Full text of Commercial and Financial Chronicle : April 29, 1911 : Railway and Industrial Section, Vol. 92, No. 2392

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RAILWAY AND INDUSTRIAL
SECTION
OF TH E

C ommercial & f Inancial [ [ hronicle.
Copyrighted In 1911 according to Act of Congress, by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C.

Vol. 92.
R ailway

and

N E W YO RK , APRIL. 29, 1911
No. 2392.
fitted for burning oil, owing to the forest fires, since it
I ndustrial S ection has
been shown that the chance of causing a con­

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OIL VERSUS COAL-BURNING LOCOMOTIVES.
Oil has lately taken an aggressive stride forward in
its rivalry with coal as a fuel for engines. Perhaps
the most striking manifestation of this competition
is in the case of marine engines. Oil in its crude form
has been found to have many advantages over coal
by the British Admiralty, which has converted the
engines of many warships so as to be capable of
burning cither fuel. For merchant shipping as well,
wherever oil can be stored and obtained cheaply at
seaports, it will probably make its claim effective to
be used as an alternative. Though it would be
altogether premature to suggest that the supremacy
of coal has been even threatened, yet the many in­
stances that are cropping up from day to day of the
application of oil as a fuel makes it worth while to
consider the possibilities in the case of railway loco­
motives. In the dry autumns of the past two or three
years the forest fires that caused so much devastation
in the mountainous regions of the Eastern States were
traced in some instances to the cinders falling from the
fire-boxes of the ordinary coal-burning engines.
Last fall the great conflagrations of California,
Montana and other North Western States further
directed attention to the necessity of minimizing, as
far as possible, the risk of fires arising from sparks
from locomotives passing through these regions.
Oil-burning locomotives had been for a considerable
time used on long stretches of track where oil could
be obtained more cheaply than coal. In other
sections of the Northwest locomotives have been



flagration is much less from the oil-burning than from
the coal-fed engine.
Under the pressure of the Public Service Commission
in some of the Eastern States, railroads operating in
forest districts have lately put into service a number
of oil-burning locomotives. The Delaware & Hudson,
one of the chief “Coalers” , has, in compliance with
the orders of the State authorities, equipped itself
with two or three, to be followed doubtless in the
future by more, to haul freight through its moun­
tainous, woodland territory.
In the Adirondacks, the New York Central RR. is also
providing oil burners to lessen the risk of conflagra­
tions. Twenty-three were placed in service in 1910,
of which 18 were assigned to the Mohawk & Malone
division. From the annual report of the Public
Service Commission of the State of New York it
appears that oil storage stations, ranging in capacity
from 38,000 to 150,000 gallons, were located at various
points along the route covered. For the oil-burning
locomotives placed in service by the Delaware &
Hudson Company no general oil storage plants were
installed, but the oil was supplied from tank cars.
The experience of the year showed that the employ­
ment of oil-burning locomotives in the Adirondacks
had entirely passed the experimental stage. The
orders for the use of oil burners run from April 15 to
November 1st of each year. The railroad companies
are only required to burn oil in the daytime, the
heavy dews and cold nights being held to counteract
the risk of fire. In fact, it has been proved by observa­
tion that nearly all the forest fires are started in the
daytime. The total cost of equipping locomotives,
building storage tanks, &c., has been found in­
considerable.
No special locomotives were found necessary,
the ordinary locomotives having been changed for
oil-burning without serious difficulty. The New
York Central used one of its standard classes of loco­
motives with a grate area of 55 square feet. The
Delaware & Hudson converted its locomotives which
were built for anthracite coal, but their wide fire
boxes were found to be unsuitable for economic
consumption of oil. Seven locomotives are being
put into service this spring with narrow fire boxes
especially designed for oil-burning and one will be
equipped with a super-heater with a view to decreas­
ing the consumption as much as possible.

4

RAILWAY AND INDUSTRIAL SECTION.

The cost of adaption has amounted in this Adiron­
dack section to about 833,000, the New York Central
contributing more than half of this sum. Experience
showed that for the New York Central passenger
service the oil consumed per mile was from 0.1 to 7.2
gallons and for freight service 10 gallons per mile.
On the Delaware & Hudson, owing to the average
train being lighter, the consumption was from 3.0
to 5.4 gallons per mile for passenger locomotives
and for freight 9.S. The New York New Haven
& Hartford is also experimenting with oil as fuel on
a large scale, having converted 22 locomotives into
oil fuel burners.
One engine has a tank capacity sufficient to provide
for a 325-mile run, which is said to be more than the
same type of engine could make on one coaling. The
train which will run to Cape Cod in the summer
months will be drawn entirely by oil-fed locomotives,
and it is presumed that the claims department of the
New Haven road will be saved much of the outlay it is
now compelled to disperse on account of damages
originating from sparks from locomotives passing
through the forest region.
Though these examples of oil-burning locomotives
on Eastern lines may be said to be satisfactory, and
no serious difficulty has been found in the practical
use of oil as a fuel, the question is simply one of cost,
and on the “coaler” roads it is not likely that oil at
present will oust its rival coal except under compul­
sion. When we look, however, to the Western
roads, the tables are turned in favor of oil when it can
be obtained more readily than coal. Mr. J. Kruttschnitt, director of maintenance and operation of the
Union and Southern Pacific lines, has stated that the
usual ratio used by his lines is that of four barrels,
or 108 gallons, of fuel oil to one ton of good bitumin­
ous coal. From a communication received from
Mr. H. J. Small, the general superintendent of motive
power of the Southern Pacific, we learn that the
Pacific system of the company has now 1,171 loco­
motives using liquid fuel. Ten years’ experience
since oil was adopted for fuel on the company’s own
initiative has proved so satisfactory that the company
is receiving 26 additional oil-burning engines and has
46 now on order which will burn oil as fuel. The
oil burners are employed on all divisions of the system,
both in freight and passenger service, and the arrange­
ment of equipping locomotive fire boxes for oil burning
is of the company’s own design and manufactured in its
shops.
Mr. Haig, the mechanical engineer of the Atchison
Topeka & Santa Fe Railway System, informs us that
on that road there are now in service 842 locomotives
burning oil as fuel. A few coal-burning locomotives
are being converted to oil burners in the railway
shops with the Booth oil burner as manufactured in
them. Oil-burning locomotives exclusively are oper­
ated on the Gulf lines; on the Coast lines oil burners
are used entirely from Winslow, Arizona, west to
the coast. On the Eastern lines oil-burning engines
are used for passenger service only from Kansas City,
Missouri, to Purcell, Oklahoma. The Santa Fe took
up oil-burning locomotives of its own accord.
With the Northern Pacific the change from coal to
oil-burning locomotives has been more recent and
the engines adapted to oil have not been in service long
enough for comparison. The mechanical superin­



[VOL. LXXXX1I.

tendent, Mr. Moir, states, in answer to our inquiry,
that the company has now 20 oil-burning locomotives
and is equipping another. They are used on the
Tacoma Division, between Tacoma, Washington, and
Portland, Oregon, and between Grays Harbor Points.
So far the Northern Pacific has only equipped switch
and passenger locomotives for burning oil and has
none in freight service, but is very pleased with the
change from coal to oil as a fuel so far, and is disposed
to go much further. The general type of oil burners
used is that applied to locomotives burning California
oil.
On the Great Northern, matters have evidently been
hastened in the introduction of oil-burning loco­
motives by the forest devastations of last year.
Minneapolis lumbermen, who have investments in
Washington, where the fires were so long beyond
control, interested themselves in urging the substitu­
tion of oil-burning engines for coal burners. President
Louis W. Hill investigated the question from the
standpoint of safety to the forests and economy.
On both grounds the inquiry proved satisfactory for
the oil burners and the order for conversion was
given. No fewer than 115 Great Northern loco­
motives are being overhauled this spring and changed
from coal burners to oil burners. For their require­
ments a storage plant of 7,000,000 gallons is being
erected at Everett, Washington, and the oil will be
delivered there by ship from California.
PREVENTION OF ACCIDENTS IN RAILW AY
WORKSHOPS.
In the large railway shops of the most progressive
companies the increasing attention given to the
prevention of accidents is having a marked effect.
When it is considered that among adult wage earners
the yearly mortality cases from accidents is estimated
at between 30,000 and 35,000, and that of this number
a very large proportion is unfortunately found in
railroad operation, the necessity for extending the
effort for prevention in every possible way is over­
whelming. Perhaps the estimate of Mr. John Calder,
given in an address to the American Society of Mechan­
ical Engineers, that the non-fatal injuries inflicted
amount to 2,000,000 a year is by no means beyond
the mark.
Mr. Calder believes that at least a third of the
present loss of life and limb can be prevented. There
are certain precautionary safeguards common to the
average workshops which may readily reduce the
number of accidents by at least one-half. The chief
causes of accidents, he finds, are ignorance, careless­
ness, unsuitable clothing, insufficient lighting, dirty
and obstructed workshops, defects of machinery and
structures and absence of safeguards.
Against ignorance and carelessness even the gods
themselves will fight in vain and the wisest rules of
instruction are too often frustrated in a way that
might cause despair. The characteristic independence
of the American workman is often the cause of his
foolishly taking hazards which endanger himself and
his fellows. Nevertheless, there is no reason why
the same intelligent administration which on several
lines has reduced accidents in the operation of passen­
ger traffic to almost nothing should not meet with like
success in the reduction of industrial accidents among
their employees. It is a remarkable triumph of

APE., 1911.]

RAILWAY AND INDUSTRIAL SECTION.

railroad management to show, as the Pennsylvania
Railroad has done, that last year on its lines east of
Pittsburgh the total number of passengers injured in
train accidents was only 84. These include every
case requiring surgical or medical attention, however
trivial. Out of every 1,000,000 passengers carried,
only one person was injured. Taking the three
years 1908, 1909, 1910, though more than four times
the population of the United States was carried on
these lines, only one passenger was killed as the result
of a train wreck.
Unfortunately the loss of life and number of injuries
in the aggregate is still a blot on the general railway
system of the United States, and is attributable in
considerable part to carelessness on the part of railway
employees in the operation of freight yards. That
serious efforts are being made to reduce the number
of accidents among the workmen is evidenced by the
example of the Baltimore & Ohio Railroad. This
company is carrying out in its shops at Baltimore,
the largest on its system, a comprehensive scheme to
ensure the safety and protection of its employees.
It has accompanied the installation of new machinery
for heavy locomotive construction and other shop
work with the best known devices and instruction for
safeguarding the men employed in operating this
machinery. All exposed parts that may in any way
jeopardize the safety of the mechanics are protected
by guardrails or metal covers. Care is taken by
notices to warn the workmen against oiling or repairing
the tools while in motion. Elevator shafts are
protected with guard rails and modern methods for
protecting men from injury or heedlessly running into
danger are carried out under strict rules.
Mr. Calder quotes the case of a plant where by the
introduction of similar preventive measures a yearly
average of 200 accidents was reduced to 64. A large
proportion of accidents, he showed, is caused by in­
sufficient lighting. Records prove plainly that the
maximum of accidents occur during November,
January and February, the months of minimum
daylight. On the other hand artificial lighting is at
times resorted to in a disproportionate way so that
the workman is subjected to physical discomforts
and incurs eye-strain. The risk of accident is con­
sequently no less under such conditions than in the
case of insufficient light. It is for the mechanical
engineer to minimize the accident risks in both cases.
There is, further, a wide field for the engineer to
exercise his best invention and skill in devising and
installing safeguarding apparatus for machines and
tools. More attention to this branch of practice may
be expected to reduce the number of accidents now
too common in industrial establishments. Machinetool builders, as Mr. Calder said, have already accom­
plished much in protecting workmen from the dangers
of toothed gears in metal working and other tools.
Yet many of the covers and enclosures found even in
the most modern workshops are often little less than
snares. It is difficult enough to educate the employee
to use caution and foresight about dangerous machines.
It becomes more so when he is called upon to work
with an impracticable safeguard.
Taking for example the common circular saw as
the "king of accident-producers,” which exacts an
annual toll of not a few lives and mutilates several
thousand workmen every year, Mr. Calder points



______ 5

out that in spite of claims to the contrary, no universal
saw-guard exists and the invention of a satisfactory
protector would be one of the greatest benefactions
that could be given to industry.
That the railroads are contributing in their modern
designed workshops and in their system of road
operations a full share to the means taken for the
prevention of accidents, may be seen from the recent
records of accident in industrial occupations, both
here and in Europe. The latest published returns
of the British Board of Trade make it certain that
there were fewer deaths from accidents in the railway
service in 1910 than in shipping and mining industries
and in factories and workshops.
Thus in industries employing nearly 0,500,000
people the statistics showed that the mean annual
death rate from accidents per 10,000 employed was
for seamen 46.1, for miners 14.2, for quarrymen 10.3,
and for railway employees 7.1. The corresponding
death rate for non-textile factory and workshop
operatives was 2.2. Allowing for the recent changes
in the system of tabulation for the annual reports of
the Inter-State Commerce Commission the accident
statistics for the American railroads prove that not
only for a series of years past has there been continuous
immunity from fatalities to passengers on a large
majority of its railroads, but that of the actual number
of persons killed and injured in the year 1910 about
75% of the deaths and more than that proportion
of the injuries cannot fairly be attributed to the
risks incidental to railway operation, but were due
to the victim’s own negligence or carelessness. For
instance, the Pennsylvania’s records for its system
state that last year there were 585 deaths and 582
injuries, but these were the result of trespassing on
the railroad’s property in violation of the law. During
the present year the Pennsylvania is conducting an
even more aggressive campaign against trespassers
with a view to decreasing this number of casualties,
which should be treated as entirely distinct from
railway operation accidents. As to the hazards of
train crews, it is noteworthy that the record for 1910
showed a remarkable gain in safety compared with
years of great transportation activity.
FEATURES OF RECENT OPERATION RETURNS
OF THE RAILROADS.
In the controversies that have raged around the
railroads during the last few years over their regulation
by legislation, their financial status, and the pro­
portion of their earnings to the maintenance of service
and returns upon their capitalization, consideration
of their actual operation has been apt to be overlooked.
Reports of individual roads and systems are being
published with greater frequency, giving fuller details
of the working of the roads than used to be the case.
Not only for the increasing number of stockholders, but
for the outside public interested in the country’s chief
industry, the supply of such authoritative information
is essential for the general appreciation of the functions
of the railroads and their efforts to meet their respon­
sibilities and fulfil their obligations.
In detail, however, the very magnitude of the
American railway system is confusing, and its signifi­
cance is lost in the mass of statistics furnished by
about 360 railway companies. The returns made
by the railroads at great expense and labor in con­

6

RAILWAY AND INDUSTRIAL SECTION.

[VOL. LXXXXII.

nection with the freight rate hearings by the Inter­ The tractive power of the average locomotives of 1910
State Commerce Commission covered almost the was 370 pounds per ton weight, as compared with
whole field of railroad operation, but are likely to 301 pounds per ton in 1902. Nearly three-fifths
remain merely a mine of crude material in the archives of all locomotives purchased are for freight service.
of the Commission. That investigation made more During the past twenty years the average weight per
evident the desirability of collecting official railway locomotive has nearly doubled. Roundly speaking,
statistics in a uniform manner and according to a two-thirds of the locomotives in active service have
well-defined system of classification so that comparison been built since 1897 and in that period there has been
might be easily made from year to year. Unfortuna- a veritable transformation in the size and type of
ately the new methods of accounting required by the locomotives. The halting of transportation since the
Commission from the railroads have introduced beginning of the year, as shown in the great surplus
changes in the regular periodical reports which have of idle cars, will make less pressing the need of ad­
considerably impaired their usefulness for purposes of ditional rolling stock. But with a recovery in traffic,
comparison with the earlier years.
larger further investments in new locomotives would
In supplying data no longer available from that speedily become necessary, to add to the present total
source, owing to the Commission having ceased the prep­ of approximately 59,133 locomotives of 1,578,000,000
aration of certain tables, the publication of the Bureau pounds tractive power and 4,271,000 tons weight,
of Railway News and Statistics of Chicago, is perform­ exclusive of tenders. According to the estimate
ing a useful purpose. To some extent this compilation given by the Bureau, the locomotives of the United
remedies the break which took place in the Com­ States railway represent an investment of almost
mission’s railway tables between the years 1907 and 8777.322.000 in thirteen years.
1908, just when strict continuity in the forms of As regards cars no item in railroad operation shows
certain tables would have given a safe clue to trace more clearly than this class of equipment the effect of
the effect of the panic of 1907 on the transportation the business depression and the fluctuations in the
industry.
process of recovery. The Bureau’s returns mako the
While criticizing with reason the judgment of the present numbers approximately 49,890 passenger
Commission in making the changes it has seen fit to cars, and 2,134,000 freight cars, having a capacity of
adopt, the Bureau of Railway News’s annual summary 74.043.000 tons. Since 1908 the purchases of equip­
is devoted mainly to the presentation of the chief ment have just about taken care of replacement.
divisions of the railway statistics in such a way as to There would have been a noticeable decrease in the
give a clear understanding of the essential factors in freight car capacity per mile of line except for the
railroad operation. With its help, one is enabled to fact that the increased capacity of the cars has more
get a readily intelligible survey of what the railroads than made up for the decrease per mile. In size the
are doing in construction, equipment of locomotives 30-ton-car still outnumbers any other class, but the
and cars, and in employment and remuneration of prospect is that within two years it will be exceeded in
labor. The data furnished for making a comparison in aggregate capacity by the forty-ton car, with the fiftythese respects with the railways of foreign countries ton car not far behind. This increased capacity to
make the synopsis the more interesting.
a great extent lessened the unfavorable inference
The outstanding feature of present day railroad drawn at first blush from the sudden increase in the
operation in the United States is the tendency to use number of surplus idle cars in the early part of this
larger units. The cars are of bigger capacity and year. Thus, though the surplus reported on March 15
heavier weight. The locomotives are of greater power 1911—the largest since July 1909—was a sure index
for speed and haulage. Sidings, yards, shop-buildings of the diminishing volume of trade, yet a large pro­
and terminals are all assuming larger dimensions. portion of the surplus was undoubtedly accounted for
For the heavier traffic the tracks must be relaid with by the increased capacity of the cars, the greater
heavier rails and to attain eventual greater economy efficiency in loading, the lessened demurrage, and the
in operation, vast expenditures are being incurred.
quicker average movement of freight cars. All these
That railway construction and extension have kept were signs of a marked improvement in the perform­
abreast of the country’s growth during the last two ance of American railway equipment, the maintenance
decades is seen from the facts that the ratio of the of which in serviceable condition alone cost the rail­
inhabitants per mile of line was the same in 1910 as in ways last year over $407,000,000.
1890, the increase being 21 per cent per decade, while But this item, large as it is, looks small beside the
the relation of mileage to area has increased by 45 per 42 per cent which labor absorbed from the gross earn­
cent in twenty years. In miles of line the United ings of the railways. The Bureau computes the
States has over ten times as many miles as the United number of employees as 1,754,400 who received in
Kingdom, and its total trackage is six times greater. compensation the gigantic sum of approximately
This contrast in magnitude has always to be considered $1,172,181,000. The average compensation shows
in drawing inferences when comparing the operation an advance from $2 24 per day in 1909 to $2 29 in
of American and European railways.
1910. The pay-roll for 1911 will be all the heavier
The renewal of activity in the building of loco­ on the average, inasmuch as only a part of the ad­
motives and cars last year was necessitated by the vances in wages was operative during the closing
failure to maintain the normal increase in equipment, months of 1910. The average compensation per year
due directly to the paralzying effect of the trade for railway employees in the United States is $608.
depression following the panic. The official returns In the United Kingdom, the average pay per year is
for 1909 showed an actual decrease of 15,090 in the $251, in Germany $382, in France $200, in Russia $203,
number of freight cars reported, and an increase of in Switzerland $292, in Austria $200 and in Italy
only 407 in passenger cars and 479 in locomotives. $287.



RAILROAD COMPANIES.

FOR MISCELLANEOUS COMPANIES, ETC., SEE PAGES 142 TO 163, INCLUSIVE.
E X P L A N ATO H Y.—Tills Supplem ent Is expressly Intended for use In connection w ith the Investm ent news and
•week In the “ Chronicle.” F requent reference Is therefore m ade to the volum e and page of the Chronicle (as V. 8 8 , p. 000).
A
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m ay be found. Following also each statem en t Is given a reference to the latest news Item In th e • Chronicle
th c . p . reports are n
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i’m lf r .- T iy ^ o m ia n y not In regular alphabetical order m ay be found by m eans of the Index, on another page, to roads leased “ d “ “ ^ 5 “ ?.; „
Dividends.—Thc dividends tab u lated In the te x t are t h o s e actually paid during the calendar years nam ed. Irrespective of when earned, dividend Is
Sectwftfes.—1T heseYrc described In table a t head of page (except the stock, for lack of space, som etlm ra only to te x t below) ^ fo llo w s:
N et Earnings are given after deducting operating expenses and frequently taxes, b u t n ot Interest, rentals or other llxcd charges.
M iles of Road.— O pposite bonds, this m eans th e miles of road owned covered by the m ortgage.
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PITTSBURGH— „
— S t L o u is U n io n T r u s t
WC — W e s te r n T r A S a v B k SStSAN
CoBa— C o n ti n e n t a l T r u s t
K — K n ic k e r b o c k e r T r u s t
C P i — C o lo n ia l T r u s t C o
FRANCISCO—
FBa — F id e lit y T r u s t C o
M a— M a n h a tta n T ru s t
p p j — F id e lit y T i tl e A T r u s t
C
S
—
C
a
lif
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r
n
ia
S
a
f
e
D
e
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o
s
it
LOUISVILLE—
MBa
—
M
a
r
y
la
n
d
T
r
u
s
t
M e— M e r c a n tile T r u s t
p p i — P itts b u rg h T ru s t
A T ru st
— C o lu m b ia F in a n c e A T r
MeBa— M e rc a n tile T r & D e p CL
M p — M e tr o p o lit a n T r u s t
U P i — U n io n T r u s t
— F id e lit y T r & S a f e ty V
SBa — S a fe D e p & T r u s t C o FL
N —New Y o rk T r u s t
LL — L o u is v ille T r u s t
Subscribers will confer a favor by giving immediate notice of any error discovered in these tables.

Ita — B a n k e r s T r u s t
Ca
— C a rn e g ie T r u s t
Ce
Co —— CCeonl tru ma l b Ti ar uTs rt u s t

S — S ta n d a r d T r u s t
f a — T r u s t C o o f A m e r ic a
U n — U n io n T r u s t
U s — U n it e d S t a t e s T r u s t
U s m — u s M tg e A T r u s t C o

R A IL R O A D C O M P A N IE S.
[For abbreviations, & c., see notes on first page]

Miles Date
Road Ronds

Adirondack
Ry—S e eBelt—
D e la w a r e & H u d s o n C o .
Akron & Barberton
1 st M s f (te x t) g -U s m .c * A r
Alabama
Great
Southern—
O r d i n a r y s t o c k .............................
• P r e f e r r e d s to c k 0 % $ 4 ,0 0 0 ,0 0 0

--------------------------------------F i r s t M g o ld e x t In 1 9 0 8 (V 8 5 , p 1 6 1 5 . 1 4 6 0 ) _ - - F . c
• G e n e r a l m o r tg a g e £ 1 , 1 6 0 . 0 0 0 . . ......................... ............C e .c
C a r t r u s t $ 5 0 ,0 0 0 d u e s e m i- a n n u a lly g o l d ................... N
CS
Do
$ 7 4 ,0 0 0 d u e s - a g o ld (V 8 2 , p 8 6 7 ) ---------Do
S c rie s E , d u e $ 5 0 ,0 0 0 s - a (V 8 8 , p 1 5 5 9 )
Alabama
Midland—
S e c A t l a n t i c C o a s t L in e R R
A!a N O T e x & Pac Jet— P r e f e r r e d " A ” s t o c k 6 % c u m
• D e f e r r e d " B " s t o c k . - ...................- - - - - - — --------------" A " d e b e n t u r e r e d e e m a b l e s in c e 1 9 1 0 a t 1 1 5 - - - • " B " d e b e n t u r e s In c o m e r e d e e m s in c e 1 9 1 0 a t 1 1 5

Alabama &

V i c k s b u r g — S to c k (s e e t e x t ) - - - - - V i c k s b u r g A M e r id ia n 1 s t M g $ 1 , 0 0 0 , 0 0 0 . - - F .x o
A l a b a m a A V ic k s b u r g c o n s 1 s t M $ 1 ,8 0 0 ,0 0 0 K -C c
2 d M o r lg $ 7 0 0 ,0 0 0 g ( 1 s t M o n 8 ,2 9 7 a c re s ) Cc
Albany
& Northern — 1 s t M g o ld ( $ 5 0 ,0 0 0 a r e p r e f ) .
Albany
& S u s q — S to c k d iv id e n d s g u a r b y D A II (e n d )
1 s t M $ 1 0 ,0 0 0 ,0 0 0 g g u p A I c o n v ( t e x t ) .U s m ,c * & r
Albany & Vermont—S to c k 3 % g u a r a n t e e d b y r e n t a
Alberta &C &GtHWat—
1 s t M d e b $ 7 ,4 0 0 ,0 0 0 g g u t e x t
Algoma
B a y — 1 st M g g u re d 105 tc x t.U s m .c

Amount
Par
Value Outstanding

$ 9 9 6 ,0 0 0
$ 1 ,0 0 0
5 0 7 ,8 3 0 .0 0 0
5 0 3 ,3 8 0 ,3 5 0
1 .7 5 0 .0 0 0
1 ,0 0 0
1878
£ 8 1 0 .0 0 0
£100
18X8
$ 4 0 0 ,0 0 0
1 ,0 0 0
1905
7 4 0 .0 0 0
1 ,0 0 0
1906
8 5 0 ,0 0 0
1 ,0 0 0
1909
_____
£ 1 0 £ 1 ,5 0 0 ,0 0 0
£ 7 4 8 ,8 5 0
1895
1890
£ 2 0 A c £ 1 .0 4 8 ,3 9 0
1890
£20 Ac
£ 8 1 0 ,6 5 3
1906
1 ,0 0 0
$ 6 6 2 ,0 0 0
1 0 0 2 .1 0 0 .0 0 0
1 ,0 0 0 ,0 0 0
1881
1 ,0 0 0
1889
100 &c
5 8 8 .8 0 0
1889
100 Ac
4 4 7 .4 0 0
4 0 0 .0 0 0
1 .0 0 0
1896
1 0 0 3 .5 0 0 .0 0 0
1 9 0 6 1 ,0 0 0 A c S e e t e x t
6 0 0 .0 0 0
100
7 ,4 0 0 .0 0 0
1909
1 ,0 0 0
£100
£ 9 2 4 ,60C
1910
1 9 11 $ , £ , &c S e e t e x t

1902
290
___
____
—
75
143
143
143
143
35
142
12
—

AKRON & BARBERTON BELT R R .— O w n s a b e l t li n e a r o u n d B a r b e r ­
t o n . O ., a n d a ls o e x t e n d s to F a lr la w n a n d A k r o n , O .; t o t a l 4 0 .2 m ile s , a
c o n s o l id a tio n In M a y 1 9 0 2 ; V . 7-1. p . 1 0 8 8 . S to c k , 5 1 0 0 ,0 0 0 , o w n e d e q u a l ly
b y th o C le v e la n d A k r o n & C o l u m b u s , H a lt . & O h io , U ric l i l t , a n d N o r t h e r n
O h io B y . B o n d s o u t h . . { 1 .5 0 0 ,0 0 0 - Is s u e d , 3 1 ,1 0 0 .0 0 0 ; $ 1 0 4 ,0 0 0 r e d e e m e d
b y s in k in g f u n d ; $ 4 0 0 ,0 0 0 r e s e r v e d f o r f u t u r e r e q u i r e m e n t s . D r a w n a t 1 0 5
y e a r l y f o r s in k in g f u n d o f $ 1 1 ,5 5 0 p e r a n n u m . — ( V . 7 8 , p . 2 5 9 8 .)
ALABAMA (iREAT SOUTHERN RR.— {See M ap Southern H u .) — -O w n s
W a u h a t e h l e , T e n n .. to M e r id ia n , M is s ., 2 9 1 m ile s ; le a s e s W a u b a t c h l c to
C h a t t a n o o g a , 5 m ile s , a n d B e l t R y . o f C h a t t a n o o g a . 4 9 m ile s ; o w n s h a lf
I n t e r e s t In W o o d s to c k & B l o c t o n I t y . , 8 m ile s ; t r a c k a g e to G a d s d e n , A l a . ,
(1 m ile s ; t o t a l o p e r a t e d , 3 5 8 m ile s .
O R G A N I Z A T I O N — C o n tr o l le d b y S o u t h e r n I l y . , b u t o p e r a t e d In d e D c n d e n t ly . V . 8 1 . P . 1 7 2 2 ; V . 8 2 . p . 1 5 9 . O w n s $ 8 3 3 ,3 0 0 s to c k o f S o u t h ­
w e s t e r n C o n s tr u c t io n C o . r e c e iv e d In e x c h a n g e f o r $ 8 3 3 ,3 0 0 C i n c i n n a t i N e w
O r l e a n s A T e x a s P a c if ic s t o c k .
D I V I D E N D S .— ’0 1 . ’0 2 . '0 3 . ’0 4 . '0 5 t o '0 8 . 1 9 0 9 .
1910.
1911.
C o m m o n s t o c k ------- 0
0
0
0
0
J u n e , 2 B e lo w
— Pref.
stock........... 9 9 10 9 , 0 ,Jr,carly, 0
111 1 9 1 0 , J u n e , 2 % ; D e c ., 2 H % - V . 9 1 , p . 1 0 2 8 .

8

Feb., 3

B O N D S .— G e n . m t g e . 0 s . £ 4 8 4 ,0 0 0 . w ill r e t i r e f ir s t 0 s a n d d e b e n t u r e s .
L A T E S T E A R N I N G S .— 1 1 0 1 0 -1 1 -------G r o s s , $ 3 ,0 9 0 ,0 4 2 ; n e t , $ 9 3 0 ,2 1 8
8 m o t . , J u l y 1 to F e b . 2 8 .1 1 9 0 9 - 1 0 ------- G ro s s , 2 ,7 2 4 ,1 8 8 ; n e t , 8 3 5 ,7 5 9
A N N U A L R E P O R T .— R e p o r t f o r y e a r e n d in g J u n o 3 0 1 9 1 0 ,In V . 9 1 ,
p . 1 1 5 0 , s h o w e d : G ro s s , $ 4 ,2 2 1 ,0 0 0 ; n e t , In c lu d in g o u ts id e o p e r a tio n s ,
$ 1 ,1 8 1 ,3 0 1 ; o t h e r I n c o m e , $ 3 0 1 ,2 4 4 ; d e d u c t i o n s , $ 5 5 4 ,0 £ 5 ; b a la n c e fo r
s t o c k . $ 9 2 & ,5 7 2 ; p r e f . d l v s . ( 0 % ) , $ 2 0 2 ,8 2 1 ; c o m . d l v . ( 2 % ) , $ 1 5 6 ,0 0 0 ,
b a la n c e , s u r p l u s , $ 5 0 9 ,1 5 1 .— ( V . 8 9 , p . 1 2 7 6 : V . 9 1 , p . 1 1 6 6 , 1 0 2 8 .)

ALABAMA
ORLEANS TEXAS & PACIFIC JUNCTION RAIL­
WAYS
(Ltd.).—NEW
A n E n g lis h c o . c o n t r o l l i n g A l a . & V i c k s b u r g , 1 4 3 m ile s ;
V ic k s . S h r e v e p o r t & P a c . . 189 m . ; N e w O r l e a n s A N o r . h a s t . , 1 9 0 m ile s .

D I V I D E N D .— P r e f . " A , " 3 M % M c h . 10 1 9 0 8 ; 2 1 4 % M c h . 1 9 1 0 , a n d
4 H % M ch . 1911; o v e rd u e a b o u t 1 6 1 % .
S E C U R I T I E S O W N E D .— A l a b a m a & V ic k s b u r g $ 3 0 ,0 0 0 1 s t m t g e . ,
$ 3 5 “ 4 0 0 2 d m t g e . , $ 1 4 1 ,1 0 0 c o n s o l, i n t g c . a n d $ 1 ,1 6 8 ,0 0 0 s t o c k ; V ic k s ­
b u r g ’ S h r e v e p o r t & P a c if ic . 5 1 ,0 1 3 ,0 0 0 g e n . m t g e . $ 2 ,0 8 0 ,1 0 0 p r e f . a n d
$ 2 7 7 3 5 0 0 c o m s to c k ; N e w O r l e a n s & N o r t h E a s t e r n , $ 5 ,2 9 5 ,0 0 0 g e n .
m t g e . . * 1 ,5 0 0 ,0 0 0 In c o m e s a n d $ 5 ,3 2 0 ,0 0 0 s to c k : S o u t h w e s t e r n C o n s tr u c ­
t i o n C o ., $ 4 4 8 ,7 0 0 s to c k ; R a i lr o a d L a n d s C o ., $ 1 0 8 ,8 5 0 (o f $ 1 2 0 ,0 0 0 ) s to c k .
C O U P O N P A I D — F o r : ’9 4 . ’0 5 . ’9 0 . ’9 7 . '9 8 . '9 9 . ’0 0 . ’0 1 . ’0 2 to '1 0 .
...........................% .8 7 5 1 2 8 2 K 4 « 5
5
5 5% year y
"B ” do
"C " do
______
______
. . . . %7b -- -- - -- - - ---- -- -- Ll 7a
Hi - - 2 % '>5 %/o y3 e a r ly
l u c a l. y e a r 1 9 1 0 n e t f r o m I n v e s tm e n ts w a s $ 2 0 4 ,8 4 8 :
E A R N I N G S .— In
p a i d g e n e r a l e x p e nusses
e s ( £ 4 ,3 5 8 ) . In c o m e t a x ( £ 1 1 ,1 9 5 ) , I n t e r e s t o n " A ” d e ) . o n " B " d e b e n t u r e s 5 % p a i d In J a n . 1911 ( £ 4 9 ,3 0 2 ) , o n
" ^ " " d e b e n t u r e s , 5 % p a id D e c . 1 1911) ( £ 3 8 ,1 0 9 ) ; s i n k , f u n d to e x t i n g u i s h
d e b e n t u r e d is c o u n t, £ 4 .6 0 0 , b r o u g h t In f r o m 1 9 0 9 , £ 4 ,8 9 5 d l v . p r e f . A
( ) % ) , £ 6 3 ,5 0 2 ; b a la n c e , s u r p l u s , £ 3 ,2 3 9 .— (V . 9 2 , p . 4 0 0 .)
ALABAMA TENNESSEE & NORTHERN RR.—O w n s R e f o r m , A l a ., o n
M o b ile A O h io , to Y o r k , 7 5 m ile s , c o m p le te d D e c . 1 9 1 0 . S to c k a u t h o r i z e d ,
* 1 0 ,0 0 0 p e r m ile : o u t s t a n d i n g . * 5 5 0 ,0 0 0 .
O f t h o b o n d s ($ 1 ,5 0 0 ,0 0 0 a u t h . is s u e ) , $ 2 3 2 ,0 0 0 w e r e I s s u e d a g a i n s t
th o I Ira t 2 9 m ile s , $ 3 0 ,0 0 0 h a v e b e e n Is s u e d f o r a s te e l b r id g e o v e r t h e
T o m b lg b c o R i v e r . * 1 0 .0 0 0 w e re I s s u e d fo r a s te e l b r id g e o v e r t h e N o x u b e e
R i v e r , r e m a i n d e r I s s u a b le a t t h e r a t e o f $ 8 ,0 0 0 p e r m ile f o r a d d i t i o n a l
4

4




Rate

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

4 g J & D Ju n e 1 1942
S e e t e x t Set. t e x t D e c 3 0 '1 0 2 Vi
6 In 1 9 1 0 F A A F e b 2 5 ’ l l 3 %
5 (6) g J A ■ J D e c 1 1 9 2 7
5 g J A D D ec l 1927
4 M g F A A T o F e b 1915
M A N T o M ay 1 1916
4H
4 H J A J J u l y ' l l - J u l y '1 9
S e e t e x t M a rc h M c h ' l l . 4 1 4 %
5 g M A N N o v L 1940
5 g M A N N o v 1 1940
5 g A A O N o v 1 1940
5 g A A O O c t 1 1956
7 In 1 9 1 0 Y e a r ly S e p t 2 1 9 1 0 7 %
6 g A A o A p r 1 1921
5 g A A 0 A p r 1 1921
5 g A A o A p r 1 1 9 21
5 g .1 A J J a n 1 1 9 4 6
1 2 .4 5 J A .1 J a n 1 9 1 1 7 .9 5
A p r 1 1946
3M g A A
M A N M a y l5 1911 1 H
3
5 g J A J J a n 1 1959
5 g J A D J u n e 1 1960
5 g M A S M c h 1 1 9 61

n illC c lK O , UUV u m y

o

W U U Il t l l C IIUI, C d i u i u s a v m c u m

U S M tg e A T r C o , N Y
S ee te x t
do
F a rm L A T r. N Y ; A B os
G l y n , M ills , C A C o . L o n
B l a ir A C o . N e w Y o r k
F ra n k lin T r u s t C o , N Y
E m p ire T r u s t C o , N Y
London
G i y n l M ills . C & C o , L o n
do
do
Sec te x t
K n ic k e r b o c k e r T r C o ,N Y
C e n tra l T r u s t C o . N Y
do
do
do
do
do
do
H a r a b l e t o n & C o ,B a l t
D el A H u d so n C o. N Y
do
do
T ro y , N Y
N Y , M o n tr e a l A L o n d o n

--------------------------e » - - - -

, ,,r .

v lo u s lls c a l y e a r a r c e q u i v a l e n t t o I n t e r e s t o n b o n d s t o b e I s s u e d In a d d i t i o n
t o b o n d s o u t s t a n d i n g , a n d $ 2 0 0 ,0 0 0 f o r e q u i p m e n t o n t h e b a s is o f 1 0 - l l t h s
o f c o s t o f e q u i p m e n t . V . 8 3 , p . 1 0 3 6 . G u a r a n t e e s , J o in tl y w i t h T o m b i g b c e
V a lle y R R . , t h e M o b ile T e r m in a l & R y . 1 s t 0 s ($ 5 0 0 ,0 0 0 a u t h . I s s u e ) , o f
w h ic h $ 2 5 0 ,0 0 0 o u t s t a n d i n g . V . 9 1 . p . 7 1 0 . F o r y e a r e n d i n g J u n e 3 0
1 9 1 0 . g r o s s , $ 8 0 ,4 8 3 , a g a i n s t * 0 1 ,7 1 5 In 1 9 0 8 -0 9 ; n e t , * 4 8 .3 2 7 , a g a i n s t
$ 3 3 ,0 9 5 . F o r 8 m o s . e n d in g F e b . 2 8 1 9 1 1 , g r o s s , * 8 1 ,0 8 7 . a g a i n s t * 5 5 .4 6 7
In 1 9 0 9 -1 0 : n e t , * 3 9 ,7 2 0 . a g a i n s t * 3 0 .7 0 0 .— V . 9 1 . p . 7 1 6 .
ALABAMA & VICKSBURO RY.—O w n s V i c k s b u r g t o M e r id ia n . M is s .,
a n d b r a n c h , 1 4 3 m ile s . C o n tr o l le d b y A l a b a m a N e w O r l .
*“ •
S T O C K .— S to c k w a s I n c r e a s e d f r o m $ 1 ,0 5 0 ,0 0 0 t o $ 2 ,1 0 0 ,0 0 0 In J u n e
1 9 1 0 . t h e n e w s to c k b e in g d i s t r i b u t e d n s a 1 0 0 % s t o c k d i v i d e n d .
D I V I D E N D S .— 1 8 9 0 to 1 8 9 2 , 3 % y e a r l y ; 1 8 9 6 . 3 % ; 1 8 9 7 to 1 8 9 9 . 5 % :
1 9 0 0 to 1 9 0 2 . 6 % y e a r ly ; 1 9 0 3 . 9 % ; 1 9 0 4 t o 1 9 1 0 . 7 % y e a r l y . S t o c k
d iv id e n d 5 0 % In 1 9 0 0 a n d 1 0 0 % In 1 9 1 0 .
B O N D S .— $ 1 ,0 0 0 ,0 0 0 c o n s o ls a r c h e ld t o r e t i r e V ic k s . & M e r id ia n f i r s t s .
E A R N I N G S .— 8 m o s . , f l 9 1 0 - l l -----------G r o s s , * 1 ,2 2 5 .5 5 3 ; n e t . * 3 7 8 .1 5 8
J u l y 1 to F e b . 2 8 .
1 1 9 0 9 -1 0 _______ G r o s s , 1 ,1 3 0 ,3 8 3 , n e t , 3 6 7 .0 1
R E P O R T . — F is c a l y e a r e n d s J u n e 3 0 . R e p o r t , V . 9 1 , p . 1 2 4 8 .
y e a rs—
Gross.
Net Inc. ’ tn t.. A c. B at.. .S tir
D M dend.
1 9 0 9 -1 0
.* 1 ,0 7 2 .3 5 0 * 5 6 2 ,4 6 5 $ 1 2 0 ,4 3 7 $ 4 4 2 ,0 2 8 ( 7 % ) * 1 4 7 .0 0 0
1 9 0 8 -0 9 _______ 1 .5 2 6 .3 5 7 3 5 9 .4 2 8
1 2 0 ,3 3 2
2 3 9 ,0 9 b
( 7 % ) 7 3 .5 0 0
— (V . 8 9 . 1>. 1 2 2 2 . 1 5 9 4 : V . 9 0 , p . 1 3 0 1 : V . 9 1 . p . 1 1 5 9 , 1 2 4 8 .)
ALASKA NORTHERN RAILWAY.—P r o j e c t e d f r o m S e w a r d o n s o u t h
c o a s t o f A la s k a n o r t h to n e a r F a i r b a n k s , o n T a n a n a R i v e r , 4 5 0 m ile s . O f
t h i s . 7 0 m lle s f r o m S e w a r d n o r t h w e re In o p e r a t i o n S e p t . 1 OT. a n d 4 2 m ile s
p a r t l y c o n s t r u c t e d . P r o j e c t e d 3 0 m ile s to c o a l fie ld s a u d 3 0 0 m ile s to
I d a t a r o d g o ld H e ld s . S u c c e s s o r to A l a s k a C e n t. R y . . fo r e c lo s e d O c t. 11
1 9 0 9 V . 8 9 . p . 1 1 4 0 . 1 2 2 2 ; V . 8 7 , p . 2 8 1 . S to c k a u t h . , $ 3 0 ,0 0 0 ,0 0 0
P r e s .', O s c a r G . L a b c r e e , S p o k a n e , W a s h . - ( V . 8 9 , p . 1 2 2 2 .)
A I BAN Y & NORTHERN RY.— A l b a n y , G a ., to C o r d c le , 3 7 m ile s .
I n F e b r u a r y 1 9 1 0 t h e G e o r g ia S o u t h w e s t e r n & G,u1lL a c ^ J r ^ „ c ? ,^ lr,? ]'
V 9 0 . p . 5 0 3 . S t o c k . $ 3 5 0 ,0 0 0 : p a r o f s h a r e s , $ 1 0 0 . O f
b o nd s.
* 5 0 ,0 0 0 n a v e a p r io r lie n . S e e o ffic ia l s t a t e m e n t . V . 7 0 , p . 7 4 9 . C a r t r u s t s
0 s , * 2 1 ,0 0 0 . d u e $ 3 ,0 0 0 y e a r ly to N o v . 1 1 9 1 0 I n c lu s iv e . Y e a r e n d in g
J u n o 3 0 1 9 0 9 . g r o s s . $ 7 9 ,0 9 9 : n e t in c o m e . * 1 2 ,7 0 1 ; t n t . o n b o n d s , 5 - 1 .4 5 8 ,
ta x e s a n d r e n t a l s , $ 4 ,5 3 2 ; b a l .. d e l . , * 1 3 .2 2 9 . P r e s , a n d G en a M g r. W M
L c g g : S e c . a n d T r c a s . , I I . J . B r u t o n . O ff ic e , A l b a n y . G a .— ( V . 9 0 . p . 5 0 1 )
ALBANY & SUSQUEHANNA RR.— (S e e M a p Delaware <fc H u d s o n .) —
R O A D .— O w n s A l b a n y t o B i n g h a m t o n , N . Y . , 1 4 2 m ile s .
L E A S E D f o r t e r m o f c h a r t e r , v i z ., 1 5 0 y e a r s f r o m A p r i l 1 9 1 8 5 1 . t o D e l. &
H u d s o n C o .: r e n t a l w a s 9 % p e r a n n u m o n s to c k (s e e g u a r a n t y , V . do, p
7 7 4 ) b u t t h e c o u r t s h a v in g h e ld t h a t t h e s to c k Is e n t i t l e d to t h e b e n c l lt o
r e f u n d i n g e lfc c tc d In 1 9 0 0 . $ 1 2 0 ,7 5 0 a d d i t i o n a l r e n t a l w ill b e p a d in J a n .
y e a r l y , b e g in n in g 1 9 1 0 . m a k in g 3 .4 5 % a v a ila b le f o r e x t r a d i v id e n d s o n
t h e s t o c k . A s p e c ia l d iv id e n d o f 3 0 % ($ 1 ,0 5 0 ,0 0 0 ) w a s p a id N o v . 1 6 1 9 0 9
fro m th e p ro c e ed s o f th e J u d g m e n t fo r b a c k re n ta ls d u e b y re a s o n o f re ­
fu n d in g . V . 8 9 . P- 1 1 4 1 . 1666; V . 9 0 . p . 9 1 3 .
B O N D S .— T h e * 1 0 ,0 0 0 .0 0 0 3 H s I s s u e d to r e f u n d t h e $ 1 0 ,0 0 0 ,0 0 0 6 s a n d
7 s A p r il 1 1 9 0 0 w e re In J u n e 1 9 0 5 o ffe re d a t p a r p r o r a t a to s to c k h o ld e r s o r
t h e D . & I I . T h o b o n d s a r e g u a r . p . & I ., a n d u n t i l A p r i l 1 1 9 1 6 c o n v e r t i ­
b le I n to D . * I I . s t o c k — * 5 0 0 s to c k f o r * 1 ,0 0 0 b o n d s . p I_ t.,,0 1
f> 5 6,0 00 h a d b e e n c o n v e r t e d t o A p r . 1 9 1 1 . V . 8 0 . p . 1 1 7 4 . 1 3 0 J . s:d 4 d .
F o rm of g u a ra n ty . V . 8 2 , p . 9 8 9.
1 9

8

[VOL. LXXXXIl.

RAILWAY STOCKS AND BONDS.

• • R A IL R O A D C O M P A N IE S .
M iles Date
[For abbreviations , «fee., see notes on firs t page]
Road Bonds
A l le g h e n y & W e s t e r n — S t o c k $ 3 ,5 0 0 ,0 0 0 ) ______________

Par
Am ount
Value Outstanding

Rate
%

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

$100 $ 3 ,2 0 0 ,0 0 0
6 g
A
J a n 3 1 9 11
A I s e ll n A C o , N e w Y o r k
F i r s t M $ 2 ,5 0 0 ,0 0 0 g o ld g u a r p A 1 ( e n d ) _____Q .c *
1898
1,000 2,000,000
4 g
A
O c t 1 1998
do
do
A l le g h e n y V a lle y — S e e P e n n s y l v a n i a H R
A l le n to w n T e r m i n a l — 1 s t M g u a r p A I (e n d ) g_ _ C e .x c *
1
8
8
9
4
5
0
.0
0
0
1,000
4
g
A
J u ly 1 1919
N
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k
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P
h
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a
d e lp h ia
A l to n J a c k s o n v i l l e & P e o r ia R y — 1 s t M $ 8 0 0 ,0 0 0 g o ld
1
9
0
5
200.000
1,000
5 g
A
M ch 1 1937
N e w Y o r k A S t L o u is
A m a d o r C e n t r a l — 1 s t M g o ld (2 % s f b e g in s 1 9 13 )
13 1 9 0 8
3 0 0 .0 0 0
500
5 g
A
N ov 21938
U n io n T r C o , S a n F r a n
A n n A r b o r — F i r s t m t g e $ 7 ,0 0 (1 ,0 0 0 g o ld _____M p .x c *
292 1895
7
.0
0
0
.
0
0
0
1,000
4
g
Q—J
J u ly 1 1995
M e t r o p o lit a n T r C o , N Y
2 - y e a r g n o t e s s e c b y $ l , 0 0 0 .0 0 0 l m p t A c x tb d s r e d 101
1911
6 0 0 .0 0 0
5 g
A
1,000
M ay 1 1913
N e w Y o rk
I m p t a n d e x t M $ 1 0 ,0 0 0 ,0 0 0 g o l d ___
1911
S ee te x t
5 g
A
M a y 1 1 9 41
E q u i p b o n d s , s e r A g o ld d u e $ 3 3 ,0 0 0 s e m f - a n n " ' B a
1
9
0
9
5
6
1
.0
0
0
1,0 0 0
5
g
A
T o N o v 1 1919 B a n k e rs T r C o, N Y
d o s e r 13 g d u e $ 3 0 ,0 0 0 s - a r e d 1 0 2 H (V 9 2 , d 59’)
1911
1,000
6 0 0 .0 0 0
5 g
A
T o J a n 1 1 9 21
A rg e n tin e C e n tr a l— 1 st M re d 1912 a t 106
1906
6
A
200,000
500 Ac
J a n 1 1926
4 th N a t B k , N Y A D e n v
A r i z o n a E a s t e r n — G lia V a il G1 A N 1 s t M g o ld i n i ' M n
125 1894
1 .4 9 9 .0 0 0
5 g
a ; N o v 1 1924
1 ,0 0 0
F i r s t r e f u n d i n g m o r t g a g e __________
^
S o P a c C o 120 B w a y N Y
7 .0 0 0 .
0 0 05
A r k a n s a s L o u is ia n a & G u lf— 1 s t M $ 6 ,6 6 6 ’o d d g o ld "
l 13 1 9 0 7 ' “■ £666 1 .2 3 0 .0 0 0
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A s h l a n d C o a l & I r o n — S to c k
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C h e c k f r o m C o ’s o ffic e
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1900
3 0 0 .0 0 0
1,000
4 g M A N M ay 1 1925
N ew Y o rk T r u s t C o , N Y
A s t o r i a & C o l u m b i a — F i r s t m tg e 5 8 ,0 0 0 . 0 0 0 . .V .V .C e
3 .2 8 0 .0 0 0
1896
4 g F A A A u g 7 1996
A t c h i s o n & h a s t e r n B r id g e — 1 s t M g s f r e d a t p a r . _C c
1,0 0 0
1898
4 6 9 .0 0 0
J A J J u ly 1 1928
4
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100 1 6 5 ,6 4 5 ,0 0 0 In l ! ) l 0 Q—M J u n e I ’l l 1H % CC he en ctrkasl mT ar uil se td Cfo,’
ro m N Y
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__
d
o
d
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C h le a g o A S t L o u is 1 s t M (5 1 0 ,0 0 0 p m ) c u r . . . . F ' . c
142 1885
1,0 0 0
6
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0
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M A S M ch 1 1915
5 N a ssa u S tre e t, N Y
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4 4 0 1 8 8 7 1 .0 0 0 A c
5 6 0 .0 0 0
5 g J A J J a n 1 1937
do
do
G e n e r a l m o r tg a g e g o ld (s e e t e x t ) . . ................U n .c * & r 8 .3 4 1
5 0 0 A c 1 5 0 ,6 3 4 ,5 0 0
4 g A A O O c t 1 1995
do
do
• A d j u s t In c M c u m s in c e J u l y 1 1 9 0 0 g . . C c . c * & r 8 .3 4 1 11 88 99 55
5 0 0 A c 1 9 .6 6 8 .5 0 0
4 g
N ov
J u ly 1 1995
do
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• d o d o I n t e r e s t s t a m p e d p a y a b l e M & N _____ 8 .3 4 1 1 8 9 5
5 0 0 A c 3 1 .6 7 7 .5 0 0
4 g M A N J u ly 1 1995
do
do
• E a s t e r n O k la h o m a D lv 1 s t M 5 9 ,6 0 3 .0 0 0 g ( i . c - & r
4 8 0 1 9 0 3 1 .0 0 0 A c 9 .6 0 3 .0 0 0
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g
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M ch 1 1928
d
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T r a n s c o n S L I s t M 5 3 0 ,0 0 0 ,0 0 0 g r e d l l O M o x o - r & r 6 9 4 1 9 0 8 1 .0 0 0 A c 1 7 .0 0 0 ,0 0 0
A
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A
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F e b 1 1 9 1 2 -1 9 1 4
do
do
• J?o n d s $ 5 0 ,0 0 0 ,0 0 0 c o n v c o m s t k r e d ( t e x t ) -G .C * A r
1 9 0 5 1 .0 0 0 A c 1 8 .9 0 8 .0 0 0
A
4 g
J u n e 1 1955
do
d
o
• B o n d s $ 2 6 ,0 5 6 ,0 0 0 c o n v c o m s t k r e d ( t e x t ) _ S .x c * A r
1 9 0 7 1.000 Ac 1 5 .5 2 3 .0 0 0
A
5 g
do
J u n e 1 1917
do
’ B o n d s $ 2 8 ,2 5 8 ,0 0 0 g c o n v c o m s t k r c d ( t e x ) G .x c * A r
1 9 0 9 1 .0 0 0 A c 4 .8 1 4 .0 0 0
A
4 g
J u n e 1 1955
do
do
• 13d s $ 4 3 ,6 8 6 ,0 0 0 g c o n v c o m s t k r c d ( t e x t ) G .x c * A r*
1 9 1 0 1 .0 0 0 A c 2 7 .7 5 3 .0 0 0
4 g
A
do
J u n e 1 1960
do
H u t c h i n A S o 1 s t M g r e d 1 0 5 s in c e 1 9 0 8 . - - O B .c *
141 1 8 9 8
1,000
1 9 2 .0 0 0
5 g
A
J a n 1 1928
do
do
• S a n F r & S a n J o V a l 1 s t M g c a ll 1 1 0 a f t 1 9 1 5 . . M e .c
372 1896
1,000 6.000,000
5 g
A
O c t 1 1940
do
do
• S a n t a F e P r e s A P h o e n i x — 1 s t M $ 5 ,0 0 0 ,0 0 0 g M e .c *
198 1892
1,000
4 .9 4 0 .0 0 0
A
5 g
S e p t 1 1942
M e r c a n til e T r u s t C o ,N Y
• G u lf B e a u m o n t A K a n s a s C i ty 1 s t M g o l d ___________
1893
6 1 3 .0 0 0
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1893
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2 2 4 .0 0 0
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C e n tr a l T r u s t C o , N Y
P r c a _______ ------ -------------- ; S e c . a n d T r e a s . , W . L . M . P h e l p s N e w d ir e c to r s , r D I R E C T O R S .— J o s e p h R a m s e y J r . ,
N
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adden,
( O c t . 1 9 0 9 ). V . 8 9 . p . 1 0 6 8 .— 4 V . 8 9 , p . 1 6 6 6 ; V . 9 0 . p . 9 1 3 .)
•
H . I I . H a r r i s ro n , F . TKiw. LC Tu Vr t Yis '’. W
T . D . RR hh o d e s , W . J . EWr bo, llmWa .n , ML .e r W
o y B a ld R . Lyon, ” * '
A L B A N Y & V E R M O N T R R .— O w n s r o a d f r o m A l b a n y to W a t e r f o r d J e t . , w in , E . r?
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I - B - B l a n c h a r d .— (V . 9 2 , p . 1 1 6 , 3 2 1 , 1 1 0P8r.)e s . ,
a t e d b y D e la w a r e A H u d s o n C o . A n n u a l r e n t a l , $ 2 0 ,0 0 0 .
gauge.)—
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th e p ro c e e d s fo r g e n e ra l p u rp o s e s a n d n o t c o n s tru c t th e ro a d . V . 9 1 , p .
1 7 1 0 . S t a n d a r d T r u s t C o . o f W in n ip e g , t r u s t e e . — (V . 9 1 . p . 2 1 3 , 1 7 1 0 .)
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r ie , O n t . , to P a n g i s s in , /() m ile s ; b r a n c h to H e le n M in e , 12 m . B e in g e x ­ D e n v % rT s "Cr u X e V S ior‘ Bg ^ toW 00, Mr V t li£ c o m i„ e n u " f t u f t V o ?
te n d e d to a c o n n e c ti o n w i th t h e C a n . P a c . R y . s o a s to r u n f r o m S a u l t S t e . C e n t r a l ’S av lm r* ’ B a n k n o n E n r ' ? ' B o n d s , 6 % ($ 2 0 0 ,0 0 0 , a ll o u t s t a n d i n g ,
M a r ie to n e a r H e b r o n , O n t . , 2 0 3 m ile s , w i th b r a n c h e s , 2 2 m . ; t o t a l , 2 2 5
m ile s . C a s h s u b s i d y , $ 6 ,4 0 0 p e r m ile . L a n d g r a n t , a b o u t 1 ,6 5 5 ,0 0 0 ?oC c iru 1ln a r m f a Bt a rok(i “ 7 l 5 . t r v . tC| ’ p r 7 7 0 -J V • J s ' T i a p ! 8UP 1reeCst
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H e b ^ n .^ P R n v ^
w h ic h g u a r a n t e e s t h e 5 % b o n d s (se e t a b l e a b o v e ) , to b e is s u e d a t $ 3 0 ,0 0 0 p e r
m ile , a n d h o ld s $ 1 ,1 2 5 ,0 0 0 o f t h e $ 5 ,0 0 0 ,0 0 0 5 % n o n - c u m . p r e f . s t o c k fo r
t h e b e n e l lt o f t h e r o a d . I n J u n e 1 9 1 0 £ 7 7 0 ,0 0 0 b o n d s w e re o ffe re d In L o n ­
d o n a n d In O c t . 1 9 1 0 $ 1 ,0 0 0 ,0 0 0 In P a r i s . V . 9 1 . p . 9 3 . 1 1 5 9 , 1 3 2 7 , 1 5 7 3 .
P r e s ., T . J . D r u m m o n d , M o n tr e a l, Q u c .; S e c . a n d T r e a s . , T h o m a s G ib s o n ,
T o r o n t o , O n t . — (V . 9 1 , p . 1 1 5 9 , 1 3 2 7 , 1 5 1 1 , 1 5 7 3 ; V . 9 2 , p . 2 5 9 .)
^ A L G O M A E A S T E R N R Y .— T o b e t h e n e w n a m e o f t h e M a n ito u il n A $ 9 0 0 0 O O ^ o u ts ta n d lm r ^ T iP n ^ a iV ..O^ t o c k a u t h o r i z e d , $ 4 0 ,0 0 0 ,0 0 0 . o f w h ic h
N o r t h S h o r e R y . , w h ic h o w n s f ro m S u d b u r y , O u t . , to C r e a n H ill, 2 3 m ile s ;
s a
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b r a n c h e s 3 m . ; a n d h a s c h a r t e r to b u ild f r o m S u d b u r y t o L i t t l e C u r r e n t
( M a n ito u il n I s l a n d ) t h r o u g h n ic k e l a n d c o p p e r d i s t r i c t s , 8 6 m ile s . C o m ­ C ros*settA A r k S (V P u
& G U L F R Y .— M o n ro e t o H a m b u r g , L a . , a n d
p a n y w ill r e c e iv e o n c o m p le ti o n a la n d g r a n t o f 7 0 3 ,2 0 0 a c r e s In O n ta r i o H a m h u V r A r k ° p ? i ! ? n I ™ ? ? °oP,C,r a tC (l, y e p t • 1 0 0 9 . T o b e e x t e n d e d fro m
a n d c a s h s u b s id ie s f r o m P r o v in c e a n d D o m in io n o f C a n a d a . V . 9 2 , p . 2 6 5 . M e h i o f r i s i t i n n n
£ ufT,’
s t o c k a u t h . , $ 3 ,0 0 0 ,0 0 0 ; o u t
C o m m o n s t o c k a s in c r e a s e d M a r c h 1 1 9 1 1 , $ 2 ,0 0 0 ,0 0 0 , a n d p r e f . 5 % , n o n - T r u s t C o o f C o l n r V o o n ( 5, ($ 6 ,0 0 0 ,0 0 0 a u t h . I s s u e ) , C o lo r a d o T i t l e A
c u m ., $ 1 ,0 0 0 ,0 0 0 , o f w h ic h $ 1 ,0 0 0 ,0 0 0 a n d $ 8 0 0 ,0 0 0 , r e s p e c tiv e ly , to b e oi? a c c o u n t o f l g m?inSaP,r l n Fs ’ C o1-’ t r u s ,t e e : $ 2 ,8 6 0 ,0 0 0 w e r e s u b s c r ib e d f o r
o w n e d b y L a k e S u p e r i o r C o r p o r a ti o n . B o n d s a u t h . , $ 3 ,0 0 0 ,0 0 0 1 s t M . 5 0 - C o w le s C h lca« rn -J v p u n f e c o n s t r u c t i o n V . 8 6 , p . 1 0 6 . P r e s ., A lrfc d
y e a r g o ld 5 s , Is s u a b le a t $ 3 0 ,0 0 0 p e r m ile , g u a r a n t e e d , p r in c ip a l a n d i n t e r ­ W m A O t i s - gS e c V r P p S i * 0 , S l ? w ari * C o lo r a d o S p r in g s , C o l.; T r e a s . .
v v m . a . u t i s . b e e ., C . L . T i t u s , C o lo r a d o S p r in g s , C o l.— (V . 8 6 , p . 1 0 6 .)
e s t, b y L a k e S u p e rio r C o rp o ra tio n . V . 9 2 , p . 3 9 6 , 4 6 2 , 5 2 7 , 1 0 3 2 .
Y e a r e n d in g J u n e 3 0 1 9 1 0 , g r o s s , $ 8 1 ,0 1 3 ; n e t , $ 3 2 ,2 4 0 . P r e s ., T . J .
• A R K A N S A S M I D L A N D R R .— S e e S t . L o u is I r o n M t n . A S o u t h e r n .
D r u m m o n d , M o n tr e a l, Q u e .: S e c . a n d T r e a s . , T h o m a s G ib s o n , T o r o n t o ,
O n t . — (V . 9 2 , p . 3 9 6 , 4 6 2 , 5 2 7 .)
A R K A N S A S O K L A . & W E S T E R N R R . - S e c K a n s a s C i ty A M c m p h is R y .
A S T O R IA & C O L U M B IA R I V E R R R .— S e e S p o k a n e P o r t . A S e a t t l e R y .
„ A L L E G H E N Y & W E S T E R N R Y . — (See M ap Buff. Roch. & PUts.)—
P u n x s u t a w n e y t o B u t l e r , P a ., 6 0 m ile s ; b r a n c h . N e w C a s tle , P a . , to C e m e n t
— G 'v n s r a i l r o a d a n d w a g o n b r ld g
W o r k s , 6 m .; t o t a l , 6 6 m ile s . A n e x te n s io n o f B u ff a lo R o c h e s te r A P i t t s ­ a t A t c h i s o n K a n
tV
i 111 o n s t a t * ° n . U s e d b y t h e A t c h
b u r g h , to w h ic h le a s e d In p e r p e t u i t y f o r g u a r a n t y o f b o n d s a n d 6 % o n s t o c k . T o p A S a n t a F e t h e p h ^
U s e s B a l t . A O h io f r o m B u t l e r to N e w C a s tle a n d P i t t s b u r g h u n d e r a t r a c k ­ Q u in c y A r e o r e a n l L ^ n n '^ i J * * f ” ,t h ? M o . P a c . a n d t h e C h ic . B u r l . A
a g e a r r a n g e m e n t , m a k i n g in a ll 1 4 7 m . S e e V , 7 0 , p . 8 4 9 .— ( V . 8 2 , p . 6 0 1 .) 4 18<)8y ■ peA iU n V ^ ? rI ? c i t h e C h ic . A A t c h B r id g e C o ., f o r e c lo s e d M c h .
a n d T r e a f H P p i P c .5 0 , , S t 0 c k - * 7 0 0 .0 0 0 ; p a r . $ 1 0 0 p e r s h a r e . P r e s ,
A L L E N T O W N R R .— T o p t o n t o K u t z t o w n , P a . . 4 H m . S t o c k , $ 1 ,2 6 8 ,­ a n u i r t a s . , n . i . L e lls , C l e v e l a n d , O .— (V . 6 7 , p . 6 7 8 .)
8 8 4 ( p a r $ 5 0 ) , I n c l. $ 1 ,0 7 1 ,4 0 0 p le d g e d u n d e r R e a d in g C o . g e n .M . N o b o n d s .
(T H E ) A T C H IS O N T O P E K A & S A N T A F E R Y — (See M ao ) — 'T h e s v s A L L E N T O W N T E R M I N A L R R .— O w n s 3 H m ile s o f r a i l r o a d In A lle n ­ an ,T! in p ro k e n d lh rn o M r 9 1° . c o m p r ‘s.e d 9 - ° ? I m ,jc s °* r a ilr o iu l a n d e m b r a c e d
t o w n , P a . , c o n n e c ti n g t h e E a s t P e n n . ( P h i l a . A R e a d in g ) w i th t h e C e n t , o f a n u n b r o k e n lin e o f t r a c k f r o m C h ic a g o , 111., v ia K a n s a s C i ty , M o ., a n d A lM r t0 t h c P a c I ,lc D c c a n : a ls o to G a lv e s t o n , T e x . , a n d t h e
N . J . L e a s e d f o r 9 9 9 y e a r s to P h i l a . A R e a d , a n d C e n t, o f N . J . ( b y a s s ig n r a t i n g p u r p o s e s t h e 9 .9 6 1 m . a r e d iv id e d a s fo llo w s .
“ e n t f r o m L e h ig h C o a l A N a v ig a ti o n C o .) a t I n t e r e s t o n b o n d s a n d 5 % o n G u lf o f M e x ic o , l o r o Fp e_____7
,4 3 9 .6 4 P e c o s R i v e r R R ............................... 5 4 .2 6
$ 4 5 0 ,0 0 0 s to c k ( p a r $ 5 0 ) , b o n d s b e in g g u a r a n t e e d , p r in c ip a l a n d I n t e r e s t , AR tioc h Gi s roann dTeo pAe Ek al PAa sS o. _____’
2 0 .2 1
S a n t a F e P r e s . A P h o e n i x . . 2 5 7 .4 0
b y P h i l a . A R c a d . R R . C o . (fo re c lo s e d ) a n d L e h ig h C o a l A N a v ig a ti o n .
G u lf C o lo r a d o A S a n t a F e l . 1 ,5 1 8 .1 8 S o u t h e r n K a n . R y . o f T e x a s 1 2 4 .9 2
A L T O N J A C K S O N V I L L E & P E O R I A R Y .— P r o j e c t e d f r o m A l t o n to E a s t e r n R y . o f N e w M e x ic o . 2 2 5 .2 1 T e x a s A G u lf R y . ......................... 9 6 .1 4
J a c k s o n v i lle , 111., 6 5 m ile s , o f w h ic h A l to n to G o d f r e y , 6 m . , c o m p le te d In P e c o s A N o r . T e x a s R y _____ 2 2 5 .2 9 ,
A p r il 1 9 0 8 , a n d b a la n c e p a r t l y c o n s t r u c t e d . S to c k a u t h . , $ 8 0 0 ,0 0 0 : o u t ­
T h i s Is e x c lu s iv e o f 2 1 1 .7 8 m ile s o f n e w lin e s c o m p le te d o n la s t - n a m e d
s t a n d i n g $ 3 0 0 ,0 0 0 ; p a r $ 1 0 0 . (V . 9 1 . p . 1 7 6 5 .) P r e s ., A a r o n O . A u t c n . d a t e , o f w h ic h 8 8 .5 7 m ile s r e a d y f o r o p e r a t i o n J u l y 1 1 9 1 0 . A ls o c o n tr o ls
J e r s e y v lll e , 111.; T r e a s . , A . W . C ro s s ; S e c ., J u n e M . R h o a d s , J c r s c y v l l l c , 111. t h r o u g h o w n e r s h ip o f s e c u r iti e s , o r o w n s J o in tl y w i th o t h e r r o a d s , 8 2 6 .2 5 m .
C u t-o ff T c x lc o , N . M .. to B r o w n w o o d , T e x . , 3 0 0 m ile s , w i th b r a n c h e s ,
A * ! ^ B 0 R ,9 E.N T R A L R R - — I o n e to M a r t e n ,'C a l ., 13 m . S to c k , $ 4 0 0 ,0 0 0 : t o t a l a b o u t 5 0 0 m ile s , u n d e r c o n s t r u c t i o n . V . 8 9 , p . 2 2 3 .
p a r , 5 i u u . U n io n T r u s t C o ., S a n F r a n c i s c o , is m o r tg a g e t r u s t e e . V . 8 8 ,
I n 1 9 0 0 a c q u i r e d c o n tr o l o f G u lf B e a u m o n t A K a n s a s C i ty a n d G u lf B e a u ­
p . 1 5 6 . P r e s ., C h a r le s E r ic k s o n , M a r te ll , C a l.— (V . 8 8 . p . 1 5 6 .)
m o n t A G r e a t N o r t h e r n , w h ic h a r e le a s e d . V . 7 6 . p . 7 5 1 ; V . 7 7 , p . 1 2 2 4 .
L e a s e s C a n e B e l t R R . , 1 0 5 m ile s ( e n ti r e s t o c k o w n e d ) . V . 8 5 , p . 5 9 8 .
A N N A R B O R R R .— O w n s f r o m T o l e d o , O . , t o F r a n k f o r t , o n L a k e M ic h .
2U 2 m ile s ; t r a c k a g e , T o le d o to A le x is , 9 m ile s ; o p e r a te s c a r f e rrie s b e tw e e n i h e s to c k h o ld e r s o n O c t . 2 7 1 9 1 0 r a t l i l c d t h e p u r c h a s e o f t h e G u lf A I n t e r ­
F r a n k f o r t , M ic h ., K e w a u n e e a n d M a n ito w o c , W I s ., a n d M e n o m in e e a n d S t a t e R y . o f T e x a s . V . 9 1 . p . 5 8 8 .
M a n ls ti q u c , M ic h . W a b a s h u s e s T o le d o te r m in a ls .
— T h ,s c o m p a n y w a s o r g a n i z e d o n D e c . 1 2 1 8 9 5 u n d e r
o u i l,lr c c a p . s to c k o f M a n ls ti q u c A L a k e S u p e r i o r , M a n ls ti q u c , M ic h ., to
~ i , L g c ? c r a l , J\ WS o f K a « s a a b y th e p u r c h a s e r s a t fo re c lo s u re ) s a le o f t h c
i * ^V Oro
AIQU ll.
. 9 a2 4, 0 pm. ,!es3oW
1 1 0 8 . lth b r a n c h to xM cN eils, 13 m . , w a s p u r c h a s e d In A p r i l p r o p e r t y a n d f r a n c h is e s o f th e A t c h . T o p . A S . F e R R . C o . V . 6 0 o 6 5 8
n n . i i ? 1! 117 c o m p a n y in J u l y 1 9 1 0 o w n e d In fe e 6 .6 9 4 .1 1 m ile s o f s y s t e m ,
r,& c; — C o m m o n . $ 3 ,2 5 0 ,0 0 0 ; p r e f ., $ 4 ,0 0 0 ,0 0 0 ; 5 % n o n - c u m . , w hic-h th n !i ttH tn^ h y a L’ th n b o n ,d s a n d s to c k s o f t h e v a r io u s c o m p a n i e s In
p a r $ i o p . P r e f . s to c k c e r t . , " S u p p l e m e n t ” O c t . 3 0 1 8 9 7 , p . 3 .
w n ‘c n th e t i tle to t h c o t h e r lin e s Is v e s te d . V . 6 8 , p . 9 7 4 .
.
C o^ w a *s i n c o r p o r a te d J a n . 5 1 9 1 1 a s a h o ld in g c o m p a n y
r r a n c l s c o A S a n J o a q u i n V a lle y R y . w a s m e r g e d A p r i l 1 9 0 1 .
w i th $ 7 ,2 5 0 ,0 0 0 a u t h . s t o c k , o f w h ic h $ 4 ,0 0 0 ,0 0 0 p r e f . a n d $ 3 ,2 5 0 ,0 0 0
H a s a J o in t I n te r e s t w i th t h e S o u t h e r n P a c ill c In t h c N o r t h w e s te r n P a c if ic .
* 1 0 0 ) . t h e s t o c k b e in g o ffe re d , s h a r e f o r s h a r e , f o r t h e A n n ,,- h J D C K . — T h e p r e f e r r e d s to c k h a s p r e f e r e n c e a s to a s s e ts a n d n o n - c u m u O n c l. t h e $ 3 ,0 0 1 ,0 0 0 c o m m o n a n d $ 2 ,1 9 0 ,0 0 0 p r e f . b id In
n rn f
c o m m i t t e e N o v . 2 5 1 9 1 0 .) I n A p r i l 1 9 1 1 $ 2 ,9 7 1 ,9 0 0 re c to ra do u ^ o ? m » rnn r n m ^ C edV o
p c r a n n " ‘Vs d c V'l a r c d b y t h e b o a r d o f d l o N,° , lc r m tg e . a n d n o I n c r e a s e In t h e p r e f . s t o c k
Rr5 , a n tl $ 2 ,1 5 8 ,2 0 0 c o m . h a d b e e n e x c h a n g e d . V . 9 2 , p . 5 9 , 1 1 6 , 3 2 1 . 2 , h „
u t n e r e q u i p m e n t b o n d s a n d n o te s t h a n S e rie s A . J u n e 3 0 1 9 1 0 , $ 1 5 0 ,1 0 7 . c o n i s f S «SfCn t ° f m a J ° r I t y o f a l l p r e f . o u t s t a n d i n g a n d o f a l l
U T S Kh
T h c l,o t a l a u t h - a m o u n t o f p r e f . is
d e n < S n o ^ k T n o n A ^ 1. 1 9 11 * G 0 0 *0 0 0
s o ld n o te s w e re s o ld , s e c u r e d b y $ n V 6S f u n°i
n '« nPPkJl ?
? *8 9 0 -0 0 0 r e s e r v e d to a c q u i r e o t h e r lin e s ; a ls o
f ™ A°^)(L ,m p r o v c m e n t a n d e x te n s io n 5 % b o n d s o f a n e w ls s u c , p1 n6 rV4 8itW
o o i » 8 CC a t r u s t f o r I m p r o v e m e n ts , e x te n s io n s , A c . P r e f . s to c k
i
ii,:« 9 .’P 9 2 ,0 0 0 ,, t o b e a n r s t Ile n o n $ 4 0 0 ,0 0 0 o f n e w e q u i p m e n t a n d c c r tl n c a te s In " S u p p l e m e n t ” o f A p r il 1 8 9 7 p . 3 .
V S<
p lio s * 1
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A N N U A L R E P O R T t o r 1 9 0 0 -1 0 w a s In V . 9 1 , p . 1 3 8 3 .
Year ending Ju n e 3 0 —
.
1 9 0 9 -1 0 .
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SN eS t s as f«t eur'n t! anKx eS-s ___________________________
....................................................... 5 1 ,8 5 0 ,1 0 0<) $ 1 ,7 0 8 ,4 8 1
3 9 0 ,4 5 0
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4 9 1 .9 3 8
D e d u c t — I n t e r e s t , h ir e o f e q u i p ., A c .
3 9 1 ,9 0 8
4 6 9 ,6 9 4
B e tte rm e n ts
5 ,9 9 7
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3 7 0 ,7 6 0
*5— Amounts Heserved—
In 1 8 9 5 .
fn 1910.
4 6 8 ,8 8 0
4 0 8 .4 8 3 N o n - a s s e n tin g b o ll! .“f r 1®8 P a ld a n i? c a r t n l 3 t s .............5 1 5 ,5 0 0 ,0 0 0 5 2 ,3 3 9 ,3 8 3
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l z a t l o n o f 1 8 8. U - - 1l .55(H).0(X)
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10

RAILWAY STOCKS AND BONDS.

• • R A IL R O A D C O M P A N IE S .
•
[For abbreviations, A c., see notes on irst page.]

Miles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

[VOL. LXXXXII.

When Last Dividend
Where Interest and'
Payable and M aturity Places
Dividends are Payable

A tlanta Birm & Atl—A tl A B R y 1st M red llO .O B .c
337 1904
$1,000 $4,090,000
5 g J A J Jan 1 1934
Old Colony T ru st Co, Bos
Receiver’s certificates, redeem able a t p a r_______
___ 1909
5
J A .)
l. ()()(] 3.250.00C
Farm ers’ L & T r Co, N Y
A tl Blrm A Atl 1st M S30.000.000 g red 106. -OB.C
___ 1906
14,185,000
1,000
5 g J A J Ju ly 1 1911
Jan 1909 coupon n ot paid
Jo in t coll tr notes gold extended 1910 red par.T a.c* ___ 1906 1,000 Ac 6,239,200
M
A
5
g
N
May
1
1913
Nov
1910 coupon paid
Equip bonds due $60,000 sem i-annually________ Ta ___ 1906
666,000
5
l .000
M A N
’ll-N o v ’16 Nov 1910 coupon paid
Equip bonds S er B (V 85, p 39) due $86,000 s-a__ O
1907
5
J A J JNov
1,000 1,118.000
u ly 'll July'17 Jan 1911 coupon paid
Georgia T erm inal Co 1st M $4,000,000 g gu p & LOB ___
_ 1907
3.000.000
5
g
J
A
J
1 1927
Jan 1909 coupon not paid
A labam a T erm ’l R R 1st M $4,000,000 g gu p & 1 OB
2.445.000
5 g J A .1 Jan
July 1 1927
1909 coupon not paid
A tlan ta & C harlotte — Stock (see te x t)............................ 263 1907
100 1,700,000 7 In 1910 M A S Mch 4 1911 3 M Jan
U S M tge & T r Co. N Y
A tlanta Knoxville & N orthern Ry—See Louisville & N ashvlll c
A tlan ta & St A ndrew s Bay— 1st M $1,000,000 g red
85 1908
425.000
1,000
A A 0 O ct 1 1938
New Y ork and A tlan ta
2d M ($1,000,000 a u th )........................................
""
425.000
85 1908
A tlanta Term inal— F irst m tgc $1,500,000 g o ld .S .c'& r 3.3
1,500,000
1,000
4
g
1903
J
1)
June
1
1953
S
T ru st Co, N Y
A tlanta & W est P oint—Stock $2,500,000 auth
.86
100 2,464.000 6 in 1910 J A J Jan 2 1911 3% Atandard
tlanta, Ga
A tlantic C ity— F irst Mtge $2,200,000 gold.-G uP .xc*
1,000 2,200,000
5 g M A N May 1 1919
83 1889
Reading
T
erm inal, P hlla
A tlan tic City purchase m oney real estate m tge GP
1,000
75,000
1900
4M A A () Apr l 1930
do
do
Sea Coast prior lien m ortgage gold_____
350.000
5 g A A () Apr 1 1948
66 1898
do
do '
1st cons M $4,500,000 gold guar
q j > All
1,000 1,850.000
1901
J
A
4
g
J
Ju
ly
1
1951
,
do
do
A tlantic Coast Line Co (Conn)—Stock $30",666^000
100
17,640.000
10
In
'10
Q—M
Mch
10
’ll
2
Vi
Baltim
ore
Certfs of Indebt Inc non-cum $5,000.000...S B a .r
1897 100 Ac 5.000,000
5 cur J A D
In
1910
paid
5%
1905 100 &c 8.000,000
4
»
..
do.
_
do
redeem
able
a
t
par
since
1910______
.
1
A
J
1 1925
A tlantic Coast Line RR— Stock com mon (te x t)______
100 56,964,400 6 in 1910 J A J Jan
10 1911 3% In 1910 paid 4%ilm, N C
Class A com stock tax exem pt (Rich A P et certfs)
100 1,000.000 6 In 1910 .1 A J Jan
Jan 10 1911 3% Treas doOffice, W do
Preferred stock 5 % ____
100
198.500
M A N Nov 10 1910 2 H
5
In
1910
do
do
C o lltrM gold secured by L A N stk r d 105..c*& r
1902 1,000 Ac 35,000,000
4g M A N
1 1952
J P M organ A Co, N Y
Unified m ortgage gold $200,000,000 auth o rized____ 4,145 1909 _____
15.009,000
4 g .1 A D Oct
Dec 1 1959
U
nited
S
tates
T
r
Co, N Y
ponv debs $23,562,500 red 105 after M ay ’10-SB a.r
1909 100 &c 10.346.000
4
M A N
Safe Dcp A T r Co, Balto
40 1907
W ash & Van 1st M $1,500,000 g gu p & L .S B a.c*
1,000
720,000
I4Mg S 1-' A A Feb 1 1947
U S T r Co. N Y A B alto .
W Inst-Salcm So’bd 1st M $5,000,000g gu.U s.xc*& r
89 1910
1.000 5,000,000
J
A
J
Ju
ly
1
1960
S tates T r Co, N Y
Equip trust bonds gold $225,000 due s-a..S B a ,c
1,000 2.700,000
4 g M A S To Mch 1 1917 UU nited
- - - 1907
S 'f r C o .N Y , A BaltoBonds to be Refunded by U nified 4s—
F irst consol M $51,326,000 gold (text) _.F.c*& r 3,945 1902 1,000 &c 51,326,000
M
4
g
A
S
Ju
ly
1
1952
Certificates of Indebtedness (new )_______________
___ 1902
100 Ac
232.900
4
M A N Irredeem able
N orth E ast (S C) cons M gold Flor to C harleston._c 102 1883
1,000
657,000
6 g .1 A J Jan 1 1933
A tlantic C L of S C gen 1st M (1st on 594 m )gSBa.c* 696 1898
1,000 5,547,000
4 g J A J Ju ly 1 1948
P etersburg M class A gold_________________________
68 1881
1,000
868,000
5 g J A .1 Ju ly 1 1926
do
do
class B gold (Petersburg to Weldon)
68 1881
1,000
800,000
6 g A A O O ct 1 1926
do
The Adjustm ent Mortgage (A bstract, V. 62, p. 739) is to the Central T rust
Co. as trustee. Interest is payable only out of n et earnings up to 4% In each
year, cum ulative since Ju ly 1 1900. Present issue Is limited to $51,728,000,
b u t when the $30,000,000 general 4s authorized for im provem ents as above
have been issued, $20,000,000 additional adjustm ent 4s m ay be issued for
the sam e purpose a t not exceeding $2,000,000 In any one year, b u t only by
a m ajority vote of the adjustm ent bondholders. Interest— In Nov. 1897
paid 3% : since, full 4% yearly.
E astern O klahom a division 4s of 1903, V. 76, p. 434; V. 79. p. 1331*
V . 84, p. 1649; V. 85, p. 598; V. 86. p. 980. 1041!
.^
5
Z % ns'authorized
Cl n‘i,nen.la,1
short The
Line"$17,000,000
,lrst cold 4S
arc 1908
lim ited
to
S S 'S,r .'T
? 0 '1!?0
Issue.
soldof In1908
A ug.
cover
768.21 miles In operation, com prising the line from A marillo, T ex., to Pecos,
miles; Clovis, N. M .. to Hlo Puerco, 255.81 miles (com pleted
In 1908); the Pecos Valley & N ortheast, Cameo, N . M „ to Texas S tate I.lne,
208 m „ and branches aggregating 133.88 m . The rem aining $13,000,000
can be Issued a t $25,000 per mile. V. 87, p. 479, 878.
The debenture 4s of H)02 are paid oil $2,500,000 yearly from treasury
cash. See V. 74, p. 150. 204; V. 75, p . 680; V. 77, p. 2338.
The 4s of 1905 ($50,000,000 a u th . issue) are convertible Into com . stock
a t par between Ju ne 1 1906 and June 1 1918. V. 79. p . 2695; V. 80. p. 649;
v ■ » L p . 1174; V. 82, p. 391,867. The $26,056,000 Issued In 1907 are con­
vertible a t par to Ju ne 1 1913. V. 84. p. 1051. 1112; V. 85. p. 97. 283, 529.
Stockholders were offered in 1909 the righ t to subscribe for $28,258,000
convertible 4% bonds a t 104, payable one-fourth each a t tim e of subscriptlon, Feb. 2 to Feb. 4, A ug. 2 to 4 1910 and Feb. 7 to 9 1911; they arc con­
vertible Into common stock a t p ar to Ju ne 1 1918. V. 88, p. 1435, 1559.
stockholders were offered A pr. 1910 right to subscribe for $43,686,000
4% bonds a t 102!■ {,. payable 32>S% betw een Ju n e 1 and 3 1910 and 35%
each between Dec. 6 and 8 1910 and betw een Ju n e 0 and 8 1911, or option­
ally In full a t any time; they are convertible Into com . stock a t par on and
after Ju ne 1 1913, b u t prior to Ju ne 1 1923. In Ju ly 1910 $41,068,633
had been paid In on two last-nam ed issues. V . 90, p. 913, 1043, 1612; V. 92,
p. 393. 593.
■
The several issues of debentures m ust be secured by any future m tge.
covering the lines owned a t the tim e the d ebenture Issue was m ade, and m ay
be called a t 110 on any interest day, b u t when called m ay be converted
Into stock provided the tim e for conversion has n ot expired.
LATEST EA R N IN G S.— / 1910-11-.G ro ss, $72,205,390; net, $25,082,095
8 m os.. Ju ly 1 to Feb. 28.11909-10. .G ross, 68,801,600; net, 23.332,104
Balance after taxes for 8 m os. of 1910-11, $22,793,990, agst. $20,858,305.
R E P O R T .—A nnual m eeting fourth T hursday In O ctober. R eport for
year end. Ju ne 30 1910 was given in V. 91, p. 939, 949; see also p. 9 1 4 .
,
„
1909-10. ■ 1908-09.
1907-08.
Average miles o p e ra te d ........................
9,916
9,795
9,415
O perating revenues. ----------------- .$104,993,195 $94,265,717 $90,617,796
O perating expenses----- -----69,761,820 57,495,195 60,823,963
T a x e s..................................................
4,006,419 3,015,219 3,244,596
O perating Income...................
$31,224,950
$33,755,303 $26,549,237
O ther Income.................................
2,550,055 1,158.375
671,910
T otal Income .............. . . . . ..$33,775,011 $34,013,678 $27,221,147
Interest on bonds------- -------...$ 1 1,98 4 ,1 5 1 $13,548,082 $12,579,302
Hire of equipm ent, rentals, &c . . . 2,068,294 1,105,835 1.044,337
Dividends on pref. stock (5 % )______ 5,708.690 5,708,690 5,708,690
D vldcnds on common sto ck _______ (6)9.648.030 (5)5,152,550(5>4)5662607
A ddltlons and betterm ents_________ 4,000,000 9,000,000
340,332
,...............................
$365,840
$398,521
$1,885,879
O FM C E R b.— Chairm an of Executive Com m ., W alker D. Illnes; E . P .
Ripley, President; D. L . G allup, Comp.: C. K. Cooper, A sst. Treas.
D irectors.—Charles Steele, Edw ard J . B crw ind, A .D .Jullliard , H . Ricm an D uval, Thom as P. Fowler, W alker D. Hines, N. Y.; T . D eW ltt Cuylcr,
Phlla.; John G. McCullough, V erm ont; B. P . Cheney, Boston: Edw ard P.
R ipley, Byron L . S m ith, Chicago; Andrew C. Jobes, W ichita; Howcl Jones,
d e e d , Topeka; H . C. FYlck, P ittsburgh.
Office. 5 Nassau S t., N. Y .— (V. 91. p. 1159; V. 92. p. 393, 593, 658.)
ATLANTABIRMINGHAM & ATLANTIC RR. — (See M ap.)— Brunswick,
u a ., to Birm ingham , A la., 453 miles; Sessoms to W aycross, G a., 26 m .;
Thom asvlllc, G a., 81 m .; A tlan ta to M anchester, 75 m .;
A shland, 7 m .; leases Georgia Term inal Co., in A tlanta, 2 m .;
A,t la*d a * 2,m - to ta l* 659 miles. (V. 84, p. 1426; V. 80, p. 115.)
♦
andrespectively,
thc A labamall
a Term
R .,railroad,
having
$1,500.000
and 7o^li*n«]LCo$3,000,000 stock,
ownedinalby Rthe
will provide term inals a t A tlanta and B irm ingham , respectively; they were
Trb o5ds be,n? guaranteed, prin. A in t.; also 5%
2.^
* kTnY^•|nf
^^£• Co. (Clyde SS. Co.)
1204:operates
v ‘ 88‘ p-betw
iSO.een227.
Gulf
A W7tlest
Indiesl4SS.
N . YA. tlantic
and Bruns­
w ick. V. 91, p. 465; V. 87, p. 616.
Jan.
909 coupon on the firstl9-n
5s of 1906 1999
beingreceivers
defaulted.wereV appointed,
. 88. p. 99, the
156—sec
We above. P res. H . M. A tkinson Is now sole receiver. V. 88, p. 821
91, p. 945. See President’s^report of Ja n . 5 1909, with opinions of
experts, &c., V. 88. p. 227. $3,250,000 2-year 6% receiver’s certificates
were sold to replace 19 miles trackage into Birm ingham and build Bessemer
branch. A c. V. 88, P- 1497, 1559; V. 89. p. 40. 102, 223. The coupons
due May 1909 to M ay 1910 on the Joint coll, notes were purchased by pri­
v ate parties; Nov. 1910 and N ov. 1908 coupons were paid by the com pany
V. 88. p. 1196; V. 90, p. 1237.
7?
General Committee.— Edw in S. M arston (Chairm an), Frederick A yer,
Sam uel Carr and John I . W atcrbury requested deposits of all securities and
unsecured debt of com pany and allied properties. D epositaries. M anhat­
tan T ru st Co., N. Y ., and Old Colony T rust Co., Boston. Tim e for perfect­
ing plan expires May 1 1912. V. 88, p. 1196; V. 90. p. 235; V. 92, p .1 1 6 .
Committee for First 5s.—S. H . Fessenden, Philip Stockton and F . H .
F arrar. City T rust Co. of Boston, depositary. V. 88, p. 99, 157, 684.
Committee for Joint Collateral Notes and First 5s.— Geo. C. Clark, Chair­
m an: Geo. C. Clark J r., Sec.; T rust Co. of America, N. Y ., and A m erican
T ru st Co., Boston, depositaries. V. 88, p. 623, 685, 943.



STO CK.— P ar of shares, $100; Issued, com mon, $25,000,000; preferred.
$10,000,000. Of these, $17,000,000 com mon and $5,600,000 preferred de­
posited under collateral tru st notes.
BONDS.— Of the 5s of 1900 ($30,000,000 authorized issue), $14,185,000
have been Issued, of which $5,005,000 Is deposited under coll, tru st notes.
o nn he coll, tru st 5% notes (originally $8,000,000, b u t reduced to $0,239,­
200 a nd extended in 1910. per plan V. 90. p. 1237, 1295) are a Joint obligaJrS!1
andent the
A tlantic
A guaranteed
Birm inghambyConstruction
Co.
ih e lni°ltc rc st ralif,oad
until paym
thereof
is to be
the shareholders
or the construction com pany or the syndicate raising $800,000 cash for the
pia,n. ih c general reorganization com m ittee agree to provide in the plan
n°L ihCf S s m K m n Alfie rem aining notes a t p ar. They are secured by dc­
A tlA tlantic
1st (or
M. bonds
and $5,600,000
pref.
and, $17,000,000 com
, stock of* the
railroad
cash representing
m atured
equipm ent bonds), entire stock ($5,000,000 )of Birm ingham Coal A Iron
» ? ' • ) 3 . 6 0 0 acres of Iron ore lands (subject to
— $1,000,000
nnR bonds L*',*,10,000
treasury
bonds),
andm entioned
the $1,100,000
and
of Brunswick
SS. Co.,
the last
being stock
guar­
anteed by A tlantic Gu f & W est Indies SS. Co., which In 1910 purchased the
'?t n £ v
r.Y■ P - 120T; v - 83- P- 38. 4290; V. 84. p. 270; V. 85, p.
S: m aturing03J$10,000
. J i9 S } pm
eat obligations
tableofnbove,
fIfS
420n'nnn
JM 06S,
quarterly
(Q.-M.) other
to M than
ch. 1 In1914.
which
$30,000 provided for by receivers’ certificates.
The controlled com panies, the Georgia Term inal Co. .A labam a Term inal
R R ., Birm ingham Coal A Iron Co. and Brunswick SS. Co., were placed In
nnnh S52;44g
<ian™cb;x
bondcd $2,000,000
debts being,of respectively,
$3,000,000,
.0 p 0 ;$ 4 .159,000 (Including
Birm ingham
Iron Co.) and $1,250,000, b u t the Birm ingham and Brunswick com panies
n e5 r 4 W y56dl S f ^ r p . 4V6584’ P - l l27' 15511 V - 85’ '>• 470: V - 8 8 '
LA TEST E A R N IN G S.— (1910-11----- Gross, $1,907,428: net, $492,785
8 SS?"
uly 1 (°In 8F eb
- 28.11909-10----Gross, 1,721,826;
net, 406,088
O ther fIncome
mos.
of 1910-11, $100,447,
against $71,772.
inSon,?'e
a
r
.
e
nlJl
r
n4;.o'A50
30
l
910’
?ross>
*2,579,346,
against
$2,069,807 In
1908-09, net, $579,390, against $357,025.
R E P O R T for year ending Ju ne 30 1908 In V. 87, p. 1294, showed on 491
miles, gross, $1,583,805; net, $426,663; other Income, $136,689; Interest
taxes, &c., $518,714; b al„ sur., $44,637. V. 88, p. 227.— (V. 92. p. 116.)
ATLANTA & CHARLOTTE AIR LINERY. — (S ee M a p S o u th e r n Ila ilw a y
S i/s te m .)— O w n s C harlotte. N . C., to A rm our, G a,, 263 miles.
1lie operating contract of 1881 accepted by the Southern R y. requires the
paym ent of Interest on A t. & C. d eb t and 5% on stock; If gross earnings excccd $1,500,000, dividends to be 6% , and If they exceed $2,500,000, 7% .
The $5,500,000 bonds extended to Jan . 1 1920 a t 4)4% and purchased
by the Southern R y. and placed under Its consol, m ortgage. V. 89, p.1595.
D IV ID E N D S.
11881 to '89. 1890. 1891 to Mch. '01 Inch Since.
P e rc e n t...............
J 5 yearly. 5 K 6 yearly (M AS), 7 yrly.U JA S)
E A R N IN G S.— For year ending June 30 1909. gross, $4,305,174, against
$4,000,202 In 1907-08; net, $1,832,566. against $1,477,990; ln t. on bonds.
$247,500; dlvs. (7% ), $119,000; organization exp., $2,500: bal., sur.,
$1,463,566. P res., C. S. Fairchild, N . Y .— (V. 89. p. 1595.)
ATLANTA & ST. ANDREWS BAY RY.— Owns from D othan, Ala., to
P anam a City. F la., on S t. Andrews Bay, Gulf of Mexico, 85 miles; opened
July 15 1908. Stock authorized, $ 1,000,000; outstanding, $300,000; par,
$100. The Urst 6s (Central T rust & Banking C orporation of A tlanta, Ga.,
trustee) are subject to call a t par beginning O ct. 1 1911. V. 88, p. 685;
V ■ 83■ p. 270. F or 6 m onths ending Dec. 31 1908, gross, $51,454; net,
$l(i.l85: Interest on bonds, $12,750; bal., sur., $3,535. l’rcs., A. B.
Steele. A tlanta. Ga.; Sec., G. II. P urvis, D othan, A la.— (V. 88, p. 685.)
„M ayATLANTA
TERMINAL CO.— Owns union passenger station opened
14 1905, w ith approaches, used by Southern R y., Central of Georgia
R y. and A tlan ta & W est Point R R . Stock. $150,000, owned In cqnal pro­
portions by the three com panies nam ed, which pay all charges and ex­
penses on car basis. V. 76, p. 593. 1394; V. 77. p. 699; V. 88, p. 1196.
.ATLANTA & WEST POINT RR.—A tlanta, G a., to W est P oint, G a„
86 miles. Georgia R R . June 30 1909 owned 9-20ths of stock and $388,900
deb. c e rth . A belt line around A tlanta, 5 K miles. Is operated a t rental of
$16,000 yearly— 4% on Its cost. V. 71, p. 963. V. 73, p. 1354.
^ . h o l d e r s voted on J a n .2 0 1910 to Increase the stock from $1,232.l ,- ' ? l ,'23,2 ’,9,P/},b?Jn5 olrcrcd to stockholders a t p ar to retire
51i??w'.0,? 2 4 eT?i6K J u ly ,1 l 919: Y. 89. p. 1595; V. 90, p. 913.
T
m any years 8% per annum . From
U9?.1, 1904, u,slv,<;;
o y jy6%ra rly
. J . &1911,
J .: OJa
ct.n 1., 1899.
tra, 1902 (?), 1903, 6%
to 1910,
yearly;
3 % . 25?i cxk
L
.
S
!
*
m
'
i
S
.
i
m
9«
S
n
ct'
*205.861;
other
Income,
$35,616;
charges, $lb3.359, dlvs.. $73,932: surp., $4,185.— (V. 90, p. 235, 913.)
.
£ I I Vr P R t 0
A tlantic C ity, 57 m . (double track):
N - J - 05 m .; W llllam stow n. 23
v ' t ) 0! * ? ™
0 C., ty$2,62.^
' 12 m).0()()•
': Ocean
10 m000
.; to (nar
tal, 168
in.
V. 72, p. 1278. STOCK, Iscom
DrcfCity,
$1 000
$ri0)
R eading Co. owns over 99% of stock, and guarantees consol. 4s, nrin. and
F? rJ?
V;, 75; P- 1398. Of the latter, $2,650,000 are
f
f t llcn. ^?SIls' See V . 73. p . 81. There aro also out1 M M r n n 00 s elJ n ^ aSM oili'i?crlcs A 53 arl1' S2.834 series B 5s.
A S 'U ........... 0 ro ss' *11,244,172;
•385,176; net.
Ju ly 1 to Feb. 28. “ "IIS
11909-10______Gross.
n et. $38-1.821
307,252
191°*
kross,
$1,805,607;
n
ct.
1908-09, gross, $1,026,055; net, $346,250.— (V. 82, p. 750.)$352,182. In
nt C onnecticut, and owns
L ,NaEmCO.—organized
M ay stock
29 1889
or
ajority of the capital
and under
a largethe
am laws
ount
of th e bonds of the A tlantic Coast Line R R . below.
♦ «rt„ T r? 4K ,. &c*TTS^ockhol(i
F
s
Yotcd
J
a
n
20
1910
to
Issue
$5,040,000
addlvvb,ch, was offered pro rata to stockholders a t p ar, payable
^of I?u28i
Kt l t o4% . br,Bc..USC(lt?
t ,cn>r toofpurchase
a t 97 Hoffered.
and i n t eThis
n t any
the $5,000,000
certificates
Indebtedness
in­
creased stock outstanding to $17,040,000. V. 89, p . 1666.
As to the certificates of Indebtedness, see editorial O ct. 1897, Supple­
m ent, p . 3; V. 65. p. 564; V. 71. p. 1310. In 1898 $5,000,000 stock was

P . . P<5*JD?'ibclf!!J!i1',

wcr®for




12

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S .
[For abbreviations, & c., see notes on first page.]

M iles Date
Road Bonds

All C oast Line RR (Concl) —
R ichm ond & P etersburg 1st M ($24,500 arc 7s)__
22 1875
Consol M g (R ichm ond to Petersburg, &c)__Ce.c
27 1890
• W llm & W eldon gen M ($938,000 arc 4s) g__SBa.c
479
1885
• W ilm ington & New B ern 1st M gold assum ed SBa
90 1897
Nor & Car 1st M gold (P P t Va to T ar, N C) _ Ce.c
110
1889
S e c o n d m o r t g a g e g o l d _____________________ S B a c '
110 1896
S av Fla & W 1st M g ($2,444,000 are 5s) __Alp.c*&r 547
1884
C harleston & S avannah gen m tge gold__ SBa c* 111 1886
B runs & W 1st M (Brunsw ick to Albany) g gu Ain c 169 1888
A labam a M idland 1st M g (Balnb to Montg) Mo xc 174
F lorida So 1st M gold_________________ " A Bc* 244 1888
1895
Sanford & S t P etersburg llrst m tge gold
p*ep 145 1894
Ashley R iver llrst m ortgage_____________
4
1877
SIl Sp O & G 1st M gold (Ocala to Inv & br)" Ta c
64 1888
A tlantic & D anville— 1st M $4,425,000 g Int ren t Alec
275
1900
• Second raort $1,525 000 gold interest rental .T a x
275 1904
A tlantic £c N orth C arolina—Stock $1,800,000
F irst m ortgage $ 3 2 5 ,0 0 0 ............
'"AleBa ___
95 1887
A tlantjc & St Lawrence—Stock G% rental" G rand T r’k 167
A tlantic & W estern—F irst m tge $3,000,000 g o ld .. IB
10 1903
A ugusta & S avannah—Stock 5% rental C entral of Ga
A ugusta Southern— First consol m tge gold
Cc.xc 82 53
H 1894
A ugusta Union S tation—F irst M $250,000 g o ld ...S B
1903
Avon Gcncseo & Alt Alorris RR— Stock (see te x t)____ ___
___
!5a J '^ o re C hesapeake & A tlantic— 1st M gold Alp.c*
88 1894
i, ! £ C um berland Val R v— 1st M interest re n ta l. . . .
3 1879
g aR £ C um berland Val RR— 1st M Interest re n ta l___
5 1879
15
V **R b x ten — Stock gu ($270,000 carries 7% ) _____
F irst m ortgage Interest re n ta l________________ _Ba
27
1881
B altim ore & H arrisburg RR— M ortgage gold.AleBa.c*
32
1886
F irst M W est E x t ($16,000 p m) gold guar.A leBa.c*
1888
Baltim ore & Ohio—Common stock $152,750.000_____ — 15 _____
Prcf stock 4% non-cum authorized $60,000,000___
—
____
Prior lien m tge gold not subject to call____Ale.c’ &r
1898
F irst M gold redeem a t 105 after 1923____U s.c’ &r 1,076
1,657 1898
If R egistered Interest Q -J

Par
Am ount
Value Outstanding




When
Dividend Places Where Interest and
Payable Last
and M aturity Dividends are Payable

$500 &c $340,500 6 & 7 M
1.00C
300,00C
4H g A
1.00C 4,000.00(1 ( 8 4 5 s J
1.00(1
106.00(1
4g F
1,000 1.320.00C
5g A
1,00(1
400,00(1
5g J
l.OOC 6,500,00(1
A
1,000 1,500,00(1
7s J
500 &c 1,407,00(1
4g J
1,000 2,800,000
5g M
1,000 2,418,000
4 K •J
1,000
275,000
4g J
33,500
8
J
1,000
492,000
4g J
1,000 3,925,000
4g J
1,000 1,525,000
4g J
100 1,797,200 See text
1,000
325,000
6
J
£ & $100 5.484,000
6
M
1,000 &c
2,000
5g J
100 1,022,900
5
J
1,000
400,000
5g J
1.000 &c
225,000
4g J
100
225,000
3 Yi •J
1,000 1,250,000
5g M
500
48,500
6
J
100 &c
72,800
6
J
50
390,600 5 & 7 J
1,000
230,000
6
J
690,000
1.000
5g M
1,000
240,000
M
too 152,238.800
6 In 1910 M
100 59,983,954 4 in 1910 M
500 &c 74,824.000
3H g J
500 &c 74,997,250
4g A

d istributed as a 100% dividend (V. 67, p . 954), and In 1900 $10,000 000 4%
certificates of indebtedness (Including $2,500,000 of A tlantic Coast Line
R R . Co.) as a 100% dividend. (V. 71. p. 697; V. 73. p. 4 9 ^ ) As to se­
curities pledged to secure equally the certificates of indebtedness see V
17. p. 1310; V. 83. p. 560. Bal. sheet 1910. V. 91. p 1091. T here axe
$02,000 certificates of Indebtedness additional to those In table.
£ A SR
l *pl; '02. ’03. ’04. ’05. ’06. ’07. ’08. 1909. 1010. 1911.
D1^C hairm
r “ an. H enry6 &W alters.—
,? 8 J(V. 90.1°p. 10
302: V.8 91. p.9 1091.)1 0 M ch.,2H
ATLANTIC
COAST
LINE
RR.
— (See M a p .)—O perates from Richm ond
and N orfolk, V a., on the n orth , to F ort M yers, P ort T am pa and R iver J e t.,
F la., on the south, and M ontgom ery, A la., and A ugusta, G a., on the w est,
reaching the ports of Norfolk, Va.: W ilm ington, N . C.; Charleston, S. C.;
Savannah and Brunsw ick, G a., and Jacksonville and P ort T am pa. Fla.
Sav. Florida & W estern R y. was merged in 1902. V. 74, p. 774, 829.
„{n 2 # * 1902 ac<iuircd $30,600,000 of the $60,000,000 Louisville & NashVlUo R R . stock for $10,000,000 cash. $35,000,000 In 4% collat. tr. bonds
and $5,000,000 stock. V. 75, p. 733, 792, 905; V. 79, p. 785.
Lines owned and trackage— M iles. Lines owned, <fec. (Con.)— M iles.
Richm ond, V a., to P ort T am pa,
Paola J e t. near Sanford to S t.
F l a __________
_
Petersburg, F la _____________ 145
Norfolk.
V a.. to S outh Rocky 906 P alatka,
F la., to B rooksvlllc.. 145
M o u n t________ _
115
Milldale,
F la., to P erry ............ .. 163
C ontentnea to W ilm ington
105
Branches.
&c__________________ 1,525
W ilm ington, N . C., to Pee Dee
Leased—
Junction ...............
97
C
entral
R
R
of So. Carolina—
Florence. S. C.. to A ugusta, Ga. 167 Lane to S. um
ter S . C _______ 40
vSumtcr to C olum bia. _.
45
O
ther
lines____________________
15
Y adkin J e t. (W ilm ington. N.C.)
to S anford______
HO T otal In earnings___________4,491
W aycross, G a., to Folkstou,"Ga". 34
allied lines (see each co.) —
Jcsup, G a., to M ontgom ery. Ala. 355 Closely
Louis. & N ash. (Incl. G a. R R .).7,154
B runswick. G a.. to A lbany____ 169 Charleston
& W estern C arolina. 341
D upont J e t. to F ort M yers. F la . 349 N orthw estern
R R .o f So. C a r.. 71
Also owns one-sixth Interest in the R ichm ond-W ashington Co. Leases,
jointly w ith the Louisville & Nashville R R .. the Georgia R R ., 571 miles.
,, du *y 1909 agreed w ith N orf. & W est, to build jo in tly W inston-Salem
Southbound R R ., W inston-Salem . N . C., to W adesboro, 89 miles, com­
pleted M ch. 1911, the two proprietary com panies guaranteeing an Issue of
1st M. 50-year gold 4s. V. 89. p. 161, 598; V. 90. p. 238; V. 91. p. 1448;
V. 92. p. 396.
In S ept. 1910 con tract was let for extension from Haines City, F la., south
to a point near Lake H are, 46 miles. V. 91. p. 1390.
9 ^ ° £ i i IZA TI° N .—° n April 18 1900 absorbed by consolidation (V. 70.
p. 840, 893); W ilm ington & Weldon R R ., A tlantic Coast Lino R R s. of S. C.
and Va. and Norf. <Sc C ar. R R . Florida S outhern and Sanford & S t. Peters­
burg were merged April 1903. V. 76, p. 918, 971. The A tlantic Coast
Line Co. (of Conn.) June 30 1910 owned $36,008,495 com mon stock. See
th a t com pany above. V. 70, p. 893: V. 71. p. 1116. 1310: V. 83, p. 560.
STO CK.— A tl. Coast Line of Va. class A (Rich. & P et. ctfs.) tax-exem pt
stock vvas assum ed as so much of the com . stock of the new com pany.
£ 9~boldcrs voted Nov. 1909 to Increase the to tal authorized stock from
$60,000,000 to $72,100,100, to provide for the conversion of new 4% convertlble debenture bonds. V. 83. p. 490. 1295; V. 89. p. 1141, 1346
The prcf. stock ($18,850,000) was in 1902 m ostly exchanged for 125% In
4% certlllcatcs of indebtedness. V. 75, p . 1252.
D IV S. (%) — ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. ’09. ’10. 1911
Com. (incl. Cl. A.) . . 2 K 3 H 5 5 a5 6 6 6 5 ^ 5 H 6 Jan 3
Preferred .
2H 5 5 5 5
5 5 5 5 5 5
a Also 20% in com . stock scrip and 5% in A tlantic Coast Line Co. 4%
certificates of Indebtedness. V. 81, n. 1558. b Includes 3% paid In Ja n .
In A tlantic Coast Line R R . 4% certlllcatcs of Indebtedness.
Firat consoL 4s of 1902 (lim ited to $51,326,000 outstanding)
are a first lion on 1,021 miles of road and a blanket lien on 2,924 miles owned
sublcct to the underlying bonds.
3 he stockholders on Nov. 16 1909 (V. 89, p. 1141. 1346) authorized (l)
^v,er°*,nP,Le? ccct/*n£ 5200,000,000 unified m ortgage 50-year 4% bonds;
U) $2.s,5 >2,500 4% debenture bonds convertible Into com . stock, these last
i c an aBernaUvo m ethod of retiring the $23,562,500 certificates of
\hc, ,l RAcra elected to exchange for debenture bonds a t
Pnrr£tl.n»
l, * for
1910;
and (3) toof Increase
the com.
stock to an am ount
suincicnt *°
to Marc
provide
conversion
the debenture
bonds.
,ior y iK b tb e $200,000,000 Unified 4s were or are Issuable.
lssued for Im provem ents and refunding___.................$15,000,000
R(h,T?*?-w°ofS lr? A% certs* of Indebtedness (the holders of all
Sdebtedness
J h S H 0?exercised
of t.h c outstanding
of in­
the option $21,566,600
to exchange4%oncerts,
or before
hb oAn?fiao
tn
.»
th?
r
oC
F
ts
for
d
cb
bonds
or
unified
m
ortgage
d s a t p a r . v . 8 9 , p. 1 4 8 1 1 _______ _____________
562 000
Reserved to retire underlying bonds_______ ______ ____ I &L090.000
Reserved (along w ith any bonds not Issued to retire certs, of
Indebtedness) for future construction. Im provem ents, &c.__ 77,348,000
ben June 30 1910 on 197 miles and a blanket
e£T .hem 4%
( I/C convertible debentures
m,,cs owned,
to underlying
will be subject
redeem able
after May bonds.
l 1916 at
lOo and convertible at the option of the holder into com m on stock a t $135
adate
share
a
t
any
tim
e
up
to
Ja
n
.
1920,
or,
If
called,
up
to
30
days
prior
of redem ption.
K
K to the
As to the $35,000,000 collateral trust 4s of 1902. sec "O rganization”
above. They arc subject to call at 105 In am ounts not less than $100,000.
There were outstanding June 30 1910 $55,000 Bruns. & W est. Incomes.
<77nV
wyashIngto,V
V andcm
$720,000
outstanding)& are
g uar.,ercp. 4&MsI., (SI.500.000
by endorsem authorized,
ent. V. 84. ofp. which
1246.
,Vie Lou Is y. & N ashv. dlv. rate was raised
rrom 0 to 7% . V .89, p. 159o. Bonded debt per mile Ju ne 30 1910, $21,967.
LATEST EA R N IN G S.— [ 1910-11 .G ross, $20,576,014: n et, $6,370,666
8 m os., Ju ly 1 to F eb. 28.11909-10--Gross, 19,249,961; net, 6.382,769
2 3

Rate
%

[ V o l . l x x x x ii

& N May 1915
& O Apr 11 1940
& J July
& A Aug 1 1935
& O Apr 11 1947
1939
A J Jan
& O Apr 11 1946
& J Jan l 1934
& J Jan 1936
& N Nov 1 1938
1928
& J Jan 11 1945
A J Jan 1 1924
& J Jan 1915
& J July 11 1918
& J July 1 1948
& J July 1 1948
Jan 15 *11 iV i
& J Ju ly 1 1917
& S Mch 1911 3%
& J Jan 1 1944
& J Jan 6 1911 2H
& D Dec 1 1924
& J July 1 1953
& J Jan 1 1911 1 H
& S Sept
& ,J July 11 1934
1929
& J July 1 1929
J Jan 1 1911
& J Ju ly
& N Nov 11 1931
1936
& N May 1 1938
& S Mch 1 1911 3%
& S Mch 1 1911 2%
& .TIT July 1 1925
& Oil Ju ly 1 1948

R ichm ond, office
Brown B rothers, NY
First N at Bk, N Y , & Balt
Safe Dep & T r Co, B alt
C entral T rust Co, N Y
Safe Dep tc T r Co, B alt
U nited S tates T r Co, N Y
do
do
do
do
M etropolitan T r Co, N Y
U nited S tates T r Co, N Y
do
do
People’s Bk, C hast’n.S C
U nited S tates T r Co, N Y
M ercantile T ru st Co, JN Y
T rust Co of A m erica, N Y
Check from Co’s Office
N at M echanics’ Bk, B alt
London and Portland
International T r Co. Bost
Savannah, Ga
J P Morgan & Co, N Y
Safe Dep & T ru st C o,Balt
Erie R ailroad, New York
Broad S t S tation, Phlla
Mer T r & Dep Co, B alt
do
do
do
do
do
do
do
do
do
do
Co’s Office, 2 Wall St,N Y
do
do
do
do
do
do

,o & E ^1389
9 £ T(editorial,
- ~ R cPo rt p.for1359).
year ending Ju ne 30 1910 a t length, V. 91, p.
1382.
„
,
1909-10.
1908-09.
1907-08.
Gross r e c e ip ts ----------- ----------- .$29,810,268 $26,144,065 $26,029,052
O perating expenses and ta x e s ._ . . . 19.823,117 18,062,899 20,043,794
N et Incom
receipts
- ....... $9,987,151 $8,081,166 $5,985,258
O ther
e. from traffic____
_
- - - *805,156
*836,873 1.463,376
Dividend on L . & N""stock
- - (7)2.142,000(5 H) 1683000(5 Vx) 1683000
T otal net receipts
----- $12,934,307 $10,601,039 $9,131,634
Deduct—
Interest on bonded debt. &c
’$5,166,568 $5,359,313
In t. on certificates of in debtedness.I $5,506,300
*379,359
*757.122
862,754
r!i i . equipm ent and term rents
55.394
48,569
128,420
44,877
79,830
79,830
Dividend on com mon stock____‘ - - (6)3.195.060(5 H )2669658(5 W>2669540
Balance, s u rp lu s..
$1,879,381
$31,777
tics befit* elim inated” 3 *“ 1900"19 and 1908-09, Interest on treasury sccurl. U F ^IC E R S .—C hairm an of B oard, H enry W alters' Pres T M Fmersnn*
1st V lce-Pres., A lexander H am ilton: 2d V ice-Pres., C. S . G adsden; 3d VIc<>
P res., J . R . Kcnly; Gen. M gr., W . N . Royall- Sec H erbert r ' B orden'
T reas., Jam es F . P o s t.- ( V . 91. p. 1382. 1384. 1389^ V 92/p 1?6 )
. iw**ANTIC & -PANTVILLE RY.— (See M ap Southern R y.)— W est Nor­
folk to D anville, V a., 205 mlies, three branches, 22 miles: Jam es R iver J e t.
to C larem ont (3-ft. gauge), 50 m .: total, 277 m . Leased to S outhern R y.
from S ep t. J 1899 to Ju ly 1 1949 for taxes, repairs, m aintenance and cash
rental sufficient to cover Int. charges, w ith privilege of renewals for term s of
99 years. In addition the Southern R y . agrees to pay the sam e rate of divi­
dends on com/,. stock *asa «paid
on Its own_ com . stock. V.71,p.447* V.79**n' 625—'
AA a aa
1904
fiSf 10July 1
BONDS
l " 9, $500,000 can bo Issued only for
. ......... - j - s u Pon request of Southern R y., Interest charges to be covered
wore to
7 7 5p.
a 5 io)P
cS ni79,
n‘tsp.’ ‘h967;
oixmV.alnlm
wcic
issuioe dd JJ uuiyS li 100?f
19U9. *vV. 77,
195.—se,(V.
89, p.r *750.000
1410.)
N AC L 95 n !S e? N5 R.T,H fC A R 0LIN A RR. — Morchead City to G oldsboro,
stock" T m i s frn S ^ ilf^ tn lS F V 1 9 arol,na owns $1,266,500 of $1,797,200
Co (the
^Pti 190'J to J.a n * 1 1990 to A tlantic & N orth C arolina
o ? blind J
1 £ ater {r^Ps.f?rred to Norfolk Southern R R.) for Interest
u <><° v f W i ' ’ and dlv,(lends a t 3% yearly for 20 years. Increasing
«iJrppJCfn
u ntil 5% Is reached: thereafter. 6% ; lessee also
nfent^ *v e 779,
SCn“p. j2967.
5 0 ’000 by S ept. 2 1907 for im provem ents and cqulpD IV S.— *93. ’94. ’95. ’96. ’97. ’98. ’99. 1900-04. Under- lease
P er cen t------- 2 2
0
2 2
2
2
0
as above.
P res.. F rank S. G annon.— (V. 83. p. 1590 1522.)

ATLANTIC QUEBEC & WESTERN RY.—V. 91. p. 1253.

AUGUSTA & SAVANNAH R R .—Mlllen to A ugusta, G a., 53 miles. In
1895 re-leased to Cent, of G a. for 101 yrs. a t 5% on stock.— (V. 61, p. 239.)
AUGUSTA SOUTHERN R R .—Owns from A ugusta to T ennllte, G a., 82
miles. The Southern Ry In Ja n . 1901 acquired about four-fifths of stock.
V. 73. p. 343. Com. stock. $400,000: prcf., $350,000; par. $100. Y ear
ending Ju ne 30 1910, gross. $209,784: net. $68,903; charges, $40,547;
balance, surplus, $28.356.— (V. 80. p. 2219. 2456.)
AUGUSTA UNION STATION CO.— Owns union passenger station a t
A ugusta, G a.. used by all roads entering the city , the latter under their
operating contract providing for Interest on the bonds and 4% dividends on
stock. Stock, $75,000 (5% paid In), held equally by Southern R y., A tlan#Ihos.
® £ oaat
R - andandGeorgia
. V. 78.
p. 2333:(V.V.82.
79.pp.. 48.)
500. P res.,
K . .Scott;R Sec.
T reas.,R CRarlton
H lllyer.—
AUSI IN & NORTHWESTERN R R. —See Houston & Texas Contra! Ry.
AVON GENESEO & MT. AlORRIS R R .— Mt. Morris to Avon. N Y . 18
3h %
(aftcr 1911) *
BALT. & ANNAPOLIS SHORT LINE R R . —Sec "Electric Ry. Section."
O reaif* ritv ^8 rt
ATLANTIC
RY.ore,
— Owns
from £,
Llaibom
c to Baltim
44 mC.,laiborne
transfer tois
m igrated 'i
'
nCn
ow
ned*
1.134
m
.:
total
mileage
owned
t J Pennsylvania and P hil. B alt. A W ash. In Fand
eb.
°v,zcd to Purchase a t $70 per share the $478,100 m inority
c}lfA*i$oFG‘ a* ? _allIed cos. already owning all the $ 1 ,0 0 0 ,0 0 0
T?lv on1
nn*rd9 oZ° m 5onQl9S
|th<i $i(m^°.’000
5 Mcum
• v; -92.
p .525.M593.
Sentref'
5 ; ,n l90(>.
ch..* Prcf
3% ;• Ostock
ct., 2%
In 1907.
ch..

Jan. 31?3%2%’

1908, ° ct”

1910. Jan., 5%; Sept., 2%; 1911.

nf lflln S\?HCS n » Iier^ Vi0tcd on J a n - 26 1905 to acquire a m ajority of the stock
* v ,rK,n,a
extending
Q ueenstow
n.
n\rdn O o M t ^ K ’ P”c,ajyare
Wuth branches,
a to tal of 77
m ., and from
guarantee
$2,000,wi-L« flrst m t&c - bonds. See th a t co., V. 80. p. 110. 1058.
otif, .Sa year Tl°,"r ends Dec. 31. In 1910, gross, $1,092,777; net, $213,693:
?i?pfuS“
^ ( v . C9 " g“ 'l257:38 o i d m e,nds (5%) • ?7n ,0 0 0 :1’,llance•
“ ALT'M ORE & CUM BERLAND (RR. AND R Y .).— The RailroaH o.xK n i S tatc Llnc- M d., to W aynesboro, P a.. -1.55 miles: stock. *7(1,700.
o 8llarcs* rh e Hallway extends from E dgem ont, M d.. to S tate Line,
i a ., 3 m .; stock, $42,500, In $100 shares. Both arc leased to W estern
M aryland R R . for 50 years from Ju ly 1 1S79. with privilege of renewal or
purchase: rental. Interest on bonds.
hJ A L T IM ° R E * CUM BERLAND,VALLEY EXTENSION R R .— Waynes-

boio to Shlppcnsburg, Pa., 26.52 miles. Leased to Western Maryland HR.

A p e ., 1911.)




railw ay Sto c k s a n d bo nds ,

13

14

RAILWAY STOCKS AND BONDS.

IIA IL R O A I) COM P A N IE S
[For abbreviations, *&c., see notes on first page]

M iles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

[VOL. LXXXX1I.

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

B & O (Concl)—Southw D lv 1st M $45.000.000g.F.cAr
930 1899 $500 Ac $44,951,640
Co’s office. 2 W all S t. NY
Jtf Ju ly 1 1925
3m gJ
P itts Ju ne A Mid Div $20,000,000 1st M g_ -Ce.c* Ar 384 1898 500 Ac x6.175.23C
do
do
z
Nov 1 1925
3M g
P L E & W V Sys ref g red 100 after 1925_Un.c* Ar 1,642 1901
1,00(1 43.260.00C
do
M
A
N
do
4
g
Nov
1
1941
1905
New York Dlv A Term first m tgc $10,000,000 gold.
Bee text
J
D
4
g
A
Secured gold notes $50,000,000 au th call p ar.U sm .e
1910 1,000 Ac 50.000.00C
do
do
4M g JF A AD Ju ne 1 1913
E quipm ent bonds due $1,000,000 y early ----------1910
1,000 See text
4
A To Feb 1 1920
Bonds Underlying First Mortgage 3 Ms—
Loan 1853 extended In 1885 gold-----------------------377 1853 500 Ac
102,500
4 g A A O O ct 1 1935
Office. 2 W all S t. N Y.
P ittsburgh A Con 1st M extended in 1890 in gold__
1868
1,000
56,000
4 g J A J Ju ly 1 1946
do
do
Cent Ohio $2,500,000 con 1st M (1st loan) g.M eB a.c 144 1886
1,000 1,009,000
M
A
S
S
ept
1
1930
do
do
4
M
g
P ittsburgh Ju nction 1st M $1,440,000 gold..M e.c^
7 1882
1,000 a934,000
J A J Ju ly 1 1922
do
P ittsb u rg h Ju nction 2d M $300,000 g old..M e.c
1,000
£*243,000
7 1894
5 g J A J Ju ly 1 1922
do
do
Bonds Underlying Pittsburgh Lake Erie & West Vir gtnia
Clev L or A W heel cons M (now 1st) gold__Usm.c* 192 1893
1,000 5,000,000
A
do
5
g
A
o
O
ct
1
1933
890,000
G eneral m ortgage $1,000,000 gold redeem 105 N.c 192 1896
1,000
5 g J A D June 1 1936
do
1,000
Cons ref M $10,000,000 gold red a t 102M --T a.c
950,000
102 1900
do
4 H g JM A J Jan 1 1930
1,000 3,301,000
Cleveland Term A V alley 1st M gold guar.-M e.c* Ar
88 1895
4
g
do
A
N
Nov
1
1995
700,000
M ouongahcla R lv R R 1st M gold guar B A O . .Ce.c*
1,000
30 1889
5 g F A A Feb 1 1919
do
Ohio A L ittle K an R y 1st M $250,000 red 105 gold
1,000
228,000
72 1900
5 g M A S Mch l 1950
do
Ohio R iver 1st m tgc ($2,000,000) gold____FP.c*
1,000 2,000,000
172 1886
5 g J A I)
do
do
General m tgc $3,000,000 gold 1st on 39 m iles..c* 209 1887
1,000 2,941,000
5 g A A A pr 1 1937
1,000
361,000
R av Sp A Gl 1st M $400,000 g guar p A 1. _FP.c*
6 g l’1 A OA Aug 1 1920
33 1890
do
do
1,000
303,000
H untington A Big S 1st AI $400,000 g g u a r____c*
6 g J A Ju ly l 1922
11 1892
do
441,000
P ittsburgh Cleveland A Toledo 1st m tgc gold______
1,000
6 g A A OJ O ct 1 1922
77 1882
do
82,100
P ittsburgh Newcastle A L E 1st M extended In gold
4 g J A D June 11917
30 1878 100 Ac
F
irst
N
at
Bk,
Allegheny
650,000
1,000
4 g J A .J Ju ly 1 1917
P ittsburgh & W estern 1st cons M $10,000,000 g._c* 215 1887
J P Morgan A Co, N Y
300,000
1,000
5 g J A .J Jan 1 1922
Ellwood S hort Line 1st m tge gold $300,000____G
3 1892
Go’s office. 2 W all S t. NY
1,000 3,983,000
4 g A A O A pr 1 1990
W Va A P 1st M gold 5s scaled, red a t p a r. Mc.Ba.c* 176 1890
do
do
Leased Lines, tfee.. Securities—
50,000
1,000
5 g M A N May 1 1939
Balt A N Y R R 1st m tge gold g u a r____M eBa.cAr 5M 1889
618,000
1,000
5 g J A D Dec 1 1945
1895
Alon R iver Coal M $1,500,000 gold s f redeem a t par
A m er Bonding A T r.B alt
1,000 5,000,000
4 g J A D June 1 1925
12 1903
Schuylkill R iver E S R R 1st M g guar p A Icndor
518 W alnut S t. Phlla
1,000 1.000,000
6 K A A O Jan 1 1913
17 S tate S t, New York
It 1883
S taten Isl R ap T ran 1st Al $1,000,000 g $ or £ Us.c*
1,000
511.000
J A 1) June 1 1943
1893
do
S taten Island R y 1st m tgc $1,000,000 gold— Me.c*
do
4)4
g
13 1886
1.000
394.000
5 g J A D Ju ne 1 1936
M ercantile T rust Co. N Y
Balt
&
Ohio
Chic
Term
RR—
Ch& GtW IstAI g ass'd.c*
650,000
M A N May 1 1938
City of Chicago purchase m oney m tge assum ed-----28,000,000
A & O A pr 1 1960
1910
F irst m ortgage $50,000,000 a u th o riz e d ....................
M. A N.;
a “ T otal Issued” shown In first left-hand colum n, ba lance being owned b y B altim ore S AC'UOhio.
IM'J .
L. E . a W .Va. Sys. 4s.
reg. Int. Q .-F. H R eg. Int. Q .-J.
In partial exchange for old bonds and sold ($4,000,000)____$14,569,000
for 50 years from Ju ly 1 1881, w ith privilege of renew al, for Int. on bonds
and dividend on stock, am ounting In all to $38,730. Sec table above and
Of this Issue, $6,175,230 is In hands of the public and $7,635,050 pledged
as part collateral for P itts. Lake Eric A W est Va. System 4s.
V. 75. p . 665.— (V. 75. p. 665.)
U nderlying bonds, see table: underlying stocks still out, $21,227.
BALTIMORE
&
HARRISBURG
RR.
— Em ory G rove,A id., to O rrtann a’
(5) Pittsburgh Lake Erie A West Virginia System m tgc. refunding 4% gold
P a .. 59 m ., w ith branches, 7 m ., to tal, 66 m. Leases B alt. & H arrisburg bonds
am ount $75,000,000) are a lien on 1,642 miles, consisting
R y ., W estern extension, O rrtanna to Ilighllcld, 15 m ., guaranteeing Int. on of the (authorized
R iver, Clev. Lorain A W heeling, P ittsburgh A W estern, Ac.,
Its bonds. Leased to W estern Afaryland R R . for 50 years from O ct. 25 form ingOhio
a
direct
connection
w ith P ittsburgh, Cleveland, F airport, Lorain
1886: rental, Int. on bonds and 5% on pref. stock (all paid AI. A N .). and Sandusky, subject to underlying
bonds outstanding thereon (sec table
Dividends on com m on a t 5% yearly had In 1910 been paid for over 5 years. above). In S ept. 1905 $29,060,950 additional
underlying bonds. Including
Stock, com ., $690,900: pref., $29,100.— (V. 44, p. 812.)
$7,635,050 P ittsb . Ju ne. A Middle Dlv. 3 Ms, were held In trust as part se­
The $30,553,000 unissued are reserved to retire underlying bonds,
BALTIMORE
&
OHIO
RR.
— (See M a p .)— RO A D .—O perates from B alti­ curity.
more to Philadelphia and B altim ore to Chicago, Cincinnati and S t. Louis; V. 74, p. 266; V. 79, p. 2793; V. 80, p. 1423; V .8 6, p.479; V. 88, p. 451, 685.
(6) New York Division and Terminal Is/ 4s (authorized am ount $10,000.­
total mileage leased, owned and operated In Ju ly 1910, 4,434 miles. “ Royal
000) are secured by deposit w ith the trustee of all the S taten Island Rapid
Blue Line" (see C entral R R . of N. J.) gives access to New Y ork.
T
ran
4s as Issued ($5,000,000 authorized), all the $350,000
H IS T O R Y .— Receivers were appointed In Feb. 1896. but In 1899 reor­ B alt. sitA refunding
N. Y. 1st 5s and th e entire stocks of those com panies. Of the
ganized w ithout foreclosure, per plan In V. 66, p. 1235. T he B . A O. S outh­ bonds,
were Issued on Ju ne 30 1910, b u t held In the treasury, the
w estern was reorganized per plan In V. 67. p. 688. the consol, m tge. of 1893 balance$5,000,000
reserved for the furth er equipm ent, developm ent and exten­
having been foreclosed; C ent. Ohio, &c.. plan, V. 67, p . 688, 1206, 1356. sion of thbeing
e S taten I. properties, including B alt. A N . Y . R y. V. 83, p. 1042.
The system em braces, subject to m ortgages, the following lines:
In N ov. 1907 purchased 2,000 cars from the Fairm ont Coal Co., assum ing
Pr.lien 3 M% M .— (1,076m.) Miles. P ittsburgh A W estern________ «21 p art of $1,529,000 5% car trust bonds due $162,000 yearly to Sept. 1918
B alt.to W heeling, B clprc.O .. Ac. 721 P Ittsb . Cleveland A T oledo. ... 77 V. 85, p. 1404. G round ren t liens June 30 1910. $1,145,057.
Cum b. to P Ittsb. A w ., Ac
355 P Ittsb. Palnesv. A F airp o rt__ 53
LEA SED L IN E S .— Schuylkill R iver E ast Side 5% bonds were purchased
E astern O hio_______________ . 17 Dec.
1st Mtge. 4 % — (581 miles) —
1 1903 a t 110, per V. 68, p. 40. and $5,000,000 new 4s Issued guaran­
B alt, to Phlla. and branches__ 1371 T rum bull A A lahoning------------- 11 teed
p. A 1. by endorsem ent. V. 77. p. 1745; g uaranty , V. 81, p. 727.
Chicago, 111., to A kron, O hio.- 378 Alonongahela R iver R R ----------- 30
T
he
W est Virginia A P ittsburgh (see agreem ent In V. 67, p. 1310) has
Branches to F airm ont, W .V a., Ac. 66 Clev. Term inal A V alley— — 92 been operated
since S ept. 1 1899 under a 99 years’ lease, for 4% on the m tge.
Clcve. Lorain A W heeling R y.,
South W . Div. 3M % M .—
to be appropriated to paym ent of bond interest. V. 69, p. 439.
W
heeling
to
Cleveland,
Ac__
al95
Belprc, O .,via Cine. to S t.L ., Ac. 930
Owns
$1,956,000
of $2,400,000 P itts. Clev. A Toledo 6s. V. 76, p . 47.
P itts. J et. 3 M % M .— (384 miles) Ohio R iver R R . Lines—
In F eb. 1909 sold $13,100,000 P itts. L . E . A W est Va.
Bcuwood to W heeling, &c._ a265 div.FIN4s.A N VC ES.—
Bellealre to M idland City, Ohlol
.
86,
p.
1528: V . 87, p. 36.
Shaw nee to S andusky, O h io ../ 377 W est Virginia S hort Line R R . _ 58
1910 sold $10,000,000 4% equipm ent bonds dated F eb. 10; also filed
P ittsburgh Junction R R _____.
7 Ohio A L ittle K anaw ha R R . .. 74 4%Inequipm
ent
m
tge.
for $10,000,000. none to be Issued a t present. V. 90.
P .L ./■ ;.& W . V .Sys .4 % M . (* 1,042/n.)
p. 696, 848.
W est Virginia A P ittsb u rg h __ 176 T otal ol all (adding Baltim ore
l910 S0J (l S40.000.000 3-year 4 M% gold notes, p art of a $50,000,­
. Belt and other lines), ........... _4,434 000*.naMiLy
u th . Issue, for im provem ents and equip., secured by $6,000,000 llrst
Includes 384 m ., also covered by P itts. J e t. 1st Al. a See this com pany.
o A' O. i Chic.
lcl Rfc**
R eading
com
. stock$10,000,000
and $28,­
The $15,140,000 Chicago T erm . T ransfer 1st 4s were redeem ed M ay 3 nnnf
000,000
B.
Term antl
. 1st$10,000,000
M. 4% bonds,
the rem
aining
1907, and In Ja n . 1910 the property was bid In at foreclosure sale and re­
sold to retire the $10,000,000 notes due Mch. 10 1911. O ther collat­
organized as B. A O. Chic. T erm . R R ., w ith $8,000,000 authorized stock; being
eral
m
ay
be
substituted
as
stated
In
the
indenture.
V.
90,
p.
1295;
V. 92.
bond Issue a u th ., $50,000,000 50-year bonds. V. 90, p. 166, 1101.
Control of the Cincinnati lla m . & D ayton.— Under the readjustm ent plan p. 460.
expenditures
for
13
years
ending
Dec.
31
1909
were
$151.­
of the Cincinnati H am ilton A D ayton (V. 88, p. 1436, 1498), the Baltim ore 704,000, and $24,000,000 will bo required to com plete construction
A Ohio in A ugust 1909 acquired virtual control, and Is to acquire full con­ betterm ents In progress and equipm ent contracted lo r. V. 1)0, p. 160. and
trol on July 1 1916 a t a price to be fixed by arb itrato rs, the controlling
E A R N IN G S.— 8 m os., 11910-11.-.G ross. $59,323,126: n et, $16,908,474
stock to be vested m eantim e In three voting trustees, one to be the Presi­
Ju ly 1 to Feb. 28. \1 90 9 -1 0 .--G ross. 57.879,581; n et, 18,083,208
dent of the B. A O. for the tim e being. C ertain of the securities of the
C. II. A D. arc guaranteed. See th a t com pany. V. 89, p. 102, 468.
R E P O R T .— F or year 1909-10, V . 91, p. 1020, 1037. (Sec also p. 997.)
Year
ending June 30—
1909-10.
1908-09. Inc. or Dec.
R EA D IN G CO.. Ac.— In 1901 $68,565,000 (virtual control) of the $140,­
.......................
4.434
4.400
— 26
000,000 R eading Co. stock, consisting of $12,130,000 1st pref., $28,530,000 Miles
F
reight
earnings
.................
...$69,408,113
$58,355,112
+$11,053,001
2d pref. and $27,905,000 coin., was acquired, the Lake Shore & Michigan Passenger earnings....... .................
14.485,585 13,551,238
4934,347
S outhern R y. Co. (V anderbilt system ) taking about one-half. In 1904 Mall,
express, &c., e arn in g s._____ 5,007,554
4,506,506
+ 601,048
the B. & O. and L . S. A Al. S. each sold $3,950,000 of the com mon. V. 76,
p. 101: V. 80, p. 1856.
Total gross earnlugs.......................... $88,901,252 $76,412,850 +$12,488,390
PEN N SY LV A N IA AND U N IO N PA C IFIC IN T E R E S T .—The Pennsyl­ O perating expenses________________ 61,333.801 51,163,981 +10.169,820
vania R R . Co. on Ja n . 1 1910 owned directly $14,273,600 pref. and $5,725,­
Net earnings________ ______
000 com . stock; also— through the N orthern C entral and P hlla..B . & W*
S27.567.451 $25,248,875 +$2,318,576
(each owning one-half)— $2,000,000 pref. and $2,097,400 com . stock, and, O perating income (after taxes) . $24,497,854 $22,438,051 +$2,359,803
4.217,898 3.347,257
+ 870.641
through Pennsylvania Co., $5,000,000 pref. and $13,451,200 com. stock. O ther Incom e________ _____ .
U nion Pacific In S ept. 1906 purchased $32,334,200 com . and $7,206,400
T otal net In c o m e ..................
$28,715,752 $25,785,307 + $2,930,445
pref. stock. V. 83, p. 562, 686, 1036; V. 84, p. 50, 569.
___
$12,468,165 $12,049,301
+ $418,863
STO C K .—A uthorized Issues: Common, $152,750,000: pref. 4% non-cum ., Interest, rents.Im<fcc
provem ents, A c.
415,701
549,572
— 133,811
$60,000,000: outstanding, see table above. Pref. stock dlvs. are lim ited to Miscellaneous
Dividends
on
preferred
stock
(4-c,)
2,355,075
2.355,887
— 212
4 % . (See V. 71, p. 1166, and editorial, p. 1143; V. 72, p. 1186.)
Dlvs. on com mon stock (0 % ).......... 9,118 538 9,116.431
+ 2,107
^ D IV ID E N D S.—
*00. ’01-’04. ’05. *06. ’07. ’08. ’09. *10. 1911.
Common (%) _ _ ....................
2
4 y ’ly.
4 M 5 M 666
6M ch.,3
surplus ------------ -------- $4,357,613 $1,714,116 +$2,643,497
Preferred (%)
4
4 y ’ly.
4
4 4 44 4 M ch.,2EBalance,
xecutive Com m ittee— Daniel W illard. C hairm an: Oscar G. M urray,
BONDS.— (1) prior Lien 3 M % . a first lien on m ain line and branches, .1. R . Foard, I,. F . I.orce. R obert 8 . L ovett, E . R . Bacon. N. B. Ream anti
I arkersburg branch and P ittsburgh division, about 1,076 miles of llrst track Sam uel Rea; Pres., Daniel W illard: 1st V ice-Pies., Geo. F . Randolph; Sec.,
and 1,325 miles of second, third and fourth tracks and sidings, and also all C. W . W oolford; T reas., J . V. McNcal.
the equipm ent now owned of the value of upw ards of $20,000,000, or hercD irectors— R . B rent Iveyser, John P . Green, Sam uel Rea, Joseph R .
1
T otal authorized, $75,000,000. See application to list, F oard,
Oscar G. M urray, Jam es Speyer, R obert S. L ovett, N orm an II.
9; 30: V. 78. p. 1906; V. 86. p. 1528; V. 86, p. 36.
, Jam es Stillm an. Edw ard R . Bacon, Joseph W ood, L. F. Loree.
(2)
v irst Mortgage 4% Cold Bonds, Due J u ly 1 1948 b u t subject to call,R eam
New
York
office, 2 W all S t.— (V. 91, p. 1327; V. 92, p. 460, 794.)
In whole or In p art, after July 1 1923, at 105; a llrst lien on the Philadelphia,
r , . a, rA kron divisions and branches and the Fairm ont Alorgantown &
BALTIMORE
& OHIO CHICAGO TERMINAL RR.—P roperty con­
I Ittsburgh RR. , covering about 581 miles of first track and about 573 miles sists
of passenger and freight term inals In city of Chicago, lines of railw ay
of second, third and fourth tracks and sidings: also on the B. A O. Term inal leading
thereto
and
a belt line around the city; also 760 acres of land In
property and the Baltim ore Belt R R . They are also a lien, subject to prior
adjacent to the city, of which 50 acres are In the centre of the business
lien m tge., upon m ain line. Ac. See app . to list. V. 69, p. 30; V. 79. p . 2 1 1. district:
also
Includes
feet of dock property on Chicago R iver. N early
lo ta l authorized (Incl. $49,975,000 Issued a t reorganization). _$i 6 5 .000,000 all land, Including th at7 ,o00
upon which tracks have been built, Is owned In fee;
75.000.000 I rack owned, 84 m .; leases
Of which reserved to retire prior lien bonds In 1925______
from Chicago Junction R y. 11 m .; trackage, 7 m .;
Issued and Issuable for betterm ent or extension of the prop­
total, 101 m .: 2d track, 60 m .; sidings, 118 m .; total all tracks, 280 miles.
erties covered by mortgages (l) and (2), or for extensions,
—Successor to Chicago Term inal T ransfer R R ., bid In on Ja n .
additions or equipm ent; at not over $1,500,000 a year for
UK) by the B. A O. under foreclosure of 1st m tgc., subject to two under1st 4 years and $ 1.000,000 a year thereafter, originally
27,000,000 10
ylng rntges shown above. V. 00. p. 166. 100, 235. 625. Stock author­
(3) Southwestern Division \st Mortgage 3 Ms. V irtually a llrst
ized, $8,000,000; par $100.
lien upon the properties constituting the B. A O. South­
western R R . system , or the securities representing the sam e,
T EN A N TS.— B alt. A Ohio, Chicago G reat W estern, Chicago Junction.
Pere M arquette. Sec V. 77. p. 048. 2158: V. 70, p. 001. Minimum rentals
covering about 930 miles of llrst track and about 401 miles
of second track and sidings. All Issued___ ______ 45,000,000 from tenan ts, $513,500 annually, v . 70, p. 2084.
(4) B . A O., Pittsb. J e t. A M id. D iv. 3 Ms. Expected" to be ul­
BON DS.— Of the 1st M. bonds of 1010, $28,000,000 Issued as series A 4s
tim ately a llrst lien upon the railroads of the Central Ohio
given to the B alt. & Ohio to represent the cost of the property, and are
system and P itts. Je t. R R . Co., 385 miles In all. T otal
20,000.000 were
pledged
under Its 3-year 4 y,% secured gold notes, $5,000,000 additional
Issuable $1,000,000 per year for first two years and there­
series A 4s to be Issued when required for Im provem ents and $1,200,000
after $500,000 per year, for the enlargem ent, betterm ent
reserved
retire the old bonds aud $15,800,000 tor extensions, Improve­
or extension of the properties covered....................................... 5,000,000 m ents andtoequipm
ent to bear not over I > Interest. V. 90. p. 1295.






16

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations , A c., see notes on first page]

Miles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

(VOL. LXXXXII.

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

Baltimore
& Potomac— See P h lla B a lt A W ash ingto n.
B a n g o r & Aroostook— S to ck (see te x t) _____________

$ 1 0 0 $ 3 ,0 0 4 ,2 0 0 4 ln 1 9 1 0 S e m l- a n J a n 9 1 9 1 1 2 % C h e c k s m a il e d
F irs t m o rtg age (516,000 p er mile) g o ld .............Q.c*
2 i l 1893
3 .3 6 0 .0 0 0
1.00C
5 g J & J J a n 1 1943
G u a r T r u s t C o , New Y o r k
Second m o rtg age g o ld ...................................................Usm
211 1895
1.0
0C
1 1 2 ,0 0 0
6 g J & J J u ly 1 1945
do
do
F irst m tg e P iscataq u is D lv $1,500,000 g o ld ..Q .c *
77 1899
1.0
0
C
1 ,5 0 0 ,0 0 0
5 g A & O J a n 1 1943
do
do
V B ur E x t 1st M $500,000 g (V 69, p 9 5 2 ) . .. Q.c*
33 1899
1.0
0
C
5
0
0
.0
0
0
5 g A
O J a n 1 1943
d
o
d
o
A roostook N o rth e rn 1st m tg e $225,000 g o ld ..Q .c
1,00(1
2 2 5 .0 0 0
5 g A A O O c t 1 1947
do
do
Consol refu n d in g m tge $20,000,000 g o ld .. OB c 1 5 K 1 8 9 7
6 ,7 2 1 ,0 0 0
1.0 0 C
4 g J A J J u l y 1 1 9 51
B
r
o
w
n
B
r
o
s
,
N
Y
& B o st
M edford E x t 1st M $1,000,000 g (V84.p692) .U s.c* 4 12 28 11 99 00 17
1 .0 0 0 ,0 0 0
1.0 0 C
5 g \f A N M a y 1 1937
do
do
W ash b u rn E x te n sio n 1st M g o ld _________C e.c*A r
55 1909
1 .6 5 0 ,0 0 0
1.0 0 C
5 g F A A A u g 1 1939
C e n tr a l T r u s t C o , N Y
S t Jo h n s R lv E x t 1st M $1,800,000 g u aranteed Ce
60
1
9
0
9
1
,6
5
3
,0
0
0
5
F
A
1.00G
A
A
u
g
1
1
9
3
9
A roostook C o u n ty bonds (assu m ed )_____
'
7 2 8 ,0 0 0
’9 2 - ’9 5
1.00C
V a r io u s S e p t 1 2 - J u ly 15 F o u r t dh o N a t B a n dk o, B o s t
4K
N o rth M aine S e a p o rt 1st M gu ar p A L .U s m c*A r
54 1 9 0 5
1.00C 4 ,6 8 8 ,0 0 0
5 g A A O A p r 1 1935
C ar tru sts S e r C gold g u a r d u e $45,000 s-a P eP c*
1
9
0
6
1.00C
4
9
5
,0
0
0
5
g
.1
A D T o J u n e 1 1916 B ro w n B ro s N Y B o sA P h
C ar tru s t Ser D g gu $45,000 du e s-a _________PePc*
1907
1,00(1
5 8 5 ,0 0 0
5 g A A O T o A p r il 1 1 9 1 7 BB rr oo ww nn BB rr oo ss ,, NN YY A& BB oo ss tt
Bath
& Hammondsport— F irst m ortgage
10
1
8
8
9
1
.0
0
0
1
0
0
,0
0
0
5
J
A
D J u n e 1 1919
5 0 C h u rc h S t, N ew Y o rk
S econd m o rtg a g e ______________
10 1893
2 0 0 ,0 0 0
1 ,0 0 0
5
A
O O c t 1 1923
do
do
Beaum’t St Q t N or— 1st M g $40,000 p m re d “l0 2 U ' 0
33 1909
1 ,0 0 0
6 0 5 ,0 0 0
5
g
J
A
J
N ew Y o rk
to e ? 1h C reek— S to ck (guaran teed 4% by endorsem ent)
165
5
0
6
,0
0
0
,0
0
0
4
Q
—
J
1% G r a n d C e n t S t a t i o n , N Y
J ir s t m o rtg ag e gold gu ar p & 1 (en do rsed). . K .c& r 1 6 5 1 8 8 6
1 ,0 0 0 5 ,0 0 0 .0 0 0
4 g J A J
do
do
S econd M to r $1,000,000 g gu ar p A 1 (e n d ). . U n.c& r
892
1 .0 0 0
1 ,0 0 0 ,0 0 0
5g J
J J u ly 1 1936
Clearfield B Itum Coal 1st M Int g u a r by Bh Cr g c 1 6 5 11891
100 & c
7 2 1 ,5 0 0
4 g J A J ’
1
1
9
4
0
K
n
ic
k
e
r
b
o
c
k
e
r
T
r
u s t ,N Y
Beech
C reek E x te n — 1st M $4,500,000 g gu p & 1 Q.c*
1
,0
0
0
&
c
5 9 1 9 01
3 ,5 0 0 .0 0 0
3H g A A O
1 1 9 51
G ra n d C e n t S ta tio n , N Y
B eech Creek consol m tge $20,000,000 go ld._G .o* & r
9 0 5 1 ,0 0 0 & c 3 ,9 6 4 ,0 0 0
4 g A A o . 1 1955
do
do
Be ling ham B ay & B rit Col— 1st M $1,000,000 gold s f A ll 11901
1 ,0 0 0
6
5
9
,0
0
0
J
A
D
D ec 1 1932
TT S M & T r C o . N Y ;A S F
B elt RR & Stock Y ard or Indian ap olis— S to ck ................
50
1 ,0 0 0 ,0 0 0 6 In 1 9 1 0 J Sc J '
1 1911 :
C o ’s o f f ic e , I n d ia n a p o l is
P referred sto ck cum u lativ e
_
50
5 0 0 ,0 0 0
6
O— T
do
do
F irst m o rtg age for $1,000,000 cu rren cy I I 111-11111
1 8 81
1 ,0 0 0
1
.0
0
0
,0
0
0
6
M
A
N
W H N c w b o ld , P h lla d e lp
N ew m ortgage $1,000,000 g o ld _______ _____ _______
1909
Belt R y of C h atta n o o g a — F irst m tge g o ld ___M eBa.c*
49 1895
1 ,0 0 0
3 0 0 ,0 0 0
5
r
A
J
.
a lt
B elvidcre D elaw are— S to ck $ 4 , 0 0 0 ,0 0 0 ..............................
_ __
5 0 1 .2 5 3 ,0 0 0 10 In ’10
'10 10% MB reoracda n Stilt e ST tra tAi o Dn ,e pP.Bh lla
C o n so lid ated )g u aran teed by U nited Co’s sink fd ._ r
81 1 8 8 5
1 ,0 0 0
5 0 0 ,0 0 0
4
M A S
do
do
m o rtg age [gu aran teed by U nited Co’s sink fd__r
81 1 8 8 7
1 .0 0 0
7 4 9 ,0 0 0
4
F
A
A
1
1
9
2
7
do
do
of 187.5 [issue $600,000 red uced b y sink fd__r
81 1 8 93
1 .0 0 0
5 0 0 ,0 0 0
4
J A J
1 1933
do
do
$4,000,000 Jg u a ra n te e d by U n ited Co’s sink fd .c
81 1 9 03
1 ,0 0 0
9 7 2 ,0 0 0
3K g r A J J
d o a n d B k C o m ,N Y
B e n n e t t s v i l l e & C h c r a w — 1 s t M $ 1 5 0 ,0 0 0 g -MeBa
_ 1911
1 5 0 .0 0 0

B e s s e m e r & L a k e E r ie — E r ic e q u i p m e n t t r u s t
L o c o m o ti v e e q u i p m e n t t r u s t ______ ____________

_

1902
1903

1 .0 0 0
1 ,0 0 0

R E P O R T . — R e p o r t o f o ld C o . f o r y e a r e n d . J u n e 3 0 1 9 0 9 , g iv e n In V 8 9 .
p . 1 0 6 6 , s h o w s : O p e r . r e v . , $ 1 ,0 9 1 ,8 1 7 : o p e r . I n c ., d e f . a f t e r t a x e s , $ 1 0 1 7 2 7 o t h e r I n c o m e , $ 6 9 8 ,4 1 2 .— (V . 9 0 , p . 6 2 5 , 1 1 0 1 , 1 2 9 5 ; V . 9 2 , p 1 0 3 1 )
'
B A N G O R & A R O O S T O O K R R . — (See M a p .)— O idtow n M e ., n o r t h e r l y

1 ,2 2 0 ,0 0 0
1 5 0 ,0 0 0

r

5
5

A
A

M A

M

J J
S

1 1 9 41

8

H om e T r C o, H o b o k , N j
do
do

i
^INE RY. OF MONTGOMERY.— O w n s r e a l e s t a t e a n d a b e lt lin e
In M o n tg o m e r y , A l a . , a b o u t 1 m ile o f t r a c k o n T a l la p o o s a , B e ll, P e r r y a n d
C o lu m b u s s t r e e t s . A t l a n t i c C o a s t L in e R R . p a y s a n a n n u a l r e n t a l o f $ 1 5 ,„ A t l a n t i c C o a s t L in e R R . o w n s a b o u t 9 9 .9 % o f t h e $ 2 0 0 ,0 0 0 s to c k p a r , 5 1 0 ° . T h e 5 2 0 0 .0 0 0 6 % b o n d s w e re p a id o lf a t m a t u r i t y , J a n . I 1 9 1 0 .'
V . 9 0 , p . 1 0 7 . Y e a r e n d in g J u n o 3 0 1 9 1 0 , g ro s s , 5 2 0 ,5 0 0 ; n e t , 5 1 4 ,4 2 8 ;
c h a r g e s , 5 1 1 ,0 3 6 ; b a la n c e , s u r p l u s , 5 3 ,3 9 2 .— (V . 9 0 , p . 1 0 7 .)

to Van B uren, w ith branches; to tal, 599.3 miles, viz
Lines owned —
Miles.
Leased—
M iles.
O idtow n to Van B uren................. 221.7 N oLines
r t h e r n M a in e S e a p o r t , L a
A shland J e t. to F ort K en t_____ 9 4 .9
G
r
a
n
g
e
to
S
e
a
r
s
p
o
r
t
.
_
_
.................5
4 .1
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.— O w n s 14
Milo J e t. to G reenville______ 48 8 S p u r s ...................................
5 .3 m ile s o f b e lt r o a d & c . L e a s e d f o r 9 0 9 y e a r s to I u d . U n io n — w h ic h s e e .
South La Grange to P ac k ard s.. 28.0
o ‘ I},F o b ; 1 9 H I t w a s d e c id e d to I n q u ir e I n to t h e l e g a li ty o f t h e p r e f e r r e d
S t.J o h n s R iver E x te n sio n ... 32 0
o co cK . v . y i , p . o 9 o .
M asardts to Stockholm , A c____55.0
B ra n c h e s ............................................. 5 9 .5 T otal Ju ne 30 1910..................599.3 o , G t v 'h ID 1 P r e f e r r e d I n f C o m m o n '0 5 . '0 0 . ’0 7 . ’0 8 . '0 9 . '1 0 . 1 9 1 1 .
S in c e 1 9 0 4 / l u l l t o d a t e . ( s t o c k , % 8
8 11
IK
a h S ? fS n r 2 .i 5 ? Incorporated with So 1 0 .0 0 0 stock to build t n I2 ,* iS iy *v,9 0 l $ 1 .0 0 0 ,0 0 0 3 0 - y c a r 4 % b o n d s w e re s o ld f o r d e l i v e r y In 1 9 11
™
S
5
Huron.
F
t.
K
ent
and
S
t.
Francis,
which
t o r e t i r e t h e b s d u e A p r il 3 0 1 9 1 1 . V . 8 9 , p . 4 0 . P r e s . . S . E . R a u h .
was m ostly opened In Jan . 1910: other extensions by Bang. & A r. aggre­ I n d i a n a p o l i s , I n d . — (V . 8 9 . p . 4 0 ; V . 9 2 . p . 3 9 3 .)
gating,!.-) m. have been authorized. V. 85, d . 920; V .8 9, p . 1 0 1 .
mVCXhhX
Owns 49 miles of
waso™ enedVoVS t2SO1910.'VCr cxtcnsl0“ ’ E t' K ent to a ra n tl Isle' 2 8 miles, beREmMr„uu
c e l t r a i l r o a d In
a t t a,<OP
n o o gCHATTANOOGA.
a , T c n n . V . 6 7 , pTENN.)—
. 72
o x 2 R,S A n I.ZATI, ° ‘Nf -— Organized Feb. 13 1891. S tate of M aine refunds teIs eSd3Ct0 0o nn In Sn ‘n vvne,? A? Kl A | a b a mb oa mGl 3r e. at at sSc os uat nh de r mn aRinRt .;e n ar ne cn et a. l gSuTaOr aCnK­
0 ,
ta a e 3 levied. For organization see V. 00. p. 855. Owns entire
sln °k o 'an < l leases tor 999 years N orthern M aine Seaport R R ., which In MM . a4 s. , d u e 1i n9 4? o? . e.dr e dVye e mA ,t aa bt apma ra; Gc or ue pa t, pS aoid, RJ ay u. . T1 h9 0e 1r e t oa rJea na ls. 1o 9 15 12 4I ,0n c0lu0 s 2ivned.
N o v .1905 opened extension from La Grange, M e., to Searsport, on Penob­
scot Bay. 54 miles. V. 81. p. 1549; V. 84. p. 693.
.. .. y n f 'X i 1 H E R E D E L A W A R E R R .— O w n s f ro m T r e n t o n , N . J „ t o M a : N 'r J "
m ile s ; F ic m ln g to n R R . , & c „ 14 m ile s ; t o t a l o p e r s lo n s ° CV '8 4 52p981549° 83 Inoreased ln 1 9 1 0 bY $494,200, to build exten- JS ta nn !f a s8Ri TST ?x tn'rAh
« C°
C o m p a n ie s , a n d t r a n s f e r r e d t o P e n n s y l1 2

v a n l a R R . M a r c h 7 11876.
876.
L

D I V I D E N D S .— 1 K % s e m i - a n n u a l l y J a n . 1 9 0 4 t o J a n . 1 9 0 5 , b o t h In e lu s iv e ; J u l y 1 9 0 0 t o J a n . 1 9 1 1 , 4 % y e a r l y .
n O N D S .- P I s c a t. D lv . 5 s, see V . 0 7 , p . 1159; V . 0 8 . p . 8 4 , 3 2 9 . O f th e
«r e *i'
^
5 1 2 ,5 0 0 ,0 0 0 w e re r e s e r v e d t o p a y o ff t h e o u t s t a n d i n g
D o n a s , I n c lu d in g th o s e o f c o n tr o lle d r o a d s , c a r t r u s t s a n d p r e f . s t o c k . a n d to
a c q u i r e d s u c h c o n tr o lle d r o a d s ; $ 3 ,0 0 0 ,0 0 0 f o r I m p r o v e m e n ts o v e r a s e r ie s
o f y e a r s a m l $ 4 , 5 0 0 ,0 0 0 f o r e x te n s io n s a t $ 2 5 ,0 0 0 p e r m ile , I n c lu d in g e q u ip ­
m e n t . V . 7 3 , p . 2 8 6 , 8 9 6 ; V . 7 4 , p . 9 3 . T h e N o r t h e r n M a in e S e a p o r t
b o n d s , o f w h ic h $ 4 ,6 8 8 ,0 0 0 I s s u e d ( $ o ,0 0 0 ,0 0 0 a u t h . ) , a r e g u a r a n t e e d . V .
81* P*
Y / 8 2 * P* 3 ^ 2 ; V . 8 4 , p . 3 9 1 , 6 9 2 ; f o r m o f g u a r a n t y , V . 8 1 , p . 7 2 7 .
* o x W a s h b u r n E x t e n s i o n 1 s t M . 5 s o f 1 9 0 9 c o v e r t h e r o a d f r o m M a s a r d ls
? ? S to c k h o l m , M e ., 4 8 m . , w i th 7 - m ile s p u r , o p e r a t e d f r o m J u n e 2 0 1 9 1 0
V . 90, p. 848, 913.
T h e S t . J o h n R i v e r E x t e n s i o n 1 s t 5 s o f 1 9 0 9 ($ 1 ,8 0 0 ,0 0 0 a u t h . I s s u e ) ,
g u a r a n t e e d p r l n . & I n t . , w e re I s s u e d a t $ 3 0 ,0 0 0 p e r m ile , t h e 6 0 m ile s b e in g
c o m p le te d In N o v . 1 9 1 0 .
L A T E S T E A R N I N G S .— ( 1 9 1 0 - 1 1 _____G ro s s , $ 2 ,0 5 8 ,2 0 1 ; n e t , $ 7 0 2 ,2 5 9
8 m o s .. J u l y 1 to F e b . 2 8 .1 1 9 0 9 - 1 0 _____G ro s s , 1 ,9 1 6 ,9 4 2 ; ....................
n e t , 7 5. 4 ,8. 4 5
S u r p l u s a f t e r c h a r g e s In 8 m o s . o f 1 9 1 0 -1 1 , 5 6 9 ,0 1 9 , a g a i n s t 5 2 0 2 ,0 0 6
A N N U A L R E P O R T . — R e p o r t f o r y e a r e n d i n g J u n o 3 0 1 9 1 0 , ln V 91
p . 1 1 5 5 . s h o w e d : G r o s s . 5 3 ,1 0 3 ,2 7 2 : n e t . 5 1 ,3 7 7 ,9 8 2 ; c h a r g e s , 5 1 .0 2 6 .8 0 3 :
m*,?J.d e » s S m i * 1 , ?
I m p r o v e m e n ts a n d e q u i p m e n t , 5 1 0 1 ,9 4 9 ; b a l.
i n r p . , $ 8 5 , 0 1 8 ^ I n 1 9 0 8 -0 9 , g ro s s , 5 2 ,9 1 0 ,8 1 5 ; n e t , 5 1 ,1 2 7 ,0 4 0 . D ir e c to r s
O c t . 1 9 0 8 , V . 8 7 ,, p . 1 0 8 8 .— (V . 9 0 , p . 9 1 3 ; V . 9 1 . p . 1165.)

N Bv T 1m9 mmiles.
i,HA#’?Control
0N D ,8acquired
P0R T R by
R .—Erie
B ath.
„ to Stock,
H am m ondsport
R R .N.ln Y1908.
lioofooo!
i ^ i f ,u nk June 30 1910, gross, 545,659; net, lncl. other Income, 518 d i s ­
interest, taxes, Sea., 519.240; bal., def„ 5815.— (V. 79, p . 1954.) * °
. ? 9,REAT NORTHERN R R .— Owns T rinity, T ex., to
K ? ™ !1!0! ' 33.4.1 miles. Extension from T rinity northw est to Weldon
Chiarantv3T rust ,CrSo”e n N VY ;■ Vpr“
Sto0,C $370,000.
5100 Inshares
m ortgage trustee.
V. 90, p. In235.
Aug
ii
Dvn? OCiff.m C bonds were acquired by President Carlisle. V. 9 1 .
BB artlett.
artb u , P Office,
f?5Vt’ O nalaska,
Carlisle,
A
tchison,
K
an.;
Sec.
and
T
reas.,
W
S
T ex.— (V. 90, p . 235; V. 91, p. 588.)
RO
EEK R R -—
Ma p s IV. Y . Central * Hudson River R R )__
“3
to Phl.lpsburg,
RR
? c t- 1 18 9 0 leascd t0 th e N. Y . Cent. Sc H ud R iver
1899 opera 9tedydtrcctlV ai»rest ? n .'!?nlA3 and 4% on s t 0 °lt ' and since M ay 1
CarrI^s 5mo3tW 9 oalIan(rccfke?r t Scetguaranty 'v nj ^ d t7 1 57n1’ * 6§ ' p i 8?2'
^ .^ 6 ^ ep .V570.—dV.^75^,kp :ei3 9^)S ^ aranty'oYprtocFpai7w id interest ? ' 8 See

—C
^ ^ ,^ E26.76
Keatli^,^52
m "'^ 6tou r^Arc^ oad'curwensvlil^ 15*77^
H arml^on^ ^toU LIrvona.
m .; Mahaffcy
15.77 m9.,
19.84 m .: to tal, 127.40 miles. In Feb i o n p ^ c h a se ’d
to Lock H aven (form er P lttsb lllnghnrnton A l t stern) .V 92 , 590 ‘

g uaranty , V. 82, p . 1267 — (V. 82, p. 1267.)

a

V* 81* p ’ 30, form of

. BELLINGHAM BAY & BRITISH COLUMBIA RR.— B e l lln e h a m t o G la f i q r« ra,
rnV?; ’ S5y Aa rWd f1t r-1a c6 k, ms a’:n d s id i n g s , O.faOH ma m.; p tt oo nt a lt ,o 6L3 y.0A3d mc n
f ­
0 0 0 , a ll o w n e d b y N e w Y o r k a n d S a n F r a n c i s c o p a r t i e s . ’ S t o c k , $ 1 ,0 0 0 ,D a y a M e J u n e 3 0 lo Y o ,’ $ 2 2 8 ,0 0 0 “ “ Year e n d i n g 'J u n e 3 0 >i o i o ° S o M n S 2 7 3 ^ § 7 ; n e t I n c o m e , $ 6 4 ,6 5 3 ; I n t e r e s t a n d t a x e s , A c ., $ 6 0 0 8 4 - b a l s u r ’
$ 4 ,5 6 9 . P r e s . . H . H . T a y l o r .— ( V . 8 1 . p . 8 4 0 .)
*
o a i.t s u r .,




7

1

7

0

0

. 1 1 4

NN ee tt eearnings
a r n in g s pp aa id
a s ren
r e n tal.
ta l.
id as

y e S ’y f S & . l ®

IS J^ b eoP S ?

w Z ^ '

” M°h ') ' 10%

B O N D S .— A ll o f th e o u ts ta n d in g b o n d s a rc secu red b y th e co n so lid a ted

£ ? n e T C'?L11LVeOsro M ' 0? ^ 7 T n ^ W d- 1 % ° f “ W K <8Sf b“
N ew

J « s e y R l f f T c a V a l t d .11% 2 2 $ ! V " I . T o i S

Y

UnUed

$54^812^ 'in te re st"1? * x e s ° '* e OSSBinui88B7 00u : n e h S2S2.605: o th e r In com e.
d W ld e n d s T lo ^ I V 5tH?5 , 3,0^ C'surpluib? 5375 ?--?(\A 9 L ^ . ° 1 7 o I ? f ' ,2 1 1 ' 742:
b o a rd N)\ lrT lu e V ,v I a ,?ie^
— 0 w n s K o llo c k s , S . C ., o n Hcao w " l l mu'es to Sen?r? n?tSX ; <:' .t.0 ^!,ro w nsvIlle, 34 m . T o b o e x te n d e d
owners^abJiiit M ?reh iw v?
S oaat L ln e - P u rch a se d b y present
v r a r im V 09 n
S to c k , 51 2 5 ,0 0 0 .
B o n d s (sin k in g fu n d 5 3,000
ta x e s 534 380 P ' | r .'s Y,carTend|mi Ju n e 30 1910, gross, 5 7 8 .0 9 0 ; n e t a lter
O ffic e . B e t n f u 's v i S ? S'. C k - Z v l ' o t ' ^ ^
and T r c a s " G c o ' Buroh1" '
B E N N IN G T O N & R U T L A N D R Y .— S e e R u tla n d R R . — ( V . 7 0 , p . 085 .)
fo r d ER R SHV R 0 1 R p ' T 54° Id ln Ju Iy 19 10 t o N ow Y o r k N e w I I a v c n * H a r t-

LAKE ER IE

R R :— L eases P ittsb u rg h B e sse m e r & L ake
E rie R R ., B essem er, near P itts b u rg h , P a ., t o C on n eau t H a r b o r , L a k e E rie,
* o . , w ith bran ch es an d spurs, a to ta l o f 212 m iles, fo r 999 v e a rs , fro m A p r. 1
? ra,^cs: t o t ? 1* 250 m iles. V . 72, p . 137. S to c k , a u t h .. $ 5 0 0 ,0 0 0 .
5? by
C o * an(I s o b y U . S. S teel C o r p o r a tio n .
G uarantY ,.°r M arqu ette * B essem er D o c k & N a v ig a tio n b o n d s, V . 7 7 , p . 1228'
V . 7 0 . p . 1358; V . 82 , p . 160.— ( V . 82 , p . 160.)
B IN G H A M C E N T R A L R Y .— ( V . 9 2 . p . 116.)
B IN G H A M & G A R F I E L D R Y .— V . 9 0 . p . 1674: V . 91 . p . 054 , 716 .
B IR M IN G H A M & A T L A N T IC R R .— T a lla d e ga t o Coal C it y A la
31
m ites bran ch es, R o g a n s t o ore beds, 9 m iles, a n d F u rn a ce t o w e isin g e rs
•3.m ile sl to ta l, 43 m iles. S t o c k , 5 1 ,0 0 0 ,0 0 0 , all c o m m o n - par o f s h a re s'
5 1 0 0 . B o n d s, 55 0 0 ,0 0 0 4 0 -y e a r 1st 6s, d u e N o v . 1 1931 / s i n on e a c h )'
In terest, p a y a b le M . & N „ ln d e fa u lt.
Y e a r e n d in g J u n e 30 1909 g r o s s '
p r e s s id !J ? v h ° “B r R i ) t W K .’ * 0 •1 $3 .0 8 8 ?d bem d h u c r e s t ,9?io't a h l!
P r e s .. S id n e y I I . M arch, S c o . Sc T r e a s ., J o h n Carlsen, 25 B r o a d S t .. N . Y .
K/l’ !
s //// /
i
.S°-r77,0 ’•vn"’ Passenger term in als a t B lrm ln gA ?ra 'ln e a 're n fra iknf
X ' !11 Il ln o ' s C en tral, S ou th ern R y ., S eab oard
S i f .r t ’ R ? '
,„„G n o r g la , S t. L ou is Sc San F ra n cisco a n d A la b a m a G reat
d W id en S s o ^ t h e ’ sW okhantl j o l n t f y ^ u a r a n t e e l t ^ b o ^ s ^ o P t h ^ b o n d s
v 9839'p 9 1227 a
are rescrv e d fo r a d d itio n a l p ro p e rtie s.
V . 8 3 . p . 1227, V . S3, p . 4 0 4 . G u aran ty, V . 9 0 , p . 8 4 8 ,— (V . 9 0 . p . 848 .)

p,E29^m?les/R

U\U s d 'a952°n Year

S tm ik 'll-5 6 0 0 ^ 0 0 $ R p a r ^ /s 5 0 .''117^66,
ch a rge s9 542 O So'?'balance3, 5 108.003: n e t. 5 4 5 ,4 2 i : o th e r ln o o m e ,’ 5 1 ,0 3 4 ;
ch a rg e s , 542 ,089 . b alan ce, surplus. 5 3 .4 0 0 .— (V . 0 6 , p . 80 , 9 5 2 .)
it B O C A & L O Y A L T O N R R .— O w n s fro m B o c a , o n C entral P a rlk o m ain
m atn H n ^ a n d ' i o ^ ? , L °fyh “ " l , 10 B e o k w lth , 40 m iles: 0 m iles a d d itio n a l
GraSd'e J u n e 3 0 ° l o i n
br,a ^ hnS3: ,to ta ' ' , 5fi " ’ lies. T h e D en ver * K io
u r 2S S .i, « ,” L n
o w n e d 5 1 % o f s to c k .
Ct>h's nron<utvLenm ',,?!®: o t
* 15- u “ nds c b v c r also R o b e r t s L u m b e r
M eroantO e T r o i t
acr,c3 o f l,ln c lands, w a te r-w o rk s, <Vo.

b S f a S ^ e . ^ l t s . ^ ^ i f i v f g l 1; ^ ? ^ ’ 59S'27U: charsC3' 580'002:
B O L I V IA R Y .— V . 8 9 . p . 1667; V . 9 0 . p . 107; V . 91, p . 7 1 6 .

A p b ., 1 9 1 1 .J




R AILW AY STO CKS A N D BONDS.

17

to e

RAILW AY STOCKS A N D BONDS.

R A IL R O A D COM P A N IE S
[For abbreviations, & c.. see notes on first page]
& L ake E rie (Concl)—S tandard equip tru s t.
Bessemer equipm ent tru st, due $ 1 1 0 ,0 0 0 yearly __
C onncaut equipm ent tru s t------------------------------------N a tio n a l equipm ent tru st due $40,000 M ay yearly B in e & G ar — 1st M g gu red 110 beg’13convJuly’ll-'1 4
B irm in gh a m B elt —See S t Louis A San Francisco
B ir m in g h a m T erm in a l — 1st M $3,000,000 gold guar._
B lo o m s b u r g & S ullivan R R — 1st M $400,000_____ FP
Second m ortgage income non-cum $200,000____FP
B o c a & L oya l ton — F irst M $675,000 gold call llO -.c*
B o o n v illc St L & S ou th R y — 1st M gold $l,000,000.c*
B o s to n & A lb a n y —Stock ($30,000,000 auth o rized)__
Bonds (not m ortgage) guaranteed prln and In t____c
Bonds (not mortgage) $5,000,000.............. ................ .
Bonds (not mtge) $2,500,000 (V 7 l,p 1218;V72,p44)
Bonds (not mtge) $4,500,000 due 1934 gu p A 1__
Bonds (not mtge) $2,000,000 guar prln A i n t _____
B o s & L o w — Stk auth ($7,399,400)
Bonds 20 years not m ortgage. . . See description
Bonds
do
do
in “ Investors*
Bonds
do
do
S upplem ent”
Bonds
do
do
of April 1895,
do
Bonds
do
p. 2 .
Bonds
do
do
BostonAM alnc
Bonds
do
do
gives a rental
Bonds
do
do
guaranty for99
Bonds
do
years.
do
Bonds
do
do
do
Bonds
do
B o s to n & Maine— Stook, com m on and sc rip ---------OB
Preferred stock 6 % non-cum ulative-------------------OB
Im provem ent bonds s f not m ortgage or subj to call.
Bonds (not m ortgage) for im provem ent A ref_.c& r
B onds (not m ortgage) gold-------------------.o A r
Bonds exchanged for F itchburg stock (V 70, p 175).
Bonds (not m ortgage), $1,000,000------------------------Bonds $2,000,000 (not m ortgage)................
Bonds (not m ortgage). 20-ycar........................................
B essem er

Miles Date
Road Bonds
1905
1907
- - - 1516
1907
29 1898
29 1898
50 1903
44 1881
392
1902
1893
1901
*08-*09
1910
1892
1893
1895
1896
’97-'08
*99- ’ 0 1
1903
1905
1906
1907
1909
1887
1892
1894
1900
1901
1903
1905

Am ount
Par
Value Outstanding

When Last Dividend Places Where Interest and
Payable and M aturity J Dividends are Payable

A A O Apr l 1925
5
Home T r Co, H obok, N J
$ 1,0 0 0 $1,060,000
1 , 10 0 ,0 0 0
5
M A S Mch 1918-1927
do
1,0 0 0
do
5
A A o Apr
300,000
do
l 1919
do
M A N May 1911-1915
2 0 0 ,0 0 0
5
do
do
o e J A J Ju ly 1 1920
500 Ac 2,500,000
1,940.000
4 g M A S Mch 1 1957
1,0 0 0
E quitable T rust Co, N Y
5
J A .1 Jan 1 1928
346,700
100 Ac
F I T A S 1) Co. Phila
5
199,600
J A J Jan 1 1928
100 Ac
Reg B loom sburgh.w h car
524,000
o e A A O Apr 1 1923
1 .0 0 0
U 8 M A T r N Y: A 8 F
400,000
F A A Aug 1 1911
1 ,0 0 0
0 K
Amer Exch B ank. N Y
10 0 25,000.000 See text
— M Mch 31 *11 2% Office, Term S ta t’n, Bost
(,
3,858.000
1,0 0 0
3 H A A o Apr l 1952
do
do
1 ,0 0 0
3,627.000
4
A A () Oct 1 1913
do
do
1 ,0 0 0 ,0 0 0
1.0 0 0
3M .1 A J Jan 1 1951
do
do
4
M A N May 1 1933-34
1 .0 0 0 11,500,000
do
do
2 .0 0 0 .0 0 0
4
M A N M ay 1 1935
10 0
7,399,400
8
J
A J
2 1911 4% A t Office, Boston
1,0 0 0
1 ,0 0 0 ,0 0 0
A A O Jan
4
do
do
Apr 1 1932
1.0 0 0
1 ,0 0 0 .0 0 0
4
F A A Feb 1 1913
do
do
1,0 0 0
500,000
4
M A S Mch l 1915
do
do
1,0 0 0
750,000
4
J
do
J
July
1
1916
do
1 ,0 0 0
414,000
4
A A O O ct 1917 A 1918
do
do
l ,000
939,000
3
Vi J A J 1919 A 1921
do
do
1,0 0 0
250,000
3 h M A N May 1 1923
do
do
1 ,0 0 0
500,000
3 y2 M A S Sept l 1925
do
do
1,0 0 0
500,000
4
M A N Nov 1 1926
do
do
1,0 0 0
325,000
4
J A J Ju ly 1 1927
do
do
1,0 0 0
350,000
A A O April 1 1929
4
do
10 0
Sec text 6 In 1910 Q—J Apr 1 1911 1 H A t Off, CausewaydoSt.,B os
100
3,149,800
M
6
A s Mch 1 1911 3%
do
do
1,0 0 0
1,919,000
F A A Feb 1 1937
4
do
do
1,000 Ac 2,500,000
F A A Aug 1 1942
do
do
l .000 6 ,0 0 0 ,0 0 0
J A J Jan 1 1944
do
do
4
H
g
1,0 0 0
5,454.000
3 g J A J Ju ly 1 1950
do
do
1,0 0 0
1 ,0 0 0 .0 0 0
do
do
3Vx M A N Nov 1 1921
1,0 0 0
2 .0 0 0 .0 0 0
3 Yi J A J Jan l 1923
do
do
1 ,0 0 0
500,000
do
do
314 F A A Feb 2 1925

B O O N V IL L E ST . L O U IS & S O U T H E R N R Y . — Boonvillo to Versailles,
M o., 44 miles. In Ju ly 1909 an extension of lease to Missouri Pacific was
arranged for 99 years from Ju ly 1 1910 a t annual rental of $25,000, taxes,
expenses, Ac.; also a new Issue of $400,000 of 99-ycar bonds bearing a
lower rate of Interest to refund the old 6 s due Aug. 1 1911. V. 89, p. 284.
Stock. $250,000; par of shares, $125.— (V. 89, p. 284.)
BO STON & A L B A N Y R R .— Owns from Boston, M ass., to A lbany, N . Y.,
200 miles; branches, 104 miles; leased lines, 8 8 miles; to tal, 392 miles.
Leased In 1900 for 99 years to the New York C entral A Hudson R iver R R .
for guaranteed rental of 8 % per annum on the $25,000,000 stock, payable
q uarterly (Mch. 30, Ac.), organization expenses, Interest on bonds, taxes,
expenses of m aintenance. Ac. The B A A . received for certain property
not included In the lease $5,500,000 In N. Y. C entral 3 H % 100-year deben­
tures. thus adding .77% per annum to 8 % guaranteed on stock. Sec lease
in V. 69, p.282: V. 09. p. 1061. 1102, 1246; V .7 0 ,p .7 4 ; V. 71. p. 645, 963.
In M arch 1911 the New Y ork New H aven A H artford arranged for track­
age rlght 3 over a part of the road. V. 92, p. 880.
BONDS.— In 1908 $7,000,000 25-year 4% bonds were sold, guaranteed,
prln. and in t., by New York C entral A H udson R iver R R . No m ortgages
oan be placed on the property w ithout jointly Including the bonds in the
lien. V. 8 6 . p. 1099, 1158, 1466. 1528: V. 8 8 . p. 99. In Ju ne 1909 issued
$4,500,000 25-year 4% bonds for additions and Im provem ents and in 1910
sold $2,000,000 25-ycar 4s. V. 8 8 . p. 1060; V. 89, p. 102; V. 89, p. 161;
V. 90. p. 1169, 1162; V. 91, p. 335, 396.
D IV ID E N D S.—Since 1900. 8 H % , viz.: 2% each in M arch and S ept.,
2 H % in Juno and 2 H % n Dec.
E A R N IN
rted to S tate R ailroad Commission by lessee:
Calendar
Opera iny
Oper. Inc. Other
Interest,
Balance,
Year—
Revenues, {after Taxes). Income. D ivs., Ac.
Deficit.
1909
$13,027,765 $2,796,287 $149,009 $3,523,130 $577,834
96,783 3,173,050 1,624,177
19 8 ..........1 11 098 074 1.452.089
— (V .'89, p. 161; V. ik). p. 1169, 1612; V. 91. p. 335, 396, 945; V.92, p.880.)
BO STON & L O W E L L R R . — R O A D .— Owns Boston to Lowell, 26 miles;
branches—Salem and Lowell, 17 miles; Lowell and Law rence, 12 miles;
others, 45 miles; Middlesex C entral, 11 miles: leases—Connecticut A Passum psic, 146 miles; N ashua A Lowell, 15 miles; Peterborough, 10 miles;
N orthern N. II., 83 miles (and subsidiary lines 90 miles); Stony Brook R R .,
15 m .; W ilton R R ., 13 m . Leases m ostly assum ed by Boston A Maine,
which in Mch. 1911 obtained auth o rity to purchase stock. V. 92, p. 1108.
Leased In 1887 for 99 years to the Boston A M aine a t 7% per annum on
stook till Jan . 1 1897 and 8 % thereafter. The stockholders voted Jan . 4
1911 to increase stock from $7,119,400 to $7,399,400, th e $280,000 new
stock being sold for additions and im provem ents. V. 91, p. 1710; V. 92,
p. 259, 593, 1031.— (V. 92. p . 59. 259, 593, 1031.)
BO STON & M A IN E R R . — ROAD.— The system w ith Its m any branch
lines covers the territory from Boston, M ass., to P ortland, Me. (two divi­
sions). Springfield, M ass., Sherbrooke, C an., R otterdam J e t. and T roy,
N . Y . . W orcester, M ass., to P ortland, M e.,, aiand’ m ost• of- New
-- —
••
H am pshire.
Lines owned.
M iles. Lines leased— {Concluded) . M iles.
o458
F itc h b u rg ..................
Boston, M ass., to P ortland, Me.,
via W estern D ivision. _............. 115 N ashua A Lowell______________ a 15
Boston to P ortland, E astern DIv. 108 W orcester N ashua A R ochester. o94
C onnecticut R iver R R __________a81
Jew ett, Me., to N orth Con­
way, N. I I --------- ------------------- 73 O th e r............ ................................... 36
10
P ortsm outh Electric R y ----------- 18 Trackage righ ts....................
P ortland , Me., to Rochester,
operated Ju ly l 1910_____ 2,290
N. H .........................................- -- 54 T otal
2d track (3d A 4th track, 10) 564
N orth Cambridge to N ortham p­
ton, M ass--------------96 Controls M aine Cent. S y ste m ._1,164
Sundry branches....... ..........................184 S t. Johnsbury A Lake Cham p. 125
Lines leased, a See this com pany. York H arbor A B each.............. 12
Boston A Lowell______________ 0469 V erm ont V alley-------------------- 24
Concord A M ontreal___________0479 Sullivan C o u n ty ......................... 26
Boston R R . Holding Co. owns 51% of stock, which cannot be transferred
w ithout permission of M assachusetts Legislature. V. 92. p. 117.
Boston A Maine guarantees $1,328,000 first 5s of S t. Johnsbury A Lake
Cham plain. Also Interest on $274,000 M anchester & Lawrence 4s. Jointly
with Maine Central guarantees $300,000 Portland S tation bonds.
In 1910 purchased $1,777,100 of the $3,099,800 W ore. N ashua A Roch.
stock, and In Mch. 1911 oilercd to purchase the m inority shares; also In Mch.
1911 acquired control of M ontpelier & Wells R iver, D arreand Barrc Branch
railroads; total. Incl. spurs, 71 miles. V. 90. p. 625: V. 92. p. 659.
In April 1911 authority was given to purchase stock of B oston A Lowell,
Concord & M ontreal. N orthern (N. II.), Lowell A A ndover, M anchester A
Law rence, C onnecticut River, Conn. & Passum psic Rivers and MassawippI
Valley; also additional Maine C entral stock. V. 92, p. 1108.
STO C K .—Stockholders voted N ov. 2 1910 to increase the com m on stock
b y $10,663,700 for im provem ents, the new stock being offered pro ra ta
a t 110, payable In full Ja n . 10 1911 or in 4 equal installm ents on Jan . 10,
April 10, Ju ly 10 and O ct. 10 1911, the proceeds to be used for equipm ent.
Im provem ents and abolition of grade crossings; com m on stock outstand­
ing O ct. 1910, $28,841,690. V. 91. p. 1095, 1253, 1384, 1253, 1628.
BONDS.— As to debentures, see Issue of April 1895.
D IV ID E N D S— / *93. *94-*98. *99.’00-*07. *08. *09. *10. -------1911.------C om m on..............._{ 8 6" y "’ly GH 7 y*ly 6 H
6 1H. IH . — , —
EA R N IN G S.— 8 m o s .J 1910-11____Gross, $29,988,209: n et. $7,157,553
Ju ly 1 to Feb. 28. 11909-10____Gross. 28,919,509: net. 8,506,797
F or 6 m os. ending Dec. 31 1910, net, $6,030,663, against $7,172,095 In
1909; other Income, $412,008; charges, $5,167,739; bal., su r., $1,274,932.




Rate
%

V o l . L X X W II

A N N UA L R E P O R T .—A nnual m eeting second W ednesday in O ct. Re­
port 1909-10 in V. 91, p. 864.
1909-10.
1908-09.
1907-08.
Passenger................... - ............ .................$15,003,066 $13,763,696 $13 .844.226
Freight ____________________________ 25,451,237 23,014,439 22,486.065
Mail, express, A c....... ......................... .. 2.902.872 2,750,563 2,660.458
T otal operating revenues
___________$39,528,698
_________ $38,990,749
$43,357,175
--------------------------N et Income (after taxes)_____________$10,732,984
$10,177,225 $9,064,135
R entals, sinking fund, A c....................... 6.098,452 5,930,265 6.642,734
Interest accrued _________________ . 1,783,910 1,859,357 1,769,905
A dditions and b e tte rm e n ts...............
198,842
41,099
80,637
Dividends on preferred stock, 6 % . . .
188,988
188,988
188,988
Dividends on com m on sto ck ______ -(6)1,679,532 (6)1,628,373 (7)1,891,633
B alance___________________
...................................... su r.$783,260 sur.$529,143rtdf$ 1409,662
a Decreased $543,206 from "conting. fund,'* leaving net def. $866,456.
O FF IC E R S.— President. C. S. Mellen; 4 th V .-P. and General A uditor,
W . J . Hobbs; T reas., H erbert E . Fisher. Office, B oston.
D irectors.— Chas. S. Mellon, Sam uel H em ingw ay, New H aven, Conn.;
J . P . M organ, New York; Lucius T u ttle, R ichard Olncy, J . M. Prendergast,
A lexander Cochrane, Amory A. Law rence, Boston; R obt. M. B urnett,
Southboro, Mass.; W alter C. Baylics, T au n to n , M ass.; Philip D exter, Bev­
erly, Mass.; Theo. N . Vail, Lyndon, V t.: A . W . Sulloway, Franklin, N. II.;
W illiam Skinner, Holyoke, Mass.; Fred. C. D um aine, Concord, Mass.;
Edw in F . Greene, W ayland, Mass.: Fred. E . R ichards, P ortland, Me.;
E dw ard P . Ricker, South P ortland, Me.; Chas. F . Linsloy, M eriden, Conn.
— (V. 91, p. 1384, 1628, 1765; V. 92. p. 460, 593, 659. 1108.)
BO STON & P R O V ID E N C E R R . —Owns Boston, M ass., to Providence,
R . I., 44 miles; branches, 20 miles. Leased 99 years April l 1888 to Old
Colony R R .; ren tal 10% yearly on stock. T he New York New H aven A
H artford on Ju ne 30 1910 owned $217,800 stock and In Mch. 1911 a bill
was pending perm itting It to acquire furth er stock and com pel the m inority
to sell their stock. V. 92. p. 724.— (V. 84, p. 1487.)
BO STON R A I L R O A D H O L D IN G C O . — Incorporated In M assachusetts
June 18 1909 under special A ct w ith power to hold securities of B oston A
M aine. The $100,000 original stock is to be held by the Incorporators or
their successors, the N. Y . N . H . A H artford owning the rem aining $3,006,­
500. Sec law, V. 8 8 , p. 1618.
Owns $21,701,600 com m on and $654,300 pref. stock of the Boston A Mo.,
or 51% of stock (Incl. $6,334,500 new stock subscribed for in Ja n . 1911), for
which It will issue $27,054,400 non-voting 4% cum . pref. stock, redeem able
at 110, guaranteed, prln. and divs., by endorsem ent by th e N. Y. N. II. A
II. R R . The B. A M. stock cannot be sold w ithout auth o rity from the
Mass. Legislature. V. 92, p. 117, 185; 259, 460: V. 90, p. 1612.
The Billard Com pany, an allied B. A M. holding com pany, In Oct. 1909
Increased Its share capital from $50,000 to $2,000,000.
Pres., Frederic C. D um aine, Concord, Mass.; V .-P ., W alter C. Baylles,
Boston; Sec., H . L. H aynes, Southboro, M ass.— (V. 92, p. 259, 460.)
BO STON R E V E R E B E A C H & LY N N R R .— Owns narrow-gauge road
from Lynn to E ast Boston, M ass., 9 miles, connecting with Boston by com ­
pany’s ferryboats; VVinthrop Division, E ast B oston to W lnthrop, 5 miles. In
Sept. 1908 $379,100 stock was acquired by E stabrook A Co. V. 87, p. 676.
The N. Y . N. II. A H artford and Boston A Me. In Nov. 1910 applied for au ­
thority to purchase the road or all or any p art of the stock or debt. V. 91,
p. 1384; V. 92. p. 462. Notes payable Ju ly 1 1910. $290,000.
D IV ID E N D S—
/ *95. *96.’97-*05. *06. *07. *08. *09. *10. 1911.
Since 1 8 9 4 ---...............% \ 4 3 2 y’ly 4 5 6 0 6 Ja n ., 3
Y r. end. June 30— Gross.
N et. Int.M a xes. D ivs. paid. B al.,sur.
1909-10. - . - ............ .$887,889 $119,948 $67,590 (6% )951,000 $1,358
1908-09___________ 863,475
121,533 09.493
(6% )51,000
40
— (V. 83, p. 270, 379; V. 84. p. 1365; V. 87. p. 676; V. 91. p. 1384.)
BO STON T E R M I N A L C O .— Owns S outhern Union D epot in B oston
opened In 1899. V. 6 8 . p. 40; V. 69. p. 591. Boston A A lbany, New E ng­
land, Boston A P rov., Old Colony* and N. Y. N. II. A H artford R R . cos.
each owns one-fifth of the $500,000 capital stock and pay as rental In m onthly
installm ents sum s sufficient to pay all expenses, charges, interest on bonds
and 4% on stock. These com panies are Jointly liable for any deficiency In
case of foreclosure. Reg. in t. payable Q -F.; coupons FA A .— (V. 87, p . 224.)
B R A Z I L R Y .— V . 90. p . 396 .

B R IN S O N R Y . —Owns S avannah, G a., to W aynesboro, 98 miles (Includ­
ing extension under construction from Mill H aven to W aynesboro, 26 miles,
practically com pleted April 1911. and to be operated shortly). Projected
to extend from Savannah to A thens, 180 miles.
STO CK.—Common, $1,000,000, all outstanding; pref., 7% cum ulative.
$500,000; outstanding. $275,000: par, $100. Of the bonds ($1,000,000
auth. Issue), the rem aining $230,000 are Issuable a t not over 85% of the cost
of extensions and im provem ents, b ut only when the net earnings after taxes,
repairs, Ac., for 6 consecutive m onths within the last 8 m onths shall have
been twice the in t. charge for a half-year, incl. the bonds applied for. V. 91,
p. 335. I’or 8 mos. ending Feb. 28 1911. gross. $116,275; net, $53,828.
Pres*. Geo- M. Brinson. Office, Springfield. G a.— (V. 8 6 , p. 720. 1158;
V. 8 8 , p. 944; V. 90, p. 1554, 1674; V. 91. p. 335.)
B R O C K VI L L E W E S T P O R T & N O R TH W E S T E R N .— Sec C anadian
N orthern
Ry.
B U F F A L O C R E E K R R . — Owns 6 miles of term inal road in Buffalo, N .Y .
Ip
leased for term of charter less one day to the Lehigh Valley and
the Erie R R ., which together own entire capital stock of $250,000. R ental
Is Interest on bonds and 7% on stock. In Feb. 1911 authority was granted
to m ake a 1st ref. m tge. to secure an authorized Issue of $5,000,000 bonds.
Of the new bonds. $1,000,000 arc Issuable to retire the old 5s. $181,000 to
discharge floating debt and $ 1 ,0 2 1 ,0 0 0 to buy 5 locomotives and for sundry
im provem ents. Details had not been arranged March 28 1911. V. 92,
p. 259, 593.— (V. 92, p. 259. 593.)

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20

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
M iles Date
F or abbreviations, A c ., see notes on fir s t page]
Road B onds
B oston & Me (Con) — B onds (not m tg e ), cu rren cy .c& r
1906
Bonds (not m o rtgage) $12.000,000............................ cA r
1909
P o rtsm o u th G reat F alls & C onw ay 1st M a ssu m e d ..
1877
B oston & P rovidence— S to ck 10% g u a r 99 yrs O ld Col
B onds, n o t m o rtg a g e _____________________________c*
88-"’93
B oston RR H old ing Co— P ref stk 4% cum red H O -.g u
B oston R evere B each & L ynn— S to c k ................................
1st M (V 05, p 68; V 83, p 379) $1,000,000 g.S B o*A r
1897
B oston T erm in al Co— F irst m ortgage c u rr____ OB.cAr
1897
B rinson R y— 1st M, $1,000,000 go ld______________pc*
1910
B ro c k v llle W estp o rt & N orth w estern — F irst m tge g K
1903
B runsw ick & W estern — See A tlantic Coast Line R R
Buffalo C r— Con (now 1st) M $1,000,000 g Int as rente*
1891
1st ref m ortgage $5,000,000 a u th .......................... n a
1911
B uffalo New York & Erie— See Erie Railroad
B uffalo R o ch ester & P ittsb u rg h — Common stock Tr
P ref stock non-cum common 6% then pro r a ta ’ ~Tr
R A P 1st M gold R ochester to Salam anca Un" c* 109 1881
R ochester & P ittsburgh con M g
U n’o*
B R A P first gen m tge ($10,000,000) g o id " '‘ U n’c* 239 1882
I

Line P A Chari 1st M gold guar .
Un c*
B R A P consol m tge S35.000.000 goldV.CeVx.c* Ar
____Q
.c‘
E quipm
ent
bonds
$500,000
gold
s
f
Scr
A
do do D
($995,000 Ser B) each gold s f.G
do do £ f 2.000,000
gold
red
105
sink
fun
do do E $2,000,000 gold red 105 sink fun dd ..
do do I* $3,000,000 gold red sinking fu n d ..
_ .. do, _ do
_
G $3,000,000 gold sinking fu n d ____G
Buffalo « Susquehanna RR—Common stock guar 4%
Preferred stock non-cum guaranteed 4 % ________ K
F irst M gold sinking fund redeem a t p ar..M e.o * A r
F irst refunding m ortgage gold (see text) _A\p.c*Ar
R eceiver’s certificates redeem able a t 101...................
Buff & Susq Ry— Recelv certs $750,000 au th red 101F lrst m ortgage $0,000,000 gold......................Us.c*A r
E quipm ent tru st bonds $44,000 due sem l-an. Usm .c
do
do Ser B (V 85, p 39) $27,000 s-a. U*sm
do
do Ser C (V 85. p 283) $45,000 s-a.PeP
do
do Ser D $15,000 sem i-annually______
Bullfrog-Goldfield RR— See Tonopah A T idew ater Ry

273 1887
10 1889
353 1907
1899
1900-1
1902
1904
1907
1909
102 1893
265 1901
1910
1910
1903
1906
1907
1907
1907

P ar
A m ount
V alue O utstanding

R ate
%

[V O L. LX XX X II.

When Last D ividend
W here Interest and
P ayable a nd M a tu rity Places
D ividends are P ayable

$ 1 ,0 0 0 Ac $ 10, 000,000
4
M A S Sept 1 1926
At O ff.Causew ay S t, Bos
1.000 Ac 11.700.000
4M A A O April 1 1929
New Y ork and B oston
500 Ac 1,000.000
4 H J A D Ju ne 1 1937
do
do
100
4.000.
000
10
Apr 1 1911 2 H B oston T erm , Room 424
1,000 2.170.000
4
J Q—J
A J Ju
ly
1
1918
do
do
See
tex
t
100
4
J A J10
100
850.000 In 1910 J A J Jan 2 1911 3% Office, or checks m ailed
1.000 Ac
850.000
J A J July 15 1927 S tate S t T ru st €o, Boston
4
H
g
1.000 Ac 14.000. 000 3 H
T ext
S tate N ational Bk, B ost
1,000
670.000
5 g M A N Feb 11 1947
1935
New York
1,000
450.000
4 g J A D May
Deo 1 1923
K nickerbocker T r Co,NY
1,000
1.000. 000 5 g J A J Jan 1 1941
U S M ort A T r Co, N Y
See te x t
100 10.500.000 See tex t
Feb 15 1911 2 H 36 W all S t, New Y ork
100 6.000.000 6 In 1910
do
F cbl5 1911 3%
do
1,000 1.300.000
6 g
do
Feb 1 1921
do
1,000 3.920.000
Dec
l
1922
do
do
1,000 4.427.000
s g
do
Sept
1
1937
do
1,000
350.000
5g
Jan 1 1939
do
do
1.000 Ac 6.189.000
A N May 1 1957
4M g
do
do
1,000
500.000
A N May 1 1919
4M g
do
do
1,000 1.995.000
A N May 1 1920-21
4Mg
do
do
1,000
1.188.000
A
N
4
M
K
do
Nov
1
1919
do
1,000
1,618,000
A N M ay 1 1922
4M g
do
do
1,000 2.485.000
4Mg
A O Apr 11927
do
do
1,000
754.000
A
O
4
g
do
Oct
1
1929
50 4,656.900
A J Jan 1 1910 2% July ’10 p ay ’t In dodefault
50 4.000. 000 44
—
M
Mch 1 1910 1% J u n e ’10
do
do
500 Ac
61,500
5g
A O Oct 1913
H arvey Fisk A Sons, N Y
1.000 Ac 9.510.000
A J Apr 1 1951
4g
Ju ly 1910 coup n ot paid
255.000
r>
A A Aug 1 1911
Atncr Exch N at Bk, N Y
511.000
6
A J July 1 1911
W m Salom on A Co, N Y
1,000 Ac 6.000.
0004M g
A N Apr 1 1953
M
ay 1910 coup n ot paid
1,000
475.000
5
A .1 Ju ly ’l l-Ju ly ’16 H arris,Forbes
A Co, N Y
1,000
324.000
5
A
O
Oct
’
l
l-A
pr
’17
do
do
1,000
585.000
5
A A Aug ’ 11 -A ug’17 K nickerbocker
T r Co,NY
1,000
195.000
5
A A A u g ’ll- A u g ’17 Penn Co for Insu
r, Ac.

BU FFA L O RO CH ESTER A PIT T SB U R G H R A IL W A Y . — (See M a p .)—
O perates from Bulfalo and R och., N. Y ., to bitum inous coal regions.
Lines owned in fee—
M iles. Truckage (Concluded)—
M iles.
Bufialo Creek, N. Y ., to M t.
Willow Grove to P ittsburgh, P a . 7 Coqa l'& C okeeCo.r0 3 g P£ 7 5 ^ 9 2 2 ! T n . T 2 0 6 ^ 2 0 9 2 °' th ° P ow hata“
100 P enn. R R .— Penn. R R . J e t. to
Jew ett, P a. --------------------Receivership.— On M ay 2 1910 H arry I. Miller was appointed receiver
Clarion J e t. to Lindsey, P a ______ 59
Shum an R un Y, P a ___________ 19 Interest
on first 4 Ms being In default. Ioreolosurc pending. V. 9 0 , p 1238*
R ochester to A shford, N . Y ..........94 O th e r______
6
In July 1910 receiver s certificates were authorized, present Issue ranking
C harlotte, N. Y ., to Lincoln P ark 10 Leased— Stock not owned—
In d ian a B ranch__________________ 63 Allegheny A W estern— a
issued
skiff
lYff: W .T 1 5 3 0. S ' 000' of wh,c,‘ 551M,0° ha(1 bo
Six branches______________
27 P unxsutaw ney to B utler, P a.,
Trackage—
Committee fo r First 4 Ms.—'W illiam Salom on, C hairm an; Geo. G. H enry,
& c....... ...................
66
E ric— M t. Jew ett to Clarion J e t . 21 Clearfield A M ahoning— a
25 Broad S t., See.; Bankers T rust Co., depositary. R eorganization plan
B altim ore A Ohio—
Clearfield to Beech Creek R R .. 26 deterred until spring of 1911. V. 90. p. 1238; V. 91. p. 1765.
B utler, P a., to N ew castle_____41 M ahoning
Valley R R ............. ....... 2
STO CK .— A uthorized, 810,000.000; Issued, 810,000.000; par, 8100.
RIbold J e t. to Allegheny C ity .. 33
BONDS.—The first 50-ycar gold 4 Ms (authorized Issue 86,000,000, all
T otal Sept. 1910 (a See separate statem en t for this com pany)................. 574 outstanding)
arc secured by a first lien on the term inal property at Bullalo
O RG A N IZA TIO N , ETC.— Successor In March 1887 to the R ochester A ?rn!feeGn?baff1the
*1 AaaoSm ln Ne" r York a t,vtc: also by deposit w ith the
P ittsb u rg h , which was foreclosed In O ct. 1885, per plan In V. 41, p. 516.
The entire capital stock ($4,000,000) of the Rochester A P ittsburgh Coal
P 1040 I t f v / n ? pC° M 3 “ V to!1p°f 2005“ “ " ' * SuS<,‘ R R ’ Co’
A Iron Co. was owned (V. 66, p. 1088) and through th a t com pany In May V E74
A R N IN G S.— 12 m os.,J 1909-10-------Gross, $2,212,436; net, $135,692
1890 control was acquired of the Jeirerson A Clearfield Coal A Iron Co. (see
Ju ly 1 to June 30. \ 1908-09-------Gross, 2,298,977; net, 339,221
th a t co. under "In du strials”) w ith $3,000,000 stock. In 1906 the stock of
th e Roch. A P itts. C. A I. Co. was transferred (subject to the lien of the gen­
abf0£ h fnnyC?:r c»<yng; Dec. 31 1910 (Incl. R R . from Ju ly t
eral m tge.) to the M ahoning Investm ent Co., having $4,200,000 authorized
«iY o™ ’. p \ g 90’, sh°wed: Gross earnings, $403,639; oper. def.
stock ,in $100 shares. In consideration of $4,125,000 stock, the latter being
1
,,ncom
$16,533;
re sur.,e’.V,8A&03;
$144,671. rents,
Combined
gross Int.
botho ncos.,
distributed Dec. 1906 pro ra ta In proportion of 25% am ong the holders of celvcr s c c its ., $13,788, bal.,
R y. com mon and pref. stocks. V. S3, p. 1468; V. 8S, p. 414. 415: report, iU s 9 !bo7?n f qni ”!
«co U in
J1?091
net Income,
$268,830,
against
$*,38,596
In
lJOJ,
rents,
$2o,869,
t.
on
receiver
s
certs.,
$19,481;
bal.,
V. 87, p. o42. f o r bonds of theso coal com panies sec mlscel. cos. Clear­ su
r., $223,479.
field A M ahoning securities are guaranteed.
R E P O R T .— For year ending June 30 1908 In V. 88, p. 448 (355 average
D IV ID E N D S.—
f ’01. ’02. ’0 3 .’04-’06. ’07. ’08. ’09. ’10. 1911.
C o m m o n ........................% \ 4 4 5 H 6 y ’ly 5 ^ 4 H 4 4 F e b .,2 H miles), showed gross revenue, $2,024,888; net over taxes, $167,370; other
The M ahoning Investm ent Co. In Aug. 1907 and Mch. 1908 also paid 2% Income, $443,329; Interest, rentals, Ac., $1,205,625; bal., def., $594,020.
d iv. on Its stock; A ug. 1908, 2% ; none since to Mch. 1911. V. 88, p. 685.
O FF IC E R S. P r e s .,--------- --------- ; Sec. and T reas . F A Lehr*
Com pare "O rganization” above. V . 85, p. 283.
Office. 962 E lllcott Square. Buffalo. N . Y .— (V. 91. p. 1765; V. 92?P. 590J
^ B O N D S .— General 5s for $5,573,000 are reserved for prior bonds, Ac.
R R .—branch
Com pany
ownsIncluding
from Sagam
ore,
^ T h c $35,000,000 50-year consols are to bear not over 4 XA % Int., $3,000,­ P a., to Wellsvllle, N . Y., w ith several
lines,
17 miles
000 were Issuable a t once, $18,145,000 to retire underlying obligations a t
or before m atu rity and th e rem aining $13,855,000 to be reserved for future Iw h ip K k n J t h n ^ 27°* In 1907 leased to Buff. A Susq. Railway
S ^’ hb nu tt renStaj
an”1?101}
stock) forOnint.Juon
of 4% who
on
requirem ents after Ju ly 1 1908 a t not over $1,500,000 yearly In 1908 or e^nitni Zsy?LcA
Is In default.
ly bonds
23 1910andH .dlvs.
I. Miller,
subsequent calendar years, or such larger am ount In any year as stockhold­
ers m ay authorize. In F eb. 1910 perm ission was given to sell $1,277,000 receiver
of
Vho^f/z™n?f°!.ntetl
receIvcr
of
the
railway,
was
also
nam
ed
as
bonds for Im provem ents during the calendar year and In A ug. 1910 to Issue receiver or the railroad com pany. V. 85. n 1266- V on n i 9 *?k
$117,000 to acquire the Silver Lake R y., Ac., m aking $6,189,000 bonds o ut­ order” of 'Touchers
are
subject
to
call
a
t
par
for*
sinking
fund
In
^ S in n in g w ith highest. V. 65, p. 234.
standing. V. 84. p. 867. 1306; V. 85. p. 39. 414; V. 86, p. 336; V. 87. p. 1009; 0 ™
V. 90, p. 371, 558; V. 91, p. 400, 588.
prtIT C«,1hW f7?ni,?rL SC«c«u,reA ^)y a flrst refunding m tge. on the entire propUy
v
C
HnSJ!l?fatOf
b l’,)S0 flrst
5s above
m entioned,
and arc
further
Eqtripment Bonds.—A sinking fund of 5% will retire series A, B A C SnI.pH
Dy aeposits or 5purchase
m oney
m ortgages
aggregating
$3,000,000
equipm ent bonds annually on M ay 1, If purchasable a t or below par; other­ securea
° n £9a
l
^nnma^
7-e(V,^° be w°rth $6,000,000; outstanding, $9,510,000.
wise to be applied to the purchase of additional equipm ent. V. 68, p. 1131; V.
73, P -61 9 , 899; V- 84, p. 748. Coupons due Ju ly 1910 unpaid.
V . 71, p.501; V .73, p .3 4 8 . Series D and E have an annual sinking fund of
Committee for h irst Refunding 4s.— Alvin W . Krech, C hairm an; Lym an
6% for purchase of bonds Sept. 1 and M ay 1, respectively, a t 105 and Int.; If Rhoades,
Nassau S t., Sec.; E quitable T rust Co., Ac., depositaries.
not purchasable, bonds m ay be draw n by lot. Series D A E m ay also be called 1489^n y l9 y15/ OVC
3 7 - ° ^ °<f.>t,le bonds had been deposited. V. 90, p. 1238,
as an entirety a t 105. Series F m ay be purchased by sinking fund a t not
over par or draw n by lot a t par and m ay also be draw n a t 102 and in t. on
Pref. Stock Committee.—j* n . W allace, C hairm an; H ugh R ankin, See., 46
any Int. day. V. 84, p. 1365; V. 85, p. 283, 414, 863. Scries G have an an­ Cedar
S t.; C entral T r. Co., N. Y ., depos. V. 90, p. 1361; V. 91, p. 214.
nual 6% sinking fund, but cannot be called. V. 89, p. 468; V. 91, p. 400.
BU FFA LO A SUSQ UEHA NN A COAL A COKE CO.— This com pany,
EA R N IN G S.— 8 m onths to Feb. 28:
the
stock
flrst m ortgage bonds of which arc owned by the B. A S . R R .,
8 M os.—
Gross.
Net.
Other Inc. Charges. B al., S ur. owns coalandlands
a t DuBols, Troutvillc, O nondaga and Sagam ore, P a.
1910-11...........$6,289,242 $2,325,697 $581,657 $1,398,873 $1,508,481 Tweive mines In operation. V. 77, p. 1301; V. 79, p. 2091-92; V. 82, p.
1900-10--------- 6,016,269 3,239,708 612,193 1,339,537 l,287i978 1322; V. 85, p. 1266. Of the 2d M. bonds, $2,200,000 and $200,000 on
outstanding In the hands or the public.
ANN UA L R E P O R T .— Fiscal year ends June 30. The annual m eeting Dec. 1 1910os*were
ending Jan . 31 1910 (V. 92, p. 590), gross, Coal A Coke Co.,
Is held a t New York on the third M onday In N ovem ber. The report for $952,568,m ag8t.
$820,453: net, after taxes, $168,761. agst. $17,799; other
1909-10 was given at length in V. 91, p. 392, 400. In 1909-10 carried Inc., $22,976; Int.,
sink, fund and depreo., $166,166; bal., su r., $25,570.
6,526,087 tons of bitum inous coal (out of 10,170,483 to tal tons of freight
POW HA TA N COAL A COKE CO.—Tills com pany, all of whoso bonds
m oved), against 5,186,043 In 1908-09.
and
stock
are
owned
by the B. A S. R R ., owns coal lands a t Tyler ami a t
Year ending Jun e 30—
1909-10.
1908-09.
1907-08. Sykes. Its coking plants,
w ith capacity of 800 tons of coke dally, ore
O perating revenue................................... $8,936,117 $7,171,897 $7,484,028 shipping
to
Buffalo
for
use of Rogers-Brown Iron Co.
O perating expenses and taxes............. 6,094,355 4,798,805 5,522,679
EA R N IN G S.— For 6 mos. end. Dec. 31 1910, gross, R R ., $791,349; n et,
r taxes, $15o,735; other income, $7,036; hire of equipm ent and ren ts,
O perating Incom e.
$2,841,762 $2,373,092 $1,961,349 $78,270;
on receiver’s certs., $5,692; bal., sur., $78,808. V. 92, p.590.
N
et
(Including
other
incom
e)_______
$3,394,143
$2,787,451
$2,809,905
(»
• “2, Int.
p. 117.)
R en tals___________
677,081
647,595
641,067
Interest on bonds. Ac_
1,189,689
1,103,664
1,126,415
"B U R LIN G TO N ."—See CHICAGO BU R LIN G TO N & QUINCY R R .
M iscellaneous_______________________
12.696
13,203
12,484
New equipm ent............
Z
125.000
tn
T nR .vnH nP-R
Y [5R0
W NDEL
& CHESTER
R V.—1907:
Ownsextension
from Rooklaml
E quipm ent b o n d s retired I ___ IZ Z IZ Z
190.000
Tox.,
II miles,
opened
about M arch
under
D ividend on preferred stock (6 % )__
360.000
360,000 to Turpentine,
360,000
°im Turpentine
19 miles.
lineFaserry,
projected
D ividend on com mon stock
(4)420.000 (4)420,000 (5)525,000 ?<mStr’J,
will i unot»otl
fromtrrChester,
In Tylerto CBrowndel,
ounty. T ex.,
east to The
B urr’s
abo u t
,n '" ?? nno t0 tlm b?,r forests In the direction of A lexandria, L a. Stock
B alance, surplus__________________ $419,677
$249,939 $137,989 ■a2rr,v];Vr,Ui
,r0S . PrL,V ’
outstanding. 511,000. Bonds (Com monwealth
e,)„a,r„c U nited to S30.000 per mile. The Texas
O FF IC E R S.— Pres., W m . T . Noonan; V .-P., A drian Iselin J r. and n RmnesVn o ne^tinn N°trus,t£
approved
theY ear
Issue
of 5105.000
W . Em len Roosevelt, N. Y.; T reas., J . F . D inkey, Rochester; Sec. and 11 miles In operation, vv . 85, 1007
p. 1401,
10 4 .S
ending
Juno 30 bonds
1010 on
11
A sst. T reas., E rnest Iselin, N . Y.
D irectors— H enry G. B arbcy, A. Iselin J r., W m . E . Iselin, A . L anfear - ( V s: s T p 3: U O i t m s T ’ ’OSO• P res., Jo hn H . K irb y : Houston® T ex.
N orrlo, W alter G. O akm an, C. O’D. Iselin, W . T . Noonan, George Em len
Roosevelt, W . Em len Roosevelt, E rnest Iselin, Oscar Grlsch, Sam uel WoolCAIRO & TH EBES RY.— Owns Cairo. 1 1 1 ., to the bridge across the
verton and H arry Y ates. N . Y . office, 36 Wall S t.— (V. 92, p . 259.)
!SJf.sA?pl r^ v er a t Thebes. 111., 25 miles. Leased to S t. Louis Iro n M tn.
^
n
.iih Krn
? y * f£r
99 y£ars from 1911. rental covering Interest on $2,000,­
► JBUFFALO & SU SQ U EH A N N A R Y . —C om pany owns from Wcllsvlllo, 000°y4%
bonds.
Pres.,
E . A. Sm ith, Cairo, III.— (V. 92, p. o25.)
N . Y., to Buffalo, 8 6 miles, and leases the Buffalo A Susquehanna IIR . for
999 years from Ju ly l 1907 for Interest on bonds and guaranteed dividends
CALGARY & EDMONTON RY .— Owns Calgary. C anada, to E dm onton,
of 4% yearly on the capital stock. Bv this lease and its ownership of the C anada
191
miles,
and
to F ort McLeod. Canada, 104 miles.
entire com mon stock of the B. A S. R R ., the com pany controls road ex­ « Iin«o992rf?dlna1c^ J? Caundian
entire
$1,000,000
stock
tending from W ellsvllle, N . Y ., to Sagam ore, P a., about 60 miles north of and $3,700,000 1st M. 4% bonds)Pacific
for 99(which
years,owns
the 6%
bonds
(£1,121,700)
P ittsb u rg h , which, w ith Its several branches, has a total m ileage of about being exchanged for an equal am ount
of debenture stock, on which Interest
270 miles. Total m ileage owned and leased, 362.
a t 4 % . A t the term ination of the lease the principal of the
The plants of the Buff. A Susq. Coal A Coke Co. and of the Pow hatan Is guaranteed
will be paid a t p ar or a further lease entered Into. V . 76, p. 434;
Coal A Coke Co. (V. 75. p . 922; V. 79, p. 2061, 2091-92) arc located on the Vbonds
. 77, p. 1224. Sec V. 80, p. 116.



FOX
PR IN CE A L B E R T N | §

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31A P O F T H E

L A N A D IA Y N O R T H E R N
R A IL W A Y
A N D C O N N E C T IO N S
, , ,

SCALE OF m iE S

,

,

22

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
\For abbreviations, ifee., see notes on first page]

Miles Date
Par
A m ount
Rate
When Last Dividend
Road Bonds Value Outstanding
Payable and M aturity
ock Isl and A Pacific R y.
n A Q ulncy.
B u rr's F erry B row ndel & C h ester — F irst M gold._xc
1907
$ 1,0 0 0 $165,000
<> ff A A O Apr 1 1937
C airo & T hebes R y — F irst m ortgage.................- ...........
4
2 ,0 0 0 .0 0 0
California Pacific—See Southern Pacific R R .
Cal VV RR & N— 1st M $600,000 gold guar s f (text) _c
J A J Jan 1 1915
600,000
6 g
39 1910
1 ,0 0 0
C am b ria & C learfield— 1st M ($2,000,000) g ___ (iP.c
5 g J A J Jan 1 1941
1,279,000
103 1891
1.0 0 0
Bell’s Gap consol M sink fund not d raw n __ GuP.c
145,000
A A O Apr 2 1913
6
30
1882
500
Ac
Clearfield A Jefferson first m ortgage-----------GuP.c*
1 ,0 0 0 ,0 0 0
6
J A J Jan 1 1927
46 1886
P ennsylvania A N W gen M $2,500,000____G uP.c
1 , 0 2 1 ,0 0 0
J A J Jan 1 1930
5
76
1890
1.0 0 0
C am bria A Clearfield general m ortgage gold_______ 392 1905
4 g F A A Feb 1 1955
1,255,000
1,0 0 0
C am den & B u rlin gton C o u n ty —Stock 6% guaranteed
J A J Jan 1911 3°;,
381,925
6
30
25
F irst M g gu p & l by Un N J R R A Can Co. .G P.c*
350.000
4 g F A A Feb l 1927
1897
1,0 0 0
30
C an ad a A tla n tic —Consol (now 1st) m tgc g gu p A l__ 396 1905 $ or £ 14,384,644
4 g .1 A J Jan 1 1955
Pem b S outh 1st M guar (V 82, p 451, 1101)_____ .
M A S Sept 1 1956
150,000
4
1906
C entral Counties 1st M Int rental (V 90, p 1169)___
M A S 14 1949
£97,500
4
£10 0
37 1909
C a n a d a S o u th e rn —Stock
$ 1 0 0 $15,000,000 Sec text F A A Feb l 1911 IK
457
F irst m tge extended In 1908 (Canadian money)
J A J Jan l 1913
l
,0 0 0 14,000,000
404
1878
0 B
Second m tge for $6,000,000 (Can m oney)_____c&r 404 1883 1,000 Ac 6 ,0 0 0 ,0 0 0
M A S Mch l 1913
5
L eam ington A S t Clair 1st M g gu p & f (end)
130.000
1.0 0 0
4 g A A O O ct l 1945
16 1895
1-’ A A Aug 1 1926
C a n a d ia n Nor—L M an R y A Can Co $8,000 p ml G uar­
£10 0 I
4
125
1896
C anadian N orthern Division $8,000 per mile anteed 177 1899
£10 0 >
See
4
F A A Feb 1 1929
M anitoba A S E (assumed $8,000 per m ile). by
£ 1 0 0 1 tex t.
V A A Feb 1 1929
1899
4
108
G ilbert Plains Branch $8,000 per m ile____ M ani­
£10 0
M A N Nov l 1930
1900
4
27
O ntario Dlv 1st M deb £36,200 are 4 lA s ....... toba
£ 1 0 0 £1,180,600 1 A 4 M K J A D30 Ju ne 30 1930
287 1901
1st con deb M (Man lines) $10,000 p m c& r. G ovt.
1904
£ 1 0 0 £2.497.800
4
J A D30 Ju ne 30 1930
$500 $349,000
M anitoba Provincial bonds $8,000 per m ile. _ . . .
4
Oct 1 1930
£ 1 0 0 £6,792,750
Perpetual consol debenture stock (V 81, p 1609)..
4
•J A D30 Irredeem able
1903
First M deb stk $13,000 p m guar by C anadian Govt
£1,923,287
3
M 31-S30 July 10 1953
1908
1st M stock $13,000 p m guar by Dom of C a n a d a ..
1,622,586
J 20-J 20 July 20 1958
1909
r Irst m tge deben stock g uaranteed by Saskatchew an
£1.250,000
4
J A I) 1939
1909
do
do
guaranteed by A lb erta_____
£747,045
4
A 1 ) 1939
J
$ A £ $3,000,000
W innipeg Term inals m tge gold guar by M anitoba.c* _ 1909
A
4
g
J
ly l 1939
Convertible Income-charge deb stock redeem t e x t.. _ __ _____ £3,086,419 Up to 5 M A N 2•J Ju
May 6 1930
Q u’Ap Long Lake & Sask 1st M £1,050,000 g u a r.. 249 1906
£ 1.037,972
J
A
J
Ju
ly
1 1936
4
g
Quebec A Lake S t John deb stock g u a r__________ 286 Yt 1911
See text
4
J A J P er pc ual
Can Nor A lberta Ry 1st M deb stk guar by Can Govt
647,260
1st land g ran t M red 110 (m oney depos to redeem)
1899
£ 1 0 0 $ 2 , 0 0 0 ,0 0 0
“a Feb 1 1919
4g F
do
do
£1,027,400 red 105 to Ju ly '17
1907 £100 Ac $4,771.279
4
J A J Ju ly 1 1938

J

C A L I F O R N I A -W E S T E R N R R . & N A V IG A T IO N C O — Owns F t. Bragg,
Cal., to Shake C ity, 38.66 m . Extension Shake City to W lllits, 12 m ., under
construction In April 1911. Stock a u th ., $1,000,000; par, $100. Divi­
dends paid year 1909-10, 6 %; 1908-09, 2
. Mortgage covers also term i­
nals and railroad w harf. Bonds arc g uar., p. A l., by Union Lum ber Co.,
and redeem able a t par on any ln t. day since Ju ly 1 1910. Sinking fund
$5,000 yearly beginning 1911. V. 90, p. 625. Y ear ending June 30 1910.
R R ., gross, $155,573; net, $29,832; other income, $47,284; taxes, $2,272bom l Int., $5,630; dlvs. (6 % ), $60,000; bal., su r., $6,093.— (V. 90, p . 625.)
(T H E ) C A M B R IA & C L E A R F I E L D R Y . —Crcsson Jet. to near Glen
Cam pbell Branch J e t., 50 m .; Bellwood to Fordham , 65 m.- Cresson to
Irv o n a, 27 m .; K aylor to Black Lick, 37 m .; Vail to G ram plon, 49 m.B radley Jo t. to Cherry Tree, 18 m .; branches, 153 m .; total, 399 m A
consolidation Aug. 1 1903. V. 78, p. 828. Stock, $4,833,850, all of which
Is owned by Penn. R R . Co., which operates road under lease. A full ab­
stra c t of m tge. securing 5s of 1891 was In V. 52. p. 976. Of the bonds,
$501,000 first 5s were on Ja n . 1 1911 owned by the P enn. R R . For year
ending Dec. 31 1910, gross, $3,007,149; net, $313,850; other Income, $30,­
172; in t., taxes. Ac., $361,011; bal.. su r., $17,349.— (V. 77, p. 298.)
C A M D E N & B U R L IN G T O N C O U N T Y R R .— Owns from Pavonla, N . J.*
to Pem berton, N. J ., 23.35 miles; branch. B urlington, N. J ., to M ount
H olly, 7.12 m .; connection w ith P . A L . B. R R . a t Birm ingham , N. J .,
0.39 m .; to tal, 29.86 m . O perated under lease by Penn. R R ., which guar­
antees 6 % on stock. Stock, $381,925; par, $25. In 1910, gross, $372,122;
oper. def., $36,246; loss to lessee under ren tal, $73,661.— (V. 64, p. 373.)
C A N A D A A T L A N T IC R Y . — Owns D epot H arbor, O nt., on Georgian
B ay, via O ttaw a, to Alburg Je t., 399.57 m .; trackage to Sw anton, V t..
Ac., 6 .6 6 m .; leases for 99 years Central Counties R y., Glen R obertson to
H aw kesbury, 22.24 m ., and South Indian to R ockland, 16.25 m .; owns
greater p art of stock of Pem broke Southern R y. branch from Pem broke to
Golden Lake. 21.36 m . (V. 82, p. 451, 1101): to tal, 466.08 m . The Grand
T runk acquired the road and took it over O ct. 1 1905. V. 81, p. 1174.
C anada A tlantic T ransit Co., $1,000,000 stock, operates steam ers, D epot
H arbor to D uluth, Milwaukee and Chicago. V. 69, p. 954; V. 70. p. 279.
T he 50-year 4s of 1905 (authorized Issue, $16,000,000; Royal T ru st Co.,
M ontreal, trustee) are guaranteed, prin. and Int., by the G rand T runk; the
unissued bonds are reserved for future requirem ents. V. 79, p. 967, 1131,
1641, 2454; V. 80, p. 1058. 1727, 2343; V. 87, p. 1477.
STO CK.—$6,199,100 com m on and $1,000,000 preferred, all Issued.
R E P O R T .— In 1908-09, gross, $1,820,959; net, $117,595; other Income,
$70,908; in t. on bonds, $599,646; b al.. def., $411,143.— (V. 90, p. 1169.)
C A N A D A M IC H IG A N & C H IC A G O .— Bonds w orthless.— (V. 63, p. 838.)
C A N A D A S O U T H E R N R Y . — (See M aps N . Y . Cent.
H ud. R iv. R R .)—
R O A D .— Main line from Suspension Bridge station. Including the Cantilever
Bridge, to W indsor, O nt., 226 m .; branches to C ourtrlght, O nt., Ac., 231 m.;
to tal, 457 m .; of which 85 miles are nom inally owned by proprietary com ­
panies. T rackage, S t. Thom as to London, O nt., 15 in. Double track, 152 m .
D etroit R iver Tunnel, com pleted In 1910, see M ichigan Central R R .
O RG A N IZA TIO N , ETC.—The com pany was chartered In Canada
Feb. 28 1868 and debt readjusted In 1878. In 1903 m ade a new lease to
Mich. Cent, for 999 years, the latter, which owns $7,810,000 stock, guaran­
teeing dlvs. thereon a t 2
yearly to Jan . 1 1910, thereafter 3% ; also au­
thorizing a m tge. to retire existing bonds and pay for Im provem ents. V. 76,
p. 1191, 1247; V. 77. p.950; V. 84. p .8 0 3 . T he $14,000,000 1st 5s m aturing
Ja n . 1 1908 were extended 5 years; 6 % Int. payable in gold by the Mich.
C ent. R R . V. 85. p. 1401, 1645; V. 8 6 . p . 1041.— (V. 8 6 . p. 1041.)
C A N A D IA N N O R T H E R N R Y . — (See M a p .)— O perates from P ort Ar­
thur, O nt., on Lake Superior, to W innipeg, and under construction through
N orthw estern C anada to Pacific Coast. Present mileage:
P ort A rth u r to W innipeg............ 439 Saskatoon“ to• K lndcrslcy............
127
70
W innipeg to K am sack________ 279 -Neepawa Jo
t. to McCreary Jct_
.
Stanley J e t. to G unflint.............. 67 K am sack to E dm onton_______ 548
Em erson J e t. to So. J e t ............... 73 Slfton J e t. to W innepegosls____ 21
C arm an J e t. t B elm ont______ 119 T hundcrhill J e t. to end of S teel. 41
Portage J e t. to Inter. Boundary 63 O akland to T otogan..... ................ 17
Morris to S om erset....................... 62 B attleford to B attlcford J e t__
8
H artney J e t. to B randon______ 40 Edm onton to M orinville______ 23
Belm ont to V lrd en ...................
91 Edm onton to Stoney Plains
G ilbert Pis. J e t. to Prince A lbert 361 Green way to A delpha________ 52
Rossburn Jet. to R ussell______ 104 Oak P oint Jet. to Oak P oint
A rizona J e t. to Morris and B ran­
W innipeg Transfer L in e .............. 11
don J e t__ _
77
innipeg to W est of D u n d ee ..
9
B randon Jet. to Car berry J e t " 23 W
28
D alm eny to L aird________
B randon to Regina
220 Saskatoon
to
K
lndcrslcy............
127
D elta J e t. to D elta
15 Qu’Appelle Long L ake A Sas­
W lnnpeg to W est of Dundee
1
D alm eny to L a ird ..
28 katchew an (lea sed )________ 256
T otal Ju ne 30 1910 (Including about 710 miles leased)..........................3,325
Bxtcnslons from Russell, M an., to Caldcr, 41 miles; Prince A lbert, Sask.,
to Shcllbrook, 28 m ., and Ochre R iver, M an., to S t. Rose, 11 m ., were
opened N ov. 1910. There were under construction Dec. 1910 76 miles in
M anitoba, 283 In Saskatchew an and 221 in A lberta.
In M arch 1911 it was expected to com plete the road w esterly to the Pacific
Ocean during the fall of 1914, m ore than 600 miles to be constructed In the
w esterly provinces alone In 1911. V. 92, p. 794.
As to proposed extension through British Columbia, sec separate state­
m ent "C anadian N orthern Pacific R y .” on next page.
In May 1910 acquired Saskatchew an M idland R y., V. 90, p. 976; V. 91,
P- 336. The C anadian N orthern Steam ships, L td ., Incorporated In Oct.
1909, operate on the A tlantic Ocean between Quebec and M ontreal and
B ristol, Eng. V. 90, p. 697; V. 91, p. 1322.
o*PRSAN
IZATION_’The M anitoba lines of the N orthern Pacific R y..
3iULm,Ic.& are sublet from the Provincial G ovt, for 999 years from Mav 30
1 0 0 1 a t $ 2 1 0 ,0 0 0 annually for th e first 10 years, then $225,000 for 1 0 years,
then $275,000 for 10 years, and thereafter $300,000, with option of purchase




| V O L . LX X X X II.
Places Where Interest and
Dividends are Payable
Com m onwealth TrC o.StL
Anglo-Cal T r Co, San F r
Broad S t S tation, Phlla
do
do
do
do
do
do
do
do
do
do
do
do
Br S t S ta. Phlla, A Lond
Bank of M ontreal, Lond
G rand Cent S tatio n, N Y
Union T ru st Co, N Y
do
do
A gts Bk of M ontreal, N Y
Can Bk of C om ,N Y;A Lon
London and T oronto
London, Toronto A N Y
Can Bank of Comm, T or
London, E nglaud
do
London and Toronto
London
do
London, T oronto A N V’
2 ^ % pMd Nov 2 1910
Can Bank of Comm. Lon
London and Toronto
N at T r Co, T or or Lond
London, E ngland

for $7,000,000. M anitoba G ovt, has option to purchase entire property in
1929. V. 72, p. 437: V. 73. p. 615. C anadian N orthern R y. System
Term inals Incorporated S ept. 1907 w ith $2,000,000 stock. V. 85, p. 863.
A LL IE D COM PA N IES.—The allied C anadian N orthern O ntarlo and the
Canadian N orthern Quebec railw ays will aHord access to To ronto, O ttaw a,
M ontreal, Quebec, A c.,and the Canadian N orthern P ac. to th e Pacific Coast.
The holders of the Quebec A Lake S t. John R y. prior lien 1st M. and In­
come bonds (£500,000, £442,400 a n d £640,400 respectively), on M ch. 17
1911 approved the agreem ent to exchange the sam e for new 4%
debenture stock, carrying Interest from Jan u a ry 1 1911 and guaranteed,
p. A I., by Canadian N orthern R y. Road extends from Quebec to R obcrval
on Lake S t. Jo hn , 190 m ., w ith branches Cham bord to Chlcoutlni, 51 m ., and
from La T uque J e t. to La T uque, 40 m .; Gosford branch, 5 Mi m .; to tal,
2 8 6 m. P resent Issue, about $6,600,000. V. 90, p . 54, 111, 237, 448,
6 6 8 , 1045; V. 91, p. 337, 519, 791; V. 92. p. 1031.
In Dec. 1908 the stock of the D uluth R ainy Lake A W innipeg R y., ex­
tending from Virginia, M inn., n o rth to International Falls, 98 m ., was
ac.fAui rc<1 by the sam e interests as control the Canadian N orthern R y., and
will be extended to D uluth, 75 m iles. In connection with the acquisition
of the above com pany, there has been organized the D uluth W innipeg A
I acific R y., which controls the D uluth R ainy Lake A W innipeg and will con­
stru ct the extension from V irginia, M inn., to D uluth, about 75 m ., and
build branches and spurs, Ac., for Industrial and m ining purposes; also docks
a t D uluth, where valuable sites for term inals have already been secured.
V. 87, p. 1604; V. 8 8 , p. 563, 821: V. 91, p. 1322. The Canadian N orthern
will guarantee, prin. and in t., the $10,500,000 1st M. 4s, of which $6,123,333
has been Issued. See said com pany. V. 89, p. 1279; V. 90, p. 1424.
The Qu’Appelle Long Lake A Saskatchew an R R . A S. B. Co. 4% deben­
tu re stock has prin. and ln t. guaranteed by th e C anadian N orthern R y. Co.
The property Is leased. V. 83. p. 214, 324, 6 8 8 , 1036.
In 1911 organized the C anadian N orthern Branch Lines Co., to build
branch lines. See V. 91, p. 1511; V. 92. p . 321.
—Stock a u th ., $65,000,000; outstanding Ju ne 30
1910, $55,000,000; par, $100. None y et p u t on the m arket.
D EB E N T U R E STOCK.—Tile £2,497,800 4% first m tge. consolidated
debenture bonds, prin. and Int. guaranteed by G ovt, of M anitoba, d ated
Ju ne 30 1904. are secured by first m tge. to N ational T rust Co., L td., To­
ronto, O ntario (not exceeding $10,000 per mile), covering certain lines in
the Province of M anitoba am ounting to about 1,185 miles, a proportion of
the am ount of this Issue being held In tru st by the N ational T ru st Co., L td .,
for the exchange of the following issues yet outstanding: (a)£105,300 M ani­
toba A Southeastern 4% first lien on 108 miles, assum ed; (b) £233.700 Cana­
dian N orthern R y., Slfton branch, 4% bonds secured on 197 miles Slfton
Junction to Erwood, guaranteed, prin. and Int., by M anitoba G overnm ent:
(c) £10,000 Lake M anitoba R y. A Canal Co. 4% bonds first Hen on 125 miles
Gladstone to W lnnlpcgosis, guar, as to prin. and Int. by the M anitoba G ovt.;
(d) £1,700 G ilbert Plains 4% bonds, a lien on 27 miles D auphin to G rand
View, guaranteed by M anitoba Gov’t. V. 80, p. 116; V. 78. p. 1274;. V. 79,
p. 2794; V. 81, p. 1607: V. 82, p. 568.
In 1903-10 £6,792,750 4% perpetual consolidated debenture stock was
Issued upon mileage, and to purchase securities of various controlled prop­
erties deposited w ith the N ational T rust Co. V. 76, p. 1247; V. 77, p. 87;
V. 80, p. 996; V. 81, p. 1609; V. 8 6 . p. 1099; V. 87. p. 36; V. 89. p. 1279;
V. 90, p. 770, 1424, 1489.
The £1,923,287 3% 1st M. debenture stock, guaranteed by Dominion
Government, dated Ju ly 29 1903 (trustees, B ritish Em pire T rust Co., L td .,
London, E ngland, and N ational T rust Co., L td., Toronto) Is a 1st charge
on line from G rand View to Edm onton, 620 miles, a t $13,000 per mile,
such first charge to be, however, lim ited to $10,000 per mile In respect of the
line from G rand View to the w estern boundary of M anitoba. A dditionally
secured by first lien on the extension of the Prince A lbert branch to Prince
A lbert from a point 100 miles cast; by second lien on the portion of the
Prince A lbert branch running from Erwood to a point 100 miles from Prince
A lbert, and by charge on other lines then constructed—an aggregate of
918 miles. V. 80, p. 1234; V. 76. p. 1299.
In May 1910 the Canadian G ovt, agreed to guarantee Canadian N orthern
A lberta R y. 3
bonds for the construction of a line from E dm onton west
to the coal areas near the Brazcau River, Ac., 150 miles, a t the rato of
$13,000 per mile for the first 50 miles and $25,000 for the rem aining 100
miles, Canadian N orthern R y. guaranteeing paym ent to G overnm ent.
V. 90, p. 1295; V. 92, p. 794, 880.
The Saskatchew an G overnm ent late In 1909 agreed to guarantee bonds on
three new lines to be built in 1910. V. 89, p. 3595. 1480.
In July 1908 the Dominion G overnm ent agreed to guarantee prin. and
,n tv.2£3 ^ % 50-year bonds or debentures to bo issued a t $13,000 per mile
on 609 miles of branches in M anitoba and Saskatchew an. V. 8 8 , p. 346,
821; V. 87, p. 1159: V. 91, p. 37, 93; V. 92, p. 794, 880.
In June 1909 £600,000 4% first m tge. debenture stock, prin. and Int.
guaranteed by the G ovt, of the Province of Saskatchew an and £600,000.
prin. and Int. guaranteed by the Gov’t of the Province of A lberta, were
pjrerca In London, secured by separate deeds of tru st, the am ounts now
*pcfIssue
m H°'additional
w ith the stock
righ t orreserved
to increase
the
am ount to $15,000 and^9 to
bonds secured
by said
deeds for additional lines. V. 89. p. 40; V. 8 8 , p. 1497, 1619; V. 91, p. 1322.
LNCOME-CILVRGE D E B E N T U R E STO CK.—The 5% income-charge
convertible debenture stock, limited to £3,086,419, or $15,000,000, a t $ 1 0 ,­
000 per m .(all issued), Is redeem able a t any tim e after M ay 1 1920 and Is oonvertlblc on Jan . 1 1916 or any subsequent Ja n . I or Ju ly 1 until Ja n . 1 1919.
a t the holders option, into full-paid com mon shares a t the rato of $500
(or £102 17s.) of deb. stock for $500 capital stock, on 60 days’ notice. The
interest will be payable May 2 and Nov. 2 only to the exten t th a t the net
earnings are sufficient after paying fixed charges, and will be declared
April 10 and O ct. 10 out of earnings of the half-years ending Ju ne 30 and
Vlc ‘ssuc will be secured by a general charge on the property
(other than land and money subsidies) ranking behind the 4 % consol, debt,
stock and all securities now or hereafter created, having priority over the
4% consol, stock, and also behind all charges now or hereafter created for
securing any securities guar, by the Dominion or any of the Provinces of
C anada. V. 90. p. 1674; V. 91. p. 1322; V. 92. p. 1031.

A b b ., i o n .)

R AILW A Y STOCKS A N D BONDS.

R A IL R OA D CO M P A N 1E S
[For abbreviations, &c., sec notes on first page]
C anadian N orthern — (Concluded)
Im perial R ollins Stock 1st M ser A halt due y early.
ser B to F $210,000 due y'ly
do
do
ser G $45,000 due y early __
do
do
ser H $4,401 due m o n th ly ..
do
do
ser K part due y early _____
do
do
do
ser L $250,000 due y early . .
do
do
p art yearly (V 85, p 500)
do
do
do
ser N& 0$200,000 yearly
do
ser P $100,000 due sem l-an.
do
do
ser Q due $27,400 q u a r .. .
do
do
do
ser R $170,000 y early ___ c
do
do
ser S $100,000 y early ___ c
do
ser T $150,000 y early ___ c
do
do
do
ser U $50,000 y early _____
do
do ser V $300,000 y’ly(V 91, P 153) .c
do
do ser A1 $ 184,000 s-a(V 92,pl031) c
E quip notes g ser 1 due $20,000 sem l-ann___ G.xc
C anadian N orthern O ntario—G uar deb stk (see text)
Perpetual consolidated debenture stock__________
Can Nor Pacific— 1st M $21,000,000 gu by B rit Colum
Can Nor Q uebec—G t Nor cons M $5,402,000 (text) Ce
Perpetual guaranteed debenture stock (see te x t) ..
C anadian Pacific—Stock $200,000,000 a u th o riz e d .. .
Preferred stock lim ited to 4% non-cum ulativc----- r
First m ortgage debentures sterling________________
F irst m ortgage on Algoma Br g _______________c*« r
Consol perpetual debenture stock...................................
Securities of Principal Leased, A c., Lines.
M anitoba S VV Col Ry $12,000 per m ile Int guar gold
A tlantic A N orthw est— 1st m ortgage gold g u . ,c*& r
S t Lawrence A O ttaw a—flrst m ortgage gold sec tex t
O ntario A Quebec stock guaranteed in perpetuity _
O ntario A Quebec deben interest guar in perpetuity
T oronto Grey A Bruce 1st M gold interest as rental
New Brunswick R y 1st M gold Int from r e n ta l.. ,c
Perpetual consol debenture stock, Interest g u a r..
New Brunswick Southern flrst m o rtg ag e............. —

M iles Date
Road Bonds

Par
A m ount
Value Outstanding

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

N Y , or T or
$1,000 $380,765
5 g M A N Nov 1 1911-’12 C Bkdoof Com,
1902
or London, Eng
$030,000
5
F A A Aug 1 1911-' 13
1903 $ or £
Toronto, or Lon
$180,000
5
M A S Sept 1 1911-’14 do
1904 $ or £
do
do
$00,020
1910-1912
London or T oronto
$575,000
4*4 e A A o O ct 1 1011-"15 X Y, do
1905 $500 Ac $1,450,000
do
n e 1 1911-’10
1900 500 Ac $343,000
4*4 e J A 1) Ju
do
do
1900 500 &c $1,400,000
4*4 e M A N Nov 1 1911-'10
do
do
4 H g J A 1) Ju n e 1 1911-’17
1907
do
do
F A A Aug ’11-Aug ’17
1907 500 Ac $1,300,000
4*4
g
Can Bank of Comm. N Y
219.000
0
M ay 1912
London and ’lo r to
1908 500 Ac $1.190.000
4 H g M A S Mch 1 1912-’18 N Y , do
do
$800,000
4 M g M A s Mch 1 1912-’19
1909 500 Ac $1,350,000
do
do
4*4 e M A s S ept 1 1911-'19
1909 500 &c
do
do
$450,000
M A N Nov 1 1911-' 19
1909
4*4
do
do
A
N
Nov
1
1911-’20
1910 500 Ac 3.000,000
4*4 M
do
do
4 *4 g I*' A A Feb ’12-Feb ’21
1911 500 Ac 3.500.000
205.000
5 g F A A To Aug 1 1915 G uaranty T r Co, N Y
1,000
1910
£1.011.080
Various 1936 and 1938 Can Bk of C om merce.Lou
208 1908
3*4
4
A A O 2 Perpetual
C Bk of Com, Tor A Lon
£800,000
1909
4
(?)
A A O O ct 1 1934
Can Bk of Com.N Y A Tor
3,505.000
4
1904
4
J A D31 Perpetual
London
£1.038.855
100 180.000.000 See tex t 3—0 A pr 1 1911 2 H Lond & 31 Pine S t. X Y
A A O Apr 1 1911 2% C om pany’s Office. Lond
100 55,016,060
4
Baring Bros A Co, Loud
1885 £100 Ac 34,998,033
5 g J A J Ju ly 1 1915
Baring Bros A Co, Lond
5 g J A J Ju ly 1 1937
183 1888 £100 &c 3,050,000
£1 Ac 136,711,616
J A J Irredeem able Com pany’s Office, Lond
1889
4
London A 31 Pine S t N Y
1.000 $2,544,000
5 g J A D Ju n e 1 1934
218 1884
Baring Bros A Co, Lond
5 g J A J Jan 1 1937
350 1887 £100 &c £1.330.000
Can P ar office, London
£200.000 (0) 4 J A D15 Sec tex t
58 1870
M ontreal and London
$100 $2,000,000
0
J A 1) Dec 1U10 3
orton, Rose, London
£1 £4,007.381
J A 1) Irredeem able Moronto
5
671
and London
£100 £719,000
4 g J A J July 26 2882 TLondon
191 1883
1 1934
£100 £630.000
174 1884
5 g F A A Aug
do
1890
£1 £904,533
44> J A J Irredeem able
Jan 1 1933
84
500,000

W IN N IPE G TER M IN A L 4s.—The 4s of 1909, of which $3,000,000 have
been sold, arc guaranteed, prin. and in t., by endorsem ent, by the Province of
M anitoba; additional bonds m ay be issued and guaranteed on authorization
of the Legislative Assembly of M anitoba for further expenditures, rhe
G rand T runk Paclflc will pay about $97,500 yearly for use of term inals to be
com pleted In 1910 (as against $120,000 annual Interest on bonds issued),
and further rentals m ay be arranged. V. 89, p . 605, 1480.
LAND GRANT BONDS.— $2,000,000 first m tge. 4% land grant bonds
are secured by 1,305,333 acres of land grant subsidies from Dom inion of
C anada. V. 85. p. 1205; V. 70. p. 1083; V. 75, p. 183, 549; V. 81. p. 203.
£1 027,400 First Mtge. 4% Land Grant Debenture B onds.—These bonds
arc secured on 1,250,000 acres of land (specially set aside as per schedule
In mtge.) in the Provinces of M anitoba and Saskatchew an, of which 239,000
acres have, since sales of the land com menced in 1907, been sold, proceeds
of which have been paid over to the trustees; £47,000 retired, as provided
In tru st deed. V. 87, p. 479, 1477; V. 88, p. 1126.
G EN ER A L FIN A N C ES.— In M arch 1911 th e com pany sold th e final
block (£358,888) of the issue of £1,022,580 1st M. 3]4 % d eb .sto ck , guaran­
teed by the Canadian G ovt., also the entire issue of £047,260 3 ^ % Cana­
dian N orthern A lberta R y. deb. stock, sim ilarly guaranteed. More than
000 miles.of main line and branches, it Is said, will be built by the com pany
in 1911. It is thought th a t th e road m ay be com pleted to the Paclflc Ocean
during 1914. Sec also V. 92, p . 794, 880.
E A R N IN G S.—8 m os.,/1910-11 ___ Gross. $9,672,300; n et, $2,728,500
Ju ly 1 to Feb. 28. 11909-10___ Gross, 8,280,500; net, 2,302,000
R E P O R T .— R eport for year ending Ju ne 30 1910, in V .91, p. 1322, shows:
1909-10.
1908-09.
1907-08.
1906-07.
Average m ile s ................
3,179
3,013
2.800
2.509
Gross earnings................... $13,833,002 $10,581,708 $9,709,462 $8,350,198
Oper. expenses A taxes. 9,488,672 7,015,400 0,676,77.> 5,424,164
N et earnings.............. - $4,344,390 $3,506,362 $3,032,087 $2,926,034
$024,726
$658,743
In t. bonds gu. by M anlt. $709,158 $695,041
280,800
280,800
280,800
280,800
Int.bds_.gu.by D.of C an.
446,054
577,539
938,399
In t. p erp .co ns. d e b .stk . 1,150.055
181,467
203,983
203,988
In t. Qu’A p. L. L. A S._
90,107
191,533
In t. on 4% land gr. bds.
223,900
223,900
223.900
R entals leased lines, Ac. 223,900
306,949
431,248 ----------------480,727 ----------------In t. on equip, leases------ 554,143
Surplus for y ea r_____$1,030,757
$646,745 $078,930 $1,043,545
O FF IC E R S.— Pres., Sir W illiam Mackenzie; V .-P ., Sir Donald Mann;
3d V .-P., D. B. H anna; Sec., W . II. Moore; all of T oronto, O ut. Directors:
Sir W illiam M ackenzie, Sir Donald M ann, Z. A. Lash, Frederic NIcholls,
all of T oronto, O nt., and It. M. H ornc-Paync, London, E ng.— (V. 92, p.
200, 321,. 794, 880, 1031.)
C A N A D IA N N O R T H E R N O N T A R IO R Y .— (See M ap Canadian Northern
R y.)— Owns Toronto to Sudbury, 208 miles, w ith extensions to Gowganda
J e t., 43 miles; branches and spurs, 31 miles; to tal, 342 miles. From Sellwood the m ain line is now being extended tow ards P ort A rth u r, where a
connection will be m ade w ith the Can. N or. R y. F orty miles of this ex­
tension was com pleted last fall. A branch line from a point north of Sellwood Into the Gowganda Silver D istrict, 30.7 miles, was opened Ja n . 3
1910. The extension from llaw kcsbury to O ttaw a City was opened In
N ov. 1909 and. in connection w ith the Can. N or. Quebec R y., a through
train service was established between O ttaw a, Quebec and M ontreal. Owns
m odem ore-handling plant a t Key H arbor, 80 m . from Moose M t. iron mines.
In Aug. 1910 Interests closely allied w ith the com pany, it is understood,
acquired practically all the stock of the O ntario A O ttaw a R y., which
had acquired the Brockvlllc W estport A N orthw estern, Brockvlllc to
W estport, O nt.. 45 miles; Irondalc B ancroft A O ttaw a R y., Grand T runk
J e t. to Bancroft, O nt., 48 miles; C entral O ntario R y., PIcton to Maynooth, O nt., 132 m ., and branch to Coe Hill iron mine, 8 m . (V. 88, p. 230);
and M arm ora Ry. A Mining Co., Junction w ith C entral O ntario R y. to iron
m ines, 10 miles; to tal, 243 miles. V. 91, p. 270, 402.
O RG A N IZA TIO N .— Controlled by sam e Interests as the Can. N orth.
C apital stock (shares $100), authorized, $ 1,000,000; issued June 30 1910,
$250,000. D ebenture stock, 3 H % , £209,540, due Ju ly 10 1930 and £1,342,­
140, due June 30 1938, interest Mch. 31 and Sept. 30 and Dec. 31 and Juno
30. A uthorized at $20,000 per mile. Prin. and in t. guaranteed by Prov­
ince of O ntario. V. 87, P- 96; V. 88, p. 1000.
In Ju ne 1909 £800,000 4% perpetual consolidated debenture stook was
olfercd in London a t 92. Secured b y flrst m tge. on a line of railw ay already
constructed from llaw kcsbury to O ttaw a and from O ttaw a to N iagara, via
T oronto and H am ilton, with additional charges on other lines as further
security. V. 89, p. 40, 102
D IR E C T O R S.—Sir W illiam M ackenzie, Sir D onald M ann, Frederic
Nicholls, W . II. Moore, L . W . M itchell, Z. A . Lash, all of T oronto. O nt.;
and R . M. H orno-Payne, London, Eng. Pres., Sir W illiam Mackenzie;
V .-P., Sir Donald M ann; 3d V .-P., D. B. H anna; Sec., W . H . Moore, all of
T oronto, O nt.— Office, T oronto, O nt.— (V. 91, p. 402; V. 92, p. 200.)
C A N A D IA N N O R T H E R N P A C IF IC R Y .— [See M ap Canadian Northern
R y.)—To construct a lino across the Rockies from Ycllowliead Pass to Van­
couver and Paclflc tidew ater, about 000 m ., to be com pleted w ithin 4 years.
Controlled by sam e Interests as Can. N or. R y. Stock a u th ., $25,000,000.
of which $10,000,000 m ay be pref.; p ar $100. Bonds will be Issued at
$35,000 p. m . (limited to $21,000,000, unless the road Is extended Into city
of K am loops), guaranteed by British Columbia G ovt., the Canadian N orth­
ern R y. to indem nify the G ovt, against any loss it m ay incur by the guar­
a n ty . Mtge. trustees. N ational T ru st Co. of T oronto and British Em pire
T r. C o . V. 91, p. 37. 93; V. 90. p. 696; V. 89. p. 1141.— (V. 91. p. 93.)
C A N A D IA N N O R T H E R N Q U E B E C R Y .— (See M ap Canadian N or. R y .)
— Owns Quebec to M ontreal, 170 miles; Jollettc to llaw kcsbury, 07 miles;



Rate
%

23

branches, Garneau J e t. to R iviere a Pierre, 40 m .; Shaw lnlgan J e t. to Shaw inigan, 4.50 m .; S t. Jacques J e t. to S t. Jacques, 7.20 ra.; S t. Jerom e J e t.
to H ubcrdeau, 45.70 m .; spurs, 7.87 m .; to tal. 347.27 ra. Also operates
58.65 m . O ttaw a to H aw kesbury, of C entral O ntario R y.
Owns elevator, car shops, A c., a t Quebec. Form ed in 1906 by the am alga­
m ation of the G reat N orthern R y. of C anada, A c. Controlled by the sam e
interests as the C anadian N orthern R y.
Capital stock, $12,500,000, of which $3,000,000 is issued as stutatory
stock w ith a certain preference as to dividend.
S E C U R IT IE S .— On O ct. 22 1906 an issue of 4% perpetual debenture
stock, guaranteed by the C anadian N orthern R y., was authorized to an
am o u nt sufficient to take up the bonds of constituent com panies, to meet
cost of lines now under construction, provide for construction or acquisition
of additional lines a t not exceeding £4,109 ($20,000) per mile of such lines,
an d , with the consent of the trustees for the stockholders, to provide for the
purchase of the stocks and securities to an am ount not exceeding the cost
thereof. In O ct. 1900 £1,000,000 of this stock was issued to take up the
entire bond issues of the C hatcaugay A N orthern R y. and th e Quebec New
Brunswick A Nova Scotia R y. and $1,514,500 bonds of the G reat N orthern
R ailw ay Co. of Canada, and since th a t d ate £38,555 of stock to take up an
additional am ount of G reat N orthern R y. Co. of C anada 4% bonds. In­
terest payable Ju ne 30 and Dec. 31. T otal am ount outstanding, £1.038.­
855; secured by spcciflc flrst m tge. upon any securities acquired as above
and deposited w ith the trustees and by first general lien upon entire property
of com pany (other th an land and m oney subsidies), subject only to the bond
Issues of the am algam ated com panies, which bonds will be retired as soon as
every bond of each series has been exchanged for stock of this issue. V. 83.
p. In968;
V. 84, top.the
693,4%748.
addition
perpetual debenture stock outstanding, there Is also
outstanding $3,505,000 4% bonds of the G reat N orthern R y. of C anada
(guar, as to prin. and Int. by C anadian N orthern R y .). T he C entral T rn st
Co. of New Y ork holds $0,500 bonds for exchange for the uncxchanged bal­
ance of G reat N orthern Ry. of Canada flrst issue of 5% bonds.
D IR E C T O R S.— D. B. H anna, Z. A. L ash, Frederic Nicholls, W . II*
Moore and F . C. Annesley, all of T oronto, O nt.; H . H . Melville, Boston*
Mass.; H on. F . H . Phlppen, Toronto; H on. Ju les Tessier. S enator, of Que­
bec. P.Q .: Thom as M cDougall, M ayor of Quebec: A. J. M itchell, Toronto*
O nt., and R. M. H orno-Payne, London, Eng. Pres., D. B. H anna; V .-P ..
H . H. Melville; 2d V .-P., Frederic Nicholls; Sec., W. II. M oore, all of
T oronto, O nt.— (V. 84, p. 693, 748.)
C A N A D IA N P A C IF IC R Y .— RO A D .—Owns a trans-continental railw ay
from M ontreal to the Pacific O cean, m ade up as follows Ju ly 1 1910:
M ontreal to V ancouver..........-.2,908 U nder construction Ju ly 1 1910 471
Branches and auxiliaries----------3,122 O perated account of ow ners— 202
controlled b u t oper. sep.—
Leased lines...........................
4,147 aMAlso
lnn. S t. P . A S ault S tc .M ..3,010
Used Jo in tly ............................. —
94 aD uluth
South Shore A A tlantic 006
T otal in traffic retu rn s..........10,271 uSee each com pany’s statem en t.
Branches aggregating 190 miles were opened Ja n . 1910. In Ja n . 1909
purchase of control of W isconsin C entral by M inn. S t. Paul A S ault Stc.
M arie was concluded. V. 88, p. 157.
In Aug. 1910 Canadian Paclflc interests purchased practically all the stock
of Dominion A tlantic R y.. Y arm outh to T ruro, w ith branches, to tal 247
miles, w ith 45 miles trackage to H alifax, possession being taken April 1911.
V. 91, p. 728; V. 90. p. 1490, 1424. The com pany oilcrcd to purchase the
m inority stock of th e A lberta R y. A Irrigation Co. a t $150 per share up to
M ay 1 1911. Sec V. 92. p. 955.
H IST O R Y , ETC.— Incorporated Feb. 18 1881 under charter from Do­
m inion of C anada, receiving $25,000,000 in cash as a subsidy; also 25,000,­
000 acres of land, all to be fit for settlem ent. O perates trans-A tlantic and
Paclflc steam ship lines; also steam ers to A laska.
STO CK.—The Issue of preferred m ust never exceed one-half th e com m on.
Stockholders voted O ct. 7 1908 to increase a u th . com. stock from $150,­
000,000 to $200,000,000. $30,000,000 new stock being subscribed for by
com . stockholders at 125, payable in 5 equal installm ents to S ept. 1910.
New stock received divs. for half-year ending Dec. 31 1910. V. 87, p. 613.
930. 1008; V. 89. p. 917. 1008; V. 90, p. 1044. 1074.
D IV S. since 1900.—
1 ’01. ’02. ’03. ’04 to *06. ’07 to ’09. '10. 1911.
R ailroad earnings......................) 5 5 5 H 0 yearly 6 yearly 6MBck>w
L and sales in terest__________j . - _ - — - ............ 1 yearly 1 -----In 1911, Ja n ., IM % and H % ex tra from land sales. E x tra divs. a t3 ? i
yearly ( H of 1% quar.) are to be paid from the Int. on land sales and extra­
neous assets beginning April 1911, Increasing yearly rate to 10% . V. 92.
p. 117, 955.
BONDS. D E B E N T U R E STOCK, G U A RA N TEED BONDS, E T C —
L ist of securities held against consolidated debenture stock, in V. 91, P. 728.
In Ju ly 1910 $130,711,616 debenture stock was outstanding, £1,698,935
being sold in 1910.
,,, . . .
Stockholders on O ct. 3 1910 authorized the issue of consolidated deben­
tu re stock a t not over £0,000 per mile on 513 miles and £4,000 per m ile on
40 miles, to construct various branches aggregating 553 m .; also acquisition
and lease of certain lines. V. 91, p. 728, 1093, 1095.
In June 1890 com pany agreed to guarantee the principal and interest of
$20,000,000 4% bonds to be issued by th e Dul. So. Sh. A A tl.; also 4% \mt.
on consolidated bonds of the Minn. S t. P . A S. Ste. M.. and in 1899 interest
on the second m tge. 4s of the latter, and in 1901 interest on $1,254,000
Mineral Range 4% bonds, the last nam ed being all owned Ju ne 30 1910.
Owns D ul. S. S. A A tl. consols. $15,107,000.
S t. Lawrence A Ottawa bonds arc endorsed w ith the C anadian Pacific’s ac­
ceptance of a 999-ycar lease a t a rental sufficient to pay 4% Int. on bonds,
and the bondholders* agreem ent to accept in t. a t 4% (instead of 6% ) and to
refrain from dem anding principal (due 1910) during lease. V. 90, p. 1361.
The New Brunswick Railway consolidated debenture stock has Interest
guaranteed by C anadian Paclflc: interest on th e 1st m tge. bonds, tbough
not guaranteed. Is paid out of ren tal under 990-year lease of 1890.

24

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
\For abbreviations. A c., see notes on first page]

M iles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

[VOL. LXXXXII,

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

C anadian Pacific— (Concluded)—
Calgary & E dm onton deb stock gold Interest as rent
1890
£1,121,700
4 g J 3 A J 2002
Can Pac Office, London
Branch line bonds $1,040,000 (owned by CanPac)
52 1905
4
$1,000 $1,040,000
J A J
Can P ac Office, M ontreal
A lberta R y & N avigation Co stock _______________
100 V 92, p . 955 See text .1 A J 1955
L indsay Bobcayg A Pontypool 1st M $700,000 gold
40 1903
500,000
4 g J A J July 1 2002
1,000
Bk of M ontreal, T oronto
Aroos Val El R R 1st M $300,000 g red 105 Int guar
14 1909 500 &c
300.000
4M g F A A
N Y and A ugusta, Me
M inn S t P & S ault S te M arie and D uluth South Shor e & At
lantlc —See sta tem ents of those co m panlcs Aug 1 1929
Carolina C entral— Bonds—See Seaboard Air Line Ry
Caro Clinchf & Ohio— 1st M $15,000,000 red 110.F.c*
5 g J A D Ju ne 1 1938
1908
1,000 10,000,000
B lair A Co, New York
M ortgage gold notes $5,000,000 redeem par.E q.xc*
1909
1,000 5,000,000
5 g J A J July 1 1919
do
do
E quipm ent gold notes ser “ A ” due $130,000 s a .B a
2,180,000
1,000
5
g
J
1908
A
D
do
do
do
do
Ser “ B” due $50,000 s a _______ Un
900,000
1910
1,000
5 K J A .1 July '11-Jan '20
do
do
C arthage & A dir— 1st M $1,600,000 gold gu_Un.c*& r
1,100,000
4 g J A D Dec 1 1981
46
1892
1,000
G
rand
Cent
S
tatio
n, N Y
C arthage W ater & Sack H ar— 1st M g gu p A 1 e n d ..
300,000
1.000
5 g .J A J Ju ly 1 1931
29 1891
do
do
C atasauqua & Pogelsville— F irst m tge gold._PeP.c*
135,000
1,000
4
g
J
A
1898.
1
July
1
1928
R
eading
T
erm
inal,
P hlla
C ataw issa— P ref stock 5% guar P & R R y (see text)
5
98
50 3,200,000
M A N
Office, P hlla
F irst consol m ortgage $2,215,000 gold_____PeP.c*
1,000 2,215,000
4 g A A O May 19 1911 2H C om pany’s
103 1898
do
do
Cat skill M t'n— 1st M ($2,000 not ext from 1905)__
39,000
1,000
5
1885
F
16
A
A
Aug 11915
T an N at Bk CatsklU N Y
F irst Income bonds__________________ ___________
238.000
6
1885 100 &c
Aug 1 1915
2.91042% paid In S e p t’07
C ayuga & S usquehanna—Stock 9% rental D L A W
30
5S9.110 See text J A J Jau
34
1911 4J4 30
Pine S treet New York
Cedar R apids Iow a Falls & N orthw estern—See Chlca go Ro ck Isla nd A Pac Iflc R y
C entral A rkansas & E astern—See S t Louis Southw est ern
C entral Branch—See Missouri Pacific
C entral of G eorgia Ry— 1st M $7,000,000 gold. G.c* &r 312 1895
1,000 7.000,000
5g F A A
11945
G uaranty T rust Co N Y
Consolidated m ortgage $18,500,000 gold..A le.c*& r 1,493 1895
1,000 18.500,000
5 g M A N Nov
do
do
1,000 1,000,000
Mobile DIv 1st M (Columbus to Andalusia) g_ . _G.c* 138 1895
5
g J A J Nov 1 1945
do
do
Macon A N orth DIv 1st M $840,000 g old.-.M B a.c* 102 1895
1,000
840,000
5
g
.
1
A
J
Jan
1
1946
do
do
1,000
462,000
Ocon DIv 1st M Brcw ton to Dover $6,000 p m__S.c*
77 1901
5 g .1 A D Dec 1 1945
do
do
500
E ato n to n Branch first m tge n ot guaranteed g o ld ..
21 1896
168,000
J A D
6
g
Savannah, Ga
1,000
Mid Ga A A tl DIv 1st (consol) M $9,000 p m __ G.c*
65 1897
413,000 5 cur J A J Jan 1 1947
G uaranty T rust Co, N Y
1.000 2,057,000
C hattanooga DIv purch m oney M $2,400,000 g-S.c* 164 1901
4 g .1 A D
do
do
1,000
C hattanooga R om e A So 1st M $500,000 g.U n.c* 138 1897
343,000
5
g
J
A
J
July
l
1947
T ru st Co, New Yk
1,000
12 1905
435,000
Upper C ahaba m ortgage gold redeem 102 Vx------- N
4 g F A A Aug ’ 11-Aug '25 Union
G
uaranty
’Trust
Co.
NY
24 1905
1,000
Greenville & New 1st M gold redeem 102 H --------- N
435,000
4g M A
do
do
1,000 4,000,000 Sec text Oct 1 S Nov 1 1945
1st pref Incomes 1 Interest up to 5% f ---------------- Mp _ 1895
Guar
T
r
Co,N
Y
or
Savan
2d do do [ gold If earned ( ___________ Ce
1895
1.000 7.000,000 Sec tex t Oct
1 1945
do
do
3d do do ] non-cum ulatlve I -----------------Ala
1895
1,000 4,000,000 5 In 1906 Oct 11 Nov
Nov 1 1945
do
do
C entral R R & Bk coll tr bonds gold red a t 110-Ce.c
1887
1,000 4,880.000
5 g M A N May 1 1937
G uaranty T rust Co, N Y
The Calgary & Edmonton R y. debenture stock Is guaranteed Interest a t
4% under new lease of 1903. V. 76, p. 435; V. 77, p. 636.
The Lindsay Bobcaygeon A Pontypool R y. bonds are Issued under a 99ycar lease covering the interest. V. 77, p. 1225: V. 79, p. 2085.
T he Interest on the A roostook Valley (Electric) R R . 20-ycar 4M % bonds,
which has com pleted a first u nit of 14 miles from Presque Isle to W ashburn,
M e.. Is guaranteed. V. 89, p. 846: V. 90, p. 107: V. 92, p. 259.
Oar tru sts outstanding Ju ne 30 1910, $1,360,000.
LA N D S.— Lands unsold June 30 1910 were 7,335,248 acres of Canadian
Pacific g ran t and 101,833 acres of M anitoba South W estern g ran t. 102,641
G reat N orth-W est C entral g ran t. 3.158,146 British Colum bia Southern,
52.635 acres of Columbia and K ootenay grant and 1,263,313 acres of
Columbia A W estern grant; to tal, 12,013,816 acres. The Columbia A
W estern R y. claim s a further area, which Is In dispute. T otal sales In
1900-10, 975,030 acres, for $14,468,564.
G EN ER A L FIN A N C ES.— In 1906 stockholders subscribed for $20,280,­
000 new com . stock a t par. In Feb. 1908 for $24,336,000 a t par and In Nov.
1909 for $30,000,000 a t 125. V. 74, p. 378; V. 82, p. 333. 691. In 1907-08
£1.000.000 pref. stock was sold, in 1908-09 £800,000 and In 1909-10 £600,­
000. V. 84. p . 338.
In Feb. 1908 £2,000,000 4% debenture stock was sold. In 1908-09 £ 2 ,­
727,340 and In 1909-10 £1,598,935. V. 85, p. 599; V. 86. p. 545.
In Ju ly 1906 the last of the $15,000,000 land grant bonds was paid off,
aeavlng th e land grant unencum bered; on June 30 1910 the balance due on
T ccount of land sales was over $27,942,113, on which 6% Int. Is received,
exhls Interest will be used to pay extra dividends on the com m on stock; 1%
ex tra per annum was paid In 1907 and to Ja n . 1911. V. 83. p. 817.
In O ct. 1910 the dividend rate was raised from 7 to 8 % . Including inter­
est on land sales and extraneous assets, and In April 1911 was furth er In­
creased to 10% . V. 92, p. 117, 955; V. 91. p. 396, 945.
E A R N IN G S.—8 m o s.,/1 9 1 0 -1 1 ...G ro ss, $67,903,435: n et. $24,417,593
Ju ly 1 to Feb. 28. \ 1 9 0 9 -1 0 ...Gross, 62,021,990; n et, 22,873,472
ANN UA L R E P O R T .— Fiscal year ends Ju ne 30. A nnual m eeting Is
held a t M ontreal on th e first W ednesday In O ctober. The rep o rt for 1909-10
a t length w as In V. 91, p. 716, 727. A nnual m eeting, V. 91, p. 1093. See
also editorial, p. 761.
1909-10.
1908-09.
1907-08.
Miles operated end of y ea r.......................
10,271
9,878
9,426
Passenger earnings....... ..........................$24,812,021 $20,153,001 $19,900,432
Freight ......................................................... 60,158,887 48.182.620 44,037,598
Mall, express and m iscellaneous_____ 10,018,582 7,977,800 7,446,143
T otal earnings..........................................$94,989,490 $76.313^321 $71,384,174
N et earnings.................................................$33,839,950 $22,955,573 $21,792,366
Interest received.......................................... 3,335,713 2.306,488 2,654,633
$37,175,669 $25,262,061 $24,446,999
Fixed charges..................................................$9,916,941 $9,427,033 $8,770,077
For steam ships. A c...................................
980,000
880.000
880,000
Dividends on com mon stock*____(6H ) 10,167,179 (6)9.000,000 (6)7,300,800
D ividends on preferred sto ck ................. (4)2,214,933 (4)2.107,867 (4)1.916,407
Balance, surplus....................................$13,896,616 $3,847,161 $5,579,715
•Also 1% extra yearly from Interest on land sales, viz.:
April and
O ct. 1.— (V. 91. p. 1384; V. 92, p. 117, 321, 394, 525, 955.)
C A N E B E L T R R . —See Atchison Topeka & S anta Fe.
, C A R O L IN A C L IN C H F IE L D & O H IO R Y . — (.See A /ap.)— In operation
from D ante, Va., to Spartanburg, S. C., 245 m. T he Dum ps Creek Line,
S t. Paul, V a., to H urricane, V a., 12 m ., was opened May 1910. Connects
a t Bostic, N . C., with Seaboard A ir Line R y., w ith which close relations arc
m aintained, by which tidew ater Is reached. V. 88, p. 944; V. 87. p. 670.
Controlled by the Cum berland Corp., which owns the Cltnchfield Coal Corp.,
whose 285,000 acres of coal lands the road will develop. V. 86. p. 669;
V. 83. p . 154. See Cumb. Corp. Financed by leading N. Y. bankers.
Nam e changed In March 1908 from South & W estern R R ., stock being In­
creased to *30.000,000. of which $15,000,000 Is 0% pref. and $15,000,000
com . In F eb. 1010 arranged with Southern Ity. to send coal to Charleston,
S. C.. w here co. will have a term inal to handle coal for export. V .90,p.558.
BONDS.— The first m tgo. has been authorized to secure $15,000,000 30year 5% bonds dated Juue 1 1008. of which $3,000,000 were used to retire
th e old bonds (J Issues) to the same am ount deposited as collateral for the
C um berland Corp. 1-year notes of 1908; In Aug. 1908 $7,000,000 additional
bonds were sold, m aking $10,000,000 outstanding. The m tge. Is secured
on th e road from D ante, Va.. to Spartanburg, S. C., 245 miles. V. 80, p.667,
850;
rain nlv, Scries?2.000,000
and InV-S
Ja8n,. 1910 $1,000,000
"B " were equipm
sold. V.ent88,notes.
p 451Scries “ A ,”
Ia./,V
I
^
9„93,f„5
'0.°9
’0n?
,1,fcXcar
5%
sold
notes
following
the $10,000,000 llrst 5s of 1908 were sold. They are subject to callIn asliena
whole or m ay be draw n In p art by lot. V. 89. p. 285.
M ark W . P o tter, President, 24 llroad S t., N. Y.— (V. 92, p. 321.)
C A R O L IN A & N O R T H W E S T E R N R Y . —Owns standard-gauge road,
Chester, S. C.. to E dgem ont, N. C.. 133 y, miles, having acquired Caldwell *
N orthern Lenoir to Edgem ont, N . C., 2314 miles, July 1 1910. Reorgani­
zation In 1897 of Chester & Lenoir, foreclosed.
In Mch. 1900 nearly all stook was acquired by a syndicate. Stock author­
ized. $1,000,000 each of com . and 4% non-cum . prcL; outstanding. July
1910, $854,250 com. and $550,000 pref. stock. Of the 50-year 1st gold at
due July 1 1953 (Standard T rust Co. of New York, trustee), $1,500 000 wero
used to retire all underlying bonds and $1,000,000 arc applicable to exten­
sions. new equipm ent. &c. Caldwell & N orthern 1st 50-ycar 5s. due Juno 1
1957. $543,000. V. 91, p. 870. Year 1909-10 (110 m .). gross, $347,381;
net Inc. (Incl. $1,104 "o th er”). $122,010; Int.. taxes, &c., $103,181; bal..
su r..”$19,435. Pres., W m .J.V.|Barber. 105 B'w ay, N. Y .— (V. 91, p. 870.)




C A R T IiA Q E & A D IR O N D A C K R Y.— (See M aps N . Y . Central.)— Owns
from Carthage to N ewton Falls. N. Y ., 40 m. The entire stook. $500 000
Is owned by the N. Y. Central R R ., which In May 1893 leased the property
In perpetuity and guaranteed Its $1,000,000 bond3, of which $500,000 were
for extensions, &o.— (V. 57, p. 218.)
C A R T H A G E W A T E R T O W N & S A C K E T S H A R B O R R R .— (See M aps
N . Y . Central.)— Owns from C arthage to Sockets H arbor, N. Y .. 29 miles.
Controlled by N. Y. Central, which owns $484,100 of the stook and guaran­
tees the bonds. Leased to R . W . & O. for .37 J4% of gross earnings. R ental
In cal. year 1900, $42,734. Capital stock, $405,000 com . and $21,500 pref.
D ividends 1900 to 1910. 5% yearly (J. & D.) and In 1909 10% and Deo.
1910 5% extra.— (V. 91. p. 1705; V. 92, p. 59.)
C A T A S A U Q U A & F O G E L S V IL L E R R . —C atasauqua. P a., to R lttenhousc Gap, P a., 29.5 m . Stock. $426,900 (par $25); $254,125 Is owned by
,In
R e,19064)7,
a,?^!!g„S 058%» ,D.lXt„Ral<1
ln .1903-04,
; InJune
1904-05.
; in 1905-00,
: 1908-09, 8%
For yr.7%
end.
3 0'0 9,8%
gross,
$190,086:8%
net;
jne., $137,302; deduo.. $33,482; dtvs., $34,152; su r.. $69,668.— (V.81.P.149.)
C A T A W IS S A R R . — Owns from T am anend, P a., to Newberry Jo t., P a.,
101.22 miles; second track. 39.83 miles; to tal, 214.44 miles. Ro-lcascd
Deo. 1 1896 for 999 years to Philadelphia * Reading Railway. R ental.
Interest on bonds, 5% dividends on preferred stock, all taxes and $8,000
for organization expenses. See also V. 03. p. 909, 1116. Of tho preferred
stocks. In 1911 $2,200,000 was llrst preferred and $1,000,000 setmnd pre­
ferred, and com mon was $1,159,500; par, $50.— (V. 72, p. 1187.)
C A T S K I L L M O U N T A IN R Y . — Owns narrow-gauge road from CatsklUup th e Catsklll M ountain, to Palenvlllc, N. Y ., 16 m .: leases Cairo R R ..
Cairo Jet. to Cairo, N . Y ., 4 m .; 20 miles. Stock, $89,000. There are also
second incomes tor $15,600, 6% . F irst Incomes have one vote for each $100
the first
sinceJune1897;
1907,
2.91042% l. s t ,V.ncSom
83, es’
p. 5.8281%
817. E A SePt
R N IN- G1906'
S.— Year
ending
30 1909,
gross, $74,926; net, $20,710; Int., &c., $19,099.— (V. 83, p. 817.)
,RR*—Owns from Susquehanna R iver to
t
^ ^ c d during length of charter and renewals thereof
e
^
&
Wc«tern
a
t a rental
of $54,600
year. was
DIvs.
paid
are J% yearly, with an occasional extra
am ount;
ln 1904a 9>$%
paid.
C E N T R A L OF G E O R G IA R Y .— (See M ap.) — S y stem Includes:
Lines owned in fee—
M iles. Lines leased (sec these oos.) M iles.
Savannah to A tlan ta.
295 Southw estern R R .—
Gordon to Porterdalc
Macon to E ufaula___________ 144
Columbus to Birm ingham , A lai 156 F ort Valley to P erry ................. 12
62 F ort Valley to C olum bus____ 7 1
Columbus to A m erlcus__
M ontgom ery to E ufaula, A la .. 80 Sm ithvlllc to Colum bta.......... 8 5
Columbus to Greenville, G a. _
49 C uthbert to F ort Gaines____ 21
Opelika to R oanoke............ ......... 36 A ugusta
& Savannah R R .—
Eufaula to O zark..........
60 Mlllen to A ugusta..................... 5 3
Griffin, Ga., to Chat., T cnn.,& c. 198 C hattahoochee A Gulf R R .—
Chlckam auga to D urham __
18 Columbia to L ockhart______ 91
Savannah to T yb ce........................ is T ra c k a g e _____________________
3
Columbus to A ndalusia............ 138
Macon Junction to A thens___ 102 T otal oper. Ju ly 1910..........-1,916
Brcwton to D over_____________ 7 7
Barnesvllle to T hom aston___ I ir> Also Meldrlm to Lyons, 58 miles
Lyerly B ranch.........................
9
(leased to Seaboard Air L ine).
U pper C ahaba B ranch................. 12 Ocean
Co., est. equlv. o f____300
Greenville to R aym ond............... 24 ControlsSS.YVrightsvIlle
A TcnnlUe and
W
adley
Southern
R y.
T otal owned (and oper.)____1,436

O R G A N IZA TIO N .—Succeeded N ov. 1 1895 the C entral R R . & Banking
Co. of Georgia, foreclosed V. 00, p. 1008; V. 61. p. 6 8 . All of tho W adley
S1912.
outhernV.R85,
y. bonds
p. 605.arc deposited to secure short-term notes duo March 1
In Ju ne 1909 the $5,000,000 stock was acquired by the Illinois C entral,
VU 85h p r°1082S f^68^V d 86d pPC6617Cntly' V ' 88’ P ‘ 1659: V ' 84, P * 1550;
BONDS.— ’T he first mortgage of 1895 (described In V. 63, p. 1160) Is a
first lien on the m ain line from A tlanta to S avannah, Including the Mllledgevllte branch (312 m . In all), all equipm ent and appurtenances, and the equity
ln $1,995,000 stock of Ocean SS. Co. V. 84. p. 529. 605: V. 87. p. 550.
A pplication for listing firsts and consols In V. 63, p. 1160.
,oT.!le
61. p. 873;form
alsoer V.M63.
V. 83.R Rp ..
1347) Is,c0 a" 5?iirst lien (sce
uponabstract
600 m . V.(Including
ont.p.&1160;
Eufaula
Sav. & W estern and Sav. A A tl.); also on the leases of the South YVcstcrn
and A ugusta A Savannah roads and th e stock of New England A Savannah
Steam ship Co., and a second lien upon the m ain line. Its equipm ent, A c., and
a so on the Macon A N orthern, Mobile & G irard, and other divisions. It
also covers all leaseholds, securities, &c. V. 85, p. 605; V. 89, p. 777.
Collateral trust mortgage abstract w as In V. 45, p. 242.
The Chattanooga Division mortgage Is a first lien on the form er C hatta­
nooga Rom e & Southern R R ., C arrollton. G a.. to C hattanooga, T cnn., 138
4e3,
D urham to Chtckam auga, G a., 17 miles, w ith branches. In all
164 miles, subject to $343,000 old 5s. for which a like am ount of bonds Is
reserved. V. 72. p. 1134; V. 78. p. 1446.
Upper Cahaba Branch bonds arc secured by coal lands ln N orthern Ala­
bam a, also by road H enry Ellen to M argaret, Ala. V. 81, p. 920, 1099.
P R E F E R E N C E INCOM ES.— These bonds, subject to tho prior m ort­
gages, cover the m ain line and th e form er Savannah A W estern, Columbus
& Rom e, M ontgomery A Eufaula, Mobile A Girard. Macon A N orthern and
Savannah A A tlantic, and other railroads, and their equipm ent, Ao. They
are non-cum ulatlve and bear Interest not exceeding 5 % In any one fiscal
year, but payable only out of earnings as declared. V. 81, p 974 1174. J

APB. 1911.1




RAILW AY STOCKS AND BONDS.

f p ^ C A R O L IN A ,
.IN C H F IE L D Al
O H IO RAILWAY

25

36

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
(For abbreviations, A c., see notes on first page]

M iles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

When Last Dividend Places Where Interest and
Dividends are Payable
Payable and M aturity

C entral of Ga R y— (Concluded)—
Locom otive and car trusts payable $33,000 s-a____c
1905
$1,000
$66,000
4>4 FVarious To Ja n 1912
e q u ip m e n t tru st series H $51,000 s-a (V 82, p 217) - __ 1906
1,000
510,000
A A To Feb 1916
444 e
Equip tru st series I $ 115,000 s-a (V 83, p 751) - . -G P __ 1906
1,000
915,000
4 K e J A J To Ju ly 1916
__
1907
do do series K $38,000 sem i-annually..........
l .000
456,000
M A S To Mch 1 1917
5
g
Notes secured by W adley Southern bonds............ .......
1907
50,000
650,000
5 g M A S Mch 1 1912
Guaranteed, A c., Securities
Ocean SS Co first m ortgage gold guaranteed.-C e.c* __ 1890
1.000 1,000,000
5 g J A J Ju ly 1 1920
S team ship bds g assum by O SS Co $69,000 due s-a. __ ’03-'04
69,000
5 g J A J Ju ly 1911
A ugusta A Savannah stock (no bonded d e b t)______
53 __
100 1,022,900
5
.1 A .1 Jan 1911 2 M%
Southw estern R ailroad stock (no bonded d e b t)------ 333 __
100 5,191,100
5
.1 A J Jan
2 M%
C hattahoochee & Gulf stock
_______________
__ __
too
436,400
5
J A J Jan 1911
l 1911 2M
F irst M gold $2,000,000 int rental s f red a t 102 M
91 1900
1,000
325,000
J
5
g
A
J
Ju
ly
1
1930
Cent Indiana— 1st M $4,000,000 gu p A I end_Cc.c*Ar 117 1903
1,000 1,500,000
4 g M A N M ay 1 1953
C entral New E ngland— Gen M o% Incom es------F P .r
1.000 7,250,000
58 1899
5g
Oct 1 Feb 1 1949
D utchess County R R — First intge gold g u a r. .M e.c*
12 1890
1,000
350.000
4
14
(6) g J A D Ju ne 1 1940
Divisional b o n d s.. .
_________________
R efunding m ortgage $25.000,000...................................
4
C entral Ohio—See Baltim ore A Ohio
C entral O ntario Ry— First m ortgage £200,000----------1909
£100 £200,000
5
J A J 1934
C entral Pacific— 1st ref M g gu p A l end ..C e.c* A r 1,349 1899 500 Ac 99,724.000
4 g 1-' A A Aug 1 1949
3 Ms $25,000,000 gold guar p A l en d --------U s.c'& r 1,349 1899 500 Ac 14.603,000
J A I) Aug 1 1929
3M
g
Lucin cut-oir 1st M $10,000,000 gu (te x t). _G.c* Ar* 103 1904 1,000 Ac 9,640.000
A A O Oct 1 1954
Bonds $250,000,000 francs guaranteed red p a r..U s . . . 1911 500 fr 1250000,000
M A S Mch 1 1946
4
C entral RR of H aiti— 1st M U S gold pay 105 a t m a­
__ 1909
tu rity or com pany's optio n _____________________ 0
1,000
800,000
D Ju n e l 1919
J
6
g
C entral RR of N J —Stock ($30,000,000 authorized) . — —
100 27,430,800 See text Q—A F May l 1911 2%
C entral R R of N J gen M $50,000,000 gold------Ce.rc
1887
1.0001
b45.091.000
J
/
5
g
J Ju ly 1 1987
do
do
registered---------------- - - - - ­ All 1887 500 Ac/
r Ju ly 1 1987
L & W B 5s of 1912 sk fd not guar (not drawn) FP.c* — 1888
1.000 2.091,000 \ 55 g M 0 —
Nov l 1912
A
N
1910
L A W B con M $20,000,000 serial g g u a r,.P e P .c *
1,000
J A D Ju n e 1 1915-’50
Am Dock A Im p Co 1st M guar redeem a t 110------c* —r - - 1881
1,000 10,996,000
4,987,000
5
J
A
J
Ju
ly 1 1921
1891
N Y H B r gen M g Int gu jointly ($192,000 5s) _Ce
38
1,000 2,500.000 4 A 5 g M A S Sept
1 1941
Lehigh & H ud Rlv gen M gold guar Jointly - - -Ce.c* - - - 1890
1,000
5 g J A J Ju ly 1 1920
—
1893 500 Ac 1,002,000
C entral RR of Penn —1st M $1,200,000 ext 1908..F P
600,000
3
M
A
M
ay
1
1923
N
Central RR of South C arolina—First m tge gold. .c
40 1881
1,000
300,000
0 g J A J Ju ly l 1921
7 1906
500
Cent Ry of So C ar— F irst M $150,000 g gu red ------CP
150,000
0 g J A J Ja n 1 1926
b Includes $1,167,0 00 In trea sury Ju ly 1910.
lH oid.(% )— ’96. '97. '98.
'99. ’00. '01. '02. ’03. ’04. ’05. ’06. *07. ’08-’10.
0
1st Incom es. I ‘ ' 2 M "2 2 3 H 5 3 5 5 5 5 5
2d Incom es. 0 0 0 0 0 0 0 0 2
5 Below 0
3d Incom es. 0 0 0 0 0 0 0 0 0 5 5 Below 0
In O ct. 1907 the holders of $2,498,000 second preference and $1,350,000
th ird preference Income bonds had deposited their bonds w ith a com m ittee
(Jos. S. Dale, 52 W illiam S t., N . Y., See.). V. 85, p. 529, 605, 653, 721,
792: V. 87, p. 1477: V. 88, p. 1436: V. 89, p. 592. The Suprem e Court of
Georgia on Dec. 14 1910, having held the com pany liable for full Interest on
the 3 classes of Income bonds from earnings of 1906-07, the bal. of 1.271%
on 2d pref. Incomes not paid In O ct. 1907 and the 5% on the 3d p ref. Incomes
were paid F eb. 6 1911. V. 92, p. 185; V. 91, p. 1628. In N ov. 1909 suit
was brought to recover full income Int. on the 3 classes of bonds from earns,
of 1907-08. V. 89, p. 1346. In 1908 a m ajority of first Income bonds had
been deposited with a com m ittee (M etropolitan T ru st Co. of New York
depositary; Jos. S. Dale, S ec.). V. 87, y. 740, 1418.
LA TEST E A R N IN G S.— / 191 0 -11 ..Gross, $8,989,184; n et, $2,934,625
8 m os., Ju ly 1 to F eb. 28.11909-10.-G ross. 8,288,960; n et, 2,866,308
R E P O R T .— For 1909-10 a t length in V. 91. p. 516, 527.
„
Year ending Jun e 30—
1909-10.
1908-09.
1907-08.
O perating revenues___________ _____ $12,052,756 $11,155,182 $11,383,013
II 8.474.910 7,862,036 8,518.977
O perating expenses..........
Net operating revenues............... . . . $3,577,846 $3,293,146 $2,864,036
O perating Income (after tax es)__ . . . $3,106,998 $2,866,867 $2,481,492
732.991
720,656
392,123
O ther Incom e........................................ . .
T otal Incom e_______________________$3,839,989 $3,587,523 $2,873,615
Interest on funded debt. A c______-- $1,959,556 $1,977,844 $1,999,541
556,414
554,732
R entals and m iscellaneous__________ 561,094
837,102
324,768
B etterm ents (Including reserve)-------- 1,318,123
213,502
T ax settlem ent (prior to Ju ly 1 1908) _
- - -----Balance, surplus or deficit_______ - su r,$1,216 sur.$2,661 dcf.$5,426
O F F IC E R S .— Pres., Charles II. M arkham , A tlan ta. Ga. D irectors,
Ju ly 1909. V. 87, p. 1009: V. 89, p. 162.— (V. 92. p. 185, 394.)
CENTRAL INDIANA RY.— Munclc to Brazil, Ind ., 127 miles, of which
10 m . trackage. V. 76, p. 653. Controlled by Clev. Cln. Chic. A S t. Louis
and Penn. R R . Interests. Bonds, guaranteed by Clev. Cln. Chic. A S t. L..
are lim ited to $20,000 per mile; outstanding, $1,500,000. V. 77, p. 517,
2279; V. 78. p. 1906. 1961. Stock a u th ., $120,000. Calendar year 1910,
gross, $178,605; def. under oper. exp.. $32,810; charges, $76,822; bal.,
dcf., $109,632. In 1909, gross. $176,579.
Pres., Joseph R obinson.— (V. 77, p . 2279: V. 78, p. 1906, 1961.)
CENTRAL NEW ENGLAND R Y — Owns from Cam pbell H all, crossing
the H udson R iver a t Poughkeepsie by Its own bridge, to SUvcrnalls, 58 m .;
Poughkeepsie, N. Y ., to Hopewell, 12 m .; D utchess Je t., N. Y ., to S tate
line, 59 m .; Poughkeepsie, N. Y ., to Boston Corners, 35 m .; total owned,
164 m ; and leases and controls.H artford A Conn. W estern R R ., H artford
to RhlncclltT, 109 m .; WIcopec J e t., N. Y ., to Flshklll Landing, N. Y ., 2 m .;
total, 293 miles, of which 20 miles abandoned Oct. 1909. V. 89, p. 918.
. Road, It was reported, was to be operated by the New York New H aven &
H artford, beginning Feb. I 1911. V. 92, p. 260.
O RG A N IZA TIO N .— On Ju n e 30 1910 the N. Y. N. II. & II. R R . owned
$3,471,000 pref. and $4,488,550 com . stock and $7,037,442 of the $7,250,­
000 Income and $192,000 1st M. bonds; also divisional bonds, viz., the
$500,000 Poughk. A E ast. 1st M. 5s, all of the $216,000 coll, and $1,164,500
Income N. D. A Conn, bonds and $2,592,389 notes payable. V. 85, p. 404,
858; V. 89, p. 469; V. 90. p. 1238, 1296, 1489; V. 91, p. 153, 396, 870.
STO C K .—Common, $4,800,000; pref., 4 % . $3,750,000; par, $100.
BONDS.— In O ct. 1910 the com pany was authorized to m ake a $25,000,­
000 4 % 50-year refunding m ortgage and to Issue a t present $12,317,000
bonds guaranteed by th e N . Y. N. II. & H artford, to refund a t par all out­
standing obligations, viz., $10,577,000 bonds and $1,740,000 notes. V. 91,
P. 1253, 1765; V. 92. p. 59. Dividend on Incomes, 4% for fiscal year
190809. paid O ct. I 1909; O ct. 1910, 5 % . V. 89. p. 592.
E A R N IN G S.—8 m o s ../1910-11............Gross, $2,087,666: n et, $839,124
July l to Fob. 28. 11909-10______Gross, 1,964,868: n et, 827,357
12 Mos. end. Jun e 3 0.— Gross.
N et. Other Inc. Charges. Balance.
1909- 10-----------------------$3,022,720 $1,184,613 $63,186 $832,918 $414,881
1 9 0 8 -0 9 .--........................ 2.530.213 854,013 56,849 790,797 120,065
O F F IC E R S .—C. S. Mcllen of New H aven, Pres.; A. S. M ay. T reas., and
A rthur E . Clark, See.— (V. 91. p. 1223, 1765; V. 92. p. 59, 260.)
CENTRAL ONTARIO RY.—See Canadian N orthern R y.
CENTRAL PACIFIC RY.— (See M ap of Southern Pacific.)
M iles.
Lines Owned—
M iles.
San Francisco, Cal., to near
Branches to San Jose, A c-------- 33
O gden, U ta h -................
871 Leased, A c .—
L athrop, Cal., to Goshen. C al. 146 Weed to K lam ath Falls (leased) 86
Rosovllle Ju nction . Cal., to Ore­
Into Ogden, Ac. (trackage)— 14
gon S tate line........................ 297
U m bria to Cecil......................— 103 T o tal________________________ 1,551
O R G A N IZA TIO N .— Incorporated In U tah In Ju ly 1899 as successor of
the railroad under the plan of readjustm ent In V. 68. p. 378.
STO CK .— (1) Common Stock, $67,275,500, all held by S outhern P ac. Co.
(2) Preferred stock. 4% cum ulative, authorized issue $20,000,000, to be
delivered to Southern Pac. Co. In consideration of Issue of equal am ount of
Southern Pac. Co. 4% coll, tru st gold bonds; of which delivered on com­
pletion of readjustm ent $12,600,000; Issued for Im provem ents, $4,400,000:
reserved to be delivered for Im provem ents and addttlous a t not over
$200,000 yearly, $3,000,000; outstanding, $17,000,000.
. D IV ID E N D S.—On pref., 4% yearly to 1910, inclusive. On com m on, In
1906-07, 6% ; in 1907-08. 6% : In 1908-09, 6% : In 1909-10. 6 % .




[V O L. LXXXXII.

Blair A Co, New York
do
do
K ountzc Bros, New York
G uaranty T ru st Co. N Y
G uaranty1 T rust Co. N Y
Blair A Co, New York
S avannah, Ga
Savannah and Macon
Citizens’B k.Savannah.G a
C entral T ru st Co. N Y
5% paid for year 1909-10
Fid I T A S D Co, Phlla
Bank of M ontreal. Loml
120 Broadw ay,N ew York
do
do
do
do
London, Paris, Bclg, Ac
Co’s office, 25 Broad S t
Office 143 L iberty St.N Y
Liberty N at Bank, N Y
Check from Treas. Office
L iberty N at Bank, N Y
do
do
do
do
do
do
Irving N at E x Bk, N Y
Fidelity T ru st Co, Phlla
Ba t t s T ru st Co, N Y
Colonial hau st Co, P Ittsb

I?9,NP ,?'~ /2 r31 refunding mtge. gold 4s, $100,000,000. V. 09, p. 808.
anlihirty-year
Y ',70' p- gold S vits- , $25,000,000,
!>• 228: V. secured
87. p. 225,
470:HenV. upon
88, p.all52.the
by a285.
second

properties covered by the 1st ref. m tge. ami also by deposit w ith the tru s­
tees, as acquired, of all securities and m oneys held In any sinking fund of the
C entral Pacific R y., consisting July l 1910 of $.3,446,470 In securities and
$8o cash, and by a tru st deed upon all the lands covered by the m tge. dated
Oct. 1 1870. Sec Mortgage A bstract, V. 69. p. 858; also see p. 851. From
the proceeds of these sinking funds am i land sales cancellation of bonds are
m ade from tim e to time; In Feb. 1900 $2,505,000 3 Ms were canceled and
to April 1911 $7,881,000 additional had been canceled, reducing those o ut­
standing to $14,603,000. V. 70, p. 739, 1194.
The 4% guar, bonds on the Lucin cut-olf are redeem able a t 107 M on
any in t. day since O ct. 1909. V. 79, p. 1641. G uaranty. V. 80, p. 162.
In I-cb. 1911 the sale was arranged In France of 250.000.000 francs 4%
35-year coll, tru st bonds, guaranteed by the Southern Pacific Co (the latter
pledging as security for the guaranty p art of Its Interest In affiliated com ­
panies, notably the Southern Pacific R R .), the proceeds to be used for
double-tracking and other Im provem ents. V. 92, p. 593, 7 9 4 .
. LArl7,486,478
D^ . R^ acres
T '__Total
was about
of which
about
unsoldland
JuneSran
30t 1910.
Sales12,000.000
in 1909-10,acres,
58,802
acres.
Land contracts, Ju ly 1 1910—prln., $234,782; aver, price per acre, $5 69.
For 5 mos. ending Nov. 30 1910, gross. $16,120,111: net. $7,385,641;
fixed and other charges, $3,030,419: bal., sur., $4,355,222. V. 92, d . 260.
R E P O R T .— Y ear ending June 30 1910, gross, $35,020,435; net, $15,213,­
436: other income, $868,140; Int., taxes, sink, funds. Ac., $7,370,539; dlv.
on pref. stock (4% ), $556,000: dlv. on com. stock (6% ). $4,036,530; bal.,
sur., $4,118,507, of which payable to Sou. Pac. Co. under term s of lease,
$1,804,825, leaving $2,313,782.— (V. 88. p. 260, 593; V. 92, p. 794.)
C E N T R A L R R . OF H A I T I . — Incorporated under the laws of the S tate of
New York Mch. 19 1909. Stock a u th ., $1,450,000, as Increased Aug. 1910;
outstanding, $1,400,000 (shares $100 each). Took over the following cor­
porations by purchase of all th eir assets: (l) The Plainc du Cul dc Sao R R .
Co. of H aiti, a 01-mile road, Incl. 16 miles building; (2) the Port-au-Prince
W harf Co., all the stock and bonds of the form er and the bonds of the latter
having been pledged to secure the bond Issue (lim ited to $800,000).
The above-m entioned collateral securities carry with them a guaranty on
the p art of the G overnm ent of the Republic of H aiti for the paym ent of an
annual subsidy of $41,280, U . S. gold coin, for which guaranty 20% of the
G overnm ent’s revenues from the duties on cocoa and logwood are pledged,
which total revenues exceed by about 10 tim es the am ount of this guaranty.
V. 89, p. 162. N. Y. office, 25 Broad S t.— (V. 91, p. 276.)
C E N T R A L R R . O F N E W J E R S E Y .— (See M ap Reading System .)— Oper­
ates from Jersey City, opposite New York City, w esterly to W ilkes-Barre
and Scranton, P a., and the neighboring anthracite coal fields: also southerly
to the seashore resorts of New Jersey and to the Delaware R iver.
M iles.
Lines Owned in Fee—
M iles. • See this com pany.
17
Jersey City to Phllllpsburg............... 72 Ncsquehonlng Valley *______
Sundry branches....... ........................ 84 Lehigh A Susquehanna, Phllllps­
burg to Union J e t., Ac________171
Entire Stock Owned—
W ilkes-Barre A Scranton *..........
New York A Long Branch R R .,
P erth Amboy to Bay H ead__ 38 O ther lines--------------------------------Trackage—
New Jersey Southern R R ., Long
Branch to Atslon, A c....................76 Union Coal R R ............................ ....... 10
O ther lines (no d e b t)__________147 Allentown Term , (oper.Jointly). . 3
O ther trackage....................................24
Leased (M ostly for 999 Years)—
Dover A R ockaw ay R R ....................... 5
Ogden Mine R R *______________ 10 T otal operated Ju ly 1910..........669
There are 263 miles of 2d, 41 miles of 3d and 30 miles of 4 tracks.
H IST O R Y .— Reorganized In 1887 w ithout foreclosure—see plan V. 44, p.
714, 716. Concerning coal properties, see Lehigh A W ilkes-Barre In ‘‘Sup­
plem ent” Ja n . 1903 (p. 159), and Lch. Coal A N av. In ‘‘M iscellaneous.” In
1901 Reading Co. acquired $14,504,000 stock. V. 72, p. 86, 136, 241. 391.
721. In fiscal year 1909-10 sold $1,560,000 Lehigh Valley stock.
D IVS.— 1 ’91. ’92 t o ’94. ’95. ’96. ’97. ’98. ’99. ’00. ’01. 1902 to M ay’l l
P e r c e n t./ 6M 7 yearly 5M 5 4 K 4 4 5 5 8 yearly (Q -F).
Also four 2% special dividends on Dec. 15 1909 and June 25 and Dec. 29
1910 from proceeds of 6M % dlvs. each on Lehigh A W ilkes-Barre Coal Co.
stock owned. V. 89, p. 1410; V. 90, p. 1612.
BONDS.— For general mortgage abstract, see V. 45, p. 402.
The $20,000,000 Lehigh A W ilkes-Barre consol, serial 4s are guar. prln.
and Int., and m ature $2,500,000 every 5 years beginning Juno 1 1915;
$16,996,000 have been sold, $2,691,000 arc reserved to retire the 5s due
Nov. 1 1912. V. 90, p. 1296, 976.
Equipment Mortgage 4s; Interest at Liberty National B ank, N . Y . City.
($1,000 each).
Date. Interest. Outstanding. Instal. o f P rtn. due Y 'ly .
Ser. B ............................. 1902 4%
Var.
$250,000 L ast—May 1 1912.
Ser. C--------- -------------1903 4% A&O
_ 700.000 $350,000 to A pr. I 1913
vSer. D ($600,000). 1905 4% MAS In treasury 150.000 to March 1915
Ser. E ($1,750,000). 1906 4% FAA do do
350.000 to Feb 11916
Ser. F ($770,000). 1907 4% JA I) do do
110.000 to Juno 1 1917
EA R N IN G S.— For 8 m onths ending Feb. 28:
Charges. B al., S ur.
$JF iP ii Months •
Cross.
N et.
!2A9~!A.............................. $19,316,469 $8,221,365 $4,201,550 $4,019,809
1909-10 .......................... 18.670.066 8,635,413 3.951,401 4,083.952
ANNUAL R E P O R T T h o report tor 1909-10 was In V. 91. p. 804.
Earnings from —
1909-10.
1908-09.
1907-08.
M erchandise ..........................................$10,031.9,85 $8,422,597 $8,308,050
,8,045,097 8.100,309
Coal .........................................................
9,099,015
Passengers ....... .. ..................................... 4,523,023 4.253,920
Mall, express, <Jcc---------------------------- i .250,800 1,225.392 4.282.704
1.434.039
T otal operating rev e n u e ................... $23,851,511 $22,008,278 $23,184,414

RAILWAY STOCKS AND BONDS
ion.]
A p r .,



28

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first pace.]

Miles Date
Road Bonds

Central
Vermont—Stock $3,000,000________ _____
F irst M $12,000,000 gold traffic g u a r______AB.cAr
C ar tru sts $15,000 or $16,000 due q u arterly _____ All
Locomotive
trusts $20,000 due yearly (V 83 p 751).
Car tru sts $13,000 or $14,000 due sem i-annually

1899
1905
1906
1907
1900
1909
1903
1907
1896
1896
1897
1902

Par
Value
$100
1.000 Ac
1,000
1.000
100 Ac
1,000
1,000 Ac
1,000 Ac
l ,000
1,000
1,000
1,000

[VoL. LXXXX11.

Am ount
Rate
When Last Dividend Places Where Interest and
Outstanding
Payable and M aturity Dividends are Payable
%
$3,000,000 $2,185, 100 held by G rand Truu k R y of Canada
10,732,000
4g
M ay 1 1920
3—
Blair & Co. N Y A B ost
248,000
5— MF Ju
4 >4
n ’11-Mch *15 Blair A Co, New York
120,000
J— F Aug
4X
1911-1916
R
oyal T ru st Co, M ontreal
A & O
162.000
’ 11-Apr *17
200,000
44Mg A A O OO ct
ct 1 1950
L & T r Co, B oston
250,000
5 g M A N15 Nov’11-May ’21 Amer
B ankers T ru st Co, N Y
800,000
4 g J A J Ju ly 1 1953
S tandard T ru st Co, N Y
250,000
4 g J A J Jan 1 1937
E quitable T ru st Co, N Y
2,720,000
5 g A A O O ct 1 1946
C tntral T ru st Co, N Y
2,380,000
5
Oct Oct 1 1946
Guar T r, N Y, if earned
600,000
6 g A A O Apr 1 1947
C entral T ru st Co, N Y
70,000
5 g A A O O ct 1 1932
Rich T & S D Co R ich, Va

M ontreal A Province Line R y 1st M guar p & 1 c 40.6
C V T ran s IstM g gu p Al $12,000or$13,000duc s-aBa
Charleston & Savannah —See A tlantic Coast Line R R . - - Charleston
FirstM $1,000,000 gold S.c* Ar
Charleston Terminal
UnSta — —
1st M$400,000 g gu (text) Eac*A r
Charleston
& West Car— IstM g($8,000 p m) Ce o*Ar 340
Income m tge gold non-cum ($7,000 per mile) ’ fie*
A ugusta Term inal R y 1st M gold guar p A 1and Cc
Charlotte
Monroe & &Columbia—
F irst M $70,000 go’ld
18
Charlotte
Columbia
Augusta—See
Southern Ry
Chartiers
—See P lttsb Cincinnati Chicago A S t Louts
Chat & Lake Placid
—S ar & Lake Placid 1st M g Ce c*
120,000 5 (6) 6 M A N Nov 1 1913
1,000
10 1893
Chattahoochee
Valley
— C V R R first m ortgage '
50,000
6
J A ,T Ju ly 15 1916
60,000
C onsolidated m ortgage $ 1 1 0 ,0 0 0
V n 24 A8 1896
1,000
5
J AJ15 Ju ly 15 1920
1900
Chattanooga
Stat
— 1st M S 1,000,000 g guftexufa.c&r
1,000 Ac 1,000,000
4 g J A J Jan 1 1957
1907
Cherryvale Oklahoma & Texas Ry— (See V 91 p 870)
Chesapeake &Beach—
F irst m tge see V 81 p 974 N.c*
1,000 1,000,000
5 g J A J Ju ly 1 1923
34 1898
100 62,798.300 Sec text. Q—M Mch 31 ’l l 1 y
Chesapeake
Ohio— Stock (S 100.000.000 authorized)
142,000
term inal 1st M 1922 covering 8 m to Phoebus g c*
6 g J A D June 1 1922
10 18S2 500 Ac
F irst consol m tge tor 530,000.000 gold____Ce.c'*"&r
1,009 29,858,000
5g
697 1889
Rich & All Div 1st & 2d Ms (SI,000,000 2ds) X e .c '
1,000 7,000,000
1890
4g
Craig Valley Branch flrst m ortgage g o ld .. . Cc.c* 241
1,000
650,000
5g
26 1890
•100,000
l .000
W arm Springs B ranch llrst m ortgage gold Cc.c*
1891
5g
1,000 47,753,000
General m ortgage (for S70.000.000 &c> g o ld .. .Cc.c* 1,394 1892
4
539,000
1,000
4 Hg
P ain t Creek Branch 1st M $750,000 g old_____Cc.c*
21 1905
200,000
KIneon Coal m tge assum ed redeem since O ct 19051901 500 Ac
5g
1,000 1,882,000
4g
G recnbrlcr R y 1st M $3,000,000 g assu m ed .. -Ta.c* 100 1900
Coal R iver 1st M gold assum ed_____________ Cc.c*
1.000 2,450,000
1905
4g
1.000 4,719,000
Big Sandy Ry first m tge $5,000,000 gold____Cc.c*
1904
4g
600,000
1.000
P otts Cr Br 1st M $1,000,000 auth(V 8 3,p 693)Cc.o*
4g
20 1906
1,000
750,000
Raleigh & Southvv 1st M $1,500,000 g assum ed.-C c
1906
4g
1909 1,000 Ac 11.000,000
Gen fd & Imp M $30,000,000 red 107 A - Usm.xc* Ar *
5g
C onvert g bonds $37,200,000 red tex t Usm.xc* Ar* . . . 1910 1,000 Ac 31,390,000 „ 4 A
1911
Sec text
New m tge $125,000,000to be auth o rized ____ . . .
Notes gold secured by dep of bonds, $25,000,000.F
1911 - ............... 15,000,000
444

1909-10.
1908-09.
1907-08.
N et e a rn in g s------------------$10,583,028 $9,507,761 $9,917,848
O ther Incom e------- ----------------------------*4,609,192
1.427.453 l .635,229
.$15,192,220 $10,935,214 511,553,077
T otal net Incom e--------------In terest on d e b t ------------------------------- $2,746,083 $2,834,434 $3,021,183
R entals p a i d ------------------------------------ 2,167,314 2,495,020 2,342.696
Taxes .
. . . ----------------------------- 1.174,924 1,067,772 1,065,726
R enewal funds, Ac---------------------------- 4,000.000 2,000,000 2,300,000
D ividends --------------------------------- (12)3.292.416|(8)2.194.000 (8 ) 2 ,194,000
Balance, surplus - - - - - - . . - - - - - - - $1,811,433 $343,044 $628,529
— (V. 90, p . 97b, 1296, 1612, 1675; V. 91. p. 93. 790, 864. 1710.)
YP'nKP^VrP^'vP.ENN SYLVA NIA .— Owns Bellefonte (Penn. RR.)
to Mill H all, P a. (Pa D iv. ofiN . Y. C. & H . R . R R .), 27.3 miles; branch,
3-4 Hiiles. C urrent liabilities’Ju ne 30 1910, $711,796. For year 1909-10,
p4; n et, $36,775; other Income, $343: charges, $26,801; surplus,
$10,317. Stk.,$000,000; par $50. Pres., W . H . G cphart.— (V.88.P.1312.)
C E N T R A L R R . O F SO U T H C A R O L I N A . — Owns from Lanes, S. (j., to
S um ter, S. C., 40.2 miles; spurs, Ac., 1.61 m .; to tal, 41.81 m . Leased to
A tlantic Coast Line R R .; rental, $31,000 yearly and taxes. Stock, $170,$50* In 1909-10, rental, $31,000; general expenses, $255; Int.,
$18,000; divs. (7.8% ), $13,260; balance, deficit, $515.— (V. 64, p. 887.)
C E N T R A L R Y . O F SO U T H C A R O L I N A .— ( V . 8 2 , p . 927.)
C E N T R A L V E R M O N T R Y . — O perates from Rouse’s P oint, a t north end
of Lake Cham plain, to New London, Conn., with branches, 536 miles In all,
of which 160 miles leased, viz.: New London A N orthern (see th a t co.), 121
miles; M ontvllle B ranch, 3; W est R iver R R .. 36 m . V. 6 8 . p. 1076.
S E C U R IT IE S , Ac.— The G rand T runk R y. holds $2,185,100 of the $3,­
0 0 0 ,0 0 0 stock, and under a traffic con tract will m ake good any deficiency
in earnings to m eet Interest on the new firsts up to 30% of G rand T runk
gross receipts from traffic interchanged. Form of guaranty, V. 85, p. 283.
C entral V erm ont T ransportation guaranteed 5% bonds, V. 8 8 , p. 1252.
E A R N IN G S — 8 m o s .J 1910-11.............Gross. $2,605,621; net, $571,241
Ju ly 1 to Feb. 28. (1909-10______ Gross, 2,503,970; n et, 589,927
R E P O R T .— F or year ending June 30 1910, V. 91, p. 1324.
Year.
Gross.
Net. Other Inc. Charges. Im p ts.,A c. Dal Sur
1900-10. .$4,088,411 $872,355 $42,789 $827,739 $62,631 $24 774
1908-09-- 3.795,332 822,505 32,108 821,221
30,275
3 ; 117
O F F IC E R S .— Pres., Charles M. H ays; Clerk and T rcas., VV.II. Chaffee
S t. A lbans, V t.— (V. 89, p. 1223; V. 91, p. 1253, 1324.)
*
C H A R L E S T O N T E R M I N A L C O .— R O A D .— Owns term inal road in
C harleston, S . C., 5.02 miles; track laid w ith 60-lb. steel.
Com pany also owns 14 wharves, 30 warehouses, about 30 acres of land
4 cotton com presses, A c., on the city ’s w ater front, these being connected
by Its own road w ith the other railroads entering the city. V .77, n. 298
148. Stock, $200,000, owned Jointly by A tlantic Coast Line R R . and
Southern R y., which agree to m ake good any deficiency In Interest on oonds.
. rtF £ £ ;N.I NGS — Gross, year ending June 30 1909. $181,282; net Income
$91,618; ln t. and taxes, $47,421; bal., su r., $44,197.— (V. 77. p. 146.)
H ESTON U N IO N ST A T IO N C O . — Owns passenger station a t
Charleston, S . C., used by A tlantic Coast Line and Southern R y., which each
owns one-half the stock and guarantees the bonds, p. & i., by endorsem ent.
R ental covers interest on bonds and 4% on stock. V. 84, p. 50.
C H A R L E S T O N & W E S T E R N C A R O L I N A R Y .— P o rt R oyal, S. C., via
A ugusta, G a., to S partanburg, S. C., 245 m .; branches to Anderson and
Greenville, S. C., 94 m .; leased, 2 m .; total, 340 m. E ntire stock and por­
tion of Incomes owned by A tl. Coast Line Co. V. 6 6 , p. 38. 335. Div on
incomes, 2% 1903-04, 3% 1904-05, 5% 1905-06; none since to O ct. 1910.
STO CK.— $1,200,000; par, $100. See A ugusta Term . R y. V. 6 6 , p .3 8 3 .
E A R N IN G S .— 8 m o s .,/1910-11---------Gross, $1,289,981: n et, $424,096
Ju ly 1 to Feb. 28. 11909-10______Gross. 1,051,051; net, 295,719
R E P O R T .— F or y ear ending June 30 1910, gross, $1,570,432; net, after
taxes, $398,202; other income, $32,935; interest on bonds, $172,000; rentals
and other charges, $21,923; bal., sur., $237,214. Pres., J . B. Cleveland.
S partanburg, S. C.; Sec., R . D. Cronly, Petersburg, V a.— (V. 73, p. 1207.)
C H A R L O T T E JM O N R O E & C O L U M B IA R R . — Owns McBce, S. C.. to
5VJS?* i n N ov- 19 0 9 ° h,° parties secured control. Stock,
1 A 8 « i ? r t S ^ ? i5 °3o ,Yl ar,endln8: Ju n e 3 ° 19l°- Sross* 515,908; net, $7,808;
ln t. and taxes, $4,281; bal., sur., $3,527. P res., Loran A. K err; Sec. and
T reas., W. S. Blakency. Office, McBee, S. C.— (V. 89, p. 1346.)
C H A T E A U Q A Y & L A K E P L A C ID R Y .— (See M ap Del. & H udson.)—
O perates from 1 lattsburg, N . Y ., to Lake Placid, 80 miles, of which P lattsburg to D annem ora, 16 m ., is leased a t nom inal rental from S tate of N. Y.
Stock, $3,450,000, of which $3,000,000 Is 4% pref., the latter all owned
D- *
.V , 8 4 'P '° 0 . Leased to the Delaware A Hudson until Dec. 31
2403, any balance over expenses of operation, interest, taxes, m aintenance,
dam ages, dividend on pref. stock, Ac., to go to the lessor. The lease is
subject to revision a t 5-year Intervals. There are also $24,000 Saranac A
Lake Placid 2d os due N ov. 1 1913.— (V. 81, p. 613; V. 84. p. 50, 930.)
^ C H A T T A H O O C H E E & G U L F R R , —Columbia, A la., to Floralia, 92 m .
L EA SE .— Leased in 1900 in perpetuity to Cent, of Georgia R y. ror
on
$436,400 stock and $325,000 bonds, of which 1% to be used as a ‘••inking
fund for retirem ent of bonds, upon com pletion of which rental will be 5 % on
stock, payable J -J. Sec Cent, of Ga. R y.— (V. 81. p. 1722; V. 87, p. 1663.)
C H A T T A H O O C H E E V A L L E Y R Y .— Standing Rock, Ga., via W . P oint,
to Jester, A la., 32.5 m. Stock au th ., $1,000,000; Issued, $110 000- par.
$100. Bonds, seeJiitable above. For year 1909-10. gross, $97.74{)’ net,
after taxes, $35,082; interest on bonds, $12,271.
C H A T T A N O O G A S O U T H E R N E R . — See Tennessee A labam a & Ga. R R .
C H A T T A N O O G A S T A TIO N 1C O . — Owns union passenger station opened
Dec. 1 1909 and approaches a t C hattanooga, T enn., used bv the Southern
R y., C entraliof Georgia, A labam a G reat Southern and Cln. N . O . & Texas




M
J
.1
M
E FM
A
M
.1
J
J
J
.1
gF
gJ

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

N May 1 1939
J Jan 1 1989
J July 1 1940
8 Mch 1 1941
S Mch 1 1992
A Feb 1 1945
O Oct 1 1915
N Nov 1 1940
D June 1 1945
D June l 1944
J July 1 1946
J July 1 1936
J Jan 1 1929
A Feb 1 1930
20 years
D June 1 1914

32 N assau S t, New Y ork
S tate T ru st Co, Boston
Amer T rust Co, Boston
T ru st Co of Am erica, N Y
In default
Office, 71 B roadw ay, NY
J P M organ & Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
Cent T r & S Dep Co Cln ()
J P M organ A Co, N Y
do
do
do
do
do
do
do
do
do
do

Pacific, which each owns one-fourth of the stock and guarantees the bonds
Jointly and severally, p. A 1., by endorsem ent. R ental covers bond interest
and 4% on stock.— (V. 84, p. oO.)
C H E S A P E A K E & OHIO RY.— (See M a p .)— O perates from N ew port
News, Va., and W ash., I). C., to Cln., O ., and Loulsv., K y., with branches.
.............by stock—
‘
Lines owned in fee —
M iles. ~Controlled
M iles.
Ft.M onroe,V a.,toC ovington,K y. 663 Bridge—Covington-Cincinnati _ 2
R ichm ond via Lynchburg, to
Virginia Air L ine______ ______
30
Clifton Forge, V a____________ 230 Lines leased—
Branches in Va. and W. V a__ 532 S undry branches leased_______ 21
D enton, K y., to L exington___ 103 Trackage to Louisville................. 84
Big Sandy J e t. to Elkhorn City,
Trackage to W ashington, D. C_ 85
with b ranch_____________
O128
ther trackage............................... 31
B ranches in K entucky__________ 55
Second track (338 ow ned)_____ 4 37 1 Total system June 30 1910--1,939
Also controls Hocking Valley, 350 m .; Ghcs. A Ohio R y. of Ind., 284 m .,
and K anaw ha A Mich, (jointly w ith Lake Shore), 176 m.; also owns oncslxth interest in the R ichm ond-W ashington Co. In Dec. 1910 purchased
the K anaw ha Bridge A Term inal Co. V. 91. p. 1629.
H ISTO R Y , Ac.— In 1888 reorganized w ithout foreclosure. The stock­
holders voted O ct. 19 1909 to purchase the Coal R iver. Raleigh A S outh­
w estern and Virginia A ir Line railw ays. V. 89, p. 720. In Ja n . 1909 a
syndicate headed by Edw in H aw ley acquired about $24,000,000 stock,
giving them virtual control. V. 88, p. 294. Owns $7,501,800 of the
$11,000,000 Hocking Valley com mon stock. Including $6,347,800 acquired
In Mch. 1910; also $4,027,100 of the $9,000,000 K anaw ha A M ichigan stock,
the Lake Shore purchasing the sam e am ount. V. 90, p. 771, 849, 977:
V. 91, p. 802, 1095. In June 1910 the Chic. Cln. A Lou. (284 m ., Incl. 18
miles trackage) was acquired a t foreclosure, the Chesapeake A Ohio R R .
of Indiana being Incorporated in Ju ly 1910 to take over the road; Its entire
$3,000,000 stock and $8,200,000 bonds are owned and held in treasury
of Chcs. A Ohio R y. The earnings of the Indiana co. are included with
C. A O. since Ju ly 1 1910. V. 90, p. 1675; V. 91, p. 93, 214, 802.
STOCK.—A uthorized stock was Increased to $100,000,000 April 28 1910,
of which $37,200,000 was reserved for conversion of 4 ^ s . See BONDS.
„ D IV ID E N D S.— 1899 to 1908, both incl., 1% yearly; Ih 1909, 3% ; 1910,
Me?-Ju ne, U i% . S ept., 1 >%%, Dec., 1 yK%; 1911, Moll., \ \ i % .
^ B O N D S .-A b s tra c to f consol, m tge. of 1939 in V. 49, p. 147; V. 86. p.
1588; V. 92, p. 260; of Richm ond A Allegheny m tges., in V. 51, p. 144.
The general mortgage of 1892 (Central T rust Co. and II. T . W ickham ,
trustees) is for $70,000,000, b ut additional am ounts a t $25,000 per mile m ay
be issued for double-tracking. See full abstract of m ortgage in V. 54, p.
644. In Ju ly 1910 $31,131,000 was reserved to retire underlying bonds.
General funding and Im provem ent m ortgage, sec V. 87, p. 1663; V.
88, p. 99, 157, 1312.
The stockholders voted April 28 1910 to authorize an Issue of $37,200,000
20-ycar 4 ^ % convertible gold bonds, of which $31,390,000 has been sold,
to provide for purchase of m ajority stock of Hocking Valley R y., half­
interest in m ajority stock of the K anaw ha A Michigan, equipm ent, im prove­
m ents, working capital, Ac. The bonds are redeem able after 1915 a t 102 A ,
and convertible a t par, at the option of the holder, Into stock between
M ay 1 1911 and Feb. 1 1920. The new m ortgage to be authorized April 29
1911 will, as to lines owned In 1910, secure equally the convertible 4>aS.
V. 90, p. 771, 848; V. 91. p. 870. 945, 1159, 1574.
The shareholders will vote April 29 1911 on authorizing a new m ortgage to
secure an Issue of not exceeding $125,000,000 20-ycar gold bonds, bearing
Interest a t rates not to exceed 5% . The new bonds will provide for exten­
sions and Im provem ents and the retirem ent of certain equipm ent and other
obligations, Including the $11,000,000 “ general funding and Im provem ent”
bonds and for other corporate purposes. It will be a first lien on certain
securities now in the treasury, including all of the bonds and stock of the
Ches. A Ohio R y. of Indiana, owning 261.7 miles of road; a general lien
(subject to prior liens and upon a p arity with the convertible bonds on the
lines owned April 28 1910) upon the property now owned and become a lien
upon any property acquired by the use of the new bonds. V. 92, p. 880.
, I" April 1911 sale was arranged of J16.000.000 3-year -I H% notes (part
of $25,000,000) secured by a block of above new bonds taken a t 87 A .
Louisville & Jeffersonville Bridge.—See separate statem ent for th a t co.
,In 9nrw
^ $1,000,000 'are
4s of
19" \ guaranteed
prin.
t., andents.
assumSec
ed
1902-04,
reserved
for extensions
andand
Im ln
provem
guaranty, V. 72, p 626; see also V. 71, p. 554. 602; V. 79. p. 915. Of the
oo of
rem aining $229,000 Is reserved for extensions. V. 79.
nnnvY* 1418.
G uaranty,
V. 81,for
p. 668.
Of the $3,000,000
Coal?7»,p
River’ 2?6
4s *of4 I41905,
$550,000
Is reserved
exten­
sions and Im provem ents. V 80. p. 2219; V. 83, p. 693; V. 89, p. 720.
P aint Creek B r. 4s $211,000 reserved for extensions. V. 81. p. 974, 910.
Raleigh A Southwestern 4s, V. 84, p. 1114; V. 89, p. 720.
Car Trust 4% Gold (Denomination $1,000 each).
Series. Dale.
Outstanding.
M ature in Installments.
“ A ” 1901............................$100,000
A ug. 1911
L ast Installm ent.
" B ” 1902-------------------- 200,000
A
ug.
15
1912 L ast Installm ent.
“ C” 1 0 0 2 ...............
isoiono
S ept. 1911-Sept. 1912 $50,000 s.-a
Aug. 1911-Aug. 1913 200.000 yrly
“E
1003-------------------- 300,000
Ju ne 1911-Dec. 1913 50,000 s.a.
"F
1004-------------------- 280,000
Ju ne 1911-Dec. 1914 35,000 s.a.
Q , JOOp ----- -------------- 720,000
()c t. 1911 - Aprll 1915 90,000 s.a.
“ II 1006-------800,000
O ct. 191 l-A prll 1916 80,000 s.a.
••I” 1006-------------------- 550,000
Ju ne 1911-June 1916 50,000 s.a.
J ” , 006-------------------- 1,045,000
A ug. 1911-Aug. 1916 95,000 s.a.
K , 1006------- -------- - - - 060.000
A p r.15 ’ 11-O ct. 1916 80,000 s.a.
{*’ 1007-------------------- 1,346,000
Ju ly 1911-Jan. 1917 113,000 s.a.
Aug.
1911-Fcb. 1917 112,000 s.a
M
1907-------------------1.344,000
"M . R . Co." 1910______ 220,000
______,
To
May .1 1915
M ero.Tr.Co.'10, J2 ,170,000 as collateral To Nov, 1 8 1911.
None of the C. & O. eq. corp. notes (5% ) were outstanding In Dec. 1910
Interest paid sem i-annually as Indicated by m aturity date: “ A " and "II"
a t G irard T rust Co.. Phila.; "C ." " E " and " F ” a t offloe of B lair A 0 •.
N. Y.: " IV "G .” and “ II" a t Fidelity T rust Co., Phila.; " I ," " J ,.......I,"
and <i.\t a t Blair &JCo.; "K " a t G uaranty T rust Co.

.. um.j

RAILWAY STOCKS AND BONDS

o»
<N




30

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
fFor abbreviations, *fee., see notes on irst page]

Miles Date
Road Bonds

A m ount
P ar
Value Outstanding

Rate
%

[Y o l . l x x x x ii,

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

C hesapeake & Ohio— (•Concluded)
Guaranteed bonds—
E levator Co 1st m tge gold prln Sc Int guar._Ce,c*
4 g A Sc O Oct 1 1938
1888
$ 1 ,0 0 0 $820,000
Second m tge for $500,000 Income non-cum ............c*
4
O ct 1 Oct l 1988
450,500
1888
1,0 0 0
Louis Sc Jeff Bdg 1st M $5,000,000 gu p Sc l end_.c*
4 g M Sc a Mch 1 1945
1.0 0 0 a 4 ,500,000
1895
N orfolk Term Sc T rans 1st M (V 67, p 322) gu p Sc 1
F Sc A Feb 1 1948
5
500,000
1.0 0 0
1898
W estern P ocahontas Corp 1st M (V 84, p 995). . .
750,000
1905
1 ,0 0 0
4)4 F Sc A Aug 1 1945
do
do
do
Extension No 1 ..
114,000
4)4 F Sc A Aug 1 1945
1 .0 0 0
1906
do
do
do
Extension No 2
A Sc O O ct l 1946
4M
51,000
1906
1,0 0 0
Rlohm ond-W ashlngton Co (one-sixth Interest)
4 g J Sc I) Ju ne 1 1943
1903 1,000 Scc 9,500,000
Ches & O Ry of Ind— 1st M $40,006,000 auth red par Me 262 1910
.J Sc .1 Ju ly 1 1960
8 ,20 0 .0 0 0
5
1 ,0 0 0
H oosler equipm ent 1st M Series A assu m ed .. _BB
Sc J July 1911-1912
10 0 ,0 0 0
5
,1
1902
1 ,0 0 0
Ch C Sc L Equip trusts assum ed p art $30,000 yearly
5 g J Sc D To June 1913
90,000
1903
1,0 0 0
Ch C Sc L m iscellaneous equipm ent tru s ts __
264,982 4 Sc 5 Various
Chesapeake W estern—C Sc W R R 1st M g o ld ..
N
6 6 6 ,0 0 0
5 g F Sc A Aug 1 1945
27 1896 500 &c
Chesapeake W estern R y m tge $1,435,660 g. Ea.c*
1,419.000
4 g A Sc () Oct 1 1951
41 1901
1 ,0 0 0
C hesterfield & Lancaster— 1st M $750,000 gold. K.c*
176,000
5 g 1*’ Sc A Aug 1 1955
36
1905
1 ,0 0 0
C hestnut Hill RR—Stock rental P Sc R Ry_
Q—M Mch 4 1911, 1 K T reasurer’s office. P hlla
195,650
6
50
4
Chicago & Alton RR—Common stock............
10 0 19,542.800 See tex t. F Sc A Feb 15 ’10, 2%
Preferred stock 4% n on-cum ulatlvc..
Sc .1 Jan 16 1911,2%
10 0 19,544,000 4 In 1910 J
4% cum ulative participating and prior lien stock
879.300 Sec text. J Sc J Jan 16 ’l l , 2%
10 0
Chic & Alton R R (old) ref M g (see text) IC .x c'& r’ 889 1899 1,000 Sec 45,350,000
3 g A Sc O Oct 1 1949
F irst N ational B ank.N Y
F irst lien (old Ry) M sublcct to call at par F.c&r 943 1900
2 2 ,0 0 0 ,0 0 0
Sc .J July 1 1950
.1
D ebentures J2,0i)0.000 auth sublcct to call
Co
53)4 8 .1 Sc D June l 1922
1907
1 , 6 6 6 .0 0 0
00
Wail S treet, New York
M Sc a Mch l 1930
Im p t and equlpt M 518,000,000 red 107H a ft 1015 All 1910
5
1,0 0 0 As collat.
Secured gold notes convert red te x t.
M Sc a Mch 15 1913 60 Wall S t, N Y
2,500,000
5
1910
C & A Eq Assn ctfs Her A B * C g gu 5100.006 s-a Me
1,290.000 4 Sc 5 g Various To Nov 1915 M ercantile T rust Co, N Y
1905
1 ,0 0 0
1906
1 ,0 0 0
1,243,000
4 g J Sc D June ’l l - J ’ne’16
do
do
Scr D g gu due $113,000 s-a. Me
do
do
Sc N May ’ll-N o v ’18
1 .0 0 0
do T rust 582.000 Her E due s-a .............. Me
1908
1.312.000
do
do
4M e M
2 0 0 ,0 0 0
F1 Sc A To Feb 1919
1,0 0 0
do T ru st Ser F $13,000 due s-a __________
1909
do
do
4)4
1 ,0 0 0
722,000
do
Ser G gu red 101 due $72,000 an.P eP .c*
1910
5 g A Sc O To Oct 1 1920 Penn Co for Ins, A c,Phlla
May 1 1911
1,750,000
K ansas City St Louis & C preferred stock g uar____ 162
10 0
6
do
do
— i Apr
1 1911
J) —J
10 0
1,500,000
7
Joliet Sc Chicago 7% stock perpetual guar by C Sc A
37
do
do
F Sc A Feb 1 1911
do
do
10 0
329,000
Louisiana Sc Missouri guaranteed preferred stock..
10 1
7
100 110,839,100 8 In 1910
Q—J Apr 1 1911 2% N Y, Boston A Chicago
M Sc S Mch 1 1958
4
Bank of Commerce, N Y
Gen m tge $360,000,000 lawful m oney____Cc.c*&r* 8,599 1908 l 000 &C 59,239,000
a G uaranteed Jointly and severally w ith Cleveland CIncin natl C hlcago Sc St Louis.
FIN A N C ES.— In Aug. 1910 filed agreem ents to secure $4,800,000 C. & 0 .
STO CK .—The cum ulative 4% participating and prior lien stock is enti­
E quip. Corp. 1-ycar 5% notes d ated Ju ly 1 1910. V . 91, i> 396. In June tled, In addition to prior right to accum ulative dividends at the rate of 4%
1910 dividend rate was Increased from 4% to 5% . In A pril 1911 arranged per annum , to receive additional dividends equal to the rate of dividends
to sell $16,000,000 3-year 5% notes. As to notes a n . new 5125,000,000 declared on the com mon stock of the consolidated com pany. In A ug. 1907
bond Issue of 1911, sec BONDS above.
the Toledo S t. Louis Sc W estern purchased from the Rock Island tile con­
trolling Interest, viz., $14,420,000 com . and $0,380,000 pref. stock. V. 8 8 .
E A R N IN G S.— For 8 m onths ending Feb. 28:
p
. 468, 529, 792. Union P ac. owns $10,343,100 pref. stk . V. 84, p. 1484.
Eight M onths—
Gross.
N et. Charges (N et). D al.,Sur.
1910-11 _______________ $22,202,476 $7,625,436 $5,050,614 $2,574,822
D IV ID E N D S.—Sem i-annual dividends of 2% on pref. and participating
1909-10 ________________ 20,584,247
8,293,663 4,110,070 4,183,593
and prior lien stocks paid Ju ly 1906 to J a n . 1911, lncl., and In A ug. 1908
Includes C. Sc O. R y. of Indiana, 284 miles, In 1910-11.
1% and In Feb. and Aug. 1909 and Feb. 1910 2% each extra on particip at­
A N N UA L R E P O R T .— Fiscal year ends Ju ne 30. A nnual m eeting Is held ing stock. DIv. on com m on, 1% , paid A ug. 15 1908; 1909, 4% (F . Sc A .);
a t R ichm ond on the Tuesday preceding the last Tuesday in O ctober. Re­ 1910. Feb., 2% ; A ug., none. V. 91. p. 214.
p ort for 1909-10 was given a t length in V. 91, p. 786, 802; editorial, p. 763.
BON DS.— First lien (old R y.) 3 H s of 1900, V. 71. p. 1021: V. 82, p . 451*
The Railroad (old) m tge. securing the 3s of 1899 will provide funds for Im­
Year ending Jun e 30—
1909-10.
1908-09.
1907-08.
Miles o p erated ______________________
1,937
1,897
1,841 provem ents and extensions. Bonds In excess of $40,000,000 were to be
Passenger earn ing s_________________ $5,002,205 $4,482,004 $5,120,529 Issuable thereunder on vote of tw o-thirds of stockholders for extensions of
Freight
24,901.200 20,8X5,511 19,571,609 not over 500 miles m ain track, a t n ot exceeding $20,000 pre mile, to fund
E xpress, m all and m iscellaneous_____ 1,333,764 1,263,201 1,151,134 leased line rental obligations and for future betterm ents not to exceed
$5,000,000, a t not over $1,000,000 per annum , from Ja n . 1 1900. In Ju ly
Total earnings..................................... .$31,237,160 $26,630,717 $25,843,272 1910 $45,350,000 were outstanding. V. 69. p. 178; V. 69, p. 26, 129, 541:
V. 70. p. 429. 739, 995: V. 79. p. 2 1 1 .967; V. 84, p. 480, 507, 626, 80.3, 809;
O perating expenses_________ _____ 18,936,699 16,366,837 17,186,747
V. 8 8 , p. 99. 293. Jo in t equip, notes, $38,000, 1911 to Dec. 15 1912.
In Mch. 1910 $2,500,000 3-year 5% secured notes were sold, secured by
N et earnings_______________________ $12,300,470 $10,263,879 $8,656,525 deposit
“ equipm ent and Im provem ent” 5% bonds. Into which
O ther Incom e_______________________ 1,161,365
708,863
762,832 the notesof $3,500,000
are convertible a t par. Notes are subject to call a t p ar after
T otal net Incom e_____________ .. .$13,461,835 $10,972,743 $9,419,357 March 15 1911. (V. 90. p . 697, 771. 1296, 1424.)
for which the $18,000,000 New E quip. & Im p . Bonds are Issuable
In terest on bonds, rentals, &c — . . . $6,297,605 $7,183,416 $6,868,510 Purposes
be Issued pledged as collateral for $2,500,000 note issue--------- $3,500,000
873,744
801,600
791,060 To
T a x e s ______ ______ ______ _____ . . .
To retire 60% of equipm ent trusts m aturing In 1910-19-.............. 2,940,000
212,449
634,327 To
E xtraord inary expenses________ . . .
retire 15-year 5% debenture bonds............ .................................... 1,666,000
D ividends--------- -------- --------------- (4^)2,668,617 (2)1,255,814 (1)627,907 B etterm
ents, &c., but not exceeding $3,000,666 to Mch. 1913-- 9,894,000
Balance, su rp lu s______ ______ ____ $3,621,869 $1,519,464 $497,553
LA TEST E A R N IN G S.— / 1910-11--G ross, $9,976,810; n et, $2,307,979
O FF IC E R S.— Pres., George W . Stevens, R ichm ond, Va.; 1st V .-P., 8 m os., July 1 to Feb. 2 8 . 1 1909-10.-Gross, 9,201,832; n et, 3,058,595
D ecatur A xtell; V .-Ps., C. E . Doyle, H . T . W ickham and F . M. W hitaker;
R E P O R T .— For year ending Ju ne 30 1910 was In V. 91, p. 1154.
Sec.-T reas., Jam es S tcu art M acKle; Com ptroller, L . F . Sullivan.
1909-10.
1908-09.
D irectors— F rank T rum bull, Chairm an; Edw in H aw ley, Frank A . Van- Gross earnings....................................................................$13,358,475
dcrllp, T . P . Shonts, II. E . H untington, F . W. .Scott, D ecatur A xtell, O perating expenses______________ ______________ 8,640,207 $12,500,682
7,408,598
George W . .Stevens and Jam es H . Dooley. N. Y. office, 71 B’vvay.— (V. 91,
p . 1574, 1629. 1765: V. 92, p. 117, 260, 394, 525, 880.)
$4,718,268 $5,092,084
Net earnings___________________
. $4,704,200 $5,186,101
C H E S A P E A K E & O HIO RY. O F IN D IA N A .— Owns C incinnati, Ohio, to N et Incom e________________ _____
, . 443,169
367.537
Indlana-U llnois S tate line, 261.66 miles; leases H am m ond Belt R y., 3.04 m .; Hire of equipm ent and ren ta l____
_ 447,434
380,163
trackage rights, 19.97 m .; total operated, 284.67 miles. Incorp. In Indiana T a x e s ___________________________
_ 2,457,995
2,531,126
Ju ly 2 1910 as successor to Chicago CIn. Sc Loulsv. R R .t sold In foreclosure Interest on bonds, Sco ____________
. _ 241,024
241,024
Ju ne 23 1910. V. 91, p. 93, 37; V. 90, p. 1675, 1424, 1362. Stock a u th .. Dividends on guaranteed sto c k s..
42,596
291,065
iscount on securities w ritten off.
$3,000,000, and bonds, $40,000,000, d ated July l 1910 (present Issue DDividends
. (6% )52,758 (8% )70.344
on prior lien stock_____
$8,200,000), all owned by Chcs. Sc O hio., and to be deposited under Its new
_ 781,760
781,760
m ortgage to be authorized April 29 1911. Earnings Included In Chcs. & Dividends on preferred stock (4%)
.(2% )390,850 (4% )781.712
D ividends on com mon stock ............
Ohio. V. 91, p. 802. Suit, V. 91, p. 870.— (V. 91, p. 870.)
C H E S A P E A K E W E S T E R N R Y — Owns N orth R iver Gap. V a., to
Balance, deficit............ ........................... ..................... $153,386
$258,G20
Bridgew ater, 14 m .; leases for 99 years from M ay 1 1902 Chesapeake Sc
O FF IC E R S.— Chairm an of Board, Thom as H. H ubbard; P res., Thco. p .
W estern R R ., B ridgew ater to E lkton, 27 m .; to tal, 41 m. Projected to tide­ Shonts;
Edwin Hawley, Geo. II. Ross and W . L. Ross; Chairm an
w ater on Chesapeake Bay, and westerly Into W est Virginia coal fields, of ExecutiveV .-P.,
Com m ittee, Thos. II. H ubbard; Irens., r . .I I . Davis; See. and
which 14 m ., from Bridgew ater to N orth R iver Gap, Is com pleted. In 1908
T rcas., J. S teu art MacKle; Gen. M gr., Frank W . Morse.
all the stock and bonds were acquired by W . E . I). Stokes. V. 8 6 , p. 1041. A sst.
D irectors.— F. P . Frazier, J . J . M itchell. Edw in Hawley, Thom as II.
Stock authorized, $50,000,000; outstanding, $1,419,600; of widen $608,­ H ubbard.
Theo. P . Shonts, Geo. H . Ross, Jo y M orton, 1'. H . Davis, Edw ard
400 Is pref. Chcs. Sc W est. R R . has $533,500 common and $31,300 pref. Tlldcn,
W m . G. Beale and H . E . H untington.— (V. 92, p. 394.)
stock outstanding. C. W . Ry. m tge. of 1901, V. 73, p. 899, 1356. Year
ending Ju ne 30 1909 (41 miles), gross, $80,011; net, $13,982; other Income,
CHICAGO
URLINGTON & QUINCY RR.
i U ()A V; O p ­
$34,125; In t. on bonds, $56,760 (not paid); taxes and rentals, $38,189; bal., erates a great Bsystem
extending from Chicago westerly,
reaching S t.
def., $46,842. Pres., W . E . D. Stokes, The A nsonla, N. Y.; T rcas., W. H. Paul and Minneapolis,ofMroads
inn.;
S
t.
Louis
and
K
aM
aa
C
ity,
Mo.;
O m aha, Neb.;
H all.— (V. 78, p. 2383; V. 8 6 . p. 980. 1041, 1284.)
D enver, Col.; Cheyenne, W yo.; Black Hills, S. D ., and Billings, M ont. The
C H E S T E R F IE L D & LANCASTER R R — Owns Chcraw, S. C., to Page- accom panying m ap shows clearly the system , viz. (in miles):
land, 38 miles, an extension of 18 m . from R uby tow ards L ancaster being Lines east of Missouri R iver___ 4,3501 Lines leased- ------------------------ 215
com pleted Ju ly 1907. Bonds (lim ited to $750,000) are Issuable a t $5,000 Lines west of Missouri R iver 4,402 N arrow-gauge lines------------------ 73
per mile. V. 81, p. 1790. There were Ju ne 30 1908 $67,000 debenture 6 s
Total operated June 30 191 0 ................— 0, 040
outstanding. Stock, $500,000, a m ajority being acquired In Ju ne 1909 by
In Dec. 1908 $23,657,500 of the $31,000,000 Colorado & Southern com.
the Seaboard Air Line R y.; par, $25. F or year ending Ju ne 30 1910, gross.
(practically a controlling Interest) was acquired, affording connec­
$70,984; net, $33,866. In 1908-09, gross, $o4,247; net, $ 19,949; charges (?). stock
tions w ith the Gulf of Mexico, the C. Sc S. system Including trackage aggre­
P res., L . G. H aas; T rcas., R . L. N u tt.— (V. 89, p. 40.)
2,769 miles. V. 87. p. 1663: V. 8 8 , p. 157, 685. Extension from
C H E STN U T H IL L R R .— Owns from G erm antow n to C hestnut Hill, P a., gating
K irby to Thermopolls, W yo., 11 miles, was opened May 1910, and a further
4 m .; being double-tracked M ay 1902. Rc-Icased in 1896 to Phlla. Sc Read, extension
94 miles to the Powder R iver Is under construction, In addition
R y., the rental being reduced from 12% to 6 % on stock, the latter being In­ to 36 milesofScribner
to From bcrg, M ont., and 2o miles H udson to Greeley,
creased In June 1902 from $120,650 to $195,650.— (V. 75, p. 76.)
Col. Lincoln to Cobb, N eb., 7 m ., added Juno 1910; H errin to M etropolis,
CHICAGO & ALTON R R . — (See M ap Toledo S t. Louis & Western.) — 54 m . (38 constructed, 16 leased), p u t In operation O ct. 1910.
R O A D .— Chicago to S t. Louis, K ansas C ity, &c., In all 998 miles.
ORG AN IZA TIO N, Sec.—'This was a consolidation In Ju ly 1875 of the
Road owned—
M iles. Road owned—
M iles. Chicago Burl. & Quincy In Illinois and the B urlington Sc Missouri R iver In
Chicago to E ast S t. Louis, 111____ 280 Mexico, Mo., to Cedar City, M o._ 50 Iow a. Num erous subsidiary and other lines have since been merged In
Sherm an, III., to Grove, III_______ 51 Roodhousc, 111., to K an. C., M o ..251 the C. B . Sc Q., am ong them Chicago B urlington Sc N orthern, K ansas City
E ldrcd to B a rn e tt........................... 49 Bloomington to W ann, via Jack­
S t. Joseph Sc Council Bluffs, H annibal Sc S t. Joseph, Burl. & Missouri, Sec.,
Coal City Line, In d ______________ 27 sonville, Godfrey and U pper
City Sc W estern R y.. 229 m ., was merged Dec. 1908. V. 87, p. 347.
D w ight, 111., to W ashington and
A lton (all In Illinois)__________ 158 Sioux
In 1901 $107,613,500 of the $110,839,100 stock was exchanged for the
Lacon, 411.--------------------------- 81 Trackage to Peoria, 111., ScC............. 17 Joint
20-ycar
4% bonds of the G t. N orthern and N orthern Pacific, secured
lies to M urrayvlllc. 111___________34
by the deposit of the stock In trust, on the basis of $200 In bonds for $100
T otal owned and operated Ju ly 1 1910 (210 m . double track ed )______ 998 stock.
See
circular.
V. 72, p. 871, and application to list, V. 73, p. 293.
Also operates, Jointly with Clev. Cln. Ch. Sc S t. L ., from W ann to E ast
description of bonds under G reat N orthern.
S t. Louis, 18 m ..a n d . w ith A tch. T . Sc S. Fc, from Joliet to Pequot, 20 m . andCAPITA
STOCK.—The stock has been Increased for the acquisition of
The stock of the Peoria R y. Term inal Co. Is owned by the Chicago Sc A lton new lines, Lretirem
ent of over $15,000,000 convertible debentures, &c.; In
and Chic. R . I. Sc Pao. R y., which guarantee the first m tge. bonds ($1,500,­ 1880 a 2 6 % distribution
was m ade. See “ O rganization” above.
000 a u th . issue) and $280,000 2d m tge. bonds. V. 81, p. 1099; V. 83, p.
DIVS. \ ’98. *99 to S e p t.’01. ’0 2 to J u ly '07. O c t.’07. ’08 to April 1911.
752, 1171, 1291; V. 84, p. 451: V. 85. p. 159.
6 yearly.
7 yearly.
8
8 y ’ly(Q-«QIn O ct. 1910 acquired the Toluca M arquette Sc N orthern R R ., R utland P e r c e n t/ 5M
to M cNabb, 111., 20.8 m .; M cNabb tow ard Granville, 111., 4.28 m .; Broadus
BONDS.— In April 1909 the holders of bonds of various Issues (marked
to H enry, 111., 5 m ., &c.; to tal, 31 miles. V. 91, p. 1024.
“ x” above) were oiTcrcd the option of exchange for general m ortgage 4%
O R G A N IZA TIO N .—The (old) railway com pany was organized In April bonds on certain term s. V. 8 8 . n. 1060, 1127, 1559; V. 89, p . 40. 720,
1900 and purchased substantially all the stock of the Chic. Sc Alton R ailroad. 1141. The general m ortgage bonds ($300,000,000 auth . Issue, interest not
T he two were consolidated In 1906 per plan V. 82, p . 451. the R ailw ay to exceed 5% )nre a first lien on about 3,401 miles of road ,an d on retirem ent
changing Its nam e to the C. Sc A.. Railroad. V. 82, p. 160; V . 70, p. 6 8 6 , 995. of the outstanding underlying bonds, for which bonds arc reserved as below



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32

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, Ac., see notes on first page]

M iles Date
Road Ronds

Chicago B urlington & Quincy (Concluded) —
Illinois Dlv first m ortgage! $85,000,000 currency
(V. 83, p. 625; V. 69, p. 283) / redeem at 105. NB 1,648 J1899
11899
Sinking fund Iow a Dlv 5s (coll trust) draw n a t 105
Sinking fund m ortgage 4s draw n a t 100________ cAr 891 /\ 1879
1879
Sinking fund 4s (So W Dlv) draw n a t 100. . c* Ar
1881
D enver exten (coll tr) bonds s f draw n a t 100-NB.o* 370 1881
xD ebentures for H annibal A S t Joseph stock
c*
xN ebraska ext $20,000 p m (s f not draw n) .N B .c'& r 1,471 1883
1887
xB A Mo R R In Nebl Land gr s f draw n a t 100. NB
1878
xCons M $14,000,000/ do draw n since 1908 } ” J11878
K ansas City S t Joseph A Council Bluffs—
1st m tgs Nod A T ar Val HRs s f (drawn a t par) c*
59 1880
xRep Val 1st M guar (red a t par) s f $14,000 yrly c
90 1879
Chicago & E III— Pref stock 6% non-cum ($ 10,000 p m)
D anville & G rape Creek H R — 1st M assum ed
c*
1880
F irst m ortgage extension________
c * ~149 1881
C onsolidated m ortgage (for $5,948,000) goldl’ Ce’o* 191 1884
C ollateral tru st bonds sinking fund _
c*
1887
General consol and 1st M $30,000,000. _"I.‘Cercv &r
1887
Chic A Ind Coal— 1st M $25,000 p m assum__i>ln.c* 817
1885
176
Evansville T erre H aute A Chicago Income m ortgage
Refund A Imp M (text) g red a t 102 K ..B a,xc*& r* 817 1881
1905
Car trusts Including in t Apr *11 due $10,921 m tlily
1903
E quipm ent bonds Series C & D due $68,000 sem i-an
1905
•
do Scries E due $125,000 s-a (V 81 p 1043) .B a
1905
■
( o Series F due $220,000 s-a (V 82 p 7 5 0 ).. Ba
1906
1907
■ . d<L Series G due $124,000 s-a (V 86 p 1284).Ba
Chicago & Eric— 1st M g Int guar till prin pald__Ce.c* 249 1890
Incom e bonds for $10,000,000 5% non-cuni_____N 249 1890
Term inal first m ortgage gold_______________ ______
1888
Chicago & G rand T runk—See G rand T runk W est Ry
Chicago G reat W estern —
Common stock $46,000,000...........................................
b $725,000 and c $6,581,000, canceled, n ot Included d $2,4 31,000;
i $64,000; k $645,800. x Sec option of exchange for genera 1 M 4s
i Of which In treasury Dec. 1910, $2,000; • 51,277 000.

A m ount
Par
Value Outstanding
$1.000Ac $49,650,000
1.000 &c
1,000
1,000
1,000
100 Ac e7.310.200
8,510,000
1.000
1.000 Ac f23.134,000
600 Ac 213,345.200 /
600 Ac
t
1,000
183.000
600 Ac k932,800
100
8,830,700 6
1,000
97.000
t ,000
91.000
1,000
2.736.000
1,000
27.000
1.000 Ac 19,855.000
1.000 4.626.000
1,000 H 50.000
1.000 Ac 515,132,000
251.195
1.000
544.000
1,000
1.125.000
1.000 2.200.000
l ,000 1,612,000
1.000 ,000.000
l .000 Ac 12
10, 000,000
300.000

Rate
%

[VOL. LXXXXH.

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

3 H J A J Ju ly 1 1949
Bank of Com N V; A Bos
4
J A J July 1 1949
do
do
5
A A C ct 1 1919
do
do
4
A A O OOct
1
1919
do
do
4
M A vS Sept 1 1.21
do
do
4
1’’ A A Feb 1 1922
do
do
M A N May 1 1913
5
do
do
M A N M ay 1 1927
4
do
do
A
J
J
Ju
ly
1
1918
Bank
of
Commerce,
Bost
r>
J A J July 1 1918
6
do
do
7
J A D June 1 1920
Second N at B ank,B oston
6
J A J Ju ly l 1919
Bank of Commerce, Bost
In 1910 Q—J A pr 1 1911
H anover N at B ank, N Y
M A N May 1 1920
6
Central
T ru st Co. N Y
6
.1 A 1) Dec 1 1931
Fourth N at B ank, N Y
8 e A A O O ct 1 1934
C
entral
T
rust Co, N Y
F
A
A
Feb
1
1912
0 e
do
do
5
M A N Nov 1 1937
„
do
do
5
J A J Jan 1 1936
M
etropolitan
T
r
Co,
NY
6
M A N M ay 1 1920
Farmers*
I,
A
T
r
Co. N Y
4 g J A J Ju ly 1 1955
B ankers’ T rust Co, N Y
To April 5 1913 F irst N at B ank, Chicago
4M J A J To Jan 1 1915 Blair A Co, New York
do
do
4)4 g F A A Aug '1 1-Aug ’15
do
do
4 >5 g F A A Aug ’11-Feb ’16
5 g A A () Oct ’11-Oct ’17 Bankers* T ru st Co, N Y
E ric R ailroad, New York
5 g M A N M ay 1 1982
O ct 1 1982
t
Eric R ailroad, New York
5 g J A J Ju ly 1918

100 45,246.713
e $4,461 200; f $6,3 07,000 In sinking f und (canceled); g $9,251,600;
V. 88. P. 1060, 11 27. 155!): V. 89. D. 40.
T M ostly owned by Eric R ailroad

noted, will be a first Hen on the entire mileage owned, aggregating 8,599 sented thereby. V. 75, p. 289, 393, 1031; V. 82, p . 48. A m ajority o*
miles. The generals have been issued or arc Issuable as follows (sec V. com mon stock tru st certificates were In 1905 exchanged for certificates In
86, p . 1342. 1466; V. 88. p. 504. 685: V. 92, p. 525):
each, representing 4 shares of com mon stock, bear­
Reserved to retire outstanding bonds of previous issues aggre­
ing 4% Int., and payable In 1942 a t face value. See form , V. 80. p . 1856.
gating $167,565,000 (of which $17,428,300 were held In
various sinking funds, $17,171,000 having been retired In
D IVS. (% )— | ’00. ’01.
*02.
’03. ’04. ’05.
*06.
M arch 1911)---------------- ------------------------------------- -------- -------$ 175,000,000 On
preferred [ 0 6 6 6 6 6 6 6 6 6 6 1 W, 1 y.
Issuable to m eet expenses of retiring said prior bonds_____
2,000,000 On com
m o n .J 4 ^ 5 ^
6
0
8
5
Issuable for reim bursing the treasury for outlays already made
BONDS.— 'The general consol, and first mtge. of 1887 (trustee, C entral
by It for betterm ents and additions ($22,000,000 sold)__
45,000,000
T ru st Co.) provides for the retirem ent of $6,307,000 prior bonds and for
Issuable for additions, Im provem ents and betterm ents of and
to the m ortgaged property (of which $13,724,000 sold)____ 78,000,000 Issue of bonds on new road a t $18,000 per mile for single track; also for bonds
*7,000 per mile and for double track a t $8,000 per mile.
In J a n . 1909 $20,000,000 general 4s were sold, of which $13,724,000 were T°r a t
wer.e lim ited to $30,000,000. Sea V. 64, p . 1088;
used to purchase $23,657,500 Colo. A S outh, com mon stock, $6,000,000 for In 1897 the gen. V.consols
79, p. 1331; V. 80, p. 1728; V. 84. p. 1550; V. 85, p.
acquisitions and im provem ents and $276,000 to retire old bonds; and in V .7 8 , p. 1446;
T .
A onds mature $53,000 s-a. J .-J .; Scries D,
F eb. 1911, $8,000,000. V. 88. p. 685; V. 92. p. 525.
®?rIcs E * 5125.000 F.-A .; Series F , $220,000 F.-A .
T he loxoa Division bonds are a first m tge. on the m ain line In Iow a from
t aild im provem ent gold 4s of 1905 ($55,000,000 au th .
B urlington to E ast P lattsm outh, on the Missouri R iver, 272 miles, and on i9,S n V™\V 9l f« 2n «fo?r,U
c"e™ tod for
additions
Im provemgen.
ents,consol,
Including
621 miles of branches and 86 miles of second track . These bonds have a
ld 534’626.p00
retire.
$ for $.and
$30,000,000
and
sinking fund of 1
($203,800) yearly, for which the 4s arc subject to call
and issuable, and $4,626,000 Chicago A Ind . Coal 5s.
a t 100 and the 5s a t 105. The single m ain line and branches covered “ shall IrV. 80, p. 1424; V .8 1 ,p
.
1436;
V.
88.
p.
451;
V.
90,
p
.
558;
V.
92.
p
.
117.
not exceed In the aggregate 900 m iles,’’ a t $16,000 per mile; on second track
additional $14,000 per mile. V. 65, p. 462.
E A T IN G S .— 8 m o s.,(1910-11----- Gross, $8,581,795; n et. $2,692,314
Tho Nebraska Extension bonds of 1887 are issued a t $20,000 per mile for
Ju ly 1 to Peb. 28. 11909-10___ Gross, 8,069,509; n et. 2,638,065
single and $10,000 per mile for second track on not exceeding 1,500 miles. , l or
5 *1108 . ending N ov. 30 1910, net, $1,715,833, against $1,806,428 in
On m erger of roads In N ov. 1907 the m ortgage became a direct first lien.
taxes, $157,900; other income, $387,989; Interest and rentals,
Abstract
of deed, V, 45, p. 441; V. 85, p . 721.
$1,286,866;
dlvs. on pref. (5 m os.), $220,767; bal., su rp ., $456,289.
Burlington A M issouri R R . in Nebraska consol, m tge. of 1878 Is now a
R E P O R T .— F or 1909-10 was in V. 91, p. 1243.
first m tge. or first coll, lien; they are subject to call for the sinking fund a t
par; the “ exem pt’’ bonds since 1908; $267,800 retired In 1911.
Years ending Jun e 30—
1909-10.
1908-09.
1907-08.
perating re v e n u e .................................$11,750,356 $10,269,619 $10,742,731
E A R N IN G S.— 8 m os.,J19 1 0-ll--_ G ro ss. $61,041,879; n et, $21,172,698 OO perating
Income (after taxes)------ 3,434,248 3,060,971 3,029,352
Ju ly 1 to Feb. 28. \ 1909-10.-.G ro ss. 59.237.020; n et. 17,849.802 N et (including
other Incom e)............... 4,176,870 -------------- 4.018,851
------------ANN UA L R E P O R T .— Fiscal year ends Ju ne 30. R eport for 1909-10
and ren tals................................. 3,001,080 3,646,574
2,951,403 2,882,624
(not Including the Q uincy O m aha A K ansas C ity RR.) was In V. 91, p. 1242, Interest
Dividend on preferred stock ( 6 % ) ...
529,842
529,842
529,842
1259 (sec also editorial, page 1216), showing results:
1909-10.
1908-09. Inc. or Dec. D ividend on common s to c k ............... (8)577,424 (2)144,356 (10)721.780
Average m iles_______________________
9,023
9,023
.......... Balance for y e a r .............................. .. sur.$68,524 sur.$20,973 dcf.$l 15.394
F reight ......................- ................................$58,224,537 $52.240.921+$5,983,616
O FFIC E R S.— Chairm an Exec. Com m, and B oard, B. F . Y oakum , N . Y.;
Passenger....................
22,380,305 19,585,305 +2,795,000 Pres.,
B. L . W Inchell, Chicago; V .-P ., C. W . H illard. N. Y.; Sco.. J. S.
Mall and m iscellaneous.......................... 7,264,675 6,786,403 +478,272 Lord, Chicago;
T rcas., J . P . Reeves, Chicago. N . Y. office, 71 B’w ay.—
(V.
88,
p.1127; V. 89, p. 1218; V. 90. p.559; V. 91, p. 1243; V. 92. p.117.)
Gross earnings....................................... $87,869,517 $78,612,629+ $9,256,888
O perating Income after tax es...............$21,723,533 $21,376,207 +$367,326
CHICAGO
&
RR.— (See M ap Erie R R .)— Owns from M arlon, O.,
O ther incom e................................................ 2,523,694
943,847 +1,579,847 to H am m ond, InERIE
d ., 249 miles, and leases trackage over Chicago A W est Ind .
to Chicago, 20 miles. Erie R R . Co. owns entire $100,000 stock.
T otal Incom e............................................ $24,247,227 $22,320,054+$1,927,173
BONDS.—The first mortgage (trustees. C entral T rust Co. and E dw ard
Interest and sinking fu n d .................. .$10,938,481 $9,948,973 +$989,508 Daniels)
249 miles of road, the con tract w ith the Chicago A W estern
B e tte rm e n ts.......... ..................................... 3,329,006
2,237,081 +1,091,921 Indiana, covers
$1,000,000 of th at com pany’s stock and $240,000 stock of Chicago
D ividends on stock (8% )........................ 8,867,128 8,867,128 ...................... Belt
R y. See a b stracts. V. 51. p. 911; V. 61, p. 750.
Balance, surplus...........................
$1,112,612 $1,266,872 — $154,260
E A R N IN G S.—8 m o s.,/1910-11______Gross, $3,502,231; not. $546,385
July 1 to Feb. 28. 11909-10______ Gross, 3,441,882; n et, 711,250
D IR E C T O R S.— D arius Miller (Pres.), Geo. B. H arris, Chicago, III.; J . J .
H ill, H ow ard E lliott, S t. Paul, M inn.; Jam es N. Hill, Geo. C. Clark,
For year ending Ju ne 30 1910, gross, $5,152,167; net, $1,067,784; other
W . P . Clough, E dw . T . Nichols, N orm an B. R eam , Geo. F . Baker and Inc., $92,778; Int., taxes, Ac., $1,196,394; im p., $19,598; b al.,d ef., $55,430.
Sam uel T horne, N . Y .— (V. 91, p. 1259, 1710; V. 92, p. 59, 260, 525.)
CHICAGO
GREAT WESTERN RR.— (See M a p .)— Form s tho “ Corn
CHIC. CINCINNATI & LOUISV. RR.—See Ches. A Ohio R y. of Indiana. Belt"
route, radiating from Oelweln, la ., northerly to S t. P aul, easterly to
Chicago
and
southerly
and westerly to K ansas City and O maha:
CHICAGO & EASTERN ILLINOIS RR.— (See M ap S t. L . A San F r.)—
(total, 735 m iles). M iles. Operated under agreement. M iles.
O perates road (double track to Danville J e t., 106 m.) from Chicago, III., to Lines owned
to S t. P au l...........................400 Mason CyA Ft.D odgc,386 m .,vlz.:
Terre H aute, Ind ., and bitum inous coal fields: also to Thebes and Joppa, HI. Chicago
seph......................290 Oelweln, la ., to Coun’l Bl’lTs. 259
Lines Owned in Fee—
Miles Branches to Coal M ines_________ 1 5 Oelweln to toS t.B Jo
e v e rly ........................23 H ayileld,M Inn.,to C larion,la. 100
D olton to Danville, III...................107 Rossvllle J e t. to Judyvllle, Ind__ 14 Bee Creek
ner to W a v c rly .................. 22 Branches to Lehigh and Coal­
D anville, 111., to Brazil, In d ____61 H u n t’s E xtension............................... 7 Sum
and Cedar Falls,
ville, Iow a............ - ................ 19
M omence J e t., 111., to Brazil, In d .130 O th e r............ ......................................... 2 M antorvillo
b ra n c h e s-----------14 Trackage—
Danville Je t., 111., to Thebes, 111.277 Other Trackage, & c.—
(total, 75 miles)—
Council Bluffs, la ., to So. O ma­
Jo ppa J e t. to Joppa, 111________ 16 P ana, 111., to E ast S t. Louis____85 S t.Trackage
Paul to M inneapolis................ ll ha, N eb______ - ------------------CIssna J e t. to CIssna P ark, I I I ... 11 Chicago to D olton, Ch. A W . Ind_ 17 Chicago
inals______
10 W Is.M Inn. A P ac.R R .,’271 miles. 8
Rossvllle J e t. to SIdell J e t., 111.. 34 O tter Creek J e t . to Terre H autc_ _ 6 Galena JeTt.,ermIII.,
D ubuque, la . 14 M ankato to Red W ing, M inn. 96
Percy J e t. to La Crosse, In d ____46 O ther lines________________________38 Des Moines T ermtoinals---------------3
Red W ing to Osage, l a ------- 118
Milford Je t.. III., to Freeland, Ind 11
to K ansas C ity___________28 W inona to Sim pson, M in n .. _ 54
Coal Bluff, In d ., to Casey, I n d .. 7 T otal operated Ju ly 1910--------965 SBeverly
t.
Joseph,
M
o.,
to
Bee
Creek__
9
Branch
to Clay B anks, M inn. 3
W oodland, III,, to Villa G ro v e ... 62 Double track .........................
177
De K alb A G reat W estern__
6
Findley, III., to P an a ................. 20
H ISTO R Y , LEA SES, Ac.— In A ugust 1902 the S t. Louis A San F ran,
G rand to tal em braced in earnings Ju ne 30 1910......................................1,487
acquired the greater p art of th e stock, as said below.
entire capital stocks of the Mason City A F ort Dodge R R . Co. and
The Chicago A E ast. 111. owns $1,000,000 stock of Chic. A W estern Ind. theThe
W isconsin M innesota A Pacific R R . Co. arc owned and their roads oper­
Special lease of Chicago freight term inals. V. 78, p. 819. In 1904-05 ac­ ated
agreem ent. Sec those com panies. In Ju ly 1910 acquired the
quired control of the Evansville A Terre H aute, which form s p art of the entireunder
of Leavenw orth (Kan.) Term inal R y. A Bridge Co. V. 91,
through line between Chicago and Evansville. V. 55, p. 995; V. 81, p. 1239. p. 214,stock
397,
STO CK.— Common stock outstanding, $7,217,800 ($15,000 p . m .); pref.,
G A N IZ A T IO N .— Inco rpo rated In Illinois A ug. 2 0 1909 as successor,
$8,830,700. In addition, $6,408,300 com . and $161,300 pref. were held In perO Rplan
V. 8 8 , p 1497, of railway of sam e nam e acquired a t Judicial sale
tru st by T ru st Co. of America in Ju ly 1910 as a part of “ trust assets" under
I . M organ A Co reorganization m an agers. V. 89, p. 528, 592.
agreem ent dated Ju ly 1 1905, for Im provem ents, acquisitions or refunding, by, J . SY,
Provided the cash requirem ents of tho plan—$24,892,274
to be term inated on satisfaction of the S t. L . A S. F . stock tru st agreem ents
iv*£ lruA, n,^Xy .892,2/4 for Improvem ents and equipm ent)—receiving therefor
below referred to . V. 85, p. 1001.
$18,500,000 new first m tge. 4% bonds, $10,136,604 pref. and $31,041,333
In A ug. 1902 the S t. Louis A San Francisco R R . gave In exchange for the com
mon stock voting trust certs., the stock trust certs, being offered to
com m on and pref. stock Its stock tru st certificates a t the rate of $100 thereof Holders
or old pref. B and com mon stock on paym ent of assessm ents of $15
for each $100 share. V. 75, p . 289. In Ja n . 1905 all of the $7,217,800
snare, and affording the shareholders their only opportunity to partici­
com m on and $6,211,700 of the $8,992,000 pref. had been exchanged on this pper
basis. The S t. Louis A San F ran , has the option to retire tho tru st certifi­ ate In the reorganization.
cates a t any tim e a t $250 per $100 com . stock trust certificate and $150 per
STOCK.—The pref. stock ($50,000,000 a u th . Issue) will be entitled to
$100 pref. stock tru st certificate, payable In gold, and obligates itself to pay
'*d a t 4% per ann. to June 30 1914 and to cum . dlvs. thereafter
oil entire Issue In 40 years from July 1 1902 a t sam e rates, m eanwhile obli­ an?*uClim
t
a t rate ahead of the com. stock,and also to a preference as to principal
gating Itself to pay 1 0 % dividends on the com . and 6 % on the pref. tru st andthaccrued
dlvs. In case of dissolution or liquidation. If and when perm it­
certificates, respectively, these am ounts being equivalent to 4 % on tho ted by law, the
new com pany will have the right to redeem tho pref. stock
principal sum to be eventually received In paym ent therefor. Upon failure a t par and accrued
dlvs. No additional m tge. shall be created nor shall the
to pay any dividend w ithin 30 days after dem and therefor, any holder pref. stock be Increased w ithout the consent of a m ajority of the pref. stock
m ay surrender the certificates to the trustee and receive the shares repre- outstanding or voting certificates therefor. ............................ • • •



’07. ’08
8

A p e ., 1911.]

RAILWAY STOCKS AND BONDS
M A P OP T H E

CHICAGO GREAT WESTERN




R A IL R O A D .

33

34

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[ F o r a b b r e v ia ti o n s , A c . , see notes o n first

M iles Date
Road Bonds

page]

Par
A m ount
Value Outstanding

C h ic a g o G rea t W e s te rn (C o n c lu d e d ) —
F r e f (a lso as t o ass.) 4 % cu m re d $ 5 0 .0 0 0 0 0 0 a u tt
F irst m o r tg a g e g o ld $ 7 5 ,0 0 0 ,0 0 0 -- .............S .x c ’ A r ’
M in n ea p olis T erm in a l m o r tg a g e g o ld a s s u m e d .
C h ic a g o A G rea t W estern — See B a lt &
C h ica g o
C h ic a g o H a m m o n d A W e s te rn — See In d ia n a H a rb o r
C h ic H g t s T erm T r a n s f— 1st M $ 1 ,0 0 0 ,0 0 0 g red 105 s t
C h ic a g o A 111 M id— 1st M $ 5 ,0 0 0 ,0 0 0 g red te x t IC c*
C h ic a g o A III W — G en (n ew ls t ) M g gu red p a r CC x c
C h ic a g o A Indiana C oal— See C h ica g o & E astern 111
C h ic In d A So— In d 111 & l a 1st M $ 1 2 ,0 0 0 ,0 0 0 g IC c*
C on sol m tg e $ 2 0 ,0 0 0 ,0 0 0 g o ld gu p & L _ G .x o * A r
C h ic a g o In d ia n a p o lis A L ou isville— C o m m o n S t o c k ’
P referred 4 % n o n -c u m u la tiv e $ 5 ,0 0 0 ,0 0 0 .............1
L N A & C 1st M ain L ine— 1st M t o b e pa id A u g I
C I A L r e fu n d in g m o rtg a g e $ 1 5 ,0 0 0 ,0 0 0 g o ld _ _ _ .C e
do
do
g old 6s Issued fo r o ld co n s o ls .
do
do
S er C ...............
C on S t o n e C o 1st M g o ld guar p A 1 c a lla b 'le lI I I ”
In d ia n a S to n e R R first m o rtg a g e g u a r a n te e d .
In d la n a p A L o u ls v 1st M $ 6 ,0 0 0 ,0 0 0 g o ld g u . - . S . c *
C h ic a g o In d ia n a p olis & St L o u is Short L ine— See Cle
C h ic a g o J u n ctio n R R — 1st M $ 2 ,3 2 7 ,0 0 0 g re d 1 0 5 . .c *
C h ic a g o K a la m a z o o A S a g in a w — 1st M $ 2 ,0 0 0 ,0 0 0 g G
LaR® Sh ore & E a st— 1st M g gu red t e x t . - x c *
C h ic M em & G u lf— 1st M g red 105 a ft Jan ’ 1 2 -B a c+ A r
C h ic a g o M ilw au k ee A G ary— 1st M $ 2 0 ,0 0 0 ,0 0 0 g red
105 b eg in n in g 1 9 1 8 ...............................................S S t.x o *
C h ic a g o M ilw au k ee A St P a u l— C om s t o c k (see t e x t ) .
P referred s to c k 7 % y e a r ly n o t c u m $ 1 2 4 ,6 5 4 ,4 0 0 .• L a cr o s s e A D a v e n p o r t D Iv first m t g e ............... F .c*
•
W ise V a l D Iv 1st M sink fu n d n o t d r a w n .- N B .c *
D u b D Iv 1st M sin k in g fu n d n o t d r a w n .- N B .c *
C h lo A P a o W estern D Iv 1st M (see te x t) g o l d .F .c *
C h ica g o A L a k e S u p erio r D Iv 1st M g o l d ____ F .c *

Rate
%

When
Payable

$100 $41,021,402
749 1909 $. £ A fr. 20.500,000
4g M
1.000
500,000
3M g J
Tei R R " 1900
Belt R R
1911
550.000
100 Ac
6g J
26 1906
1,000
780.000
5g F
... 1907
1,000
815,000
6g J
203 1900
1.000 4,850,000
4g J
329 1906 1,000 Ac 15,150,000
4g J
100 10,500,000 3 M ln '1 0 J
100 5,000,000 4 In 1910 J
1,000 2.300.000
162 1881
6g F
1,000 5,000,000
509 1897
5g J
1,000 4.700,000
509 1897
6
g J
1,000 5.300.000
509 1897
4g J
1,000
1900
13,000
\f
1,000 In treasury
5g M
60 1906
1,000 a l ,650,000
4
g
J
vcland Clncin nati Chic ago A S t Lo
__ 1905
1.000 2,327.000
M
55 1909 1,000 Ac 1.268,000
J
_
1909
1,000 9,000,000
J
g
42 1910
1.000
534,000
5g J
1,000 5,702,000
1908
A
__
100 116,348.200 7 lnSl§10 M
__ __
100 116,274.900
7
M
185 1879
1,000 2,500.000
J
5
161 1880
1,000 1,928,000
J
6
351 1880
1.000 5.049.000
J
6
1,117 1881
1,000 25.340.000
5g J
68 1881
1,000 1,360,000
5g J

O

I V O L. LX X X X II.
D iv id e n d
a n d M a tu r ity

Last

A S ept
A J SJan
A
A
A
A
A
A
A

A
A
A
A
A
A
A
A
A
A
A
A
A

1 1959
1 1950

J Jan 1 1931
A F e b 1 1956
J J u ly 1 1947
J J u ly 1 1950
J Jan
D D ec 3101956
’ 10
D D ec 30 *10
A A u g 1 1911
J J u ly 1 1947
J J u ly 1 1947
J J u ly 1 1947
N M ay 1 1920
s S e p t 1 1948
J Jan 1 1956

s

M ch 1 1945

J J u ly 1 1959
D J u n e 1 1969
J J a n 1 1940

os
s

J
A
J
A
A J
A J

P la c e s W h e re In te r e s t a n d
D iv id e n d s a re P a y a b le

J P

M organ A Co
B ank o f M o n tre a l.

N

Y

N o rth e rn T r u s t C o , C h ic
C hase N a t B k , N Y o r Chi
A raer T r u s t A S a v B k , Ch
L in co ln N a t B a n k , N Y
T reas G ra n d C en t S t a t ’ n
J P M organ A C o , N Y
do
do
do
do
do
do
do
do
do
do
A raer T r A S a v B k , Chi
N ew Y o r k
S ta n d a rd T r u s t C « , N Y
H arris F o r b e s A C o C h ic
N ew Y o r k
71 B r o a d w a y , N ew Y o r k
B a n k ers’ T ru st C o , N Y

A p r 1 1948
S t L o u is U n io n T r u s t C o
M ch 1 ‘ 11, 3 X N Y O ffic e 42 B ro a d w a y
M ch 1 ' l l , 3 )4
do
do
do
do
do
do
do
do
do
do
do
do

a O f w h ich $ 1 2 5 ,0 0 0 In tre a su ry J u n e 3 0 1910

Voting T rust.

— A ll s to c k (e x c e p t shares t o q u a lify d ire cto rs) shall u n til
S e p t . 1914 b e v e s te d In J . P le r p o n t M o rg a n , G e o rg e F . B a k e r a n d R o b e r t
F lem in g , as v o t in g tru stees, w ith p o w e r t o fill v a ca n cie s a n d all o th e r po w e rs
t o b e s ta te d In th e v o t in g tru st a g re e m e n t. U p o n th e w ritte n re q u e s t o f
h old ers o f a m a jo r it y o f th e o u ts ta n d in g p r e f. s to c k v o tin g -t r u s t ce rts ,
a n d o f c o m m o n s to c k v o tin g -tr u s t c e r ts , t o an a m o u n t su ffic ie n t, w ith such
m a jo r it y o f su ch p ref. s t o c k , t o c o n s titu te a m a jo r ity o f all th e s to c k then
h eld b y su ch v o t in g tru stees, th e v o t in g tru st shall b e te rm in a te d .
T h e to ta l fix ed ch a rges o f th e n ew c o m p a n y fo r rentals an d in terest, In­
c lu d in g Interest o n b o n d s o f s u b sid ia ry c o s ., a fte r all the $ 2 8 ,0 0 0 ,0 0 0 new
b o n d s are o u ts ta n d in g , w ill a p p ro x im a te $ 2 ,4 8 0 ,0 0 0 .
B O N D S .— O fn e w first 4s, $ 1 8 ,5 0 0 ,0 0 0 w ere so ld t o the s y n d ic a te a n d th e
r em a in in g $ 9 ,5 0 0 ,0 0 0 o f th e $ 2 8 ,0 0 0 ,0 0 0 presen t issu e, o f w h ich $ 2 ,0 0 0 ,0 0 0
h a v e b een s o ld , w ere reserved fo r a d d itio n s an d b e tte rm e n ts as re q u ire d ,
s a y w ith in th e n e x t tw o o r th ree ye a rs. O f th e b o n d s, $ 1 8 ,2 3 2 ,0 0 0 a re re ­
se r v e d t o retire th e 1st m tg e . b o n d s o f th e M ason C ity A F t . D o d g e an d
W ise . M in n. A P a c . ($ 1 2 ,0 0 0 ,0 0 0 an d $ 6 ,2 3 2 ,0 0 0 , r e s p e c t iv e ly ), a n d the
rem a in d er fo r new p r o p e r ty , b e tte rm e n ts a n d e q u ip m e n t.
V . 8 9 , p . 1482:
V . 90 . p . 53 ; V . 9 1 , p . 1160; V . 9 2 , p . 1031.
E A R N I N G S .— 8 m o s ., (1 9 1 0 -1 1 ____ G ross, $ 8 ,4 9 2 ,1 0 2 ; n e t . $ 2 ,1 8 3 ,2 2 0
J u ly 1 to F e b . 2 8 .
1 1 9 0 9 -1 0 ____ G ross. 7 ,7 7 2 .3 3 7 ; n e t . 1 .9 8 8 .8 1 4
Su rplu s a fte r ch a rg es . $5 7 6 ,2 3 4 in 8 m o n th s o f 191 0-1 1, a g a in st $15 9 ,5 2 9
In 190 9-1 0.
R E P O R T .— R e p o r t fo r 10 m o n th s e n d in g J u n e 30 1910 In V . 9 1 , d . 1243,
s h o w e d : G ross earn in gs, $ 1 0 ,1 7 1 ,7 8 3 ; n e t, a fte r ta x e s, $ 2 ,1 2 3 ,0 1 0 ; o th e r
In com e, $ 1 8 8 ,4 3 3 ; Int. o n b o n d s , $ 1 ,2 2 0 ,7 2 1 ; ren tals an d o t h e r fix e d c h g e s .,
$ 6 3 4 ,9 4 7 ; b a la n ce , su rp lu s, $4 5 5 ,7 7 5 .
O F F I C E R S .— P re s ., S . M . F e lto n ; V . - P . , J o se p h W . B la b o n ; S e c . an d
T r e a s ., J . F . C o y k e n d a ll; A u d it o r , J . W . N e w le a n . P re s id e n t’s o ffic e ,
P e o p le ’ s Gas B ld g ., A d a m s S t. a n d M ich . B o u l., C h ica g o , 111.
D I R E C T O R S .— Sam u el M . F e lto n , J o h n R . M o rro n , J o h n A . S p o o r ,
A . A . S p ra g u e, C ly d e M . Carr, C . H . C o n o v e r , C h ica g o ; C harles Steele,
A . H . G Ulard, N ew Y o r k ; E . F . S w ln n e y , K a n sa s C ity; Jam es S . B ell,
M in n eapolis; F . W ey erh a eu se r, S t. P a u l.— (V . 9 1 , p . 1445; V . 9 2 , p . 1031.)
C H IC A G O H E IG H T S T E R M I N A L T R A N S F E R R Y .— V . 9 2 , p . 394 .
C H IC A G O
IL L IN O IS M I D L A N D

A
RY .— Owns A uburn. 111., to Tavlorville, 26 miles, of which 17 miles was opened Ju n e 1907. Stock authorized.
$2,000,000; outstanding, $1,000,000 (par of shares $100), a m ajority being
owned by Illinois M idland Coal Interests. T he bonds are subject to call
on terras to be fixed for the several Issues; th e $780,000 bonds Issued on
the first 26 miles m ay be called a t 110 on any Interest day since Aug. 1 1910.
See V. 82. p. 452, 803. F or year ending Ju ne 30 1909, operating revenue,
$77,006; n et after taxes, $6,936. (V. 82, p. 803.)
C H IC A G O A IL L IN O IS W E S T E R N R R .— T o e x te n d fro m W e s te rn A v e ..

I n d ., t o S h irle y H ill, w as o p e n e d O c t . 1 1907 a n d th e bran ch fro m V lck ss
C a s s , 5 m iles D e c . l 1907. U n der s u p p le m e n ta l lease d a te d M a y 10
1907 b o n d s w e j ^ a r , p rin . an d Int. See " B o n d s ” b e lo w . V . 8 2 , p . 509;
V . 8 3 , p . 8 8 8 , 1290; V . 8 5 , p . 920; V . 8 7 . p . 809 ; V . 8 8 , p . 99 .
H I S T O R Y .— S u cce sso r J u ly 1 1897 o f L o u is v ille N ew A lb a n y A C h ica go,
fo re c lo s e d p e r pla n in V . 63 . p . 922 . S u it s e ttle d , V . 7 6 , p . 1031.
*902 th e L o u is v ille A N ash ville an d S o u th e rn R y . a cq u ire d 9 3 %
o f flO .5 0 0 .0 0 0 c o m . an d 7 7 % o f $ 5 ,0 0 0 ,0 0 0 p re f. s t o c k , o n th e basis o f $^8
an d $90 per $100 sh are, re s p e c tiv e ly , in their Joint 5 0 -y e a r 4 % co lla te ra l tru st
g o ld b o n d s a t p a r , secu red b y th e s to c k a c q u ir e d . See d e s crip tio n o f b o n d s
un d er L o u S v Ille A N a s h v ille . V . 74 , p . 1088, 1138; V . 7 5 , p . 28 .
D I V I D E N D S .— O n p r e f., 1899. 1 % ; O c t . 1900 t o D e c. 1910, b o th in c lu ­
s iv e , 4 % per a n n u m . O n c o m ., 1902, 1 % ; 1903, 3 H % ; 1904, Ju n e . /
D e c .. 1 H % : 1905 t o 1908, 3 % y e a r ly ; 1909 an d 1910, 3 > * % (J. A D . ) .
. B O N D S .— R e f u n d i n g m o r tg a g e c o v e r s r o a d , e q u ip m e n t, A c . (in clu d in g
$ 1 ,0 0 0 ,0 0 0 s t o c k o f C h . A W . In d . an d $2 4 0 ,0 0 0 s to c k o f th e B e lt R y . o f
C h ic a g o ); th e re m a in in g $ 2 ,3 0 0 ,0 0 0 o f th e $ 1 5 ,0 0 0 ,0 0 0 a u th o riz e d bein g
S?uL>A p r ,,. i ? i 1, t o tak e u p $ 2 ,3 0 0 ,0 0 0 d iv isio n a l b o n d s d u e A u g . 1911.
V . 9 0 . p . 1613; V .. 9 1 . p . 5 1 8 , 1095; V . 9 2 . p . 1031.
„ i nd, ^ p-o l,s„ ^ L o u isv ille gu a ra n te e d b o n d s , o f w h ich $ 1 ,5 0 0 ,0 0 0 s o ld in
rb Svc

V

8r2? p m508;Ov f ° ) « ! : p.% *290. U SUable ** } 3 0 ’ 000 p e r m l,e '

See

EA R N IN G S.—8 m os.,11910-11----- Grcras, *4.084,891: n et, *1,258,811

J u ly 1 t o F e b . 2 8 .
(1 9 0 9 -1 0 ------ G ross, 3 ,9 1 2 ,6 2 8 : n e t,
A N N U A L R E P O R T .— In V . 91 , p . 8 8 6 , s h o w e d :
Y e a r e n d . J u n e 30—
1909-10.
1908-09.
1907-08.
G ross earnings .................... * 6 ,0 2 0 ,2 4 2
* 5 ,3 1 9 ,3 8 6 * 5 ,1 6 7 ,1 6 0
N e t e a rn in g s..................
1 .8 03,453
1 ,4 0 4 ,7 9 2
1 ,1 6 3 ,7 0 2
D iv id e n d s , A c ., re ce iv e d
2 3 7 ,9 5 5
252 ,301
2 72 ,423

1906-07.
* 5 .9 8 8 ,8 6 7
1 ,8 2 5 ,4 1 6
2 6 1 ,1 6 6

T o t a l n e t I n c o m e ____ $ 2 ,0 4 1 ,4 0 8
In terest o n b o n d s _______
7 74 ,036
R e n ta ls , A c .........................
4 0 5 ,7 9 2

$ 2 ,0 8 6 ,5 8 2
7 7 2 ,1 0 0
3 1 9 ,4 5 6

$ 1 ,6 5 7 ,0 9 3
7 7 2 ,1 0 0
3 82 ,107

$ 1 ,4 3 6 ,1 2 5
7 7 2 ,1 0 0
3 0 1 ,6 6 2

1 ,3 8 8 ,8 1 5

T o ta l
* 1 ,1 7 9 ,8 2 8 * 1 ,1 5 4 ,2 0 7
* 1 .0 7 3 ,7 6 3 $ 1 ,0 9 1 ,5 5 6
Surplus f ° r d i v i d e n d s . ..
* 8 8 1 ,5 8 0
* 502,886
* 362,362
$ 9 9 5,02 6
D iv id e n d ° n p r e f., 4 % _
2 0 0 ,0 0 0
2 0 0 ,0 0 0
2 0 0 ,0 0 0
200,000
D iv id e n d o n c o m m o n .( 3 K ) 3 4 1 ,250 (3 H 1 3 2 8 .250
(3 )3 1 5 .0 0 0
(3 )3 1 5 ,0 0 0
v ™ u .Ft5CJ
?
' F a l5 “
H arrison; V . - P . , M o rto n F . P la n t, N ew
r h i™ '™ ' , 9 ; F ,^
Ch ™ ?r^ X rea' 5
- Caase» . 198 C u stom H o u s e P la ce.
£ h l? a g p , G en. M g r., A . H . W e s tfa ll, C h ica go: S e e ., J . A . H ilto n , 52 B r o a d ­
w ay- N .Y .
D ire cto rs— F a irfa x H arrison , C h ica go; W . W . F in le y , W a sh ln g to n . D . C .; Chas. S teele, R . M . C a lla w a y , M o rto n F. P la n t, H e n ry
W a lte rs , A d ria n Iselln J r ., N ew Y o r k : W . H . M o D o e l, E . C. F ield F A
D ela n o , C h icago: S am uel T . M u rd o ck , L a fa y e tte , I n d .— ( V . 9 2 , p . io3*l.) *

C h ic a g o , s ou th w es terly t o J o lie t , 111., w ith b ra n ch e s, a to ta l o f 54 m iles, o f
w h ich 22 m iles In o p e r a tio n . E x te n sio n p r o p o s e d G ary t o J o lie t.
V . 83,
C H IC A G O J U N C T IO N R R .— A n e le v a te d r o a d , 3 .61 m iles o f track
p . 491 . S t o c k , $ 1 ,0 0 0 ,0 0 0 , as Increased A u g . 1907; p a r, $100. O f the
(o p e n e d A p ril 190 8), e x te n d in g fro m J u n ctio n w ith S o u th S id e E le v a te d R R
g en . 6s o f 1907 ($ 4 ,0 0 0 ,0 0 0 a u th . Issu e), $ 8 1 5 ,0 0 0 w ere o u ts ta n d in g In
a t 40th S t. t o th e S to c k Y a rd s .
L ea sed t o S o u th S id e E le v a te d fo r 5 0 years
J u ly 1909, gu ar. p rln . A ln t. b y D olese A S h e p a rd C o ., C h ica g o . V . 86 , p .
(w ith rig h t t o p u rch ase a t c o s t w ith in 2 0 years) a t a ren tal c o v e r in g b o n d
JOT; V . 8 8 , p . 685 . F o r y ea r e n d in g J u n e 3 0 1909, $ 1 3 7 ,7 9 4 ; n e t, $ 6 6 ,2 9 8 .
Interest a n d all exp e n se s. C apital s t o c k , * 5 0 ,0 0 0 .
B o n d s are guaran teed
In 1907-08, gross. $1 5 3 ,1 6 5 ; n e t, $ 6 6 ,2 9 8 ; fixed ch a rge s, $23 ,038 ; b a la n ce ,
p rln . a n d In t., b y C b ic a g o J u n ctio n R y s . ie U n io n S t o c k Y a rd s C o .; th ey
su rp lu s. $ 4 3 ,2 6 0 .
P r e s ., W . E . P h illip s. O ffic e . 184 L a Salle S t ., Chi­
are s u b je c t t o call a t 105 a fte r 1910.
F orm o f g u a r a n ty , V . 8 2 , p . 668
c a g o , III.— ( V . 8 8 , p . 6 85 .)
— (V . 8 5 . p . 792: V . 8 7 , p . 3 4 6 .)
C H IC A G O IN D I A N A & E A S T E R N R Y .— O w ns C on verse. I n d ., t o
C H IC A O O J U N C T IO N R A I L W A Y .— O w n s Inner lin e w ith in th e C h icago
M u n cle, 43 m iles.
In M a y 1907 th e P e n n sy lv a n ia C o . a cq u ire d all the s e ­
U n io n S t o c k Y a rd s d is tric t, 11.81 m iles, sid e an d Industrial tra ck s , 1 18 .58m .
c u rities, th e r o a d b e in g o p e r a te d as p a r t o f th e P itts . C ln. C h lo. A S t . L o u is.
In J u n e 1907 th e V a n d e rb ilt (N ew Y o r k C en tral) Interests arran ged to
V . 8 4 . p . 1181. 9 3 0 .
F o r c a l. y e a r 1910, gross, $82 ,757 ; o p . d e f ., $17 ,820 ;
a cq u ire th e o u te r b e lt lin e, a ssu m in g th e * 2 ,5 0 0 ,0 0 0 o u ts ta n d in g b o n d s,
o th e r in c o m e , $85; ch a rg es , $ 3 4 ,2 1 8 ; b a l., d e f ., $ 5 1 ,9 5 3 .— (V . 84 , p . 3 5 0 .)
le a v in g th e p r o p e r ty free o f Hens. V . 85 , p . 159, 792 .
C H IC A G O I N D I A N A
SO U T H E R N R R .—
N. Y.
A
A G O K A L A M A Z O O & S A G I N A W R Y .— O w n s 55 m .. P a v ilio n t o
R lv . R R .) — O w n s fro m S o u th B e n d , I n d ., t o S e a to n v llle , 111., 192 m . W oCoHdIC
b u r y , M ich .
In S e p t. 1910 leased t o G rand T ru n k system th e 11 m .
(fo r m e r In d . 111. A I o w a R R . ) ; D a n v ille , 111., t o In d ia n a H a r b o r , I n d .,
fro m K a la m a zo o t o P a v ilio n . A c q u ir e d In D e o . 1906 b y M ich . C en t. (N ew
109 ra.; b ra n ch e s . 12 m .; tr a c k a g e , 28 m .; leases, 8 m .; t o ta l, 341 m . A ls o
Y o r k C entral s y s t e m ), b u t w ill b e o p e r a te d In d e p e n d e n tly . V . 84 . p . 50 .
ow n s 20 m . leased t o o th e r co m p a n ie s .
S to o k , c o m ., * 2 ,0 0 0 ,0 0 0 : o u ts ta n d in g . * 450 , 000 : par o f sh ares, * 1 0 0 . L a k e
A co n s o lid a tio n A p ril 1906 or th e In d . 111. A I o w a , I n d . H a r . R R . an d
S h ore A M ich . S o u . o w n s * 1 8 0 ,0 0 0 s to c k an d * 5 0 7 ,0 0 0 1st M . b o n d s . V . 0 0 .
D a n v ille A I n d . H a r . R R .
V . 8 2 . p . 803 , 8 6 7 . S t o c k , $ 2 0 ,0 0 0 ,0 0 0 , o f
P. 708 . Y e a r e n d in g D eo. 31 1910. g ross. * 2 2 1 ,1 2 3 ; n e t, a fte r ta x e s , * 8 9 ,w h ich $ 5 ,0 0 0 ,0 0 0 Is 4 % c u m . p re f. L a k e S h o re A M ich . S o u th e rn o w n s
092 ; o th e r In com e, * 1 ,7 7 5 : In t., hire o f e q u lp 't. A o ., * 6 4 ,0 4 1 ; b a l., su r .,
$ 1 7 ,0 0 0 ,0 0 0 a n d M ich iga n C en tral $ 3 ,0 0 0 ,0 0 0 .
* 2 0 ,8 2 5 . P r e s ., H . B . L e d y a r d , D e tro it; S e c ., F . O . W a liio : T r e a s .. J . E .
B O N D S .— O f th e 4s o f 1906 ($ 2 0 ,0 0 0 ,0 0 0 ), g u a r, b y th e L a k e S h o re A
G riffith s .— ( V . 6 1 , p . 1063: V . 84 . p . 50 l)
1
M ich . S o u t h ., $ 4 ,8 5 0 ,0 0 0 are re served t o re tire th e 4s d u e J u ly 1 1950.
C H IC A G O L A K E SH O R E & E A S T E R N R Y .— E m b r a c e s 331 m iles o f
V . 86.
980 .
tr
a
c
k
,
c
o
n
n
e
c
tin
g
th
e
va
rio
u
s
w
ork
s
o
f
th
e
Illinois
Steel
C
o
.
an
d
In
d ia n a
J o in t ly w ith fo u r o th e r r o a d s c o v e n a n ts t o p a y th e N . Y . C entral lines
teel C o . a t C h ica g o . J o lie t. M ilw aukee a n d G ary w ith d iv e rg in g tru n k lines,
($ 3 0 ,0 0 0 ,0 0 0 ) eq u ip , trusts o f 1907 an d 1910, th e c o m p a n y ’ s share o f e q u lp ’ t S
an d also w ith steam sh ip lines, s to n e q u a rries, Industrial e stablish m en ts.
tru st o b lig a tio n s leased b e in g D eo. 31 1910, $ 1 ,6 3 8 ,6 0 7 a n d $ 3 ,0 2 3 ,9 8 1 .
A o .: also , b y lease an d tra ck a ge rights o v e r 74 m iles o f ro a d s , re a ch e s th e
r e s p e c tiv e ly . V . 8 5 . p . 1401; V . 8 6 . p . 168; V . 9 0 , p . 1677.
o o a l fields o f Illin o is an d In d ia n a , an d J o lie t, H I., h a n d lin g betw een S o u th
E A R N I N G S .— 2 r a o s .,(1 9 1 1 ........................ G ross, $ 6 1 0 ,4 7 5 ; n e t . $12 8 ,1 1 5
— ^ a.?° an d these p o in ts a large tr a ffic fo r th e Illin ois Steel C o . S t o o k .
Jan. 1 to F eb . 28.
119 10........................ G ross, 6 9 4 ,0 4 1 ; n e t, 2 4 3 ,5 2 0
J9.(KW ° o p , b e ln g Increased fro m * 2 ,7 6 0 .0 0 0 In J u n e 1909: all o w n e d b y
the Illinois Steel C o ., an d s o b y the U n ite d S ta te s S teel C o r p ., w h ic h , w ith
R E P O R T .— R e p o r t fo r y ea r e n d in g D e c . 31 1910 In V . 9 2 , p . 8 7 5 , s h o w e d :
th e E lgin J o lie t A E a stern , guar, th e b o n d s, p rln . an d In t., b y e n d o rse m e n t.
G ross, $ 3 ,7 3 9 ,6 6 8 ; o p e ra tin g In com e, $ 76 0,26 7: o th e r In co m e , $ 6 6 0 ,8 5 9 ;
T h e last n am ed leases the ro a d fo r 60 yea rs fro m J u n e 1 1909, re n ta l o o v e r ch a r g e s . $ 1 ,1 0 6 ,3 2 8 ; b a l., s u r p ., $ 3 1 4 ,7 9 8 .— (V . 9 2 , p . 7 9 4 ,
ln K,a Chartres an d d iv id e n d s o n sto o k , d e p e n d e n t o n earnings. S ee V . 9 0 ,
.C H IC A G O
IN D I A N A P O L IS & L O U IS V I L L E
O p e ra te s th e
p . 108. D iv id e n d s pa id In 1909. 1 0 % : In 1910, 5 % .
M o n o n R o u te fro m C h ica go, 111., v ia M o n o n , I n d ., to In d ia n a p o lis , I n d .,
B on d s are r e d e e m a b le In w h o le o r In p a r t fro m D eo. 1 1919 a t l l O a n d In t.:
a n d L o u is v ille , K y ., w ith b ra n ch e s. T h e system includes:
•
m tc<* t o *2 0 ,0 0 0 ,0 0 0 a n d fu rth er Issues o f b o n d s b e y o n d th e
L in e s o w ned—
M ile s .
O p e r . u n d e r c o n tr a c t —
M ile s .
S!),0(H),()(K
now
ca n b e m a d e o n ly fo r 5 0 % o f c o s t o f p r o p e r ty .
In d ia n a S ta te L in e t o In d ia n ­
C h ica g o t o In d ia n a S ta te L i n e . . 20
V . 8 8 . p . 1372; V . 89 . p . 224 , 1410.— ( V . 9 0 , p . 1170; V . 9 1 , p . 1446.)
a p o lis .................................................. 162 N ew A lb a n y t o L o u is v ille _____ 6
N ew A lb a n y t o M ich iga n C i t y . . .2 8 9 C o n n e ctio n t o In d ia n a p o lis_____
2
m C H IC A G O M E M P H IS & G U L P R R . — D y cr s b u rg , T e n n ., t o H ic k m a n ,
B e d fo r d t o S w ltz C it y --------------------- 40 Clear Creek to H a r ro d s b ’ g, I n d . .
9
T e n n ., 52 m iles, th e e x te n sio n fro m T ip to n v llle to H ic k m a n , 21 m iles, be in g
O rleans t o F ren ch L ic k S p r i n g s .. 18 S w ltz C ity t o w est o f L in t o n ___10
c o m p le te d M a y 1911. E x te n sio n fro m H ic k m a n t o C lin to n , 15 m iles, to
W a lla ce J e t. to S hirley H ill A b r . 60
b e c o m p le te d S e p t. 1 1911. E n tire line as p r o je cte d w ill e x te n d fro m a
p o in t on th e O h io R iv e r t o M em ph is, T e n n .
In O c t . 1909 s to c k a cq u ire d b y
• T o t a l o f all Ju n e 3 0 1 9 1 0 ....................................................................................... .6 1 6
n e ™ £arAL™a n d n a m e ch a n g e d N o v . 1 fro m D y e rs b u rg N orth ern R R . V . 8 9 ,
• A lease fo r 999 y ears w ith C h ica g o A W estern In d ia n a (o f w h o s e s to c k this
s t o c k a u th ., $ 1 ,0 0 0 ,0 0 0 ; Issued, $3 0 0 ,0 0 0 ; p a r, $10 0. B on d s
c o m p a n y ow n s $1,0 0 0 ,0 0 0 ) g ives e n tra n ce to C h icago on a m ileage basis.
(5 1 0 ,0 0 0 ,0 0 0 a u th . Issue) a rc s u b je c t t o call a t 105 a fte r J a n . 1 1912; Issued
O w n s o n e -th ir d Interest In K e n t u c k y A In d ia n a B rid g e at L o u is v ille , K y .
$ 3 5 0 ,0 0 0 t o retire o ld bo n d s an d all d e b ts ; reserved fo r term in als, A c ., $ 1 ,­
O w n s en tire s to c k o f In d ia n a p o lis A L o u isv ille R R ., p ro je cte d fro m a t o r
7 5 0 ,0 0 0 , an d rem ain in g $ 7 ,7 0 0 ,0 0 0 a t n o t t o e x c e e d 8 5 % o f c o s t o f n ew c o n ­
n ea r In d ia n a p olis to E v a n s v ille , A c ., o f w hich 55 m iles, fro m W a lla ce J e t .,
str u c tio n , o r o v e r $20 ,000 per m ile. V . 90. p . 108, 302; V . 9 1 , p . 153. F o r

A

H ud.

p.

[See M aps

Cent.

1223.




RY.—

876.)




36

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page]
Ch Milw & St P (Corfcl.)—W ise A M inn Div 1st M g .F
F argo A Southern first m tge gold assum ed..... ...........
Chic Mllw A S t P T erm inal m ortgage gold____F.c*
D akota A G reat Southern first m ortgage gold____F
Chicago A Missouri R iver Div first m ortg ag e..F .c*
Gen M (for $150,000,000) gold Series A __Us.c*Ar
do
do
Series A registered............
do
do
Series B ............ ................c*
do
do
Scries B registered__
Mllw A Nor 1st M Schw artz to Gr Bay ext 1910._c*
C onsolidated m ortgage________ _____
c*
D ebentures *50,000,000 auth gold______F.xc*&r*
D eb entu res*250,000,000francs authorized. Usm x
Chic Milw & Puzet Sd— 1st M *200.000,000 tex t Us
Chicago & N W—Com stock *177,(KM,880 au th
Tr
Preferred stock (not cum ulative) sec tex t
Tr
Chic & N W con s f M (*12,900.000) not draw n F.c*
Cedar R apids & Missouri R iver— 1st M 3d Div
Menominee E x t 1st M <r (s f *20,000 not dr) F .c’
N orthw Union 1st M z Mllw to Fond-du-Lac F.c*
W inona & S t Peter 1st M ext g land gr s f assum F.c*
Mllw Lake Shore & W cons M (now 1st) gold Cc.o*
M ichigan Div 1st M (for *3,000,000) gold- Cc.c*
A shland Division first m ortgage gold
Cc.o*
E xt & Im p M for *5,000,000 g s f not draw n.Ce.o*
Incom e bonds (not cum ulative) to be pd M ay 1 r
M arsh E xt 1st M *600,000 (*15,000 p m K .U n .c*
C A N W s f bds of 7 9 ($15,000 p m) red a t 105 F.cAr
Sinking fund debentures 1933__________ Un.c* Ar
Chicago A N orth W estern 30-year d eben.U n.c* Ar
Extension 4s $20,000,000 ($20,000 p m )__U n.cA r
General gold bond m tge $165,000,000-_.U s.c*A r
do
do
do
registered. _
do
do
do
c*
do
do
do
registered
a Also Ju ly 1910 additional gen m tge bonds ln treasury
Also In sinking fund Ju ly 1910: c $150,500; d $135,000

Miles Date
Road Bonds

Par
A m ount
Value Outstanding

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

230
119
159
77
5.859
5.859
5.859
5.859
126
362

1881
$1,000 $4,755,000
5 g J A J Ju ly 1 1921
N Y Office, 42 B roadw ay
1,000 1.250.000
1883
6 g J A J Jan 1 1924
do
do
1,000 4.748.000
5 g J A J Ju ly 1 1914
1884
do
do
J A J Jan l 1916
1,000 2.856.000
1886
do
do
i * J A J Ju ly l 1926
1,000 3.083.000
1886
do
do
1889
J A J May 1 1989
l.oooT a48.841.000
do
do
1,000/
1899
Q—J M ay 1 1989
{ ii
do
do
a8,950.000
3
X
g
1889
J A J May 1 1989
1,0001
do
do
1,000/
1899
t 3M 1? Q—J M ay 1 1989
do
do
J A D Ju ne 1 1913
1,000 2.155.000
1880
do
do
n4.003.000
i * J A D June 1 1913
1,000 fr250000000
1884
do
do
4 g J A J July 1 1934
1909 1.000 Ac
do
do
4
1910 500 fr Ac 50,000,000
J A D Ju ne 1 1925
Paris
and
London
4
1,489 1909
1,000 123,000.000
X
Jan
1
1949
100 130,114,500 See text. Q—J Apr 1 1911 1 H Co’s office 111 B’way.NY
7.390
7.390
100 22,395,100 8 in 1910 Q—J Apr l 1911 2%
do
do
7
1,000 12.832.000
Q—F Feb 1 1915
788 1865
do
do
7
150 1866 500 Ac 2.332.000
M A N May 1 1916
do
do
c2,546,500
500
Ac
J A D June 1 1911
120 1871
7
tr
do
do
7 g M A S Ju ne 1 1917
140 1872 500 Ac d3,365,000
do
do
Ac k4,038.500
7 g J A D Dec 1 1916
175 1871 1001,000
do
do
5.000.
0006 g M A N May 1 1921
413 1.881
do
do
1,000 1.281.000
6 g J A J Ju ly 1 1924
82 1884
do
do
1,000 1.000. 000
M
A
S
6
g
40 1885
Mch
1
1925
do
do
1,000
4.148.000
5 g F A A Feb 1 1929
693 1889
do
do
1,000
500.000
M A N May 1 1911
6
1881
do
do
1,000
400.000
"40 1892
5
A
A
O
O
ct
1
1922
do
do
1,041 1879 1.000 Ac 11.512.000 5 A 6 A A O O ct 1 1929
do
do
1891 1.000 Ac 9.695.000
5
M A N May 1 1933
do
do
1891 1.000 Ac g9,819.000
A 15 A O Apr 15 1921
5
do
do
1886 1.000 Ac h 16,619,000
4
F
15
A
A
Aug
15
1926
do
do
1897 1000 Ac\ m See text / 3 t f g M A N Nov 1 1987
do
do
1897 1000 Ac/
Q— F
1 1987
do
do
1897 l.OOOAcl m 15000,000 t 34 H g M A N Nov
Nov 1.1987
do
do
1897 1.000ACJ
Q— F Nov l 1987
4 •
do
do
and n ot llste d (sec to x t). n $ 1.08 9.000 ad dittonal 1 n treasury.
. x C oupon bonds J A J; register cd Q— J .

7 mo3. ending Jan . 31 1911, gross, $97,018; n et, $34,385; bond Interest,
$10,808; bal., su r., $23,517. Dor year ending Ju ne 30 1910, gross, $83,779;
agst. $08,113 In 1908-09; net, $30,949, ag st. $27,291; Interest, $17.5001
bal., sur., $13,449. Pres., S. G. L atta ; V .-P . and Sec., E . Rice, both of
D yersburg, T cnn.; V .-P., Jo h n H . W atkins, 2 W all S t., New York; T reas.,
J . C. Doyle, D yersburg.— (V. 90, p. 108, 302; V. 91, p . 153.)
C H IC A G O M I L W A U K E E & G A R Y R A I L W A Y .— T his road, when
com pleted, will form an outer belt line 267 miles in length, extending from
M ilw aukee. WIs., to Gary, Ind ., connecting w ith all of the 32 m ain trunk
lines entering Chicago. Of this, Rockford, 111., to D elm ar, 125 miles.
Including Elgin Joliet A E astern trackage betw een A urora and Joliet, 22
m iles, was in operation In Ju ly 1910. In M arch 1909 Interests represented
b y the S t. Louis Union T rust Co. acquired practical control. V. 88, p. 085.
Stock authorized, $10,000,000; outstanding, $5,500,000; par, $100.
,, fiON DS.— On A pril 1 1908 a m ortgage was executed to the S t. Louis
Union T ru st Co. and Illinois S tate T ru st Co. of S t. Louis, as trustees,to
secure an issue of $20,000,000 of 40-year 5% bonds, of which $5,702,000
have been issued to acquire the property of the Illinois Iow a A M innesota
and subsidiary com panies. Im provem ents and equipm ent, the rem aining
$14,398,000 bonds being reserved for extensions to Gary and M ilwaukee,
equ ipm ent, term inals, elevators, coal docks and facilities a t G ary and Mil­
w aukee, of which abo u t $10,000,000 to be used a t present to com plete the
line. V. 80, p. 980; V. 88. p. 685. Pres., A lbert T . Perkins, care S t. Louis
U nion T ru st Co., S t. Louis.— (V. 88, p. 085.)
C H IC A G O M I L W A U K E E & ST . P A U L R Y .— O perates from Chicago
westerly to S t. Paul, M inneapolis and Lake Superior, O m aha, N eb., and
K ansas City, Mo., w ith lines traversing Illinois, Iow a, M issouri, Michigan,
W Is., M inn, and th e D akotas, viz.: (Map C. M. A P uget Sound R y.,p.37)
Road—
M ile s.\ Road—
M iles;
Lines owned Ju ne 30 1910 (of
Second and th ird t r a c k s .............502
which 30 m . owned jointly) ..7 ,2 9 6 1Trackage (including 2d tra c k s).-277
H IST O R Y , Ac.— O rg. M ay 5 1863 and on F eb. 11 1874 took present name.
The Pacillc extension, from w estern term inus a t G lenham , S. D., to
S eattle and Tacom a, 1,463 miles (of which 26 miles Is owned jointly w ith
Union Pacillc), including 66-mile Lew iston branch, Is know n under nam e
of Chicago Milwaukee A Puget Sound R y. (sec statem en t below), was com­
pleted in Ju ne 1909; 396 miles of branches had been com pleted In O ct. 1910
and 199 miles were under construction. V. 87, p. 543; V. 88, p . 99, 294,
748, 882. 944, 1252.
T acom a A E astern R R ., Tacom a, W ash., to G rcnavon, 63 miles, w ith
branches, 28 miles, to tal 91 miles, was acquired In 1909.
C A PITA L STO CK.—The pref. stock has a prior righ t over the com . stock
to a dividend of n ot over 7% from net earnings In each year, but if not
earned it has no cum ulative right. A fter paym ent of 7% on pref. and 7%
on com ., both classes share pro rata.
In D ecem ber 1906 the stockholders subscribed pro ra ta for $66,214,400
pref. and $33,241,100 com . stock a t par, payable in Installm ents to Mch. 1
1909.. This Increased the am ounts outstanding to $116,274,900 pref. and
$110,348,200 com mon stock. V. 83, p. 1523; V. 84, .p 50, 101; V. 85,
p. 98, 1338; V. 88. p. 293.
D IV S. since 1892— 1 *93. *94.
’96. ’97-’00. 01. ’02-'10. 1911.
On c o m m o n ............ ...........
%\ 4 4
4 5 y’ly 6 7 y ’ly M ch.,3 ^
On preferred_________ %%J 7 7
7 7 y’ly 7 7 y ’ly M ch.,3H
BONDS.— A bstracts older m tges., V. 45, p. 114. 144, 212: V. 48. p. 830.
The general mortgage of 1889 (see abstract In V. 48, p. 830) is tor $150,­
000,000 to the U nited S tates T rust Co. of New Y ork, as trustee, and covers
the entire railw ay property and franchises of the com pany (therein de­
scribed), subject to prlbr Hens, which are paid as they m ature.
In Ju ly 1910 gen. m tge. bonds were issued or reserved as follows:
A m ount in the hands of the public................... ........................ ............. $57,791,000
In treasury of the com pany (unsold)................... ..................................28!636,000
T otal reported by the com pany as outstanding
$86,427,000
Reserved for prior Hens_________________________
$00,498,000
R e m a in d e r............................................................................
■ 3.075,000
To^al authorized........................................................... ........................... $150,000,000
In j()ec. 1909 $25,165,000 gen. m tge. 4s were sold, chiefly to pay off $12,­
357,000 old bonds and for new lines, second m ain track and additional
equipm ent. V. 89, n. 1279. 1541, 1596, 1067.
In 1909 $28,000,000 of an authorized Issue of $50,000,000 4% 25-year
debentures were sold. They are to be included in any new m tge. V. 88.
p. 1559; V. 89, p. 1223, 1346.
In May 1910 sold to a group of French banks 250,000,000 francs 15-ycar
4% debs. They are to be secured by any new m tge. None of the Chic.
Mllw. A Puget Sound R y. stock now owned or hereafter acquired Is to be
sold while bonds are out. V. 90, p . 1424, 1489, 1554; V. 91, p. 38, 1710.
G EN ER A L FINA NCES, A c .— The com pany owns all of the $100,000,­
000 stock and $98,000,000 1st M. 4s of the Chicago Mllw. A Puget Sound
R
y.
($2o,000,000 bonds guar. p. & 1. having been sold In M ch. 1911), which
see below.
In Feb. 1911 an Initial dividend of 2% was received on Chic. Mllw. A
% • stock, yielding $2,000,000. V. 92, p. 525.
In 1910
system (Oregon Short Line) owned $1,845,000
pref.
stock.the V.Union
87, p.Pacific
15 4 9 .
The refunding at 4% of the $22,097,000 5, 6 and 7% bonds m aturing In
1910 effects an annual saving of $400,440. V. 89, p. 1279.
E A R N IN G S .— 8 m o s.,/191(M 1. . . Gross, $44,742,683; net, $11,350,167
Ju ly 1 to I*eb. 28. \ 1909-10...G ro ss, 42,700,532; net, 12,679,214
ANN UA L R E P O R T .— Fiscal year ends June 30. A nnual m eeting Is
held In S ept. R eport for 1909-10 In V. 91, p. 651; owing to changes In
classification, com parisons w ith other Income In 1907-08 are Inaccurate;
editorial, p. 682.



Rate
%

[V o l . l x x x x i i .

1909-10. 1908-09.
1907-08.
Average miles operated__
-7,512
7,512
7,499
Passenger e arn in g s.............
..$14,786,744
$12,774,852
$11,883,395
Freight earn in g s..................
----44.909.137
42.341.651
40,426.880
Mail, express, &c., earnings____
5,151,013 4,780,960 4,022,346
Total earnings.......................................... $64,846,894 $59,897,463 $56,932,621
M aintenance of w ay---------------------------- $8,472,825 $7,288,603 $6,451,588
M aintenance of cars and engines............ 7,724,569 7,270,774 7,079,774
T ransportation and traffic....................... 27,469,993 23,098,477 22,628,232
T a x e s ............................................................. 2,529,373 2,428.676 2,304,963
M iscellaneous----------------1,123,610
1,073,385 1,004,120
T otal expenses.......................................... $47,320,370 $41,159,914 $39,468,331
N et e a r n in g s ..................................... .$17,526,524 $18,737,549 $17,464,290
Outside operations, n e t..........................
207,620
373,955
179,683
DIvs. on Mllw. L and, Ac., stock ..........
804,880
In t. on Ch. M. A P ug. Sound b o n d s.. 6,059,496
O ther Income (net)...................................
895,067
50,686
655,797
T otal net Incom e..... .............................. $25,493,587 $18,907,918 $18,494,042
Interest on funded d e b t...................
$6,651,215 $5,855,717 $5,916,760
160,589
Interest on European loan............ .........
D ividends on preferred (7 % )_ .............. 8.115,233 5,806,780 3,495,373
D ividends on com m on (7% )________ 8.116.220 6,966,743 5,817,381
T otal deductions..................................... $23,043,257 $18,629,240 $15,229,514
Balance, surplus............................................$2,450,330 $338,678 $3,264,528
O FFIC E R S.— Chairm an, Roswell Miller, 42 B roadw ay, Now York;
President, A lbert J . Earllng, Chicago; T reasurer, F . G. R annoy, Chicago;
Gen. M gr., D. L. Bush; Sec., E . W . A dam s, Milwaukee, WIs.
D irectors— Roswell Miller, New York; A. J . Earllng, Chicago; L . J .
P etit, Milwaukee; J . Ogden A rm our, Stanley Field, Chicago; Frtfnk S.
Bond, W illiam Rockefeller, D onald G. Geddes, Jo hn A. S tew art, Percy A.
Rockefeller, W alter P . Bliss, Charles W . H arkncss, John D. R yan, New
York. N. Y . office, 42 B’w ay.— (V. 92, p. 186, 525, 593, 659.)
C H IC A G O M I L W A U K E E & P U G E T SO U N D R Y.— (Sec M a p .)— 1T his
road forms the Pacific extension of the Chicago Milwaukee A S t. Paul R y.,
com pleted through to Seattle and opened Ju ly 1909. Extends from M obrldgc, S. D ., to Seattle and Tacom a, 1,463 miles, Including 66-m llc Lewis™n.c b, of which 26 miles from m ain line to Tacom a Is owned jointly
w ith Union Pacifto and 35 miles Is trackage. In O ct. 1910 396 miles of
branches had been com pleted, of which 39 miles were built jointly, and
199 m iles were under construction, of which 9 miles to bo built jo in tly.
of branchesofwere
BONDS.—T otal authorized £77
Issue,mUcs
$200,000,000,
whichopened.
$123,000,000.
together w ith the entire au th . Issue of $ 1 0 0 ,0 0 0 ,0 0 0 stock, were turned over
to the C. M. A S t. P* R y .tre a su ry for the $123,000,000 advanced for con­
struction. In Mch. 1911 $25,000,000 of said bonds, guaranteed p. A 1. by
the C. M. A S t. Paul R y., were sold. V. 92, p. 593. 659, 725. Bonds cover
road, term inals and equipm ent, and run to m atu rity . A uth.stock is to be
Increased to $200,000,000 in May 1911. V. 92, p. 955, 1031.
D IV ID E N D .— F irst div., 2 % , was paid Feb. 1911 from earns, of fiscal
year end. June 30 1910. V.92, p.525. P res., II. R . W illiams, S eattle, W ash.
E A R N IN G S.—8 m o s .,/1910-11____Gross, $9,594,839; net, $4,135,500
Ju ly 1 to Feb. 28. \ 1909-10____Gross,
______ ; net,
__
For 6 m onths ending Dec. 31 1910, surplus after charges was $1,635,952.
V .9 2, p .7 2 5 .
R E P O R T .— R ep o rt for 11 m os. ending Ju ne 30 1910, In V. 91, p. 651,
showed (1,434 average miles): O perating revenues, $10,765,704; net (after
taxes), $5,293,312; other Income (including hire of equipm ent, $648,118),
$650,638; in t., Ac., $3,747,744; bal., sur., $2,196.206.— (V. 92, p .055,1031.)
C H IC A G O & N O R TH W E S T E R N R Y .— (.See M a p .)— O perates an Im­
portant system of roads uniting Chicago, 111., w ith O m aha, Neb.; S t. Paul,
M inn., w ith the great w heat belts of D akota, N ebraska, Ac., and w ith the
mining regions of Michigan and the Black Hills, IncludlngRoad owned in fee—
M iles.
M iles.
M ain lines, A c.................................7.506 De Puc L and A E ast, (leased). .
3
Entire stock owned—
Sundry trackage............................. 42
Princeton A W estern-------------Wolf R iver V alley_____________
T otal Ju ly 1 1910__________ 7,629
S t. Paul E astern G rand Trunk
Second trac k ................................ .. 826
(leased) -----------------------------H as large Interest In Chic. S t.
,
Paul M inn. A O m a h a ............1,739
H IST O R Y , Ac.— A V anderbilt line (V. 75, p 1086) organized in 1859.
In Ju ly 1884 the capital stock of the Frem ont E lkhorn A Missouri Valley
was acquired, and In Feb. 1903 the road was absorbed. Its securities, ex­
cept those held by Chic. A N. W „ are In tabic above. V. 75, p. 514, 516;
In 1900-10 various proprietary roads were purchased. V. 71, p. 291, 294;
V. 73. p. 294, 1010; V. 75, p. 446; V. 81, p. 840; V. 89, n. 671; V. 91. p. 790.
Jam es R iver Valley A N . W. R y. was Incorp. In 1909 to build branches
from B lunt to G ettysburg and from Oneida to H itchcock, So. D ak., 130
miles, and the Milwaukee S parta A N orthw estern R y., 178 miles, in Mil­
waukee, W aukesha and Dodge counties, WIs. In S ept. 1910 about 100
miles had been com pleted and 250 were under construction. Sioux City,
la ., to H aw arden, 43 m ., opened Nov. 1910. V. 89, p. 1410; V. 91. p. 808.
oo9A PIT 4 L STOCK.— the com . stock, $2,334,042, and of the pref. $3,8,3,! ’A en2.^nc(! ln com pany’s treasury In Ju ly 1910. Pref. stock has prior
right to / % : then com. 7% ; then pref. 3% , then com. 3% ; then both classes
fbiwo. In 1903 the authorized com . stock was Increased from $41,448,366
to $77,601.045, and in Oct. 1906 to $177,604,800. V. 84, p . 157.
Stockholders In Jan . 1910 subscribed for $30,502,650 common stock at
par, raising the am ount outstanding to $130,121,500. V. 89. P. 1482.
I*' July 1910 U. P. system (Ore. Short Line) owned $4,018,750 stock.
The consolidated sinking fu n d bonds o f 1915 have voting power.
D IV ID E N D S—
I *86-’93. ’94. ’95. ’96-’99. ’00. *01. *02-’10. 1911.
Common
..........................
J 6 y ’ly 3 -7_4 yearly
5. y ’ly 6 0 7 y’ly Below
P re fe rre d ...........
..
% y’ly On com mon Jan 1911, 3 H % (scm l-ann.);
A pr., \ H % , dlvs. to be quartcrly hereafter.

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38

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
{For abbreviations, A c., see notes on first page. ]
Chicago & N orth W estern (Continued) —

Miles Date
Road Ronds

114 1900
50 1906
Branch Line Bonds Assumed '
Boyer V alley R y 1st M g S16.000 per m llc.P...
90 1898
Minn A la R y 1st M gold $10,000 per m ile. .F .c '& r 119
1899
M ankato A New Ulnr 1st M gold $416,000--F.o»&
26
1899
■ Southern Iow a llrst m tge $1,120,000 golrt._F .c’ A
56 1900
Princeton A N orthw 1st M $2,100,000 gold F e *
105 1901
Peoria & N orthw est 1st M $2,125,000 fold F o *
85 1901
b ipus City & Pacific 1st II gold $ 4,0 00 ,0 0 0. .F ie A
125 1901
Minn & bo Dak 1st M gold 5528,000
Fc
1900
33
Iowa M innesota A N orthw estern 1st M gold F c*Ar
1900
From h lk A M V cons M $25,000 per mile assumed 195 1883
Chicago Peoria Gc St 1.—P r lien M g call at 107 1, Ta c 1.170
235 1900
Consol m tge $2,000,000 gold call a t 105
i ?',i
235 1900
Incom e m tge gold (text) non-cum call a t'p a r
235 1900
A « o c l;Ur$4e000 n h n S"ea unaer Reorddnizalion Plan
. . . ____
r,
r ' ' f I1. r i “
51 i ™ 0 ' g o l d ,.c<i ' t c i ' t ' "
1902
C,,I,|Co ? d i.l7 PJ‘oCO ^ Y 5oU U' M S75'n00'0l)0- -C c c * * r
1909
c lf e W 8 ^ f o ,si,,,a:
765 1S77
General m ortgage $100,000,000 g o ld .. . . , 11a c-A r 2,395
1898
Coll tr M g Scr I to P flue yearly reel 101 V> C or*
1902
5*{ “ £ iZ :h9PP-£°? ??ld r?d 10a to l u ll ,Ce.o®&r Text 1904
292
1881
HCr
a
n
Kc
Pw
1
r
*
,
N
„
w
lst
ln
tSc
gold
guar
.Ce.c
D C R A Nor consol first m ortgage go!d__Ce.c* Ar 998 1884
M inneapolis A S t Louis ls t M gold (assumed)
F
12 1877
Koclc Island A Peoria cons ls t M (V 75, p 30) Mn 113
1885
Choc O & G general (now 1st) M $5,500,000 g.c'*Ar 351 1894
Choc A Mem lst M $3,750,000 assum ed. (JP.cA r 282 1899
L Rock Bridge 1st M assum ed g red (text) .(lP .c*
. . _ 1899
Consol m tge (see text) $30,000,000 gold._.G P .c* 335
1902
R I A & L 1st M $30,000,000 g gu red 105 Ba.xc* Ar* 308
1910
In addition, sinking fund O ct. 1910 held: g $181,000: h $2.0 13,000:
p all in sinking fund

Par
A m ount
Value Outstanding

Rale
70

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

$1,000 Ac $3,750,000
J
3M g
1 1941
1.000 Ac 2,500.000
3 H g J A J Jan
Jan 1 1941
1.000 Ac 1,440.000
SKE
D
1,000 Ac 1,904, OOC 3 k g J A D June 11 1923
1924
1.ooc p416,00(1
A A o Oct 1 1929
3
H
g
1.000 Ac NoneDec’ 1C 3 k g M A s Sept 1 1925
1,000 Ac n 1,940,000
3 k g J A J Jan 1926
1,000 Ac 2,125,000
3 k g M A s Mch 11 1926
1,000 Ac 03.926.000
3
H g F A A Aug 1936
528,000
1.000
3 k g J A J Jan 11 1935
1,000 Ac 3,900,000
3
k g J A J Jan 1 1935
1.000 7,725,000
A A o Oct
1,000 1,950,000
4 k g M A s Mch 1l 1933
1.000 2,000.000
J A .T July 1 1930
1,000 2.000,000 Up to5% wh earn. July 1 1930
1930
_______ 4.000,000
2.000,000
years
1,000 Ac 71,284.000
4 g M A Dv T 30
Nov 1 2002
Sec tex t
5
M
&
s
Sept
1 1913
100 74.877.200
’l l 1 M
1,000 Ac 12 ,,500.000 4 y2 6In* 10
j M ch31l 1917
1,000 Ac 61,581.000
1
1988
1.000 10,458,000
M A N
500 Ac 91,112,000
o
1.000 1,905,000
A A o
1 1921
1,000 Ac 11.000,000
500 Ac
150.000
I)
7
g
J
A
1,000 Ac
450,000
6
J A J
1,000 5,500.000
J A J
1 1919
1.000 3.525,000
f & J
1,000
215,000
J A J July 11 1949
1919
1.000 5,411,000
M
A
N
100 Ac 11.000,000
Hi gM A S
k $202,5 00: m $ 1.045 ,000 (aIs o $19.79 2,000 on hand)

BON DS.—General Mortgage.—See A bstract In V. G5. p. 1175. The
authorized issue Is $105,000,000 (U. S. T ru st Co., trustee); $131,045,000
were reserved to retire underlying bonds (of which $40,113,000 had been
retired n J a n u a ry 1911). and rem ainder for additions and Im provem ents.
$4,000,000 at once and $1,000,000 a year thereafter. V. 65. d 1070' V 05
p. 69. 111. 571: V 75. p. 980: V. 88. P. 280, 563. In Nov 1910 $15 6oo‘.(X)()
gen. 4s were so d to retire $12,000,000 p rio r bonds and for other purposes.
On Ju ne 30 1J10 there were $30,271,000 gen. 3 Ms outstanding and there
VC91?p nC1385[ Vh<00Op P 148!)“ 'v 9 “ ° fr0{’I' 7thc trustce $19,792,000 bonds.
n / J bn tSu t '‘\ tQ
nre !*!l prcd i>y deposit in tru st of $18,000.
t hpinli
aj f
Per m,le on subsidiary lines, the m ost Imggg ^ofbf s 7 <ld ?*5{313.000
? ^U dnnn^‘Sareupplem
ent”sinking
of M ayfund
1894.Is a Of
the sinking
8s; the
tjlcast
1% of fund
out­
,i),0r.. n' W,have
‘ C1 are
to call
105, and through
Its operation
those. outstanding
beensubject
reduced
froma t$15,000,000
to am ount
In tabic.
1 he extension bonds of 1886 are secured by deposit In tru st of llrst rnortT„mdi\S f1910
‘ « rat0
^ S ? dA?,S iFrem
20'000
mile. AIncluded
In thelstscollata' a L:,r'I17
werono.t,
$10,675,000
ontPcr
Elkhorn
Mo. Valley
and
$2,560,000 W yom ing C entral lsts (consolidated w ith F. E. A M. V ) Ac
The Fremont Elkhorn A M issouri Valley consols have a llrst lien on 1.170
miles (Frem ont. N eb., to Dcadwood, 3. D .. 557 miles, and branches to
H astings, Albion, A c.. 613 miles): b u t besides the am ount of Issuo given as
outstanding In the table, $10,675,000 (along w ith $2,560,000 W yoming
C entral firsts, A. F. E . & M. V. Issue) arc held as part collateral for Chicago
& N orth W estern extension bonds of 1886.
.G E N E R A L FIN A N C ES.—Stockholders In Feb. 1907 subscribed for
$24,401,000 com. stock a t p ar and In Ja n . 1909 for $30,502,660 additional
"took- V .8 3 .D . 379. 817. 1098; V. 89. p. 1482. New term inals In Chicago
to cost $20,000,000 are to bo com pleted about M ay 1911. V. 87, p. 479
881. 1159; V. 89, p. 670; V. 91. p. 807. In Jan . 1909 sold $16,250,000
2 H s. Including $10,000,000 generals, and In N ov. 1910 $15,000,000 gen. 4s.
V. ,88, p. 230. 563: V. 91. p. 1385.
EA R N IN G S.—8 m o s.,/191 0 -11 ...G ross, $51,157,835; net. $15,007,207
July 1 to Feb. 28. 11909-10...G ro ss, 49,453,944; n et, 14.454.950
For 5 mos. ending N ov. 30 1910. n et, $10,024,012. agst. $11,571,877;
last's. $1,335,000; other Income. $911,745; Int., rentals. Ac.. $3,767,225;
dlvs. on com . and pret. stocks a t 7% and 854 yearly, respectively, call for
$3,795,210 and $746,500, leaving $2,191,822.
R E P O R T .—T he annual m eeting Is held the third T hursday In O ctober.
R eport for 1900-10 a t length In V. 91. p. 785, 806; editorial, p. 837.
Operating Revenues
1909-10.
1008-09.
1907-08.
Average miles o p e ra te d ........................
7,629
7.635
7 63t
Freight revenue.........................
$49,536,839 $43,619,091 $41,949,630
Passenger revenue........................
18,431.017 16,875.668 15.734.607
Mall, express. Ao....................................... 6,207.828 5,483,712 5,530,107

[VOL. LXXXX1I.

Co’s off. I l l B 'w ay, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Liberty N ational Bank
Ju ly 1908 coup last paid
F irst N ational B ank, N Y
First N at B ank, N Y
do
do
do
do
First N ational Bank, NY
do
do
do
do
do
do
do
do
do
do
do
or P hlla
do
or Phlla
First N ational Bank, N Y
do
or Phlla
do
do
11 $160,000: o $74,000:

O ut of the $2,850,000 "general & refunding" 4 Ms, $850,000 will be placed
andm i 3 « « 5» ated th at after providing for the lloatlng debt
n cw com pany will have free treasury assets In cash and "general and rcm ortgage bonds of over $1,000,000 to m ake needed Im provem ents.
..
com pany will have a fixed annual charge of about $154,000 for
the first 6 years, which will be thereafter Increased about $15,000 by the
Increase in ra te from 3% to 4
on the $1,100,000 new bonds Issued In
exchange for old consols.
Security-holders who prefer not to m ake a cash paym ent as above provided
arc olfercd In new stock a t face value voting trust certificates for $ 1,0 0 0
Income m tge. bonds. $60 In new stock: for $100 pref. stock. $4 In new stock:
for $ 1 0 0 com m on stock. $ 2 in new stock.
E Ju
n,I?,?fi
P ^b:.8 o5nos*
n S iR '!i............Gross,
ly 1l rJtoG te
28. *11909-10--------Gross, $1,207,487:
1.238.625; nnet,
et, $116,218
245.619
«$1,766,968;
1 ? 5 F S 5 T f05 ye.ar to Ju ne 30 m o was in V. 92, p. 113, showing: Gross.
n et. after taxes. $228,065; other Income, $6,978; Interest (not
Incl. consol. M.) and rentals. $122,988: bal., su r., $112,055. Chief Exec.
Office. Jo hn P. Ram sey. Springfield. 111.; Sec. and A ud.. H . W . Berger.
Springfield, 111.; T reas., F . J . W ilson.— (V. 90. p. 1675; V. 02. p. 113.)
i n £ ? ^ O
& PACIFIC RAILROAD.— Incorporated In
{PJS1
^ , 1J0n2
an operating com pany per plan V. 75. p. 239, to
nnnerw$?ri}
Pao- Island
Railw ay.
The entire
000.000)
Is owned by The *Rock
(holding)
Co. capital stock ($145.­
BONDS.—-The collateral trust 4s of 2002 (authorized Issue $75,000,000)
are secured by a pledge w ith th e trustee of an equal am ount of the stock of
?$74,877,200
7h4 B7 7 m ' i t
\ n Apr. 1911 $71,284,000 of the
Railway stock had,ac»?u
beenlrcaacquired
T he $17,364,180 5s secured by S t. L. & S. F . com mon stock were called
for paym ent a t 102 M and interest on Feb. I 1910. calling for $17,798,282.
the sale of the stock, it Is understood, realizing $ 10.852.612. The rem ainder
xt xnn RfvrCn
^ ea?r!?,e
Sf t.h ei^
? ia which
t ’J r\latwere
5s wpurchased
a3 Provided by tile sale of
new
53 duo .Scpt.
1913,
by T he O. R . I. A
P. RIG andJ ore
held In Its treasury. V. 89, p. 1667.— (V. 0 1 . p. H 54.)
D\rXfs
aS«lPn«<
l?,dRRv^i5kAND & PACIFIC B Y . — (S e t M ap Rock Island C o ..
JS 8rtand 1 0 9 ,)r ^ rb e system extends from Chicago, IU., via O m aha,
S anta
Colorado Springs. Col., and. via Kansas City. Mo . to
s w P ° sa- New M ex.( there connecting w ith the lines of th e El Paso *
dne tn th i' S l ' i for'nln* w ith them and the Southern Paclllc a through
in d
w
also ,r!,m T ucum carl, N. M .. to M emphis. T enn.
,'y ° r t 8 . T ea., on the south and on the north to M inneapolis.
M inn., and W atertow n, S. D ., with num erous branches, viz.:
Owned in Fee (4.930 M iles). M iles. Cap. S lk . all owned (2.181 m .) M iles

Chicago, III., to Col. Spgs., C o l.1,063 C h oc, O k la . & G u lf ( ( e a s e d ) ... 907
D avenpo rt, la ., to T c rra l, O kla. 708 C h . R . I . & E l Paso R y ............... 153
H cring ton , K a n ., to T ex hu m a,
C h . R . I . * G u lf R y ...................... 469
O k la ........................................
323 S t. L . K . C. A C o l. R R ................. 284
Rents— d e b its ............................................. 1,397,278
818.848
B
u
rlin
gton
,
la
.,
to
M
Inn'p.M
Inn.
308
R o c k Is la n d . A r k . A L a . R R . 308
Interest on bonds. Ao............................ 7,583,447 7.003,926
V inton. Ia .. to W a te rt’n, S. D . 376 Per pel. lease; treated as owned —
Sinking funds and other p ay m e n ts..
246,149 252,687
B ranch lin es........................................2.152 P e o ria A B u re a u V a lle y R R . Co. 47
Dividends on com mon stook, 7 % ____ 8.040.438 6,972.903
Dividends on preferred stock, 8 % . ..
1,791,600 1.791.000
T o tal m ileage ow ned directly an d throu gh cap ital stook, Ao .
7 158
Leased Lines (see statement for each). K eokuk A Des M oines R y .,'ir,2
Balance, su rp lu s...................................... $2,406,459
$5,170,700 $4,874,419
m .: W h ite A Black R iv er V alley R y . C o., 62 m .; L ittle Rook A H ot
Springs W estern R R . (now S t. L . t. M. A S o u th ern ), 22 m iles
240
O FF IC E R S.— Pres., W in. A. G ardner, Chicago; V .-P., s . A . Lyndc:
T rees., M. B. Van 7.anilt, N. Y.: Sec., John Davis Caldwell, N. Y .. i l l Bwv Trackage: D enver, Pueblo, K ansas C ity. A c...........................................g20
D irectors.— M arvin Ilu g h ltt (Chairm an). W . K . V anderbilt. F. W Van­
T o ta l m ileage Ju n e 30 1910....................................................................
8^024
derbilt. Chaunccy M. Depcw. Jam es .Stillman, Jam es C. Fargo W K
V anderbilt J r.. N . Y.; Byron I,. Sm ith, Cyrus II. McCormick. Chaunccy
Island Interests In A pril 1906 acquired a h a lt Interest In ’the
Keep. John V. Farw cll. W m. A. G ardner, Chicago; II. 0 . Frlok. P itts­ ™ Tldhety R*ock
V all(T H7.7 ow ning a line from C leburne to H ou ston . T e x .,
burgh, P a.; David P . K im ball, Oliver Ames, Boston; Zenas Crano, D alton 230 m iles. Bwraao?
to VVaxahatchle, 07 m iles, an d trackago rig h ts from
Mass.; H om er A. Miller, Des Moines, la .— (V. 92, p. 117, 321, 794 1031 ) C leburne to FHho rtbranch
W o rth . W axahatchle to D allas an d H ouston to (ialrc sto u .
E
xtensio
n
from
A rk ., to C rossctt, A rk ., an d to E unice l a
CHICAGO PEO BIA & ST. LOUIS RY.— R O A D .—Owns from Pekin to 308 m iles; u n d er c hHaaskell,
rte r of R ock Island A rkansas A L ouisiana R R was
G ranite City, III., 180 miles; G ranite City to M adison, 2 miles; Madison to com pleted early In 1908
BO N D S b eliw In M ay lL lo 113 m h S
Bridge J e t.. 3 m .; H avana to Jacksonville. 111., 42 m .; branoh. Lockhavcn w ere opened from A m arillo, See
T ex ., w est to T ucum carl, N . M.
to G rafton. 8 m .: total owned. 235 m .; trackage. Peldn to Peoria, 10 m .:
In Sprlngheld. 1 H m .; to S t. Louis S tation. 9 m .; total 255 H miles,
H IS T O R Y . — A consolidation Ju n e 2 1880 w ith $50 000 000 sto rk
n-m f i r r were
1 1909appointed
Prc? ' J 3hnrcoclvers.
p - R am sey
enryand
M. Ju
M errlam
Sprlng- n IR JiUn rrl nb?n V 1
^each
r h<h $100 sto ck being
c a p itaexchanged
l’sto ck h adforbeen
the and
Jan uHary
ly 1909ofcoupons
po sited per(Pja “
th e de­
folr r w «??sols be,ne ‘.n d efau lt- v - 80, p. 41. T he Chic. Peoria & S t. L: low lng securitlM . $ 100 Ia lO J’ycar 4% gold bonds of th e Chic. It. I. A P ac.
pref. an d $100 com . sto ck of T ho "R o c k Island
s tS ir v oorporVeC.d. 88 successor on Dec. 6 1909, w ith $4,000,000 auth . Railroad
nrvanlraH on^iJ5' 1,ldV., " , A|!r,' 1911 the date of foreclosure salo and re- C om pany (of New Je rsey ), w hich ow ns th e en tire c ap ita l stock of th e
° rS?,iw»t„0?«S erc,u n i ti n g decision In 2-eent fare suit. V. 90. p. 1675.
aa
8 tatem cnts for those com panies.
i
t
Commi t t ee.—Charles H. W arren (Chairm an), George F. Iia>i}u0
T h e pro p erties of th e form er B url. C edar R apids A N or. an d R ock Isl. A
P e o r i a arc now ow ned in fee
v. 74. p. 1194. 1250. S tockholders voted
B an k ers''Tn?sA Co.d N
34 Na83ttu S t '
D ec. 15 1910 to m eigc th e Chicago R . I. & El P aso, 153 m .
of t,le abovo com m ittee, declared operative O ct. 26 m n ^ V/iQ Q N D S“ “ o, }’M 2 ‘ !?3. ’04. '05. '06. '07. '0 8. '0 9. '10. 1911.
nnn na i,lcw1iCO' shall acquire the road after foreclosure, subject Since
1899..........o y'ly. 7 u 8 X 7.88 6 5 M 5 M 5 W 4 U 1 . I k
°Vr0h2°0 prl<?,a l,c‘.1 m tge. of 1900. of which $1,950,000 arc outD ividends
to cover only Interest req uirem ents of th e Chic.
st a°1 heAplan
n r(V. 89.
on nm
,s
&lvcu
power
to
sell
In
the
com
mon
Interest.
p . 285) authorizes an Issuo of $15,000,000 "general and sto ck fa te Si S
v : O96.Wp!0628f6e28e<IUCed ° “ Sa‘° ° f Ul0 S t' * S ’
•$1,100,000
i ^ Issuable
n In exchange
n
« Present
which arc
the lo m ^ x io ^ in n n fin a t *®Pcral ds, of 1898, those unissued aro av ailable as folfor
the oldIssue,
consols$2,850,000,
and unpaidofcoupons
to bear only 3% Interest for the first 6 years. For six years the new bonds m entsSani?a?Iim ,| nhYpntn? vcr .000.900 per ann um for perm anent im proveJPr ?<)I7- Iimikers" TV , Pl V,e q u lp m cn t' an d *12.500.000 to re tire th e llrst 0s
° °5i1 ^$-,000,000
o
y,!n be
t - t,atc
on 00todays*
aJ tfc.107 bc
M. Of the fbonds,
will
reserved
refundnotice:
prior thereafter
Ilcnjbonds
'8(1' pS t4 ? f 3 r " trU3tCCSand $160,000 for use to aid In refunding, and $10,000,000 for extensions,& c. M tge.‘ A bstracto r! v ! w . p^°522% W
T o t a l o p e ra tin g re v e n u e s .................... $ 7 4 ,1 7 5 ,6 8 4 $65 ,978 ,47 1 $63 ,2 1 9 ,3 4 4
T o t a l n e t In c o m e ..........................................$21 ,525 ,37 1 $ 2 2 ,6 1 0 ,7 5 5 $21 ,8 5 5 ,4 8 5
4 60 ,159
7 ,5 0 5 ,1 8 4
2 5 1 ,4 6 0
0 .9 7 2 .6 7 2
1,791.000

bv
ofC(h
1s ot
1902A (*24.(XX),000
authorfze'd)
Basis o f Exchange of Old Securities for New.
by depos'it
deposit of
all lstrl'
stockf ofX,0rm
Choc.
O kla.
Gulf R R . V.74,p.775,
829.arc
930,secured
1350.
For Each Old.
Out.
I
f
Pay.
New
Stock.
Ref.
4
Hs.
R
E
F
U
N
D
IN
G
4%
B
O
N
D
S
OF
1901
($163,000,000
A
U
TIIO
IIIZED
ISSU E )
$1,000 Consol.$M. b o n d s ..$2,000.000
'500
01)
$625
00
. 100 O verdue c o u p o n s.. 10 0 .0 0 0
th<!r dlroo“
y or through
pledge
of entire
bonds
of
*50 00
62 50 cue com panies owning
the same)
on term inal
property
In aIssues
t Paulof am
i Minp i - * car t r u s t s . . . ls i.o o o
1,000 00
1.000 Income
M. b o n d s .. 2.000,000
$100 00
100
00
400
00
Pan
wavs’
coJL'lr1
n
p
a
n
d
shops
llt
Sllvlsnear
E
ast
Moline.
III.,
anil
on
100 Preferred stook . . 3,750,000
7 00
a K the
h * other ilines
| 155 ofIy ll,the
cs; system
a,so a J«j>l«r
subject
oxlstlng
m ort7 00
24 50 vaveJ
(•a?ea nn
pp al|
of the Hen
Railway
comtopany,
aggregat­
100 Common sto c k ___ 3,600,000
3 00
!) 00
3 00
ing, exclusive of leased lines and trackage. 5.682 miles. Mco V. 78. p. 228.
•Intcrcstlonjthcse bonds reduced to 3% for Orst six years.




234: V . 79, p . 1716. 2200; V . 84, p. 219; V. 85,'p . 98: 1478.

• •

■

A p r .. 1911.J




RAILW AY STO CKS A N D BONDS.

39

40

RAILW A Y STO CK S A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page]
Chicago Rock Island & Pacific (Concluded) —
S t P A K C S hort L— 1st M g gu red 105-Ba.xc* Ar*
B ock Island-'Frlsco Term 1st M g guar Jointly
Peoria R y Term 1st m tge gold guar jointly re d ”
2d m tge guar Jointly as to principal only
Equip notes due $325,000 seml-atl (V 84.p 338) _
do Ser D due 560,000 sem i-annually
do
do Ser C gold due $265,000 scm l-ann. Chic A R : Kiev M g gu p & 1 re d 'a t par.
Chicago St Louis & New O rleans—Sec Illinois C entral
Chicago St Paul Minn & O m aha—Common stock
Preferred stock non-cum Including scrip (see te x t)'"'
§ b S t I & Minn 1st M gold E lroy to L St C ass'd c '
,£ iS1,
ou. x,,C
ty, ls £S tMCKoIli
510.000
per ass'd
m ile. C.Cc.c
NorP W
is 1st
M Lake
to near
Spooner
e.c'
fa u lt Ste M arie & Southw estern 1st M assum ed c
Superior Short Lino 1st M 51,500,000 assu d lln ‘c<
C S t P M & O m tge $30,000,000 ($15,000 p m)CmS'
. do
do
consols Interest reduced
Chicago Southern—Sec Chic Terre H aute & Southeast
—-hicago Subw ay— Receivers’ ctfs $3,500,000 g red Dai
II T 1st M $30,000,000 gold red 1 0 5 . .
»rBOld
r°ded 105
Chicago r>mVr
Dock M
assum
red (see
105 text)
(V 68,_.pUsm.c*
333) Ar
Notes secured by 2d m tge Chicago Dock
Chicago Term inal Transfer—See II & O Chicago Term
Chicago Terre H aute & S E— Stock $5,500,000.
B eaford Belt first m ortgage
Southern Indiana 1st M g (see text) closed M (iP ,o ‘
1st and ref M $20,000,000 g call 107 H ___ IC.xc*Ar
Incom e M $6,500,000 call par (cum a ft 2 y rs)___ FC
Chicago & W estern Indiana—Stock (see t e x t ) ... ..
General m ortgage gold sink fund subj to call 105-C'
Cons M $50,000,000 g ......................... . . . |C.c* Ar
Chicago & W est M ichigan—See Pere M arquette R R
Chicago W isconsin & .Minnesota— See W isconsin Cent

Miles Date
Road Bonds
—
___
___
___
___
___
__
177
607
80
37
60
___
228
359
__
__
48

Par
A m ount
Value Outstanding

1911 $ & £
1907
$1.00(1
1907
1,000
1907
1.000
1907
1.000
1907
1,000
1909
1,000
1910
1,000
1904
1,000
1905
1,000
100
100
1878 500 &c
1879
1,000
1.000
1880
1,000
1890
1.000
1895
1.000
18S0
1,000
1880
1,000
1910
1,000
1903
1908 1,000 &c
1890
100
l ,666
1901
1910 1,000 &c
100 &c
____
100
1.000
1882
1902 1,000 Ac

CHICAGO ROCK ISLAND & PACIFIC RY.— (.Concluded)
Of the $1)1,112,000 of these bonds outstanding In A pr. 1911, $32,312,000
had been Issued for refunding purposes, $15,000,000 to reim burse treasury,
$23,800,000 for acquisition of property or securities and $20,000,000 for
Im provem ents. Of the rem aining $7l,8S8.000 bonds authorized, $49,713,­
000 were reserved for underlying bonds, $13,500,000 to pay for 75% of
th e purchase price of bonds of other cos., and the $8,675,000 balance for
Im provem ents and acquisitions of other properties or securities In Oct
1908 $9,000,000 sold. In Mch. 1909 $3,486,(500, in °\ug 1909 $1,494 000
and In Jan . 1910 53,500,000, In A pril and May 1910 S'1 696 000 ' In
Dec 1910 $3,750 000, and In April 1911 $1,4947000; m aking $i)i 112,000
outstanding, as above. V. 87, p. 10,89 1419' V 88 n 623 von- V 89
p. 666; V. 90, p 108, 236, 1170, 1424; V. 01. p .1 7 0 6 ; V . 92?'p l'031!
(’S i m i1,A it°rm n’ *iS5 *7 <*1.5°O.O0b au th . Issue), guar. Jointly with
L m V v w 2d
w '-5s|cctas t0to cal1
at 102 only.
X “ HerV.Ju 85,
ly 1n.1916;
guarantees,$280,000
principal
159. also Jointly
As to Chic. R I & p ac. E levator m tge., see V. 79, p. 2590; V. 82, p. 750.
As to Consol. Indiana Coal 5s, interest guar., sec V. 80. p. 2401, 2623;
form of guaranty, V. 82, p. 1499. Rock Island-Frisco Term inal R y. 5s,
guaranteed Jointly, V. 84, p. 569. 748.
ROCK I - A R K . A L A .I S T M .4 H S .O U A R . P . A I .. $30,000,000 A U T Il.
Secured by a direct tlrst lien on 308.18 miles, w ith trackage rights over
3 7 '8P miles. “ i O ” enulp. w orth about $1,600,000. Of the rem aining
bonds, $10,000,000 are Issuable for new mileage at actual cost, not exrced­
ing $30,000 per mile, and $9,000,000 a t cost of additions and betterm ents to
properties on which the m tge. Is a first lien. V. 90, p. 626, 699, 1161.
-K;,4sold Feb. 1911p are
. * to be$3secured
0 , 0 0 0 ,0 0 0 a u t h .
Of the bonds, the $10,000,000
by a direct
nrst Hen on 67.6o miles from A llerton, Iowa, to Carlisle, under construc­
tion, w ith trackage rights from Carlisle to Dcs Moines, 1 1m ., and a Ilrstllen
. 7\a the bonds (cash for paym ent of being on deposit), and a t least
li u °lin stock of the S t. Paul A Des M oines, operating I2l miles, of
which ll8 m . arc owned, the road Itself to be directly placed under the lien
of the m tge. as soon as possible. Of the rem aining bonds, $10,000,000 arc
reserved a t par for new mileage a t actual cost and $10,000,000 a t par for
actual cost of additions and betterm ents to properties on which the m tge.
securing tho Issue Is a first lien. V. 92, p. 526, 593.
, E A R N IN G S.— 8 m o s .J 1 91 0 -11 ...G ross, $46,709,485: net. $13,469,274
July 1 to Feb. 28. U 9 0 9 -1 0 .. .G ross, 44,693,148; net. 13,047,196
F or 4 mos. ending O ct. 31 1910, net, $6,721,421, agst. $7,819,667; taxes,
$942,193; other Income, $219,185; Int. and rentals, $3,766,937; bal., sur.,
$2,231,475. V. 92, p. 394.
. . . .
R E P O R T .— F o r year 1909-10, In V .91, p. 1154,1181; also edit., p. 1132.
Ypar ending Ju n e 30—
1909-10.
1908-09.
1907-08.
8,043
8,026
7.969
A verage m iles--------- --------T otal operating revenue............ .............. $66,220,579 $61,184,887 $58,484,197
O perating Income (after tax es)_______$15,274,509 $16,400,527 $14,558,122
T otal net Incom e---------------------------------15,497,741 16.611,998 14,686.756
In terest and ren tals------------------ . . . 10,749,860 10,445,767 9,968,653
D ividends--------------------------------------- 3,743,272(5^)3930019 (5^)3929785
Balance, surplus-------------- ----------- $1,004,609 $2,236,212 $798,516
O FF IC E R S.— Pres., H . U . Mudge; V Icc-Pres.,.Sec. and T reas., Geo. II.
Crosby', Chicago; VIce-Pres., II. M. Sloan: A sst. Sec. and A sst. Treas.
J . J . Q uinlan. N . Y. office, 115 B ’w ay.— (V. 92, p. 526, 593. 1031.)
C H I C A G O S T . P A U L M I N N E A P O L I S & O M A H A R Y . — (See M ap Chtcago A, North Western.)— RO A D .— Elroy, W is., to O m aha, N eb.. 593 miles;
other lines, 1,146 m .; total, July 1 1910, 1,739 miles, of which 1,669 arc
owned and 70 miles leased. V. 69. p. 1147.
, H IST O R Y .—
was a consolidation Ju ly 1880 of the Chicago S t. Paul
« M inneapolis, the N orth Wisconsin and the S t. Paul A Sioux City.
. In N °vcm ber 1883 Chicago & N orth W estern R y. purchased control,
viz., $9,320,000 common and $5,380,000 preferred.
S T O C K .-A uth o rized com m on, $21,403,293; preferred, $12,646,833.
Held by the com pany June 30 1910, common stock and scrip, $2,844,207;
stock
scrip, $1,386,921. Preferred stock has a prior right
to non-cum . dividend of 7% , but com . Is never to receive more than pref.
~ 1 ’93”’0 8 ’ ’*>7. *98. ’99. ’00. '01. ’02. ’03. '04. ’05-’10. 1911.
Common | None 2 2 3 H S 5 8 G 0 7 y 'l y F e b .,3 H
Preferred %J —------------------------- 7 per annum 13 H F. A A .)-----------------------I " A pril 1911 the $1,500,000 Superior Short Line R y. 5s held
1.o f5 c „tr e,a?,u ry ." '.l;re s° ld - v - 92, p. 954. Ch. S t. P. A Minn. 1 st (Is, due
...
Wise. 1st Gs, due 1930, are exchangeable a t option of holder
p 23&) e’ * ,m *• for conso1' 9s of 1880, due 1930. V. 08, p. 521; V. 77,
----- Cross. 511,298.065;
Ju ly 1 to Feb. 28. (1909-10........Cross,
10,049,513; net,
net, $4,042,108
3,484,751
to n q r
D.c a- 3 ! 1910’ n et- 53,282,376: against $2,766,874 In
rm u L n u J u J l ? „235' othcr Income, $71,371; fixed charges, 51,015,412;
V 8 ? |) 5 2 6 ^ /o
’ and prcf’ st00k’ $1 >043,455; bal., sur., $942,144.
R E P O R T .— Y ear ends Ju ne 30. R eport for 1909-10, V. 91, p. 786.
(909-10.
1908-09.
1907-08.
Total operating rev e n u e ....................
$13,524,650 $12,840,369
O perating expenses and tax es_____ -$15,095,023
- 10.571,958 9,474,108 9,100,121
„ He * operating Incom e----------------------$4,523,065 $4,050,542 $3,734,248
T otal net Incom e-------------------------------- $4,665,660
$3,950,764
Interest on bonds___________________ 1,611,567 $4,173,606
1,579.047
R entals and m iscellaneous___________ 438,808 1,602.773
308.593
266,663
D ividends on com mon stock ( 7 % ) ... 1,298,934 1,298,934
1,298,934
D vldcnds on preferred stock (7%) - - 787,976
787,976
787,976
N et surplus for year..........
$528,375 $175
$18,144
— (V .89, p. 1141; V .91, p .7 8 6. 1160; V. 92, p. 186, 526,955.)

P«cJcrretl

and




Rate
%

[V O L . LX X X X II.

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

$10,000,000
4H g F & A
New York and London
3,000.000
5 g J A J Feb 1 1941
T r Co of Am, N Y; A S tL
944,000
4g J A J
F
irst N ational Hank, N Y
280,000
5
J A J 2007
do
do
3,900,000
4 H F A A Aug ’Il-F eb ’17
do
do
240,000
6
A A () Oct ’11-Apr ’13 H arvey
Fisk
A
Sons,
NY
4,505,000
4
H gA A O
First
N
ational
Bank,
NY
6,300,000
4H gM A N
do
750,000
5 g A A O Nov ’1 l-M ay’25 F irst do
T r A Sav Blc. Chic
2,500,000
5 g J A D June 1 1935
G uaranty T rust Co, N Y
18,559,086 7 In 1910 F A A Feb 20 ’l l , 3 H Office 111 B’way, N Y
11,259,911 7 In 1910 F A A Feb 20 11, 3 H
do
do
1,194,000
6 g M A N May 1 1918
do
do
6.070,000
6
g
A
A
O
Apr
1
1919
do
do
631,000
6
J A J Jan 1 1930
do
do
350,000
5
M
A
N
Nov
1
1915
do
do
1,500,000
5
M A S
16,578,000
6
J A D
do
do
3,734,000
3 H J A D June 1 1930
do
do
3.000,000
5
A
A
O
See text
5g J A D
See text
5 g J A D Dec 1 1928
665,000
4 g A A O 1929
333,750
4
J A J July 1 1909
4,300,000
July 1 1938
7.537,000
4 g F A A Feb
1 1051
3,100,000
5g J A D
6,500.000 Sec tex t. Sec text. Dec 1 I960
5,000,000
6
Q—M 31 Mch 31 ’11 1 W,
7,341,667
Q—M
6g
Morgan & Co, N Y
37.772,000
4 g J A J July 1 1952
fr A S Bk.Cblc; ANY

SUBWAY CO.— Incorporated In New Jersey Nov 2 1 19(U
stoci^nf^AiP^Tin™*
theand
$30,000,000
authorized
and outstanding
of f.he Illinois Tunnel° *Co.
of the stocks
of the Illinois
Telephone
Co5utru,°,i
on,c
“Aam
l
thc
Chicago
W
arehouse
A
Term
inal
Co
1
In c Illinois Tunnel Co. had com pleted O ct. 1908 58 miles of tunne
electric m otors and cars, designed for the
io‘l « Sfer
between thc various railroad term inals In the City of Chl^a ^°Lan<I froJn tficse term inals to and from the downtown business district
IngtheaysT eim See3 V ^ J T p . 720;
dCVCl0|,l'11’r ttnd cxtcnd”
D cc- 1 1909 the Interest on tho first lien bonds was dem U T m lJ i receivers were appointed for thc controlled properties, the 1111Chicago W arehouse A Term inal Co. (I)avld It. Forgan
iK wforeclosure
G ’ P awcs suit
for the
er andunder
Edwthe
in A.111.P Term
otter .form tge.
the laoftte1913
r). In
I cb.S1910
wasform
brought
Receiver’s Certificates.— In 1910 $3,000,000 of au th . Issue of $3,500,000
ofythe fn T[PnneP<rn (s' w?r5 1,s1old• secured by a first lien on all tho property
' T un!’eJ .(l0 ’,?;t!5 cl>lcago Subw ay Co., to com plete thc telephone
pPened O ct. 1910 with about 20,000 subscribers. Should this be
v"l C„ ^ e,d ^ Sha ^ 0, ’0 ? 0 sl' bscr|hers. a new Issue of $5,000,000 certificates
v ,nfurther
.? ! , Issue
,y b0 of
m adc
redeem
the certificates,
furth erproviding
extensions.
No
receivers
certificates
can l>e mand
ade for
w ithout
for
this Issue. V. 90, p. 771, 848: V. 91, p. 462; V. 89, p. 1482.
He ganizalion Committee.— W illiam S tew art Tod, H enry W dc Forest
and L . C. K rautholf represent all classes of securities of the Chicago Subw av
Co., Illinois Tunnel Co. and Chicago W arehouse Co., being chosen bv a
large m ajority of each. V. 89, p. 1482, 1541.
y
In Dec. 1909 S utro Bros. A Co. requested holders of Illinois Tunnel bonds
to com m unicate w ith them to protect their Interests. V. 89. p. 1542.
STOCK —The authorized stock Is $50,000,000, of which $5,018,800 re­
m ains In the treasury unissued; par value of shares, $100.
1
19,9 8 ‘V y ^ ^ H K C d to exchange, per plau In V. 8 6 , n. 1284
\
th ? °,u ^ i 1/ 1 C|,*n ^517,000,000 Illinois Tunnel 5% bonds for Chic. S ub’
stock of the T fnnH rnb 0 ancl
ndn u by
SCCUfi
e<1 by t,cposlt of the Tunnel bonds, the
other
property, Including the subw ay comthe Worlds rs lV S 7 n 1nnn°nk
?
fi.the
Chicago
& Term
inal Co.
flrst ben. bonds hadW arehouse
been issued
In Mch.
1910* Of
In
nntlim eZ fpr,.Iln“ hls Tunnel bonds, $1,105,000 were in the hands of the
R ?n S ° T,cma1? ' ^ $13,025,000, w ith $6,000,000 Chicago Subw ay
VV. S8 88 , np. 100.
In n 3' Chicago
pledSSd
collateral
forSfloating
V. 87. p. li; i;
office,“ 1779
Monroe
t.— (V. debt.
91. p. 4624

HAUTE & SOUTHEASTERN RY.—

(S ee M a p .) —

c!’’ v,a Ierrc H aute to Seym our, Ind ., 271.66 miles:
m aciPh /» u br.a^ 1C5 ’in eym °Vo 5° W ^ tp o rt. 26.45 miles; Sullivan branch,
branch?* H38.09
w no8™
m a ? ’:miles.- °fd
to Oolitic,
4.19andm .;Illinois
other
m .,.Vf55’
total,i I358.87
Incorp.
in Indiana
?hoSthCmrccf t o ,5ho Soutbern Indiana R y. and the Chicago Southern Ry.
191U V 92 p 59)PCr p lan .V ’ 91> p ’ 337’ 333’ Possession taken Jan . 1
,,i ®T,GS,KhaveThc,.$4„
30 0,000 com. stock, except shares necessary to qualify
been placed In a voting trust until Dcc. 24 1920, unless
l?
n,a t£d
’ asA Provided
thc agreem
ent. Roy C. Osgood, Frank
i . laylo r and
Geo.
. Jackson,In voting
trustees.
r???!
r S w $20,000,000
i m m 1? u m50-year
V nrst gold
an,d. rcfurnUrKg
m ortgage"
will secure
ex­
bonds, covering
as a first
Hen thonotroad
a " d m ?st of the equipm ent owned by the Chicago Southern R y ami ns a
fPPW 11 Hd ITO'_tb h southern Indiana R y., subject to thc Southern Indian.
V l ()2' p 5’9 D ’
' They w b be Issuable as follows (see V. 91, p . 3 3 7
Issued to provide cash requirem ents of plan, replacem ent of
receiver s capital expenditures since May 15 1910, Ac
$ 3 inn 0 0 0
^suab le for corporate purposes, but not over $500,000 before July* ' UU,U
Reserved to retire 1st M. bonds of Southern Indiana liy
7 537’()()0
To retire 1st M. 5% bonds of Bedford Belt Rv
' ™ ’n m
R em ainder, ncl. any not needed for above purposes ""under
careful restrictions for extensions, betterm ents, Ac ’
7 5 1 3 000
su?i! 1 n,V",???n,C.n°!!,'bSc ? ^ l,ll?H r ln t';r.cst at 4 ' 5 for 2 years and 5% thereafter,
hrst
nCr ?).f 'it vCi atter two Years from date and payable for
w areinted ■ ?, m PL” ®* c ara |ngs to the extent th at tho board shall deem
Cf a a l,r!.n 's ',lbs“ ilIcnt years from net earnings determ ined ns proThe incomes will have a t all stockholders’ m eetings one
votes*hcfn?rC
:
,In
p a ,thc
kl’nll,le'
tbe mconditions
votes
being stated
income
ortgage and m anner of oas'lng such
se c T ire d ^ n Y ™ nn"»ai?? ls f M’.4s <“ “ Ited to $7,537,000 outstanding) are
iX h ™ and anih .ir? ad.i?n<! clJulp- owned by the Southern Indiana on
thereon1'ilm'l a nr?t u?n ?„thc licdfoid Belt R y. second to the m tge. now
merh?h'einmli?irnt? tfii?,o 0n.icvcry hxtenslon or branch from the road forno'w or'hereafter conM ru cted ^'see'v !?)' 1?
Cd" '1’' 10 n," cs 1,1 ll'nKth’
R E C E IV E R ’S R EPO R T , OLD COS.— For year ending June 30 1010:
Chic. Non.
Total.
$464,165 $2,068,693
SreSfflSP.!!??:.?t.he.r.,ncomc) -883,324
n im c re ? L f^
r e o r gju d z a 1 1o
y.
"t,i?es
l s t A esf
ref ’’on5 s $ ,Krvi1
o
1
"i801
on
*3.100,000
new
.°,00: Bcdtord Bolt R y- 1st 5s, $ 17,850. and $575,686
4 %“ hSlneoVenbo?d?.°n “ !
.
;
260,000
Surplus after new charges and Income Int. (V. 91, p. 337)_____ $47,638
tlonf6Chiomrn°Tlln
’ %(V.p ^n,tcr;
^ a s- 1448;
E - FV.- Young,
G rand Central Sta­
tion, cnicago, Ills.—
91. p. T1766,
92. p . 594.)
INDIANA
RR.— Owns
a valuable
termedinal
sys­
tem of roads affording entrance
Into Cnicago
to thc
roads nam
below;

A

pr

.,

1911.1

RAILW AY STO CK S A N D BONDS.

R A IL R O A D CO M P A N IE S
[For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

41

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

J1.000 $2,360,000
5 g J Sc J Jan 1 1955
Office 80 B roadw ay, N Y
C hihuahua & Pacific— F irst M gold--------------------- |>la 180 1905
Choctaw & M em phis—See Chic Rock Isl Sc Pac R y
Choctaw Okla Sc Gulf RR—See Chic Rock I & Pac Ry
1,000 As collat.
5 g M Sc S S ept 1 1933
Sept ’08 coupon not paid
C incinnati Bluffton & Chicago — 1st M $1,500,000 k . c *
52 1903
Cincinnati D ayton & Ironton—See Clncln Ham Sc Day
4 g M Sc N Nov 1 1923
1.000 1,150,000
J P M organ & Co, N Y
C incinnati Find & F t W— 1st M g guar end red . _N.o*
91 1903
100 S,000.000 See text T ext Deo 24 1003 2%
C incinnati H am ilton & D ayton—Common stock____
248.575
100
Pref, 5% (rem aln’g $7,751,425 cancelcd;V 91 p 1092)
1,000 2,000,000
4 H e J Sc J Jan 1 1937
J P M organ Sc Co. N Y
Second (now first) m ortgage gold_____________Fc*
59 1887
5 g J Sc I) Ju ne 1 1942
1,000 3,000,000
do
do
General m ortgage $7,800,000 gold__________ Mc.c*
59 1892
A Sc O Apr 1 1942
4
1.000 1,200.000
do
do
C incinnati D ayton Sc Chicago first m tgc gold_____N
95 1892
5 g M Sc N May 1 1941
1,000 3.500,000
Cln D ay Sc Ironton 1st M g guar (assumed) __-Cc.c* 167 1891
300,000
J
Sc
1,000
J Ju ly 1 1937
do
do
Cincinnati Sc D ayton 1st m ortg ag e_________
13 1887
A Sc O Oct 1 1929
300,000
6
i ,ooo
do
do
Toledo Findlay Sc Springfield 1st M ______________
14 1889
bl4,500,000
4
J Sc J Ju ly 1 1959
do
do
1st Sc ref M $75,000,000 au th , p art gu.Bax.c*& r*
All 1909 $ Sc £ c20,000,000
See text See tex t July 1 1939
do
do
General m ortgage $20,000,000 redeem able te x t-.C e
All 1909
4 g J Sc J July 1 1913
C entral T ru st Co. N Y
1,000 (111.557.000
1908
Coll tr pur m notesSl 1,557,000 g gu p&l red parCe.xc
540.000
1,000
4 H K AA Sc (),To Apr 1 1916 J P M organ Sc Co, N Y
Car trusts gold $54,000 due s-a begin Oct ’OG-.Ce.c
1905
1,000
644,000
Sc O To Oct 1 1914 R W Inthrop & Co. N Y
1904
Car tru sts $92,000 due sem i-annually_____________
54 H s J Sc D To June 1 1920 J P M organ & Co. N Y
1,000 2,204,000
1910
Car trusts Ser A due $110,000 scm l-ann________ I
C entral T ru st Co. N Y
5 g J Sc J Jan 1 1935
1,000 2,229,000
Ind Dec Sc W 1st M gold red /n o t g u a ra n te e d .. _( j 262 / 1895
933.000
5 g J Sc J Jan 1 1935
do •
do
1,000
1 1895
a t 110------- ---------------------lg u ar p Sc I (e n d )..
J
Sc
4,722,000
4
g
J
J
a
n
1
1953
J P Morgan Sc Co, N Y
1,000
C I Sc W 1st Sc ref M $8,200,000 g gu p Sc 1 cnd._1
361 1902
do do
4 H J Sc J Jan 11931
1,000 2,728,000
D ayton <fe Michigan first m ortgage guar p Sc l e n d .. 142 1881
250.000
4 g M Sc Ni Nov 1 1939
U n Sav Bk Sc T r Co, Cln
1.000
PIqua Sc Troy 1st M $250,000 gold guar p Sc I____c
9 1899
4 g M Sc N Nov 1 1923
J P M organ Sc Co, N Y
1,000 1,150,000
Cincinnati Find Sc F t VV 1st M g guar end red . _N.c*
91 1903
Cincin & Ind W estern—See Chicago Clncln Sc Loulsv
ayton
Cincinnati Indianapolis & W estern—See Cincinnati II
F Sc A Feb 1 1911 2% Cincinnati
804,500
4
100
Cincinnati Inter-Term inal RR— 1st pref stk (see text)
J Sc J Jan 2 1916
C entral T r Sc S D Co, Cin
200.000
5
1,000
38 1886
Cincinnati Lebanon & N orthern— First m ortgage.
Farm ers’ L Sc T r Co, N Y
4 g M Sc N Nov 1 1942
1,000 1.255,000
52 1902
1st con M $1,500,000 g gu p Sc I end (V 75 n 1398)
do
do
4 g F Sc A Aug 1 1948
1,000 1,743,000
Cin & Musk val— 1st M $2,000,000 g gu p A le n d ,F.c* 148 1898
100 3,000,000 5 In 1910 J Sc 1) Dee 17 1910 2 K Cincinnati
Cin New Orl & Texas Pac—Common stock $3,000,000
do
2,453,400
\1
Mch
1
1911
IK
5
In
1910
100
Q—
Preferred stock 5% cum ulative $3,000,000...............
N o v ’ 11-May ’10 E quitable T rust Co, N Y
1,000
970.000
4)4 g M Sc N Nov
1906
Equip trusts Ser B due $97,000 s-a (V. 82, p 9 2 8 )..
’11-May ’21 B ankers T ru st Co, N Y
M&N 15
1,000 1,000,000
4
do
Ser C due $50,000 s-a (V 92, p 1031) -Ba ___ 1911
or puroh. m oney notes of
b in d . Oct 31 1910 b $2,990,000 In treas. and $2. 333.00 0 coll f or tem po rary loans, there Is a Iso $13,0 00,000 add’l und 4s
of 1904.
1908. c $2,004,000 In treas. and $300,000 coii. f or tern porary lo an . d $19,0 00 to re tire rcm al nlng refunding
Its lines extend from Dearborn S tation, Polk S t., Chicago, to Dolton, 17 m .;
also to Indiana S tate line, 10 m .; to Cragln, 10 m ., and to South Chicago,
5 m .; to tal, 48 m .; total track, Including 2d, 3d, 4th tracks and sidings, 200
in.; also owns over 1,200 acres of real estate, passenger and freight yards,
warehouses, elevators, &c. The Belt R y. of Chicago leases and operates
110 miles of the 300 miles owned by th e Ch. Sc W . I., Its securities being all
held by the com panies leasing the Chicago Sc W . I.; see V. 00, p . 1058.
Proposed passenger station, ,V 89, p . 162.
LEA SES.—T his com pany's road and term inals are leased under per­
petual contracts to the W abash, the G rand T runk W est., the Chicago Sc
E astern Illinois, the Chicago Sc Eric and the Chicago Indianapolis Sc Louis­
ville, each of which five com panies owns $1,000,000 stock. T hey are also
leased to the A tchison, the Elgin Joliet Sc E astern and Belt R y. A nnual
ren tal m ust always exceed a t least 20% Int. on bonds o utst. V. 78. p . 819.
D IV ID E N D S.—
1 '95. '96. '97. '98. '99. '00 to M c h .'ll.'
P e rc e n t .................................................. j 7 M 6 6 6 6
6 yearly
BONDS.—The general m tgc. bonds arc draw n a t 105a nd Interest In
such annual am ounts as will retire the debt by m atu rity .
Of the consol. 4s of 1902 (auth. Issue $50,000,000), $30,745,607 have been
sold on account of track elevation and other lm pr’ts, $7,026,333 additional
were used to refund bonds canceled by operation of the sinking fund. $7,­
342.000 are reserved to retire underlying bonds and $4,886,000 for future
additions equal to a t least the p ar value of the bonds Issued. V. 87, p . 36,
1604, 1603; V. 88, p. 100, 374; V. 92. p. 394.
ANNUAL R E P O R T .— Fiscal year ends Dee. 31. R eport for 1909 was In
V. 91. p. 211. In 1910, gross Income,'$2,556.024; Int., &c., $2,221,936;
ell v s., $300,000; b al.. $34,088. Pres., H ow ard G. H etzler.— (V. 92, p. 460.)
C H IH U A H U A & PA C IF IC R R .— C hihuahua, M ex., to M lnaca, 125 mis;
E . Carplo Jo t. to Tcm osachlc. M ex., 55 miles. See K ansas City Mexico Sc
O rient statem en t and V. 71. p. 181. Stock Is $2,860,000: par of shares,
$100. Bonds, see table above. In Mch. 1909 the Mexico N orthw estern
R y. acquired the stock and bonds. V. 88, p. 718.— (V. 88, p. 748.)
CIN C IN N A TI BLU FFTO N & CHICAGO R R .— Road Is projected from
H untington to Union City, Ind., 75 m ., of which Bluffton to H untington,
52 miles, com pleted. V. 84, p. 1182. On March 14 1908 Jo hn C. Curtis
was appointed receiver. V. 86, p. 720. The Sept. 1908 coupon was not
paid when due. R eceiver’s certs. M ay 1909, $125,722 6s, due In 4 mos.
to 2 years’ tim e. V. 88, p. 1313. In Mch. 1910 application was m ade
for sale of road under $95,000 defaulted receiver’s certificates. V. 90. p.
697. Sale of road adjourned to late In April 1911. V. 91, p . 1629; V. 92,
p. 59, 881. Bondholders’ com m ittee, V. 87, p. 873.
Stock, $1,125,000. all of one class, Issuable $15,000 per mile: par of
shares. $100 each. Bonds, see table above. V. 84, p. 449, 509. For year
ending Ju ne 30 1909, gross. $83,883; net, $21,123: Int. and taxes. $51,315;
bal.. dcf., $30,192. P res., S. II. Braccy: Sec., Charles Blackburn: T reas.,
W m . George. Office, 1606 T ribune Bldg., Chicago, III.— (V. 92, p. 881.)
CIN C IN N A TI F IN D L A Y & FORT WAYNE R Y .— Owns Findlay, O ., to
F t. W ayne, Ind., 80 m .; also connecting link w ith the Cln. H am . Sc I). from
Delphos to M andate, 12 m ., com pleted Oct. 15 1904. V. 77, p. 88, 694.
Leased to Cin. H am . Sc D. for 99 years from Nov. 1 1903, w ith privilege of
renewal for like periods forever. V. 78, p. 286. Stock, $1,260,000, all
owned by the Cln. H am . Sc D., which guarantees bonds, prln. and Interest.
M tgc. Is lim ited by special agreem ent to $1,150,000, or about $12,500 per
mile. Bonds arc subject to call a t 102 K and Interest. V. 78, p .2 8 6,34 2 ,
701. Form of guaranty, V. 78. p. 701.— (V. 90, p. 697.)
C IN . G EO RG ETO W N & PO R TS. R R .— See "E lectric Railw ay Section.’
C IN C IN N A TI H A M ILTO N & DAYTON RY .— T he system includes:M iles.
M iles. Proprietary roads
Road owned—
C incinnati to D ayton O ............ 59 Cincinnati Ind. Sc W estern. . . 361
13
D ayton to Ironton, O ________ _ 165 Cincinnati Sc D a y to n .----18
D ayton to D elphos, O ________ 95 Columbus Findlay Sc N orthern
19
Trackage .........................
62 Bowling Green R R ---------------8
PIqua Sc T roy Branch .........
Roads leased — ('See this co.)
•91
D avton Sc M ichigan.................... •142 Cine. Findlay Sc F t. W ayne
H om e A ve. R R ..............................
3
T otal of a ll.............................. - -1.036
Also owns D ayton Sc Union Jointly w ith Clcv. Cln. Chic. Sc S t. L. and
■ ■ ■ ■ Cln.
■ ■ New
. Orl. Sc T ex. P . Ry.^ V. 75. n. 978.
Jointly w ith Sou. R___
y. controls
In March 1911 sold the $11,000,000 Perc M arquette R R . stock pre­
viously owned. V. 92, p. 596.
O RG A N IZA TIO N .—The com pany resum ed possession on Aug. 19 1909,
the finances having been readjusted w ithout foreclosure per plan of Ju ne
1909 (V. 88, p. 1436, 1498). u n d er the plan the m anagem ent of the system
was taken over by the B. Sc O. R R ., and the ownership of the controlling
stock Is to be acquired by th a t com pany a t the end of 7 years from Ju ly l
1909 a t a price then to be fixed by arbitrators; during the 7 years said
controlling stock Is to be vested in three voting trustees, one to be President
for tim e being of B. Sc O.
BONDS, Ac.—T he holders of 4 H % notes ($15,000,000) received for each
$1,000 note and Its coupons, $60 In cash and $1,000 of new gen. m tgc. bonds
(total issue $20.000,000). to draw interest as follows: 4 Yx% dependent upon
Income until July 1 1911: then 1% fixed and 3 H % dependent upon Income
until Ju ly 1 1914; then 3% fixed and 1H % dependent upon Income until
Ju ly 1 1916; thereafter 4 H % fixed.
1. First and refunding Mortgage dated July 1 1909, A uth. Issue, $75,000,000.
Covers all the railw ay, all leasehold rights, all stocks of operated lines and
all property acquired by use of said bonds. (See V. 88, p . 1498; V. 90, p.
771.) A m ount Issued $27,500,000, viz.:
(a) To pay or adju st Indebtedness due and accrued------------------ $7,500,000
(b) For Im provem ents now needed___________ — ............. ........... 5,000,000
..........- - ........................... 2,000,000
(c) For necessary working c ap ital
(d) F or collateral to $11,557,000 4% purchase m oney n otes. _ 13,000,000
Reserved for future use, $47,500,000, viz.:
additions, Im provem ents and b etterm ents---------------- 23,721,000
(e) F or refunding
underlying bonds............................................— 23.779,000
if).,TheForbonds
specified above as (b) and (c) and $5,500,000 of those nam ed
as (a) arc guaranteed, prln. and Int., by the B altim ore Sc Ohio R R . Co.KiS



U nder supplem ental agreem ent d ated Ju ly 1 1909 (V. 89, p. 469) $11.­
557,000 4% purchase m oney notes dated 1908 and due July 1 1913 (of
which a small am ount Is reserved to retire outstanding refunding 4s of 1904)
are secured by pledge of $13,000,000 new "first Sc refunding” 4s. These
notes are guar, by th e B. Sc O. See form , V. 89, p. 918. T he refunding
m ortgage bonds arc to be canceled.
2. General Mortgage {see table at head of page)— Total Issue, $20,000,000.
T he fixed Interest on the general m ortgage will be payable Ja n . 1 and
Ju ly 1. and the Interest dependent on Income (non-cum ulatlvc) will be
payable Nov. 1 yearly. Of the generals, SI.">,000,000 were issued In ex­
change for the 4 H % notes, the rem aining $5,000,000 for lloatlng d eb t. See.
In consideration of the undertakings of the B. Sc O ., the present bonds
Issued under the general m ortgage are to be subject to call on any Ju ly 1
prior to July 1 1916, for exchange for new 4% bonds secured by the gen.
m tgc. and guar, by the B. Sc O. as to prln. and Int. The present bonds are
also subject to call for paym ent at p ar and accrued Int. and the 4% guar,
bonds arc to be at 103 and accrued Int. on any Jan . 1 or Ju ly 1.
During July 1916 (or sooner. In ease of earlier acquisition by B. Sc O.
of th e controlling stock) the B. Sc O. will, upon dem and, unless said gen.
m tge. bonds shall have been sooner redeem ed, a t Its o p tio n .cither (a) pay
85% In cash and Interest for said bonds or (b) Issue In exchange therefor a
new 4% bond secured by said gen. m tge. and guar. prln. and Int. by the
B. A O .; the B. Sc O. to elect w hether to m ake such purchase or exchange.
G U A R A N T IES.— G uarantees securities of Cln. Ind. & W est., D ayton Sc
Mich, and Cln. Find. Sc F t. YVaync: also $933,000 Ind . Dec. Sc W est. 5s.
Also guaranteed $9,207,000 Pere M arquette refunding 4s. b ut stockholders
of C. H . Sc D. subsequently voted to cancel lease and guaranty. V. 85, p.
653; V. 87, p. 1355.
E A R N IN G S.— 8 m o s.,/1910-11___ Gross. $6,411,100: n et. $1,443,880
Ju ly 1 to Feb. 28. \1909-10___ Gross, 6.299.867; n et. 1.527,785
R E P O R T .— R eport for year ending Ju ne 30 1910 In V. 91, p . 1091.
Year ending Jun e 30—
1909-10.
1908-09.
1907-08.
Miles o p e ra te d .. . . . . . ...........
1,036
1.036
1.038
. _________ . $9,446,524 $7,897,047 $8,011,483
Gross earnings___
N et In co m e________
1,554.228 1,131.078 1.145.955
D educt Interest on bon d s__________ 1,786,899 2,206,176 2.217.262
Interest on bills payable. Scc ____ . .
128,004
246,577
234,522
R en tals...........................
359.588
370,247
368.073
Balance, deficit, for y ear_________ $720,263 $1,691,922 $1,673,902
O FF IC E R S.— P res., Daniel W illard: V icc-Prcs., Geo. F. R andolph; Sec.
and T reas., F. M. C arter; A sst. Sec., C. W . W oolford.
D irectors— Oscar G. M urray, L. F . Lorcc, Geo. F. R andolph, W illiam
C otter, Geo. W . Perkins, Charles Steele, Frederick W . Stevens. George F.
B aker, Daniel W illard, Joseph W ood, E . R. Bacon. H enry F. Shoem aker.
F. D. Underwood, H arry B ronner and N orm an B. R eam .— (V. 92, p. 594.)
CINCINNATI INDIANAPOLIS & WESTERN R R — H am ilton, O .. to
Springfield, 111., 284 miles; Sldell, III., to W est Liberty, 77 miles; trackage.
W est Liberty to Olncy, 8 miles. A consolidation S ept. 1902. V. 75. p.
239, 289. 497, 732. Stock authorized, $8,200,000: Issued, $7,115,800: all
owned by C. H. Sc D., which received dividends thereon In 1902-03, $126.­
798: In 1903-04. $167,322; In 1901-05, $156,095.
BONDS.—The "first and refunding’’ 4s of 1902 ($8;200,000 authorized
Issue) arc guaranteed, prln. and Int., by C. II. Sc D. by endorsem ent.
V’. 75, p. 1201, 13.35: V. 77. p. 1290. G uaranty, V. 78. p. 2011.
T he I. D. Sc W . bonds arc redeem able by lot a t 110 a t any tim e on eight
weeks’ notice: $933,000 arc guaranteed by Cln. H am . Sc D ayton. Car
trusts Ju ne 1910, $36,000 4% equipm ent notes, due sem i-annually to Nov. 1
1911 Incl.; Int. M. Sc N. a t Blair Sc Co.. N. Y.— (V. 88. p. 451; V. 89. p. 469.)
CINCINNATI INTER-TERM INAL RR.— Owns a road 6 miles In length
connecting the Chesapeake & Ohio bridge and the Cin. H am . Sc D ayton
term inals. Controlled by Chesapeake Sc Ohio R y. Common stock, $10,000
In $100 shares. Issued for purpose of control. There Is authorized $1,000,­
000 of first pref. 4% cum . stock secured by m tge. to the Union Savings Bank
Sc T rust Co. of Cincinnati, as trustee, and rentals paid by Ches. Sc Ohio and
Louisville Sc Nashville, and subject to call on any Int. day after F eb. 1 1915
a t 105. V. 79, p. 212: V. 80, p. 1728, 2398, 2620. R entals received to
year ending Ju ne 30 1909. $32,436: divs., $31,804; b al.,su r., $632. Pres..
Geo. W. Stevens.— (V. 80. p.,2620.)
CINCINNATI LEBANON & NORTHERN RY.—Owns C incinnati, O .. to
D odds, 38 miles, Including 6 miles from Lebanon to D odds, leased to the
D ayton Leb. Sc Cln. R R .: M iddletown June, to M iddletown, O ., 14 miles
(form er Mid. Sc Cln. R R ., taken over Jan . 1 1903); total, 52 miles. Stock
authorized, $1,500,000; outstanding, $1,100,000, m ostly owned by Penn.
Co. V. 75, p. 980. Dividend of 3% paid In 1906. 1909 and 1910. Of the
$ l ,500,000 first cons. 4s of 1902, guar. prln. Sc Int. by the Pennsylvania Com­
pany, $200,000 are reserved to retire the 5s due 1916. V. 77, p. 86 Cal.
year 1910, gross. $444,369: net. $116,939; other Inc., $38,391; charges.
$70,180; dlvs. (3% ), $33,000; sur., $46,150.— (V. 77. p. 86.)
CINCINNATI & MUSKINGUM VALLEY R R .— {See M aps of Pennsyl­
vania IIR .)— Owns M orrow, O ., to Trinw ay, ()., 148 miles; half Interest
Zanesville Term inal R R ., 5 miles. V . 77, p. 86.
Of the bonds, $250,000 arc reserved for future needs; sinking fund retires
yearly 1% of those outstanding. If offered a t p ar or less. The Pennsylvania
Company guarantees the bonds, prln. and Int. Sec form of guaranty. V.
76. p. 653. Stock, $2,000,000, all owned Jan . 1 1910 by the P itts. Cln.
Chlo. Sc S t. L. Ry. Dividends: 1900. 6% ; 1901 to 1906, Incl.. 2% yrly;
1907 and 1908, 4% ; 1909 and 1910, 5% . P enn. R R . owns $1,318,000 of
the $1,743,000 bonds. Car trusts. $44,800 3
payable $22,400 yearly.
Y r. end. Dec. 31— Gross. X et Inc. Interest. Dividends. Balance.
1 9 1 0 ......................... $997,615 $251,026 $69,930 (5% )$100.000 $81,096
1909 .......................... 928,011 244,782 70.000 (5%) 100.000
74.782
— (V. 82, p. 1494.)
.......................
CINCINNATI NEW ORLEANS &, TEXAS PACIFIC RY.— (See M ap of
Southern R y.)—O perates Cincinnati Southern R y., owned by city of Cin­
cinn ati, Cincinnati to C hattanooga. T enn., 335 miles: trackage, 2 miles. In
J a n . 1903 the entire stock of the H arrim an Sc N ortheastern R y., 20 miles,
w as acquired, but road Is operated separately. V. 77, p. 1743.

RAILW AY STOCKS A N D BONDS.

42

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page]

Miles Date
Road Bonds

Cincinnati N orthern— 1st M $3,000,000 gold__G.c* Ar __
C incinnati Richm ond & Ft W— 1st M gold Int guar.c*
86
C learf'd & M ahoning— Stock 6 % ren t $1,000,000 auth _ |
First m ortgage gold guaranteed 13 R A P ,_ .G .c* A r
26
Cleveland A kron & C olum bus—Stock $4,000,000____
17 7
General m ortgage (now first) g o ld ............. .........
F irst consol, m tge $4,000,0001 guaranteed p A 1 end 1 188/
gold sinking fu n d .................J not g uaranteed. (
)
Cleveland C incinnati Chicago & St Louis—Com stock
Preferred stock 5% non -cum u latlve..
C I S t L & C con M draw n a t 105 sink fund 1% 'c* 175
i Gen 1st M $10,000,000 g s f n ot draw n. Ce c A r
Cleve Col Cln A Ind consol m ortgage (see text)
301
Gen cons m tge ($12,000,000) gold..........U s.c’ Ar 3 9 1
Ind ian A S t L 1st M In 3 scries of $667,000__ Us c
72
2d M ($2,000,000) gold Indlanap to Terre H c*
72
Clev Cln Chic A S t L W hite W at VA1 Div 1st g Ce c*
62
S pr A Col Dlv (Col Spr & Cln) 1st M g o ld ...X c ic *
45
Cairo Division 1st M $5,000,000 gold............ Ce.c* 267
S t Louis Dlv coU tr gold ($351,000 In s f). .Ce c Ar 194
Clncin W ab A Mich Dlv first m tge gold
Us c* 203
.
M 100 y,e ars for $50,000,000 gold. _Me.‘xc* Ar 1,021
b,°,ntls
°J
1910
^20,000,000
auth
N otes $5,000,000 gold to be paid June 1
cAr . . .
™

.

O bligations fo r P roprietary L in e s. ...........

"""

1901

1871

i89 3
1887

1900
1900
1880
1886
1874
1884
1869
1882
1890
1890
1890
1890
1891
1893
1910
1907

Cincinnati Sandusky A Cleveland— Preferred stock
Consol (now first) m tge $3,000,000 g old.._A B .c 170 1888
C entral Indiana first m tge $4,000,000 gold guar.C e 125 1903
Ch I A S t L S L 1st M $3,000,000 gold gu . _Ce.c* Ar
45 1903
Louisville A Jeffersonville Bridge 1st M—Sec thatC o
Cle veland C olum bus C incinnati & Indianapolis—C leveland I ndiana
Cleve Lorain & W heel— Con m tge (now 1st) g.U sm .c* 192 1893
General m tge $1,000,000 gold redeem a t 105____N 192 1896
Cons ref m tge $10,000,000 gold red a t 102H --T a.c* 192
Cleve & M V— Cons M (now first) $3,000,000 g.C e.cA r 125 1900
Cleve A M ar — F irst m tge s f not draw n g guar._F .c* 103 1888
1895
" x " Ser. "A ” are J . A J.; scr. " B ,” M. A S.; ser. "C ,” M. AN.

Par
A m ount
Value Outstanding

Rate
%

[V O L. LXXXXII.

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

$ 1,000 $1,000 ,000
4
J A J Ju ly 1 1951
G uaranty T rust Co. N Y
1,000 1,800,,000
7 g J A D June
1921
W inslow,Lanier ACo.,N Y
900 ,000
50
6
J A J Jan 11 1911
Checks
m ailed
650,,000
1,000
5 g J A J Jan 1 1943
36 W all Street,N ew York
100 4.000, ,000 4 In 1910 M A S Mch 25 19112% Checks mailed
500 Ac 1,800,,000
5 g M A S Mch 1 1927
W inslow,LanierACo.N Y
1,000 1,006,,000
4g F A A
1 1940
do
do
624,,000
1,000
4 g F A A Aug
Aug 1 1940
do
do
100 47,056, ,300 4 In 1910 M A S Sept 1 1910 2% J P M organ A Co, N Y
100 10 , 000,,000 5 in 1910 Q—J
Apr 20 1911L1H
do
do
623,,000 6
1,000
M A NM
ay 1 1920
do
do
1.000 Ac 7,178,.000 _ 4 g
— F Aug
1
1936
Q
do
do
1,000 4,138,.000 7 or 6 g J A D June 1 1914
do
do
1,0 0 0
3,205,,000 6 g
A J Jan 1 1934
do
do
1,000 2 . 000 ,,000
7
Ju
ly
1
1919
do
do
1,0 0 0
500,,000 6 g
Nov 1 1912
do
od
1 ,0 0 0
650,,000 4 g
July
1
1940
do
do
500 Ac 1,103,,730
4g
Sept
1
1940
do
do
5.000,,000 4 g
1,0 0 0
Jan 1 1939
do
do
1.000 Ac 10 , 000 ,,000 a *
Nov
1
1990
do
do
1,000
4.000, 000
4g
Ju ly 1 1991
do
do
1,0 0 0 25,215, ,000
4g
June 1 1993
do
do
500 fr, Ac 9,650,,181
4
June
1
1930
M
organ,H
arjcsACo,
Paris
1.000 Ac 5.000, 000
5g
June 1 1911
J P M organ A Co, N Y
50
428,,997
6
M A N May 1 1911 3%
do
do
1,000 2.571, 0 0 0
5 g J A J Jan
1928
do
do
1,000
1,500, 000
4 g M A N May 11 1953
Central
T
rust
Co,
N Y
1 ,0 0 0
3.000, ,000
4 g A A O Apr 1 1953
’ P M organ A Co, N Y
&
polis1,0St0 0 Louis
Chi
cago
—Se e Clevela nd Cincinnati C hlcago A S t Louis
5.000, 000
5 g A A O Oct 1 1933
2 Wall S treet, New York
1,000
890, 000
5 g J A D June
1 1936
do
do
1,0 0 0
4.000, 0 0 0
J
A
J
4M
K
Jan
1
1930
do
do
l.OOOAc 2,936, 0 0 0
5 g See text. Jan 1 1938
Winslow. Lan A Co., NY
1,0 0 0
1,250, 000
4 H g M A N May 1 1935
Farm ers L A T r Co. N Y

In 1901 lease was extended 60 years to O ct. 12 1966; rental u ntil O ct. 12
1906 w as m odified beginning Ju ly 12 1902 to $1,050,000 yearly, the re­
V\ 72,‘ p? 8 6 ; V &82M^ h 7 « :
° f the entlrc
m aining $50,000 per q u arter to be deferred as it accrues and to be paid quar­ cap?t(u'Vn
. J he com pany Is also one-fourth owner of Peoria A Pekin Union Ry.
terly a t ra te of $40,000 yearly, w ith Int. on def’d paym ents a t 3% ; rental ,.(through
the
Peo.
A
E
ast.
Ily
.),
one-fourteenth
owner
Term inal R R .
under renewal to be $1,050,000 yearly for first 20 years, then $1,100,000 for Association of S t. Louis, and two-fifths owner of Indlanap.InUnion
Ry and
20 years; thereafter $1,200,000. V. 73, p. 722; V. 74, p. 1251. Pref. stock, p art owner of Cent. Indiana R y., Cent. Union D epot A R y. of Cincinnati.
has prior rights on dissolution, b u t no voting power. V. 74, p. 528, 829.
°* C o lu m b u s , D ayton Union R y., D ayton A Union R R ., MunD IV ID E N D S.—
11903. 1904. 1905. 1906.
1907-10.
cle Belt R y. and Findlay Belt R y., which arc operated Independently.
2
5 5y> 5 ( 2 ^ J .A D .)
On com m on, % .................................J 2
• STO CK.— In 1907 $4,806,580 new common stock was subscribed for at
controlled In interest of Southern R y. 90;
$2,249,720 additional was sold to Ja n . 1911.
and C incinnati H am ilton A D ayton R y. V. 61, p. 26; V. 65, p. 1173.
D IV ID E N D S.) ’97. '98. *99. '00. '01. *02 to '07.’08. '09. '10. 1911.
LA TEST EA R N IN G S.— /1 9 1 0 -1 1 ..-G ross, $6,355,453; n et, $2,410,733 Com
m
on.......... % } 0 0 0 3 3 M 4 yearly 1 0 4
ch.,0
8 m os., Ju ly 1 to I*cb. 28.(1909-10__ Gross, 5,906,037; n et, 2.220,447 P refe rre
d ------%J 2 ^ 5 5 5 5 5 yearly 5 5 5 To AMpr,2
A N N U A L R E P O R T .— R eport for year ending Ju ne 30 1910 was In
J3o9ilo
&
VH6*
Gross,
$9,079,452;
n
et.
$3,312,269;
other
income,
BONDS.—
T
he
sinking
fund
provision
of
the
Cleveland
Columbus
Ctncin5291,987; Interest, rentals, A c., $1,406,732; im provem ’ts, $1,475,959- dlv natt A Indianapolis consol, bonds (stam ped) has been canceled. T he prin­
?n prof. (5% ), $122,670; dlv. on com . (5% ), $150,000; bal., sur., $448,895. cipal
Is payable In gold, but the Interest a t option of holder, either In lawful
In 1908-09, gross, $7,826,982; net, $2,507,299.— (V. 92, p. 1031.)
m oney a t 7% per annum or In British sterling a t 6 % .
CIN C IN N A TI N O RTH ERN R R .— (See M ap Cleveland Cin. Chicago A S t.
gfc
bonds, see deed of tru st, V. 52, p. 42-45.
L ouis.)— Owns Franklin, O ., to Jackson. M ich.. 205 miles; trackage (C. C. z o o r &L7°}lS s Division
rtfja°e ot 1893 Is lim ited to $50,000,000. In Jan . 1911
C. A S t. L .), Franklin to C incinnati, 40 miles; a t Jackson, 1 mile. On Jan . 1 S f n Suinn m?
u
?
u
frc re£eryed for prior liens (exclusive of Cairo division,
C,h lc- Dividends
& s t - L - owned
$1,707,400
the $3,000,000
Division and the S t. Louis Division west of Terre
and $581,000 bonds.
on stock,
3 % , paid ofM arch
1 1910 and stock
1911. « I nnn
*2
'748,000
for equipm ent, construction and betterm ents. Ac.,
^ ? r«92le,?(lar year 1910, gross. $1,294,297: net income, $252,549; charges,
YearlYSee
V.
1446; V. 79, p. 733: V. 83, p. 379- V 87
$102,981; im provem ents. $29,716; divs. (3% ), $90,000: bal., sur., $29,852. p. 1010; V. 90, p. 626, 1044.78,Gp.uarantees
Chic. Indian. A S t. L . .Short Line
!• or 2 m os. ending Feb. 28 1911, gross, $181,404, agst. $170,296 in 1910; R yr , <9 e? K I ^ an,ao ^ / ' o ^ Springfield Union D epot Co. bonds. V. 77.
n et, $12,783. agst. $39,323. Pres., W . C. B row n.— (V. 92, p. 794.)
p. 510, 517, 769, 1363, 2280: V. 78, p. 1906, 1961' V 79 p 2589
3 1,V
autnonzed *$22 00 .,00 00 00 ,0,0 00 00 bonds, j>f
of which
C IN C IN N A TI RICH M O N D & FORT W A Y NE R R . — Owns from Rich­ 9^550 Yoi
? 8 f kso i i W
l 1NOr
l 191.°A
^ luwy
ii.o
Tifnl
Payabl?debt.rl?*d
francs,
$5, 0 0V0 ,090
00
m ond. Ind ., to A dam s, Ind ., 86 m .; leases 5 m . of P. F t. W. A C. Now op­ $notes
due
CJu
lue
ne i1 1911 and
fioating
V. 89,top. provide
720. 778.for1141erated (Sept. 1910) by G rand R apids A Indiana R y. R ental, net earnings. p.
1238,
________________
8 , 15
1296,. 1424,
1554; V. 91._________
p. 1710.
In t. is guaranteed by the Pennsylvania Co. and P itts. Cin. Chic. A S t. L Co.
Jointly
w
ith
four
other
roads
covenants
to
pav
New
York
Central
Lines
lolntly (the P. C. C. A S t. L. taking the place of the Cln. H am . A D ayton
In 1888). Stock, $2,186,600 (par $50). of which Penn. Co. owns $1,257,­ $30,000,000 equipm ent trusts of 1907 and ifflfl. X c o m p a n v 's s h a V c o f
900. Due guarantors O ct. 1 1910. $1,779,028.
m i - 3 V.; ‘i’,
0 bc!“ § $2-9«>.278 and $2,904,387, respec­
tively.m e vV. R85,?Snp. 1401;
8 6 , p. 168; V. 8 8 , p. 761; V. 90, p. 1677.
Year end. Dec. 31.
Gross.
Net.
Interest, A c.
Balance. f[qv“^
$89,234
$174,336 def.$85,102 i o i n ^ i - ? w n FRNAiNf Ei \ — C.ttP ltal stoc,< Per f i le of road owned Dec. 31
1 9 1 0 ................................... $729,791
1909 ______ ___________ 668,639
102,995
184,720 def. 85,725
'V, 1 9 1paragraph.)
0 $10,000,000 (50,000.000
C IN C IN N A TI U N IO N D EPO T & T E R M IN A L CO.— V. 91, p. 1574.
rrancs; \ /0 debs, were sold. ,ci
(See ’ a1 preceding
C L E A R F IE L D & M AH O N IN G R Y .— (See M ap B u f. Roch. A Pitts.) —
E^an
N
1
I
Ito
F
^
7
2
9
?
’OS’,(!n
!A
-.........Oross’
$4,577,378;
net, 1,121,635
J 773 .0 1 0
Owns road, com pleted In 1893, from Du Bols J e t., P a., on Buf. R . A P ., to
Jan . 1 to te b . 28. (19 1 0 .. ......... Gross. 4,525,844; net,
Clearfield on Beech Creek R R ., 26 miles. Leased during corporate existence
r
p
n
£!’°s^
for
ycar
cndlne
D«--91
1910
In
V.
92,
p.
792.
807.
and renewals thereof to Buffalo Rochester A P ittsburgh—which sec— a t a
Ye<ar ending Dec. 31—
1910.
1909
1908
ren tal payable In gold and equal to 6% on $1,000,000 stock, p ar $50. and 5%
r<?vcnucs ............ ..................$30,423,005 $27,657,741 $24,242,617
on bonds, the latter being guar., p. A I., by endorsem ent. In Nov. 1909
h I?i.n/
,nComc
(after taxcs)---------$5,879,655
5$,062,684
£ ,^ a H&°.F,zeI1
1 stock
was Increased
$1,000,000,
of which nOPther
Incom
e...................................
...........
820.814 $7,011,380
623.233
554,026
623,233
$150,000
has been
issued.
V. 89, p. from
470, $750,000
1141.— (V.to89,
p. 470, 1141.)
C L EV E LA N D A K RO N & COLUM BUS RY .— (See M aps of Pennsylvania
$6,700,469
*7.634,013
$5,616,710
— Owns from H udson, O., to Columbus, O ., 144 miles; Dresden branch,
$ 12 0 ,0 0 0
$120, (MM) $120,000
K llbuck to T rlnw ay, 34 m .; A pple Creek branch, 9 m .; H oward coal branch Interest on bonds, A c_______ . ____
3.391,700 3,321,923
4 m .; coal spurs. 5 m .; total owned, 196 m .; trackage, Trlnw ay to Zanesville, Hire of equipm ent, Incl. Interest "I" 3,426,393
896.142
652.78-1
894,055
1/ m . Owns a fourth Interest In A kron A B arberton Belt R R .. 24 m O ther r e n ts ........................................
676,630
641,117
571,952
V. 76, p. 435. Car trusts Dec. 31 1909, $588,773, due $82,992 yearly
Prop, loss oper. Cent. Ind. R y ___ ’
62,465
52,641
Penn. Oo. took control June 1 1899, purchasing $2,237,500 of the $4,000.­ Discount on debenture bonds__
43.441
000 stock and In A pril 1911 practically all the rem ainder. V. 92. p. 1031 Dividends on preferred, 5 % ............
500,000
500,000
500,000
D ividends. 2% yearly, SeDt. 1901 to S ept. 1905; 1906, 3% (M-S): 1907 Dividends on com m on, 2 % _______
941,126
941.126
M ch. 1M % ; S ept.. 2 % : 1908 to 1910, 4% (M-S); 1911, M ch., 2% . Of 1st
consol, gold 4s of 1940 (Commercial T rust Co. of Phlla., trustee), $1,006,000
Balance, surplus for y ear-----------$34,371 $1,335,246
*1.335.246 $208,779
are g uar., p. A I., by the Penn. Company; $1,800,000 are reserved* tcTretlre
O FF IC E R S.— P res., W . C. Brown, New York; V ice-Presidents. John
the gen. 5s due 1927: V. 71. p. 390; V. 76. p. 653; V. 77, p. 1746. 2280. C arstensen,
C.
E
.
Schaff,
A.
H
.
H
arris
and
C.
F.
Daly;
Sec., Dwight W
In 1910. gross, $2,665,210; net, $672,186;
8
$8,877; chgs.. $225,048: d |v . (4% ). $160,000; additions and Impts.,’ Pardee, N . Y .; T rcas., Chas. F. Cox, N. Y.
D
irectors.—
W
illiam
K
.
V
anderbilt,
F
rcd'h
W
.
V
anderbilt,
Chauncey M.
$279,506; bal.. sur., $16.509.— (V. 87, p. 282; V. 92. p. 1031. 1108.)
M organ, W illiam c . Drown, Goo. F . Maker V im K
CLEVELAND CINCINNATI CHICAOO & ST. LOUIS RY.— (See M aps Depcw, J . PJlerpont
r .. W m. Rockefeller. W m. H . Newman, Jam es Stillm an.
N . Y . Central A II. R . R R .)— ROA D.— R adiates from Indianapolis, Ind ., VWanderbilt
alter P. Bliss, Lewis Cass L edyard, New York: Melville E Im alls Cin­
westerly to Chicago, Peoria, Cairo, III., S t. Louis, easterly to Sandusky, cinnati.—
(V. 91, p. 1710; V. 92, p. 526, 793, 807.)
* *
Cleveland. Columbus and Cincinnati, O ., and southerly to Louisville
Owned Directly—
Miles Leased and Controlled—
M iles. , C L EV E LA N D LO RA IN & W H E E L IN O R V .- W « M ap B . * o .) — O w ns
Cleveland, O .. to Columbus. 0 ..1 3 8 C incinnati
A
Springfield
R
y
____
48
from
Lorain,
O
..
to
B
ridgeport,
O
.,
opposite
W
heeling,
W
V
a.,
158
Les­
Gallon, O .. to Indianapolis___ .203 Colum. Hope A Greensb’g R R . 24 ter to Cleveland 28 m , and braneh to Bellalre, O .. 6 m .: operates S t.m.;ClatrsDelaware to Springfield.. .
50 Jointly Operated—
ir on*
;
• .t lI.ta &; , O whichand
Into *W8 ,heeling.
C incinnati to L afayette............... 170 Chic. Ind. A S t. L. Short L in e .. 44 V.
80. |) .1 7 4 . 0 pcrated
by
ownshasalltrackage
of the stock,
0 0 0 .0 0 0
Indianapolis to Terre H aute
72 Trackage into Cincinnati, A c. 32 com.
and $5,000,000 pref. See V. 72. p. 480’ V 73 d 236- V 86. n. 602
H arrison B ran ch .......................
7 Trackage Into Jeffersonville____
53
Pref.
diva..
18
9
0
3%
;
Deo
1904.
2)?%
V1905
W
A
p
ril1908,
5%
:
S i fur­
Leased— entire stock, owned—
Into Toledo (V. 79, p.
ther dlvs. to be declared. Dlv. on com ., 2 K % In 1908.
C incinnati L afayette A Chic. Ry 57 Trackage
1023,
2696).............................__
48
Of
th
e
4H
S
,
*6,000.000
are
reserved
to
retire
old
6
s.
V.
70,
p.
230,
480.
Cairo Vincennes A Cblc. R y __
Cairo. 111., to Tilton A branch 261
R E P O R T .— In 1908-09. gross, *3,796,182: net, *1,216, 152; other In­
otal included In earn in g s.. 1,982
S t. L . D lv., T . H to E . S t. L 190 TOperated;
earnings kept separate—
come. $4,038; charges, &c *506,168: balance. *714,022. Earnings not
Columbus Springfield A Cln.—
Peoria A E astern R y ___________*351 Included w ith those of Baltimore & O hio.— (V. 87. p. 1416.)
Columbus, O ., to S pringfield,. 4 5 Cincinnati
N orthern........................*248
W hite W ater— H arrison, Ind ., to
& MAHONINQ VALLEY RV.—Owns from Cleveland. O ,.
K ankakee A Seneca R R ............ 4 2 to CLEVELAND
H agerstow n, In d ..... ................. 62 Mt.
P a., 81 miles (57 double track); Niles, O ., to New Lisbon, O.,
Gilead Short L in e ,............... 2 a,'1' Sharon,
Cln. W abash A M ichigan R y.—
1 branches, 44 m. Leased to N ypano R R . (formerly N. Y. Penna. *
Loulsv.
A
Jeffersonv.
B
rid
g
e..
*3
Benton H arbor to Rushvllle and
Ohio) till 1962 rental *525,967 per annum . Coupon interest Is J. A: J .,
b ra n c h ..................
249 T otal of system Dec. 31 '10.-2,628 registered Interest Q .-J. .Stock Is *3.259,200, of which *3,258,2.50 Is held
by A tlantic firs t Leased Lines R ental T rust Co., L im ited,” ot London.
O ther lines...........................
59 Trackage 1 11 . Cent. Into Chic.)
1)1vM rnda 1 18m , l:(?4 ; I 8 9 g to 1904, both Inclusive, 13M% yearly: In
Cincinnati Sandusky A Cleve. R y .—
On percentage basis______ )
1905, 11.42% ; in 1906 to 1909. 11.40% .— (V. 63. p. 968.)
Sandusky, O., to D ay’n, O., Ac. 170 Operates
Independently—
D ayton A Union R R .* ____
47
C L EV E LA N D & M A RIETTA R Y . —Owns from M arietta, O ., to Canal
•See this com pany.
Double trac k ......................
339
D over, 103 miles, and branch, 7 miles, Zoar, O ., to Canal Dover, leased.
A new double-track line from Evansville to M t. Carm el. Ind. 3 0 miles Stock. $2,000,000, of which the Pennsylvania Co. Deo. 31 1910 owned
is to be opened about Ju ne l 1911 under the charter of the Evansville .51./91,900 (par *100): surplus earnings over charges go to C. & M. Dlvs.
M t. Carmel A N orthern R y. V. 83. p. 817, 1098: V. 90. p. 712; V. 92, p 807. paid In 1906 (3% ), *00,000; In 1907, 4% ; 1908, 5% ; 1900 and 1910. 6% .
H IST O R Y , Ac.—A consolidation of the Cincinnati Indianapolis S t. Louis
BONDS.— G uaranteed prln. and Int. by Penn. Co.; sinking fund, 1% .
A Chicago R ailw ay Co., the Cleveland Columbus Cincinnati A IndlanaDolls •
)910- (cross. *1,272,059; net. *439.385: other Income,
Railw ay Go. and the Indianapolis A S t. Louis Railw ay Co., m ade In July *2.046;
*72,373; Im provem ents, *100.000; dividends (0% ), $120,­
1889, per plan In V. 48, p. 427. Of the com. stock, $30,207,700 was in Jan . 000: bal.,charges,
sur., *149,058. In 1909, gross, *1,045,304.— (V. 88, p. 52.)



. »n.P£pot

F I. Casper 5

*

RAILW AY STO CKS A N D BONDS.

1911.)

A P R .,

< 4

/

o

Ft.Fetterm an.
ere.

r lK'0
G U

E

Ir v /iX

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N

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Vella

ul

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x ^ 03t£|'rU‘ g

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‘
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\ XCLEAR CREEK; £ ^(% J^ffV\SuUiYajl \ J I N. _ _ .d
V -> W
^ . f m CK 4 W £l!n'',ocx|iParkJ ( / \ Deer Trail)
________ __ _________*
“E ‘A f>
G '' p t
' ‘
' ' ,Jir-)-.— — +■— £ r — - 7 L ----------------- -------------------------.
I
;V ® ?

4

l

w v * * 'v

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e l

rltto0;.^

_tUura
I L A V lE’/, Ao. f. .t-WN^lW
th uOSra
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TH E COLORADO & SOUTHERN LINES



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Wigwam
jL----------------- - -

r - .y M A ._ _ --------

--------- — \ ' r/; \ fl if e a n o n C ity

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|

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44

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, ifee., see notes on first pace]
Clevc A P itts b u rg h —Stock 7% guar by Penn RR Co

Miles Date
Road Bonds

.Special b etterm ent stock to be $28,738,135 guar 4%
Gen M $10,000,000 gold. _F1 Series A A B _____ c* 20 bVi 1892
G uaranteed prln and ln t [Scries C A D ______c* 205 Vx ’98-00
(endorsed) Penn RR__JScrles B in trc d u c e d .. 205 H 1892
1911
C lcveland S hort Line — New m tgc $20,000,000 a u th .G
C leveland T erm inal & V alley —Sec B altim ore A Ohio.
194 1903
Coal A Coke— F irst m ortgage $5,000,000 g o ld ..
Coal & Iro n —See W estern M aryland.
Coal River Ry— See Chesapeake A Ohio.
13 1868
Cole brook dale — 1st M $593,400 und R ead M o f 1897.C
Colo M idland— 1st M $10,000,000 (V 71. p 139) -Cc.c* 261 1897
C olorado & S o u th ern —Common stock $31,000,000 —
First preferred 4% non-cum ulatlve $8.500,000----1882
Second preferred 4% non-cum ulatlve $8,500,000.
First m ortgage gold $20,000,000---------------- Ta.c 1,041 1899
Ref & e x t M $100,000,000 gold red 101 -.C e .x c * A r T ext 1905
1907
Equip bonds ser A due s-a i;ed 101 (V 84, p 507). _G
C olorado S outhern New O rleans & Pacific— See S t Lo uls A San Fr
74 1900
Col S p g s A C rip C r D R y— 1st M $2,000,000 g s f . . .C e
1902
F irst consol m ortgage $3,600,000 gold____G.c&r
1908
C olorado T ex as & M exico — F irst m tgc $75,000,000 —
75 1SS7
Colum N ew b & L au rens — 1st M $12,000 per m __SB .a
70 1898
C olum bia S o u th e rn —First m tgc gold $2,100,000. ..N
C olum bia A G reenville—rScc Southern R y
C olum bus A T oledo —See Hocking Valley R y
C olum bus A \c n ia —Stock 8% re n ta l..............................
55
1895
C om bination B ridge (Sioux C ity. la ) — F irst m tge— .
71 1894
C oncord & C larem ont (N H )— r lrs t m ortgage--------- <
x Series “ A .” J A J: WQV A & O. y "C ,\ M A N; “ D .” F A A.

Par
A m ount
Value Outstanding

Rate
%

$50 $11,237,700
50 9.853,050
1,000 4.561.000
1,000 4.487.000
434.000
1,000
1,000 Ac See tex t
1,000 4,031,000

7
4
4H
3H
3H
4m
5g

[V O L. LX X X X II.

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

6
2A
K
eA
A

Q— M Mch 1 1911 IH W inslow, Lan A Co, N Y
U —M Mch 1 1911 1%
do
do
X Jan-O ct 1942
do
do
1948-1950
do
do
yA o Oct
1 1942
do
do
A O Apr 1 1961
New York
A O A pr 1 1919
Elkins, W Va, or Balto

600.000
100 Ac
6
J A D June 1 1898
Reading Term inal, Phlla
1,000 8,946,000
4 K J A J Ju ly 1 1947
Liberty S t. N Y
100 31,000,000 2 in 1910 See text. Dec 31 1910 2% 26
Office
26 L iberty, N Y
100 8,500,000 4 in 1910 A A O Apr 1 1911 2/o
do
do
100 8,500.000 4 in 1910 A A O Apr 1 1911 2%
do
do
1,000 19,402,000
4 g F A A Feb 1 1929
do
do
100 Ac 29,289,000
do
do
4 H g AM A N May l 1935
1,000
618,000
5
A O Oct ’ll-A p r ’17 G uaranty T rust Co, N Y
anclsco.
1,000 1,655,000
5 e J A J Jan 1 1930
Chem Bk, N Y, A Col Sp
1,000 1,379,000
5 g A A O Oct 1 1942
do
do
1,000
(?)
5
.1 A J Jan 1 1958
New York
899,000
1.000
Safe Dep A T r Co, Balto
3 e J A J Ju ly l 1937
700,000
1,000
5 g J A D Dec 1 1948
New York T rust Co, N Y
50
500 Ac
1,000

1,786,200 See tex t. 0 —M Mch 10 191 1 2% T reasurer, Columbus, O
500,000
J A J July 1 1915
5
H anover N at Bank, N Y
500,000
First N at Bank, Boston
4 H J A J Jan 1 1914

CLEVELAND & PITTSBURGH R R .— (See M ap Pennsylvania R R .) — A N orthw estern R y., Stam ford, T ex., northw esterly 8 2 H m .. was com ­
C leveland, O ., to R ochester, P a., 124 miles; branches: B ayard, O .. to Ros­ pleted O ct. 1909. V. 89. p. 1281. In Ju ne 1910 construction was begun
well. O ., 39 m .; Yellow Creek to Bellatre, 43 m .; trackage, R ochester to on a new low-grade line from Pueblo to W alsenburg, 56 miles. Sec also
P lttsb . (P. F t. W. A Chic.), 26 m .; other trackage, 23 m.; to tal, 255 miles. last paragraph "B onds” below. V. 90, p. 626.
L E A SE .— Leased for 999 years Dec. 1 1871 to Penn. R R . Co., and lease
O R G A N IZA TIO N .—Took over oner. Jan . 1 1 1899. per plan V. 67, p .
transferred to Pennsylvania Co. R ental: dividends on stock, Interest on 748, of Union Pacific D enver A Gulf and Denver Leadvllle A Gunnisonbonds and organization expenses. “ Special guaranteed b etterm ent stock" In Dec. 1908 the Chicago Burlington A Q uincy acquired $23,057,500 com.
(subordinate to the original stock as to dividends only), w ith dividends of stock (practically a controlling Interest) held by Edwin Hawley and asso­
4% guar, by the Penn. R R ., is Issuable for Im pts. V. 79, p. 2205, 2642; ciates. V. 87. p. 1663, 1604; V. 88. p. 158, 685.
Owns a large m ajority of the com . stock of F ort W orth A D enver City
V. 83, p. 625; V. 85, p . 1082; V. 87, p. 812; V. 91, p. 1446. Stockholders
will vote June 15 1911 on Increasing a u th . stock from $22,000,000 to $40,­ R y., which see. Owns a beneficial Interest In one-half stock of Colorado
000.000, the new stock to be additional 4% guar, special b etterm ent stock. M idland. V. 70, p. 739. Controls Denver A Intcrurban (Electric) R y.,
which owns 21 miles, and operates 31 miles of Col. A Sou., which has been
V. 92, p. 1031, 1108.
electrified, under lease. V. 87. p. 950; V. 89, p. 931.
BONDS.— Generals arc all equally secured; guaranty, V. 56, p. 604.
ID EN D S.
’01. ’02. '03. 01. *05. ’06. ’1)7. ’08. ’09.’10. 1911.
E A R N IN G S.— In 1910, gross earnings, SI 1,696,718: net, $3,773,204; 1stD IV
preferred.
3 H 3 ^ 4 2 0 4 4 4 4 4 A pr., 2
pro lit to lessee, $2,217,119.— (V. 91, p. 1446; V. 92. p. 1031. 1108.)
2d preferred.
4 4 4 4 A pr., 2
CLEVELAND SHORT LINE RY .—A belt line around Cleveland, O., C om m on_____% j
2 2 2 ____
from a point near W est P ark, 7 miles west of Cleveland, cast, thence north­
BONDS.—
1st
M.,
sec
V.
68,
p.
1027:
V.
77,
p.
2158;
V. 87. p. 144, 1160.
east to Colllnwood, 19.05 miles, to be com pleted In 1912, of which 9.68 miles
The
$100,000,000
refunding
bonds
of
1905
were
m
ade
Issuable
as follows:
In operation In S ept. 1910. V. 91, p . 654. Stock, $7,375,000; all owned F or refunding bonds and equipm ent obligations of system ______$36,850,000
by Lake Shore A Mic.h South.; par, $100. V. 86, p. 167; V. 92. p. 1031. For b etterm ents and im provem ents, Including equipm ent, a t the
A m ortgage for $20,000,000 has been authorized; present Issue to be $7,­
. yearly rate of $500 per mile of operated A controlled lines 15.000,000
000,000, $3,525,000 to be reserved to retire $ for $ 5% convertible pref. Forcum
reim bursem ent of the treasury of the com pany, A c________ 2,500,000
stock; rem ainder for future purposes. V. 92, p .1 1 08 . Pres., W .C . Brown; For acquisition of additional property (Including proper provi­
V .-P., D. C. Moon.— (V. 88. p. 563; V. 91, p. 654; V. 92, p. 1031, 1108.)
sion for the cost of double-tracking parts of the main lines) .. 45,650,000
E quipm ent bonds of 1907 m ature $51,000 s-a to April l 1914; thereafter
CLEVELAND TERM INAL & VALLEY R R .— Cleveland. O .. to Valley
V. 84, p. 507. Pullm an Co. car trusts June 30 1910, $151,123.
Ju nction , 75 miles; branches, 11 miles. Of the $4,615,300 common (par $52,000;
The
bonds are secured by a first lien on all the bonds and prac­
$50). B. A O . owns $4,594,300, and of the $2,060,750 pref., $1,826,700; tically refunding
all the stock of the cos. owning about 622 miles of road, Including the
par, $100. Bonds, see B. & O.
W
ichita
Valley
lines
and the T rinity A Brazos Valley R y.; also, by direct
Gross, 1909-10. $1,274,084: n et. $342,857; other Inc., $27,913: ln t., Ac., lien, subject to the first
m ortgage, on about 1,041 miles of road owned by
$248,204: bal., sur., $122.566 — (V. 89, p. 1223; V. 91. p. 1324.)
th e Colorado A Southern and on the stock of subsidiary cos. whoso bonds
COAL A COKE RY.— Owns from Loiter. W . V a.. to C harleston, W . V a., arc not pledged under the m ortgage, owning 555 miles of road, making
166.4 miles: trackage. R oaring Creek J e t. to Elkins, 7.6 m .; and R oaring 1,596 additional miles, on which there arc outstanding $30,679,000 under­
Creek Je t. to L elter, 1.6 m .; M able to Belllngton, 17.7 m .; branch. Gassaway lying bonds; total thus covered, 2,218 miles, on which the total outstanding
to S utton. 0.5 m . (com pleted Ja n . 1910); total Ju ne 30 1910, 199.8 miles. funded debt, Including these bonds and all prior liens, averaged $26,505
C om pany’s own line under construction Apr. 1911 from Elkins to R . C. J e t., per mile. V. 80, p. 1971: V. 91, p. 462, 214.
7.6 miles. A bout 100.000 acres of coal lands arc owned.
In Jan . 1911 sold $1,400,000 ref. bonds to com plete gaps from Pueblo,
Stock.Tcorn., $10,000,000, all outstanding; 5% pref., $10,000,000 author­ Col., to W alsenburg, about 56 miles, and from W ellington, Col., to Chey­
ized Oct." 1907, of which $8,881,800 Issued to purchase $6,300,000 bonds enne. W yo., 32 miles. V. 92. p. 186. 117: V. 92. p. 394.
and settlem ent of other debts; bonds reduced to $5,000,000, of which $2,­
EA R N IN G S.— Including F t. W orth A Den. City and all affiliated lines:
000.000 In treasury. V. 85, p. 1005. M ortgage covers road and coal lands.
8 M os. ended Feb. 28. Gross.
Net. Charges(Nct). B al..Sur.
V. 78, p. 47. Car trusts Ju ne 30 1910, $371,474, due $55,000 yearly; loans 1910-11_______________$11,461,453
$1,846,115 $1,870,801
and bills payable, $1,468,287.................................................................................... 1909-10 ......................... 11,345.161 $3,716,916
4.060,203 1,621,652
2.438,551
EA R N IN G S.—8 m os., f 1910-11...............Gross, $505,009; net, $116,992
R
E
P
O
R
T
.—
R
eport
for
1909-10
a
t
length,
showing
of system ,
July 1 to Feb. 28. 11909-10_______ Gross. 484,168; net. 122,367 Including the F t. W orth A D enver City and Col. S pr. Aoperations
Crip.
Cr.
DIst.
R y.,
R eport for year ending Ju ne 30 1910 In V. 91, p. 1246, showed: Gross
A Intcrurban R R ., Colorado R R .. F t. W. A Donv. Term . Ry. and
$882,792; net, $292,121; net Income coal d ep t., Ac., $69,184; to ta l net, DWenver
ichita Valley lines, was In V. 91. p. 1155, 1186.
$361,305; other Income, $840; ln t., taxes, Ac., $340,922; bal., sur., $21,223.
1908-09.
1907-98.
Pres., H . G. Davis. Elkins, W . Va.; Sec., C. M. H cndlcy. W ashington, Average miles ____________________ 1909-10.
2,042
1.980
1 ,932
D. C.— (V. 91. p. 1160, 1246.)
Total operating revenues..... ...............$16,777,981 $15,080,412 $14,283,133
10,863,455 10,225,687 9,512,809
COLEBROOKDALE R R .— P ottstow n to B arto, P a., 12.84 miles. Leased O perating expenses....... ...............
O perating Income (over taxes)______ 5,414,333 4,453,683 4,338,688
to Phlla. A Reading R y. Common stock, $297,215; par, $50.
COLORADO M IDLAND R Y.— (See M ap Col. & South.)— Owns from
net incom e___________________$5,651,700 $4,920,385 $4,634,962
Colorado Springs to New Castle, Col., through B usk-Ivanhoc tunnel, 221.92 ln Tt. otal
on bonds, equip, obllg’ns. A c ... $2,700,067 $2,721,526 $2,521,630
miles; branches, B asalt to Aspen, 19.37 m .; CardilT to Spring Gulch, 15.01 Dividend
pref. stock (4 % )___ . _
340,000
340,000
340,000
m.; A rkansas Jet. to Lcadvlllc, 4.80 m .; total owned, 261.10 miles. Leases Dividend first
pref. stock ( 4 % ) ...
340,000
240,000
340,000
Rio Grande J e t. R y., Rille Creek to end R . G. J . R y., 62.08 in.; trackage Dividend second
com mon stock (2% )_ 620,000
620,000
to Rille Creek, Ac., 14.46 m .; to tal operated, 337.64 miles.
O R G A N IZA TIO N .—Successor O ct. 1897 to the Colorado M idland R ail­
Balance, surplus for y ear-------------- $1,651,633
$898,859 $1,433,332
road, foreclosed and reorganized per plan In V. 64, p. 1224, 1226. In May
IC E R S .—Chairm an, George B. H arris; Pres., Darius Miller; V .-P.:
1900 a m ajority of the stock, If not the entire Issue, was purchased by a A. OD.F FParker;
D
enver,
Colo.;
Sec.
and
T
reas.,
B.
F.
Jam
Colo.,
syndicate In the Joint interest of the Colorado A Southern and D enver A A sst. Sec. and A sst. T reas., L. E. K atzcnbach, 26 L ibertyes.S t.,Denver,
Y. New
Rio G rande. V. 70. p. 686, 791, 997. 1290; V. 71. p. 28; V. 73, p. 1111. directors 1909, V. 88, p. 563: V. 89. p. 1347.— (V. 92, p. 186, N.
394.)
P ref., $6,000,000; com m on, $4,000,000..................................................................
COLORADO SPRINGS A C R IPPL E C REEK DISTRICT RY.— Colorado
E A R N IN G S.—8 m o s .,/1910-11.............Gross, $1,374,535; net, $157,248 Springs
to Cripple Creek. Col., 47 m .; branch, Cam eron to V ictor. 5 m .;
July 1 to Feb. 28. \1909-10______ Gross, 1,617,491; net, 248,109 other branches
and spurs, 22 m .; total, 75 m .; of which 57 m. steam , 16 m.
Def. after charges for 8 mos. of 1909-10, $116,741. agst. $52,676.
and electric and 2 m . solely electric. In Jan . 1905 Colorado A
—
Gross.
Net.
M isc.Inc. Charges.
Balance. steam
acquired all the stock except $900 com . V. 80, p. 472, 1111. 1423.
1909-10 ----------- $2,340,286 $328,432 $38,583 $499,308 def.$132,293 Southern
all outstanding, com ., $1,200,000; pref.. 5% non-cum ., $800,000.
1908-09 ------------ 2,312,590 383,389
59,054 489,529 def. 47,086 arStock,
of shares, $100 each. Dlv. 5% on pref., paid Feb. 1907, Ju n e 1908 and
O FF IC E R S.— Pres., A. D. Parker; VIce-Pres., Chas. H . Schlacks; T reas., PNov.
I
1909.
., 2% , Sept. 1908. Sinking fund can retire first mtgc.
H enry L. Hobbs; Sec., L. B. Johnson, Denver; A sst. Sec., L. E . K atzcn- bonds yearly a tOn110com
for first 15 years, then a t 107 H for 5 years, then 105 for
bach, N. \ .; A sst. T reas.. II. B. H enson, N. Y.
D irectors.—George B. H arris, A. D. Parker, Darius Miller. W . P . Clough. n ext 5 years, 102 M for 3 years, thereafter a t p ar. V. 76, p. 345.
E A R N IN G S.—8 m os., J 1910-11_.
Gross, $460,256; n et, $157,379
Edwin H aw ley. George J . Gould, Edwin Gould, W inslow S. Pierce. E . T.
July 1 to Feb. 28. 11909-10 ............... Gross, 484,228; n et, 169,652
Jeffery and Chas. II. Schlacks.— (V. 89, p. 778; V. 90, p. 4 4 7 . ) ___
Pres..
A.
D.
P
ark
er.—
(V.
81.
p.
725;
V.
87.
p. 740; V. 88, p . 822.)
• COLORADO & SOUTHERN RY .— (See M a p .)— O perates a system" rmrn
COLUMBIA NEW BERRY & LAURENS R R .— Colum bia to Laurens,
Orln Je t., Wyoming, through Colorado to F ort W orth, T ex., and by ex­
tensions built to 1906-07 reaches tidew ater a t Galveston, T ex., and also S. C., 75 m. Stock, $500,000. Bonds w ere 6s, b ut re-issued as 3s In 1900,
Income certificates to am ount of 40% of bonds being Issued.
H ouston, Dallas and other points, viz.: (• which see.)
Y ear ending Ju ne 30 1910, gross. $283,096: net. $70,653. In 1008-09,
Lines owned—
Miles. Controlled—
M iles.
Cheyenne to O rin Ju n ctio n ______154 Denver A Intcrurban R R ...............29 gross, $279,231; net. $53,860. In 1907-08, gross, $282,581; net, $58,925;
Denver to Southern J e t., C olo.. 129 Colorado R R . (V. 87, p. 6 7 7 ).. .4 2 charges. $56,132; bal.. sur., $2,793. P res., W . G. Childs, Columbia, S. C.
Denver to L eadv. (nar. gauge)-.152 W alsenburg A W estern______
l
E A R N IN O s .7 8 m o s.,f 1910-11_________ Gross. $247,273; n et, $89,066
Como to Baldwin Mine (do) -------- 133 F ort W orth A Denver C ity _____ *454
Ju ly 1 to Feb. 28. 1 1909-10................Gross, 191,119; net, 44.289
W alsenburg J e t., Col., to Texas
Col. S pr. A Crip. Cr. D istrict____ *74
S tate L in e .... . . . ____________ 176 W ichita Valley R y . . ..................... *52
COLUiMBUS & SOUTHERN RY.— W yandotte, O., a t a connection with
O th .lln es.br.,A c.( 106 n a r.gauge) 296 W ichita Falls A O klahom a_________ 23 the Penna. .R R .. to South Bloomlngvillc, 22.82 miles Stock, $200,000.
Trackage—Pueblo to W alsenburg
W ichita Valley R R _______.
.6 1 Bonds, $200,000 1st m tge. gold 5s dated 1902. ln t. M. A N. a t Boston
(Denver A Rio G rande)____ - 59 Abilene A N orthern ..................... 39 Safe Dep. A T r. Co. Owned O ct. 1910 by Geo. B. W ilbur. Boston. Mass.
82 For year ending June 30 1910, gross. $14.159; n et, $330.— (V. 83, p. 1290.)
Cheyenne to D enver (Un. P a c .). -106 Stam ford A N. W. R y _____
A XENIA RR.— Owns from Columbus, O ., to X enia, O.,
T o ta l....... .......................... .........1,205 T otal June 30 1910....................2,062 55 COLUMBUS
mllos. O perated as a division of the L ittle Miami, and Is leased for 99
Also owns beneficial half Interest In Colorado M idland, operating 338 m ., years from Dec. 1869, In connection w ith th a t road, to the Pittsburgh Cin­
and In T rinity A Brazos Valley Ry. Sec those com panies. T he Stam ford cinnati Chicago A S t. Louis, which pays 8?G on stock. T he lease Is guar



-11

A p r ., 1911.]

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, &c., see notes on first page]

M ties Date
Road Bonds

Am ount
Par
Value Outstanding

$100
Concord & M ontreal—Stock Class I (B C & M prcf)_
100
Stock Class II (13 C & M new )......................................
100
Stock Class III (B C & M old stock)............................
100
Stock Class IV (Concord) (te x t)--------------------------1,000
262 1890
Concord & M ontreal cons M for $5,500,000--BB.c
1,000
’97-99
D ebenture bonds $1,150,000 c u rre n c y ................__c*
1,000
1900
do
do
$500,000 Interest g uaranteed__
100
Concord & P ortsm outh—Stock 7% rental 99 y ears. 40)4 —
100
Conn & P assum psic— Pref stock 6% ren tal 99 yrs._c
1,000
1893
no
F irst m ortgage $1,900,000 gold...................................o
100
37
M assawlppl stock guar sam e dlv as Conn & Passum p
1,000
21 1911
N ew port & Rlchford 1st M gold guar by C & P __c*
100
80
Connecticut River—Stock $3,670,300 authorized-----1,000
1893
Bonds not m ortgage for $1,000,000 gold..........
1,000
1001
Bonds not m ortgage.................................................
1,000
1903
do
do
_______________________
1,000
7 1883
1,000
37 1902
Conn R y 3 K % gold m ortgage $5,000,000-----------100 &c
C ooperstow n & Susq Vail— 1st M $200,000 Int g uar. 19 Vx 1888
Copper Range— F irst m ortgage gold (see te x t)------- T ext 1899 500 &C
1909
Copper River & N orthw estern— 1st M $50,000,000..!
50
26
Cornwall & Lebanon—S tock----------------------------------100 &c
26 1891
F irst M extended a t 4% In 1906 (V 82 p 1322)____
100
Cripple Creek C entral—Common stock _
100
Prefer
E5rcferred' stock 4% non-cum ulatlvc.
1,000
41 1895
M idland Term ftrst nrtgc gold sinking fund. -F .c
Cuba E astern—See G uantanam o & W estern
100
Cuba RR—Common stock $10,000,000............
100
1,090
&C
1902
602
____G.xc*
&r
F irst m tge gold $20,000 per m ile.
1910 500 &c
1,000
1906
Cum berland C orporation—Coll tru st gold notes-------1,000
57 1891
C um berland & Pennsylvania— F irst m tge gold guar.
1,000
1906
Som erset Coal ear tr assum $76,000 y rly --------- PB j
1,000
29 1907
D ayton Leb & Cin RR & Term — First M g red (text) antced by Pennsylvania R R . Co. Dividends 2-5% per annum , from assets,
w ercdlscontlnucd in 1901.— (V. 72, p. 532.)
COM BIN A TIO N B R ID G E (SIO U X C ITY . I A.) .— Owns steel bridge 1,940
feet long over Missouri R iver, with approaches, l m ile, used by railroads
and street cars as a highw ay. Stock, $1,500,000. M tge. trustee, Union
T ru st Co., Indianapolis. Ind. Pres., Jos. C. H ead, L atrobe, P a.; See., 1*.
L . E aton, Sioux City, la .— (V. 78, p. 102, 286.)
CONCORD & M O N TREA L R R .— From N ashua, N . H .. via Concord.
P lym outh, Ac., to G roveton and the W hite M ountains, 450 miles In all,
Including M anchester & Keene, 30 m .; owned Jointly, 414 m .; 35 m . double
track . Owns Concord S treet R y., 11 m .; also c'cctrlc branch from Concord
to M anchester, N. II., 17 miles, and N ashua & A cton R R ., 20 miles.
On Ju ne 29 1895 leased to Boston & Maine for 91 years a t rental of 7%
per annum on all stock. In April 1911 Bos. & Me. obtained auth o rity to
purchase stock. V. 92, p. 1108. On Ja n . 5 1910 $250,000 stock was sold to
develop w ater power. V. 89, p. 992; V. 90. p. 54. In O ct. 1910 $500,000
consol 4s were sold to retire the Boston Concord & M ontreal 6s due Jan . 1
i O l l , m aking $5,500,000 consols o u tst’g. V. 91, p. 1025.— (V. 91, p. 1629.)
CONCORD & PO RTSM OUTH R R — Owns P ortsm outh, N II.. to M an­
chester, N. II., 4 0 H m . Leased to Concord R R . In 1862 for 99 years; rental
$25,000; 7% on stock and org. exp. O perated by B oston & Maine.
CO N N ECTICUT & PA SSU M P SIC R IV E R S RR — W hite R iver Jo t.. V t.,
to C anada Line, 110 m .; leases DUO years Massawlppl Valley, 37 miles.
Owns nearly all the stock ($350,000) of th e N ew port & Rlchford R R .,
N ew port, V t.. to Canadian line, 21 miles, operated u n d e r lease by M ontreal
& A tlantic R y. (Can. Pac. system ), and guarantees Its $350,000 1st 30-year
5% bonds dated Jan . 1 1911. V. 91, P - 946.
L E A SE .— From Ja n . 1 1887 leased to th e Boston & Lowell for 99 years
on a basis to pay C. A P . stock 5% till Jan . 1897 and 6% thereafter. I
A pril 1911 B. & M. received authority to purchase stock. V. 92, p. 1108.
S E C U R IT IE S .— Massawlppl stock receives sam e dividends as stock of
lessee and $400,000 of It (not included in the am ount outstanding) Is pledged
security for 4s of 1893. Of th e $2,500,000 pref . $500,000, as also
$50,000 Massawlppl Valley R y. stock, was purchased Feb. 1 1910 by the
V erm ont Valley, under its option, a t par.— (V. 57, p. 1040.)
CO N N ECTICUT R IV E R R R .— Owns from Springfield. M ass., to Keene,
N . II., 74 m .; Bellows Falls to D rattlcboro, V t., 24 m .; branches, 6 m .; total,
104 m ., of which 50 double-track. Controls Sullivan Co- J J P :7” clloYt^
Falls to W indsor. V t., 26 miles. V. 80, p. 1478; V. 81. p. 899, 1723. In
April 1911 13. <fe M. received authority to purchase stock. V. 92, p. 1198.
L EA SE .— Leased for 99 years from Jan . 1 1893 to the Boston & Maine,
annual rental (as am ended O ct. 10 1895) being 10% per annum on capital
stock, payable directly to stockholders; also Interest on bonds and scrip and
$2,000 for organization expenses. Lessee pays all taxes, operating ex­
penses. &c., b ut lessor to Issue Its stock or bonds for perm anent Improve­
m ents.— (V. 81, P. 899, 974. 1723; V. 83. p. 625; V. 87. p. 414.)
CONNECTING RY . (P H IL A D E L P H IA ).— Owns from G irard A vc. to
F ran k fo rt J e t., Phlla., 6 m.; N orth Phlla. to C hestnut H ill, 7 m .; branches,
&c., 23 m .; to tal, 36 m . V. 73, p. 390. Stock authorized, $5,800,000; o u t­
standing, $3,613,650; all owned by Pennsylvania R R ., which operates
road under lease, assigned to th a t co. by P hlla. & T renton R R .. term inating
Fob. 18 2862. Dividends 4% yearly (J. & I).).— (V. 75, p. 1354.)
COOPERSTOWN & CH A RLO TTE V A LLEY R R . — (See M ap Del &
H u d .).__Owns C harlotte Crossing to D avenport C entre, 4.51 m .; leases for
99 years from Ja n . 1 1889, Cooperstown & Susq. Valley R R ., Cooperstown
to C harlotte Crossing, w ith branch to Cooperstown J e t., 19.48 m ., guaran­
teeing Interest on the latter’s $200,000 5% bonds. Y ear ending Ju ne 30
1910: gross, $67,983; net Income, $26,146- charges, $14,473; baj., su r., $11,­
673. Stock, $45,000, acquired July 1903 by Del. & H ud .— (V. 77, p. 88.)
C O P P E R RA N G E RR.— C alum et, M ich., to Mass City, with branches;
to tal. 82 m .; sidetracks, 33 m . Stock, $4,244,300. of which $1,639,200
owned by Copper Range Consolidated (Mining) Co. Bonds lim ited to
$20,000 per mile of m ain line and branches and $15,000 per mile of sid ngs.
Of tho *2,280.000 bonds outstanding, 5870,000 were In Jan . 1910 held In
the treasury or the Copper Range Consolidated Co. V. 78, p. 228. Divi­
dend, 10% , paid Nov. 1909 from accum ulated surplus.
_______
E A R N IN G S.—8 m os.,11910-11___ Cross, *0,000,000; n et, *0,000,000
Ju ly 1 to Feb. 28. 11909-10____Gross, 0,000,000; net, 0.000,000
Y ear ending June 30 1910, gross, *747.801; net, *307,952. In 1908-09,
gross. *700,021; net, *224,007. In 1907-08, gross. *807,322; n et, *204,042;
lilt *140,850; bal., sur., *54.192. Pres., W illiam A. Paine; See. and
T reas.. F red. Stanw ood, B oston.— (V. 78, p. 228.)
C O PPE R R IV E R & N O RTH W ESTERN R R .— Projected from Cordova.
A laska, on tidew ater, through the Copper R iver Valley to Copperflclds near
th e C hitlna R iver and the B ehring Lake coal Helds, &c. Of this, 197 miles
from C ordova to K cnnccott was operated April 1911. V. 92, p. 394, 881.
U nderstood to be controlled by J . P . M organ & Co. and the A mcr. Sm elt. fc
Ref. Co. Interests. Stock au th ., *5,000,000; par of shares, 5100. In Aug.
1909 (lied a m tge. to secure an Issue of *50,000,000 5% 50-year bonds. None
of th e bonds o utst. In the hands of the public In July 1910. V. 89, p. 410;
P res., S. W. Uccles; Vico-Pres., W . P. H am ilton; T reas., E . S. Pegram ;
See., W . E . B ennett. Office, 165 B 'w ay.— (V. 92. p. 394, 881.)
CO RN W A LL & LEBANON R R .— Owns Lebanon, P a., to Conewago,
21 0(1 m .; branches, 4.78 m . In 1901 tho Pennsylvania Steel Co. acquired
*540,000 stock; rem ainder m ostly owned by Lackaw anna Steel Co.
IHV '94. '95. '90. '97. '98. '99. ‘00. '01. 'O Z to ’OO. '07. '08. '09. '10. 1911
P C J 2 4 4 3 4 4M 5 5)4 6 yearly 8 7 8 10 F eb,5
In 1909-10, gross, *433,590; net, *171,559; other Income, *21,313; chgs.,
*38,561: dlv. (10% ). *80,000; bal., sur., *74,311.— (V. 89, p. 224.)
C O R V A LL IS & EA STERN R R . —Owns Y aqulna to H oover, O re., 141
miles Land grant was 850,000 acres. In 1907 tho Southern Pacific
acquired all the stock (*1.410,000) and owns all tho *2,115,000 1st M.
4% bonds. V. 84, p. 1427E A R N IN G S.— In year ending Ju ne 30 1910, gross, *329,369; net, *112,380- charges, *71,471; bal., sur.. *40,909. In 1908-09, gross, *280,014;
not *97,548. Pres., J . P. O’Brien; T reas., John W . Newkirk; Seo., II. F.
Connor. Office, P ortland, O re.— (V. 81, p. 1427.)



Rate
%

45

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

$800,000
7
Q—J A pr 1 1911 1 K Checks domailed
Q—J A pr 11911 I K
540,400
7
do
459,600
7
y —j A pr 1 1911 I K
do
Q—J A pr 1 1911 I K
6,057,600
7
Safe Dep & T r Co, Boston
J (c D
4
5.500.000
Boston S D & T r, Boston
1.050.000 3 Vi & 4 J & D Ju ne 1 1920
do
do
473.000
3)4 J & D Ju ne 1 1920
J & J Jan 1911 3 K % M anchester, N II
350.000
7
F & A Feb 1 1911 3% Safe Dep & T r Co,Boston
2.500.000
6
Safe Dep & T r Co, Boston
1.900.000
4 g A & O A pr 1 1943
F & A Feb 1911 3%
do
do
6
400.000
do
do
350.000
5 g J & J Jan 1 1941
J & J Jan 1 1911 5% Boston, Mass
3.233,300 10
do
4 g M & S Sept 1 1943
1 , 000,000
do
3Vx J & J Jan 1 1921
290.000
do
1 1923
969.000
3 K J A J Jan
Broad S t S tation. Pliila
1 1913
1,000,000
4 M M & N May
do
do
Mch
15
1932
M
15
&
S
1.980.000
3 H g M & N May 1 1918
N at Bk Cooperst’n N Y
5
200.000
Boston, Mass
1 1949
5 g A & O O50ctyears
2.280.000
See text
Co’s Office, Lebanon, Pa
101nl910 S cm l-an . Feb 1 1911
do
do
A & O Apr 1 1921
4
Q—J 25 Oct 21 1907 1 lA Checks mailed
do
4 in 1910 Q uar. Mch 1 1911
Farm ers’ L & T Co, N Y
5 g J & D Dec 1 1925
See text

Sec text Feb 1 1911 2%
J & J Ju ly 1 1952
M & N May 1 1060
J & D15 June 1 1912
M & N May 1 1921
5
J & D Deo 1911-1918
5 g J & D June 1 1922

5g

Cheeks mailed
Royal Bk of Can. N Y
do
do
New Yrork T r Co, N Y
G uaranty T ru st Co., N Y
Fidelity T rust Co, Balt
Cleveland, O

"COTTON B E L T ." — Common name for St. Louis Southwestern Ry.
C R IP P L E C R E E K C EN TRA L R Y — Divide, Col., to Cripple Creek and
Florence, &c., 70 m.; Victor to Vista Grand. 0 m.: branches and spurs to
mines, &c.. 45 m.: total, 127 m., of which 47 m. standard gauge. Controls
Midland Terminal R y., Florence & Cripple Creek R R ., Golden Circle R R .,
Canon City & Cripple Creek R R ., Colorado Trading A Transfer Co. See
V. 69, p. 851,' 1011, 1103: V. 72, p. 981; V. 74, p. 880; V. 77. P 1542.
Reorganization (per plan in V .78,p. 2018; V. 77, p. 1542,) of the Denver
& Southwestern, foreclosed Oct. 4 1904. V. 79. p. 1401.
STOCKS AND BONDS.— Com. stock. *2.500 000; 4% non-cum. pref.
stock. *3,000,000; par of shares, 5100. V. 82, p. 1156; V. 85, p. 1209.
DIVIDENDS.— On pref., 3% paid July 20 1905; Oct. 25 1905. 1%
(quar.); Ja n .- 1906 to Oct. 1907, 4% yearly (1% Q.-J-); 1008. Sept. 1, 3%
for 9 mos. ending June 30 1908; Dee., 1%: 1909 and, 1010, 4% <1% Q.-M.);
1911 Mch., 1%. On com., Oct. 25 1905, 3% : In 1906, 7 )4 % . lncl. 2%
extra: 1907, 6% (Q.-J ); none since to April 1911.
REPORT.— Report for year ending June 30 1910 was In V. 91, p. 1157,
showing gross earnings of roads controlled, $668,265; net Income of roads
over charges, *58,023; total net Income of parent co. above all expenses.
5155,090; dlv. on pref. stock (4% ), *120.000; total surplus June 30 1910,
lncl. *172,615 surplus of previous years, *207,705. Pres ,. Hcn'T
Blackmcr; V.-P., Lorenzo Semple; Sec. & Treas.. John Gorlow. Office,
111 Broadway. N. Y.— (V. 89. p. 847.
V. 91, p. 1157.)
C R Y S T A L C I T Y & ’ U V A L D E R R . — Owns Uvalde, Tex., south to Carrizo
Springs, 53 miles, completed April 1910: Crystal City to Gardendale, 41 m.,
opened Deo. 1910. Incorporated in April 1909. Stock authorized, $o0,000. In April 1910 applied for permission to issue bonds at $15,000 per
mile. V. 90, p. 447. Details of securities not available July 1910. Pres.,
J. E. Franklin; V.-P. and Gen. Mgr., A. R. Ponder; See., Carl F. Groos.
Office, Crystal City, Tex.— (V. 90, p. 447.)
• C U B A E A S T E R N R R . — Sec G u a n t a n a m o & W e s t e r n R R .
“ (TUBA R R . — Owns from Santa Clara. Cuba, to Santiago de Cuba, 356
miles: branches. Zaza Jet. to SanctI Splritus, 8 miles; Alto Cedro to the Bay
of Nine. 31 m.; Ponupo branch, 11m.; Jatlbontco branch. 11 H,m.; Holguin
branch, 11 m.; Manzanillo branch. 32)4 m.; Bayamo extension, 141 m :
total, 602 miles. See V. 75, p. 1157. 1347. Govt, loan *319,599 June 30
1910 (to be reduced by *154,950 on Nov. 4 1911), any balance not repaid
by Government transportation service to be paid Dec. 15 1J16 without
Int. V . 83, p . 1093; V . 88. p. 944; V . 91. p. 1253; V. 92. P-1032.
First dlv. on pref., 1 A % . paid Aug. 2 1909:1910, Feb., 1 5 4 ■Aug., ? % .
1911, Feb.. 2% . 1st M. bonds, appllc. to list, V. 86, p. 924; V. 88, p. 451;
V. 89, p. 162: V. 91, p. 38. 1253. Stockholders on June 27 1910 authorized
a mortgage to secure 5% improvement and equipment bonds not exceeding
$12,000 per mile (excluding sidings) owned; in Aug. 1910 $3,300,000 were
deposited as collateral for 2-ycar 6% no*es due Aug. 15 1912. Bonds arc
also issuable in francs. V. 91, p 588, 1253.
EARNINGS.— For 8 months ending Feb. 28:

1409;

Gross.

Net.

Charges. Balance.

1910-11...................................... $1,893,640 $818,369 $339,250 $479,119
288,544 308,086
1909-10 ............................ .......... 1,530,657 596,629
REPORT for year ending June 30 1910 was In V. 91, p.
. 585, show ing
gross earnings. $2,559,336; net over taxes, $1,107,299; Interest on bonds.
$435,210; pref. dlv. (3 % ), $300,000; bal., sur., $372,089. In 1908-09,
gross $2 157 166
Pres.” Sir William C. Van Horne; V.-P., Gerald L. Hoyt; Asst, to Prest.,
Geo. H. Whlgham; See., Herbert C. Lakln; Treas., Stephen H. Voorhecs.
Office, 83 Montgomery St., Jersey City, N. J., 170 Broadway, New York.
— (V. 90, p. 166. 1675; V. 91, p. 38, 685, 588, 1253; V. 92, p. 1032.)
C U M B E R L A N D C O R P O R A T I O N — ORGANIZATION.— A holding com­
pany owning the stock (*10.000,000) of the Cllnchftcld Coal Corporation
(V. 80. p. 2346, 2222, 224), which owns 285.000 acres of coal lands In Vir­
ginia, stock of the Carolina Cllnchfleld & Ohio Ry. and a block of the Sea­
board Co. stock (see the two companies last named In this Section.)
Stock, common, *25.000,000; 6% pref., *15,000,000, all paid In. In
July 1906 sold *15,000,000 notes secured by stock of the Carolina Cllnchilcld
6 Ohio, Cllnchilcld Coal Corporation and Seaboard Co. (sec table above).
— (V. 88, p. 944.)
• C U M B E R L A N D ’ S P E N N S Y L V A N I A R R — owns from Cumberland,
Md., to Piedmont, W. Va.. and several branches, 57 miles. Owned and op­
erated by Consolidation Coal Co., which guarantees by endorsement the
ftrst mortgage. V. 52, p. 390 Stock, *1.500.000; par, *100. On Dee. 1
1907 purchased 1,523 cars from the Somerset and Fairmont coal companies,
assuming the car trusts Issued thereon, viz., *836,000 of Somerset Co. (see
table above) and *45,000 additional, which matured In scries to May 1909'
V. 85, P. 1401. For year ending June 30 1910, gross, *897,857, against
*772,^80 In 1908-09; net, *284.769, against *199,598; other Income, *123.72,3; Int., taxes. &c., *143.263; dtvs., *269,290; bal., dcf.. *4,061.— (V.
85,
1401.)
................................................................................
• C U M B E R L A N D R A I L W A Y & C O A L C O . — Owns road from Snrlnghlll
Jet. to SpringhlU Coal Mines, N. S., and Parrsboro on the Bay of Fundy,
32 miles; also coal acres. The Dominion Steel Corporation late in 1910
arranged to acquire the *1,000.000 stock, which Is to be exchanged for
Dominion Steel common stock, and the $979,000 6% bonds for 5% bonds
guaranteed by the Steel corporation. V. 91, p. 1629, 1766. Stockholders
on Feb. 15 1911 authorized the making of a new $3,000,000 mortgage to
provide for present and future requirements. V. 92, p. 186. Operated
under lease by Dominion Coal Co. For year ^ending June 30 1909, gross,
$104,238; net, $53,322.— (V. 92. p. 186.)
C U M B E R L A N D 4 V A L L E Y < R R . — SccIPennsylvanla'RR/T* ^

fp.

DA Y TO N LEB A N O N * C IN C IN N A T I R A IL R O A D & T E R M IN A L CO.

__Owns from Lebanon, O.. to Lebanon, J et.,23 m.; Hempstead to Dayton
Union Station, 6 m..where terminal property Is owned; opened May 1910.
Has traffic arrangements with electric lines from Lebanon Jet. to Dayton,
7 m.. and from Lebanon to Cincinnati for passenger traffic. Stock. $1,000,­
000. Bonds auth., $300,000 (none sold Sept. 1910); arc subl. to call June 1
1917 at 105: Cleveland Trust Co., trustee. V. 85, p. 1518. Pres., M. L
Sternberger, Jackson, O.; V.-P. and Treas., Frank Brandon, Lebanon, O
See., H . S. Willard, Weliston, O.— (V. 88, p. 374.)

46

RAILW AY STO CK S A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, <fcc., see notes on first page]

M iles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

[VOL. LXXXX1I.

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

D ayton & .Michigan—Com stock (3 lA % guar C H & D )
1871
$50 $2,401,950
3 H A A O Apr 1 1911 14* Cincinnati, O
Preferred (8 % guaranteed C H A D ) endorsed____
1871
50 1.211,250
1911 2%
1st M gu pA I end ext In 1911 red 102 ^ beg 1917-c
do
1.000 2.728.000 4 4*8 (5) Jr Q—J
A J Apr 11 1931
u ay to n Union R y— F irst m tge sink fund call a t p a r.F 142 1881
J P Morgan A Co. N Y
1899
1,000
450.000
4 g •I A Jan
July 1 1949
Delaware— Stock 8% g u aranteed ___________
Farm
ers’
L A T r Co, N Y
249
25
5,078,282
8
J A Jan 1 1911 4% Checks mailed
General m ortgage g o ld .- - ________ __________ pp'.c
1892
1.000
500.000
44* g •J A Ju
ly 1 1932
Delaware & Chesapeake 1st M assum ed currency, c 113
Broad
S
t
S tation. Phlla
54
1882
1,000
400.000
4
F
A
Feb 1 1912
Delaware & Bound Brook—Stock 8 % gu Phlla A Head
do
100
1.800.000
8
Q—F Feb 20 1911 2% 11 W do
First m ortgage $1,800,000 g u a ra n te e d .. -P e P .c 'A r
StatcS t.T renton, N J
1,000 1,800,000
3
4*
g
F
A
A
Aug
11955
Delaware & E astern Ry— D A E R R 1st M $1,000,000 ’34 1905
Mcch
N
at
B
k,Trenton,
NJ
1900
1,000
1,000,000
5
g
J
A
J
D A E R y tlrst m tge gold redeem 105_____
xc
ly 1 1956
Ju ly 1908 last paid
1907 500 Ac
915.000
5 g J A J Ju
Ju ly 1 1957
Delaware & H udson—Stock $55,711,500 (text)
None paid
1001
42.503.000
9
in
1911
Q—Mch
First M on Pennsylvania DIv ($10,000.000). UnlcAr
1911 24* Office 32 Nassau S t. N Y
1877 1.000 Ac 5.000.
0007
M A S Mch 20
S chenectady A D uancsburg first m ortgage
1 1917
do
do
1874 100 Ac
500.000
G g M A S Sept
A dirondack 1st M gold guar p A I end
lJs'cv Ar
Sept 1 1924
do
do
1892
1,000
1.000.
000
44*
g
M
A
S
Mch
1
1942
IstA ref M $50,000,000 g s f red 107H beg’i 8 -x c** A f
do
do
1908
1.000
Ac
27.704.000
4
g
M A N May 1 1943
D ebentures $14,000,000 gold conv (sec text) o" Ar
do
do
1900
1 .0 0 0 13.973.000
4g
D ebentures $2,500,000 $200,000 annually Jan l
ne 15 1916
do
do
1900
10.000
500.000
4 g JJ 15AA DJ Ju
1912 to 1914
E quip 1 s t lien bonds $ 10.000,000 g s f Usm xc’ Ar
do
do
1907
1
,0
0
0
9.707.000
44* g J A J Ju ly 1 1922
Guaranteed Securities—
"
do
do
Co ,d ?b «uar p * I end p art due yearly
’01-’02
1.0 0 0
1.275.000
4 g M A N May 1 1912-18
do
do
A
.1 f a n .<1 Im provem ent Co 1st M g gu _c*
1890
1
,0
0
0
300.000
4 g J A J Jan 1 1940
C hat Ore * I refunding m tge call 105..........N.o*&r
do
do
1,000
4g
A J Jan 1 1942
A bany & Susquehanna R R ; N Y & C anada R R ; Ch ateaug ay1902
do
do
A L akc Placl d R1.300.000
R: Utlc a Clinton J A Bing
R
R
;
Coop
A
Ch
IJt:|aw
are
Lackaw
anna
&
W
estern—NtockJ30.277.000
arl
Valloy—See
those
cos
50 30.277.000 20 Inl910 Sec text Apr 20 1911 2 4* 90 W est S t. New York
Bangor A P ortland m ortgages g old _______ _
’8G-’86| 100 Ac
320.000
6 g
A J 1930-1936
do
do

P o o ^ N & M I C H I G A N R R . — O w ns D a y t o n . O . . t o T o l e d o J u n e . , O . .
. m .; trackage Into Toledo. 0.92 m. Leased M ay 1 1863 In perpetuity
Wnancelof
co Cm. H am . A D ayton. Lease modified Ju ne 23 1870. R ental is m a lo ti
organization, in t. on bonds and % on pref. stock and *% on

'minaDie
£aV k™
'i « T ' V r T l.l*
g in 1908
a n toe stim
ated
of
coald of^ r423,265,353,
an d3 'lsIn hJua nv etn 1909
agreed
p u rch
aseton
th onage
en tire

1 824

8

3 4

com . G uaranty on prof, is secured by m tge. of 1871. b u t the pref. carries
P1881.*C.
ov o tlnSHfp. o^er.
V. 56. p . 813. M tge. of 1856 is held alive under m tge. of
A D ...................
notes of 1908 to retire bonds. Bonds (form erly
5s);cxtendcd 1911 areserved
‘ t 4 4*' % V .9 1. p. 1446; V. 92. p. 118.— (V. 92. p. 526) .
&
UNION R R .— Owns from D odson. O .. to U nion
32|znlles; leases D ayton to D odson, 15 mllce; total operated. 47 miles
J J c C le v e . Cln. Chic. A S t. Louis and Cin. H am . A D ayton Jointly own the
ifo t^ ^ m ^ ro c c e d s of*sinking°fuS. 1>0 v ! 8 * Cp 0 R?47.
» ^ m U n g yju n v \o

/••iPtf’hE,01!!
lr.iRY,^
o2? depot
Dayton.
'tf r FaiNf0
1, D ,.C
lev .C lnrU. Chic.
& S t. Lat., Cln.
H am O.
. & DUsed
ayton,byD Pitts.
ayton

& Union R R . and Eric H R ., under lease which provides th a t Interest on
Jonds and other expenses be divided between them on train basis. Stock.
S321.000. nU com . Pres., W . C. Brow n, New York; Sec., W . P . s ta rk
D ayton. O. Office. C incinnati. O .— (V. 73. p. 1312.)
D E L A W A R E R R .-—WW M ops P e n n s y lv a n ia R R .) — Shcllpot Crossing,
De}.. to D elm ar. M d.. 95.20 miles; branches. Centrevllle, M d., to Tow nsend.
D el.. 34.99 m .; Olay to n, D el., to O xford. M d.. 54.27 m .: Scaford, D el., to
Cam bridge. M d.. 32.96 m .: M asseys, D el., to Chestertow n. M d.. 20.52 m •
otherlbranchcs. 10.98 m .; to tal. 248.92 miles. V. 67. p. 1356.
• Deesed to Philadelphia Baltim ore & W ashington (which owns S2.829.607
o f|th c stock) for 99 years from Moh. 1 1910 a t a guaranteed rental of 8*0 on
th e stock, a special stock dividend of 70% being paid Feb. 28 1910; also a
spec al cash dividend of 2 0 % and an extra cash dividend of 5 % .
D!ys. prior to lease, 1898 to Ju ly ’06. 6 % y ’ly; '07, 8 % ; '08. 8 %: ’09, 8 %:
*2 ;
1 n. F • ?n d ’ Dec. 31 1910. gross, S3.347.339; net, 5779.648;
rental, S338.990; other Income, 352,572: charges. $66,103; dlvs., 5338,551:
bal . sur., $31,908.— (V. 90, p. 913. 1554.)
D EL A W A R E & BO UND BRO O K R R . — Owns from Bound Brook (Cen­
tral of N . J.) to Delaware R iver, 27 miles; branch to T renton, 3.79 m.;
5?22P.d tra ?k» 27.02 m .; third track . 9.02 m .; all track . 84.36 m . In May
1879 leased for 990 years to Phlla. A R eading R R . R ental, $213,000. pay­
ing ln t. and 8 % on stock; lease assum ed by P. A R . R y. (V. 81. p. 210.)
D E L A W A R E & EA STERN R Y . —To extend from H ancock, N. Y ., on
Erie R R .. to Schenectady, N . Y ., 146 miles, w ith branch to A ndes, 8 miles,
of which E ast B ranch to A rkvillc, 38 miles, and 8 -mIlc branch. In operation
O ct. 1909. R ight of w ay obtained from A rkvillc to Schenectady. Leases
for 999 years th e Del. A E ast. R R ., a consolidation M ay 1907, per plan
V. 84. p. 931. 1182. On Feb. 25 1910 A. M. M oreland of P ittsburgh and
W . B. Trow bridge of New York were appointed receivers for the road and
its lessee, th e Del. A E ast. R R .. Interest on the $1,000,000 Del. A E ast.
R R . bonds being In default since Ju ly 1908. owing to non-paym ent of rental
and the Del. A E ast. R y. having a floating debt of $218,000. besides $75,000
rental due th e lessee and no Int. on Its bonds having ever been’pald. V .90,
p. 626. In Mch. 1910 $30,000 6 % receiver’s ccrfts. were authorized having
a first Hen on the Del. A E ast. R R . and D. A E . R y. V. 90. p. 697. In
M arch 1911 foreclosure suit was begun under the Del. A E ast. R R . m tge.
v . 92, p. 881.
Committee for D. A E . R R . lsf 5 s.—A com m ittee (Clyde C. Taylor, Vice­
President G uarantee T itle & T ru st Co. of P ittsburgh, .Secretary) will secure
foreclosure of m ortgage and prepare reorganization plan. In Aug. 1910
over tw o-thtrds of bonds had been deposited. V. 91. p. 462.
S tock ,authorized. $5,000,000. In $100 shares: outstanding. $2,050,000.
Of the os of 1907 ($6,500,000 authorized Issue), $1,750,000 were Issuable
to take up th e old bonds ($1,000,000) and stock ($600,000) of Delaware
It E astern H R ., and fund Its notes and floating debt: balance to bo used to
com plete the proposed road. V 8 8 , p 563. In Ju ly 1009 obtained per­
mission to Issue $4,750,000 5s of 1907, Including under option $3,500,000
to an English syndicate, and In Feb. 1910 to Issue $400,000 additional bonds,
of which $915,000 reported to be Issued. V. 89. p. 102. 285. 721: V 89
p. 1667; V. 90. p. 447 626. Pres.. F. F . Searing, 7 W all S t.. N . Y .—
(V . 90, p. 447, 559. 626. 697; V. 91, p. 462; V. 92. p. 881.)
,
ARE & HUDSON CO.— (See M a p .)—O perates railroad lines
from W Ilkcs-Barrc, P a., via A lbany, N. Y ., to House's point, on Canada line,
w ith branches, 843 jnlles In all. V. 6 8 . p. 871.
Lines owned—
M iles.
leased— *See these cos. M iles.
Lackaw anna A Susquehanna____22 •ALines
lbany A S usquehanna......... ........142
Vail R R of Pennsylvania17 •Rensselaer
ara to g a ______ .192
H onesdale and other branches . 27 •C hateaugay AA SLake
Placid R R . 80
S chenectady A Mcchanicvllle
10 •U nion R ailroad____________
22
Cherry Valley Sharon A A lbany 21 •Jefferson R R . (tra c k a g e )...
35
New Y ork A C anada______ _ 15 0
50
Schenectady A D u an csb u rg ... * 1 4 O ther lines________
A dirondack R ailw ay______
57
•C ooperstow n & C harlotte Valley 4 T otal operated Jan . 1 1911____ 843
Also leases U tica Clinton & Bingham ton and Rome & Clinton R R ., 44
miles, sub-let to N .Y .O ntario & W estern. The com pany controls the Quebec
M ontreal & Southern R y., which extends from S t. L am bert, opposite
M ontreal, through Sorcl to Pterrevlllc, and from Noyan Junction to S t.
R oberts Junction on the aforesaid line, a total of 144 miles; an extension
from Plerrevllle to Fortlervll e, 48 miles, was com pleted In Ju n e 1909.
3 he line will be ultim ately continued to Levis, connecting w ith the Quebec
Bridge a t Chaudlcrc J e t., a total distance of 50 or 52 miles v 8 1 n 1 0 I(V
y . H l P. 370: V 84. p. 338. 623 On May 23 1908 thS New York A Canada
R R . was m erged, and in Ju ly 1908 th e C herry Valley Sharon A A lbany R R .
In Feb. 190;> a half-interest in the stock of the Schenectady R v 116 miles,
was purchased V. 82. p. 687. Owns $12 499,600 of the $12,500,000 stock
of the U nited T raction Co. of A lbany, which In 1906 acquired control of
H udson Valley (Electric)- R y. V. 81. p. 1550. 1610; V. 84. p. 51.
H IST O R Y , AC.—This com pany was chartered April 23 1823. I t Is one
of the largest m iners of anthracite coal. The H udson Coal Co., whose



present an d future coal ou tp u t of D . A I I . V. 86, p . 913; V . 88, p. 1499.
SlnceV1886NDS
to *9*- '97
t o ’00. '017 yearly.
to '00. '07
to ' l l .
(> ' *87° yearly.
5 yearly.
9 yearly.
oince 1886..........5 r 7 ' 'P8
Dividends In 1911 fixed a t 9% . payable quarterly. V. 90, p. 64.
C ity. In d .. DTC. In 1900 to 1906 $1,288,500 stock was rotlrod by sfnklmr
fund; none since. Tho stockholders voted May 10 1910 to perm it th e
sinking fund to be used to pay cost of additional coal reserves or for other
capital purposes. V. 90, p. 1044. Com pare V. 6 8 . p. 926, 1180
Stockholders M ay 9 1905 authrolzcd Increase of $5,000,000 stook for cont u v tPonds,
. ' . W dated
l °f h,April
0 ld,7 s,' 5° APril 11916. of $10,000,000 A lb an y & fh.sq
1 1900. on the basis of $500 stook for $1,000 of
bonds. The bonds were sold a t par pro rata to D. A II. stockholders to
Tnf’ionot!‘h
* f>usq. 6 s and 7s. effecting a m aterial saving of interest
?“ « 0 9 th A lbany * Susq. stockholders were held by higher Federal courts
be entitled to th e benefit of this refunding. Increasing tho yearly rental
P&M* v . 85, p. 721; V. 83, p. 1036; V. 80. D. 1174 1362 234*1* v sk
9 ,P- i068, for
1141;
p. 911. To Apr. 1911 $3,556,000
bonds had been 8exchanged
D. V.
A H90,. stock.
’
♦ »%?S2S*i50l(?cr8 F£b * 1 9
authorized Increase of thcstock by $7 ,0 0 0 0 0 0

d a te d JJuimn on°f5eXl0onfinKwmchn
;000stockholders
o( ■ '-» H H e a aLtlcpbacrn tu Trehe
s;
ciaceci
lo 1906, w hich wLmasuesu"C.*1?,'00,0
bscribed by

!«CKeiJ5Hrc8 ar<i cxchangeable for stock at the rate of $500 stock for *$I non
debs between June 15 1007 and 1912. Inch V .81? p. 1848; V 82 o 087
r.. Jah^ofe,$a6«u.!j?IE£St
. " cn
4
“I bonds
1 9 *}7 ($10,000,000 Issue) have a i annual sink
fund
.>0 ,0 0 0 to
purchase
of the Issue, other securities or additional
equipm ent to come under the m tge. V. 8-4. p 1247 1307- V BS n VnSo
° n M ay 12 1908 the stockhoiders authorized a flrst and refunding m origage for $o0,000,000, bearing not over 4% Int. and running 35 years and
s, l,lbJcf t,f,°, ^clem nuor, as an entirety only a t 107 H on any ln t. d ay, beginning
M ay 1 1918. One per cent of the am ount of bonds outstanding Is to he paid
to the trustee Ju ne 1 annually from 1909 to 1942. to be used to purcKasc
bonds or for Im provem ents and extensions. Of the issue, $ 6 .W ) 0( w|ll hr
reserved to retire the outstanding 1 st M. bonds: $20,704 0 0 0 were Issued to
EJcan
a ? .Nlt Ito
e b 228103"
l9 in .................£ ross- *3.054.907;
to Fi eD.
28. {(1910.................Gross.
2,767.004; nnet.
et. $952,808
850/(30
R E P O R T .— For 1910 in V. 92. p. 950.
Year ending Dec. 31—
ipin
A nthracite coal carried (tons)............ 8.268.744 7 6 0 2 8 7 7 o ir k nao
Gross earnings of railroads___
$20,431 800 $1‘) 525 8 5 9 . i v ’nnn’aui
N et (railroads) __________
$ 8 233 513
$8 067 3 8! ’ n ' S ' n n
Coal departm ent (n e t).......... . .
358 6 6 2 * ’5 0 7 "s7 6 * I'? x n '2 !a
O ther incom e.......................................... I I 2.072!700 l.SHLTM LSO ^O?!
xr.ISofl
J et lncora.
e v ............--------------................$10,664,875
$2,045,684 $10,391,999
$2,076,206 $10,339,104
$1 897 628
Miscellaneous
rentals

Interest, taxes and miscellaneous... 3.289,602 3.120,893 3 1 8 7 0 1 8
Dividends on stock. 0 % ....................... 3,825.180 3.825.090 3 8 1 6 0 0 0
Balance,
surplus . . . . -------------- $1,505,009 $1,309,750 $1,438,458
rh e earnings of the coal d ep artm ent In 1910 were $11,806,888' cxnenses

$11,704,905; n et. $41,923. W 1909. g r o i. $16.340*29b7neL $2M^4M
O FF IC E R S.— Pres., L. F. Loree; Chairm an Exec. Comm., R . M o iypbant; V .-P.. Chas. A. Peabody; 2d V .-P., C. S. Sims; 3d V .-P,, W 11
WUllams; A sst, to Pres, and A sst. Sec., W . B. Schofield: T rcas., C. A.
W alker; See.. F. M. O lyphant; C om p., w . H . Davies, 32 Nassau S t.. N. Y.
M anagers.— R obert M. O lyphant. Chauncey M. Depow. John Jacob
A s t p r L F .L oree, W illiam S. O pdykc. Archibald I). Russell. Cornelius V an­
derbilt. R. Suydam G rant, George I. W ilber, C. A. Peabody. R obert s .
L ovett. Jam es A. Linen and R obert C. P ruyn.— (V. 90 n 10 4 4 1296
1424: V. 91. p. 790. 1760: V. 92. p. 118. 186. 394. 950.)
'
DELAW ARE LACKAWANNA & WESTERN R R .-(.S'ee M a p .)- O per­
ates m ain line from H oboken, N . J ., opposite N. Y . City to BulTalo N. Y.
410 m ., w ith branches to anthracite region, Ac., 547 in., viz.: (*scc this co.)
Lines Owned—
Miles. Lines Leased (Concl.)—
M iles.
N. J. .State line to N. Y. lin e___ 114 Greene
8
Branch to N orthum berland..........so •OswegoR ailroad..................
A
S
yracuse--------------------35
H opatcong, A c----------------2 •U tica Chenango A Susquehanna 1)7
E ric A C entral New Y ork____
1,8
R R . of New Y ork______ 11
Bangor A Portland R y .. . . . . 3 8 •Y'alley
Lines Controlled and Operated—
H anover A Newport R R ___ ____ 7 •Syracuse
Bingham ton A N. Y__ 81
Lines Leased— (See each co.) —
R ailroad _________________ 31
Morris A Essex and leased hrchs.176 Sussex
Lackaw
anna
A M ontrose R R . . . 1 1
N . Y . Lackaw anna A W estern 214
Cayuga A S u sq u eh a n n a ...
34
T otal operated Jan . 1011_____ 957
Cut-ofT between Slatcford, P a., and P ort Morris. N ,1 under ro n stn irVoiY
of N V*J. LV28
t0 bcv com
by end
of
1011, Uwlif'shorterTl?npL<n
will shorten line l l j * miles.
86, p.m *»543*
00 pleted
n 557*
V 0‘^
P - 656. The new Bergen Hill tunnel, H mile? was opened for traffic Feb. 14
* S T T S F / 1n « 1 ,c<>uU>a uJ- chartered in 1832. present title assunicd n 1853. In 1!)03 purchased entire stock N. Y. A Hoboken Ferry Co.
authorized atnalr ,n «A.L.' * m ' Coal Co; was. Incorporated w ith $(’> .800,000
van la thef?,r>n„2w ^ “Clfholders
s,c llng being
“ ? cnt perm
for t,itted
h c comto pany's
coal for
In Pennsylsubscribe
Its stock
u-r°soatn
tx
iF
,wConCnt
ot
th
elr
holdings.
Sec
extra
dividend
° 9. ' P V’ L v - 90. p. 557. Q uarterly dividends of 2 H % on the coalbelow.
com ­
pany s stock were begun In Jan . 1910. V . 90. p. 54
In Deo. 1909 sold $1,850,000 I.chlgh Valley R R . stock. V .00, p.54.557.

A l’R.. 1911.J




RAILW AY STOCKS A N D BONDS.

47

48

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[Far abbreviations, & c., see notes on first page]

Miles Date
Road Bonds

O ther m ortgages___________
Del River RR & Bridge— 1st M gold
Denv Boulder & W est— Inc 1st M **'
Denver Lar & N W — 1st M g red 108 530,000 p m_M;
Denver N orthw & Pac— 1st M $22,500,000 g __ Mc.c
C ontinental T unnel 1st M $5,000,000 gold gu p & l.

39 1860
19 1874
10 1896
_ 1909
1910
210 1902
6
_ 1910

/ 1,667 1886
1886
F irst A ref M $150,000,000 gold red te x t. Baxc* Ar' 11,667
1908
Im provem ent m ortgage ($5,000 per mile) gUs c*A 2,529
1,667
1888
Rio G rande Southern llrst m ortgage guaranteed C< 180 1890
Rio G rande Junction llrst m ortgage guar
C cc '
62
1889
R io Grande W estern 1st M gold (V 69, p 284) ""C eV
435 1889
F irst cons m tge redeem a t par (see text) g ' ' n >
1899
U tah C entral 1st M guar (V G8, p 724) goldV ._lG 669
36 1898
U tah Fuel Co 1st M $2,000,000 redeem a t 110 (]
1901
I leasant Valley Coal 1st M s f redeem a t 1 1 5 .. G
1898
S alt Lake City Union Depot A R R —See th a t Co.
E quipm ent bonds Series A gold $75,000 due sem l-an - - - 1903
nDcs m« oines
s &c. Port* r?Dodge—Common
cr,Ies B red 101 gstock
$75,000 due sa
1907
Preferred stock 7% n on -cum u lativc.. .
..........
F irst m ortgage gold guar prin A in te re s t._ _Ce.c*Ar i38 1905
Second mtge $1,000,000 gold redeem a t 105_____Ta
1906
Dcs Moi la P & No—Sec S t Paul A Dcs Moines
Des Moines Union— First M for $800,000 gold__Ce.c*
5
D etroit Grand H aven & Mil w— F irst equip M guar c* 189 1887
1878
Consol m ortgage g uaranteed_______
c*
1878
D etroit Hillsdale & S W— Stock 4% rental L S A M S 189
65
D etroit Grand R apids & W estern—See Pere M arquett e R R
x Of which $1,677,000 In treasury; there are also $2,233 .000 n

Par
A m ount
Value Outstanding

T o t a l n e t I n c o m e .............................................5 1 8 ,6 6 9 ,3 1 1 5 2 3 ,5 1 3 .5 9 5 5 1 8 ,9 3 0 ,1 9 1
I n t e r e s t a n d r e n t a l s ........................................ 5 5 ,1 6 6 6 2 5 $5,163,383
- - - - - - - - $5,160,140
—
R e n t a l s , a d v a n c e s , A c __________________
’2 3 8 5 8 4
271,563
291,323
R e n e w a ls a n d b e t t e r m e n t s _____
" 2 5 4 2 ’l l 7
2.099,454
2,781.603
D iv i d e n d s ( 1 0 % ) .....................................
3 0 1 4 4 0 0 £2,817,216
2,620,000
3 .0 1 4 1 4 0 0 £3,014,370
E x t r a d iv id e n d ( 1 0 % ) ............................
2,620,000
B a l a n c e , s u r p l u s , a f t e r d i v i d e n d s ._ 5 4 ,6 9 3 .1 8 4 5 1 0 ,1 4 7 .6 0 9 5 5 ,4 5 7 .1 2 5
*
t h e c o a l d e p t . In 1 9 1 0 , 5 2 1 ,7 8 6 ,1 2 7 ; e x p e n s e s , 5 1 8 ,4 0 4 ,8 6 5 ;
t • * 3 j3 8 1 , 2 6 2 : 1 9 0 9 . e a r n in g s , 5 3 5 ,6 6 5 ,8 6 5 : e x p e n s e s , 5 3 1 .0 3 7 ,0 9 4 ; n e t ,
5 4 ,6 2 8 .7 7 1 ; 1 9 0 8 , e a r n in g s , 5 4 1 ,4 8 7 ,5 5 5 ; n e t , 5 4 .1 6 6 .7 9 3 .
x A ls o 5 0 % e x t r a c a s h d iv id e n d p a id J u l y 2 0 1 9 0 9 a n d 1 5 % s t o c k d iv i­
d e n d A ug . 2 1 9 0 9 , f r o m p r o f it a n d lo s s .
O F F I C E R S ,— P r e s . , W . I I , T r u e s d a le : S e c . a n d T r c a s . , A . D . C h a m b e r s .
B O A R D .— F r c d k . W . V a n d e r b i l t , W m I I . M o o re , E u g e n e H ig g in s
H e n r y A . C . T a y l o r , J . R o g e r s M a x w e ll, G e o . F . B a k e r , W m . R o c k e f e ll e r ’
G eo . F . B a k e r J r ., J a m e s S tillm a n , M . T a y lo r P y n e , H a rris C . F a h n e s to c k ’
— — ---------J o h n D . R o c k e f e lle r J r . , W illia m F a h n e s t o c k . O fflo e 9 0
W e s t S t . , N e w Y o r k .— (V . 9 2 , p . 5 2 3 , 655.)
Ju
D E L A W A R E M A R Y L A N D & V IR G IN IA R R .— O w n s f r o m H a r r i n g t o n
t o F r a n k H n C i ty , V a ., 7 8 m ile s ; G e o r g e to w n to R e h o b o th , D e l., 2 0 m ile s t o t a l , 9 8 m ile s . C o n tr o l le d b y P h l l a . B a l t. A W a s h . , w h ic h o w n s 5 3 2 6 ,2 0 0
o f t h e 5 5 2 6 ,7 5 8 s to c k ( p a r 5 2 5 ) , a n d s o b y P e n n . R R . S e e V . 5 0 d 4 9 8
I n y e a r e n d n g D e o . 3 1 1 9 1 0 , g r o s s . 5 3 5 6 ,3 8 4 ; o p e r . d c f ., 5 1 2 ,8 9 2 ; o t h e r
I n c o m e , 5 1 ,8 2 2 ; i n t . , A c ., 5 5 3 ,7 8 7 ; b a l ., d c f . fo r y e a r , 5 6 4 ,8 5 6 — b u t t h i s
d o c s n o t in c lu d e I n t e r e s t o n I to a tln g d e b t (o f 5 8 8 0 .2 4 9 D e o . 3 1 1 9 0 9 ).
D E L A W A R E R IV E R RR. & B R ID G E C O — F r a n k f o r d J o t . , P a I t o
P c n s a u k e n , N . J . , a n d b r a n c h e s , 9 .5 2 m ile s .
C a p it a l s to c k ( 5 1 .3 0 0 ,0 0 0 ) Is a ll o w n e d b y t h e P e n n s y l v a n i a R R . w h ic h
g u a r a n t e e s b o n d s , p r in c ip a l a n d I n t e r e s t , b y e n d o r s e m e n t . D iv id e n d s D e o . 1 9 0 0 to J u n e 1 9 0 6 , I n c l.. 4 % y e a r ly (2 J . A D . l ; D e c . 1 9 0 6 , 3 % - 1 9 07
5 % ; 1 9 0 8 , 6 % ; 1 9 0 9 a n d 1 9 1 0 , J u n e . 2 % ; D e c .. 4 % . S in k in g f u n d 1 % '
B o n d s c a n n o t b e c a lle d . G u a r a n t y , V . 6 3 , p . 1 0 6 2 , 1 1 5 9 ;J V . 8 9 ,rp . 1 5 9 6 A fl
■ DENISON BONHAM & N EW O RL EA N S R V — B o n h a m J e t . to B o n h a m
T e x . , 2 4 m ile s . O p e r a te d s in c e c o m p le ti o n , D e o . 1 1 9 0 1 , b y t h e M o K a n s
A T e x a s u n d e r a 1 0 - y e a r c o n t r a c t . S t o c k , 5 5 0 ,0 0 0 . I n N o v . 1 9 0 5 p e r m ls s lo n w a s g iv e n to r e g is t e r 5 3 2 5 .0 0 0 3 0 - y c a r g o ld b o n d s ; n o n e o u t s t a n d i n g
J u l y 1 9 0 9 . V . 7 6 . p . 3 8 1 ; V . 8 1 . p . 1 6 1 0 . P r e s ., E d . D . S te g c r ; S e e .,
J o h n W . R u s s e l l.— (V . 7 7 , p . 8 2 3 ; V . 8 1 , p . 1 6 1 0 .)
• D EN V ER LARAM IE & N O R TH W E STE R N R R — P r o j e c t e d to e x t e n d
f r o m D e n v e r , C o l., t o c o a l H e ld s In C a r b o n C o ., W y o . , 2 2 0 m ile s , a n d th e n c e
t o n o is e , I d a h o ; t o t a l , 7 5 0 m ile s , o f w h ic h 5 6 m ile s , f r o m D e n v e r to G r e e le y ,
£ ?* •»
o p e n e d M a y 15 1 9 1 0 , a n d 1 2 m . w e s t o f G re e le y w e re u n d e r
c o n s t r u c t i o n In O c t. 1 9 1 0 .
S to c k a u t h o r i z e d , $ 3 0 ,0 0 0 ,0 0 0 ; D a r, $ 1 0 0 . B o n d s a u t h o r i z e d , $ 2 2 ,5 0 0 ,2o2h nm *'
$ 5 b 0 ,0 0 0 o u t s t a n d i n g O c t. 1 9 1 0 ; s in k in g f u n d
12 2^ a n d e a c h ,n t e r c s t d a y t h e r e a f t e r . V . 9 0 , p . 1 2 3 8 .
S u c c e s s o r In 1 9 1 0 o f D . L . A N . W . R y . V . 9 0 , p . 5 0 2 .
P ™
? ? ’i . o h l ?s o n * D e n v e r ; V i c e - P r e s . a n d G e n . M g r ., W ill ia m E .
G r e e n , S e c ., Z e p h C h a r le s F e l t ; T r e a s . , W . E . S k i n n e r .— (V . 9 0 , p . 1 2 3 8 .)
r n i B P - W E S T E R N R R .— B o u ld e r t o W a r d . C o lo ., 2 6
I d o r a ,2 0 m ile s ; ^ r a n c h e s , 5 m ile s ; t o t a l , 5 1 m ile s . R e a c h e s
D enver
D e p o t f r o m B o u ld e r o v e r C o lo . & S o u . ( t h i r d r a i l ) ; V . 8 0 ,
u i ^ ° 0 i j t n p i CC« 7 rS rr5 n n C o lti &
W ” f° re c lo se d M a rc h 2 9 1 9 0 9 . V . 8 8 , p .
!J 4 4 - < ,°nn n n /i llu 0 0 ? ; a11 ?H t ; P ftr 5 1 0 0 . O f t h e b o n d s ($ 8 0 0 ,0 0 0 a u t h .
I s s u e ) , $ 1 0 0 ,0 0 0 a r e r e s e r v e d f o r e x te n s io n s , I m p r o v e m e n ts , A c . T h e y a r e
e n t i t l e d t o i n t . u p t o 5 % if e a r n e d , p a y a b l e S e p t . 1 b e g in n i n g 1 9 1 0 .
F o r y e a r e n d in g J u n e 3 0 1 9 1 0 , g ro s s , $ 1 3 2 ,8 0 1 , a g a i n s t $ 1 1 5 7 6 1 In 1 9 0 8 ­
0 9 ; n e t In c o m e >, $ 3 4 ,0 3 4 . a g a l n s £ $ ^
p r o v e m e n t s , $ 7 0 0 , b a l ., s u r . , $ 2 7 ,1 4 1 . D lv . o n In c o m e s 3 % ($ 2 1 0 0 0 ) ,
f f i d S e p t. 1 1910. P re s, a n d T reas
B . H a y e s ; S e ^ f ’C M . W ill ia m s .
O ff ic e , B o u ld e r , C o lo .— (V . 8 9 , p . 4 1 , 9 9 3 .)
. 9 E N V E R N O R T H W E ST E R N & PA CIFIC R Y . — T o e x t e n d f r o m D e n v e r
n0o J a Lt .w.a ,k o r a b o u t 5 7 ?
a lin e a b o u t 1 0 0 m . s o u t h o f t h e U n io n
P a c . a n d 1 2 5 m . n o r t h o f t h e D e n v e r A R io G r a n d e . I n 1 9 0 5 1 1 0 m ile s .
D e n v e r t ° 5 * Ip h u r S ? r Ln g ? ’ C0l/ o*flT r e °,p e n e d • E x t e n s i o n , 101 mV, S u l p h u r
S p r in g s t o S t e a m b o a t S p r in g s (3 6 4 m . f ro m S a l t L a k e C i ty ) , w a s c o m p le te d
N o v . 1 1908. S ec V . 75, p . 289; V . 78, p . 1108; V . 80. p . 1362; V . 8 6 . p . 167.
_ i n N o v . 1 9 1 0 I t w a s p r o p o s e d t o b u ild a 4 - m ile t u n n e l c o s tin g a b o u t $ 4 .
2 0 0 ,0 0 0 t o s h o r t e n t h e p r e s e n t r o a d 1 6 H m il e s . V . 9 1 , p . 1 4 4 6 .




When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

AU
$185,000
3
J A J
1 1932
Broad S t S tatio n, Phlla
All
200,000
34
J A J Jan
Jan 1 1932
do
do
650.000
O
verdue
do
do
$1,000 1.293.000
4g F A A
1 1936
Philadelphia, Pa
100 Ac
700.000 To 5% See text Aug
July
1 1939
People’s
T
r
C
o.Bklyn.NY
1,000 See text
5 g A A O pr 1 1940
M anh T r Co, or off, Denv
1,000 NoneSep’10
4 g M A S ASept
1 1952
New York or Denver
100 &c See tex t
6 g Seml-an 10 years
D enver, Colo
2.025.000
55 g J A J
York or Denver
332,500
Q— F Aug '11-1’cb '16 New
H arvey Fisk A Sons.N Y
100 38,000.000
100 49,779,800
16 1911 2>i Office, 165 B 'w ay, N Y
500 &c 33.922.000
4 g J A J Jan
Jan 1 1936
N ational P ark B ank, N Y
1,000 6.382.000
J & J Jan 1 1936
4
H
g
do
do
& m ks 32.944.000
5 g F A A Aug 1 1955
B ank' T r Co, N Y;& Ber
500 8.335.000
5 g J A D Ju
ne
1
1928
N
ational
P
ark
B
ank,
NY
1,000 x2.277.000
4 g J A J Ju ly 1 1940
M aitland, Coppell, N Y
1,000 2.000,000
5 g J A D Deo 1 1939
„
do
do
1.000 &c 15.190.000
4
g
J
&
J
ly 1 1939
G uaranty T rust Co, N Y
1.000 Ac 14.168.000
4 g A A O Ju
A pr 1 1949
do
do
1,000
390.000
4 g A A O Jan 1 1917
do
do
1,000
647.000
5 g M A S Mch 1 1931
do
do
1,000 1.007.000
5 g J A J Ju ly 1 1928
do
do
1,000
300.000
M
A
N
4M
g
Nov
*11-May*
13
Blair
A
Co.,
New
York
1,000
975.000
5 g M A S Sep’ll-S e p ’17
do
do
100 4,283,100
100
763,500
August Aug 2 1909 5% 25 Broad S treet, N Y
1,000 3.072,000 See 4 text
g J A J Jan 1 1935
C entral T ru st Co, N Y
1,000
600,000
5 g A A O Apr 1 1935
1,000
621,000
5 g M A N Nov l 1917
T ru st Co, N Y
1,000 2.000,000
6
A A O Nov 14 1918 Central
York and London
200 Ac 3.200.000
6
A A O Nov 15 1918 New do
do
100 1.350.000
4
J A J Jan 5 1911 2% Farm ers' L A T r Co,
NY
ot guara nteed

for 15% stock dividend. &c. V. 89, p! 41.’ 348.
D IV ID E N D S.l'SO to '03. ’04. ’05. '00. ’07. ’08. ’09. TO.
1911.
8 *lc£
i.1880—
% /7 y ead y. w *17*19^*20
*20 *20
To April
A pr.,19055%
* The
quarterlyfdlvldcnd
as increased from
1 M to*702 H*20
% in
an ex tra 10% was paid in Dec. 1904 to 1910 inclusive. In Ju ly 1909 a
special cash d iv id en d of 50% was paid, one-half being applicable, If desired,
to subscription of stock of new D. L. & W. Coal Co. selling agen cy also
15% stock dividend paid Aug. 2 1909. V. 89, p. 41, 224.
EA R N IN G S.— 8 m o s .J 1910-11----- Gross, $23,890,108; n et, $9,727,194
Ju ly 1 to F eb. 28. 11909-10------Gross, 23,874,126; n et, 11,345,878
• ANNUAL R E P O R T .— A nnual m eeting Is held on Tuesday preceding last
F riday in F ebruary. The report for 1910 was in V. 92, p. G55. The fol­
lowing includes all lines except Syrac. Bing. & N. Y ., Sussex R R . and Lack
& M ont. R R . In 1910 and 1909, and in 1908 the Bangor A P ortland.
Year ending Dec. 31—
1910.
1909.
1908.
Passenger earnings.......................................$7,290,943 $6,825,430 $6,449,032
F reight earn in g s.-----------26,511.251 25,858.081 24,408,710
M iscellaneous............................................. 2.250,738 2,131.500 2,040,753
G ro s s ____„ ___________________
$34,815,011 $32,898,495
N et after ta x e s ................................. --.$36,052,932 $15,039,686
$13,249,939
Coal departm ent (n et)..................... --.$14,121,315
.
.
.
*3,381,262
*4,166,793
O ther m iscellaneous Income____ - - - 1,166.734 *4,628,771
3.845,038 1.513,458

w.

Rate
%

[VOL. LXXXXII

STOCK, BONDS AND N O T E S .- -Auth. stock. $20,000,000. of which

88M
S&V
0.i°00.^sVood.odo‘'are
^,
?nr0
’? t ,0.00l
(^ 3F
? m, 09P,,6%
bnOnrdDS/ 19A°VH*5d
o ° f thenotes
Ponds.
^ l e p oConstruction
s ir e 'dJt'^9dc X«a rn
t;S 1
7 T,.5t
2-year
of the Colorado-Utah

,Er»hvd&^ 1Aay„1 iaa

SSt

f ^ y ^ Q -F')^Central*Tr^Cc) N*1^ *
^
^ 0 ^ 5 2 5 ,()00’a ^ ^ 5 5 0 ,000 eac'h^' V . ' T h e
b'o’n d s’of the
GonHnnnfni £ uSnc ka" *.? construct a tunnel 6 miles in length through the
# N .W . T ER M IN A L R Y .— Leases N orthw estern Term inal Rv at ncnvpr

?02

s'cne v 90np3 f 0c3oalta'blc t0

5 6 6 L M ll2 T 9 0 M 9 ! S t f w b S S S P i S S 8 s V

im

’^

1

*973 j873. .^ s t.

DENVER & RIO GRANDE RR.— (See M at)•) — R O A D .— Mileage
Road owned am i operated------- 2,528 Of the precedingRio G r. Jc. R R ., Ac. (leased ).. 70 SMarrnin
tandardrrnun...
g a u gnnl..
e ....'.
i «in
- 1,010
T otal Ju ne 30 1910...................2.598 .Seem™ fraok° “ ".’L l .................... io j
Rio G rande A Southw estern R R ., L um berton S tation, Col., 33 m 's o u th ­
easterly, is operated on basis of 25% of gross earns V 79 p <X)7 utn
In Juno 1910 construction was begun on a n e w Joint line w ith th nfln ln r.H .
& 0 OVh 90V ™ 620UCbI° *° W alscnbur^ 58 m Iles , t o cos ? probably <55,<700., H ISTO R Y .——Reorganization of a railway com pany of sam e nam e fore­
closed Ju ly 12 1880. On July 31 1908 the Rio Grande W estern was m erged,
y * P-22b, 285. The Rio Grande Junction Is leased Jointly bv this eo
and the Colorado M idland, and Its bonds guaranteed. The Col M idland Is
controlled by parties Interested severally In the D. A R . G. and Colorado
*mhn*vi!r n '
P’ ^
’rlle R1° G rande Southern is controlled
5 7 ^ 0 0 m n m efeSed
“ !,)
0 1 „ f c<lu |r<'<‘ 514,800.000 com mon and
thl3’
tdkfther
w ith the Rookefeller Interest, it
v X T m I : 6T i «
a73COnS1 e0r6ablC m aJorlty ot thc entlro “took.
Denver A Rio G rande owns tw o-thirds’of the stock and has given a traffic
guaranty to the W estern Paclllo R y.(w hich see), com pleted from Halt Lake
City to San Francisco In 1910. V. 81, p. 845; V. 83. p 568 The stock
(5200,000) of the Salt Lake City Union Depot A I tlt. Co. Is about equally
owned by the D. A R . G. and W estern Pacific, which guarantee Its 51 100 000 first m ortgage 30-ycar 5% bonds. V. 88, p. 232.
* ,1UU'
STO CK.— E arly In 1910 54,000.000 pref. stock was sold a t par for Im­
provem ents, equip., Ac., raising am ount outstanding to 549,779,800.
D IVS. since '911 '92. '93. '94. '95. '96. '97. '08. '99. '00. '0 1 to Jan 'l l
on preferred, % . . / 0 2 0 0 2 2
2 H 4 4
5 yearly.
BONDS.— Consols of 1886 for 56.900.000 originally reserved for exten®‘° 1' *° °k d en were available for capital requirem ents, of which part Issued.
V. 73, p. 507. See abstract of m ortgage in V. 47, p. 228.
The improvement mortgage abstract was In “ Chronicle,” V. 4 7 D 220
A bstract of R . G. W . 1st m ort. was In V. 49. p. 237, and statem en t’to
N -Y . Stock Exchange, V. 50. P, 73; also V. 69. p. 284. U tah Fuel 1st 5s
of 19.11. f ea,.p llcaU °,, to list, V. 78, p. 1171, 1178, 1548, 2015.
Vv •rJ729, p. 537, f775,
i r ' 1189. List of coll.
° ,„ 1 8p9.
application
June see
30 1910,
V. 91 ton list
.525 In full.
Thc refunding m tge. dated Ju ly 1 1908 covers thc consolidated nronortles
to secure an Issue of 5150,000,000 bonds, of which 590.000,000 wero avaiiL : 0,t u’r purposes. The bonds are redeem able a t 105 to Aug 1 1913
and 110 thereafter. In addition to a lien on the D enver A R G RR the
Pa?ineaAe„dCC«!rC! ,e ys 9 X n n n m n (S5.°. 0 <M.000) of the stock of tho W estern
D 1221 m i l WQ- V S700n °?9 l'2
b„°.ndS 0, 1 tllC lattC r- V - 80.
Z o l i k i l t ; V5 89. p ’. 348.P5932®V2!S ’. 5p148478’11’ 1410i V' “ ■ P ' 10° ' 23°'
J’A JE S T E A R N IN G S.— From Ju ly 1 to Feb. 28. 8 m onths:
, ru it!, ,n...............5
ths
.if}G.10D.830
i'im f 'sTO 54.616,940
,1
0l/icr
Inc. 53.991,585
Cltarocs. D51.699.115
al., S ur.
51.073.760
1909-10............... 15,775,613 4,404.976 927,288 3,543,559 1,788,705
In^ the Riot qGrande
p E p ,°AAT'TRcpor
1 r°rp.1909-10
In V.. 91, p. 515, 523, includIng
W estern. See
493.
1907-08.
Average miles operated.................
1 9°*9-10^
1908^09.
N0e K n n J lng rCVGnUC................. 1 1 1 " « 3 ,563,437 $20,876:571 $20,386:431
T aL s
7 . 5 0 3 .9 7 ?
750,471
762,823
O perating Income..........
.
$6,955,952
$5,704,712
*6,753,508
O ther Incom e............................. Z Z lll - 2,690,714 1.379,417
554,296
T otal net Income________________ . $9,646,667 *7.084,129 *7,307,804
*3,301.051 *3.293.928
i. 273.476
47,303
223,246
H ire of equipm ent.
- 605,312
430,737
502.884
- 2.488,990 2,288.990
2,288,070
Renewal fu n d ................
120,000
120,000
120,000
A ppropriations for betterm ents I 231.393
156,300
204.884
'r nsferred to deferred Income. . VI - 1.152,844
T otal________________
$9,247,490 $6,797,415 $6,411,431
su rp lu s.................................
$399,177 $286,714 $896,373

D

Boo Jo.

| a ck a w a ™ a

Saolstlqee

^ W

Pcmbloe

Kloocqua i

G E O B Q lA X l

Preutice

C alom el 1

elaw are

:nomlu^

2

irlncttiv

ester n

■>

■rieton Place*

'R a ilr o a d ,'vvn>v)

Alpena ©

HROUGH

Wa»j*au(L_

KemplTC.lt

Contwui

Smith* Palh

H a d ik ir t

ONNECTIONS

ibbottiford'Qj

'KeWton FalU-'VXurP'ty*

,T r* v «j
Rteveua Point
Central!*,

RAILWAY STOCKS AND BONDS

Oshkoab (['Is ■
Princeton

ik&itou’oti
i-boygat^n
//
M ilw auM

Z M O

D o d jevU V

ITarrlitoS'

Cadillac

MeuaabeHf

Coderlcb
Fergus

[Big BapId*
Ite Clon'd

Stratford

Snaken

S v Q»l«V '

CampbellTitlc'

A lboaj

U a t»* n lS
-Rockford

>ntSrille
Clinton |

Rochelle
Uixon<

loltce

Toletin>

Joliet^

Mendota

i! bMBa

WtMU

Oil City
.F ran llic V

Glim in

Peoria

Driftwood
(Kenton)
Marlon
•BrookTilV

■Lincoln

,Muncle
CrawfordsT)Ilc

Altoona-

napolin

ipnelllei

Middletown

ttuhvllicj

APB., 1911.J



Imcinnati

Colombo*

ATtacioat
Vandalia

Co*'1
Madiaoo<

Cnlontowi

jTW f.

F o ritn o o th \
Gallipoli* I
Fairmont
sGrafton

IXlaysvlIlcJ

IvaaiTule

El Dorado/
Shawntetown'
"De K o rea .

KetjAlbaEy

lUrnbcrTnnd,
fiaadm if

TlitoOnffli
(Shelby Tllta^-

Sutton i

Baltimore'

50

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations. A c., see notes on first page]
D etroit & M ackinac—Com mon stock, $2,000,000 auth
Pref. stock $1,000,000 au th o rized _________________
"F irst lien" $1,500,000 g old ................................__Gc*
"M ortgage bonds" $1,750,000 g red a t p a r _____(ic*
D etroit Toledo & fro n ton —Com stock (V 80, p 050) . .
& F irst pref 4% non-cum (pref as to assets) $7,500,000
Second preferred 5% non-cum ulatlve, $5,000,000.
R ecclvcrs’ certificates......................................................
do
do
____________________________2
do
do
___________ __________
D etroit S outhern—Ohio South Division m tge C'
General lien A division 1st M $4,253,000 gold N c'
Consolidated m ortgage $22,500,000 gold
K c'
N otes for Ann A rbor $5,500,000. see text
" Usm
Locom otive notes, p art due s - a ..................
E quipm ent tru st gold (V 82. p 9 9 )..
"fa
D etroit S outhern car trusts due $40,666 yearly
D et & Tol Sh L— 1st M $3,000,000 g gu p A 1 Me o*Ar
Dover A H ockaw ay— Stock 6% rental 999 years
Dub & Sioux C ity— III Cent W lines 1st M g Us c*Ar
Iow a Falls A Sioux City 1st M Iow a Falls to Slo’uxCy
Cher & Dak, C R A C and O m aha Dlv Ac first m tge
D uluth & Iron Range— First m o rtg ag e ..
M o.cAr
**Second M currency redeem a t 105 $5.000,000_Ce.c*
D uluth M issabe & N orthern— First m ortgage gold s f
F irst consol m tge $3,500,000 gold call at 105
Ce
General m ortgage gold s f, red 1 0 5 ............. .........Nxc*
D uluth So Sh & A tlantic—M arq H A On gen M Ce.c*
D uluth South Shore & A tlantic 1st M gold Cc.c&r
F irst consol m tge gold Interest g u a r____C e.c'A r
Incom e certs ($3,O0O,OOO held by Can Pac Ju ly ’10)
Car trusts guar by Can Pac (due $17,000 yearly)
do
do
do ........................................
do
do
do ______________________
Dul Winn & P ac— 1st M deb stock guar by Car Nor Ry
DuIRLAW In 1st M I2.000.000 g red 105 bcg’ll.IC c *
Dun All V & P itts— 1st M $5,000,000 g g u . .G .x c ’ &r*
Durham & So C ar—1st M $300,000 gold red 105-MeBa

M iles Date
Road Bonds
All
All

263
All
T ext
48
218
184
328

210

210

65
130
215
130
587
587

30

1895
1895
1910
1910
1911
1901
1905
1905
1905
1909
1905
1903
1895
1869
’ 88-00
1887
1896
1892
1893
1906
1885
1887
1890
1892
1907
1909
1910
1909
1900
1910
1905

Par
Am ount
Value Outstanding

[VOL. LXXXXII

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends arc Payable

$100 $2,000,000 See text See text Jan 3 1911 2 H II IC M oHarg, New York
950.000 5 in 1910 J & J Jan 3 1911 2 H

100
1.000
1,000

do
do
1.050.000
4g
D
1 1995
J P M organ A Co, N Y
1.250.000
4 g JJ &
A D June
June 1 1995
do
do
12.500.000
7.500.000
5.000.
000
833.000
To Jan 1912
188.000
To Mch 1912
150.000
1,000 4.495.000
4g
A
l 1941
S ept 1910 coupon paid
1,000 4.253.000
4 g J A I) Mch
Dec 1 1955
Dec ’09 coupon cashed
1,000 2.776,400
4 H 1 F A A Aug
l
1980
Aug '07 coupon last paid
1,000 See text
J A D Dec 1 1908
5
’07 coupon last paid
94,500
M A S To Sept 1913 HDec
6
arvey Fisk A Co, N Y
1.656.000
1,000
A
r
J
D
4
H
To
June
1915
Dec
last paid
80.000
1,000
4 Vi f A A () To Oct l 1912 Merc T’07ru stcoup
A Dep Co. Hal
1,000
2.288.000
4 g J A J Jan
1 1953
M
ercantile
T
ru
st
of N Y
100
140.000
A A O A pr 1911
6
143 L iberty S t New York
1,000 5.425.000
4 g F A A Aug l 19513% Office
115 B’way, N Y
500 Ac 2.800.000
7
A A O Oct l 1917
do
do
8.930.000 Illinois < entral bo nds or collatera 1 therefor
1,000 Ac 6.732.000
5
A A Oct 1 1937
Office Em pire Bldg, N Y
' 000 Ac See text
J A oJ Jan
6
' 1 1916
do # ia * 4 do
1.174.000
6 g J A J Jan
1922
1,000
765.000
6 g J A J Jan 11 1923
Central
T rust Co, N Y
1,000 9.075.000
5
g
J
A J
1 1941
Com pany’s office, N Y
1,000 1.077.000
G
A A O Jan
A pr 1 1925
44 W all S t, New York
1,000 3.816.000
J
5
g
A
J
Jan
1
1937
do
do
1,000 15.107.000
F A A Aug 1 1990
New York or London
3.000.
00044 g
Dec 31 1912 M
ontreal, Quebec
51.600
5
J
A
D
15
To
June
1912
Chicago, III
120.000
4 ^ M A. a Mch 1 1914
D etroit, Mich
176.000
4
A A o A pr 1 1915
Philadelphia. Pa
6.148.333
J
4
A
D
June 1 1939
London
or T oronto
1,000 2.000. 000 5 g J A J Jan
1916
Chase N atB k.N Y ; A Chic
1,000 Ac N oneJan’l 1 4 K l F A A Aug 11 1960
Now
York
1,000
300.000
5 g J A J Ju ly 1 1935
M erchants' T ru st Co,Balt
100
100
100

O FF IC E R S.— C hairm an of Board. George J . Gould: P res., E . T . Jeffery
Vloe-Prea., Chas. H . Schlacks: T rcas., J . W . GUluly; Sec, and C om pt.. ! n 7 ? v VL»!.83n%
7hoad T he Dec. 1909 coupons
V ' 89> p were
- 1 4 8 2cashed
.1 1 5 9 6 . In1 6behalf
6 7 : V . of
9 0 the
/p .
p -,7?4.
Stephen*LU tle. Offtoo, 165 Broadw ay. New York.
D irectors.—George J . Gould. W inslow S. Pierce, E . T . Jeffery, Edw in 1490?^iB M fv .l91?rp?t?5U Ut the 1910 ooupons rom al,> unpaid. V. 90. p.
G ould. H ow ard Gould. A . H . Calef and A rthur Coppell, New York: Charles
CommitteeforConsolidated Mortgage 4 He.— Francis H enderson. ChairmanH . Schlaoks. S an F ran.; Joel F. Valle, D enver, Col.— (V. 92, p. 794.)
n T ^ nlvtri v rb ’ J °“ ph **• Forakcr. Much H . H arrison. Joseph Ham sey J r ’
D ES M OIN ES & PORT DODGE R R . — (See M ap M inneapolis A S t. ?*?• 17' \ ouni? •••’w a rd C. Dickinson, Sec.; Em pire T rust Co., N. Y '
depM ltary ^ 4 Form ed In Feb. 1911 by a m ajority of tho consol. 4 Ms.
L o u is .) —Owns Des Moines to R uthven, la ., 137.01 m .: a t F t. Dodge. Ia
0.61 m .; trackage, T ara to F t. Dodge. 6.07 m .; and Spencer to R uthven.’
f o i TrujI .Vole/iolderj' Committees.—Joseph Ham sey J r.. C hairm an.
12.45 m .: total, 156.14 m . Ini 1904 M inneap. A S t. Louis acquired $2,530,­
? l t e r L- W orral, Secretary; New York T rust Co., depositary. In Nov!
000 of the outstanding $4,283,100 com . stock, and guarantees the $3,072,000 ^1910
about $5,300,000 of the $5,500,000 outstanding notes were, It was
1st m tge. 4% gold bonds Issued to retire all the outstanding bonds, which
m atured Ja n . 1 1905; the M inn. A S t. Louis leases the road for 30 years from nndN n ^ % S <?o,n,?d1 SF “ “ p-olled b>’
com m ittee, whloh a t publlo sale
Jan . 1 1905: all income over charges. Im provem ents, Ac., to be paid to 52,190,000
x S io n rln n 5com
191°,
bbl of Ann
.th e Acollateral,
viz.: 55,000.000
53,001,000D et.
pref.
and
. stook
rbor R R . and
T ol.stook
& Iront
lessor. V. 79, p. 268. 1704, 2085. G uaranty, V. 79, p. 2696. P ref. stock
These consols were held valid by tho lower C ourt In S ept. 1911)'.
(non-cum .) shares equally w ith com mon after 7% on each.
Y...91.1). 870. See circular in V. 87, p. 1300. V. 86. n. 337 420 480
SecondfM . bonds. $1,000,000 auth .: see V. 82, p. 1322.
602. 1589: v . 87, p. 166, 285, 544. 1300: V. 90. p. 447, 626, 1446. ’
D IV ID E N D S.— \ *93. '94. '95. ’96 to ’98. '99 t o ’03. ’04 t o ’09. ’10 346,
of
si'iv?n p ' ? 80, tb,e
^(‘p°s 11 1 ^ notes on paym ent
On preferred..........% [ 2 4 4 6 yearly 7 yearly 5 yearly 0
R eport for year ondln? Dec. 31 1909 in V. 91, p. 34, showed gross earn­ b " *-4', 4.2.I.1 per 51,000 note received 5802.1 Ann A rbor pref. and 5585.4
ings, $572,499; net. $162,457: taxes A Int., $175,580: deficit, $13,123. Year TfntCTKit
44iCC^f
ss*ARn°o^}iCpi?slV.rcprc?entl“
lt tbe viz..
Proportionate
ln m mi J >*4 1“5,441 of $5,000,000 D. T . A I. consols,
$919 89.
ending Juno 30 1910, gross. $602,003: net, $180,931: taxes and in t., $177.­ tohh ^nn??hT
^as
given
an
optlIon
to
H
.
11.
Hollins
&
Co.
until
Deo. 22In1912
180: bal.. sur.. $3,751. Pres., Edw in Hawley; VIcc-Prcs., L. F . Day; T reas. to purchaseiit ihn
the D. T , A I. consols or equivalent securities Issued
reF . H . Davis; Seo.. W. S. C randell.— (V. 91, p. 34, 38.)
245. w ith Interest^at 5% from Nov. 25 1910.
i
**— J T. H *em phill,
* “ • Chairman-*Edgar
rm a n ;
Committee.—Aalexander
" D ES M OIN ES UNION R Y . —Term inal road in Des Moines: owns 5 miles rC ™[eb.b?rd ’
(G uaranty T r. Co.. N. Y ., depos.). V. 86 d .1409,1529.
1409 1 5 * 0
inalnTtrack and branches. 14 miles 2d and side tracks, bridge across Des
51'6r>6*°J0 4
u lp.tru st notes of 1907
In default.'
Moines River and 25 acres of land In Des M oines. See statem en t to N. Y.
Stock Exchange in V. 65. p. 1173. Leased to W abash R R ., Chicago G reat the equipm ent was surrendered; but the obligation rem ains. V. §9, p. 1410.
W estern, Chic. Milw. A S t. P . R y., Chic. B url. A Q uincy R R ., S t. Paul A
EA
R
N
IN
G
S.—8
mos.,
.................£ ross- *1.200.084:
DesfMoInes R R . and M inneapolis A S t. Louis R R . V. 75. p. 342. R ental
Ju ly 1 to Feb. 28. 11909-10.................Gross,
1.003,988: nnot,
et, $78,090
74,076
equal to expenses and fixed charges paid m onthly by lessees on whcelage
basis. Stock a u th ., $2,000,000: o ut., $400,000: par. $100. Y ear 1908-09.
R E P O R T .— F or year ending Ju ne 30 1910 In V. 91. p. 1383.
gross. $268,408: net Inc.. $106,344: bond In t., $35,550.— (V. 86. p. 337.)
Entire System <including A nn Arbor).
Year—
(.°/.‘ •T a z-) 5113,281
Oth.Inc. Deductions.
Balance.
DETRO IT G RA N D H A V E N & M IL W A U K E E R Y . — [See M ap Grand 1909-10... «oaJ22?i ™ 5441.094
$1,384 380 def.$8.30,004
Trunk R y .)—Owns from D etroit to G rand H aven, M ich., 189 miles. A re­ 1908-09... -53,463.192
- 3.233.607 557.406 139,964 1,354,536 def.i657.166
organization of Sopt. 1878. The principal and Interest on the bonds arc
..
Toledo A Ironton Proper.
guaranteed by the G rand T runk of C anada. Stock. $1,500,000: par, $50. lono in
Real estate bonds or m ortgages. $226,000. On Ju ne 30 1910 sundry o ut­
def .$014,298
*g§g-gg def.
standing aocts.. $2,964,062. G rand T runk of C anada owns entire stock.
685,257
E A R N IN G S.—8 m os.,(1910-11........... Gross. $1,375,035: n et, $219,625 Issuetffor*
on
™
i,atcrai
trU5“
ilPffJuly 1 to Feb. 28. 11909-10............Gross. 1,369,326; n et, 340,713
Pres., Eugene Zim m erman: Sec. and T re a s..' G. Caspar Niles- Office
f 'Y ear ending Ju n e 30 1910, gross, $2,041,402; net, $449,319; charges, D etroit. (V. O l.Ip. 1383.11446.11511:1V. 92, p. 260. 5 ^ , 794. 1TO2 ) , '
$558,726; bal.. def.. $109.407.— (V. 91, p. 870.)
" D E T R O I T & » T O U :p O SH O R E * U N E H R R — E xten ds'fro m Toledo to
" D ET RO IT H IL L S D A L E & SO U TH W E STE R N R R .— Owns Y psllantl. Tnie'IJAn0’ ,J !rtr0 It. 47.6 m .; 2d track, 20 m .: sidings, 3 m .: track ag eov er
M ich., to Bankers, M ich., 65 m . Leased in perpetuity Ju ly 1 1881 to the Toledo R y. A Term . Co., Ac.. .31 m .; total track. 1 0 1 . 6 m . V 78. p 2 5 9 8
The G rand T runk W estern Ry. and the Toledo S t. Louis A W estern R R
Lake Shore A Mich. Southern Ry.; rental, $54,000 per year—4% on stock.
nnV:\n ! e cn,tlr,c *1.428,000 stock and Jointly guarantee the bonds, principal
D ETRO IT M ACKINAC & M A R Q U E TT E R Y .— S E E MISC. COS.
' -■ CHt.hy endorsem ent. See form of guaranty. V. 76, p. CM. Fl?st
D ETRO IT & M ACKINAC R Y .— Owns from Bay C ity. M ich., to Cheboy­
gan. 196 m .; Rose City B ranch, 31 m .; Prescott B ranch, 12 m .; Lincoln foO^OO^fl?; aiidP|n d19f09™0e8% .ngV.P87°r p*012371.° J0 ^
,D flSCal ycar
Branch. 14 m .: Au Gres B ranch. 8 m .; H illm an division. A lpena to H illm an,
M ich., 22 m . (opened Deo. 1909); logging branches (largely tem porary),
E A R N IN G S.— 8 m os..(1910-11.............. Gross, 5625,940; net, 5313.453
81 m .: to tal. 364 m . In 1909-10 forest products furnished 55.72% of traffic.
Ju ly 1 to I eh. 28. 11909-10-----------Gross, 597,484; n et, 294,308
In 1902 H enry K . M cIIarg and associates acquired control.
Vear ending Ju ne 30 1910, gross. 5913,024; net Income, 5407.347: Int
BONDS.— "M ortgage bonds" for $500,000 were reserved for betterm ents, rentals, Ac. 5222.710: dlvs. (6% ). 585,780: bal., sur., 598,857. In 1908-09
Ac., a t not over $50,000 per year. V. 74, d . 629. In addition to the gross, 5/69,181; net, 5282.081. P res., T . P . S honts.— (V. 87. p. 12371)
am ounts shown above as outstanding, $450,000 "first lien" and $400,000
DOMINION ATLANTIC RY.— See C anadian Puclflc R y. V. 91, p. 716,
’’m ortgage" bonds were on June 30 1910 held In the treasury.
STO CK.—The oapltal stock is $3,000,000, of which $2,000,000 common
D U B U Q U E & SIOU X CITY R R . — (See M ap o f Illinois Central.)— Owns
and $1,000,000 5% non-cum . preferred. See V. 74, p. 629. Dlv. on pref., D ubuque,
a, to Iowa Falls, 143 miles; Iow a Falls to Sioux City, 184 m .:
2M % July l 1903; since to Ja n . 1911, 5% yearly. On com mon, 1st dlv., M anchesterIow
to Cedar R apids, 42 m .: Onawa, Iow a, to Sioux Falls. D ak o ta’
2 H % . paid Ja n . 1911. V. 91. p. 1511.
155 m .; Cedar Falls to M innesota S tate Line, 76 m .: T ara S tation, near F t.
LATEST EARNINGS.— f 1910-11............Gross, $777,356; net. $191,567 Dodge, la ., to Council Btulls, 130 m .: total owned, 730 miles
8 nios., July l to Feb. 28.11909-10............Gross, 784,884; n et. 160,873 n X*HGANIZATION.—Controlled since April 1887 by tho Illinois Central
E A R N IN G S.—R eport for year ending Ju ne 30 1910 was In V. 91, p. 1247, H R .. which owns nearly all the 515.000.000 stook and has Issued Its own
showing gross, $1,231,244; net income, after taxes, $296,586; Int. on bonds, bonds on the road; the o n ly !). A S. C. bonds held by the public arc the Iow a
Ac.. $94,148; pref. dlv. (5% ). $47,500; bal., sur.. $154,938. In 1908-09, I1alls A Sioux City 7s, $8,200,000. Lease, V. 79, p. 1274.
gross. $1,149,974; net. $283,459.— (V. 91. p. 1160, 1247,1511.)
D IV ID E N D S.—
11900. 1901. 1902. 1906. 1907. 1908. 1000.
D ETRO IT TOLED O & IRONTON R Y .— O perates road from D etroit, Since 1899________ W 3
1
1M
4
1H
114 Aug.,3 >4
M ich., to Ironton, via Lim a, 389 m ., Including 45 m . of trackage; branches — IV. 89. p. 470.)
K ingm an to Sedalia, O ., 31 in.; Jackson to Cornelia, 19 m ., and LIsm an
J e t. to D ean, O .. 3 m .; total, 441 m .; coal m ine tracks, sidings, Ac., 141 m . TnmHALT’!
RANGE R R .—Owns D uluth to Ely, M inn., 117.22 m.Also owns control of Ann A rbor R R .. which sec. V. 81, p. 264; V. 82, p. 509. tn0 w<^cw.</h u m mCr.' w 4Sim V Allen Je t. to Virginia, 25.31 m .; MoKInlcy
O R G A N IZA TIO N .—Successor, per plan V. 80, p. 650, of D et. S outh. River ’ 18h29Jm
^ NNnVthVnr1,neA0
fDrun\?!on<1,
Mcsaba nnii
to Dim
IB.siJ
m
..
orth
Branch from
Ridge. 4151402m m• "brannhpq
«nnrgka
R R . foreclosed, subject to Ohio S outh, m tge. V. 80, p. 2344, 1856. .
m .: trackage to Union D epot, D uluth, 0.80 m .; to tal, 263.42 miles'.
Receivership.— In Feb. 1908 Geo. K . Lowell, BenJ. S. W arren and Thom as 72.22
Owns
ore
docks
and
yards
on
Lake
Superior
costing
over
$1,500,000.
D. R hodes were appointed receivers, the Interest on the consol. 4 Ms due
Feb. 1 1908 being In default. The Interest on the divisional and gen. lien
$10*°°0'000: o ut.. $3,000,000. Federal
4s was first defaulted Deo. I 1909 and In April 1911 foreclosure under the SteeT C o ^ se e U ~S lStpel
general lien and divisional m tge. was pending. V. 91, p. 1511. The
S ep t. 1909 and March 1910 coupons on Ohio Southern division bonds were
paid M arch 1 1910. The S ept. 1910 coupons were also paid, the March
1911 coupons being purchased by the consolidated m ortgage bondholders’
com m ittee. V. 89. p. 593; V. 90. p. 559. On Feb. 25 1908 $300,000
•( IRAILIJk----- Gross ■ *5.365,800; n et, 53,095,013
receiver’s certificates were authorized, having a lien Junior to the Ohio
Southern division and general lien^and divisional 4s. V. 86, p. 546. 602.
Y ear endAnv Tnn284o iJ .e 900' 10------Gross. 9.883,962: net, 4,327,561
In Jan . and Feb. 1910 $800,000 1st lien receivers’ ctfs. were a u th ., of oome S92 774 Je h .re ° ?, 0, ^ros3. *9.530,101; net, $6,046,648; other Inwhich $400,000 rank ahead of all m tges. and $300,000 ahead of the general 54™3S.65i'.—^(V 79
. ! } ^ cleitlon- &0- *1.700.771; balance, surplus,
lien b u t after the Ohio So. D lv. m tge. V. 90. p. 167.
On March 20 $150,000 additional receiver’s certificates were Issued.
SW o « & NP RTH,EF N RY.— Owns from D uluth to MounCommittee for Ohio So. Dlv. 4s.—Jam es N. W allace. Chairm an; F. E . tain Vron ' Mln'ne.'h„7,7
i9b '" c brancl* from Alborn northw esterly to Iluokcye
Mowle. Sec.. 25 Nassau S t.. N. Y.; Central T rust Co., N. Y ., depositary. Mine1
n in n i n.ffi.'ii. i n branches and spurs, 185.59 miles; trackage to Union
V. 89, p. 1279. 1541; V. 90, p. 559.
w
fpp6,
'
m . Also branch, M csaba to Boulder
Committee for Gen. Lien A Div. 4s.—O tto T . B annard. Chairm an; W in, R. i 1™ ;’ 'Jp«=ned Feb In,j g n .' E318.45
54,112,500 stook owned by Lako Su­
B ritton. Sec.. 30 Broad S t., N. Y.; N. Y. T rust Co., depositary. In Jan . perior Consol. Iron Mines and ntire
so by U. S. Steel Corp. V. 72, p . 1038.



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52

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
D urha m & Southern — 1st M $1,000,000 auth g o ld ..F
D urham Union Station — F irst M $75,000 g — S.c*Ar
D utchess C ounty R R —See C entral New E ngland Ry
E ast M ah anoy R R —S to c k -- ........................... ...... .............
E as t P e nn sylv an ia — Stock 6% guar 999 yrs Phila A R
► *F irst m tgc gold guar p A 1 by P A R R R (end). ,c*
E as t T ennessee Virginia & Georgia —Sec Southern Ry
E a s t T e n n & VV No Car— 1st M g (V 81 p 17 23).G uP.c
E astern Ry of /Minnesota —See G reat N orthern
El Paso N orthe a st — N M R y A C col tr g red 105 N

N M R y A Coal M gold__________________ . Ta
A lam A Sac M t first m tgc $900,000 gold guar
N
El Paso & Rock Isl llrst M $2,500,000 gold Ta c
Dawson R y A Coal coll tru st gold guar p A 1. _Ta.’c
El Paso Union P a ss D epot — 1st M g $240,000 s f Ta
Elgin Joliet & E astern — 1st M ($10,000,000) g.Cex.c*
E liz a b 'th t n Ter Co— 1st M $150,000 rcdl05 begA pr’15
Elm ira & Lake O nt —Sodus Bay & So— 1st M g Un c
Elm ira & W illiam sport —Stock com 5% rental
Nc
Preferred stock 7% rental 999 years N orthern Cent
F irst m ortgage extended 1910..
Incom e bonds 999 years to r u n ,.
" "c;
Erie & P itts b u r g h — Stock 7% rental 999 yrs Penn Co.
Special guaranteed betterm ent stock $2,500,000
General m tge (now 1st) $4,500,000 gold g u a r._ .U n
Erie Railroad— Common stock $153,000,000 a u th ____
i— Second pref stock 4% non-cum redeem able a t p a r ..
L lrst pref stock 4% non-cum redeem able a t p a r__
r A—Old Bonds Assumed— Roads Consolidated
N Y & Erie 1st M Plerm to Dun ext 1897 gold..c*
Second m ortgage (extended In 1879) gold_____c*
L ■ T hird m ortgage (extended In 1883) gold______ c*
F ourth m ortgage (extended In 1880) gold_____c*
V Fifth m ortgage (extended In 1888) gold______c*
: Erie R y 1st M Bull Br Horncllsv to A ttica gold- _c*
; First consol m tge $30,000,000 gold $ or £__F.c*
L5 N Y L E & W est llrst consol m ortgage gold______ c*

M iles Date
Bonds Road
61
--___
36
36
34
165
___
31
128
133
___
181
8
34
73 M
73 Yi
7314
83
83
83
___
—

447
447
447
475
475
60
526
526

Par
A m ount
Value Outstanding

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

1906
$1,000 $750,000
4 g J A J Jan 1 1946
1905 1,000 Ac
54,000
5 g M A N M ay 1 1955
S tandard T ru st Co, N Y
_____
50
497,750
5
J A D 15 Dec 15 1910 2 Y
_____
6
50 1,948,300
j
& j
17 1911 3%
495,000
1,000
1888
4 g M A S Jan
Mch 1 1958
do
do
1905
500,000
1,000
5g M A N Nov 1 1935
Guar T r A S D Co, P hila
1897
1,000 3.000,000
5 g A A O Oct 1 1947
1,000 2,000,000
1901
5 g A A O Oct
1 1951
1,000
372,000
1898
5 g A & o Apr
do
1901
1,000 2,500,000
5 g J & J Jan 11 1928
1951
1.000 3,000,000
1901
5 g J A J Ju ly 1 1951
1,000
240,000
1905
5 g j * j Jan 1 1916-1935
do
1,000 10,000,000
1891
5 g M A N M ay 1 1941
71 Broadw ay, New York
See text
1910
6 g A A O Apr l 1940
1,000
500,000
1884
j
& j
1 1924
500,000
_____
50
5g S M A N July
M ay 1911
50
500,000
7
J
A
J
1,000
963,000
1860
4
J A J Jan 1 1950
500
570,000
1863
5
A A O O ct 1 2862
do
50 2,000,000
_____
7
Q—M Mch 10 ’l l 1 H
50 1,469,450
7
Q—M Mch 10 ’l l IH
1,000 4,213.000
1890
314 g J A J Ju ly 1 1940
do
do
100 112,378.900
100 16,000,000 See text Semi ann April 1907 2% J P Monran A Co. N Y
_____
100
47,892,400
—
See text Serai ann April 1907 2%
do
do
1,000 2,482,000
1847
4 g M A N M ay 1 1947
do
1,000
1849
2,149,000
5 g M A S Sept l 1919
1,000 4,617,000
1853
414 g M A S Mch 1 1923
do
1,000 2,926.000
1857
5 g A A O Oct 1 1920
1858 500 Ac
709.500
4 g J A I)
ISO l 200 Ac
182,400
4 g J A J Julv 1 1931
1870
1,000 16,891,000
7 g M A S Sept 1 1920
1878 500 Ac 3,699,500
7 g M A S Sept 1 1920
do
do

BONDS.— Of the gen. 5s of 1906, bonds are reserved to retire the undcrylng bonds: additional bonds m ay be Issued a t not over $30,000 per m ile for
additional single m ain track and $20,000 for second, third and fourth m ain
tracks and for not over 75% of the cost of equipm ent and Im provem ents.
Sinking fund of 2% yearly of outstanding bonds (Incl. bonds in s. f.) retires
bonds by lot a t 105. V. 88, p. 822.
D IV ID E N D S paid fiscal years ending Ju n e 30: 1904, 150%; 1906, 110%;
1908, 110% ; 1909, 145%; 1910. 240% .
E A R N IN G S.—8 m o s.,11910-11----- Gross, $7,735,867; n et, $4,839,025
Ju ly 1 to F eb. 28. 11909-10___ Gross. 9,192,120; n et, 6.435,138
For year ending Ju ne 30 1910, gross, $13,966,426; net, $9,781,615* other
Income, $386,410: in t., taxes, Ac., $1,672,601; bal.. sur., $8,495,424. In
1908- 09, gross, $10,022,565; n et, $6,279,906.— (V. 92, p. 261.)
D U L . R A IN Y L A K E & W IN N IP E G R Y .— See D ul.W Innlpeg A Pac. R y.
D U L U T H SOUTH SHORE & ATLAN TIC R Y — O perates D uluth to
S ault S te. M arie, 415 miles; “Soo” Junction to S t. Ignace, 43 miles; other,
133 miles; to tal, 606 miles. Including 21 miles of trackage.
C A PITA L STO CK.— Common stock Is $12,000,000; pref., $10,000,000:
par, both $100. Pref. stock Is 6% non-cum . Can. P ac. July 1 1910
owned $6,100,000 com . and $5,100,000 pref. stock, $3,000,000 Incomes and
$15,107,000 consols.
BONDS, Ac.— A bstract first mortgage, V. 45, p. 274.
T he llrst consolidated m ortgage of 1890 has Interest a t 4 % , guaranteed
bv Can. P ac., which July 1 1910 held the entire outstanding Issue ($15,107,­
000) In Its treasury as security for Its 4% debenture stock; consols for $4,­
893,000 are reserved for prior bonds, and additional am ounts m ay be Issued
a t $20,000 per mile of new lines. Car trust 4 H s of 1906, V. 82, p. 452. Due
Canadian Pacific R y. June 30 1910 for guaranteed Interest advances,
$5,866,515; unguaranteed |car trusts were $236,213.
LA TEST EA R N IN G S.— /1910-11___ Gross. $2,126,262; n et, $641,850
8 m os., Ju ly 1 to Feb. 28.11909-10____Gross. 2,144,772; n et. 670,890
Deficit after charges, $80,285, against $60,887 In 1909-10.
R E P O R T .— R eport for year ending Ju ne 30 1910 In V. 91, p. 788.
Of the tonnage In 1909-10, ores furnished 49% , lum ber, Ac., 19% .
Year—
Gross. O per.Inc. Other Inc. Charges. B al.,D ef.
1909- 10 ................$3,372,090 $815,572 $61,322 $1,228,610 $351,715
1908-09 __________ 2,785,587 544,086 146,209
891,742 201,447
P res., W . F . F itch , M arquette, M ich.— (V. 91. p. 397, 788.)
D U L U T H W IN N IP E G & PA C IFIC R Y — Owns entire $2,000,000 stock
of D uluth R ainy Lake A W innipeg R y., V irginia, M inn., north to the Cana­
dian N orthern a t International Falls, 98 miles, giving th a t road access to
D uluth and Two H arbors a t the head of the G reat Lakes, and will build from
V irginia to D uluth, 78 miles (contract being let Ju ly 1910); also branches
and spurs for Industrial and m ining purposes and docks a t D uluth, where
valuable sites for term inals have already been secured. V. 87, p. 1605,
1664; V. 88. p. 563, 623, 882, 1252; V. 91. p. 1322. Capital stock au th .,
$6,000,000: par, $100.
S E C U R IT IE S .—The first m tge. 4% deb. stock of 1910 Is guar., p. A L. by
the C anadian N orthern R y. Of the $10,500,000 a u th . Issue, $4,623,333
(£950,000) has been sold, $1,525,000 was Issued to retire existing securities,
$2,000,000 Is reserved to retire the D uluth R ainy Lake A W innipeg bonds
a t m atu rity , Jan . 1 1916, and the rem aining $2,351,667 to be available for
further extensions, Ac. On paym ent of the D. R . L. A W. bonds In 1916
Its property will be transferred to the com pany, so th a t the deb. stock will
become a first charge on 173 miles, the D. R . L. A W . stock In the m ean­
tim e being vested w ith the trustees, the N ational T rust Co. of T oronto and
th e British Em pire T rust Co. V. 90, p. 1490; V. 91, p. 154, 1322.
The Virginia A R ainy Lake Co., which form erly owned the I). R. L. A
W ., guarantees the Interest on the latter's bonds. V. 81, p. 558, 613, 1848;
V. 82, p. 751; V. 84, p. 158; V. 85, p. 1518; V. 89, p. 1279.
EA R N IN G S.— Of Dul. R ainy Lake A W in. for year ending Dec. 31 1910,
gross, $486,561: net over taxes. $152,424.— (V. 90 p 1490; V. 91, p. 1574.)
D U N K IR K A LL E G H E N Y V ALLEY & PIT T SB U R G H R R — D unkirk,
N. Y., to Titusville, P a ., 90.51 miles. Leased to New York C entral A
H udson R iver R R . for 501 years from Jan . 3 1873, rental providing Interest
on bonds and 1 H % yearly dividend on $1,300,000 stock, of which $1,179,­
275 owned by lessee Dec. 31 1909. O perated by the Lake Shore A Mich.
Southern as agent for the lessee since O ct. 1 1901. Bonds, $5,000,000
50-year 4 Ms a u th . Ju ly 1 and Aug. 1 1910 (present Issue, $2,900,000), are
to be guaranteed prln. and Int. by N. Y. C. A II. R R . V. 90, p. 1490,
8-18; V. 91. p. 336, 1327.— (V. 90, p. 1490; V. 91, p. 336, 1327.)
D U RHA M & SOUTH CAROLINA R R — D urham , N. C., south 30 miles
to Bonsai on the Seaboard Air Line. Stock, $300,000; par, $100. Bonds,
s^ ^ lc , Year ending June 30 1910, gross, $62,372: n et. after taxes,
$32,275; interest on bonds, $15,000; bal., sur., $17,275. Pres.. E rnest
W illiams, Lynchburg, Va.— (V. 90, p. 1424.)
D U R H A M & SOU TH ERN R R . — E ast D urham to D unn, N . C., 59 miles;
D urham to E ast D urham , 2 miles; total, 61 miles. Stock authorized!
$1,000,000; outstanding, $600,000; par, $100. Bonds, see table above.
F or year ending Ju ne 30 1909, gross, $291,673; net, $163,125; other Income,
$1,570; Int., taxes. Ac , $38,400; dlvs. (18% ), $108,000; b al., su r.. $18,295.
For year ending June 30 1908, gross, $251,698; n et, $127,859; other re­
ceipts, $4,876; charges, Incl. taxes, $38,255; dlvs. (6% ), $36,000; bal.,
surp. $58,481. Pres., B. N. Duke, N. Y.; Sec., F. L. Fuller. Office,
D urham , N. C.
D URHA M UNION STATION CO.— Owns passenger statio n a t D urham ,
N. C., opened May 1 1905 and used by the Southern R y., Seaboard A ir Line
R y., Norfolk A W estern Ry. and Durham A Southern, which each own onefourth of $33,300 stock. Lease provides for rental by several lines sufficient
to pay Int. and other charges Pres., II W . Miller; Sec., C. N . Freem an.
EAST BROAD T O P R R . & COAL CO. (Pa.) — Owns from M ount U nion,
P a., to W oodvalc, P a., 31.13 miles; Booker J e t. to Booker, 2.36 m .; oper­
ates Shade Gap R R ., 10 m ., and R ocky R R ., 4.93 m .; total, 46.06 miles.
See V. 75, p. 77. A coal road opened In 1874. Stock, $815,589 (par $50),
of which $247,189 Is 6% non-cum . pref. F irst m tgc. 4s ($500,000) extended



Rate
%

[VOL. LXXXXII.

In 1908 to Ja n . 1 1958. Second m tgc. 4% income bonds, $466,705, duo
Jan . 1958, given In 1908 for back Interest from 1885. Car trusts. $42,000*
Interest, 6% , payable J.-D . Y ear 1909-10, gross, $237,621; net, $119 331*
$4>91d:
on bonds*
&c -. Pa.
$22,520;
balance,
surplus.
M O l.m . Pres-.
R . S. bicbert,
Orblsonla,
Office,
406 L afayette
Building, Philadelphia.— (V. 77, p. 145.)
.
EAST MAHANOY R R . — Owns from E ast M ahanoy Junction to S t.
Nicholas and branches, 11 miles; 2d track, 2.10 m .; total track, 19.70 m.
Re-leased Deo. 1 1896 for 999 years to L ittle Schuylkill N av. R R . A Coal Co.
a t 5% on stock ,and lease assigned to Phila. A Reading R y. Of the stock,
$280,000 was deposited by R eading Co. under Its general m ortgage.
‘^ E A S T PENN SY L V A N IA R R . — Owns Reading, P a., to A llentow n, P a.,
35.38 miles; 2d track, 27.17 m .; all track, 87.50 m . Leased for 999 years
from May 1 1869 to the Phila. A R eading R R . a t a rental of 6% per annum
on the stock and Interest on the bonds. Lease assum ed In 1896 by the
P hila. A R ead. Railway Co. Of the stock, $1,096,700 was owned by R ead­
ing Co. June 30 1909, $1,092,850 being deposited under gen. m tgc. of 1897.
WiEAST T E N N ESSE E & W E STE RN NORTH CARO LIN A R R .— A narrowgauge road from Johnson City, T enn., to C ranberry, N. C., 34 m .; also Jo h n ­
son City to H am pton, T enn., 15 m ., third rail. Controlled by C ranberry
iro n & Coal Co. Stock, $501,900. Dividends, 4% paid In 1908-09; in
1909-10, 8 % . For year ending June 30 1910, gross, $222,787; net, $106,379;
other Income, $5,893; Int., taxes. Ac., $34,194; dlvs. (8% ), $39,396; bal.,
sur., $38,683. Pres., F . P . Howe, Phila., P a.— (V. 82, p. 333. 1379.)
EASTERN K EN T U C K Y RY.— R iverton to W cbbvllle, K y., 36 miles.
Stock, com mon, $1,697,800; pref., $1,779,500; par, $100. No bonds.
Bills payable, $34,456; car trusts, $1,569. Year 1909-10, gross, $49,222;
net, $1,128; other Income, $2,736; deductions, $5,061; bal., d el., $1,197.
Y ear 1908-09, gross, $48,859; operating deficit, $ 2,3 87 — (V. 90, p. 1362.)
E L PASO & N O RTHEASTERN CO. — Owns the El Paso A N ortheastern
R y. from El Paso, Texas, northeast 165 miles, to the Salado coal Helds;
controls and operates El Paso A Rock Island R y., Carrlzosa to S anta Rosa,
128 m .; Alam agordo A Sacram ento M tn. R y., A lam agordo, N. M., to
Russia. 31 m .; Dawson R y., Liberty, N. M., to Dawson, 133 m .; to tal, 457
miles. Name changed from New Mexico R y. A Coal Co. In 1905. O perated
as eastern division of El Paso A Southw estern Co., lessee, the w estern divi­
sion
the El Paso A Southw estern R R ., El Paso, T ex., to Benson, A rlz.,
w ith being
branches.
The El Paso & Rock Island R y. was Incorporated In 1902 w ith *2.500,000
stock (of which 6% owned by the El Paso & N ortheastern Co.) and 52,500,­
000 5% guaranteed 50-year bonds. It has close traffic agreem ent with
Chicago Rock Island tc Pacific for 990 years. V. 71. p. 1219.
The Dawson R y. & Coal Co., stock 53,000,000, has Issued 53,000,000
collateral tru st bonds, which are guaranteed, principal and Interest, and arc
secured by the stock and bonds (53,000,000 each) of the Dawson R y., and
those of the Dawson Fuel Co. (51,000,000 each), the latter owning about
25,000 acres of coal, m ineral anti tim ber lands, being sold In 1905 to the
S tag Canon Fuel Co. V. 73, p. 900: V. 74, p. 776; V. 87, p. 1604, 1536.
STOCK.—Stock, 512,000,000, all of one class. In May 1905 Phelps,
Dodge & Co. Interests, It Is understood, acquired entire stock of system .
BONDS.— The New Mexico R y. & Coal Co. coll, tru st 5s of 1897 arc
secured by the stock and bonds of El Paso & N. E . Ry. of New Mex. (52,­
700,000 of each), the stock of the El Paso & N. E . R R . of 3’exas, 5300,000
(no bonds issued), and all the stock (52.500,000) and all the bonds (51,500,­
000) of the New Mexico Fuel Co., the latter covering 3,500 acres of coal
lands. Of the llrst and consolidated and coll, tru st 5s of 1901, 53,000,000
are reserved to retire the coll, tru st 5s of 1897 and 52,000,000 are applicable
for im provem ents and new equipm ent. V. 74, p. 776.
The bonds of the Alam agordo & Sacram ento M tn. R y., of the El Paso &
Rock Island and those of the Dawson R y. & Coal Co. arc guaranteed.
E A R N IN G S.—8 m os.,/1910-11___ Gross, 54,858,447; n et, 51,945,201
573 July 1 to Feb. 28. 11909-10____Gross, 4,730,992; net, 1,873.895
70 R E P O R T .— For year ending Ju n e 30 1910 of entire El Paso & South­
w estern system (901 miles), gross, 57,437,660; net after taxes (5255,600),
52,769,943. N. Y . office, 99 Jo hn S t.— (V. 81, p. 508; V. 87, p. 1605.)
E L PASO UNION PA SSE N G E R DEPOT. — Owns depot a t El Paso, T e x .,
which was com pleted about N ov. 1 1905. Leased by El Paso N ortheastern,
El Paso Southw estern, Galveston H arrisburg & San A ntonio (So. Pao. S ys.).
A tch. T op. & S anta Fc, Texas & Pac. and Mex. Cent, railroads on a wheelage basis providing for m aintenance and all charges. Stock, 5240.000,
owned equally by six roads nam ed. Of bonds (see table above), 512,000
m ature Ja n . 1 yearly beginning 1916. V. 78. n. 104; V. 81, p. 1043. Pres.,
C. VV. Kouns; Sec., VV. It. M artin; T reas., U. S. S tew art.— (V. 82, p. 1496.)
E LG IN JO L IE T & EASTERN RY . — Owns from W aukegan, III., on Lake
Michigan, via Spaulding and Joliet, to P orter, In d ., 129.94 miles, and
branches N orrnantown to A urora, 9.65 m .— W alker to South W ilm ington,
III.—33.30 miles; H am m ond to W hiting, Ind., &c., 16.39 miles; Rockdale
J e t. to Rockdale, 6.57 miles; Cavanaugh to Shcarsou, Ind., 2.64 m .; total
main line owned, 198.49 miles: spurs to coal mines, Ac., 29.50 miles; track­
age, 268.29 miles; 2d track, 42.52 m.: side and yard tracks owned, 141.21
miles: total track operated, 660.01 miles. Also leases Chic. L. S. & E ast.
(9,r H , y^ 3.from Junc 1 1909. and, w ith the U .S .S teel Corp., guarantees Its
59,000,000 4 H % bonds, p. & 1. V. 89. p. 1410. Owned by Federal Steel
Co. and so by U .S . Steel Corporation.
STO CK.— 510,000,000, as Increased from 56,000,000 In Junc 1909; par,
5100. Dividend, 4% yearly (In Deo.) In 1899 to 1910.
EA R N IN G S.—8 m os.,11910-11 . Gross, 55.341.197; n et. 51,627,383
Ju ly 1 to Feb. 28. \1909-lO
Gross, 6.110,345; net, 2,328,071
Y r. end. June 30. Gross.
Net.
Other Inc. Charaes. Surplus,
1909-10 -------------59,352,325 53,413,731 574.450 53,065.531 5422,856
Pres., A. F. B anks.— V. 89, p. 1410.
, E LIZA BETH TO W N T E R M IN A L R R .— Under construction M ay 1910
from W estport. N. Y., on the Delaware & H udson, to E lizabethtow n, 8 m .
Stock, 580,000: par 5100. Bonds (S150.000 auth.) are subject to call at
105 on and after April 1915. V. 90. p. 1302. P res., O. W . Jenkins.
E lizabethtow n, N. Y.— (V. 90, p. 1362.)

RAILWAY STOCKS AND BONDS
ion.)
A p r .,



54

RAILW AY STOCKS A N D BONDS.

R A IL R O A D COM P A N IE S
[For abbreviations, &c., see notes on first page. J

Miles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate

When
Dividend
Where Interest and
Payable Last
and M aturity Places
Dividends are Payable

Erie R ailroad (Concluded)—
Buffalo N Y A E rie 1st M (Buffalo to Corning)
1876
51.000 52,380.000
7
J A D
1 1916
Buff do S W 1st M gold ext 1908 red 105 gold xc* 140
67 1877
50 Ac 1.500.000
5 g J A J June
Ju ly 1 1918
N ew burg do N Y 1st M gold extended In 1889
c*
12 1868
1,000
250.000
5
g
J
A
J
Jan
1
1929
B— B onds on Properties Controlled by Ownership of En tire (•) or a MaJ orlty (b) of C apital S tock, or by (c) Lease
Bergen Co 1st M R uth J e t to Ridgcw ext 1911
10 1881
2 0 0 .0 0 0
5
1,000
A
A
O
Apr
1
1921
Ch A E rie 1st M g (Marlon O to H am ’d Ind) Ce c* 250
1890
1,000 1 2 , 0 0 0 ,0 0 0
M A N May 1 1982
Chicago A A tlantic Term inal flrst m tge gold Cc
1888
1,000
300.000
5§ eg J A J July
1 1918
cGoshen A D eck't’n 1st A 2d Ms (S60.000 are 2d)
68-’69
246.500
6
Various 1928-1929
cM ont do E rie 1st do 2d Ms (540,500 are 2d)
"'
'66-’67
170.500
5
Various 1926-1927
Jefferson 1st A 2d Ms ext In *87 & '89(H ’d alcB rj!!c
500
Ac
300.000
’67-’69
4
H
A
J
’ A J
1 1927-29
1st M Carbon to S depot g ext In *09 red 105.FP c*
1889
1,000 2.800.000
5 g A A O July
1 1919
L ong Dock Co cons M g (now 1st M) (sec text) *c*
1885
1,000 7.500.000
A A Apr
Oct
1 1935
cN Y A Greenw L prior lien M 51.500,000 gold V N
100
Ac
1,471,600
1896
M A May 1 1946
t>New Jersey A New York 1st M ext In 1910
c*
400.000
1880 500 Ac
I*
M A May
1 1940
General m tge
(red]105 after 5 yrs)"gold
1892 500 Ac
629.500
5
J A Jan
1 1933
mvt d
RR
M lawful m oney” . _Mo.c*
1,000
1882
1.100.000
6 cur M A
M
ay
1
1922
5N YX Pfea®AAOhio
f fi P prior
5 1 CO
1st
M
(V
56.
p
8
2
)..
.
P
c
1,000
3,396,000
1883
6
J
ly 1 1913
lien m tge gold $ or
pV
422 1880 ,500 Ac 8,000,000 ,4 H g M AA.. Ju
Mch
1
1935
ahonlng
Valley
R
R
evelan
d AM
iii^ S h ? n n iet"w
e ?eParate
statem ents
Cl
and Shar on Ry
NN Y\ %Susquehanna
& W? estern—
N orthern
NewforJers
ey— T loga R R —See e ach com pan y
L-—t n e R ailroad Com pany Bonds
Second m tee on DutT & S W gold ext 1908 Q xc
1,000 1,000,000
67 1895
July 1 1918
Prior lien "bo ds J35.000.00ff gold
F c* * r
1,000 35.000. 000 5 g
1895
Jan 1 1990
General Jlc n J140.000.000 gold .................
1,000 36.855.000
1895
4
g
Jan
1 1096
Penn coll trust M *36,000,Offo g V f "(teit)“ Me o * r
1901 1.000 Ac 34.000. 000 4 g
Feb 1 1051
F irst oonv m tge $50,000,000 gold Scries A S .c 'A r
1903 1.000 Ac 10.000 . 000 4 g
Apr 1 1053
„ „ do
do
do
Series B
1.000 Ac 11.015.000
1905
4g
Apr 1 1053
> ‘r f dotes J12.500.000 red p a r____B a.'xc'& r
1911 1.000 Ac 12.500.000
pr 8 1914
notes sec by E ft J bonds ext 1910.3,000,000
«6 ‘ A A O 8 ADec
1 1911
Avon Geneseo A M t Morris and R ochester & Genesee Valle y 1907
Stoc ks—See t hose
Com
pa
nles.
Ovansvjlle & Indianapolis— Sec Evansville & Terre 11 aute.
Lvansvtlle & Terre H a ute — Common s to c k ..
.
50
3,987.383
In 1910 Yearly Nov 1 1910 5 „
preferred stock non-cum ulative (sec te x t). .
Ta
50 1,283,333 55 In
1010 A & O A pr 15 1911 2M
r irst consolidated m ortgage gold
F c*
1881
1,000 3,000,000
6 g
A J, Ju ly 1 1921
M ount Vernon Branch m ortgage gold . . . ___ f !c * 144
25
1883
1,000
375.000
6 g
A () Apr 1 1923
oulllvan Co Coal Branch m ortgage g o ld ..
F.c*
1,000
1890
450.000
5g
A O Apr I 1930

ELMIRA & L A K E O N TA RIO R R . — Owns from Canandaigua, N. Y ., to
Chem ung J e t., 64 m .; Sodus Point to Stanley, 34 m .; other, 2—total. 100 m.
«ii« l a t ° o s t of operating to the N orthern C entral, which owns all the
S i,500,000 stock. Lease m ay be term inated on 30 days’ notice
Calendar Year—
Gross.
N et.
Int.,& c.
Balance.
d e f .J 1 5 3 .5 4 3
11909.
0 1 0 - - ..................................... * 1 6 9 .3 2 0
............. 1,128,053
34,712
185,158
dcf. 150,114
F ln d rafrom
l NA V ' r t 4MQ 'm
0? 1
?um S, ta>” TWIIlIamsport, P a., to
? lu-P
t V Leased to the N orthern C entral Ity . for 999
Xyears
2 !fV 5 >n! „M i v 1i t186.3.
The
dlvs. on the com . stock are 5% and on the
suin' n m ’i o ,f a x e s , m aking d lv . on com . 4.52% , and on pref. 6.34% The
J.)63,000
( I s d u c J ayear
n . 1 io
1910
p. 1667. ^ Calendar
io wereextended to J a n . 1 1 9 5 0 a t4 % . V 89°
J 1301020.— (V. 89. p 16670 , gross, J2.001.618; net. J490.188; rental!
toOehM
Pr oj ect 10
ed miles,
fronY onened
D alhart,Oct
T ex.,
o in itrre ’f 113 miles, of which D alhartRR-to —V ictory,
81
1010 and some additional grading done. On D ccL o 1910 II. G Hendricks
Ssnrwwif
°1
r
£
?(.
was
aPPciuted
receiver.
V.
9 1 , p. 1766. Stock auth
JoOO.OOO, of which greater part subscribed and large p art paid In Bonds
authorized, $15,000 per mile, b ut none apparently sold Pres Geo M
1 cary; T reas.,_W. U. S laughter,— (V. 00, p. 447; V. 91, p. 1700.) Oophlvi
rTL R IE & PITTSBU RG H R R .—Owns N ew ca stle. P a., to G irard, Pa.;
Anerit^H
Qb7 ? miles. Leased
r° docks,to 3.41
Erie, 16.74
“ P etated,eo,99.71
Penn.in.;Rtrackage
R . for 999to years
In 1870m .;a ttotal
7%
on stock and Interest on bonds and lease transferred to P enn. Co. Under
agreem ent of Nov. 1 1905 the P enn. R R . will provide sinking fund lnstallafCn nrrS UitPAhb
y ithe
mt,KC"
thcatuE rity
- * P-oftothedeliver
3 'A%bonds
debentures
JJ„na,r
a n cgecns th' and
at m
gen.1 its
m tge.
to ex­
change for
newsuc?
m tge.c h bonds
erefor.©
D ebentures;jan.
1 9 1 1 , $277,015. w |
,„
h c s pec Ia 1 betterm ent stock (J2.500,000 auth.) Is subordinate
inhb.ee « k 'tf,u.‘ guaranteed 7% dividends. Dividends on old stock are
m i Djcct 10 a 4-mIH tax on assessed value, on special betterm ent, tax-free.
son
a-m iT1909.
onn •™’J
? e,P.?ofl,1910,
t ,,t. <At !le
ln 1907(V.
was84,$634,366;
$90,470;
$231,443;
loss,lessecs
$133,176.—
p. 749.) In 1908.
E R IE RAILRO AD .— (See M ap on preceding page.)— Em braces trun k ­
line front Jersey City, opposite N . Y. City, to Chicago, 111., 998 miles, and
branches, 1,397 miles; total, 2,391 miles; second track, 895 miles; third
and fourth tracks, 55 miles: to tal, all tracks, 3.321 miles.
Lines Owned in Fee—
M iles.
Leased Lines—
M iles.
Plerinont, N. Y ., to D u n k irk .. 447 Avon
Gen. A M t. Morris
*n
Buffalo to Jam estow n, N . Y __ 67 M ontgom
ery
A
E
rie
..
*in
Buffalo to Corning, N . Y ______ 140 N orthern R R . of New Jersey. I' *26
O ther branches_______________ 144 Goshen A D eckcrtow n.......... " * 1 2
Stock all (a) or nearly all (b) owned. c h e s te r A G e n e s s e e V a lle y
* is
aChlcago A Erie R R ..................... *250 OR other
lines..........................
"" 45
aJefferson R R _________
*45
Leased
to
Nypano
R
R
.—
N . Y. a Greenwood Lake R R .. *52 Clevc. A M ahoning Valley RR
bNcw Jersey A New York R R . *38
R ailw ay................... _ '
Eric A W yoming Valley R R .__ 50 Sharon
ther lines
aN ypano R ailroad _...............
*422 OTrackage............
............... 220
bTioga R ailroad______________ 5 8
.................................
1 5 7 L,ncs ,n system June 30 1910 2 391
See this com pany.
N . Y. Susquehanna A W estern! *236
H ISTO RY o n D e c . 1 1895 succeeded, per plan In V. 61, p . 368 the
soil (Htpdkm tio e * j y estern H R . Co ., sold In foreclosure under Its second conn r i a n 1v. Tbe com pany holds In fee or through ownership of all or
vrm 2*X % »i th ®, stock or the Independent com panies the line from New
J ? cluc!!n*
N ypano
. andproperties.
Chic. A Erie ^m pPan ics) ’
and also alluICagK°,(
subsidiary
lines the
except
a fewR Rsmall
AND STEAM BOAT P R O P E R T Y .— The Erie coal properties ren­
acres of anthracite, of which about 9,000 acres
aeros6!^ hi»?.eAia 80
ac^cs of bitum inous coal lands held In fee, 14 000
y S ^ l S ^ i ^ ^ 2 2 2 l 45? ? n lVJ>oe^ n ? Ineral r,ghts. Its coal tonnage In the
Union
i m hboat
o ^ C?Line
f ted/(merged
19-128; 796
out of
38,763.600
Hmpn Ss ^team
In Erie
R Rthe
. Co.
June 30 tons
1896)hauled.
has termThe
inpp»MC'I»JSr?pcrt
M
.n
Huffalo
ail(i
8 lake stca m ers. See V. 63 p 514
P enn, coal properties acquired In 1901 arc additional. V. 82. p . 1322.The
^ h -T£ S 5 * ^ r The YotJn^ tru st was dissolved May 1 1904. V 78 n 1540
i
thll genera 1 lien bonds of 1895 have 1 0 votes
each

For

D IV ID E N -ii (cash)
*01 •o*>
'03. ' p i . '05. '06. 1907. '08 to A pr.'lO
On
first p re fe rre
0
On second
muinnd
---d .... [I *i u °q* 3 H 4 4 4 A pr., 2
On
preferred.!
L o a ? A ^ u s t 'c o
d ,n t?c; ls ,or *175,000.000 (Farm ers'
$35,000
000 pbower;
r i o r 'l isee
e T •’Stock”
S T i C4Co a0b0S
0,,0OC^ general'
i T A oonus.
g d . " - oBoth
dcs
have
voting
above
*
o tn “series
ultim ate foaulalt?oB02f‘, bo?rtl ,‘e' ' bl>r"ts'. $92,073,000 were reserved for thc
various n arts of thp
! guaranteed stocks left undisturbed on
ra e rv c d Ptor new e o n ^ rn S ln n hl.V V ' ° 2' p ’ 89)> and *17,000,000 were
not
over
{
fn
n
n
OOO^?nthS
.H?3’in
.toermentSl
1897—
not over 5 1,UUU,UUU to oe used In any
one yearadditions,
In Oof &c..
io ioafter
nnnifpntinn
T?i(, o
° /tb e flrsfc consolidated m ortgage Is substantially as follows:
rJdfn^ IhP
° r collateral, th e prior lien bonds, however, preS
S
t
p
S
n
f
r
n ! Co.) bond!l
com pany’s chief
coal properties
(except I enn. Coal
upon Itsupo.n
w atertiie
transportation
lines (including
valu­
able term lna 1 properties app u rten an t thereto), and upon a num ber of prohtJb lelo ca Ines in New Jersey and near Buffalo: It is a second lien upon certain
m inor coal properties and upon thc railroads leading to all thc coal proncr


[VOL. LXXXXII.

J P M organ & Co, N Y
do
do
do
do
50 Church S t, New York
do
do
do
do
50 Church S t, New York
Fidelity T ru st Co, Phila
50 Church S t, New York
J P M
organ
Co, N Y
iuui
K«tu ACC L/U,
do
do
do
do
do
do
do
do
do
do
do
do
50 Church S t, New York
New York and London
50 Church S t, New York
do
do
do
do
do
do
New York
Checks m ailed
Checks m ailed
B ankers T rust Co, N Y
do
do
do
do

tics, upon the term inals at Jersey City, upon the Buffalo N. Y. A Eric R R *
(the m ain line to Buffalo), and the Buffalo term inal properties other than
♦ <nS*upon
H a
Hen, and upon th e entire line from Salam anca
m ont anS°6 uVklrkS?447iriuS)OWda/ed mort°a°e Up° D the 1Ines betwcen 1>ier'

g u ^ ^ sss^ j^ -^ ^ sss.g g g

Coal Co. stock, and thc stock of thc Erie A W yoming Valley R R Scranton
l a ., to Laokaw axen, 65 miles, and Delaware Valley A K ingston R R °A
sink, fund of 10c. per ton of coal sold purchases bonds a t not exceeding 105otherwise to be applied to thc draw ing of bonds by lot; all such bonds to be
kept al ve and the accruing in t. thereon to be added to the sinking fund
which. It ls estim ated, will be sufficient to retire the whole Issue a t or before
m atu rity . V. 71, p. 1219, 1311; V. 72. p. 44. and circular, p. 136, 532, 257;
V.
79, p. 212.
1901-10fund.
$3,862,000, Included above as outstanding was
purchased
by th eInsinking
♦
conv. 4s of 1903 ($50,000,000 authorized Issue) will be Issued from
required and may be m ade convertible Into com . stock a t a
wllc“ |th e bonds are Issued, b u t not less than $415« per
The
first'Yio^non nnfiafiptH ^ CA?1Pany,«
s for
Propert*
v subject
to underlying
liens.is
convSrtihffl
Jssued
Jmstock
provem
equipm ent
°«I5.ri i n e b.a s,s of $100 bonds
for $200
to ents
Apriland
1 1915.
SRO np?HhirS^SdaSnfr0ri $12*000'^00 aie convertible Into common stock at
- a1*?00
lb()7 V.
antl84.before
pn - 382. 5 4i; V. 78. p.4 S768;
V. 79. p. 12205:
p. 270O ct. 1 1917. V 76
_
* Jersey R R ., with $60!),000 auth . stock, com pleted In Jan . 1909
a low-grade cut-off from H ighland Mills via Campbell Hall to G uym ard,
N .Y ..a b out4 0 miles. J n June 1907 $3,000,000 3-year Eric A Jersey 6%
onnGf
S0Id Vi8\0UrSn1by ^4,000,000 E . A J . bonds (auth. Issue $10,000,P0°2621;5V y8C4a :
W
bo" V919°. '°pr
01 ' V ' 80
m/gc.^coverln^g ro a d ^ ro m T lu n ^ ro 1^ * ^ ^ N a ,YhOii 0 em[logmc ^ p l c ’to<|9j i 0 v
V9I84. p /l3 6 6 ? h I s - v !0^ . pUe77710
° b ta,ned ' s“ ur'c d by its bonds'^.
2 *500;°Q0 6% collateral notes dated April 8 1911 were issued to
for rianh % en ? ndThm
°? by deposit
then m of
aturing
(see “ R y.Erie
A Ind.Sec.”
...T hey.rthc
arc notcs
secured
$12,839,000
’’generAl
000 Frffi1roivp?tihl2aH t0i he aiPount shown above as outstanding); $985.col ateral
7 m n'S;^Sf r,Ci “S ' " W } ’000 ErIe R R - Pennsylvania
Term inal
of’n .?iL ’?A%? r°Chnotes,
C; & $6,306,000 N.
oonso14s- 505,000
stoek
S 1 6 3Goi'nnfTnh£f,
Y. Suso.
A W est.M utual
pref.
Co stock V 92 h p h 5941IUdSOn R lv * R y ‘ stock anU 5145,700 Tem ple Iron
C ar Trust Series, Gold (Denomination $1,000 each). See V. 88, p 8S2
l nter^s}w Outstanding.
M ature in Installments. ’
” H. ”
- - - -1805 4 JA D $950,000 June ’11-Junc *14 $100,000 s.-a.
..p
1905
4
J-A
D
3,850,000
Ju
ne
’11-June
*16
’’J ” ............ 1906 4 MAN
Nov. 11-Nov. *16 350.000
47.000 s.-a.
”„ LK”” ---------1907 4 H A AO 537.000
377.000
Aug.
’ll-F
e
b
.
’17
29.000 s.-a.
--------- 1907 5 JA J --- 1.391.000 To July 1917
107.000 8.-a.
- ...........1907 5 JA J
377.000
To
July
1917
29.000
s.-a.
MN” ............1907 5 A AO 2.076.000 O ct.’l 1-Oct. ’17
152.000 s.-a.
” 0 ” ---------1907 5 A AO
To Oct. 1917
Sf.OOO
” P ” ................... 5 Q .-F. 650.000
233,419 To Aug. 1912
‘,Jo ? nd “*L " In N’ew York: Series ” H ” a t G irard T ru st
nI uiL
.
o
,
e
Spri?s
I
a
t
Penn.of Commerce,
Co. for Insurances
on Lives,
hlla.. Series K a t N ational Bank
New York;
Series ”Ac.,
M”
SSeries
L S £ ^ AO.T na l8i,c
®S®r*cs
“
N”
a
t
First
N
ational
B
ank,
New York;
t C entral T rust Co., New York.
Long Dock 6s, sec xVlarch 1894 "S upplem ent,” under N. Y. L. E . A W.
FIN A N C ES.— D uring the year ending July 1 1909 m aturing counonsto ta total oTabout 56.000.000 were purchased on behalf of the com pany by
Ln
ov e m eents
n t s&aand
n d ' additions.
iKiin t!JlnV ° T-hCC
the roadso,npurchased
P09*^100 towere
comoledtred
plete needed
im or
provem
The coupons
with
other collateral to secure about $14,000,000 o( 6% notes dne Anrii K m V
These notes were paid a t m atu rity n l d i i J t 2 S(m non
were Issued (see "B onds" above). w lthorn fhe e o u ^ l ^ p a n coTfateral
The llnanclal plan as originally contem plated In 1908 called m r thc creation
o fa large car tru st and the Issuance of *30,000,000 bonds^to take uo the firstnam ed note Issue and to fund coupons m aturing on the prior Men bonds and
v .n8C7?p i245;nv . S ’S 'e S f .r a j ®
3 0 1 9 H - v - 89' p - 1080:
c u S J T f . ' s K K ^ S 1v .19o?:p ^ « i ™ t ' ofr rro,n H unts t(>
Ju ly 1 to Feb. 28. U 909-10. ..G ross, 537.864,843;
36,589,794; nnet,
et. $10,419,848
10,131,477
r iw n aaftlelength
M th ^Inn VR
oi —p. 1020. 1029;ends
Ju nc 30p.* 1066.
R cP<>rt for 1909-10
given
V. 91.
editorial,
1909-10.
1908-09.
1907-08.
Miles operated...................
2,227
2.231
2.171
Gross earnings_________
------------$54,866,190 $50,441,162 $49,784,236
W orking expenses______ -----------39.100,332 36,904.285 41,031,696
N et earnings______
------- $15,765,858 $13,536,876 $8,752,540
Interest on securities.
.......... 3,527,091 2,537,451
664,290
R ents, Ac., received ..
.......... 806.929
738,552 2,252,208
T otal net Income
$20,099,878
$11,669,038
Interest on b o n d s..
$9,714,161 $16,812,879
$9,660,733 $9,662,561
In te re st on collateral notes
520,327
.......... 080 846
R entals of leased Tines™'"!’
983,587
984,753
H ire of equ lp 't and Joint facilities
- '
1.562,300
1,179,051
820.399
Interest on car trusts
598.852
722,643
733,104
Pe»n Coal Co. sink, fund' and'm lse
643,388
779.373 1.102,104
A dditions and Im provem ents __
737,087
381,927
575.804
i $2,565,717df.$2,199,226
Balance, surplus or deficit............$ur.<

RAILW A Y STOCKS A N D iB O N D S,
Miles Date
Road Bonds

Evansville & Terre H aute (Concluded)—
F irst general mtge for $7,000,000 gold--------- F.c*
199 1892
Equip bonds Scries B due $20,000 s -a ----------------Ba
1905
1906
do
Series C due $60,000 s-a (V 82, p 627)._ IJa
Evansville & Ind 1st M gold g u a r------------- _F.o*
54 1884
Cons M ($2,500,000) g g u p & l (end) E& TH F.c* 134 1886
F tchburg— Preferred 5% ren ta l________________ . . .
Bonds to S tate of Mass 4% since Feb 1897____ r
1887
1890
Bonds not m ortgage.........................
c&r
Bonds n ot m ortgage------------------------------------------ c
1894
’95-96
Bonds not m ortgage ($1,359,000 due 1915)______c
’97-98
Bonds n ot m ortgage ($2,750,000 arc 4s of ’97) - .c& r
Bonds not m tge ($1,775,000 arc 3 Ms of ’0 1)___e&r
’00-01
1907
Bonds not m ortgage $2,000,000 authorized. _c* &r
1905
Bonds not m ortgage $3,660,000 c u rre n c y .. . . .c& r
1908
Bonds not m ortgage $2,400,000_____ __________c&r
Troy & Boston first m ortgage (V 53, p 405)____c&r
35 1874
1891
Brookline & Peppercll plain bonds guar (end)___
V erm ont & M assachusetts plain bonds g u a r___ c&r
1903
30 1907
Fitzgerald Ocilla & R roxton— 1st M $300,000 g red 110
Flint & Pere M arquette— Sec Pcre M arquette statem ’t
59 1909
Florida R y— F irst m ortgage $4,000,000_____ ___ Ca
47 1907
Florida C entral—Mtge $200,000 gold (see te x t)___
T hird m ortgage_______________________________ _
47 1910
Florida C entral & P eninsular—Sec Seaboard A ir Line R y
Florida E ast C oast— 1st M $12,000,000 g__Ba.xc*&r' 619 1909
1909
General Income M 5% non-cum $25,000,000_____
Florida W est Shore— See Seaboard Air Line.
26 1881
Fonda Johnstow n & Gloversville—Cons M $500,000.'
26 1897
F irst consol refunding m tge $700,000 gold._N ,c
26 1900
General refund m tge $1,500,000 (V 71. p 34).N .c*
4 1893
Johnstow n G & K Ingsboro 1st m tge assum ed--------14 1892
C ayadutta Eleo 1st M guar p & I by F J & G g o ld .. N
75 1902
F irst cons gen ref M $7,000,000 gold red 120 N.c*&r 163
F t D Des M & So— IstM $3.500.000 g red 105(text)OB 163 1907
1907
R efunding m tge $6,500,000 gold red par (tex t)-.A B
1904
Fort Smith & W estern— 1st M $7,500,000 gold.M e.c*
98
Fort W ayne & Jackson— Preferred stock 5M % rental

Par
Am ount
Value Outstanding
$1,000
1,000
1,000
1.000
1,000
100
1,000
1,000 &c
1,000
1,000
1.000 &c
1,000 &c
1,000 &c
1,000 &c
1.000 &c
1.000 &C
1,000
1.000 &c
1,000
100
10,000
1,000
1,000 &C
100 &c
1,000
1,000
1,000
1,006
1,006
1 ,ooc
100 &c
1.00C
100

O FF IC E R S.— Pres., F . D. Underwood; V .-P. and Gen. Solicitor, G. F .
Brownell; V .-P ., G. A . Richardson: Seo.. David Bosm an; T rcas., D. W .
Blgoney; A ud., C. P . Crawford. 50 Church S t., New Y ork.
• D IR E C T O R S.—Chas. Steele, J . J . Goodwin, John G. McCullough,
Ogden Mills. F . D. Underwood, G. A. R ichardson, Francis L ynde S tetson,
Geo. F. B aker, Norm an B. R eam , Charles A. Peabody, E . II. G ary, Geo.
W . Perkins. R . S. L ovett, L. F . Lorce, W m. P. H am ilton.— (V. 91, p. 945,
1020. 1029, 1511; V. 92, p. 460, 526, 594, 725, 956.)
E V A N S V IL L E & IN D IA N A P O L IS R R .— Owns Evansville to Terre
H au te, Ind. (via W orthington), 134 m .; leases branch, 12 m . A consolida­
tion In 1885. Of the consols, $647,000 are held to m eet lsts due 1924. The
consols and the bonds of 1924 arc guaranteed by E vans. & Terre H aute,
which owns capital stock, $2,000,000. Com pany owns no equipm ent.
In 1906-07 (latest retu rn ), gross. $439,356: net, $128,617; Int.. taxes, &c.,
$195,553; bol., deficit for year, $66,936.— (V. 89. p. 103, 410.)
E V A N SV IL L E & T E R R E H A U T E R R .— (See M aps S t. Louis A S . F .)M iles.
Road owned and operated. Miles Controlled and operated.
Evansville to Terre H au te............109 E v. & Ind. R R ., E vansv. to T erre
H ’tc via W orthington, &c____146
Branches to M t. Vernon, &c----- 50
Evansville Belt (stock held )------ 5
T otal In earnings--------------------- - ------------- ------------------------------------------310
Leased to other com panies, Rockville extension_______________ ______ 23
Chic. & E ast. Illinois owns $3,186,450 of the com . stock. V. 81, p. 1242.
D IV S.—
] *94. ’95. ’96. ’97. ’98. ’99. ’00. *01. ’02-’05. ’06-’09. ’10.
C om m o n ____% \ ............................. -- 2 3 1M N one. 4 y ’ly. 5
P referred____%J
. . 1 1 2 4M 5 5 5 y’ly. 5 y ’ly. 5
On preferred 5% declared, 2M % paid O ct. 15 1910 and 2M % A pr. 15 11.
BONDS.— Gen. 5s, $3,825,000 are In tru st to retire prior bds. a t m atu r.,
EA R N IN G S.—8 m o s../1910-11______Gross, $1,824,022: n et, $662,502
Ju ly l to Feb. 28. \ 1909-10.. .G ross, 1,654,948; n et, 634.531
R E P O R T .— For 1909-10 In V. 91. p. 1242. Results Include E v. & Ind
1907-08.
1908-09.
Year ending June 30—
1909-10.
O perating revenue................................. $2,471,175 $2,093,997 $2,204,069
661,891
710,068
828.270
O perating Income after ta x e s______
777,874
991,160
986,872
T otal net I n c o m e _______________
602,758
592,048
605,191
In terest and ren tals............................
61,197
61,200
61,200
Dividend on preferred (5 % )_______
159,284
159,326
199,105
Dividend on com mon (4 % )________
B alance................................................... sur.$l21,376 def.$45,368sur.$ 178,589
Chairm an Exec. Com ., B. F. Y oakum , N. Y.: P res., ■ >. L. Wlnchcll:
Vlce-Pres., C. VV. H illard, N. Y.: Seo. A T rcas., G ilbert S. W right, E vans­
ville, In d .— (V. 87. p. 1155, 1220: V. 01, p. 654, 1242.)
PITC H B U R O R R .— System extends from Boston, M ass., to Troy and
R otterdam , N. Y., 251 miles: branches to W orcester, Bellows Falls, &c.,
207 m.; 458 m . In all, of which 59 m . (Fitchburg to Greenfield) leased from
V erm ont & Mass, and 5 m . other cos.: second track 199 m . V. 84, p. 1366.
LEA SE .— Leased for 99 years from Ju ly 1 1900 to Boston & M aine for 5%
on pref. and 1% on com. stock, organization expenses, ln t. on bonds, taxes,
expenses of m aintenance, &c. Boston & M aine holds $5,451,400 of the
$7,000,000 common stock, the rem ainder being In the treasury. V. 70,
p. 76, 125, 176, 583. 1291; V. 71. p. 29, 543; V. 72, p. 5.32.
BONDS, &c.— D ebentures, sec V. 60, p. 967; V. 84, p. 158. 270. On
Ja n . 12 1910 $550,000 pref. stock was sold. T he stockholders on Sept. 28
1910 au th . $400,000 additional pref. stock; this increased th e am ount to
$18,860,000.— (V. 91, p. 716. 870.)
•
F IT Z G E R A L D OCILLA & BROKTON R R .— Owns B roxton to O cilla.
G a., 25 miles, w ith branch to Fitzgerald. 5 m .; leases Ocilla to Irw lnvllle.
10 m . V. 84. p. 1551. Stock, $300,000, all outstanding, par $100, of
which three-fourths, together w ith all the $150,000 outstanding bonds,
arc owned by the A tlanta Birm ingham & Coast Co. V. 89, p. 41.
In 1909 a protective com m ittee for securities of A tlanta Blrm . & A tlantic
R R . requested deposits of both stock and bonds. V. 88, p. 1196. In
Mch. 1910 H . M. A tkinson was appointed receiver. V. 92. p. 725.
Year ending Juno 30 1910, gross, $50,931; op. dcf., $2,269; ln t. on bonds,
$7,980; bal., dcf., $10,249. V. 85. p. 468. Pres., H . M. A tkinson; T rcas.,
H . M. M ilam.— (V. 89, p. 41: V. 92. p. 725.)
FL O R ID A RY . — P erry to Live O ak, F la., 52 miles; w ith branches, 7 m .
A uthorized to build from Tallahassee to Fernandlna and Jacksonville, 224
miles. Extensions were under construction In Jan . 1911 from Live Oak
to Jacksonville and Fernandlna, 104 miles. Stock a u th ., $4,000,000; par
$100. Bonds ($4,000,000 a u th . Issue) are subject to call a t 106 on any ln t.
day. after Ju ly 1 1914: they will be Issued a t $20,000 per mile. Money to
pay 2 years' coupons, It was stated In May 1910, had been deposited to pro­
vide for period of construction of extensions. ”V. 89, p. 1596; V’. 90. p. *1362.
Pres, and Trcas., F rank Drew, Live O ak, Fla. (V. 90. p. 447, l:1362.
FL O R ID A C E N TR A L R R . — Owns Thom asvllle, G a., south through
tim ber lands to Fanlcw, F la., 47 miles: com pleted 1908. Controlled by
J. L. Phillips Co. Stock, $50,000: par, $100. Bonds of 1907 m ature $80,­
000 In 1911. thereafter $40,000 yearly. Safe Dep. & T ru st Co., B alt.,
trustee. In April 1910 m ade 3d M. for $300,000. V. 90, p. 1170. Loans
and bills payable Ju ne 30 1910, $54,920. V. 85, p. 1339. For year ending
Ju ne 30 1910. gross, $64,903: net, $34,205: Interest, taxes, &c., $43,769;
deficit, $9,564. Pres., J. L. Philips.— (V. 90. p. 1170.)
FL O R ID A EAST COAST RY . —Owns from Jacksonville, F la., via S t.
A ugustine to K night’s Key, 476 m .; branches, 95 m .: trackage. 13 in.; total,
583 in. Completed to Miami In 1895 and has since been In successful opera­
tion. Is under construction from K night’s Key southw ard to Key W est,
45 m ., and will be com pleted early In 1911, forming the only connection to
Southern and E astern Florida and thence to Cuba for th e A tlantic Coast
Line, Southern Ry. and Seaboard Air Line. T he proposed car ferry be­
tween Key W est and Cuba (90 m .) will perm it rapid through service In place



Rate

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

B ankers’ T ru st Co
$3,175,000
A & O Apr 1 1942
160,000
A Aug ’11-Feb ’15 Blair & Co, New York
4 M g FF &
600,000
& A Aug ’11-Feb 16 B ankers’ T rust Co,
4Mg
*
647,000
6 g J & J Ju ly 1 1924
do
do
1.853,000
6 g J & J Jan 1 1926
Boston & M e.Bost
18.860.000
5
Q —J A pr 1 ’l l 1 14% Office,
Office F ltchburgR R .B ost
5,000,000
4
M & N Feb 1 1937
do
do
500,000
4
J & D June 1 1920
do
do
500.000
M
&
N
M
ay
1
1914
do
do
1,859,000
44 H Various 1915 and 1916
do
do
4.200.000
4
Various 1927-1928
do
do
2.275,000
3 « A & O O ct 1 1920-21
do
do
A & O A pr 1 1927
2.000,000
4
d«
do
3,660,000
4
M & N M ay 1 1925
do
do
2,400,000
■ *)« M & N M ay 1 1928
do
do
573,000
7
J & J Ju ly 1 1924
do
do
100,000
5
J & D Dec 1 1911
do
do
772,000
3 H M & N May 1 1923
Owned by A tl B A C’stCo
150.000
6 g J & J Ju ly 1 1937
C&rncgle T ru st Co, N Y
Sec tex t
J & J Ju ly 1 1959
5
200,000
6 g M & N Nov 1 1911-14 Sale Dep \ T r Co. Balto
do
do
A & O Apr 1 1940
300,000
6
New York
10,000,000
J & D June 1 1959
20.000.000 3 H % pd Nov 1 *10 Ju ly 1 1959
Im p & T rad N at Bk, N Y
A & O A pr 1 1921
200.000
6
New York T ru st Co, N 1
500,000
4 X f .1 & .LJu ly 1 1947
do
do
800,000
4 g J & J July 1 1950
M etropolitan T r Co, N Y
50,000
6
j & J Ju ly 1 1913
Farm ers’ L & T r Co, N Y
A & O Oct 1 1922
350,000
6
New York T ru st Co, N
Nov 1 1952
5,150,000
4 M g M & N Jan
July ’08 coup last paid
1 1932
2,200,000
5g J & J
In default
2,800.000
5 g A & O Apr 1 1937
O ct 1907 coup last paid
4 g A & o A pr 1 1954
0,240.000
2,291,416
5 H M & s Mch 1 1911 2 H F arm ers’ L & T r Co, N Y
'ao

R A IL R O A D CO M P A N IE S
[For abbreviations, A c., see notes on first page]

55

o.o

A p r ., 1011. j

of transshipm ent and a long ocean voyage. Extensions proposed In D ec.
1910 from M aytown to W hittier, F la., and L ake Okeechobee, w ith a branch
to F ort Basslnger on the KIsslmce R iver, a to tal of 135 m ., to Ioe com ­
pleted w ithin 3 years a t cost of $1,500,000 or m ore. V. 91, p. 1629.
Stock.— $5,000,000. of which $3,000,000 sold a t p ar and $2,000,000 ad ­
ditional subscribed for a t p ar Is payable as required for construction during
1911. Controlled by H enry M. Flagler.
Bonds, A c .—The 1st M. 4 Ms ($12,000,000 a u th ., $10,000,000 sold In
Ju ne 1909—V. 88. p. 1620) are a first Hen on 619 miles a t $16,150 a m ile,
lncl. equipm ent: cost In cash reported as $59,774 per mile. Followed by
$20,000,000 2nd m tge. income bonds and $5,000,000 stock.
• Dividend on incomes, 3 M % . paid N ov. 1 1910. V. 91, p. 589.
EA R N IN G S.—8 m os..(1910-11.............Gross. *2,284.965; n et. *678,738
Ju lv 1 to Feb 28. 11909-10............ Gross, 1,883,119: n et, 502,425
For 3 mos. ending Sept. 30 1910. gross. *583.642; n et. *50,604; ln t..
rentals, taxes, Ac., $163,283; bal., d el.. *112,679.
R E P O R T .— For year ending Ju ne 30 1910 (V. 91. P -15 0 8). gross *3 687.434; n et. *1.481.621; in t.. taxes, rentals. A c..* 6 '°.0 8 8 . ln t.o n IIncome
bonds, *700,000 <3 W % ). less ln t. on deposits (*2,341), S697.6.»8. bal., su r..
*113,925. In 1908-09. gross. * 3 .3 7 3 .5 5 4 . Pres, and Gen. M gr.. J . R .
P a rro tt.— (V. 90. p. 1362; V. 91, p. 589, 1446, 1508. 1029.)
FONDA JO H N STO W N & Gl.OVERSVI LLE R R .—Owns F onda to
N orthvlllc (steam ), 25.47 m .; Gloversville to Schenectady (electric).
m .; Gloversville to Fonda (electric), 8.70 m .: A m sterdam to Ilagam an
(electric), 3.80 in.: Belt line In Gloversville (electric), 3.84 m .: second track
(electric), 21.01 miles. O perates under lease branch line Droadalbln J e t.
to D roadalbln, 6.15 m . (steam ): also local line Gloversville to Johnstow n
(electric), 4.08 m.; sidings and tu rn o uts, 12.16 m .; to tal, 96.52 miles of road
(117.53 miles of track ), of which 96.87 on private right-of-w ay and JO.fab
miles on streets and highw ays. The Johnstow n R R . was Incorporated In
April 1911 w ith *300.000 a u th . stock to build an electric road from Johns­
town to L ittle Falls. 27 miles.
______
.,
Stock, com m on, *2.500,000; pref., 6% cum ., *1.000.000. subject to call
a t 105, authorized Feb. 1909, of which *500,000 sold April 1909. V. 88.
p. 883. DIvs. on pref., 1 H % ouar. Ju ne 1909 to M arch 1911, lncl. (Q.-M .
15). On com ., first dlv., 2% , paid Ju ly 20 1910. P ar of all stock. *100.
Owns entire *105.000 stook of Coal Co. of Fulton Co. and stock of Edison
Electric Light A Power Co. (V. 71. p. 1167). V. 78. p. 29. Also a tw othirds Interest In stock and bonds of A dirondack Lakes T raction Co., 4 m iles.
BONDS.—Consol. 4 « s , *7,000,000 auth .: *1,850.000 Is reserved to re ­
tire prior Hens. V. 76. p. 265. In Mch. 1911 *380.000 consols were sol_d
for im provem ents, m aking *5,150.000 outstanding. V. 92. p. 261. 72o.
956. G uarantees *30,000 Gloversville A B roadalbln 5s and *50.000 Jo hn s­
town Glov. A K . H orse R R . 6s and *50,000 8% stock.
E A R N IN G S.—9 m os.,(1910-11............Gross. *701,441: n et. *370.39®
Ju ly 1 to Mch. 31. 11909-10............Gross, 663,093; n et, 338.35'
R E P O R T .— R eport for year ending June 30 1910. In V. 91, p. 1324.
show ed: Gross. *904.751: n et. *483.229: other Income. * 2 4 .0 8 6 : charges.
*390.041: pref. dlv. (0% ). *30.000; com mon dlv (2% ). *50.000: bal..
surplus, *37.174.— (V. 91. p. 38. 870. 1324; V. 92. p. 201. 725. 956 )
FORT DO DG E D ES M O IN ES A SO U TH ERN R R .— Owns or con trol1
road from Des Moines, la ., to F ort Dodge and extensions to Rockwell cit>
and N ew ton, w ith 7-mile branch to Ames and local lines In F ort Dodge and
Ames, all equipped for steam service, and th e m ain line between Des Moines
and F ort Dodge, w ith branch to Ames, a total of 90 miles: also ^ It50cJe®^Jc
power for passenger service. V. 85, p. 98, 1209: V. 87. p. 1420: V . 88* P-101.
On Ju ne 6 1910 President H om er Loring and Parley Sheldon or Ames. ia ..
were appointed receivers. V. 90. p. 1554.
.
.. _
In Feb. 1911 receivers were ordered to sell p a rt of road from Newton to
Des Moines J e t., 30 miles: if not sold w ithin 90 d ay s,a n application to be
considered for its abandonm ent. V. 92. p. 394.
STO CK.— Common stock authorized, $5,500,000:. o utstanding.
000; pref.. 5% non-cum ., $1,200,000. all issued. The bonds covct 3.218
acres coal lands. V. 85, p. 98; V. 87. p . 1420. Coupons are in default.
Y ear 1908-09. gross. $342,672; n et, $123,562.— (V. 92, p . 394.)
FORT SMITH & W E ST E R N R R .— O perates F ort S m ith, A rk., to G uth­
rie, O. T ., 216 miles, of which Coal Creek. I. T ., to G uthrie, 196 n», Is
owned and F t. Smith to Coal Creek, 20 m .. Is K ansas City Southern track ­
age. to be replaced by com pany’s own road. Coal properties are developed
a t M cCurtain, I. T ., 40 m . w est of F ort S m ith, producing an average of
30,000 tons per m onth. Owns 51% of the capital stock of the S t. Louis El
Reno & W est. R y., G uthrie to El Reno, O. T „ 42 ra., oper. independently.
In N ov. 1910 security holders were privately asked to deposit th eir hold­
ings for 3 years w ith a com m ittee consisting of W . L. Brown, A. W . Mellon,
Colgate H ovt. W . H. Conniff, W . G. M ather, J . J . Sullivan, Geo. S. R ussell.
Jam es H . H oyt, S. H . Tolies, C. C. Bolton and A. C. D ustin (Superior Sav­
ings & T rust Co. of Cleveland, depository), w ith pow er to sell or exenange
the sam e, &c. V. 91, p. 1446; V. 92, p. 527.
_ rnn
Stock, $5,000,000, all outstanding; par $100. Of the 4 s oM 904 ($7,o00.000 a u th .). $5,833,000 were Issued in exchange for $ 5 ,0 0 0 ,0 0 0 old 5s,
$400,000 are reserved to replace th e 20 miles of trackage m entioned above,
$400,000 for equipm ent, and the balance for other purposes. E quipm ent
tru st notes outstanding, Ju ne 30 1909, $452,46S. V. 77, p. 88.
E A R N I N G S .— 8 m os., ( 1910-11 .............Gross. $609,493; n e t. $188,707
Ju ly 1 to Feb. 28. 11909-10_______ Gross, 489,814; n et, 81,654
F or year ending June 30 1910, gross, $663,085; net, $76,119. In 1908-09,
gross. $641,448: net. $20,371; other income. $42,752; in t., taxes. Ac..
$356,330: bal.. def., $293,207. In 1907-08, gross, $647,957; n et, $87,908.
Pres., A . C. D ustin. Cleveland. O .— (V. 91. p. 1446: V. 92, p. 527.)
FORT WAYNE & JACKSON R R .—Owns Jackson, M ich., to F ort W ayne
In d ., 98 miles. On Aug. 24 1882 leased perpetually to Lake Shore & Michi­
gan Southern at a rental of $126,027. equal to 5 M% on the pref. stock (see
V. 56, p. 812) and after 1887 any net earnings over 8% on nref. stock to be
paid on com ., b u t not exceeding 2% a year. Com. stock. $436,132.

RAILW AY STO CK S A N D BONDS.

56
r a il r o a d c o m p a n ie s

[For abbreviations, A c., see notes on first page]

Miles Date
Iioad Ronds

Par
A m ount
Value Outstanding

Rate
%

[VOL. LXXXX1I.

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

Ft W orth & Denver C ity— Pref stock "stam p certfs" 4
$100 $2,539,992 4 In 1911 Yearly Feb 20 1911 4% G uaranty T ru st Co, N Y
First m tge gold $18,000 per m ile________ Me.c
454 1881
1.00C 8.176.00C
6 g J A D Dec 1 1921
Office, 26 L iberty S t, N Y
E quip tru st ctfs guar due $39,000 s-a redeem 101
_ 1906
273,00C
5
J A D J ’ne T i-.J’ne 14 Commercial
T r Co, Phlla
do do Scries B due $19,000 s-a redeem 101(
1907
1.00C
228,00C
A
5
O
G uaranty T ru st Co, N Y
Oct
*11-Apr
’17
Gainesville M idland— F irst M $1,000,000 g red at 111
74 1905
1.00C
66 l.OOC
5 g M A N Nov 1 1935
S
avannah,
Ga
G alveston H arrisb & San A ntonio— 1st M g 1 gr ext c
256
’71-*8C
1.00C 4.728.00C
6 g F A A Aug 1 1935
Owned by Sou Pac Co
W estern Division first m ortgage gold_____
c
671 1881
l.OOC 13.418,00C
5 g M A N May 1 1931
So Pac Co 120 B’w ay.N Y
Galv H ous A Nor 1st m tge (owned by South Pac)
56 1900
800,00C
5 g J A J Jan I 1930
do
do
N Y T ex & Mex 1st M gold $ or £ guar by So P .F .c *
91 1882
£ or $ 1.465.00C
4 g A A O Apr 1 1912
So Pac Co, N Y, & Lond
do
do
do
not guaranteed
91 1882
£ or $
53,000
6g A
O Apr 1 1912
do
do
New m ortgage $10,000,000 to be authorized
1910
6
1940
G alveston H ouston & Hend of 1882—First M Me c*
50
1883
1,000
2,000.000
A
5
A
o
Apr
1
1913
M
ercantile
T
rust
Co, N Y
G alveston Term inal— 1st M $5,000,000 auth gu (text)
1908
1,006,000
6
Mch 1 1938
Garden C ity Gulf & Nor— 1st M gold $15,000 per mile
1909
1,000
600,000
6
J
J
A
1949
Common’th
T
r
Co,
St L
Genesee & W yom ing RR— 1st M gold $500,000
K
1,000
16 1899
500,000
5 g A A o Apr 1 1929
KnlckerbockerTrCo, N Y
Geneva Corning & Sou—Common stock guar
2,325,000
3
H
Q—J
Apr
1
191
IH
%
G
rand
C
entral
S
ta,
N Y
Preferred stock, guaranteed
5,000,000
1 1911 1%
do
do
Pine Creek 1st M gu prin and I n't endorsed ~ "
r
75 1885
1,000 3,500,000
6
J * A ” D Apr
Dec 1 1932
do
do
F irst A refund M ($10,000,000 a u th )____F.xcv Ar*
1909
1.000
Ac
See
text
M
A
May l 1959
do
do
Georgm & A labam a— Georgia Carolina & N orthern — See Se aboard Air Line R y.
Georgia Coast & Piedm ont— F irst M g $1,000.000._G
85 1906
1,000
600,000
M A s Mch 1 1946
F
J
Lism
an
A
Co,
NY
Consolidated m ortgage $3,500,000 gold__________Ce
1907
240.000
J
A D Dec 1 1957
do
do
Incom e debentures.
1908
175,000
6
Sept
1
1918
In
t
only
pay
when
earn
Georgia & Fla— Mlllen & South 1st M $800.odd g . . . K
53 1905
1,000
212.000
5g A
Apr 1 1955
H anover N at Bk, N Y
Georg a & Florida m tge $12,000,000 g o ld .. . . . . .c
284 1907 500 Ac 5,246,000
M
Nov
1
1957
K
nlck
T
r
Co,
N
Y
&
B alt
Georgia & Florida Term M $200,000 g u a ra n te e d ...
_ 1910
135,000
6
Georgia Florida & A labam a— First m tge gold M a.c T ext 1904
1,000 1,732.000
5g J
M
anhattan
T
ru
st
Co,
NY
Georgia M idland Ry— F irst M gold $1,650,000 Int guar
98 1896
1,000
1.650.000
3 K A A O Apr 1 1946
J P Morgan & Co, N Y
ueorgja Pacific—See Southern Ry
Georgia Railroad & Banking Co—S tock — ............—
307 _ .
100
4,200,000
o
—,r
15 1911 3? A ugusta. Ga
B onds refundings n ot m ortgage cu rrency ................. c* ... 1897
1,000 1,000,000
r A J Apr
’ 1 1922
Am Ex N at Bk, or Aug
Bonds not m ortgage ($200,000 are 5s) . .............. .... _ '8 2-’87
l .000
500.000
1 1922
do
do
Bonds not m ortgage currency___________________ c*
1907
1,000 1.000.000 5 4A 6 jJ AA JJ
1 1947
Am Exch N at Bk, N Y

FORT WORTH & DENVER CITY RY.— {See Mat) Col. So.)— F t. W orth,
T ex., to Texllne, 454 miles. Owns securities of F t. W. & Den. Term . R y.
J°P*0,835,008
o K<!,^0^ Colora.
rto & South
■ R >’-ped
Junestock.
30 1010V.owned
b ut 75
*24,484
of ?the
com . Issued
and stam
03, p all1003
... P aym ents under stam ped stock agreem ent of O ct. 12 1895' 2"'„ In -98­
'99. 2% : 1902, 2% ; A pr. 1903, 1904, 1906 to 1011, 4% each
'
BONDS.— A bstract of m ortgage, V. 45, p. 440. Certfs. of Indebtedness
owned b y Colo. Sou. Ju ne 30 1910, 5299.917. E quipm ent tru st, V. 82,
p .» l‘q 1: V. 84. p. sp 8 - E quipm ent trust 5% notes of 1908, due s.-a. to
Ju n e l 1913, *05,000. Pullm an equip, leases, A pr. 1 1911, $454,508
The F ort W orth A Denver Term inal R y. authorized an Issue of *2,500.000
30-year 6% bonds d ated Dec. 1 1907 (M ercantile T ru st Co., N. Y .. trustee),
su tijem to call at 105, of which *728,000 have been Issued. *300.000 sold and
*428,000 held by F t. W. & D. C. R y. V. 80, p. 52, 1100, 1589: V. 87, p. 949.
E A R N IN G S.— 8 m os.,/1910-11___ Gross, $3,742,547; net, *1,457,028
July 1 to Feb. 28. 11909-10____Gross, 3,007,594: n et, 1,548,225
P res.. Geo. B. H arris.— (V. 82, p. 1156; V. 84. p. 508.)
GAINESVILLE M IDLAND RY .—Owns Gainesville, G a., to A thens, 42
miles standard gauge, and Belm ont to M onroe, 32 miles, narrow gauge.
Organized July 5 1904. V. 79, p. 151, 209, 500, 027. Stock, all outstanding.
*550,000. Of the 1st 5s of 1905 (51.000.000 authorized), *14,000 Is re­
served to retire old 0s and *299,000 for extensions. V. 81. p. 1848. The
Savannah T rust Co. Is m ortgage trustee. V. S I, p. 1375. 1550. Y ear
ending Ju ne 30 1910, gross, *150.891: net, *37,200: Int., taxes, Ac., *45,805; bal., dcf., *8,599. Pres., Geo. J . Baldwin.— (V. 91, p. 1574.)
GALVESTON H ARRISBURG& SAN ANTONIO RY. — (See M ap Southern
I actftc.)— Owns G alveston, via H ouston, T ex., to cast bank of Rio G rande
R iver, 833 miles; Bccvllle to Rosenburg, 147 miles; San A ntonio to P ort
L avaca, 136 miles; Magcrs to W est Shore, G alveston Bay, 46 miles; P ort
. oooCa* ktockdale to Cuero, 46 m .; branches, 174 m .; trackage, 3 m.; total.
1.338 m . Southern Pacific Co. owns $27,050,100 of the $27,084,372 stock
(par $100). A consolidation In 1905 w ith the N. Y. Texas A M exican,
£?,!v y G °uston & N or.. &c- v - 79. p. 2642; V. 80, p . 1424; V. 81. p. 211,
608, 1242; V. 83, p. 1528. Due So. Pac. Co. Ju ne 30 1910, $10,391,263.
BONDS.—The shareholders voted in M ay 1910 to m ake a new m tge.
to secure an Issue of $10,000,000 30-year 0% bonds on the properties ac­
quired In 1905 and the new line from Stockdale to Cuero, T ex., 47 miles, a
p art of th e issue to be reserved to retire the outstanding bonds thereon.
V. 90, p. 914. In Ju n e 1910 applied for perm ission to Issue $5,384,000 of
the bonds. V. 90. p. 1554.
W estern DIv. 2ds ($6,354,000) by agreem ent arc treated as Income bonds:
V. 58, p. 719: V. 84, p. 803: V. 88, p. 1437. Equipm ent bonds, $1,558,000
(>s. owned by Sou. P ad lie. V. 76. p. 1300: V. 77, p. 2160. Sou. Pacific
Co. proprietary com panies and sinking funds of latter also own $842,000
M atagorda DIv. 1st M. 6s of the old New Y ork Tex. A Mex. R y., $2 224 000
Gulf W est Tex. A Pac. 1st M. 5s. $800,000 Galv. Hous. & Nor. 1st M. 5s
and $1,110,000 o ut of a total of $6,354,000 W est. DIv. M. A P. ext. 2d M Os’
$4,728,000 G. II. & S. A. E ast. DIv. 1st 6s (extended), due Aug. 1 1935, are
also owned by So. Pac. or sinking funds of proprietary cos.
EA R N IN G S.—8 m os..(1910-11____Gross. $7,477,442; net, $2,204,307
July 1 to Feb. 28. U 909-10____Gross, 7,113,351; n et. 2H22I352
ending Ju ne 30 1910: Gross. $10,699,379; net. Incl. oth. Income.
$3,191 290: charges, $2,482,796; bal., su r., $708.500.— (V. 90, p. 372, 914
1554; V. 91. p. 38. 336: V . 92. p. 187.)
GALVESTON
HENDERSON
G alveston,
T ex., HOUSTON
to H ouston,&T ex.,
50 miles. RR. OF 1882.—Owns from
O RG A N IZA TIO N .—T heM . K* A T. and International & G reat N orthern
have had trackage rights since Dec. 1895 under a contract providing for pay­
m ent to m tge. trustee of $100,000 yearly to m eet Interest on G. H . A H.
bonds and an additional rental of $24,000 per annum for dividends or other
purposes—see V. 61. p. 1064; V. 63, p. 697. D ivs., M ay 1904 to 1906, 4%
yearly:V.slnoc
—sec
61, toP.June
1013.30 1910, none. M. K . A T . owns 4,999 shares of stock
^1
H 00* For year ending June 30 1910. gross.
inT
5 i24,0®S; other income, $163,252; taxes, $37,006; bond
m 4 * 100,000: other charges. $30,087; b al., su r., $100,245.— (V. 65. p.
rp/.1A
R Y.— Owns extensive term inals a t Galveston.
u
0 7 T rl«Jty & Brazos Valley R y., which owns practically all the
iiQ£ L i r .r i f i K Gal.veston
. ° wns
a Iarge freight
andabout
warehouse
andofabout
w ater-front.
In Jadepot
n . 1910
27 miles
m ain
'/£?
JKJVnrJnfSSh
a»
d
bc?n
.c.
O
IJlPJe^cd
•
Stock
a
u
th
..
$25,000.
Of
6s
(^j,0()(L000 auth . Issue), $1,106,000, guar. Jointly by the Ch. R . I. the
A P.1stand
nR . II.
TT&R«ir’
^
v
1? d r nKNooV- ,0 8* v * S6, P- 1100. 1589: V. 87, p. 1478. P res.,
B aker, V .-P., John Scaly.— (V. 86. p. 1100, 1589: V. 87, p. 936.)
£ NORTHERN
RR.—1909.
Owns In
fromS ept.
G arden
K an., to Scott City, 40 Emiles,
com pleted Dec.
1910 City,
con­
tracts let for extension from Scott City north 55 miles and south from G ar­
den City to Liberal, K an., 70 miles. Stock authorized, $5,000,000; present
Issue, $600,000, par, $100. The first 6s ($5,000,000 authorized issue) arc
lim ited to $15,000 per mile; Commonwealth T rust Co., S t. Louis, m tge.
trustee. V. 89, p. 918. Pres., B. M. McCue; V .-P. and Gen. M gr., E . A.
Tennis; T reas., T hos. L ynn, Garden City, K an .__(V. 89, p. 918.)
rn P E iN.ESfiE
l NP W - R e t s o f . N. Y .. to P ittsburgh & Lehigh
\% }n i& £ e t 3 0 t ™?SF?llle* i m *: branch, 2 m .; to tal. 16 miles.
?9?n
«
^
??o
0n°i):opo
f.
*
”
°P
;n A nrS'.or.° n \(?,?t - 18^ to 1902. incl., 5% yearly;
1 JOJ, 8 / 0 , 1904, 8 % . 1905 to A pr. 1910, 4% yearly (s.-a )• Aug 1910 1 K%*
N ov.. 1 H% : 1911, F cb „ 1 H % - Y ear 1909-10. gross $103 547- net $ 71 ?.‘9: ‘&a ^rrcas.,
S aI 3 W
i i b Bn arnard,
" sur i *39
' So>rra-;
1!- (V.
Puller'.
Sec.
W.9 II.
2 Ra 65?
ector
t., N. MY .—
76, SoranroiilP#'.:
p. 1248).
G E N E V A C O R N I N G A S O U T H E R N .- ............................

P a.. 109 miles: branch to Ulysses, P a., 40 miles; Stokcsdale je t.. P a., to




New berry Je t., 75 m .; Penn Y ann, N. Y ., to D resden, 6 m .; other branches,
1 in.; to tal, 232 m . A consolidation In Feb. 1909, V. 88. p. 1002. Stock,
com ., $2,325,000: pref., 4% cum ., $5,000,000; par, $100. Leased to N . Y.
Cent. A H ud. RIv. R R . from April 1 1909 for the term of Its corporate ex­
istence, or any extensions thereof, the rental covering 4% dividends on the
pref and 3 H % on the com. stock.V . 88. p. 822. 1061- V. 89, p. 286. The
N. Y. Cent. & H ud. R lv. R R . owns $1,820,800 of the $2,325,000 com m on
stock and the $5,000,000 first pref. stock. V. 90. p. 54, 167.
Pine Creek 6s are guaranteed by R eading and N. Y. C entral Jointly and
scvcraHy. .See form of uuaranty, V. 50, p, 050. The road Is m tged. to
secure an authorized Issue of *10.000.000 50-year 4% bonds of th e N. Y . C.
hssurpcd by the Geneva Cornlnq A S outhern, to be used to
tei ? m dJ n e ,Indebtedness and bonds for Im provem ents. In M ch.
n000
m .Syracuse
q^!!lvt;RP9 Geneva
r?0I,ds w?ri“
authorized
be bonds.
Issued for~ retirem
ent
*
____Iof *600.A Cornlne
2d mtotge.
' ....................
V. 88,
p. 1127, 1313;
V. 89, p. 162.— (V. 89. p. 286; V. 90. p. 167.)
f;a ' ^ 8 ? V,IJJJes•i fcom
l hpleted
. J In" July
^ T 1906.
R R ,— EStock,
xtends *1,000.000.
from D arien toT he
Collins,
con:
mllo am l s T ffln r5. mirn
*3'®°°.°00) are Issuable a t *10.000 per
e a rn e d a n t?
J n additional for equipm ent when the property has
t?rm
h!als,
r su?fmh-nt
o?f,h
r est ctbeing
arKC3:also
*200,000
used the
to acquire
^ rm in
ais.su
rric lcn t of
the„ CfIssue
reservedm ayto beretire
1st 5s,
v • P- 8U*• ln G et. 1907 the com pany was authorized to Issue $2 570 000
G EORGIA F L O R ID A & ALABAMA RY. — Owns R ichland, Ga., to
Tallahassee. Fla , 133 miles. Including 26 miles opened Sept. 1909: T illahassee to Carrabelle, on the Gu t of Mexico, 51 miles: branch, H avana
I'la., to Q uincy, 12 miles; to tal, 196 miles. Also operates steam er line
from Carrabelle to A ppalachlcola, Fla. Stock, *350.000: oar. *100 In
Ju ne 1909 President W illiam s, It was reported, purchased the m inority
s to c k a n d p r a c tic a lly a ll o f th e o u ts ta n d in g b o n d s . V 8 8 n 1437 itmuiJ
see tabic above. C urrent liabilities Ju ne 30 1909, *668 758 The stock
holders on Nov. 13 1906 authorized *1,225.000 5% non-oum pre stock on
108Kstock
miles.had
thenbeen
operated,
per mile for additional mileage- “ o
new
Issued wtoithJu*8.000
ly 1909.
For year ending Ju ne 30 1910. gross, *417.756- net *77 225 In tonst.
g n .ero ss. *401,761; n et, *63,277: other licom e, * lO .O sl ln t taxM Ac
7 6 3 - not: i?Q R7 ie f*' &66,37^ r,F « r ^ ar end!ng Juno 30 1908, gross, $471.'nci* $39,571. P r e s ., J - W illia m s ; Sec. a n d T reas.,* J . L. NIsbet
O ffic e , Savannah, Ga.— (V. 88, p. 1437.)
GEORGIA & FLORIDA RY.— Owns from M adison, Fla. (40 miles from
Gulf of Mexico), to K eysvllle, Ga., 224 miles; trackage, Kcysvllle to Au­
gusta, Gji ., 26 m .; branches. 78 m .; total June 30 1910, 328 m . On Dec. 4
1910 acquired Sparks W estern R R ., Sparks to M oultrie, G a., 22 miles,
com pleted April 1911, and operates It as n art of Sparks branch. Owns
stock of Georgia A Florida Term . Co., which provides term inal facilities at
A ugusta and V aldosta and guarantees Its 1st M. 6% bonds ($200,000 auth
Issue). A consolidation In Aug. 1907 of Mlllen & Southw estern and other
roads, acquired by syndicate organized by M iddendorf, W illiams & Co and
Intcrnat. T r. Co. of M aryland and John L. W illiams & Sons, Richm ond' Va
V. 82, p. 1211; V. 85, p. 345; V. 87. p. 480, 936, 1533; V. 88. p. 681.’
STOCK, AC.— Common stock, $15,000 per m ile and non-cum ulatlve prefn n ’°°AV*
£ ta on
n d lnpref.,
g ,Ju lycom1010.
mon, $5,016,800;
$3,3o8,30p.
A fter0 «4%
mon com
Is entitled
to 4 % , thenpreferred.
pref to
2% audltlorm l, then com mon to all other earnings. Bonds to be lim ited to
*A2.00(LOOO a t $20,000 per mile, of which $5,000,000 underw ritetn In Ju ly
1907. V. 85, p. 221, 530. Car trusts June 30 1910, $208,273.
*
R E P O R T .— For year ending June 30 1910 In V. 92, p. 114, showed (273
HYfra£
tft°rS8, IS516’8?6;
Income,
$132,449;
$43,444:
bal., 8u?rpJ.,,,«SA
$80,005.
res., John »ct
Skelton
Williams;
Sec.,charges.
C. T . Williams*
T reas., R uthcrfoord Fleet.— (V. 92. p. 59. 114, 460, 594.)
'
,,
M IDLAND RY.—-Owns road from Columbus to M cDonough.
G a.. 98 miles Leased from July 1 1896 for 99 years to the Southern Rallw ay Co. for $49,600 annual rental (being interest on the first m tge bonds,
Ac.) and $2,500 for Columbus term inal property. .Stock Is $1 000 000
owned by Southern Railw ay Co.— (V. 63, p 361; V. 82, p 751.) U ’
GEORGIA RR. & BANKING CO.—Owns front A ugusta Ga to A tlanta
G a., 171 m.; branches to W ashington and A thens *>8 tit • Macon A A ugusta
o?a.
G, V ° M acon.
74 m“ '" tS k « £e"A'm j
? ioowning
w n ln ? Hi
pp half), also ofa K
cstern
C entral
RT y.
thenoTb
other
47%
Interest of
In Ala.
A tl. A(theW est
P oint.of Ga.
fV nta n f 7 J \ 1n,ilho0ai,ls leased for 99 years to W. M. W adley et al for the
i s o n ' t i i o ? tf& cJN'°^ lhl,sv'
* Nheld
ashv..
a t $600,000
t In April
iJ I m *
v . was
to have
acquiredperallyear,
rightsb uunder
the
v
A to n lo Coaxt Co. July 1899 acquired half Interest. V. 68. p. 722;
n oqi P v tm 5n 1:--n ' 70.' p . 125- T ax decisions. V. 85, p. 160, 1339: V. 86
; n,l. V
; 5 . n ,I n Ar"x - 1008 sol(l *1.000.000 40-year 4% debenture
tv ($1.)8,*.00) of 6.stock
d!'cof Georgia
1 191°- R ailroad
v - s7 ' .!?•B ank.”
226. 285. Owns a m ajo, Hilty

5 n e ,n ,l’4 D;S 188u t0y S ? ly 19U
R tr truste D°eo.M1910P
1 fr° m 11 t0 12% ' V ' 92' p - 179r>'
[n lv V 'to 1?,?,8 .)o07omllc3) '—l 19 IO-11 - -Gross, *2.217,802; n et. *575,544
Ju ly 1 to 1 eb. 28, 8 months.) 1909-10 .G ross, 2,080,169; net, 577,324
* 8 qY 683 “dn th e rl| n eo ^ >r
cndlnk June 30 1910, eross, *3,010,957; net
rental to Ga. R R . A B kq.C p,, *600,000;

APB., 19U.j

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, &c., sec notes on first page]

M iles Date
Road Bonds

Georgia Southern & Florida—F irst pref stock redeem
Second preferred $1,084,000 5 % . . . . . . . . .
First m ortgage gold $4,000,000 ___ ____ MeBa.c*
285 1895
F irst consol m ortgage $10,000,000 gold... -N.c*<fcr 392 1902
E quipm ent trusts Ser A and B $37,000 due seml-ann
’02-’06
E quipm ent tru st Ser C due $25,000 sem l-ann _ Eu
1910
G ettysburg & H arrisburg—South M t first m ortgage..
1877
G ettysburg & H arrisburg first m ortgage old issu e ..
1882
Consolidated m ortk tte 5505,01)0 cold (see text)
35 1891
Gila Valley Globe & N orthern—See A rizona E astern RR
Goshen & D cckcrtown— 1st & 2d M ($60,000 are 2ds)
12 '88-'89
G ouverncur & Osw cgatchic— 1st M gold gu p & l.U n .c
13 1892
G rand R apids & Indiana Ry— Stock $6,000,000__
F irst M m ostly land grant gold extended lii 1899 c* 335 1891
F irst M extended gold guaranteed by Penn R R c* 335 1891
Second m ortgage $5,000,000 gold______________ c*
387 1896
G rand R apids & N orthw — 1st M $5,000,000 gold. _(iP
1908
Grand 1runk Pac— I'lrst M £ guar Can Govt (text)c& r 1,755 1905
Prairie Section M (Ser A) £2,100,0001 euar n and 1 910 1905
M ountain See M (Ser 11) £2,050.000) bv G rand
839 1905
Lake Superior Dlv 1st M $ 1,550,000J T runk
D ebenture stock $25,000,000 red a t 105 after 1936 188 1905
Loan $10,000,000 secured by m tge on Prairie section
1909
G rand T rk Pac branch lines 1st M guar, see tex t c*
1909
G rand Trunk Ry—Consolidated stock £23,318,309 .
1882
4% guaranteed stock non-cuinitiative £12.500.000.
1884
F irst preference 5% stock £3,420,000______ _____
’73-’74
Second preference stock £2,530,000. . ’73-’74
T hird preference 4% stock £7,168,055........................ 3,512

Par
Am ount
Value Outstanding

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

$100
100
1,000
1.000
1,000
1.000
1,000
1,000
1.000
500 (See
1,000
100
1.000
1,000
1,1)00
1,000
£100 &c
£100 &c
£100 &c
£100 &c

$684,000 5 In 1910 M A N May 10 1911 2 'A M T & D Co. Balt: <5c N Y
1,084,000 5 in 1910 M & N M
10 11)11 2)4
3,838,000
5 g J & J Ju ay
ly 1 1945
2,000,000
J Ju ly 1 1052
4g J
111,000
& S Sept ’ 11-Sept’ 12
4)4 M &
S To Mch 15 1920 E quitable T ru st Co. N Y
450.000
4M g AM &
100,000
O Apr 1 1898
5
250,000
A & O O ct 1 1912
0
215,000
5
A & O Oct 1 1926
6
246,500
Various 1928-1929
300,000
5 g J & I) J u h e l 1942
5,791.700 See text A & () Apr 25 1910 1 'A Office Grand R ap , Mich
920,000
3)4 g .) & J Ju ly 1 1941
W inslow,Lanlcr& Co.N Y
4,455,000
& J Ju ly 1 1941
do
do
4)4 S JA &
4.750,000
O O ct 1 1936
4g
Philadelphia, Pa
740,000
5 g V & A Feb 1 1958
Philadelphia & Chicago
£7,200,000 3 $ or £ J & J Jan 1 1962
£2,100,000
4
A & O Apr 1 1955
£2,050,000
4
A & O Apr 1 1955
A & O Apr 1 1955
£1.550,000
4
£4,000.000
M & S
4
9 N Broad S t,L ondon,E C
Scml-an 1919
See text
4
M <& N 1939
£100 &c £2,292,100
4
£22,475,993
jC10C
£100 £10,540,011 4 In 1910 Semi-an May 5 1911 2°;, Check from Co’s Office
do
do
£100 £3.420.000 5 for ’10 Seml-an May 5 1911 2 A
do
do
£100 £2,530,000 5 for ’10 Sem l-an May 5 1911 2 A
do
do
£100 £7.108,055 See tex t Yearly May 5 1911 A

G EO RG IA SO U TH ERN & F L O R ID A RV. -(.See M ap o f Southern B u .) —
Owns from M acon, G a., to P alatka, F la., 285 miles; on Nov. I 1902 pur­
chased A tl. V. «fc W. R y., V aldosta, G a., to Jacksonville, F la., 107 miles;
trackage Into Jacksonville, 8 m.: total, 895 m. V. 00, p. 928: V .7 9, p .5 5 1 .
Also owns onc-clghth of stock of Jacksonville T erm . Co. V. 77, p. 020.
In 1908 the stock of the Hawklnsvlllc & Florida Southern tty ., W orth to
H aw klnsvlllc, Ga., 41 m .. was purchased, $810,000 first m tge. 5% bonds
being guaranteed, prln. and Int. V. 79, p. 2585.
D IV ID E N D S.—On 1st pref., ’90, 4% ; *97 to M <y 1911, 5% yearly. On
2d pref.. In ’97. 2% ; ’98. 3% ; ’99, 3% ; 1900 to May 1906, 4% yearly; Nov.
1900,
1907 to May 1911, 5% yrly. Common stock Is $2,000,000.
BONDS.— F irst m tge. of 1895 (A bstract, V. 61, p. 429) provides th a t th c
$684,000/7rsf pref. stock shall be a lien second only to thc bonds and coupons*
Thc first consol.4s of 1902 arc for thc authorized am ount of $10,000,000.
of which $4,684,000 are Issuable to retire the $4,000,000 5s and $684,000 1st
pref. stock and $3,316,000 arc reserved for future needs. V. 75, p. 980.
LA TEST E A ttN IN G S .— / 1910-11___ Gross, $1,637,915; n et, $401,861
8 m os., Ju ly 1 to Feb. 28.11909-10___ Gross, 1,597.596; net. 406,522
R E P O R T .— Fiscal year ends June 30. R eport for 1909-10 In V. 91, p.
1247, showed: Gross. $2,322,158; oper. Income, $425,166; other Income,
$57,988: Int. on bonds, &c.. $332,029; dlv. on stock, $88,400. In 1908-09,
gross, $1,996,937. Pres., W . VV. Finley, N. Y .— (V. 91, p. 1247.)
GEO RG IA SO U TH W E STE RN & G U LF R R .— Projected to extend from
A lbany, G a., southw est to S t. Andrews Bay, F la., on the Gulf of Mexico,
w ith branch to Dawson, Ga. In Feb. 1910 acquired control of th e Albany
& N orthern R y.. extending from A lbany northeast to Cordele, 37 miles, the
$400,000 A lbany & N orthern 5% bonds being deposited as collateral for
p art of purchase price. V. 90, p. 109, 502. Stock a u th ., $4,000,000. In
N ov. 1908 filed a $4,000,000 m tge. to Carnegie T ru st Co. of N. Y. to secure
5% bonds, Issuable at $20,000 per mile. Pres., W. M. Legg, 534 W ashington
A ve., M acon, Ga.; Sec. and T reas., H . J . B ruton.— (V. 90, p. 167, 502.)
G ETTYSBURG & IIA R R ISB U R O R Y .— Carlisle to G ettysburg, P a.. 31
m.; branch to R ound T op, P a., 3 m .; branch Pine Grove Furnace to H un­
te r’s Run, 8 m. (H unter’s R un & Slate Belt R R ., which was taken over
Oct. 31 1910). The R eading Co. owns $545,300 of the $600,000 capital
stock; $535,000 deposited under Its gen. m tge. of 1896. The consol. 5s of
1891 were guaranteed by Philadelphia & R eading R R . (foreclosed).
GILA V A LLEY GLOBE & N O RTH ERN R Y .— Consolidated F eb. 1 1910
with A rizona E astern R R ., incorporated Feb. I 1910.— (V. 90, p. 447.)
G O U V E R N EU R & O SW EGATCH1E R R .— Owns from G ouverncur to
E dw ards, N. Y ., 13 miles. Stock, $350,000, all owned by N. Y. C entral,
which guarantees thc bonds. See V. 55, p. 810, and V. 56, p. 501.
G R A N D R A P ID S & IN D IAN A RY .— (See M aps of Pennsylvania Illi.) —
Owns from F ort W ayne, In d ., to M ackinaw City, 367 m .; branches, 65 m.;
total owned, 432 miles; operates the following roads, but has not assum ed
the old com pany’s leases thereof: Cln. R ichm ond & F t. W ayne R R ., 86 m .;
T raverse City R R . (nearly all the stock and all thc Income bonds owned),
26 m .; Muskegon Grand Rapids & Indiana R R ., 37 m .; T raverse City
Lcclcnau <fe M anistlquc R R ., Traverse City to N orthport, M ich., 30 miles
duel. 6 m . trackage). See V. 74. p. 777; V. 76, p. 811; V. 82, p. 988, 1098.
H IST O R Y .— Successor Aug. 1 1896 of G rand R apids & Indiana Railroad.
foreclosed under second m ortgage, per plan In V. 63, p. 153.
STO CK.—Stook, $0,000,000, of which Pennsylvania Interests arc sup
posed to own all or nearly all. Penn. Co. on Ja n . I 1911 owned $2,902,600
D IV ID E N D S.— 1900, 1%; 1901, 2% ; 1902 to April 1910, 3% (yearly)’
O ct. 1910, none. See V. 91, p. 1160.
BON DS.—The first m tge. bonds extended a t 4
are endorsed w ith thc
g uaranty of the Penn. R R . Co. to purchase the coupons as they m ature, and
the bond Itself a t m atu rity . Sec guaranty, V. 50, p. 049; V. 69, p. 1193.
Of the 2nds, $888,000 were owned Ja n . 1 1910 by Pennsylvania R R . and
$2,987,000 by the Pennsylvania Company.
R E P O R T .— R eport for 1909 In V. 90, p. 1166. In 1909 carried 2,974,368
tons of freight, of which 37% was lum ber, &c., and 22% coal and coke.
Year ending Dec. 31—
1910.
1909.
1908.
1907.
Miles o perated ----------------------------432
436
426
Gross Income..............................$4,140,984 $3,918,371 $3,498,148 $4,149,094
N et over expenses and ta x e s. 549,134 827,739 727,751
801,299
O ther Income, $41,396; Interest and other charges, &c., $566,519; bal.,
sur., $24,015— (V. 90, p. 1166; V. 91. p. 1100.)
G R A N D R A P ID S & N O R TH W E STE R N R R .— To extend from G rand
R apids, M ich., to Ludtngton, 95 miles. Stock, com m on, $2,500,000; pref.
6% cum ., $500,000; par, $100. Of the bonds ($5,000,000 authorized
Issue), $1,000,000 is reserved for extensions and Im provem ents. V. 86,
p. 1529. Pres., M arshall F. B utters; T reas., Geo. N. Strays; Sec., Sam uel
TaplUT. Office, Ludlngton, M ich.— (V. 86, p. 1529.)
G RA N D T R U N K PA C IFIC RY.— (See M ap.)— 1T his new trans-continen­
tal railw ay across C anada has received thc approval of thc Canadian Govern­
m ent and will be carried through w ith thc Joint financial support of the
G overnm ent and thc G rand T runk Ry. Co. of C anada. It will consist of a
m ain line of an estim ated length of about 3,550 miles, from M oncton, New
Brunswick, to Prince R upert, B. C.. on Pacific O cean, about 30 miles south
of southern boundary of A laska, w ith branch 188 miles, viz.:
1. Leased Line, to lie B uilt by Canadian Government—
M iles.
E astern D lv., M oncton, N. B ., via Quebec to W innipeg, about - .1,800
(To be leased for 50 years to G rand T runk Pacific Ry. Co.— for
first 7 years a t cost of operating only and for rem aining 43 years
at .3% on cost of construction) (but see V. 80, p. 997).
2. Western Division, B uilt and Owned by Company—
a. Prairie Section, W innipeg to R ocky M ountains, ab o u t. ----------- 916
b. M ountain Division, Rocky M ountains to Pacific Ocean, ab o u t. _ 839
3. Lake Superior Branch, B uilt and Owned by Company—
T hunder Bay on Lake Superior to Junction with E astern Division,
cast of W innipeg (com pleted In Novem ber 1908)............................... 188



Rate
%

57

Of the Prairie Section, W innipeg to E dm onton, 793 miles, was com pleted
Ju ly 1909; from Lake Superior J e t. to W innipeg, 245 miles, was opened
Sept. 1910: Edm onton west to Edson, 130 miles, was opened Feb. 1910.
On m ountain section, from Wolf Creek to Edson, was com pleted Sept. 1910,
m aking w ith Lake Superior branch, 1.356 miles of continuous line in oper­
ation; 100 miles cast from Prince R upert was com pleted early In 1909 and
contracts let for 314 miles additional. C ontracts have been let on all other
portions of thc road to be built by thc G overnm ent. V. 84, p. 1052; V. 865,
p. 794, 1100; V. 87, p. 677. 873; V. $9. p. 224, 1217; V. 92, p. 950. Leases
W innipeg term inals. V. 89, p. 666.
O R G A N IZA TIO N .— Incorporated by C anadian Legislature in 19'):’,. See
full statem ent In V. 80, p. 996; V. 81. p. 1315. As to Grand T runk Pacific
B ranch Lines Co., see V. 90, p. 1044 (also bonds below); V. 82. p. 333;
V. 86, p. 1100; V. 88, p. 295. 822, 1372, 1437. New lines, V. 89. p. 1482,
1562: projected, V. 91, p. 1327. In March 1911 contracts were let for 8
branches In the w estern part of C anada, to be com pleted this year, aggre­
gating 619 miles. V. 92. p. 881.
STO CK.— A uthorized, $45,000,000 (par of shares, $100 each), of which
the $25,000,000 com mon Is owned by the G rand T runk Ry.
BONDS.—Thc C anadian G overnm ent agreed to guarantee 3% 1st m tge.
bonds for an am ount up to 75?o of th e cost of construction of thc W estern
division, such am ount (a) In the ease of thc Prairie Section n ot to exceed
$13,000 per mile, or £3,210,000 In all; and (b) three-quarters of total cost
per mile from thc m ountains to Pacific C oast, called M ountain Scotlon.
T otal Issue lim ited to £14,000,000; Royal T ru st Co., C anada, trustee. In
Ju ly 1910 £5,200.000 had been sold and £2,000,000 was offered In Lobdon
a t 8 2 payabl e O ct. 25 1910. V. 80. p. 996, 1234, 1363; V. 81. p .r507.
613: V. 89, p. 224, 286; V. 91. p. 214, 276.
Scries "A ” (Prairie Sec.) 4?o bonds, total Issue lim ited to £2.100.000, and
Series " B ” (M ountain Sec.) 4% bonds, not to exceed £2,050,000, are secured
by a second m tge. (N ational T ru st Co., T oronto, trustee) on thc railw ay,
equipm ent and tolls of the co.. Including Its leasehold Interest in the E astern
Division, but not branch lines exceeding 6 miles In length, ships, grarjts of
lands (other than for railw ay purposes) and thc rolling stock of the East^DIv.
or of the above-m entioned branch lines of over 6 miles. These bonds are
unconditionally guar, as to prln. and Int. by th e G rand T runk R y. Co. • See
form In V. 80. p. 996; also see V. 80. p. 996; V. 86, p. 794; V. 90. p. 1165;
V. 92. p. 725.
A lthough the m ortgage to secure the 3% bonds guaranteed by the Govern­
m ent ranks before the m tges. securing A and B bonds guaranteed by the
Grand T runk R y. of C anada, yet an agreem ent schedule to an A ct of :1904
provides In effect th a t In the event of default by the com pany for 6 years In
paym ent of thc Int. on the 3% bonds, th c rem edy of the G overnm ent shall
be to p u t In a m anager w ith thc concurrence of th e com pany to operate thc
W estern Division and to collect and d istribute net earnings of each particular
division pari passu between thc holders of the bonds guar, by the G ovt,
and thc holders of thc bonds guar, by the G rand T runk R y. Co. In thc pro­
portion of 75% of such earnings to the holders of the Govt bonds and 25
to thc holders of thc bonds of this division guar, by the G rand T runk Ry** Co.
I n ’M ay 1909 the Dominion G overnm ent .agreed to loan not exceeding
$10,000,000, repayable In 10 years or a t any tim e on 6 m onths’ nqtlcc.
Interest thereon to be 4 % . payable sem i-annually, secured by the com ­
pany's bonds to thc sam e am ount, m aturing 1919, guar. prln. and in t. by
thc G rand T runk, under a m tge. on thc Prairie Section, subject to existing
prior liens. V. 88, p. 822, 1194, 1061, 1253; V. 90. p. 1165.
Lake Superior branch bonds, total Issue lim ited to £1,550.000. are se­
cured by a 1st m tge. on all the 188-mile L ake Superior Dlv. and are guaran­
teed, prln. and Int., by thc G rand T runk R y. Co. (V. 80, p. 996.) .
In 1909 A cts were passed by the provinces of Saskatchew an and A lberta,
authorizing the respective provinces to guarantee, prln. and Int., a t the-rate
of $13,000 per mile, first m tge. bonds to n e Issued by the Grand Trunk Pacific
Branch Lines Co. for thc construction of new line?, viz., 670 miles In Sas­
katchew an anti 491 In A lberta, to be worked under agreem ent by the G rand
T runk Pacific R y. Power Is given to Issue additional bonds up to $2,000
per mile, m aking $15,000 per mile. In April 1910 £1,270,500 guar, by
Saskatchew an were offered a t 98J4* V. 90, p. 1044, 1165; V. 88. p. 1437.
D E B EN TU R E S T O C K — In 1906 $25,000,000 debenture stook was au­
thorized. of which $15,000,000 (£3.000,000), Int. guar, by the G r. T r. R y.
under certain conditions (see V . 84, p. 570), to be Issued as perpetual deb.
stock; of tills, £3,000,000 was sold In 1907 to 1909 and £1,000.000 was
offered in Ja n . 1910 a t £92 H* V. 88. p. 624; V. 90, p. 303.
O FF IC E R S.— Pres., C harles M. H ays, M ontreal, Can.; Sec., Henry
Philips; T reas., Frank S co tt.— (V. 91. p. 518; V. 92, p. 725, 881. 950.)
GRAND TRU NK RY. OF CANADA.— (See M a p .)— Quebec, Can , via
M ontreal to Cldc., 111.; also to P o rtlan d , Buffalo, D etroit, Toledo. &c;
REPORTED SEPA RA TELY.
SYSTEM P R O P E R .
M iles
M iles. M ajority stock owned.
2,952 C entral V erm ont*________ __ 531
Lines ow ned------------G rand T ru n k W estern*------- . . 336
Leased—partly owned.
E ntire stock owned.
A tlantic & S t. Lawrence, P ort­
land,M e.,to Island Pond, V t. 165 D etroit G rand H aven & M il* .. 191
90
Buffalo & Lake H uron--------- 164 Tol. Sag. & M uskegon______
Clncin. Sag. & M ackinaw ---------- 53 Jointly owned:
O ther lines................................... 202 D etroit <Sc Toledo Shore Line . 79
T otal In earnings........................3,536 T otal ro a d _______ _____ _ 4,769
Car ferry, G rand H aven to M ilwaukee. *Scc sep arate statem ent this Co.
As to G rand T runk Pacific R y., see th at com pany above. V. 79. p. 2587
On Sept. 30 1905 began operating C anada A tlantic Ry. and g uar., prln.
and in t.. Its 4% bonds. V. 79, p . 967, 1331. 1041. 2455, 2620; V .85. p. 000.
In 1909 purchased stock of Pontiac Oxford & N orthern, P ontiac. Mich,
to Caseville, 100 m . V.89, p. 1542, 1347.
The Southern New England R y. was chartered In April 1910 to build from
Palm er. Mass., a t a connection with th e C entral V erm ont, to Providence,
R. I., where It Is planned to construct an extensive dock system , giving
the Gran:l T runk a through line via th e C entral V erm ont from fM ontreal
to Providence. V. 91, p. 154; V. 90, p. 447, 1044.

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RAILWAY STOCKS AND BONDS

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62

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page)
G rand T runk R ailw ay— (Concluded)—
D ebenture stock £ 4 ,2 7 0 ,5 7 5 ..............

Miles Date
Road Bonds
3,512 (1874
(1874
11869
836 !4 Var
490 H USDS
11884
455 1882
1901
- -- 1906
326.5 1900
10 0 1896
1911
2,549 1883
2,549 1883
2,549
420 1887
818 1890
1901
1901
3 1882
3 1882
285 1898
260 1887
433 1888
2 1891
132 1889

Par
Value Outstanding

Rate
%

[ VOL. LX X X X ll

When
Dividend Places Where Interest and
Payable Last
and M aturity Dividends are Payable

£4,270,375
5
J A J 14 Irredeem able
£17,221,571
4
able
£373,00(1
J Q—J
6
A J Irredeem
1 1919
Glyn, Mills, Currie A Co
£2,723.080
F A A July
5
Irredeem able
London
N orthern R y third preference A & B bonds______c
£
14
.(MX!
A
6
A
O
Irredeem
able
• D ebenture stock 4% perpetual £425,850.
F
£325.715
4
A
A
Irredeem
able
M idland of C anada cons 1st M £3,164.700____ i
£ 1 0 0 £1,016,506
5
J A .1 Jan 1 1912
New E ngland Elev 1st M g gu due $10,000 yearly
$310,00(1
1.0 0 0
3*A g J A J Ju ly 1911-1941 U nSDATrCo, P ortl’d, Me
M ontreal W arehousing 1st M $1,000,000 gold guar
$
or
£
1 , 0 0 0 .0 0 0
A A O Apr 1 1936
4
M ontreal or London
Grand Trunk Western—
F irst M $15,000,000 Int guar gold $ (cur) & £
F
£10 0
15.000,000
4
g
,
T
A
J
Ju
ly
1
1950
Bank M ontreal,NY A Lon
P ontiac O xford A Nor— 1st M $400,000.. Me c*
$ 10 0 ,0 0 0
1 ,0 0 0
J
A J Ju ly 1 1916
6 g
M ercantile T ru st Co, N Y
New m ortgage authorized $30,000,000 Int guar
See tex t
Great
Northern—
Stock $210,000,000.............. ..
209,970,250
10 0
7 in 1910 3— F May 1 19111 U 32 N assau S t, New York
S t P M A M consol m tge) (now 1st M) gold
Ce
1,0 0 0 13,344,(XX)
J A J Ju ly 1 1933
do
do
for $50.000.000..........)(V 91 p 518) sink fund
1 ,0 0 0 2 1 , 2 2 0 ,0 0 0
4 H g J A J Ju ly 1 1933
do
do
8.704.(XX)
1 ,0 0 0
s
J
A
J
Ju
ly
1
1933
do
do
M ontana E xt 1st M ($25,000 p m) g o ld ... C e.c’ &r
1,0 0 0 a lO ,185,000
ne 1 1937
do
do
Pacific Extension M £6,000,000 g o ld .. _Ce.c*Ar
£100 Ac £6,0(X).(XX) 4 g J A I) Ju
Ju ly 1 1940
N Y A Lond, B aring Bros
C B A Q col tr M g (sub to call a t 105)............ Sc'A r*
$ l, 0 0 0 Ac ]$107613500 f 44 gg JJ AA JJ Ju
ly
1
1921
J
P
M
organ
&
Co,
N Y
1,000 Ac 1
.. .innd,°T
dom tge gold
do assum ed__________
registered..........r*
Q—J Ju ly 1 1921
do
do
M
Un R„ y 1st
Ce.c*
1,0 0 0
2,150,000
A
6 g
J
J
Ju
ly
1
1922
32
N
assau
S
t.
New
York
____
do
do
do
1 ,0 0 0
650,(XX)
J A J Ju ly 1 1922
do
do
E of M inn No Div M $9,700,000 g assu red.M e.c* Ar
1,000 Ac d9,700,000
4 g A A O 1928-1948
32
N
assauN
Y
;Lee,II,Bos
M ont C ent 1st M g ($6,000,000 are 6 s) assum .C e.cA r
1,000 Ac 1 0 ,0 0 0 ,0 0 0
i A J Ju ly 1 1937
32 N assau S t, New York
W illm ar A Sioux Fails 1st M g assum (end) -Ce.c* Ar
1.0 0 0
3,625,000
5 g J A I) Ju
1 1938
do
do
M lnneap W est M g assum (V 60 p 835)......................c*
1,0 0 0
500,000
5 g 1 A J Ju ne
ly
1
1911
N Y A Lon, Baring Bros
Spokane Falls A N orth first m tge gold assum_M a.c*
1 ,0 0 0
229,000
J
6
A
J
Ju
ly
1
1939
32
N
assau
S
t,
New
York
Gt North
Can—See
anadian N orth Quebec Ry
Green
BayRyA ofWestern
RRC—Stock
(see text)
10 0
2,500,000 5 Feb ’l l Feb Feb 6 1911 5% Office 40 W all S t, N Y
D ebentures Class A incomes tex t non-cum ............c*
1,0 0 0
1896
600,000 5 Feb ’ll Feb Feb 6 1911 5%
do
do
• Class B Incomes after 5 % on stock n o n -c u m ..c'
1 ,0 0 0
7.000,000 H Feb' 11 Feb Feb
- - - 1896
6 1911 >j%
do
do
a $11,502,000 additional pledged for Pacific Extens Ion bo nds
d Subject to eall atJ105 after April 1928
£10 0
£10 0
£10 0
£10 0

In O ct. 1910 It was proposed to apply for authority to m ake up accounts
IV ID E N p S .-l’9 2 t o ’96 (ind.) *97. ’98. ’99. '00. ’01. 1902 to M a y ’l l .
annually Instead of sem i-annually, acquire M ontreal A Southern Counties GDreat
N orth ern ./ 5% yearly
6 )(
7 7 7 7% yearly. Q -F
(Electric) R y ., issue additional consol, deb. stock, Ac. V. 91, p . 1025, 1095.
Also
in 1898 50% In Seattle A M ont. 6tock, which was then exchanged
S T O C K . Ac.—The authorized capital on June 30 1910 was £48,936,364
to
r
40%
ln
G
t.
Nor.
pref
V.
6 6 . p. 1044, 1188; V. 74. p. 829.
In M ay,
stock (£45,651,626 issued and £3,284,738 unissued); advances from Cana­ 1901, K % ..and in Nov. 1907 1
was paid from earnings of Lake Superior
dian G ovt, in aid of construction am ount to £3,111,500. Perpetual consol.
V. 85, p. 921,1405. And In Dec. 1906. unit for u n it, 1.500.000 shares
4% deb. stock au th . by A ct of 1882, and later A cts, has been issued from Co.
tim e to tim e to acquire securities of com panies consolidated and controlled, of beneficial Interest In the Iron ore properties. See "G eneral F inances."
am ounting Ju n e 30 1910 to £9,056,108. and bearing an annual interest of
BONDS.— S t. P . Minn. & M an. consol.m loe.ot 1883 Is for J ,50.000,000. of
£466,036. V. 71, p .8 4 ; V . 88 . p.822,1194; V .8 2 ,p .6 9 2 ;V .8 6 ,p .602,1100. which bonds are reserved to pay prior liens. It Is a first Hen on the land
S tation Co. bonds, V. 82, p. 452. M ontreal w arehousing guaranteed g ran t, and, slnoe retirem ent on N ov. 1 1910 of Dak. c at. fxs, on 2,540 m iles
bonds, V. 83, p. 37. G rand T runk Pacific Devel. Co., V. 80, p. 1042: V. of railw ay In M inn, and the D akotas. V. 04, p. 518; V. 80, p. 229; V. 87.
90. p. 306; V. 91. p. 1449.
p. 1533; V. 8 8 , p. 295, 624, 1061, 1372: V. 91, p. 518. M ontana E xt. m tge.
D IV ID E N D S— ’99. ’00
*02. *03. '04. *05. *06. '07. ’08. *09 •1 0 . Is lim ited to *10.185.000. A bstract. V. 45. p. 342.
F irst preferred__ % 5 5 ’01.
5
5
5
5
5
5
5
5
5
Paci/tc Extension m tge., £6,000,000, provides for bonds a t £6,000 p er
5
Second preferred _% 3 K 3 4 5 5 ”
” “ - 2J4
--------5 5 mile
in M ontana and £7,000 per m ile west of M ontana. V. 6 6 , p 1044,
T hird p referred ..% 0 0 0 1 2 0
0
0
*?•
1174; V. 90, p. 303. S ceabstract of m tge., V. 52, p . 82.
G t- N orthern and Nor. Pac. had acquired *107.612,600 of th e
E A R N IN G S .— 8 m o s .,/191 0 -11 ...G ross $22,834,582; n et, $5,340,253
Chicago Burl. & Quincy H R. stock, in exchange for th e ir
Ju ly 1 to Feb. 28. (1909-10__ Gross 22,311,981; n et, 5.180.450 Joint 20-year 4%
bonds, secured by the deposit of the stock In tru st,
R E P O R T .— S tatem ent for 1909 was in V. 90,, p. 0165. H alf-yearly on basis of *200 Ingold
bonds for each *100 stock. See circular, V. 72. p. 871.
m eeting O ct. 1910. V. 91, p. 1442.
1034, 1135, and application to list, V. 73, p. 294, 903; V. 85, p. 600.
1907.
1909.
Years end. Dec. 31—
1910.
1908.
Eastern R y. o/M innesota.— Nor. D iv. m tge. of 1898 lim ited to *9.700,000.
Gross earnings .................£7,021,535 £6,499.371 £6,180,945 £7,144,506
red. a t 105 after April 1 1928. V. 06, p. 471; V. 8 8 , p. 1002, 1255.
T ransportation expenses 5,246,752 4,832,340 4,476,775 5,197,478 areThe
Willmar A Sioux Falls bonds are guaranteed. V. 56, p. 247.
N et earn in g s............. .. £1,774,783 £1,667,031 £1,704,170 £1.947,028
G EN ER A L FIN A N C ES.—T otal funded debt per m ile of m ain track
T otal net Incom e____ 2,128,222 £2,000,809 £1,999,984 £2.220,187 (4,924 m.) in the hands of the public June 30 1910, $22,214. V. 85, p. 1277.
Deduct—
Train-load, 1909-10, 518 tons, against 502 In 1908-09.
R e n ta ls _______________ £155,206 £155,206 £155,206 £155,206
In O ct. 1906 a contract was signed for a lease of the ore lands to the U . S,
In t. on bds. A deb. stock 1,110,770 1.082.974 1,067,127 1.069,136 Steel Corp., to continue until the ore Is exhausted, unless the lease is term i­
155,704
72,154
129,121
A dv. to controlled roads
153,350
nated
on Jan . 1 1915 under the option reserved to the Steel Corp., on a roy­
(4)
393,600
(4)
382,463
402,775
Dividends on guar, stock (4)
336,770
alty basis of $1 65 per ton standard ore w ith 3.4 cts. per ton increase each yr.;
(5) 170,841 (5) 170,841 (4)
do
1 s t pref. stock (5) 170,8-41
(5) 170.841 m inimum tonnage to be m ined. 750,000 tons during 1907, w ith 750,000 In­
do
2 d pref. stock (5)126.420 (5)126,420 (2^)6 3 ,2 10
(5) 126,420 crease each year until 8,250,000 Is reached. The Iron ore properties were
do
3d pref. stock (>4)35,823
(3)214,939
t ou,s of
'Y:beneficial
H ,n * Jaminterest
es N - Hill
andtruWstalter
trustees,
the 1,500,000 shares
In the
equalJ. toHill
theasnum
ber of
B ala n ce ........................... def.£3,134 def. £387 sur. £5,473 def. £6.477 shares
of stock held being Issued Dec. 1906 to G reat N orthern stockholders.
The profits from the Iron properties, after first deducting the 80o. per ton
O FF IC E R S.— Pres., Chas. M. Hays; Chm n. of Board, Alfred W . Sm ith- payable
to the G t. N orthern R y. for carrying the ore to the docks on L ake
ers.— (V. 91. p. 397, 518, 1025, 1095, 1442; V. 92, p. 395, 460. 1108.)
Superior, will be distributed,along with any profits from other ore leases,
GRAND
TRUNK
WESTERN
RY.
— (See M ap Grand Trunk, Ily.)— Owns a t least once a year to the holders of the tru st certificates. See V . 83. p.
from P ort H uron, M ich., to Chic. A W est. Ind. R R ., a t Chicago, 330 m ., 818, 969, 1228, 1290; V. 81, p. 6.35, 693, 749. 996; V. 8 6 , p. 855. F irst
and trackage Chic. A W est. Ind ., 5 m .; to tal, 335 ra. Stock, $6,000,000, div. on ore certs. *1 per share paid Sept. 16 1907; M arch 16 1908. *1.
Sept. 15 1909, *1; Mch. 15, Sept, and Dec. 1910 and Moh. 1911, 50 cents
all owned by G rand T runk. V. 69, p. 954; V. 71, p. 28.
BONDS.— The G rand T runk unconditionally guarantees the interest on each. V. 87, p. 740, 9.36; V. 90, p. 562; V. 91. p. 1330.
E A R N IN G S .— 8 m os.,/19 1 0-U ...G ro ss, *41,681,413; n et, *17,132.237
the 1st 4s, of which the last $563,000 were issued to retire the N orthw . Gr.
Ju ly 1 to Feb. 28. 11909-10 . .G ross, 42,834,667; net, 18,450,879
T runk 6 s on Jan . 1 1910. The incomes were called for paym ent on Dec. 1
1910 a t 85 and any Int. then due. V. 90, p. 1239. In t. on incomes, 1% ,
R
E P O R T .— For 1909-10 In V. 91, p. 1091. 1099; editorial, p. 1068.
paid on Ju ly coupons In 1902 to 1905, Incl.; 4% In 1906 to 1910. V. 83,
1908-09.
1907-08.
p. 687. Jo intly w ith Toledo S t. Louis A W estern guarantees D etroit A A verage miles operated.......................... 1909-10.
7,020
6,808
6,594
Toledo Shore Line bonds. V. 76, p. 653; V. 89, p. 1411.
earnings------------------- . .*14,311,800 *10,977,948 *11,189,553
In M arch 1911 auth o rity was granted to m ake a new m tge. for $30,000,000 FPassenger
reight
........
40.075,734
39,404,811
40,311,420
to extend and Im prove the road and provide for purchase of the Pontiac
express, A c _________
3.214.934 3,017,703 2.711,100
Oxford A N orthern R R ., Pontiac to Cascville, M ich., 100 miles, held in Mall,
226,982
217,560
Interest of com pany. Of th e bonds $7,000,000 cannot be Issued w ithout O ther than tran spo rtatio n ________ _ 262,902
permission of M ichigan R R . Commission. G rand T runk R y. will guarantee
Gross operating revenues..... .............*64,465,370 *53,687,444 *54,429,633
in terest. V. 92, p. 795, 1108.
et operating revenue............................. *21,856,981 *18,812.783 *16,328,902
E A R N IN G S .— 8 m o s.,(1910-11..........Gross, $4,166,687; n et, $873,730 NGross
Income...........................*23,11,3,800 *22,566,583 *20,164,477
July 1 to F eb. 28. 11909-10..........Gross, 4,026,873; n et, 991,745 R entalscorporate
p a id ..................
*255.228 *230,890 *1,347,436
125,387
Y ear ending June 30 1910, gross. $6,232,362; net, $1,470,101; other in­ Hire of equipm ent balance...................
come, $295,132; charges, $1,587,356; 4% on incomes, $60,000; add’ns and Bond Interest accrued....................... . 4,823,184 4,726,536 3.670.865
G uaranty K oot. R y. A N av. deben­
Irap’ts, $121,349; deficit, $3,472.— (V. 91, p. 1095; V. 92, p. 795, 1108.)
118,177
stock interest________________
121,723
155,862
GREAT NORTHERN RY.— (See M aps.)— O perates a line from S t. P au 1 t.tureaccrd.
on subs, for add. stook
_ 2,0.38,427
M inn., via Spokane, W ash., to Lowell, W ash., on the Pacific Coast, w ith In
Dividends
on
stock,
7
%
........................
14,698,603
14,697,473
10,483,055
coast line to Seattle, and num erous branches In M innesota, N ebraska. N orth
and South D akota, M ontana, W ashington, M anitoba and B ritish Columbia,
Balance to lm prov'ts A ren ew als.. *3.09.3,161 *2,789,961 *2,468,832
aggregating, June 30 1910, 7,247 miles.
FFIC E R S.— Chairm an. Jam es J . Hill, S t. Paul; P res., Louis W . H ill.
Lines owned in fee.
M iles. Lines owned in fee.
M iles. S t.OPaul;
V .-P., R. I. F arrington. Richard A. Jackson; V .-P. A T reas., E . T .
S t. P aul, M inn., to Lowell,
D uluth, M inn., to L aram lev
Nichols, N . Y.: A sst. Treas. A Sec.. E. Saw yer, S t. Paul; ABSt. Seo. and
W a s h ..............................................1,790 No. D ak................................... 325
A sst T reas., N. T erhune. New York office, 32 N assau S t.
S eattle to V ancouver_________ 156 S t. Paul, M inn., to G rand Forks,
D irectors —J . J Hill, Frederick W eyerhaeuser, E . Saw yer, R . I . F'arW lliraar, M inn., to Y ankton,
No. D ak................................... 324
R . A. Jaokson, Sam uel Thorne, Louis W . Hill, W in. B. D ean, E . T .
So. D ak........................................ 205 Various
branches..................— 3,442 rlngton,
Nichols.— (V. 91, p. 1025, 1091, 1099, 1160, 1446; V. 92, p. 1032.)
G arretson, So. D ak., to Sioux
Trackage____________________
246
C ity, la ., and O’Neill. N e b .. 208
.
RR.— Road owned from Green B ay, W Is.,
Spokane,W ash.,to Nelson, B.C. 200 T otal Ju ne 30 1 910..................7,247 to M arshland, W Is.,WESTERN
209 miles, branches, 1.3 m.; trackage to W inona, 4 m.
Pacific J e t., M ont., to B u tte ... 351 2d, Ac., tracks and sidings----- 2,177
H IST O R Y .— A reorganization June 5 1890 (per plan In V. 61, p. 471).
T he Spokane P ortland A Seattle R y., 420 m iles, was com pleted M ay 1909.
S E C U R IT IE S .—There are no llxed charges on the property other than
V. 85, p. 1273; V. 8 b, p 1529. In the fiscal year 1909-10 abo u t 150 miles
were com pleted, a 52-milc branch was nearing com pletion June 30 1910 and taxes, nor can any be placed thereon or the property be sold or leased
several extensions were In progress, including one from F argo, N. D ., to w ithout consent of 75% of stock. Class A debentures are entitled to 2)4%
Interest, lr earned, then common stock to 2 )4 % . then the two Bbare ratab ly ,
Surrey, 225 miles. V. 91, p. 1100.
In Dec. 1908 Chic. Burl. A Quincy (jointly held) acquired control of Colo. b u t after 5% on both, class B Is entitled to all surplus earns. V. 61. P. 471
A S outhern, affording direct connection for the Hill lines w ith the Gulf of - t P ™ ; - . „ '98. '99. '00. '01. '02. '03. '04. '05-'07. '08. '09. '10. 'l l .
Mexico. V. 87, p. 1664. In 1909 arranged to use Jointly th e N orthern Class 'A debs % 2 J 4 2 ) 4 2 ) 4 . 3
4 4 4 5 y’ly 5
5 5 5
Pacific line, South Tacom a to V ancouver, W ash., 135 miles. V. 8 8 , p. 1372. ER°01!. c-„-- - - - % - 1)4 2)4 3
In Dec. 1909 control was acquired of the Spokane A Inland E m pire (Elec­ Class"B “ debs . .
__ __ __ __4 __4 __4 5___y'ly U5 H5 M5 M5
tric) R R ., operating 247 miles. See “ Elec. R y. Section,” V. 89, p. 1596.
EA R N IN G S .— 8 m os..J1910-11_______ Gross, *436.198; n et, *130.912
O R G A N IZA TIO N .— In 1907-08 absorbed S t. Paul M inn. A M an. and
Ju ly 1 to Feb. 28. 11909-10_______ Gross, 410,836; net, 150.091
other roads theretofore controlled. V. 85, p. 600, 1209; V. 8 6 , p. 168, 794.
R
R T for year ending Dec. .31 1910 In V. 92, p. 875.
LANDS.— Due from land contracts Ju ne 30 1910, $235,764; land unsold, Cal. E P OCross
Net after D tv. on
Dividend
Die. on
Balance,
811,225 acres, to be reduced abo u t 660,000 acres by adjustm ent w ith U. S. XforTaxes. Deb. " A ." on Stock. Deb. "IS." Sur. or Def.
5177.KK) (5)*30,000 (5>*125,000 <>4 )* 3 5 ,0 0 0 def.*12,900
STO CK.— In 1898 surrendered the right to Issue com mon stock, all stock
1909 - 588.919 172,910 (5) 30,000 (5) 125,000 (M> 17,500 sur. 410
being “ of a single class w ith uniform rights and privileges.”
Stockholders In Jan . 1907 subscribed for $60,000,000 new stock a t par,
D IR EC TO R S.—S. S. Palm er, Pres.; Charles W . Cox, Sec. and T reas.,
payable In Installm ents to April 190S V. 83, p. 1469: V. 84, p. 749.
40 Wall S t.; C . Lcdyard Blair, J . A. Jo rd an, W. J . W ilson.— (V.92, p. 876.)



A p r .,

1911.]

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page)

M iles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

63

When Last Dividend Plates Where Interest and
Payable and M aturity Dividends are Payable

(Irccnc RR (New Y ork)— S to c k ................................. ......
$10 0
$ 2 0 0 ,0 0 0
6
J A D Dec 20 1910 3% D L A W , 90 W est St
400,000
G reenw ich & Jo h n so n v ille — 1st M $500,000 g -_S .cA r
1,0 0 0
1904
4 g J A J Jan
21
1 1924
S tandard T ru st Co. N Y
600,000
G uantanam o & W e ste rn —1st M $(500,000 g o ld ____K
1909
6 g
M A N 15 Nov 15 1929 New York
G uay & Q — P rior Hen M gold, red 105 s t .....................
2,479,000
1,0 0 0
1908
6 g
J A J
and London
1st M originally $12,282,000 gold guar (tex t) . _Usm
... 1899 1,0 0 0 10,808,000 5 J A J Jan 2 1932 New Y ork
See tex t
Gulf B eaum ont & K C— Sec A tch T opek a A S a n ta Fe
G ulf B & G t N or gold p & 1 gu ar end (te x t)___A B.c
1.132.000
1 .0 0 0
5 g J A J ly 1 1930
77 1900
5 N assau S t, New York
See tex t
Gulf Line— F irst m o rtg age $325,000 g o ld......................
o g M A S SJuept
1907
1937
Gulf & Ship Isla n d —S to c k ........ ...............................................
ioo 6,750,000 See tex t .1 A J Jan 1 0 ’l l . 1 % B uffalo. N Y
F irst refun d an d te rm M gold sink fund__N .c*xA r* 307 1902 1,000 Ac 4.984,000
5 g J A J Feb 1 1952
T r Co, N Y
• Gen A ref M gold, p a rt d u e y early red a t 103. _Mpc* 307
500.000
1 ,0 0 0
6 g
A A O April '13-1917 M etropolitan
1911
do
do
600,000
Gulf T erm in al, M obile— 1st M $700,000 g gu (text)o* A
4 g J A ,1 Jan 1 1957
1,0 0 0
1907
do
do
1.007,000
Gulf T ex as & W est— 1st M $10,000,000 g red 105-M p
1.0 0 0
5 g M A N Nov 1 1939
75 1909
do
do
H alifax & E a ste rn — F irst m o rtg age r e d _______
5
g
£10 0
J A D 30 1955
(?)
1905
H ancock & C alum et— See M ineral R ang e R R
H annibal & St Jo se p h — See C hicago B urlin gton A Qul ncy
300,000
J A J Jan 1 1916
H arrim an & N o rth e a ste rn — F irst m o rtg age gold_._C c
6 g
100 Ac
20 1895
C entral T ru st Co, N Y
H a rrisb u rg P o rtsm o u th M t Jo y & L ane— S to ck 7% gu
50 1,182,550 7 J4 In' 10 J A .1 J a n l O 'l l 3 * 4 C om pany’s office. Phila
53
700.000
4
F irst M (ex ten ded In 1883) gu p & 1 P a R R . . . Q p .r
J A J Ju ly 1 1913
500 Ac
53
1853
do
do
2.965.500
H artfo rd & C o nnecticut W e ste rn — S to c k .........................
2
F A A 31 Feb 28 1911 1%
10 0
124
tford
F irst m o rtg age ex ten d ed In gold In 1903.......................
700,000
4)4 J A J Ju ly 1 1923
1 ,0 0 0
124 1883
do
A
325,000
A
O
H aw k insv & FI So— 1st M $400,000 gold gu ar p & 1 ..
5
g
1
,0
0
0
1952
44 1902
H enderson B ridge Co— See L ouisville A N ashville R R
A A O Apr 1 0 ’l l 1 ) 4
H ibernia M ine R R — S to c k .......................................................... 4 H
2 0 0 ,0 0 0
3
10 0
A J Jan 16 1911 2% P M organ A Co, N Y
H ocking V alley R y— S to ck com m on to be $26,000,000
10 0 1 1 .0 0 0 .0 0 0 4 In 1910 J
4 g A A o O ct 1 1948
C olum bus A H ooking V alley first m tg e g o ld ____c*
76 1867 500 Ao 1,401,000
do
do
2,441,000
4 g F A A Aug 1 1955
Col A Tol 1st M gold e x t 1905 (V 81 p 211)___S.c*
1,0 0 0
118 1875
do
do
F irst consolidated m o rtg ag e $20,000,000 gold___Ce 346 1899 1 ,0 0 0 Ac 16,058.000
do
do
4)4
g J A J July 1 1999
160,000
C ar tru sts gold $80,000 s-a (V 75 p 7 4 1 )..................S
1 ,0 0 0
do
do
1902
4 M g FM A N Nov’ll-M a y ’12
276,000
4
A A Aug’l l-F e b ’17 U S M A T r C o , N Y
E q u ip notes gold S er A du e $23,000 s - a ............... U sm
1907
1,0 0 0
576,000
4
F A A 15 To Feb 15 1917 Lincoln T rust Co, N Y
do
do
S er B d u e $48,000 s-a ........................
1,0 0 0
1907
444,000
4
A A O To Apr 1 1917
do
do
S er C du e $37,000 s -a ........................
1,0 0 0
1907
1,0 0 0
60.000
do
do
S er D du e $20,000 s-a (V 85 p 600)
1907
4
J A J Ju ly ’ll-J u ly ’12
1,0 0 0
do
do
S er E d u e $25,000 s -a ........................
325,000
F A A Aug’ll-A u g ’17 Em pire T ru st Co, N Y
1907
4
1,0 0 0
do
do
S er I of 1908 du e $25,000 s-a S.xc*
1908
350,000
4 g F A A 15 To Feb 15 1918 S tandard T ru st Co, N Y
B onds of coal com panies g u a ra n te e d —S ee S u nday Creek Co und er "In d u strials"

GREENE RR.—Owns road from Chenango Forks to Greene, N . Y ., 8
miles. Leased to Delaware Lack. A W estern for term of charter for 6 % on
stock. Stock, $200,000; par, $100. D. L . A W . owns $200,000 7% bonds.
GREENWICH & JOHNSONVILLE RY.—Owns from Schuylcrvllle, N .Y .,
to Johnsonville, N. Y ., 21 m .; Salem branch, Greenwich north east to Rexld fh . 10 m ., com plotcd in 1908. Stock, $225,000, all owned by Del. A
Hudson Co. V. 90, p. 790. Bonds, see table above. For year ending
Ju ne 30 1910, gross, $124,045; n et, $56,367; charges. $45,435; d iv. (4% ),
$9,000: bal., su r., $1,932. P res., I. C. B landy. Office, Greenwich, N . Y.
— (V. 8 6 . p. 1224.)
GUANTANAMO & WESTERN RR.— Owns from Boqucron a t Granadillo
Bay on south coast of Cuba, via San Ju sto and La M aya to San Luis, with
branches to various sugar mills; total mileage, 86.90 miles. Incorporated
In M aine S ept. 1909 and took over March 1 1910 per plan (V. 8 8 , p. 294) the
Cuba E astern R R ., N ortheastern Cuba R R ., Cuba E astern Term inals Co.
and E astern R R . of Cuba, foreclosed A ug. 1909.
Stock authorized and Issued, com mon, $2,750,000; 1st pref. 7% non-cum .
$2,750,000, and 2d p re f.5% non-cum .,$250,000; par of all shares, $100 each*.
EA R N IN G S.— For 4 mos. ending Ju ne 30 1910, $122,882; n et, $30,263.
D IR EC TO R S.— F . Q. Brown (Chairm an), R obert Selden H usc (Pres.),
W illiam B arbour (VIce-Prcs.), D. II. Thom as (Sec. and T reas.), F. C. W al­
co tt. I. McD. Garfield, W . H arris Roome, I. H . L ehm an, P . Chaunccy
A nderson. N. Y. office, 31 Pine S t.— (V. 89, p. 1069.)
GUAYAQUIL & QUITO RY.— (3 )4-ft. gauge.)—Owns from G uayaqul 1
to Q uito, E cuador, abo u t 286 miles, w ith two branches, com pleted June
1908. V. 81, p. 556; V. 83. p. 1170.
S tock authorized, pref., 7% cum ., $5,250,000; com mon, $7,033,000; par,
$100. Of the com m on, $3,445,700 Is Class A, $3,586,300 Class B and $1,000
special voting stock held by the council of foreign bondholders, who m ay
appoint 3 directors. Class C, $1,000, m ay be redeem ed a t p ar a t any tim e
after all bonds now or hereafter guaranteed by E cuador shall have been paid
In full. V. 89, p. 1483. The 5s (formerly 6 s) of 1899 arc guar., nrln. A Int.,
by the Gov’t of E cuador, secured by a lien, subject to th a t of the prior lien
bonds, on all th e custom s duties, the Gov’t receiving 49% of com . stock.
Late In 1908 an agreem ent w as m ade for the surrender of the four coupons
of the general scries bonds from July 1907 to Jan . 1909 In exchange for
$90 of Gov’t "S alt” bonds bearing 4% ln t. and 4% sinking fund, to be used
to draw the bonds for paym ent a t par; also for the Issue of $2,48o,000 of 6 %
prior Hen bonds having a preferential m ortgage on the road and custom s rev­
enues redeem able by a sinking fund of 2 V4% a t par or as a whole a t 105, the
Interest on the general series bonds being reduced from 6 to 5% . A fter the
paym ent of the prior lien bonds the G overnm ent Is to continue to pay 5%
and 1 % sinking fund. The holders of the general series bonds received $100
per $1,000 bond In non-Int.-bearlng certfs. V. 87, p. 1478; V. 8 8 , p. 564.
Pres., A rcher H arm an; V .-P., T . H . Powers F arr, New Y ork; Sec. and
T reas., Jo hn J . G lnnane. N. Y. office, 33 W all S t.— (V. 90, p. 1170.)
GULF & INTER-STATE RY. OF TEXAS.—P ort Bolivar, on Galveston
Bay, to B eaum ont, T ex., 70 miles. V. 78, p. 1167. Stock, $71,000.
Bonds, $1,029,600 1st 5s auth .; outstanding. $829,000. issued in 1895. The
stockholders of the A tchison Topeka A S anta Fe on O ct. 27 1910 voted to
purchase the stock and Indebtedness. V. 91, p . 588. For year ending
Ju ne 30 1910, gross. $202,683, against $162,267 In 1908-09: oper. def.,
$25,776. against def. $143,352. Pres., L. P. Fcatherstonc; V .-P., Chas. H.
Moore; Sec., Geo. Scaly.— (V. 84, p. 1366; V. 91, p. 655.)
0ULF LINE RY.—Owns A shburn. G a., to Brldgeboro, 32 miles; track­
age, A shburn to W orth, 6 miles: leases (to April 1 1953, w ith option to pur­
chase) Ilaw klnsvllle A Florida Southern, Hawklnsvllle to W orth, 44 miles;
total, 79 m . Extension proposed from Brldgeboro to Cam illa, 40 m . Sold
to E astern capitalists early In 1910. V. 90, p. 502. Stock a u th ., $400,000.
Bonds a u th ., $325,000 30-ycar gold 5s, A tlan ta (Ga.) T ru st Co., trustee;
all In treasury Sept. 1909. For year ending Ju ne 30 1910, gross. $163,674;
n et, after taxes, $43,483; charges, $30,500; bal., sur., $12,983. In 1908-09
gross. $136,336: net, $29,009; charges, $18,000: bal., sur., $11,009. Pres.,
W . J . Edw ards; Sec. and T reas., Geo. L. Twlgg, Sylvester, G a.— (V. 8 6 ,
p. 420; V. 89, D. 847, 502.)
OULF & SHIP ISLAND RR.— Com pany owns from G ulfport, on Missis­
sippi Sound, Gulf of Mexico, to Jackson, M iss., 160.5 m .; Columbia d lv.,
Maxle to M endenhall, 104.75 m . Branch from S aratoga to Laurel, 41.75
miles; to tal, 307 miles. Im p o rtan t harbor im provem ents have been con­
structed a t G ulfport, Including an extensive ssytem of docks, piers, Ac.; also
a channel 7 miles long extending to deep w ater.
STO CK.—Capital stock, $6,750,000 (par of shares, $100.)
D IV ID E N D S.—A pril 1903 to Ju ly 1910, 4% yearly; 1911, Ja n ., 1% .
BONDS.— Of the first 5s ($5,000,000 authorized), $4,984,000 are out­
standing, rem aining $16,000 being reserved to retire a like am ount of old
bonds still outstanding. A yearly sinking fund of 1% of bonds outstanding
which became operative Jan . 2 1905 m ay purchase bonds a t not exceeding
1 1 0 , b u t the latter cannot be draw n; bonds so purchased to be kept alive
in the sinking fund as an Investm ent. In Feb. 1911 $416,000 bonds were
In the sinking fund. Sec V. 74, p. 426, and application to list, V. 74, p.
1257; V. 81. P. 264. Of the gen. and ref. 6 s of 1911 ($1,000,000 authorized
Issue), $500,000 were sold to retire the $500,000 6 s due April 1911 and the
rem aining $500,000 are due for general purposes; the outstanding $500,000
m ature $200,000 each April 1 1913 and 1914 and $100,000 April 1 1915.
V. 92, p. 460. Car trusts June 30 1910, $140,000.
E A R N IN G S .— 8 m os., f 1910-11............Gross, $1,348,276; net, $485,293
Ju ly 1 to Feb. 28. 11909-10............Gross, 1.425,898; net, 426,962
R E P O R T .— R eport for year ending Ju ne 30 1910 In V. 91. p. 1245.
Year—
Cross.
N et.
Other Inc. Charges. Balance.
1909-10...............$2,094,076 $648,190 $14,170 $371,021 $291,339
1908-09............... 1,873.196 404,761
7,702 407,805
sur.4,658
Dividends (4%) paid during 1909-10 $262,500. agst. $242,500 In 1908-09.
P res., J . T . Jones, Buffalo, N Y — 91 p. 1245; V. 92, p. 460.)



GULF TERMINAL CO., MOBILE.— Owns union passenger station and
approaches a t Mobile, A la., leased by the Southern R y. and Mobile A Ohio
R R ., which own th e stock and g uarantee th e bonds, jointly and severally,
p. A I., by end. Franklin T ru st Co., N . Y ., is m tge. trustee.—V . 84, p . 50.
GULF TEXAS & WESTERN RY.— Projected from B urr’s Ferry to
B enjam in, T ex., 475 miles, of which Jacksboro to O lney, 40 miles, had been
com pleted In O ct. 1909 and 35 miles to Seym our on Ja n . 15 1910. Stock
authorized, $500,000: outstanding Ju ly 1910, $50,000; p ar of shares, $100.
Of the first 5s ($10,000,000 authorized Issue), $1,007,000 have been Issued
on th e first 50 miles com pleted from Jacksboro tc M egargel, and In A pril
1911 application was m ade to Issue bonds on the rem aining 25 m iles com­
pleted. V. 89, p. 993, 1223; V. 90. p. 109. E quipm ent trusts, $27,200 5»
due sem i-annually from about Aug. 1909. Pres., J . J . Jerm yn, S cranton,
P a.; Vlcc-Pres. and Chairm an of B oard, Roy C. M egargel, 6 N assau S t..
N . Y .; VIco-Pres. and Gen. M gr., Ben B. Cain, D allas, Tex.; Sec. and T reas.,
W . F rank K nox. D allas. T ex.— (V. 89. p. 993, 1223; V. 92. p. 1108.)
HARRIMAN & NORTHEASTERN RR.— H arrim an to P etros, T enn., 20
miles. In J a n . 1903 entire stock acquired In the Interest of th e C incinnati
New O rleans A Tex. P ac. R y., b u t Is operated separately. V. 76, p. 157.
D IV ID E N D S.— In 1907. 4% : 1908. 2M % ; 1909 (June). 2 % . Stock,
$600,000. Y ear to June 30 1909, gross. $98,761; n et, $41,270; charges,
$29,315; dlv. (2% ). $12,000: bal., def., $45.— (V. 76, p. 212.)
HARTFORD & CONNECTICUT WESTERN RY — H artford , Conn., to
Rhlnecllff, N. Y .. 110 miles, and branch, 14 miles. Leased till A ug. 1940
to C entral New E ngland R y. (now controlled by New York New H aven A
H artford R R .), the rental paying charges and 2% per annum on th e stock,
of which $1,640,000 owned by lessee.— (V. 83, p. 213, 1290.)

HAVANA TERMINAL RR.—V. 92, p. 594.
HAWKINSVILLE & FLORIDA SOUTHERN RY.—W orth to H aw klns­
vllle, G a., 44 miles. Leased May 1 1907 to Gulf Line R y. u n til A pril 1 1952,

with option of purchase. V. 84, p. 1247. Stock, $100,000, acquired In
April 1904 by Georgia Southern A Florida, which guarantees bonds (see
table above), principal and Interest. Y ear ending Ju n e 30 1907, gross.
$55,174; net. $8,247; total dcduc., $13,542: bal., d ef., $5,295. Pres., J . B.
M unson; T reas., W . P . H opper, M acon, G a.— (V. 84, p. 1247.)
HIBERNIA MINE RR.— Owns R ockaw ay to H ibernia M ines, N . J ..
4 Vi m ., leased to Cent, of N. J . 1890, extended 20 years to O ct. 1 1930 at
$6,000 yearly.— (V. 91. p. 1766.)
HOCKING VALLEY RY.—The com pany’s m ain line extends from
Rockwell to Columbus, 120 miles; Columbus to A thens. 76 m .; Logan to
Pom eroy, 83 m .: total main line, 279 miles, with traokage (P enn. R R . sys­
tem) Toledo to W albridgc, 5.5 m .: (L. 8 . A M. S. R y.) Toledo to Rockw ell
2.5 m .; (P. C. C. A S t. L . R y.) Columbus, O ., 5 m .; to tal m ain line and
trackage, 287.5 miles. Branches, 45 m .; leases W . A J . 13. R y., D undas to
Jackson, 17.5 m .; to tal, 350 mllcs;scoond track , 50 m iles.
H IST O R Y , Ac.— Successor Feb. 25 1899, per plan V. 6 8 , p . 231, of
Columbus Hocking Valley A Toledo R y. foreclosed. T he coal lands aggre­
gate about 20,975 acres, and are covered by the consolidated m ortgage.
STO CK.—The $15,000,000 pref. stock was called for paym ent a t p ar on
April 30 1910 and after dissolution of a tem porary injunction was retired,
about $ 1 0 ,0 0 0 ,0 0 0 thereof being provided by the sale of the holdings in
Toledo A Ohio C entral and Zanesville A W estern stock (sec below) and the
rem ainder borrowed. The stockholders were to vote M ay 11 1910 on
Increasing the authorized com mon stock from $11,000,060 to $2 G,0 0 0 ,0 0 0 ,
b u t action has been restrained pending trial of the su it of three m inority
stockholders. V. 90. p. 976, 1239, 1296, 1363, 1614; V. 91, p . 154; V. 92.
p. 1032.
SALE O F STOCK. Ac.— The Chesapeake A Ohio owns $7,501,800 of the
$11,000,000 outstanding stock (including $6,347,800 aoqulred in March
1910.) The Lake Shore A Mich. Sou. and Ches. A Ohio acquired the K ana­
w ha A M ichigan stock form erly held In the Interest of the Hocking Valley
and th e Lake Shore purchased nearly all the stock of the Toledo A Ohio
Central (the last-nam ed having been held by the K anaw ha A Michigan) and
all the stock and bonds of the Zanesville A W estern. V.9Q , p .7 7 1 ,8 4 9 .9 7 7 .
D IV ID E N D S.— On com m on, July 1901 to Jan . 1907, Incl., 3% per annum ;
Ju ly 1907, 2% : 1908 to 1910, 4% (J. A J.); 1911, Ja n ., 2% .
BONDS.—The consols ($20,000,000 authorized), besides a Hen on the
entire property, subject only to $3,842,000 prior bonds, have a first Hen on
.all the coal lands: $3,842,000 consols are reserved to retire the existing bonds
(the latter m ay be extended a t m atu rity ). V. 72, p. 338: V. 74, p. 1038;
V. 8 6 , p. 229. Substantially all of the bonds and stock of the Ohio Land
A R y. Co. and the W cllston A Jackson Belt R y., 18 miles, are deposited
under said m tge. V. 6 8 . p. 823. G uarantees K anaw ha A Hocking Coal A
Coke Co. bonds. V .7 4,p.27 1 : V. 77. p. 2393: V. 81, p. 507.781: also Con­
tinental Coal Co. bonds. V . 75. p. 497. 987: V. 8 8 , g. 1127. In Ju ne 1908
control of Sunday Creek Co., which operates all the coal properties (see
"In d u strials” ), was sold, to be held In tru st and re-conveyed to com pany.
Litigation, V. 91. p. 1253.
E A R N IN G S .— 8 m o s.,(1910-11 . Gross, $5,088,385; n et, $1,804,873
Ju ly 1 to F eb. 28. U 909-10___ Gross, 5,190,707; n et, 2,021,420
ANNUAL R E P O R T .—Traffic Is m ostly freight, and over 6 8 % of th is Is
bitum inous coal. A verage train-load Is large—In 1910, 649 tons.
R eport for year ending Ju ne 30 1910 In V. 91, p. 863. 884.
Year ending June 30—
1909-10.
1908-09.
1907-08.
O perating revenue--------------------- . $7,569,330 $5,878,414 $5,841,763*
N et (after taxes)..................................... .. $2,627,580 $1,716,592 $1,533,887
O ther Incom e............................................... 1.090.989 1,008,995
1,019,926
Gross corporate Income__
-- $3,718,569 $2,725,587 $2,553,813

64

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[Far abbreviations, tfee., see notes on first page\
H o n d u ras N a t— 1st M $10,000,000 auth red 105 aft **15
H oosac T unn el & VVilming — 1st M $250,000 auth g_OB
H ous Belt & T er — 1st M $5,000,000 g red 105 textCcc*
H ou s E & VV T ex as — 1st M gu p A l by So P a c .. Un.c*
First m tge $.3,000,000 gold not guaranteed________
H ou s & T ex C RR— 1st M 1 gr g red 110 Int gu.Ce.c* Ar

Cons M land g rap t gpld red a t 110 Int guar. F.c*Ar
General m ortgage gbld Interest guar end._M p.c*A r
W aco & N W IMv 1st M g $25,000 p m ___ Cc.c*Ar
A ustin A N W (merged) 1st M g g u p & I . -Mp.c* Ar
F t W orth & New Orleans 1st M (W ax to F t W orth)
C Tex A N W 1st M guar So Pac (Gar to W ax). F
M ortgage on cut-off $3,000,000 authorized.
H ud son C om panies —Common stock $5,000,000
Pref 7% cum and p artic see tex t $16,000,000
Secured gold notes redeem able a t par
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
H udson A M an h at— 1st M $100,000,000 conv.S.xc* Ar
New York A Jersey first m ortgage red llO .-G .c*
Car trusts $4G,000, due sem i-an n u ally .............. _G
Car tru sts ser B g due $25,000 s-a (VDl.p 1253) G.c
Car tru st series C (see te x t) _____________________
H u n tin g d o n & B road T op — Common sto ck _____. . .
Preferred stock 7% non-cum ulatlve____________
First M extended In 1890 (Int only In gold)___ GP
Second M old 7s extended In 1895 p A I gold___ GP
T hird 'M consol, extended In gold In 1895..GP.C*
14th Ser car tru st last Installm ent__________ PcP
Car trusts gold due $33,000 yearly(V 84,p 1424)Idah o A W a sh N or —F irst M gold red te x t------------ IC
Five-year convert notes red te x t.. ............— G.c*
Idah o S o u th e rn —1st lien notes p art due y ’ly red 102 M

Miles Date
Road Bonds
1910

1892
_25
_ 1907

191
191
453
453
453
58
103
41
12
94

1893
1893
1890
1890
1890
1900
1891
1895
1881
1910

1908
1909
1910
1910
1910
1907
1902
1909
1910
1911

70
70
70 1854
70 1857
70 1865
1899
1907
113 1907
1910
1909

Am ount
Par
Value Outstanding

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

6
J A J Feb 1 1940
(?) .
5 g M A S Sept 1 1922
$240,000
Old Colony T r Oo, Boston
See tex t.
J A J ly 1 1937
6 g
C entral T ru st Co, N Y
2.512.000
5 g M A N Ju
May
1
1933
120 B roadw ay, New Y ork
488.000
5 g M A N May 1 1933
do
do
1.873.000
5 g J A J July 1 1937
120
B roadw ay, N ewYork
230.000
6 g
A A O Oct 1 1912
do
do
4.275.000
4 g A A O Apr 1 1921
l
do
do
1.105.000
6 g
M A N May 1 1930
do
do
1.920.000
5 g J A J Ju ly 1 1941
l
do
do
709.000
6
J A D Deo 1 1925
do
do
180.000
6
A
A
O
Oct
1
1911
do
do
N oneFeb.l 1 6
1940
5.000. 000
10 0
10 0 16,000,000
See text
1.0 0 0
6 g
A A" 6 O ct 15 1911
H arvey Fisk A Sons, N Y
1 .000
2.850.000
5 g F A A Aug 1 1912
do
do
1,0 0 0 10.135.000
6 g
F A A Feb 1 1913
do
do
1 ,0 0 0
2 .0 0 0 . 000
5 g F A A Nov 15 1913
do
do
See text
1.0 0 0
A
A
015
6 g
O
ct
15
1913
do
do
$, £ or fr 64.379.000
4)4 g F A A Feb 1 1957
S
tandard
T
ru
st
Co,
N Y
1,0 0 0
5.000.
0005 g F A A Feb 1 1932
G
uaranty
T
rust
Co,
N Y
1,0 0 0
736.000
6
M
A
S
Sep
’11-Mch
*19
do
do
l ,000
475.000
o
g
A
A
O
O
ct
’11-Oct
’20
d
a
do
Sec text
50, 1,371,750 See text j A j Jan 28 1904 1% Phlla office,No Am Bldg
50 2 .0 0 0 . See
000 text J
A J
25 1908 3M
do
do
500
416.000
4 g A A O Jan
30 1920
do
do
500
4 g F A A Sept
Feb
1
1925
do
do
1 ,0 0 0
54 If A A O Mch 31 1925
do
do
1 ,0 0 0
J A D Dec 1 1911
Penn
Co
for
Ins,A
hil
1.0 0 0
' 4>* g A A O To Oct 1 1921 Plxlla T r S D A Insc..P
Co
l .000 3.390.000
5 g M A N May 1 1932
111 T r A Sav Bk, Chicago
1 ,0 0 0
1.200.000
6
J A I) Dec 1 1915
1 ,0 0 0
500,000
M A N May 1 *12-’14 Commonw’h T r C o,Pitts
6

$ 1,0 0 0

1,0 0 0
1 .0 0 0
1,0 0 0
1.0 0 0
1.0 0 0
.000
1.0 0 0
,000
1.0 0 0
1 ,0 0 0

Year ending Jun e 30—
1909-10.
1908-09.
1907-08.
Fixed charges, A c -------------$1,178,804 $1,209,597 $1,189,131
Dividends on p referred.. ........
533,028
600,000
600,000
Dividends on com m on, 4 % ________
440,000
440.000
440,000
Im p ro v e m e n ts... -----------101,754
79,655
101,754
Balance, surplus-----------------------------$1,464,983
$396,334 ^222,928
O FF IC E R S.— P res.. Geo. W . Stevens; Sec. and T reas., J . S tcu art
MacKle; A sst. See. and T reas., W . N. C ott. Columbus.
D IR EC TO R S.— F rank Trum bull (Chairm an), Edw in H aw ley, F . A*
Vanderllp and Thos. H . H ubbard, New York; Geo. W . Stevens, R ichm ond’
Va.: J . B. Zcrble and Jam es H . H oyt. Cleveland; P. W . H untington, S. P*
Bush, R . S. W arner and F . B. Sheldon, Columbus. O.; S. C. R eynolds’
Toledo, O.; D ecatur A xtell, Richm ond, V a.— (V. 92, p. 1032.)
HOOSAC TUNNEL A WILMINGTON RR.— N ARRO W G AU G E.—
H oosac T unnel, M ass., to W ilm ington, V t.. 25 miles. Stock, $250,000; par,
$100. Dividends: In 1903, 2% ; year 1905-06, 3% ; none since. Earnings
for 1909-10, gross, $79,978: net, $27,824: bond Int., $11,950; b al., su r..
$15,874. P res., John P . K ellas, M alone, N . Y .— (V. 79, p. 903.)
HOUSTON BELT LINO & TERMINAL RY.— Owns a term inal linc In
and around H ouston, T ex., 20 miles, w ith large freight and passenger ter­
m inals. Controlled by four proprietary roads, viz.. Col. Southern. New
Orleans A Pacific (St. L . A San F ran .), T rinity A Brazos Valley (C ol.South­
ern), S t. Louis Brownsville A Mexico and Gulf Colorado A S an ta Fe (Atchi­
son system ), which each own one-fourth of the stock and under a 99-year
lease from Ju ly 1 1907 agree to pay under a pro ra ta wheclagc basis operat­
ing expenses. Interest on bonds and annual sinking fund of 1% of bonds
Issued. V. 8 6 , p. 285: V. 89, p. 1668. Incorporated Aug. 31 1905 w ith
$25,000 (nominal) stock. The 5s of 1907 ($5,000,000 a u th . Issue) are sub­
ject to call as a whole a t 105 after Ju ly 1 1917 or for a yearly sinking fund
of 1% of the am ount outstanding. In 1909 Texas R R . Comtn. a u th . Issue
of $2,246,000 bonds, of which $43,000 retired by sinking fund to June 1910.
In April 1911 application was m ade to Issue $2,200,000 additional. V. 92,
p. 956.— (V. 8 8 . p. 883, 1253. 1313; V. 89, p. 1668: V. 92. p. 956.)
HOUSTON & BRAZOS VALLEY RR.— Owns A nchor to Velasco. T ex.,
20 miles. To be extended from A nchor about 100 miles, with branch to
H ouston, 20 miles. Controlled by B. F. Yoakum of S t. Louis A San F ran ­
cisco R R . and associates. Stock authorized, $120,000; outstanding, $21.­
000. Bonds, $200,000 1st 30-year 5s ($1,000 each), due July 1 1937: in t.
J . & J.: M ercantile T ru st Co. of S t. Louis, trustee. For year 1908-09,
gross, $19,026; operating dcllcit, $164; taxes. $995.— (V. 85. p. 793.)
HOUSTON EAST A WEST TEXAS RY.— (See M ap \of Southern Pacific.—
Owns from H ouston, T ex., to Sabine River a t Logansport, 191 miles.
Stock $1,920,000, of which $1,919,200 owned by So. Pac. Co., which has
guaranteed' $2,512,000 of the bonds, prln. and Int., by endorsem ent, re­
serving the righ t to redeem them a t 105 and in t. on 6 m os.’ notice.
D lv., 16% paid In 1902-03. 30% in 1907-08 and 10% In 1909-10, o ut of
accum ulated surplus. G uaranty, V. 70, p. 841; V. 71, p. 236.
Y ear 1909-10, gross, $1,279,312: net, lncl. other Inc., $460,385; charges,
$253,277: bal., sur., $207,108.— (V. 78, p. 2384.)
HOUSTON & TEXAS CENTRAL RAI L.ROA D . — (See M ap of Southern
P acific.)— Owns from H ouston, T ex., to Denison, T ex., 338 miles; H em p­
stead, T ex., to Llano, Tex., via A ustin, 215 miles; Brcm ond to Ross, T ex.,
55 m .; G arrett to F t. W orth, 53 m .; M exla to Ncllcva, 94 m.; other, 34 in.;
total, 789 miles. Successor 1893 to railway foreclosed. V. 45. p. 792, 820.
S T O C K .-^ to ck , $10,000,000, of which the Southern Paclilc Co. owned
$9,998,300, pra $100. V. 76. p. 1084. 1192, 1407. In 1902-03 a dividend
of 6 % was paid o ut of accum ulated surplus. V. 76, p. 1407.
BONDS.—T he bonds are being gradually reduced w ith proceeds of land
sales. The first mortgage was for $8,634,000. The first mtge. bonds and
the consolidated mtge. bonds m ay be called for redem ption a t 1 1 0 w ith pro­
ceeds Qf*J&nd sales. .See abstracts of all the m ortgages in V. 52, p. 242.
Of th e $5,068,000 consolidated 6 s authorized, $1,149,000 (not included In
the am ount outstanding above) are held as p art security for the general 4s.
T here were also Ju ne 30 1910 $450,000 Lam pasas extension interim 5s
owned by so uth ern Pac. Co. or in sinking funds of proprietary com panies.
In May 1910 permission was given to Issue $2,383,000 1st M. 30-ycar
6 % bonds onThe cut-off from Mexla to Nellcva, 94 miles, and also $484,393
for th e com pletion and im provem ent of the road. V. 90, p. 914, 1363.
LAN DS.— The lands June 30 1910 held for cancellation of bonds con­
sisted of 1,636 acres; land contracts, $1,216,507. V. 65, p 869
Y ear. 1909-10, gross, $5,699,805; net, $1,492,444; other income. $96,199;
charges, $936,915; bal., sur., $651,728.— (V. 91, p. 336; V. 92, p. 881.)
HUDSON COM PA NIESs— Incorporated Jan . 9 1905 under laws of New
York S tate. Organized to build Hudson A M anhattan R R . (which sec be­
low), which it controls. The building erected a t 33d S t. and B roadw ay,
N ’ Jlo ;l4\ ,a 234;
o ^ IewV.eoo
t0
was com pleted Ju ne 15 1910. V. 90.
p.
8 8 , p. 748, 1127.
Ownership of equities in N. Y. City property is stated to be $4,500,000.
CAPITA L STO CK .—A uth. and outstanding, $16,000,000 pref. and
$5,000,000 com mon; par $100. Pref. stock to receive 7% cum ulative divi­
dends and also entitled to one-fourth of any other dividends.
A uthorized am ount, Issue dated Feb. 1910, $11,000,000, for refunding
Ac.; outstanding, Mch. 1911, $10,135,000. V. 90, p. 502. Holders of the
$3,992,500 6 % notes due O ct. 15 1911 were offered the privilege until A pr. I
1911 of exchange for new notes due O ct. 15 1913 (of which $6,141,500 were
outstanding M ch. 22 1911), also secured by 150% In Hudson A M anhattan
4 H % bonds convertible Into bonds during 1911 a t 85, 1912 at 87*4 and
1913 a t 90. V. 92. p. 322, 881.
SEC U RED GOLD N OTES.— Holders of the notes of the Issue of O ct.
1908 have the option of taking paym ent a t m atu rity , or when called, In
first m tge. bonds of the H udson A M anhattan R R . Co., a t price of 85 and
Interest, and of the notes of the 1909 an d Feb. 1910 Issues a t 95 and Int




Rate
%

[VOL. LXXXXII.

All the notes are secured by pledge of II. A M. R R . Co. 1st m tge 4*4%
bonds, due 1957. at rate of $1,500 of bonds for each $1,000 note o u tstan d ­
ing. V. 8 6 . p. 285, 547; V. 87, p. 37; V. 8 8 . p. 1196; V. 89. p. 1280; V 90.
p. 447, 502.
R E P O R T .— R eport for cal. year 1910, V. 92, p. 113.
D IRECTO RS, Ac.— W . G. O akm an, Pliny Fisk, G rant B. Schley, W . C.
Lane, John W . Simpson, W in. M. B arnum , A lbert A. T ilncy, K enyon B..
Conger, W m. H enry B arnum , Charles F . Adam s 2d, A rth u r B. W estcrvelt, P. G. B artlett. W . G. O akm an, Pres.; W m. H enry B arnum , V .-P
and T reas.; W . C. K inney. A sst. T reas.: W m. Evcrdell J r ., Sec. Office, 62
Cedar S t.. N. Y. C ity.— (V. 90, p. 1614; V. 92. p. 113, 322, 881.)
H U DSO N & M ANHATTAN R R . — (See M a p .)— Owns and operates
double-tube tunnel from 6 th Ave. and 33d S t., N. Y. C ity, under the H ud­
son R iver to the Del. Lack. A W est. R R . station, Hobokon. N. J ., about
3M m .; opened Feb. 26 1908; also double-tube tunnel from Hoboken south­
w ardly through the Eric and Pennsylvania R R . stations In Jersey City and
thence under the H udson R iver to the Hudson Term inal Buildings on Church
b t.(on e block west of B roadw ay), extending from C ortlandt to Fulton S treet,
opJ?£cti..on *!uly I® 1909, m aking total double-track tunnel In operatic 7 k m .
Une betw een 23d and 33d Sts. was opened on Nov. 10 1910. In May
1909 permission was granted for further extension to 42d S t. and Grand
Central S tation. A branch will also be built from 6 th Ave. under 9th S t to
a connection w ith the Subw ay a t 4th Ave. V. 87, p. 37, 614, 1011; V 8 8 ’ n
V 492U p 7 32237- 162° ! V ' 89' P '
V' °°' P'
An extension ot about 'A mile from the Penn. R R . station In Jersey C ity to
Henderson S t., Jersey City, was opened for traffic Sept. 0 1910. This line
Is being further extended to Sum m it A ve., Jersey C ity, w here a connection
with the present m ain line of the P. RR.wlU be m ade, and a through service
will bo given over this line from Hudson Term inal nidgs. to New ark, N. J .
probably In the sum m er ot 1911, under a traffic agreem ent. V. 90, p 035
1041; V. 91, p. 270. The Hudson Term inal n idgs., the largest office build­
ings In the w orld, were opened M ay 1 1908. T rains, clcctrlo and all-steel.
.o H 9 P K ;^ 9 S ,m m on’ 510,000.000: outstanding.M ch. 31 1911, lncl. scrip,
*39,994,890; 5% non-cum . pref., w ith preference also as to assets, and conVMtlblc after Ju ly 1 1911 Into com m on stock a t 110, authorized Issue 510.­
000,000; outstanding, 55,242,151. P ar 5100. See "H udson C os." above.
BONDS.—Of the 1st 4 ) 4s, 502,155,000, In connection w ith 540,000,000
common and 5o,250,000 pref. stock, have been Issued on account of tun­
nels, stations,pow er houses and exten sio n s,an d the two buildings a t the
Hudson Term inal In New Y ork. Of the rem ainder, *5,500,000 will be used
to retire the 55,000,000 N. Y. & Jersey 5% bonds redeem able a t 110, leav­
ing for future use 530,121,000 bonds and 57,500,000 pref. stock.
The bonds will be convertible on any Interest day after Feb. 1 1912 a t
par Into com mon stock a t 5 110 per share, w ith provisions to protect the
bondholders when com m on stock. In addition to the 540.000,000 a t present
authorized and the further am ount necessary to convert the bonds. Is Issued.
In Feb. 1909 5920,000 5% car trusts were sold and In O ct. 1910 5500,000.
V. 8 8 , p. 505, 024; V .9 1 ,p . 1254. In April 1911 30 m ore cars w ere ordered,
car trusts to be Issued therefor. V. 92, p. 1025.
R E P O R T .— R eport for year ending March 31 1911, w ith balance sheet.
In V. 92, p. 1025, showed: Cross (all sources), 54,105.492; net. after taxes.
52,315.052; charges, 52.350,942 (not lncl. 5819,192. p art of Interest
charged to construction); balance, deficit, 541,890.
O FF IC E R S.— Pres., VV G. MoAdoo; V .-P „ W ilbur C. Fisk; T reas., J . S.
O'Ncalc; A sst. T reas., F. W. Walz; Sec., W m . Evcrdell J r .; A sst. See . W m .
J . M artin and K enyon B. Conger: C om pt.. II. S. Corwin; A nd. F It
Silllck. D irectors, Oct 1910. V. 91, p. 1095. N. Y. office, 30 Church S t.
— (V. 91, p. 1253, 1574, 1629; V. 92. p. 322, 595, 1028.)
H U N TIN Q D O N & BROAD T O P MT. R R . & COAL CO .— O w ns from
H untingdon, P a., to M ount Dallas, P a., 45 miles; branohes, Ac 25 miles
D IV S.—
'98. ’99. '00. '01. '02. '03. '04. '05. '06 '07 '08 '09 '10
On co m m o n .-- 0
0 0 0 0 5 1 0 0 0 0 O 0
On p referred .. 5 5 H 7 5 0 7 J 5 « 7 ( j 7 3>< 0 0
ANNUAL R E P O R T .— R eport for 1910 was In V. 92, p. 590.
m ioJ* ................... *101.392
»n 7 o*o-i7
.
,
Interest.
B al..
sur.
5100.190
555,202
1909
659,335
157,209
106 190
51 019
Pres, and Gen. M an., Carl M. Gage.— (V. 92. p. 395, 590.)
IB E R IA & V ER M ILIO N R R .— Salt Mine June, to A bbeville, La., 16
™4n3' S t ?ok ’
wy ° h 5299,500 owned by M organ’s Louisiana
fn 0, r a c -)*_,Bonds, $322,000 llrst m tge. 5s, due
574.882;
$9,052; charges, $25,728; bal.,gross-,
surplus,
$12,242.net, $28,918; other Income,
rLine, to Jerom e, 24 miles, opened from
Idaho,construction
on Oregon Sfrom
hort
Ja n . Gooding.
2 1909; under
Jerom e to Milner, 35 miles, and to be extended to O akley, 25 miles. To be
ultim ate y operated by electricity. Stock $3,000,000. all o u t. P ar $100.
H rst lien 6 % notes, $500,000 (Commonwealth T r. Co., P ittsburgh, trusnn,Ar;
s t mlt?e
r>-s (part
Of an In
authorized
of $3.­
000,000). m ature *25%
$100 qop
May
in -1912,
$150,000
1913 and Issue
$250,000
in
1914. V. 89, p. 778, 919. Pres., W . S. K uhn.— (V. 89, p. 919.)
IDA H O & W A SH IN G TO N N O RTH ERN R R .— Owns M cGuire’s S tation,
Id a ., northerly to M etallnc Falls, 113 miles; trackage to Spokane G rand J e t.,
22 miles; C lagstonebranch, 6 miles. Controls Pend d ’Orcllle R iver N av.
Co. Stock auth ., $5,000,000; outstanding, $3,172,100, $1,600,000 of the
rem ainder being reserved for conversion of 6 % notes of 1910; par $ 1 0 0 .
Bonds arc subject to call, any or all. a t 107 H . from Nov. 1 1912 to M ay 1
1917,
1
iC2*«ter a t 105; $3,390,000 bonds were outstanding, secured on
113 miles. $1,343,000 additional bonds arc issuable at $30,000 per mile
of additional road. V. 89, p. 411; V. 91, p. 1710.
The $1,200,000 5-year convertible 6 % notes dated Dec. 1 1910. issued
to com plete paym ent for road and equipm ent m ay be called for paym ent

it
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gran d

C E N T R A L .'
V ^ . S T A T IO N -

” 4 2 N D 'S T
■ S T A T IO N

,NEWARK'

-E R M l^ L

LACKAW ANNA
’ ST A T IO N W O SO N t

---------

"UNNELS -

e c t io n

IWAY

iRANO_

Apu., 191i.j

RAILWAY STOCKS AND BONDS.

i

North German Uoud
S.S. Co’s Piers ,
Hamburg •American
S.S. Co's Piers




HUDSON Tfe
BUILOlj
3 0 C H t* j§

rD £ Y /S T R E E T %

\C 0 N N E C T I0 N \.»
.WITH S U B W A Y S

'irtityXhurch

M AP OF

HUDSON & MANHATTAN RAILROAD
HUDSON TUNNEL SYSTEM.
DOUBLE TRACK THROUGHOUT.

The Battery\

'urTTel'jtirBrooklyn

AMERICAN BANK NOTE COMPANY, NEW YORK

66

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
IFor abbreviations. <fcc„ see notes on first page]

M iles Date
Hoad Bonds

Illinois C entral—Stock 5123,552,000.............
Leased line 4% stock guaranteed (see rem arks) *
First rntge of S terling bonds old 6 s extend In 1895
1875
18 7 4 for Sterling bonds extended In 1905
1875
$15,000.000 4s of 1886 due 1051 gold
c-& r
secures a l 1 3 J4s of 1880 due 1051 gold c"A r 706 1886
1886
equally .U s 3s of 1805 due 1051 gold
o*Ar
1895
i V 83, p 70) 3M s of 1003 due 1051 gold"" c ’ &v
1903
I rust bonds sterling (sec by Ch S t L & N O consl ll«
1886
First M Sp Dlv ref M (V 00. p 1237) gold Us xc**? 111 1897
K ank A S VV 1st M O tto to Norm al Juno A br
r
1881
Cairo Bridge bonds gold (sec rem arks) ll«V * *r 131 1892
St Louis Dlv A T erm M 510.000,OOOgold Us xc*&r 239 / 1897
dp
55,000.000 (sec V 05. p 1173) g Us xc* Ar
11897
L ndedylug S t LI Bellevue A C arondelct 1 st M ..c "
17 1883
Dlv
A
T crm i-lst
Southern
M g Me c*
30 1886
nal m ortgage
(GarbLouis
A Shaw
1st 1Mst gold
c*
17 1887
Purohased lines 1st M 520,000,000 gold Us Vov Ar 748
1904
R efunding m ortgage gold red (test) a Ac* &7' 2,015 1908
C ollateral tru st bonds gold $ ____
iM r
857
1888
Coll tru s t 525iW)0,000 gold on L N O A T Us c*Ar 798 1892
W estern lines ilrst m ortgago gold
llic » A r
1894
Lh S t L A N O eons M (5 ISTOOO.OOO) g'fnYgu c* Ar 218
567 1881
i i 11™ m K uaranteed prln o lpalan d Interest............ ..
1897
M emphis Dlv 1st M gold guar p A I (end) ifs c* 567
100 1889
Loulsv D A T M 525.000.000 g . . .
Us \ c * Ar 640
1897
,D*1st
y M mb
55. ooo. ooo: u. . s. . x
1900
LItoll DI.v
g 54,000,000.........................
P•
c*a? 130
98
1900
Iowa I*alls A Sioux C ity—See statem en t of D ubuqu ue A Sioux

Par
Am ount
Value Outstanding

Rate
%

[VOL. LXXXXII.

When
Dividend Places Where Interest and
Payable Last
and M aturity Dividends are Payable

$100 $109296000 In 1910 M A
10 , 000,000
4
J A
2.500.000
4g A A
1.000,000
J
A
g
1.500.000
4g J A
2.499.000
J A
3
H
S
£500,000
3 g a\I
3.000.
0003 Mg A AA
£200 5.266.000
3
H gJ A
1.000
0003 K 8 .) A
1,000 2.000.
968.000
5
F A
1,000
3.000.
0004 g J A
500 Ac 8.377.000
A
3
m
e J
1.000 4,998,275
3g J A
1,000
470.000
6 g
J
A
l .000
538.000
4g M A
1,000
241.000
4g M A
t,000
Ac
14.662.000
A
3 x e J
1.000 &c 22.740.000
A
500 Ac 15.000. 000 44 gg M
A A
500 Ac 2 5 .0 0 0 . 0 0 0 4 g M
A
1,000 5.425.000
4g F A
1,000 a 16,635,000
5
g
J
A
D
1,000 1.359.000
3 X BJ A D
1,000 3.500.000
4g J A
500 Ac 23.888.000
A
e J
1.000 &c 5.000.
1,000 3.235.000 00033 gg JF AA
City
100
£200
£200
1,000
1.000
£200
1.000 Ac

8 Mch 1 1911 3 hi 115 B’way, N Y, A Lond
J Jan 1911
do
do
O Apr 1l 1951
London, England
D Dec 1 1950
do
do
J Jan l 1951
115 B roadw ay, New York
J Jan
do
do
S Mch 1 1951
1951
London
() Apr lI 1951
New
Y
ork
and
London
J July
Baring B rothers, London
J Jan 1 1950
1951
115 B roadw ay,N ew York
A Aug 11 1921
do
do
D Dec 1 1950
do
do
J July 1 1951
do
do
J July 1 1951
do
do
I) June 1 1923
do
do
S Sept 1 1931
do
do
S Mch 1 1932
do
do
J July 1952
do
do
N Nov 11 1955
do
do
O Apr
do
do
N Nov 11 1952
195.3
do
do
A Aug 1 1951
do
do
15 June 15 1951
do
do
15 June 15 1951
do
do
D Dec 1 1951
do
do
J July
do
do
A Aug 11 1953
1951
do
do
J Jan 1 1951
do
do

a Includes $5,266,000 consol 5s pledged to secure Illinoi s C cntr al collate ral trust bo nds of 18
86.

P<=0 - } 1 9 J2 a t 105. Deo. 1 1913 a t 104 and Dec. 1 1014 a t 103 anil con­
verted a t option of holder Into com m on stock taken a t S75, S80 $85 and
f1915.
S 9i r“*S2S*5i«*rV“ "oa.00p . 1 1 8 .1' I012, 1 9 1 3 " d 1 9 1 4 “ “D M o n T u n T l
i:fu'wV p ?F e l? S')K "S' ■ iioASMA.................gro ss. 5441.893; net $164,698
102,089

23!;

V“ S:

in a iP 'iP iR n i FIN A .NCES.— On Ju n e 30 1908 thcro were $23,590,000
: payable outstanding. On account of this Indebtedness
oA'ATilin l!,c rs 0(. rc?0rd 1Iay 18 1908 were perm itted to subscribe for $14 h n n lk w o w '. stock a t par. In N ov. 1908 $20,000,000 refunding rntge.
bonds were sold and In Jan . 1 0 1 1 $2,740,000. See above.
EA R N IN G S.— 8 m os.,/1910-11 . -Gross, $41,774,803: n et, $10,462,291
t .wJu* ly™ 1. to Feb. 28. U11909-10.-.
909-10------Gross. 38.817,602: net. 8.014 609
8 9 1 .0 1 5
» ? < * . * 7 .9 2 9 ,5 0 1 , a g s t , $ 5 ,'Int.
and rentals. $4,926,125;
bal. for dlvs. A c., 55.749,571). $2,746,143:
V. 92, p. 527.
R EPO R T .
R eport for i u o o W
g.
879; S
®
,n ° « “ b" *
1908-09.
1907-08.
APassenger
^ ’S earnings
i ^ t t S S - ..........................
V'
1909-44,551
19,
4,547
4,420
-.$11,881,013 $10,865,358 $10,991,798
Freight e arn in g s..
..........
-- 38,777,758 36.003,897 35,357.811
Mall, express, Ac ...............
-- 11.771.290 10,276,257 11,647.118
T otal earnings
$57,145,512 $57,996,727
N et over taxes_____........................... --$62,430,061
.787.921 $13,464,230 $13,417,129
Incom e from Investments*. A cT"TI ----* !23.892,743
3.825,008 2,310,523
Total net Income ....................
$16,680,664 $17,289,238 $15,727,652
Interest on bonds__ ..................
.......................... *8.969,860 $5,703,193 $4,569,860
R ent of subsidiary roads
2.877.606 3,451.908 3,209.395
Dividends on stock (7 %72 ?........................
)...
*
................. 7.650.720 7.650,720 0.652,800
Replacem ent of e q u ip m e;n; -tIIIIIIIII
_____- - 232,267 1,046.963
r ; P!“ r-, -t- ........................ *182.478 $251 .TAl)
average,
See rcpo«
J «*-length In v T lir. p. 1242. 1261.
.‘ ■ 'rear —
Gross.
Gross. ^ o v e r t a x ) . O tH .Ine.C hartn.A e. Ilal., Sur.
1909-10.......$10,384,150
$1,750 $1,249,240 su r.$204,975
1908-09....... 10.035.257 **•452.465
1.019,182 1.750 1,226.010 def. 208.078
H M arkham ;: V. ..-P. A Gen. M gr., D. L
Pa?i<
lv
Gp
R»nd_A>re
8 "Ac hhas
a
s
**■
1 -a.rk a “ d 5.eo-t,A. (;■ Hacks tad; T reas., E . T . II. Gibson
iv J f,iS ,0 7 Y ork ofrlce- *15 Broadway “
■ acn cral
^ ’^ ^ P e a -

& l0,!!,03,™
s . $013,358:
rentals,ye?r
Ac.,^ P$108,48b:
bal.,1168)su•r.,f ° s$41,309.
Presnet,A $200,795Trcas i’ Int ta re s
well. Office, Spirit L ake. Idah o .— (V.’ b I. p. 1710; V. 92?“ .'118. 659 )
ILLIN O IS CENTRAL R R .— (.See Alap.) —R O A D .— O perates from Chlrago. 111...
111., .)().)
southerly
to New
O or
rleans,
L a., 912 1m,1iles,/« ...1.
andvAi.westerly
to Sioux
n IN Wit
Al 1II branches,
Kvanotinn viz.
. .
City, la
., 509 miles,
w ithVl Mil
numm erous
(’which
sec):
Road owned in fe e —
M iles. Leased— Control owned—
M iles
Chicago to Cairo. Ill
Main
cm .,T enn.,to G renada, Miss 100
C cntralla, III., to E ast [stem . 706 M
Yazoo
A
Miss.
Vail.
R
R
.,
Mem­
D ubuque. Io w a ___ j
to N . O. & b ran ches___ 1,370
D ubuque A Sioux City *
760 phis
Louis Alton A T erre H au te. 239
Springfield to E ast S t. L ouis. - 98 S t.Entire
stock owned—
Peoria, III., to Evansville. Ind
A c______ _
1,082
with 6 -m lle branch
_ 234 Branches,
Trackage.
«fcc_______________ 171
Leased—Control owned —
Chicago S t. L. A N. (). R R .,
system Ju n e 30 1910. _ .5,944
Cairo, III., to New O rleans. . 547 OT otal
f which earns, kept separate—
Line to Louisville, A c___ . 637 Yazoo
A Miss. Vail. RR . . . .1,370
R em ainder Included In earnings Ju lly 1 1910____ ________ . . 4 ,5 7 4
.
L E A SE S, A c .— Chartered In Dec. 1850. The com pany pays
to the S tate of Illinois / % (for the 12 m onths ending O ct. 31 1910 $1,217 928) of gross of the 706 miles owned In fee yearly In lieu of taxes. T he ChlJX8/
Is 1W deposited
f5(l fo'.' 4(,)0to>’cars
fro,n
ly 1 1882
t 4% per annum
on Its; * $V1 0w,0 0w0 ,0w0 ?0 stock
secure
theJuleased
line astock.
The entire $5,000,000 capital stock of the Central of Georgia was turned
to the Illinois C entral In Ju ne 1909, b u t the road Is operated Inde­
pendently. Sec th at com pany. V. 8 6 , p. 6 6 8 : V. 8 8 , p. 1559
Indlanap. 8 0 11 th . R y.. Indianapolis, Ind., to Effingham . III., 177 m is
owned, but separately operated. Foreclosure sale set for May 5 1911 under
rntge., all the bonds being owned by the 111. Cent. V <Y> n 461- v 78
p. 2442; V. 79. p . 733. 968; V. 85. p. 798; V. 89. p. 2 8 $ V ?0 2 ?p . U8 6 .
^ j ^ E I T A L STO C K .—T he leased line stock Is secured hv denoVlt nf <in 000.000 Chicago S t. Louis & New Orleans stock. (V. 65 i> 107! v * '
Stockholders voted M ay 18 1908 to Increase the stock from to*, n,in non Transfer, lm iw ^ l'o a 8 6 m ^ p 'h ^ ? wnK Sa ltm *? m sm arok (Including River
ra!; Rosborongh branch™ S n ,S £ C?).erDbrt noh'
J c t- *<> Chester, 10.70
m.: lexises H l^ e V L ^ ^ k a ^ f ^ ^ a n c h ^ T o 0 !1^ ' . f e ^ ^ T m T 'lA V iS f ’S?
m . Suooessor Juno 1 1900 of the C cntralla A Chester IU l.. forcclM cd.
DIVS 1 '87. '8 8 .'8 9 . '90. -91--99. '0 0 .'01Sep.-()4-05 to ' 10 1 0 1 1
C o m .s tk ./ 7 7 5 « l i 5 yearly 5 H 0 yearly 7 y e a rly M oh.,3 W
BONDS.— Cairo bridae. Sec adv . In "C hronicle." May 7 1892.
p « o o k o' ^
The trust bonds of 1886 are secured by deposit of $5,266,000 CiiioAiro St
A New Orleans consols of 1881: also by a lien on the road. See V
n
T he collateral trust bonds of 1952 are scciircd“ by“picdgo^'wRlf'the'ir34*! on^’letflem ^n t of th e w ih h n lS S T u o ‘p i67 B° b a n k 8 J a " ' 1 9 1 0
Trust Co. of New York of $16,350,000 5% 1st m ortgage gold bonds ‘o f
subsidiary railroads covering 854 miles. See list. V. 557 p* 550.
1
The $25,000,000 collateral trust bonds of 1953 arc
,, a™ 8 '7 *<9 *i*0e
<^ntra| SStaTlonf OWcago^HL
m iA m n 1st
i V rntge.
N,’ W\ bonds,
* T exa*
(now$6Yazo°
* Mississippi v illo y | ' j { U i- —
900.000
except
8 ,0 0 0 , all the $9,101,000 rntge ineoinA
TERMINAL RR.—Owns term inals a t A lton. III., and road
and all b u t $96,000 of the $10,000,000 land grant Incomes Seo advertK ef ntio011 #to
b miles; H artford to Edw ardsvlllo Je t., 7 1 m •
nuint In "C hronicle" Ju n e 11 1892, and V. 54. p. 961; v!(>l n l L 1
- Edw ardsvlllc Jc t. to Edw ardsvlllc, 1.6 m . Stock
auction S t. Louis * New Orleans 5s have their Interest guaranteed <bv trn n Snfn n m
l909;Geo.
10' «ro*»'
5174.052;
$79,048;
endorsem ent) until the principal Is paid. T he 3 Ms of 1897 are g u i priu- 531,198, bal., $47,850. P res.,
M. Levis.—
(V. net.
79, p.
2205.) Int., Ac .'
elpal and Interest, by endorsem ent—see guaranty, V. 65, p 1 0 7 1 "
1he Western Lines loan of 1894. see "Supplem ent" of Jail! 1899'
I L L I N O I S T U N N E L C O . —Sec Chicago Subw ay Co.— (V. 91, p. 870.)
„ ,T he S t. Louis, htviston a Terminal bonds arc for $15,000,000 authorl 7 ed
R B O R b e l t R R . — Owns W hiting, Ind., to Blue Island*
nrnAnrnJAJ ’.OOO'/’O*)
per cents; $3,600,000 were Issuable for lm- . ‘ N .D IAi uNi A H' AiV!«(>ook
.P
1to
w 'Franklin
“ “ 151111 t P
' l ark,
i r K , I111.,
I I . , 111.2
1 . 4S m .; Argo to U nlonStook
PfviVc n f n tV “oulpm ent. Ac., and $1,499,000 are held to retire $1 400 000 AV «mr , il 7 n <Chicago,
.: S tate 1,nc
line to Grasselll, Ind.,
Ind. 5.3 m .; branch. I 3 m •
I10.3
? * 3 m ,:
underlying bonds still outstanding on the S t. Louis Alton A T If 'system - Islanrt
5°,‘aL 0ow"
cd -.42-6 r*n
In ,:.op^
-; operates
Jointly Chicago Term
Tci . Transfer H R .,’ Blue
WTnCd,f
ai es Jolntly
A bstract of rntge In V. 6 6 . p. 138. See also V. 6 6 . p. 133: V. 71 p 546
i‘iorv
7 to H 0?!??!!.*.
m ,:Ry.
m ,sc-V.trackage.
50.1 m .; V.
total,
$ 1 n o 'm n wv/."!;
Tenntn" 1
*s for $25,000,000; of the bonds Nov
N°
^
L
1907.
ac<lu
rcd
C
h,cJune.
85.
p.
1270,
80 n106lfis3 i
A Vashvim. sn
ry r ‘ ? I’orchase the 46 m. (Cecilia br.) from Louisville ndt Mloh°UpAn¥ldlnSl J 2 *4 5 0 *000, all owned by Lake 1209;
Shore
A
iVl/oii So
New OHniAs t .'A HH* r° H!e * N - bonds thereon. Chicago S t. Louis A an
andMinr
M iich,C
nds."' Of the
$ 2 6 000
^ 0 0 000
00
Sn i Scent.,
n t" w *d c *1 guarantee "the"&
the bonds.
the bonds
bonds (($25
V 66° ., p i ?
AU. t,>.th0. *-oulsv- D lv- and Joined In m aking rntge. See

K M - A * ”K S A A t t S

516®VP66?p. fKi:LbVLr67.t ^ ' S i ^ ' T o T l ! ' ,a “ - 189° ' V' 05' P' 387'
J0 ^20,000,000
cover various
JuM.a ndv!0b !a rin ntS m tTaht ° 2 % ™ ^
mminor
iMn
v • 9 5 ihe }<
bonds$14,662,000authorized)
have been Issued
on 748 fro m 'jX Uldi907Pfjrm5ent
urv
hi
ru
S
.nY
bra7°!?J,nes
Purchased
(of
which
$2,662,000
treasmatiirltv aoas’Aaii ,a mll th<; remaining $5,338,000 Is reserved Into the
retire
at
(see bond*2S«*?L!,0,!<k ofi oS?Akakec & Southwestern lsts due 1921 ? o f S S ? h S ; ° I ! S Nw^ V
a ^ ^ - P o d s 7^ ‘ and ieMes

v?86,rp.yios!—rJ°8.,f, P ilrohy. U°.

^ Vr 87r in V . ^
See

i W (aiifhorizcd ‘ ta u e $110.000.600.

L ° n a2 L lt}$ercst dai r beginning N ov. I 1918.
p * “ 'o: V ' !)2, p. 261, 527. Cover the main
Dlviifon. ^^St.YtmteDMsIonf Amfa9RMa?of° 2 0^ m l h » ’6ub% oP tl?exIs^
*8 M
^ ,0° 0,under
,ncl- 111.
*2.000.000
H avana
A W est. 5s and Itantoul U R. 5s
pledged
Cont. goldChic.
4s of
1052.
vn'rM
tH
C°mWl>lc>>
*8
m 260,000 R e/undtno Bonds Unissued were Reserved.
To retire a like am ount of prior hen bonds
$59,026 000
AddJtlonal m ain track, tunnels and bridges. puVchaso of real
estate, Im provem ents, funding of Indebtedness. A c ________ 28 234 000
.non (U. S. mMtg.
3 A T r. Co.,Ilcn4%
gold $30,000,000
equip,
rntge. dueJa'n . 1
1923
trustee).
V. 8 6 . p. 1042.
1343.
1& 7

thc'14%to» * ®

v

iin^ thp Phip iirV; ^Vnr.ninXu




a?POLiITAN
CO.—ORGANIZATION.—Iooor1pofatIdo?Jan0
ho i n t o r i m i p 24
H(i..190
J ,B. aTan
am algam ation
(per plan V. 82. n 217 280) of
19 0 7 3&rbo% °Sffi 5 a^ ld.% ansIt
and M etropolitan S treet Ry ’in Feb.
S4 9 77 4 (w’inn2nf i2 °« 535,000,000 stock of th c Intcrb. R apid tr a n s it Co .
St. Ry. stock and $29^373/l0»
........... .... Co.,
S S ^ K n ^ K S P ’S S S M c f e o p o l l t a n Securities
“ Its
‘ ‘holding
*"
TV»nP,'f?yAnhaK ,bccn “ O ulred. V. 82, p . 692. Sec
. . . Interborough
...........................................
Rapid
Favorable deeismA av d J v-letr 0 |A'o SSr
*« " Electric R ailw ay" S ection.
pointed for \?itrnn* stre e t r>*
®e p t*the
^9^7Now
receivers
wereRapR y. and of ItsIr?lessee,
York City
y..
S tre e t R y° d lv U e”
^ S S S r " »V.n«85,* ^p.r»793, 9864:
° ; V. 89,
M etropoU
p. 593.tan




68

RAILW AY STO CK S A N D BONDS

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page]

Miles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

Illinois S outhern— 1st M gold $5,000,000................... c*
Illinois T erm inal— 1st M $500,000 gold red p ar____1C
Illinois Tunnel Co—See Chicago Subw ay Co.
Indiana D ecatur & W estern—See CIn Ind & W estern
Indiana H arbor Belt— Gen M $25,000,000 g-G .xc*& r
do
do
do
____
Chic H am Sc W first m ortgage gold assum ed. _c*&r
Indiana Illinois & Iow a—See Chicago Ind Sc South.
Indianapolis & Louisville— See Chicago Indianapolis
Indianapolis Un— 1st M gold s t not callable____FP.c*
Interborough-,Viet Co—Com stock $100,000,000 auth
P ref stk 5% cum (also pref as to assets) $55,000,000
Coll tru st bonds gold sec by In t R T s to c k ... c ’ &r
Coll tru st notes $15,000,000 gold call 102____Mc.c
Collateral tru st notes extended in 1908 and 1910
Five-year notes.......... ......................
Interborough Rapid T ran sit—Stock $35.000",666111“
Gold M bonds $55,000,000 red 105 (text) G.xc*r*
N otes to be paid M ay 1 1911..
G xc*r*
International & Great N orthern—F irst m tge gold____
Second m ortgage g o ld ..______________________p tC*
3d M ($3,000,000) form erly Inc, fncl scrip"g. jvte.c*
Colorado Bridge bonds sinking fun d ..........................F
Interoceanic Ry of Mex— 1st pref stk, 5% n on-cum ..
Second preferred stock 4 % __ __
4% debenture stock subj to call a t par £1,150,000
D ebenture stock 7% " B fl subj to call 120 non-cum
Second debenture stock red a t 105 after 1911 (text)
Mex E deb stock £450.000 guar red a t 105 beg 1914

132 1903
Text 1005

$1,000 $4,600,000
450,000
1,000

4g
5g




l x x x x ii .

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable
J Sc D Dec 1 1953
J Sc J Jan 2 1925

1907 1,000 &c 2,500,000
2 -4 g J Sc J
1 1957
1,725.000
1907
4 g J Sc J July
July 1 1957
27.48 1897 500 Sec 2,500,000
6 g j & j Jan 1 1927
Sc Lou Isvlllc
1,000
920,000
93 1886
4)4 g M A N May 1 1926
100 93,262,192
100 45,740,000 See tex t Q—J July l ’07 I X ?
1906 1,000 See 67,825,000
A Sc O Apr 1 1956
1907 1,000 Scc As collatera 1 45 Hg g J Sc J Ju
ly 1 1911
2,549.400
6
1907
Ju ly l 1911
4,000,000
1910
6
j
&
J
Ju
100 35,000,000 9 In 1010 Q— J A prly 11 1915
T ext
1911
1907 1.000 Sec 30,552,000
5 g M Sc N Nov 1 1952
1908 1,000 See 4,584,000
6 g M Sc N May 1 1911
1,109 1879 500 Sec 11,291.000
6 g M Sc N Nov 1 1919
1.109 1881 500 &0 10,391.000 See tex t M Sc S Sept
1 1909
1.109 1892 500 &c 2,966,052
4 g M Sc S Sept 1 1921
1,000
198,000
1880
7
M
&
N
May
1
1920
£100 £1,400,000 5 In 1910
Nov 19 19102 \
£100 £1.000.000 4 III 1910
Nov 19 1910 4°/
£1,150,000
4
Sept 15 1950
£100 £469,459
7
7 ’09-’10
15 1950
£100 £1,150,000
4M M Sc N 30 Sept
1950
£100 £400,000
5
J Sc D 15 Jan 1 1984

Mileage o f Companies Comprising Interborough-Metropolitan System.
Interborough Rapid T ran sit Co., subw ay........................................81.94 miles
Elevated (M anhattan R ailw ay, leased)_______________________ 118.03 miles
Surface lines owned or controlled by Intcrb. R ap. T ran. C o .. 154.03 miles
New York C ity Railw ay and subsidiary com panies......................519.46 miles
T otal (single t r a c k ) . ..,.........................................................................873.46 miles
STO CK.— The pref. stock has voting power upon default of paym ent of
dividend thereon. V. 82, p. 217, 280.
.
D IV ID E N D S.— DIv. on pref., 1 H % q u ar., paid Ju ly 2 1906 to Ju ly 1907
Inclusive: none since to Apr. 1911. V. 85. p. 600.
VOTING T R U ST .— Over 75% of the common and a m ajority of the pref.
are deposited under a voting trust agreem ent to M arch 6 1916, subject to
term ination In the discretion of the voting trustees, viz.: A ugust Belm ont,
Edw ard J . B erw lnd, A ndrew Freedm an, Theodore P . Shonts and Cornelius
V anderbilt. V. 92, p. 461, 527, 659, 1108.
BONDS.—T he collateral trust 4 ^ s of 1906 (W indsor T ru st Co., N. Y.,
trustee) are secured by pledge of all the stock of the Interborough Rapid
T ransit Co. or voting tru st certificates therefor acquired a t the rate of $1,000
In bonds for $500 Interborough R apid T ransit stock. V. 82, p. 280. A
$500,000 5% m tge. due In 1911 covers property In 218th S t. V. 83, p. 95.
The coll, tru st 5% notes of 1907 extended In 1910 ($15,000,000 auth .
Issue) can be Issued only pro ra ta as the collateral m entioned (V. 84, p. 1248)
In the deed of tru st Is deposited. Collateral m ay be w ithdraw n on deposit
of an am ount of cash as fixed by the deed of tru st or additional notes of
M etropolitan Street R y. There arc $2,549,400 6% notes (extended) due
July l 1911. V. 85. p. 1401; V. 86. p. 1285: V. 90, p. 1491.
In Ju ly 1910 $4,000,000 notes were sold to settle litigation and to be
credited on account of stock liability In M etropolitan Securities Co. V. 91,
p. 38: V. 92, p. 183.
E A R N IN G S.— For 3 m os. ending Mch. 31 1911, total receipts, $846,703;
Int. and taxes, $919,594; bal., def., $72,891.
R E P O R T .— R eport of holding com pany for year ending Dec. 31 1910
was In V. 92, p. 183. T otal receipts, $3,261,243; Interest, taxes, &o.,
$3,205,733; balance, surplus, $55,510.
O FF IC E R S.— Pres., T . P . Shonts; V .-P., J. B. M cDonald. Office, 165
B roadw ay, N. Y.— (V. 92, p. 183, 461. 527, 659, 956. 1108.)
IN T ER B O R O U G H R A P I D T R A N SIT CO.— (See A /ap.)— Incorporated
May 6 1902 In N. Y., and Is now operating m unicipal tunnel R R . In N . Y.
C ity, extending, w ith tw o tracks, from B attery to City H all, and as a fourtrack line from the City Hall (with tw o-track loop a t th at point) under new
Elm S t., Fourth and P ark aves., to 42d S t., thence under 42d S t. and B road­
way to 103d S t.; also as tw o-track lines, p artly viaduct, (a) from 103d S t.,
on the W est Side, to Van C ortlandt P ark, (b) from 103d S t. to the E ast Side
and Bronx P ark. Extension (two-track) under the E ast R iver via Fulton
and Flatbush aves. to A tlantic A ve., Brooklyn, 2 H miles, there conncctng w ith the Long Island R R ., was opened May 1 1908. Total, about 82
m . of track (Inch 9 m. sidings, See.) on 2 5 H miles of road (of which 18 Vi
subw ay and 7 elevated); leases M anhattan (Elevated) R y., 118 m .: surface
lines owned or controlled, 155 m .; to tal, 355 miles. V. 77, p. 827; V. 80,
p. 222. 1912; V. 84, p. 1306: V. 85, p. 600, 654, 1005; V. 86. p. 108. 1100.
Owns stock of N. Y. Sc Queens County R y., 74 miles, and (Jointly with
Long Island RR.) the N. Y. Sc L. I. T raction Co., 56 miles. V. 80, p. 2621;
V. 83. p. 818; V. 86, p. 1100.
In Apr. 1911 decision was pending on com pany’s offer to turn over to the
city the title to the Stclnw ay tunnel (N. Y. Sc L. r. R R .), In consideration
of the right (a) to operate It (when com pleted) on the sam e term s as the sub­
w ay north of City Hall; (b) to third-track the elevated lines and build ex­
tensions thereto In the B ronx, a t an estim ated cost of $32,000,000. As to
offer to build and equip new subw ay In M anhattan, Brooklyn and the
Bronx (paying p art c o st),an d to operate the sam e, the original con tract as
well as this new one to run until 1959, sec V. 91. p. 1574; V. 92, p . 118;
V. 91, p. 870, 913; V. 89, p. 1069; V. 90. p. 1554, 1614; V. 91, p. 1254, 1574.
CONTROL.— In Dec. 1907 $33,912,500 of the $35,000,000 sto ck had
been exchanged for 200% In 4 >£% collateral trust bonds of the Interborough
M etropolitan Co. (which see above), secured by the stock exchanged.
CONTRACTS.— C ontract with city called for the construction of the road
from City Hall north for $35,000,000 and Its lease to the com pany for 50
years from com pletion, renewable for another 25 years, the rental to be
equal to the Interest on the city’s bonds Issued for construction (but not for
easem ents. Sec.), and a sinking Bind of 1% yearly to retire the bonds. See
provision V. 82. p. 1157. In Dec. 1907 $5,934,798 was allowed for extra
construction. V. 85, p. 1461. The com pany also a t Its own expense pro­
vided the electrical equipm ent (costing over $26,000,000; sec V. 82, n.
452). I*or contract sec V. 69, p. 1063. The extension from City Hall,
M an h attan, to Brooklyn, was built w ithout aid from the city except about
$4,000,000, and leased for 35 years with privilege of revewal for 25 years.
V. 86, p. 196: V. 75, p. 184, 1086, 1202. See V. 76. p. 101, 1234.
D IV ID E N D S.—Ju ly 1904, 2% ; 1905, 8 & % : 1906, 8 M% ; 1907 to April
1911, 9% yearly (Q .-J.).
BONDS AND N O TES.—The $55,000,000 intgc. 5s dated 1907 arc p ur­
chasable a t 105 and Int. by a yearly sinking fund of $300,000, beginning
Nov. I 1910, and also subject to call on any Interest day a t the sam e price
In am ounts not less th an $1,000,000. V. 89, p. 41, 103. The bonds arc
secured by all the real estate and power houses, leasehold Interest In the
subw ay, M anhattan R y., stocks and bonds owned, advances to other cos.
and other property: total cash cost, $54,095,419.
• «*
The 3-year 6% notes dated May 1 1908, of which $17,389,000 were con­
verted Into bon is a t the rate of 99 In notes for $100 In bonds, reducing
am ount outstanding to $4,584,000, were secured by deposit of bonds of
1907; they will be paid at m atu rity M ay 1 1911. V. 92, p. 956.
In Dec. 1910 a new m tge. was proposed for the authorized am ount of
$150,000,000, of which about $75,000,000 for additional subw ay, $32,000,­
000 for elevated roads and third-tracking, $35,000,000 to retire outstandng 1st M. bonds, $4,584,000 to redeem 6% notes and $3,416,000 for gen­

[V o l .

New York
Illinois T r Sc Sav Bk, Ch
New York
New York City
C entral T ru st Co, N Y
Fidelity T ru st Co, Phlla
W indsor T rust Co, N Y
Belm ont Sc Co, New York
165 Broadway
G uaranty T r Co, N Y
E quitable T ru st Co, N Y
Sept 1907 coup last paid
In default— Sec text
May 1911 coup pd wh due
London
do
do
do
do
do
do
In 1909-10
London

eral purposes. V. 91. p. 1629; V. 86, p. 1100. 1042, 981, 603. V. 87. p.
1479, 1610; V. 90, p. 1170; V. 91. p. 1385.
EA R N IN G S.— For 9 m onths ending Mar. 31:
Gross
Net (after other Chges. (incl.
Balance,
9 M onths. Earnings.
Taxes).
Income. M anh.guar.) Surplus.
1910-11____$22,122,896 $11,562,872 $251,660 $7,986,297 $3,828,233
1909-10____ 21.530.0S0 12,045,746 320,056 7,912,715
4,453.087
R E P O R T .— R eport for year ending Ju ne 30 1910, V. 91, p. 713. R esults
prior to 1908-09 arc m ade up according to previous m ethod of accounting.
Year end. Jun e 30— 1909-10.
1908-09.
1907-08.
1906-07.
Gross oper. revenue____ $28,987,648 $20,524,394 $24,059,299 $22,363,802
O perating expenses_____$11,013,143 $10,747,443 $10,722,694 $9,593,331
Taxes ...........................
1.750,422
1,799,807 1,586,466 1,377,965
Incom e from o per----- $16,224,083 $13,977,14 4 $11,750,139 $11,392,506
N on-oper. Income............
411,024 1,001,775 1.220,170
815,833
Gross Income____ --.$16,635,107 $14,978,919 $12,970,309 $12,208,339
T otal deductions. . --.$10,552,960 $10,389,096 $9,269,650 $8,491,895
Dividends (9?6)___ . . . 3.150,000 3.150.000 3,150,000 3,150,000
S u rp lu s ..........................$2,932,147 $1,439,823 $550,659 $566,444
D IR ECTO R S.—A ugust Belm ont (Chairm an). Alfred S kltt, Andrew
Freedm an, John Pierce, George W . Young, W illiam A. R ead, Cornelius
V anderbilt, Edw ard J. Berwlnd, Edwin Hawley, II. M. Fisher, Gerald
L. H oyt, Theo. P. Shonts, F. de C. Sullivan, New York; and G ardiner M.
Lane, Boston. Pres., T . P. Shonts: V .-P., Frank Hcdlcy, David W. Ross;
Sec., H . M. Fisher; T reas., John II. Cam pbell. Office, 165 B’way, New
Y ork.— (V. 91. p. 1629, 1711; V. 92, p. 118, 595.)
INTER N A T IO N A L & G REAT N O RTH ERN R R . — (See M ap M issouri Pactftc.)
.
7c.)—T otal system
Ju ly 1910. 1,159 miles, viz.:
* .
Lines owned—
M.............
iles. Joint trackage—
M iles.
Longview, Tex., to L aredo______ 494 G alveston H ouston Sc Henderson
Palestine to H ouston, T ex ............. 150 (Jointly with M. K . Sc T .) _____ 50
MIncola, Columbia, See__________121 O ther lines . .........................................26
F ort W orth to S p r in g ___________261 H ouston Oak Lawn Sc Magnolia
N avasota to MadlsonvIUe..................... 47 P ark Ry ....................................
10
O R G A N IZA TIO N .—Stock authorized Is $25,000,000; outstanding, $9,­
755,000; par, $100; controlled In Interest of Missouri Pacillo.
R E C E IV E R S H IP .—On Feb. 26 1908 Thos. J. Freem an was appointed re­
ceiver. The March 1908 coupons on 2d and 3d m tgo. bonds were defaulted,
a large am ount of earlier coupons on 3d m tge. bonds also rem aining u n p a id .
Foreclosure sale under 2d M. has been adjourned to M ay 16 1911, on
account of Texas legislation giving a preference to unsecured debt; b ut It is
expected to be purchased by 3d M. com m ittee a t th a t tim e. V. 91, p. 463.
589, 655, 871, 945: V. 92. p. 595, 1108. Receiver’s certs., $340,000 6s (since
retired) were au th . to pay Int. due May 1 1908 on 1st M. bonds. V. 87,
p. 812. Floating d eb t (Judgm ents), $4,604,641, entered May 14 1908.
V. 86, p. 1285.
2nd M . Bondholders' Protective Committee.— W . Em len Roosevelt, Edgar
L. M arston and H. K . Pom roy of New York, and John W . Ham er of Phila­
delphia (Farm ers’ Loan Sc T r. Co., depositary). In 1908 m ost of the $10,­
391,000 2d M. bonds had been deposited. V. 86, p. 1042, 13 43. 1425;
V. 92, p. 595.
3d M . Bondholders' Committee.— Alvin W . Krcch, Chairm an; E qult. T r.
Co., N. Y ., depositary. V. 90, p. 1170.
BONDS.—The 2nd mtge. Int., scaled to 5% . upon default reverted to 6% •
as form erly. V. 73, p. 445. Car trusts, Deo. 1910, $860,983.
E A R N IN G S.—8 m o s .,/1910-11____Gross, $6,410,660; net, $1,604,843
July 1* to
‘ Feb.
” ’ 28.
~
11909-10____Gross. 5,867,070; net, 1,244,759
Years.
Gross.
Net. Other Inc. Charges,Ac.
Balance.
1909-10 ...$ 8 ,5 06 ,8 6 6 $1,517,078
*$2.404.716 def. $896,462
1908-09 . . . 8,097,939 1.499.794 $51,176
46.521
*2,712.583
def.
1,166,268
1907-08 . . . 6,922.268 . 363.560 66,444
2,890.468 def.2,460.464
1906-07 . . . 8.826.957 1.950,008
4.530
1,780.811 sur. 173,727
,
’
.In0.1«!lc.o
S
l.
r
e
of
,c,
t
lu.lp
balance,
*214,770:
taxes,
Ac. 110.8.)
x In­
cludes *91,4,80 for additions and betterm ents.— (V. 02,*252,080,
p. 505, 1032,
INTEROCEA N IC RV. OP MEXICO. L TD .— Vera Cruz to Mexico C ity.
M ex., 342 miles; Los Reyes to Puente do Ixtla, 122 miles; Los Arcos to
C uautla. 102 m .; 3 branches, 30 m .; Mexican E astern Ry. (V. 73, p. 1263)
137 miles: leases M ex. Southern R y.. 292 miles (see below); total. 1,026 in.
Concessions end le b . 1982, after which road passes to .State a t a valuation.
On Ja n . 1 1010 took over under lease the Mexloan S outhern, extending
from Puebla to rccom avaca, 139 m ., and Tccom avaca to O axaca, 89 m .,
also owning Tehuacan-Esperanza T ram w ay, 32 m ., and 3 short lines, from
Jan . 1010 for th e term of Its concessions, the rental providing 4% dlvs. and
s'tlkm v fund on the £875,000 debenture stock and any further Issues up to
£121,720, and dlvs. payable half-yearly on the £1,000,000 com mon stock
ranging from 314% In 1910 to 5 X % m If)17 and 5)4% thereafter, and also a
yearly sinking fund from Jan . 1 1018 sufficient to redeem the ordinary stock
a t expiration of concessions June 8 1000. N at. Uys. of Mex. will assum e
lease fron^Feb.^13 19Sj£ when Intcroccanlo lty . concessions expire. V. 80.
N at.’ Uys'. of Mexico (which see) owns £1,038.450 of the 2d debentures.
£1.255,330 ordinary and £244.800 pref. stock.
S E C U R IT IE S .— O rdinary stock, £1,700.000; par. £10. In O ct. 1008
the holders of the £1.000,000 7% cum . pref. shares were allotted 140";,
(£1,400,000) In new Orst 5%, non-cum . pref. shares ami par In 4% 2d pref.
shares In discharge of dividends to Juno 30 1907. V. 87, p. 1100. The
£400.000 5% prior lien debentures were called Ju ne 1 1000 and £450,000
4% debenture stock sold. V. 87. p. 1531, 1005.
M
D IV ID E N D S.—On “ D" debenture stock, from earnings of 1003-04, 0%
1904-05, 4)4% : 1905-00. 1900-07, 1007-08, 1908-00 and 1009-10, 7% . Old
pref. shares received 2% from earns, of 1005-00. 3 tf% from those of 1007
On 1st pref., 4)4% Dec. 1008: Dec. 1909, 6% : 1010. May 28. 2>4%: Nov. 10,
2 )4 % . On 2d pref., 1% Dec. 1909: Nov. 1910, 4% : V. 91, p. 1328. • E. .1

A1>E., 1 9 1 1 . |




RAILW AY STO CKS A N D BONDS.

69

70

RAILW AY STO CKS A N D BONDS.

11A IL.Il OA D CO M P A N IE S
[For abbreviations, <fcc., see notes on first pane]

Miles Date
Hoad Bonds

Par
A m ount
Value Outstanding

Iow a C entral— 1st M 57.650,000 g (V 49. p 582) Me c
501 1888
$ 1 ,0 0 0
Refunding M $25,000,000 gold (see teat) fl S r
541 1001
l ,00(1
Car tru sts, scr A, due $32,000 yearly
.r v p c
1909
1 ,0 0 0
Car tru sts, ser B, due 510,000 or $15,000 yrly PcPc
1910
1.0
00
Jacksonville Term — 1st M gold guar $500,000 Mn o*
1894
00
Jam estow n Franklin & Clearf— 1st M guar (i x c'& r
1909 1 ,0 0 1,0
0 Ac
Jefferson— 1st & 2d Ms e at In '87 & '89 (H'd’ale Br) o
1867
l ,000
1st M g e at 1908 red 105 g u p & L .
FP <;•
1889
1 ,0 0 0
Jonesboro Lake City & E astern — 1 st M $1,000,000'
1905
1 ,0 0 0
Joplin Union Sta— ls t M gu J'tly red 105 aft 5 yrs
1910
1 ,0 0 0
Ju nction (Philadelphia)— See Pennsylvania R R
K anaw ha II ge & Ter Co— 1st M g redl05 bcg’lG sf FP
1908
l.ooo
K anaw ha fc Coal R iver—Jo in t M 5750 000 gold s r
15 1904
1 ,0 0 0
K anaw ha & M ic h - ls t M $15,000 P m g gu p & 1 Cc.c
164 1890
1.0 0 0
Second
m
tge
$2,500,000
auth
gold
red
par
Sxc
1907
1 ,0 0 0
E quipm ent trusts
1902
E quipm ent bonds due $23~,6 6 6 "sVmi-annuallyI
1906
1,0 0 0
4°
4°
due part sem i-annually
1906
do
do
1909
K anaw
ha
&
W
est
Va—F
irst
MV5.000JXKfff'text".I
35 1905
1 ,0 0 0
Car trusts due $32,000 Dec yearly
ija
1906
1 ,0 0 0
K ansas City Belt—See K an City T erm inal R y "
K ansas City Clinton & Spring— 1st M g guar___NB.c 162 1885
1 ,0 0 0
K ansas City Fort Scott « M emoliis Rv—
1901 1,000 Ac
K Cr F t
r°i0 Y0? l\ f old ?V,a r P & 1 e nd .M e.x o& r a91
1879 100 Ac
i f ,St ‘V RARf first
e 8 f <lr’n
110 (eXt 111 1<J°8) -Cu 160
K ansas A Missouri
m ortgage
26 1882
1 ,0 0 0
K ansas City F t S cott A M emphis R R cons m V n b '.c * 715
1888
l .000
C urrent R iver R R 1st M $20,000 n m g u a r____NB
82
1887
1,0 0 0
K ans Cy & M R y A I3dgc 1st M g s r draw n a t llO .c*
1889
1 ,0 0 0
K ans Cy Mem A BIrm gen M $4,500,000 c u r .. .O B.c 2853 1894
500 Ac
Incom e non-cum ulative_______________
OB.c 285 1894 500
Ac
do stam ped fixed Interest redeem able te x t..
1894 500 Ac
Blrm Belt 1st M gold red 102 A guar P A I cnd._O B 285
21 1902
1,0 0 0
E quipm ent notes Series A due $85,000 sem l-ann
1905 - --------<lo Ser B $85,000 due s-a (V 81 p 1044) Ba
1905
1 ,0 0 0
Kan City & M em phis—A rk Old * W 1st M g -Usm
1907
1,0 0 0
K C & M m tge g $18,000 p m red 107 A sf. -M St.xc
1911
1 .0 0 0

[VOL. LXXXXI1.

Rate
%

When
Dividend
Where Interest and
Payable Last
and M aturity Places
Dividends are Payable
$7,650,095
5g J A D
1 1038
M ercantile T ru st Co, N V
5.720.00C
4 g \r A s June
1 1051
do
250,00(1
5 g M A N Mch
To May 1 1919 Penn do
Co for Ins,& o,Phlla
138,000
5 g A A O To
Oct
1
1920
do
do
500,00(1
5 g J A J Ju ly 1 1939
G uaranty T rust Co, N Y
1 1 .0 0 0 .00(1
4g J
ne 1 1959
G rand C entral S ta, N Y
300,000 444 A 6 J AA DJ Ju
Ju
ly
'27-Jan
'29
Fidelity T ru st Co, Phlla
2,800,00(1
5g A
Apr 1 1919
Erie H R , New York
500,00(1
5 g M A s Sept
1
1925
U S M tge & T r Co, N Y
500,000
444 g M A N M ay 1 1940
Phil T r, S Dep & Ins Co
500,000
5 g A A o Apr 1 1948
Fidelity T ru st Co, Phlla
750,000
M A s
1 1924
B ankers T ru st Co, N Y
2,469,000
A A Sept
A pr 1 1990
C entral T ru st Co, N Y
2,500,000
5 g J A J Ju
ly
1
1927
J
P M organ & Co, N Y
275,000
5
M A N May 1 1912
Hook Val R y, Colum, O
253,000
5
F A A Aug
15 'l l - ’16 Sup
Sav & T r Co, Cleve
121,900
5
J A 15j July'10-July
II Ilo y t, Cleveland
144,667
5
M A N May 1 1917 ’ll JN orthern
N at lilt, Toledo
1 , 0 0 0 .000
J A j Ju
ly
1
1955
Scranton (Pa) T rust Co
32,000
5
J A D Deo 1911
R K loyblotc & Co, N Y
3,192,000
5 g A A O O ct 1 1925
Old Colony T ru st, Boston
22,881,000
A A
M ercantile T ru st Co, N Y
2,055,300
5 (7) J A
Old Colony T rust, Boston
390.000
5
F
do
do
13,738,000
6
M A
Merc T rust, N T ; S Bost
1,606,000
5
A
Old
Colony
T
r
Co,
Boston
b3,000.000
A
O
Merc T r Co, N Y; & Bost
3,323,390
\r
4
do
do
361,780
5
Sept
do
do
5,96l.OOO 5
M A s
do
do
1 ,0 0 0 ,0 0 0
4g A A o
do
do
520,000
4A gJ A J
Blair fc Co New York
765.000
F A A
do
do
300,000
1
A
U S M tge & T r Co, N Y
540,000
5 g M A NJ
30 Brood S t. New York

E A R N IN G S .— 8 m os., (1910-11----- Gross, $5,858,395; n et, $2,174,326
Ju ly 1 to Feb. 28.
11909-10------Gross, 5,518,335; n et, 1,933,496
R E P O R T for 1909-10 In V. 91, p. 1441
Gross.
N et.
Net in £ .
1909-10 ...........................(Mex.) $7,987,298
(M ex.)$2,944,113
£300,911
1908-09 ............ ............. (Mex.) 6,718,728
(Max.) 2,298,872
£234,710
T otal n et Income, £312,610; charges and Int. on deb stock £ 1 5 9 0 7 5 *
d v. on '■ !)" deb. stock (7% ), $32,862; d tv "o n pref share! (5% ) £70 000:
feaVs e ° £ 8 dl§7efb ! 00s n ^ %i 7 f ^ ' 00?; °n °-thlrd expense m aking M e ^ S o u .’

Capital stock, $10,000,000; $1,000,000 In treasury Ju ly 1910.
’ '
LA TEST EA R N IN G S.— (1910-11____Gross, $2,117 038* n et $ 8 6 0 loo
8 m os„ Ju ly 1 to F eb. 28-i 1909-10. . . . Gross, L 830.730; n et. *557 582
IOWA CENTRAL RY .— (See M a p .)— O perates Peoria, III w est to Oska. iE “ 9 IiT ,;~ J icport
year 1909-10 was In V. 92,
» M 8 7 4 :V th ^ T n o ” .” lM .lo S ;MInterest,
it— taxes, Ac.,
vlaSMlnnW&
S
t
f“.r,'?!nS
.a
J
hrough'llne
$392,393, betterm ents, $141,692^ bal., sur., $488,682.
. & S t. L . R R .. from Peoria. IU .rto ’s r p S i l .
^ m iS N f f d Mch.
New directors,
1910,
V.
90,
p.
849.
Pres., F. B. Sheldon (V.682.
Owns—
M iles. Leases— (stock owned) .
92.
p. 113.)
M
iles.
Iow a J e t.. 111., to M anly J e t.,
C. A W .p Bclmond to A lgona. 37
Iow a................................................ 3 Q3 Ia.
Track, Iow a J e t. to Peoria
3
B ranches to Belmoiul, A c__ I III 127 M
anly J e t., L a., to A lbert Lea,
M inn, (owned jo in tly )....................28
H IST O R Y .— R eorganization (by plan In V. 44. p. 653) of the Central C ounty S tock' au th o u fru 4 ’*x°nnn f coal a,nd tlm bcr land In K anaw ha
Iow a, sold In foreclosure In 1887-88. In 1900 M inneapolis A S t. Louis Inter­
ests obtained control through purchase of com m on stock. V. 70, p. 1249.
a u th - $11,000,000; Issued, $8,525,623. P ref., a u th .,
$7,400,000; Issued, $o.674,810. The pref. is entitled to 5% (non-cum .),
V. 83, p. 1524;
then com . to 5, then both share pro ra ta . V. 62, p. 548. P ar $100.
A. MacCorldc; T rcas.,
3 hos. E . Jones; Sec., W m . D. B oyer.— (V. 84, p.W .339.)
D IV ID E N D S.— On pref. In 1892. 1% ; 1899, 3; 1900, l A : none since.
BONDS.—The refunding 4s of 1901 are secured by a m ortgage on the en­
CUNTON & SPRINOF.ELD R V .-:
tire property now owned or hereafter acquired, subject to th e $7,650,000
first 5s. for which an equal am ount Is reserved. The balance Is Issuable
for future extensions a t not exceeding $25,000 per mile, Im provem ents and
v - 73* P- 899. In Ju ly 1910 $5,720,000 were sold and listed;
$996,000 additional In treasury. V. 8 6 , p. 229, 1589: V. 87, p. 1420* sits:.
Iv s IfF
Yr’
P ‘ ^04; V. 89. p. 163. In 1909 sold $320,000 5% equipm ent trusts;
V. 8 8 , p. 1437; V. 89. p. 1341; In 1910, $154,000; V. 91, p. 518.
E A R N IN G S.—9 m o s .J 1910-11---------Gross, $2,698,848; n et, $586,235
Ju ly 1 to M ch. 31. \ 1909-10---------Gross, 2,576,657; n et, 562,548 S
S
S
s S
S
S h. 285
A N N UA L R E P O R T .— R eport for 1909-10 was in V. 91, p . 1442. Com'
are Inaccurate, owing to changes In accounting In later two years across Miss,sslpp?
bridge
Sarlsons
^ T o t S f j .i o i '
b’
oft-coal
tonnage
In year
1909-10 was 1,097,877
(42%
of total tonnage)
’
V o n r oending
n .U n n Jun
T t.n eo '30—
irt
11909-10.
GHG i n
,1908-09.
nnn nn
.
B .'
Year
Inc.
or
Dec
Gross earnings________________
$3,361,282 $3,015,647 + $345,635
N et earnings (over tax es)_____
669,415
454,871 +214,541
T otal n et receipts..........................
718,912
524,528 + 194,384
In terest, rentals, Ac___________
745,570
752.049
— 6,473
all oWn?H .h ■YT « ?mrm
o? Aa,atJ
545,660,000;
$15,000,000,
B alance, deficit__________________
Louis
San,0rl5cd'
Francisco
R R . Theoutstanding,
pref. stock ($15
000 OOA
— (V. 89, p. 163. 1341; V. 91, p. 518, 7 9 0 . W 4H 4 2 .f 27'521 - * 2° ° '857
vvll*cl1 $13,510,000 Is outstanding, p ar $100) Is deposited In
JA C K S O N V IL L E T E R M IN A L R Y .— Owns union freight and passenger
,t!av,l.n(t thc option to retire the ccrtlllcates a t any tim e a t par
depots and term inal rpopcrtlcs a t Jacksonville, F la., including 23 miles of fn n i?nhue„la.5tcr
nB tscLf..t0 topaypay" irquar.
thc whoIe
l3SU0 In 20Sec
years
track used by A tl. Coast Line R R .. Seaboard Air Line, Florida E ast Coast IJO l),b «Sut
and meanwhile
1% thereon.
V. from
72, p.d ate
1238.(O ct''
R y., Southern R y. and Georgia Sou. A Florida R y., the five com panies
first nam ed guaranteeing by endorsem ent the prin. and|int. oflabove bonds _ „Jl9 N1£ s * ~ The refunding bonds of 1001 (lim ited to $60,000,000) are scni , 1, property now owned, or hereafter acquired w ith the proand owning entire stock. The five cos. each guar, one-fifth of the in t under­
rentals and m eet expenses on wheclage basis.— (V. 71, p. 1 3 5 )
‘
jm v lo in
so o 'm o ??nlss,le° ( th ? for
bonds,
$22,881,b()0
outstanding
l)b,S29,012,270
were reserved
exchange
aga n stwere
the faco
am ount
JA M EST O W N FR A N K L IN & C L E A R F IE L D R R .— Owns from Jam es­ , Vi cl:lylne
b0?
ds,'
ilnd
thc
rem
aining
$8,106,730,
as
well
as
a nIssue
y “ S for
town P a., on th e Lake Shore & Mich. So., to Brookville, P a 99 miles
or
required
for
refunding
purposes,
will
be
reserved
for
branohes, 25 m .; trackage to Clearfield, P a., 54 m .; to tal, 178 miles
’
Controlled by Lake Shore & M ichigan S outhern. A consolidation in 1909; additional lines and extensions, a t not exceeding $22,600 per mile thereof
Y* 88. p. 5 0 6 , 1002. Leased to the Lake Shore & Mich. Sou. from April 1 P d T l l T o T p'3S8e i504rKanlZa,l0n’” ab° VC‘ V ' 75- P' ®53' S“ ™ ;
1909 for the term of the corporate existence and renewals, rental covering
(a 19i0 th e k . C. F t. Scott A Mem. R y. had guaranteed the Int on all
Interest on bonds and 5% yearly on $3,000,000 stock (all owned by Lake
f,th c 5(S,322.7,3() K. C. Mem. & BIrm. Income bonds beShore), payable quarterly (Q .-J.). Of the 4s of 1909, $11,000,000 guaran­ ^ n n ng M arch 1.0 the
bonds so guaranteed being stam ped w ith a provision
teed by the Lake Shore were Issued to retire outstanding debts and bonds
‘?rn^ rcraat£ lnK ,^*4,000,0<)6 reserved for extensions and Im provem ents ™t 95 fnd l? t« U^ t C V° 7 4 ! p * 47 1/ , ^ 7° wlth" ‘ 1 0 years ,rom SeP‘ * 1 1 0 0 2 *
V. 90. p. 167, 697.— (V. 90. p. 167. 697, 1554; V. 92. p. 395.) ovem erus*
and. Interest,
. J E F F E R S O N R R . — Owns Lanesboro, P a., to C arbondalc, P a., 37 miles* K ansas CUv M emphis * BIrm.guaranteed,
and S t. L . principal
& San F ran
V, 75, pJointly
m ? bv
PZ
double track; branch. W est H aw ley, P a ., to Ilonesdale, P a., 8 miles. Leased (V. 87. p. 414; V. 88, p. 1061: V. 89, p. 163, 1101; V. 91, p. 38, 1 5 4 ') 7'
nnrP«rip»Co,i ^ to the Erie R R . Co. for $140,000 per annum for m ain line
M EMNc,
PHIS6 mRY.—
Rogers
to SlloamProlortpfi
Springs, Ark 30
f .,&49>C°££!;anPl1* Used by Delaware & H udson to reach Carbondale. miles, I reem an to M onte
■ total
26 miles
Stock, $2,095,700; all owned by E ric R R .— (V. 87, p. 1479.)
Cave
Sorfnzs’
A
rk
"
in
T
enn.,
294
miles,
thc
first
section from
L A K E CITY & E A ST E R N R R . — Owns Jonesboro to BarU i ''s also
c,a s t from
.°' llo Slloam
«crs* to Springs,
Fayetteville,
1’
.r aEes; Osceola Je t. to Osceola, A rk., 20 miles. Stock o iY r a to llv
DySseenp t. " 1i 1911;
A rk.,20tomlle.^
w ,»to ,b e
-P on6s ($1,000,000 authorized Issue), Bank of Commerce & ooperated
f f ' v S ™ ,?nr', n A ra n s a s Deo. 17 1910,am i absorbed the A rkansas
« f r i n 7?>" ^1
T enn., trustee. For year ending Ju ne 30 1909, gross,
SEC U RITTFS
, f Monte Ne Ily. In A pril 1011. V. 92, p. 881. 1109
l l a d o ' :on et’ t?°v 931;. charges. $30,942; dividends. $5,850; bal., dcf.,
t 1 rei "
W ilson;
Doswell Brown; T reas., Jam es P arr.
Office, Jonesboro,
AIj,ee
rk.—
(V. 92.Sec.,
p. 659.)
^ J ^ E E I N UNION D EPOT CO. — Owns union freight and passenger station ?onst°rruetiLnSanCl are! *™ able'a t $S18p000 \m r'nd te^ of^ w h lch $ * 1 5 ® “ ?
a
, P “ n * Mo., to be com pleted by M arch 1911, to be used by
the A ten. lo pek a & S anta Fc, K ansas City S outhern, Mo. K an. & Texas
and Mo. A Nor. A rkansas, which Jointly own the $40,000 stock and jointly
and sevw-ally giiarantce the bonds, prln. and in t. Of the bonds ($750,000 M 00.000 Aerkb o & M
B“ ¥l?
fEs(™ d .to j S il?o" t h l
a u th .), $500,000 sold; Philadelphia T ru st, Safe D eposit & Insurance Co,
trustee, to ta l stock authorized, $500,000.— (V. 90, p . 502, 627.)
Spr/Ui Gf? 9wn®d and the 20 miles under construction to Fayetteville the
t& T E R M I N A L C O . — Owns bridge across the G reat
Son th erlr givm
^ 1 ^g 2 % . . . - - . . of
A™,
i L?_?°"t™
0 t With the
K anaw ha R iver near Charleston, VV. V a., used for railw ay, street railw ay KamiksCI
C HtvySoutiugm
t, h . rm
Yrcceivea
-----------v
I OOOl
V;^L l li 0 m1
on
business
Interchanged;
Seriesb u"A
" hnnrf# win. «ki«n
tn, u i l v ,!!!:
?PV»gcniCrai! traffic- M ock, $400,000, purchased by Ches. & Ohio In Dec.
—
*
-rJue.if
r
F
a
y
e
t
t
e
v
i
l
l
e
a
m
i
H
u
n
t
s
v
J
l
I
c
H
f
'
b
u
l
i
t
w
l
U
d
u
V
'
y
e
a
r
a
.
'
’
^
s
Y
n
'k
l
n
g
^
u
n
d
?
V ^oi ? 1629P—?V S{ftr0p eri^29
(not K uaranteed), sec table above. __
jo in winwith 1916. will. It Is oxpeoted. retire about 7 * » ( *n f ih s
1%_, ____
com mencing
atu rity . V. 92. p. 881 1109
1 78% ‘ thc
K A N A W H A & M ICH IG AN RY . — (See M ap Toledo cfc Ohio Central.)— bonds before m aturity.
Owns Corning, ()., to Gaulcy on Ches. A Ohio. 176 miles less 18 mllos WOO-wl
l M L $15,720.
m n * ™ : 540,113, against $20,411 In
_
net, $19,165, Zagainst
Pom eroy to Gallipolis. and 1 mile, A thens to A rm ltagc? where H oiking m Pte»*
and Gen. M gr., Geo. D, Locke: V .-Ps., J . VV VValkcr and A . L.
Valley R y. tracks are used. Also owns branch of 11 mires leased to TolndS
A Ohio Central and Col. Sandusky A H ooking R y. com panies r\V
rr , amTRogers,
S,: &C0' A? n,rk.;
d T.N.
r ',KI°
M gr., 30
It. Broad
C. Hobbs;
T reas., VV, B. Felkcr.
Office,
Y. office,
St (V.
92, p. 881, 1109.)

1594,' 1596; V. 91,'pfl328,1441J' N' Y‘ °,,l0e' * Wa“ S t- ‘V' 89. P*




p

S

S

S

S

i S

r ?

cS

A ru., 1911. j




RAILWAY STOCKS AND BONDS.

71

72




RAILWAY STOCKS AND BONDS.

[Vor„. l x x x x i i .

HeL>ua^

Teham a

.P r o v o

Tintic

Reno

Davis,

*
Austin
oI
f^AISSON CITY
SACRAMENTO N \ E V A

[anti

D

R iver

LeadvilleT
T C \ 0
L O
R
IM ontrose
^

M arysvale

)CUton

L athrop

Qul

L a Sail

^Thistle

vo C andelaria

ISLAND,

Colby

D urango

TOPEKA

C ochran Jc. .Bakersfield
S V M ojave

Pueblo

The Needl<
Barstow ATC" ‘

Losv\ngeli

P rescott

Cs '
^Dodge Cy.

R edondo

R 11 2

National City'

O

CM \
pA C .

N

Globe

M aricopa
Tucsoi?

r

L ordsburi

El Paso

T®

M agdalene'

^Caliente
iHermosilloi

# SC%ja VlVo

KNOX CITY
^ IJ C A R N E Y

M A P O F T H IS

W }

KANSAS CITY,*%
1V1EXICO & ORIENT

RAILWAY & CONNECTIONS,
Shortest Line from Kansas City to Pacific Ocean.



x

i flr rule Hennutta**^ffsAQt*
Gaine&vi
A M im
\\
nf f HMCCAULEY
\\V
•SYLVESTER

Eddy

iernu

>enisoi

Arkansas C}\

C°

vTexarkana

ffSWEETWATSR

J amestown

Pecosjy

Ft. Wort!

? M T .M ARGARET

3 an

S ierra B lanca
Sw M arfa

3.

Dallas

/

Hillsboro
G ates V

angelo

c[

Temple*

;una

AUSTIN

Spofford \
Ciuciad'.^p

sMilam

Antonio

SOL'.

P o r f ir i o D i h ^ > ‘

S ab in as^ ^ "^
Hondo)
J p n m e z’ .
M onclova
•Rincon /
L am p azo s/.r
r Escalon^C
P / B erm ejillo ■ ^LTrevino f
Torreoi ov
.M onterey
D prango y
^

iredo

ill r
lShreveport

Tyler,
pa c .\

\n \

Corsicana

Kerr ville

San Sebastian °
y iG u a y m :

T

Q U

C rocker
Rincon

McAllestj

'

M end

/

,V

P o jp a r B lu ff'

FtsSmil

BLAIR
ALTU S

'elm er

Q uanah

Roswell,

M onett,

QBXKTQJ
JO lLL C Y '
LLONE wo!

W ashbun

Socorro,

A I'lagi[dalenao-'l C arthage

Nogali
.o Rosarii

,mjy>^ ' aXas V
■ Albuquerque

W

, V p h c e n ix

,San Diego

'TexUne'

S T . LOU .

W IC H IT A .

. a ovw(
CHEHC
fYEWEo/
'carmen

/ , '; S A N T A / E

Fulton

cHU

Mn

L a J u n ta

u ch aras
T rin idad

Antonitf>

■ fork
;
Coollago
^VaSslafI
.
'tSP—
i r - T T ^ n FE A. -----1 Holbrook]
& P>J,

Seligm an

11

c c S ^ H o ld e n

Keener

San L u is 01

_WAB.

^Colorado Sprs.

Alamos

.Merced

A ic h is i
KANSAS

union

- Aransa^iBass'
>rpus C h risti

V q UeeZ)

Conroe

V icksbui

L ufkin
H em psti
ioCjI to n

Jharles S

*ort Arthur

BATON
[ROUGE

74

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page]

M iles Date
Road Bonds

A m ount
Par
Value Outstanding

Rate
%

[V O L. LXXXXII.

When Last Dividend
Where Interest and
Payable and M aturity Places
D ividends are Payable

K ansas City Mexico & O rient—Stock $20,000 per mile
$100 $12,264,135
Pref 4% non-cum $20,000 per mile
100 12,500,000
1st M gold (see te x t)c* -----------------------------------------____
1901
1,000
See tex t
4 g F A A Feb 1 1051
K ansas C ity O uter Belt & E le c tric -.lst M $3,000,000g
8 1903
1,000 2.000,000
4 g A A O Apr 1 1953
K ansas C ity S outhern— Common stock $30,000,000-.
30,000,000
100
Preferred stock 4% non-cum $21,000,000
__
100 21.000,000 4 in 1910 Q—. Apr 15 1011 1 %
F irst m ortgage gold $30,000,000................... Me.c Ar ____
A A O Apr 1 1050
1,000 Ac 30,000,000
Ref and lrnp’t M $21,000,000 gold red 105 xc • Ar N __ 1900
1909
1,000
Ac 15,000,000
52 g,r J A J April 1 1050
E quipm ent notes gold red par due $72,000 s-a _ N ____ 1905
648,000
1,000
g M A N Nov *11-Nov '15
do
do
gold ser B red par $30,000 s-a____ ____ 1906
330,000
g J A 1) J u n e '11 June 10
K ansas C ity St Joseph & Council Bluffs—See Chicago Burll ngton
A Quine y.
K ansas C ity Shrevep & Gulf Term inal— 1st M red 105
4
150,000
1897
500
F A A Aug 1 1027
K ansas City Term Ry— 1st M red te x t____ICxc'A r*
____
1910 1,000 Ac 20,000,000
4 g J A J Jan
1000
K C Belt 1st M ($534,000 guar KCFSAM )__BB.c
1,000 2.500.000
6
10 1886
J A J Ju ly 11 1916
K ansas City; V iaduct & Term — 1st M g s f(text) S.c* Ar — 1905
1,000 3,302,000
4M J A J Sept 1 1034
See text
K ansas & Colorado Pacific—See Missouri Pacific Ry
Ken & I Term RR— 1st M guar (sec te x t)____S.xc*Ar
£100 £1,031,000
. . .
1911
4M g J A
1 1061
Keokuk & Des M oines—Preferred stock ...................
162 ______
100 1,524.800 See text Sec textJ Jan
Apr
1
i
o
n
2)1
F irst m ortgage Interest guaranteed C R I A P ____c* 162 1878 100 Ac 2,750,000
5
A A O Oct 1 1923
K eokuk & H am ilton Bridge— F irst m ortgage_______ c ____ 1869
1,000 1,000,000
8
A A () Apr 1 1809
37 1891
1,000
408,000
5
Kewaunee Green Bay & W estern— F irst m ortgage.F .c
A D June 1 1921
J
Office, 4o Wall S t, N Y
1,000
K ingston & Pem broke— F irst m ortgage gold________
572,000
113 1882
3 g J A J Ja n 1 1012
15 B roadw ay, New York
Knoxville & Ohio—See S outhern R y
Laclede Dallas & W est— 1st M red 105 a ft Apr 1920..
V 90. p i239
1910
6
A A O Apr 1 1940
Lake Erie & D e tro it R iv er — See P ere M arquette R R .

(THE) KANSAS CITY MEXICO & ORIENT RY.— (See M a p .)— Mileage.
O F F IC E R S .— Pres., A. E . Stllw ell. N Y .; VIce-Pres. and M an., E .
—The road when com pleted will extend from K ansas City, Mo., to Topolo- Dickinson;
T reas., E . E . Holmes; Chief Engineer, W . W. Colpltts,
bainpo, M cx., 1,659 miles, w ith a cut-off from San Angelo, T ex., to Del Rio, K ansas C ity,SecMo.and Office,
K ansas City, K an .— (V. 80, p. 871, 2399.)
M ex., 160 m iles, connecting there as well as a t C hihuahua, M ex., w ith
M exican lines for Mexico C ity. Mileage In o p e ra tio n ..................................
KANSAS CITY SOUTHERN R Y.— (See M a p .)— O perates a line extend­
ing from K ansas City, M o., to P ort A rthur, Tex., thence by Its ship canal,
Owned (incl. K . C. M . A O. R y. o /T e x ., 237 m ., Securities owned). M iles.
7 miles, to deep w ater on the Gulf of Mexico, w ith branches And extensive
W ichita, K an., to San Angelo, Tex. (except trackage S t. Louis A San
inals used by various roads entering K ansas City.
Lranclsco R R ..I«oley to Ewing. O kla., 12.78 m iles)____ . .
509.94 term
Lines Owned—
M iles.) Lines Owned.
M iles.
M arquez, M ex., to C hihuahua (except 4.35 m . trackage Ch. A P .R y.) 91.12 Kansas
City, Mo., to Belt June. 121Branches to F ort Sm ith, De
M inaca to Sanchez, Mex. (74.28 m .); E l F ucrte to Topolobam po.
View, Mo., to P ort A rth u r,
Q uincy, La., e tc ........................... 51
62.23 m iles)------------------------------------------ ------------------------------ .136.51 G rand
T ex-----------------------------------------7 65 1Trackage—To G rand View, M o .. 11
Mochls, M ex., to Mochls Ju nction , M ex_______________________ _ _ . 2.92
T o ta l---------------------------------------------------------------------------------------- 8 39
Also owns entire $650,000 each of stock and bonds of A rkansas W estern
T otal oper. Ju ne 30 1910 (incl. 17.13 m . trackage), all standard
R y., VValdron to H eavener, A rk., 32 miles, operated separately; also con ­
gauge..................................................................................................................... 740.49 trols
K . C. Shreve. A Gulf T erm inal Co. V. 83, p. 38, 492.
C ontracts have been let for grading on m ain line south of San Angelo, and
O RG A N IZA TIO N .— A reorganization of Kan. C .P itts. A Gulf R R ., foro
on branch from San Angelo to Del Rio, on the Rio G rande R iver, 100 miles, closed
In 1900 per plan V. 69, p. 1012. 1062. V. 73. p. 1356; V. 74. p. 94.
of which 28 miles from San Angelo to M ertzon opened M arch 15 1911.
The voting trust having expired April 1 1905, a new m anagem ent was
W ork will be pushed as fast as possible. T otal sidings (July 1910) 93.08 m. elected
In May 1905. V. 80, p. 1971; V. 81, p .5 5 9 ; V. 84, p. 1366. In
R eports of experts, prospectuses, Ac., V. 90, p. 105, 1 1 0 ; V. 86, p. 668; 1909 contracts
m ade for Interchange of freight w ith the H arrim an lines.
V. 83, p. 95, 1411; V. 75, p. 1411; V. 75, p. 1253. See K ansas City O uter V. 8 8 , p. 375. were
Common stock, $30,000,000; par, $100.
Belt A Elec. R R . below.
S
E
C
U
R
IT
IE
S
.—The
$21,000,000 “ ref. and Im p." bonds dated 1909
H IS T O R Y .— Incorp. under laws of K ansas April 30 1900 and operates
not over 5% Interest, of which $10,000,000, underw ritten by a syn­
In Mexico under the K ansas charter, legalized by the Mexican Gov’t. The bear
dicate,
have
been
sold
to
provide for the $5,100,000 5% notes called for
first rails were laid In 1902. From K ansas City to Lone Wolf, O kla., Is paym ent on Ju ly 1 1909 and
various lm pts. and $5,000,000 was sold for
being built under contract by Union C onstruction Co. (of Dcla.) and from Im pts. In Feb. 1911 .and the rem
Is reserved for future use. V 88
Lone Wolf, O kla., to Topolobam po, M cx., by Internation al Construction p. 1128, 1253, 1437; V. 89, p. 104; ainder
V. 90, p. 167; V. 92, p. 322, 395, 461,795.’
Co. of Dela. (charter legalized In Mexico).
D !V ID E N D S.— F irst dlv. on pref. stock, 4% , paid Ju ly 1 1907 o ut of
Steamship Contract.— A contract w ith the H am burg-A m erican SS. Co. earns,
for 1906-07; O ct., 1%: 1908 to A pr. 1911, 4% (Q .-J.).
provides for Trans-Pacific service upon com pletion of road to Topolobam po.
Equipm ent Ju n e 30 1910.— Locom otives, 65; cars, passenger service, 36;
LATEST E A R N IN G S.— /l9 1 0 -ll..(iro s s , $7,714,695; net, $2,814,059
freight, 1,866; service, 74, largely held under car t r u s t s . ............................ A 9 m os., Ju ly l to Mch. 31.] 1909-10..Gross, 7,010,217; n et, 2,429,414
*°r
«a-9 y C 1 9 ,1 0’ n e t’ £3,745,075, against $3,290,280 In 1909;
STO CK.— A uthorized, $20,000 per mile each In com mon and 4% noncum . pref. stock; outstanding. June 30 1910, pref., $12,500,000; com ., $12,­ (4 % r $1m 27880552, ° thCr lacomG’ 595,833; charges, $1,720,251; dividends
264,135 ($2,400 of each being In the treasury). P ar, $100. In Ju ne 1909
R E P O R T tor 1909-10 a t length was In V. 91, p. 940, 963.
Increase to $37,500,000 each of com. A pref. was authorized. Stock is held
. , gross receipts......................................
. .
1909-10. $8,771,965
1908-09. $1907-08.
In a voting trust u ntil Ja n . 1 1917, the voting trustees being: A. E . Stllwell, ^T otal
$9,594,652
8 , 7 5 7 ,9 1 8
W. W . Sylvester, W. A. R ule, W . S. W oods, K ansas City, Mo.; R obt. II. O perating
expenses................................. 6,268,585 5,350,056 5,760,259
Law, Chicago, 111.; Douglas J . N cam c, H arold D. A rbuthnot, Lewis R endell, Net earnings...............................................
3,326,067 3,421,909 2,997,659
Baron Boxall and H. J . Chinnery, London, Eng. V. 83, p. 1411. T rans­ Total n et Incom e........................................ 3,420.520
3,519,722 3,132,268
fer office, U. S. A Mexican T ru st Co.: R egistrar. Commerce T rust Co., Taxes A . . - - - - - - - .................................
343,773
322.279
283,138
both a t K ansas City, Mo. A nnual m eeting, first Tuesday In M ay a t K an­ Interest on bonds, A c............................... 1,266.462
1,221.000 1.225,053
sas City, K an.
M
iscellaneous................
318,864
99,187
10,805
BONDS.—The funded debt consists of 1st M. 4% 50-year $1,000 gold
8 1 0 ,0 0 0
8 4 0 ,0 0 0
coupon bonds due Feb. 1 1951, as shown In table above. Trustee, U. S. A Dividend on preferred stock ( 4 % ) 8 4 0 , 0 0 0
Mex. T r. Co., K ansas City, Mo. A uth. Issue Is $22,500 per mile of single
Balance, surplus.................................... $651,421 $1,036,655 $773,272
main track, $15,000 per mile of yard and term inal track and $12,000 per mile
D IR E C T O R S.—C hairm an, L. F . Loree; P res., J . A Edson. H erm ann
of double track; also $2,500,000 for extra work In the Sierra Madre Moun­ Slelcken,
J . A. Blair. W. T . Rosen. D. G. Bolsscvaln. Andrew J . Miller,
tains, $5,000,000 for term inal facilities a t K ansas City or Topolobampo W. G. S treet,
W. H. W illiams and E. R . Bacon of Now Y ork; John J.
or both, and $10,000,000 for future requirem ents and additional rolling Mitchell
of
Chicago; S. W . Fordyce and A dolphus Busch of S t. Louis;
stock, a t not over $1,000,000 yearly, beginning Feb. 1 1906.
M. Craig, P ort A rthur. Tex : W. F . H arrlty , P hlla., P a.; S ecretary Is
Of the $18,199,000 bonds Issued Ju ne 30 1910. $6,000,000 were sold, G.
$3,489,000 were in the treasury and the balance owned by the aforesaid G. C. H and. Office, 25 Broad S t., N. Y .— (V. 92, p. 322, 395, 461, 795.)
construction com panies. In Ju ne 1910 $5,000,000 bonds were offered by a
CITY TERMINAL RY.—To own a union passenger d epot
syndicate of English brokers. Under agreem ent all coupons on bonds m a­ andKANSAS
and passenger term inals a t K ansas C ity, M o., w ith approaches,
turing until Feb. 1912 are paid by construction com panies, the coupons to befreight
controlled
by 12 proprietary cos., viz.: Chic. R . I. A P ac., A tch. T op.
being canceled. V. 78, p. 102; V. 81, p. 1411; V. 87, p. 37, 508; V. 91, & S anta Fc, Chicago
Milwaukee A S t. P aul. Chicago & A lton, S t. Louis A
p. 38, 94, 1025.
San
I-ranclsco,
Union
W abash, Chicago Burl. A Q uincy, Mo. Pac.,
Loans and bills payable Ju ne 30 1910, $1,150,836; equipm ent tru st Missouri K an. A Texas.Pacific,
K ansas City Southern and Chic. G t. W estern, which
obligations June 30 1910, $1,618,885, including car trust notes of 1902 will pay equally any excess
fixed charges. V. 89, p 1671. Construction
(St. Louis Union T rust Co., trustee), original Issue, $2,000,000; and loco­ begun about Mch. 1 1910. ofIncorp.
July 11 1906. Stock a u th ., $50,000.­
m otive tru st notes of 1905, original Issue $1,000,000...................................... 000; outstanding, $1,200,000. On Mch.
1 1910 acquired K ansas City Belt
R y. by deed; also purchased stock of the present Union D epot Co.: to cost
• E A R N IN G S.—S tatem ent for year ending June 30 1910, w ith balance about
and
to
be
com
pleted
by
1913. V 8 9 . n. 666. 163; V 90
sheet, In V. 92, p. 1025, showed (721 average miles): Gross earnings. $ 1,­ p. 627,$30,000,000,
698; V. 91, p. 1386.
747,941; total n et Income. $126,168; taxes, $78,842; Int. on equip, trusts,
Of the 1st 4 Ms ($50,000,000 au th . issue). $20,000,000 have been sold$76,696; other Int., $22,984; Joint facilities, $9,161; bal., def., $61,515.
$2,500,000 are reserved to retire K ansas City Belt bonds and $27,500,000
O FF IC E R S.— President. A rthur E.Stllw ell, N .Y .; V ice-Presidents:Edw ard for additions and Im provem ents. The bonds are redeem able as a whole on
Dickinson (Gen. M an.), K ansas City, Mo.; J. T . Odell, N . Y.; E nrique C. J a n . 1 1930 or any Interest date thereafter, a t 105 and in t. V. 90. n 559
Creel, C hihuahua. Mex.: John F . W allace, N. Y.; J . S. B raithw alte, Lon­ 627: V. 0 1 . p. 1388; V 92. p. 305. P r e i - W . S : K lin c a J S?o , C C.’
don. Eng.; Sec. and A ud., Neal S. D oran, and T reas., E . E . Holm es, K an­ Ripley; T reas., E . F . Swlnncy.— (V. 01, p . 1388; V. 92, p. 305.)
sas City, Mo.; A sst. Sec., J . Crosland Taylor, London.
KANSAS
CITY VIADUCT & TERMINAL, RY.— Com pany owns and
Directors.— Pres. Stllwell and Vice-Presidents Dickinson, Odell and
an elevated railw ay and highw ay viaduct from Bluff and 8th S ts..
W allace- A. N. Beldlng, Rockville. Conn.; P . W . Goebel, K ansas C ity, operates
K an.; D. W . M ulvane, Topeka, K an.; A. Monroe, Lawrence, K an.; Johu K ansas C ity. M o., to M innesota Ave. and 4th S t., Kansas C ity. K an. A
F. Alden, R ochester, N. Y.; Chas. R. H untley, Buffalo, N. Y.; H . S. M an­ the two cities, w ith the lnterlylngconn'
,',cl3 theand
m ainm anufacturing
stru ctu re, anddistricts,
thereby
ning, W . D . Baldwin, New York; Thos. F . E vans, M cKeesport P a., Main structure com pleted Feb. 1907,railroad
1.6 miles, m inim um w idth of 60 feet;
Ferdinand W . Roebllng, T renton, N. J.; W m . H . McCord. H . D. E stabrook, m aterial, steel and concrete. See V. 82,
p. 160; V. 84, p. 271, 931.
N. Y.; Chas. F. Ayer, Boston; H . A. Bishop, B ridgeport, Conn.; E. D. S tair,
D etroit; Ing. Isodoro Diaz Lom bardo, Sr. Lie Manuel Calero. Col. S. Garcl;
CK.—Stock outstanding, $3,447,700 (par $100); m ajority Is depos­
Cuellar. Mexico City- Geo. H . Ross. Chicago: Philip H . McMillan. D etroit. itedSTO
In a voting tru st for 3 years. Voting trustees, H arvey E . Fisk, John
General office, O rient B ldg., K ansas City, Mo.; New York office. Singer P . Reynolds,
Francis S. E aton.
’
Bldg.— (V. 92, p. 956, 1025.)
4 ^. 1911
0, 1b onds
a u thfunded
- 53.500.000;
coupons
Into cumoutstanding.
ulative Income$3,302,­
bonds,
KANSAS CITY OUTER BELT & ELECTRIC R R .— Incorporated Ju ly 18 000. July 1909 to Jan
1902 In K ansas to construct a belt line connecting the lines of the K an. City net Income to be paid bondholders to liquidate sam e. V. 90, p. 1101
Mex. & O r. R y. w est of K ansas City, K an., w ith all the other lines entering
Protective Committee.— In Jan . lo ti over 75% of the 1st 4 Ms and income
K ansas City, K an ., and K ansas City, Mo., m ain line (double track) being bonds had been deposited w ith a com m ittee (Richard C. S tory of Boston.
about 8 miles In length. Gauge, stan d ard . The K . C. M. & O R y. will C hairm an; S tandard TTust Co. of N. Y ., depositary), under an agreem ent
lease the property on com pletion a t rental of $50,000 per annum for the In force until Jan . I 1916, tinless sooner term inated by the com m ittee or by
first 10 years, Increasing $10,000 for each 10-year period until the m axi­ w ritten direction of tw o-thirds In am ount ot the ccrtfs. after Ja n . 1 1014.
m um of $100,000 is reached. The road will be operated by Its own organ­ No sale a t less than 85% of the bonds, or exchange for other securities,
ization. V. 75, p. 184; V. 76, p. 331; V. 80, p. 871.
shall be m ado w ithout the consent of 51% In Interest ot the depositors!
STOCK AND BON DS.—Stock au th . and Issued, $2,500,000 com . and V. 92, p. 187.
$2,500,000 4% non-cum . pref.; p ar $100. Stock will be held In voting
E A R N IN G S.— For year ending Ju ne 30 1910, gross. $75,454; net, $ 5 6 , 9 3 6 ;
tru st until full dividend shall have been paid on the pref. stock for 5 con­ bond Int., $149,040; taxes, $9,374; sundry aects., $706; sink. fd.. $4,527secutive years. Bonds, a u th . Issue, $3,000,000 (see table above); outstand ­ bal., def., $106,712. Pres., J . W. R einhart: T reas., II. S. Corwin; Sec.,
ing, $2,000,000. U. S. & Mex. T ru st Co., K ansas City, M o..trustee
H ow ard Ross.— (V. 90. p. 1101, V. 92. p. 187.)



A pr .. 1911. |

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page]

M iles Date
Road Bonds

Am ount
Par
Value Outstanding

Rate
%

When Last Dividend
Where Interest and
Payable and M aturity Places
D ividends are Payable

Lake Erie & P ittsb u rg h —1st M $15,000,000 to be auth
See text
1911
Lake Erie & W estern—Common stock *20.000 n m .. 711
$100 $11,840,000
Preferred stock 6% (not cum ) ($20,000 per m ile )..
100 11.840,000 See text J A J Jan 15 1908 1 %
711
First m ortgage ($10,000 per mile) gold...............Ce.c* 711 1887
1,000 7,250,000
5 g J A .1 Jan 1 1937
Second m tge tor *.1,625,000 (*5,000 i> m) gold Ce n 711
1.000 3,625,000
1891
5 g .1 A J July 1 1941
Lake Shore A M ichigan Southern—S tock_________
100 z49,406.500 18InlOlO .1 A J Mch 31 *11.6%
G uaranteed 10% stock (Michigan South A N or Ind)
533,500 18 In 1910 F A A Mch 31 'l l , 6 'o
100
F irst m ortgage $50,000,000 gold____
lj<c*A r
1897 1,000 Ac 50,000,000
3H g .1 A D June 1 1997
Bonds (not mortgage) *50.000.000 gold . o.c*<Ser 1,000 1903 1,000 Ac 50,000,000
4 g M A S Sept 1 1928
do
do
*50,000.000 g o ld . . flx c’ &r
1906 1,000 Ac 47.186.000
4
g M A N May 1 1931
400,000
Kalamazoo * W hite Pigeon llrst m tge assum .U n.c
5
1.000
37 1890
J A J Jan 1 1940
Notes 60,000,000 francs.. _
60000,000 fr
191 l
Mch 15 1912
Guaranteed Securities—
B attle Cr & S tur 1st M gold guar n & 1 (sec M Cent)
41 1889
79,000
1,000
3 g J A D Dec 1 1989
Sturgis Goshen & S t Louis 1st M gold d & 1 guar
322,000
29 1889
3 g J A I) Dec 1 1989
1,000
Kalamazoo Allegan A Gr R apids stock rental guar
5.95 A A O Apr 1911
58
610,000
100
F irst m ortgage g u aranteed ................................. Un.c
5
58 1888
840 .000
.1 A .1 July 1 1938
1,000
Brie & Kalamazoo (leased) stock Toledo to Palm vra
F A A Feb 1911 5%
300,000 10
26
50
Jam estow n Franklin & Clearfield stk rental guar
100 2,994,550
5
j — Apr t 'l l 1
1st M $25,000,000 au th g u a r - - .........._.G.£c*Ar*
1909 1,000 Ac 11.000.000
4 g J A D June 1 1959
50
F
A A Feb 1 'l l 5%
Lake
Shore
System
—
M
ahoning
Coal
RR—S
tock..........
71
1,500,000
See
tex
t.
Preferred stock (see text) .
71
50
661 .367
5
.1 A J .Ian 3*11 2 ^ %
F irst M Youngs to And & cguar n <fc 1 (end)'____Un.c
71 1884
5
1,000 1.500,000
J A J July 1 1934
Lake la hoe Ry A Fr Co— 1st M g $500,000 s f beg 1905
16 1901
$1,000 $300,000
6 g A A O Oct 1 1931
L ancaster Oxford & Southern— 1st M *200,000 g o ld ..
28 1905 100 Ac
200,000
5 g A A o Apr 1 1935
Lansing M anufacturers— 1st M serial Interest re n ta l..
5 1905
1,000
75,000
& g J A J Ju ly 1 1913-30
Laramie H ahn’s P A P —Com $9,000,000 (V 77, p 824)
10 9,000,00C
1 ret stock 6'';, non-omn S t,000,000. __________ .
10
126,000
First m ortgage $8,000 per mile gold______AB.c*
40 1904
1,000
240,000
6 g J A J July 1 1929
Irst ref M *1,800.000 gold sink fund red lts .- d .c *
1907
1,000
750.000
o Oct 1 1932
o5 g jA a An 15
General m ortgage * 1 0 , 0 0 0 .0 0 0 a u th o riz e d ..............
1909
June 15 1959
Five-year coupon notes $450,000 a u th o riz e d ___ G
1910
j A J Jan 1 1915
450 000
7
Five-year coupon notes g red 102 M since J a n ’ll.c *
1910 100 Ac See text
7
—
J A J 15 Jan 15 1915
z New York C entral holds *45,289,200 of this.
K E N T U C K Y & I N D IA N A T E R M I N A L R R .— Owns steel cantilever
bridge over the Ohio River a t Louisville and 5 miles of railroad betw een
Louisville, K y., and New A lbany, Ind ., and 5 miles of belt line In Louis­
ville; also owns Louisville A New A lbany Ferry Co. Southern R y., B alti­
more A Ohio and Chic. Ind. A Loulsv. own the $75,000 capital stock, and
under new lease for 09 years from June 1 1910 pay m onthly, In proportion
to cars handled, any dcllclt In operations, rentals, taxes and Interest.
Name changed from K y. A Ind. Bridge A R R . In Dec. 1910.
In Ju lv 1910 arrangem ents were m ade to build a new double-track K. A I,
bridge, 4,100 ft. In length. A m tge has been m ade to the S tandard T rust
Co., N. Y ., trustee, to secure £2,000,000 bonds, of which £1,051.000,guar,
by the 5 proprietary cos., have been sold to retire the £1,000,000 bonds due
March 1911, and for the new construction, the rem ainder being reserved for
future purposes. The present single-track bridge to be used d u rn g con­
struction. V. 92, p. 187; V. 01, p. 589, 214, 38; V. 92, p. 201, 1032.
E A R N IN G S.— For year ending June 30 1909, gross, $237,593; deficit
under Int. charges, Ac.. $230,243. P res., Alex. P . H um phrey: .Sec. and
T rcas., II. VV. H azlltt; Gen. M an., W . M. M itchell.— (V. 92, p. 201, 1032.)
K E O K U K & D E S M O IN E S R Y .— Owns from K eokuk, l a ., to D es
Moines, la .. 102 miles. Leased for 45 years from O ctober 1 1878 to the
Chicago Rock Island A Pacific R y The lessee pays 25% of the gross
earnings b u t guarantees the Interest (not the principal) on the bonds
Stock Is $1,524,000 preferred and $2,600,400 common (par, $100), a
m ajority of which Is held by the lessee. Pref. entitled to dlvs. up to 8% If
earned and to share w ith common stock In any excess over 8% .
D IV ID E N D S.— V 89. '00. *01. ’02. '03. '04. ’05-’07. ’08. ’09. *10. 1911.
On preferred, % j H H 1 1 2 1H None. 1 M 1 2 J4 A p ,2 H
R ental: In 1909-10, $179,565; In 1908-09, $173,709; 1907-08, $154,332;
1906-07, S149,775; 1905-06, $142,606. — (V. 88. p. 944; V. 90, p. 698.)
K E O K U K & H A M IL T O N B R I D G E C O . — Owns bridge across Mississippi
R iver a t K eokuk, la ., for railroads and footpassengers. The present ten ­
ants arc the Toledo Peoria & W estern and the W abash. R egarding guar­
a n ty , see V. 59, n. 969. V. 72, p. 821. Stock, $1,000,000; par, $100.
Coupons arc In default, b u t m ortgage has never been foreclosed, and over­
due Interest Is paid as earnings perm it. L ast coupon paid, 1st half of N o. 50
(due April 1894), In J a ir 1911.
EARNIN GS — Year ending June 30 1910, gross, $46,456; net, $29,142;
other Income, $12,697; Interest, $40,000. In 1908-09, gross, $55,517; net,
$39,569. Pres., Andrew Carnegie: T rcas., Theodore G ilm an, 55 William
S t.. New Y ork.— (V 72. p. 821.)
KINGSTON & PEA1 BROKE RY.—See page 169.
L A K E E R IE A P IT T S B U R G H R Y .— Projected from Lorain. O., to
Y oungstown, 91 miles, with 29-mile branch to Cleveland; total 1 2 0 miles,
of which 40 miles com pleted. Jointly owned by Lake .Shore A Michigan
Southern and Pennsylvania R R . Stockholders will vote on May 19 on
Increasing the authorized stock from $ 10 0 ,0 0 0 to $6,000,000 and on m aking
a m ortgage to secure an Issue of $15,000,000 bonds, v . 0 2 , p. 1109.
L A K E E R IE & W E S T E R N R R .— R O A D .—Owns Sandusky, O .. to
Peoria, III., 413 miles; branch to M inster, 10 miles; branch, Indianapolis to
Michigan City, 159 miles; F ort W ayne to Conncrsvlllc and branch to Rush▼ llle, 129 miles; total owned, 711 miles; leases N orthern Ohio R R ., Akron
to Dclphos, 162 miles; trackage, 13 miles; total operated, 886 miles.
H IST O R Y , A c.—Sec V. 50, p. 590; V. 85. p. 600. In 1899 control
passed to the V anderbilts, and on Jan . 1 1911 the Lake Shore & Michigan
S outh, owned $5,940,000 coin, and $5,930,000 pref. stock. V. 71, p. 1269.
D IV S.— 1 ’92-’08. ’99. ’00. ’01-’03. ’04. ’05. ’06. ’07. ’08. ’09. ’10
On preferred-/ 5 y ’ly. 0 2 4 y’ly. 3 3
BON DS.—A
ortgage
p. 45;.....................
of second m ortgage
. bstract
-of first- m*‘
‘ “ In “5sV."N46,
thei
In V. 54, p. 444.
G uarantees
$2,500,000
orthern
Ohio, which see.
E AJaRnN. IN1 GtoS.—
2
m
o
s.,fl9
1
1
......................Gross,
$837,103;
net, $114,504
Feb. 28. 11910____
......
-Gross, 844,944; net, 225,091
ANNUAL R E P Om RmT .— For cal.
year
1910
was
In
V.
92.
p.
875
1n n n
1910.
1909
1909.
1910.
Oper. revenue $5,513,326 $5,043,990 Hire equip., Ac. $247,749
Opcr. Incom e. 991,751
966,123 Int.on bds.,A c. 551,525 $135,095
555,086
N et In co m e-- 1,099.814 1,066,627 O ther Interest 64,585
103,376
R entals............ 125.000
125,000 A dd’n sA b ett’s 136,764
56,965
Balance, surplus or deficit----------------------------------def.$25,809 sur.591 105
— (V. 88. p. 879; V. 90, p. 692; V. 91, p. 1025; V. 92, p. 795, 875.)
L A K E S H O R E & M IC H IG A N SO U T H E R N R Y .— (See M aps New York
Central.) —O perates from Buffalo to Chicago w ith branches. The main IIm
(537) miles) Includes 26 miles between Toledo and Palm yra. M ich., under
1 i'8G from the Erie A Kalamazoo; 533 miles has double track)
Hoad owned directly.
Miles. Leased (*sce this Co.)
Miles
Buffalo. N. Y ., to Chicago, 111--.5 3 7 Kalamazoo A. A G. R ................. 58
Sundry b ra n c h e s...............................33 1 Jam
estow
n
Franklin
A
Clearf’d
124
Entire stock owned.
M ahoning Coal R R ........................ 70
D etroit A C hicago--------------------- 25 Erie A Kalamazoo (2 6 m iles)--T ext
D etroit Monroe A T oledo..................51 D etroit Hillsdale A S W ............... *65
Kalamazoo A W hite Pigeon..........37 F ort W ayne A Jackson............... *98
N orthern Central M ichigan............ 61 D etroit Toledo A M ilw au k ee... 67
Sturgis G A S t L o u is .........................29 B attle Creek A S turgis.................
7
E lkhart A W estern.......................... 12 Trackage_________
88
G rand total opcr. Ja n . 1 1911 (of which owned, 1,087 m iles)_______ 1,663
By control of N . Y. Chic. A S t. Louis R R . has still another line from
Buffalo to Chicago. O perates D unkirk Allegheny Valley A Pittsburgh.
D unkirk, N. Y ., to T itusville, P a., 91 miles. V. 73, p. 663.
Controls Chicago Indiana A Southern R R ., which see.
O R G A N IZA TIO N , Ac.— A consolidation on Aug. 16 1869. In 1898-99
$45,289,200 of the capital stock was purchased by the N. Y. C A H. R.
R R . which gavo in exchange Its 3 H % bonds at the rate of $200 In bonds
for $100 In stock. V. 66, p. 288; V. 69, p. 1237.




75

G rand C ent S tatio n. N Y
|
Lincoln N at B ank. N Y
G rand C ent S tation N Y
Union T ru st Co. N Y
do
do
Merc T rust Co. San Fran
Union T rust Co, D etroit
Araer Loan A T r Co. Dost
LBarnum ACo.NY A Los A
U nited S tates T r Co, Bos

New Y ork Chicago A S t. Louis road has been controlled by ow nership of
stock since 1882, Lake Shore now owning $6,240,000 of Its common
$6,275,000 of Its second preferred and $2,503,000 of Its first preferred stock
The com pany also controls and leases the M ahoning Coal R R . (see Lake
Shore “ System ” below) and owns (besides entire stock of proprietary lines)
$7,500,150 P ittsburgh A Lake Erie stock; $30,207,700 of the $50,000.00"
Clevc. Cln. Chicago A St. Louis common stock; also $5,940,000 of th»»
$11,840,000 com mon and $5,930,000 of the $1 1,840,000 Lake Erie A
W estern preferred. V. 71 p. 1269: V. 72. p. 870: V. 82. p. 7 4 ».)
In March 1910 acquired all the stock of the Toledo A Ohio C entral
(441 miles) which had been held In the Interest of the Hocking Valiev, and
owns all the bonds and stock of Zanesville A W estern (89 miles) and. Jointly
w ith the Chesapeake A Ohio, control of the stock of the K anaw ha A Michigan
(177 m iles), V. 90, p. 771, 840. 977. 1045; V. 91. p. 1095.
Also owned Jan . 1 1911 half of the $60,665,000 R eading Co. stock acquired
by the Pcnnsylvanla-V anderbllt Interests, viz.: $6,065,000 first pref., $14.­
265,000 2d pref. and $10,002,500 common stock, the other half being held
by the B altim ore A Ohio. V. 80, p. 1856.
List of stocks of com panies owned Dec. 31 1909. V. 90, p. 708.
D IV ID E N D S.— \ ’98. ’99 t o '03. *04. '05. *06. ’07. ’08. ’09. ’10. 1911.
Since 1897, % - . . / 6J4 7 yearly. 8 8 8 12 14 12 18 Below.
In 1911, Ja n ., 6% ; Mch. 31, 6% extra.
Bonds.— For $50,000,000 m tge. of 1897, see a b slrac t In V. 64, p. 1182. and
V - 66. p. 1140; V. 68. p 1182; V. 73. p. 1264; V. 75. p. 290; V. 77. p. 2035.
The $.>0,000,000 debenture 4s of 1903. due 1928. are to be secured by any
V - 77• P- I747* 2035: V. 78. p. 48; V. 80. p. 1912. In Feb.
1906 $3o,000,000 of 25-year 4% bonds due In 1931 and to be secured by
any new m tge.) were sold for Im pr’ts, and In Ja n . 1910 permission was
granted to Issue the rem aining $15,000,000 of the $50,000,000 issue to retire
the $15,000,000 5% notes due Feb. 1 1910 and to guarantee $11,000,000
Jam estow n Franklin A Clearfield 4% bonds received for advances for con­
struction and Im provem ents. See th at com pany. V. 82, p. 392; V. 84.
p. 996; V. 90, p. 167, 627, 771.
In Mch. 1911 sold In Paris 60,000.000francs (say $12,000,000) of onc-ycar
notes discounted In advance, m aturing March 15 1912, to pav 44,000.000
francs notes due March 15 1911 and for Im provem ents. V. 92, p. 725.
Jointly w ith four other roads covenants to pav $30,000,000 N.Y C entral
Lines car trusts of 1907 and 1910, th e com pany’s share of car trusts o ut­
standing Dec. 31 1910 being $5,366,714 and $13,771,066 respectively
V. 85. p. 1402; V. 86, p. 168, 801, 803; V. 88. p. 761; V. 90. p. 1677.
G U A RA N TIES.— A dditional guaranties not shown above, see Chicago
Indiana A Southern, D etroit Hillsdale A S. VV. and F t. W ayne A Jackson.
EA R N IN G S.— 2 m os.,/1911............Gross, $7,131,231; n et, $1,755,627
Ja n . 1 to Feb. 28. 11910............Gross, 7,485.003; n et, 2,508,833
ANNUAL R E P O R T for 1910 at length was In V. 92, p. 791, 803.
Year ending Dec. 31—
1910.
1900.
1908.
Miles operated ..................................... 1.663
l .v.:i
1 ,5 1 1
Railroad rev e n u e .....................
$49,420,211 $45,110,907 $39,066,042
O perating Income (after taxes)______ 12.729,380 15,549,524 12,418,980
O ther Incom e....................
10,452,087
6,486,887 5,097,081
Gross corp. Income . ....................
$23,181,467 $22,036,411 $17,516,061
R entals of leased lines..................
.$ 2 ,2 6 8 ,5 7 3 $1,858,691 $1,100,382
Interest on bonds, Ac. _____ . . . . 5.865,006 5,995,182 6 ,0 9 9 ,4 16
Hire equipm ent, Including In te re st..
542,596
581.952
8 9 0 ,4 2 5
O ther rents and m iscellaneous______
622.227
619,017
252,049
D ividends on guaranteed stock............
96,030
04,020
64 020
Im provem ents and equipm ent______ 1,365,297 1,263,186 1,433,668
Dividends on com mon sto ck ___ (18% )8,903.970(12)5,935,98002)5.935980
Balance, su rp lu s_____ ___________ $3,517,768 $5,718,382 $1,740,220
— (V. 90, p. 771, 849, 1045; V. 91, p. 1766; V. 92, p. 725, 791, 803.)
LAKE SHORE SYSTEM — MAHONINO COAL R R .— Owns from
Youngstown to Andover. O .. and branches. 71 miles. In Dec. 1907 p ur­
chased a one-half Interest In the Lake Erie Youngstown A Southern and
Lake Erie A Eastern railroads, building a belt and switching line from
Girard to S truthers, reaching factories In Y oungstown. O., and vicinity.
Leased In perpetuity for 40% of gross earnings to Lake Shore, which
Tan. 1 1911 owned $865,900 common and $399,500 preferred stock.
D IVS.— 1 ‘91. ’92. ’93. ’94. *95 to A ug.’06. ’0 7 t o ’09. 1910. 1911.
Oil com m on/ 4 ^ 8 H 8 8
10 yearly. 12 yearly. Below. Feb., 5
In 1010 on common, F eb., 6% and 50% extra; A ug., 10% .
The preferred stock certificates are 5% guaranteed and contain a clause
m aking them redeem able a t par a t option of com pany.
Y ear ending Dec. 31 1909, rental and other Income. $1,246,377; surplus
over Interest anti 62% on com ami '»% 011 pref $206.705.—(V. 90. p.236.)
LAKE SUPERIOR A 1SHPEMING RY. Owns Presque Isle (M arquette)
to Ishpcm lng, Mich., 20 miles: branch to Maas mine, 4 in.: trackage, 1 m .;
total, 25 miles. Controlled l>y Cleveland Cliffs Iron Co. Incorp. In Mich!
Feb. 17 1893. Stock, $1,000,000: par 5100. T he stockholders were to
vote Mch. 30 1911 on authorizing a new bond Issue. V. 02, p 595
For year ending June 30 1009, gross. $129,484; opcr. def . $38,318; other
Income, $21,612; Int., taxes, Ac.. $40,583: bal.. def., $57,200. President,
W m . G. M ather, Cleveland, Ohio.— (V. 92. p. 595.)
LANCASTER OXFORD & SOUTHERN R R .—See page 169.
LARAM IE HAHN’S PEA K & PACIFIC RY.—Owns from Laram ie, W yo.,
to F oxpark, W yo., 55 miles. Extension under construction In S ept. 1910
from Foxpark to Hebron. Colo., 54 in. Also proposed from N orth Park to
S team boat Springs, Colo.
In 1909 a 60-year gen. m tge. for $10,000,000 was a u th . to refund prior
bonds, extend and double-track the road and for further im provem ents and
extensions. There have also been sold $450,000 5-year 7% coupon notes
dated Ja n . 1 19U), secured by $900,000 gen. M . bonds: also S i. 0 0 0 .000 5
year 7% coupon notes, dated June 15 1910, had been underw ritten to antici­
pate moneys from sale of $ 9 .ion,000 gen. M. bonds under contract, V. 9 1 ,
p . 1766. As to the ref. 6s of 1907. see V. 85. p. 1646; V. 88, p. 1061. Pres.
Fred. A . Miller, Laram ie, Wyo. -(V . 88. p. 1061; V. 91. p. 1574, 17 6 6 ) ’

76

RAILW AY STO CKS A N D RONDS.

[VOL.

LXXXXII.

R A IL R O A D C O M P A N IE S
M iles Date
Par
A m ount
Rate
When Last Dividend Places Where Interest and
[For abbreviations, A c., see notes on first page]
Road Bonds Value Outstanding
Payable and M aturity Dividends are Payable
%
L eavenw orth Term inal Ry & Bridge— 1st M g s f__Ce
3 1893
$1,000 L$600,000
5 g J A J Jan 1 1923
Lehigh & H udson R iver— 1st M gold lnt red to 5%>Ce
42 1881
1,000
800,000
5 g .1 A J July 1 1911
)Irving N at Exch Bank
Second m ortgage gold..........................................................
63 1887
164,000
1,000
5 g J A J July 1 1017
I N Y , and F irst N at
W arwick Valley first m ortgage extended In 1900___
15 1879 500 &C
145,000
A A O July 1 1011
4)4
Second m ortgage...............................................................
240,000
6
22 1881 600 &c
A & O Apr 1 1912
|
Leh & H ud Rlv Ken M $3,000,000 e (Bee text)-Ce.c*
63 1890
5 g J A J Ju ly 1 1020
1,000 1,320.000
J
D ebentures $400,000 redeem 105 after Nov 1911___
4
1007
400.000
1,000
M & N July 1 1020
Irving N at Exch Bk, N Y
Equip tru st certs gold due $40,000 yearly____P eP.c
240,000
1900
1,000
4 ^ g J A D Deo 1 ’U -’IO
Lehigh & New England— 1st M $1,000,000 g o ld .-F P All 1895
5 g J A .1 July 1 1945
1,000 1,000,000
N ortham pton 1st M g $300,000 guar red 105-FP.c*
20 1902
1,000
300,000
5 g J A .1 Jan 1 1052
Lehigh A Delaware first gen m tge redeemable a t 105
27 1004
650,000
5
1,000
J A J Ju ly 1 1954
Consolidated m ortgage $3,000,000 gold call a t 105__ All 1003
1,000 1,380,000
5 g A A O Oct 1 1953
General m tge $7,800,000 sold red 1 0 2 OuPc* All 1008
850,000
1,000
4 g A A O April 1 1958
Equip tr ser A g g u red 102 yy due $30,000 y rlv.Q uP
300.000
1008
1,000
4H ft .) A I) To June 1 1923 G uar T r A S D Co, Phlla
Lehigh Valley—Common stock $80,000,000______ Go
50 60,501,700 See text J A J Jan 14 ’l l 5%
Preterred stock 10% (V. 70, p. 1 5 1 ,2 6 8 )____ . QP
50
106,300 10
J A .1 Jan 14 ’l l 5%
First m ortgage extended In gold In 1898.-_G P.c& r 161 1868
1,000 5,000,000
4 g J A D June 1 1048
Office, 228 So 3d S t, Phil
Consolidated M lcoupon A reg $4,762,000 4 V^s.c&rl
1,000 10,400,000 4M A 6 J A 1) Dec 11023
i 1873
$40,000,000 1 .an nu ity $2,538,000 are 4 > $ s--F P j 461 \ 1873
1,000 12,600,000 4 H & 6 J A 1) Irredeem able
General consol m tge $150,000,000 g old -- (IP .c'& r 834 1003 1.000 &c 26,630.000
4 g M A N May 1 2003
JPM organ&Co.N Y A Phil
C ollateral trust bonds $10,000,000 see text-G P .c* &r
1005
1,000 15,000,000
4 g F A A Aug *11-Fcb ’26
E quipm ent trustsgold Series H . due $90,000 yearly
1005
1,000 In treasury
4 g F A A To Feb 1 1013
do
gold Ser I. due $400,000 yrly (V85.P412)
1006
1,000 In treasury
A
To
Sept
1
1916
S
4g M
do
gold, due $250,000 s-a Series J.-U sm .c *
1007
1,000 3.25,1,000
4H g M A s Sept* 11-S ep t'17 Philadelphia
Bonds of Controlled Properties —
Lehigh A N Y 1st M gold guar p & 1..........M p.c*&r 117 1895
1,000 2,000,000
4 g M A s Sept 1 1045
JPM orftan&Co.NY& Phil
Leh Val of N Y 1st M gold guar p' & 1 (end) -GP.c* &r 283 1800
1,000 15.000.000
do
do
g J A J July 1 1040
1007
4 Yi g M A s M ar 1 1057
3,000,000
Lehigh Val Term 1st M g guar p A 1 en d __ Ce.c*8cr
31 1801
1,000 10,000,000
5 g A A o O ct 1 1041
jPM orftan&Co.NY Sc Phil
Easton A A mboy 1st M Easton to P erth A mboy gu
60 1880
1,000 6,000,000
Office, 228 So 3d S t. Phil
5
M A N May 1 1020
Easton & Nor 1st M gold guar by Leh Val.GP.c*«5cr
12 1805 500 &c
1 1035
do
do
51.000
4H g M A N Nov
Philadelphia
Middlesex Valley first m tge $600,000 gold____Ce.c*
22 1802
1,000
211,000
5 g M A N Nov 1 1042
Lehigh Valley R R , Phlla
Pcnn& N Y C an& R R —Cons g u(text)p A l(cnd) -(iP .r
1888
1,000 8,500,000 4. 4 5 A A o A pr 1 1039
do
do
Elm ira C ortland & N orth first pref m tge gold.-C e.c* 119 1884
1,000
750,000
6 g A A o A pr 1 1014
do
do
F irst m ortgage gold guaranteed p & 1 (end)__ Ce 119 1884
1,000 1,250,000
5 g A A o A pr 1 1014
Morris Canal stock 4% guaranteed 999 years.............
100
4
706,700
F A A Feb 1911 2% Office. 228 S 3d S t, Phlla
Preferred stock 10% guaranteed 999 years.............
do
do
100
F A A Feb 1911 5%
003.600 10
L V Coal Co 1st M $12,000,000 g s f not draw n _c* &r
JPM organ& Co.NY A Phil
1802
1,000 10.114.000
5 g J A J Jan 1 1033
do
Interest reduced------------------- --------------1802
do
do
1,000
A
Jan
1
1933
1.400.000
4
g
J
J
Delano L ’d IstM g gu s f (V. 00. p. 1 01 7 )----- -G P
Philadelphia
1891
1,000 1.082,000
J A J
W yoming Valley Coal consol (now 1st mortgage) __
Philadelphia
6
200.000
J A J July 1 1017
L E A V E N W O R T H T E R M I N A L R A I L W A Y & B R I D G E . — Owned high­ $500,000 sem i-annual Installm ents beginning Aug. 1907 and secured by
way and railroad bridge (opened Jan.1'94) ,1,110 ft. long, over Missouri R iver deposit of those stocks. The bonds are subject to call as a whole a t 102 H
a t L eavenw orth, K an ., and valuable term inal property In th a t city. In beginning Aug. 1 1912, or In the order of serial num bers. V. 81. p. 1175
July 1910 the Chicago G reat W estern acquired the entire stock, but does 1242, 1376; V. 82. p. 100; V. 83, p. 702; V. 84, p. 1428; V. 88, p. 452.
not guarantee or assum o bonds. V. 91, p. 214, 397. K ansas City St.
N TIES— Lehigh Val. Rail Wag Co. of N . Y.— Owned Buffalo,
Joseph A C. 13. (Chicago B. A Q.) and Chic. R . I. A P . use the bridge a t an N.GYU.,AtoRAnear
Sayre, P a., 175 m . double track , and branches to Ith aca, A u­
annual rental of $10,000 each, under a 30-year contract from 1894. For burn,&
106 m .; In all 281 m ., covered by $15,000,000 m tge. of 1890, b u t In
year 1908-09, gross, $54,685; net, $19,675; ln t. A taxes, $38,371; b a l.,d c f. 1903 andc.. 1905
consolidated w ith other sub. cos. and In 1907 absorbed the
$18,696. Stock. $600,000.— (V. 89, p. 1597; V. 91, p. 214, 397.)
A Lake Erie; total mileage now Is 501 miles. Stock, $13,543,000,
L E H I G H & H U D S O N R I V E R R Y . —Owns from M aybrook on C entral Lehigh
all
owned
by
Lehigh
Valley R R . M ortgage abstract, V. 51, p. 114; V .7 7 ,
New England R y. to Bclvidere, N. J ., on the P enn. R R ., 75 miles; track ­
147, 972; V. 81, p. 784: V. 83, p. 38; V. 84, p. 1366.
• •
age, S. 15. A P. R R ., Phllllspburg to Easton, 1 ra.; trackage, P enn. R R ., p. Lehigh
Term inal R ailw ay.—Owned double-track road from South
Bclvidere to Phllllpsburg, 13 m .; O nt. A W est., Burnside to Cam pbell Plainfield,Valleg
N.
J
.,
to
Jersey
C
ity,
with
about
125
acres
a
t
Jersey
City
and a
H all, 2 m .; D. L. A W ., trackage, Andover Jet. to P ort Morris, N . J ., 8 ra.; large w ater front, &c. T otal mileage, 119 m . Stock, $20,433,000.
all
total operated, 99 miles. V. 79, p. 269. Stock, $1,340,000; par, $100.
owned by Lehigh Valley R R . V. 77. p. 972; V. 53. p. 640, 880; V . 81.
BONDS.— Of the $1,320,000 gen. m tge. bonds out, $1,062,000 are guar. p. 784; V. 83, p. 703.
Morris Canal.— Leased for 999 years and dividends guaranteed. Bonds
Jointly p. and 1. by the C entral R R . of N . J . and Leh. Coal A N av. Co. An
additional $1,350,000 are reserved to take up prior liens and $330,000 for all owned by Lehigh Valley. See V. 50, p. 137. In Feb. 1911 permission
extensions or acquisitions of connecting roads. In M ch.1911 perm ission was asked to abandon the canal and tu rn over w ater rights to the S tate.
was given to issue $1,185,000 additional bonds to refund the $1,185,000 old It Is proposed to pay off the stock. V. 92. p. 527. 1109. In April 1911 a
bonds m aturing Ju ly 1911 and A pr. 1912. V. 92, p. 595. See form of m inority stockholders’ protective com m ittee was form ed. V. 92, p. 060.
P enn. A N . Y . Canal <fe R R .— Leased for 99 years from Dec. 1 1888 to
g uaranty , A c., In V. G7, p. 788; also V. 85, p. 1513. E quip, tru st 4 ^ 8 ,
V. 83, p. 96. Locom otive rental notes Ju ne 30 1910, $97,363; loans and Lehigh Valley, which has assum ed Its d ebt and owns all Its stock. Consols
lncludo $4,000,000 5s, $3,000,000 4s. $1,500,000 4 ^ 3 . V. 62. p. 050.
bills payable, $291,000.
_
Consolidated Real Estate Co.— See V. 78. y. 1223; V. 79. p. 1271; V. 83,
E A R N IN G S.— 6 m os., /1910......................Gross, $724,059; n et, 5280,360
Ju ly 1 to Dec. 31. (1909__________ Gross, 730,349; net, 274,568 p. 702. To June 30 1910 none had been sold.
Seneca County R y., $500,000 guaranteed bonds; none sold Ju n e 30
Surplus after charges, $127,424, against $121,492 In 1909.
1910. See V. 79, p. 1271.
ANNUAL R E P O R T — For years ending June 30, V. 91. p. 1763.
& Lake E rie M. ($3,000,000) covers 11 ra. double-track term inal road
Year ending Jun e 30— Gross.
Net. ln t.. Taxes, &c. Bal.,sur a t Leh.
V. 81, p. 211; V. 83. p. 702. Leased for 999 years. V. 84,
1909-10
____$1,440,034
$550,632
$305,460 $245,172 p. Buffalo.
1218; V. 85, p. 412; V. 87, p. 817, 818.
1908-09.1 _ I........................ 1.251.316 382,660
302.260
80.400
EN ER A L FIN A N C ES.— In 1910 shareholders subscribed for $20,166,­
Lewis A. Riley, P res., Philadelphia, P a.— (V. 91, p. 1763; V. 9~, p. 595.) 900G stock
a t par. See STOCK above. In Ja n . 1911 dividend rate was In­
L E H I G H & N E W E N G L A N D R R — O perates road from Slatlngton, P a . ,
from 6 to 10% .
to Campbell H all. N . Y .. 95 m .; Bethlehem to Benders J e t., P a., 19 m.; creased
EA R N IN G S.— 9 m os.,/1910-11____Gross, $27,292,746; not. $9,641,940
B ath to M artin’s Creek. P a., 20 m .; branches, 36 m .; to tal, 170 m ., of which
Ju ly 1 to Moh. 31. \ 1909-10___ Gross. 26,428,555; n e t, 10,253,705
two sections, aggregating 35 m ., are trackage and 9 m . leased, leaving 126
m. ow ned. V. 79, p. 2642. C ontract for branch from Danlclsvllle to F or 3 m os. ending Sept. 30 1910, n et after taxes, $2,975,148, against
T am aqua, about 34 m ., was let In J a n . 1911. V. 92, p. 118. Lehigh Coal $3,006,345; other Income, $215,178; charges, $1,578,390; Im provem ents,
$228,817; dlv. on common stock a t 6% yearly calls for $605,022; on pref.
& N a v . Co. owns control. V. 78, p. 1781, 1962; V . 91, p. 1386.
S E C U R IT IE S .— Stock. $1,000,000; p ar, $50. Of the generals of 1908 a t 10% , $2,657; bal., su rp ., $775,440.
ANNUAL R E P O R T .— Fiscal year ends Ju ne 30. The report for 1909-10
($7,500,000), $3,450,000 were reserved to retire rem aining underlying bonds
and $2,850,000 for future requirem ents. T he outstanding $850,000 are was given In V. 91, p. 393, 402. Sec also editorial, p. 369.
Revenue Jrom operation—
1909-10.
1908-09.
1907-08.
owned by the Lehigh Coal A N av. Co. V. 01, p. 1386. Car trusts, guaran­ Coal
freight re v e n u e ..............................$15,821,798 $14,831,071 $16,175,280
teed by Lehigh Coal A N av. Co., V . 86, p. 1343, 1409.
erchandise freight revenue............ .. 14,757,799 13,291,831 14,011,302
EA R N IN G S.— For year ending June 30 1910 (170 m iles), gross, $894,324; M
Passenger revenue__________________ 4,330,172 3,905,003
4,159,890
net, $332,359: charges. $293,031; bal., su r., $39,328. Pres., W . A. L ath- Mall,
express, &C...................................... 1,257,629 1,109,208
1,163,682
rop; V .-P. and Gen. M gr., Rollln II. W ilbur; V .-P. and Gen. Counsel, W m .
Jay T urner; See. and T rcas., II. F . B aker.— (V. 92, p. 118.)
$30,167,398 $33,1 37,832 $35,510,154
Total operating revenue------$21,684,147 $20,575,730 $22,312,036
L E H I G H V A L L E Y R R . — (See M a p .)—Jersey C ity, N . J ., opposite N . Y. O perating expenses_____________
1,106,762 1,079,376 1,122,867
City, to Buffalo, N. Y ., 450 m iles, w ith branches, viz.: (*Sce theso cos.) T a x e s __________________________
$13,376,489 $11,482,720 $12,075,250
perating Income-------------------------------Fee or all Stock Owned— M iles. Lehigh A N. Y ., P a. S tate line OO ther
1,117,635
704,580 1,629,350
Income................................
Buffalo, N, Y ., to Sayre, P a ___ 181 to No. F air H aven, N. Y — 115
O th e r______________ _________- 79
W ilkes-B arre, P a ., to Jersey
Total Income_____________________ $14,494,124 $12,187,300 $13,704,600
C ity ........
174 Leased—S tate Line A Sullivan,
$3,800,100 $3,780,063 $3,745,128
on bonds, &c________________$3,800,109
E lm ira C ortland do N or*--------- 139 e t c .................................................. *28 Interest
2,316,473 2,316,473
R entals and g uaranties.......................... 2,310,473
B ran ch es--------------------------------- 530 Trackage to Susp. Bridge, doc.. 47 Miscellaneous
237,001
240,141
272,425
deductions______
_______
P a. do N. Y .,W ilkes-B arre to Pa.
843,877
582,643 1,775,264
A
dditions
and
b
etterm
ents____
S tate line (w ith 43 miles
T otal June 30 1910................. 1,433
branches) __________________ 140 Second track __________________
______
597
$7,200,600 $6,926,140 $8,109,290
Total deductions from Incom e--------$7,200,600
Buck M tn. anth racite branches to be com pleted In 1911.
$7,293,524 $5,261,160 $5,595,310
H IST O R Y , dec.—T he Drexel-M organ Interests, It Is understood, have
Net In c o m e ________________________$7,293,524
a preponderating voice In the m anagem ent. A syndicate represented by Lehigh Valley Coal Co. net Incom e. 1,136,543
375,452
388,606
‘
"*
K uhn. Locb A Co. In Ju ly 1910 acquired a large Interest. V. 91, p. 276.
$8,430,067 $5,636,612 $5,983,016
T otal net Income.......................................$8,430,067
COAL P R O P E R T Y .—The Lehigh Valley R R . Co. owns all the ($1,965,­ Dividends
$10,630
$10,630
preferred stock (10 % ).
$10,630
000) stock of the Lehigh Valley Coal Co. (V. 81, o. 1726). Annual report Dividends on
2,620,056 2,420,088
on com mon stock (6 % )___ 2,420,088
2 ,4 2 0 ,0 8 8
for 1909-10 In V. 91, p. 394. Purchase In 1905 of Coxe B ros., see "B o nd s.”
The Coal Co. shipped from collieries owned and controlled 8.092,940 tons
Balance, surplus................................. $5,999,349 $3,205,894 $3,553,198
of anthracite coal In 1009-10, against 7,784,078 tons In 1908-09: total coal
A coke tonnage. ’09-’l0, was 14,034,396. Decision A pr. ’l l , V. 92, p. 956.
Pres., E . B. Thom as, 143 L iberty S t.. N. Y.; Vice-Presidents, J . A.
M
iddleton,
T . N . Jarvis, L. D. Sm ith; Gen. M gr., J . F. Maguire; T rcas..
STO CK.—The shareholders voted Ju ne 22 1910 to Increase a u th . com­
axter; Sec., D. G. Baird, 228 So. 3d S t., Philadelphia; E xecutive
mon stock from $40,334,800 to $80,000,000. of which $20,166,900 was J . M.m Bittee:
Chairm an. E . 13. Thom as; Geo. F. B aker, E. T . S totesbury,
subscribed for by stockholders a t par, paym ent being m ade by O ct. 31 1910, Com
Steele, W . H . Moore, Daniel G. R eid, P. A. B. W Idcncr and Geo. F.
the proceeds to be used to retire $6,000,000 2d M. 7s due Sept. 1 1910, and Charles
Baer.
other obligations, and for future purposes. V. 90, p. 1101. 1676.
D irectors— Edw ard T . S totesbury, W . R . B utler, Alfred C. H arrison,
D IV S.—
\ ’88 t o ’91. ’92. *93.’94 t o ’03. *04. ’05. ’0 6 .’07 t o ’10. 1911. W m
Daniel G. Retd, E. S. Moore, Charles Steele, A bram N csblt,
S in ce’87, % ./ 5 yearly. 5M 4
None.
1
4 4 6 yearly. Jan .,5 P . A.. HB.. Moore,
W Idener. Geo. F. Baker. E .B . Sm ith and Geo. F. B aer.— (V. 91.
BONDS.—The gen. consol, m tge. of 1903 will secure $150,000,000 bonds p. 463, 1386, 1447, 1574. 1711. 1766; V. 92, p. 118, 527, 956, 1032, 1 109.)
bearing not to exceed 5% ln t., covering the entire road, the stock of th e
IN G T O N & EASTERN RY.— Owns from Lexington, K y „ to Jack­
Lehigh Valley Coal Co. and other stocks owned. Of the bonds, $10,000,000 son,L EX
K y., about 92 miles. V. 73, p. 663; V. 90, p. 589. In Nov. 1910 the
were Issuable a t once, $10,000,000 were reserved to retire car trusts and Louisville
A Nashville had acquired all of the $500,000 stock and m ost of the
coal-purchase bonds, $96,000,000 to retire a t or before m aturity outstanding $1,500,000
M. bonds and deferred debentures ($330,000) and Is building
fixed obligations am ounting to $94,130,000 (lncl. the coll, tru st bonds, and an extensiongen.
Jackson, K y., up the north fork of the K entucky R iver
$2,000,000 coal tru st ctfs. of 1902, which were called for paym ent), on p ay ­ to a point nearfrom
the
aters of Boone's Fork, about 96 miles, of which 2
m ent of which the general consols will be a first lien on all the p ro p erty of miles opened Nov. headw
1910; also branch Jackson to Quicksand, 3 m . Upon
the system , except as to $12,600,000 annuity bonds, which are a perpetual
ent of the $800,000 IstM . bonds duo July 1 19 1 1 ,.the property will be
charge; the rem aining $34,000,000 were Issuable a t not exceeding $2,000,000 retirem
free of m ortgage d eb t. V. 91, p. 1447.
a year, orsuch larger a m ts, as m ay be a u th . by stockholders, beginning Jan . practically
BON DS.—The 1st m tge. 5s were extended a t sam e rate of ln t. to July 1
1906, for acquisitions, term inals, coal properties, equipm ent, &c. Old 1911,
the com pany having the right to call and redeom all or any of them a t
bonds m ay, how ever, bo extended If necessary for n ot over two years. 102
ln t. All ln t. on the gen. m tge. bonds was waived to Aug. 1 1901.
Provision m ay be m ade a t the tim e of Issue of bonds thereunder for the righ t ln t. and
to be paid In cash Feb. and Aug. 1, as follows: 2% yearly
to convert Into stock a t the pleasure of the holder n o t over $25,000,000 at for 5 thereafter
years,
then 3% for 5 years and 5% yearly thereafter to m atu rity . De­
any one tim e. V. 77. p. 824; V. 78, p. 287; V. 79. p. 1642; V. 82. p. 1380; ferred debentures
will be Issued from tim e to tim e for bal. of the ln t. not paid
V. 86, p. 1343; V. 88, p. 1372. See property covered In V. 81, p. 211.
The purchase of the stock of Coxe Bros. «5s Co. ($2,910,150) and of the In cash on the general m ortgage bonds accruing after Aug. 1 1901.
E A R N IN G S.— 8 m os.. (1910-11.................Gross, $330,169; n et. $95,435
Delaware Susquehanna A Schuyklll R R . ($1,500,000) In O ct. 1905 was
financed by an Issue of $19,000,000 coll, tru st 4% bonds, to be retired by • July 1 to Feb. 28. • \ 1009-10.................Gross, 287.270;] n et, 78,123



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iHklll
H illsdale,
Silvernall8

[Calllcoon
M o n tlcello'

Hawley

Nordmont,

Cbamouni:

im xnltvill
M iddleio wiv

Fish kill \
est P o in t
r Brewstt

iGouldsboro

L.Mab<
D c c k e r to i

Uewl

luow Shoe

Phnitpabtirg

Augusta,

Columbia'.

M ilcsburg

Lauielton

mburg(

s « - ? 'y r c\

W.MUton\^;

i^ ^ S u n b u ry '

ilburto *

W ekert PENN-

•B angoft^C P^

^Andover’
t. OrainL

^ e jp lfr

Jiiddleburc

IROOKLYI

Tyrone)
->"'X y k e n s
o-,£
Lincoln Colliery
|z R atling R n n o - ^ ^ v :

LEH IG H VALLEY

HARRISBUR<

RAILROAD



Lullo. V.

T m xtoa
^ ’CORTUNO
M cLean
F r EEVILLEN*
iDrydeu
M arathon
M in is
| ltichford
Ji'.-TiisI/.ro

^

Y W

ics boro

S n ed ek erv ilh

,PITTSBURG

lells-vili

g fr C n jle r

Vestal

M orris R un/o

Keating^

a-rrmoor

'o

HORSCHCADS
ELM LR/

Moytville

K arthaus
'Clearfield

.Syracuse vv. Calopona>
\ m^PLETONnl
xmeofeies X.
J
’De Bnjrter'

Westfield Flats

O a le to ^ y

ffiid g v a j
D riftw ood

Brockway V.
Coal Gleno—1
'Falls Creek,

ilHiPMS Rochester

.5

n a rri^ V '

[Freeport
’Callei

Addison

L lu m is o u lm rg

H all to n '

1B utler

VfA-

londaga L.

fXewark Valley
Flem ingvlllo

'w e st End

T itusville

Foxbui

i

f H

A read*

nl Sa.„ylvan;
V ienna!1
-^^-S

Xocke
kflro to n

Silver L. Jc. A-ii i Morris

hmkirk

McConnells

Pulton

.F air'll a v4
^ S te rlin g
\k C a to

m ph in ^
H um m elstoi

Jillsbur?*
[ppensburg

/

READ.

Cornwall!

.M iddleto w n

>)

nnvv Mariettifw&es

Y ork .

{'Columbia'

Barto \
Salford'

Slaking M J?
>ottstown('

Doyles T.
Newtown i

T rep to n Jc.
&§5 t r e n t 6 *

RAILW AY STOCKS AND BONDS.

78

R A IL R O A D C O M P A N IE S
[For abbreviations, A c., see notes on first page]
Lehigh Valley— (Concluded) —
Consol Heal E state first m tge
L exington & E ast— 1st M g ext l

M iles Date
Road Bonds

Par
A m ount
Value Outstanding

Rate
%

[VOL. LXXXXII.

When Last Dividend Places Where Interest and
Payable and M aturity Dividends are Payable

1906
$1,000 In treasury
4
F A A Feb 1 1956
1895
$800,000
5e J A
J K Tod A Co, New York
92 1895 1,0001,000
Ac 1,500,000 See text F A 4J Feb 1 1035
text
—
_____
4
100
388.000
J A J Jan 1 1011 2% See
Office, Lexington, K y.
Lime Rock— C onsolidated refunding m ortgage gold
12
_____
400,000
1,000
4
g
J
A
J
July
l
1929
P
ortland,
Me
Litchfield & M adison—F irst m tge $1,000,000 g____
44 1904
1,000 1,000,000
5 g M A N Nov 1 1934
Central T r. Co., N. Y.
L ittle Falls & Dolgeville—F irst m tge $250,000 gold
250.000
3 B J A .1 July 1 1 9 3 2
Amcr
Exch
N at Bk, N Y
L ittle Miami-—S tk original gu 8% 09 yrs P C A St L ___ 1903 100 Ac
4,043,100
50
8
2-5
y — M 10 Mch 10 ’l l 2 Office. Fosdlck
Bldg, Cln
Special guaranteed betterm ent stock ($5,000,000)
_____
4
50 3,700.500
—M
10
Mch
10
41
1%
y
do
do
Renewal m ortgage____________________
c ___
84 1882
1,000 1,500,000
5
M A N ■ \ov 2 1012
Bank of A m erica, N Y
L ittle Rock & H ot Sp W est—See S t Louis fron"Mtn~A
L ittle Schuylkill Nav. RR & Coal—Stock (rental guar)
32
50 2,487,950
5 g J A J Jan 14 41 2 X Office, 410 W aln ut,P h lla
Long Island—Second (now first) m ortgage
* 155
1878 100 Ac
268,703
7
F A A Aug 1 1018
(J S Mtge A T rust Co.N Y
Consolidated m ortgage (gold) ($3,610,000 are fta; ve 156
1881
1,000
4,731,000
4
&
5e
y A—J July 1 1931
doALon
do
General m ortgage gold-___________
Ce c* 163 1888
1,000
3,000,000
4
g
D
J
do
do
Long Island R R m tge on ferry for $2,750"bbo’g.Ce*c*
1892
1,000
1,494.000
M
A
S
4H
g
Mcb
1
1922
do
do
Stew art Line m ortgage of 1932 for $500,000 gold r
18 1892
1,000
332,000
4 g J A D June 1 1932
do
do
D ebenture ($1,500.000) gold not subject to c all.!
1894
1,000 a l . 135.000
5 g .1 A I) June 1 1934
do
A Lon
do
n fT
flrst m ortgage assum ed ..v c
2 1880
1,000
125,000
6
A
M
S Mch 1 1920
do
do
assu
B
usS
tato
E
’tp
A
brs.C
e.c*
76
1888
600.000
A
1,000
5
g
D
.
1
June
1
1938
do
do
L I City A M ushing 1st M to be paid May 1 ____ .
12 1881
1.000
6
M A N May l 1911
600.000
do
do
Consolidated m ortgage gold assum ed_____Ce.c*
19 1887
1.000
650.000
5 g M A N May 1 1937
do
do
New York Bay Extension 1st M assum ed $200,000-.
6
1893
1,000
A ,1 Jan 1 1943
alOO.OOO
5
•J
do
do
M ontauk E xten $600,000 1st M assu
21 1895
1,000 a315,000
5
A J Jan 1 1945
J
do
do
316 1899
1,000
5,660,000
M
A
S
4
g
Mch
1
1949
do
do
....... . .........
K U a i ii c c I . L l f l
316 1903 500 Ac 23,408,000
4 g M A S Mch 1 1949
Exch N at B k, N Y
D ebentures
$16,500,000
a u th o riz e d ..............
1900
8,062,951
4
A
D
J
Dec
31
1919
r
and Controlled Lines, P rincipal or L
Guar anteed.
v* RD£RiN,°,S
,425,000 gugold
p &guar.C
l-Cc.c*e
30 1892
1,000 a l ,262,000
5g
3 — T Oct 1 1932
U S Mtge A T rust Co,N Y
* Manh ,?
V r1stcons
consAI Ms l$1,726,000
19 1885
1,000 a l .601,000
5 g A A (> Oct 1 1935
do
do
N J .* A 0Ck ^eaeh 1st M $984,000 guar p A l___Cc ___ 1887
1,000
A
a883,000
M
S
5
g
Sept
1
1027
do
do
P P & C I 1st and 2d ($96,000 seconds) guar p A I ..
10 ’8 6 -’91
1.000
436.000
Various 1926-1931
do
do
L o r a i n & W est Virginia— 1st M $2,000,000 gold__c*Ar
35 1906
1.000 2,000.000
A
June
1
1011
J
D
4
g
L o u i s i a n a A A rkansas—Stock $7,000,000 authorized ___
____
100 4,500.000 2)4 1n‘10 Scm l-an Mch 16 41 1 X %
F irst m ortgage $7,000,000 gold (tex t).............S.c* A
240 1902
1,000 4,587.000
5 g M A S Sept l t927
m l T rust Co, N Y
Louisiana A North W est RR Prior Hen, gold______ _
35 1895
1.000
100,000
5 g J A J Jan 1 1945
, McL A Co, N Y
First m ortgage $10,000,000 gold___________MSt.o*
115 1905
1.000
2,045,000
5
g A A o Apr 1 1935
Office, St Louis
Louisiana Ry A Nav First M gold (see text)-_F .e& r 339 1903
1.000
8.131,000
A
July
1
1953
I
J
4H
g
rs’
T rust Co, N Y
Second m tge gold $10,000,000 authorized gold__ F 339 1907
1.000
2,414.000
A
July
1
1957
J
J
4
X
g
__n in hands of nubile: total Issued shown In left-hand eolum n: bala nee unde r unified rao rtgago
Year ending June 30 1910, gross, $484,620: net over taxes, $149,891;
q unified mortgage Is lim ited to the am ount now outstanding. Bonds
other Income, $21,936; charges, $118,112: surplus, $53,715. Pres., A rthur areThsubject
to call a t 110 In whole or In p art on any Interest d ay. V 68
C ary, L exington, K y.— (V. 76, p. 542; V. 91, p. 589, 1025, 1447.)
P. 618. Mtges. on real estate, $1,969,917. V. 76, p. 266; V. 85, p. 16 0 *
In
Nov.
1909
auth o rity was given to Issue not over $16,500,000 10-year
LEXINGTON (KY.) UNION STATION CO.—Owns passenger station.
of which a portion to be Issued to reim burse the PcnnsylCommon stock, $15.0u0, owned equally by Loulsv. A N ashv., Ches. A 4% debentures,
R R . for advances aggregating $6,062,952 on account of various
Ohio and Lexington A E astern. There has been authorized $500,000 of 4 % vanla
Improvem
ents
during
1905 to 1908, the rem ainder to cover additional
cum ulative (non-voting) preferred stock, secured by m o rt.,an d rentals paid advances for construction,
provem ents and new equipm ent. V. 89. d
by above-nam ed roads on basis of passenger cars. P res., W. A. McDowell: 529, 1411; V. 90, p. 698, Im
1040.
Secretary and T reasurer, A. Mitchell Jr.
LIM E ROCK R R .—Owns road In and around R ockland, M e., 11 m.;
G U A RA N TIES. — In addition to guaranteed bonds In table above, guar­
trackage, 1 m .; to tal, 12 m . Stock. $450,000; controlled by the Rockland- antees o% on $650,000 New York Brooklyn A M anhattan Beach pref. stock
R ockport Lime Co. of Maine. (V. 92, p. 960.) Dlv. In 1905-06, 5% ; 1906­ 5o,PrnlAreiu ? l: »lso 43*% on $50,000 P. P. A So. Br. stock and 4>$% on
07, 5% , of which 3% from accum ulated surplus: 1907-08, 2 \A%- 1908-09 $82,o00 of the New York A Coney Island stock.
5% . Year ending Ju ne 30 1909, gross, $76,678; net, $35,878; other in­
The shareholders voted March 14 1906 to guarantee, principal and Inter­
come, $6,723; Interest and taxes, $20,049; dividend (5% ). $22,500- bal­ est, an authorized Issue of $10,000,000 4 H % 40-year collat. trust bonds of
ance, surplus, $52. Office, R ockland.— (V. 82, p. 1380.)
’
the Long Island Consolidated Electrical Com panies, a holding com pany, all
LITCH FIELD & MADISON RY.— Owns Litchfield Je t. to M adison, 111 ?r y™ose stock Is owned, for the trolley lines owned and controlled. See
44 m .; trackage, 1 m .; to tal, 45 m . Stock, com mon, $500,000; pref. 4 % V. 8^, p. 100,864: V. 84, p. 865: V.86,p .1157. No bds. sold to Dec. 31 1910.
non-cum ., $500,000; par of shares, $100. Form erly controlled by Chic.
E A R N IN G S.— 2 inos., 11911------Gross, $1,198,422; op. def., $161,905
Peoria A S t. Louis. For year ending .June 30 1910, gross, $236,718; net
Ju ly 1 to Feb. 28. 11910------Gross, 1,067,310; op. def., 95,001
$<>0,968; other Income, $2,571; Interest, taxes, Ac., $66,078; balance
was In V. 92, p. 1024.
deficit, $12,540. P res., Jam es D uncan, Alton, 111.— (V. 79, p. 2456.) ' ^ R E P,O R T .— R eport for calendar year 1910
1910.
1909. Inc. or Dec.
„ LITTLE FALLS & DOLGEVILLE R R .—Owns L ittle Falls. N. Y., to O perating revenue — ______________$9,779,116 $8,960,395 +$818,721
Dolgeville, 10 miles. O perates under agreem ent Dolgeville A Salisbury N et (after tax es)________ _ ..............$2,195,222 $2,017,726 — $ 4 2 2 ,5 0 4
R R . extending from Dolgeville to mine of Salisbury Steel A Iron Co. o th e r Incom e--------- -------- - . _______ 275,051
280,608
— 5,557
Stock, $250,000, of which the New York Central A H udson R iver In July
T otal net Incom e..................... ..........$2,470,273 $ 2 ,8 9 8 ,3 3 4 *-$428,081
1906 acquired a m ajority. Bonds, see table. For year ending June 30
1909, gross, $68,441: net. $24,015: other Income, $1,119: charges, $9,542. Fixed re n ta ls ._______ . . . . . . _________ $255,095
$255,127
Interest on b on d s___ _____ ___ . . . . . . 2,085,848
1,803,330
Pres., W . H . Newman; Sec., D. W . P ardee.— (V. 83, p. 272.)
+ 282,518
5 23 ,096 j
— 65.203
LITTLE KANAW HA R R.—Parkersburg, W . V a., to Creston, 50 miles. O ther Interest, hire of equipm ent, A c. 457,893
Stock, $3,000,000 authorized: Issued, $509,500. Owned by the Pittsburgh Balance, surplus or deficit_________ def.$328,563 su r.$316,780 — $645,343
A Lake Erie, Pennsylvania and Baltim ore A Ohio, the last nam ed operating E xtraordinary expenditures . ______ ______
$250,000 — $250,000
the road from May 1 1908. V. 86. p. 981; V. 82, p. 628; V. 86. p. 981.
Bond Interest does not Include all the Interest, a "proper proportion" on
LITTLE MIAMI R R .— (See M aps Pennsylvania R R .)— Owns Cincinnati
Issued for Im provem ents extending through several years, from
O .. to Springfield, O .. 84 m .; branch, X enia, O ., to D ayton, O .. 15 m .; D ay­ securities
revenue can be derived until com pletion, having been
ton* O .. to Ind. S tate line, 38 m .; leases, Columbus A X enia R R ., X enia, O., which notoadditional
cost of construction. See V. 8 4 . p. 865.
to Columbus. O .. 55 m .; Cln. S t. Con. R R ., 2 m .; Richmond A Miami R R ., charged
P res., R alph Peters; T reas., Jam es F. F ahnestock, Broad S t. S tation,
Indiana S tate Line to Richm ond. 4 m .: total 195 miles.
(V. 91. p. 463, 1512, 1766; V. 92, p. 527, 595, 1024,1109.)
, LEA SE .— On Dec. 1 1869 leased to P ittsburgh C incinnati A S t. Louis Philadelphia.—
LORAIN ASHLAND & SOUTHERN R R .— V. 91, p. 1512.
(now P ittsburgh C incinnati Chicago A S t. Louis) for 99 years renewable for
ever. The Penn. R R . Co. Is a p arty to the contract and guarantees Its
LORAIN & WEST VIRGINIA RR.-—W ellington to Lorain. O., 30 miles,
faithful execution. R ental is 8% on $4,943,100 original stock, 4% on b e t­ with
branches, 5 m. Stock, $2,000,000, all outstanding; par $100. For­
term ent stock and Int. on debt. V. 84. p. 5 1 .815- V 86 p 857
merly
controlled by W heeling A Mike Erie, but control relinquished In
Lessee’s report shows results to lessee: In 1904*. loss ’ $133,746; In Oct. 1908.
of bonds being canceled. O perated In S ept. 1910 by
1905, loss. $167,692; In 1906, loss. $185,303; 1 ^ 1907 loss $54,477; receiver of guaranty
A L. E. under an operating contract. Bonds, $2,000,000
In 1908. loss $142,946; in 1909. profit. $67,171; in 1910, profit, $79,646. authorized. Wh.
Citizens’
Savings A T rust Co. of Cleveland, trustee. Pres
Stock a u th ., $10,000,000. Beginning Dec. 1899 1-5% extra paid on com. H. W. Seam an; Sec. and
T reas.. J. R. N u tt.— (V. 87. p. 1160.)
stock
each(V.Dec
June from surplus invested fund, m aking dlv. 8 2-5%
yearly.—
86, and
p. 857.)
LOUISIANA & ARKANSAS RY.— Owns from H ope, A rk., to Tioga.
La., 188.02 miles; extension from P ackton to Jena, 2D.64 miles; trackage.
L1TTLF. SCH U Y LK ILL NAVIGATION RR. & COAL.— Owns from P ort Tioga
to A lexandria. L a., 8.18 miles; Tioga to Pluovllle, L a.. 5.02 ra., gives
Clinton to Tam auend and Reevesdale, 31.48 miles,- 2d track, 26.49 m.- total, second
to A lexandria; branch Mlnden to Shreveport, 27.15 m .;
91.31 miles. Re-leased on Dec. 1 1896 to Phlla. & R ead. R y "for 999 years trackageentrance
near Shreveport. La., 2 .0 1 m .; to tal, 255 m. Rock Island Co.
and rental reduced from 7% on stock to 5% gold Irom Jan 1 1897 Divi­ uses 36 miles,
L a., to Plnevlllc, L a., under trackage contract.
dends: In 1898, 5 H % : 1899, 5M % : 1900. 5; 1901, 54*; 1902, 5 1903. 5' V. 91, p. 1447. P ackton.
Projected Jen a, L a., to N atchez, Miss., 50 miles.
1904. 5: 1905, 5 4*; 1906. 5; 1907, 5 « : 1908,5 4*: 1909. 5: 1010, J a n , 2 H:
STO
CK
.—Stock
(authorized.
$7,000,000; outstanding, $4,500,00019
t
t
'.
J,
a
n
'
■
Lessee
pays
taxes
and
organization
expenses.—
(V . 73, p. 004.)
shares, p ar, $100), of which $3,745,000 Is deposited w ith the S tandard T rust
of New Y ork. Voting trustees 10 years; W illiam B uchanan, E dw ard E .
LONG ISLAND R R .—O perates the steam surface roads of Lone Island. Co.
O wns—
M iles. [ Leases— (*W hlch see.)
M iles. P orter, BenJ. F. Y oakum , H arvey E. Fisk and Charles L. Pack.
Long Island City to G rc e n p o rt... 95[N . Y. A R ockaw ay Beach Ry* . 12
D IV ID E N D .— March 1906 to Sept. 1909, 3% yearly (1>* M .-S.); 1910.
Long Island City to M ontauk----- 1151Jam aica A So.Shore(V.78 n 102) 5 2 ^ % (IX M .-S .);|t9 1 l, Moll., 1 X % .
Sundry b ra n c h e s...............................109 N. Y. B’klyn A M an. Beach*
15
BONDS.—The unissued first 5s (total lim ited to $7,000,000) are reserved
Trackage—
betterm ents, equipm ent and extensions, of which $1,000,000 reserved
T otal owned (V. 77, p. 2098).>31( Penn.
Tunnel A T erm inal............ 4 for
for bridges across Black and Red rivers, and the balance limited to $20,000
per
of com pleted railroad. The entire am ount outstanding, b u t no
Leases-___
T otal Deo. 31 1910.................... 399 art.mile
Is subject to redem ption a t 110 and Interest on any Interest date.
Nassau Electric R R -------------------- 10 Oper. electrically In Deo. 1909 140 pBeginning
w ith S ept. 1907 a sinking fund of $55,000 per annum to buy
N orth Shore Branch R R ________ 3 0 1Double trac k ___________________ 11132 bonds, If possible,
a t 110 and interest or under; otherwise to be Invested.
Also owns through the Long Island Consolidated Electrical Companies Bonds so purchased are kept alive In the sinking fund.
the H untington R R .. N orthport T raction. N assau County R y. and Ocean 8 M os. end. Cross
Net (after Other
DeducBalance,
Electric R y ., having a combined mileage of 26 H m ., Inc. 15 H m ., H untington
Feb. 28— Earnings.
Taxes).
Income.
tions.
Surplus.
to A m ltyvillc, opened Aug. 26 1909. V. 89, p. 593. V. 90, p. 1040.
1910-11............$963,423
$341,907
$74,628
$219,102
$107,433
The Penn. R R . in 1910 com pleted an underground tunnel (electric rail­ 1900-10............ 848.818
204,605 69.808
190,894
road) for passenger service from Jersey City under the H udson R iver to a
.— For year ending Ju ne 30 1910 in V. 91, p. 1323. 173,609
central passenger station a t 33d S t. and 7th to 10th avenues, and thence # aRrE. P O RmTGross.
Net. Oth.Inc. Chges.,&c. Dividends. Balance.
under the E ast R iver to a connection w ith Long Island R R ., the Long Island 1909-10...$1.322.761 $487,503
$295,007 (2X )$112,500 $184 850
trains
beginning to run Into the station S ept. 8. As to Im pts., see V. 89, p 1908-09... 1,186,400 360.629 $104,854
01.557 247,546 (3% )112.500 92,140
666, 1483.
Pres., W m . B uchanan, T exarkana, A rk.— (V. 91, p. 463, 1323, 1 4 4 7 .)
STO CK.— $12,000,000. par, $50: of which P enn. R R . owns $6,797,900.
, A 9 UIrSIAiV
i\* miles;
NORTHtrackage.
WEST RMagnolia
R.— Owns
Magnolia.6.4A miles
rk., to N atchi­
D IV ID ’S.— 11882 1883 to 1890 1891 1892 1893 1894 1895 1896 None toches,
L a., 114.7
to McNeil,
Pcr cen t..........\ 1
4 yearly 4
5
5 4>* 4
4 since
Stock,
$10,000,000
authorized,
of
which
$2,300,000
outstanding;
BONDS.—The refunding 4s of 1903 ($45,000,000 authorized Issue) are se­ Jk ? 0.’ i 3?1 trVst3 SePL 1909* 52,500. Of 1st 5s of 1905 ($10,000,000 par,
aucured by a lien on the entire road, subject to the $21,592,000 outstanding old thorlzed
Issue), $150,000 Is reserved to retire the old bonds and $105,000
bonds, to retire which an equal am ount Is reserved; rem ainder, $23,408,­ for Im provem
ents,
equipm
ent,
Ac.
V.
82.
p
.
628;
V.
85,
p.
1462.
For
0 0 0 , guar, as to prln. and ln t. by the Penn. R R ., were sold, the proceeds to
rlw nf*et,? $68,320.
®flor ,1910, Pres,
Kross*and
5299.968;
In 1909,
gross, V$314,­
be U8eu for various Im provem ents and additions In connection w ith the S360.
T reas.,n et,
Geo.$72,696.
W . H unter,
S t. Louis,;
.-P.,
Pennsylvania tunnels to and through New York City, principally for addi­
„
jlay
Nelson,
H
om
er,
La.;
Sec.,
John
A.
R
ichardson.
H
om er, L a.—
tional term inal facilities a t Bay Ridge and Long Island City and for a double­ (V. 8o, p. 1462.)
track connection with the New Haven road, for additional freight and pasLOUISIANA RY. & NAVIGATION C O — Owns New O rleans to Shrovctr£ck3* equipm ent, and to retire old bonds. V. 78, p.
in.; Colfax to W infield, 28 m .; A lexandria to Jena, 8 ^ m.;
583, 1549; V. 79, p. 2796; V. 80. p. 1111; V. 81, p. 211; V. 82. p. 868; V. 92, port, L a., 305.6
E m s* 7 m - Stock a u th ., $12,000,000; o u tst’g June 30 1910, $8,p. 527. Due Penna. R R . Dec. 31 1910 for advances, $12,798,792, on ac­ J v i’iXx* t0
Par,
$100.
F irst m tge. bonds (see table above) are lim ited to
count of which $8,062,951 debentures had been Issued.
total Issue and $23,000 per mile; $300,000 has also been Issued
E quipm ent tru st obligations Dec. 31 1910, $3,322,000; loans and bills 517,500,000
a
x
ridfire
over
the
R iver
t A lexandria:
for
payable, $4,700,000. Pennsylvania Co. Dec. 31 1910 owned $722,000 4 % V?r
New Orleans term inals.Re(l Sec
V. a77,
p. 36, 769.$4,000,000
Car trustsIs reserved
outstanding
equipm ent certificates.
June 30 1910, $328,672: loans and bills payable, $206,285.
k u iu




___

APR., 1911. |




RAILWAY STOCKS AND BONDS.

79

80

RAILW AY STO CKS A N D BONDS.

[VOL. LXXXXII.

Rate
When Last Dividend Places Where Interest and
A mount
Par
Miles Date
R A IL R O A D C O M P A N IE S
Payable and M aturity Dividends are Payable
%
Road Bonds Value Outstanding
[For abbreviations, A c., see notes on first page]
R W lnthrop & Co, N Y
A S Mch 11950
$ 2 5 0 ,0 0 0
5g
$500
45 189 7
Louisiana Southern— 1st M g red a t 105 since **02 Ce.c
S P Co, 120 B’w ay. N Y
A J July 1 1921
1,000 21 .2,5 40 00 ,0,0 00 00 See tex t Seml-an
Louisiana W estern—F irst m ortgage gold............... Ce.c* 106 1881
P ittsburgh, Pa
Jan
3
1911,
4%
100
Louisville Bridge Co—Stock ------------------------------------Louisv Hend & St Louis—Stock ( H 5% p rn o n -cu m )-- 182 1 896
Bk of A m er, NY A Louis
A
J
July
1946
2
,5
0
0
,0
0
0
5
g
500
F lret ratge $2,500,000 gold------------------------------- Q
J P Morgan A Co, N Y
A S Mch 1 1945
g
1,000 6 40 ,5.0 00 00 .0.0 00 00 7 in 4 1010
1895
Louisville & Jeff Bridge—$5,000,000 g gu p & 1end.c*
A A Feb 10 ’ l l 3 H 71 Broadw ay New York
100
Louisville & Nashville—Stock $ 60 ,000,000------------do
do
Dec 1 1919
1,000
E H & N 1st M Hend to Nash g draw n a t 110--Ce.c* 155 1879
do
1 1930
do
1,000 d 51 ,7.1 519 830 .0.0,0 000 000 6i6Mg g AAA DN1) June
Louisville A N ashv gen M gold draw n at 110--Ce.c* 803 188 0
do
Nov 1 1931
do
1,000 3C.2298.000
176 1881
L C & Lex gen m tge gold (V 63, p 1010)..........- (j.c*
do
A
S
Mch
1
1920
do
6
g
1.000
Pensacola Dlv 1st M gold (drawn a t 105)____F.c*
45 1880
do
A J Jan 1 1030
do
6
g
b 4 ,9 9 4 ,0 0 0
1,000
New Orl A Mob Dlv 1st M N O to Mobile g__F.c* 141 1880
do
A J Jan 1 1930
do
6
g
1,000 31,5.0 00 00 .0.0 00 00
Second m ortgage gold............................................. c* 141 1880
do
s
Mch
1
1921
do
A
6
g
1.000
Southeastern A St Louis Dlv first m ortgage g o ld .c ’ 208 1881
do
A s Mch 1 1980
do
3 g
S 3 .0 0 0 ,0 0 0
1,000
Second M gold E ast St Louis to Evansv A b r.-c* 208 1881
do
May
1
1937
N
do
A
5
g
f
l
.
7
4
9
.0
0
0
1,000
192 1887
F irst M (50-year 5s) $15,000 per mile gold___Us.c*
do
A N Nov 1 1931
do
5g
g 4 .7 0 5 .0 0 0
1,000
1888
F irst m tge collateral tru st ($7,000,000) gold__ F.c*
do
do
A J July 1 1940
4g
0 A c c 5 7 .8 7 3 .0 0 0
Unified m ortgage for $75,000,000 gold. . Ce.c* Ar T ext 1890 1 ,0 0 1.000
Mch
11910
St
Louis
T
r
Co,
St
Loulo
S
A
6
1
7
.0
0
0
6
g
1891
S t Louis property first mtge gold $ 6 5 0 ,0 0 0 -.-SSt.c
71 B roadw ay, New York
A s Sept 1 1945
4 ,0 0 0 .0 0 0
1,000
Hi g
Mobile A M ontgomery Joint m ortgage gold____Ce.c 179 1895
do
do
A A Aug 1 1021
1 .9 4 1 .0 0 0
6
g
1,000
Pen A A t first m ortgage gold drawn assum ed____c* 160 1881
do
do
1 1931
65 gg AA AS Sept
1.000 1 ,1 8 1 ,0 0 0
H enderson Bridge Co 1st M g dr 105______Ce.c*
10 1881 1,000
do
do
Aug 1 1937
1 .9 9 6 .0 0 0
105 1887
N ashv Flor A ShefT 1st M g assum ed In 1000__ Ce.c
do
do
Feb
1
1946
A
A
r
4
.6
1
9
.0
0
0
4
g
1.000
1896
254
Paducah A Mem dlv 1st M, $5,000,000 gold -Ala.c*
do
do
Aug
1
1930
A
A
5
g
7 .2 9 2 ,0 0 0
1,000
Sou A Nor Ala Con M (for $10,000,000) g gu .C e.c* 192 1886
do
do
A J Ju ly 1 1945
4H g
1.000 1 ,4 0 0 ,0 0 0
1805
Newp A Cln Br 1st M g s f assum gu by Penn C o ..F
J P Morgan A Co, N Y
July 1 1952
P
4g
1902 1 .0 0 0 A c n 5 ,8 8 2 ,5 0 0
L A N-So J 't M $7,750,000 red 105 since #07-S.c*A r
New
York
71
Broadway
Ju
ly
1
1987
A
J
1,000 j6 .790959.0.000 00 54 gg A D Deo 1 1946
K entucky C entral 1st M ($7,000,000) gold _-M p.c* 247 1887
do
do
1.000
1 896
A tlanta Knoxville A N orthern first m tge gold— Ce 228 1002
do
do
Mch
1
2002
A
S
4
g
5
0
0
,0
0
0
1,000
A t K & Nor consol M g $10,000 p m ..........................Us 228
do
do
N May 1 1955
4 g
1905 1,000 Ac * 2 0 .2 4 5 ,0 0 0
L A N —Atl Knox A C Dlv M $50,000,000. Us.c*Ar 726 1902
A D Dec 1 1052
4 g
1.000 2 .5 0 0 ,0 0 0
L A N Terra M $3,000,000 gold guar Jointly..M ac*
Louisville New Albany & Chicago—See Chicago India napoll19 s A Lo ulsvllle.20 6 0 0 .0 0 0
13 W illiam St,N Y
Q—J Apr 1 1011 1 Office,
4
Lykens Valley—Stock. R ental pays 4 % —
No coupons ever paid
A J Ju ly 1 1946
5 0 0 .0 0 0
1,000
6g
97 1896
Macon &. B irm ingham — 1st M $500,000 gold— OB.c
New
York
T rust Co. N Y
Jan
1
1947
A
J
1
.2
4
0
,0
0
0
5
g
1,000
93 190 7
Macon Dublin & Sav— 1st M $1,840,000 g gu pA l.N .c*
P ortland, Me
4 .9 8 4 .7 0 0 8 In 1910 Q—J Apr 1 1911 2% Office,
Maine C entral—Stock and scrip ($12.000,000)--------- ­ l 304 J1 8 7 2 100 100
N
Y,
Boston
A Portland
1
Apr
1
1912
A
01
5
A
7
4
.1
0
3
,5
0
0
Ac
F irst consolidated mort-1 ($269,500 are 5s)--------cAr
do
do
A Of /A p r 1 1912
\ 1872 100 Ac 4 .7696 09 .5,0 00 00 4 A54 H
gage. $9,000,000____J ($3,265,500 are 4 s )...c A r
American
T
ru
st. Boston
June
1
1923
A
D
1.000
1883
41
Collateral trust bonds for Mt D esert B ranch.-A B .c colum n: bala nee unde r unified mo rteage.
note
on
next
pair*
f,
g,
see
footc.
e.
a In hands of public: total Issued shown In left-hand
of this stock, $1,563,000 are reserved to acquire the rem aining Monon
E A R N IN G S.—8 m oo .,( 1 0 1 0 - 1 1 . Gross, $1,144,269: n et, $249,608 stock
and $2,110,000 for ••Monon1' Im pr'ts. A c..
Y ^ ly 9 1 1 , 3 3 1 ; n et,
171,907
Ju ly 1 to Feb. 28. 11909-10___ Gross,
The A tlanta Knoxville A Cincinnati division 4s ($50,000,000 authorized)
For year ending Ju ne 30 1910, gross, $1,419,057; net. $313,175; taxes, cover
726
miles.
Of
the
bonds,
an
equal
am
ount
will
be
reserved
to retire
$49,111; other Income, $64,211: charges, $580,047: bal., def., 8251,772.
aturity underlying bonds, viz., K entucky C entral 4s. $6,742,000 A tlan­
P res.. W m . E denborn. H ibernia B ldg.. New Orleans: A sst, to Pres, and atat Km noxv.
A
N
orth,
bonds,
$1.500,000.
The
lino
from
Livingston
to
Jclllco.
T rcas., C. Ellerbc, S hreveport.— {V. 84, p. 390, 450.)
61 miles. Is subject to prior lien of unified m tge. V . 80, p. 872; V. 84, p 1428
LOUISIANA SOUTHERN RY .—See this section for July 1005.
In April 1911 $ 2 0 , 2 4 5 ,0 0 0 had been sold, including $10,000,000 bought
•
LOUISIANA W ESTERN R R — (See Ala p of Southern Pacific.) .— Owns about April 25 1911 by J . P. M organ A Co. . . •
from L afayette, I.a.. to Sabine R iver, 105 miles: Abbeville to Eunice, 59 m.:
F IN j\N C E S .— In Feb. 1910 dlvs. on N ashv. C hatt. A St. Louis stock.
M allard J e t. to Lake A rthur, 34 m .; to tal, 198 miles. Extension from $7,177,600 owned (reduced to 5% In Aug. 1908) were restored to 6% .
Eunice to M amou, La.. 11 m ., under contructlon In Nov. 1910. O perated
In Aug. 1908 the L. A N dividend rate was reduced from 6% to 5%
Independently. Southern Paclllo owns all the $3,360,000 stock. Dividend
to 6% In Aug. 1909 and Increased to 7% & ^cb. 1910.
on stock In 1905-06 and 1906-07, 10%; In 1907-08,85% ; In 1908-00, b uInt restored
Ja n . 1909 $29,864,000 bonds securing the $23,000,000 5 -2 p-yea™ ollat.
20% : 1909-10, 15% . In year 1909-10 gross, $2,032,208: n et Income, tru st bonds were sold, the la tte r being paid oil April l 1 °?? and the $6,500.•
$725,857; surplus over charges, $543,658.— (V. 74, p. 268.)
000 3-ycar notes on or before Mch. 1 1910. V. 88, p. 295, 452, 1-53.
LOU ISV ILLE BR I DOE CO.—Owns b rid g es,294 feet longovcrO hto Rlv.
EA R N IN G S.— 8 m os., J1910-11____Gross, $36,605,191; net, $11
a t Louisville, Ivy., and about 3 miles track In Louisville, used by P. C. C.
July 1 to Feb. 28. \ 1909-10____Gross, 34,480,459; not, 12,978,508
* S t. L. R y., Louisv. & N ashv., &c. Surp. earns, revert to roads using b r’g.
F or 6 mos. ending Dec. 31 1010, n et. $7,917,068, akalnst $9,699,456 In
STOCK Is $1,500,000; Penn. Co. owned Jan . 1 1911, $900,300. Dlvs. 1909;
other Income, $1,047,844; charges, $3,637,267; dlvs. (3H % )> $2,100,­
Since 1902: 1803, 13% (V. 79, p. 2747: V. 78. p. 102); 1904. 4% ; 1905, 6% : 000; bal..
sur., $3,227,645. V. 92, p. 595.
1906, 7% : 1907, 8% ; 1908, 16% : 1909. 8% ; 1910, 8 % . For year ending
R E P O R T .— R eport for 1009-10, In V. 91, p. 040, 953; see also P- 91 J.
Deo. 31 1910, gross. $315,768; net, $145,819; other Inc., $44,448; charges,
$51,180; dlvs. (8% ), $120,000; bal., sur., $19,087.— (V. 86, p. 285.)
Year
ending
June 30— . . . . . . . . . .
1028*i<i7
4,554
4,393
4,347
LO U ISV ILLE HENDERSON & ST. LOUIS RY-— R O A D .--L ouisville Avoratro cmileage
a r S s ........
.................$.18,421,779 $32,485,080 $31,334,041
to H enderson, K y., 144 miles (lncl. 6 rn. trackage); Irvington to Fordsvllle, PFreight
^
n
f
f
o
r
o
---------------10
708,008
10,062,835
10,500,048
K y., 44 miles; Mitchell to H artford, K y., 18 miles: L. A N . trackage, H en­
derson, K y., to Evansville, In d ., 12 m .; to tal, 218 m. Lou. A Nash. In M»iu"xp” < ^ ; & c i: : : : : : : : : : _____ 3,214,005 2.807,38? 3,004.302
1004-05 acquired $776,081’ pref. and $1,631,385 com. stock. V. 81, p. 1100.
$52,433,382 $45,425,891 $44,620,281
Gross earnings--------------3 4 , 9 8 5 ,5 7 9
2 9 , 0 2 7 ,4 9 9
3 3 . 5 9 4 ,2 9 1
E A R N IN G S.— For
7 m os. ending
. _
O perating expenses...............
Gross.
N et. Ja n . 31:
O th.Inc. Charges. D_ al.,Sur.
7 m o s __
1910-11...............$741,580
$161,708
$4,010
$124 187
$41,531 N et earnings................................................ $17,447,803 $15,798,392 $11,025,990
1900-10 _______ 686,001
186,999
3.G01
1 13,194
77,496 Net
N et, Including Investm ents, A c------- $19,302,398 ^ 1 7 ,117,961 ^ 12«j}46,658
l,437,Uu«s 6,236,187
1,493,760
______............................................................ 61.602,632
R eport for year ending June 30 1910 In V* 91, p..7 8 8 , showed:^ Gross, TTaxes
iaxes
496 311 6,416,329
$1,176,869; net Income. $297,874; charges, $204,574; bal., su r., $93,300. Interest
and ren t-----523.959
411,403 Cr. 50,007
A dvances to S. A N. A ., Ac--------- " 206.240
In 1908-09, gross, $1,023,736. Pres., Luclen J . Irw in.— (V. 91, p. 788.)
264.302
251,792
LO U ISV ILLE & JEFFER SO N V ILLE B RID GE CO.— One-half mile long; Sinking fund paym ents.....................
approaches 1 mile; 40 acres In Louisv. and about 00 acres In JelTersonvllIe. D ividends_____________ _________ (7) 4.200,000 (5^)3300000(5^)3300000
S tock. $1,425,000; m tge. Is for $5,000,000; bonds for $500,000 are reserved
Surplus over d iv id en d s_____________$6,213,256 $5,287,935 $1,214,964
for future construction, Ac.; the bonds are guar Jointly and severally by the
Chesapeake A Ohio and Cleveland Cincinnati Chicago A S t. Louis, In whose
O F F IC E R S .—C hairm an. H enry W alters. N . Y ,; Pres., M. H . Sm ith,
Interest the stock Is owned; any deficit on account of the bridge Is payable Louisville. 1st V .-P., W . L. M apothcr: 2d V .-P., W in. J . Dickinson.,71 Bway.
by them In the proportion of onc-thlrd and tw o-thirds respectively—see N. Y .— (V. 91, p. 1025, 1447, 1512, 1711; V. 92. p. 322, 595, 70o.)
V. 60, p. 130; V. 61, p. 327, 559; V. 62, p. 84.— (V. 89, p. 529.)
L Y K E N S V A L L E Y R R . & COAL CO.— Owns from
L O U I S V IL L E & N A S HV I LL E RR.— (See M a p .)— H OA D.— O perates W llllam
stown, P a., 20 miles. New lease to N ortheri
m ain line from C incinnati. O ., to New O rleans. L a., 021 miles; w ith branches from
ly 1 1910 provides
i ° (V.
i 9-,,
S p.S «>„7.)
v 0n
to S t. Louis, Mo.. M emphis, T enn., A c.. 3,660 miles, m aking to tal system stock ),Juorganization
expensesforandannual
taxes.renVtal. 9 -,o p.f 527.
proper, June 30 1910, 4,590 miles.
Reported separately—
M iles.
MACON A BIRMINGHAM
.—Owns
Sofkee JoInt. 1008
to Laa Greeelvr»r
range, Ga
Lines owned absolutely or through
DIKi»UMUnanito RY
KM«acon,
»
rot
1908
receiver
was
ashville C hatt. A S t. Louis— 925 97 miles; trackage,
capital stock—
M iles. •NGeorgia
o, a ., a- «»• Yn
R ailroad system _______ 571 appointed; now JohnSofkee
Louisville to N ashville___________ 181 ♦♦ Louis.
B.
M
unson.
V.
86,
p.
in
t.,
taxes
and
rentals,
H end. A S t. Louis______ 182
Sundry other lines__________ ...3 ,3 1 4 •Ohio. Ind
In
year
1908-09,
gross,
$139,513;
net,
. A Louisville............. -.6 1 6 $47,426; b al., def.. $43 ,11 4 — (V. 86. p. 337, V 91, p. 945.)
Lines leased, A c .—
1
•S outh. A N orth. Ala. R R ______ 193 O ther lines.......................................
m irn isi n iim in a SAVANNAH R R . — Owns rsad from Macon to VIOwned b u t leased to other cos__ 21 dMKACGaN
O ther lines-----------------------------------675 Do.
93 miles * S A-ck $ 3 ^2 0 o!oo 6 auth .: outstanding. $2,040,000
Paducah A Mem. D lv______ 248 (oar $ 10 0 )* substantially
O perated for other com panies__ 222
all owned or 'J ^ c r opUon by Seaboard A ir Line
♦ See this com pany.
------T otal system proper------------- 4,590 T otal of all July 1 1910.............7.154
In Ju ne 1909 acquired all the securities of the Louisville A A tlantic,
V ersailles, K y., to B cattyvllle J e t., 101 m ., and branch, 3 m . V . 89, p. 42.
In N ov. 1910 had acquired practically all the securities of th e Lexington
A E astern R y., Lexington to Jackson, K y., 92 miles, except $800,000 1st M. New York; See. A T rcas., A. S. H ale.— (V. 80, p. 981, V. 0^, p. 396.)
bonds, which m ature July 1 1911, and Is extending the road from Jackson,
u > im p fP N T D A l u p __Line of road, P ortland to V anceboro, Me., via
K y., up the north f»lk of the K entucky R iver to a point near the head­ A ugusta.
251 miles; branches. Cum berland
t? ’ v,a Lewiston,
w aters of Boone’s Fork, about 96 miles. V. 91, p. 1447.
01 m.; Bath to Lewiston and F arm ington, ^6 m .. B
Control by Atlantic Coast L ine .— Late In 1902 the A tlantic Coast Line R R . port and Mt. Desert. Including ferry (7.7m .), 132
*> Ogdensb g
acquired $30,600,000 of the $60,000,000 stock, b u t the roads are operated R y.. P ortland, Me., to Lunenburg, v t.. 109 *°.,sm all b r., 11 m .; U pper Coos
Independently. V. 74, p. 830, 1038: V. 75, p. 733, 1390.
and H ereford railw ays, Quebec J e t.. N .
to Lim e Ridge, Quebec. 108 m .;
D IV S.— I ’93. ’04-’08. ’09. ’00. ’Ol-’Ol. ’05-’07. 1908. ’09. ’10.
1911. Portland A Rum ford Falls system . 104 m ., B ath to Rockland (Including
Since *92/ 4 None. 3 H 4 5 y ’ly. 6 y ’ly. Below. 5 ^ 7 F eb., 3 ^ steam ferry. 6-10 m .), 49 m .; total. Jo ne 80 1910, 932 miles, of which 400
In Feb. 1908 paid 3% In cash and 1% In Louisville Property Co. stock. owned, 499 operated under 999-year lenses and practically owned, 33 m.
In A ug., 2
cash. V. 86. p. 220. 421. In 1910. 7% (t A A.)
under 50-year leases and 8 m . ferry lines.
.. ...
1910 Rangelcy Lakes A M cgantlc R R . w asIncorporated by the
BON DS.—E v. Hender. A N ashv. fls are draw n a t 110 annually In am ounts samIne June
Interests with $100,000 a u th . stock, to build from Oquossoc, Me.,
Increasing each 5 years until $150,000 per year Is reached; In 1910, $110,000. term inus
of Rum ford Falls branch, to Canadl&n to ru er, 30 miles.
Pensacola Div. bonds arc now called $20,000 yearly. V. 81, p. 265, 7 *.6.
In Mch. 1911 a law was passed perm itting the com pany to merge the
The general mortgage bonds of 1880 are called a t 110 In Increasing am ounts Som
erset R y., W ashington County R y. and SoDastlcook A M ooschead R R .,
each year; $500,000 will be paid Ju ne 1 1911. V. 92. p. 795.
for some tim e controlled, aggregating 247
(an offer to be m ade to
In June 1890 the **unified” mortgage (trustee, C entral Trust Co.) for $75.­ purchase
stock of the Som erset R y.. Held by the public), and to Increase the
000.000 was authorized. $41,917,660 bonds being reserved to retire all prior capitalization
by about $9,000,000, to carry out the sam e. V. 92, p. 7*.6.
Hens (none of the prior liens can be extended) . the balance for Im prove­
The P ortland Term inal Co. was incorporated in April 1911. nn Issue of
m ents, extensions (at the rate of $32,000 per mile, Including equ ip m en t). $500,000
5% stock. It was reported, being authorized (to be Increased as
and for other purposes. The m ortgage covers (besides 1,994 miles of required)
and a bond Issue being contem plated.
road and equipm ent), $9,592,300 stock of com panies controlled and $3,­
150.000 bonds free from any lien. See a b stract of m ortgage In V. 51. p.
STOCK.—Stock for $2,516,000 owned by Boston A M aine, which In
613; also V. 72. p. 1034, 1188; V. 77. p. 968. In July 1910 com pany re Mch. 1011 received auth o rity to purchase rem ainder. V. 02. p. 1108.
ported $62,848,000 outstanding, of which $4,952,000 In treasury and $17,­
D IV ID E N D S.— 1884 to July 1903, 6% yearly; O ct. 1003 to Ju ly 1007.
000 In sink, funds. V. 81, p. 1848; V. 86, p. 1344; V. 88, p. 295.
O ct., 1907, to A pr. 1911, 8% yearly (Q .-J.).
Mobile A Montgomery— Louisville A Nashville Joint mortgage Is for $5,000, 7%;BONDS.—There
are also $81,000 M aine Shore Line 6s assum ed, due 1923
000; $1,000,000 reserved for Im provem ents. V. 61, p. 196, 750.
also $75,500 Belfast A Mooschead Lake m tge. bonds, due 1920, n o t g uar­
K entucky Central m tge. a b stract V. 45, p. 372. South A N orth Alabam a anteed, Interest and sinking fund paid o ut of rental; A nd. A Ken. stock
Im provem ent 5s. due Aug. 1 1936, $1,920,000 authorized, are owned.
bonds, $11,000, exchangeable for M. O. stock: Maine C entral Interest scrip
for consol, bonds, $8,192. Jointly w ith B. A M. guarantees
Louisville A Nashville Terminal 4s.— Jointly guaranteed, prln. and lnt., exchangeable
$300,000 P ortland Union Station bonds.
..................
by L. A N. and N ashv. Ch. A vSt. L. See form , V. 88, p. 1313.
In 1909 sold $2,000,000 4% 5 -year notes, in Mch. 1910 $ 5 ,0 0 0 ,0 0 0 4
In 1902 the Louisville A Nashville and the S outhern Ry. acquired $9,796.­ 2-year
and In April 1911 $ l .500.000 one-ycar 4% notes, to retire the
900 of the $10,500,000 Chic. Indianapolis A Louisv. com . and $3,873,400 of Som ersetnotes,
Ry. notes duo June 1 1011. V. 88, p. 686; V. 00, p. 849; V. 9^..
the $5,000,000 pref. stock In exchange for their Joint 50-ycar 4% bonds. V.
7 4 ,|p .ll3 8 ; V .76, p.593. Of the $15,500,000 Joint bonds secured by deposit p. 1032.



M A P O F T IIE

Kahi>ekanaQs

00
NORTHERN

/ V

Valley Ci

PACIFIC

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Edgelcy'^Monang?r?
Ellendale'

MINNEAPOLIS & S T . LOUIS

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V iw s *

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.Rapids \ \ \
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ilinovid

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(Greeley

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ATCH.

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lubuque

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[arshall T,
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|Newburg

Cedar Ttapic

i
Grand
iue ^ Ottawa

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Aurora

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moutlrj

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y /G leuw pod Jc.

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1

iwoc

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ibasha Mcrrillnl

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82

RAILW AY STO CKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[F o r a b b re v ia tio n s, <fcc., see n o te s o n fir s t page]
Maine Central (C o n c lu d e d ) —

D a te
R oad B onds

Par
V a lu e

A m ount
O u ts ta n d in g

R a te
%

W hen
P a y a b le

[VOL. LXXXXI1.
L a s t D iv id e n d P la c e s W h ere In te re st a n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le

Improvement bonds “A” A "B" not mortgage 8 f_.
1 ,0 0 0
$450,000 4 H J A J July 1916-1917 N Y, Boston A Portland
Maine
Central Eur & No Am refunding mtge gold
56 ’86-’87
1893 $1.00C
1 ,0 0 0 ,0 0 0
A J Jan 1 1933
4 g
do
do
Notes $2.000.000.......................................................
1909
2 ,0 0 0 ,0 0 0
1 ,0 0 0 Ac
4 J Q—
1 1914
do
do
Notes
$
5 ,0 0 0 .0 0 0 .........................................................’
1910
1,000
Ac
5,000,000
A
A J O April
4M
April 111912
1912
do
do
One-year notes, 51,500,000_______________ .
1911
1,500,000
4
Apr
First
mtge
Penobscot
Shore
Line
RR
Co
assumed
1890
1 ,0 0 0
1,300,000
4
F
A
A
Aug
1 1920
N
Y,
Boston
A
Portland
K
A
L
second
mtge
(for
$400,000)
assumed
BB
1801
1,0 0 0
400,000 5 F A A Feb 1 1921
dooffice,Bangor,Me.
do
European A Nor Amer stock 5% rental 909 years
__
1 0 C 2.494.100
5
A
O
Apr
15
1911
2H
Treas.
Portland
A
Ogdensburg
stock
(2%
rental
099
years)
_
1 0 C 4,392.538
2
Q —F 28 Feb 28 ’l l ,
Maine
Cent
Off,
Portland
First M. guar, prln and Int end. V. 8 6 , p. 1285.
1908
2.119.000 4H M A N Nov 1 1928
1 ,0 0 0
N Y , Boston A Portland
Dexter
A Piscataquis
5% rental
999end
years BB
10C 175,000
1 2 2 ,0 0 0
54 J A J Jan 19tl 2H% Office,
First mtge
Dexter(rental
tostock
Dover
guar by
1889
1,0 0 0
J
A
J
July
1 1929
Bos SafeDover,
Dep Me
A Tr Co
Hereford
Ry stock
999 Ac
years)
10 0
800,000 4 M N May 1911 2% Treas.
office,
Portland
First
mortgage
guaranteed
prln
A
Int
(endorsed)"
1890
1,0 0 0
800,000
4
M
A
N
May
1
1930
N
Y,
Boston
A
Upper Coos RR stock 6 % rental 999 years
"
350,000 6 M A N May 1911 3 Office, Portland,Portland
Me
First
mortgage
guaranteed
prln A Int (endorsed)
^"
1890 500 10Ac0
350.000
4 M A N May 1 1930
N Y, do
Boston & Portland
Extension
M
$21,000
p
m
guaranteed
p
A
l
(end)
1890
500
Ac
693,000
4 h M A N May 1 1930
do
Dexter A Newport stock 5% _
10 0
1 2 2 ,0 0 0
1911 2 H % Treasurer’s office, Portl’d
FirstMaine
M (old
In 1897) gu arp A I end"c;
1897
1 ,0 0 0
175,000 54 JM A SJ Jan
Sept 1 1917
N Y, Boston A Portland
East
stk64s refunded
M % rental 999 years
10 0
2 0 0 ,0 0 0
M
A
N
May
1911
2 H % Office. Rockland. Me
Washington
County
1st
M
per
mile
g
gu
"red""
Ce'c*
1904
1 ,0 0 0
2.500,000
2 H g J A J Jan 1 1954
N
Y, doBoston A Portland
Somerset Ry notes $1,500,000 guar prln A lnt.J_.
1907
1 ,0 0 0
1,500,000
5
J
A
DJ June 1 1911
do
Portland Union Station series “A” A "B” (text) s f
'87—
*89
1 ,0 0 0
300.000
4
A
J
'
’
27-Jan
20
Fidelity
Tr Co, Portland
Portland & Rumford Falls RR—See that company
Manchester
&
Lawrence—Stk
1 0 % rent till ’3 7 B A M
22
10 0
1 ,0 0 0 ,0 0 0
11 1911
Boston
Real estate bonds (not mortgage) Int gu by B A M.c
1892
1 ,0 0 0
274,000 1 04 JM A& NJ
1922 5% Manchester
Boston A Meand
RR, Boston
vay.an
Ry> N y_stock $60,000,000-.
10 0 60.000,000
.1886
...
75
O—J
1
1911
IH 21 Park Row, New York
NManhattan
x Kiev debentures secured by cons mtge of 1890 .
1 ,0 0 0
1 .0 0 0 .0 0 0
M
Mercantile
Trust do
Co, N Y
Elev cons (now 1st) mtge gold._Ce.c*Ar
1890 1.000 Ac 39,777.000
A AA OS
doLondon,
Manila
Sou Lines
g IntSou)$7,500,000
gu sf red llOFc*
Ar*
1909
1000,
Ac
2 ,0 0 0 ,0 0 0
M
A
N
N
Y,
Ao
1st MRR—1st
on “NorMLines”
(2d on
au.Ce
1907
6
1 1956
2d M on "Nor
Lines"
(3 d onMSou)
$12,500,000
au _auN
1907
7
Manistique
&E—1st
Lake
Sup—Inc
4%
n-c
$1,300,000
68
1909
1 ,0 0 0
1 , 1 0 0 ,0 0 0 Up to 4
T
A
J
1 1934 Detroit
Manist
&
N
M
g
due
part
y*ly
red
text.
_CC.c*
1909
1 ,0 0 0
1,500,000 5 g J A J ,
N Y & Grand Rapids
Manitou
Peak Ry—1st M $500,000 g__„ Fc* 165 1908
1 ,0 0 0
500,000 5 g A A O
New York and Chicago
Manitoulin& Pike’s
& North Shore—See Algoma Eastern Ry
Marietta
Columbus
&
Cleve—First
M
$250,000
g__K
1890
1 ,0 0 0
250,0001
A N
Mdc Also
Del & Va—1st0 0M In$2,000,000
guarfunds,
p & 1 44
71 1005
00
2 .0 0 0 ,0 0 0
5gDM
F A A
Office,
Phi la
treas.I $671.000.
orauth
In gold
sinking
See text.
Add’l1,0am
:s.
owned
b
y
Co.
b $6 ,0 0 0 . Treasurer’s
d $24,000.
c$7,000.
f $15,000.$4 ,9 7g5 ,0$424.000
j $37,000.
1 n$31.
000. ' r$217,00 0 s $2 ,0 0 0 Z$13.582, 0 0 0 . PCc
Q J.
EARNINGS
.— 8 mos /JXJO'U...........Gross. *6,032,204; net. 51,588,872
MARSHALL & EAST TEXAS RY.—See page 169.
July 1 to Feb.
28. 1 1 0 0 9 - 1 0 ...........Gross. 5,928,709; net, 2,002,050
MARYLAND DELAWARE & VIRGINIA RY.—See page 169.
ANNUAL
REPORT.—Report
lor
1909-10
was
In
V
91
n
788
on
r
pn/Htm
Y e a r e n d in g
1910.
*1909
Y e a r e n d in g
MARYLAND
& PENNSYLVANIA
1910.
1909.
J u n e 30—
$
$
78.9
miles. V.V.90,72,
p.1171
,139. In April RR.—Baltimore,
1910 obtained theMd.,
rightto toYork,
buildPat
J u n e 30—
$
$
tidewater.
p.
Gross
earnings-.8,922,312
8,337,724
Dividends
(
8 %). 398,152
398,152
Netterest______
Income.........2,544,783
of equlp’t.
^2 S S + N.D
authorised.
of which
754,210 2,269,437
665,106 Hire
In
Sinking
fund___ 76,024
13,440 76,423
13,440 an
600n reserved
for BONDS.—Stock
future requirements.
In 190223.600,000,
the authorized
Issue*1.007,of the
RLeased
ents..............
902,153
900,619
Additions,
Ac__
217,488
113.733
“if*
4|8 ,w as reduced from *2,700.000 to *1,200,000, of which *203,000 are
llnelmp’ts
Ff““rvcd
to
retire
the
York
and
Peach
Bottom
5a
and
*100.000
addl(rentals)
___
136,468
nu r - oS.- wMellen.—
T - (V. 91,. p. 1096;
Balance,
sur..p. 725.
46,847
purposes. &o. V. 74. p. 04, 427; V. 79, p*2206 MaryPres , Charles
V. 92.
882.) 101,964 f!°“al.r°r future
S*
y
v™
n
a
Term,nal
Guaranteed
bonds,
V.
82,
p.
1041,
1102.
M A N CH ESTER & L A W R E N C E R R .— Owns from Manchester N. H.. to
Methuen
22 M paying
miles. 10%
Leased
r 50 years from Sept. 1 188 7 to t o ^ ! r ,e,?NaO,trc,!?8T ve3^ 0 V0e a ^ : 500- Pa,d ° n 'aCOmei &»>■ » < ; « « !
Boston
A(State
MaineLine).
at rental
dlv.to In
Apr. 1911 B. <fc M. received EJuhMIrto FcbVa103" lie n S 'ln --'........ gross, *289-789: net, *103,211
authority
to
purchase
stock.
V.
92,
p.
1108.
In 1895 a dlv. of 50% paid
from proceeds of C. & M. suit.—(V. 73, p. 1264.)
S1 L8 4 7 vil 6' •,.t 1.3 4 •1 ?.°• mt.
» on Deo.
31 i9io,
gross,
*«^827;
Sther Inco'me.
M AN HA TTAN R Y . (E L E V A T E D ). (S e e M a p in te rb o ro u g h R a p id T r a n ­
bonds.
*o., V.
*94,374;
baL.SUr..
Drown.—(V.
86, p. 421;
88, p. 506,
1171.) *39,737!
s it Co.)—Owns all the elevated railroads In boroughs of Manhattan and the Vies., uuuii
Bronx.
N.Y.additional
City, mainthird
line and
branches.
3714 miles,
double-tracked, with
4214electrto.
miles
track,
road fr o n t" O c l^ U ^ to SJ umiPBluffs0 2?9Sles^aiflTld'M innrail
V. 70. p. 176. 633;
V.sidings,
75. p. Ac.;
733. total track. 118 miles: 3 d Owns
ro iS K 0,"1 l°wa’ <??rUn»C
branch's
toOmaha,
Lchlgl^and'
CoYlvlie.
IowV
LEASE.—The
Interborough
Rapid
Transit
Co.
leases
the
road
for
999
Southoutstanding
8 miles;
total, 386 miles!
from Nov. 1 1875, guaranteeing 7% per annum on the stock. V.7 5 ,p. The Chicago Great Western ownstoentire
com
stork
?o^
ruo..ears
202,V.1302;
V. 79, p.
th
i
S
4 ^nto1nnn°n?i?h,?00) nnd the non-cum- 4% Pref. stock ($13,635,752
76. V,p. 76,
101.p. 212;
Guaranty.
V. 2456;
76. p.also
480.Interborough Rapid Transit of
°Perates the road as part of its main line to
beyond $40,000,000 may be Issued for extensions at n m ?h /1.fn2?2,P % oUth,),^and
o 6^•1 e f 1 nated
Aprl‘from
3 0 1 9 0 1 •and ,atcr modlQed.
$300,000 per mile of single and $600,000 per mile of double track. Of the th?a C Ft D1 ° r r " rni*
60^
earnings
business
Interchanged.
•*mds.
311.712,000 are tax-exempt (See abstract of mtge. In V. 51.
payment
of Interest
on bonds
and pref.
P.J248, and compare V. 87, p. 285.)
To Mayproperty.
1898 claimsInaggregating
$8,847,854
hadforbeen
paid
as damages
to
®
to'*(<?069??14?,1*In,190t8I*l2<!ooS^wi
abutting
Jan.
1907
franchise
taxes
1900
to
1905
($3,170,­
142) were paid and In 1909 those for ’06 to '08 ($1,706,403). V. 89. p. 42 616.^722; vTC77,Sp
. 7 8 ^ ^ 7 8 3 ^ * 8 0 ^ m^2^21^^' aDd Y ^ s i ^ p . 566^
DIVIDENDS. 1*89. *90-’96. ' 9 7 . '98. ’9 9 . *0 0 . ’0 1 '02 '03. S i n c e .
1908-09, gross, $1,919,966; net, $571 472* other Ineottie x?o ios*
Since 1888--------- %J5>4 6 yearly 4 H 4 4 4 4 4 7 \ i 7 yearly C InGgftw.”
y
lte
m
.-Iv
:
M .'p.* 1 4 3 7 )7' LatCr e" nln*8 lnolu<1^ ‘n those o i
REPORT.—For
year ending June 301909-10.
1910 (V. 91, 1908-09.
p. 714): I n c . o r D e c.
Y e a r e n d in g J u n e 30—
Grossafter
operating
revenue_____ ______$15,055,142
$14,333,393
Net,
taxes___________
7,273,307
6,400,359 +$721,749
+872
948 mUeA^th ^ro n ch y 3 ^ P tr a Rkage"to<^!erbrooke, (3 u ^I3)mr*RtotaiU4'()
Gross
Income--.......................................
7,298,942
6,424,888
+874^054
Interest
and7%.................................
rental received_________ 4,200,000
1,657,754 4,200,000
1,645,350 +12 404 aRnTrugR^ ! 0US r S £ y
Dividends,
Balance,
Fe>>- to' purch.
1»10 under
par.
—(V.
87, p.surplus.................................$1,441,188
37. 285, 1301; V 89, p. 42. 1280; V. 91, $579,538
p. 94.) +$861,650 In
ln „Andl
PI , loTi n o ?' ** Maine pur<ihascl.
reed, authority
stock.Its option
V. 92, p.at 1108.
MANILA
RR.—
(G a ug e, 3 f t . 6 in .) —Th s co., organized In New Jersey
Stock0 S? 2 0 0 MO ERr o , n n' O*1- t° MoOavlo. 60.6 miles
nof Luzon,
1906, hasPhilippine
taken over
and
Is
operating
the
only
steam
road
on
the
Island
Islands, being the 208 miles of road previously owned Francisco,'2mortgage ^rMlce.’ 1 8’5,0p.a,l1005." ^n ’ oTl?ycarToio0 erm ,1
by the formerIs largely
(English)extending
Manila the
Ry. system
Co., and,
obtained additional $511,250: net, $186,935. In 1909, gross, $424,155; net, $202 849 ^ F o r
concessions.
(V. having
8 8 , p. 1313; V 91 p 215*
S T ?une 30.100°. gross, *427,089; net, *160,9.13; hit . taxes Ac
V.
83,
p.
1348).
The
Island
named
has
an
area
of
40,969
sq. miles and a
population, last census, of 3,798,000.
!is“
:°cii.-(v.T
5V p * l o w . , Prcs- and Gcn- MKr- JTotal350lines
authorized,
820
miles,(2)viz.:
(1"Southern
) "NorthernLines,"
Lines,”470to miles
comprise
about
miles
north
of
Manila;
the
all
r
i
^
i
n
.
Vi
LL?
0 ri,NEAlJJ u LAKE & LINESVILLE.-Meadvllle to
Llncsvllle,
Pa.,
20.5
miles,and Bessemer
branches, 1.2
miles;Erie
total.21.7miles.
Leased
but
about
20the
miles
to the south
of Manila,
and a Port Line
In Manila Autr
con­ to June 8 1990 ton 5Pittsburgh
Lake
RR.; rental, 25%
of
necting
with
Government
wharves
and
warehouses.
In
operation
gross earnings. Stock, $200,000;
par,& $50.
' °l
1910,
286
miles
of
Northern
Lines
and
70
miles
of
Southern
Lines
The
two’
systems
(and their accounts)
are the
required
be kept distinct,
If owned are
by
& miles;
QULF extensions
RR.—Ownsproposed
from Murfreesboro.
Ark
separate
but under
sametomanagement.
Thoas Soevers
Klenn.,
i?£weo2o5
Sr«tomiles,
lfAD6i"EAS
8hdow,n41
north
to Memphis,
financing companies,
the enterprise.
v *
and
south
to
Dallas,
Tex.,
186
miles.
In
June
1910
acOf the stock, $3,652,800 7% cum. pref. and $2,130,700 common, all but 82SS?«Jhe
TjbuIe
Arkadelphla
A Mississippi
RR., Dalevllle
Ark28*nito
dIr^ ^ r8 8hares are hel(i by the Manila Ry. (1906), Ltd. (see below).
SpS
^
’AndthS
Antolne
Valley,
Graysonla
to
McLeod,
Ark.,
total
BONDS.—The
Manila
(Southern
Lines) 1stunder
gold 4s
ofof1909,
guar­
$7*875,000, as increased July 1910; par $100- outstandanteed
as limited
to Interest
by theRR.
Philippine
Government
Act
U Soffered
Con­ ,
«a8 9 aa
Stockholders In May 1910 authorized a mtge
gress.
are
to
$30,000,000.
of
which
$2,000,000
were
sold
and
S640
00°o'fi^0V
°h0r?*A09n
nnn5??
,bon,IS
tf> eXtend
90, p. 1239.
by Speyer & Co. In Julv 1910. They are Issuable up to the cost of road and the
t
6?’
the
342?*900
are guar.,
p. A i„roadby theV.Nashville
(ArkOf)
equipment constructed or acquired prior to the supplementary grant of n o tes^iC8 6 .84^0anS and b,IIssold
payabIe Jupc 30 1910, $35.055?^Vn stru X n
1909
and
to
95%
of
cost
subsequent
thereto.
The
bonds
are
redeemable
as a whole at any time at 1 1 0 or by lot for a sinking fund of U of 1 % yearly • . o« ^*11 ng June 30 1910 (average 44 miles) grnsM tu n a469; net,
rom May 1V .1919
to Apr. 30 1928 and 1% yearly thereafter. V. 91, p. 215, Hp'res2; T V ' u Z v n
.
------—i—
i * -—Blshnn.
, wui.,oui„
U l, p . 1 7 1 1 .
NNnslivlllc,
m Hv i$17,190.
l'i,. n«*mVn—
a'-T.Y'i' Ark.;
, v. ' Sec..
sArk.—(V
?0p J.J ' W.
W- Bishop,
Ark.;
. wvv. •^V-J,r9wn»
uarkman,Camden,
Arkadclphla,
91 n 15 4 >
• . ^Vi«^e„9u('3(and(n^
bonds
on
tho
N o rth e rn L in e s (see table above). namely
6%,bonds
and
$7,716,000
2d
M.
7%
bonds,
as
well
as
ail
MEMPHIS
UNION
STATION
CO.—T
o
own
union
1 '
'
M
m
n
l
lV
T
i.
n
„
r
,
c
u
.
—
To
ow
n
union
passenger
sta
tio
n at
5.,,e«mtocK
heretofore
Issued
the
RR. Co.
Co. (1906),
(excepting
to S outhern
irnnhii RTv.„ ^ . to? bejjsed
by Loulsv.
T r ^ w,hyJ
'2 UlsV' *A^Nashv!,
N ash v ., Naahv.
N asliv. C h a tt. & S t. L .,
qualify
directors),
ownedIsbyby
the Manila
Manila
Ry.
Ltd. shares
(anshares,
Eng­
bharees
a
n
/e
x
n
e
n
s
M
M
e
V
n
h
t
s<>'
<ln.
1
S
t,
L
ou,s
S
ou
th
w
estern
.
In
te
re st
lish co whose
auth.arecapital
£2,000,000
In 5%
non-cum.
preference
basis C stock 61*! no nnnCe 'r°„ a p p ortlonc<l am o n g tho lines on tho user
,dep?sited
*and £2,000,000
InMerchants’
ordinary shares,
of which
£399,270
Isforout),
T ru st Oo nf N *v00,r ? J ,, N.o v - 1009 ma<1« a m t*e - to th e B an k ers’
apd
ar?
with
the
Trust
Co.,
Ltd.,
as
collateral
the
b00onnclS
d s’ll no NNoov,
' i “f iosote
’ t0 3ecuro
|S3U°
of *3.000,000
60-yr. 14%
bOPf» Jssued by the Manila Ry. Co. (1906), Ltd.: (a) £2,000,000 4% "A" 0eokl
1939,■ eguar,
lolntlvyanliv
5 m ails
nam ed, of whleli
Is D(lue
e^eilVoto 1secure
sccnr
gUa,Issue
r - Joln“
l>7 5 roa<ls name<L of which *2 .
’ dli° J£ n* 1 5 1 9 5 6 (may be increased by £250,000); and c 090LO„000
L“r
an
of *1,500,000
guar. 2-yr. 5% notes
tihe p,rIor !Ien. of saId *‘A” debentures for £1,880,000 4% "B" KVh 9? h.,,,p
n 04.
94 bvV. al°
s aatah!o above).
V. V.89,01,p. p.1411;
h» i n ’KdUc
1 5 1956’ total auth- issue £2 ,0 0 0 ,0 0 0 (which
V. Ul, p.
89, np. <,1542.—(V
90, p. 236;
94.) V. 90. p. 230;
m n i J S S A^ D. OFFICERS.—Horace
87’ p- 166: VP- 1 1 9(Pres,
7 • V- "and
, p. Gen.
303. opened Sept l i o n s ' 'and V ,£ 9T 0 .Ya 3oP*33vCngcr8tatlonatM er'dlan. Miss.
L. 88Higgins
APw erth»;.;„+dr,u4cd ‘Y the Southern Ry., Mobile & Ohio, New
p Bennett,
nin^rVfM^lcalfeA(V,'
P )’ Dav,d
Davls (2dWade
V.-P.).
Alex. nWcaria
Anmnd, D. P.
Chas. A. Conant,
RichardD-Schuster,
Gard'ner,
Southern*
KM?hh
Alabama
&0 Vicksburg
and(JAlabama
Great
of
whfc’h
n n nwn®!?n.>RiR;L
V i S ^JldY
i i th,1910),
ea°b of
capital stook
1 0 0 .0 0 0 auth.,
McIntyre
and
Paul
Charlton,
Bureau
of
” ‘,1 ' rSM9 ’2°,°'ssucd
andthguarantee
tho bonds
Jointly and
Insular Affairs, Washington, D. C.; E. M. Heberd, New York. Is Sec. and
^ CSan&eb,[eehne ^ r n8l f°prraioY. W
01'’ PrM- D’ D’
Nassau s " - ( V O°%Wio25U.n1% t:)Manlla' Asst’ Scc’ N’ Y’
45
' NTERNAT. RR.—:Merged July 1 1910 Into Nat. Rys. of Mcx.
§ u '^ ! o RR ^ S2’ApNa^ T^ „ & N- E- RR‘ ai’d
MANISTIQUE RY.—V. 0 1 , p. 519. 940.
» T s E« T r e . MeilCO- 0D the
■
MANITOU & PIKE S PEAK RY.—See page 169
'
»
Y M o » c 0h0a°dgPeari),(
866 apPllCatl0Q
MANITOULIN & NORTH SHORE RY.—See Algoma Eastern Ry.
bondsto D e a 1
^ extend tho $708,000 outstanding 6 %
000 hon’dYh k ®??nSatI^n*to pay t0 tho slriklng fund Interest on tho
MARIETTA
COLUMBUS
CLEVELAND
discharged S$052
Sept.
1909, company
resuming& possession.
V. 8RR.—Receiver
9 , p. 5 9 3 1642.
S
H
®
°
S
S
tn
&
2
£
tb
Z
J
h9 *Hnd t0 cease-* but s>nk. fund of 5% of grossearnings and Interest to continue on bonds acquired by the fund after
<E , e v a t e d )

lo in

i nnn

■* * * 0 0

W ilso n

cio,

ill,




A p h .. 1911 ]

RAILW AY STO CKS A N D BONDS.
Par

Am ount

R a te

W hen

83

n d P la c e s W h ere In te re st a n d
(For a b b reR vAiaI LtioR nOs ,AADc .,C OseeM nPo Ate Ns oI En Sfir s t pa g e ] MR oilea ds BDo an ted s V a lu e O u tsta n d in g % P a y a b le La an sdt MD aivtuidreity
D iv id e n d s a re P a y a b le
$202,450 5
Apr 1 1932
Maryland
&
Pennsylvania—York
A Peach Bottom M
$50
&c
1882
First
York.
Pa
40
First
mortgage
$1,200,000
gold
call atcall105_MeBa.c*
1,000
897.000
41910
g
Mch 11 1951
1951
80 1901
BrownNat
Bros,Bk,N Y;
A Balt
900.000
4
In
Apr
Income
mortgage
$900,000
4%
cum
at
par.AlBa
1,000
1901
80
do
do
200 .000
May 1 1936
Maryland A Pa Ter 1st M $200,000 ggu p A 1red 110
1,000
1906
Alex Brown A Sons. Balt
5g
1,000 12, 000,000
Junel 1955
Mason
City & Ft Dodge—1st
$12,000,000
1905
J P Morgan A Co, N Y
Massawippi—Stock
guar sameMdlv
as Conn Ag-Cc.c&r
P ass... 378
800,000
Feb
1
1911
3%
100
i
■
37
Safe
Dep A Tr Co, Bo«t
April 111921
1937
1,000 1,200,000 6
McCloud River—First mortgage $1,200,000.................
1557
July
200 .000
5
1,000
Meadville
Conncaut
Lake
&
Linesville—First
mtge__
1801
Merch
Nat Bk, Meadv.P*
NoneSep’10
1940 1 1928-29
Memphis
Dallas
& Gulf—First mtge $0,260,000 gold.
5 g J A Jan
1910
Mem Paris
A Gulf—1st M gold red 103 begin 1919._
640.000
1,000
08-’09
0
g
Merc'
Tr
"Co,"Little Rk*Ar
1,500,000 5 M
Nov 1 1911
1,000
A
Memphis Terminal—First
Un Sta—Coll notes
red$250,000
beg Mayg1910
.Line*
1909
Meridian
mtge
gu.S
c*&r
250.000
4 g M A May 1 1955
1,000
Ac
1905
Standard
Tnist Co.’ N Y
Mexican Central—See National Railways of Mexico
Mexican
International—See
National
Railways
of
Mex
lco
Mexican Mineral—1st
M $500,000 g red H O sf____ G
b340,000 0 g F A A Aug 1 1919
1899
Mexican
3,000,000
4 In 1910 M A N May 1 1911 2% Guaranty Trust Co. N Y
100
First MNorthern—Stock,
U S gold, red 105,$3,000,000...........................
s f ___ __________Q c*&r
1,000 a708,000 0 g J A D See text
Office, 82 Beaver St, N Y
1890
Apr 1911
Mexican
Railway Limited—Ordinary
shares.............
£10 £2,254,720 8 In 1910
First preference
stock 8%.........................................
A O Apr 1911, 4% Glyn,MIlls,Currle&Co,Lon
£10 £2,554.100
Second preference stock 6%....................................
£10 £1,011,960 4 7-16’10 & O Apr 1911,3%
do
do
Perpetual
debenture
A J Perpetual.
6
£10 £ 2 , 000 ,000
361 1909
do
do
2d
debens 6%
£1,000,000
authstock............
red par beg..................
1912 s f__
A O Dec 1960
£500.000
4H
£10 0
do
do
£ 1,000,000 See text
A A Feb 1 1911 1 H
Mexican
Southern
Ry—Ordinary
stock,
£1.000,000.
_
1st
M
4%
deb
stock
£1,000,000
red
at
par
90
yrs
746,720
4
A Feb 1 1911 2%
1896
Mexico North Western— 1 st M gold red text_____
6g
£100 £3,632.600
8 Mch 1 1959 Gu Tr Co, NY Tor A Lon
1909
Michigan
Central—Stock........
19ll|3%
$100 C$18738.000 6 In 1910
J Jan
Grandat Cent
Y
First mortgage
$18,000,000 .......................................
gold...................G.c*&r 270 1002 S1.000&C
$14,000,000
N
May2811 1940
1052 .Reg
3H
g
G OC S;S;Station,
cp at
at UGNTr
M C Michigan Air Line first mortgage_____ Un.c&r 115 1890 1.000 A c 2,600,000
Jan
J
Reg
at
G
cp
Tr
M C 1st M on Detroit A Bay City ($4,000,000). Un.c 171 1881
1,000 1 4,000,000
M A S Mch 1 1931
Union Cent
TrustStation,
Co. NN YY
Mch 1 1931
do M ondoGr Rlvbonds
without coupons..........r
1.000 &C 1.500.000 { 4I g MQ—M
Grand
1881
M C new
Val $4,500,000,
g text.Gc&r 171
& S Sept 1 1959
1909
84
M
C first
A S Haven. Un r
700.000 5 M A N Sept
Nov 11 1939
Grand
Ac
39 1889 1,0001,000
Mich
Centmortgage
1st M on on
JackKalamazoo
Lans <fc Saginaw
gold_c*&r 350
1951
1.725.000
AS
3H g M
Reg
at Cent
G CTrusV
S;Station.
cpCo.
at GNNTrYY
1901
J
&
J
10
July
10
1957
M
C
1st
M
on
Joliet
A Nor Indiana $3,000,000 gold
1.500.000
4
g
Guaranty
1007
45
U.xc*&r*
Debentures
gold_______ ____ ________.................
Apr 1311911
1929
25.000,000 r. None
4 g A A O Oct
New York
1909 1,000 die 50,000,000f
One
year notes..........................................
1910
Jack
Lans
A Sag stock 3 H % yearly guar by end.
3K M A S Mch 1 1911 1 H
do Mich do
100 1.725.000
491.200 5 J A J Jan 'l l , 2 H % Jackson,
Grand River Valley stock rental in perpetuity.. .
100
84
250.000 3 g J A D Deo 1 1989
Union
Trust Co. N Y
Bay
City
A Battle Cr 1st M g guar p A I end.. M p.e*
1,000
1889
18
500.000 3 g J A D Dec 1 1989
Cr A ofSturgis
1st M
p <5; 1 end.-Mp.c*
do
do
1889 nal In1,000
aBattle
Exclusive
$952,000
heldg guar
by sinking
fund, b $1 0.00041 addltlo
sin king fund
LE TO W N U N IO N V IL L E & W A TE R GAP R R .— (fire M a p E r U
Dec. 1 1910. V. 88, p. 1437, 1500. In Deo. 1910 over three-quarters of the R RM.CIDo D.) —Owns
Middletown, N. Y., to Unlonvllle, N. Y., 13.65 mllea.
bonds had consented to the extension. V. 89, p. 104; V. 91, p. 1026. Stock, $149,850; from
Controlled,
stock,
by N. the
Y. $250,000
Susq. *
DIVS.— J ’93. ’94. ’95-’99. ’00. '01. *02. ’03. ’04-’08. '09. ’10. 1011. West., which payspar.lnt.$50.
on bonds.
Offerthrough
was made
to extend
5 4Hending
2H 1June
Yi None. 13 4 May, 2 2d 5s to Nov. 1 1911 with
PerOncent__
Interest guaranteed by N. Y. Susq. A West.; all
Nov. \ 306>419096 2%4 y’ly.
for half-year
30 1909; Dec. 22 1909, the bonds not consenting, principal
andV.In92,
Mch.
11%, being 2% for period from Jan. 1 1903 to Jan. 1 1909. V. 89, p. 1280. 1911 foreclosure suit was begun. V.was91,defaulted
p. 154; V.June
90,1p.1910
1363;
p.
REPORT.—For
year
ending
Dec.
31,
U.
S.
currency.
725.
In
Dec.
1910
a
committee
(Charles
I.
Henry,
Chairman;
Robert
G.
Y ear—
O ro ss.
N et.
Oth. In c o m e . C h a rg es.
S u r p lu s . Starr, 20 Broad St., Sec.; Empire Tr. Co., N. Y., depositary) requested
1909
$311,686
$56,894
$115,184
2d M. bonds.
V. 91,
p. 1512. In year 1909-10, gross, $71.046;
1908
397,176 $190,047
256,217
51,617
123,705 $130,024
184,128 deposits
net Inc., of$26,016:
Int., taxes,
A c ., $31,911; bal., def., $5,895.—(V. 91. p.
—(V 88, p. 1313, 1437, 1500; V. 89, p. 104, 1280; V. 91, p. 1026.)
154, 1447, 1512; V. 92, p. 725.)
MEX. UNION.—V. 91, p .39. 215. MEX. DOL.CEN.—V. 91, p. 215,1G30. M ID L A N D PENN SY L V A N IA R R .— Under construction from MlllersMEXICAN SOUTHERN RY.—Sec page 169.
burg,double
Pa., totrack
Ashlahd,
miles, single
track, private
right of way sufficient
when44required.
Incorporated
In Pennsylvania
Feb. the
17
MEXICO
NORTH
WESTERN
RY.—Owns
Chihuahua
to Mlnaca,
122 for
1910.
Stock
authorized,
$2,000,000.
Bonds
authorized,
$2,000,000,
miles:
and
La
Junta
to
Temosachlc,
55
miles;
El
Paso
to
Terrazas,
160
miles;
Lykcns
Valley
Construction
Co.
to
deposit
$1,000,000
of
the
railroad
stock
El
Paso
Southern
Ry.
(terminals
In
El
Paso),
and
Temosachlc
to
Madera.
trust with the Commonwealth Title Isur. A Tr. Co. of Philadelphia,
32 miles; total, 370 miles; extensions from Terrazas to Madera amounting In
trustee, until the net earnings (after payment of the bond Interest) are
to
(for which
been granted)
are under
the amount
of thepayable
bond Interest
and
to 1913
guarantee
the Interest
tion105andmiles
expected
to beconcessions
In operationhave
In earlier
part of 1911.
Oneconstruc­
terminal twice
time.
Sink,
fund
annually
after
to purchase
bonds atuntl
or
Is at El Paso, Tex., and another at Chihuahua, at both of which large that
115.
V.
92,
p.
527.
Pres.,
Walter
E.
Harrington,
Pottsvlllc.
Pa.;
smelting works exist. Owns over 3,000,000 acres of timber lands with two below
1st
V.-P.,
Dimner
Bccbce,
Phlla.;
2dV.-P.,
Joseph
F.
Rombcrger.
Ellzabetbmills
at
Madera
with
a
capacity
of
125,000,000
ft.
per
year,
and
two
In
vlllc. Pa.;
Pa.; Trcas.,
3d V.-P.,
Acker,Phlla.—(V.
Phlla.; Sec.,
John
Potts­
process of erection at Pearson, capacity 125,000,000 ft. yearly. Sec V. 88, vlllc,
S. F.Finley
Houston,
91, p.
463;II.V.Williams.
92, p. 1032.)
p. Stock,
749; V.$40,000,000
89, p. 348,(par,
470. $100), of which $25,000,000 Issued Jan. 1911.
M ID L A N D V A LLEY R R . —Owns and operates from Excelsior, A rk .,
BONDS.—Present
£5,000,000,terminals,
of whichdoublo-tracklng
£4,121,200, Issued
June south
to Hoye,Kan.,
Ark.,and
andfrom
northJenks,
to Fidelity,
alsoPool.
fromO.Excelsior
1910,
may be Increasedlimit
for extensions,
and other
to
Sllverdale,
O. T., toArk.;
Glenn
T., a totalwest
of
special
purposes:
National
Trust
Co. paym’ts,
of Toronto,
trustee. Bonds
are redeem­
299
miles;
also
operates
under
trackage
from
Maney
Jet.,
Ark.,
tooper­
Ft.
able
at
par
March
1
1959
by
annual
commencing
In
10
years,
to
be
Smith,
16
m.,
and
Sllverdale
to
Arkansas
City,
Kan..
9
miles;
total
applied
In
annual
drawings
at
par
or
by
purchase
at
or
below
par,
or
as
a
324 miles. See V. 78, p. 702, 1109; V. 80, p. 2345. The Wichita A
w holeatl05. V. 88, p.749. Coupons payable at Bank of Scotland, London, ated,
Midland Valley
RR., towhich
is leased
for 25%
of the
earnings
(and any
Guaranty Trust Co., New York, and Bank of Commerce, Toronto.
deficiency
necessary
meet
the
bond
Interest
andgross
taxes)
Is p.building
an
EARNINGS.—(Mex. cur.)/1910 ...Gross, $2,182,166; net, $1,194,478 extension from
Arkansas
City
to
Wichita,
55
miles.
V.
92,
462,
796.
Jan. 1 to Dec. 31. 11909___ Gross. 1,293,439; net, 481,507 Stock authorized, $9,000,000; outstanding June 30 1910, $8,013,609;
shares, $50.
OFFICERS.—Pres.,
F.N.S.Y.;Pearson,
25 Broad
St., N.Canada;
Y.; V.-Ps.,
E.
D. parTheof Wichita
Valley 1st
(limited
$20,000
per mile,
present
Kcnna
and
Walter
Gow,
Miller
Lash,
Toronto,
E. C.
Creel,
Issue $1,100,000)A Midland
are guaranteed
prin.5s and
lnt.;toPhlla.
Trust,
Safe Deposit
Mexico
City,
Mex.;
Trcas.,
G.
G.
Bell
field,
New
York;
Sec.,
Clarence
A Insurance Co., trustee. Further bonds may be Issued for extensions In
Wells. Office, 20 Exchange Place, New York.—(V. 91, p. 790.)
The entire
or any
(when
MICHIGAN CENTRAL RR.— (See M aps New York Central A Hudson 5-mIIc sections.
may be called
at parIssue
and lnt.
on part
any not
lnt. less
day.thanV.$100,000
92, p. 796.
R iver.) —LINE OF ROAD.—Main line—Kensington to Detroit, 270 rn. drawn)
ANDcarNOTES.—On
1 1910 the
$5,980,000
RR. 5%Co.
bonds
and 496
Windsor
Suspension
Bridgeand(Canada
Southern),
226 m.; (III.
totalCent.)
main andBONDS
$1,250,000
trusts and theDec.
$1,650,000
Cherokee
Construction
6%
line
miles.tounder
Branches
owned
leased.
1,215
m.;
trackage
notes
were
retired
and
the
railroad
Issued,
per
plan
V.
90,
p.
1676,
(1 )
into
Chicago
perpetual
lease,
14
m.;
other
trackage,
78
m.;
total
closed mtge. prior lien 5s (secured on the property of the Mid­
Jan. 1 1911, 1,803 miles, with 599 m. of 2d track and 1,356 m. of side tracks. $6,000,000
Chicago
Kalamazoo
A Saginaw Ry., Pavilion to Woodbury, Mich., 55 m.. land Valley RR. and also on the rolling stock and by pledge of all the bonds
and
and $250,000, respectively—of the Sebastian County
Is controlled but operated Independently. V. 84, p. 50.
Coalstock—$1,250,000
A Mining Co., on the coal estate of the construction company; and (2)
Thetothird-rail
electric
tunnelm.road
under
the
Detroit
River
from
Windsor,
$1,800,000 6% 2H-ycar RR. notes, due Dec. 1 1912, secured by pledge of
Ont.,
Dotrolt,
Mich.,
2.42
long,
under
the
charter
of
the
Detroit
River
new gen. consol. 6s, the Issue of these bonds to be limited to
Tunnel Co., opened for traffic October 1910, Is leased for 999 years from $2,500,000
during the life of the notes. The Coal Co. bonds and stock may
Jan. 1 1907. See BONDS below. V. 80, p. 2343; V. 82, p. 1156; V. $2,500,000
be
withdrawn
from prior lien mtge. whenever $1,500,000 prior Hen bonds
84, p. 339, 1052; V. 90. p. 710; V 01, p. 276.
CONTROL.—The
N.
Y.
Cent.
A Hud. River RR. Co. In April 1898 shall have been canceled.
1910-11.............Gross,
$884,103;
net,
$253,547
$115 In Its 3H% 100-year gold bonds for $100 stock, and so holds EARNINGS.—8
favo
July 1 to Feb. mos.J
28. ]1909-10______
Gross.
913,871;
net,
283,754
16.814,300 of the $18,738,000 stock Issued.
For
calendar
year
1910,
gross,
$1,338,880,
agst.
$1,172,528
In
1909;
net,
DIVS.—
/
’87-’89.
’90.
’91.
’92-’94.
’86-’06.
*07.
*08.
’09.
’10.
1911.
agst.
$409,067;
Interest
charges
are
$408,000;
taxes,
$65,000:
Since 1886-.% i 4 y’ly. 5 5 5>4 y’ly 4 y’ly 6 8 6 6 Jan, 3 $508,164,
total
fixed
charges,
$473,000,
which
would
leave
a
balance,
surplus,
of
BONDS.—Battle Creek A Sturgis bonds for $500,000, but of this $79,000 $35,164. V. 92, p. 322.
was
sub-guaranteed
by
the
Lake
Shore
A Mich. So.. 7 miles of the B. C. A S.
Report
for
year
ending
June
30
1910
In
V.
92,
p.
114,
showed:
Gross,
being
by thatLansing
company.
The $1,725,000
of 1901 are a 1st $1,348,080; net, after taxes, $351,851; other Income, $6,340; lnt., hire of
mtge. operated
on the Jackson
A Saginaw RR., 350 miles (V. 73, p. 1061; equip.,
$349,208; balance, surplus, $8,982. Pres., Charles E. IngerV. 76, p. 1027.) Of the $18,000,000
3 ^ s of 1902, $4,000,000 are re­ soll; Sec.&c.,
Trcas.,V. H.
Franklin Bank Bldg., Phlla.
served
for
additions,
A c . V. 74, p. 728; V. 76, p. 102; V. 83, p. 1229. —(V. 90, and
p.
1676;
92.E.p. Yarnall.
114. 322, Office,
462, 795.)
First
4s on Joliet A Northern Indiana, see V, 84, p. 1367, 1428.
T o led o C a n a d a S o . A Det. guar. 4s of 1906, see V. 82, p. 930; V. 85, p. 400.
M IL L C R E E K & M IN E H IL L NAVIGATION & R R .— Mill Creek Jet. to
The Detroit
Tunnel bonds,
authorized
Issue $15,000,000
(see above),
Broad
Mountain,
m.; years
secondto track,
m.; total track, 34.7
bearing
lnt. at River
not exceeding
5%, will
be guaranteed.
V. 82, p. 868,
1156. miles.
Leased In Pa.,
18613.81
for 999
Phlla. 3.81
A Reading RR.; lease as­
In April 1009 an Issue of $25,000,000 4% 20-year debentures was author­ sumed
in
1896
by
Phlla.
A Reading R a ilw a y , rental, $33,000 and taxes.
ized,
of Co.,
whichand$7,634,000
sold $17,366,000.
to provide forofadvances
to Detroit
M IN E M IL L & S C H U Y L K IL L HA VEN R R .— From Schuylkill Haven to
Tunnel
In Juno
which
part
to retireRiver
the4s Ashland
track, new
17.05lease
m.; tot.track,
136.86
m.
$10,000,000
5% notes
due 1910
Feb. 1 1910. Of the
$4,500,000
authorized
In 1897 and
rentalEnterprise
reduced Jet..
to 6%39.15
on m.;
stock2dunder
for 999 years
from
on
Grand
River
Valley
RR.
$1,500,000
arc
reserved
for
double-tracking,
A c ., and $1,500,000 for future requirements. V. 88, p. 945, 1002, 1061, Jan. 1 1897 to Phlla. A Read. Ry. Co.; 2H% Is paid In Jan. and 3%
in July, K % being deducted for taxes.—(V. 63, p. 1011.)
1254;
V. 90,1910
p. 1554;
V. 89, p. 470;
p. 627.
In Oct.
sold 50,000,000
francsV.490,
t f % one-year notes. V. 91, p.
M IN E R A L RANGE R R . —Houghton, Mich., to Calumet, Mich., 14 m.,
1160.
1328,with1026.
Hancock
to Gratiot
Mine,Mine,
23 m.;39branches,
m.; South
Range
exten.,4 Ke­
Jointly
other
roads,andcovenants
pay New York
Lines weenaw
Bay
to Michigan
m., opened31 Dec.
24 1900;
trackage,
m.;
$30,000,000
carfour
trusts
of 1907
1910, thetocompany’s
share Central
of equipment
Mohawk
RR.
operates
17
m.;
total,
128
miles,
all
standard
gauge.
In
trusts
1910p.being
and $5,086,473.
1895 paid dividends 10 X % : in 1896, 7%; 1897, 7%; 1898,
3*4%;
p. 1402;outstanding
V. 86, p. Dec.
168; 31
V. 88,
761; $3,125,105
V. 90, p. 1677;
V. 92, p. 807.V. 85. year
none
since.
Auth.
stock.
$1,500
000;
outstanding,
$1,500,000;
par.
$100.
EARNINGS.—2 mos.,/1911.............. Gross, $4,550,240; net, $789,233
BONDS.—Consols
for$339,000
$1,000 arc
for
$3,000
old
the
Jan. 1 to Feb. 28. 11910........- .Gross, 4,287,970; net, 1,116.849
outstanding,
arereserved
5s; 4s)
theand
Can.the
Pac.
on bonds.
Junegen.30Of
1910
A N N U A L R E P O R T — R ep o rt for 1910 a t length w as in V . 92, p. 792,805. $593,000
owned
the
remaining
$254,000
(which
are
$1,000,000
mtge.
Year endino Dec, 3i—
1910. $27,415,467
1909. $24,222,139
1908.
4s,
bothp.of785.
whichOfIt tonnage
guar, as Into 1909-10
int. V.89%
75, p.was
554.oresSee
73. p. products.
556. 616;
Railroad
revenues............................... $29,694,815
V. 73,
andV.mining
Oper. Inc., after taxes........................ $6,652,574 $7,743,255 $6,313,644 Equip,
trust notes Oct. 31 1910, $536,484, Incl. $104,361 deferred Interest.
Other Income.......... ............... - ............ 1.093,680
941.481
843,519 EARNINGS.—For
8 months ending Feb. 28:
8 M o s.......................$500,387
.—
G ro ss.
N e t. O ther I n c . C h a rg es.
B a la n c e .
Gross corp. Income-------------------- $7,746,254 $8,684,736 $7,157,163
$510,310 1910-11
$102,170 def.
def.$82,345
Rentals
leased
lines........
....................
$585,310
$510,310
Interest on bonds, & c........
3,281,766 3.198,875 3,110,835 1909-10 ....................... 571,670 $8,621
82,376 $11,204
3,721 108,742
22,645
495,451 REPORT.—For year 1909-10, gross. $826,500; net after taxes, $44,626;
Other rents and miscellaneous_____ 826,340
659,360 1,018,312
894,769
Hire
equipt.,
Incl.
Int........
................
1,335,507
Interest 73,on p.bonds,
395,135 other
Additional
betterments, A c . 1,124,280
250,000 1.124,280
548,925 1,124,280
$40,945;Income,
deficit,$9,917;
$69,764.—(V.
785.) $83,360; other deductions,
Dividends, equipt.,
6%.......................
M IN N E A PO L IS & ST. LOU IS R R .— (See M a p .) —Owns main line Min­
neapolis
to Angus,
miles; 1Western
Balance, surplus ------- ---------— $343,051 $1,748,217 $502,810 S.
1)., 216
miles; la.,
Kalo260
Branch,
m.; LakeDlv.,
ParkHopkins
Branch.to 1Watertown,
H m.; Win
[. Pres., Wm. C. Brown, N. Y.—(V. 91, p. 1328; V. 92. p. 792. 805.)



84

RAILW AY STOCKS A N D RONDS.

R A IL R O A D C O M P A N IE S
[F o r a b b re v ia tio n s, A c ., see n o te s o n fir s t page]
Mich Central (C o n cl) —

D a te
Bonds

Par
V a lu e

Am ount
O u tsta n d in g

R a te

%
4g
s5 e
5g
665 g
5g
10

W hen
P a y a b le

[V O L. LXXXXII.
L a s t D iv id e n d P la c es W h ere In te re st a n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le

TolCanSo ADetlstM$4,500,000 g gu p A|(end) G.c*Ar
1906 51.0004O $3,100,000
J A J Jan 1 1950
Grand Cent Station, N Y
Detroit River Tunnel 1st M $15,000,000 guar___0
1906
Middletown
Union &(see
Water
Gap—1st M ext In '86_c*
1866
100
Ac
150,000
M A N Nov l to il
N
Susq A West, N T
c*
Second
mortgage
text)...................................
1871 500 Ac Sec250,000
J A I) Juno 1 1910
In Ydefault
Midland Pennsylvania—1st
M $2,000,000
gold red sc*f_
1910
text
.1 A .J July t 1900
100 Ac
Ac 6,000,000
Midland
Valley—Prior
lien
$6,000,000
gold.............
1910
A
•J
100
J
July
1 1900
Office. Philadelphia
General consol M see text_____________________
1910
Coupon
notesValgold---------------------------------1910
100 1,100,000
1,800,000
JA AA D Jan
Dec I1 1912
Drcxel A Co, Phlla
Wlcn & Mid
1st M g gu p Al end red par___
1911
1931
1,000 323,375
O Jan 1911,
Mill
Creek
&
Mine
Hill
Navigation
&
RR—Stook----A
J
5%
25
J
Philadelphia
Milwaukee Lake Shore & Western—See Chicago & No
estern
Milwaukee
&Schuylkill
Northern—See
Chicago Milwaukee
& St Paul
Mine
Hill
&
Haven—Stock
(6%
rental).
.
.
J A J Jan 14 'll , 2 y , Office, n o s 4 th S t. Phlla
50 4,210,200
Mineral
Range—Consol
rntge guar
(text)bygold
red at 105-.c
593,000 4 e5>*
1891 100,000
Jan 11 1951
1931
500 Ac 1,000,000
&g3 8 JJ AA J.1 Jan
55 Wall St, New York
General
mortgage
Interest
Canadian
Pao.F
1001
4
All owned by Canadian P
Hancock A Cal cons mtge gold red at 105 assumed
325.000
A
Jan
1
1931
1891
1,000
J
.
1
5
B
Minneapolis
&
St
Louis—Common
stock.............__Ce
100
c6.000,000
See
text
A
J
Jan
15
1904
2H
.
1
Office.
25 Broad St
Preferred
stock (VJunction
70, p 1150)
5% non-cum___
Ce
f 4.000,000
J A .1 Jan 151910 2 h
First
Mextension
Merrlam
to Albert
Lea, gold-F.c*
950,000 See 7 text
1877 500 100
Ac 1,382,000
g .) A 1) June 1 1927
Pacific
first
mortgage
gold________
Ce.c*
92 1894
1881
1,000
1921
First consol M closed M g (V59,p 1145). Cc.c*Ar 354
1,000 5,282.000 56 gg AM AA NO Apr
Nov 11 1934
First
& ref M $25,000,000 gold ($18,000 p ra)___ Cc
1,000
632 1899
12.506,000
A
4
g
M
S
Mch
1
1940
Gold
notes
$4,000,000
sec
by
coll
extended
*10__Cc
1906
1,000 4.000.000 5 g F A A Feb 1 1913
do
do
Collateral notes see text..................
1910
2,100,000
6
Feb 1 1912
Minn
Dak
& P 1st M $50,000,000 g red 105-Ce.o* Ar
1,000
1906
See
text
A
F
4
g
A
Feb
1
1956
Car trtr ser
88,p.l373) Pc
.PeP.c*
1,000
1909
5 g AA A O To Apr 1 1919 Penn Co for Ins, Ac, Phil
1,000 480,000
Car
ser AII gg due
due $60,000
$18,000 y’ly(V
yearly_________
P.c*
1910
180,000
51910
B A AA oO To
1 19203|^
Minn
St
Paul
& S Ste Marie—Com stock $28,000,000__
100
See
text
7
in
AprOct
15
1911
Minn office; checks mail'd
Preferred
stock
7%
non-cum,
$14,000,000_______
__
100
Sec
text
7
In
1910
A
A
Apr
15
1911
O
do
do
Wisconsin Central leased line ctfs $12,500,000 auth.
__
100 11,145,500 4 A A O \pr 1 2008 3
1,000
Minn
Sault
Ste
Marie
& Atlantic 1st M gold-.Ce c*
495
1886
8.204,000
4
g
J
A
Jan
1
1926
J
Bank
of
Montreal,
N Y
Minneapolis
286 1886
1,000
286,000 4 (5) r A .1 Jan 1 1936
1,000 50,705,000
Cons mortgageA Pacific
gold Intfirst
guarmortgage...............Ce.c*
(end) see text.--Ce.c* 2.710
1888
4
g
r
A
July
1
1938
J
2.710
Second
mortgage
$5,000,000
gold lnt guarantced.Ce
1899
1,000 3.500.000 4 g i A J Jan 1 1949
Cardotrusts
due $61,000
$96,000
semi-annually--------------1,000
1.167.000 5 j A .1 To July 1 1917
do
do
due
seml-ann
(V 92, p 795, 725).__
1,000 1/198,000
A A o To Apr 1 1920
do
do
1911
Equlp
trust
ctfs
g
due
part
s-a_______________
Ce
1,000
1,190,000
4
Yi g M A s To Mch 1 1021
Minnesota
Transfer—First
mtge ($1.004,000
are 4s) .c 22 1886
1,000 1.808.000 4 A 5 F A A Aug 1 1916
1st NatTrBk.St
Mississippi
& Western—1st
1,000
1 1922f $34. Amer
A SavPaul,Minn
Bk. Chlo
5 IT 1 J910:Ae $1J Jan
c Of Arkansas
which $16,819,300
held byMNg YredO par.CC
& H R RRCo . 1002
Of which
he Id In220.000
treasu ry July
64 100.
100.
throp ,MInn., to Storm Lake, Minn., 154 m. Leases trackage from Minne­ EARNS. (Road
proper)—11910-11.
Gross, $8,956,243;
apolis
to St.
& North.
Pac. RR„ 10 m.; from Spencer to 8 months, July
28.J_________
1909-10. .Gross,
10,648,617; net,
T. 1 to ~Feb.
b. 28./1900-10..Gross,
net, $2,902,831
4,738,942
Ruthven
overPaul
Ch. over
M. &St.St.Paul
P., 12
'A m.; from Tara to Fort Dodge, over 111.
REPORT.—Report for year ending June 30 1910 was In V. 91, p. 787.
Cent.,
6
m.:
leases
Des
Moines
A
Fort
Dodge
RR.,
Des
Moines
to
Fort
Dodge
Y
e
a
r
e
n
d
in
g
J
u
n
e
30—
1909-10.
1908-09.
1007-08.
and Tara to Ruthven, 137^ m.; also leases Minnesota Dakota A Pacific, Average miles operated......................
2,461
2,360
2,304
Watertown to Leola, S. D., 114 m., and Conde to Le Beau, S. D., 115 m.; Gross earnings...........................
trackage,
Net after taxes.................................... $15,060,237
6,380,578 $12,339,755
4,638,489 $11,193,720
3,538,854
B.
C. R. &24N.ra.;13total
miles.operated June 30 1910, 1,051 miles. Also leases to Other
Income......................................... 865,614
356,299 829,322
HISTORY.—A reorganization In Oct. 1894, per plan In V. 59, p 371
Persons Identified with Minn. A St. L. control the Iowa Cent. Ry., the Total net Income_______________ $7,246,192 $4,994,788 $4,368,176
Chcs. &A Alton)
Ohio, St.
A San
Fr., Interest
also Tol.In St.
& West, (which controls Interest on bonds, Ac......................... $2,208,387 $2,224,390 $2,234,190
Chic.
andL.have
a large
Mo.L.Kan.
A Tex. Des Moines Int. on Wise. Cent leased line certs. . 443,969
109,402
& Ft. Dodge RR., controlled, Is leased for 30 years from Jan. 1 1905. Rental of terminals______________
127,351
103,394
133,116
V. 78. p. 2335; V. 79, p. 269, 1704; V. 81, p. 1430.
Preferred
dividends
(7%).
658,560
588,000
488,744
Dividends on common...................(6^)1.233,120 (6)1,008,000 (5)693,015
STOCK.—After 5% on each, preferred and common share pro rata
DIVIDENDS.— ’97.
*01. '02. '03. '04. '05 to '09.Jan.,
1910.
surplus.............................. $2,508,762
$937,645 $819,111
Preferred...............)
3 3’98.^ 4*99.^ 5’00.
2 M — Balance,
(V. 91, p. 790, 1026; V. 92, p. 659, 725, 795, 882.)
Common______
% J-----None---1 H 45 55 55 25H 5 yearly.
0
j
M
INNESOTA
TRANSFER
RY.—Union
road
owning
13.54
miles,
ex­
On pref., Jan. 1910, 2 H%; none since to Apr. 1911. V. 90, p. 1677.
tending
from
Junction
with
Cnlo
Mil. A St.
Paulmiles;
at total,
Merrlam
Parkmiles.
to Frid­
BONDS,
Ac.—Bonds
duo
1927,
Nos.
1,101
to
1,400,
for
$500
each,
addi­
ley
(with
stock
yards,
Ac.):
side
tracks,
45.72
59.26
V.
tional
torefunding
those above,
were
assumed
by$25,000,000,
B. C. R. & N.
(now C.$7,894,000
R. I. A P.)re-• 67, p. 956. Stock, $63,000, equally owned by Chic. Mtlw. A St. Paul, Nor,
First
mtge.
of
1899
Is
for
of
which
Pac.,
Chic.
St.
Paul
Minn.
A
Omaha.
Minn.
A
St.
Louis,
Chic.
Burl.
lerved
to retire underlying
bonds and $4,600,000
for future
extensions,
Im­ Quincy. Great North.. Chic. Gt West.. Minn. St Paul & Sault Ste MarieA
provements,
mtge.
Is aand
first
on 277
Chic. RockAc.Island
A Pacific.
bonds
can beMtge.
Issued trustee,
for Im­
miles of road,Ac.,
Ac.,under
and asevere
blanketrestrictions.
lien on restThe
of property,
Is Hen
further
sc­ and
provements,
Principal
only Additional
Is payable
in gold.
oured
by
deposit
of
$2,530,000
Des
Moines
A
Ft.
Dodge
com.
stock.
V.
68,
Northwestern
Trust
Co.,
St.
Paul.—(V.
67,
p.
956.)
p. 187, 332; V. 79, p. 2147; V. 80, p. 2220; V. 87. p. 1420; V. 88. p. 295,
452,
See V. 5%
69, notes
p. 32.of 1906 (extended 2 years from Jan. 1911, the MISSISSIPPI ARKANSAS & WESTERN RY.—Owns from a point In
The506.
$4,000,000
Drew County, Ark.,
Gainesauth.,
Landing,
on the Mississippi
Rivergross,
In Chicot
remaining $1,000,000 having been paid off) are secured by the $6,250,000 County,
22 m. to Stock
$220,000.
Year 1908-09,
$18.­
Minn. Dakota A Pacific 1st gold 4s and the latter’s entire stock. V. 82, 838; net,Ark.,
$2,001;
bond
lnt.,
$
1 1,000; bal., def.. $8,999. Pres., A. P. Bliss.
p. The
392, $2,100,000
692, 1102; V.
83,
p.
38.
1114;
V.
91.
p.
1630;
V.
92,
p.
118.
Saginaw,
Mich.;
Sec.,
A.
F.
Cook,
Little
Rock,
A
rk—(V.
75,
p.
442.)
notes$600,000
due Feb.Des1 1912
by $1,250,000
CENTRAL
RR.—Owns
from a point
14 milesNatchez
south of
Minn. & St. L. 4%6%bonds,
MoinesareAsecured
Ft. Dodge
1st 5s and MISSISSIPPI
Miss.,Miss.,
to Natchez,
164 miles. 66Including
the former
$103,000
St.
Paul
Depot
bonds,
and
by
a
second
lien
on
the
collateral se­ Hattiesburg,
Eastern, Natchez,
to Brookhaven,
miles, taken
over by consoli­A
curing
the
$4,000,000
notes
due
Feb.
1913.
V.
92,
p.
659.
The $3,072,000 Des IMoines A Ft. Dodge 4% bonds dated Jan. 1 1905 dation In June 1909. Extension proposed to Gulf of Mexico. Stock au­
thorized, $5,000,000; outstanding July 1910, $3,940,000, par, $100.
are guaranteed, principal and Interest. V. 79, p. 1704, 2696.
EARNINGS.—9 mos../1910-l 1........Gross, $3,989,309; net, $1,080,197 Dividends of 6% yearly paid to Oct. 1 1907; none since to Mch. 1911.
July 1 to Mch. 31. \ 1909-10........Gross, 3,724,126; net. 1,046,399
B o n d s . —1st M. bonds dated July 1 1909, limited to $10,000,000, are Issu­
at $25,000 p. m.: they are subject to call by lot at 110 for yearly sinking
ANNUAL REPORT.—Annual meeting first Tuesday In October. Re­ able
fund of $300 p. m. of road covered from July 1 1912; also as an entire Issue at
portY e for
1909-10
was
In
V.
91,
p.
156'’
same price. They are guar., p. A 1., by U. S. Lumber Co. V. 88. p. 1561.
1909-10.
1908-09.
a r e n d in g J u n e 30—
1907-08.
1,027
1,027
Average
miles operated---------------mos., U909-10________Gross,
/1910-11_______ Gross, $618,995;
1,005 EARNINGS.—8
July 1 to Feb. 28.
580,529; net,
net, $261,532
234,753
Gross earnings-------------------------- $4,945,391
$3,826,516
1,301,602 $4,171,315
1,133,465
Year
ending
June
30
1910,
gross,
$848,817;
net,
$302,168;
other
Income,
Net,
after
taxes)..................................
995,469
136,345
135,8351
Income from Invest., rentals, &c---$44,222;
betterments,
$32,381;
Interest
on
bonds,
$205,000;
bal.,
sur.,
$109,009. Pres., F. L. Peck; Treas., John T. Porter; Sec., G. F. Roycc.
$1,437,947
Office,
Hattiesburg,
Miss.—(V.
90,
p.
1171.)
$1,269,300
Comparison
1,360,010 1,366,259 changed.
___
Bond
MISSOURI
ILLINOISRiver
BRIDGE
& BELT
RR.—Has
2.100
feet
100,000
200.000J
Dlv. onInterest___________
prc<. stock (5%)...........
long
across CIn
the&Mississippi
atLouisville
Alton,
III.;Aalso
2 milesbridge
ofSt.road.
Owned
by Cleve.
Chic.
A
St.
L.,
Nashville.
Louis
Iron
Balance for year ______________ def.$22,063 def.$296,959 _______ Mtn.
& South., Balt. & Ohio, Missouri Pac., Wabash, Chlo. Rock Island A
Pac.,
L. ARR.
San system).
Fran., Mo.Incorporated
Kan. A Tex.In and
OFFICERS.—Chairman,
Edwin
Hawley;
Pres.,
T.
P.Treas.,
Shonts;F.Vice-Presi­
HauteSt.(Penn.
Aug.St.1904L. asVandalla
successorA ofTerre
the
dents,
W.
L.
Ross,
Chicago,
and
F.
II.
Davis,
N.
Y.;
II.
Davis;
St.
Clair
Madison
A
St.
Louis
Belt
RR.
V.
79,
p.
1642.
681.
Stock,gross:
$2.­
Sec., A. C. Doan. Office, 25 Broad St., N. Y.
500,000;
outstanding,
$110,000.
For
year
ending
June
30
1910,
Directors.—Edw.
Hawley,
H.
E.
Huntington,
F.
II.
Davis,
Frank
Trum­
$156,882;
net Henry
after taxes,
$61,040;
$68 bull, Theo. P.F.Shonts,
F. M.Chicago.—(V.
Tompkins, A. 92,
C. Doan,
Pres.,
Miller;$130,458;
Treas., bond
F. II.interest,
Hamilton;
Sec., bal.,
W. F.sur.,
Bender,
Minneapolis;
P. Frazier,
p. 118,New
659.)York; L. F. Day, 518.
Lincoln
Trust
Bldg.,
St.
Louis.—(V.
88,
p.
1128.)
PAUL
SAULT
STE. MARIE
RY.—Owns
main MISSOURI KANSAS & TEXAS RY.— [See M a p .) — Operates a line with
lineMINNEAPOLIS
from Sault Ste. ST.
Marie,
Mich.,& via
Minneapolis
to Portal,
North Dakota,
terminals
at St. Louis,
City,Territory
JunctionandGltytheand
Hannibal.
at
the miles;
International
boundary
line, there
with292
the m.;
Canadian
Pac. northern
Mo., extending
southerly
across Kansas
the Indian
Texas
cotton
1,039
branches,
Hanklnson,
N. D.,connecting
to Garrison,
Glenwood,
belt toand
tidewater
at
Galveston,
on
the
Gulf
of
Mexico,
and
to
San
Minn., to Emerson, 265 miles; Thief River Falls, Minn., to Kenmare, N. D., Tex.,
Shreveport. La., with branches. (*See this company.)Antonio.
296
m.;
WIshek,
N.
D.,
to
Pollock,
70
m.;
Brooten
to
Duluth,
Minn.,
M . K . A T . R y . — O w n e d ild G m .) M ile s . M .K .A T .o J T e x .-O p e r . (328 m.) —
187 m.; othertobranches,
212 m.; spurs,(being
9 m.;replaced
total July
1910,owned;
2,711 miles;
Louis toMo.,
RedtoRiver_______
•Tex.
stk. owned).
267
also
by line
83, St.
Hannibal,
Franklin
Jet. 629
105
*Wich.Cent.
Falls.(99%
Ry.........1
Not
18
p. 38)trackage
and Sault Minneapolis,
Ste. Marie, 19St.m.;Paul
leases Wisconsin
Central
Ry. (whichV.see),
K.
C.,
Mo.,
to
Parsons,
K
an..
94
Den.
Bon.
A
N.
0__
[owned
24
1,061
miles;
total,
3,792
miles.
Parsons,
Kan.,
to
Okla.
City..
203
19
Wascom
to
Shreve__J
Extension
to
Plummer,
Minn.,
200
miles,
was
opened
Oct.
1910.
Owns
Juno.
to Paola,
Parsons,Kan___
K an.. 158
O p .J o in tly (a) .— M .K .A T .R y .i f i X m .)
Lawler, Minn., to Cuyuna, 37 m., not Included above. V. 91, p. 787.
K. C. City
Jet. to
86 St.
LouisCity
to Maohens,
Mo____ 43
27
HISTORY.—A
consolidation
In
1888
of
Minn.
Sault
Ste.
Marie
A
Atl.,
Oklahoma
City
to
Atoka_____
132
Kansas
to Paola________
Minn.
A
Pac..
Ac.
See
V.
46,
p.
538,
609;
V.
77,
p.
628.
Osage
Jet.
to
Vcrdark,
Okla..
79
Dewey
to
Bartlesville________
In 1909connection,
51% of Wisconsin
purchased,
affording
Fallls tobranches_____________
Guthrie____________ 15231 Moran to Plqua____________ 74
Chicago
the road Cent.
being com.
leasedstock
for 99wasyears
from April
1 1909:a Other
(b) M . K . A T . o f T e x .(155 m .).—
$11,145,500
4% leased line ctfs. were Issued (to Apr. 1911), secured by the M . K . A T . 0/ T e x .-O w n e d (1,129 m.) — Whltcsboro
Ft. Worth_____ 71
W Is. Cent. pref. stock. V. 88, p. 232, 564, 686: V. 89, p. 1668.
Red RIv.to Houston,via Ft.W . 357 Houston to toGalveston.............
50
Denison to Hillsb.,
via
Dallas..
172
Sou.
Pao.
Connection,
Santermi­
Ant. 3
STOCK.—Canadian Pacific In July 1910 owned $10,515,300 common Whltcsboro
to Henrietta_____ 87 Austin to San Marcos and
and
$5,257,700
preferred.
Preferred
stock
has
a
prior
right
to
7%
(nonGreenville
to Shreveport_____ 363
150 nals at Austin____________ 31
oumulatlve): then common to 7%; then share pro rata. V. 75, p. 549. Other
branches_____________
Stockholders
of
record
April
15
1911
are
permitted
to
subscribe
pro
rata
Total mileage operated_____ 3,353
until May 8 1911 for $2,187,300 pref. and $4,374,700 common stock at
par,
payable
20%raise
eachtheon amounts
May 8, June
7, July to17,$12,603,300
Aug. 31 andpref.
Oct.and16 w In June 191° acquired 55,964.000 of the 54,000,000 stock of Tosas Cent..
1911.
This
will
outstanding
Waco
to
Rotan,
Tex.,
267
miles.
In
Jan.
1911 It was proposed to apply
$25,206,700 common. V. 92, p. 725, 882.
fp. 799.
o r Seety J^*case
or
purchase the road and assume Its debt. V. 91,
BONDS
below.
DIVIDENDS.—
1911.3 M
%/) *03.
2 '04.
4 4'05. ’06.
4 '07.
4 '08.
6 6’09.7'10. Apr.,
Common............................
&c*—Reorg.
In 1890
withoutbyforeclosure,
V .4 9 , p.710
In Oct. 1909 a large Interest
had been
acquired
Edwin Hawley,
B. F.
BONDS.—Can.
Pac.
guarantees
by
endorsement
4%
lnt.
on
all
the
assenting to a reduction of Int. to 4%. (See V. 50, p. 784; V. 51, p. bonds
239.) Yoakum of the Rock Island Co. and Speyer A Co. V. 89. p. 093.
About one-half
Minn. & Pac. bonds and practically all other Issues assented. LAND G**ANT.—Land grant In former Indian Territory (now Okla­
Abstract
in n e a p o lis S a u lt S te . M a r ie A A tla n tic mtge. In V. 45, p. homa) , 3,110,400 acres, subject to Indian title. See V. 79. p. 903, 1281;
243.
TheofconM sol,
m ortg ag e of 1888, abstract V. 47, p. 142, was for $21,­ X* Si' p*
\V42;82’compare
V. 67, p. 2 2 2 ; V. 55, d. 937; V. 61, p. 1155.
000,000 on 800 miles (sufficient of this reserved to retire prior bonds) and for V,r77,vPA?SS^:oV*
P-pref..
1102-1906
' v - to May
p. 508,1911,
1248;4%V.yearly
85. p (M.
736. A N.)
$20,000
per
mile
on
73, p.V.185;
p. BONDS.—M.
OIVIDU,r>IDS.—On
1332; V. 80. p. 651; allV. additions
87, p. 1011.V.1664;
89, V.
p. 78,
779;p.V820;
91. V.p. 79.
1026.
K.
A
T.
1st
and
2d
mtges.
of
1890
(abstracts
51, p.
As to second 4s, see V. 68, p. 669, 771, 977; V. 71, p. 845; V. 85. p. 1646. 495) cover, besides rlghtjto land grant. 1,599 miles of road.ilncl. InlinoV.Hanul


RAILW AY STO CKS A N D BONDS

A l*K .. 19 1 1 .1




85

MISSOURI,
KANSAS & TEXAS
Railway System.
mM A
n Pr

0

MutavmnsM/il

vOj Fr

Ti Hn Ec .

86

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[F o r ab b re v ia tio n s , <fcc., see no tes o n fir s t p a g e ]

M ile s D a te
R oad B ond s

Miss
M $10,000,000
g gu1stredM (text).
Mo& Cent—1st
III Br& Belt—St
OM & StLB
red g SStS
Consolidated
mortgage
$2,000,000
authorized
go
Missouri
Kansas
Preferred
stock&4%lexas—Common
non-cumulatlvestock
_

Par
V a lu e

A m ount
O u ts ta n d in g

R a te
%

W hen
P a y a b le

[VOL. LX XX X II.
L a st D iv id e n d P la c es W h ere In te re st a n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le

164 1909 $500 &c $4,100,000 5 g
July 1 1949
Harvey Fisk & Sons, N Y
1901
1,000 758.500 4 g
Jan 11 1951
1951
..
1904
1,000
700.000
4
g
Jan
St Louis Union Trust Co
—
_____
63.300.000
100
____
- - 100 13.000. 4000in 1910
May 101990
1911 2 % Checks mailed.
1,599
40.000.
000 4 g
Junel
Office.do49 Wall St. N
1,599 1890
1890
20 . 000.
000 4 g
June
1
1990
do
163 1894
1,000 3.254.000 5 g
Nov 11 2001
1944
do
do
1901
1,000
1.923.000
4
g
Apr
do
do
162
1892
1,000
4.000.
000
Apr 11 1942
Second^mortgage guaranteed, being retired I I ;! 162 1892
do
do
1,000
59,000 55 gg
Apr
1942
do
do
182
l££
d
^i20*?00
P
ra)
gol(i
assumcd.Ce.c'
1893
1,000
1.689.000
5
g
June
1 1943
KansM
City 1st
ds PacIflo
1st M gold
assumed___
Ceo'cl 130 1890
do
do
1,000
Aug 11990
M
K &&Okla
MM$5,468,000
gold
assumed__Ce
do
do
227
1902
1,000 2.500.000
5.468.000 45 gg
May
1
1942
Texas
Okla
1st
$2,347,000
gold
assumed
Cc'c*
do
do
117
1903
1,000
2.347.000
5
g
First and refunding M $40,000,000 gold (see tev °
Sept 11 2004
1943
do
do
1904 250 &c 10.438.000 4 g
Sept
do
do
_____
wW Cr &
.t2?,;<J0<i-10,
o, TOld
i “Sd
r«lcall
ntp*“
1906
1,000
14.757.000 4 >* g
Jan
1
1936
3(s onsol
Imp
1st
M
assumed
sink
fund
at
12
do
do
1889
1,000
968.000
6
ratge $125,000,000 gold authorized
July 1910
1 1929
do
do
1910 i.o'oo &C See text
One year 5% secured gold notes red at par""
1910
10 , 000.000
55 gg
May
1
1911
Office,
49
Wall
St.
nlV
nIoC
iiri
x
SrCCUr?d*
K
c
U
?ies
516.000,000
red
par
Ifn.c
.
.
.
1911
1,000
12.500.000
Dallas & Waco 1st M $20,600 p m irtruar n a i p* 66 1890
May
1913
Union 'Trust
Co, St.NNNYYY
1,000 1.340.000 5 g
Nov ll 1940
M K A T of Texas 1st M *20 000 p m C ex.H u r or 225 1892
Office,
49
Wall
1,000
4.505.000
5
g
Sept
1942
BoonvIMe North
BridgeArk—Allegheny
1st M (told slnffdlCe.cW
do
do
1901
1,000 1.000. 000 4 g
Nov 111 1911
1951
/Hisjouri^
Impt notes&loter
g red..
do Union TrdoCo
1006
6,000,000 5 g
Oct
St
Louts
350
1904
100
&c
5.610,500
5
g
Nov 11944
M o A " t v e™ ‘l ‘ t5 MKuarOUOK te“ SSc*
St Louis
550.000 5 g
Nov
1 1944
do Union Trust
do Co
100 83.251.000
See text
Jan
30
1908
2H
165
Broadway,New
York
284
1868
1.000
6.996.000
45 gg
Aug 111938
f t ' ™ " ; ' M t lu 1891 in (told St L to K O-'-c. 284 1871
Mercantile
Trust Co, N Y
1,000
2.573.000
July
1938
do
do
p !S5 !5Jge paron
S1 LouBr? rcal
estate
ext
In
1892
(told1872
500
&c
800.000
5
g
May 11 1938
1938
do
g gu108p A(V183,
(end)p 492.
extend
1893 13 1873
do
500 237.500 4>* g
Oct
Third M
ext1stIn M1908
red
1348)Ce
do
do
297
1876
1,000
3.828.000
45 g
July
1
1938
Missouri
Pac
Lexington
to
Sedalla,
Mo,
gold
do
do
57
1880
500
&c
650.000
Aug
1
1920
Consol M 230,000,000 gold__ .
os 1,076 1880
do
do
1,000
14.904.000 6 g
Nov 11 1917
1920
do
Gold
collateral
trust...................................’--0nc«A
r
do
1,120
1887
1,000
14.375.000
5
g
Jan
First coll M 810,000,000 g (V 50. p 660) - -Me.c»rAr 671 1890
do
do
9.630.000 5 g
Aug l 1920
do
Mortgage
837,255,000
red(Vat70,102
H . .Me.xc«
Ar*
do
1905 5001,000
<&c 37.255.000
45 gg
Mch 11 1926
1945
& Casey
1st M&g ggu
p 1005)
assum-.o*
do
do
52
1886
1,000
520.000
July
• LetVerdigris
ValVIndep
W 1st M g gu assumed___
do
do
81
1886
_
l
.
o
o
o
l
806.000
5
g
Mch 11 1933
1926
• K C & N W 1st M pref “A" g assumed red 105..Me
do
do
1894 100 <fccl 1.024,000* 6 g J & J Jan
•Jo
do
bal. Mo., Shreveport
to Boggy Tank
(except
71 in.
trackage), sundry branches, and
Sherman
& Sou.,
but see
below.
M is s o u r i K a n s a s <fc E a ste rn b o n d s were assumed In June 1896 (V 63
30 > Issues;
54.069.000
dlv. Impts.
1st refg.V.bonds
s e 3 Vfor75 retirement
ofp both
balanceStforLouis
ext. and
72. d«. 1034*
n 60 8
—
Shr e v e por t tfe S o . mtge. Is for $6,000,000 at $20’,000 per m • Iss’d anUhfor tw<? lear'a a / r e r " 13 «uara“te“<>during construction
$3,689,000, of which $2,000,000 pledged underM. K. & T. imtge. of 1890
BerP^3,»F,uar" ,^®re assumed on consol. In 1901. V. 72, p 1034 1115 *
^o*nan°S#5
Oklahoma and Texas <fc Oklahoma bonds, Issued Denison
b fu ic MtOP ' S% cSii5.y’
& iL Ry„V& Tcrm-.53 (*>.0 0 0 .8 6 0 au'thirlzV ls.^) JJU ;
Ahh® 8ecurcd°n the line between Red River and
D
o
s74u1038:
arfv
atbM
11 nnA’l 9iinni t’rt
e Red Rlver
underbeing
construction,
the bonds
Issued hvanda
__Of tho 1st and refunding 4s of 1004 ($40,000,000 authorized Issue) $ 1 2 - any additional lines to be built Intb,Texas,
SCmMrfpC
pn>?an
o'
t0
,cgal
requIrcmentS
T
f
l
.
p
l
l
a
by “
m°rt*®8?e3
at
orbefore
mattfrlty;
l7,o2o,000) for future purposes. They are oavaDle at ■ p-ill1 \o* *r.hVT, ros';■ Wm. Kenetlck. Kansas City, Mo.; V.-P. and
ff®
of,u.ithe (*holder
In sterling, marks or francs. They are / second Tr(V3'a«VV.Pii«n3Wvr’oo
'•. 077,(l',J°ucaGeneral
offices.
Muskogee,
Okla
—(V.
88,
p.
080;
V.
90,
p
1171,
1238,
1303;
V.
01.
p.
1328.)
VflSlev
Rv 47, I”“es* and a flQ
flrstonmtgebondsand
of Denison
& Washita
,La,.
IeY R^"
flrstV\e,lien
terminals
equipment
of cstlPACIFIC
R
Y
.— (S e e M a p .)—Operates an Important sys“A
} » *p. 613,? V
222.
f
southwesterly from St. Louis, Mo , Including
**“•«Y/ "81,
V. 8£82,000n
p, 987,V.1497; P.V 068.
86. p.1281.
1101*1332;
V 88V.n 80, p poe;
?ihlJ!nfv,f
Lol! llto Ouraha. Neb., 494 m., and from Kan. City to
Df the<a?I ®00«p°0 Ken, M. 4H8. $3,170,000 were sold In 1909 for’equlp- pl
rXni.1
r'rPn
M.#2i
X
'th
m
ri^
Y branches In Kansas, Ac. Through the St.
“p,nr
e5 h“' 834?
5k mJS j i£!P \v? -%84«
of poutstanding
from V.
Jan.
1 . V.82.
u t hTex.
e r nA Pac..
which
It controls,
Isand
hadthewith
1551;
v . bonds
85,authorized
p. yearly
346, 654;
88.1 p.19 1101.
158. .‘^Sdh ,yh° i ' Slcaoot,fbo
Internat.
Aknown
Gt.connection
Northern
St. Texas
Louis
The stockholders
on June
30 1910
a consolidated
30-ycar
Southwestern,
the
whole
forming
what
Is
as
the
"Gould
System.”
cd
to
Viv5,00-0,0.
0
.
0
-,t0
sccure
bonds
bearing
Interest
from
April
1
\
,
Mil"-1
L
e
a
se
d
lin
e
s
.
<tc.
M
1910 at not over 5%, of which $66,000,000 are reserved primarily for re494 |Boonvllle St. L. A Southern__ ile44s .
lundmg
the remainder
are ofIssuable
only under restrictions,
the bondspurposes
are to beand
secured
by the pledge
securities,.Including
$4,000,000 Oflier'in a in'Ihie a^dbran^he^.^.OOO J’lrackagu to St. Joseph. Ac— 58
K. * T. Term.
Co. of St.pref.
Louis 1st 5s, $6,570,000
M. K. & T. gen. 4 >*s.
$1 ,305,000
Texas Central
Also controls St. Louis Iron Mtn. A ?Som°andCic“ e!l
miles3
lien
on the nronortv
nf t.h«» \r nranda .$2,662,300
n’ cnhionf common
,>viuun.rstock, and\r bynoa „G TSe
M,™n,wS'pOU^ P?,Clfl0nmllea80
tSlV.e7?171 mlfcs3’288 ra,1C3P -725. 795. V. 90, p. 1491; V. 91. p. 336.
0 % ofPueblo
the 8tock
of tho
iu Mch. issue
1911 $16,000,000),
sola $12,500,000
two-year
5%
secured
(total w& mh io lGrende
e n d a.RR
1 rn rItS;?A#J?ril8*abS.ut
r n«tter extendfug\ from
to Salt
LakeDenver
City,
authorized
dated
May 1 and
1911.improvements
to takegold
up notes
$10,000,000
Pac
Rv
Co
«ns
^
maJ®rRy
°f
the
stock
of
the
Western
notes
called
for
payment
May
1
and
equip,
secured
by
rei
rl The Missouri
f[ TPac.SaRRy.Lake
Cltv
to SanIntegral
Francisco.
deposit of $16,000,000 consol. 5s. The remaining $3,500,000 notes are was comnletedTi?
completed
m
1910.
Co.
Is
tnusan
reserved
against
additional
amount of consols, taken at 7 7
of a trans-continental line extending from St. Louis to San Francisco.1nart
of
their par
value.deposit
V. 92,of p.an 726,
795, 882.
at in uS?
Pii authorlzedas Increased by the consolidation with conGUARANTIES.—Boonvllle Bridge 4s, see V. 73, p. 494.
DEloaVao1?mere^d
S a s t S i P lnk “rene
hA.U„^ 19»?9’ *240,000,000; $83,251,000 of new comM . K . & T . o / T e x a s mtge., $10,000,000, see guaranty, V. 56, p. 604.
^change for stocks of constituent cos. (Incl. old
The($1,000,000)
S o u th w e ste rn C o a l A Im p ro v e m e n t C o .'s bonds are guaranteed Mort­ A1°. 1 a c d merged In 1909. V. 85, p . 1646; V. 89, p. 348; V. 91, p. 1705.
gage
covers
coal
lands
in
Indian
Territory;
the
company
also
Pft7f3‘
u
to ’07 2H1908
None
owns 2,350 acres additional. Den. <& Wash. Ry., 47 miles, mines, &c
Ferct.l6K 7 y ly. 5>* 4 >d?4 ,Q}3 ,02-’00
None. ’01
2>* ’025 yTy.
stk. since.
IOUAX eSTcxMICenrealf '_ F°r 8 m0Qtb3 cndlng Feb- 28 (‘“eluding in 1910- DJ.dpn. aad Edward D.
n 0ili*Adams—the
2 t€d m oX ? a lbalance
e !8 for *30,000.000—trustees
John F.
8 M a s .—
C ro ss.
N e t.
O tfw r I n c . C h a rg es.
B a la n c e
prior bonds due If deemed
best. Abstract Inunissued
V. 47, p.Is In
287.trust to redeem
1910-11 .$20,505,598
$5,787,606
$271,312
$1,049,900
$2
009
018
i
he
co
lla
tera
l
tr
u
s
t
b
o
n
d
s
d
u
e
1917
(Union
Trust
Company
of
New
1909-10 . 18.193,765 5,073,363
107.269 3.718,294 1,462,338 trustee) are secured by mortgage bonds of new roads at $12,000 or $ 1York,
5 000
ANNUAL
REPORT.—Annual
meeting
first
flrst Mondav per mile; these embracing the line from Fort Scott, Kan., to Pueblol Colo *
In April. Report 1909-10 was given at lengthThursday
In V. 91,after
p. 786, 799. Y & c. For securities pledged. &c.. see V. 46, d. 678.
i o k ! WO5 are limited under the “flrst and refunding” mortgage to
Y e a r e n d in g J u n e 30—
1910.
1909
1908. fvthe,2 So
outstanding;
they80.arep. secured
an equal amount at par
Gross earnings......................................$26,559,346 $25,300,91 $23,283,669
k $37,25o,000
o tl‘vUn. stock.
Compare V.
712; V. by
8 6 , p. 1344; V. 89, p. 1 3 4 7 .
Operating expenses and taxes............ 20,198,967 18,634,715 17,120.350 °f
1 nno
refu^ IInpr mortgage of tho K a n s a s & C o lora do P a c ific made In
, 28?; , .,?8* p- 452) la limited to $50,000,000 (at not to
Income............................. $6,360,379
6 666 ,200
$6,163,319 «9n?A»*7*ni?A°?.0 2P;2 9m,t
deluding
$15,544
m. of but
priorof underlying
bonds);
NetDOperating
income...........................
$6,658,250 $6,847,635
$6,544,741 $zu,0H7,000
bonds secured
thereby
were p.Issued,
these $16,715,000
e d u c t—
have been *2,3*532,000
pledged under
the
new
Missouri
Pac.
"flrst
and
refunding"
Interest
on
bonds...........................
$4,801,355
$4,770,634
$4,670,628
to retire underlying bonds of constituent companies
Other
Interest....................................... 705,320
11,032
83,019
31,433
5»CiSennnhereserved
d by trustee
of Mo.
Pac. Ry. V.coll,90,trust
5s ofV.1917
1920;
Rentals...............
530,408
507,406
for exten.
or Improv.
p. 1171;
91. and
p. 337.
Hire
of
equipment-..........................
99,080
77,278
lono
am
refunding’
bonds
of
the
Missouri
Paclflc
Ry.
Co.,
dated
Dividends on preferred stock (4%)__ 520,000
520,000
520,000
of *175.000.000, bearing Interest to be fixed for
V8So “J 1 -H3a4JVf The,k»u«
t *and*If
with conversion
Balance, surplus.............................. $521,463 $866,296 $8 2 7 ,2 7 4 See^frrnfAT8
lrfrerest
onanv'lnir^fwilldesired,
sublcct
at 1 1rights,
0 and
1be1917,
cithertoascall
a whole
or In
A. Allen, 49
St. Wall
Louis;St..V.-P.,
Halle, St. Louis: interest on any interest day beginning Sept.
See.OFFICERS.—Pres.,
and Treaa., C. N. A.
Whitehead,
New C.York.
faTt°shOUldQbe
redeemed6d
h
^
'
L‘
!Fon
fttn‘
*
Soubonds
In
case*
these
Series
AUh
on
d/^S
^M
i»
-Tf?
lmmcdlate
Issue
consists
of
$29,806,000
5%
f..!?Jre£tor8/
(Chairman),
F. Yoakum,
HansHarry
WlnterSent
1 191
J i9fov»valu?
^ d o8l>ch
r ’a option
Into
stock
at parof
™ nk ^A-Ed'vln,Ha'vloy
Vanderllp, Frank
Trumbull,B.James
N. Wallace,
S. from
date
of
redemntfnr?
Pi
n
U
2,
and
wlth,n
period
up
to
30
days
Lolfu*
A- AI,en*
Campbell.
St. shareholders a t^ o in J
P R ' i&nU?rVrSanf
n 0F ^ k P * Frazier, Chicago:A< Edward
S. James
Rea, Alfred
J. Poor.
a
o
?
.
uEscr'bed for by
AifSd wW.VSS*.*fonsa?:
*1- J * Eng.—(V.
£ c Marcz Oycns,
Amsterdam.
Airred
Smlthers. London,
92, p. 725,
795, 882.)Holland; ar.d
36
n
ARKANSAS RR.—Joplin. Mo., to Helena, Ark., rlmilnide??fi 7 i?fnnn ‘"}e a^m°““t ot un<lerlylng3|,omla (lii
?! ivnun?'’ 9of wl?Jcb
Mo., to Joplin,
19 miles,
and Sellgman,
miles, Neosho,
are trackage.
Completed
in 1909.
V. 80. p.Ark.,
168. boldds*heretotore°certWedtbL u30pTOvidmgKfonr payrnoarnot
P,lan y- since
8.2* P-extended.
569. 1269; V. 83, p. 39, of St. Louis <fc North M
W oVoOreTeorre
«4.«53.000
forI.Tmfwo^Ys
(2)
Arkansas, 855
foreclosed,
$5,300,000
to acquire lc33
a likethan
amount
of St. L.
M. & So.; Im*/> oin?iroa«nhi^o!ffd V^2i5.,(l«0
per m,l°*
a mortgage
wasUnion
filed ?v°Vntnb°n<l
3
i’?onid
<3)
^‘1'808'°00
for
add'ns.
bottenn’ts.
Ac.
*11.500.000
50-yearla4%Aug.gold1906
bonds
(St. Louis
tv. uu, p. 1290)____________
ana nnn
itr^ St«e Issuable
at $25,000
bonds Reserved to nnwld^niem?^mouiit o fA ir'id erly in g 'lw m i.sD O ,'203,000
*®*000.000
5-yearper5%mile.
gold Entire
notes ofstock
the and
Allegheny
Reserved
to
re
tre
»
/?k»^™m3,
.&0;’
l(
required
In
refunding..
4,040,500
ki«°\'
ll, Union
but redeemable
on any Interest
?' , !!"1
,0( not
equipment
T , , ™ J 1t lo0l,,s
Trust Co., trustee.
V. 85. p.day;
99. Reserved (tomth?r J!S? any
h™113
requiredobligations----for refunding) 6,500,000
frust^A pr^i lOl*? ^65*131 ’
each ot stock and bonds. Car {CMrTxten»n?!;.vL';itb
hv
1i^Yrnortvs2At<iIi?lenti
3
and
equipment
and
bonds
secured
factllthwtoUSenf.(SrSfii!
m?riefa£erA?ni u“‘°?
depots,(S C Ostations
and terminal
* j i ro
91 $94,990;
avcr-bal.,
miles),dcf.,
gross.$13,657.
$826,710;In net1908-09
Inc., Reserved
re3tr>ctlons
note below)...............
48,000,500
$81,333, taxes, rentals, Ac..
(345 aver,
$486,371;Geo.
net.L.$15,774.
Chairman,
D. R. Francis; ReimprovemeaCtqboml3
3.™ba.n t.af St' L' *• M' A Sou1B’ ’ „
Pres.,
Johnmiles).
Scullln;gross,
Vlco-Prcs.,
Sands.—(V.
86, p. 857.)
of s'tn nnn'nnn 3 ?,?.nvc,rtcd"'“t0 stock and canceled. but only’ to an aggregate
MISSOURI
OKLAHOMA
A
GULF
RAILWAY.—Owns
and
oper­
l?l
o'I
ssm
b.
AeS,arL
bS
re
l33“«<‘
(or
additions,
equipment.
Ac.
ates
229.72to miles
of main
track and and
20.6 Henryctta;
miles of sidings
extending
a di ^ ct llcn
on •''•779 mllc3
“r3t nlal“ track also
and
Wagoner
Denison,
via Muskogee
trackage
Denisonfrom
to 952 milesto of Other ..t^tr„AO
S k,.?ubJSot
S° on
SS8.203.000
Sherman.
10H
m.
Branches.
Dewar
to
Coalton,
5
m..
and
Arkansas
Jet. subject
tho enure
entireunderlying
valued at
C1Q hoi ono «,W| ' ',mdprylln(!
* ‘“K bonds Ul1
tequipmentbonds:
to Lowcrrce. 2.4 m. Extension from Wagoner, Okla.. to Joplin, Mo.,
hereafter
acquired; also
her Improvement
120 m., 60-lb.
under steer
construction In June independently.
1910. Main line, 70-lb.
steel girder
rails; b v n lld m n l ?h« ? U °!tAer pr°Perty now owned
w or* So.
bonds
sidings,
steel
,000 to
deposited
- bo
.......
..........at
bridges over
Verdigrisrail—operated
and Arkansas rivers, which are Owns
used as2 toll
bridges.
aTOCK.—Authorized. $t0.000,000; outstanding, $5,610,500; par, $100. practically the St. Louis ?Iron Mtn. & Southern system. jSUUfflJI



$

,

s & s lin r S

T sssr sM ss.q sss

APR., 1011.1

RAILWAY STOCKS AND BONDS.

*■ »
ao




RAILW AY STO CK S A N D BONDS.

88

R A IL R O A D C O M P A N IE S
[F o r a b b re v ia tio n s, A c ., see no tes o n fir s t page]
Missouri Pac (C o n c l )—

M iles D a te
R oad B onds

Par
V a lu e

Am ount
O u ts ta n d in g

R a te
%

W hen
P a y a b le

[V O L. LXXXXII.
L a s t D iv id e n d P la c es W h ere In te re st a n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le

Central Branch U P 1st mtge gold assumed._Un.c* 100 1898
2,500,000 4 g JF A D June 1 1948 Mercantile Trust Co,NY
1899 1,0001,000
3,459,000
1,000
4 g F AA AA Feb 1 1919
do
do
Kan A Col Pac 1st ref M g gu assumed__Eq.xc* A 288 1908
3,972,000
Ac
Feb 1 1938
First A ref M $175,000,000 red conv text.(i.xc*Ar' 3,779 1909 100 Ac 29,806,000 65 gg M
A
S Sept 1 1959
New
York
Equip
Ass’n
obligations
$203,000
pay
Sept
1
yearly
1902
1,000 409,000
Equitable
Trust do
Co, N Y
do do Ser B gold last Installment..
97.000 55 gg <;!—M
1903
1,000
»—M Sept
Mch 1911-1912
1 1912
do
do
do
Ser OD gold
(282,000
June Deo
1 yearly.Me
846,000
1903
1,000
5
g
C!—M
To
June
1913
do
do
do
do
Ser
to
F
gold
$103,000
1
yearly
1903
357,000
1,000
c 1— M To Deo 1914
do
do
do bonds
Ser Ggto*335,000
I gold $220,000
yearlyK.c*&i
1,077,000 56 gg (,1
1905-7
1,000 2,010.000
—A MN To Deo 1916
do
do
ModoPao
equip
yrly..
1907
1,000
6
2
M
May
1912-1917
Knickerbocker
Tr
Co.NY
Am
Rcfrig
Transit equip
notes May
gold 1not
guar—See "Indu strlal
Cos” and V 92,p 883
MoGen
Paccons
System—St
Louis Iron Mt & Southern Ry—
& flrst guar mtge ($45,000,000) g__ M e c* 1,538 ’81-'87
37,124,000
1,000 6.074,000 6 2 A A O Apr 1 1931
Mercantile
TrustdoCo, N Y
do do gold stamped guaranteed & 1 c« 1,538
1,000
5 g A A O Apr 11931
do
1,543 1899
30.529,000
1,000
4
g
A
J
July
1
1929
J
do
do
Hlver
*
O
Diva
1st
M
$50,000,000
g
.-IIMe.xc*&r*
739 1909
1903 1,000 Ao 33,048,000
May 1 1933
do
do
Improvement mtge $25,000,000 gold
5.300,000 54 «g M A N 1959
Car trusts L to ll due June, Sept and Deo yearly™
81,000
'95-'03
5
Quar.
Sept
1
1911
do
do & Oo
CardotrustsdoSer Ser
N toRPto$355,000
or
$357,000
yearly..
736,000 55
1903
1.000 1,494,000
Whelen
U, part yearly__________ _
1 .0 0 0
’05-’06
—M To
To June
June 1913
1917 Townsend.
cQ—M
do
do
rLittle
.5? Rock
^ June
t 1st 5366,000
June
yearly"
Me
cAr
1907
1,000
2,562,000
5
g
1917 Mere Tr Co, N Y & Phlla
Ale c*
M assumed_____
1,000
6 Ac,'—AMO To
1891
AprJune
1 1916
Mercantile
NY
Pine BluffMidland
& West 1st
redTo"years" 105._ 442 1903
1,000 435,000
880,000
5 gg .A1 AA OJ July
Oot 20
1 1023
New York
York Trust
and StCo,Louis
Arkansas
1st M
M assumed
gold assumed..
47
176,000
1911
6
New
Sp 1st M g assu m ed ...rrrisst
53 1899
1,140.000 4 g .1 AA JJ July 1 1939
St Louis and Philadelphia
$1,000
A100£ 900,000
983,360 45 J A J June 1930
m
SnT^a^
s.& Gulf
1st Mg&stock
£ assumed____
F 100 1902
Farmers L Co
A TrNY;
Co,ALon
NY
Mobile
&
Birmingham
RR—Pref
($000,000)...
.
1
J
Prior Mortgage
lien gold $$1,200.000..............Y.Y.Y.Y.Y.A\e!c
6 0 0 ,0 0 0 ...............
Ce c 150 1895 200, 1000 600,000 5 g J A J
J PP MorgA
Morgan
&
Co,
N
First
A
J
150
1895
200,
1000
4
1,200,000
J
do
do Y
Mobile & Ohio—Stock__________________________
S e e t e x t S ee t e x t
100
6,070,600
Mobile
First
M exten
MobileColumbus
to Columbus
(principal"gold")F~.c*
A D Deo 1 1927
1879 5001,000
Ac 7,000,000
Farmers’ L & Tr Co, N Y
first M
to Cairo
A branch g__F.c 472
527 1883
1,000.000 66 g JMCj—Jan
- .. do Nat Bank,
do N Y
General mtge for $10,500,000 (now gold) s f._F c* 527
1888
0,472,000
A
S
500
Ac
4g
Gallatin
Montgom Dlv
1stgold
M $4,000,000
g(Vcall
66 pat1045)
.Ce.c* 189 1897 f 1,000 4,000,000 5 2 F A A Feb 1 1947
Gallatin
Nat.
Bank,
NY
Collateral
trust
($2,500,000)
par__d.o*
1 .0 0 0
1900
2.498.000
4
g
May
1
1930
«,1—F
Guaranty
TrustA Co,
St
Louis
& Cairo 1st M gold Interest guar_______ c
500
Ac
A
J
161
1886
4,000,000
4
g
T
"
1
1931
Farmers
Loan
Tr,
NN YY
Mobile
Aand
B Shcoll1sttr M
$200,000
assumed
gold.-F.c*
38 1911
1899 600 &c 1,200,000
200,000 55 gg FM AAA15N May 1 1949
First
Nat
Bk,
Mobile,
Ala
1st
term
M
$1,200,000
g
due
$60,000
s-a.
15 1021
1,000 250,000 6 g M A S To
Mobile Terminal & Ry—1st M $500,000 g red 105___
1910
SeptFeb1 1935
.Mobile and New York
They areona orfirstbefore
lien Nov.
at once
on of165$43,025,000
miles of first
main
track andbonds,
after They will be pledged under Mo. Pac. "flrst A refunding” mtge. V.
retirement
I 1920
of3,779
the
underlying
p. 1349, 1543.
on
at
least
3,079
miles
of
the
present
mileage
of
miles
by
a
direct
EARNINGS.—8
mortgage
on
1,712
miles
thereof,
and
deposit
of
at
least
$38,441,000
of
a
July 1 to Feb. mos
28. 11910-11...Gross,
1909-10...Gross, $19,209,796
17,729,825; net,
net. $6,220,350
6,156.637
total
limited
to
$43,219,000
bonds
secured
by
flrst
mortgage
on
1,367
miles.
REPORT.—For
1909-10
In
V.
91,
p.
1706
No underlying bonds In hands of public can be extended.
Y e a rs e n d in g J u n e 20—
1909-10.
1908-09.
1907-08.
3,288
2,609
2 ,5 9 9
Miles operated end of year.................
GENERALRR.
FINANCES.—The
company
on AJune
30Mtn.
1910$7,826,200
owned $2,000,­
Gross earnings.......................................$26,916,891 $23,242,235 $21,793,294
000
pref. stock
stock and
St. Louis
pref. Net
earnings........................................ 9,298,528 7,424,035 6.797,606
and Wabash
$2,826,200 com.
and the
$2,913,200
firstIron
refunding
and extension
Other receipts.......................
571,519
602,597 1,505,557
J?ee
Wabash
RR. Stockholders
In Jan. 1910 subscribedprovide
for $29,­for Total
806,000 debt,
Series
A convertible
“flrst andV. refunding"
8,026,632 4,577.456
8,303,168
floating
Impro’vts
and add’ns.
89, p. 1347;5sV.at90,95,p.to771.
InterestnetonIncome..................................
bonds.............. ..................- 59.870,047
116,301 4,616,952
The mortgage debt upon lines securing the new "flrst and refunding” Taxes, bridge cxpcnses.trentals, Ac.. 1,606,490 1,607,524 1,367,556
mortgage, after the issue of the $29,806,000 Scries A bonds. Including all Dividends.......................................... (6)2,663,467 (4)1,775,645 (5)2,219,556
outstanding underlying bonds, was at rate of about $25,500 per mile Balance, surplus, for year............... $483,789
$138,590
?nAn bonds
exclusive
the Iron
security
to be afforded
by pledge of at least — (V. 89, p. 105, 226; V. 90. p. 504, 850; V. 91, p. 39; V.$26,511
S5j300,000
of St. of
Louis
Mountain
& Southern.
92, p. 528, 726.)
.*®‘*er*
E anyin
1911
new
interests,
Including
Speyer
A
Co.,
John
D.
RockcMOBILE
&
BIRMINGHAM
RR.
—
(S
e
e
M
a
p
S
o
u
th
e
r
n
R
y
.)—Mobile
to
B*air795,
A Co.
MarlonMarch
Junction,
Ala.,
withyears,
branches,
150 agreeing
miles. Leased
totho
Southern
Ry.
462, 726,
1109.and the Deutsche Bank entered the board. V. 92, p. from
1
1899
for
99
tho
latter
to
meet
Interest
on
and 2%
to guarantee
a year.
dividend
onfortho
pref.4%stock
of 1%year
for
EARNINGS.—8
__Gross, $35,928,244;
first thereafter.
year,
for Ofsecond
3% common
third$900,000
year, and
forIsfourth
July 1 to Feb. mos.,(1910-11
28. 11909-10..Gross,
35,361,653; net,
net, $8,909,531
10,542,800 bonds
and
tho
$900,000
stock,
$893,400
owned
by
ANNUAL
REPORT.—Fiscal
year
ends
June
30.
Report
for
year
ending
June
30 1910
In ofV. earnings
91, p. 1705.
Annual
meeting
Is held at St. Louis In Southern Ry., and voting power on pref. assigned to Southern Ry. during
March.
Report
of
Missouri
Pacific
S y s te m have been as below, lease. V. 68. p. 429, 1134: V. 69. p. 391: V. 71. p. 1013.—(V. 72, p. 137.)
lochmlng
predecessor
companies
of pre ent
Mo. Pac.
priorand
to Aug.
1909. MOBILE JACKSON & KANSAS CITY.—See New Orl. Mob. A Chicago.
‘Other Income"
In 1909-10
Includes:
Wabash
1st ref.
ext. 9mtge.,
MOBILE
& OHIO
RR.
(S e e M a p S o u th e r n R y .)—Owns from Mobile.
$116,520; Pacific Express JCo., $384,000:1909-10.
Denver & 1908-09.
Rio Gr., $490,250,
to Columbus.
Ky.,branches
472— m.,
Kentucky
Tcnn.
RR.
1907-08.Ac. toAla.,
hast
Cairo,
19
m.;
toproprietary
Columbus,lino.
Miss.,
Ac.. 34Ara.;
Columbus,
Miles
operated,
average___________
6,775
6,489
6,479
Miss.,
to
Montgomery,
Ala.,
167
m.;
Mobile
A
Bay
Shore
Branch,
m.;
Total earnings.................
$53,010,137 $46,385,543 $44,238,703 with Warrior Branch, 9 m.; Warrior South. Ry. (all stock and 38bonds
Net
earnings
...........................
15,471,765
12,459,030
12,592,415
owned),
Tidewater.
Ala.,
to
Kellcrman,
14
m.;
Blocton
Branch,
13
m.;
total
Other income, Ac................................. 1,893,731 1.694,043 2 ,875,298 owned. 766 m.; St. Louis A Cairo (leased), Cairo to St. L., 152 m. with br.
to Millstadt, 7 m.; trackage, 189 m.; total June 30 1910, 1,114 m.
Total net
$14,153,073 $15,467,713
_ DIVIDENDS.—1898, 1 %; 1903,2%; June 1904, 2%; 1905,6%; 1906.
Interest
andIncome________________$17,365,496
rentals.....................
° K % ; 1907, 5%; 1908, 4%; 1909, June, 2 % % ; 1910, June, 4% (from
Taxes---------------------------- --------- $10,789,722
1,903,004 $9,380,307
1,715,758 $9,145,189
1,644,057 earnings
of fiscal year 1909-10). V. 90, p. 1614.
Sundry
accounts...................................
1,913,358
1,992,499
1,692
751
In 1909
the $5,670,200
Southern Rv.thehad
acquiredstock,
$8,126,000
of the $9,472,000
Dividends............................................... ...........
........... 1,935,210 general
4s
and
$6,070,600
for dollar.
Its collateral
trust 4% goldof bonds
In exchange
for Issuing,
the M. dollar
A O. general
4s.
Balance,
surplus........*2,750,411
*1,004,509
*1.050,506
by
a
pledge
of
the
latter
and
also
stock
trust
certificates
for stock,
Pres., Benjamin F. Bush; See. and Treas., A. H. Calef, 165 B'way N Y secured
dividends
being
payable
(A
A
O)
at
4%
In
perpetuity
thereafter.
Directors
GeorgeE.J.D Gouhl
James
Speyer,
H. I. Miller!
STOCK.—Stock authorized, $10,000,000; outstanding, $6,070,600; par,
Fdaar
I,. Marston,
Adams.(Chairman),
Edwin Gould,
Edward
T. Jcirery,
Fred. $100.
The voting
power onby$4,984,200
of the stock
exercised byof the
0. Gates, Klngdon Gould, New Yorlt; E. I), Pryor, S. F. Pryor. St. Louis, eral
mortgage
bondholders
vlrtuo of deposit
of oldIsdebentures
1879.gen­
Mod
«•
Lancaster
Williams,
Baltimore,
Md.
N.
Y.
office,
105
B’way!
BONDS.—Under
tho
gen eral m ortgage of 1888 there can be no foreclosure
—■ (V. 92, p. 882, 1109.)
till four coupons are in default. Mortgage abstract, V. 47, p. 83. V. 60.
p. 967.notes
Int.dated
on $4,000,000
AbyCairo
4s IsAguaranteed.
The 5%
tnO
T H R M DR Y.—(See
S 1 p/ ' c ifM ' acp .)SYSTEM—ST.
LOUIS
IRON MOUNTAIN
& equip,
SOUTHERN
—Owns
St.
Louis
to
Texarkana,
Tex.
Line
Oct.
1 1907St.trust
areLouis
guar,
Am.Car
Fdy.Co.
V. Issuable
8 4 , p. 996.
490
miles;
branches
to
Belmont.
Mo.,
Bird's
Pt..
Mo.
(Cairo),
Camden.
Of
the
$2,500,000
collateral
4s
of
1900,
$2,165,000
were
Ark.,
Helena,
Ark.,
Cushman.
Ark., Arkansas
City,
Ark., Warren,
Ark., exchange for the $6,500,000 St. Louis A Cairo stock. Seo V. 70, p. 532. InIn
Memphis,
lenn..
&o.;
Houston
Central
Arkansas
*
Northern
Ry„
Mo
Ghee,
$6,495,000 stock had been exchanged.
Ark., to Alexandria. La., 262 m.; White River branch, Illinois Division, 1910
First term.byM.collateral
and coll. valued
tr. 5s dated
Feb. 15 1911
($1,200,000):
Memphis
& Louisiana,
West m.
Illinois
Ry., 1,544
at $1,776,094
(V.92.p.
119). all Issued
522 m.: Helena
total owned
July 1 East
1910,&3,130
Trackage,
158m.:m.various,
Total areE qsecured
R
a
te
.
u
ip
m
e
n
t
T
r
u
s
ts
.
O
u
tsta
n
d
in
g
.
M
a
tu
r
e
in
operated
1910, 3,288
m. p. In528.Feb. 1911 leased Cairo & Thebes Ry.. "A" and "B”______ . $998,000 5
To 1019 In sta llm e n ts.
25 miles, July
lor 991 years.
V. 92,
"D,”
1905...............
4
July ‘11-July *15, $34,000s-a
The stockholders voted Feb. 2 1910 to (1 ) purchase the Arkansas Mld- "E.” 1906...............__ _ 456.000
Sept.
’1l-Mch.'lO,
'?'“!•
,L!f,tle.
R0CoSt..&,Louis
H?t,Springs
Western,
tittle &Rock
Junction,
Pino 1907, guar (V. 84,p .996)
5
i) 646,000
O
ct.'11-Oct.
*14, $46,000
part s-as-a
Blutr
&
Western,
Watkins
&
Gull,
Arkansas
Louisiana
and
other
Joint
equip,
notes,
1902.
4
To
Dec.
15
1012
38,000
controlled roads;
thoanauthorized
stockImprovement
from * 1 3 0 ,gold
0 0 0 .0 0 0 to
19 10 -1 1.. ..Gross, $7,342,145; net, $2,140,210
*190,000,000,
and(2)(3)Increase
authorize
Issue
of 5%
bonds EARNINGS.—8
limited
to
$25,000,000,
to
bo
deposited,
as
Issued,
under
the
Mo.
July 1 to Feb. 28m /119
09 -1 0.. ..Gross, 6,926,555; net, 2,107,531
and improvement” bond Issue described above. V. 89, p. 1 5 4 3Pac.
. "first REPORT—R
eporter
1909-10In
V.91,1009-10.
p. 1156 (operated
Owns
$23,668,000
of
the
$24,984,756
Texas
A
Pacific
seconds
exchanged
Y e a rs e n d in g J u n e 30—
1008-09.Independently)
1907-08.
for 65% in gold 4s. See "Bonds” below.
Total
operating
revenue.......................$10,636,733
$9,727,727
9 ,6 6 3 ,7 9 1
STOCK.—Stock authorized, $190,000,000; Increased from $130,000,­ Net over ta x e s.................................. 2,902,902 2,865,076 $2,541,322
000
In
July
1910;
outstanding,
$44,396,573,
of
which
$44,336,600
June
Net,
Including
other
Income________
3,132,7
82
3,068,584
2 ,7 1 5 , 7 7 2
30 1910 owned by Missouri Pacific. See below.
2,580,195 (5)301,030
2,631,146 (4)240,824
2 ,2 4 9 852
Interest,
Ac.............
Dividendsrentals,
p a id ...................................
(4)242,824
DIVIDEND.—Since
1901;10;1902
to 1904,
10% yearly.
1905, 7;6%.fiscal Additions
and betterments------------28,432
19.446 1 5 0 ,6 0 6
year
1905-06. 14; 1906-07.
1907-08,
5; 1908-09,
4; 1909-10,
Balance, surplus............................... $281,331 $ 1 1 6 , 9 6 2
$7 4 ,4 0 0
BONDS.—General
consolidated
mortgage
Is for $45,000,000.
Nos.
11,001
toand
18,000
Inclusive
areofendorsed
with
the
Missouri
Pacific
guaranty
of —(V. 90, p. 503, 1614; V. 91, p. 1026, 1156; V. 02, p. 118, 396, 462.)
principal
Interest;
form
guaranty
was
In
V.56,
p.
650;
they
area
first
,
TERMINAL
&
RY.—Owns
24
acres
fronting
700
feet
on
Mobile
lienTheon gold
1,5384smiles.
(V.(first
68,Issue
p. 85.$30,000,000)
233, 520; V.may
78,bep. Increased
704, 1224.)not over
J?£rbor*
Stock
$500,000;
par $100.outstanding,
The 1st gold
6s of 1910
of
1899
($500,000
auth.
Issue),
of
which
$250,000
are
guaranteed,
$10,000,000.
at $12,000
per mile, forThey
construction
or acquisition
and equip­
Alabama
A Northern and91,Tomblgbeo
ment of branches
and extensions.
are secured
by a lien (subject
only P.rIf}- and
RRs.Int.,V.by91,the
p. 717.
Pres.,Tennessee
John T. Cochrane.—(V.
p. 717.)
to the general consols) on all tho railroads, terminals and equipment of the Valley
MOHAWK
&
At
ALONE
RR.—
(See
M
a
p
s
N
e
w
Y o rk C e n tr a l.) —Owns from
company
owned
at
the
time
of
tho
making
thereof
and
also
a
first
and
only
Herkimer,
N.
Y..
to
Malone,
with
branches,
182
miles
In
all.
lien
on allIndenture,
stocks andallbonds
formerly
embraced
trustbonds
of the and
goldstocks
fund­ HISTORY, LEASE, Ao.—Now York Central owns the $5,000,000 stock,
ing uote
leased
and branch
lines,In orthotheir
on whichwasdividends
of $10,000,000
4% yearly are
paid.
In authorized,
1902 a now oflease
In peracquired
by
the
loan,
and
$23,668,000
Texas
A
Pacific
seconds,
future
exten­
petulty
madetoand
3 >4tho
%
consols
which
$2.­
sions,
Ac.
(V.
68,
n.
619;
V.
70.
p.
997;
V.
74.
p.
206;
V.
78,
p.
704,
1224.)
500,000
reserved
retire
at
maturity
flrst
mtge.
bonds
and
$3,600,000
There are also $37,905 flrst pref. 7% Income bonds dated 1879.
for Improvements and enlargements.—(V. 74, p. 630, 830, 937.)
The
original
$20,000,000
River
A
Gulf
Divisions
4s
of
1903
were
secured by a first lien on 678 miles of road built or under construction (sec "AlONON.”—See CHICAGO INDIANAPOLIS A LOUISVILLE RY.
above)
terminal
at InSt.Illinois,
Louis, and
Eastdeposit
St. Louis,
MONONGAHELA
Jet.,Virginia
37 miles,A
Thebes, and
and on
8,000
acres ofproperty
coal lands
of theCairo
bondsandof connecting
with the RR.—Brownsville,
Pittsburgh A Lake Pa.,
Erie toandRedstone
Pittsburgh
l } /: o t Memphis. Additional bonds may be Issued up to a total cnarleston (Penn. syat. lines), which guarantee tho bonds (see table above),
of $50,000,000 at not over $30,000 per mile of main line for new construc­ prin. and Int. by endorsement. Stock, $1,428,000; par, $100. Penn. RR.
tionactual
and $15,000
performile
of secondterminals,
track andequipment,
branches, double
but nottracks,
exceeding
and
A Lake
Eric each
$714,000Year
stock.ending
The Dec.
Penn.31RR.1910.
on
the
cost,600,
and
additional
Ac.
Jan. Pittsburgh
1 1911 owned
$654,000
of own
tho bonds.
V.
7(fTp.
543.
1085;
V.
77.
p.
1875,
application
to
list,
V.
77,
p.
gross,
$1,456,087;
net,
lncl.
other
Income,
$694,840;
charges,
$264,594.
2036, 2049; see also V. 85, p . 222: V. 86. p. 230; V. 87. p. 167: V. 89, p. 105. MONTANA WYOMING A SOUTHERN RR.—Owns from Brldger, Mont.,
V. 90, Improvement
p. 850' V. 91,4sp.of39.1909Pine
Bluff A West. 5s,Issue),
see V.of78,
p. 103,
769. on Northern Pacific, to Belfry and westerly to Bear Creek, about 33 miles,
which
$5,300,­
a coal district;
to Clark's
m. Issued
Stock
000Thewere
Issued at once, will ($25,000,000
be used for auth.
improvements,
additions,
Ao. serving
outstanding,*^l
000,000.also OfBrldger,
tho 1stMont.,
gold 5s,
$900,000Ford,
have30been



d

. .

. . .




90

RAILW AY STOCKS A N D BONDS.

R A IL R O A D C O M P A N IE S
[F or a b b re v ia tio n s, Ac., see no tes o n fir s t -page]
Moh & Mai—1st M $15,000 p m g gu p A I (cnd).K

M ile s D a te
R oad Bonds

c*
Consolidated mortgage $10,000,000 gold__G.c*Ar 182
Monongahela
RR—First
M
$1,500,000
Joint
guaranty
”37
Monongahela
River &RR—Bonds—See
B &110O tcxt_.c*
RR
Montana
Wyoming
Sou—1st
M
g
red
Montgomery & Erie Ry—1st M (old 7s extended ln’86) 33
Morelia
A Tacambaro—First
MMgold
text) -Usm.c*
"55
Morgan’s
La & Texas—First
(N O(see
to gold______F
Morg
C)_F.c* 102
First
mortgage
Alexandria
Extension
157
General mortgage_______________________
jp 204
Morris
&mtge
Essex—Stock
7% under
guaranteed
D L & Ba
W.I"
First
guaranteed
lease___
cAr
Cons M (for $25,000,000) guar D L & W Us.c* Ar 119
First
ref M gold
$35,000,000
guar pA l(end)-F c* Ar 119
119
Real estate
mortgage
bonds_________________
Morris & Essex Extension stock guaranteed"4%
Morristown & Erie—First M $300,000 g s f red at r>ar
Mt
Carbon & Portmortgage
C RR-Stock
(rental guar) text
Munising—First
gold_____
Muscatine North & South—1st M $1 ,o"o’o"OOO’auth"” 38
MuskegonTerminal—1st
Grand! RaoidsA
Indiana—First
Mutual
M gold
s I red 102Mgold-te
H G c* 37
Narragansett
Pier
RR—First
mortgage
JIOO.OOO
Nashua & Lowell -Stock »% rental 02 years
II A M' . 8"155
Nashville
Chattanooga
& St Louis—Stock
First mortgage (tor *6,800,000).
c ’ &r
340
Er Irst
Jgf mortgage
m o ° w ,,^ et£e
Tanud McMBranch______
bra (*#.00o'p m jlo '&c*r 125
on
Lebanon
29
P Irst mortgage on Jasper Branch___ cJfcv
43
f*
”
5.
1^®rtga?,e
°°
Centrevllle
Branch"gofd~~Ce.c*
Ar
46
1st A1 Tracy Cy Br due $20,000 yly; rem 1917_c* Ar 20
Cons mtge
i$ 2 0 .0 0 0 .0 0 0 ) $2 0 ,0 0 0 p ra gold.-.Us.c* 803
Nashville
& Decatur—Stock guar 7 M% by L A N
e Florence & Sheffield—See Louisville A Nash Vllle119
iS5™,,,emortgage
Terminal—First mtgeauthorized...........
gold Int rent red 105.N
New
National
Railways$3,000,000
of Alexico—
Com stock
?75-r290*000
u S4%
g or 150,000,000
pes
First
stk
$30,000,000
toMex
assets)
2d
prefpref
stock
$125,000,000
5% n-c
n-c (also
(also as
as to
assets)

P ar
V a lu e

Am ount
O u tsta n d in g

R a te
%

W h en
P a y a b le

1892
1,000 2.500.000 4 g M
1902
Ac 3.900.000 3H g M
1902 1,0001,000
1.372.000 3H g A
1909
1.000
900.000
1866
1,000
130.000 55 B
1903
1,000
1.200.000
1878
1,000 5.000.
00075g
1880
1,000
1.494.000
1893
1,000 1.000.
00065 g
50
15.000.
000
1864
Ac 5.000.
00077 M
1875 2501,000
11.677.000
1900
1.000 13.600.000 73 H g J
Var
1.800.000
4^
100
221.000
4
1903
1.000
300.000
50 282,350 55g
1566
1,000
160.000
1910
See
text 45 g
1886
1.000
750.000
1904
1,000 3.419.000 45 gg
1896
1,000
70,000
100
800.000 000 4 text
100 1 0 .0 0 0 . See
1873
1.000 6.300.000 6 In71910
1877
1.000
750.000
1877
1.000
300.000 66
1883
1,000
371.000
1883
1.000
376.000
666 gg
1887
1.000
199.000
1888
1,000 7.608.000 5 g
25 3,553,750 7 H
1902
1.000 1.000. 000 5 g J
1909
None Jul ’ 1 0
74.802,466
28,830,200
See text F
124.017,300

[VOL. LXXXXII.
L a st D iv id e n d P la c es W h ere In te re st a n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le

1991
Knickerbocker
Tr Co,NY
AA SS Sept
Mch 111 2002
Grand
Cent
A O Oct
1942
Trcas.
off., Station,
PIttsb., NPa.Y
Sept 1 1939 . Empire Tr Co, N Y
May 1 1926
Goshen, N Y
Jan
11 1918
1943
U S
MtgeATrB’way,
Co.NYNY
Apr
S
July 1 1920 I Pdo Co. 120
do
July 1 1913
do A Western,
do NY
A Jan
May31’ll,
19143 Del Lack
do
do
A June
1
1915
do
do
Dec
1
2000
do
do
1912
do
do
May 1911 2%
do
do
Sept 1 1023
Brooklyn
Trust
Co,Phlla
NY
Jan
15’11,2H%
Reading
Terminal,
Oct
1
1925
American
Trust
Co,
Cleve
Jan 11 1926
1935
July
July
1
1924 Jan 1911 paid when due
Aug
1I ’ll
1916
R I Hospital Tr Co, Prov
May
■ Indian Hd Bank, Nashua
Feb 1 19114H%
3%
New
YorkNat
andBank,
Nashville
July 1 1913
Hanover
Jan
1
1917
Hanover
Nat
Bank,
NN YY
Jan
1917
do
do
Jan 11 1923
do
do
Jan 1 1923
do
do
Jan
do
do
Apr 1912
1 1928to *17
do
do
Jan 1911, 3 *4% Nashville
A J Jan 1 1932
Mercantile Tr Co.StLouls
May 1 1949
A A Feb 10 ’ll 3% Office, 25 Broad St. N Y

^NASHVILLE TERMINAL R R .—Owns brldee across the Cumberland
fHeVa nSS*
P ra * FreSksn GaOnnnon°-(V0 »»,np!’470?'l28i.?a'anC0, 3urplu3' S35''000’’ Cen? rt^T. . vvl/lch omis cntlre^SUOOO^OOO^stocl<^
MONTGOMERYS ERIE RY.— (S ee M a p E r ie R R .)—Owns Montgomery 5s of Cl*902f ^’^m e^ld^^^A ifrV 1911^^
166^.—°(V
^
i
Erle RR*
“t *16.000
ah. NATIONAL RAILWAYS OF MEXICO.— (S ee M a p ) — Comprises««'Ai?0,000,
(44i%
Per|Qnr'1872
l2dPaid
and
Nov.
10.perSink,
S ta n d a r d G au ge —O w n ed .
fund, *0,500
per an. D -n8u
There
are *10.500
M. May
5s duo10 Oot.
1 1927.
L~e a se d —
Laredo
to City of Mexico_____M ile802s . Mexican
Union Ry__________M ile sn.
AIORELIA & TACAMBARO.—See page 160.
Mexico
City
to
Juarez
City___
1,224
BarBarra)...................
extension (Tampico to La 0
MORGAN'S
LOUISIANA
&
TEXAS
RR.
&
STEAMSH
IP
CO.—(See
M a n Mexico to Rio Balsas__
iR2
o f S o iith e rn P a c ific .)—■ 1(0AO.—Owns Algiers to Cheneyvllle, 205 miles* Clntura. &c., lines (3-ralftrack)
i*cMnC^e3'i449 m.; extensions to Port Allen, La., Ac.. 53 in., opened late In Chlcalote to Tampico________ 4006 CoahuIIa Coal Ry...........24
to Monterey and Gomez 540 Total standard gauge______ 5 ,8 0 1
lines and°fOT?eS? foe™
’ 24 m*: total rallroad "«<*. 40 > m.; steamship Tampico
Palaclo____________
N a rro w G au ge— O w ned .
Eagle
Pass,
Tex.,
r>l,?RmAreo- n II5 ^ 'T ^ n e S»°kPaC* Co*owns al1 o t the *15.000.000 stock,
of toMexico
to Uruapan,
Ac. 318
Diaz
via and'ciuuad
Torreon to 54() City
mi90oVo906V06- S % : ln 1906‘07' 10%: ln 1907-08, 25%; In 1008-00. 4%. Porflrlo
Mexico
Berlstaln
A branches
Durango.......................
Other
branches__________
_ 152
12
EARNINGS.—8
mos.,
(1910-11-----Gross,
*3,546,310:
net,
*
1 ,2 6 1 ,7 3 4
Branch—Irapuato
to
Aracca"
’
"
2 17
L
e
a
se
d
—
July 1 to Feb. -8. 11909-10-----Gross. 3.377,503; net. 1,253.100
Guadalajara
to Manzanillo 2 2**o1 MIchoacan A Pacific Ry., Ma*
San
Juan
Jet.
to
Jaral
si
*
if
*
o
CirisCad
n*F
9unc
*0
1910,
gross,
$4,012,573;
net,
incl.
other
Income,
ravatlo to Zltacuaro_______ 57
*l,6o0,406; surplus over charges. *872,042.—(V. 76, p. 543.)
Vanegas
Matchuala__...........
Rincon totoPozos...
......... 4^1 Total Incl. ln earnings_____ 6,340
'"O
RRIS*
ESSEX
RR.(S e e M o d o f D ela w a re L a c k a w a n n a A W e ste rn .) Monterey
to
Matamoros..IT
2
0
4
r O « f t otV1,m, 4,0Hoboken,
N. 34
J.. to Phllllpshurg,
N. J.,
miles;157branch,
Gonzalestoto Rosario.....................
Acambaro.
N. J.,
leasesLackawanna
38 miles:
total&85oper.,
miles
tro lled — E a r n in g s se p a ra te
q* C o n(see
LEASED Inhoken.
perpetuity
to miles;
Delaware
Western,
which Jimenez
se p a ra te sta te m 't fo r each)
Other
branches.
Ac.........* "]* 0(iy
ni3v
I?P3i
a
,!.a
>
1
08
arid
guarantees
7%
per
annum
on
stock:
1%
extra
Is
Intcroc.
Ry. (Incl. Mex. Sou.,
Payable
In
the
event
of
30%
of
gross
earnings
being
sufficient
to
pay
all
292
miles)..........................
1,020
C o n tro lled — S e c u r itie s O w ned
nxe<l charges and 10% on outstanding stock.
C o n tro l A c q u ire d in 1910—
Texas
Mexican
Ry.,
Corpus
tr<ir'
3
Hs.see
V.
70.P.
480.477:
V.
71.p.
1107:V.
74,p.1308.
Pan-American
H
R
....................
N|!rY ',Im p o rta n t to D. L. A VV. with terminal facilities on N. Y. Chrlstl to Laredo, Tex., Ac le* Vera Cruz A Isthmus............... 284
263
?iansnrhnntiithiei eaJIn)ne3i
a deficit after payment of rental (Including Grand total (of which 1,468 narrow gauge).......................................
**888,526,
888 5?2 o”?n Vnnae sase ™Z
/L
InJ
2
08i,S789*564;
ln
1007
•
*761.034:
ln
1906.
ln 1005, *585,394: ln 1004, *673,172.—(V. 74. p.1308; V.82.P.805)
grS s^A ^O T ^im ^blaa ma v Ze8d6,i narSi823o18208 undcr sPccla' Aot of Con'
axso1
J!'?hlRInL0
RR.—Owns
J.. toJune
Whlppany
's'*sr."n9,'^ ' VN & 84°0.000;
par, Morristown.
*100. 6 mos.N.end.
30 1009,
*Ewan,
3 9 ,8 .1 8 . net. *18,127: Int., *8,538; bal., sur., *0,589. Pres., R w Mc- Mexican ?n ternatlonal h^v^blen^cJJted bydeeTs one?'u” Cefn,hal and
11 B way, N. Y.—(V. 77, p. 51 i .)
r?teh
» ^ ,V?'is?n
NT C'iR,,
*2d,P.0RT
CARBON
RR.-Owns
Mt. Carbon
toLeased
Port s!L‘hi
o f fh i JT iIcf',’.u w StLck^ftbe
fop5L,50i0Nyears
.totra,Phlla.
c,^l,2*4?
tRead.
,T!*: total
track,
15.40
miles.
Pan-American RR. V. 91, p . 589' AnniiPfl'tiTn
?,lVi;K U1 u,°
Mch.
o
1860
for
A
In
1010
re
leased
to
Phlla
Reading for 00 years from March 5 at 5% on the stock. V. 80, p. 4 2A. erties, new !securities, Ac., V . 88? p. 1318. 1 1 t# dcscr,b,nff prop­
.MUSCATINE
NORTH & SOUTH
la., to Nov
^Kingston
43.6
miles,toofM.
which
Elrlck RY.—Muscatine,
Jet. to Kingston, opened
loio’ au?^orl^J*sSokAv^°.fUMO^So?OOTi ^'t^'nraferrJrt Ofssnlf7«*2-n0’®90’000
Successor
N. A14S.m.,H from
R ., foreclosed Deo. 1009. V. 80 p 1050 To* aad,eta ^ es?o f ^th e'n ew ^^n S T m tg efF jn d a^^^?78^ ^ ^ ^ * 190^ 7*9®*9®*1
beInextended
from
to Burlington,
la. Stock,
oar * 1 0 0
June
filedKingston
aV.*1,000,000
mtge. to German
Trust*450.000*
Co. ot uaveuporc,
Davenport*
Iowa,
as 1910
trustee.
00, p. 1677.
For year ending June 30 1010, gross, *07,236; oper. exp.. Incl all Imnrs
*66.022Muscatine,
Pres., CIla.—(V.
um. Howard.
Treas. and Aud., George
Reeder’ The amounts of
In,mcd,al‘i,y Issuable
Office.
00, p. p.See.,
1077.)
verge rtetuer
Exchange has ^grce'ifto llst"as
^fils.T r J ° rl<r i?tO0k
MUSKEGON GRAND RAPIDS & INDIANA RR.—See page 16 9
[The amounts actually Usfed^re S & & 2 b i ? i f io'5 of’
MUTUAL TERMINAL CO. OE BUFFALO.—See page 169.
'
Prior
Lien
Bonds
($225,000,000
authorized)
—
,to NASHUA
LOWELL
RR.—Owns
Lowell
Mass
Nashua. N.A H..
16 miles.
On Oct.double-track
1 1880 leasedroad
forfrom
00 years
to Boston
soTAar«recA’s?AI , <ix<: *_^ r. A^ - f ,0,0 c:b? ? I1?:J1b 1* * 78 •o ii •o nn
i
c
»'
,,
l
n„L887
cas<)
was
transferred
to
Boston
A
Maine
,
wifi
eh
navs
a rental of *73,000
(0%
on
stock),and
In
Apr.
1011
received
authority
?0P
yS
purin Nov. 100683,to p.1010
* mu- A^^jto^ooolooo A t.CUR°/notesaAmil*000*' 7'3001000
latcd cash surplus—(V.
070;Incl.,
V. 85,>$%p. extra
1005.)was paid from accu
Th? rremea D e rqoUfPth8r8iw h ? & *o^'^jas^OMTOO0^.“ r e ^ e d ’400'? S|2
CHATTANOOGA
& ST.Ky..
LOUIS
RY.—
(S ee M a p )—Owns
Chattanooga.
Tenn..
to
Hickman,
320
m.:
branches
to
Lebaiion
s
a
s s s i f H
S
Ao.. 610 m.; leases Western A Atlantic. Chattanooga. Tenn to Atlanta*
2S.*V13*7.m" J 1,'!1 i1™1l>hl3 & Paducah Division of the L. A N. 254 miles'
^O lt'rvi i ’ljA T in n—' 8^4,
?°fal °P<;rated July 1 1010. 1 .2 3 0 miles.
*
rhPrX?,A
A F2ior*ty of the stock (*7,177.600) Is owned bv
yhldh
*3.501,500 Is pledged under Its mtges West* •
or*. i cn bonds
be subject to call after Jan. 1 1917 At 104 In
* DIVS
i*
°f„?,K?T|a tm Deo*27 1B11> *420*012 yeM y . to reurc the e n llr e ^ s s ^ y m a ^ r lty ^ * cumulatlv0 8lnli*f««d sufficient
SlneeYsor*
?,9' 03p °4*
’»»■ *0»*
1011.3
aincc
1894 — J a°i* 4f t y? ly* ' None
4 *05*
5 '00*
5 '°7*
6 5M
5 '10.
6 Feb.,
^onsol. mtge. of 1888 provided that all prior bonds should he
° JJointly
o h i t l v \v ltm f '* M m?c n ^ of tt|e $20,000 d. m. are reserved to r them.
T° Mcjt* Gov’t on account of guaranty*" ~Ao
2 *4 6 0 ‘non
^ith75,Lou.
& Nash,$11,000
guarantees
& N . Ter. 4 s. See
L. & N., V.
p. 1354,
Aetna$2,500,000
I. M , M. L.& O.
6s, V. 77, 2390
Betfnrmnn0t00'000i Nat' ffj? " notcs <fue Apr.’OO 4is0o’,000
The
remahid'er
o?ther»iVthnrt?<I
H
l.
P
'
obl,?*>
*°8
. 1 *s.025—*60.761,000
J u W t ^ ^ 08-----SrOSS’
net, $2,0.59,605
lows* (1?
S24 7 4 o'ooho to re?ir^d l83.110 *10I>.000.000
Is reserved as fola^T,*T^rl t0 1 Cb' 28'
11909-10---Gross, 58,148,606:
7,611,259; net,
2,125,830 consol
4 s* (2 |4 i 740 ,600n0 nno^retire outstanding National RR. of Mexico first
X te d In V,( 86. p 1320? 0 1 9 eatensl0b3. additions and Improvements as
190?010°0W“ Vio°Ol8 .P* - * 1007.
thJothe*l)ondseo
m ?consol
d }e°rli:Ss3Ufoat
d<!ltlo“al
portmaturity
p a ssu with
eaual
amount
of^he
m .°a6,ta>
e "O oforbondsretireMexican
atranking
or before
an
N et*earnlngsAl o.............51
i 'I's} «! t l ?-788'
*25? «12-??8'.472
2,556,153
2,508,310
The
general
mtge
hond°s
'Jm
bo.nds
the
International
RR.
Investments,
i::::'' 3 *?oo*o«
’ 5 ? 7 3 7 ^ i2 ’^, 7 re
18,658
18,400
Hlreof equip .rentals, Ac. 30U487
261*700
than *1K0.000,000 Ifter April 1 102e73l'VieOt to Cii‘'t ? p?,r in a™'nnts not less
291,983
Deduct—me...................*8.550.149 “33, 049,602" $2,866,794 $2,526,710 F|a‘tVp s bk,d* lundfwhfoh Is to^re^H^entlro fs^j^notffator than°1^77?m
_ .
$1,189,360
$1,167,871
R e n t " . ^ , ^ : : 31'62^ ’§?«5 *'-m.002
626,518
626,607
626,460
Miscellaneous.................
80 000
46,000
56,000
26,000 rempar?y???sAPre?arato'
Dlv
on
sto
ck
...............
(8)500;070
^n^
3
asideViy'tlie
(5)499,232(5 H)550.000 (6)600,000
Additions to property.,
83,252 ___
83,115
155.036
guarant^d gen?enu?re?e|Mnds.0or9sufnclen?procee^i11thereof.*ad *l,20^,<)09
Balance,
surplus.........
$959,625
Pres., John W. Thomas Jr.: V.-p $653,795 $289,790 $106,379 ^ClMimbleebirpart
•.
For Mex Cent nexcha*ng?fo?
, chanp ,for Mex. Cent. bds.*41,416,234
E. C. Lewis.—(V. 89. p. 718*;*V. bo,‘p.’ 167; V. oTltnh:7wal8T5ar °' B°ard’ Account
o
f'lY
at^Ii40t^
t
*59.127.100),
1 0 0 % 50,127,100
Of the Mexican Tm'c™ M.exlc? s to c k ............. 24,456.060—*125,000.000
p w M SfremILN M hvlllefTcifnU,R to 'D^afur'
S r
fM exre?slo?,
T?.°nnSnoCon301.^ and
t2,*497*l)ll()
were In Jan.
1005
Ixju. A Nash. In 1000 for 909 years, the rentMb’e ln'A’u:!?5',,,,R?.o"!u?Se^
th ° reserved
IssueNatlmal
of consols
.*l?'.0.°cJ!?r
mll°
Improvements.
The
Lou. A Nash. July I 1010 owned *1,970,600 of^the stockf-(V 70?Pi’l l 05.) by
RRis otMmnitcHt
SI.?*000*,>0n*
ot prln.
and total
Int.
y National HR.
Mexicoto under
agreementTheof guaranty
Juno 30 1002
starapod
on



A p r ., 1911.]




RAILW AY STO CKS A N D BONDS.

91

92

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[F o r a b b re v ia tio n s, & c ., see n o te s o n fir s t page]
National R ailw ay s of Mexico— (C o n c lu d e d ) .—

M ile s D a le
R oad B onds

Par
V a lu e

A m ount
O u tsta n d in g

R a te
%

W hen
P a y a b le

[VOL. LX X X X II.
L a st D iv id e n d P la c es W h e re In te re st a n d
D iv id e n d s a re P a y a b le
a n d M a tu r ity

Prl lien Mmtge
(JSg redgold
105redeem
beg *17 par
(see (text)
text) _Ce.xc*Ar*
1907 5, £ Ac 584,796,415
1057
Office 25 Broad St, N Y
General
guar.Nxc^
50,732,225 4414g g JA AA OJ July
1007
5.500
£ Ac
Oct 11 1977
do
do
Nat. HR of MexU Sprior
lien M gold
call 105___
Un.c
1,284
1901
23,000,000
A J Oct 1 1926
Ac
4 >4 g J
do
do
First consol
M 560,000,000
goldIncluding
(see text)-Ce.c*
1,534 1901 500 Ac 24,740,000
4 g JA AA O July
Oct
1
1951
do
do
Mexican
Central—First
mortgage
scrip__
(7)
4
38,347
1881
1,000
1
1911
J
Boston
London
and
. . .
Priority bondsmortgage
gold redeemable
1,405,000 45 gg JJ AA J July 1 1939
1889
1,000
do
do
Consolidated
532,000 atp m110________
goldBB.c*Ar 3,407
1889
1,000 3.661,000
J July t 1011
do
do
First
cons
Inc
A
scrip
n-cuni
(50,600
p
m)
g.AB.C*
3,407
31
1 ,700
1889
July
10
1,000
3 g
Jan
10
1939
e
j)ald
2d cons !nc(50,400 p m)red 50%to Aug 1929AB.C* 3,407 1889
30.000
3
1,000
Jan
10
1039
Registered
Income bonds
scrip unassentcd--r ____ 1881
11,200 3
1,000 1,356,604
July 1 July 1 1011
do
Car
and locomotive
rentaland
notes______________
Equipment 5s 550,000 redeemable yearly at par_
300.000
5
g
A A O Apr 1 1917
1897
1,000
do Int(550,000
yearly
par) redred
102 H par_
beg ’lO.OB.c*
1899
1.000 450,000 4K
* g g AM AA O Oct 1 1919
do
do
Mex
lien
£1,200,000
Un.xc*Ar 615 1897
n o o Ac 5,850,000
S Sept 1 1047
First
consPrior
M 510,000,000
gold not atguar__Mp.xc*Ar
705,500
M A S Sept 1 1077
866
4
g
1897
*500
dec
do
g.
guar
stamp
sub)
to
call
at
95
to
Men
1907
6,501,000
M
8 6 6 1897
4 g
A s Sept 1 1077
500 Ac
do
Naugatuck—See Hew York New Haven A Hartford
Novada-California-Oregon—First
mtgelnc51,500,000
g 184 1899
583,000
1 ,000
M A N May 1 1010
5 g
Moran
Bros, New York
Nevada
Central—1st
M
gold
non-cum
(sink
fd).Ce
750,000 5 g J A J July 2 1938
1 .0 0 0
94 1888
1H % paid Feb 1909
New England—See New York New Haven A Hartford
New Jersey
Haven & Northampton—See
New York New Ha ven A Hartfo rd
New
1,700,000 4 F A A Feb 1 1088
1 .0 0 0
5 1886
N Y Central A Hud River
New
Jersey &Junction—First
New York—SeeM guar
Erie $4,000,000.G.cAr
RR Co
200,000
5
New
Jersey
&
Pennsylvania—1st
M
5200,000
red
105.
1 ,000
25
1907
J A D June 1 1927
New London Northern—Stock_____ _____________
100
1,500,000 9
Apr 1911. 2 h%
First mortgage.............................................. Ba.c* Ar* 121
121 1910 1,000 Ac 1,500,000
44 g J J —A T J July
1 1940 '
75,000
West
River
llrst
mortgage
guaranteed
prln
and
Int.
35
1905
J
A
D 1990
1 .000 2 .0 0 0 ,0 0 0
New Mexico Cent—S Fe Cent 1st M 52,500.000 g PPic* 117 1001
S g J A D Dec 1 1941
New Orleans
Mexico Ry
& Coal—See
El PasoMAgold---K,c*Ar
Northeastern
Ac 8,075,300
7.500.000 Sg F A A Aug 1 1955
New
(ireat
Northern—First
Knlck. Tr. Co., N. Y.
New Orl Mobile
& Chic—Com
stk 525,000 per mlle_. 241 1905 1.000 1100
00 2 ,0 0 0 ,0 0 0
Preferred
stock
6%
55,000,000
(55.000
per
mile)..
1 ,0 0 0 12,046,500
First
mortgage 530,000,000 (530,000 per mile)___ 402
1910
A J Jan 1 1000
100 6,000.000 OMln5 g’10 J Yearly
196 1885
New
O r l e a n s & North E a s t e r n —Stock 56,000,000----Sept
1910 614
1.000
196
Prior
lien
mortgage
gold__________________
Ce.c*
1.320,000
6
g
A
A
Nov 51 1915
OJ Jan
General mortgage 58,000,000 gold...............-..E.c* 196 1902
1.000
5,862.000
A
J
1
1952
414
g
1 ,0 0 0
Income
mortgage
(non-cum)
51,500,000
gold__N r. 196 1006
1902
M % gold (If July 1 1952
1.000 1,500,000
Equipment
notes gold
due 539,000
semi-annually.
. . .
156,000 Up to4
Oct 'lt-A
1903 1,000 Ac 14.000,000
New Orleans Term—1st M 515,000.000 g gu__S.c* Ar* —
44 )4
g t JA AA OJ July
l 1953pr ’13 !
56,501,000
of thePrior
consols
the Nat.
of Mexico.
V. 75, p. 185.
lienhas
4J4s,beensee,assumed
V. 05, by
p. 151,
1071.Rys.Consol.
4s of
1897 listed on N. Y. Stock Exch. Feb. 1898. See application In V. 66,p,341.
GENERAL FINANCES.—In May 1908 the readjustment managers
sold
513,750,000
prior Hen
4 Ms at
94% and in June4s1909
524,000,000
95%,
In June
bankers.at
V. 86.and
p. 1344;
V. 1908
87, p.they
38; sold
V. 86,529.500,000
p. 918, 982;general
V. 88. p.to52,French
231, 1438.)
EARNINGS.—8 mos.,/ 1910-11. . .Gross, 542,453,303; net, 517,103,492
July 1 to Feb. 28. 11009-10__Gross, 38,242,794; net, 14,713,872
,1441,
fFfEP?JiT*T'Rcport
Year ending
Junoconvertible
30 1910 wasinto
In V.
p. 1382,
1452,onshowing
InforMexican
currency,
U. 91,
S. currency
at 50 cents
the dollar;
M e x ic a n C u rre n c y —
1908-09.
Gross
earnings............................................................ 1909-10. 548,805,522
Operating expenses.................................................... 552,562,293
31,593,557 29,166,893
-N e t earnings............................................................520,968,736
Other
Income.............................................................. 1,188,536 519,638,629
1,386,094
522,157,272
m
Total.......................................................................
521,024,722
Taxes
and rentals....................
5 4 1 3 ,0 6 8
5335,986
Adjustments,
rentals, Ac.
187,891 1.105,250
Depreciation reserve........................
..
980,000
1.340,400
Reserve on
to repair
ilood damages__
._ 1,000.000 16,975*944
Interest
______
.... 16,739,744
Transfer
to bonds,
reserve Ac____
fund_________
141,828
63.357
•Dividends on 1st preferred shares.
*(4)2,306,632 (2)1,153,316
Total deductions..................................................
Balance, surplus----------------------------------------521,769.163
5388,109 520,974.253
550,469

Thisstockholders,
Includes 1%making
paid Nov.
10 1910
from earnings of 1909-10,as auth.
by *the
4% for
the year.
Chairman
of
Board,
Lie.
Jose
Ives
Lie.
Pablo Macedo: Chairman New York LocalLlmantour;
Board, H.Vice-Chairman,
Clay Pierce; Pres.,
E. N. Brown. N. Y. office, 25 Broad St.—(V. 92, p. 59, 595.)
N EV A D A-CA LIFO RN IA-O REO O N R Y.—(3 /(. g a u g e .)— Reno, Nev., to
Alturas,
Cal.,
m., Likely
of which
Madelinecompleted
to Likely,Deo.
20 ’08.
m., Extension
opened Oct.
1907,
and
20 m.,184
from
to Alturas,
pro­1
posed
58
miles
to
Lakevlew,
Ore.,
of
which
20
m.,
to
a
point
near
the
south
end
of Goose Cal.,
Lake,37to miles,
be builtwas
In 1910-11.
Sierra Valleys
RR.,30Plumas
to
Mohawk,
acquired
atThe
foreclosure
sale
Jan.
1909,
the
stock
of
new
co.
to
be
owned,
V.
88,
p.
452.
Stock,
com.,
$1,450,000;
pref.,
5750,000,
all
out.
After
5%
on
com.,
both
stocks
share
pro
rata.
Dlv.
on nref.
Aug. 1906,
3%; 1%,
Aug.paid
1907,Aug.
4%;1909
Aug.and
19081%to Aug.
1910, 1910.
5% each.
Dividend
on common
stock,
Report for year
1909-10 was
In V. Int.,
91, p.taxes,
865, Ac.,
showing,
gross,
5447,857;
net,
553,791;
dlv.
pref
(5%),5229,252;
$37,500;other
dlv. income,
on com. $13,114;
(1%), $14,500;
Impts., $101,009;
bal.,onsurp.,
335,566. Pres., D. C. Moran, 68 William St., N. Y.—(V. 91, p. 865.)
NEVADA COUNTY NARROW GAUGE RR.—See page 169.
N EW JE R S E Y JU N CTIO N R R . —Terminal road through Jersey City,
Hoboken
VVeehawken.which
aboutguarantees
5 miles. bonds
Leasedandforowns
100 years
fromstock.
June
30
1886 toand
N. Y.Central,
5100,000
„ n ew JE R S E Y & N EW YORK R R .— Owns from Erie Jet., N. J., to
Garnervllle,
N.Ac..Y.,1429m.;miles;
branches
to48New
City, Erie
Ac., RR.
5 m.;Inoperates
to
Haverstraw,
total
operated,
miles.
April Con­
1896
purchased
control.
Stock,
$1,440,800
com.,
5787,800
pref.;
par,
$100.
trol
Is with
stock and
1st mtge.maturing
till 6 % has
paidwere
on pref.
for three
years.
Thepref.
5400,000
6% bonds
Maybeen
1 1910
extended
30
years
at
5%.
V.
90,
p.
914.
Year
1908-09,
gross,
5634,552;
net,
$193,567;
other Inc., $2,243; Int., rentals, Ac.. 5181,657; bal., $14,154.—(V.90,p.914.)
NEW JERSEY & PENNSYLVANIA RR.—See page 169.
NEW LONDON N O RTHERN R R . —Owns from New London, Conn., via
Vt..99toyears
SouthfromLondonderry,
158 miles.
•isBrattlcboro,
LEASED
for
Dec. a1small
1891 Vt..
tosurplus
Central
Vermont.
The
5213,552
perannum.
which
leaves
after
providing
for rental
Inter­
est, Ac., and 9% dividends. Taxes and Improvements
met by lessee.
In
Issued
$1,500,000
4s
to
refund
bonds
due.
V.
90,
p.
1677.
DIVIDENDS.—
1888
to
April
1892,
7%
yearly,
then
8%
yearly
to
1893,
and since to Apr. 1911 (IncL). 2M% quar. (9% per an.).—V. 90. p. 1677.
NEW MEXICO CENTRAL RR.—See page 169.
N W O RLEA N S IT. JA C K SO N & G RA N D ISLE R R .— V. 92, p. 527w O RLEA N S G REAT N O RTH ERN R R .— Owns N ew Orleans.
La., to Jackson, Miss., 1 8 2 miles, with branches, RIo, La., to Tylertown,
Miss.,
41 m.; Slidell, La.,
Folsom, from
La., Ac.,
m., making
a total
278
miles
29 m.totrackage
New 55Orleans
to Slidell,
La.,of and
other operated,
trackage. mol.
13 miles.
Stock, 57.500,000.
mtge. is for $10,000,000 auth. V. 81. p. 841. Equip,
scr.First
A, $475,000.
^ * trust bonds,
EARNINGS.—8
mos.,M910l
i
..........
Gross,
$1,115,752;
net.
July 1tor
to Feb.
net, $413,194
340.928
Report
year 28.
ending llooo-lo_____Cross,
Juno 30 1910, In V. 92, 922,230;
p. 183, showed,
cross,
31,497,649: net, *589,904; taxes, *14,400; other Income. *170,272; Int. on
bonds, *399,479; other charges, *153,248; bal., sur., *193,109.
Goodyear;
I. Miller;
2dOFFICERS.—Pres.,
V.-P., C. I. James: Charles
Sec. andW.Trcas.,
F. A. 1st
Lehr;V.-P.,
Gen. II.Mgr.,
N. O.
Pearsal.—(V. 88, p. 1197; V. 90, p. 373; V. 92, p. 183.)
N EW O LEANS M OBILE & CHICAGO R R .— Operates:
R oad—
M ile * . I R o a d —
M iles.
Mobile,
Al ..Miss.,
to Middleton,
Tcnn.3971
Flllsvlllo. Jet.
Beaumont
to Hattiesburg.
271Other
. . to Elllsvllle, Miss..
. 3 7
" <’
80-lb. and 302 m. 70 lb steel), Incl Gulf & Chicago...404



ORGANIZATION.—Successor
Deo.and
1 1909
per
plan V. 85, p. 1577; V. 87,
p.Aug.
1694,
to1909.
MobileV.Jackson
A529,
Kan9t9.
C’y
Gulf
& Chicago, sold In foreclosure
23
89,
p.
It
Is
proposed
to extend
tne system to the Ohio River on the north anil to New eventually
Orleans on the
south.
A syndicate formed by the Interests now In control agreed to assurno
the
floating
debt
of
the
old
companies,
aggregating
*1,534,262.
accept­
ing as security *1,534.293 In bonds and *153,426 In new pref. stock.
Miscellaneous car trusts June 30 1910, *137,719.
aro also
Mol).Trust
Jackson
1st 50-yr.
goldThere
5s, duo
Junooutstanding
1946: Int. J.*36,000
& D.; old
Central
Co.,&N.K.Y.,C. trustee.
net, *516,111
EARNINGS.—8
11910-11........Gross. *1,236,307;
July 1 to Feb. mos.,
28. U900-10........Gross,
1,127,301; net,
418,137
REPORT.—’Report
for
year
ending
June
30
1910
showed:
Total operat­
ing
revenue,
*1.711.709;
net,
*643,553;
Int.,
taxes,
&o.,
*613,996;
bal.,
sur., 529,557. In 1908-09, gross, *1,525,833: net, *502,104.
OFFICERS.—Pres..
Geo.
W. Crary, Mobile, L.Ala.S. Berg. 49 Wall St.. N. Y.: Sco. and Treas..
Directors.—Brayton
IvesE.(Chairman),
I..W.S. K.
Berg,
Chas. of
K. New
Beekman,
Geo. R.McLeod,
Sheldon,Pittsburgh:
Frederic
Fried andB. R.Scamlrctt,
Anderson
York;
John
Richard
Pittsburgh:
Wm.
C.
Sproul,
Chester,
Pa.;
S.
Wexler,
New
Orleans,
and
Edmund
K.
Stalin.
New York.—(V. 00. p. 167.)
, N E W O R L E A N S & N OR TH E A S T E R N R R . — New Orleans, La„ to Me r­
idian,
Miss., 196 miles.
*6,000.000 (par *100). of which *5,320.000
and
4 « i&Stock,
and
Ala. *5,195,000
New Orleansgen.
Texas
Pac.*1,500,000
Jet. Ry. Incomes were held In Jan. 1910 by
In 19021905,
per 3plan
In V. 74. p. 681. Dividend on stock 1903
andReorganized
1904, 3% each:
H % : 1906,5%; 1907,6%; 1908. 4%: 1909,
Sept..
5%;
1910,
Sept.,
6
4$%.
thellrst
gen.mtge.
4 Ms, *1,472,000
are reserved
tofuture
retireneeds.
the remaining
priornotes
lienOt
Equipment
otand1906,
V. 82. p.bonds
087. and *760,000 for
........ Gross,
Gross, *2,411,282;
net, *780,323
EARNINGS.—8
July 1 to Feb. 28.m os.,/1010-11
U909-10_____
2,258.244; net,
704,792
Report for 1909-10, V. 91, p. 1323.
Y r . e n d . J u n e 30.
G ro ss.
N e t.
O lh. I n c . I n t . , A c . B a la n c e .
.....................53,443,102
*503,960
*670,311
1908-09---------- 3,035.088 *1,074,092
843,164 *100,184
00,615
481,026452,753
palddlv.
Of0ti%
(*390,000)
In
1909-10,
against
5%
1*300.000) In 1908-00.—(V. 89, p. 779. 1223, 1594: V. 91, p. 717, 1101, 1323.)
m N E W O R L E A N S T E R M I N A L CO . —Owns extensive terminal property at
g®’'.PI*ranclsco
Jlea.ns and
belt railroad
city,July
leased
to the
St. covering
Louis &
oan
andaSouth.
Ry. foraround
99 yearsthefrom
1 190.1,
rental
all
expenses
of
operations,
maintenance,
taxes
and
Interest.
Southern
Ry.
and
,St.(55,000,000
Louis A San
Francisco
each own
half of the
52,000,000
outstanding
stock
auth.),
and
jointly
guarantee
the
bonds.
V.
86.
p.
721:
V. 88, p. 564; V. 92, p. 660. Pres., I). I). Curran. See V. 79, p. 1466
V. 81, p. 155;V. 83. p. 272; V. 86. p. 721; V.88. p. 564; V. 92. p.GOO, 1031.
W P O R T & R I C H F O R D R R . —Owns from Newport, Vt., to Canadian
lineN Enear
No. Troy, 22 miles. Leased for 99 years from June 8 1 8 8 1 to
Montreal A Atlantic Ry., In turn operated by Canadian Paclllo Ry.; rental
518,000 a year. Stock. $350,000, mostly owned by Connecticut A Passumpslc
(Boston
Maine system),
guarantees
new
$350,000 Rivers
1st 5s, RR.
principal
and AInterest.
V. 91, p.which
1026.—(V.
91, p the
. 1026.)
N E W Y O R K B A Y R R . —Owns from Kearney Junction, N. J. , to a point
4,184east
feetof east
of Waverly
Station,
near Newark,
and from apiers,
pointon4,037
feet
Waverly
Station
to the
bulkhead
lino atmiles;
Greenville
New
York
Bay,
10.98
miles,
with
3
brauches,
2.59
total,
13.57
miles.
Stock,
56.000.000,
all
owned
by
Pennsylvania
RR.
In
1908
made
a
mtge.
to secure $6,000,000
bonds,982.—(V.
of which86,Penn.
RR. 982.)
Dec. 31 1910 owned 53,­
310.000.
V. 80, p. 920,
p. 920.
N E W Y O R K B R O O K L Y N & M A N H A T T A N B E A C H R Y . — Owns from
Fresh Pond Junction to Manhattan Beach (Coney Island), and branches
**,(*geto the
and Long
Greenpolnt,
15 Co.,
miles.whichLeased
for 99 years
from
Oct.
1 1885
Island
RR.
owns majority
of stock.
Rental,
Interest
on bonds
and
5% on
pref. stock.
Common
stock, $350,000.
L. I.Interest
HR. liasInattached
bonds
unconditional
and
additiontotothe
facts
as toItslease.—(V.
83. guaranty
p. 1348.)of principal
N E W Y O R K C E N T . A H U D . R I V E R R R . — [See M i p s . p p . 0 6 . 07.)
L in e s o w ned.
pera ted U n d e r C o n tra ct (C o n cl.) —
New
York to Buffalo------------M ile441s St.O Lawrence
A Adirondack*.. 66
Proprietary lines __________ 3
6
____
L in e s le ise d . (*Sce this co.)
Total
in
earnings...................3,785
...............................
479
West
Shore*
C o n tro lled — O p era ted S e p a ra te ly .
Troy
A° Greenbush*
' A^ Pt._______
ShoreCentral*..............
A Mich. Southern*.
Spuyten
Duyvll
M.*__
56 Lake
Michigan
........11,663
740
New
York
A
Harlem*______
137
Lake
E.
Alliance
A
Wheeling..
88
New Jersey Junction*.............
5
N.
Y.
Chic.
A
St.
Lou
s
R
R
.*..
Rome
Watertown
A Ogden*..‘" {„624
Lake Erie A Western*. ......... ] 523
Mohawk
A Malone*..........
3 3 Northern Ohio*......................... J 886
Carthage
AAAdirondack*__II"
"Big Four”
System*...................2
New
Putnam*______ “ 3459593 Chicago
Indiana
A Southern*__ 334
353
BostonYork
A Albany*_______
Cincinnati
Northern*_______
248
New
York
A Ottawa*.........
1 2 6 Dunkirk All. Val. A P itts.*...
91
Geneva
Corning
A
Southern
"
* 23 2 Pitts. A Lake Erie system "__
191
Beech Creek RR.*.......... ......II 1 9 5 Rutland RR............................. 468
Beech
Creek Extension RR.", i 3 Q Little Falls A Dolgcvlllc_____
14
etc.*.......................................J
Kalamazoo
A Saginaw 55
Wallklll Valley............................. 3 3 Chicago
Detroit
A
Charlevoix_______
44
O p era ted U n d er C o n tra ct —
Terminal Ry. of Buffalo*____ 1 1 Indiana Harbor Belt________ 100
Total Jan. 1911. less 161 m. duplicated (338 miles 4-tracked)...........12,430
^n?hIi??»H0,3n
Lak0 13
i^rIe.i&
p,tt,sljurgh Ry., completed
from Lorain.
O..
southeast
to Berea,
miles,
Cleveland
Youngs­
town, making
about 120
milesandIn toall.bo extended
V. 83, p. to1037;
V. 92, and
P 1109.

A pr .,

1911.]

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[F or a b b re v ia tio n s, A c ., see no tes o n fir s t page]

M ile s D a te
R oad B onds

Par
V a lu e

A m ount
O u tsta n d in g

R a te

%

W hen
P a y a b le

93
L a st D iv id e n d P la c es W h ere In te re st a n d
D iv id e n d s are P a u a b le
a n d M a tu r ity

New
Orleans
Texas & Mexico—See
St g,Louis
A SanSBFr.
Safe
Dep AATr
Co, Bos
$350,000 5 g J A J Jan 11 1941
$1,000 3.840.000
22 1911
Newport
& Richford—1st
M $350,000
gu CAP
ox
1948
New York
Philadelphia
Ac 650,000 45 g AJ AA OJ Jan
14 1908 1.000 100
New
York
Bay
—First
mortgage
$0,000,000
gold--OP
Apr
1911
2H%
Checks
mailed
15
N First
Y Bklyn
&
Manhattan
Beach—Prcf
stock
non-cum.
U S Mtge
Tr Co. NN YY
A O Oct
1.726.000 5 g A —J
1,000
15 1885
cons M (now 1st M) gold guar by L I___ Cc.c*
Apr 1511 1935
1911 1 yx Grand
CentAStation,
100 222,720,300 See text
N Refunding
Y Cent & Hud
River—Stock
($250,000,000
auth) -Tr
1997
do
do ,
89.000,000 3M g JF Q AA AJ July
Ac
1897 1.000
mortgage
$100,000,000
gold__Cc.c’
Ar
855
Feb 11 1998
1998
do
do
90.578.400
3H
Ac
1898 1.000
Coll trust g ($100,000,000) Lake Shore stk._G.c*Ar
do
do
19,336,44
3H gg FM AA NA Feb
1.000
Ac
1898
do do ($21,550,000) Mich Cent stock______ G
May 1 1959
do
do
See text
1909 1.000
Mtge on
Corn DA &SouP $10,000,000
gold-Fxc
1 2000
1959
do
do
33HV4gg JJ AA D.1 June
1.000 Ac
Ac
1909
Mtge
on Gen
Spuyten
M $20,000,000
gold___ArCe
July
1
do
do
1 bond
1900
Debentures
(V
69,
p
1102;
V.
71.
p
502,
964)___
May
1
1934
do
do
A
M
N
4
g
1.000
Ac
1904
Debentures $50,000,000 gold___ _______ Us.c*Ar*
N Y, Paris.and.London
4M e M A S Mch 1 1914
1911
Gold notes $30,000,000 authorized____________
New
Central Lines—
Guaranty
Co,
5 g M A N Nov 11911-1922
1.000 Ac
&c 24.000,
1907 1.000
JointYork
800, 914)__Gc*Ar
920)-G.c*Ar
1912-1925
doCentTrust
do tNN YY
28,000
< <1 4M g J A J Jan
1910
doeq trdog $2,000,000
$2,000,000an(V86,
an. (Vp90,p
Mch
1
1911
3%
Grand
Station,
14.000.
See
text
March
100
N Y C h i c a g o & St L o u i s — C o m m o n s t o c k ........................
A S Mch 1 *11 2^%
( text M
See
100 11.000,
do
fio
2d pref stock (5% non-cum)_________________
text AM AA s Oct
Mch I1’ll19372H%
5.000. 1 Sec
do
do
100
First
preferred
(5%
non-cumulatlve)....................
19,057,1
Union
Trust
Co,
N Y
4
g
0
1,000
1887
First
mortgage
sink fund gold_____
not drawn.Gx.c'&r*
_Ce.c*Ar 505 1906
M AA N May
May 11 1946
1931
0 ,000,1
Grand Cent Station,IN Y
1,000 1 1.500.1
4 «
Debenture
bondsgold
$10,000,000
M
N
5 g
50
Church
St,
New
"53 1896 100 Ac
NNew
Y &York
Greenwood
Lake—Prior
lien
M
gu
p
A
l-N.gxc*
text Apr 1 'll 1 H % Grand Cent Station. York
See text See text
50 8.656.1
& Harlem—Common 14%. 10% guaranteed 146
Apr I1'l2000
l \ <A%
1.343.1 Sec • text See
do
do N Y
50 12,000,1
146
P r e f e r r e d stock 14%, 10% g u a r a n t e e d ..................................
A N Apr
May
do
do
35 X g MQ—
Ac 10 , 000,1
136 1897 1.000 100
Refunding mtge (now first) $12,000,000 g _G.c*Ar 214
1911 1 H Del Lack A Western, NY
N First
Y Lackawanna
Western—Stock
5% (end) -­ 214 1880
Jan 11 1921
6 J AA J J Aug
12,000,(
do
do
1,000
mortgage &guar
by Del Lack Aguar
Western._F.c*
1
1923
5
F
A
do
do
5.000,
(
1.000
214
1883
Construction
guar by Dguar
L &nWA(end)
do
do
1 4 M A N May 1 1923
1.000 5.000.
Third
M Termmortgage
Imp ($5,000,000)
1 (end)- F.c*
- -F 214 1890
New
York
Lake
Erie
&
Western—Sec
Erie
RR
Liberty
Nat
Bank
NY
A S Sept 1 1941
4 B tc 5 g M -M
1,000
38 1891
NNew
Y &York
LongNew
Br—Gen
M
(now
1st)
$2,500,000
gCe.c
31 1911 2% Co’s office, New Haven
8 in 1910 QM- A 30S Mch
100
Haven & Hartford—Stock (see text)
Lincoln
Nat
Bank,
Mch
1
1947
3H
A4
1,000
97-’01
Debentures
4s) non-convertible.cAr
do
do N Y
1 1914
4 g AF AA A Feb
1904 6001,000
Deb (for Cent($5,000,000
New Eng) are
g non-conv
(V 78, p 768) .
Second
Nat
Bank,
Apr 1 1954
34 X
O
Ac
1904
Debentures
(for
F
II
A
W)
(V
78,
p
2335)............
Lincoln Nat Bank, NN HY
J A J July 1 1955
1,000
1905
Debentures (for N Y Ont A W) (V 80, p 2458) .c+Ar
N. Y. CENTRAL A HUDSON RIVER RR —(Concluded.)
In Jan. 19U9 was authorized to purchase tne $989,000 spuyton Iiuyvel A
Port
stocka atnewnotlease
overof$230
per Corning
$100 share.
In Morris
1909 made
Geneva
A So. V,V.88.88,p.p.375,
823,823.
1128.
In March 1910 the Lake Shore A Michigan Southern acquired the greater
part of the Toledo A Ohio Central stock and all the stock and bonds of the
Zanesville A Western and Jointly with the Chesapeake A Ohio, a majority of
theInKanawha
Michigan
stock.ShoreV.RR.
90, was
p. 771.
April 1911Amerger
of West
contemplated. V. 92,p.956.
In Feb. 1911 sold to the N. Y. N. II. A II. a half Interest In the majority
holdings of Rutland RR. prcf. stock. V. 92, p. 527.
HISTORY, Ac.—Control of the Lake Shore and Michigan Central roads
wasIn acquired
as stated
below.
V. 71,wasp. made
502; V.with
78, p.the48.Western
Jan. under
1910In a1898,
99-year
traffic
agreement
Maryland
which
that
company
Is
building
an
87-mIlc
connecting lino
with the Pittsburgh A Lake Erie. V. 90, p. 237.
Since
1906
the
allied
lines,
with
the
exception
of
the
N.
A St. Louis, arc known as the "New York Central Lines.’’ V. 81,Y.p.Chicago
1792.
STOCK.—Dlvs.
on stock
reg. In London
payable
49Hid. on
to the
$
Stockholders
subscribed
for $44,097,300
newaie
stock
at par,atpayable
or be­
fore
Jan.
20
1910,
raising
the
amount
outstanding
to
$222,729,300,
the
pro­
ceeds to be used to retire $21,966,615 of the $25,000,000 5% notes maturing
Feb. 1 1910; remainder for additions and Improvements. V. 89, p. 1223,
1411. 1542, 1668; V. 90,p. 705.
DIVIDENDS.! ’05. *96-98. *99. *00 to ’06. *07. *08. *09. ’10. 1911.
Since 1894.%/ 4)4 4 yearly. 4 5 yearly. 6 5)4 5 5 X Below
In 1910, Jan., I \ i % \ April, \ X % \ July, I Y j % ; Oct., 1 >4%: 1911,
Jan., 1 M % ; April, 1 >4%. V. 92. p. 660.
BONDS.—R e f. m o rtg ag e Is for $100,000,000, of which $73,346 000 was
Issued
to retire
$70,377,000
bonds for
andnew
$11,654,000
for general
remainder
($15,000,000)
wasold
reserved
construction,
of whichpurposes,
$4.000,000 sold Feb. 1909. V. 77, p. 452; V. 86. p. 1043, 1101; V. 88, p. 506.
Collateral
trust
3^8
of
1898
are
secured
by
deposit
of
stock
of
the
Lake
Shore
A AMichigan
Southern
and$200
Michigan
Central
RIls.ofatMich.
the rate
ofstock
$100
of
L.
S.
M.
S.
stock
for
each
of
bonds
and
$100
Cent,
forIneach
$115
of
bonds
outstanding.
Sec
V.
66,
p.
288,
336,
760,
811.
1904sold
$50,000,000
4% $13,000,000
debentures were
authorized,
000
were
In 1904 toand
In 4%
1908.
On Jan.ofbonds
13which
1910of$30,000,­
the1934
com­
pany
was
authorized
Issue
$5,000,000
debenture
payment for $5,000,000 Geneva Corning A Southern 1st pref. stock.
V.In
00, p. 168; V. 92, p. 462. They arc to be secured by any new mortgages,
but
existing
mtges.
may
be extended.
V.V.78,78,p.p.1907,
1962,
V.720.
79,
p. In1335,
2148;
V.a 86,
p.mtge.
1013,
1101,
1467;
415,
614; V.2384;
92,to p.secure
1909
made
new
on
the
Geneva
Corning
A
.Southern
an authorized
of not exceeding
bonds
4% In­
terest,
to retireIssue
outstanding
bonds and$10,000,000
for extensions
and bearing
improvements,
of
which
$600,000
authorized
to
be
Issued
In
March
1911;
not
yet
Issued,
April 1911.
V. 88,
p. 1128;
89, p. 287: V.of92,
p. 462.
726. Also
the
Spuyten
Duyvll
A Port
MorrisV. $20,000,000,
which
$2,500,000
3J4Sonhave
been
Issued,
mostly
to
refund
Indebtedness
to
N.
Y.
Cent.
V.
89.
p.
105,
287.
In March 1911
$30,000,000
4 H%and
goldInnotes
were soldzone,
to continue
construction
at Grand
Central3-ycar
Terminal,
the electric
provide
3d
and
4th
tracks
on
the
Hudson
division,
new
passenger
and
freight
ties at Utica and Rochester, and other lmpts. V. 92, p. 462. 660, 726, facili­
1109.
As to equipment trusts of 1907 and 1910, sec "N. Y. Cent. Lines” below.
GUARANTIES.—The
company
guarantees
the
securities
of
Its
leased
lines to a considerable
aggregate—seeIt separate
statement for each company
In
of mileage
3 Hathefortable
$1,000,000
duepreceding.
Feb. 1923. also guarantees Western Transit Co.
GENERAL
FINANCES.—The
refunding
of$1,475,000.
old bonds was completed In
1905;
annual
saving
In Interest
charges
aboutfrom
In
Jan.
1907
the
dividend
rate
was
raised
to 6%and(but
again
reducedto
to
5%In InApril
April1011),
1008 and
restored
to 6% Inrates
Aprilon51910,
again
reduced
5%
and
the
dividend
the
Lake
Shore
and
the
Michigan Central from 8 to 12% and 4 to 6%, respectively, Increasing the
Income of the Central from Its holdings of the stocks of the two companies
$2,147,754Central
yearly.stocks,
Jan. and
1908 In2%March
extra1910
was and
paid 1911
on the6%Lake
and
Michigan
extraShore
on Lake
Shore
stock.
V.
83,
p.
1411;
V.
85,
p.
1577;
V.
90,
p.
627.
The company Intends to spend In 1910 about $4 2 ,0 0 0 ,0 0 0 for Improve­
ments
$38,000,000
subsequently
for Improvements
V. 88, and
p. 624,
1254; V. 89,
p. 104, 1223;
V. 91. p. 1026. In progress Oct. 1910.
In
Feb.
1911
$30,000,000
3-ycar
4J^%
were sold.
V. 92, p.above.
462,
726, 1109. As to sale of $44,097,300 stocknotes
In 1909-10,
see "Stock”
In
April
1911
arranged
to
give
the
N.
Y.
N.
II.
A
Hartford
rights
to
op­
erate
partabove
of the the
Boston
Albany,
the NewAlAbnny
Haven tounder
takethe
one-half
the netover
profits
rentalA due
the Boston
lease. of
In 1902-03 control
of and
the Lake
Reading
Co. was
acquired
by
Balt.p. 48.
A Ohio
(Pennsylvania
Interests)
Shore.
V. 76,
p. 101;
V. 78,
In
July
1910
the
Oregon
Short
Lino
(Union
Pacific
system)
owned
$17,­
857,125 N. Y. Central stock V. 84, p. 52, 571; V. 89. p. 411.
The
New
York
State
Railways
Co.
(see
“
Electric
Railway
Section”)
the company’s trolley ally, owning or controlling some 634 miles of electricIs
railway InofN.1 Y. State
(compare
87, p.York
544).StateIn Rys.
July 1910
an initial
dividend
was paid
on theV. New
common
stock
and 1 X % on Mohawk Valley Co. stock. V. 90, p. 1296.
EARNINGS.—2 mos.,/1911.......... Gross. $14,900,865; net, $2,309,417
Jan. 1 to Feb. 28. 11010.......... Gross. 14,428,388; net, 3,390,982
ANNUAL REPORT.—Report for year ending Deo. 31 1910 was given
at length In V. 92, p. 791, 800. Sec also editorial, p. 769.
C o m b in e d R e s u lts O F A L L I E D L I N E S . (Compare V. 90, p 910. 886.)
Y e a r e n d . D e c. 31—
1909.
1908.
D ec.
Miles
operated____ ______
12,430
12,283 In c . o r +147
Operating
revenues........................
$236,941,707
$207,019,025
+$29,922,682
Operating
Income.......................... 20,418,087
69,601,901 51,869.626
Other
income..................................
19,806,909 +17,732,275
+611,178
Gross corporate Income_____ $90,019,988 $71,676,535 +$18,343,453



1909.
1908.
I n c . or D ec.
Charges........................................... $47,174,341 $46,471,577 +$702,764
New
equip,
and
additions.........
1,923,157
4,705,548
Dividends............................
20.242.978 18,291,860 —2,782,391
+1,951,118
Balance, surplus.......................$20,679,512 $2,207,550 +$18,471,962
R E P O R T O F N E W Y O R K C E N T R A L A H U D S O N R IV E R R R
Y e a r e n d in g D ec. H I—
1910.
1909.
1908.
Miles operated......................................
3,785 $93,171,860
3,782 $83,927,354
3,781
Railroad
revenues_________
$99,908,478
Operating Income (after taxes)...........$21,012,787 $24,349,498 $18,521,084
Other Income.................................... .. 15.446,333 11,392,859 12,611,996
Gross corporatelines..........................
Income__________$36,459,120 $35,742,357
$31,133,080
Rentals
Interest ofon leased
bonds. Ac____________ $10,058,291
9,242,868. $9,943,577
9,854,522 $9,708,045
9.681,540
Hire ofrents
equipment,
Including Interest 1,602,654
1,508,632
2,060,139
Other
and
miscellaneous_____
1,266,635
740,205
607,479
Dividends___________________ (6%) 13.363,758 (5)8,931,600 (5)8,931,600
Balance, surplus...............................
$924,914
$4,763,820
$144,276
President,
William
C. Brown;
Chairman,
Chaunccy
M. Dcpew;3
Vice­
Presidents,
Alfred
II.
Smith,
John
Carstensen,
Chas.
F.
Daly
and
IralPlace;
Trcas.,
E.
L.
Rossltcr;
Sec.,
Dwight
W.
Pardee.
Directors
(AprilB911),
W. K. Vanderbilt, F. W. Vanderbilt, C. M. Depew, J. Pierpont Morgan,
William
Rockefeller,
William
Newman,Jas.Marvin
Hughltt, Wm. C.
Brown,
Geo.
F. Baker,
George S.H.Bowdoln,
bl't
Jr. and
Lewis
Cass Lcdyard.—(V.
92, p. 800, Stillman,
956, 1109.)W. K.JVandcrNEW
YORK CENTRAL
LINES—The
Y. Central
Linesto equip.trusta
of
1907
($30,000,000
total Issue)
mature N.
$2,000,000
yearly
Nov. 1922,
and
the
$30,000,000
\ XA % “equipment trust of 1910” $2,000,000 yearly to
Jan. 1925. They will cover engines, passenger cars and freight cars used
by various lines of the system, which Jointly and severally agree to pay
principal and Interest, the larger part being for N. Y. Central and Lake
Shore—(V. 90, p. 977, 1677; V. 91, p. 1447, 1630; V. 92, p. 801.)
NEW YORK CHICAGO & ST. LOUIS RR.— [See M a p o f N e w Y o r k C e n ­
tra l A H u d so n R iv e r .) —Owns from Buffalo, N. Y.. to Illinois State Line, ex­
cept
8 ra. leased bet. Dunkirk and Sliver Creek, leaving 494 ra.; leases the
proprietary
line, Chic.
A State
Line RR.,
Statetotal,
line 512
to Grand
Crossing,in
10 m.; also leases
Dunkirk
to Silver
Creek,111.8 m.;
m.; trackage
Buffalo.
N.
Y..
1
X m., and Gr. Cross’g, Chic., 111. (Lake Sh. RR.). 9 m.
STOCK.—Lake Shore A Michigan Southern owns $6,240,000 common,
$6,275,000on2dthepreferred
and common
$2,503,000
1stallpreferred
Afteralike.
5%
dividends
$14,000,000
stock,
classes
ofstock.
stock*09.share
DIVS.
(since
1899)—
*00.
*01.
*02.
to
*06.
*07.
*08.
1910.
First preferred______________
Below.
Second preferred____________ 5__ 52 35 yearly.
yearly. 54 55 55
Below.
Common................................................................None------------------- Mch.,3
In 1910,
and 2d prcf., Mch., 5% (annual); Sept., 2 H%; dlvs. here­
after
to be on
paid1stsemi-annually.
BONDS.—Amount
fundat for
first mtge.
bonds $100,000
(so long
as the bonds could bosink,
bought
or below
102) decreased
the amount
out­
standing
from
$20,000,000
to
$19,057,000.
See
mtge.
abstract.
V.
45. p.
541.
The
$10,000,000
debenture
4s
sold
for
equipment.
Ac.,
will
be
secured
by any new mtge. V. 82, p. 693; V. 86. p. 1344; V. 88, p. 1062. On
Feb. 8 $673,268.
1910 made V.
4%90,5-ycar
costing
p. 772.equipment agreement covering equipment
EARNINGS.—2
mos.,/1911..............Gross,
$1,718,273;
net.
Jan. 1 to Feb. 28. for 11910_______Gross,
1,745,748;
net, $339,261
REPORT.—Report
1910
was
In
V.
92,
p.
1024.
Principally
a572,275
freight
line,Y e afreight
In
1910
contributing
$9,275,437
out
of
$11,238,877.
r e n d in g D e c. 31—
19 10 .
1909.
1908.
Railroad
Operatingrevenues.................................$11,238,877
Income...................................$3,038,550 $10,076,206
$2,995,867 $9,221,456
$2,390,837
Other Income......................................... 280,339
260,040
92,662
Gross corporate Income.....................$3,318,889 $3,255,907 $2,483,499
Interest on bonds.................. . ............$1,168,950 $1,175,286
$974,115
Hire of
equipment,
other (5%)...........
rents, A c.. 800,000
290,115
377,141 800,000
521,475
DIv.
on
1st
and
2d
prcf.
800,000
Dlv. on common stock (3%)_______ 420,000
420,000
.........
Balance,
surplus........
.....................
$639,824
$483,479
$187,908
Pres., Wm. H. Cannlff.—(V. 90. p. 972; V. 91. p. 154; V. 92. p. 1024.)
NEWfrom
YORK
& City,
GREENWOOD
LAKE RYLake.
,— [See M a p o f E r ie R R .) —
Owns
Jersey
N. J., to Greenwood
m.. and N.branches
to
Rlngwood,
Ac.,
8
m.:
Watchung
Ry.,
Forest
HillLeased
to39Orange.
J.,for4 999
m.:
total
owned,
51
m.
Stock,
$100,000;
par,
$50.
to
Erie
RR.
years
bonds are V.guaranteed,
Erie. from
Sec May
V. 63,1 1896.
p. 513; Prior
form lien
of guaranty,
65, p. 463.prln. and int., by
NEW
YORK
&
HARLEM
RR.—
(S e e N . Y . C e n t A H u d . R U . R R .) —
Owns
N. Y. City toproperty
Chatham,(except
N. Y.,the
136street
m. Also
owns 4th
St. April
RR. 1
LEASE.—The
railroad)
wasAve.
leased
1873
for
401
years
to
tne
N.
Y.
Cent.
A
Hud.
Rlv.
RR.
for
Interest
on
bonds
and
at rate Jan.
of 8%andyearly,
Increased
to 10% through refund­
ing ofdividends
bonds, payable
July. since
V. 70,
d . 740, 1049: V. 71. p. 29 1220
V.
p. 159.
The rental
street railway
wasyearly,
leasedeaual
In July 4%
1896pertoan.Meton stock,
Street
Ry.84,
Co.
999Oct
yrs.;
$400,000
paid
Apr.forand
to Oct. Is1908;
In Apr.
and Oct.to1909
and Apr. 1910 no
dividends
were paid;
special
franchise
assessed
street part
rail­
way, amounting
to over
$800,000,
beingtaxes
unpaid,
but against
settled Inthegreater
In
June
1910;
Oct.
1
1910
and
April
1
1911,
1K%,
dividends
at
same
to
pending
of matter.
62, p. 1088; V. 88, p. rate
749
V. be
90,paid
p. 560,
1614;fullV.adjustment
91, p. 717.—(V.
91, p. V.717.)
YORK LACKAWANNA
& WESTERN RY.—Binghamton to Buf­
faloNEW
and Intcrnat.
Bridge and branches,
214 m., or which the main line, 213
ra..
Is
double
track;
D.
L.
A
W.
has
lease5%for yearly
duration
Oct.
1882, giving a guaranty of the bondsa and
on ofthecharter
stock. from
See form
of guaranty of terminal bonds In V. 67, p. 1357; see also V. 68. p. 283.

94

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[F o r a b b re v ia tio n s, Ac., see no tes o n fir s t page]
Y New Hav & H—(C o n c lu d e d ) —

M ile s D a le
R oad B onds

Par
V a lu e

A m ount
O u ts ta n d in g

R a te

W hen
P a y a b le

[V O L . L X X X X II.
L a s t D iv id e n d P la c e s W h ere In te re st a n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le

N Debentures convertible (see text)--...................c*Ar
1906 $100 Ac $12,858,700 3 H J A Jan 1 1956
Second
Nat
NN YH
Debentures 145,000,000
not convertible
___ . _____
1906
15.000. 000 4 M A May 1 1956
LincolnLondon,
Nat Bank,
Bank,
Debentures
francs ($29,000,000)_____
1907
4
27.985.000
500
frsAc
A
A
Apr
1
1922
Paris,
Ac
Debentures
conv
o*& r
1001,000
Ac 39,029.900 o e J A J Jan 15 1948
N Y P r o v A $39,029,600
Boston gen Mgold
(now
1st)(text)____
g assum__cAr
62 1908
1892
1,000,000 4 g A A Apr 1 1942
New Haven Savings Bk
Housatonlc
con
M
($3,000,000)
g
(assumed)--F
c*
90
1887
2.939.000
1,000
5g
Nov 11 1937
Farmers’
A Tr
NY
NN Eng
cons
(now
1st)
M
$7,500,000
5s
g
gu__Ma.c*
359
1895
1,000 17.500.000 4 g A 5
July
1945
Safe
Dep
AL Tr
Co,Co,
Boston
Y A N E Boston Terra 1st M $1,500,000. AB.cAr
1889
4
1,000
1.500.000
Apr
1
1939
Coup,
office;
reg.
mailed
New Haven A Derby consolidated mortgage___ c* ‘ 1 5 1888
575.000 5
1,000
May 1 1918
New Haven, Conn
Providence
ANorwalk
Springfield
1st
M gold assumed___
o*
28 1892
750.000
1,000
5Ag6
July 11 1920
1922
Lincoln
Nat Bank,
Danbury
A
cons
M
($100,000
are
6s)
c*
36
1880
5
500.000
1,000
July
New
Haven,
Conn N Y
Gen mtge Danbury, Conn, to Wilson Pt. Ac c* 36 1883
1,000
150.000 5
Apr
1
1925
Uc
do
First
ref
mtge
(V
82.
p
210)
gold
assumed._c*Ar
36
1005
350.000
4
g
June
1 1911
1955
do Nat Bank,
do
Harlem
RIv
A
l»
M
(cash
dep
to
pay
prln
June
1911)
1881
12
221.000
4
1,000
June
1
Chemical
Harlem Rlv A Port 1st M gold $15,000,000. Us.c*Ar 12 1904 1.000 Ac 15.000. 000 4 g M A May 1 1954
New Haven,
York Conn N Y
Naugatuck
first mortgage
gold assumed_____
c* Ar
61 1904
2.500.000
1.000
Ac
M
A
4
g
May
1
1954
New
Debentures_______
_________________
_______
1902
234.000 3M
Oct 11 1955
1930
Treas, New Haven, Conn
A Nref
Y Air
Line new Mguar
$5,000.000(assumed)
1905
3.777.000
1.000 3.100.000
44 g
Aug
Seconddo Nat Bank,
NH
NBoston
II
A Nor
M $10,000,000
prln A int_____
1906
June
1
1956
Providence Term 1st M $7,500,000 g assumed.c* Ar
1906 1,000 Ac 4.000. 000 4 g M A Mch 1 1956
Second Nat Bank,doN II
Consolidated
Ry
debentures___________________
See
text
BostonSecRR
Holding
Co pref gstock
100 See text
Prov
Co
deb
$19,911,000
gu$10,000,000
redguaranteed___
105 begredl05
’17_c*
1907
1,000
19.899.000 4 g M A N May 1 1957
New
Eng
Inv
A
S
pf
stk
4%
cum
100
4.000.
0004 J A J Jan 1911 2% New York A New Haven
15-year
funding
gold
notes
guar
prln
A
Int..........
1559
16.250.000
Apr 1 1924
Springfield Ry 4% cum pref stk red 105 guar...........
100
3.387,950 4
A J Jan
’ll.
2%
Conn
Ry ACentral
Ltg 1stWharf
A ref first
M $15,000,000
g s f__Ta.c*
15 5 1
1,000 12,491.378
Jan
1 1951
A
J
4
H :
Trust Co of Amer, N Y
Roxbury
mortgage
gold
notes.290.000
5
g
Sept
1
1912
M
A
S
Bonds of electric roads merged ($5,308,000 are 5s)
Var
9,81)0,000
Various
4.
4M.
1912
to
1051
Other
bds
of
elec
rds
leased
or
contr(Sce
“
EIRySec’"
Var
See text 4 to 6 Various 1014 to 1932
New England Nav Co debentures______________
1905
4.275.000
4
1955
Bonds
of steamship, Ac, companies controlled__
Var
See
text 4M.5A
Various 1912
to 1934
B o n d s o f L e a d in g P r o p r ie ta r y , Ac., L in e s
Holyoke
A Westfield
M (V 92 p 322, 795) gu.c
10 1911
1,000 200.000
A A O Apr 1 1951
Treasurer, N Hav. Conn
Old
Colony—See
that1stcompany.
Providence A Worcester first mortgage currency__
51
1807
1,000
1.500.000
A
A
O
Oct
1
1947
R I Hospmailed
A Tr Co, Prov
NeRefunding
w York Ontario
Western—Common
stock_____Ar
100 : 58,113,982 See text See text Aug 15 1910 2% Checks
(first) Amtge
$20,000,000 gold-.-Me.c*
Text"
18 5 5
1,000
Ac!
20 . 000.
000 4 g M A S June 1 1992
Office.
56
Beaver
St, N Y
Gen
text) c*
.N
1005
1.000
4g
AA DD'Junc
June 1*11-Dec'15
1955
do Trust Co,
do N y
Goldmortgage
notes sec $12,000,000
by 1st M on gold
E H red
C A110
I due(sees-a___
1900
1.0001 20,650.000
. 000.
0005 g
Guaranty
YORK
& LONG
BRANCH
RR.—Perth
Amboy
toforBaya Head,
N.of J..
received
account
to June
30Is 1910.
V. 89,
38NEW
miles.
Operated
under
an agreement
made
In 1888Jointly
period
99 p. 1142, 1223; V.534,741,219
90, p. 1045;
V.3 Ms
91,ofonp.1906.
941. which
The
stock
also being
In­
years
with
Penn.
RR.
and
Cent.
RR.
of
N.
J.,
which
and
severally
by
the
conversion
of
the
was
actively
going
on
guarantee
Interest
and
7 % on the $2,000,000 stock, all owned by Central creased
about $17,139,000 having In Apr. 1911 already been converted.
RR. of N. J. Of the bonds $192,000 are 5s.—(V. 72, p. 438.)
DIVIDENDS.— \ 10
1873-1893.
1895 8to(2%
Mchquarterly).
'll (Inclusive).
NEW YORK
HAVEN
& HARTFORD
Southern New P ercent...................I
yearly. 1894.
9
England
and theNEW
only direct
routes
between NewRR.—Covers
York and Boston.
BONDS.—Harlem
Riverdebt
A Portchcstcr
Dlv. !RR.,
1904, see.
V. 85.’ 1p **•**».
114 3
L in e s O w ned in F e e —
a se d (p a rt O w n e d )—
es.
Under
lease '‘assumed”
-»4s
»■ »of which
of r\\A
Old /’~i---Colony
Junction
near Mass------------------122
N. Y. City Mtoile s . OldL eColony
RR. (which see)__M u619
Springfield,
L in e s L e a se d —
O
u
tsta
n
d
in
g
N
o
tes;
A
ls
o
D
e
b
e
n
tu
res
A
s
s
u
m
e
d
a
s
o
f
J
a
n
.
1011
M
a
tu
Boston, Mass., to Hopewell Jet., Providence and Worcester____ 48 N o te s . A c ., O u tsta n d in o . M a tu r ttu Cous.Ry.tseoV.84 p4114) — r ttu .
N. Y..............................................214 Norw. A Worcester (which see). 72 5-year ----- {300.000 Jan. 1‘12 4% --■
- - 000- July 1'6«
Lines
to Providence.
PlttsUcld, Other lines....................
315 5 year 5% ----- 6,400,000 Jan. 0‘12 4% 1904...{1,255
2,309,000
.Ian. 1'65
1 'SO
Litchfield,
Ac_______________608
Track to N. Y.Clty, Ac.(V.88,p.53) 44 3-ycar 4
_ 2,000,000 M ays'll 4% 1905...
1905...
1.340,000 April
...............2 2 ,0 0 0 ,0 0 0
1912 4% 1906... 2,011,000
Jan. l'B6
Total operated July 1910 (106 ra. has four and 784 m. two tracks)__2,042
S t. III/. D e b e n tu re s. A c ., A s s u m e d —
3-3M-4%'05
Feb. 1'24
1'30
IIartfS t.4% . {165,000 Jan. 1‘30 Farm.
St. 5% 972.000
30,000 July
In April
1908RR.New
England
merged.
8 6 , p. 1043, 1225.
The
Boston
Holding
Co. RR.
(whichwassoc),
lncorp. V.
In Mass.
In June 1909.
The
3
y
i%
coupon
debenture
certfs.
dated
1908,
due
Jan.
1
1056,
are
conJune
owned
com. (including
and $654,300
vertl have
bio at been
a par soof {150
for {100
stock
between toJan.amount
1 1911 shown
and Jan.at 1top
1016,
Boston30 A1910
Maine
pref.$21,701,600
stock, or of
51%theofBoston
the B.AAMaine
M. stock
the and
reduced
from
{29,097,300
of
new issue put out In Jan. 1911). The New Haven company has acquired page
above.
V.
81.
p.
970,
1039,
1493:
V.
84.
p.
103,
604.
all
the
common
shares,
except
Incorporators’
shares,
of
the
Holding
Co.,
and
in
Feb.
1007
145,000,000
francs
({29,000,000)
4%
15-year
debentures
guarantees the $27,054,400 4% pref. shares, prln. and dlvs., thus having vvltb a used rate In marks and £ were sold. V. 84, p. 391, 450, 608, 804,
Indirect
of the
A M.V. V.
V. 90. p.control
1614; V.
91, B.
p. 154;
02,8p.8 , p.
119.1621; V. 89, p. 163, 839. 917. 094­ p.0'il..-.„Pr.o.Y.ld^nSo
020, 629, 693, Terminal
1213. 1323;Co.V.bonds
83. p.({7,500,000
00. 819. authorized), see V. 82.
In
July
1910
was
authorized
to
purchase
the Berkshire
RR.,p New
Haven
“©Ventures
dated
1908
and due
Jan.bo 15secured
1948 arc
A Northampton and Rhode Island A Massachusetts.
V. 91,
154,1116
vertible
Into stock
after covering
Jan. 15 1923
at par,linesand
are to
byN.con­
any
In
Oct.
1904
$29,160,000
of
the
$58,118,982
N.
Y.
Ont.
A
West,
com.*
mtge.
hereafter
created
the
main
between
Woodlawn,
Y.
stock
acquired
at $45 per
$100 V.
share
$2,2002642;
of theV. $4,000
« 1270, 1339, 1402. 1647.
or New Haven. Conn., and Providence, R. I.
giving was
access
to anthracite
mines.
79, and
p. 2086,
80, p. pref.,
1363. ?rfcfiVa
V. 85, p.
In Feb.majority
1911 purchased
from
the N. Y.RR.
Central
($2,352,050)
of the1911
$4,­ ^i^nm Pnnn^^itfoPit5?2,000,000,?11^ 0*1' 1
notes, of which about
704,100
holdings
of Rutland
pref. Hstock,
and
in Mch.
Mch 1 1912 1 V 92atp di88a396e Fcb‘ 1 1012 and remaInInff 510,000,000
acquired
control
of
the
Montpelier
A
Wells
River,
Barrc
and
Barre
Branch
railroads. Inch, with spurs 71 miles. V. 92, p. 527, 659.
Owns
greater
of stock and
bondspresent
of Central
{41,325,715;
net, {14,261,308
Gross.
39,823.940;
net,
14134813411643In
1 to ending
Feb. 28.Dec.11909-10--Ry.,
which
see.partGuarantees
the Income
$12,317,000
IssueNew
of England
gen. 4s. ForJuly
0
mos.
31
1910,
not,
{11,721,442
against*12
V.
84,
p.
1488;
V.
85,
p.
160,
858;
V.
89.
p.
594;
V.
90,
p.
1238,
1295;
1909; other Inc., {2,252.008; charges, {9,410,330; bal., sur., {4,557,120.
V. 91. p. 153; 1254, 1386.
Nov.or1910
applied
for authority
to purchase
the Boston Revere
Beach ANNUAL REPORT.—Report for 1909-10 In V. 91. p 9 4 1
A InLynn,
control
thereof,
build
double-track
under Boston
Y e a r e n d in g J u n e 30—
10 10
ioob
Harbor
at estimated
cost of and
$12,000,000
andlmako tunnel
other Improvements
2"o42
10^ 4 4 mos
10°8,j47
estimated
to cost
nearly the same;
alsop.the1386.
Milford A Woonsocket and Mil­ Miles operated....................................
...............................529,005,890
{26,323,469
{26,279,301
ford Franklin
A Providence.
V. 91,
mSiSnb
ngS...................................
30,110,588
26,595,970
25,281
435
In 1906ofacquired
control
of Hartford AAMiners'
New York
Trans. Co. and
one-half
the p.stock
of271,
the Merchants'
Transportation
Co. InV.1907
83, Miscellaneous........................................ 1,577,189 1,428,192 1.4891411
p.
890;
V.
84,
221,
391,
571,
626,
749;
V.
85.
p.
858;
V.
8 6 . p. 721;
Gross earnings.....................................{60,693,008 {54,347,631 {53.050,147
V.On8 8 July
, p. 1002;
V.will90.obtain
p. 1242,
1494.
l 1911
right
to operate
overV.part92,ofp.Boston
A Albany
....................... {22,004,452
{18,267,324
{14,830.590
RR..
sharing
In
one-half
the
surplus
or
deficit.
882.
Net
cam ngs steamship
street railways...............
*2,254,278
3,044,315
2 ,7 4 5 ,7 5 8
The
Pennsylvania
RR.
on
Dec.
31
1910
owned
$3,500,000
stock
(and
Net
earnings
lines................
1,308,470
1,214,307
4 0 8 ,6 7 4
$312,500
allotment
receipts),
having
acquired
$2,500,000
in
1910.
V.
90.
Net
outside
operations.........................1
6,737,147
4,593,489
11,212,089
p. 1425.
Other income.........................................J
\3,802451
ELECTRIC
RAILWAYS.—May
31 1907
the Consolidated
Ry., a con­ Total net Income...............................{32,304,347 {27,719,435 {23,155,262
solidation
of various
controlled electric
railways,
chiefly In Connecticut,
bonds,lines............I
&o.........................{10,677,459
aggregating about 770 m. of track, purchased the property of the New Interest
Rentals ofonleased
l l H I 5,133 717 {10,424,932
3,956,204 $7,556,045
4,581,182
England
Navigation
Co., owning
thefrom
Fall $10,000,000
River and other
steamship lines;
Taxes
...........................—
IIIIII
3,0831377
3,446.126
Its
capital
stock,
as
then
Increased
to
$30,000,000,
was
rents
and guaranteed dividends.. 1 ,702.430
1,078.281 3,338,306
1,784,299
exchanged by the N. Y. N. H. A II. RR., as owner thereof, for Its own Other
Hire
of
equipment............................
.........
460,430
628,861
stock.
V. 84.Consol.
p. 1052,Ry.1114,
1308,
V. 85.
859; V. 89,
594. Dividends (8 % )-----------------------9,759,081
7,883,842
7,783,262
In Dec. 1906
leased1242,
Conn.
Ry.1424;
A Ltg.
Co.,p.operating
193p.miles.
Miscellaneous_________
_________
10,490
23,143
(V.
83,
p.
1525;
V.
84,
p.
508.)
The
Connecticut
properties
are
now
operatedby by
$40,000,000
capital Ry.
stockSec.”
Is all Balance........................................ sur.$1,037,793 df.$453,613df.$2,516,603
owned
the the
NewConnecticut
Haven RR. Co.,V. whose
91, p. 871.
,Scc ‘.Electric
Also
Dec.
1906
acquired
control
of
Rhode
Isl.
Sec.
Co.,
controlling
street
• Earnings of Connecticut Co. from July l 1909 to Feb. 28 1910.
rys. (311
m.),p.ofAProvidence
vicinity,
$19,898,000
4%V.debs,
being
I.1909 V.largo
83. and
p. 1525;
V.
84.
p.Trao.
ti l l;AV.Prov.
85, Sec.
p.Co.858;
92, OFFICERS.—Pres., Chas. S. Mcllcn, New Haven; Sec., Arthur E Clark.
p.dence
462.guar.,
In
July
block
of
United
Elec.
of
Provi­
Treas.,
Augustus S. May, New Haven. Conn.
stock (total
$8 ,0stock.
0 0 ,0 0 0 ) was acquired on the basis of 8 shares
Directors.—William
Skinner,
Holyoke, Mass.;
Jas. S. Elton,
Watcrbury,
for 5 shares
of Newoutst.
Haven
V. 89, p. 105. In May 1908 the Su­ Conn.;
Chas.
S. Mellon,
New Haven,
J. Plerpont
William
preme
Judicialroads,
Courtsince
of Massachusetts
declared
Illegal the control of 6 Rockefeller, Geo.
F. Baker,
George Conn.;
McC. Miller,
LewisMorgan.
Cass Ledyard,
Mass, trolley
disposed of (V.
8 6 , p. 1285, 1590; V. 8 8 , p. Charles M. Pratt, New York; D. Newton Barney, Farmington, Conn.
507, 625, 945,upon
1621;theV.shares
89, p.of163);
“the only Interest
not eliminated
the Amory A. Lawrence, Alexander Cochrane and Theodore N. Vail, Boston;
endorsement
the Springfield
Ry. Companies
and theisNew
R. W. Taft, Providence; C. F. Brooker, Ansonla, Conn.; I. De V. Warner.
England
Investment
A
Security
Co.”
See
"Electric
Railway”
Section
and
rori?KCPo rtirHemingway,
James McCrca,
De Witt
Philadelphia,
Pa.:
V.89,
p. 839;(Mass.)
V. 91,Street
p. 941.Ry.,In merger
June 1910
was
authorized
toRy.
acquire
stock
r>¥u2^S*
Geo. J.Thos.
Brush,
Fredk.Cuylcr.
F. Brewster,
A. Heaton
In
Berkshire
with
the
Springfield
being
pro­
Au*usT
t
r
u
s
*>•
Arthur
E.
Clark,
New
Haven:
Edwin
Milner,
posed
April
1911V.under
Moosup, Conn.; Henry K. McHarg, Stamford, Conn.; John L. Dillard,
p. 1554,
1614;
92, p.the
956.name of the Springfield A Berkshire Ry. V. 90, Meriden,
Conn.—(V. 92, p. 188, 262, 396. 462, 527, 660, 882, 956, 1109 )
On
June
30
1907
there
were
outstanding
bonds
of
electric
roads
leased
or
controlled,
than aggregating
of Providence$24,729,700.
Securities and
Ltg. Co., opposite
ooS
YN.
N°RY.
vK City,
rifvA?to‘ Oswego,
n & WESTERN
R Y.—
Operates from Wechawken
on MLake
Ontario:
shown
In tableother
above,
andConn.
bondsRy.of Asteamshlo,
R o a d O w n ed —
ileR os a d' C~ o n tro lled , Ac.—
Ac.,
companies
controlled
aggregating
$2,883,000.
No
details
since.
M ile s .
Cornwall,
N. Y____ 272
Owns practically
all 177th
the stock
ofN.theY.N.C..Y.and
Westchester
A Boston,
under Oswego
__
Pecksport,Carb.
Conn, A(leased)____
Branch
totoDelhi....................New
Berlin___
2 2 Ontario
construction
between
St.,
Mt.
Vernon,
Ac.,
original
S.
(leased)
do
to
­
controlling
interest
being
acquired
for
$11,762,483.
V.
85,
p.
1143;
V.
86.
Cadosla,
N.
Y.,
to
Scranton,
Pa.
do to Ellenvllle............ I I I I I 8 Rome A Clinton (leased)............... *13
p. 108,
V. 87,V.p.90.
415,p.480,
V.
89. p.169;1597;
237.870;
914;V.V.87,91.p. 1420,
p. 337.1421;
1161.V. 8 8 . p. 507, 625; Total owned______
Utica Clinton A Bing. (leased) - ..*317
3 1 0 Wharton Valley (owned)...............
STOCK.—Authorized
Issue for
unlimited.
Issued
30 1910, $121,­
a g e (11112079) W.ShVreRR.V
Ellenvllle
Kingston
(leased)-- 27
878,100;
receipts outstanding
Installments
paidJune
on $44,643,800
new T raCcknwall
W’kcn (V.61,p.425). 5 3 Port JervisAMont.
A Summltvllle
stockDec.
(sechclow).
There wasofheld
treasury
of New England
• See thisto company.
(owned and leased)___________38
Co.
31 1910 $15,630,300
this Instock
and $5,689,300
partly Navigation
paid stock. Total
operated July 1 m o .......................................................................646
stockholders
on provide
Oct. 27 for
1909$20,000,000
authorized maturing
the Issue debt.
of $50,000,000
branchwasfrom
ScrantonJulyto 1a 1910.
connection with the
newThestock
In order to
Including rLehigh 1voifi
Valley°vCaP°use
RR., 4 .6 miles,
completed
$9,200,000
bonds
and
notes
maturing
between
Jan.
9
and
Oct.
1
1910,
and
additions
and
Improvements.
Stockholders
and
convertible
debenture
Oct. 1904 N. Y. N. R. & H. RR. acquired {20460.000
holders subscribed for $44,643,800 of the now stock pro rata at 125, payable CONTROL.—Ill
per 2458;
share and
of the {4.000 pref. V. 70, p. 2086,
equally Dec. 20 1909, Juno 30 and Dec. 20 1910 and June 20 1911, or In wm.
2643; stock
V. 80,atp.{451363.
V. 8t.{2,200
p. 1044.



A p r ., 1 9 1 1 .]
R A IL R O A D C O M P A N IE S

ItAILWAY STOCKS AND BONDS.
M ile s

D a te

Par

Am ount

R a te

W hen

95
L a st D iv id e n d P la c es W h ere In te re st a n d

D iv id e n d s a re P a y a b le
P a y a b le a n d M a tu r ity
%
(F o r a b b re v ia tio n s, Ac., sec no tes o n fir s t page]
R o a d B o n d s V a lu e O u ts ta n d in g
NewEquip
Yorknotes
Ontario
&
Western—(
C o n c lu d ed ) —
A A O To April 1 1920
due $36,000 s-a (V 00, p 977)___ Ala . . . 1910 $1,000 $648,000
350,000 4H
To Sept 1916 Grand Cent Station, N Y
4Hg JM AA Js July
1,456.000
4
1,000 &c
New
York
&
Ottawa—First
mortgage
$2,500,000
g.G
128
1005
text 12 In HO J AA D Dec 1l 1955
50 See
1010 6% Checks
New
York
Phila
&
Norfolk—Stock,
to
be
$3,750,000..
2,600.000
44 g J\ l A NJ Jan 1 1939
20 Southmailed
15th St. Phlla
1,000
First
$3,000,000
68, (V
p 773,
...FP.C*
1899
1,000,000
1.000
Jan
1
1939
Checks
mailed
(see text)
FP 112
Incomemtge
mtge
g non-cumg (Vregls
68, p978)
078)___
112 1899_
1,000 1,200,000 5 g AA AA O Oct 1 1927
Grand Cent
Station,
NY
1887
New
York
&
Putnam—N
Y
A
North
1st
M
gold-----c
57
4
g
O
Oct
1
1993
1,000 4,025,000
do
do
N Y A Put cons $6,200,000 g guar p A l(end) - Un.c*
57 1804
M A s Sept 1 1927
984.000
5
g
1,000
U
S
Mtge
&
Tr
Co.
N
Y
1887
N Second
Y & Rocka
way
Beach—1st
M
$1,000,000
g
gu.Ce.c*
12
980.000 Up to 5 F A A Sept
11 1027
1,000 1,500,000
mtge Income bonds non-cumulatlve___ Ce.r
1887
12 1007
Feb
1957
4
g
Reading
Terminal,
Phil
1,000
NN YY Susq
Short &Line—1st
AI
$1,500,000
ggu
p
A
1_
-PeP.xc*
9H
A Apr 1 1940
Office. 50 Church St
Ac 3,375,000
West—Midland
RR In1st1910
M gext
1880 5001,000
200,000 58 gg JJA AA OD July
June 11 1011
1050
do
do
Paterson Exten
RR 1st M ext
at 5%’lO.Ce.c*
s f g.c* 72l 1881
5,000
6
g
J
New
York
Susquehanna
A
Western
first
mortgage..
A J Jan 1 1937
3,745,000
do
do
1,000
5
g
J
127 1887
_______Ce.c*
First
mortgage
refunding
gold____
Feb 1 1937
do
do
447,000 4M g FF AA A Aug
1,000 2,552,000
Second M (*1,000,000 gold) 3d M on72m .-Ce.c- 127 1887
1940
do
do
1,000
0 gg M A AN May 11 1043
General mortgage for *3,000,000 gold-.- Ce.c- 127 1890
do
do
2,000,000
5
1803
1,000
&c
Terminal
first mtgo for *2,000,000 gold___ Us.c'&r
A llie d c o m p a n ie s —
AA DD June
1
1942
do
do
3,000.000
5
g
J
1,000
65 1892
Wilkes-B
A
E'n
1st
M
g
gu
p
A
l
(V
60.
p
481)
-G.c*
Dec 1 1940
do
do
500
70,000 55 JJ A D Deo
1885
Passaic A N Y 1st M (090 years rental) ext 1910 —
11 1912
1916
do
do
1,000
44,000
23 1887
1896
Macopln RR first mtge (branch to Macopln Lake)-M A S Mch
do
do
66 M
291,000
A N Nov 1 1933
V 7 5.p 1043; V 8 4 ,p 342
1893 lo 500 450,000
N Y A Wilkes-Barre Coal Co first mortgage--------N A San Anton
A
A O Apr 1911 3% 00 West St, N r Vork
6
50
1,600,000
4
Newark & Bloomfield—Stock, 6% rental.................. vllle. —
Mercantile
TruovCo, ,Phlla
NY
1,000
175,000 5s g FF AA AA Aug
Text6 1902
Feb 11 1922
1938
Fidelity Trust
Trust
1898
1.000 250,000
Girard
Co. Phlla
Ellz Rlv 1st M g gu p A 1s f red 105 beg 1911.GP.C* 4.6 1005 500&C 200,000 4 g A A O Oct 1 1935
Norfolk
Carolina—See Atlantic
Coastauthorized----Line RR.
1911H
100 16.000,000 See text M0 —A N May
Norfolk &Southern—Stock
$16,000,000
Metropol. Trust
Tr Co,Co,
N YN Y
May 1111054
1041 Guaranty
223 1904
1,000 1.655,00(1
First
mortgage
_______________________
M—
p.c*G 223
1891
July
1,000
825,000 55 gg J AA JJ July
First
general
mortgage
gold
redeemable
at
115
International Tr Co, Balt
1 1952
1,000 Sec650,000
5
g
J
Suffolk A Carolina first cons mtge gold red 110— c* 75 1002
text
Central Trust Co, N Y
Jail 1 I960
504 1910
Central Trust Co, N Y
1010 10,000 Ac 4,360,000 65 g JA AA OJ See text
Collateral
gold
notes
redeemable
at
par_____
_Ce
Norfolk
Terminal
Co—First
mortgage
$2,000,000----See
text
Norfolk A Western—Common stock $150,000,000. _(1 __
100 70.962.000 5 In ioio Q M Mch 18 '11 1 M Office, Philadelphia
STOCK.—Stock
$58,117,982 surplus
(par, $100),
$4,000
Is old
pref. In EARNINGS.—8 mos.,/1910-11_____Gross, $2,516,254; net, $807,629
A 3% dlv. out ofIsaccumulated
was of
paidwhich
In Jan.
1005,
vesting
July 1 to Feb. 28. U900-10_____Gross, 2,289,780: net, 639,829
the shareholders directly the right to elect all the directors. V.79, p. 077, REPORT.—For
1909-10 in NV.e t. 91. p.O 1156.
080,1332.
Y ear—
G ro ss.
th . [n c . C h a rg es.
B a la n c e .
DIVIDENDS.—Com., Jan. ’05, 3%; July. 1 H%: ’05 to *10. 2% each. 1900-10 ___ $3,474,360
$1,074,935
$130,938
$1,016,110
sur.sur.120.187
$189,752
___
3.252,745
1.046.272
78.627
1.004.712
BONDS,
Ac.—
R e fu n d in ') m toe. for $20,000,000 covers 310 miles of road 1908-09
80, p. 1060. 1341: V. 00, p. 373. 914, 1364; V. 91. p. 95, 1026, 1156.)
owned, all the securities of the Ont. Carb. A Scran. Ry., 54 miles, and all —(V.
after-acquired
property.
72, 4sp. of87:1004
V. 78.
p. 2012; have
V. 80,
651. NIAGARA JUNCTION RY.—See page 169.
Of the 512,000,000
generalV. M.
$6,650,000
beenp.Issued
NORFOLK
BELTbranch
LINE extension.
RR.—Owns6 09
Portm.;Norfolk
and the remainder will be reserved for future needs. V. 70, p. 1332, 1462; Berkley,
Va., &5.8PORTSMOUTH
miles,and Southern
operatedto
V. Early
92, p.in 462.
lease,
1.35
miles.
In
Nov.
1909
acquired
entire
stock
of
Elizabeth
the calendar year 1809 the coal properties at Scranton, Pa., of the under
River RR., whose bonds arc guaranteed, V. 90, p. 1044. Stock, $50,400,
Lack. Iron A Steel Co. (the capacity of the collieries then open being about all
owned bySeaboard
Atlantic Coast
Line,andNorf.
Ches.$100
A Ohio,
N . Y.Bonds,
Phlla.
700.000
tons
per
annum)
were
purchased
by
the
Scranton
Coal
Co.,
aided
A Norfolk,
Air Line
Norf.A|Wcst.,
A South.
shares.
by
loans
from
the
N.
Y.
O.
AW
.,
the
latter
Issuing
Its
$2,500,000
5%
notes
see
table.
Calendar
year
1910,
gross.
$193,718:
net,
$65,826;
other
In­
(reduced to $150,000 Aug. 1 1910), extending over a period of years,se­
$14,621; Int. on bonds. $18,500; taxes. Ac., $6,071; bal., sur., $55,876.
cured by first intge. on the coal property, and loaning $1,475,000 (of which come,
NORFOLK
SOUTHERN
RR.—
M
ile
a
g
e
,
Ac.—Operates
602.29
miles,
$305,000
has been
repaid)V.secured
a 2d mtge.,
O. A646;
W. V.
obtaining
con­ extending from Norfolk. Va.. to Raleigh, Goldsboro and Beaufort. N. C..
tract
for entire
tonnage.
68, p. by
41,429;
V. 69, the
p. 604,
81, p. 1792.
branches. Of this total the company owns 504.12 miles and leases 95
In Nov. 1900 eight Independent anthracite properties with a maximum with
miles (from
Goldsboro
to Morehead
City), andAthasNorfolk
trackage
rights
on 3.17
output of 2,000,000 tons annually were merged as the Elk HIM Coal A Iron miles;
45.93with
miles
Is equipped
electrically.
the
companv
has
Co.,
the
N.
Y
O.
A
W.
Issuing
Its
$3,500,000
5%
8.
f.
first
lien
gold
notes
connection
steamship
lines
which
furnish
practically
a
dally
service
to
secured by the Coal A Iron Co.'s 1st mtge., these notes maturing $75,000 Washington, Boston, Richmond, Baltimore, Philadelphia and New York.
each
6
inos.,
beginning
June
1
'01,
to
June
1
'11,
and
thereafter
$200,000
Trains
are
operated
over
the
Albemarle
Sound
trestle,
giving
rail
connection
semi-annually
to
Deo.
1
'15.
The
notes
are
secured
pari
passu
with
the
bonds
to
all the
company’s
lines. over
Owns600,000
entire capital
andlands
bondsand
of John
L.
Issued
of 1005. The
Elk V.
Hill71.Co.p.also
made
a 2dp.mtge.
Roper
Lumber
Co.,
owning
acres
ofstock
timber
200,000
to the under
N. Y. the
O. Agen.
W.mtgo.
for $2,400,000
at 5%.
1270;
V. 73,
501. acres
of
timber
rights.
V.
87,
p.
1415.
In
Nov.
1909
purchased
line
from
8 Gmonths
ending NFeb.
28: C h a rg es. B a l.,S u r p . Kingston to Pink II111, N. C., 25 miles.
8EARNINGS.—For
M o n th s —
ro ss.
e t.
ORGANIZATION.—Successor
to N.InAS.
R a ilw a y , foreclosed
1010-11
.........$6,263,704
$1,731,050
$950,335
$781,615
Dec.
7 1009, per plan V. 87, p. 614.May
678.5 1910
Incorp.
Virginia
May 2 1910.
1 0 0 9 - 1 0 : : : : : : : .......... 5 , 5 8 1 ,0 2 4
1 ,5 3 6 ,5 8 5
7 0 2 ,5 0 8
7 7 3 ,0 8 7
STOCK
AND
BONDS.—Under
plan
in
V.
87.
p.
614,
678. the M.
new5s.co.
REPORT.—For 1909-10 In V. 91, p. 652. C o al tr a ffic In 1909-10, 3,443,* authorized $16,000,000 stock and $12,000,000 “ first A refunding”
130 tons (out of 5,680.781 tons), against 3,472,543 tons In 1908-00.
The
stockholders
on
Feb.
28
1911
authorized
a
new
mortgage
to
secure
Y e a r e n d in g J u n e 30—
1900-10.
1908-09.
1907-08. an Issue of $35,000,000 bonds to replace said $12,000,000 mortgage,
no
Gross
earnings......................................... $8,578,783
$8,200,170 $8,121,494
bonds
having
been
Issued
under
It
except
as
collateral.
Of
the
new
Issue,
Net
earnings
over
taxes___________
2,441,100
2,421,588
2,495,751
$5,780,000
will
probably
be
Issued
in
lieu
of
the
same
amount
of
the
present
Total net Income, incl. ••other*'........... 2,844,417 2,849.998 2,998,018 bonds now pledged to secure the company’s notes and $3,130,000 reserved
Interest on funded
debt___________
960,420
amount
of underlying
bonds, leavinghowever,
about will
$26,000,000
Miscellaneous
Interest
and discount., 057,920
152,056
152,877 958,531
165,912 to retire aforlike
future
purposes,
of which $10,000,000,
be Issu­
Rentals
and
hire
of
equipment_____
421,644
393,574
352,985 available
able only upon vote of three-fourths of the directors and a majority of the
Dividends (2%)................................... 1,162,328 1,162,322 1,162,308
stock
for
additional
road.
V.
91,
p.
1768.
The new bonds are secured by a first mortgage on 233 miles, and,
Balance,
surplus_______________
1150,470
5358,282 subject
to also
underlying
Issues
$3,130,000,
271 stock
additional
Pres.,
Thos.
P. Fowler.— (V. 02, p. 322,
306, 402, 5180,805
000.)
miles,
and
by a first
lien aggregating
on practically
the entireonrolling
and
NEW
YORK
&
OTTAWA
R Y .— Tuppcr Lake, N. Y„ to Ottawa. Can., equipment; also by a first lien on the entire stock ($1,000,000) and first
128
ra.
Including
Ottawa
6s
N.
Y..
whose
stock
Is
owned.
Successor
to
mortgage
bonds
($5,000,000)
of
the
John
L.
Roper
Lumber
Co.,
owning
the
N. Y. 6. Ottawa
by theleases
N. Y.theCent.
Hud.Feb.Rlv.1 1005.
ltlt. planing, saw and shingle and cedar mills, with an annual capacity 10
of
at foreclosure
sale on till.,
I)co. 22acquired
1004, which
road 6cfrom
150,000,000
ft.,board
measure:
and about 150
miles
of standard-gauge
V.
70,
p.
2700;
V.
80.
p.
223;
V.
86,
p.
286.
Stock
authorized,
51,250,000.
logging
road.
300
logging
cars,
25
locomotives.
Ac.
The
value
of
the
Roper
In
Juno 1005
a mortgago
for 52.500,000
V. 80.net,
p. 2458;
81, Lumber property has been estimated at $12,785,000. Sinking fund for new
D. 285.
For year
ending June
30 1000, was
gross,made.
5157,881;
571; V.other
5s, beginning 1913, to be at least $100,000.
Income. 5084; charges, 502,404; bal., def., 501,340.—(V. 80, p. 280.)
The $4,360,000 6% one-year coll, gold notes due Oct. 1 1911 are subject
NEW
YORK PHILADELPHIA & NO RFO LK R R .— In Jan. 1009 all but to renewal for one year and redeemable at any time at par. They were
Issued to provide the cost requirements of the new company. Including the
$7,250
of
the
$2,500,000
stock
had
accepted
the
offer
of
the
Pennsylvania
two ofIssues
receiver’s
certfs.,
collateral
RR.Pcnna.
to buyRR.
the stock
4% 40-yr.
trust
ccrtfs..stock
guar. prln. and
Int. payment
trust 6% ofnotes
1007ofand
arc secured
by aggregating
deposit of the$1,442,865,
entire present
Issue
by
basiswith
of $3,000
certs,
for $1,000
of $5,780,000 new 1st and ref. 5s dated Jan. 1 1010. This provides for
In 1910
Increase on
in stock
$2,500,000
to $3,750,000
was auth.(V.V. 90,
90, p.p. 977).
1102 company’s
needs
until
new
bonds
can
be
marketed.
V.
91,
p.
1254.
NEW Y O RK & PUTNAM R R .— Owns 155th St. and 8th Ave., N. Y.
City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles; double­ DIVIDENDS.—First dlv., H of 1%, paid Feb. 1 1911; May, H%track branch to Yonkers, 3 miles; operates 2 miles; total, 59 miles.
EARNINGS.—For
year
June
30 1910
(old Co.
company),
gross.
net, RR.,Interest
afterending
taxes,
$941,025;
Lumber
net, $235,707HISTORY.—Successor to the N. Y. A Northern, sold under foreclosure $2,600,470;
net, $1,176,732;
and rentals
on completion
of reorganization,
of 2d mtge. Deo. 28 '03, and purchased for N. Y. Cent. A Hud. Rlv.RR., total
$525,000; $752,789;
bal., surp., $651,732.
In $120,526.
1908-09, gross,
$2,417,321;
netDec.RR.
which
owns
stock
leasesguarantees
the road.—see consolidated
V. 63, p. 754, 820, earnings,
Co. net.
8 inos. ending
31
1150'
V. 81,$6,500,000
265. N.
Y. and
Central
1910 (new company),Lumber
gross, RR.,
$1,906,109:
net,For$679,370;
other Income,
age'bonds.
ofp. which
$1,000,000
were reserved the
for Improvements;mort­
also $16,407;
fixed
charges,
$322,804;
bal..
surp.,
$372,973.
V.
92,
p.
660.
1,200.000
to
retire
at
maturity
the
first
5s.—(V.
82,
p.
272.)
!■
OFFICERS.—Pres., E. T. Lamb. Norfolk: V.-P., Frederick Hoff, 30
NEW YORK A ROCKAWAY BEACH RY.—Owns Glendale Jet. to Rock* Pine
St., N. Y.; Sec., Morris S. Hawkins. Norfolk; Asst. Sec., N. W.
away
Park,
10.67 in.,
with
branch,
1.6750m.;
total,
12.34
m.;1 1004
double-track*
Runnlon, 30 Pino St.. N. Y.: Trcas.. Matthias Manly. Norfolk; General
Stock,
$1,000,000;
par,
$100.
Leased
years
from
July
by
Long
Counsel.
Chadbournc A Shores. 30 Pine St.. N. Y. General office. Norfolk.
Island
RR.
Co.,
whoso
endorsem’t
Is
printed
on
first
mtge.
bonds.
On
Jan.I
1911 $101,000
by L. I.year
RR.,1010,
together
$978,667 ofnet,
the Va. New York office, 30 Pine St.—(V. 92, p. 462. 595, 660, 882, 1109.)
Incomes.
V. firsts
83, p.were
890.owned
Calendar
gross,with$1,043,323;
NORFOLK
TERMINAL
RY.—To
buildbyatheunion
passenger
$360,940; charges, $188,724; bal., surp., $172,225.— (V. 83, p. 800.)
Norfolk. Va., with
approaches
to be used
Virginian
Ry.. station
Norfolk atA
Western Ry. and Norfolk Southern RR.. which own the entire stock.
NEW
YORK
SHORT
LINE
RR.—Owns
a
cut-off
for
the
Reading
Co­
Bonds companies.
authorized March
20p. 1911.
$2,000,000,
toL.boE.guaranteed
by the 3
between Cheltenham and Neshamlny Falls,
miles, opened May lessor
V. 02,
660,
Pres.,
Johnson,
Roanoke,
0 6 . V. 70, p. 1038. To be 4-tracked — 2 tracks laid at present and on
V.-P., Raymond
duPuy:
Sec.,1109.
Francis
W. Russel,
and Trcas.,
Cald­
21 0miles
3 tracks. Leased to Phlla. A Reading Ry. for 999 years from Feb. 1 Va.;
1007.
The $250,000
stock Is owned84,by p.Reading
guarantees the well Hardy, all of Norfolk, Va.—(V. 92, p. 660, 795, 1109.)
bonds, principal
and Interest.—(V.
1552; V.Co.,
87,which
p. 1421.)
NORFOLK
& WESTERN RY.—S e e M a p . —System extends from Nor­
folk,
Va., westward
Columbusto the
andvarious
Cincinnati,
O., and
to
NEW Y O RK SUSQUEHANNA A WESTERN R R . — (.S ee E r i e M a p . )
Hagerstown,
Md., withto branches
coal fields
in Va.northward
and W. Va.
O w n e d ( i n fe e ) o r e n t ir e s to c k . M i l e s . |Susq. Connecting RR--------------8
Jersey
City
to
Gravel
PL.
Pa-----101
Other
branches.................................
24
M ile s .
R
o
a
d
o
w
n
ed
.
M
ile
s
.
(Double
e a s e d —Mid. Un. A Water Gap_ 14 Norfolk, Va., to Columbus, O ... 704 Roanoke to Winston___________121
Beaver
Lake,track
N. J..19 tomiles.)
Unlonvllle 21\ LTrackage.........................................
3
Sundry b r a n cinal..__
h e s .............
370
totoBristol,
T enn,. 238
Ill Columbus
Wllkesbarro
A
Eastern.........---1
— Radford,
. . . ___
Roanoke.toVa.,
Va.,
Hagerstown..
Total road operated June 30 1910---------------------------------------------236
Trackage term
_______________
. . . 384
Graham
Norton-------------------100
Nor. Car. Junction to Fries------- 44 Total owned June 30 1910— 1,951
STOCK.—Pref.,
$13,000,000;
$13,000,000.
the Erie
Juno
30 1910 $25,343,119
com. com.,
and pref.,
of whichof which
$6,630,000
com.owned
and Lynchburg toJet.
Durham,
N. C— 115
to -------------Cincinnati
$6,630,000 pref. arc deposited under Its Pennsylvania coll, trust mortgage. Portsmouth
349
and Ivory dale-----106 Double track---------Dividends on pref., Nov. 1801 to 1892, 2H% yearly; none since.
ORGANIZATION.—Successor In 1896 of Norfolk A Western RR.. Ac.*
G e n e r a l 5s are reserved to retire 2d 4 Hs. See abstract, V. 52.
p. TBONDS.—
84.e r m The
s e c o n d s are exchangeable for g e n e r a ls on payment of an asscssm’t. foreclosed per plan In V. 62, p. 641. In March 1910 Penn. RR. and sub­
sidiary companies. It Is understood, owned about 51% of the stock, the
i n a l bonds, sec Issue of Jan. 1898 and abstract. V. 57, p. 512.
holdings sold In 1906 ($16,000,000) having been re-purchased in 1909
The 1$3,500,000
RR. 1st 6sPaterson
were extended
30 years
from 1maturity
also additional amounts acquired. V. 83, p. 502; V. 88, p. 1062.
April
1910 at 5%Midland
and $200,000
Ext. RR.
due June
1010.40 and
Branches building June 30 1910. V. 91, p. 723.
years at same rate. (See V. 90, p. 373, 91 .)






RAILWAY STOCKS AND RONDS.




98

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
M ile s D a te
[F or a b b re v ia tio n s , A c ., see n o te s o n fir s t page]
R oad B onds
Norf
&
\V
(C o n cl) —AdJ pref 4% $23,000,000...........Q
N & W gen (now 1st) M Norfolk to Brls Jccg.FP.c* 428 1881

New River Division
first mortgage
gold___
FP.o*
Improvement
& extension
mortgage
gold-.FPc*
Scioto
Valley
& New Eug 1st M assum gold.-Cc.c*
N & 1st
W first
mtge $62,500,000 gold.Me.c*&r*
Dlv
lien consol
& gen M (text) g red 105 begin 1929-.G
Pocah
Joint
M
$20,000,000
g callp 105
a f..Q..Mp.c*
P .c'4 r
Col
Con & Term
1st$34,000,000
M gold guar
&red
1 (end)
Convertible
bonds
gold
text____
Q
New convertible
$50,000,000 authorized..
WInston-Sal
So’bdbonds
1st M$5,000,000g
gu.Usxc*&r
Equip
trusts
last Installment_____
do
Seriesgold
A gold
due $100,000 In 1912__FP.c*
_ FP
do
Series
B
gold
due
$100,000 In 1912._ FP
do
Series
C
gold
guar
p
&
l
due
$200,000
do Series D gold due $100,000 yearly . yrly
do
Series E gold due $100,000 yearly
do
gu $100,000
vrlyl
do
- Series
Series PL to
to KO g$100,000
each each
seriesseryearly.
Norristown
&
Main
LCon—1st
M
g
gu
p
A
I
(end)-.OP
North Carolina—Stock 7% paid from rental
North
Penn—Stock
8%1st)gu (7s
990extended
years $6,000.000‘auth
Old
second
M (nowextended
In 1896).. c
General
mortgage
In
Funding loan bonds $409,000 gold
gold In l903._FP.c&r
North EastAla)—First
Penn—1st M gold
gu P are
& Rprior
(end)VduP’.c;
Northern
($350,000
lieu) . K.c
Northern
(N H)—StockM6%
rental.....................
Northern
California
Ry.—See
Southern
Pacific
—
Northern Central—Stock ($27,737,050 auth) (seeRR
text)
First
mortgage
State
of
Maryland
loan
(V
74,
pi
197)
Consol general mortgage of 1874 gold Series E___ c
Second
M Series Scab—1st
"A’* A “B”M g(Agu$2.565.000).FP
Nort
n NewgenBrunsw&
$390,000 auth
Northern
of
New
Jersey—Stock
guar (see
V 69, p 81).
Third
mortgage
(now
first)
Interest
guaranteed__c
Gen mtge $1,000,000 gold Int guar by lease.. Usm.c*
Northern Ohio—1st
Mg ($15,000
p m) gu pauthorlzcdA l-.Ce.c*
Northern
Pacific Ry—Stock
$250,000,000

197
588
129
1,674
1,894
S.)

223
86
56
86

"26
83
144
144
144
16.9
112

1882
1883
1889
1896
1904
1901
1892
1907
1910
1902
1903
1903
1905
1905
1905
1906
06-’07
1902
1866
1873
1898
1890
1896

1855
1885
76-’82
1910
*21 1887
167 1900
1895

Par
V a lu e

A m ount
O u tsta n d in g

R a te
%

W h en
P a g able

[V O L . LX X X X II.
L a st D iv id e n d P la c es W h ere In te re st a n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le
May 18 ’ll 1 % Office, Philadelphia

$100 $22,991,700 See text Q—F
1,000
7.283.000 6 g
May 11 1932
1931
Mercantile
Co, N Y
1,000 2 0 00 ,000
Apr
do Trust do
do
00066 gg
1,000 5.000.
Feb
1
1934
do
Nov 11 1996
1989
do
do
5001,000
Ac 5.000. 000 44 gg
Oct
do
do
1.0001,000
Ac 40,400,500
23
000,000
4
g
July
1
1944
do
do
19.070.000 4 g
Dec 1 1941
do
do
600,000 5 g
Jan 11 1932
1922
Metropolitan Tr Co, N Y
1.000 500
Ac 20.607.000
4
g
June
Mercantile
Trust
Co,
NY
text 000
1,000 See
5.000.
44 gg
July 1 1960
United
States
Tr
Co,
NY
1,000
500.000
Sept 1 1911
Trust Co,do Phlla
1,000
300.000
4g
Jan 1 1912-13 Fidelity
do
1,000
300.000
4
g
Mch 11 1912-15
1912-13
do Tr Co,
do Phlla
1,000
Commercial
1,000 800.000
500.000 44 gg VI A Apr
1
1911-15
do
do
1,000
500.000
4
g
r
a _ Nov
Dec 1 1911-15
do
do
1,000
2.800.000 4 g Various To
Aug 1916
do
do
1,000
2.500.000
4
g
Various
To
June
1
1917
do
do
1,000 250.000 4 g M A S Sept 1 1952
Reading
Terminal,
Phlla
100
0007 F A A Feb 1 1911
Burlington,
N
C
50 4.000.
5.405,550
8
Q—F
Feb
25
1911
2%
Office.
240
S
3d
St,
Phlla
500 Ac 1.500.000 4
May 11 1953
1936
do
4.500.000
g AA ] Jan
do Terminal.do
do Phlla
407.000 3.3
4
g
A
1
Nov
1 1928
Reading
1,000
400.000 55 g
Apr 11 1920
Reading
Terminal,
Phlla
1,000
1.650.000
A
July
1928
P Morgan
A Co,Boston
NY
100 3,068,400 See text Q—J Apr 1 1911 lfc J1023
Old So Bldg,
50 See text See text J A J Jan 14 ’ll 4 % Treasurer’s Office, Balto
6 . Q — J Irredeemable Annapolis
1,000 1.500.000
1.757.000 4H
g A A O Apr 1 1925
Treasurer’s
1,000
3.565.000
5
11 1926
do Office,do Balto
500 253,500 4 g JJ AA JJ Jan
Jan
1940
Bk
BrNAm.NY.MonALn
100
4
Vlch 11911
1001.000
Ac 1.000,000
654.000 6 J Q—M
AA JJ July
1917 1% 50 Church
do St. New
do York
154.000
J
4
H
g
Jan
1
2000
do
do
1,000 2.500.000 . 5 & A A O Oet 1 1945
NationalA Bank,NY
100 248.000,000 7 In 1910
Q—F May 1 1911 1 H Chase
J P Morgan
Co, N Y
.

N O R F O L K & W E S T E R N R Y . (C o n clu d ed ).—
P355.60
fio SYLy,AiNI
' KR.—Owns
from20.60
Philadelphia,
Pa., tobranoh
UcthIn July
1909
the
Norfolk A Western
and RAtlantic
Coast Line
agreed
to
Pa.,total,
m.; in.
Delaware
Klver
branch,
m.;May
Doylcstown
build
Jointly
the
Winston-Salem
Southbound
R
.,
extending
from
WinstonlO.-lOm.:
86.50
Leased
for
990
years
from
1
1879
to
Phlla
Salem, N. C.,
to Wadcsboro,guaranteeing
89 miles, completed
March
1911, gold
the two
A HeadingKy.HR.
at 8%liabilities
on stock,June
and30lease
In 1896 8by1 Phlla
proprietary
companies
issue In
ofV. 1st
4s Heading
Current
1910,assumed
*374,239.—(V
p 608 A)*
V. 89, p. 161,
598; V.jointly
90, p. 238; V. 01, p.an1448;
92,M.p. 50-yr.
396.
NORTH-EAST
PENNSYLVANIA
RR.-Owns
road
from
Glenslde
to
of pref.with
stock
were in asIssue
of AprilV.1897,
4 n il! . J1®',
miles. owned
Controlled
by Reading
Co. *50.
Capital stock ’
saidSTOCK.—Provisions
stock being 4% non-cum.
preference
to assets.
89, p.page
15 9 7
*400,000,
of
which
$318,950
by
Heading
Co.;
par,
InlOct. 1910 the authorized common stock was Increased from $100,000
RaY.—Sheffield
to Parrish,
Ala., purchased
and branchesby
tO |$ 150,000,000. V. 91, p. 463.
1 ' 000 ,112.50 miles. InALABAMA
majority
of stock
DIVS.
1
’99.
’00.
’01.
’02.
’03.
’04.
’05.’
06.’07.
'08.
’09.
1910.
Southern Ry. April
V. 08,1809
p. 824,
873. See
also V.and69,bonds
p. 391.
Pref. IV ) 1899 to May 1911, Inch. 4% y’ly (now payable quarterly) 1911 ’ theStock
IS*1,700,000
*2,000,000.
supp.prior
mtge.Hens.
of 1898
J too,000
out­
Com /o J - - . . 2 2>$ 3 3
4^ 5 4
5 Mch, 1
1st 5sUnder
were made
V. 67,
p. 1208.of the
In year
BONDS.—The first consolidated mtge.of 1896 Is limited to $62 5 0 0 .0 0 0 * standing
ending
June
30
1910,
gross,
*554,360;
oper.
Income,
*142,495Int.
on
bonds
balance
underlying
73 *82,500; rentals, Ac., *40,941; bal., sur., 519,054.—(V. 69, p. 28.)
’
p.the502;
V. 74,unissued
p. 151:being
V. 75,reserved
p. 505;toV.retire
77, p.the1785;
V. 78, bonds'
p. 229. VThey
(NtoH<)
RR.—Owns
Concord.
N.83 II.,
to White
Riverlines,
Jot..
5?®?
?i8t
about
898
miles
of
railroad;
upon
Important
terminals
at
Vt.,
70
m.;
branch
Bristol,
N.
II.,
13
rn.:
total
miles.
Subsidiary
»c«rl°.,k
Lamberts
the upon
Ohio River
Bridgesubject
and thetotheunRoanoke Concord A Claremont RR.. 71 m.; Peterborough A Hillsborough HR.. 19 m
Machine a£?
Works;
also aPoint;
consol,upon
mtge.
776 miles
Boston
Lowell
99 years
from1 1897,
Jan. and
1 1800
dlsturbed
liens.
Ihey
also
cover
equipment.
See
abstract.
V.
64.
376- Lease
Bos AtoMe.;
rentalAwas
5% onforstock
till July
nowwas
6%.assigned
payable toIn
V-72, p 137, 438, 532, 723, 1080; V. 75, p. 505; V. 79, p. 213; V. 81, p.p. 212*
5
,
'
.
ri*?!1
“U,Y
1807
1%
extra
was
paid
regularly
from
contingent
A W.-Pocahontas
are securedCoal
by about
acres Also In 1894, Jan., 5% extra was paid; In 1896, July 2% extra; In 1897,fund
5%
of The
coal N.lands
owned and heldJoint
by bonus
the Pocahontas
A Coke295.000
Co., whose
extra:
In July 1004,
extra.
In 1108.—(V.
Apr. 1911 Bos.
A463;
Maino
received
author­
t5KCoJs
»
O
V
V
i
n
<;^’
n*
about
50,000
acres
have
been
leased
to
companies
ity
to
purchase
stock.
V.
92,
p.
65,
p.
V.
78.
p.
2385.)
whose stock is a 1 owned by the U. S. Steel Corp. and 30,797 to other con­ NORTHERN CENTRAL RY.—Owns Baltimore, Md., to Sunbury, Pa..
cerns, the royalties under such leases alone being shortly expected to be suf- 136 m.: all double track—branch, 9 m.; leases—Shamokln Valley A Pottsv.
2«£!*iafiAll?l28t
? eie.t th# fixed charges. They are subject to call at 105
I'dmIra
Williamsport
m.; operates
at cost—Elmira
to r J t B‘nokln?,£Un<? o t 2 M cents Per ton mined. V. 73. p. 845, RR.,
A Lake38m.;
Ontario
HR.,A 100
m.; LykcnsHR.,
Vail.73 RR.,
19 m.; York
Hanover A
l i n p\ ? 1’ of the Railway
.Y- 75vP*
bondsA are
Jointbutand
RR..
56
m.;
York
branch
Penn.
RR.,
York.
Pa.,
toV.78.P.
Columbia
several obligations
Co. 502and ofThese
the Coal
CoketheCo.,
as Frederick
1-m
.;
other,
4m
.;
total,
448
miles.
Uses
other
tracks,
20
m.
773*
between
the
two
companies
the
debt
Is
to
be
paid
by
the
latter
company.
stockholders on Nov.2 1910 voted to lease road to Pennsylvania RR
D iv is io n a l 1st lie n a n d g e n . m tg e . 4s of 1904 ($35,000,000) authorized for forTho
099
years
from
Jan.
1
1911.
tho
holders
of
the
*19,342.550
stock
future capital requirements are a 1st lien on extensions and branches not
a stock dlv. of 40%, also 10% In cash from treasury assets and toa
covered by the 1st consol, mtge. aggregating 220 miles, and upon such ex­ receive
v f T1 0n2V6 . 1 %The°i!Penn.
a11 th“RR.8tock
‘he lease.
91, p. 154.
464?
tensions and branches as may be acquired from the proceeds of the new I871,
need‘}“r|ms
not bo
accept
IcasoorV.
until
suits337
brought
bonds
and
also$23,000,000
a lien subject
thereto
uponfortheImprovements
properties covered
thereby.
by small minority stockholders
shall
deckled
It Istwoadvised
It may
Of
the
bonds
have
been
sold
and
new
equip­
same- The lower Federal Court on Dec. 30 1910,
ment.
V. 78. p. 1549; V. 79, p. 501, 628, 973, 1642, 1704, 2148; V. 80, mwf Ma'ivWn.f r 1d
p . 1175; V. 82, p. 510; V. 83, p. 1471; V. 88, p. 231, 453. The equip, trusts dcemahle
F eb’ 23V.1911
thatV.tho92,lease
Is not1109.
reucemaDie under Maryland State ,laws.
91. held
p. 1768;
p. 527,
(series
L
to
O,
$700,000
each)
sold
In
1909
mature
$100,000
per
series
yearly
beginning Dec. 1 1910, and March, April and June 1911. V. 89, p. 919.
^an*
1
la
l0
among
the
assets
held
w e re
The stockholders
1906435,
authorized
Issue offor$34,000,000
con­ Sflifl fV T T n S jo St*°C^ (a
ShamVftL * PottSV.
Stock.
vertible
bonds. V. Oct.
83, p.11380,
575. Toanprovide
double-tracking
Phil9*’6
SYtoi Ac.
k’ 51.225.000
bal.
ofmostly
$875,000
being held
by
and
new
equipment
$14,576,000
were
sold
early
In
1907
and
In
1910
$10,­
n a if' aWiim
n nl'l°' P*ref-,at°clt.
Dalto.),
Also theand(the
following,
acquired
In West,
1900;
993,000
were
subscribed
for
by
stockholders
or
sold.
These
bonds
are
*1.000,000
com.,
*1.048.700;
Norf.
A
convertible
Into
common
stock,
$
for
$.
prior
to
June
1
1917,
and
thereafter
pref.
*500,000,
and
com.,
*1,000,000;
Eric
A
W.
Transp.
Co
.stock,
*500,000.
subject
to call at 105 andp. Interest.
bondsV had
STOCK.—Penn. RR. on Jan. I 1911 owned *10.577,200 of *19,343,244
1412, 1471;ToV.Apr.
84, p.tl011
1248;$4,962,000
V. 85. p. 469:
.stlJ —The autl1issue was
In dlv.
Nov.(*1910
from
p.been109,converted.
286; V. 90.V.p. 83,
772, 1425.
’ * 86 ’ 5-0.000,000 to
to provide
for theIncreased
40% stock
7 , 7 3 7 050)
The stockholders
on Oct.
13 1910
authorizedV. an
Issue
proposed*27,737,050,
lease. V. 91,
p . 1630.
’
convertible
bonds, none
to be sold
at present.
91, p.
463.of $50,000,000 under
to 1000 1001
to Jan. (JAJ)
1911
HGENERAL
FINANCES.—Of
the average
traffic Inrate1909-10
66%
(16,955,530
PerDIVS.
rent. 1888
7 8’89 ’90
8 7’91 8’92 ’939 18947 yearly
*8 yearlv
tons)
was
bituminous
coal
and
coke:
per
ton
per
mile,
0.447
•Also
Jan.
1907
12H%
paid
In
stock
(*2.149.169).
V.
83,
p.
471.
cents: train-load, 635 tons. In Dec. 1909 dividend rate was Increased to 5%
EARNINGS.—2
mos., >1910..........Gross,
(1911..........Gross. *1,016,101;
In|1910
$10,993,000
convertible
4s of of1907
(sco BONDS) and
Jan. 1 to Feb. 28.
1,959,827; op.
net, dcf.. *21,847
178,753
the
remaining
$4,353,000
2-year notes
1908were
wereissued
retired.
REPORT.—For
1910
given
at
length
In
V.
92.
p.
523,
531, showing;
• EARNINGS.—For 8 months ending Feb. 28:
Y
e
a
r
e
n
d
in
g
D
ec.
31—
1910.
1909.
1908.
1907.
• 8 M o s . — O ro ss. $8,633,707
N e t.
O th . I n c . I n t . ,T a x ., A c . B a l S u m
earnings.........-,*12,798,628
$931,913
$4,120,363
257 Gross
1910-11........$23,988,740
Net earns,
(over taxes). *1,583,138 *12,253,893
*2,326,433 *11,264,986
*2 , 2 2 8 ,9 2 0 *13,237,498
*2 ,3 5 8 ,8 6 5
1909-10........
22,769,642 9,278,135 368,032
3,753,169 $5.445
5,892,998 Other
receipts
1,435,245
1,374,677
1,247,049 1,247,425
•■ IREPORT.—Report
for 1909-10 In V.1909-10.
91, p. 7 1908-09
722 (sec edit., p. 685); Total net income___ *3,018,383 $3,701,110 $3,475,969
$3,606,290
Y e a r e n d in g J u n e 30—
*505,478
$408,759
Miles June 30.......................................
1,951
1,941 1907-08.
1,920 Rentals,
Interest onAc......
debt,..............
Ao___ 1,547,400
354,672 $456,408
354,668 $482,573
354,682 1,547,214
519,440
Passenger
earnings.................................
$3,924,890
$3,642,837
$3,977,482
Dividends
(8%).............
1.547.400
1,547,400
Freight
earnings..................................
30,037,796
24,710,591
23,990,630
Miscellaneous________
323,683
346,419
338,497
110,280
Mall, express, Ac................................. 1,101,184
973,673
994,105 Extraordinary. ______
____ _
800,000
600,000
500,000
Total gross
earnings.......................... $35,063,870
Balance,
su
rp
lu
s..,..
*287,148
$196,215
$152,817
$527,597
Operating
expenses.............................
21,046,759 $29,327,101
17,729,756 $28,962,217
18,764,714
91, p. 1161, 1254, 1512, 1630. 1768;
“ "V.. 92, p. 523, 527, 531, 1109.)
■ Total net earnings.............................*14.017,111 J11.597.S45 *10,197.503 —(V.
NORTHERN
NEW Iron
BRUNSWICK
& SEABOARD
RY,—Extends
from
7n.t^
.
CU
nn°mi
e
i...............................*15,163,317
*12,578,45*
*11,118,407
Iron
mines
of
Canada
Corporation,
Ltd.,Intercolonial.
near Bathurst,
New mileage
BrunsInterest on bonds, Ac--------------------- 4,781,240 4,743,233 4 ,2 9 0 ,1 8 0 wl?k, C?nada. ,to N'plslqul^Juuc
the
Total
Z,................. 1,118,064
1,008,800 1,020,800 proposed, 26 miles. Bonds auth., $390,000
at $i5,000 per mile, guar, by
<?(4%)-------------; i £ , 0 - b o n d s ................
1 3 8 .0 0 0
i919,668
s o .o o o
1 9 2 .0 0 0 Province of New Brunswick and Canada Iron Corporation.—(V.
90. p. 1401)
Dhrs.
on pref.
919,068
919,656
NORTHERN RR. OF NEW JERSEY.-Owns from Bergen. N. J„ to
Dividends
on common.......................(5)3,294,843
(4)2,578,768(4K)2901114
...........................................
122,238 1,730.580
152,817 1,360,000
87,371 R ^ rkrrnmNinnp* f iion'
Sparklll
toltsNyack,
5 m.existence,
Leased for
to the
Erie
Betterments
- - - - - - -cos.,
.............
i
*ter,ra °*
corporate
Interest
Advances to subsid.
Ac_______ 3,573,598
97,710
-8,175
—
" ’
Payable
auarterly,
taxes,
and
all
cor­
Balance, surplus. ...........................*1,117,056 *1,286:417 *347,346 porate expenses. Of J-hc'51,000,000 new 4>$% gen. mtgo. bonds, $654,000
3 o ° 17 am * rem a‘nt^cr *or lm Prov ’t8.
firm f X ! <« 5 R
’ o ’ E - Jenson; Chairman of Board .Henry Fink, 27
William
St.. N. VY„" uV.-P..
Wm. G. Macdowell: See., E. H. Alden: Trcas..
—See
* 71*
andV.United
Jos.Directors.—Henry
B. Lacy. General Fink,
office, Victor
Roanoke,Va.,
Philadelphia
office.
Arcade
Bldg.
Co., V. 78. p. 288, V. 80, p. 223; V. 81. p. v614;
V.P-89,1067,
p. 470;
92, p. Fruit
527.)
York;1 Doran
L. E. Johnson.
Roanoke, Va.; Samuel Rea, W. G.Morawetz.
Macdowell,New
Joseph
fohn P
RAILWAY
.— (S e e M a p L a k e E rie A W e ste rn .) —
Green
and
J.
B.
Thayer,
Philadelphia;
Joseph
Wood
llcwy
C
FHck
P?ttsnp tn ftv
t ? , D i lpA 0 S ’ 2 . 7 i 6 5 rofies: b r a n c h e s . 2 m i l e s . L e a s e d In p e r burgh; Walter II. Taylor. Norfolk, V a.-(V . 9 1 p io26 V 92 n 882 ) P S r n P K L r « m m « Vy * \ w ^ ,c,h . g u a r a n t e e s t h e b o n d s . V . 6 2 . p . 8 2 6 .
#
Common stock (all owned by L. E. & W.), $3,580,000: preR R I S T O W N & M A I N L I N E C O N N E C T IN G R R . - O w n s double-track
roadN O .65
mile long ,lncl. bridge over Schuyklll River at Norristown. Pa. fer»u?MnnS'CUThia/VrV? 5% stock, $650,000: par of each. $100.
$4,000,000; of which
$1,500,000 con­
unLeased
to
Phlla.
& Read. Ry. at 4% on stock and Int. on bonds Reading Issued are lU m teV ^
otrno?e5rorn^?rihn0i?i
Pe/,3 asf°r
mile
Co. owns tho $50,000 stock and guarantees tho bonds._V. 75, p. 1148.)
structed or Durchased. *lJ/000
Operated
partofofcompeted
L. E. & W.roadV.hereafter
66, p. 337,
N O R T H C A R O L I N A R R . —-Owns from Goldsboro to Charlotte, N. C..
221.65
Carolelgh
Jet., 1N.1896
C., toto Carolelgh
Mills. 1.90
ra.; total
223.55
leadUv£^lfnes\n
t h ^ i)0,
h 1 Tln? lts
^ ’— ^S e e Afaps.)—Operates one of the
nfii \?inne^H«
extern terminal
at St. thence
Paul, Minn.,
miles. m.;
Leased
from
Jan.
the
Southern
Ry.$286,000
for
09 (eaual
years
at ami
pS v 11 vtr mi
«rG Pa#vLake
navigation),
and running
west$266,000
(6H%
on
stock)
per
year
till
Dec.
31
1001
and
to
ml£fnV*ri!it»ri5F £?ie*f
r?}t ,w heat
beit
offarming
Minnesota
and North
Dakota, th«
7%
on
stock)
balance
of
lease;
also
taxes.
V.
63,
p.
361
State
of
North
Montana
and
the
country
of
Washington
to
Carolina holds $3,000,000 stock.—(V. 66, p. 665’ V. 89, p 163 )
I acoma and Seattle, and to Portland, Ore., with branches.




RAILWAY STOCKS AND BONDS
ion.J
A PB .



100

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[F or a b b re v ia tio n s , cfee., see no tes o n fir s t page]

M ile s D a te
R oad B onds

P ar
V a lu e

A m ount
O u tsta n d in g

Northern Pacific (C o n clu d ed ) —
St Paul
geu M registered___________
land grant assumed..Ce c**Ar 182 1883 $1,000 ]$7,887.000 /
do & N P do
182 1883
1,000 / _______ t
Wash
A
Columbia
River
1st M
gold assumed"’
F c : 163
1805
1,000
2.620,000
New mortgages o t Northern
Pacific
R a ilw a y —
Prior
lien
M
$130,000,000
gold
land
gr__Me.c*Ar
See
2
1806
I
500
Ac
107.028.500
General
lien
M
$100,000,000
gold
land
gr
F
c*
Ar
See 2 1806 500 Ac 60,000,000
St
money
1000
8,080.000
C BPaul-Duluth
& Q coll tr MDlv
g (redpursince
Jan M'00$20,000,000
at 105). S.c*O.c*
Ar* 226 1001
1.0001,000
Ac) 107.613.500
do
do
registered.......................
r*
1001 1.000 Ac/
B o n d s U n d e r ly in g S t P a u l * D u lu th D U M o rtg a g e
St Second
Paul & mortgage
Duluth firstassumed.....................
mortgage assumed
c* 167 1881
1 ,000
-"""Cc’c*
1887
1,000 1,000,000
2 .000,000
Taylor’s F & L Sup 1st M et not drawn..
Ce c* 167
21 1884
1 ,000
2 10 .000
Duluth
S
L
1st
Mp
ftl
sink
Id
not
drawn
Cc'c*
25
1886
1,000
500.000
Consol mtge assumed 15.000,000 gold " Mn'c* 238 1808
1,000
1.000.000
Northern
Pac
Term
Co—First
M
gold
red
at
llo'..Flo1883
1,000
3.308.000
Northern
(Cal)—See53.054,000
Southern Pacific RR
Northern Railway
Securities—Stock
100
3.054.000
Northwestern
Coal
Ry—First
M guar (end) Yo'ldL'F.c*F
1 ,000
704.000
Northwestern Pacific—Stock ($35,000,000)
309 1803
100 35,000.000
Cal
Northw
1st
M
g
guar
by
St
F
&
Nor
pic
sink
fd
40 1858
1 ,0 0 0
068.000
San 1' ranclsco & Nor Pacific 1st M gold s I Me c-*r 165
1889
1,000 3.705.000
1802
p?,rti?,^arC
mt^c (now0first) gold..c 00.5 1804
1,000
1.408.000
Eel
River l&i?<l.Coa?t
Eureka*“first“>«•
mortgage
313.000
Ist&ref M $35,000,000 g red 110 aftTo'yrs."f .Vo*&r
1907 1.0001,000
Ac 5.056.000
Northwestern
RR of South
Car—First
$375,000e.c
..
66 1890
1,000
285.000
Northw Term Ry—1st
M gold
guar p &MI red..,M
1 ,000
2.025.000
Norwich
rental cAr
. . . "72 1006
100
3,000.000
Bonds &(notWorcester—Preferred
mtge) Int guar understock
lease8%
currency
1897
1,000
Norwood
& StRy.—First
L—1st M $300,000
g red 110 gold___
In 10 yrsTa
1002
500 Ac 1.200.000
Ucean
Shore
mtge $5,000,000
1005
See100.000
text
0 Berlin at 4.20 marks per dollar
z 5.130 miles. In cludln g 40 m lies not o perated; sp
M a in lin e .
Ashland,
Wls. to Portland,M ile s .
Ore.
(Incl.
5 m.Staples
terminals)
..2,171
Bralnerd and
to St.
P
au
l.....................................
181
Other lines__________
<186
Total main line___________ 2,838
Various branches....................... 2,076

a se d to o th ers.
ToL eother
companies_______ __M ile4s4'
To
Province
of Manitoba........... 355
Not operated_______________
22
Total (Inc. 48 m. trackage)._6,234
C o n tro lled p r o p e rtie s —
Minn. companies____________
A Intern. (V. 77, p. 451). 175
Other
75

R a te

%

W hen
P a y a b le

[VOL. LXX X X II.
L a st D iv id e n d P la c e s W h ere In te re st a n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le

6 g F A A Feb 1 1923
J P Morgan A Co. N Y
Feb 11 1035
1023
46 gg J Q—F
A J July
Officedo34 Nassau do
St, N Y
4 g 0 —J Jan 1 1097
J P Morgan, N Y;A Ber p
3 g Q—F
Jan
1
2047
do
do
do
do
44 gg J AA DJ Dec 11 1006
1021
do
do
4 g Q—J July
July 1 1021
do
do
55 F A A Aug 1 1931
J
P
Morgan
A
Co,
NY
A
O Oct 1 1017
do
do
6 A
1 1014
do
do
5 JM AA sJ Jan
Sept
1
1016
do
do
4 g J AA 1) June 1 1068
do
do
6g J
J Jan 1 1033
Winslow,LanlcrACo.N Y
text See text Jan 10 *11, 4% Checks mailed
Farmers’ L A Tr Co, N Y
5s e M A N May 1 1023
5 g A A O Apr 1 1028
San Francisco A New YU
55 gg .) AA J Jan 1 1010
New office,
York and
1 1012
Co’s
San Frankfort
Francisco
5 JA A ()J Jan
Oct
1
1014
Eureka
M
A
s
g
Mch
1
1057
New
York
4 A A o Apr 1 1049
Safe
Balt
1 1926
Mere I)ep
Tr Co,A NTrYCo,
A Denv
85 g J Q A-J J July
Apr
1
1011
2
% Mech Nat Bk, Worcester
45 g AM AA fl Mch 1 1027
Company’s
office
Boston
1032
City
Watert.N
0 g M A No Apr
Nov 11 1035
May Nat
1000Bk,
coup
last paidY
261 miles.

Steele, George W. Perkins. William P. Clough, James N. Hill Amos Tunk
French, Alex. S. Cochran, Wm. S. Tod, Payne Whitney and Grant B..Schley.
xTinF
oICEI^S'—Pres.,
Howard
St.Treas.,
Paul. Minn
V -P StlamesPaulm
Hill;
fcec..
George34H.Nassau
Earl, St.—(V.
NewElliott,
York;
C. A*.*• Clark'
New York
office,
0 1 , p. 30, 943, 1 1 5 3 , 1 1 7 5 .) *
’
N O R T H E R N P A C I F I C T E R M I N A L C O M P A N Y O F OREGON_Own*
/uki1 na 8 on V\e W)!Jaracn e River, Ore., at Portland, East Portland and
A.. ? fa 's f ”113?Leased
° for
r a£nes
land;from
41 m.track.dock
frontage
7.004
feet. to
o0Ry.
years
Jau. 1and
1883Oregon
Jointly
and
severallv
To.(operated
t al* ,*ncJ ^directly).............5.814
f “ ,* 4tracka£c
Total
system
June
30
1010___
6,484
Northern Pacific,
Oregon
A
Navigation
A
California
with
Second track................................ 504 guaranteed
rcntal to pay Interest, sinking fund and taxes* leases assumed
.rA
?M
iIan1
,
t^
S
,b,ra?iChCo’
“Kenwitlnc
354
m.,
were
leased
tor
90 9 "years In 1899 by new Nor. Pac. and Oregon RR. A Nav. V. 69 n oif?8811111611
f i 1
1,1° tlle Provincial Government and sub-let by the latter to nrSJ9,Cn
($3,000,000)
owned
saidand
three
(40%
by
Oregonand
Ry" held
& Nav.
Co., 40%
by
Nor.ofbyPac.
20%tocompanies
by
Oregon
&after
CaT
>h 2 , J ?-.H? V p y - at a rcntal <>' $210,000 annually for the first 10 RR.).
by
Central
Trust
Co.
New
York,
be
delivered
t$200,000.
in n h u n twith
?,i25•
°,?0
for,
10
y(iar3'
thcn
*275.000
for
10
years
and
thereafter
option of purchase any time for $7,000,000. V. 73 d 610 irnymcms t0 the sinking fund, which Is to cancel the bonds.
BONDS.—Tho
first $967,000
mtge. Is for
$5,000,000;
Infund—drawings
Feb. 1911 $4,275,000
had
„.,9
t‘;s J°lntly w.l1th Great Northern the stock of Spokane Portland & Se­
attlewRy.,
extending from Portland to Spokane, Wash with branches- been
Issued,(V.of89,
which
retired
byV.sink,
at 110 and
interest.—
p.
163;
V.
00,
p.
237;
01,
p.
154;
V.
02,
p.
110.)
total
420
miles;
additional
properties
being
acquiredIn
lo
h
-s
c
e
tC
t
cS
i
• ~ v . 61, p. 1101, V. 83, p. ti ll; V. 86, p. 1530. In 1910 acquired stocks
SECURITIES
CO.—In 1004violation
the U. of
S. Supremo
Court Act
deandwere
United
of Portland.of which
V 91 1 5p8 completed
1178
tac#companyto
,,of »Oregon
ffffij- Electric
!»10 6U8Ry.
miles
underRys.
construction,
and therefore
Illegal. be
V. a76,combination
p. 811. 010,In 1240;
V. 78, the
n. Anti-Trust
1168.
>910'a,n,d, 1“
May
1009
arranged
for
Joint
use
of
Co.'s
line
between
South
ann nnn^f
*a0o ^ rLVo0t^theonparAl>rl,'
to ruduce
tllc$100,
at°ckrepresenting
fro™ $395.­
Wash., 135 miles, with Great Northern and Union 400,000
to $3,954,000.
value21of>°°4
shares
tocompletion
remain
I uClUC. V. 0Vancouver.
0 , p. 1373.
in the treasury,
pending
of dissolution'
HISTORY.—This Wisconsin company on Sept. 1 1896 succeeded to the Dm rcmelnlng assets 138.2'
,
Ilcl)ort,
for
cal.
year
1910
was
In
V.
02, p. 115.
railroads, InlandJulygrant
propertyperofplan
the InNorthern
foreclosed
1806and
andother
reorganized
V. 62, p.Pacific
550. RR. Jam !% ;;fcmoS;7a°nr2H % ;a!orL JCa°n ^ yeally 1008 t0 1008>
The450
original
Pacific
wasInchartered
^ i i,£ iIC4W.RoP._^Presl’
J * 26
Illll:Liberty
Sec. and
T. 92,
Nichols;
1864;
milesNorthern
to Bismarck
wereCompany
foreclosed
1875. by Congress July 2 rCounsel,
Clough. Office,
St.,Treas.,
N. Y.—E.(V.
p. 1 1 5Gen.
)
.STOCK.—The
$75,000,000
preferred
stock
was
paid
off
at
par
on
Jan.
1
N O R T H W E S T E R N C O A L RY.—See page 169.
1902.
the
common
being
Increased
from
$80,000,000
to
$155,000,000
N O R T H W E S T . — See Chicago A North Western.
In Jan.to 1907
for $03,000,000
newV.stock
par
paidStockholders
In Installments
Jan. subscribed
1909. V. 83,
p. 1471, 1524;
84. p.at 221*
T H WESTERN P A C I F I C RR.— {See M a p A tc h . T o p . <& S . F ) __
from Point TIburon and Sauscllto. Cal
DIVIDENDS—
\ ’03. ’04. ’05. ’06. ’07. *08. ’09. ’10. 1911 * hri^n^h^o sys.ter”S«aextending
n ,fraocIsco. 6 ^ miles), northerly to Eureka, wftli
On• common.............(%)/
7
6
^
7
7
7
*7 7 7 To Mav, 3 V4
Also Dec. 1008 11.26%from sur. of N. W. Impt Co. V. 87, p.1238 and Atchit.T n V 'K 'pS
TOMn»Corp
YJan' 8 $17,500,000
the lntcrest
of South.
Pao.
Fo, 'which
stock,
tookShore
over
the new Prior
the Cal.
A No. each
W owns
the San Fran. A No.
Pao.,andNorth
of BONDS.—Abstracts
1806 were In V. 63, p.of 1012-1010.
1072.Lien and General Lien mortgages by consolldatkm
Ffa
‘
&
^
orthwestern,
Eureka
A
Klamath
River
and
Fort
Bragg
P r io r lie n 4%s purchasable with land sales at not exceeding.
otern* A connecting line of over 100 miles to bo built from
110 (but not subject to call), not over $500,000 cash yearly.
^ill^NT^?oFeRPer'
m-» Is toPac.
be completed
1011. pe mile; s. f.
to be so applied. Total Issue.........................................
$ 1 3 0 000 000
>i San yI*,00d’
ran. A North.
5s issued atIn$25,000
Issued
(of
which
$5,617,100
In
treasury
June
30
1910)____
107
028
500
52
a
’
P
??
5
iyi£rbE.IuiSi?rawJ1
110
anti
lnt*
abstract
49,p.p.1252.
241.)
Issued, but purchased and canceled...............
6* 121*500 A? lu ° J? ^ ortk ^hpre 5s dated 1002, sec V. 80, p. 1013; V.V.74,
Reserved
to retire St. Paul
A N. P. and
West. RR.
4..^s
of
1007
($35,000,000
auth.),
$5,056,000
fror new construction,
betterments,
equipment,
Ac.,bonds!!
under 8,350,000 JT.?fw?ui8ta «« an(i rcfu!^i5g
1010a11 owned
Southern
Paclllo; thobonds,
mortgage,
carefully guarded provisions, but not exceeding $1,500 000
to retire
a like by
amount
of$13,324,000
underlying
$5.per annum. Originally $25,000,000—still held................... 8.500.000 nrm 2 t .r5^'676'000*
,mProyemcnts
and
equipment
and
for
branches
Of
the
$190,000,000
general
lien
bonds,
$130,000,000
are
reserved
to
extensions,
Including
one
from
Shively
to
Wlllets
and
from
Wendretire the prior lien bonds at maturity.
Hng
line from Uklah to TIburon and Sauscllto.
* ■ 64,to p.a connect
221, 604;onV.with
85, p.the222.
_
‘A i P u! u tn
mortgage
secures
$20,990,000
purchase
money
bonds
on
the
former
St.
Paul
&
Duluth,
of
which
$0,215,000
were
EARNINGS.—8
mos.,11910-11...........Gross,
$2,270,848;
net, $599,829
Isaued
to acquire
the balance
road, $5,283,000
are reserved
retire existing
P
Julyending
1 to Feb.
28.30 1910,
(1909-10-------Gross, net.
2,106,434;
net.
642 478
* D. bonds
and the
for Improvements
to theto property
V St
70 n
Year
June
gross.
$3,167,806;
after
taxes..
$846,169*
>2*0:
,V-71.
p.
1167.
The
lands
Included
In
the
grant
of
X
former
St.PaSi
other
Income,
$141,381;
charges,
$651,004;
bal.,
sur.,
$336,546.
8c Duluth arc estimated to be worth about $4,000,000. and were not cov- NORTHWESTERN RR. OF SOUTH CAROLINA.— {See M a p A tla n tic
«*d bofF /hthef °>d
mtges.
be sold
and or.
proceeds
?6 pur­
oast L in e .) — -Wilson Mill, S. C., via Sumter to Camden, 62.5 miles; branch
chase
bonds
at notThey
overare105toand
Interest,
If not applied
purchasable
at CMillard
to St. Paul, 3.5 m.; trackage, 5 m.; total, 71 miles. Stock, $100,000
that
price,
then
to
betterments,
Improvements
or
additions
to
the
mort­
,^ aIti yearlY
Dec.ending
1900 toJune
1002;30 1003
1005, 6%;
1007 and
gaged premises or equipment therefor. To July 1910 $ 2 3 3 9 0 0 0 had 1009, 4%; 6^1910,
Year
1910,to gross,
$118,072;
net
been thus purchased and canceled. V. 71, p. 1167; V. 72, p. 3 3 9 . U naa Income. $56,038; 5%.
Int.,
rentals,
Ao.,
$17,582;
dividends
(4%),
$5,000;
LAND GRANT.—The land grant was 12,800 acres to the mile In the Dal., sur., $33,456.
States
of Minnesota
and Oregon
andJune
25,600
acres 9,949,085
per mile Inacres
the viz
(then)
O R T H W E S T E R N T E R M I N A L R Y . —Owns terminals covering 36 acres
Intermediate
territories.
Unsold on
30 1910,
at NDenver
and 54 acres of right of way in that city, and 40 acres of freight
....................
28,332|ldaho________
_________
417,275
Minnesota........
at Utah Junction, 3 miles north of Denver. Leased for 09 years
North Dakota...................... 2,1161 Washington..........................2,227,354 terminals
hterc8«’
t^ xe8.oan«rvrJ?«l.ntcnance to Denver Northwestern A Pacific,
Wyoming---------------- 6,876,967|
39,506 Oregon................................. 318,515 Hnnril nn^nnn^'Sth,0i°°
8fock
guarantees bonds,
and lnt 1
Montana ...........................
ad
at
5i
3
o?°nAd°?n?
tu
Issu®
) areatand
redeemable
1 prln.
1911
Sales In 1909-10 539,127 acres. Net cash receipts, $2,135,666.
1916 at Laramie
105 and Alnt..
thereafter
102 ^ V.from
89,90,p.July
094;503.)
V. 90.to dJuly
. 503
Denver
N.
W.
also
uses
facilities.—(V.
p.
.1 ?
1004
Nor.
Pac.
and
Gt.
Northern
had
acquired
$107,­
612,600
of
the
$110,839,100
stock
of
Chic.
Burl.
&
Quincy
RR.
In
exchange
c
c
s
t
e
^
—Owns
from
Norwich,
Conn.,
to
Wortor their Joint 20-year 4% gold bonds secured by the deposit of the stock In I eised R o w P n S n /i oAn^h’ ^ orwlch to Groton. 13 m.; total, 72 miles
i/1 72.
1 o p.a 871,
>h.e basis
$200V. In73,bonds
eachV 85,
$100p. stock.
Leased
NewA H.'i ^Inn 1898;
d RR.rental
for 998%years
from stock.—V.
Feb. 1 1869,70.andp. accepted
V.
1034, of1135;
p. 294,for610;
601. See circular, N.
Y. N.to II.
on pref.
125: by
EARNINGS.—8
mos„
/1910-11___
Gross,
$44,701,999;
net,
$17,716,375
RR.—Norwood
to
Waddlngton,
N. Y.,
July 1 to Feb. 2 8 . J1009-10-----Gross, 49,286,060; net, 19,436,239
sharps’Ti’.nfl°?n
sion io,n
H du arc
’ 138,ibJect
rV*.’ °Pencd
»0(>9*
«tock
$100,000;
par
REPORT.—For 1909-10 In V. 91, p. 943, and 1153, 1175; edit., p. 1131. of
2ndln«?
to
call
at
110
after
Anrll
1
1912.
Year
fnt and rental*
^02*411i nct* $42,854; other Income, $6,703;
Average Z T l
3_ ° ~ _ .............
1,0V 7“j5 19°85°6°71
M I? H m n i t t 8
’ Sal«’ 8Ur- $$5.475* P ™ - C h n s. H. Remington;
Passenge^earnTncs.............................. $48,758.-736 $47.073;305 $46,423,'836 t^n°TYeM.“ewfa ?m ow n; N .
N' Y’: R ‘ Rcmln*^ r K rcn ?fm transportation::
double'tmrkH!?.Ri ; . RVTV CAI-H:0RN1 A.—1Ootis partly constructed road.
Revenue other than transportation.. 761,960
6 4 0 ,7 3 2
5 9 8 ,5 2 6
o?wh£h
.fromtban
Francisco.and
Cal.,15 toH north
Santafrom
Cruz,Santa
80 miles,
Total operating revenue.------------$74,525.820 $c>8 ii>o 7.17 *,i\ h ‘>20 6 7 7 bf
,ror? Sa“ Franclsco
Cruz
Operating
Income
(overtaxes)............$25,518,806
$28,’322,‘267
$26,303,433
si
nr?
non
hh'm
.J
K.?ap
0(
28
^
m»esSold
at-auotlon
Jan,
17
for
Other Income-------------------3,956,305 3.697,638 4,114,143 has been con^rSirt - t,rJJ3K e to hondholdcrs- committee (see below).1011Sale
1
T
a
m
i
^
J
c
®°P1077:
V.
01.
p.
510,
871;
V.
02,
p.
202,
300.
Gross
Incomo..................................
$29,475,201
$32,019,905
$30,417,577
a REOROAk? 7 A T i n ' Stratton was appointed receiver. V. 0 0 , p. 1543.
Rentals on
paid............................
$509,928
$337,136 $318,718 bondhohl?rV'NeInmmf.9N
Interest
funded debt.....................
6,669,014 6.775,003
plan Issued
In Oot.
by tho
Int. A comm, on new stock subscrip.
........... 3,268,416 7,098,908
provide, fn?
IUce, PLAN.—Tbe
Charles C. Moore,
Chairman
(V. 01010
1 , p. 1255),
3,106,883
Dividends
on
stock
(7%)......
17,360,000
lRt
M
hhnd.
.
l
8lnfillSS„by
a
new
coml>any
after
forcolosuro
of
$3,500,000
14,105.000
10,850,000
Insurance fund__________________
_____
$8 50 0 nhoJ5j.500'0003took'
2d,U ' 5%
bonds’
**»».onolsts
»% will
non-bum.
pref.
2,784,950 and
ds emi'al°?b0n?.^c.onJI?0.n
Present
$5,000,000
reoclvo
now
Net surplus for year______ $4,036,259
$7,534,350 $6,258,118 2litVahoot
»Lan Hun ln>an<l
apref.
bonus
111 new
common
stook.
Of tho
now
tnniur
nr
wl>t'
i
he
stock
as
far
as
necessary,
may
ho
used
DIRECTORS.—Arthur
C.
James,
George
F,
Baker,
William
Sloane,
J. Plerpont Morgan Jr., Lewis Cass Ledyard* Howard Elliott, Charles ment of tho road. Union debt’
completion and
Trustremaining
Co. of Sanbonds
Fran.forIs depositary.
, equip­



A p r ., 1911

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[F or a b b re v ia tio n s, i fee., see no tes o n fir s t pa g e ]

Ogden
Mine RR—Stock
(8% rental Central of N J)- -Ogdensburg
& Lake Champlain Ry.—Sec Rutland RR
Ohio Conn Ry—1st
M $2,000,000 g gu p A l(text) F.c*
Ohio & Kentucky—1st M gold sink fd call at 110-C“
Ohio &River—First
Little Kanawha
Ry—Flrat
M.goldgold-.FP
red 105 c*
Ohio
mortgage
($2,000,000)
General
M
($3,000,000)
gold
first
on
30
miles.-FP.c*
Rav
Sp A Glen
1stSM1st$400,000
g gu pgold
A l-..FP.c^
Huntington
A Dig
M ($400,000)
guar-.c*
Ohio
River
&
Western—First
mortgage
$600,000
g--F
Oklahoma Central—Receivers’ certfs $500,000 auth
1st
M
$10,000,000
redeem
(text)..............................
Old Colony—Stock 7% guaranteed by rental...........c*
Bonds not
not mortgage
mortgage................
Bonds
(authorized $3,000,000)
g.c*Ar
Bonds
not
mortgage.........................—
................c&r
Bonds not mortgage— ...............................:---c« r
Omaha
Bridge
Ry—First
Mg ($5,000,000).
Opelousas
Q & &.NTerminal
L—1st
Mdrawn
$5,000,000
.Me
Oregon
&
Cal—1st
M
gold
at
100
gugup (text)
A l.Un.c*
Oregon-Wash RR & Nav—Com stk $50,000,000
auth­
o r RR & Nav cons (now 1 st) $24,312,800 gold.N.c*
New mortgage to be authorized (sec te x t)...
Utah & North 1st M ext in 10 0 8 (V 80 p 1410) ...c '
Cons1stMMgu$36,500,000
$15,000 p ragold
sf not
Cons
(1stdrawn
M on gold.
400 m-).AB.c*
(l.c1
Ref
M
$100,000,000
g
gu
p
&
l
red
(text)
- .Eq.c*A
Income
bonds
Series
A
5%
non-cumulatlve........Ol
do
Scries I) non-cumulatlve..............(

M ile s D a te
Road Bonds

10
269
80
172
209
33
11
111
132
24
57
670
1,142
600
477
477
1,479

...
__

....

1003
1896
1900
1886
1887
1890
1892
1903
1908
1905
1888
1894
1895
1902
1893
1906
1887
1896
1882
1878
1886
1897
1904
1897
1897
1902
1876
1883
1905
1881

P ar
V a lu e

$100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1.000
1,000
1,000 Ac
AC
1.000 100
Ac
1,000
1,000
1,000
1,666
1,000
1,000
500 Ac
1,000
500 Ac
Ac

101
L a st D iv id e n d
a n d M a tu r ity

P laces W h e re In te re st a n d
D iv id e n d s a re P a y a b le

$450,000 5 J A J Jan 1911 2 H %
2,000,000
4 g M A S Sept 11 1943
250,000
1926
5 gg JM AA SJ July
228,000
Mch 11 1936
1950
5
2,000,000 6 g J A 1) June
Apr 1 1937
2,941,000
376.000 o5 gg AF AA Ao Aug 1 1920
303.000
6
g
A .1 July 1 1922
J
600,000 04 g M A S Sept 1 105.1
387,000
1011
3,180,000
5 g JM AA N15D Nov
Deo 1151945
21,164.000
7
Q—J
Apr
11*11.
4,000,000 4 J A J Jan 1 19381
3,000,000
44 g JF AA A\) Feb
5,598,000
Dec 11 1924
1925
1,000,000
3H
J A J July 1 1932
1,750,000 5 J A J Feb 1 1943
1,143,000 55 gg M AA SJ July
Mch l1 1956
17.745,000
1927
J
(?)
23.380.000 4 g J A D June 1 1946
Feb 1 1022
14.931,000 46 g(7) F AA AJ July
1933
JJ A J July 11 1926
4.991,000
1.802.00C
5
g
1 1946
12.328.00C 5 g J AA DJ July
Dec 11 1929
Sec
text 5% 4IngSc pJ t 1910 July
1946
X.315.00C
July
X55.00C 4 In 1910 J Oct
Dec 11 1946
1960
AA no Apr
250,000 5 g AF A A 20 Feb 201 1922
1911
1,320,400
9
438,000 See 5 text See AtextN Matured
May
1923
668,000
M
250,000
J A J Oct 1 1945
1,200,000 56 gg M A N Nov 1 1931

608 Chestnut Street, Phil
Farmers’
L A Tr
Co,York
NY
1 Broadway,
New
Knickerbocker
Tr
Co,NY
Central Trust Co, N Y
do
do
do or Philadelphia
do
NewYork
Hambleton A Co, Balt
F J LIsman A Co , N Y
n default.
)fflce,
Boston
do
do
do office, Boston
Treasurer’s
Miss
Valley
Corp,Co.
N YN Y
Mercantile Trust
South
Pacino
Co.
NN YY
Office
120 and
B’way,
New York
Germany
120 Broadway, NewYork
do
do
do
do
do
do
do
do
do
do
do
do
Apr
'10
coupon
not
Del LackA West RR,NpaidY
do
do
do
do
In
default
71 Broadway, New „York,

Am ount
O u tsta n d in g

R a te
%

W hen
P a y a b le

500 Ac
5C
35
Oswego & Syracuse—Stock 9% guaranteed D L & W
l ,ooc
35
Consolidated mortgage (guaranteed by D U W).
1,000
35
Construction
mortgagemortgage
guar (for$250,000
$1,000,000).........I
l.OOC
20
Overton
County—First
gold.--.
1,000
88
Owensboro
&
Nashville—First
mortgage
gold.-.Cc.c
Ozark & Cher Cent—See St Louis A San Francisco
x Amounts held by public.
of which 660
131m.miles.
narrow-gauge,*195
being water
lines.
Ocean
STOCK AND BONDS.—Stock, $5,000,000. all outstanding; par $100 total, 1,427
San m.,
Francisco,
Yakima division,
Attalla,
wasn.,
to
ot the bonds. $3,000,000 are outstanding In the hands fo the public and line to Yakima,
98 miles, opened March 1911.
$2,000,000 held as collateral for loans; Merc. Tr. Co.. San Fran., trustee. North
ORGANIZATION.—Incorn.
In
Oregon
Nov.
23
1
9
1
0
and
on
Deo.
2S
OFFICERS.—Pres, and Gen. Man., J Downey Harvey; 1st V.-P.. 1910 took over by purchase the Oregon HR. A Nav. Co.. North Coast Ry..
J. A. Folger;
V.-P..
Plllshury;
Treas..
affiliated lines controlled by the Union Pacific. V . 91, p. 1447, lo i-.
bet.—(V.
01, 2nd
p. 871,
1020,Horace
11111, I)1255.
1117; V.Sec.02,and
p. 202,
300.)Burke Cor­ and
1630, 1768. Stock auth., $50,000,000, to be owned mostly by the Union
Pacific RR. directly and through the Oregon Short Line.
011D12N
MINE
RR.—Owns
Nolan's
Point
(Lake
Hopatcong)
to
Sparta
(or Ogden Mine). N. J., 10 miles. 1,eased for 000 years from Jan. 1 1882 BONDS.—A new mtge. will be auth., possibly $150,000,000 In amount,
to Central RR. of N. J. for 5% per an. on stock and $500 yearly for org. exp. with
a second lien on the old Oregon RR. A Nav. Co. and a first mortgage
remainder.
OHIO CONNECTING RY.—Owns bridge over Ohio River near Pitts­ onAntheabstract
of Oregon RR. A Nav. consol. M. was ,In „V. 63, p. 9-8.
burgh
Pa.,
and
approaches,
0.08
miles.
Leased
from
Oct.
20
1800
for
no
EARNINGS.—From
Dec. 24 1910 to Feb. 28 1911. gross, $2,595,036;
definite
time to InPitts.
Chic.$1,000,000
& St. I.ouls
Ry ; rental, Innet$50earnings.
Stock Increased
Dec.Clncln.
1002 from
to $2,000,000,
shares. net,For$678,051.
_ gross,
year
ending
June
30 1910, earnings of Ore. __
RR.__A „Nav. Co.,
Bonds
arc
guaranteed
as
to
principal
and
Interest
by
endorsement
by
Pennsylvanla
C o m p a n y . which on Jan. I 1911 owned the entire stock. Form of $15,054,740, against $12,626,531 In 1908-09: net, $6,248,272, against
guaranty,
81, p.
000. Dlvs.
In 1000.5%:
to 1010,
7%. charges.
For cal. $6,219,812.—(V. 91, p. 1447, 1512, 1630, 1768.)
year
1010. V.gross,
$503,214;
net, $101,308;
other1007Incomo,
361,721:
O R E G O N S H O R T L I N E R R — ( S e e M a p U n. P a c .) - - granger, Wyo.. to
$80,000; dlv. (7%), $110,000; bal.. sur . $243,020 —(V. 82, p. 7o2.)
Huntington,
Ore., 542 miles; branch to Ketchum, Ida., 70 m.; Ogden to MoIda., til m.; Pocatello to Sliver Bow, Mont., 256 m.; Cache Jet.,
OHIO & KENTUCKY RY.—Owns from Lex. & East. Ry. at Jackson, Caramon,
Ida.,
to
Preston,
42 m.;
Ogden, Utah,
50 m.:butsundry
Ky.,
to
canncl
coal
Helds
In
Morgan
County,
Ky.,
26
miles.
com­
branches, Ac., 426 Utah,
m.; Butte
to Garrison,
Mont.,to57Sandy.
m., owned,
oper.
mon
stock,
$200,000;
preferred
stock,
$100,000;$175,000.
bonds, as above,
$250,000;
byOnNor.
Pac.;
trackage.
11
in.;
total,
June
3 0 1 9 1 °, 1 .5 6 5 miles.
Junior
sccurltes
to
be
taken
by
stockholders,
Bonds
are
guar­
July 7 1903 the portion of the main line from Salt Lake City, Utah,, to
anteed by Kentucky Block Canncl Coal Co. Year ending June 30 1010, gross, Callcntes,
512 Lake
m. In all,
purchase by San Pedro
$03,703; net, $30,511. In 1008-00, gross, $70,057; net, $20,301: lnt., Los AngelesNcv.,
Ry ,was
thetaken
Shortover
Linounder
acquiring a half Interest in
taxes, &c., $24,314: bal., def„ $4,013. In 1007-08, gross, $86,010; net, San Pedro L. AA.Salt
A
S.
L.
V.
79,
p.
1705.
V.
76
p.
919,1356:
V. 77,Ap.Utah
38.
$24,201. Pres., \V. dc L. VValbrldgc, 1 Broadway, N. Y.
HISTORY.—Successor
March
16In 1897
ofp.the504,Oregon
Short
Line
OHIO & LITTLE KANAWHA RY.—Zanesville. O., to Marietta. *c.. Northern
Ry.,
foreclosed
per
plan
V.
62,
505.
Controlled
by
Un.
80
miles. mtge.
V. 00. p. 007. Balt.
& Ohio has
pledgedprof,
understock.
Its Pitts.
holds932.
nearlyIn entire
capital $5,685,750
stock. Seestock
alsoand
Bonds
below.
West
$824,000
V. L.E.&
73, p. Pac.,
V. 84, which
p. 52, 572,
1907 acquired
$1.'034.000
1204. Va.
Stock; coin.,3585.000
$018,000:common
pref., $and
1 ,107,500. Year 1000-10, gross, $290.­ bonds of Utah Light A Ry.. Salt Lake City. V .83.p. 1171; V. 87, p. 1548-9
320: net. $47,503; charges (?).—(V 73, p. 1204.)
CAPITAL STOCK.—Stockholders voted Oct. 12 1910 to Increase the
OHIO
R I V E R R R . —(See B . A o . M a p .)—In July 1001 purchased by the authorized
from
$60,000,000
to $100,000,000,
the newOutstanding,
stock when
Balt.
& Ohio
RR., which has pledged $5,884,400 of the $5,015,430 capital
to gostock
toofthe
Union
Pacific
In adjustment
of accounts.
stock as part security for its own Pitts. L. E. & W. V a . 4s. V. 73, p, 287. Issued
$27
460.100.
which
Union
Pacific
owns
$27,350,700;
remainder
In treas­
& WESTERN
RY.—Owns
Bcllalre.
O., Successor
to Mill Run.
111OHIO
miles;RIVER
narrow-gauge
trackage
to Zanesville,
1 mile.
Jan.O.,1 ury* V. 91, p. 871. In 1906 and again In 1910 paid 50% dividend.
1003 toauth..
Bcllalre
Zanesvilleoutstanding
& CincinnatiJuno
RR.30 V1010,
80, $053,014;
p. 103, 473.par,000,$100.
1013. V*BO,N %S.~ FHrst 'c o n so ls , $22,029,000 were reserved to retire old bonds.
Stock
$1,200,000’
Scries A Incomes, non-cumulatlve 5 per cents haye recelvcd. In Sept.
In
year
ending
June
30
1010,
gross,
$101,350;
net,
$19,000;
lnt.
on
bonds,
4%; Sept,
since,
5%, at stock
N. Y. office
or Old Col. from
Tr** Boston.
&0 ., $25,509; bal., dcf., $5,873. In 1907-08, gross, $102,715: net. $25,408; 1897,
1’he
HR.yearly
A Nav.
Co.fullcommon
was withdrawn
tho In­
Pres., S. L. Mooney; Treas.,W. C. Mooney,Woodslleld, O.—(V.83,p.l000.) come BOre.
mtge.
and
pledged
under
the
4%
refunding
mtge—see
Below.
No
collateral
was
substituted
under
the
Income
B.
mtge.
The
U.
I
.
HR.
i^o.
Lehigh. Okla, to Chlokasha, 128.45 owns all but $37,000 of the Income B bonds and consented to the exchange.
OKLAHOMA
CENTRAL
RR. -Owns
miles:
branch, 0.50
in.: trackage
at Chlokasna, O.OOjm.: leases Ada Term. Scries
B received In Oct. 1898 3% and in Oct. 1899 to 1910, lncl., 4 /o
Ry., 1.03receiver.
111 .; total. 131.80 miles. Juno 5 1008 Asa E. Ramsay was ap­
V. 05,Pacific
p. 572:
V.the00,Oregon
p. 1141.
pointed
V. 80, p. 1344, 1410. Of $500,000 receivers; certificates yearly.
Tho
Union
and
all but
$315,000
of the
authorized,
$387,OIK)
had
been
sold
In
Deo.
10111.
V
88,
p.
lo8.
In
April
$7,185,000
Incomo
A
bonds
and
U.Short
P. allLine
butowns
$55,000
of the
$14,841,000
1010 a majority of the bonds had been deposited with a committee, 1. J . B bonds, the amounts named Inthe
the hands of tho public being provided for
LIsman,
Chairman
(Columbia
Trust
Co.,
N.
Y.,
depositary).
V.
87,
p.
theref.
newgold
mortgage
1910. trust) of 1904 (authorized Issue, $100,000,­
1100. Stock (par of shares $100). $2,010,000. Western Trust & Savings byThe
guar. 4sof(collat.
Bank.30Chicago,
Is mortgage
trustoc.
V.
82,30p.1010,
752.gross.
Equipment
notes
000)
are
subject
to
call
at
102
'A since Deo. 1 1907. The bonds are secured
June
1010,
$25,714.
For
year
ending
June
$210,005,
net,
by pledge of the following stocks:
$108,000,000 com. Southern Pacific,
$27,317; taxes, $31,020: Interest, $10,574: rents and hire of equipment, $23,443,000
San
Pedro
Los
Angeles
& Salt
4s, $7,200,400
513,258; balance, deficit, $34,135.—(V. 01, p. 30, 155.)
Ohio
pref.
and
$10,255,400
com.
stock
andLake
$8,000,000
N. Y.C. ABaltlmoi^
H.K . RB.&
OLD
COLONY
RR.
(MASS.)—Owns
rond
from
Boston
to
ProvIncctown,
stock.
The
collateral
may
bo
replaced
by
other
of
equal
value.
Of tne
Mass., Newport, U. I„ Ac., 5)8 miles: leases 101 miles. In June 1007 a
$45,000,000
has been
the otremaining
being held
m
bill was passed permitting purchase of Boston & Providence (leased line). bonds,
Union Pacific
treasury.
Sco sold,
abstract
mortgage,$55,000,000
V. 80, p. 2403.
V. 79.
LEASE.—In
1803
leased
to
New
York
New
Haven
A
Hartford
tor
09
1st ami consol. M. bonds ($1 5 0 ,0 0 0 ,0 0 0 auth. Issue. Interest lim­
years.leaseOfprovides
the stock,
$7,749,400
was
onnerJune
30 on
1910stock
heldnotbyexchanged.
the lessee. ^itedOf totile5%),
$34,422,000
bo reserved
to corporate
retire underlying
bonds
The
for In
dividends
of1911
7%$800,000
annum
$24,000,000
Scr.
Aaswilla whole
bewill
Issued
at first
for
purposes:
seriesand
V.
76,
p.
247,
374.
March
stock
was
sold
at
auction,
subject
to
call
at
105
beginning
Dec.
1915.
other
series
onA
raising the amount outstanding to $21,164,000. V. 92, p. 396, 660, 726. are
such terms and at such times as tile directors or executive committee may
— (V. 89, p. 1597; V. 91, p. 1026; V. 92, p. 396, 660. 726.)
OPELOUSAS
& NORTHEASTERN RR.—Owns fifty-seven miles fix. V. 91, p. 1512.
• E A R N IN G S.— 8 mos., 11910-11------Gross. $13,057,435; net. $ 5 .7 1 1,132
from
Melville toGULF
Crowley,
opened Oct. 2 1907. Stock authorized,
• For
Julyvear
1 toending
Fob. 28.
net, 7. 1 42.082
000,000,
of
which
Tex.
A
Pac.will
ownsbe$1,400,000:
par Aof Pac.
shares,
$25. Bonds
June 30J1900-10-----Gross,
1910,gross, $2 0 ,8 21S.774.433;
2 ,8 4 6 , agst. $17,784,580 In
authorized, $20,000 per mile,
guar, by Tex.
as Issued,
ln t
1908-09; net, $11,281,272, agst. $10,470 88 1.—(V. 91. p. 1512, 1711.)
$1,143,000
bonds
Issued
Deo.
31
1910
were
all
owned
by
the
Tex.
A
1
ac.
V.
82.
98; V. 83. p.La.688;N.V.Y.86.office,
p. 792.195 Pres.,
C. E.(V.Sattcrlce;
Sec., P. B. O R E G O N & S O U T H E A S T E R N R R . — Cottage Grove to Dlsston. 20 m .
Bert,0. Opelousas,
B’way.—
85, p. 922.)
Inconstruction
Oct. 1DO0: branches,
4 m.; total,
m. Extension
Bonita.
0pro’.,
m„ under
Inoutstanding,
Mch. 1010.
Stock..4authorized,
coin
,to$.>00,000,
OREGON & CALIFORNIA RR .— (S e e M a p S o u th e r n P a c .) rrP ?rtJjn(J. completed
7%
cum.
$500,000;
$400,000
of
each:
par
of
shares,$100.
Ore.,
to
California
State
line,
367
m.;
Albany
Jet.
to
Lebanon.
12
m.,
Port­
$250,000 said to be outstanding. Coupons due April 1 1910 were
land
Corvallis,
97 m.; 81
Woodburn
to Natron,
m.; Portland,
to notBonds,
suit was
V. 9taxes
0 . p 1207.
Alrlee,to Ore.,
and branch,
in.; Mohawk
Jet. to 03VVendllng,
16 m.;Ore.,
Spring­
For paid
year when
endingduo.
Juno In
30 1910
1009,foreclosure
gross. 530,808;
net,brought.
*10.740. lnt.,
& o ..
field to Springfield Jet., 1 m.; trackage, 1 m. Total, 606 miles.
$26,853; bal., dcf., $10,113. Pres., G. B. Hengcn, 10o7 Monadnock
LEASE,
Ac.—Leased
to
Southern
Pacific
Co
for
34
years
from
Aug.
1
Chicago.—V. 00, p. 1297.)
1803. the lessee guaranteeing lnt. on the bonds and the
receiving any Block,
OSWEGO & SYRACUSE RR.—Owns from Oswego. N. Y., to Syracuse,
net profit are
andpayable
being charged
with any
deficitPacific
after payment
charges.
Bet­
35 miles Lackawanna
Leased In 1869
during length of charter and renewal thereof
terments
by$12,000,000
lessor.
Southern
owns
allofbut
JJo.oUJ
or toN. theY.,Delaware
& Western R R .^ . for 9% per year on $1,
the
$19,000,000
stock,
of
which
Is
7%
pref.
V.
72.
p.
287.
stock and Interest on bonds. I he $438,000 7 „ bonds which ma­
Duo Southern Pacific June 30 1910, $4,946,702. Litigation, V. 88, p. 376. 320,400
March 1 1907 are held In treasury of D. L. & W.—V. 86. p. 513.
BONDS.—Land grant acreage unsold June 30 1910, 2,342.350, part be­ tured
O V E R T O N C O U N T Y R R . —Owns Allgood, Tcnn.. on Southern Ry.. to
ing
covered
by
the
mtge.,
proceeds
of
land
sales
going
to
redeem
bonds
Livingston,
Extension
easterly
City.
(subject to call at par). The Southern Pacific guaranty of principal and Cln.
New Orl.20Amiles.
Texas Pao.,
76.4 miles.
Is totoboJunction
built under
theKy..
nameonof the
the
Interest Is printed on each of tho 5% bonds. See V. 63, p. 754.
Clncln.
A
Nasliv.
RR.,
for
which
$
2 ,0 0 0 ,0 0 0 1 st M. 45-ycar gold 5s w 11 bo
EARNINGS.—Year
ending
Juno
30
1910,
gross,
$8,829,649;
net,
$4,­
On Oot. 1 1010 Geo. A. Clark, of Nashville, Tcnn., was appointed
120,491; other Income, $5,209; lnt., taxes, Ac., $2,082,107; bal., sur., Issued.
receiver.
01, p. 1026.
auth..trustee.
$2.>0,000,
was Tr.
to beA Increased
$2,043,503.—(V. 80. p. 2220; V. 88, p. 376.)
52.500,000.V. Bonds,
see tableStock
above:
Colonial
bav. Bank,to
OREGON-WASHINGTON
RAILROAD
& NAVIGATIONS.—(5* Map Chicago. V. 81, p. 727. Car trusts, $18,000. Year ending June 3 0 1910,
U n io n P a c ific .)—Tho company, a merger of Union Pacific lines, has ubder gross S30 610 agst $31,525 In 1008-09: net. $11.304, agst. $11,448: lnt..
construction
and projected In Washington and Oregon a total of 3,474 K , £
16 ® bal.'. dcf., $4,570. Pres.. Geo L Wilkins Chicago:
miles,
of Include
which 2,462
In operation
or
under
construction
Nov.June
1910.30 1910 Sco. and Treas.,
E. C. Knight, Livingston. Tcnn.—(V. 91. p. 1026.) ■
These
the
Oregon
RR.
A
Navigation,
which
on
O W E N S B O R O & N A S H V I L L E R Y . — Owns from Owensboro. Ky.. to
owned from East Portland, Ore., to Huntington, Ore., 402 miles; I cndle- Adalrvllte,
Ky„
84 miles; Mud River branch. 4 miles. Operated by
ton. Ore., to Spokane, Wash., 298 m.: branches, 724 in.; trackage, 3 m.;




le s s o r




BEiGiNA

p R ussell
B in sc arth

Glenf^Jj1

L ake
V in n ip e g

M a n ito b a

northern pacific railway

A ^ilnnedosta

(EASTERN SECTION)

gbWlNNIPEG'
■ QlPORTAGE JC .
/flB t.N orbecfr
w £ t.A g a th e
ttS i/v er P la in s
/M ORRIS
LSuJean
\ljete llie r
^E m erso n

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St.Johns.
\
E an g d o i
Y C ando

n'o.rtRTn

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N epigoi

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A rth u r

*R ainy
^L ake

m esm o n t
itrsb u rg
T hief River
I
aujou^osstou

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M t.Irou

r<C/

•Eeuiniou

[C hanning X-

JV atersraeet'

vvcy
'Hayward^

'Hinckle;

Florence^

^crS u perlor J<
i ^C hicag o Jo.
SGSAHTSB’G
cv. «%.

PlnpCSr.

iSorcau

Mobridgl

.v^C aS

Prow n’s Vall<

^Turtle L akt
*\

Richmond

R edtield'

pierre'

WooLsey5

ST.

Jtedw c
Tracy
Slayton

tmberlain

^ermilliqi

y S ib le y
'Sheldon

Lake Cryst

S p a rta

o>------^W inneha.

pp*
/
S p en cer

Cherokee^'D ak ota

.P arish

'A.ntlgo
O conto J c.
Iwausui
E land Jc,

b^yiir&nu
Rapids
/
U **£j

S t.P e te jy v

leron La1z9lt? /
E lm o re l A lbert

Sio&x Falls’
intdn)

-----

lutchlnson*
P.
G lencoe' C J/askaj

iranluj'
Marshall

W atei

P ren ti

Medford/

,Pre6toi
^dly Jd
M ason

W aukon£

N^e>

fecedah V®
^Douglas\jr[lg^]

p K IPortage)

^Richland
\
A .C en . / \ w a
f—
MAP ISPA K-j
ITT
N^nodgeV-yl'
Pi
in caster \
/
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M anlstftjue

Ape., 1911.J
RAILWAY STOCKS AND BONDS.




104

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]

M iles Date
Road Bonds

Am ount
Par
Value Outstanding

Rate
%

[V O L . LX X X X II.

When Last Dividend
Where Interest and
Payable and M aturity Places
Dividends are Payable

Pacific & E astern—F irst m ortg gold redeem (tcxt)_ K
$100 Ac $300,000
6g
June 1 1937
K nickerbocker T r Co,N Y
Pan-A
nier mPRortgage
(M ex-fluat)—
1st M (text) red 105- o* — 1909
1903
1,000 2.400.000
5g
Jan l 1934
General
$0.000,000............
Araer T r & Sav I3k, Chlo
See text
Pan-A m erican Co collat tru st notes redeem a t’par c*
1009
6
1,000 1.600.000
A & O Oct l 1914
T r & Sav B k, Chlo
Paterson & H udson Rlv—Stock 8% ren t N V L E & W
M
5(1
630.000
8
J & J Jan 1911 4% Amcr
P aterson, N J
Paterson & Ram a no— Stock (rental guaranty)
M
50
298.000
8
J
&
J
Jan
1911
4%
do
Pem lgew asset Valley RR—Stock (rental g u a ra n ty )-' ___
____
6
541,500
100
Feb 1911 3% Trcas Off, Concord, N H
Pennsylvania
RR—Stock auth $600,000,000 . . . Tr
In 1910 F Q—& F A Feb
50 Sec text
28 'l l «1 >5 Office, Philadelphia
Consol’ m tge
‘ of*\Gold registered b o n d s................... r 974 1879
1,000 3.493.000
5
g
Q—
M
'Sept
1 1919
Office, Philadelphia
1873 secures
Gold
coupon
b
o
n
d
s______
c
974 1879
1,000 1.500.000
M
&
S
Sept
1919
all equally. Gold coupon s f 1% not d raw nllc* 974
do
do
1893
1,000 2.633.000
45 gg M & N May 11 1943
F
arm ers’ L & T r Co, N Y
Q. P .
Sterl (sf In 1000) not draw n.c*r& -* 974 1895
4,762,600
3H g
J
July
1
1945
London,
England
_ ,
. Gold or sterling_________ xc*r&r* 974 1908 $ or£200
4
£ 39.400.000
N May 1 1948
wr B stock
1881
4
1,000 7.377.000
J July 1 1921
N§ 0vYdSh(i?
Phila A Norf
stock astr collateral)......................
ctfs__
Penn Co for Ins, Ac, Ph
__ 1908
4
1,000 7,478,250
I) Juno 1 1948
C ollateral tru st loan gold not draw n.
1883
0,786,000
1.000
D
June 1 1913
4H
g
Provident
L & T Co, Phil
Gold bonds redeem able (text) convertible___GP~C*
10,222.500
1902
M
&
500
Ac
N
Nov
1 1912
3>* g
Amer Ex Bk, NY; & Phil
do
do
do
do
3*4 g J & D Oct t 1915
- -- 1905 500 Ac 86.835.000
Am Ex Bk, N Y , Phil, & 0
Bonds o/ Cos. Merged in Pennsylvania R R —
Philadelphia & Erie m ortgage (now first; g o ld ., c 307 1869
1,000 8.680.000
6g
J July 1 1920
Broad St Sta and London
SnnK^ii
d° first ($5,263,000
aren a5 ts ).............r
307 1869
1,000 11.143.000 4 g A 5 g
O July 1 1920
Broad S t S tation, Phila
^unb
H az A, Wllk
Series A draw
100__ c
43 1878 100 Ac 1.000,000
5
N May 1 1928
do
do
Second m ortgage Income........................................ c&r
43 1878 100 Ac a 1,349.500
6
N May 1 1938
do
do
w ,s^first
rst m
5600.000
A I g — GuP.c*
56 1896
1,000
500.000
J July 1 1936
4g
do
do
W est n»,Le.
Chester
m tge
ortgage
assump ed_______
_____
5
1879
100
Ac
75.000
S
Sept
1919
5
do
do
w est Penn consol m ortgage gold assu m ed .-P IP c* 138 1888
1,000 4.000.
D June 1 1928
0004 g
do
do
Klver F ront first m ortgage assum ed_____
4.62 1882
1,000
212.000
N M ay 1 1912
4M
do
do
131
£
eHn
ls
t
M
8
f
$5,000
yearly
not
d
raw
n
.r
1877
862,000
1,000
A
Feb
1
1917
7
do
do
Allegheny Valley gen (now lst) M g - ...F P l xc*Ar 262 1892
1,000 20,000,000
S Mch 1 1942
4g
New York and Phila
Junction (Phila; general m ortgage (now first) gold. 2.96 1900
1.000
3>4 g
725.000
O A pr 1 1930
Broad S t S tation, Phila
P ltts
Va A ChTrusts—
first m tge gold guar p A I..Q P .c* & r . . . 1904
1,000 6.000.
0004 g
N Nov 1 1943
New York& Philadelphia
Equipment
Equipm ent tru st gold bonds (s f 5% ) not d raw n.-c*
1889
1,000 2.501.000
4 g M & S Sept 1 1914
Girard T rust Co, Phila
Penn equipm ent tru st gold last Installm ent...............
1901
400.000
1,000
3M g Q— M Juno 19U
Commercial T r Co, Phila
do
do
last lnstalm e t _________
1902
1.000
400.000
3M
g
Mch 1912
do
do
Penn steel car tru st gold $700,000 paid yearly____
1902
1.000
1.400.000
Q
q
Y
3H
July
1911-1912
do
do
X On coupon bonds J J; on registered bonds A&O a In cludtn g $377,1 00 bonds he Id alive I n sinking fund.
and the $1,200,000 first m ortgage bonds—all these bonds and m ost of the
being pledged under Its tru st deeds.
PA C IFIC & E ASTERN R Y. — Owns M edford, O re., to B utte Falls, 55 m .,
extension from Eagle Point to B utte Falls, 40 m ., being com pleted Nov.
F urth er extension projected to C rater L ake, about 15 m . The
I 1 I1I (Ot. Nor .-N or. Pao.) Interests own nearly all stock, acquired in 1910,
an d. It Is said, also m ade offer to purchase the bonds. V. 90, p. 1614-V 91
n Un(arranged
crst0O(.1 In
,t0Jan
Tbc. l,1911.
n cludedStock
In moutstanding
erger of Spokane
P ortlandpar,&
Seattle Ry.
was $500,000;
*}d0- r Bonds (K nickerbocker T rust Co., N. Y ., trustee) are subject to call
?fnn^J !iniC 10S t a t 105; outstanding Sept. 1909, $300,000, $340J,000 adcliV ? 0 l, p 946°)
8 ’ P> 15525 V ‘ 88’ p * 1621.— (V. 90, p. 1614;
RR*
(/^E X IC O -G U A T EM A LA ). — Projected from San
Ueronlmo, M ex., on the N ational 'lehuantepco H U., southeasterly to the
G uatem aia border, abo u t 300 miles, w ith connections to the City ot G uate­
mala, of which 225 miles operated In March 1908; balance was under conatructlon Mexican G ovt, subsidy about $10,000 gold per mile. The
N ational Rys. of Mexico In Aug. 1910 acquired $9,800,000 of the $10,000,000
stock, of which $9,000,000, together w ith $3,600,000 gen. m tge. bonds. Is
deposited as collateral under th e Pan-A m crlcan Company collateral trust
oy0 bonds (sec table above). Rem aining $2,400,000 gen. m tge. bonds are
reserved to retire the outstanding first m tge. bonds. V. 90, p . 237. The
first 5s of 1903 arc lim ited to $12,000 per mile of m ain track, but, by supple­
m ental m tge., to $8,000 per mile until the net earnings are doublo the Interercst charge on the entire authorized am o u nt.— (V. 91, p. 589.)
ttock

P A R R A L & D U RA NG O R R .— V. 91, p. 1448.

PA TERSO N & H U D SO N R IV E R . — Owns from M arlon, Jersey City,
N. J . (south of Bergen Junction ), to Paterson, N. J ., 14 miles; double track.
Leased In perpetuity a t $48,400 per year for road, $5,000 for land In Jersey
u lty and taxes, to Erie H R ., form ing part of m ain line.
PA TERSO N & RAM APO R R . — Owns from Paterson, N. J ., to New York
S tate Line, 14 miles, double track , part of m ain line of Erie R R .. to which
leased S ept. 1852 during legal existence, a t $26,500.
P E M IG E W A SSE T V A LLEY R R . — P lym outh, N . H „ to Lincoln, N H
23 m . Leased to Concord & M ont, for 6% on stock; op. by Bos. & Maine.
PE N N SY L V A N IA R R . — (See M a p s.)—The system , as shown on the
adjoining m aps, extends from New Y ork City westerly, via Philadelphia,
• Cleveland. Toledo, Chicago and Burlington on the
nor th and to W ashington, Cincinnati, Louisville & S t. Louis on the south.
£9® to**1, system on Ja n . 1 1911 aggregated 11,263 miles, of which 3,874
“ Vii t Vlf?!!£nls u hc ?H!e?*e operated directly under the caption "th e lines
nd
#aF ?
the mileage operated directly under
}iaesJHesL ? f P ittsburgh and E rie," the latter being more
M?nnl3en<
h
ibcd
u?
d®r
tbe
Ml®
Pennsylvania
Company and Pittsburgh Cin­
cinnati Chicago & S t. Louis. The o th er lines are operated Independently.
.E ^ sf of P ittsburgh and Erie.
_
.
M iles.
«Philadelphia
v W .n .L,ne to
andColumbia,
Branches—
T ra c k a g e ........................................ 234
P a ..M iles.
81
R
E
P
O
R
T
E
D
SEPA
R
A
TE
L
P hila.,P a.,to New Bos. Je t., Ac. 293 Phila. B alt. A W ashington____Y —693
H arrisburg, P a., to P ittsb .. P a . 245 N orthern C entral R y * ._ ........... 460
Erie, P a., to Sunbury, &c_____ 307 W est Jersey A Seashore RR.* 3 3 7
Branches and spurs___________ 1,173 Cum berland Valley R R .* __ I" 10 2
Island*.................................... 3 9 5
Total m ain line & b ra n c h e s..2,099 Long
B alt. Ches. A A tlantic R y.
88
Lines oper. by lease or contract—
M aryland Delaware A Virginia 78
H ar. P orts. M t.Joy. & Lan. RR.*
Rosslyn
C
on
n
ecting
...................
2
Dlllersville to H arrlsb.,P a.,& c. 53 Philadelphia A Camden F erry II
l
United New Jersey R R .,* T ren­
ton to Jersey City, A c______ 149 G rand total east of P. & E __ 6,324
Philadelphia A T renton R R .* .. 26
est of P ittsburgh and Erie.
W estern New York A P e n n .* .. 554 RWEPO
R T E D D IR ECTLY —
Connecting R a ilw a y * ................. 3 7 P itts.
CIn. Chic. & S t. L ouis*.. 1,566
Lines operated under contract—
Pennsylvania
Company lines*._ 1 ,3 4 5
Cam bria A Clearfield R R .*____ 393
Belvldere Delaware R R .* .......... 81 Total reported directly______ 2,911
Phila. A Long Branch R R _____ 49 R EPO R T E D SEPA R A TELY —
Delaware R iver R R . A Bridge* 10 G rand R apids A Indiana lines*. 580
O ther lines (Incl. D. A R. Canal
V andalla R R .* _______________ 924
66 m ., and ferries, 2 m .)____ 423 O ther lines (see Pennsylvania
Total In Penn. R R . statistic s.3,874 Company statem en t)............... 5 24
T otal system Jan . 1 1911_._li.263
•See each com pany's statem ent.
ORGAN IZA TIO N, LEA SES, Ac.—The charter of the Pennsylvania RR
was dated April 13 1846. The Pennsylvania Company controls all the lines
y cflt of P ittsburgh a n d Erie, the Pennsylvania R R . Co. holding all Its stock
in 1900 acquired m ost ot stock and Income bonds of W estern New York A
Pennsylvania and took a lease of the road. V. 72, p. 481.
__\ n Mch. 1910 had acquired additional am ounts of Norfolk A W est, stock
a n a , it is understood, owned 51% thereof. V. 90. p. 628.
l 9. 10 *2.492.750 ot the N. Y. Phila. A Norfolk $2,500,000 stock
A»«lh*o rl.z cd April 1910 to be Increased to $3,750,000) had accepted the
o tre r to buy the stock w ith 4% 40-ycar trust ccrtfs., guar., p.& l., by Penn.
K R . on basis of $3,000 ccrtfs. for $1,000 stock. V . 8 6 ,p . 1590; V.8 8 . p 631.
O W N E D .—The total cost of these to Jan . 1 1911 was
$4.80,069,601; m any of which are pledged to secure Pennsylvania Issues
Revenue derived from these securities In 1910, $14,999,876.
D IV S. ’90. '91. ’92. ’93 to ’99. ’OO-May’OO N ov. ’06 ’07 to ’10. ’ll
TInn ?1893
« § ^ paid also
. 6 ® yearly 6 yearly
3 H 7 6 yrly. F eb -,1 «
2?o in scrip.
In 1893 paid also 2% In scrip. D ividends now paid quarterly.



n^ ST (?C
K * $251,700,000
T 'S e-,^t,0^ J} oItI^
« March 10 to1003
an eIncrease
In
stock
from
to $400,000,000,
be mauthorized
ade from tim
to tim e In
^ d is c re tio n 0f the directors. Of the stock. $20,980,350 was Issued April
exchange for convertible debentures. (See below.) In 1903 sold
?1193;
I ^ 09?/7<^
ol0ck770.
a t *69 Per $50 share. V. 76, p. 383, 488, 594, 706,
V. 77,ncvv
p. 37,
Stockholders on March 12 1907 authorized Increase of the stock and
$199,000,000 each, to be Issued from tim e to tim e as required,
$60,000,000 3-ycar collateral tru st 5% notes paid otT Mch. 1910, forming
p art of the $100,000,000 bonds and the $40,000,000 4s sold April 1908
the rem ainder V. 84. p. 103. 626; V. 86, p. 1043. Stockholders were
olrered the right to subscribe between Dec. 8 and 18 1909 pro rata to the
ex ten t of 25% In now stock ($82,517,800) a t par, payable on or before
Ju ne 1 1910, the proceeds to provide for the $60,000,000 5% notes m aturing
via*
^ l 919
general 6s due July 1 1910. V. 89, p. 1224,
1281, A1348;
V. and
90, 520,000,000
p. 635.
i'SSZ™, yolcil M arch 14 1011 to Increase the a u th . stock from
5500.000. 000 (of which 5412,010,700 outstanding Jan . 1911, rem ainder
except about 522,000,000, reserved for convertible bonds) to S600.000.000!
Shareholders of record May 5 arc ottered the right to subscribe from May 31
to June o 1911 to the extent of 10% of their holdings for new stock iviv
$41,261,000 or m ore), a t par, payable cither In full a t S u cco r 5 0 % ca?h
between
May663,
31 and
and betw een Aug. 28 and Sent l 1 9 1 1 v
92, p. 119,
726. June
882, 51033.
BONDS.—Consolidated mortgage of 1873, see "S upplem ent” of O ct. 1 9 0 1 .
In April 1908 $40,000,000 4% consols were sold. V. 86, p. 1043, 1101
In 19.02
lssued $50,000,000 10-year 3 H % gold bonds, dated N ov. 1
100..
, of which $39,787,000 had been converted In Dec. 1909 Into stock a t
$70 per share and balance Is convertible a t holders* option a t $70 per shar
a t an,Y time; they m ay be called for paym ent a t 102 ^ on any in t. d ay. bu
IfV. called
on basis stated . Sco V. 74, p. 577; V. 87, p. 1421
90, p.converted
447.
In 1905 stockholders subscribed a t par for p art of $100,000,000 of 3 u %
gold bonds, the balance being taken by a syndicate. The bonds are (since
Dec. 1 1905) convertible a t option of holder a t any tim e Into stock a t $ 7 5
per $50 share unless previously called for redem ption on Dec. I 1910 or
a t any subsequent Interest period on 90 days’ notice, a t par and Interest* but
when so called they m ay be converted up to 30 days prior to the date nam ed
In said notice for redem ption. A part of the proceeds was used to retire the
$27,480,000 6% bonds m aturing Ju ne and Ju ly 1905; balance for Im prove­
m ents. Sec V. 80, p. 1112, 1236, 1913; V. 81, p. 1437; V. 90, p. 4 4 7 .
As to new bonds authorized In 1907 and 1908. seo STOCR above.
G EN ER A L FIN A N C ES.— In 1901 obtained control of the Pennsylvania
and Cam bria Steel cos. See "Industrial cos." and V.72, p. 1280; V.82 p 805
On Novem ber 27 1910 the com pany opened its passenger electric
tunnel railroad from H arrison, N. J ., under the N orth River to a central
passenger station a t 33d S t. and 7th A vc., New York City, and thence
under the E ast R iver to a connection with the Long Island RR. |n Long
Island City, under the nam e of Pennsylvania Tunnel A Term inal R R
Service from N. Y. station to Long Island City was begun Sept. 10 1 9 io ‘
V. 91, p. 397, 946, 1161; V. 92, p. 663.
The tunnel will attord entrance Into New Y ork City for the P en n ­
sylvania R ailroad and the Long Island R ailroad, perm itting through
trains by rail direct from the South and W est to all points In New England
via the bridge from M ott H aven to Long Island, which Is to be built by th e
N. Y. Connecting R R.; seo V. 86, p. 608; V. 87, p. 813, 1238; V. 88, p 631*
V. 89. p. 666, 919; V. 90, p. 635.
v
*
In Juno 1906 the issue or $50,000,000 (250.000,000 francs) French loan
(Penn. Co. guar. 3 H % bonds) was sold to pay part of cost ($42,000 000)
of equipm ent and com pletion of the w ater-supply system .
In April 1908 $40,000,000 4% consols were sold to provide for com pletion
of New York term inals and other construction w ork. V. 86, p. 10 4 3 lio iV. 88. p. 631. In May 1909 $8,100,000 and In May 1Dio $11,000,000 4%
general freight equip, trust ctfs. were sold. V. 88, p. 1254; V . 9 0 , p 1 4 2 5
On Dec. 31 1909 the Pennsylvania C u n p in y held (V. 86, p . 1 2 8 1 ) the
subjoined am ounts of the following Issues (com pare table above), received
In whole or In part In connection with aforesaid French Issue.
Pa.Steel Roll. Stk.Tr.4'% .$1,500,000 Penn. Gen. F rt. Eq. T r.
P a. Steel Freight Car Tr.
4% ’07, $100,000,000
000
4% gold
_ _ 5,300,000 Pennsylvania
R R . W ater $13,600
,DUU,UUJ
Pa.Steel E q . I m p .T r . 4 % 6.000,000 Supply T rust 4 % ......... 7.000,000
As to $100,000,000 equip, tru st au th . In 1907. see V. 84,'p." 231', 3 4 6 .
In Sept. 1906 about half of the com pany’s holdings In Baltimore* A Ohio
(sec th at company) and Norfolk A W estern stock were sold, realizing about
$50,000,000. the N. A W. sold stock (about $16,000,000) being n-iuirchased
In April 1909, and In Mch. 1910 additional am ounts had been acoulred
m aking the to tal owned, It Is understood, 51% thereof; also hi Dec 19 0 6
sold $15,630,000 Ches. A O. stock. V. 83. p. 562, 1412; V 85 t» 655*
V. 90, p. 628. In 1910 purchased $2,500,000 New York New H aven A
H artford stock, Increasing holdings to $3,500,000. V. 90 p 1 4 2 5
In Nov. 1906 the dividend rate was Increased from 6 % to 7% * but In
May 1908 again reduced to 6 % . On Feb. 1 1908 passenger rates were re­
stored to old basis, the 2-ccnt law In Pennsylvania having been declared
unconstitutional. V. 8 6 , p. 230, 286.
*
<ICC,areu
Increase In stock and bonds auth . 1907-1909-191 1 , see "S to ck " above:
$82,517,800 stock sold Deo. 1909. As to sale In 1911 seo above.

A NN UM , R E P O R T .— Fiscal year ends Dec. 31. A nnual m eeting Is
held a t Philadelphia on second Tuesday In March. The report for 1910 was
given In V. 92, p. 655, 662; sec also editorial, p. 630.
EARNIN GS OF ALL L IN E S BOTH EAST A W EST OF PITT S. A E R IE .
Year endina Dec. 31—
19 10
1909.
Gross earnings . . . . ................ ..............................-$346,215,499 $315,111,768
N et earnings (over tax es)........................................ 78,792,582 85,452,014

A p r ., 1 9 1 1 .]

RAILWAY STOCKS AND BONDS.

R A IL R O A D C O M P A N IE S
[F or a b b re v ia tio n s, A c ., see no tes o n fir s t pa g e ]
Pennsylvania RR—(C o n c lu d ed )

M ile s D a te
R oad B onds

Par
V a lu e

A m ount
O u tsta n d in g

R a ts

W hen
P a y a b le

105
L a s t D iv id e n d P la c es W h e re In te re st a n d
D iv id e n d s a re P a y a b le
a n d M a tu r ity

1911-1912 Commercial Tr Co,
$600,000 3H Q—M
Q—J Oct
1902 $1,000
Penn
car trust gold
$300,000
paid yearly------do Phlla
Dec 1911-1912
do
3H g
1,000 1,000,000
1902
Penndosteel
steel equipment
trust
gold
$500,000
paid
yrly.
do
Mch
1912-1913
do
Q—
M
1.000,000
g
1,000
1903
do
do
$500,000 paid yrly.
do
F May 1912-1913
do
3H g Q—
1,000 1,000,000
1903
do
rolling
stock
trust
gold
$500,000
pd
yrly
do
do
Q— F Aug 1911-1913
600,000
3
h
g
1,000
1903
do
do
do
$200,000 pd yrly
do
May
1912-1915
do
1,200,000
4
g
1,000
1905
do
do
do
$300,000 pd yrly
do
do
Sept
1911-1915
%
s
4
3.500.000
1,000
1905
Pennsylvania Steel freight car trust.........................
June
1911-1916
do
do
4
2,000,000
1,000
1006
do
do
do Improvement
------------------Jan 1912-1916 Fidelity
do Trust Co,do Phlla
00044
1,000 5.000.
1906
Pennsylvania
Steel
equipment
trustNov.
1917 New York
g—
—F To
1906-7 1,000 24.800.000
Pennsylvanla
general
freight
equipment
trust----and PhUa.
May
1912-1920
F
9.900.000
4
g
Q
1910
do g Avenue
gu p&l due$l.l00.000yfy(V90.pl425)FPr
Philadelphia
1 1912
A S Sept
134.000 0004.4 M
1,000 2.000.
1892
Delaware
Bloodgood property..................... r
Farmers’
L
A
Tr Co, NN YY
May
1
1923
A
N
M
4
g
1,000
1893
Penn RR realCompany-Bonds
estate purch money
M__F.c*Ar
National
1 1921
4H g JM AA SJ July
1,000 19.467.000
1881
Pennsylvania
goldgold
guar.........
c*Ar
Union Tr.City
N YBank,
; A Phlla
Sept
1
1937
1,000 4.518.000
1897
Guar ' tr certs $20,000,000‘ g gu Pa ’RR Scr
A
--------“
lAmer
Ex
Bk.Co,
N Y,
AI
1 1941
I-' AA AD Feb
1,000 9.036.000
1901
SerB.GP.c*
do
do
do
do
(Girard
Trust
Phlla\
Dec
1
1942
4.672.000
J
1,000 9.779.000
1902
Ser
C
.........
c*
do
do
do
do
Phlla,
Pa.
and
New
York
Dec
1
1944
D
A
J
1,000
1904
__
__ yrlydo
18g gu Ser
D-----OP
do
do
NewYork A Philadelphia
Nov 1 1916 Girard
7.994.000 3 h g AM AA NO Apr
1,000 20,000,000
1901
Golddoloan $1,334,000
drawn
Pa RR
— GP
Tr Co.Ac,PhllaAN
4 g J A D June 1151931
1,000 48,262,548
1906
Gold
loan
red
after
15
yrs
(guar
V
83
p
1229)-QP.c*
Crcd
Lyon,
Paris, FrY
1921
3
H
500
fr
&
c
1006
French loan 250,000,000 fr guar red from 1018.-GP
Philadelphia,
Pa
Jan
1
1948
A
J
J
685.000
4
g
Penn
Monongahela
& Sou—1st
M $1,000,000
g----GP fleld R y.1908
Pennsylvania
& North
Western—See
Cambria
A Clear
Nat Bk, New York
1911 4% First
F A A Feb 101 1940
8
100 1.500.000
47
Peoria
&
Bureau
Valley—Stock
rental
(see
text)-----J P Morgan
A Co,
985,100 4 A QA- J O Apr
100 AA cc
202 1879 500
Peoria
&Indiana
Eastern—
lnd Bloom
A VVgold
1stInt
M pf-.Ce.cAr
do
do N Y
Apr
1
1938
6
g
500.000
342 1888
Ohio
A
West
1st
M
pref
guar.Ce.c*
do
do
Apr
1
1940
A
O
A
4
8.500.000
1,000
1890
Pco & E 1st (cons) M $10,000,000 int guar-----Ce.c* 342
4% paid April 1 1911
11 1990
April Apr
0004
1,000 4.000.
1890
Income mortgage non-cumulatlvc................ Ce.c 342
Centraldo Trust Co,do N Y
Feb
1921
64Hg g MQ—F
1,000 1.495.000
20 1881
Peoria
&
Pekin
Union—First
mortgage
gold-----Ce.c
Feb
1
1921
A
N
1.499.000
1,000
Second mortgage gold — ....................................-Ce.c 20 1885
New York
Jan
1
1937
A
4
g
944.000
1,000
1007
Peoria
Ry mtgc
Term—First
M gu g red as
102tobeg
1917. IC.c*
2007
280.000 5
Second
Jointly guaranteed
principal
only
14,296,430
100
Pere
Marquette—Common
stock--------------- -------100 10 .917,600
First
pref (also as to assets)
4% cum after -1910----907.060
100
Second
preferred
4%
non-cumulatlvc........-206,000 4 g J A .1 Jan 1 1055
Outstandln
stock
of
constituent
companies
J P Morgan A Co, N Y
10.106.000
1,000
1005
R efund M. Sec lext g ...................- - - ---C e.xc*A r
11 1961
A Ss Mch
Sec
text 00056 gg M
$1,000
Ac
1911
>.000.000 red 110 -. Ba.xc* Ar*
Impt A ref gen M $60,000,000
Mch
1016
A
M
8.000.
$l,000A c
..1 1911
Coll notes sec by Imp A ref gen bds red 1 0 2 M. G.xc’
5,000,000 6 g J A J July 1 1912 |j P Morgan A Co. NY
1907
Debentures $5.000.000$1,500,000;
prln.$2,000,000;
equip, trusts,
$195,232;
dividend
$5,600,000;
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
additions, Ac.,
bal., sur.,
$541,748.—
(V. 92,(7%),
p. 1110.)
PENNSYLVANIA
MONONQAHELA
& SOUTHERN
RR.-Owns
from
Year
e n d in g D ec. 3 1 .................
- ..............-li*q operated..............
nnrrated
3,977 _100?-na7
3,947 IWC‘ 0r +30
+
Miles
?,977
__3,047
bank of Monongahela
River, about
4 miles southwest
of West
oss earnings
..............- - ________ $ 160,4 57,2 98 $ 1 49,593,833 + $ 1 0 ,8 6 3 ,4 6 5 west
Gross
earnlnr
Brownsville
Station,
Pa.,
along
west
side
of
Monongahela
River,
to
mouth
l
earnings
(ovVr'taxes)_________
37,960,546
41,641.842
—
3,681,296
Net
Little Whttely Creek. 18 miles. Stock. $706,900 and $685,000 bonds,
t. earnings
oonn PPa.
a f RR--------—
^ m v cstm e n...
ts______ 14,99 9,876
14,'
+ 1 .7 8 5 ,1 1 9 of
Int.
.. . 13,214,757
— 156,716 owned by Pennsylvania It IT. Bonds, see table above. Year 1910. trrosa.
331,172
Int. for
on use
United
N. J. securities----- 362,510
174,456
net, $10,835; charges, $26,779; bal.. def., $15.944.—(V. 86, p. 982.)
+—447,174
151,400 $41,123;
211,110
Int.
of
equipment...............
PPfllMA & BUREAU VALLEY RR.—Peoria to Bureau Jet.. 111., 47
Interest general account------------ 1,226,946 1,674,120
+ 28,556 miles .L ea se d In 1854 to Chicago ITock Island & Pacific Ry for $125,008
65,770
General Int. and miscellaneous
*94,326
446,800
+153,031 yearly; dividends, usually 8 % yearly, occasionally more: heb. 1908. 1%
R ents__- _____
600,732
extra.—(V. 86, p. 169.)
—$2,166,180
___ $55,419,392
$57,585,572
•Deduct—Rentals----------------------Gross Income----------. $5,652,272
.
.
PFOH1A
& Pekin,
EASTERN
.— (S e e M a p , N . Y .C e n t . <k B u d ,o n H ire r H R .)
------------- $7,656,936 —$2,004,664
—Owns
from
III.,Division,
toRYIndianapolis.
Ind..to202Springfield.
m., and hasOhio,
alien141
of $5.­
—2,849,190
12,961,423
• Int.
Interest
on
funded
debt------1
10,112,233
000
000
on
Springfield
m.
. —386.013
+37,864 trackage, Pekin to Peoria. 9 m.; Indianapolis
13,760
on m tges. and ground re n ts.
51,624
total
operated.
352
miles.
5,137,460
Car tru st p ay m en ts ...................... 4,754,427
LEASE,
Ac.—Formerly
Ohio
Indiana
*
Western,
sold
In
foreclosure
. +—18,132
2 1 4 .9 6 8
233,100
Sinking
funds. _
1890, &reorganized
per guarantees
V. 49. p. 616.
Leased
1 1940oftotheClev.
Cln.In
118,507 Ohio.
158,515
277,022
Miscellaneous
St. L., which
Interest,
but tilt
notApril
principal,
1st oonsols
theSeeunderlying
owns
of respecting
the $ 1 0 ,0 0 0any
, 0 0 0 stook,
rPntai
.................... $21,062,566 $26,161,194 —$5,098,628
par. and
$100.
"Sunn.
ofbonds,
Jan. and
1804
as toone-half
provisions
surplu»
Balance----------alancc 11III1111111
„
-, - -------------- 53 W$308,522
J i •»!» $31$218,426 + $2,932,448
over
charges.
Company
owns
$125,000
stock
of
the
Peo.
& Pekin Union
+
$90,096
Payments to trust funds.
Ry.. on which 6% vearly was paid 1895-1902 and 5 % In 1005. V. 74. p. 152.
5,581,810 —2,077.213
3,504,597 19.173,742
Extraordinary expenses-------------- 24,410.860
BONDS.—See abstracts of mtges. of 1890 In V. 51. p. 246, and of Ohio
+ 5.237,118
Dividends
(6%)----------------------& West. mtgc.. V. on47,Incomes.
p. 201.4% yearly, paid April 1 1902 to 1908.
—4,000,000 Ind.INCOMES.—Dividend
4.000.
000
N.
Y. Tunnel
construction...........
2.000.
000+ 1,700,000 both
3,700,000 .....................
Extraordinary
expense fund...............................
........... net. $84,245
......
Inclusive:
1909.
none;
1910
and------1911,..Gross,
4%. $558,677;
mos., 11011-----+$1,982,447
$950,001 EARNINGS.—2
Total
divs.,
extraordinary,
Ac..$31,923,979
$30,973,978
Jan.
1
to
Feb.
28.
11010___________
Gross,
503,570;
net.
133,931
+
Balance surplus
__________ $2,432,847 $4o0,400 + $1,894,774 REPORT for 1910 was In V. 92, p. 874.
„ .
BalOFFICERS.—Pres.,
. p?oflt and lo ss Dec.James
3 1 ....
$27,044
462 $25,149,688
a l. Y e a r — G ross.
ATel. O$28,011
tn .In c . • C h a rg e ,. T m p ts. B a l.,s u r .
McCrca;
1st V.-P.,
Charles b. Pugh. 2d V.. P.. C1910
.........$3,536,068
$859,870
$783,752
$81,040
Samuel
V.-P.,W.J. W.
B. Thayer
Jr.; Trcas.,
4tli V.-P.,
Tatnall,Sec.,
5th 1909 . . . 3,020,856 792.118 18,824 699,186 30.024 $23,089
81.732
V.-P. andRea;Gen.3d Mgr.,
Atterbury;
J. F.Henry
Fahnestock;
• Incl. $160,000 (4%) Int. on Incomes In 1909.—(V. 9 2. p. 463. 795. 874.)
Lewis
Ncllson.
New,
York
office.
85
Cedar
St.
PEORIA
&
PEKIN
UNION
RY.—Owns
Pekin
to
Peoria,
on
both
sldet
Directors—Pcrclval
Roberts Jr.,
N. ParkerHenry
Shortrldge,
Rudulph
Ellis,
River,
yards8.80;
at and
Peoria.26.94Mileage
track.
Charles
E.
Ingersoll,
Clement
A.Patterson,
Grlscom,
C. B.Frick,
William
H. of18 Illinois
14’ second
mainandtrack.
totalopposite
main track.
miles. main
Mileage
o*
Barnes,
Geo.
Wood,
C.
Stuart
Effingham
Morris,
Thomas
and yard
tracks.
67.38.& St.Capital
stock, $1,000,000.
Owned
by Peoria
DeWltt Cuyler. Jas. McCrea, Lincoln Godfrey, John P. Green, Charles E. side
*PeoEast
(Clev.
Cln.
Ohio.
L.
system).
Chic.
&
North
Western,
Ohio.
Pugh, Samuel Rea, John B. Thayer.—(V. 92, p. 662, 726. 882, 1033.)
St L.. III. Central
system.
Lake 6%
Erie per
& Western
and
PENNSYLVANIA COMPANY.—(See M a p s P e n n s y lv a n ia RR.)—Oper­ West &comoanlcs.
Dividends
1895-1902,
annum:
1903.Tol.
4%:Peo.
1005.&
ates all the Pennsylvania R a ilro a d lines west
of
Pitts.
Owns
none
In
fee.
5%.
For'calendar
year
1009,
gross,
$821,717;
net,
$236,082.
Yearending
C o n tro lled by sto ck , A c .;
M ile s
le a s e d b y tra n sfe r fr o m P a . R R .:
30 1909, gross, $754,680; net, $443,788; Int.. taxes, & o ., $34-,321;
M ile s Pitts. Cln. Chic. A St. L--.*1,410.82 Juno
bal , sur., $101,467. Pres.. H. K. Pinkney.—(V. 85, p. 577.)
Cln.
A
Muskingum
Valley—
♦
148.46
Plttsb.
Ft.
W.
A
Chicago-----♦
470.53
PEORIA
RAILWAY TERMINAL CO.-Owns terminal road between
Waynesburg A Washington. 28.16 Peoria and Pekin.
Massillon
A Cleveland-------- *82.97
12.23 Cln.
8 miles,
over private
r gbt ofHasway.
andover
local5 line*;
Lcb.
A Northern---------45.44 total. 21 miles; 29 14111..
Erie A Pittsburgh...................
of track.
70-lb. rails.
rights
mmiles
e.
Grand
Rapids
A
Indiana—
431.59
Cleveland A Pittsburgh------ ♦ 205.50 Musk. Or. Rap. A ln d ----- 36.85 of local street railwaymiles
In
Peoria,
with
privilege
of
transferring
over
46steam.
L ea sed d ire c tly b y P a . C o .;
additional.
Freight
and
through
passenger
business
handled
by
Traverse
City
RR----------25.86
Pitts.
Youngs.
A
Ashta.
Ry.*l*7.54
Local passenger business In and between Peoria, Pekin and Crescent py
Cln. Rich. A Fort Wayne. *85.83 electricity.
Toledo
Wal. Val. A Ohio-----*234.26 Vandalla
lias union depots In both Peoria and Pekin. Owns a 1,000-ft.
R RA---.....................
♦ 145.12
655.30 steel drawbridge
C o n tro lled by sto ck or oth erw ise;
Terre
Haute
Peoria
RR—
overR. the
Cleveland
AVal.
Marietta--------all owned by Chicago
I. AIllinois
Pac. andRiver.
ChicagoCapital
A Alton,stock,
which$1,000,000*
guarantee
Clevc.
Akron
A
Columbus--195.82
Pitts
Ohio
A
Cine----15.09
Wheeling Terminal Ry— — 9.65 the 1st M. bonds, prln. and Int., and the 2ds as to prln. only. Form, V. 85,
Marginal
RR.,
Bcav.
F.,
Pa3.53
p.
161.
For
year
ending
June
30
1909,
gross,
$158,049;
oper.
(after
Manufacturers’
Ry.................
3.03
South Chic. A Southern......... 23.05 Louisville Bridge--------------- 2.84 taxes). $1,863; Int. charges, $46,174; bal., def., $44,311. Pres., Inc.
W. T.
Ir­
Branches VV.N.Y.A Pa. Ry-- 51.52
win; V.-P. A See., T. A. Grier; V.-P. A Trcas., E. A. Burrlll.—(V. 91, p.215.)
Controlled
J o in tly ;
Youngstown A Ravenna----- 2.28 Central
Indiana-----------------*1
17.58
PERE
MARQUETTE
RR.—
M
a
p
.)—'The
road
includes
Pitts. Chartlers A Yough-----*19.69
M iles.
L in e s o w n e d —
M ile s .
Peoria A Western--------*230.70
T ra ck a g e —
(near
to LudlngTotal Pcnna. Co. lines.-.1,342.20 Tol.
Trackage...............
169.81 Alexis
Thomas.
Ont.,
to
Internat’l
ton, on
LakeToledo)
Michigan----------387 St.Bridge
Niagara,
N. Y------132
Total of all lines------------ 5.104.7a Plymouth to Bay View, Mich— 412 London Aand
♦ See this company.
Stanley................
Ind.,
to Or.
Rap..Mich-------90
Mich.. 164 La Cross toPort
ORGANIZATION.—Chartered In Pcnna. April 7 1870. Its $80,000,000 Porter,
Mich.
State
L in e .... 24
34
Saginaw
to
Port
Huron,
stock
Is
owned
by
the
Pennsylvania
R a ilr o a d . On Deo. 31 ’10 tho Penn. Co. Pt. Huron to Grindstone City----- 126 Other trackage------------115
owned
stocks and
bonds
having
value per balance
sheet
or $195,­ Grand Ledge to Big Rapids, Mich. 142 C o n tro lled —
406,269;sundry
and yielding
In 1910
Income
of $12,839,610.
V. 84,
p. 028.
Erie A Det. Rlv---------------199
Allegan
Pentwater......................127 Lake
DIVS.— 1 ’94. ’95-’00. ’01. ’02. ’03. ’04. ’05. ’06. '07. ’08. ’09.
1910.
Sarnia totoRondeau................—
72 Other, trackage-------------------------54
P er cent__ I 4 None. 3 3 4 5 5 6 7 7
8
7
Other
lines,
branches,
Ac............
287
, cos.)-----4 2 ,_3 0 0
In Jan. 1010, 33 1-3% Instock; June 1910, 3% cash; Dec., 4%.
Total
(Incl.car2,328
miles
oper. andto37Milwaukee
m. leased, toandother
Operates
ferries
Ludlngton
Manitowoc,
tna
BONDS.—The
gold b o n d s of 1021 are scoured by leases of P. Ft. IV. A 2.365
miles, Lake
34 miles,
Lawton.
Mich.,
toforSouth
Haven,
areApril
leased15or
to1907.
the
O..
the
Clcvc.
A
Plttsb.
and
Erie
A
Plttsb.
railroads
and
of
bonds
and
Kalamazoo
Shore
A
Chicago
Ry.
25
years
from
stocks having a par value In 1910 of $25,030,600, as well as real estate.
A 99-year
agreement
forInternat.
trackage Bridge
with the Mich.
Cent,132andm.,extent^
Can. South*
G u a ra n tee d tru st c ertific a te s, “A.” "B ,” ”C” and ” D” were issued by
St. Thomas,
Ont., tofrom
the
Girard
Trust Co., Philadelphia, as trustee, under a deed of trust made by from
line easterly
to BulTalo.
July 18 1004. and
V. Niagara,
77. p. 2097;
V. 78. p. 2600.
the
Penn.
Co.
and
the
Penn.
RR.
Co.,
whereby
the
Penn.
Co.
has
pledged
an canal amount at par of the 7% guar, special stock of the Plttsb. Ft. VV. ORGANIZATION.—Formed Dec. 11 1007 as a reorganization without
A Chic
Ry $1,714,000
Co. Of theto$20,000,000
In scriesSecA,V.B and
the
fund foreclosure
per plan
V. 85.
41. 100. ofRR.
the ofoldIndiana,
Pere Marquette,
had
Dee.
31V.1910,
65, G,
p.
368,sinking
572, 1116;
was consolidated
withIn the
Perep.Marquette
the lease towhich
the
V.The
67,retired
p.
122:
V.
72.
p.
330.
490;
79,
p.
2457.
,
141
,
Cln.
Ham.
A
Dayton
being
canceled.
(V.
85,
p.
1519.)
3
U
%
gold
loan
of
1001
was
Issued
to
pay
for
acquisitions
of
stocks
of
STOCK
—The
preferred
consists
of
two
classes,
viz.:
4%
first
pref.
the
Pennsylvania
and Cambria
Steelto companies.
They arcNov.
guar.,1 p.annually
and 1., stock, cum. after 3H years, with preference also as to assets, and 4% nonby Penna.
RR., and
are subject
call for redemption
2d pref. stock,com.
not preferred
as tobyassets.
.
by lot at par In 15 equal drawings. V. 73, p. 843. 057. Collateral Mch. 31 cum.
stock owned
Cincinnati Hamilton A _Dayton
lu The
ll, $11,200,000
P.goldC. loan
C. A4sSt.of I-1006,
Ry.guaranteed,
pref. stock.were atAMch. 31 ^1011• wasThosold$11,000,000
Feb. 1911 to J. P. Morgan A Co. V. 92 , p. 596.
$20,000,000
Feb. 1911 sold $8,000,000 of 5-year 6% collateral notes
secured
by deposit
of $12,500,000
Pitts. Cln. Chic.RR.A St.
Louis common and of BONDS—In
an under
authorized
$10,000,000 and
Issue,refunding
secured by
200%mtgc.
in 50-yr.
bonds
$10,900,000
pref. stock,
$4,000,000
stock
an Improvement
general
dated5%1011
(totaIs­
Pitts. Youngstown
A Ashtabula
pref.Vandalla
stock: total par
valueandof $1,000,000
collateral, sued
Issue
of
latter
$60,000,000).
Of
the
Impt.
and
ref.
gen.
5s,
$28,400,000. V. 82, p. 335; V. 83, p. 1229. Car trusts Dee. 31 1010, authorized
$20,000,000 are Issuable as collateral for the 6% notes of 1911. an equa
$9,715,121;
loans and
bills franc
payable,
'ihe 250.000.000
French
3 H %$2,200,000.
guaranteed loan of 1006 Is payable, amount
of
bonds
being
reserved
to
retire
the
ref.
4s
of
1905
Issued
and
to
bo
$5,015,000
equip,
notes, The
also refunding
sufficient 4s
forofthe1005
$5,000,000
6 /Qsodebs
p. A I.. In francs. Denomination 500 and 2.500 francs. V. 82, p. 1430. Issued,
of
1907
V
02,
p.
706.
726.
arc
limited
far
. EARNINGS.—2
mos.,
/
1011..................Gross.
$6,623,167;
net,
$828,010
as saleHam.
is concerned
to $10,106,000.
of which $9,207,000
arc guarto by
the
July l to Feb. 28. for year
\ 1 0 1 0 ________Gross, 7,741,724: net.1,657,347
A Dayton,
Int., any
REPORT.—Report
1900 Inother
V. 00,Income.,
p. 1421. $12,902,035;
In 1 0 1 0 , gross
earn­ Cln
posited under
Impt. andprln.
ref. Amtgc.
V. additional
80. p. 163; amounts
V. 89. p. Issued
1668; \ . be
9..,de­
p,
ings,
$54,170,874;
net.
$12,373,468:
Interest,
rentals, sink, funds, A c ., $15,438,523; contributions to •’general fund, 596




8=5

RAILWAY STOCKS AND BONDS.
[V o l . l x x x x ii .




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a g s k s e a /(>
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^ J ^ ^ ilo n d o u /
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south Charlefton Uncastei.Bremen YJ ^^N
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^ ic0tbe
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iyers Jo^ y Hamden be.
Waverly" Coaltou, wBerlin \ Pomeroy
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B

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GalliiJolis
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Av’alion

< Sk,
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clliugton AKf>^ I /
vJlediua.____ ° aAA|

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Bunltcr I

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S.‘Whluey
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inn Arbor'
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3 ochcTler^

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sCryatal L.
Benton Iiar>

D alton

W. Quint

Lapeer]

( W E S T E R N S E C T I O N .)

\D n b u q u e

1.0WA Ju.l

Ut.Morris Jc.
F liui
Owoss*j.
Duraui

Ramon Jc.

GRAND RAPID:

►h j

Watertown

Carter

Pt.Pleasant

Ironton
RivertoiTNXV
Ash'land^Nk.'yy 'Guyaudotte

Odell

o- 4

108

RAILWAY STOCKS AND BONDS.

[VOL. LXXXX1I.

R A IL R O A D C O M P A N IE S
M iles Date
A m ount
Rate
P ar
When Last Dividend Places Where Interest and
[For abbreviations, A c., see notes on first page]
Road Bonds Value Outstanding
Payable and M aturity Dividends are Payable
%
Pere M arquette (Concluded)— Underlying Bonds—
Chic A W est Mich 1st M ........................................NB.c*
491 1881
1,000 5.758.000
Dec 1 1021
J P Morgan & Co, N Y
Det G R & W 1st cons (now 1st) M law money. OB.c* 373 1897 $500 Ac $5,379,0011
45 AJ AA oR Apr
1 1046
Secon