with branch; total 3*86
miles. Leased to Pennsylvania RR. for 50 yeats from May 1, 1«82;
rental now $28,000, 5 p. c. beiug guaranteed on stock.
Rochester 6c Genesee Valley
Owns from Avon to Rochester, N. Y., 18 miles. Leased July 1, 1871, in perpetuity, to Erie Railway
Bental, $34,012. James Braokett. President. Rochester, N. Y.
Rock
any error discovered In these Tables.
honds— PrinciINTEREST OR DIVIDEND.^
pal, When Dae.
1898
1899
<fi
Peoria,
Amount
LXX.
[Vol
J.
J.
J.
J.
Jan., '96, coup, last
pd
See text.
Boston, Comp'ys Office, Mch. 1. 1944
ing trust for period s tated in text.
N. Y., Central Trust Co. Jan.31,'00,2%
N. Y., Central Tr. Co.
Jan.
1,
1947
Total annual interest charge, entire system (inc. Rut.-Can.) for 18991900, $362,500; dividend at rate of 2 per cent per annum on Rutland
preferred stook calls for $84,782
Report for 1897-98 in V. 67, p. 952.
-(V. 69, p. 231, 1 007. 1301; V. 70, p. 382, 430, 481, 687, 792.)
Rutland
the Rensselaer
&
and
by Delaware
so operated
RR.— Owns
New York State line
1870. in perpetuity to
Saratoga RR. (rental $15,342—6 per cent— on stock)
Whitehall
6c
to Castleton, Vt., 7 miles.
Leased Feb.
from
1.
& Hudson.
Saginaw Tuscola & Huron.— Sold to PereMarq.RR. V.70,p.281.
St. Clair Madison 6c St. I<oui« Belt RR.— Projected to run
in St. Charles Co., Mo., to Belleville, 111., about 40 miles via
bridge across the Mississippi River at Alton, 111. In October, 1894, the
bridge and 2 miles of road were completed. The bridge is 2,100 feet
long and laid for double-track. Interest due July 1, 1896, not paid,
and on Jan. 15, 1897, J. F. Barnard made receiver. A reorganization committee has been appointed, but no plan to Oct., 1899. For
year 1898-99, gross, $53,846; net, $14,974. Treasurer, C. Hodgman,
300 No. Fourth St., St. Louis, Mo. V.64, p. 181.
from a point
St.
Johnsbury
6c
Lake Champlain RR.— Owns Lunenberg.
miles, and branch from
North Concord, Vt., to East Haven, 11 miles; total, 131 miles. The road
is operated independently although a majority of the stock is owned by
the Boston & Lowell, leased to Boston & Maine. In year 1898-9 gross,
$379,366; def. under operating, $7,505: deficit, $73,905.
St. Joseph 6c Grand Island Ry.— Line of Road— St. Joseph,
Mo., to Grand Island.Neb., 251 miles. Trackage. St. Joseph t© Gower,
Mo., over S. F., 30 mile3, and Gower to Kansas City, over K.. C. & Nor.
Conn., 29 miles total trackage, 59 miles.
History.—A reorganization Feb. 23, 1897 (per plan In V. 62, p.
Vt., to
Maquan Bay, on Lake Champlain, 120
;
784,950), of the St. J. & Grand Island Railroad, sold in foreclosure.
Stock.— A v oting trust will retain control for the first pref en ed stook
for five years, unless the first preferred stock pays full dividends for
three consecutive years, after which the control shall rest with the
first and second preferred stocks, and shall so continue for three years
thereafter, after which all stocks shall be entitled to equal vote. Voting trustees are F. P. Olcott, J. Kennedy Tod and Gordon Abbott.
Dividends.—On first preferred, in 1898, 5 p.c; in 1899, Jan., 2 p. 0.
Aug., 1 p. c; in 1900, Jan., 2 p. c.
Bonds.—The 1st mort. interest is 2 p. 0. till Jan. 1, 1899; then 3 p. o.
Bonds for $500,000 reserved
till Jan. 1, 1902 and thereafter 4 p. c.
for uses of new company cannot be issued to exceed $100,000 yearly,
and $1,000,000 can be sold only for new mileage at not exceeding
$6,000 per mile; trustee, Central Trust Co., N. Y. See application for
listing on N. Y. Stock Exchange in June, 1897, in V. 64, p. 1138.
The fixed annual charge, previously $420,000, will be for the first
two years from Jan., 1897 (including charge on $500,000 reserved
bonds), $80,000; following 3 years, $120,000; after 5 years, $160,000.
Latest Earnings.— 8 months ending Feb. 28:
Net.
Int., taxes, etc. Bal., sur.
Cross.
Year.
$214,56''
$144,561
$70,000
1899-0
..$945,549
136,696
52,700
843,219
189,196
1898-9
Annual Report.— Fiscal year ends June 30. Report for 1898-9
with bal. sheet in V. 69, p. 953, showed: Gross, $l,261,0b0; net, $348,409; interest, taxes, div., etc.. $339,181 balance, surplus, $9,228. In
1897-8, gross, $1,232,508; net, $481,830.
Officers.— President, William L. Bull; Treasurer. Henry Budge;
Sec'y, W. S. Wilson.— V. 68, p. 41, 1183; V. 69, p. 28, 181, 902, 953.
Owns South Bend,
St. Joseph South Bend 6c Southern
Ind., to St. Joseph, Mich., 39 miles. A reorganization of the Indiana
& Lake Michigan Ry., foreclosed and sold Deo. 8, 898. V. 67, p. 1263.
The new company took possession Mar. 1, 1899, V. 68, p. 473. Stock,
$500,000 common and $250,000 5 per cent preferred, to be held for
five years by Morgan G. Bulkeley, 8. C. Dunham and Colgate Hoyt, as
voting trustee. Leased to Indiana Dlinois & Iowa RR. for 50 years
from Feb. 23, 1900. No bonds. For 4 mos. ending June 30, 1899,
gross, $26,070; net, $4,337. For year ending Oct. 31, 1898 (old Co.),
gross, $70,558; deficit under operating, $1,255.— V. 70, p. 481.
St. Lawrence 6c Adirondack By.— From Malone, N. Y. (on
Mohawk & Malone) to Caughnawaga, 56 miles, connecting there with
the Canadian Paoiflo at its St. Lawrence River bridge for Montreal.
Stock, $1,300,000. For year ending June 30, 1899, gross, $169,339;
net, $90,573; other income,$765; charges, $83,412; bal., sur., $7,926.
President, W. Seward Webb. (V. 63, p. 30, 116.)
( See Map Mobile <& Ohio .)— Cairo to East
St. Louis 6c Cairo
In April,
8t. Louis and branoh, 161 miles. Stook was $6,500,000.
1900, the M. & O., was issuing its collateral trust 30-year 4 p. c. gold
bonds secured by Cairo stook, thirty shares of the stock being exchanged for $1,000 of the bonds, but the lease will be maintained. V.
70. p. 740. Rental for year 1898-9, $241,897. Dividends.—In '93-4.
(V. 70, p. 532.)
14 pre; '94-5, %; '95-6, \; '96-7, 2 3 '97-8, %.
;
RR.—
1
RR.—
;
St. Lou is Cape Girardeau 6c Fort
as Southern Missouri & Arkansas RR.
St. Louis Chicago 6c St. Paul
Peoria & St. Louis.
Smith Ry.— Reorganized
Ry.— Merged
in
Chioago
April,
1900. J
KA1LROAD STOCKS AND BONDS.
12»
INVESTOBS' SUPPLEMENT.
130
[Vol.
LXX.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount
When Where Payable and by Stocks— Last
Par
of
For explanation of column headings, &c, see notes of
Outstanding Bate per Payable
Cent.
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
Lawrence
St.
<£
Adirondack Ry.—Stook
$100
I
56
56
1896
1896
l.OuO
1,0(0
c
103
Louis <6 Hannibal— 1st mort., $600,000
20
Louis Kennett <£ Southern.—1st mort., gold...o*
25
o*
Pemiscot Div. IstM., gold, XJSt
20
o*
Kennett & Osceolo RR. IstM., gold, USt
St. Louis Merchants Br. Term.— 1st M., gu.p.&i.,g.c
Merch. Bridge 1st M. red.after Feb 1, 1909, at 1 10
St. Louis & San Francisco RR. —
1,402
Common stook, $29,000,000
1886
1,000
1,000
1,000
1,000
1st mortgage, $800,000, gold
o*
2d mortgage, $400,000, gold
St. Louis a Cairo— See Mobile & Ohio.
St.
8t.
1
,
1,402
1st preferred stook, 4 per cent, non-cum
2d pref. stock, 4 per cent, non-cum., $16,000,000 1,402
2d mort. (now 1st), A, gold) (Pacific to Seneca.c 294
294
> Mo., & branches, c*
Series B, gold
do
294
o*
294 miles.
)
do
Series C. gold
82
Mo. & W. Div. 1st M. g. ,$5,000 yearly dr.at 105 . .o*
104
8t. L. & San F. col. trust gold, sink, f d. not drawn c"
are
6s.e*
Gen. M., g. (1st on 365 m.) $7,807,000
o*
"57
Oollat. Tr. M. on br'ches ($20,000 p. m.) , gold ..
New Consol. mort., $50,000,000, gold, no option 1,402
Southwest Div. M. $1,500,000 red. at par, g.Cec* 112
Cent. IMv.lst M.,g.,$3,462,000,red.at 102VCo.c* 103
145
o*
8t.L.Wloh.&W. 1st M., red. at 105, gold
Ft. 8.<feV.B.BridgelstM.,g.,dr.atl05,guar.p.&i.c*
147
1st mort. on K. C. Os. & So., $3,300,000, gold...
106
Kansas City Division, $1 ,300,000, gold
St. L. Okla. & So., 1st M., gu., g., $22,000 per
,
.
m
.
Of which $1,113,125
in treasury,
$14,000 of
1897
1890 500 &0.
1,000
1889
100
100
100
100 &o.
1876
1876 500 &0.
1876 500 &C.
1.000
1879
1,000
1880
1,000
1881
1,000
1887
1,000
1896
1,000
1897
1,000
1899
1,000
1879
18R5
1,000
1900
1900
1900
w hich drawn
for
miles.
Hannibal to Uilmore,
, 85
Hannibal
St. IiOnls
Rail's Junction to Perry, Mo., 18 miles; total, 104 miles. Stock, authorized, $1,000,000; par, $100; outstanding, $462,000. There are
also $250,000 income bonds outstanding. Year ending June 30, 1899,
gross, $134,075; net, $15,473, against $18,751 in 1897-8; total deductions, $33,915; deficit. $18,442. Sec-Treas., M. T. Cox, 52 Wall St., N. Y.
East.—Acquired by 111 Cent.—V. 69, p 441, 696.
St. Louis Ind.
&
St.
St.
St.
tion.
Louis Iron ITIt. Jc South. Ry.—See Mo. Pac. Rv. System.
Louis Kansas & Colorado RR.—V. 69, p. 1301.
Louis Merchants' Bridge Terminal Ry.—Organiza-
- Double-track road from near Union Depot, via Main Street, Hall
Street, <fec, to Ferry Street, opposite the Merchants' Bridge, 7 miles. It
owns and controls the Madison 111. & St. L. Ry., connecting the town
of Madison and East St. Louis, 8 miles; total, 15 miles. Leases Merchants' Bridge for interest on the Bridge Company's $2,000,000 bonds.
Bonds— Both issues are subject to call after 20 years at 110 and in
terest. Stock authorized,$3,500,000; issued to July 1, 1899, $2,939,500:
par, $100. On Deo. 31, 1899, there was due to Terminal RR. of St. L.
$1 ,008,489 for advances under its guaranty. In Nov., 1893, Terminal
RR. Association of St. Louis acquired control of this company and
guaranteed by endorsement the principal and interest of its $3,500,000
first mort. bonds and the interest on the $2,000,000 Merchants' Bridge
The properties are operated jointly.
Earnings.—Year 1899, gross, $729,579; net over taxes and rentals,
$181,844; interest, $193,715; deficit, $11,871— (V. 62, p. 363.)
St. Louis & North Arkansas RR.—Seligman, Mo., connecting
with the St. Louis & San Francisco Ry., to Eureka Springe, Arfe., 18 *9
miles. Successor by purchase Feb. 1, 1900, to Eureka 8prings Ry. In
Feb., 1900, contract reported let for extenson to lead mines at Harrison. Ark., 110 miles, $3,21 2,500 new first mortgage 5 p. c. ftO or 100 year
fold bonds to be issued at $25,000 per mile, per plan V. 69. p. 645. The
500,000 old first 6s were offered an equal amount of the new 1st 5s,
the $500,000 incomes an equal amount of new capital stock at $2.K ,ooO per mile and the $500,000 old stock one new share for five old.
V. 69, p. 645. Stock, $1,250,000; par, $100. In year ending June 30,'«9,
firs* 6s.
1
gross, $58,653; net, $24,950.— V. 70, p. 281.
St. Louis
City Ry.— See St. Louis & San Fr. RR.
Nor. Ry.—Sold to Chicago & Alton syndicate.
St. Louis Peoria
(See Map. i— Embraces
San Francisco
St. Louis
Miles.
Lines owned
Began op. in 1898 (earns.
separate)St. Louis, Mo., to Paris, Tex. 584
Miles.
Monett, Mo., to Sapulpa, I.T. 157 Kan. City Osceola & So. June.
PierceCity,Mo.,toWichita,K. 217
Kan. City, to Bolivar, Mo... 147
208 Kansas Midland Ry.—
Branches to Bolivar, etc
Beaumont, Kan., to BlackWichita to Ellsworth, Kan. 106
79 Kan. City Sub. belt to K. C.
well. O. T
4
54
Cuba, Mo., to Salem. Mo
103
Sapulpa to Oklahoma City
& Oklahoma
&
&—
KIC—
380,000
135,000
150,000
70.000
3,500,000
2,000,000
:
5g.
6g.
J.
7
6
J.
A.
g.
F.
g.
A.
&
&
0.
&
&
A.
J.
N. Y., Cont'l Trust Co.
do
5
6
F.
.
1,
Oct.
1,
1,
1996
1996
1936
Louis, Mo.
1, 1921
do
1914
do
1917
O. N.Y.,F'rsL.&Tr.&8t.L. Oct. 1, 1930
A. N. Y. Farm. L. & Tr Co. Feb. 1, 1929
&
&
St.
,
Feb.
.
rust cer titicates.
&
J.
M.
M.
M.
M.
F.
F.
J.
Checks mailed.
do
Mercan.
do
do
do
A. N. Y., United States
<fe
J.
<fc
A.
J.
A.
A.
M.
a:
Jan. 6, '00, 2
Mar.3, '00,
J.
& S.
N. New York,
& N.
do
& N.
do
& A.
do
<fc
& O.
& J.
&0.
& O.
& S.
& o.
M.
<fe
N.
A.
&
O.
4g.
(D
July
do
In default.
J.
6g. A. & O.
6g. J. & D.
26,339,405 Voting t
5,000,000 4 in 1899
14,276,947 2 in 1899
500,000
6 g2,691,000
6g.
2,400,000
6g.
1,020,000
6 I.
951,000
6 g
20,099,000 5& 6g.
1,099,000
5g.
a7,501,125
4g.
1,500,000
5g.
1,962,000
4 g2,000,000
6g.
b289.000
6 <f.
aDt 3,000000 Text.
8ee text.
4 g.
pay ment on Oct
Md
Ry.—
&
1891
1894
$1,300,000
800,000
400,000
Nov. 1, 1906
Nov. 1, 1906
Nov. 1, 1906
Aug. 1, 1919
Tr. Aug. 1, 1920
N. Y., Mercantile Trust. July 1, 1931
N. Y., Union Trust Co. Oct. 1, 1987
N. Y, Mercantile Trust. July 1, 1996
do
do
Oct. 1, 1947
do
do
Apr. 1, 1929
N. Y., Mercantile Trust. Sept. 1, 1919
do
Apr. 1, 1910
do
New York.
Nov. 1, 1920
do
do
1950
Tr.
1900
The new company reserves the right at any time to redeem
either or both classes of its preferred stock at par in cash. Provisions
of the voting trust and preferred stock certificates were given in Supplement of April, 1897, page 6.
Dividends—
1897.
2 p. ot.
1898.
189".
4p.ct.
1900.
Jan., 2%
2 p. ct.
Second preferrred
Mar., 1%
Bonds—The consolidated mortgage (trustees, Mercantile Trust Co.,
N. Y., and Paschal P. Carr, of St. Louis) for $50,000,000 (abstract in
V. 64, p. 186,) is secured upon all properties and securities embraced
in the reorganization and also all other property hereafter acquired by
use of any of the new bonds. Enough new bonds at the rate of
80 per cent (approximately $39,072,000) are reserved for retirement
of all outstanding undisturbed issues, and the remainder for betterments, equipment, etc, at not over $300,000 yearly. (V. 64, p. 182.)
Southwestern Division bonds are secured on the 112 miles old Central
Division of Atlantic & Pacific purchased in Dec, 1897.— V. 66, p. 83.
Of the $3,462,000 Central Division 4s, $1,962,000 were issued to
purchase the former St. Louis & Oklahoma City RR., 103 miles, on
w hich the bonds are a first purchase money lien at $19,000 per mile;
upon the retirement of the Southwestern Division 5s, for which the
remaining $1,500,000 are reserved, the 4s will become a first lien on
112 miles additional.— V. 68, p 573 V, 69, p. 334.
As to loans of 1900 see organization above.
General Finances.— As to new acquisitions in 1900 see "organization" above. In Nov., 1899, no floating debt. Car trusts Nov. 30,
First pref erred
4
p. ct.
1 p. ct.
;
1899, $175,144.
Earnings.— 8 months,
) 1899-0... Gross, $5,413,360;
net, $2,269,187
July 1 to Feb. 28. 5 1898-9. ..Gross, 4,833,082; net, 1,924,204
For6mos. ending Dec. 31, 1899, net $1,8' 2,534, against $1,534,444
in 1898; other income, $30, 294; charges, $1,221,091; sur., $611,737.
against $413,830; div. on 1st pref., $100,000, and 1 per cent paid
March 1, If 00, on the second preferred, $142,7*0.
Annual Report.—Third annual report of reorganized company was
given at length in V. 69, p. 792. 803.
Gross earnings
Netearnings
Total net income
Payments— interest
Taxes.
Miscellaneous
Div. on 1st pref
Div.
on 2d pref
Balance, surplus
1898-99.
$7,226,662
2,8*5,471
2,962,632
2,130,517
207,976
1897-98.
1896-97.
(4%)200,000
(1%)160.000
$6,986,467
2.S56.358
2,926,118
2,037.997
188,404
13,272
(4%)200,000
160,000
(1)
$5,993,336
2,509,708
2,516,774
1,994,524
171,257
19,926
(2%)lOO,O0O
$224,800
$326,445
$231,067
39.3-19
Officers— D. B. Robinson, President; B. F. Yoakum, Vice-President
and General Manager; Frank H. Hamilton, Secretary and Treasurer.
. .
Total owned Dec. 1,1899 .1,402
1.6fS9
Total system (of which 1,402 m. in 1899, earnings below)
Organization—Organized June 30, 1896, to succeed to the property
and franchises of the Railway company sold in foreclosure and reorper plan ia V. 62, p. 829 and 1140 see also p. 742. Central Division
of AtL & Pao., 112 miles, was purchased in July, 1897.— V. 65 p. 150.
The Kansas City Suburban Belt, terminal affords an entrance into
Kansas City. The St. Louis & Oklahoma City Ry. Co.. Sapulpa, Ind.
Ter., to Oklahoma City, 103 miles, was purchased in 1899, formal
possession being taken on Maroh28— V. 68, p. 332, 674.
In Feb., 1900, it had been arranged to build the St. Louis Oklahoma
& Southern Ry. as an extension fiom Sapulpo, Ind. Ter., to Sherman
and Denison, Tex., 200 miles, the entire stock to be owned by the St.
L. & S. F. and its 4 per cent bonds to be guaranteed. V. 70, p. 231.
In Mar., 1900, the purchase of the Kansas City Osceola <fe Southern
Ry., Kansas City to Bolivar, Mo., 147 miles, was authorized, the St. L.
& 8. F. to issue $3,300,000 divisional mortgage bonds, of which $3004)00 will be reserved for future requirements. Of the $3,000,000
bonds, $2,324,000 will eventually be 4 per cents and $976,000 3 per
cents, but for the first four years interest will be scaled. About
$300,000 will be reserved for improvements. V. 7©, p. 532.
In Apr.. 1900, arrangements had been made with the Kansas Midland bondholders' committee to purchase the road for $1,100,000
Kansas Midland Division 1 st mortgage 4 per cent bonds and $965,000
common stock, $200,000 of the bonds to be reserved for improvements
on the division. V. 70, p. 740.
Stock and Voting Trdst.—As protection to the new mortgage
bonds, all classes of stock (except shares to qualify directors) are
vested in the following voting trustees: John A Stewart, Louis Fitzgerald, J. Kennedy Tod, Isaac N. Seligman. Benjamin P. Cheney, Samuel C. Eastman and James A. Blair, to be held by them and their
successors jointly for five years, and for such further period (if any)
as shall elapse before the first preferred stook shall have received a 4
per oent cash dividend for two consecutive years, although the voting
trustees may, in their discretion, deliver the stock at any earlier date,
but not in any event prio r to Jan. 1, 1902, save with the consent of
the holders of at least two-thirds in amount of the beneflcal interest
certificates of each class. Voting trust is dated July 1, 1896,
—
Directors— (Nov., '99) J. K. Tod. Isaac N. Seligman, J. A. Blair, E. C.
Henderson. Fred'k Strauss. Henry Marquand, of New York; Benj. P.
Cheney, Richard Olney, of Boston. Mass.; Samuel C. Eastman, Concord,
N. H.; Geo. A. Madill, Richard C. Kerens, Daniel B. Robinson, St. Louis;
Henry K. McHarg, Stamford, Ct.— V. 70, p. 231, 532, 687.
St.
Louis Slloam & Southern RR.—See V.
Louis Southwestern Ry. — {See Map.)
63, p. 30.
—
Bird's Point
St.
Mo., opposite Cairo, m., to Texarkana, Tex., 418 miles, and thence by
the Texas road to Gatesville, 305 miles; total, main line. 723 miles;
branches, Mt. Pleasant to Sherman, 110 miles; Tyler to Lufkin,
88 miles; Corsicana to Hillsboro, Tex., 40 miles; Commerce to
Fort Worth, 97 miles; Lewisville. Ark., to Shreveport, La., 60 miles;
Altheimer to Little Rook, Ark., 42 miles; Maiden, Mo., to Delta, 51
miles; Gray's Point Terminal Ry. (entire stock owned), Delta to Gray's
Pt.. Mo. 16 miles, completed in Oct., 1898; trackage rights to Cape
Girardeau, 15 miles, Wylie. Tex., to Dallas, and Wolfe City to Sherman; 'other 6 miles; in all, 25 miles; total, July, 1899, 1,258 miles.
Organization.—Reorganization per plan in V. 50, p. 141, 561 of St.
Louis Arkansas & Texas, sold in foreclosure in October, 1890. Consists
of two corporations— the St. Louis Southwestern Railway Co., and the
St. Louis Southwestern Railway Co. of Texas.— V. 69, p. 646.
Stock.— Stock issued, common, $10,500,000; pref., 5 p. o. non-cum.,
$20,000,000, of which in treasury June 30, 1899, common, $143,900;
preferred, $106,350. Par of shires, $100.
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, and the second mortgage certificates against second mortgage bonds at $8,250 per mile. First interest payment on 2d mortgage incomes. 2 p c, made July 1. 1899; 1 678
p. c. paid Jan. 2, 1900; 2-322 p. c. declared in Apr., 1900, making 4
V. 70 p. 6-7.
p. o. for 1899.
Gray's Point Terminal Ry. was completed in Oct., 1898, from Delta
to Gray's Point. 16 miles; its $339,000 of bonds at $15,000 per mile
are guaranteed by the St. L. Southw., principal and interest. Form of
guaranty in V. 69, p. 1062. St. L. So. W. owns all capital stock and
This extension gives
leases the road for fifty years. (V. 65. p. 413.)
a through line via Chicago & Eastern Illinois to Galveston, Tex.
#
April,
J900.J
KAlLROAD STOCKS AtfD
J3UJSIDS.
131
i?2
ENTESTORS'
SUPPLEMENT.
[Vol.
LXX.
April, 1900
KA1LROAD STOCKS AKD BONDS.
]
133
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
RAILROADS.
Date
Miles
For explanation of column headings,
on first page of tables.
Louis Southtc.—X»t M.
Si.
ctfs.,
,
Size, or
Amount
I
<fcc,
see notes
of
Par
of
Outstanding
Road. Bonds Value.
$16,500
p.
pal,
When Where
Rate per
Payable
Cent.
M. A N.N. Y., Central Trust Co.
Jan.,'00, N. Y., Merc. Trust Co.
1989
1989
Various ,N. V., Central Trust Co
To 1904
J. A D. N. Y., Cent. Tr. & St. I.. Dec. 1, 1947
N. Y., Of., 32 Nassau St. July 5. 1887
M.
do
do
Mar. 1, 00,3 ht%
F.
do
Aug. 1, 1931
do
A.
do
do
Oct. 1, 1917
J.
do
do
Jan. 1, 1914
do
Sept. 1, 1916
do
If.
J.
do
Deo. 1, 1900
do
J.
do
do
June 1, 1968
do
do
To 1909
J. A J. Offlce,C.&N.W.,52 Wall. Jan, 1, 1913
1890
$1,000 $20,000,000
1891 500 <fec.
9,000,000 1-678 in
6
1891 various
500,675
3-!9,000
16 1897
5g.
1,000
100
4,660,207
in
1899
3,895.032 7
100
167 1881
5
1,000
1,000,000
167 1HS7
5
1,000
2,000,000
21 1884
210,000
6
1,000
25 1886
500,000
5
1,000
7
12 1870 500 Ac.
209.500
4 g.
226 1898
1.000,000
1,000
98-'99
370,373 413&5
"56 1883
1,000
1,120,000
6g.
m., g.c* 1,222
2dM. 4% incomes, $10.000,000,non-cum.,gold.c* 1,222
Car trusts J line 30,
1 899
Gray's Pt. Term'l,lstM.,gu.,p.Ai.e.g.,S.St...cA*r
Paul <£ Duluth Common stock
Pref. 7 per cent stock and scrip subj. to call at par
—
St.
mortgage
2d mortgage
1st
c*
o
Taylor's Falls & Lake Sup., 1st M. s. f not dr
o
Duluth Short L. IstM, p.<fei.,s.f. not dr'n
c*
Stillwater & St. Paul 1st mortgage, gold
Consolidated mort., $5,000,000, g
«-.c*
Car trusts, includ. interest, see text, Jan., 1900
.
Paul Eastern <£ Or. Trunk- lstM.,g .int. gu.o
Paul Minn. <t Manitoba— See Great Northern
Paul <& No. Pacific— See No. Pacific RB.
Salt Lake <t Los Angeles— 1st mortgage (text).g..c
St.
St.
St.
San A ntonio
<k
15
A ransas Pass — Stock
1st M. for $21,600,000
A
1893
100
(end.).c*<fer
687
1893
Equipment trust notes July 1, 1899
San Diego Ouyamaca <6 East'n Ry. — 1st mort., gold
"22
1888
1894
1894
1889
1898
Hanford
Do
g.,
guar.
p.
i.
Pburg— 1st M.„g.notguar
guar. p. & 1., end. 8. F. A W.
<6 St.
San Francisco
PP
PP
No. Pacific—-1st M., gold.lTIe.o'Ar
165
M, $2,000,000, g., gu.p.&i.,s.f.
60
Of which $761,250 in treasury.
z $1,000, 000.
<k
Cal. Northw., 1st
a
General FiNAWEB.-In Feb
1,000
1,000
500AC
,
sold for
Netearnings
$1,653,250 $1,106,004
(71-80)
(7905)
1,737,7'8 $1,114,911
131,0'i7
Taxes
133,495
Int. on IstM. bonds....
800,000
800,000
Int. on2dM. bondi....
180,000
....
Rentals, eto
44.536
26,613
P. 0. op. ex. to earns...
Tot. net, lnol. other in«.
Balance
sur.$579,677sr.$157,291
$891,242
121,485
800,000
$772,114
(8426)
$782,192
128,552
800,000
32,944
31,490
df. $63,189
di.$177,850
$887,658
(81-29)
Edwin Gould.- (V. 70, p. 532, 687.)
Loula Vandalla 6c Terre Haute RR.- (See Map
President,
St.
Oincin. Ohic.
Pittsb.
L.)— East St. Louis to Indiana State line. 158 miles.
Capital Stock.— Stock, $2,379,358 common and $1,544,700 of 7
per cent cumulative pref.
par $100. The Terre Haute A Indianapolis owns $326,000 preferred and $500,000 common stock, the Pennsylvania RR. $837,000 preferred, and the Pennsylvania Co., Dec,
189*, 1,350.000 oommon and $381,700 preferred. Dividends paid on
pref stock 1891-1899, both inclusive, aggregated 70 per cent. (See
<6 St.
;
BUP. of Jan., 1900
Bonds.—The first mortgage bonds due Jan. 1, 1897 ($1,896,000),
were purchased at maturity by the Pennsylvania RR. Co. V. 64, p.
420. The $2,600,000 second mortgage bonds were purchased May 1,
1898, by Pennsylvania Company. V. 66, p. 761, 811
V. 68, p. 477.
Annual Report.— Report for year 1897-8 in V. 68, p. 667, showed:
;
Yr.end.Oct.31.
1899
1898
Gross.
Oper'gexp's.
J.
A
J.
&
J.
J.
Salt
N. Y.,
Lake
City.
Cent Trust
Co.
In default.
Philadelphia, Pa.
1,000
1,000 None Mar'00
1899, $1,000,000 additional 4 per
improvements and betterments,
making total lifted $9,000,000, and all the floating debt paid off.
Interest payments on 2d M. were begun in 1899.
Earnings.— 8 mos., > 1899-0
Gross, $4,175,455; net, $1,559,469
July 1 to Feb. 28. {1898-9
Gross, 4,129,275; net, 1,359,520
Annual Report.— Annual meeting is held at St. Louis, Mo., on the
first Tuesday in October.
Report for 1 898-99 was in V. 69, p. 793.
rear ending June 30— 1899.
1898.
1897.
1896.
Gross earnings
$5,862,338 $5,279,332 $4,743,546 $4,904,489
Operating expenses... 4,209,088 4,173,328
3,855,888 4,132,375
cent income certificates
6g.
300,000
5,000,000
18,90' ,000
40,609
550,000
375,000
300,000
4.038.000
5
When Dne.
Payable, and by Stocks— Last
Whom.
Dividend.
Nov.
Nov.
1.
Jan.
1,
1913
Jan"
1,"
1943
July
1.
1,
1,
1,
1,
1918
1924
1924
1919
1928
1
Jan.
Jan.
N.Y.,46Wall,A Fr'nk'frt Jan.
O. San Fran. A New York. Apr.
g.
5 g.
48,021 acres for $202,512, and gross cash receipts were $208,525 (of
which $37,229 from stumpage); net Income, $167,467.
Latest Earnings.— 8 mos., \ 1899-f>.Gross, $1,336,105; net, $485,842
July 1 to Feb. 28.
1,238,299; net, 393,214
5 1898-9.Gross,
Annual Report.— Fiscal year ends June 30. Annual meeting at St.
Paul seoond Thursday in Oct. Report for 1898-99 in V. 69, p. 903.
1898.
1897.
1896.
Tear end. June 30— 1899.
$1,802,330 $1,648,635 $1,564,104 $1,587,863
Gross earnings
1,221,995
1,203,051
1,280,524
Op. expen. and taxes. 1,239,863
Netearnings
Net income from RR.
do
do
lands.
Rentals paid
Interest on bonds
$562,467
$594,940
167,467
134.V83
169,444
$426,640
$462,238
157,001
135,164
150,000
864
810
Miscellaneous
$361,053
$420,946
104,418
134,558
150.000
14,604
$307,339
$385,439
242,483
130,819
150,000
53,523
Bal. over charges.. $4=i7,815
$226,197
$333,265
$293,580
Dividends on pref...(7)$286,796 $(7)335,307 (5)$239,505 f5)$239,505
-(V. 6S p. 475; V. 69. p. 334, 696, 903, 1347; V. 70, p. 126.)
St. Paul Eastern Grand Trunk Ry.— 'See. Map Chicago dk
N. W.)— Owns from Oconto to Clintonville, Wis.. 56 miles. Leased
Oot. 30, 1884, lor 99 years to Milwaukee Lake Shore A WesternRental 30 per oent of gross earnings, interest ou bonds being guaranteed.
Lease acquired Aug. 16, 1893. by Chicago A North Western
through purchase of Milwaukee Lake Shore A Western.
St. Paul 6c Northern Pacific Ry.— Merged in Nor. Pac RR.
Salt Lake 6c Los Angeles RR.— Road from Salt Lake to Saltair Beaoh, Utah, 15 miles, standard gauge see V. 65, p. 824. Stook
$150,000. In 1898 $300,000 first 6s were outstanding. For year ending
June 30, 1899, gross, $39,190; net, $10,712,against $16,770 in 1897*98;
other income, $6,662; oharges, *20,47".— V. 65, p. 824.
San Antonio 6c Ar insas Pass Ry.— Owns from Kerrville to
Houston, 308 miles; Kenedy to Corpus Christi, Tex., 90 miles Yoakum to Waco, 171 miles Skidmore to Alice, 43 miles, ShineT to Lookhart, 54 m.; branch, 21 m.; total, 687 m all 50-lb. steel.
History.— Reorganized without foreclosure sale in 1893, management passing to 80. Pac, which owns $2,000,000 stock.
Bonds.— Mortgage is for $21,600,000 (trustee, Central Trust Co.)
and the 80. Paciflo Co. by endorsement on each bond guarantees unconditionally •' 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, equipped.
8ee full abstract of mort. in V. 56,
p. 540. Southern Pacific Co. June 30. 189:), $1,560,866; oar trusts,
$40,609. Listed on N. Y. 8tock Ex. to Mtr.. 1900, $18,892,000.
Latest Earnings-8 mos. > 1899-0.. Gross, $1,578,257 net, $474,717
July 1 to Feb. 28.
1.48-.902; net, 478,285
$ 1898-9.. Gross,
Annual Report.— Fiscal year changed in 1897 to end June 30. Report for year to June 30, 1899, was in V. '
p. 477, i-howing, gross,
$2,046,781; net, $455,661; oth. income, $29.Oi>0; interest on bonds,
etc., $850,484; taxes, $64,173; balance, leflcit for year, $429,994. Da
1897-98, gross, $2,021,835, net, $514,430. (V. 70, p. 47 7.)
San Antonio 6c Gulf RR.— San Antonio to Stockdale, 37 miles.
8ucoessor in April, 1897, to San Antonio A Gulf Shore Ry. Capital
Btook authorized, $1,000,000, issued Oct 18^8, $32,000. In Oct., 1898,
was owned by a syndioate, few bonds had been issued, and there was
no floating debt. The Texas RR. Commission has approved the issue
of $250,000 bonds. For year ending June 30, 1899, gross. $40,085;
net. $14928; deductious, $/,939; bal., sur., $11,989.
President,
George W. Breckinridge; Secretary and Treas.. John A. Fraser, San
Antonio. Tex.— V. 64, p. 708; V. 69, p. 591.
Sandusky Iflansfleld 6c Newark RR.— See B. A O. statement
—
;
;
,
Net.
Rental.
$1,829,221
1,708,639
$1,280,159
$549,062
$548,766
1,220,833
487,806
512,592
The payments from income of $555,838 in 1899 were: Taxes, $65,304; Interest. $179,8 10; car trusts, etc., $70,1 8; balance, surplus,
#240,-60.
Loss to lessee in 1895-96, $297,280; loss in 1896-97, $192,565 loss in 1897-98, $24,785; profit in 1898-9, $296.— (V. ,70 p. 629.)
St. Paul A Duluth
Owned St. Paul, Minn., to Duluth, Minn.,
155 miles (less 9 miles not oper.); branches, 29 miles; merged by consolidation in 1899; Stillwater & St. Paul RR., 13 miles; Taylor's Falls
A Lake Superior, 20 miles; Duluth Short Line, Thomson to West
Superior, 18 miles leased, 19 miles; total, 245 miles. Seoond track.
17 miles. Between Carlton and Duluth, 24 miles, road is owned
jointly with the Nor. Paoiflo, but the 14 miles between Thomson and
West End are little used, the Duluth Short Line affording the St. P.
& D. access to Duluth. Uses Minn. A St. L. terminals at Minneapolis.
History.—Sold In foreclosure May 1, 1877, and reorganized.
Syndicate.—In Dec, 18 9, a syndicate of $7,000,000. represented
by Clarence S. Day, had put chased at $50 per sh,tre a majority of the
common stock and ottered to purchase the minority st <-k at the same
price, under apian giving the stockholders the rut lit to subscribe to
the syndicate to the extent of 60 p*r ent of the par value of the stock
sold. The plan is to purchase all f the company's lands and caioel
the preferred sock and arrange a readjustment of the securities of the
company. Time to deposit expired Jan. 31, 1900.- V. 69, p. 1347.
Capital Stock..— From the earnings of the railroad the preferred
stock has a prior right to 7 per cent yearly, then oommon to 6 per
cent, any surplus going to retirement of preferred. The preferred
stock is also received in payment for lands at par, and is entitled to
raoeive from land sales auy part of its 7 per oent dividend yearly for
which railroad earnings do not suttioe. Theprefeired is subjeot to
call at par for redemption with land sales, after drawing by lot, if not
Surokasable below par in the open market, the sums applied to its rceiuption and retirement being as follows: Ln 1891, $182,000 1892,
$226,000; 1893, $165,000; 1898, $691,300; 1899. $204,500.-V. 69, p
696. Three shares of oommon stock have one vote and eaoh share of
preferred has one vote. The $690,776 due land and stumpage fund was
applied in 1898, to reduction of pref. stock— V. 67, p. 1309?
Dividends.— ) 1884. '85'88. '89. '90. '91-3. '94-7. '98. '99
'00
On pref.— p.o. $ 13i* 7 yr'ly. 5^ 61* 7 yr'ly. 5 yr'lv. 7 7 Mar.,3»«
On oommon— In 1887 3 and 15 In oommon stock 1 And 7 ° stock
Bonus.—The consolidated mortgage of 18981s limited to $5,000.0i>0,
of which $1,000,000 were sold in Jan., 1899, and $690,776 each restored to land and stuinpaae fund, leaving $4,000,000 to complete
automatic) 00 iplers and »ir brakes and retire main and branch line
bonds.- V. b9, p. 903. Oar trust 5s mature monthly to 1903 and car
trust 4>a9 semi-annually to 1909. V 69, p. 909.
Lands.— The oompany has a land grant, of whioh 953,592 aores re
mained unsold June 30, 1899, aud 57,952 aores of the Taylor's Falls
branoh grant, In year 1898-99 sales from company's grant were
;
KR.—
;
<
;
;
.
and
V. 69, p. 743, 851.
(V. 69, p. 743. 851; V. 70, p. 77.)
6c 't. Petersburg
West.)
(See Mn/t Sar. Flor.
—From San ford, Fla., to St. Petersburg, 153 miles. Formerly Orange
Belt Railway, which was sold at foreclosure in March, 1893. Stock is
$600,000 par, $100. First mortgage is for $1,000,000 of 4 p. 0. bonds.
Interest reduced from 5 p. c, of which $675,000 have been issued, and
of these $300,000 are guaranteed principal and interest by end. o?
the Savannah Florida A Western (see oopv of guaranty in V. 64, p.
843.) The balance of the loan unissued ($325,00
Jan. 1. 1899) is
deposited with the Metropolitan Trust Co., New York, for improving,
equipping and brnad-gauging the road.
For year 1898-99, gross,
Nanford
£
Ry.—
;
.
$79, >26; deficit under operating. $48,560; other income, $37,870; deductions, $55,282; deficit, $65,972.— V. 64, p. 888.
San Francisco 6c North Pacific Ry.— Point Tiburon, Cal., to
Uklah. Cal., 106 miles, and branches, 59 miles. Consolidation of March
Has steamer connection (6 ruilesi with San Francisco.
19, '889.
Leased to the California A Northwestern Rv Incorporated in March,
1898. The S. F. A N. P. guarantees (2,000,000 Cal & Nor. 5 per cent
bonds, to be issued at $2.>,o00 per mile. V. 67, p. 370. 688, 788. Stock
issued, $6,000 00 i; par of shares. $100.
Bonds —Issued at $25,000 per mile; sinking fund. $25,000 yearly,
bonds drawn at 110 and interest. fMorteace abstract V. 49. p. 241.]
Stock reported in Nov 18<»8. owned by President A. W. Foster,
Director Geo. A. Newhall and others. V. 67. p. 1 11.
,
.
1
134
JNYESTORS' SUPPLEMENT.
fVor. LXX.
April,
KAliutUAD STOCKS
1900.
ANu BONDS.
135
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
bonds— PrinciINTEREST OR DIVIDENDS
RAILROADS.
Miles
Date
Size, or
of
of
Par
explanation of column headings, &c, see notes
Road, Bonds
on first page of tables.
374
70
198
198
M.,g.,call aftl915.IWe.o
Or. Canyon— lBtU., $1,500,000, g., s.f.IBc
Santa FtPrtn.dk /7weni:E-l8tM..$5,000,000,g.OTe.o*
«'e
2d
gold, (Cent. Tr. beneficial certfs.)
Prescott & East., ltt M., $375,000, p. & i. gu.Ce
Saranac <& Lakt Placid— let M., $120,000,g.,Ce.C
8.Fr.
3. Fe
dtSanJoaq.Yal.— 1st
<t
M
,
26ia
10
10
2d mortgage, $24,000
Saratoga <6 Schenectady- Stock (rental guarant'd)
Sault Ste. Marie Bridge— 1st M., g.,s.f.,dr'n at 110 c
Savannah Florida
8av. Fla.
do
Sav
<6
A W., 1st (consol.)M.. $6,500,OOO.g.c*<fcr
(V. 64, p. 1228) int. red. to 5 p. etc
& W. consol. M. ($20,000,000) gold...c*
do
Fla.
John's River IMv., IstM., $1,500,000, g....o*
Guaranteed Loans.
Brunswick & W. 1st M. Bruns. to Albany, g, gu.o*
Income bonds, non-cumulative
Ala. Midland, lstmort., guar. p. <fe i., end. g..xc
c*
Silver Springs O. & G., 1st M., int. guar g
Florida So. 1st M., $5,000,000,g., gu., 4% aft. '99
St.
,
San ford
& St.
—
Petersb., 1st mort., g., guar., end..
1st mort.. interest guar..
Schuylkill <6 Lehigh— 1st M., guar, by Read'g Co...
Schuylkill Valley Navigation <& RR.— Stock
^Seaboard Air Line Ry.— Stock, com., $37,500,000..
Preferred stock, 4 p. c, non-rum., $25,000,000..
New mort, $75,000,000, gold -V. 70, p. 793
Schenectady
<&
1H
— Stock
Western
Duantsb.
—
•
545
819
130
Amount
Outstanding
Value.
When
Rate per
Cent
:
,
1888 >00 <feo,
1888
1,000
175 1888
1,000
74 1888
1,000
1895
1,000
1894
14 1874 100 &c.
43 1898
1,000
50
100
100
1900
171
3,000,000
3,000,000
2,800,000
1,120,000
4,241,000
J.
5
M.
g.
4
J.
J.
J.
4g.
4
6
4
5
11300,000
500,000
600,000
576,050
See text.
See text.
See text.
g.
M.
M.
J.
11
*
81 -'94
267
1898
<fe
<fe
&
&
6
4g.
do
1.
1,
1913
1913
July
I
do
1,
J.
3^%
1937
Jan. 15,'99, 2%
Apr. 1, 193*
Apr. 1, 1934
May
1,
1,
1943
1934
Jan. 1, 1938
Irredeemable.
Nov.
July
Jan.
Jan.
1,
1,
1,
1,
1,
1,
1928
1918
1945
1924
1924
1948
8. N. Y., 21 Cortlandt St.
Sept.
N. Phila.,Phil. & Read.RR. May
J. Phila., Read'g Tenn'l. Jan. 13,'00,2»9
New
J.
J.
May
May
Jan., '00,
paid.
N. N. Y.,Metropol. Tr. Co.
N.
Y.,
12
W.
23d St.
J.
New York City.
J
<fe
1940
1918
1942
1943
July
4g.
115,233
2,847,000
1,000
1,000
&
&
July
1,
1,
1,
I,
Sept.
St
do
do
Troy, United Nat'l Bk.
N. Y., Nat'l City Bank.
N. Y., Oft.. 12 W. 23d St.
N. Y.,
do
<fe Savan.
do
do
do
do
J.
<fe
Oct
Jan.
None
*Old Loans.
Carolina Central old bonds, non-assented
1st consol. M., $3,000,000, gold, gu. p.& i. end. F
N. Y. and 8an. Fran.
Boston, Int'l Trust Co.
N. Y. Meftile Tr. Co.
N. Y., 21 Cortlandt
Due.
Slocks— Last
Dividend.
Whom.
Payable
$6,000,000
5 g. A. & O.
5 g. J. <fe J.
1 ,000,000
4,940,000
5 g. M. & 8.
2,964,000
5g. J. & J.
375,000
120,000 5 (6) g. M. &. N.
M. & N.
5
24,000
450,000 7 per an. J. & J.
900,000
5 g. J. & J.
9,432,900 2 Jan.'99 Jan.
4,056,000
« % A. & O.
2,444,000
5 g. i. <fe O.
7.086,000
5 g. M. & N.
4g. J. & J
1,350,000
1896 $1,000
1898
1,000
1892
1,000
1893
1898
1893
1,000
1896
500
100
1887
1,000
100
1,000
5 1884
1,000
I 1884
1893
1.000
1899
1,000
pal, When
Where Payable, and by
&
&
J.
J.
1950
York.
N.Y., Farm. L.
& T.
1920
Co.
Jan.
1,
1949
Note.—There are $375,000 additional 4 s unguaranteed.
Excluding some amounts acquired by the Willi ams Isyndic ate and to be deposit ed under new con polidatPd mortgage.
Latest Earnings— 9 mos.
5 1899-0.. Gross, $707,900; ret, $257,209
Mar. 31.
684,755; net, 263,085
1 1898-9. Gross,
Annual Report.— Report for 1897-98, in V. 67, p. 1354, showed,
gross, $839,963; net, $3<»9.783; charges. $228,048; bal.. surplus, $81,735. In 1898-99 grojs, $921,015; net, $346,736. (V. 69, p. 181.)
San Francisco
San Joaquin Valley Ry.— Owns Stockton
Cal., there connecting by water with San Francisco, southerly to
Bakersfield, 235 miles: also loop line from Fresno through Visalia and
Tulare to Corcoran Junction, 69 miles; also. Stockton to Point Richmond, on San Francisco Bay, opposite San Francisco, 70 miles; completed in Apr., 1900. V. 67, p. 842; V. 69, p 649; V. 70 p. 738. 817.
In Dec, 1898, the Atch. T. & S. P. acquired practically all of the
etock, and will use the line as a part of its through system from San
Francisco to the East. V. 67, p. 1261. See V. 67. p. 841; V. 69, p.
July
1 to
&
128, 649.
Securities.— Stock $6,000,000; issued to October, 1898, $2,474,800.
Bonds may be drawn at 110. Earnings— For year ending June
30, 1899 (line partially completed), gross, $408,705; net, $26,152.
—(V. 65, p. 621; V. 67, p. 635, 841, 1261; V. 69, p. 128.
San Pete Valley Ry.—Npphi, Utah, to Morrison, 51 miles; Quarry
Branch (opened Aug., 1899), Nephi to Cooper, Utah, 5 miles; total, 56
miles. Stock. $510,000; par of shares, $100. Bonds. $565,000 1st
gold 4s, dated 1894, due 1923, interest J-J, and $250,000 2d mort 4s
dated June 1, 1895, due 19M, interest J-J, Farmers' Loan & Trust Co.'
New York, Trustee. Theo. Bruback, Gen. Mgr., Salt Lake City, Utah/
Santa Fe & Grand Canyon RR.— To extend from Williams,
Ariz., at a connection with the Atch. Top. & Santa Fe, to rim of Grand
Canyon, 70 miles, of which Williams to Anita Camp, where large copper mines have been developed, 50-42 miles was operated in Mar.,
1900, and remaining 19 miles expectedio be operated by June 1, 1900.
Also projected further 40 miles to coal fields. Stock, $2,000,000, all
outstanding; par of shares, $100. Bonds have s'nking f and of 2 per
cent of gross earnings yearly. President, L W. Goode. 11 Broadway,
N. Y.; Sec, Waite B. Gilbert; Treas., R. L. Thomae. (V. 70, p. 329.)
Santa Fe Prescott & Phoenix Ry.— Owns Ash Fork en Santa
Fe
Pacifio (Atchison system), via Prescott to Phoenix, Arizona,
198 miles; opened in March, 1895. Prescott Jc. to Mayer, Ariz., 2«4
m. built under charter of Prescott & Eastern, was oompleted in Oct,
1898. and is leased for 99 years and its $375,000 bonds guaranteed, to
cover actual cost of construction. Extension of mainline to Gloue via
Tempe and Mesa, proposed in July, 1899; also branch line to Ingleside
and probably later to Mesa, via Tempe. V.69, p. 552. Stock, $7,904,000.
The road is tax exempt by legislative enactment for 20 years from
1894.
The interest charges on 1st mortgage bonds amount to
$247,000 per annum, after payment of which the surplus earnings
may be used for improvements, etc., as provided in a contract with
the 2d mortgage bonds under which substantially all of the 2ds have
been deposited with the Central Trust Co., N. Y., against its certificates of beneficial interest See official statement to N. Y. Stock Exchange on listing of $4,910,000 1st 5s in V. 68, p. 326.
Latest Earnings.— 8 mos., ) 1899 0. Gross, $662,165; net, $381,275
July 1 to Feb. 28.
572,447; net, 271,763
5 1898-9. Gross,
Earnings.— Fiscal year ends June 30. Report for 1898-9 was in V.
69, p. 538, 551; see also editorial remarks, p. 517.
1 ears ending June 30—
1899.
1898.
1897.
Gross earnings
$875,288
$764,124
$656,188
Operating expenses
455,285
365,270
313,064
Per cent of op. exp. to gross
47-80
5202
47-71
Net earnings
$420,003
$398,854
$343,124
Total net income
$130,957
$399,416
$313,124
Rental of P. & E. RR
11,829
Interest on bonds, eto
395.257
365.560
338,321
"$23,~871
Balance, surplus
$33,856
$4,803
F. M. Murphy, Pres., Prescott. Ariz— (V. 69, p. 281, 538, 551.
Saranac & Lake Placid RR.— Owns from Saranao Lake to
Lake Placid, N. Y., 10 miles; operates under contract N. Y. Central"
Saranac branch, 56 miles; total operated, 156 miles. December 19,
transfer business at Lake Placid- at least $7,200— to pay 5 per cent
interest on bonds, which interest is guaranteed Jointly at 5 p. o. to and
including Nov. ), 1913, by endorsement. Stock, $250,000 (par $100.)
Dividends.— In 1893, 3 p. c; in 1894. 2 p. c; in 1895, 2 p. c; none since
to Apr., 1900. For 1896-97, gross, $17,231.— (V. 64, p. 182.)
& Schenectady.— From Saratoga to Schenectady, 21
Leased in perpetuity in 1861 to Rensselaer & Saratoga and
lease assigned to Del. & Hudson Canal, by which it is operated.
Rental, $31,750 per year. Stock, $450,000. Dividends, 7 p. c. yearly.
SaulA,ste * Marle Hrldge.— Own Sault Ste. Marie Bridge, including t>,421
feet of main track. The Canadian Pacific. Duluth South
Shore & Atlantic and Minneapolis St. Paul & Sault Ste. Marie RR. cos.
agree to pay for use of bridge an amount equal to operating expenses
and interest and sinking fund of debt. Mortgage. $1,000,000; sinking
fund *.->/.<)() yearly. Stock. $1,000,000
For year 1-98-9 gross
earnings, $64,394 net $51,512. In 1897-98, net, $51,321.
Saratoga
miles.
,
;
Savannah Florida & Western Ry.— (See Map )— Savannah-
Ga., to Tampa, Fla^, with branches to Balnbridge and Albany, Ga.,
and Jacksonville, Chattahoochee and Gainesville, Fla.; also Jacksonville to Sanford, Fla., and branch (part of former Jacksonville Tampa
& Key West, purchased under foreclosure Apr. 4, 1899), 130 miles;
total owned; 856 miles; leases 33 miles. Operates Sanford & Lake
Eustis Ry., Sanford to Tavares, 29 miles, part of former Jack. Tarn. &
Kev West, since Apr. 24, 1899, under an arrangement with the recelvei terminable at 30 days' notice, the S. F. & W. receiving all the earnings and paying expenses of operat'n and main'e. Total mileage, 918.
Plant System.— This road belongs to "Plant system." which is described under that title. April 1, 1893, the South Florida was consoli.
dated with the Savannah Florida &. Western. In 1894-95 purchased control of Florida Southern, 247 m., and Sanford & St. Petersburg, 152 m.
The main line of the Jacksonville Tampa & Key West, 130 miles,
was purchased at foreclosure in 1899, in interest of system, giving a
through line from Tampa to Charleston via Jacksonville. V. 68, p. t>72.
Stock.—During 1893-94 increased from $6,793,900 to $9,412,900, all
held by the Plant Investment Co.
Bonds.—The firstconsols of 1884 ($6,500,000 authorized) area first
lien on 545 miles at about $12,000 per mile, $464,000 8o. Ga. <fe
Flor. 1st 7s having been paid at maturity Jan. 15, 1899, and
$200,000 So. Georgia <fe Florida 2d 7s, Sept. 6, 1899. V. 68, p. 86,
V. 64. p. 954, 1228. Of the $20,000,000 consols of '93 sufficient are
reserved to retire all prior liens and for betterments extensions, etc.
Of the $1,500,000 St. Johns' River Division 1st 4s (City Trust Co. of
W. Y., trustee, covering the line from Jacksonville to Sanford, $150,000 are reserved for improvements, branch lines, etc., at $50,000 per
year. They are subject to call at par to Jan. 1, 19o5
V. 69, p. 132.
Dividends.— ) '87. '89. '90. '91. '93. '94. '95. 96. 96 to '98. '99.
Since '86,
3^
Jan.. 2
Latest Earnings.— 8 mos., $ 189?-0.Gross, $2,869,960; net, $793,270
July 1 to Feb. 28.
2,655.523; net, 614,110
1 1898-9.Gross,
Report.—Statement for 1898-9 was in V. 69, p. 1059.
Tr.end.June 30— 1899.
1898.
1897.
1896.
%
Gross earnings.
$2402
$3,9i*2, 196
...
Net earnings
Other income
Total income
Interest
1,022,676
...
and taxes.
$1,022,676
858,965
642
$3,642,058
926,736
144,629
$3,260,342
834,614
129,517
$3,267,365
740,200
176,984
$1071,365
$P6«,13l
901,800
$917,184
906,283
$62,231
$10,891
874,711
Surplus for di v..
$163,711
$196,654
-(V. 68, p. 86, 67 2; V. 69, p. 82, 132, 956, 1013,
1
05 9;
V. 70. p. 77, 231.)
&
Schenectady
Diiaiicsbiirg.- From Quaker Street Junction,
N. Y., to Schenectady, N. Y., 14 miles. Leased in perpetuity to the
Del. & Hudson Canal. Rental, $30,000 per year. Stock, $100,500.
Schuylkill
& Lehigh RR.— Owns from High's Farm, near Read-
ing, Pa., to Slatington, Pa., 43 miles. In 1883 leased to Phila. <fe Reading RR. for 999 years and in 1896 lease assumed by Phila. & Reading
Rental, $27,000 per annum. Reading owns the stock ($600,000).
Schuylkill Valley Navigation & RR.— Port Carbon to Reeves-
Ry.
dale, Pa., 11 miles; 2d track, 5 miles; branches, etc., 824 m.; total track,
28 miles. Leased July 25, 1861, for 999 years to Phila. <fc Reading RR.
Lease assumed in 1896 by Phila. & Reading Railway Co. Rental
$29,450, v/hich pays 5 p.
c.
on stock and State taxes.
Seaboard Air Line Ry.— fSee Map.)— This company
will
own
a
system from Richmond, Va., to Atlanta, Ga., and Jacksonville and
Fla., with brinuhes to Rutherfordton and Wilmington, N. C,
Augusta. Ga., etc., comprising in all about 2,540 miles. Under agreement with the Pennsylvania R *. through car service will be established between New York. Philadelphia and Washington and theSouth.
Organization.— To be a consolidation in 1900 of various "Seaboard"
Tampa,
lines (see list V. 69, p. 907), including those whose securities are
shown in the table above, the Richmond Petersburg <fc Carolina, eto.
Da April, 1900, the consolidation was on the eve of completion, the
new connecting lines having been built and the new mortgage having
been filed. (See " Bonds" below.— V. 70, p. 793.
Stock.— Stock authorized $62,500,000, of which $25,000,000 preferred; outstanding capitalization to be about $10,000 common and
$7,000 preferred stock per mile, about $18,000,000 or $19,000,000
being reserved for futuie purposes.
Bonds —of the new bonds (Continental Trust Co., Baltimore, trustee,)
$11,244,000 are issuable forthwith, #18, 500,000 will remain in the
treasury for future purposes. $24,066,000 is reset ved to acquire bonds
of companies forming part of the system. $12,500,000 is issuable only
after July 1,1903. for additional properties, improvements, extensions, etc., and $8,690,000 is reserved to acquire the securities of the
Georgia & Alabama Ry. and the bonds of the Geor. & Ala. Term. Co.
Pending the acquisition of the railroad properties themselves, the
stocks and bonds of existing companies are pledged under the mortgage. Under the plan of oonsoliiation the total amount of bonds out
standing will be about $19,000 per mile.
B&RKING8.—The earnings of the combined propertes for the year
ending Mar. 1, 1900. exceeded $9,450,000; net earnings above taxei
-
136
INVESTORS' SUPPLEMENT.
{Vol.
LXX.
Subscribers will confer a sreat favor by giving immediate notice of any error discovered In these Tables.
Bonds— FrinclRAILROADb.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by
For explanation of column headings, &c, see notes
of
of
Par
on first page of tables.
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
Seaboard Air Line Ry.— (Concluded
Durham & Northern, st mort $150,000
Florida Cen. & Pen. 1st M. $5,22(5 p. in., gold ..e*
2d M. (1st on ext.,92 in.) $5,226 per in., gold.. c*
Consol.M.,$7,800,000 ($10,000 p.m.), gold.G.C
South Bound 1st M.,gold, int. rental. Me Ba.c*
Ga. & Ala., 1st M., pref., g.,red.at 105 aft. 5vrs.c*
1
,
1st mort., con., $10,000.000, gold (See text)..c'
Ga. Carolina «fe Nor 1st M., g., guar.
Bac*..
Raleigh A Augusta, IstM., guar. p. &i.. R. <fe G.c*
Raleigh & Gaston, 1st mort $1,500,000, gold..c
Roanoke & Tar River, $260,000
Seaboard & Roanoke — 1st M. $2,500,000 .. c*<fer
Debent $690,000, to be secured by any 2d M.r
Me
,
42
575
666
780
136
383
383
268
107
,
81
Car and equipment trusts
Sea Coast— Prior lien mortgage ($350,000) gold....
General mortgage, series A ($150,000), gold
General mortgage, series B ($600,000), gold
8hamolcin Sxmbury dt Lewisburg 1st mort
o*<fer
0*
2d mortgage, gold
8hamokin Val. d Pottsville—Btock, guar, by No. C.
1st mortgage, gold, on road and lands
Sharon—Stock ($500,000) 6 p. c, guar, by rental..
1st mortgage, gold
c
Shreveport <£ Red River Valley— 1st mort., gold
Sierra Ry. (of Cat.)— 1st M., g., $1,860,000, s.f.5%
Sierra Valleys— 1st M. (Cal. Safe Dep. Co. trustee)
—
Stiver Sp. Ocala<6
Gulf— lst,l.gr.($15,OOOp.m.)g.o*
Somerset Railw ty -1st mortgage
c
So.Oar. & Qa. Exten.— let M., $1,800,000, g.Co..c*
South Carolina <& Ga. — 1st M. $5,250,000, g.Ce..c*i
Augusta Southern 1st mort., gu. p. & i. end., g.oi
& Wateree Riv. 1st M ,$100 OOO.g., ku.No'1
Burnt.
66
66
66
31
31
36
36
16
16
"58
31
74
42
182
242
81
16
1888
1888 $1,000
1890
1,000
1893
1,000
1891
1,000
1895
1,000
1895
1,000
1889
1,000
1886
1,000
1897
1,000
32
1887
1886
1,000
1886 100 &0.
a
1898
189H
1898
1882
1,000
1890
1,000
50
1871 500 &c
50
1,000
1889
1897
1895
1888
1887
1899
1894
1894
1899
*$100,000
3,000,000
415,000
4,372,000
2.033,000
2,483,000
2,922,000
5,360,000
1,000,000
1,200.000
69.000
2,500,000
292,000
bt. 1,000.000
350,000
5 g.
150,000
5 g.
600,000 See text
1,000,000
5
1,000,000
g
869,450
i
2,000,000
7 g.
464,600
6
164,000
4*3 g.
1,000
800,000
1,000
870,000
6 g.
300,<i00
6
1.000
1,112,000
4(6)
500 &c.
225,000
5
4i« g.
1,000
1,092,000
1.000
5,250,000
5 g.
400,000
1,000
5 g.
1,000
100.000
5 g.
2*
were over $2.660,000 fixed charges, including interest on all outstanding bonds, approximately $i,46(»,O00 surplus, $1,2(10,000; interest charges on new 4s to be issued will be about $700,000, leaving
$500,000, or about sufficient to pay 3 per cent on the new preferred
stock to be issued, without makina any allowance for 200 or 300 miles
of new road opened or about to be opened in April, 1900.— V. 70, p.
;
;
430,481,584,633,793.
Seaboard & Roanoke RR,- (See Map.)—Portsmouth, Va., to Welleases Roanoke & Tar River RR. 33 m.
don and branch, N. C, 81 miles
;
interest in the Raleigh & Gaston Railroad, 1 10 miles,
the Raleigh & Augusta Air Line, 136 miles, and Carolina Central, 273
miles Durham & Northern RR., 42 miles; and the Georgia Carolina &
Northern, has been translerrtd to the new Seaboard Aii Line Ry. Co.
History.— In Jan., 1899, a syndicate headed by John L. Williams &
Sons, of Richmond, purchased the stock held in the Hoffman pool,
amounting to $83^.100 (see V 63, p. 715, 795, 924) at $200 per $100
share. See Seaboard Air Line Ry.
Stock.— Stock, common. $1,144,200 ; 1st 7 p. c. pref., $200,000; 2d 7
p. c. pref., $44,200. Dividends on common Nov., 1890, to May, 1892,
7 p. o. per an.; 1892, 3; 1893, 2 p. c; 1898, 2^; since only on pref.
The controlling
;
Bonds.—The debentures after Aug. 1, 1916, are payable at will.
Annual Report.— For 1897-8 in V. 67, p. 948, on road proper, 114 m.:
Ntt.
Charges. Pref.div. Balance.
'Gross.
$1,108,873 $454,513 $419,298 $17,094 §$18,1 1
984,352
418.U0 331,949 17,094 t9,077
*Note.—Includes other inc., $130,190 in '98-99; $114,787 in 1897-98Also paid 2*2 p. c. on common stock, $28,605, in 1899.
President, John Skelton Williams, Richmond, Va.— V. 70, p. 77, 126.
Tears.
1898-9
1897-8
§
RR.— See Supplement for April, 1899.
Seattle & San Francisco Ry. & Navigation.— Organization.
Sea Coast
—Incorporated in March, 1899, to own 1,931 acres of coal lands 25
miles southeasterly from Seattle, Wash., 24 acres of terminal and dock
property at Seattle, etc.; also steamship lines and 35 miles of railroad
under construction. V. 68 p. 929. V. 69, p. 386, 852.
Stocb, $3,000,000. Bonds, $1,500,000 1st 40 year gold 5s,dated Apr.
1, 1899, int. A-O at Metropolitan Trust Co., N. Y., trustee; $700,0u0
issued. See full particulars in V 69, p. 182, and advertisement in
Chronicle of July 22, 1899. President, John Leary,— V. 70, p. 633.
&
R«.—
Sebastlcook
Moosehead
V. 68, p. 107«. On June 24,
1899, A. B. Thompson, of Pittstield, Me., was appointed receiver.
Shamok i 11 Sunbury & Lewisburg RR.— "arbon Run Jet. to
West Milton, Pa., with iron bridge over Susquehanna, 31 miles; second
track, 15 miles; total of all track, 58 miles. Leased to Philadelphia &
Reading RR. July 2, 1883, for 999 years at 6 per cent on the stock,
and lease assumed in 1896 by Philadelphia & 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 mort. of '97. (V. 51, p. 21.)
Shamok In Valley & Pottsville Ry.— (See Map Pa. RR.)—Sunbury, Pa., to Mt. Carmel, Pa., and branch, 37 miles. Leased Feb. 27,
1863, for 999 years to the Northern Central Railway Co., with a guarantee of taxes, interest on the bonds and 6 per cent on the stock, of
which $619,650 is owned by the Northern Central. Pennsylvania RR.
owns $464,000 7 per cents and $341,000 additional were held by the
Northern Central Ry. Co. to cover the depreciation of coal lands.
Sharon Ry.— Owns from Sharon, Pa., to Pymatuning, Pa., with
branches, 16 miles in all. Leased till April 30, 1982, to New York
Pennsylvania & Ohio (now Nypano RR) at rental which pays interest on
bonds and 6, per cent on stock. Rental in 1898-99 was $37,101.
Shreveport
& Red
Riv«*r Valley
Luella, 73 miles, completed in July, 1899.
to Colfax, La., reported let in Mar., 1900.
Pres dent, Wm. Edenboru, Chicago, 111.
Ry.—Shreveport,
La.,
to
Extension from St. Maurice
Stook, $800,000 authorized.
Sierra Railway («»f California).— Owns road from Oakdale,
on line of Southern Pacific, to Carters, Tuolumne County, 58 miles.
Opened November 10, 1897. Branch, Jamesto-vn 10 Angel's Camp,
19 miles, under construction, was to be completed Jan 1,1900. Stock
authorized, $5,000,000. Second mort. income bonds $15,000 per mile.
Year ending June 30. 898, gross, $103,<»35; net, $14,545. President,
A. Poniatowski; Secretary, John M. Bonner, San Francisco, Cal.
Sierra Valleys RR.— Plumas to Clairville, Cal., 31 miles. Exten1
sions reported ptoposed in Feb., 1899.
Pres., Henry A. Bowen; 8ecietary, Wm.
Stock. $945,000; par. $100.
San Francisco. Cal.
Silver Springs Ocala & <; 11 KK. See Map Sav. Flor.
West.
Ooala to Inverness *ith branch from Gulf June to Homosassa, 74
miles. In January, 1893, a controlling interest in stock was acquired by
the Plant Investment Company [see Savannah Florida & Western], and
interest on the $1,120,000 bonds outstanding reduced from 6 to 4 per
oent, and guaranteed by endorsement. 8tock, $1,500,000, par $100. The
first mortgage is limited to $3,000,000, but no more than $1,120,000
can be issued on 74 miles $8,000 bonds redeemed, leaving $l,112,0u0
outstanding in Oct., 1897. Land grant 13,840 acres per mile, of which
mortgage covers 4,000 acres per mile.
1 1
—
;
S. Kittle,
—
&
-
M.
J.
J.
J.
A.
A.
J.
J.
T.
J.
A.
.1.
F.
A.
A.
&
&
&
&
&
&
&
&
&
&
&
&
&
N. Y., 32 Liberty
J.
J.
J.
do
July
St.
do
do
do
O. Merc.Tr.<fc Dep.Co.Balt.
O.
N. Y., 32 Liberty St.
J.
J. N.Y.,
J.
J.
do
do
do
&
& N.
J. & J.
& A.
£ & J.
M. & 8.
J. & D.
J. & J.
A. <& O.
F. & A.
J. & J.
J. & J.
M & S
M. & N.
& D
A. & O
M.
I.
1918
Oct. 1,
July
do
do
1,
1,
1,
N.Y.,Bankof Repnblio
Company's offi«e.
Aft. July,1916
Apr.
Apr.
Apr.
Philadelphia,
O.
O.
<fe
1,
Jan. 1, 1930
Jan. 1, 1943
Apr. 1, 1941
Oct. 1, 1945
1945
192©
1926
Jan.
1947
Jan.
1917
July 1, 1926
do
Bankof Republic
O.
J.
Due.
Stocks— Last
Dividend.
Nov, 1928
N.
A.
pal, When
do
Phila., Phil.
& Read.RR May
do
Phila.,
1,
1,
July
do
Stafn Feb.,
July
do
Broad
St.
1,
1,
1,
1948
1948
1948
1912
1925
'00,
3%
do
1. 1901
Mar., '00, 3%
Sharon, Pa.
N. Y., Farm. L. & Tr. Co. June 1, 1919
In 50 years.
Crocker-WoolworthBk. Apr. 12, 1937
1915
(1)
N. Y., 12 West 23d St. July 1, 1918
Boston <fc Oakland, Me. July 1, 1917
N. Y., ontin'lTr. Co.
Men. 1, 1929
N. Y., J.P.Morgan & Co. May 1, 1919
do
do
Dec. 1, 1924
Apr. I, 1919
'
Earnings.— 8 months,
Gross, $180,308
net, $105,240
5 1899-0
July 1 to Feb. 28.
186,739; net, 108.01&
1 1898-9. ...Gross,
Year ending June 30, 1899, gross, $300,941; net, $182,060; in 1898,
gross, $221,211; net, $116,451; other ino., $6,061; charges, $59,300.
Silverton RR.— Owns Silverton, Col., to Ironton. 22 miles. In
July, 1899, Alexander Anderson wa» appointed receiver.—
69, p.
132. Stock $350,000; par, $100. Bonds. *425,000 1st gold 20-year
6s, due Oct. 1, 1908. Year 1898-99, gross, $10,885; net, $1,899; interest and taxes, $27,120.—V. 69, p. 132.
Somerset Ry.— Owns road from Oakland to Bingham, Me., and
branch, 42 miles.
Road opened in 1890. Capital stock is $736,649
(par, $100)
Loans and bills payable June 30, 1899, $65,221.
;
V
.
Earnings.—Year 1898-99,
gross, $80,195; net, $25,38*; charges,
$15,027; balance, surplus for year, $10,357.— V. 65, p. 568.
South Brooklyn
Terminal.—V. 70, p. 12 5.
RR. &
South Carolina
&
Georgia Extension
RR.— Owns Camden,
Marion, N. C, 171 miles Blacksburg to Gaffney, S. C, lO 1^ m.
Organization.— A reorganization in Sept., 1898, of the Ohio River
& Charleston foreclosed. V. 67, p. 635. In May, 1899, a sale of the
stock and bonds was arranged to a syndicate and the road will be
operated independently.—V. 68, p. 873. Stock, $500,000. It has been
proposed to extend the road northerly to Clifton and Spartanburg.
In year ending 1*96-97, gross, $190,572; net, $28,844— V. 68, p. 979.
South Carolina & Georgia
Road.— Owns road from
Charleston, S. C, to Augusta, Ga., with branches to Columbia. S. C,
Leases Augusta Southern Ry., Augusta to
etc.; total owned, 242.
Sandersville, etc., 81 miles. Total system, 3^3 miles. In Oct., 1899,
the Sumter & Wateree River Ry., 16 utiles, was completed.
History, Etc.— A reorganization in May, 1894, of the old 8outh Carolina RR. per plan given in V. 58, p. 867. In April, 1899, control was
acquired by the Southern Ry.. which leased tne road, including the
Aug. Southern, for 30 years to May 1,19 '9. Under the lease the
Southern agre s to apply the net earnings of the road towards the
payment of operating expenses, interest on bonds, car trust obligations, etc. The Southern may, at its option, meet any detioien cy, receiving in return certificates of indebtedness payable on demand.
V. 68, p. 873.— See alt-o V. 69, p. 390.
Stock.— Stock $5,000,000; outstanding $3,622,500. mostly owned
by Sou hern Ry. Car trusts June 30, 1898, etc., $138,742.
Annual Report.— For 10 mos ending Apr. SO. 1899, grops, $1,237,609; net. $399,899; other income, $1.1-9; total deductions, $321,486;
bal., sur., $82,552. Report for 1897-8 given in V. 67, p. 1106.
8. C.,to
;
RR.—
Tear end. June 30—
Gross.
Int.
Net.
dt
taxes. Bal., surp.
1897-98
$352,r!91
$484,887
$132,196
$1,355,306
1896-97
112,207
1,216,484
438,994
326,787
,
Farnings since lease included in those of Southern Ry. Pres., Samuel
Spencer Sec, Josiah F. Hill, 80 Broadway, New York —(V. 69, p. 82.)
;
Southern Indiana Ry.— Owns Elnora, Ind.,to Westport. 102 m.;
trackage, Westport to Greensburg 13 miles, and Elnora to Washington, 19 miles; operates Bedford Belt Ry., Bedford to Oolitic, Ind;. 4 m.,
and branches, 6 miles, under peipetual contract, under which all the
earnings above interest on $350,000 5 p. c. bonds go to Southern Ind.
Ry total, 144 miles. The extension from Elnora to Terre Haute under construi tion in Sept., 1899, will, when completed, give the company 150 miles of main line. Of this extension, Elnora to Linton, 12
miles, opened Jan 1. 1900, and balance to be completed about June,
1900. A reorganization of Ev'nsville & Rich. RR., foreclosed Mar., '97.
Securities, Etc.- Stock, SI, 500,000; par, $100; all issued. Boudearesubject to call after June l, 1908, at 105. See adv. in Chronicle
of Sept. 16,1899. The remaining $500 000 bonds will be issued on
completion of extension to Terre Haute. On Deo. 5, 1899, there were
$150,000 equipment notes maturing during the next three years. For
year ending Juue 30, 1899, gross, $313,575 net. $121,817; charges,
$74,356: suiplus. $47,461. President is John R. Walsh; Secretary, C.
F. Weinland, 185 Dearborn St., Chicago, 111.— V. 69, p. 591.
;
,
Southern Missouri
&
Arkansas
RR.— Owns
from Cape
Girardeau, Mo., to Hunter, Mo., 94 miles; leases, branch, 9 miles.
Stock, $1,000,000; out tanding, $889,000; par $100.
A reorganisation for plan in V. 68, p. 23^, of the St. Louis Cape Girardeau <fe Fort
Smith Ry., sold under foreclosure on May 1, 1899.— V. 68, p. 872.
Bonds, Etc.—Of the new first mortgage bonds $600,00" bear 5 p. c.
interest from July 1. 1899, and the remaining $400,000 for five years
are to be non-cumulative in«omes, but thereafter eutitled to 5 p. c.
fixed interest. The new stock will be held in a voting trust for five
years, unless trust is terminated earlier by vote of three-fourrhs interest of trust certificate holders. For year 1897-98, gross, $119,092;
net, fl,0l8. President, Newman Erb; Treas. and Asst. Sec, Costellc
Lippitt Cape Girardeau, Mo.— V. 68, p. 872.
South Pacific Coast Ry.— Narrow Gauge.— Alameda to
Santa Cruz, 77 miles; branches, 27 milei*; ferrv. 3 in.; total 104 miles.
Leased for 55 years from July 1, 1887, to Southern Pacific Company,
which guarantees the bonds and owns all but $7,000 of the stock.
The stock is $6,000,000; par, $100. In year 1898-99, gross, $815,616;.
net, $7,279; deficit under charges, $243,086.
April.
lflO<>.J
KAILKOAD STOCKS AND BOKDS.
137
138
SUPPLEMENT.
JLNVESTOKS'
LXX.
[Vol.
Subscribers will confer a great favor by giving Immediate notice ot any error mscovered In tbese Tables.
RAILROADS.
For explanation of column headings,
on first page of tables.
So.
&o., see notes
A No. Alabama— lstM.,s.f .not dr'n; guar.byL.&N.
2dmort. gold, s. f. $2,000,000 (owned by L. & N.)
Consol. mortgage (for $10,000,000), gold, guar.o*
Date
Size, or
of
of
Par
189
189
189
102
.
1
I
dm
.
do
I
.
I
g.,gu.,st p. subj.to call 107»9, aft. 1905.c*<fcr
Bonds assumed in Consolidation of 1898.
California Pacific 1st mort., gold (ext'd in 1887)
2d M., gold.gu.p.&i., end. by (Jen. Pac, ext. in *91
3d M.. gold, guar.by Cent. Pao. ($1,000,000 are 3s)
Northern Ry. (Cal.), 1st mort., lnt'st guar., gold.
Cons. M. ($21,000,000), g., 1st M.on 225 m.c*<fcr
Northern California, 1st mortgage, gold
Southern Pacific of New Mexico— 1st M., gold. .cfcr
.
...
79
114
114
149
373
54
167
1873
1880
1886
1898
A.
1899 500 &o.
1891
1879
1,000
1880
1,000
100
fl875 500 Ac.
1875 500 Ac
J
1 1876 500 &c.
[1882 500 &0.
1887
1,000
1888
1,000
1875 500 &o.
1893 500 &c.
1893 500 &o.
1,000
1,000
500
1,000
1,000
1,000
1.000
656
Oregon & California RR
88
New Mexico & Arizona RR
Louisiana Western RR
263
Morgan's L». 4 Tex. RR. & SS..
318 Sonora Ry
101
South Pacific Coast Ry
Total RR. Mileage Mar. 30, *00.. 7,54')
393
Southern Pacific KR. of Arizona
Southern Pacific RR. of Cal ... 2,611 Tot*l,deduc.242 m. leas, to Atcta.7,29S
Southern Pac. RR. of New Mex
167 Steamship Lines (3,440 propriet'y) 3,565
1,359
141
.
(2)
Controlled by So. Pac. Co.—
Operated Independently.
& San Anton. Ry.
New York Texas & Mexican Ry
Texas & New Orleans RR
Galv. Harrisb'g
Affiliated Lines, Etc.
Austin & North Western RR
919
& N. W Ry
91
New Orleans Ry
276
Houston & Texas Cent ral RR
(8) Controlled by Morgan's La. & Galveston Houston & Northern
Tex.— Operated Independently. Carson & Polorado Rv. .»
Gulf Western Tex. A Pac. Ry
Ill Houston E. 4 W. Texas Ry
Iberia & Vermilion RR
16 Houston & Shreveport RR
San Antonic & Aransas Pass Ky.
6.533 Gila Valley Globe & North'n Ry
Total Proprietary Lines
.
.
.
.
.
Central Texas
Fort Worth A
..
1
108
12
40
503
63
SOU
192
40
6S?
124
it.tiiil
Grand total of owned, leased and a<flliated lines
Organization. Organized under laws of Kentucky, and known as
the "Huntington" lines, Mr. C. P. Huntington being President. Under
plan for readj
@FedFRASER