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ammenrial
RAILWAY AND
SECTION
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PAGES
1505
TO
Page.
EDITORIAL ARTICLESDO BIG GRAIN-LOADS PAY?
THE INTERNATIONAL RAILWAY CONGRESS, LONG ISLAND OPERATING PROBLEMS, STEAM RAILROADS
INDUSTRIAL AND MISCELLANEOUS COMPANIES
-
-
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST CCS
WILLIAM
1511
1512
1514
1515
-
-
-
1657
1685
1685
1685
-
1685
....
1686
have no extra copies of
B.
-
-
....
....
N. Y. AND BROOKLYN FTRE INSURANCE COS
GAS COMPANIES, (See also " Miscellaneous.")
railroad earnings monthly
index to companies consolidated,
A/pzr?il
or tor ;^*
•>**
1692 INCLUSIVE.
GENERAL INDEX.
We
n
05
-
-
1688
this section.
29, 1905.
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEARL STREET,
Entered according «o Act of Congress in the vear 1905,by William B.
NEW
YORK.
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NEWTON,
HEMPHILL,
J.
WM.
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DIRECTORS.
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GEORGE F. BAKER,
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RAILWAY A
SECTION
OF THE
&
C ommercial
F inancial
Entered according to Act of Congress In the year 1905. by William B.
NEW
Vol. 80.
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Railway and Industrial Section.
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DANA COMPANY,
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No. 2079.
The conditions existing on American railroads art
more conducive to economical operation with heavy
The proportion of tertrain-loads than those in Europe.
minal charges
total cost of transportation
to
is
much
lower on account of the longer haul and the amount of
freight carried
heavy
much
is
It is possible to secure
larger.
and the economies derived from
loads, therefore,
the hauling of long trains being dependent in a large
measure on the distance between terminals, are much
more evident for long hauls than for short hauls. The
freight business on most European roads resembles more
package business of American roads. Shipments are made in small consignments and the shippers
expect and demand immediate transmittal and delivery.
the express
may be
quick transportation
Pine Street, corner of Pearl Street,
Post Offloe Box, 958.
of Congress, Washington, D. O.
29, 1905.
Rates abroad
WILLIAM
(] hronicle.
higher rates, and
if
higher for such service, but similar
is
furnished here for correspondingly
the
shipper elects to forward at the
lowest rates, the railroads are unconcerned about the time
DO BIO TRAIN-LOADS PAY f
The most marked feature
railroads as
of the operation of
American
distinguished from European roads
heavy average train-load which
is
of delivery.
is
the
hauled, hoth in freight
and passenger service. The contrast is so great that the one
roads towards
To
load has been
efficiency
this
one factor of large train-
this
attributed
in general
the
present day
and economy of operation of the railroads in
country; and because foreign railroad officers have
been slow to
respect,
make
we on
innovations in their methods in this
this
pride
side
American
progressive than they.
quick to take up methods
which
will
result
in a
or
more
ourselves on being
railroad
officers
are
equipment the use of
and in
saving, however small;
their eagerness to attain the
extreme limits of economy
sometimes overdo, a liability the progressive spirit is
always exposed to. Indeed, the limits to any change in
methods can only be determined by experiment. So
with regard to heavy train-loads assured that an in-
—
crease in
this
would be economical, constant
made until at the present time an
direction
additions have been
undercurrent of reactionary remonstrance
is
noticeable.
In the development greater and greater refinement is
made, the net gain becoming less and less until it may
eventually cease altogether and even result in a loss. It
well may be, therefore, that there are some grounds for
remonstrance against further increases until it is definitely
shown that such increases are
profitable, and,
because of the complexity of the problem, that
exceedingly difficult thing to do on paper.
is
an
shippers
whole are favorable
slow speed.
But
to
the
American raiL
attitude of the
and the
traffic
conditions as a
transportation in heavy trains at
economy
of
this
method of opera-
tion to the railroads themselves is another matter.
The
might he called wholesale transportation and the other
retail transportation.
The general
principal
argument advanced
train-loads is that
in favor of
heavy
by collecting into one train a large
number of cars the number of locomotives required to
move a given amount of freight and the wages of engine
and train crews are reduced in
direct proportion to the
So long as the average
speed of the trains is not reduced by adding more load
behind each engine, this assumption holds true, and for
each increase in the loading up to a certain point there
increase in the size of the train.
is
a well defined gain.
But when
the load
is
made
so
large that the most powerful locomotives cannot maintain
a moderate average speed, that
is
from 20
to
25
miles an hour, each engine and train crew requires a
longer time between terminals, and the wages per ton
mile go up instead of down.
to
Train-loads of from 3,500
4,500 tons are not uncommonly hauled to-day on
many
able
roads, but such trains, even under the
conditions,
most favor-
seldom exceed a sustained speed of
10 miles an hour, while
to
make even
this
speed requires
the largest and heaviest engines, with assistant engines,
on
all
grades of any magnitude.
An
engine of the same
and power could haul a train of 2,000 tons at
20 miles an hour without difficulty, and in the course of
a day could make double the mileage, hauling the same
size
number of tons of freight at double the speed with the
same cost for wages of engine and train crews. Because
RAILWAY AND INDUSTRIAL SECTION.
1512
more per ton moved than at slow speeds of about lb
miles an hour.
The amount of fuel per ton hauled is
greater by about 20 per cent with properly designed
locomotives; but this is to some extent offset by the fuel
of the nature of the equipment and the character of the
engines usually employed in freight service,
is
it
[Vol. lxxx.
seldom
practicable to exceed 30 miles an hour for such trains,
and 25 miles an hour is a fair average speed with light
So long, then, as the power of the engines is in- wasted by engines hauling heavy trains when standing
loads.
With higher speeds the engine mileage is
creased to keep pace with the increases in train-load to on sidings.
the extent that the speed of the trains
reduced, the gain in efficiency of transportation
evident.
however, the speed
If,
increased and repairs and engine supplies are increased
not materially
is
is
in almost direct proportion to
self-
but these
the mileage;
reduced as the ton- items are insignificant compared with fuel and wages.
is
In the foregoing some of the factors which enter
nage increases, other economies than a saving in wages
can
be
into
increase
the problem have been briefly touched upon.
the
must he shown before assuming that
There are many others of less direct importance
carried on indefinitely.
Long heavy trains are unwieldy and difficult to get which cannot be gone into here, such as the cost
over the road,
many
for
reasons.
As
maximum
starting power, and
a usual rule the
down
of cutting
ening
grades, eliminating curvature, length-
Enough
has been said, howarguments against furmay result in stalling the train out on the line until re- ther increases in train-load. Just what the maximum
Again, on a limit is can only be approximated for any one road after
pairs can he made or assistance sent.
single-track road or on a double-track road having a a careful and complex analysis involving a consideraengines are loaded to their
sidings,
etc.
a slight failure, such as a hot bearing or a leaky tube,
ever, to point out the
number
tion of almost every detail of traffic
of fast trains, a long heavy train, because of
slow speed,
often compelled to
is
enough time
to permit reaching the
all
many
can be properly used as arguments against the
delays
of excessively heavy train-loads.
principle
amounts of wages
in paying out large
for
They
much more
doing nothing.
however, that
if
There are
the limit on
roads has not already been reached from an econ-
pers will not be
furthered
by any step which increases
the time of transit for the sake of a questionable gain in
which operating
they are subjected in starting and stopping by the heavy rates.
severe shocks
for believing,
To
roads and
omic standpoint, certainly the best interests of the ship-
result
repairs to cars run in long trains are also greatly in-
creased, due to the
all
would be a waste of time.
conditions
These good grounds
next siding.
and operation.
attempt to lay down a general figure for
hours on a
for
waiting for the line to be cleared for a long
siding
The
stand
its
principal
to
which could have
efficiency
little
effect
on
engines required.
A consideration of relative
trains brings
in
THE INTERNATIONAL RAILWAY
speeds of heavy and light
another factor
—the amount
CONGRESS.
of rolling
maximum movement of
extreme case of maximum
On
Five hundred car-loads of freight would be delivered at
each terminal in one day. If, however, the speed of the
trains were increased to 20 miles an hour, the run would
he made in 12 hours, and each car could make one round
gates
stock
required
to
handle a
we assume
the
the 4th of next
month
the International Railway
Congress will open its session at Washington, D. C»
would require a less number The purpose of the Congress, which meets every five
of cars if run at high speed than if run at low speed.
If,
years, is to bring together representatives of the railroads
for example, a road 240 miles long ran ten trains of 50 of all nations, to discuss questions both of practice and
cars a day in each direction at a speed of 10 miles an of theory in railroad operation.
The last session was
it
would
require
hours
to
hour,
21
make the run from held in France in 1900, and this is the first time that
one end to the other, and 1,000 cars would be needed. the gathering has met in the United States. The delefreight.
If
traffic in
both directions,
trip a day.
Twenty
trains of
25
cars, or
500 cars in
car-loads
of
freight
each
who attend do not come
either
resentatives
of
as individuals, but as reprailroad
the
companies or of
governments; the former are entitled to representation
on a mileage
basis; the latter are ordinarily not restricted.
Great preparations have been made by the American
all,
each way a day and deliver the same
could be run
number of
The cars
it
railroads to receive the foreign visitors,
who
will, for the
most part, join one of two extensive trips which have
in
slow trains are utilized as store- been arranged to start at the close of the week in Washhouses for freight in transit, and the railroad which ington, and include the principal Eastern and Central
runs heavy trains at slow speed must provide such cities. Each delegate receives a complimentary pass—
storage facilities.
Railroads have thought it necessary the most comprehensive ever issued in America
which
to organize car service associations to enforce demurrage provides transportation for himself and for his family
charges and prevent abuses in holding cars delivered at over a large number of roads during the period of thd
at
terminal.
—
same time they have increased
the detention on the road.
On a long haul, as much, if
not more, time is lost in transit by slow speed and
delays in holding cars to make up long trains as is consumed in loading and unloading at terminals. Per diem
charges for car hire are intended to quicken the movement of cars by exacting a penalty for delay, but they
seem to have no effect in checking the tendency towards
larger and larger train-loads run at constantly decreasing
The interest on the additional investment in
speeds.
terminals, while at the
cars required
is
another large item to
stay.
The agenda
of the Congress
voluminous papers on topics
to
consists
of a series of
be considered, prepared
by reporters who are specialists on the matters they disThese papers have been appearing for months in
cuss.
the regular Bulletin of the Congress, issued under supervision of the permanent committee, which is headed by
Arthur Dubois and Louis Weissenbruch of Brussels,who
The method
are, respectively, President and Secretary.
of preparing the reports
be taken into ac-
questions, covering
the
is to
submit a long
topic
at
list
hand, to
of printed
the railroad
j
count in
It
this connection.
must not be forgotten that running
companies, and the
trains
at even
derate speeds of from 20 to 30 miles an hour costs
plies
official
reporter then analyzes the re-
he receives and compiles them into a paper, supple-
mented by
his
own
information.
This
system, which
'
RAILWAY AND INDUSTRIAL SECTION.
Apr,, 1905.]
1513
ports from that country are not at all full.
should in theory be one of great efficiency, tends to fall
short in practice, because the busy railroad officer has
In
fact,
our
own country was but meagrely
represented at the Conhave
which
detailed
answers
gress
sessions
been
held
and
to
a
heretofore.
not time to
The voluminous collection of reports representing the
hundred or so questions, especially if tlieir wording lacks
Many ot the official reports output of the Congress undoubtedly has a considerable
conciseness and clearness.
supply thorough
have been extremely defective and insufficient, because historical value in recording current practice for future
Its value to any one countiy is doubtless less
too much reliance was placed on the interest aud reference.
individual
patience of the
railroad
from a historical standpoint than that of the technical
addressed,
officers
have sometimes been misleading. For journals of that country; but the latter publications do
example, the paper on suburban traffic in America, pre- not afford a very good comparison between the practice
pared by a high authority, included a table of short-haul of different nations, and the Congress reports perform
and the
results
rates, evidently
based on answers to
which gave the regular round-trip
tions,
commutation rate that
American suburban traffic in the
of
printed
the
the
—a tariff
much
higher than
foundation
vicinity of great
foreign
the
formalism and red tape that they do not develop their
of
highest capabilities of value.
cities
The
and conveying a wholly wrong impression to the student
The most valuable papers which have
of the subject.
delegates, representing 30
which the reporter has
own information than on replies
tral
depended rather on his
tion.
been produced, however, on
subjects ranging in their scope from
this
a discussion of em-
the same
the work
To handle
Congress
ot the present
tions, dealing, respectively,
tives
is
ways.
Each
secretary
section
and
its
own
secretaries,
Illinois
Cen-
the representa-
Milan, Italy, in
at
in
in Paris in
Petersburg in 1892, the
1895 and tbe sixth session at
International Exhibition,
hosts of
as
the
in
con-
Thus, the London Congress was opened by the
King of England, who was then Prince
of Wales,
and the Paris Congress was opened by Pierre Baudin,
Minister of Public
president, principal
own
its
at St.
was held
Congress have always participated
present
light rail-
and makes
London
session
The foreign governments acting
ventions.
with way and works; locomo-
names
assistant
the
divided into five sec-
and rolling stock; working; general; and
session at
in 1900.
meeting,
period of the
limit
third
Pasis, in connection with the
problems at
these diverse
all
time, during the
included in
was held
session
The
Congress.
fifth
parisons of the different methods of working under electric traction.
The second
1889, the fourth session
technical com-
Dloyees' beneficial institutions to highly
Company was
Bailroad
The
countries.
1887, and the Pennsylvania Railroad sent delegates to
to questions in estimating current practice.
literature has
was held at Brussels,
August 1885, and was attended by 257
session of the Congress
first
*»elgiura, in
appeared have been those in
A mass of
they have
been prepared in a manner so restricted by the prevalent
quoted,
rates
except where
extremely well,
lunction
this
instead
tariff
the
is
ques-
is
Works of France. The
in charge of the
present Congress
American State Department, and a
Sundry Civil bill approved just a year ago appropriated
But in $400 as Government dues to the Congress. The Amerisubject is to be discussed with other sections.
spite of these divisions and subdivisions, the complexity can delegates have recently been announced.
They inVice-President
Fairbanks,
of the material handled and the voluminousness ot the clude
Postmaster-General Cor-
arrangements for meetings, either alone or jointly,
reports prevents
much
The
discussions.
is
of the Congress
in
of railroad problems
in
results
students
nations together
the
value being brought out in the
indirect
bringing the leading
many
of
if
of far greater
of the
importance than
standpoint at least the value even
of the reports
best
is slight,
for the questions o 1
current practice in this country have been so thoroughly
threshed
by the railroads themselves and in
out
the
technical journals that the papers contain scarcely any-
new.
thing that
is
formation
new
to
The
foreign reports
the
American
are
full
of in-
railroad manager, but
the differences in practice are so great
that
it
must be
candidly admitted that most of these reports are of no
practical use here
and
will not be read at
The
all.
able
paper which appeared in one of the recent Bulletins in
point without further comment.
the reports
In
connection with
the
teristic
re-
hibition.
Congress
quired of even a light
in-
grounds
for the purpose,
required of trunk lines in this country, so
that their economies leave off where ours begin.
exhibition
Generally speaking,
Germany is, perhaps, the country
from which American railroad men would be likely to
traffic
in
England.
be
which
But Germany has taken very
est in the International
is
enterprise,
passed
a
special
is
a type quite unique, in that
hibits
designed to interest the
public,
and there
will be
at hand,
]
is to
is
designed
have uo exnon-technical
create a foreign
serious
market
for
business
Amer-
on a much larger scale than
has ever been the case heretofore.
All the representaican
interre-
will
no distractions in the nature of
not found
which
it
It will
general
side-shows to detract interest from the
Bailway Congress, and the
ex-
Act granting
and some 300 or 400 firms
traversed
little
charac-
and organized a supply
purely and directly for purchasers.
most by comparisons of practice, owing to a certain
to
American
together, with
exhibit their manufactures to the visiting delegates. This
is
geographic;,! similarity of large
areas
and the existence of a long-haul
International Railway Con-
country have gotten
plies in this
treat of practice in countries
profit
Chief-
manufacturers of every kind of railroad sup-
can be effected in building and working light railways
spection than
Metcalf,
Fuller;
gress, the
Similarly,
by foreign writers on the economies which
where much more is
branch line under government
Secretary
economics.
discussion of automatic-coupler practice in Bussia illustrates this
Morton,
Hon. Stephen B. Elkins, Chairman of
the Senate Committee on Inter-State Commerce; Hon.
Clarence D. Clark, Chairman of the Senate Committee
on Railroads; Hon. William T. Hepburn, Chairman of
the House Committee on Inter-State Commerce; Hon.
James H. Davidson, Chairman of the House Committee
on Railroads and Canals; Hon. Martin A. Knapp,
Chairman of the Inter-State Commerce Commission,
and Hon. James R. Garfield, Commissioner of Corporations.
Governmental delegates from Great Britain include: Sir Francis Hopwood, Secretary of the Board of
Trade; Colonel H. A. Yorke, Chief Inspecting Officer
of the Railway Department of the Board of Trade, and
W. M. Acworth, well known as a writer on railroad
Justice
are the helpful suggestions developed at the meetings.
From an American
Secretary
telyou,
railroad
appliances
RAILWAY AND INDUSTRAIL SECTION.
1514
European
tires of the
are officers whose influ-
railroads
ence with the purchasing department
is
very great, and
undoubtedly true that the supply people have cor-
it is
rectly grasped a very remarkable opportunity.
[Vol. lxxx.
freight business is similar to a
nature, although
the eflorts of Mr. Potter,
the future be on
this will effect
switching business in
participates
it
in
through rates.
the car-service
its
By
charge will in
the basis of a switching company, and
a considerable reduction in the per diem
balance against the road in the next report.
LONG ISLAND OPERATING PROBLEMS.
When
Mr. Baldwin came to the Long Island Railroad as President after Austin Corbin's death in the
fall ot 1896, he found a property which served a suburIn his first
ban territory only partially developed.
annual report in 1897 he spoke about the large expenditures which
had been made
and charged
to the prop-
for betterments
But
from these abnormally high costs
under the head of conducting transportation, the road
entirely apart
must soon face the increased fixed charges
connection with the
arising in
Atlantic
tunneling, the
Avenue
improvements and the electrification of some 30 miles of
line.
In 1904 operating expenses, together with intertaxes and rentals, were larger than the gross income,
and not much improvement can be hoped for in this
est,
and said that the
present policy of the directors would be to change this respect until the extensive betterment plans are well
plan somewhat and charge as much to income account under way and the road is in position to show net earnas possible in order that the road might be put on a ings, not from the cutting down of operating expenses
more solid basis and in position to make the extensive but from great increases in business. How soon this
changes which were necessary. From that time until can be accomplished no one can say, but five years is
In the meantime the road
1900, when the Pennsylvania obtained control, earnings certainly a low estimate.
increased regularly, but the road was under the evident must keep between the extremes of any kind of operatdisadvantage of being compelled to earn practically ing extravagance on the one hand and of retrenchment
all its revenue during an extremely short season and of so radical that it will hurt its suburban traffic on the
current example of this retrenchment was
having but little freight traffic. The Pennsylvania con- other.
shown
in
the increase in some of the commutation
trol rapidly developed the present plan of making the
erty
capital account,
to
A
Long
Island in effect part of the
New York
system of
electrification
City.
suburban rapid transit
This involves immediate
of the part of the system nearest
Long
rates
early
Mr.
Potter
the
in
issued
year.
several
press explaining this
action.
will
It
be
circulars
He
recalled that
in
the
public
pointed out that the
and the summer excursion business con-
Island City in connection with the East Eiver Tunnel at
suburban
work of an extraordinarily expensive
which
must
of necessity look to the future for
character,
Mr. Baldwin, aided by his able lieutenant, W.
its profit.
F. Potter, had the plan clear in his mind. He possessed
the confidence not only of the Pennsylvania interests,
company's only sources of profit. Other
roads entering New York have through passenger traffic
which were behind the project, but also of the Long
Island residents, and was as well equipped as any one
could be to carry on the work.
increase in fares, whether right or wrong,
Thirty-fourth Street,
The company has been
singularly visited with misfor-
stituted
traffic
the
and a large volume of freight, while the Long Island has
neither of these, and even its passenger business is conducted at a loss for eight months in the year. But the
was met with
determined hostility by the communities served, particularly
ing,
by the press of Brooklyn, and, at the time of writ-
a
bill
has been passed by the
New York
State Senate
all suburban rates to the basis
January
1
1905.
within the last few months. The new President, Mr. of
It seems pretty clear that the Long Island will not be
Balph Peters, who comes from the general superintendency of the Southwestern system of the Pennsyl- able to keep up its net earnings by increases of rates,
vania, has had long experience as a practical operating and that attempts in this line will not only fail of any
man, but he must of necessity find himself confronted real usefulness, but will antagonize the general public
with a very unusual problem. The Long Island gross against the road and hurt the development of its terriThe problem which confronts Mr. Peters is a hard
earnings last year, which amounted to $6,835,848, were tory.
higher than ever before; but operating expenses increased one, and his company will presumably have to face an-
tune in the death of both Mr. Baldwin and Mr. Potter
at
a
considerably
rate
more
rapid.
This
is
due
part
to
the
fact
that
in
the
road had been
compelled to use anthracite coal instead ot bituminous
on most of its engines because of the termini and ter-
minal mileage within the limits of Greater New York,
where the smoke from bituminous coal constitutes a
nuisance.
The per diem
sum, which showed
port.
It
is
outlets at the other,
heavy
time in the current
easy to understand that the
reached only by car
cally, for the
rule also cost the road a
for the first
Long
re-
Island,
one terminus and with no
singularly badly placed, geographi-
floats at
is
prompt handling
of foreign cars
;
so that
its
contemplating reduction of
nual
deficits for several
future.
But
years during
the Pennsylvania
responsible author
of the work,
its
building for the
Eailroad, which
is
is
the
no doubt prepared
to
meet the situation with equanimity. When the tunnels
are finished and the essential grade-crossing elimination
work is done in connection with the first electrification,
the road should have a chance to occupy a position
almost similar to that of the rapid transit lines on Manhattan Island so far as near-by
cerned, and there can
continue
to
need
all
be no
suburban
doubt that
traffic is con-
New York
will
the residential territory that can be
placed within easy access in a short radius.
c
: :
.
RAILROAD
.
COMPANIES.
(For Miscellaneous Companies see pages 1657 to
3
684, inclusive.)
EXPLANATORY.—This Supplement Is expressly Intended for use in connection with the investment news and official reports published
from week to week in the Chronicle. Frequent reference is therefore made to the volume and page of the Chronicle (as, V. 74, p. OOO)
where fuller information may be found. Following eaoh statement also is given a reference to the latest news item in the Chronicle respecting
the company. As every suoh item contains a referenoe to the last preceding item, the reader can run baok over the company's history
at pleasure. Annual reports are in blaok-faoed figures, and italics Indioate a paragraph headed by the name of some other oompany.
Index.— Any oompany not in regular alphabetical order may be found by means of index to roads leased and consolidated in this Supplement.
Dividends.— The dividends tabulated in the text are those actually paid during the oalendar 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 desorlbed in table at head of page [except the stook, for lack of spaoe, sometimes only in text below] as follows
Miles of Road.—Opposite bonds, this means the miles of road owned covered by the mortgage.
Size or Par Value.— Shows (in dollars unless otherwise marked) the denominations or par value, " 100, <fco.," signifying $100 and larger.
Bate Per Cent.—The interest and dividend rate, per annum is here shown g., gold; our., currency x, extra s. stock or sorip.
When Payable.—3. & J. stands for January and July; F. & A., February and August; M. & 8., Maroh and September; A. & O., April and Ootober,
M. &N., May and Nov.; J. & D., June and Dec; Q.— J., quarterly from Jan.; Q.— F., quarterly from Feb.; Q.— M., quarterly from Maroh.
Bonds, principal when due, etc.— This column shows the date when the bonds mature and the amount and date of the last dividend.
M. for " mortgage; " gen. M. for " general mortgage; " con. M. or consol. M. for " consolidated mortgage; " inc. M.
Abbreviations in table
or "income mortgage;" g. for "gold;" o. or our. for "currency;" guar. p. & i. for "guaranteed prinoipal and interest;'' cum. for
" cumulative; " non-oum. for " non-cumulative; " conv. for "convertible into stook at holder's option; " pref. for "preferred; " s. f. for " sinking
fund;" 1. gr. for "land grant;" r. fully "registered (no coupons);" o. "coupon;" c* "coupon but may be registered as to prinoipal; " br. "branoh;"
end. "endorsed;" "red." redeemable; d*rn" or "drawn" sublect to call when drawn by lot; "p. m." "per mile;" as'd "assumed." "x"
Mortgage Trustees and Stook Transfer Agents (TR Treasurer's Office) are indioated thus
Payable without deduction for any tax.
Pittsburg—
N. Y. ClTY— (Concluded—
Baltimore—
Louisville—
New York City—
,
;
;
;
:
B—
Ce—
«*—
Bowling Green Trust.
V—
G—
Farmers' Loan
Fidelity
State Trust.
CL— Columbia Finance & Tr.
FL-Fidelity Tr. & Safety
CHICAGO-
CPI-Colonial Trust Co.
Vlt.
LLi— Louisville Trust.
Philadelphia—
St. Louis—
FP— Fidelity Trust.
GP— Girard Trust.
MSt—Mississippi Valley Tr
AC— Amer. Trust & Sav. Bank.
EC— Equitable Trust.
Gu P—Guaranty Tr. & S.Dep.
1C—
Trust & Sav. Bk.
IYIC— Merchants' Loan & Tr.
Illinois
NC— Northern Trust.
RC— Royal Trust.
UC— Union Trust.
F PI— Fidelity Title & Trust,
P Pt— Pittsburg Trust,
U Pi— Union Trust.
SSt—
P -Provident L. & Tr
PeP— Penn. Co. for Insur. on
Lives & Gr. Ann.
PI
WP— West Rnd Tr.&
S.
Dep.
St.
Louis Union Trust.
San Francisco -
CS—California
& Trust.
Safe Deposit
Subscribers will confer a favor by giving immediate notice of any error discovered in these Tables. JF%
Bonds— Prino/
RAILROADS.
INTEREST OR DIVIDENDS.
For explanation of column headings. &o.. see note
above.
Barberton Belt— lstM.,s.f.,text,g.Usm.o*&r
Miles
Date
Size, or
of
of
Par
>•
General mortgage, £1,160,000
.Ce.c
Debentures, gold (English Co.)
o
Alabama Midlands-See Atlantic Coast Line RR.
Ala.N. 0. Tex. A Pac. June.—Deferred "B" shares...
Preferred "A" shares, 6 p. o. cumulative
"A" deben., red. aft. Nov.1,'10, at 115— See text.c
"B" debentures, income, red. after 1910 at 115.
"C" deb., income, subject to call any time at 100.
Alabama <£ Vicksburg— Stook $1,050,000
Vieksb'g & Mer. 1st M. gold, $1,000,000. F .xo*
Ala. & Vicks. oonsol.lst M., ($1,800,000) g..Ce.o
2d M., originally $700,000.g.
Ce.o
Alaska Ventral 1st M., g., red. at 105 aft. 1908 0*
Albany <t Northern- -1st M., g., ($50,000 are pref.)c
Albany <6 Susq.— Stock, divi'ds guar, by D.<fe H. (end)
Consol. M. ) (guar. p.<fe i. end.) ourrency 7s. F.o*<fcr
now IstM. s
do
6s, interest only In gold
Albany <t Vermont—Stook, 3 p.o. guar, by rental). Allegheny <6 Western— Stock ($3,500,000)
1st M. $2,500,000, gold, guar., p. & i. end.G.o*..
Allegheny Valley— 1st M., guar. Penn. RR
Mort. to State Pa., $100,000 due Jan. 1, yearly, .r
Gen. M. {$20,000,000) g., guar. p.& i. FPi.x.o*&r
Allentown RR. (leased to Phila. & Reading Ry.) ..
290
.
1902
....
...
£10
£10
....
1878 $1,000
1888
£100
1886
£100
mmmm
-••
£10 £2,500,000
£10 £1,500,000
1890 £50 <feo.
£748,850
1890 £20 &o. £1,048,390
1890 £20 &c.
£810,652
143
143
143
143
mmmw
35
142
142
12
61
61
259
259
260
...
100
1881
1,000
1889 100 <fec.
1889 100 &o.
1903
1,000
1896
1,000
100
1876
1,000
1876
1,000
100
100
...
1898
1,000
1869
$& £
1869 100,000
1892
1,000
50
berton, O., 22-43 miles in length, with 11 miles under construction In Jan., 1904.
consolidation in May, 1902; V. 74, p. 1088.
Stock, $100,000, owned equally by the Cleve. Ak.on&Col., Bait.
Ohio, Erie RR. and the Vanderbilt interests. Bonds authorized, $1,500,000; $500,000 reserved for future requirements. They may be
A
&
drawn
at 105 by lot yearly Deo. 1. beginning 1903, by a sinking fund
Of $11,550 per annum. V. 75, p. 440.— (V. 76, p. 434; V. 78, p. 2598.)
Alabama Great Southern B K.— (See Map Southern Railway.)—
Owns Wauhatohie, Tenn., to Meridian, Miss., 291 miles; branch lines
Wauhatohie to Chattanooga, 5 miles, and Belt
By. of Chattanooga, 45 miles; trackage to Blookton, Ala., 8 miles, and
Woodlawn, 19 miles total operated, 374 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 stook and debentures of Ala. Great So. RR., and has
issued in plaoe thereof its own stock and debentures respectively
tor a like amount. The two companies own jointly $833,300 stock
of Southwestern Construction Co. received in exohange for $833,800 Cin. N. O. & Tex. Pac. stook. See V. 65, p. 1173.
Stock, Etc.— Of oapital stook of English Co. the Southern Railway
£°4.. on Jul y X 1902 owned $1,725,000 "A" shares and $4,540,050
/hares. V. 61, p. 26. For right to dividends see March, '94. Supp.
4J?
Funded arrears of dividend (English Co.), bearing 4 p. o. interest,
$258,832; car trust notes, June 30, 1904, payable monthly, $110,880.
leases
;
;
>
.
«
Dividend— ) '93
to '95.
£.' 8 £ are8
6966899
0000000
'96. '97. '98. '99. '00. '01. '02.
'03.
1904.
10
9
$t °
"B"shares.%>
o
Bonds.—General M. 6s, £484,000, will retire 1st 6s and debentures
Latest Earnings-8 mos. > 1904-5 Gross, $ ,167,4 8; net, $400,392
y \, toPeb 28>
S 1903-4. Gross,
2,075,499; net, 451,001
»~J,r
C
u Kr ~ Re
-
P ort for 1903-04 in V. 79, p. 2585, showing,
net, $624,925; other income, $11,603; interest,
,54 2; tnoom e tax, etc., $29,3.3; balance for stock,
$ ?.?end, °n stock of American Co. per
cent), $185,437.
(6
4
oYv2
~Jzf? /o
™)P .
gross,
$3,099,440;
1
2?on°«iT-?
iv:%h
—(V.
77, !p. 2094; V. 79,
p. 901, 2585, 2641.)
ab
ew
' ,eans Texas & Pacific Junction Bail™£l . ? 'J. ? ted Thl8 l8an English company controlling Alar^m» * v^ir K aTli 4;i"~mile8;
Vicksburg Shreveport & Pacific, 189
mZt- n™
2 North
i
miles
New°n^
Orleans &
Eastern, 196 miles.
m
1
..
,
'
,
Securities OwNKD.-Ala.&Vioksb.
$30,000 1st mort., $387,700 2d
1 1 t M> a
581 500 8tock: V 8 * P-, $1.513,OOolen M $2 0«o° 1in
o f and
00
$2,773,500 com. stock; N. O. &N. E.,
«4Q?q ™m. ,
m '* , ,.??- 00 lnoome8
M
and $5,320,000 stock; S.
f^nsr?&?.^« iJK5 ^!?
08 00h; Rai ^^d Lands Co.. $108,850 rout
of
SI^OOOOJ stook.
s o«V Dividends
rM^ } on stooks owned in 1903.V. 77, p. 2279.
01 ibi^u.ooo;
1>
F r 9
96 - * 9 «- '99- '00. '01. '02. '03, '04«
•l#nkh«n l. ? k- 9*4 ' 95
5
5
5
5
5
5
5
5
5
«
JL
„
»B»
do
876 X 21* 2% 4ie 5BelowB'w 5
•p'.5
"O- d0
rtn
Pc °
1% .. 2«8 5 5
5
™y
'
'
-
-
-
W
W
*£'•
'
'
-
'
$989,000
£1,566,000
£676,070
$1,750,000
£526,000
£134,000
$1,000
Adirondack Ry.— In 1902 merged with the Delaware & Hudson.
Akron & Barberton Belt KB.— Owns a belt line around Bar-
owned, 6 miles
Amount
Road. Bonds Value. Outstanding
Alabama Great South'n—"B" shares (English Co.).
Pref. "A" shares, (English Co.) 6%, £800,000....
IstM. (American Co.) gold, $1,750,000
F.c
.,
&
Ba—
A B— American Loan & Trust.
BB— Boston Safe Dep. & Tr.
IB— International Trust.
NB— New England Trust.
O B- Old Colony Trust.
M»— North American Trust.
<t
MBa—
Boston—
SB-
Bait. Tr. & Guaranty.
Continental Trust.
Deposit.
Maryland Trust.
[>le Ba— Mercantile Tr. & Dep.
9
Safe Dep. & Trust Co.
Cam—
& Trust.
Me—Mercantile Trust.
Mo— Morton Trust.
Mp— Metropolitan Trust.
N— N. Y. Trust.
Akr.
FBa—
17 n— Union Trust.
Us— United States Trust.
U. 8. Mori- & Trust Co.
Guaranty Trust.
K.— Knickerbocker Trust.
Ma— Manhattan Trust.
tgp*
B Ba—
CoBa—
8t»ndard Trust.
Ta— Trust Co. of America.
Central Trust.
Ci— City Trust.
Col—Colonial Trust.
Eq— Equitable Trust.
Rate per
Cent.
pal, When
Payable, and by
Payable
Whom.
&
&
London.
do
Dne.
Stocks— Last
Dividend.
June 1, 1942
Dec, 1891
D.
Deo 20/04,5%
9 in '04 J.
6 g. J. & J. N. Y.,Farm. L. &Tr. & Bos Jan. 1, 1908
5g. J. & D. London,Glyn,MiUs&Co. Deo. 1, 1927
do
Aug. 15, 1906
do
6g. F&A15
4g.
J.
5g. M.
D. N.Y.,U.S.Mort.&Tr. Co.
&N
& N.
5g. A. & O.
Yearly.
7 in 1904
6 g. A. & 6.
5g. A. & O.
5 g. A. & O.
5 g. A. & O.
5 g. J. & J.
9
J. & J.
O.
7 cur. A.
6g. A. & O.
M. & N.
3
5
$1,050,000
1,000,000
588,800
601,300
875,000
400,000
3,500,000
3,000,000
7,000,000
600,000
3,000.000
2,000.000
9,998,000 6
400,000
6,95 1,000
1.268,884
When Where
g.
M.
<fe
6
g.
g.
J.
<&
&
J.
Lon.,Glyn,Mills,C.&Co Nov.1,1910-40
do
do
Nov.1,1910-40
Nov. 1, 1940
See text.
Central
Trust
Co.
Aug. 20, '04,7
N. Y.,
do
do
Apr. 1, 1921
do
do
Apr. 1, 1921
do
do
Apr. 1, 1921
Chicago and New York. Apr. 6, 1933
Bait,
Ham bleton & Co.
& Hudson Co
N.Y.Del.
do
do
do
do
Troy, N. Y.
N. Y., A. Iselin & Co.
Jan. 1, 1946
Jan. 1905,4i«
Apr. 1, 1906
Apr. 1, 1906
Nov.l5,'04.Ha
Jan. 3, '05, 8
do
do
O.
Oct. 1, 1998
O. Phil., Pa. RR. Co. &Lon. Apr. 1, 1910
Jan. 1, '06, etc.
5
J.
J. Treas., Philadelphia.
Phila., Pa., RR. Co.
Mch. 1, 194S
4 g. M. <fe 8.
incl. $1, 071,400 under ReadingCo.mort. of 1896.
A.
or 7 A.
4
g.
&
&
The Nov., 1901, coupon on B debentures was paid Jan., 1902, and the
May, 1902, on July 1, 1902; later coupons to Nov., 1904, were paid
when due. A payment of 2% p. 0. on " O " deben cures was made in
Feb., 1902, and 5 p. 0. each in 1903 to 1905, inclusive. V. 78, p. 227.
Earnings.—See separate statement for each of the controlled companies. In year ending Deo. 31, 1904, net from investments was
£163,505; paid general expenses (£3,322), inoome tax (£9,95J), interest on "A" debentures (£35,648), on "B" debentures 5 p. 0. paid in
.Ian. ,|1905 (£49,908), on "O" debentures. 5 p.o. (438,548) balance,
inoluding £31,589 from 1903. £ 57,715. -(V. 80, p 1057, 1478.)
Alabama & Vicksburg By.— Owns Vicksburg to Meridian, Miss.
miles, all steel rails. Controlled by Alabama New
and branoh, 143
Orleans Texas &
Paciflo Junotton Co., which see. Reorganization of
the Vioksburg & Meridian foreclosed Feb. 4, 1889 (see V. 48, p. 190).
Dividends.—'90 to '92, 3 p. 0. yrly.; '96,3; '»7to '99,5; 1900 to 1902,
6 y'rly; 1903, 9 p. c; 1904, 7 p. 0. Stock div. of 50 p. c. in 1900.
Bonds.—The new seconds were inoome till April 1,1894, and area
first lien on the lands— 31,583 aores.
Of the $1,800,000 oonsols authorized, $1,000,000 are with trustee to retire V. & M. firsts.
Earnings.— Fiscal year ends June 30. For 9 mos. ending Mar. 31,
1905, gross, $1,047,426, against $1,008,926 in 1903-4.
Report for
1903 1904 in V. 79, p. 2584.
Tears—
Interest, etc.
Gross.
Net.
Bal., sur. Dividend
1903-04 $1,287,092
'$215,528
$292,677
$77,149 (7)$73,500
1902-03. 1,150,547
140,260
301,573
161,313 (9)94,500
'Includes $97,850 for new freight oars.— (V. 73, p. 1 157; V. 75, p
1027; V. 77, p. 1224, 2094; V. 79, p. 2584.)
Alaska Central By.— Projected from Seward, on the south coast
of Alaska, north to near Fairbanks, on the Tanana River, 463 miles.
Of 'his, 2j miles from Sewnrd rorth were in operation and 10 miles
additional graded in April, 1905. About 100 mili-s addition .1 are to
be built in 1905. Stook authorized, pref 5 p.o non-oum. $2,500,000;
common, $27,500,000; "Utstanding, pref, *1,922,050; oom.. *87f>,200;
par of shares, $50. Bonds are limited to $35,000 per mile of main line
and branches. The Central Trust Co. of Illinois (Chicago) is mort-
See V. 76, p. 703, 1354. In Jan., 1905, new interests
acquired control. V. 80. p 471. Pres.. A. C. Frost Chioago; VloePres., H. C. O borne, Toronto; Sec, James A Haight, Seattle; Treas.,
G. L. Francis, Toronto; Gen. Mgr., W. B. Poland, Seattle.— (V. 79, p.
967; V. 80, d. 171.)
Albany
Northern By.— See Supp. for Apr., 1903.
Albany
Susquehanna BB.— (See Map Delaware <t Hudson. )Road.— Owas Albany, to Blnghamton, N.Y.. 142 miles. Operates,
Cobleskill, N. Y., to Cherry Valley, 21 miles; stock all owned by
D. <k H.; total operated, 163 miles.
Leased for 150 years from Feb., 1870, to Delaware <fe Hudson Company; rental is 9% per annum on stook. (See guaranty, V. 56. p. 774.)
BoND8.-The stockholders on April 7, 1«05, authorized $10,000,000
of 40 y- ar 3 •« p. c bonds to refund the $lO,O0O,0Du of 6s and 7s maturing April 1, l»06, which will |be shortly offered a' par pro rata to
he stockholders of the D. A H. The new bonds will be dated April 1,
1906, guar. p. &i., and uutil April 1, 19 16, convertible into D. & H.
stook-$500 stook for $1,000 bonds. V. 80, p. 1174, 1362.
gage trustee.
&
&
1
RAILWAY STOCKS AND BONDS.
151(5
RAILROADS.
column headings,
on first page of tables.
ton explanation
of
<fcc,
Miles
Date
Size, or
of
of
Par
see notes
Road Bonds Value.
3
AUentown Term'J— 1st M., guar.p.&i.(end.)g.Ce.xo*
Ann ArOor— 1st mort., $7,000,000, gold.Mp
x...c*
292
0"
25
Arizona & Utah— 1st M., $600,000, gold.N
100
Arkansas Southem~Ut M.. $1,350,000, g.IffSt...
Ark. V.dtW.— lstM.($4.500.0OO),g.,red. toxt.SSt 0*
Ashland Coal <6 Iron— Stock
22
1st refunding mortgage, $400,000 gold.N
Atch.
East'n Bridge— 1st M.g.,8. f.,red., text.Ce.
Atchison Topeka Jt Santa Fe Ry.— Stock, com. 8,289
Stock, preferred, $131,486,000, 5 p. c, non-cum.
i"42
Chic. <fe St. Louis 1st M. ($10,000 p. m.) our.F..o
440
Chlo. Santa Fe & Cal., 1st mort., gold.BB..o"<fer
Un.o*<fer 8,119
General mortgage, gold, see text
Ad], inc. M.. cum. from July 1, 1900, g., €e.c*<fer.. 8,119
East. Oklah. Div., 1st M. $10,000,000, g.G. c*&r 306
Deb., g., Ser D to L,$2.500.0<Oea.; oall 105 G o&r
cfi
Bds.,$50,000,000,oonv.co .stk.,red.txt.l?Ioc*.sr
Hutch. &8o., lstM.,g.,red.l05b g. 1908.OB o*
•
141
372
269
Fr.& San Jo.
Val., 1st M.,g.,callaft.l915.1TIe.c
Atlanta & Charlotte— Stock (seo text)
(old
Pref. M.
7s ext. in 1897), see V. 64, p. 286.0* 2654
1st M. [voting power, 10 votes for each bond] cur.T 2654
Income bonds (not cum.) extended in 1900
Nashv I1.LE.
A Uan. Knoxv. <6 No. .Ry.— See Louihville
S.
M
1889 $1,000
1895
1,000
1899
1,000
1899
1,000
1903
1,000
1900
1898
i",6"o6
1,000
100
100
1885
1887
1895
1895
1903
1902
1905
1898
1896
1,000
l.OOO&o
500 &c
500 Ac.
1,000*0
l.OOO&o
1.000A c
1,000
1,000
100
1877
1877
1880
1,000
1,000
1903
1,000
500
,
"86
100
1881
1,000
1904
1,000
1889
1,000
1900
1,000
"66
1898
Sea Coast pr or lien mortgage, gold
1901
1,000
All.
Atl. City 1st con. M, $4,500,000, g., P.& i.gu.GP
en
sta mped p
be
a Originally Nov. 1. Interest on $26,112,000 has
certificates
—
337
83
Atlan.dt Birm\ngh
IstM., $12,000 per m.OB..0*
Atlantic City— 1st M., $2,200,000, gold ..GnP.xc*
Atlantic City purch. money real est mort.M.GP.
Annual Report.— Earnings for years ending June 30
To D dt E
Rentals.
Net over taxes.
$5,84-, 569 $2,820,976 $1,025,203 $1,795,773
953,792
1,053,173
2,006,965
4,608,822
1088; V. 75, p 342, 1147; V. 80, p. 1173, 1362.)
Gross.
1903-04
1902-03
— (V.
74. p.
Albany
&.
Vermont BB.— Owns
&
m
;
;
shares. Wording of pref. certificate was in editorial of Supplement
of Oct. 30, 1897, p. 3. Leased to the Penna. RR. Aug. 1, 1900, for 20
years, rental being the net earnings. V. 70, p. 27; V. 72, p. 491.
Bonds.— General mortgage is guaranteed by Penn. RR. by endorsement on each bond. Real estate mortgages, Jan. 1, 1905, $734,564.
Report for 1904, V. 80, p. 1477, showing gross, $4,409,535; net,
$757,193; int., taxes, etc., $1,210,865; bal., del., $453,672. (V. 78, p.
1391; V. 80, p. 1362, 1477.)
Allentown BB.—Toptonto Kutztown, Pa.,44m.; Reading system
Allentown Terminal Ballroad.— Owns 34 miles of railroad in
Allentown Pa., connecting the East Penn. (Philadelphia & Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia &
Beading and Central of New Jersey (by assignment from Lehigh Coal &
Navigation Co.) at interest on bonds and 5 p. o. on $450,000 stock (par
$50), bonds being guaranteed, principal and interest, by Philadelphia &
Reading (foreclosed) and Lehigh Coal & Navigation. The Phlla. &
Reading Ry. Co. in 1896 assumed the Reading's share of the old lease.
Arbor
Owns road from Toledo, O., to Frankfort, on
Lake Michigan, 292 miles; operates car ferries between Frankfort,
Mich., Kewaunee and Manitowoc, Wis., and Menominee and Manistlque, Mich. Wabash uses the Toledo terminals.
Organization.—Successor Nov. l, 1895, to Tol. Ann Arbor & Nor.
Mich., foreclosed under Qulntard-Lawrence plan in V. 59, p. 782. In
Ap il. 1905. Rudolph Kleybolte <te Co. acquired about two thirds of
the common and three-fourths of the pref. stock. V. 80, p. 1478.
Stock.— Common, $3,250,000; preferred, $4,000,000; 5 p. c. noneumulative; par $100. Pref. stock cert. Supp. Oot 30,1897, p. 3,
Bonds cover entire property, including terminals and freight boats.
Earnings.—For 8 mos. ending Feb. 28:
Gross.
Set
Olh. income. Charges.
8 mos
Bal.. sur.
BB.—
—
1901-5
19034...
$1,321,343
1,324,413
$18,094
$218,791
$257,972
363,871
234,110
6,624
136,385
Annual Report.— Report for 1903-04 was In V. 80,p.l359, showing:
Fear end June 30—
1904.
1903.
1902.
1901.
Gross earnings...
$1,^21,017 $2,037,214 $1,893,410 $1,754,148
1,475,1X3
Operating expenses..
1,443,761
1,373,056
1,309,163
Net earnings
$603,914
$593,453
$520,354
$444,9«5
Net income
$515,809
$593,453
$520,354
$444,985
Deduct— Intert st
280,0(0
275,884
280.185
281,331
Taxes
5^,955
51.439
52.312
49,733
Balance, surplus.. $175,853
$266,131
$1&7,857
$113,921
President, Joseph Ramsey Jr.; Sec, D. C. Tate; Trees., H B. Henon, directors, Oct., 1902, V. 75, p. 610- (V. 80, p. 1359, 1478.)
$45S*69
Annapolis Washington & Baltimore
Arizona & Utah By.—Owns McConnico
BB.—V. 75, p. 1301.
to 34 miles beyond
Chloride, Ariz., 25 miles; trackage, Kingman to McConnico, 4 miles.
Stock. $600,000; outstanding June 30, 1903, $467,000; par,
9100. The Atch. Top. & S. F. has acquired practically all the stock
and bonop. V. 80, p. 10*8. For year ending June 30, 1903, gross, $55,983; net, $10,743; charge?, $20,040; bal.,def., $9,297.— V. 80, p. 1058.
Arkansas midland
See page 1683.
Arkansas Missouri A Kansas
V. 79. p. 102.
A rkans»s Southern
Owns Eldorado, Ark., south to Wlnnfleld, La., 100 miles.
Extension from Winnfleld to Alexandria, 45 m..
Is proposed, of which 1(» in. was completed in Jan., 1904.
V. 76, p. 704
Stock authorized, $3,160,000; outstanding, $1,262,000; par, $100.
Bonds are limited to $1*3,500 per mile of main track. Year ending
June 30, 1903, gross, $391,259; net, $140,825; other income, $878;
total deductions, $74,407; balance, sur., $67,296
President and
Treasurer, Geo. W. Hunter; Vice-President, H. C. Brown; Secre
tary, W. H. Crouch. (V. 76, p. 704, 751.)
Arkansas Valley Western
Tulsa, I. T., northwesterly to
Avard, 175 miles, completed Mar. 1, 1904. Operated by the St. Louis &
BB.—
BB.—
BB.—
&
$450,000
7,000,000
334,000
1,262,000
4,500.000
773,500
300,000
575.000
101 ,955,500
114,173,730
1,500,000
560.000
146,634,500
51,346,000
6,12*,000
22.500,000
See text.
195.000
6,000.000
1,700,000
500,000
4,250,000
750,000
RB-
Bonds— Principal, When
Due.
Stocks— Last
Dividend.
by
July 1, 1919
J. New York and Phlla.
N.Y., Metropol. Tr. Co. July 1, 1995
Tr. Co. Apr. 1, 1929
O. N. Y.,N.Y.Sec
J. Missis. Val. Tr.,St.Louis July 1, 1929
5 g. J.
J. New York and St. Louis. Jan. 1, 1953
4g. J.
4 In 1904 Q.-M. Check from Co.'s office Mar. 20, '05,
M. & N. N. Y., N.Y. Sec. &Tr. Co. May 1, 1925
4 g- J. & J. N. Y., Cent'l Trust Co. July 1, 1928
D. Checks mailed fr. N. Y. June 1,1905,2
4 In 1904 J.
do
Feb. 1, '05, 24
do
5 In 1904 P. & A.
6 our M. & S. N. Y., 5 Nassau Street. Mch. 1, 1915
4g.
4g.
6g.
&
&
&
J.
Q.-J.
A.
&
&
&
5g4g.
gl
&
J.
&
A.
See
A
M.
4
4
P.
J.
J.
g.
g.
5 g.
A.
7 in 1904 M.
4#
A.
7o.
4
J.
1,500,000
4g.
1,232,200 See text.
1,232,200
6
2,352.000
5g.
4,090,000
5 g.
75,000
350,000
5 g.
1,064,000
4 g.
ayahle M. & N. V.70,
A.
RR V
,
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
J.
O.
a
S.
A.
D.
J.
O.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
Oot.
July
Mar.
Feb..
June
Jan.
Oot.
1937
1995
1995
1928
1906 14
1, 1955
1, 1928
1. 1940
1,
1,
1,
1,
N.Y.Cent.Tr.Co.,54Wall Mar. 6, '05, 34
do
do
Jan. 1, 1907
O.
do
Jan. 1, 1907
do
J.
Jan. 1, 1907
do
do
O.
S.
June
D. N. Y., Standard Tr. Co.
Atlanta, Ga.
J.
1, 1953
See text.
do
do
Co' s option.
Old Colony Tr.Co.,Bost. Jan. 1, 1934
Phila.,Read.
Ter.
Bldg.
May
N.
1, 1919
do
do
Apr. 1, 1930
O.
Philadelphia,
Apr. 1, 1948
O.
do
July 1, 1951
J.
J.
J.
944.
Stook $4,500,000, and bonds are all
Bonds are subject to oall at par and
interest on and after July 1, 1912, or at any time at par if an extension is arranged at a lower rate of interest. President, C. G. Jones,
Oklahoma City, O.T.; Sec, John B. Linden. -(V. 78, p. 1167.)
San Francisco
owned by
St.
Louis
78,
p
49.
& San Fran.
& Spartanburg Kit.—See Southern Ry., Carolina Dlv,
Ashland Coal & Iron By.—Ashland to Straight Creek Junction,
road from Albany to Water-
lord Junotion, N. Y., 12 miles, Leased to Rensselaer <fe Saratoga in
1860 and now operated by D. & H. Canal Co. Annual rental, $20,000.
Western By.— (See Map Buff. Rock. <6 Pitts.)—
Allegheny
Punxsutawney to Butler, Pa. (about 60 miles), opened Sept. 4, 1899.
An extension of Buffalo Rochester & Pittsburg, to which leased in
perpetuity for guaranty of bonds and 6 p. o. on stook. Uses Pitts.
& West, from Butler to New Castle and Pittsburg under a trackage arrangement, making in all 135 miles. See application to list in full, V.
70, p. 849.— (V.71,p. .'SOI; V. 74, p. 774.)
Allegheny Valley Ballway.— Owns from Pittsburg to Oil City»
others, 20 milesPa., 133 miles Red Bank, Pa., to Driftwood, 110
Organization, Ac.— Reorganization March 1, 1892, of the Allegheny
Valley Railroad, foreclosed per plan in V. 53, p. 324,368,520; V.
64, p. 409, 524. Road controlled by the Pennsylvania RR. Co. as majority stockholder, owning $9,664,150 of the $10,544,200 common and
$11,876,654 of the $17,174,398 of 3 p. c. cumulative preferred stock;
authorized issues $12,000,000 and $18,000,000, respectively, in $50
Ann
Outstanding
INTEREST OR DIVIDEND8.
Rate per When Where Payable and
Payable
Whom.
Cent.
&
Atlanta Terminal—1st
$1,500,000, gokLS.C&r
Atlanta <t West Point— Stook
Debenture
Amount
[Vol. lxxx.
Asheville
Kv.,22in. Ches.& Ohio has traokage over this road. The mining interwere in Jan., 1902, transferred to Ashland iron & Mining Co., stook
being reduoedfrom$l,547,000 to $773,500. Bonds, see V. 71, p. 27.
Yeai ending June 30, 1904, gross, $173,228; net, $81,456; Interest,
and taxes, $$29,698; dividends (4 p. c), $30,940: b»lanoe, surplus for year, $20,918. Total surplus June 30, 1904, $241,302. Dividends in 1895-96, 4 p. c; in 1896-7, 4 p. c; in 1897-«, 4 p. c; in
1898-9, 4 p. c; in 1899-0, 4 p. c; June, 1900, to June 20, 1902, 6 p. o.
yearly (14 p. c Q-M), and in June, 1902,3 p. c extra; Sept., 1902,
none; Dec, 1 p. c; since to Mar., 1905, 4 p. c yearly (Q-M.) Directors,
Oct 1903, V. 77, p. 1532. President, Robert Peebles; Seo andTreas.,
ests
,
Frank B. Moore.— (V. 77, p. 1532.)
Astoria & Columbia Biver BB.— Goble to Seaside, Ore., 79
miles; branch, Warrenton to New Astoria, 2 miles; traokage, Goble to
Portland, 40 miles; total, 121 miles. Stook outstanding, $1,619,000;
par, $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
1996, Interest F. & A., issuable at $40,000 per mile outstanding,
$3,280,000. Central Trust Co., Trustee. In 1903 Interest on bonds
was paid; previous interest reported to be unpaid. Year ending June
30, 1902, gross, $306,954; net, 4>118,477; charges, $140,512; bal.,def.,
$22,035. Pres., A. B. Hammond, Astoria, Ore.— (V. 77, p. 2158.)
Atchison Eastern Bridge.— Owns railroad and wagon bridge
at Atchison. Kan., connecting with the union station. Used by the
Atch. Top. <fe Santa Fe, the Chic R. I & P., the Mo. Pac and the Chlo.
Burl. & Quin. A reorganization of the Chic & Atch. Bridge Co. foreclosed Mar. 4, 1898, per. plan V. 65, p. 366. Stock, $700,000; par,
$100 per share. A sinking fund equal to the difference between the
annual interest on the outstanding bonds and $30,000 will retire
bonds yearly at par and interest (by lot if not purchasable In the open
Year ending Dec. 31, 1902, gross, $96,655; net, $75,002;
market).
int. and sinking fund, $30,000; renewals and other charges, $6,675Pres. and Treas., Howard P. Eells, Cleveland, O.— (V. 67, p. 578.)
7,
;
&
(The) Atchison Topeka &. Santa Fe Kailway.- (See Map)—
The system operated July, 1904, comprised 8,300*92 miles of
railroad, and embraced an unbroken line of track from Chicago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Paciflo Ocean;
also to Galveston, Tex., and the Gulf of Mexico.
For operating and statistical purposes the systemis divided as follows:
Miles.
6,822-53 Rio Grande & El Paso....
20 17
Atchison T. & S. F
1.32905 South. Kans. Ry. of Tex.. 12917
Gulf Colo. & S. F
Total of all
S.300-92
Also owns stock of the Santa Fe Pres. & Phoenix and controls the
Pecos V al. A Northeastern, 672 miles in all. V. 75, p. 680. In 1900, acquired control of Gulf Beaumont & Kansas City and Gulf Beaumont A
Great Northern, which are leased. V. 76, p. 751; V 77, p. 1224; also
nearly all the stock or Ari ona <fe Utah, 25 miles. V. 80, p. 1057. In
Apr., 19"5, the Cane Belt RR., 104 miles, was about to be merged.
Organization,—This oompany 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. <fe Santa Fe RR.
Co. in accordance with a reorganization plan. V. 60, p. 658.
The railway company in July, 1904, owned in fee 6,483 miles of the
system, and also all, or nearly all, the bonds and stocks of the
various companies in which the title to the other lines Is vested. V.
68, p. 974. A list of such holdings is in the general mortgage (in V.62, p.
732, 733, and successive annual reports). SeeV.69, p 13<>0; V.71, D. 27.
In Mar., 1903, the Eel River & Eureka, In Northern California,
together with the California & Northern, 51 miles, was acquired in
the Interest of the company. V. 76, p 653. The stockholders voted on
Dec 11. 1902, to purchase the Santa Fe Pacific RR.,eto ,V. 75, p. 980.
San Francisco & San Joaquin Valley Ry. was merged in June, 1901.
In July, 1904, a cut-off was under construction from Belen,
N. M., to probably Portales, on the Pecos Valley, shortening the main
line about 200 miles. V. 75, p. 28, 980.
In Nov., 1903, the San Francisco & Northwestern Ry., building
from Alton, Humboldt County, Cal., southerly to a connection with
the Atchison near Point Richmond, on San Francisoo Bay, over 200
miles, was purchased. Phoenix A Eastern, see V. 77, p 633, 1294, 2279.
The Jasper & Eastern Ry., with $200,000 stock, was incorporated in
Nov., 1904, to build from Kirbyville, Tex., to Alexandria, La., ahout
100 miles, with various branches, of which 50 miles northeast from
Kirbyville is almost completed.
In Sept., 1904, Union Paciflo interests, it was reported, acquired
$25,000,000 of the stock to ensure harmonious relations between the
V. 79, p. 1331, 1954, 2146; V. 80, p. 649.
to assets and nonoumulative dividends not exceeding 5 p. c per arm., as declared by the
board of directors out of net profits. No other mortgage and no
tnorease in the preferred stook can be made without the oonsent of a
majority of all the preferred stook and of all common stock represented at a meeting. The total authorized amount of preferred stook is
properties.
Stock.— The preferred stock has preference as
Apr., 1905.1
RAILWAY STOCKS AND BONDS.
1517
RAILWAY STOCKS AND BONDS,
1518
RAILROADS.
Miles Date
Size, or
Par
of
tor explanation of column headings, etc, see notes
Road Bonds Value.
on first page of tables.
of
Atlantic CoastLine Oo.(Oonn.)— Stock, $30,000,000
1897
1900
1905
Ctfs.oflndebt.,inc.,non-oum.,$6,000,000.r.SRa.
do
red.atl05aft'r20yrs.SBa
do
do
do
do
red. at par after 5 years...
do
Atlan. Coast lAne RR.— Stk., common (text)...
Class "A" com. stk. tax exempt (Rich. & Pet. ctf s.)
Preferred stock, 5 per cent
1st oonsol.
$80,000,000, g., text U«....o*&r 3,921
CoLtr. M., gold, sec. by
<feN. 8took.red.l05o*<fer
90
1st M. on Jack. & Southw., $2,000,000, g.SBa.c*
Certificates of indebtedness (new) $25,000,000..
M
,
do
do
WUm.
—
(old)
Bonds Underlying 1st Consol
No. East
&
*At.C.L.of S.C.,gen.lst M.(l8ton44m.) g.SBa.c*
Petersburg M., class A, gold
Do
class B. g., (Petersb. to Weldon).
Riohm d & Petersb., 1st mort. ($24,500 are 7a) ..
Con. M., g. (Rich, to Pet., etc.j.Ce
c*
68
o*&r
& Savannah, gen. mort gold.SBa.o*
*Brun8.& W.lst M.Bruns. to Albany, g., gu.OTp.o.
Ala. Mid., 1st M., g.(Bainb. to Montgom.) Ittp.xc
Florida South'n. 1st mort $5,000,000, g.ABc*
Banford
St. Petersburg, 1st mort., gold.PeP.
Remnants
....
•Wilm. & Wel.gen.M. ($938,000 are4s).SBa.g.*o
*Yad.Dlv.,l8tM.g.(San.toWil.,N.C.&c.)SBa.o"
•Wil. & New Bern, 1st M., gold, assumed. SBa
Alb.& RaL.lst M., g.,ass d(R.Mt.to Plym.)SBa
,
Nor.&Car.,l8tM.,g.(P.Pt,,Va.toTar..N.C.).Ce.o"
2d mortgage, gold. SBa
& West.
1st M.,
0"
gold.Mp
.
,
&
of five
bond
Issues
189ft
1894
'78-'93
$131,486,000, of which $10,800,000 is reserved to acquire other
also $6,486,470 in special trust for improvements, extensions, etc. Pref. stock certificates in Supplement of April, 1897, page
3. Common stock authorized, $152,000,000. V. 79, p. 2695.
1905.
Dividends (p. o.)— > 1899. 1900. 1901. 1902 to 1904.
4 yearly (J&D) June, 2
On common
>
3*a
Feb., 2^
4
5
5 yearly (F&A)
On preferred
)
2k
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 8,119 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions.
General mortgage 4s (limited to $165,490,500).
'j^isllf ^^IriloQi.
a To retire guarantee fund notes paid and car trusts at
$2,889,383
604,960
1,600,000
. .
$760,000 for extensions
For acquisition of Atlantic &
Pacific
and other lines
30,000,000
20,000,000
Payable
Cent.
657,000
g J. & J.
1,600,000
t
J. & D.
5,547,000
J. & J.
868,000
J. & J.
800,000
A. & O.
340,500
6
M. & N.
4i«!g.
300,000
A. & O.
4,000.000 4g.&5g. J. & J.
1,800,000
4 g. J. & D.
413,000
F. & A
! g J. & J.
500,000
1,320,000
A. & O.
f g J. & J.
400,000
5 g6,500,000 5g.&6g. A. & O.
1,500,000
7 g.. J. & J.
2,926,000
g J. & J.
i g>
2,800,000
M. & N.
5
2,418,000
J. & J.
275,000
& J.
4 g.
123,500
5to8 Various
-
!*
if
-
-
-
1,000
1,000
1,000
lines;
not exceeding $1,260 for each $1,000 of old bonds.
$15,600,000
b Non- assenting bonds from reorganization of 1889
1,600,000
1,600,000
e Chicago & St. Louis 1st mortgagees
For improv'ts, terminals, second track, equip't, etc.,
at not exceeding $3,000,COO yearly, of which not over
Bonus— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
$100 $10,500,000 8 in 1904 Q.-M.
100 &o.
5,000,000
5 our. J. & D.
100 &o.
5,000,000
4
& J.
100 Ac.
2,869,000
4
& J.
100
42,980,000 See text,
& J.
100
1,000,000 See text.
& J.
100
1,726,700 5 in 1904 M. & N.
1,000&0 42,139,000
& S.
4« M.
l,000&o 35,000.000
M. & N.
1,000
1,025,000
4
J. & D.
100 &0. 21,404,000
4
M. & N.
100 &c
10,100
4
J. & J
1883
1,000
1880
1,000
1898
1,000
1881
1,000
1881
1,000
1875 500 &o.
1890
1,000
1885
1,000
1,000
1899
1897
1,000
1894
1,000
1889
1,000
1896
1,000
1884
1,000
1886
1,000
1888 500 &c.
1888
1,000
102
239
696
68
22
27
479
151
90
54
110
110
548
111
169
174
244
146
Bav. Flor.
Charleston
Outstanding
4s.
M., g., Flor. to Charlest'n.c
Aug., 1st M., (Wilm. to Columbia).
(B.C.). cons.
Col.
1902
1902
1904
1902
1900
L
Amount
[Vol. lxxx.
6,815,101
6,731,554
Whom.
Dividend.
Baltimore.
In 1904 paid 5 p.
In 1904 paid 4 p.
Mar.10,'05.2%
o.
Irredeemable.
o.
Jan. 1, '05, 2%
Jan. 1, 1925
Treas. Of., Wilm., N. C.
See text.
do
do
See text
do
Nov.l0.'04,2i«
o
N. Y., U. 8. Trust Co.
July 1, 1952
N.Y., J. P. Morgan &Co. Oct. 1, 1952
Bait., 8. Dep. & Tr. Co. Dec. 1, 1954
Treas. off., Wilm., N. C. Irredeemable.
do
do
Irredeemable.
N. Y., Ctyler M. A Co.
N. Y.,lst Nat.Bk.& Bait.
Bait.. Safe D. & Tr. Co.
Jan. 1, 1933
June
1910
1948
Richmond, Office.
1926
do
do
Oct.
1926
do
do
May
1915
N. Y., Brown Bros.
Apr.
1940
N.Y.,lst Nat.Bk.A Bait July
1936
Bait., 8. Dep. & Tr. Co. June
1949
do
do
Aug.
1947
do
do
Jan.
1944
N. Y.. Central Trust Co Apr.
1939
Bait. Safe Dep. &Tr.Oo. July
1946
N.Y..U. S. Tr. Co. & Sav, Apr.
1934
do
do
Jan.
1936
N. Y., U. 8. Trust Co.
Jan.
1938
N. Y., MetropoL Tr. Co, Nov.
1928
N. Y., U. 8. Trust Co. Jan. 1, 1945
do
do
Jan. 1. 1924
1915-1943
July
July
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1.
1,
Atlanta 6c Charlotte Air Line Hy.—(See Map Southern Railway System. ;—Owns Charlotte. N. C, to Atlanta, Ga., 269 miles.
The operating oontraot of 1881 accepted by the Southern Ry. requires the payment of interest on At. & C. debt and 5 p. 0. on stock;
gross earnings exceed $1,500,000, dividends to be 6 per cent; and
they exceed $2,500,000, 7 per cent.
Dividends, ) 1881 to'89. 1890. 1891 to Mar., 1901,inol.
Since,
Percent— J 5 yearly.
513
6 yearly (M. & 8.) 7yrly. (M.&S.)
Latest Earnings.— 7 mos. ) 1904-5. Gross, $2,182,100; net, $702,266
July 1 to Jan. 31.
2,068,954; net, 756,594
S 1903-4. Gross,
Earnings.—For year ending June 30, 1904, gross, $3,523,917,
agst. $3,168,628iin 1902-3. Pres., C. 8. Falrchild, N.T.-(V. 73, p. 553).
if
if
Atlanta Knoxvllle
June
& Northern Ry.— The
17, 1904, to consolidate with Louisville
&
stockholders voted
Nash. V. 78, p. 1548.
Atlanta Terminal Co.—To own union passenger station, with
approaches, to be used by Southern Ry., Central of Georgia Ry. and
Atlanta & West Point RR., expected to be completed May 1, 1905.
Stock, $75,000, owned in equal proportions by the three companies
named, which pay all charges and expenses on oar basis. V. 76, p.
593, 1394; V. 77, p. 699.
,
The Adjustment Mortgage (Abstract V. 62, p. 739) Is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
interest
for the fiscal year up to 4 per cent in each year
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue is limited to $51,728,000, but when the $30,000,000 general 4s authorized for improvements as above have been issued (i. e.,
not before June 30, 1905), $20,000,000 additional adjustment 4s may
De 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. 0.; since, full 4 p. o. yearly.
The Eastern Oklahama division 4s of 1903 ($10,000,000 authorized)
will be issued for extensions; the present issue of $6,128,000 is
secured on lines completed in 1904, viz.: Paul's Valley to Newklrk,
Ind. Ter.. etc., a total of 306 miles. V. 76, p. 434; V. 79, p. 1331.
The $30,000,000 debenture 4* of 1902 were issued to pay for new
equipment, new mileage, permanent Improvements, etc; $2,500,000
paid off yearly. No new mortgage on lines owned when the debentures
were issued can be made without securing debentures thereunder. See
statement, V. 74, p. 150, 204; also V. 75, p. 680. The debentures maturing, having been paid from cash in the treasury, are not included in
;
the income account. V. 77, p. 2338.
As to convertible bonds of Xi05 see General Finances below.
San Francisco <£ San Joaquin Ponds may be drawn at 110 after 1915.
Finances.— Capital expenditures from organ'n to June 30, 1904, V.
73, p. 1311; V. 7 7, p. 632; V. 79, p. 1340-1. Bonds per mile July 1,
1904, $29,176; Interest charge, $1,179. V. 79, p. 1339.
The stockholders on Jan. 24, 1905, authorized an issue of $50,000,000 bonds, convertible at the option of the holder into oommon stock,
and subject to call for redemption at suoh times and prices as the
company may fix. Stockholders in Apr., 1905. subscribed at par to
$32,420,000 bonds, payable 25 p. c. Apr. 8, 37*9 p. c. July 5 and 37**
p. o. Sept. 30, 1905, the proceeds to be used to complete lines under
construction, build additional branches, feeders and second tracks,
reduce grades on mainline, purchase additional equipment, and provide a fund for other capital requirements. The first issue of convertible bonds is convertible at par between June 1, 1906, and June 1,
1918, and may be called at 110 on any interest day, but when called
may be converted Into stock provided the time for conversion has not
expired. No new mortgage on lines owned Jan. 1, 1905, shall be
made without securing the convertible bonds thereunder. V. 79. p.
2695; V. 80, p. 471, 649.
Latest Earnings.— 8 ) 1904-5.Gros8, $44,692,134; net, $15,255,961
mos.,JulyltoFeb 28. 5 1903-4.Gross, 46,566.458; net, 18,363,078
Deducting taxes and rentals, balance for Interest in 8 months of
1904-5 was $13,781,384, against $16,823,198. Road operated 8,302
average miles in 1904-5, against 8,122 miles in 1903-4.
Report.—Annual meeting third Thursday in October. Report for
year 1903-04 was given in v. 79, p. 1325, 1339; see also page 1302.
1904.
1903.
Tears end. June 30—
1902
1901.
8,180
7,965
Aver, miles operated
7,855
7,807
Gross earnings
$68,171,200 $62,350,398 $59,135,086 $54,474,822
Operating expenses 42,222,032 38,437,110 33,909,268 32,262,946
Net earnings.. ..$25,949,168 $23,913,288 $25,225,818 $22,211,876
1903-04.
1902-08.
Net earnings.... $26,949,168 $23.918,28s Taxes, etc
1,317,993 Interest
Other income.... 1,248.774
Net income.... $27,197 942 $26,231,281
Dividend on preferred stock
Dividend on common stock
Balance, surplus for year
Bal.,surp
1903-04.
1902-03.
$2.419401
«2.1!i8.464
9,418,800
9,134,486
$15,859,741
$13,8^,332
(5j{)6.'!0«.690
(5%)6,708,690
(4*)4,078,220
(456)4.078,220
$6,572,881
$4,111,422
Officers.— Chairman of Executive Committee, Victor Morawetz; E
Gallup, Comp.; H. W. Gardiner, Asst. Treas]
P. Ripley, President; D.
Directors.—Charles Steele, R. Somers Hayes, Edward J. Berwind, Geo. g!
Haven, H. H. Rogers, H. Rieman Duval, Thomas P. Fowler, Victor
Morawetz, New York; B. P. Cheney, Boston; Edward P. Ripley, Byron L.
Pmith, Chicago: Andrew C. Jobes, Wichita; Howel Jones, Charles 8. Gleed,
L
Topeka: H.
C. Frick, Pittsburgh.
St., N.
OFFICK.-5 Nassau
Y.— (V.
80, p. 471, 649, 1057, 1362.)
Atlanta
& West
Point
RR.—See page
1683.
Atlantic Sc Birmingham Ry.—Wayoross, Ga., via Fitzgerald
ana Cordele, to Montezuma, 140 miles; Fitzgerald via Tifton and
Moultrie to Thomasville, 80 miles; Brunswick to Nioholls, 84 miles,
with branch. 4 miles; Bushnell Station via Irwinville, to the Aliapaha River, 33 miles; total, 341 miles. History, V. 80, p. 115. Brunswick & Birmingham RR., completed from Brunswick, Ga., to Irwinville, 162 miles, inoluding 28 miles of trackage, purchased at foreclosure on Aug. 9, 1904. V. 78, p. 1391,1548; V. 79, p. 151, 680.
In Mar., 1905, it was proposed to build an extension from Montezuma, Ga., to Birmingham, Ala., 241 miles, with branoh 10 Atlanta,
under the charter of the Atlanta Birmingham & Atlantic Ry. Of this
50 miles west from Montezuma is to be built at once. V. 80, p. 1173.
In Apr., 1905, the Wadley & Mt. Vernon Ry., Wadley to Rookledge,
Ga., 40 miles, was reported to be acquired. V. 80, p. 1362.
Stock and bonds.—Stock authorized, $15,000 oommon and $6,000
preferred stook per mile; outstanding, $4,923,800 common and $1,969,900 preferred. The 1st 5s of 1904 are Issuable at $12,000 per
mile owned, constructed or acquired. They are subject to call at 110
after Jan. 1, 1909. See V. 77. p. 2279; V. 80, p. 710. Equipment obligations June 30, 1904, $450,837.
Latest Earns.— 8 mos., ) 1904-5
Grose, $668,748; net, $208,698
July 1 to Feb. 28.
447,968; net, 129,922
\ 1903-4... .Gross,
Surplus over charges, $92,083, against $73,630 in 1903-4.
Report for year ending June 30, 1904, in V. 80, p. 115, showing
on 220 miles, gross, $672,229; net, $226,049; Int. and discount,
$118,182; bal., sur., $107,866. Prest., W. G. Raoul, Atlanta, Ga.;
Auditor, W. J.Swain, Wayoross, Ga.
Directors— W. G. Raoul. Atlanta; Geo. Dole Wadley, Wavcross; Gordon Abbott, Boston; H. M. Atkinson. Atlanta: Percy R. Pine, 62 Wall St.. N. Y.; B. H.
Williams, Alex. Bonn»man. W. J. 8watn and C. F. Redding, Waycross, Ga.—
(V. 79, p. 6b0, 1265; V. 80, p. 1 1 5, 710, 1173, 1362.)
Camden to Atlantic City, 57 m. (double track);
Atlantic City
branches, 54 m.; Winslow J unction, to Cape May, N. J., Sea Isle City,
Ocean City; total, 168 miles A consolidation in June, 1901, per
plan In Chronicle, V. 72, p. 1278.
Stock, oommon, $2,625,000;
preferred, $1,000,000 (par, $50). The Reading Co. owns the greater
part of the stock, and guarantees the oonsol. 4s, principal and
Of the latter, $2,650,000
Interest. Form of guaranty. V. 75, p. 1398.
are reserved to retire prior lien bonds and $786,000 for improvements.
See V. 73, p. 81. There are also outstanding $23,500 Beacoast RR. ser.
A 5e and $2,834 ser. B 5s. For year 1903-4, gross, $1,479,724; net,
$174,952; fixed charges, including $90,850 extraordinary expenses,
$206,696; bal., del., $31,744.— (V.75, p. 1398.)
RR.—
Atlantic Coast Line Co.— (See Map.)— Organized
May
29,
1889, under the laws of Connecticut, and owns a majority of capital
stock and a large amount of the bonds in a system of railroad companies desoribed under the title of the Atlantic Coast Line RR. below.
Stock.—As to certificates of indebtedness, see editorial. Oct., 1897,
Sup., page 3. V. 65, p. 564; V. 71, p. 1310. In 1898 $5,000,000 stock
was distributed as a 100-per-oent dividend (V. 67, p. 954), and in
1900 $10,000,000 4% certificates of indebtedness (including $2,500,000 of Atlantio Coast Line RR. Co.) also as a 100-p c. dividend.
V.71, p. 697; V. 73, p. 493. As to securities pledged to secure equally
tie certificates of indebtedness, see V. 71, p. 1310; V. 80, p. 598.
Cash Dividends, 5 1896. '97. '98. '99. *00. '01. '02. '03. '04. 1905.
313
3
4 4>s
5 4*s 6^3 8 8
Mar., 2
Per cent—
\
Full Interest has been paid on the certificates of indebtedness to
Jan., 1905. Balance sheet Jan. 20. 1905, V. 80. p. 598. Chairman of
Board, Henry Walters; President. Warren G. Elliott.— (V. 80, p. 995.)
Atlantic Coast Line RR.— (See Map.) —Operates from Richmond and Norfolk, Va., on the north, to Fort Myers, Port Tampa and
River Junction, Fla., on t he south, and Montgomery, Ala., aud Augusta, Ga., on the west, reaching the ports of Norfolk, Va.; Wilmington, N. C, Charleston, 8. O; Savannah and Brunswick, Ga., and Jacksonville and Port Tampa, Fla.
"
RAILWAY STOCKS AND BONDS.
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ATLANTIC COAST LINE
\VptlNfiteLLON'
Thonot'oi'Asa
TAMPB A
&
RAILWAY STOCKS AND BONDS.
1520
RAILROAD8.
Miles
Date
Size, or
Amount
Par
of
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
of
[Vol. lxxx.
Bonds—PrlnciINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks—Last
whom.
Payable
Cent.
Dividend.
—
Atlantic Coast Line RB. (Concluded. ) —
64 1888 $1,000
$944,000
*8il.8p.O.& G., 1st M.,g.(Ooalato Inv. &br.)Ci.c*
&
100
WU.&Wel.otfs.ofind. fordlv.l887,non-cutn.,ino.
6,600
&
1.000
275 1900
3,925,000
Atl.<£ Danv.— 1st M.,$4,425,000,g.,lnt.rental.Me.o*
4g.
&
1,000
275 1904
775,000
2d M., $1,525,000, g., lnt rental. .Ta
4g.
&
100
1,797,200 See text
Atlantic <2 No. Carolina—Stock, $1,800,000
&
1887
1,000
325,000
6
&
1st mortgage, $325,000..
£&$100 5,484,000
165
Atlantic <& St. Lawrence—Stock, 6* rental Grand Tr'fc
6
&
1903 1000&0.
$3,000,0C0, g.IB
Atlantic <£ Western—1st
5 g(»)
$100
53
1,022,900
5
Augusta <£ Savamiah—Stock b% rental Central 6a..
&
1894
1.000
Oe.xo
85
n400,000
5 R.
Augusta So.— 1st oonsol. M.. gold
&
l.OOO&c
1903
225,000
Auousta Union Station— 1st M., $250,000, gold.SB
4 g.
313'
100
text).
225,000
Avon Oeneseo <& Mt. Morris BB. Stook (see
&
50
1,535,000
Said Eagle Valley—Stock, $2,600,000
10
1,000
94 1880
304,000
6 enr.
1st M. orig. $400,000 (s. i ., drawn at 100). . FPxr
&
100
358,000 7»« In '04
Baltimoredk Annap.S.L. -Stock, common
"88 1894
1,000
1,250,000
Baltimore Chesapeake <& Atlan.—1st mort., goldAo*
5 g.
1879
500
3
48,500
Bait. <* Oumb Val. Ry.— 1st mort., Interest rental.
6
5 1879 100 &o.
72,800
Bait. <t Oumb. Val. RR.— 1st mort.. Interest rental
6
50
390,^00
S. A (7.T.fiJi.£a;ten.-Stk,gu.($270,OOOoarrles7p.o.)
"27
1881
1,000
230,000
6
1st mortgage. Interest rental. Ba
32 1886
1,000
Ba.c"
660,000
&
Baltimore <£ Harrisburg BB.—ftL., gold.
1.000
15 1888
240,000
&
letM.West. Ext. ($16,000 p.m.), g.,gu.Me Ba.c*
5 g.
100 124,262,060 4 In 1904
Baltimore <£ Oh io—Common stock, $125,000,000
&
100
59.982,751 4 In 1904
Pref. stock, 4 p. c, non-oum, auth. $60,000,000..
&
500
1898
&c
3ifig.
73,000.000
Prior lien mort., gold, not subl. to oall.Me..c*<fcr 1,076
IT
1898
500
&c.
1923.Us..o*&r
1657
70,963,000
1st mort., gold, red., at 105 after
4g.
3Jflg.
Southwest'n Dlv. IstM., $45,000,000, g.F..c*<fcr 930 1899 500 &c. 43,600,000
384 1898 500 Ac a 6,175,480
Pitts. Jo.&Mld.Dlv.($20,000,000)l8tM g.Ce.o*&r
3»2g.
1901
1,000 29,347,000
P. L. E. & W. V Sys. ref.,g.,red.lOO aft.'25Un.o*&r 1,642
g
l
1901
1,000
592.000
Conv. deben., $15,000,000, gold, red., see text...
&
4 g1904 1 ,000, &o 10,000,000
Coll. trnst notes, gold.Usm
4»ag
Bonds Underlying 1st mort. Z** per cent.
377 1853 500 &o.
118.500
Loan, 1853, extended In 1885, gold
&
4g.
1868
1.000
64.000
4 g.
Pltt.<feCon.,lstM.,ext. in 1896 In gold
* Coup., M.-N.; reg^, Q.-F.
§ Coup., A.-O.; reg., Q.-J.
1T Coup., J.-J.; reg., Q.— J.
a In addition $7,635,050 are pledged as part collateral for the Pittsb. L. E & w. Va. System 4s.
J*
Me Ba
M
&
,
&
&
—
.
J.
O.
J.
J.
[A.
J.
S. Trust Co.
July 1, 1918
Wilmington, N. C.
Irredeemable.
N. Y., Mercantile Tr. Co. July 1, 1948
N. Y.,Tr. Co. of America July 1, 1948
Check from Co.'s office.
See text.
Balt..Nl.F'rm'rs'<feP.Bk July 1, 1917
N. Y., U.
London and Portland. Mar., 1905, 3%
J Boston, Intern. Tr. Co
Jan. 1, 1944
Savannah, Ga.
J.
Jan. 5, '05, 2»t
D. N. Y., J.P.Morgan & Co Deo. 1, 1924
J. Bait., 8afe D. & Tr. Co July 1, 1953
New York, Erie BR. Jan. 1,'05, 1\
J.
Feb. 1, '05, 5%
A.
J Phila.,F.Ins.Tr.&8.Dep. Jan. 1, 1910
Cheoks mailed.
Jan. 2, '05, 4
8.
Phlla., Broad St. Stat'n
Bait., Farm.
Meo. Bk
do
do
do
do
do
&7
Me
:
'
A
&
*
Atlantic Coa-t Line Bit.- (Concluded)—
Miles.
Lines owned— (Con.)
Lines owned.
Sanford to St. Petersburg,
Richmond, Va., to Port Tampa,
—
Fla. 150
Leased—
Miles.
105
Contentnea to Wilmington
Central RR. of S. CarolinaWilmington, N. C, to Pee Dee
97
Lane to Sumter, S.
40
Junction
40
Florence, S. C., to Augusta,Qa.l66 Other lines
43
Sumter to Columbia
Total in earnings
4,319
Yadkin Jot. (Wilmington.N.O.,)
Controlled, op, separately.
116
toSanford
6,356
Jesup, Ga.,to Montgomery, Ala353 fl Louisville & Nashville
340
Brunswick, Ga., to Albany ...169 fl Charleston & West.Caro.
71
Dupont Jet. to Fort Myers, Fla.349 ff Northwest'n RR. of S. Car.
Also owns one-sixth Interest in the Rlohmond-Washington Co. and
one-half interest In Atlanta (Ga.) Belt Line Co., 5*2 miles. Leases,
Jointly with the Louisville & Nashville RR.. the Georgia RR., whioh
operates and controls 614 miles.
. . .
Organization— .Originally the AtlantloCoast Line
of Va. (change of
authorized April 23, 1900); (April 18, 1900, absorbed by
following
plan
V.
the
allied propconsolidation (per
70, p. 840, 893)
erties: Wilmington & Weldon RR., South Eastern RR., Atlantlo Coast
Line railroads of South Carolina and Virginia Norfolk & Carolina RR.
The Florida Southern and Sanford & St. Petersburg were merged In Apr.,
1903, the $4,241,000 Fla. So. 4s and $775,000 Sanford <fe St. Petersburg 4s being offered the privilege of exohange for 90 p. 0. In Atlantlo
Coast Line oonsol. 4s. V. 76, p. 918, 971. The Atlantic Coast Line Co.
(of Conn.) owns a majority of the stock. See that company above.
V. 70, p. 893; V. 71, p. 1116, 1310; V. 80, p. 598.
Savannah Flor. & Western Ry. ("Plant System"), whioh owned and
controlled 2,234 miles, was merged July 1, 1902. V. 74, p. 774, 829.
The Jacksonville & Southwestern, Jacksonville, Fla., to Anderson. 90
miles, was acquired In July, 1904, and will be extended >-0 miles.
V. 79, p. 732, 2204. In Nov.,- 1904, the Macon Dublin & Savannah,
Macon to Vldalla, Ga., was purchased by Atlantio Coast Line interests. V. 79, p. 2084.
In Oot., 1902, acquired 930,600,000 of the $60,000,000 Louisville &
Nashville RR. stock for $10,000,000 cash, $35,000,000 in 4% collar,
tr. bonds and $5,000,000 stook.
V. 75, p. 733, 792, 905; V. 79, p. 785
aame being
Stock.—Atlantlo Coast Line RR. of Va., olass A, tax-exempt stook.
was assumed as so much of the common stook of the new company
la Nov., 1902, the authorized common stock was inoreased by $15,000,000; of the new stook $5,000,000 was given in part payment of
A
controlling Interest in the Louisville
Nashville stock, $8,500,000
additional being subscribed for as part of the same transaction at
$125 per share. In Nov., 1904, the authorized common stock was increased to $50,000,000; of the new stock, $7,330,000 being issued as a
20 p. 0. scrip dividend, raising the total amount outstanding to $43,980,000. V. 79, p. 2204; V. 75, p. 1252.
The preferred stook ($18,850,000) was in 1902 mostly exchanged for
125 per cent In 4 per oent certificates of indebtedness. V. 75, p. 1252.
(p. 0.)—
)
(inol. class "A")... >
Preferred (M &N.)
>
Dividends
1900. 1901. 1902. 1903. 1S04.
1905.
31
Hi
5
5 -Jane's
5
2»s
5
5
5
*A1po 20 p. c. In common stock scrip and 5 p. c. in Atlantio Coast
Line Co. 4 p. 0. certs, of indebtedness. V. 79. p. 2'204.
On certs, of indebtedness in full to April, 1905, Inol.
Bonds.— First consol.4s of 1902 ($80,000,000 authorized, limited to
$20,000 per mile) are a first lien on about 791 miles of road and a
blanket flen on the remaining 3,133 miles owned, subject to the underlying bonds. The first consols are issued or reserved as follows:
Issued for refunding, eto. V. 75, p. 76; V. 77, p. 1872; V. 78,
p. 819; V. 80, p. 1174
$42,139,000
Common
Reserved to take up underlying liens
28,892,6^0
Reserved for extensions, Improvements and equipment..
8,968,350
Holders of certain underlying bonds (marked * in table above) are
given the right until May 1, 1905, to exchange them at par for 1st
oonsol. 4s of 1902. V. s-0. p. 161.
mortgage for $2,000,000 was authorized in Nov., 1904, to acquire
the Jacksonville & Southwestern, Jacksonville, FJa., to Anderson,
90 miles, and to extend the road 80 miles. V. 79, p. 2204.
As to the $35,000,000 collateral trust 4s of 1902 see "Organization"
above. Tney are subjeot to call at 105 In amounts not less than $100,000. Car trusts $80,000, due $10,000 quar., Mar., 1905, to Deo., 1906.
Latest Earns.— 8mos. ) 1904-5. Gross, $14,009,170; net, $5,029,374
July 1 to Feb. 28.
13,218,232; net, 4,912,000
S 1903 4 Gross,
For 6 m03. ending Dec. 31, 1904, net, $3,774,167, against $3,509,695 in 1903; other income. $1,161,136; charges. $2,818,828; divi-
A
.
dends (21
p. c), $959,417; bal., sur., $1,167,058.
for the year ending June 30, 1904. was given at
In V. 79, p. 2200, 2209 (see also editorial, p. 2176).
Report
N.
N.
S.
July
July
Jan.
July
Nov.
do
do
do
do
do
length
1, 1929
1, 1929
1, 1905
1, 1931
1, 1936
1, 1938
1, 1905,
May
Co.'sOffloe,2Wall8t.N.Y Mar.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
S.
N.
S.
New York.
N.
do
do
O.
J
Mar.1,'05,2%
July 1, 1925
July 1, 1948
July 1, 1925
Nov. 1, 1925
Nov. 1, 1941
Moh. 1, 1911
May 1, 1906
do
do
Oct.
July
*1903-4.
Palatka, Fla., to Brooksville 145
Branches, eto
1,534
f See these companies.
Fla
897
Norfolk. Va., to South Rocky
115
Mount
Sept. 1, 1934
&
Gross receipts
Operating expenses and taxes
1,
1.
1935
1946
1902-3.
$20,544,975 $19,682,456
12,827,093
12,612,337
Net receipts from traffic
$7,717,882
*Ir come from other sources (estimated for
$7,070,119
2,115,154
1,152,952
$9,833,036
$4,692,015
857,538
1,832,500
86,335
*8,223,071
$4,174,448
1,055,595
1,620,000
94,076
1904)
Total net receipts
on bonded debt, etc
Interest on certs, of indebtedness
Dlvidendson com. stock (5 percent)
Dividends on pref. stock (5 per cent)
TTTnterest
Bal ance, surplus
$2,364,647
$1,278,953
'Includes 12 mos. dividend, or $1,530,000, on L & N. stook owned
in 1903-4; in 1902-3, 6 mos. dlv. ($765,000). fl Includes 12 mos. Interest, or $1,400,000, on L. & N. col. trust bonds in 1903-4; in 1902-3,
9 mos. interest, or $1,050,000.
Officers.—Chairman of Board, Henry Walters; President, R. G.
Erwin; 1st Vloe-Pres., Alexander Hamilton; 2d Vice-Pres., C. 8. Gadsden; 3d VioePres., T. M. Emerson; 4th Vioe-Pres., J. R. Kenly: Gen.
Man., W. N. Royall; Sec. Herbert L. Borden; Treas., James F. Post.—
(V. 80, p. 1174.)
Southern Ry.)— West NorAtlantic &. Danville It v,— (See
folk, to Danville, Va., 203 miles, three branches, 22 miles; James River
Junction to Claremont (3 feet gauge) 50 miles; total, 275 miles. Leased
Hap
from Sept. 1, 1899, to July 1, 1949, for taxes, repairs,
maintenance and oash rental sufficient to cover interest charges, with
privilege of renewals for terms of 99 years. In addition the Southern
Ry. agrees to pay the same rate of dividends on common stock as paid
on its own common stook. V. 71. p. 447; V. 79, p. 625.
Stock.—Common, $2,180,800. The pref. shares were oanceled July
to Southern Ry.
1,
1904. See V. 71, p. 181, 862; V. 73. p. 722, 956; V. 79. p. 625.)
Bonds.—Of the $4,425,000 fours of 1900 $500,000 oan be Issued only
for improvements upon request of Southern Ry. Of the $1,525,000
second 4s, $775,000 were Issued July 1, 1904, and $750,000 balance
will
be on July
1,
1909.
V. 77, p.
195-
(
V. 79, p. 785, 967.)
Atlantic & Gulf Short Line.—See V. 73, p. 615; V. 76, p. 1354.
Atlantic &. Lake Superior Ry.—In July, 1904, operated Metapedla, Quebec, to Paspebiao, 100 miles (Bale des Chaleurs Ry.); owned
St. Gregolre to Nloolet, 7 m.; St. Francis to Yamaska, 6 m.; Yamaska
to Sorel, 10 m.; Laohute to St. Andrews, 7 m.; total, 130 miles. Was
under construction, Paspebiao Juno, to Port Daniel, 21 in.; Pierre villa
to Nloolet, 15 m.; St. Gregolre to Chaudlere Juno., 67 m.
The reorganization plan filed in Dec, 1904, given In V. 80, p. 161,
provides for retirement of old securities and outstanding obligations
by issue of new securities, viz.: $750,000 4 p. o. first debentures (int.
accruing from July 1, 1905) and $750,000 5 p. 0. second debentures
(int. from July 1, 1906), due Jan. 1, 1936, or earlier at option of com
pany, int. J. & J., and $1,500,000 stook in $100 shares.
During year 1903-4 road was operated by trustee for bondholders.
Stook authorized, $10,000,000; par, $100 Issued, $2,602,500. Bonds
For year ending June 30,
outstanding as collateral, £500,000, 4s.
1904, gross, $57,346; net, $11,663. President, Hon. J. R. Thlbaudeau;
Armstrong,
Montreal.—
(V. 80. p. 161.)
Sec. Edgar N.
Morehead City to Goldsboro,
North Carolina
Atlantic
N. C, 95 m. State of N. O. owns $1,266,500 of $1,797,200 stook.
Leased from Sept. 1, 1904, to Jan. 1, 1996, to Atlantio & North Carolina Co. for interest on bonds, taxes, etc, and dividends at 3 p. 0.
yearly for 20 years, Increasing is per cent yearJy every 10 years until
thereafter, 6 p. c; lessee also agrees to expend
5 p. c. is reached
$250,000 by Sept. 2, 1907, for improvements and equip. V. 79, p. 967.
Dividends.— ) *92. '93. '94. 1895. 1896. 1897. 1898. 1899. Since,
2
2
Percent.
Earnings.—For 9 mos. ending Mar. 31, 1904, net earnings above
charges were $44,772. See V. 78, p. 2010. For year ending June 30,
19U4, gross, $331,333; net, $109,512; int., taxes, etc, $30,683; Improvements, $41,879; baL, surplus, $36,950. President, Marsden J.
Perry, Providence, R. I.; Vice Pres., Frank S. Gannon, 621 Broad(V. 79, p. 1331.)
way, N. Y. General offices, Goldsboro, N.
Western Ry.—See Georgia So. A Flo. Ry.
Atlantic Valdosta
Mlllen to Augusta, Ga., 53 miles,
Augusta A Savannah
In 1895, re-leased to Cen. of Georgia at 5 p. 0. on stook.— V. 61, p. 239.
;
&
RR.—
;
52220
&
RR.—
Augusta Southern RR.—Owns
22
O—
from Augusta to Sandersvllle,
Ga., 80 m. , and Sandersvllle & Tennllle RR., 4 miles. The Southern Ry.
in Jan., 1901, acquired about four fifths of the stook. V. 73. p. 343.
Com. stook, $400,000; pref., $350,000; par, $100. Year ending June SO,
1904, gross, $142,212; net $8,884; Interest on bonds, $20,000; del.,
$11.116. -(V. 72, p. 935.1
Augusta I ntoii Station Co.— Owns union passenger station at
Augusta, Ga., used by all roads entering the city, the latter nnder
their operating contraot providing for interest on the bonds and 4 p.o.
dividends on stock. Stook, $75,000 (5 p. c paid in), held equally by
«
2
RAILWAY STOCKS AND BONDS.
Apr., 1905.]
RAILROADS.
Date
Miles
Size,
or
1521
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due
Rate
When Where Payable, and by Stocks—Last
Amount
of
Par Outstanding
For explanation of oolumn headings, <fec, see notes of
Road. Bonds Value.
Per cent. Payable
on tlrst page of tables.
Baltimore
B.
AO.
OMo—(Oon.)—Bom>a Underlying So
<£
8.
TJTBTW
Pittsb. Juno. A Mid. D IV. 3*2
144
Oent.O., $2,500.000.con.lst M.(lstl'n) g.ITIeBa.o
Sand. Mans. & Newark, $2,300,000, 1st M.Un.o* 116
7
Pittsb. June, 1st mort., $1,440,000, gold. Me. .o*
o*
7
2d mortgage. $300,000, gold.
Pitts. Jo. Ter. 1st M., $500,000, g., gu. p.& l.Me
West
Bonds Underlying PiiTSB'g Lake Erie
192
Wheel. Cons. M. (now 1st) g. Usm.o*
Clev. Lor.
General mort., $1,000,000, gold, red. 105.N...0 192
102
Con.ref.M.,$10,000,0C0, g., red. atl02ia.Col.o*
Me-o*&r
88
Clev.Term.A Val.lst M., g., gu
30
nlonong. River RR., 1st M., g., gu. B. &O.Ce...o*
72
M.,
1st
$250,000,
Little Kanawha Ry..
Ohio
g
Ohio River, 1st mort. ($2,000,000), gold FP..O* 172
miles
209
gold,
1st
on
39
o*
Gen. M. ($3,000,000),
33
Rav.Sp.&Gl. 1st M., $400,000, g., gu. p.&i.FPo*
11
Huntington A Big S. 1st M. ($400,000), g., gu.o*
13
Riplev A Mill Ci^k 1st M.,g., gu. p.<fcl.,end.o*<fcr
77
Pittsb. Clev. & Tol.lst M., g.,oalled 125 Feb.l..'03
30
L. E., 1st mort., ext. In gold
Pittsb. Newcastle
215West., 1st (cons.) M. $10,000,000, g..0*
Pittsb.
3
Ellwood Short Line, 1st M., gold, $300,000...
A
&
&
&
W. Va. &P., IstM. g, 5s, scaled; red.par.MeBa.c*
Leased Lines, Etc., Securities.
Bait. A N. Y. RR., 1st M., gold, guar.MeBa.o&r
5i*
Mon. Rlv. Coal M., $1,500,000, g., s.f., red. at par
Schuyl. R. E. S. RR. 1st M., g., guar. p. & i., end.
8. 1. Rap. Tr., 1st M., $1 ,000,000, g., $ or *.Us.C*
...
12
11
13
Me
o*
Ry., 1st mort., $1,000,000, gold.
B. A O. Equipment Obligations—
Real estate and car trusts Sept. 30, 1904
Car trusts, gold, $1,000,000 due annually. S....0*
S.
I.
Baltimore
A Potomac— Bee Phila. Baltimore
Bangor <6 A roostook —Stook, see text.
1st mortgage ($16,000 per mile) gold.O
2d mortgage, gold. V sm
x Largely owned by or for Baltimore & Ohio.
o'
*
1,588,977
6,000,000
RR.—
;
RR.—
,
—
A
&
-
A Cumberland Valley Extension RR.—Waynes-
boro to Shippensburg. Pa., 26 52 miles. Leased to Western Maryland
RR. for 50 yearsfrom July 1, 1881, with privilege of renewal for interest on bonds and divid. on stock, amounting in all to $42,730. See
table above and V. 75, p. 665. Year ending Sept. 30, 1900, gross
earnings, $301,096, against $269,695 in 1898-9; net (over taxes),
$168,007, against $134,548.— (V. 75, p. 665.)
Baltimore A Harrisburg RR.— Emory Grove, Md., to Orrtanna, Pa., 59 miles, with branohes, 7 miles, total, 66 miles. Leases
Bait. & Harrlsburg Ry., Western extension, Orrtanna to Highfleld, 15
miles, guaranteeing interest on its bonds. Leased to Western Maryland
RR. for 50 years from Oot. 25, 1886; rental, Interest on bonds and 5
p. o. on preferred stock (all paid M. & N.) Stock, common, $690,000;
pref., $29,100. -(V. 44, p. 812.)
Baltimore A Ohio RR.—f See .Map;.— Road.— Operates from Baltimore to Philadelphia and Baltimore to Chicago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being in July,
1904, 3,987 miles. The " Royal Blue Line" (see Central RR. of N. J.)
gives the road access to New York.
The system embraces, subject to the mortgages, the following lines:
Prior lien :%% M.-(l,076 miles) Miles. Pittsburg & Western
1219
-
Bait, to Wheeling. Belpre. O., etc. ..721
Pittsb. Cleveland & Toledo
Pittsb. Painesv. & Falrport
77
63
Eastern Ohio
17
Trumbull & Mahoning
U
Monongabela River RR.
30
Clev. Terminal & Valley
62
Cleveland Lorain & Wheeling Ry
Belpre. 0.,vlaClncrn.toSt.L..etc. 930
Wheeling to Cleveland, Jtc
1195
PH>*. June. »%% At. -(384 mi)es;Af«es Ohio River RR. Lines.
Bellalre to Midland City,
to Sandusky, O
Shawnee
>
j
„„„
*"'
Pittsburg Junction Kit
7
P. L. B.Sc W. Va.SvsAi M.(»l,642m.)
West Virginia & Pittsburg
ne
.
•
Includes 884
m
also covered
by
Benwood to Wheeling, etc.
West Virginia Short Line RR
Ohio & Little Kanawha RR
T265
68
74
Total of all (adding Baltimore
Belt and other lines)
4,442
Pitts. Jot, 1st
M.
f See this
4g.
J.
1,550,000 3 In 1904 J.
3,360,000
5 g. J.
151,000
5g. J.
100
211 1893
1,000
211 1895
1.000
"Tot al issu ed" sho
;
Cumberland to Pittsb. & W.,etc. 356
1st M. 4%.— (681 miles)
Baltimore to Philadelphia and brs.137
Chicago, 111., to Akron
878
Branches to Fairmont. W. Va., eto... 66
Smith W, Dlv. $%% ii-
x350,000
876,000
company.
wn
in first
1
eft
hand
A
&
A
A
O.
do
do
do
do
do
do
O.
do
do
New York, 2
J.
J.
J.
3.
Various.
Co.'sOfflce,2WallSt.N.Y Sept. 1
do
do
Jan. 1
1930
1909
July 1 1922
July 1 1922
Oot. 1 1907
J.
J.
INGTO N.
Owns from Vail Station, Pa., to LookBald Eagle Valley
branohes to Sugar Camp, eto., 43 miles,
haven, Pa., 51 miles
Leased to Penn. RR. Co. for 99 years from Deo. 7, 1864. Rental, 40
per cent of gross earnings. Rental 1904. $371,504; other Income,
$25.663 int., taxes, etc., $41,112; dlv. (10 p. a), $140,625; bal., sur.,
$215,428. Rental In 1903, $359,998. Pennsylvania RR. Jan. 1, 1905,
owned $706,250 stock.— (V. 66, p. 708.)
Annapolis Snort Line
Owns road from
Baltimore
Cliffords to Annapolis, Md., 22 miles. In 1897 acquired control of
Annapolis Washington & Baltimore RR. Co. owning 3,575 out of 3,580
shares of its stock, all pledged under the mortgage, which was sold
In Dec, 1902, to the Washington Baltimore A Annan. Electric Ry.
for $367,400. The $334,000 bonds were called and paid June 1,
1903. V. 75, p. 1301. Common stock issued, *358,000; there is also
$500,000 of preferred stock authorized, but none issued.
Dividends- ) 1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905.
7i*
5
6
Percent.
\
6
6
7
7>a Jan., 4
Year 1903-04, gross, $167,693; net, $61,485; taxes, $6,098; dlv., 7*s
(V. 76, p 809)
p.O., $26,850; surplus, $28,537
Atlantic Ry.—Owns Claiborne to
Baltimore Chesapeake
Ocean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Claiborne to Baltimore, 44 miles, transfer is made by water; steamer lines
owned, 1,426 miles; total mileage owned and ooerated, 1,514 milesControlled by Penn. RR. and allied lines. V. 69, p. 541, 590; V. 59,
p. 371. Pref. stock, $1,500,000 5 p. o. cum.; common, $1,000,000.
Dlv. on pref., 2 p. c. paid Mar, 6 1905. V. 80, p, 1058.
The stockholders voted on Jan. 2«, 1905, to acquire a majority
of the stock of the Maryland Delaware & Virginia Ry., extending from Queenstown, Md., to Lewes, Del., with branches, a total of 84
miles, and guaranteeing $2,000,000 of its first mortgage bonds. See
that Co., V. 80, p. 116. J 05)-.
Fiscal year now ends Dec. 31. Report for 16 mos ending Deo. 31, '04
was in V. 80, p. 14'20, showing gross, $1,124,009; net, $20 1,879; other
Inc., $8,550; taxes, S3, 165; interest, $83,333: extraorduiarv expenditures, $9,707; balance, sur., $ 16,223. -(V. 80, p. 1362, 1 420.)
Baltimore Cumberland (RR. and Ry.)—The Railroad extends from State Line, Md., to Waynesboro, Pa., 4 55 miles; stock
$76,700 in $50 shares. The Railway extends from Edgemont, Md., to
State Line, Pa., 3 miles; stock, $42,500 in $100 shares. Both are leased
to Western Maryland RR. for 50 years from July 1, 1879, with prlvlege of renewal or purchase; rental, interest on bonds.
Baltimore
A
g.
g.
J.
J.
J.
8.
J.
J.
J.
A Tr.
A D.
do
do
do
& J.
do
do
M.
N.
do
A
4 g.
do
do
5 g. P. A A.
do
do
5 g. M. A S.
do
do
5 g. J. & D.
do
do
5 g. A. A O.
do
do
6g. F. A A.
do
do
6 g. J. & J.
do
do
6 g. F. & A.
do
do
6g. A. A O.
4g. J. & D. Allegheny, Pa.lstN.Bk.
4 g. J. A J. N.Y., J.P. Morgan A Co.
New York City.
5g. F. A A
4g. A. & O. Co.'80fflce,2 WallSt.N. Y
do
do
5 g. M. A N.
5 g. J. & D. Bait., Am. Bond'g & Tr,
4g. J. A D.
6 g. A. & O. N. Y., foot Whitehall St.
4*3 g. J. & D.
New York City.
303,000
50,000
444,000
82,100
2,382,000
300,000
4,000,000
i'.obo
A.
5
5
g.
g.
4*2 g.
2,000,000
2,941,000
376,000
1901
5g. A.
&
&
A
A
A
7
6
5
700,000
228,000
5,000,000
xl,000,000
511,000
p. c. thereafter.— (See V. 63, p. 512; V. 62, p. 318, 589.)
A
5,000,000
890,000
950,000
3,302,000
1,000
1,000
1,000
1,000
1,000
RR.—
A
Dividend.
Various N. Y., Farmers' L.
4*s g. M.
638,000
•959,000
*250,000
*19 1,000
1889
1895
1903
1883
1893
Southern Ry., Atlantio Coast Line RR. and Georgia RR. V. 78, p.
2333; V. 79, p. 500. President, Thoa. K. Scott; Seo'y and Treasurer,
Carlton Hlllyer, Augusta, Ga.— ( V. 79, p. 500.)
Austin Northwestern RR.— See Houston A Texas Centr'IRy.
Mt. Morris to Avon, N. Y ,
Avon Geneseo Mt. Morris
18 miles. Leased to Erie RR. Feb. 26, 1896, in perpetuity at 2** p. o.
on stock for 4 years from Jan. 1, 1896, 3 p. o. for 1 year more and 3*«
&
1,009,000
....
A Wash
g.
s.
1886 $1,000
1869
1,000
1882
1,000
1894
1,000
1887
VlRGI NTA 48.
1893
1,000
1896
1,000
1900
1,000
1895
1,000
1889
1,000
1900
1,000
1886
1,000
1887
1,000
1890
1,000
1892
1,000
1888
1,000
1882
1,000
1878 100 Ac.
1887
1,000
1890
1,000
176 1890
1,000
Me
A
$7,000 Var.,
o*
W. RR.. eto
Bonds Underlying
Whom.
ESTER nDivisi ON 3*38.
Wall
8t.
N. Y., Guar. Trust Co.
Oct
1
June
1
Jan. 1
Nov. 1
Feb. 1
Moh.
June
1
1
Apr. 1
Aug. 1
July 1
Aug. 1
Oct.
1
June 1
July 1
Jan. 1
Apr. 1
May
1933
1936
1930
1995
1919
1950
1936
1937
1920
1923
1908
1922
1917
1917
1920
1990
1
1939
1945
1925
1913
1943
To Deo.
31, '10
1
Deo. 1
June 1
Jan. 1
June
Jan. 2, '05, Ha
Jan. 1, 1943
do
do
July 1, 1945
oolumn balanoe being owned byB.&O.
,
Histokt.— 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
toreolosure and the road vastly Improved in physical condition.
The reorganization of the B. <fe O. Southwest, was effected and new
securities issued in Sept., 1899, per plan In V. 67, p. 688, the oonsol.
mortgage of 1893 having been foreclosed. In January, 1900, new securities were issued under the plan of reorganization of the Cent.
Ohio and other leased lines. V. 67, p. 688, 1109, 1206, 1356.
Reading Co., &C— In 1901 $68,565,000 (virtual control) of the
$140,000,000 Reading Co. stock, consisting of $12,130,000 first preferred, $28,530,000 second preferred and $27,905,000 common was
acquired, the Lake Shore & Michigan Southern Ry. Co. (Vanderbllt
system) taking about one-half. V. 76, p. 101. In 1903 a one-sixth Interest in $6,924,200 of the $11,000,000 Hocking Valley Ry. common
stock was acquired.
V. 77, p. 1225; V. 79, p. 2746.
Pennsylvania RR. Interest.— The Pennsylvania RR. Co. purchased
a large interest in 1900-01 and on Jan. 1, 1905, owned directly $21 ,480,000 preferred and $30,293,300 common stock; also— through the
Northern Central and Phlla. B. & W. (each owning one-half)— $2,000,000 preferred and $1,562,000 common stock, and through the Pennsylvania Co. $5,000,000 preferred and $11,044,600 common stock.
V. 70, p. 76; V. 74, p. 528; V. 78, p. 1276.
Stock.— Authorized issues: Common, $125,000,000, see " General
Finances" below.; pref. 4 p. c. non-cumula ;lve, $60,000,000; outstanding, see table above and " General Finanoes." Pref. stock dividends
are limited to 4 p. c.
(See V. 71, p. 1166, *nd edit., p. 1143; V. 72, p.
1186.) Votingtrustdissolvedln Aug., 1901.
Dividends (p. c.)
1901. 1902. 1903. 1904. 1905.
) 1900.
Common
>
2
4
4
4
4
Mar.,
Preferred.
4
4
4
4
4
Mar.,2
>
Dividend policy 1904-05, V. 80, p. 599.
Bonds.— (1) Prior Lien 3^%, a first lien on main line and branches.
Parkersburg branch and Pittsburg division, about 1,076 miles of
tlrst track, and 1,325 miles of second, third and fourth tracks and sidings, and also all the equipment now owned of the value of upwards of
$20,000,000, or hereafter acquired. Total authorized, $75,000,000, of
which $5,000,000 to be Issued only after Jan. 1, 1902 (at not exceeding
£1,000,000 a year) for the enlargment, betterment or extension of the
properties covered. See application to list, V. 69, p. 30; V. 78, p. 1906.
(2) First Mortgage 4 per cent Gold Bonds, Due July 1 1048, but subjeot
50 call, in whole or in part, after July 1. 1923, at 105; a first Hen on
".he Philadelphia, Chioago and Akron divisions and branohes and the
Fairmont Morgantown A Pittsburg RR., covering about 581 miles of
first traok and about 573 miles of second, third and fourth tracks and
iidlngs: also on the B. A O. Terminal property and the Baltimore Belt
SR. They are also a lien subjeot to prior lien mortgage upon main
line, etc. See application to list, V. 69, p. 30; V. 79, p. 211.
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 mortgages (1) and (2), or for
extensions, additions or equipment, at not exoeedlng
$1,500,000 a year for the first four years and at not
exceeding $1,000,000 a year thereafter, originally....
37,000,000
S) Southwestern Division 1st Mortgage 3^ per cents.
Virtually a first lien upon the properties constituting the B. <& O. Southwestern RR. system, or the
securities representing the same, oovering about 930
miles of first traok and about 401 miles of seoond
traok and sidings. Totallssue
$45,000,000
Of which issuable only at the rate of not exoeedlng
$1,000,000 per year for the enlargement, betterment
or extension of properties covered, originally
j,ooofioo
(4) B. <t O. Pitts. Jun. <S Mid. Div. 3^ per cents.
Exoeoted to be ultimately a first lien upon the railroads of the
Cen. O. system and Pitts. Juno. RR. Co., 385 miles in all—
Total authorized issue in no case to exceed
$20,000,000
Of which to be issued only at the rate of not exoeedir t
$1,000,000 per year for the first two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the mortgage
5,000,000
lojoo.ooo
Of which in partial exchange lor old bonds
4,000,00a
Sold to a syndicate for cash requirements
Of these bonds $6,175,480 are In hands of the public and $7,635,050
are pledged as part collateral for Pitts. Lake Erie & West Va. System 4s.
Note.—The underlying bonds still outstanding In Dec, 1904, are in
table at top of page. The underlying stooks still In the hands of the
public aggregated $5,027 par value.
West Virginia System mortgage refunding
(5) Pittsoutg Lake Erie
4 per cent gold bonds (authorized amount $75,000,000) are a lien on
1,642 miles, consisting of the Ohio River, Oleve. Lorain A Wheeling,
Pittsburg A Western, etc., forming a direct connection with Pittsburg,
Cleveland, Fairport, Lorain aucl Sandusky, subjeot to underlying
:
<fi
1522
RAILWAY STOCKS AND BONDS.
gVOL. LXZX.
5
:
RAILWAY STOCKS AND BONDS
Apr., 1905.]
RAILROADS.
For explanation of column headings, &c,
on first page of tables.
see notes
Miles
Date
Size, or
of
of
Par
Ban.dtAr.t Con.)— 1st M. Pisc.D.,$l,500,000,g.G.C*
Co.*
Van Bnren Exten. let M., $500,000, g
Co*
Aroostook No. 1st M., $225,000, gold
Coneol. refund'g mort., $20,000,000, gold.OB.o*
Aroostook County bonds (assumed)
Car trusts, $60,000 due A. & O. yearly.G
Bangor <t Portland— l&X, mortgage, gold
Bat\ <£ Hammondsport—lat mortgage, gold
Seoond mortgage, gold.Ce
Beaver <t EUicood— 1st mortgage, gold
Beech, Greek— Stock (guaranteed 4 per cent by end.)
o<fcr
.1st M.,g,guar. p. &i. (end.)
2d M. for $1,000,000, g.gu. p. & i. (eni).Un.OM
Clearf.Bitum.CoallstM.,int.gu.by Bh. Cr.,gold.c
Beech Or. Exl.—lst M., $4,500,000, g., gu.p.&.i.G.o*
K
BelLingh.BaydiBHt.Ool.— 1st M..$l,000,000,g.,s.f.
Belt L. Ry. of Montgomery— \st M., lawful money.o
Bell RR- <& Stock Yard of Indianapolis—Stock
Preferred stock, cumulative
1st mortgage for $1,000,000, currency
o
Belt Ry. of Ohattanoiga—1st ML, gold, HeBa
Belvidere' Delaware— Stock ($4,000,000)
r
guar, by United Co's, s.f
Consol.
f
r
mortgage J guar, by United Co's, s.f
r
of 1875 ) issue $600,000 reduced by s. f
UDltedCos.,
s.f
o*
$4,000,000 (guar. by
rental
Berkshire— Stock, 6 p. o.
Bessemer <£ Lake Erie Erie equipment trust
..
Looomotive equipment trust
Birmingham Belt- See St. Louis & San Francisco.
Bloomtfg & Sullivan RR.— 1st M., $400,000.. ..FP
2d mortgage, income, non-cum., $200,000. ..FP
77
33
15*3
412
'96'00
'80-'86
10
10
3
160
160
160
59
51
1
25
82
82
82
82
....
....
30
30
1889
1893
1899
1,000
100
<fec.
1,000
1,000
50
1886
1,000
1892
1,000
1891 100 &C
1901 l.OOO&c
1901
1,000
1890
1,000
50
50
1881
1,000
1895
1,000
50
m
1885
1,000
1887
1,000
1893
1,000
l.OOO
1903
100
*
1898
1898
1,000
1,000
1,000
1,000
$8,081,842.
Earnings of July, 1904, based on 3,986 miles, being entire system
(4,442 miles) except
Valley RR.of Virginia, Ravenswood Spencer & Glenvllie, Ohio & Little Kana-
& Valley, Cleveland Lorain & wheeling.
Annual Report.—Report for year ending June 30, 1904, was
wha, CleTeland Terminal
in V.
79, p. 2452, 2471. (See also editorial, p. 2430.) Average rate per ton
per mile, 5-82 mills In 1903-4, against 5-56 mills in 1902-03; average
revenue train-load, 401 tons, against 416 in 1902-3.
Year ending June 30—
1903-4.
1902-3.
Miles
3,987
3,935
Freight
$48,617,104 $47,756,251
Passengers
13,146,449
12,520,988
Mall, express, etc
3,307,528
3,172,395
Total gross earnings
1901-2.
3,884
$43,779,786
11,238,537
2,874,172
Operating expenses
$65,071,081
43,628,864
$63,449,633
39,569,964
$57,892,495
37,006,984
Netearnings
Other income (net)
$21,442,217 $23,879,669
2,276,160
1,222,991
$20,885,511
930,096
Total net income
Interest and rentals
$23,718,377 $25,102,660 $21,815,607
$9,627,851
$8,934,919 $10,162,833
ftxe8
1,305,510
1,239,726
1,175,062
£
Dlsoount, commissions, etc....
427,656
1,109,853
1,303,939
Dividendson pref stook
(4)2,400,000 (4)2,400,000 (4)2,400,000
.
common
Stock.. (4)4,970,482
A-.-.JT
Additions
and improvements..
Balance, surplus
2,000,000
(4)4,970,482 (4)3,039,848
3,500,000
2,500,000
x$2,986,878 x$2,947,680 x$l,233,925
rp n
dlffer8 ' rom that Bhown in pamphlet
owing to method of
„i^?£
„ J .?
charging
common stock dividend, the above beingreport
used for simplicity.
Executive Committee.— Oscar G. Murray, Chairman; J. K. Cowen; 8.
John
77*
X°lv
f\° V6enx James MoCrea and Samuel Rea; Pres.,
rG
Wurr a
1 8t
ce-Pres.,Geo. F. Randolph; Sec, C.
W. Wool-
,
^«•T M°.yNeal The Pennsylvania RR. is represented on
k" t'
8 *£. Pr V08t - John P. Green, Samuel Rea and James
5
MoCrea. ?,L
Other dlreotors:
R
J '} me Sp eyer Edward H. Harriman, Norman B. Ream,
p
i£«h" w JSo» )U. a e8 ?,. 8l
Jame8 Stlllman. Edward R. Bacon. Representln B state
st»?« of
nf Ikd.,
v 'iL. Victor Baugnman,
senting
a. P. Gorman.
N.Y. Offloe, 2 WaU 8t.-(V. 80, p. 471, 599,
995, 1174, 1423.)
^l°f
;£« h„
m^™?
J
*
d
i
-
-
^%
,
rt
-
oent.
1899 $1,000
1809
1,000
1897
1,000
1901
1.000
bonds outstanding thereon (see table above). In Apr., 1905, $27,437,
950 additional underlying bonds, including $7,635,050 Pittsburg Junction & Middle Division 3^8, were held in trust as part seourlty. Of
the total issue of bonds $36,674,000 are reserved to retire underlying
bonds and the remaining $11,245,000 are issuable for additions and
lmprov's. See full statement, V. 74, p. 266; V. 79. p. 2793; V. 80, p. 1423.
(6) The 4 per cent debentures of 1901 are convertible at the option
of the holder Into common stock at par on 30 days' notloe (see V. 73,
p. 1159); they may be called for payment at par and interest on
any interest day, beginning Mar. 1. 1902, in the Inverse order of their
numbers. V 72, p. 282; V. 73, p. 337. 1158; V. 75, p. 549.
Leased Lines.—Schuylkill River East Side 5 p. o. bonds were
purchased Deo. 1, 1903, at 110, per V. 68. p. 40, and $5,000,000 new 4s
issued, guaranteed, prin. and int., by endorsement. V. 77, p. 1745.
The West Virginia & Pittsburg (see agreement in V. 67, p. 1310),
has been operated since Sept. 1, 1899, under a 99 years' lease, for 4 per
cent on the mortgage, to be appropriated to payment of bond interest,
the B. & O. having the option for 5 years to purchase the bonds at par
and acorued interest on 60 days' notice. V. 69, p. 439.
The B. & O. has acquired at 125 $1,956,000 of the $2,400,000 Pittsburg Cleve. & Toledo bonds. V. 70, p. 632; V. 76, p. 47.
Finances.—In September, 1901, the authorized issue of common
stock was increased from $45,000,000 to $60,000,000, to provide
for conversion of $15,000,000 debenture 4s Issued in March, 1901, for
Improvements, etc. (V. 72, p. 282, 337). In July, 1904, $14,408,000
debentures had been converted. Stockholders In 1901 subscribed to
$22,537,200 additional common stock, at par, [V. 73, p. 1159; V. 74,
p. 150, 266,] and in 1902 to a further $42.31b,860 at same price, raising
the amount outstanding to $124,262,000. Of the proceeds of this last
issue, $20,533,000 is applicable to equipment, $9,329,000 to doubletracking between Newcastle and Akron and miscellaneous construction, and the remaining $12, 454,000 to acquire stocks, bonds, etc, to
be plaoed under Pitts. Lake E <& W. Va. System mort. V.i75. p, 549,|980.
In 1904, $10,000,000 of 2 year 4^ p. c notes were sold, secured by
a deposit of Reading Co. first and second preferred stock, with a
margin of 25 p. c, the company to have the right to substitute other
satisfactory securities. The prooeeds were used in part to retire $2,500,000 Staten I'd Rap. Transit bonds May 28, 1904. V. 78, p. 1446.
As to Reading Company stock, see also above.
In Mar., 1905, locomotives and freight cars wer« ordered at an agfregat- cost of b tween $12,000,000 and $13,0 10,000. V, 80, p. 995.
he $10,000,000 equipment bonds of 1901 are due $1,000,000 yearly.
Earnings—From July 1 to Mar. 31,1905 (9 months), including B.
& O. Southwestern in both years, were
1904-5
Gross, $50,358,185; net, $17,527,442
1903-4
Gross, 48,944,986; net, 16,469.814
For 6 mos. ending Dec 31, 1904, net, $12,900,000, against $12,728,446 in 1903; other income, $1,375,805; int., taxes.etc, $6,194,070;
bal., sur.,
Outstanding Rate per
'92-'95
mmm
INTEREST OR DIVIDENDS.
When Where payable, and
Amount
Road. Bonds Value.
1523
5 g.
$1,500,000
500,000
5g.
225,000
5g.
4 g.
4,975,000
728,000
4^
500,000 5g. &6
6 g.
320,000
100,000
5g.
200.000
5 g.
150,000
4g.
4
6,000,000
5,000,000
g
i g.
1,000,000
5
749,000
4g.
3i«g.
3,500,000
659,000
6
i
200,000
1,000,000 7 In 1904
500,000
6
1,000,000
6
275,000
5
1.253,000 5 In 1905
4
500,000
4
749,000
500,000
4
1,000,000
3H> g.
600,000
6
1,220,000
5
150,000
5
-
-
400,000
200,000
5
5
Bonds— jfriaoi
pal, When
by
Payable
Whom.
& O
& O
& O.
J. & J
Various
A. & O.
J. & J.
J. & D.
A. & O.
J. & J.
Q.-J.
J. & J.
J. & J.
J. & J.
A. & O.
N. Y., Guar. Trust Co.
A.
A.
A.
J.
J.
J.
<fc
<fe
&
Sta.
Apr, 1905.1%
do
1, 1936
1, 1936
1, 1940
1, 1951
1, 1932
1, 1910
1, '05,3%
do
Apr. 1, '05, l*a
Apr. 30, 1911
&
July 1, 1945
Philadelphia, Pa. RR. Feb. 24,'05.5%
Phila., W. H. Newbolds.
Dep.
J. Bait., Merc Tr.
Feb.
&
Y, Grand Cent.
N.
J. Indianapolis, Co. office. Jan.
J.
J.
Jan. 1, 1943
do
do
Jan, 1, 1943
do
do
Oct. 1, 1947
N.Y.,BrownBros.&Bos. July 1, 1951
Sept.l2Julyl5
N. Y., Guar Trust Co. To July 1,1910
N. Y., 26 Exoh. Plaoe.
1930-1936
New York City.
June 1, 1919
In default.
Apr. 1, 1923
July 1, 1919
do
do
July
do
do
July
N. Y., Knickerb'r Trust. Jan.
N. Y., Gr. Cent. Station. Apr.
D. N.Y.U.S.M&T.OO.& S.F. Deo.
J. N.Y.,Metropol'nTr.Co. Jan.
Q.-J.
M. &N.
&
M. &
F. &
J. &
Dne.
Slocks— Last
Dividend.
do
do
do
do
8.
A.
J.
J.
do
do
do
do
Sept. 1,
Stookbridge. Mass.
Q.-J. is
M. & S. HomeTr. .o.,Hobok.NJ
M..& S.
do
do
Mar.
J.
J.
&
&
J. Phila., F. I. T.
Phila., when
J.
1925
1, 1927
1, 1933
1, 1943
Apr., '05, lifl
Mar. 1, 1922
Feb.
Jan.
Jan.
& S.D.Co.
earned.
Jan.
Jan.
1,
1913
1,
1,
1928
1928
& Potomac RR.— See Phila. Bait. & Wash. RR.
Bangor & Aroostook RR.— (See Slap)— Oldtown, Me., north-
Baltimore
Van Buren, with branches; total 412 miles, viz.:
Miles.
Lines owned
Miles.
Brownville to Caribou and br.. 205 Ashland Jet. to Fort Kent
96
Aroostook Northern, Caribou
Oldtown to Greenville and B. &
95
K. Lron Works
to Limestone
16
Organization.—Organized Feb. 13, 1891. State of Maine refunds
95 per oent of all taxes levied. For organization see V. 66, p. 855.
The Fish River RR.. Ashland, Me., to Fort Kent, 53 miles, was purchased In July, 1903. (V. 75, p. 977; V. 77, p. 35.) The Northern
Maine Seaport RR., incorporated in No*-., 1904. with $360,000
authorized stock, is building an extension from La Grange, Maine, to
Stockton Harbor on Penobscot Bay, 60 miles.
8tock.—Common, $1,550,000; 10.400 shares full paid and 100
•hares 5% paid. In July, 1903, $500,000 additional stock, included
above, was Issued to purchase the Fish River RR. V. 77, p. 35.
Dividends, 1*2 p.c, semi-annual Jan., 1904, to Jan., 1905, both lncl.
Bonds.— As to gold 5s on Pisoat. Division see V. 67, p. 1159; V. 68
Van Buren Extension 5s of 1899, V. 69, p. 952.
p. 84, 329.
Of the consol. refunding gold 4s, $12,500,000 were reserved to pay
off the outstanding bonds, inolurtiug those of controlled roads, car
trusts and preferred stock, and to acquire such controlled roads, $3,000,000 for improvements over a series of years and $4,500,000 for
extensions at $25,000 per mile inoluding equipment. V. 73, p. 286,
896; V. 74, p. 93.
Latest Earnings.— 8 mos., J 1904-5.. Gross, $1,364,197; net, $479,790
July 1 to Feb. 28.
(1 903-4.. Gross, 1,311,857; net. 482,393
Surplus over oharges, $107,579, against $105,530 in 1903-4.
Annual Report— Report for year ending June 30, 1904, in V. 79,
p. 2082, showing gross, $2,015,356; net, $756,414; charges, $560,070; betterments, $79,500; dtvldends (3 p. c), $46,500; bal., surplus,
$70,344. In 1902-3, gross, $1,800,168;, net, $669,609.— (V. 79, p. 2082.)
Bangor
Portland Ry.— Portland to Bath, Pa., 29 miles;
N azareth Jet. to Martin's Creek, 5 m.; other branches, 5 m.; total, 39
miles. Stock, $510,000, all acquired In 1900 by Delaware Laokawanna & Western RR. Dividend (6 p. c.) paid Jan. 15, 1901; in 1902,
p.c; in 1903, 4 p.c; in 1904, 7 p c; 1905, 8 p c For cal year 1904,
gross, $236,776; net, $86,204; oharges, $38,634; div. (8%), $40,800;
erly to
—
I
[
|
&
bal., sur.,
$6,770.
Batb & Hammondsport RR.—Bath,
N. Y.,to Hammondsport,
N.Y., lOmiles. Control acquired by ErieRR. In Oct., 1903. In Oot.,1904,
foreclosure suit under first mtge. was pending. V. 79, p. 1954. Stock
$100,000: oar, $100. Year ending June 30, 1904. gross, $33,029; net,
$12,502; int. and taxes, $16,391; bal., def., $3,889.— (V. 79, p. 1954.)
Bay of Qulnte Ry.—V. 74, p. 150
Reaver &, El wood
Ell wood Jot to Hazen Coal Mine, Pa.
3 miles. Leased to Pittsburg & Lake Erie RR. for 20 years from May
1, 1899, rental being 40 p. o. of gross earnings. Stook, $150,000, par
of shares, $100. Bonds, see table above.
Beech Creek
( See Map adjoining N. Y. Central. )— Road—
Jersey Shore, Pa.,to Mahaffey,112 m; branches, to Philipsburg, to mines,
RR.—
RR.—
&c, 48
miles; total, 160 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 oent
on stook, and since May I, 1899, operated directly as a part of its
Pennsylvania division. V. 68, p. 872. Carries mostly ooal and coke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Central's guaranty of prin. and int. See V. 52, p. 570.— (V. 75, p. 1398.)
— (See Map adjoining W.Y. Central.)
Beech Creek Extension
—Clearfield, Pa., to Keating, 52-08 miles; Rossiterto Rossiter Jot., 2 86
m.; MoElhattan to Browns, 1-21 m.; Cataract to Potterdale, 2 09 m.,
total, 5824 miles; operated from July 1, 1902. A low-grade ooal line,
leased to N. Y. Cent. & Hud. River RR. (which owns entire $4,500,000 stock) for 999 years from May 22, 1901, bonds being guaranteed,
principal and interest. The Curwensville & Bower, Pittsburgh &
Eastern and Clearfield Southern, aggregating 71 miles, with 20 miles
of trackage, will b« merged, the consolidated company to be leased to
N. Y. O-ntral for 999 years from June 1, 1905. V. 80, p. 1174, 1479.
-(V. 73, p. 1356; V. 80, p. 1174.)
BR
-
Belllngham Bay
&
British Columbia
RR.— Whatcom to
Cornell's. Wash., with spurs, 51 miles; branch from Hampton to Lynden, 5 miles; total, 56 »« miles. Stock, $1,000,000, all owned by New
York and San Franoisoo parties. Year ending Deo 31, 1903, gross
$227,956; net, $92,494; other income. $857; int. and taxes, $40,374;
bal., sur., $33,504. President, H. H. Taylor.— (V. 78, p. 342.)
Belt Miic By. of Montgomery.— Owns
real estate and a belt
Montgomery, Ala., about one mile of traok on Tallapoosa,
Bell, Perry and Columbus streets. Atlantic Coast Line RR. pays an
annual rental of $lti,000. Atlantio Coast Line RR. owns about 92 per
oent of the $200,000 stooks, par. $100. Year ending June 30. 1904,
gross, $20,375; net, $2,388; bond Int., $12,000; bal., def., $9,612.
Belt Railroad & Stock Yard of Indianapolis.— Owns 14
miles of belt road, etc. Leased for 999 years to Ind. Union— which see.
DrviD.— ) Preferred in Com. '95. '96. '97. '98 to '02. '03. '04. 1905.
6i* 7
yrly.
Jan., 3
Since 1894 { full to date. stk. p.c 5
Pres., S.E. Rauh, Indianapol's, Ind.— (V. 77, p. 2389.)
line In
4^05
RAILWAY STOCKS AND BONDS
1524
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KAILROAD AND CONNECTIONS.
p
p
:
RAILWAY STOCKS AND BONDS.
Apr., 1905. J
RAILROADS.
Miles
Date
Size, or
Amount
of
of
Par
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding
on first page of tables.
Boca
<i
loyalton— 1st M., $675,000,
Boonvillc
St. L. <C
South.
g., call
110...
o*
56
44
392
Ry.— lstM.g.,$l,000.000.c*
Boston <& Albany—Stock ($30,000,000 authorized).
Bonds (not mortgage), guar. p. & 1
Bonds (not mortgage) $5,000,000
Bonds, $2,500,000, ourrency
Boston dk Lowell—Stock.
Bonds, not mortgage.
do
Bonds,
do
Bonds,
Boston & Maine gives
do
o*.
Bonds,
a rental guarantee
do
o*.
Bonds,
for 69 years.
do
Bonds,
do
Bonds,
do
o.. .
Bonds,
Stock, common and scrip.OB
<£
Maine—
Boston
Preferred stook, 6 per oent, non-oumulatlve.OB.
Improvem't bonds, s. f., not mort. or sub), to oall
Improvem't bonds, s. f., not mort. or subj. to oall
c«fcr
Bonds (not mortgage) for Imp. dtref
o&r
Bonds, not mortgage, gold
Bonds, $5,454,000, g., secured by Fltohb. stock..
Bonds, not mort., $1,000,000
Bonds, ($2,000,000) not mort.)
Bonds, n<>t mortgage
Eastern RR.certs.oflndebt.lstM., g.,B.f.,notdrn.c
o
Portsmouth Great Falls <fe Conway 1st mort
o,
Central Massachusetts, 1st M. IB, assumed
land
mortgage
notes
Charlestown
Port. & Roch. Terminal bonds (no mort.) ass'd.o
Boston <6 Prov.—Btock, 10 p. c. guar. 99 yrs., Old Col.
Bonds, not mortgage
o*
Boston Revere Beach <k Lynn — Stock
c\fer
1st mortgage, $1,000,000, gold.SB
Boston Winthrop & Shore 1st mort assumed. IB
$1,000
1,000
100
1902
1893
1901
1,000
1,000
1,000
1885-9
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1892
1893
1895
1896
1
Belt
1903
1881
1897-8
•99'01
1903
100
100
111
73
99
1887
1,000
1887
1,000
1892 1000&0
1894
1,000
1900
1,000
1901
1,000
1903
1000
1905
1,000
1876 $&*
1877 500&O.
1886
1,000
Var.
Var.
500
100
1892
68
88-'93
1,000
100
1897 1000&0.
1886
1,000
Railway (of Chattanooga, Tenn.).—Owns
25 miles of
belt railroad In Chattanooga, Tenn. V. 67, p. 72.
Histobt.— reorganization of Union Ry. foreclosed June 17. 1895.
Leased till July 1, 1945, to Alabama Oreat Southern RB.; rental guar
anteed to meet interest on 1st M. bonds, taxes and maintenance
Stock is $300,000, owned by Ala Great So. Ry. There are also $24,000
second inoome 4s, due 1945, but subject to oall at par since July 1, 1903
coupons paid from Jan., 1901, to July, 1901, incL.— (V. 63,p. boo )
A
Belvidere Delaware BR.—Owns from Trenton, N. J., to Manunka Chunk, N. J., 67. m.; Flemlngton RR.,<fec, 14 m.; operated out-off
1 m.; total operated, 82 miles. Leased to United Companies, and transferred to Penn. RR. Maroh 7, 1876. Net earnings paid as rental.
Stock.— Authorized, $4,000,000; outstanding Jan., 1903, $1,253,
000; par, $50. Dividends: 1897 to 1905, both Inclusive, 5 p. o. yearly
Bonds.— All of the outstanding bonds are secured by the consul.
mortgage of 1875 for $4,000,000; sinking fund 1 per oent of outstanding bonds If earned. The issues of 1885, 1887 and 1903 are guaranteed by the United New Jersey RR. & Canal Co. Guaranty. V. 76, p. 918
Earnings— In 1903, gross, $1,394,375; net, $235,255; Interest,
taxes, etc, sink, fund and other charges, $185,594; bal., sur., $49,661.
In 1902, gross, $1,121,127; net, $201,694.— (V. 76, p. 918.)
Bennington
Berkshire
6c
Rutland By.— See Rutland RR.— (V. 70, p. 685.
BR.—West
Stookbridge, Mass., to Connecticut State
Line, 21 miles. Road opened 1842. Leased April 1, 1893, for 99 years
Y.
H.
H.
RR.
N.
N.
&
for
expenses,
to
taxes and 6 p. o. on stock, paid
Q.-J. 15 at Housatonio Nat. Bk., Stookbridge, Mass. Lease to Housatonio RR. suspended but not oanoeled. Stook, $600,000.
Bessemer 6c Lake Erie BB.— Leases Pittsburg Bessemer bo
Lake Erie RR., Bessemer, near Pittsburg, Pa., to Conneaut Harbor,
Lake Erie, etc., with branches, a total of 209 miles, for 999 years
from Apr. 1, 1901; owns 9 m.; total 218 miles. V. 72, p. 137. Authorized to operate a railroad from a point of connection with the
Pitts. Bes. & Lake E. at or near Kremis Station, Pa., to a point on
the Jamestown & Franklin RR.. near Salem Station, Pa.;
Stock
authorized, $500,000. Controlled by the Carnegie Co. and so by the
U. 8. Steel Corporation. Guaranty of Marquette & Bessemer Dock A
Navigation bonds, V. 77, p. 1228; V. 76, p. 1358.— (V. 78, p. 1167.)
Birmingham 6c Atlantic RR.—Talladega to Pell City, Ala., 23
miles branches, Rogans to ore beds, 9 m.,and Furnaoeto Weislngers,
3m.; total, 35 miles. Stock, $1,000,000, all common; par of shares,
$100. Bonds, $500,000 forty-year 1st 6s, due Nov. 1, 1931 ($1,000
each), Int. payable M.&N., In default. Year ending June 30, 1903, gross,
$63,165; def. under oper., 131,085; bond Interest not paid. President,
Sidney H. March; Sec and Treas., John Carlsen, 25 Broad St., N. Y.
Bloomsburg 6c Sullivan RR.— Owns Bloomsburg to Jamlso 11
City, Pa., 30 miles. Stock is $600,000; par, $50. V. 66, p. 80, 952.
Year ending June 30, 1904, gross, $89,358; net, $38,485; Interest,
taxes, etc., $36,286; bal., surplus, $2,099.— (V. 66, p. 80, 952.)
Boca 6c Loyalton BB.— Owns from Boca, on Central Pacific
main line, nortnwesterly via Loyalton to Beckwith, 40 miles; 6 miles
additional main line and 10 miles of branches; total, 56 miles.
In Mar, 1P05, the Western Pacific Ry., it was reported, acquired con;
.
V. 80, p. 1174.
Stock, $1 ,200,000; par of shares, $15. Bonds oover also Roberts Lumber Co.'s property comprising 52,769 acres of pine lands, water-works
eto.; Mercantile Trust Co. of San Franolsco is mortgage trustee.
They are subject to call for sinking fund at 110 and interest.
9
Earnings for year ending July 31, 1904: Railroad,
•
'
%»\\
9
45 26 lumber ' « ro88 » $228,088; total, $373,214; total net,
>iT
, J^?i
f,146,310.-(V. 76, p. 1191; V. 80, p. 1174.
trol.
h„
'
Boise
Nampa 6z Owybee By.—Nampa
to
Murphy, Idaho, 30-45
miles, completed July, 1899. In 1901 was extended from Nampa north
to Emmett, 28 miles, under charter of Idaho Northern Ry. In Jan.,
9 4 ' e te 8lon from Emmett to Garden Valley, 45 miles, was reJ ?
ported
to be proposed. Stock, $1,000,000; par, $100. In Apr., 1903,
were t0 e~ l88u ed "at present." Year ending June 30, 1902,
S?o
™«
»
Jl
miles),
(58
gross, $59,320; net, $25,581. President, E. H. Dewey.
>I
l l e S 1, Lo
l8
Southern
BoonvUle to Versailles.
i ^ \y i i J
t
68,
t0 Mo p »o- till July 1, 1910, at annual rental or
aw-C'fth^a
»Z5,ooo, taxes, expenses, eto. Stook,
$250,000; par of shares, $125.
8
Albany
from Boston, Mass., to Albany,
v°
8 n ame r ous branches. 104 miles;
leased lines, 88 miles;
„
total
,
i
?
MBo
w
*
^^^P
By.—
-
B 5nn^o
RR.-Owns
SJEX
A consolidation of Deoember, 1867.
Leased tam ««???„ T"^
9 y6ar8 t0 the N Y Ce nt. & Hud. Riv. RR. for
=
KK»
«l™
dS
™™
rawantUS }^?J° , 2 P e
-
-
?" ° en t
on the $25,000,000 stook,
P er
y [Mar 3 et0 *• organization expenses, interest on
tuSS**
.
n8e
maintenance, etc. The B. & A. received
\°{
fo^ certain
0t Included in the lease $5,500,000 in N. Y.
year debentures, thus adding -77 per cent per
aCumtoTr>TlJ,?°"
annum
to 8 per cent guaranteed
on stock. See lease in V. 69, p. 282.
2
V 70 « P- 74 v 71 P- 645, 963.)
Bonus 0^1901 &> Un Jl 246;
w,ere for terminal facilities at Boston, of
which $i 000
ftB
-
-
'
nrn^
Cent3knBrSnn
"
!
ri-
-
-
ono!i5M
1218 v 72 p- 44 v 75 p- 752
dividmM.1 ,Fw&i 6v „71, ***
rate ot » per cent yearly were
^^"
paidfwmTnVvCsn^r
P
lea8e Slnoe ™00 8% per cent, viz.:
2V»
m in Mar. and
. . °»
H
*te
eaoh
£ p.
Sept., 21* p.
in June and 2i* p. 0. In Deo.
8
-
:
0.
Sff
1
;
-
0.
-
>
;
-
-
-
(1)
1525
Bonds— PnnolINTEREST OR DIVIDENDS.
pal.When Due
Rate per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
6g. A. & O N.Y.,U.8.M.&Tr.&8.F. Apr. 1, 1923
$400,000
6g.
25,000,000 See text.
3i*
3,858,000
4
3,627,000
31*
1,000,000
8
6,599,400
4
3,675,000
4
1,000,000
4
1,000,000
4
500,000
4
750,000
4
414,000
3i*
939.000
3i«
250,000
24,638,070 7 In 1904
6
3,149,800
4
500,000
4
1,919,000
4
2,500,000
4i3
6,000,000
g.
3 g.
5,454,000
3ifl
1,000,000
31*
2,000,000
31*
500,000
7.H22.244
6g.
41*
1,000,000
5
2,000,000
4
594,800
4
113,500
10
4,000,000
4
2,170,000
850,000 2 in 1904
4i*g.
561,000
5
289,000
& A. N. Y., Amer. Ex. Bank Aug. 1, 1911
Q.-M. Boston, Of. Ter. Station Mar. 31, '05, 2
F.
& O.
& O.
J. & J.
J. & J.
Various
A. & O.
F. & A.
M. & 8
A.
A.
J.
A.
J.
&
&
J.
O.
&
J.
M. & N.
Q.-J.
M. & S.
F.
F.
F.
J.
J.
M.
J.
&
&
&
&
&
A.
A.
A.
J.
J.
&N
&
J.
& A.
& 8.
J. & D.
A. & O.
J. & J.
A. & O.
Q.—J.
J. & J.
J. & J.
J. & J.
M. & 8.
F.
M.
do
do
do
do
do
do
Boston, at Office,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Boston, at Office.
Causeway
St.
do
do
do
do
do
do
do
do
Bost.;
1,
1,
1952
1913
Jan. 1, 1951
Jan. 3, '05, 4%
1905-6-7-9
Apr. 1, 1932
Feb. 1, 1913
Mch.
July
)
\
do
do
do
do
do
do
do
do
Lond., Baring Br.
Boston, at
Apr.
Oct.
offloe.
do
do
Boston Offloe <fe Fed.Tr.
do
do
Boston Term., room 424
do
do
Offl oe,or cheques mailed
1915
1916
Oct., 1917 & 18
1919 & 1921
May 1, 1923
July 1, '05. 1\
1,
1,
Mar.1,'05,
3%
Feb., 1907
Feb.
1,
Aug.
Jan.
1.
1.
July
Nov.
1,
1,
Jan.
Feb.
1,
2,
Sept. 1,
June 1,
Oot. 1,
Sept. 1,
Oot. 1,
Apr.
1937
1942
1944
1950
1921
1923
1925
1906
1937
1906
1906
1907
1, '05, 21*
July 1, 1918
Jan. 1, *05, 1%
Boston, State St. Tr. Co. July 15, 1927
Boston, State Nat'l Bk. Sept. 1, 1906
Earnings.—For 6 mos. ending Dec. 31:
Set
Oross
Oth. inc.
6 mos.—
Charges
Bal., sur.
$5,406,933 $1,891,968 $171,660 $1,835,514 $'^28,114
1904
1903
5,219,778
1,640,388
164,093 1,676,953
127,528
Earnings as reported to State RR. Commission by lessee:
Net.
Oiherinc. Int.,divs,etc. Bal., sur.
Oross.
Tear.
1903-4. ..$9,932,595 $2,793,121 $321,894 $3,354,836 def.$239,821
1902-3. .10,131.309
3,159.901
374.123
3,341.879 sur. 192.134
-(V. 73, p. 1312; V. 74, p. 150, 629; V. 75. p. 732. 1301.)
Road— Owns Boston to Lowell, 27 miles
Boston 6c Lowell
branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles:
others, 45 miles; Middlesex Central, 11 miles; leases— Conneotiout
& Passumpsio, 146 miles; Nashua & Lowell, 15 m.; Peterborough, 10
m.; Northern N. H., 83 m. (and subsidiary lines 90 m.); Stony Brook
RR.. 13 m.; Wilton RR., 15 m. Leases mostly assumed by Bost. & Maine.
Leases.—Leased In 1887 for 99 years to the Boston & Maine at 7 per
oent per annum on stook till Jan. 1, 1897, and 8 per oent thereafter.
Stock and Bonds.— Stook authorized, $6,599,400. The debentures
were described on page 2, Sdpp. of April, 1895. In Maroh, 1905,
$500,000 twenty-year 3*« per cent bonds, dated Sept. 1, 1905, were
sold to refund the $500,000 4 per cents maturing on that date. (V
80, p. 116, 995.)
Boston 6c ITIaine
Road—The system with its many branoh
lines covers the territory from Boston, Mass., to Portland, Maine,
(two divisions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jot.
and Troy, N. Y., Worcester, Mass., to Portland, Me., and all important places in New Hampshire
fl See this company.
Lines owned.
Miles.
Lines leased— (Ooncl.)
Miles.
Boston,Mass.,toPortland,Me.
Fltchburg
fl458
BB.—
RR.—
W. Div
115 Nashua & Lowell
fll5
Boston to Portland, E. Div
108 Worcester Nashua A Rooh... if 94
Conway Juno., Me., to North
Conneotiout River RR
u 80
Conway, N. H.
73 Other
72
Portsmouth Eleo. Ry
18 Traokage rights
9
Portland, Me., to Rochester,
Total operated July 1, 1904.. 2,290
N. H
54
2d traok (3rd & 4th tr. 10) . 523
No. Camb. Jot, to Northampton, Mass
96 Controls Me. Cent, (which see) .816
Sundry branohes
152
St. Johnsbury & Lake Champ. 131
Lines leased.
York Harbor & Beaoh
11
Boston & Lowell
Vermont Valley
1T469
24
Concord A Montreal
Sullivan County
11477
26
Organization, Etc.—An agreement with N. Y. N. H. & H. regard. .
.
ing division of territory was made in 1893. V. 56, p. 464.
Stock.- Of the $24,638,070 stock outstanding Jan., 1905, $1,128,200 was held by trustees as collateral for Eastern RR. certs, of indebtedness. V. 69, p. 129.
The stockholders voted on Oot. 8, 1902, to
Issue $1,000,000 additional common stock (of which $200,000 waa
sold in Jan.,1903, and $800,000 inDec, 1905) and $2,000,000 bonds for
Improvements and equipment. V. 75, p. 665; V. 79, p. 2746, 2794.
Dividends.
*87 '88 '89 '90 '91 '92 '93 '94 to Jly, '99. To July,1905
9i* 9
8
8
6 yearly.
7 p. 0. yearly
Bonds.—As to debentures see Supplement of April, 1895. Under
the lease of the Fltchburg RR. the B. & M. issued Its $5,454,000
fifty-year 3 per cent gold bonds to purchase, $ for $, the same amount
of Fltchburg common stock held by the State of Massachusetts and by
private persons; V. 70, p. 175.
In 1901 $1,000,000 bonds were
sold for permanent Improvements upon various leased lines and in Jan..
and
1903
1904, $2,000,000; V. 73, p. 553,783,1111; V. 75, p. 665,
1301 ; V. 78, p. 767. Notes payable Deo. 31, 1904, $1,000,000.
In Nov., 1904, $500,000 twenty-year 31* per oent bonds, dated Feb
2, 1905, were sold to provide balance necessary in addition to sinking
fund on hand to retire $1,000,000 improvement bonds falling: due Feb.
2, 1905. V. 79, p. 1638, 1641, 2204.
B.
M. guarantees $1,328,000 first 5s of St. Johnsbury & Lake
Champlain. Also Interest on $274,000 Manchester & Lawrenoe 4a.
Jointly with M. Cent, guarantees $300,000 Portland Station bonds.
<
On common. \ 10% 9 9
&
Earnings.— For 8 months ending Deo. 31
Oross.
6 mos.—
Net.
Oth. inc.
1904
1903
$18,943,736
18,485,252
Int., taxes, etc.
Bal., sur.
$5,664,494 $277,166 $4,061,245 $1,880,415
5,434,523
273,879
1,618,146
4,090,256
Annual Report.—Annual meeting second Wednesday In Ootober.
Annual report 1903-04 In V. 79, p. 1638, showed results as follows:
Tear Ending June 30.
1902.
1904.
1903.
Miles operated June 30
2,265
2,290
2,282
Passenger department
$12,338,182 $12,116,115 $11,557,583
Freight department
18,732,089
20,788,779
19,965,457
Mails, express, eto
1,551,022
1,767,647
1,657,413
5 7,413
1,6
Total gross earnings
$34,894,608 $33,738,985 $31,840,694
Net earnings
$9,407,542
$9,622,701
$9,505,613
Net, lnclud. other inoome
$9,997,444
$10,199,585 $10,033,237
Interest
1,366,997
1,401,332
1,482,296
Rentals
5.062,922
5,067,593
5,083,278
Taxes
1,629,514
1,619,119
1,633,270
Dividends
1,764,359
1,771,722
1,779,000
Sinking fund
151,285
151,285
151,285
Balance, surplus
$22,186
$22,367
$70,456
1526
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
.
RAILWAY STOCKS AND BONDS.
Apr., 1905. J
RAILROADS.
Miles
Date
Size, or
of
of
Par
1527
Bonds— Princl-
INTEREST OR DIVIDENDS.
Amount
Rate Per When When Payable, and by
For explanation of column heading, &o., see notes
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Boston Terminal Co.— 1st mort., ourrenoy.OB. .o&r
Bruce Mines <eAJ.-lstM.$25O,O0O,gu.p..fci.red
Bruntvi. <6 West.—See Atlantic Coast Link RR.
17
6
6
---.r
Buffalo Greek— 1st mortgage
Cons. M., $1,000,000, sold, Interest as rental.. c»
Buffalo N. T. <t Erie— See Erie Railroad.
Buffalo Rochester <fe Pittsburg—Com. stock. Tr
Pref. stook, non-oum.j com. 6%; then pro rataTr
,g., Rochester to Salamanca. Un.o*
R. &P. 1st
R. & P. oonsol. M., $20,000 per m.,gold, g.Un.e*
o*
B. R. & P. 1st general M. ($10,000,000) g. . .
Lincoln Park & Charlotte 1st M., gold, gu. Un.o*
.
semi-annually
.
gold,
due
B. R. <fc P. oar trusts,
Eqnlpm't bonds, $500,000, g., s. f., Ser. A.-.G.o*
M
En
B. & 0., $1,000,000 each, g., 8. f.G
D, $2,000,000, g., red. 105. 8. f...
E, $2,000,000, g., red. 105, 8. I...
Securities of Allied Coal Properties.
Jefferson & Clearfield C. & I., pref. stock
G.o*
1st M., g., sinking fund, drawn at 105
Usm.o*
2d M., gold, s. f., drawn at 105
c
Roch. & Pitts. Coal & Iron, let M., g., s f
Helvetia, purchase money, mort., g.,s. f.Ce..o*
1st M.of 1902, $2,000,000, g., red.105, s.f.G.o*
Buffalo <6 Susquehanna RR.—Piet. stk., 4% non-cu.
108
276
276
10
Me.o*4r
1st M.. g., 8. f., red. at par
c*<fcr
let reran illng mort., gold (see text) .ITIp
Buffalo d Snsq. Ry.— 1st M.. $6,000,000, g.TJs.o*«fer
313
5g.
J.
1882
1891
6
J.
J.
1881
1882
1887
1889
1,000
1,000
178,000
621,000
100
100
9,000,000
6,000,000
1,300,000
3,917,000
4,427,000
350,000
164,000
500,000
2,000,000
1,731.000
526,000
1902
1904
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1896
1896
1886
1896
1902
1,000
1,000
1,000
1,000
1,000
•90'98
1899
1900-1
do
do
do
100
102
172
50
1893 500 <feo.
1901 l.OOO&c
1903 l.OOO&c
1,500,000
1,521,000
1,000,000
549.000
1,055,000
1,850,000
3,000,000
310,500
4,356,000
5,000,000
Burlington Cedar Rapids rf Northern— See Chicago Rock .I8LAN d & Pa CIFIC RY.
Burlinaton <£ Missouri Valley— See Chicago Bur lingt ON&Q UINCT.
994,000
40 1898
1,000
Oal. Northw.—lBt M., g. ($2,000,000, gu. p.&i.) s.l
California Pacific— See Southern Pacific RR.
Officers.— President, Luoius Tuttle; 4th Vice-Pres. and General
Auditor, W. J. Hobbs; Treasurer, Herbert E. Fisher. Office, Boston.
Directors— Lucius Tuttle, Richard Olney, Walter Hunnewell, Henry B, Reed,
Boston; Joseph H. White, Henry M. Whitney, Brookline, Mass.: L. C. Ledyard.
Henry F. Dimock, C. M. Pratt, New York; Samuel C. Lawrence, Medford; A,
W. 8ulloway, Franklin, N. H.; William Whiting, Holyoke, Mass.; Alexander
Cochrane. Boston.
-(V.79,
p.
1641; 2204, 2587, 2746, 2794
& Providence It It.—Owns Boston, Mass., to Providence.
44 miles; branohes, 20 miles. Leased 99 years, April 1, 1888, to
Old Colony RR.; rental, 10 p. o. yearly on stock.— (V. 78, p. 2010.)
Boston Revere Beach Lynn RR.—Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by
company's ferry boats; Boston Wlnthrop & Shore Div., East Boston to
Winthrop, 5 miles, with branohes 3 miles. Of the 4i«s of 1897 $289,000 reserved for Boston W. & 8. 5s; balance unissued is for improvements. (V. 65, p. 68.) Notes payable July 1, 1904, $305,000.
Dividends. ) 1888-91. '92. '93. '94. '95. '96. 1897 to Jan., 1905.
2 yearly.
4*3
5
4
3
Percent. 5 7 yearly. 5*2
Earnings.—Year ends June 30.
Boston
R.
I.,
&
Int.
Net.
Gross.
Year.
<&
taxes.
Div.paid. Bal.,surp.
$448
$17,000
$81,132
$63,684
$606,357
592
60,080
17,000
542,399
77,672
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 <fe Albany, New
England, Boston & Prov., Old Colony and N. Y. N. H. & Hartford RR.
Cos. each owns one-fifth of the $500,000 oapital stook 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 stook.
Registered intjointly liable for any deficiency in case of foreclosure.
F.; coupons F & A.— (V. 69, p. 129, 591.)
erest payable
Brockvllle West port <fc Northwestern By,- (V. 75, p. 1252;
1903-04
1902-03
-(V. 65,
Q—
V. 76, p. 101, 211, 809; V. 77, p. 2097.)
Brooklyn & Brighton Beach RR.—V.69, p. 228; V.75, p. 1353.
Brooklyn & Rockaway Beach RR.— Owns road from East
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 3I5 miles (of
which 2 miles double track), and operates ferry to Rockaway Beach.
Operations suspended during winter months. On Jan. 20,1903, Henry J.
Robinson was appointed receiver; foreclosure pending. V.76, p. 211,971.
is $150,000; par, $50.
Bonds, $338,000 gold 6s, due May 1,
1931. interest in default sinoe Nov., 18tf9. Floating debt July, 1904,
$294,252; real estate mortgage, $30,030. In year ending June 30, 1904,
gross, $3,015; def. under operating. $10,544; other|lncome, $4,082Int. and taxes, $27,868; balance, deficit, $34,330.— (V. 76, p. 971.)
Stock
Algoma Ry.—V. 76, p. 704.
Birmingham RR.— See Atl. & Birmingham RyBradford & Kane RR.— (3-/«. gauge.) Owns Brad-
Brute mines
Brunswick
Buffalo
<fc
Sc
ford to Smethport, Pa., 26-11 miles. Ormsby Juno, to Mt. Jewett, Pa.,
10-48 miles; leases Mt. Jewett to Kane, Pa., (Bait. & Ohio) 11-49 miles.
Total 48-08 miles. Successor to the Bradford Bordell <fe Kinzua Ry.,
foreclosed. In Jan., 1905, control was changed and the Big Level
Kinzua. included above, was aoquired. V. 80, p. 1174; V.77,p. 1745,
2279, 2338; V. 78, p. 101. Stock. *300,000; par, *100. Pres., W. W.
Bell 1st V.- P., S. S. Bullls; Sec.-Treas., R. S. Bullis.— (V. 80, p. 1174.)
Buffalo Creek
Owns 6 miles of terminal road in Buffalo
N. Y. In December, 1889, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., which together own entire capital
stook of $250,000. Lease provides for interest on bonds and 7 p. c. on
stock.— (V. 79, p. 1954.)
&
;
BR.—
&
way.—
Buffalo Bochester
Pittsburg Kail
(See Map.)—Oper.
ates from Buffalo and Rochester, N. Y., to the bituminous coal regions.
Lines owned in fee
Miles.
Trackage (Oon.)—
Milet.
Buffalo Creek, N. Y., to Howard
Penn. RR.— Penn. RR. Jet. to
—
June, Pa
Vintondale, Pa
18
Other
5
Leased—Entire st'k own'd—
Johnsonburg & Bradford RR.~
63
Howard Juno, to Mt. Jewett. 20
19
Leased— Slock not owned.
Allegheny & Western— fl
21
Punxsutawney to Butler, Pa. 60
81
Clarion June, to Lindsey, Pa. . 60
Rochester to Ashford, N.
94
Charlotte, N.Y., to Linooln P'k. 10
Y
Indiana branoh
Five branohes to mines
Trackage—
Erie— Mt. Jewett to Clarion J.
Pitts. & West.— Butler, Pa., to
.
Newcastle
Ribold Jo., Pa., to Allegheny
Ctty.Pa
Clearfield & Mahoning— IT
Clearfield to Beech Creek
41
Mahoning Valley
33
RR
RR. 26
2
Total July, 1904 (IJSee separate statement for this company).. 553
12
?' ET C--Successor in March, 1887, to the Rochester &
Pittsburg, which was foreclosed in Oct., 1885. Plan
of reorganization
4
5 6 -,
i 1 Pj e entire oapital stock ($4,000,000) of theTRochester
tt
Co lB 0Wll ed (V. 66, p. 1088) and through that
tl}?!?^*
VJ?*
ay,VcE?]? 001
01 was acquired of Jefferson & ClearfEE p£E?i
*i*
a &
Iron ?°- (86e l^
Ml8cel Cos.) with $3,000,000 stock. For
l, 8e toal
EESSmi- 6 Uar °°™Pa?leB see table above. Clearfield & Mahoning
& Western, see below. In Aug., 1901,
SiWiSl*/ ?t mrolM d u Pwardsof
25 000 a<Tes of coal lands in In"iJ
£?
P
a 28-mile
branch
to Ernest, Pa., was completed
° A'
3
68
aaa
tlon
.al
to reach coal lands near Vinton&?£•
p1 'iq
.?
dale, Pa.,
miles
18 n
being j_
traokage.
V. 75, p. 183, 347. A 19-mil e
Pi?^^
^
?^ H'
-
*™H^
3K
r£™£
f??iW:»
«W'
-
,
-
^S^eny
'
^L
,
Text. Boston, State Nat'l Bk.
& D. N. Y., Knlckerb. Tr. Co.
1897 l.OOO&c $14,000,000
1902
500
150.000
<fe
J.
& J.
F.
& A.
6 In 1904
6 in 1904 F. & A.
6g. F. & A.
6g J. & D.
M. & S.
5 g. J. & J.
5g. J. & D.
4^g. M. & N.
4*Ag. M. & N.
4iflg- M. & N.
4*3 g. M. & N.
F. & A.
5
5 g. J. & D.
5g. J. & D.
5 g. M. & S.
»g. M. &N.
4*3 g. F. & A.
Q.-M.
4
5g. A. & O.
J.
4g. J.
4*3 g. M. & N.
5g.
<fe
5g. A. &
O.
N. Y., Farmers' L.
do
& Tr
do
pal.When Due.
Stocks
—
Last
Dividend.
June
1,
1,
1947
1952
Jan.
Jan.
1,
1,
1907
1941
Feb.
Wing
N. Y., 36 Wall Street.
do
do
do
do
do
do
do
do
do
do
Feb.15,'05,3%
Feb.15,'03,3%
Feb. 1, 1921
Deo. 1, 1922
do
do
do
do
do
do
do
do
do
do
8ept. 1,
1937
Jan. 1, 1939
1905-1908
May 1, 1919
May 1, '20-21
Nov.
May
Checks mailed.
N. Y., 36 Wall Street.
1,
1,
1919
1922
Feb.15,'05, 2**
June 1, 1926
do
June 1, 1926
do
Nov. 30, 1907
do
May 1, 1946
do
Aug. 1, 1932
N. Y., Flsk & Robir son Mar. 1, '05,1%
N. Y., H. Flsk & Sons.
Oct., 1913
N. Y., Fisk & Robinson. Apr. 1, 1981
N. Y.. Fisk & Robinson. Apr. 1, 1953
do
do
do
do
San Fran.
& New York
Apr.
1,
1928
branoh to other coal lands in Indiana Co., Pa., acquired in Dec, 1902,
by the same interests, was oompleted July 1, 1904. V. 77, p. 354.
Stock.— Common stook was authorized in Nov., 1901, to be increased
from $6,000,000 to $9,000,000; of the new stock $1,000,000 was
issued Julv 1, 1902, in exchange for $1,000,000 convertible debentures, and of the balance stockholders subscribed to $1,300,000 at parthe proceeds to be used to build 45 miles of new road, the remaining
$700,000 being subscribed by stockholders at par in Feb., 1904,
to build 19-mile branoh. See above. V. 75, p. 183, 347; V. 73, p.1009;
V. 74, p. 1250; V. 77, p. 354; V. 78, p. 228.
The stockholders voted Nov. 21, 1904, to increase the common stock
from $9,000,000 to $12,000,000 to complete the Indiana branoh and
for other capital requirements. Of the new stock, $1,500,000 was
offered to stockholders at par, payable 50 per cent on Feb. 10 and 50
per cent on June 12, 1955. V. 79, p. 685, 1905; V. 80, p. 116.
Dividends (p.
0.)
1226666
) '93.'94-96. '97. '98. *99. '00. »01. '02.i'03. '04. 1905.
[
1H
)
..
6 Feb. ,3
6 Feb, ,3
Bonds.— General 5s for $5,573,000 are reserved for prior bonds, etc.,
The $2,000,000 debentures of 1897 in the treasury in July,
1903 are convertible into common stook at par and subject to
call at 102*3; they are to be secured by any subsequent mortgage unless made for refunding existing prior liens or for extensions exclusively. See V. 64, p. 706; V. 73, p. 1009, 1111. R. & P.
income 6s, $5,000. A sinking fund of 5 per oent will retire ser. A, B
and C equipment bonds annually on May 1, if purchasable at or below
par; otherwise to be applied to the purchase of additional equipment.
Preferred
Common
4
..
4
5^
V. 68, p. 1131; V. 71, p. 501; V. 73, p. 348. Series D and E have an
annual sinking fund of 6 p. o. for purchase of bonds Sept. 1 and May 1,
respectively, at 105 and interest; if not purchasable, bonds may be
drawn by lot; Series E may also be called as an entirety at 105. Real
estate mortgages bearing 5 p. 0. interest, $304,000.
Earnings— 8 mos.,) 1904-5
Gross, $5,346,063; net, $2,097,713
Gross, 5,020.256; net, 2,131,549
July 1 to Feb. 28. $1903-4
For 6 mos. ending Deo. 31, 1904, net, $1,741,035, agst. $1,779,898
in 1903; oth. income, $11,769; charges, $884,731; bal. sur., $868,073,
against $992,717.
Annual Report.— Fiscal year ends June 30. The annual meeting is
held at New York on the third Monday in November. The report for
1903-04 was given at length in V. 79, p. 678, 684; see also editorial,
p. 651. In 1903-04 carried 4,907,543 tons of bituminous coal (out of
7,619,349 total tons of freight moved), against 5,126,314 in 1902-03.
1902.
Year end. June 30—
1904.
1903.
1901.
Miles June 30.
499
472
472
472
Gross earnings
$7,496,521 $7,949,686 $6,292,584 $5,803,693
Net earnings
$2,893,325 $3,028,082 $2,619,018 $2,394,661
Dther income
Total receipts
33.437
48.233
$2,926,762
Interest on bonds....
Int. on floating debt
$3,076,315
$778,030
$724,049
20,662
26,926
$2,539,680 $2,421,587
$731,472
$710,158
259
472,669
660,188
:-h 0,000
Rentals
Special appro'ns, eto.
33
477,698
476,251
473,726
1,043,723
640,994
552,365
Dividend on pref.... (6)
(6)360,000 (6)360,000 (6)360,000
Dividend on com....( 6) 498,000( 4Jfl) 313,000 ( 4) 240,000 (2) 120,000
•Balanoe
sr. $157,875 sr.$157,845
sr.$90,704 sr.$205,305
In addition to this surplus there was received from investments and "credited directly to protlt and loss account" 1830,060 in 1903-04, $600,000 in 1902-03
and 1 100,000 in 1901-02.
Officers.— Prest,, A. G. Yates, Rochester; Vice-Prest., Adrian Iselin
Jr., N. Y.; Treas., J. F. Dinkey, Rochester; See., J. H. Hocart, N. Y.
Directors.— Henry G. Barbey, A. G. Yates, A. Iselin, Jr.. W. H. Peckham, H. I.
Barney, Walter G. Oakman, C. O'D. Iselin, J. H. Hocart. W. Bmlen Roosevelt,
Ernest Iselin, Oscar Grisch, John L. Riker, Samuel Woolverton.
N. y. Office, 36 Wall St.-(V. 79, p. 2454; V. 80, p. 116,599.)
Buffalo
Susquehanna RR.— (See Map.)— Operates a line extending from DuBois, Pa., to Wellsville, N. Y., with several branch
lines, including 20 miles leased. Total mileage, 227. This includes extension of 55 miles from Sinnemahoning southwest to Tyler, DuBois
and Sykesville, Pa., where recently acquired coal properties are located; completed Sept., 1904.
V. 79, p. 902.
Has trackage rights
from Stanley to Juneau, 15 miles, whence extension will be built to
Atwood, 22 miles, under charter of Du Bois & Southwestern. V. 77, p.
768, 1301; V. 78, p. 102; V, 80, p. 710.
Buffalo Extension. —An extension is also being constructed from
Wellsville to Buffalo, 84 miles, under charter of the Buffalo Sb Susquehanna Railway. See the Ry. Co. below and V.76, p. 593; V.74, p. 1037;
&
V. 75, p. 76, 665, 922; V. 79, p. 2091.
Buffalo & Susquehanna Coal & Coke Co.-This oompany, the entire
is owned by the B. & S. RR., owns coal lands at Medlx,
DuBois, Troutville, Big Run and Flumville, Pa. These lands are esstock of which
timated to be underlaid with about 100,000,000 tons of coal and are
entirely free from liens. The DuBois property is in aotive operation.
V. 77, p. 1301; V. 79, p. 2091-2.
Powhatan Coal & Coke Co.-This company,
owned by the
all of
whose
securities
RR., owns coal lands at Tyler and at Sykesville, underlaid with about 26,000,000 tons of coking coal. Both its
plans are oompleted with the exception of the oofeing ovens. The
output will go chiefly to Buffalo for the use of the Buffalo & Susque
hanna Iron Co.
are
B.
<ft
8.
RAILWAY STOCKS AND BONDS.
1528
GENERAL PLAN
TORONTO
COft.*-
OF THE BUFFALO TERMINALS OF THE
BUFFALO & SUSQUEHANNA RY. CO.
AND OF THE PUKSACE PLANT OP THE
BUFFALO & SUSQUEHANNA IRON C0. 4
,\
Jl
[Vol. lxxx.
.
LACKAWANNA STEEL CO.
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DIANA
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Hashing
MAP OF THE
BUFFALO & SUSQUEHANNA
RAILROAD
AND
ITS
CONNECTIONS.
'
\
—
RAILWAY STOCKS AND BONDS.
Apr,, 1905. J
RAILROADS.
For explanation of column headings, Ac,
on
Oambria
page of
1st
Consol. M.
tables.
Onf.o'
GuP.o*
mortgage
s. f.
not dr'n
& Jefferson
Clearfield
1st mortgage.
GuP
Pa. &N.W., gen. M., $2.500,000
Camden & AUa?itic—8EE West Jersey
Camden <t Burlington County— Stock, 6
M
o*
GuP.o*
<fe
let
see notes
Clear fleld^-\B\ M. ($2,000,000) g.GP.O*
<6
Gap
Bell's
first
Sea Sho
p. ot. guar.
,g.,gu.p.&i.byUn N.J.RR.&Can.Co.GP.c*
Canada AW.— 1st M.,
g.,
Ottawa to
Laoolle,
&0.F0*
Proposed new mort., S16.00j.0 0, g., guar, p
Ottawa Arnprior <fe Parry Sound 1st mort.
<fc
Canada Southern—Stock
M. $14,000,000 (Can. money). SeeV.63.p.l88
2d M. for $6,000,000. Canad'n money. Do.do.cfcr
0'
Learn. & St. Clalrl st M. gold, gu. p.&l. (end) ....
Can. No.—h. Man. Ry.& Can.Co., $8,000 p. m. 1 g
Can No. and Man Divs., $8,000 p.m
8$
Gilbert Plains Branch, $8,000 per mile
Si
Ontario Div. 1st M. deb., £72,000 are -H^s.
Manitoba Branch lines, *8 000 per mile
Manitoba Branch lines, $10,000 p. m. Text
1st con.dei.M. (Man. lines) $10,000 p.m.cfcr,
Gunflini Branch $10,000 per mile
Manitoba Provincial bonds, $8,000 per mile
Perpetual consol. debenture stock.
1st M deb. s ock,$i3,000 p m.. ga.byCan.Gov
1st land grant M., red. 110 (V. 75, p. 183. 549)
Imperial Rolli n g Stock, 1 st M. ser. A .part due y 'ly
ser. B to F, $210,000 due y'ly
do
do
ser. G, $45,000 due yearly
do
do
1st
,
Miles
Date
Size, or
of
of
Par
103
30
30
46
76
1891 $1,000
1880
1,000
1883 500 &o.
1886 500 Ac
1890
1,000
30
30
138
5
g.
6
6
6
5
J.
e.
A.
J.
J.
261
38
....
459
404
404
16
...
25
J.
1,000
1,000
P.
£100
£100
£100
£100
1896
....
287
1900
•••
....
£205,400
£468,200
£44,700
£1,180,600
$1,400,000
$or£
£&$
1904
1902
....
1.O00
$500
£100
....
1903
£100
*••
1902
1903
1904
$1,000
$or £
$ or £
—
$204,091
$729,823
$230,462 $125,084 $151,455
232,397
221,418
10J.200
98,221
649,531
Report.— Report for year ending June 30, 1904, was given at
length in V. 79, p. 2081, 209' (see editorial, p. 2060), showing gross,
$962,696; net (over taxes), $3 27,197;! other income, $173,894; totalnet
Income, $501,091; interest and rentals, $157,9n8; dividend on common
*175,900; div. on pref., $120,000; bal., $47,233. In 1902-03. gross,
$1,000,752; net, $432,460.- (V. 79, p. 2081,2091; V, 80. p. 710)
Buffalo &. Susquehanna Ry.— Has under construction a line
from Wellsvilie to Buffalo, N.Y.. 84 miles, as an extension of the Buffalo & Susquehanna Railroad (which see above). Upon completion
of this line the B. &. 8. RR. will be leased for 999 years for interest on
bonds and a guaranteed dividend of 4 p. o. yearly on the pref. stock.
The B. & S. Ry. Co. has aoquired nearly all the common stock of the
B. & 8. RR. Co., and It will thus control, upon the completion of Its
line about July, 1905, a railroad extending from Buffalo, N. Y., to
Sykesville, Pa., which, with Its several branches, will have aitotal mileage of about 363 miles. The Buffalo & Susquehanna Coal & Coke Co.
and the Powhatan Coal & Coke Co. (V. 75, p. 922; V. 79, p 20«1,
2091-2,) will also be controlled. (See V. 76. p. 593.) In Jan 1905,
B. & 8. interests acquired control of the Buffalo Attica <te Arcade RR.,
Atttca to Arcade, N. Y., 28 miles. V. 80, p. 471.
The Buffalo & Susquehanna Iron Co., a closely alii Hated corporation,
has erected on a tract of land adjoining the terminal property of the
B. & 8. Ry. at Buffalu two blast furnaces
(See V. 75, p. 922; V. 79, p.
1P04.-5
1903-4
.
2061, 2092.) The Railway Co. will transport all the coal and coke.
Stock.— Authorized, $10,000,000; Issued, $7,117,200; par $100.
Bonds.— The first 50-year gold 4 i*s (authorized Issue, $6,000,000,
of which $5,000,000 has been issued) are secured by a first lien on
terminal property at Buffalo and the 84 miles under construction In
New York State; also by deposit with the U. S. Trust Co. of substantially aU the common stock of the B. & S. Railroad Company. (V.
74, p. 1040). See V. 76, p. 593: V. 79, p. 2695.— (V. 80, p. 471.)
"Burlington."—See Chicago Burlington & Qdincy RR.
& Northern Ry.— See
Chicago
and this Section for Oct., 1904.
Io 1903 title was acquired by deed by Ch. R. I. & Pao. Ry. Co., the
holders of the outstanding unexchanged stock (about $172,200—total
issue $7,150,000) being guaranteed the payment of 6 per tent dividends J -J as caUed for by tLe lease. V. 79, p. 1718.
Butte Anaconda & Pacific Ry.—See Supp. for Jan, 1903.
Calgary 6c Edmonton Ry.— See page 1683.
California Northwestern Ry.— Owns Ukiah to north of Sherwood, Cal., 40 m.. and leases San Francisco
North Pacific Ry, Port
CaL waen °e ferry to San Francisco, 6 miles), to Ukiah, Cal.,
, JLoS?'
106 miles, and branohes, 59 miles. In Aug., 1904, the North Shore RR.,
m £ 8 was ac Q uired by friendly interests. V. 79, p. 680.
c
000,oo0; l88ue d. $1,566,000; par, $100. Bonds are issuable
JSt A^?'per
at* $25,000
nille, being guaranteed by San Francisco & North Paoifio,
leased for net profits for 20 years from Sept. 20, 1898.
Earnings— For 8 mos. ending Feb. 28:
<fe
$1,279,000
81,000
145,000
1,000,000
1,021,000
381,925
350,000
3,450,000
See text.
1,000,000
380.000
....
1,000 Worthless.
100 15,000,000 See tett.
1878
5
1,000
14,000,000
1883 l,000&c
5
6,000,000
1895
4 g.
1.000
130,000
1897
1889
1904
Stock.— Common stocir, all ercept $2,500 owned by B. & S. Ry.,
In 1902 $4,000,000 4 p. c. non-oum.
$4,500,000; par of shares $50.
pref. stock wasjauthorized, of which $3,000,000 was sold. See application to list. V. 78, p. 2389.
Dividends. On common, 4 p. 0. in 1895 and 5 p.c. yearly since to
Anr., 190% inclusive, paid Q-J.; on preferred, 1 p. 0. quarterly Mar.
since date of issue, beginning with Sept., 1902.
Bonds.— The 5 per cents of 1913 have been reduced by the operation
of the sinking fund and by ref unding into 4s of 1951 to $3 10,500.
They are subject to call at par for sinking fund in order of numbers,
beginning with highest. V. 65, p. 234.
The 4 per cents of 1951 are secured by a first refunding mortgage on
the entire property, and are further secured by deposits of purchase
money mortgages amounting to $L,79t>,000oncoal lands of Powhatan
Coal & Coke Co., about 3,945 aorea; outstanding, $4,356,000. Further
amounts may be issued at not over $25,000 per m. for the construction or
acquisition of additional road; also for new terminals, control of coal
properties and for new equipment. V.73,p,619 Total authorized issue,
$15,000,000, but additional amounts at $15,000 per mile may be issued for double-tracking mileage already covered by the mortgage.—
V. 73, p. 619, 899. A sinkiag fund of 3 cents per ton of coal mined is
provided for, to be Invested in the bonds if purchasable at not exceeding 110 p. o.; otherwise In securities legal for savings banks in the
State of New York.
Earnings— For 8 mos. ending Feb. 28:
Oharges.
Other inc.
irons.
*et.
Bal.. sur.
8 mos—
Burlington Cedar Rapids
Bonds— Prlnoi-
INTEREST OR DIVIDENDS.
Amount
RE.
,
Rock Island
1529
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Road. Bonds Value. Outstanding Cent.
Whom.
Dividend.
i
Central Counties 1st M., interest rental
Canada Mich. <£ Chic.— 1st mort. See V. 63, p. 838
,
Paclflo Ry.
J.
&
&
&
&
&
&
&
&
O.
J.
J.
(?)
4,866,666
669,000
349,000
£1,000,000
£1,923,287
$2,000,000
1,180,148
1,890,000
450,000
4
4
4
St. Stat'n.
Broad
do
St. Stat'n, Jan.,
J. Phila.,
A.
do
do
do
do
Jan.
Apr.
Jan.
Jan.
do
<fe
l
'
8,
Gross
Net
$287,892
220,778
-
$1,055,977
1,005,562
'
Year end. June
Oharg't.
$216,714
208,742
Ba>., sur
*7i,178
12,036
30, 1904 (205 m.), gross, $1,470,993; net, $330,557;
taxes, sink, fund, etc, $363,383; bal., def., $32,826. Pres., A. W.
1
A Ne whall; Sec, and Comp., Thos. Mellersh.
,w n'h
-(V.
73, p. 444; V. ?,
76, p. 751, 1142; V. 79, p. 680.)
(The) Cambria
Clearfield Ry.— Cresson
to Hoover's Mill
Branch Jot oO miles: Bell wood to Horatio. 61 m.;Jot.
Cresson to Irvona,
ayl0r
7 -;
Llao ? L,ck - 37 -: Vail to Grampion, 50 m.; Bradley
T * .
r
to Cherry rS,
Jet.
Tree, 18
in.; branohes, 141 miles; total, 387 m.
A oonint.,
/^'J
.-
-
&
m
^
m
1941
1905
1913
1927
1930
1,
1,
1,
1,
1,
Aug.
N.Y.,Bk.Mont., & Mont.
J.
1905,
Feb.
Jan.
3%
1927
1909
1,
5,
1954
F.
J.
M.
A.
&
&
&
&
A. N. Y., Gr. Cent. Station. Feb. 1,'05, 11*
J. N. Y., Union Trust Co.
Jan. 1, 1908
S. N. Y., Union Trust Co.
Mch. 1, 1913
O. Montreal, Bk. of Mont. Oot. 1, 1945
4
4
4
I&413S
Broad
do
do
do
do
J. Phila.,
a.
Aug.
1926
1929
Nov. 1, 1930
London and Toronto. June 30, 1930
June 30 1930
1930
London .Toronto & N.Y. June 30, 1930
June 30, 1930
Oct. 1, 1930
London, Eng.
Irredeemable.
London. Eng.
July 10, 1953
Nat. Tr. Co. Tor. or Lon. Feb. 1, 1919
N.Y.C.Bk.ofCom.orTor Nov. 1, '05-13
do or London, Eng. Aug. 1,'05,*13
do Tor. or London Sept. 1, '05-14
Feb.
J.&D.so
J
&D 30
J.&D.so
4Vl
4
4
3
4 g
J &D.30
M31-S30
5g. M.
&
5
5
M.
&
F.
&
A.
N.
A
F. <b
S.
1,
1,
,
solidation Aug. 1, 1903. V. 78, p. 828. Stock, $4,835,912, of which
$4,813,800 owned by the Pennsylvania RR.Co., which operates the road.
A full abstract of the mortgage scouring 5s of 1891 was in V. 52, p. 976.
Of these bonds, $624,000 were on Jan. 1, 1904, owned by the Penn.
RR. The $1,000,000 Tyrone & Clearfield 5 p. 0. bonds, maturing Jan.
2, 1912. have been canceled and will he replaced by an equal amount
of Cambria &'Hearfleld 4s to be issued. For year ending Deo. 31, 1904,
gross, $2,247,628; net, $442,379; other income, $391; interest, taxes,
etc., $310,014.
(V. 77, p. 195, 298.)
Camden A- Burlington County RR.—Owns from Camden, N. J.»
Pemberton, N. J. 23 miles; branch, BurUngton, N. J. to Mount Holly
7 miles; total, 30 miles. Operated by Pennsylvania RR., which guarantees 6 p. con stock. Stock, $381,925; par $25. Dividends in Jan. and
July. In 1904, gross, $282,822; net,|$21,081; loss to lessee under rental,
$16,334. In 1903, gross, $331,598; net, $21,213.- (V. 64, p. 373.)
Canada Atlantic Ry.— Owns Depot Harbor, Ont., on Georgian
Bay, via Ottawa, to Vermont State line, 400 miles; traokage to Swan
tou, Vt., etc, 10 m.; leases for 99 years Central Counties Ry.
Glen Robertson to Hawkesbury, 21 miles, and South Indian to
Rookland, 17 miles, and Pembroke & Southern Ry. branch from
Pembroke to Golden Lake, 21 miles, at 25 per cent of gross earnings;
total, 468 miles. The company runs through trains to Montreal, using
the Grand Trunk Ry. from Coteau, Montreal, 37 miles, under a traffic
contract. In Aug., 1899, absorbed Ottawa Arnprior & Parry Sound.
The Canada Atlantio Transit Company, organized in 1899 with
$ l ,000,000 stock, operates a fleet of steamers from Parry Sound to
Duluth, Milwaukee and Chicago. V. 69, p. 954. The Great Northern
Ry. of Canada, together with the Canada Atlantic, forms a short
through route for ocean-bound freight from Parry Sound to the deep
water docks at Quebec V. 70. p. 279.
The stockholders of the Grand Trunk Ry. voted on Sept. 29, 1904. to
f cquire the road and guarantee the principal and interest of $16,000,OOo four per cent 50-year gold bonds, of which $2,000,000 wUl be
reserved for f ature requirements and the remainder will be issued,
replacing all other indebtedness at or before its maturitv. V. 79, p.
967, 1131, 1641, 2454; V. 80, p. 1058 In Dec, 1904, the Central Counties Ry. (leased line) proposed to apply to the Canadian Parliament for
authority to extend the road, issue bonds therefor and lease, sell or
amalgamate with other companies. V. 79, p. 2746.
Stock, $6,200,000 common and $1,000,000 preferred, all issued.
Report— For 1903-4 in V. 79, p. 2641, showed: Gross, $1,761,300
net above taxes and rentals, $423,611; net earnings of steamships,
etc. $35,523; net rev. for int., etc, $159,134.— (V. 80, p. 1058.)
to
,
,
Canada Michigan dc Chicago.—Bonds worthless. V. 63, p. 838.
Canada Southern Ry.— (See Map New York Central <A Hudson R.
—
Railroad.)—-Road Main bne from Suspension Bridge station, including the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc. 231 miles; total, 457 miles, of which 100 miles are
nominally owned by proprietary companies. Traokage, St. Thomas to
London, Ont., 15 miles. Double track. 152 miles.
Organization, Etc.—The company was chartered in Canada February 28, 1868, and debt readjusted in 1878. In 1903 made a new
lease to the Mich. Cent, for 999 years, the latter guaranteeing dividends on the stock at 2*3 p. 0. yearly to 1910, thereafter 3 p. c; also
authorized a mortgage to retire the existing bonds at maturity and provide for improvements. V. 76, p. 1191, 1247; V. 77, p. 950.
Dividends.— 1889 '90 '91 '92 '93 '94 '95 '96 '97-01 '02 '03 1904
Since 1888
2^> 3*2 2^ 3
3 3 2*2 213 2y'rly. 2>a 2
2\
Semi-annual divldeno under lease,
p. c, began Aug. 1, 1904.
Annual Report.— Prelim'y report for 1903 In V. 77, p. 2387; Canada
80. share of earnings, $355,088; bal. Jan. 1,1903, $£5,727; other income. $2,687; divs. (2V/ )$375,000. In 1902 Canada 80. share, $310,167. Total sur. Jan.l, 1904, $8,503.— (V.77,p. 2387;V.78,p. 47, 2598.)
m
Canadian Northern Ry.— Operates
Lake Superior,
to Winnipeg,
from Port Arthur, Ont., on
and thence Into Northwestern Canada.
,
-ioa^k
1904-5
lao J4
,
.
Miles.
Port Arthur to Winnipeg
Winnipeg to Grand View
Stanley Jet toGunfllnt
Carman Jet. to Learys.
Delta Jot. to Delta
.
439
207
67
63
15
70
Neepawa Jcto McCreary Jet.
Gilbert Plains Jet. to Erwood 191
Sifton Jet. to Winnipegosis.
Portage Jet. to Pembina
Morris to Brandon
Hartney Jot. to Hartney
Emerson to Rldgeville
innlpeg transfer line
W
21
63
143
51
12
6
Total June 30, 1904 (Including 351 m. leased from N. P.)
1,350
There are also under construction 620 miles from Grandvlew to
Edmonton (of whlon 218 were operated in April, 1905.) and 100 miles
from Prince Altiert easterly, to be completed in 1905, and between
300 and 400 miles of branch lines in Manitoba; other lines contemplated will bring total mileage approximately to 2,788 miles. See
Bonds below and V. 79, p. 2696.
Organization.— William Maokenzie of Toronto, Senator George A.
Cox and the Canadian Bank of Commerce are floating the enterprise.
The Great Northern Ry. of Canada (see that company) and affiliated
lines passed in 1903 under control of Northern Consolidated
Holding Co., and will afford a through Hue to Quebeo and Montreal.
See Great Norihern Ry. of Can. and V. 76, p. 704; V. 79, p. 151. 2454.
The Manitoba lines of the Northern Paciflo Ry., 351 miles, are
sublet from the Provincial Government for 999 years from Mav
30, 1901, at $210,000 annually for first 10 years, then $225,000
RAILWAY STOCKS AND BONDS.
1530
RAILROADS.
For explanation of column headings, &c,
on first page oi tables.
Miles
of
see notes
Date
of
Par
Road. Bonds Value.
Canadian Pacific—Stock, $110,000,000 auth
Pref. stock limited to 4 p. c, non-cumulative
r
.
Consolidated perpetual debenture stock
mmmm
Securities of Principal Leased, etc., Li NES.
Manitoba 8. W. Col. R'y $12,000 p. m., Int. guar.g 218
Atlantic & Northwest 1st inort. gold, guar..c*<fer 350
58
St. Lawrence & Ottawa— 1st mort., gold, see text
Ontario & Quebec stock guaranteed in perpetuity
671
Ont. & Que. deben., interest guar, in perpetuity.
Toronto Grey <fe Bruce, 1st M., gold, int. as rental. 191
New Brunswick Ry.lstM.,gold,int.rrom rental. c* 174
Perpetual consol. debent. stock, int. guar
Calgary & Edmonton deb. stock, g.,lnt.as rental.
Branch line bonds, $1,040,000
"40
Lindsay Bobc. & Pontypool 1st M., $700,000, g..
Minn. St. P. <fe S. Ste. Marie and Duluth So. Sho re&A
Cane Beit— 1st mort., $3,000,000, red. aft. 5 yrs., g. All
Carolina Central Bonds— See Seaboard air Li ne Ry
41
Carolina Northern— 1st mort, $500,000. GaP
Carson <£ Colorado—1st M., gold, sink. fd.Mp.o*<fer 300
46
Carthage <& Adir.— 1st M. $1,600,000 g. gu.,U n.o*&r
29
Oarthage Water.<£ Sack.Har.— 1st M. g.,gu.p.&i.end.
Oatasauqua <& Fogelsville 1st mortgage, g.PeP.o*
98
Oatawissa—Pref stocks, 5% gu. P. & R. Ry See text.
103
o'
let consol. mort., $2,215,000, gold.PeP
16
Oatskill Mountain — First mortgage
1st income bonds
34
Cayuga <6 Susq. Stock, 9 p. o. rental D. L. &
—
—
—
.
W
—
1880
£100
•82 'S3
1885 £100 &c
1888 J5100&0
18S8 £100 &c
1889 £1 &C
1883
1884
1890
1890
£1
£100
£100
£1
1903
tlantic
1901
1899 500 &0.
1892
1,000
1892
1,000
1891
1,000
1898
1,000
50
1898
1,000
1885
1,000
1885 100 &c
30
'97. '98. '99. '00. '01. '02. 03. '04. '05.
4*fl
4 p.
ot.
4 5"a 5
yearly
(2
5
A.
5>a 6 Apr.,
& O.)
Stock, Guaranteed Bonds, Etc.— In May.
1888, the company relinquished its exclusive right to operate in Manitoba lines to the International Boundary, receiving the Dominion Government guarantee of interest on $15,000,000 of land bonds. These
bonds were a lien on 14,680,100 acres ot land. The prooeeds of lands
Bonds, Debenture
Payable
Whom.
Dividend.
.,59 Wall St. &Lon.
ondon, Co.'s office.
Montreal.
Montreal.
London, Baring B. & Co.
do
do
do
do
London, Comp'ys office.
Apr. 1, '05, 3%
Apr. 1, '05, 2%
Nov. 1, 1910
Mar. 1, 1906
July 1, 1915
July 1, 1937
July 1, 1938
£719,000
£630,000
£858.300
4
4
& O.
& O.
A. & O.
J. & J.
J. & J.
J. & J.
J. & J.
J. & D.
J. & J.
15J.&D.
J, & D.
J. & D.
J. & J.
F. & A.
J. & J.
£1,121,700
4
J.3&
973,333
7,000,000
34,998,633
3,650,000
11,500.000
82,355,217
6
4) 20
5 g.
3 ^g.
4
5
5
(6)
6
5
£4,007,381
5
Various
J.
N. Y., 59 Wall
Irredeemable.
& London June
London, Baring B. & Co.
Can. Pao. office, London.
Montreal and London.
London, Morton, Rose.
Toronto and London.
London.
do
Can. Pao. offloe.London.
1,
1934
Jan. 1, 1937
See text.
Dec, 1904,3%
Irredeemable
July 26, 2882
Aug. 1, 1934
Irredeemable.
2002
500,000
4g. J. & J. Bk. of Mant'l, Toronto. July
atements of those co mpani e' 8.
1,000
$750,000
5g. J. & D. New York or St. Louis. June
—
2*a
Cent.
1,
2002
1,
1921
1,
1,
1,
1,
1,
1929
1941
1981
1931
1928
1.
1915
4ia%
et
1
Issued in 1894.
Rate
1,000
—See
1
p.o. )
Boiitu— PrlnolINTEREST OR DIVIDENDS.
pal.When Due.
per When Where Payable, and by Stocks— Last
(?)
;
Preferred
Outstanding
1884 $1,000
2,544,000
1887 £100 &c £1,330,000
1876 £50 &o
£200,000
100
2,000,000
for 10 years, then $275,000 for 10 years, and thereafter $300,000, with
option of purchase for $7,000,000. Manitoba Government has option to
purchase entire property in 1929. See below and V. 72, p. 437; V. 73,
p. 615.
Land Grant.— Of the entire land grant, 2,455,466 acres, about 363.000 are held for account of Manitoba Government in connection with
guaranties, 533,000 for account of Dominion Government as security for a mall contraot subsidy, the remaining 1,500,000 to be sold
from time to time through a selling agency at not less less than $3
per acre. V. 76, p. 1083. See V. 75, p. 183, 549.
On May 24, 1904, the company, it was stated, agreed to purchase
from the Manitoba Government 256.0C0 acres of Hudson's Bay land
grant for $156 per acre, payable $20,000 cash, balance in 6 yearly
Instalments, beginning Nov. 10, 1904, with 5 p c. int. V. 80, p. 710.
Stock.—June 30, 1904, authorized $25,750,000; par $100; all paid.
Bonds.— On Winnipeg and Saskatchewan divisions there have been
issued first mortgage bonds, guaranteed principal and Interest, by the
Government of Manitoba, at $8,000 per mile also second mortgage
bonds, unguaranteed, $2,000 per mile. See V. 75, p. 1353; V. 71, p. 235.
In July, 1903, Canadian Government guaranteed 50-year first mortgage 3 I-. c debenture stock, at $13,000 per mile, for the construction of
620 miles from Grandview to Edmonton and 100 miles from Prince
Albert easterly. See "General Finances" below and V. 80, p. 1234;
V. 76, p. 129 \
In Dec, 1904, $4,866,666 (£1,000,000) first consol. mort. debentures
on Manitoba lines, guaranteed, principal and int., by Government of
Manitoba, were sold, being part of an authorized issue at $10,000 per
mile V. 80, p. 116; V 78, p. 1274; V. 79, p. 2794.
In Jan.. 1905, he Manitoba Government was asked to guarantee
$2,890,000 additional bonds, viz., $ ,000,000 for Winnipeg terminals,
a line to Oak Point on Lake Manitoba aud bridge over Assiniboine
River, and $1,890,000 for 189 onles of branches. V. 80, p. 710.
The Ontario Division 4^s (see V. 72, p. 338, 437,) were mostly
In 1902 exchanged for 4s, guaranteed, principal and int., by the Govt,
of Manitoba. V. 74, p. 882; V. 75, p. 1398; V. 71, p. 235.
In 1903-5, £1,000,000 perpetual > onsohdated debenture stock was issued to acquire securities of controlled properties. V. 76, p. 1247; V.
77, p 87; V. 80, p. 996. As to Imperial Kolllug Stock 5s of 1902, see
V. 75, p. 1353; of 1903. V.77, p. 1746, 1873; of 1904, V.79, p. 1641.
Great Northern Ry. of Canada bonds are guaranteed. V. 79, p. 2454.
General Finances —Late In 1904 and early in 1905 there were sold
$4,86«,666 first oonsol. mort. debenture 4s (V. 80, p. 116); £400,000
perpetual consol. debenture stock (V. 80. p. 996); and £l,9?3,2fr7 1st
M. debenture 3 p. c. stock (V. 80, p. 1231). See also " Bonds" above.
Earnings.— For 8 months ending Feb. 28, 1905, gross, $2,577,500;
net, $871,600.
Report.— Report for year ending June 30, 1904, was in V. 80, p.
1231, showing, gross, $3,242,702; net, $1,121,930; charges, $805,528;
sur., $316,402.
President, William Maokenzie; Vice-President, D. D. Mann; Treasurer, A. W. Mackenzie; Secretary, W. H. Moore. Office, Toronto, Can.
Directors - Wm. Mackenzie, D. D. Mann, Z. A. Lash, Frederic Nicholls
and J. M. Smith.— (V. 80, p. 116, 710, 996, 1174, 1431, 1234.)
Canadian Pacific Ry.—Road Own a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows July 1, 1904:
2,905 Under construction July 1,
Montreal to Vancouver
2,215
Branches and auxiliaries
1904
338
lines
3,120 Operated acct. of owners
Leased
438
Also
92
controlled but op. sep.
Used Jointly
ffMinn. St. P. & Sault Ste. M.1,648
TTDuluth South 8. & Atlantic 565
Total In traffic returns
8,332
ITSee eaoh co's statement.
In Sept., 1904, 113-mile branch was opened.
History, Etc.— incorporated Feb. 18, 1881, under oharter from Do
minion of Canada, receiving $25,000,000 in cash as a subsidy, also
25,000,000 acres of laud, all to be tit for settlement. In Feb., 1903, 15
steamships for trans-Atlantic service were purchased for £1,417,500,
and in June, 1903, aoquired Canadian Pao. Navigation Co., operating
to Alaska and Vancouver Island points. V. 76, p. 435, 479, 1354.
In Feb., 1905, negotiations were pending for purchase of Esquimau
& Nana1moRy.,Victoria to Wellington, B.C., 78 miles. V. bO.p. 7il, v 96,
Stock— The issue of preferred must never exceed one half the common stock. In 1902 the common stock was increased from $65,000,000
to $85,000,000, $19,500,000 of the new stock being sold to the stockholders at par. V. 74, p. 267, 378, 829; V. 75, p. 553, 665. The stockholders voted Oct. 5, 1904, to Increase the common stock to $1 10,000,000. Of the $25,500,000 new stock, $16,900,000 was offered to stockholders at par, payable 20 p c. Nov. SO, 1904, and 20 p c eaoh on
Jan. 30, Mar. 30, May 31 and July 31, 1905, or optionally all at any
time, the new stock to be entitled to dividend for half-year ending
June 30. 1905. V. 79, p. 902, 1028, 1461, 1641, 2146.
Dividends— > '90-'94.'95. '96.
2^
Common p. c>5y'rly
Amount
100 101,400,000 6 in 1904 A.
£100 33,473,333
A.
4
269
Canada Central RR. 2d mortgage (now 1st)
Quebec Prov. due on Q. M. O. & O. and N. S. RR. 370
3,221
Can. Pacific, 1st mortgage debenture sterling
lstmort. on Algoma Branch, gold
183
e*<fcr
Land grant bonds, int. gu. by Can. Gov't. .c"<fcr
.
Size, or
[Vol. lxxx.
±
500,000
5 g.
2,000,000
4 g.
1,100,000
4 g300,000
5 g135,000
4 g.
3,200,000
5
2,215,000
4 g50,000
5
238,000
6
589,110 See text.
A.
J.
J.
J.
J.
M.
A.
F.
J.
&
&
&
&
&
&
&
&
&
O. Phila., Gu.T.
& S. D.Co.
J.
Apr.
July
D. N.Y. Grand Cent.Stat'n Deo.
do
J.
do
July
Philadelphia, Pa.
J.
July
N. Philadelphia Co.'s office Nov.l9,*04,2»«
do
do
O.
Apr. 1, 1948
A. C'skill.N. Y. Tan.NI Bk. Aug. 1, 1905
,
Divid'd pd. Sept. 10,'97.
J
New
York, 52 Wall
St.
Aug.
Jan.. '05,
covered thereby are being deposited with the Government from time
to time towards liquidation of the company's liability; to Oct., 1904,
$3,500,000 was so deposited. V. 77, p. 636, 1221; V. 79, p. 1027.
List of securities held against consol. debenture stock in V.78, p. 1028.
In June, 1890, company agreed to guarantee the prinoipal and interest of $20,000,000 4 per cents, to be issued by the Duluth South Shore
& Atlantic; also 4 per cent interest on consol. bonds of the Minneapolis
8t. Paul & Sault Ste. Marie and in 1899 interest on the 2nd mortgage
4s of the latter, and in 1901 interest on $1,254,000 Mineral Range 4
per cent bonds, the last-named being all owned June 30, 1903. 8ee
V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68, p. 669, 770; V. 73, p.
556. Owns Dul. 8. 8. & At. consols. $15,107,000.
To the Atlantic dt Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Paciflo guarantees the balance of interest money.
St. Lawrence <& Ottawa bonds are endorsed with the Canadian Paoifio's
acceptance of a 999 years' lease at a rental sufficient to pay 4 per oent
interest on bonds, and the bondholders' agreement to accept interest
at 4 per oent (instead of 6 per cent as formerly) and to refrain from
demanding prinoipal (due 1910) during continuance of lease.
The New Brunswick Railway consolidated debenture stock has
Interest guaranteed by C. P.; interest on the first mortgage bonds,
though not guar, is paid out of rental under 990 year lease of 1890.
The Calgary <£ Edm onton Ry. debenture stock is guaranteed interst at 4 per cent under new lease of 1903. V, 76, p, 435; V. 77, p, 636.
The Lindsay Bobcaygeon & Pontypool Ry. bonds are Issued under a
99-year lease covering the interest. V. 77, p. 1225, V. 79, p. 2085.
Lands.— Lands unsold June 30, 1904, were 10,794,113 acres of Canadian Paoifio grant and 39^,384 acres of Manitoba South Western
grant, 144,853 Great North West Central grant, 3,594,998 British Columbia Southern and 149,326 acres of Columbia and Kootenay grant;
total, 15,082,674 acres. In addition there will be aoquired through
the Columbia & Western Ry. about 2.500.000 aores.
Total sales in
1903-04, 928,854 acres, for $3,807,248. Tax decision, Feb. 27, 1905,
,
V. 80, p. 996.
As to land grant bonds of 1888, see V. 75, p. 793; V. 79, p. 1028.
General Finances.— In 1902 stockholders subscribed to $19,500,000
new common stock at par. V. 74, p. 378.
Stockholders on Oot. 5, 1904, authorized the issue of consol. deb.
stock at not over $30,000 per mile, to construct the Toronto
Sudbury
branch, 235 miles, also the lease of certain lines, and acquisition of
additional steamships. V. 79, p. 1636.
Earnings.— 8 mos., ) 1904-5. ...Gross, $33,460,618; net, $9,869,587
July 1 to Feb. 28. J 1903-4 .. Gross, 30,341,949; net, 9,108,242
For6 mos. ending Deo. 31. 1904, net. $9,144,748, against $3,668,048
in 1903; charges, $3,4u0,151; div. on common (3 p. c), $2,535,000;
div. on preferred (3 p. c), $757,066; bal., sur., $2,*52,531.
Annual Report.—Fisoal year now ends June 30. Annual meeting ia
held at Montreal on the first Wednesday In October. The report for
1903-4 in full was In V. 79, p. 1020, 1027. See also editorial p. 997.
1903-04.
1902-03.
1901-02.
8,332
Miles operated end of year
7,748
7,588
$9,359,522
Passenger earnings
$12,418,419 $11,001,974
29.235,821
Freight
28,502,082
24,199,428
Mail, express and misoell
4,814,892
4,453,318
3,944,104
Total earnings
$46,469,132 $43,957,374 $37,503,054
$14,213,105 $15,836,846 $14,085,913
Net earnings
958,827
1,286.812
1,691.269
Interest reoeived
&
$15,044,741
$7,334,824
150,000
For steamships, etc
Dividends on common sfk...(6)5,070,000(5ifl)4,647,500 (5) 3,250,000
(4)1,300.000 ( 4) 1.246,840
Dividends on pref. stock
(4) 1 ,352,073
$3,063,077
$3,973,962
Balance, surplus
$1,666,204
New directors. Aug., 1903, V.77, p. 348 —(V. 79, p. 1636, 1641,
2084, 2146, 2587, 2641; V. 80, p. 116, 710, 871, 996, 1174.
$15,904,374
$7,586,097
230,000
Fixed charges
$17,123,658
$7,052,196
150.000
Cane Belt RR.— Sealyto Matagorda, 93 miles. Branch to Garwood, 9 miles, building. Lincoln Trust Co. of Rt. Louis is the
mortgage trustee. Bonds are issuable at $15,000 per mile, but all
bonds above the $750,000 now outstanding will be in subordination
to the lien of the latter on the present mileage. V. 77, p 2338. Stook,
$100 000, all acquired In Nov., 1903, by Atoh. Top. & Santa Fe, into
V. 77, p. 20y7. Year
Apr., 1905
which it was about to be merged
ending June 30, 1903, gross, $207,971; net, $17,227.— (V. 77, p. 2338.)
m
Carolina Central RR.—See Seaboard Air Line Ry. Co.
Carolina Northern Klt.-Owns from Lumberton, N. C,
to
Ma-
rion, 8. C, 41 miles. W. J. Edwards of Sanford. N. 0., and V. E. MoBee of Marion, 8. 0, are receivers. Receivers' certificates (6s) outstanding Dec. 31, 1904, $49,114; V. 76, p. 211. In Apr., 1905, foreclosure
was pending, but date of sale not fixed. Stook, $500,000, all outstanding; par of shares $10. For year ending June 30, 1904: Gross, $54,302; net, $19,616 total deductions, $39,368.— (V. 76, p. 211.
Carolina
&
Northwestern Ry.— Owns
standard-gauge road
C, 110 miles. In May, 1903, extension
was proposed from Freeland, N. C, near Lenoir, to Blue Ridge MounChester,
S.
C,
to Lenoir, N.
Reorganization in 1897 of Chester & Lenoir, foreclosed.
In Mar, 1900, nearly all stook was aoquired by a syndicate. Stock
authorized, $1,000 000 eaoh of common and 4 p. o. non-cum. pref.;
tains, 45 m.
)
.
.
..
.
RAILWAY STOCKS AND BONDS.
Apr., 1905.]
RAILROADS.
Miles
Date
Size, or
Par
Amount
For explanation of column headings, &o., see notes
Road. Bonds Value.
on first page of tables.
Outstanding
Cedar Rapids Iowa Falls d Northwestern— See Oh ICAOO Rock Island
100 1898
1,000
Central Branch— Cent. Br. U. P. 1st M., g.Dn...o*
288 1899
1,000
Central Bran oh, 1st mort., gnar., gold
1,000
Cent. of Georgia .Ry.— 1st M.,$7,000,000,g.G.o*.fer 312 1895
0*&r 1,400 1895
1,000
Consol. mortgage, $18,500,000, gold
1,000
Mob. Div. 1st M. (Columbus to Andalusia) g.G.o* 138 1895
1,000
Maoon & No.Div. 1st M., $840,000, gold. MBa.o* 102 1895
77 1901
1,000
Ooon.Div. 1st M., Brew, to Dover, $6,000 p.m.S.0*
1,000
Mid. Ga. & At. Div. 1st M.,$9,000 p. m.,our Go* Text. 1897
21 1896
500
Eatont. Br. 1st M. not sruar. by Cen. Ga., g
155 1901
1,000
Chatt. Div. puroh. money M. $2,400,000, g S.o*
1897
138
1,000
Chatt. Rome & So. 1st M. $500,000, gold.
1895
1,000
1st pref., inoomes ) Interest up to 5 p. o., Mp...
1895
if
earned.
gold,
Ce
1,000
do
>
2d do
&
of
of
Me
Me
Co*
3d
do
do
Cent.
)
non-oumulative
RR.& Bk. ooll.tr. b'ds, g., red.
at
Ma
HO.Ce.o*
30, 1904
Locomotive & oar trusts, payable $98,000
Car trusts, $33,000 due semi-annually
Equipment trust notes Nov.
s.-an.o
1895
1887
1,000
1,000
1900-1
1902-3
1,000
1905
Guaranteed, etc., securities.
o*
Ocean S8. Co. 1st mortgage, gold, guar.Ce
St'mship b'ds.g.ass'd by O.SS.Co.,$69,000 due s.a.
Augusta & Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt)
1890
1,000
1903-4
"Too
53
333
.
Chattahoochee & Gulf, stock
IstM., g., $2,000,000, int. rental, s.f.,red.l02 1a
"91
117
OentJnd.— 1st M., $4,000,000, gu.p.<fci.,end.Ce o*<fer
Central Massachusetts-See Boston & Maine RR.
Central New England— Common stock
Preferred stock, 4 per cent
1st M., $1,250,000, call at 105 after 1904. FP.O*
r
Gen'l mort., 5 p. o. incomes, $8,500,000.FP
Central Ohio—See Baltimore & Ohio.
100
100
1900
1903
1,000
1,000
100
100
58
58
1899
1899
1,000
1,000
outstanding, Aug. 1903, $859,650 common, and $550,000 pref.
stock. Of the 50 year 1st gold 5s, due July 1, 1953, (Standard Trust
Co. of New York, trustee), $1,500,000 were used to retire all underlying bonds and $1,000,000 are applicable to extensions, new equipment, etc. Year 1902-1903 (110 miles), gross, $193,261; net, $61,834;
charges, $23,776; bal.. sur., $38,058. Prest., Wm. A.Barber. 5 Nassau
St., N. Y.-V. 70, p. 893,1095; V. 76, p. 541; (V. 77, p. 348.)
Carson
&
Colorado Ry.- (3-foot gauge.)— From Mound House,
branch, 6 miles. In 1900
Cal., 294 miles;
substantially all the stock and all the bonds were acquired by the
Southern Paoiflo and the road will be broad-gauged and extended
northerly to a connection with the Central Paciflo and southerly to
Mojave on the Southern Paoiflo, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For year 1903-04 gross, $415,828.
Adirondack Ry.- (See Map N. T. Central.)—Owns
Carthage
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
$500,000, is owned by the New York Central RR., which in May,
1893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 were for extensions, etc (V. 57, p. 218.)
Nevada, to Keeler,
&
&
Carthage Watertown
—
Sac Hell's Harbor
KR,~ (See Map
Owns from Carthage to 8ackett's Harbor, N. Y. 29 miles.
N. T. Central.
Controlled by N. Y. Central, whioh owns $484,100 of the stock and
guarantees the bonds. Leased to R. W. & O. for 37i« p. o. of gross
earnings. Rental in 1903-04, $42,090; in 1902-03, $42,525; in 190102, $44,448. Capital stock $465,845 common and $21,500 preferred.
,
Catasauqua «fc Fogelsvllle RR.— Road from Catasauqua, Pa., to
Rittenhouse Gap, Pa., 295 miles. Opened in 1857; in 1890 the Philadelphia & Reading acquired oontrol through ownership of a majority of
the capital stock of $426,900 (par, $25.) Of the stook $254,125 is owned
by Reading Co., $251,625 being deposited as part securitv for Read,
gen. mort. of 1897. For year ending June 30, 1904, gross", $105,1*2;
net, $18,628; deductions, $9,209; dividends, $29,883; bal., def., $20,463.
Catawlssa
RR.—Owns from Tamanend, Pa., to Newberry Jo., Pa.,
98 miles, and branohes, 5 miles. Re-leased Deo. 1, 1896, for 999 years
to Philadelphia & Reading Railway. Rental, interest on the bonds, 5
p. 0. dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 969, 1116. Of the preferred
stooks in 1903 $2,200,000 was first preferred and $1,000,000 second
preferred and common was $1,159,500; par $50.— (V.72, p. 1187.)
Catskill Mountain Railway.— Owns narrow-gauge road from
Catskill, up the Catskill Mountain, to Palenville, N. Y., 16 miles leases
Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles.
Stock. $89,000. There are also second incomes for $15,600 6 p. o.
First Incomes have one vote for each $100.
Earnings.—Year ending
;
June 30, 1904,
Cayuga
gross, $53,642; net, $14,626; interest, etc, $11,773.
& Susquehanna RR.—Owns
from Susquehanna River
ta Ithaca, N. Y., 34 miles. Leased during length of oharter and renewals thereof to the Delaware Laokawanna & Western at a rental of
$54,600 a year. Dividends paid are 9 per cent yearly, with an occasional extra amount; in 1904, 91* p. c. was paid. Corporate existence
for 50 years from Jan. 1, 1900.
Central Branch Ry.—Owns Lenora to Atchison, Kan., 293
miles; Jamestown to Burr Oak, Kan., 33 miles; branohes, 62 miles.
Stook, $7,585,000.
The $3,459,000 1st 4s of 1899 are guaranteed, prin. and int., by the Mo. Pac. (see V. 68. p. 329). Form of guaranty V. 70, p. 279. For calendar year 1904, gross, $1,649,048; net,
$696,864; other receipts, $7,622; Interest, $238,360; taxes, $97,773;
miscellaneous, $13,655; balance, surplus, $354,698.— (V. 73, p. 31.)
Central of Georgia Rail way.— System inoludes:
Lines owned
Miles.
fee.
Lines leased— (see these cos.) Miles
m
Savannah to Atlanta
295 Southwestern RR.—
Gordon to Porterdale
86
Maconto Eufaula
Columbus to Blrm'gham,Ala. 156
Fort Valley to Perry
Columbus to Amerlous
62
Fort Valley to Columbus.
Montgomery to Euf aula, Ala.
80
Smithville to Columbia
Columbus to Greenville, Ga.
49
Cuthbert to Fort Gaines ...
Opellka to Roanoke
36 Augusta & Savannah RR.—
Euf aula to Ozark
60
Millen to Augusta
Grittin,Ga.,toChat.,Tenn, eto 198 Chattah. & Gulf RR.—
Chlokamauga to Durham
18
Columbia to Lookhart
Savannah to Tybee
18 Trackage
Columbus to Andalusia
138
.
Maoon Junction
144
12
71
85
21
53
91
1
to Athens. .
102
Total oper. Nov., 1904... 1.878
77 Also Meldrim to Lyons, 58 miles,
16
(leased to Geo. & Ala. Ry.
9
—Seaboard Air Line sys.)
Ocean Steamship Company,
ni„*_i
j
,
lotal owned
(and oper'd).. 1,400
estimated equivalent of.... 300
A
1
2 6 00 *- 17 1895 and Nov
! succeeded to the
T»™«rt?J^f V^T?
, ?.
Brewton to Dover
Barnesvllle to Thomaston.
Lyerly Branch
.
.
I
1
,
|
SSPSSf
s
"
?^ RR.
n^ e Central
60
>
-
'
& Banking Co.
and v 61 -P- 68
of Georgia, foreclosed
1008
Chattanooga Rome &
SnntEl™ £L^.
Southern
was merged June 1, 1901. V. 72, p. 674,
721, 987, 1134.
Stock.— $»,000,000 held by interests allied with Southern Ry.
nt m.° r\0<*9eot 1895 (described in V. 63, p. 1160) is
-. f 2f?r'~^%^
ew
e ^om Atlanta to Savannah, Including the
M#Lf.w£n« h '""$
T%^o
12
(
£?! ln * n h &n equipment and appurten2£J22?OT«,-6
?
*
lty **
1 9 5 '? 00 °^
the capital stock oFOcean
n fW
f
^
Steamship Co of
Savannah Trustee,
Guaranty Trust Co. of New York.
a Uv. was paid on Ocean Steamship
stock ln 1904. V. 79, p. 783.
'A
-
m
R?»™»M^
•
'
-
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Doe.
When Where Payable, and by Stocks—Last
Cent.
Payable
Whom.
Dividend.
Rate per
Pacific R T.
4 g.
$2,500,000
4 g.
3,459,000
5 g7,000,000
16,700,000
5 R.
5 g1,000,000
5 g.
840,000
5 g.
462,000
5 cur
413,000
168,000
4 g.
2,057,000
343,000
5 g.
1904
5
in
4,000,000
7,000,000 2 in 1904
4,000,000 Up to 5g.
5 g.
4,880.000
4ifl&6
84,028
41*
1.098,000
4ia g.
462,000
'
5g.
5g.
1,000,000
924,000
1,022,900
5,191,100
436,400
378,000
1,500,000
3,450,000
3,150,000
1,060,000
7,250,000
1531
5
5
5
5g.
4g.
>
5
J.
F.
P.
M.
J.
J.
J.
J.
J.
J.
J.
&
&
&
&
&
&
&
&
&
&
&
D.
A.
A.
N.
J.
J.
D.
J.
D.
D.
3.
Oct. 1
Oct. 1
Oct. 1
M. & N.
M'nthly
Various.
&
J. &
J. &
J. &
J &
J &
J. &
M. &
J.
J.
N. Y., Merc. Trust Co.
Do
do
N. Y. GuarantyTrustCo.
do
do
do
do
do
do
do
do
do
do
Savannah, Ga.
N. Y., Guar. Trust Co.
N. Y., Union Trust Co.
Guaranty
g.
F.
5g.
&
Oct.
1948
1,
1,
1,
July
1,
1920
To July, 1911
Jan., '05, 2ifl%
Savannah and Macon. Jan., '05, 213%
Savannah, Ga.
Jan. 1, '05, 2i«
J. Sav., Ga., Citizens'
N, N. Y., Central
July
Bk.
1,
1930
Mayl, 1953
Trust Co.
To be h eld In tr ust for ten years, or un
is pai d on gen eral mortgage for two
5
Nov.
Nov.
Tr. Co.
Savannah, Ga.
J.
1,
Feb. 1, 1919
1945
1945
Jan.
1946
Jan. 1, 1946
Deo. 1, 1945
Jan. 1, 1947
June 1, 1926
June 1, 1951
July l, 1947
N. Y., Gu. T. Co. or Sav. Nov. 1, 1945
do
•when earned. Nov. l, 1945
do
when earned, Nov. 1, 1945
N. Y., Guaranty Tr. Co. May 1, 1937
do
do
To Mar., 1908
N. Y., Blair & Co.
To Nov., 1910
do
do
To Jan., 1912
J. N.Y.,
J.
J.
June
til
4 per cent
years.
A. Fid. I.T.& S.D.Co., Phil.
Yearly, if earned.
1.
Feb.
Feb.
1,
1,
1919
1949
Application for listing firsts and consols. In V. 63. p. 1160.
consolidated mortgage (see abstract ln V. 61, p. 873, also see
V. 63, p. 1160) is a first lien upon 600 miles [inoluding former
Mont. & Eufaula RR., Sav. & Western and Sav. & Atl.]; also on
the leases of the South Western and Augusta & Savannah roads and
the stook of New England & Savannah Steamship Co., and a second
lien upon the main line, its equipment, eto., and also on the Maoon
& Northern and Mobile & Girard. It also covers all leaseholds, securities, eto. It may be Increased to $18,500,000, at not more than $500,000 ln any one year, for betterments and equipment.
Macon <& Northern Division bonds are also direct obligations of the
Central Ry., with first lien from Maoon Jot. to Athens, Ga., 102 miles.
Xiddle Georgia dt Atlantic Division bonds are issued at $9,000 per
mile, of whioh $8,000 was for purchase of road and $1,000 retained
by Cent, of Ga. for betterments; subject to the Eatonton Branch
bonds, $168,000 on 21 miles, the firsts of 1897 cover the 65 miles of
M. Ga. <fe At. Division.— (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
The preference income bonds, subject to the prior mortgages, cover
the main line and the former Savannah <fe Western, Columbus & Rome,
Montgomery & Eufaula, Mobile & Girard, Maoon & Northern and
Savannah & Atlantic RRs., and their equipment, etc; also all
leaseholds, securities and equities of properties acquired by the new
oompany. They are non-cumulative ana bear interest not exoeedlng 5
per cent in any one flsoal year, but payable only out of net earnings
as declared and seoured by the deed of trust.
Dividends—
) 1896. 1897. 1898. 1899. 1900. '01. '02. '03. '04.
2
2
5
3 5 5
On 1st pref. Inoomes. { l>i 2>4
3H
The first dlv. on 2d Incomes, 2 p. c, was paid Oct. 1, 1904.
Collateral trust mortgage abstract was in V. 45, p. 242.
The Chattanooga Division mortgage is a first lien on the former Chattanooga Rome & Southern RR., Car roll ton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chlokamauga, Ga., 17 miles, with
branohes, ln all 155 miles, subject to $343,000 old 5s, for whioh a like
amount of bonds is reserved. V. 72, p. 1134; V. 78, p. 1446.
Latest Earns., 8 mos. > 1904-05. Gross, $6,936,500; net, $1,901,519
July 1 to Feb. 28.
1,584,657
$ 1903-04.Gross,
6,564,668; net,
Annual Report Report for 1903-04 in V. 79, p. 783.
1903.
Tears end. June 30—
1904.
1902.
Gross earnings
$9,164,470
$7,750,691
$9,396,931
Total operating expenses
6,822,732
5,531,039
6,864,509
Taxes
269.817
269,471
322,877
Net earnings from operation.. $2,209,545
$2,071,921
$1,950,181
Other sources
192,413
201,674
220,661
Total net income
$2,264,334
$2,151,855
$2,430,206
Interest on funded debt
$1,666,299
$1,663,900
$1,663,900
Rentals and miscellaneous .
396,928
365,015
425,441
Div. on 1st Incomes
(5)200,000
(5)200,000
(3)120,000
Dlv. on 2d incomes
(2)140,000
The
—
Balance for year
def.$l,533
sur.
$3,506
sur.
$2,940
Hanson. Macon. Ga.— (V. 80, p. 1110.)
Central Massachusetts RR.—See Boston & Maine RR.
Central Indiana Ry.— Munoie to Brazil, Ind., 127 miles, of
whioh Brown's Valley to Sand Creek, 10 miles, is trackage. Suc-
Officers.— President,
J. F.
cessor In Mar., 1903, to the Chicago & Southeastern By., foreclosed
Feb. 19, 1903. V. 76, p. 653.
Controlled by the Cleveland Cincinnati Chicago & St. Louis and Pennsylvania RR. Interests. Bonds,
guaranteed by Cleveland Cin. Chic
St. Louis, are limited to $20,000
per mile; present Issue, $1,500,000 (V. 77, p. 517, 2279; V. 78, p.
1906, 1961.) Stock authorized, $120,000. Calendar year 1904, gross,
$141,845; def. under oper. exp., $80,967. In 1903, gross, $104,347.
President, Joseph Robinson.— (V. 77, p. 2279; V. 78, p. 1906, 1961.)
Central
England Ry.— Owns from Campbell Hall, crossing the Hudson River at Poughkeepsie by its own bridge, to Silvernails, 58 miles and leases and controlB Hartford & Conn. Western
RR., Hartford to Rhlnecllff, 109 miles; extension from Tariffville,
Conn., to Springfield, Mass., 18 miles, operated from Sep., 1902; total,,
185 miles. The lease of Dutchess Co. RR., Poughkeepsie to Hopewell
June, 12 miles, was assumed Dec. 1, 1904, by N. Y. N. H.
H. RR.
V. 72, p. 1279; V. 73, p. 337; V. 76, p. 435.
Organization.—Incorporated In January, 1899, per plan in V. 66,
p. 574, and V. 67, p. 789, as sucoessor of Phil. Read. & New Eng. RR.,
sold in foreclosure Oot. 6. 1898; V 68, p. 84. In Feb., 1904, the New
York New Haven <fe Hartford RR. acquired a majority of the stock
and $5,100,000 of the $7,250,000 income bonds; V. 78, p. 701,768.
Owns $1,390,000 Hartford & Conn. Western stook
Stock.—The stook is to be held In voting trust for ten years, or until
4 p
Interest is paid on general mort. for two years. Voting trustees,
J. P. Morgan, Wm. Rookefeller, Charles F. Choate, Charles F. Brooker
and Charles Lanier.
Bonds.— Of the first 5s, $600,000 were reserved for Improvements.
Earnings.— 12 months ending June 30:
Balance.
1 2 mos.—
Gross.
Net.
Oth. income. Charges.
1903-4
$193,458 def.$19,222
$847,751
$138,878
$35,358
&
New
;
&
1902-3
655,535
133,286
7,565
155,160
def.
14,309
Officers.—C. S. Mellen of New Haven, President; A. S. May, Treas.,
and J. G. Parker.Seo'y.— (V. 78, p. 701, 768; V. 79, p. 2641.)
Central Ohio RR.—See B. & O. RR. Co.; also V 70, p. 75.
RAILWAY STOCKS AND BONDS.
1532
Subscribers will confer a great favor by
si vlng
RAILROADS.
[Vol. lxxx.
Immediate notice of any error discovered In these Tables.
Bonds— Prinoi
INTEREST OR DIVIDENDS.
Size, or
Miles Date
Amount Rate per When Where Payable, and
of
Par
For explanation of column headings, Ac, see notes of
by
Road. Bonds Value. Outstanding
on first page of tables.
Cent.
Payable
Whom.
Central Pacific—Common stock, $67,275,500
Preferred stock, 4 p. c, cum., $20,000,000
1st ref. M., $100,000,000, g.,gu.,p.Al.en.Ce.o A &r 1,349
New 3is8, $25,000,000, g., gu.,p.A
New M. on Lucln cut-off
100
1899 500 Ac.
1899 500 Ac
1904 lOOO&c,
1899
100
1883
1,000
1887 500 Ac.
$67,275,500 Held by South'n
13.000,000 Held by South'n
a76,377,000
4g. F. A A.
17,493,000
3*3 g. J. A D.
8.300,000
4g. A. & O.
23,525.088
3
27,419,800 8 in 1904 Q.-P.
46,000
M. A N.
6
b45,091,000
5 g.
IF
2,600,000
Various
4
Various
2,800,000
4
179,100
Various
5
end.Us.c*&r 1,349
103
text, G. c.*& r
Notes for U. 8. debt.due $2,940,635 half-yearly.
Cent. RR. of X. J.—Stock ($30,000,000 author)
Convert, debentures, oonvert. Into stock till 1907
Cent.RR.ofN.J.,Gen.M.for$50,000,000,g.Ce,o<fer All.
'99-'02
1,000
Equip. M.,8er. A & B. $420,000 due y'rly
1903
1,000
do
do Ser. C, $350,000 due yearly
Real estate bond and mortgages
Guaranteed Bonds
1875
1,000 12,175,000
Leh. A Wilkesb.Coal con.M., gu.,p.Al.,ext. In 1900
4ifl
1888 1,000
2,691,000
5s of 1912, slnk.fd. not guar.(not drawn) FP.o
5
c"
1881
1,000
Am. Dock* Imp. Co. 1st M.,gu., redeem, at 110...
4,987,000
5
1,000
38 1891
Ce
1,745,000 4 A 5 g.
N. Y. A L. Br. gen. M., g. ($192,000 5s)
1890
1.000 c 1,062,000
Leh. & Hud. Riv., gen. M., g., guar. Jointly.Ce.c*
g
1893 500 &o.
Cent. RR. of Pennsylvania— 1st M., $1,200,000.FP
600,000
i
"id 1881
1,000
Central of South Carolina—1st mortgage, gold...o
300,000
6g.
100
Oenlral Vermont—Stook, $3,000,000
3,000,000 $2,185,1
1899 lOOOAo 11,000,000
1st M., $12,000,000 gold, traffic guar. A
c A r.
4g.
Montreal <fe Province Line Ry., 1st M., gu. p. l.,c 406 1900 100 Ac.
200,000
4g.
Charleston <6 Sava7mah—8ee Atlantic Coast Line RR.
1903 lOOO&c.
Charleston Term'l— 1st M., $1,000,000, g.S..c* & r
800,000
4g.
340 1896
1,000
Oharl.ct West. Car.— 1st M.,g.($8,000 p.m.) .Ce..o*<fer
2,720,000
1896
1,000
Income M., g., non-cum., ($7,000 per mile)
2,380,000
1897
1,000
Augusta Terminal Ry. 1st M.,g.,gu.,p,Ai. end.Ce.
600,000
"22 1902
1,000
Charlotte Monroe & Columbia—1st M., $70,000, g.
70,000
II:
1.
.
—
-
ML
H
<fc
Co*
fi
b
On coupon bonds JAJ; on
registered bonds Q.-J.
retained as collateral for notes
Includes $1,167,000 in treasury Dec, 1904.
a Balance, $23.5?5,000
Central Pacific
—
Miles.
Miles.
Umbria to Cecil
103
43
871 Branohes to San Jose, etc
Trackage
Lathrop, Cal., to Goshen, Cal. 146
Into Ogden, eto
11
Roseville Junction, Cal., to
Oregon State Line
296
Total
1.460
OBOANiZATiON.—Incorporated in Utah in July, 1899, as successor of
the railroad under the plan of readjustment in V. 68. p. 378, by which
the Southern Paciflo acquired the entire oapital stook and guaranteed the principal and interest of the new bond Issues.
Ban Francisco,
Ogden, Utah
('al.,
to near
—
Stock— (1) Common
stock, $67,275,500, all held by So. Pao. Co.
Preferred stock, 4 per cent cumulative, authorized issue $20,000,000, to be delivered to Southern Pacific Co. in consideration of issue
of equal amount of Southern Paciflo Co. 4 per cent collateral
trust gold bonds; of which delivered on completion of readjustment, $12,600,000; reserved to be delivered only to provide additional funds, if required, for the payment of 3 per oent 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.
Bonds— First refunding M. gold 4s, $100,000,000, secured by all
the railroads, terminals and equipment now owned, including about
1,349 miles of first track, eto. Of the authorized issue, $23,526,000 ie
held by the United States as collateral for 3 per cent aotes. See Abstract. V. 69. d. 808. and V. 70, p. 739; V. 78, p. 228.
Thirty-year gold 3^8, $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 Paciflo Ry., consisting July 1, 1904,
of $8,933,224 in securities and $134 cash, and by a trust deed
upon all the lands covered by the mortgage dated Oct. 1, 1870.
See Mortgage Abstract, V. 69, p. 858; also see p. 851. From the proceeds of these sinking funds and land sales cancellation of bonds will
be made from time to time; in February, 1900, $2,505,000 3^8 were
oanoeled, and to Apr., 1905, $3,898,500 additional had been canceled
reducing those out standing to $17,493,0 00. V. 70, p. 739; V. 70, p. 1 194.
Twenty three-per-cent notes, aggregating $58,812,714, issued to
the Government in settlement of subsidy debt; $35,287,626 paid, leaving $23,525,088 to mature, $2,940,635 half-yearly thereafter to Feb.,
1909. First refunding 4s are deposited to retire them when due.
In Oct., 1904. $8,300,000 fifty-year 4 p. o. guaranteed bonds on ihe
Luoin cutroff, Ogden to Lucin, Utah, lOi miles, forming part of $10,000,000 authorized, was sold. They are redeemable at 1 07 j* on Oct. 1,
1909, or any interest day thereafter. V. 79, p. 1641. Form of
guaranty, V. 80, p. 162.
Land Grant.—Total land grant was about 12,000,000 acres, of which
about 7,706.797 acres remained unsold on June 30, 1904. Sales in
1902-3, 4.470 acres; cancellations, 15,609 acres. Land contracts
July 1, 1904— principal, $710,799; average price per acre, $4'42.
Earnings.- For 6 mos. erding Dec. 31, 1904, gross, including other
income. $1^,477,123; net $5,813,948; charges, $3,012,260; bal., sur.,
$^,801,668.
Report —In 1903-04, gross, $22,444,213; net, $8,518,645; other
income, $886,228; int., taxes, sinking funds, etc, $5,914,751; bal.,
eur., $3,490,122.-(V. 80, p. 162, 471, 649. 871).
(2)
Central
RR.
of New Jersey.— (See Map
Phila.
<6
Reading Ry.)—
Operates from Jersey City, opposite New York City, westerly to
wilkesbarre anr* Scranton, Pa., and the neighboring anthracite coal
fields
;
also southerly to the seashore resortsof
Miles.
Lines owned in fee.
72
Jersey City to Phillipsburg
82
Sundry branches
Entire stock owned.
New York A Long Branch RR.,
Perth Amboy to Bay Head.. 38
New Jersey 8outh'n RR., Long
Branch
to Atsion, eto
Lehigh
New Jersey,
M.
J.
M.
J.
A
A
A
A
A
A
etc.:
&
Susquehanna, Phillipsburg to Union June, eto. ..171
Wilkesbarre A Scranton IT
5
Other lines
9
Allentown Term. (oper. jointly) 3
—
Trackage
Union Coal RR
10
76 Lehigh A New England
2
141 Tresckow Branch
5
Other lines (no debt)
Leased (mostly for 999 yrs.) Miles.
10 D See this company.
Ogden Mine RR. H
Nesquehonlng Valley IT
17
Total operated April. 1905. 641
There are 263 miles of second and 30 miles of four tracks.
History.—Chartered In 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia A Reading. Receivers were in possession from
Jan. 1, 1887, till January, 1888. Reorganized in 1887 without foreBlosure— see plan V. 44, p. 714, 716. Concerning coal properties, see
Lehigh A Wilkesbarre in Sdpp. of Jan., 1903 (p. 159), and Lehigh Coal
A Nav. in "Miscellaneous." In Jan., 1901, Reading Ry. acquired
$14,500,000 of the stock. V. 72, p 86,136,241,391,721.
DIV.— < '91. '92 to '94. '95. '96. '97.'98. '99. '00. '01. 1902 to Mav, '05.
4
P. 0. 1 6% 7 yearly. 5^ 5 4** 4
5
5
8 yearly (Q.-F.)
Bonds.— For general mart, abstraot see V. 45, p. 402.
TheL. AW. Coal mortgage is for $15,000,000; the bonds, formerly
7s., of which $12,175,000 have been Issued, were in 1900 extended at
See guaranty, V. 71, p. 26.
4*fl p. c. and guaranteed, prin. and int.
do
New
do
York.
do
do
do
do
do
do
do
do
8.
J. N. Y.,
Dividend.
Aug.
Aug.
1,
1,
1949
1929
May 1, '05, 2%
May 1, 1908
July
1,
1987
1905 to 1912
To 1913
Various dates
do
do
do
do
J.
Due.
— Last
Oot. 1, 1954
Aug '05 Fb.'09
N.Y.Off.,143 LibertvSt.
N. Y., Liberty Nat. Bk.
N.
Stocks
Company.
Company.
N. Y., 120 Broadway,
Q.-M.
do
do
do
do
Nat. Exch. Bank.
June
Nov.
July
1,
1,
1,
8ept. 1,
July
1,
1910
1912
1921
1941
1920
1943
1921
N. Phil .Fid.I.Tr.A 8.D.C0. May 1,
J.
J. N. Y., Cuyler, M. & Co. July l,
00 held by Grand Trunk Ry. of Canada.
Q.-P.
Bos., Am. L. A T. Co.
May l, 1920
A. A O.
do
do
Oot. 1, 1950
M.
& J.
A O.
Oot.
A. A O.
N.Y., Standard Tr. Co,
N. Y., Central Tr. Bank.
If earned.
N. Y. Cent. Tr. Co.
July
O. R»dT.AS.D.Oo.,R d,Va.
Oot.
J.
A.
A.
&
c Guara nteed Jointly with Le high Co
y U. 8. Government
Ry.— (See Map of Southern Pacific.)
Lines owned
Pacific
Pacific
pal, When
al
A
Oot.
Oot.
Apr.
1,
1,
1,
1.
1,
1953
1946
1946
1947
1932
Navigation Co.
Jointly and severally with the Lehigh Coal A Nav. Co guarantees $1,062,000 Leh. A Hud. Riv. Ry. Gen. 5s, prin. and int. See V. 67, p. 788
Earnings.—For 8 mos. ending Feb. 28:
8 mos.
Cross.
Net.
Oharges.
Bal., sur.
1904 5
$14,662,075 $7,011,350 $4,740,735 $2,270,615
1903-4
6,302,298
14,233,077
4,082,034 2,220,264
Charges in 1904-5 include $1,073,046, for additions and improve'
ments, against $452,710 the previous year.
Annual report. -The report for 1903-04 was in V. 79,
1326.
Earnings from1904.
1903.
1902.
Merchandise
$6,960,722
$6,868,077
$5,949,186
Coal
7,741,409
6,054,769
5,717,062
Passengers
3,280,877
3,045,331
2,«86,517
Express and mail
336,287
303,776
292,665
102,657
85,203
Miscellaneous
94,807
Total gross earns, rail lines $ 1 8,42 1,»52 $16,357,156 $14,740,237
Net earnings
$8,576,373
$6,342,345
$6,498,393
1,497,265
1,507,794
1,965,929
Other lnoome
8,4«4,322
Total net lnoome
$10,073,638
$7,850,139
2,843,308
;2,717,186
Interest on debt
$2,866,490
2,231,326
Rentals paid
2,406,994
2.456,148
Taxes
473,951
415,887
415,687
..
....
440,000
Renewal funds, eto
1,665,146
1
Dividends
(8)2,193,464 (8)2,193,264(7 4)1,985,648
def.58,468 sur.$674,475
Balance, surplus
sur. $467,594
—Directors, May, 1901, V. 72, p. 987; (V. 79, p. 1641, 2642.)
Central RR. of Pennsylvania.— Owns Bellefonte (Penn. RR.)
to Mill Hall, Pa. (Penn. Div. of N. Y. C. A H. RR.) 27 miles;
branoh, 5 miles Current liabilities June 30, 1904. $526,432. For year
1903-4, gross, $82,672; net, $17,393; oharges, $60,966; deficit,
$43,573. Stock, $1,200,000; par, $50.
Central RR. of South Carolina.— Owns from Lane, 8. C, to
Sumter, S. C, 402 miles, spurs, etc, 1*61 m.; total, 41 81 m. Leased
to the Atlantic Coast Line RR.; rental, $31,000 yearly and taxes.
Stook, $170,000, par $50. In 1903-4 rental received, $31,000; general expenses, $269; interest, $18,000; divs. (7*20 p. c), $12,240; bal.,
.
sur.,
$491.— (V. 64,
p. 887.)
Central Ry. ofNew Brunswick,— See New Bruns. Coal A Ry.
Central Vermont Ry.— Operates from Rouse's Point, at north end
to New London, Conn., with branches 531 miles in
218 miles leased, viz.: New London & Northern (see that
Montville Br., 3; Montreal <fe Province Line Ry., 40
Organization.—Succeeded May 1, 1899, per amended plan in V. 67,
p. 735. the Central Vermont Railroad, foreclosed. V. 68, p. 1076.
Securities, Etc.— The Grand Trunk Ry. holds $2,185,100 of
the $3,000,000 stock, and under a traffic contract 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 trafiio interchanged. Montreal A
Province Line Ry. bonds, see above. V. 71, p. 390, 697.
Report.— For year ending June 30, 1904, in V. 80, p. 468, showed
of
Lake Champlain,
all of which
;
co.), 157
m
Tear.
Net.
Cross.
Oth. inc.
Oharges.
Bal., sur.
$2,646
$10,840
$667,787
$659,593
3,562,
10,840
667,787
660,509
Officers.— President, Charles M. Hays; Clerk ana Treasurer, W.H.
Chaffee, St. Albans, Vt.— (V. 79, p. 1641; V. 80, p. 468.)
Charleston & Savannah Ry.— See Atlantic Coast Line RR.
Charleston Terminal Co.— Road.— Owned terminal road In
Charleston, S. C, 3 miles; double track laid with 60 pound steel.
Company also owned 14 wharves, 30 warehouses, about 30 acres of
land, 4 cotton compresses, etc, on the city's water front, these being
connected by its own road with the other railroads entering the city.
A reorganization of the East Shore Terminal Co.'s RR., foreclosed
July 14, 1903; V. 77, p. 146, 298. Stook, $200,000, owned jointly by
Atlantic Coast Line RR. and Southern Ry. Of the bonds, $200,000
are reserved lor future purposes. President, Win. E Huger; Treasurer, R. D. Lankford; Secretary, Henry Fraser. (V. 77, p. 298.)
Earnings.—Net earn'gs for year ending June 30, 1902, old oompany,
were $25,807; in 1900-01, $22,042.— (V. 76, p. 1300; V. 77, p. 146.)
Charleston & Western Carolina Ry.—Port Royal, S. C, to
Augusta,Ga.,112 m., and Spartanb'g, Greenville aud Anderson, 227 m.;
trackage, 3 m.; total, 342 miles. A consolidation Oct. 3, 1896, after
foreclosure sale. Entire stock and large portion of income bonds were
acquired by Atlantic Coast Line in Dec, 1897. V. 66, p. 38, 335.
Stock.— $1,200,000; par, $100. A full statement as to Augusta
Terminal Ry Co. and its bonds was in V. 66, p. 383.
Earnings.-Fot year ending June 30, 1903, gross, $1,111,061; net,
$1«9,844; other income, $25,563; total deductions, $215,200; surplus,
$207. President, J. B. Cleveland, Spartanburg, 8. C; Secretary, R. D.
1903-4
1902-3
$3,524,591
3,636,382
Cronly, Baltimore,
Md.— (V.
73, p. 1207.)
Monroe & Columbia RR.— McBee,
8. C.„ on Seaboard Air Line to Jefferson, 22 miles; extension to Jefferson, 11 miles,
was completed Oct., 1903. Stock, $48,000. In 1902 filed above mortgage to the Richmond Trust & Safe Deposit Co., as trustee. V. 75,
p. 1030. For year ending Jan. 31,1904 (11 miles), gross, $18,094;
Charlotte
Apr., 1905.
RAILWAY STOCKS AND BONDS.
roap-wjoaciw; *
1533
RAILWAY STOCKS AND BONDS.
1534
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Charlotte Columbia <t Augusta—See Southern Rt.
Ohartiers Stock
1st mortgage, $625,000, gold
o*
Chat. <£ Lake Placid— Sar.
L. PL, 1st M., g.Ce.c*
2d mortgage, $24,000, Ce
Chattahoochee Talley-lst M., $110,000
Chesapeake Beach— 1st M., $1,000,000, gold.N..o*
Ohes apea fee & Ohio—Stk. (transfr agt.J.P.M.&Co.)
—
$50
23
10
10
10
34
&
AB
Mortgage
6s, gold, ser.
"A & B'.Ce
o*
o"
S
428
75
lstmort.,of 1911, Penin. Ext., gold
*
Ter"! 1st m.,1922, covering 8 m., to Phoebus.g.o*
8
664
lstoonaol. mort. for $30,000,000, gold..Ce.o*<fcr
241
Rich. & All Div. lstcon.M.,g. 8ee text.. .Ce.o*
2d cons. M.,Rioh. via. Lynchb. to Clifton F.Ce 241
26
Craig Valley branch 1st mortgage, gold
Ce.o*
25
Warm Springs Branoh 1st mortgage, gold. .Ce.o*
General mort. (for $70,000,000, etc.) gold. .Ce.o* 1,174
Kineon Coal mort., assumed, red. beg. Oct., 1905
18
Greenb.&NewRlv.RR.lstM.,g.,ass.(V.75,p.562)
Greenbrier Ry. 1st M., $3,000,000, g., ass. Col. o*
98
Collateral notes (Ches. & Ohio) gold (see text) .
Oar contracts, payable monthly on 4,700 cars..
Car trusts on 25 loco, and 1,000 cars, pay. ann'ly
,
Oar trusts, ser. B, g., $200,000 due y'rly..GP c*
Car trusts, ser. C, g., $50,000, due semi-annually.
Car trusts, ser. D, gold, $200,000 due yearly ....
Car trusts, ser. E, g., $50,000 due semi-aim
Car trusts, $90,000 due seml-ann
Guaranteed Bonus.
Elevator Co. 1st M.,gold,p.&i. guar
Ce.o*
2d mortgage, for $500,000, inoome, non-cum.c*
C.
&
O. 88. 1st M. deb. red. at par, gu., p. & 1
called yearly at par.
IT Series "A" are A,
a £10.000
1901
1893
1896
1900
1898
1,000
1,000
500
1,000
1,000
100
1878
1,000
1881
1,000
1882 500 &c.
1889
1,000
1890
1,000
1890
1,000
1890
1,000
1890
1,000
1892
1,000
500 &c
1900
1904
1,000
1,000
5,000
99-'02
1901
1902
1902
1903
1903
1905
1888
1888
1893
&0.;
1,000
1,000
a£50.000
(See
map Del. £ Hudson).—
Operates from Plattsburg, N. Y., to Lake Placid, 80 miles, of which
Plattsburg to Dannemora, 16 miles, is leased from State of New York
for one dollar and free transportation of freight to the State's Prison
at Dannemora, and balance owned. Standard-gauged in 1903 04. V.
78, p. 985. A consolidation in July, 1903, of the Chateaugay Ry., the
Chateaugay RR. and the Saranao & Lake Placid RR.; V. 77, p. 249.
Stock. $2,450,000, of which $2,000,000 is 4 p. c. pref., the latter all
owned by D. & H. V. 79, p. 2696. Leased to the Delaware <fc Hudson for 500 years from Jan. 1, 1903, any balance over expenses of operation, interest, taxes, maintenance, damages, div. on pref. stock, etc.,
to go to the lessor. The lease is subject to revision after 5 years on request of either party. (V. 79, p. 2696; V. 80, p. 1362.)
Chatham
Lebanon Valley RR.-See Rutland RR.
Chattahoochee
Gulf
Columbia. Ala., to Floralia, 92
&
&
BB.—
V. 71, p. 806; V. 75, p. 848, 1146.
Lease.— Leased in 1900 in perpetuity to Cent, of Georgia Ry. for 6 per
cent on $436,400 stock and $378,000 bonds, of which 1 p. c. to be used
as a sinking fund for retirement of bonds, upon completion of which
rental will be 5 p. c. on stock, payable J.- J. See Central of Ga. Ry.—
(V. 75, p. 848, 1146, 1301; V. 77, p. 195, 2279.)
Chattahoochee Valley
West Point, Ga., to Jester, Ala.,
16^ miles. Stock authorized, $1,000,000; outstanding, $110,000; par
of shares, $100. Bonds, see .table above. For year ending Nov. 1,
1902, gross, $34,602; net, $13,974; interest on bonds, $6,000; dividends (5 p. c), $5,500; bal., sur., $8,974.
Chattanooga Southern
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 miles. Successor to Chattanooga Southern Ry., sold in foreclosure Feb. 14, 1895 plan in V. 61,
p. 830, but in October, 1904, the new bonds had not been issued.
The new lsts were to be $5,000 per mile on present mileage and $10,000 on extensions; and the income mort. 5s, $750,000. V. 63, p. 401.
Stock, $3,000,0' 0, of which $750,000 preferred; par, $100.
Earnings.— 8 mos., > 1904 5
Gross, $80,621; net, $6,022
July 1 to Feb. 28. $ 1903-4
Gross, 74,254; op dni.2,114
ending
Year
June
T
30, 1904, gross, $111,253; def. under oper. expen.,
$16,603. Sec, E.C. Osborn, 31 Nassau St., N. Y.— (V. 63, p. 823.)
Chesapeake Beach Railway.—Washington, D. C, to Chesapeake Beach, Md., 34 miles; opened May 1, 1903. Stock, $1,000,000, all outstanding; par, $100. President, Syl. T. Smith; VicePres.,
A. O. Ridgway; Seu and Aoting Treas., Paul Y. Waters. Office, 1416
New York Ave., Wash.. D. C. (V. 69, p. 228; V. 75, p. 980.)
miles.
BB.—
BB.—
;
;
;
& Ohio By.— (See Map.)— Operates from Newport
and Washington, D.C, to Cincinnati, Ohio, with branches,
Lines owned in fee—
Miles.
Miles.
Old Point Comfort and NewBridge— Covington, Ky., to
Chesapeake
News
port
Va.,
News
ville to
via Charlottes-
Ashland,
Ky
Richmond via Lynchburg
to
Clifton Forge, Va
Branches In Va. and W. Va..
Lines controlled by stock, etc.
Big Sandy River to Covington, Ky.
Cincinnati, Ohio
512 Garrison to Carter,
Lines leased
—
Ky
230 Sundry branches leased
Trackage to Louisville
—340 Trackage
to Washington.D.O.
2
20
41
84
85
31
Other trackage
150
Denton, Ky.,to Lexington.. 103
Total system June 30, 1904.1,671
Branches in Kentucky
74 Second track
178
Also owns one-sixth interest in the Richmond- Washington Co.
History, &c—The former Chesapeake & Ohio was sold in foreclosure April 2, 1878, and this company organized. In 1888, under
the direction of Drexel, Morgan <fe Co., reorganized without foreclosure,
and the road extended to Cincinnati. The consolidation with the Richmond & Alleghany was consummated In Jan., 1890, with Elizabethtown
Lex. & Bier Sandv, etc., in 1892 and Greenbrier and other roads In 1903.
Capital Stock.— Common stock authorized, "unlimited;" outstanding, $62,790,400; increased from $40,000,000 to this figure since 1892
through exchange of practically all the $25,000,000 of preferred stocks
for common stock and general mortgage 4i« per cents In certain proportions and acquisition of stocks ot other companies. V. 77, p. 450,
768. First preferred for $8,200 and second preferred for $800 only
was outstanding Aug 31, 1904. See terms of exchange in V. 54, p. 642.
Stock may be reduced by majority vote of stockholders.. V. 70, p 175.
Dividends.— 1899 to 1904, both inclusive, 1 p. 0. yearly.
Bonds.— Abstract of consol. mortgage of 1939 In V. 49, p. 147; of
Richmond A Allegheny mortgages in V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and H. T. Wiokham
5
5
400.000
39,573,000
200,000
339,000
2,000,000
4,000,000
540,110
700,000
1,600,000
750,000
1,800,000
900,000
1,800,000
$1 3,354), M.
;
4
1,000,000
650,000
£100
net over Interest, $9,172; dividends (15 p. a), $7,200. President,
Ernest Williams.— (V. 75, p. 1030.)
Chartiers Ry.—Owns from Carnegie, Pa., to Washington, Pa., 23 m.,
Leased till 1971 to the Pittsburg Cincinnati & St. Louis (now Pittsburg Cincinnati Chicago & St. Louis); the rental is net earnings.
Capital stock, $645,300 (par $50); Pennsylvania Co. owns $333,850
Dividends— ) '92. '93. '94. '95. '96. '97. '98. '99-'02. '03. '04. 1905.
since *91 (p.o.) $ 8
10 10 8
9 10 10 7 y'rly. 8
8 Apr. 5
Earnings.— For year ending Dec. 31, 1904, gross, $703,853; net,
$226,666 other income, $10,657; Int. and other charges $38,326; Improvements, $12,149; dividends. $51,624; bal., sur., $135,224. In
1903, gross, $708,853; net, $135,715,— (V. 73, p. 615; V. 80, p. 1234.
Chateaugay & Lake Placid By.
2*
830,000
450,500
'B"
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Cent.
Whom.
$645,300 See text.
3*« K.
625,000
120,000 5 (6) g.
24,000
5
5
(?)
1,000,000
5 g.
62,799,400 1 In 1904
2,013,354
6g.
2,000,000
142,000
g
25,858,000
i
4
6,000,000
1,000
1,000
&
[Vol. lxxx.
4*2
5
5
g.
g.
g.
When Due.
Stocks— Last
Dividend.
pal,
bv
&
&
&
&
&
&
O. Co.'s ofBoe, Pittsb'g.Pa, Apr. 1, '05, 5%
do
O.
do
Oct. 1, 1931
N. N. Y., 21 Cortlandt St. Nov. 1, 1913
N.
do
do
Nov. 1, 1913
J.
J. Am. L. & T. Co.. Boston. July 15, 1920
J.
J. Offloe.Washington, D.C. July 1, 1923
Yearly. N. Y.,J. P. Morgan & Co. Nov.30,'04,1%
A.
A
M.
M.
IT
& O.
& D
M. & N.
J. & J.
J. & J.
J. & J.
M. & 8.
M. & 8.
A. & O
F. & A
M. & N.
A. & O
F. & A.
g F.
!
4 g. M.
-
&
&
&
&
A. &
*g. A. &
Oct.
4
5g. J. &
4g.
4g.
*g-
Bonds—Princi-
F.
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July
June
Cen.Tr. & S.Dep. ,Cin. ,0.
Richmond.
P.Morgan & Co
do
do
N.Y., J.
O. N.Y., J.
J.
1,
1,
Aug., 1905-11
Aug.l5,'05-'12
8ep.'05-8ep'12
Aug.
1,
1918
J'ne,*05-Do. 13
Oct'05-Apr'15
P.Morgan & Co.
do
1908
1923
1939
Jan.
1989
Jan. 1: 1989
July
1940
Men. 1: 1941
Mch. 1, 1992
Oot. 1, 1915
Aug. 1, 1942
Nov. 1, 1940
Apr. 4, 1906
To May, 1907
*»».
May
A. Glrard Trust Co., Phila
8
N. ST., Blair & Co.
A.
do
do
D.
do
do
do
do
O.
1.
1,
Jan. 1, 1911
do
Oct
Oot.
London.
Jan.
1,
1,
1,
1938
1988
1909
N.
trustees) Is for $70,000,000, but additional amounts at $25,000 per mile
may be issued for double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 oonsols of 1889, issued or to be issued, etc The balance unissued may be
sold for new acquisitions, rolling stook, 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
aoquired with the prooeeds of the bonds. See full abstract of mortgage
In V. 54, p. 644; also V. 54, p. 642; V. 55, p. 335. In Apr., 1905,
$39,573,000 had been listed on New York Stock Exchange, $6,500,000
having been sold during 1902-04 for construction and Improvements.
V.76, p. 381; V. 77, p. 710, 1532; V.78, p. 701, 988. 1108; V.80,p.l423
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.
Of the Greenbrier Ry. 4s of 1900, guaranteed principal and interest,
and assumed in 1903-4, $1,000,000 are reserved for extensions and
improvements. See guaranty, V. 72, p. 626; see also V. 71, p. 554, 602;
V. 79, p. 915. Of the Big Sandy 4s of 1903, $1,000,000 is reserved
for future extensions and improvements. V. 79, p. 917.
The car trusts, series B, cover equipment costing $2,343,120, Including 25 locomotives, 1,000 steel gondolas, 300 wooden box oars, 400
wooden gondolas, etc; series C, 1,000 gondolas; series D. 50 locomotives and 1,000 gondolas; series E, 1,000 F. B. steel gondolas; oar
trusts of 1905, 18 locomotives and 15 steel cars. V. 75, p. 239, 393;
V. 79, p. 916; V. 80, p. 1423.
Operations, Finances, <fcc.—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 majority
of the stock. V. 70, p. 75, 632; V. 72, p. 480,
On June 30, 1904, the N. Y. Cent. & Hud. Riv. and Clev. Cin. Chic <fc
St. Louis owned stock representing outlays respectively of $1,638,455
and $2,453,569. V. 71. p. 398,505. On Jan, 1, 1905, the Pennsylvania RR. proper owned $10,130,000, the Pennsylvania Company,
$4,000,000 and the Northern Central $1. 500,000 of the stock.
As to purchase of one-sixth interest in majority Hocking Valley
common stock, see that company. V. 77, p. 1225.
In 1904, $4,000,000 of two-year 5 p. 0. collateral gold notes ($5,000
each) due April 4, 1906, were sold, secured chiefly by Big Sandy Ry
guaranteed bonds. V. 78, p. 1391; V. 79, p. 917.
The C. & O. 88. Co. line was formally opened Sept. 7, 1893, and owns
six steamers, using the railroad wharves at Newport News.
Gross, $13, i58,215; net, $4,887,355
Earnings.— 8 mos., ) 1904 5
July 1 to Feb. 28. 5 1903-4 - .Gross, 12,642,081; net, 4,243,922
For 7 mos. ending Jan. 31, 1905. net, $4,148,218; fixed charges
(net), $2,675,654; bal., sur., $1,472,564.
Annual Report.— Fiscal year ends June 30. Annual meeting is
held at Richmond on the Tuesday preceding the last Tuesday in
October. Report for 1903-04 was given in full in V. 79, p. 900, 915,
and showed the following. See also editorial p. 880.
Traffic.— Of the total tonnage (11,550,017) in the year 1903-04, coal
and coke furnished 6,434,310 tons, or 56 per cent of the whole;
products of agriculture furnished 8 per cent. Average rate received
on seaboard coal, 3*37 mills per ton per mile; on all freight, 470 mills.
1902.
1903.
1904.
Tear ending June 30
1,636
1,641
1,671
Miles operated
$2,954,919
$3,474,905
$3,648,233
Passenger earnings
12,833,806
12,510,006
14,869,188
Freight
735,653
726,691
780,105
Express, mail and mlsoel.
$16,524,373
$16,711,602
$19,297,526
Total earnings
10,822,33 5
11,499.837
Oper. expenses and taxes 13.298,040
$5,702,043
$5,211,765
Netearnings
$5,999,486
136,431
190,374
169,272
Other inoome
$5,838,474
5,402,139
Total and net Inoome. $6,168,758
$3,778,066
$4,132,534
$4,674,245
Interest on bonds, &c
1,440,814
591,012
861,366
Extraordinary expenses.
(1)605,299
(1)627,904
( 1%)605,291
Dividends
$14,303
$73,294
$57243
Balance, surplus.
Officers.— President, George W. Stevens, Richmond, Va.; ViceTreasurer, C. E. Potts,
President, Decatur Axtell, Richmond, Va
Richmond, Va Secretary. C. E. Wellford, Richmond, Va.; Compl:
;
;
troller, L. F. Sullivan, Richmond, Va.
Decatur Axtell, John P. Green,
Directors
—
S. M. Prevost, George W. Stevens
Chauncey M. Depew, William H. Newman, Samuel Rea, H. McK. Twombly
-'(V' 78, p.
2598; V. 79, p 211, 900, 915, 2147; V. 80,
p.
1423.)
Chesapeake Western Ry.— Owns North River Gap, Va., to
Bridgewater, 14 miles; upened May 1, 1902; leases for 99 years Ches-
& Western RR., Bridgewater to Elkton, 27 miles; total, 41
Projected to tidewater on Chesapeake Bay, and westerly Into
the West Virginia coal fields, of which 1 4 miles from Bridgewater to
North River Gap is completed. Controlled by Chesapeake Western
Co. V. 75, p. 1353; V. 78, p. 2383.
apeake
miles.
RAILWAY STOCKS AND BONDS.
1535
RAILWAY STOCKS AND BONDS.
1530
RAILROADS.
For explanation of column headings,
on first page of tables.
<fec,
see notes
Miles
Date
Size, or
of
of
Par
1895
1898
$1,000
1,000
1,000
1,000
Road. Bonds Value. Outstanding
& Oh io— Guaranteed Bonds— (Oon)—
Chea.
Lo.&Jeft.Bdg.lstM.,$5,000,000,gu.p.&i.,end.1T.*c
Norf. Ter. & Trans. 1st
(V. 67, p. 322) gu. p.&i.
Passenger & Belt Rv. (Lex., Ky.), 1st mort., gold
Big Sandy Ry. IstM., $5,000,000, gold
Coal Rl^er & Western 1st mortgage
OKesapeake Western—O. & W. RR. 1st M., gold..N
Ches. West Ry. mortgage, $1,435,000, gold., o*
OKestnut Hill Jill.— Stock, rental P. & R. Ry
Chic. & Alton Ry.—Com. stock, $20,000,000
Pref. stock, 4 per cent.non-onm., $20,000,000. ..
First lienM..$22,000,000.g,6Ub.call atpar.F.c&r
Ch. & Alton RR.refund'gM.,g. See text. I Co* <fcr
Coll. notes, $5,000,000, g., red. par, 1904. Me. .r
Joint equip, notes ($9,500 due seml-an.)
Miss. Rlv. Br., IstM., g.,ass'd, s.f.,dr'nat lOO.c*
Kansas City St. L. & C. pref. stook, guaranteed..
Joliet & Chic, 7 p.o. stook, perpet.,guar. by C.&A.
Louisiana & Mo., guaranteed preferred stook
Chicago Burlington Quiney— 8took,7 p.o.rental
o*
Con. M. oov'ng Ch. Ter. (now 1st M.) ext. in '03.
M
4
77
"27
41
4
58
58
58
All
j
$85i0 oo,000, our.
NB..
162
37
101
826
1,642
Sink, fund, Iowa Dlv. , 5s, (ool. tr. ) drawn at 105 .
Sink, fund mortgage 4s, drawn at 100
cfcr
o*&r
Sink, fund 4s (So. W. Dlv.) drawn at 100
Denv. exten. (coll. tr.> b'ds, s.f. dr'n at lOO.NB.o*
Debentures for Han. & St. Joseph stock
o*
901
415
Nebr'ska ext. $20,000 p. m. (s. f not dr'n) N Bo*<fcr 1,472
B.&Mo.RR.inNeb. $ L'd gr., s. f., dr. atlOO.NB £ 585
Con.M$14000000 \ Exempt, not dr'n till 1908 S
b, $(512,000, and
c, $4,620,000 canceled not includ
* $8,000,000 additional owned by railway
see be
,
.
1904
1905
1896
1901
,
1,000
50
100
100
1900 l,000&o
1899 l,OO0&c
1903
5,000
Pa., 4 miles; being double-tracked May, 1902. Re-leased In 1896 to
Reading Ry., the rental being reduced from 12 per cent to 6
Phlla.
per cent on stock, the latter being increased in June, 1902, from
$120,650 to $195,650 —(V 74, p. 936, 986; V. 75, p. 76.)
Alton Rj-.-f See Map)— Road—Chicago to St. Louis>
Chicago
Kansas City, etc., in all 915 allies, of whloh about 110 double tracked.
Miles.
Miles.
Road Owned—
Leased Line*.—
Barnettto Columbiana, III ... 52 Roodhouse, 111., to Kansas
Springfield, 111., to Grove, 111.. 54
City, Mo
251
Leaseti Lines
Bloomington to Wann, via
Chioago to East 8t. Louis, 111. 280
J aoksonville
Godfrey &
Coal City Line, Ind
25
Upper Alton (all In 111.).. ..158
Dwight, 111., to Washington
Trackage to Peoria, 111., etc... 23
&
&
—
and Laoon, 111
80
Mexico, Mo., to Cedar City, Mo 50
Total of all owned, leased and operated in system
973
The railroad company in Sept., 1904, purchased the Quiney Carroll
ton & St. Louis Ry., Barnett to C >lunabiana, 111., 52 miles, with trackage, 6 miles, included above Cut off between Mexico, Mo., and Old
Monroe, 65 miles, jointly built with Chic. Burl. & Quiney, was opened
Sept., 1904. See Bonds below.
Organization— This railway company was organized in April, 1900,
and purchased substantially all the stock of the Chicago & Alton
Railroad Company, viz., $18,322,400 of the $18,751,100 common and
$3,472,200 of the $3,479,500 preferred stock, all of which has been
deposited as security under the first lien mortgage of 1900; also the
line of the St. Louis Peoria & Northern between Springfield and Grove,
58 miles. The railroad, whose separate existence is maintained for
legal reasons, has been leased for 99 years from April, 1900. the rental
being the net earnings, after payment by the lessee of all interest on
bonds taxes and other charges, etc. See V. 70, p. 686, 995.
Stock.—Authorized, $20,000,000 each of common and 4 per cent
non-cum. preferred; issued in amounts as shown Da table above, the
unissued stock being reserved to exchange for the outstanding stock
of the railroad company not now owned.
The Rock Island Co. and the Harrlman interests in 1904 acquired
control, their stock holdings being held in a voting trust, ensuring
harmonious management. See V. 80, p. 471, and V. 78, p. 47, 342; V.
79, p. 151, 1331, 1461. 2204.
Dividends.— On prei. Jan., 1901, to Jan., 1905, lncl., 4% y'ly (J.&J.).
Bonds.—The first lien 3*28 of 1900 are secured by practically the entire capital stock of the C. <te A. Railroad, as shown above, and by a
direot first lien on Springfield to Grove, 53 miles. V. 70, p. 894, 944.
See application to list in full In V. 71, p. 1021.
The railroad mortgage securing the 3 per cents of 1899 will
provide funds for
improvements and extensions. Bonds in
excess of $40,000,000 may be issued thereunder on vote of twothirds of the stockholders for extensions of not over 500 miles'
main track, at not exceeding $20,000 per mile, to fund leased line renttal obligations and for future betterments not to exceed $5,000,000 at
not over $1,000,000 per annum from J an. 1. 1900. Stockholders in
1899-00 purchased $31,988,000 of the new 3 p. 0. bonds at the rate
of $650 cash for each $1,000 face value; V. 70, p. 739. See official
.
circular In V. 69, p. 178; also p. 26, 129, 541; V. 70, p. 429, 995.
Stockholders of Railroad Co. voted on Sept 7, 1904, to authorize the
Issue of refunding bonds in excess of the $40,000,000 then sold and
pledged, viz., $5,000,000 for betterments and $350,000 for purchase
of Quiney Carrollton & St. Louis Ry. V. 79, p 2 1 1 , 967.
Th« 4 p. c. collateral notes of the railway company ($5,000,000 authorized issue) are secured by deposit of $7,000,000 ra.lroad refunding
bonds, part of $8,000,0 JO issued to the railway for advances made for
Improvements. V. 77, p. 1746.
In Dec, 1902, made a. joint equipment trust for $475,000 with Mobile
Ohio RR. covering 500 freight oars. V. 76, p. 47.
General Finances.— Expenditures for improvements and equipment
for 3 years ending July, 1903, were $12,943,329. V. 77, p. 1226.
Latest Earn's- 8 mos., ) 1904 5.. Gross, $^,357,763; net, $2,858,197
July 1 to Feb. 28.
5 1903 4. .Gross,
7,802,985; net, 2,615 235
Annual Report.— Fiscal year now ends June 30. Report for year
1903 04 was in V. 79, p. 1458, 1700.
A
Gross earnings
Oper. expenses
915
1903.
915
$11,425,853 $10,071,092
7,524,600
6,625,196
1902.
920
$9,225,739
6,023,919
Net earnings
$3,901,253 $3,445,896
$3,201,820
Dividends (7 p. o.) on Chicago
& Alton KR. slock owned x$l,525,622 x$l, 525,622 x$l,525,622
Miscellaneous income
240,651
244,449
2,517
Total income
$5,667,526
4g.
$3,500,000
500,000
150,000
See text.
5
5
$5,215,967
$4,729,959
M & 8.
&A
N. Y., J.P.
g.
J.
&
D.
666.000
5 g. F. & A.
1,419,000
A. & O.
195,650
6
Q .— VI.
19,542,800
19,544,000 4 in 1904 J. & J.
22,000,000
3 ^ag. J. & J.
•37,338,000
3 g. A. & O.
4g.
5,<>00,000
Rentals to C.
J.
&
&
N. Y., Sec.
New
J.
J.
A.
A.
M.
F.
M.
M.
June
1,
1,
1,
1,
1945
1948
1906
1943
& Trust Co. Aug. 1, 1945
York.
Oot 1, 1951
Mar. 4, '05, li*
do
do
do
do
do
N. Y., Equit. Trust Co.
N. Y., 120 Broadway,
do
do
do
do
do
do
N. Y., Boston and Chlo.
N Y., Bk.of Com.&Bost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
O.
A.
Q.-J.
J.
Feb.
Jan.
do
J.
&
&
&
&
&
&
&
&
&
&
do
do
do
N. Y., 120 Broadway,
Q.-F.
Q.-J.
F.
Bo7id8— Prlnolpal.Wheu Due.
Stocks— Last
Dividend,
Phlla., Treas. of.
J.16& D.
A.
by
Morgan & Co. Moh.
do
do
do
F.
142,500
4
1877
246,000
6 g.
100
1,750,000
6
100
1,500,000
7
100
329,000
7
100 110,839,100
7
1873
1,000 19,699,000
4
3J«
l.OOO&c
1899
50,835,000
J
{1899 l.OOO&c 10,306,000
4
1,000 b2,388,000
5
J 1879
{1879 1,000 C7.882.000
4
1881
1,000 d4,300,000
4
1881 100 &o. e7,968,000
4
1883
1,000
9,000,000
5
1887 l.OOO&c 25,344,000
4
51878 600 &o. g8,595,000
6
6
U878 600 <fec 5,000,000
ed. d, $1,750, 000, and e, $3,235,3
low.
IT Guar anteed jolntl y and se
Chestnut Hill KK.— Owns from Germantown to Chestnut ±iill
1904.
INTEREST OR DIVIDENDS.
er When Where Payable, and
p„ n ? Payable
Whom.
(»)
500 &c
Stook authorized, $50,000,000; outstanding, $1,419,600, of which
$608,400 is preferred. Ches. & West. RR. has $533,500 common and
$32,900 pref. stook outstanding. O. W. Ry. mortgage of 1901 has
Bowling Green Trust Co. of New York as trustee. V. 73, p. 899, 1356.
Year ending June 30, 1904 (41 miles), gross, $57,665: net above taxes,
$5,230. President, Robert Mc M. Gillespie; Treas., W. H. Hall. Office,
71 Broadway, N. Y-(V. 74, p. 986; V. 78, p. 2383.)
Miles
IF
R
K
1,000
1,000
&
niinoisDiv. mortgage,
Amount
[Vol. lxxx.
J.
J.
J
O.
O.
8.
A.
N.
N.
Jan 3, '05, 2%
July 1, 1950
Oot. 1, 1949
July 1, 1907
To June 15 '12
Oot. 1. 1912
Mar.
1, '05,
H«
Apr., '05, 1%%
Feb. 1, '05, 3*9
Apr. 1/05, 1\
July 1, 1905
July 1, 1949
July
1,
Oct. 1,
Oct. 1,
Sept. 1,
Feb.
May
May
Boston, Bk. of Com'rce.
1,
1,
1,
1,
1,
1949
1919
1919
1921
1922
1913
1927
1918
1918
July
do
do
July
00 (in si nklng fund uncanceled included.
verally with Clev. Cin. Chlo. & St. L.
J.
J.
J.
J.
<&
&
)
1904.
1903.
1902.
x$3, 561,230 x$3,341,5R8 x$3,134,618
770,000
770,000
266,733
253,338
770,000
163,895
& A. RR
%
Interest on 3
per cent bonds..
Other int., discount, etc
Flood damage 1903
All charges
4 per cent preferred dividend
$4,761,858
781,760
$4,364,926
781,760
$3,904,618
781,760
$123,908
$69,281
$43,582
Surplus
lease of the Railroad, the Railway Company operates the line and
as rental puid in 19J3-04 interest, taxes and rentals; also balance of net earnings, fl.78o.206. From this last, was paid 7 per cent ($1,563,S44) by the Railroad
x Onder
Its
on Its stock. This stock is nearly all owned by the Railway company, which
therefore treats the dividends received thereon ($1,625,622) as "other Income,"
as here shown.
Officers.— Chairman of Exec Com.,E. H. Harrlman; President, 8. M.
Felton; Vioe-Pres., Wm. D. Cornish; Comptroller, William Mahl; Treas.,
F. V. S. Crosby; Secretary, Alex. Millar, 120 Broadway, N. Y.; Gen.
Mgr.,
0.
A. Goodnow.
Directors— James Stillman, E H. Harrlman 'W. B, Leeds. W. H. Moore. D. G.
Reid. Robert Mather New York; James H. Moore, 8. M. Felton, James B. Forgan, John J. Mitchell. N. B. Ream, Chicago.
(V. 79, p. 1331, 1458, 1461, 1700, 2204; V. 80, p. 471, 649.)
—
Chicago Burlington
Sc
Quiney Rll.— (See Map.)— Road.— Ope-
from Chioago westerly, reachPaul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
Omaha, Neb., Denver, Col., Cheyenne, Wyo., Blaok Hills, 8. D., and BilUngs, Mont. The accompanying map shows clearly the system, viz.:
rates a great system of roads extending
ing
St.
Miles.
Miles.
Lines east of Missouri River.4,118 Lines leased
202
Lines westof Missouri River.4,069 Narrow-gauge lines
68
Total June 30, 1904 (less duplications 83 miles)
8,378
The stockholders voted on Nov. 4, 1903, to purchase the Iowa
& St. Louis RR., Centrevllle, la., to Macon, Mo., 52 miles, and projected to extend to St. Louis and to Sioux City, la., a total of 510 miles
(V. 76, p. 653), Quinoy RR. Bridge (V. 75, p. 1030; V. 76, p. 1083) and
Burlington & Western (V. 76, p. 509), Winona Bridge (V. 77, p. 249),
and on Deo. 22, 1904, to purchase the Jacksonville & St. Louis. V. 79,
p 2451. The cut-off between Mexico and Old Monroe, Mo., 65 miles,
built jointly with Chicago & Alton, was opened Sept., 1904.
Organization, Ac. This was a consolidation in July, 1375, of the
Chicago Burlington & Quinoy in Illinois and the Burlington <fe Missouri
River in Iowa. Chioago Burlington & Northern and other subsidiary
lines in Illinois were absorbed in May, 1899. V. 68, p. 975. In
1900 purchased the remaining leased lines in Iowa and Missouri, viz.:
Kans. C. St. Jos. & Co. Bluffs, St. L. K. & N. W., Chic. Burl. & K. C,
Han, <fe. St. Jos., Keokuk & West, and Chic Ft. Mad. & Des Moines,
Burl. & Missouri, etc V. 71, p. 697, 863, 963; V. 73, p. 137, 899.
In Oct., 1904, $107,661,000 of the $110,839,100 stook had been exchanged for the joint 20-year 4 p. 0. bonds of the Gt. Northern and
Northern Pac secured by the deposit of the stock in trust, on the basis
of $200 in bonds for $100 stock. See circular, V. 72, p. 871, and application to list, V. 73, p.294. and description of bonds under Great Nor.
In June, 1902, nurchased practically all the bonds and stook of the
Jaoksonv. & St. LT. Ry., 112 miles. V. 74. p. 426, 1307; V. 75, p. 793.
For legal reasons the road Is leased to the Ohio. Burl. <& Quinoy Railway (which see below) for 99 years from Ootober, 1901, at 7 per
cent per annum on stock. V. 73, p. 842, 1011, 1061, 1207, 1312.
Capital Stock.—The stock has been increased for the acquisition
of new lines, retirement of over $15,000,000 convertible debentures,
etc; In 1880 a 20 p.o. distribution was made. See "Organization" above.
Divs.— > '81-87 '88 '89 '90 '91 '92 '93 '94 '95-'97 '98 '99 to Sep., '01
5
4 5 414 5 5 4% 4 yly. 5*« 6 yearly.
On June 15, 1901, 2 p. 0. was paid for the 4 months ending July 1,
1901, when interest on the new Great Nor. -Nor. Pac collateral trust
4 per cent bonds began; Sept., 1^ p. c; first quarterly dividend under
Percent. $8 yrly
lease,
1%
p.
c, pald'Jan.
1,
1902, divid. being paid
Q.-J.;
V. 74, p. 41,
Bonds.— For full description of each loan see the editorial artlole on
pages 3 to 6 of Supplement of Oct., 1896, and Chronicle V. 63, p. 775.
The mortgage of 1800 for $$5,000,000 secures bonds dated July 1,
1899, maturing July 1, 1949, and to bear interest at not to exoeed 5 p.o.
Suoh bonds as may be issued bearing not less than 3^ p. 0. 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 $35,000,000,
and the lien securing the bonds will become an absolute first mortgage,
oovering all lines east 01 the Mississippi River, upon the payment of $21,699,000 consolidated mortgage 4 per cent bonds due
July 1, 1905. Of the bonds, $19,706,000 is reserved to retire the consols and Chic. & Iowa div. 5s, the lemainmg $4,153,000 being availSee V. 68, p. 771; abstract,
able for improvements. V. 79, p. 2454.
V. 69, p. 283; V. 69. p. 795; V. 74. p. 1307; V. 75, p. 665; V. 78, p. 1391,
1961, 2383, 2441; V. 79, p. 211; V. 80, p. 1058.
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 120 miles of branches; they are also a first collateral lien on 420
miles of branches and 86 miles of second traok. These bonds have a
sinking fund of H3 percent ($203,800) yearly, for whioh the 4s are
subject to oall at 100, the 5s at 105. The single main line and branches
Ape., 1905.J
RAILWAY STOCKS AND BONDS.
1537
RAILWAY STOCKS AND BONDS.
1538
RAILROADS.
for explanation of column headings, &c, see notes
on
first
page of tables.
Chicago Burlington <6 Qxiincy—( Concluded)—
Burl. & Mo. RR. In Neb. s. f for At. AN.RR.stk. N
,
&
.
B
oonsol. M., now 1st M..F.0
K.C.8t.J.& Conn. BL.oon.M. (Nos. 1 to 500pf.)c*
1st Ms. Nod.and Tark.Val.RRs. s.f.(dr.atlOO).c*
Hannibal
St. Jo.,
Rep.Val.,lstM.,gu.,(dr.atlOO) s. f. $14,000 y'ly.c
Atch. &Neb., IstM., At. to Lin., Neb., etc., guar.c*
,
Llno'n&N.W.RR.lstM.
guar.,s.f.lp.o.,notdr'ii..
Chicago Civ. <t Louisv.—CR. &M.lstM.. g.OB.c"
Gen. M., $900,000, call at 110 aft. Oct., '10.
Chicago & Clnoln. 1st M., $750,000, g., call. text.
Cln. & Ind. W., 1st M., $600,000 call. text.OB.c*
Ch. Cin & L. gen. & ref. M., guar., text.* B.c*
Hoosler Equip. 1st M., ser. A, guar. p. <fe l.BB
Equipment trusts, $300,000, part due yearly..
Chic. A East. Illinois—Com. stk. ($15,000 p. m.)ltfp
Pf. st'k, $10,000,000,6 p.o.non-oum($10,000 p.m.)
Ce.O*
lstmort. (s. f. $20,000, no drawings)
Danville & Grape Creek RR.- 1st M., assumed.. c*
Extension, 1st mortgage
o*
Ce.C
Consol. mortgage (for $6,000,000), gold
trust
bonds,
sinking
fund
o*
Collateral
Gen'l oonsol. and 1st mort. $30,000,000. .Ce.o&r
Cnlo&Lnd.Coal— lstM.$25,000p.m.,ass'd.Mp.c*
Evansv. T. Haute & Chic, Income mortgage
AB
Indiana Block Coal, 1st mort., s. f., call at par..
Car trusts, lncl. Int., Dec, '04, due $10,921 m'thly
Equipment bonds, ser. B, due quarterly
Chic. <£Ene IstM., g., int. guar.tillprin.paid.Ce.c*
Income bonds for $10,000,000 5 p. c non-cum.N
Terminal 1st mortgage, gold
—
The sinking funds held
alive Jan., 1905, of the
Miles
of
Date
Size, or
Par
"Vol. lxxx.
INTEREST OF DIVIDENDS.
Amount
Rate per When Where Payable, and by
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
289
249
61
90
145
73
180
. . - •
50
33
264
of
1880
1881
1877
1880
1879
1878
1880
1900
1903
1902
1902
1903
1902
1903
.
107
7
15
127
....
772
174
49
*•»•
249
249
1877
1880
1881
1884
1887
1887
1886
1881
1878
$1,000 h$3347,000
4
J. A J.
1,000
8,000,000
M. & S,
6
100 &o.
5,000,000
7
J. & J.
1,000
314,000
J. & D.
7
600 &c kl,078,000
6
J. & J.
100 &o.
1,125,000
M. & S.
7
1,000
600,000
J. & J.
7
1,000
1,804,000
5 g. A. & O.
1,000
161,000
5 g. J. & J.
1,000
750,000
5 g. F. & A.
1,000
600.000
5 „
J. & D,
g.
1,000
2,000,000
413 g
& J.
1,000
400,000
& J.
5
1,000
240,000
& D.
5 g.
100
7,217,800 See text.
& J.
100
8,830,700 6 in 1904 Q.-J.
100 &c.
2,709,900
6
J. & D.
1,000
M. & N.
97,000
6
1,000
91,000
6
J. & D.
1,000
A.
& O.
2,788,000
6g.
1,000
42,000
g F. & A.
l.OOO&c 16,529,000
M. & N.
i
1,000
4,626,000
5
& J.
1,000
150,000
6
M. & N.
500 &o.
150,000
7
J. & J.
.
••"
1903
1890
1,000
1890 1.000&C
1888
......
1,081,029
1,299,000
12,000,000
10,000,000
300,000
bonds given above as outstanding
:
,
do
do
June
1,
1,
do
Moh. 1,
Boston, Co. '8 Office.
Jan. 1,
Bost., Old Ool. Tr. Co.
Oct. 1,
Bost.,
L.
Tr. Co. Jan. 1,
Bost., Old Col. Tr, Co.
Feb. 1,
Bos., Old Colony Tr. Co. June 1,
Bost.,
L.
Tr. Co. July 1,
Boston, Bk. of Com'roe. July
do
Am.
&
Am.
&
.
.
N.Y.,
-
Stocks— Last
Dividend.
Boston, Bk. of Com'roe Jan. 1, 1910
N. Y. Bk.of No. America. Mch. 1, 1911
Boston, 2d Nat'l Bank. Jan. 1, 1907
Bost., Bost.S Dep. &Tr.
Boston, Am. L. <fe Tr. Co.
.
Bonds— Prtnoipal.When Due.
July, 1905-12
To June, 1913
Hanover Nat. B'k Jan.
do
do
4th Nat. Bank.
N. Y.,
N. Y., Central Trust Co.
N. Y., Fourth Nat. Bank.
N. Y.. Central Trust Co.
do
do
do
do
N. Y., Met. Trust Co.
N.Y., Farm. L.
do
1930
1919
1908
1910
1950
1951
1952
1952
1953
5%
2, *05.
1, '05, li«
Deo. 1, 1907
1, 1920
Deo. 1, 1931
Oct. 1, 1934
Feb. 1, 1912
Nov. 1, 1937
Jan. 1, 1936
1, 1920
July 1, 1908
To Apr. 5, '18
Apr.
May
& Tr. Co. May
do
M. & 8.
New York.
5
New York, Erie RR.
5 g. M. & N.
Mostly owned by Erie RR.
New York, Erie RR.
5 g. J. & J.
To
1910
1982
Oot.
1982
July, 1918
Sept.,
May
1,
1,
Of g, $6,582,400; h, $2,000,000; k, $478,200.
History, Leases, &c—In August, 1902, the St. L. & San Fran.
aoquired the greater part of the stook, as said below. The road will
form part of a through line to New Orleans, expected to be opened in
1904.
The Chioago & East 111. owns $1,000,000 stook of Chic & Western
Indiana. Special lease of Chioago freight terminals, V. 78, p. 819.
In 1902 the traffio contract made In 1890 with the Evansville &
Terre Haute for the operation of a through line between Chioago and
Evansville was still in force. (V. 55, p. 995.)
In 1902 the Southern HI. A Missouri Bridge Co. (whloh see) let contracts for a bridge across the Mississippi River, forming with St. Louis
Southwestern a direct line to Texas points. V. 71, p. 1219; V. 74, p. 936.
Stock.— In addition to the amounts outstanding in table, $5,230,600
common and $161,300 pref. were in treasury In Jan., 1905.
In Aug., 1902, the St. Louis & San Francisco RR. gave In exchange
sold. V. 78, p. 1391, 1961.
for the oommon and preferred stook Its stock trust certificates at the
Annual Report.— Fiscal year ends June 30. Report for 1903-04 was rate
of $100 thereof for each $100 share. V. 75, p. 289. In January,
In V. 79, p. 1950, 1964 (see also editorial, p. 2057), showing oper1905. all of the $7,217,800 oommon and $6,211,700 of the $8,830,ations, including results of the C. B. & N., etc
700 preferred had been exchanged on this basis. The St. Louts <fe
1903-04.
1902-03.
1901-02.
San Fran, has the option to retire the trust certificates at any time at
Miles operated June 30
8,324
8,378
8,124
$250 per $100 oommon stook trust certificate and $150 per $100
Freight
$44,651,997 $42,782,406 $36,072,079 pref. stock trust certificate, payable in gold, and obligates itself to
14,494,573
Passenger
14,136,281
12,857,267 pay off the entire issue in 40 years from date at the same rates meanMall and miscellaneous
6,081,622
5.719,692
4,865,8 99 while obligating itself to pay 10 p. 0. dividends on the oommon and 6
$65,228,192 $02,638,379 $53,795,245 per centum on the preferred trust certificates, respectively, these
Gross earnings
44,578,943
Expenses and taxes
40,542,473
35,682,875 amounts being equivalent to 4 per oent on the principal sum to be
eventually received in payment therefor. Upon failure to pay any
Net.
$20,649,249 $22,0i*5,906 $18,112,370 dividend
within 30 days after demand therefor, any holder may surDtb.so4,r/6
Other income
346,540
340,805 render the certificates
to the trustee and receive the shares represented
Total income
.$20,445,133 $22,442,446 $18,453,175 thereby. See also V. 75, p. 289, 393, 1031.
Int., rent, etc
7,630,216
9,116,338
8,370,064
Dividends—
) '91. '92-'7. '98. '99. '00. '01. '02.' 03. 1904. 1905.
Balance
$12,814,917 $13,326,108 $10,083,111 On pref., p.c.
> 4*3 6 yrly 6
6
6 6 6
6
6ToApr.,3
Hit. on Nor. Pac -Great Nor.
Common, p. c
2^319 4=3 5^ 6
6 Below. Jan., 5
>
joint bonds
8,608,082
8,606,752
8,606,120
In 1904, on common, Jan., 3 p. c; July, 5 p. 0. V. 78, p. 2383.
Div. on C. B. & Q. stock held by
Bonds.—Tne general consol. and 1st mortgage of 1887 (trustee. Cenpublic, 7 p.
226,667
227,818
213,602 tral Trust Co.) provides forthe retirement of
$6,042,000 prior bonds and
Surplus
$3,980,168
$4,491,538
$1,263,389 for issue of bonds on new road at $18,000 per mile for single track
Directors.— Geo. B. Harris (President), Chicago. 111.; Charles B Perkins of also for bonds for equipment at $7,000 per mile and for double traok at
BurltngtoD, la.; J. J. Hill, St. Paul, Minn.; W. P. dough, Robert Bacon, E. H.
$8,000 per mile. In 1897 the total Issue of gen. oonsol. bonas was
Harriman, Jacob H. Schiff, George J. Gould, H. McK. Twombly, Norman B. limited to
$30,000,000 and bonds were reserved for Chioago A
Ream and Edward T. Nichols of New York.
—(V. 79, p. 1950, 1964, 2454, 2587, 2696; V. 80, p. 471, 599, 1058.) Indiana Coal firsts. See V. 64, p. 1088; V. 78, p. 1446; V. 79, p.
1331. Series B equipment bonds mature $57,000 each June and Dec
Chicago Burlington
Qulnc y Railway.—Leases the Chic and $56,000 each March and Sept.
Burl. & Q. Railroad system for 99 years from October, 1901, at 7
General Finances.—This oompany owns most of the capital stook
per cent on its stock. Incorporated in Iowa on Oot. 16, 1901.— V. 73,
of the Brazil Block Coal Co., and oarries all its coal. It carries also
p. 842, 1 207. See C. B. & Q. Railroad above and Northern Securities
Item, V. 73, p. 1357. Stook authorized. $100,000,000; in July, 1903, the coal of the Danville, Clinton and Williamson county fields.
Earnings.— For 5 mos. ending Nov. 30, 1904, gross, $3,553,118;
not yet issued. The joint income account of the Railway and Railroad
for year ending June 30, 1904, shows surplus over 7 p. 0. dividends net, $1,396,666; charges, $859,460; bal., sur., $537,206.
Railroad
on
stock of $3,980,168, or about 4 p. 0. on the Railway stock.
Annual Report.—The annual report for 1903-04 was in V. 79,
Directors.—George R. Harris, President; Charles E.Perkins, Johns. Kennedy,
James J. Hill, W. P. Clough, George W. Perkins, E. H. Harriman, M. L. Schiff, p. 1951. Rate per ton per mile was 0-468 ota. In 1903-04.
W. H. Mclntyre, James Stillman and Darius Miller— (V. 73, p. 842, 8H9, 1312.)
Tear end. June30.
1904
1903.
1902.
1901.
Miles operat. June 30
758
751
738
727
Cblcago Cincinnati
Louisville
(See Maps, pages
1554, 1555.)-Ov/na Cincinnati to Hammond. Ind. '(near Chioago), Gross earnings. ...... $8,664,042 $7,723,848 $6,277,494 $5,659,446
4,552,089
3,699,732
3,471,294
264 miles. A consolidation June 4, 1903. V. 76, p. 1247. The Pere Oper. exp. & taxes... 6,691,933
Marquette in June, 1904, acquired the $4,206,000 stock, which Is
Net earnings
$2,972,109 $3,171,759 $2,577,762 $2,188,152
deposited as security for its collateral trust bonds, guaranteed by the
Net(inol.oth.inoome).$3,327,651 $3,544,558 $2,826,909 $2,407,215
Cin. Ham. & Dayton, the latter leasing the portion within the State of
Interest paid
1,356,778
1,282,323
1,245,889
1,201,671
Ohio. V. 78, p. 2598, V. 79. p. 211, 2696.
Rentals
225,655
157,523
132,138
137,578
Stook outstanding, $4,206,000; par of shares, $100.
The Cln, Richmond & Muncie 1st 5s, Chioago & Cincinnati, and Cin. Div. on pref. stock. . (6) 409,842 (6)409,842 (6)409,842 (6)379,842
Div. on com. stock.... (8)577,424 (6)433,068 (6) 431,868 (5^)370,879
&. Did. West. Issues are all subject to call at 110 after 10 years from
Const'n,depreo*n,etc
400,121
317,245
920,646
607,172
their Issue, the Cm. Rich. & Muncie after Oct., 1910. See official statement, V. 71, p. 1066; V. 74, p. 1195. The gen. and ref. 4«tsof 1903
Balance
None.
None.
$357,831
$341,155
(American Loan &Tiust Co. of Boston and Union Trust Co. of Indianapolis, trustees,) are unconditionally guaranteed as to interest by the
Officers.— President, A. J. Davidson, St. Louis; 1st Vioe-Pres., RobPere Marquette and Ciooln. Ham. & Dayton until July 1,1914; suf- ert Mather, New York; Secretary,
J. S. Ford. N. Y. offiee, 71 Broadficient are reserved to retire all prior issues, including equipment
(V. 77, p.2338; V. 78, p. 342, 819, 1446, 1496, 2383; V. 79, p.
mortgages; balanoe for extensions, improvements, etc V. 77. n. way.—
2642;
V. 80, p. 162.)
1331, 1951,
349, 1532; V. 80, p. 649.-(V. 80, p. 649.)
Erie
Chicago
(See Map Erie RR.)— Owns from Marlon, O.,
Chicago
Eastern Illinois
Operates road (double track
to Hammond, Ind., 249 miles, and leases trackage over Chioago &
to Danville Jot., 106 miles) from Chicago, 111., to Terre Haute, Ind.,
to
Chioago,
20 m. Erie RR Co. owns entire $100,000 stook.
West. Ind.
and bituminous coal fields; also to Thebes and Joppa, 111.
An extension from the main line at Findley to Pana, 111., on the CI.
Bonds.—The first mortgage (trustees Central Trust Co. and Edward
Cin. Chic A 8. L., 20 miles, was operated from Aug., 1904, afford- Daniels) covers 249 miles of road, the oontraot with the Chioago &
ing with trackage over the Big Four a through line for the 'Frisco to Western Indiana, $1,000,000 of that company's stook and $240,000
Chioago. V. 75, p. 1087. Extension from point in Vermilion Co. to stock of Chicago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.
Villa Grove, 62 miles, was completed in 1904.
Chicago Ac Grand Trunk Ry.— See Grand Trunk Western By.
Lines owned in fee.
Miles,
Findlay, HI., to Pana
20
Dolton to Danville, El
Great Western Ry.— (See Map.)— History.—The Chi107 Branches to Coal Mines
Chicago
15
Danville, 111., to Brazil, Ind.... 61 Rossvllle Jet. to Judyville, Ind. 14 cago St. Paui & Kansas City was organized in May, 1886, and In DeMomenoe Jc,Ill.,to Brazil, Ind.130 Hunt's Extension
7 cember, 1887, merged with Minnesota & Northwestern. In August,
Danville Jc, 111., to Thebes, 111.277
1892, reorganized per plan, Vol. 55, p. 856.
Trackage, etc.
Joppa Jet. to Joppa, 111
16 Chicago to Dolton, Ch.&W.Ind. 17
On Sept. 7, 1893, the Great Western acquired by deed the title of tha
Clssna Jc. toCissna Park, HI.. 11 Otter Creek June to Terre H .
6 Chioago St. Paul & Kansas City Ry. (81567 miles). Hi June, 1902,
Bossville Jo. to Sidell Jc, HI.. 34
the old mortgages were satisfied of record; V. 74, p. 726. As to 7-year
Percy Jot. to La Crosse, Ind. . 46
Total operated Dec, 1904... .840 contracts made in 1902 with packing companies, see V. 75, p. 341.
MllfordJc.HL.to Freeland.Ind 11 Double traok
tzg
Road.—Operates the "Maple Leaf route, radiating from Oelweln
Coal Blufl, Ind., to Casey, Ind. 7 Side tracks
yso la., northerly to St. Paul easterly to Chioago and southerly and westWoodland, HI., to Villa Grove. 62
erly to Kansas Citv and Omaha, embracing
oovered "shall not exceed In the aggregate 900 miles," at $16,000
per mile on seoond track (of which June 30, 1904, there were 86
miles) may be issued an additional $14,000 per mile. V. 65, p. 462.
Denver Ext. bonds can be Inoreased only for 2nd traok at $10,000 p.
The collateral trust Nebraska extension bonds of 1887 are issued at
$20,000 per mile for single and $10,000 per mile for second traok on
not exceeding 1,500 miles. Abstract of deed V. 45, p. 441.
Burlington cC Missouri BR. in Nebraskaconsol. mortgage of 1878 Is for
$14,000,000, and is now a 1st M. or 1st collateral lien; all except the
exempt bonds are subject to call for the sinking fund at par; $171,400
retired in 1903. The " exempt" bonds may be called after 1908.
General Finances.—Corn being one of the principal artloles carried
the earnings vary greatly according to the size of the orop.
In Apr., 1904, $15,492,000 111. Div. 3^ and 4 per cent bonds were
;
m
. .
&
&
BR.—
&
RR.—
.
&
RR.—
'
,
RAILWAY STOCKS AND BONDS.
Aru., 19051]
1539
MAP OF THE
I
CHICAGO GREAT WESTERN
RAILWAY.
.Duluth
^Detroit Cy.
\o*
\
,,Je^
JWadena
Jc.
>
/*7Brainei^p|^«
*7
oyalton
Jfr
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~
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&^p>
^Cambridge j>HaT5a S
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1
ji Chicago J$ '/
V\
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BLCIoud^Sr
Stambaugh
5 Butternut'
a*/
^.Di^ifn
ft „ I
City
^Pifie
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Gordon
-a..lLake Sideji
31inckleyV
Alexandria
V*// ^"-^iih
/
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"^^•^^/"^V
TSvansvflle
Falls
^
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Middle
Kiver
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Pillager
little
Asliland June:
v
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iraylor
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~
RAILWAY STOCKS AND BONDS
1540
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
Tor explanation of column headings, &c, see notes of
Road. Bonds Value. Outstanding
on first page of tables.
Chicago
&
Or.
Bonds— Princi
INTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks— Last
—
—
Chicago GreatS Western— (Concluded)—
757 miles)— Miles
402
Chicago to 8t. Paul
239
Oelwein to St. Joseoh
83
BeeCreekto Beverly
23
Samner to Waverly*
(total,
DeKalb,
Cedar
branches
Falls,
etc.,
Operated under agreement—
Mile$<
Mason City * Fort Dodge. 385
miles, viz.:
la., to Council Bluffs..
Hayfleld, Minn., to Clarion, la
Branches to Lehigh and Coal-
Oelwelu,
ville, Iowa
Trackage rights Council Blufls
10
to South Omaha
10 Wis. Minn. & Pac. RR., 271 miles:
21
trackage. Ac. (total, 83 miles)—
St. Paul to Minneapolis
Chicago Terminals
Mankatoto Red Wing
11
Dubuque to Aiken
Red Wing to Osage
3
DesMotnes Terminals
87
WiDonato Simpson
Beverly to Kansas Citv
Branch to Clay Banke
St. Joseph to Bee Creek
Grand total owned, teased and operated under contract
• Deduct Sumner to Waverly, la., leased Jan. 1, 1901, to Waterloo
R.T. By
1,
1901,
and
since)....
18
7
96
113
51
8
l,li*6
&
C. F.
;
Total operated (Jan.
260
100
28
ively, 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 stooks. For rights of
each stock see editorial in Supp. for Oct., 1897; see also V. 71, p. 441.
In 1898 the authorized issue of 4 p. o. debenture stook was increased from $15,000,000 to $30,000,000 for future refunding and Improvements. See Finances below. V. 66, p. 133, 663, 1088.
In Nov., 1902, $6,500,000 common stock was issued to purohase part
of stock of the Mason City & Ft. Dodge .KB. and part of stock of
Wis. Minn.
Pacific RR., 271 miles. V. 75, p. 1201.
Stockholders
voted Feb. 18, 1903, to increase common stock from $30,000,000 to
$50,000,000, $12,800,000 being exchanged for additional stock of
Of the Mason City ft Fort Dodge, raising the amount outstanding to
$42,724,600. V. 75, p. 1201, 1253; V. 78, p. 1548; V. 80, p. 649.
The gold notes are a direct obligation ahead of the debenture stock.
No lien oan be placed on the property without providing for their
payment. V. 79, p. 902. Equipment lease warrants Aug. 31, 1904,
$469,260.
LHVTDENDS.— On pref "A" paid Jan.,1899, 2p.c; in July, 1899 2 p. c.i
111 1900 to Feb., 1904, 5 p. c. yearly; none since to Apr. 29, 1905.
Finances.— On March 17, 1902. $3,437,000 additional debenture
stock was authorized; also two branches (91 miles) sold to the Mason
Fort Dodge RR.; V. 74, p. 726; V. 75, p. 559, 665. In 1903-4
City
$4,000,000 five-year 5 p. o. notes were issued. V. 76, p. 809; V. 78, p.
1219; V. 79, p. 626.
Both the Mason City & Fort Dodge RR. and the Wisconsin Minnesota
& Paoifio RR. are operated for 100 years under agreements dated
Apr. 1, 1901, the Chio. Gt. West, receiving their entire net earnings
above interest on bonds and ownins- their entire stinks. By later
agreement the Mason City & Ft. Dodge receives 60 per cent on business, interchanged, any surplus above interest to be held for payment
of f ature coupons. See separate statement for each oo. V. 73, p. 566,
722; V. 74, p. 93; V. 75, p. 1201.
In Apr., 1905, $12,000,000 Mason City & Ft. Dodge 4 p. c. bonds
were sold. See that company and V. 80, p. 1363.
Earnings.— 8 months, > 1904-5.... Gross, $5,090,492; net, $1,484,884
July 1 to Deo. 28.
5,657,771; net, 1,465,974
J 1903-4.... Gross,
Earnings since Jan. 1. 1904, are based on 818 miles of road proper only, the
net earnings of the proprietary lines over bond Interest being included In
the results.
Semi-annual report in V. 80, p. 1359, showed: For 6 mos. ending
Dec. 31, 1904, net, $1,300,712. against $1,281,081 in 1903; charges,
$1,030,275; bal., sur., $270,437.
Report.— Report for 1903-04, V. 79, p. 1326, 1343; editorial, p.12991904.
1903.
1902.
1901.
Average miles
874
929
&
.
&
Year ending June 30.
Gross earnings,
$27,577,000
4g.
11,372,400 See text.
9,489,190
None)
42,724,645
paid. 5
280,363
g
3,342,545
i
1,572,757
5
2,499,697
5g.
-
500.000
5g.
6
0)
g.
10,500,000 2^ in '04
5,000,000 4 in 1904
3,000,000
6
2,300,000
f g
4,742,000
i g
4,700,000
2 g
118,000
g
£
In treasury.
5 g.
-
-
-
1,800,000
4g.
2.500,000
6 g
58,183,900 7 in 1904
48,783,400
7
991,000
7
891,000
7
4,000,000
6
7,432,000
6
2,840,000
5
6,670.000
5&7
J.
&
London or New York. Jan.l5,'0V2%
J.
8emi-an London or
Semi-an
do
New York.
Semi-an London or
8emi-an
do
Semi-an
do
F. & A.
do
New York,
$
8,022,674 7,823,191 7,549,689 7,013,861
1,902,632 2,184,662 2,060,230 1,978,346
Rentals (incl. equipment).
431,368 408,144
390,815
440,604
Interest paid
283,625 174,585
147,999
188,973
Int.ln cash on 4% deb. stk. 1,044,976 1,025,693
925,207
780,610
Div. on pref.stock "A". .(213)284,310(5)568,620 (5)568,620 (5)568,620
Miscellaneous
6,568
8,645
Q ef.l41,647 sur.7,620 sur. 21,021 def.9,106
Balance
Officers.—President, A. B. Stiokney; Vloe-Pres., A. Oppenheim;
Secretary, R. O. Wight; Treasurer, R. O. Barnard; all of St. Paul.
Directors—A. B. Stlcknev, A. Oppenheim. S. C. Stickney, F. Weyerhaeuser, J.
W. Lnsk, H. B. Fletcher, T. II. Wheeler. M. D. Flower, R. C. Wight. New fork
office. 31 Nassau St.— (V. 79, p. 1955; V. 80, p. 116,849, 1359, 1362).
Chicago Indiana 6c Eastern Ry.—Owns Converse, Ind., to
Muncie, 43 miles. In 8ept., 1904, G. W. Bartlett of Munoie, Ind. was
appointed receiver, the floating debt beintr over $150,000. V. 79, p.
1022, 1265. on Oct. 29, 1904, $30,000 receiver's certificates, due in
six months, were authorized. V. 79, p. 2084.
Feb.29,'04, 2i«
do
do
do
do
1906
ft
1907
Various, 1908
Various, 1909
Aug.
1,
1909
& N. N. Y., N. Y. Sec. & Tr. May 1, 1942
& D. Met.Tr.& Sav.Bk., Ohio Jan. 1, 1909
& D. N. Y., J. P. Morgan&Co Deo. 28,'04,li4
D.
do
do
Dec. 28/04,2%
& J.
do
do
July 1, 1910
& A.
do
do
Aug. 1, 1911
& J.
do
do
July 1, 1947
& J.
do
do
July 1, 1947
& N. Am, Tr. & 8av.Bk.,Chio May 1, 1920
& S.
New York.
Sept. 1, 1948
& S.
Mar. 1, 1945
& J N. Y., Cent'l Trust Co. Jan. 1, 1927
& o. N.Y.Oflioe,30 Broad St. Apr.24,'05,3>«
& o.
do
Apr.24,-05,3i«
do
& J.
do
do
July 1, 1905
& J.
do
do
July 1, 1908
do
& J.
do
July 1, 1909
& J.
do
do
Jan. 1, 1910
& J
do
do
July 1, 1910
do
& J
do
Jan. 1. 1910
•ft
Capital stock authorized, $1,000,000. Of the 1st 5s of 1902
($1,000,000 authorized) $500,000 are reserved for future requirements. In Dec, 1903, filed a mortgage for $1 00,000 to the Metropolitan
Trust & Savings Bank Co. of Chicago. In year ending June 30, 1903,
gross earnings, $125,029; net earniugs, $39,230; total deductions, $32,024; bal., sur., $7,206. Pres., H. E. Drew, Matthews, Ind.; Vice-Pres.,
Clarence A. Knight, Chicago, 111.- (V. 79, p. 1022, 1265, 2084.
Chicago Indianapolis 6c Louisville Ky.— (See Map,)— Own"Monon Route" from Chicago, LU., viaMonon, Ind., to Indian-
ates the
apolis, Ind., and Louisville, Ky., with branches. The system inoludes
Jjtnes ownea
Miles.
Oper. under contract—
Miles.
Indiana State Line to Indianap .162 Chicago to Ind. State Line
20
New Albany to Michigan City .289
Albany to Louisville
6
Bedford to Switz City
40 Connection in Indianapolis.... 2
—
New
Orleans to Fr. Lick Springs
18
1,474
Securities.—The holders of debenture and pre/erred A stook appoint the finance committee, which exeroises 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 stook 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 olasses in oase of liquidation will have prinoipal paid in gold, according to their priority right to dividends. At extraordinary general
meetings of holders of debenture stock and preferred A stock collect-
Net income
Dividend.
Trunk—See Gr. Trunk West. Ry.
$100
Deb. stock, cum., gold, $30,000,000, gold
100
Preferred stook A, $15,000,000, 5 per cent, gold.
100
Pref. stook B, 4 per cent $10,000,000
100
Common stock, $50,000,000
1899 Various
Sterling 5-year notes 5s (no mortgage)
1903 Various
Sterling 5-year notes (no mortgage) red. at 101..
1904 Various
Goldnotee, red at 101
1904
cfer
5,000
Goui notes, $2,500,000 auth., red. at 101
OMc. Hammond <6 Wesfn—See Chic. Junction Ry
Chicago <t Indiana Coal— See Chic. & Eastern II LINOIS
43 1902
1,000
Chic. Jnd. <t E<wt.— 1st M„ g., red. 115 (text).N.c*
1903
500
Improvement mort., $100,000, g., red. at 103...
100
Chicago Indianap. & Louisville Com. stock...
100
Preferred, 4 per cent, non-cum., $5,000,000
289 1880
1,000
L.N.A.&C., 1st Main Line.— N. A. to Mich. City..o*
162 1881
1,000
1st M., Chio. & Ind. Div., Chic, to Ind., gold..o*
509 1897
1,000
C. I. & L. refunding mort., $10,300,000, gold..Ce
509 1897
1,000
gold 6s, issued for old consols
Do
1900
1,000
Con.8toneCo.lstM.,$250,000,g.,gu.,p.&I.red.text
1,000
Indiana Stone RR. 1st M., guar
ClN. Chic. & ST. L.
Chic. Ind. <t St LouU Short LU.e- See Cleveland
c*
1905
Chic. June. HR—lBt M.. $2,258,000 g.,red. 105.
:
Chic. Junction Ry.— Chio. Ham. & W. 1st M., g.o'&r 27 48 1897 500, Ac.
100
Chi. Milvo. <£ St. Pawl— Common stock (Hee text)
100
Preferred stook7 per cent yearly, not cumulative.
1,000
F.o* 1,435 1875
Consol. mort., conv. into pref. stook
1878
1,000
F.o* 335
I. <fe D. Ext. 1st M.. convert, into pref
212 1879
1,000
8. W. Div. 1st mortgage Western Union RR. .o*
419
1880
1,000
F.o*
So. Minnesota Div. 1st mortgage
1,000
F.o* 133 1880
Mineral Point Division 1st mortgage
1,000
Hast.&Dak.Div.,ext.,lst M. ($990 000 5s).F.c* 395 1880
owned
Whom.
Payable
Cent.
Chicago Great Western—
Irtne*
[Vol. lxxx.
ClearGreektoHarrodsb'g.Ind. 9
Switz City to west of Linton. . . 10
Gosport Jc. to Switz City, Ind.
35
.591
(coal only)
Total of
all
A lease for 999 years with Chicago & Western Indiana (of whose stook
owns $1,000,000) gives entrance to Chioago on a mileage basis.
Owns one-third int. in Kentucky & Indiana Bridge at Louisville, Ky.
History.—Snocessor July 1, 1897, of Louisville New Albany 4 Chi-
this co.
oago.foreolosed per plan in V.63,
In Aug., 1902, the Louisville
922. Suit settled. V. 75, p. 1031.
Nashville and Southern Ky. aoquired93p. c. of $10,500,000 common and 77 p. o. of $5,000,000 preferred stock, on the basis of $78 and $90 per $100 share, respectively,
in their joint 50-year 4 percent collateral trust gold bonds at par, secured by the stock acquired, six-tenths of the purchase price being
payable optionally in cash. See description of bonds under Louisville
& Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
Dividends.— On pref.. 1899, 1 p. c; Oct., 1900, to Dec, 1904. both
Inclusive, 4 p. o. per annum. On common, 1902, 1 p. c, 1903, 3% p. c;
1904, June, 1^ p. c; Dec, 1H p. c.
Bonds.— Refunding mortgage covers road, equipment, etc (including
$1,000,000 stook of Ch. & W. Ind and $240,000 stock of the Belt
Ry. of Chioago)
total authorized issue Is $15,000,000, of whioh
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be issued only for betterments and equipment, not to exceed $300,000 in any one year, $2,091,000, of the latter of whioh $1,833,000 had
been issued to January, 1905. Of the Consolidated Stone bonds
($250,000 authorized issue) $25,000 are subject to call yearly, Jan.,
1903 to 1906, inclusive, and the balanoe Jan. 1, 1907. V. 73, p. 41.
Finances.—See statement to N. Y. Stook Exohange in July, 1897,
V. 65, p. 194, and "History" above.
Gross, $3,645,«11; net, $1,303,386
Earnings.— 8 mos., 1 1904-5
July 1 to Feb. 28. $1903-4.. ..Gross, 3,545,232; net, 1,300,996
Annual Report.—In V. 79, p. 1328, showed
1902-03.
1900-01.
1901-02.
Tear end. June 30— 1903 04.
Gross earnings
$5,300,623 $5,066,131 $4,581,158 $4,150,470
1,496,928
1,949,773
1,728,024
1,884,454
Net earnings
155,751
129,448
135,776
257,031
Div. etc. received
&
p.
;
Total net income. $2,141,485 $2,105,524
Interest on bonds
Rentals, etc
$772,100
250,023
$772,100
224,193
$1,857,472 $1,632,704
$771,294
$772,100
199,197
208,636
$971,297 $979,930
$996,293
Total
$1,022,123
$886,175
$652,774
Surplus for dividends.$l, 119,362 $1,109,231
200,000
200,000
200,000
200,000
Div. on pref. 4 p.c...
Div. on oommon ... (2^)262,500 (2^)262,500 (1)105,000
Officers.— President and General Manager, W. H. McDoel, Chicago;
Vice Pres., Morton F. Plant, New YoiK; Treas., W. H. Lewis, 198 Custom House jjPlaoe, Chioago; Sec ,'J. A. Hilton, 80 Broadway, N. Y.
Directors— J. H. Kmanuel, A. H. GlPard, A. T. Frencb. Chas. Steele, R. M.
Gallaway, Temple Bowdoin, Morton F. Plaut, New York; W. H. MoDoel, Q. B.
Shaw, H. A. Hickman, Chicago; J. Murdock, Lafayette, Ind.— (V. 77, p. 694,
78. p. 268; V. 79. p. 1265, 13iS; V. 80, p. 162. 221.)
Chic. Indlan.dc St. Louis Short Line Ry.— (V. 79, p. 785.)
Cblcago Junction RR.—To be an elevated road, double-tracked,
extending from junction with South Side Elevated RR. at 40th St. to
the Stock Yards. Leased to South Side Elev. for 50 years (with light
to purchase at cost within 20 years) at a rental covering bond interest and all expenses. Capital stock, nominal. Bonds are guaranteed,
prin. and int. by Chicago Junction Railways & Union Stook Yards
Co.; they are subject to call at 105 after 1910.— (V. 80, p. 871.)
Chicago Junction Railway.—Owns and operates a belt line
around Chicago from Whiting, Ind., to Franklin Park, 111., from Chappell.Ill., to U. S. Yards, and in the Union 8took Yards distriot oonnects
with industries and all diverging roads. Mileage operated (first traok
only), 74*93 m., of wnichChic Juno. Ry. owns 27 48, the balanoe being
operated under lease, trackage rights and other agreements; total mile
age, including seoond traok, yard traok and sidings, 271 '38 miles.
Stock.— The entire capital stook, $2,200,000, is owned by the Chioago
Union Stooks Yards Oo. See Industrial Cos.
Junction Rys.
Bonds.— First mortgage of C. H. & W. for $2,500,000 (trustee, K.
Francis Hyde, N. Y.) assumed. V. 64, p. 287.
Earnings.— For year ending Deo. 31, 1904, gross, $2,255,551 net,
704; V.
,
-
<fe
;
charges, $166,282; dividends
other income, $57,890;
(6 p. c), $132,000; surplus„$52,949.— (V. 78, p. 583; V. 80, p. 649, 711.)
$293,342;
"
RAILWAY STOCKS AND BONDS
Apr., 1905.]
1541
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INDIANAPOLIS
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Ni\Tin ert1
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J
RAILWAY STOCKS AND BONDS.
1542
[Vol. lxxx.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds— PrinciRAILROADS.
INTEREST OR DIVIDENDS.
Miles
Amount
of
Par Outstanding Rate
For explanation of column headings, &c, see notes of
When Where Payable, and by
Road. Bonds. Value.
Whom.
on first page of tables.
Per oent. Payable
Chicago Milwaukee
&
St.
Paul-(GoncVd)—
Lacrosse & Dav. Div. 1st mortgage
F.o* 185
Wlsc.Val.RR.Co. IstM., Toman to Merrill, Wis.o 107
Wis. Val. Div. 1st M. s. f., not dr*n
NB.o' 161
Dub. Div. 1st M., s. f., not dr'n
NB.o* 351
120
Chic. & Pao. Div. 1st M. (Ch. to Kittredge).F.o*
do West'n Div. 1st mort., (see text) gold.F.o* 1,117
Chic. & Lake Superior Div. 1st mort., gold.F.o''
68
230
Wis. & Minn. Div. 1st mortgage, gold.F
119
Fargo <fe Southern 1st mort., gold, assumed
....
Ch. Mil. & St. P. Terminal mortgage, gold.. .F.o*
Dakota & Great Southern 1st mortgage, gold..F 159
77
Chio & Missouri River Div. 1st mortgage
F.o"
Gen.
(for $150,000,000), gold Ser. A..Us.o*<fer 5,722
do
do
"B'^^B
o* 5,722
Mllw. & North'n 1st mort., Sohwarz.to Gr. Bay..o* 126
.
M
362
Chic. Jt N. West.—Com. stk., $77,601,045 auth.Tr 4,273
Preferred stook (not cumulative) see text
Tr 4,273
788
Ch. & N. W. con. s.f. M. ($12,900,000), not dr.F.C
Cedar Rapids & Missouri Riv.— 1st mort. 3d Div. 150
122
M. of 1884, Ced. Rapids to Des Moines River.
Madison ext. 1st M., g. (s.f. $23,000,not (ir'n).F 129
Menominee ext. 1st M., g. (s. f. $20,000, not driF 114
Northw. Union lstM.,g.,Mil.toFond-du-Lac.F
& St Peter isu muix. (now 1st) assumed..
1st mort. ext., gold, land grant, 8. f., ass'd.c.F*
Plain view RR. and Minn. Val. 1st mortgages
Rooh. &No. Minn. 1st mort., guar, (assumed)
Dak. C. 1st M., gu. (Watert'n to Redfield, S. D.)F
Winona
Dak.C.lst
Mon So'eastDiv.(to Hawarden) gu.Un
a Diol'g July,
H
Coupon
1879
1879
1880
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1889
1880
1884
....
....
$1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1865
1,000
1866 500 &0.
1884
1871 500 &o.
1871 500 &o.
62 1872 500 &0.
139 1867
1,000
184 1871 100 &C
1878
mmmm
Illan
24 1878
»««
71 1882
125 1882
000 of 4slnt reas. an
1904, $4,109,000 of 3^s and $159,
Interest J&J; registered Q-J.
$ $1.08 9,000
&
&
&
Road.
Road.
Miles.
& 3rd tracks
385
Trackage (includ. 2d track)... 289
Histobt, &o.—The Milwaukee & St. Paul RR. Co. was organized May
6. 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 Mar., 1903, the Wisconsin Western
R. R., La Farge to Wauzeka, Wis., 51 miles, was acquired. V. 76, p.541.
Branch from Davis Jet., 111., to MoNabb. 77 miles, of which 40 miles
is trackage, was opened May 1, 1904. The White River Valley RR.
with $50,000,000 authorized stook, authorized to build from Chamberlain, 8. Dak., the present western terminus of the St. Paul, to the
western boundary of Dakota, 200 miles, etc., was commonly believed
to be an ally. V. 80, p. 1110.
Capital Stock.—The preferred stock has a prior right over the
common stook to a dividend of not over 7 per oent from net earnings in
each year, but if not earned it has no cumulative right. After payment
of 7 per oent on preferred and 7 on common, both classes share prorata.
The stockholders voted on Oct. 4, 1902, to increase the
authorized common stock from $58,183,900 to $83,183,900. See
Miles.
2nd
V. 75, p. 793. 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 $9,000,000 having been
Issued for other purposes (improvements, etc.). In July, 1904,
$2,291,000 prior lien bonds were exchangeable.
Drvs. since '91.) '92. '93. '94. '95. '96. '97 to '00. '01. '02. '03. '04. '05',
On common. £ 2 4 4 2 4 5 yearly 6 7 7 7 Ap.,3Jfl
On preferred 3 7 7 7 7 7 7 yearly 7 7 7 7 Ap.,3i 2
Bonds.—Abstracts of some of the older mortgages were published in the Chronicle, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830.
The following bonds are convertible into preferred stock at any time
within ten days after a dividend shall have been declared and beoome
payable on the preferred Iowa & Dakota Extension 7s and Chicago
Milwaukee <fe St. Paul consols of 1875. The convertible bonds were
fully described in Supplement for March, 1893, p. 2.
Chicago <* Pacific Western Division, see Supplement of Jan. 1901.
Terminal five per cent bonds of 1884 cover terminal property
of several 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 Hen bonds cannot be extended, but will be paid off at maturity.
On June 30, 1904, the following amounts of general mortgage bonds
had been issued or were reserved for the purpose indicated, viz :—
Amount in the hands of the publio
$30,341,000
In treasury of the company (unsold) see below
4,268,000
Total reported by the company as outstanding
$34,609,000
Reserved for prior liens
$87,442,500
Available or eventually to become available for lm- }
provements, there being included in this amount the
on qaq nnn
"'7,948,500
bonds originally reserved for prior liens, whioh nave f
since been oonvertcd into pref. and common stock
J
Total authorized
$150,000,000
General ktnances, <bc— Capitalization per mile of road June 30
1904: Stook, $15,429; bonds. $17,824; interest oharge, $904.
In Oct., 1902, made a tratllo agreement with the Union Pacific RR.,
terminable on notice, for through passenger and freight service from
Chicago to the Pacific coast. V. 75, p. 848, 1301; V. 76, p. 101.
In Apr., 1901, stockholders subscribed to $8,6/3,200 new stook at
par, the proceeds to reimburse the company for 301 miles of new road
built during the past two years, and provide for Kansas City cut-ofl
and other necessary new construction, to cost $4,300,000, and in
Jan., 1902. $2,362,100 additional common stook was sold to pay In par
for 298 miles of new road, equipments and improvements. V. 72, p.
437, 935; V. 74, p. 378. In Oct., 1902, the rate of dividend on com
mon was Increased to 7 per cent.
The funded debt was Increased during the year 1903-04 by the issue
of $213,000 of general mortgage bonds and was decreased $863,000 by underlying bonds retired and canceled of the latter, $650,000 were converted into preferred stook. Of the funded debt there
was in the treasury June 30, 1904, $5,357,000 (against $5,144,000
June 30, 1903), of which $4.109,000. was general mortgage 3^8 and
:
I
;
Due,
Stocks— Last
Dividend.
July
1, 1909
July 1, 1920
July 1, 1920
Jan. 1, 1910
Jan. 1, 1921
July 1, 1921
July 1, 1921
Jan. 1, 1924
July 1, 1914
Jan. 1, 1916
July 1, 1926
1, 1989
1, 1989
June 1, 1910
June 1, 1913
Jan. 3, '05,34
Apr. 1, '05,
Feb. 1, 1915
1, 1916
Jane 1, 1909
Apr. 1, 1911
June 1, 1911
June 1, 1917
Nov. 1, 1907
Deo. 1, 1916
May
May
2%
May
!
•
1908
M
1908
1907
1907
Sept. 1,
Sept. 1,
M
i
1919
1,
Jan.
Nov.
1,
ury, see text.
additi onal in tresaury.
Chicago Kalamazoo Saginaw Ry.—Owns 55 miles, Pavilion
to Woodbury, Mich.
Stock, common, $2,000,000; preferred, $450,000; outstanding, common, $675,000; pref.. $271,000; par of shares,
$100. The first mortgage is for $225,000 to Union Trust Co. of Detroit,
as trustee; bonds all in treasury; current accounts Jan. 1, 1902, $98,336.
In 1901, gross, $84,248; net, $25,715; int. on debt, $9,907:
dividends, $6,266. President, James H. Dewing; Treas. and Secy. H. C.
Potter, Kalamazoo, Mich.— (V. 61, p. 1063.)
Chicago Lake Shore Eastern Ry.— See page 1683.
Chicago Milwaukee
St. Paul Ry.— Operates from Chicago westerly to St. Paul. Minneapolis and Lake Superior, Omaha,
Neb., and Kansas, City, Mo., with lines, traversing Illinois, Iowa,
Missouri, Michigan, Wisoonsin, Minnesota and the Dakotas, viz.:
Lines owned (of which 28
miles owned Jointly)
6,906
$2,500,000
J. & J. N. Y.,Offlce,30 Broad St.
5
1,106,500
J. & J. Boston, Lee Hlgglnson.
7
2,051,000
J. & J. N.Y. Office, 30Broad St.
6
do
5,793,000
do
J. & J.
6
3,000,000
do
do
J. & J.
6
25,340,000
do
do
5 g- J. & J.
do
do
1,360,000
5 g- J. & J.
do
4,755,000
do
5 g- J. & J.
do
1,250,000
do
6 g. ,T. & J.
4,748,000
do
do
5 g. J. & J.
do
2,856,000
do
5 g. J. & J.
3,083,000
do
do
5
J. & J.
a24.000.000
do
do
4g.
IT
al0,609,000
do
do
3«« g.
T
2,155,000
J. & D. N.Y., Ch.Mil.A 8t.P.Ry.
6
do
J. & D.
do
§4,003,000
6
48,336,063 7 in 1904 J. & J. N.Y.,Co.'sOffloe,52Wal!
do
22,395,120 8 in 1904 Q .-J.
do
do
12,832,000
do
7
g ,-F.
M & N.
do
do
2,332,000
7
do
do
769,000
j. & D.
7
b 2,977,500
do
do
7g. A. & O.
do
c 2,546,500
do
7 g. J. & D.
do
d 3,365,000
M.
do
& S.
7g.
M & N.
do
do
1,592,000
7
k 4,038,500
do
do
7 g. J. & D.
do
do
250,000
Seml-an
7
do
do
200,000
& S.
7
a 1,007,000
6
& S.
do
do
do
M & N.
do
2,000,000
6
d not listed, see text.
Add! tlonal amounts in treas
pal, When
$159,000 gen. M. 4s. During 1900-01 $4,000,000 of the general 3»as
and $100,000 general 4s were sold. V. 71, p. 1119; V. 73, p. 563.
Average freight train-load in 1903-04 was 245 tons; rate per ton per
mile- 0891c; In 1902-3 train-load. 244 tons; rate per ton per m. 0*865o
Earnings.— 8 mos., ) 1904-5 .Gross, $33,588,952; net, $12,330,020
July 1 to Feb. 28. S 1903-4. .Gross, 33,267,287; net, 12,164,547
Annual Report.— Flsoal year ends June 30. Annual meeting is
held in September. Report for 1903 04 was given in V. 79. p. 1021;
also editorial, p. 1304. In 1903-04, of 21,267,370 tons of freight carried, grain furnished 22 p. c; other agricultural produots, 2 p. c; coal
and coke, 15 p. c; lumber, 8 p. o.; other forest produots, 10 p. o., and
miscellaneous, 43 p. o.
1902-03.
1901-02.
1903-04
6,647
Aver, miles operated June 30..
6,829
6,604
Passenger earnings
$9,542,201
$8,918,966
$9,661,633
34,797,045
33,516,812
Freight earnings
35,081,759
3,323,491
Mall, express, &o., earns
3,586,942
3,177,346
$47,662,737 $45,613,124
$7,347,048
$7,219,136
3,363,596
3,893,834
14,881,635
16,829,796
1,470,187
1,400,161
1,105,000
2,475,000
Total earnings
$48,330,335
$5,128,249
Maint. oars and engines
4,651,783
Transportation, gen. exp. etc . . 1 8,597,343
Taxes
1,600,732
Renewal account
Additions to property
707,575
Miscellaneous
1,190,907
Maintenance of way
,
Total expenses
952,309
857,367
$31,876,590 $31,598,174 $30,196,895
$16,453,745 $16,064,563 $15,416,229
510,031
434,315
316,431
Net earnings
Other income
Total net income
Intereston debt, etc
Balance for dividends
Div. on common
Div. on pref
Balance, surplus
$16,770,176 $16,574,594 $15,850,544
6,101,335
6,210,086
6,051,775
$9,640,458
$10,718,401 $10,473,259
(7)$4,072,841 (7)$4,072,873(7)$4,072,873
3,368,379 (7) 3,349,388 ( 7) 3,259,403
(7 )
$3,277,181
$3,050,998
$2,308,182
Street, New York;
Treasurer, F. G. Ranney,
Officers.— Chairman, Roswell Miller, 30 Broad
President, Albert J. Earling, Chicago;
Chicago; Secretary, E. W. Adams, Milwaukee.
Directors.— Roswell Miller, New York; A. J. Barling, Chicago; Frederick
Layton, Milwaukee: J. Ogden Armour, Chicago; Frank S. Bond, Joseph Milbank, William Rockefeller, Peter Geddes, John A. Stewart, Samuel Spencer,
James H. Smith, Charles W. Harkness, Henry H. Rogers, New York.
Executive Committee.— Roswell Miller,
J. Barling, Peter Geddes, William
A
Samuel 8pencer.
New York Offloe—30 BroadCSt.— (V. 76, p. 1191; V. 77, p. 349, 626,
696, 823; V. 78, p. 1274; V. 79, p. 1021)
Chicago Terminal Transfer RR.
Chicago North. Pacific
Chicago 6c North Western Ry.— (See Map.)— Operates an Important 3ystem of roads uniting Chicago, El., 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,
Miles.
Road owned in fee
Main lines, etc
38
7,294 Sundry trackage
Entire stock owned
16
Princeton & Western
Total July 1,1904
7,411
2d track
799
St. Paul Eastern Grand Trunk
Rockefeller,
&
RR.—
—
—
(leased)
De Pue Ladd & East,
(leased)
60
Large interest owned—
3 Chicago St. Paul Minneapolis
& Omaha
1,676
History, &o.—A Vanderbilt line (V. 75, p. 1086) organized iu 1859
In July, 1884, the capital stock of the Fremont Elkhorn & Mo.
Valley was acquired, and in Feb., 1903, the road was absorbed.
Its securities, except those held bv Chio. & N. W.. are in table
above. V. 75, p. 514, 516 On June 30, 1901, purchased Sioux
City
& Pacific RR
V. 72, p. 721, 1236; V. 73, p. 444; V. 75, p. 446.)
in 1900 various proprietary roads were purchased and in 1900
to 1902 others built in the interest of the C. & N. W. were absorbed.
V. 71, p. 291, 294; V. 73, p. 294, 1010; V. 75, p. 446.
Capital Stock.—Of the common stock $2,338,413, and preferred
$3,835 remained in the co's treasury in July, 1904. Pref. stook has a
prior right to 7 p. c; then common 7 p. c; then preferred 3 per cent;
then common 3 per cent; then both classes share. In 1903 the
authorized common stock was inoreased from $41,448,366 to $77,601,045 (making the entire stock $100,000,000). See General
Finances below. V. 75,
p.
1085, 1146; V. 77,
p.
516.
The consolidated sinking fund bonas of 1915 have voting power.
Dry.— ( '85. '86 to'93. '94. *£95. '96to'99. '00. '01. '02. '03. '04. 1905.
< 6 1* 6yearly.
Pref.... £7*2
Com....
•
3
4 5 yearly.
7jyearly
6
7
7 7 Jan.,3i«
6
•—Below.-' 8ToApr.,4
In 1902, on common, Jan., 3 p. c; July, 3 p. o. and 1 p. o. extra in
1903, 7 p. o.; 1904, 7 p. o. On pf., Jan., 1% p. c; April, 1% p. c, July,
1% p. o. and 1 p. o. extra; Oct., 2 p. c; in 1903, 8 p. o. (paid Q.-J.); 1904,
8 p. c. (paid Q.-J.). The extra dividends of 1 p. o. each on the stocks in
July, 1902, inoreased the rate for the flsoal year 1901-2 to 7 and 8 p. o.
on the common and pref. stocks, respectively. V. 74, p. 1194.
;
—
.
RAILWAY STOCKS AND BONDS.
Ape., 1905.]
RAILROADS.
Date
Miles
Size, or
of
of
Par
Wot explanation of column headings, &o., see notes
Road. Bonds Value.
on first page of tables.
Chicago A North Western— (Continued)—
Menominee River 1st M., two series (assumed) F
Mil. & Mad. 1st M., Mil. to Madison (assumed) Fo*
*
Amount
Outstanding
Chicago & Tomah 1st mort., guar, (assumed). F
.F
Chicago Milwaukee & N. W. construe, do
j>es Moines&Minn.lst M.,Des M. to Jewell Jo. F&o.
gu.
U
n.o*
p.m.)
Ottum.C.F.& 8t.P. 1st M. ($25,000
No. m. 1st M. ($20,000 p. mile), assumed. U n.o*
Mil. L. 8h. & W., Consol. M. (now 1st) gold.Ce.o*
.
,
Mich. Div. 1st mort. (for $3,000,000), g..Ce.c*
Ce.o*
Ashland Division 1st mortgage, gold
Deben. (see text) sec. by mort of '89, g. ..Ce.c
Ext&Imp.M.for$5.000,000,g., s.f. notdr.Ce.C*
r
Income bonds (not cum.); no coupons'
Marsh. Ex.lstM.$600,000($15,000 p.m.). Cn.o*
O.&N.W.s.f.bdsof*79($15,000p.m.)r'd.atl05.Fo<fcr
Un
o*<fcr
Sinking fund debentures, 1933
o*<fcr
25-year debentures. tJn
o*&r
30-year deb.Cn
Chicago & No.
m.).Un.cfcr
Exten. 4s, $20,000,000 ($20,000 p.
Gen'l gold bond, mort., $165,000,OOO.Us..o*<fcr
W
7
6
6
6
7
5
5
J.
M.
M.
M.
P.
M.
M.
M.
f g
i g
g
2
i
5
g
1st M., g., $16,000 per
90
119
26
56
105
85
125
m.F.o*&r
& la. By., 1st M.,g., $16,000 per m.F.o*<fcr
Mankato & New Ulm, IstM., g., $416,000.F.o*<fer
Southern Iowa, 1st mort., $1,120,000, g.F c*<fcr
Princeton & North., 1st M., $2,100,000, g.F..cfcr
Peoria & Northw., 1st M., $2,125,000. g.F...o<fcr
Sioux City & Pao., 1st M., g.. $4,000,000. F...c<fcr
6
Sioux City & Pao., pref. stock (1st M. on 6 m.)
33
Minn. & So. Dakota, IstM., gold, $528,000. F..C*
Iowa Minnesota <fe Northwestern IstM., g.Fc*<fer 195
Frem. Elk. & M. V. oons. M. $25.000 p. m.. assumed 1.170
. .
Chicago
&
1898
1899
1899
1900
1901
1901
1901
l.OOO&c
l.OOO&c
-
J.
-
M.
*
P.
-
F.
M.
A.
1,000
l.OOO&c
1,000&0
l.OOO&c
l.OOO&c
100
1900
1,000
1900 l,000&o
1883
1,000
North Western Ry.— (CONCLUDED.)
Bonds.— General Mortgage.—See Abstract In V. 65, p. 1175.
The authorized issue is $165,000,000 (United States Trust Co., trustee)
$131,645,000 were reserved to retire underlyingbonds, and remainder
for additions and improvements, $4,000,000 at once and $1,000,000
a year thereafter. V. 65, p. 1070. V. 65, p. 69. Ill, 571 ; V.75, p.980.
The sinking fund bonds of 1879 are secured by deposit in trust
of $15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most important being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $5,686,000 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 figure in table.
The sinking fund debentures of 1933 have a sinking fund of $200,000
per year, if they can be redeemed at 105. See description of all the
debentures on page 2, Supplement of April, 1895.
The extension bonds of 1886 are secured by deposit in trust of first
mortgage bonds at a rate not exceeding $20,000 per mile. Included in
the collateral July 1. 1904, were $10,675,000 Fremont Elk Horn & Mo.
Valley lsts and $2,560,000 lsts Wyoming Central lsts [consolidated
with F. E. & M. V.], eto. See F. E. & M. V. bonds below.
The Fremont Elkhorn dk Missouri Valley consols have a first lien on
1,170 miles (Fremont. Neb., to Deadwood, D. T., 557 miles, and
branches to Hastings, Albion, &c, 613 miles), but besides the amount
of Issue given as outstanding in the table $10,675,000 (along with
M. V. Issue) are held as
$2,560,000 Wyoming Central firsts, A. F. E.
part collateral for Chioago & North Western extension bonds of 1886.
General Finances.—Stockholders in Feb., 1903, subscribed to $9,226,110 new common stock at par, raising the amount to $48,340,000.
Earnings.— For 8 mos. ending Feb. 28: Gross. $36,865,017 in 1904-5,
against $36,729,075 in 1903-4. Report foroalendar year, V.80, t». 567.
Tear.
Cross.
Net.
Bat , sur.
Charges (net). Dividends
&
.
1904. $53,705,091
1903.. 54,396,248
$16,667,889 $6,704,788 $5,174,924 $4,788,177
17,514,023
6,198,292
5,174,742 6,140,989
Annual Report.—Fiscal year changed to end June 30. The annual
meeting Is held the third Thursday in October. The report for 1903-04
was given at length In V. 78, p. 965, 970. Fremont Elkhorn & Mo. Valley, 1,372 miles, Included from Feb. 16, 1903. See also edit., p. 934.
Of the freight carried in 1900-1 (total 25,527,575 tons), ores furnished 23 per cent; lumber and logs, 15 per cent; grain, flour and mill
atufls, 13 per oent; other agricultural and dairy products, 3 per cent;
ooal and coke, 15 j>er oent; metals and machinery, 5 per cent: stone,
sand, brick, etc., 5 per cent; live stock, 4 per oent; miscel., 17 p. o.
i— Years end. June 30.—»
Years end. May 31.
1901
1904.
1903.
1902.
Average miles oper..
7,404
5,507
6,457
5,760
Passenger earns
$13,027,708 $12,161,997 $10,886,139 $9,718,191
Freight.
37,254,539 35,811,008 33,436,892 31,864,945
Mail, express, &o....
2,015,451
3,052,387 2,6tt6.137
2,321,091
Total earnings... $53,834,634 $50,639,142 $46,644,122 $43,098,587
Oper. exp.A taxes.. 37,227,109 33,851,672 30,005,643 27,229,998
Net earnings
$16,107,525 $16,787,470 $16,638,479 $15,868,589
Year end.
Years ending May 31.
June 30. 1904.
1901.
1903.
1902.
Total net reoelpts.... $17,596,760 $18,095,548 $18,058,159 $17,288,269
Interest on debt
$7,971,518 $7,475,970 $7,248,638 $7,167,352
Sinking fund, etc....
225,500
299,630
230,316
234,695
Dlv. on common
(7)3,383,324(7)3,060,414 (7)2,737,868(6)2,346,744
Dlv. on preferred.. .(8)1,791,600 (8)1,791,600 (8)1,791,598(7) 1,567,650
Real est., const, &C. 4,000,000
4,169,526
5,013,418
4,697,055
Balance, surplus....
$224,818
$523,830 $1,348,305 $1,737,367
The Fremont Elkhorn & Missouri Valley, included above from Feb.
16, 1903, earned for the year ending May 31, 1902, gross, $1,589,449;
net, $1,377,065; charges, $1,043,009; bal., sur., $334,056.
Officers.— President, Marvin Hughitt, Chicago; Vice-President and
Secretary, E. E. Osborn, 52 Wall St.. New York 2d Vice-President,
M. M. Kirkman, Chicago Treas. and Asst. Seo S. O. Howe, New York.
Directors.— W. K. Vanderbllt, F. W. Vanderbilt, H. McK. Twombly, Samuel
F. Barger, Chauncev M. Pepew, James Stillman, James C. Fargo. Frank Work,
N.Y.; Marvin Hughitt, ByroD L. Smith, Cyrus H. McCormick, Marshall Field,
Albert Keep, Chicago: H. C. Frick, Pittsburg, Pa.; David P. Kimball, Oliver
Ames, Boston; Zenns Crane, Dalton. Mass.
—
.
•
.
;
;
—(V. 78,
,
583, 2333; V. 79, p. 679, 965, 970; V. 80, p. 221, 591.)
St. LoiiIn Ry.— Road.— Owns from Pekin
to Granite City, 111., 180 miles; Madison to Bridge June, 3 m.;
Havana to Jacksonville, 111., 42 m.; branch, Lookhaven to Grafton, 8 m.;
total owned, 233 m.; trackage, Pekin to Peoria. 10 m.; Granite City,
111., to Merchants' Junction, 3 m.; InSpringfleld, 113 m.: Madison, HI.,
to St. Louis Station, 713 miles; total, 255 miles.
Reorganization of Chicago Peoria & St. L. RR.and St. L. Chic. A 8t
d in foreclosure Jan. 8. 1900, per plan Id vol. 68, p. 722.
10^;
t
in
1904 a majority of the stook and income bonds was deposited
a cotnDJ ittee (Thomas Carmiohael, 54 William St., Charman),
!r the
under
terms of an agreement expiring Aug. 1, 1906, providing for
the conversion of the incomes into first preferred and present preferred into second preferred stock and sale of the deposited securities
on certain conditions. V. 79, p. 2454.
BoND8.-Of the $2,000,000 prior lien 4*as (City Trust Co. of N. Y.,
trustee), $425,000 are reserved for future extensions, improvements,
etc. Stock, common, $3,600,000; pref., $3,750,000.
p.
Chicago Peoria
.
&
N.
N.
A.
<fe
8.
S.
N.
J.
8.
A.
A.
N.
O.
O.
5
5
M.
M.
5
4
P 15&A.
N.
N.
A15AO
If
Coupo
3iag.
3Jag.
J.
3J* g.
A.
3iag.
3»«g.
M.
J.
J.
M.
3ia g.
3ia g.
F.
7
A.
3^2 g.
3ia g.
J.
J.
6
&
&
&
&
&
&
&
&
&
&
&
Dividend.
J. N.Y.,Co.'sOffloe,52 Wall
8.
do
do
A.
400
528,000
3,900,000
7.725.000
&
&
&
&
&
&
&
&
&
&
&
A
&
&
&
&
5&6
3ifig.
1,440,000
1,904,000
p 416,000
N'neJuly'04
iil.940.000
2,125,000
03,926,000
Whom.
Payable
Cent.
Branch Line Bonds Assumed.
Minn.
1543
Bonds — .PrlnclINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
31 '76-'80 Ip .....
$560,000
82 1880
1,000
1,600,000
1,528,000
152 5 1880
(1882
e 601,000
57 1882
1,000
600,000
64 1884
1,000
1,600,000
76 1885
1,000
1,500,000
413 1881
1,000
5,000,000
82 1884
1,000
1,281,000
40 1885
1,000
1,000,000
693 1887
1,000
436,000
693 1889
1,000
4,148,000
....
1881
1,000
500,000
40 1892
1,000
400.000
1,041 1879 l.OOO&o 12,320,000
1891 l.OOO&o
....
9,800,000
....
1884 l.OOO&o f 5,369,000
1891 1,000&C g 9,819,000
....
1886 l.OOO&o hl7489,000
....
....
1897 l.OOO&o ml9965000
.
Boyer Val. Ry.,
4
(
.
July
1906
1905
do
do
Nov. 1, 1905
do
do
Nov. 1, 1905
do
do
Feb. 1, 1907
do
do
Mch. 1, 1909
do
do
Mch. 1, 1910
do
do
May 1, 1921
do
do
July 1, 1924
do
do
Mch. 1, 1925
do
do
Feb. 1, 1907
do
do
Feb. 1, 1929
do
do
May 1, 1911
do
do
Oct. 1, 1922
do
do
Oot. 1, 1929
May 1, 1933
do
do
Nov. 1, 1909
do
do
Apr. 15, 1921
do
do
Aug. 15, 1926
do
QO
n int.M.&N.; regls.Q.F. Nov. 1, 1987
do
do
do
do
do
do
do
do
do
do
do
D.
D.
O.
S.
J.
S.
A.
O.
J.
J.
O.
do
do
do
do
do
do
do
do
do
do
do
1,
Sept. 1,
Deo.
1,
1,
Oct. 1,
Sept. 1,
Jan. 1.
Mch. 1,
Aug. 1,
June
1923
1924
1929
1925
1920
1926
1936
Apr.. 1 ,'05,3i*
Jan.
Jan.
Oot.
1,
1,
1,
1935
1935
1933
Report for year to June 30, 1903, in V. 78, p. 340. In 1903-4,
gross, $1,762,931; net, $93,200; other income $3,500; total deductions, $222,609; balance, deficit, $125,908. Pres., [Charles E. Kim;
ball. New York; Sec'y and Asst. Treas., H. W. Berger, Springfield. I1L
Treas. and Asst. Sec, C. M. Gleason, New York.— (V. 76, p. 431; V.
77, p. 146, 2158; V, 78, p. 340; V. 79, p. 902, 2454.)
& Pacific Railroad.—Incorporated lu
an operating company, per plan V.75, p.
Chicago Rock Inland
Iowa on July
31, 1902, as
&
The entire capital
(holding) Company.
Bonds.—The collateral trust 4s of 1902 (authorized Issue $75,000,000) are secured by a pledge with the trustee of an equal amount
of the stook of the C. R. I. & P. Railway as acquired. In July, 1904,
$69,557,400 of the $74,817,100 Railway stock had been acquired.
In 1905 $17,309,000 of an authorized Issue of $18,500,000 collateral
trust 5s of 1913 had been issued with Rock Island Co. stook in payment for $28,884,800 of the $29,000,000 St. Louis & San Franoisoo
com. stock. V. 76. p. 1406. Report for year end ing June 30, 1904,
was In V. 79, p. 1951, showing: Total income $5,578,497; expenses,
$26,263; int. on bonds, $3,495,113; divs. to Rock Island Co.,$l,475,000;
bal., sur. for year, $582,121.— (V. 76, p. 1191, 1247, 1406, 1951.)
Island
Pacific Ry.— See Map Rock Island Co.
Chicago
239, to take over the
stook ($145,000,000)
Rock
Chic B.
is
I.
Pao. Railway.
owned by the Rook Island
&
pages 1622 and 1623. )— The system extends from Chioago, III., via
Omaha, Neb., to Denver and Colorado Springs, Col., and via Kansas
City, Mo., to Santa Rosa, New Mex., there connecting with the lines
of the New Mexico Ry. & Coal Co. and forming with them and the
Southern Pacific a through lirfe to the Paoiflo coast; also from Tuoumoarl, N. M., to Memphis, Tenn., and to Fort Worth, Tex., on the south,
and on the north to Minneapolis, Minn, and Watertown, S. Dak., with
numerous branches, viz. (see V. 75, p. 1156; V. 76, p. 751
Miles
Miles.
Mileage leased
Mileage owned
Chic, til., to Color. Sp'gs,Col.l,064 Des Moines & Fort Dodge
(surrendered Jan. 1,1905). 139
Davenport, la., to Terral, I.T. 710
162
Herrington, Kan., to TexKeokuk & Des Moines
IT
47
323 Peoria & Bureau Valley.... IT
homa. O. T
River
Val...V
62
Burl'gt'n,Ia.toMin*ap.,Minn. 308 White & black
Springs
&
Hot
Vinton, la., to Watert'n, S.D. 376 Little Rock
23
Branch lines
Western
2,141
T
—
—
4,922
433
Capital stock all owned—
Choc. Okla. & Gulf (leased).. 11999
El Paso
112
Ohio. R. I.
Chic. R. I. & Gulf
385
Trackage to St. Louis, Den422
ver, Pueblo, eto
142
Lines under construction
St. L.
&
K. C. &
Kan. City-R.
Col.
I.
Ry
RR. and
284
1,780
Total mileage oper. & under
construo'n June 30, 1904.-7,699
fl
See these oompanles.
History.—The present Chicago Rook Island & Pacific was a consolidation June 2, 1880, with $50,000,000 stock authorized.
Iu July, 1904, $69,557,400 of the $74,818,100 capital stook had been
deposited per plan V.75, p. 239, each $100 stook being exohanged for the
following securit es: $100 in 100-year 4 p. 0. gold bonds of the Chic R. I.
& Pao. Railroad (of Iowa) and $70 preferred and $100 common stook
of the "Rock Isl'd Company" (of New Jersey), which owns the entire
capital stock of the Railroad company. See statements for those companies in this Supplement.
The Union Pacific interests, jointly with the Ch. R. I. & Pac, control the Chicago & Alton Ry., the C. R. I. & P. owning $18,790,000
V. 79, p. 1462, 2206; V. 80, p. 472.
In 1902, also, most of the outstanding stock of the Burlington Cedar
Rapids & Northern and Rock Island
Peoria were acquired, and their
roads leased from June 1 and subsequently deeded to the C. R. I. & P.
V. 74, p. 1194, 1250.
8TOCK.—In Julv, 1901, stockholders subscribed to $10,000,000
additional stock, raising the amount to $60,000,000. See below. In
1902 the stock was Increased to $74,836,100 by sale of $s,235,500
at par to shareholders, the issue of $3,720,100 to take up Burl. Ced. Rap.
& Nor. and Rook Island & Peoria minority stock and $2,000,000 to purchase the St. Louis Kan. Citv & Colorado Ry., and by sale of $880,500.
V. 74, p. 1194; V. 75, p. 28; V. 77, p. 1742.
1905.
Dividends „..)'94 *95 '96 '97 '98 '99 to '02. '03. '04.
•lnce '93. P.ot
2 213413 5 yearly. 713 8H To Apr.,
SZ^a 2
In 1904, Jan., 114; April, 3; July,l%; Oct., 2V; 1905, Jan., 2; Aor.,2.
Bonds.—Of the general 4s of 1898, those unissued are available as
follows $25,900,000 at not over $1,000,000 per annum for permanent Improvements and additions, inoludlng equipment, ana $12,500,000 to retire the 1st 6s of 1917. Bankers' Trust Co. of New York,
trustee. Mort. Abstract in V. 66, p. 522; V. 78, p. 228; V. 80, p. 472.
The collateral trust gold 4s of 1902 ($24,000,000 authorized) are
secured by deposit of all the stook of the Choctaw Oklahoma & Gulf
RR. (see that company). V. 74, p. 775, 829, 936. 1356.
The refunding 4 p. 0. bonds of 1904 ($163,000,000 authorized
Issue) are a first Hen (either directly or through pledge of tne entire
issues of bonds of the companies owning the same) on terminal property In St. Paul, Minneapolis and St. Louis, new equipment, and shops
at Moline, 111., and on railway lines aggregating 1,148 miles; also a
junior Hen subject to existing mortgages on all the other lines of the
system of the Railway company, aggregating, exclusive of leased lines
and trackage, 5,701 miles. See General Finances below, also Chronstock.
&
:
1544
i
RAILWAY SHOCKS AND BONDS'
JJSEl
If
[Vol. lxxx.
-|D
:
.
c..
:
RAILWAY STOCKS AND BONDS.
Apr., 1905. J
RAILROADS.
Miles
of
For explanation of column headings, Ao. see notes
on
first
;
page of
Date
Size, or
of
Par
Road. Bonds Value.
tables.
230
230
230
CMc.Pco.dk St.L.—Vt. lien M.,g., call at 107>2.Cl.c*
o*
Consol. M., $2,000,000, g., called at 105. Col..
Income M., g. (text) non-cum called at par EC
Ch.R.I.dtPac.RR.— Col.t.M.,$75,000,000.Ce.0*Ar
c*
Col. tr. M., $18,500,000, g., red. 102»«.Ce
Chic. Rock laid. & Pac.Ry.— Stock ($75,000,000)
764
1st M.,Cldo.,m.,toCounoilBluff8&br ches.Us.c*
o*Ar 3,168
General mortgage, $100,000,000, gold
,
,
D
to P, due yrly.red.lOlJa.Ce.c*
Col.tr. M.,g..Ser.
Ref. M., $163,000,000, g., red 105 to 'll.Ce.c*<fcr Text.
Notes eeo. by $11,250,000 ref. ^onds. red. at 102
R. I. Elev. M., g., gu. p. & J., red. par...o*
Chlo.
&
1900 $1,000
1900
1,000
1900
1.000
1902 1,000*0
1903
1,000
100
1877 l.OOOAe
1898 1.000 Ac
1902
1.000
1904 1, 000 Ac
1904
1904
1,000
Amount
Outstanding
1545
Bonds— Jr-rmoiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Whom
Payable
Cent.
$1,575,000
2,000,000
5g.
2,000,000 Up to 5 p
69.557,475
17,309,000
5 g.
74,836,100 See text.
12,500,000
6
61,581,000
4g.
19,422,000
4g.
29,058,000
4g.
4*9
7,500,000
1,000,000
5 g.
4iag.
M.
J.
A
&
&
S.
J,
er cent
N.
M.
M. A 3.
Quar.
A
A
M. &
A. A
J. A
A. A
J.
J.
N. Y.
office,
do
when
Dividend.
52 William. Men.
do
July
earned.
July
Nov.
N. Y., First Nat. Bk.
New York.
New York.
1,
1,
1,
1,
Sept. 1,
1930
1930
1930
2002
1913
Apr. 1, '05, 2%
N. Y., First Nat. Bk.
J.
July 1, 1917
do
J.
do
Jan. 1, 1988
do
N.
May, 1906-18
do
do
O.
Apr. 1, 1934
do
J. N, Y., First Nat. Bank. July 1, 1907
O,
Chioago.
Oct. 1, 1924
81. Louis <t New Orleans— See III. Centh
100 18,558.953 See text. F.
N. Y., Office, 52 Wall St, Feb.20,'05 3i«
Chicago St. Paul Minn. & Omaha Com. stock..
Feb. 20 '05,3 ifl
100 11,259,911 7 in 1904 F.
do
do
Pref. stock, non-oum.. Including sorip (see text)
21 1878 500 Ac.
J.
do
do
Jan. 1, 1908
334,800
7
Bt. Paul Stillwater & Taylors* Falls 1st mort. ...c
12 1878 500 Ac.
do
July 1, 1908
J.
do
125,000
8
Hud. &Rlver Falls 1st M., Hudson to River Falls.
177 1878 500 Ac
May 1, 1918
do
do
1,835,000
Ch.8t. P.AMinn.l8tM.,g.,ElroytoL.St.C.ass'd.o*
g M. A N
2
Apr. 1, 1919
607 1879
1,000
do
do
6,070,000
6g. A. A O
Bt. P. A Sioux City, 1st M., g.. $10,000p.m..Ce.c
80 1880
1,000
do
Jan. 1, 1930
J. A J
do
654,000
6
No.Wis.lst M. Lake St.C.ton'rSpoonerass'd.Ce.o*
M. A N
do
37 1890
1,000
Nov. 1, 1915
350,000
5
do
Bault Ste. Marie A Southwest'n 1st M., assumed.c
June 1, 1930
1880
1,000
J. A D
do
14,724,000
do
C.8t.P.M.AO.M.,$30,000,000 ($15,000 p.m)Ce.C
6
3i«
1880
do
consols., interest reduced
1,000
do
June 1, If 30
J. A D
do
2,159,000
do
27 1903
1,000
17,000,000
5g. J. A I) N.Y.,lstNat.Bk.AChio. Dec. 1. 1928
Oh. Sub.— 1U. T. 1st M., $30,000,000, er.red.105.EC:
1929
1899
A. A O North. Tr. Co., Chicago.
Chic. Dock M assumed, red. 105 (V. 68, p. 333).
665,000
4
July 1, '06-'09
1,335.000
4
Notes sec. bv 2d W.Chic. Dock, due $333,750 y'ly
1886
1,000
394,000
5 g- J. A D. N. Y., Mercantile Trust. June 1, 1936
Chic. Term'l Tr. RR.—Ch.& Gt.W.lst M., g.,ass*d.o*
May 1, 1938
650,000
M. A N. To City of Chicago.
City of Chicago purchase money mort., assumed
5
"91
July 1, 1947
1897
See text.
4 g- J. A J.
Chlo. Term. Transf.lstM.,g.,$16,500,000 Us. o*«fer
1,066
15,135,000
text)
100
Chioago.
Apr. 1, *05. 1**
Chicago <& Western Indiana — Stock (see
5,000,000
6
—J.
"48 82-92
M. N. Y., J.P.Morgan A Co. Deo. 1, 1932
1,000
General M., gold, sink, fund, subj. to call 105. .o*
9,318,667
6
o*
1902
1,000
A J. Ill.Tr.&S.Bk.Chio.&NY July 1, 1952
Consol. mortgage, $50,000,000, gold.IC
12,182,000
4
Chicago
West Michigan See Perb Marq. RR.
Chicago Wisconsin <e Minnesota— See Wisconsin C ENTR \L.
In addition sinking fund July 1, 1904, held. a. $58,000; b. $172,500; c, $150,500; d, $135,000; e, $149,000; f., $521,000 (and $10,000 on
$694,000; n $160,000; o $74,000: p All in s. f.; ff Coupon Interest M. A N.; reg. Q.—V.
hand): g.,$181.000; h, $1,143,000: k. $202.500;
Chicago
—
-
,
—
—
<fi
m
icle of Jan. 28, 1905, and full statement in V. 78, p. 288, 234; V.
79, p. 1716. 2206. They are issued and issuable as follows
Issuable forthwith (compare "General Flnanoes" below. .)$15,000,000
Issued or Issuable to an amount equal to the value of bonds
so issued, to acquire property, including stocks and bonds 25,000,000
Reserved to retire at or before maturity all bonds of the
railway system falling due within the next 30 years
(none of such underlying bonds to be extended), also
to acquire $25,900,000 general 4s of 1898, issuable for
improvements,
viz.:
BONDS TO BK TAKEN UP.
Chicago Rock Island & Pacific Ky gen. mort, 4s, hereafter to be issued, viz.:
$12,500,000
(a) To ret ire at matu rity first 6s of 1917
(b) At not exceeding $l,o0i),ou0 per year for additions
and Improvements
$2,318,538; dividends, $1,683,324; bal.,
Report.— Report 1903 4 V. 79, p. 1700, 1716, 1951; see also editorial'
Year ending June 30—
1903-04.
1902-03.
Miles operated
Passenger earnings
Freight earnings
Mail, express, rentals, eto
7,205
$11,697,033
31,167,006
2,105,452
6,978
$11,490,544
30,917,281
1,968,795
Gross earnings
Net earnings
Other income
$44,969,491
13,194,598
1,333,833
$44,376,620
16.317,455
1,671,487
$14,528,431
$1,437,578
7,062,655
.(8%)5,985,060
$17,988942
$43,138
$4,892,145
Interest and rentals
Dividends..
Balance
Officers.
$1,319,300
7,096,731
4,680,766
Chairman of Board, D. G. Reid; President, B. L. Winchelli
Exec. Com., Vice-Pres. and Gen. Counsel, Robt. Mather;
Chairman of
8ec. and Treas., George H. Crosby. N. Y. office, 71 Broadwav—(V. 79,
p. 1951, 2205, 2587, 2642, 2696, 2794; V. 80, p 472, 1362, 1433.)
Chicago St. Paul Minneapolis
Ry.— (See Map Chi
cago d North Western.)— Road.— Elroy, Wis., to Omaha, Neb., 593 miles
other lines, 1,083 m.; total, July 1,1904, 1,676 m., of whioh 1,607 are
owned and 69 miles leased. V. 69, p. 1147. In Oct., 1904, purchased
Chippewa Valley A N. W. Ry., whioh was incorporated to construct a
line from Rice Lake, Wis., northeast about 100 miles, of which 36
miles were operated in Jan.. 1904, and Eau Claire Chippewa Falls &
Ry,-* of
ch 49
Chippewa Falls, Wis., to Yellow River, oper* 5-.
ated
in Jan., 7J^
1904.
History.—Tills was a consolidation July, 1880, of the Chicago St.
Paul A Minneapolis, the North Wisconsin and the St. Paul A Sioux City.
In November, 1883, Chicago A North Western Ry. purchased control, viz., $9,320,000 common and $5,380,000 preferred.
& Omaha
i
m
-
to
consols. V.76, p. 653, 704; V. 77,p.2389.
June 30, 1904, 11,868 acres for $63,381!
Latest Earnings.— From July 1 to Feb. 28 (8 months), gross.
$8,190,733 in 1904-05; $8,151,467 In 1903-04.
Report.—Year now ends June 30. For 6 mos. ending June 30, 1904»
$4,980,037; net over taxes, $1,421,344; Interest and rentals, $806,933; oiv. on com. stock (3 p c). $556,665; div. on pref. (3^ p. o.j,
$393,988; bal def., $336,242. Report for 1903. V. 78, p. 1443.
1901.
1902.
1903,
Fear ending Dee. 31—
Gross earnings
$12,055,271 $11,907,525 $11,196,104
7.014,270
7,483.25 3
Operat'g expenses and taxes. 7,726.662
$4,182,134
Net earnings
$4,424,272
$4,328,609
109,785
Net rentals paid
121,283
111,876
1,343,097
1,394,059
Net int.on debt (less other Inc.) 1,455,600
(7)787,976
Div. on pref stock
(7)787,976
(7)787,976
(5)927,750
Div. on oom. stook
(6)1,113,300
(6)1,113,315
600,000
600,000
500,000
Appropriation for imp'ts
413,526
Surplus of RR, Co
$350,435
$417,061
110,906
$118,046
$123,656
Net rrom land sales
-(V. 77, p. 2389; V. 78, p. 1443; V. 79, p. 1955; V. 80, p. 221, 650.)
Chicago Subway Co.—Incorporated in New Jersev on Nov. 21,
1904. Has acquired over 98 per cent of the $30,000,000 Illinois Tunnel Co. stock, which has completed 25 miles of narrow-gauge eleotrio
tunnel railroad for the transfer of freight from the various railroad
terminals to the down-town business district and proposes to develop
and extend the system. Controlled by interests identified with the
leading railroads entering Chicago. Also owns entire stock of Illinois Telephone Construction Co., the Tunnel Co. operating over 8,000
telephones, to be increased to 10,000. V. 79, p. 2794, 2588, 2455,
501; V .78, p. 820; V.80, p.lt>3, 600. Gov't mail contract, V. 80, p 1110.
Stock authorized, $50,000.0110, of which $10,000,000 to remain in
the treasury; par of shares, $100. Bonds, see table above. V. 80, p.
163. Directors of Illinois Tunnel Co. now include the Presidents of
the St. Paul, Atchison, Rock Island, Alton, Erie. C. B. A Q., Union
Pacific, etc. V, 79, p. 2796. Pres., A. G. Wheeler. (V. 80, p. 871, 1110.)
Chicago Terminal Transfer RR.— Property.— Consists of
passenger and freight terminals in city of Chioago, lines of railway leading thereto, and a belt line around the oity. Company
owns 760 aores of land In and adjacent to the city, of which 50 acres
are in the centre of the business district; also includes 7,500 feet of
dock property on Chioago River. Nearly all land, inducting that upon
,
sur.,
Total income
3^ p.o.
unsold, 183,308 acres.
82,025,000
Reserved to provide 75 p. o. of purchase price of securities
of other companies hereafter acquired
13,500.000
Reserved to be issued at not over $2,500,000 yearly from
Jan. 1, 1904, for future improvements and equipment .. 27,475,000
As toChio. R. I. & Pac. Elevator mortgage, see V. 79, p. 2590.
General Finances.- In Dec. 1904, $33,904,000 first acd refunding
4s had been issued, of which $25,553,000 were sold to pay for capital
expenditures theretofore made, including purchase of $18,790,000
Chicago A Alton stock and fir obligations maturing in 1905. In Jan..
1905. the issuance of bonds under sections 2 and 3 of article 1 of said
mortgage was warranted to a total of $40,000,000 (including a part
of the $33,904,000 Just mentioned), by expenditures aggregating
$46,271,939 made since Jan. 1, 1901, viz.:
Acquisition, construction and completion of 1148 miles
of new railroad, on which they are a first lien
$32,528,548
Shops at Moline, 111
1,763,749
Terminals at Minneapolis and St. Paul
980,986
New equipment
10,998, «56
Compare V. 80, p. 472, and V. 79, p. 2206. In April, 1905, $7,000,000 additional was sold for improvements and equipment, of which
$3,500,t00 to be issued at once. V. 80, p 1123.
Latest Earns— 8 mos. f 1904-5. .Gro> s, $29,706,035; net, $8,444,491
July 1 to Feb. 28.
Gross, 31.866,614; net, 9,355,504
5 1903-4
For 3 mos. ending 8ept. 30, 1904, net, $4,048,720; other income,
Taxes
preferred, $12,646,833,
>
Lands.— Sales 6 months
i
etc.,
;
•
1903. sold $2,000,000
85,900,000
Burlington Cedar Rapids & Northern Ry. Co. cons. 6s
hereafter to be issued to retire
6. 500 000
(a) B.C. R. & N. Rp. first mortgage 6s of 190«
1,906,000
(b) Cedar Rapids Iowa Falls 4 N. st mort. 6s of 1921
Oklahoma
Gulf
RR,
consol.
&
(see
that
Co.)
Choctaw
6s, hereafter to be Issued to retire $5,500,000 C. O.
5,500,000
AG. RR general mortgage 6s of 19L9
Chicago Rock Island & Pac. Ry. gold 4s of 1902 (Choctaw
Oklahoma & Gulf stock collateral)
22,410,000
Bix percent notes of 1905 of D. R. Francis and John
Scullln ($*,25<>,000 each) [paid Jan. 1, 18061
4,500,000
Rock Island & Peoria Ry. Co. c> neol. mort. 6s of 1925.
460,000
Choctaw uklaha. & Gulf RR. equip, trust certificates... 2,360,000
$221,440; int, taxes,
$268,298.
Stock.—Authorized common, $21,403,293
Held by the company June 30, 1904, oommon stock and sorip, $2,844,340 preferred stock and scrip, $1,386,921. Preferred stock has a prior
right to non-cumulative dividend of 7 percent; but oommon is never
to receive more than is paid on preferred.
Drvs.— ) '91 '92 '93 to '96 '97 '98 '99 '00 '01 '02 '03 '04 1905
2 2 3^ 5
5
6 Feb.,31*
Com.,%£ .. .. None.
8
6
Feb,3i«
Pref.,%) 4 6ifl
7 per ann. (3ifl FAA.)
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.
Chioago St. Paul A Minneapolis 1st 6s, due 1918, and North Wisoonsiu
1st 6s, due 1930, are exchangeable at'option of holder at any time,
In
dollar for dollar, for consol. 6s of 1880. due 1930. V. 68, p. 521.
.
which tracks have been built, is owned In fee. Track owned, 84 miles;
leases from Chicago Junotion Ry., 10 miles; trackage, 7 miles; total,
101 miles; 2d track, 52 m.; sidings, 114 in.; total all tracks. 268 miles.
History.— A reorganization in June, 1897. of Chioago & Northern
Pacific and Chic. ACalumetTerm., planV. 64, p. *88, 898.
Reorganization. -A committee (Henry W. De Forest, Chairman),
representing the holders or large amounts of stocks and bonds, will
prepare a plan of reorganization. Guaranty Trust of N. Y. offered to
purchase Jan., 1905, coupons on the general 4s. V. 80, p. 116.
Hall garten A Co. of New York requested bondholders to communicate with them before taking steps. V. 80, p 221.
Tenants.— Bait. & Ohio, Chicago Great Western, Chicago Junction,
Pere Marquette (the last named since Dec, 1903). As to changesjin
1903, including termination of St. Louis Peoria & Northern tenancy,
see V. 77, p. 948, 2158; V. 79, p. 901. Minimum rentals receivable from
tenants amount to $513,500 annually. See V. 79, p. 2084.
Securities.—Stock— $13,000,000 common and $17,000,000 4 p. c.
non-cum. pref. Of the $16,500,000 1st 4s, $1,305,000 are reserved
to retire assumed bonds. V. 79, p. 901.
Latest Earns.- 8 mos. ) 1904-5.. Gross, $1,015,898; net, $377,381
July 1 to Feb. 28.
5 1903-4.. Gross,
1,066,789; net, 348,676
Report.— Report for year ending June 30, 1904, given in V. 79, p.
900. shows, gross, $1,570,765; net, after deducting taxes, $127,459;
Interest, $629,400
bal., def., $201,941.
See and Asst.
Pres. and Gen. Mgr., J. N. Faithorn, Chicago, 111.
T.
Treas.. W.
Wisner 2d, 30 Broad St.. N. Y. New directors Oct..
1904, V. 79. p. 1641, 2084— (V. 79, p. 2034; V. 80, p. 116, 162, 221.)
Chicago Union TraniferJUr.-V. 72, p. 872; V. 73, p. 1207.
Owns a valuable terminal
Chicago
Western Indiana
system of roads affording entrance into Chicago to the roads named
;
;
&
RR.—
1546
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
Ape., 1905.]
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RAILWAY STOCKS AND BONDS.
1548
[Vol. lxxx.
INTEREST OR DIVIDENDS.
RAILROADS.
Jio/uls— .rrluui-
Miles Date Size, or
pal,When Due.
Amount
Par
of
of
For explanation of column headings, &c, see notes
Outstanding Rate per When Where Payable, and by Stocks — Last
on first page of tables.
Road. Bonds Value.
Payable
Whom.
Cent.
Dividend.
Chihuahua
Choctaw
<£
dt
Paciflc-lut M., $2,000,000, g.IWa..
Choe. Oklah.
Gulf RR.—Qen. (now
1st) M., gold.o*
1st M., $3,750,000, ass'd.GP.-.o*
L.Rock B'ge 1st M., ass'd.g., red. (text)...GP.o*
Consol. M. (see text), $30,000,000, gold.GP...c*
Choc.
125
1899
1,000
$2,000,000
283
282
1894
1899
1899
1902
1900
1901
1902
1903
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
5,500,000
3,525,000
335,000
5,411,000
50,000
510,000
1,100,000
See text.
1903
1,000
Memphis— See Ohoo. Oklah. & Gulf.
<£
& Mem.
GP
Car
964
trusts, gold
o*
8er. B, $70,000 s.a.to Aug. '06then $75,000.GP
Ser. C, Apr., yearly, beginning 1903.GP
Cin. BlulTton dt Chic.— 1st M., $1,500,000. g
Gin. Dayton <£ /ronton— See Oin. Ham. & Dayton.
Cin. Find. <£ Ft W.— 1st M., ft., guar., end. red.N.o*
Oin. Ham. dk Dayton Com. stock
Pref. stook, A & B, 4 p.o. cum., guar, (oall at par)
do
"Eagle" 4 p.o. cum., guar, (call at par)
Pref. 5 p. o. (V.69, p. 1300) non-cum., $8,000,000
Consol. mort. (now 1st) $&£, sink. fund. .. I s.e"
92
1,150.000
8,000,000
See text.
See text.
See text.
1,000
60 1875
2,595,000
69 1887
1,000
Second mortgage, gold
2,000,000
o*
1,000
General mortgage, $7,800,000, gold
60 1892
3,000,000
Me.c*
1,000
95 1892
1,200,000
Cm. Dayton & Chicago 1st mortgage
1.000
164 1891
3,500,000
Cin. Day. <fe Iron., 1st M.,g.,gu.(assumed)..Ce.o"
1904 l.OOO&c
Refunding mort., $25,000,000, «old.i;»ni...o*4r
9.977,000
1905
See text.
New. mort., $50,000,000 authorized Ce
1905
1,000
«old coJ lateral notes, subj. to call at 101
15,000,000
Ce
1905
1,000
1 .080,000
Car trusts, g..|$54,00o due s. a.Jbeg. Oct.,'06.Ce.c
1881
1,000
Dayton & Michigan, 1st mort., guar. p. &i. end.c 142
2,728,000
1895
<£
1,000
Oin.Ind.
West— Ind. Dec. & ( not guar.. Ce
2,229,000
J
933,000
W. IstM. g., red. at 110.. ( guar. p. & 1. (end.)o, ^264 U895 1,000
361 1903
C.I.<fe'W.l8t&ref.M.,$8,200,000g.,gu..p. fei.enNo.
1,000
4,672,000
100
Cin. InUr-Terminal RR.— 1st pref. stock (see text) Text.
See text.
Cincinnati Lebanon <& Northern let mortgage, o
38 1886
1,000
200,000
52 1902
lstoon.M.$l,500,OOOg.gu.p.<fei.en.(V.75,o.l398)o*
1,000
1,291,000
Cin.dt Mus. V.— 1st M.$2,000,000.g.gu.p. <fcf.end.Fo*
148 1898
1.000
1.600,000
—
100
100
100
100
,
,
;
,
66666
6*6
Chihuahua & Pacific RR.— Completed Apr., 1900,from Chihuahua, Mexico, to Minaca, 125 miles. Extension from Elcarpio Jot. to
Temosachic, Mex., 55 miles, was under construction in Oct., 1904.
See Kansas City Mexico & Orient statement and V. 71, p. 181. Stock is
$2,500,000; par of shares,$100. Bonds, see table above.— (V. 79, p. 902.)
(See Map of Roch Island.)
C'lioctaw Oklahoma
Gulf
RR.—
&
Road Owned—
Miles.
Hopefleld, Ark., via Sayre,
O.T., to Tex. State line....
Haileyville, I. T..to Ardmore.
Tecumseh.O.T., to Asher.O.T.
Geary, O. T., to Alva and
Anthony. Kan
Hot Springs, Ark.,
and Malvern
27
Brlnh ley to J'ksonport. Ark.
Little R.
Hot Spr. West.,
Benton to near Little Rock
62
—
648
118
25
&
137
to
Branches to mines
Leased
White & Black River Valley,
23
4
Trackage
Benton
Haileyville to Wilberton
39
22
Total
1
1,105
|
Stock.— Common stock, $9,827,500; pref., 5 p. c cum., $6,000,000,
owned by the Chic. Rock Island & Pacific Ry., which in 1904 leased
the road for 999 years from Mar. 24, 1904, the rental covering interest
on bonds. Dividends paid to Deo. 31, 1903, see Supp. of Jan., 1904.
8ee V. 74, p. 775, and also p. 829,986, 1354: V. 78, p. 401.
Bonds.—The consol. mortgage of 1902 is for the authorized amount
of $1,000,000 on the coal properties and $15,000 per mile for each
mile of railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and O. & M. 5s being reserved to retire
the same. Full data in V. 77, p. 23b6. Chic R. I. & Pac. Ry. 4s of
1904 are reserved to take up consols of 1902 issuable to retire $5,500,000 general 5s and also car trusts. V. 78, p. 234. Little Rock Bridge
all
6s are subject to oall at 105 for sinking fund of $20,000 yearly. V. 71,
p. 602. Car trusts, see table above; V. 73, p. 1312, 1356; V. 74, p. 727.
Report.— Balance sheet, etc., in V. 77, p. 2336. Year end. June 30.
Cross.
Other inc. Charges.
Tear—
Net.
Bat., sur.
1902-03
$6,251,658 $2,120,951 $19,983 $1,101,659 $1,039,275
Report for 1900-01 in V. 74, p. 149, 203, 212.— (V. 78, p. 988, 2598.)
Cincinnati Kin Ho. n 6c Chicago
Projected from Huntington to»Union City, Ind., 70 miles, of which Blufl'ton to Portland,
completed.
In
July,
1904, William 8. Fleming was appointed
29 miles,
receiver; liabilities were estimated at $300,000, mostly secured by
$750,000 bonds held as collateral. V. 79, p. 268, 626. In Anr.,
1905, no plan of reorgan'zation had been formulated.
Stock. $1,125,000, all of one class, issuable at $15,000 per mile; par of shares
$100 each. Bonds, see table above. Pres., S. H. Braoey; Sec. Charles
Blackburn; Treas., John Traise. Office. 616 Tribune Building, Chicago, 111.— (V. 78, p. 1167; V. 79, p. 268, 626.)
Cincinnati Kindlay 6c Fort
Ry.— (See Maps, pages
1554, 1555. )— Owns Findlay, O., to Fort Wayne, Ind., 80 miies;
Cin.
Ham.
link
with
the
also connecting
& D. from Delphos to Cloverdale, 12 miles, completed Oct. 15, 1904, V. 77, p. 88, 694. Leased
Dayton for 99 years from Nov. 1. 1903, with
to Cincinnati Hamilton
privilege of renewal for like periods forever. V. 78, p. 286. Stock,
$1,250,000, all owned by the Cin. Ham. & Dayton, which guarantees
bonds, principal and interest. Mortgage is limited by special agreement to $1,150,000. or about $12,500 per mile. Bonds are subject to
call at 102^ and interest. V. 78, p. 2S6, 342, 701. Form of guaranty,
V. 78, p. 701. For 3 mos. ending Sept. 30, 1904, gross, $44,820 net
$16,198 int. and taxes, $12,685; bal., sur $3,513.— (V.79, p. 2696.)
See Street Railway Sup.
Cin. Georget. 6c Portsmouth
Cincinnati Hamilton 6c Dayton Ry.— (See Maps, pages
1646 and 1547,)—Operates a direct line between Cincinnati and
Toledo, Ohio, with branches.
RR.—
Wayne
&
;
;
,
RR.—
5
&
g.
g.
J.
J.
6g.
J.
5
5
M.
5
4*3
g.
g.
g.
g.
A.
P.
A.
5g. M.
4
See
4 in
4 in
5 in
g.
M.
N. N. Y.,
J.
May
1,
1949
Nat Bk.
Oct.
1,
1919
N.Y., First
Cincinnati.
Q—
4*
5
5
g.
g.
5 g.
4
g.
4
5
4
4
KK.
&
&
&
&
&
J. &
M. &
F. &
A.
J.
J.
J.
J.
Dayton to Delphos,
Trackage
Roads leaded—
Dayton & Michigan
&
Ft.
Home Avenue RR
Dec.24,'03,2%
Apr. 5, '05, 1%
Mar.,
1905,1%
Mar. 4
'05, 1*4
Oct. 1, 1905
Jan. 1, 1937
June
1942
1942
May 1, 1941
July 1, 1954
Jan. 1, 1955
Sept. 1, 1908
New York.
To Apr., 1916
O.
do
Jan. 1, 1911
J.
J. N. Y., Central Trust Co. Jan. 1, 1935
do
do
Jan. 1, 1935
J.
Jan. 1, 1953
N. Y., Hollins <fc Co
J.
Apr.
1,
1,
Cen.Tr.&S.D.Co. Jan.
Nov.
do
do
A. N.Y.. Farm. L. & Tr. Co. Aug.
1,
1,
1,
J. Cinn.,
N
Road owned— (H See this Oo.)Miles.
Cincinnati to Dayton,
Dayton to Dean,
Clncln. Find.
80 Br'dway.
do
do
& J.
Jan. 1, 1949
Philadelphia, Pa.
July 1, 1919
& J.
do
do
& N.
May 1, 1952
& O. Plula., Girard Trust Co. Oct. 1, 1905
do
do
To Aug., 1908
& A.
do
do
April, 1906-10
& O.
& S. N. Y., Tit. Gu. & Tr. Co. Sept. 1, 1933
& N. N.Y., No. Am. Trust Co Nov. 1, 1923
Text.
text.
Off.,
do
1904
J.
do
1904 Q.-M.
do
1904 Q.-F.
7,6,5 A. & O. N.Y., H.B.Hollins&Co.
4iflg. J. & J.
do
do
do
do
5 g. J. & D.
A. & O.
do
do
4
do
do
5 g. M. & N.
do
do
4 g. J. & J.
4»« g. J. & J.
do
do
N^w York.
4»fl g. M. & 8.
—
;
&
5
l
below. Its lines extend from Dearborn Station, Polk Street, Chicago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Cragln, 16 miles, and to South Chloago, 5 miles total, 48 miles; total
track, inoluding 2d, 3d, 4th tracks and sidings, 260 miles also owns
about 1,000 acres of real estate, passenger and freight yds., warehouses,
elevators, etc The Belt Ry. of Chicago leases and operates 82 miles of
the 260 miles owned by the Ch. & W. I., its securities being all held by
the companies leasing the Chioago & W. I.; see V. 60, p. 1058.
Leases.—This company's road and terminals are leased under perpetual contracts to the Wabash, the Grand Trunk West. the Chioago A
Eastern Illinois, the Chioago & Erie and the Chioago Indianapolis &
Louisville, each of which five companies owns $1,000,000 stook. They
are also leased to the Atohison, the Elgin Joliet <fe Eastern and the Belt
Railway. The annual rentals must always exceed by at least 20 per
cent the interest on the bonds outstanding. V. 78, p. 819.
Drvs.— ) '92-94. '95. '96. '97. '98 '99. '00. '01. '02. '03. 1904. 1905.
Percent. $6y'rly. 7^ 6
6 To Apr.,3
Bonds.— The general mortgage bonds are drawn at 105 and interest in suoh annual amounts as will retire the debt by maturity.
Of the consoL 4s of 1902 (authorized issue $50,000,000) $7,132,000
has been sold on aocount of track elevation and other improvements,
$5,050,000 additional were used to refund b«nds canceled by operation of the sinking fund, $9,319,000 are reserved to retire underlying bonds and $28,499,000 for future additions equal to at least
the par value of the bonds issued. V. 75, p. 732, 906.
Annual Report— Fiscal year ends Deo. 31. Report for 1903 was in
V. 78, p. 2439, showing gross income, $l,31r>,582; interest, etc, $998,112; divs., $300,000; bal, sur., $17,470— (V. 80, p. 996, 1234.)
5g. M.
60
176
98
13
1T142
Wayne. ...1180
1916
1942
1948
Proprietary roads—
Miles.
Cincinnati Ind.
Western. ..11379
Cincinnati & Dayton
14
&
Columbu s Flndlav & Northern. 18
Bowling Green RR
Piqua & Troy Branch
Pere Marquette RR
Chic. Cin. & Louisv
21
8
x2,396
x264
3
Total of all...
3,675
x Control acquired in July, 1904. See separate statements.
Has control of the Pere Marquette RR.; also owns Dayton & Union
Jointly with Clev. Cin. Ch. & St. L. and Jointly with Southern Ry. controls Oin. New. Orl & Tex. Pac Ry. V. 75, p. 978.
New Control, Etc.— In Dec, 1904, H. B. Hollins <fc Co. acquired a
majority of the $8,000,000 outstanding common stock. In July, 1904,
the Cinn. Ham. & Day ton purchased $11,000,000 of the #14,145,500
outstanding Pere Marquette common stook. The entire stock of the
Chicago Cincinnati & Louisville has been secured through the issae of
$3,500,000 Pere Marquette collateral trust bonds, guaranteed by the
C. H. & D. See also Bonds below.
The stockholders on Jan. 12, 1905, authorized a lease of the Pere
Marquette RR. for 999 years; the lease of the portion of the
Chic. Cin. & Louisv. located in the State of Ohio and the guaranty of
certain bonds, etc. V. 79, p. 2696; V. 80, p. 162. Under lease of Pere
Marq., the C. H. & D. guarantees 5 p. c. oa common stock, $l2,*-54,& D.
500 of the $16,000,000 outstanding being owned by the C.
Toledo Terminal & Railway bonds, see that company.
Stock.- In 1904 $6,700,000 of the $6,925,500 5 p. o. pref. and $1,072,000 of the $1,074,500 4 p. c pref. stook was purchased by company at $110 and $100 fper share, respectively. V. 79, p. 733, 786,
902, 1461. See notes of 1905 below.
Dividends since consolidation— Nov., 1895, to Nov ,1904. 1905.
Mar., Ik
Preferred, Issued in 1895
5% yearly (Q-F)
On common 2 p. c paid Dec 24, 1903; none since to Apr., 1905.
Bonds, Etc.— The stockholders on Jan. 12, 1905, authorized a new
mort. to secure $50,000,000 of 4>« p c bonds, of which $25,000,000
to be reserved to retire at or before maturity a like amount of existing bonds shown In table (none of which, except the Dayton &
Michigan bonds, can be extended). V. 79, p. 2696; V. 80, p. 162.
The $15,000,000 gold collateral notes of 1905 are secured by an
equal amount of consol. 4>«s, the greater part ($7,772,000) of the
preferred 4 p. o. and 5 p. c. stock of the C. H. <St D , $375,000 bonds of
constituent companies, and 750 shares of Southwestern Construction
Co. stook, representing joint ownership with Southern Ry. of control
of the Cincinnati New Orleans & Texas Pacific Ry. Proceeds used
to fund obligations incurred chiefly to retire pref. stock a nd pay in
part for control of the Pere Marquet e RR. V. 80, p.|l058.
The refunding 4s of 1904 cover all the road directly owned, the
leases of the Dayton & Michigan and Findlay Fort Wayne & Western, and are further secured by deposit of $11,000,000 Pere Marquette common stock and $7,115,800 (entire stock issued) of Cincinnati Indianapolis & Western RR. Of the bonds, $9,977,000 were
sold to provide for purchase of Pere Marquette stock and improvements. V. 79, p. 212; V. 80, 162.
Guaranties.— Guarantees securities of Cin. Ind. & West., Dayton &
Mich, and Cin. Find. & Ft Wayne; also $933,000 Ind. Dec & West. 5e and
$6,000,000 Pere Marquette refund. 4s and $3,500,000 col, trust bonds.
Report.— Fiscal year ends June 30. Report in V. 79, p. 1952.
1902.
1903
1904.
Tear end. June 30—
971
1,015
1.015
Miles operated
$8,272,151 $8,124,021 $7,094,717
Gross earnings
2,204,059
2,528,486
2,210,425
Net income
1,041,466
1,06^,608
1,055,571
Deduot interest on bonds
96,900
96,900
96,900
Div. pref. stock D. & M. RR
84,066
84.066
84,066
Dlv. com. stock D. & M. RR
3,263
4,000
5,000
Div. com. stook Home Ave. RR..
389,225
389,228
389,237
Div. pref. stook C. H. & D.Ry...
(2%) 160,000
Dlv. com. stook C. H. & D. Ry...
126,798
167,322
Div. com. stook 0. I. & W. RR..
H
$1,916,564 $1,614,926
$589,133
$611,922
Officers.— President, Eugene Zimmerman; Vice- Pres., R. N. Young,
Russell Harding; Gen. Mcr., J. A. Edson; Sec and Treas., I. L. Oarroll. N. Y. office. 66 Broadway.
Director! .— Eugene Zimmerman, Lawrence MaxwPll and J. B. Foraker, Clncianati; Chas. A. Otis Jr., Cleveland: Q. M. Cummlng (Chairman). Alfred
SSItt, Arthur Turnbull. James N. Wallace, James Phillips Jr., F. L. Kldndge,
and Richard N. Young, M. Y.; T. H. Tracy, Toledo; Alex. B. Pierce, St. Louli.
-(V. 80, p. 1068, 1U0.)
Merged In June, 1903,
Cincinnati 6c Indiana Western
In Chioago Cincinnati & Louisville RR.— ( V. 74, p. 1 195; V. 76, p. 1247.)
$1,811,134
$399,293
Total
Surplus
1
RR.—
Cincinnati Indianapolis* Western RR. —(See Maps pages
1546 and 1 54 7. )- Hamilton. O., to Springfield, 111., 296 m.; Sidell,
to Olney, 8 m.
ra,; traokxge. West Liberty
1902. V. 75, p. 239, 289, 497. 732. Stock auth.,
$8,200,000: Issued, $7,115,800; all owned by O. H. <fc D which received dividends thereon in 1902-3, $126,798; in 1903-4, $167,322.
111.,
to
West Liberty, 78
A consolidation Sept..
,
—
.
—
;
RAILWAY STOCKS AND BONDS.
Apr.. 1905.]
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of oolumn headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
$100
100
Cin. X. O. <t Tex. Pac. Jc.-Com. stock, $3,000,000.
Pref. stock, 5 percent, cum., $3,000,000
Equipment bonds, due about $85,000 seml-ann.
Omcinnati Northern— 1st M„ $3,000,000, g.G.C&r
Oin.
Richmond
dearfield
<6
Ft.
W-
1
86
st mort., gold, Int. gu.o*
Mahoning— Stock, 6 per cent
<£
rental..
"*26
O.0*<Scr
1st mortgage, gold, guar. B. R. <&P
OUvel'd Akron <& Oolumb.— Stock, $1,000,000
177
1st consol. M., $4,000,000, < guar., p. & 1.. end- 188 \
not guaranteed
(
gold, sinking fund
Cleveland Cincinnati Chicago & St. Louis—
Common stock (to be $40,000,000 authorized) ..
Preferred stock, 5 per cent, non-cumulative
lib
O. I. St. L. AC. con. M. .drawn at 105, s.f.l p. o.o"
Gen. mortgage (now
g
1st,)
'
Gen. IstM.. $10,000,000
g., s.f.
not dr'n.Co.o&r
Cleve. Col. Cin. & Ind. Consol. mort. (see text) . .
Gen. consol. mort. ($12,000,000) gold..U».o*<fer
Indian & St. L. 1st M., in 3 ser. of $667,OOO.Us.o
o.
2d M. ($2,000.000), gold, Indlanap. to Terre
CI. Cin. Ch.&St.L., White Wat. Val. Div, 1st, g.Ce.o"
Spr. & Col. Div. (Col. Sp. &Cin.), 1st M., g.Ce.o*
Cairo Division 1st M., $5,000,000, gold ..Ce.o"
St. L. Div., coll. tr.,g. ($351,000 in s. f.)Ce.c&r
Cin. Wab. & Mich. Div. 1st mort., gold.. Us.o'
391
391
72
72
62
45
267
194
203
H
Gen. mort. lOOyearfor $50,000,000 g.UIe.o'&r 1,021
Obligations for Proprietary Lines.
Cincinnati Sandusky & Cleveland— Pref. stock. ..
Consol. (now 1st) M. ($3,000,000) gold. ..AB.O
Oent'l Indiana, 1st VT., $4,000 000, g guar.Ce..
Ch.I.& St.L.8.L.,lst M., $3,000,000 g.gu.Ce.c'ir
Springf. Union Depot, 1st M., $300,000, guar.Ce
Louisv. & Jeffersonv. Bridge 1st M.— See that Co.
170
125
45
,
1904
1901
1871
1,000
1,000
1,000
1893
1,000
50
100
1887 500 Ac.
1900
1,000
1900
1,000
50
1888
1903
1903
1905
1,000
1.000
1,000
,
;
Cincinnati Inter-Terminal Kit, -Owns a road connecting
and passenger depots and stations of the various steam roads
entering the city of Cincinnati. Controlled by Chesapeake & Ohio Ry.
Common stook, $10,000, In $100 shares, issued for purpose of control.
There will be issued $1,000,000 of 1st preferred ~4% stock, secured
by mortgage to the Union Savings Bank
Trust Co. of Cincinnati, as
trustee, on land and 1,226 feet of track.
The rental for the latter unNat-hville and Cinder lease to the Chesapeake & Ohio, Louisville
cinnati Hamilton & Dayton covers the interest on the stock. V. 79,
p. 212. President, Geo. W. Stevens— (V. 77, p. 450, 510; V. 79, p. 212.)
Cincinnati Lebanon 6c Northern Hy,- Owns Cincinnati, <>., to
Dodds, 38 miles, including 6 miles from Lebanon to Dodds, leased to
the Dayton Leb.
Cin RR; Middletown Jet. to Middletown, O 14
miles (former Mid. & Cin. RR.. taken over Jan. 1, 1903); total. 5 2
miles. Stook authorized, $1,500,000: outstanding, $993,000, mostly
owned by Penn. Co. V. 75, p. 980. Of the $1,500,000 first oonsol. 4s
of 1902, guaranteed prinoipal and Interest by the Pennsylvania Company, $200,000 are reserved to retire the 5s due 1916. V. 77, p. 86.
Report for 1902, V. 77, p. 86. Cal. year, 1904, gross, $250,672; net,
$56,273; charges, $52,442.- (V. 77. p. 86.)
Cincinnati 6c Muskingum Valley
(See map of Pittsburg
Cincinnati Chicago <t St. Louis.)— Owns Morrow, Ohio, to Trinway, O.,
148 miles; half interest Zanesville Terminal RR., 5 miles, V. 77, p. 86.
Successor Aug. 1, 1898, to Cincinnati <fe Muskingum Val. Ry. foreclosed. V. 67, p. 27. Of the bonds $400,000 are reserved for future
needs; sinking fund retires yearly one per cent of those outstanding,
if offerred at par or less.
The Pennsylvania Company guarantees the
bonds, principal and interest, see form of guiranty, V. 76, p, 653.
Stook, $2,000,000, all owned Jan. 1. 1905, by the Pitts. Cin. Chic & St.
Louis Ry. Dividends: 1900, 6 p. c; 1901 to 1903, lncl., 2 p. c. yearly.
Pennsylvania RR. owns $1,318,000 of $1,600,000 bonds. Car trusts,
$179,181 3*38, payable $22,400 yearly to June, 1912.
Tr.end. Dec.3l.
Gross.
Net.
Interest.
LHvidends.
Balance.
1904
$704,371
$137,621 $64,000 (2%) $40,000 $33,621
1903
746,628
170,773
64,000 (2%) 40,000
66,773
1902
645,256
123,374
60,000 (2%) 40,000
23,374
Payments in addition to above in 1904 were $13,156 for additions,
improvements, old accounts, etc. (agst. $49,231 in 1903), and $17,916
on account of oar trusts and other interest.— (V. 79, p. 149.)
Cincinnati
Orleans 6c Texas Pacific Ry.— (See Map of
Southern .Ry.)— Operates Cincinnati Southern Ry., owned by oity of
Cincinnati, Cincinnati to Chattanooga, Tenn., 336 m.; trackage, 2 m.
in Jan., 1903, the entire stock of the Harriman
Northeastern Ry.,
2 2 miles, was acquired, but road is operated separately. V. 77, p. 1743.
In 1901 lease was extended 60 years to Oct. 12, 1966; rental until
Oct. 12, 1906.was modified beginning July 12, 1902, to $1,050,000
yearly, the remaining $50,000 per quarter to be deferred as it accrues
and to be paid quarterly at rate of $40,000 yearly, with Interest on
deferred payments at 3 per cent; rental under renewal to be $1,050.00
a rJ& for first 20 years, then $1,100,000 for 20 years, thereafter
2
$1,200,000. V. 73, p. 722; V. 74, p. 1251.
Pref. stock, 5 p. o. oum.,
witfi no voting power, but prior rights on dissolution-V.
74, p. 528, 829.
I I
K D ~ ° n Dref > 1]4 P- c.paid quarterly Sept. 1, 1902, to Mar..
.«&
7
?
.
i»oo, both Inclusive. On common. 2 p. c, paid Dec. 1, 1903, out of accumulated earnings to June, 1903; Sept. 1. 1904. 2 p. c. V. 79. p, 626.
Car trusts Jane 30, 1904, $41,435. In Mar., 1904, $1,200,000 equip
ment bonds were tesued. V. 78, p. 1391.
Stock.- Common, $3,000,000, controlled in interest of Southern Ry.
and Cinoinnati Hamilton & Dayton Ry. V.61, p. 26; V. 65, p. 1173.
LATEST EARN8.-8 mos., < 1904-5. .Gross, $4,845,118; net, $1,124,469
July 1 to Feb. 28.
$1903-4.. Gross, 4,457,863; net, 1, 023)2 46
AL REp ORT.-Report for 1903-04 was in' V. 79, p. 2143.
«"»». $6,768,744; net, $1,597,421 (against $1,506,015 in
tn r ^oome $24,058; rentals, $1,166,931; improvements,
):
*Qno"^« ^, ^
* 100,00 ° balanC6 8UrPlU8 '
freight
&
&
&
,
RR.—
,
New
&
^
-
v^T
*°A,
SSt^-l^J&ffihgfitft
:
'
ClnclnnaU Northern KH.-(See Map Cleveland Oin. Chicago A
8
ran £" n .O.. to Jackson, Mich., 208 miles; trackage (O.
£ ni~Z?
CO.
Franklin to
& St. YL.). £
v
u
ee8 8° r ln
n,l fH
»i C
°*
S
£«
„
Jun
Cinoinnati, 38 m.; at Jackson,
97, of Cincinnati
^118
'^ 72 p 338 1034
rTJ^
i7; c n c h
SS.
f i iQ r
105,387.
-
'
* 8 *; rTL
>
'
I
m
Jackson & Mackinaw, fore1135 V. 73, p. 31. The hold-
-
-
6
5
428,997
2,571,000
1,500,000
3,000,000
M.
g.
J.
4g. M.
4g. A,
4g. J.
(D
Sept. 1,'04, 2%
Mar. 1, '05,11*
Co. Se.'05-Mar.'ll
N. Y., Guaranty Tr. Co. July 1, 1951
N. Y., Wlnslow, L. & Co. June 1, 1921
Cincinnati.
New York,
do
Blair
&
Checks mailed.
Jan. 1, 1905
N. Y., 36 Wall Street.
Jan 1, 1943
Checks mailed.
Mar. 25, '05, 1
Hamilton Tr., B'klyn. Mch. 1, 1927
N. Y., Winslow, L.& Co. Aug. 1, 1940
do
do
Aug.
1940
1,
&
&
&
&
*
N.
J.
N.
O.
do
do
do
do
York,
do
3%
1, '05,
Jan.
Nov.
Apr.
New
J.
May
Jan.
1,
1,
1,
2,
1928
1953
1953
1955
$40,415; bal., sur., $31,989. In year ending June 30, 1904, gross,
$737,142; def. under oper. exp , $43,834.
Prest., M. E. Ingalls. See report, V. 70, p. 581.— (V. 80, p. 1362).
Richmond 6c Fort Wayne RR.— Owns from Rich-
Cincinnati
Adams, Ind., 86 miles; leases 5 miles of P. F. W. & O.
operated (Tuly, 1904), by Grand Rapids & Indiana Ry.
Interest Is guaranteed by the Pennsylvania Co.
Rental, net earnings.
and Pittsburg Cin. Chicago & St. L. Co. jointly (the P. 0. 0. & St. L.
taking the plaoe of the Cin. Hamilton & Dayton In 1888). Stook, $1,709,313—par. $50, of whioh Penn. Co. Jan 1, 1905, owned
$1,256,900. Due guarantors Oot. 1, 1904, $1,465,570.
Net.
Interest,<6c.
Balance.
Tear end. Dec. 31. Cross.
1904
$76,367
126,000
def.$49,633
$605,321
1903
604,342
70,378
126,000
def. 55,622
Cin. Rich. 6c lUnnele.— See Chic Oin. & Louisv. RR.
Clearfield 6c mahoniDg W,y.—(SeeMapBuf. Roch. d&Pitts.)—Ovf ns
road, completed in 1893, from Du Bois Juno, Penn.. on Buff. R. & P.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester & Pittsburg—
whioh see at a rental payable in gold and equal to 6 per cent on
$750,000 stock, par $50, and 5 per oent on bonds, the latter being guar,
p. & i., by indorsement on each.— (V. 61, p. 710.)
mond,
Now
Ind., to
—
Cleveland
6c Colambns it all way.— Owns from Hudson, O., to Columbus, O., 144 miles; Dresden branch, Kilbuck to Trinway, 33 miles; Apple Creek branoh, 9 miles; ooal spurs, 11 miles; total
owned, 197 miles; trackage Trinway to Zanesville, 17 miles. Owns a
Barberton Belt RR., 24 miles. V. 76, p. 435.
fourth Interest in Akron
Penn. Co. took oontrol June 1, 1899, purchasing $2,237,500 of the
£4,000,000 stock (par $100) . Dividends, 2 p. c yearly, paid Sept.,
1901, to Mar , 1905 (M.-S.). Of the 1st consol. gold 4s of 1900 (Commercial Trust Co. of Philadelphia, trustee), $1,023,000 are guaranteed prinoipal and interest by the Pennsylvania Company, $1,800,000 are reserved to retire the general 5s due 1927; V. 71, p.
390; V. 76. p. 653; V. 77, p. 1746, 2280. Report for 1903 in V. 78, p.
2595. In 1904, gross, $1,577,296; net, $277,830. In 1903, gross. $1,629,297; net, $372,796; other income, $6,506; interest on bonds. $160,380;
div. (2 p.c) $80,000; bal., sur., $138,922.-(V. 78, p. 2383, 2595.)
Cleveland Cincinnati Chicago 6c St. Louis Rj.—(8ee Map.)—
Road.— Radiates from Indianapolis, Ind., westerly to Chicago,
Peoria, Cairo, m., St. Louis, easterly to Sandusky, Cleveland.Columbus and Cincinnati, O., and southerly to Louisville.
Owned directly
Miles,
Leased ond controlled.
Miles.
Cleveland, 0.,to Columbus, O.. 138 Cincinnati & Springfield Ry.—
Gallon, O., to Indianapolis
Lud.G've(6m.fr.Cin.)toDay'n 48
203
Delaware to Springfield
50
a No debt, or bonds all owned.
Cinoinnati to Lafayette
175 Colum. Hope & Greensb'g RR.— 26
Indianapolis to Terre Haute. ...72
Trackage into Cincinnati, &o. 32
Harrison Branoh
....
7 Trackage into Jefferson ville. > 0B
«Q
Leased—entire st'k owned
B.
<
O. S.
Cincin. Lafayette & Chic Ry.— 57
Total included In earns. . . i ,«y 1
Cairo Vinoennes & Chic Ry.—
Operated; earns, kept separate—
Cairo, 111., to Tilton & branoh. 267 Peoria & East'n Ry
ff351
St. Lou. Div. T. H. to E. St. L.193 Cinoinnati & NorthernJ
TT248
Columbus Springfield & Cin.
Kankakee & Seneoa RR.—
42
Columbus, O., to Springfield.. 45 Mt. GUead Short Line
2
M
(*Tiite Water— Harrison, Did., to
Louisv. & Jeffersonv. Bridge
A3
Akron
&
—
—
&
W
Hagerstown, Ind
62
Total of system Dec 31, '04. 2, 536
Wabash & Michigan Ry.—
Benton Harb. to Rushv. & Br.249 Traokage 1)1. Cent. Into Chic.. *
On percentage basis
$
Other lines (a)
44
Operates independently
Cincin. Sandusky & Cleve. Ry.—
Cin.
Dayton & Un. RR. (H)
Double track
If See this oompany.
45-mile cut-off between Hlllsboro, 111., and Mitchell, near
Sand'sky, O., to Dayt'n, O.eto.170
A
168
St.
Louis,
under the charter of the Chicago Indianapolis & St. Louis Short Line
was completed in Sept., 1904. See General Finances below. V. 75,
In Sept., 1904, a trackage
p. 1086; V. 77, p. 517; V. 79. p. 785, 1331.
arrangement was made with Hooking Valley Ry. for use of latter's
tracks between Toledo and Carev, 50 m'les, affording through line between Toledo and Cincinnati. V. 79, p. 1023, 2696. As to Central
Indiana, 137 miles, see that Co.
History, Etc.—A consolidation of the Cincinnati Indianapolis St.
Louis & Chicago Railway Company, the Cleveland Columbus Cinoinnati & Indianapolis Railway Company and the Indianapolis & St. Louis
Railway Company, made In July, 1889, per plan in V. 48, p. 427. Of
the common stock, $11,225,400 was on Jan. 1, 1904, owned by the
Lake Shore & Mich. So. Ry., this amount, together with the private
holdings in both stocks by the Vanderbilt family, being, it is understood, a majorityof the entire share capital. V. 72, p. 86.
The company is also one-fourth owner of Peoria <fc Pekin Union Ry.,
(through the Peoria & East. Ry.), one-fourteenth owner in Terminal
RR. Ass'n of St Louis and two-fifths owner of Indianapolis Union Ry.
and part owner of Central Indiana Ry., Central Union Depot & Ry. of
Cincinnati. Union Dapot of Columbus, Davton Union Ry., Dayton &
Union RR.. Muneie Belt Ry. and Findlay Belt Ry., which are operated
independently.
:
are vaJu ed in balance sheet of Dec. 31,
1904, at $1
V. 75. p. 454, 457. Stock, $3,000,000
For six
months ending Dec. 31, 1904, gross, $380,240; net,
$72,404; charges,
-
$3,000,000 See text Text.
2,000,000 5 in 1904 Q.-M.
M. & S.
1,020,000
5
J. <te J.
4
1,000,000
1.800,000
7 g- J. & D.
J. & J.
750.000
6
5
J. & J.
650.000
4,000,000 2 in 1904 M. & S.
1,800,000
g M. & S.
? g. F. & A.
4
1,023,000
723,000
4g. F. & A.
?*
&
;
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Cent.
Dividend.
Q—
&
;
1549
100 See text.
4 in 1904 M. & S. N.Y..J. P. Morgan & Co Mar. 1, '05, 2%
J.
do
do
Apr.20,'05,li4
100 10,000,000 5 in 1904
M. & N.
do
do
1880
May 1, 1920
1,000
654,000
6
Q.-F.
do
do
1886 l.OOO&e
Aug. 1, 1936
4
7,536,000
g.
do
do
June 1, 1914
1874
1,000
4,138,000 7 or 6 g J. & D.
do
J. & J.
do
1884
Jan. 1, 1934
1,000
3,205,000
Various
do
1869
do
July 1, 1919
1,000
2,000,000
do
do
Nov. 1, 1913
1882
1,000
500,000
6g. M. & N.
do
July 1, 1940
1890
do
1,000
650.000
4 g. J. & J.
M. & 8.
do
4
do
Sept. 1, 1940
1890 500 <feo.
1,103,730
do
4 g- J. & J.
do
Jan. 1, 1939
1890
1,000
5,000.000
M. & N.
do
Nov. 1, 1990
1890 l,000&c 10,000,000
4
do
do
4 g- J. & J.
do
July 1, 1991
1891
1,000
4.000,000
J. & D.
do
do
4
June 1, 1993
1893
1,000 19,749,000
Bonds.—The "first and refunding" 4s of 1902 ($8,200,000 authorized issue) are guaranteed, principal and interest, by C. H. & D. by
endorsement on each; $4,722,000 were Issued in exchange for existDayton treasury
ing bonds, of whioh $50,000 in the Cin. Hamilton
$3,478,000 are reserved to retire Ind. Dec. & West. 5s. V. 75, p. 1201,
1353; V. 77, p. 1290; form of guaranty, V. 78, p. 2011.
The I. D. <fe W. bonds are redeemable by lot at 110 at anv time on
Dayton.
eight weeks' notice; $933,000 are guaranteed by Cin. Ham,
Car trusts Sept. 30, 1904, $50,000 5 per cents, maturing in series to
Aug., 1905, inclusive, and $192,000 4 p. o. equipment notes, due
yearly to 1911, inclusive, interest M.&N.
Earnings.— For 3 mos. ending Sept. 30, 1904, gross, $640,017; net,
$221,880 interest, $74,625 taxes, $20,670 bal surplus, $126,585.
Year ending June 30, 1904. gross, $2,163,198; net. $520,169; taxes,
$82,869; Interest on bonds, $269,1.78. -(V. 79, p. 2696.)
£
—
1, 1890, the common stock was $20,500,has been inoreased io acquire stooks of line* absorbed, etc
Capital Stock.— On Jan.
000;
As
It
to Increase in 1905, see
General Finances
below.
1550
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
..
;
RAILWAY STOCKS AND BONDS.
ArR., 1905.]
RAILROADS.
Miles
Date
Size,
or
of
Par
For explanation of column headings, &o., see notes of
Road. Bonds Value
on first page of tables.
Oleve. Oolutnb. Oin. dt Indianap.—Oleve. Indianap.
Cleveland Lorain dt Wheel.— Pref stook $5,000,000.
o*
Consol. mort. (now 1 st) g. See text . V
General mortgage, $1,000,000, gold, red. 105. N..
Oon.ref. M., $10,000,000, g., red. at 102i«.Col.o*
CUv. dt M. V.— Con. M. (now 1st) $3,000,000,g. Ce.c&r
CUv. dt Mar.— 1st M., e. f., not dr*n, gold. guar.F.c*
Oleve. <6 Piltsb.— Stock, 7 p. o. guar, by Penn. RR.Co
Speolal betterment stook, $10,738,135, guar. 4%
.
St.
dlOhic.
1902
'D"F.
1,000
&A.
1905
Mar., 2
00003
)33300
SJ' 555
55553i*4 44
55
Columbus
The
ToApr.,2i 2
2*3
5
Cinsinking fund provision of the Cleveland
cinnati dt Indianapolis consol. bonds (stamped) has been canceled. The
in
the
interest
is
is
payable
gold,
but
payable
these
bonds
principal of
at option of holder either inlawful money at 7 per oent per annum or
In British sterling at 6 p. o. Of the Indianapolis dt St. Louis first 7s
series " A" are J. & J.; series " B," M. & 8.; series " C," M.& N.
St. Louis Division bonds, see deed of trust V. 52, p. 42-45.
As to the Cincinnati Wabash dt Mich. 4 per oents, see V. 52, p. 718.
The 100 year mortgage of 1893 is limited to $50,000,000. In Aug.,
1904, $22,503,000 general 4s were reserved for prior liens (exclusive
of Cairo division, Peoria division, Michigan division and the St. Louis
division west of Terre Haute), and $7,748,000 for equipment, construction and betterments, eto.. $1,000,000 yearly. See V. 78. p. 1446;
V. 79, p. 733. Guarantees Chicago' Indianapolis & St. Louis Short Line
Ry., Central Indiana Ry. and Springfield Union Depot Co. bonds. V.
77, p. 510, 517, 769, 1363, 2280; V. 78, p. 1906, 1961; V. 79, p. 2589.
General Finances.— Guarantees interest on Louisville & Jeffersonvllle Bridge bonds jointly with the Ches. <s O. V. 68, p. 822. On June
80. 1904, owned stook in Chesapeake & Ohio representing an outlay of
$2,453,569, Cincinnati Northern RR. securities costing $1,105,387
and an interest in the Central Indiana Ry., oosting $430,027. V. 71,
V. 77, p. 517; V. 79, p. 912.
p. 398 V. 75. p. 455
The stockholders will vote May 31, 1905, on increasing the common
stock from $28,700,000 to $40,000,000. Of the $11,300,000 new
stock, $5,600,000j will be offered to stockholders pro rata at par to
provide for improvements and additions, balance to be held for future requirements. V. 80, p. 1423.
Latest Eabnings.— From Jan. 1 to Feb. 28:
5
Bonds.—
;
2mos.—
Net.
Cross.
lnl.,dtc.
Bal., sur.
def. $129,326
$511,034
$640,360
$3,110,591
def. 323,722
2,833,227
299,448
623,170
Report.— Flsoal year has been changed to end Dec. 31. Report
for 6 months ending Deo. 31,i,1904, was in V. 80, p. 1358. Report for
1903-04 in V. 79, p. 899, 911. See also editorial, p. 878.
/— 6 mos. end. Dec. 31.—\ /—Tear ending Dec. 31.—,
1904.
1903.
1904.
1903..
Miles operated
1,891
1,891
1,891
1,891
Passenger earns
$4,480,037 $3,405,778 $6,378,877 $5,778,490
Freight
6,810,028
6,848,385 13,053,864 13,234,298
Mail, express, eto....
851,223
815,969
1,637,213
1,377,973
1905
1904
Total earnings.
Oper*g exp.
.
& taxes.
Net earnings
Total net income
Interest on bonds...
Rentals, eto
Dividends on pref...
Dividend on com. . .
Freight oars, eto
$12,141,288 $11,070,132 $21,069,954 $20,390,761
8,701,662
,8,535,611 16,730,225 15,669,431
3,439,626
3,439,626
$1,382,172
152,734
(2l 2 )249,963
(2)559,806
1,000,000
$2,534,521 $4,339,729 $4,721,330
$2,534,521 $4,506,679 $4,874,041
$1,344,517 2,698,694 $2,683,385
121,169
168,527
160,678
(21 2 )249,963 (5)499,925
(5)499,925
(2)559,806(4)1,119,612(4)1,119,612
311,261
(?)
Balance, sur....
$94,951
$259,066
$19,920
$99,180
Officers.— President, Wm. H. Newman, New York; Vice-Presidents,
E. V. W. Rossiter, W. C. Brown, John Carstensen and G. J. Grammer
Secretary, E. F. Osborn, Cincinnati, O.; Treasurer, Chas. F. Cox, New
York; Auditor, P. A. Hewitt, Cincinnati, O.
Directors— William K. Vanderbllt, Fred'k W.Vanderbilt. Channcey M. Depew
J. Pierpont Morgan, H. McK. Twombly, James D. Layng, William H. Newman, Walter P. Bliss, of New York; Alexander McDonald and Melville B. Ingatls, Cincinnati: James Barnett, Cleveland. O.
-(V. 79, p. 1023, 1331, 2147, 2696; V. 80, p. 599, 1358, 1423.)
Cleveland Lorain
Wheeling Ry.— (See Map B. dt O.)— Owns
from Lorain, O., to Bridgeport,©., opposite Wheeling, W. Va., 158 miles;
Lester to Cleveland, 28 miles, and branch to Bellaire, O., 6 miles;
total, 192 miles, and has trackage into Wheeling.
As to improvements completed in 1905, see V. 80, p. 1174.
History.— Operated by the Bait. & Ohio, whloh owns about 75 per
&
cent of the stock. See that company and V. 72, p. 480; V. 73, p. 236.
8TOO -Common, $8,000,000, and pref. non-oum., 5 p.c, $5,000,000,
JA AfterS p.o.on
par $100.
each, both stocks share alike.— V. 60, p. 1058.
r>IV
D8 0n Preferred in 1896, 3 p. c; Dec. 15, 1904, 2*a p. o. in
1> r
r p. o. V
Mar., 1905, 2i«
80, p. 1058.
BoND8.-Of the $10,000,000 consol. refunding gold 4^8, $5,000,000
are reserved to retire first 5s, $1,000,000 for general 5s due June 1,
l?36, remainder for improvements, e to. V. 70, p. 230, 480. About $1,000,000 consol. 5s of 1893 are stamped subject to oall at 110.
report.— Report for year ending June 30, 1904, was in Chron. Jan.
28, showing gross, $2839,776; net, $537,097; other income, $2,898;
charges, $425,106; balanoe, $114,889.— (V. 80, p. 1058, 1174.)
Cleveland* Mahoning Valley Ry.—Owns from Cleveland,
O., to Sharon Pa., 81 miles [57 double track]; Nlles.
O., to New Lisbon,
a.and branches, 44 miles. Leased to Nypano RR.
(formerly N. Y.,
Penn. & Ohio) till 1962 rental $525,967 per annum. Coupon interest
e s t e ed nt8re9t 9-" J
8t°ok is $3,259,200, of which
Lo
oVo oi A Fis ?
J l
l
held
$2,258,250
by ..
"Atlantio First Leased Lines Rental Trust Co.,
Limited," of London. Dividends in 1897, 13%
o.; 1898 to 1904,
?^
;
;
-
'
,
both inoluslve,
13^
p. o.
-
yearly.— (V. 63,
p.
p. 968.)
St.
2,500,000
g
£
4,298,000
g
600,000
i
9,151,000
4g.
1,000,000
5 g.
8,500,000 See text.
8,500,000
19,103,000
4g.
4ifl g.
See text.
231,382
5
1,350,000
5
5
1,896,000
244,000
5
1,285,000
5
4
4,500,000
899,000
3
700,000
5
Com..
;
&
ic.
1900
1,000
1903
1,000
1868 100 &c.
1897
1,000
1904
1,000
100
1882
100
1899
1,000
1905
00'03
1904
1,000
1900
1,000
1901
1.000
1902
1,000
1903
1,000
1887
1,000
1898
1,000
DrV8.-'91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 1904
Pref.. S
CH
1893
1,000
1896
1,000
1900
1,000
1888 l.OOO&c
1895
1,000
30
50
202 1892
1,000
98'00
202
1,000
202 1892
1,000
Gen. M., $10,000,000 ,F,
Series
Guar. p. & 1. (end.) Pa. RR. ^ ger B
red
Cleveland Terminal dt Valley— Bee Balt. & Ohio.
200
M.,
gold,
$2,500,000
o*
Coahuila dt Po«i/«<s-l8t
Coal dt Coke— 1st M.,$10,000,000, gold
"is
Oolebrookdale— lstM.,$593,400,und.Read.M.of96e
259
Colorado Midland— 1st mort., $10,000,000. Ce...O*
51
Color. dt Northwestern—1st M. ,$1,000,000, g.Us..
Colorado dt So.— let pref., 4% non-oum., $8,500,000
2d pref., 4 per cent, non-oum., $8,500,000
o* 1,062
let mortgage, gold, $19,853,000. Ce
Refunding mortgage, $100,000,000, g., red. 101.
Car trust notes Jan. 1, '05, due monthly, red.par
Coll. tr. eq. notes, due quar., redeem. par..SSt...
75
Col. Sp.dtOr. Or.D. Ry.— IstM. $2,000,000,g.s.f.Ce
75
2d mortgage, $1,000,000, gold, sinking fund
1st consol. mortgage, $3,600,000, gold.Mo.c&r.
Colorado^ Wyoming Ry.—1st M., $7,500,000, gMe in
75
Col. Newb. <& Laurens— 1st M., $12,000 p. m.SBa.
70
Columbia Southern—1st M., gold, $2,100,000. N...
Southern
Rt
Greenville—
See
d
Columbia
Columb. dtL. Mich.— IstM.. g., $20,000 p. m.No.*c
y "C"M. & N.;
x Series "A" J. &. J; "B" A. & P.;
^
ClN.
Bonds- Prinoi"
INTEREST OR DIVIDENDS.
pal.When Due*
Rate Per When Where Payable, and by Stocks—Last
Payable
Whom.
Cent.
Dividend.
$5,000,000 See text.
5,000,000
g
£
893,000
5 g.
950,000
4!*g.
2,935,000
5 g.
4iflg.
1,250,000
11,247,593
7
4,043,100
4
4*3 g.
4,561.000
3ia g.
4,990,000
Sisg
439,000
192
192
192
125
103
%$%";$
Outstanding
—See C LEV.
$100
»m
^U
L
Amount
1551
-
Louis.
See text
& O.
J. & D.
J. & J.
See text
M. & N.
A.
Q.-M.
Q.-M.
A.
-
F.
-
A.
J.
J.
J.
A-
&
N.
&
S,
York, 2 Wall
do
8t.
Mar.20,'05,2ia
1, 1933
1, 1936
Jan. 1, 1930
N. Y. .Winslow.Lan. &Co. Jan. 1, 1938
N. Y.. Farm. L.
T. Co.
1, 1935
N. Y. Winsio w.Lan. &Co. Mar. 1, '05,
do
do
Mar. 1,'05,
do
do
&
do
do
do
Oct.
June
do
do
do
May
1%
1%
Jan.-Oct.-'42
1948-1950
1, 1943
Oct.
Aug.'02 1 not pd.wh. due
Elkins, W. Va., or Bait.
Phila.,Read. Co. Office.
N. Y., Central Trust.
1st coup, due July, '05
N. Y., Hallgarten & Co.
1, 1930
1, 1919
1, 1898
July 1, 1947
July 1, 1954
Apr. 1, '04,
N. Y., Central Trust Co.
Feb. 1, 1929
See text.
Sept. 1, 1922
Feb.
Apr.
June
2%
New York.
May 1, 1935
To May, 1908
New York.
Q.-M.
To Dec, 1915
J. & J. N.Y., Ch. Bk. & Col. Sp. Jan. 1, 1930
& O. Int.Tr.Co.Den.&Col.Sp. Apr. 1, 1921
& O. N. Y.. M. Tr.,&CoLSp. Oct. 1, 1942
& S. N. Y., 26 Broadway. Mar. 1, 1953
& J. Safe Dep.&Tr.Co..Balt. July 1, 1937
& D. N.Y.,N.Y.Seo.&Tr.Co. Deo. 1, 1948
M.
800.000
x
& O.
& A
& O
& D.
& J.
& J.
& O
& A.
New
&
Marietta Ry.— Owns from Marietta, O., to Canal
Cleveland
Dover. 103 miles, and branch 7 miles, Zoar, O., to Canal Dover, leased.
Stock, $2,000,000, of which the Pennsylvania Co. Jan. 1, 1905, owned
$1,786,100 (par $100), surplus earnings over oharges being turned
over to C. & M.
Bonds.— Guaranteed prln. and int. by Penn. Co. Sink, fund 1 p. o.
Earnings— Report for 1902 in V. 77, p, 87. In 1904. gross, $828,071;
net, $181,142. In 1903, gross, $783,708; net, $164,938; other income,
$801; int. on bonds, etc., $142,233; bal., sur., $23,506.— (V. 77, p. 87.)
Cleveland Sc Pittsburg RR.— (See Map Pennsylvania Railroad.
Cleveland, O., to Roohester, Pa., 124 miles; branches—Bayard, 0.,to New
Philadelphia, 31m.; Yellow Creek to Bellaire, 43 m.; other,3m.; trackage, Rochester to Pittsburg (Pltteb. Ft. W.& Chic), 26 m.; total, 227 m.
Lease— Leased for 999 years, Deo. 1, 1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. o. on $11,261,865 stook.
Interest on bonds and organization expenses. "Special guaranteed
betterment stock" (subordinate to the original stock as to dividends
only), with dividends of 4 p. o. guaranteed by Penn. RR. is issuable for
improvements. V. 79, p. 2205, 2642.
Bonds.— Generals are all equally secured; guaranty. V. 56, p. 604.
Earnings.— In 1904 gross earns., $7,217,193; net, $2,433,753; profit
to lessee was $1,110,697— (V. 79, p. 2455, 2587, 2642, 2795.)
Cleveland Terminal Sc Valley KK,-fe Map Baltimore <S
Ohio.
Owns from Cleveland, Ohio, to Valley Junction, 75 miles;
branches, 7 miles; yard track and sidings, 87 miles.
Stock—Of the $5,200,000 common (par $50) B. & O. owns $4,594,300
common and of the $1,822,200 preferred, $949,200; par $100.
Bonds—The first mort. bonds are guaranteed, principal and interest,
by the B. & O., endorsed. Car trust lease warrants (5s), $138,000
due $27,000 May 1 yearly to 1909, inclusive.
Report for year ending June 30, 1904, was In V. 80, p. 468, show
ing gross, $1,019,809; net income, $211,661; interest, etc, $269,055;
deficit, $57,394.-(V. 76, p. 209; V. 80, p. 468.)
Coahnlla Ac Pacific Ry.—Saltillo to Torreon, Mexico, 200 miles;
completed Aug., 1902. On Aug. 10, 1903, John W. Hardenburg of
Jersey City and Luoian T. Ross of New York were appointed reoeivers.
Control acquired in 1905 by Mexican Cent. Ry. V. 80, p. 1478. V.
79, p. 786. Stook, $1,500,000; par, $100. (V. 80, p. 1478.)
Coke Ry.—Projected from Elkins, W. Va., to Charleston,
Coal
W. Va., about 180 miles, of which Charleston to Gassaway, 92 m., are
in operation; the balanoe is to be completed In the spring of 1905;
of this 28 m. were operated in Sept., 1904. About 100,000 acres of
ooal lands are owned along the line of the road. Stock authorized,
$10,000,000; outstanding April 1, 1904, $4,118,800. The mortgage
covers the road and coal lands; V. 78, p. 47. Year ending June 30,
1904 (64 miles), gross, $282,985; net, $97,426; total deductions, $185,560; bal., def., $88,134 Pres., H. G. Davis. Elkins, W. Va.; Treas.,
Arthur Lee, Elkins, W. Va.; Sec, O. M. Hendley, Washington, D. 0.—
&
(V. 78, p. 47.)
Coal River & Western Ry.—V.
Oolebrookdale RR.— Pottstown
Leased to Phila.
&
79, p, 2147.
to Barto, Pa., 12*84 miles.
Reading Ry. Common stook, $297,215; par $50.
Colorado Midland Ry.—Owns from Colorado
Springs to New
Castle, Col., through Busk-Ivanhoe tunnel, 234 miles, including Snowden to Leadville, 8 m., not operated; Jerome Park branch, 15 miles;
Aspen branch, 18 m.; total owned, 267 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, 344 miles.
Organization.—Successor Oot., 1897. to the Colorado Midland Railroad, foreclosed and reorganized per plan in V. 64, p. 1224, 1228.
In May, 1900, a majority of stook was purohased in the Joint interest
of the Colorado & Southern and Denver & Rio Grande. V. 70, p. 686,
791, 997, 1290; V. 71, p. 28; V. 73, p. 1111. No stock is held by the
public Pref. $6,000,000; common, $4,000,000.
Bonds.—In June, 1900. the $6,250,000 2, 3, 4s were made full 4 per
oent bonds, and the right to issue $500,000 prior lien4s was waived;
V. 70, p. 1290; see also V. 71, p. 139.— (V. 72, p. 821.)
Trs. end. June 30— Cross.
Net.
Misc. inc. Oharges.
Balance.
1902-3
$1,962,645 $336,640 $41,408 $466,040 df.$87,992
1901-2
2,162.286
492,866
sur.
20,023
41,615
514,458
Officers.— President, Frank Trumbull; VIoe-Pres., Geo. W. Kramer;
Treas., H. B. Henson; Sec, Harry Bronner, 5 Nassau St., New York.
Directors.— Grenvilie M. Dodge, Edwin Hawley, B. C. Henderson, George J.
Gould, Edwin Gould. Winslow S. Pierce, Harry Bronnor, E.-T. Jeffery and
Frank Trumbull.— V. 76, p. 665; V. 77, p. 2035. 2d89.
RR.—
Colorado Ac Northwestern
Boulder to Ward, Col., 26
miles; Sunset to Eldora, 20 miles; branohes, 5 m,; total, 51 m. Extension of Sunset Eldora line is to be built. Has 10-year contraot. expiring 1915, to reach Denver Union Depot from Boulder over Colorado & Southern (3d rail electrio). V. 80. p. 650.
Successor of the railway company, sold in foreclosure May 4,
1904. Stock, $1,000,000, all outstanding. Bonds, see table above. V.78,
p.1961; V. 79, p. 212, 268. Year ending June 30, 1903 (26 miles), gross,
$54,481; net, $5,408. President. S. B. Dick, Meadville, Pa.; Vice-Pres.
and Gen. Mgr., Robert Law; Sec-Treas., W. B. Hayes.— (V.80, p. 650.)
Colorado Ac Southern Ry.— (Sea Map.)— Operates from Orin
Junotion, Wyoming, through Colorado to Fort Worth, Texas, viz.:
RAILWAY STOCKS AND BONDS.
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RAILWAY STOCKS AND BONDS
Ape., 1905.]
1553
Miles Date Size, or
Amount Rate Per When
of
of
Par
For explanation of column headings, &o., see note
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Columbus <e Toledo— See Hocking Valley Rt.
Columbus <6 Xenia— Stock, 8 per cent rental
55
M
Combination Bridge (Sioux Oiti/, la.)— 1st
o
Concord <6 Olaremont (N. HJ— 1st mortgage
Concord <t Montreal—Stock, Class I. (B. C. & M. pf.)
new)
Stook, Class II (B. C. &M.
Stock, Class III. (B. C. & M. old stock)
Stook, Class IV. (Concord) $6,000,000 auth. Text
c
Boat. Con. & Mon. Improvement mortgage
ConoordA Montreal con. M. for$5,500,000.HB.c*
o"
Debenture bonds, $1,150,000, ourrenoy
Do
do
$500,000, Int. guar
Concord <£ Ports.— Stock, 7 p. c. rent'l, 99 yrs. Cono'd
Conn, ct Possum.— Pref. stock, 6 p. o. rent'1,99 yrs.o"
c*
letmortgage $1,900,000, gold
Massawlppi st'k, guar.same div. as Conn. & Pass.
Newport <& Richford 1st mort. guar, by C. & P.c*
Connecticut River— Stock ($2,670,000 authorized)
c
Bonds, not mortgage, for $1,000,000, gold
Bonds, not mortgage
do
do
Connecting (Phila.)— 1st M., gu. p. & 1. Pa. RR. en. o
.
& Chest. Hill 1st M., gu. by Pa. R.y.r
3*2 per cent gold mortgage, $5,000,000
Cooperstown & Swq VaL— 1st M., $200,000, int. gu.
Germ.
Phil.
Copper Range— 1st mortgage, gold (see text)
Cornwall <£ Lebanon — Stock
1st mort., $800,000. red. at par beginning 1906.r
Oorvallis dt Eastern—1st mort. ($11,250,000). Ce.c
71
....
«...
...
166
262
....
....
$50
1895 500 &o.
1894
1,000
100
100
100
100
1881
1,000
1890
1,000
•97-'99
1900
10H
110
37
22
80
>>•
...
6-75
7
36
19ia
105
26
26
1,000
1,000
100
100
1893
1,000
100
1881
1,000
100
1893
1,000
1901
1,000
1903
1,000
1864
1,000
1883
1,000
1902
1,000
1888 100, Ac.
1899 500, &o.
50
1891 100 <feo.
1898
1,000
& Southern Ry.— (Conoluded.)—
Colorado
Miles.
Lines owned.
Miles.
164 Other lines, or., etc. (106 nar. gau.) 864
Cheyenne to Orln Junction
Denver to Bessemer J unct.. Col... 128 Trackage— Pueblo to Walsenburg
58
Denver to Leadv. (narrow gauge) 151
(Denver & Rio Grande)
Come to Baldwin Mine ( do ). 181
Total operated June SO, 1901. .1,121
Trinidad, Col., to Texas State line 135
Also has larQt interest in Fort Worth & Denver City Ry., 468 miles.
Has traffio and trackage agreement with Union Paciflo, connecting
.
&
Nor. Division with the system at Greeley and Denver;
the Cheyenne
also over Atohieon tracks, Denver to Pueblo, Col. V. 69, p. 179.
Organization.— Succeeded on Jan. 11, 1899, per plan in V. 67, p.
748, the Union Paciflo Denver & Gulf and Denver Leadville & Gunnison. Owns a large majority of the common stock of Fort Worth &
Denver City Ry., which see. Colorado Midland is controlled Jointly by
Colorado & Southern and Rio Grande Western. V. 70, p. 739. In Mar.,
St. Louis RR., and
1902, Edwin Hawley. President of Minneapolis
associates, acquired control. V. 74, p. 679, 727. The voting 'rust expired April 1, 1905. In Sept., 1904, the Denver
Interurban (Electric)
Ry. was incorp'd with $3,000,000 authorized stock. V. 79, p. 1266.
In 1905 control of the Colorado Springs
Cripple Creek District
Ry. (see that Co. below) was acquired; the Trinity & Brazos Valley,
Cleburne to Mexia, Tex., 79 miles, was also purchased and will be
used as part of an extension of the Ft. Worth & Denver City to be built
from Ft. Worth to Galveston. See FiNANCES]below. V. 80, p. 1423.
Stock.— Common, $31,000,000; par, $100. Pref., see table above.
Dividends.— 1st pref.. 1900, 2 p. c; 1901, 3%; 1902,3^; 1903, 4 p.o;
1904, April. 2 p. c; in Oct., 1904, the dividend was passed. V. 79, p. 967.
Bonds.—The mortgage of 1899 is described in statement to the New
York Stock Exchange in V. 68. p. 1027; V. 77, p. 2158; V. 79, p. 2147.
As to refunding mortgage of 1905, see Finances below.
General Finances.— In April, 1905, a syndicate purchased about
$17,000,0w0 of a proposed issue of $100,000,000 refunding 4^ p o.
bonds and agreed to furnish $15,000,00j cash. Of these bonds $8,000,000 will be iesued to take up the outstanding equipment trust
and certain other obligations of the Colorado & Southern and the Ft.
Worth & Denver City, pay for the Cripple Creefc Short Line RR. and
provide working capital, the remaining $9,000,000 to pay for a new
extension to the Gulf at a cost of from $17,00o to $22,000 a mile, including the Trinity & Brazos Valley, acquired in 1905. No further
bonds, except about $1,000,000 a year for additions and beiterments,
can be issued before Jan. 1, 1909, without the consent of the syndicate
managers. Of the total issue. $33,000,000 is reserved to refund
outstanding bonds, $15,000,000 for improvements, etc., and the remainder for acquisition of new properties as already stated. V. 80,
p. 1423.
Earnings— 8 mos., } 1904-5
Gross, $4,138,157; net, $1,147,336
July 1 to Feb. 28. (1903-4
Gross. 4,089,064; net, 1,104,758
For 6 mos. ending Dec. 31, 1904, net, $930,146; againet $927,280 in
1903; other income, $9,842; charges, $542,148; bal., sur., $397,840.
Report.— Report for year 1903-04 was in V. 79, p. 1459, showing:
Tear ending June 30—
1903-04.
1901-02.
1902-03.
Gross earnings
$6,580,327
$5,702,687
$6,142,989
Operating expenses* taxes... 4,492,672
4,260,425
4,908,111
Netearnings
$1,319,902
$1,210,015
$1,234,878
Total net income
....$1,249,799
$1,293,753
$1,379,362
Interest on bonds, etc
752,603
811,958
796,800
Dividends on 1st pref
(312)297,500
( 4%)340,000
(4 %) 340,000
Balance, surplus
$97,841
$371,759
$156,953
Officers.—Chairman, Grenville jM. Dodge, N. Y.; President, Frank
Trumbull, Denver, Col.; Vioe-Pres. and Gen. Man., J. M. Herbert,
Denver, Col.; Sec. and Treas., Harry Bronner, 5 Nassau St., New York.
Directors.— Grenville M. Dodge, Henry Budge, Frederic P. Olcott, John J.
Emery, B. F. Yoakum. Edward C. Henderson, Edwin Hawley, Norman
B. Ream, Hans Winterteldtand Harry Bronner, New York City; Harrv Walters,
Baltimore, Md.: Frank TrumDuL. Denver, Col.
- (V. 80, p. 472, 599, 650, 1111, 1174, 1362, 1423).
&
&
&
&
Colorado Springs
Cripple Creek District Ry.— Colorado
Springs to Cripple Creek, Col., 46 miles; branch, Cameron to Viotor, 5
m.; other branches and sduts, 24 m.; total, 75 miles, of which 59 m.
steam, 14 m. steam and eleotrio and 2 m. purely electric. In Jan., 1 905,
Colorado & Southern acquired the road. V. 80, p. 472, 1111, 1423.
Stock, ail outstanding, common, $1,200,000; preferred, 5 p. 0. noncum., $800,000. Par of shares, $100 each. Sinking fund can retire
?£~, mor tgage bonds yearly at 110 for the first 15 years, then at
107ia
for 5 years, then 105 for the next five years, then 102i« for three
years, thereafter at par. V. 76, p. 345.
Earnings— For year ending June 30,1904, gross earnings, $764.9;
$339,007; charges, $201,570; sink, fund, $38,236;
«™ lD00me
Z
01
Pre8 -> Frank Trumbull; Sec, L. F. Linney. Directors
?«*"•' $
VT
(Mar., ?2&
1905), V. 80, p. llll.-(V. 80, p. 1423.)
>I n
,a Newberry
Laurens
Columbia to Laurens,
a °4
ml e8 Stock, $500,000. Bonds were 6s. but re-issued as 3s
?,: 1
i
un d er agreement, certificates of interest to amount of 40 p. o.
J5 k? \? hein
B
a bearing interest, if earned. Loans and bills
SJB,1904,
payable June 30,
$58,000.
N,
8
1
1904-5
Gross, $150,794; net, $34,446
t^T
,A ?. , 8 -' *U903
July
1 to Feb. 28.
4
Gross, 160,469; net, 45,416
6
118 Jun 3
1904, gross, $225,039; net, $51,445; charges,
•^"^Q
J?, ,
$34,778; bal., sur., $16,667. President, W. G. Childs, Columbia, 8. C.
Columbia River
Northern Ry.—V. 80, p. 1111.
'
mb
,
&
,
.
A™
-
2i^^T
.
.
^
w
^
'
&
Bonds— Princi-
INTEREST OR DIVIDENDS.
RAILROADS.
RR.—
$1,786,200 See text.
500,000
5
500,000
4»s
7
800,000
7
540,400
459,600
7
7
5,647,600
500,000
6
4
5,000,000
1,050,000 3hi A 4
3ia
462,000
350,000
7
6
2,500,000
1,900,000
e
i
400,000
5
350,000
10
2,630.000
1,000,000
4g.
3i3
290,000
313
969,000
6
8,000
1,000.000
41a
3i3 g.
956,000
200,000
5
5 g.
2,025,000
800,000 6 in 1904
5
766,400
4 g.
1,410,000
-
pal, When
Due.
Where Payable, and by Stocks— Last
Whom.
Dividend.
Q.-M. Columbus, O. Treasurer Mar 10,'05,2%
& J. N. Y., Hanover N. Bk. July 1, 1915
,
J.
J.
&
J.
Q.-J.
Q.-J.
Q.-J.
Q.-J.
Boston, 1st Nat. Bank. Jan. 1, 1914
See text.
Apr. 1' 05,1%%
do
Apr.1'05,1%%
do
do
J. B'ston, Faneuil Hall B'k
D. Boston Safe D. & Tr.Co.
&
&
J. & D.
J. & D.
J. & J.
P. & A.
A. & O.
P. & A.
J. & J.
J. & J.
M. & S.
J. & J.
J. & J.
M.15 &8
M. & N,
M.15&S
M. & N.
A. & O.
F. & A.
A. & O.
F. & A.
J.
J.
Apr.l'05,1%%
Apr.1'05,1%%
Jan. 1, 1911
June 1, 1920
Bos. S.D. & Tr., Boston. June 1, 1920
do
do
June 1, 1920
Manchester, N. H.
Jan., *05, 3ia%
Boston, S. Dep. & Tr. Co. Feb. 1, '05, 3%
do
do
Apr. 1, 1943
do
do
Feb., 1905, 3%
do
do
Jan. 1, 1911
Boston, Mass.
do
an. 1/05,5%
Sept. 1, 1943
do
do
do
do
do
Broad
Jan. 1, 1921
Jan. 1, 1923
15,1901
1, 1913
d*>
Mar. 15, 1932
2d N.Bk..Coop'st'n N. Y. May 1, 1918
Boston, Mass.
Oct. 1. 1949
Co.'s off., Lebanon, Pa. Jan.31,'05,3%
do
do
Apr. 1, 1921
New York City.
Feb. 1, 1998
Phila.,
do
do
St. Stat'n. [Sept.
May
do
Columbus Hock. Valley & Tol.—See Hocktng Valley Ry.
Colnmbus & Lake Michigan RR.— Owns Lima, O., to Defi-
&
Milw. RR., foreance, 40 miles. Successor, Aug., 1902, to Col. Lima
V. 75, p. 289, 1147. Extension proposed in 1904 from Lima to
West Mansfield. O.. 40 miles, at a connection with Toledo & Ohio Central. Stock authorized, per mile, $10,000 each of common and 4 p. o.
non-cumulative pref.; par, $100. Bonds, see table above. By agreement coupons to Mar., 1905, were not presented. Pres., Geo. A.
Garrettson; Treas., E. Hope Norton, 83 Wall St., N. Y.— (V. 76, p. 804).
Columbus
Southern Ry.— Lancaster Junction, O., at a con*
nectionwith the Penn. RR.,to South Bloomingville, 34 miles. Sue"
oessor of the Columbus Wellston
Southern RR., sold In foreclosure to J. G. Reeves and associates of Lancaster, O., on Deo. 4, 1901
V. 78, p. 1206; V. 75, p. 184. Stock auth., $2,000,000.- (V. 75, p. 239.)
Columbus Term. <V Transfer
V. 78, p. 286; V. 79, p. 902.
Columbus 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, 1 869, in conneotion with that road, to the Pittsburg Cincinnati Chicago & St. Louis, which pays 8 per cent on stock.
The lease is guaranteed by the Pennsylvania RR. Co. In March, 1901,
the additional dividends, 2 5 p. 0. per annum, from assets, were discontinued for the present.— (V. 72, p. 532.)
Combination Bridge (Sioux City, la.)—Owns steel bridge
1,940 feet long over Missouri River, with approaches, 1 mile, used by
railroads and street cars and as a highway. Stook, $1,500,000. Mort.
trustee, Union Trust Co., Indianapolis, Ind. Pres Jos. C. Head, Lafrrobe, Pa.; Seoy., F. L. Eaton, Sioux City, la.— (V. 78, p. 102, 2y6.)
Concord
Montreal
From Nashua, N. H., via Concord, Plymouth, etc., to Groveton and the White Mountains. 450
miles in all. Including Manchester
Keene, 30 mile3, owned jointly,
414 miles; 35 miles double track. Owns Concord Street Ry. 13 miles;
also eleotrio branch from Cone *rd to Manchester, N. H., 17 miles.
On June 29, 1895, leased to Boston & Maine for 91 years at rental
of 7 p. c. per annum on all stock.— (V. 78, p. 228, 286.)
Concord Portsmouth
Owns Portsmouth, N. H., to Manclosed.
&
&
&
RR.—
RR.—
,
&
RR.—
&
&
RR.—
chester.N.H.^O^ m. Leased to Concord RR. in 1862 for 99 years; rental,
$25,000; 7% on stook and org. exp. Operated by Boston & Maine.
Connecticut & Passumpsic Rivers RR.—White River June.
Vt., to Canada Line, 110 m.; leases 999 yearB Massawlppi Valley, 37 m
Lease.—-From January 1, 1887,
leased to the Boston
A
Lowell for 99 years on a basis to pay Connecticut & Passumpsic stook
5 per cent till January, 1897, inclusive, and 6 per cent thereafter.
Securities.— Massawlppi stook receives same dividends as stock of
lessee, and $400,000 of it [not included in the amount outstanding
is pledged
as part security for 4s of 1893. Of the $2,500,000
preferred, $500,000, as also $50,000 Massawippi Valley Ry. stook,
are represented by Connecticut Trust & Safe Deposit Co. o Hartford
5 per oent trust certificates, under which the Vermont Valley has the
right for 45 years from Aug. 1, 1885, to purchase the trust stack at
par and interest and in the meantime reoeives all dividends above 5
per cent per annum on the stook deposited in trust.— (V. 57, p. 1040.)
Connecticut River RR.— Owns from Springfield, Mass., to
Keene. N. H., 74 miles (double tracked, 36 miles) branches. 6 miles.
The stockholders will vote Apr. 29, 1905, on increasing stook to build
a conneotion with the Fitchburg RR. in Deerfleld. V. 80, p. 1478.
Lease.— Leased for 99 years from Jan. 1, 1893, to the Boston A
Maine, annual rental (as amended Oct. 10, 1895) being 10 per cent per
annum on cap. stock), payable directly to stockholders also Interest
on bonds and scrip and $2,000 for organization expenses. Lessee pays
all taxes, operating expenses, etc, but lessor to issue its stook or
bonds for permanent improvements.— (V. 76, p. 212; V. 80, p. 1478.)
Connecting Ry. (Philadelphia).—Owns from Mantua Junction
to Frankford Junction, Pa., 7 miles; Germantown Junction to Chestnut Hill, 7 miles; branches, etc., 23 m.; total, 37 miles. V. 73,(p. 390.
J
;
;
Stock authorized, $5,800,000 outstanding, $3,613,650; all owned by
Penn. RR. Divs. in 1902 to 1904, inch, 4 p. 0. yearly.— (V. 75, p. 1354.)
Conway Coast & Western
V. 79, p. 1266.
Cooperstown
Charlotte Valley
(See Map Del. &
BZud.)— Owns Charlotte Crossing to Davenport Centre, 4-51 miles;
leases for 99 years from Jan. 1, 1889, Cooperstown & Susque. Valley
RR., Cooperstown to Charlotte Crossing, with branch to Cooperstown
Jot., 1948 m., guaranteeing Interest on latter's $200,000 5 p. 0. bonds.
Stook, $45,000, acquired July, 1903, by Del. & Hud.— V. 77, p. 88.
Copper Range RR.— Calumet, Mich., to Mass City, with
branches, total, 105 m.; side tracks, 15 m. Stook, $3,886,900, of which
$1,281,800 owned by Copper Range Consolidated (Mining) Co. Bonds
limited to $20,000 per mile of main line and branches and $15,000 per
mile of sidings. Of the $2,025,000 bonds outstanding, $615,000 were
In Jan. 1 904, held in the treasury of the Copper Range Consolidated
Co V.78, p. 228. For 7 months ending Jan. 31, 1905, gross, $356,884;
net, $142,718. Year ending June 30, 1904, gross, $514,733; net over
taxes, $143,047. President, William A. Paine; 8eo. and Treas., Frederlo Stanwood, Boston.— (V. 78, p. 228).
;
&
Cornwall
Cornwall
2166
RR.—
RR.—
RR.—V. 74, p. 1139.
& Lebanon RR.— Owns Lebanon, Pa., to
Conewago,
miles; branches, 4-78 miles. In June, 1901, the Pennsylvania
Steel Co. acquired $540,000 stock, nearly all the remainder being
owned by the Laokawanna Steel Co. V. 72, p. 1241, 1283.
RAILWAY STOCKS AND BONDS.
1554
YOL. LXXX-
^^^^P^^Xr~T
-^^^^ ^—
MAP OF THE
y
DELAWARE & HUDSON
^Waterloo
Farnham
Griteau.
RAILROAD SYSTEM.
';/
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b*.
&,,
fSutton
b
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/
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.
RAILWAY STOCKS AND BONDS.
APR., 1905.]
RAILROADS.
for explanation of column headings, Ac,
Date
Miles
of
see notes
Par
Oripple Greek Central— Stook ($3,000,000 pref.)..
o*
Mid. Term. 1st mortgage, g., s. f.F
Cuba Eastern— 1st mortgage, $1,000,000, g. K..o*
Cuba RR — 1st M., gold, $20,000 per mile Mo.c&r
Cumberland tt Pennsylvania— 1st mort., g., gu.G..
Cumberland Valley— Common stock
Pref. stock ($243,000 2d pref.)
$100
1895
1,000
1903
1,000
1902 l,000&c
1891
1,000
50
50
1856 500 &o.
50
1871
50
1881
1,000
1,000
1879
1899
1,000
25
1892
1,000
1882
1,000
100
1875
1,000
1879 100 &0.
100
1877 l.OOO&o
1874 100 &o.
1892
1,000
1899
1,000
1900 10,000
41
43
376
57
82
.............
2d (now 1st) mortgage
Dayton dt Mich.—Com. st'k (3 ^ p. c. guar. C. H. &D.
Preferred (8 p. o. guar. C. H. & D.) endorsed
142
c
1st mortgage, guar. p. & 1. end by C. H. & D
32
c
Daytondk union RR.— lstM.,8. f. (not dr'n)
„
Dayton Union Ay.— 1st M., s. f., oall at par.F
224
Delaware—Stock
117
.o«
Gen. M., gold.FP
54
assumed, cur .c
Delaware <fe Chesapeake 1st
Phila.
A
Read.
Del. dt Bound Br.— Stook— 8 p. c. gu.
27
1st mortgage
27
2d mortgage, extended in 1899
Del. dt Hudson—Stock to be $48,990,000 (text)....
1st M. on Pennsylvania Div. ($ J 0,000,000) U n cAr
14
Schenectady & Duanesb'g, 1st mort., assumed ..
57
Adirondack, 1st M. gold.gu. p. &i. end.Cs..o*<fcr
Eqnlpm't M., $150,000 payable May, y'rly. Usui
Eaulpm't deb., $2,500,000, $200,000 an'ly, Jan. 1
Guaranteed Bonds.—
•Ol-'OS
Hud. Coal Co. deb ,gu., p. A 1. end., part due. y'ly.
1890
Bluff Point Land Improve. Co. lstM.,gold,guar.o*
1902
c*<fcr
Chat. Ore & I ref. M., oall 105. Co.
Albany & Susquehan. RR., N. Y. St Canada RR Chate augay
Delaware Lackawanna dt Western Stook
Con. M. now 1st on road & equip ($10,000,000) Fc 194 1877
) .
.
,
,
,
,
—
24 434 4^5
5
,
per plan V. 78, p 2018 (see also V. 77,
1542) of
the Denver <to Southwestern Ry., whose assets were sold at auction on
The old general 5s and floating-debt
Oct. 4, 1904.
V. 79, p. 1461.
holders will receive 60 p. c in new pref. stock and 50 p. c. in new
common stock, leaving $»9,463 common and $119,571 preferred to be
used for other purposes connected with the reorganization.
Stock and Bonds.— Common stook, $2,500,000; 4 p. o. non-cum. preferred stock, $3,000,000; par of shares, $100; For Midland Terminal
bonds, see table above; Midland Terminal equip notes, $24,000.
Repokt.— Report of old Co. for year end. Nov. 30, 1 902, was in V.76,
p. 702, showing gross, $1,088,701; net, $142,064.
For 10 mos. end.
Sept. 30, 1903 (old Co ), gross. $851,528; net, $161,941.
President, Henry M. Blackmer; Vice-Pies., R. E. P Flinech; Sec &
Treas., John Gorlow. Directors, V. 79, p. 1461. -(V 79. p. 1461.)
Cuba Eastern
To be completed June 1, 1905, from Granadillo Bay, on south coast of Cuba, northwest via Guantanamo to forest
lands owned by the Cuba Hardwood Co., 43 miles; extension to La
Maya, 30 miles, is to be begun in fall of 1905; to be extended eventually to Nipe Bay, on the north shore of|Cuba; also branch to be built
from a point near Guantanamo easterly to Baracao. Has five-year
oontract with Cuba Hardwood Co. V. 76, p. 1 355. Stock, $2,000,000,
all outstanding. Bonds (see above). $411,000 outstanding Oct., 1903.
Pres., H.W. Bennett. OfHce, 79-81 Wall St.. N.Y.-(V. 76. p. 1355.)
Cnba RR.— Operates from Santa Clara, Cuba, to Santiago de
Cuba, 356 miles, of which Santa Clara to San Luis, 336 miles, is
owned and balance controlled; also owns branches, Zaza Jot. to Sanctl
Splritus, 9 miles; Alto Cedro to the Bay of Nlpe, 31 m.; total owned,
376 miles; controls Ponupo branch, 12 miles, and leases Juoaro to
San Fernando, 42 miles; total operated, 450 miles. See V. 75, p. 1147,
1347. Road opened Deo. 8, 1902. Sir William O. Van Home Is prominently identified with the enterprise.
Stock authorized, $10,000,000 each of common and 6 per cent noncum. pief.; outstanding, common, $6,126,000; pref ,$10,000,000; par
of shares, $100. Bonds, see table above. President, Franklin B.
Lord; Sec, Chas. J. Fay; Treas., James I. Burke. OtHoe, 83 Montgomery
St., Jersey City, N. J.; 80 Broadway, N. Y.-(V. 75, p. 1147, 1307.)
p.
RR.—
Cumberland & Pennsylvania RR.— Owns from
Cumberland,
Md., to Piedmont, Md., and several branches, 57 miles. Owned and operated by Consolidation Coal Co., which guarantees by endorsement the
first mortgage.
V 52, p. 390. Stock. $1,500,000; par, $100. For year
ending June 30, 1901, gross, $812,077; net, $364,492 charges, $93.202; dividends, $82,968; bal., sur., $188,322. In 1899-0, net, $164,102.
Cumberland ValleyRR.—Owns from Harrieburg.Pa., to Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— Cumberland Valley & Martinsburg Railroad, 34 miles; Dlllsburg & Mechaniosburg Railroad, 7 miles;
Southern Pennsylvania Railroad, 21 miles leases Cumberland Valley
& Waynesboro RR., 18 miles; total operated, 163 miles. V. 61, p. 152.
8T.°^' Etc— Pennsylvania RR. owns $975,850 com. and $237,200
prei. ine $139,500 8 p. c bonds maturing Apr,
1, 1904, were paid off.
DrviDKND8.-In 1880 to 1884, 10 per cent yearly; from 1885, to
Apr., 1905, both lnolusive, at rate of 8 per cent yearly.
Report.— Earnings entire line as follows:
Int.. etc. Dividends {%p.c.) BaL.surp
-^ e/
?*„
To^r*
<»o,^
65
$
8 $661,132 $50,609
$142,228
$4^8,295
}*%»—
1903.... 2,019378
425,296
75,232
2071836
142!228
From surplus In 1904 $436,830 was appropriated
extraordinary
for
expenditures.-^. 70, p. 5 80; V. 72, p. 391. 532; V.
77, p. 1873.)
aI , Clel , ru e
Southwestern Ry.— Owns Egan, on Mo.
B-R. &
i *T
?, !,
.
Kan.
Texas RR.,
to Cleburne, 10 miles. Operated from Dec 1, 1902Extension proposed from Egan to Dallas, 27 n lies, and from Cleburne to GlenroBe, 50 miles. Leased to Mo. Kansas 4 Texas Ry. V.
ou< s » u h0I, ized, $150,000 first mort. 30-year gold 5s. due
Tf'A
r,
j
Jan. 1, ?o£,
1933. President,
W. D. Myers, Cleburne, rex.-(V.77, p. 88.)
;
;
H ^
-
&
D. N. Y., Farm. L. & T. Co. Deo. 1, 1925
S. N. Y., Knick. Trust Co. Mar. 1, 1933
J. N. Y., Morton Trust Co. July 1, 1952
N. Guar. Trust Co. of N. Y. May 1, 1921
Q.-J. Phila. & Chambersburg. Apr. 1, '05. 2%
do
do
Q.-J.
Apr. 1, '05, 2%
do
A. & O.
do
Apr. 1, 1908
Cincinnati.
Apr. 1, '05, 1%
A. & O.
M.
Q.-J.
& J
& D.
J. & J.
J. & J.
J. & J.
P. & A.
Q— F.
P. & A.
M. & N.
rMch.
& S.
M. & S.
M. & 8.
M.15&N
J. & J.
M. & N.
J. A J.
J.
J.
do
Ajpr. 4,'05,
2%
N.Y., Kessler & Co., Cln. Jan. 1, 1911
N.Y., Am. Exoh.Nat.Bk Deo. 1, 1909
N. Y., Farm. L. & Tr. Co. July 1. 1949
Checks mailed.
Jan. 3, *05, 3%
Phila., Broad St.Station July 1, 1932
do
Feb. 1, 1912
Phila,, 240 So. Third St. Feb. 20.'05,2%
Phila., Guar. T.& S.D.Co. Aug. 1, 1905
Phila.,240 So. Third St Aug. 1, 1905
N.Y.Of.,21 CortlandtSt. Mar.15,'05,1*
do
do
do
do
do
do
do
do
do
do
Sept. 1,
Sept. 1,
1917
1924
Mar.
194.*
1,
1906 to 1909
1906 to 1914
May 1, '06-18
Jan. 1, 1940
Jan. 1, 1942
See those ooa.
Apr.20,'05,2>*
Sept. 1,
1907
Dayton 6c Michigan BR.— (See Maps p. 1554, 1555.) —Owns
Dayton, O.. to Toledo Juno., O., 141 miles; trackage into Toledo, 1 J* m.
Leased May 1, 1863, In perpetuity to Cincinnati Hamilton & Dayton.
Rental is interest and sinking fund and 8 p. «. on pref. stook and 3Js p.
c on common. Guaranty onpreferred is seoured 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.
Dayton Union Ry.— Union depot at Dayton, O. Used by Pitts.
Cinn. Chic & St. L., Cleve Cinn. Chic He St. L Cinn Ham. & Dayton,
Day ton & Union RR. and Erie RR. under lease which provides that
intereston bonds and other expenses be divided between them on train
basis. Stock, $321,000, all oommon. Pres., M. E. Ingalls; Sec, Ralph
Peters; Treas., O. G. Waldo. Office, Cincinnati, 0-(V. 73, p. 1312.)
Delaware RR.— Shellpot Crossing, Del., to Delmar, Md., 95*22
miles; branches, Centreville, Md., to Townsend, Del., 35-15 miles; Clayton, Del., to Oxford, Md., 54-28 m.: 8eaford, Del., to Cambridge, Md.,
32-97 m.; Masseys, Del., to Chettertown, Md., 20-69 m.; other branches,
10-46 m.; total, 248-77 miles. V. 67, p. 1356.
Leased till May 1, 1927, to the Philadelphia Bait. & Washington,
which owns $1,664,475 of the stock: rental net earnings— see V.
64, p. 1000. Dividends 1898 to January, 1905, 6 p. c yearly. In year
ending Dec. 31, 1904, gross, $2,106,480; net, $569,510; other income,
$12,950; interest, taxes etc, $115,960; dividends (6 p. c), $179,233;
bal., sur., $287,267.-(V. 68, p. 129.)
,
,
Delaware
880; V. 77, p. 1542.
A reorganization
&
&
J. &
M. &
J.
do
4
2,620,000
do
do
300,000
4 g.
do
do
1.300,000
4 g- J. & J.
c. RR.. Utica Olin.&B ing.RR., Coop. & Chart. Val50 26,200,000 Bee text. Q.-J. N. Y., 26 Exchange PI.
do
do
M. & 8
1,000
3,067,000
7
,
p.
$5,500,000
464,000
5 g.
6 g.
1 ,000,000
4,978,000
5 g.
1,000,000
5 g.
1,292.950 8 in 1903
484,900
8
94,000
8 g.
3is
2,401,900
8
1,211,250
5
2,728,000
225,000
7
4 g.
478,000
6
in
1904
2,987,225
500,000
4*a g.
400,000
4
1,800,000
8
7
1,500,000
4
300,000
40,990,000 7 In 1905
7
5,000,000
500,000
6
4iflg.
1,000,000
3*3 g.
600,000
4
1,700,000
1,000
1,000
1,000
& L. Pla
To 1893 '94 '95 '96 '97 '98 '99 1900 '01 '02 '03 '04 1905
<4to4iayrty
5»a6 6 6 Jan 3
Gross,$164,701; net, $64,741
Earnings-8 mos < 1904-05
...Gross, 162 088; net. 72,028
< 1903 04
July 1 to Feb. 28.
Surp. over charges. 8 mos., $32,573 in 1904-5. agst $39,262 in '03-4Year 1903-4, gross, $242,038; net, $107,124; interest and taxes, $50,
034; dividend (6 p. c), $48,000; bal., surp., $9,090 — (V. 72, p 675.)
CorvaUIs 6c Faster n Kit.— Owns from Yaquina "o Idanah, Ore.,
142 miles. Land grant was 850,000 aores. Organized in Dec, 1897, to
purchase and extend the Oregon Central <fe Eastern, wlnoli was the
successor of Oregon Pacilio, sold in foreclosure Deo. 22, 1894. Stock,
$11,250,000; outstanding, $1,410,000, Mortgage provides for extension eastward to Snake River in Malheur Co.
Earnings.—In year ending June 30, 1903, gross, $148,435; net,
$45,130; total deductions, $66,544.-(V. 68, p. 474; V. 77, p. 2159.)
Cotton Belt.—See St. Louis Southwestern Ry.
Cripple Creek Central Ry.— Divide, Col., to Cripple Creek and
Florence, etc., 77 miles; Victor to lsab ella, 6 m.; branches and spurs
to mines, etc, 41 miles; total, 125 miles, of which 43 miles standard
gauge. Controls Midland Terminal Ry., Florence & Cripple Creek RR.,
Golden Cirole RR., La Bella Mill Water & Power Co., Colorado Trading
& Transfer Co. and $225,000 United States Reduction & Refining Co.
1st mort bonds. See V. 69, p. 851, 1011, 1103; V. 72, p. 984: V.74,
Divs.—
(P. c.)
INTEREST OR DIVIDENDS.
pal.When Due.
Rate Per When Where Payable, and by Stocks— Last
Payable
Whom.
Cent.
Dividend.
Amount
of
Road. Bondt Value. Outstanding
on first page of tables.
M
Size, or
1555
Bonas — frinoi-
6c
Bound Brook RR.— Owns
from Bound Brook
(Central of N. J.) to Delaware River, 27 miles; branches to Trenton, 7;
second track 27 miles all traok 83 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. & Read'g Railway.- (V. 68, p. 722.)
Co.— tSee Map.)— Operates railroad lines
Delaware 6c
from Wilkesbarre, Pa., via Albany, NT Y., to Rouse's Point, on
Canada line, with branohes, 821 miles in all. V. 68, p 871.
Linesleased ViSeethesecos. Mile*.
Miles.
Lines owned—
;
Hudson
—
22
Albany & Susquehanna
142
150
17 1TNew York& Canada
192
Honesdale Branch
28 ifRensselaer <fe Saratoga
Soheneotady & Mechanicville. 10 H Chateau gay & L'ke Placid RR. 80
21
Cherry Val. Sharon & Albany 21 UUnionRR
35
itSoheneotady & Duanesburg.. 14 II Jefferson RR. (trackage)
57 Other lines
28
11 Adirondack Ry
24
IT Cooperst'n & Charlotte Val.
Total operated [Jan. 1, 1905.843
2
Branches and spurs
Also leases Utica Clinton & Bingham ton and Rome & Clinton RR.,
44 miles, sub-let to New York Ontario & Western.
History. Etc.—This company was chartered April 23, 1823. It is
one of the largest miners and carriers of anthracite coal.
Stock.- Stockholders on May 9, 1905. will authorize $5,000,000 new
stock, making a total of $48,990,000. See "General Fbiauces" below.
Ditidends. 5 '84 '85 '86 '87 '88 '89 to '96 '97 to 1900 1901 to '05
5 y'rly.
8ince'83.%< 7 6 5 5 6 7 y'rly.
7 y'rly.
Dividends for 1905 fixed at 7 p. c, payable quarterly. V. 79, p. 2795.
Bonds.— In 1899-00 issued $4,000,000 equipment trust 3ifls and debenture 4s, of which $1,350,000 have been paid and the balance is payable $350,000 yearly. V. 68. p. 670; V. 69, p. 1193; V. 70, p. 125. Chateaugay Ore& Iron Co. $1,300,000 bonds are guaranteed. V.73, p. 1263.
General Finances.— On May 9, 1899, the stockholders voted to set
aside every year, as a sinking fund to retire stook and bonds and
guaranteed securities, an amount equal to at least five oents per ton of
coal sold or $175,000 to $200,000 per annum, to be charged against
income account each year. (V. 68, p. 926. See ordinance in full, V. 68,
Coal owned and controlled Jan. 1, 1905, 218,644,286 tons.
p. 1180.
In 1900 $200,000 stook was retired from prooeeds (estima'ed) of the
fund;
sink,
$141,800 in 1901; $151,100 in 1902, $100,000 in 1903, and
$417,100 in 1904.
Stockholders in 1904 subscribed to $7,000,000 new stock at $135 per
share to retire the $5,000,000 New York & Canada RR. bonds (D.&H.
receiving as condderation $5,000,000 N. Y. & Can. 5 p. c pref. stook),
to pay for standard-garJging the Chat. & Lake Placid Ry. and of tubing
up $200,000 of undrrUlng bonds, aggregating somewhat over $2,000,000 (for which $2,000,000 Ch &. L. P. stock was received), the
balanoe aocruing to the treasury. The remaining $3,000,000 authorized will be held for similar purposes in the future. See V. 78, p.
Lackawanna Susquehanna.
Valley RR. of Pa
<fe
.
11
:
583, 985, 1108, 1781; V. 79, p. 2696; V. 80, p. 1170.
The stockholders will vote May 9, 1905, on authorizing an inorease
of $5,000,000 in the capital stook to provide for the conversion, at the
option of the holders, until April 1, 1916, of $10,000 000 of Albany &
Susquehanna 3k p. c b >nds, to be dated Apr. 1, 1906, on the basis of
$500 stooR for $1,000 of bonds. The bonds are shortly to be offered
at par pro rata to D. & H. stockholders. The refunding will effect a
material savlDg of interest V. 80, p 1174.1362.
in Feb., 1905, the Del. & Hudson and N. Y. Cent. A H. RR. purohased
the entire stook of the Schenectady Ry. V. 80, p. 652.
Earnings.— Earnings of leased lines in New York State for 12 monthe:
12 month*
^Albany & Sutquth.-, r-N. Y.&Caruida.—. rRens.& Saratoga.-,
end. Dec. 31.
1»04.
OroBB
tfl,117,«(>0
3,''»7,|J8
Net
Sur. over chgs. 2 025,689
.
'"?S
lt0 *
1903.
1S0S.
1901.
.
15.204.158 $1 801.7H6 *1,021,072 »3.263,020 13,308,146
7M4.5f>«
WI5V214
«S6
67
66'>.80l
*,554 fi-H
210,916 df.e034h4 df 321,582
l,itt*.5l2
177.060
Report.— For 1904 in V 80.p 11170. Coal (anthraoite) oarried in 1904,
8.255,541 tons; in 1903, 8,657,966 tons; in 1902, 4.640.772 tons.
1
5o6
RAILWAY STOCKS AND BONDS
[Vol. lxxx.
.
RAILWAY STOCKS AND BONDS.
Apr., 1905.
|
RAILROAD8.
Miles
Date
Size, or
of
of
Par
For explanation of column headings, &o., see notes
Road. Bonds Value.
on first page of tables.
39
Va.—Junction & B.— 1st mortgage
Delaware Md.
19
Break. A Frank. 1st m. to State, red. aft. Jan. '95
o*
Other mortgages
Delaw. <£ Norlhampont— lstM.,$2,5OO,O0O,g..s.f.K
10
Del. River RR. d Bridge— 1st M., g.,gu. p.&i.GP.c'
Delaware Susq. <t 8. RR.—Stock (auth. $1,500,000)
70
De.En.&Gulf— lstM.,$2,600,000,g.,red.l03 ITIstc*
Denv.Norlhw. <t Pae.—lBt M., $22,500,000, g.Itte.o*
Denver <& Rio Grande— Stock, com., (see textKTr. ..
Pref. stock, 5 per cent non-oum., $50,000,OOO.Tr
_ nl(1 ¥T _ ft » Ar 1,667
1st cons. mort. for $42,000,000 )£goia..us.o
<cr
1,667
(now 1st mortgage)
per
mile)
Improvement mort. ($5,000
g. lTs..c*<fcr 1,667
mort.,
guar.Ce
180
South'n
1st
Rio Grande
62
Rio Grande Junotlon 1st mortgage, guar..Ce.o*
436
Rio Grande Western, 1st M. g.(V.69, p. 284)Ce.c*
<e
Mo.c
HO.Mo
1st cons, mort., red. at par, see text, gold.
Utah Cent. 1st M., guar. V. 68, d. 724, g.OTEo..
Utah Fuel Co., 1st M., $2,000,000, red.
Pleasant Valley Coal, 1st M., s. f., red. 115.Mo
Equip, bonds, ser.A, g., $75,000 due semi-an
695
33
1860
1874
All.
All.
Amount
Outstanding
Rate
1557
INTEREST OR DIVIDENDS.
pal.When Due,
per When Where Payable, and by Stocks — Last
Cent.
&
&
J
J
W—
Dividend.
Broad St. Station Jan. 1, 193*
do
do
Jan. 1, 193S
4
do
do
Overdue.
(I)
5g. J. & J. N. Y., Knickerb. Tr. Co. Mar. 1, 195S
Philadelphia. Pa.
4g. F. & A.
1,300,000
Aug. 1. 1936
Drifton. Pa.
1,500,000 See text. M. & N.
Nov. 1. '04.3%
1,120,000
5g. M. &N. N.Y. or Miss. V. Tr., St.L. May 1, 1953
See text.
4g. M. & S. New York or Denver. Sept. 1, 1952
$185,000
200,000
650,000
3
3
Phila.,
1903
1896 $1,000
50
1903
1,000
1902
1,000
100 38,000,000
100 44,400,000 5 in 1904 J. & J.
1886 500 &c. 33,517,000
4g. J. & J.
1886
4*2g. J. & J.
1,000
6,382,500
1888
500
8.335,000
5 g J. & D.
1890
4 S- J. & J.
1,000 X2,277,000
1889
1,000
5 g- J. & D.
1,900,000
4 g- J.
J
1889 l.OOO&c 15,200,000
4 g- A. & O.
1899 l.OOO&c 13,336,600
4 g- A. & O.
1898
1,000
650,000
1901
5 g1,000
853,000
5 g- J. &
1898
1,000
1,131,000
4*2 g. M. & N.
1903
1,000
1 ,200,000
100
4,283.100
100
763,500 5 in'iJKM August.
J. & J.
1905
1,000
3,072,000
1901
J. & J.
1,000
1,000,000
M. & N.
1887
671,000
1,000
A. & O.
1878
1,000
2,000,000
A. & O.
1878 200 &o.
6
3,200,000
& J.
100
4
J.
1,350,000
MAS.
Moines tk Fort Dodge— Common stock
Preferred stock, 7 per cent, non-cum
143
1st mortgage, gold, guar. p. & i.Ce
75
D. Mo.Ia. F.<£ No.— 1st M.,$14,000 p.m., g.red.Col.o*
4
Ues Moines Union— 1st M. for $800,000, gold.Ce.oDetroit Grand Haven dk Mil.— 1st equip. M. gu....o*
189
text)
c*
189
Coneol. mort., guar, (option— see
Detroit Hillsdale c£ S.
St'k,4p. o.rent'l,L.S.&M8.
65
Also
$2,233,000
not
guaranteed.
x
Detroit Grand Rapids <6 Western See Pere Marq UETTE RR.
Detroit Lansing <6 Northern— See Pebe Marquett E RR.
rt
Whom.
Payable
Office, 195 B'way, N. Y. Jan.l6,'05,2ifl
N. Y., Fourth Nat. Bank, Jan. 1, 1936
do
do
Jan. 1, 1936
do
do
June
July
do
Deo.
N. Y., Morton Trust Co. July
do
do
Apr.
do
do
Jan.
do
do
Mch.
do
do
July
N. Y., Maitl'd, Coppell.
do
N. Y., Blair
& Co.
1,
1,
1,
1,
1,
1,
1,
1,
My'05May'13
New York.
Aug.
5%
1, '04,
1, 1935.
July 1, 1931
Nov. 1, 1917
Jan.
N.Y., Col'oniai'Trust Co.
N. Y., Central Trust.
I
N.
N. Y. and London.
1928
194©
1939
1939
1949
1917
1931
1928
<
Y, Farm. L. & Tr. Co.
Nov. 14, 1918
Nov. 15.193 8
Jan. 5,*05,2%
—
Delaware
6c
1903.
1902.
$15,071,124 $13,642,954 $11,050,690
5,875,843
5.473,758
4,361,540
2,999,957
2,994,860
2.977,120
1904.
Net
(railroads)
Interest, taxes
Profit
Delaware Susquehanna 6c Schuylkill RR.— Owns main line
Hudson— (Concluded.)
Tear ending Dec. 31—
Earnings of railroads
and rentals
from railroads
$2,8"7.\886
Netooaldept
2,380,561
$2,478,898
3,726,259
$1,384,420
1,113,456
from Drifton, Pa., to Gowen, Pa., 31 miles branohes, 17 miles; totaii
Ovned, 48 miles. Trackage— Lehigh Valley RR., etc, 133 miles.
Opened Feb. 15, 1892. The road Is controlled by Coxe Brothers & Co.„
Inc, the ooal miners. Dividends Oot. 18, 1892, 40 p. c. in cash Nov.
25, 1893, 20 p. o. in cash and 50 p. c. in stock; Sept. 26, 1894, 2623 p. C.
in cash; 1899 to 1901, 4 yearly; 1902, 5; 1903, 6; 1904, 9 p. o.
Earnings.— In year 1903-04 gross, $1,200,465; net, $149,260 dividends (9 p. C), $135,000 bal., sur., $14,260.-(V. 75, p. 666.)
Deuison Bonham Ac New Orleans Ry.—Denison to Bonham,
Tex., 29 miles. Operated sinoe completion Dec. 1, 1901, by the Mo.
Kansas & Texas under a ten-year oontract. In Sept., 1903, parties interested in the road acquired the Velasco Brazos & Northern By.,
Anchor to Velasco, Tex.. 20 miles. V. 77, p. 823. Stock, $480,000. Izi
Feb., 1903, permission was given to issue $325,000 30 year gold bonds,
on road between Bonham Jet. and Bonham; V. 76, p. 381. President,
Ed. D. Stager; Sec, John W. Russell.— (V. 76, p. 381; V. 77, p. 823.)
Denver 6c Inter-Mountain Ry.— Embraces 27 miles of track
of which 22 steam, Denver to Ralston, and 5 trolley, Denver to Barnum. Extensions are proposed. Successor to Denver Lakewood <fe
Golden RR., sold in foreclosure on May 19, 1904. V. 78, p 2334.
Stock, $514,300. No bonds issued Oct. 1, 1904. For 1902-03 (old co.>,
gross, $60,170; net, $15,592. President, 8amuel Newhouse; Treas.,
F. W. Loveland; Sec, William Morrison.-(V.78, p.820, 1549, 2334.)
Denver Enid 6c Gulf RR.— Projected from Guthrie, O. T., northwest to the Kansas State line at Kiowa, Kan., 130 m., of which
Guthrie to Coldwater, 70 miles, In operation in April, 1905, and
balance und«r construction; extension also proposed from Guthrie to
Oklahoma City, 31 miles. Stock authorized, $15,000,000; outstanding, $1,120,000: par of shares, $100
Bonds are limited to $20,000
per mile. V. 77, p. 769. President, Breckinridge Jones; Secretary
and Treasurer, Henry Semple Ames, both of St. Louis.—V. 79, p. 1641.
;
;
;
;
Total profits
Depreciation of plant
$5,256,447 $6,205,157
$803,924 $2,290,363
Dividends
(7)2,756,162
Balance, surplus
$1,696,361
$2,497,876
(7)2,450,000 (7)2,450,000
$1,464,794
$47,876
The earnings
of coal department in 1904 were $19,583,989; expenses,
$17,203,423; net, $2,380,561. In 1903, $20,543,417; net, $3,726,259.
Officers.- President, David Willcox; Treasurer, C. A. Walker;
Secretary, F. M. Olyphant, 21 CortlandtSt., New York.
Managers— Robert M. Olyphant, Alexander K. Orr, Chauncey M. Depew.
James W. Alexander. John Jacob Astor. K. Somers Hayes, Frederic Cromwell,
David Willcox. R Suydam Grant, George 1. Wilber. O. A Peabody, E. H.
Harriman, James H. Hyde — (V. 79, p. 7S6; V.80, p. 11>0, 1174, 1383.)
Delaware
Western
(See Map.)— Operates main line from Hoboken, N. J., opposite N. Y. City, to Buffalo, N. Y.,
410 miles, with branches to anthracite region, etc., 547 miles, viz.:
Lines ownedrMiles.
Lines leased tf See each oo. Milts.
N. J. State line to N.Y. line ....114 M Utica Chenango & Susq
97
Br'nohestoN'rtinunberl'nd.&o. 80 ITValley RR. of N.
11
Lines leased
ITWarren
19
TTMorrls & Essex and branohes.156 itSussex, &o
47
1TN.Y. Lackawanna & Western. 203 Bangor & Portland By.,
ifCayuga & Susquehanna
34
(V. 72, p. 435)
75
Lackawanna &
RR.—
—
Y
—
&c
ITOswegoA Syracuse
35
^Syracuse Blng. & N.Y
Total operated Jan., 1905.. 957
81
History, Etc.—Original company chartered in 1832
present title
assumed in 1853. No sub-companies (ooal and mining) are controlled,
the railroad owning Its anthracite mines. In Apr., 1903 the entire
stook of the N. Y. & Hoboken Ferry Co. was purchased. V. 78, p. 815.
In Oot., 1904, incorporated Laokawanna Tunnel RR. V. 79, p. 2085.
;
Dividends—
'82-'84
*'86 to Jan., '05
'85
April ,'05
J 1881
Since 1 880, p. c.
8 yearly
7 yearly
2*3
I 6%
7*s
•In Dec, 1904, 10 p. c. extra was also paid. V. 79, p. 2642.
Earnings.— Earnings of New York leased lines only:
12 mos.end. Dec. 31.
Net.
Gross.
Int., taxes, etc
BaL.sur.
1904
1903
$10,925,764 $5,621,586 $i,463.2J6 $3,156,290
10,902,183
6,038,536
2,435.227
3,603,309
Annual Report.—Annual meeting is held on Tuesday preceding last
Friday in February. The report for 1904 was in V. 80, p. 868; see
also edit., p 844. The following includes all lines except Syr. Bingh.
&_N. Y., Sussex RR.,Bangor & Portland ana Lack. & Montrose RR.
lear end. Dec. 31.
1904.
1903.
1902
Passenger earnings
$5,215,919
$5,083,142
$4,592,036
Freight earnings
21,568,693 22,181,752
15,159,344
Miscellaneous
1,917,379
1,916,069
1,647.384
$28,701,991 $29,180 963 $21,398,764
Net after taxes
$12,049,228 $13,137,560
$6,921,342
Coal department (net)
*3,445,477
"3,036,194
*792,477
Other miscellaneous Income.. _696/725
464,742
401,519
Total net inoome
$16,191,419 $16,638,496
$8,115,338
interest and rentals
$5,324,596
$5,285,658
$5,250,213
Rentals, advances, eto
646,233
948,434
153,627
Renewals and betterments
3,446,719
4,319,166
3,058,149
Oivldends (7 p. o)
1,834,000
1,834,000
1,834,000
Extradiv. (lOp. o.)
2,620,000
....
Bala noe after dividends.. .sur.$2,319,871sr.$4,251,238 df.$2,180,652
1
8
osq^ ? 521
^,
1
of the ooal
department in 1904. $33,593,998; expenses,
$3,445,477; In 1903, $36,736,325; expenses, $33,?aa',
o?'
J ££*•
700,131;
net, $3,036,194; 1902, $19,445,950; net, $7*2,477.
IC R8 -President, w. H. Truesdale; Chairman of Board,
Samuel
Q £iT
a
a
-» ^ed F. Chambers, 26 Exchange Place, N. Y.
£
l^ e0o and Trea8
UOARD.-Samuel
Sloan (Chairman), Fredk. W. Vanderbilt, Wm. W. Astor,
-
e
**}?*' I? enrywA ^.c - Taylor, J. Rogers Maxwell, Geo. P. Baker, Wm.
R«£??# e £ r,
I mill
?1 Mork
r So£'r,
? „£ ^
f- Twombly, James Stlllman.M. Taylor Pyne, Harris
ah o ,to
^2 John D - Kockefeller Jr.
i ir
-(V.
79, p. 2795; V. 80, p. 868, 996, 1234.)
e
e I a, land
Virginia
Owns from Harrtngton
«J£ l
?,T rI* ,
;Y
Georgetown to Franklin City, Va., 54 miles;
w„i 9<?o «l Del-. 44ntmiles;
0ll d by PnUa - Balt - & Wash., which owns $326,&ift!u
=?o«
a l
£
of il
the i
$526,758
stook
(par $25), and so by Pennsylvania RR. See
V;«»?i p ^ k»- n an an<l bl118 Payable.
Deo. 31, 1904, $184,800; other
$ 5!*M61. In year ending Deo. 31, 1904, gross, $286,822;
S«? S&^ai"
8 9 , lte re8t ' tax e8 eto -. $49,506; balanoe, deficit for year
»,
2S n?T but
h t V>,V
,
$9,017—
this does
not 1Include Interest on the floating debt.
lK
aw
!
™
m
MO
-
&
RR.—
£
<
^
^
,
Delaware River RR.
&
Bridge Co.-Owns
a bridge over the
Delaware River near Philadelphia aSl about 10 miles
of connecting
i*l»S00,000) is all owned by the Pennsylvania
S^&J^SJSLS&S
e
on d8 pr nol P al ana Interest, by endors't. Divi££'*
JT Deo.
™£ g1900
i Q^A^ ?«n,
i
dends:
to 1904 Incl., 4
p. o. yearly (2 J. & D.). Sinking fund
Is 1 p. c, but bonds oannot be oalled.
Guaranty V. 63, p. 1062, 1159.
,
',
Denver Northwestern
6c
Pacific
Ry.— Building
from Denver
to Salt Lake, about 500 miles, along a line about 100 miles south of
the Union Pacific and 125 miles north of the Denver
Rio Grande.
By July 1, 1905, the first 100 miles to Sulphur Springs, Col., are expected to be in operation. In Sept., 1904, track laid from Denver to
Arrowhead, 75 miles, of which 50 miles were operated. Expected to
be completed early In 1906. See V. 75, p. 289; V. 78, p. 1108; V.
80, p. 1362. Northwest. Terminal RR. proposed. V. 79, p 1704.
Incorporated in July, 1902, with $20,000,000 authorized stook,
of which $10,000,000 pref. 5 p.c. non-cum., all to be issued for construction, together with $20,000,000 of the $22,500,000 4 p. c. bonds. V. 75,
p. 1147; V. 79, p. 102. President, David H. Moffatt; Vice-Pres., W. G.
Evans; Treas., W. E. Ross-Lewln; Sec, F. B. Gibson.— (V. 80, p. 1362.)
&
Denver & Rio Grande RR.-ffte Map)— Road— The lines of this
company, together with those of the Rio Grande Western Ry., whose
stook is substantially all owned, are well shown on adjoining map.
Miles.
Miles.
Road owned and operated. .2,398
Of the preceding:
Rio Gr. Jo. RR., eto. (leased)
62 Standard gauge
Narrow gauge only
Total June 30, 1904
2,460 2d track and 3d rail
Rio Grande & Southwestern RR. Lumberton Station,
.
.
1,544
917
405
Col., 42
miles southeasterly, will be acquired in 1904-05. V. 79. p. 907. Oontract for branch to Farmlngton, N. M., 52 miles, let In March, 1905.
History.— Reorganization of a railway oompany 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.
The Colorado Midland Is controlled by parties Interested severally In
the D. & R. G. and Colorado & Southern. V. 70, p. 739.
The Missouri Paclflo early In 1901 acquired $14,800,000 common and
t
$7,300,000 preferred stook, this, together with the Rookefeller Interests, it is understood, constitutinc; a considerable majority of the entire stook. V. 72. p. 338, 580, 1238 V. 73, p. 506.
D. & R. G. and Rio Gr. West, own a majority of the stook and have
given a traffic guaranty to the Western Pacific Rv., building from Salt
Lake City to San Francisco. V. 79, p. 1024; V. 80, p. 1480, and
Curoniclk of April 29, 1905.
Drvs. since ) '92 '93 '94 '95 *96 '97 '98 '99 '00 '01 '02 '03 '04 1905
•91 on pf .,p.c \
213 4
5Jan,2%
Stock.— During 1901-2 pref stock was increased from $23,650,000 to
$44,400,000, to acquire the Rio Grande Western stook. V. 72, p. 775
Bonds.— Consols of 1886 for $6,900,000 originally reserved for ex-,
tension to Ogden may be used for capital requirements. V. 78, p.
507. See abstract of mortgage in Chronicle, V.47, p. 228.
The improvement mortgage abstract was in Chronicle, V. 47, p. 229.
Abstract of R. G. W. 1st mort. was in V. 49, p. 237, and statement
to N. Y. Stook .Exchange, V. 50. p. 73; also V. 69, p. 284. Utah Fuel 1st
5s of 1931. see application to list, V. 78, p. 1171, 1178, 1548, 2015.
The Rio G. W. first consol. 4s of 1899 are seoured by a first mortbranch
Sage, either dlreotly or by all their securities, on 202 miles of
nes, and further by a second lien on 438 miles of main line and other
road, and on all new mileage to be constructed and rolling stook purchased, Including 50 miles of branches to Heber and ooal mines built In
'99; $15,200,000 are reserved to retire the 1st 4s, $4,036,000 were is
sued at $20,000 per mile for branch lines, or securities representing
the same, $300,000 to retire first mortgage bonds and $3,500,000 for
equipment and improvements. They are also seoured by a first lien
;
020022
.
4555
1558
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
.
RAILWAY STOCKS AND BONDS.
Apr.. liWS.j
1559
3=
RAILROADS.
Miles
Date
Size, or
INTERE8T OR DIVIDENDS.
Rate Per When Where Payable, and by
Amount
of
of
Par
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
dk Mackinac— Tret, stock. $1,000,000 auth.
All
...c*
"1st lien," $1,500,000, gold.
All
"Mort. bonds" $1,750,000 gold.red.atpar.Mo.o*
Detroit Southern— Bonds, etc to bk Outstandi NO UN
Ohio So. niv. M., $4,800,000, red. 105.to '06. .Ce 263
Car trusts un retired
All
Gen. Hen & div. 1st mort., $1,253,000, gold. ..
Text
Consol. mortgage. $22,500,000, gold
48
Det.<tTol.tiK.L.-lstU $3,000,000,g.gu.p.&l Ue.o''<fer
Dover <t Rockau>ay—8too)i,6 p. o., rental 999 years
Detroit
mo
,
,
1st
"5
mortgage
Oity—lU. Cen., W. lines, 1st M.,g.TJs.o*<fcr
Falls & Sioux City 1st M.. la. F. to 8. City
Cher & Dak.,C. R. &C. andOmahaDiv.,etc,lstM.
Dub.
<&
.
ctr
<t Iron Range—1st mortgage. Hip
2d mort., currency, red. at 105, $5,000,OO0.Ce.o*
mort.,
gold,
dt
North'n—lat
s.
f
Duluth Missabe
Ce
1st consol. M., $3,500,000, g., callatl05
Ce.c
2d mort. ($5,000,000) gold, red. at 105
Duluth So. Sh.dt Atlantic— Marq.H.&On.gen.M.Ce.o*
Duluth South Shore & Atlan., 1st M., gold.Ce.04r
Duiulh
First consol. mort., gold, interest guar.Ce.o*<fcr
ino. oerta. ($3,000,000 held by C. Pao. July, '02)
Car trusts Jan.
A Rainy Lake— 1st
M., $2,000,000, g...O*
o*
Duranao Central— 1st M., g., $20,000 p. m.«»
Dutchess County RR.—lstM.., g., gu. (text). Me., o*
East Mahanoy RR. Stock
East Pennsylvania—Stock 6 p.o gu.999yrs.Phu.&R.
IstM., gold, guar. p.&l. byP.A R. RR. (end.)...o*
Easl Tenn. Va. rf? Oa.— See Southern Rt.
East Tenn.tt W.N Car— 1st M.$250,000.«uP.cnr.c
Dul. Va.
32
12
—
New
1901
1,000
100
1881
1.000
1895
1,000
1869 500 &o.
1902
1902
1890
i'.obo
1,000
1,000
50
50
36
1888
1,000
31
1881
1.0C0
16,446,434 17,304,559 17,036,828 11,452,404
6,387,991 6,674,709 6,705.286
4,328,506
209,717
165,762
214,345
111,374
Total net income
6,602,336 6,r 84,426 6,871,048
4,439,880
Interest on bonds
3,170,802 3,083,404 2,*-98,093
1,855,122
Taxes and insurance..
662,041
580.016
671,470
396,471
436,797
500,000
296,420
305,651
310,314
274,864
Dividend on pf. stk.5% 2,220,000 2,220,000 2,220,000
1,182.500
234,413
185,764
362,625
730,923
Officers—Chairman of Board, George J. Gould; President.E. T. Jefffery; Vice-Presidents, Chas. H. Schlaoks and A. C. Bird; Treas., J. W.
Gilluly; Sec. and Compt., Stephen Little. Office, 195 Broadway, N. Y.
Directors.— George J. Gould, Mortimer L. Schlfl, Edward H. Haniman,
Winslow S. Pierce. E.T.Jeffery, Edwin Gould and Arthur Coppell, New York;
CbarlesH. Soblacks, Edward O. Wolcott, Denver. Col.
-(V. 78, p. 2598; V. 79, p. 899, 907, 2696; V. 80, p. 472, 871, 1111.)
Denver & Southwestern Ry.— See Cripple Creek Central Ry.
Net earnings
Other income..........
Dee Moines & Fort Dodge
RR.— Owns Des Moines to Ft. Dodge.
88 m., and Tar a to Ruthven, 55 miles; traokage, Illinois Central. Tara
to Fort Dodge Junction, 6 m., lnoluded above. On Mar 1, 1904,Minneapolis & St. Louis acquired $2,530,000 of the $4,283,100 common
atook, and guarantees the $3,072,000 new first mortgage 4 per cent
gold bonds, whioh were issued to retire all the outstanding bonds
maturing Jan. 1, 1905; the Minn. & |St. L. leases the road for 30 years
from Jan. 1, 1905, all inoome over charges, improvements, etc., to be
paid to lessee. V, 79, p. 268, 1704, 2085. Form of guaranty, V. 7 J, p.
2696. Preferred stook is entitled to 7 p. o., non-oumulatlve, then
common to 7 p. o., after whioh both share equally.)
la.,
Dividends.— \ 1893 '94
'95
'96 to '93
1899 to 1903
1904
on pref. (p. o.) J
2
4
4
6 yearly
7 yearly
5
Pres Edwin Hawley; Vioe-Pres., L. F. Day; Treas., F. H. Davis;
Sec, W. S. Crandell. Rental for vear ending Deo. 31, 1903, $165,773;
1901, $207,573.-(V. 79, p. 268, 786, 1704, 2587, 2696; V. 80, p. 1174
,
)
Des Moines Iowa Falls
& Northern By.- Iowa Falls, la., to
Des Moines, 75 miles; completed Aug., 1903. Extension north from
Iowa Falls to be built soon.
Stock authorized, $1,200,000; outstanding, about $900,000 In April,
1905; par of shires $100 each. Bonds are subject to call at 105 on
and after July 1, 1906; they are limited to $14,000 per mile, with $50,000 additional for Des Moines terminals. Pres't, E. 8. Ellsworth, Iowa
Falls; Sec, J. H. Funk; Treas., W. H. Woods. -(V. 76, p. 158.)
Des Moines Union Ry.—Terminal road in Des Moines; owns 4
miles main track and branches, 14 miles 2d and side traoks, bridge
across Des Moines River and 25 aores of land in Des Moines. See
statemeLtto N. Y. Stock Exchange V. 65, p. 1173. Leased to Wabash.
RR., Chioago Great Western, Chic. Mil. & St. P. Ry Chicago Burlington & Qmncy RR. and Des Moines Iowa Falls <fe Northern Ry. V. 75,
p. 342. Rental equal to expenses and fixed charges paid monthly by
lessees on wheelage basis. Stook authorized, $2,000,000; outstanding,
$400,000; par $100. Bills payable June 30, 1904. $84,552. Year 190304, gross, $259,715; net, $51,212; charges, $54,212.— (V. 75, p. 342.)
l
r lt < r nd Haven & Milwaukee Ry.—Owns from De»_ ?fl ?,
t 2
and Hay en, Mich., 189 miles. A reorganization of Septemk r -£?r7o
878
ne Principal and Interest on the bonds are guaranteed by
?J? '/^
the
Grandi J[
Trunk of Canada. Stock, $1,500,000; par, $50. Real estate
bonds or mortgages, $226,000. On June 30, 1904, sundry outstanding
aooounts, $353,405. Grand Trunk of Canada own the $1,500,000
stooK. is to offer to bondholders In 1900, see V.
71, p. 84.
EARNINOS.-2 mos., )1905
Gross, $210,0' 8; net, $40,718
Jan. 1 to Feb. 28. \ 1904
Gross, 194,173; net,
311632
F 6
nd
3
9 4
573
'° 32; D6t $85 98?:
*
oh arge s,^?io?3 i 9na"l.Tef $9l 3 3 2
e
n n
D eo 81 1903 gross, $1,252,294; net. $291,831;
«h«2L£
?L ,*K
oharges, «Uo
$359,481;
bal., def.,$67,650: For 1902, gross, $1,151,361.
Detroit Grand Rapids & Western.— See Pere Marquette RR.
,ltnwe »terllR R.—OwnsYpsllanti Mich.,
^twtH* H., n°Q,"h da6 5J e&
m ?°
Lea 86 * in perpetuity July 1, 1881, to the Lake
^
ah?~^
m,'
,
Bhore & Mich. Southern Co.; rental $54,0O0 per year-4% on stook.
,
<
,
,
'
'.,
^
*
'
«
1
*
'
Detroit Mackinac & RIarqnette RR.—See Miscellaneous Cob.
»J?ffJ!
n>
V?^,
Lincoln
io-*
° ml
.
Me8»«k'nac
408
Ry.-Owns from BayClty, Mioh.,toOhe* «ranoh, 32 m. Prescott Branch 12 m.;
Cit
?,
o
i \ J miles;
Branoh,
14
4 g.
4,253.000
4l2g.
2,675.000
2.116,000
*g6
140,000
35,000
6
5,425,000
4 g.
7
2,800,000
8,930,000 Illinois
5
6,732,000
See text.
6
1,174,000
6 g.
1,490,000
6g.
4,103,000
5 g.
6
1,077,000
3,816,000
5 g.
15,107,000
3,000,000
246,412
See text.
5 g.
640,000
5g350,000 4ifl (6) g.
497,750
5
6
1,730,450
4g.
495,000
1*
250,000
See t*xt.
1905
on the entire $10,000,000 stock of the Utah Fuel Co. Additional con
sols may also be Issued at $20,000 per mile for future branches and
extensions or for underlying Hens of acquired roads 8ee application
to list in full, V. 72, p. 537. V. 72, p. 775, 1189 List of securities
deposited as collateral June 30, 1904, V. 79, p 909.
Latest Earnings.—From July 1 to Feb. 28, 8 months:
Bal., sur.
Cross.
Oth. inc.
Charges.
Net.
8 mos.—
190J-5... $11. 421,746 $4,696,620 $174,613 $2,763, «62 $2,107,371
1903-4... 11,295,033
186,736
4,354,051
2,667.784
1,883,003
annual Report.— Full report for 1903-04 in V. 79, p. 899, 907, the
Rio Grande West, being Included.in three later years only. See p. 879.
1904.
1903.
1902.
1901.
Year ending June 30- Average miles oper"ted
2,398
2,378
2,347
1,668
$
$
$
$
Au Ores
Branch, 8m.;
various logging
J.
J.
&
&
&
&
6
N. Y., H. K. MoHarg.
J.
1).
N. Y., J. P.
D.
S.
4*a to 6
abt. 400,000
1905
1905
1903
J.
4g. M.
4,304.000
1,000
'36
mortgage, $50J,000
4g.
4g.
1,050,000
1,250,000
DEK P LAN
1905
1,
$950,000 5 in 1904
1,000
1.000
218
184
328 •88-00
184 1887 l.OOO&c
184 1896
1,000
65 1892
130 1893
1,000
130 1898
1,000
156 1885
1,000
416 1887
1,000
572 1890
1,000
1892
S.
Iowa
$100
1895
1895
Whom.
Payable
Cent.
do
.Bonds— Principal, When
Due.
Stocks— Last
Dividend.
Jan.
3, '06, 2>s
1, 199o
1, 1995
Morgan & Co. June
do
June
N. Y., Colonial Tr. Co
Mch. 1, 1941
New York.
To Oct. 1.1912
Int. fioui Deo. 1, 1905
1955
Int.
from Aug.
1.
1905
1975
& J. N. Y., Meroant. Tr. Co. Jan. 1, 1953
A. & O. N. Y., 143 Liberty St. Apr., 1905, 3%
do
do
J. & J.
Jan. 1, 1906
F. & A. N. Y., Office, 214 B'way. Aug. 1, 1951
do
do
A. & O.
Oct. 1, 1917
entral b onds or collateral there for.
A. & O. N. Y., Of., Empire Bldg. Oct. 1, 1937
do
do
Jan. 1, 1916
J. & J.
Jan. 1, 1922
J. & J.
*.
Y.,
Central
&
Trust
Co
Jan. 1, 1923
J.
J.
do
do
Jan. 1, 1918
J. & J.
A. & O. New York, 44 Wall St. Apr. 1, 1925
do
do
Jan. 1, 1937
J. & J.
Aug. 1, 1990
F. & A. New York or London.
New York.
Deo. 31, 1912
J.
1904 to 1906
M.
A
&
S.
J.
M.
&
N. Phila. Gu. T.
Minneapolis, Minn.
Mch. 1. 1922
See V. 79, p. 1704.
J.
July 1, 19f! 2
J. & D. Fid. I.T.& S.D.Co.. Phil. Jnne 1, 1940
J.& D.1B Phila.,Pa., Read. Term. i>ecl5,*04,2<*
J. & J. Phil., Phil. & Read. Ry. Jan. 16,'05,3%
M. & S.
do
do
Mch. 1, 1958
& 8. D. Co.
Nov.
1,
1905
branches, (largely temporary) 69 miles; total, 330 miles. Extension
north from Tower to Cheboygan, 22 miles, was completed in July
1904, and to be continued to Mackinaw 23 miles further. In 1903-04
carried 872,768 tons, of which forest prod uots furnished 61 72 per ot.
In 1902, Henry K. MoHarg and associates acquired control.
Bonds.— " Mortgage bonds " for $500,000 were reserved for betterments, etc, at not over $50,000 per year. V. 74. p. 629. In addition
to the amounts shown above as outstanding, $450,000 •'first Hen" and
$100,000 '•mortgage" bonds were on June 30, 1904, held in the treasury.
Stock.—The capital stock is $3,000,000, of whioh $2,000,000 oommon and $1,000,000 5 p, c non-cum. preferred. See V. 74, p. 629.
Div. on pref., 2*3 p. c, July 1, 1903; since to Jan., 1905, 5 p o. yearly.
< 1904-5
Gross, $633,317; net, $194,716
Latest Earnings.—
Gross, 641,281; net, 210,894
8 mos., July 1 to Feb. 28. ( 1903-4
Earnings.— Report for year enduig June 30, 1904, was in V. 79. p.
2145, showing, gross, $981,315; net, $378,157; Int., taxes, etc, $164,177; pref. dlv. (5 p. c), $471,500; bal., sur. $166,480.— (V. 79,p.2145.)
-
RR.—
Operates from Detroit, Mlch.,to Ironton,
Detroit Southern
via Lima, 384 miles, including 46 miles of traokage; branches, (King,
Jackson to Cornelia, 20 m., and Lisman Jot.
man to Sedalia, O., 31
to Dean. O 3 m.; total, 438 miles; coal mine tracks, yard tracks and
sidings, 121 miles. Outlet fur bituminous coal of Southern Ohio.
Organization.— In July, 1904, Samuel Hunt was appointed receiverand $650,000 two-year 5 p. 0. receiver's certificates ($1,000,000
authorized) were issued, subject to call after six months. V. 79, p. 269,
680 Foreclosure sale, subject to Ohio So. division mortgage, Is set
for May 1. V. 80, p. 1111.
Committee for 50-year 4s.—Otto T. Bannard, Chairman; N. Y. Security & Trust Co., depositary. V. 78, p. 2011; V. 79, p. 151, 627, 680; V.
80, p. 650.
Stockholders' Committee.—John E. Borne, Chairman; Colonial Trust
Co.. depositary; V. 79, p. 680; V. 80, p. 650, 996.
Reorganization Plan. The committee named above, in Feb.. 1905.
issued a plan of reorganization, given In V. 80, p. 650, in pursuance of
Co., providing for the foreclosure
an agreement with H. B. Holllns
of the first 60-year 4 percent mortgage and the issue by » new company of the securities shown in the table above. The plan will provide $2,500,000 cash for expanses of receivi-rship and reorganization,
improvements equipment, development of terminals, extensions, eto.
"It also contemplates an «»ntranoe into Toledo and addition \l tonnage
and valuable traokage agreements with connecting lines " In Apr.,
1905, 85 p. 0. or the stock had been deposited. V. bO, p. 1478.
m
,
,
&
SECURITIES OF PROPOSED
NEW COMPANY.
Common
stook representing oontrol (par $100)
Not fixed yet.
1st preferred 4 p o non-cum.. with preference al°o as to
$7,500,000
assets and convertible at option of holders into 2d pref.
5,000,000
2d preferred 5 p. 0. non cumulative (par $100)
The $4,253,000 gen lien and dlvis. 1st 4s are to be secured by mort
on entire system, inoluding future property, except Toledo terminal.
The consol 4 s will cover the whole system and also be a first Hen
upon the stock of the Toledo Southern RR. and all additional mileage
constructed or acquired by means of bonds oth' r than the $2,675,000
now to be issued. The $2 3,500,000 consols are issuable as follow.-:
$4,500,000
Reserved to retire Ohio Southern Division bonds
4,253,0J0
general Hen and divisional 1st M. 4s
do
do
320,000
do
car trust notes
do
Issuable at par for assessment on stock
1,175,000
To und-rwriting syndicate for cash
1,500,000
Reserved for issue by directors for corporate purposes at
2,500,000
not exceeding $"50,000 yearly
Reset ved especially for extensions, terminals at Toledo or
bridges,
improvem'ts,
etc 8,252,000
elsewhere, Ohio River bridge or
EXCHANGE OF OLD SECURITIES FOR NEW STOCK AND BONDS.
,
•
Paiti g
Each f'.OOOo/—
M. 60-jear4s
'
ssess.
....Nona
Preferred stock ($rt,500.000) .. $IU0
($10,50J,OUO)
ftoos
50
Common
1st
($3,8fl*.0<10)
Will receive
.
New 4».
New &>4s.
Pref
.
.
it\.
2d
pref.
$1,10)
$100
$1,003
$400
50
Report for year ending June 30, 1904, was In V. 79, p. 2202,
showing on 438 miles, gross, $1,488,937; net, $199,849; int. and
taxes, $409,994; bal., our., $210,145. In 1902-3, gross, $1,444,900; net
$354,965. -(V. 80. p. 996, 1058, 1111, 1362, 1478.
Extends from Toledo to
Toledo Shore Line
Detroit
(suburbs of) Detroit, 47-6 mUee; 2d track, 20 m.; sidings, 3 m.; traokage over Toledo Rv & Terminal Co., etc, 31 m.; total track, 101*6
miles; laid with 80 lb. steel rail. See V. 78, p. 2598.
RR.—
&
The Grand Trunk Western Ry. and the Tcledo St. Louis <fe Western RR.
the entire stock and jointly guarantee the bonds, prlnolpal and
interest, by endorsement. See form of guaranty, V. 76, p. 653. The
unissued bODds are reserved for extensions and improvements.—
own
President, T. P. Shonts.-(V. 77, p. 88, 250, 628; V, 78, p. 2442. 2598.)
Dominion Atlantic Ry.— (V. 79, p. 2747; V. 80, p. 711, 996.)
(See Map of Illinois Central)—
Dubuque
Sioux City
Owns Dubuque, Iowa, to Iowa FaUs. 143 miles; Iowa FaUs to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa. Iowa,
to Sioux FaUs, Dakota, 155 mUes; Cedar FaUs to Minnesota State Line
(merged by consolidation in 1896), 76 miles; Tara Station, near Fort
Dodge, la., to OounoU Bluffs, 130 mUes; total owned, 730 miles.
&
RR.—
RAILWAY STOCKS AND BONDS.
1560
RAILROADS.
Miles Date
For explanation of column headings,
on first page of tables.
&o., see notes
$100
,
mortgage
Income bonds, 99 years
run
c*
<& Pitts.— Stook, 7 p. o. rental,999 yrs..PennCo.
General mort. (now 1st) $4,500,000, g., guar.TJn
Erie Railroad—Com. stook, $133,000,000 auth..
Erie
1884
1,000
"8*5
85
1860
1863
1,000
1890
1.000
500
50
100
100
100
pref. stock, 4 p. o. non-oum
1st pref. stock, 4 p. o, non-oum.. --
Consoltda ted.
447
N. Y. <fe E. 1st M. .Pierm. to Dun. ext. '97, gold. c
447
c*
2d mortgage, (extended in 1879) gold
447
o*
3d mortgage, (extended in 1883) gold
475
c*
4th mortgage, (extended in 1880) gold
475
o*
5th mortgage (extended in 1888), gold
60
Erie R'y.lst M.,Buff. Br., Homellsv. to Attioa.g.c*
526
1st consoi. mort., $30,000,000, gold, $&*.F.c*
526
N. Y. L. E. & West, funded coupon bonds, gold.c*
c*
140
Bufl. N. Y. & Erie, 1st M. (Buffalo to Corning..
67
Buff. & Southw.. 1st M., Buff, to Jamestown, g.o*
,
Newburg & N.
B— Bonds
Y. 1st M.,
g.,
,
.
extended in 1889.
c*
on Properties Controlled by
*Bergen Co. RR., 1st M., Ruth. Jo. to Ridgew. N.J.
*Ch.&Erie 1st M.,g. (Marion.O.,to Ham'd.IndCe.C
Chicago <fe Atlantio Terminal, 1st mort., g.Ce..
{Elmira State Line Railroad, 1st mortgage
ITGosb. <fe Deck't'n. 1st <fe 2d M's.. ($60,000 are 2d)
1847
1849
1853
1857
1858
1861
1870
1878
1876
1877
12 1868
Owne RSHIP
10 1881
250 1890
1888
1875
1,000
1,000
1,000
1,000
500 &o.
200 <fcc
1,000
500 &c.
1,000
50
<fec.
1,000
*68-'69
Organization.— Controlled since April, 1887, by the Ill.Central RR.,
which owns all except a few hundred shares of the $15,000,000 stock
(as increased June, 1900). and has issued its own bonds on the road;
the only D. <fc 8. C. bonds held by the publlo are the 7« issued under
Iowa Falls & Sioux City mortgage, $2,800,000. Lease, V. 79, p. 1274.
Dividends 8INCE 1894—1895, Deo., 1 '96, 3; '97, 2; '98, 3**; '99, 3;
1900, 3; 1901, lia; 1902, Jan. 1.— (V. 70, p. 1290.)
Dul nth & Iron Range RR,-Owns Duluth to Ely, Minn., 119
miles, with branches to Mesaba Range Mines, Fayal, etc., 65 miles. Owns
ore docks and yards on Lake Superior costing over $1,500,000.
Stock, Etc.— Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, of whioh
201,790 acres had been patented to it prior to April 30, 1895; V. 64, p.
1041. Federal Steel Co. (see U. S. Steel Corp.) owns the stook and
$3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66, p. 1237.)
First mort. bonds authorized, $25,000 per mile for oonstruotion and
$7,000 for equipment. Dividends prior to 1900 aggregated 100 p. c;
in 1901-2. 6 p. c; in 1903-4 from accum. sur.. 150%. V. 79, p 2085.
For year ending June 30, 1904, gross, $4,003,215; surplus over
charges. $1,032,470. In 1902-3, gross. $6,029,939; net. $3,578,294;
other income, $32,827; interest, $606,600; depreciation funds, $448,351; balance, surplus, $2,566,170.— (V. 79, p. 2085.)
Duluth TOlssabe Northern Ry.—Owns from Duluth to Mountain Iron, Minn., 77 miles; branches and spurs, 76 miles; trackage to
Union Depot, Duluth, 2 miles; total, 155 miles. Entire $2,512,500
stook and $2,047,000 of the bonds are owned by Lake Superior Consolidated Iron Mines, and so by United States Steel Corporation. V. 72,
p. 1038. In 1903-4 paid dividend of 150 p c. from accumulated surplus. V. 79, p. 2085. For year ending June 30, 1904. gross, $3,701,416; sur. overcharges, $1,142,431. In 1902-3, gross, $5,116,530; net,
$3,215,246.— (V. 79, p. 2085.)
Duluth South Shore &. Atlantic Ry.—Operates Duluth to Sault
"Soo" Junotion to St. Ignaoe, 43 m.; other, 121
Bte. Marie, 415 miles
m.; total, 579 miles, including 10 miles of trackage.
Capital Stock.—Common stook is $12,000,000 preferred, $10,000,000 par both $100. Preferred stook is 6 per cent, non-cum. Canadian
Pacific Julyl, 1904, owned $6,100,000 com. and $5,100,000 pref. stook,
$3,000,000 incomes and $15,107,000 consols.
Bonds, &C— Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per cent.
guaranteed by Canadian Pacific, which July 1, 1904, held the entire
outstanding issue [$15,107,000] in its treasury as seourity for its 4 p. o.
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.
Latest Earn's.— 8 mos., ) 1904 5. ..Gross, $1,749,825; net, $574,803
July 1 to Feb. 28.
1,737.60; net, 538,038
S 1903-4. ..Gross,
Def. undercharges, $154,027 in 1904-5, agst. def. $163,687 in 1903-4.
Report.— Fiscal year now ends June 30. (Report for year ending
;
&
;
;
;
;
June
30. 1904, in V. 79, p. 1326.)
Gross.
Net over taxes. Oth.inc.
Balance.
Tear.
Interest.
1903-4. .$2,524,612
$564,764 $11,484
$859,700 def. $283,452
1902-3.. 2,772,134
813,831
14,665
def. 31,204
859,700
Of the tonnasre in 1903-04. ores furnished 41 p.o., lumber, etc, 31 p.c.
Pres., W. F. Fitch, Marquette, Mich.-(V. 79, p. 1326; V. t:0, p. 472 )
Duluth Virginia dc Rainy Lake Ry.— Projeoted from Virginia,
Minn., northerly to Koochiching, 97 miles, with branches, of which 25
miles from Virginia to Ashawa was in operation in April, 1904.
Stock authorized, $2,000,000. In March, 1902, filed a mortgage to
Trust Co. of Minneapolis, as trustee, to secure
the Minnesota Loan
$2,000,000 bonds, of which $1,500,000 are issuable at $15,000 per
mile of single track and remainder for rolling stock, etc. President,
Wirt H. Cook; Secretary, Frank W. Helmlok.— (V. 74, p. 679, 936.)
&
Dunkirk Allegheny Valley & Pittsburg.—Owns
91 miles.
A
from Dun"
consolidation in 1872*
Operated since Oct. 1, 1901, by the Lake Shore & Mich. So. Ry. for
account of New York Central, to whioh leased for 500 years from
1873 at lia p. o. on stock. Capital stock, $1,300,000, N. Y. Central &
Hudson River Co. owning $1,067,600; par, $100. For year ending
June 30, 1904, gross, $292,428 net, after deducting taxes ($13,143),
$62,481: charges and dividends, the latter, $19,500 (lia P. o.), paid by
N. Y. Central.— (V. 70, p. 1290.)
Poughkeepsie to Hopewell Jet., N. Y.,
Dutchess County
12 miles. Leased to Central New England Ry. for interest on bonds,
taxes and rental of $100 per annum, but lease assumed by New York
New Haven & Hartford RR. on Dec. 1,1904. Stock, $300,000; par,
$100.— (V. 79, p, 2641.)
kirk, N. Y., to Titusville, Pa.,
;
RR.—
East Broad Top
RR. &
Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, Shade Gap RR., 11 miles,
and branohes to mines, 3 miles. The Shade Gap RR. was to vote Aug.
15, 1902, on consolidation. See V. 75, p. 77. A coal road, opened in
1874. Stock $815,589 (par $50), of which $247,189 is 6 p. c. pref.;
current liabilities June 30, 1904, $404,813. First mortgage 4s ($500,000) due July 1, 1903, remain unpaid; no int. paid thereon since Jan.
1885. Other bonds, $42,400, int., 6 p. c, payable M.-N. Year 1903-04,
bal., deflolt,
fross, $155,395; net, $60,954; interest, etc., $78,769
17,815. President, Wm. A. Ingham.— (V. 77, p. 145).
East Louisiana RR.— See New Orleans Great Northern RR.
East ahanoy RR.— Owns from East Mahanoy June, to 8t.
Nicholas and branches, 11 miles. Re-leased Deo. 1, 1896, for 999
;
m
g.
g.
ft
5
J.
&
J.
M.
<te
N.
500,000
5g. J. & J.
500,000
5
M. & N.
500,000
7
J. & J.
963,000
6
J. & J.
570,000
5
A. & O.
2,000,000
7
Q.-M
4.458,000
3*9 g. J. & J.
112,378,900
16,000,000
47,892,400 4 in 1904 F.""& A.
When Due.
Stocks— Last
Dividend.
OR A
,
N. Y., Nat. Bank Com.
Phila., Broad St. Sta.
do
do
do
do
do
do
July
1,
5g.
4g.
4g.
7g.
7g.
7
6g.
5
M
g.
12,000,000
300,000
160,000
246.500
5
g.
Sg.
7
6
1924
May, 1905
Jan., 1905
Jan. 1, 1910
Oct.
1,
2862
N. Y., Union Trust Co. Mar. 10/05,1%
do
N.Y., J.P.
do
July
Morgan & Co. Feb.
1,
1940
28, '05, 2
& N. N. Y.,21Cortlandt8t. May 1,
& 8.
do
do
Sept. 1,
& 8.
do
do
Moh. 1,
A. & O.
do
do
Oct. 1,
J. & D.
do
do
June 1,
&
J.
J.
do
do
July 1,
M. & 8.
do
do
Sept. 1,
M. & 8.
do
do
Sept. 1,
J. & D.
do
do
June 1,
J. & J.
do
do
July 1,
J. & J.
do
do
Jan. 1,
(J)ofCa pital Stock, or by (ff) Lease.
A. & O. N. Y., 21 Cortlandt St. Apr. 1,
M. & N.
do
do
May 1,
J. & J.
do
do
July 1,
A. & O. Elmira.Chemung Co.Bk Oot. 1,
5 g. M.
4 lag. M.
AJORITT
200,000
6
(*)
N. Y.,No. Am. Tr. Co. Dec.31, 16-'35N. Y., 71 Broadway.
May 1. i»4i
4g. M.
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,600
16,891,000
3,699,500
2,380,000
1,500,000
250,000
OF Enti RE
1,000
1,000
1,000
500 &c.
Rmids— Principal,
$3,477,300
1,000 None.Apr'05
1,000
8,500,000
2d
A— Old Bonds Assumei>— Roads
INTEREST OR DIVIDENDS.
Amount
1904
1891
50
50
75ifl
to
Par
Rate Per When Where Payable, and by
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
of
of
Eastern Kentucky Ry.—Stock ($1,779,500 is pref.)
Eastern Ry, of Minnesota— See Great Northern.
El Paso Union Pass. Depot- 1st M.,g., $240,000 s. f.
181
Elgin Joliet «fi Eastern— 1st M. ($10,000,000) g.Ce.o*
Elmira Cortland <t Northern—See Lehigh Valley RR.
100
line
Elmira <£ Lake Ont.—Sodus Bay & 8o.— 1st M. g.
Klmira <& WUliamsport—SVb, com., 5 p. o. ren'l, N.C. 75i«
Preferred stock, 7 p. c. rental, 999 yrs.,No. Cent. 75ia
1st
Size, or
[Vol. lxxx.
1947
1919
192S
1920
1928
1931
1920
1920
1916
1908
1929
1911
1982
1918
1905
1928-29
Various
years to Little Schuylkill Nav. RR. and Coal Co. at 5 per cent on stock;
and lease assigned to Phil. <te R. Ry. Of the stock $283,650 is owned,
$280,000 being deposited by Reading Co. under its general mortgage.
East Pennsylvania
Owns Reading, Pa., to Allentown, Pa.,
35 miles; second track 18 miles; all track 76 5 miles. Leased for 999 yrs.
from May 1, 1869, to the Philadelphia <& Reading RR. at a rental of 6
per cent per annum on the stook 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 Tennessee Virginia
Georgia.— See Southern Ry. Co.
East Tennessee Western North Carolina RR..—A narrow-gauge road from Johnson City, Tenn., to Cranberry, N.C, 34 miles,
Including 3 miles leased. Stook, $501,900. Extension from Johnson
City to Elizabethton, 10 miles, to be completed as third rail on May 1,
1905. The stockholders will vote June 14,1905, on acquiring the 4
miles of road in Mitohell Co., N. C, belonging to the Cranberry Iron
& Coal Co., providing for the payment of the present bonded debt
and authorizing $500,000 bonds to be secured by a new mortgage.
V. 80, p. 1478. For calendar year 1904. gross, $161,730; net, $65,259;
int. and taxes, $10,251; bal., sur. $52,003.— (V. 80.p. 1478.)
Eastern Kentucky Ry.—Road from Riverton to Webbville, Ky.,
36 miles. Chartered in 1866 and opened through in 1889. Stook is
common $1,697,800; preferred $1,779,500. There are no bonds. Bills
and aocounts payable June 30, 1901, $38,034. Earns, for year 1903-4,
gross, $63,612; net, $4,689. In 1902-3, gross, $66,594; net, $1,977.
Eel River
See Logansport & Toledo Ry.
El Paso Union Passenger Depot.—V. 78, p. 704; V.79,p.2795.
RR.—
-
&
&
RR.—
Elgin Joliet & Eastern Ry.—Owns from Waukegan, HI., on
Lake Michigan, via Spaulding and Joliet, to Porter, IncL, 130 miles,
and branohes Normantown to Aurora, 10 miles—Walker to Coster, HI.— 32 miles; Hammond to Whiting, Ind., etc., 9 miles; total
main line owned, 181 miles; spurs to coal mines, etc., 16 miles;
trackage (L. N. A. & Chicago. 9*a; Chicago & West Indiana, 4-8; Belt
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 93 miles,
total track operated, 320 miles.
Organization.— An outer belt line at Chicago for transfer of freight
Also reaohes coal fields. Entire capital stock
and so by United States Steel Corporation.
Stock.—Stook, $6,000,000, par, $100. Dividend, 4 p. e. yearly (in
December) in 1899 to 1903. inclusive.
Bonds, Etc.— First mortgage balance unissued can be disposed of
for extensions, betterments, etc
Report— For calendar year 1904, gross, $2,208,559; net, $753,101.
Surplui.
Gross.
Net.
Oth. income.
Interest, etc.
Tear.
$21o,814
1902-3... $2,196,418 $671,295
$13,089
$468,570
1901-2... 2,178,484
795,800
19,225
404,544
410,481
without breaking bulk.
owned by Federal
Steel Co.
Banks— (V. 74, p. 151, 205; V. 75, p. 1399.)
Elmira Cortland &. Northern Ry.— ("See Map Lehigh Valley. j—
President, A. F.
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 stook was purchased and 5 per
cent bonds were guaranteed by the Lehigh Valley and the road leased
in July, 1903, for 999 years to the Lehigh Valley Ry. of New York, a
subsidiary company. (V. 63, p. 402.)
Elmira & Lake Ontario RR.—Owns from Canandaigua, N Y., to
Chemung Junotion, 64 miles Sodus Point to Stanley, 34 miles other 2
;
;
A consolidation in December,
1886, of the Sodus Bay
& Southern and other railroads. Leased at cost of operating to the
Northern Central, whioh owns all the $1,500,000 stook. Lease may
be terminated on thirty days' notice. Year ends Dec 31.
Balance
Gross.
Net.
Interest.dtc.
Earnings.
$944,437 op.def.$6,769
$93,777 def. $100,546"
1903
20,701
828,244
88,790
68,089 sur.
1902
Wllllamsport
Owns from Willlamsport, Pa., to
Elmira
Elmira, N. Y., 75*a miles. Leased to the Northern Central Railway
for 999 years from May 1, 1863. The dividends on the common stook
are 5 p. o. and on the preferred 7 p. c, less taxes, making dividend on
common 4*52 per cent and on preferred 6*35 per cent. Year ending
Deo. 31, 1903, gross, $1,474,246; net, $262,324; rental, $199,511.
See New Mexico Ry. & Coal.
El Paso &, Northeastern
Owns New Castle, Pa., to Girard, Pa., 81
Erie &. Pittsburg
miles; branoh, to Erie Dooks, 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 oent on stook and
interest on the bonds, and the lease transferred to the Pennsylvania
Company. Tax suit, see V. 71, p. 135.
Stock.—The stockholders on Jan 9, 1905, authorized an increase in
the stock from $2,000,000 to $4,500,000, the now stock to be Issued as
required for improvements, to be subordinate to the old stook, but to
be guaranteed 7 p. c. dividends. V. 80, p. 162.
Earnings.—The lease was unprofitable to the lessees in former years,
the deficiency being in 1898, $137,967; but in 1899 profit. $32,873; in
1900, profit, $118,216; in 1901. profit, $307,498; in 1902, profit,
$254,142; in 1903. profit, $197,549.— (V. 80, p. 162, 472.)
Erie Railroad.— See Map on adjoining page.—Embraces trunk
line from Jersey City, opposite New York City, to Chicago, LU., 998
—total, 100 miles.
&
RR.—
RR.—
RR.—
5
.
Apr., 1005.
RAILWAY STOCKS AND BONDS.
j
RAILROADS.
Miles
explanation of oolumn headings, Ac, see notes
on
first
:
page of tables.
Date
or
Size,
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, when Due.
When Where Payable, and by Stocks— Last
Amount
Rate Per
of
Par
Road. Bonds Value. Outstanding
of
BB—
depot, gold..FP.o*
-Long Dock Co.oons.M.,g.(now lstM.Hseetextlc*
IJMont. A Erie, 1st A 2d morts. ($40,500 are 2ds)
t N. Y. & Green w. L.. Prior lien M. ,$1 ,500,000. N ,g.
{New Jersey A N. Y., 1st M. (reorganization) . . .o'~
Gen. M., $1,200,000 (red. 105 after 5 years).. .gT
Carbondale to
S.
37
52
34
1889
1885
66'67
1896
1880
1892
1882
1883
1880
N.Y.L.E.AW.C.ARR.l8tM.,"lawfulmon."l?Ipc
*N. Y. L. E. A W.D. A I. Co. Is' M., V. 56, p. 82.F.C*
422
gold, $ A *.F.o*
*N. Y. Pa. & Ohio, prior lieu
Do. Leased lines see separate statements for Clev. AMah.
New
Jerse
Northern
y— Tio
IF N. Y. Susquehanna & Western—
C— Erie Railroad Company New Bonds.
67 1895
2d mort. on Buffalo A South west'n, gold..Mo.c*
1895
F.o* Ar
Prior lien bonds, $35,000,000, gold
1895
o*<fcr
General lien, $140,000,000, gold
1901
Pa. oolL tr. M., $36,000,000, g., s. f., textMe. .o<fcr
1903
l8toonv.M.,$50,000,000,g.,oonv.int.oom.stk.So*<fcr
N.Y.L.E.& W. oar tr.,B. to G. inoL, part pd. an.o*
88-"'90
N.Y.Pa. A Ohio eq. trusts, snk. fd. 3*, dr'n at 100
1900-4
Hew Erie RR. equipm't trust, gold, part yearly..
1904
gold, $160,000 due semi-ann
do
do
Avon Geneseo A Mt. Morris and Rochester A Genes see Va
Eureka Springs—See St. L. A No. Arkansas RR.
40 1879
EvansvUle <t Indianapolis—T.H.A South. IstM.Fc*
55 1884
EvansvUle A Indianapolis 1st M., gold, guar.F.o*
135 1886
Con.M.($2,500.000)g.gu.p.&i.(end.)E.AT.H.Fo"
M
—
,
Evans. <£ Terre Haute— Common stoek, Col
Preferred stock, non-cumulative. See text.Col
Consol. mortgage (1st lien) gold
o*
1st consolidated mortgage, gold.
F.o*
Mt. Vernon Branch mortgage, gold
F
1,000
1,000
100 Ac
500 Ac.
500 Ac.
1,000
1,000
1880
1881
1883
1,000
1,000
1,000
1,
000 Ac
l.OCOAc
1,000
£100
1,000
lley Sto
1,000
1,000
1,000
1,000
1,000
1.000
and branches 1,317 miles; total, 2,315 miles; second traok, 742
3d and 4th tracks, 33 miles; total, 3,090 miles.
Miles.
Leased lines.
Miles.
Lines owned in fee.
Plermont, N. Y., to Dunkirk.. ..447 Avon Gen. A Mt. Morris
1T15
Montgomery
Erie....
Jamestown,
N.
Y.
67
A
.
Buffalo to
1T10
140 Northern RR. of N. J
Buffalo to Corning, N. Y
1[26
139 Goshen A Deokertown
1112
Other branches
Rooh. A Genesee Valley
Stock all * or nearly all J owned.
1fl8
11250 Other lines
43
-Chicago A Erie RR
Leased to Nypano RR.
1145
Jefferson RR
N. Y. A Greenwood L. RR
H52 Cleve. A Mahoning Valley RR. H81
iNew Jersey A New York RR. Tf 38 Sharon Railway
1T32
59 Otherlines
54
Erie A Wyoming Valley RR..
1[422 Trackage
167
*Nypano RR
58
(Tioga RR
H 8e6 this company
140 Lines in system June 30, '04.. 2,31
Other lines
N. Y. Susquehanna A West.. 238
History.— On Dec. 1, 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 practioaUy 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. The reorganization
plan of 1895 was in V. 61, p. 368.
In January, 1898, control of the N. Y. Susquehanna A Western was
obtained. V. 66, p. 83, 335, 573, and editorial p. 53. See Stock below.
In Jan., 1901, entire stock of Pennsylvania Coal Co. was acquired,
the purchase including valuable coal mines, Erie A Wyoming Valley
;
. .
RR., Scranton, Pa., to Lackawaxen 59miles. See Bonds below. V.71,p.
1219, 1311; V. 72, p. 44, 136, 241, 532, 627; V. 73, p. 398. In 1901 an
interest in the stock of the Lehigh V. RR. was purchased. V. 73, p. 391.
Coal and 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 1903-04 aggregated 15,010,294,
out of the 29,635,105 tons hauled. The Union Steamboat Line (merged
&n Erie RR. Co. June 30, 1896). has terminal, etc., properties in
Buffalo and 8 lake steamers. See V. 63, p. 5 J 4. The Penn. coal properties acquired in 1901 are additional.
See above.
Stock.—The voting trust was dissolved May 1, 1904. V. 78, p. 1549.
The prior lien and the general lien bonds of 1895 have 10 votes tor
each $1,000 of principal, their authorized issues aggregating $175,000,000, of which $74,044,000 outstanding in July, 1904. The company
reserves the right to redeem either class ofits pref stock at par in cash.
Provisions of pref. stock were in Supplement of April, 1897, page 3.
In Mar., 1898, Erie 1st pref. stock was increased from $30,000,000 to
$43,000,000, and common stook from $100.000000 to $113,000,000. to
acquire New York Susq. A Western stock.- See V. 66, p. 335, 573. The
1st pref. stock was further increased in 1901 $5,000,000 in connection
with the purchase of the Pennsylvania Coal Co. V. 72, p. 136, 532.
In U05 common stock was increased to $133,000,OCO to provide for
$10,000,000 (first issue) of convertible debentures. V. 80, p. 1362.
Dividends, p. c. )
1901.
1902.
1903.
1904.
1905.
On 1st preferred., s
Ha
3
3>«
4
Feb., 2
Bonds.—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 seoures $35,000,000 prior lien and $140,000,000 general lien bonds.
Both series have voting power; see "stook" above.
Of the $140,000,000 general lien bonds, $92,073,000 are reserved for
the ultimate acquisition of bonds and guaranteed stocks left undisturbed on various parts of the system [see list V. 62, p. 89], and $17,000,000 were reserved for new construction, betterments, addtions,
ete, after 1897, not over $1,000,000 to be used In any one year.
The position of the first consolidated mortgage is substantially as
follows: It is a first lien [mortgage or collateral, the prior lien bonds,
however, preceding the general lien bonds] upon the company's chief
coal properties (except Penn. Coal Co.), upon its waterjtransportatlon
lines (including valuable terminal properties appurtenant thereto),
» n d upon a number of profitable local lines in New Jersey and near
Buffalo it is a second lien upon certain minor coal properties and
upon the railroads leading to all the coal properties, upon the terminals at Jersey City, upon the Buffalo New York A Erie Railroad
e
1 Une to Bufl alo) and the Buffalo terminal properties other
it
than Pi*"
those upon which it is a first lien, and upon the entire line from
Salamanca to Chicago it is a second consolidated mortgage upon
68 .Detrween Plermont and Dunkirk (447 miles).
-St.
The collateral trust 4s of 1901 are secured by 51 per cent of the
entire New York Susquehanna A Western stook
($26,000,000 total
the Pennsylvania Coal Co. stock, and the stock
LwS''
»!!r
of the Erie
A WyomingValley RR., Soranton, Pa., to Lackawaxen,
65
miles, and Del. Val. A Kingston RR. Of the bonds
$32,000,000 were
issued to acquire these stocks (except N. Y. S. A W., already owned),
remaining $4,000,000 (of which $1,000,000 has been issued) being re;
.
;
;
^L
b nrt8 to be k pt aUve an ^ tne accruing interest thereon to be
"> ? .{
.,
^
added to
the sinking
fund, which, it was estimated, will be sufficient to
retire the whole Issue at or before maturity.
V. 71, p 1219, 1311; V.
h
.
6
J.
A.
-
Dividend.
_„ase.— Ooncl.
(H) LbJ
Phila., Fidelity Tr. Col July 1, '27 -'29
N. Y., 21 Cortlandt St. Jan. 1, 1909
N. "Y,J. P. Morgan A Co. Oot. 1, 1935
N. Y., 21 Cortlandt St.
1926-27
do
do
do
do
do
do
do
do
do
do
do
do
May
May
Jan.
May
(July
Mar.
1,
1,
1,»
—
1,
1,
1,
1946
1910
1933
1922
1913
1935
ga RR. —See each o ompany.
miles,
miles
op Capi TAL STOCK.OR BY
500. Ac
Valley RR. and Sha ron Ry.
50
50
115
144
25
.
(1)
A J.
A O.
6g A. A O.
Various
5
5g. M. A N.
M. A N.
6
J. A J.
5
6 our. M. A N.
J. A J.
6
4iflg. M. A S.
2,800,000
7,500,000
170,500
1,500,000
400.0O0
629,500
1,100,000
3,396,000
8,000,000
Whom.
Payable
Cent.
(Concluded)— to—Controlled by O WNER ship o p Entir e(*)oraMaj ority
Brie
8 67-*69 $500Ac.
$300,000 4*2 &
•Jeffers*n,lstA2d M's..ex.in'87A'89(H'dale Br.)c
1st mort.,
1561
1,000,000
&«• J. A J. N.Y., 21 Cortlandt St. July 1, 1908
J. A J. New York A London.
Jan. 1, 1996
35.000.000
J. A J. N. Y., 21 Cortlandt St. Jan. 1, 1996
39,044,000
do
do
Feb. 1, 1951
33,000,000
II: P. A A
A. A O.
do
do
Apr. 1, 1953
10,000,000
Various
do
f early to 1905
do
25,870
London.
1908 A 1910
788,159
5 g. Various
New York.
Yearly.
4,456,212 4i2&5g. Various
J'ne^OS-Dc'Og
1,600,000
4g. J. A D
$*
cks—See th OSE COS.
M.A S. N. Y., Farm. L. A Tr. Co.
7
251,000
do
647,000
do
g J. A J.
£
do
6 g. J. A J.
1,602,000
do
N.
liflin'Ol
M.
&
3,987,383
Checks mailed.
1,283,333 5 in 1904 A. A O.
30,000
£*• J. A J. N. Y., Farm. L. A Tr.Co,
do
3,000,000
do
g J. A J.
£
do
375,000
do
6 g. A. A O.
-
-
Sept. 1,
July
Jan.
1,
1,
1909
1924
1926
ayl, '01,1%
pr.15,'05,2%
July 1, 1910
July 1, 1921
Apr. 1, 1923
and circular, p. 136, 532, 257; V. 79, p. 212. In 1901-2
$768,000 included above as outstanding was purchased by sinking fund.
The convertible 4s of 1903 ($50,000,000 authorized issue) will be
issued from time to time as required and may be made convertible
Into common stock at a price to be fixed when the bonds are issued, but
not less than $41 ^ per share; they will cover all the company's property subject to underlying liens. The first $10,000,000 for improvements and equipment is convertible on basis of $100 bonds for $200
stock from April 1, 1905, to April 1, 1915. V. 76, d. 382. 541.
Real estate mortgages outstanding Sept. 30, 19<J4, $765,850.
Old Bonds— Under the first consol. 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 1 (except N. J. A N. Y. bonds,)
and to take them up and pledge them with the trustee at maturity.
Long Dock 6s see Maroh, 1894, Supplement under N. Y. L. E. A W.
For N. r. Lake Erie <t W. Goal «6 RR.. see Sup. January, 1895.
Finances.— In 1903-04 $1,360,000 general lien bonds were Issued
for construction, etc. V. 79, p. 1647. In Aug., 1903, the dividend
rate on first preferred was increased to 4 p. o. yearly. See above and
V. 73, p. 137. As to purchase of one-third interest in majority Hooking Valley common stook, see that company. The voting trust was
72, p. 44,
dissolved
May
1,
1904.
In 1903-4 $10,000,000 convertible 4s were issued for improvements
and equipment. V. 76, p. 382, 541; V. 78, p. 768; V. 79, p. 2205.
Earnings.— 8 mos., ) 1904- 5.... Gross, $29,842,427; net, $8,053,0?6
Julyl to Feb. 28. \ 1903 4 ... Gross, 29,801,902; net, 7,287,910
For 6 mos. ending Deo. 31, 1904, net, $7,515,183, agst. $6,972,351;
other income, $173,516; charges, $5,475,249; bal., sur., $2,213,451.
Annual Report.— Flsoal year ends June 30. Report for 1903-4 given
in full in V. 79, p. 1635, 1645; see also editorial on page 1611.
Average freight train-load, 428*78 tons, against 432-68 in 1902-03.
"1901-2.
*1903-04.
"1902-3.
'1900-1.
Miles operated
2,154
2,150
2,153
2,156
Gross earnings
$45,201,163 $45,830,413 $40,894,434 $39,102,302
Working expenses. . 32,581,838 2 9,925, 758 27,927,098 28,406,974
Net earnings. ...$12,619,325 $15,904,655 $12,967,335 $10,695,328
Net coal oomp's...x$l,993,9ll x$2,670,290 x$l,702,491x$l,274,830
314,995
242,721
221,247
Otherinoome.
412,807
Total net inc.... $15,026,043 $18,889,940 $14,912,543 $12,191,405
Interest
$8,593,688 $8,461,375 $8,396,891 $7,541,730
Rentals
1,142,974
1,112,163
1,139,483
1,053,969
223,409
P.O. due l's'd lines...
189,204
222,900
215,696
Int on equip, tr's....
298,590
269,599
284,791
339,072
Miscellaneous
255,023
194,027
352,339
290,352
Add'ns Almprv'ts.. 1,540,320
249,501
2,377,855
Divs. on 1st pf.... ( 4)l,915,696( 8 l 2 )l,676,234(3)1.436,772 (1^)718,386
Balanoe, surplus... $1,096,036 $4,379,178 $2,947,906 $2,104,771
* The 1903-04 earnings compare with those of 1908.0.4 and 19J1-02 but not
those of 1900-01, owing to changes in methods of accounting.
x Represents the profits of the Pennsylvania Coal Co. for Wtf months ending
June 30, 1901, and or the other coal properties for the two years from July 1,
1899. to June 30, 190L The corresponding Item under 1899-00 embraces the Income from the latter properties for 1898-9; In the later three years profit* for
the year of all coal properties, including Pennsylvania Coal Co., are included.
Officers— President, F. D. Underwood; 1st V.-P. and Gen. Solicitor,
G. F. Brownell; 2d V.-P., G. A. Rlohardson; 3d V.-P., H. B. Chamberlain; 4th V.-P J. M. Graham; Secretary, David Bosman; Treas., D. W.
Blgoney; Comptroller, M. P. Blauvelt.
Directors.— Chas. Steele, J. J. Goodwin, John G. MoCullough,
D. O. Mills, Alexander E. Orr, F. D. Underwood, Samuel Spenoer,
Francis Lynde Stetson, Geo. F. Baker, J. J. Hill, Norman B. Ream,
H. MoK. Twombly, E. H. Harriman, William C. Laue, Louis L.Stanton,
Robert Baoon.— (V. 79, p. 2697; V. 80, p. 222, 711, 1362.)
EvansvUle A Indianapolis
Owns EvansvUle to Terre
Haute. Ind. (via Worthington) ,134m.; leases branch, 12 m. A consolidation in 1885. Of the consols $898,000 held to meet prior liens. The
oonsols. and the bonds of 1924 are guaranteed by Evans. A Terre Haute,
which owns capital stook, $2,000,000 Company owns no equipment.
In 1903 04, gross, $364,146; net, $75,913; other income, $12,845; interest, taxes, etc., $179,146; bal.,deflcit for year, $90,387.— (V75,p.980.)
EvansvUle &. Terre Haute
The system includes
Road owned and operated. Miles. Controlled op. separately. Miles.
EvansvUle to Terre Haute.. 109 EvansvUle A Indianapolis
H ranches to Mt. Vernon, etc
50
EvansvUle to Terre Haute
EvansvUle Belt (stook held) .
146
5
via Worthington, eto
Leased to other oo.'s Rook23
Total in earnings
164
vUle extension
In July, 1903, Chicago A Eastern Hlinols interests acquired a m»
jority of the common stook. V. 77, p. 250.
1904
Drv'DS— ) '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03
,
RR.—
RR.—
—
3 I** None since.
2
5
5
4*g
5 5
5
H Also 5 per oent in bonds. 1 Also scrip dividend.
On preferred 5 p. o. declared In 1904—paid 2^ p. o. Oot.., 1904,
and 2ifl p. c. April 15, 1905.
Com.
stock. JPref. stock. )
7H 7^1
1
1
2
Bonds, Guaranties, Etc.— Certain EvansvUle A Indianapolis bonds
are guaranteed. See that company. General mort. 5s for $3,855,000
are held in trust to retire the prior bonds and car trusts at maturity.
Equipment notes June 30, 1904, $234,094
1562
RAILWAY^ STOCKS AND BONDS
Vol. lxxx.
1
.
c
RAILWAY STOCKS AND BONDS.
Ai>K.. 1005.
RAILROADS.
Date
Miles
Size, or
Amount
of
of
Par
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Bvaii#v.<i T.H.( Oon .)— Sullivan Co.Coalbr.M.,g.Fo*
1st general mortgage for $7,000,000, gold F..o*
fall Brook— Stock ($500,000 Is 7 per oent, pref.).
92
Fitchburg—Prel. 5 per oent rental
o*
Bonds, not mortgage
Bonds to Stat* of Mass. 4 p.o. since Feb., 1897.0
A.
O.).o'
•
&
Bonds ($1,500,000 due 1907, interest
cfer
•
Bonds, not mortgage
o*
Bonds, not mortgage
Bonds, not mortgage ($1,359,000 due 1915. ...0"
Bonds, not mortgage ($2,750,000 are 4s of 1897)
Bonds, not M. ($1,775,0( are 3^8 of 1901).. cfcr
Bonds, not mortgage, $3,660,000, our
35
Troy <fe Boston 1st mort. (V. 53, p. 405)
Brookllne & Pepperell plain bonds, guar. (end)..
....
Vermont* Mass. plain bonds, guar
l> lint <& Pere Marquette— See Peke Marquette Sta teme
Florida Oentral <t Pen.— See Seaboard Air LrNE Rt.
60
Florida West Shore— 1st M.,$2,000,000.g.,gu.,p &1.
26
fonda Johnstown <£ Oloversv.—Con.M.., $500,000..
26
gold.N.o*
1st consol. refunding mort., $700,000,
26
Gen. refunding M., $1,500,000,(V.71, p. 34).N.o*
4
Johnstown G. & Kingsboro 1st M., assumed
14
CayaduttaEleo. lstM.,gu.,p.&i.,byF.J.<fe G.N..,g.
1st con. gen.ref.M. $7,000,000, g., red.l20.N.o*&r
Itte.o>>
Ft. SmilhdtW.— 1st M., $7,500,000, g
Fort Wayne <& Jackson— Pref. stock, 5^ p. o. rental
Fort Worth «C Denv. City—Vt. stk. "stamp, ctfs." 4%
c
1st mortgage, gold, $18,000 per mile IWe
Fremont Elkh. dt Mo. Valley— Bee Chic. & Northw.
Gainesville dt Oulf—lBt mort., $150,000. gold So*
)
Gainesville Midtand-M., g., red. ($50,000 2d
(taiveston Harrisb. <£ S. Antonio 1st M. ,g.,land gr. o
M
—
Earnings.— For calendar year 1904,
1890 $1,000
1892
1,000
50
100
1888
1,000
1887
i"83
'85-'87
1890
1894
1895-6
1897-8
1900-1
1905
1874
1891
1903
1,000
>
1,000
1,000
1904
1,000
1881 100 Ac.
1897
1,000
1900
1,000
1893
1,000
1892
1,000
1902
1,000
1904
1,000
100
100
1881
1,000
455
1899
1,000
1904 Various
'71-'80
gross. $1,654,243;
1,000
net, $325,-
In 1903, gross, $782,530; net, $792,510.
Annual Report.— Report for 1903-04 was given in V. 79, p. 2032.
1904.
1903
1902.
Tear end. June 30—
$1,725,189 $1,722,314
$1,483,660
Gross earnings,
704,475
775,360
826,956
Net earnings
36,325
39,233
23,562
Other income
812.
$79 9 ,743
$339,4^7
$863,281
$337,950
90,277
88,982
90,388
34,090
(5%) 64,167 (5%)64,167
Total net income
Interest on debt
Taxes and miscellaneous
Evansv. & Ind. defloit
Dividends on preferred
Depleted equipment
$743,708
$337,950
77,672
64,054
(5%)64.167
189,379
$10,486
Balance, surplus
$214,414
$338,092
Hillard; Dlreotors
Officers— President, A. J. Davidson; Treaa., O.
Oct., 1903, V. 77, p. 12D4.— (V. 79, p. 1023, 1641. 2082.)
Kvaimville Terre Haute
Chic—See Chic. & East. 111.
Fall Brook Ry.— See page 1683.
Farmville Powhatan RB.-V. 76, p. 653; V. 80, p.87i, 1234.
Fayetteville 6c Albemarle.—See Sup. July, '01, and V. 69, p.743)
System extends from Boston Mass. to Troy,
Fitch burg
N. Y., 190 miles; branches to Worcester, Bellows Falls, etc, 268 miles;
458 miles in all, of which 56 miles (Fitohburg to Greenfield) leased
from Vermont & Mass. and 8 m. from other oos.; second track 183 m.
Lease.—Leased for 99 years from July 1, 1900, to Boston & Maine for
5 p.o. on pref. and 1 p. c. on common stock, payable quarterly [Jan. 1,
etc], organization expenses, interest on bonds, taxes, expenses of
maintenance, etc.
The Boston & M. holds $5,454,550 of the $7,000,000 common stock, purchased with proceeds of its 3 p. o. bonds,
at 90, the remainder being in the treasury V. 70, p. 76, 125, 176, 583,
1291; V. 71, p. 29, 543 V. 72. p. 532.
Bonds.— Debentures described in V 60, p. 967. There were issued
in 1905 $3,660,000 4 p. 0. bonds to provide for various bonds maturing up to June 1, 190d, inclusive, and for add'tlons and Improvements.
V. 75, p. 611; V. 73, p. 1112, 1312; V. 79, p. 1266 V. 80,p.472,599,871.
Flint
Pere Marquette
Meiged in Pere Marquette RR.
Florida Central Peninsular
See Seaboard Air Line Ry.
Florida Fast Coast Ry.— See page 16F3.
Florida Southern
Merged in Atlantio Coast Line RR.
Florida West Sbore Ry.—Turkey Creek, Fla., on Seaboard Air
Line to Sarasota on the Gulf of Mexico, 56 miles, inoludlng 4 miles of
trackage, with branches 8 miles; total, 64 miles. Stock authorized.
$1,000,< 00, of which $500,000 outstanding; par of shares. $ 00. Under contract.of 1903, the Seaboard Air Line Is a preferred connection
aDd guarantees tbe outstanding bonds; V 80, p. 1478. V. 77, p. 695.
W
&
&
RR.—
;
&
RR.—
RR.—
&
RR.—
1
— (V. 80, p.
1478.)
Fonda Johnstown &
RR.—
Gloversville
Owns Fonda to
Northvllle (steam), 262 miles, Gloversville to Schenectady (electrio),
32*3 miles), Gloversville to Fonda (eleotrlo), 9-34 miles, Amsterdam to
Hagaman (eleotrlo), 3-6 miles, Belt line in Gloversville (electric), 3-9
miles; second track (electric), 21-2 miles. Operates under lease branoh
line Broadalbin Junction to Broadalbin, 62 miles (steam); also local
line Gloversville to Johnstown (electric). 4-23 miles; sidings and turnouts, 1 1 -7 miles; total, 97-47 miles of road (118*67 miles of track) of
which 9687 miles on private right of way and 21-8 miles on
streets and highways. A consolidation on Jan. 1, 1903, with the
sterdam Street and Cayadutta Eleotrlo railroad companies. V. 73, p.
31, 493. 1355; V. 74, p 987; V. 75, p. 1399. Stock $2,500,000; par, $100
Owns entire $105,000 stook of Coal Co. of Fulton Co. and stock of Ed
ison Electric Light & Power Co. (V. 71, p. 1167.) V. 78 p 229.
In 1896 parties interested in N. Y. Central entered directory.
Bonds.— Of the consol, 413s of 1902 ($7,000,000 authorized) $3,750,000 were Issued to retire Amsterdam Street RR. bonds and for construction; of tbe balance $1,850,000 is reserved to retire prior liens
V. 76. p. 265. Guarantees $30,000 Glov. & Broadalbin 5s and $50,000
Johnst. Gloversv. & Kingsb. Hurse RR. fls and $50,000 8 p. 0. stock
R rNG8 Fo r year endillir June 30, 1904, gross, $603,601; net
a,<££ £>
;r
"ther-ncome,
$71,974; charges, $288,985; balance, surplus,
f*£l'2®'
r 5 m «*: enain g Nov. 3u, 1904, gross, $328,752; net,
I, o- o,'*, charges,
2
$181,211;
$120,969; bal., sur., $60,242:-(V. 80, p. 650.)
1
ni5 t,A,5c
«»*«i"n RR.-Operates Fort Smith, Ark., to
?!
n^r.
Guthrie, O. T., 216 m. of which Coal Creek, 1. T., to Guthrie, 196 m.,
Am
,
;
w
owned and Ft. Smith to Coal Creek,20 miles, is Kansas «Jity South
era trackage, to be replaced by company's own road. The road will
al
ro e
0p
e8 lt M-oCurtain, I. T., 40 m. west of Ft. Smith.
«I?i n°£ r l V Plt t J
bar ? Pa 18 understood to be largely interested.
££££y *k o iw^» a ? out8tanaln
i V
V.
K P ar ot shares, $100. Of the gold
a* £' 1 ™?^°*°Ar
}^,
t
00 ut 1 rizea, .$5,833,000 were Issued in ex«^7A•n !?A« old
,/5s, ^
change^f^.
lor $5,000,000
$100,000 are reserved to replace the 20
miles of trackage mentioned above. $400,000 for equipment, and
the balance for other purposes. In July, 1903, filed an agreement
for the purchase of equipment costing $438,000. V.
77. p 88. For
year ending June 30, 1903 (120 miles), gross, $141,177; net, $76 405tot-ri deduction.^80,497.
Pros, and irW.A. C. Dustin? Cleveland;
Is
1
™«
i
!
tLZ™
\J.
'
.
.
'
/
o, p. l*iy
/;
V.
4
y, p. 269.)
563
bonus— PrinciINTEREST OR DIVIDENDS.
pal, When Due,
Rate per When Where Payable, and by Stocks—Last
Cent.
Payable
Whom.
Dividend.
$450,000
5g. A. & O. N. Y., Far. L. & Tr. Co. Apr. 1, 1930
do
2,672.000
5 g. A. & O.
do
Apr. 1, 1942
5,000,000 See text Q-F. 5 Office, Corning, N. Y.
Feb. 5, 1905
5
Q.—J. Office, Bos. <b M. Bos. Apr. 1, '05, 114
17,360,000
M. & N.
Boston, Office.
5
2,000,000
May 1, 190&
4
F. & A.
do
do
5,000,000
Feb. 1, 1937
Various
4
do
do
2,000,000
1905&1907
4
do
500,000
J. & D.
do
June 1, 1920
4i«
M. & N.
do
500,000
do
May 1, 1914
Various
do
4
do
1,859,000
1915 & 1916
Various
4
do
do
1927-1928
4,200,000
3ifl
A. <feO.
do
2.275.000
do
Oct. 1,1920-21
4
M. & N.
do
May 1, 1925
do
3,660,000
July 1, 1924,
7
J. & J.
do
do
573.000
5
J. & D.
do
do
Deo. 1, 1911
100.000
M. & N.
do
May 1, 1923
do
772,000
3>u
,
NT.
98
48
55
256
1,000
1,000
1
712,000
5 g. J. & J.
6
A. & O.
200,000
500,000
4^ g. J. & J.
4 g. J. & J.
800,000
6
J. & J.
50,000
A. & O.
350.000
6
M. & N.
4,000,000
4*fl g.
4 g. A. & O.
6,000,001
M. & S.
2,291,416
5hs
2,539,992 4 in 1904 See text
6 g. .J. & D.
8,176,000
New
1, 1934
1, 1921
1, 1947
do
do
July 1, 1950
N. Y., Metropol. Tr. Co July 1, 1913
N. Y., Farm. L.
T. Co. Oct. 1, 1922
N. Y., N.Y. Sec <fc Tr.Oo,
1, 1952
N. Y., Merc. Trust Co. Apr. 1, 1954
N. Y., Farm. L.
Tr. Co Mar. 1, '05,2%
N. Y., Morton Trust Co Apr. 1, 1904, 4
N. Y., Mercantile Tr.
Deo. 1, 1921
N. Y., Imp.
York.
Jan.
Apr.
& Tr. N. Bk
N.Y.,N.YSeo.&Tr.Co. July
&
Nov
&
& J N. Y., Standard Tr. Co.
1929
& O Savannah (Ga.) Tr. Co. Oct. 1, 1909
6 e. F & A. N.y..Bo.Pao.Co.,&Bo8tJ Feb. 1, 1910
Fort Wayne & Jackson RR.—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 ^
150.000
225,000
4.756,000
6g. J.
6g. A.
per oent on the preferred stook (see V. 56, p. 812), and after 1887 any
net earnings over 8 per oent on pref. stook to be paid as dividends on
common, but not exoeeding 2 p. 0. a year. Common stook, $436,132.
Fort Worth 8c Denver City Ry.—Owns Fort Worth, Tex., to
Texline, 453 m. Owns stook and bonds of Ft. Worth <fe Den Term. Ry.
Stock, Etc. —Colorado <fe South. Ry. owns $6,835,008 of the $9,375,
000 common Issued, and in 1905 included road In its financial
plan.
Pref. stook, "stamped," see V. 63, p. 1063.
DrvTDENDS.—On pref. 2 p.o.; '98; '99,2 p. c; 1902, 2 p. c; Apr., 1903,
and 1904, 4 p. 0. eaoh from surplus earnings of previous years
Bonds.— Finanoes readjusted in 1896. Plan V. 63, p. 75. Abstract
Equip, trust notes Dec 31, 1904, $235,263,
of mort. V. 45, p. 440
maturing $6,017 monthly to Aug., 1908.
Earnings.- 8 mos., 5 1901-5
Gross, $1,712,10
net, $449,399
July 1 to Feb 23.
71903 4
Gross, 1,842.020; net. 623,282
Annual Report.— Report for 1903-4 was in V. 79, p. 1637.
Years end. June so.
Cal year.
1904.
1903.
1902.
1901.
Gross earnings
$2,496,617 $2,494,587 $2,262,123 $2,163,397
,;
;
.
Netovertaxes
Other income
677,331
11.248
464,986
561,373
533,860
17,534
11,962
From total net income as above in 1904 ($688,579), deduct interest
on bonds, $490,560; oth. int.. rentals, etc., $19,926; bal., sur., $178,093.
Pres., Frank Trumbull, Denver, Col.— (V. 79, p. 1637.1
Fort Worth 8c Rio Grande Ry.— About to be merged in 1905
in St. Louis San Franolsoo & Texas Ry., a subsidiary of St. Louis & San
Francisco, refunding bonds of the latter being reserved to retire the
$2,923,00i) outstanding Ft. W. & R. G. bonds at maturity.
Fulton County Narrow Gauge Ry.—See V. 80, p. 1362.
Gainesville 8c Gulf Ry.— Sampson City to Fairfield, Fla., 48
miles. Land grant, 480,000 acres. Stock authorized, $1,000,000; par
$100; issued July, 1903. $300,000. Loans and bills payable June 30,
1903, $56,590. Year ending J une 30, 1903, gross, $58,749; net, $13,931.
President, J. M. Graham. Office, Gainesville, Fla.— (V. 73, p. 616. 783.)
Gainesville Midland Ry.— Owns Gainesville, Ga. to Jefferson
and Belmont to Monroe, 55 miles, to be standard gauged. In Apr.,
1905, extension from Jefferson to Athens. Ga., 19 mlles.jwas proposed.
Successor to a portion of the Gainesville Jefferson & Southern Ry., sold
in foreclosure July 5, 1904. V. 79, p. 151, 269, 500, 627. Tbe Savannah Trust Co. is mortgage trustee. V. 79, p. 1266. President. Geo. J.
Baldwin; Sec. and Treas., E. L Douglass.— (V. 79, p. 627, 1266.)
Galveston Harrisburg 8c Kan Antonio Ry.— (See Map South
Pacific.)— Owns Houston, Tex.,toeast bank of Rio Gr. River. 834 miles;
branches, 73 in.; total, 917 miles. Operated by Southern Pacific Company, which owns $27,054,400 of tne $27,084,372 stook (par. $100).
In April, 1905, a bill passed by the Texas Legislature was pending be
fore the Governor giving authority to purchase allied lines aggregatin< 387 miles, viz
New York Texas & Mexican, Gulf Western
Texas & Pacific, San Antonio & Gulf. Galveston Houston & Northern
and Gonzales Branch RR., and for that purpose to increase its stock
and mortgage debt; an extention to be built from Stookdale to Cuero,
about 50 miles, by Dec. 1, 1906. V. 79, p. 2642; V. 80, p. 1424.
Bonds.— First mort. has a sinking fund of 1 p. c, but it is optional
with holders to surrender their bonds if drawn. Western Div. 2ds
($6^4,000) by agreement are treated as Income bonds. V. 58, p. 719.
Equipment bonds. $1,476,000 6s, owned by So. Pac, due $82,000
seml-annuallv, Apr., 1905 to 1922. V. 76, p. 1300; V. 77, p 2160
On June 30, 1904, there was due the Texas & New Orleans RR. $2,149,745 School fund claims, V. 64, p. 1137; V. 66. p. 471; V. 70. p. 686.
Year 1903-04, gross, $7,141,492; net, inol. other lnoome, $1,103,773; charges, $1,637,963; bal., def., $534,188.— (V. 80, p. 1424.)
:
.
Galveston Houston
Ac
Henderson RR. of 1882.—Owns
from GaWeston. Texas, to Houston, Texas, 50 miles.
Organization.—The M. K. &T. and International & Great North,
have had trackage rights since December, 1895, under a oontraot
providing for payment to mortgage trustee of $100,000 yearly
to meet interest on G. H. & H. bonds and an additional rental of
824,000 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. II. & H. stook
-see V. 61, p. 1013. Stock. $1,000,000 par, $100. For year ending
Deo. 31, 1903, gross, including $124,000 for trackage as above, $382,127; net, $205,868; other income, $3,818; interest, $100,000; taxes,
$3,452; real est. and imp's, $63,396; bal,, sur., $42,838.— (V. 65, p. 1114.)
Galventou Houston & Northern Ry.— Seo page 1683.
Genesee & Wyoming RR.— Retsof, N. Y., to Pittsburg <fe Lehigh
Jot., 11 miles; Retsof Jot. to Urelgsville, 4 m.; branoh. 2 m,; total, 16
m. Stock, $500,000: par of shares, $100 Dividends from Oct., 1899,
;
to Oct., 1902, inol., 5 p. 0, yearly; 1903, 8 p. c; 1904, 8 p. 0.
Year
1903 4, gross, $127,391; net, $75,859; int. and taxes, $27,691; dividends (8%), $40,000; bal., $8,168. Pres't and Treas.. E L. Fuller,
S^ranton, Pa.; Sec, H. D. Fuller, 170 Broadway, N.Y.— (V. 76, p. 1248.)
&
Georgia Florida
Alabama Ry.— Owns Cuthbert, Ga., to
Tallahassee, Fla., 107 miles; in Apr 1905, extension was proposed
from Cuthbert northerly to Columbus, 64 miles. In April, 1904,
the Carrabelle Tallahassee
Georgia RR., Tallahassee, Fla., to
Carrabelle. on the Gulf of Mexloo, 50 miles, was acquired. The C. T.
,
&
1
RAILWAY STOCKS AND BONDS.
.504
RAILROADS.
Miles
For explanation of column headings, &o., see notes of
Road.
on first page of tables.
Size, or
Bar. dt San An.— (Ooncl.)— 2d mortgage. ..o* 225 1880 $1,000
671 1881
1,000
West. Div. 1st mort. g. (As to 2d 6s see text) ..o*
1902
1,000
Equipment bonds, due $82,000 semi-annually.
"50 1883
Galveston Houston dt Send, of 1882— 1st M., ffle.C
1,000
56 1900
Galveston Eoust. dt North.—1st M., $800,000, gold
16 1899
i',000
Genesee dt Wyoming .BR.— 1st M., g., $500,000. K..
Georgia dt Alabama Ga. Carolina dt North'n—See Seab. Ant L ine Ry.
1,000
Georgia Flor.ct Alab.— 1st M., $1,100,000, g.. in a.O" Text 1904
98 1896
1,000
Georgia Midl'd
1st M., g., $1,650,000, Int. gu.
100
307
Georgia Railroad dt Banking Oo. Stock
1897
1,000
o*
Bonds, refunding, not mortgage, ourrenoy
1880
c*<fer
1,000
Bonds, not mortgage, currency
1882-7 1,000
Bonds, not mort., our., $200,000 are 5s of '87c<fer
100
Ga. South. dt Fta.— 1st pref., red. aft. June 1, 1905. Text
100
2d pref., $1,084,000, 5 percent
1895
285
1,000
o*
1st mortgage, gold, $4,000,000. IUeBa
392 1902
o*<fcr
1,000
1st consol. M., $10,000,000, gold.N
1902
1,000
Equipment trusts, $18,000 due semi-annually..
1,000
Gettysburg dt Harrisburg—-So. Mt. 1st mortgage
1882
1,000
Gettysb'g & Harrlab'g 1st mortgage, old issue...
35 1891
1,000
Consol. mortgage, $565,000, gold, see text
125 1894
1,000
Gila Valley Globe dt JVor/A'n— 1st M., g., text..Mp
12 1888-9 500, Ac
Goshen dt DeckerVn—leX & 2d M. ($60,000 are 2ds)
13 1892
1,000
Gouverneur <& Oswegatchie 1st M.,g, gu. p.& 1. CJ n.c
28 1899
1,000
Br. Rap. Belding dt Saginaw—1st mort., text, gold
Amount
$1,000,000
13,418,000
1,394.000
2,000,000
800,000
500,000
.
—
—
—
dt Indiana Ry.— Stock, $6,000,000.0'
o*
335
1st M., mostly 1. gr.,g., ext In 1899....
335
o*
1st mort., extended, gold, guar, by Pa.
0*
387
2d M., $5,000,000, g
Or. Trunk Pat.— 1st M., £, gu. Can. Gov't, text c&r
i.
Prairie Section M. (ser. A) £2,100,000 ) gu. p. & 1,200
Mountain Sec. M. (ser. B) £2.050,000 } by Gr'd
22*6
Lake Sup. Div. 1st M.. $1,540 000 ... > Trunk.
100
Grand Rapids
RR
1891
1891
1896
1905
1905
1905
1905
1,000
1,000
1.000
£100&c
£ lOO&c
£100 <c
£100&o
&
G. had outstanding $1,000,000 stock and $500,00 J 6 per oent bonds
due 1914, int. due J & J. V. 78, p. 1549; V. 79, p. 151; V. 75, p. 29.
Stock. $350,000, all outstanding; par, $100. In 1904 a mortgage for
$1,100,000 was filed for extensions, purchase of Car. Tal. & Flor. and
Immediate refunding of outstanding $550,000 bonds. V. 79,!p. 2085.
For year ending June 30, 1903, gross, $114,540; net, $27,426;
total deductions, $27,907; bal., def., $481. President, J. P. Williams;
See. and Treas., J. O. Hatoh. Office, Savannah, Ga.— (V. 80, p. 222.)
Owns road from Columbus to McDonough,
Georgia Midland
Ga., 98 miles. Leased from July 1, 1896, for 99 years to the Southern
Railway Co. for $49,500 annual rental (being Interest on the first mort?age bonds, etc,) and $2,500 for Columbus terminal property. Stook
s $1,000,000, owned by Southern Railway Co.— (V 63, p. 361.)
Georgia Railroad.— Under this name are operated the lines leased
from the Georgia RR. Banking Co.—which see.— (V. 67, p. 1260.)
Owns from
Georgia Railroad &.
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.
Ry.—
&
Banking Company,—
Organization.—Owns also one-half the stook of the Western Railway
Alabama (the Central of Georgia Railway owning the other half)
and a 47 per cent interest In the Atlanta & West Point (which see).
Guarantees (Jointly with Central RR. & B. Co. of Georgia) the $1,543,000 first mortgage 4*$ per 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,
of
acquired a half Interest. V. 68, p. 722; V. 69, p. 385, 591; V. 70, p. 125.
Deo. 31, 1892, the banking department was turned over to " Georgia
Railroad Bank," a majority [$198,200] of whose stook is owned.
'82. '83to'87.
'88.
'89 to Apr., 1905.
Dividends—
> '81.
11 p. 0. yearly.
Since 1880, P. Ct. S 9*3 10H 10 yearly 10%
Earnings.—307 miles, ) 1904-5... Gross, $1,640,700; net, $482,730
Julyl to Feb. 28.— 8 mos. $1903-4.. .Gross, 1,689,774; net, 516,176
Railroad earns, for year ending June 30, 1904, gross, $2,418,288; net,
$658,169; dlvs. received, $132,509; rental to Ga. RR. & B. Co., $600,000; oth. payments, $24,919; balance, but., $165,759.— (V. 79, p. 1704.)
Georgia Southern Jk Florida Hy.—(See Map of Southern Ry.)—
Owns from Macon, Ga., to Palatka. Fla., 285 miles; on Nov. 1, 1902,
purchased AtL V. & W. Ry., Valdosta, Ga., to Jacksonville, Fla., 107
miles; total, 392 miles. Also owns one-eighth of stook of Jacksonville Terminal Co. V. 77, p. 626. G.8. & F. common stock Is $2,000,000.
HiSTOBT.—A reorganization of the Georgia 8. & F. Railroad, sold in
foreclosure April 2/95. (Per plan In V. 60, p. 928; see also V. 59, p. 551.
Macon & Birmingham Ry., La Grange to Macon, Ga., 105 m., is owned
by same Interests, but operated independently. V. 78. p. 702. In Oct.,
1903, an Interest in the stook of the Hawfcinsvllle A Florida Southern
Ry.. Worth to Hawkinsville, Ga., 44 miles, was purchased, $310,000
first mortgage 5 p. o. bonds being guaranteed, p. & i. V. 79, p. 2585.
Dividends.—On 1st pref.,'96, 4 p. 0.; '97 to Nov,, 1904, 5 p. o. yearly.
On 2d pf in '97, 2 p. c; '98, 3; '99, 3; 1900 to Nov., 1904, 4 p. 0. yearly.
Bonds.—Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
mortgage is for $4,000,000 and covers road from Macon, Ga., to Palatka, Fla., 285 miles, and provides also that the $684,000 first preferred
stock shall be a lien thereon second only to the bonds and coupons.
The first consol. 4s of 1902 are for the authorized amount of $10,000,000; of which $4,684,000 are issuable to retire the $4,000,000
fives and $684,000 first preferred stook, and $3,316,000 are reserved
for future requirements. V. 75, p. 980.
Latest Earn'gs.- 8 mos., 5 1904-5. Gross, $1,155,150; net, $287,864
July 1 to Feb. 28.
(1903-4. Gross, 1,153.720; net, 300,275
Annual Report.—Fiscal year ends June 30. Report for 1903-04
was In V. 79, p. 2585, showing gross, i$l,693,541; net, $415,077; other
Income, $16,338; int. on bonds, etc., $287,529; div. on stook. $77,560;
baL, sur., $66,325. Pres., Samuel Spencer, N. Y.— (V. 79, p. 25 8 5.)
Gettysburg Harrisburg Ry.—Carlisle to Gettysburg, Pa., 31
miles; branch to Round Top, Pa., 3 miles. Tne Reading Company owns
$540,700 of the $600,000 capital stook, $535,000 of which deposited
as part security for its general mortgage of 1896. The consol 5s of
1891 were guaranteed by Phlla. & Read. RR. (foreclosed 00.).
Gila Valley Globe dt Northern Ry.— Bowie, Ariz., to Globe,
125 miles. Stock, $2,000,000, of whioh Southern Paclflo Co. owns
$1,100,000. V. 71, p. 1314. Par, $100. The bonds, limited to $15,000
per mile ($1,508,000 outstanding), are guaranteed, principal and interest, by South Pacific Co. V. 69, p. 27; guaranty in V. 68, p. 2 32.
Dividend.—Dividend, 1901, 4 p. c; 1902, Jan., 4 p. c.; none since.
Year ending June 30, 1904, in V. 79, p. 1460, viz.: Gross, $467,047;
net, $246,082; int., $75,575; bal., surp., $170,505.— (V. 79, p. 1460.)
.
&
Gouverneur
&
©awegatchie
RR.—
Owns from Gouverneur to
Stock, $350,000, all owned by N. Y. Cent
See
V.
55, p. 810 and V. 56, p. 501.
—which
Saginaw
Freeport to BeldGrand Rapids Belding
lng,Mich.,28 mile. Mortgage is for $260,000 on 28 u>Ues and$9,000 per
mile for additional construction. Leased for 30 years from Jan. 1,
1900, to Pere Marquette BR. (whioh owns all the capital stock) rental
covering interest— (V. 70, p. 39.)
Edwards, N.
Y., 13 miles.
guarantees the bonds.
&
RR.—
Vol. lxxx.
Bonds— PrlnoiINTEREST OR DIVIDENDS.
pal.When Due.
Par Outstanding Rate
of
When Where Payable, and by Stocks— Last
Bonds Value
Per cent. Payable
Whom.
Dividend.
Date
Ga'v.
Ry—
|
See text.
1,650,000
4,200,000
1,000,000
1,000,000
500,000
684,000
1,084.000
3,801,000
2,000,000
270,000
100,000
250,000
215,000
1,508,000
246,500
300,000
260,000
5,791,700
920,000
4,455,000
3,962,000
£3,210,000
£1,646,000
See text.
£1,3*8.000
J.
M.
A.
A.
J.
A.
5«3
g.
11 in '04
5
J.
&
A.
J.
J.
5 In 1904 M.
4 In 1904 M.
5g.
O.
Q.-J.
6
5&6
& D. N.Y.,8o.Pao.Co. & Bost. June 1, 1905
& N. N.Y.,8o.P.Co.,120B'w*y May 1. 1931
& O. Owned by So. Pac. Co. Oot., '05 to '22
& O. N. Y., Merc. Trust Co. Apr. 1, 1913
New York,
& J.
Jan. 1, 1930
& O N. Y., Knlck. Trust Co. Apr. 1, 1929
& J. N. Y., Manhat. Tr. Co. July 1, 1954
J.
J.
&
&
&
&
&
&
J.
J.
J.
N.Y, J. P.Morgan &Co. Apr.
Augusta; mall'd to N.Y.
N. Y, Am. Ex. Nat. Bk.
N.Y.,Am. Ex.Bk.&Aug.
All Augusta; 6s In N.Y.
1. 1946
Apr.15,'05,2%
Jan. 1, 1922
Jan. 1, 1910
Jan. 1, 1922
N. Bait. M.T.&D.Oo.&N.Y. Nov.10, '04,21*
N.
do
do
Nov. 10, '04, 2
J.
Balt.M.T.&D.Co.& N.Y. July
1,
1945
do
& J.
do
July 1, 1952
& S. New York, Blair & Co. 8ep.'05, Sep'U
A. & O. Phlla., Reading office.
5
Apr. 1, 1898
A. & O. Phila., P. & R. office.
6
Oot. 1, 1912
Various
do
do
5
Oot. 1, 1926
g M. & N. N.Y.8.Pao.Co.l20B*w'y Nov. 1, 1924
Various N Bk OrCo,Goshen,N. Y.
1928-29
i
5g. J. & D. N.Y., Gd. CentStation. June 1, 1942
5g. M. & 8. Int'l Trust Co., Boston. Mch. 1, 1924
3 in 1904 A. & O. Of., Gr. Rapids, Mich. Apr.25/05,li*
3ia g. J. & J. N. Y, Winslow, L. & Co. July 1, 1941
4iflg. J. & J.
do
do
July 1, 1941
Philadelphia, Pa.
Oot. 1, 1936
4g. A. & O.
3, $ or £ A. & O. London and New York. Apr. 1, 1955
'05
A- & O 1st coup, due Oct.,
Apr. 1, 195*
4
A. & O
Apr. 1, 1955
4
4
g.
M.
413
-
& O 1st coup, due Oct., '05 Apr. 1, 1955
Grand Rapids A Indiana By.— (Set Map of Pennsylvania RR.)
—Owns from Fort Wayne, Ind., to Mackinaw City, 367 miles; branohes,
4
A.
47 miles; total owned, 414 miles; operates the following roads but has
not assumed the old company's leases thereof: Cincinnati Richmond <fe
Fort Wayne RR., 86 m.; Traverse Citv RR. (nearly all the stock and all
the income bonds owned), 26 mile?; Muskegon Grand Rapids & Indiana
RR.. 41 nailes; trackage, 7 miles. The Traverse City Leelanau & Manistique RR.. Traverse City to Northport, Mioh., 30 miles. See V. 74, p.
777; V. 76, p. 811; V. 78, p. 1444.
History.—SuooesBor Aug. 1, 1896, of Grand Rapids & Indiana
Railroad, foreclosed under second mortgage per plan in V. 63, p. 153.
Stock.—Stock, $6,000,000, of whioh Pennsylvania interests are supposed to own all or nearly all. Pennsylvania Co. on Jan. 1, 1905,
owned $2,902,600. V. 74. p. 95.
Dividends.— 1900, 1%
1901, 2; 1902 to Apr., 1905, 3 p. 0. yearly
(A.
;
& O.)
Bonds.—The first mortgage bonds extended at 4*a per oent are endorsed with the guaranty of the Pennsylvania RR. Co. to purchase the
ooupons as they mature, and the bond itself at maturity. They have no
lien on land grant. See guaranty V. 56, p. 649; V. 69, p. 1193. Of
the 2ds $3,637,000 were owned Jan. 1, 1905, by Penn. RR.
Report.—Report for 1904 was in V. 80, p. 1420. In 1904 carried 2,253.542 tons freight, of which 42 p.o. was lumber, etc, and 16 p.o. coal.
1902.
1901.
1904.
1903.
Tear end'g Dee. 31.
430
430
Miles operated.
430
415
Gross lnoome
$3,302,347 $3,401,654 $3,196,738 $2,871,782
700.713784.470
698,833
Net over exp's& taxes
621,859
Interest charge for 1904, $391,085; oth. deductions, $50,798; dividend, (3 p. 0.), $173,730; bal., surp., $6,246.— (V. 80, p. 1420.)
Grand Trunk Pacific Ry. (See map).—This new trans-continental railway across Canada has received the approval of the Canadian Government, and will be carried through with the joint financial support of the Government and the Grand Trunk Ry. Co. of Canada. It will consist of a main line of an estimated length of about
3,500 miles from Monoton, New Brunswiok, to a port on the Pacific
Ocean at or near Port Simpson, B. C, with branch, 220 miles, viz.:
Miles..
1. Leased Line, to be Built bt Canadian Government.
1,^00
Eastern Division, Monoton, N. B.. via Quebec to Winnipeg, about.
[To be leased for 50 years to Grand Trunk Pacific Ry. Oo.— for first 7
remaining
43
years
at
3
p. c. on
years at oust of operating only and for
cost of construction, bnt subject to provisions in V.
2.
Western
a.
b.
Division, to be Built
811,
p. 907.]
and Owned bt Company—
Prairie Section. Winnipeg to Rocky Mountains, about
Mountain Division, Rocky Mountains to Pacific Ocean at or near
Port Simpson, about
Lake superior branch, to be Built and Owned by Company—
Thunder Bay on Lake Superior to junction with Eastern Division east
1,200
500
8.
230
of Winnipeg
Total of
all,
not including sundry proposed branches
3.720
Organization.— Incorporated by Canadian Legislature In 1904.
See full statement as to enterprise in V. 80, p. 996.
Stock.— Authorized, $45,000,000 (par of shares, $1 00 each) of whjchthe $25,000,000 common will be owned by the Grand Trunk Ry.
Bonds.— On condition that the Grand Trunk Ry. Co. of Canada
guarantee 2d mortgage bonds to provide the balance for the construction of the Western Division of the line, the Canadian Government
undertakes to guarantee first mortgage bonds bearing interest at 3
p. c. for an amount up to 75 p. 0. of the cost of construction of that
division, such amount (a) in the ease of the Prairie Section not to exceed $13,000 per mile, or £3,210,000 in all, and (b) three-quarters of
whatever the cost per mile may be from the mountains to the Pacific
Coast, oalled the Mountain Section. (See V. 80, p. 996. 1234. 1363.)
Series "A" (Prairie Section) bonds, total issue limited to £2,100,000,
and Series "B" (Mountain Section) bonds, not to exceed £2,050,000,
are secured by a 2d mortgage (National Trust Co., Toronto, trustee)
on the railway, equipment and tolls of the company, Inoludlng its
leasehold Interest in the Eastern Division, but not branch lines exceeding 6 miles in length, ships, grants of lands (other than for railway purposes) and the rolling stock of the Eastern Division or of the
above-mentioned branch lines of over 6 miles. These bonds are
unconditionally guaranteed as to principal and interest by endorsement on eaoh by the Grand Trunk Ry. Co. in the form shown in
official statement In V. 80, p. 996.
Although the mortgage to secure the 8 p. c. bonds guaranteed by the Government will rank before tbe mortgage to secure the bonds guaranteed by tbe
Grand Trunk Ky. of Canada, yet an agreement schedule to so Act of 19i)4
,
provides to the eflect that in the event of default by the company for five
years In payment of the interest on the 3 p. c b >nds, the remedy of ihe
Government shall be to put in a manager to operate the Western Division and
to collect and distribute net earnings pari pas»u between the holders uf the
bonds auaranteed by the Government and the hoMers 01 the bonds gua'auteed
by the Grand Trunk Ry. Co. in the proportion of 75 p. c. of such earnings to tbe
holders of ihe Government bonds and 25 p. c. to the holders of the bonds of tbis
division guaranteed by the Grand Trunk Kv. Co.
The mortgage deed to secure the Series "A" and Series "B" bonds will provide that separate accounts shall be kept of tbe tolls, earnings, inoomes. rent*
and profits of the Prairie Section and the Mountain 8ection, and that in the
event of the trustee exercising the right of entry or sale thereoy given in case
of default by the company, the moneys arising from each particular section
and available for the purpose shall, subject to the payment of trie working
expenditure of the section, be applied first In payment of auy interest or principal due on the bonds Issued in respect, of such section.
Lake Superior branch bonds, total issue limited to £1,550,000, are to
be seoured by a first mortgage on all the 220-mUe Lake Superior
Div. and are guar. prln. and int. by Grand Trunk Ry. Co. (V. 80, p. 996.)
—
)
5
.
RAILWAY STOCKS AND BONDS.
Apr., L905.J
RAILROADS.
Miles
tor explanation of oolunin headings,
on llrst page of tables.
<fec,
see notes
Par
Midland of CanadalstM.,seotional, £525,000.0
05
ConsoL 1st M., £3,164,700
o
Wellington Grey & Bruce 1st M., £532,000
Grand lrunk West'n—Northwest Gr. Tr., 1st mort.
1st M., $15,000,000, Int. guar., g., $ (cur.) & £.F
2d M.,lnoome, g., $1,500,000, red. (text)... .Col.
»t. Northern— 8ioeb., $125,000,000
St. Paul Minn. & Man.— Stook.orig. $20,000,000.
8t.P.M. & M.2d (now 1st M.)g. does not oov. l*ds)o*
Ce.o*
Dakota Extension 1st M., gold
onland9) goldCe
(now l8t
i
Tso.ooVoo \
Montana Exten. 1st M. ($25,000 p. m.),g.Ce.o*Ar
Paoifio Extension M. £6,000,000, gold Ce..o*<fcr
-
C.B.&Q.o'Ltr.M.g.(su.tocallaf.Ja.'06atl05)S.o&r
Sterling loan (represented by ctfs. ot particlpat.)
Minn. Un.RR. 1st M. ,g. ,gu. ($650,000 are 5s) Ce. o*
Eastof Minn. 1st M. ($50,000 p. m.), g., gu.Ce.o*<fcr
No. Div. mort., $15,000,000, gold, guar.OTe.o*&r
Mont. Cen. 1st M.,g. ($6,000,000 are 6s)gu.Ce.o<fcr
.
Amount
1874
1874
1869
100
Var.
1868
1884
1878
1882
1874
1880
1900
1900
455
168*4
66
3265
3265
1879
1880
1883
1883
1887
1890
1901
1903
1882
1888
1898
1887
624
1,221
2,655
2,655
420
818
3
72
299
260
£100
£100
£100
$500
£100
$500
$100
100
1,000
1,000
1,000
1,000
1,000
£100&0
$10004c
$&£
1,000
l.OOO&o
l.OOO&c
1.000&C
.
15(55
Bonds— Frlne*INTEREST OR DIVIDENDS.
pal.When Due,
Rate per When Whure Payable, and by Stocks—Last
5
6
4
5
5
2,723,080
15,600
347,990
426,200
Whom.
Payable
Cent.
£100 £22,475,985
£100
6,629,315 4 in 1904
£100
3,420,000 5 for '04
£100
2,530,000 5 for '04
£100
7,168,055 See text.
£100
4,270,375
5
£100 15.134,731
4
£100
373,000
6
"1
.
is
of
1873-4
1873-4
I
M
Size, or
1882
1884
stook, £23,318,309..
guar, stock, non-oum., £10,000,000
1st preference 5 per cent stock, 43,420,000
2d preference stock, £2, 530,000
3d preference 4 per cent stock, £7,168,055
Debenture stock, £4,270,575
3,512
f
Consol. debenture stock (ool. trust), cum
in
trust)
M.
.o
to
1st
(subjeot
M.
equipment
2d
J
o 836%
Great Western perpetual debenture stock
o
Northern Ry., 3d preference A & B bonds
490%
Debenture stook, 4 p. o„ perpetual, £425,850.
p. o.
—
Date
of
Road. Bonds Value. Outs tan ding
Brand Trunk Jty.—Connol.
4
—
A.
A.
J.
F.
M.
-
Check from
do
do
do
&
J.
J.
J.
J.
&
&
&
&
&
&
&
&
do
do
do
Apr. 28*05,5%
<fe
J.
J.
J.
J.
July.
A.
J.
J.
J.
,
&
&
&
&
&
&
IT
&
&
&
&
&
f
Glyn, Mills, Currie
.
&
Co.,
i
London.
N.
Q.-F.
Q.-F.
M.
Apr.28,'05,5%
Mar.23,'04,2%
Irredeemable
Irredeemable
July 1, 1919
Irredeemable
Irredeemable
Irredeemable
May 1, 1908
Jan. 1, 1912
J.
A.
O.
A.
O.
N.
J.
J.
D.
J.
pd.
Co.'s offlce. Apr.28,'05,2%
J.&J.14
Q.-J.
F.
-
None ever
&
&
O.
O.
A.
O.
Yearly.
A.
1,016,500
83,200 Varies.
563.000
6
14,437,000
4g.
1,500,000 Up to 4%
124,180,500 7 In 1904
C448.600
6
6,932,000
6g.
5,284,000
6g.
13,344,000
6g.
4i«g
19,292,000
a 10,185,000
4g.
b£4,000,000
* g
215,223,000
4
g.
£1,500.000
5
$2,800,000 5&6g.
4,700,000
5 g
d5,000,000
4
g.
10,000,000 5&6g.
Dividend.
See V. 79,
p.
2797
Not
Jan.
London or New York.
fixed.
1,
1910
July 1, 1950
1 p. o. paid 1903-04.
July 1, 1950
N. Y. Offlce,32 NassauSt. May 15,'05,1%
do
May 1, '05, 1*%
do
New York and London. Oot. 1, 1909
Nov. 1, 1910
N. Y., 32 Nassau St.
do
do
July 1, 1933
July 1, 1933
do
do
P June
do
do
1, 1937
N. Y. & Lon. , Baring Bros [July 1, 1940
New York, etc
July 1, 1921
London, Boston & N. Y. [Deo. 1, 1905
N. Y., 32 Nassau St. [July 1. 1922
N. Y.32 Nas.; Bos.,Lee,H Apr.
1908
do
do
1^28-f94i!
N. Y., 32 Nassau St. [July 1, 1937
i
[
D.
J.
O.
O.
J.
I
a $11,502,000 additional pledged for Pao. Extension bonds, c All except $448,600 owned, b £2,000. 000 additional held by Gt. North'n
d SubJ. to call aft. April, 1928. U Coupon bonds J. & J.; reg., Q.-J
deposited as oullat. for 2-year loan, due Dec, 1905.
Genkral Finance?.— In February,
1905, Speyer Bros. In London,
99 * £3,004,000 4 p. o. [2nd] mortgage sterling bonds
£1,646 000 series A (Prairie Seotlon) bonds and £1,35? ,0 0o Lake Superior branoh bonds, all guaranteed by the Grand
Trunk Ry. Co. (See V. 80, p. 996.) In March, 1905, N. M. Rothschild
& Sons oflered at 95 £3,200,000 first mortgage 3 p. c. sterling bonds
guarantped by the Canadian Government (V. 80, p. 1234, 1363). The
Prairie Section running through the great wheat belt is expected to
be completed in 1910 and the Lake Superior branch in 1908.
Officers — Pres.. Charles M. Hays, Montreal, Can.; Sec, Henry
etc., offered at
due 1955. viz.,
1
Frank Scott— (V. 79,
Philips; Treasurer,
p.
2795; V. 80, p. 1234, 1363.)
Grand Trunk Ry. of Canada.— (Set Map.)— Quebec, Can.,
Montreal, to Chic.
111.;
via
also to Portland. Buffalo. Detroit. Toledo, etc:
REPORTED SEPARATELY.
SYSTEM PROPER.
Lines
Miles.
2,907
owned
Leased—partly owned—
Atlantic & St. Lawrenoe, Port166
land, Me., to Island Pond, Vt.
Majority Stock Owned.
Central Vermont^
1
I
I
Entire stock owned.
Detroit Grand Haven &M11T
Tol. Sag. <fc Muskegon
Jointly owned.
Detroit & Toledo Shore Line
163
63
216
Other lines
581
Grand Trunk Western T
.
Buflalo * Lake Huron
rincin. Sag. & MackiuawT
Miles,
JJS5
189
97
79
Total road
4,794
TSee separate statement this Co.
Haven to Milwaukee, opened Sept. 15, 1903.
Organization.—A consolidation, in Aug., 1882.
As to Grand Tr. Pac Ry., see that companv above. V. 79. p. 2587.
The stockholders voted on Sept. 29, 1904, to acquire the Canada Atlantic Ry. and guarantee, principal andinterest, $16,000,000 four per
cent 50-year gold bonds, of which $2,000,000 will be reserved lor
future capital requirements, and the remainder will be Issued, replacing all other indebtedness by maturity. V. 79, p, 967, 1331, 1641, 2455.
The Toledo St. Louis
Western Ry. and the Grand Trunk Western
Ry. jointly guarantee $2,000,000 4 per cents of Detroit & Toledo Shore
Line RR., which see above. V. 75, p. 1354; V. 76, p. 653.
Stock, Etc.—The authorized capital on Dec. 31, 1904, was £46,
436,364 stock (£42,223,355 issued and £4,213,009 unissued), advances
from the Canadian Government in aid of construction amount to
Perpetual consolidated 4 per cent debenture stock
£3,111,500.
authorized by Act of 1882 and later Acts, has been issued from
time to time to acquire securities of oompanies consolidated and controlled, amounting Dec. 31,1904, to £8,394,188, and bearing an annual interest of £434,583. V. 71, p. 84. In Aug., 1903, stockholders
authorized increase of 4 p. c. guaranteed stook from £5,220,000 to
£10,000,000; £750,000 was subscribed In Oct , 1903 and £500,000 In
May, 1904; V. 76, p. 382, 972; V. 77. p. 950; V. 78, p. 1962.
Total in earnings
Car ferry, Grand
3,663
&
For
Dividends—
Guar.
4%
98.
'99.
'00.
•01.
'02.
•03. '04.
stook
2
.. ..P.O.
4
4
4
4
4
4
1st preferred
P.O.
5
3
5
5
5
5
5
2d preferred
3Vj
... P.O.
3
4
5
5
5
3d preferred.
P.O.
1
2
In Apr., 1905, lull dividends for entire year 1904 were paid on first
and second pref. stocks. V. 80, p. 871.
Earnings- 2 mos., >1905
Gross, $3,711,192; net, $690,555
Jan. 1 to Feb. 28. 5 1904
Gross, 2 998,736; net,
65,697
Report.—Statement for 1903 was in V. 78, p.1271.
Tears ending Dec. 31
1904.
1903.
1902.
Gross earnings
£5,689,130 £5,916,548
£5,189,079
Transportation expenses
4,100,660
4,209,115
3,578.433
Net earnings
£1,588,470 £1,707,433
£1,610,646
Total net lnoome
£1,786,232 £1,891,170
£1,811,658
Rentals
155,206
155,206
155.206
Interest on b'ds and deb. stk.
1,069,505
1,068,690
1,066,152
Advances to controlled roads
4,809
13,901
16,768
Dividend on guar, stook
(4%)255,532 (4%)214,160 (4%) 208,792
Do on 1st pref. stock
(5%) 170,842 (5%) 170.842 (5%) 170,840
Do on 2d pref. stock
(5%)126,420 (5%)126,420
(5%)126,420
Do on 3d pref stock
(2 ^)143,293
q%) 71,649
Balance
sur.£3,32o def.£l,342
def.£4,i67
President. Sir 0. Rivers Wilson, London; Seoond Vice-President and
General Manager, Chas. M. Hays.— (V. 79, p. 2642; V. 80, p. 871.)
Grand Trunk Western Ry.— Owns from PortHuron, Mich., to
Chic & West. Ind. RR., 330 miles, and trackage Chicago & West. Indiana, 5 miles; total, 335 miles. Stook. $6,000,000, all owned by Grand
Trunk. Suocessor (V. 69, p. 954; V. 71, p. 28) of Chicago & Gr. Trunk
Ry., foreclosed.
Bonds.—The Grand Trunk unconditionally guarantees the interest
on the new 4s. Of the 4s. $563,000 are reserved for Northw. Grand
Trunk 6s. The new incomes are subjeot to call at 85 and any interest
then due. within the first 10 years. Int. on incomes, 1% paid on July
coupons in 1902 to 1904, incl. Jointly with Toledo St. Louis & Western
guarantees Detroit & Toledo Shore Line bonds. V. 76, p. 653.
Earnings-2 mos. >1905
Gross, $789,345; net, $70,077
Jan. 1 to Feb. 28. $1904?
....Gross, 709,048; op. def 973
Y
e,*£-e l, ng June 30 « 1904 groa8 $5,289,245; net, $756,213; charges,
«
i V
$742,976; 1% on incomes, $15,000; def., $1,763. (V. 78, p. 1440.)
G£ ea 1 J!iortner n J$J'~rS sf e Mapu.)-In Feb., 1890, leased the
«. Paul
Bt.
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 1904 only $448,600 of Manitoba stock had not been exohanged for
Gt. No. stook. (V. 68, p. 129; V. 67. p. 1356; V. 67, p. 370, 788, 842.)
The Northern Securities Co. (which see below), which owned $118,124,200 Great Northern stook, also nearly all of the stock of the
Northern Pacific, was In April, 1905, being liquidated under
the pro rata plan of distribution sustained by the U. S. Supreme
Court. The Union Paoifio to receive $24,638,919 Great Northern
stock on account of Its holdings of Northern 8eourlties stock. See V.
78, p. 1123, 1393, 1447, 1498; V. 79, p. 213; V. 80, p. 118, 1363, 1479.
Lines leased and operated
—
—
Owned, unbonded
&
Seattle & Montana RR.
Seattle to Westminster
Anaoortes to Rockport,
Wash., etc
Man. Ry.,
Bt. Paul Minn.
St. Paul to Lowell, Wash... 1,790
143
Branches In Minnesota, the
Dakotas and Montana
73
2,012
Eastern Ry. of Minnesota
Fosston to Cass Lake
60
Total operated directly.. .4,902
Hinckley to Duluth
72
Stock owned oper. separately
Hinckley to Fridley
65 Willmar & Sioux Falls—
Wlllmar to Yankton 8. D.. 205
New Dm. to Cass Lake
140
Missis., Minn., to Hibbing
Garretson, S. D., to Sioux
49
Brook Pk. to Coon Creek
City.Ia., and O'Neill, Neb. 228
June, etc
109 Duluth Watertown & Pacific—
Park Rap. & Leech Lake Ry.—
Watertown to Huron, Dak.
70
Park Rapids to Cass Lake.
49
IfMlnneapolis Un. Ry., etc
8
Dakota <fe Great Northern Ry.—
Montana CentralGranv.to Mohall.N.D., etc 104
Great Falls to Butte, etc... 249
HDuluth Terminal Ry
203
2 Spokane Falls & Northern.
ffDuluth Sup.&West.Term.
Washington & Gt. Nor. Ry.—
Montana & Great Nor. Ry.—
Marcus, Wash., to Republic,
69
(V. 73, p. 904, 184.)
etc (V. 73, p. 904, 184) ....
—
—
.
Vancouver Victoria & Eastern Ry. & Navigation—
Jennings, Mont., to Gate-
way
51
Gt. Falls, Mont., to Sweetgrass.
Rideau, B.
134
B.
Crows' Nest Southern Ry.—
Intern. Boundary to Morrissey, B.
O
„.
C,
0., to
Carson,
17
eto
Total road July, 1904. ...5,951
and sidings.. 1,312
43
2d, etc, tracks
During 1903-04 79 miles of extensions were completed and on June
30, 1904, 117 miles additional were projected.
Lands.— Sales for year 1903-04 were 554 aores for $79,754 and 51
town lots for $3,010. The net amount due on land contracts June 30,
1904, was $2,297,646; lands unsold, 790,380 aores, to be reduced
about 650.000 aores by a final adjustment with U. S.
Minneapolis & St. Cloud grant was 425,664 aores; unsold July 1,
1904, 19,048 acres; sales in 1903-04 were 1,642 aores for $10,570.
Dividends, ) '92 to '96 (Indus.), '97 '98 '99 '00 '01 '02 to May, '05
Gt. North. $ 5 p. 0. yearly.
5^ 6H 7 7 7*3 7% yrly. Q-F)
The dividends declared payable on Great Northern stock exchanged
for stock of Northern Securities Co. from May. 1904, to Feb.. 1905.
both inclusive, were in Apr., 1905, being distributed on the liquidation ot the latter.
V. 80, p. 1479; V. 78, p. 1781; V. 79, p. 213, 270.
Mont, stook, whloh was then exp. 0. in Seattle
V. 66, p. 1044, 1188; V. 74, p. 829.
p. 0. In Gt. Nor. pf
&
Also in 1898 50
changed for 40
Bonds.— St.
which bonds
.
&Man.
consol. mort. of 1883 Is for $50,000,000. of
are reserved to pay prior liens. It is a first lien on
P. Min.
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 extensions
and for second track. Abstract V. 45, p. 342.
Pacific extension mort.£6,000,000 provides for bonds at £6,000 per
mile in Montana and £7,000 Der mile west of Montana £3,000.000
of this issue (of which £1,000,000 sold) were released upon payment of
collateral trust bonds Sept. 1. 1898. V. 66. p. 1044, 1188; V. 80, p.
1111. 1174. See abstract of mortgage, V. 52, p. 82.
In 1904 the Gt. Northern and Northern Paoifio had acquired $107,661,000 of the Chioago Burlington <fc Quincy RR. $110,839,100 stook
in exchange for their Joint 20-year 4 per cent gold bonds, secured
by the deposit of the stook In trust, on basis of $200 in bonds for
each $100 stock. See circular, V. 72, p. 871, 1034, 1135, and application to list. V. 73, p. 294, 903.
Eastern Railway of Minnesota.— First mort. covers road, equipment,
terminals and elevators. The Northern Dlv. $15,000,000 mortgage
from Fosston, Minn.,
of 1898 provides for extension built
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. Dec 12, 1891.) The Manitoba guarantees these Issues, and
Great Northern assumes guaranty. See form of latter, V. 74, p. 680.
The Willmar <fi Sioux Falls bonds are endorsed with Joint and several
guaranty of the Manitoba and Great Northern jompanies. 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.
The £1,500,000 two-year sterling loan due Deo. 1, 1905, Is seoured
by deposit of £2,000,000 St. Paul Minn. <6 Manitoba Paciflo extension
;
1566
RAILWAY STOCKS AND BONDS.
[
Vol. lxxx.
APK.. 1905.
J
RAILWAY STOCKS AND BONDS
1567
1568
RAILWAY STOCKS AND BONDS
Vol. lxxx.
Ape., 1905.
J
RAILWAY STOCKS AND BONDS.
1
569
RAILWAY STOCKS AKD BONDS.
1570
RAILROADS.
For explanation of column headings,
on first page of tables.
Or eat
<feo.,
Miles
Date
of
of
see notes
Par
Outstanding
Road. Bonds Value.
Northern — (Concluded)—
Willmar & 81'x F'lls 1st M.,g.,gu.p.&l,(end)Ce.c*<fer
Minneapolis Western 1st niort.. gold, guar
o*
No. Ry. of Can— New con.M.,$7,962,000.Ce.text
Green Bay <t Western RR.— Stock. See text
Debentures, Class A, Incomes, text, non-ouui..c*
Class B, Incomes, after stock, non-oum
c*
Greene RR. (N. T.)—Stock
Greenw. <t Jo\nsonvilU-l8t
$500,000, g.S.c&r.
Guay. rf Q. —1st M. $12,282,000, g., gu., text, i sin
Gulf Beaumont A K.O.— lstM.,$10,OOOp.m.,g.AB.c
2d mort.. $10,000 per mlle($176,000 are 6s)AB.c
Gulf B. & Gt. No. .gold. p. & 1. gu.,end.AB.text.o
Gulf <t Ship Island— Stock, $5,^00.000 authorized.
o*<fcr
1st ref. and terminal M., g., sink, fund, N
2
1888
1891
1905
1,000
1,000
189*6
1,000
1,000
3,646,000
5 g. J. <fe D.
500,000
5 g. J. & J.
4,962,000
4
A. & O.
2,500,000 5 Feb.'05 Feb.
600,000 5 Feb.*05 Feb.7,000,000
200,000
J. A D.
6
380,000
4 g. J. & J.
9,600,000
6 g. J. & J.
749,500
6g. F. & A.
750,000 5 A 6 g. F. & A.
781,000
5 g. J. & J.
5.500.000
4
Q.-J.
"ioo
1896
100
21
.
"62
62
77
281
1904
1899
1893
1893
1900
1,000
1,000
500
500
1,000
100
1902 l.OOO&c 5*4937.000
I
700.000
4
2,714,000
2
4 i^g
700,000
310,000
5 g.
1,453,000
6 g.
200.000
6
11,000,000 3 In 1904
15,000.000 4 in 1904
1,401,000
4 g2,500,000
7
1,584,000
7
4 i«g.
13,139,000
r
sterling 4s. The certificates of participation issued bv the bankers are
In denomination of 4200, or $972 each
V. 77, p. 1873.
General Finances.— In 1901-02
(10 months) received $800,000
per cent); in 1900-01, $1,920,000 (12 per cent) in dividends
1902-03
Eastern
Ry.
Minn
stock;
in
on Montana Central stock,
on
of
$250,000 (5 p. c.) and in 1903-04, $350,000 (7 p. c.) and on Willmar &
Sioux Falls stock in 1902 03 and 1903 04. each $280,000. Total funded
debt per mile ol main track (4,743 miles) In the hands of the publlo,
$20,374. V. 77, p 978. Train load 1903-0 1, 447 tons.
Earnings.— Great North'n system (inol. St. P. M. & M., East, of Minn,
and Montana Central) July 1 to Mar. 31, 1905, 9 months, $33,326,383
against $31,923,639 in 1903-4.
Annual Report.— Report for 1903-04 was given at length In V. 79>
p. 1949, 1958. See also editorial p. 1924.
(5
operations great northern system proper
ll<03.
1902.
$
t
$
5,623
5,490
5,249
$10,057,362 $40,'85,647 $36,032.2"6
18,045,0t0
Net earnings..
._
19,234,692
17.003,398
54-95
52-84
P. c. of expenses and taxes.
52-81
(2) great northern income account,
Tear ending June 30.
1901.
1903.
1902.
Net earns. St. P. M. & Man
$16,«79,973 $17,96 i, 874 $13,268,998
Interest on bonds owned
„.
395,896
396,871
380,635
Dlvlder.de on stocks owned
751,310
850.267
1,419,960
Profit on Treas. scour, sold
74,034
363,177
Rental*-* of leased lines
119,751
114,385
176,484
. .
Bills receivable
General
Int.
and other income
Total receipt*
Paid rental St. P. M.& Man
Gre*t Northern dividends
Interest on £ loan
Renewal, eto„ funds.
1,492
1,491
354,896
402,424
3,059
474,141
$18,302,748
$19,801,346
$16,085,456
$3,9 '3,603
$3,992,737
$3,742,546
(7)3,^88,925 (7)8,073,973 (7)9,225,920
212,*?25
2,000,000
Balance, surplus
3,000,000
2,030,000
sr.$3,432,595 sr.$4,l 34,636 sr.$2,116,990
(3)
operations of whole system.
Tear end June 30,'04. Gross.
Net
OIK. inc.
tot net inc.
Great Nor'hTn Ry .. $3«,062,947 $16,679,9*3 $929,275 $17,609,243
Mntana 0-ntral Ry .. 2,376,127
99,052 25,572
1,020 624
Will & Sioux Falls Ry.
1, 487,15m
320,154
4,518
324J672
Dul. Water. & Pac. Ry.
131,121
49,831
201
50 032
Tot. Rv. sys. proper.. $40,057,353 $18,045,010 $959,566
Spok. Falls
No. Sys .
967,466
241,420
4,<tl7
&
Minneapol
Union. ...
Minneapolis Western..
8
29,454
58,119
34,413
Daluth Terminal
200,235
iw,690
13,500
9,688
8
$19/04,576
245,837
20:^,924
18 698
13,500
Tot. for the system... 9 41.414,805 $18,518,855 $973,679 $19,492,535
From this last result ($19,492,535) in 1903-04 paid total interest
charge of all companies, and guaranteed divid's on St. Paul Minneapolis & Manitoba stock, etc .not owne<i,a total of 15.115,028, ana dividends of $8,683,925 on the stock of the Great Northern Ry. Co. and
$2,000,000 for appropriation lor renewal funds.
Officers.—President, James J. Hill, 8t. Paul; 1st Vice-President,
Louis W. Hill, St. Paul ; 2d Vice-Pres., R. I. Farrington; 3d Vice-President and Secy, E. T. Nichols, New York; 4th Vioe-Pres., J. W. Blabon;
Treas'r and Asst. 8eo'y,E. Sawyer, St. Paul; Asst. Sec'y and Asst. Treas.,
N. Terhune, New York N. Y. office, 32 Nassau St.
Directors— J. J. Hill, Frederick Weverhaemer. E. Sawyer. M. D. trover
1. Farrington. H. W. Cannon. J. N. Hill, Louts W. Hill,
VVm. B Dean
(V. 79, p. 213, 1636, 1949, 1958; V. 80 p, 1111, 1174, 1479
:
R.
—
)
Great Northern Railway of Canada.——Owns main line
between Rlv-a-Plerre, on line of Quebec & Lake St. John Ry., to
Hawkesbury, on the Canada-Atlantic Ry., 168 miles, with running
rights over Q. & L St. John to Quebec, 58 miles branches, 6*4 miles;
leases Chateau gay & Northern, Jollette to Montreal; total operated,
268 miles. Owns elevator at Quebec, car and repair shops at Quebec,
,
;
'
V. 71, p. 1220
The 4s of 1905 ($7,962,000 authorized issue) issuable per plan V. 79,
p. 2795, are subject to call at par during ten S ears from date. Of the
tunes, *4,962,000 guaranteed principal and interest by the (Rnadian
Northern Ry., are issuable to retire old bonds and pay off other liens
and dents, and the remaining $3 000,000, at not exceeding $20,000
per mile, for additional mileage constructed or acquired.
Earnings.—For year ending June 30, 1903, earnings were reported
as, gross. $369,323; def. under 1 per. expenses, $3,322. Report for year
ending June 30, 1902, in V. 75, p. 1352, showed gross, $524,764.
President, D. B. Hanna, Toronto 1st Vlce-Prest. James MoNaught
35 Nassau St., N. Y.— (V. 79, p. 2455, 2612, 2697, 2795.)
etc.
;
Green Bay &
IX cuter 11
BR.—Road owned from Green Bay,
Wis
,
to Marshland, Wis., 209 miles; branches, 13 m.; trackage to Winona, 4 m.
History.— 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 oan any be placed thereon, or the property be sold or leased
A
&
6g.
1,182,550 7*v in '04
,
19li4.
Dividend.
N. Y.,
32 Nassau 8treet. June
1,
1938
N. Y.&Lon., BaringBros July 1, 1911
New York.
Apr. 1, 1935
N. Y. office, 40 Wall. St. Feb. 1, '05,
do
do
Feb. 1, '05,
do
do
D.L.&W.off.26Exch.Pl. Dec, 1904. 3%
N. Y., Stand. Trust Co. Jan 1, 1924
N Y..U.SM.&Tr.ALon. Jan. 2, 1932
Aug. 1, 1913
N. Y., 5 Nassau St.
do
Aug. 1, 1913
do
do
do
July 1, 1930
Buffalo, N. Y.
Jan. 14,'05,1%
N. Y., Fisk & Robinson Feb. 1, 1952
5 g. J. & J.
'$16,000 o Id 5s of 1 896 rem ain outstanding.
300,000
(
Tear ending June 80.
Aver, miles operated
Gross narniDgs
Whom.
Payable
Cent.
Hancock dk Oalumei-See Mineral Range RR.
Hannibal rf 8t. Joseph— See Chicago Burlington & Quino y22 1895 100 &o.
Harrinxan <£ Northeastern—1st M. gold, Oe
53
50
Barnsb. Portsm'th Ml. Joy dt Lane. —8took,7p. e.gu.
53 1853 500 &C.
1st mort, (ext'd in 1883), guar.p.&i.Pa. RR.fiP.r
100
109
Hartford <£ Connecticut Western— Stock
109 1883
1,000
1st mortgage, extended In gold In 1903
1902
Hawkinrv. <£ Fl. So —1st M $100,000, g.,gu p.&l.
Henderson B'dge Co.— 1st M., g. d'wn at 105.€e.c*
1881
1,000
4>4
100
Hibernia Mine RR. —Stock
Hocking Valley Ry.—Stock, com., $11.000.000..
100
100
Stock, pref., non-ciun. (see text), subj. ca 1 at par.
Columbus & Hooking Valley 1st more, gold...c* "Ye 1867 500 &C
Col. & Toledo 1st M. (Columbus to Walbridge).c*
118 1875
1,000
Ohio ^ West. Va. 1st M. (Logan to Pomeroy)c\.
1,000
85 1880
1st con.cl mort., $20,000,000, gold.Ce
346 1899 l.OOO&c
(1)
Bonds— Pnnci
INTEREST FOR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— Last
$
205
Gt.
M
Amount
or
Size,
[Vol. lxxx.
J.
J.
J.
&
&
&
J. N. Y., Central Trust Co. Jan. 1, 1916
J. Phila. , Company's Office ffan.10, '05.31*
J.
do
do
July 1, 1913
<fe
J.
F&A.31
J.
A &
M.
A.
J.
J.
A.
F.
M.
J.
Feb 28/05,1%
July 1. 1923
1952
Hartford.
do
O.
& 8.
& O.
& J.
& J.
& O
& A.
& N.
& J.
N. Y., 120 Broadway.
See Central of N. J.
Sept. 1, 1931
Apr. 10 ,'05, 3%
N.Y., J.P. Morgan & Co Jan. 16, 05, Us
do
do
Jan. 16,'05,2%
do
do
do
do
do
do
do
do
Oct.
May
1,
1,
1,
July
1,
Aug.
1948
1905
1910
1999
without consent of 75 per oent of stock. Class A debentures are en2^ per oent interest, if earned, then common stock to 213 p.c,
then the two share ratably but after 5 per oent has been paid on both,
olass B bonds are entitled to all surplus earnings. See V. 61, p. 471.
Dividends—
(1898. 1899. 1900. 1901. 1902. 1803 1904. 1905.
2i«
Class "A" deb., p.c. < 2%
2ifl
3
4
4
4
5
li«
Stook, p. c
2*4
3
4
4
4
( ....
5
Report for year ending Deo. 31, 1904, in V. 80, p, 1359, showed:
titled to
;
Freight.
Passen'r.
Grons.
Net.
laxes,
etc.
Bal.,sur.
$446,852 $14S,545 $592,397 $225,945 $20,358 $205,*87
433,524
146,070
579,594
223,432
15.143 203,289
From bal. paid in 1901 on debent. "A," 5%. $30,000; com.stook.5%,
$125,000; in 1903, on deb. "A," 4%, $24,000, and on com. stock, 4%.
$100,000.
Directors.— 8. S. Pauner.Pres.; Mark T. Cox.Seo. and Treas., 40 Wall
St.; C.Ledyard Blair, J. A. Jordan, W. J. Hunt.— (V. 80, p. 162, 1 359.)
Greene RR.—Owns road from Chenango Forks to Greene, N. Y.,
8 miles. Leased to Delaware Lack. & W. for term of charter for 6 p. o.
on stock. Capital stock, $200,000; par, $100 The $200,000 7 p. o.
bonds which matured Deo. 1. 1902, are held ia the D.L.& W. treasury.
Greenwich * Johns" it vllle RR.— Owns from Sohuylervllle to
Johnsonvll e, 21 miles, Including extension from Greenwich to Schuylerville, 7 1* miles, completed in 1904. Stock, $225,000.
Bonds, see
table above. For year ending June 30, 1904, gro*s, $70,210; net,
$23,080; interest on bonds, $7,600, dividend (4 p. c). $9,000; bal., sur.,
$6,481. President. I. C. Blandy; Auditor, J. H. McDaniels. Office,
Greenwich, N. Y. (V. 7s. p. 342, 1781.)
Guatemala Rf.-V. 76, p. 265; V. 78, p. 988, 1497; V. 79, p. 902
Guayaquil Ac Quito Ry.— (S^-foot gauge.) Projected from
Guayaquil to Quito, Ecuador, abou<; 290 miles, with two branohes.
Of this, 130 miles, from Guayaquil to Colta. are in operation.
Stook authorized, common, $7,032,000; preferred, 7 per cent, cum.,
$5,250,000. The bonds are guaranteed, principal and interest, by the
Government of Ecuador, secured by a first lien on all the Customs
duties of the latter, it receiving In consideration 49 p. c. of the common
stock. Interest in London is payable at Glyn, Mills, Currle & Co.
All tbe bonds are purchasable for a sinking fund of 1 p. c. yearly, and
in addition $1,014,000 (of which $468,000 are now outstanding) are
subject to call at par for a special sinking fund. President. 81r Jas.
Siverwright, London; Vioe-Pres., T. H. Powers Farr, New York; Sec.
and Treas., Samuel H. Lever, N. Y. Office, 33 Wall St.— (V. 79, p. 786.)
Gulf Beaumont & K.C.Ry.— See Sup. forOct.,1902;V.77,p.l225.
1904
1903
—
Gulf & Inter-State Ry.—See page 1683.
Gulf & Ship Island RR.— (See Map.)— Owns from
Gulfport on
Mississippi Sound, Gulf of Mexico, to Jaokson, Miss., 160-5 miles;
branches, Maxie to Columbia, 48-75 miles, and Saratoga to
Laurel, 41-75 miles; Mendenhall to Silver Creek, 30 miles; total, 281
miles.
Laid with 60, 65 and 75-pound steel rails, for former of
which 75-lb. rails are being substituted. Important harbor improvements have been constructed at Gulfport, including an extensive system of docks, piers, etc.; also a channel 7 miles long extending to deep water. From Mendenhall to Columbia, 60 miles, is under
construction, of which 30 miles completed Oct., 1904.
Stock. -Capital stook, $5,500,000 (par of shares, $100) all outstanding and deposited with N. Y. Sec,
Trust Co. under a voting trust; J.
T. Jones, Harvey E. Fisk and Charles K. Beekman, voting trustees.
Dividends.—Apr., 1903. to Jan., 1905, both inclusive, 1 p. c. quar.
Bonds.—Of the new 1st 5s ($5,000,000 authorized), $2,750,000 were
used to refund the old bonis (only $16,000 of the latter being now outstanding), the remainder were issued as follows: $1,000,000 to complete the terminals at Gulfport. $500,000 for newequlptnent and $750,000 for 75-lb. rails and other improvements to roadbed aud structures. A sinking fund of one per cent yearly, becoming ope' ative Jan.
1905, may purchase bonds at not exceeding 110, bnt the latter cannot
be drawn. To Apr.. 1905, *47,00) had been purchased. See V. 74,
p. 426, and application to list. V. 74, p. 1257.
Earnings.— For 8 months ending Feb. 23.
G o«*.
8 months
Net.
Oth. Income. Charges. Bal., tur
&
1904-5
1903-4
$1,220,382
$?94.591
$4,745
$209,099
$99,237
$1,237,86-1
443,923
283,985
7,901
167,839
Report.— Report for year ending June 30, 1904, was given in V. 79,
p. 1701, showing (261 average miles), gros*. $1,829,816; net over
taxes, $600,580; other income, $11,801; charges, $279,06*; dividends,
$200,000; bal.. surplus, $133,313. Pres., J. T. Jones, Buffalo, N. Y.—
(V. 79, p. 151, 731, 1461, 1701,2642; V. 80, p. 1S2.)
Hariiman Northeastern Rr.— Harriman to Petros, Tenn.,
22 miles. In Jan 1903, emire stook acquired in the Interest of the
Cincinnati, New Orleans & Tex. Pac. Ry., but will be operated separately. V. 76, p. 157. Stook, $600,000.
Year to Mar. 31, 1902, gross,
$81,805; net, $39,981; charges, $18,000.— (V. 76, p. 212.)
Hartford &. Connecticut Western Ry.— Hartford, Conn., to
Rhinecliff, N. Y., 109 miles, and branch, 14 miles. Leased till Aug.,
1940, to Cent. New England Ry. (now controlled by N. Y. New Haven
Hanford RR.), the rental paying charges and 2 p.c.ipet annum on the
stock, of which $1,390,000 is owned by lessee.— (V. 76, p. 1084.)
Hawklnsvllle &z Florida Southern Ry.— Worth to Hawktnevllle, Ga 44 miles. 8toofe, $100,000, of which on«-half acquired in
Apr., 1904, by Georgia Southern & Florida, which guarantees bonds
&
,
&
,
Apr.
1905.'
RAILWAY STOCKS AND BONDS
157!
RAILWAY STOCKS AND BONDS.
157^
nkers
**e
-f
—
[Vol. lxxx.
Adrian,/ ~\Lenawee Jc,
<>0 M ;/Corbus
s
irosvenor
shoh £
MAP OF THE
HOCKING VALLEY
/albn
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—
RAILWAY STOCKS AND BONDS.
Apr.. 1005.]
RAILROADS.
For explanation of oolnmn headings, &o. see note 8
(
on first page of
tables.
Bock V".«7on.)K.<feH.C.&C.lstM.g.,gu.red.llO aril
Oon.Ooal 1st M.,$8,600,000,g gu.sf.'06,red.H0af.'ia S
Equip, notes, payable monthly
Oar trusts, g., $80,000 seml-ann.S. (V. 75, p. 741)
—
Soosac Tunnel <t Wilmington Stock
1st mortgage, $250,000, gold.
Soust. E. £ W. Texas— < gu. p. & 1. by So. P. Cn..o'
,$3,000,000,g. I not guaranteed
1st
State of Tex. pr. Hen 1st 75 m.
Eousi.it Tex. O.RR
lstM.l.gr.g.red.HO,lnt.gn. $2,966,000 pd.Cec*<fer
o*<fer
Con. M., 1. g., g., red. at 110, int. guar.F
M
).
OB
—
Mpc&r
M., gold. Int. guar., end
1st M.,g.,$25,000 p.m.Ce.o*&r
Northwest.. 1st M.,g. l gn.p.&i.Mp.o*&r
Austin
Ft. Worth & New Orl., 1st M. (Wax. to Ft. W.)...
O.Tex.A N.W., 1st M.. gu. 8. Pao. (Gar. to Wax.)F
Hudson Companies— QV*. ($16,000,0C0 is 7% cum.)
Huntingdon <& Brood, Top—Common stook
Preferred stock, 7 per cent, non-oumulative.,
1st M., extended in 1890 (int. only in gold)..GP
2dM., old 7s, extended in 1895, p. <fei., g.)...GP
3d mortgage, oonsol., ext. in gold In 1895.GP.0"
Con sol. car trust, $68,000 due Oct. 1 yearly
Oreo..
Waco & N.W.Div.,
&
,
Miles
of
ser.
of
Par
••••
1901
1902
>••
1900-1
mmmm
1902
,
1892
1893
1893
1870
1890
1890
1890
1900
1891
1895
1881
••
25
191
191
75
453
453
453
58
103
41
12
.••
64
64
64
64
64
• •••
*
•
1854
1857
1865
1896
1899
1893
—
<t
Size, or
1,000
1,000
1,000
1.000
1,000
1,000
1,000
100
50
50
500
500
1,000
1.000
1,000
100
100
1875
4200
1875
4200
1886
1,000
1886
1,000
1895
£200
1903 l.OOO.&C
1
RR.—
Owns from Rookaway, N. J., to Hibernla
Ill her ilia Mine
Mines. N.J. ,4*4 m. Leased to Cent, of N.J. in 1890 for $12,000 per an.
Hocking Valley Railway— (See Map.)—This oompany owns
main line from Pomeroy, O.. to Walbridge, O., 250 miles, with trackage (Penn. RR. System) Walbridge to Toledo, 6 miles branches to
Athens, Nelson ville, etc., 73 miles; leases Wellston & Jackson Belt
Ky.. MoArthur Junction to Jackson, 18 miles; total, 347 m.; 2d track,
46 m. In Oct., 1902, acquired all the securities of Zanesville & West.
Ry.. Columbus to 8hawnee and Zanesville, O., with branches 126
miles (of whioh 40 m. not owned) operated separately. V. 75, p. 906.
Histobt, &c—Successor Feb. 25, 1899, per plan V. 68, p. 231, of
Columbus Hock. Valley & Toledo Ry., foreclosed. The coal lands, from
which the bulk of the business is derived, aggregate about 20,975 acres,
and are oovered by the consol. mortgage. In 1899, acquired control of
Toledo & Ohio Central Ry. (which see), by purchase of entire issue of
$8,421,000 Middle States Construction Co. collateral 3s, which are
secured by deposit of the entire stock of the Tol. & Ohio Cent. Ry.,
exoept $54,100 common and $11,600 preferred (See V. 69. p. 1345),
but that road is operated separately. See Stock below.
Preferred Stock.— Has preference as to assets and dividends and
is entitled to share equally with common in any dividend above 4 per
cent in any year. V. 80, p. 1111.
Sale of Stock, ETC.-In June, 1 903, $6,924,200 of the outstanding
$11,000,000 common stock was sold to five RR. companies, viz.: The
P. Gin. Chlo. & St. L. (two-sixths interest) and Bait. & Ohio, Ches.
Ohio, Lake Sh. & M. 8outh. and Erie (each one sixth), the owners re
celving $103 per share above all expenses. There were issued by J.
P. Morgan & Co. $7,270,410 three-year 5% gold "participation certificates," due June 28, 1906, int payable J.&D.28, seoured by the stook
acquired. The companies are obligated in the proportions named.
V. 75, p. 1301; V. 77, p. 36, 1225; and form of cert., V. 77, p. 1874.
DrviDENDB.—On pref., 1900,31a p.c; 1901 to Jan., 1905, incl., 4p. o
por annum. On com. July, 1901, to Jan., 1905, incl. 3p. o. perannum*
Bonds.— The oonsols ($20,000,000 authorized) besides a lien on the
entire property, subject only to $5,832,000 prior bonds, have a first
lien on all the coal lands $5,832,000 consols are reserved to retire
the existing bonds (these existing bonds, however, may be extended at maturity) and $5,645,000 for the acquisition of new property
and betterments, of whioh $4,438,000 sold in 1899-1904. V. 72, p. 338;
V. 74, p. 1038; V. 76, p. 1192; V. 78, p. 989. Substantially all of the
bonds and stock of the Ohio Land & Ry. Co. and the Wellston & Jackeon Belt Ry., 18 miles, are deposited under said mortgage. V. 68, p.
823.* Guarantees Kanawha & Hocking Coal & Coke Co. bonds. V. 74, p.
271; V. 77, p. 2393; also Continental Coal Co. bonds. V. 75, p. 497, 987.
Latest Earnings.—For 8 months ending Feb. 29:
Cross
8 mos.—
Net.
Oth. inc.
Charges.
Balance.
1904-5. ...$4,109,357 $1,397,584 $349,532
$613,006 $1,134,110
1903 4.... 4,019,110 1,342,702
348,640
662,952
1,028,390
Annual Report.—Traffic is mostly freight, and over 65 p. o. of this is
bituminous coal. Average train-load is large— In 1904 554 tons.
Report for year ending June 30, 1904. was given at length In V.
79, p. 1262, 1282; see also editorial, p. 1236.
1903-04.
1902-03.
1901-02.
Gross earnings
$5,725,483
$6,049,698
$5,316,523
Net earnings after taxes
$1,872,863
$2,211,172
$2,087,192
Other Income
550,901
686,861
504,549
;
&
$2,898,033
1,093,935
(4)560,000
(3)321,324
$2,591,741
989,368
(4)560,000
(3)312,648
Balance, year's surplus.... $504,593
$729,725
$922,774
Officers. -President, N. Monsarrat, Columbus; Sec. and Treas., W.
Colambu
Ass't
8:
Sec. and Treas., A. H. Gillard. New York,
W?2ll'
—
,- Alexander, Robert Bacon, R. M. Gallaway, Thomas F.
w J»j «V3,°S2 V hariSte8 Ble
New
York Ra 'P h
Hlckox, Charles G. Hickox
.nd i»^. ii*nl. C ey 1 nd; P
Huntington N. Monsarrat, W. F. GoodsoeJ k.
R 8.
5 w222£'
L William
£S
speea,
Warner and
N. Cott, Columbug, O.— ( V. 80, p. 1111.)
nn£ el
Wilmington
Narrow Gauge.Jr
Tunnel, Mass., to Wilmington, Vt.,25 miles.
?? a.,
ESS Hoo8ao
a
syndicate purchased the road and proposes to
•*
»
/.hMiJ«if;«
n
l t0 tandar d gauge in spring
of 1905. V. 79, p. 903.
?
w
04 ' gr088 $67,421; net, $17,308; bond lnteran?
5?n £
d JiT*
ld nd8 (2 p 0) $5,000. Dlvs. in
1896, 1 p. c; 1897 to
o
iSrW
; o lT ?
r u
1903, 2
o. yearly.
p. n
Pres., John
P. Kellas, Malone, N. Y.-(V.
^
,
'
,
'
£V
•
-
-
*
nlS^?^
^2h
W
w
:
RR.—
P^
'
>
79, p. 903.)
Texa * Ry.-Owns from Houston, Texas
**»SSE!mJ5?$ &£***
g 8port 191 mues, where it connects with
Hoiwrm,
^hr«™™£
{^
^^P^P-LoKansportto
'
the
Re-
Shreveport, 39 miles.
S2£SiMr
110
^ fore°l°8ure. Stook $1,920,000. of which
STC nnn ^in^a
y S Paa °°- whlch ha8 guaranteed $2,199,000 of
h!f principal
nr^?l^ and Interest, by endorsement, reserving
the bonds,
the right
'
H-.
$3,000,000
2,750.000
687,240
1,120,000
250,000
250,000
2.199,000
801,000
See text.
5,092,000
2,430,000
4,275,000
1,105,000
1,920,000
709.000
180,000
21,000,000
1,371,750
2,000,000
416,000
367,500
1,497,000
136,000
205,000
322.000
95,040,000
10,000,000
2,500,000
1,000,000
1,500,000
2.499,000
Whom.
Payable
Cent.
$1,000
1,000
Various
1,000
100
1,000
1,000
1,000
(see table above), ptinclpal and interest. Year ending June 30, 1903,
gross, $89,959; net, $22,255. Pres., Bird M. Robinson, 277 Broadway;
Treasurer, C. H. Reynolds. (V. 78, p. 1781; V. 79, p. 2585.)
Henderson Bridge Co.—Owns bridge across Ohio R. at Henderson. Ky.. and 10 miles of road. Stook is $1,000,000 (par, $100), of
which the Louisville & Nashville Co. holds practioally all. V. 73. p. 444.
$547,000 bonds In sinking fund in Oct., 1904.— (V. 79, p. 681.)
Total available inoome.... $2,423,764
ch arge8
1.018,971
££?£
,
gjjjdends
on preferred
(4)570,200
Dividends on common
(3)330,000
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Outstanding
Amount
Road. Bonds Value.
...»
car trust, $29,000 yearly Deo. l.PeP.
16
Vermilion 1st mortgage
Illinois Central— Stock, $95,040,000
Leased line 4 per oent stock, guar, (see remarks.) ....
Sterling bds. old 6s ext. in 1895
1st mort. of f Sterling bonds, due 1905
1874 for 4s of 1886, due 1951, gold..o*<fer
706
$15,000,000 3iflB of 1886, due 1951, g...o*&r
secures all 3s of 1895. due 1951, gold.o*<fer
equally. 17* 3*88 of 1903, due 1951. g...o*&r
14th
Iberia
Date
1573
g
'
5
5<S>6
& J.
& A.
Various
M. & N.
Deo. 31.
M. A S
M. & N.
M. & N.
J.
F.
4 lag
2 In 1903
It
5g. J. &
6g. A. &
S*
J.
J.
6
A.
&
&
&
&
See text. J.
See text. J.
&
&
A.
SI: M. &
&
&
&
&
&
F. &
M. &
J. &
A. &
J. &
J. &
J. &
M. &
A. &
i g
g>
-
I
4
5
See text
4
i g
g
5
4 g.
'
3Jflg.
*500,000
3
3.000.000
3i« e.
g.
N.Y..J. P.
Boruix— friiicl
•
pal.When Due.
by. Stocks— Last
Dividend.
Morgan & Co July
1951
1952
N. ST., J. P. Morgan & Co To July, 1908
do
do
Nov'05-M'y'12
Wilmington, Vt.
Deo.31,'03,2%
Bost.Old Colony Tr.Co Sept. 1, 192S
N. Y., 120 Broadway. May 1, 1933
do
do
May 1, 1933
Houston, Texas.
Annually.
J.
N. Y„ 120 Broadway. July 1, 1937
do
O.
do
Oct. 1, 1912
do
O
do
Apr. 1, 1921
N.
do
do
May 1, 1930
J.
do
do
July 1, 1941
J.
Deo. 31, 1925
O. N. Y., 120 Broadway.
Oct. 1, 1911
J.
J.
do
do
Feb.
1,
1,
Phil.Of.,4th&WalnutSt Jan. 28. '04, 1
do
do
do
do
O.
A.
do
do
do
do
Jan.25.'05,2ifl
Sept. 30, 1920
Feb.
1925
1,
O.
Moh. 31, 1925
o. Phlla. ,Merohants'Trust Oct. 1, '05-1906
D. Penn. Co. for Ins., &o, To Dec. 1, '11
A. N.Y.So.Pao.Co. 120 B'y Aug., 1943
S. N.Y., 135B'way&Lon Mar.l,*C5,3»fl
J.
do
do
Jan., 1905, 2%
O.
London.
Apr. 1,
D. Lon.,Chap..M.,G. &Co Deo. 1,
J. New York, 135 B'dway. Jan. 1,
J.
do
do
Jan. 1,
London.
S.
Mar.
New York & London.
O.
Apr.
1951
1906
1951
1951
1951
1951
1,
1,
redeem them at 105 and interest at any time on six months' notice,
guaranty, V. 70, p. 841; V. 71, p. 236. Year 1903-04, gross, $824,344;
net, $107,014; charges, $178,569; baL, def., $71,555.— (V. 78, p. 2384.)
Texas Central Railroad.— (See Map of Southern
Houston
Pacvff^)— Owns from Houston, Texas, to Denlson, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin. 215 miles; Bremond to
Ross, Tex., 54 m. Garrett to Ft. Worth, 53 m.; other 30 m.; total 690 in.
History.—Successor April 11, 1893, to a railway oompany foreclosed Sept. 8,1888. Reorganization plan V. 45, p. 792, 820. On Aug. 22,
1901, merged Austin & Northwestern, etc. Litigation, see V. 74, p. 680.
Bonds. ^The bonds are being gradually reduced with prooeeds of
land sales. The first mortgage was for $8,634,000, of whioh $570,000
reserved against claim of State of Texas upon 75 miles of the road.
The So. Pao. Co. guarantees interest on all bonds. The first mortgagt
bonds and the consolidated mortgage bonds may be called for redemption at 110 with proceeds of land sales. See full abstracts of all the
mortgages in V. 52, p. 242. Of the $5,068,000 consolidated 6s authorized
$1,149,000 (not included in the amount outstanding above) are held as
part security for the general 4s. There were also June 30, 1904, $450,000 Lampasas extension interim 5s, all owned by So. Pao. Co. Stook,
$10,000,000. of which the So. Paciflo Co. owned $9,996,000 par, $100.
In 1902 3 a dividend of 6 p. c. was paid
V. 76, p. 1084, 1192, 1407.
out of accumulated surplus. V. 76, p. 1407. As to school fund claim
for $673,100. see V. 64. p. 1137 V. 66, p. 471; V. 70, p. 686.
Lands.—The lands June 30, 1904, held for cancellation of 1st and
consol. mortgage bonds, consisted of 2,170,056 acres; land contracts
outstanding were $936,906. V. 65, p. 869.
In year 1903-04, gross, $5,200,072; net, $1,136,061; other income,
$9,784; oharges, $960,230; baL, surp., $185,615.— (V. 80, p. 1234.)
Hudson Companies.— Owns a controlling Interest in the New
Yoik & Jersey (tunnel) RR., whioh has a partly completed tunnel
railroad from Hoboken and Jersey City to New York, at or near
Christopher St and in the Hudson & Manhattan RR., which proposes
to build a tunnel road from Church Street, between Cortlandt and Fulton streets, to a point in Jersey City near the Pennsylvania RR.
station. This oompany will finance the completion of the tunnels and
provide necessary extensions, connections, terminals and equipment.
Upon their completion in 1907, or soon after, the tunnels will form a s^ s
tern running along the New Jersey shore from the Penn. RR. depot, passing under the Erie RR. passenger station to the Del. Lack. <te Western
station in Hoboken, with two arms to New York, one from the Pennsylvania station. Jersey City, the other from Hoboken. See statements of controlled cos. in this Seotion. Has long-term contract with
the Penn. RR. for the transfer of passengers. Incorporated in New
York Jan. 9, 1905. V. 80, p. 162. Floated by Harvey Fisk & Sons.
Stook authorized, $21,000,000, in $100 shares, of which $16,000,000
is preferred, 25 per cent paid in, the latter being all subscribed for at
par, payable in instalments of not over 25 per cent each.
to
&
;
;
,
•
The preferred stook is "entitled in priority to every other dividend or disrepayment of the amounts paid in with 7 per cent perannum
thereon from date, of payment, and In addition to one-fourth of every other
dividend or distribution, but not entitled to vote for 5 years nor until full paid."
President, Walter G. Oakman; Treasurer, Henry A. Murray; Secretary, Kenyon B. Conger.— (V. 80, p. 162, 222.)
(ribntlon, to
Hudson 6c Manhattan Ry.— Seepage 1683.
Huntingdon & Broad Top Mt. RR. & Coal Co.— Owns
from
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branohes, 19 miles.
Drv.—
10000
65
756
'92. '93. '94. '95. '96. '97. '98. '99 '00. '01. '02. '03. '04
On com. 4
4ifl4
777
5
5
Onpref. 7
7
5*3
Annual Report.—Report for 1903 was given in V.
Gross.
1904
1903
-(V. 78,
5
....
Net.
$676,531 $253,637
934,532
372,058
1905.
1
76
Jan.,
78, p. 1388.
Interest.
IHvid'nds.
$106,190
106,190
$133,717
208,587
2%
Balance.
sur.$13.730
sur. 57,282
1388; V.
229, 583,
79, p. 151; V. 80, p. 650, 1479.)
Mine Jot. to Abbeville, La., 16
miles. Stock, $300,000, of whioh $298,500 owned by Morgan's Louisiana & Texas RR. & SS. Co. (So. Pao.). Year 1903-04, gross, $77,492;
net, $45,169; other ino., $5,137; charges, $17,007; bal., sur., $33,293.
p.
Iberia
4c
RR.— Salt
Vermilion
Illinois Centra] RR.— (See Map.)— Road.—Operates from Chicago,
southerly to New Orleans, La., 912 miles, and westerly to Sioux
City, la., 509 miles, with numerous branohes. viz. (flwhich see):
Road owned in fee.
Miles.
Miles.
Chicago to Cairo, HI. C Mnt
Evansv. Line (Ohio Val. RR. 139
n
Centralia, LU., to East 1
100
^stem. -706 Mem., Ten., to Grenada.Miss.
Dubuque, la
Yazoo & Mississippi Val. RR.
Dubuque & Sioux City H
730
Memphis toN. O. and brs... 1,175
Switz City to Effingham, HI.
88 8t. Louis Alton & Terre H . 2 39
Springfield to E. St. Louis,
Entire stock owned.
111.
(V. 71, p. 547)
773
98 Branohes
111.,
"*
.
f^
. .
Acquired— Oct., 1901,
Peoria,
111.,
to
Ind., with 6 m.
73, p. 391, 665)
Leased.
Chicago
Cairo,
branch
111.,
to
& N. O.
New
& S.
W. &
. .
(V.
RR.
Orleans.
. .
br'ches)..
80
251
— Control owned.
St. L.
Line to Louisville, etc.
(O. O.
Leased.
Chloago & Texas (Sept.'97)
Track'ge Oliver Br. to Thebes
Evansville,
<,
547
614
Total system June 30,1904.5,549
Of which earns, kept separate—
1,175
Yazoo & Miss. Vail. RR
Total included in earns.
Julyl, 1904
4,374
RAILWAY STOCKS AND BONDS.
1574
RAILROADS.
For explanation of column headings, Ae., see notes
on
first
page of
tables.
Illinois Central— ( Concluded )—
.Trust bonds sterl.(seo. byCh. 8t.L.AN.O.cons.).Us
1st M..8p.Dlv.ref. m., (V.66, p. 1237) g.Us.xo*<fcr
Kank
& 8.WlstM.,Otto toNorman Juno. Abrs.r
o*<fcr
Collateral trust bonds, gold, $ Us
Cairo Bridge bonds, gold see remarks). Us.. c*<fcr
Col. trust, $25,000,000, g., on L. N.O. A T. Us.c*&r
o*<kr
Western lines, IstM., g.Us
Term 1 M., $10,000,000, g. Us.xo-<fcr
St. L. Div.
$5,O00,000(8eeV. 65, p. 1173),g.,Us.x.o\fcr
&
Do
Miles
Date
Size, or
of
of
Par
Road, Bonds Value. Outstanding
1886
*200 $5,266,000
1897 $1,000
2,000,000
1881
1,000
968,000
857 1888 500 &C 15,000,000
1892
1,000
3,000.000
798 1892 500 Ac 25,000,000
218 1894
1,000
5,425,000
500 Ac.
8,377,000
239 J 1897
|
1,000
4,998,275
J 1897
553 1897 500 &C. 21,788,000
567 1877
80,000
1,000 all,289,OO0
567 1881
567 1897
1,000
1,359,000
1.000
100 1889
3,500,000
130 1900 l,(00Ac
5,000 000
l.OOO
98 1900
3,148,000
631 1904
1,000
12,000,000
Me
.
.
M
—
.
a In addition $5,266,000
1883
1880
1886
1887
A
1,000
1,000
1,000
1,000
Siou
1901
1903
1905
:
1,000
1,000
1,000
100
1900
1,000
consol. 5s are pledged Ito secure Illinois
RK.-
Ac—
;
1
$46,831,116
34,735,682
$45,186,077
31,697,056
$40,821,030
28,014,340
Netearnings
$12,095,454 $13,488,121 $12,806,690
Net rec'pts from interest, Ac... 2,675,496
3,445,318
3,535,109
Miscellaneous
Total reoelpts
470,000
71,000
538,000
241,000
3i«g.
A J. London, Baring Bros.
& J New York, 135 B'dway.
& A.
do
do
do
A O.
do
A D.
do
do
do
do
A N.
do
do
A A.
do
A J.
do
do
& J.
do
do
do
A J.
A D.
do
do
J.
3iag. J.
5
F.
4
4
A.
g.
g.
J.
lg. M.
4 g. F.
3 *2g. J.
3 g. J.
3»a g.
J.
6
5
J.
g.
3iag.
4
3
41,053
15,830
16,679
$14^812,003
$16,949,269
$16,358,496
See text.
4,000,000
350,000
Jif&Drj
J/jAD/j
3 g
3*2 g.
J.
F.
J.
J.
6g.
J.
g.
g.
&
A
7
J.
4 S- M.
4g. M.
5g. M.
4
5
J
g.
g.
.
J.
D.
A.
A
&
&
&
&
&
D.
&
S.
J.
J.
J.
8.
8.
& D
& J.
& A
5,000,000 See text. F.
4,850,000
4 g. J.
Ce ntral
Whom.
Payable
Cent.
City.
(Concluded) —In Sept., 1904, the InIllinois Central
dianapolis Southern Ry., under construction from Indianapolis, Ind.,
south to 8ullivan, 110 miles, was purchased, affording a line to Indianapolis. V. 78, p. 2142; V. 79, p. 733, 968. Branch to Sand Ridge,
17 miles, opened in Aug., 1901.
Chartered in December, 1850. The company
History, Leases,
pays to the State of niinois 7 per oent (in 1904 $1,078,566) of gross
of the 706 miles owned in fee yearly in lieu of taxes. The Chicago St. L.
A N. O. is leased for 400 years from July 1,1882, at 4per cent per annum
on its $10,000,000 stock deposited to secure the leased line stock.
Capital Stock.— The leased line stock Is seoured by deposit of
$10,000,000 Chicago St. Louis & New Orleans stock (V. 65, p. 1071.)
Early in 1901 the stock was increased from $60,000,000 to $66,000,000, in Nov., 1901, to $79,200,000, and In Aug., 1902, was further increased to $95,040,000, to provide additional equipment and facilities.
See V. 71, d. 1066; V. 72, p. 241, 282; V. 73, p. 82, 138, 666; V.
74, p. 1308 V. 75, p. 77, 498. Of the stock 78 per cent was in Oct.,
1904, held in America, $8,000,000 or this being owned by the Railroad
Securities Co. See that company in this Section. V. 71, p. 698, 779.
DIVIS. ) 1886. '87. '88. '89. '90. '91 to '99. '00. '01 to Sep., '04. 190S
6 yearly
Com. stk. 5 7^% 7
7 5*2 6
5 y'rly.
Mar.,3ifl
5>a
In Mar,, 1905, 3 p. o. and *q p. c. extra were paid.
Bonds.— Main line $15,000,000 mortgage of 1874 covers property
described In V. 63, p. 76. Oairo bridge bonds are seoured by deposit
of a like amount of Chicago St. Louis A New Orleans 1st M. Cairo
Bridge 5s. The rental for the bridge is $180,000 in gold annually, of
which |20,000 goes to a sink. fund. See adv. in Chronicle, May 7,1892.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago
8t. L. A N. O. oonsols 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. o5, p. 550.
The $25,000,000 collateral trust bonds of 1953 are secured by pledge
of all the Louisv. N. O. A Texas (now Yazoo A Mississippi Valley RR.),
$16,900,000 1st mort. bonds, except $68,000, all the $9,104,000 mort.
incomes and all but $96,000 of the $10,000,000 land grant inoome.
See adv. in Chronicle June 11, 1-892, and V. 54, p. 964; V. 61, p. 112.
The Chicago St. Louis dt Sew Orleans have their interest guaranteed
(by endorsement) until the prinoipal is paid. The 313s of 1897 are guar.,
p. A i., by endorsement— see guaranty, V. 65, p. 1071.
The Western Lines loan of 1894 is for $10,000,000, but $4,575,000
bonds can be issued only when the road from Iowa Falls to 8ioux City,
184 miles, now subject to $2,800,000 of Iowa Falls A Sioux City bonds
(see Dubuque A Sioux City RR.) due in 1917, shall be transferred to
the trustee without encumbrance. See Supplement of Jan., 1899.
The St. Louis Division dt Terminal bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were issuable for improvements, equipment, etc., and $1,499,000 are
held to retire $1,400,000 underlying bonds still outstanding on the St.
Louis Alton AT. H. system; see table above. See abstract of mortgage In V. 66, p. 138. See also V. 66, p. 133; V. 71, p. 546.
Louisville Division dt Terminal mort. is for $25,000,000; of the bonds
$1,112,000 are reserved to purchase the 46 miles (Cecilia branch) from
Louisville A Nashville and to retire the L. A N. bonds thereon; $2,500.000 for new additions or extensions. Chicago 8t. Louis A New
Orleans took title to the Louisville Division an d oined in making mortgage. See V. 66, p. 136, for abstract; also8upp.of Jan., 1899. V.
65, p. 367, 516; V.66, p. 133; V. 67 p. 581; V. 75, p. 671.
Of the $4,000,000 Litchfield Division bonds, $852,000 are reserved
for improvements, etc. V. 71, p. 547, 646; V. 79, p. 2455.
The purcHmed Imes 3^s of 1904 (*20,000,OoO authorized) cover
various minor lines aoquired. Of the bonds, $12,162,000 (of which
$162,000 in the treasury) has been issued on 631 m. of subsidiary
branch lines purchased, #5, 338,000 is reserved to retire at maturity
$968,000 bonds of the Kankakee A Southwestern due 1921 (see bond
table abovei and $4,370,000 bonds of the Chic. Mad. A North. (231 m.),
which are pledged as part collateral for the collateral trust 4s of 1952;
and $2,500,000 can be Issued only on aoquiring title of Peoria Decatur
& Mattoon RR., 67 m. (See V. 71, p. 288; V. 79, p. 1273, 1642, 2588.)
General Finances.— Bills payable June 30, 1904, maturing Sept.
20, 1904, to Feb. 27, 1905, $3,000,000. In Dec, 1904, sold $12,000,000
"purchased lines" 3 "s p. c. bonds. (See above and V. 79, p. 2588.)
EARNINQ8.— 8 mos., $1904-5.. Gross, $33,170,092; net, $10,555,514
July 1 to Feb. 28. 1 1903-4.. Gross, 31,391.30a; net,
8,179/<34
Report.— Annual meeting is held the third Wednesday in October.
Report for 1903-04 was in V. 79, p. 1261, 1273; editorial, p. 1239.
The following does not include Yazoo A Mississippi Valley.
Tear ending June 30—
1904.
1903.
1902.
Miles operated
4,374
4,301
4,284
Passenger earnings
$9,554,743
$8,977,228
$8,020,649
Frelgnt earnings
31,692,575
30,592,094
27,710,782
Mail, express A miscellaneous.
5,583,838
5,616,754
5,089,599
Total earnings
Operating expenses
INTEREST OR DIVIDENDS.
Rate Per When Wnere Payable, and by
111
131
LoulBV. Div. A Term. M. $25,000,000^ g. U s. xc* <fcr
Chicago St. Louis & New Orleans, 2d mortgage..
Consol. M. ($18,000,000), gold, int. guar.o'Ar
J
guar. p. A i
I Do
Memphis Div. IstM., g.,gu. p. A 1. (end.). Us. o*
c*<fcr
Omaha Div., 1st M., g., $5,000,000. Us
o"
Litchfield Div., 1st M.. g. $4,000,000.F
Purcb. lines 1st M., $20,000,0' 0, gold Ue. t"&r
Underlying St. Louis Div. dt Terminal oonds.
17
Bellev.ACarondelet,lstM.,Belle.toE.C.,gold.o'
51
Bellev. & El Dor., 1st M. (I.e. owns $100,000)0*
30
o*
St. Louis Southern., lstmort., gold.
17
Carbondale A Shawneetown 1st M., gold .c*
Iowa Falls & Sioux Citv— See statement of Dub uque
111. la. dt Minn.- 1st M., $5,000,000, r, ,red IC.c,
132
Illinois Southern—1st
,gold, $5,000,000. EC. o
Illinois Term'l— 1st M., $500,000, g.. red. par.IC. Text.
Illinois Tunnel Oo. See Chicago ubway Co.
Indiana Illinois dt Iowa—Stock. $6.000,000
.0* 203
1st mortgage, gold. $12,000,000. gold IC
Indiana Dtcatur dt Western— See Cin. Ind. & Wes TERN.
.
Amount
.Vol. lxxx.
A
J.
bonds
collate ral trust
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York or Chicago
New York.
ASav. Bk.Chte.
Ill.Tr.
•eas
,
Bonds- - Principal, When Due.
Stocks— Last
Dividends.
July
Aug.
Apr.
Deo.
do
1921
1952
1950
1953
1951
1951
1951
1,
1,
1,
Nov.
Aug.
July
July
July
Deo.
1,
1,
1,
1,
1,
1,
1953
1907
June 15, 1951
June 15, 1951
Deo.
1,
1,
1,
1,
1951
1951
1951
1952
1,
1,
Sept. 1,
Mch. 1,
1923
1910
1931
1932
Mch.
1944
Aug.
Jan.
July
June
July
1,
Deo. 1, 1953
Jan. 2, 1925
Gr Cent. Stat'n Feb.
do
1950
1,
Jan. 1, 1951
1,
July
'05,2%
1950
1,
of 1886.
Deductions-
1904.
1903.
1902.
Central b'ds.... $2,961,615
$2,939,740
$3,015,365
Int.onChi.St.L.AN.O.b'ds....
2,415,079
2,416,653
2,413,251
Rental Dub. A 8ioux C. RR
cr 87,136
96.366
505,161
Net rental St. L. A. A T.
520,209
507,525
507,525
Miscellaneous
136.306
199,593
126,732
Divld'ds on 111. Central stock. .( 6)5,702,400 (6) 5,702,400 (6)4,752,000
Balance, surplus
$3,163,530
$5,076,992
$5,038,462
Yazoo A Mississippi Valley.— Results on 1,173 miles in 1903-4;
1,162 miles in 1902-3. See report at length, V. 79, p. 1020, 1031; edit.,
p. 993. In Jan., 1903, $569,574 was paid for back taxes. V. 77, p. 713.
Tear—
Cross.
Net.
Other inc. Interest, etc.
Sal., sur1903-04. ...$7,868,335 $1,772,717
*3,558 $1,197,659
9 578,616
1902-03.... 7,330,085
39.792
1,656,925
1,136,111
560,606
From surplus in 1903-04 as above, $33,000 was added to insurance
fund, the balance, $515,616, being all paid Sept. 1, 1904, to m.
Cent, as owner of entire $9,104,000 Louisv. New Orl. A Tex. 2d mort.
Income bonds on account of arrears of Interest ($5,093,916) on July
1, 1904; $277,712 paid from earnings of 1902-03.
Officers.— President, Stuyvesant Fish; 3d Vioe-Pres. and Sec, A. G.
Hackstatf; Treas., E. T.H.Gibson. 135 Broadway, N. Y.
Directors.— Waltber Luttgen, JohnW. Auchincloss, J. T. Harahan Charles M.
Beach, Cornelius Vanderbllt, Stuyvesant Fish, Edward H. Uarrlman, John
Jacob Astor, Charles A. Peabody, Jobn C. Welling. W. Morton Griunell, R. W
Goelet. and ex officio, Hon. Hichard Yates, Gov. of Illinois.
-(V. 79, p. 1331, 1641, 1701, 2455, 2588; V. 80, p. 222, 997.)
Illinois Iowa
Minnesota Ry.— ('See Map.)—Under construction from Momenoe, 111., to Rockford, 130 miles, of which Aurora
to Kirkland, 43 miles, is completed and in operation and Kirfcland to
Rickford, 20 miles, is to be oomple ed in Miy, 1905, and Jolietto
Momence, 35 miles, by August, 1905; an easterly extension from
Peotoneto Michigan City is proposed. To be an outer belt line connecting all roads entering Chicago. Incorporated in Illinois in Nov.,
1902. Stock authorized, $5,000,000; par of shares, $100.
Bonds are subject to call at 107 and interest on six months' notice.
Of the $5,000,000 bonds authorized, $4,000,000 is issuable at not exceeding $30,000 per mile of main track when completed in ten-mile
sections. The remaining $1 000,000 is issuable (a) on vote of not less
than two thirds of the stock for acquisitions of completed connecting
lines, the bonds to be a first lien thereon at not exceeding $30,000 per
mile or <b) at not exceeding $200 000 yearly for additional lands,
buildings, side tracks, second tracks, terminals, improvements and
rolling stock, but only when the portion of the road for which they are
acquired is In operation
V. 78, p. 2599; V. 79, p. 103. President,
H. W. Seaman, 'The Rookery," Chicago, 111.— (V. 79, p. 103.)
Illinois Mini
By.— Owns Chester 111., to Salem, 111., 90 m.,
and Sparta to Rosborough, 5 in.; Little Rook Landing to Bismarck, 43
miles, completed Aug., 1903; traokage, Centralia to Branch Jot., 3 m.;
total, 141 m. Successor June 1, 1900, of the Centralia A Chester
RR., foreclosed. V. 70, p. 1048; V. 71, p. 29. Stook authorized, *5,000,000, including $1,000,000 6 p. c cumulative preferred. Of the
bonds $1.000.<i00 was issuable at once, the remaining $1,000,000
being reserved for improvements and equipment during calendar
years 1904-8 at not exceeding $200,000 yearly. V. 79, p. 500. Equipment notes, incl. inr..June 30, 1904, $150 643.
For year ending June 30, 1904, gross, $307,130; net, $141,810; int.
and taxes, $137,502; bal., sur., $4,308. President, J. W. Walsh;
Grand Central Station, Chioago, 111.— (V. 78, p. 1223; V. 79, p. 500.)
Owns terminals at Alton. III., and road
Illinois Terminal
Alton to Hartford. 111., 6 miles; Hartford to Edwardsville Jot., 7 l m.,
leases from Wabash RR., Edwardsville Jet. to Edwardsville, 1*6 m>
Of the bonds. $150,000 are
Stock, $500,000; par of shares, $100.
reserved lor future purposes. V. 79, p. 2205. Year ending June 30,
lfiOi. gross. $120,379; net, $47,665; interest, rentals and depreciation,
$15,240; bal., sur., $32,425. Free., Wm. Eliot Smith.— (V. 79,p,2205.)
Interest
on
111.
H
&
hem
RR.—
-
Indiana Illinois
&:
Iowa RR,— Owns
from South Bend,
Ind.,
to Seatonville, 111., 192 miles, with branohes, 13miles; trackage, 9 miles;
leases for 50 years from Feb. 23, 1900, the St. Joseph South Bend A
Southern RR., South Bend, Ind., to St. Joseph, Mich., 36 m.; total, 250
Mich. So. owns $4,870,500 stook. V. 74, p. 41.
miles. Lake Shore
Dividends.— Oct., 1899, to Feb., 1904, inclusive, 4 p. c per annum;
the Aug., 1904, div. was passed; in 1905, Feb., 2 p. 0.
Bonds.— Of the $12,000,000 1st 4s of 1901, $7,500,000 were issuable
only for new property and improvements; of these. $350,000 were
issued in 1902. V. 71, p. 1269; V. 72, p. 87. 722; V. 74, p. 1251.
&
Earnings.— 1 month,
....Gross, $154,770; net, $51,568
J1905
Gross. 147.069;net, 31,918
Jan. 1 to Jan. 31.
S 1904
Surplus over oharges, $83,796, against sur., $10,232 in 1903.
Earnings.- Fiscal 3 ear now ends Dec. SI. Report for 6 mos.
ending Dec. 31, 1904, was in V. 80, p. 1 363, showing: Gross earnings,
$865,0*< net, $256,129; other income, $3,332; oharges and taxes,
$142,058: dividends (2 p. c), $100,000; bal., sur., $17,403. In 1903,
gross, $775,415; net, $153,180. Report for year end. June 30.1904,
in V. 79, p. 2640, showing. sross,$l,630,324; net, $316,430; chgs .$214,315; dividends 12%), $100,000; baL, sur., $2,115. (V. 80, p. 1363.)
Indianapolis Southern Ry.— See page 1683.
Indianapolis Union Ry.—Owns 3 miles of track, -93 of a mile
of road, with terminals at Indianapolis, Ind., and leases for 999 yeare
the Belt RB. of Indianapolis— 12ifl miles (which see)
;
—
r
RAILWAY STOCKS AND BONDS.
Ape., 1905.]
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ILLINOIS CENTRAL
SYSTEM.
RAILWAY STOCKS AND BONDS.
1576
Vol. lxxx.
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MAP OF THE
ILLINOIS,
IOWA & MINNESOTA I
/^^^roXmj/A^
RAILWAY. nJ&4<a^!
AND CONNECTIONS
\\U
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RAILWAY STOCKS AND BONDS.
Apr., 1905.
RAILROADS.
Miles
Date
Size, or
Amount
of
of
Par
For explanation of column headings, <teo., see notes
Road. Bonds Value. Outstanding
on first page of tables.
Indianap.Fouth.— 1st M., red. 110 test.g. U*m. c*<fcr
Un.— 1st M., g., s. f. notcallable.FPoQold notes, part due yearly, guar., text
93
Indianapolis
—
Indianapolis A Vincennes See Vandalia RR.
Interborough Rapid Transit— Stook, $35,000,000..
1,109
International A Great Northern— lBt mort., gold
o* 1,109
2d mortgage, gold.
8dM.($3,000,000)<fonn*lylno.),g.incl.scripKIe.o" 1,109
....
Colorado Bridge bonds, sinking fund
Interoeeanic Ry- of Mexico— Ord. shs., £1,700,000.
Preferred shares, 7 per cent, cum., £1,000,000
F
.
F
1903
1886
1904
FP
Co
£100
£100
£100
100
100
,.
Ml
21
37
8
37
45
2-96
296
15
164
1888
1901
1894
1901
1867
1889
1877
1882
1900
1904
1890
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Formed in 1850 and furnishes terminal facilities to the several
railroads entering Indianapolis. Capital— The Cleveland Cincinnati
Chicago & St. Louis, the Pittsburg Cincinnati Chicago & St. Louis and
the Terre Haute & Indianapolis are virtual proprietors, they having invested in it $861,817 to June 30, 1902. No stock outstanding.
The $500,000 4 p. o. notes of 1904, guaranteed prin. and int. by Pitts.
Cln. Chic. & St. L. and Cleve. Cln. Chic. & St. L., mature 8ept. 1 yearly
as follows, $85,000 from 1905 to 1908 and $80,000 in 1909 and 1910;
Commercial Trust Co. of Philadelphia, trustee. V. 80, p. 871.
Earnings 1902-03, gross, $762,603; net, $255,503; other Income,
$5,986; total deduotions,$181,559; bal., sur., $79,930.— (V. SO, p. 871.)
Indianapolis & Vincennes RR.— See Vandalia RR.
Interborough Rapid Transit Co.— (See Map.)— Incorporated
May 6, 1902. in New York. Operates the municipal tunnel railroad in New York City. This road when fully completed will extend
as a four-track line from the City Hall (with two-track loop
at that point) under new Elm St., Fourth and Park avenues, to
42d St., thence under 42d St. and Broadway to 103d St.; also as twotrack lines, partly viaduot, (a) from 103d St., on the West Side, to
Klngsbridge Station, (b) from 103d St. to the East Side and Bronx Park.
Extension south from City Hall under Broadway to the Battery and
under the East River via Fulton & Flatbush avenues to Atlantio
Avenue, Brooklyn, there connecting with the Long Island RR., is
under con-truotion, to be completed in 1906. Total to be about 65
miles of track on 25 miles of road. V. 77, p. 827; V. 80, p 222.
On Oct. 27, 1904, the west side main line from 145th Street to City
Hall, 9 miles, was opened, and on Mo v. 23 the east side line from
145th Street south. The elevated portion of the Subway from 149th
St. and 3d Ave to West Farms has been operated sinoe Nov. 26, 1904
(pending completion of the tunnel under the Harlem River), in connection with the Manhattan Ry. lines. V. 79, p 2456, 2558. The
west side extension to Klngsbridge and on the east side to Bronx
Park are expected to be operated by summer of 1905. V. 79, p. 1331,
1955, 2456; V. 80, p. 1234.
Leases Manhattan (Elevated) Ry. for 999 years from April 1. 1903.
See that co. Has agreement with N. Y. City Interborough St. Ry., controlled by allied interests, which proposes to build various surface
roads In Bronx Borough. V. 80, p. 117.
Contracts.—Contraot with city calls for the construction of the
road from City Hall north for $35,000,000 and its lease to the company for 50 years from completion, renewable for another 25
years, the rental to be equal to the interest on the city's bonds issued
for construction (but not for easements, etc) and a sinking fund of
1 p. o. yearly to retire the bonds, beginning 5 years after the road is
placed in operation, provided not less than 5 p. o. per annum is then
earned on the stook. The company must also at its own expense provide the electrical equipment, contracts for which will aggregate
$16,000,000. For contract see V. 69, p. 1063. The extension from City
Hall, Manhattan, to Brooklyn, Is to be built without aid from city except about $3,000,000, and leased for 35 years with privilege of renewal for 25 years. V. 75, p. 184, 1086, 1202. See V. 76, p. 101, 1234.
Possible exten's, see V. 77, p. 2338; V. 78, p. 342, 1550; V. 80, p. 1 7.
In April, 1905, $46,116,000 city bonds had been issued, of whioh
$44,616,000 are 3*3 per oents and $1,500,000 3 per cents.
8TOCK.-Stock, $35,000,000; par of shares, $100. V. 75, p. 1301. E.
Mora Davison, B. Hamburger and Charles B. Ludlow are the voting
trustees till May 12, 1907.
Dividend.— July 1, 1904, 2 p. o Jan. 2, 1905, 3 p. c; Apr., \\ p.c;
dividends to be paid quarterly.
Earnings.— Estimated yearly earnings from operations of tunnel
road from City Hall, Manhattan, to Kingsbridge and Bronx Park are
at outset gross, $7,500,000; net, $4,125,000; int. on N Y. City bonds,
$1,295,000; bal., sur $2,830,000, or over 8 p. o. on stock. Balance
sheet June 30, 1904, V. 79, p. 731. For the 3 months ending Dec. 31:
Quarter
Gross.
Net
Other
Charges
Balance, Op.ex
1
;
.
ending Dec. 3i
—
earnings,
earninos. income.
190S, Manhattan Ry.$3,M57,709 $8,261,314 $85.5->8
1901, Manhattan Ry.. S,660.->64
2.V31.931
81,501
1904, Sub'y(«6 days).
812.0J0
35Z3M 14.513
1804. total
$4,472,854
$?,584,767
$99,014
& rental.
175,166
surplus,
(750,336
247,3?B
192.1U4
$2,247,312
$739,569
$1,696,577
2,06*057
p. ct.
88-17
3903
5655
42"21
Directors.—Alfred Skitt, Morton F. Plant, August Belmont. Andrew
Freedman, James Jourdan, James H. Hyde, W. G. Oakman, John
6 C
Ue0- W> Young, Wm. A. Read, Cornelius Vanderbilt, New York
E d ^
Br y an N J., and Gardiner M. Lane, Boston.
t>
President, August Belmont; Vice President. E. P. Bryan; Secretary,
Fisher; Treasurer, D. W. MoWilliams. Offioes. 5 Park Row
Building Western Union Building and 23 Nassau St., New York.— (V.
-
-
S'^
80, p. 117, 222, 711. 1111, 1234, 1479.)
International
cific).— Long view
& Great
Northern
RR.
(See
Map Missouri
Pa-
on Tex.& Pao. (near Shreveport, La.,) southwesterly
Houston and Galveston, also to Laredo, Tex., on Mex. National RR.
and from Spring northerly to Ft. Worth.
Lines owned—
Miles.
Joint trackage—
Miles.
Longview, Tex., to Laredo,.... 494 Galveston Houston & Hen.
Palestine to Houston, Tex
150
Mointly with M. K. &T)
50
M n e o 1 a Columbia, etc.
Other lines
26
branches.,,
121 Houston Oak Lawn & Mag"."!261
Fort Worth to Spring.
nolia Park Ry
10
Navasota to Madison ville
47
Total system June, 1901... 1,159
1
,
5
$1,000 In I. O. treas,
$940,000
1,000
500,000
5,000
••
503
Cent.
g.
Payable
Whom.
&
&
J.
New York
July
1,
N.
Phila., Fidelity Trust.
May
1.
J.
M.
4g. M.
4iflg.
£10 £1,700,000
£10 £1,000,000
£50 &o.
£400,000
1, '97.
•
Bonds— ±TlnoiINTEREST OR DIVIDENDS.
pal.When Due
Rate per When Where Payable, and by Stocks— Last
&
Dividend.
1953
1926
Sept.,1905-'10
S.
Apr2,'05,l%%
100 35,000,000 See text. Q.-J.
1879 500 &o. 11,291,000
Sg. M. & N. N.Y., offloe, 195 B'way. Nov. 1, 1919
do
do
1881 500 &C 10,391,000
Sept. 1, 1909
5g. M. & 8.
See remarks.
1892 500 Ac.
Sept. 1, 1921
4g. M. & S.
2,966,052
M. & N. N.Y., offloe, 195 B'way. May 1, 1920
1880
198,000
7
1,000
.
Pr. lien deb., eubj. to call at par aft. Moh.
Four p. o. deb. stook, sub. call, par, £1,150,000.
Deb. stook, 7% "B," subj. to call. 120, non-oum..
Second deb. stock, red. at 105 after 1911, text.
Mex. E. deb. stk., £450,000, guar., red. 105 beg.'14
Iowa Cent.—Common stook, $11,000,000 auth
Preferred stock, $7,400,000, 5 p. c, non-cum
>
lBtM. for $7,650 ,000, g.(ab8tr.,V.49,p.582)Me.0
Befund'g M., $25,000,000. g. See text.Mo..o*&r
Jacksonville Ter.— 1st M., $500,000, g., go Mp..c
Jamestown Ghaut. A L. E.— 1st M., $750.000. .N.o."
Jefferson— 1st & 2dMs,ext. in '87&'89 (H'daleBr.)c
. o*
1st M. Carbondale to S. depot, g. , gu. p. <fe 1 .
JoUet A Northern Indiana—1st M. gu. p. & i. M.
Junction (Philadelphia)—1st m.,guar.p.&i.(ext'd).
General mortgage, gold, coupon, $750.000
Kanawha A Goal River—Joint M., $; 50,000, g., s. f.
a.anaw.A Mich.— 1st M.$15,000 p.m.g.gu. p.&i.Ce.c*
1577
5
8,521,983
5,674,226
7,649,544
4,611,000
500,000
600,000
300,000
2,800,000
800,000
425,000
300.000
750,000
2,469,000
A
M&B
J.
4
£699,886
£469.459 6for'03-4
4*9
£1,150,000
£400,000
5
Mch. 31, 1912
Sept. 15, 1950
Sept. 15, 1950
1950
Jan. 1, 1984
J.
London.
15
4V for 1903-4.
London.
J&D 15
liain'00 M. A S. N. Y. offloe, 25 Broad St, Mar. 1/00,1 1«
5g. J. & D. N. Y., Mercantile Tr. Co, June 1, 1938
Mch. 1, 1951
4g. M. & S.
5 g. J. & J. N.Y., Guaranty Tr. Co, July 1, 1939
4g. J. & J. N. Y„ Sec. & Trust Co, Jan. 1, 1951
July 1, 1927
4ifl & 6 J. & J. Phila., Fidelity Tr. Co.
N.Y., Erie RR.
Jan. 1, 1909
A. & O.
5*
N.
Y.,
J.10&J.
Farm. L. & Tr. Co, July 10, 1907
7
4ifl
July 1, 1907
J. & J. Phila., Broad St. Sta.
3ifl g.
A. & O.
do
do
Apr. 1, 1930
5g. M. & S. N. Y., Bankers' Tr. Co. Sept. 1, 1924
4g. A. & O. N. Y., Central Tr. Co. Apr. 1, 1990
Organization.— Reorganized without foreclosure in 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 Mo. Pao.
Bonds.—The second mortgage interest, scaled to 4*a per cent, until and
Including Sept. 1, 1897, is now 5 per cent; but in case of default the
rate reverts to 6 p. c. as formerly. V. 73, p. 445. In Dec, 1904, equipment lease warrants, includ. int., $170,498, payable monthly to 1908.
Equipment bonds, $629,000.
Earnings.— Calendar year 1901,
gross, $5,802,221. Jan. 1 to Apr. 14
1905; in 1904, 91,421,957. Report for the
year ending Dec. 31 was in V. 78, p. 1165.
Other inc.
Charges.
Balance.
Gross.
Net.
Tear.
1903
$7,957 $*1,443.057 sur. $2,581
$5,887,128 $1,437,681
*1,379,569
sur.
1902
1,383,988
10,092
14,511
5,248,913
* Charges in 1903 above include about $95,802 for new equipment;
in 1902, $101,471 -(V. 78, p. 48, 229,287, 989, 1109, 1165.)
Interoeeanic Ry. of Mexico, Lim.— Seepage 1683.
Iowa Central Ry.— (See Map)—Operates Peoria, 111., west to Oskaloosa, la., thence northerly to Albert Lea, Minn., forming a through
line via Minn. & St. Louis RR. from Peoria, 111., to St. Paul, Minn.
Miles.
Leases— (stock owned.)
Miles.
Owns—
Iowa Juno., 111., to Manly Jo.,
la. C. & W. Belmond to Algona. 37
Iowa
363 Track, Iowa Junct'n to Peoria. 3
Branches to Belmond, eto
127 Manly Jot., la., to Albert Lea,
gross, $1,551,680
in
,
Minn, (owned Jointly)
28
Total in earnings July 1,1904
558
History.—Reorganization (by plan in V. 44, p. 653) of the Central,
towa sold in foreclosure in 1887-88. In June, 1900, Minneapolis & St.
Louis interests obtained control through purchase of the common stook;
the two properties are operated In close connection. V. 70, p. 1249.
Capital Stock.—The preferred is entitled to 5 per oent (non-cumulative), then common to 5, then both share pro rata. (V. 62, p. 548.)
Dividends.—On pref. in 1892 1 p. c; 1899, 3; 1900 Ha; none sinoe.
Bonds.—The refunding 4s of 1901 are seoured by a mortgage on the
entire property now owned or hereafter aoquired, subject to the $7,650,000 first 5s, for whioh an equal amount is reserved. The balance
are issuable for future extensions at not exoeeding $25,000 per mile,
improvements and equipment. V. 73, p. 899. Loans and bills payable June 30, 1904, $1,650,000.
Earnings.— 8 months, ) 1904 5
Gross, $1,705,788; net, $252,071
July 1 to Feb. 28.
Gross, 1,613,409; net, 281,603
j 1903-4
Annual Report.—Report for 1903-04 was In V.79, p. 2201. Soft coal
tonnage in year 1903-04 was 769.632 (42 p. 0. of total tonnage).
Tear ending June 30.
1904.
1903.
1902.
1901.
Miles oper. June 30
558
558
558
506
tfross earnings
$2,377,105 $2,405,543 $2,543,350 $2,284,123
Net earnings (over taxes)
425,135
438,553
437,549
387,514
Tot.netrec'ts(incl.rents)
560,607
555.968
506,929
438,757
Interest, rentals, &o
641,739
554,324
504.014
431.709
Balance, surplus.... def.*81, 132
$1,644
$2,915
$7,049
Pres't (July, 1904), Edwin Hawley.— (V. 79, p. 2201 V. 30, p. 472.)
;
Jacksonville Terminal Ry.— Owns union passenger depot
opened Feb. 1, 1895,] and terminal properties at Jacksoninoluding 20 miles of track, used by Atlantio Coast Line
RR., Seaboard Air Line, Jacksonville St. Augustine & Indian River
(now Florida East Coast Ry.) and Southern Ry. which companies guarantee by endorsement the principal and interest of above bonds, and
own the entire stook. Georgia Southern & Florida Ry. also uses depot.
V. 71, p. 135. For year 1902-03, gross, $128,010; net, $9,331; other
[the latter
ville, Fla.,
lnoome,$25,000; deductions, $30,311.
(V. 71, p. 135.)
Jamestown Chautauqua & Lake Erie Ry.—Jamestown,
to Westfleld, 31 miles; branches, 6 miles; traokage, 1 mile; total, 38
miles. Incorporated in Sept., 1900, and purchased the stook and about
95 per cent of the $250,000 bonds (5s) of the Jamestown & Chautauqua Ry. and entire stook of Chautauqua Steamboat Co., operating
11 steamers on Chautauqua Lake. Stock, $600,000, all common. For
year ending June 30, 1904, railroad earnings were: gross. $87,090; net,
$9,749; other income, $85; oharges, $33,893; bah, def., $24,059. President, F. L.
Chase.— (V. 76,
p. 212.)
RR.—Owns
Lanesboro, Pa., to Carbondale, Pa., 37
miles double traok; 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 <fe Hudsou to reach Carbondale. Stook, $2,095,450; all owned by Erie RR.
Jefferson
&
RR.—
Jollet
Owns Jollet, 111., to Lake
Northern Indiana
Station, Ind., 45 miles. Road opened in 1854 and leased to the Michigan Central. Stock ($300,000), all owned by the Mioh. Cent, carries
dividends of 5 per cent per annum. (V. 76, p. 752).
Junction
(Philadelphia).—Owns Belmont, Pa., to Gray's
Ferry, Pa., about 3 miles.
Leasee! for 50 years from March 1,
1899, to Phila. Bait. & Wash.; lessee to pay fixed charges, keep road
in repair and pay bond interest and 6 per oent on stock; bonds are also
endorsed with guaranty of Pennsylvania, Phila. WUm. <fe Bait, and
Philadelphia
Reading roads, made prior to lease. Stook $250,000;
(par $50), now all held by Phila. Bait. & Wash, and the Pennsylvania,
V. 68, p. 428.-(V. 68, p. 428.)
RR.
&
1578
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
MAP OF THE
INTERBOROUGH
RAPID TRANSIT CO.
SUBWAY Shown
MANHATTAN ELEVATED.
,
B V<V
Battery
rim
SOUT
^
I
—
,
'
RAILWAY STOCKS AND BONDS.
Ape., 1905.J
I^XoGrantsburg
Rush
City
1579
Chicago Jc.
Shell
Lake
VBear Cr.
WeV"a Use?
Harris
\Taylors Falls^A
MAP OF THE
Lake fcamei-d
Turtle
y
<**
.
Jc.
BloomcA
IOWA CENTRAL
i?<
wis.
RAILWAY & CONNECTIONS.
jersey
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Hutchinson
1
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Fails
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Glencoe
M.
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15*0
RAILWAY STOCKS AND BONDS
[Vol. lxxx.
.
RAILWAY STOCKS AND BONDS.
Apr., 1905.]
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
of
For explanation of column headings, Ac, see notes Road.
Bonds Value. Outstanding
on first page of tables.
10
162
34
85
1886 $1,000
1885
1,000
1877
500
Ref. M., $60,000,000, g., gu.p.Ai.end.x.Me.o"Ar..
*787
1901 1,000 Ao
G. 1st M., I'd. gr.,8. f., dr'n at 110.0*
K. C. F. 8.
M.. 1st M., dr*wn at 105.0*
Ft. Soott So'eastern
c
...
Memphis K. A Col. 1st
160
100
50
26
719
82
3
Ktn.O. Bett-lst ($534,000 gu. K.C.F.8.AM.).NH.o*
Kan. City Olin. a Spring.-1st M., g., guar.NB..c
Pleasant Hill A De Soto 1st mortgage, gold.NB^
Ft. 8. A Mem. RR. 1st M., g., assumed. KB
K.
Kansas City Fort Scott & Memphis Ry.—
J.
Underlying Bonds
&
&
M
""-"*
Kansas & Missouri RR. 1st mortgage
NB.c
.
oon.M
K O. F. 8. & M. RR.
Current Rlv. RR. 1st M., $20,000 p. m., guar.N B
Kan. C.A M.R'y AB dgel8tM.g.,8.f.,dr natll0.o,
,
Ft. Soott Equip. Co., 1st M., call at par
Osark Equip. Co.lst M.,gu., $1,000,000, oall at par
c*
K. C. Mem. & Bir. jten.M.. $4,500,000, our. OB. o*
Ino., non-oum. Part stamped— see text. OB.
Blrm. Belt 1st M., g., red. 102*2, gu.p.&l.end.OB
o
Memphis Equipment Co., guar., red. at 110
Kan. City Mex. <k Orient—1st M., g., see text ......
Kan. City outer Belt & Elee.-lst M., $3,000,000, g.
Kansas City Southern—Stock, com., $30,000,000.
Pref. stock, 4 per cent, non-cum., $21,000,000.
c*<fcr
1st mortgage, gold. $30,000,000.Me
.
285
285
16
1,000
Bonds— Prtnol
LNTERE8T OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Cent.
Dividend.
$2,250,000
3,192,000
58,000
2,000,000
6
16,853,000
4g.
1879 100 Ao.
2,103,000
1880
1,000
a571,000
492,000
1884
1,000
390,000
1882
1,000
1888
1,000 yl3,736,000
1887
1,606,000
1,000
1889
1,000 b3,000,000
167,000
1899
1,000
630,000
1900
1,000
3,323,390
1894 500 &o.
1894 500 &0. X6.322.780
1902
1,000,000
1,000
1890
1,000
C 189.000
mmmm
1901
7
1903
1,000
1,000
....
1900 l.OOO&c
1581
5,242,000
1,500,000
30,000,000
21,000,000
30,000,000
2*
7 g.
6g.
7
7
7
5
6
5
5
g.
6
5
4
5
4g.
6
4g.
4g.
A
A
A. A
M. A
A. A
J. A
M. A
M. A
F. A
M. A
A. A
A. A
J. A
M. A
M. A
x
A. A
F. A
F. &
A. A
J.
J.
A.
O,
3g. A.
A
O
N
Boston, Of., 50 State St. July
Boston, Old Colony Tr. Oot.
do
St.
O
N.Y., Mercantile Tr. Co.
D
Boston, Old Colony Tr. June
do
do
do
do
do
do
S
S.
A.
N, N. Y.,
O
O
Merc Tr. A
*
O.
A. Boston, Old Col. Tr. Co
A. N. Y., Am. Ex. Nat. Bk
O. N.Y.,U.S.AM.T.20Broad
O. Treas.
oft.,
Kanawha A Michigan By.—
( See
Map
Corning, O., to Gauley on the Ches.
&
1,
by K.
C.
CI.
1,
1950
A Sp.
Charges.
Oth. tnc.
Bal., sur.
Net.
Cross.
Tear—
1900-01... $8,840,857 $3,427,913 $77,087 $2,054,983 $1,450,017
From surplus as above were paid In 1900-01 dlv. on Kan. C. Ft. 8.
A Mem. pref. (8 p. c), $219,984; dlv. on common (4 p. c), $395,920;
Int. on K. O. M. A B. incomes (5 p.c). $316,863; charged off, -63.032;
leaving final surplus of $454,218.-(V. 79, p. 269, 1642, 1704, 2796.)
Toledo <6 Ohio Central.)—
Ohio, 177 miles, less 18
Pomeroy to Gallipolis, and 1 mile, Athens to Armitage, where
Hook. Val. Ry. tracks are used. Also owns branch of 11 miles leased
to Toledo & Ohio Central and Col. Sandusky & Hocking Ry. companies.
History, Etc.—Reorganization In April, 1890, of the Kanawha A
Ohio Railway sold In foreclosure. (V. 50, p. 451, 483.) In Oct., 1890,
a large interest in the stock was acquired by the Toledo & Ohio Central,
which has guaranteed the bonds, principal and Interest. (See V. 52, p.
miles,
Kansas City Memphis &, Birmingham RR,-See Kansas
A Memphis Ry. above.— (V. 75, p. 1147.)
Kansas City Mexico A Orient RR.- (See Map.)— Projected
City Fort Soott
to extend from Kansas City, Mo., to Topolobampo Bay, Mexico, on the
Paciflo coast, 1,629 miles; also a cut-off from San Angelo to Spoflbrd
Junction, Tex., connecting there with Mexican lines for City of Mexico. In Ootober, 1904, one-half of the line was graded and several
sections were oompleted and in operation. This Includes 132 miles
165. 351.) Capital stock $10,000,000 ($1,000,000 In treasury July,
1904). The first mortgage bonds are limited only to $15,000 per mile
of road constructed. June 30, 1904, car trust 5 p. o. notes, $1,439,574
of which $1,316,250 payable 1912; bal. monthly; obligations on con
tract equip., $323,645; special equip and betterment loan, $1,095,000
Latest Earns.— 8 mos., ) 1904-5. .Gross, $1,177,052; net, $151,401
1.107,587; net. 130,122
$ 1903-4.. Gross.
July 1 to Feb. 28.
Def. under 8 mos. charges, $3,492 In 1904-5, agst. def. $29,439 In
1903
1986
1,
1908
1910
1910
Aug. 1, 1922
May 1, 1928
Oct. 1, 1927
Oct. 1, 1929
July 1, 1909
May-Nov.l '10
Moh. 1, 1934
Mch. 1, 1934
Oot. 1, 1922
Aug. 1, 1905
Feb. 1, 1951
Apr. 1, 1953
120 B'dway. Apr.
(a) $533,000. (b) $169,000, (c) $75,000 , held alive In sink lng funds.
y Includ es $2,00 0,000 assumed
All except $395,280 are fixed-Interest bonds; coupo ns MA 8. V. 7 4, p. 829.
Its bonds.
Also covers majority of stock of Kan. City M. & Birmu ., 285 miles, a nd provides for retire ment of
Owns
Bost.
do
do
do
do
do
do
8.
Oct
1,
1,
Sept. 1,
Sept. 1,
Boston, Old Colony Tr.
N.Y.,Mer. Tr. Co. A Bos.
J Boston, Old Col. Tr. Co
do
do
N
Indudes
x
1916
1925
Oct., 1907
May 1, 1928
do
Louis, Mo.
from Wichita, Kan., to a point below Falrview, Okla. Track-laying is
in progress from Sweetwater, Tex north toward the Red River, and
the grading is practically done been Sweetwater and Fairview. Considerable grade work has been done between Sweetwater and San
Angelo, Tex., and between Wichita and Emporia, Kan. Work will be
pushed north from Wichita toward Kansas City.
In Mexico a section of 65 miles from the Paciflo terminus eastward
has been finished and put In operation and the grading begun on the
next section. Atrackage agreement has beenmadewithtLeChihuahua
A Paciflo for use of its line of 125 miles from Chihuahua westward.
(See V. 71, p 181; V. 75, p. 1253). The work of building from both
ends of that line Is In progress, the grade having been carried from
Minaca westward through the mountains about 40 miles. From
Chihuahua eastward the road is completedjand operated to La Trances,
36 miles, and grade work is progressing toward the Rio Grande. On
Jan. 1, 1906, about 1,000 miles are expected to be in operation, Including the Paolflo Coast division and the line from Kansas City to
Sweetwater, Texas, about 638 miles. V. 80, p. 871. The company has Its own coastwise service from Topolobampo, and the
Hamburg- American SS. Co. has contracted to establish a trans-Paciflo
line as soon as the railroad Is completed. (V. 77, p. 401.) Liberal subsidies have been granted by the Federal and State governments in
Mexico. See prospectus, V. 75, p. 1253
The Kansas City Outer Belt A Electric RR. (see that company below) will, when completed, afford terminal facilities and an entrance
,
4.
4, In V.79, p. 1328, showing gross, $1,657,666; net, $306,419; other Inc., $7,982; int., taxes, etc.,
$256,023; balance, surp., $8,358.— (V. 77, p. 1290; V.79, p.. 1328.)
Kansas City Belt By.—From Argentine to Valley of Blue River, 10
outstanding
Stock authorized $2,500,000 (par, $100);
miles.
owned one-half by Atchison Topeka
$550,000 (par, $100)
A Santa Fe and three-tenths by Kansas City Fort Soott & Memphis and two-tenths by Chicago Milwaukee & St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
from 1888 to 0, M. & St. Paul and Atchison Top. A 8. Fe (jointly with
other oompanies) for payment In each oase of 3 p. o. 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. The Chicago Rook Island A Pacific Ry.
contracted to use the facilities, on completion of its road into
Kansas City In 1904. V. 78, p. 1446. For year ending June 30,
1904, gross, $405,870; net, $142,770; interest, taxes, etc., $173,713;
balance, def., $33,943— (V. 78, p. 14*6.)
Springfield By.—Owns from Olathe,
Kansas City Clinton
Kan., to Ash Grove, Mo., 154 miles; Raymore Jet. to Pleasant Hill.
Mo., 8 m.; Arcadia, Kan., to Springfield. Mo., 85 miles (acquired Sept.. into Kansas City. V. 76, p. 331; V. 80, p. 871.
1901, from Kansas City Fort Scott & Memphis RR.); total, 247 milesSecurities.—Stock authorized, $20,000 per mile each in common
Stock, $1,775,400. Bonds were guaranteed by the K. C. Ft. Scott &
4 per cent preferred stock; outstanding April
and
Mem. RR. (old oo.) Under purchase from K. C. Ft. 8. A M., $2,000,000 1905,non-cumulative
Stock is held in a
pref., $1,232,400; common, $2,999,S0O.
ending
six p. o. bonds of that companv, were assumed. For year
Mexican Trust Co.,
voting trust for 10 years or more. Bonds (U. 8.
inJune 30, 1904, gross, $399,512; net, $136,311; other income, $481;
trustee) are issuable at $22,500 per mile, single main track, $15,000
terest, $283,660; bal., def., $146,868.-(V. 73, p. 236, 723.)
per mile of yard and terminal track, and $12,000 per mile of double
Kansas City Fort Scott
Memphis By. (See Map of St- track, constructed or acquired; also, $2,500,000 for extra work In
Louis <6 San Francisco Railroad Company.)— Operates road ex- Sierra Madre Mountains, $5,000,000 for terminal facilities at Kansas
tending from Kansas City, Mo., to Memphis, Tenn., and branches, City or Topolobampo, or both, and $10,000,000 for future require871 miles, Including trackage 85 miles from Arcadia to Springfield, ments and additional rolling stock at not over $1,000,000 yearly, beMo., owned by K. O. Clinton A Springfield Ry.(whichsee above). Also Kinning Feb. 1,1903. V. 78, p. 102. Mexico A Orient Townsite Co.
has a controlling interest in stock of the K. C. Mem. A Blrm. RR., bonds, V. 78, p. 1109, 1113.
owning line from Memphis, Tenn., to Birmingham, Ala., with branch,
Officers.— President, A. B. Stllwell: Vice Pres., Enrique C. Creel; W. W.
285 m., and of Kansas City <fe Memphis Ry.& Bridge Co., owning bridge Sylvester; Geo. Crocfeer and J. 8. Braithwatte; Vlce-Pres. and Gen. Mpr.. Edward Dickinson: Secretary. Neal S. Doran; Treae., W. A. Rule. Among the diacross Mississippi River at Memphis, 3 miles. Total, 1,156 miles.
rectors are George J. Goald, J. T. Odell, Russell Harding, W. C.Procter and
Organization.—Incorporated on June 14, 1901, and is vested with Robert C. Clowry.
the property of the former Kansas City Ft. 8. A Mem. Railroad other —(V. 79, p. 151, 2456; V. 80, p. 871.)
than the 85 miles from Arcadia to Springfield, sold to the Kansas City
Entire stock, $4,016,000
Kansas City Northwestern
Clinton & Springfield; also controls other mileage. V. 72, p.1237. See (par $100), and $2,983,500 "B" bonds were purchased in Nov., 1900,
V. 72, p.438, 532, 675, 988. The St. Louis A San Francisoo RR. owns by Mo. Pao. Ry., which see; also Supp. of Jan., 1903.
the entire stook and leases the road, guaranteeing the bonds of 1901,
This
Electric
Kansas City Outer Belt (Steam)
principal and interest, and 4 p. o. on preferred stock trust certificates.
company Is constructing a belt line road at Kansas City, the main
Stock.— Common authorized, $45,000,000; outstanding, $15,000,- line, double track, being 7 miles In length, extending from No.
000, all owned by St. Louis A San Francisoo RR. The pref. stock, Kansas City to the Kaw Valley on the west, with bridge across the
($15,000,000 authorized, of which $13,510,000 Is outstanding, par Missouri River. To be completed about January, 1906. Will afford
$100) is depoelted in escrow, and against it are Issued trust certificates an entrance Into Kansas City for the Kansas City Mexico A Orient Ry.,
of the St. L. A San F. RR., the latter having the option to retire the cerand connect with the various steam roads entering that oity. Artificates at any time at par, and obligating Itself to pay oft the whole
rangements are also proposed with certain projected suburban electric
issue in 20 years from date (Oot.. 1901), meanwhile obligating Itself
roads.
Incorporated in 1902 by interest* friendly to Kansas City
to pay quarterly dlvs. of 1 p. c. thereon. See V. 72, p. 1238.
Mexico A Orient Ry. V.75,p.l84; V. 76, p. 331; V. 80, p. 871.
Bonds.—The refunding bonds oi 1901 (limited to $60,000,000) are
Securities.— Stook authorized, $2,250,000 eaoh of common and 4
to be seoured by all property now owned, or hereafter acquired with
cent preferred. The stock will be held in a voting trust of ten
per
the proceeds of the refunding Issue. Of the bonds, $11,650,000 were
members
until the full dividend shall have been paid on the preferred
subscribed for In June, 1901, about $31,025,770 were reserved for
for five consecutive years. See V. 76, p. 331. Of the $3,000,000 authorexchange against the face amount of underlying bonds, $3,000,000 ized 1st gold 4s (see table above) $1,500,000 have been sold; the entire
for refunding purposes, $5,000,000 for Improvements, betterments
construction and equipment was estimated at not over $2,000,and new equipment at the cumulative rate of $600,000 per annum, cost of bonds,
leaving balance for extensions and improvements.— (V.
and the residue, as well as any bonds not used or required for refund- 000 In
ing purposes, will be reserved for issue for additional lines and exten- 75, p. 184; V. 76, p. 331; V. 80, p. 871.)
Kansas City Southern Ry.— (See Jir«p.)-Operates a line exsions, at not exoeedlng $22,500 per m. thereof. As to guaranty on bonds
tending from Kansas City, Mo., to Port Arthur, Tex., (thence by its
9 ^' see " organization" above. V. 75, p. 853. See V. 79, p. 2756.
t ,
In 1902 the K. O. Ft. Scott & Mem. Ry. guaranteed the Interest on all ship canal 7 miles to deep water on the Gulf of Mexico), with branches
except $399,780 of the $6,322,780 Kansas City Mem. A Birm. income and extensive terminals used by various roads entering Kansas Oity.
Lines owned—
Lines owned—
Miles.
bonds, beginning Mar. 1, the bonds so guaranteed being stamped with
vr****'
a provision making them subject to call at any time within 10 years Kansas City, Mo., to Belt Jot.. 12 Branohes to Fort Smith, De
Qiincy, La., eto.. ............ 61
from Sept. 1, 1902, at 95 and interest. V 74, p. 477, 577. Equipment Grand View, Mo., to Port Ar11
Trackage—To Gr'd View,
765
thur, Tex
notes, $65,510 fives, due quarterly, July 1, 1904, to Oot. 1, 1908.
83&
Birmingham Belt bonds are guaranteed, pnn. and int.. Jointly by
Total
Kansas City Memphis & Blrm. and St. L. A San Fran. V. 75 p. 1147.
Organization.—A reorganization of Kansas City Pitts. 4 Gulf RR.,
Report.—The earnings, including 247 miles of K. O. Clin. A Spring- foreclosed in 1900 per plan V. 69, p. 1012, 1062. V. 73. p. 1356; V.
field Ry., were (later earnings arelnoluded withthoseof St.
8. F.)
74, p. 94. As to oontrol, see V. 80, p. 997.
Annual Statement.— Report for year 1903
;
&
&
&
„
BR.—
A
RR.—
I
I
I
LA
:
Mc
KAILWAY STOCKS AND BONDS.
1582
[Vol. lxxx.
^smm
MAP OF THE
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Kosciusko
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./Vivian!
ivian^
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ham
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iueen
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-
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y
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—
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fr/T/E/tf/NJU? SEE
/
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Akron
..
Ape.. 1905.
RAILWAY STOCKS AND BONDS.
J
RATLROAD8.
Tor explanation of column headings, Ac, see notes
on first page of
tables.
Miles
Date
Size, or
of
of
Par
Keokuk dt Hamilton Bridge— 1st mortgage
Kewaunee Green Bay dt Western— lstmortgage.F.c
113
Kingston dt Pembroke— 1st M., gold
Knoxvxlie dt Ohio— 8ee Southern Ry.
Lake Erie <t Detroit River— See Pere Marquette RR.
Lake Erie & Western—Com. stock, $20,000 p. m. 725
725
Pref stock, 6 per cent (not cum.) ($20,000 p.m.).
Ce.o* 725
1st mortgage, ($10,000 per mile) gold
2d mort., for $3,625,000 ($5,000 p. m.) gold.Ce.c 725
Lake Shore & Michigan Southern— Stock
A Qui NCY.
1897
Guar. 10 per cent stock (Mich. So. & No. Ind.) .
o'<fcr 1,000
1st mortgage. $50,000,000. gold. Us
o*&r
Debentures, $50,000,000, gold.G
"55
uetroit Monroe A Toledo 1st mortgage, guar...c
37
Kalamazo & White Pigeon 1st mort.. guar.Un..c
41
Bat. Cr. A Stur. 1st M., g.,guar. p.<k i.(see M.Cen.)
1. guar.
36
Sturgls Goshen A St. L. 1st mort., g., p.
58
Kal. Allegan & Gr. Rapids stock, rental guar
c
58
1st mortgage, guaranteed.
26
Erie <fe Kalamazoo (l'sed) st'k, Toledo to Palmyra
47
Cake Shore System Mahoning Coal BR. Stook. . .
<fc
in
—
Pref. stook, see text
1st M.. Youngs, to And., etc., guar. p.Ai. (end).TJno
L.&up.iC Ishpem. Ry.—lat M.,$ 1.200,000, g.,s.f.F.c
47
47
20
L.Tnhoe Ry
16
Tr.Co.— lstM.,g.,$500,0008.f.,beg.'05
$45.^89.200 of this
dt
$500
4
$150,000
F.
Y.
1881 250 Ac
1900
1,000
100
1878 100 <fec,
1869
1,000
1891
1,000
1882
1,000
1,000,000
5 g.
4 g
1,069,000
1.524,600 See text.
5
2,750,000
8
1,000,000
408,000
5
3 g.
572,000
100
100
.
—
INTEREST OK DIVIDENDS.
Rate per When Where Payable, and
Outstanding
Cent.
Payable
Whom.
Amount
Road. Bonds Value.
Kansas City St. Joseph <£ Council Bluffn—See Chic. Burl
Kan. City Shrevep. dt Gulf Term' I— 1st M., red. 105
Kan. City Suburban Belt— See Kansas City South ern R
Ken. dt J.Br. <£ RR. -K. A I. B. 1st M., g., assumed.
S.o*
lstoonsol. mortgage, $2,500,000, gold
162
Keokuk dt Des Moines—Preferred stock, 8 per cent
162
o*
1st mortgage, interest guar. C. R. I. &P
1887
1891
J
1,000
1,000
100
100
1897 l.OOOAc
1903 l.OOO&c
1876
1,000
1890
1,000
1889
1,000
1889
100
1888
1,000
50
50
50
1884
1,000
1896
1,000
1901
1,000
M.
583
Bonds— Prinoi
pal, When
Due.
Stocks— Last
Dividend.
by
A
&
A.
120 Broadway, N. Y.
S.
Louisville.
A
A
&
&
O.
do
O. 55 Win. St.
Aug.
1,
1927
March, 1911
A. & O. N. Y.,StandardTrust Co. Apr. 1, 1950
See text NY., Office, 71 Bdway, May 2, '04, lV*
A.
A.
J.
.T.
11,840,000
11,840,000 See text. J.
5 g. J.
7,250,000
5 g. J.
3,625,000
z 49,466,500 8 in 1904 J.
10
F.
533,500
3ifl g. J.
50,000,000
40,000,000
4 g- M.
F.
7
924,000
J.
5
400,000
3 g. J.
79,000
322,000
3 g. J.
595 A.
610,000
J.
840,000
5
10
F.
300.000
'04
F.
1,500,000 10 In
J.
5
661,850
J.
1.500.000
5
265,000
6 g. J.
300,000
5 g. A.
Oct.
earned,
D. N.Y., Office 40 Wall St,
N. Y., 45 Broadway.
J.
& J.
& J.
& J.
& J.
& A.
A D.
A S
& A.
& J.
A D.
& D.
& O.
A J.
& A.
& A.
& J.
A J.
& J.
&
do
As
1,
1928
April 1,1899
1, 1921
Jan. 1, 1912
June
N. Y. Office, Gr. Cen. 8ta. Jan. 16/05,2%
N. Y., Chase Nat. Bank. Jan. 1, 1937
do
do
July 1, 1941
N.Y., Grand Cent. Stat'n Jan. 28. '05. 4
do
do
Feb.,
June
1905,5%
1997
1928
1906
Jan. 1. 1940
Deo. 1, 1989
Dec. 1. 1989
5 Apr., 1905
July I. 1938
at Grand
Cent. Sta'n, N. Y.
Coupons
1,
Sept. 1,
Aug. 1
Registered Int'stonj
3»28byU S.Trust/
N. V., and on deben, by Gu. Tr. Co.
J
N.Y., Lincoln Nat. Banh Feb., 1905. 5%
N. Y^, er'd Cent. Stat'n. Feb. 1/05, 7%
N. Y., Union Trust Co. Jan.,'05,2i«%
do
do
July
N.Y.. Farm. L. A Tr.Co. Jan.
O. San Fran. Merc. Tr. Co. Oct.
1,
1,
1.
1934
1926
1931
z N. Y. Central holds
A cotmmttee (Hermann Sleloken, 77 Broad St., N. Y., chairman.)
claiming to own and represent a majority of the stook, requests
proxies for the annual meeting on May 17. 19u5, to elect "a new and
Independent management." V. 80, p. 1234, 1424.
Seoi RITIE8. - Of the amounts shown as outstanding in the table
above there were in the treasury on June 30, 1904, $1,489,725 common
stock and $622,6 5 preferred stock.
Voting Trust.—The voting trust expired Aoril l, 1905.
Latest Earnings.— 8 ) 1904-5. Gross, $4,354,204; net, $1,257,346
mos.. July 1 to Feb. '». \ 1903 4 Gross, 4.b94.465; net. 1.241,385
For 6 months ending Deo. 31, 1904, net. $1,093,468; other income,
$48,^97; oharges, $553,901; bal., sur., $588,564.
Statement covering operations from April l, 1900 (termination of
receivership) to Dec. 31, 1^01, w.ts given at length in V. 80, p. 1370.
Report for year ending June 30. 1904, at length, In V 79, p. 2201
2211; see also editorial, p. 2252.
1903-04.
1901-02.
190203.
Gross earnings
$6,450,320 $6,010,458 $5,450,871
Operating expenses
4,519,179
3 616,126
4,358,809
Net earnings
Total net income
Taxes
Interest on bonds
$1,901,141 $1,651,649 $1,834,745
$1,976,794
1,731,452 $1,950,120
150,254
151.416
128,850
899,989
899,985
821,263
73,528
27,681
83,673
Miscellaneous...
Balance, surplus
$853,023
$352,370
$916,334
Directors.— President, Stuart R. Knott. Vice-President, Hermann
J. W. Gates, of Chicago; Edward H. Harriraan, Otto H. s.al'.n,
Geo. J. Gould. Edwin Gould. D. G. Boissevatn, H. P. Wertheim of
New York; John J. Mitchell, of Chicago; Julius S. Walsh, H C. Pierce.
Of St. Louis— (V 80,p. 163, 651. 997, 1174, 1234, 1358, 1370,1424.)
Kansas City Pittsburg
Gulf
See K. C. Southern Ry.
Slelcken;
&
KB,-
Kentucky A Indiana Bridge & Railroad Co.— Owns steel
cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and New Albany, Ind., and 5 miles of
belt line in Louisville
also owns Louis. & New Albany Ferry Co.
Bncoessor Jan. 31, 1900, to Kentuoky & Indiana Bridge Co., sold
In foreclosure subject to the $1,000,000 first mortgage. The Southern
Ry., Bait. A Ohio Southwestern (B. A O.) and Chicago Indianapolis
A Louisville own the $75,000 capital stock, and pay monthly, in pro;
portion to cars handled, any deficit in operations. Of the $2,500,000
iirst consol. 4s, $1,000,000 were reserved to retire the old 5s at maturity and $500,000 for improvements and betterments. V. 71, p. 492.
Earnings.—For year ending June 30, 1904, gross. $242,748; def..
cinder int. charges, etc, $194,657. President. W.|H. McDoel; Sec. and
Treas.. H. W. Heazlitt; Gen. Mgr., W. M. Mitchell.— (V. 71, p. 287, 342.)
Des Moines
Owns from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from October 1, 1878, to
the Chicago Rock Island
Pacific Railway, the lessee to pay 25 per
cent of the 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 bv the lessee.
DrviD'DS.— ) 1893. 1894. 1895. '96 to '98. '99. '00. '01. '02. '03. '04.
Onpf. p. o. 5 2-4 95cts. 90 cts. None.
**
2May.l»a
hi
Rental: In 1903-04, $137,500; in 1902-03, $156,574.— (V. 68, p. 772.)
Keokuk A
Ry.—
&
11
Keokuk
Hamilton Bridge Co.— Owns
A-
Bissippi Riyer at
Keokuk,
bridge across Mis)
for railroads and foot passengers.
originally leased to four companies, but only two
la.,
The
property was
companies now use it, these being the Toledo Peoria A Western and the
Wabash Retarding guaranty see V. 59, p. 969. On Judgment of
1889 $203,000 has been collected; on judgment of 1894. $142,000;
In Apr., 1901, $142,000 was awarded. V. 72, p. 821. Stock, $1,000,000; par, $100. Coupons are in default, but mortgage has never been
foreclosed, and part of overdue interest is paid as earnings permit.
Last coupon paid was Hist half of No. 43 (due Oct., 1890), In Jan., '05.
Earnings.— Year ending June 30, 1904, gross, $49,475; net. $32,866; other income. $13,915; int. on bonds, $40,000; taxes, $4,533;
bal sur.. $2,248. In 1902-3, gross. $39,968; net. $21,917. President,
Carne gle Treas., Theodore Oilman, 55 William St., N.Y.— (V.72,
oo?T
;
821.)
3?.
Kingston
A
Pembroke Ry.—Owns from Kingston, Ont., Can., to
won tneCan Pao., 104 miles; branches.
9 miles Reorganized
*v£S
In 1899 per plan V. 67, p. 274. Stock,
$1,000,000 first pref. 5 p. c.
1
1 50
second
pref.
"
-°?°
3
c.
and
p.
$2,?>00,000 common.
The
^i" n Pa
S
wlU leaae the road and owned on June 30, 1904, $1, 130,Von
1
,°A.
d$1
P
' 777 650com ' sto
V. 77, p. 636, 1221. Firstdiv.on
pald A P ril 2 » ' 01 DOne sln ce to May, '03. Year endV
ir?Z t\I„ h,} ,^-'
8 $
9
net $26,621: 1Ut * 17>160: balan06 '
'
s A%\\'46i:-??v! 73 .p il60.
-
«
?w
u?
m
w^
*
'
;
:
Knoxvllle A Bristol
X
V,
79 p
e
U66
&0,
'
i0
)
RR.— See Southern Ry—V. 77, p. 298,1225.
UR —Merged In
Southern Ry. Deo. 31, 1903,
Kona A Kan Ry., Hawaii.—V. 75, p. 289;
*
Lake
V. 76 p. 542.
to
to
8h
HR Ak^rA^3!^
el
A uffi
A,
^
h
1
*?!$ ownedr'725 miles; leases Northern Ohio
° 8, l62 mUe8: total operated. 887 miles.
h.'sto^ £J?
ETC-Formed .in 1887 after foreclosure
of the Lake Erie
Western Railway. (See V. 50, p. 590.)
1899, control passed to the
11
t
m
Vanderbllts, and on Jan. 1 1903, the Lake Shore A Miohigan Southern
owned $5,940,000 common and $5,930,000 pref. stock. V. 71, p. 1269.
Dividends < '91 '92 '93 to '98 '99 1900 '01 to '03. '04. 1905.
,
on pref.— ( 4 4%
5 yearly
2
4 yearly 3 Jan., 2
In 1904, Jan., 2 p. c; July, 1 p c. V. 78, p. 2442.
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.—Annual report for 1904 was in V. 80, p. 1232
Tear end. Dec. 31.
1904.
1903
1902.
Gross earnings
$4.9*8,0
$5,218,728 $4,699,340
Net (inol. other Income)
1,323,179
1,370,935
1,357,435
Deduct -taxes
213,913
20S,018
204,522
Interest on bonds
543,750
543,750
543,750
No. Ohio int. guar...
125,000
125.000
125,000
(3)355.2O0 (4)473,600 (4)473,600
Dividends on pref. stock
Rentals
-29.368
26.589
t
Additions and betterments
44,658
78,569
t
Balance, surplus
$11,289
$15,409
$10,565
tin 1902 these items were distributed under items in operating expenses.
-(V. 79, p. 2744,2747; V. 80, p. 1232.)
Iiake Shore A Michigan Southern JKallway. —(See Mav
N. r. Central.)— Operates from Buffalo to Chicago with branches. The
main line (540 miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie A Kalamazoo.
Road owned directly.
Miles.
Leased, [H*ee this Co.]
Miles.
Buffalo, N. Y., to Chicago, 111.. 540 Kalamazoo A. A G. R
58
Sundry branches
33t» Jamestown & Franklin ......
51
Entire stock owned.
Mahoning Coal RR
72
Detroit & Chicago
26 Erie A Kalamazoo (26 m.)
Text.
Detroit Monroe A Toledo
55 Detroit Hillsdale A S. W...H
65
Kalamazoo & White Pigeon... 37 Fort Wayne A Jackson
98
fl
Northern Central Michigan
61
Sturgis G. A St. L
36
Central Trunk
Elkhart & Western
5
11
Total of above.
1,110
Grand
tot. oper.
Jan.
1, '04.
1.454
Of the main line 554 miles has double track. By control of " Niokel
Plate" the Lake Shore has still another line from Buffalo to Chicago.
Operates Dunkirk A Uegheny Valley A Pittsburg, Dunkirk, N. Y to
Titusville, Pa., 91 miles, since Oct 1, 1901, for account of New York
Central —(V. 73. p 663 ) With the Michigan Central operates the Detroit Toledo A Milwaukee RR., Allegan to Dundee, Mloh., 133 miles.
,
V. 74, p. 379; V. 76, p. 1026.
Organization, Ac. A consolidation on August 16 1869.
In
February, 1898, a majority of the oapital stock was purchased by the
tf. Y. C. A H. RR., which gave in exchange its 3*q p. c. bonds at the
rate of $200 in bonds for $100 in stock
V. 66, p. 288. In 1903,
$45,289,200 stock had been exchanged. V. 69, p. 1237.
N. Y. uMoaso
St. Louis road has been controlled by ownership of
stook since 1882, Lake Shore now owning $6,240,000 of its common.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stook.
The company also controls and leases the Mahoning Coal RR. [see Lake
Shore "8ystem" below] and owns (besides entire stook of proprietary
lines) $5,000,100 Pitts. A Lake Erie stock; $11,224,000 of thu $27,997,700 Cleveland Cin Chic. & St. Louis common stook also $5,940,000 of the $11,840,000 common and $5,930,000 of the $11,840,000
Lake Erie A Western preferred V. 71, p. 1269; V. 72, p. 870.
In 1902 purchased $4,870,500 of the $5,000,000 stock of the
Indiana Illinois A Iowa RR., operating line from Seatonvllle, 111., to
St Joseph, Mich., 2*2 miles. V. 73, p. 1356; V. 74, p. 41. In 1901
purchased from surplus earnings $3,200,000 Lehigh Valley RR. stock
lor $1,920,000: total Lehigh stook owned, $5,70u,00O. V. 74. p. 879.
In Jan., 1903, took over about one-half of the $68,565,000 Reading
Co. stook acquired by the Pennsylvania-Vanderbllt interests, viz.,
*6,065.000 first preferred, $14,265,000 second preferred and $13,952,000 common stock, the other half being held by the Baltimore A
Ohio. As to purchase of one sixth Interest In majority Hockiug Valley Ry. oommon stock, see that company. V. 76, p. 102, 158; V. 77, p.
451.
In Jan., 1903. the entire stock of the Lake Erie Alltance A Wheeling RR., Phalanx, O., to Dillon vllle, 88 miles, was purchased, togetner
with all the stook of the L. E. A. A W. Coal Co. aad 51 p. 0. of that of
the Jefferson Coal Co also other properties and lands. V. 76, p. 265.
Li*t of stocks of other companies acquired during 1900 to 1903, both
Inclusive, see V. 78, p. 48, 1904.
oividends.— ) '90 '91 '92 '93-97 '98 '99 '00 *01 '02 '03 '04. 1905.
Since '89. P.ot. S 5 6*3 6»« 6 y'rly 6^ 7
7
7
8 Jan., 4
7 7
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*a
percent gold bonds, tax free, used to retire the several issues of
A
;
;
7s maturing from 1898 to 1903 (see abstract in V. 64. p. 1182)
amounting to $43,192,000, and the balance, $6,808,000 In refunding said bonds and for general purposes of the company. The
mortgage covers 82954 miles of main line and branches—a considerable portion being double tracked -and 18111 miles of leased lines.
V. 66, p. 1140: V.68.P.1182; V. 73, p. 1264; V.75,p.290; V.77,p. V035.
Of the $50,000,000 authorized debenture 4s of 1903, $10,000,000
were sold to payoff the $25,000,000 loan made for the purchase of
H5S1
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by
of
of
Par
For explanation of column headings.&c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Cent.
Payable
Whom.
<£ Pae.—lbt M„ $803,000, g. IB. c*
Leavenworth Terminal Ry. dt Bridge— 1st M., g.Ce.
Lehigh <£ Hud. River— 1st M.,g.,int.red'o'd to 5p.o.Ce
2d mortgage, gold
Warwick Valley 1st mort., extended in 1900
2d mortgage
L.& Hud. R.Gen.M. $3,000,000, g. (see text) Ce.c*
Lehigh <& New Engl'd— lstM.,$l,O00,000,gold.FP
Laramie H.O.
North'ton, 1st M.,g., $300,000, gu.,red. 105-FPc*
Lehigh
Delaware 1st mort., not ass'd, red 105
Consol. mort., $3,000,000, g., call 105
Lehigh Valley—Common stock.
Pref. stock, 10 per cent (V. 79, p. 151, 269). GP.
1st mortgage, o. and r., ext. In gold In 1898..
&
GP
3
42
63
15
22
63
All
101
101
Consol. mort., ) coup. & reg., $4,762,000 4^8. c&r
461
J
$40,000,000, 5 annuity, $2,538,000 are 4^8.
Gen. consol. mort.,$150,000,000,gold GP..c*<fcr.
Coal purchase bond, 3 series, $245,000 due y'rly
Nat. Storage Co. trust cert.(V.78,p.l446)....Ce.r
Lehigh & N. Y.. let M., g., guar. p. 1. Mp...o*<fer 117
Leh. Val. of N. Y., 1st M., g., gu.p.A i. (end.)GPo*&r 283
31
Leh. Val. Ter.,lst M.,gold,gu. p.<fcl.,end.Ce.c*&r
60
Easton & Amboy.lst M.Easton to P.Amboy, gu...
12
Easton & No., 1st M., gold, guar, by L. Val.G Pc*<fcr
22
Middlesex Valley, 1st mort., $600,000, gold. Ce.c'
>*•
Penn. &N. Y. Can. &RR.— lstm., endors...c*&r
Consols (see text) guaranteed p. &i. (end. ).GPr ....
Elmira Cortl'd & No. 1st pref. mort., gold..Ce.o* 119
119
1st M., gold, guar. p. &f. (end.). Ce
r
FP
<fc
Can.No.lBtM.,g.,gu.p.<fci.byE.C&N.(V.76.p.l406)
Morris Canal stock, 4% guaranteed 999 years....
Preferred stock, 10 p. c. guar. 999 years
-
'
7^
-
Reading stook, which matured in Jan., 1904, and floating debt incurred for other acquisitions. They are to be secured by any new
mortgage. V. 77, p. 1747, 2035; V. 78, p. 48.
Guaranties.—As to guaranties additional to those shown in table
above see Detroit Hillsdale & S. W. and Fort Wayne & Jackson.
General Finances.—Nothing has been charged to construction or
equipment aooount since 1883, the outlays charged to operating expenses for new equipment amounting in 1903 toi$l,788,140 and in 1902
to $1,423,673, and for construction to $4,527,136 in 1903, against
$2,768,788, these items being exclusive of expenditures tor renewals.
Profit and loss surplus Jan. 1, 1904, $17,262,033. Low grades permit
average for 1903, 614 tons, against 576 in 1902.
large train loads
In Jan., 1904, dividend rate was inoreased to 8 p. c. V. 77, p. 2390.
Annual Report for 1903 was in V. 78. p. 1904; see edit, page 1935.
Preliminary statement for 1904 (partly est.) was in V. 79 p. 2744.
1902.
1904.
1903.
Tear end. Dec. 31—
$34,768,0ai
$34,967,362
$30,449,292
Total gross earnings
21,989.064
27,711,157
27,667,128
Oper. exp. & taxes
Net earnings
$7,300,231
$7,056,924
$8,460,228
$9,393,794
$10,128,793
$9,600,234
Net, incl. oth. income
1
1,104,191
1,042,667
Rentals paid
3.765,223
> 5,040,000
2,297,252
Interest on debt,
53,350
53,350
Dlvid's on guar, stock
)
Dividends
(8)3,957.320 (7^)3,709.987
(7)3,462,655
$761,042
Burplus over divs.
$602,914
$3,272,869
-(V. 78, p. 1446, 1904, 2442; V.79, p. 151, 2744, 2747.)
:
1
1
Lake Shore System.— Mahoning Coal RR.—Owns
from
to Andover, O., and branches, 47 miles. Branoh (practically second traok) from Doughton to Plymouth, on the Lake Shore,
43 miles, of which 18 m. built by Lake Shore, was completed in 1903.
of gross earnings to Lake Shore, which
Leased in perpetuity for 40 p.
Jan. 1, 1904, owned $865,900 common and $399,500 preferred stook.
Dividends.— > 1889. '90. '91. '92. '93. '94. '95 ;to Feb., 190^.
8I3
412
8
8 10 (Feb.7%,Aug.3%)
On common. 5 4*2% 5
Youngstown
The preferred stook certificates are 5 p. 0. guaranteed and contain
a clause making them redeemable at par at option of company.
For year ending Deo. 31, 1 902, rental, $668,207; surplus over int.
and 10 p. 0. on com. and 6 p. 0. on pre!., $408,354.— (V. 66, p. 897.)
Lake Superior
Ishpemlng Ry.—Marquette
Ishpeming>
Mich., 20 miles; leases, 1 mile; total, 21 miles. The Munising Ry.
Munising,
miles,
38
and the Marquette & Southeastern'
Little Lake to
Ry., Seandla to Marquette, 17 miles, are operated as one system, all
controlled
by
the
Cleveland
Cliffs Iron Co. Stook, $1,000,000;
being
par of shares, $100. Bonds are subject to call for the sinking fund by lot
at 105 and interest. Year ending Deo. 31, 1902, gross, $186,584; net,
6c
to
$43,940; other Income, $18,726; taxes. $19,270. President, Wm. G.
Mather, Cleveland, O.— (V. 76, p. 1248; V. 78, p. 229; V. 79, p 2588.)
Lake Tahoe Ry.
6c Transportation <«».— Truikee to Tahoe,
15 miles, narrow gauge, operated during tourist season from May
in
connection
with steamers and hotels, also owned. Stook
15 to Oot. 15
$500,000, all outstanding. Mortgage covers also steamers, wharf and
property
costing
sinking fund becomes operative In
$250,000;
hotel
1905; Mercantile Trust Co., San Francisco, trustee. V. 74, p. 479. Year
ending June 30, 1903, gross, $31,668; net, $13,202; other incou e,
$12,597; total deductions. $16 485; bal., sur., $9,314. President, D. L.
Oal.,
San Francisco, CaL— (V.
Bliss,
74, p. 478.)
Laramie Hahn'n Peak 6c Pacific Ry.— In Oct., 1903, grading
completed from Laramie, Wyoming, via Centennial, 30 miles, to be
operated in summer of 1905; contract also let from Centennial to
Grand Encampment, being balance of 100 miles. Stook authorized, $9,000,000, all com., to be Issued at rate of $90,000 per mile; par of shares.
$10. (See V. 77. p. 824). In Nov., 1901, $240,000 bonds was offered.
V. 79, p. 968, 2205. President, Fred. A. Miller, Laramie, Wyo.— (V. 77,
p. 824; V. 79, p.
968, 1642, 2205.)
Leavenworth Terminal Railway
6c Bridge.— Owns highrailroad bridge (opened Jan. 1, 1894), 1,110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
in that city. The mortgage oontains a sinking fund provision. Kansas City St. Joseph & C. B. (Chicago B.
Q.) and Chicago R. I. & P.
nse the bridge at an annual rental of $16,000 eaoh, under a 30-year
contract from 1894, and Chicago Gt. Western from Sept. 1, 1895, for 30
years; rental $14,250. For year 1903-04, gross, $50,826; net, $31,782;
int. on bds., $30,000; bal., sur., $1,782. 8took,$600,000.— (V.69,p. 494.)
way and
&
Lehigh
Hudson River Ry.—Owns
from Greyconrt, on Erie
on the Pennsylvania RR., 63 miles, Proprietary
lines Orange County RR. (entire stook owned—no bonds Issued), Hudson Junction to Maybrook, N.Y.,on Cent.N.E.Ry. (Poughkeepsie Bridge),
6c
RR., to Belvidere, N.
J.,
:
lnoluding trackage, a total of 13 miles; S. E. & P. RR.. Philllpsburg
to Easton, lmile; trackage, Penn RR., Belvidere to Philllpsburg, 13
miles total oper., 90 miles.
The Central RR. of N. J. and Lehigh Coal <fc Nav. Co. oontrol the
road. V. 68, p. 568. V. 78, p. 2384; V. 79. p. 269. Stook, $1,340,000;
par, $100.
Bonds.— Of the $1,124,000 general mortgage bonds out, $1,062.000 are guaranteed Jointly, prln. and interest, by the Cent. RR.
of N. J and Leh. Coal & Nav. Co. An additional $1,535,000 are reserved to take up prior liens and $330,000 for extensions or acquisitions of connecting roads. See form of guaranty, etc., in V. 67, p. 788.
;
Bills payable for
o int prftHt*
Due.
Stocks— Last
Dividend.
Amer L. &Tr.Co.,Bost.
N. Y., Central Trust Co.
July
N. Y., Nat'l Exoh.
Bank, and First
July
July
July
Apr.
July
July
-
-
15
- - -
GP
2d mortgage
1904 $1,000
See text.
6g. J. & J.
1893
1,000
$600,000
J. & J.
1881
1,000
800,000
g J. & J.
f
1887
1,000
164,000
5 g. J. & J.
1879 500 &c.
145,000
4ia
A. & O.
1881 500 &o.
240,000
6
A. & O.
1890
1,000
1,124,000
5g. J. & J.
1895
1,000
1,000,000
g J. & J.
2
1902
1,000
300,000
g J. & J.
1904
1,000
750.000
i
J. <fe J.
1903
1,000
1,380,000
5 g. A. & O.
50 40,334,800 See text. See text
50
106,300
10
See text
1868
1,000
5,000,000
4g. J. & D.
1870
1,000
6,000,000
M. & S.
7
1873
1,000
10,400,000 4ifl&6 J. & D.
1873
1.000
12,600.000 4ia&6 J. & D.
1903 l.OOO&o 15,000,000
M. &N.
1901
535,000
8 Various
A
1899
1,000
5,000,000
A. & O.
1895
1,000
2,000,000
4g- M. & S.
1890
1,000
15,000,000
4^g. J. & J.
1891
1,000
10,000,000
5 g. A. & O.
1880
1,000
M. & N.
6,000,000
5
1895 500 &0.
51.000
4*2g. M. & N.
1892
1,000
211,000
M. & N.
1866
1,000
1,500,000
J. & D.
1888
1,000
8,500,000 4, 413, 5 A. & O.
1884
1,000
750,000
A. & O.
f g A. & O.
1884
1,000
1,250,000
1886
300.000
6g. J. & J.
100
F. & A.
706,700
4
....
100
903.600
10
F. & A.
JSotm*»— Principal, When
National Bank,
Warwick, N. Y.
Phila., 929 Chestnut
do
do
do
do
do
do
Checks mailed,
do
do
Phila, Of., 228 80. 3d
do
do
do
do
do
do
f
I
;
St.
July
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Oct.
1,
Jan.
Jan.
1929
1928
1911
1917
1911
1912
1920
1945
19K2
1954
1953
Jan.14,'05,2%
Jan. 14, '05, 5
St. June 1, 1948
Sept. 1, 1910
Dec. 1, 1923
Irredeemable.
Philadelphia.
May 1, 2003
To Apr., 1908
N.Y., Central Tr. Co.
Dec. 8, 1909
Phil.,Leh.Val.Of.&N.Y. 8ept. 1, 1946
N.Y.,Merch.N. Bk.&Ph. July 1, 1940
Philadelphia.
Oot. 1, 1941
3d St. May
Nov.
Philadelphia.
Nov.
do
June
Phila., Lehigh Val. RR. Apr.
do
do
Apr.
do
do
Apr.
do
do
July
Phila., Of., 228 80.
do
do
1,
1,
1,
1,
1,
1,
1,
1920
1935
1942
1906
1939
1914
1914
1906
1.
Phil. offloe,228 8.3dSt. Feb., 1905,
do
do
Feb., 1905,
2%
5%
equipment June 30, 1304, $140,000, bearing 5 p
Gross, $213,754; net, $62,732
Earnings.— 6 mos., 11904
July 1 to Dec. 31.
Gross, 232,337; net, 93,473
51903
Deficit under charges, $12,603, against sur., $23,651 in 1903.
Annual Report.— Including Orange County RR., V. 80, p. 469.
Tear end. June 30.
Gross.
Net.
Int., tax, etc. Bal., sur.
1904
$196,845 $172,408
$509,408
$24,437
1903
443,678
180,748
166,062
14.686
Lewis A. Riley, President. Philadelphia. Pa. New directors Dec,
1904, V. 79, p. 2642.— (V 79, p. 2747; V. 80, p. 469.)
Lehigh 6c New England RR.— Operates road from Slatington
Pa., to Campbell Hall, N. Y., 95 miles, Bethlehem to Bangor, Pa., 31
m.; Bath to Martin's Creek. Pa., 20 miles; branches, 32 miles; total 178
miles, of which two sections, aggregating 35 miles, are trackage, leaving 1 43 miles owned
In Nov 1904, the Lehigh & Delaware RR. and
Wind Gap & Delaware RR., included above, were merged. V. 79, p.
,
2642.
History.— A reorganization July
1, 1895, of the Penn. Poughkeepsie
Boston, foreclosed. In Jan., 1904, Lehigh Coal & Navigation Co.
aoquired control. V. 78, p. 229, 1781, 1962.
Securities.— Stock is $1,500,000; outstanding, $1,000,000; par $50.
Mortgage of 1895 is for $1,000,000, of which $569,000 for improvements and exten's. (V. 62, p. 134.) Of the oonsols of 1903 ($3,000,000
authorized issue), $1,300,000 are issuable to retire the existing bonds,
the remainder being available for extensions and improvements;
trustee, City Trust, Safe Deposit & Surety Co. of Philadelphia. V. 77,
p. 951.
Earnings.— For year ending Dae. 31, 1904 (131 miles), gross, $232,643; net, $92,639; charges, $79,700; balance, surplus, $12,939. President, W. Jav Turner; VicePrestdant, Lewis A. Riley; Secretary and
Treasurer, H. F. Baker, deo'd.— (V. 78, p. 1962; V. 79, p. 2642.)
(See Map.) -Jersey City, N. J., opposite
Lehigh Valley
N. Y. City, to Buffalo, N. Y., 450 miles, with branohes, vix.:
Lehigh & N. Y„ Pa. 8tate
Fee or Entire Stock Oj>ned—
&
RR.—
LinetoNo.FatrHaven,N.Y.
Other
Letted
174 State Line & Sullivan
139 Other
497 Trac/cape to Susp.Bridge.eto.
Miles.
Buffalo, N. Y., to Sayre, Pa.. 181
Wilkesbarre, Pa., to Jersey
City
Elmira Cortland &Nor.fl....
Branohes
Pa. & N. Y., Wilksb're to Pa.
State Line (with 43 miles
branohes)
—
115
70
tf24
4
49
Total June 30, 1904
1,399
140 Second Traok
574
History, Etc.—In 1901 the Erie, Laoka wanna, Central of New
Jersey, Reading and Vanderbilt interests entered the directory. V.
72, p. 137, 391. The Lake Shore <fe Mich. So. in 1901 purchased $3,200,000 of the stock. V. 74, p. 883. For list of securities owned, see V.
66, p. 187. As to merger in 1903 of sub. companies under names of
Lehigh Valley Ry. cos. of New York and New Jersey, see V. 77, p. 972;
V. 80, p. 1424.
Coal Property.—The Lehigh Valley RR. Co. owns 3,619 acres of
coal lands and all the ($650,000) stook of the Lehigh Valley Coal Co.,
which in December, 1893, owned anthracite coal and surface lands
Total acres.
Goal acres,
Esl'd. yield.
Owned in fee
15,217
7,242
124,000,000
Perpetually leased
111,000,000
8,123
5,741
47,000,000
Term leases
1,708
1,708
stook
through
owned..
9.229
50,000,000
Controls
4,519
....*,
364.) The
Collieries 54, dally capaoity about 30,000 tons. (V. 0«,i,,«^.,
p.
62,
Hazelton Coal Co. (chartered in 1896) stook is owned and its $2,000,000 first mort. 5s also owned guaranteed—see V. 64, p. 137. In 1900 Delano Land Co. was merged in L. V. Coal Co. V. 71, p. 287; V. 79, p. 151.
In March, 1905, 300 acres of ooal lands, etc., were purchased. V. 80,
p 1111.
The Coal Co. shipped from collieries owned 4,275,130 tons in
1903-04, against 3,531,677 tons in 1902-03; total coal tonnage in
1903-04 was 7,511,957.
1905
Divs. on Com.— ) '87. '88 to '91. '92 '93. '9 4 to '03 1904.
5 yrly. 5H 4 None.
Aug.,1 Jan.,2(s.a>
Since '86. P. ot. S4 1*
Bonds.— The general consolidated mortgage of 1903 will secure $150,000,000 bonds, bearing not to exoeed 5 p. c. interest, covering the entire road, the stock of the Lehigh Val. Ooal Co. and other stocks owned.
Of the bonds $10,000,000 are issuable at once, $10,000,000 were reserved to retire $8,516,000 car trusts, ser. A to G inolus., and $1,535,000 coal purchase bonds, $96,000,000 to retire at or before maturity
outstanding fixed obligations amounting to $94,130,000, (including
the collateral trust bonds, and $2,000,000 coal trust certificates of
1902, which will be called for payment), on payment of which the
general consols will be a first lien on all the property of the system,
except as to $12,600,000 annuity bonds, which are a perpetual charge
the remaining $34,000,000 are issuable at not exceeding $2,000,000 a
year, or such larger amounts a3 may be authorized by stockholders,
beginning Jan. 1, 1906, for acquisitions, terminals, ooal properties,
*.
equipment,
Old bonds may, however, be extended If necessary,
two years. Provision may be made at the time of issue of
etc.
for not over
bonds thereunder for the right to oonvert into stook at tbe pleasure of
the holder not over $25,000,000 at any one time. V. 77, p. 824; V. 78,
p. 287; V.79, p. 1642. The mort and coll. trust's* of 1807 have been
called for payment at IO713 on May 1, 1905. V. 79, p. 2205.
i
TApr., 1905.
RAILWAY STOCKS AND BONDS
1585
RAILWAY STOCKS AND BONDS.
1586
RAILROADS.
For explanation of column headings, &c, see notes
on first page of tables.
Miles
of
mmm
Usm
o*
$50,000 due each F. <fe A
goldGP > $25,000 due each F. <b a
Equip, trusts, gold, due $200,000 vearly.PeP..
Do gold, ser. "D" to "G," due $562,000 y'rly.
Maritime mortgage bonds, $120,000 due yearly.
Lextngt. <6 East'n— lstM.,g.,ext.ln'01,red.l02Ce.c*
General mort.,gold.Co
r
Lltch. &Mad. lstmort, $1,000,000, gold. EC...
Little Falls dk Dotgerill«-l6t M., $250,000, gold...
Little Miamir- 8t'k,ooin.,gu.8 p.o.,99 yrs.,P.C.&St.L.
o
Renewal mortgage
New M. ($3,000.000)— V. 72, p. 184, 241, 1080...
L. Rotftd Hot Sp. West.— IstM., g., gu.pAi.end.NSt
Little Schuylkill Nav. RR. <e Ooal— Stook (rental gu.)
o*
Xntng Island— 2 A (now lsr) mortgage
ConsoL mortgage, gold ($3,610,000 are 5 p. o.)Ce
o*
General mortgage, gold Ce
L. I. RR. M. on ferry for $2,750,000, gold.Ce..O*
Stewart Line M. of 1932 for $500,000, gold.Ce..
Debenture ($1,500,000) gold, not subject to call..
New York <s Flushing 1st mortgage, assumed
B'klyn & Montauk 1st M., $250,000 are 6s.Ce.c*
Car
trusts,
l
2d M., g., ass'd, Bus. Sta. to Eastp. & brs.Ce.o'
Long Island City & Flushing 1st M., assumed, .o*
Coneol. mortgage gold, assumed.Ce
c'
Bay
Extension, $200,000, 1st M., assumed.
Montauk Extens'n, $600,000, 1st M., assumed .
Unified M.. $9,673,000, g. call 110
o*r
Refund.
$45,000,000, g., guar., p. & i.Eq.o*
N. Y.
..
M
Usm
.
Size, or
Par
of
1880
$500
1893 l.OOO&c
1892
1,000
1904
1,000
1895
1,000
1896
1.000
1899
1,000
.~. '99-'02
92
44
84
84
53
32
155
156
163
18
2
76
76
12
19
6
21
316
316
1,000
1895
1,000
1895 l.OOO&c
1904
1,000
1903 100 &0.
....
50
1882
1,000
1901
1,000
1899
1,000
50
1878 100 &c.
1881
1,000
1888
1,000
1892
1,000
1892
1,000
1894
1,000
1880
1,000
1881
1,000
1888
1,000
1881
1,000
1887
1,000
1893
1895
1899 1.000&C
1903 fOO &e.
Guaranties.— Eltnira Cortland <& Northern RR.—This road, with
the Canastota Northern, runs from Elmira to Canastota and Camden, N. Y.. 140 miles. Stook, $2,000,000, is owned. V. 62, p. 364, 1177.
Lehigh Valley Railway Co. of New York.—Owned Buffalo, N. Y., to near
Sayre, Perm., 175 m. double track, and branohes to Ithaca, Auburn,
etc., 106 m.; In all 281 m., covered by $15,000,000 moitgage of 1 890,
but in Aug., 1903, consolidated with other sub cos.; total mileage
now is 359 miles. 8tock, $7,720,000, all owned by Lehigh Val. RR. Mortgage abstract V. 51, p. 114. V. 65, p. 412, 1071; V. 77, p. 147, 972.
Lehigh Valley Terminal Railway. -Owned double-track road from
South r/lainfleld, N. J., to Jersey City, with about 125 acres at Jersey
City and a large water front there, eto. Merged in Aug., 1903, with
other subsidiary companies in L. V. Ry. of N. J., having total mileage
of 110 m., its $10,454,000 outstanding stook ( 6,000,000 additional in
treasury) being all owned by Leh. Val. RR. V. 77, p. 972. V. 53, p.
640, 880. Car trusts, $900,000.
Moms Canal. Leased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
Pennsylvania <k New fork Canal dk Railroad.— Loused, for 99 years
from Deoemberl, 1888, to Lehigh Valley, which has assumed its debt
and owns all its stook. Consol. mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols inolude $4,000,000 of 5
per cents, $3,000,000 of 4s, $1,500,000 of 4ias. V. 62, p. 950.
Lehigh Valley Coal Co.— See " Coal Property" above.
Coal Co. tr. certificates of 1902 (*3,000,000 author.) were called in at
102H and Int. on Dec. 1, 1904. V. 75, p. 1254; V. 79, p. 1704.
Consolidated Real Estate Co.- See V, 78, p. 1223; V. 79, p. 1271. To
June 30, 1904, none had been Issued.
Seneca Co'unty Ry , $500,000 guaranteed bonds, none Issued June
30, 1904. See V. 79, p. 1271.
National Storage Co. trust certificates, V. 78, p. 1781.
General Finances.— In 1904 dividends were resumed. V. 79, p.
103, 77; V. 60, p. 117. In Oct., 1904. $15,000,000 four p. o. ref. bonds
were sold, providing about $3,700,000 cash for general capital requirements and for the retirement of the $7,900,000 mort. and coll.
trust 5 per cent bonds and $2,000,000 five per cent ooal trust certificates. V. 7 9, p. 1642,1704, 2205. See "Bonds" above.
Earnings— 8 month?, 5 190 4-5... Gross, $20,080,685; net, $7,803,424
July 1 to Feb 28... J 1903-4.. .Gross, 19,285,925; net, 6,893,328
Annual Report.— Fiscal year ends June 30. The report for 1903-04
was given In V. 79, p. 1262. See also editorial, p. 124o.
1903-04.
1902-03.
1901-02.
Earnings from coal
$12,835,076 $10,101,764
$9,328,959
Miscellaneous freight
11,994.701
11.609,706
9,627,287
Passengers
3,155,715
3,664,820
3,191,639
Mail, express, eto
1,85*6,246
1,298,902
1,748,394
—
Operating expenses
$29,8«1,738
18,870,300
$26,654,503
18,980,180
$23,919,968
17,981,199
Netearnings
Other Income
$11,011,438
505,477
$7,674,324
604,924
$5,938,769
533,230
Total Income
$11,516,915
Additions and improvements. $1,465,290
Interest and rentals
5,083,583
Taxes
679,813
Miscellaneous
32,667
$8,279,243
$1,266,182
5,111,398
613,405
176,673
$6,471,999
$1,438,676
5,090,317
615,467
105,449
Total gross
Total deductions
$7,261,353
Net income
$4,255,5(10
Net income coal properties...
856,437
Bonus— rrinvi-
INTEREST OR DIVIDENDS.
Amount
Rate per When Where Payable, and by
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
Lehigh Vol.— (Oon.)— Snow Sh. 1st M.not gu.GP.r
LV.CoalCo.l8tM.$12,000,000,g.s.f.,notdrn.o*.fcr
Delano L'd 1st M., g., gu., s. f. *30,000y'ly.GP
Consol. Real Estate, 1st M.., $1,800,000, gu.
Date
[Vol. lxxx.
$7,167,659
$7,249,909
$1,111,589 def.$777,910
895,919 df. 1,098,798
pal.When Due.
Stocks— Last
Dividend.
Philadelphia,
A J.
Jan. 1, 1910
do
do
Jan. 1, 1933
J.
J. & J.
do
do
Jan. 1, 1932
& A.
Feb. 1, 1954
& A. Phil., Girard Trust. To Feb., 1906
do
To Aug., 1906
& A.
do
A D. Phila., Penn.Co.forlns To June 1, '09
Philadelphia.
Various
1905 to 1910
To May 1,1907
M. & N.
N.
K.
Tod
July
Y., J.
& Co.
J. & J.
1, 1911
F. & A.
See Text
Feb. 1, 1935
M. & N. Equitable Tr. Co Chir. Nov. 1, 1934
1933
3g. J. & J. N. Y., Am. Ex. Nat. Bk.
8*5
J.— M./o Cinn.,Omce, IstNat.Bk. Mar. 10 '05,2%
5
t & N. N. Y. Bank of America. Nov. 2, 1912
31*
do
F. & A.
do
Feb. 1, 1951
St. Louis and Phila.
July 1, 1939
J. & J.
8 J. & J. Phila., Of., 410 Walnut Jan. 15, *05. 3
I
F. & A. N.Y.,U.S. Mort.&Tr.Co. Aug. 1, 1918
do
do
July 1, 1931
4&5g. Q.—J.
do
do
June 1, 1938
4g. J. & D.
do
do
Moh. 1, 1922
4 ^g. M. & S.
do
do
June 1, 1932
4 g. J. & D.
do
do
June 1 1934
D.
5 g. J. &
do
do
Moh. 1, 1920
M. & 8.
6
do
do
Moh. 1, 1911
5&6g. M. & S.
do
June 1, 1938
do
5 g. J. & D.
May 1, 1911
do
do
6
M. & N.
do
do
May 1, 19 r>
M. & N.
do
Jan. 1, 1943
do
v- J. & J
do
do
Jan. 1, 1945
5
J. & J
do
Mar. 1. 1949
do
4g. M. & 8.
$365,000
o
10,114,000
5
1,089,000
5
See text.
5
100,000
5
75,000
5 _
1.000.000
4^ g.
2,748,000
4*3 g.
245,000
5 g.
850,000
5 g.
1,500,000 See text.
600,000
5g.
250,000
4,943,100
1,500,000
1.676,000
1,140,000
2,487,850
268,703
4,731,000
3,000,000
1,494,000
332,000
l 1,135,000
125,000
1,000,000
600,000
600,000
650,000
a 100,000
a 315,000
9,673,000
17,891.000
<fe
,
*
,
*
4
g.
M.
<fo
New
S
York.
Mar.
1.
1949
EARNTNGS.-8 months, 51904-5
Gross, $295,401; net,$89,054
Gross, 355,119; net, 71,540
$1903-4
July 1 to Feb. 28.
Year ending June 30, 1904 (119 miles), gross, $612,200; net. $173,810; interest, $117,500; taxes, $15,000; rentals, etc, $46,699; bal.,
def., $5,389. President, Arthur Cary, Lexington, Ky. (V.76, p. 542.)
Lline Rock RR.— Owns road in and around Rockland, Me., 11
miles; trackage, 1 mile; total, 12 miles
Stook, $450,000; controlled
by the Rockland-Rookport Lime Co. of Maine. Bonds, $400,000 consol.
ref 30-year gold 4s, due July 1, 1929 ($1,000 each), int Jan. and July,
at Portland, Me.
Year ending June 30, 1904. gross, $85,740; net,
$37,428; other income, $4,262; charges, $19,653; dividends (5 p. o.),
$22,500; bal def., $462. Office, Rockland, Me.
Litcnneld 6c *ladison Ry.— Owns Litchfield Jot. to Madison,
Stock, oommon,
111., 44 miles; trackage, 1 in.; total, 45 miles.
$500,000; pref., 4 p. c. non cum $500,000; par of shares, $100. Formerly controlled by Chic. Peoria <fc St. Louis, but in 1904 control was
sold to John R. Walsh and associates of Chicago. For year ending
June 30.1904, gross. $124,036; net, $25,665; interest and taxes, $28,.
,
bal., def
$2,891. President, James Duncan, Alton, 111.; Sec.
and Treaa., D. M. Cameron. (V. 79, p. 2456.)
Little Falls .v Dolgerllle RR.— Little Falls, N. Y., to Dolgevllle, 10 miles. Suocessor in Deo., 1902, to foreclosed road of same
name. V. 75, p. 48. Stook, $250,000. Bonds, see table. For year
ending June 30, 1904, gross. $42,306; net, $11,414; charges, $10,425.
556;
,
Dumont Clarke; Treasurer, E. R. Wanokel. (V. 75, p. 48.)
Little Kanawha RR.— Parkersburg, W. Va., to Palestine, 30
miles, thence by steamer, 20 miles, to Creston; total, 52 miles.
Stock, $3,000,000 authorized; issued $509,500. In April, 1902. a
syndicate representing the Gould Interests aoqulred the road. See
W. Va. & Pitts. Item, V. 74, p. 777. For year ending June 30. 1903,
J. T. Blair,
Prest., Parkersburg,
gross, $70,454; net, $15,587.
President,
W. Va.— (V.
75, p. 442, 666, 1302; V. 76, p. 1030.)
Cincinnati, O., to Springfield, O., 84
miles; branoh, Xenla, O., to Dayton, O., 16 miles; Dayton, O., to Ind.
Xenia RR., Xenla, O., to ColumState Line, 38 m.; leases, Columbus
bus, O.. 55 miles; Cin. St. Con.RR., 2 m.; tot. 195 m.
Lease.— On Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the contract and
guarantees Its faithful execution. Rental is 8 per cent on $4,943,100
stook and interest on debt. Lessee's report shows results to lessee:
In 1899, profit, $54,725; 1900. $65,989; 1901. $67,151; in 1902, loss,
$92,069; in 1903, loss, $241,593; in 1904, loss, $133,746 Stook author-
Little
Miami RR.—Owns
&
Beginning Deo, 1899, i$ per cent extra has been
ized, $8,000,000.
paid each Deo. and June from the surplus invested fund, making dividend 8 2 5 per cent yearly Of the3»ss. $1,358,000 were, on Jan. 1,
1903, owned by the Penn. RR.— ( V. 72, p. 241, 1080; V. 74, p. 427.)
Little Rock Sc Hot Spring** Western RR.— Owns Hot Springs
to Junction, Ark.. 53 miles, of which Benton to Little Rook, 23 miles,
V. 68, p. 85; V. 69. p 283;
Is leased to Choo. Oklahoma & Gulf RR.
V. 73, p. 722. Stock, $1,140,(00, all owned by St. Louis Iron Moun(Missouri
Pacific
system)
which guaraateeelthe
Southern
Ry.
tain &
bonds, principal, and interest, by endorsement. V. 78, p. 583. Year
ending June 30, 1903 gross, $150,017; net, $33;i68; other income,
$18,3; 1; deductions, $58,519; bal., def., $6,980.— (V. 78, p. 583.)
Little Schuylkill Navigation RR. 6c Coal.— Owns from Port
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. o. on stook to 5 p. o., gold from Jan. 1, 1897; In 1898, 513 p. o; In
1899, 51^; In 1900, 5; In '01, 5^; 1902, 5** p. 0.; 1903, 5; 1904, 5;
1905, Jan 3. Lessee pays taxes and organ, expenses— (V. 73 p. 554.)
London Tube Companies.— See Underground Eleotrio Rye.
Operates the steam surface roads of Lonv Isl
Long Island
,
Total net income
$5,111,997
$2,007,508 df.$l,876,708
Pres., E. B. Thomas, 143 Liberty St., N. Y.; 1st V. P., J. A. Mlddleton;
2d V. P., J. W. Plattec; Gen. Mgr., M. B. Cutter; Treas., W. C. Alderson; Sec, D. G. Balrd, 228 So. Third St.. Phila. Exeoutlve Com. Chairman, Eben B. Thomas; Geo. F. Baker, E. T. dtotesbury, Charles Steele,
H. MoK. Twombly and Geo. F. Baer.
Directors— Kdward T. Stotesbury. Alex. B. Coxe, Joseph Wharton. Geo. H.
McFadden, Charles Steele, Irving A. Stearns, Abram Nesbitt, II. McK. Twombly, Kben B. Thomas, George
V. Baker, K B. Smith, George F. Baer
:
and
lt<
bt. C. I.ippmcott.
-(V. 79, p. 1704, 2205, 2642; V. 60, p. 117, 222, 1111, 1424.)
Lexington 6c Eastern Ry.— Owns from Lexington, Ky., to Jaok6on, Ky., about 92 miles. Operated Ohio & Kentucky Ry., Jaokson,
Ky., to oannel coal fields in Morgan Co., 26 miles, but independent
operation was resumed in July. 1904. Stook, $500,000; par, $100.
Reorganized without foreclosure in 1901 per plan V. 73, p. 663.
Bonds.— The first mortgage 5s were extended at same rate of interest
to July 1, 1911, the company having the right to call and redeem all or
any oi them at 102 and Interest. All Interest on the general mortgage
bonds was waived to Aug 1, 1901, Interest thereafter to be paid in oash
Feb. and Aug 1, as follows: 2 p. o. yearly for 5 years, then 3 p. o. for
5 years and 5 p. o. yearly thereafter to maturity. Deferred debentures will be Issued from time to time for balance of the interest
not paid in oash on the general mortgage bonds accruing after Aug. 1,
1901, suoh debentures ($375,000 eventually) being payable without
interest whenever the company shall decide, either in cash or general
mortgage bonds, bat to become payable immediately in case any dividend is declared on the stock.
RR.—
Owns—
Miles.
Island City to Greenport. 95
Island City to Mortauk.llri
Long
Long
Sundry branohes
(U Which see.) Miles.
Rockaway Beach Ry.fl 12
Leases—
N. Y.
<fe
Jamaica & South Shore
106
N. Y. B'klyn
Total owned
5
(V. 78, p. 102.)
&
Man. Beach
IT-.
18
316
(V. 77, p. 2098.)
Leases—
391
10
Total June 30, 1904
Brooklyn <fe Jamaica KR
112
30 Double track
North Shore Branoh RR
By June, 1905, 45 mile* of road will be converted electrloally.
V. 79, p. 2147; V. 60, p 997.
STOCK —$12,000,000; par, $50; of which Penn.RR. owns $6,797,900.
Dividends.— J 1882. '83 to
'90.
'91.
'92.
'93.
'94.
'95.
'96.
None
4i«
414
4 since.
5
5
4
4 yearly
Bonds.— The refunding 4s of 1903 ($45,000,000 authorized Issue)
are secured by a Hen on the entire road subject to the $22,592,000 outstanding old bonds, to retire which an equal amount is reserved;
of the bonds, $13,878,000, guaranteed as to principal and interest,
by the Pennsylvania RR.,were sold, the prooeeds to be used for variou»
Improvements and additions In connection with the Pennsylvania
tunnels to and through New York City, principally for additional terminal facilities at Bay Ridge and Long Island City and for a doubletrack connection with the New Haven Roan, for additional freight and
passenger terminals, tracks, equlp't, etc; $4,013,000 were Issued to
retire old bonds, and the remaining $4,517,000 will be held for future
Per cent.
requirements.
1
1
V. 78, p. 583. 1549; V. 79. p. 2696; V. 80, p. 1111.
Ape., 1905.J
RAILWAY STOCKS AND BONDS.
1587
RAILWAY STOCKS AND BONDS.
1588
[Vol. lxxx.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
PrinoiAmount Rate per When Where Payable, and by Bonds—
of
Par
For explanation of column headings, &c, see notes of
pal.When Duo.
Road. Bondf Value. Outstanding
on first page of tables.
Whom.
Cent.
Payable
S^'to-LastDlv.
Long Island— (Con.)—Leased
Lines, Principal or In
30
RR. N.Sh.Br.oons.M.$l,425,000,gu.p.&i.Ce o*
19
N.Y. B. &Man. B.lstcon. M.$l, 726,000 g.,gu.Ce
N. Y. & Rook. B., l8t M. $384,000, gu. p. & l.Oe.
10
P. P. & C. I.. 1st and 2d. ($96,000 2ds> nn. v. & 1.
Lou. <t Ark.— let M., $7,000,000, g..S o*&r. Text. 187
36
Louisiana <t Northwest RR.— First mort., gold
Louisiana Ry. <£ Nav.— 1st M., g. 8ee text. F..c<fer 198
45
after
1902
Ce.c
La. South'n— 1st M., g.,red. at 105
Ceo* 106
Louisiana Western — 1st mortgage, gold
101
Louisv. <t Atlantic- 1st mort., gold, $1,000,000.
Louisville Bridge Co.— Stock
Louis. E. <£ St. L.—lBt mort., $2,500,000, gold.Mo 165
TERES T GDAB ANTE ED.
1892
1885
1887
L.I.
'86-'91
K
Louisv.d Jeff.Bridge—^5,000,000,g.sM. p.<fci.,end.c*
Louisville £ Nashville— Stock, $60,000,000
1902
1895
1903
1897
1881
1901
1896
1895
1877
1879
1880
1877
1881
1880
1880
1880
1880
1881
1881
1887
1888
1st mort., collateral trust ($7,000,000) gold..Fc*
Unified mortgage for $75,000,000, gold.Ce.Cfcr Text. 1890
1903
Col.tr.M.,call par aft. 1908, $30,000,000, g.l'sc*
1891
....
8t. Louis property, 1st M., gold, $650,000. SSt.c
Mobile & Montgomery joint mortgage, gold.Ce.o 179 1895
a In bands of public; total issued shewn in left hand colum
Ceoil.Br.l9tM.,Cecil.toLouls.,s.f.,dr.atlOO.rno"
E.H.&N.lstM., Hend.toNash., g, dr'natllO.Ce.o*
Lonls. & Nash, gen'l M., gold, drawn at HO.Ce.o*
L. C. & Lex. 2d m. s. f not dr'n.Louis.to Newp't.o*
Gen. mort. L. C. & L., gold(V.63,p.l010),ITlo.o*
L. & N. bas., S.& N. Ala. RR., 2dM. as col. g.Un.o*
Pensaoola Div., let M., gold (dr'n at 105).F..o*
N. O. & Mob. Div. 1st M., N.O. to Mobile, g.F.o*
*c
2d mortgage, gold
Bontheast'n & St. Louis Div. 1st mort., gold....C*
o*
2d M.,gold, East St. L. to Evansville & br
IstM. (50-year 5s), $15,000 p. m., gold. Us... o*
.
46
151
802
175
175
189
45
141
141
208
208
118
$1,000 a$l,262,000
1,000 al, 601,000
g
t
1.000
a 883,000
5 g.
1,000
4^2
436,000
1,000
2,724,000
g
£ g.
1,000
100,000
5
1,000
4,865,000
4lflg.
500
.5 g.
250,000
1,000
2,240,000
1,000
1,000,000
5 g.
IOC
1,500,000 See text.
500
2,200,000
gl
5
1,000
3,500,000
4 g.
100 60,000,000 See text
$1,000
130.000
7
1,000
1,675,000
£*•
1,000
c8,203,O00
6 g.
100 &o.
892,000
7
1,000
4iag.
3,258,000
1,000 dl,918,000
6 g.
1,000
e539,000
g
S
1,000
5,000,000
6 g.
1,000
1,000,000
gl
£
1,000
3,500,000
g
f
1,000
3,000,000
3 g.
1,000
f 1,749,000
5 g.
1,000 g4,705,000
5 g.
l.OOO&c b32,148,000
4 g1,000
23,000,000
4 g1,000
617,000
5 g.
_
1,000
4,000.000
4^ g.
n; balan oe under uni fled mort
-
-
-
-
The ferry mortgage for $2,750,000 covers all the real and perbonal property pertaining to the company's ferries (34th Street and
Jamee Slip). As to debentures see page 2 of Sup. of April, 1895.
The unified mortgage is limited to the amount now outstanding.
Bonds are subject to call at 110 in whole or in part on any interest
day. V. 68, p. 618. Morts. on real estate, $971,088. V, 76, p. 266.
Guaranties.— In addition to guaranteed bords in table above guarantees 5 p. o. on $650,000 New York Brooklyn & Manhattan Beaob
preferred stock as part rental also 4^ p. o. on $50,000 P. P. & So. Br.
stock, and 4 1s p. o. on $82,500 of the N. Y. & Coney Island stock.
Important Connectioxs.— Construction is in progress on the city's
extension of Its Rapid Transit tunnel from Manhattan under the East
River and thence to Flatbueh Ave Station, Brooklyn. V. 75, p. 30,
185. The Pennsylvania RR. Co. is also proceeding to build an underground (tunnel) electric railroad for passenger service from Jersey
City, under the Hudson River to a central passenger station at 33d
Street and 7th to 10th avenues, and thence under the East River to a
H. RR.,
connection with Long Island RR. and thus with N. Y. N. H.
see V. 74, p. 830; V.75, p. 1203. As to improvem'ts, see V. 80, p. 599,
997.
Latest Earnings.—For 6 mos. ending Deo. 31:
Other inc.
Charges.
Gross.
Net.
Bal., sur.
6 mos.
$262,193 $1,085,189
1904.... $4, 118,818 $1,190,187
$367,191
130,990
1903.... 3,870,858
992,518
959,571
163,937
Annual Report.— Report for 1903-04 was in V. 79, p. 2639.
1903.
1902.
Tear ending June 30- 1904.
1901.
Gross earnings.
$6,835,847 $6,440,992 $5,883,607 $4,862,347
Operating expenses.. 5,591,970
4,787,968
4,111,551
3,516,705
;
&
Net earnings
Total net
Interest on bonds
$1,243,877
.$1,545,408
1,168,269
Taxes
Rentals
Miscellaneous
Interest on notes, etc
Balance
213,835
401,056
2,287
35,167
$1,653,024
$1,990,087
967.068
239.515
442,851
3.381
31,683
$1,772,056
$2,104,744
860,613
210,832
484,295
4,749
$1,345,642
$1,631,552
837,280
258,701
322,800
16,962
N.Y.U.S.Mort.&Tr.Co. Oct. 1, 1932
Bank'g Co. Oot. 1, 1935
M. & 8. N. Y.,U. S. Mort.& Tr.Co. Sept. 1, 1927
do
do
Semi-an
1926-1931
M. & S. N. Y., Fisk & Robinson. Sept. 1, 1927
J. & J. N.Y., Boody, McL.&Co. Jan. 1, 1945
J. & J. N. Y., Farmers' Tr. Co. July 1, 19f8
M. & S. N. Y., R. Winthrop <!fcCo. Mar. 1, 1950
J. & J. N.Y..S.P.C0..120 B'way July 1, 1921
M. & N N. Y., Knick. Trust Co. May 1, 1941
Loulsviiie, Ky.
See text.
& A.
Jan., 1946
J. & J. N. Y.,Bk.of Am. & Louis.
M. & S. N. Y., J.P. Morgan & Co. Mch. 1, 1945
F. & A
N. Y., 71 Broadway. Feb. 10 '05, 3%
Mch. 1, 1907
do
do
M. & S.
do
Dec. 1, 1919
do
J. & D.
do
June 1, 1930
do
J. & D.
do
A. & O.
do
Oot. 1, 1907
do
do
Nov. 1, 1931
M. & N.
Apr. 1, 1910
do
do
A. & O.
Moh. 1, 1920
do
do
M. & S.
do
do
Jan. 1, 1930
J. & J.
do
do
Jan. 1, 1930
J. & J.
Mch. 1, 1921
do
do
M. & 8.
do
do
Moh. 1, 1980
M. & 8.
May 1, 1937
M. & N.
do
do
do
Nov. 1, 1931
do
M. & N.
do
do
July 1, 1940
J. & J.
New York.
Apr. 1, 1923
A. & O.
M. & 8. St. Louis, St. L. Tr. Co Moh. 1, 1916
M. & S. N. Y., 71 Broadway. on next page.
b, c, d, e, f, g, see foot note Sept. 1, 1945
Q.-J.
A.
<fe
O. N. Y., Corbin
,
.
Louisiana Southern Ry.—Operates from New Orleans to Belalr
ana Shell Beach, 45 miles. See V. 64, p. 83. In Jan., 1901, the
United Ry. & Trading Co. of England acquired over 95 p o. of the stock
and bonds, that company also owning the Kenilsworth Sugar Estates,
10,000 acres. V. 76, p. 706. Stock, $300,000, par $100. Dividends in
1900-01, 7 p. c; in 1901-02, 7^ D. o. Year 1901-02, gross, $98,289;
net, $50,961; int. and tax., $18,029; bal., sur., $32,932. -(V.76, p. 705.)
Louisiana Western RR.— (See Map of Southern Pacific.)—Owns
from Lafayette, La., to Sabine River, 106 miles; Midland to Eunice;
24 miles Midland to Abbeville, 35 miles; Mallard Junot. to Lake Arthur, 34 m.; total, 199 miles. Operated independently, but in connection with Southern Pacific, which owns practically all the $3,360,000
stock. In year 1903 04, gross, $1,873,707; net, including other lnoome,
$834,767; eurp. over charges, $571,935.— (V. 74, p. 268.)
Louisville 6c At. RR.— Versailles, Ky., to Beattyville Jot., 101 m.
of which Miller's Creek to Beattyville, 28 miles, opened in Deo., 1902.
Stock, $1,000,000; par $100. Year ending June 30, 1903, gross. $179,379: net, $32,650; Int, $62,143; taxes, $7,653; balance, def., $37,146.
Pres., J. P. Amsden; See., E. M. Wallace, Versailles, Ky.— (V. 71, p. 236.)
Louisville Bridge 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 baok to roads using bridge.
Stock is $1,500,000 Penn. Co. owned Jan. 1, 1905, $900,000. Div
idends, 1896, 6^ per cent; 1897, 7 p. o.; in 1898, 6 p. c; in 1899, 3
1S03, 13 p. o.; 1904, 4
p. o; 1900, 8 p. c; 1901, 6 p. 0.; 1902, 5 p. c
In Deo., 1903, the suit of the minority stockholders was settled,
p. c.
$150,000 of the $248,376 recovered bt lng distributed as a 10 p. c. div.
See V. 78, p. 102; V. 79, p. 2747. In calendar year 1904, gross, $306,522; net over taxes, $lf 0,0: 4; dividends (4 p. o.), $60,000; bal., sur.,
$90,094.-(V. 78, p. 102; V. 79, p. 2747.)
Louisville Henderson 6c St. Louis Ry.—Road.—Louisville
to Henderson Ky., 142 miles, of which West Pornt to Louisville, Ky.,
21 miles, Is trackage owns also Lrvington to Fordsville, Ky., 44 miles
History.— reorganization June 1, 1896 (per plan in V. 62, p. 138)
Securities —Stock, common, $2,000,000; preferred, 5 p.o. non-oum.,
$2,000,000. The stock is to be held by John J. MoCook, Braytor
Ives and Oscar Fenley, for ten years, in a voting trust, unless earliei
terminated by unanimous vote of trustees. See terms V. 62, p. 138
Of the bonds $300,000 are reserved to build to Louisville.
Report for year ending June 30, 1904,was in V.79, p. 2144, showing:
Gross, $895,970; net, $256,898; improvements, $119,252; interIn 1902-3,
est, $110,000; taxes, $20,000; balance, surplus, $7,646.
gross, $808,548; net, $231,693.— <V. 79, p. 968, 2144.)
Louisville 6c Jeffersonvllle Bridge Co.— One-half mile long
and the approaches one mile; opened Jan. 1, 1896. Also owns about
40 acres of land in Louisville and 100 acres in Jeffersonvllle. Stock.
$1,425,000; mortgage Is for $5,000,000 (trustee U. 8. Trust Co. of
N. Y. and Union Trust Co. of Indianapolis); bonds for $1,500,000
are reserved for future construction, etc; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. <fe St. L. roads, in whose inSee V. 61, p. 559.— (V. 62, p. 84.)
terest the entire stock is owned.
&
;
;
;
A
def.$275,205sur$30?,538 sur$544,2E6sur$195,809
President, Ralph Peters. Treasurer is Henry Tatnall, Broad 8t. Station, Philadelphia.— (V. 79, p. 2796; V. 80, p. 163, 599, 997, 1111, 1363.)
Louisiana Arkansas lly.—t See Map.)— Hope, Ark., to JenaLa., 187 miles. Extension proposed to Natchez, Miss., 47 m., and Pack"
ton southerly to Alexandria, 36 miles. V. 75, p. 135, 1306.
Stock.— Stock (authorized, $7,000,000, outstanding, $2,625,000,
shares par $100), of which $2,250,000 is deposited with the Standard
Trust Co. of New York. Voting trustees 10 years: William Buohanan,
Edward E. Porter, Benj. F.Yoakum, Harvey E. Fisk and Chas. L.Paok.
Bonds.— Former bonded debt $600,000 at 6 p. o. has been paid off
New issue of 5 p. c. 25-year bonds is for refunding, betterments, equipment and extensions; total authorized, $7,000,000, of which $1,000 ,000 reserved for bridges across Black and Red rivers, and the balance
Limited to $20,000 per mile of completed railroad. The entire amount
outstanding, but no part, will be subject to redemption at 110 and
Interest on any Interest date after Sept. 1, 1907. Beginning with 1907
a sinking fund of $55,000 uer annum to buy bonds at 110 and interest
or under, or if bonds canrot be purchased to be invested in securities
legal for savings banks in N. Y., N. J., Massachusetts or Connecticut.
Earnings- 8 months. > 1904-5
Gross, $527,663; net, $194,005
July 1 to Feb. 23.
436.7C0; net, 109 510
\ 1903-4.... Gross,
Surplus over charges, $120,957 in 1904-5, against $45,096 in 1903-4.
Report.— Report for year ending June 30, 1904, was given at length
In V. 79, p. 2082, 2096; see p. 2054.
Year—
Milts. Gross.
Net.
Other inr. Charges. Balante.
&
1903-4
1902-3
Pres ,
148 $704,670 $216,875 $24,186 $12^,604 $115,457
127
532,534
160,827
17,843
70,027
108,643
Wm. Buohanan, Texarkana, Ark.— (V. 79, p. 2082, 2096.)
Louisiana 6c Northwest RR.— Owns Magnolia, Ark., to a point
7^ miles south of Bienville. 79-60 miles; trackage, Magnolia, to McNiel,
6-40 miles. Extension to Natchitoches, La., 36 miles, was completed
in 1904; further extension proposed to Crowley, 110 miles.
Stock, $3,000,000 authorized; issued in Oct., 1903, $700,000, par,
$100. Loans and bills payable June 30, 1903, $241,144; oar trusts,
$78,387. Trustee of first mortgage bonds. People's Trust Co., Brooklyn, N. Y.
There are also 50-year gold oonsols at $7,500 per mile,
all owned by company. Year ending June 30,1903 (86 miles), gross,
$164,200; net, $74,501; Int., taxes, etc., $19,199; bal.. surplus, $55,.
302. Gen. Man., J. D. Beardsley, Gibsland, La.— (V. 73, p. 957.)
Louisiana Kail way & Navigation Co.— Owns Shreveport
to
Baton Rouge, 222 miles; also branch from Colfax to Wlnnfield. 28
miles. Branch is under construction from Campti to Chestnut, La., 14
miles. Also extension to New Orleans (surveys having been made and
N. O. terminals and street franchises procured), etc.
Successor on June 22, 1903, of the Shreveport
Red River Valley
Ry. V. 77, p. 36. Stock author., $12,000,000; outstanding Oct., 1904,
$4,885,000; par. $100. Bonds (see table above) are limited to $17,500,
000 total issue and $23,000 per mile; $300,000 has-afeo been issued for
a bridge over the Red River at Alexandria; $4,000,'O00 is reserved for
New Orleans terminals. See official statement, V. 77, p. 36; V. 77, p.
769. Pres., Wm. Edenborn, 8 Bridge St., N. Y.; Sec. and Aud., H. P.
Helm; Treas., Clarence Ellcrbe, Shreveport, La. (V. 77, p. 36, 769.)
&
RR.—
(See Map.)— Road.— Operates male
Louisville 6c Nashville
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
to St. Louis, Mo. .Memphis, Tenn., etc, 2,717 miles, making total sys
tern proper June 30, 1904, 3,638 miles. The system includes
Lines owned absolutely or
Miles.
through capital slock
185
Louisville to Nashville
3,131
Sundry other lines
Lines leased, <tc.
HSouth & North Ala.
Other lines
RR
193
129
Reported separately.
H Nashville Chatt.
1T
Milet.
& St. Louis.. 947
611
Georgia Railroad system
& Nor. (stock owned). 228
IFAt.K.
IT <Jliic.
Ind.
&
Louisville
692
41
oo's
Owned but leased to other oo's. 21
24 8
Mem. Div
Do. Paducah
Birm. South (half st'k owned). "6
IF See this company.
Operated for other
&
Total of all June 30, '04.. 6,? 56
3,638
Total system proper
In Feb., 1902, sold Ceoilia Br., 46 m., for $1,000,000. V. 74, p. 326
In Apr., 1902, acquired control of the Atlanta KnoxviUe <fe Northern
Ry., KnoxvUle, Tenn., to Marietta, Ga., 205 miles, with 25-mile branch
and trackage to Atlanta, Ga., 20 miles, which was merged June, 1904;
a connecting line from Jellico, Tenn., to Knoxville, 66 miles, giving
direct line, Cincinnati to Atlanta, was completed in April, 3 905.
In March, 1904, the Newport & Cincinnati Bridge was puronased. ll«
$1,400,000 bonds being aHsumed. V. 79, p. 1474. The stockholders
will vote at the annual meeting in Oct., 1905, on acquiring the South
North Alabama. V. 80. p. 472, 1233.
Organization.— Line opened between Louisville and Nashville Nov.,
1859. For securities owned and in sinking fund see V. 79, p. 1 178,1 47°.
Control by Atlantic Coast Line.— Late In 1902 the Atlantio Coast
Line RR. acquired a majority of the stock (.viz $30,600,000 of the
$60,000,000 outstanding), but the roads are operated independentlyV. 74, p. 830, 1038; V. 75, p. 733, ] 399.
Drv— ) '83-'87 '88 '89 '90 '91 '92 '93 '94-'98 '99 '00 '01 to '04 1905
P.O. 5 None. 5stk, 5stk.6 5 4 4 None. 3»s 4 5 yearly. Feb.,3
&
,
Bonds.— The Evansv. Bender. <£• Nashv. bonds are drawn at 110 by lot
annually in October, for payment Deo. 1 in amounts increasing eaoh
in 1904, $55,000.
flve years until $150,000 per year is finally reached
;
!
Apr.
.
RAILWAY STOCKS AND BONDS.
1905.]
1589
ySloomflfld
'Newtuni
HMnboro
Seymour!
|
plitchell
l\
Washington
Di^rdennu
CrystaUfcyJ
Chester
(0
«*
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O
3
|.P
SZs£T # SG&*tUV*'*'
R O V D E* N C E
I
C
-?/^T A W
4
?
£^
(Dexterj
Fulton
I
Richland
7
Tallatin
"Saundersville
*n
x»r
,
C>v^
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Galnesboro
Parayoulu
c-»'
r6rent^
kjioxle/
Bon Air
Rockwood^
&
\Wartrace,
Shelby
Pikuville
Y.
PleTtsant Gr.
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c
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Lynnv
?
Pulaski
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ft
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Pi 0re
Athens
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Tuscumbla
use
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Darlington
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Sfeneca/i
i
New Albany
I
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h
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Pontotoc
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Parsons r
^
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Muldon J
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i
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e CS S £
Columbus
AtDens
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e
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/
3reenwood/
- &a
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e l-ct.
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w
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"wBCoatioberrj
-
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.Tift«n
Columbia I *, Blakely
1-
I
V.
Troy
GEORGIANA
r
yHattibsburg
Abbey
Siblthville
r 'P,
/Kemps Yq
Laurel
State Line
S[,T8.
u
Thomas
JacksonX
VX
Jolumbus
6W»
Jnlou
Harrlston
Magnolia
Ft.Viflley3
Jhehav
ri»
'PINE,
.
(CON
MYRTLEWOpD
Raleigh
o
/
}
W. Point
Jpelili
p R43
,
at
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?i^
MAP OF THE
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
/Thomas V.
PEN.
^Tallahassee
Lion
JJULlre Oak
RAILWAY STOCKS AND BONDS.
1590
RAILROADS.
Date
Miles
Bonds— PrlnoiINTEREST OR DIVIDENDS.
pal.When Due.
per When Where Payable and by Slocks— Last
Size, or
Amount Rate
Pai
of
of
For explanation of column headings, &o., see notes
Outstanding
Cent.
Road. Bonds Value.
on first page of tables.
Nashv. Flor.& Slieft., lstM.,g.,assu.inl900.Ce.o
So. & No. Alabama, 2d M., gold, s. f., $2,000,000.
Consol. niort. (for $10,000,000), g., guar.Ce.c*
Impt. mort.. $2,000,000, g.MalV. 79, p. 2697)
Newp.&Cin.Br.lstM.,g..8.f.assu.,gu.byPa.RR.F
L.
& N.-So. joint M., $7,750,000, red.
1881 $1,000 I $1,523,000
1887
1,000 kl,996,000
1880
1,000 Own. L. & N.
1886
1,000 1 3,256,000
1904
1,000 Own. L. & N.
1,000
1,400,000
1895
1902 l.OOO&c
5,870,500
400,000
1876
1,000
1,000
1887
j 6,700,000
1896
1,000
1,000,000
1902
1,000
500,000
See text.
1905
160
105
189
189
189
Louis.AN.— (Con.)— Pen.&At.lst M.g.dr'n ass'd.c*
m
l907.S.o*«fcr
49
220
228
228
487
Kentucky Central—Maysville & Lex. RR. mort...
0*
New mortgage ($7,000,000) gold. Mp
Atlanta Knoxv. & Nor. 1st M., g.-Ce
Consol. mort.. gold, $10,000 per mile. Us......
Cin. Div. M., $50,000,000
L. & N.-Atl. Knox.
INDI
Louisville New Albany <£ Chicago. -See Chicago
20
Lvkens Valley— Stock. Rental pays 5 per cent
97
Macon <& Birming—1st M., $500,000, gold.OB...c
Maine Central— Stock and scrip ($12,000,000)...
c&r '304
1st consol. mort., ) ($269,500 5s)
&
ANAPO
[Vol. lxxx.
Payable
Whom.
&
&
&
&
&
&
&
&
&
&
&
N. Y., 71 Broadway.
6g. F.
5g. F.
6g. A.
5g. F.
5
F.
4iflg. J.
g.
4g. J.
J.
7
4g. J.
5g. J.
4g. M.
A.
A.
O.
A.
do
do
do
Dividend.
do
do
do
Aug.
Aug.
Apr.
Aug.
Aug.
July
do
do
J.
July
J. N.Y., .LP. Morgan & Co.
Jan.
N. Y., 71 Broadway.
J.
July
do
do
J.
Dec.
do
do
D.
Mar.
do
do
S.
A.
1921
1937
1910
1936
1936
1945
1952
1906
1987
1946
2002
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
& L
OUI8VILLE.
600,000 5 in 1904 Q.-J. N. Y., Office, 13 Wm. St. Apr., '05, 114%
500,000
1896
1,000
5 g J. & J. Boston, Old Colony Tr. July 1, 1946
Portand, Me., Office. Apr. 1/05, 1\
100
4,977,000 7 in 1904 Q.-J.
A. & O. ) Boston, 2d National J Apr. 1, 1912
4,193,500
51872 100 &0.
Bank & Portland t Apr. 1, 1912
S
o&r
U872 100 &0. 4,790,500 4&413 A. & O. Bost.,
$9,000,000
5 ($3,265,500 48)
Am.L.&Tr.; Port. June 1, 1923
& D.
5
1,000
669,000
41 1883
Collateral trust bonds forMt. Desert Branch A Be
86-'87 1,000
4ifl g.
& J. Bos.,2d Nat'l Bk.; Port. July, 1916-17
450,000
Improvem't bonds, "A" & "B," g., not M., s. t
"56 1893
& J. Boston and Portland. Jan. 1, 1933
1,000
1,000,000
4g.
Me. Cent. Eu. <fe No. Am. refunding mort., gold...
& A. Boston, Sec. Nat. Bk. Aug. 1, 1920
4
1,000
1,300,000
48 1890
1st M. Penobscot Shore Line RR. Co., assumed.
Feb. 1, 1921
do
do
&
A.
400,000
5
1891
1,000
48
assuni.BB
(for
$400,000)
K. & L. 2d mortgage
&
O. Bangor, Treas. Office. Apr.l5,'05,2*fl
100
5
2,494,100
120
years
rental
999
c.
stock,
5
Am.
p.
&
N.
European
Q.-F.28 Portland, Me. Cent. Of. Feb. 28, '05, **
2
100
4,392,538
Portland & Ogdens. stock (2 p. o. rental, 999 years) 109
1,000
2,119,000 3ifl&5 M. & N. Bos., 2d Nat'l Bk. &Port Nov. 1, 1908
Con. M., ($800,000 are 3^8) gu. p. & i.end.BB.o 109 1888
J. & J. Portl'd, Me., & Boston. J'ne 27,Jan.29
4
1887-9 1,000
300,000
Portland Un. Station M.,ser. ,yA" & "B" text s.f.
Jan., '05, 2>c%
Dover, Me., Office.
5
J. & J.
100
122,000
17
Dexter & Piscataquis stock 5 p.o. rental 999 years.
J. & J. Bos., 2d Nat'l Bk., Port. July 1, 1929
4
175,000
1,000
17 1889
1st M., Dexter to Dover, etc, guar, by end.BB
M. & N. Portland, Me. Cent. Of. May, 1905, 2%
4
100
800,000
53
Hereford Ry stock (rental 999 years)
M. & N. Boston, 2d Nat'l Bank, Nov. 1, 1930
4
800,000
1,000
53 1890
1st mortgage, guar. p. & i. (endorsed)
Additional amounts were o wnedbythe Co. on July 1, 1904, viz.:
eto See text
b Also $20,253,000 in treas'y or pledged for othe r issu es,
It $100, 000. 1 $4,744,000, ill $43,000.
d $42.000, e $36,000, f $15,000, e $4 24,000 i$93 1,000. j $4 2.000,
C $36,000.
Vidalia. Ga., 194 miles. In Oct., 1904, Atlantic Coast Line
The Pensacola Division bonds are subject to a drawing sinking fund Dublin toacquired
all the stock and bonds. V. 79. p. 2085. In year
interests
$5,000 till 1900, inclusive, then $10,000, and so increasing.
$47,518.-V.79, p. 1462,2085.)
The general mortgage bonds of 1880 are called at 110 to increasing end. June 30, 1904, gross, $222,878; net,
1174.
to Vanoeboro, Me., vl»
1905.
V.
Portland
June
80,
road,
paid
1,
p.
Lineof
will
be
year;
$364,000
Maine
Central
amounts each
In June, 1890, the "unified" mortgage (trustee, Central Trust Com- Augusta, 251 miles; branches. Cumberland Junction to Skowhegan,
pany) for $75,000,000 was authorized, $41,917,660 bonds being re- viaLewiston, 91 miles; Bath to Lewiston and Farmington, 76 miles;
served to retire all prior liens (none of the prior liens can be extended), branches— Belfast, Dexter, Bucksport and Mt. Desert, including ferry,
the balance for improvements, extensions (at the rate of $32,000 per (7-7 miles), 132 miles; Portland & Ogdensburg Ry., Portland, Me., to
Lunenberg, 110 miles small branches, 7 miles; Upper Coos and Heremile, inoluding equipment), and for other purposes. The mortgage covford railways, Quebec Jet., N. H., to Lime Ridge, Quebeo, 108 miles;
ers (besides about 2,200 miles of road and equipment) $10 093,300 stock
lien.
See
Bath to Rockland (inoluding steam ferry, 6-10 miles.) 49 miles total
of companies controlled, and $3,150,000 bonds free from any
abstract of mortgage in V. 51, p. 613; also V. 72, p. 1034, 1188; V.77, June 30, 1904, 824 miles, of which 395 owned, 388 operated under
outstanding,
of
999-year leases, and practically owned; 33 miles operated under 50p. 968. In July, 1904, company reported $52,501,000
which $1,539,000 in treasury, $18,200,000 deposited to secure the year leasee and 8 miles ferry lines.
for
In Jan., 1904, the entire stock of the Washington County Ry., 137
coll. trust 4s of 1903 and $614,000 in sinking funds or deposited
miles, was purchased, its 3>a p. c. bonds (see table above) being' guarother issues. See V. 78, p. 1907.
Mobile <k Montgomery— Louisville & Nashville joint mortgage is for anteed, prin. and int., by end; but road is operated separately. V. 77,
$5,000,000, a first lien on 178*3 miles Mobile to Montgomery; $1,000,- p. 2390; V. 78, p. 103, 820, 989; V. 79, p. 2640.
000 reserved for improvements. V. 61, p. 196, 750.
Stock.— Stock for$2,516,000 owned by Boston & Maine. V. 72, p. 988.
Kentucky Central mortgage abstract V. 45, p. 372.
Dividends. -1884 to July, 1903, 6 p. 0. yearly; since to Apr., 1905,
issue)
are
authorized
($30,000,000
1903
trust
of
4s
collateral
The
secured by deposit of $24,000,000 L. & N. unified 4s, $4,779,000
"bonds.— There are also $81,000 Maine Shore Line 6s, due 1923;
N. Paducah & Memphis division bonds, the latter covering the
L.
Moosehead Lake mortgage bonds, due 1920,
road from Paducah, Ky., to Memphis, Tenn., 254 miles; $2,500,000 L. also $105,500 Belfast & and sinking fund paid out of rental; Ana.
guaranteed, interest
& N. Terminal Co. 4s (V. 75, p. 1354), $4,221,000 South & North not
$11,000, exchangeable for M. C stook. JointAlabama 5s and $500,000 Pensacola & Atlantic 6s; total $36,640,000 & Ken. stock-bonds,
guarantees $300,000 Port. Union Station bonds.
bonds. A proportionate amount of the collateral may be withdrawn ly with B. & M.
Washington County Ry. bonds. See above.
at any time on delivery to the trustee of not less tnan $1,000,- Also guarantees
Report for 1903-4 was in V. 79. p. 2640.
annual Report.—
000 of the bonds. V. 78, p. 1446; V.76, p. 542; V. 78, p. 287, 1446.
t
r>n innn
tani
1 Qfi9.
1901.
1902.
1903.
In 1902 the Louisville <fe Nashville and the Southern Railway ac- Tears end. June 30, 1904
$5,868,547
$6,194,305
$6,541,160
quired $9,796,900 of the $10,500,000 Chicago Indianapolis & Louis- Gross earnings.$6,773,560
1,708,863
1,425,166
1,432,305
ville common and $3,873,400 of the $5,000,000 preferred stock in exNet earnings.... 1,432,017
92,390
153,857
193,324
218,061
change for their Joint 50-year 4 per cent bonds. V. 74, p. 1138; V. 76, Other income..
$1,801,253
p. 593. Of the $15,500,000 joint bonds secured by deposit of this
$1,579,023
$1,625,629
$1,650,078
income.
Net
stock, $1,563,000 are reserved to acquire the remaining "Monon*
$604,222
$643,110
$643,110
$643,110
Lnterest
592,922
stock and $2,110,000 for improvements and enlargements of the Rents
545,876
545,876
545,876
"Monon" at not over $500,000 yearly.
(6)298,554
(6)298,566
(6)298,575
Dividends
(7)348,348
29,440
29,440
29,440
29,440
Finances.— Since July 1, 1894, the "construction aocount" Sinking fund...
200,000
nas been closed. Amount of permanent improvements charged in Charged off
operating expenses in 1903-4 was $1,746,184; 1902-3, $2,000,603 In
$76,115
$62,031
$108,628
$83,305
Bal., eurp...
Feb., 1904, dividends on Nashville Chat. & St. Louis stock ($7,177,600
(V. 78', p. 103, 820; V. 79, p. 1328, 8640; V. 80, p. 600.)
per
cent.
to
increased
5
Feb.,
1905,
owned) were resumed, and in
Owns from Manchester, N. H..to
Manchester Lawrence
In 1905 L. & N. dividend rate was increased from 5 to 6 p. c.
for 50 years from September
Leased
miles.
(State
Line),
Methuen
mort21H
$50,000,000
authorized
a
1905,
Mar.
28,
The stockholders on
Maine
at rental paying 10 p. o. div. In 1895 a
&
Boston
to
miles,
1887,
division,
1,
507
Cincinnati
Knoxville
&
Atlanta
covering
the
gage
div. of 50 p. o. paid from proceeds C. & M. suit.— (V. 73, p. 1264.)
including 20 miles of trackage. Of the bonds, an equal amount will
Manhattan By. (Elevated).—Road—Owns all the elevated railbe reserved to retire at maturity underlying bonds, viz.: Kentucky
Central 4s, $6,742,000; Atlanta Knoxv. & Nor. bonds, $1,500,000; roads in boroughs of Manhattan and the Bronx, N.Y. City, main line
Maysville & Lex. Nor. Div. bonds, $400,000. The portion of line from and branohes, 37*3 miles, doubled-traoked, with 14 miles additional
Livingston to Jellico, 61 miles, is subject to prior lien of unified mort- third track, sidings, eto. V. 70, p. 176. 633. Late in 1902 began using
The elevated porelectric third-rail on entire system. V. 75, p. 733.
gage. V. 80, p. 872.
St. and 3d Ave. to West Farms has
149th
from
Subway
the
of
tion
31.
Earnings.—For half-year ending Deo.
been operated as an extension of the system since Nov. 26, 1904,
Balance.
Charges.
Oth. inc.
Net.
Gross.
6 mos.
pending completion of tunnel under Harlem River. V. 79, p. 2588.
1904
$19,539,365 $6,618,564 $867,283 $3,331,260 $4,154,587
lease.—The Interborough Rapid Transit Co. leases the road for 999
3,418,622
700,507
3,316,794
6.034,909
18,863^230
1903
years from April 1, 1903, guaranteeing 7 p. c. per annum on the stock.
$1,500,against
in
1904,
Dividends of 3 per cent call for $1,800,000
The remaining $4,800,000 stock is not to be issued prior to Jan., 190b.
000 (2*3 per cent) in 1903, leaving balance, surplus, of $2,354,587, V.75, p. 1202, 1254, 1302; V. 76, p. 212; V. 79, p. 2456; also Interagainst $1,918,622 in 1903.
borough Rapid Transit Co., V. 76.p. 101. Guaranty, V. 76, p. 480.
Tor 8'mos. end'g Feb. 28, 1905, gross, $25,474,110, against $25,035,Bonds.— Consolidated mortgage (trustee, Central Trust Co.) is llnuted
443 in 1903-4; net, $8,481,988, against $8,114,699.
present mileage to $40,000,000, and will provide for prior bonoi
on
Report.—Report for 1903-04 in V. 79, p. 1457, 1471; see also p. 1437- when due. Amounts beyond $40,000,000 may be issued for extensions
1901.
1902.
1903.
1904.
per mile of
Year end. June 30.
at the rate of $300,000 per mile of single and $600,000
3,169
3,327
3,439
3,618
Average mileage....
double track. (See abstract of mortgage in V. 51, p. 248, and applio*Freight earnings.. ..$27,348,817 $26,578,621 $22,772,176 $20,419,162 tlonto New York Stock Exchange in V. 52, p. 353.)
6,217,803
5,742,581
7,044,087
Passengers......
7,643,685
To May, 1898, claims aggregating $8,847,854 had been paid as damsee
1,722,278
1, 860,464
1,826,671
Mail, express, etc...
1,951,291
ages to abutting property and other cases were before the oourts. tax
Gross earnings.. ..$36,943,793 $35,449,378 $30,712,257 $28,022,207 Chronicle, V. 66, p. 954, and V. 67, p. 789. Personal property 71.
Oper. expenses
25,141,548 23,970,813 20,902,438 18,233,033 assessment! see V. 66, p. 954; V. 67, p. 222; V. 68, p. 1282. and V. per
9,789,176 p 1120, Taxes in litigation Oct., 1903 (other than franchise tax),
9,809,819
Net earnings
11,802,245 11,478,565
Net,incLinvs't8.,&0 13,437,399 12,601,058 10,810,841 10,493,861 balance sheet. $303,000. V. 76, p. 212.
Since.
$813,538
$832,074
$844,474
Dividends.- > '89 '90-96 '97 »98 '99 1900 '01 '02 1903
.Deduet-Taxes ....
$921,700
79c>yrl>.
4
4
4 7k
4
5,151,736 Since '88. P.Ct. $5^ 6 yrly. 4^ 4
4,987,018
5,184,076
Interest and rent...
5,613,228
Dec.
118,574
125,342
217,060
Adv'sto8.<feN.A.,etO
67,700
In Jan., 1905, 1»« p. o. and 34 p c. extra for the 9 mos. ending^wo,
128,900
141,100
146,600
144,400
Sinking f'd paym'ts.
V. 79, p.
1904; 1% p. c. quarterly to be paid thereafter.
31,
Dividends
(5 )3.000,000 (5) 3,000,000( 5 )2,875.000 (5 )2.695,000
.
Earnings— For 6 mos. ending Deo. 31:
Charges Sal, for <M.
Burp, over divid'ds. $3,688,171 $3,211,048 $1,850,307 $1,586,113
Oth. mc
Net.
Gross.
6 mos.$6,893,713 $4,095,785 $160,500 $1,528,201 ^34,084
Officers.— Chairman, Henry Walters, N. Y.; President, M. H.Smith. 1904
2,628,878
1,429,454
165,886
3,892,446
61596,462
Louisville; 1st Vice-Pres., W. L. Mapother; 2d Vice-Pres., A. W. Mor1903
for 6
riss, 71 B'way, N. Y.-(V. 80, p. 1174, 1235, 1424.)
Dividends payable under lease (3 *» p. c.) call for $1,932,000
LIS
20
5&7
'
NB
.
I
.
BB.—
;
;
;
,.„,..
&
'
—
BK. &
Coal Co.—Owns from Millersburg, Pa., to
Lykens Valley
Wilfianastown, Pa., 20 miles. Lease to Northern Central is terminRental $35,000 per annum.— (V. 64, p. 330.)
able on 60 days' notice.
Birmingham By.— Owns Sofkee Junction to La
Macon
Grange, Ga., 97 miles; trackage Sofkee to Macon, Ga., 8 m. Since
Feb. 1, 1904, operated under direction of Ga. South. & Florida officials
although independently. V. 78, p. 584.
In year 1903-04 gross, $132,132; def under oper. exp., $23,304; int.
on bonds, $25,000, not paid.— (V. 62, p. 1040; V. 78, p. 584.)
Owns road from Maoon via
Macon Dublin Savannah
&
.
&
BB.—
BB.—
&
m
V. 79, p.
ANNOAL Report— Report for year 1903-04 was given in
1S72731, and report for year ending Sept. 30, 1903, in V. 77, p.
1 9° 3
1904.
Tear ending June 30;,o,t
^armqii
$14,187,683 $12,208,337 $10,665,911
aross earnings
5,147,326
6,747,540
8,341,631
exp
operating
Net over
625,800
346,859
341,505
income
Other
2,699,671
2,820,859
2,893,412
Interest, rentals and taxes
—
blrld^d8„._.~r..^T:."(7J3Sra£<6%)3^4^
BaL
(4)1,920,000
after dividends. ...sur.$l,ei3,221 sur.$727,544sur.$l,lo3,4&o
r.
Apr.. 1005.
RAILWAY STOCKS AND BONDS.
J
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of column headings, &o., see notes
Outstanding
Road. Bonds Value
on first page of tables.
55
22
33
14
14
19
137
22
Maine Cen. < Con. ) Up' r Coos RR. stk. ,6%rent.999 y rs
....
1st mort., gnar. p. <fc 1. (endorsed)
Extension M., $21,000 p. m., guar. p. <fc i.(end.)
Dexter & Newport, stook, 5 p.o. from Nov. 25, '98
1st M. (old 6s refund, in 1897) gu. p. & 1. end."
Eastern Maine, stock, 4^ p. ct., rental 999 years
Wash. Co., 1st M., $20,000 p. m., g.. gu., end.,red,
Law.— 8tock,10p.cren'ltilll937,B.&M.
Real estate bonds (not mort.) int. gu. by B.& M-c
Hanch.es.
it
$100
1890
1890
1,000
1,000
1897
mmmm
100
1904
18
32
32
53
9
34
43
49
78
40
84
84
378
37
23
.
1st mort., $1,200,000, gold, call at 105.MeBa.o*
Inc. M., $900,000, 4% cum., call at par.MBa...
Mason City <& Pi. D.— IstM., $12,000,000, g.Ce.cfcr
Massawippi—Stock guar, samediv. as Conn.&Pass
Meadville Oonneaut Lakedt Linesville— 1st M
Mexican Central— IstM.
(unassented) inclu. scrip
....
Priority bonds, gold, red. at 110
Consol. mortgage, $32,000 per m., gold.BB.o*<ftr 2,689
1st cons. Ino. & sorip,n.-oum.($9,600p.m.),g.ABc* 2,689
2dcon.ino.$6,400p.m.red.at50%toAug.'29ABc* 2,689
Registered income bonds and scrip, unassented.
OolLtr. bonds, g., sec. by cons. 4s, oall par.MStC
ColL trust notes, $10,000,000 auth., text
....
1,000
100
1892
37
Manhattan (Elevated) Ry.,N. T. -Stock, $60,000,000
Metropol. El. 1st M., $600,000 p.m.,ass'd.g.Ce.c*
N. Y. El. deb., secured by consol. mort. of 1890.
Manhattan Elevated consol. mort., gold.Ce.o*Ar.
Manis. Mara. <£ North'n-lst M., $1,500,000, gold.
Man. <l Pikes' Peak Ry.- IstM., $500,000, g.Mp.c
Mar.di Phoenix d S.Riv.Tal.RR.—M.& P.lst M.,g..c
M.& P.& S. R.V.M., g., $750,000 (V.67,p.l 357) Fc
Marietta Ool. dt OlevtV'd-lBt M $250,000, Kold.K
Md. D. £ To. -1st M., $2.000,000 auth., g., gii. p.& i.
Maryland <6 Penn.— York & Peach Bot. mortgage..
,
100
1,000
Yr.Rep.30. Passengers.
1899-00.. 183,788,851 1901-02.. 223,427,283
1900-01.. 194,152,316 1902-03.. 255,565,390
(V. 78, p. 989, 1781; V. 79, p. 731, 2205, 2456, 2588.)
Northern
Manlstlque, Mich.,
Manlstlque Marquette
on Lake Michigan, northerly to Shingleton, on the Duluth So. Shore
Atlantic, 40 miles, with branch to McNeil's, 13 miles; V. 75, p. 185.
Operates a oar ferry between Manlstlque and Northport, on the Traverse City Leelenau & Manlstlque RR., and also one between Manlstlque and Ludington on Pere Marquette RR., the latter operating the
road with i ight of purchase. V. 78, p. 2012; V. 74. p. 776; V. 76, p. 810.
stocks, Bonds, Etc.— Stock, $2,000,000, all outstanding. The unissued 5s of 1902 (authorized issue of $1,500,000; Union Trust Co. of
Detroit, mortgage trustee) are applicable to an additional car ferry,
equipment, improvements, etc. V. 75, p. 185. For year ending Deo. 31,
1903: Uross earns., $130,936; net, $1,890; lnt on bonds, $51,667; def .,
$49,776. Pres., E. F. Blomeyer; Sec, J. Goldbanm.— (V. 78, p. 2012.)
Manistee
Grand Rapids
Manistee to Hartwick, Mich.,
63 miles; Filer City to Sands, 2 miles; total, 65 miles. Extension
from Hartwick to Marion, 10 miles, will be completed about Feb.,
1905. Extension projected from Manistee to Grand Rapids, 116 miles.
In Oct., 1904, Chicago parties secured control. V. 79, p. 1642. Stock
authorized, $1,000,000; outstanding, $450,000; par 01 shares, $100.
Bonds, $100,000 first 5s, due annually 1902-05. President, J. Crocker,
Chicago, 111.; Vice- Pres. and Gen. Mgr., Max Toltz.; Sec- W. M. Simpson: Treas., B. C. Sammons. Office, Manistee, Mich.— (V.79, p. 2588.)
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. In Apr., 1905,
all coupons due had been paid. For year ending June 30, 1903, gross,
$107,267; net. $58,393 total deductions, $27,187; bal., sur., $31,206.
President, C. W. Sells; V.-P. and Treas., Z. G. Simmons; Sec, J. B.
Glasser. Office, Manitou, Col.— (V. 71, p. 646.)
Yr. Sep. 30. Passengers.
1897-98.-179,728,356
1898-99.-177,204,558
I
I
—
&
RR,-
A
&
KR.—
&
;
Maricopa A Phoenix
&.
Salt
River Valley
RR.—Maricopa
to Phoenix, Ariz, 36 miles ; Tempe to Mesa, 7 miles; total, 43 miles.
Stock, $1,000,000; par, $100; of which Southern Pacific Co. owns
$510,000. Bonds, see table above. V. 67, p. 1357. Year ending June
30, 1902, gross, $158,185; net, $46,088; int. on bonds, $36,300; taxes.
$5,650; bal., sur., $4,138.— (V. 77, p. 2280.)
&
Marietta Columbus
Cleveland RR.— Owns from Moore's
Junction to Palos, Ohio, 42-08 miles; branches, 7-42 miles; trackage
to Marietta, 3-20 miles. V. 71, p. 810, 1012. Stock, $250,000. For 9
mos. ending June 30, 1903, gross, $56,871; net, $5,519. Pres., D. I.
Roberts. N. Y; Treas.,
,'
James
T. Blair, Greenville,
Pa.— (V^75,
p. 793.)
Maryland Delaware^ Virginia'.Ry.— Operates^Queenstown
Md., to Lewes, Del., and Rehoboth Beach on Atlantio Ocean, 60 miles
of which Lewes to Rehoboth, 6 miles, is Pennsylvania traokage;
branches, Queenstown to Centerville, 6 miles, andQueenstown to Love
Point, 12 miles; total, 84 miles. Also owns 17 steamers running
between Baltimore, Washington, points on the Potomac River, the
Rappahanook River and Norfolk. A consolidation as of Feb. 1, 1905,
in the interest of the Pennsylvania RR., by merger after foreclosure
of Queen Anne's RR. with the Weems and Chester River SS. cos. V.
79, p. 1642, 1704, 2589; V. 80, p. 600
Stock, $3,000,000, of which one half part 4 p. c. non-cumulative; par
of shares, $100 eaoh. The Baltimore Chesapeake & Atlantic owns a
majority of the stock and guarantees bonds. V. 80, p.711, 1058.
Maryland Pennsylvania
Baltimore, Md., to York, Pa
80 miles, with branch, Delta to Peach Bottom, 4 m. V. 72, p. 339.
Stock and Bonds.— stock authorized, $3,600,000, of which $1,997,500 reserved for future requirements. In 1902 the authorized issue of
the first 4s was reduced from $2,700,000 to $1,200,000, of which
8203,000 are reserved to retire the York and Peaoh Bottom 5s and
$97,000 additional for future purposes, <fec V. 74, p. 94, 427; V 79 p
2205. Paid on lnoomes 1901, 3 p. c; since to 1904, lnol., 4 yearly!
Earningb-12 mos. \ 1904-5
Grose, $312,541; net, $90,876
Mar. 1 to Feb. 28.
) 1903-4
Gross 309 358 net 92 447
Surplus over oharges, $4tt,72d, against $51,948 in 1903-4.
Report.— Report for year ending Deo. 31, 1904, in V. 80, p. 651,711,
W
3 ^' 3 " 5 net ' $89,923; int. on bonds, etc., $82,785;
!
&i
2? ^I'c*
bal., sur.,
$7,ld8. Pres., John
Wilson Brown— (V. 80, p. 711, 1235.)
Tflason City
Ft. Dodge Hit.— See Map Chicago Great
wa^ rciaafroui Oelweln, la., to Council Bluffs, 260 miles;
w frt^A'\^°
d>
Dn - t0
° larl011 Ia -- 100 m.: branches do Lehigh and Coalftf£ ro
acka g e Council Bluffs to South Omaha, 7 m.; total,
¥*k mit'
t?' /,y
rea We8tern ovm * the entire stock (author*$£{28?8£&
fzed
.S
d It'nt
U
0,000 000)aad
P er ate8 the road as part of Its main
ifn £wV, ,»»^
n< er an
reem
ent dated Apr. 1, 1901, running for
io«v««r« ^n'i later
J
.modified, which provides that the Mason City &
i?i ?£?~ IE,
ii
.kail receive 6u p. c of all earnings
from business internh"J£«.f
1 8
°\ .net~ earnln K 8 after payment of interest on
bonds w'to h?*!,.!??
? Uit
B
by C
W> tor
of future coupons.
in 190? *ift2 omwil2w
°0.°00 four p. o. ?•
bonds were sold. Compare Chicago
JitiuJ
•V
Great Western
Ry.
and
V.• 73,
•-. P-566, 616, 722; V. 77, p. 640. V.78, p.
1700 In year
1782.
t«»
endi«"
d
U
(252 aVCrage mll ) gr ° 88 $937
054; "net,
et *°
'
'
$.120,719.
7? .-fv. 8^ l°L3%t)
r
,P
a Ilejr K,r Provrinoe Llne t0 Lenoxville, QucTsi
i'.? a
3
.
1
tra i~
a S e to Sherbrooke, Que., 3m. total, 40
'
T
miles. Leased for 999 years $?
from July
1, '70, to the Connecticut & Pas-
&
RR.—
,
:
&
t
^
.
;
-
'
M
i
w
-
P^™^
'
^
m^*wHr
Ay
ViL^S^Qoo
-
5
2,500,000
1,000,000
274,000
55,200,000
10,818,000
1,000,000
28,065,000
1,100,000
500,000
100
1878 * & $
1886
1,000
1890 1,000&C
1902
1,000
1891
1,000
1886
540,000
1,000
1895
1,000
78,000
1900
1,000
250,000
1905
2,000,000
1,000
1882 5o, &o
202,450
1901
900,000
1,000
1901
900.000
1,000
1905
1,000
12,000,000
100
800,000
1891
1,000
200,000
1881
1,000
275,000
1889
1,000
See text.
1889
1,000
66,897,000
1889
1,000
20,567,000
1889
1,000
11,282,000
1881
1,000
359.200
1902
10,000,000
1,000
1904
10,000,000
Manhattan By.— (Concluded.)
Yr.8ep.30. Passengers.
$350,000
350.000
693,000
122,000
175,000
200.000
1591
Bonds- Prinu.INTEREST OR DIVIDENDS.
pal.When Duo.
Rate per When Where Payable, and by Stock*—Last
Payable
Cent.
Whom.
Dividend.
& N. Portland, Me., Office. May, 1905. 3%
& N. Bost., 2d.Nat. Bk.; Port. May 1, 1930
& N. Portland, Me., Office. May 1, 1930
J. & J. Treas'rs Office.Portland Jan., *05, 2ia%
5
M. & S. See. N. Bk.,Bos.& Portl. Sept. 1, 1917
4
4ia
M. & N. Rockland, Me., Office. May, '05, 2^4%
3iag. J. & J. Treas.off., Portland.Me. Jan. 1, 1954
M. & N. Manchester and Boston. May 1, '05, 5%
10
Boston, B. & M. RR.
4
J. & J.
Jan. 1, 1922
N. Y., 195 Broadway. Apr. 1, '05,1%
Q.-J.
7
6g. J. & J. N. Y., Mercantile Tr. Co. July 1, 1908
M. & S. N. Y., Mercantile Tr.Co. Mch. 1, 1916
5
do
do
Apr. 1, 1990
4g. A. & O.
5g. M. & N. Union Tr. Co., Detroit. May 1, 1952
A. & O.
See text.
5
Oot. 1, 1909
6g. M. & N. N. Y., Farm. L. &Tr. Co. Nov, 1, 1916
do
do
Deo. 23, 1925
5g. M. & N.
M. & N. N. Y., Knlck. Trust Co Nov. 1, 1940
F.
&
A.
Feb. 1, 1955
5 gM. & 8. 1st Nat. Bk., York. Pa. Apr. 1, 1932
5
4g. M. & S. N.Y.,Brown Bros.&Balt Mch. 1, 1951
4 In 1903 A. & O.
do
do
Apr. 1, 1951
New York.
June 1, 1955
g J. & D.
P. & A. Boston, S. D. & Tr. Co. Feb. 1, *05.3%
i
5
J. & J. Mer. Nt. Bk., Meadv.Pa. July 1, 1921
J. & J. Boston.SafeDep.&Tr.Co July 1, 1911
(7) 4
& J
July 1, 1939
5g.
do
& J
do
July 1, 1911
2 g>
M.
M.
M.
6
4
4i«
-
g
None
July 10
-
Julyl
3
4ifig.
F.
6
J.
&
&
Jan. 10, 1939
Jan. 10, 1939
paid.
do
do
i
A.
J.
July
York. Feb.
N.Y.,oo*80ffi.,25 Br'dSt. Jan.
St.
Louis
& New
1,
1,
1,
1911
1907
1907
sumpsio Rivers RR. Stook, $800,000; par of shares $100; dividends
payable Feb. and Aug. 1. Dividends formerly 5 p. c; 6 p. o. since
Jan. 1, 1897. Of the stock, $400,000 owned by the Conn.
Pass. River
Is deposited under its mortgage and $50,000 is represented by
Connecticut Trust & Safe Deposit Co. of Hartford 5 per cent trust oertifloates.
(See Supplement of October. 1901.)
Meadville Conneaut Lake A- Llnesville.—Meadville to Linesviile, Pa., 21 miles, and branches, 2 miles; total, 23 miles. Leased to
June 8, 1989, to Pittsburg Bessemer & Lake Erie RR.; rental, 25 per
cent of gross earnings. Stock, $200,000; par, $50.
Mexican Central Ry. Limited (Mexico).— (See Map.)—Operates Mexico City north to Juarez City, with branches, viz.;
&
Owned—
Mexico City to Juarez
Mexico to Rio Balsas
Ohlcalote to Tampico
Tampico to Trevino
Miles.
City.. 1,224
Owned—
Miles.
Jimenez to Rosario
96
181 Other branches
385
407
Leased—
370 Mexico Union Ry
11
Branch, Irapuato to Ameca
217 Bar extension (Tampico to
Branch, Guadalajara to TuxLaBarra)
6
120
pan
138
Total July 1, 1904
San Pedro to Paredon
3.155
In Jan., 1905, an extension was proposed from Lecherla, near City of
Mexico, to near Tampico, 225 m., including the Paohuoa Zacaultipan
& Tampico Ry. (purchased), Sandoval to Apulco, etc, about 62 miles,
the unconstructed portion carrying a subsidy in 5% Mexican Government silver bonds at $10,000 per mile, the Mexico Cuernavaoa &
Pacific, Mexico to Balsas River, 181 miles, was acquired by deed on
Nov. 12, 1902, and extension is projected to Acapulco.— (V. 73, p. 337,
957; V. 74, p. 729, 1035, 1196
The Coahuila
V. 75, p. 981, 1203.)
& Pacific RR., Saltilto to Torreon, Mex., 200 miles, was acquired in
.
;
1905.
See Stock below.
Organization.—Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Government. Debt readjusted in 1889— see V. 48, p. 191, 292, 327. See
also Mexican Cent. Ry. Securities Co., Limited, below. In Mar., 1901,
a syndicate headed by H. Clav Pierce of St. Louis aoqulred a majority
of the stook.
V. 72, p. 627, 873; V. 75. p. 29; V. 77, p. 299, 401.
Subsidy.—The balance of the subsidy trust fund in the hands of the
trustee for the payment of Interest, if needed, on 1st consol. 4s, on
June 30, 1904, consisted of $4,386,000 of priority mortgage bonds at
cost, $4,797,914,and $1,857 cash. The fund was drawn upon during
the 18 mos. ending June 30, 1904, as follows: to pay interest in year
1903, $450,000; Jan., 1904, interest, $1,325,160; July, 1904, interest,
$1,327,560; depreciation in value of securities sold, etc., $146,301;
total deductions, $3,249,021.
Stock.—Auth., $25,600 per mile; outstand., $47,970,100, par $100.
The stockholders will vote May 3, 1905, on authorizing the issue of
Pacific RR. and
$625,000 stook in part payment for the Coahuila
increasing the limit of stock to $32,000 per mile. V. 80, p. 1479.
Bonds.—Of the authorized issue of $8,000,000 priority bonds $1,403,000 were paid off with proceeds of subsidy collections, and
canceled In 1891; $1,000,000 was Issued In 1904 for additional
rolling stook; the balance, $5,597,000, was held as an Investment by
the trustee of the consolidated mortgage, but of this $1,211,000 was
withdrawn to pay. In connection with the balance of the subsidy
fund, the July, 1904, coupon on the consol. 4s. See V. 52, p. 390; V.
79, p. 103. (See abstract of mortgage In Chronicle, V. 49, p. 177.)
Both series of lnoomes are non-oum. and seoured by one indenture to
the American L. & T. Co. of Boston. First incomes received 3 p. o.
interest in 1890, 1891 and 1892 none since. V. 72, p. 627, 880.
In 1904, in addition to the $66,897,000 consol. 4s shown above,
$33,341,000 had been certified by the trustee, of which $16,129,000
were held as collateral for 4ig per cent bonds and about $16,000,000
for 6 p. c notes of 1904. V. 79, p. 267. See Mex. Securities Co. below.
In February, 1902, the company issued $10,000,000 collateral trust
5-year 4% per cent bonds, seoured by $16,129,000 consolidated 4s,
held in the treasury, the proceeds of which were used to retire the
$6,000,000 notes issued In payment of Monterey & Mexioan Gulf RR.,
the balance to be applied to 137-mile extension of that road to main
line, payment of about $2,000,000 floating debt, Improvements, etc
See V. 73, p. 957; V. 74, p. 205, 728; V. 75, p. 29.
In July, 1904, $10,000,000 6 per cent 2ia-yr. notes were sold to pay
the floating debt. They are secured by deposit of about $16,000,000
consol. 4s, $2,500,000 Tampico harbor bonds an! $1,200,000 priority
bonds. V. 79, p. 103, 269. 627.
Deposits.— In Jan 1905, a large amount of 4 p. o. bonds had been
deposited at the request of Kuhn Loeb
Co. of New
Co., Spever
York, and Speyer Bros, of London, V. 78, p. 1962, 2012; V. 79, p.2588.
Earnings.— Mexican our. ) '04-5. .Gross, $16,764,692; net, $5,107,043
July 1 to Feb. 28 (8 mos.) S '03-4. .Gross, 16,770,424; net, 3,870,365
Annual Report— Flsoal year changed to end June 30. Report for
18 mos. ending June 30, 1904, was in V. 80, p. 159, 220. The gross
earnings below are Mexican exirreney; all other figures TJ. S. currency
Mexioan dollars averaged 43-72 ots. in 18 mos. ending June 30, 1904,
42-16 ots. in oalendar year 1902 and 47-82 ots. in 1901.
&
;
,
&
Cat. year
is02.
''
Gross earnings (Mex cur.). ..$21,132,227
Operating expenses
16,170.621
Net earns. (Mex.
do
do
cur.),
(0. S. cur.).
?5,061,60(!
2,613.381
Cal.ytar
19C3.
$26,064,354
18,941,205
$6,128,149
2,698,556
&
6 mos. end. "IS mos. end.
Jutie 30,04. JimeSO.'Oi
$38,548,507
$13,484,153
K8.960.979
10.009.774
..
$3,474,379
1,579,896;
$9,597.S8S
4,178.462
1502
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
—
I
r
-
:
RAILWAY STOCKS AND BONDS.
Ape., 1905.]
RAILROADS.
For explanation of column headings,
on first page of tables.
«feo.,
see notes
Mex. Cent.—( Con.)— Equlp.5s, $50,000 red y'rly.par
o"
do ($50,000 yearly); rel 102>s beg/10 OB....
Mex Mineral-lBt M., $500,000, g., red. llO.s.f.Mo
Mex. Int.-Pr. lien,£l,200,000,rea.atpar.Un.xo*.fer
let oon. M., $16,000,000, g., not guar.IrIp.xo*<fcr
Do
g., gu. stp., sub. to call 95 to Mch., '07.
Income 4% bonds (no mort.) non-cumulative
Miles
of
Date
81ze, or
of
Par
1897
1899
1899
1897
1897
1897
$1,000
1,000
Amount
Road. Bonds Value. Outstanding
....
16
615
880
880
$650,000
700,000
b 340,000
5,850,000
1.033,000
6,470,000
4,499,000
£100<feo
$500&c.
500 Ac
,
Mexican Xational^Bee NATIONAL RR. of Mexi
No.— 1st M., U.S. gold, s.f. not oalled.Mo.o*<fcr
1890
83
Mexican Railtvay, Limited— Ordinary shares
....
•
228
228
G
270
115
152
152
84
39
do
bonds without coupons.
mort on Grand River Val.RR.Un
o*
C. 1st mort. on Kalamazoo & S. Haven. 17 n..r
M. C. 1st M. Term. $1,500,000 (V. 64, p. 886).e<fer
Mich. Cent. 1st M. on Jack. Lans. Saginaw, g.,o*<fer
do
C. 1st
350
Jack.Lans.& Sag. stock, 3*$ p.c. y'rly, guar.by end.
Grand Rlvar Valley stock, rental in perpetuity...
Bay City & Bat. C. 1st M., g., gu.p.& i. end.Mp..o*
84
18
41
45
13
Bat. C. & Sturgis 1st M., g., gu. p. &i. end.Mp.c*
Joliet & North.Indiana 1st M., guar. p.&l. (end.).c
Middletown tJn.O: W. Oap— 1st M., ext.ln'86
o*
2d mortgage, int. guar. ext. in 1896 (see text)..o*
of $661,000 held
*•
321
0*<kr
1st mortgage, $18,000,000, gold.
M. C. Michigan Air Line, 1st mortgage. T n. . cfer
M.C.lst M. on Det. & Bay City ($4,000,000). Un.o
a Exclusive
b$l
by sinking fund.
INCOME ACCOUKT FOR 18 MONTHS ENDING JUHB
(U. 8. CBBBKNCT.)
Net earnings
Balance from 1902
3,597
207,535
Int.onTamptcoHarb Co.bds.
Withdr'n from subsidy fund 8.102,720
Total
§7,492,294
:0,
1904.
A mt. ret'd to eub'y fund '03.
Deficit & premium account.
Miscellaneous interest
Bond acct., incl. dlsc't, etc..
Amt. from inc.for disc t. &c.
Int. on equip, trust notes
$3,r97
7*,845
49".269
527.434
flCO.000
.
;
,
posited was exchanged for £102 "A" and £102 "B" debenture
4 per cent stock, 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.
Smithers, trustees. Issued £3,848,460 each of "A" and "B-," interest
on "A'' is payable Jan. and July 15 in London; on ''B" same, if
earned, otherwise cumulative; par, £100.
Frederick M. Spankie,
Secretary, 3 Graceohuroh Street, London, E.
(V. 68, p. 331, 524.)
Mexican International Hit.— (See Map, page 1602) —Owns in
Mexico a standard gauge road from Eagle Pass, Tex. (where connection!* made with the Southern Paoiflo), and Ciudad Porflrio Diaz, via
Torreon, on Mexican Central, to Durango, 540 m., with branches, 90
in.; Reata to Monterey, 72 m.; branch to Tlahualilo, 43 m.; new branch,
extension Durango to Tepehuanes via Santiago Papasqularo, 135
miles, completed in 1902; total, 880 miles. Extension proposed to
Mazatlan, on the Paoiflo Coast. Organized under laws of Connecticut.
In April, 1902, control of the road ($15,786,100 of the stock and
all of the $4,499,000 income bonds) was taken over by the National
RR. of Mexico as per plan V. 73, p. 784. See V. 76, p. 1192.
Stock.— Authorized $25,000,000; issued Jan., 1904, $20,708,200.
Bonds.— In 1897 reorganized, reducing fixed charges on 659
miles from $605,360 to about $448,650.
Of consol. 4s $2,497,000
were la Jan., 1904, reserved for extensions at $10,000 per mile and
improvements. The total issue of consols is limited to $16,000,000.
The National RR. of Mexioo under agreement of June 30, 1902, has
stamped $6,470,000;of the consols as guaranteed , principal and interest,
these being also subject to call at 95 and interest on or before Mar. 1,
1907. V. 75, p. 185. Of the oonsols, $3,000,000 are deposited as collateral for the National RR. of Mexico 5 p. o. notes. V. 77, p. 769.
Prior lien 413s, see 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.
Dividend on incomes, 4 p.c, was paid for 1902 to 1904, inclusive.
Earnings— Mex. our'cy. ) 1904.. ..Gross, $6,891,197; net, $2,812,021
Jan. 1 to Dec. 31, 12 mos. $ 1903.... Gross, 7.091,827; net, 2,839,423
Annual Report.—Report for year ending Deo. 31, 1903, was given at
length in V.78, p. 2008, 2016; see also editorial, p.1989. In 1903, gross
on average of 879 miles, $7,091,827 (Mexican currenoy); net, $2,786,357; in U. S. money, net, including other income, $1,173,056; int. on
bonds, $549,031; niisotllaneous (net) items, credit, $30,814: interest
on incomes, $179,960; bal., surplus, $474,879. Pre*., E. N. Brown.
N. Y. office. 30 Pine St.-(V. 77, p. 769; V. 78, p. 2008, 201 6.)
Mexican National
See National RR. of Mexico.
C—
RR.—
Mexican Northern Ry.— Owns from
Escalon, Mexico, on the
Mexican Central Ry., to Sierra Mojada, 83 miles, all steel.
Stock.—Capital stock is $3,000,000; par of shares $100; see appli
cation for listing on N. Y. Stook Exchange in full, V. 64, p. 619.
Dividends.. > 1892. 1893. 1894. 1895 99. '00. '01.1902.
1903.
Percent...? 6^
6^
6
4 yearly. 5
4*3
119
2
in Deo., 1903, dividends suspended for the present; V. 77, p. 2098.
B0ND8.-The mortgage is for $1,660,000, of which $621,000 held by
the sinking fund In Dec, 1903. See V. 60, p. 482.
Annual Report.— Earnings as follows in U. S. currency
Nel
Other inc. Charges.
Divid. Surplus.
tT^ZTk.
m „9 ross
ItA^i'-'-^PH 25 $1*9,528 $41,033 $114,257 $15,000 sur.$6i;304
-
K'^
200,888 107,347 30,849 110,056
60.00D def.$31,860
1
l
4
124 753 34 597 H2.707 105,000 def. 58,357
--o?£H
-< V. "^n'
70, p.
280; V. ;L
72, p. 581, 1011; V. 74, p, 1089 V. 77, p. 2098.)
Mexican Ky.— ttexican Southern Ry.— See page 1683.
1
Cc n tral nn.—(StK. nap adjoining New York Central
..i^, ?"^*.™
E
R o AD --Main line- Kensington to Detroit, 270 miles
£»% iv,
°f
Wln a80 t0 Suspension Bridge (Canada Southern),
226 miles;
?£„i
6
J^L™!",™11 ?. 6, 1''9 Into
^HS?- Branches owned and leased 1,143 miles
Chicago
under perpetual lease, 14 miles; total,
January 11, 1904, 1,653 miles. There are 380 miles
of second track
m
f 8lde ^acks.
In
Feb., 1902, Jointly with Lake Shore
a <.,}'C 7 a 00 w ve Detr » lt Toledo
Milwaukee
RR., Allegan to
&
»
n,UHi
\n », ?4
Dundee,
Mich.,
133 miles.
V. 74, p. 379; V. 76, p. 1026.
'
>
;
H
''
.
1
t^X
A
i^
,
;
.
£
si zation.
Dec, 1901, V.
73,
4
g.
M.
M.
M.
<fe
&
&
&
&
O.
do
do
Oct.
A. N. Y., Morton Trust Co.
London. Speyer Bros.
8.
N. Y., Speyer & Co.
S.
S.
for 03 Sept. 1
£10
£10
£10
£10
33«,«66
Deduct—
J28..33
TamplcoHarb. Co.rent.acct. $?4 1,722 Bettermeuts A improv'm'ts
114376
Int.on equip. & col. b% bonds
675,nno
$7.49.294
Int. on collat. 4k, % bonds....
Total deductions
3,992 853 Balance
None
Int. on mortgage bonds
Chairman of Board, H. Clay Pierce Pres't, A. A. Robinson.
Executive Committee: H.Clay Pierce (Chairman of Board) A. A. Robinson, F. H. Prince, 0. D. Simpson, Eben Richards, E. N. Foss
Office, 25 Broad 8t., New York. Directors. May, 1904, V.78, p. 2012.
-(V. 79, p. 2588; V. 80, p. 117, 159, 163,220, 1059,1174,1424,1479.)
Mexican Central Ky. Securit!es Co., Limited.—This depositary oompany was formed In 1899, per plan In V. 68, p. 331, to acquire
the 4 per cent consols of the Mexican Central Ry. Each $1 ,000 bond de-
-
A.
F.
1,000
•
Deductions- (Con eluded) —
$4,l7N.45'i
g.
6 g.
4Hs g.
5
a999,000
6g.
£2.254,720
£2,554,100 See text.
£1,011,960
6
£2,000,000
£1,000,000 See text.
1896
4
£700,000
1896
4
£590,711
100 cl8.738.000 4 in 1904
3iag.
1902 l.OOO&c 13,000,000
1890 l.OOO&c
4
2,600,000
1881
1,000
4,000,000
|
1881 l.OOO&c
I
I
•79-'86
1,000
1,500,000
6
l.OOO&c
1889
700,000
5
1896 l.OOO&c
725,000
4g.
1901
1,000
3*2g.
1,800,000
3J«
100
2,000,000
100
491,200
5
1889
1,000
250,000
3 g1889
1,000
421,000
3 g1877
1,000
800,000
7
1866 100 &c
150,000
5 g1871 500 &c.
250,000
5
O.OCO add'l in sink. fd. c Of which
* .
1st preference stock, 8 per cent
2d preference stock, 6 percent
Perpetual 6 per cent debenture stock
Mexican So. Ry., Lim.— Ordinary shs., £1,000,000.
1st M. 4% deb. stock to be red. 110 Feb.l. (Text)
2d M. 4% deb. stock, £600,000 red. at par, 90 y'rs
M.
M.
Bonds— frinciINTEREST OR DIVIDENDS.
pal.When Dae.
When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
5g. A. & O. 01.Col.T.Co.,Bos.&Lon. Apr. 1, 1917
Rate per
do
do
Aug.
1,
1,
Sept. 1,
Sept. 1,
Sept. 1,
Own'dbyNa.RR.ofMex.
1919
1919
1947
1977
1977
20.
Mex.
Michigan Central— Stock.
1593
Leases, &c-Re-inoorporated under general law in
The N. Y. C. & H. R. RR. Co. In April, If 98,
& D. N. Y., office, 82 Beaver Deo. 1, 1910
M. & N. Glyn, M. C. & Co., Lon. Nov.24,'04,3%
J. & J. Glyn, M. O. & Co., Lon.
Perpetual.
Checks mailed.
See text
May 9, '04, l*a
F. & A.
F. & A.
J. & J. N. Y. Gr. Cent. Station. Jau.28,'05,2%
M. & N Reg.at G.C.S; cp.atG.T. May 1, 1952
J. & J. Rg.atG.C.S.; cp.atU.Tr. Jan. 1, 1940
M. & S. N. Y., Union Trust Co. Mch. 1, 1931
Q.-M. N.Y-.Gr'd Cent. Station. Moh. 1, 1931
M. & S. N. Y., Union Trust Co. Sept. 1, 1909
M. & N. N. Y., Gr. Cent. Stat'n. Nov. 1, 1939
J. & J. Rg.atG.C.8.;cp.atU.Tr. July 1, 1941
M. & 8. Rg.atG.C.S.; cp.atG.Tr. Sept. 1, 1951
M. & S. N. Y., Gr. Cent. Station. Mar.l, '05, 1%
Jackson, Mich.
J. & J.
Jan., '05, 2ifl%
J. & D. N. Y., Union Trust Co. Deo. 1, 1989
J. & D.
do
do
Dec 1, 1989
J./oJ./o N. Y., Farm. L.&Tr. Co. July 10, 1907
M. & N. N. Y., N. Y. Susq. & W. Nov. 1, 1911
do
do
June 1. 1910
J. & D.
J.
$16,814 ,300 held by N. Y. C.
&
H. R. RR. Co.
gave $115 in its 3 Hj per oent 100-year gold bonds for $100 in stock,
and so in 1903 held $16,814,300 of the $18,738,000 stook issued.
Canada Southern New Contract.—See that company.
Dividends. ) '83 '84 '85-86 '87-89 '90 '91 '92-94 '95 to Jan.,'05
nil. 4 yearly 5
5 5*a y'rly
Per oent— > 5
3
4 yearly
Bonds.—Battle Creek <& Sturgis bonds for $500,000, but of this $79,000 was sub-guaranteed by the Lake Shore & Michigan Southern, 7
miles of tne B. C. & 8. Deing operated by that oompany. The $1,800,000 3 ks of 1901 are a first mortgage on the Jackson Lansinar &
Saginaw RR., 350 miles (V. 73, p. 1061; V. 76, p. 1027.) Of the$18,000,000 3^8 of 1902. $10,000,000 were sold to retire first 5s and 7s, $3,000,000 additional being sold; $5,000,000 reserved for additions,
etc V. 74, p. 72K; V. 76, p. 10V-; V. 77, p 1874.
Statement for 1904, partly estimated, was In V. 79, p. 2744.
Annual Report.— Report for 1903 was in V. 78, p. 1778.
1904.
1903.
1902
Tear ending Dec. 31.
$2i,C00,000 $22,552,201 $19,045,083
Gross earnings
17.861,000 18.862,320 15,467,504
Op. exp. and taxes
Net earnings
$3,339,000 $3,699,881 $3,577,579
Net, inol'g other ino
3,401,000
3,744,813
3,631,592
Rentals paid
166,310
184,310
)
Interest on debt
>*2,531,000
1,978,642
2.026,468
Can. Southern share
355.088
310,168
)
Dividends
(4)749,520 (4)749,520 (4)749,520
Surplus
$120,460
$495,253
$361,126
* Includes Canada So. rental, in 1904, $375,000 in place of Can. So.
share In previous share. Pres., Wm. H. Newman, N. Y. -tV. 80, p. 600.)
Middletown Union? tile & Water Gap Kit.- (See Map N. I.
<6 Western.)—Owns from Middletown, N. Y., to Unionville,
N. Y., 13-65 miles. Stock, $149,850; par, $50. Controlled through
ownership of stook by New York Susquehanna & Western, whioh
Suscniehanna
pays interest on bonds. In year ending June 30, 1904, gross, $51,060;
net, $12,369 charges $22,261; bal., defloit, $9,892.— (V. 64, p. 664.)
;
Midland Valley RR.—Owns and operates from Excelsior, Ark.,
south to Hoye, Ark., and north to Fidelity, Ark., also from Excelsior
west to Skiatook, I. T., a total of 210 milep. Extension is projected
from Boles, Ark through Caddo Gap to southern boundary of Montgomery Co., Ark., 55 miles. Under construction from Skiatook, I. T..
to Pawhuska, 34 miles, and further extension contemplated into Kansas during 1905. Also owns about 18,000 acres of coal lands and controls tonnage from 30,000 additional. See V. 78, p. 702, 1109.
,
Stock authorized, $9,000,000; outstanding, April, 1905, $3,724,600;
Bonds are subject to call at 107 ** to and including
Pres., Charles E. Ingersoll; S^o and Treas H. E. Yar
nail. Office, Girard Trust Bldg., Philadelphia.— (V. 60, p. 472 )
par of shares, $50.
Jan. 1,1910.
Mill Creek
.
& Mine
RR.—
Mill Creek Jo. to
Hill Navigation <fc
Pa., 6'3 miles; branoh 3'3; 2d traok 3-8 m.; total track,
34-6 miles. Leased in 1861 for 999 years to Phila.
Read. RR., lease
assumed in 1896 by Phila.
Read. Railway; rental $33,000 and taxes.
Broad Mtn.,
&
&
&
Millen
Southwestern Ry.— Owns Millen, Ga., to Vidalia, 53
miles, of which 21 miles from Stillmore to Vidalia completed in 1904.
Stook, June 30, 1903, $39,000. Of the bonds, $1,000 per mile is reserved for improvements on present line and $5,000 per mile for extensions. V. 80, p. 1424. For year ending June SO, 1904 (32 miles),
gross, $60,198; net, $19, 5^4. President. D. B. Durden; Gen. Mgr.,Sec
and Treas., Frank R. Durden, Monte, Ga.— (V. 80, p. 1424.)
Milwaukee Lake Winnebago
(See Wisconsin Central.)
Mine Hill
Schnylkill
From Schuylkill Haven
to Ashland and Enterprise Jot., 69 miles; 2d track, 21 m.; total traok,
136 miles. In 1897 rental reduced to 6 p. 0. on stook under new lease
for 999 years from Jan. 1, 1897, to Phila. A Read. Ry. Co. Dividends
paid stockholders are 2^ p. 0.
Jan. and 3 p. 0. in July, ^ p. 0. being
deducted for taxes.— (V. 63, p. 1011.)
&
&
RR.—
Haven RR.—
m
Mineral Range RR.—See page 1684.
Minneapolis 6c, St. Louis RR.— ("See Map.)— Owns main
line
Minneapolis to Angus, la., 260 miles; Western Div., Hopkins to Watertown, S. D., 215 miles; Kalo Branoh, \*n miles; Lake Park Branch, 1»«
m. Winthrop, Minn., to Storm Lake, Minn., 154 miles. Leases trackage from Minneapolis to St. Paul over St. Paul & North. Pac RR., 10
miles; leases Des Moines & Fort Oodge RR., Des Moines to Fort Dodge
and Tsra to Ruthven, 143 miles; total operated, 785 miles. Also owns,
but leases to Bur. C. R. & Nor., Albert Lea to Iowa State Line, 13 m.
History.— A reorganization in Oct., 1894, per plan In V. 59. p. 371,
of Railway foreclosed under Improvement and equipment mortgage;
mileage has since been about doubled.
In June, 1900, persons identified with Minn. & St. L. obtained control of the Iowa Central Ry.; V. 70, p. 1249. The Des Moir.es & Fort
Dodge RR., control of whioh was acquired in 1904, is leased for 30
years from Jan. 1, 1905. V. 78, p. 2333; V. 79, p. 269, 1704.
Stock.— Common, $6,000,000; preferred, 5 p. c, non-cumulative,
$4,000,000. After 5 p. c. on each, both share pro rata
Dividends (p.c) ) 1896. '97. '98. '99. 1900. '01. '02. '03. '04. 1905.
Jan., 2^
Preferred
3
3 319 43fl
5
[
2i2Jan.,0
li«
5
5
Common
4
None.
)
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 Burl. Cedar Rap. & North, (now Ch. Rook I. & Pac.)
;
5555
1594
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
*
.
RAILWAY STOCKS AND BONDS.
Apr., 1905.]
RAILROADS.
For explanation of column headings,
on first page of tables.
&o., see notes
AfidTval.-lst M., $20,000 p. m. g., red., text.GP.0*
Mill Greek dk Mine Hill Nav. <& RR.-Stook.. ......
Milieu A So*Hux*terti-lal M., $800,000, gold.K..
Milwaukee Lake Shore <t Western— See Chicago &
Milwaukee <£ Northern—See Chicago Milwaukee
,
>
Mine Hill A Schuylkill Hav.—Btook (6 p. ct. rental).
Mineral Ra?ige— Cons, mort., text, g., red. at 105.. c
General mortgage, int. guar, by Can. Pacific F.
Hancock & CaL, oons.,M. g., red. at 105, ass'd...
Minneapolis & St. Louis— Common stock.Ce
Pref. stock (V. 70, p. 1150), 5 p. c, non-oum.Ce..
c*
1st M., Minn, to Merriam June, gold.FP
IstM., Merriam Junction to Albert Lea.gold.F.o*
Iowa ext. 1st M., g.(Al. Lea to Ft. Dodge)g.Ce.c*
Mort.on Soutliw. exten., g. ($12,000 p. m.)Ce..o*
o*
Paolflo extension 1st mortgage, gold.Ce
First consolidated M., $5,282,000, gold.Ce. c*&r
m.l.Ce.
($18,000
p.
1st & ref., M., $25,000,000, g.
Mtnn. St. P. A 8. Ste. if.— Com. stock, $14,000,000
Preferred stock, 7 per cent, non-cum
Minn. Sault Ste. Marie & Atlantic 1st M.g.Ce..o
c"
Minneapolis & Pacific. 1st mortgage. Ce
Consol. M., gold, int. guar, (end.)— See text.Ce.c*
2d M., $5,000,000, gold. int. guar.. Ce
Minnesota Transfer— 1 st mort.— ($535,000 are 4s)o
Minn. <t No. Wisconsin—1st mort., $200,000, g. .c*
Mississippi Arkansas <£ Western— 1st M., gold.AC.
Miles
Date
Size, or
of
of
Par
Mod III Br.ABetl-S.C M.&S.L.B.— lstM.red.g.SStc'
Consol. mortgage, $2,000,000, anth., gold
Missouri Kansas &. Texas— 1st mort., gold.Ce.
2d mortgage. gold.Me
Of which held in treasury Nov.
1,
1904:
b
Outstanding
1904 $1,000
25
53 1905
1,000
NORT H WE8 TEBN.
AST. Paul.
52
50
66 1891 500 &c.
66 1901 100,0k
20 1891
1,000
100
100
27 1877
1,000
81 1877 500 &c.
102 1879
1,000
53 1880
1,000
92 1881
1,000
1894
1,000
632 1899
1,000
100
100
495 1886
1,000
286 1886
1,000
1,789 1888
1,000
1,789 1899
1,000
1886
1,000
50 1902
1,000
22 1902
1,000
$3,724,600
323,375
210,000
186
1904
1901
mmmm
. -
.
1904
1890 500 <&0.
1890 500 &o.
-
1,601
1,601
$809, 000.
1,000
1,000
1,000
C$174 .100. d
As to first consol. mortgage see abstract V. 59, p. 1145. The refunding mortgage of 1899 limits the first consols to $5,282,000.
First refunding mortgage of 1899 is for $25,000,000, of which
$10,000,000 reserved to retire underlying bonds and $5,341,000 for
future extensions, improvements, etc., under severe restrictions. The
mortgage is a first lien on 283 miles of road, etc., and a blanket lien on
rest of property, and is further secured by deposit of $2,530,000 Des
Moines & Ft Dodge common stock. V. 68, p. 187, 332; V. 79, p. 2147.
See application to list, V. 69, p. 32.
The $3,072,000 Des Moines & Fort Dodge 4 p. 0. bonds, dated Jan. 1,
1905, are guaranteed, principal and interest. V. 79, p. 1704, 2696.
Gross, $1,993,011; net, $743,045
Earnings— 8 mos., > 1904-5
Gross, 1,980,910; net, 784,355
July 1 to Feb. 28. > 1903-4
Annual Report.— Annual meeting
1903-04 was in V. 79, p. 1952.
Tear Ending June 30.
Average miles operated
Passengers
Freight
1st
Tuesday
1903-04.
642
825,830
$1,878,058
146,677
$2,850,565
$1,049,263
275,248
$1,324,511
931,447
56,045
38,942
(5) 200,000
(2V2H50.000
Mail, express, &o
Gross earnings...
Net over taxes.
Other inoome
:
Total net inoome
Interest paid
,
Rentals
Miscellaneous
Dividend on pref stock
Dividend on oommon stock
Bal. surplus for year
Report for
in Oct.
1902-03.
1901-02.
642
$901,939
642
$876,486
2,526,763
2,224,520
137,591
139,013
$3,265,472 $3,540,840
$1,237,530 $1,446,120
185,036
217,415
$1,454,945 $1,631,156
886,980
886,980
47.451
56,050
.
(5)200,000 (5)200,000
(5)300,000 (5)300,000
.def.$51,922
$196,725
$11,915
Officers.— Pres., Edwin Hawley, New York; Vioe-Pres L. F. Day;
Sec, Joseph Gaskell, Minneapolis; Treas., V. H Davis, 25 Broad St.,N Y.
.
Directors— E. Hawiey, H. i£. Huntington, E. Langdon, F. E. Palmer, F. H. Davis
John E. Searles, New York: L. C. Weir, New York: George Oocker, New York.
L.JF. Day, Minneapolis.-(V. 79, p.X69, 1482, 17C4, 1W54. ai 85, al4?.
Minneapolis St. Paul &, Sault Ste. Marie
Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North
Dak., at the International boundary line there connecting with the
Canadian Paciflo, 1,039 miles; branohes, Hankinson, No. Dak., to Bismarck, 214 miles; Wishek, North Dak., to Pollock 70 miles; other
branches, 264 miles; spurs, 23 miles; total Nov., 1904, 1,876 miles;
also trackage in Minneapolis, St. Paul and Sault Ste Marie 19 miles.
In Nov , 1904, extension from Glenwood, Minn., north to Winnipeg,
330 miles, inoluded above, was completed. V. 77, p. 765. In May,
1904, the Bismarck Washburn & Great Falls Ry., Bismarck to Underwood, N. D., 60 miles, was acquired. V. 78, p. 1962: V. 79, p. 103. In
Marob, 1905; branch Thief River Falls, Minn., to Kenmare,
D., 291
m., proposeu. Ladysmith to Owen. Wis., 45 m., under contraot.
History.— consolidation in 1888 of Minn, aault Ste. Marie & At.,
Minn. <Ss Pac, etc. (See V. 46, pp. 538, 609; V. 77, p. 628.)
Stock.— Canadian Paciflo on July 1, 1904, owned $7,066,600 common and $3,533,400 preferred. Preferred stock has a prior right
to 7 p. 0. (non cum.); then common to 7 p. 0.: then share pro rata. V.
75, p. 549. Car trusts, $80,369; due. $43,395 semi-an., 1904-07.
!
Ry.—
N
A
Dividends—
1903.
7
2
Pref erred (per cent)
(per cent)
1904.
Apr., 1905.
7
4
3>a, S.
8.
2,
A.
A.
Bonds.—Can. Pao. guarantees by endorsement 4 per cent interest on
the bonds assenting to a reduction of interest to 4 per cent. (See
V. 50, p. 784; V. 51, p. 239. About one-half the Minn. <)fc Pac. bonds
and practically all of the other issues assented.
Abstraot of Minneapolis Sault Ste Marie <& Atlantic mortgage in V. 45,
P. 243. The consol. mortgage of 1888, [abstract V. 47, p. 142), was for
$21,000,000 on 800 miles (sufficient? of this reserved to retire prior
bonds) and for $20,000 per mile on all additions. V. 73, p. 185; V. 78,
82
S;„ ,2LV 79, P- 1332 > v 80 P- 651. As to 2d 4s, see V. 68, p. 669,
771, 977; V. 71, p. 645.
Latest Earns.— 8 mos. > 1904-5.. Gross, $5,826,397; net, $2,950,828
July 1 to Feb. 28.
$ 1903-4.. Gross,
4,908,859; net, 2,411,708
ot
08 ending Nov. 30, 1904, net, $3,220,403, against $3,299,aF-,
491; in 1903, charges, $1,805,190; bal., sur., $1,415,213.
•11
-
-
-
H™
>
-
Report.— Report for year ending June
30, 1904, was in V.79, p. 1327.
Ve<
Int., taxes, etc. Equip., etc. Bal., sur.
m „ S 0M '
-$6,993,498 $3,246,718 $1,859,472 $250^000 $1,137,246
J2™"2£"
19
2
3,517,342
1,852,844
200,000
1,464,498
J??5?--^ 7 of.37 .264
Dividends
7 p. c. on pref. call for $484,687 yearly and of 4
c.
on common $554,012 yearly. -(V. 79, p. 1332; V. 80, p. 472, 651.) p.
Mlnncf.oia 4 North Wisconsin
See page 421.
1 11 "!*
** Transfer Ry.— Union road, owning 11-67 miles, ex•J*^
tending from Junctlonwith Chic Mil. & St. Paul at Merriam Park to
U
1 yards, etc.); side tracks 50-70 miles; total 62-37
ZStl y ,-iri7, ^oo)
95
$7 °.<>00. equally owned by:
^rw«r&i? t J?L Stook
^Northern pacific, Chicago St. Paul Minn. &
o£^£*MhVn™n«!?«
S
P
8t Lou 1 ?lr Wisconsin Central, Chicago Burlington*
oSiSv oroL? N Jih ni, ^
.
Western.Minn.St. Paul & Sault Ste. Marie, and
8hi£ liZk 8 i£nd & Pac
oni
on dB can be Issued for property and improvements as
«£^ii t! V . v 1 , . 8
able ln 01 ^ Mortgage trustee, NorthS2B«r Trust
tJ, n
* ?.^
S
western
Co.. t.
St. Paul. Minn.-(V. 66, p. 1238; V?
67, p. 956.)
ir£o°£:.
-
-
RR.—
!
-
*%
I
I
<
?^
Amount
Road. Bonds Value.
Miss. Cent.— 1st M.,$5,000.000,g red.text.Co].o*&r
Common
,
4,210,200
593,000
1,000.000
325,000
c6,000,000
d4,000,000
455,000
950,000
1,015,000
636,000
1.382,000
5,282,000
b9,659,000
14,000,000
7,000,000
8,209.000
327,000
32,055,000
3,500,000
1,439.000
110,000
220.000
1,100.000
768,000
790,000
40,000,000
20,000,000
$39,600.
.
1595
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Dae.
Rate per When Where Payable, and by Stocks—Last
Cent.
5
g.
10
Payable
Whom.
&
&
Office, Philadelphia.
J.
J.
J.
J.
Philadelphia.
New York.
5g. A. & O.
513
4 g.-5
See
5 in
J
J.
e - J.
i
5 g. J.
text. J.
1904 J.
J.
7 g- J.
7 g- J.
7 g- J.
6
5
g-
A.
gg-
M.
M.
4
4 in 1904 A.
7 in 1904 A.
4 g. & 5 J.
4 (5) J.
g<
t
4&5
5g.
5
5
4
4
4
4
J.
J.
F.
J.
J.
M.
J.
J.
J.
F.
Jan. 1, 1954
Jan., 1905,
Apr.
1,
New York, 44 Wall St.
All owned by Can. Pao.
New York, 44 Wall St.
N. Y. Central Tr. Co.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
Mississippi Arkansas
do
do
do
do
do
do
do
do
Minn.offioe; chks mailed
do
do
N. Y, B'k of Montreal.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
D.
D.
D.
O.
N.
S.
O.
o.
J.
J.
J.
J.
A. lstN.B'k,8t.Paul,Minn.
Minn. L. & Tr., Minn.
Am.Tr. &Sav.Bk.,Chlo
N.
New York.
J
J.
J.
J.
New Yortr.
D. N. Y.
Office,
A.
do
2%
Jan. 1, 1931
Jan. 1, 1951
Jan. 1, 1931
Jan. 15,'04,2ifl
Jan.16,'05, 2i«
Jan. 1, 1907
June
June
1927
1909
1910
1921
Nov.
1934
Mch.
1949
Apr. 15/05,2%
Deo.
Apr.
1,
1,
1,
1,
1,
1,
Apr.l5,'05,3is
Jan. 1, 1926
Jan. 1, 1936
1, 1938
1, 1949
Aug. 1, 1916
Jan. 1, '06-'08
July
Jan.
Jan.
May
Jan.
Jan.
49 Wall St. June
June
do
& Western Ry.— Owns
5%
1955
Phila.,Offlce,119S. 4th. Jan.16,'05,
g.
7g
Dividend.
1,
1,
1,
1
1,
1,
1922
1934
1951
1951
1990
1990
from a point
Ark., to Gaines Landing on the Mississippi River in
Chicot County, Ark., 22 miles. Extension from Gaines Landing to
8tock authorized $220,000.
BigiBayou, 10 miles, to be built in 1905.
Year ending June 30, 1904, gross, $25,389; net, $15,5291; Int. on
President, A. P. Bliss, Saginaw, Mich.; Sec and
bonds, $11,000.
Gen. Man., A. F. Cook, Little Rook, Ark. (V. 75, p. 442.)
Owns Hattlesburg, Miss., to Silver
Mississippi Central
Creek. 55 miles. Bonds are subject to call on or after May 1, 1905, at
105, if drawn by lot. V. 79, p. 152. President, F. L. Peck; See and
Treas., C. P. Davidson, both of Scranton, Pa.— (V. 79, p. 2642.)
Texas
V. 80, p. 1235.
Mississippi Louisiana
In
Drew County,
RR.—
&
Missouri
&
Illinois
RR.—
RR.— Has bridge 2,100
Rrldge A Relt
feet long across the Mississippi River at Alton, 111.; also 2 miles of
>wned by 10 of the 14 proprietary roads of the Terminal RR.
road.
&
Association of St. Louis, viz.: Cleveland Cincinnati Chicago
St.
Louis, Louisville & Nashville, St. Louis Iron Mountain & Southern,
Baltimore & Ohio, Missouri Pacific. Wabash, Chioago Rock Island &
Pacific, St. Louis & San Franoisoo, Missouri Kansas & Texas and St.
Louis Vandalia & Terre Haute (Penn. RR. system). Incorporated in
Aug.. 1904, as successor of the St. Clair Madison & St. Louis Belt RR.
V. 79, p. 1642, 681. Stock, $2,500,000; outstanding, $110,000. The
Illinois State Trust Co. of East St. Louis and Edwards Whitaker are
trustees under the mortgage of 1904. V. 80, p. 711.
President, J.
Ramsey Jr.; Treasurer, F. H. Hamilton; Secretary; E. D. Tavlor.
Office, Lincoln Trust Build' g, St. Louis. -(V. 80, p. 711.)
&
Texas Ry.—Road.— Operates a line with
Missouri Kansas
northern termini at St. Louis, Kansas City and Hannibal, Mo., extending southerly aoross the Indian Territory and the Texas cotton belt to
tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with branches. (If See this company.)
Operated not owned.
Road owned.
Miles.
Miles.
Missouri Kan, & Tex. Ry.—
Wichita Falls Ry
18
St Louis to Red River, Tex 629 Denison & Washita Val. Ry.
20
104 Denison Bonham & N. Or. RR.
Hannibal to Franklin Jo..
24
Branches to Paola and ParDal. Cleb. & Southwestern...
10
sons,
Kan.; Oklahoma
Dewey, I. T., to Bartlesvllle.
4
City and Guthrie, O. T.,
Austin, Tex., terminals
2
and Wybark and CoalOperated jointly.
eate, I. T
901 St. Louis to Texas Junction.
24
Kansas City to Paola
Mo. Kan. & T. Ry. of Tex.—
43
Red River to Houston, Tex. 548 Whitesboro to Ft. Worth
71
112 Iola to Plqaa, Kansas
Denisonto Henrietta
7
476 Galveston Hous. & Hend.... If 50
Other branohes
—
Total owned
Total oper. June 30,1904.3,043
2,770
The Dallas Cleburne & Southwest. Ry., Cleburne, TeXj. to Egan, 10
m. (to be extended to Dallas, Tex., 27 miles), Is leased, v. 76, p. 48.
Organization, &c—Reorg. in 1890, without foreclosure. V.49,p. 719.
The $12,890,000 stock of the "M. K. & T. Railway Co. of Texas"
Is deposited with Central Trust Co. as trustee for the M. K. & T. security holders. (V. 54, p. 1047
V. 55, p. 298.) M. K. & Eastern was
merged til 1897, K. O. & Pao. in 1899 and Sher. Sh. & So. in 1901.
The Missouri Kansas & Oklahoma RR. and Texas & Oklahoma RR.,
absorbed in 1904, built from Stevens, I. T.. near Coffeeville, Kan., to
Oklahoma City and Guthrie, with branch to Wybark, 277 miles, and
from Coalgate, I. T., to Oklahoma City, 117 miles. See below. V. 74,
p. 1038. 1140; V. 75. p. 608, 1086; V. 76, p. 480, 1249; V. 78, p. 2012.
Land Grant.— Land grant in Indian Territory 3,110,400 acres, suo
iect to Indian title. See V. 79, p. 903, 1281; compare V. 67, p. 222
V. 65, p. 542, 594. V. 55, p. 937; V. 61, p. 1155; V. 77, p. 2339.
Stock —Common increased in 1904 by $7,200,000 to $63,300,300;
preferred is $13,000,000 4 p. 0. non-cumulative. Par of shares, 100.
Bonds.— M. K. &. T. 1st and 2d mortgages of 1890 [abstraots in V.
51, p. 495] oover line from Hannibal, Me., to a point 80 miles from
Houston, Tex., 941 miles [except 71 miles of trackage] and sundry
branches, the total mileage mortgaged beingl,601 miles, inoluding the
Sherman Shreveport & So., but see below. These mortgages also oover
the right to the land grant in the Indian Territory.
The Missouri Kansas <& Eastern bonds originally guaranteed were
assumed in June, 1896, the road forming the St. Louis extension from
Franklin, Mo., to Texas Junction, Mo., 162 miles. See V. 63, p. 30.
Of the St. Louis division 1st refunding bonds; $4,666,000 were reerved for the retirement of both issues, the balance being for extensions and improvements on the division. V. 72, p. 1034; V. 75, p. 608.
The Sherman Shreveport <& Southern mortgage is for $6,000,000 at
$20,000 per mile; issued, $3,689,000, of which $2,000,000 pledged
under M.K. <&T. mort. of 1890. The bonds, formerly guaranteed, were
;
assumed upon consolidation in May, 1901. V. 72, p. 1034, 1115.
The Missouri Kansas & Oklahoma and Texas & Oklahoma bonds,
issued at $20,000 per mile, guaranteed, have been assumed. V. 74, p.
1038; V. 75, p. 185, 733; V. 77, p. 252; V. 78, p. 48; V. 79. p. 968.
Of the 1st and refunding 4s of 1904 ($10,000,000 authorized Issue)
$13,046,0i>0 was reserved to retire divisional mortgages at or before
maturity; balanoe for future purposes. They are pa.vable at the option of the holder in sterling, marks or francs. V.79, p. 968, 1281,
1332; V. 80, p. 222, 712.
Guaranties.—The Boonville Bridge 4s are guaranteed, principal and
Interest, and also as to sinking fund beginning 1911. V. 73, p. 494.
J59G
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
F
Ape., 1905.J
RAILWAY STOCKS AND BONDS.
INTEREST OR DIVIDENDB.
KAILBOAP8.
Miles Date Size, or
Amount Rate per When
of
of
Par
For explanation of oolumn headings, &c, see notes
Outstanding
Road.
Bonds
Cent.
Payable
Value.
tables.
of
page
on first
Mo.K.dlTex. (Co».)-lst£xt.M,g.,$3,254,000 Cec.
.-0"
St. Louis Dlv., 1st, refund. M.F
Mo. K. AEast. IstM., $4,000,000 g., assum.Ce.
2d mortgage, guaranteed, being retired
Sh. Sh. & So. 3 st M., $20,000 p. m., g., assu.Ce.0Kan. city* Paolflolst M., gold, assumed. Ce...o.
M. K. &Ok. lstM.,$5,46",000., g., assum.Ce. .0*
Tex. & Okla. IstM., $2,347,000, g.,assum.«e..o*
1st and ref. M., $40,000,000, g. 8ee text.F
Equip, bonds, due $67,000 s.-an. V. 78, p. 1392
,•3 "t Dallas* Waco let M.,$20,000p. m.g.Ce.o'
P. « -o
M.K.& T. of Tex. 1st M., $20,000 p.m.Ce.o*
J o i Boon-ville Branch, IstM., gold, s. f.Ce.o*
rt-e ®
8. W. C. & Imp. 1st M. s. f., call at 125.
Missouri Pacific—Stock ($100,000,000 auth.)....
Pao. BR. of Mo. 1st M., extend. In 1888, gold.Me
2d mort. ext. In 1891 In gold, St. L. to K.
1st M., St* Louis real estate, ext. In 1892, gold.
161
Ler. & Caney Val. 1st M.,g., gu. (V. 70, p. 1095).c*
Verdigris Val. Independence & W. 1st M.,g.,guar.
K.C.& N.W.,lst M.pf."A"g.,int.rent.,red 105,Me
Equip. Ass'n obllgafns, $203,000 pay. Sept.l y'ly
52
I
Co'
....
162
162
202
130
277
117
....
«••
67
225
....
....
283
283
13
1st M. Carondelet Br., g., gu. p.<& l.(end.)ext.'93
3d M. (cover's: all prope. of Paoiflo RR. of Mo.)Ce 296
gold
55
Mo. Pacific IstM., Lexington to Sedalia, Mo,
Consolidated mortgage, $30,000,000, gold...c' 1,076
o*«fcr
1,120
Gold collateral trust. Un
671
lstcollat. mort. bonds for $10,000,000 g.HIe...o*
Mortgage, $50,000,000, gold, red. 102 *s ITIe.o*&r
...•
Two-year gold notes
do
do
do
Ser. B., g., $97,000 due Mar. 1 yearly
Per. C, g., $282,000 June 1 y'rly.Me
to F, g.. $1 03,000 Deo. 1 yrly
Ser.
do
do
do
D
Missouri Kansas & Texas Ry.- (Concluded.)
81
»»•
....
....
1894
1901
1892
1892
1893
1890
1902
1903
1904
1904
1890
1892
1901
1889
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1868
1,000
1871
1,000
1872 500 Ac.
1873
500
1876
1,000
1880 500&0.
1880
1,000
1887
1,000
1890
1,000
1905 500 &c
1904
5,000
1886
1,000
1886
1,000
1894 500 Ac
1902
1,000
1903
1,000
1903
1,000
1903
1,000
in Texas mortgage secures $10,000,000 of bonds at
$20,000 per mile for extensions In Texas. They are guaranteed principal ana Interest. See above, and guaranty V. 56, p. 604.
The Southwestern Goal <& 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 aores additional, the Denison & Washita Ry., 20 miles, mines in aotive operation, etc.
Equipmtnt Notes.— On Judo 30, 1904, these aggregated $3,377,896,
payable part yearly till 1910. V. 75, p. 608.
Latest EARNDXG8.— 8 months ending Feb. 28:
Sur. or def.
Net.
Charges.
Gross.
8 months.
sur. $969,123
$13,713,424 $3,799,166 $2,830,043
1904-5
sur. 930,274
2,639,325
3,569,599
12,518,667
1903-4
The M. K.
<6
T.
Annual Report.— Annual meeting first Thursday after, first Monday
Report 1903-04, at length, was given in V. 79, p. 1263, 1280.
In April.
Tear end. June 30.— 1904.
2,884
Aver.ruiles operated.
Passenger earnings. $3,802,202
1903.
1902.
1901.
2,601
2,500
2,265
$2,658,245
$3,160,455 $3,040,842
13,102,910 13,256,900 12,632,692 12,097,618
Freight
717,865
861,484
790,838
Mail, express, etc.
6 47,220
Gross earnings.. ..$17,766,595 $17,208,193 $16,391,399 $15,403,083
Ope. exp.and taxes. 12,997,710 12,449,083 11,871,564 11,134,147
4,858,675 $4,553,648 $4,307,073
Net earn., inc. oth.infl $5,085,608
3,226,844 3,118,015
3,316,172
3,291,396
Interest on bonds..
467,363
417,865
389,142
703.0681
Rentals., &c
Balance, sur
$908,939
$799,916
$1,066,368 $1,099,916
$316,723 inl904,$99,5651nl903, $33,813 In 1902,$38,137 In 11901.
Officers.— President, Frederick Norton Finney, Milwaukee; VlcePres., Colgate Hoyt; Vloe-Pres. and Gen. Manager, A. A. Allen, St.
Louis, Mo.; Vioe-Pres. and Treas., C. G. Hedge, New York; Seoretary,
8. Halline, 49 Wall St.
Directors— Henry C. Rouse, Colgate Hoyt, Henry W. Poor, Joel F. Freeman,
Chas. G. Hedge, James Brown Potter and Herbert L. Satterlee, Alfred W.
.
Ti
New York; Myron T. Herrlck, Cleveland, O.; F. N. Finney. Milwau-,
kee, Wis.; A. A. Allen and James Hagerman, St. Louis. Mo.; B. P. McDonald,
Alfied J. Poor and T. N. Sedgwick, of Kansas; H. J. De Marez Oyens,
Amsterdam, Uolland— (V. 79, p. 2456; V. 80, p. 212, 712, 1059.)
Smitbers,
Missouri Faclflc Ry.— (See Map.)—Operates an Important system 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 branches in Kansas, etc Through the St. Louis Iron Mt. & Southern.whlch it controls,
connection is had with Texas and the lines of the Texas & Pacific,
International & Great Northern and the St. Louis Southwestern, the
whole forming what Is known as the " Gould System," (see V. 60, p.
83.) The Mo. Pao. property Includes (Jan. 1, 1905)
Miles.
Lines owned and controlled. Miles.
Leased lines, etc— (Con.)
25
Bt. Louis to Omaha
495 Other lines
Other main line
35
847 Trackage to St. Joseph, etc
Branches owned
2,047
Leased lines, etc.
Boonvllle St. L. <fe Southern. .. 43 Tot.Mo.Pacandbr'nchlines.3,493
Also owns all capital stock of Central Branch Union Pao., etc, 388 m.;
St. Louis Iron Mountain & Southern and leased lines, 2,355 miles.
Grand total Missouri Paoiflo mileage June 1, 1905, 6,234 miles.
Rio
Early in 1901 a large interest was acquired In the Denver
Grande RR. and so in the Rio Grande Western Ry., extending the
system as far west as Ogden, Utah. The Gould and Rockefeller holdings In the Denver & Rio Grande are together understood to constitute
a large majority of entire capital stock. See also "General Finances."
A controlling interest in the St Louis Watkins Gulf was aoquired
in 1904 by the St. L. I. M. & So. V. 80, p. 1235.
Organization, Leases, &c— The Paoiflo RR. of Missouri was sold in
foreclosure September 6, 1876. The present company was a consolidation in August, 1880, embraoing the Missouri Pacific and minor roads.
Control of the International & Great Northern was secured In 1892
and of Central Br. U. P. in 1898-99. See V. 68, p. 329, 520. As to
Texas & Pao. and Wabash, see "General Finances" below.
Stock.—The amount outstanding on Dec 31, 1900, was $50,432,150;
this was Increased to $76,402,875 In 1901; in 1902 $1,400,000 was
sold to pay for new construction, 56 miles. V. 72, p. 1183, 1238, 1280;
V. 73, p. 185, 1356; V. 75, p. 549.
A
&
DlVS.—
Per oent.
'82 '83 to *87 '88 '89 '90 '91 *92 to '00 '01 '02 '03 '04
1905
yearly. 5H 4
4 3
None 2»a 5 5 5 Jan.,2»s
Bonds.—The consolidated mortgage Is for $30.000,000— trustees John
F. Dillon and Edward D. Adams— the balance unissued is in trust to
redeem prior bonds due if deemed best. Abstract in V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New
YoI?t t^UBtee) ^e secured by mortgage bonds of new roads at $12,000
or $15,000 per mile; these embracing the line from Fort Scott, Kan.
to Pueblo. Col etc For securities pledged, etc, see V. 46 ,p.678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874.
In Feb 1 904. $6,000,000 of two-year 5 p.c collateral trust notes
were sold; Equitable Trust Co. of New York, trustee. V. 78, p. 584.
As to 40-year 4s of 1905 see General Finances below,
)
J
1597
6H7
.
General Finances. -In 1903 the Missouri Paciflo Railway Co.
acquired $2,000,000 Wabash RR. preferred stock and the St. Louis &
Bonds— Pnnoipal, When
Dae.
Where Payable, and by Stocks—Last
Whom.
5 g- M. & N; N. Y. office, 49 Wall St.
$3,254,000
do
4 g. A. & O
do
1,892,000
do
4,000,000
5 g- A. & O.
do
do
81.000
5 g- A. & O.
do
do
5 g. J. & D.
do
1.689,000
A.
do
4 g- F. &
do
2,500,000
do
do
5 g- M. & N.
5,468,000
do
M.
&
8
do
5
2,347,000
gdo
do
See text.
4g. M. & S.
413
M. & 8.
do
do
804,000
do
do
1,340,000
g M. <fc N.
i
M. A 8.
do
do
4,505,000
do
do
1,000,000
s M. & N.
J. & J
do
do
I
968,000
77,817,875 5 in 1904 J. & J. N. Y., 195 Broadway.
F. & A. N. Y., Mercantile Tr. Co.
7,000,000
i g J. & J.
do
do
2,573,000
do
do
800,000
5 g. M. & N.
4i«g.
A. & O
do
do
237,500
M. & N.
do
do
7
3,828,000
F.
&
A
do
do
650,000
5g.
M.
&
N.
do
do
14,904,000
6g.
do
do
14,376,000
5g M. & 8.
5 g- F. & A.
do
do
9,636,000
4 g. M. & S.
do
do
25,000,000
do
5 g. F. & A
do
6, OC 0,000
do
520,000
5 g- J. & J.
do
do
806.000
5 g. M. & 8.
do
do
5 g- J. A J.
do
1,026,000
— M.
5 gdo
1,624,000
do
-M.
do
5 g.
do
679.000
<5-m
do
5 g.
do
2,538.000
Q.- M.
5 (?.
do
975,000
do
Dividend.
Nov.
Apr.
1,
1,
Apr. 1,
Apr. 1,
June 1,
Aug. 1,
1,
Sept. 1,
Sept. 1,
May
1944
2001
1942
1942
1943
1990
1942
1943
2004
Spt.'05.Mr.'ll
Nov.
-
1,
Sept. 1,
Nov.
July
'
1,
1,
1940
1942
1951
1929
Jan.20,'05, 2»«
Aug.
July
1938
1938
May
1938
Oct.
1938
Nov.
1906
Aug.
1920
Nov.
1920
Jan.
1917
Aug.
1920
Mar. 1, 1945
Feb. 10, 1906
July 1, 1926
Moh. 1, 1926
Jan. 1, 1933
-
1,
1,
1,
1,
1,
1,
1,
1,
1,
Sept.,1905-'12
ToMar.1,1912
To June, 1913
To Dec, 1914
Iron Mt. $6,500,000 additional, the latter also owning $5,435,000 of
the debenture B bonds, making the entire voting interest held $13,935,000 out of a total of $82,000,000 stock and voting debentures. V.
78, p. 1109. Syndicates in which the Goulds are largely Interested
have purchased the Western Maryland and West Va. Cent. & Pitts,
(see those companies), and have completed a line connecting the
Wabash with Pittsburgh and are building easterly to a connection with
the Western Maryland and tidewater at Baltimore. The Gould Interests are also back of the Western Paoiflo Ry., building between Salt
Lake City and San Francisco. SeeCHRON. Apr. 29, 1905. V. 79, p. 1023.
The 4s of 1905 ($50,000,000 authorized issue) are to be secured by
an equal amount at par of Iron Mountain stock, the deposited stock
to be never less than a majority of the outstanding amount, the Mo.
Pao. covenanting that it will not permit the creation by the Iron
Mountain Co. of any stock having preference or priority as to dividends or otherwise over the stock pledged or the creation of any
bonded debt of the Iron Mountain Co. In addition to its bonded debt at
present authorized, except to furd, extend or retire such present
authorized bonded debt, or for new property at a fair value not exceeding cost. The present issue of $25,000,000 is secured by an equal
amount of Iron Mountain stock. The remaining $25,000,000 is reserved for extensions, improvements and betterments. V. 80, p. 712.
Earnings— 2 months, ) 1905
Gross, $5,985,096; net, $792,593
Jan. 1 to Feb. 28.
Gross, 7,055,756; net, 1,853,095
51904
Annual Report.—Fiscal year ends Deo. 31. Annual meeting is held
at St. Louis in March. Report for 1904 was in V. 80, p. 1108, 1116;
see editorial, p. 1086. Earnings of Missouri Paciflo system have been
as below. " Other Income " in 1904 includes Interest on Tex. & Pao.
2d mort. incomes, $1,113,400; Paciflo Express Co., $252,000; Denver
& Rio Grande RR., $365,000; coal companies, $442,500, etc
Tear ending Dec. 31.
1904.
1903.
1902.
Miles operated
6,140
5,846
5,613
Total earnings
$43,693,617 $43,095,768
$37,495,688
Net earnings
13,287.576 13.680,765
12,452,497
Other income, <&o
2,937,274
3,776,965
2,422,139
:
Total net Income
Interest and rentals
$16,224,850 $17,457,730
$14,874,636
$7,718,109
$7,107,352
$6,645,672
Taxes
1,298,771
1,225,240
1,123,374
8undry accounts
1,28?,337
1,538,645
560,968
Dividends (5 per oent)
3,890,^67
3,890,115
3,855,110
Balance, surplus
2,034,766
3,696,378
2,689,512
Officers.— President, George J. Gould; Secretary and Treasurer, A.
H Calef, 195 Broadway, New York.
Dtrectors.— George J. Gould, Russell Sage, Edwin Gould, Samuel Sloan, James
H. Hyde, John D. Rockefeller Jr., Howard Gould, B. Parmelee Prentioe, Fred.
T. Gates and Frank J. Gould, New Tork Charles S. Clarke, O. L. Garrison, W.
K. Blxby, St. Louis, Mo.— (V. do, p. 473, 718, 872, 11 OS. 1110, 1236.)
:
Missouri Pacific System— St. Louis Iron mountain St.
Southern Ry.— (See Slap.)— Owns St. Louis to Texarkana, Tex. Line.
490 m.; branches to Belmont.Mo., Bird's Pt., Mo. (Cairo) Camden, Ark,,
Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark., Memphis, Tenn., <fec; Houston Central Arkansas & Northern Railway, MoGehee, Ark., to Alexandria. La., 191 miles; White River branch,
Illinois Division, Memphis Helena & Louisiana, East & West 111. Ry.,
,
1,278 miles; total owned Jan. 1, 1905, 1,959 miles. Leases Little
Rock & Fort Smith and Little Rook Junction railroads, 175 miles;
Kansas & Arkansas Valley RR., 171 miles; St. Louis Southw. Ry., 51
Total operated Jan. 1, 1905, 2,356 miles.
Holders of $23,668,000 of the $24,983,093 Texas & Paoiflo seconds have exchanged their bonds for 65 per cent in new Iron
Mtn. gold 4s bearing interest from July 1, 1899. See Bonds below,
also V7 68, p. 329, 380, 474, 520, 572, 619, 725, 774.
A new short route from St. Louis to New Orleans is
proposed via the west side of the river, and a connection
with the Texas & Paoiflo at Clayton, La., and a diagonal line
from the last-named line to a connection with the Mo. Pao. at Carthage, Mo., completing a 480-mile low grade line from Kansas City to
Memphis. Of these lines, West Memohis to Clayton, La., 278 miles,
is under construction, and Batesvllle, Ark., to Carthage, Mo., 239
miles, 196milesof the latter beiug completed. V. 76, p. 543,600, 1031.
Stock.— Stook authorized $130,000,000; outstanding, $25,788,435,
of which $25,733,790 Jan. 1, 1905, owned by Missouri Pao. See below.
Dividend— In 1899 2 p. c; 1900, 6; 1901, 6; 1902 to 1904, 10 y'rly.
Bonds.— General consol. mort. is for $45,000,000, Nos. 11,001 to 18.000 inclusive are endorsed with the Missouri Paoiflc's guaranty of princiSal and interest form of guaranty was in V. 56, p. 650; they are a first
en on 1,538 miles. (V. 68, p. 85, 233, 520; V. 78, p. 704, 1224.)
The gold 4s of 1899 (first Issue $30,000,000) may be increased
not over $10,000,000, at $12,000 per mile, for oonstruotlon or
acquisition and equipment of branches and extensions. They are
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 stooks and bonds now embraced In the trust of the
gold funding note indenture upon satisfaction thereof, all leased and
branoh lines, or their bonds and stocks acquired by the loan, and all
Texas & Paoiflo seconds aoquired, future extensions, etc (V. 68, p.
miles.
;
619; V. 70, p. 997; V. 74, p. 206; V. 78, p. 704, 1224.)
The River & Gulf Divisions 4s of 1903 (present issue $20,000,000,
will be secured by a first Hen on 677 miles of road built or under con-
RAILWAY STOCKS AND BONDS.
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MAP OP THE
MOBILE, JACKSON
KANSAS CITY R. R.
^
AND CONNECTIONS, t
RAILWAY STOCKS AND BONDS.
Apr., 1905.]
RAILROADS.
Date
Miles
of
see notes
Size,
Iron Mountain <6 Southern— (Missouri P
Gen. oonsol. * 1. gr. M. ($45,000,000) g.Me ...o*
gold, stamped, guar. p. <fel..o*
do
Do
o*
Unifying & ref. M., gold, $40,000.0<iO.Mp
River &G. Div'ns 1st M.. $50,000,000, g.Me.o*<fer
Car trusts, H to M, due June, f ept. & l ec., y'rly.
Car trusts, ser.N to P, $377,000 or $378.00O.y'riy
Little Rock Juno. lstM.gu. p.&l.by Ir. Mt.Me.c*
Pine Bl'ff&West.lstM., gu. p. & 1., red. lOyrs. 105
Mo. Rir.dt Northw.—lBtM., g.,$l ,000,000.. red.text
Mobile dt hirmmgh. RR.—Vref. stock ($900,000)....
o
Prior lien, gold, $600,C00.Ce
Me.c
1st M., $1,200,000
M.,
g.Ce.o*
con.
$4,000,000,
Mob. Jack. <t K. C.-lst
Glf.&C.,l8tM.,$5.000,000,g..gu.red. 110.« ol.o*
Mobile <t Ohio— Ut M., Mob.toCol.(prin. gold).F.o*
1st M., exten.,Colum. to Cairo &branch,gold. K. .c
General mort. for $10,500,000, (now gold) s. f.FoMontgomery Dlv.,lstM., $4,000,000, gold.Ce.o*
Collat. trust, gold, ($2,500,000) call at par.G.c*
St. Louis & Cairo 1st mort., gold, interest guar.c
Mobile & B. Sh. 1st M., $200,000, assum., g.,F.c*
Equipment bonds (mostly 6s)
St Louis
Jfo/i.<£Jfal-lBtM.,$15,OOOp.m.,g.,gu.p.<fci.(en.)Ko >
o*&r.
Coneol. mortgage, $10,0« 0,000, gold. ti
Monovgahtta RR.— 1st M., $1,500,000, j't gu
Monongahela River RR.— Bonds— See B. & O. RR.
Ce.o*
Montana RR.-Ut M., g., $2,000,000
eonclu ded)—
1,538 '81to'7 $1,000 $36,818,000
1.538
1,000
6,895,000
1,538 1899
1.000
30,347,000
489 1903 l.OOO&o 18,734,000
95-'03
2,936,000
1903
i',666
2,870,000
2 1891
1,000
435,000
42 1903
1,000
886,000
1904
700,000
1,000
100
149
149
200
472
55
506
189
iei
38
182
163
1895
1895
1903
1903
1879
1883
1888
1897
1900
1886
1899
1898
1899
1901
1904
1902
1892
1902
1902
200, I,0OO
300, I,OO0
1900
1,000
1,000
1,000
500 &o.
1,000
500 &c.
1,000
1,000
500&C.
500 &c.
1,000
1,000
1,000
1.000
1,000
1,000
&
$19,788,829 $19,575,350 $17,640,578
6,988,100
6,720,285
6,634,320
1,493,923
1,428,572
1,274,607
8,482,023
8,148,857
7,908,927
3,963,688
3,624.601
3,170,531
&c.
1,197.365
1,056,512
936,591
(10 %) 2.578.831 ( 10)2,578,831 ( 10)2,578,831
eur.$742,139 sur.$888,913 su.$l,222,974
Dividends
Balance lor year
-(V. 79, p. 270, 12fc7, 1332, 2643; V. 80,
Missouri
mobile 6c
473
p.
)
Her 6c Northwestern By.— V. SO, p. 222.
Birmingham KR.- Mobile to Marlon Junction, Ala.,
It
149 miles; opened in July, 1888. Leased to Southern Ry. from Mar. 1,
1899, for 99 years, the latter agreeing to meet the Interest on bonds,
and to guarantee a dividend on the $900,000 preferred stock of 1
per cent tor first year, 2 percent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 ccmmon stock is owned by Southern By., and the voting
Sower on the pieferred irrevocably assigned to the Southern Ry.
uring the teim of the lease. V. 68, p. 429,1134; V. 69, p. 391; V. 71,
p. 1013. Foreclosed in 1895 per plan V. 60, p. 657.— (V. 72, p. 137.)
mobile Jackson
Kansas
6c
Rcadovmed.
City
Miles.
\
Mobile, Ala., to Baltiesbnrjr
159
Beaumont, Miss., to Decatur,
Miss commenced oper. 19C4
*96
Eliitville Junc.toEliUvllle.Miss.,
|
-
I
,
comnu need
oper. 1104
j
6*1
Total main track owned
20(r0
Total road owned and operated
1
RR.— (See Map.)— Operated
iff ad controlled.
Miles.
Gulf & Chicaeo (leased 99 years),
Pontotoc, Miss., to Middieton,
TenD....
Decatnr, Miss.,
to Pontotoc,
Miss., ccm. oper. June, 1905... .
Total
|
62
141
203
103
5 miles,
amount of consols are reserved.
Gulf & Chicago By. $5,000,010
first mort. 5s, about $4,000,000, of
which cover £03 miles of track. Bonds guaranteed principal and interest by M. J. & K. C. BR. Co. by endorsement on each bond. Both
issues of bonds limited to $20,000 per mile of main track.
The 1st consols are subject to call at 110. V. 77, p. 822; V. 70,fp.
687; V. 78, p. 48.
Report- For year ending June 30, 1903, in V. 77, p. 822In 1903-4 (180 average miles), gross, $528,017; net,$233,009; charges,
taxes, etc., $186,229; bal., sur., $46,780. In 1902-3 (85 average miles),
gross, $273,980; net, $103,517.
President, Bird M. Robinson. 5 Nassau fctreet, New York; Chairman of Exeo. Committee, W. D. Stratton.
Sec. and Treas., Geo. W. Craiy.
Directors:
tr at,cn
A StaB,cn Bird M. Efcbinscn. J. T. Cdell. E. K. Static.
r>,Y;iP I
I, ^
e
W J \ne ? JJ- ot Ntw Tork F E.Dewey, W m. H. Mclnt,,«h &JJ" J
V w y iJL\
W
,
le:
°' Spl ° Ul CheB,er Pa
-"v/!9?p. 968, 1332,''2748 : )
-
W
'
,
-
-
-
l
^^
-
-
-
'
'
l °^»».-r«ee Map go. By. 1-Owns from Mobile,
a7!°?,H®0li*m°J*
u8 K
miles, proprietary line, Kentucky & Ten™i;*iVrJ ? i? rC 1 roy-' 4 7 2 ileB;
branches to Columbus, Miss., &c, 34
£.««? ™J£^buB ?.
V- ^
t0 Montgomery, Ala., 167 miles; with Warrior
Sr« n Ah o «™ilf8 aud
"?S?,Blo °ton Branch, 12 miles; total owned, 738 miles;
Hti,n?/.Vr
(lc B d ) < alro t0 8t L(ml8 152
mll es, with branch to
MtiuS«)it t ™u°
J? £
i
,'
.
'
'
'
iS
«?nrT«^ hn^
m
&
8hore branch, 38 m.;
Ja ,V^!
De ™°^«&.
30,
g
4 I**?
912 milee
ir,
,
'
-
'
:
PS
total included
Warrior Southern Ry., total
.
stock and bonds owned,
but: not Included in earnings.
E
0peiled n 1861
securities readjusted in 1879.
„
T ™«?« n£i <3 °/i Q~n
90 4,
re ol
242
.229 acres, valued at $133,226.
in
i\Sr?
t1 i
a
T^
8
n
*fl 470 f,no
*o5 y,-,^had acquired $8,000,000 of the
4 » n d $5,632,600
of the $6,070,600 stock, issuing,
SSilZi inv dniw f
tera t n8t 4 per ^nt gold bonds in exchange
for the
* o g;pnVJ
D 4 8 e Ur i
db y a Piedge of the latter and also stock
t^st certifl^t« « n l8tt 0C
. t
,
k /,
d ' viden
ds being payable (A. & O.) at 2 per
cent fo, mSrlr
„ ,
th 8eC0 d ear and 4
P- °- ln Perpetuity
thereafter Road lh£jS?,
f
P y
thereafter.
operated Independently.
V. 72, p. 241, 483
D1TIDEKD8.-1898, 1 p.c; 1903, 2; June, 1904, 2
p.o. See par, above.
-
-
i
,
I V ^P^
M
Q
^
,
«
'
531,250
1.070,000
142,500
2,500,000
3,900.000
1,350,000
See text.
5g. A.
A.
4
f
5
6
5
g.
J.
g
M.
"
5
5
J.
N.
Quar'ly.
6
6g.
g.
g.
.—Jan.
:.
P.
&
&
s.
A.
Q.-F.
4
4
5
&
&
Q.-M
& O.
A. & O.
J. & D.
J. & J.
& J.
& J.
& J.
& J.
J. & D.
4
5
O. N. Y., Mercantile Tr. Co.
do
O.
do
A.
5
4
5
4
&
&
J.
g.
5-6
5
5
5
M.
&
&
J.
N.
Various.
Various.
Various.
M. &
4
4 g. M."&
3^g. M. &
S.
"8.
S.
3**g. A.
&
O.
5
&
J.
g.
J.
pal, When
Due.
Stocks— Last
Dividend.
Apr.
Apr.
July
1,
1,
1.
1,
July
1,
1931
1981
do
do
1929
do
do
May
1933
do
do
To Dec, 1912
Townsend Whelen & Co. To June., 1913
N. Y. Mercantile Tr.Co. Apr. 1, 1916
N. Y. and St. Louis.
Oot. 1, 1923
N. Y. and Cleveland.
June 1, 1944
N.Y.,J.P.M.&Co.,&Lon. Jan. l, '05, 2%
N. Y. J. P. Morgan & Co. July 1, 1945
do
do
July 1, 1945
N. Y., Colonial Tr. Co. Jan. 1, 1953
do
do
July 1, 1953
N. Y, Farm. L. & Tr. Co. Dee. 1, 1927
do
do
July 1, 1927
N. Y., Gallatin Nat. Bk. Sept. 1, 1938
do
do
Feb. 1, 1947
N. Y., Guar. Trust Co. May 1, 1930
N. Y. Farm. L. & Tr. Co. Jan. 1, 1931
1st Nat.Bk.,Mobile,Ala May 1, 1949
N. Y., Farm. L. & Tr. Co.
To 1908
do
do
1919
N. Y., Gallatin Nat. Bk.
To 1908
N. Y.. Blair & Co.
Mr./OS-Mr/ll
N. Y., Equitable Tr. Co. To J'nel5,'12
N. Y., Knlokerb. Tr. Co. Sept. 1, 1991
N. Y., Gr. Cent. Station Mar. 1, 2002
Oct. 1, 1942
,
,
N. Y., Central Tr. Co.
1930
Stock.—Stock authorized, $10,000,000; outstanding, $6,070,600;
The voting power on $4,984,200 of the stock is exercised by
the general mortgage bondholders by virtue of the deposit In trust
par, $100.
under the general mortgage of the old debentures of 1879.
Bonds.— Under the general mortgage of 1888 there can be no foreclosure till four coupons are in default. Mortgage abstract, V. 47, p.
Interest on $4,000,000 St. Louis & Cairo 4s is
83. V. 60, p. 967.
guaranteed. As to Mont. Div. 1st 5s, see application V. 66, p. 1045.
In Mar., 1904. $1,250,000 equip nent bonds were sold. V. 78, p. 1392.
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were issuable In exchange for the $6,500,000 St. Louis <fe Cairo stock. See
V. 70, p. 532. In 1904 $6,492,000 stock had been exchanged.
Gross, $5,406,837; net, $1,786,066
Earnings.— 8 moa., ) 1904-5
July 1 to Feb. 28. 51903-4
Gross, 5,248,309; net, 1,749,048
Repobt.— Report for 1903-04 in V. 79. p. 2082.
1903.
Year end' g June 30— 1904.
1902.
1901.
Miles operated
912
874
874
874
Total gross earnings. $7,739,706 $7,486,980 $6,509,488 $6,139,912
Net earnings
2,275,809
2,339,796
2,020,302
1,807,061
Net, incLoth. income. 2,462,826
2,377,939
2,130,667
1,922,012
Interest and rentals. 1,677,587
1,630.663
1,589,107
1.555,310
Balance, surplus*.. $785,239
$747,276
$541,560
$366,702
* Equipment and new construction (additional to operating expenses) cost $389,416 in 1900-1, $417,510 In 1901-2, $334,650 in 1902-3,
and $451,799 in 1903-4; in 1902-3 dividends on stook, $107,412 (2 per
cent) were aleo paid, and in 1903-4, 2 p. c, $121,412— (V. 79, p. 2U82.)
(See Map N. Y. Central.)—Owns from
6c Malone
Herkimer, N. Y., to Malone with branches, 182 miles in all.
Histoby, Lease, Etc.— In 1893 N. Y. Central leased the road and
guaranteed its first mortgage bonds. New York Central owns the
$5,000,000 stock, on which dividends of 4 per cent yearly are paid.
In 1902 a new lease In perpetuity was made and $10,000,000
3*2 per cent consols authorized, of which $2,500,000 reserved
to retire at maturity the first mortgage bonds and $3,600,000
for Improvements and enlargements.— (V. 74, p. 630, 830, 937.)
Mohawk
KR.—
" Moiion."—See Chicago Indianapolis & Louisville Ry.
Monongahela RR.— Brownsville, Pa., to Redstone Jot., 35 m.,
connecting with the Pittsburgh & Lake Erie and Pittsburgh Virginia
& Charleston (Pennsylvania system lines), whloh guarantee the bonds
(see table above), prinoipal and int. by endorsement. Slock, $1,000.Pennsylvania RR. owned $714,000 each and Pittsburgh & Lake
Erie balance of the stock and bonds.
ITIouongaliela River RR.—Road from Fairmont to Clarksburg,
000.
Newton to Decatnr, not jet in operation in April, 1905.
Ralls (steel), 100 miles, 60 lbs.; 303 miles, 70 lbs.
Stock.—M. J. & K. C. BR
$4,000,000 common; par $100
Gulf & Chicago Ry
do
5,000,000
do 100
Bondb.-M. J. & K. C. BB. $4,00O,C0O 1st consol. mort., covering
£00 miles main track and valuable terminal property in Mobile Harbor; $36,(00 of old first mort. 5s 6tlll outstanding, for which equal
•
900,000
600,000
1,200,000
4,000,000
See text
7,000,000
1,000,000
9,472,000
4,000,000
2,497,000
4,000,000
200,000
248,000
1,000,000
1000 &c
struotion (gee above) and on terminal property at St. Louis, East St.
Luois, Cairo and Thebes, and 8,000 acres of coal lands in Illof the Union
Ry. of Meminois, and deposit of the bonds
phis. Additional bonds may be iesued up to a total of $50,000,000
at not over $30,000 per mile of main line for new construction, and
$15,000 per mile of second track and branch lines, but not exceeding
the actual cost, and for additional terminals, equipment, double
tracks, etc. See also above. V. 76. p. 543, 600, 1085: V. 77, p. 1875,
and application to list, V. 77, p. 2036. 2049; see also V. 78. p 1448.
Western guar. 5s of 1903 (American Central Trust Co.
Pine Bluff
of 5 1. Louis, trustee), see V. 78, p. 103; form V. 78, p. 769.
Eabnisgs.- For 10 months ending Oct. 31, 1904, gross, $16,13 8,781;
net, $5,255,173; other income, $1,2:6,325; charges, $4,242,773; bal.,
sur., $2,288,725.
Annual Repobt.— Report for 1904 in V. 80, p. 1109, showed:
1904.
1902.
Year ending Dec. 31—
1903.
Taxes, bridge exp., rent'ls,
Amount
acifie
Equipment trusts "A" & "B" (V. 71, p. 749), s. f.
Equipment trusts, series A C F
Equipment trusts, series "C." due eemi-ann.N.
Joint equipment notes ($9,500 due semi-ann.)...
Gross earnings
Bonds— Princi-
INTEREST OR DIVIDENDS.
or
Rate per When Where Payable, and by
of
Par
Payable
Cent.
Whom.
Road. Bonds Value. Outstanding
For explanation of oolumn headings, &c,
on first page of tables.
Net earnings
Other receipts
Total net income
Interest on bonds
1599
W. Va.. 31 miles. Road opened in 1890. B. &0. owns all of the $1,300,000 stock (par $100), the coal bonds being reduced te $1,000,000. Car
trust 6s, principal Apr. 1, 1902, $377,000.— (V. 70, p. 1092.)
Montana RR.— See page 1684.
Monterey & Mex. Gulf RR.—See Mex. Cent. Ry.— (V. 79, p. 968.)
Montgomery & Erie Rj.— (See Map Erie Railroad.)—Owns Montgomery to Goshen, N. Y., 10 m. Leased in 1872 to Ebie RR.—which
see.) Rental Is $16,000 per annum. Stock, $150,000. Dividends (4 la
p. o. per annum) are paid May 10 and Nov. 10. Sinking fund $6,500
per annum. There are $40,500 2d mort. 5s due Oot. 1, 1927.
Morgan's Louisiana & Texas RR. 6c SteamshlpCompany.
—( See Map of Southern Pacific.)— Road—Owns Algiers
to Cheney ville
205 miles; branches, 99 miles traokage to Alexandria, 24 miles; total
railroad lines, 328 miles; steamship lines and ferries, 806 miles.
Obganization.—The Southern Pacific Company owns all of the $15,000,000 stock, but road operated Independently since 1901.
In year ending June 30, 1901, gross, $4,799,708; net. lno. other
income, $2,358,660; sur. over charges, $1,630,002.— (V. 76, p. 543.)
Morris 6c Essex
(See Map or unaware Lackawanna <B
Western.)— Owns from Hoboken, N. J., to Phillipsburg, N. J., 85 miles;
branch, Denville, N. J., via Morris & Essex Tunnel, to Hoboken,
J
35miles; leases 37 miles; total operated, 157 miles.
Leased in perpetuity to Del. Laokawanna & West., which assumes
all liabilities and guarantees 7 p. o. per annum on stook.
Bonds.— Of the $35,000,000 1st refunding 3^s. $23,968,000 were reserved to retire existing bonds and $11,032,000 were applicable to
additions. V. 70, p. 480, 477; V. 71, p. 1167. Guaranty, V. 74, p. 1308.
Earnings.— Important to route with terminal facilities on N. Y. Harbor, but the earnings show a deficit after payment of rental (including
$1,050,000 dividends), viz.: In 1903, $449,121; In 1902, $595,976; in
1901, $1,415,179.-(V. 74, p. 1308.)
;
RR.—
N
Morrlstown 6c Erie RR.-OwnsMorrlstown.N J., to Whippany,
4 miles; branches, 9% miles, including branch from Whippany to Essex Fells, 7 miles, completed January, 1904. A consolidation In
August, 1903.
Stook, $400,000, all outstanding; par of shares, $100.
President, R.
Bonds are subject to oall for slukina: fund at any time.
W. McEwan, 11 Broadway, N. Y.— (V. 77, p. 511.)
Mount Carbon 6c Fort Carbon RR.—Owns Mt. Carbon to Port
Carbon. Pa., 3 miles; second traok, 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 6c South RR.— See page 1684.
Muskegon Grand Rapids
Grand Rapids to Muskegon,
6c
Indiana
Mich., 37 miles
;
RR.—Owns
trackage, G. R.
A
road.
Ind. at
1600
RAILWAY STOCKS AND BONDS.
Vol. lxxx.
:
:
RAILROADS.
Miles
of
For explanation of column headings, &c, see notes
on first page of
tables.
W
1st mortgage
Size, or
of
Par
i"."t«;"K"V^
guar. D. L. & W. U«tO*<fcr
1866 $1,000
1878
1,000
1880
1,000
1893
1,000
50
1864 500 &o.
1875
1,000
1900
1,000
102
157
204
"*85
,
Con. M. (for $25,000,000)
lrtref.mort.,g.,$35.000.000,gu.,p.&end.F.o*&r
-•
..
.
Special real estate bonds
Morris & Essex Extension stock, guar. 4 per oent.
Korrittown <6 Erie-lst M., $300,000, g., sink. fd..
M t. Carbon <£ Port Carbon RR Stock (rent'l guar.)
120
120
Var'us
100
1903
—
Jfuniwnp-lst mortgage,
So—
Date
Road. Bonds Value.
Montgomery <t Erie Ry.-Ut M. (old 7s ext. In "86)
Morgan's La. <t TezM-lstM.fNOr.toMorg. CO-Fo"
1st mortgage, Alexandria Extension, gold.F
...........
General mortgage. F..
Horris <& Essex—Stock, 7 p. o. guar. D. L. &
<&
.
-
RAILWAY STOCKS AND BONDS.
Apr., 1905.J
Muscatine No.
:
gold.................
1st M., $450,000, gold.
N
Muskegon Or. Rapids <t Indiana—1st M., gold.Ce.
NarraganseU Pier RR.— 1st mort., $100,000
Xashua Lowell— Stock, 9 p.o. rental, 92 yrs.B.&M.
Nashville Chattanooga <& 81. Louis— Stock
o*<fcr
1st mortgage (for $6,800,000)
1st M. on Fayette, and McM.brs. ($6,000 p.m.)o*<fcr
c*
1st mortgage on Lebanon Branch
1st M. on Jasper Br. ;«75,00o are 8s, due'06)Ce.c*
1st mortgage on Centreville Branch, gold.Ce.o*&r
o* &r
1st mortgage on Traoy City Branch
<£.
1,000
50
1900
1,000
1898 300 Ac.
1886
1,000
1896
1,000
100
100
1873
1,000
1877
1,000
1877
1,000
38
28
37
85
15
340
125
29
43 77-'83
46 1883
20 1887
48 1881
803 1888
119
-
1,000
1,000
1,000
Duck R. RR., 2d mortgage, now 1st mortgage, g.
1,000
OonsoL M. ($20,000,000) .$20,000 p.m.. gold. Us. o*
25
Nashville dt Decatur— Stock, gu. 7^ p. c. by L. & N.
VILLE.
Louisville
Nash
&
Nashville Florence dt Sheffield— See
r
red,105,beg.'O7
1902
Int.
rent.,
1,000
Nashv. Te m't— 1st M., g.,
National RR. of Mexico—
Prior lien M., $23,000,000, g., call at 105.Un.o*. 1,405 1901 500 <feo,
First consol. M., $60,000,000, g. (see text) .Ce.c* 1,405 1901 500 &o,
Grand Rapids, 3 miles. Operated by Grand Rapids &, Indiana RP.,
which was foreclosed in 1896; consideration, net earnings Stock,
authorized, $350,000; par,$100; issued, $1,000. Coupon of Jan., 1904,
paid in Feb., 1905. Earnings for year ending Deo. 31. 1904, gross,
$171,687; net, $40,351; int. on bonds, etc., $40,214.— (V. 79, p. 1332;
V. 80, p. 600.)
Nashville Chattanooga
&
St.
Louis By.— (See Map.)— Owns
from Chattanooga, Term., to Hickman, Ky., 320 miles; branches to
Lebanon, &c, 490 miles; leases Western & Atlantic, Chattanooga.
Tenn.. to Atlanta, Ga., 137 miles, and Memphis & Paduoah Division of
the Louis. & Nash., 254 miles. See V. 71, p. 544, 664, 864. Total operated July 1, 1904, 1,201 miles.
Organization.—A majority of the stock ($7,177,600) is owned by the
Louisville & Nashville, of which $5,501,500 is pledged under Its unified
mortgage, etc., so that the systems are operated in harmony. West'n &
Atl. is leased from State of Ga. till Dec. 27, 1919, at $420,012 per an.
DIVIDENDS ) 1888 1889 to 1892 *93 '94 '95 '93 '99 to '03 '04 1905.
3% 31* 4 y'rly None
4 Feb,2i*
5 yearly
since 1887... i 4i*
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
off at maturity; sufficient of the $20,000 p. m. are reserved for them.
Jointly with Louisville & Nashville guarantees $2,500,000 L. & N.
Terminal Co. bonds. See L. & N. V. 75, p. 1354. Guaranty of $21,000 Aetna Iron, Mfg., Mining & Oil 6s, V. 77, p. 2390.
Latest Earnings.—July 1 to Feb. 28 (8 months)
8 mos.
1904-5
1903 4
Gross.
Bal.,sur.
Interest, etc.
Net.
$6,694,254 $1,841,488 $1,202,458 $639,030
1,810,584
6,764,482
1,197,451
613,133
Annual Report.—Report for 1903-04 was In V. 79, p. 1637.
1904.
1903.
1902.
1901.
Tear ends June 30.
1,201
1,195
Mileage end of year...
1,195
1,195
Gross earnings
$10,206,022 $9,606,370 $7,992,530 $7,620,128
2,624,992
Net earnings
2,610,766
2,370,416
2,509,002
22.065
22,253
Investments, etc
18,297
18,130
Net Income
$2,643,289 $2,632,831 $2,388,546
on debtand tax.. .$1,183,286 $1,183,473 $1,196,957
Rentals
625,878
625,878
625,878
Miscellaneous
66,000
26,000
41,000
on
stock,
400,000
Dlv.
4 p. c.
Int.
P2.531.255
51,231,484
625,878
54,514
.
Balance
sur.$368,126 sr.$797,480 sr. $524,71 1 sr.$619,380
(V. 79, p 731, 1637; V. 80, p. 163.)
Nashville &. Decatur
(See Map Louisville <k Nashville.)—
Owns from Nashville, Tenn., to Decatur, Ala., 119 miles. Re-leased to
Louisville & Nashville in 1900 for 999 years, the rental being 71* per
oent on stock. The L. & N. July 1, 1904, owned $1,971,600 of the
stock.-(V. 68, p. 928; V. 69, p. 1012; V. 70, p. 1195.)
Nashville Terminal
Owns bridge across the Cumberland
River and 18 m of traok. Leased for 99 yrs. from May 1, 1902, to Tenn.
Cent. RR., which owns entire $1,000,000 stock. (V. 74, p. 577, 830.)
National RR. of lUexico.— (See Map.) —Operates a road extending from Corpus Christ!, Tex , on Gulf of Mexico, to City of Mexico, with branch to Uruapan, and various other branches, as follows:
Standard Gauge— Owned Miles
Narrow Gauge— Owntd. Miles
Laredo to City of Mexico
802 Colonia to Tacuba (3-rail traok) 3
Colonla to Tacuba(3 rail traok)
3 Acambaro to Gonzales
55
Clntura line (3 rail traok)
3 *Rlncon to Pozos
37
Salamanca to Jaral
22 *Vanegas to Matehuala
37
Controlled Secur. owned.
*Matamoros to San Miguel
75
-(V. 78, p. 103, 229;
RR.—
RR.—
.
—
—
Texas Mexloan Ry., Corpus
Leased
Christi to Laredo, Tex., and
Mlohoacan & Pacific Ry.,Mabranch
162
ravatlo to Zitacuaro
57
Total standard gauge
Narrow Gauge— Owned.
992
City of Mexico to Uruapan... .321
Total of
all (see
below)
1,577
Under construct'n (stand.gau.)
Monterey to San Mi guel (below) 148
San Juan to Salamanca
28
Being changed to standard gauge.
Also controls by ownership of a majority of stock the Mexican International RR., extending from connection with the Southern Paciflo
at Eagle Pass, Tex., to Durango, Mex., and to the National RR. of
at Mon terey, with branches, 880 miles in all. Interoceanlo Ry.
of. i,
Mexico (controlled— see below), 580 miles. Grand total system
to be about 3 200 miles. Of the extension from Monterey tj San
Miguel, 148 miles, practically completed in February, 1905, 84 miles
from Monterey to Aldamas, were operated.
The standard-gauging of the main line from Laredo to Gonzales and
the construction of the El Salto cutroff were completed during October,
1 J03 and standard-gaugo train service inaugurated
between Corpus
Christi and City of Mexico on Nov. 8, 1903.
Organization— Incorporated in Utah on Feb. 24, 1902. as successor
without foreclosureof Mexican Nat.RR., per plan in V.
73, p. 784.
Mexican Government, ETC.-In June, 1903, the Mexican Government purchased for $9,000,000 about 47 per cent of the entire outstanding stock. See V. 76, p. 1301; V. 77, p. 451.Nearly all of the $33,350.000 common
a „stock consented to the conversion of that stock
Alim 44^,.,.
a
* ., m
*
»a
into new 5 p. 0. Vl/W-I
non-cum.
"secondX preferred''
and "deferred" stock, to
.
...
Amount
Outstanding
1601
INTEREST OR DIVIDENDS.
When Where Payable, and by
Payable
Whom.
Cent.
Rate per
$130,000
5
M.
5,000,000
1,494,000
1,000,000
15,000,000
5,000,000
11,677,000
10,600,000
1,800,000
221,000
250,000
282,350
160,000
398,000
7
A.
S*
J.
J.
J.
7
3i* g.
4ifl
4
5
g.
12
g
i g
K
-
-
4^
g.
4g.
do
do
July
July
1,
1,
1,
1,
1926
1918
1920
1913
1914
1915
Deo.
2000
1912
May, 1905, 2%
Sept. 1. 1923
-
20,000,000
22,000,000
do
do
J.
J.
B'way Apr.
Jan. 1,'05, 3i*
i*
5g-
O. N.Y.,8.P.Co.,120
& West.
J.
750,000
F.
70,000
M
800,000
9
10,000,000 See text. F.
J.
7
6,300,000
J.
750,000
6
T.
300,000
6
446,000 6g. &8 J.
376,000
g J.
i
306,000
J.
22,000
eg. M
7,601,000
5g. A.
3,545,750
7* J.
1,000,000
May
Goshen, N. Y.
N.
When Due.
Stocks— Last
Dividend, %.
do
do
•T.
do
do
J.
do
do
do
J.
do
J.
M.
do
N.
do
M. & S. Brooklyn Tr. Co., N. Y.
J.&J.15 Phila., Read'g Term'l.
A. & 0. Am. Trust Co., CleveVd
J. & J. N.Y.,N.Y.Beo.&Tr. Co.
M.
7
7
A
&
&
&
&
&
&
&
&
&
8o7i(ts—f unci pal,
J.
J.
A.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
A
J.
N. Y., Del. Lack.
N.
D.
D.
May
June
1,
1,
1,
Jan. 15,'05,6%
Oot. 1, 1925
Jan. 1, 1929
J. Jan.,'04, pd.Feb., 1905. July 1, 1926
A. R.I.Hosp.Tr. Co., Prov. Aug. 1, 1916
N. Nashua, Indian Hd. Bk. May, 1905 4<a
A. N. Y. and Nashville. Feb.„'05,2i<3%
J. N.Y.. Hanover Nat. Bk. July 1, 1913
do
J.
do
Jan. 1, 1917
do
do
J.
Jan. 1, 1917
do
do
do
do
do
J.
J.
J.
N.
O.
J
Jan.,1906&'23
Jan. 1, 1923
Jan. 1906 to'17
do
do
Nov.
Apr.
Nashville.
J.
J.
do
do
do
Mere. Tr. Co.,
O.
do
&
1909
1928
Jan., 1905,
8t. Louis.
N. Y., Speyer
1,
1,
Co.
do
3\
Jan.
1,
1932
Oot.
Oct.
1,
1,
1926
1951
be issued at the rate of two shares of second preferred and one share of
deferred for every three shares of common stock, per plan V. 76, p
1192. The Government holds $10,000,000 first preferred, $9,343,900
second pref. and $10,628,800 deferred stock. V. 77, p. 1225, 2159
The National Company acquired the 41,038,000 Interoceanlo
Ry. of Mexico second debenture stock, the latter, with preference and
common
shares owned and since acquired, giving practical control,
thus securing for the Natioral a line from Mexloo to vera Uraz and an
outlet to the Gulf of Mexico. (See " General Finances " bel w .)
The Government also consented to the consolidation of the Na tional, Mexican International and Interoceanlo Kys., and grant an exclusive concession for 20 years from October 31, 1903, to construct a
road in a zone 50 kilometers wide with the Rio Grande Riveras the
northern boundary, and extending from the Gulf of Mexloo to a point
100 kilometers northwest of Ciudad Porflrio Diaz. (V. 77, p. 2159.)
Stock.— Common stock was $33,350,000, and pref. (now 1st pref.), 4
p. o. non-cum., $32,000,000, all outstanding. In Oot., 1903, the common stock was mostly exchanged for new 2d pref. stock (total Issue ta
he $22,233,333) and deferred stock (total Issue to be $11,116,666). Se©
above Outstanding, 1st pref., $30,063,600; 2d pref., $21,884,000;
deferred, $10,924,000; common. $796,400; par of shares, $100 each.
The first preferred has a prior right to 4 p. c, then second preferred 5
p. c; then 2d pref. and deferred share pro rata.
Bonds.—The new bonds are reserved as follows
Reserved.
Prior lien bonds. Total issue [except to refund, $ for $,
Mexican International RR. prior lien bonds, now
$5,850,000] not to exceed $23,000,000,of which are
reserved for general purposes
$3,000,000
First consolidated mortgage 4 percent gold bonds. Total
Issue [except to refund, $ for $, Mexican International RR. 1st consols, now $7,503,000] not to exoeed
$60,000,000, of which there are reserved
Reserved to retire new prior lien bonds wnen due
23,000,000
Reserved for improvements and new equipment, at
not exceeding $500,000 a year
6,000,000
Reserved for acquisitions of new property and for extensions at not exceeding $10,000 per mile of standard-gauge line, or $7,500 per mile of narrow-gauge
line, on which the consol. mortgage will be a first lien
9,000,000
The new issues of bonds are secured by a first and second
respectively, on all the property of the Company now
lien,
owned or provided for under the readjustment and the El Salto extension when constructed, and also upon the securities of the Texas Mexican Ry., and the consol mortgage has also a first lien on $15,786,100
of the $20,708,200 capital stock and all of the $4,499,000 incomes
of Mexican International. Of the $22,000,000 consols issued, $756,500 Jan, 1, 1904, were in treasury, or pledged for gold notes of 1903.
Of the Mexican International consol. 4s, $5,613,000 are guaranteed
principal and interest. See that company's statement; also V. 75, p. 77
General Finances.— In 1903, $8,300,000 two-year 5 p. 0. notes
(authorized Issue, $10,000,000), were sold to pay for control of Inter
oceanic Ry., dated Oct. 1, 1903. They are subject to call at par on
60 days notice; denominations, $1,000 and $5,000 each. They are
securedby deposit of 41,038,400 Interoceanlo Ry. of Mexico second
debenture stk., 41,251,830 ordinary and 4102,000 seven p. c. cum. pf.
stock, $3,000,000 Mexican International 1st consol (stamped guaranteed) and $747,500 Nat. RR. of Mexico 1st consols. The remaining
$1,500,000 notes may be issued on deposit of additional security.
Earnings.— 2 months, ? 1905
Gross, $1,930,506; net, $594,572
Jan. 1 to Feb. 2 4. {1904
Gross, 1,903,705; net, 544,111
Above figures are in Mexican ourrency. See also V. 77, p. 1225.
Annual Report.— Fiscal year ends Deo. 31. Report for 1903, with
the hal. sheet, etc., was given in V. 78, p. 1442, 1450. Gross and
net earnings below are given in Mexican currency, the income account in TJ. S. currency. For earnings of the Mexloan International
(operated separately) see statement of that company.
EARNINGS— (U. 8. CURRENCY EXCEPT GROSS EARNINGS.)
Year ending Dec. 31—
1904.
1902.
1903
Average miles operated
1,349
1,452
Gross earns. (Mexican currency).,$ll,569,247 $11,344,019 $9,262,860
Net earnings (Mexican cmrenoy). 3,864,576
3,70.9,430 3,214,176
Net earns. (United States currency)
1,563,036 1,329,429
INCOME ACCOUNT — (UNITED STATES CURRENCY.)
Net earnings
&
exeb..
Int. on bonds, etc.
Int., disc.
19C3.
1902
$1,663,0>6 $1,329, «29
2S.858
1.S.687
336,386
383,597
Gain on Mexican
money
asjets
Deduct—
Taxes and rentals.
Interest on bonds.
Loss on xMcxican
money
156,898
$2,077,678 U,7s!8.658
1802.
118,481
1,657,298
119,987
assets
Trans Mexicanlty.
net earnings
Total
1903.
$28,824
1,867,861
Total
72,262
$1,G68,B47 $1,696,707
$82,848
Surplusfor year
»10.-v:81
Directors.— Cleveland H. Dod^e, J. G. Metcalfe, Adrian H. Iselln Jr., J. N
Wallace, Charles II. Tweed, Joseph P. Cotton ,lr., M. M. Reynolds, all of NewYork; L. F. Loree, Baltimore, Md.; Ernesto Madero, Monterey; Gulllermo de
Landa y Escandon, Emtlio vela«co. E. N. Brown, Jose de Landero, Pabio
Macedo, Santiago Meudez and Miguel de Iturbe. all of City of Mexico.
Officers.— President, E. N. Brown; Vlce-Piesident, D. P. Bonnet;
Treasurer, J. M. Frazer; Secretary, A Arraig. N. Y. office. 30 Pine St.
-(V. 78, p. 288, 769. 1442, 1447, 1450; V. 80, p. 1363, 1424.
RAILWAY STOCKS AND BONDS.
1602
[Vol. lxxx.
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MAP OF THE
3&«°J aJo-.
fiibi
NATIONAL R. R. OF MEXIC^
MEXICAN INTERNATIONAL R. R.
AND
«
nMMH NATIONAL RAILROAD OF MEXICO
sKammMEXiCAN international
r. r.
1
M
Cuicatla
t.Chilpancingo
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O
INTEROCEANIC RY. OF MEXICO
*
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Verde,
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Cuixtla
Apr., 1905.
RAILWAY STOCKS AND BONDS.
j
RAILROADS.
For explanation of column
on first page
headings, &o., see notes
of tables.
M ex.-(Oon.)-Co\.uotes, $lO,000,000,g.red
New Haven & Hartford.
Nat.of
Naugatuck-See N. Y.
Xevdda-Oalif.-Oregon.-lBt M. $1,500,000. gold
Nevada Central-1st M.,g., non cum., Ino. (s. f.).Ce
Nevada Co. Narrow Gauge-lBt mortgage .......
Newburg Dutchess dt Connecticut—Col. trust bds.Ce
••-•*
Income mortgage for $1 ,625.000
N.Eng. -Con.{novr
N
M.,$17,500,000,g.gu.Ma.o*
1st)
Y.&N.E. Bos.Term.'istMV, $i,'50b\'o6o. A B*.!c&r
Miles
Date
Size, or
of
of
Par
Mex. Ry.
dt
Coal—1st
& con. & col. tr.
144
94
22 »fl
59
59
359
359
....
M., g.Col
Collat. trust, gold ($3,000,000) red. at 105.N...
Gen. M., $3,000,000, g., red. See text. Col
Alam. & Sac. Mt. 1st M., $900,000, g., guar...N
ElPaso&RookI.,lstM.,$2,500,000,g.,gu.Col.C
Dawson Ry. & Coal. Coll. tr., g., gu. p. & l.Col.o*
New Orleans Ot. Northern-1st M., gold, see text..
Hew Orleans <6 North Eastern— Stock, $6,000,000...
- ..o*
Prior lien M.,g. Ce
1st mortgage,
gold.F
o*
1899
1,000
1SSS
1,000
1896
1,000
1891 500 &o.
1877
1,000
1895
1,000
1895
1,000
1889
1,000
165
31
128
133
196
196
196
196
196
m
1,000
1,000
Nesquehonlng Valley RR.— Owns from Nesquehoning Junction,
Tamenend, Pa., 17 miles; Tunnel Branch to Lansford, Pa., 1 mile.
Leased for 999 years to the Lehigh Coal & Navigation Co., which called
the stock for payment at par and interest on Sept. 1, 1904, and holds it
in its treasury see "Delaware Division Canal" V. 66, p. 1139.— (V. 79,
Pa., to
;
p. 103.)
Nevada-Callfornla-OregonRy.—Reno,
Nev., to Madeline, Cal.«
144 miles; extension proposed to Lake View, Ore., 95 miles. The Sierra
Valleys RR., Plumas to Mohawk, Cal., 37 miles, is controlled, but
operated independently. V. 79, p. 2641. Stock, common, $1,450,000;
preferred, $750,000, all outstanding. During 1901-2 6 p. c. bonds
all
exchanged for
5s.
Earnings— 8 months, > 1904-5
Gross, $146,286; net, $65,488
$1903-4
..Gross, 130,002; net, 52,230
July 1 to Feb. 28.
Surplus over oharges, $48,230 in 1904-5, against $34,755 in 1903-4Report for year 1903-4 was in V. 79, p. 2641, showing, gross, $194,835; net, $81,735; int., taxes, etc., $38,421; balance, sur., $43,314.
Pres., D. C. Moran, 68 Wm. St., N.Y.— (V. 79, p. 2456, 2641.)
Battle Mtn., Nev., to Austin, Nev., 94
Nevada Central
miles, narrow gauge. Stock, $750,000. Earnings for 1903-04, gross,
$29,261; net, $3,705; no interest paid by railroad. Pres., J. G. Phelps
RR.—
Stokes. -(V. 74, p. 379.)
Nevada Comity NarrowGanje
RR
—Colfax to Nevada City,
Stock, $250,200; par of shares, $100 each. Dividend
of 5 p. o. (fourth since organization was paid Dec, 1903; in 1904,
Mar., 5p a; Nov., 5 p. c. Bonds: $225,000 first 7s, payable in annual
instalments increasing from *4,000 in 1902 to $20,000 in 1924. Year
1904. gross, $128,135; net, $37,997. In 1903, gross, $129,086; net,
$50,242; interest, $16,430; improv'ts, bonds redeemed, etc. $7,467;
dividends (5 p. c), $12,510; bal., surplus, $13,735. Pres., Mrs. 8. A.
Kidder, Grass Valley, CaL (V. 79, p. 2796.)
Newark Somerset Ac Straits.— Sold to B. & O. See V. 70, p. 792
Brunswick Coal Ac Rail way.— See page 1684.
Cal., 22*9 miles.
New
Newburg Dutchess Ac Connecticut RR.— Owns from Dutchess
Junction, N7Y., to MiUerton, N. Y., 59 miles. A reorganization in 1877.
Stock, Etc.—Common, $500,000; pref., $600,000; par $50. There
were June 30, 1904, $221,000 coll. trust 5s; $1,164,500 income 6s. In
year ending June 30, 1904, gross, $171,413; net, $25,556; other income, $725; interest, taxes, etc, $19,483; bal., surplus, $6,798.— (V.
65, p. 568.)
New England RR.-N. Y.New
Haven &
Hart., leased the road,
which includes: Lines owned. Boston to Hopewell Junction, N. Y., 215
miles, and branohes to Springfield, Mass., Providence, R. I., etc., 144
miles. Lines leased (see each company), Norwich & Worcester RR., 72
miles; Providence & Springfield RR., 28 m.; Woonsocket & Pascoag
RR.,9m.; other lines, 38 miles; trackage, 29 miles; total, 535 miles.
History.—In June, 1904, there was held by the lessee all except
$15,200 of the $20,000,000 common and $9,000 of the $5,000,000 pref.
stock. V. 66, p. 384, 617, 1002; V. 69, p. 1012. In Apr., 1905, merger
with the New Haven road was pending. V. 79, p. 2796.
Bonds.— See guaranty of consols by N. Y. New Haven & Hartford
RR. V. 64, p. 611; $10,000,000, bearing 4 p. o. interest, were sold to retire lsts on Jan. 1, 1905.— (V. 79, p. 501, 628, 1266, 2748.)
New Jersey Junction RR.—Terminal road through Jersey City,
Hoboken *uu Weehawken, about 5 miles. Leased for 100 years from
June 30, lbS6, to New York Central which guarantees the bonds absolutely and owns $100,000 stock. Connects with National Dooks Ry.
New Jersey Ac New York RR.—Owns from Erie Junction, N. J.,
to Garnerville, N. Y., 29 miles branohes to New City, etc., 5 miles operates to Haverstraw, etc, 14 miles total operated, 48 miles. Erie RR.
in April, 1896, purchased control.
Stock, $1,440,800 oommon; $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. Year
dln
June 30 1904 e™ 88 $386,280; net, #52,016; interest, etc.,
S£
$61,390; improvements, $5,985; bal., def., $15,359.— (V. 65, p. 822.)
New Jersey Ac Pennsylvania RR.—Whirehouse to M >rrlstown, N.J. ,26 miles. A consolidation of Rockaway Valley Ry. and
Speedwell Lake RR. Incorporated Deo. 21, 1904. Stock, $210,000;
outstanding $145,000. The $1,000,000 mortgage (see above) was
made to pay all outstanding obligations and *12f>,000 Rock tway Valley
bonds, due Apr. 1, 1906, most of which have been retired. The Corporation Trust Co. of New Jersey is mortgage trustee. V.
80, p. 222.
ine bonds have all been issued, but in March, 1905, were
held in
company s treasury. Gross earns, for year 1904 were
about $73,000.
^/Lac obU8; Sec and Tj ea8 Loal8 E Spencer. Offloe,
37 WaUSt
:
;
;
^
New
'
NY
'
'
-'
-
-
fi
Jersey Terminal Ry.— See page 1684.
ldon fo thern RR.-Owns from New London, Conn.,
T,i?R^tVioK
r? /
th London derry, Vt., 158 miles. See V. 76,
p! 130lfv 80
87i
r
ear8 trom D ec 1,1891, to Central Vermont. The
rJZf^f* i?i ^*? er ann m
leaves a small surplus after pro? a d 9? perwmch
vidini VL* 7„M etc
cent dividends. Taxes and lmprove™vr,?« ,,, It ,>S
?I:i ee, - H
without claim on New London Northern.
y l688
8
r 18 2 7
to 1893,
% yearl y» «»en 8% yearly
;\
tn Oct..
oTt 1904
1 on?
and linee
since to
tool.), „?
76'p.
2H p. c quar.
'
n.vm™
i
^
'
(9 p. an.)-V.
1301.
«o«1.-(«m -Map) .-Owns El Paso & Northeastern" Ry.,
Rv° from
frnm El
fi*p.£
eastern
Paso, Texas, northeast 165 miles, to the Salado
X
519,000
750,000
225,000
221,000
1,164,500
5,000,000
10,000,000
1,500,000
FORD.
1,700,000
5
g.
A.
&
O.
& N.
& J.
& J.
M. & N.
& J.
& J.
& O.
F. & A,
5g. J. & J.
g A. & O
Q.-J.
a
4&5 J. & J.
A. & O.
A. & O.
6 g. J. & D,
5 g. A. dt O
5g. J. & J
M.
J.
J.
See text.
250,000
1,500,000
1,500,000
1,792,000
3,000,000
1,886,000
322,000
2,500,000
J
3,000,000
5g. J.
5,000,000
5 g.
6,000,000 3 in 1904 Yeariy,
6g. A. & O.
1,320,000
100,000
6g. J. & J,
5,260,000
4^ g. J. & J
Up to 4^ p. 0.
1,500,000
3,500,000
*g. J. & J
-
1901
1897
1,000
1903 500, &o.
1898
1,000
1901
1,000
1901
1,000
1905
100
1885
1,000
1881
1,000
1902
1,000
1902
1,000
1903 1.000&0
c
General mortgage, $8,000,000, gold.F
Income mort. (non-ouni.), $1,500,000, gold.N...r
New Orl. Term.— 1st M., $15,000,000, g.,gu.S.c*<fer ....
Newport dt Oincin. Bridge.— Bee Louisville <fe Na BHVIL LE.
NcwPndtNorthw.— lstM.,$2,500,000,g.,red.textOB 102 1902
102 1903
Funding mort., $300,000, redeemable at par...
were
Rate per When Where Payable, and by
Outstanding Cent.
Payable
Whom.
1903 l.OOO&c $8,500,000
New Haven & Northampton-See New York N EW H AVEN & Hart
5 1886
1,000
New Jersey Junction— 1st. M., guar., $4,000,000.cfcr
New Jersey dt New York— See Erie RR. Co.
26 1905
1,000
New Jersey <& Pennsylvania— 1st M.. *1, 000,000, g
7 1901
1,000
New Jersey Terminal— 1st mort., $250,000. Col.-..
121
100
New London Northern— Stook
c*
121 1880
1,000
Consolidated M., now 1st M. ($688,000 are 4s).
N
INTEREST OR DIVIDENDS.
Amount
Road. Bonds Value.
—
1603
&
2,270,000
See text.
A.
g
t
5 g. J.
-
& O,
& D
Bonds — PruiolDue.
pal, When
Stocks— Last
Dividend.
Oot.
1,
May
1,
See text.
July
'2.
Wells, F.
Co., S. Fran.
N. Y., Central Trust Co.
May
N. Y.,
Moran
Bros.
&
To
None ever paid.
June
Boston, S. Dep.& Tr Co. July
do
do
July
Coup. ,ottioe;reg. .mailed Apr.
N. Y. Cent.
& Hud.
1905
1919
1938
1924
1, 1921
1, 1977
1. 1945
1. 1945
1. 1939
Feb.
1,
1986
Corp'n Tr. Co.,Jer. City Jan.
1,
1930
Riv.
N. Y., Colonial Tr. Co.
New London, Oflioe.
Oct. 1, 1931
Apr., 1905,12^
N. Y., Bk. of No. Amer. July 1, 1910
N. Y., Colonial Tr. Co. Oot. 1, 1951
N. Y.,N. Y. 8eo.& Trust. Oot. 1, 1947
New
York.
do
do
N. Y., Colonial Tr. Co
do
do
New Orleans, La.
N. Y., Central Trust Co.
N. Y. Miiller, Schall&Co.
N. Y., Farm. L.
Tr. Co.
g. (if earned) on Deo. 1.
N. Y., Standard Tr. Co.
,
&
Old Col. Tr. Co., Boston.
June
Apr.
Jan.
July
1928
1928
1, 1951
1. 1951
1955
Deo. 1,'04,3%
Nov. 1, 1915
Jan 1911
Jan. 1, 1952
July 1, 1958
July 1, 1953
1
1,
,
Oot. 1.
Deo.
1,
1932
1913
&
Rock Island Ry., Carrizosa
Coal fields; controls and operates El Paso
to Santa Rosa, 128 miles, opened 1902; Alamogordo & Sacramento
Mt. Ry., Alamogordo, N. M., to Russia, 31 m.; Dawson Ry. A.Coal Co.,
Liberty. N. M., to Dawson, 133 miles, opened in 1903; total, 457 m.
In Feb., 1902, the El Paso & Rook Island Ry., with $2,500,000 stock,
Coal, and $2,500,000 5
of which 60 per cent owned by the N. M. Ry.
per cent guaranteed 50-year bonds, has close traffic agreement with
Chic. Rook Island & Pac for 9S9 years. V. 71, p. 1219.
&
The Dawson Railway & Coal Company, stock $3,000,000, has Issued
$3,000,000 collateral trust bonds which are guaranteed, prinolpal and
Interest, and are secured by the stock and bonds ($3,000,000 each)
of the Dawson Ry. and those of the Dawson Fuel Co. ($1,000,000 each)
the latter owning about 25,000 acres of coal, mineral and timber lands,
V. 73, p. 900; V. 74, p. 776.
Stock.— Stock, oom., $3,000,000; pref., 5 p. c non-cum., $1,000,000.
Bonds— Coll. trust 5s of 1897 are secured by deposit of all stook and
bonds of El Paso & Northeastern Ry. of New Mex. ($2,700,000 of each),
the stock of the El Paso & N. E. RR. of Texas, $300,000 (no bonds Issued) and all the stook ($2,500,000) and all the bonds ($1,500,000) of
the New Mexico Fuel Co. the latter covering 3,500 acres of coal lands.
Of the first and consolidated and collateral trust 5s of 1901, $3,000.000 are reserved to retire the collateral trust 5s of 1897 and $2,000,000
are applicable for improvements and new equipment. V. 74, p. 776.
The general 6s of 1903 are subject to call as a whole at 105 at any
time; or on any June 1 beginning 1909, not exceeding $150,000 may
be drawn at par by lot Equipment trusts Dec. 31, 1903, $833,940.
In Dec, 1904, purchased equipment, $289,032 of cost being payable
$8,029 monthly. V. 79, p. 2796.
The bonds of the Alamogordo & Sacramento M't'n Ry., of the El
Paso & Rook Island and those of the Dawson Ry.
Goal Co. are
guaranteed. See above. Report for year ending Dec. 31, 1903, was in
V. 78, p. 1959, showing net earnings of subordinate companies, $428.556; interest, $266,770; taxes, $3,535; bal.. sur., $158,251. New York
office, 68 William St.— (V. 78, p. 1959; V. 79, p. 2796.)
Orleans Great Northern
Owns Pearl River to Folsom, La., 36 miles; branch to Mandevllle, 12 miles; trackage, Pearl
River to New Orleans, 36 miles; total, 84 miles. Extension to be
built from Folsom, La., to Jackson, Miss , making a main line 200
miles long from Jackson to New Orleans; also to be extended later
westerly to Natchez. In March, 1 905, extension was let from Slidell,
La., to China Grove, 65 miles. Controlled by Great Southern Lumber
Co., owning about 325,000 acres of pine timber. V. 80, p. 998, 1235.
Successor to East La. RR. Year ending June 30, 1904, gross, $107,615; net, $27,070. F. H. Goodyear, Prest.; C. W. Goodyear, Vlce-Prest.;
C. I. James, Secy; M. E. Olmstead. James D. Laoey, N. G. Pearsall;
Manager, E. H. Farrar.— V. 80, p. 998, 1235.
,
&
New
New
RR.—
RR.—
New Orleans, La., to
Stock, $6,000,000 (par, $100), of which
$5,320,000 and $4,900,000 gen. 4>«8 and $1,500,000 lnoomes were held
in June, 1903, by Ala. New Orleans Texas & Pac June Ry.
Reorganized in 1902 per plan In V. 74, p. 681. Dividend on stook, 3
p. c, paid Not. 2, 1903; Dec 1, ln04,3 p.o. Of the gen. 4*38, $4,900,000
were Issued in exchange for 1st 6s, $1,420,000 are reserved to retire
the remaining prior lien bonds and $1,320,000 for future requirements. Car trusts June 30, 1904, $6,462.
Earnings.— For 9 months ending Mar. 31,1905, gross, $1,850,724,
against $1,874,426 In 1903-4. Report for 1903-04, V. 79, p. 2584.
Tr. end. June 30.
Cross.
Net.
Other inc. Int., etc.
Balance.
Orleans
Ac
North Eastern
Meridian, Miss., 196 miles.
1903-04
1902-03
$628,450 $15,702 $389,400
$254,752
627,472 11,461
385,124
253,809
Div. of 3 p. c calls for $180,000 yearly— (V. 79, p. 2584, 2588.)
New Orleans & Northwestern RR.— Owns from Vidalia, La.,
northwesterly to Arkansas State line, 115 miles. Stock, $1,499,100,
all acquired by Iron Mtn. (Mo. Pac. system). V. 75, p. 1400.
New Orleans Terminal Co.— Owns extensive terminal property
at New Orleans and a belt railroad around the city, leasea to the
St. Louis & San Francisco and Southern Ry. for 99 years from July 1,
1903, rental covering all expenses of operations, maintenance and
charges. Southern Ry. and St. Louis & San Fran, each own half of the
$2,000,000 outstanding stook ($5,000,000 authorized) and jointly guarantee the bonds (see table above); issued $3,500,000. See V. 78, p.
.$2,416,967
2,285,036
343, 1447; V. 79, p. 1466.— (V. 79, p. 152, 1642.)
Newport Ac Cincinnati Bridge Co.—See Louisville & Nashville.
Newton Ac Northwestern RR.—Owns Newton to Rockwell
102 miles. Completed early In 1904.
Stock, $2,500,000, of which $500,000 is 6 p. c. non-cumulative pref.;
First mortgage bonds are subject to call on any inall outstanding.
terest day at 110 and Interest.
Both mortgages cover road and 3,218
acres bituminous coal lands total output of latter to be 1,500 tons
daily. V. 78, p, 49, 703.
President, Hamilton Browne, Fraser, la.;
Secretary, Chas. F. Cushman, Boston, Mass.— (V. 78, p. 49, 1275.)
City, la.,
;
New York Brooklyn
Ac
Manhattan Beach Ry.— Owns from
Fresh Pond Junction to Manhattan Beaoh (Coney Island), and branohes
to Bay Ridge and Greenpolnt, 18 miles, of which 16 miles double traok.
Lease, Etc.- A consolidation August 27. 1885. Leased for 99 years
from May 1, 1882, to the Long Island RR. Co. Rental, Interest on
bonds and 5 p. con pref. stook. Com. stook is $350,000.
Bonds.—The L. I. RR. has attached to the bonds its unoondltiona
guaranty of prln. and int. in addition to facts as to lease.— (V. 73, p. 32.
RAILWAY STOCKS AND BONDS.
1604
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RAILWAY STOCKS AND BONDS.
Apr., 1905.
RAILROADS.
for explanation of ooluinn headings, Ac, see notes
on first page of
tables.
Miles
of
B'klyndt
18
18
.
1st oon.
see. < o*&r
s. f., $13,194,000. ? Fq.
Refund.M., $100,000,000, g.Ce < by mort. ) o*&r.
Oollat. trust, g. ($100,000,000) L. 8h. stk.G.0*Ar
($21,650,000) Mich. Cent. stk..G
do
do
Debentures (V. 69, p. 1102; V. 71, p. 502, 964)..
o*Ar
Debentures, $50,000,000, gold. Us
If. Y. Ohicagott St. Louis—Common stock
2d preferred (5 per oent, non-cumulative)
1st preferred (5 per cent non-cumulative)
Oe.o*Ar
IstM., gold, sinking fund not drawn
Equip, tr. "B" g. $23,000 due yrly Feb.l5.,Ce.o<fer
Equipment notes, $20,000 due semi-annually...
if. Y. <£ Oreenw.L.— Prior lien M.,gu. p. «fei...N.gxc'
N. Y. <t Harlem—Common, 14 p. c. 10% guar
Preferred stock, 14 per cent, 10% guar
Berundlng M. (now 1st), $12,000,000, g...GC&r
N. Y. <t Jersey— lstM.,$7,000,000,red. atllO.G.c*
N. Y Lacka. A Western—Stock, guar. 5 p. ot., end.
F.c*
1st mortgage, guar, by Del. Lack. & West
Constr. mort., guar, by Del. Lack. & W., end.F.c*
3d M. Ter. Imp. ($5,000,000), gu. p. & 1., end..F.
Sew York Lake Erie dk Western— See Erie RR.
N. Y. *£. Br.-Gen.^M. (now 1st) > $2>500> 000, g.c
Debent's.g.,
.
a Aa reported Nov., 1904
Par
|
819
523
523
523
505
53
145
145
136
2*14
214
214
214
38
38
$100
1885
100
500 &0.
l.OOO&o
l.OOO&o
l.OOO&c
l,000&o
1853
1890
1897
1898
1898
1900
1C04
l.OOO&c
100
100
100
1887
1,000
1896
1,000
1900 20,000
1896
lOO&c
50
50
1897 1,000*0
1902
1,000
100
1880
1,000
1883
1,000
1890
1,000
1891
1891
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).
New York Central All ndso 11 River R R.— (See Map.)—
Lvn.es owned.
New York to
— Operated separately.
Controlled
Miles.
441
371
Buffalo
& Mich So
Michigan Central
N. Y. Chic & St. Louis RR.
Lake Erie & Western
Lake Shore
111,4*4
Branches
1T1.653
H 523
Lines leased. IT See this co.
if ) QQA
West Shore
H 479
88U
U 5
6 Northern Ohio
Troy <fe Greenbush
IT
"Big
Four"
System
112,335
Spuyten Duyvil & Pt. M, .
6
137 Indiana Illinois & Iowa.... H 250
Sew York & Harlem
IT
208
IT
5 Cincinnati Northern
New Jersey Junotion
if
133
P.ome Watertown & Og
H 624 Detroit Tol. & Milwaukee..
91
Mohawk & Malone
182 Dunkirk All. V. & Pitts.. ..IT
11
46 Pitts. & Lake Erie system.. IT 191
Carthage & Adirondack
if
65
Gouverneur & Oswegatchlell
13 St. Lawrence & Adiroadaeklf
New York & Putnam
59
H
Boston & Albany
393 Total owned and controlled
IT
Jan. 1, 1905 (321 miles 4Fall Brook Ry., etc
231
1T
traoked)
11,388
Beech Creek RR
163
IT
Beech Cr'k Exten. RR etc.fi 110
Control since acquired
Wallkill VaUey
415
33 Rutland RR
1T
Operated under contract.—
N. Y. & Ottawa
128
IT
Terminal Ry. of Buffalo ... IF
11
Trackage
205
Total In earnings
3,515
History, &c— Control of the Lake Shore and Michigan Central roads
was acquired in 1898, as stated below. Their earnings are reported
separately, but the dividends on their shares held by the Central are included in the Item " other lnoome," offset in part by interest on the collateral bonds Issued for their purchase. V. 71, p. 502; V. 78, p. 48.
.
.
.
—
,
In Jan., 1900, control of the Lake Erie & Western was acquired, also
a large Interest in the Cleve. Cin. Chio. & St. Louis, Increasing the
Vanderbilt interest in the latter to an absolute majority. The Central
has since transferred its holdings In these companies to the Lake Shore,
which see; also see V. 78, p. 48. In 1900 an understanding was reached
between the Vanderbilt and the Pennsylvania interests, by which the
latter beoame Jointly interested in Ches. & Ohio Ry. V. 70, p. 76, 125,
1049. Holdings of Vanderbilt estate, V. 71, p. 1221.
The New York & Ottawa, Tupper Lake, N. Y., to Ottawa, Canada,
128 miles, was acquired at foreclosure sale Deo. 22, 1904, ani in Jan.,
1905, control of the Rutland & St. Lawrence & Adirondack. V. 79, p.
2589, 2648, 2796; V. 80, p. 222, 1240.
Stock.—Dividends on stook registered in London are payable in gold
at 49>2d. to dollar. As to new issues, see " General Finances" below.
Dividends sinoe
$'92. '93. '94. '95. '96-98. '99. '00-'03. '04.
1905
1891. Percent. (514
5yly. 5ToApr.,2ia
5
5 4H 4yrly.
4
Bonds.—Description of debentures of 1890 was on page 3 of Supplement ot 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 $t>4,047,000 had been issued in Oct., 1904, to retire
$61,700,000 old bonds and $11,362,000 for the general purposes of
the company; of the balance, $9,591,000 was reserved to retire
$8,676,000 existing bonds still outstanding; the remainder ($15,000,000) is reserved for new construction after 1903. V 77, p. 452.
Collateral trust 3^s of 1898 are secured by deposit of stock of the
Lake Shore & Michigan Southern and Michigan Central RRs. at the
rate of $100 of L. 8. & M. S. stock for each $200 of bonds and $100
of Mich. Cent, stock for each $115 of bonds outstanding. The total
authorized issues of 3*28 are $100,000,000 for Lake Shore and $21,550,000 for Michigan Central. See V. 66, p. 288, 336, 760, 811.
In 1904 $5,000,000 one year 4ig p.
notes dated Mar. 1, 1904, were
sold. V. 78, p. 989. As to debentures of 1904, see "Finances" below.
Guaranties.—The company guarantees the securities of its leased
lines to a considerable aggregate— see separate statement for each 00mpany marked with a fi in the table of mileage preceding. It also guarantees Western Transit Co. 3>as for $1,000,000 due February, 1923.
General finances.-To Oct., 1904, about $61,700,000 old bonds had
been refunded; annual saving in interest charges abou, $l,4t 0,000.
4
k £.' P tt
? y,-, 76, ?• 159 In June 1903 various roads controlled
;
-
<
>
n . tl)llt| Morgan and Pennsvlvanla irterests purchased
SI<i??oA^
$6,924,200 of the $11,000,000 Hooking Valley Ry. common stock.
See that company and V. 77, p. 1225
In Jan., 1904, dividend rate on Lake Shore stock was raised "from
7 to 8 p 0., equal to an increase of $450,000 annually in the other
me
Central v 77 P- 23 9°: V. 79, p. 1336.
o^*Yi
190^,
$15,000,000 stock was issued at par to provide new
and on Apr. 16, 1902, the stockholders voted to lnorease
the stock from $115,000,000 to
$150,000,000, $16,912,900 of the new
"^"ffaubsorlbed for D 7 stockholders pro rata at $125 per
V?~JL
74,
15
p,
«"
!„???;.
i^ A Portion of the proceeds will be used for the
UDHtHutlon of. electricity
for steam on New York suburban division
ana New York terminal improvements, estimated to cost $20,000,000,
1
AnrJi
l t
-
,
1
.^tS
i
rolling
stock,
>
,
-
-
Outstanding
j«ond«-PrinclINTEREST OR DIVIDENDS.
pal.When Dee.
When Where Payable, and by Stocks— Last
Rate per
Whom.
Payable
Cent.
Dividend.
A. & O.
Checks mailed.
5
$650,000
5 g. A. & O. N. Y., Corbln Bank'g Co.
1,726,000
132.250.000 5 in 1904 Q.-J. N. Y.. Gr. Cent'l Stafn.
4g. M. & N. N. Y., Gr. Cent. Station,
a3,577,500
a5,094,00O
do
do
4g. J. & D.
& J.
do
do
76,036,000
3»a g.
3i*g.
& A.
do
do
90,578,400
&
A.
do
19,336,445
3 ^g.
do
& J.
do
do
5,500,000
3^g
& N.
New York.
4 g.
30,000,000
14,000,000
11,000,000 3 In 1905 March. N. Y., Gr. Cent. Station
do
do
5,000,000 5 In 1905 March.
19,425,000
4g. A. & O. N. Y., Union Trust Co,
F.&A 15 N. Y., Central Trust Co
5
166,000
4^ J. & D. N. Y., Nat. City Bank.
240,000
5g. M. & N. N.Y.,21CortlandtSt.
1,500,000
8,656,050 See text. See text N. Y., Gr. Cent. Station,
do
do
1,343,950 See text. See text
do
do
12,000,000
3»a g. M. & N.
A.
N.
Y., Guaranty Tr. Co,
5 g- P. &
4,500,000
N.
by
Q.-J.
Y.,
Del. Laok.& W,
5
10,000,000
J. & J.
do
do
6
12,000,000
A.
F.
&
do
do
5
5,000,000
M. & N.
do
4
do
5,000,000
192,000
1,699,000
refu nding began
Whitehall, N. Y., to Rouse's Point,
York Canada
N. Y., 113 miles; branches, 38 miles. Stock, $4,000,000 common and
$f 000,000 5 p 0. non-cumulative preferred, all owned by the Del.
& Hudson. Bonds retired May 1, 1904.-(V.79, p. 786, 968, 2697.)
Nashua & Lowell
Amount
1,000
1,000
wh en
the amount out standi ng
;
1,000
RR.—
&
New
Size, or
of
Road. Bonds Value.
Man Beach— Tret, stock, non-oum..
M. (now 1st M.) gold, guar. Dy L. I.Ce.o*
Jfote York Central <t Hudson River— Stock/Jr.
.—
Debt oertlfs., gold, to be paid May 1
N T
Date
1(505
4
M.
M.
g.
&
&
given In
Is
S. N. Y., Liberty
do
S.
first
left
Bk
Nat.
do
Apr.,'.05,2i«%
Oot. 1. 1935
Apr.15/05,11*
May 1, 1905
June 1, 1905
July 1, 1997
Feb. 1, 1998
Feb. 1, 1998
July 1, 20O0
May
1,
1934
Moh. 1/05, 3%
Mch. 1/05, 5%
Oot. 1, 1937
Yearly to 1911
ToDeo.31,*10
May 1, 1946
Apr. 1,'05,2%
2%
Apr.
1, '05,
1, 2000
Feb. 1, 1932
May
Apr,*05,li4%
Jan. 1, 1921
Aug. 1, 1923
May 1, 1923
Sept. 1, 1941
Sept. 1, 1941
hand column.
be completer abjut
190(5.
(V. 76, p. 266, 331, 1085, 1408; V. 77, p.
2442; V. 79, p. 2148, 2588, 2796.)
In 1904 $50,000,000 four per cent debentures were authorized, of
which $30,000,000 were sola to pay balance required for terminal facilities and other improvements. The debentures are to be secured
by any new mortgage, but existing mortgages may be extended. V.
78. p. 1907. 1962, 2384; V. 79, p. 1335, 2148.
In 1902 03 control of the Reading Co. was aoqulred by Bait. & Ohio
(Pennsylvania interests) and Lake Shore. V. 76, p. 101; V. 78, p. 48.
In July, 1904, an interest in Syracuse Rapid Transit Co and other
electric roads in New York State was acquired. V. 79, p. 270, 734; V.
tO, p. 652, 1240.
As to contract of 1903 with Pennsylvania Coal & Coke Co. for at
least 1 ,000,000 tons annually, Fee V. 77 p. 2098; extensions to coal
fields in 1903-04, V. 79, p. 1335, 1435.
As to concentration of management of Vanderbilt Eastern lines, see
V. 80, p. 600.
Latest Earnings.— For 3 mos. ending Mar. 31 (partly estimated):
Oross.
Net.
Olh inc.
Changes. Bal.fordiv.
3 mos.
$
$
$
$
$
1905 (est.) 18,450.000 4,682,900 1,546,300 5,635,900
693,300
1904 (act.). 17,231,453
4,129,398 1,^76,733
5,223,834
682,297
Dividends of 1^ p. c. for the 3 mos. called for $1,653,100.
4.NNUAL Report.— Fiscal year has been changed to end Dec. 31.
Report for six months ending Deo. 31, 1904, was ({lven at length In V.
80, p. 1240. See also editorial p. 1204.
^-Six mos. ending Dec 31.-^
Tears end. Dec. 31.
1904.
1903.
1904.
1903.
Miles June 30....
3,4*2
3,515
Gross earnings... $42,100,406
?41,209,419 $78,579,300 $79,909,415
Netearnlngs
$13,056,512
$12,527,849 $22,530,500 $23,803,921
Other Income.... 3,161,228
2,698,473
6,344.500
5,266,311
to
350, 2159; V. 78,
p.
,
Vet income. $16,217,740
Deduct— Rentals. $4,746,844
Int. on debt....
Taxes onstock.
4,016,878
380,150
—
—
$15,226,322 $28,875,000 $29,070,232
$4,733,6551
3,530 048)
412,074 21,039,900 20,463,111
1,34 4,000
123,412 J
150,000
300.000
300,000
J-
Do. real estate.
1,509,114
Miscellaneous..
342,748
Reo'd for deb's.
150,000
Dividends. ..<2»«)3,306,250 (2Va)3,306,250(5)6,612,500 (5)6,612,500
1
Impr'ment i'nd
1500,000
Balance
(?)
$265,757
$922,600 $1,694,621
$1,626,881
M
Pres., Wm. H. Newman; Chairman, Chauncev
Depew; Treas., E. L.
Rossiter; Sec, Dwight W. Pardee. Directors (Feb., 1905) ; W. K. Vanderbilt, F. W. Vanderbilt, C. M. Depew, S. F. Barger, J. Pierpont Mor-
gan, William Rockefeller, Hamilton MoK. Twombly, William H. Newman, Charles C. Clarke, D. O. Mills, Geo. F. Baker, George S. Bowdoln
and Jas. Stlllman.— (V. 80, p. 1175, 1230, 1235, 12 40, 1424, 1479.)
York Chicago St. Lout* int.—.(See Mem of New York Central <£ Hudson River.)— Owtib 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.. ni., State
Line to Grand Crossing, 10 miles also leases Dunkirk to Silver Creek,
8 miles; total. 512 miles; trackage in Buffalo, N. Y., lifl miles, and
Grand Crossing Chicago, 111. (Lake Shore RR.), 9 miles.
History.— "Nickel Plate" road, foreclosed and reorganired in 1887.
New
&
;
;
Stock.— Lake Shore & Miohlgan Southern owns $6,240,000
$6,275,000 2d preferred and $2,503,000 1st preferred stook.
Dividends.— )
lstpf. in Mar.
'93. '94. '95. '96.
3
4
5%
'97. '98. '99.
'00.
2%
5
'01.
common
'02 to '05
5
5 yearly
)
2
3 yearly
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 Issue of bonds, $20,000,000, has been reduced
by sinking fund. See mortgage abstract, V. 45, p. 541.
Report.— Preliminary statement for 1904 (Deo. estimated) was in
V. 80, p. 219. Report for 1903 was In V. 78, p. 1779. Principally a
freight line, freight In 1903 contributing $6,902,380 out of $8,448,330.
Tear ending Dec. 31—
1902.
1904.
1903
Gross earnings
$8,645,375 $8,448,320 $7,138,899
Operating expenses
5,034.253
6,314,627
)7no7ono(
7,uy7,^u»
Additions and betterments
585.000
626.416
£•
2dpref
5
Netearnlngs
Other income
Net, including other Income
Interest on bonds
Equipment trust oharges
Dividend on 1st pref.*
Dividend on 2d
pref.*
Balanoe.surplus
Pres., Wm. H. Canniff— (V. 78,
New York
Owns from
St
^
$1,548,166 $1,507,277 $1,519,645
40,125
35.000
50,709
$1,583,166 $1,557,986 $1,559,770
777,000
777,000
777,000
185,649
176,738
188 001
(5)250,000 (5)250,000 (5)250,000
330.000
3)330,000
(
(3)330,000 (3)
$24,248
$17,121
$38,165
p.
1TT9; V.
SO, p.
219,
223.)
Greenwood Lake Ry.— (See Map of Erie RR.) —
Jersey City, N. J., to Greenwood Lake, 39 miles, and
branohes to Rlngwood, etc., 8 miles; Watchung Ry., Forest Hill to
Orange, N. J., 4 m.; total owned, 51 m. Stook, $100,000; par, $50.
1606
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
.
RAILWAY STOCKS AND BONDS.
APE., 1905.]
RAILROADS.
For explanation of column headings, &o., see notes
on first page of tables.
York New Haven A Hart.— Stock. See text
Debentures, mostly exchanged for stock 1903.0*
c&r
Deben. ($5,000,000 are 4s), non-convert
Deb. (for Cent. N.E.& W.),$5,000,000,g.,non-con.
Deben. (for F. H. & W.), $10,000,000 authorized.
N. Y. Prov. & Bos., gen. M. (now 1st), g., ass'dcfer
Shore Line 1st M., N. Hav. toN. London, assumed
Housatonio old consolidated mort. (assumed)...
New consol. M. ($3,000,000) g. assumed). F.c*
H. R. <6 Por. 2d (now 1st) gu. (V. 56, p. 813).F.c<fcr
Har. Riv. &PortUst.M., g., $15,000,000. Us.o'&r
New Haven Steamb. M., g., ass'd, oall aft. 1904..
Bonds of Proprietary, ktc, Lines:
Bos. <fe N.Y. Air L. 1st M., N. H. to Williman., Ct.c*
Danbury & Norwalk con. M. ($100,000 are 6s). o*
Genl. M.,Danbury,Conn.,to Wilson Point, &o.c*
c*&r
Naugatuck let mort., g., guar. p. &i
tfe*t
Miles
Date
Size, or
Amount
of
of
Par
Outstanding
Road. Bonds Value.
mmmm
'97*01
62
49
90
90
12
(
12
51
36
36
61
New Haven & Derby, consol. mortgage
13
c*
98
$15,000 p. yr., not drn.Un.c*
28
c*
Northern Extension bonds
10
Holyoke & W., leased, mtge. $200,000, guar..c*
New England and Old Colony— See those cos.
51
Providence & Worcester 1st mortgage, currency
7
Nan. B'ch, 1st M. ($240,000 own. N.Y.N.H.& H.)
N.Y.O.<6 W.— Ref. (1st) M. $20,000,000, g.. Me o\M Text.
N.H.& No.,
con.
s. f .
New
mort., $12,000,000, gold. red. 110 (see text)
seo. by 1st M. on Scranton Coal Co.
g., sec. by 1st. M. on Elk H. C. & I. ,due s a.o*
ser.
A, $57,000 payable seml-ann.Ma
trusts,
trusts, ser. B, $37,000, payable semi-ann.lrle
trusts, ser. C, $22,000, payable semi an.
trusts, ser. D. part due semi-annually
Gold notes,
Do
Car
Car
Car
Car
Me
....
$100 $80,000,000
1893 100 &o.
185,300
«
....
....
—
l.OOO&c
500 &c.
10,000,000
5,000,000
9,666,700
1,000,000
200,000
100,000
2,839,000
1,000,000
7,865,000
225,000
1880
1,000
1880
1,000
1883
100
1904 l.OOO&c
1902
1888
1,000
1879
1,000
1881
1,000
1891
1,000
500,000
500,000
150,000
2,500,000
214,000
575,000
1,200,000
700,000
200,000
1897
1,000
1880
1892 l.OOO&o
1805
•• ••
1899
1,000
1900
1,000
1902
1,000
1902
1,000
1903
1,000
1904
1,000
1,500,000
250.000
20.000,000
See text.
1,600,000
2,825,000
114,000
185,000
132,000
320,000
1904
1904
1892
1880
1880
1887
1881
1904
1899
500 &o.
1,000
l.OOO&c
500 Ac.
1,000
1,000
Lease.— On May 1, 1896,was leased to the Erie RR. for 999 years from
Prior lien bonds are guaranteed, principal and interest,
1, 1896.
by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
New York & Harlem RR.— Owns New York City to Chatham
N. Y., 136 miles. Also owns Fourth Ave. Street RR.
Lease.—The property (exoept the horse railroad) was leased April 1,
1873, for 401 years, to the N. Y. Cent. & Hudson River RR. for interest
on bonds and dividends at rate of 8 p. 0. yearly, since increased to 10
V. 70,
p. 0. through refunding of bonds, payable Jan. and July.
p. 740, 1049, V. 71, p. 29, 1220; V. 78, p. 2335. The street railway
was leased In July, 1896, to Metropolitan Street Ry. Co. for 999 years;
rental is $400,000 yearly, equal to 4 p. c. per annum on stock, payable
April and October. V. 62, p. 1088.— (V. 78, p. 2335; V. 80, p. 1424.)
New York «fc Jersey RR.— Owns one completed tunnel, known
as the North Tunnel, under the Hudson River between New York City
(Manhattan Borough) * nd Jersey City, and a parallel tunnel, known
as the South Tunnel, which has been completed for 2,000 feet. The
length of the under-river section of the tunnels is 5,600 feet. In New
York City the approach in Sept., 1904. had been completed from the
river front under Morton St. to the corner of Greenwich St. The
terminals in New York City will be at West 10th and Hudson streets.
In 1905 franchise was granted for extension to 33d St and 6th Ave.
and 9th St. and 2d A^ e., V. 78, p. 1110; V. 80. p. 11 7, 65 .1 112. Will
be operated by electricity, with trains of the New York Subway type.
The entire tunnel from Jersey City to West 10th St. is expeoted to be
May
completed in 1905. V. 76, p. 436. V. 75, p. 77. 1354.
In Jan., 1905, the Hudson Companies acquired control of the company and also of the Hudson & Manhattan RR., to tunnel from Jersey
City to Cortlandt St., and will finance their completion. V. 80, p. 163.
Incorporated in New York on Feb. 11, 1902, as successor of the Hudeon Tunnel Ry., sold in foreclosure per plan V. 73, p. 1313 (see also V.
70, p. 996 and 1149).— V. 74, p. 380. Stock, all issued, $8,500,000, of
which $3,500,000 Is 6 per cent non-cumulative preferred; par of
shares, $100. Of the $7,000,000 bonds, $2,500,000 are reserved for the
construction of the south tunnel. V. 74, p. 380, 577.
Officers.— President. Wm. G. MoAdoo; Vice-Presidents, Walter G.
Oakman and Edmund C. Converse; Seoretary, ('has. W. King. Office,
15 Wall St., N. Y.-(V. 80, p. 117, 163, 651, 1112.)
New York Lackawanna <fc Western Ry.—Binghamton to Buffalo and Internat'l Bridge and brandies, 214 miles, of which the main
line, 213 miles, is double track; Delaware L. & W. has a lease for duration of charter from Ootober, 1882, giving a guaranty of the bonds and
5 per cent yearly on the stock. See form of guaranty of terminal bonds
In V. 67, p. 1357
see also V. 68, p. 283.
;
New York Lake Erie &. Western RR.—See Erie RR. Co.
New York New Haven & Hartford RR.—Covers Southern
New England and the only direct routes between New York and Boston.
liines Owned in Fee—
Miles.
Junction near N. Y. City to
'
Mass
Springfield,
122
Leased (part Owned.)
Miles.
NewEng. RR.
(whlchsee)
536
Old Colony RR. (which see).. 616
Lines Leased
—
Lines to Providenoe, Pittsfleld,
Litchfield, etc
.316 Providence & Worcester
48
Leased and Controlled—
Other lines
54
Lines to Turner's Falls, etc... 268 Trackage to N. Y. City, etc
55
Otherllnes
43
Total oper. July, 1904(90 miles has four and 685 two tracks) ..2.058
In Oct., 1904, a majority of the $58,117,982 N. Y. Ontario & West
stock was acquired at $45 per $100 share, giving the company access
to anthracite coal mines and the Great Lakes, but in Apr., 19< 5, transfer to New York Central interests was mooted, provided proper pro11 be arranged for the New Haven road.
V.79, p. 2086,
o^iPHr
?
2642; V. 80,
D 1363.
Early in 1904 acquired a majority of the Cent. New England Ry stock
and income bonds and control of stock of Fair Haven & Westville
Electric RR.,116 miles. V. 78, p. 702,768, 989,1168; V.
79, p. 2742.
Owns entire stock of New England Navigation Co. and Old
Colony
a
cat Co ,7' 79 P- 2748 European connections, see V. 75, p.
no,
n
Providenoe
^ ,%L
'
>
-
Terminal Co., V. 78, p. 1110.
5 consolidation of various controlled eleotiic rail ways in Connecticut and Massachusetts, viz : Fair Haven
& Westville, Worcester
1,
fffc+i Ka8tern Meriden Electric, etc.. aggregating 370 miles, was
($10,000,t
„«/*
-
,2748; V.
Railway
K^hliii ?
t?i
Harle
x?
V 79 P- 903 1263,2436; V. 80, p. 872.
t« iS«Yl A? 1%7'c8ee
y'- assatt, President Pennsylvania RR. became a
A
,
-
director
(
'£,n g
Section.
m River branch and rapid transit from New
.
(
A
-
.
v 80
T OCK,
8tock
'2i i Qnn w Q ?
7 exchange,
$
airt*r7Monn ?«,!?.
t $1
er 8nare
authorized, $100,000,000.
In 1903 $16,for $, for convertible debentures
t0 pay maturing bonds, new rolling
RtnJ.fr «t«
7«/vp.
1
??* the outstanding stock was increased to $8of000
ooohv
000,000
by Sil'VSo
sale of $2,349,500.
V. 78, p. 584. 1168; V. 79, p. 1263.
Dl
E
7 18 3
1894
1895 to Mar.,'05, (incl.)
Pe? cent.
rer
?
cent"^{ ft
10 !;
yearly.
9
8 (2 per cent quar.)
N S,
e $7,50 ,00 ° fl "y-year
4 s which have been sold dated
i?
June V 7cini
o
9 4 a e a dlrept obligation of the N.
Y. N. H. & H. and furs i' „ ^ K J
mortgage on the Harlem & Portchester RR.. 12
f.
elle
J
0f he $1,000,000 of 4s due 1911, for which
a^Uke amount
8m o
n,l
a
li, reserved.
The proceeds will be used for six-tracking
i
V
-
1
'
w
't;
me
'
y»
n«tK^
^
"
1G07
Bonds— PrinolINTEREST OR DIVIDENDS.
pal.When Due
Rate per When Where Payable, and by Stocks— Last.
Payable
Cent.
Whom.
Dividend.
-M^o New Haven, Co.'s Office. Mar.31,'05,2%
8 in 1904
4
3ia
&
4
4g.
313
lg.
4»*
4
I'll:
5
5&6
5
P.
J.
A.
M.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
O. N. Y., Linooln Nat. Bk.
O.
O.
New York.
8 N. H., Nat. N. H. Bank.
O.
N.
D.
N.
4
M.
A.
A.
A.
A.
2i«
A.
Men.
Feb.
Apr.
Apr.
Mch.
Lincoln Nat. Bk. June
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1908
1947
1914
1954
1942
1910
1910
1937
1911
1954
1919
A. N. Y., Linooln Nat. Bank Aug. 1, 1905
New Haven ,Conn.
J.
July 1, 1920
O.
do
do
Apr. 1, 1925
N.
do
do
May 1, 1954
New Haven, Ct., Treas. Oct. 1, 1930
N.
New Haven, Conn.
May 1, 1918
O.
do
do
Apr. 1, 1909
O.
do
do
Apr. 1, 1911
&
&
&
&
&
A
&
4g. M. &
4
Apr.
New Haven, Conn.
Apr.
N. Y., Farm. L. & Tr. Co. Nov.
N.Y.,Chemical Nat. Bk. June
New York.
May
O. N. Y.,
313
5
6
5
New York.
s.
A.
do
O.
do
Apr.
1,
1911
O. Prov.,R. I. Hosp. &T.C0 Oct. 1, 1947
O. Treas., Old Col., Boston. V. 72, p. 675
8. N. Y. Office,56 Beaver.
June 1. 1992
Semi- an
New York.
1955
& A. N.Y.,N.Y.Seo.&Tr.Co. Aug.os-Feb.'ll
& D. N. Y., Morton Trust Co. Dec.'05Dec.'15
4iflg. M. & S. N. Y., Manhat. Tr. Co. To Mar., 1906
do
do
To June, 1907
4^g. J. & D.
do
do
Nov.'OS M'y'08
5 g. M. & N.
do
do
5 g. A.. & O.
Oct.'05 Ap.'09
4g.
5g.
5g.
P.
J.
and improvements on the Harlem Division. The Naugatuck RR.
4s of
1904 are guaranteed, p. &i. V. 78, p. 1447, 1549; V. 79, p. 903, 1263.
In 1904 $5,000,000 4 p. c. debentures were sold to purchase control
of the Central New England Ry. and $10,000,000 of 3*a p. c. debentures were authorized to acquire the stock ($5,000,000) of the Fair
Haven & Westville (Electric) RR., 116 miles, on the basis of $200 in
debentures for $100 Fair Haven stock. V. 78, p. 702, 768, 989. 1168,
1 223, 2335; V. 79, p. 1263.
There are $25,000 Colchester RR. first 7b
due July 1, 1907. Under lease "assumed" the debt of Old Colony.
In Mar., 1901, $5,000,000 non-convertible debentures were authorized.
V. 72, p. 627; V. 73, p. 721; V. 75, p. 729; V. 78, p. 584.
Leased Line Stocks.—The stocks of the leased lines unexchanged
on June 30, 1904, 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.
Total issue.
Unexch. LHvid'd.
Stocks—
Berkshire
$600,000 V. 79, p. 2748 6 p. 0.
4 p. 0.
B. & N. Y. Air Line pref
2,998,500 $1,296,375
147,100 Pays no
do
do
common.. 898,500
Danbury & Norwalk
151,300
$600,000
5 p. o.
1.006,400 10 p. 0.
Naugatuck
.....2,000,000
Derby
Period.
Q.—J.
A^
& O.
&
&
&
divid'd.
J.
J.
J.
J.
J.
J.
divid'd.
447,000 V. 80, p. 117 4
Pays no
20,000,000
i 15,200
9,000 3 p.O. Oot.31,&o
5,000,000
7
16,608,900 11,040,400
Q.—J.
.
100,900
100,900
7 p. o. J. & J.
)
Stockbridge & Pittsfleld,
448,700 V. 79, p. 2748 6
Q.-J.
Latest Earnings.—For 6 mos. ending Deo. 31:
Bal.sur.
Gmos.—
Gross.
Net.
Oth. income. Charges.
1904
$25,372,356 $7,143,451 *269,976 $4,201,027 $3,212,400
1903
308,679
3,939,615
3,741,041
25,177,974
7,371,977
N. H.
<fe
New
England, common
do
preferred
do
Old Colony
Pawtuxet Valley (par, $ (?)
. .
Annual Report.— Annual meeting is held third Wednesday in Oot.
Report for 1903-1904 was in V. 79, p. 1263, 1332.
1903.
1902.
1901.
Yr. end. June 30.
1904.
Miles operated..
2,038
2,031
2,037
2,038
PasBengerearnB.$23,425,173 $22,953,017 $21,223,631 $19,853,093
Freight earns... 24,413,541
23,926,150
21,871,642
19,864,701
Miscellaneous...
444,195
416,910
425,814
414,517
Gross earnings.. $48,282,909 $47,296,077 $43,521,087 $40,132,311
Net earnings.... $13,123,698 $12,341,054 $12,247,213 $12,083,332
Other income. .. .
906,436
665,818
613,060
562,560
Tot.netincome$14,030,134 $12,906,872 $12,860,273 $12,646,391
Int. on bonds...
$779,667
$1,137,052
$1,166,967
$1,305,838
Other interest..
279,993
486
1,858
52,912
Rentals
4,420,283
4,464,711
4,451,634
4,504,546
Taxes
2,367,636
2,455,434
2,385.389
2,410,380
Dividends
(8)4, 618,438 ( 8)4,296,568 ( 8)4,294,738
( 8)6,006,448
Balance
sur.$88,309 sur.$208,534 sur.$382,290 sur.$363,548
Officers.— President, Chas. 8. Mellen, New Haven; Seoretary, John
G. Parker; Treasurer, Augustus S. May, New Haven, Conn.
Directors.— William ^kinner.Holyoke, Mass.; Jas. S. Elton. Waterbury, Conn.
Chas. 8. Mellen, New Haven, Conn. J. Pterpont Morgan, William Rockefeller,
:
H. McK. Twombly, George McC.
Miller,
Richard A. McCurdy,
New
York; D.
Newton Barney. Hartford, Conn.; Charles F. Choate and Nathaniel Thayer,
Boston Rooert W. Taft, Providence; C. F. Brooker, Ansonia, Conn.; I. De V.
;
Warner. ^Bridgeport; A. J. Cassatt, IPhiladelpbia, Pa.; Arthur D. Osborne,
J. Brush, Percy R. Todd, New Haven: Frank W. Cheney, South Manchester: Edwin Milner, Moosup, Conn.: John H. Whittemore, Naugatuck, Conn.
-(V. 79, p. 2643, 2748, 2796; V. 80, p. 117, 872, 1112, 1363.)
York
Perth Amboy to Bay Head, N.J.
38 miles. Leased in 1888 for 99 years to Penn. RR. and Cent. RR. of
N. J., which Jointly and severally guarantee interest and 7 per oent on
$2,000,000 stock, all owned by Ceh. RR. of N. J.— (V. 72, p. 438.)
Geo.
New
& LongRranchRR.—
New York
Ontario
&
Western Ry.— (See Map.;—Operates
from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Miles.
Miles.
Road Controlled, die.
Oswego to Cornwall, N.Y
272 Peoksport Conn, (leased)
4
Branch to New Berlin
22 Ontario Carb, <fe S. (leased.)
do
to Delhi
17
CadoslajN.Y., to Scranton, Pa. 54
do
to Ellenvllle
ffl3
8 Rome & Clinton (leased)
Utica Clinton & Bing. (leased). H31
Total owned
319 Wharton VaDey (owned)
Trackage (till 2079) W. Shore RR.: Ellenvllle & Kingston (leased) 27
C*nwalltoW'h'ken(V.61,p.425) 53 Port Jervis Mont. <fe Summitv.
-- 41
U See this Co.
(owned and leased
549
Total operated July 1,1904
Organization.— Successor in 1879 of N.Y. & Oswego Mid., foreclosed.
Control. -In Oct., 1904, New York New Haven & Hartford RR,
acquired a majority of stock at $45 per.1 shire, but in April, 1905.
negotiations were pending for transfer to N. Y. Central interests
V. 79. p. 2086, 2643; V. 80, p. 1363.
Stock.— Stock is $58,117,982, (par, $100), of which $4,000 is old pref.
Bonds, Etc.— Refunding mortgage for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. <fe Scranton Rv.,
54 miles, and all after acquired property. V. 72, p. 87; V. 78, p. 2012;
V. 80. p. 651.
The stockholders voted on November 7, 1904, to authorize a
new mortgage for $12,000,000 to provide funds for capital re-
quirements, under which $2,000,000
may
be Issued immediately,
1608
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
G
,
RAILWAY STOCKS AND BONDS.
Ape., 1905.
RAILROADS.
For explanation of column headings,
on first page of table.
M
ifec.see
Date
of
of
,
FP
112
112
57
57
12
12
72
N
&
.
1
1901 $1,000
See text.
5 g.
50 $2,000,000 8 in 1904
1899
1,000
2,600,000
4g
1899
1,000
4
1,000,000
1887
1,000
1,200,000
5g
1894
1,000
4,025,000
4g
1887
1,000
5 g
984,000
1887
1,000
1,000,000
1880 500 <fec.
3,500,000
1881
1,000
250,000
6 g.
5,000
£ g
1887
i'.ooo
3,745,000
5
g.
1887
4iflg.
1,000
447,000
1890
1,000
2,551,000
g
1895
1,000
232,000
6
1893 1.000&0
2,000,000
5g.
65
10
& W. G.— See that company.
3
N. Y., 1st mctt., (999 years, rental)...
2
Maoopln RR., 1st mort. (br'ch to Macopln Lake)
....
N. Y. 8. & W. Coal Co., 1st M. red. at 110, s. f...o*
N. Y. & Wilkesbarre Coal Co. 1st mortgage... Co
91
N.Y. Tex. dlMex.—lBt. M.,g.,$or*,gu.by 8o.Pac.FC
54
Matagorda Division 1st mortgage. Ce
Me.o*
Text.
Niagara Junction Rn.—lst M., $650,000, g
6
Norfolk & Portsmouth Belt Line— 1st mort.GP
Norfolk dk Carolina-See Atlantic Coast Line RR
192
Norfolk <t Southern—Capital stock
192
o*
1st mortgage. |$l,970.O00, goldMp
1st general mort., $10,000,000. g., red. at 115.
&
—
-
1892
1897
1885
1896
1887
1893
1882
1904
1902
1898
1,000
1,000
500
1,000
ltil
500
A
&$
1,000
1,000
1.0JO
100
1891
1904
1,000
1,000
and the remainder will be reserved for future needs. A 3 p. o. dividend (calling for about $1,740,000) was paid on the common stock in
Jan.. 1905, vesting in the shareholders directly the right to elect the
entire board of directors. V. 79. p. 977 to 980. 1332, 1462; V. 80, p. 872.
Early in the oalendar year 1899 the coal properties at Scranton,
Pa., of the Lack. Iron & Steel Co., (the capacity of the collieries
then open being about 700,000 tons per annum) were purchased by
the Scranton Coal Co. aided bv loans from the N. Y. O. & W. the latter
issuing its $2,5C0,000 5 p. o. notes (reduced to $1,725,000 Aug. 1,
1904), extending over a period of years secured by first mortgage on
the coal property, and loaning $1,475,000 (of which $305,000 has
been repaid) secured by a second mortgage, the O. & W. obtaining contract for entire tonnage. V. 68, p. 41,429. V. 69, p. 604,646.
In November, 1900, eight independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
Hill Coal & Iron Co., the N. Y. O. & W. issuing its $3,500,000 5 per
cent sinking fund first lien gold notes secured by the Coal & Iron Company's first mortgage, these notes maturing $75,000 each 6 mos., beginning June 1, 1901, to June 1, 1911, and thereafter $200,000 semi annually to Deo. 1. 1915. In the event of any additional mortgages
being placed on the railroad properties besides the refunding mortgages. The notes are to be secured pari passu with such new obligafations. The Elk Hill Co. also made a second mortgage to the N. Y O.
W. for $2,400,000 at 5 per cent. V. 71, p. 1270; V. 73, p. 501.
The company's coal tonnage is derived as follows: Scranton and Elk
Hill oompanies (as above stated), total maximum capacity, 2,700,000
tons; other oompanies, 300,000; washerles, 800.C00 tons.
Earnings.— For 8 months ending Feb. 28:
Bal., sur.
yet
Charges.
8 mos.
Gross.
$491,335
$764,317
190405
$4,570,472 $1,255,652
504,215
958,32tf
454,113
190304
4,371,049
Annual Report.—Report for 1903 04 was given at length in
V. 79, p. 965, 977.
Coal traffic in 1903-04, 2,890,225 tons (out of
4,315,422 tons), against 2,521,179 in 1902-03.
1902.
1903.
Year ending June 30.
1904.
Gross earnings
$5,456,696
$6,176,518
$6,652,484
Operafg expenses and taxes. 5,072,938
4,557,087
4,157,754
Balance, netearnings....$l,579,S4<>
*1,619,43L
$1,298,942
Tot. netincome,incl."other."$2,051,194
$1,810,917
$2,021,368
Interest on mortgage bonds..
677,480
677,480
683,758
MlscelLinterest and discount
277,032
280,047
271,638
Rentalspaid
197.44 6
202,870
208.968
Balance, surplus
$658.95
3860,971
$886,828
Pres., Thos. P. Fowler. Directors, Dec, 1904.
V. 79, p. 2643
(V. 79, p. 2643; V. 80, p. 473, 651, 872, 1112, 1363.)
New York Ottawa Ry.—TupperLake, N. Y., to Ottawa, Can.,
128 miles. Successor of the N. Y. & Ottawa RR, acquired by the N.
Y. Cent & Hudson Riv. R8. at foreclosure sale on Dec. 22, 190*. V.
79, p 2796; V. 80, p. 223, Stock authorized, $1,250,000. Year end.
,
,
:
—
&
.
June
30,
1904
(old co.), gross,
$233,297.— (V. 80,
p. 223.)
New York & Pennsylvania By.-V. 79, p. 501.
New York Pennsylvania A: Onto RR.— See Ebie RR.
New York Pennsylvania Sc Southwestern RR.—To extend
from Binghamton, N.Y., to Williamsport, Pa., 116 miles. To be completed by Jan., 1H06. Stock authorized, $4,500,000; par of shares,
$100. Bonds, see table above. V. 79, p. 2457; V. 80, p. 998. President,
Sec'y, G. H. Meldrum Treasurer, T. M. Johnson.
J. Wesley Allison
Office, 74 Broadway, N. Y.— (V. 79, p. 2457; V. 80, p. 998.)
York Philadelphia
Norfolk
Delmar, Del., to
Cape Charles, Va., 95 m., and King's Creek, Md., to Crlsfield, 17 miles.
Securities.— Stock, $2,000,000, all outstanding, par, $50; represented by negotiable trust certificates Issued by Fidelity Insurance
Trust & Safe Deposit Co. of Phila. Of the $3,000,000 1st 4s, $400,000
are reserved for improvements. V. 68, p. 773, 978. As to incomes,
see V. 68, p. 978. Interest on incomes, 2 p. c, semi-annually paid
Nov. 1, 1899, to May, 1905, both Inclusive. Dividends on stock, 1901,
6 p. c; 1902, 5 p. c; 1903, 6; 1904, June, 3; Dec, 5, incl 2 extra.
Earnings.— Year ending June 30, 1903, gross, $1,710,469; net,
$456,455; other income, $1,001; charges, $289,462; div. (5^ p. c),
$102,859; bal., sur., $65,135. -(V. 79, p. 2086; V. 80, p. 872.)
New York &, Putnam
Owns 155th Street and 8th Ave.,
S. Y. City (terminus Manhattan Elevated), to Brewsters.N. Y., 54 milesdouble-track branch to Yonkers, 3 in.; operates 2 m.; total, 59 miles.
Bistort.— Successor to the N. Y. & Northern, sold under foreclosure
of 2d mort. Deo. 28, 1893, and purchased for N. Y. Central & Hudson
Elver RR. which operates it under lease— see V. 63, p. 754, 820, 1 159.
Decision, V. 74, p. 380 V. 77, p. 2339. Stock, $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. 77, p. 2239.)
York & Rockaway Beach Ry.— (See Map Long Island RR.)
-Owns from Glendale Junction to Rockaway Park, 10-31 miles, with
branoh, 143 miles; total, 1174 miles double track, mostly 80-lb.
steel. Stook, $1,000,000; par $100.
Leased In perpetuity in 1903
by Long Island Railroad Co., whose endorsement is printed on first
mortgage bonds. On June 30, 1904, $101,000 firsts owned by L. I
RR.were on deposit under its unided mortgage, together with $905,333
of the inoomes. Year ending June 30, 1904, gross, $389,784; net,
;
;
&
New
RR.—
RR.—
,
;
New
A.ib&o. N. Y., Kniokerb. Tr. Co.
& D.
Checks mailed.
& J. Phila., 26 So. 15th St.
M. & N. Checks malled(see text)
J.
J.
A.
A.
M.
-
127
127
127
a*
Mlddletown Un.
Passalo
Bonds— frinol-
INTEREST OR DIVIDENDS.
Size, or
Due.
Amount Rate per When Where payable, and by pal,When
Par
notes
Stocks—Last
Road. Bonds Value Outstanding
Payable
Cent.
Whom.
Dividend.
$4,500,000, gold.K.o*
Fa. <& 8outhtc.-Ut
N. Y. PMla.<6 Norfolk— Stook, $2,000,000
0«
1st M., $3,000,000, gold.. FP- ...--.. --.------- ;
Income mort., g., non-cum., reg,($l,000,000)
N. Y. d Putnam.— XI. Y. & No., 1st mortgage, gold.c
N. Y. &P. con., $6,200,000, g., gn. p.&i. end.Un.c*
N. Y. A Rock. B'h.-lst M., $1,000,000, g., gu.Ce.o*
r
2d M. laoome bonds, non-cumulatlve.Oe
Y Sugg. <t Western— Midland RR. 1st M.,g.Ce.o*
Paterson Exten. RR. 1st M., real estate, s. f.,g.o*
Western, 1st mortgage
N. Y. Susquehanna
o*
1st mortgage, refunding, gold.Ce
2d mort. ($1,000,000 gold) 3d M. on 72 m.Ce.O*
General mortgage for $3,000,000, gold. . . Ce.c"
our.N..
Collateral trust bonds
Terminal 1st mort. for $2,000,000, gold..Vs.o*Ar
Allied companies—
Wilkesb. <fe East'n, 1st M., gold, guar. p. & 1.O..0*
Susq. Connect. RR. 1st M. g.,red. at 105, gu.Mp.c
If Y.
Miles
1(>09
;
3,000,000
100,000
2
6
g>
g.
6
70,000
44,000
5
6
337,000
6
450,000
4 g.
al,465,000
6
842,000
175,000
5 g.
250,000
5
a There are also $53,
2,000.000 See text.
5 g.
1,655,000
2,420,0003
F.
M.
M.
J.
M.
J.
J.
M.
M.
A.
<fe
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
New York City.
O.
O. N.Y., Gr. Cent. Station.
8. N. Y., U. S. M. & Tr. Co.
Oct. 15.
O. N.Y.,Of.21 CortiandtSt
D.
Oct.
Oot.
Sept
Apr.
D.
8.
1927
1993
192?
1910
1910
1911
1937
1937
1940
1905
1943
1942
1907
do
do
do
do
do
do
do
do
do
do
do
Jan.
Feb.
May
May
1,
1,
l,
1,
1.
1,
1,
1,
do
do
do
do
June
Mch.
1,
1,
June
Aug.
do
do
do
do
do
S.
do
'02,
N. Nov.,
n't pd. wh.due
O. N.Y..8.Pao. Co.; London.
J. All owned by So. P. Co.
D.
D.
1,
1,
1,
do
July
J.
J.
A.
A.
N.
N.
1954
Deo.l , 1904, 5
Jan. 1, 1939
Jan. 1, 1939
Deo. 1, 1910
Deo. 1, 1916
Moh.
Nov.
Apr.
1,
1,
1,
1,
1,
1,
1912
1933
1912
1934
1922
193 S
Jan.
A. N. Y., Merc. Trust Co. Aug.
A. Phila., Fidel. Trust Co. Feb.
000 not guaranteed.
Q.-J. N. Y., Metrop. Tr. Co. Jan.10,'05, 1%
do
May 1, 1941
do
New York.
July 1, 1954
5g. J. & J.
J.
F.
F.
<fe
MAN.
$151,006; other income, $4,962; bal. over charges expended for im-
provements— (V. 66, p. 1046; V. 77, p. 2038.)
New York Short Line RR.—To build a cut-ofl for the Reading Co.
between Cheltenham and Neshaminy Falls, 9^ miles. Construction
begun May, 1904. V. 79, p. 1038. To be four-tracked, 2 tracks to be laid
at present and on two miles three tracks. Stock, $250,000, all owned
Guar, bonds will likely be Issued.— (V. 78, p. 2335.)
Map.)
History.— In 1898 the stock was mostly exchanged for stook of the
line
Independently.
Erie RR., which operates the
V. 66, p. 53, 83, 759.
Owned (infee) or entire Stk. Miles. Susq. Connecting RR
10
Jersey City to Gravel PI., Pa.. 101 Other branches
25
Lines leased, etc.
[Double track 19 miles.]
Miles.
Two Bridges, N. J., to Unionville 21 Mlddletown Un. & Water Gapfl 14
Wilkesbarre & Eastern
65 Trackage
2
Total road operated (Usee this co.) June 30, 1904
238
Stock.— Pref., $13,000,000; oom., $13,000,000, of which the Erie
owned June 30, 1904, $12,378,900 common and $12,892,400 preferred,
of which $6,630,000 common and $6,630,000 preferred are deposited
under its Pennsylvania collateral trust mortgage. Dividends on pre-
by Reading Co.
New York Snsqaehanna & Western RR.— (See Erie
ferred, Nov., 1891, to 1892,
2Jfl
Bonds.— General mortgage
p. o. yearly; None since.
5s, bonds are reserved
to retire the
seoond mortgage 4^s. See mortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment of an assessment.
As to terminal bonds listed in Sept., 1893, see Supplement of Jan.,
1898, and abstract of mort. V. 57, p. 512. The Wilkesbarre <6 Eastern
1st 5s are unconditionally guaranteed.
Susquehanna Connecting 6s are
Earnings.- 8 mos., > 1904-5
V. 60, p. 481.
called,
$25,000 eaoh M&S.
Gross, $1,730,359; net, $578,764
July 1 to Feb. 28. S 1903-4
Gross, 1,689,221 net,
640,308
Report- For 1903 04 in V, 79, p, 1953, showed on 238 miles.
Year.
Gross.
Net.
Oth. Inc. Charges. Bal., Sur.
;
1903-04
1902-03
-<V. 79,
p.
$2,659,790 $1,109,812 $49,903
2.683,027
1.213,782
33,957
681, 1642, 1953; V. 80, p. 712.)
$942,928
942,075
$216,787
305,664
New York Texas &
ITIexlcan Ry,— (See Map of Southern
Pacific.)— Owns from Rosenberg to Victoria, Texas, 91 miles; Wharton
to Van Vleok, 31 m. (unbonded); Van Vleck to Hawkinsville, 17 m.;
Bay City Jot. to Tres Palaclos, 37 m.; total, 176 miles. Stock, $630,040, of which Southern Pacific Company owns $615,000. There are
also $53,000 old sixes outstanding. Operated by So. Pac Co.. which
guarantees the 4s, and to which is owing $229,769. In Apr., 1905, the
application of the Galveston Harrisburg & San Antonio for authority
to purchase the road and allied lines was pending. V. 80. p. 1424.
In year ending June 30, 1901. gross, $454,826; net, $87,908; deficit
under charges, $113,019.— (V 77, p. 401; V. 78, p. 288, 702.)
Niagara Junction Ry.—A terminal and switohing road extending from Niagara Falls, N. Y.,to Pletcher's Corners, N. Y., 5*15 miles
factory sidings, 8 61 miles. Stock, $160,000 common and $140,000
eight per cent cumulative preferred; all of the common and nearly all
tie preferred being owned by the Niagara Falls Power Co. No bonds
in excess of $500,000 can be Issued without the consent of the entire
stock. Year ending June 30, 1904, gross. $42,075; net, $21,895; interest, taxes, etc, $12,354 bal., sur., *9,541. President, D O. Mills
2d V.-P. and Treas , Wm. B. Rankine; Secretary, F.L. Lovelace. Of;
;
;
15 Broad St., New York.
Norfolk* Portsmouth Belt Line RR.— Owns
fice,
Port Norfolk
to Berkley, Va., 6 miles. Stock ,$49,600, in $100 shares. Bonds see
table. Year ending Dec. 31, 1904, gross, $100,489; net, $41,027; int.
on bonds. $12,500; other int., $31; taxes, $1,697; bal., sur.. $26,799.
Norfolk Southern
Owns Norfolk, Va., to Edenton. N. C„
76 miles; (ferry aoross Albemarle Sound to Mackey's Ferry, 9 miles;)
thence road to Belhaven, 30 miles; Norfolk to Virginia Beaoh. 19
m.; Clapham Jet. to Munden's Point 22 m.; Providence to Clapham
Jot., 8 m.; Washington to Plymouth, N.C., 33 miles; total June 30, 1904,
187 miles. On Deo. 12, 1904, the Chesapeake Tiansit (electric railway) Company, extending from Norfolk to Lynn Haven Inlet and
Virginia Beach, via Cape Henry. 30 miles, was acquired ; a connecting line from Mackey's Ferry to Plymouth, 10 m., was completed late
in 1904; 49 miles of the present N.
S. will be equipped electrically;
also later probably the Pamlico Oriental & western RR., under
construction from Newborn, N. C. north to Washington, 33 miles,
will be merged. V. 78, p. 1549, 2599; V. 79, p. 1462, 1705.
Dividends.—July, 1892, to Jan, 1905, lnol., at 4 p. o. per annum,
and In July, 1901, and April, 1904, 1 p. c extra was also paid.
&
RR.—
&
Bonds.— Of the con sol. 5s of 1904 ($10,000,000 authorized issue),
$2,430,000 has been sold to pay for the property of the Transit Co.,
the electrification of the Virginia Beach branch, the purchase and
broad-gauging of the Washington & Plymo 'th branch, $1,970,000 is
reserved to take up the outstanding $1,655,000 bond* and $315,000
treasury bunds of 1891 (the latter to be surrendered Jan.l. 1906), the
remaining $5,600 000 bonds being reserved for future construction
equipment and Improvements. V. 79,p. 2697; V. 80, p. 473.
Report for 1903-04, including water lines, showed:
Year—
Gross (RR.)
Other Inc. Int.d tax. Sur. for div.
Net.
1903-4
$80,473 $162,699
$941,442
$234,543
$8,629
1902-3
91,338
110,737
5,102
930,932
196,573
Dividends paid yearly (4 per cent), $80,000. President, A. H. Flint
(resigned). 15 Broad St., N. Y.— (V. 80, p 473, 1112.)
1610
RAILWAY STOCKS AND BONDS.
Vol. lxxx.
Apr., 1905.
o
:
,
.
:
RAILWAY STOCKS AND BONDS.
J
RAILBO ADS
Norfolk & West. JJy.-Com. stock, $66,000,000OTp
Adjustment pref. 4 % non-oum. $23,000,000. (Tip
428
S.&. W.Gen. (nowlst) M.Norf.toBris..etcg.FPc*
New River division 1st mortgage, gold.FP.o* 165
Improvement & Extension Mort. gold FP.o* 588
129
Scioto Valley & New Eng.,lstM.,assum.,g.Ce.o*
N. & W. lstconsol. M. $62,500,000, g.lWe...o*,fcr 1,605
,
Div. 1st lien & gen.M.(text)g., red.105, beg.'29..G 1,801
Pooahjt. M., $20,000,000, g., calll05,s.f.GP.o*&r
CoL Con. A Term.lst M., g., gu.p.A i.(end.)Mp c*
Equip, trusts, g., $500,000 y'rly, beg. 1905. FP.c*
Series A, gold, due $100,000 y'rly
do
Series B, gold, due $100,000 yrly.
do
Series C, gold, see text..
do
Norrist. <£ Main L.Oon.— 1st M.,g.,gu.p.&i.end.GP
223
north Oarotoio— Stook, 7 per cent rental
86
No. Penn. Stk., 8 p. o. gu.990yrs.,$6,000,000 auth.
56
Olfl 2d M., now 1st M.( 7s extended In 1896)....
c&r
86
Gen'l mort.. extended in gold in 1903
r
Consol. bonds secured by $1,200,000 stock
.
FP
FP
—
Funding loan bonds, $109,000
Real estate morts. andground rents June, 1904.
No. East Penn,— 1st M., g., gu.P.&R. (end.) GuPc*
($350,000 are prior lien). K.o
North'n Ala.— 1st
Northern, (N. B .)— Stock, 6 p. o. rental
Northern Central— Stock ($20,000,000 authorized)
Date
Size, or
Amount
26
107
83
M
Maryland loan—V. 74, p. 1197
Consol. general mortgage of 1874, gold, ser. E..c
2d gen. M., series "A" & "B" (A $2,565,000). FP
1881
1882
1,000
1883
1,000
1889
1,000
1896 500 &o.
1904 1000&C,
1901
1,000
1892
500
1902
1,000
1903
1903
1905
1902
1,000
100
50
1866 500 &o.
1873
1881
1898
1890
1896
Worth'n of New Jersey— Stock, guar, (see V.69,p.81)
o
3d mortgage, now 1 st, interest guar
Gen. M., $1,000,000, g., int. gu. by lease. Usm.c
"H
1,000
1,000
100
50
145 1855
145 1885
145 76&82
1st mort., State of
i",6b*6
1,000
100
1887 100 &o.
1900
1,000
& Western Ry.— See Map.—System extends from Norwestward to Columbus, Ohio, and northward to Hagerstown,
Md., with brandies to the various coal fields In Virginia and West Va.
Miles.
Miles.
Road owned.
121
Norfolk, Va, to Columbus, O...704 Roanoke to Winston
226
Radford, Va., to Bristol, Tenn.lll Sundry branches
Roanoke, Va., to Hagerstown. 238
Total owned June 30, 1904.1,765
100
Graham to Norton
44 Columbus Oonn.& Term. RR.
Nor. Car. Juno, to Fries..
4
115
Lynchburg to Durham, N. C
Total
Portsmouth Jet. to Cincin1,769
106 Double traok
150
nati and Ivorydale
Organization— Suocessor In 1896 of Norfolk & Western RR., etc,
foreclosed per plan, in V. 62, p. 641. In 1900-01 Penn. RR. and
subsidiary companies acquired control, through purchase, of over
Norfolk
folk, Va.,
$32,000,000 of the stock. See V. 74, p. 503; also V. 70, p. 687, 1150,
1195 V. 71, p. 809; V. 72, p. 184, 480; V. 73, p. 957; V. 78, p. 1270.
Branches building June 30, 1904, see V. 79, p. 974. In 1904 Columbus
Terminal & Transfer Co. was leased. V. 75, p. 1202; V. 79, p. 974.
Stock.—Provisions of pref. stock were given in Sup of April, 1897,
page 4, said stock being 4 p. o. non-oum. with preference as to assets.
Dividends, p. c. ) 1897. 1898. 1899. 1900. 1901. 1902. 1903. '04. '05.
Preferred.....
4 Feb,.2
Common
2
2^
3
j
3
1
In 1902, on com., June, 1 p. c; since to Dec, 1904, l * p. c. semi-an.
Bonds.—The first consolidated mortgage of 18961s limited to $62,500,000, the balance unissued, less $690,511 available for improvements on and after July 1 1905, being reserved to retire the underlying
bonds. The right to issue prior lien bonds has been annulled. V. 73,
p. 502; V. 74, p. 151; V. 75, p, 505; V. 77, p. 1785; V. 78, p. 229.
The 4 per cent first consols are a first mortgage on a large
part of the system, viz., about 853 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, subleot to the undisturbed liens.
They are further secured by the
9quipment (cost over $11,000,000), covered by the car trusts and equipment bonds taken up under the plan. See abstract in V. 64, p. 3 1 6.
V. 72, p. 137. 438,532, 723, 1080; V. 75. p. 505; V. 79. p. 213.
The N. & W. -Pocahontas joint bonds are secured by about 295,000
acres of coal lands owned and held by the Pocahontas Coal & Coke Co.,
whose stook is owned, of whioh about 50,000 aores have been leased to
companies whose stock is all owned by the United States Steel Corporation and 39,797 to other concerns, the royalties under such leases
alone heing shortly expected to be sufficient to almost meet the fixed
charges. They are subject to call at 105, beginning 1906, for a sinking
fund of 21^ cents per ton mined. V. 73, p. 845, 902; V. 74, p. 41, 380,
1197; V. 75, p 502. These bonds are the joint and several obligations of the Railway Company and of the Coal & Coke Co.
Divisional ist lien and general mortgage 4s of 1904 ($35,000,000)
authorized
for future
capital requirements
are a first lien
on extensions and branches not covered by the first consolidated mortgage aggregating 196 miles, and upon suoh extensions and branches as may be acquired from the proceeds of
the new bonds, and also a lien subject thereto upon the properties
covered thereby. Of the $10,000,000 bonds issuable at once, $8,000,000 has been sold for improvements and new equipment. V. 78, p.
1549; V. 79, p. 501, 628, 973, 1642, 1704, 2148; V. 80T p. 117.";.
1
8
01 1902 v 74 P-681; V. 75, p. 502. In April,
1904, $2,000,000 of 4 p. 0. equipment notes were sold. V. 78, p. 1907.
In Mar., 1905, Ser. "C" car trusts for $2,000,ooo were authorized. V.
80, p. 1235. Description of funded debt, see V. 75, p. 504.
General FiNANCES.-Of the traffic in 1903-1904 60 p. c. (8,459,049
tons) was bituminous coal and coke; av. rate per ton per mile. 0-493
cents; train load, 488 tOEs. As to new 4s of 1904, see Bonds above.
Earnings— For 8 months ending Feb. 28
;
.
>1344444
,
;
;
.
__
,
Qn
9 *- 5
.
-
Gross.
'
Net.
Int., taxes, die.
Sal., sur.
$15,422,279 $6,049,904 $2,443,116
$3,606,788
14,847.260
5,902,806
2,150,577
3,752,229
Report. -Report for 1903-04, V. 79, p. 966, 973 (see ed. p. 935):
19(H
1903
19 <>2.
1901.
V^-„.
w June
r
o/v
Years end.
30—
$
$
$
$
6 30 ",
1 ' 769
1.722
1,685
1,567
PnlSS^™r ea rmng8
3,150,859 2,841,491 2,379,476 2,046,455
w2Sflh^
gh * e * rnln
18,894.941 17,676,349 14,594,281 13,214,164
Mali, express, ?
&c
755,191
642,836
578,449
524,824
ln 8"-22,800 991 21,160,675 17,552,206 15,785,442
2»™
Oi»«T2h«/S«
Operating exp. & taxes. .14.213,7.^0 12,697,430
10.136,227 9^44514 59
arni ng8. .. "87587,261"" 8,463,245
7,415,979 6,339,983
-rv^o! "£5 f
8.611.504 7,490,873 6,408,600
Interest on f'mdeddebt.
f,,^°^-V $,652,479
2,603,510 2,435,690 2,352,402 2,238,480
lSt«r««™
t
9
156,889
625
5,375
11,238
DB n t. Poo. C.&C.
-r
bonds
295,595
159,176
161.230
nfiii
4 9 19 524
(4)910014
D v denason^
;Vvi k o
n C°m
< 3 >1> 9 34,076(3)1,934>76(2)1,289,384<1)644:692
Mi«™i£^n,
Miscellaneous.
135,000
10,000
251,051
Betterment fund".
..
2,000,000 2,500,000 2,500,000 1,500,000
Disco nit, etc
2*8,167
347,078
80,392
31,185
Balance.
-sr.$524,719 sr.185.041 sr.182.076 sr.$822,030
J
,
1903-4
-
^
-
i
1
t
fK.pi nT
'
^xUit
Cent.
(mo^ii
2,000,000
5,000,000
5,000,000
39,710.500
8,000,000
20,000,000
600,000
3,500.000
Whom.
Payable
&
&
&
6g. A. &
6g. F. &
4g. M. &
4 g. A. &
4 g. J. &
4 g. J. &
5g. J. &
4g. M. &
$100 $64,469,200 3 in 1904 J.
100 22,988,100 4 In 1904 F.
1,000
7,283,000
6g. M.
.
-
Bonds— Princl
INTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks—Last
-
Miles
of
of
Par
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
^T^gS ^.^ ^
1611
Dividend.
D. Office, Philadelphia. Dec. 16, '04,li«
A.
do
do
Feb. 17, '05,2%
N. N. Y., Mercant. Tr. Co. May 1, 193J.
O.
do
do
Apr. 1, 1932
A.
See text.
Feb. 1, 1934
N. N.Y., Mercantile Tr. Co. Nov. 1, 1989
J.
do
do
J. N.Y.,
Metr-p'llfnTr.Co.
O.
do
do
Oct.
July
D. N.Y., Mercantile Tr. Co. Deo.
Jan.
1,
1,
1,
1,
1996
1944
1941
1922
Fidelity Tr. Co. Sept. 1, '05-11
do
do
Jan. 1, '06-13
do
do
Mar. 1, '06-13
8. Phila..
900,000
4 g. J. <fc J.
900,000
4g. M. & S.
See text.
250,000
4g- M. & S
F. & A.
4,000,000
7
8
Q.—F.
4,799,550
M. & N.
1,500,000
4
4,500,000
33ip g. J. & J.
M. & S.
1,200,000
M. & N.
390,000
4
18,878
400,000
5 g- A. & O.
1.650,000 See text. J. & J.
3,068,400 See text. Q.-J.
17,193,425 8 in 1904 J. & J.
6
Q.-J.
1,500,000
4iag. A. & O.
1,757,000
J. & J.
3,565,000
5
Q.-M.
4
1,000,000
J. & J.
654,000
6
4 ]2g. J. & J.
154,000
Read'g Termin'l Sept."!," 1952
Burlington, N. C.
Feb. 1, '05, 3*3
Phila. Of., 240 So. 3d St. Feb. 25,'05,2%
Phila.,
do
do
do
do
May
do
do
do
do
1,
1,
Sept. 1.
Nov. 1,
Jan.
&
1936
1953
1905
1928
1920
1928
Bost. 1023 Old So.Bldg. Apr.l'05,Ha%
Phila., Phila.
Read'g.
N.Y., J. P. Morgan* Co.
Apr.
July
1,
1,
,
Baltimore, Treas. Office
Annapolis.
Baltimore, Treas. Office.
Baltimore,Treas. Office.
N. Y., 21 Cortlandt St.
do
do
do
do
Jan.16,'05,4%
Irredeemable.
Apr. 1, 1925
Jan. 1, 1926
Mar., 1905, 1%
July
Jan.
1,
1,
1917
2000
Officers.— President, L. E. Johnson; Chairman of Board, Henry
Fink. 27 William St., N. Y.; Vice-Pres., Wm. G. Macdowell; Sec, E.
H. Alden; Treas., Jos. B. Lacy. General niiice, Roanoke, Va.; Philadelphia office. Arcade Bldg., Market and 15th streets.
Di rectors.— Henry Fink and Victor Morawetz. New Fork; L. E. Johnson,
Roanoke, Va S. M. Prevost, Samuel Bea, N. Parker Shorti-ldge, W. H. Barnes,
Joseph I. Doran and John P. Ureen, Philadelphia; James McCrea, Pittsburg;
Walter H. l'avlor, Norfolk, Va.
-(V. 79, p. 2148; V. 80, p. 998, 1059, 1175, 1235.)
;
Norristown
& Main
Line Connecting
RR.—Owns
road
3,405 feet long, including bridge over Sohuylkill River, extending
from Norristown to a connection with the main line of the Philadelphia & Reading at a point above Bridgeport, Pa. Leased to Phila.
& Reading Ry. at 4 p. 0. on stock and int. on bonds. The Reading Co.
owns all the $50,000 stock and guarantees the bonds.—V. 75, p. 1148.
Owns from Gold^boro to Charlotte, No.
North Carolina
Carolina, 221-65 miles; Caroleigh Jot., N. C, to Caroleigh Mills, 1*90
m.; total, 223*55 m. Leased from Jan. 1, 1896, to the Southern Ry. Co.
for 99 years at $266,000 (6^2 p. 0. on stock) per year till Dec. 31, 1901,
and $286,000 (equal to 7 p. 0. on stock) balance of lease; also taxes.
V. 63, p. 361. State of Nor. Car. holds $3,000,000 stocks. (V. 66, p. 665).
North Pennsylvania
Owns from Philadelphia, Pa., to
Bethlehem, Pa., 56 miles; branches to Delaware River, &c, 31 miles;
1
second track, 54 a miles; total track, 227 miles. Leased for 990
years from May 1, 1879, to Phila. & Reading RR. at 8 per cent on
stook, and lease assumed in 1896 by Phila. & Reading Railway. Current liabilities June 30, 1904, $432,968— (V. 73, p. 1160; V. 75, p.
1354; V. 78, p. 821.)
North-Fast Pennsylvania
Owns road from Glenside to
New Hope, Pa., 26 miles. Controlled by Reading Company. Capital
stock, $400,000, of whioh $318,950 owned by Reading Co. par, $50.
Northern Alabama Ry.—Sheffield to Parrish, Ala., and branohes,
119 miles. In April, 1899, a majority of
stock and bonds purchased by the Southern Ry. V. 68, p. 824, 873. See also V. 69, p. 391.
Stock is $2,000,000. Under supplemental mortgage of 1898 $400
000 of the outstanding $1,700,000 1st 5s were made prior liens. Remaining $1,300,000 general lien bonds bear interest for two yeara
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, 1902,
gross, $408,161; net, $57,689. In 1900-1 net, $54,898.— (V. 69, p. 28.
Northern (New Hampshire)
Owns Concord, N. H., to
White River Jot., Vt., 70 miles branch to Bristol, N. H., 13
total,
miles.
Subsidiary
83
lines, Concord & Claremont RR., 71 miles; Pe
terborough & Hillsborough RR., 19 miles. Lease to Boston & Lowell
tor 99 years from Jan. 1, 1890, was assigned to Boston & Maine; rental
was 5 per cent on stook till July 1, 1897, and now 6 per cent, payable in gold. Until July, 1897, 1 p. 0. extra was paid regularly from
contingent fund. Also in 1894, Jan., 5 p. 0. extra was paid; in 1896,
July, 2 p. 0. extra; in 1897 5 p. 0. extra; in July, 1904, 13 p. 0. extra.
-(V. 65, p. 463; V. 78, p. 2385).
Northern California Ry.—See Southern Paoiflo RR.
Northern Central Ry.—Owns Baltimore, Md., to Sunbury, Pa.
135 miles, of which 132 miles double track— branch, 9 miles ; leases—
Shamokin Valley & Pottsville RR., 38 miles; Elmira & Willlamsport
RR., 76 m. operates at cost— Elmira & Lake Ontario RR., 100 miles;
Lykens Valley RR., 19 miles also since June 1, 1902, York Hanover
& Frederick RR., 56 m.; York branch Penn. RR., York, Pa., to Columbia, 13 m.; total, 448 miles. Also uses N. Y. L. E & W. traoks, 7 m.,
and Phila. & Erie, Sunbury to Willlamsport, 40 miles. The Northern
Central Connecting RR. Co., incorporated on May 12, 1903, with $350,000 authorized stock, is building from a connection at Selinsgrove Jot.
to the main line of the Pennsylvania RR., 35 miles. V. 78, p. 773.
Organization.—A consolidation of several roads in 1854 Con.
trolled by the Pennsylvania RR., which owns a majority of the stook.
The stockholders in Nov., 1903, authorized perpetual lease to or
merger with the Pennsylvania RR. V. 77, p. 1875
Securities Owned— On Jan. 1, 1905, among the assets held were
Elmira & Lake Ont. stook (all), $1,500,000; Sham. Val. <& Potts, stock,
$619,650; Union RR. stook, $1,225,000 (the bal. of $875,000 being held
by Phila. Wllm. & Balto.), etc Also the following, mostly acquired in
1900: Cues &Ohio stook, $1,500,000; Bait. & Ohio pref. stock, $1,000,000, and common, {$781,500; Norf.CA West. pref. stock, $500,000, and
common. $1,000,000; Erie &West. Transportation Co. stock, $500,000.
Stock.—Authorized issue was increased in Feb., 1900, from $8,000,000 to $12,000,000; Penn. RR. on Jan. 1, 1905, owned $9,401,950.
The stockholders in Nov., 1903, voted to increase the authorized stook
from $12,000,000 to $20,000,000, Of the new stook, $5,731,125, raising
the amount outstanding to $17,193,425 was subscribed for at $62 50
per $50 share in June, 1904, the proceeds being used to pay off $2,000,000 bonds maturing; July 1, 1904, purchase $1,562,000 of the
$2,000,000 outstanding Shamokin Valley & Pottsville RR. 3^ p. 0.
bonds not already owned, and provide for improvements and equipment. V. 77, p. 1875; V. 78, p 1907.
Divid'ds.— ) 1888. '89. '90. '91. '92. '93. '94 to 1900. 1901 to Jan.'05.
8 yearly (JAJ)
Per cent... J 7
8
7 yearly
7 7
8
8
Earnings.— 2 moa., i 1905
Gross, $1,410,215; net, $12,612
Jan. 1 to Feb. 28. 1 1904
Gross, 1,416,915; net, 98,612
Annual Report.— Fiscal year ends Dec. 31. President's report for
1904, given at length In V. 80, p. 868, 876, showed the following
RR.—
RR.—
RR.—
RR.—
;
;
;
m
;
RAILWAY STOCKS AND BONDS.
i6ie
RAILROADS.
Date
Miles
Size, or
of
Par
For explanation of column headings, &o., see notes of
Road. Bonds Value.
on first page of tables.
1895
No.Ohio— 1st M., g. ($15,000 p. m.) gu., p.* i.Ce.C 167
Northern Pacific Ry.— Stock, $155,000,000
60 Ja
Western RR. Minn. 1st M., gold, assumed
182
St. Paul & N. P. Gen. M., I'd grant, ass'd.Ce.c*<ftr
New mortgages of Northern Pacific Ry.—
Prior lien M. $130,000,000 gold, ld.gr.?Ie.c\tr See {
Gen. lien M. $190,000,000, g., land trr. F c**r See J
*26
8t. P.-Dul. Div. pur. money M., $20,000,000.G.c
C.B.&Q. col. tr.M., «r. (red.aft. Jan.'06 at 105) So&r
"15
1st M.Minn.& Dul.,Minn.toW.B.Lake,g.ass'd FP
1877
1883
-
St.
Paul
<&
Outstanding
$1,000
$2,500,000
100 155,000,000
1,000
328,000
1,000
8,021,000
1896 500 &o. 102,915,500
1896 500 &o. 60,000,000
1900
1.000
*7,815,000
1901 l.OOO&c 215,223,000
1877
1,000
280,000
. .
Bonds Underlying
Amount
Duluth Drv. Mort GAGE.
[V~OL.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Du».
Rate per When Where Payable, and by Stocks—Last
Cent.
Whom.
Payable
Dividend.
5
6^ in
g.
'04
7
A.
&
O. N. Y., Chase Nat. Bank.
4g.
3g.
Q.-J.
Q.-F.
g.
J.
4g.
7g. M.
&
$
&
ff
t
N. Y., J. P.
If 04.
1903.
1901.
1902.
381
450
408
«50
$10,288 204 $10,310,086 $8,4 56/85 $8,266,958
2,511,969
2,351,590
2,458,949
2,336,£08
594,306
799.505
575.608
Other receipts
729,370
Total net income. $3,188,319
$3,135,713 $2.91*7,19* $3,106,275
Rentals, &c
$420,180
$507,777
$ 464,912
$ 194,760
Interest on debt
530,187
494,512
591,105
535,905
Dividends 8 p. c ....
916,980
916,980
916,980
1,146,224
Taxes and mlscel. .
93,157
i:- 6,969
£06,72
212,979
Extraordinary
700,000
1.101.039
920.681
908,484
Balance, surplus.
None.
None.
$11,405
$129,567
-(V. 78, p. 764, 772, 985, 2600; V. 80, p. 712, 868, 876.)
Northern Consol. Holding: Co.— See page 1684.
Northern RR. of New Jersey.— Owns from Bergen, N. J., to
Bparkill, 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
4^ per cent general mortgage bonds, guaranteed by the Erie, $654,000 are reserved to retire the 6s due July 1, 1917, and the remainder
for Improvements and betterments or equipment for operation by eleotricity of the leased properties. See V. 69, p. 81.— (V. 71, p. 30.)
North. Ry. Costa Rica.— See V.71, p. 1067, and United Fruit Co.;
.
V. 75, p. 849; V. 78, p. 288.
Northern Ohio Railway.— (See Map Lake Erie & Western.)—
Owns Akron to Delphos, O., 165 miles; branches, 2 miles. Leased
in perpetuity to L. E.
& W., which
Stock.—Common stock
f erred
non-cumulative 5
(all
guarantees the bonds. V. 62,
owned by
L. E.
p. 826.
&W.) $3,580,000; pre
$650,000; par of each $100.
Bonds.—The first mortgage is for $4,000,000 of which $1,500,000
unissued are limited to $15,000 per mile of completed road hereafter
constructed or purchased. Operated as part of L.E <fe W. 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. The system comprises
Main
line.
p. o. stock,
Miles.
Ashland, Wis., to Portland,
Ore. (incl. 5 m. terminals) .2,171
Brainerd and Staples to St.
Paul
181
Other lines
412
Total main line
Various branches
2,764
2,540
Leased
to others.
Miles.
To other companies
To Province of Manitoba
Not operated
Total(inc.
9
354
20
17m.trackage)5,687
Controlled properties.
Wash. & Col. River,
fll63
Minn. <fe Intern. (V.77, p.451) 142
Other companies
44
17 m. trackage (operated directly) 5,304 Total system July 1, 1904.. .6,036
IT See this company.
Second track
92
The Manitoba branches, aggregating 354 miles, were leased for 999
years from May 31, 1901. to the Provincial Government and sub let by
the latter to the Canadian Northern Ry. at a rental of $210 000
annually for the first 10 years, then $225,000 lor 10 years, then $275 000 for 10 years and thereafter $300,000, with the option of purchase at any time for $7,000,000. V. 73, p. 610. In Jan., 1902 purchased branch from Minneapolis to White Bear Lake, Minn 15 miles
'
formerly leased, assuming $280,000 bonds. V. 74, p. 94
On July 1, 1900, the St. Paul & Duluth RR., St. Paul to Duluth
etc., 238 miles, was merged, its bonded debt being assumed. V.
70 p'
1250; V. 71, p. 6 48. On June 30, 1904, 106 miles of branches and exTotal, incl.
,
tensions were under construction.
V. 79, p. 1400.
HiSTORT.-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 reorganised per plan in V. 62. p 556'
The original Northern Pacific Companv was chartered by Congress
July 6, 1864; 450 miles to Bismarck were foreclosed in 1875.
STOCK.-The $75,000,000 preferred stock was paid off at par on Jan1, 1902, the common being increased from $80,000,000 to $155
000 * ioJ ."w.
V. 73, p. 1062, 1160; V. 74, p. 41; V. 78, p. 1223.
Securities Co., which owned $153,750,640 Northern
Faciflc stock, hIfo most of the Great Northern stock was in April '05
being liquidated under the pro rataplan of distribution sustained bv
the U. S. Supreme Court, ihe Union Pacific to neeive :f;3? 070 612
Northern Pacific stock on account of Its holdings of Northern Securities fctock. V. 80, p. 118, 1363, 1479.
Dividends (p. c.)— ) 1898 1899 1900 1901 '02 03 '04
1905
0C0.
The Northern
On common
2
£
4
4
5^ 7 6\ (Cnios.)3i*
ucv*»
On pref. (retired)
5
4 4(Q.-M.) 4 1 (final).
)
From May, 1904, to May, 1905. incl., 7 p. c. per an., viz., quarterly
1H P.O. and M p.c. extra. The dividends declared payable on Northern
.
Pacific stock exchanged for stock of Northern Securities Co from
to Feb., 1905, both inclusive, were in Apr., 1905 being
distributed on the liquidation of the latter. V. 80, p. 1479.
Bonds.— Abstracts of the new Prior Lien and General Lien mortage* of 1896 were in V.63, p. 1012 1019. and th.. statement to New
£'ork Stock Exchange, was in V. 63, p. 1072, showing:
May, 1904,
1,
1945
Jan.
Jan.
Deo.
July
Jan.
1,
1,
1907
1923
1,
1,
1,
1,
1,
1997
2047
1996
1921
1907
Morgan & Co. Aug.
1931
1917
1914
1916
1968
To 1909
N.Y.Wlnsl'w.Lan'r&Co. Jan. 1. 1933
do
do
do
do
1,
1,
Jan. 1,
Sept. 1,
June 1,
do
do
do
do
Oct.
Checks mailed.
Feb. 2, '04, lig
8an Fran.,Co.'s OfHoe. Jan. 1, 1912
Nov.,'04, not pd. wh.due May 1, 1942
N.Y. ,Farm's L. &Tr. Co. May 1, 1928
Bait., S. Dep. & Tr. Co
Apr. 1,1949
Meoh. Nat. Bk., Wore. Apr. 2,j*05, 2%
Boston, Co. 's office.
Mch. 1, 1927
City N.Bk,Wafrt'n,N.Y Apr. 1, 1923
Coupon bonds F. & A.; registered bonds Q.— F. $ Coupon bonds J. & J.; registered bonds Q.-J.
420 marks per dollar, t 5,130 miles, including 40 miles not operated; spurs, 261 miles. * $361,000
31—
Feb.
N.Y.,J.P.Morgan&Bert
do
do
t
D.
New York.
do
N.
do
Berlin at
Tear end. Dec.
Miles of road
Gross earnings
Net earnings
May
do
H
Oct.
Mayl5,'05[l\
York.
do
M.3J«&N4
6g.
4
New
Q.-F.
1,000
167 1881
1,000,000
F. & A.
Paul &. Duluth 1st mortgage, assumed
o*
5
1,000
167 1887
2,000,000
A. & O.
o*
5
2d mortgage, assumed. Ce
1,000
21 1884
210,000
J. & J.
Taylor's F. & L. 8up., let M., s. f. not dr'n.Ce.c*
6
x
1,000
25 1886
500,000
M. & S.
Puluth 8. L. IstM, p. & i., s. f. not dr'n.Oe...c
5
1,000
1,000,000
Consolidated mort., ass'd, $5,000,000, g.HIp.c* 238 1898
J. & D.
•98-'99
138.386 4ifi&5
Car trusts, including interest, July, 1904
i",6bo
1883
North' n Pac. Ter. Co.— IstM.. gold, red., at 110 F.o*
3,587,000
6 g. J. & J.
northern Railway (Cal.)— See Southern Pacific RR.
100 395,400,000 4«aln'03 Q.-F.
NorUurn Securi un— 8tock, $400,000,0o0
1,000
1,498,000
No. Shore RR.—'S. Pac. Coast, gen. M. (now lst),g.c 90 :5 1892
5 g. J. & J.
1902
1,000
New No. Shore M., $8,000,000, g., s. f. bpg.'12.c»
2,000,000
5 g. M. & N.
1893
1,000
794,000
Northwestern Coal Ry. — IstM., guar, end., g.F.e*
5g. M. & N.
1,000
Northwestern RR. of So. Oar.— 1st M., $375,000...
65 1899
285,000
A. & O.
4
100
3,000.000
Norwich <£ Worcester— Pref. stock, 8 p. o. rental
72
8
Q.-J.
1.000
1897
1,200,000
Bonds (not M.).int. gu. under lease, curr'cy. ..c<fcr
4
M. & 8.
7ia 1901 500 &o
^or..i;,S^L.— lstM.,$300,000,g.red.HOiulOyrsTa
100,000
5g. A. & O.
St.
LXXX.
add'l in treasury
June
30, 1904
Prior lien 4%s purchasable with land sales at not exceeding 110 [but not subject to call], not over
$500,000 cash yearly to be so applied. Total issue
$130,000,000
Issued and outstanding
102,015^00
Issued, but purchased and canceled
3,734*500
Reserved to retire St. Paul & N. P. and West. RR. bonds..
8350,000
For new construction, betterments, equipment, etc. under
carefully guarded provisions, but not exceeding $1,500,000 per annum. Originally $25,000,000—still held
16,000,000
Of the $190,000,000 general lien bonds, $130,000,000 are reserved
to retire the prior Hen bonds at maturity.
The St. Paul Jk Duluth Division mortgage seoures $20,000,000 purchase money bonds on the former St. Paul & Duluth, of whioh $9,215,000 were Issued to acquire the road, $5,283,000 are reserved to retire
existing St. P. & D. bonds and the balance for improvemeuts to the
property. V. 70, p. 1250; V. 71, p. 1167. The lands included in the
grant of the former St. Paul & Duluth are estimated to be worth
about $4,000,000, and were not covered by the old mortgages. They
are to be sold and proceeds applied to purohase of the bonds at not
over 105 and interest, or if not purchasable at that price, then to betterments, improvements or additions to the mortgaged premises or
equipment therefor. To July, 1904, $2,035,000 had been thus purchased and canceled. V. 71, p. 1167; V. 72, p. 339.
Land Grant.— The land grant was 12,800 acres to the mile in the
States of Minnesota and Oregon and 25,600 acres per mile in the (then)
Intermediate territories. The acres on June 30, 1904, not yet sold were:
Minnesota
82,875 Washington
2,489,751
CHorth Dakota
6,340 Oregon
52,998
Montana
6,679,382
Total west of Mo. Riv. 10,01 2,360
Idaho
701,014
Land sales in year 1903-04 aggregated 323,345 aores; net amount
received from sales and land contracts, $2,100,680.
Finances.— In 1 904 Northern Pacific and Great Northern had acquired
$107,611,000 of the $110,839,100 stockoi Chicago Burlington AQuincy
RR. in exchange for their joint 20-year 4 per cent gold bonds
secured by the deposit of the stock in trust, on the basis of $200 in
bonds for each $100 stock. See circular, V. 72, p. 871, 1034, 1135;
application to list, V. 73, p. 294; V. 73, p. 610.
Annual Report.— Report for 1903-04 in V. 79, p. 1459
1903-4.
1902-3.
1901-2.
1900-1.
Trs. ending JuneZO.
5,262
5,100
5,111
5,019
Aver, miles operat.
Passenger earnings. $11,105,753 $10,595,447 $9,177,509 $7,247,000
Freight earnings.... 32,998,921 33,301,958 30,227,013 23,481,713
1,832,270
Mail, express, &o....
2,419,900 2,244,700
1,982,85 3
Gross earnings.. $46,524,574 $46,142,105 $41,387,380 $32,560,984
Net earnings
$22,290,031 $22,110,012 $20,098,966 $15,920,840
$920,352
Taxes
$1,462,775 $1,421,434 $1,149,890
134,690
Rentals, etc
158,369
150,543
120,742
2,011,285
3,000,000
3.000,000
Add'ns and lmp'ts.. 3,000,000
Netoperat'gincome.$17,668,887 $17,538,035 $15,828,333 $12,854,513
743.787
MisceL.excl.land sale s 1,483,354
1,112,551 _
843,765 __
Bal. for interest
$19,152,241 $18,650,586 $16,672,098 $13,598,300
Interest
$6,922,930
6,904,696 $6,624,866 $6,395,681
Div. on pref. stock..
(2)1,500,000(4)3,000,000
Div. on com. stck;7'a) 10,849,989 (6ia)10,074,944 (5)6,999,946(4)3,200,000
Bal., sur.for year $1,379,322 $1,670,946 $1,547,286 $1,002,619
Officers.— President, Howard Elliott, St. Paul. Minn.; Vice-President, Dan. 8. Lamont, New York; Sec, George H. Earl. New York;
Treas., O. A. Clark, St. Paul. N.Y. office, 49 Wall St.— (V. 80, p. 1479.)
,
I
1
Northern Pacific Terminal Company, of Oregon.—Owns
terminals on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising lands 270 acres, trackage 32 miles, dock frontage
7,904 feet. Station at Portland, Ore., opened 1896. V. 69, p. 230, 441.
Lease.— Leased for fifty years from Jan. 1, 1883, jointly and severally
to Northern Paciflo, Oregon Ry. & Navigation and Oregon & California,
with guaranteed rental to pay interest, sinking fund and taxes; leases
assumed in 1899 by new Nor. Pac. and Or. RR. & Nav. V. 69, p. 230.
Stock.— Stock ($3,000,0001 owned by said three companies (40 p.o.)
by Oregon Ry. & Nav. Co., 40 per cent by No. Paoiflc and 20 per cent by
Oregon <fc Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, which is to canoel the bonds.
Bonds.—The first mortgage is for $5,000,000; In 1905 $4,150,000 had been issued, of which 8563,000 retired bv sinking fund, drawings at 110 and interest. V. 77, p 193; V. 78, p 288; V. 80, p. 223.
Northern Securities Co.— Incorporated on Nov. 13, 1901, per
plan for harmonizing the interests of the Northwestern roads. See V.
73, p. 1011, 1062 and 1357. In Maroh, 1904, the U. S Supreme Court
deoiared the company to be a combination in violation of the AntiTrust Act, and therefore illegal. V. 76, p. 811,919, 1249; V. 78, p. 1168.
In Apr., 1! 05. the pro rata plan of liquidation given below was sustained by the U. S. Supreme Court, and the company's holdings of
Great Northern and Northern Pacific stooks were being distributed.
V. 78, p. 1392, 1447, 1497, 2442; V. 79, p. 213, 270, 73*, 2148; V. 80,
p 118, 600, 1059, 136H. 147!)
The companv held $153,750,640 of the $155,000,000 s"cck of the
Northern Pacific and $118,124,200 of the stock [$124,109,200] of
Northern, which were acquired bv it on the basis
the Great
of $100 for $115 and $180, respectively, in Northern Securities
—c
.
RAILWAY STOCKS AND BONDS.
Apr.. 1905.]
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of column headings, &o., see notes Road. Bonds Value. Outstanding
on first page of tables.
Ogden Mine RR.- Stock (5 p.crent.Uen. of N. J.)
O Conn. Ry -1st M.,$2,OOO,OO0.g.,gu.p.&l.textFc'
o
Ohio <t Kv — 1st WL, g., s. f.,oallatllO.Ce
g.K
Oht 5 hXiile Kanaka tfy.-lst M-, $250,00^
Ohio River-Ut mortgage ($2,000,000), gold. FP.c
Gen. M. ($3,000,000), gold, 1st on 39 miles .FP.^
Rav.Sp.
& Glen.lst M.,$400,000,g.,gu.,p.&i.FPc*
Huntington* Big 8. IstM. ($400,000) .gold, guc*
Rlpley&Mill Cr.lstM.g.,gu. p. Al..end.FP.o &r
10
6
26
80
172
209
33
11
13
111
West'n-lst morr., $600,000, gold F..
guaranteed by rental.
. Id Colony—Stock, 7 p. c,
.r
Bonds, not mortgage...
Bonds, not mort. (authorized $3,000,000), g...c*r
o&r
Bonds, not mortgage
125
o
Boston Clin. F. & N. B. mortgage.
T
--Bonds, not mortgage ...
•-•••S£
21
Omaha Bind ge & Terminal Ry IstM. ($5,000,000)
670
Oregon dt Oal— lstM.,g.,dr'natlOOgu.p.&i.lJn.c*
Oregon XII. & Navigation— Common stock
Preferred stock, 4 per cent, non-cumulative
o* 1,063
Consol. M. (now 1st) $24,500,000, gold.N
Oregon Short Line RB.—Ut M., (Ry. Co.) g...O* 600
477
per
ml
e.
..o*
.
Utah & North'n 1st mort., $12,000
477
Con. M.. gu., $15,000 p. m., 8. f. not dr'n.g. A Be*
Con. 1st M., $36,500,000, g. (1st M. on 400 m) G.c* 1,479
Ref.M.,$100,000,000,g ,gu.,p.&i..red.textEqc\fcr
Income bonds, Series A. 5 p. c, non-oum.OB
Series B, non-cum.Mo
do
Oreg. <6 So. E.— 1st M., $300,000, g., red. 110, s.f.No
35
oswego <fi Syracuse- Stock, 9 p. c. guar., D. L. & W.
35
Consol. M. (guar. D.L. & W.)
Ohi
>
River
<e
NB
—
.
Construction! mort., guar, (for $1,000,000).F....
Owensboro <& Nashville— let mortgage, gold. ..Ceo'
35
88
1903
1896
1900
1886
1887
1890
1892
1888
1903
$100
$450,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000,000
250,000
228,000
2,000,000
2,941,000
100
1888
1,C00
1894 1,000&0
1895 l.OOO.fec
1880
1,000
1902
1893
1,000
1887
1,000
100
100
1896
1,000
1882
1,000
1878
1,000
1886
1,000
1897 500 &o.
1904 l.OOO&c
1897 500 &o.
1897 500 &o.
1902 500 <feo.
50
1,000
1876
1,000
1883
1.000
1881
The stockholders voted on April 21, 1904, to reduce
the stock from $395.4C0,000 to $3,954,000, the par value of sharesto
In return for each 100 shares of Nor. Sec. stock owned
remain $100.
the holders to receive 99 times $39 27 stock of the Northern Pacific,
or $3,887 73, and 99 times $30 17 stock of the Great Northern, or
$2,986 83, and a stub for 1 per cent ($100) of the original Nor. Sec.
stock owned, the latter representing the rema ining assets in the treasury, pending completion of dissolution. V. 78, p 1223, 1275, 1392.
D« ,'idends.— Dividends 1902, 4 p. c; 1903, 4^; 1904, Feb., \H p. 0.,
stock.
none
sinoe,
owing
to litigation.
for 13^ months ending Dec. 31, 1902, with balance
in V. 76, p. 1028, showing: Dividends on stocks owned,
Report— Report
sheet,
was
$15,364,262 expenses, interest and taxes paid, $542,510 dividends
(4 p. c), $14,063,645; balance, surplus, $758,107.
Officers.— President, James J. Hill; Vice-President, John 8. Kennedy; Second Vice-President, George F. Baker; Third Vice-President.
D. Willis James; Fourth Vice-President, W. P Clough; Secretary and
Treasurer, E. T.Nichols; General Counsel, W. P. Clough.
Directors.— D. Willis James, Samuel Tboroe, James J. Hill, E. T, Nichols,
George F. Baker. Robert Bacon. George W. Perkins, Daniel S. Lamont, Amos
Tuck French.Jacob H. Schlfl, James Stillman, W. P. Clough, George C, Cla-k,
John S. KennedT and N. Terhune.
-(V. 79, p. 628, 734, 1955, 2148; V. 80, p. 118, 600, 1363, 1424, 1479 )
;
;
North Shore RR. (Narrow Gauge)— Owns San Franolsoo to
Cazadero, 87 miles; branches to San Rafael and Mill Valley, 4 miles;
leases to San Quentin, 3 miles; total operated, 94 miles, includ ng
ferry to San Francisco, 6 miles. Of the road, Sausolito to Mill Valley,
Fairfax and San Rafael, 25*3 miles, was opened as a third-rail standardgauge electric line in Aug., 1903. V. 74, p. 1 252. Successor May. 1902.
of North Pacific Coast RR. In 1904 President Arthur W. Foster of
the California Northwestern Ry. and associates, including, it was understood, Southern Pacific interests, acquired control. V. 79, p. 681.
Stock.— Stock issued, $6,000,000; par $100. V. 77, p. 250, 1634.
Bonds.— Of the 5s of 1902 (Merc. Tr. Co. of San Fran., trustee), the
present Issue is 53,500,000, of which $1,500,000 were reserved to retire
the N. P. Coast 5s at or before maturity, the bal. being issuable as required for extensions and improvements. V. 74, p. 1252. The Nov.,
1904, interest on the 5s of 1902 was not paid when due. V. 79. p. 2148.
For year ending June 30, 1904. gross, $640,738; net, $47,308; interest and taxes, $163,888; baL, def. for year, $116,580. President, Arthur W. Foster, San Francisco.
Directors Aug.. 1904, V. 79, p. 681.
-(V. 78. p. 103, 584, 1497, 2599; V. 79, p 681, 2148.)
Northwestern Coal Ry.— Allouez Bay, Wisconsin, to Allouez
Junction, Wis., 2-53 miles, with coal wharf covering about 80 acres of
land. V. 71, p. 698. Owned by the Pittsburg Coal Co., which guarantees the bonds. See official statement, V. 71, p. 698. Capital stock,
For year ending June 30, 1904, gross. $22,051; net, $3,$1,000,000.
298; int. and taxes, $11,864; bal., def. foryear, $8,566.— (V. 71, p. 698.)
N orth west.— See Chicago & North Western.
Northwestern RK. of South Carolina.—Wilson Mill, 8. C,
via Sumter, to Camden, 616 miles, of which Sumter to Camden completed 1900; branch.Mlllard to St.Paul,3-7 m.; trackage, 4-32 m.; total,
69-62 miles. Stock, $100,000. Dividend 6 p.c. paid yearly, Dec, 1900,
to 1902. in 1903, 4 p. c. Year ending June 30, 1903, gross, $103,977;
net, $51,806; charges, $15,000; dividends, $6,000; bal., but., $30,806.
RR.—
Norwich dt Worcester
Owns from Norwich, Conn., to
Woroester, Mass., 59 miles; branch, Norwich to Groton, 13 miles;
total, 72 miles. Also owned entire capital stock ($500,000) of the Norwioh & New York Transp. Co., operating boat line to New York City
(merged in New England Navigation Co. in Dec, 1904). Leased
to New England RR. for 99 years from Feb. 1, 1869, and accepted by
N. Y. N. H. & H. RR. since July 1, 1898; rental is 8 per oent on preferred stock— (V. 69, p. 1194; V. 70, p. 76, 125.)
Norwo
A St. Lawrence Kit.— Norwood to Raymondville. N.
opened Nov., 1901. Stock, $100,000; par of shares, $100.
Bonds are sub|ect to call at 110 Apr. 1, 1912. Year ending June 30,
1904, gross. $i6,669; net, $14,503; int. and taxes, $5,4"ift; bal., sur.,
$9,018. Pres.. Chas. H. Remington, Treas., Warren F. Howe, Waterd
F., 7*3 m.;
town, N.
Y.— (V.
74, p. 1090.)
Ogden Mine RR.— Owns
Nolan's Point (Lake Hopatcong) to
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1, 1882, to Central RR. of N. J. for 5 p. c per annum on oapital
stock and $500 yearly for organization expenses.
Ogdennburg
Lake Champlain Ry.— See Rutland RR.
Ohio Connecting
Owns biidge over Ohio River near Bir
m Pa -' anQ approaches, 5G3 miles
Leased from Oct. 20.
^oT? 6 .
1890, for no definite time to Pitts. Cinoin. Chic. & St. Louis Ry.;
rental, net earnings. Stock increased in Dec, 1902, from $1,000,000
to $2,000 000 in $50 shares. Bonds are guaranteed as to principal and
y endorsement by Pennylvanla Company, which on Jan. 1,
vJ»X£
1905, owm'd the entire stock and bonds.
For calendar year 1904,
S
5
et $17«.383; charges. $8 J,000; dividends (5 p. c),
^*n°v-?
Z, ?
fi«A
100,000;
bal., def., $1,61 7.-(V. 76, p. 919.
Ohio A Kentucky Ry.— Owns from Lex. & East. Ry. at Jackson, Ky to cannel coal fields in Morgan Co.,Ky., 26 m. Operated by
bex. & East. Ry., but independent operation resumed in July, 1904.
&
RR.—
'
;
376,000
303.000
50.000
600,000
17,871,400
4,000,000
3,000,000
5,598,000
1613
Honds— princlINTEREST OR DIVIDENDS.
pal.When Du*
Rate per When Where Payable, and by Stocks— Last
Whom.
Payable
Cent.
Dividend.
& J.
& S.
& J.
M. & 8.
D.
N.Y., Central Tr. Co.
June 1. 1936
& O.
do
do
Apr. 1, 1937
& A.
do
do
Aug. 1, 1920
& J. New York or Phila.
July 1, 1922
& A. Phila., E. W.Clark & Co. Aug. 1, 1908
6g.
4g. M. & S. No interest ever paid. 8ept. 1, 1953
Boston, Office.
Q.-J.
Apr. 1,'05, 1\
7
do
J. & J.
Jan. 1, 1938
4
do
Feb. 1, 1924
g F. & A.
do
J. & D.
Deo. 1, 1925
l
Boston,
N.
E.
Trust
Co.
Jan.
J. & J.
1, 1910
5
Treas.
office,
Boston.
July
3ifl
&
J.
1, 1932
J.
& J. Prov. L. & T. Co., Phila. Feb. 1. 1943
5
5g. J. & J N. Y., South Pacific Co. July 1, 1927
Phila., 608 Chestnut St. Jan., '05, 2ifl%
N. Y., Farm L. & Tr. Co. Sept. 1. (943
N. Y., 1 Broadway.
July 1, 1926
N. Y., Knick. Trust Co. Mch. 1, 1950
J.
M.
J.
<te
'
1,912,000
1,000,000
1,563,000
18,631,000
24,000,000
11,000,000 4% in '04
4g.
21,479,000
6 e14,931,000
7
4,993,000
5 g1,802,000
5 g.
12,328,000
4 g.
See text.
7,185,000 5 p. 0. in
14,841,000 4in 1904
5 g.
300,000
9
1,320,400
7
438,000
5
668,000
6 e.
2.000.000
J.
J.
F.
J.
J.
J.
&
&
&
&
&
&
&
J.
D.
A.
J.
J.
J.
D.
Sept.'Ol
Oct.
A.
O
F.-A..20
J.
&
M.
M.
M.
&
&
<fe
8.
N.
N.
N. Y. Office, 120 B'way. July 2, '98,
Jan. 2, *05,
do
do
New York & Germany June
1%
2%
1946
192*
1908
do
do
July
do
do
July
1926
July 1, 1946
do
do
do
do
Dec 1, 1929
do
do
July 1, 1946
do
do
July 1, 1946
N. Y., No. Amer. Tr. Co. Apr. 1, 1922
N. Y., Del. L. & W. RR, Feb. 20, 1905
Mch. 1. 1907
do
do
do
May, 1923
do
Nov. 1. 1933
N. Y., 71 Broadway.
N. Y., 120 Broadway
Feb.
1,
1,
1,
1,
stock, $200,000; pref stock, $100,000; bonds as above, $250,000;
junior securities to be taken by stockholders, $175,000. Bonds are
guaranteed by Kentucky Block Cannel Coal Co. Year ending June 30,
Pres., W. de L. Walbridge, 1 B'way, N. Y.
1904, net earn. $46,699.
Com.
.
Ohio & Little Kanawha Ry.—ZanesviUe, O., to Marietta, etc.,
V. 69, p. 907. Bait. & Ohio has pledged under its Pitts. L.
E & West Va. mortgage $585,000 common and $824,000 pref. stock.
80 miles.
V. 73, p. 1264. Stock is, common, $918,000; pref., $1,167,500. Year
1901-02, gross, $188,718; net, $43,191.-(V. 73, p, 1264.)
(See B. <£ O. Map.)— In July, 1901, purchased
Ohio River
by the Bait. & Ohio RR., which has pledged $5,884,400 of the $5,915,430 capital «tock as part security for its own Pitts. L. E. & W. Va. 4s.
REPOKT.-Year ending June 30, 1902, gross, $1,559,152; net, $585,942; int. $252,536; bal.. sar., $333,406. Earnings since July 1, 1902,
O. -(V. 72, p. 287; V. 73, p. 287.)
are included in those of B.
RR.—
&
Ohio River & Western Ry.— See page 1684.
Old Colony RR. (Mass.)— Owns road from Boston to Provincetown, Mass., Newport, R. I., etc., 508 miles; leases, 108 miles.
Lease.— In 1893 leased to the New York New Haven & Hartford
99 vears. About $5,500,000 of the stock, included in table above,
held by the lessee. The lease provides for dividends of 7 p. 0. per
annum on stock not exchanged. V. 56, p. 247, 374. Stock author*
ized, $20,000,000. On June 22, 1904, $462,500 stock was sold to retira
$750,000 bonds maturing July 1, 1904, and $17,000 floating debt,
raising amount issued to $17,871,400. V. 78, p. 1962, 2335, 2443.—
V. 78, p. 1S62. 2335, 2443, 2600.
Buna to Orange, Texas, 30
Orange 6c Northwestern
miles. Extensions are proposed, making 385 miles in all, including
one from Buna to Siireveport, 150 miles. Stock authorized, $400,000;
outstanding $35,000. In Nov., 1904, B. F. Yoakum of the St. Louis &
San Francisco acquired an internet. V. 79, p. 2797. In April, 1902,
the Railroad Commissioners of Texas approved the issue of $23,000
bonds permile on 30 miles. Bonds outstanding Dec, 1904. $420,000
first 5s, due Sept. 15,1933. For year ending June 30,1904, gross,
$76,130 net, $16,397; taxes. $2,367. President, L. Miller; Sec. and
Treas., W. W. Reid. Office, Orange, Tex.— (V. 79, p. 2797.)
(See Map Southern Pat. ) -Portland,
California
Oregon
Ore., to California State line, 367 miles Albany Juno, to Lebanon, 12
miles; Portland to Corvallis, 97 miles; Woodburn to Natron, 93 miles;
Portland, Ore., to Airlee, Ore., and branch, 85 miles; Mohawk Jet. to
Wendling, 16 m.; trackage, 2 m. Total,672 miles.
Lease, etc.—Leased to Southern Paoiflo 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 dettoit after payment of charges. Betterments are payable by lessor. Southern Pacific
owns all but $75,000 of the $19,000,000 stock, $12,000,000 of which
is 7 p. c. pref.
V. 72, p. 287. Due 80. Pac June 30, 1904, $5,583,690.
Bonds.—Land grant was about 4,000,000 acres, part of which le
covered by the mortgage, proceeds of land sales going to redeem bonds
for
Is
RR.—
&
RR.—
;
(subject to call at par). The Southern Paciflo guaranty of principal and Interest is printed on each of the 5 per cents. In 1903-01 net
land sales subject to mort. were $115,596. See V. 63, p. 754.
Latest Earnings.— 7 mos., ) 1903-4. Gross, $2,576,550; net, $913,399
2,344,219; net, 651,434
July 1 to Jan. 31.
\ 1902-3.Gross,
Earnings.—Year ending June 30, 1904, gross. $4,303,215; net,$l,259,601; int., taxes, etc., $1,271,356— (V. 77, p. 2098; V. 79, p. 2457.)
Oregon Improvement.— See Pacific Coast Co. (Miscell. Go's).
Oregon Railroad 6c Navigation.— (See Map Union Pac.)— East
Portland, Ore., to Huntington, Ore., 403 m. Umatilla, Ore., to Spokane, Wash., 245 m.; branches owned, 467; leases Snake River Valley RR., Wallula to Grange City, Wash., 66 m.; other, 2 m.; total,
1,083 m., of whioh 13 narrow gauge; river division water lines, 308
miles. Ocean line to San Franoisco, 660 miles. In Aug., 1904, contract was let for branch from Arlington to Condon, Ore., 46 miles.
Organization.— Organized in July, 1896, per plan in V. 61, p. 325
and V. 62, p. 41. Controlled by Union Pacific Ry., direotly and
through Or. Sh. Line. Owns $700,000 first 5s (entire issue) of Columbia Southern Ry., Biggs, Ore., to Shaniko, 71 miles. V. 73, p. 1363.
Stock.— In October, 1899, the U. P. Issued Its common stock to
retire, $ for $, the $7,718,600 Or. RR. & Nav common stock not
owned by the Short Line Co. and its preferred stock to retire the $11.000,000 Or. RR. & Nav. pref. stock.— V. 69, p. 492, 597. In July, 1904.
all except $20,21C common and $14,660 preferred stock was owned
by the Union Pacific system. V. 70, p. 177.
Dividends.—On preferred: 1897, 2 p. c; 1898 to Jan., 1905, both
lnolusive, 4 p. c. yearly. On common paid 1% July 2, 1898.
Bonds.—The consolidated mortgage of 1896 (abstract V. 63, p
928; trustee, New York Seourlty & Trust Co.) oovers all the propertv.
Of the $24,500,000 authorized, the bonds unissued are mostly
reserved for the construction of additional road at the rate of not more
than $20,000 per mile of constructed road. V. 74, p. 206.
Report.— Report for 1899-1900 in V. 71, p. 960; none since.— (V. 72,
p. 45, 184 V. 74, p. 206, 380, 830, 884; V. 75, p. 290.)
(See Map Vn. Pac.)— Granger Wyo., to
Oregon Short Line
Huntington, Ore., 542 m.; branoh to Ketohum, Idaho, 70 in.; Ogden to
McCammon, Idaho, 111 miles Pocatello to Sliver Bow, Montana, 25e
;
;
RR.—
,
!
16J4
RAILWAY STOCKS AND BONDS.
[Vol. lxxx.
Apr., 1905.]
RAILWAY STOCKS AND BONDS
1615
RAILWAY STOCKS AND BONDS.
1616
RAILROADS.
Miles
of
see notes-
For explanation of column headings, &c,
on first page of tables.
Otark d Cher. Cent.— 1st M.. g.,gu. p
&
i.
red.
par
N
Panama— 8took
1st M.,$4,000,000, s.f.,g,red. at 105(text).Ce...C
Subsidy bonds.,g.,dra'WTiat 100. See V.64,p.705.o*
Paierson <£ Hud.Riv.—Stk., 8 p.c. rent. N. Y.L.E.&W.
Paterson ot Ramapo Stock (rental guarantee)
Pemigeicasset Valley RR.— Stock (rental guarantee)
Pennsylvania RR.— 8tock, $400,000,000. Tr
General mort. bonds, $1,000 and *200 eaoh..o<fcr
144
48
48
14
14
—
'
***£
£t~«
OOgS
oi
•
r
Currency registered bonds
Currency coupon bonds
c
Sterling bonds
c
r
Gold registered bonds
Gold coupon bonds
c
c*
not
drawn..
Gold coup., s. f., 1 p. c,
Sterling (s. f. in 1900) not drawn. o*«fer
Eonds (P. W. &B. stock as collateral)
Collateral trust loan, gold , not drawn
Gold bends, redeemable,
do
do
J.
857
857
i
o'&
do
A, drawn at 100.. .c
J.:
Par
1903
1902
$1,000
1,000
1897
1880
1,000
1,000
>>
1867
1875
1875
43
43
56
5
138
462
B
..
1881
1883
1902
1905
1878
1878
*....
....
$ or £
1,000
1,000
£200
1,000
1,000
1,000
£200
1,000
1,000
500 <feo
500 &c.
100 &0.
100 &0.
1896
1,000
1879 100 &o.
1888
1,000
1882
1,000
1904
1,000
1889
1,000
1898-9
1899
1900
on registered bon ds A. &o.
1,000
1,000
1,000
a Incl
;
June
30. 1901, 1,313 miles.
1903, the portion of the main line from Salt Lake City,
Utah, to Calientes, Nev., 340 miles, included above, with some branch
mileage and additional completed road south of Calientes, 512
miles in all, was taken over under purchase by San Pedro Los Angeles
6 Salt Lake Ry., the Oregon Short Line acquiring a half interest in the
San Pedro L. A. & S. L., to be completed between Los Angeles and
Salt Lake City by Jan., 1904. V. 79. p. 1705. V. 76, p 919, 1356; V.
77, p. 38. Snake River RR. is to build from Riparia, Wash., to Lewiston, Idaho. 71 miles. In Feb., 1905, contract for branch from
nidoka ti Twin Fa Is, Idaho, 60 miles, was let.
History.—Successor March 16, 1897, of the Oregon Short Line &
Utah Northern Ry., foreclosed per plan in V. 62, p. 504, 505. Controlled by Union Pacific which holds nearly the entire capital stock
and the greater part of the Income
and B bonds. V. 75, p. 1032.
Capital Stock.— Authorized $27,460,100, of which new Union Pacific
Ry. Co. has acquired $27,450,100. V. 68, p. 188, 381, 474.
Bonds.— Of the $36,500,000 new first consols, $22,029,000 are reserved to retire at maturity the loans not disturbed
Series A, incomes, non- cumulative 5 per cents, have received In
Sept., 1897, 4 p. 0.; Sept. yearly since, the full 5 per cent, at Guaranty
Trust Co., N.Y. or Old Colony Trust, Boston. V. 69, p. 492.
miles; total
On July
7,
Mm-
A
:
&
$16,281,400 common and
$976,900 preferred, is owned and pledged as special security for
the Series B incomes, but dividends thereon are to go to the Short Line
company except as needed to pay to Series B their full interest. In
Oct., 1898, 3 per cent and in Oct., 1899 to 1904, Inclusive, 4 per cent
yearly was paid on the 8eries B inoomes. V. 65, p. 572; V. 66, p. 1141.
The Union Paoifio owns $6,751,000 of the $7,185,000 Income "A"
bonds and $14,788,000 of the $14,841,000 "B" bonds. V. 70, p. 176.
In 1900-1901 $78,108,000 Northern Pacific stock was purchased and
exchanged for $82,491,871 Northern Securities Co. stock and $8,900,007 cash (V. 75, p. 1196). All of the Northern Securities stock was
deposited as collateral for an equal amount of " participating
bonds, the latter, together with the cash mentioned, being given to the
Union Pacific RR. for advanoes. The participating bonds have been
exchanged for collateral trust 4 per cents (see below).
Theref. gold guar. 4s (oolla*;. trust) of 1904 (authorized issue, $100,000,000) are subject to call atl02ia on and after Dec. 1, 1907. The
present issue, $82,491,000 (of which $45,°91,000 is held In the Union
Pacific treasury) is secured by an equal amount of Northern Securities
stock, the remainder of the $100,00 ',000 authorized issue to be
secured by deposit of any other securities at not exceeding 80 per
cent of their cost or appraised value. V. 79, p. 2086.
The 4 per cent and participating gold bonds were called forpavmsnt
on Feb. l, 1905
In Apr , 1905, liquidation of the Northern Securities Co. was pending.
Oregon RR.
Navigation stock,
viz.,
The securities received in exchange for the Securities stock, which were
to be $24,638,91 » Northern Pacific and $32,070,612 Great Northern
stock, will be substituted as collateral under mort. V. 78. p 1223.
V
'
1275, 1393, 1447, 1497; V. 79, p. 2086.
Financial Office, 120 B'way, N. Y.City.— (V. 80, p. 223, 473, 1175.)
Oregon
6c
Ore., to the
Southeastern
Bohemia Mining
RR.—To
District,
Grove toWildwood, 18 miles, completed
extend from Cottage Grove,
36 miles, of which Cottage
in Oct., 1904; branches,4 miles;
Stock authorized, common, $500,000; preferred 7 percent
cum., $500,000; outstanding, $400,000 of each; par of shares, $100.
Preferred is subject to call. Bonds, see table. Pres., Geo. W. Crosbv
,J
Atlantlo City, N. J.— (V. 75, p. 135.)
total,
22
in.
Orford mountain Ry.— V. 80. p. 712.
« £ ££° £ Syracuse RR.— Owns from Oswego, N.Y., to Syracuse,
w
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 cent per year on $1,320,400 stock and interest on bonds.
N ltt * n 11Je Ry.-Owns from Owensboro, Ky., to
^5.",* b ro
Adairville, S
Ky., 84 miles; \J
Mud River Branch, 4 miles. Operated by
Louisville <fe Nashville Railroad, which owns the $1,156,525 stock (oar
$100) and $1,200,000 of the first mortgage bonds-all these bonds and
most of the stock being pledged under its trust deeds.
&
*
Ozark
6c
.
Cherokee Central Ry.-Owns
Fayetteville, Ark., to
T., 144 miles, including steel bridge over Arkansas River
Stock, $9,000,000, of which $2,880,000 is issued and owned by the
St. Louis
San Francisco, which operates the road as part of its Central division and guarantees bonds, principal and interest
rhe $120 000 unissued bonds are reserved t retire the $100,000 Muskogee Cit'v
Bridge bonds 8ee V. 76, p. 865, 919; V. 78, p. 703. 2335 - (V 76 r.
P
919, 1408; V. 78, p. 703, 2335; V. 79, p. 1705; V. 80, p. 1424.)
Colon to Panama and La Boca, 50 miles, 5-foot
gauge. The U. S. Government owns the entire $7,000,000 can stock
7
7
V
163 '.,} 235 The traffl0 agreement with the
8
V
I.f'°d.
2l p ^
Pacific -J
Mall
Steamship
Co. will terminate July 12.' 1905
74. n
VV -'*>P'
1252; V. 80, p. 872, 14/9.
Dividends. J '88 '89 '90 '91 *92 '93 '94-00 '01 '02 '03 1904.
1905.
Since '87 p.ct. ( 23 9 5 5
2 2 None 2 4 4
6ifl
Feb., 5
Bonds.— The mortgage of 1897 is for $4,000,000; binking fund
Okmulgee,
I.
&
>
"
Panama RR.—
&
-
-
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Cent.
Payable
Whom.
$2,880,000
100,000
5 g.
7,000.000 See text.
2,371,000
4*3 g.
589,000
630,000
298,000
8
541.500
6
301,285,650 6in 1904
19,997,820
6
1,961,000
6
2,757,000
6
22.762,020
6
3,498,000
5 g.
1,500.000
5 g.
2,797,000
4 g.
3isg
4,850,000
7,702,000
4
9,900,000
4iflg.
3ia g.
20,692,500
See text.
3ifl g.
al,000,000
5
1,349,500
6
500,000
4g.
75,000
5
4,000.000
4 g.
4ia
212,000
6,000,000
4 g.
2,728,000
4 g.
3ia g.
2,700,0C0
3ifl g.
1,500.000
3ia g.
3,500,000
uding $257, 500 bond
i*
50
Caohe Jet., Idaho, to Preston, Utah, 43 miles; Ogden, Utah, to
Sandy, 50 miles; sundry branches, etc., 182 miles; Butte to Garrison,
Mont., 57 m., owned, but operated by Northern Pacific; trackage, 11
miles
Outstanding
100
857
857 1873-4
857 1879
857 1879
857 1893
857 1895
text, oonvertlble.GP.o*
&
of
Amount
100
50
c*
8unb. Haz. & Wilk., 1st, Ser.
o&r
2d mortgage, Income
Sun. & Lewis.. 1st M., $600,000, p.& i., g.GuPo*
Westchester, let mortgage, assumed
West. Pa., consol. mort., gold, assumed. .PIP.c*
River Front, 1st mortgage, assumed
Pitts Va &Ch., 1st M., g., guar. p. & i.c*&r..GP
<v
Equip. Tr. gold bonds (s. f. 5 p.c.) not drawn
Penn. Roll. Stock Tr., g ., $300,000 paid ea A&O
Penn. Car Trust, gold, $300,000 paid yearly
Penn. Car Trust, gold, $700,000 paid yearly
x On coupon bonds
Size, or
Road. Bonds Value.
Musk.C'yBr'gelstM.g .int.rent.red.lOS'OTsSto"
-®<b_
Date
[Vol. lxxx.
&
&
&
&
&
A.
M.
J.
J.
F.
Bunds— Prtnoi
pal.When Due.
by Stocks— Last
Dividend.
O. N.Y..N.Y. Seo.&Tr.Co. Oct. 1, 1913
J. St. L. Union Tr., St L. July 1. 1942
N.Y.,24StateSt.
Feb. 1, '05, 5%
O.
do
do
Oot. 1, 1917
do
N.
cfe
do
Nov.
Paterson, N. J.
J.
J.
do
ran.,
do
1910
1,
1905,
Ian, 1905,
&
4%
4%
A. Tre's.off.,Conoord, N.H. •"eb., 1905,3%
M.&K V Philadelphia, Office. Nov. 30, '04, 3
See X Phila. Office & London. July 1 1910
-M .11 Philadelphia, Office.
June 15, 1905
td)
&
I.
Phila. office
.1.
— M.
&
&
&
&
&
&
&
M.
J.
r.
j.
m.
j.
&
M.
&
&
&
&
&
vr.
J.
M.
J.
&
&
&
M.
vl.
M.
q
(,
.
do
do
<&
May
T. Co.
&
Lon
J. N.Y.,Far.L.&T.
J. Phila., Pa.Co. for Ins.&c.
July
July
D. Phila. Pro vid'tL. &T. Co.
June
,
Ph.& Am.Ex.BK.,N.Y
N.
Nov.
D.
N. Phila., Broad St. Stat'n
do
do
N.
J.
— J.8.
.— F.
Oct.
May 1,1928
May 1, 1938
Sr.Y.,Am.Ex.N.Bk.&Ph
July
1936
1919
do
June 1, 1928
Phila., Co.'s Office.
May 1, 1912
New York and Phila. Nov. 1, 1943
Phila., Girard Trust Co. Sept. 1, 1914
do
do
Oct., 1905-08
do
do
Nov., 1905 09
Phila., Girard Trust Co. Feb., 1906-10
S Phila., Broad
D.
do
N.
N.
1905
1905
1919
1919
1943
1, 1945
1921
1,
1, 1913
1, 1912
1,'1915
15,
1,
8ept. 1,
8ept. 1,
1,
Philadelphia, Office.
8.
N. N. Y., Farm's L.
Q-- V.
s
do
June
and London July
do
.If
St. Stat'n,
1,
Sept.,
held a live in sink. fund.
$150,000 yearly; bonds may be drawn for s. f. or as a whole at 105.
V. 65, p. 516. See also description in V. 66, p. 1046; V. 79, p. 904.
The subsidy bonds are secured by an assignment and pledge
made by the U. S. of Colombia (now assumed by the Republic of
Panama) to the trustees of $225,000 annually, of the annual subsidy
or rental to that extent payable to said government by the company,
and are drawn and paid off on November 1 yearly with any surplus of
the subsidy not needed for interest. V. 64, p. 705.
Annual Report.— Report for 1903 in V. 78. p 1387:
Tear
Gross RR.
Net RR.
tfet of
Charges,
Surplus,
to Dec.31. Earnings. Earnings. Steamships.
etc.
Incl. Other Inc.
1904. ...$1,577,337 $850,298
$209,193 $895,852
$710,895
1903
1,267.571 705,331
53.310
833.637
401,068
The charges above in 1904 include Subsidy payment $25,000; interest on bonds, $151,581; redemption of bonds, $321,780. etc.— (V.
79, p. 213, 904, 968, 2148; V. 80, p. 163, 473, 872, 1235, 1479.)
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 6c
Owns from Paterson, N. J., to New
York State Line, 14 miles, double track, part of main line of Erie RR„
to which leased Sept., 1852, during legal existence, at $26,500.
:
&
Ramapo RR.—
Pecos Valley 6c Northeastern Ry.—Road.— Owns from Pecos City, Texas, to Amarillo, Texas, 370 miles. In Dec, 1900, the
Atchison Topeka & Santa reacquired over 97 per cent of the $2,916,000 bonds (50-year gold 5s of 1948) and 97 per cent of the common
and preferred stocks ($3,162,000 each), but the road will be operated
independently for the present. V. 72, p. 88, 137; V. 73, p. 736.
Report.—Year 1902-03: gross, $887,435; net,$351,057: other income,
$6,439; int. and taxes, $162,396; surplus, $195,099 —(V. 73, p. 900.)
Pemigewasset Valley
23 m.
Leased to Conoord
Pennsylvania
&
RR.— Plymouth, N. H., to Lincoln, N. H„
Mont, for 6 p.o.on stock;
op. by Bos. & Me.
R R.— (See Map).—-The system, as shown on the ad-
Joining map, extends from New York City, westerly, via Philadelphia
to Pittsburg, Erie, Cleveland, Toledo, Chicago and Burlington on the
north, and to Washington, Cincinnati, Louisville and St. Louis on the
south. The total system on Jan. 1, 1905, aggregated 10,605 miles, of
which 3,748 miles represent the mileage operated directly under the
caption "the lines east of Pittsburg and Erie" and 2,861 miles the
mileage operated dlreotly under the caption "the lines west of Pittsburg and Erie," the latter being more fully described under the title
Pennsylvania Company and Pittsburg Cincinnati Chicago & St. Louis.
The balance of the system is operated independently.
East of Pittsburg
«fc
Main Line and Branches—
Milei
Erie.
Miles.
Philadelphia to Columbia, Pa
81
Philadelphia, Pa., to New Boston,
210
etc
Harrisburg, Pa., to Pittsburg, Pa. 248
Branches and spurs
556
Total main line and branches... 1,085
Lines operated by lease or contract—
Har. Ports. Mt. Joy & Lan. RR.1
Dillersville to Harrisb., Pa.,etc.
53
United New Jersey RR.!
Trenton to Jersey City, etc
14
Philadelphia* Trenton RR.1
26
Allegheny Vallev Ry.V
202
West. New York & Penn!
549
Connecting Rail way!
37
Lines operated under contractValley
RR.1
94
Bald Eagle
,
"^
Cambria & Clearfield RR.1
Southwest Pennsylvania Ry
387
!....
Pittsburg Va & Charleston Ry...
Belvidere Delaware RR.U
Philadelphia & Long Branch RR.
Delaware River R R. & Bridge! ....
Philadelphia & Erie RR.1
124
103
81
49
10
307
Other lines (includ. D. & R. Canal,
435
66 m., and ferries, 2 m )
Total in Penn. RR. statistics..3.74S
Trackage
8*
.'
Reported separately—
Phil. Baltimore & Washington!...
Northern Central Ry.!
West Jer. & Seashore RR.!
ferries,
2m
8^1
16a
892
88
)
Cumberland Valley RR.1
Long Island!
Bait. Ches.
Grand
&
Atlantic
Ry
&E
5,83
total east of P.
West
of Pittsburg
(! See
& Erie.
Mil**.
—
each Co.)
Reported Directly
Chicago & St.
Pitts. Cin.
703
418
(incl.
Louis!. ..1,631
Pennsylvania Company lines!
Total reported directly
.1,340
£,S61
Reported Separately Grand Rapids & Indiana
lines!....
566
Vandalia RR
... !»7
0*
Other lines (see Pa. Co.statement
Total system Jan. 1, 1905
10,<W6
)
'
H See each company's statement.
Organization, Leases, &c— The charter of the Pennsylvania Railroad was dated April 13, 1846. The Pennsylvania Company controls
all the linos west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock. In 1900-1 the Penn. RR. purohased a large interest in the stock of Baltimore & Ohio RR., Chesapeake & Ohio Ry
and Norfolk & Western Ry. V. 70, p. 76, 231, 687; V. 72, p. 481.
581; V. 76, p. 484.
In 1900 acquired most of the stook and inoome
bonds of the Western N. Y. & Penn. Ry. V. 72, p. 481.
The Baltimore & Ohio, together with the Vanderbilt interests, in
1901-02 came into virtual control of the Reading Co. V. 76, p. 102.
The Western New York & Pennsylvania Ry. and the Allegheny Valley Ry. were taken over under lease in 1900.
In May, 1900,
purchased a majority of the Long Island RR. stook. V. 72 p. 481.
On April 1, 1902, Schuylkill & Juniata was merged. V. 76. p. -184,
The Western Pennsylvania and other roads connecting with the mam
line were merged Apr 1, 1903, and the Pittsburg Va. & Charleston in
1905.
V. 76, p. 486, 594; V. 80, p. 1112.
Securities Owned.—The total cost of these to January 1, 1905, was
$219, c>8 1,1 6 1, many of which are pledged to secure Pennsylvania issnee.
Revenue derived from these securities in 1904, $9,864,533.
Apr., IOOo.J
RAILWAY STOCKS AND BONDS.
1617
RAILWAY STOCKS AND BONDS.
1618
RAILROADS.
Miles Date
Size, or
Amount
Par
of
of
For explanation of column headings, &c, see notes
Road, Bonds Value. Outstanding
on first page of tables.
Pennsylvania RR.—( Concluded)—
Penn. Equipment Trust, g., $200,000 paid yearly
do
do
$400,000 paid yearly.
$400,000 paid yearly..
Penn. Steel Car Trust, g„ $700,000 paid yearly,
do
do
g., $300,000 paid yearly.
Penn. St=el Equip. Trust, g., $500,000 paid y'rly
do Roll'g Stock Tr. tr. $500,000 paid y'rly
do
do
g., $200,000 paid y'rly
do
do
g., $500,000 paid y'rly
r
Del. Ave. Market 1st mortgage
r
Delaware Ave. Bloodgood property
Penn. RR. real estate puroh. money g. M.F.o*<fer
Pennsylvania Company— Bonds, gold, guar ...o*<fcr
Gu. tr. ctfs., $20,000,000, g., gu.Pa. RR., ser. A. .r
do
do
do
ser. B.GP
o*
ser. C
o*
do
do
do
do
do
do
ser. D.,
Gold loan, $1,334,000 dr. y'rly, g., gu. Pa.RR.GP
,
,
.
GP
RK.FPc
Car trusts (Dec, 1904)
"ennsvlvania <£ North Western— See Cambria & Cl EAHFl ELD R Y.
100
47
Peoria <& Bureau VaL— Stk., 8 p. o. rent'l C. R.I.&P
Peoria dt Eastern— tad. Bloom. & W. 1st M.,pf .Ceo&r 202 1879 100 &o.
Ohio Indiana & West. 1st M., pref., g.,int. gu.Ceo* 342 1888 500 &C.
1,000
342 1890
P. & E. consol. M., $10,000,000, int. guar.Ce.e*
Collat. betterm't notes, gold, gu.
by Pa.
c
2d consol. mort., income, non-cumulativeCe
Feoria & Pekin Wiion—lBt mortgage, gold
Ce.c
mortgage,
gold.Ce
c
2d
Pere Marquette—Com stk., 5%rent.,$16,000,000
Preferred. 4 per cent rental, $12,000,000
1890
1881
1885
342
20
20
1905
1904
'84 '85 '86 '87 '88 '89 '90 '91 '92 '93-99 '00 '01 '02 '03 1904
p. 0. ( 7
5
5 5*a 5
5 5% 6 6 5 y'ly. 6 6 6
6
6
In 1893 paid also 2 per cent in scrip.
Bonds.— Consolidated mort. of 1873, see Supplement of October,1901,
Tb e 4. per cent loan of 1881 is secured by Phila. Wilm.
Bait, stock.
For gold 3^8 of 1902 see "General Finances." Mortgages and ground
rents payable Dec. 31, 1904, $6,900,167. V. 77, p. 1875; V. 78, p. 103.
General Finances.—In 1901 the authorized capital stock was increased by $100,000,000 to $251,700,000.
The stockholders voted on March 10, 1903, to authorize an increase in the stock from $251,700,000 to $400,000,000, to be made
from time to time in the discretion of the directors. Of the stock, $20,980,350 was issued April, 1903, in exchange for convertible debentures. (See below.) In 1903 sold $75,094,750 new stock at $60 per
$50 share. V. 76, p. 383, 488, 594, 706, 1193; V. 77, p. 37, 770.
DrV8.
5
&
In 1902 were issued $50,000,000 10-year 3*a% gold bonds, dated
Nov. 1, 1902. of which $29,302,500 were converted in AprU
1903, into stock at $70 per share, and balance are convertible at option of holder Into stock at $70 per share on any subsequent interest
day, on 30 days' notice; they may be called for redemption at 102^ and
interest on any interest day, but if called may be converted on basis
above stated. See V. 74, p. 577.
In March, 1905, stockholders were given the right to subscribe pro
rata at par for $100,000,000 of 3 * p. c. gold bonds, payable 50 p. c
between May 1 and 5, inclusive, or optionally all at one time, and 50
Che bonds will be convertip. c. between Sept. 25 and 30, inclusive.
ble at option of holder at any time after Dec 1, 1905, into stock at
$75 per $50 share, unless previously called for redemption on Dec. 1,
1910, or at any subsequent interest period on 90 days' notice, at par
and interest, but when so called they may be converted up to 30 days
prior to the date named in said notice for redemption. A part of the
proceeds will be used to retire the $27,480,000 6 p. 0. bonds maturing
June and July. 1905; balance for impr'ts. See V. 80, p. 1112, 1236.
In June, 1901, obtained control of the Pennsylvania and Cambria
8teel cos. See "Industrial cos." and V. 72, p. 1280.
In 1904 the company was actively constructing a passenger
eleotrio tunnel railroad from Jersey City under the North River
to a central passenger station at 3*3d St. and 7th Ave., New York City,
and thence under the East River to a connection with the Long Island
RR. in Long Island City. Completion of the work, estimated to cost
about $40,000,000, will take several years. The tunnel will afford entrance into New York City for the Pennsylvania Railroad and
Long Island RR. and permit the sending of through trains by rail direot
from the South and West to all points In New England via the bridge
from Mott Haven to Long Island, which is to be built by the New
York Connecting RR.; see V. 71, p. 913; V. 72, p. 1280; V. 73, p.
1264: V. 74, p. 380, 478, 831. 884, 1308; V. 75, p 1203. 1302, 1355.
New bond issues of subsidiary companies in 1903-5 (see V. 77, p.
1534; V. 78, p. 584, 703, 1110, 1276; V. 79. p. 2457; V. 80, p. 1111,
1
.
1175, 1236, 1364) include;
Phila. Bait.
Lotit: Island
& Wash.
4s.
..
$10,000,000
RR.48. guar... 17,891.000
Pitts. Va. & Charl. 4s, guar. $8,000,000
Pitts. Cln. Chi.
St. Louis.
9,000,000
&
Penn. Co. 4}£ p. c. gu. notes. 50.000.0o0 Vandalia RR
lO.OOO.COO
Penn. Co. 3^'p. c. gu tr.certs. 15,000,000 Washington Terminal Co... 10.000,000
In Jan 1905, President Cassatt was elected a director of the New
York New Haven & Hartford. V. 80, p. 118
In June. 1903, allied Interests purchased $6,924,200 of the $11,000,000 Hocking Valley Ry. common stock; see that Co. V. 77, p. 1225,
Latest Earnings.—Jan. 1 to Feb. 28 (2 months), directly operated:
Lines east of Pitts- ) 1905
Gross, $17,999,598; net, $2,989,696
burg&Erie.
$1904
Gross, 16,819,298; net, 2,455,096
Lines west of P. & E., inc. or dec.. .Gross, +$963,700; net, +440,800
annual Report.—Fiscal year ends Dec. 31. Annual meeting is held
at Philadelphia on second Tuesday in March. The report for 1904 was
given at length In V. 80, p. 994, 1002 ; see also editorial p. 965.
8ARNING8 ON ALL LINES BOTH EAST AND WEST OP PITTSBURG AND ERIE.
Tear ending Dec. 31—
1904.
1903.
1902.
Gross earnings
$238,242,402
66,784,708
Net earnings
$242,517,758
67.138,320
$220,079,320
67,539,511
REPORT OP PENNSYLVANIA RAILROAD COMPANY.
Tear ending Dec.
Miles operated
Gross earnings
Net earnings
31—
1904.
1903.
1902.
3.748
3,724
3,706
$118,145,270 $122,626,419 $112,663,330
$36,342,282 $37,853,363 $37,612,259
Int. on Pa. RR. investments..
9,864,534
9,462,569
8,118,861
Int. on United N. J. securities
261,498
221,482
253,543
Int. for use of equipment.
434,858
421,537
394,700
Miscellaneous
853,374
637,373
272,773
Gross income
$47,756,546 $48,596,324 $46,652,136
Deduct— Rentals
$11,202,965 $12,097,233 $11,605,948
Interest on funded debt
5,274,448
5,570,974
5,095,883
Interest on stock allotment
114,366
100,210
Int. on morts. & gr'd rents..
214,208
197,059
172,319
Car truot payments
4,2 10,571
3,581,049
2,050,480
Interest, general account..
74,168
Equlp.tr ust loan sink. fund.
136,400
136,400
136,400
State taxes and mlscellan.
1,861,958
2,091,506
1,666,974
Total
$23,014,916 $23,774,431 $20,802,172
Q.-M.
Q.-M.
Q.-F.
Q.-F.
M. & S.
M. & S.
M. & N. N.
J.
M.
F.
J.
J.
M.
A.
&
&
& A.
& D.
& D.
& N.
& O.
Dec, 190512
Dec, 1905-13
Aug., 1905-13
May, 1906-13
Moh.
Philadelphia.
Philadelphia.
1,
Sept. 1,
May
1,
1,
July
&
do
do
1905-12
Oot.,
Y., Farmers' L. & Tr.
J. N. Y., Nat'l City Bank.
Phila.
S. N. Y.,Union Tr.
& A.
& O.
Q.-J.
A. & O.
8
F.
4
A.
8,500, 000
l
4
-
July, 1905-12
do
do
do
do
do
do
Sept. 1.
do
do
Feb. 1,
Deo. 1,
Deo. 1,
Philadelphia, Pa.
N. Y. and Philadelphia.
New York.
Nov.
1,
1,
Oot.
1909
1912
1923
1921
1937
1941
1942
1944
1916
1905
Various Phila., Gu. Tr. Co., etc Various dates.
985, 100
500, 000
g
do
do
do
do
do
do
qJ-j!
See text
1,495, 000
6g. Q.-F.
4iag. M. & N.
1,499, 000
16,000, 000 See text, See text
12,000, 000 See text. J. & J.
6,000, 000
4 g. J. & J.
3.500, 000
4 e J. & J.
1,000
1,000
Pennsylvania RR. Co.— Concluded.
Q.-M. Comm'l Trust Co., Phil, Dec, 1905-10
Q.-M.
do
do
June, 1905-11
Q.— M.
do
do
Mch., 1906-12
1,500, 000
4,000 000
1,000
1,000
1,000
100
100
Refund. M., $60,000,000, g.,gu.,p&i.,end.Cec\fcr
Col.tr.M.,g.,gu. (sec. by C.C.& L.stk.)red.txt A Bo*
Bond*- Prlnci
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks—Last
Cent.
Payable
Whom.
Dividend.
3i« g.
$1,200,000
3ia g.
2,800,000
2,800.000
3ifl g.
5,600,000
3>a
2.400.000
3*a
4.000.000
3iflg.
4,500,000
3»a g.
1,800,000
3^ g.
4,000,000
3^ g.
300,000
43,0
200,000
4*io
2,000,000
4 g.
4iag.
19,467,000
3l3g.
4,843,000
9,687,000
5,000,000
3»a g.
3i*g.
10,000,000
Siag.
15,998,000
50,000,000
4!fl g.
4,984,672 Various
1900 $1,000
1901
1,000
1902
1,000
1902
1,000
1902
1,000
1902
1,000
1903
1,000
1,000
1903
1903
1,000
1889
5,000
1892
1,000
1893
1,000
1881
1,000
1897
1,000
1901
1,000
1902
1,000
1904
1,000
1901
1,000
1904 5.000&0
do
do
[Vol. l xt x.
N.Y. ,Ch.R.I. & Pac RR. Feb.l0,*05, 4%
N. Y., J.P. Morgan & Co. Apr. 1, 1940
do
do
Apr. 1, 1938
do
do
Apr. 1, 1940
4 p.c paid Apr. 1, 1904 Apr. 1, 1990
N. Y., Central Trust Co. Feb. 1, 1921
do
do
Feb. 1, 1921
N. Y.R.Winthrop & Bos. Apr.l, 05. 1%
do
do
Feb.15,'05,2%
New York.
Jan. 1, 1955
Am. Lo.&Tr.Co.. Boston July 1. 1914
1904.
1903.
1902.
$24,741,630 $24,821,893 $25,849,964
Payments—To trust fund....
$181,142
$149,424
$129,429
Consol. mortgage redeemed...
401,530
401,810
402,100
9,477,728
6,225,923
Extraordinary expenses
12,505,000
$6,808,595 $10,028,962 $13,036,529
Balance to credit of income.. $17,933,035 $14,792,931 $12,813,435
17,933,035
14.792,931
Dividend8(6%)
12,262,491
To credit of profit and loss
$550,944
Bal.protttandlossDeo.31.... $24,742,225 $24,742,225 $24,861,421
Officers—President, A. J. Cassatt; 1st V. P., John P. Green, 2d
V. P., Charles E. Pugh; 3d V. P., 8. M. Prevost; 4th V. P., 8amuel
Rea; 5th V. P., J. B. Thayer Jr.; 6th V. P. and Treas., Henry Tatnall;
Seoretary.Lewis Neilson. N. Y. office. 85 Cedar Street.
Directors— Alexander M. Fox, N. Parker Shortridge, Rudulph Ellis, Alexander J. Cassatt, Clement A. Grlscom, Amos R. Little, William H. Barnes, Geo.
Wood, C. Stuart Patterson. Effingham B. Morris, Thomas DeWitt Cuyler, Jas.
McCrea, Lincoln Godfrey, John P. Green, Charles K. Pugh, Sutherland M. Prevost, Samuel Rea.-(V. 80, p. 118, 163, 600, 9»4, 100'^, 1112, 1235.)
Pennsylvania Company .—(See Map Pennsylvania BR.) Owns
no road in fee but has oharge of all the system of the Pennsylvania
Railroad Co. west of Pittsburg, viz.: (If See this company).
Controlled by stock, etc.:
Leased by transfer from Pa. RR.:
Miles.
Balance
""
—
Pitts. Cin.
If / Lfft
Pittsb. Ft.
W.
& Chicago.. TT46989
New Castle & Beaver Val..
Massillon & Cleveland
1T14-98
Chic
&
St. L. 111,366-48
fl
& Nor
Grand Rapids &
12-23
Pittsburg
1T84-47
^201-74
Cleveland & Pittsburg
Leased directly by Pa. Co.:
Pitts. Youngs. & Ashta. . . . H125-09
Toledo Wal. Val. & Ohio. . . H 236-04
Ludianap. & Vincen. RR.*TT137-44
Controlled by stock or otherwise:
Cleveland & Marietta
U103-13
15-27
Pitts. Ohio Val. & Cin.
3-51
Marginal RR.,Beav.F..Pa.
21-98
South Chic. & Southern...
51-76
Branches W.N.Y.&Pa.Ry.
Erie
&
Muskingum Val... 148-45
28-15
Waynesburg & Washing..
Cin.
45-71
413-69
40-68
Cln. Leb.
&
Indiana..
Musk., Gr. Rap. &. Ind..
Traverse City RR
2600
Cin. Rich. & Fort Wayne H85-83
St. L. Vand. & Terre H.... fl58-30
93-03
Logansport & Toledo Ry..
Terre Haute &Logansport 159-36
Terre Haute & Ind'lis RR. 123-22
Terre Haute & Peoria RR. 145-12
Cleve. Akron & Columbus. 189-66
9-65
Wheeling Terminal Ry . . . .
2-45
Louisville Bridge
Controlled jointly:
Central Indiana
Total Penn. Co. lines... 1,477*53
*
Operated by P. O. C.
&
St. L.
Ry.
1T117-58
Charters & Yough. 1T19-77
Tol. Peoria & Western
TT230-70
161-97
Trackage
Pitts.
\
Total of
.
all lines
5,043-33
Organization—Chartered In Penn. April 7, 1870. Its $40,000,000
stock is owned by Pennsylvania Railroad. On Dec. 31, 1904, the Penn
sylvania Co. owned sundry stocks and bonds having a value as per
balance sheet of $123,535,472, and yielding from Jan. 1 to Dec. 31,
1904, an income of $7,120,349.
'94
'95 to 1900 '01 '02 '03 '04
4
4
4
none
3
3
5
Bonds.—The gold bonds of 1921 are seoured by leases of P. Fort W.
6 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.
The guaranteed trust certificates, "A," "B" and "C" were Issued by
Girard Trust Co., Philadelphia, as trustee, under a deed of trust made
by the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged an equal amount at par of the
7 p. 0. guaranteed special stock of the Pittsburg Ft. Wayne & Chicago
Railway Co. The total authorized issue of the trust certificates is
$20,000,000, each series to be seoured by deposit of shares of the
special guaranteed stock to an amount equal to the par value of the
series, the sinking fund having retired $470,000 to Oot., 1904. See
V. 65, p. 368. 572, 1116; V. 67, p. 122; V. 72, p. 339. 490.
The $9,800,000 guaranteed 3*2 p. c trust certificates, Series "D,"
Drvs.
p.
o,
J
(
'83
'84 to '91
'92
'93
4
4
sold late in 1904, are part of a $20,000,000 issue to be issued in series
and secured by an equal amount of Pittsburgh Ft. Wayne & Chicago
guaranteed stock. The sinking fund of the new issue, it was stated,
will not begin for 5 years. V. 79, p. 2457.
The $20,000,000 gold 3»* p. 0. trust certs, of 1901 were issued to
pay for acquisition of stocks of the Pennsylvania Cambria Steel companies. They are guaranteed, principal and interest, by Penna. RR.,
and seoured by deposit of $15,000,000 Pitts. Cinoin. Chicago & St.
Louis preferred, $5,000,000 Norfolk <fo Western preferred and $5,000,000 Bait. <fe Ohio preferred stocks, and are subjeot tooall for redemption Nov. 1 annually by lot at par in 15 equal drawings. V.73,p. 843,957.
In 1904 $50,000,000 of 4>a p. c. collateral betterment notes, due Oct.
1, 1905, guaranteed by Pennsylvania RR. and secured by deposit of
stooks owned having a par value of $83,900,000, were sold to provide
funds for improvements and to re-pay advances by the Pennsylvania
Railroad Company, V. 78, p. 584, 703, 1276
Report.—Report for year 1903 was in V. 78, p. 1164. In 1904,
on 1,526 miles, $36,390,582; net, $10,347,220; other income, $7,120,349; interest, rentals, etc., $12,279,639; sink, fund, $1,627,910; dividend (5 p.c), $2,000,000; bal., sur.. $1,560,020. In 1903, gross, $36,602,934; net, $9,486,251; other Income, $5,980,576. In year 1904,
net income, $5,187,930: in 1903, net income, $5,119,641.— (V. 79, p.
1642, 2148, 2457, 2797; V. 80, p. 223, 1112, 1175, 1424.)
Pennsylvania North WestK.— See Cambria Clearfield Ry.
&
&
&
.
RAILWAY STOCKS AND BONDS.
Apr., 1905.
1619
INTEREST OR DIVIDENDS.
RAILROADS.
Botuls— Priiio.-
Miles Date Size, or
paLWhen Due
Amount Rate per When Where Payable, and
of
Par Outstanding
by 8tock8—Last
For explanation of column headings, Ac, see notes of Bonds
Road.
Cent.
Payable
Value.
Whom.
Dividend.
on first page of tables.
Bonds.
Pere MarqneMe-(Con.)-UNDBRLTiNG
Grand Rapids Newaygo A Lake Sh. 1st M. 2d Div.
Ohio. A West Mioh. gen. M. ($12,000 p. m.).NB.o"
D.Gr.R. A W.. 1st oon.(now 1st) M.,law.m.OB.o*
Flint A Pere Marq. M. ($1,000,000 are 4s) gohL.o
o
Consol. mortgage, g.Ce... ......
0*
Pt. H. Div. 1st M. ($3,500,000), g., Ce
...... „o*
Toledo Division, 1st mort., gold,
IB
Ch&N.Ml.l8tM.,gu.p.&i.endbyCb,AW.M.OBo*
Or. Rap. Kal. A B. E., 1st mort., sinking fund.IB
Western Equipment Co., call at par
Eqnipmentbonds, gold, $76,000, due semi-an...
Marquette equip't 1st M., guar.,
call at
s. f..
10
480
380
280
400
235
19
89
33
par
East.equip.l8tM.,g,gu.p Al.,callpar.text..*^t.o*
Pere Marquette consol. M., $50,000,000... F.oAr
Lake Erie A Detroit River Div., 1st M., g Mo. .. 202
Pere Marquette ooll. tr. M., g., call par
"66
Sairinaw Tus. A Huron, 1st M., p. A i. guar.N...
r
28
GrT Rap. Beld. A Sag., 1st M., gold, int st rental.
o* Test.
Pere Marq. of Ind., guar. p. <fe i., call at 105
o*
Marq. AB. D. A N., gu.p.&i.. call 105, s. f
:
Per/ciomen— l8tM.,ser.I(l8tl'n)g.,gu.p.Al.PeP.o* 38 3
IstM., ser. 2 (2dl'n) g., gu. p. A I. (end.) PeP.o* 38-3
Peterborough RR.— Stock (rental 4 per cent)
Petersburg RR.—See Atlantic Coast Link RR.
73
PhU.ABalt.Cent.— lstM.$2,500,000,$l,200,0004ia8
Phila. Baltimore dk Wath.— Stock auth. $25,350,400
f..r
P. W.AB. (old Co.), plain bds."|
All secured
..r
Plain bonds
by
1903
r
bonds
Plain
[
mortgage.
..r
Plain bonds, gold
J
U-r
Plain bonds, gold
l 1*
Potomac 1st M.(tun.) g.,s.i., not dr'n x.o*
Bait.
—
I
.
•{
I
A
not drawn.. .xc*
P.B.AW.M.,(lBtonll7m.)$20,000,000,g.ITIoo*Ar
1st M., road, guar., gold,
s. fa.,
92
210
1875 $500Ao.
1881
1,000
1897 500&o.
1880
1,000
1889
1,000
1889
1,000
1897
1,000
1891
1,000
1897
1.000
1,000
1,000
1,000
1,000
1904
1900
1903
1901 lOOO&o.
1902
1,000
1903
1900
1,000
1899
1,000
1903
1,000
1903
1,000
1888 100 Ac
1888
1,000
100
1881
1,000
50
1880
1,000
1887
1,000
1887
1,000
1891
1,000
1892
1,000
1871
1,000
1871
1.000
1904 lOOOAo.
Bureau Valley BB.—Peoria to Bureau June, 111.,
Peoria
47 miles. Leased In 1854 to Chicago Rook Island A Pacific RR. for
$125,000 yearly; dividends, usually 8 p o. yearly, occasionally more.
Peoria A Eastern Ry.—(See Map Olev. Cin. Ohie. <t St. Louis.)—
Owns from Pekln, 111., to Indianapolis, Did., 202 miles, and has a lien
of $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage, Pekln to Peoria, 9; total operated. 352 miles
Lease, Etc.— Formerly Ohio Didiana A Western, sold In foreclosure
Leased till Apr. 1, 1940, to
in 1890, reorganized per V. 49, p. 616.
Cleveland Cincinnati Ch. A St. L., which guarantees interest, but
first
oonsols
the
underlying
bonds, and owns
and
not principal, of the
one-half the $10,000,000 stock, par $100. See Supplement of Jan.,
1894. as to provisions respecting any surplus over charges. Company
owns $125,000 stock of the Peo. A Pekln Union Ry., on which 6 p. o
yearly was paid 1895-1904. V. 74, p. 152.
Bonds.—See abstracts of mortgages of 1890 In V. 51, p. 246 and
of O. Ind. A Western mortgage, V. 47, p. 201.
Incomes.—Dividend on Incomes 4 p. o. yearly, paid April 1, 1902, to
1904, both Inclusive, from earnings of preceding oalendar year.
Gross, $463,527; net, $150,248
Eakntngs.— 2 months, > 1905
Gross, 462,306; net.
51904
96,260
Jan. 1 to Feb. 28.
Sur. over 2 mos. charges, $61,099 in 1905, agst. $7,068 In 1904.
For 6 mos. ending Dec. 31, 1904, gross, $1,627,522, against $1,546.016 in 1903 net, $426,899, against $366,239 charges (not Including
incomes), $267,481; bal., sur., $159,418.
Annual Report.—For 1903-04 see lessee's report in V. 79, p. 899,
* Interest.
Tear end. June 30. Cross.
Net.
Balance.
1903-4
$590,908
$561,260
$3,069,693
$26,648
1902-3
2,947,237
641,367
564,260
77,107
'Includes Sieo.OOO (4 p. o.) int. on inoomes.
-(V. 77, p. 296, 824; V. 79, p. 899; V. 80, p. 1363.)
Peoria A Pekln Terminal By.—See Street Railway Supp't.
Peoria & Pekln Union By.—Owns Pekin to Peoria, on both
sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 18-14; second main traok, 880; total main traok, 2694 miles
Mileage of side and yard tracks, 53*71. Capital stock, $1,000,000.
Owned by Peoria ft Eastern (Cleveland Cin. Chio. A St. Louis system)
Chloago A Northwestern, Chic. Peoria A St. Louis, Illinois Central
system, Lake Erie A Western and Toledo Peoria A Western companies.
Dividends 1895-1902, 6 p. o. per annum; 1903, 4 p. o. Earnings for
year 1902-03, gross, $833,459; net over taxes, $225,172; charges,
$171,322; dividends, $40,000; balance, sur., $13,850.— (V. 74, p. 152.)
Pere Marquette BB.— (.See Maps Great Central Route, pages
1554, 1855.)—System inoludes
A
;
;
Lines owned in fee.
Miles,
Alexis (near Toledo) to Ludington on Lake Michigan.
365
La
Crosse, Ind. to
Bay View,
466
167
Mioh.
Detroit to G'nd Rapids, Mich.
Saginaw & Port Huron
Miles
Other lines, branches, eto
Porter to Clark Jet., Ind
Trackage
Trackage Courtristht Jet. to
International Bridge and
121
Niagara, N. Y.....
Pt. Huron to Grindstone City. 125
Leased (G. R. Kal. A S. E.)Grand Ledge to Blc Rapids. 167
RapidCityto 8tratford....
Allegan to Pentwater
133 London A Port Stanley
Walkerv., Ont., to St. Thomas
Sarnla, opposite Port Huron,
297
21
71
200
40
24
125
Total
2,396
Rondeau
74
The Pere Marquette Steamship Co. operates oar ferries Milwaukee
to Muskegon, and Ludington and Manistee to Milwaukee, etc; Marqu.
ft Bes. Dock ANav.;
also on Lake Erie, between Rondeau and Con-
7
$19,000
5
5,758,000
4
5,379,000
5,000,000 4 g.A6 g
5 g
2,850,000
5 g.
3,500,000
5 g.
400,000
5
1,667,000
142,000
5 g.
6
67,000
4l2g.
1,444,000
5
590,000
5g.
2,985,000
4g.
8,382,000
4ia g.
3,000,000
2,870,000 3to4g
4g.
1,000,000
5 «•
260,000
4 g675,000
396,000
4>s g.
5 g.
799,600
5 g1,125,000
4
385,000
2,200,000 4ia A 5
23,489,150 4 in 1904
5
1,000,000
4
1,000,000
4
1,000,000
930,000
4g.
1,000,000
4g.
1,500,000
3,000,000
6g.
4 g.
10,570,000
2*
,r.
ft
.i.
A
A
A.
A.
M
A.
J.
M.
ft
ft
ft
ft
ft
A
A.
A.
A.
A.
ft
ft
ft
&
A
M.
J
A
A
F.
D. N. Y., Un. Tr. A Boston.
D. N.Y..Un. Tr., A Boston.
O. 2d Nat. Bank, Boston.
(). N. Y., R. Winthrop & Co.
do
do
N.
0.
June
1905
1921
1946
Oct.
1920
May
1939
Apr.
1939
July
1937
May
1931
Oct.
1907
Apr.
1909
Oo.'05-Ocf 14
Oct. 1, 1910
Mar. 2, 1908
Jan. 1, 1951
Aug. 1, 1932
Jan. 1, 1923
Aug. 1, 1931
Mch. 1, 1924
May 1, 1943
Apr. 1, 1933
Jan. 1, 1918
Jan. 1, 1918
Deo.
Apr.
do
do
J. Intern'l Tr.Co., Boston.
N. Bos., Nat. Webster Bk.
O. Int'l Trust Co., Boston.
50 State
0.
<).
St.,
Boston.
N. Y., R. Winthrop
A Co.
50 State St., Boston.
S. N. Y., R. Winthrop AOo.
J.
do
do
A. N. Y., Morion Trust Co
().
1,
1,
1,
1,
1,
1,
1,
1,
1,
1.
L.-Union Trust Co.
Sec A Tr. Co.
M.
8. Int'l Trust Co.. Boston.
M.
N. N. Y., East'n Trust Co.
O N. Y., East'n Trust Co.
A.
Q.-J. Phila. Reading Ter.Bld.
do
Q.-J.
do
A. ft O.
Nashua, N. H.
Apr., 1905,2%
r.
J. St.
F.
ft
ft
ft
ft
A. N. Y.,
Penn. RR. Co.
Nov. 1, 1911
Broad St. Stat'n. Deo.31,'04,2%
Phil.Of.;Bost.,Kid.Peab June 1, 1910
do
do
Apr. 1, 1917
Phila., Broad St. Stat'n Nov. 1, 1922
do
do
Jan. 1, 1926
do
do
Oct. 1, 1932
Bait. Office and London. July 1, 1911
do
do
Apr. 1, 1911
N.Y.Am.Ex.N.Bk.APh. Nov. 1, 1943
M.
ft
N.
J.
J,
ft
J. Phila.,
A.
J.
A
A
A
A.
ft
ft
M.
J.
ft
A.
A
A
M.
D.
O.
N.
J.
o.
.1.
0.
N.
Phila..
of trackage to Chicago; the Chicago Terminal Transfer facilities
used. V. 76, p. 383, 594, 752; V. 77, p. 948, 1534, 2098.
STOCK.— Authorized $16,000,000 oommon and $12,000,000 4
are
p. o.
outstanding oommon $14,145,500, preferred as in table.
Dividend.— On pref., 1901 to Feb., 1905, both lnol., 4 p. c. yearly
(F.AA.) On common, 1903, 2 p. c; 1904, Mar., 1 p. c; 1905, Apr.,
1 p. o. Dividends payable under lease, J. A J.
Bonds—The refunding 4s of 1905 ($60,000,000 authorized issue) are
issued and reserved as follows (V. 80, p. 163):
Sold, belig guaranteed, p. Ai., by Cin. Ham. A Dayton
$6,000,000
Reserved to retire ($ for $) prior liens at maturity (no further bonds to be issued under the prior mortgages and
none of the prior lien bonds to extended at maturity)
46,394,000
Remainder to be issued for certain terminals, extensions,
dooks, equipment, etc., specified; in the mortgage, but
for other improvements only at a rate not exceeding
$500,000 per annum
7,606,000
The collateral trust gold bonds of 1902 (limited to $2,870,000) are
secured by the entire capital stook ($1,400,000) of the Lake Erie A
Detroit River Ry., the National Trust Co.. Limited, of Toronto, being
trustee, and are subjeot to call on any interest day on 60 days' notice.
They bear interest at 3 per cent to Dec 1, 1905, and thereafter 4 per
oent to maturity. V. 75, p. 1302; V. 76, p. 213.
The collat. trust guaranteed 4a, due 1914 ($4,000,000 authorized
issue) are seoured by the entire ($4,206,000) Chicago Cincinnati A
Louisville stock, $500,000 being reserved for improvements and
euuipment to the C.C. A L.; they are subject to call on or before July
1, 1909, at 105, and thereafter at 1021*. V. 79, p. 2696; V. 80, p. 163.
Lake Erie ADetroit River Division mort., V. 76. p. 1356; V. 77; p. 89.
The Pere Marquette RR, of Indiana 1st 4s of 1903 (authorized issue,
$3,000,000, Eastern Trust Co. of N. Y., trustee,) will cover the road to
be built from New Buffalo, Mich., to Hammond, near Chicago, 46
miles, and be issuable at $25,000 per mile for single and $10,000 additional for double track, $500,000 being reserved for Chicago terminals. The first issue ($575,000) will be for 23 miles from New Buffalo
to Porter, Ind. V. 76, p. 919, 1193. See form of guaranty, p. 1356.
The Marquette & Bessemer Dock A Navigation bonds (Eastern Trust
Co. of N. Y., trustee,) are guaranteed jointly, principal and Interest,
by the Pere Marquette and Bessemer A Lake Erie. They are subject
to call in whole or part at 105, and 1 p. c must be called yearly for
the sinking tund at the same price, if not purchasable at a lower
figure. V 76, p. 480, 594, 706, 922, 1034. Form of guaranty, p. 1358.
The Buffalo A Niagara RR. A Term. Co. mortgage. V. 76, p. 1031.
The Eastern Equipment 5s of 1903 are in two series— A for $1,500,000 and B for $2,000,000 the entire issue may be called on 6 months'
notice and $75,000 of the As and $100,000 of the Bs are redeemable
Mar. 1 yearly. V. 76, p. 866. Form of guaranty V. 77, p. 90. In Oot.,
1904, $1,520,000 equipment 4^8 were sold. V. 79, p. 1642.
There are also $54,000 series B equipment bonds maturing Oet. 1,
1908, and $112,000 Lake Erie A Detroit River Equipment 5s of 1904.
Report.— Report for 1903 at length was ln V. 78, p. 1904, 1911.
Tear ending Dec. 31—
1903.
1902.
1901.
Gross earnings
$10,387,560 $9,955,375 $9,201,175
Operating expenses and taxes
7,168,501
7,510,534
7,110,212
non-cum.
pref.;
;
Netearnings
$3,219,059 $2,444,841
86,100
Add net land receipts
$2,090,963
50,519
to
neaut.
V. 76, p. 383; V. 78, p. 103.
Lease, Etc. -In 1904 the Cincinnati Hamilton A Dayton acquired
$12,854,500 of the $16,000,000 Pere Marquette common stook, affording control of the Pere Marquette. The C. H. ft D. leases the Pere
Marquette RR. for 999 years from |Mar. 1, 1905, the common stook
being guaranteed 5 p. c and the preferred stook 4 p. o. dividends.
V. 80,
p.
163, 998.
The Pere Marquette acquired the entire stook of the Chloago CinA Lou sviileby the issue of $3,500,000 collateral trust bonds,
cinnati
guaranteed by the C. H. A D.
Perpetual trafflo rights and use of terminal facilities over the
tracks of the Toledo Railway A Terminal Co. have
also been secured, providing a physioal connection between the
Cin. Ham. ft Daye
Mar
u
ette,
the
two
latter guaranteeing the $3,5<»o,q
?™
r^n^i t? &
Te™' l"? Per oent bondB, jointly and severally, principal and interest. V. 78, p. 2443,2600;
V. 79, p 213,968.
( B
a A 10 t A consolidation In 1899 of Chloago A West Miohi?, £^
£ J I 7;
Rapids A Western RR. and Flint A Pere Mar
S^ t r/iJ« etrolt11 Gri*?d
ln
68 P- 1024 H8l. An agreement for trackXMichigan
Cent
and Canada South, from Courtright Jno.
« a B
?J?
'Wge
and Niagara, 200 miles, extends the line
£.£j£?E?2
» 0, fro, Jul
to
18 > 1904 V. 77, p. 2097; V. 78, p 2600.
Tn
,^wL i onf^ e a Jt0 op y ate
under an agreement, with right to
«
n ,: «h^' i, ?
-ir
?
e M l8t,(l u Marquette A North.;
<L
Manistique to Shingle.?!'
F™ in ™ni wltn
branoh to MfcNell's, 13 miles. V. 78, p. 2012.
-fti
T^.^M^quetteRR. of Indiana Hue from New BiflTalo to Porter, 31 miles, has been operated since
Deo. 1, 1903; whence 18 miles
SL L
™
,
<
?
^^fxn
t^L
'
-
l
F
p^m'
-
Total net Income
$3,305,159
1,700,484
(41 420.238
(2)283,304
515,533
Deduot—Interest
Dividend on pref. stook
Div.on com. stock
Equip, bonds paid, diso't, eto
$2,444,841 $2,141,482
1,451,705
1,356,389
(4) 420,416 (4) 420,446
359.244
152,500
Balance, surplus
$213,476
$212,147
$385,600
For system, the earnings, inolud'g lines in Canada (223 miles), were:
Int. charges.
Tear
Cross.
Net.
Taxes.
BaL, sur.
1903.... $11,356,435 $3,871,092 $403,930 $1,850,484 $1,616,678
1902.... 10,590,415
397,070
985,913
2,979,021
1,596,038
Officers.— Chairman, George H. Norman; Prest., Russell Harding,
Cincinnati; Vice-Prest., Mark T. Cox, N.Y.; Gen. Mgr., William Cotter;
Sec. and Treas., I. L. Carroll, 15 Wall St., N.JY. Direotors. Mar., 1905,
V. 80, p. 1059.— (V. 79, p. 2797 V. 80, p. 163, 223, 601, 998, 1059.)
PerKlomen
Owns from Perkiomen Junotion, Pa., to Emaus
Junction, Pa., 38-3 miles.
Stook, $1,500,000 (par value of shares,
$50); owned by the Reading Co. and mostly deposited under its Jersey Central collateral 4 per oent mortgage of 1901. V. 72, p. 283. Reorganized ln 1887. In year 1903-04, gross, $492,832; net, $260,114;
interest and taxes, $110,730; bal., sur., $149,384.— (V. 72, p. 283.)
Peterborough
Wilton to Greenfield, N. H., 10*3 miles.
Leased April 1, 1893, to Boston A Lowell for 93 years at 4 p. 0. on
stook and expenses. Capital stook $385,000; par, $100 div., A. O.
West rnua. to
Philadelphia
Baltimore Central
Ootoraro Jc.Md., 63 miles; Wawato West Chester, Pa.. 9 m. (double
track, 11 m.); branch, 2 m.; leased. Chester Creek RR., 7 m.; Phila.
Baltimore A Washington holds $2,497,150 of the $2,499,189 stook:
For 1904 gross earnings, $1,073,035; net, inoL other income, $167,084,
charges, $173,384; bal., def., $6,320
;
BB.—
BB.—
;
A
BB.—
RAILWAY STOCKS AND BONDS.
1620
[Vol. lxxx.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
of
of
Par
column
headings,
Rate per When Where Payable, and by
For explanation of
&e. see notes
Road. Bonds Value. Outstanding Cent.
on first page of tables.
Payable
Whom,
,
PhUa.& Che*. V.- lstM., pf.,old 5s, red.'96,g.PePo*
1st m., old 4s, not pf., int. reduo' in '96, g.PePo*
Phila. A Erie—Common stook ($10,000,000 author.)
Special sto ok, 7 percent
Gen. If. (now 1st) gold, guar. p. & 1. by Pa. RR..0
r
do
do
($5,263,000 are 5s)
Phila. <* Frank ford— 1st M., $500,000, gu.GuP.C
Phila. Germ. <£ Norrist'n—Stook rental., P. & R. Ry.
Phila. Barrisburgd Pittsburg— lstmort., gold.o*«fcr
PhU.NewVndtN.Y.— 1st M..gold (see text)
o*
1888
1888
307
307
307
307
"so
47
22
1869
1869
1892
1,000
1,000
1,000
1890
1892
1,000
1,000
50
A Beading By.—SEE READING O OMPA NY.
Philadelphia
Phila. <t Trenton—Stock 10 p. o. rental, Penn RR..
Piedmont <£ Cumberland Stook, 5 per cent rental.
—
o*
1st mortgage, gold, interest rental.IWe
Pine Creek 1st M., guar. prin. and Interest (end.)r
i
o
Pigua d Troy— 1st M., $250,000, g., gu. p.
Pittsburg Bessemer dt L. E.— Com., 3 p. o. rental...
Pref. stock, 6 per oent oum., guar, by rental..-.
Lake Erie, 1st mort., gold.Ce..o*
Pitteb. Shen.
Consol. lstmort, for $4,800,000, gold.Ce...o*
Pitts. B. & L.E., consol. M., $10,000,000, g.Cs.C*
Debentures, gold, $2,000,000. See text.UPl.
Bessemer eq. trust, $75,000, g., ea. July l.UPI
Conneaut equip, trust, part due yearly, g.FPi.
Shenango equip, trust, part due yearly, g.UPl.
Greenville equip, trust, $100,000 due y'ly, g. UP1
—
&
&
$500
500
50
50
100
50
27
"29
75
8
1886
1885
1900
1,000
1,000
1,000
50
50
134
151
193
193
Butler equipment trust, $2,050,000. CPI
dt Tough'y—Stock, $1,000,000..
19
Gen.M. $l,000,000,gv gu.p.&i.(end.)FPi See text
PittsVg
Httsb'g Cincinnati Chic. dt St. Louis—Com •took. 1,095
1890
1893
1897
1899
1897
1898
1899
1900
1901
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1892
1,000
50
P\ttsburg Chartiers
Preferred stook
Union & Logansp'tl8tM.(U'nCityto Logans.). .o
Chic St. L. & Pitts oon.M. ($22,000,000)g.Un.cfer
Philadelphia Baltimore
Ac
100
100
1.095
93
580
1865
1883
1.000
1,000
Washington RR.— (See Map
Penn. RR.)—Operates from Philadelphia to Washington. D. O, and from
Wilmington, DeL, to Delmar, Del., with brandies as follows:
Lines controlled, leased, etc.—
Miles.
Lines owned
Philadelphia & Bait. Central^. 80
Philadelphia to Waah.,D.O.,via
249
Baltimore (all double track). 136 Delaware RR.ff
98
49 Delaware Md. & Va. fl
Bowie to Pope's Creek, Md
65
Branches to Delaware City, etc 27 Other lines (5)
—
704
Total <1T see this company)
Organization.— A consolidation Nov. 1, 1902, of the Philadelphia
Wilmington & Baltimore RR. and Baltimore A Potomac RR. V. 75,
p. 396, 1032. 8ee Washington Terminal Co. on another page.
Stock.— Stock authorized, $25,350,450; outstanding Jan. 1,1905,
$23,489,150, of which $23,486,350 owned by Penn. RR.; of the stock,
$3,000,000 was exchanged in 1903 for Bait & Pot. console, and $5,425 is reserved for the stocks of the old companies not yet exchanged;
par of shares, $50.
Since,
Dividends. 5 '88 '89 '90 '91 '92 '93 '94 '95 '96 to '02.
see below.
7
6
6
7 7*3 7 6ifl
(P. W.&B.)< 7% 7
Da 1902, Jan., 4 p. c; July 3 p. 0. First dlv. (semi-annual) since
consolidation, 2 p. c, paid Deo. 31, 1902; since, 4 p. c yearly (J&D).
Bonds.—The first mortgage of 1903 ($20,000,000 authorized) Is a
first lien on the Philadelphia-Baltimore division, 117 miles, all doubletracked, and also secures pari passu the $4,930,000 debentures of the
former P. W. & B. (see p. 4 of Supp. of April, 1895). and is a second
lien on the line from Baltimore to Washington. Of the bonds $10,670,000 were sold, the proceeds to be used chiefly in connection with
the new terminals and approaches in Washington, the balance being
reserved to retire the debentures and Baltimore & Potomac bonds.
V. 78, p. 49. Mortgages, etc, 1904, $200,973.
Gross, $2,036,556; net, $247,196
Earnings— 2 mos. >1905
Gross, 1,901.456; net, 184,196
Jan. 1 to Feb. 28. S 1904
Report.— Statement for 14 mos. ending Dec 31, 1904, was in V. 80,
gross, $13,603,863; net, $3,613,892; other inp. 1475. showing,
come, $605,826; Int. taxes, rentals, etc., $2,099,639; divs. (4 p. 0.)
$939,566; bal., sur., $1,180,513, all applied to extraordinary expenditures.-^. 80, p. 1112, 1475.)
Philadelphia Ac Chester Valley RR.—Road from Bridgeport
to Downington, Pa., 23*9 miles. Chartered in 1888. Capital stock (par
$50) is, common, $550,000 preferred. $205,100; total, $755,100, of
which Reading Company owns $454,450 common and $205,100 preferred, of which $450,000 common and $205,100 preferred are deposThe Reading Company
ited under its general mortgage of 1897.
guarantees the bonds, with interest reduced. See V. 63, p. 1064.
Philadelphia Ac Erie RR.— (See Map Penn. RR.)— Owns Sunbury
to Erie, Pa., 288 miles; branches, 19 m.; double track, 157 miles
Organization, Lease, &c— Formerly Sunbury & Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net reoeipts paid as
rental. Pennsylvania RR. owned Deo. 31, 1904, $3,499,800 common
and $2,400,000 speoial stook and $3,944,000 general mortgage bonds.
Dividends, %.— *92 '93 '94 '95'96 '97 '98 '99 '00 *01 '02 '03 '04
7
7
Speoial stock..
None
Common stock 2
2 None
Earnings.— 2 months, )1905
Gross, $937,011; net, $10,209
Jan. 1 to Feb. 28.
Gross, 947,866; net,
94,975
S1904
Annual Report.—Report for 1904 was given in V. 80, p. 1476
1904.
Tear end. Dec. 31—
1903.
1902.
1901.
Gross earnings
$7,678,306 $7,781,186 $6,423,192 $6,789,689
Income
Total net
2,458,018 2,459,237 2,110,335 2,725,740
Interest on debt
1,019,150 1,019,150 1,019,150 1,019,150
Div. on special stook
168,000
168,000
168,000
168,000
Div. on com. stock . . (4%) 319,400 (4)319,400 (4) 319,400 (2) 159,700
Interest on equipm't,&c.
798,044
790,447
588,018 1,202,722
;
24477777
00002444
1
.
.
sr.$153,424 sr$l 62,240 sr.$15,766sr.$176,168
703, 816; V. 79, p. 2086, 2206; V. 80, p. 712, 14T6.)
Philadelphia Ac Frankford
Owns from CresoentvJlle to
Frankford, Pa., 26 miles. The $900,000 stock is owned by Reading
which
of
is
$498,950
deposited
Company
under its mortgage of 1897.
In 1898 Interest on bonds reduced from 5 to 4 per cent, principal and
Interest being guaranteed by Reading Co.— (V. 67, p. 1358, 1357.)
Balance
-(V. 78,
p.
RR.—
Phila. Germ,
Philadelphia
Ac
Chestnut Hill
Germantown
RR.—See Connecting Ry.
RR.—
Ac Norrlstown
Phila..
Pa., to Norrfstown and Germantown, Pa., 20*66 miles; second track,
2-59
miles;
track,
total
3d
miles;
track,
99
20
m.; leases Plymouth
RB., 9 miles. Leased Nov. 10, 1870, to Phila. & Reading for 999 years;
rental, $277,623, Including $8 ,000 yearly for organization expenses.
Philadelphia Harrisbnrg
Ac
Pittsburg
RR.— Harrisburg,
Pa.,to8hippensburg, on the Western Maryland RR.. 47 m.; 2d track,
3*38 m.; sidings and laterals 17-47 miles. Leased Ootober 15, 1890,
for 999 years at 5 p. 0. on stock, interest on bonds, taxes and
expenses to the Philadelphia & Reading R R., 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.
$280,510
100,000
3 g.
7,985,000 4 in 1904
2,400,000 7 in 1904
8,680,000
6
11,143,000 4g.&5g,
:5g.
500,000
4g.
2,246,900
12
&
&
A.
A.
Apr.
Apr.
Philadelphia.
O.
O.
do
Semi- an Phila., Broad
do
St. Stat'n.
St. Stat'n.
Yearly. Phila., Broad
and London.
& J.
do
A. & O. Phila.. Broad St. Stat'n.
F. & A. Phila. Comp'y's office.
Q.-M, Phila. „Mar.«teMer. Bldg
J.
2,000,000
5g. A&015 Phila., Comp'y's office.
1,417,000 Bee text. A. & O.
do
do
See text.
10
Q.-J.
650,000
P. & A.
5
650,000
P.
& A.
5g.
3,500,000
6
J. & D.
225,000
4g. M. & N.
10,000,000
A. & O.
3
2,000,000
6
J. & D.
3.000,000
5g. A. & O.
657,000
6g. J. & J.
6,343,000
5 g. J. & J.
2,000,000
5 g. J. & D.
150.000
6
J. & J.
180,000
M. & S.
6
581,000
5g. A. & O.
1,000,000
5g- M. & N.
2,050,000
A. & O.
700,000 4 Jan.'OO
316,000
4g. A. & O.
24,780,350 3 in 1904 P. & A.
27,454,000 4 in 1904 J. & J.
623,000
A. & O.
7
1,506,000
5 (?. A. & O.
Philadelphia
Newtown
BoiuLs— Principal, When Due.
Stocks— Last
Dividend.
1,
1.
1938
1938
Deo.30/04,2%
Deo.31,'04,7%
July 1, 1920
July 1, 1920
Aug. 1, 1928
Mar. 1. "05, 3%
Oot 15, 1925
Oct. 1, 1942
Phila. Company's Office Apr., '05, 219%
Check from Co.'s office Feb. 1, '05, 24
,
Baltiin.,Hambleton&Co Aug. 1, 1911
N. Y. Gd. Cent. Station. Deo. 1, 1932
Dn. Sav. Bk. & Tr.,Cln. Nov. 1, 1939
Cheok from Co.'s offloe. Apr. 1, '05, 14
do
do
Dec. 1, '04, 3%
N. Y. Central Trust Co. Oct. 1, 1940
do
do
July 1, 1943
N. Y., U. S. Trust Co.
Jan. 1, 1947
Un. Trust Co., Pittsb'g. June 1, 1919
do
do
J'ly 1, 1905-06
Fid. Tit. & Tr., Pittsb'g. Men. 1, 1906-8
Union Tr. Co., Pittsb'g. Apr. 1, '06'13
do
do
May 1, 'll-'20
do
do
Apr. 1, 1921
Pittsburg, Offloe.
Jan. 15/00, 4%
do
do
Apr. 1, 1932
N. Y., Farm. L. <fe T. Co. Feb.15,'05,11*
N.Y., Farmers' L'n&Tr. Jan.16,'05,2%
N. Y., Union Trust Co.
Dec, 1905
do
do
Oot. 1, 1932
Ac
New York RR.— Philadelphia to
Newtown, Pa., 22 miles; sidings and laterals, 3*42 miles. Stockcommon, $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 reduoed to 3 per
cent, from April 1, 1897, and made a first charge, that on remainder
of issue being left at 5 per cent subjeot to said agreement. V. 68, p.
773. Current liabilities June 30, 1904, $295,373. Year ending Jane
30, 1904, gross, $137,713; net, $5,198; charges, $17,791.
Philadelphia
Philadelphia
Reading RR.— See Reading Coup ant.
& Trenton RR.—Phila. (Kensington), Pa.,
Ac
to
Morrisville, Pa., 24 miles, mostly four-tracked, and branch 3 miles. On
June 30, 1871, leased, with the United Cos. of N. J., for 999 years to the
Penn. RR. at 10 p. 0. on $494,100 stook, the total issue being $1,259,100, the balance being owned by the United RR. of N. J.
Phillips Ac Rangely RR.— (V. 80, p. 652.)
Piedmont At Cumberland Ry.—Road from W.V. C. Junction, W
Va., to Cumberland, Md., 29 m. Under the new lease of '99 the W. Va.
Go. As Pitts. Ry. reoelves all revenues and pays all expenses, 5 p. 0. int. on
bonds and 5 p. c. F.&A. on stook, of whloh It owns 92 per cent. V.
69, p. 590, 592; V. 73, p. 785. Previous dividends: 1894, 5 p. c; 1885.
6; 1896, 6; 1897, 8; 1898, 4; 1899, 4.— (V. 69, p. 492; V. 73, p. 785.)
Pine Creek Ry.— Owns Stokesdale Junction, on the Fall Brook
Road, to Newberry Junction, Pa., 75 miles. Organization.— N. Y.
Central controls the capital stook and leases the road for 999 years,
from May 1, 1899, for $35,000 yearly, payable quarterly, Q.-F., bond
Interest and taxes.— V. 68, p. 379, 573, 773, 872. The 1st mortgage is
guaranteed by the Reading and the New York Central, Jointly and
severally. See form of guaranty, V. 56, p. 650. Stook, $1,000,000
(par, $50); July 1, 1904, N. Y. Central owned $999,000.— (V. 68, p. 573.)
Pittsburg
Beuemer
Ac
Lake Erie RR.—Owns
line
com-
pleted in August, 1897, from Bessemer, near Pittsburg, Pa., to
Conneaut Harbor on Lake Erie, and Wallace Junction, Pa.. 153
miles; terminal In Erie, etc., Pa., 2 miles; branches, 21 miles; leases
Meadville Conneaut Lake & Lineeville RR., Linesville to Meadville, 21
miles; trackage to Cascade, near Erie, etc, 1 2 miles; total, 209 miles.
Of the road, 32 miles is double-tracked.
Organization, Etc.—A consolidation Jan. 14, 1897, of the Pittsburg
Lake Erie and the Butler & Pittsburg. Carries iron ore
Shenango
south and ooal north. See V. 63, p. 1159; V. 65, p. 152. Boat lines to
Canada, see V. 77, p. 1228; V. 76, p. 1358, 922; V. 61, p. 241, 795.
Of the stock $5,500,500 00m. and $500,100 pref. are owned by the
Oarnegie Co. and deposited under its collateral mortgage. Leased
for 999 years from Apr. 1, 1901, to the new Bessemer & Lake Erie
RR., a subsidiary organization of the Carnegie Co. for 6 per oent on
pref. and 3 p. 0. on common stook, Interest on bonds and organization
expenses, etc, the lease being guaranteed by the Carnegie Co. V.
72, p. 137. Through Carnegie Co. Is controlled by U. 8. Steel Corpo'n.
Bonds.—Debentures of 1899 may be called after June 1, 1909, upon
company paying ^ per cent for eaoh year of unexpired term.
The P. B. & L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y.), covering all the railroad, property, rights and
franchises of the consolidated oompany, including the agreement with
the Oarnegie Steel Co., Limited, and the UnionRR. Co. Of the 5s of
1897 $4,800,000 reserved to retire Pittsb. Shenango ALake Erie bonds.
Earnings.— Report of lessee for calendar year 1902 was in V. 76 •
p. 749. In 1904 Bessemer & Lake Erie gross, $4,277,146, against $4,*
122,726 In 1903; net, $2,132,532, against $1,798,331.— (V. 75, p. 1203.)
&
Ac Youghiogheny Ry.—Owns from CharBeeohmont, 19 m. trackage (Chartiers Ry.), 2 m.; 21 miles In
all.
Stock outstanding, $700,000,owned jointly by guarantors mentioned below. Dividends— In 1896, 4 p. c; 1896. 11 p. c; 1897, none;
1898, 7 p. c; 1899, 1 p. c; 1900, 4 p. c; none sinoe. Of the 4s naif
are guaranteed (endorsed) by Pitts. Cin. Chic & St. Louis, the other
half by the Pittsburg & Lake Erie. See guaranty, V. 56, p. 650. The
$303,000 first 6s were paid at maturity on Feb. 1, 1902, in cash borborrowed at 4 per oent per annum. For 6 mos. ending June 30, 1904,
fross, $98,718, against $183,342 in 1903; net, $26,392, against
90,261. In year ending Dec. 31, 1903, gross, $348,259; net, $109,494;
int., etc, $37,510; improvements, $157,336; def., $85,321.
Pittsburg Chartiers
tiers to
;
Pittsburg Cincinnati Chicago
Lines owned.
Miles.
Pitt8burg,Pa.,toChioago,Ill.
Rendcomb Jo. to Anoka Jo. ..
Bradford Jo. to Lndianapolis.
Indianapolis to Jeffersonville
Branohes
Total
owned
Trackage—
Indianapolis to
509
166
104
108
223
1,111
Kokomo
54
3
Lines Jeaj'ddTSee these co's.) Miles
23
^[Chartiers
Other
Ac St.
Louis Ry.— (See Map.)
—
Lines leased Con.—
Ohio Connecting Ry
Wheeling & Ky
Eng. Connecting Ry. in Chic
Pitts.
MUe*.
6
28
8
Otherlines
1
Operated under their own
organization
Pittsburg Chartiers & Yough21
iogheny Ry
148
Cinoin. & Musk. Val. RB
28
Waynesburg & Wash. RB....
—
Miami
194
Total of all Jan. 1, 1905. ...1.621
Organization, <fec— Formed In 1890 by consolidation (per terms in V.
50, p. 875) of Chioago St. Louis & Pittsburg, Jeffersonville Madison A
ULittle
Apr.. 1905.]
RAILWAY STOCKS AND BONDS.
102
1
RAILWAY STOCKS AND BONDS.
*
www
I6-22
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Vol. lxxx.
|
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Apr., 1905.
RAILWAY STOCKS AND BONDS.
1623
gg^WWWW
uroifiw i m n
.
liippewa Falls
>Ienillan.
Faribault
Ktedfoi'd
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\|\r£
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RAILWAY STOCKS AND BONDS.
1624
Oin. Chic,
Pitts.
Jefl'nville,
dt
Mad.
&o., see notes
St.L— (Oon.)— Bt. & Ind. 1st M.r
In. 1st M. (s. f. drawn atllO).o
<fe
2d mort., Jeffersonv., Ky., to Indlanap.
& br'h.o
f"A,"g.C
Oon. M., $75,000,000, gold, guar.p.&i. J
(end.)
by Pennsylvania Company. F 1
"B,"g.o*
"C,"g.o*
" D,"g.o*
" E," g.o*
" F," g.o'
Toledo-Bee Baltimore &
stk., 7 p. o. guar. Pa. RR.
Guaranteed special Imp. stock, 7 p. o. guar, by end
1st mortgage, series A to F) Sink, fund, oumula-)
2d
series G to M J
do
tlve, not drawn. o* \
3d mortgage
Pittsburg dt Lake Erie—Stook, auth. $10,000,000...
1st mortgage, gold
c
2d mortgage, gold, Series A. & B.N
o
PUttb. Lisbon dt West.— See Wheeling & L. Erie.
Pittsburg Cleveland
Pittsb.Ft.
Wayne dt
dt
0—Gen.
Miles Pate Size, or
Amount
Par
of
of
Outstanding Rate per When
Road. Bonds Value.
Cent.
Payable
Jan.
.
&
1,
1884
1882
1884
1888
1890
50
I
1897
1902
1,000
1,000
380,000
4,690,000
5g. M.
5g. J.
b $1,60
1905, held $2,371,000 additi onal
,
Stock op Old Companies unexchanged Jan. 1, 1905: Pittsb. OinSt. L. common, $25,050, Chic. St. Louis <fe Pittsb., oommon, $442,267, and preferred, $4,952; Steubenville & Indiana, oommon, $78,271.
and preferred, $750; Jeff. M. & I., $5,000.
Bonds.—The consolidated mortgage for $75,000,000 (Farmers' Loan
& Trust Co. of N. Y. and W. N. Jackson, trustees,) covers the entire prop-
&
Sufficient consols are reserved for the purpose of retiring all secbonds 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 Pennerty.
tional
The
six series are all equally seoured. See adv.
1892, and guaranty on bonds, V. 56, p. 604.
In Sept.. 1904, $9,000,000 Series F consols were sold to refund the
$2,996,000 Col. & Ind. Cent. 7 per cents paid Nov. 1, 1904, and for
general purposes. V. 79, p. 1267; V. 80, p. 1175.
Latest Earns.— 2 mos., > 1905
Gross, $3,943,546; net, $636,125
Jan. 1 to Feb. 28.
3,624,928; net, 610,372
5 1904..-. ...Gross,
Annual Report.— Report for 1904 at length in V. 80, p. 1230, 1367Tear ending Dec. 31.
1904.
1903.
1902.
Miles operated (system proper)
1,169
1,164
1,164
Gross earnings
$24,209,492 $24,650,401 $22,610,557
Netearnings
6,099,554
5,874,885
5,705,687
Miscellaneous
125,026
61,182
71,042
Total net earnings
$6,224,580
$5,936,067
$5,776,729
Interest on bonds
$2,307,637
$2,186,113
$2,202,505
Rentals paid
139,344
132,361
131,687
Car trusts (lnolud. interest)
659,146
589,988
254,878
Improvements, sink, fund, etc. 1,331,787
1,369,075
1,398,357
Dividends on preferred
(4%)1,098,122 (4%)908,036 (4
907,926
Dividend on oommon
,..( 3%)743,390 (3%) 743,378 (3
743,296
Balance, surplus
def. $54,846
$7,116
$138,080
-(V. 79, p. 2748, 2797; V. 80, p. 1175, 1230, 1358, 1367)
May 21,
'o)
'o)
RR.— See Bait. & Ohio RR.— (V. 76, p. 49.)
Pittsburg Fort Wayne 6c Chicago Ry.— (See Map Penn. RR.)—
Tol.
Road.— Owns from
Pittsburg, Pa., to Chicago, m., and br., 470 miles.
Double track, 271 miles, of which part was built in 1893. In July, 1900.
66 miles of additional second track was under construction.
Lease, 4c.—Foreclosed Oct. 24, 1861, and reorganized. From July
1, 1869. leased In perpetuity to the Penn. RR.; rental pays interest, sinking fund of debt and 7 per oent on stock, payable Q.-J. The
lessee keeps road In repair and pays taxes and expenses.
In July, 1901, an extra dividend of 2 per cent was declared on both
stocks, but It will be paid on the guaranteed special stock only In case
theoourte so decide. No decision to July, 1904. V. 72, p. 821, 1188.
Capital Stock.— The special improvement stook is Issued to Pennsylvania RR. for Improvements, &o., under article 16 of lease, whioh
?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 stook and "to the
rights of holders of said general or prior stock to have distributed to
them in quarterly instalments an annual dividend fund of $1,380,000
free of all taxes." This special stock Is issued from time to time for
betterments; In 1898, $335,300; in '99, $824,907; In 1900, $1,002,700;
In 1900, $1,291,200; In 1902, $1,418,200; In 1903. $2,010,400; In 1904
$4,959,200. Of the $31,002,900 guaranteed special stook outstanding
Deo. 31, 1904, $29,829,800 was owned by Penn. Company, the greater
part being pledged to secure bonds of latter. V. 75, p. 1087.
Bonds.—The first mortgage Is in series of $875,000 each and second
mortgage of $860,000. Of the above 1st mortgage bonds, $3,100,500
and of the second mortgage $3,314,500, and $2,599,178 cash, were held
In the sinking funds Jan. 1, 1905.
profit to lessee $149,179; In 1903,
A.
164,000
6,419.600
470,000
.
Report.— In 1904
-
g.
1,000
1,000
preferred, $30,000,000; par, $100. Outstanding Jan., 1906, common,
$24,780,351; preferred, $27,454,049. Stockholders in Deo., 1903,
subscribed to $4,750,000 preferred stock, increasing the amount outstanding to $27,454,000. V. 77, p. 1747; V. 78, p. 229. Suit V. 68. p.
381; V 69, p. 1248; V. 70, p. 126. Of the pref. stock, $15,000,000 U
pledged a8 collateral under Penn. Co. certificates of 1901 and $8,200.000 preferred and $14,500,000 common stook under Penn. Co. collateral betterment notes, due Oct., 1905. V.73,p. 957; V. 78, p. 1276.
The preferred stook is " non-cumulative and entitled to a dividend
of 4 per cent per annum out of the net earnings as deolared by the
Board, with the right after 3 per cent has been deolared 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.
Drvs.— ) 1892-93. '94. '95. '96. '97-'98. '99. 1900 to Jan 1905.
On pf %.— s 4 yearly. 2
2
3
4 yearly
On com., 1%, Aug. 15, '01; since to Feb., '05, lnol., 3% yearly (F&A).
6c
g
J.
J.
J.
J.
1899
1902
1905
& Riohmond and Pittsburg Cin. & St. L. Conby Pennsylvania Company, which on Jan. 1, 1905, owned $17,644,200 pref. and $14,587,500 common stook. As to interest in majority of Hooking Val. common stook, see that company.
Capital Stock.—The stock authorized is: Common, $45,000,000;
Pittsb. Cleve.
£
5
RR.
trolled
sylvania Company.
6
6
6
3.959,650
2,250,000
1,000,000
600,000
290,000
1,000
1,000
1,000
1,000
Indianapolis, Cincinnati
in Chronicle
Whom.
1864 $1,000 $3,000,000
5
& J. N. Y., Nat'l City Bank.
1866
1,000
a572,000
7
& O. N. Y., Farmers' L'n & Tr.
1870
1,000
1,967,000
do
7
& J.
do
1890 1,000
10,000,000
do
do
& O.
4»sg
1892 1,000
8,786,000
4*3 g.
do
do
& o.
1892 1,000
1,095
1,379,000
do
do
4^1 g. M. & N.
fl895 1,000
4,983,000
do
do
4g. M. & N.
1899 1,000 blO, 392,000
do
do
3>ag F. A A.
1903 1,000
9,000,000
do
do
4g. J. & D.
Ohio RR.
100 19,714,286 See text. Q.-J. N. Y., Wlnslow, L. & Co.
470
100 31,002,900 See text. Q.—J.
470 1871
do
do
468 1862 500 «fec.
5,250,000
Various
do
do
7
468 1862 500 &0.
5,160,000
7
Various
do
do
468 1862 500 &o.
2,000,000
A. & O.
do
do
7
50 10,000,000 10 in »04 F. & A. Pittsburg, Co.'s Office,
"71 1878
1,000
2,000,000
do
do
g< J. & J.
$ g- A. & O. N. Y., Security <& Tr. Co.
1,000
71 1889
2,000,000
5
RR
a Sinking fund
pal,When Due.
Where Payable, and by
116
222
222
Pittsburg IfcK. dt lough.—Stock, guar., see text
57
1st mortgage, guar, by P. & L. E. and L. 8. & M. S.o
57
2d M., gu. p.&l. (end.) by P. & L. E. and L. S. &M. S.c
MoKeesport & Belle Vernon, 1st M., g., ass'd. FPI
40
Pitts. Ohio Val.d& Oin.— 1st M. g.,s.f. notdrn.FP.c*
15
Pitttburg Painsesv. dt Fairport—Bee Baltimore
Ohio
Pittsb. Shawmut dt
1st M. g., $12,000,000Colc*
New mortgage, gold, $15,000,000
Car trusts, part due seml-an
Pittsburg Virginia dt Charleston— Bee Pennsylvani A
Pitts. Term. RR. dt Goal— W.Side Belt, 1st M., g.TJPi Text.
Pittsb. Term'l, 1st M., $7,000,000, gold.CPI-.c* Text.
No—
Bonds— irinol-
INTEREST OR DIVIDENDS.
RAILROADS.
For explanation of column headings,
on first page of tables.
[Vol. lxxx.
$316,214
— (V.
79, p. 2457.)
Pittsb. Johnstown Ebensb. 6c Eastern RR.—V. 77, p. 628.
Pittsburg Junction RR.— See V. 67, p. 688, 788, 954, 1056. B.
A O. Is in control, owning all of the securities except $15,250 oom-
5
&
&
&
&
&
Stocks— Last
Dividend.
Jan.
Oct.
July
Oct.
Apr.
Nov.
Nov.
Aug.
Deo.
1,
1,
1,
1,
1,
1,
1,
1,
1,
19U
1906
1910
1940
1942
1942
1945
1949
1953
Apr. 4, '05,1 \
Apr. 1, '05,1%
July 1, 1912
July 1, 1912
July 1, 1912
Feb. 1, '05, 6%
Jan. 1, 1928
Jan. 1, 1928
J. N. Y., Union Trust Co. Jan., 1905, 3%
July 1, 1932
do
do
J.
July 1, 1934
do
do
J.
J. Pittsb'g, Fidelity Tr.Co. July 1, 1918
Phila.,
Broad
St.
Stat'n
Oct. 1, 1920
O.
Feb. 1, 1949
Central Trust Co.
Feb. 1. 1952
N. Y., Colonial Tr. Co. Sep'05-M'r.'lO
g>
g.
&
&
8.
J.
Colonial Tr. Co., Pittsb.
do
Sept. 1,
July
do
1,
1937
1942
6.000.
mon
stook, $959,000 first 6s. $250,000 second 5s and $191,000 Terminal Co. 5s. See B. & O. and V. 69, p. 1063, 1192 and V. 70, p. 77.
Pittsburg 6c Lake Frle
Owns from Pittsburg, Pa., to
Youngstown, O., 68 miles, to be four-tracked; branoh lines to Newcastle,
etc., Pa., 4 m.; total owned, 72 miles (of whioh 70 double track); leases
Pitts. McKeesport <fe Yough. (which see), 112 miles; Mahoning State
Line RR, 3 miles; Beaver & Ellwood RR., 3 miles; Elwood Connecting RR., 1 m.; total operated, 191 miles.
The road is operated in harmony with the New York Central sys-
RR.—
&
Michigan Southern Ry. owning $5,000,100 of
stook. The P. <fe L. E. owns stock and securities of Pitts. Cn.& Yough.
Ry., $140,000, and of Monongahela RR., $1,000,000. As to guaranty
of bonds of Monongahela RR., see that company's statement.
tem, the Lake Shore
Dividends.—
Per cent.
to 1891.
1892.
1893 to Feb., 1905.
10 yearly.
6 yearly.
8
Annual Report.—For year ending Deo. 31, 1904, gross, $10,035.510; net, $2,313,868. In 1903, gross, $11,280,129; net, $2,491,160;
taxes, $158,642; interest, $224,983; rental. $478,562; dlv. (10 p. o.),
$900,000; bal., sur., *731,470.-(V. 77, p. 37; V. 78, p. 344.)
Pittsburg Lisbon 6c Western RR.—New Galilee, Pa., to Lisbon
O., 25 miles; Salem to Washingtonville, O., 7 in.; coal road, 3 miles.
Purchased in May, 1904, by the Wheeling & Lake Erie RR. V. 78, p.
1782. For 7 ig mos. ending June 30, 1903 (32 miles), gross, $54,448;
net, $16,013; other lnoome, $1,303; charges, $20,423; bal., def., $3,107. President, N. B. Billingsley, Lisbon, 0.-(V. 78, p. 1782.)
Pittsburg mcKeesport 6c Youghiogheny RR.—Owns from
Pitts, to N. Haven, Pa., 57 m.; McKeesport to Brownsville, Pa., 40 m.;
branches, 13 m.; leases 2 in.; total, 112 m., of which 50 m. double track.
Lease.—Leased to Pittsburg & Lake Erie RR. for 999 years. Rental
is 6 per oent on the stook, principal and Interest of the Pittsburg MoK.
& Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake
Shore & Mlohlgan Southern companies, the guaranties being endorsed on
the share oertl licateB and bonds. The guaranty of the stook is on the
express condition that the holder shall accept par for the same on July
See wording of guaranty in V. 56, p. 774. Stook authorized,
1, 1934.
$4,000,000 first mtge. bonds authorized, $2,250,000 2d mtge. bonds
Profit to lessee in 1900 $2,373, of whioh
authorized, $1,750,000.
one-half was payable to the Lake Shore & Mlohlgan Southern.
Pittsburg Ohio Valley 6c Cincinnati RR.—Owns road Bellaire, O., to Powhatan, O., 15 miles. Operated for cost by Pennsylvania
Company in connection with Cleveland & Pittsburg sinoe Deo. 1, 1892.
Stook, authorized, $1,500,000; outstanding, $300,000; par, $50. Trustee of mortgage (for $1,500,000), Fidelity Trust Co. of Phila. Year
ending Deo. 31, 1904, gross, $37,092; net, $14,719.
Plttsbnrg Palnesville 6c Falrport RR.— See Bait. & Ohio RR.
<
1884
<
;
;
RR.—
Road— Projected as
Pittsburg Shawmut 6c Northern
a short route from the bituminous coal fields in Elk and Jefferson
counties, Pa., northerly to Macedon (on the N. Y. Central & Hudson
River RR.), inoluding branohes, 350 miles. The first division, Wayland
to Shawmut, Pa., with branches, is in operation, viz.:
Miles.
Leased— (Concl.)
Owned—
Miles
80 Hornells. Jet. to Hornellsvllle
Hydes to Coryville, Pa
10
70
Trackage—
State Line Jet. to Wayland
18 Hydes to Shawmut, Pa
Paine's Jet. to Cardiff
6
Mt. Jewettto Kaison Jet
10 Brockport to Brockwayvillo, Pa.
4
Olean to Olean Jet
8 Coryville, Pa., to State Line Jet... 11
Leased—
. . .
Croyland to Halton, Pa
18
Total operated
809
Organization.— Reorganized without foreclosure in 1901, under
plan In V. 74, p. 327, only $164,000 of old $6,000,000 5 per oent bonds
not havinar assented. The Kersey RR., 12 miles, formerly leased, and
about 150,000 additional acres of coal lands and mineral rights were
plaoed under the new mortgage. V. 74. p. 327, and Clroular, p. 578.
The non-assenting bonds have reoeived Interest to Aug., 1904. The old
lets exchanged for the new bonds have not been oanoeled. V. 75, p.
291. Car trusts June, 1904, $188,477; of 1905, see table above.
Stock.—All com., autm, $15,000,000; Issued, $11,700,000; par $100.
Earnings.— For the year ending June 30, 1904, railroad earnings
were: Gross, $843,208; net, $156,092; other lnoome, $11,558; interest, taxes, etc., $291,148; bal., def., $123,498; see V. 78, p. 1498.
Officers.—Aoting Pres., Frank S. Smith, 45 Wall St.— (V. 80, p. 1412.)
Pitts. Shenango 6c Lake Erie.— See Pitts. Bessemer <8> L. Erie.
Pittsburg Terminal RR. 6c Coal Co.—Owns $1,060,000 of
the $1,080,000 stook of the West Side Belt RR., having a belt line extending from Pittsburgh to Clalrton, Pa., 20-6 miles, and Banksville
Jot. to Banksville, 2 in., with 13 miles of sidings, a total of 35-6 miles.
Has its own rlrer tipples and connection with all roads entering Pittsburgh. Owns in fee about 15,000 acres of coal and 675 acres of surface lands adjoining in Allegheny Co., Pa., which were leased Nov.,
1904. to the Pittsburg Coal Co. for 40 years at $350,000 yearly and a
royalty of 8 cents per ton of coal mined. V. >0, p. 1236. Capacity,
over 3,000,000 tons yearly. See prospeotus, V. 78, p. 703; V. 80, p. 1480.
In 1904, the Wabash-Pittsburg Terminal Ry. (whioh see) acquired
the entire $14,000,000 stock, par $100. V. 79, p. 1024, 2086; V. 80,
p.
1236.
are secured on coal lands and by mortgage of West Side Belt
RR., which guarantees them, p &1., and by pledge of West Side Belt
stook owned. Sinking fund 8 oents per ton of coal mined. Of
the bonds, $4,690,000 was outstanding In Feb., 1905, the balanoe
being in the treasury, of whioh $1,000,000 reserved for the West
Side Belt bonds. Offioers and dlreotors, Oot.,;1904.— (V. 80, p. 1480.)
Bonds
;
.
RAILWAY STOCKS AND BONDS.
Apr., 1905.]
RAILROADS.
For explanation of ooluinn headings, Ac,
on first page of tables.
Miles
see notes
of
A
Ohio RR.
Pittsburg <t Western— Soo Baltimore
Youngsl. dt Ashtab.— Com. stock, $2,000,000
Preferred stock, $2.000.000.... ..--..--.. .........
125
125
62
125
Ashta. A Pittsb. lstM.,Y*ngst'nto Asht.o*&FPr.
Oonsol. M. (for $4,000,000) s. f. 1 p.o., not dr.F.o'
Plymouth dt Middleboro, 1st M., Int. gu.by Old Col.o*
Pontiac Oxford <£ North.— 1st M..g.,$400,000.ITIe.cPort Angeles Pae. - lit M., $2,000,Ot>0, g. red.l05.K
Portland dt Rochester See Boston A Maine RR.
<&
Rumford
15
100
....
—Falls.—Stook
64
$1,000,000, gold. .OB.o*
o
Plain bonds, sinking fund, gold, $350,000
Consol.,
now
1st. mort.,
mmm
$500,000
do
do
....
Portland Union Ry. Sta.— 1st M., ser. "AAB,"gu.s.f
21
Port Reading.— lstM.,e., gu.by old P.AK.PeP.o\fer
31
g.guIWe
Ba
0*&r
Potomac Valley— 1st M.$2,000,000,
40
Potosi dt Rio Verde— 1st M., $15,000 p. m.,s.f.Mo.o*
28
o
Provulence dt Spring/ield— 1st M. gold
51
Providence dt Worcester—Stock (10 per cent rental)
51
let M.(refund'g),cur., $1,500,000. V.63,p.l064.e*
15
Quakertown dt Eastern— 1st mort., gold GuP..c*
....
Railroad Securities- Stock, com., $10,000,000
Pref. stook, 4 per cent oum., $10,000,000
....
HI. Cent. stk. Int. certs, cum., g.,ser. A.red 105 (Is
Raleigh dt Augusta— Raleigh dt Gaston— See Seabo A.RD A
....
Raleigh dt Cape Fear— 1st M., $310,000, goid.K.c*
20
Raritan River RR. -1st mortgage, gold
40
Heading dt Columbia—1st mort. (ext. In 1882) .c*
40
2d mortgage, ooupon (extended In 1884 & l904;c
c
Debentures
" ""
l
.
Charleston By.- Aoqulred
A
Pittsburg Virginia
Size, or
of
Par
1878
1887
1892
1896
1904
1,000
1,000
100
1896
1,000
1897 500 &C.
1904 500 Ac.
1887-9
1,000
1,000
1,000
1,000
1,000
1891
1891
1898
1892
100
...
1897
1897
.
1,000
500
100
100
--.
1902
1,000
ih Lin E RY.
1903
1,000
1889
1,000
1862 100 Ac
1864
1,000
1877
1,000
in 1905
by
A Western RR.—V. 73, p. 445, 785.
Report.—Last report
(V. 73, p. 1109). Earnings since July 1, 1902,
are inoluded in those of B. & O. For year 1900 01, gross, $4,080,687;
net, $1,534,029. ( V 74, p. 268.)
.
Pittsburg Yon ngstown
RR.— Owns Kenwood,
Ashtabula
6c
Ashtabula Harbor, O., 99 miles Niles to Alliance Junotion, O.,
25 miles Canfield Branch, 1 mile trackage, 3 miles. Total, 128 miles.
Organization.—Leased August 1, 1887, to Pennsylvania Company, which Jan. 1, 1905, owned $375,000 oommon and $1,550,000 preferred stock; rental net earnings. Lease terminable at cither's option
Dividends. ) '90. '91. '92-95. '96. '97 to 1900 '01. *02. '03, '04. 1905.
Oommon, p.o. s 2ia 3 6 y'ly. 6Ja 6 yearly. 6>» 7 7 7Mar.3 1s
On preferred, 1888 to Mar., 1905, 7 per cent yearly (M. A S.)
Bonds.—Bonds of 1887 are reserved to retire 6s.
Earnings.— In year 1904, gross, $2,802,952; net, $1,285,274. In
1903 gross, $2,767,821; net, $974,915; other Income, $10,995; interest, $168,100; Improvements, $1,065,033; dividends, $212,044
bal.,
def., $459,267.— (V. 73, p. 616.)
Pa., to
;
;
;
;
A Lake Tahoe RR.—V. 78, p. 2600.
A Northern RR.— Operates road from Pontiac
Pontiac Oxford
Mich,, to Caseville, Mich.. 100 miles. In April, 1905, Robert A. Lounsbury of Pontiac, Mich., was appointed receiver. V. 80, p. 1424. In
year 1902, gross. $197,897 net, $68,474; Interest, $24,000; dividends,
Rate
5
See test.
400,000
650,000
350,000
1,000,000
;
A Rumford
4464
666
1903-4. $583,399 $274,054 $35,106
$98,111 (6)$120,000 $91,049
1902-3.. 623,019 275,864
17.575
86,716 (6) 120,000
86,723
-(V. 73, p. 1008; V. 75, p. 612; V. 77, p. 770; V. 79, p. 1267.)
Portland Union Railway Station.— Stook,
$50,000. Bonds
guaranteed Jointly by Boston A Maine and Maine Central.
Port Reading
Owns 21-21 m. of road, completed in Sept.,
1892, from Port Reading Jet., N. J., to Staten Island Sound; sidings
and laterals. 32 m.; total, 53-2 m. Capital stock authorized $2,000,000—
par $100, all owned by Reading Company, $1,555,000 being deposited
under its general mortgage of 1897 and $440,000 under Jersey Central
collateral mortgage.— (V. 55, p. 544. 639, 680.)
Potomac Valley
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. Leased to
Western Maryland, which owns the $500,000 ftock, the earnings over
charges being deolared and paid yearly as dividends. The bonds of
1941 have principal and Interest guaranteed, Jointly! and severally,
by the Western Maryland RR. Co. and the Baltimore & Harrisburg Ry.
Co., being so endorsed. The bonds have a sinking fund of 7 10 of one
per cent. For year ending Sept. 30, 1903, gross, $366,526
net over
8 $199 421
ln *erest on bonds. $65,000
bal., but., $1 34,421. In
,?^
!,
1901-2, gross, $481,354; net, $296,179.- (V. 76, p. 1144; V.77,p. 2160.)
oto * 1
R, °, Verde Ry.— Owns a narrow-gauge road from City
„.^
I
or
Ban L,uis
Potosi, Mexico, to Hacienda Alvarez, 40 miles. Has concessions for 99 years, expiring Nov. 4,1985, when railroad becomes
y °L the Mexican Government. Company is exempt from
l«ZJ£ vf lmport
duties for 15 years. Bonds are subject to call at 1 10
»i* L* r t n any
in * ere8t day. Pres., Robert S. Towne; Sec, C.J.
oo Beaver
D
Nourse Jr., 82
RR.—
RR.—
1
;
'
'•
;
*
i
w™™i% r
New
Street,
York.
R.-Providence, R. I., to Douglas
En^an
aln line, 28 miles. Stock, $517,450 (par,
*?no *£!?•;,
l ue ?• Y New H. & Hart. V. 61, p. 1014. Road
to22h
8 modified in July,
1896.) to New England RR. till July
n s^? ok - 8ee V. 63, p. 30, and New England
i Pf' oeni„S
bonds were guaranteed by the N. Y. &
n£^ England
pRn-i %'£• 6,98
JNew
r
l
rJT M^ J?
enc
&
U tr
New
Springfield
>
^n^r^y
^1'm
K'»
i-
;i
.
-
^e
(since foreclosed).— (V.
63, p. 30.)
Provldeiue Terminal Co.— V.
r e * ter
w rZ,Vr«? e Mass..
K£! .* }y°
?,
Worcester,
44 miles,
P
78, p. 1110.
RR—Owns from Providenoe. R.
of whioh 5
I., to
miles are owned Jointly with
M.
M.
F.
M.
J.
J.
A.
S.
8,
F.
&
pal, When
by
Due.
Stocks— Last
Dividend.
N. Y., Farm. L. & Tr. Co. Mar.25,*05,3i*
N. Y., Far. L. A Tr. Co. Mar.25,'05,31*
A. Phila., Fidelity Tr. Co.
N, N. Y., Farm. L. & Tr. Co.
Aug.
Nov.
J
Boston.
Jan.
J N. Y. Mero'le Trust Co. July
O, N. Y., Knickerb. Tr. Co. Apr.
Q.-M.
M.
Portland, Me.
1,
1,
1,
1,
1,
1908
1927
1912
1916
1»54
Mar.l5,'05,lifl
N. Boston, Old Colony Tr.
A, Boston and Portland.
&
A A
Nov.
Aug.
2,
1,
1926
1927
Portland, Me.
Feb. 1 1934
& J. Portl'd, Me. & Boston. Jly'27,Jan.*29
Philadelphia.
& J.
Jan. 1, 1941
& J. Baltimore, Hlllen St'n. Jan. 1, 1941
& O. N. Y., 82 Beaver St. Oot. 1, 1918
A J. Prov.,R. I Hospital Tr July 1. 1922
Q.-M.
Providence, Office.
Mar 31.'05,2i«
A. & O. Prov., R.I. Hosp. Tr. Co. Oct. 1, 1947
Quakertown, Pa.
J. & J.
Jan. 1, 1927
A.
J.
g.
M.
g
J.
-
&
A
&
A
&
&
A
Bonds— Princi-
i
M.
4
6
J.
J.
&
A
A
A
A
&
&
N. Y., office, 120 B' way.
Apr. 1, '05, 2%
Jan. 1, 1952
N. Y., Knick. Trust Co.
1,
O.
J.
Mar.
Guar. & Tr.
Jan.
Phila.. Phil.&Read. RR. Mch.
D.
do
do
Sept.
do
D.
do
Dec.
8.
J.
S.
N.
J. Tit,
A
1,
1,
1,
1,
1943
1939
191S
1912
191V
Providenoe; branches, 7 miles total owned, 51 miles
1892, leased for 99 years at 10 per oent per annum on the
stook to the N. Y. N. H. A Hartford.— (V. 63, p. 1064.)
Boston
;
1,
Quakertown A Eastern RR.— Quakertown
to Rlegelsville,
Stook, $180,000, all outstanding; par of shares, $50.
Year ending June 30, 1903, gross, $33,405; net, $10,512; charges. $10,228.
President. John Jameson; Sec, Henry S. Funk; Treas. .James
H. Shelly; Gen. Mgr., A. F. Baker. Office, Quakertown, Pa.
Pa., 15 miles.
Quebec Bridge A Railway Co.— V. 78, p. 584. V. 79, p. 2697.
Quebec Central Ry.—V. 78, p. 1276; V. 79, p. 783; V. 86, p 998Quebec A Lake St. John Ry.—V. 78, p, 2600; V.79, p. 786,2589,
Quebec Southern Ry.— Owns 8orel, Province of Quebec, to"
Noyan, 89 miles; St. Lambert to St. Franools, with branoh, 55 miles,
(former South Shore By.); total, 144 miles. A consolidation was voted
Jan 14. 1902, with the South Shore Ry. On Mar. 21, 1904, Geo C.
Dessaulles of Hyaolnthe, Que, was appointed reoelver of the Quebec
Southern and South Shore railways. Application to Issue $20,000 receiver's certificates was made. V. 78, p. 1276. Proposals for purohase
of road were rejeoted by the Court in Aug.. 1904. the road to remain
for present in hands of receiver. V.79, p. 104, 681.
In Feb., 1905, the Montreal Quebeo & Southern Ry. proposed to apply to the Canadian Parliament to incorporate with power to construct and operate a railway from St. GuUlaume station on the Montreal <fe Atlantic Ry. to Sorel, and acquire the South Shore Ry., the
Montreal & Longuenil Bridge Co., the Quebto Southern and the East
Richelieu Valley railways. V. 80, p. 712. For 4 mos. ending July 31,
1904, fTOBS earnings were $75,671, against $60,951 In 1903. Pres.,
H. A. Hodge. Montreal. Can.-(V. 76, p. 1249; V. 78, p. 1276; V. 79,
p. 104, 681; V. 80, p. 712.)
Quebec Terminal 6c Railway Co.— See V. 71,|p. 603; V.77, p. 38.
Queen Anne's RR.—See Maryland Delaware A Virginia Ry.
"Queen 6c Orescent."—Includes Cincin. N. O. & Texas Pac, Ala.
Gt. So., New Orl. A N. E., Ala. & Vicks. and Vicks. Shrev. & Pao.
Qulncy (111.) RR. Bridge Co.—See Chicago Burlington A
QuTncy.-(V. 75,
;
$50,000. Stook, $1,000,000. Dividends: In 1890, 1 p. c; 1891,3; 1892,
4; 1893, 6; '94, 4; '95, 3**; 1900, 4; 1901, (?)
1902, 5. Litigation, see
V. 77, p. 2»9. Pres., Hugh Porter, N. Y.— (V. 77, p. 299; V. 80, p. 1424 )
Portland
Falls Ry.— Owns Rumford Jet. to Rumford Falls, 54 miles ; branch to Otis Falls, 10 m.; trackage (Me. Cent.)
Rumford to Lewiston, 4 m.; total operated 68 miles. Controls Rumford Falls A Rangely Lakes RR., 41 miles of traok.— V. 69, p. 954.
Dividends— \ 1896 '97 '98 '99 1900 1901 '02 '03 '04 1905
Percent
5
6
Mar.,li«
S
Annual Report.— Report for 1900-1 was in V. 73, p. 1008.
Fear— Cross.
Net.
Oth. inc. Int., tax., etc. Divid'ds. Bal.,sur.
Whom.
Payable
Cent.
2,000,000 6 in 1904
992,000
4 g
4 «
350,000
4
500,000
4
300,000
5
1,500,000
5 _
1,800.000
150,000
5 g
750,000
10
3,500,000
4
1,500,000
180,000
5 g
4,750,000
2,575,000 4 In 1901
4g8,000,000
From July
branches to Foxburg, 59 miles; 3-ft. gauge lines to Mt. Jewett, etc,
101 miles; total owned, 219 m.
Status.— Road sold on Oot. 9, 1901, under the 2d mortgage and reorganized as P. & W. RR;, B. & O. pledging as part security for its own
Pittsburg Lake Erie A west Virginia system 4s the entire $13,500,000 of new stook. $6,884,000 of the $9,700,000 first mortgage 4s of
1887, $81,000 old 6s (all). $136,000 of the $219,000 Pittsburg New
Castle & Lake Erie 4s due 1917 and $3,500,000 new mortgage bonds
INTEREST OR DIVIDENDS.
per When Where Payable, and
$1,333,342 7 In 1904
1,700,000 7 in 1904
6
1,500.000
5
1,562,000
5
225,000
6 «
400,000
5 i
100,000
1,000
1.000
Pittsburg A "Western RR,- (See Map of Bait, dt Ohio.)—Road—
Owns Allegheny, Pa., to New Castle. Pa., 59 miles; standard-gang*
Placerville
Outstanding
$50
50
Penn. RR.
of Pittsburg
Amount
Road. Bonds Value.
Pittsb.
Portland
Date
1625
p.
1355; V. 77, p. 629.)
Railroad Securities Co.— Organized by
Interests identified with
the Illinois Central to acquire and hold securities of railroads. Stook,
common, $10,000,000; pref., 4 per cent oum., $10,000,000; outstanding, oommon, $3,600,000; pref., $2,000,000. The $8,000,000 present
issue of the int. certificates ($20,000,000 authorized) are seoured by a
like amount of Illinois Central stock, interest at a 4 per cent cumulative rate being payable if received from dividends on the shares
pledged, the stook Itself being deliverable to the holders of the certificates at maturity unless the option to call at 105 is meantime exercised. V. 74, p. 937, 1039. Dividends In 1902 to Apr., 1905, both
inolusive, 4 p. o. y'rly (paid A.
O.) on pf.— (V. 74, p. 989, 1039.)
Raleigh
Raleigh
Raleigh
&
A Augusta Air Line RR. ssee Rp
n rd Air
ah
AlrTi7i«R„
8ea
t>°ara
Line Ry.
A Gaston RR.
A Cape Fear RR.— Operates from Raleigh, N. C, to
)
,
ft
\
Lillington, 34 miles, including 2 milesof trackage; extension proposed
to Fayetteville, 28 miles ; total to be 62 miles. Incorporated in 1898;
road opened Jan., 1899. Stock authorized, $10,0 >0 per mile. Bonds
(see table above) are limited to $5,000 per mile. V. 76, p. 752. In Nov.,
1904, a new mortgage to secure $30,000 of 6 p. c equipment and
improvement bonus was reported to be filed. V. 79, p. 2589. For 6
mos. ending Deo. 31, 1904. gross, $24,816; net, $9,537. Year ending
June 30, 1904, gross, $50,142; net, $21,652; charges, $9,199; bal., but.,
12,453. Pres., John A. Mills; Secy, and Treas., F. T. Ricks. Offloe,
t alelgh, N. C.-(V. 76, p. 752; V. 79, p. 2589.)
Raleigh A Pamlico Sound RR.-Y, 78, p. 1498; V. 80, p. 1363.
Raritan River Railroad.— South Amboy to New Brunswick, N.
J., 13 miles; branohes, 7 miles; total, 20 miles.
Stock authorized.
$1,000,000; issued, $400,000; par, $100. Dividends paid in 1902-3
and 1903-4 4 p c. yearly. Year ending June 30, 1904, gross, $131,747;
net, $52,497; int.. taxes, etc, $22,270; dividends (4 p. c), $16,000
surp., $14,227.-(V. 77, p. 38, 2340.)
Beading Belt
Belt railroad, 7'4 miles in length, around
Reading, Pa., opened May, 19o2. V. 71, p. 751. Stook, $750,000,
all owned by Reading Company. Road leased to Phila. & Reading Ry.
for 999 years from July 1, 1902, at 4 per oent on the stook, Interest on
bonds, and taxes.- (V. 71, p. 751; V. 74, p. 1090.)
Reading
Columbia
Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 14 miles; operates Marietta JuHotion to
Uhlokles, 6 miles; total operated, 60 miles. Stock, $958,373 (par, $50) of
whioh $788,200, together with $9,500 1st mtge., $35,000 2d mtge. and
$1,000,000 debentures, are owned by Reading Co., all except $3,200
stock being deposited under its general mortgage.
Year 1903-04,
gross, $303,983; net, $6",0 <j; chaixen. *115.540. (V. 78, p. 1908.)
;
RR.—
A
RR.—
,
Reading Company— Philadelphia A Reading Ry.— (See
Philadelphia A Reading Ry. operates In oonneotlon with the
great anthracite coal properties of the Philadelphia & Reading Coal A
Map .)—The
Iron Co. in the Schuylkill region, Pennsylvania, a system of
roads centering at Philadelphia, extending to Hazleton and Williams
port on the north, and westerly to Harrisburg, Shippensburg and Gettysburg in Pennsylvania and Wilmington, Del., on the south; also easterly in New Jersey to Atlantio City and Cape May, on the Atlantic
Ocean, and to tidewater at Port Reading on New York harbor, viz.:
RAILWAY STOCKS AND BONDS.
1626
[Vol. lxxx.
Bonos— t?nn\i.RAILROAD 8.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Due.
Amount Rate per When Where Payable, and by pal.When
of
Par
of
For explanation of oolumn headings, &c, see notes
Stocks— Last
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
on first page of tables.
Dividend.
Read'gBelt—lstM.g.,$750,000,gu.p.&i.end.GP.o*
7-4
1900
Beading Company—Common stock
1st pref. stock, 4 per cent, non-cum
2d pref. stock, 4 per cent, non cum
50
50
50
1897 lOOO&o.
1901
1,000
1900
1,000
1899
1901
1,000
Gen. M.,$135.000.000,g., s.f.not 8iib.oall.Ce.c*<fcr. Text.
Jers. Cent. col. tr.
M. g.
,
105 aft.
red.
'06.
PePo'&r
A North'n stk. tr. ctfs., g., red. at 105. GPr
Wilm.
Car trusts, $252,000 semiannually
Car. A, mar. trusts, $200,000, semi-annually. GP
Equipment trust, ser. O, gold, $87,000 s. a
do
do ser. D, sold, $156,000 s. a
&
$1,000
•
1,000
1,000
-•-
1902
Read. RR.
bonds under LYING Gen. Mort.
1892
1,000
Delaware River Terminal Pur. Money M., gold.o*
1892
1.000
Delaware River Term. Ext. Pur. Mon. M., gold.o*
t Bonds and mortgages on real estate
94 1843 $ & *
tlst M., ©xt. In *60, Philadelp'a to Pottsv.$&JB.c<fcr
c&r
94 1844-9 1,000
Mortgage loans of 1844,1848 Pidl849
1857 500 &o.
c
tMortgage loan of 1857 convertible
c&r
1,000
148 1868
tMortgage loan of 1868, gold. ext. In 1893
254 1871 200 &c.
tConflol. mort. ($8,162,000 are gold 6s).PP..c&r
1873
g.c&r
325
••
limp. M,g., ext. *97.PeP See V. 65, p. 870,
c&r 327 1882 500&0.
Consol. mort. 5s, ext. In '97 ^ V. 65, p. 278)
Old Phlla.
1
.
. . .
1
1891
c*&r
tTerminal mort, gold. Bee V. 64, p. 85
Philadelphia City Subway Loan, guar., $3,000,000
Reading; Coal
&
1st mortgage, consolidated. Int. rental
..o*Ar
Richmond Frederic/csb. <6 Potomac— Common stook
Dividend obligations (same div. as com. stook)..
Stock, guar. 7 p.
o.,
except $19,300 guar. 6
Note.— General mortgage
marked
t
above.
IT
Only
Lines owned in fee.
Mt Carbon, etc
Phil, to
1894-8
I»on—
&,
tPblladelphla
i„ ext. In '02
f Col. s. f. gold loan (RR.) gu. p
Rensselaer dt Sara.— 8took,8p.o.gu.Del.& Hud. (end.)
&.
1892
p. o.
1871
1,000
100
100
100
..
Leased lines— (Con.)
ng Co.
Miles.
& Pitts. RR
Wilmington & North. RR. U
5950 Phila. & Reading Term. RR.
65*28 Reading Belt RR
&
Phlla. Har.
125-81
branches.
1,000
100
192
79
of 1897 requires th at the Read!
$16,000 are 3s.
Miles.
1,000
.
Lebanon Valley branch
Lebanon & Tremont branch
Mahanoy & Shamokln bra'h 59-86
Schuylkill &Susq. branch.. 53-37
1-86
West Reading branch
IT
47-1
88-4
1-3
7-4
Tot.leased (2dtraok 260-9). 646-1
Entire stock owned
Chester <fe Delaware RR
53
—
Total (2 tracks 182 m).. 365-64
1-6
Rupert & Bloomsburg
Lines ka*«d-(SeeeachCo.)
63
12-8 Middlet'n & Hummelst'n RR.
Oolebrookdale RR
99
11-2 Tamaqua Hazleton & N. RR.
Pickering Valley RR
Controlled
East Pennsylvania RR
1T35-4
114-5 Central RR. of New Jersey/677-4
AilentownRR
Reading & Columbia RR.... H39-6
Little 8chuylMll Nav. &RR. 1T31-5
Lebanon & other branches 13-8
Mine Hill & Schuy. Haven.. J420 Read.
6-4
Marietta <fe Han. RR.
Mt. Carbon & Pt. Carbon RR. Tl 25
East Perm.
If 25-7
Mill Creek & Mine H.RR....1T 3-8 North
Phlla.
Chester
Valley
RR.
<fe
1T23-9
Schuylkill Valley Nav.&RR. flll-O
City RR. & branchesm 67-6
East Mahanoy RR
H109 Atlantic
Fogelsv.
Catasauqua
&
RR.
.
Shamokln Sunbury & L. RR.H31-3 Gettysburg & Harrisb Ry... 29-5
H341
Phlla. German. & Nor. RR. . H29-9
PerklomenRR
U38-3
Chestnut Hill RR
IT 40
21 -7
Phil. Newtown
"
&
N.
Y.
RR..
If
=:- -,-.-
—
RR
.
CatawlssaRR
1T103-0
i
^~v
^"^.
"Vr
«r57.c>
11
0-4 f
"?£?
Norrlstown Juno. RR
?^!
10-1
Creek
RR
08 Stony
Norrist. & Main Line Conn.
2-6
Phil.
&
Frankford
RR
U
1186-2
North Pennsylvania RR
(IT See this company.)
Delaware & Bound B. RR... 1f338
1,134-9
Total controlled
Schuylkill & Lehigh RR
H46-9
2,146-6
Total system July, 1904 (2d track, 765 miles)
From the oompany's docks at the extensive
(11 See this company.)
terminal at Port Riohmond It operates a line of steamers aud barges
In coastwise coal traffic and provides berths with elevators and ample
accommodations for several trans- Atlantic steamship lines. In Jan.,
1901, control of Central RR. of New Jersey was acquired (V. 72, p.
86, 340, 392, 676; V. 73, p. 847>, andin June, 1901, an interest in Penn.
1
I
Steel Co.
V. 72, p. 1282; V. 79, p. 1039.
& Ohio and the Lake Shore &
Michigan Southern are Jointly ln"virtual control, having aoquired In
1903-04 over $60,000,000 of the $140,000,000 stook, consisting largely
Stock Ownership.—The Baltimore
of preferred stock.
V. 76, p. 102; V. 77, p. 350; V. 79, p. 2432.
Voting Trust, Etc.—The voting trust was dissolved In Sept., 1904The company has the right to convert the 2d pref. stook into one-half
first pref. and one-half common stook. See V. 64, p. 709.
Organization.—The Philadelphia & Reading RR. (ohartered April
4, 1833) and the P. & R. Coal & Iron Co. were sold in foreclosure Sept.
23/96, and reorganized per plan In V. 61, p. 1109. See V. 64, p. 709.
The "Reading Company" In the reorganization acquired the secu-
&
Reading
rity holdings, real estate, equipment, efo. , of the old Phlla.
RR. Co.: also the $20,000,000 stock and $20,000,000 bonds of the Phila.
& Reading
Ry. and the $8,000,000 stook of the Coal & Iron Co.
PROPERTY of reading company.
Railway equip, leased to Ry. Co. for 8 p.o. yearly
$21,805,738
Real estate notappurt. to RR. (ann. revenue ab't $175,000). 17,334,233
Colliers and barges leased to Ry. Co. for $115,000 yearly...
2,289,107
Leased and new equipment
10,426,394
Phila. & Reading Ry. stock $20,000,000 and bonds, $20,000,000 par (annual Int. to Reading Co., $1,200,000)
40,000,000
Phlla. & Read. Coal & Iron stock at par
8,000,000
Miscellaneous securities at par (in 1896 yielded $765,000). 70,228,806
'96-'97
rents
under
at par (not
mort.)
Morts. and ground
260.748
Int. in Phila. & Read'g Coal & Ir. above securities owned.. 79,123,888
other
companies,
against
etc
Claims
6.353,663
(See V. 79, p. 1038)
Total July 1,1904
$255,822,577
READING COAL
PROPERTY OF PHILADELPHIA
IRON CO.
Coal lands owned, 91,640 acres, with improvements
$72,864,082
.
<fc
<fc
Coal lands leased, 7,323 acres.
Timber lands owned, $659,965; New York and Eastern
depots, $707,002; Western depots, $379,072; coal on
hand and other current assets, $7,389,919; depletion
fund, $400,000
Stocks and bonds of companies controlled, nearly all of
which are collateral for loans created prior to 1896
Stocks, bonds
and mortgages
9,535,959
9,704,326
989,823
Total assets, per books, June 30, 1904
$93,094,170
Offsets— Collateral sinking fund bonds, $1,350,000, and
current liabilities, $3,097,494; total
$4,447,494
Sinking Fund.—Whenever, In any year, a dividend is paid on the
stook, an amount must be paid simultaneously to the trustee equal to
5 cents per ton on all coal mined bv the Coal & Iron Company during
the preceding year, if the aggregate of dividends so declared exceeds
that sum; otherwise such lesser sum as shall equal the dividends so declared. Under this provision general mortgage 4s (not callable) were
purchased and canoeled as follows: In Mar., 1900, $433,000; in 1901,
$391,000; 1902, $443,000; 1903, $253,000; in Mar., 1904. $495,000.
1900. 1901. 1902. 1903. 1904.
1905.
Dividends— per cent
4
3
3
4
4
Mar., 2
1st preferred ..,
May, 2
Ha
4
2d preferred
•-None. Feb.,
-Common
First div. on common !>• p.o., paid Feb. 1, 1905. V. 79, p. 2748.
.
m
$750,000
70,000,000
28,000,000
42,000,000
66,232,000
23,000,000
1,295,000
1,332,000
1,800.000
783.000
1.716.000
0» 1897.
500,000
809,000
1,390,040
1,512,700
954,000
79,000
2,696,000
18,811,000
9,363,000
5,766,717
8.500,000
2,591,000
4 g. M. & S. Phlla., Read. Ter. Bldg. 8ept. 1. 1950
See text. Text.
N.Y., J. P.Morgan <k Co Feb. 1, '05, Ha
4 In 1904 M.
4 in 1904 M.
4g.
4g.
ifr
4g.
4i«g.
44g
4^.
I*'
5 g6
6
4%
6
g.
5
g.
4
g.
&7
H3&3%
<fc
do
do
S.
& N.
J. & J.
A. & O.
Q.-M.
J. & J
M. & S.
M. & N.
F. & A,
M. & N.
J. & J
J. & J.
J. & J,
J. & J.
A. & O
J. & D.
A. & O
M. & S,
Q.-F.
do
do
N. Y., J. P.
Mar.
9, '05.
May
10, '05, 2
2%
Morgan&Co. Jan.
1, 1997
Apr. 1 1951
Phila., Girard Trust Co. When drawn.
Drexel & Co., Phlla., Pa. J'ly'05-J'ly'07
Phlla., Read. Ter. Bldg. Sep.'05-Sep'09
do
do
Nov'05-Nv.Oft
do
do
To Aug., 1910
Phlla.,
May 20,
Guar. Trust,
do
do
Philadelphia & London.
Phlla., Read. Ter. Bldg.
July
1,
July
July
1,
1,
Feb.
1,
1942
1942
1910
1910
do
do
July, 1910
do
do
Oot. 1, 1933
Phlla., do & London. June 1, 1911
Phila., Read. Ter. Bldg. Apr. 1, 1947
do
do
Mch. 1, 1937
Phlla., Prov. Life & Tr. May 1, 1941
City Treasury.
1905-1921
1,350,000
4g. F. & A. Phlla.. Read. Ter. Bldg.
10,000,000
8
J. & J. S.Y., Del. & Hudson Co.
do
2,000,000
M. & N.
do
7
1.316,900 See text. J. & J. Phila. and Richmond.
do
do
1,072,000 See text. J. & J.
do
do
500,400 8 in 1904 M. & N.
and Reading Coal <fe Iron Co. shall be responsible to
1932
Jan., 1905,
May
1,
4%
1921
Jan. 2, '05, 4**
Jan. 2, '05, <**
Nov., 1904
r all old bonds
Bonds. The General Mortgage 4s (abstract V. 64, p. 618).
are secured by mortgage and pledge of all properties and securities embraced In the reorganization, and also all other property
aoquired thereafter by use of the new bonds. The new mortgage
Is also, subject only to the bonds for which reservation is made,
based upon properties or securities of all the lines of railroad owned,
including the Philadelphia & Reading Railway Company proper,
365 miles; various leasehold lines, 635 miles; all the property of the
Coal <fe Iron Company, or the securities thereof equipment valued at
about $18,000,000, also marine equipment.
Furthermore, it has a first lien upon a majority of the capital
stook of various companies in the system owning 453 miles of railroad, and also on various bonds of system—list In V. 64, p. 613.709
Of the $135,000,000 fours of 1897 $51,960,000 were in Nov., 1903, reserved to take up undisturbed bonds and $12,500,000 for construction,
equipment, etc., at not over $1,500,000 per annum. V. 77, p. 2099.
Improvement mortgage 6 p. o. bonds oi 1873 due Oot. 1, 1897, were
extended at 4 p. o. for 50 years from April 1, 1897, payable in TJ. 8.
gold and guaranteed p. & 1. by the Reading Co. V. 64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at 4
p. o. till Mar. 1, 1937, the Reading Co. and Coal & Iron Co. becoming
responsible. See V. 65, p. 870, for contract. V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see January, 1895, Supplement.
The bonds were In 1902 extended to Feb. 1, 1932, at 4 per cent, principal and Interest being guaranteed by the Reading Co., and sinking
fund reduced to $30,000 yearly. V. 72, p. 242; V. 74, p. 206.
The Philadelphia Subway Loan Is payable after ten years from date
in 20 annual instalments, to secure which $500,000, bearing interest,
has been deposited, and $100,000 yearly Is being set aside In monthly
Instalments. SeeV. 58, p. 1110; V.62,p. 950; V. 63, p. 881; V. 71, p. 758.
The Jersey Central collateral trust bonds ($23,000,000 present Issue)
are eeoured by deposit of $14,500,000 Cent. RR. of N. J. (cost $23,200,000) of the $27,213,800 stook outstanding, $1,495,000 Perkiomen
stock and $440,000 Port Reading RR. stook, the remainder of the
$45,000,000 authorized being reserved to acquire the minority stook
of the Central Company. They are subject to call on April 1, 1903, or
any Interest day thereafter, at 105 and interest, on 60 days' notloe.
See abstract of mortgage. V. 72, p. 487; V. 73, p. 847.
The Wilmington <t Northern stock trust oertinoates are seoured by
deposit of «1,495,000 out of $1,500,000 W. & N. stook. V. 72, p. 340.
Car trusts of 1899 see V. 69, p. 1346; V. 71, p. 759. The $3,200 ,000
oar trusts of 1901 oover 10 paesenger and 38 freight locomotives,
1,000 steel coal and 500 gondola oars, 500 box oars. They are additionally secured by $833,000 of the general mortgage 4s, which may
be withdrawn as the oar trusts are paid off. V. 72, p. 822.
Latest Earnings.— From July 1 to Feb. 28 (8 months) results were:
;
8 mos.
to
i
—
P.
A
R. Ry.
>
Cross.
Net.
1H04-5... $28,730,969 $10,965,001
8.699.01U
1908-4... 12.761.869
Charges all Coi. 8 mos. 1901-5
1908-4
do
do
Feb. 28.
<
Coal
Cross
$23,182,»14
22,147,783
& Iron.
Read. Co.
AVI Cot.
Net.
$941,621
944,962
$18,608,808
11,749,328
total net.
$6,924,000; balance, sur., $6,679,807
7,0s2,112j balance, sur.. 4,687,210
4 was
See also editorial, p. 996.
1904.
Years Ending June 30.
Railway company—Receipts... $34,939, 396
Expenses (inol. renewals, etc.). 21,148,592
$13,790,804
Net earnings
$35,251,174
Coal & Iron Co.— Receipts
34,018,724
Expenses
$1,232,450
Net earnings
6,849,685
Reading Co.—Net Income
$21,872,938
Net earnings all Cos
14,589,307
Fixed charges and taxes
$7,283,631
Surplus
$14,406,456
Accumulated surplus
(4)1,120,000
Dividends on 1st pref
(3 ^)1.470,000
Dividend on 2d pref
Surp. end of year (all oos.)..$ll,816,456
Annual Report.—Report for 1903
>
Net.
$1,697,385
2,105,848
given at length in V. 79,
p 1019, 1035.
1902.
1903.
$32,429,791 $29,515,534
18,769.998
20,59 3,263
$11,836,528 $10,745,536
$23,279,241 $26,519,530
22,131,248
26,283,203
$236,327
$1,147,993
6,431,711
5,312,129
$19,416,232 $16,293,992
14,359,099
14,465.222
$1,934,893
4,951 ,010
t9,357,623 $4,439,840
(4)1,120,000
(3)840,000
$8,237,623
$3,599,840
Officers.— Pres., George F. Baer; Vioe-Pres, and Sec, W. R. Taylor;
Treas., Richard Tall; Comptroller, D. Jones.
Directors— Joseph S. Harris, George F. Baer, Henry C. Frick.H. T. ?tot«.»bnry. Henry A. Dupont, Henry P McKean, Samuel Dickson, Charles Steele
andil. McK. Twomblr.
,.„
Office-Reading Term. BuUd'g,PhUa.-(V. 79, p. 2748; V. 80, p. 118.)
Rensselaer & Saratoga RR.—Road.— Embraces 192 miles. vi»:
Miles
Miles.
Leased ( Continued)—
Road owned—
15
79 Ft. Edward to Caldwell
Troy to Lake Champlain
Vermont line to Castleton, Vt. 7
Leased—
Troy to Waterford Juno., etc.. 14 Eagle Bridge, N. Y., to Rut62
land, Vt
15
Boheneotady to Ballston
be.— Leased in perpetuity Maroh 1, 1871, to the Delaware A Hudson, which, June, 1901, owned $800,000 of stook; rental, 8 percent
on the stook and interest on bonds. Guaranty on stook, V. 56, p. 773.
Year
1903 4
19 02-3
-(V. 73,
p.
Rentals.
Act (oner taxes).
Cross.
$1,073,321
$522,758
$3,252,255
791.233
1,075,977
3,299,118
337; V. 74, p. 1088; V. 75, p. 342, 1147.)
Bal.,dcf.
$553,563
284,744
Apr., 1905.]
RAILWAY STOCKS AND BONDS.
1627
RAILWAY STOCKS AND BONDS.
1628
RAILROADS.
For explanation of column headings,
on first page of tables.
<fcc,
see notes
Miles
Date
Size, or
of
of
Par
Amount
Road. Bonds Value.
Outstanding
1890 $1,000
1903
1898
1,000
2,300,000.
1903 lOOO&o.
100
1889
1,000
1897
1,000
1890
1,000
6,500,000
2,000,000
2,000,000
2,000,000
4,510,000
82
(Oon.)— Con. M., $500,000, g.Ce.o\fer
General mortgage, $4,000,000
Ric.Fr.ct Pot.
31
d Meek.— 1st M., $315,000, g. (V. 69, p. 391).
Bichmond <t Peter$tmrg—See Atlantic Coast Line RR.
Rxch.
Bich.-Wash. Co.— Coll. Tr., g., go., red. 105.N.c*&r
Bio Grande Junction—Stook
o
1st mortgage, gold, guaranteed. Ce
Bio Or. Sierra M. <t Pac.— 1st M. g.,$20,000 p.m.Ce
Rio Or. Southern—1st mort., g., $2,277,000, guar..
Bio Grande Western— See Denver <fe Rio Gbande.
Boch.dk Genesee Vol.— Stook, 6% rental Erie RR
Bock Island Co.— Common stock. $96,000,000.
Pref. stock, (see text) non-oum., $54,000,000...
62
156
180
100
100
100
18
$500,000
315,000
Bonds— PrinciINTERE8T OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks—Last
Cent.
Payable
Whom.
Dividend.
& O. N.Y., Phila. or Rlohm'd.
& O.
do
do
& N. J. P. Morgan & Co.
4 g.
4 g. J. & D. N. Y., New York Tr. Co.
4Vt In "04 Yearly. 5 N. Y., Malt., Coppell
J. & D. t&Co.,52 William St. )
J. & J.
N. Y. Co.'s office.
4 g- J. & J. N.Y.,Mait.,Coppell& Co
6
J. & J. N. Y.,byErieRR. Co.
—
,
l.OOO&c
1,000
l.OOO&c
l,000&c
1,000
i.obo
100 Ac.
1,000
1,000 Ac
500
5.000
1,000
1,000
1,000
1,000
1,000
1.0)0
Richmond Fredericksburg 6c Potomac RR.—Owns from
Rlohmond, Va., to Quantioo, 79 miles; James River branoh, 3 m. leases
Quantioo to Junotlon, etc., 3 miles, total 85 miles; being double-tracked.
The dividend obligations carry no voting power. Rich. <fe Petersb. Connection RR. stock of $140,000 receives 8 p. 0. dividends under lease.
The R. F. <fc P. RR. guaranteed stock Is seoured by mortgage.
The Rlohmond- Washington Co. (see below) In 1901 took over $947,200 of the $1,316,900 common stock, and "union" line of that company
has been operated by Rich. Fred. & Pot. officials since Nov. 1, 1901.
;
V. 74, p. 149.
Drvs. on stook
<fc>
'94. '95 '96. '97. '98. '99.
6^
Richmond
S
7
7
1900 to 1904.
1905.
Mecklenburg RR.—Keysville,
Va., to Clarkesleased by South. Ry. Co. for 50 years
from Nov. 1, 1 898, for Interest on bonds. (V. 69, p. 391.) Stock, $357,»00 (par $100), of which $300,000 owned by 80. Ry.Co.— (V.71,p. 1121.)
See Atlantic Coast Line RR.Co.
Richmond 6c Petersburg
Richmond* Washington Company.— Controls a "union" line
Washington, D. C„ to Richmond, Va., 115 miles, In the Joint interest of
Ohio RR.,
the following roads, viz., the Pennsylvania RR., Baltimore
Atlantic Coast Line Co., Southern Ry., Seaboard Air Line Ry. and
Chesapeake <fe Ohio Ry., each of which owns one-sixth of the $2,670,000 oapital stock; operation be*gan Nov. 1, 1901. The entire roadls to
be double-tracked. V. 75, p. 78. Dividends In 1902, 3 p. 0.; 1903, 4 p. e.;
1904, 4 p. 0.
Incorporated on Sept. f 5, 1901, and acquired $947,200 of the voting
capital stock of the Richmond Frederioksburg & Potomao RR. and the
-entire stock of the Washington Southern Ry., extending from the south
end of Long Bridge across the Potomao River to Quantioo, 36 miles.
The oollat. trust 4s of 1903 ($11,000,000 authorized Issue), are
guaranteed, jointly and severally, principal and interest, by the six
roads named above; of the bonds $6,500,000 have been sold for
double-tracking and improvements. V. 77, p. 629, 695; V. 78, p. 584,
1393. See list of collateral and form of guaranty, V. 77, p. 2391. Cal.
year 1904, int. on Investments and deposits, $304,909; Int., taxes, etc,
$235,760; dlvs. (4 p.o.), $106,800; bal., def., $37,651.— (V. 78, p. 1393.)
Rio Grande Junction Ry.—Owns road Rifle Creek, Col., to a
connection with the Denver & Rio Grande at Grand Junotlon, 62 miles.
This Is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland Bailway and Denver <fe Rio Grande at 30 p. o. of gross earnings, whloh companies jointly and severally guaranteed the bonds, prin. and int. First
dlv., 1898, 80ots.; 1899, $1 20; 1900, $1 96; 1901, $3 75; 1902. $4; 1903,
$3 90; 1904, $4 25. Year 1902-03, gross, $593,366; rental, $178,010.—
(V. 66, p.237; V. 78, p. 2385.)
ville, Va.,
6c
31 miles.
Road
is
RR.—
&
RR.—
Rio Grande Sierra ITladre 6c Pacific
Organized In Mexico In 1896; incorporated In N. Y. State in June, 1897, being oompleted
from Cludad Juarez via San Bias Mountains, Lake Guzman. Sabinal
and San Pedro mining region, to Terrazas, 162 miles. In Oct., 1904,
the road was sola to W. O. Greene (President of the Greene Oonsol
ldated Copper Co.) and associates, an extension being under construction from Terrazas to Deldriok, 135 miles. V. 79, p. 1462, 2086,
2458; V. 80, p.illl2. Capital stock Is $3,120,000 ($20,000 per mile)
and bonds are authorized at $20,000 per mile, of which $2,000,000
issued for construction to July, 1898.
President, W. C. Greene; Treasurer, E. J. Gates. Office, 24 Broad
New York.— (V. 80, p. 164, 1112.)
Rio Grande Southern RR.— (See Map Denver <£ Bio Grande.)—
Owns narrow-gauge road, Ridgeway, Col., southerly to Durango, 162
St.,
and bracohee, 18 miles. Stock, $4,510,000; June 30, 1904,
$2,255,600 owned by Denver & Rio Grande. See V. 63, p. 404. Mortgage abstract V. 54, p. 163, and application to N. Y. Stock Exchange
in V. 54, p. 446. Of the bonds, $2,277,000 are guaranteed by D. & R. G.
V. 70, p. 791. See guaranty, V. 70, p. 1295.
Earnings—For 8 months ending Feb. 28:
Gross.
Net.
8 months.
Oth. inc.
Charges.
Balance.
1904-5
$324,003 $160,396
$5,928 $145,456 sur.$20,868
1903-4
312.507
132,543
6,222
144,740 def
5,975
For year ending June 30, 1904, gross, $461,566; net, $192,010;
other income, $6,379; Interest, taxes, etc., $216,616; defloit for year
$18,227. In 1902 03, gross, $553,554; net, $278,157.— (V. 71, p. 389.)
See Denver & Rio Grande RR.
Rio Grande Western
Rochester 6c Genesee Valley
A von to Rochester, N. Y., 18
miles. Leased July 1,1871, in perpetuity to Erie Ry. Rental, $34,012.
miles,
RR.—
RR.—
— (V. 79, p.
2458.)
Apr.
Apr.
M.
Nov.
1,
1,
1,
June
1,
555,200
89,031,200
48,690,200 4in"i904
& N.
& S.
& J.
& J.
M. & N.
A & O.
J. & J.
A. & O
J. & D.
A. & O.
A. & O.
J. & D.
J. & J.
J. & J.
J. & J.
J. & J.
M. & N.
F. & A.
A. & O.
M.
J.
J.
413
8*
5
5
7
6
5
5
6
5
5
4i«g.
Checks mailed
do
do
Q.—F.
M.
69,557,475
17,309.000
12,500,000
61,581,000
19,422,000
16,154,000
7,500,000
1,000,000
6,500,000
1,905,000
11,000,000
150,000
450.000
5,500,000
3,525,000
355,000
5.411,000
510.000
1,100.000
1940
1943
1948
1943
Feb.ll,'04,4i«
Deo.
July
July
1939
1917
1940
1,
l,
1,
Jan., 1905,
3%
May
1%
1," '05",
N. Y., First Nat. Bank Nov. 1, 2002
New York.
Sept. 1, 1913
N. Y., First Nat. Bank, July 1, 1917
do
do
Jan. 1, 1988
May, 1906-18
do
do
do
do
Apr. 1, 1934
do
do
July
1907
1924
1906
Oct.
1921
Apr.
1934
June
1927
July
1925
Oct. 1, 1919
Jan. 1, 1949
July 1, 1919
May 1, 1952
To Aug., 1908
April, 1906-10
Chicago.
Oct.
N. Y., First Nat. Bank. June
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1,
1,
1,
1,
1,
1,
1,
Rock Island Co.— (See Maps, pages 1632, 1623.)— Incorporated
New Jersey on July 30, 1902, and acquired, per plan V. 75, p. 240,
the entire stook ($145,000,000) of the Chic. R. I. & P. Bailroad (new
co.), whose bonds, together with the stooks of the Rook Island ComSany, were Issued In exchange for (1) $69,557,400 of the $74,817,100
hioagoR. I.& Paoiflc Railway— which see, and (2) per plan (V. 76, p.
1408, 1406), for over 99 p. o. of the $29,000,000 St. Louis & San Fran,
common stock. The Rock Island interests (through Chic. R. I. Pac.
Ry.), jointly with Union Paoiflc, control Chloago & Alton. V. 79, p.
1462, 2206.
Road.—The road, olearly shown on accompanying maps, inoludes
In
A
6^
Jan., 4**
7
8 yearly.
7
BONDS-Of the gen. 3^s of 1903, due Apr., 1943 ($1,000,000 authorized), to be Issued for double-tracking and improvements, $3,500,000
have been or are to be acquired and placed under the Richmond-Washington Co. mortgage, the remaining $500,000 being reserved to retire
the oonsol. 4>a8 at maturity; $2,300,000 were outstanding June 30,
1901. See V. 77, p. 2388, 2391.
Gross, $936,814; net, $285,560
Earnings.— 8 months, 5 1901-5
July 1 to Feb. 28.
Gross. 890,726; net. 270,472
U903-4
Report.— Report for year ending June 30, 1904, was in V. 80, p159, showing, gross, $1,522,331; net, $500,831; other Income, $12,270;
charges, $112,572; dividends, $191,112; extraord. exp., $112,582;
baL, sur., $96,834. In 1902-3, gross, $1,338,904; net, $398,383; other
income, $10,968— (V. 77, p. 629, 2388, 2391; V. 78, p. 769; V, 79, p.
2457, 2748.)
dlv. oblig. p. 0.
A.
A.
4iflg.
Bonds of System.
1902
Ch. R. I. & P. RR. col, tr. M.. $75,000,OOOCe.o*&r
1903
Ch. R. I. & P. RR. ooL tr. M., red. at 102»s.Ce.o*
C.R.I.& P.Ry.lst M.,Ch.,ni.,to Coun.Bl.&br.Csc* 764 1877
o*&r 3,168 1898
General mort $100,000,000, gold,.Oe
1902
Col.tr. M.,g.,8er.DtoP,dney'ly,red.l01 13.Ce o*
Ref. M. $163,000,000, g., red. to 1911.Ce. c\fcr Text. 1904
1904
Notes sec. by dep. $11,250,000 ref. bds.red.102
1904
1st mort. on Elevatoi, $1,000,000, g., red. par
365 1876
Burl. C. R. & No. 1st M., lawful money F...o*<fcr
293 1881
C. Rap. I. F. & N.W., cons. 1st M., g., guar.Ce..o
B.C. R.& No. oon.lst M. <fe ool.trust, gold F.o*&r 1,392 1884
12 1877
Mlnneap. & St. L., 1st M„ gold (assumed) fe
Rook Island & Peoria, oonsol. 1st mortgageUIpr 113 1885
283 1894
Choo. O. A G., gen. (now 1st) M., $5,500,000, g.c*
Choo. & Mem. 1st M., $3,750,000, ass'd.GPcfcr 282 1899
1899
m
L. Rock Bridge 1st M.,ass*d,g.,red.(text)GP.o*
962 1902
Consol. M. (see text), $30,000,000, gold GP.e*
1901
Ser. B, $70,000 s.a.to Aug. '06, then $75,000.GP
1902
....
Ser. C, $1,750,000, April, y'rly, be gin. 1903.GP
[Vol. lxxx.
mu»
Miles
over-
under
Total
mile
constr.
aoe.
Isl. System—
ated.
Chic. Rocfclsl. & Pao
5,761
Chic. Rock Isl. & El Paso.. Ill
Rock
Rock
&
Gulf
387
St.L.K.C.&C. and.K. C. R.I. 298
Chic.
Isl.
31
41
70
..
Frisco Systkm—
& San Kranclsco..
St. L.
over.
.4,018
1
Ft.
Worth & Rio Grande.
152
457
299
St,
L. San F.
6,79
*
198
Texas.etc. 1142
111.... 758
So. Bast.
681
Chicago* Eastern
St. L.
Mem. &
. .
*7,699
Total Rock Island ... *7,657
142
Total Frisco
6.769
• Includes leased lines and trackage. 859 miles. S Includes Red River Tex. *
Southern, Paris 4 Gt. Northern, Blackwell Enid & Tex. and Okla. Cut 4 Tex.
Friendly interests control tbe Evansvllle & Terre Haute. 331 miles-
Stock.— Common stook authorized $96,000,000; preferred $54,000,000. The stock of the controlled companies issued and aoquired, and
the amounts of Rook Island Co. stock therefor, follow V. 76, p. 1408.
lotal
Total
—Roefc III. Co. issues.-*
:
issued.
Chicago Rock Island* Pac. Ry .$75,000,000
San
F.Ry.
com.
stock.
29,000,000
8t.Louls<fc
Total
1104,000,000
acquired.
$69,557,400
28,634,900
$99,193,800
Balance
TotalJune
30, 1904
Common.
169,557,475
19,328,557
$88,886,032 148.690,200
7,113,968
5,309,800
$96,000,000
The preferred stock
Preferred.
$48,690,200
$64,000,000
preferred as to oapital and also as to noncumulative dividends at the rate of 4 p. 0. yearly for 1903 and thereafter to and Including 1909, then 5 p. 0. for 1910 and thereafter to
1916, inclusive, and thereafter 6 p. 0. The preferred stockholders are
entitled to eleot a majority of the directors. The authorized amount
can only be Increased with the consent of two-thirds of each olass.
Dividends.— Dividends on pref., Feb., 1903 to May, 1905, both inclusive. 1 p. 0. quar. (Q.-F.)
Bonds.— As to Chlo. R. I. & P. Railway refunding mortgage of 1904,
of which $25,558,000 was sold in Nov., 1904, see that company and V.
78, p. 228, 234; V. 79, p. 1716, 2206.
Official Statement.—As to securities, rights of shareholders, etc.
see V. 75, p. 1157.
Earnings —For results of operations of the Chicago Rock Island <fc
Paoiflo Ry. and its leased and auxiliary lines (forming the "Rock Island system") and of the St. Louis & San Francisoo lines (Frisco system), see those oompanles In this Section; also the Chicago & Eastern
Illinois. The reports of the oompanles named were given in the
Chronicle of Oct. 22 and 29, 1904.
The combined income account of the Rook Island Co. and the ChlPaciflo Bailroad for the year ending June 30,
oago Rook Island
1904 (see report V. 79, p. 950), is as follows :
Dividends on Chlo. R. I. & P. Ry. stock owned
$5,564,592
64,817
Other income
Total income
$5,629,409
Expenses and taxes
$56,924
3,495,113
Int. on C. R. I. & P. Bailroad bonds
Dividends paid (4 per cent)
1,947,608 —5,499,645
Balance, surplus
$129,764
Officers.— Chairman of Board, W. B. Leeds; President, Robert
Mather Treasurer and Secretary, D. G. Reld: Vice-President, Assistant Treasurer and Assistant Secretary. George T. Boggs.
Directors— W. B. Leeds, Wm. H. Moore. D. G. Reld. F. L. Hlne. Geo. G. MoMurtry, James Speyer. D. G. Boissevaln and Ogden Mills, New York iv
R. Cable, Robert Mather, James H. Moore and Marshall Field, Chicago; B.F.
Yoakum, 8t. Louis; H. C. Frick, Pittsburg, Pa.; Geo. T. Boggs, East Orange, N. J.
Finance Committee— Wnr>. H. Moore. Chairman: James Speyer, W. B. Leeds,
D. d. Reld. J. H. Moore, F. L, Hlne and Marshall Field
N. Y. offioe, 71 Broadway.— V. 79, p. 2797; V. 80, p. 118.)
Rock Island 6c Peoria Ry.—See Chicago Rook Island & Paoiflo
Ry. Leased by the Chicago R. I. & Paoiflo for 999 years from June 1,
1902, for fixed charges and 6 per cent on the stock, the C. R. I. & P. in
1903 acquiring title by deed, the $9,700 stook unexchanged for Its own
stook being guaranteed dividends at 6 per oent yearly, payble J.AJ.
Owns road from Rome to Clinton, N. Y.,
6c Clinton
13 miles. Organized In 1869. Leased in perpetuity in 1891 to Delaware
& Hudson Canal Co. and operated by N. Y. Ontario & Western.
Is
&
;
;
Rome
RR.—
6c Ogdensburg UK.— (See Map New York
Hudson River Railroad.)—Owns from near Niagara Falls to
Rome Watertown
Central
<&
Massena Springs, N. Y., 301 miles, less 27 miles, Rlohland to East
Oswego, leased from the Oswego <fe Rome RR. and Suspension Bridge to
Lewiston Jet., 9 miles; and trackage to Suspension Bridge, 2 miles;
Richland to Rome, 41 miles; branches to Cape Vlnoent, Ogdensburg,
Pulaski, Fulton, etc, 110 miles; total owned, 414 miles. Leases Utlca
& Black River Railroad ($1,120,000 of $2,223,000 stock owned), Utioa
to Ogdensburg, and Clayton branoh, 150 miles Oswego & Rome Rail;
:
Apr., 1905.
:
.
RAILWAY STOCKS AND BONDS.
J
RAILROADS.
For explanation of oolumn headings, Ac,
on first page of tables.
see notes
mortgage
Syraouse Phenlx & Oswego 1st mortgage.Me....
Norw'dA Mont. 1st M.,g., $360,000; $10,000 p.m.
o*
R W. & Og.Term. RR. 1st M., gold, assumed
Osw. & Rome, 1st M.7s ($350,000) and 2dM.5s.gu
Utioa & Bl. Riv. st'k, 7 p.o. perpet. gu. by R.W.&O
Oswego Bridge Co.
1st
Date
Size, or
of
Par
100
100
97
All
1855 100 &o
1874
1,000
1885
1885
1886
1888
1,000
"l7
13
7
28 '65-91
150 '68-71
150 1890
U. & B. R. 1st M., $2,000,000, g., gu. p.&i. .Ce.o
120
Rutland—Stock, preferred (for com. see text)
120 1891
First oonsol. mort. for $3,500,000, gold.Us .o*<fcr
127 1898
Ogd. & L. Ch. 1st M., $4,400,000, g., assu.Ce..o*
Rut. -Can.— 1st M., g., assum.,$l,350,000.OB..0* 43 13 1899
59 1897
Bennlng & Rutland— 1st ref.M. g., assumed. JV.oT
59 1900
2d M., gold, assum., subj. to call aft. 1901 Co.o*
58 1901
Ohath.&Leb.Val. 1st M., $500,000, g.,p.&i.,gu.S
1901
Equipment trusts, g., maturing $33,000 yearly..
1902
Equip, tr. $1,000,000, g., $100,000 y'ly.AB.CAr.
Ogdensburg.Term.Co. M.,int.gri.,8.f.$10,000 y'rly
7
Rutland <& Whitehall RR.— Stock (no bonds)
66 1900
Sag. Tuscola dt Huron— 1st M.,g.,gu.,p.&i., end.N.o*
131 1894
St. Johnsb. dkL.Ohampl.— IstM. ($1,328,000 gu.)g.C
1902
8t. Johns River Term.— 1st M. $2,000,000 N
St. Jos. <& Or. Isl. By.— 1st pf. stock, 5%, non-cum.
Ceo*&r 251 1897
1st mortgage, gold
1904
Equipment notes, gold, due $40,000, semi-ann
"43 1896
M„
Adirond.
Ry.—lBt
$800,000, g.N.,o*
8t. Law. dt
43 1896
2d mortgage, $400,000, gold. N
142 1904
St.L.Sr.d Mex.— 1st M., $4,000,000. red.par.SSt.o*
.
.
1,000
100
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
"Too
1,000
1,000
"Too
1,000
1,000
1,000
1,000
1,000
road ($202,200 of $214,900 stock owned), 27 miles, and Niagara Falls
Branch RR., 9 m.; Carth. Watert. & Saok. Harbor, 29 m.; total, 629 m.
Lease.— In 1891 leased during corporate existence and renewals to
N. Y. Central, which assumes the debt and guarantees 5 p. o. on stock;
faranty, see V. 52, p. 463. Utica <£ Black Biver is leased in perpetuity,
per oent on stock guaranteed.— (V. 72, p. 1238.)
Rutland RR. —Controls Rutland Transit Co., and operating steambetween Ogdensburg and Chicago, Duluth,
etc.
Operates passen-
Noyan Jet. over Quebec Southern and
Canadian Paoiiio, and to Troy and Albany over Boston & Maine and
RR. V. 75, p. 1029.
Hudson
River
Y.
Central
&
N.
Leased, etc.—
Miles.
BB. Lines Owned.
Lines to Tioonderoga, etc,
Bellow's Falls, Vt., to Ogdensburg, N. Y
283
Total operated
Rutland, Vt. to Chatham ,N. Y. 1 14
415
Owns entire $100,000 stock and $100,000 4 p. 0. bonds of Rutland &
Noyan RR., entire $1,000,000 stock of Rutland Transit Co. and entire
$300,000 stock of Ogdensburg Terminal Co. V. 75, p. 1029. (V. 73,
ger trains into Montreal from
V. 72, p. 88, 822.)
In Jan., 1905, the N. Y. Central * Hudson
River RR. acquired control. V. 80, p. 223.
Stock.— In July, 1904, all but $199,400 common stock had been exchanged for pref. ten of common for one of pref. V. 72, p. 439.
Dividends ) Year '92 to '95. '96. '97. '98. '99. '00. '01. '02. 1903. None
on pref.. 5 P.O. 4 yearly.
3
1
since
Accumulated dividends on preferred said to aggregate 130 per cent.
Bonds.— Rutland-Canadian mortgage is for $1,350,000 (see advt. In
Chronicle of July 15, 1899). In 1902 $1,000,000 419 per cent equipment bonds were sold. V. 74, p. 728. Of the amounts shown in the
table above as outstanding there were in the Rutland treasury June
30, 1904,$500,000 Chatham & Leb. 4s, $50,000 Ogdensburg Term. 4s.
Earnings,— For 6 months ending Deo. 31
6»w>».
Oross.
Net.
Other ine. Charges. Bal.,sur.
1904
$1,352,073 $529,767 $23,070 $354,423 $198,414
1903
1,329,489
496,978
23,877
356,797
164,058
Report.— Report for year 1903-04, in V. 79, p. 1701.
tears Ending June 30.
190304.
1902-03.
1901-02.
Gross earnings
$2,414,452 $2,376,563 $2,134,382
Net earnings
768,928
717,767
763,090
Total net inoome
817,991
824,249
923,016
Deduct—Taxes and rentals
89,957
90,845
86,548
Interest on bonds
513,432
534,468
491,041
Interest on loans.
1,229
49,012
Sink.fund for equip, b'ds.
100,000
100,000
33,000
Speoial imp't items
103,043
Div. on pref stock
(1%)90,576 (3%)261,728
p. 437;
212234
.
Balance, surplus
$11,559
$7,131
$1,686
Directors— W. H. Newman (President), Wm. K. Vanderbllt. Fred'k W. VanderbUt, H. McK. Twombly. J. P. Morgan, William Rockefeller, James Stillman
and Chauncey M. Depew, New York; Percival W. Clement, Rutland, Vt.; W.
Seward Webb, Mornsville, Vt.; Fletcher D. Proctor Proctor, Vt.; Olin
Merrill. Enosborg Falls, Vt.; Robert Treat Paine 2d, Boston, Mass.
-(V. 77, p. 2033; V. 79, p. 1 701, 1950; V. 80, p. 223, 473.)
Rutland
Vt.,
RR
Whitehall
RR.—
Owns N.Y. State line to Castleton,
1870, in perpetuity to Rensselaer <fe Saratoga
(rental $15,342— 6%—on stook) and so operated by Del. & Hudson
ic
7 m. Leased Feb.
1,
Sasinaw Tuscola <t Huron.— Owns Saginaw, Mich., to Bad Axe,
66 miles. Stock, $600,000 par, $100. In year 1898-9, gross, $147,448; net, $45,644; other income, $5,495. Leased to Pere Marquette
RR. for 999 years from Feb. 1, 1900, for guaranty of principal and
interest of bonds (form V. 71, p. 30) and maintenance.— (V. 72, p. 88.)
;
St.
Madison & St. Louis Relt RR.—See Missouri &
& Belt RR.
Johnsbury & Lake Champlain RR.—Owns Lunenberg,
Clair
Illinois
St.
Vt., to
Bridge
Maquan Bay, on Lake Champlain, 120
and branoh 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
6
ton & Lo well, leased to Boston & Maine. Notes payable June
It. S°^
30, 1904, $263,450, Stock, common, $2,550,000; pref., $1,298,500;
miles,
;
par of shares, $50. In year 1903-04, gross, $346,337; net, $37,436; def.
under charges, $40,979.
t Jo se
Grand Island Ry,- Line of Road— St. Joseph,
iw? \ Grand
Island, Neb., 251 miles. Trackage, St. Joseph to Gower,
SJ"™
Mo.,20 miles, and Gower to Kansas City, 41 miles.
PK*
,
Feb. 23, 1897 (per plan in V. 62, p.
-ra^o^A^T^. reorganization
8t> J & Grand Island Bailroad, sold in foreclosure,
?T„i„
o ?£ ,interests
union Paoluo
are understood to be in control. V. 75, p. 907.
-
8
00,™;"1011 4 600 000
a*
$3,500,000; 1st pref.,
pref. 4
c, non- cumulative,
^ $5,500,000 2nd
(see table above); par $100.
*™^™
'
Dividends
'
p.
;
1902. None
1901.
5
sinoe.
5
<
8
8t "???• mt erest was 2 p. o. till Jan. 1, 1899; then 3 p. o.
«i? i^ 'r"T«£o
1 02 and thereafter 4
p. 0. Bonds for $500,000 reserved
Sri ., 8
"' new oompany cannot be issued to exceed $100,000 yearly,
J
u be 80ld only for nft w mileage at not exceeding
.,
12 nno per mile.
°?,r
$6,000
Mortgage is for $5 ,000,000. Seelistingin V.64,p. 1138.
On
',™
(p. 0.)
1st pref
H
'
)
I
1898.
5
1899.
3
1900.
3
1629
Bonds—PrtndINTEREST OR DIVIDENDS.
pal.When Due.
R„ t(, nAr
When
6
Where Payable, and by Stocks—Last
Road Bonds Value. Outstanding r®? Payable
Whom.
Dividend.
Miles
of
Borne <& Clinton—Stock (rental guaranteed)
Borne Watertownd Ogdensburg— Stoo^, guar, (end.)
1st M.,Wat. & R.,Rome to Cape Vin.,s.f..not dr'n.o*
Consoi. M.(int. only in gold,$500,000 are 3>ss)F.o,
ers
:
Amount
I
6H
$345,360
J.
&
by check. Jan., '05, 3i«%
Or. Cent. Station. Nov.15,'05.11*
do
do
Sept. 1, 1910
J. Clinton, N.Y.,
Q.— F.
5
10,000,000
M. & 8.
6
417,800
9,576,000 5&3)fl A. & O.
F. & A.
6
100,000
F. & A.
175,000
6
A. & O.
130,000
f g
5
375,000
g. M. & N.
Various
750,000
M. & S.
7
1,103,000
1,950,000
4g. J. & J.
9,057,600 1 in 1903 J. & J.
4iflg. J. & J.
3,490,200
4,400,000
4g. J. & J.
1,350,000
4 g. J. & J.
500,000
4!ag. M. & N.
500.000
5 g. M. & S.
500,000
4g. J. & J.
4 lag. M. & N.
313,000
4isg. A. & O.
800,000
J. & J.
120,000
4
.-F.15
6
255,700
1,000,000
4g. 9. & A.
2,500,000
5g. M. & 8.
4
J. & J.
1,000,000
5,500,000 5 in 1902 J. & J.
3,500,000
4g. J. & J.
5 e. M. & N.
320,000
J. & J.
800,000
§ g A. & O.
400,000
g
t g. M. & N.
1,063,000
5
N.
Y,
do
do
do
do
do
do
do
do
Company's
-
5g&7
do
do
do
do
do
do
do
do
July
Feb.
Feb.
Apr.
May
May
1,
1,
1,
1,
1,
1,
1928
1915
1915
1916
1918
1915
Mar.30'05,3i«
July 1, 1922
office.
Jan.15,'03,1%
N. Y., First Nat'l Bank, July 1, 1941
do
do
July 1, 1948
Boston, City Trust Co. July 1, 1949
N. Y., First Nat'l Bank, Nov. 1, 1927
do
do
Moh. 1, 1920
do
do
July 1, 1951
do
do
Nov. 1, '05-'12
do
do
Oct., 1905-17
Rutland, Vt., Ol. N. Bk.
Troy, United Nat. B'nk. Feb!i5V'65,|l»t
N. Y., Seour'y & Tr. Co. Feb. 1, 1931
Boston, Comp'ys Office. Mch. 1, 1944
New York.
July 1, 1952
N. Y., Central Trust Co. Julyl5,'02,2ig
N. Y.. Central Tr. Co.
Jan. 1, 1947
First Tr.& Sav.Bk.Chlc. Nv.'05-My,'09
N. Y., Secur'y & Tr. Co. July 1, 1996
N. Y. Colonial Trust Co. Oct. 1, 1996
St. Louis, Mo.
Nov. 1, 1910
"
,
-
In May, 1904, $400,000 5 p. 0. equip, notes were issued. V. 78, p. 1783.
Bills payable June 30, 1904, $415,000.
Latest Earnings.— 8 months ending Feb 28
8
months—
Gross.
Net.
Int., tax., etc. Bal.,sur.
1904-5
1903-4
$823,848 $175,151
$170,608
$4,543
926,435
171,903
156,661
15,242
Annual Report.— Fiscal year ends June 30. Report for 1903-04,
with balance sheet, was in V. 79, p. 2201, showing, gross,
$1,314,220; net, $237,575; interest and taxes, $234,473; balance, surplus, $3,102. President, W. T. Van Brunt; Treas., Graham G. Lacy;
Seo'y, Francis W. Russell, St. Joseph. Mo..— (V. 79, p. 1462, 2201.)
Owns South B end.
St. Joseph South Rend
Southern
Ind., to St. Joseph, Mich., 39 miles. Stook, $500,000 common and
$250,000 5 p. 0. pref. Leased to Indiana Illinois & Iowa RR. for 50
years from Feb. 23, 1900; 5 p. c. per annum on pref. and 2 p. o. on
common are paid Mar. 15 and Sept. 15. No bonds.— (V. 73, p. 554.)
St. Lawrence
Adirondack Ry.—From Malone, N. Y. (on
Mohawk & Malone) to Adirondack Jot., 56 miles, connecting there with
the Canadian Paoiflo at its St. Lawrence River bridge, Montreal. In
Jan., 1905, the N.Y. C. &Hud. Riv. RR. acquired control. V. 80, p. 223
Stock $1,615,000; par of shares $100. Dividends, 2i« p. 0. paid Sept.
1,1901; in 1902, March, 2hi p. c; in 1903, July, 3 p. c. Current
liabilities June 30, 1904, $26,773
equipment trusts, $55,156.
Earnings.—For 6 months ending Deo. 31
Oross.
6 mos.
Net.
Other ine.
Charges. Bal., sur.
&
RR.—
&
;
1904
$155,932
$82,933
$31,017
$311
$52,227
1903
130,996
53,010 def.1,095
51,537
378
In 1903-4, gross, $266,990; net, $111,211; other income, $658;
charges, $103,334; bal., sur., $8,535.
In 1902-3, gross, $269,697;
net, $153,607. President, W. H. Newman.— (V. 80, p. 223.)
St.
Tex.,
& Mexico Ry.— Owns
Louis Brownsville
Brownsville,
on Mexican boundary line northerly to Robstown, 141 miles,
opened July, 1904; branch from Harlingen to Fordyoe. 56 miles, was
opened in Dec, 1904. Extension is under construction from Robstown
to Bay City, 142 miles; extension is proposed from Robstown to Sinton, 23 miles, and to San Antonio; also branohes from Bay City to
Houston and from Chenango to Galveston, 260 miles. See V. 77, p.
350; V. 79, p. 1024. V. 80. p. 652. B. F. Yoakum of St. Louis and San
Francisco and associates are in control. Stock authorized, $3,850,000;
outstanding March, 1905, $1,221,500. Bonds are issuable at $7,500
per mile; V. 80, p. 1236. Pres B.F.Yoakum; Sec, H W. Adams;
Vioe-Prest., R. J. Kleberg; 2d V.-P. and Gen. Mgr., Jeff N. Miller, Kings,
T3xas.-(V.79, p. 1024, 1206; V. 80, p. 652, 872, 1175. 1236.)
St. Louis
Ohio RR.— (V. 70, p. 532.)
Cairo
See Mobile
St. Louis El
&: Western Ry.— Guthrie to El Reno. O. T.,
42 miles, opened in June, 1904. Extension is proposed from Guthrie
to Peru Jot., Kan., 120 miles, and from El Reno to a point near Hobart,
75 miles. Stock, $1,240,000. Bonds are subject to call at 102*1! on any
interest day, beginning July 1, 1913, or at anytime at par if an extension is arranged at a lower rate of interest. V. 77, p. 350. President,
J. C. Van Riper, East St. Louis, 111.; Treas., R. L. Rinaman; Secretary,
Lewis T. Tune— (V. 77, p. 350.)
St. Louis Iron Kit,
South. Ry.—See Mo. Pac. Rt. System.
Forest Park (St.
St. Louis Kansas City
Colorado
Louis) to Kansas City, Mo., 291 m.; branoh, 1*4 m.; trackage. Forest Park
to Union Station, St. Louis, 4 m. In May. 1902, the Chic. R. Is.
Pac
Ry. acquired the road. V. 76, p. 159; V. 74, p. 938; V. 75, p. 136, 794;
V. 78, p. 768. Stock authorized, $20,000,000; outstanding Feb., 1905,
$3,644,800; par, $100. President, B. L. Wlnchell, Chicago, 111.— (V. 75,
p. 78, 136, 794.)
St. Louis
Extends from St.
Southeastern
Louis, at a connection with the St. Louis
San Fran. RR., to Luxora,
Ark., 242 miles; Cape Girardeau, Mo., southerly to Leeohville, Ark.,
118 miles; branches, 321 miles; total mileage owned, 681 miles. Stock,
$18,500,000, all owned by the St. Louis
San Francisco.
Bonds.—The 4ifl8 of 1904, guaranteed principal and interest by
the St. Louis
San Francisco ($16,000,000 authorized), issued
per plan V. 78, p. 1908, are a first lien on 681 miles of road, and
are further secured by a five-year traffic agreement with the St. Louis
ville,
&
RR.—
&
Reno
&
RR.—
&
&
Memphis &
&
RR.—
&
&
& San Francisco and Chicago & Eastern Illinois. Old bonds outstand
lng additional to these were in July. 1904; $60,000 St. Louis Kennett
& Southern 6s, due Sept. 1, 1921; $54,000 Pemiscot Railroad 6s, due
Oot. 1, 1914; $65,000 Kennett & Osceola 5s, due June 1, 1917; $20,000 80. Mo. & Ark. 5s, due 1939; other bonds, etc., assumed, $14,300
total, $213,300.
Officers.- President, A. J. Davidson; Vioe-President and General
Manager, R. R. Hammond.— (V. 75, p. 291, 1088 1148.)
St. Louis Merchants' Bridsje Terminal Ry.— Organize
noN.— Double- traok road from near Union Depot, via Main Street, Hall
Ac, to Ferry Street, opposite the Merchants' Bridge, 7 miles. It
owns and controls the Madison 111. & St. L. Ry., connecting the town
of Madison and East St. Louis, 8 miles total, 15 miles. Leases MerStreet,
;
chants' Bridge for interest on the Bridge Company's $2,000,000 bonds.
As to litigation, V. 77, p. 299, 512.
Stook authorized, $3,500,000; issued to Jan. 1, 1904, $2,939,500;
par. $100. On Dec. 31, 1903, there was due to Terminal HR. of St. L.
$1,333,489 for advanoes under its guaranty. In Nov., 1893, Terminal
RR. Association of St. Louis guaranteed by endorsement the principal and Interest of its $3,500,000 first mort. bonds and the interest on
RAILWAY STOCKS AND BONDS.
1630
|
Vol. lxxx.
Bonds— ITinol-
INTEREST OR DIVIDENDS.
.RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable and by pal.When Due.
of
Par
For explanation of column headings, Ac, see notes
of
Stocks— Last
on llrst page of tables.
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
Dividend.
8U Louis <t Cairo— See Mobile & Ohio.
St. Louis Bridge - See Term. RR. Ass'n of St Loots.
St. L. El Reno <£ TT.-lst M..$1.240,000,g., red. text
Notes for Ark.Val.
1903 $1,000 $1,240,000
4 g. J. & J.
1904
15,679,000
4*2 g. J. & D.
1890 500 Ac.
3,500,000
g A. & O.
1889
1,000
2,000,000
F. & A.
i
1900
1,000
3,065,500
5 8. J. & J.
100
29,000,000
......
100
5,000,000
Q.-J.
100
16,000,000 4 In 1901 Q.-M.
100
13,510,000
lg. 0..-J.
100
7,217,800
10 g. J. & J.
100
6.211,700
6g. Q.-J.
1901 l.OOO&o a59,02 1,000
J. & J.
1904
1,000
5,000,000
» g- J. & D.
1903
1,000
6,892,242
4*ag. J. & D.
1905
F. & A.
3,500,000
4ifl
294
Mo.&W.Dlv.lBtM.,g.,$5,0O0yearlydr.atl05..c*
82
101
St. L. & San F. col. trust gold, s. f not drawn Us.o"
Gen.M.jg.(lston365m.)$3,681,OOOare6s.i;sc* 986
64
Collat. Trust mert. on branohes, gold.T- n....o*
OonsoL mort., $50,000,000, gold, no optlon.Iffe 2,393
Southwest Div. M. $1.500,000red.atpar, g.Ceo* 112
Cent.Dlv.lst M., g, $3,462,000, red. at 102V N.c*
103
Northwestern Division mortgage.N
106
o*
145
Bt.L.Wich.&W. 1st M.. red. at 105, gold
o*
F. Worth & R. Gr. 1st M., g., old 5s, Int. red.Ce.o*
146
Blr. Belt 1st M., g., red 102ia, gu.D.&i.end.OB.o"
16
1876 100 &c.
1879
1.000
1880
1,000
1881
1,000
1887
1,000
1896
1,000
1897
1,000
1899
1,000
1900 500 &o
1879
1,000
1888
1,000
1902
1,000
M.dS.
E — 1st M., $16,000,000,
p.&i.red.N
8t. Louis Kerch. Br. Term.— 1st M., gu.p.&i.,g.SSt.c
Meroh.B'gelstM.,red.aft.Feb.l, 1909, at 1 lO.SSt
8t. L. dt No. Ark.— 1st M., g., $25,000 p. m.text.Us
Bt.L.
g.,
A
42
674
-
126
San Fran.—Com. stock, $64,000,000 1,691
Louis
1st pref. stock, 4 per cent, non-oum., $5,000,000 1,691
8t.
1,691
4% n.-cu. $31,000,000
M. pref. stock tr. ctf s., $15,000,000,gu
K.C.F. S.
C.&E.I.com.Btk.tr.cfs.,$7,217,f00,g.gu.re.p*rCol
do pref. do $6,830,700, g.,gu.,red.par.Col
Refunding mort., gold, $85,000,000. HIo
o*<fcr 2,589
2dpf.
stk.
&
& S. E.
L
Coll. tr. notes, red. sec. by St.
M.
CoL tr. notes (St. L. S. F. AN. O.), g.
stk..
red.par.No
& W. $4,500,000 auth.red.par
Bonds underlying refunding 4s.
2d mortgage (now 1st), Series A, B & O, gold
.
222
.
,
"
2,050,300
129,000
195,000
9,484,000
439,000
1,558,000
829,000
145,000
47,000
304,000
2,923,000
1,000,000
in Oct., 1904, $20,000 Southern Missouri <te Arkan sas bolnds wer e outstandin
of $20'),000 additional deposited in epe oial tr lusts. Fo r underlying
a Exclusive
$2,000,000 Merchants' Bridge 6s.
years at 110 and Interest.
The 6s are subject to
call after
20
Earnings.—Year 1903, gross, $1,074,238; defloit under taxes and
rentals, $69,597; Interest, $190,193; defloit, $259,790.— (V. 77, p. 299.)
Seligman, Mo., connecting
St. Louis Sc Nortli Arkansas
with the St. Louis
San Francisco By., to Harrison, Ark., 68*8 miles;
extension from Harrison to Leslie, 60 miles, was oompleted in Oct., 1903.
Southern Ry , incorporated in Dec, 1902,
In June, 1904, the Leslie
with $3,000,000 capital stock, by the same interests, proposed to
build an extension from Leslie south to Little Rock, Ark., 120 miles.
Successor by purchase Feb. 1, 1900, to Eureka Springs Railway.
The first mortgage of 1900 was to secure $3,212,500 5 p. o. gold
bonds on entire proposed line of 128 ^ miles, at $25,000 per mile,
per plan V. 69. p. 645. Stock, $1,712,500; par, $100. For calendar year
1904, grosF, $313,516; net, $131,838. In 1903 (112 aver miles), gross,
$281,732; net. $113,969; Int., $103,356; taxes, $6,254; bal., sur.,
$4,359. President, John Scullin, St. Louis; Sec, W. 8. Roberts, Eureka
Springs, Ark.— (V. 73, p. 900).
KR,-
&
&
St.
St.
Louis & O'Fallon RR.—V. 77, p. 1747.
Louis & San Francisco RR.— (See Map.)— ROAD.—As
shown by the map, the system embraces:
—
Lines owned
TTSee this Co.
Louls.Mc.toOkla., O. T.
543
8pringfleld, Mo., to Knoche
Jot. (Kan. City), Mo
Monett, Mo., to Red River.. .
Oklahoma, O. T., to Red Riv.
Sapulpa, Ind. T., to Denlson,
Trackage—
Knoche Jet. to Kansas
189
286
175
K
St,
Miles.
Tex
193
|
144
Avard, O. T. .. 175
Branches in Missouri, Kansas and Arkansas, etc
281
Tulsa,
I.
Leased—
Operated independently— Miles.
Fort Worth & Rio Grande.. .
196
St. L. San. Fran. & Tex Ry..
(incl. 31m. track to Fort
Worth)
142
St. Louis Memphis & S. E...
681
Chicago & Eastern Illinois. .. 1^840
Total Oot. 31, '04, (including 151 miles trackage) .5,870
Birmingham Belt RR .„
14
.
Beaumont,Kan.,to Red River 318
Okmul-
4
C. Ft. S. & M. and trackage. H871
Kan. City Mem. & Birm
286
Peirce City, Mo., to Ellsworth, Kan..
323
Hope, Ark., to Ardmore. I. T 224
Fayetteville, Ark., to
gee, I. T
City..
i
T., to
.
I
1T Also owns Jointly with the Atch Top. & Santa Fe the Kau. South
western Ry., Arkansas City to Anthony, Kan., 59 miles.
In Apr., 1903, the Oklahoma City & Western Ry., an extension from
Oklahoma City southwesterly to Quanah, Texas, 184 miles, was completed. The Birmingham Belt RR., owning 16 miles of track around
Birmingham, Aia., was purchased; also the St. Louis San Fran. & New
Orleans Ry., Hope Ark., to Ardmore, Ind. Ter 224 miles, completed
In Jan., 1904. V. 74, p. 1197; V. 75, p 75, 343. An extension was
built from St. Louis to Shelbyvllle, 111., 95 miles, at a connection with
the Chic & EaBt. Illinois. V. 75, p 291.
The entire stock of the St. Louis Memphis & Southeastern RR. was
acquired in Nov., 1902. See separate statement and V. 75. p. 1087, 1148.
Ln July, 1903, acquired the Ozark & Cherokee Central Ry., Fayetteville, Ark to Okmulgee, I. T., 144 miles, with extensions under con'
v
structlon from Fayetteville to Jasper, Ark.; Okmulgee, I. T.,to Okla
homa, O. T., and Muskogee, I. T., to Ft Smith, Ark.; total to be 400 m.
St, Louis & Gulf, V 78, p. 769. See those companies.
The Arkansas Valley & Western RR., Red Fork to Avard, Okla., 175
miles, has been operated from Mar.l, 1904. V. 78, p. 49, 1168. Houston
g M.
f
6 g. F.
-
5&
6g.
F.
6g.
J.
5g
g
t
5g
4
-
A.
-
J.
-
g.
A.
A.
A.
I g M.
g
2 g. J.
4
-
-
4g. A.
& N.
& A.
& A.
& J.
& O.
& J.
AO.
& O.
& O.
& 8.
& J.
& O
N.Y.&East St.LouiB.IU. July
N.Y.,N.Y.8ec.<feTr. Co. June
N.Y.,F*rs L.&Tr. & St.L.
N. Y, Farm. L. & Tr. Co.
N. Y., Un. Tr., and St. L
Oct
1,
1,
1,
Feb. 1,
Jan. 1,
1953
1909
1930
1929
1941
Checks mailed.
do
Apr. 1,'05,1%
Mar. 1/05, 1%
Apr. 1,'05, 1%
July 1, 1942
do
do
July 1, 1942
Y.. Morton Tr. Co.
July 1, 1951
New York.
Deo. 1, 1906
do
Deo. 1, 1908
Feb. 1, 1912
Y. Merc. Trust Co.
Cheoks mailed.
N
N. Y., Mercantile Trust
Nov.
Aug.
Aug.
July
1,
1,
1,
1,
Oct. 1,
July 1,
Oot. 1,
Apr. 1,
Apr. 1,
Sept. 1,
July 1,
Oot. 1,
do
do
N. Y., United States Tr
N. Y., Mercantile Trust.
N. Y., Union Trust Co.
N. r., Mercantile Trust.
N. Y. Mercantile Tr. Co,
,
do
do
do
do
N.Y.,H.B.HoUins & Co
8. Y.Meroant. Tr. Co,
do
do
1906
1919
1920
1931
1987
1996
1947
1929
1930
1919
1928
1922
g.
bonds d eposlted as seourity. see text
time to redeem either or both olasses of pref. stock at par in cash.
Provisions of pref. certificates were In Supplement of Apr., 1897, p 6.
Dividends.—
1897 1898. '93. '00. '01. '02. '03 '04 1905
First pref
4 per cent per annum.
2 p. ot.
4 toApr,2
Second pref
1 p. ot. 2
4
2
4
4 Mar., 1
3»n
In latter half of 1901 dividends on both preferred stocks were
changed from semi-annual to quarterly.
Bonds—Consol. mortgage of 1896. see abstract In V. 64, p. 186.
REFUNDING 4 PER CENT8 OF 1901, $85,000,000 AUTHORIZED.
The refunding 4s are issuable and issued as follows (V. 77, p. 2391)
>
2.
To retire underlying bonds
$62,500,000 *$42,616,100
For improvements, betterm'ts, new equipment, etc, at $1,000,000 per year
6,00,000
4.000,000
3.
Additional lines, extens'ns, etc, at cost ..xl6,500,000
1.
Total
12,604,900
$85,000,000 t$59,221,000
To retire $38,946,700 underlying bonds mentioned below, all deposited under the mortgage.
x At not exceeding $32,001 per mile (incl, underlying liens) $4,500,000; at not
exceeding $22. 00 per mile (incl. underlying Hens) $12,000,000.
+ Includes Deposited in trust for Northwestern Division improvement fund,
$200.o00; tota J»1,S29,000; leaving In the bands of public, $59,021,000, as shown
in table above.
The underlying bonds which have been deposited as security under
the refunding mortgage, and which are therefore kept alive, are:
A. B. & C. 6s of 1906
$3,589,700 Southwest . Div. 5s
»67l,000
866C00 Cent. Div. 4s
1,817,000
Mo. & W. Div. 6s
St. L. Wich. & West. 6s.
1,698,000 8t. L. Okla. & So. 4s (all)-.... 4,650,000
*
:
Trust6sof 1880
Vt. Smith & Van Bur.
Br. 6s..
Gen. mort. 6s of 1881
do
5s
Trust 5s of 1887
There have also
7*1,000
166,000
4,128,000
6.484,000
660,000
Kansas City Div. 4s
do
do
3s
North west. Div .4s
(ail)
(all)
Consol. 4s
8,324,000
976,000
1,253,000
6,983,000
been acquired and deposited under the refunding
mortgage the following stocks and 4 p. o. bonds, representing new extensions (being the entire Issues on account thereof), the latter aggregating 551-13 miles. (As to location, see V. 77, p. 1538, 1537).
^iame of road Miles.
Stock.
Bonds.
Oklahoma City & Western RR
17485 $5,000,000 $4,023,000
8*68
Oklahoma City & Texas RR.
50,000
49-72 ff4,00l,600
Ft. Worth & Rio Grande Ry
$994,000
8-72
174,000
Sulphur Springs Ry
200,000
238-67
4,500.000
BlackweU Enid & Southwestern Ry..
500,000
12-75
173,000
Blaokwell Enid & Texas Ry
20,000
57-74
815,000
Red River Texas & Southern Ry
400,000
,
Beaumont & Northern, V. 78, 4°, 1392.
The new north- and south trunk line to New Orleans opened in Jan
1905, includes Chicago & Eastern Illinois, St. Louis Memphis &
i>.
,
Southeastern, 8t. Louis & Gulf and St Louis San Francisco
New
Orleans, thence reachinsr New Orleans by Mobile & Ohio, New Orleans
& N. E. and Illinois Central trackage. V. 77, p. 38, 148; V. 76. p 1144;
•
V. 77, p. 2391; V. 78, p. 49; V. 79,p. 152.
Organization—Organized June 30, 1896, to succeed to the property
and franchises of the Railway company sold In foreclosure and reor.
per plan in V. 62, p. 829 and 1140— see also p. 742. Central Division
of Atl. <fc Pac, 112 miles, was purchased in July, 1897. V. 65, p. 150.
In May, 1903, the Rock Island Co. acquired $27,988,300 of the $30,808,000 common stock, the latter receiving (per $100) $60 in common
stock of the Rock Island Co. and $60 in 5 per cent gold bonds of 1913,
of the Chicago Rock Island* Pacific BR. See those companies.
V. 76
"
p. 1086, 1249.
The New Orleans Terminal Co. was organized Jointly by the St.
Louis & 8an Francisco and Southern Ry. systems, and issued 4 p. c
gold bonds (present amount $3,000,000), which are guaranteed Jointly
by the St. L. & 8. F. and the Southern Ry. V. 77, p. 38; V. 76, p. 1144.
The Kansas City Fort Scott & Memphis Ry., extending from Kansas
City to Memphis, Tenn., with branches, a total of 871 miles,
was acquired in 1901; its entire stock is owned and road leased for
Interest on bonds and 4 p. o. on pref. stock trust certificates (see above
table), the new refunding bonds being guaranteed, prin. and Interest.
8ee K. C. Fort 8cott & Mem. In this Supplement and V. 72, p. 438,
532, 581, 1238. In May, 1901, acquired over 90 per cent of the stock
of the Ft. Worth <fe Rio Grande Ry., Fort Worth to Brown wood, Tex.,
146 miles; an extension, Brownwood to Brady, 49 miles, was completed Mar., 1904. Control of Chicago & Eastern Illinois, 751 miles,
was acquired in Aug., 1902; see below.
Stock. -Common stock issued, $30,808,000, of which $1,808,000 in
Apr., 1901, field in treasury. The company reserves the right at any
&
Brown wool to
§ Issued tor extension from
IT Substantially the entire issue.
Brady, Ter. (entire amount); total length of road, 195 88 miles, balai.ee of
issue, $2,W23.<K)0, being in hands of public.
As to Ozark
Cherokee Central and St. Louis Memphis & Sou Hi*
eastern guaranteed bonds, see V. 78, p. 2335, 19C8, and statements of
&
those companies.
COLLATERAL TRUST GOLD NOTES.
Of the $9,160,000 of 5-year 413 per oent gold notes
of
Dec. 1903,
$7,125,000 are issuable, per plan V. 77, p. 2281, to acquire the entire ($1,060,000) outstanding preferred stood of the St. Louis San
Francisco & New Orleans RR., extending from Hope, Ark., to Ardmore, I. T, 224 miles, with proposed Platte out off, 9 miles, and the
St. Louis & San Francisco New Orleans extension collateral trust 4s,
the latter being secured by all the Issued first mortgage bonds ($6,487,000) and all the $6,021,000 outstanding commou stock of the St. L.
The gold notes issued are thus virtually secured by
S. F. & N. O.
a first lien on the St. L. S. F. & N. O. RR. The remaining $2,035,000
notes are reserved against deposit of additional extension bonds hereafter issued in proportion of $900 notes to $1,000 extension bonds.
The notes are subjeot to call as a whole or in amounts of not less than
$250,000 on 30-days' notloe.
The collateral trust 213-year notes due Deo. 1,1906 ($5,000,000
authorized issue) a--e secured by deposit of the entire ($18,500,000) St.
Louis Memphis & Southeastern and St Louis <fe Gulf sioofe. They are
subject to call at par. V. 78. p. 1908, 2335; V. 79, p. 2748.
The 413 per cent notes of 1905 ($4,500,000 authorized issue) are
secured by the entire $4,500,000 Arkansas Valley & Western bonds
and $4,500,000 stock. Of the notes, $3,500,000 were sold, $500,000 of
balanoe being reserved until that amount is expended on Ark V & W.
V. SO, p. 601. There were aim outstanding on June 30, 1904,
$3,500,000 five per cent notes due on or before April 30, 1906, and
$2,690,000 notes payable.
General Finances.— Birmingham Belt RR.bonds, seeV. 75,p.ll48.
In Jan,, 1905, all of the $7,217,800 common and $6,211,700
of the $8,830,700 preferred Chicago & East-Illlnois RRstook had been
RR
&
aoqulred, the St. L.
S. F. giving in exohange it* stock trust certificates
at the rate of $100 for each $100 share upon which 10 and 6 p.o. dive.,
Eastern Ulinois on a preceding
respectively, are paid, see Chicago
page and V. 75, p. 291, 393, 1031.
Latest Earns.— 8 mos., ) 1904 5.Gross, $26,086,562; net, $8,»31,474
24.624, 49; net, 8,132,640
July 1 to Feb. 28.
\ 1903-4.Gross.
Road operated 5,835 average miles in 1904-5, against 4 906 in 1903-4.
For 8 months ending Feb. 28, 1905, net (above taxes), $8,831,474,
against $8,132,645 in 1903-4; other income, $34,297; charges and betterments, $7,805,226; bal., sur., $1,060,545.
&
1
RAILWAY STOCKS AND BONDS.
Apr., 1005.]
Cou ncil G ro,
La Crosse
*•"•
»
>linn
'
s
.
fbr
^&fi£*S7
Stjff.-rM,
vKincpnan
CiilliiOnj-
Qreenabnig
»
J^^f^5L>° u f 4***S gf
fr
rlon
Lorned,^ Beud
VX
ipton
1631
„*V
Madison
4^ A..
,
f
;
ij
RAILWAY STOCKS AND BONDS.
1632
RAILROADS.
For explanation of column headings, &c, see notes
on first page
9t.
Loitit
<fc
of tables.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value. Outstanding
&
do g., ser. F, due $58,000 quarterly.
do
Lou. Southw.— 1st M. otfs. ,$16,500 p. m., g.Ce.o* 1,223
2dM. 4% Inc., $10.000,000,non-eum.,gold.I»Ie.o* 1,223
1st oonsol. mortgage, $25,000,000, gold. R.o*Ar. 1,271
16
Gray's Pt. Tentfl, 1st M., gn., p.&l.e.g.SSt.o&r
$500,000... AC
St. Loui* Troy dk Eastern.— 1st
101
S!. L. Walk. dk Gulf-lst M., $1,225,000, g. & £.V.
56
St. Paul Eastern Gr. Trimfe— 1st M., g., Int. guar.o*
St. Paul Union Depot—1st M., g., int. as rental
rental
Oonsol. M ., gold ($100,000 are 4s), int. as
15
Salt Lake dk Los Angeles 1st mort., gold.OTo. c
Salt Lake dk Mercur— 1st mort.. $300,000, gold.B. 12ifl
San Antonio dk Aransas Pass Stock
687
1st M., $21,600,000 g., guar. p. & 1. (end.).Ce.o*&r
25
San Diego Otiyamaca dk East. Ry.— 1st mort., g.Me
San Diego— Eattern— 1st mortgage, $10,000,000..
San Fran. dk No. Pacific— 1st M., gold, 8. f .Me.O'ir 165
60
Cal. Northw., 1st M., $2,000,000, g., gu.p.&i.,s.f.
San Fran, dk San Joaquin Yal. See Atch. Top. & 8. Fe.
St.
M
,
—
—
—
Ped. Los An.
dk
S Lake— 1st M.,
$50.000,000,g.
Ce
117
198
198
gu.Ce
26ifl
Santa Fe Central— 1st M., $2,500,000,g.PPl
o*
Santa FePres.dk PJuEnra-lstM..$5,000,000,g.iae.c*
2d M., gold
Presoott
Saranac
Sault
Ste.
& East..
1st M., $375,000, p.
&
1.
1885
$1,000
& Me in phi 8, s
>
$61,000
ee those
com
6g. A.
for the year ending
1903
1901
1892
1893
1898
1,000
1,000
1,000
1,000
See text.
2,500,000
4,940,000
2,964,000
375,000
1,000
900.000
June
Gross earnings
Net earnings
Other income
& E. ni. stook.
Total net income
Deduct— Interest on b'nds
Rentals of leased lines.
Taxes
Miscellaneous
Improvements, etc
Div.C. <feE. I. stk. tr. ctf s.
Dividend on 1st pref....
Dividend on 2d pref
1903.
1904.
4,217
3,675
$26,896,731 $24,289,510
8,413,533
9,140,479
59,695
136,170
823,418
1902.
3,252
$21,620,882
8,148,410
197,162
607,132
$10,023,592
$9,156,837
4,326,414
3,530,437
2,780,865
2,831,891
464,800
382,820
93,613
98,774
78,534
889,222
964,702
(4%) 199,742 (49* ) 199,742
(4%) 640,000 (4%) 640.000
$8,345,572
3,191,720
2,434,069
360,759
81,546
4g5
g.
J.
J.
g
8
'
t
M.
'
J.
I
A.
(4%) 199,742
(4%) 605,539
Balance, surplus ...
x$423,896
$634,975
$1,472,197
surplus add surplus for year of Chi. & East. 111. (after payment of dividends) viz., $757,952; deduct Ch. & E. 111. betterments,
$400,121; net, $357,831. Total surplus of system, after betterments,
$781,727; before betterments, $1,198,567.
Officers— Chairman of Board, D. G. Reid; President, A. J. Davidson; 1st Vioe-Pres., Robert Mather; Secretary and Treas., Frank H.
Hamilton; Comptroller, C. W. Hlllard. N. Y. office, 71 Broadway.
Directors— (Sept., 1904,) B. F. Yoakum, D. G. Reid, F. L HineW. H. Moore, W. B. Leeds and J. H. Moore of New York; Nathaniel
Thaver, Benj. P. Cheney of Boston, Mass.; H. C. Pierce, A. J.
Davidson, James Campbell and W. K. Bixby, St. Louis. Exeoutive
Committee, B. F. Yoakum (Chairman), James Campbell. William B.
Leeds, James H. Moore, William H. Moore and Daniel G. Reid.— (V.
79, p. 2643, 2748, 2797; V. 80, p. 164, 601, 1112, 1363, 1424.)
Louis San Francisco 6c Texas Ry.— (V. 79, p. 2148.)
Louis South western Ry. - (See Map.) —Embraces:
Stuttgart Branch
Rock Branch
Shreveport Branoh
31*8
44-4
61*2
LOUIS SOUTHW. RY. CO. OF TEX.
M»in Line— Texarkana to Gatesv. 304*9
Fort Worth Branch
972
Dallas Branch
18 7
Sherman Branch
109'9
Hillsboro Branch
40*0
Lufkin Branch
110*9
ST.
-
Total of all operated mileage June 30, 1904
l^OSO
Also has St. Louis Iron Mountain & Southern trackage, not included
in operating accounts, viz.: Thebes, 111., to E. St. Louis, 126 miles; St.
Louis to Bismarck, Mo.. 75 4 miles; Bismarck, Mo., to Delta, 74 miles;
Memphis, Tenn., to Fair Oaks, Ark,, 60 miles, making the total lines
1,644*3 miles. Also the right to run passenger trains between Ft.
Worth and Dallas over Texas & Paclflo, 32 miles. V. 77, p. 90. Of the
1,303 miles, 9 are laid with 85-lb , 615 with 75-lb., 30 with 70-lb., 440
with 56- lb. and rest with 35 and 60-lb. steel rails.
Organization.—Reorganization per plan in V. 50, p. 141, 561, of St.
Louis Arkansas & Texas, sold in foreclosure in October, 1890.
Stock.—Stock lssuea, common, $16,500,000; authorized amount increased in 1902 to $35,000,000; pref., 5 p. o. non-oum., *20,000,000,
of which in treasury June 30, 1904, common, $143,900; V
preferred.'
$106,350. Par of shares, $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.
The first consols of 1902 (authorized issue $25,000,000), are secured
by all the property of the oompany, subject to the prior outstanding
bonds. Of the amount $6,000,000 were issued to retire $1,700,000
equipment bonds and other capital requirements; $9,000,000 were
reserved to retire by exchange the $10,000,000 second mortgage
income bonds (of which $6,739,500 had been acquired in July, 1904)
and the remaining $10,000,000 for the acquisition of branoh lines at
not over $20,000 per mile, acquisitions and improvements. (V 75 n
136.) 8ee V. 74, p. 328. 578, 630, 831; V. 75, p. 790; V. 77, p. 2160V. 79, p. 2148; V. 80, p. 473, 872. Equipment trust notes In hands of
publio June 30. 1904, $2,114,386.
Gray's Point Terminal guaranty in V. 69, p. 1062. St. L. So. W. owns
all stock and leases road for fifty years.
(VT 65, p. 413.)
EARNINGS.— 7 mos., >1904--">
Gross, $5,429,485; net, $1,795,287
Julylto Jan. 31. S 1903-4 ....Gross, 4,751,225; net, 1,595,952
For 5 mos. ending Nov. 30, 1904, net, $1,378,720, against $1,096,042
in 1903; oth. income, $26,377; charges, $644,236; bal.,sur., $760,861.
Annual Report.— Annual meeting is held at St. Louis, Mo., on the
first Tuesday in October.
Report for 1903-04 was in V. 79, p. 1457.
Tear ending June 30—
1903.
1904.
1902.
1901
Gross earnings
$7,649,485 $7,278,575 $7,267,260 $7,387,174
Operating expenses. .. . 5,421,597 5,256,164 5,173,066 4,632,892
Netearnlngs
5
J.
g.
&
&
&
&
&
&
Apr.
1,
1910
&
N. Y., Blair
Co.
Dec, 1904-»11
N.Y., R. Winthrop &Co. Aug'05-Ag.'12
do
do
8t
L,,
Am. Car
<fc
&
F. Co.
To May 1, '12
To May, 1913
N. Y., Blair
Co.
Oct'05-Oot'lO
N. Y, Central Trust Co. Nov. 1, 1989
N. Y., Merc. Trust Co. Nov. 1 1989
N. Y., Bowl. Gr. Tr. Co. June 1, 1932
N.Y.B.Gr.Tr.
& St.
L.
Dec.
Miss. Val. Tr. Co., St. L.
Dec
New York and London.
Jan.
Office,C.&N.W.,52Wall. Jan.
N. Y.. Central Trust Co. May
Northwestern Trust Co. May
Salt Lake City.
Jan.
May
1,
1,
1,
1,
1,
1,
1,
2,
1947
1924
1930
1913
1980
1944
1913
1918
N. Y., Cent. Trust Co
Jan. 1, 1943
1 per cent pd. in 1901-2 July 1, 1918
Los Angeles and N. Y. Mar. 1, 1949
N.Y.,25 Broad, AFr'k'ft Jan. 1, 1919
San Fran. & New York. Apr. 1, 1928
New
J.
D
York.
July
1,
1953
Pittsburgh, Pa.
Dec. 1, 1941
Sept. 1, 1942
8. N. Y. Mercantile Tr. Co
July 1, 1943
J. N. Y., 5 Nassau Street.
O.IN.Y., Central Trust Co. Apr. 1, 1928
jJ
N. Y., 44 Wall
St.
July
1,
1937
1902.
1904.
1903.
1901.
Tot. net, lnol. other Inc. $2,318,357 $2,205,014 $2,183,213 $2,836,478
Taxes
174,515
161,750
195,619
155,771
Intonlst&con.morts.. 1,318,600 1,297,200
814,848
800,000
Int. on 2d mort. bonds.
400,000
380,000
130,460
130,460
Equipment payments...
385,413
258,825
25,000
Rentals, eto
131,414
51,228
59,143
66,907
Bal. over all paym'ts. $538,408
$564,375
$328,190 $1,174,974
Officers.— President, Edwin Gould; Vice-President and General
Manager, F. H.Britton; Treasurer, G. K. Warner; Sec, Geo. Erbelding.
Directors.— Edwin Gould, New York; R. M. Gallaway. Howard Gould,
Wlnslow S. Pierce, William H. Taylor and E. T. Jeffery, New York; Murray
Carleton. F.H. Britton and Charles Parsons, St. Lonls.
Office, 195 Broadway, N. Y.-(V. 80, p. 473, 714, 872.)
Lou Js Troy 6c Eastern BR.-East St. Louis, 111., to Troy.
with branch, 1 mile, to Collinsvllle, 111.; total, 20 miles of road
(27 >« miles of track). Stock, $350,000, all outstanding; par of shares,
$100. The $600,000 6 p. o. bonds were called and paid Dec. 1, 1904.
V. 79, p 2087. For year ending June 30, 1903, gross, $297,178; net,
$223,473; other inoome $30,099; total deductions, $67,518; dividends,
$43,750; balance, sur $142,304. Pros., Edwin H. Conrades; Sec. and
Treas., Julius L Winkelmeyer. Office. 314 North 4th St, St. Louis,
Mo.— (V. 77, p. 251; V. 79, p. 2087; V. 80, p. 473.)
St. Louis Vandal la 6c Torre Haute RR.— See Vandalia RR>
St. Louis Walk i no 6c Gulf Ry.— Lake Charles to Alexandria,
La., 98 miles, with two branches aggregating 3 miles; total, 101 miles.
Suooessor on May 24, 1902. of Kan. City Watkins & Gulf RR.. sold in
foreclosure on March 24, 1902. V. 74, p. 630, 681. Stock author
lzed, $1,225,000; present issue.$993,360; par of shares, $20. Bonds authorized, $1,225,000; present issue, $983,360, consisting of $500,000
in $500 bonds and £ 100,700 in *100 bonds, valued at $4 87 per £.
The St. Louis Iron Mtn. &So. (Mo. Pac. System) on Jan. 1, 1905, owned
$499,380 stock and $527,260 bonds. V. 80. p. 1236.
Year ending June 30, 1904, gross, $260,051; net. $103,292; oharges,
$63,654; bal.. sur., $39,638. Pres J. B. Watkins; Seo. and Treas., J. S.
St.
111.,
x To this
ST. LOUIS SOUTHWESTERN RT. CO.
Main Line—Cairo to Texarkana. 419*0
6*2
New Madrid Branch
67-7
Grays Point Branch
O. N. Y., Meroant. Tr. Co.
-
editorial, p. 1928.
Tear ended June 30—
Average miles
&
panies.
-
30, 1904, showing operations of system, comparison being made with same lines for
preceding year, was given at length in V. 79, p. 1951, 1966; see also
Little
!
1901 5,000<feo
983,000
4
J. & D.
1902 4,000&c
930,000
4
F. & A.
1902
750,000
4 g- M. & N.
1903
1,237,094
5 g. M'nthly
1903
1,276,000
5 g- J. & J.
1890
1,000
20,000,000
4 g- M. & N.
1891 500 &o.
3,260,500
4
J. & J.
1902
1,000
15,514,000
4g. J. & D.
1897
1,000
380.000
J. & D.
1904
800
500,000
5 g. J. & D.
1902 $ & £
983,360
5
J. & J.
1883
1,000
1,120,000
g J. & J.
£
1880
1,000
250,000
6 g. M. & N.
1894
1.000
250,000 4g.&5g. M. & N,
1893
1,000
300,000
6g. J. & J.
1898
1,000
250,000
5g. M. & N,
100
1,000,000
1893
1,000
17,544,000
J. & J,
1888 500 &o.
550,000
J. & J
6g
1904
1,000 N'ne Oct. '04
5
M. & S,
1889
1,000
3,903,000
5g. J. & J
1898
1,000
944,000
5g. A. & O
Lake Placid—See Chateaugay & Lake Plac ID.
Marie Bridge— 1st M.. g.,s.f..dr'n at 110.
1H 1887
Annual Report.— Report
St.
St.
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Cent.
Payable
Whom.
Dividend.
dk
Div. on C.
lxxx
San Francisco— (Concluded) —
Ft. 8. &V.B.BridgelstM.,g.,dr.atl05,guar.p.&l.o*
Eastern Illinois and Kan. Oity Fort Scott
Chicago
Equipment notes, payable s. a. (V. 73, p. 1314.)
Equip, notes, g., ser. B.,red. par., $62,000 due s.a
do g., ser. C, due $50,000 semi-ann'ly
do
do gold, ser. E, $12,188 monthly
do
San
Amount
[Vol.
$2,227,888 $2,022,411 $2,094,194 $2,754,282
,
,
Thomson, Lake Charles, La. Directors, V. 74, p. 680. - (V. 80, p. 1236.)
St. Paul.— See Chicago Milwaukee & 8t. Paul.
St.
TH.
Paul Eastern Grand Trunk Ry.— (See Map Chicago dk
to Olintonville, wis., 56 miles. Leased
30, 1884, for 99 years to Milwaukee Lake Shore & Western.
W.)— Owns from Ooonto
Oct.
Rental 30 per oent of gross earnings, interest on bonds being guaranLease aoqulred Aug. 16, 1893, by Chicago & North Western
through purchase of Milwaukee Lake Shore & Western.
(The) St. Paul Union Depot Co.— Owns Union Passenger Station
with 8*76 m. of track (additional tracks being put in July, 1902), the
stock being lnoreased from $350,000 to $9,000,000 for improvements
In progress; owned equally by the following
Great Northern, Northern Pacific, Chic, St. Paul Minn. A Omaha, Chic, Mil.
teed.
Paul, Chic. Great Western, Chic. Bur. A Quincy, Minn. St. Paul A S. Ste.
Marie, Minn. A St. Louis and the Chic. K. I. A Pac.
Authorized stook, $1,000,000. Rental oovers interes t on bonds and
4 per cent on stock since May 1, 1902; from 1890 to May, 1902, 6
per cent dividends were paid. Year ending Dec. 31, 1904, gross, $188.864; net, $25,935; other income, $36,565; int. on bonds, $26,500; dividends, $36,000. Pres., A. W. Trenholm; Vioe-Pres., S. C. Stickney; Sec,
W. G. Johnson.— (V. 74, p. 1090.)
Road from Salt Lake to SaltSalt Lake 6c Los Angeles
air Beaoh, Utah, 15 miles, standard gauge— see V. 65, p. 824. Stock
* St.
RR.—
In 1901 $300,000 first 6s were outstanding. For year
ending June 30, 1902, gross, $62,073; net, $24,529; other income, $6,023; int. on bonds, $18,000; taxes, $2,252; dividends (2 p. o.), $6,000;
balance, surplus, $4,200.— (V. 65, p. 824.)
Salt Lake & Mercur RR.— Fairfield to Mercur, 12*3 miles.
Stock, $300,000; par of shares $100. Bonds, see table. Calendar year
1902, gross, $79,053; net over taxes, $27,231. President, L. L. Nunn,
8300,000.
Telluride, Col.
(V. 77, p. 770; V. 79, p. 1024.)
San Antonio
6c
Aransas Pass Ry.— Owns from
Kerrville to
Houston, 308 miles; Kenedy to Corpus Christi, Tex., 90 miles Yoakum to Waco, 171 miles; Skldmore to Alice, 43 miles, Shiner to Lookhart, 54 m.; branch, 21 m.; total, June 30, 1903,687 m., all 50-lb. steel.
In June, 1904, extension from Alice to Falfurrias, 36 in., was opened.
History.— Reorganized without foreclosure sale in 1893, management passing to So. Pac. (see below), which owned $2,000,000 stook.
Bonds.—Mortgage is for $21,600,000 (trustee, Central Trust Co.)
and the So. Pacific 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
See full abstraot of mort. in V. 56,
at $27,000 per mile, equipped.
;
Car trusts June 30, 1904, $165>,393.
30, 1904, $4,144,947.
p. 540.
June
Due
South. Paoiflo Co.
In 1903 the Texas Railroad Commission ordered the oompany to
oanoel $1,356,000 of the outstanding $18,900,000 bonds alleged to
be Issued Illegally, to reduce the stook to $1,000,000, and separate
the management from the Southern Paoiflo. V. 77, p. 90, 148, 401,
452, 2340; V. 78, p. 2600.
Annual Report.— Fiscal vear changed In 1897 to end June 30. In
1903-4, gross, $2,586,437; net. $721,780; int. on bonds, etc.. $1,059.628; balance, deficit for year, $337,848. In 1902 3, gross, $2,527,044;
)
,
RAILWAY STOCKS AND BONDS.
Apr., 1905.]
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RAILWAY.
RAILWAY STOCKS AND BONDS.
1634
RAILROADS.
•
explanation of oolnmn headings, &c, see notes
01
on first page of
tables.
Miles
Date
of
of
Road. Bonds
Size, or
p
Value.
West'n—See Atlantic Coast Line RR.
33 1903 $1,000
&
1902 l.OOO&o
nc6!
Duanesburg—See Del. & Hudso
Sotvatmah Florida
<&
Schenectady
n5
8chuylkill <£ Juniata— See Pennsylvania RR.
Schuylkill <& Lehigh— 1st M., guar, by Read'g Co...
Schuylkill Valley Navigation <£ RR.— Stock
Seaboard Air Line Ry.
cAr
1st M., $75,000,000, g. (see text). CoBa
Col. tr. ref. M., g., $10,000,000, red. at 105.Oe.c*
Atlanta Birm division 1st M., $10,000,000. Kc*
Col. tr. & gen. lien M., $5,000,000, g., red. par. N.
Equipment trust, due quarterly
44
1898
All
177
do
(V. 74, p. 380)....
o*
gold. ser. C. due quarterly
1st pre f. stock, 5*. ,$18,000,000 auth.,conv.,text
pref..6° non cum., $1«,000,000 au.,red.,text
Common stocK, $36,000,000 authorized
,
Old LOANS.excluding amounts (*)pledged unde
Carolina Central old bonds, non-assented
1st oonsol.M., $3,000,000, gold, gu.p.<fei. end. F
Durham & Northern, 1st mort., $150,000.MeBa
Roanoke <fe Tar River, $260,000. iH eBa
Flor. Cen. & Pen. 1st M. $5,226 p. m., gold Ce.o*
2d M. (1st on ext, 92 m.) $5,226 p. m., gold. A. o*
Consol.M.,$7,800,000 ($10,000 p.m.), gold.G.o'
South Bound 1st M.,gold,
int. rental.ItTe
Ba.c*
r
1900
1901
1903
1904
1900
1902
1903
1904
.
l,000<fec
1,000
1,000
1,000
5,000
1,000
1,000
1,000
81-'94
1899
1888
1887
1888
1890
1893
1891
1895
1898
1889
267
42
32
575
666
780
136
400
1,000
1,000
1,000
1,000
1,000
1,000
1,000
i.obo
KB.—
Sanford 6c St. Petersburg By.—See Atlantic Coast Line RR.
San Francisco 6c North Pacific By.—Point Tlburon, Cal.,
to
Ukiah, Cal., 106 miles, and branohes, 59 miles. Consolidation of March
Has steamer connection (6 miles) with San Franoisoo.
19, 1889.
Leased to the California & Northwestern Ry., incorporated in March,
1898. The S. F. & N. P. guarantees $2,000,000 Cal. & Nor. 5 per cent
bonds, to be issued at $25,000 per mile. V. 67, p. 370, 688, 788. Stock
issued, $6,000,000; par of shares. $100.
Bonds.— Issued at $25,000 per mile; sinking fund, $25,000 yearly,
bonds drawn at 110 and Interest. [Mortgage abstraot V. 49, p. 241.]
Latest Earnings. For 2 months ending Aug. 31:
Gross.
Net.
Balance.
2 mot.
Charges.
1904
$328,481
$114,938
$54,949 sur.if 59,989
1903
310,949
113,282
52,023 sur.61.259
Annual Report.— Report for 1903-04 in V. 79, p. 1460, showed, gross,
f 1,357,667; net, $312,624; charges, $262,583; bal., surplus, $50,041.
In 1902-03 gross, $1,299,279; net, $350,277.— (V. 79, p. 628, 1460.)
Salt Lake By.— Completed in
April, 1905, from Salt Lake City, Utah, to San Pedro, on the Pacific
coast, about 850 miles of main line, with branohes, aggregating in all
about 1,100 miles, the Los Angeles Terminal Ry., 51 miles, being
acquired, and merged about Apr. 1, 1901, as a part of the new line.
In July, 1904. In operation at the western end of the line from Pasadena, Cal., to San Pedro, 37 miles, Los Angeles to San Bernandino,
68 miles, and Los Angeles to Verdugo Park, 9 miles; total, 114 miles.
On July 7, 1903, purohased portion of Oregon Short Line (Union
Pacific system) extending from Salt Lake City to Calientes, Nev., 340
miles, with some branch mileage and additional completed mileage
south of Calientes, 512 miles in all, forming r>art of the road above
shown, the Oregon Short Line acquiring a half interest in the property.
The 8alt Lake City terminals are leased for 99 years from July, 1903.
San Pedro Los Angeles
Ac
V. 76, p. 920, 1193, 1356; V. 77, p. 38. 148, 695; V. 78, p. 1393; V. 79,
p. 1024. The entire road, ofwheh 90mies from Daggett to River
side is to be (temporarily) trackage over Atch. Top. <s Santa Fe was
completed Feb., 1905.
Stock authorized. $25,000,000; all issued.
Bonds.— Of the 4s of 1903 ($50,000,0 >0 authorized issue; Equitable
Trust Co. of New York, trustee,) $40,000,000 may be used for the
following purposes (balance reserved for future requirements), viz
To pay for the 512 miles of Oregon 8hort Line acquired, for which
$7,800,000 cash was raid, the road already completed and acquired
and Los Angeles and San Pedro terminals (costing in all $10,200,000)
and to complete the system. V. 77, p. 38, 90.
President, W. A. Clark; Secretary, W. H. Comstock; Treas.,
H.
Leete. >"ew directors, Feb., 1905, V. 80, p. 872.— (V. 80, p. 870, 1480.)
San Pete Valley By.—Nephi, Utah, to Morrison, 51 miles; Quarry
Branch (opened Auk., 1899), Nephi to Cooper, Utah, 5 miles; total, 56
miles. 8took, $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 1921, interest J-J, Farmers' Loan A Trust Co.,
New York, Trustee. Year ending June 30, 1903, gross, $21,275; def under oper. exp., $ 1,642. Theo. Bruback. Gen. Mgr., Salt Lake City, Utah.
Santa Fe Central By.—Owns from Santa Fe, N. M., south to
Torrance, 117 miles, opened Aug., 1903. Branoh from Moriarity Jet.
to Albuquerque, N. M., 47 miles, under name of Albuquerque & Eastern Ry., was under construction in Jan., 1905. The Alb A. East has
made a mortgage to the Pittsburgh Trust Co., as trustee. Other allied
1 nes, see V. 80, p 221.
Stock authorlzed,J-?2,500,000, all outstanding.
President. W. H. Andrews; Sec, W. C. Hagan; Treas., T. Lee Clarke.
Arrott Bldg., Pittsburg, Pa.— (V. 80, p. 223.)
:
W
1
Santa Fe Prescott
6c
Phoenix By.— (See Map
Atchison To-
peka <t Santa Fe )— Owns Ash Fork, via Prescott, to Phoenix, Ariz
@FedFRASER