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RAILWAY AND INDUSTRIAL
SECTION.
JPAGHES 1575
TO
1754 INCLUSIVE,
GENERAL INDEX.
Page.
EDITORIAL ARTICLESBLOCK SIGNALS THAT ACT DIRECTLY ON THE
THROTTLE
IMPROVED SLEEPING CARS
THE PROBLEM OF ELECTRIFYING STEAM RAILWAYS
GROWTH OF USE OF ELECTRIC POWER ON STEAM
ROADS
STEAM RAILROADS
1579
1580
....
....
1722
INDUSTRIAL AND MISCELLANEOUS COMPANIES
NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST CO'S
N. Y.
AND BROOKLYN
FffiE INSURANCE CO'S
(See also " Miscellaneous.")
-
-
-
-
GAS COMPANIES,
railroad earnings monthly
index to railroad companies consolidated, etc.
We
have no extra copies of
-
1580
1581
1583
1748
1748
1748
1748
1749
1751
this Section.
^pzril 30, 1904.
WILLIAM
B.
DANA COMPANY, PUBLISHERS,
PINE STREET, corner PEARL STREET,
Entered according to Act of Congress in the year 1904, by William B.
NEW
Dana Company, in Office
YORK.
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1577
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AND OTHER
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HARVEY
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FISK & SONS,
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HENRY L. WILKINSON,
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10 Post Office Square.
PHILADELPHIA,
JAMES
Conn Mutual
represented by
H.
CHICAGO,
CHAPMAN,
LIST
ILL., represented by
D. K.
DRAKE,
414 Continental Nat, Bank Bldg.
421 Chestnut Street.
OUR
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OF INVESTMENT SECURITIES SENT ON APPLICATION.
GOLDMAN, SACHS &
CO.,
BANKERS,
45-49 Exchange
Place,
New
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MEMBERS NEW YORK STOCK EXCHANGE.
EQLgl=L-Gr2?acie IBoiclcLs-
FLAGG & WORCESTER,
NO. 45
WALL STREET, NEW YORK.
BROKERS AND DEALERS IN RAILWAY BONDS
AND OTHER
INVESTMENT SECURITIES.
1578
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W. HARRIS &
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BANKERS,
PINE STREET COR. WILLIAM,
NEW YORK.
CHICAGO.
BOSTON.
Deal Exclusively in Municipal, Railroad and other Bonds adapted for
trust funds and savings.
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188 US
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FISK & ROBINSON
BANKERS
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MEMBERS NEW YORK STOCK EXCHANGE
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36
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BOSTON
SIMON BORG &
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JH
LIST
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and Guaranteed Stocks tor Savings Banks, Institutions, Trust
and Individual Investors a Specialty.
Estates
OF INVESTMENT OFFERINGS SENT ON APPLICATION.
RAILWAY AND INDUSTRIAL
SECTION
OF THE
C
Entered according to Aot of Congress in the year 1904, by William B.
NEW
Vol. 78.
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No. 2027.
system which will act directly on the throttle in cases
Railway and Industrial Section.
same
Q hrowicle.
ommercial & {F inancial
York.
where the human intermediary fails to act.
The United States Patent Office is beset with applications for patents on inventions purporting to accomplish
They range from the most crude and absurd
this result.
devices to systems containing considerable merit, which
upon
in fact could be relied
run a locomotive
to safely
But
without any engineer at the throttle.
so
far every
on the throttle has been
open to a great objection, namely that it would encourage carelessness on the part of the engineer, who
would learn to depend so much on the automatic mechanism to do his work that he would fail to keep his eye
on the track, and then in case anything went wrong with
system designed
to act directly
the system, an accident would be quite sure
to occur.
BLOCK SIGNALS THAT AOT DIRECTLY
ON THE THROTTLE.
claims not only effectively to stop the train in case of
Every three months the Inter-State Commerce Com-
neglect on the part of the engineer, but, in addition, to
human
mission issues a bulletin giving the cost in
The
of our United States railroad systems.
considerably for
different
However, a new system has just been invented which
lives
but the dead are
periods;
teach the engineer to be most careful and watchful.
figures vary
In
this
system the locomotive
which project
levers
laterally
always numbered in hundreds, the injured in thousands.
being a
A
from the cab, the lower one
one standing near the track
majority of these of course are employees who, in
many
their
cases, bring destruction
own
and recklessness; but the number
carelessness
of passengers
who
upon themselves through
the
are
victims
of
inadequately
equipped railroads or unreliable employees
percentage of the
Many
total.
is
no small
of our railroads are
supplied with most elaborate automatic signal systems
—
which cannot become disarranged
without showing danger signals and yet these very
reliable
systems
—
roads are not without occasional accidents fully as
seri-
ous as those operated under telegraphic orders.
Evidently there
is
is
it
not sufficient to show the engineer a green or red signal,
as he
may
not heed
asleep at the throttle
it.
;
in several cases they
found dead at the throttle
their attention has
Engineers have been found
;
have been
on more than one occasion
been diverted at
critical
moments by
a defect in some part of the locomotive, and in certain
instances the sight of
into
view has served
a
red light suddenly bursting
to paralyze the engineer rather
than to arouse him to actiou.
recently
made
in
The experiment was
one of our railroads of extinguishing
over six feet from the
flagman
a
The
lower
along
the
lever
is
est
position
rails, so as to clear
pivoted
it
is
case
to
of emergency.
swing vertically
to
normally held in
its
low-
by a glass rod interposed between these
In case of danger, in addition
levers.
any
and yet be accessible
track in
toward the upper one, but
aphore block signals, an arm
is
sem
to the usual
raised along the track in
and break the glass rod and
permit the lower lever to rise under the action of a
This movement is utilized to admit steam to a
spring.
cylinder provided with a piston which acts directly on
such position as
something lacking in even the best of the
automatic block-signal systems. Experience proves that
little
provided with two
is
throttle.
part of
its
strike
to
When
stroke
it
the piston has
moved through a
opens a valve, admitting steam to a
second cylinder acting to set the air brakes, and two or
three seconds later,
full
length of
its
when
stroke,
it
the piston has
traveled the
sets in operation a
mechanism
which sands the track. Not until the train is brought to
a stop and the engineer leaves his cab to place a new
rod between the levers will the throttle be released.
Thus
it
will be seen that the engineer's duties
may
;
but
a provision against an emergency only, and
it is
be automatically taken care of by the signal system
this
is
all
not the purpose of the
invention
to
take
away any
from the engineer. The engineer is procontrary to orders, a number of engineers passed that vided with a means for swimring the two levers about
In so
point without stopping to investigate the absence of until they clear the signal arm along the track.
signal lights.
There is therefore a great demand for a doing the throttle is closed, shutting off the steam from
the signals at a certain point
and
it
was found
that,
responsibility
RAILWAY AND INDUSTRIAL SECTION.
1580
After the signal
the cylinders.
may Curtains
operation The idea
passed the levers
is
be swung out to their normal position by the
of a valve, thus releasing the throttle. It is proposed that
are to
i»e
made
[Vol. lxxviii.
a special imported mohair.
ot
of cleanliness will be emphasized in every de-
of the construction and decoration.
tail
These improvements are steps in the right direction,
each engineer, before starting on a run, be provided
each bearing a and as such are vjery encouraging, but as yet nothing has
with a limited number of glass rods,
different numeral or a distinguishing character, and that been suggested by the Pullman Company to ameliorate
at the
end of
some
official,
to deliver the rods to
run he be obliged
his
how
signal without heeding the warning,
and
many
In the cab of the
signals had thus been ignored.
locomotive a time recorder
is
also just
located which
record on a slip of paper each
is
as to
made
for
to a
new type
ding during the entire day.
thoroughly airing the bed-
This car
investigating the engineer's explanato observe the
signal, will
know
just
is
for in the
in reality a com-
day time the berths
are entirely concealed from view; and spacious, wicker
automatic operation of chairs are provided in place of the
the time of its occurrence, so that the
tion of his failura
special provisions are
connected bination sleeper and chair-car;
such manner
with the automatic mechanism in
when
was directed not long ago
attention
engineer had passed any danger of sleeper, as yet not put into public service, in which
ascertain whether the
authorities,
Our
could by checking off the numbers
who
the throttle and
the bedding evil.
seats to
which we are accustomed. In the
side of the car
is
upholstered
stuffy,
floor
along each
a series of trap-doors which open into
Into this chamber the
a chamber in the car bottom.
what signal was ignored and when the automatic mech- berths are lowered and stored during the day time.
anism was put into operation, and will be better able to From each end of the chamber pipes lead up to the car
judge of the accuracy of his statement. A heavy fine roof, and through these pipes a constant current of air
for each lapse and the threat of discharge for repeated is maintained, which thoroughly ventilates the bedding,
violation of the rules would be sure to teach the extreme driving off the stuffy, foul odors that cling to the
The engineer could
of caution.
in
consequences of ignoring a signal.
ble for
him
ward out
to
no way dodge the
It
would be impossi-
run his locomotive with lever swung
are so arranged as to close the throttle and lock
their
in-
of the path of the signal arm, because the parts
closed position
when
it
in
the levers occupy any other than
that the chances of accident on a
road thus equipped are reduced to a minimum. The auto-
matic devices do not relieve but on the contrary increase
the vigilance of the engineer, and each serves as a check
upon the
In case of accident
other.
matic system acts
keen eye of the
;
man
to the
the auto-
in case of accident to the latter the
man
Effective
all
at the throttle, rendered
still
keener
means are provided
dust before
it is
there can be no
when it
night,
is
admitted
in place.
desired to
In
for purifying
the
to
of dust
deposit
ter raises the trap-doors
them
normal outer position.
It will be evident
blankets.
in
make up
to
the
air of
chamber, so that
the bedding.
At
the berths, the por-
a vertical position, locking
this position
they
serve as uprights
which the berths are supported. The
berths are raised by a few turns of a crank, and the
chairs are stowed away in their place in the chamber.
The whole operation of making up an upper and lower
berth requires but two or three minutes, and the arrangement is such that in making up one section no other
section is disturbed
an important improvement over
or standards on
—
would systems now commonly in use.
detect any abnormal conditions, and he would bring the
Another important advantage claimed for the new contrain to a stop.
The only chance for an accident would struction is that it places most of the weight near the
then occur when both man and machine were simultane- rails, making the car run very steadily.
Sleeping cars in
by
his
competition with the automatic system,
which the upper berths are supported from the ceiling reIt is proposed to test this system at an early date on quire heavy and substantial frame-work, and in order to
an unused track of the Long Island Kailroad. If the overcome the top-heaviness incident to such construction,
invention accomplishes all that is claimed for it and no it is the practice to weight the bottom of the car with
ously disabled.
serious defects are detected, the value of
companies will no doubt lead
it
to the railroad
to its general adoption.
lead,
is
marble dust or other
required in the
tively, so
IMPROVED SLEEPING
CABS.
little
weight between
as
it
ballast.
Though some
new type of car, yet it
to make an appreciable
and the usual type of
is,
ballast
compara-
difference in
car.
Doctors have long been cognizant of the unsanitary
conditions prevalent in sleeping cars
,
many warnings
against this
menace
and have issued
to
the
BAIL WAYS.
health of
Most travelers, however, seem deaf to these
warnings and do not realize the dangers to which they
travelers.
To be separated only by a sheet from the
bedding that was used by "Tom, Dick and Harry"
are subjected.
ame
THE PROBLEM OF ELEGTBIFYING STEAM
Electricity
called
mon
—
is
a mysterious thing
invisible, intangible,
if
"thing"
it
may
be
immeasurable by our com-
standard of weight and measure.
It is
no wonder
that the matter-of-fact and practical locomotive engineer
on previous nights is bad enough, but when one is should sustain a natural inborn aversion for electricallyreminded that this bedding has been packed away with- actuated devices. Nor is it surprising that the same
out ventilation for fifteen hours of the day, to breed and
propagate disease germs of all sorts, the wonder is that
the matter should attract so
little
dislike for matters electrical should
to the
railroad authorities themselves.
The days of
attention.
have spread
radical changes in locomotive construc-
been reported that the Pullman Palace tion appear to have passed. We assume the locomotive
Car Company is about to make certain changes in its to have reached its highest stage of development. The
sleepers calculated to remedy in some measure these un- only changes that take place in these days are details
sanitary conditions.
All scroll and grill work or decora- required by increase in size and power of the engines.
It has recently
tion
which might
ished.
home
vermin
is
All nooks, crevices and angles are
to
The upholstery
offer a
is
to
for
be reduced as
much
to
be abol
be avoided.
as
possible.
One
or
two engineers have proposed the daring innova-
tion of replacing the reciprocating action with turbines
coupled directly to
the drivers; and the rotary-engine
RAILWAY AND INDUSTRIAL SECTION.
Apr., 1904.]
1581
dreams of a successful locomotive driven on
The new Launue single-phase, alternating-current
principle.
But these are all frowned upon by motor, which is just now awakening such widespread inthe rotary
the majority of the railroad fraternity, who have become terest, is claimed to possess all the advantages of a directcrank
still
so used to the old, time-tested and established construction as to look with
settled conditions.
Just
upon any departure from
disfavor
for
This conservative tendency has been
to the electrification of
one of the chief obstacles
steam roads.
current motor, doing
now
much
motor
our
faith
not a
it
little
teachings
new "thing"
for this
—
—
especially
when
a matter of conjecture.
still
motor
the
Let
It
may
its
efficiency is
or
may
not be the
agreed on the best
finally
we may
for railroad purposes,
motive yield
and
test,
electrical engineers settle the
and when they are
question,
very advocates of the uew doctrine are not quite certain
of their ground
therefore, effects
This motor has as yet been
subjected to no practical public
too
the mysterious electrical
doctrine of the twentieth century
The new motor,
also in operating expenses.
suddenly abandon the orthodox long-looked-for motor.
to
now
a material saving, not only in the cost of installation, but
expect of the loyal adherents to nineteenth-
to
century
Is
stations
transforming the rotary current, which stations are
alternating currents.
the electrical engineers them-
for traction purposes.
same time with
at the
required for direct-motor systems employing converted
selves are far from certain as to the best form of electrical
away
possibly see the loco-
to its rival.
In the meantime the conservative steam railway eleTwo powerful agents, however, are working in favor ment will become better acquainted with electricity and
of the new teachings, and to a limited degree they its advantages, and by studying those few sections which
?
We
are already successful.
have made the change under stress of circumstances,
compel the use of will, upon the advent of the perfect motor, be more rec-
refer to public sentiment,
acting through the Legislature, to
electricity
which
and
tunnels,
in
railway
street
competition
and
really public opinion expressed in another
is
new
onciled to the
it
more willing
conditions and
adopt
to
in place of the locomotive.
equally practical way.
which have been taken by our street
the past few years are simply marvelous. We
The rapid
railways in
them
still call
many
and
railways as we have heretofore conceived them is becomWhen we are reminded that
ing less and less distinct.
" street railways " cover several hundred
some so-called
miles of track and operate trains capable of making
sixty miles an hour, trains, furthermore, which comprise
baggage and parlor and sleeping cars, the distinction
between the two terms vanishes almost entirely.
Trunk lines so far are not menaced, because for long
distances it has yet to be proved that electricity offers any
present-day street
ON STEAM ROADS.
In suburban lines competition
The public
ability to take a car at
electrical
scientists
acknowledge, as indi-
cated in the preceding article, that they have not as yet
perfected the system which they hope to develop for use
heavy operations of railroad service, more or less
progress in the conversion of steam roads to electric servin the
ice
Whether
has occurred.
the achievements already
'
attained in developing higher power and equipment capa-
have accelerated the movement, or
whether competition has become more severe, it is certain that instances of change from steam power to electric power have become more numerous in recent years.
ble
of utilizing
The number
of
it
now
steam roads which have been or are
keenly felt,the suburban being equipped to be operated wholly or in part by elec-
is
being in some localities almost entirely diverted
from the steam railways.
Although
railways
advantages over,or even equals, the advantages of steam.
and the
\
"street railways," but the line of demarc-
ation between
traffic
GROWTH OF USE OF ELECTRIC POWER
strides
hates a time-table,
course far from large.
tricity is of
the interest attaching to the subject a brief review of
any time of the day with- has already been done
out consulting a printed schedule
is
In view, however, of
The
a telling point with
and
will be useful
New York Xew Haven &
what
instructive.
Hartford
EE. was one
which are of the first to take the step in this country, and seems to
obliged to pass through long tunnels operate under a have gone into the matter more extensively than any
handicap, for not a few persons have a fear of tunnel ac- other system.
Moreover, in its case the initiative was
Such were the causes which led to the electrifi- taken fully a decade ago. In the company's report for
cidents.
cation of the Mersey Eailroad, the first English steam the year ending June 30 1894 the subject is mentioned in
the
average passenger.
Then,
too, railroads
railway to change to electric motive power. It
demand after the Park Avenue
New York Central Eailroad decided
was owing
these words
:
"The construction
of electric roads in the
to public
disaster that
neighborhood of our property, continues throughout
the
to substitute
its territory.
electricity for
steam on a section of
It is unfortunate that
roads
certain
pelled to use electricity just at
enue of
its line.
this
should be com-
time, when,
as
we
local
this property,
service
for the
Wherever they
we
all
seriously reduce the rev-
shall be
compelled to lessen
The
in a corresponding degree."
report
year ending June 30 1895 gives a short account
have above stated, the status of the alternating-current of the company's action in applying electricity to the
motor is not definitely settled. According to present operation of the Nantasket Beach EE., seven miles in
indications direct-current motors,
which are now almost length.
universally used in this country for traction purposes, are
destined to
be supplanted before
current motors.
Yet
long by alternating-
despite these indications, the
New
York Central Eailroad has been obliged to adopt the
direct-current motor system
owing mainly to limits of
in the
most highly developed
state.
No
now
steam railroad
unless thus compelled or severely pressed by competitive
lines will venture to
practicability or
change
its
motive power until the
impracticability of the alternating-cur-
rent motor has been definitely determined.
to this,
President Clark said
"The
:
experiment has demonstrated that power generated in a
stationary
plant
and transmitted by
electrical
agency
can be successfully used in the operation of a standard
railroad."
—
time which compelled the acceptance of the system
In regard
In 189G the company began
to
have a hope that by
instituting electrical operations on a
it
could
retain its business
number
that
year
electricity as a
-Hdowed
in
its
lines
and successfully meet the
competition of outside electric companies.
for
of
contained the following:
The report
"The use of
motive power has been extended, as foreOn the South Shore
the last statement.
RAILWAY AND INDUSTRIAL SECTION.
1582
[Vol. lxxviii.
Terminal service by electricity like that which the New
is planning to install at the Grand Central
successfully and economically conveyed in a third rail
There
insulated upon wooden blocks in the centre of each track. Station in this city is also of a different class.
have, however, been reports that that the Central is
The results have surprised experts, and it is now probaexperimenting with a view also to a possible extension of
ble that a third rail will be laid at various points upon
the electrification of its road for suburban passenger
the company's property during theyear to come." In 1897
Branch
ot
the Old Colony system the current lias been
York Central
service.
it
was announced that a new power house had been
constructed so as to be able to supply current "in four
different directions
England BR., via
on
this road,
New
and
also supply the
Britain to
New
Hartford and to
—
Abroad the situation is much the same that is, while the
movement has not as yet reached large proportions, it is
growing. In England the installation of high-power electric
being carried on quite extensively, especially in tunnels and for underground roads, such as the
Extensions of the use of
Bristol."
Highland Division by the Mersey Electric Co. and the comprehensive scheme of
Plymouth Division and the
third rail, and on the New Canaan Branch by overhead electrification now being prosecuted under the name
electricity to
equipment
is
the
from Nantasket Junc- of the Underground Electric Railways of London, Limited. These, however, also fall in a class by themselves.
tion to Cohasset by third rail, together with the preparaThe Lancashire & Yorkshire Ry. and the North-Easttion of the Providence "Warren & Bristol RR., for overern Ry., we learn through the "Railway News" of Lonhead trolley service, are noted in the reports for 1898
don, share the distinction of being the first to undertake
and 1899. In 1900 it was stated the completion of the electrification of a standard English steam railway.
installation of electricity on the Providence Warren & The
Lancashire & Yorkshire plans include use of
Bristol had been "delayed on account of the difficulties electricity on an equivalent of 47 miles of single track
in obtaining equipment and machinery for furnishing from Liverpool to Southport, and those of the Northpower;" but in 1901 the announcement came that the Eastern Ry. include 82 miles of single track in the section
equipment of that line had been completed and "prom- of country about Newcastle-upon-Tyne. These schemes
are just nearing completion, parts of the electrified secised successful results in operation."
In addition to electrifying these portions of its own tion of each having been very recently opened, while
work on the remainder is progressing rapidly. Diverroad, the New York New Haven & Hartford Co. has
sion of traffic from their lines by the construction of
from time to time acquired ownership or control of a
competing electric tramways is given as the direct cause
considerable number of independent trolley lines.
Inof this action on the part of these two companies.
formation is lacking as to just how many street railways
In Germany, though the electricians there are
the New Haven Company controls, but among the lines well advanced in all branches of electric
developwhich it has acquired, or become interested in, may be ment, and have been carrying on an extensive series
mentioned the Stamford Street Ry., the Meriden Elec- of experiments, the results achieved have appartric RR., the Worcester & Connecticut Eastern and the ently not been turned toward the conversion of the
Fairhaven & Westville RR.; control of this latter sys- existing steam lines, but rather to the construction of
tem embracing 116 miles of track, was taken over on new electric lines. Nevertheless it seems that regular
March 12 of this year. Altogether the New Haven Co. service was begun in 1903 on an experimental electri.
is supposed to own or control about 300 miles of electric fied portion
of one of the suburban railroads from
road, of which the greater part consists of separately Berlin, 5£ miles in length.
second line leading to
operated trolley lines.
Kopenick is now being equipped. This may mark the
But apart from the New Haven road there are relative, beginning of a change from steam to electricity for the
ly few instances of this kind.
The Fonda Johnstown & suburban service of Berlin at least.
Gloversville RR. is another steam road which operates
According to the "Railway Age" the Swedish Governelectric lines, though these also were originally indepen- ment has become sufficiently interested in the matter
to
dent electric railways. They are the Cayadutta Electric appoint a well-known electrician to make an expert
Ry. and the Amsterdam (Electric) Street Ry., and were examination into the subject with a view to the possible
purchased in 1902. In the same year the North Shore electrification of the State railways. That country has
RR. of California began to electrify and standard-gauge abundant water power and large quantities of peat, both
25£ miles of its 87 miles of narrow-gauge road. This of which might be used to advantage in generating elecwas finished in August 1903. The year 1902 also saw tricity.
the Cincinnati Georgetown & Portsmouth RR., 55
In France the main instances of steam roads using
miles, formerly a narrow-gauge steam road, changed to
electric motive power are the Paris- Versailles road and
standard-gauge electric. In 1903 the Ohio River & West- the underground railway of the Compagnie
d'Orleans in
ern RR. succeeded to the Bellaire Zanesville & Cincin- Paris. The Paris- Versailles
road did not substitute
trolley
;
and
to the piece of road
A
nati.
The Bellaire Zanesville & Cincinnati Company oper-
elec-
steam on its lines, however, but built an
ated a narrow-gauge steam road, which the Ohio River auxiliary line, equipped for
operation with that power on
& Western Company plans to change to standard-gauge separate tracks for the greater part of the distance, for
and operate by electricity for its passenger business and the purpose of relieving the overcrowded condition of
by steam for its freight service. The present month the its traffic.
Chesapeake Transit Co. (electric) has bought control of
In Italy the Lugano line as early as 1890 operated
the Norfolk & Southern RR. (steam), and proposes to with electrical
equipment over part of its route. Now
equip for electrical operation the lines of that road lying
beteen Norfolk and Virginia Beach and Munden Point.
Mention, of course, should also he made of the application of electric power in the operation of the
elevated
roads in New York and Brooklyn.
tricity
for
two other roads, the Lecco RR. (68 miles) and the
Varese road (66 miles) use electricity for their regular
service.
Electric equipment is winning much favor in
that country for heavy traffic, and it is reasonable to
expect a further extension of the system there.
Tunnel service is an exceptional phase of steam road
Enough has been said to show that the movement
operation, and electric traction for such use cannot
fairly toward adopting electricity for heavy operations of steam
be classed with the instances already given. Such is roads
which is going on in this country and Europe is at
the case of the Baltimore & Ohio lilt., which is
operat- least worth watching if only to observe the practical
ing some very powerful electric engines in its tuuuels.
results which follow
r
o
.
: :
:
RAILROAD
y
.
"
COMPANIES.
(For Miscellaneous Companies see pages 1722 to 1746 inclusive.)
EXPLANATORY.—This Supplement Is expressly Intended for use in oonneotlon with the investment news and official reports published
from week to week In the Chronicle. Frequent reference Is therefore made to the volume and page of the Chronicle (as, V. 74, p 000)
where fuller information may be found. Following each statement also Is given a referenoe to the latest news Item In the Chronicle respecting
the oompany. As every such item contains a referenoe to the last preceding item, the reader oan run baok over the company's history
at pleasure. Annual reports are in black-faced figures, and italics Indicate a paragraph headed by the name of some other oom pan
Index.— Any oompany not In regular alphabetical order may be found by means of Index to roads leased and consolidated In this Supplement.
Dividends.—The dividends tabulated In the text are those aotually paid during the oalendar years named, Irrespective of when earned.
Net earnings are given after deduotlng operating expenses and usually taxes, but not Interest, rentals or other fixed oharges.
Securities.— These are described in table at head of page [exoept the stook, for lack of spaoe, sometimes only In text below] as follows
Miles of Road.— Opposite bonds, this means the miles of road owned oovered by the mortgage.
Size or Par Value.—Shows (in dollars unless otherwise marked), the denominations or par value, " 100, <feo.," signifying $100 and larger.
Rate Per Cent. — The Interest and dividend rate, per annum is here shown g., gold; our., currency x, extra s. stook or scrip.
When Payable.—J. & J. stands for January and July; F. & A., February and Aug'ist; M. A 8., Maroh and September; A. & O., April and Ootober.
M. AN., May and Nov.; J. & D., June and Deo.; Q.—J., quarterly from Jan.; Q.— F., quarterly from Feb.; G,.— M., quarterly from Maroh.
Bonds, principal when due, etc.—This column shows the date when the bonds mature and the amount and date of the last dividend.
M. for " mortgage; " gen. M. for " general mortgage; " oon. M. or oonsol. M. for " consolidated mortgage; " lno. M.
Abbreviations in table
oum. for
or "inooine mortgage;" g. for "gold;" o. or our. for "ourrenoy;" guar. p. A 1. for "guaranteed prinolpal and Interest,
" cumulative " non-oum'. for "non-oumulative;" oonv. for "convertible into stook at holder's option;" pref. for "preferred;" s. f. for " sinking
"registered (no coupons);" o. "coupon;" o." "ooupon but may be registered as to principal;" br. "branoh;"
fund;" 1. gr. for "land grant;" r. fully
end. "endorsed;" "red." redeemable; d'rn" or "drawn" subjeot to call when drawn by lot; "p. m." "per mile;" as'd "assumed." "x '
Mortgage Trustees and Stock Transfer Agents (TR Treasurer's Office) are indicated thus
Payable without deduotlon for any tax.
N. Y. CITY— (Concluded—
Baltimore—
New York City—
PlTTSBURQ —
Louisville—
;
;
;
:
'
;
B—
BowIIdk Green Trust.
Ce— Central
Trust.
CI— City Trust.
Col—Colonial Trust.
Ka— Eastern .Trusu
Eq— Equitable Trust.
K—
G—
& Trust.
Farmers' Loan
Guaranty Trust.
Knickerbocker Trust.
Ma— Manhattan Trust.
K—
Me— Mercantile Trust.
Mo— Morton Trust.
Mp— Metropolitan Trust.
N—
N. Y. Security
& Trust.
No— North American
Trust.
*— Standard Tru9t.
Ta— Trust Co. of America.
Un— Union Trust.
Us— United States Trust.
Usm-U. 8. Mort. & Trust Co.
Boston—
A B— American Loan & Trust.
B B— Boston Safe Dep. & Tr.
IB— International Trust.
N B— New England Trust.
O B— Old Colony Trust.
SB—
State Trust.
BBa- Bait. Tr. & Guaranty. CL— Columbia Finance & Tr.
CoBa- Continental Trust.
FBa— Fidelity & Deposit. KL-Fldelity Tr. A, Safety Vlt.
LL— Louisville Trust.
M Ba— Maryland Trust.
^Ie Ba— Mercantile Tr. & Dep.
Philadelphia—
S Ba— Safe Dep. & Trust Co.
Chicago—
FP— Fidelity Trust.
AC— Amer. Trust &Sav. Bank. <JP— Girard Trust.
EO— Equitable Trust.
(Jul*—Guaranty Tr. & S.Dep.
IC— Illinois Trust & Sav. Bk. HI P-Provldent L. & Tr
MC— Merchants' Loan & Tr. PeP— Penn. Co. for Insur. on
NO— Northern Trust.
Lives & Gr. Ann.
RC— Royal Trust.
WP— West Knd Tr.& S. Dep.
UC— Union Trust.
C PI— Colonial Trust Co.
KPl— Fidelity Title A Trust.
P PI— Pittsburg Trust.
UPi— Union Trust.
St. Louis—
M St— Mississippi Vallev Tr
SSt—
St.
Louis Union Trust.
San Francisco -
CS— California
& Trusts.
Saf
Deposit
BT Subscribers will
confer a favor by giving immediate notice of any error discovered in tbese Tables. ^£|
Bonds— Prlnoi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due*
Amount Rate per When Where Payable, and by Stocks— Laet
For explanation of column headings. &o.. see notes
of
of
Par
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
Dividend.
above.
I
Akr.<£ Barberton Belt— l8tM.,8.f.,text,g.Usm.o*&r
Alabama Great 8outh'n—"B" shares (English
Pref.
"A"
1902
£10
£10
shares, (English Co.) 6%, £800,000...
IstM. (American Co.) gold, $1,750,000
F.o
General mortgage, £1,160,000
.Ce.c
Debentures, gold (English Co.)
o
Alabama Midla7id—8ee Atlantic Coast Line RR.
Ala. N. O. Tex. <6 Pac. June.— Deferred "B" shares...
Preferred "A " shares, 6 p. o. cumulative
"A" deben., red. aft. Nov.1,'10, at 1 1 5—See text.
"B" debentures, Income, red. after 1910 at 115.0
"C" deb., income, subjeot to call any time at 100.
Alabama <£ Vicksburg—StotiX. $1,050,000
Vloksb'g & Mer. 1st M. gold, $1,000,000.
.xo*
Ala. & Vicks. oonsol.lst M., ($1,800,000) g..Ce.o
2d M., originally $700,000. g
Oe.O
Alaska Ventral -1st M., «., red. at 105 aft. 1908.0*
Albany <e Northern -1st M., g., ($50,000 are pref.)o
Albany <6 Susq.—Stook, dlvl'ds guar, by D.& H. (end)
Oonsol. M. ) (guar. p.<te 1. end.) currency 7s. P.o*<fcr
now IstM.
do
6s, interest only in gold
Albany dk Vermont—Stook, 3 p.o. guar, by rental)..
Allegheny <£ Western— Stock ($3,500,000)
1st M. $2,500,000, gold, guar., p. & i. end.G.o*..
Allegheny Valley— 1st M., guar. Penn. RR
Mort. to State Pa., $100,000 due Jan. 1, yearly..
Gen. M. ($20,000,000) g., guar. p.&l. FPl.x.o*&r
Allentown MR. (leased to Phlla. & Reading Ry.) ..
F
.
s
$989,000
4g.
£1,566,000
£676,070 10 in '03
$1,750,000
£526,000
£134,000
6 g
$1,000
Co.)
290
1878
1888
1886
$1,000
£100
£100
£10 £2,500,000
£10 £1,500,000
1890 £50 &o.
£748,850
1890 £20 Ac. £1,048,390
£810,652
1890 £20 etc.
143
143
143
143
"35
142
142
12
61
61
259
259
260
100
1881
1,000
1889 100 &o.
1889 100 Ac.
1903
1,000
1696
1,000
100
1876
1,000
1876
1,000
100
100
1898
1.000
1869
$ &£
1869 100,000
1892
1,000
50
J.
&
<fc
D. N.V.,U.S.Mort.&Tr. Co.
D.
& J.
& D.
F&A15
London.
do
June 1, 1942
Dec, 1891
Deo.21,'03,5%
N.Y..Farm.L.ATr. A Bos Jan. 1, 1908
London,Glyn,Mlll8&Co. Deo. 1. 1927
do
do
Aug. 15, 1906
&N
Lon. ,Glyn,Mills,C. &Co Nov.1,1910-40
N.
do
do
Nov.1,1910-40
A. & O.
See text.
Nov. 1, 1940
$1,050,000 9 in 1903 Yearly. N. Y., Central Trust Co. Aug. 28/03, 9
do
do
Apr. 1, 1921
1,000,000
6g. A. A 6.
do
do
Apr. 1, 1921
588,800
5 g. A. A O.
do
do
5 K. A. A O.
Apr. 1, 1921
601,300
875,000
O. Chicago and New York. Apr. 6, 1933
g A.
2 g J. <te J.
Jan. 1, 19-46
400,000
J. A J. N.Y.,Del. & Hudson Co. Jhu.1904, 4i*
3,500,000
E
do
do
Apr. 1, 1906
7 our. A. A O.
3,000,000
do
do
Apr. 1, 1906
7,000,000
6g. A. A O.
Troy, N. Y.
M. & N.
Nov.l5,'03,Ha
600,000
3
Iselin A Co.
N.
Jan. 2. '04, 8
3,000.000
6g. J. & J.
do
do
O.
Oct. 1, 1998
2,000,000
4 g. A.
9,998.000 6g. or 7 A. A O. Phil., Pa. RR. Co. <fc Lon. Apr. 1, 1910
Treas., Philadelphia. Jan. 1,'05, etc.
J. & J.
500,000
5
g
-
t g
£
5 g.
-
M.
M.
<fe
&
-
&
6,192,000
1.268,884
inol. $1,
Y
,
Phlla., Pa., RR. Co.
Mch. 1. 1942
M. A 8.
071,400 under ReadlngCo.mort. of 1896.
Adirondack Ry.— In 1902 merged with the Delaware & Hudson^
The Nov., 1901, ooupon on B debentures was paid Jan., 1902, and the
May, 1902, on July 1, 1902; later coupons to Nov., 1903, were paid
Akron A Barberton Belt RR.— Owns a belt line around Bar- when due. A payment of 2^8 p. o. on "O" debentures was made In
berton, O., 22-43 miles in
length, with 11 miles under construction in Jan 1904.
consolidation in May, 1902; V. 74, p. 10S8.
Stook, $100,000, owned equally by the Cleve. Akion&Col., Bait.
Ohio, Erie RR. and the Vanderbilt Interests. Bonds authorized, $1,500,000; $500,000 reserved for future requirements. They may be
drawn at 105 by lot yearly Deo. 1. beginning 1903, by a sinking fund
of $11,550 per annum. V. 75, p. 440.— (V. 76, p. 434.)
A
.
&
Alabama Great Southern RR.— (See Map Southern Railway.)—
Owns Wauhatchie, Tenn., to Meridian, Miss., 291 miles; branch lines
owned, 6 miles
leases Wauhatchie to Chattanooga, 5 miles, and Belt
By. of Chattanooga, 45 miles; trackage to Blookton, Ala., 8 miles, and
Woodlawn, 19 miles total operated, 374 miles.
Organization.—Controlled by Southern By., but operated independently. V. 60, p. 26; V. 61, p. 375.
Ala. Oreat So. Ry., Limited,
owns all of the stook and debentures of Ala. Great So. RR., and has
Issued In place thereof its own stook and debentures respectively
for a like amount. The two companies own Jointly $833,300 stook
of Southwestern Construction Co. received in exchange for $833,800 Cin. N. O. <& Tex. Pac. stook. See V. 65, p. 1173.
Btock, Etc.—Of capital stook of English Co. the Southern Railway
Co. on July 1, 1902, owned $1,725,000 "A" shares and $4,540,050
_BW shares. V. 61, p. 26. For right to dividends see Maroh, '94. Supp.
Funded arrears of dividend (English Co.), bearing 4 p. o. interest,
$258,832; car trust notes, payable monthly to Mar., 1905, $92,277.
;
;
6966899
00000000
Dividend— )'91. '92. '93 to '95. '96. '97. *98. '99. '00. '01. '02. '03.
"A" shares. % 6
6
10
"B" shares. %) 1*2
Bonds.— General M. 6s, £484,000, will retire 1st 6s and debentures.
Latest Earnings— 8 mos. ) 1903-4. Gross, $2,075,499; net, $451,001
S-
July 1 to Feb. 29.
444,951
2094, showed
grots, $2,749,818; net, $685,016; other income, $12,469; interest
on bonds, $286,542; income tax, etc., $29,812; balanoe for stock,
9381,130; dividends on stock of American Co. (6 per oent), $185,437,
and 4 p. c. extra, $123,624 from profit and loss -(V. 77, p. 2094.)
Annual Report.— Report
>
1902-3. Gross,
1,777,062; net,
for 1902-03, In V. 77, p.
Alabama New Orleans Texas A Pacific Junction Railways Co. (Limited.)—This is an English company controlling Alabama &
Vioksburg, 143 miles; Vioksburg Shreveport & Paclflo, 189
Orleans A North Eastern, 196 miles.
Securities Owned.—Ala. A Vicksb. $30,000 1st mort., $387,700 2d
M., $141,100 oonsol. 1st M. and $581,500 stock; V. 8. A P., $1,386,gen. M., $2,080, 100 pf. and $2,773,500 com. stock N. O. & N. E.,
4,900,000 gen. M., $1,500,000 inoomes and $5,320,000 stook; S. W.
S000
onstruotion Co.. «448, 700 stook; Railroad Lands Co.. $108,850 (out
of $120,000; stook. Dividends on stooks owned in 1903, V. 77, p. 2279.
miles
;
New
;
Coup. Paid— For
"A"'Deben.. P. c.
d0
p c
!!5„
°0"
do ..P.e
-
-
-
555555555
'93. '94.
°
"
875
'95.
1
'96, '98.
'99.
2i«
4i«
2\
1*
'00.
'01.
'02.
5 Below B'w
2<>8
5
..
'03.
5
5
5
and 5 p. o. each in 1903 and 1904. V. 78, p. 227.
Earnings.—See separate statement for each of the controlled companies. In year ending Deo. 31, 1903, net from investments was
£160,182; paid general expenses (£3,312), Inoome tax (£9,401), Interest on " A' f debentures (£35,453), on "B" debentures 5 p o. paid In
Feb., 1902,
on"0" debentures, 5 p.o. (£38,506) balanoe,
including £7,715 from 1902, £31,589.— (V. 78, p. 227, 701 )
Alabama Vlcksburg Ry.—Owns Vioksburg to Meridian, Miss.
and branch, 143 miles, all steel rails. Controlled by Alabama New
Orleans Texas A Pacino Junction Co., which see. Reorganization of
the Vioksburg & Meridian foreolosed Feb. 4, 1889 (see V.48, p. 190).
Dividends.— '90 to '92, 3 p. o. yrly.: '96,3; '»7to '99,5; 1900 to 1902,
6 y'rly; 1903, 9 p. o. Stook div. of 50 p. o. in 1900; see V. 70, p. 632.
Bonds.—The new seoonds were inoome till April 1,1894, and are a
Of the $1,800,000 consols authorfirst lien on the lands— 37,352 acres.
ized, $1,000,000 are with trustee to retire V. & M. firsts.
Earnings.— Fiscal year ends June 30. For 9 mos. ending Mar. 31,
1904, gross, $1,008,926, against $863,345 in 1902-3. Report for 19021903 in V. 77, p. 2094.
Tears—
Gross.
Interest, etc.
Net.
Bal.,sur. Dividend.
1902-03. $1,150,547
$301,573
$140,260
$161,313 (9)$94,500
1901-02. 1,019,844
254,282
108,024
146,253 (6) 63,000
-(V. 73, p. 1157; V. 75, p. 1027; V. 77, p. 1224,2094.*
Alaska Central Ry.— Projected from Seward, on the south coast
of Alaska, north to Atwood, on the Tanana River, 413 miles. In June,
1903, oontraot for first 25 miles was let. Stock, $2,500,000 5 p. o.
non-oum. preferred, offered for subscription in Oot., 1902; common,
authorized, $27,500,000: par of shares, $50. Bonds are limited to $35,000 per mile of main line and brandies. The Central Trust Co. of
Illinois (Chicago) is mortgage trustee. In April, 1903, $3,500,000
were offered, accompanied by a bonus in common stook. See V. 76, p.
703,1354. fres. and Gen. Mgr., G. W. Dickinson, Vloe-Pres., John
H. MoGraw; Sec, John E. Ballaine, Treas., J. W. Godwin. OHioe, 215,
216 Denny Bldg., Seattle, Wash.-(V. 75, p 905; V. 76, p. 703, 1354.)
Northern Ry.— See Supp. for Apr., 1903.
Albany
Jan., 1903 (£49,635),
&
&
Albany A- Susquehanna RK.— (See Map Delaware d Hudson. }Road.—Owas Albany, to Binghamton, N. Y., 142 miles. Leases,
Cobleskill, N. Y., to Cherry Valley, 21 miles, practically owned by
II.; total operated, 103 miles.
D.
Leased for 150 years from Feb., 1870, to Delaware
Hudson Company; rental Is 9% per annum on stook. (See guaranty, V. 56, p. 774.)
annual Report.—Earnings for years ending June 30
Bal., profit,
Gross.
Net over taxes.
Rentals.
to D <& H.
A
A
1902 03
1901-02
$953,792
$4,608,822 $2,006,965 $L,053,173
1,140,218
4,643,964
2,163,146
1.033,152
(V. 73. p. 337; V. 74, p. 1088; V. 75, p. 342, 1147.)
Vermont RR.— Owns road from Albany to Water
Albany
(ord Junction, N. Y., 12 miles, Leased to Rensselaer & Saratoga In
I860 and now operated by D. & H. Canal Co. Annual rental, $20,000
...
&
:
KAILWAY STOCKS AND BONDS.
1584
RAILROAl>B
*or explanation of column headings, Ac,
on first page of tables.
textSSt
Iron— Stock
<&
292
25
101
o*
A
7,734
7,734
—
282
i.41
375
269
Nov
Originally
p.& l.gu.GP
100
2*2'S
228
"86
1,000
1,000
1,000
100
1881
1904
1889
1900
1898
1901
2?0
83
mort.M.GP.
In Apr., 1904. interest on
1.
1,000
1,000
500
"66
mortgage, gold
Atl. City 1st con. M., $4,500,000, g..
a
l,000*c
l.OOO&o
1880
1896
1902
1903
A West Point—Stock
Debenture certificates
Atlan.<tBirmwg)>.— IstM., $12,000 per m... OB*
Atlantic Oily— IstM.. $2,200,000, gold ..GnP.xc*
real est
1,000
1,000 Ac
500 &o.
500 Ac.
1,000
1,000
Us
money
1,000
265^2 1877
265»c 1877
Atlanta
lien
1885
1887
1895
1895
1903
1902
1898
1896
142
G
i'.obo
100
100
7,960
OB
—
1900
1898
22
BB.CAr
Atlantic City purch.
$1,000
1,000
1,000
1,000
1,000
-
1st refunding mortgage, $400,000 gold.N
Ateh. rf East'n Bridge—1st M.g.,s. f.,red., text.Ce
Atchison Topeka
Santa Fe Ry.— Stock, com.
Stock, preferred, $131,486,000, 5 p. c, non-cum
Chlo. A St. Louis IstM. ($10,000 p. m.) oor.F..c
Chlo. Santa Fe A Cal., 1st mort., gold
Hn.e'w
General mortgage, gold, see text
Ad). Inc. M.. cum. from July 1, 1900, g., Ce.o'ir
East. Oklah. Dlv.. 1st M. $10,000,000, g.«. c*<fer
c&r
Deb., g., Ser.B to I,,$2,500.000ea.; call 105
c*
Hutoh. A So., 1st M., g., red. 105 aft. 1907.
8. Fr.A San Jo. Val., 1st M.,g.,call aft.l915.Me.c
A tlanta dt Oh arlotle Stock (see text)
Pref. M. (old 7s ext. In 1897), see V. 64, p. 286.0*
IstM. [voting power, 10 votes for each bond] our.r
Income bonds (not oum.) extended in 1900
A Hat: Knoxv. <& No.Ry 1st M., $1,000,000, g. Ce
Oonsol. mort, gold, $10,000 per mile
Atlanta Terminal— 1st M., $1,500,000, gold.S o'&r
8ea Coast prior
1889
1895
1899
1899
1903
3
Allentown lerm'U- 1st M., guar.p.A1.(end.)g.Ce.xo*
gold. I»I pi...o*
o
Arizona <t Utah— 1st M., $600,000, gold.N
Arkansas 8onlhem-l*t M.. $1,350,000, g.TOSt..
Asuland Coal
Size, or
of
Par
Road Bonds Value.
Ann Arbor— 1st mort., $7,000,000,
Arfc. V.celF.— lstM.($4.500.000),g.,red.
Late
Miles
of
see notes
1,000
1,000
1,000
1,000
.... I
All.
1,000
*26.1 12.000 had bee
A Western By.— (See
Map Buff. Roch. <t Pitts.)—
to Butler, Pa. (about 60 miles), opened Sept. 4, 1899.
An extension of Buffalo Rochester A Pittsburg, to which leased in
Serpetulty for guaranty of bonds and 6 p. o. on stock. Uses Pitts.
West from Butlerto New Castle and Pittsburg under a traokage arrangement, making in all 135 miles. See application to list In full, V.
70, p. 849.— (V. 71, p. 501; V. 74, p. 774.)
Allegheny
Punxsutawney
;
to Oil City,
others, 18 miles.
Organization,
Reorganization March 1, 1892, of the Allegheny
Valley Railroad, foreclosed per plan In V. 53, p. 324, 368, 520 ; V.
54, p. 409, 524. Road controlled by the Pennsylvania RR. Co. as majority stockholder, owning 19,653,800 of the $10,544,200 common and
$11,876,654 of the $17,172,850 of 3 p. o. cumulative preferred stock;
authorized issues $12,000,000 and $18,000,000, respectively, in $50
shares. Wording of pref. certificate was in editorial of Supplement
of Oct. 30, 1897. p. 3. Leased to the Penna. RR. Aug. 1, 1900, for 20
years, rental being the net earnings. V. 70, p. 27; V. 72, p. 491.
;
Red Bank, Pa.,
Ac—
to Driftwood, 110
m
Outstanding
$450,000
4
7,000,000
334,000
1,262,000
4,500,000
773,500
300,000
575,000
102,000,000
114,199,530
1,500,000
660,000
148,155,000
51,728,000
5,645,000
25,000,000
195.000
6,000,000
1,700,000
500,000
4,250,000
750,000
1.000,000
500,000
1,200,000
1,232,200
1,232,200
2,2«5,000
2,200,000
75,000
350,000
1,064,000
n stamped p
4
Report for 1902, V.176, p. 1245. In 1903. gross, $4,938,191; net, l$l,361,547; Int., taxes, etc., $1,193,853; extraordinary expenditures,
$128,203; bal., but., $39,691. (V. 78, p. 1391.)
A lie u (<> w n KB.—Topton to KuUtown, Pa.,4 ^ m.; Reading systemAllentown Terminal Railroad.— Owns 3^ miles of railroad in
Allentown Pa., connecting the East Penn. (Philadelphia A Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia A
Beading and Central of New Jersey (by assignment from Lehigh Coal A
1
Navigation Co.) at interest on bonds and 5 p. o. on $450,000 stock (par
$50), Donds being guaranteed, principal and Interest, bv Philadelphia A
Reading (foreclosed) and Lehigh Coal A Navigation. The Phila. A
Reading Ry. Co. In 1896 assumed the Reading's share of the old lease.
Arbor
Owns road from Toledo, O., northwesterly to
Frankfort, on Lake Michigan, 292 miles; operates car ferries between
Frankfort, Mich., Kewaunee and Manitowoc, Wis., and Menominee
and Gladstone. Mich., and Manistique, Mich. The Pere Marquette
ana Wabash use the Toledo terminals.
Organization.— Successor Nov. 1, 1895, to Tol. Ann Arbor A Nor.
Mich., foreclosed Maer Qulntard-Lawrence plan in V. 59. p. 782. In
May, 1902. Gould interests purchased control. V. 74, p. 1088.
Stock.- Common, $3,250,000; pref en ed, $4,000,000; ft p. o. noncumulative; par $100. Pref. stock cert Supp. Oct. 30,1807, p. 3.
Bonds. Etc. The first mortgage (trustee. Metropolitan Trust Co.
N. Y.,) covers entire property, including terminals and freight boats
June 30. 1903, current liabilities, bond int. and accrued taxes, $416,294; cash and current assets, $a53,648.
Earnings. — 8 uios.,) 1903-4
Gross, $1,324,413; net, $416,884
July 1 to Feb 29. S 1902 3 ..
Gross, 1,296,934; net, 433,826
Annual RKPOKT.-Report for 1902-03 was In V.77, p. 821, showing:
Fear end June 30—
19<>3.
1902.
1901.
1900.
BB.—
Ann
Gross earnings
Operating expanses.
Net earnings
$2,037.-.
14 $1,893,410 $1,754,148 $1,721,453
1,443,761
1.373,056
*1.309,163
1.324.620
$5W3,453
275, »H4
51.439
$520,354
$444,9*5
$3W6,833
Deduct— Inter, st
2X0.185
281,331
283,805
Taxes.
52.312
...
49,733
46,003
Balance, surplus.. $2ii6,131
$l&7,b57
$113,»21
$67,025
"Operating expenses In 1903 Include $119,790 expended for new
property and improvements, against +150,433 in 1901-02.
President, Joseph Ramsey Jr.; Sec. D. C Tate; Treas., H. B. Henson, dlreotors, Oct., 1902, V. 75, p. 610- (V.77, p. 400, 821.)
A unapolls
Washington A Baltimore BB.—V.
75, p. 1301.
A
I'tah By.—Owns McConnlco to 3*q miles beyond
Chloride, Ariz., 25 miles; trackage, Kingman to MoConnico, 4 miles.
Stock, $600,000; outstanding June 30, 1903, $467,000; par,
$1<0. Remaining, $266,000 bonds Issuable only on completion or 25
miles additional road. For year ending June 30, lit03, gross. $65,983;
Arizona
net. $10,743; charges, »2O,040; balance, def., $9,297. President, F. L.
Sec. and Treas.. R. H. Eggleston. 31 Nassau St., N. Y.
Underwood
;
Arkansas fflldland BB.— See page 1746.
Arkansas Southern BR.— Owns Eldorado,
Ark., south to WinnI, a
101 miles. In Apr., 1904. extension was proposed from
Wlnnfleld to Alexandria, 50 miles
Early in 1903 St. Louis parties acquired control. V.76, p, 704. Stock authorized, $3,160,000; outstandpar of shares. $100.
ing, $1,262,000;
Bonds are limited to $12,500 per mile of main track. Year ending
June 30, 1903, gross. $394,259; net, $140.H25; other income, $«78;
total deductions, $74,407; balance, eur., $67,296.
President and
Treasurer, Geo. W. Hunter; Vice-President, H. O. Brown; Secretary, W. H. Crouch. (V. 76, p. 704, 751.)
Arkansas Springfield Northwestern
Projected from
Jefferson City to Springfield, about 160 miles. Stock authorized, $3.000,000. The stockholders on Jan. 20. 190 J, authorized first mortgage
bonds at $20,000 per mile. V. 75, p. 1085, 1398. President, HeDry C.
Solomon, Kansas City, Mo. Dirootors Jan., 1903, V. 76, p. 330. (V.
75, p. 1085, 139S; V.76, p. 330, 751.)
fleld,
,
A
BB.—
A J. New York and
0,- J. N.Y., Metropol.
J.
g.
g-
6g.
5g.
A.
J.
J.
A
A
*
—
4g- M A
4g. J. A
4 in 1903 J. A
5 In 1903 F. A
6 our M. A
5g J. A
See text.
(J
4g8
A.
A
M. A
4
F.
J.
A
A
5 g- A. A
7 In 1903 M. A
A. A
4
7o. J. A
A. A
4
5 g. J. A
M. A
t g
4 g- J. A
A
6 In 1901
J. A
6
5g. J. A
5 g. M. A
5
-
.1.
K.
4Jfl
5
g.
g.
4
ayable
A.
J.
&
A
A
M .&N
July
S.
A.
J.
O.
8.
O.
J.
O.
D.
July
Mar.
do
do
do
do
do
do
do
dd
do
do
See a
J
Phlla.
1,
1919
Tr. Co. July 1, 1995
O. N. Y. .N.Y.Sec & Tr. Co. Apr. 1, 1929
J. Missis.Val. TT..StLouls July 1, 1928
J. New York and St. Louis. .Ian. 1, 1953
«. Check from Co.'s office Mar. 15, '04, 1
N. N.Y..N.Y. Sec. ATr. Co. May 1, 1925
J. N. Y., Cent'l Trust Co. July 1, 1928
D. Checks mailed fr. N. Y. June 1,1904, 2
Feb.l, '04, 2»i
do
do
A.
S. N. Y., 5 Nassau Street, Mch. 1, 1915
do
Jan. 1, 1937
do
J.
do
Oot. 1, 1995
do
O.
1,
1,
1995
1928
Feb.. 1905-14
Jan. 1, 1928
Oot.
1.
1940
N.Y.Cent.Tr.Co.,54Wall Mar. 6,'04,3»»
do
Jan. 1, 1907
do
Jan. 1, 1907
do
do
do
Jan. 1, 1907
do
Offloe.L&N.,71 B'w'y. Deo. 1, 1946
do
do
8.
Mar.
1,
2002
D. N. Y., Standard Tr. Co. June 1, 1953
See text.
Atlanta, Ga.
J.
do
do
J.
J.
Co's option.
Jan.
N. Phlla., Read. Ter. Bldg.
do
do
O.
Philadelphia.
O.
do
J.
May
Apr.
Apr.
July
1,
1,
1,
1,
1,
1934
1919
1930
1948
1951
V. 70. p. 944.
RR
AW'
-TulPa.I. T., northwesterly to
A rkansas Valley
stern
Avard, 175 niies. completed Mar. 1, 1904. Operated by the St. Louis &
San Francisco RR. V 78, p 49. Ptook f 3.500,000. and bonds are all
owned by St. Louis &8an Fran. Bonds are subject to call at par and
interest on and after July 1, 1912, or at any time at par if an extension Is arranged at a lower rate of interest President, C. G. Jones,
Oklahoma City, O.T Sec, John B. LtDden.-(V. 78,p. 1167.)
;
A she vl lie A Spartanburg BB.—See Southern Ry., Carolina Dlv.
Ashland Coal A Iron By.—Ashland to Straight Creek Junction,
;
Bonds.— General mortgage Is guaranteed by Penn. RR. by endorsement on each bond. Real estate mortgages, Jan. 1, 1903, $734,564.
Bonds— PrlnoiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable and by Stocks— Last
Dividend.
Whom.
Payable
Cent.
Amount
Allegheny Valley Railway.— Owns from Pittsburg
Pa., 133 miles
[Vol. lxxviii.
A
Ohio has trackage over this road. The mining InterMining Co., stock
in Jan., 1902, transferred to Ashland Iron
being reduced from $1,547,000 to $773,500. rBonds, see V. 71, p. 27.
Year ending June 30, 19o3, pross, $166,258; net. $75,746; interest,
taxes, etc.. $$38,091; dividends (3 p. c). $C3,205 balance, surplus for year. $14,450. Total surplus June 30, 1903, 5220,512. Dividends In 1895-96, 4 p. o.; in 1896-7, 4 p. c; in 189 ,-a, 4 p. c; In
1898-9, 4 p. c; In 1899-0, 4 p. c; June, 1900, to June 20, 1902, 6 p. o.
yearly (H» p. o. Q-M). and in June, 1902,3 p. o. ext' a; Sept., 1902,
none; Dec. 1 p. e.; in 1903. 4 p. c; 1904. Mar., 1 p. c Directors, Oct.
1903, V. 77, p. 1532. President, Robert Peebles; S*oretary and Treasurer, Frank B. Moore.— (V. 76, p. 76,732; V. 77, p. 1532.)
Goble to Seaside, Ore., 79
River
Astoria
miles; branch, Warrenton to New Astoria, 2 miles; trackage, Goble to
Portland, 40 miles; total, 121 miles. 8tock outotandlng, $1,619,000;
par, $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
A., Issuable at $40,000 per mile ; outstanding,
7. 1996, Interest F.
$3,280,000. Central Trust Co., Trustee. In 1903 interest on bonds
was paid; prev ious interest reported to be unpaid. Year ending June
30, 1902, gross, $306,954; net, +118,477; charges, $140,512; bal., def.,
$22,035. Pres., A. B. Hammond, Astoria, Ore.— (V. 77, p. 2158.)
Kv., 22 m. Ches
ests
A
were
RR.—
A Colombia
&
A
Atchison Eastern Bridge.—Owns railroad and wagon bridge
at Atchison. Kan., connecting with the union station. Used by the
Atch. Top. A Santa Fe, the Chic R. I A P., the Mo. Pao. and the Chlo.
BurL A Quin. A reorganization of the Chlo. A Atch. Bridge Co. foreclosed Mar. 4, 1898. per. plan V. 65, p. 366. Stock, $700,000; par,
sinking fund equal to the difference between the
$100 per share.
annual Interest on the outstanding bonds and $30,000 will retire
bonds yearly at par and interest (by lot If not purchasable in the open
market). Year ending Dec. 31, 1902, gross, $96,656; net $75,002;
int. and sinking fnnd, $30,000; renewals and other charges, ($6,675Pres. and Treas., Howard P. Eells, Cleveland, O.— (V. 67, p. 578.)
Santa Fe Rnllu ay.— < See Map}—
(The) Atchison
The system operated July, 1903, comprised 8,00391 miles of
railroad, and embraced an unbroken line of track from Chicago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Pacific Ocean;
also to Galveston, Tex., and the Gulf of Mexico.
A
Topeka A
For operating and statistical purposes the system is divided as follows
Miles.
Atchison T. A S. F
Gulf Colo. A S. F
Southern California
6,173-61
1.202 89
Rio Grande A El Paso...
South. Kans. Ry. of Tex.
Miles.
2017
129-17
47807
Total Of
S.003-91
Also owns stock of the Santa Fe Pres. A Phoenix and oontrols the
Northeastern, 611 miles In all. V. 75, p. 680. In 1900, acPecos Val.
quired control of Gulf Beaumont A Kansas City and Gulf Beaumont A
Great Northern, which are leased. V. 76, p. 751; V 77, p. 1224.
Organization.—This company was organized on Dec. 12, 1895
under the general laws of Kansas, by the purchasers at foreclosure
sale of the property and franchises of the Atchison T. A Santa Fe RR.
Co. in accordance with a reorganization plan. V. 60, p. 658.
The railway company in July, 1903, owned in fee 5,606 miles of the
system, and also all, or nearly all, the bonds and stooks of the
various companies in which the title to the other lines Is vested. V.
68, p. 974. A list of such holdings is in the general mortgage (in V.62, p.
732, 733, and successive annual reports). See V.69, p. 1300; V.71, n. 27.
In Mar., 1903, the Eel River A Eureka, In Northern California,
together with the California A Northern, 51 miles, was acquired In
the interest of the company. V. 76, p 653. The stockholders voted on
Deo. 11, 1902, to purchase the Santa Fe Paclflo RR.,etC, V. 75, p. 980.
San Francisco A San Joaquin Valley Ry. was merged In June, 1901.
V. 68. p. 426; V.67 p. 841. 1355; V.71. p. 605; V.72,p.ll34.
In Aug.. 1901, lines in Oklahoma were proposed, 282 being operatedOet. 1903. V.73. p. 736; V. 74. p. 150; V. 75. p. 610, 980; V. 77, p.
1224. In July, 1903, a cut-off was under construction from Belen,
N. M., to probably Portales, on the Pecos Valley, shortening the main
all
A
about 200 miles. V. 75, p. 28, 980.
In Nov., Ifl03, the San Francisco A Northwestern Ry. projeoted
from Alton, Humboldt County, Cat, southerly to a connection with
the Atchison near Point Richmond, on San Francisco Bay, over 200
miles, was purchased; also the Randsburg RR., 30 miles.
Phoenix A
line
A
Eastern, see V. 77, p, 63S, 1294, 2279.
Stock.— The preferred stook has preference as to assets and noncumu latt ve dividends not exceeding 5 p. c per sum., as declared by the
uoaru of dlreotors out of net profits. No other mortgage and no
inorease in the preferred stook oan be made without the consent of a
majority of all the preferred stock and of all common stook represented at a meeting. The total authorized amount of preferred stock is
$1 3 1,486.000,
lines;
of
which $10,800,000
aho $6,486,470
in
is
special trust
reserved
for
to
acquire other
improvements, exten-
Apr., 1904.
RAILWAY STOCKS AND BONDS.
1585
;'
.
.
RAILWAY STOCKS AND BONDS.
1586
RAILROADS.
Bonos— Prlnol
INTERE8T OR DIVIDENDS.
pal, When Dae.
Rate per When Where Payable, and by Stocks— Last
•
Miles
Date
Size, or
Amount
of
Par
Wor explanation of column headings, etc., see notes of
Road Bonds Value. Outstanding
on first page of tables.
Atlantic Coast Line Oo.(Oonn.)— Stock, $30,000,000
Ctfs.ofindebt.,lnc.,non-oura.,$6,000,OOO.r.SBa.
do
do
red.atl05aft'r'20jT8.SBa
do
At la, i. Coast IAne RR.— 8tk., common (text)
Class "A" com. stk. tax exempt (Rich. & Pet. ctf s.)
Preferred stock, 5 percent
lstoonsol.
$80,000,000,
M
U
».... o*&r 3,850
text
Col.tr. M., gold, sec. by L. <feN. stock,red.l05.oisr
Certificates of Indebtedness (new) $25,000,000
,
do
do
g.,
(old)
Bonds Underlying 1st Consol
(B.C.). cons.
.
&
.
Income mortgage
Ala. Mid., 1st M., g.(Bainb. to Montgom.) Mp.xc
Florida South'n. let mort $5,000,000, g,A Be*
Sanford
St. Petersburg, 1st mort., gold. Pel*.
Four small Issues
,
&
Pref. stock certificates in
sione, etc.
8.
$100 $10,500,000
1897 100 &c.
5,000,000
1900 100 &o.
5,000,000
100 35,659,000
100
991,000
100
1,726,700
1902 l.OOO&c 36,844,975
1802 100 &o 35.0O0.00O
1902 100 &o, 21,404.000
1900 100 &o
11,100
Supplement
Common stock authorized, $102,000,000.
102
192
674
59
59
23
27
468
177
86
68
110
102
545
103
171
171
175
244
153
78-'93
of April, 1897,
page
Bonds.— The Gen. Mort. (Abstract V. 62, p. 731-739, see also V. 68,
974) Is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
of 7,734 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions.
Central mortgage 41 (limited to $165,490,500).
^iHJsitf^^In 190L
a To retire guarantee fund notes paid and car trusts at
not exceeding $1,260 for each $1,000 of old bonds... $16,600,000
1,600,000
b Non- assenting bonds from reorganization of 18&9
1,600,000
e Chicago & St. Louis 1st mortgage 8s
For improv'ts, terminals, second track, equip't, etc.,
at not exceeding $3,000,000 yearly, of which not over
$750,000 for extensions
(2,840,254
606,U00
1,600.000
30,000,000
6,615,t«3
and other lines
20,000,000
0,73 i, 503
The Adjustment Mortgage (Abstract V. 62, p. 739) is to the Central
Trust Co. as trustee. Interest is payable only out of net earnings
for the fiscal year up to 4 per cent and the rate is to
be
determined on or before October 15 in each year
interest
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present issue is limited to $51,728,000, but when the $30,000,000 general 4s authorized for improvements as above have been issued (1. e.,
not before June 30, 1905), $20,000,000 additional adlustment 4s may
De Issued for the same purposes at not exceeding $2,000,000 in any one
year, but only by a majority vote of the adjustment bondholders. Interest—In Nov., 1897, paid 3 p. c; since, full 4 p. o. yearly.
The Eastern Oklahama division 4s of 1903 ($10,000,000 authorized)
will be issued for extensions; the present issue of $5,645,000 will be
secured on lines about completed in July, 1903, viz.: Paul's Valley to
Newkiik, Ind. Ter.. etc., a total of 282 miles. V. 76, p. 434.
The $30,000,000 debenture is of 1902 were issued to pay for $13,000,000 equipment ordered since July 1, 1901, and to oover the cost
of securities of Santa Fe Prescott
Phoenix, and construction of new
mileage already made or authorized, amounting to $5,000,000, and
additional equipment, terminal facilities and other permanent im provements made or incurred since July 1, 1901, or hereafter to be incurred.
No new mortgage on lines owned when the debentures were issued can
be made without securing debentures thereunder. See statement, V.
74, p. 150, and official statement in V. 74, p. 204; also V. 75, p. 680. The
debentures maturing Feb. l,|1903,'baving been paid from cash in the
treasury, are not included in the income account. V. 77. p. 2338.
San Francisco & San Joaquin bonds may be drawn at 110 after 1915
General Finances.— Capital expenditures from organization to
June 30, 1903, see V. 73, p. 1311; V. 77, d. 632 In Jan.. 1902, issued
$30,000,000 debentures, payable $2,500,000 yearly; see above.
In Dec, 1903, $l0,00O.Od0 general mortgage bonds were sold, mostly
for the purchase of additional rolling stock, double-tracking and
extensions. V. 77, p. 2338; V. 78, p. is27. Bonds per mile of road
mterest charge, $1,152. V. 77, p. 631.
July 1, 1903, $28,501
Latest Earnings— 8 ) 1903-4.Gross, $46,566,459; net, $1«, 363,078
mos.,July 1 to Feb.'29. 1902-3.Gross, 41,90i,23l; net, 16,683 664
Deducting taxes and rentals, balance for interest in 8 months of
1903 4 was $lri,823.l98, against $15,260,577.
Road operatedi8,122
average miles In 1903-4, against 7,956 miles in 1902-3.
Report.— Annual meeting third Thursday in Ootober. Report for
year 1902-03 was given in V. 77, p. 624, 631; see also page 605.
Average freight train-load, 279 tons in 1902-03, against 247 in 1901-02.
Tears end. June 30—
1903.
1902.
1901
1900
Aver, miles operated
7.965
7,855
7,807
7 341
Gross earnings
$62,350,398 $59,135,086 $54,474,822 $46,232 078
Operating expenses 38,437,110 33,909,268 32,262,946 27,521,499
Pacific
;
&
;
<,
Net earnings. .
.
$23,9 13,288 $25,225,818 $22,211,876 $18,710,579
IP02-C3.
Met earnings.
Other Income
1901-02.
$23.m3,28* $*5.22 ,H1N
1,817,993
1,140,858
Taxes, etc.
Interest...
Net Income.... $26,231,881 $26,366,078 Bal.,surp
Dividend un preferred stock
Dividend on common stock
1902-03.
.»2.1«8,404
0,131,486
.
$13,8H>-,832
(5%)6.708,090
(4^)4.078,820
1901-02.
$2,803,103
8,438,986
$15 504 528
MK)
(6*)6.'70*
(4%)4,078*220
Balance, surplus for year
$4,111,422
$6,777,618
Ofkici-.rs.- Chairman of Executive Committee, Victor Morawet*- E
P. Ripley, President; D. L. Gallup, Comp.; H. W. Gardiner, Asst. Treas]
Directors.— Charles Mcele. It. Somers IIhvcs. Edward J. Berwlnd Geo (}'
Haven, John «. mh uiiuutiii. 11. Klemun Duvai. Thomas P. Fowler Victor
loiawetz. New York; 15. 1*. Cheney, Hostou; Kdwitnl P. ltlpley Byron L
Smith, Chlc-min; Andrew C Jobus, Wichita; Dowel Jones, Charles S Glued*
Topekn: ft. 1) Kenna. Chicago.
'
Y.— (V. 78, p. 227, 286, I486.)
Charlotte Air Line By.— (See Map Southern
OFFICE.-5 Nassau
Atlanta
A
St.,
N.
Rail-
OwM Charlotte. N. C. to Atlanta, (ia., 269 miles
The operating contraot of 1881 accepted by the Southern *Ry requires tne payment of Interest on At. <fe O. debt and 5 p. o. on stockIf gross earnings exceed $1,500,000, dividends to be 6 per cent:
and
voay System. h-
If
Baltimore.
In 1903 paid 5 p. o.
In 1903 paid 4 p. o.
Treas. Of., Wllm., N. C.
do
do
do
do
N. Y., U. S. Trust Co.
Mar.10,'04,2%
Irredeemable.
&D
J.
J.
J.
J.
&
&
&
4g- M.
&
4
5 in 1903
5 in 1903
5 in 1903 M.
J
J
J
<fc
N
&
N. N.Y., J. P.
S
t*
M.
M.
& N
4
J.
<fe
i*
1,000
p.
&
5 our
Dividend.
Q.-M.
8 in 1903
I
Whom-
Treas.
Morgan &Co.
off.,
do
J
J. & J.
657,000
1,600,000
J. & D.
5,547,100
4g. J. & J.
868,000
5g. J. & J.
A. & O.
800,000
&$' M. & N.
340,500
6
41* g. A. & O.
300,000
4,000.000 4g.&5g. J. & J.
1,800,000
4 g- J. & D.
500,000
4g. F. & A
500,000
4g. J. & J.
1,320,000
5 g. A. <te O.
400,000
5 g. J. & J.
6,500,000 5g.&6g. A. & O.
1,500,000
7g. J. A J.
3,000,000
4g- J. & J.
86,000
2,800,000
5g. M. & N.
2,418,000
4g. J. & J.
275,000
4 g. J. & J
5to8 Various
47,500
1883
1,000
1880
1,000
1898
1,000
1881
1,000
1881
1,000
1875 500 &o.
1890
1,000
1885
1,000
1899
1,000
1897
1,000
1894
1,000
1889
1,000
1896
1,000
1884
1,000
1886
1,000
1888 500 &o.
1888
1888
i'ooo
1895
1,000
1894
1,000
DrviDEND8.— On preferred, 1 p. o. paid Jan. 26, 1899; July 20, 1899,
1H; 1900,4; 1901 to Feb., 1904,5 yearly (F.&A.). Di v. on com., June,
1901, Us p. c; Deo. 2, 2 p. o.; 1902, 4 p. c; 1903, 4 p. c; 1904, June, 2%.
For acquisition of Atlantic
Payable
Cent.
they exceed $2,500,000, 7 per cent.
Dividends, ) 1881 to'89. 1890. 1891 to Mar., 1901,inol.
Since
Per oent— J 5 yearly.
5^
6 yearly (M. & 8.) 7 yrly. (M.&S.)
Jan. 1,'04, 2%
Jfcnl0,'04,2i«
Jan.10,'04, 2i«
Nov.l0.'03.2*a
July
Oct.
1,
1,
1952
1952
Wllm., N. C. Irredeemable.
do
Jan., 1904, 2%
4s.
M., g., Flor. to Charlest'n.c
Wllm. Col. & Aug., 1st M., (Wilm. to Columbia).
At.C.L.of S.C., gen. 1st M., $8,000,000, g.SBa.c*
Petersburg M., class A, gold
class B, g., (Petersb. to Weldon)
Do
Richm d & Petersb., 1st inort. ($24,500 are 7s)
o*
Con. M.,g. (Rich, to Pet., etc.). Ce
Wllm. & Wei. gen. M. ($938,000 are 4s) SBa.g.*o
Yad.Dlv.,l8tM..g.(San.toWil.,N.C.&c.).SBa.c*
Wil. & New Bern, 1st M., gold, assumed. SBa
Alb.& Ral-.lst M., g.,as8'd(R.Mt.to Plym.)SBa
Nor. &Car.,lBtM..g.(P.Pt.,Va.toTar.,N.C.).Ce.o"
C
2d 'mortgage, gold SBa
... o**r
West. IstM., gold.ITIp.
Sav. Flor.
Charleston & Savannah, gen. mort gold.SBa.o*
Bruns.&W. IstM. Bruns. to Albany, g.,gu.iTlp.c.
No. East
[Vol. lxxviii.
& Co.
& Tr. Co.
N. Y., Cuyler M.
Jan.
1,
1933
July
Richm'd and Petersb'g. July
do
do
Oct.
Jan.
Apr.
Jan.
Apr.
Jan.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1948
1926
1926
1915
1940
1935
1949
1947
1944
1939
1946
1934
1936
1938
Nov.
1,
1928
New York & Baltimore. June 10,1910
Bait..
Safe D.
Richmond,
Office.
N. Y., Brown Bros.
N.Y.,Balt. and Wilming.
Bait., S. Dep. & Tr. Co.
do
do
do
do
N. Y., Central Trust Co.
Bait. Safe Dep. &Tr.Co.
New York and Sayan.
do
do
N. Y., U. S. Trust Co.
N. Y., Metropol. Tr. Co.
N. Y., U. S. Trust Co.
do
do
May
Apr.
July
June
Aug.
Jan. 1, 1945
Jan. 1, 1924
1915-1943
Latest Earnings.— 7) 1903-4... Gross, $2,068,953; net, $756,593
mos.,Julylto Jan. 31. s 1902-3. ..Gross, 1,859,080; net, 654,633
Earnings.— For year ending March
31, 1903, gross.
agst. $2,898,978 in 1901-2. Pres., C. 8. Fairohild, N.
Y.— (V.
$3,047,261
73, p. 553)
Atlanta Knoxvllle A Northern By. — (See L.dtN.Map).— KnoxTenn., to Marietta, Ga., 205 miles and Murphy to Blue Ridge,
ville,
;
23 miles; trackage, Marietta, Ga., to Atlanta, Ga., 20 miles.
History.— A reorganization per plan in V. 62, p. 1040, of the Marietta
& North Georgia, foreclosed. Stock, common, $3,000,000; preferred, 5
per cent, $1,500,000, ie sued In 1901 in exchange for second mortgage
incomes. In Apr., 1902, the Louisville
Nashville acquired a majority of the stock. V. 74, p. 775. Of the consol. 4s, dated Mar. 1, 1902,
$1,000,000 are reserved to retire the flrsi 5s, now limited to that
amount, the balance being issuable for general purposes.
&
Earnings.— 5 months,
< 1903
Gross, $316,178; net, $65,296
July 1 to Nov. 30.
Gross, 294,588; net, 63,539
(1902
Report for year ending June 30, 1901, V. 73, p. 1109. In 1902-03,
fross, $706,512; net, $131,144; int., $70,000; taxes and miscellaneous,
55,980; surplus, $5,164. President, Milton H. Smith.— (V. 75, p. 28.)
Atlanta Terminal Co.—To own union passenger station, with
approaches, to be used by Southern Ry., Central of Georgia Ry. and
Atlanta & West Point RR.. expected to be completed about Deo. 1,
1904. Stock, $75,000, owned in equal proportions by the three companies named, which pay all charges and expenses on car basis. Of the
$1,500,000 bonds (see above). $300,000 is reserved for future requirements. V. 76, p. 593, 1394; V. 77, p. 699. Pres., J. W. English.
(V. 76, p. 593, 1394).
BR.—
Atlanta Sc West Point
Atlanta, Ga., to West Pt., Ga., 86 m.
Ga. RR., June 30, 1903, owned $547,200 stook and $388,900 deb. cert.
A belt line around Atlanta, 5^ miles. Is operated at rental of $16,000
yearly, 4 p. 0. on Its cost. V. 71. p. 963; V. 73, p. 1354.
Dividends begun in 1855 were for many years 8 per cent per annum.
From July 1, 1884, to July, 1901, Inclusive, 6 per oent yearly, J&J;
Oct. 1. 1899, 25 p. 0. extra (V. 69, p. 590); 1902, (?); 1903, 6 p. 0.
In 1902-3, gross, $808,372; net, $321,897; other income, $7,342;
charges. $252,078; dividends, $73,932; surplus, $3,229. In 1&01-2,
gross, $763,712; net, $297,303.— (V. 69, p. 590; V. 71, p. 963.)
Atlantic
Birmingham By.— Waycross, Ga., via Fitzgerald
ana Cordele to Montezuma, 140 miles; Fitzgerald via Tifton and
Moultrie to Thomasville, 80 miles; total, 220. A consolidation on Deo
3, 1903, with the Tifton Th' masville & Gulf and Tifton & Northeastern
railroads. V. 77, p. 87. 2279. In March, 1901, purchase of the Brunswick & Birmingham RR., completed from Brunswick, Ga., to lrwinvllle, 162 miles, including 28 miles of traokaere, was contracted for;
V. 78. p 1391. Extension northwesterly from Cordele, Ga., toward
Birmingham, Ala., about 124 miles, aDd from a point in Meriwether
Coun+y, at or near Warm Springs, about 75 miles, were proposed; V. 73,
A
p.
899.
& Bonds.—Stook authorized, $15,000 common and $6,000
preferred stock ver mile. The 1st 5s of 1904 are issuable at $12,000
per mile owned, constructed or acquired. Of the $2,640,000 issuable
on the 220 miles owned, $440,0uo were in Deo., 1903, held in the
treasury for new equipment recently ordered. See V. 77, p 2279
Earnings— For 3 mos. ending Feb. 29. 1904, gross, $171,561; net.
$38,717; charges, $25,875; bal.. sur., $1 2.812
Statement for year ending June 3c, 1903, in V. 77, p. 1289, showed
on 140 miles, gross, $270,112; net, $115,975; int. ana taxes, $42,b32
bal., sur., $73,343. Prest., W. G. Raoul, 30 PineSt., New York; Auditor
W. J. Swain. Waycross. Ga. Directors, Dec, 1903, V. 77. d. 2279
(V. 77, p. 1289, 2158, 2279; V. 78, p. 819, 1274, 1391.)
Stock
—
BR.—
Atlantic City
Camden to Atlantio City,57m. (double track)
branches, 54 m.; Winslow Junction, to Cape May, N. J., Sea Isle City,
Ocean City; total, 168 miles A consolidation in June, 1901. per
plan in Chronicle, V. 72, p. 1278.
Stock, common, $2,625,000;
preferred. $1,000,000 (par, $50). The Reading Co. owns the greater
part of the stook. and guarantees the consol. 4s, principal and
Interest. Form of guaraniy, V. 75, p. 1398.
Of the latter, $2,650,000
are reserved to retire prior lien bonds and $786,000 for improvements.
See V. 73, p. 81. There are also outstanding $23,500 Seacoast RR. ser.
$ 2 834 ,8er- B 5 8- For year 1902-3. gross, $1,415,689; net,
£^ 8.
$244,396; fixed charges, $206,646; bal., sur., $37,750.-(V.75, p. 1398.)
"^
-
Atlantic Coast Line Co.— (See Map.)— Organized May 29,
1889. under the laws of Connecticut, and owns a majority of capital
stock and a large amount of the bonds in a system of railroad companies described under the title of the Atlantio Coast Line RR. below.
Stock.—As to certificates of Indebtedness, see editorial. Oot.. 1897.
Sup., page 3.-V. 65, p. 564; V. 71, p. 1310. In 1898 $5,000,000 stook
was distributed as a 100-per-oent dividend. V. 67, p 954 In May
1903, stockholders subscribed to $500,000 new stock at $250 per $100
share, raising the amount outstanding to $10,500,000. V. 76. p. 1029.
In 1900 company distributed $10,000,000 4% certificates of indebtedness (including $2,500,000 of Atlantio Coast Line i?A'. Co.) as a 100 p 0.
dividend to represent the profits from the consolidation by which the
Atlantio Coast Line RR. was formed.
V.71, p. 697; V. 73. p. 493. As to securities pledged to seoure equally
the certificates of indebtedness of 1897 and 1900, see V. 71 p 1310
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
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;
RAILWAY STOCKS AND BONDS.
1588
RAILROADS.
Date
Size, or
of
Par
75
1888
275
275
1900
1904
$1,000
100
1.000
1,000
100
1,000
Miles
For explanation of column headings,
on first page of tables.
&o., Bee notes
Atlantic Coast Lin* RB.— (Concluded.)—
811. 8p. O.A O., 1st M.,g. (Ooala to Inv. & br.)Cl.o*
of
Outstanding
Road. Bonds Value.
Wll.AW«l.ctfs.oflndfordlv.l887,non-eum.,lno
Atl.4 Danv.— 1st M.,$4,425,000,g.,lntrental.Itte.o'
2d M., $1,525,000, g., Int. rental. .Ta
Atlantic 4. No. Carolina—Stock, $1,800,000
1st mortgage, $325,000.. KleBi
Atlantic A 81. Lawrence—Stook, 6* rental Grand TVk
Augusta <* Savannah Stook 5* rental Central Ga.
Ce.xo
Augusta So. lstoonsol. M., gold
Avon Genesee <t Mt. Morris RR.—Stook (see text)
Bald Eagle Valley—Stook, $2,600,000
1st M. orlg. $400,000 (s. f., drawn at 100). .FPxr
Baltimore <£ A nnap. S. L. -Stock, common
Baltimore Chesapeake <t Atlan.—lBt mort., goldAo*
Bait. <t Oumb. Vol. Ry.— 1st mort., Interest rental.
BsUt. <t Cumb. Yal. RM.— 1st mort.. Interest rental
B. * 0. y RR. Exten.StM, gu. ($270,000 carries 7 p. o.
1st mortgage, Interest rental. Ba
—
—
.
.
1887
166
53
85
£A$100
$100
1894
93
"88
3
5
'27
Coll. trust notes, gold. Usui
1880
1894
1879
1879
1881
1886
1888
1898
1898
1899
1898
1901
1901
1904
A
A
J. A
it J. A
J. A
M. A
J. A
5g J. A
3ifl
J. A
10
F. A
our. J. A
6
In '03 J. A
7
5 g. M. A
$1,067,000
13,500
3,925,000
See text.
1,797,200 2 In 1899
325,000
6
5,484,000
6
1,022,900
5
1,535,000
1,000
312,000
358,000
1,000
1,250,000
500
48,500
6
100 &o.
72,800
6
50
390.000
5 A7
1,000
230,000
6
1,000
690,000
1,000
240,000
5 fc.
100 124,262,060 4 In 1903
100 59,374,289 4 In 1903
500 Ao 71,798.000
3iflg.
500 Ac. 69,963,000
4 g.
500 Ao 43,600,000
3>flg.
3i«g.
500 Ao a 6,175,480
1,000 20,000,000
1,000
592,000
4 g1000, Ao 10,000,000
4H>g.
100
Bonds Underlying
377
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Cent Payable
Whom.
Dividend.
n400,000
225,000
1,000
100
50
32
Baltimore rf Sarrisburg RR.—$1., gold. IWe Ba.o'
15
1st M.West. Ext. ($16,000 p. m.),g.,gu.Me Ba.o*
BalUwt*r* <* •Mo—Oommon stook, $125,000,000
Pref. stoek, 4 p. o., non-oom, auth. $60,000,000
Prior llaa mort., gold, not subl. to call.Ittc..o*£r 1,076
1st mort., gold, red., at 105 after 1923.Cs..o*<fcr 1 657
Bouthwest'n D1t. 1st M., $45,000,000, g.F..o*&r 930
384
Pitts. Jo. A Mld.Dlr. ($20,000,000) 1st M.g.Ce.o'&r
P. L. K. A W.V.Bys. ret ,g.,red.l00 aft'25 Un.o*Ar 1,642
Oonv. deben., $15,000,000, gold, red., see text...
1st mort. 3 1* per cent.
Loan, 1853, extended In 1885, gold
Pitt.ACon.,lstM.,extin 1896 In gold
Amount
1853 500 Ao,
1868
1,000
AO.
A.
J.
J.
J.
J.
July 1, 1918
J. N. Y., U. 8. Trust Co.
Wilmington. N. C.
Irredeemable.
O.
J N. Y., Mercantile Tr. Co. July 1, 1948
New York.
J.
Cheok from
J.
8.
J.
Balt.Nl.F'rm'rs'AP.Bk July
Q.—J.
1,
2%
1917
Jan. 5, '04, 2%
Deo. 1, 1924
RR. Jan. 1,'04, 1\
Feb. 1, »04, 5%
Phlla. F. Ins.Tr. AS.Dep. Jan. 1, 1910
Cheeks mailed.
Jan. 2, '04. 3i*
Savannah, Ga.
A Co.
Phlla., Broad St. Ptat'n
Mec. Bk.
Bait., Farm.
A
A
M.A N.
M. A N.
M. & S.
M. A 8.
do
do
do
do
do
do
do
do
do
do
do
do
N.
A
Sept. 1,
July
July
1,
1,
Jan. 1,
July
Nov.
May
1,
1,
1,
1934
1929
1929
1904
1931
1936
1938
Co.'BOffloe,2Wall8tN.Y Mar. 1,1904. 2
,
A
A
&
do
do
do
do
do
O.
8.
Mar. 1, '04, 2%
July 1, 1925
July 1, 1948
July 1, 1925
Nov. 1, 1925
Nov. 1, 1941
Moh. 1, 1911
do
do
do
do
do
do
do
New York.
N.
May
1906
Oct.
A Tr
1,
1,
July
do
do
do
do
J.
W. .RR..eto
J.-J.; reg.,
1948
,
A
A
A
A
1,
London and Portland. Mar., 1904,3%
D. N. Y.. J.P.Morgan
New York, Erie
J.
M.
M.
M.
-
July
Co.'s ofHoe. Sep. 15/99,
o
7.000 Var., g. Various N. Y.. Farmers' L.
* Coup., M.-N.; reg^. 0.-F.
Coup., A.-O.; reg., Q.-J.
In addition $7,635,050 are pledged as part collateral for the Pittsb. L. E. AW. Va. System 4s.
8.
f Coup..
a
J.
g A.
i g. J.
4
118,000
24,500
Bonds Underlying Southwestern Drv. 3^8.
B.
[Vol. lxxviii.
1,
1938
1946
Various.
J
I
Cash Dividends, < 1896. *97. '98. '99. '00. '01. '02. '03. '1904.
Mar., 2
8
3
3^ 4 4»* 5 4*a 6^
Per cent—
I
Full Interest has been paid on the certificates of indebtedness to
1903. Chairman of Board, Henry Walters; President. Warren G.
Elliott.— (V. 74, p. 774; V. 75, p. 486, 732. 1146; V. 76, p. 1029.)
Atlantic Coast Line RR.— (fire .Map.)— Operates from RichCharleston, Savannah and Jacksonville to Port Tampa, Fla..
with numerous branches, to Norfolk, Va., Wilmington and New Bern,
N. C, Brunswick and Albany, Ga., Montgomery, Ala., etc.
Miles.
Lines owned— (Con.)
Lines owned.
Branches, eto
1,444
Richmond, Va., to Port Tampa,
898
Fla
T See these companies.
Leased—
Miles.
Norfolk, Va., to South Rooky
115 Central RR. of S. CarolinaMount
105
Lane to Sumter, 8. O
40
Contentneato Wilmington
138 Other lines
40
Florence, S. C, to Robblns
43
Trackage—
Sumter to Columbia
mond via
Wilmington. N.C.to Sanford.116
Jesup, Ga.,to Montgomery, Ala353
169
Brunswick, Ga., to Albany
Dnpont Jot. to Inverness, Fla. 247
. .
Sanford to St. Petersburg, Fla.153
Palatka, Fla., to Brooksville 145
Bartow to Fort Meyers, Fla. ..101
Robblns to Augusta, Ga., eto.
59
$930,000.
Report for the year ending June 30. 1903. was given at length
in V. 77, p. 2032, 2047 (sea also editorial, p. 2007), snowing on 4,138
miles operated as follows:
statement for tear RNDnro juice
Interest and
Gross earnings
$19,682,455
(mo. of 11-58 p. o. over '01-02)
Net earns, (overtaxes) 7,070,119
(Inc. of 18-13 p. o. over '01-02)
Other income
*1, 152,952
\ Louisville
St
.
,
A
I
|
|
|
30, 1903.
rentals.. fl$5,207,982
MisceL deductions
22,061
Dir. on pref.6tock (6°
94,075
Dlv. on oom. stock (5%) 1,620,000
)
Total income
Balance, surplus. ..$1,278,953
$8,223,0711
-Includes 6 mos. dividend, or $765,000, on L
N. stock owned.
Includes 9 mos. Interest, or $1,050,0 0, on L. A N. col. trust bonds.
Officers.—Chairman of Board. Henry Walters; President, R. G.
A
rately
:
*:
to the $35,000,000 ooUateral trust 4s of 1902 see "Organization"
above. They are subject to oaU at 105 in amounts not less than $100,000. Car trusts $120,000, due $10,000 quar., Mar., 1904, to Dec, 1906.
Latest Earns.— 8 mos. > 1903-4. Gross, $13,218,232; net, $4,912,001
July 1 to Feb. 29.
12,520,137; net, 4,182,171
\ 1902-3. Gross,
For 6 mos. end n« Deo. 31, 1903, net, $2,S08,850, against $2,453,09-s in 1902; other income, $9v.5,698; charges, $2,356,314; bal. for
div., $1,448,230. Dividends on both stocks, at 5 p. c, call for about
Total In earnings
4,166
Controlled, operated sepa-
Nashville
6,133
340
tf Charleston A West. Caro
61
U Northwesfn RR.of S. Car.
Also owns one-sixth interest in the Richmond- Washington Co. and
one-half Interest in Atlanta (Ga.) Belt Line Co., 5*t miles. Leases,
Jointly with the Louisville A Nashville RR.. the Georgia RR., which
operates and controls 626 miles. The acquisition in 1902 of a majority
Interest In the Louisville A Nashville brought 4,916 miles of addilonal road under the control of the Atlantic Coast Line.
Organization— .Originally the Atlantic Coast Line of Va. (change of
name being authorized in Jan., 1900); in April, 1900, absorbed by
consolidation (per plan V. 70, p. 840, 893) the following allied properties Wilmington A Weldon RR., South Eastern RR., Atlantic Coast
Line railroads of South Carolina and Virginia Norfolk A Carolina RR.
The Florida Southern and Sanford A Bt. Petersburg were merged in Apr.,
1903, the $4,241,000 Fla. So. 4s and $775,000 Sanford A St. Petersburg 4s being offered the privilege of exchange for 90 p. o. in Atlantic
Coast Line consul. 4s. V. 6, p. 91 8, 971 The Atlantic Coast Line Co.
(of Conn.) owns a majority of the stook. See that company above.
V. 70, p. 893; V. 71, p. 1116, 1310.
Savannah Flor. A Western Ry. ("Plant System"), which owned and
controlled 2,234 miles, was merged July 1, 1902. V. 74, p. 774, 829.
In Oct., 1902, acquired »30,600,000 of the $60,000,000 Louisville A
Nat-hvllle RR. stock for $10,000,000 cash, $35,000,000 in 4 percent 50
year ooUat trust bonds and $5,000,000 stock. V. 75, p. 733, 792, 905Btock.— Atlantic Coast Line RR. of Va., class A, tax-exempt stookwas assumed as so muoh of the common stook of the new company.
Under the consolidation with the 8. F. A W. in 1902 the common stock
was Increased from $15,890,200 to $23,150,000. (See above.)
In Nov., 1902, the authorized common stock was increased by $15,000,000; of the new stock $5,000,000 was given in part payment of
controlling Interest In the Louisville A Nashville stook, $8,500,000
additional being subscribed for as part of the same transaction at
$125 per share. This raises the amount outstanding to $36,650,000.
V. 75, p. 1252.
The preferred stock ($18,850,000) was in 1902 mostly exchanged for
125 per cent in 4 per oent certificates of Indebtedness. V. 75, p. 1252.
Dividends— Dividends on pref. paid Nov., 1900, to Nov., 1903, both
inclusive, 5 per oent yearly (M AN.). On oommon, Including class
"A" stook, 1 per oent paid Jan. 10, 1901; July, 1^ p. c; In 1902 Jan
l»fl p. 0.J July, 2 p. c; In 1903,5 p. o. (J. A J.); In 1904, Jan., 2ifl p.o.
On certs, of Indebtedness in full to Nov.. 1903, inol.
Bonds.— First consoL4s of 1902 ($80,000,000 authorized, limited to
$20,000 per mile) are a first Hen on about 714 miles of road and a
blanket Hen on the remaining 3,136 miles owned, subject to the underlying bonds. The first consols are issued or reserved as follows:
Issued forthwith
$31,034,000
Reserved to take up underlying liens
35,102,000
Reserved for acquisitions, extensions, Improvements and
equipment
13,864,000
Of the present issue ($36,844,975), $12,451,000 were used to retire
Sav. Flor. A West oonsol. 4s to the same amount, $7,945,000 were
applicable to the retirement of $3,000,000 AtL Coast Line certfs of
Indebtedness and $2,880,000 Wilmington A Weldon 6 and 7 per oent
Indebtedness (over 99 per oent of the
1 rredeemable certificates of
holders of which had In Deo., 1903, consented to exchange for the
new bonds) and $10,638,000 to the purchase of the $12,800 000
8. F. A W. pref. stock and $5,000,000 Bruns. A West and Char'l.
Sav. Income bonds (over 98 p. o. of latter acquired); $2,830,700 were
used to acquire the Florida Po. and Sanford A St. Petersburg roads
aggregating 397 miles. $1,500,000 for equipment, and $1,500,000 to
retire the St. John's River first mortgage bonds.
V. 75. d. 76: V. 77
p. 1872; V. 78, p. 819.
.
As
IT
Erwin; 1st Viee-Pres., Alexander Hamilton; 2d Vice-Pres., C. S. Gadsden; 3d Vice Pres.. T. M. Emeraon; 4th Vloe-Pres. and Gen. Man., J. R,
Kenly; Sec. Herbert L. Borden; Treas., James F. Post.(V. 78, p. 819.)
Atlantic A Danville Ry.— (5a« Map Southern Ay.;— West Norfolk, to DanviUe, Va., 203 miles, three branches, 28 miles; James River
Junotion to Claremont (3 foet gang*) 50 miles; total, 275 mUes. Leased
to Southern Ry. from Bept 1, 1809, to July 1, 1949, for taxes, repairs,
maintenance and cash rental sufflcleat to cover lnterast charge*, with
privUege of renewals for terms of 99 years. In addition the Southern
Ry. agrees to pay the same rata of dividends on the common stock as
may at any time be paid on it* own oommon stook. V. 71, p. 447.
Stock.—Common, $2,180,800; pref., 30,992 shares, par originally
$100, but reduced 60 per oent by payment from proceeds of sale of
bonds, vis 40 per oent in 1900 and 20 p. o In Nov., 1901; further payments to be made latter part of 1904 and 1909, when it wlH be entirely
canceled. See V. 71, p. 181, 862; V. 73. p. 722, 956.
Bond*.—Of the $4,425,000 fours of 1900 $500,000 can be issoed only
for improvements upon request of 8outhern Ry. Of the $1,525 000
second 4s, $775,000 can be Issued July 1, 1904 and $750,000 not until
July 1, 1909. V. 77, p. 195.- (V. 74, p. 774; V. 77, p. 195.)
Atlantic
Gulf Snort Line.—See V. 73, p. 615; V. 76, p. 1354.
Atlantic
Lake Superior Ry.— In July, 1903, operated Metapedla, Quebeo, to Paspeblao, 100 nnles; owned St. Gregolre to Nlcolet,
7m.; St Franolsto Yamaeka, « in.; Yamaskato SoreL 10 m.; Laohute
to St Andrews, 7 m.; total, 130 miles. Was under construction Paspeblao Juno, to Port Daniel, 21 m.; PlerrevHle to Nloolet, 15 m.; St.
Gregoire to Chaudlere June, 67 m.
During year 1902-3 road was operated by trustee for bondholders.
Stock authorized. $10,000,000; par, $100 issued, $2,602,500. Bonds
outstanding, JE50O.OOO, 4s.
For year ending June 30, 1903, gross.
$49,631; def. under oper., $8,418. President, Hon. J. R. Thihaudeau
Sec. Edgar N. Armstrong, Montreal.— (V. 68. p. 329; V. 70, p. 1148.)
Atlantic
North Carolina RR.—Morehead City to Goldsboro.
N. C, 95 m. State of N. C. owns $1,266,500 of $1,797,200 stook.
,
A
A
;
A
Dividends.— )
'92.
'93. '94. 1895. 1896. 1897. 1898. 1899. Since,
2
2
2
2
2
2
2
Earnings—For year ending Jane 30,1903, gross, $304,107; net,
$108,545; Int., taxes, etc, $32,716; Improvements, $49,833; bal.. surplus, $25,996.-(V. 77, p. 628, 1224. 1873; V. 78, p. 227, 9*8, 1167.)
Atlantic ValdoNta A Western Ry.—See Georgia 8o. A Flo. Ry.
AneiiHta
Savannah
MUlen to Augusta, Ga., 53 mUes.
In 1895, re-leased to Cen. of Georgia at 5 p. c on stock.— V. 61, p. 239.
Angnata Southern
Owns from Augusta to SandersvUle.
Gav 80 m. and SandersvUle A TenniUeRR., 4 miles. The Souther* Ry
in Jan., 1901, acquired about four-fifths of the stook, and so oontrols
although the lease was annulled April 25, 1901. V. 73, p. 343 Common stook, $400,000; pref ., $350,000; par, $100. Year ending Juns 30.
1903, gross, $145,481; net $15,488; total deductions, $24,3-12; dsf!
*OiOO «. --( V. v^i p. yo5.)
Austin Northwestern
See Houston ATexas Centr*! Ry
Avon Geneseo Ml. lUorrls
Mt Morris to Avon, N. Y,
18 nules. Leased to Erie RR. Feb. 26, 1896, In perpetuity at 2H P. o
on stook for 4 years from Jan. 1, 1896, 3 p. c for 1 year more and 3i«
p. c thereafter.— (See V. 63, p. 512; V. 62, p. 318, 589.)
Bald Kaele Valley
Owns from Vail Station, Pa., to Lookhaven, Pa., 51 miles; branches to Sugar Camp, etc, 42 miles.
Leased to Penn. RR. Co. for 99 years from Dec 7, 1864. Rental. 40
per oent of gross earnings. Rental 1903, $359,998; other inoome.
Per oent.
$
A
RR.—
RR.—
,
i
A
A
RR.—
RR.—
RR.—
Apr., 1904. J
RAILWAY STOCKS AND BONDS.
1589
RAILWAY STOCKS AND BONDS.
1590
RAILROADS.
Miles
Date
Amount
of
Par Outstanding
of
ror explanation of column headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Baltimore
—
Ohio
Oonclttd-ed)—
Pittsb. Juno. A Mid. D iv. 3^3
Oent.O.,$2,500.000.con.lst M.(lstl'n) g.ITIeBa.c 144
Sand. Mans. <fe Newark, $2,300,000, 1st M.Un.O* 116
7
Plttsb. Juno., 1st mort., $1,400,000, gold.IWe..c*
c*
7
2d mortgage, $300,000, gold.ITIe
....
Pitts. Jo. Ter. 1st M., $500,000, g., gu. p. A i.IWe
<£
Bonds— PrinciINTERE8T OR DIVIDENDS.
pal, When Due.
Rate
When Where Pavable, and by Stocks—Last
Dividend.
Per cent. Payable
Whom.
(
Bonds Undkrlyino
Bonds Underlying PiTTSB'g Lake Erie
& West
& Wheel. Cons. M. (now 1st) g. ir»m.o*
General mort., $1,000,000, gold, red. 105.N...0
192
192
102
88
30
72
172
209
33
Clev. Lor.
Oon.ref.M.,$10,000,Ot0.g.,red. atl02i2.Col.o*
Clev.Tenn.A Val.lstM.,g.,gu.,red.par.lHe-c*Ar
nlonong. River RR., 1st M., g., gu. B. AO.Ce...c*
Ohio A Little Kanawha Ry., 1st M., $250,000, g
Ohio River, 1st mort. ($2,000,000), gold FP..0*
Gen. M. ($3,000,000), gold, 1st on 39 miles o*
Rav.Sp. A Gl. 1st M.. $400,000, g., gu. p.&i.FPo*
Huntington & Big 8. 1st M. ($400,000), g., gu.o*
Rlplev&Mill Cr'k lstM..g.,gu.
11
13
77
30
215
p.«fel.,end.o*&r
Plttsb. Clev. &Tol.lst M., g.,calledl25 Feb.l..*03
I.. E., 1st mort., ext. In gold
Plttsb. Newcastle
Plttsb.
West., 1st (cons.) M. $10,000,000, g..o*
Ellwood 8hort Line, 1st M., gold, $300,000... «i
W. Va. & P. 1 st M. g, 5s, scaled; red.par. MeBa.o*
&
&
3
176
,
8.
1886 $1,000 $1,009,000
1.000
1869
638,000
*959,000
1882
1,000
1894
*250,000
1,000
*191,000
1887
VlRGI NIA 48.
1893
1,000
5,000,000
1896
1,000
890,000
1900
1,000
950,000
1895
1,000
5,491,000
1889
1,000
700,000
1900
1,000
228,000
1,000
1886
2,000,000
1887
1,000
2,941,000
1890
1,000
376,000
18^2
1,000
303,000
1888
1,000
50,000
1882
1,000
529,000
1878 100 Ac.
83,000
1,000
2 816,000
1887
1890
1,000
300,000
1,000
1890
4,000,000
A.
A
&
A
&
A
O.
A.
&
O.
4*9 g. M.
7
6
5
5
5
5
4*2
4
5
5
5
5
6
6
6
6
4
4
g.
g.
g.
J.
J.
J.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
J.
J.
J.
M.
F.
M.
J.
A.
F.
J.
F.
A.
g.
J.
g.
F.
4g.
A.
5
Leased Lines,
Etc., Securities.
Y. RR., 1st M., gold, guar.lTIeBa.c&r
Mon. Riv. Coal M., $1,500,000, g., s.f., red. at par
Sohuyl. R. E. S. RR. 1st M., g., guar. p. & i., end.
8. I. Rap. Tr., 1st M., $1 ,000,000, g., $ or &.V*.e*
o*
2d mortgage, gold, guar., $2,500,000.8
o*
8. 1. Ry., 1st mort., $1,000,000, gold.
B. & O. Equipment Obligations—
Real estate and car trusts June 30, 1903
Car trusts, gold, $1,000,000 due annually. S....C*
Bait.
A N.
12
11
11
13
Potomac— See Phila. Baltimore
oangor <t A roos.— 1st M.. ($16,000 p. m.) g.G
2d mortgage, gold. I'*m
x Largely owned by or for Baltimore & Ohio.
<£
1889
1895
1903
1883
1899
1893
1,000
1,000
1,000
1,000
1,000
1,000
1901
5ifl
Me
Baltimore
1,000
*
J.
Line
Plttsb. Cleveland & Toledo
Plttsb. Pulnosv. & Falrport
77
63
Kastern Ohio
17
Trumbull & Mahoning.
........
11
Mononsahela River RR
so
Clev. Terminal & Valley
88
Cleveland Lorain & Wheeling Ry.
SOUth H'. IH':UM%M.—
Belpre. O.. vlaCincin. o St. L., etc. 930
Wheeling to Cleveland, etc
1192
Pit's. June. »!*% Af .- (381 mlles^/ifes Ohio River RR. Lines.
Akron
....378
Branches to Fairmont, \V. Va.,etc... oo
tO
()
I
Bellalre to Midland City.
Snawneeto Sandusky, o
Pittsburg Junction Kit
O
>
S77
J
.
7
P.L.B.&W. Va.8%tA% W.(»l,642m.)
Went
&
Pittsburg
Kenwood to Wheeling, etc
West Virginia Short I, ino KR
& Little Kanawha Kit
Ohio
1205
68
72
Total of all (adding Baltimore
Kelt and other lines)...
4 397
Includes 384 m., also covered by Pitts. Jut, 1st .M. 1 See this company.'
In 1901 acquired majority of stock of Cleveland Lorain A Wheeling
.""'>
" .
.,
I\T TO T. AUri\ Ulna Plv... 1M1 li.,„.. ,TT rrr> _ o , .
.V "
Virginia
176
'
•
West, were acquired Nov., 1901
73, p. 1263, 1356.
History.— Receivers were appointed In February, 1896, but on Julv
1, 1899, the road proper was returned to the company, the reorganization plan (in V. (i(i, p. 1235,) having been consummated without
foreclosure and the road vastly Improved in physloal condition
The reorganization of the B. A O. Southwest, was effected and new
securities issued in Sept., 1899, per plan In V. 67, p. 688, the oonsol
mortgage of 1893 having been foreclosed, and the road virtuallv
merged.— V. 71, p. 1213. In January, 1900, new securities were issued
under the plan of reorganization of the Cent. Ohio and other leased
uutuwieasea
St
688,1109,1206,1356.
&c.-In 1901 $55,110,000 (virtual control) of the
$140,000,000 Reading Co. stook, consisting of $12,130,000 first prelines.
V. 67,
Reading
p.
Co.,
g. A.
g. J.
4*2 g. J.
A
A
R
III.,
1,216,631
7,000,000
6
4
J.
Cumberland Valley Extension RR.—Waynes-
Baltimore to Philadelphia andbrs.137
2,500,000
511,000
4
J.
do
do
do
do
do
do
do
do
do
do
do
do
July
July
Oot.
New York
do
New York, 2
1,
1,
1,
1,
1,
1,
1939
1945
1925
1913
1904
1943
Moh.
Aug.
July
Aug.
Oct.
&
Citv.
June
July
Jan.
Apr.
Jan.
do
July
City.
June
Wall
St.
N. Y., Guar. Trust Co.
,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
Feb.
N. Y., foot Whitehall St.
New York
To Deo. 31/10
Jan.
do
do
July
balance being owned by B.
ferred. $27,980,000 second preferred
1,
1,
1,
1,
1,
1,
Apr.
Nov.
May
do
Bond'g A Tr. Deo.
June
do
1922
1922
1907
June
Jan.
Co.*sOfflce,2 WallSt.N.Y
Bait., Am.
1,
1,
1,
1933
1936
1930
1995
1919
1950
1986
1937
1920
1922
1908
1922
1917
1917
1920
1990
Oct.
June
Allegheny, Pa.lstN.Bk.
N. Y., J.P. Morgan
Co.
J
column
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
IS
3,360,000
5 g.
1 000
5 g.
211 1895
152.000
"Tot al issu ed" sho wn in nrst 1 eft hand
boro to 8hippen8burg. Pa., 26-52 miles. Leased to Western Maryland
RR. for 50 yearsfrom July 1, 1881, with privilege of renewal for interest on bonds and divid. on stock, amounting in all to $42,730. See
table above and V. 75, p. 665. Year ending Sept. 30, 1900, gross
earnings, $301,096, against $269,695 in 1898-9; net (over taxes),
$168,007, against $134,548.— (V. 75, p. 665.)
Baltimore 8c Harrlsbure: RR.—Emory Grove, Md., to Orrtanna, Pa., 59 miles, with branches, 7 miles, total, 66 miles. Leases
Bait. A Harrisburg Ry., Western extension, Orrtanna to Highfleld, 15
miles, guaranteeing interest on its bonds. Leased to Western Maryland
RR. for 50 years from Oot. 25, 1886; rental, interest on bonds. Stock
oommon. $690,000; pref., $29,100.-(V. 44, p. 812.)
Baltimore 8c Ohio H..—(SeeMap).— Road.—Operates from Baltimore to Philadelphia and Baltimore to Chioago, Cincinnati and St.
Louis, the total mileage leased, owned and operated being in July
1903, 3,935 miles. The " Royal Blue Line" (see Central RR. of N. J.)
gives the road access to New York.
The system embraces, subjeot to the mortgages, the following lines:
Prior lifn 3«* M.— (1,070 miles) Mtles. Pittsburg & Western
V219
Chicago,
4g.
M.
J.
J.
do
do
do
J.
$6
Bait, to Wheeling. Helpro, <)., etc.721
Cumberland lo Plttsb. & W., etc. 366
Itt M. 4*.— (6Hi miles)
5,000,000
xl, 000,000
g.
g.
A D.
A J.
A N.
& A.
A 8.
& D.
A O.
A A.
A J.
& A.
A O.
& D.
A J.
& A
& O.
A
A D.
& D,
A O.
A J.
A D.
A
RB.— Owns road from
In 1897 acquired control of
Annapolis Washington A Baltimore RR. Co., owning 3,575 outof 3,580
shares of its stock, all pledged under the mortgage, whioh was sold
In Dec, 1902, to the Washington Baltimore & Annap. Electric Ry.
for $367,400. The $334,000 bonds were called and paid June 1,
1903. V. 75, p. 1301. Common stock issued, 8358,000; there Is also
$500,000 of preferred stock authorized, but none issued,
Dividends- > 1898. 1899. 1900. 1901. 1902. 1903. 1904.
5
6
Percent.
6
7 Jan., 3*9
7*s
Year 1902-03, gross, $125,765; net, $46,113; other ino., $21,480; Int.
on bonds $13,071; taxes, $4,510; dlv., 7 p. o., $25,060; surplus, $24,952.— (V.76,p 809.)
Baltimore Chesapeake 8c Atlantic Ry.—Owns Claiborne to
Ooean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Claiborne to Baltimore, 42 miles, transfer Is made by water; steamer lines
owned, 1,426 miles; total mileage owned and operated, 1,514 milesControlled by Penn. RR. and allied lines. V. 69, p. 541, 590; V. 59,
p. 371. Pref. stock, $1,500,000 5 p. o. cum.; common, $1,000,000.
In 1902-3, gross, $857,372; net, $206,540; other ino., $7,109;
Interest, $62,500; extraordinary expenditures,
$2,176;
taxes,
$111,922; balance, sur., $37,051.— (V. 71, p. 11 64.)
Baltimore 8c Cumberland (RR. and Ry.)—The Railroad extends from State Line, Md., to Waynesboro, Pa., 4*55 miles; stock
$76,700 in $50 shares. The Railway extends from Edgemont, Md., to
State Line, Pa., 3 miles; stock, $42,500 in $100 shares. Both are leased
to Western Maryland RR. for 50 years from July 1, 1879, with privlege of renewal or purchase; rental, Interest on bonds.
8c
5
6
Co.'sOffloe,2WallSt.N.Y Sept. 1, 1930
do
do
Jan. 1, 1909
J.
J.
J.
$19,677; Int.. taxes, etc., $52,504; dividends (10 p. c), $140,625; bal.,
$186,546. Rental In 1902. $328,091. Pennsylvania RR. Jan. 1,
1904, owned $706,250 stock.— (V. 66, p. 708.)
Baltimore 8c Annapolis Short
Cliffords to Annapolis, Md., 22 miles.
X350.000
903.000
8.
.1.
g.
& Wash INGTO N.
C 211 1893 1,000
sot.,
Baltimore
[Vol. lxxviii.
1,
1,
1943
1945
A O.
and $15,000,000 common was
acquired, the Lake Shore A Michigan Southern Ry. Co. (Vanderbilt
system) taking one-half. V. 76, p. 101. In 1903 a one-sixth interest
in $6,924,200 of the $11,000,000 Hooking Valley Ry. common stook
was acquired. V. 77, p. 1225.
Pennsylvania RR. Interest.— The Pennsylvania RR. Co. purchased
a large interest in 1900-01 and on Jan. 1, 1904, owned directly $21,480,000 preferred and $30,293,300 common stock; also through the
Northern Central $1,000,000 preferred and $78 \500 common stook,
and through the Pennsylvania Co. at least $15,200,000 preferred and
$15,000,000 oommon stock. V. 70, p. 76; V. 74, p. 528; V. 78, p. 1276.
8tock.— Authorized issues: Common, $125,000,000, see " General
Finances" below.; pref. 4 p. o. non-oumula rtve, $60,000,000; outstanding, see table above and " General Finanoes." Pref. stock dividends
are limited to 4 p. o.
(See V. 71, p. 1166, »nd edit., p. 1143; V. 72, p.
1186.) Voting trustdissolved in Aug.. 1901.
Dividends (p. o.)
1900. 1901. 1902.
1903.
1904.
)
Common
>
2
4
4
4
Mar., 2
Preferred.
4
4
4
4
Mar., 2
)
Bonds.— (1) Prior Hen 3^%, a first lien on main line and branches,
Parkersburg branch and Pittsburg division, about 1,076 miles of
first track, and 1,325 miles of second, third and fourth tracks and sidings, and also all the equipment now owned of the value of upwards of
$20,000,000, or hereafter acquired. Total authorized, $75,000,000, of
which $5,000,000 to be issued only after Jan. 1, 1902 (at not exceeding
9 1,000,000 a year) for the enlargment, betterment or extension of the
properties covered. See application to list, V. 69, p. 30.
(2) First Mortgage 4 per cent Gold Bonds, Due July 1 104&, but subjeot
Co call, in whole or in part, after July 1, 1923, at 105; a first lien on
Bhe Philadelphia, Chioago and Akron divisions and branches and the
Fairmont Morgantown A Pittsburg RR., oovering about 581 miles of
Irst track and about 573 miles of second, third and fourth traoks and
sidings: also on the B. A O. Terminal property and the Baltimore Belt
RR. They are also a lien subjeot to prior lien mortgage upon main
line, etc.
See application to list, V. 69, p. 30.
Total authorized issue in no case to exceed
..$165,000,000
Of whioh to retire prior lien bonds in 1925
jj, 000,000
For the enlargement, betterment or extension of the
properties covered by mortgages (1) and (2), or for
extensions, additions or equipment, at not exceeding
$1,500,000 a year for the first four years and at not
exceeding $1,000,000 a year thereafter, originally
37,000,010
8) Southwestern Divisio7i 1st Mortgage 3^ per cents.
Virtually a first lien upon the properties constituting the B. A O. Southwestern RR. system, or the
securities representing the same, covering about 930
miles of first traok and about 401 miles of second
track and sidings. Total Issue
$45,000,000
Of whioh issuable only at the rate of not exoeedlng
$1,000,000 per year for the enlargement, betterment
or extension of properties 00 vered, originally
5,000,000
Ex(4) B. <& O. Pitts. Jim. dt Mid. Div. 3** per cents.
oeoted to be ultimately a first lien upon the railroads of the
Cen. O. system and Pitts. Juno. RR. Co., 385 miles In allTotal authorized Issue in no case to exceed
$20,000,000
Of which to be issued only at the rate of not exoeedlng
$1,000,000 per year for the first two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the mortgage
5,000,00a
Of which In partial exohange tor old bonds
rojbo,ooo
Sold to a syndicate for oash requirements
4,000,000
Balance for contingencies
431,000
Of these bonds $6,175,480 are in hands of the public and $7,635,050
are pledged as part oollateral for Pitts. Lake Erie & West Va. System 4s.
Note.— The underlying bonds still outstanding In July, 1903, are in
table at top of page. The underlying stocks still In the hands of the
public aggregated $5,027 par value.
(5) PiUsourg Lake Erie ct West Virginia System mortgage refunding
4 per oent gold bonds (authorized amouut $75,000,000) are a lien on
1,642 miles, consisting of the Ohio River, Cleve. Lorain & Wheeling,
Pittsburg & Western, etc., forming a direct connection with Pittsburg,
Cleveland, Falrport, Lorain and Sandusky, subjeot to underlying
bonds outstanding thereon (see table above). In July, 1903, $2 7,784,050 additional underlying bonds, including $7,635,050 Pittsburg Junction & Middle Divislou 3 ^s, were hold in trust as part seourity. Of
the total issue of bonds $20,000,000 were sold In Feb., 1902, $40,000,000 were held to retire underlying bonds outstanding (of which $12,425,000 are subject to oall) and the remaining $15,000,000 are Issuable
for additions and improvements. See full statement, V. 74, p. 266.
(6) The 4 per oent debentures of 1901 are convertible at the option
of the holder Into common stook at par on 30 days' notloe (see V. 73,
p. 1159); they may be called for payment at par and Interest on
any interest day, beginning Mar. 1, 1902, either wholly or partly In
the inverse order of their numbers. V 72, p. 282; V. 73, p. 337, 1158;
V. 75, p. 549.
5,,
:
Apr.. 1904.
RAILWAY STOCKS AND BONDS1
j
RAILROADS.
Miles
Date
INTEREST OR DIVIDENDS.
Outstanding Rate per When Where payable, and
oent.
Payable
Whom.
Size, or
Amount
of
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Ban. AAr.tOon.)— 1st M. Ptso.D..$l,500,000,g.0.o*
Co.*
Van Buren Exten. lstM., $5C0,000, g
O.o*
Aroostook No. 1st M., $225,000, gold
ConsoL refund'g mort., $20,000,000, gold.OB.o*
Aroostook County bonds (assumed)
Car trusts, ¥60,000 dne A. A O. yearly.G
Bangor A Portland— 1st mortgage, gold
Bath Extension mortgage, gold
Bath A Sammondsport—lBt mortgage, gold
Second mortgage, gold.Ce.
Beaver A Eilwood— 1st mortgage, gold
Beech. Creek— Stock (guaranteed 4 per oent by end.)
.
o&r
1st M., g.guar. p. A 1. (end.) K.
2d M. for $1,000,000, g,gu. p. A L (end.).Un.cfcr
Clearf.Bitum.CoallstM.,int.gu.byBh. Cr.,gold.c
Beech Or. Ext.— lstM., $4,500,000. g.. gu.p.A.I.G.o*
Bellingh. Bay A Brit. Cot.— 1st M., $1,000,000, g.,8.f.
Belt RR. A Stock Yard of Indianapolis— Stock
Preferred stock, cumulative
1st mortgage for $1,000,000, currency
Belt Ry.—lBt M.(red. aft. July 1, 1903) g.McBa.e*
Belvidere Delaware— Stock ($4,000,000)
Consol.
( guar, by United Co's.s.f
mortgage J guar, by United Go's, a. f
of 1875 ) issue $600,000 reduced by
r
r
s. f
r
o*
$4,000,000 (guar.by United Cos., 8 f
Bessemer A Lake Erie- Erie equipment trust
Locomotive equipment trust
Birmingham A Atlantic—1st mort., $500,000
Birmingham Belt- See St. Louis & San Francisco.
Bism. Wash. A Qt. Falls 1st M.. g., see text. Cecfcr
Bloomb'g A Sullivan RR.— 1st M., $400,000.... FP
2d mortgage, lnoome, non-cum., $200.000.. ,FP
—
77
33
15^
359
1899 $1,000
1899
1,000
1K97
1,000
1901
1.000
'92-W
'96'00
1.000
'80-'86
100 Ac
1,000
1,000
1.000
3
1900
1H89
1893
1899
160
160
160
1886
1892
1,000
1,000
10
10
59
61
25
"82
82
82
82
50
1891 100 Ac.
1901 1,000 Ac
1901
1,000
50
50
1881
1,000
1895
1,000
50
1885
1,000
1887
1,000
1893
1,000
1903
1,000
35
1891
1,000
58
1900
1898
1898
1,000
30
30
1
000
1.000
Lkased Lines.— Schuylkill River East Side 5 p. o. bonds were
purchased Dec. 1, 1903, at 110, per V. b» p. 40, and $5,000,000 new 4s
issued, guaranteed, \fT\n. and int., by endorsement. V. 77, p. 1745.
The Staten Island Rapid Transit new 4s the Baltimore A Ohio RR.
agrees to purchase at par and interest in cash prior to July 1, la 4,
and meantime to guarantee interest thereon at 4 per oent. V. 68,
p. 189, <*33, 525; V. 69, p «96.
The West Virginia A Pittsburg (see agreement in V. 67, p. 1310),
has been operated since Sept. 1, 1899, under a 99 years' lease, for 4 per
cent on the mortgage, to be appropriated to payment of bond Interest,
the B. & O. having the option for 5 years to purchase the bonds at par
and accrued Interest on 60 days' notice. V. 69, p. 439.
The B. A O. purchased Feb. 1. 1903, at 125 $1,864,000 of the $2.393,000 Pittsburg Cleve. A Toledo bonds. V. 70, p. 632; V. 76, p. 47.
Finances.— In September, 1901, the authorized issue of common
stock was Increased from $45,000,000 to $60,000,000, to provide
for conversion of $15,000,000 debenture 4s Issued in March, 1901, for
Improvements, etc. (V. 72, p. 282, 337). In July. 1903, $14,408,000
debentures had been oonverted. Stockholders In 1901 subscribed to
$22,537,200 additional common stock, at par, [V. 73, p. 1159; V. 74,
p. 150, 266,1 aud In 1902 to a further $42,31b.860 at same price, raising
the amount outstanding to $124,262,000. Of the proceeds of this last
issue, $20,533,000 is applicable to equipment, $9,329,000 to doubletracking between Newcastle and Akron and miscellaneous construction, and the remaining $12,454,000 to acquire stocks, bonds, etc., to
be plaoed under the Pittsburg Lake Erie A west Va. System mortgage.
V. 75. p. 549, 980.
Ln Nov., 1903, $5,000,000 first 4s, $3,000,000 prior lien 3^s and
$1,600,C 00 Southwestern Division 3^8 were sold for additions and
Improvements. V. 77, p. 1873, 1745, 2097.
In 1P04, $10,000,000 of 2 year 4i« p. c. notes were sold, secured by
a deposit of Reading Co. first and second preferred stock, with a
margin of 25 p. c, the company to have the right to substitute other
satisfactory securities. The proceeds, It is stated, will be usedjin part
to retire the $2,500,000 Staten Island Rapid Transit bonds maturing
July 1, 1904. V. 78, p. 1446.
As to Reading Company stock, see also above.
The $10,000,000 equipment bonds of 1901 are due $1,000,000 yearly.
Earnings—From July 1 to Mar. 31, 1904 (9 months), Including B.
O. Southwestern in both years, were
Gross, $48,944,686; net, $16,469,814
1904
Gross, 46,386,641; net, 17,231,701
1903
Earnings of July, 1902 and 1903, based on 3,935 miles, being entire
system (4,397 miles) except
Valley hR.of Virginia, Raveoswood Spencer & Glenville, Ripley & Mill Creek
Valley, Ohio A Little Kanawha, Cleveland Terminal & Valley, Cleveland Lorain & Wheeling.
A
Annual Report.—Report for year ending June
30, 1903, was ln V.
(See also editorial, p. 2 004.) Average rate per ton
77, p. 2032, 2040
per mile, 5-56 mills ln 1902-3, against 5-28 mills in 1901-02; average
revenue train-load, 416 tons, against 411 in 1901-2.
1902-3.
1901-2.
1900-1.
lear ending June 30—
3.935
$47,756,251
12,520,988
3,172,395
Miles
Freight
Passengers
Mail, express, eto
Total gross earnings
Operating expenses
$63,449,633
39,569,964
Net earnings
Other Income
3,884
$43,779,786
11,238,537
2,874,172
3,221
$35,553,872
9,054,602
2,505,957
$57,892,495 $47,114,431
37,006,984
31,046,231
$23,879,669 $20,885,511 $16,068,200
1,222,991
930,096
688,429
(net)
Total net lnoome
Interest and rentals
$25,102,660
$8,934,919
Taxes
1,239,726
Discount, commissions, eto....
1,109,853
Dividends on pref. stock
(4)2,400,000
common stock.. (4)4, 970,482
do
Additions and improvements.. 3,500,000
$21,815,607 $16,756,629
$10,162,833
$8,148,512
970,504
1,175,062
448,627
1,303,939
(4)2,400,000 (4)2,400,000
(4)3,039,848 (4)1,800,000
2,500,000
2,500,000
1591
5 g.
$1,500,000
500,000
5g.
225,000
5 g.
4 g.
3,282,000
4ig
728,000
620,000 5g. A 6
320,000
6g.
60,000
5 g.
5
100,000
200,000
5 S.
4 g150,000
4
8,000,000
4 g.
5,000,000
5 g1,000,000
4 g.
774,000
3^ g.
3,500,000
5 g659,000
1,000,000 6^ In '03
6
500,000
6
1,000,000
5
275,000
1.253,000 5 in 1903
4
500,000
4
749,000
4
500.000
3** g.
1. 000,000
5
1,220.000
ft
150,000
6
500,000
650,000
400,000
200.000
by
pal.When Due.
Stock*— Last
Dividend.
A O N. Y., Guar. Trust Co. Jan. 1, 1943
A O
do
do
Jan, 1, 1943
do
A O.
do
Oct. 1, 1947
J. A J. N.Y.,BrownBros.&Bos. July 1, 1951
Various
8ept 12Julyl6
A. A O. N. Y.. Guar Trust Co To July 1,1910
J. A J. N. Y.. 26 Exoh. Place.
1930-1936
M. A 8.
do
do
Men. 1, 1925
New York City.
J. A D.
June 1, 1919
In default.
A. A O.
Apr. 1, 1923
July 1, 1919
J. A J
Q.-J. N. Y., Grand Cent. Sta. Apr., 1904, 1%
do
J. A J.
do
July 1, 1936
J. A J.
do
do
July 1, 1936
J. A J. N. Y, Knlokerb'r Trust. Jan. 1, 1940
A. A O. N. Y., Gr. Cent. Station. Apr. 1, 1951
J. & D. N. Y.U.S.MAT.Co. A 8.F. Deo. 1, )H32
J. A J. Indianapolis, Co. office, Jan. 1,'04, 4
do
do
Q.— J.
Apr. 1,'04, l»a
M. AN. Phila., W. H. Newbolds. Apr. 30, 1911
J. A J. Bait., Merc. Tr. A Dep. July 1, 1945
Feb.
Philadelphia, Pa. RR. Feb. 20,'03.5%
M. A 8.
do
do
Sept. 1, 1925
do
F. A A.
do
Feb. 1, 1927
J. A J.
do
do
Jan. 1, 1933
A.
A.
A.
M.
A
&
&
J.
8.
8.
M.
<fe
N.
,1.
M.
&
5 g.
5
do
do
Jan.
Mar.
Mar.
Nov.
In default.
J. IstNat.Bank,
J. Phila., F. I. T.
A
A
5
I
Bonas— rriuoi-
J
Phila.,
when
Minneap
A S.D.Co.
earned.
1,
1,
1,
1,
1943
1922
1913
1931
Jan. 1, 1930
Jan. 1, 1928
Jan. 1. 1928
Organization.— Organized Feb. 13, 1891. State of Maine refunds
95 per oent of all taxes levied. For organisation see V. 66, p. H55.
The Fish River RR., Ashland, Me., to Fort Kent, 53 miles, was purchased ln July, 1903. (V. 75, p. 977; V. 77, p. 35.) Extension rrom
Katahdin Iron Works, north to Chesuncook Lake, 50 miles, was reported to be proposed.
Stock.—Common, $1,550,000; 10,400 shares full paid and 100
shares, 5% paid. In July, 1903, $500,000 additional stock was Issued
to purchase the Fish River RR. V. 77, p. 35. First semi-annual dividend, lifl p. c, was paid Jan., 1904. V. 78, p. 47.
Bonds.— As to gold 5s on Plsoat. Division see V. 67, p. 1159; V. 68
Van Buren Extension 5s of 1899, V. 69, p. 952.
p. 84, 329.
Of the consol. refunding gold 4s, $12,500,000 were reserved to pay
off the outstanding bonds, Including those of controlled roads, oar
trusts and preferred stock, and to acquire such controlled roads, $3,000,000 for improvements over a series of years and $4,500,000 for
extensions at $25,000 per mile including equipment. V. 73, p. 286,
896; V. 74, p. 93.
Latest Earnings.— 8 mos., J 1903-4..Gross, $1,311,857;
July 1 to Feb. 29.
net, $482,393
1902-3..Gross, 1,127,114; net, 404,699
Annual Report— Report for year ending June 30, 1903, ln V. 77,
p. 1529, showed: Gross, $1,800,168; net, $664,05 1; charges, $515,676;
betterments, $57,063; bal.. surplus, $91,312. In 1901-2, gross, $1,708,937; net, $601,774.-(V. 77, p. 195, 1294, 1 529; V. 78, p. 47.)
\
Ry.—
Bangor
Nazareth
miles.
Ac Portland
Portland to Bath, Pa., 29 miles;
Jet. to Martin's Creek, 5 m.; other branches, 5 m.; total, 39
Stock, $510,000, all acquired
ln
wanna A Western RR. Dividend
1900 by Delaware Lacka-
(6 p. c.) paid Jan. 15, 1901 ; in 1902,
p.c; ln 1903, 4 p.o.; in 1904, 7 p o. For cat. year 1903, gross, $278,658;
net, $86,254; Interest and rentals, $44,948; dlv. (7%), $35,700; bal.,
sur., $5,406.
RR.—
&
Rath Hammondsport
Bath, N. Y., to Hammondsport
N. Y., 10 miles. Control acquired by Erie RR. In Oct., 1903. Stock,
$100,000; oar, $100. Year ending June 30, 1903. gross. $32,915; net,
$12,875; other income, $518: int. and taxes, $16,320; bal., def., $2,926.- (V. 77,
p. 1224.)
Bay of Qnlnte Ry.—V. 74, p. 150
weaver A HI wood RR.—Eilwood Jet to Hazen Coal Mine, Pa.
3 miles. Leased to Pittsburg & Lake Erie RR. for 20 years from May
1, 1899, rental being 40 p. o. of gross earnings,
of shares, $100. Bonds, see table above.
stock, $150,000, par
RR.—
Beecb Creek
(See Map adjoining N. T. Central.)— Road—
Jersey Shore, Pa.,to Mahaffey,113 m; branches, to Philipsburg, to mines
Ac, 47
160 miles.
miles; total,
Lease,
Ac— From
October
1,
1890, leased to the N. Y. Central
A
Hudson River RR. for 999 years at interest on bonds and 4 per oent
on stock, and since May 1, 1899, operated directly as a part of its
Pennsylvania division. V. 68, p. 872. Carries mostly coal and coke.
See guaranty V. 52, p. 570. The bonds are endorsed with New York Central's guaranty of prin. and int. See V. 52, p. 570.— (V. 75, p. 1398.)
RR
Beecb Creek Extension
—(See Map adjoining N. Y. Central.)
—Clearfield, Pa., to Keating, 52-08 miles; Rossiterto Rossiter Jet., 3*21
m.; McElhattan to Browns, 1-21 m.; Cataract to Potterdale, 2-09 m.,
total, 58*59 miles; operated from July 1, 1902. A low-grade coal line,
leased to N. Y. Cent. A Hud. River RR. (which owns entire $4,500,000 stock) for 999 years from May 22, 1901, bonds being guaranteed,
principal and interest.— (V. 73, p. 1356.)
ItHliiiirli-ini Bay 4c British Columbia
Whatcom to
Cornell's. Wash., with spurs, 51 miles; branch from Hampton to Lynden, 5 miles; total, 56*3 miles. Stock, $1,000,000, all owned by New
York and San Francisco oarties. Year ending Deo 31, 1903, gross*
$227,956; net, $92,494; other ircome. $8o7; int. and taxes, $40,374*
bal., sur., $33,504. President, H. H. Taylor.— (V. 78, p. 342.)
RR.—
Belt Railroad
&
Stock Yard of Indianapolis.— Owns 14
miles of belt road, etc. Leased for 999 years to Ind. Union— which see.
Divtd.— ) Preferred In Common '95. '96. '97. '98 to '02. '03. '04.
Since 1894 $ full to date, stock p. o. 5 4*9
5 yrly. 6i« Jan., 4
Pres., S. E. Bauh, Indianapolis, Ind.— (V. 77, p. 2389.)
*"
Balance, surplus
x$2,947,680 x$l,233,925
x$488,985
xSnrplns differs from that shown ln pamphlet report owing to method of
Charging common stock dividend, the above being used for simplicity.
Executive Committee.— Oscar G. Murray, Chairman; J. K. Cowen; S.
M. Prevost, John P. Green, James MoCrea and Samuel Rea; Pres.,
Oscar G. Murray; 1st Vice-Pres., Geo. F. Randolph; Sec, C. W. Woolford; Treas., J. V. McNeal. The Pennsylvania RR. is represented on
the board by 8. M. Prevost, John P. Green, Samuel Rea and James
MoCrea. Other directors:
John K. Cowen, James Speyer, Kdward H. Harriman Norman B. Ream,
Jacob H. Schtff, Charles Steele, James Stillman, Kdward R. Bacon. Representing State of Md., L. Victor Baugnman. A. P. Gorman.
N. Y. Office, 2 Wall St.— (V. 78, p. 47, 101, 2b6, 342, 1446 )
Baltimore A Potomac RR.— See Phila. Bait. A Wash. RR.
Bangor & Aroostook RR.— (See Map)— Oldtown, Me., northerly to Van Buren, with branches; total 412 miles, viz.:
—
Lines owned
Miles.
Brownville to Caribou and br.. 205
Oldtown to Greenville and
K. Iron Works
B.
A
I
|
I
95
Miles.
Ashland Jet. to Fort Kent.
96
Aroostook Northern, Caribou
16
to Limestone...
Belt Railway (of Chattanooga, Tenn.).— Owns 25 miles of
belt railroad in Chattanooga, Tenn.
History.—A reorganization
V
.
67, p. 72.
Union Ry. foreclosed June 17, 1895.
of
Leased till July 1. 1945, to Alabma Great Southern RR.; rental guar,
anteed to meet Interest on 1st M. oonds, taxes and maintenance.
Stock is $300,000, owned by A.i a Great So. Ry. There are also $24.000 second income 4s, due 1945, but subject to call at par July 1, 1903:
ooupons paid from Jan., 1901, to July, 1903, lncL.— (V. 63,p. 609.)
Belvidere Delaware RR.— Owns from Trenton, N. J., to Manunka Chunk, N. J., 67. m.; FlemingtonRR.,Ac, 14 m.; operated ont-ofl
1 m.; total operated, 82 miles. Leased to United Companies, and transferred to Penn. RR. March 7, 1876. Net earnings paid as rental.
Stock.—Authorized, $4,000.000 outstanding Jan., 1903, $1,253/
000; par, $50. Dividends: 1897 to 1903, both inclusive, 5 p. 0. yearly.
Bonds.—All of the outstanding bonds are secured by the oonsoL
mortgage of 1875 for $4,000,000; sinking fund 1 per oent of outstanding bonds If earned. The issues of 1885, 1887 and 1903 are guaranteed by the UnitedNew Jersey RR. A Canal Co. Guaranty, V. 76, p. 918
.
;
159*2
RAILWAY STOCKS AND BONDS.
T-
[Vol. lxxviil
miacouata
Lake
roostook Jc.
Lndover
Perth
.
L
I
r*'RF/ELD
VAKilburne
LastoiiVr
MAP OF THE
BANGOR
&
AROOSTOOK
RAILROAD AND CONNECTIONS.
:
Apr.. 1004.
RAILWAY STOCKS AND BONDS.
|
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fec
see notes
Date
of
of
Size, or
'
Par
Road. Bonds Value.
Loyalton-lst M., $675,000, g.. call 110... c«
8t. L. <t South. i?».— lstM.g ,$1,000,000.0*
Boston A Albany—Stock ($30,000,000 authorized)..
Bonds (not mortgage), guar. p. & 1
Bonds (not mortgage) $5,000,000
Bonds, $2,500,000, currency
Boston dt Lowell— 8tock
Bonds, not mortgage.
do
Bonds,
do
Bonds,
Boston & Maine gives
o*.
do
Bonds,
a rental guarantee]
do
o*.
Bonds,
for 99 years.
do
Bonds,
do
Bonds,
do
o....
Bonds,
Boston dt Maine— Stock, common and sorvp.OB...
Preferred stock, 6 per cent, non-oumulative.OB.
Improvem't bonds, s. f., not mort. or sub), to oall
Lmprovem't bonds, s. f., not mort. or subj. to oall
cter
Bonds (not mortgage) for imp. & ref
o&r
Bonds, not mortgage, gold
Bonds, $5,454,000, g., secured by Fltchb. stock
Improvement bonds, not mort., $1,000,000
Bonds, ($2,000,000) not mort.)
Eastern RR.certs.ofindebt.lstM., g.,B.f.,notdrn.c
o
Portsmouth Great Falls & Conway 1st mort
o,
Central Massachusetts, 1st M. IB, assumed
Charlestown land mortgage notes
Port. & Roch. Terminal bonds (no mort.) ass'd.c
Boston dt Frov.— Stock, 10 p. o. guar. 99 yrs., Old Col.
o*
Bonds, not mortgage
Boston Revere Beach dt Lynn — Stock
o\fer
1st mortgage, $1,000,000, goidSB
Boston Winthrop & Shore 1st mort assumed. IB
Boston Terminal Co.—1st mort., currency. OB..o&r
Bruce Vinesd Al.-l st M. $250,0 0,gn.p.<fel.red...
Boca
<C
Boonville
—
52
44
394
111
73
99
68
9
5
17
;
Stock authorized, $500,000; outstanding, $160,000; par of
shares, $100. Of the bonds (authorized issue $7,000,000) $600,000
were issuable on the first 46 miles completed and the balance at
$12,000 per mile. Year 1902-03, gross, $151,119; net, $75,395; int.
and taxes, $31,999; bal , sur., $43,396. President, W. D. Washburn,
Bismarck, N. D.; Sec. and Treas., C. C. Crane, Minneapolis. Minn.—
(V. 70, p. 1248.)
1903.
Sullivan
RR.— Owns
Bloomsburg
to
Jamison
8tock is $600,000; par, $50. V. 66, p. 80, 952.
Year ending June 30, 1903, gross. $79,991; net, $37,530; interest,
taxes, etc, $24,240; bal., surplus, $13,290.— (V. 66, p. 80, 952.)
Owns from Bora, on Central Pacific
Loyalton
Boca
main line, nortawesterly via Loyalton to Beokwith, 40 miles; under
construction 6 miles additional main line and 6 miles of branches.
Stock, $1,200,000; par of shares, $15. Bonds cover also Roberts Lumber Co. 's property comprising 52,769 acres of pine lands, water-works
etc.; Mercantile Trust Co. of San Francisco is mortgage trustee.
They are subject to call for sinking fund at 110 and interest.
Earnings for 15 mos. ending Apr. 1, 1903: Railroad,
V. 76, p 1191.
gross, $104,422; lumber, gross, $163,099; total, $267,521; total net,
$85,156.-(V. 76, p 1191.
Boise Nampa & Owyhee By.—Nampa to Murphy, Idaho, 3045
miles, completed July, 1899. In 1901 was extended from Nampa north
to Emmett, 28 miles, under charter of Idaho Northern Ry. In Jan.,
1904, extension from Emmett to Garden Valley, 45 miles, was reported to be proposed. Stock, $1,000,000; par, $100. In Apr., 1903,
no bonds were to be Issued "at present." Year ending June 30, 1902,
(58 miles), gross, $59,320; net, $J5,581. President, E. H. Dewey; See,
R. E. Green. Nampa, Idaho.
Boonville St. Louis Southern Ry.—Boonville to Versailles,
Mo., 44 miles. Leased to Mo. Pac till July 1, 1910, at annual rental of
$25,000, taxes, expenses, etc Stock, $250,000; par of shares, $125.
Owns from Boston, Mass., to Albany,
Albany
Bostou
N. Y.. 200 miles; numerous branches, 104 miles; leased lines, 88 miles;
total operated, 392 miles. A consolidation of Deoember.1867.
Leased in 1900 for 99 years to the N. Y. Cent. & Hud. Rlv. RR. for
guaranteed rental of 8 per cent per annum on the $25,000,000 stock,
payable quarterly [Mar. 30, etc. J, organization expenses, interest on
bonds, taxes, expenses of maintenance, etc The B. A A. received
for oertaln property not included in the lease $5,500,000 In N. Y.
Cent. 3 ^ per cent 100-year debentures, thus adding -77 per cent per
annum to 8 per cent guaranteed on stock. See leaee in V. 69, p. 282.
V. 69, p. 1061, 1102, 1246; V. 70, p. 74; V. 71, p. 645, 963.)
Bonds of 1901 $2,500,000 were for terminal facilities at Boston, of
whioh $1,000,000 Issued. V. 71, p. 1218; V. 72, p. 44; V. 75, p. 752.
Dividends— Cash dividends at the rate of 8 per cent yearly were
paid for many years prior to the lease. Since 1900 8% per cent, viz.:
2 p. o. eaoh in Mar. and Bept., 2*3 p. 0. in June and 2H p. 0. in Deo.
Earnings (as reported to Srate RR. Commission).— For year ending
Jane 30, 1903, gross, $10,131,309; against $9,554,325 In 1901-2; net,
$3,15^,899, against $3,366,877; other inooine, $374,123; oharges,
$3,341,879; bal., sur., $l»v;,143.
Figures of the lessee company:
Int., etc.
Dividends. Bal.,$ur.
Net.
Qross.
Tear.
1901 2... $9,890,305 $3,710,956 $1,366,135 x$2,000,000 $344,821
xiJ,000,000
206,302
1,314,453
1900-1 .. 9,931,396
3,520,755
x Also $187,500 by company itself from investments.
—(V. 73, p. 1312; V. 74, p. 150. 629; V. 75, p. 732, 1301.)
RR.—
&
&
&
RR.—
•
.
Bond*— Priii clpal.When Due.
by 8 tocks— Last
Dividend.
I
BettNemcr & Lake Erie RB.— Leases Pittsburg Bessemer bo
Lake Erie RR., Bessemer, near Pittsburg, Pa., to Conneaut Harbor,
Lake Erie, etc, with branches, a total of 213 miles, for 999 years
from Apr. 1, 1901; owns 10 m.; total 223 miles. V. 72, p. 137. Authorized to operate a railroad from a point of connection with the
Pitts Bes. & Lake E. at or near Kremis Station, Pa., to a point on
Stock,
the Jamestown & Franklin RR.. near Salem Station, Pa.;
authorized, $500,000. Controlled by the Carnegie Co. and so by the
U. 8. Steel Corporation. Guaranty of Marquette <fe Bessemer Dock &
Navigation bonds, V. 77, p. 1228; V. 76, p. 1358.— (V. 78, p. 1167.)
Birmingham & Atlantic RR.—Talladega to Pell City, Ala., 23
miles branches, Rogans to ore beds, 9 m.,and Furnaoe to Weisingers,
3m.; total, 35 miles. Stock, $1,000,000, all oommon; par of shares,
$100. Year ending June 30, 1903, gross, $63,165; def. under oper.,
$31,085; bond interest not paid. President, Sidney H. March; Sec and
Treas., John Carlsen, 25 Broad St., N. Y.
Bismarck Washburn Sc Great Falls Rj.- Bismarck. N. D.
to Washburn, 45 m.; projeoted thence to Great Falls, Mont, of which
13 miles north from Washburn to Underwood was completed Oot..
6c
Outstanding
INTERE8T OR DIVIDENDS
Rate per When Where Payable, and
Whom.
Payable
Cent.
593
$1,000
1,000
&
City, Pa.. 30 miles.
Amount
I
6g. A. <fe O N.Y.,U.8.M.&Tr.&S.F. Apr. 1, 1923
(1)
6g. F. & A. N. Y., Amer. Ex. Bank Aug. 1, 1911
$400,000
lOO
25,000,000 See text. Q.-M. Boston, Of. Ter. Station Mar. 31, '04, 2
do
do
Apr. 1, 1952
3^ A. & O.
3.858,000
1902
1,000
do
do
Oct. 1, 1913
A. & O.
4
3,627,000
1893
1,000
Jan. 1, 1951
do
do
31«
J. A J.
1,000,000
1901
1,000
Boston, at Office.
Jan. 2, '04, 4%
J. & J.
8
100
6,599,400
1905-6-7-9
do
do
Various
4
1885-9 1,000
3,675,000
Apr. 1, 1932
do
do
A. & O
4
1,000,000
1892
1,000
Feb. 1, 1913
do
do
F. & A
4
1.0O0
1,000,000
1893
Mch. 1, 1915
do
do
M. & S
4
500,000
1895
1,000
July 1, 1916
do
do
J. & J
4
750,000
1896
1,000
do
do
Oot.,1917&18
A. & O.
4
414,000
1897-8 1,000
1919 & 1921
do
do
•99'01 1.000
3^ J. & J.
939.000
May 1, 1923
do
do
3*«
M. & N.
250,000
1903
1,000
Boston, at Office. > Apr. 1, '04,1%
100 23,838,070 7 in 1903 Q.-J.
Causeway St.
M. & S.
6
100
3,149,800
5 Mar. 1/04,3%
F. & A.
do
do
Feb ., 1905-07
'85-'87
4
1,500,000
1,000
do
F. & A.
do
Feb. 1, 1937
4
1,919,000
1887
1,000
do
do
F. & A.
Aug. 1, 1942
4
2,500,000
1892 lOOO&c.
do
do
4ifl g. J. & J.
Jan. 1. 1944
6,000.000
1894
1,000
do
do
July 1, 1950
3 g. J. & J.
5,454.000
1900
1,000
do
M. A N.
do
Nov. 1, 1921
3>a
1,000,000
1901
1,000
do
do
J. & J.
Jan. 1, 1923
2,000,000
3*a
1903
1.000
6g. M. & S. Bost.; Lond., Baring Br Sept. 1, 1906
7,918,508
1876 $& A
Boston, at office.
414,
J. <fe D.
June 1, 1937
998,000
1877 500&O.
A. & O.
5
Oct. 1, 1906
2,000,000
1,000
1886
J. & J. Boston Office & Fed.Tr
4
Sept. 1, 1906
594,800
Var.
Var.
do
A. & O.
do
4
Oct. 1, 1907
113,500
500
1892
Q.-J. Boston Term., room 526 Apr. 1, '04, 2M,
10
4,000,000
100
do
88-**93
& J.
do
4
J.
July 1, 1918
2,170,000
1,000
850,000 2 in 1903 J. & J. Ofhce,or cheques mailed Jan. 1, '04, 1%
100
lag. J. & J. Boston, State St. Tr. Co. July 15, 1927
4
561,000
1897 1000&0.
M. & S. Boston, State Nat'l Bk. Sept. 1, 1906
5
289,000
1886
1,000
313
Text. Boston, State Nat'l Bk. Feb. 1, 1947
1897 l.OOO&c 14,000,000
5 g. J. & D. N. Y., Knlokerb. Tr. Co June 1, 1952
150.000
500
1902
1903
1881
EABNING8.-In 1903, gross, $1,394,375; net, $235,255; interest,
taxes, etc., sink fumt and other oharg^s, $185,594; bal., sur., $49,661.
In 1902, gross, $1,121,127; net, $201.694.-(V.76, p. 918.)
Bennington Rutland By.—See Rutland RR.— (V. 70, p. 685.
Berkshire Bit.—West Stockbridge, Mass., to Conneotiout State
Line, 21 miles. Road opened 1842. Leased April 1, 1893. for 99 years
to N. Y. N. H. & H. RR. for expenses, taxes and 6 p. 0. on stook, paid
Q.-J. 15 at Housatonio Nat. Bk., Stockbridge, Mass. Lease to Housatonio RR. suspended but not canceled. Stook, $600,000.
Bloomsburs
:
—
Boston 6c Lowell RR.— Road Owns Boston to Lowell, 27 miles
branches Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 45 miles; Middlesex Central, 11 miles; leases— Conneotiout
k, Passumpsio, 147 miles; Nashua & Lowell, 15 m.; Peterborough, 10
m.; Nortnern N. H., 83 m. (and subsidiary lines 90 m.); Stony Brook
RR.,13m.; Wilton RR., 15 m. Leases mostly assumed by Bost. & Maine.
Leases.— Leased in 1887 for 99 years to the Boston & Maine at 7 per
cent per annum on stock till Jan. 1, 1897, and 8 per cent thereafter.
Stock and Bonds.— Stock authorized, $6,599,400. The debentures
were desoribed on page 2, Supp. of April, 1895.
Boston 6c ITIalne RR.— Road The system with its many branch
lines covers the territory from Boston, Mass., to Portland, Maine,
(two divisions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jet.
and Troy, N. Y., Worcester, Mass., to Portland. Mo., and all importfl See this company.
ant places in New Hampshire:
Lines leased— ( Ooncl.)
Miles.
Lines owned.
Miles
Fitchburg
Boston,Mas8.,toPortland,Me.
ff458
115 Nashua & Lowell
W. Div
H15
Boston to Portland, E. Div .. 108 Worcester Nashua & Rooh. .. 1J94
Conneotiout River RR
Conway June, Me., to North
if 80
73 Other
Conway. N.
72
18 Trackage rights
Portsmouth Elec Ry
9
Total operated July 1, 1903.. 2,282
Portland, Me., to Rochester,
54
2d track (3rd A 4th tr. 10).. 523
N. H
—
—
.
H
No. Camb. Jot, to
Northamp-
Mass
ton,
99 Controls Me. Cent, (which see) .824
152
St.Johnsbury &LakeChamp.l31
York Harbor & Beach
11
Vermont Valley
11470
24
Sullivan County
11465
26
agreement with N. Y. N. H. & H. regard-
Sundry branches
Lines leased.
Boston & Lowell
Concord* Montreal
Organization, Etc.—An
ing division of territory was made in 1893. V. 56, p. 464.
Stock.- Of the $23,838,070 stock outstanding July, 1903, $1,128,200 was held by trustees as collateral for Eastern RR. certs, of indebtedness. V. 69, p. 129.
The stockholders voted on Oot. 8, 1902, to
issue $1,000,000 additional common stock and $2,000,000 twentyyear bonds for Improvements and equipment. V. 75, p. 665.
Dividends.
'87 '88 '89 '90 '91 '92 '93 '94 to Jly, '99. To April. 1904
9 9 9*3 9
8
8
6 yearly.
7 p.
yearly
Bonds.— As to debentures see Supplement of April, 1895. Under
the lease of the Fitchburg RR. the B. & M. issued its $5,454,000
fifty-year 3 per oent gold bonds to purohase, $ for $, the same amount
of Fitchburg common stook held by the State of Massachusetts and by
private persons; V. 70, p. 175.
In 1901 $1,000,000 bonds were
sold for permanent improvements upon various leased lines and in Jan.,
1903 and 1904, 12,000,000; V. 73. p. 553, 783, 1111 ; V. 75, p. 665,
1301 V. 78, p 767. Notes payable Dec. 31, 1903, $1,900,000.
M. guarantees $1,328,000 first 5s of St. Johnsbury & Lake
B.
Champlaln. Also Interest on $274,000 Manohester
Lawrence 4s.
Jointly with M. Cent, guarantees $300,000 Portland Station bonds.
<
On oommon. \ 10%
c
;
&
&
Earnings.— For 6 months ending Deo. 31
Goto*.—
Gross.
Olh. inc. Int., taxes, etc. Bal.. sur
$273,879 $4,090,256 $1,618,146
255,741
4,062,245
1,218,467
Annual Report.—Annual meeting second Wednesday In October.
Annual report 1902-03 In V. 77, p. 947, showed results as follows
Tear Ending June 30.
1903.
1902.
1901.
Miles operated June 30
2,282
2,265
2,265
Passenger department
$12,116,115 $11,557,583 $11,147,757
Freight department
19,965,457
18,732,089
18,210,599
Net.
1903.... $18,485,252
1902.... 17,194,260
$5,434,523
5,024,971
Mails, express, etc
Total gross earnings
1,831,484
1,482,919
1,378,402
$31,772,591 $30,736,758
Netearniugs
$9,339,439
$9,359,684
$9,217,973
Net, includ. other inoome
$9,997,444
$10,033,237
$9,856,835
Interest
1,401,332
1,366,997
1,268,588
Rentals
5,067,593
5.062,922
5,199,234
Taxes
1,619,119
1,629,514
1,547,315
Dividends
1,771,722
1,764,359
1,645,000
Sinking fund
151,285
151,285
151,285
Balance, surplus
$22,186
$22,367
$45,413
Officers.— President, Lucius Tuttle; Comptroller and General Auditor, W. J. Hobbs; Treasurer, Herbert E. Fisher. OflSce, Boston.
Directors— Loci us Tuttls, Richard (Jinny, Walter Hunnawell, Heorr K Reed,
Boston; Joseph H. White, Henrr M. Whitney, Brooklins, Mass.; L. C. Ledjard.
Henrr F. Or mock, C. M. Pratt, New Vork; Samuel C. Lawrence, Medford; A,
W. Sulioway. Franklin, N. H.; William Whiting, Holyoke, Mass.: Alexander
$.->3,613,056
Cochrane. Boston.
—(V. 76,
p.
Roston
1083; V. 77,
6c
p.
145, 297,
Providence
347, 947; V. 78,
p. 767, 819.)
RR.—Owns Boston, Mass., to Providence,
I., 44 miles; branches, 20 miles.
Leased for 99 years, April 1,
1888, to Old Colony RR.; rental, 10 p. o. yearly on stook.
B.
Boston Revere Beach 6c Lynn RR.— Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by
company's ferry boats Boston Winthrop & Shore Div., East Boston to
Winthrop, 5 miles, with branohes 3 miles. Of the 4>«s of 1897 $289,000 reserved for Boston W. & S. 5s; balance unissued is for Improvements. (V. 65, p. 68.) Notes payable July 1, 1903, $295,000.
;
1594
RAILWAY STOCKS AND BONDS.
[Vol. lxxviii.
U
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
RAILROADS.
Miles
Date
Size, or
INTEREST OR DIVIDENDS.
Per When When Payable, and
Amount
Rate
of
Par
of
For explanation of column heading, &o. see notes
Outstanding Cent.
Road. Bonds Value.
on first page of tables.
Brunsw. dt Birmingh.— 1st M., $12,000,000, g.Ko*
Brunsw. 4 West.—See Atlantic Coast Line RR.
r
Buffalo Greek— 1st mortgage
105
$2,100,000
1882
1891
1,000
1,000
184,000
546.000
100
100
9,000,000
6,000,000
1,300,000
3,917,000
4,427.000
350,000
245,000
500,000
2,000,000
1,700,000
6
Tr
&
Pittsburg—Com. stock.
Pref. stock, non-cum.; com. 6%; then pro rataTr
R. &P. 1st
,g., Rochester to Salamanca. II n.o*
R. & P. oonsol. M., $20,000 per m.,gold, g.Un o*
B.R. &P. 1st general M. ($10,000,000) g...IJno*
Lincoln Park & Charlotte IstM., gold, gu.Un.o*
P. car trusts, (told, due semi-annually ...
B. R.
Equipm't bonds, $500,000, g., s. f., Ser. A... Co*
Buffalo Rochester
$1,000
6
Cons. M., $1,000,000. Kold, Interest as rental., c
Buffalo N. Y.dt Erie— See Erie Railroad.
1902
M
108
276
276
10
1899
1900-1
& C.
$1,000,000 each. g.. 8. f.G
D. $2,000,000, g.. red. 105, s. f...
Securities of Allied Coal Properties.
Jefferson & Clearfield C. & I., pref. stock
Co*
1st M., g., sinking fund, dr;iwn at 105
2d M.,
B.
gold,
drawn
s. f.,
1902
&
Usm.o*
at 105
Pitts.
M
—
Dividends.
Percent,
)
1888-91. '92. '93.
5
7 yearly. 5*9
'94.
'95.
'96.
1,500,000
1,588,000
1,000,000
691.000
! ,064,000
1.250,000
3,000,000
50
....
324,500
1893 500 Ac
3,266,000
1901 l.OOOAo
7,117,200
100
1,500,000
1903 l.OOOAo
100
7,150,000
6,500,000
1876 lOOAc.
1,905,000
1,000
1881
1884 l.OOO&o 11,000,000
150,000
500
1877
1896
1896
1886
1896
1902
'
j
1,000
1.000
1,000
1,000
1,000
1
I
|
ON&QmNCY.
p.
Dividends
Common
75, p. 1252;
1931, interest in default since Nov., 18t»9. Floating debt July, 1903
$285,587; real estate mortgage, $30,030. In year ending June 30, 1903
gross, $4,032; def. under operating. $8,672; other income, $4,471*.
int. and taxes, $27,843; balance, defloit, $32,043.— (V. 76, p. 971.)
llgoma By.— V. 76, p. 704.
Bruce Mines
Brunswick Birmingham «. —Brunswick, Ga., to Irwinville, 162 miles, including trackage, 28 miles.
Control was acquired
of the Ocilla & Irwin ville, projected from Ocilla to Ashburn; also in
the interest of the company of the Hawkinsville & Florida South
ern Worth to Hawkinsville, Ga., 44 miles, with branoh from Davlsville
to Isaacs, 11 miles. V. 75, p. 288; V. 77. p. 1294. In Mar, 1904. the
Atlantic & Birmingham Ry. contracted to purchase the road. V. 78,
1391. Stock and bonds authorized, each $20,000 per mile. Presient, Bird M. Robinson, 277 B'way, N Y. Treas., C. J. Bushnell, 100
S.
B'way, N. Y.— (V. 77, p. 694, 1294; V. 78, p. 819, 1274, 1391.)
Buffalo Bradford
Kane BR,-(3-/l. gauge.) Owns Bradford to Smeth port, Pa., 26'11 miles. Leases Ormsby Jc. to Mt. Jewett,
Pa. (Big Level & Kinzua RR.), 10-48 miles, andMt. Jewett to Kane, Pa.,
(Pitt*. & West.) 11-49 miles. Total 48-08 miles. Suooessorto the Bradford Bordell A Kinzua Ry., aoquired at foreclosure in Dec, 1903, by
Buffalo & Susquehanna interests. V. 77, p. 1745, 2279, 2338; V. 78,
p. 101. Stock, *300,000; par of shares, $100.
President, M. E. Olmsted; Treas., F. A. Lebr.— (V. 78, p. 101.)
Buffalo Creek
Owns 6 miles of terminal road in Buffalo
N. Y. In December, 1889, leased for term of charter less one day, to the
Lehigh Valley and the Erie RR., which together own entire capital
stook of $250,000. Dividends In 1898-99 to 1902-03, incl., 7 p. 0. yearly.
'
R
&
BR.—
&
Buffalo Rochester
Pittsburg Railway.— (See Map.)— Over
ates from Buffalo and Rochester, N. Y., to the bituminous coal regions
TAnes owned in fee
Miles.
Leased—Entire st'k own'd Milet
Buffalo Creek, N. Y., to Howard
Johnsonburg Bradford RR.-Juno., Pa
81
Howard Juno, to Mt. Jewett. 20
Clarion June, to Llndsey, Pa. . 60
Leased Stock not owned.
Roohester to Ashford, N. Y
94 Allegheny
Western—
Charlotte, N. Y., to Lincoln P'k. 10
Punxsutawney to Butler, Pa. 60
—
&
—
—
&
Indiana branch
Five branches to mines
28
19
.
1
(p.
p.
354; V. 78, p. 228.
c))'93. '94-96.
>
)
1^4
1226666
'97. '98. '99. '00. '01. '02. '03.
1904.
Feb.,3
5i«Feb..3
4
4
1903, Feb., 2^ p. c; Aug. 3 p.c; in 1904, Feb., 3 p. 0.
Bonds.—General 5s for $5,573,000 are reserved for prior bonds, etc,
The $2,000,000 debentures of 1897 in the treasury in July,
1903 are convertible into common stock at par and BUbjeot to
call at 102 *v, they are to be secured by any subsequent mortgage unless made for refunding existing prior liens or for extensions exclusively. See V. 64, p. 706; V. 73, p. 1009, 1111. R. & P.
income 6s, $5,000. A sinking fund of 5 per cent will retire ser. A, B
and C equipment bonds annually on May 1, if purchasable at or below
par; otherwise to be applied to the purchase of aiiditional equipment.
V. 68, p. 1131; V. 71, p. 501; V. 73, p. 348. Series D have an annual
sinking fund of 6 p. 0. for purchase of bonds Sept. I at 105 and interest; if not purchasable, bonds may be drawn by lot. Real estate
mortgages bearing5 p. 0. interest, $304,000.
Gross, $5,020,256; net, $2,131,551
Earnings— 8 mos., > 1903-4
July 1 to Feb. 29. S 1902-3 ... .Gross, 4.835,62i; net, 2,071,286
For 6 mos. ending Dec 31, 1903, net, $1,779,896, against $1,616,378
in 1902; other Income, $25,006; charges, $812,188; Dalanoe, surplus,
$992,714, against $913,049.
Annual Report.— Fiscal year ends June 30. The annu.al meeting is
held at New York on the third Monday in November. The report for
1902-03 was given at length in V. 77, p. 347, 353; see also editorial,
p. 375. In 1902-03 carried 5,126,314 tons of bituminous coal (out of
7,893,900 total tons of freight moved), against 4,655,783 in 1901-02.
1902.
1901.
1903.
1900.
Year end. June 30—
472
472
472
472
Miles June 30.
$7,404,504 $6,292,584 $5,803,693 $4,992,147
Gross earnings
$3,028,082 $2,519,018 $2,394,661 $1,863,267
Net earnings
48.233
20,662
26,926
19,988
Other income
On common in
Brooklyn & Brighton Beach RR.—V.69, p. 228; V.75, p. 1353.
Brooklyn & Rockaway Beach BB.—Owns road from East
New York (Brooklyn) to Canarsie Landing, Jamaica Bay, 3*3 miles (of
which 3 miles double track), and operates ferry to Rockaway Beaon.
Operations suspended during winter months. On Jan. 20,1903, Henry J.
Robinson was appointed reoelver; foreclosure pendinsr. V.76, p. 211,971.
Stock is $150,000; par. $50. Bonds, $338,000 gold 6s, due May 1,
&
—
Last
Dividend.
A J. N.Y.,Knicker.Trust Co. Jan. 1, 1952
J. A J. N. Y., Farmers* L. & Tr. Jan. 1, 1907
6
do
do
Jan. 1, 1941
5 g. J. A J.
See text. F. & A. N. Y.. 36 Wall Street. Feb. 15,'04,3%
do
do
Feb.15,'01,3%
6 In 1903 F. & A.
do
'Feb. 1, 1921
do
6 g. F. & A.
do
Deo. 1, 1922
do
6 g. J. A D.
do
Sept. 1, 1937
do
5 g. M. & S.
do
Jan. 1, 1939
do
5 k. J. A J.
1904-1908
do
do
5 g. J. A D.
May 1, 1919
do
do
4 2g- M. & N.
May 1, '20-21
do
do
4*3 g- M. & N.
Nov. 1, 1919
do
do
4ia g. M. & N
tFeb.l5,'04,2i«
Checks mailed.
F. & A.
5
June 1, 1926
5 g. J. A D. N. Y.. 36 WaU Street.
June 1, 1926
do
do
5 g. J. & D.
Nov. 30, 1907
do
do
5 g. M. & 8.
May 1, 1946
do
do
5 g. M. AN.
Aug, 1, 1932
do
do
4»ag. F. A A.
Q.-M. N. Y., Fisk & Robinson. Mar. 1, '04,1%
4
Oct., 1913
5 g. A. & O. N. Y., H. Fisk & Sons.
4g. J. A J. N. Y.. Fisk & Robinson. Apr. 1, 1951
Checks mailed.
4iag- M. A N. N. Y.. Fisk & Robinson. Apr. 1, 1953
J. & J. N. Y., Corn Exch. Bank. Jan. 1/04. 3%
6
J. & D. N. Y., Central Trust Co. June 1, 1906
5
do
do
Oct. 1, 1921
5 g. A. & O.
Apr. 1, 1934
do
do
5 g. A. A O.
7g. J. & D. N.Y., Hanover Nat. Bk. June 1, 1927
Preferred
101, 211, 809; V. 77, p. 2o97.)
&
Stocks
-
4*3 g. J.
V. 74, p. 1250; V. 77,
BoNton Terminal Co.— Owns Southern Union Depot in Boston
opened in 1899. V. 68, p. 40; V. 69, p. 591. Boston A Albany, New
England, Boston A Prov., Old Colony and N. Y. N. H. A Hartford RR.
Cos. each owns one-fifth of the $500,000 capital stook and pay as rental
in monthly instalments sums sufficient to pay all expenses, charges,
These companies are
interest on bonds and 4 per cent on stock.
Registered intlOintly liable for any deficiency in case of foreclosure.
erest payable Q.— F.; coupons F & A.— (V. 69, p. 129, 591.)
V. 76,
by
Whom.
Payable
?^fr_Pr*no1
to build 19-mlle branch.
4
Bratileboro Ac Whitehall KR.-(V. 76, p. 1299.)
Brockvllle "Westport & Northwestern By.— (V.
l»?
$700,000 being subscribed by stockholders at par in Feb., 1904,
See above. V. 75, p. 183, 347; V. 73, p.1009;
1897 to Jan., 1904
2 yearly.
3
s
Eaknings.—Year ends June 30. Report for 1898-9 in V. 69, p. 953
Int. dt taxes. Div.paid. Bal.,surp.
Gross.
Net.
Tear.
$592
$17,000
$60,080
$77,672
1902 03
$542,399
601
17,000
57,561
1901-02
75,162
485,139
-(V. 65, p. 68, 568; V. 67, p. 1000; V. 69, p. 953.)
413
.
100
c
Coal & Iron, 1st M., g., s f
Helvetia, purchase money, mort.,g.,s. f.Ce..o*
1st M.of 1902, $2,000,000. g., red.105, s.f.Co*
Buffalo dt Susquehanna RR.—Pret. stk., 4% nou-ou.
102
Jtte.o'&r
IstM., g., s. f.,red. at par
172
n. ...c*<fcr
1st refunding mort., gold (see text).
....
Buffalo <t SuK</>ieh. Ry —Stock, $10,000,000 auth..
.- o*Ar
IstM.. $6,000,000, g.. Us
Tr.
Burlington Cedar Rapids dt Northern—Stock
369
F.o*<fer
1st mortgage, lawf i\l money
Oed. Rap. I. P. AN. W., con. 1st M.,g.. guar. Ce.c
B.C.R. AN. con. 1st M. & col. trust, gold .... F.o*&r 1294
12
Minneapolis A St.Louis, 1st M., gold (assumed) .Ve
BuriinatO" dt M\y*onri Valley— 8ee> Chicaoo Bttr lingt
Rooh.
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
'90 '98
&
do
do
1881
1882
1887
1889
1595
Clearfield & Mahoning— *T
Clearfield to Beech Creek
RR. 26
Trackage—
Mahoning Valley RR
2
Erie—Mt. Jewett to Clarion J.. 21
Pitts. A West.— Butler, Pa., to
Newcastle
41
Ribold Jo., Pa., to Allegheny
Total Dec, 1903 (ffSee sepaCity, Pa
33
rate statem't for this comOther
5
pany)
500
Organization, Etc.—Successor in March, 1887, to the Rochester A
Pittsburg, which was foreclosed in Oct., 1885. Plan of reorganization
in V. 41. p. 516. The entire capital stock ($4,000,000) of the Rochester
A Pittsburg Coal & Iron Co. is owned (V. 66, p. 1088) and through that
company in May, 1896, control was acquired of Jefferson & Clearfield Coal & Iron Co. (see Miscel. Cos.) with $3,000,000 stock. For
bonds of these coal companies see table above. Clearfield & Mahoning
securities are guar. Allegheny & Western, see below. In Aug., 1901,
allied interests purchased upwards of 25,000 acres of coal lands in Indiana County, Pa., a 28-mile branch to Ernest, Pa., being completed
July, 1903; also 35 miles now under construction to reach coal lands
near Vmtondale, Pa., 18 miles being trackage. V. 75, p. 183, 347.
17-mile branch is also under construction to other coal lands in Indiana Co., Pa.,acquiredinDec, 1902, by the same interests. V.77,p.354.
STOCK.-Common stook was authorized in Nov., 1901, to be increased
from $6,000,000 to $9,000,000; of the new stock $1,000,000 was
issued Julv 1, 1902, in exchange for $1,000,000 convertible debentures, and of the balame stockholders subscribed to $1,300,000 at parthe proceeds to be used to build 45 miles of new road, the remaining
A
$2,539,680 $2,421,587 $1,883,255
$731,472
$710,158
$683,321
259
33
421
477.698
476,251
473,726
Rentals
303,114
640,994
552,365
330,425
Speoial appro'ns, etc 1,043,723
(6)360.000 (6)360,000 (6)360,000 (4)240,000
Dividend on pref
Dividend on com. .(4 ^) 313,000 (4) 240,000 (2) 120,000
sur.$157,845 sr.$90,704 sr.$205,305 sr.$325,974
Balance
* In addition to this surplus there was received from Investments and "credited directly to profit and loss account" $600,000 in 1902-U3 and $100,000 in
Total receipts
$3,076,315
Interest on bonds.... $724,049
Int. on floating debt
1901-02.
Officers.— Prest,, A. G. Yates, Rochester; Vlce-Prest., Adrian Iselin
N. Y.; Treas., J. F. Dinkey, Roohester; Sec, J. H. Hooart, N. Y.
Directors.— Henry 6. Barbey, A. G.Yates, A. Iselin, Jr., W. H. Peckham, H. I.
Barbey, Walter G. Oakman, C. O'D. Iselin, J. H. Hocart, A. Richard, W. Jfimlen
Jr..
John L. Rifeer.
N. Y. Office, 36 Wall St.-(V. 77, p. 950, 1745; V. 78, p. 228, 583, 701.
Buffalo A' Susquehanna lilt.— (See Map.) Operates a line extending from Sinnemahoning, Pa., to Wellsville, N. Y., with several
branchlines, including 'zO miles leased. Total mileage, 172. The company is extending its lines 56 miles, from Sinnemahoning southwest to
Tyler, DuBois and Sykesville, Pa., where recently acquired ooal properties are located, and in Sept., 1903, the Du Bols Southwestern RR.
was incorporated with $500,000 authorized stock to build from Sykesville to South Bend, 50 miles. V. 77, p. 768, 1301; V. 78, p. 102. In
Dec. 1903, the same interests acquired the Bradford Bordell A Kane.
V. 77, p. 2338; V.78, p. 102.
Buffalo Extension. —An extension is also being constructed from
Wellsville to Buffalo, 84 miles, under charter of the Buffalo & Susquehanna Railway. See the Ry. Co. below and V.76, p. 593; V.74, p. 1037;
V. 75, p. 76, 665. 922.
Buffalo & Susquehanh a Coal & Coke Co.-This company, the entire
stock of which is owned by the B. & S. RR., owns coal lands at Medix,
Tyler, DuBois, Sykesville, Troutvilie and Big Run, Pa. These lands
are estimated to be underlaid with upwards of 70,000,000 tons of coal
and are free from liens except a mortgage of $260,000 (on property at
Tyler), which is pledged as part seourity for the railroad's 4 p. c bonds
of 1951.
The Tyler and DuBois properties are in aotive operation.
V. 77, p. 1301.
STOCK.-Common stocK. all owned by B. & S. Ry., $3,518,000; par of
shares $50.
In 1902 $4,000,000 4 p. 0. non-cum. pref. stook was
authorized, of which $3,000,000 was sold. V. 74, p. 1037; V. 75,
p. 923; V37, p. 1302.
Dividends.— On common, 4 p. 0. for 1894 and 5 p. 0. for 1895 to Apr.,
1904, inclusive, paid Q-J.; on preferred, 1 p. 0. quarterly Mar. since
date of issue.
Bonds.—The 5 per cents of 1913 have been reduced by the operation
of the sinking fund and by refunding into 4s of 1951 to $324,500.
They are subject to call at par for sinking fund in order of numbers,
beginning with highest. V. 65, p. 234.
The 4 per cents of 1951 are secured by a first refunding mortgage on
the entire property. They also cover 3,000 acres of bituminous coal
lands at Tyler, Pa. Of the bonds not exceeding $3,760,000, including bonds set aside for refunding purposes, can be issued on the 172
miles of road, and the coal property at Tyler. Further amounts may
Roosevelt, Krnest Iselin, Oscar GrlscU,
—
RAILWAY STOCKS AND BONDS
15!)f>
GENERAL PLAN
TORONTO
[Vol. lxxviii.
CO-
OF
BUFFALO & SUSQUEHAN
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PENN.
BUFFALO & SUSQUEHANNA
RAILROAD
AND
ITS
CONNECTIONS.
:
RAILWAY STOCKS AND BONDS.
Apr., 1904.J
RAILROADS.
Miles
Date
1597
Bonos— tru 01
INTEREST OR DIVIDENDS.
Size, or
pal,When Due.
Rate per When Where Payable, and by Stocks— Last
of
Par
For explanation of column headings, Ac, see notes of
Outstanding Cent.
Road. Bonds Value.
Payable
Whom.
on first page of tables.
Dividend.
Amount
I
Cat. Northw.—lBt M., g. ($2,000,000, gu. p.&i.) s.f
California Pacific— See Southern Pacific RR.
Cambria A Clearfield— lBt M. ($2,000,000) g.GP.o"
Bell's
Gap
1st
Consol. M.
Clearfield
Pa.
not dr'n
s. f.
& Jefferson
&N.W.,
Tyrone
GuF.o*
GnP.o*
mortgage
1st mortgage.
GnP
o*
GuP.O*
gen. M., $2,500.000
1st mortgage
& Clearfield
Camden dt Atlantic—See West Jersey & Sea Sho
Camden dt Burlington County— Stock, 6 p. ct. guar.
M ,g.,gu.p.Ai.byUn N.J.RR.&Can.Co.GP.c*
Canada AW— 1st M., g., Ottawa to Laoolle, &o.Fc"
Ottawa Arnprior & Parry Sound, 1st mortgage.
1st
Central Counties, 1st mortgage, Interest rental.
Canada Mich, dt Chic.—1st mort. See
Canada Southern—Stock
V. 63, p.
838
1st M. $14,000,000 (Can. money). 8eeV.63.p.l8»
2d M. for $6,000,000. Canad'n money. Do.do.cfcr
Leam. & St. ClalrlstM., gold, gu., p.&i. (end).... e*
Can. Xo.-L. Man. Ry.<fe Can Co., $S,000 p. m. ) g
Canadian Northern Division, 8,000 per m.. g Q
Manitoba & Southeast. Div.. $8,000 per m. ° g
Gilbert Plains Branch. $8,000 per mile ... ^ _s?
Ontario Div. 1st M. deb., «72,000 are 4^8. £
60
103
30
30
46
76
136
1898
....
Manitoba Branch
—
|
30
30
138
261
38
J.
F.
<fe
A.
g
J.
-
If.
A.
J.
J.
J.
5
459
404
404
16
6
381,925
350,000
3,450,000
g
i
1,000,000
• • a
5
.
380,000
....
1,000 Worthless.
100
15,000,000 See tej t.
1878
5
1,000
14,000,000
1883 l.OOO&c
5
6,000,000
1895
4 g.
1.000
130,000
....
1896
....
25
.
....
....
287
J.
1,000
1,000
F.
...
1897
1889
1900
•
....
....
£100
£100
£100
£100
£100
1902
1.000
....
....
$500
£100
fiib'6
....
1902
1903
$1,000
$or£
sition of additional road; also for new termiu.lt, control of coal properties and for new equipment.— V. 73, p. 619 Total authorised ia*ue.
$15,000,000, but additional amounts at $15,000 per mile may be issued for double- traoklng mileage already covered by the mortgage.—
V. 73, p. 619, 899. A sinking fund of 3 cents per ton of coal mined is
provided for, to be Invested in the bonds if purchasable at not exceeding 110 p. o., otherwise in sa vlngsbank securities.
Gross, $649,534; net, $221,418
Earnings.— 8 months, ) 1903 4
$1902-3
Gross, 661,036; net. 300.259
Julv 1 to reb. 29.
Surplus over 8 mos. charges, $232,398 In 1903-4, agst. $263,197 in
19023.
Report.— Report for year ending June 30, 1903, was given at
length in V. 77, p. 1289, 1*01 (see editorial, p. 1257). showing gross,
$1,000,752; net (over taxes), $432,460; other income, $100,335; totalnet
Income, $532,795; interest and rentals, $147,90*; dividend on common
In 1901-02. gross,
» 175,900; div. on pref., $50,983; bal.. $158,007.
$835,748; net, $357,269.- (V. 77, p. 1289, 1301, 2338; V. 78, p. 102.)
Buffalo
Sifqiekanoa Ry.- Has under construction a line
from Wellsville to Buffalo, N.Y., 84 miles, as an extension of the Buffalo & Susquehanna Railroad (which see above). Upon completion
of this line the B. &. 8. RR. will be leased for 999 years for interest on
bonds and a guaranteed dividend of 4 p. o. yearly on the pref. stock.
The B. & 8. Ry. Co. has acquired the entire common stock of the B.
& S. RR. Co., and It will thus control, upon the completion of its line,
a railroad extending from Buffalo, N. Y., to Sykesville, Pa., which with
Its several branches will have a total mileage of about 325 miles. The
Buffalo & Susqu«banna Coal * Coke Co. (V. 75, p. 922,) will also be
controlled. (See V. 76. p. 593.)
The Buffalo
Susquehanna Iron Co., a closely affiliated corporation,
Is erecting on a tract of land adjoining the terminal property of the B.
& S. Ry. at Buffalo two blast furnaces (See V. 75, p 922.) The Railway company will transport all the coal and coke.
Stock.— Authorized, $10,000,000; Issued, $7,117,200; par $100.
Bonds.—The first 50-year gold *»» (authorized issue, '$6,000,000,
of which $5,000,000 were underwritten by a syndi< ate in Feb., 1903.)
are secured by a first lien on terminal property at Buffalo and the 84
miles under construction in New York State; also by deposit with the
U. S. Trust Co. of the entire oommon stock of the B. <fe S. Railroad
Company— (V. 74, p. 1040). See V. 76, p. 593. (V. 77, p. 1532 )
"Burlington."— See Chicago Burlington & Qdinct RR.
&
&
Uuri in- on Cedar Rapids Ac Northern Ry.— Operates
Lines owned in fee
Leased All slock owned
Burlington, la., to Erin, Minn.
Iowa City & Western RR
73
(less 11 jointly leased)
296 Cedar Rapids, I. F. & N. W.,
Branches owned to Postvllle,
Holland, la., to Watertewn,
Riverside, Holland, eto
310
So. Dak.,&o
511
Leased—
Ced. Rap. & Clinton RR.. &o. 109
Manly Jo. to Northwood,
14 Trackage (over C. M. & St.P.) 45
Total operated Jan. 1,1902
1.355
History.— The Chicago Rock Island & Pacific Ry., which in Jan.,
1903, had acquired all ex«ept $189,700 of the $7,121,740 stock, leases
the road for 999 years from June 1, 1902, on a basis of fixed charges
and 6 p. c. on stock; the minority stock was exchanged, $ for $, for
stock of the Chic. R. I. & Pao. Ry. V. 74, p. 1194, 1354; V. 75, p. 28.
Dividends— J '93. '94. '95. '96. '97. '98. '99. '00. '01. '02
Since
Per cent. 1 3
See"History''
Bonds.— Of the 5« of 1884 (Central Trust Co., Trustee), bonds are
reserved to retire, if deemed best, all prior and divisional bonds. For
extensions bonds may be issued at $15,000 per mile for single and $7,500 per mile for second traok, the total author. Issue not being limited.
Under C. R. L & P. 4 p. c. mortgage of 1904 bonds are reserved to take
up consols issued to retire prior bonds. V. 78, p. 234.
Minneapolis <* St. Louis bonds due June, 1927, numbered from 1,101
to 1,400, for $500 eaoh ($150,000 in all), have been assumed.
Report.— Report for 1901 was in V. 74, p. 1249; none sinoe.
Tear ending Dec. 31— 1901.
1900.
1899.
1898.
Miles oper Deo. 31
1,299
1,287
1,171
1,136
Gross earnings
$5,360,607 $4,848,277 $4,926,933 $4,545,643
Net earnings
1,852,593
1,250,842
1,432,761
1,430,821
Other receipts
102.714
260,98 1
60.123
123,101
Total net income.. $1,955,307 $1,511,823 $1,555,862 $1,4«0,944
Interest on debt
$792,200
$791,150
$795,275
$799,400
Dividends
(6)427,239 (8)440,000
(8)440,000 (4)220,000
Miscellaneous
19,977
66,893
18,045
....
Surplus
$7X7,823
$260,696
$320,587
$404,651
-(V. 75, p. 28, 288, 1146; V. 76, p. 1142, 1191.)
Butte Anaconda Ac Pacific Ry.—See Stjpp. for Jan, 1903.
Calgary Ac Edmonton Ry.—See page 1746.
California North western Ry.— Operates under lease the San
Francisco & North Pacific Ry., extending from Port Tiburon, Cal.
(whence ferry to San Francisco, 6 miles), to Ukiah, Cal., 106 miles, and
branches, 59 miles. Also, in Sept., 1900, began to build an extension
60 miles into the redwood forests of Mendooino and Humboldt counties, Cal., of which Ukiah to north of Willits, 30 In., are in operation,
and 10 miles additional were completed in Oct., 1903.
Stock, $3,000,000; issued, $1,566,000; par, $100. Bonds are issuable
at $25,000 per mile, being guaranteed by San Francisco & North Pacific,
1
—
334 448866
—
-
O.
San Fran.
& New
1928
Jan.
1,
1,
1,
1,
1,
2,
1941
1905
1913
1927
1930
1912
St. Stat'n.
Broad
do
O.
J.
J.
J.
St. Stat'n Jan.,
J. Phila.
J.
1,
Broad
do
do
do
do
do
J. Phila..
A.
A.
York. Apr.
,
do
do
do
do
do
Aug.
Apr.
Jan.
Jan.
Jan.
1904, 3%
Feb. 1, 1927
Jan. 5, 1909
do
N.Y.,Bk.Mont., & Mont.
•
be issued at not over $25,000 per mile for the construction or acqui-
—
5
6
6
5
&
&
&
&
&
&
&
&
&
&
g.
BE.
-ivj
lines, $1<»,000 p. m. Text J r+
Gunflint Branoh, $10,000 per mile
Manitoba Provincial bonds, $8,000 per mile
Perpetual consol. debenture stock
Deben. stock, $13,000 p. m, guar, by Can. Gov't
1st land grant M., red. 110 (V. 75, p. 183,549)..
Imperial Rolling Stock, IstM., ser.A.partduey'ly
do
ser. B, $2lO.O(H> due y'lv
do
5
1,279,000
81,000
145,000
1.000.000
1,021,000
1,000,000
1891
1,000
1880
1,000
1883 500 <feo.
1886 500 &o.
1890
1,000
I
Manitoba, Branch lines. »8 000 per mile
$748,000
$1,000
£205.400
£-.90,900
£177,300
£44,700
£1,180,600
J.
M.
A.
A. N. Y y Gr. Cent. Station, Feb. 1, '04, Ha
J. N. Y., Union Trust Co.
Jan. 1, 190b
S. N. Y., Union Trust Co
Mch. 1, 1913
O. Montreal, Bk. of Mont Oot. 1, 1945
&
&
&
4
4
4
4
Aug.
4&4^g J.&D^o
$1,400,000
See text.
$669,000
$349,000
4
3
$2,000,000
1,2"0,148
2.10O.000
4
London, EDg.
Irredeemable.
4
£400,000
See text.
London and Toronto.
1926
1929
1, 1929
Nov. 1, 1930
June 30,1930
June 30 1930
1930
June 30. 1930
Oot. 1, 1930
Feb.
Feb.
4
4««
4
5
5
J.&D^?o
g.
g.
F.
M.
F.
& A.
& N.
& A
1,
1,
1953
Nat. Tr. Co. Tor. or Lon
Feb. 1, IP 19
N.Y.C.Bk.of Com.or Tor Nov. 1, »f 4-12
do or London, Eng, Aug. 1, '04, '13
,
leased for net profits for 20 years from Sept. 20, 1898. Pres., A. W.
Foster; V. -Pres., Geo. A. Newhall; Sec and Comp., Thos. Mellersh.
(V. 67, p. 370. 688, 788; V. 73, p. 444; V. 76, p. 751, 1142.)
Cresson Jet. to Hoover's Mill
The Cambria 4c Clearfield
Branch Jet., 50 miles; Bellwood to Horatio, 62 m.; Cresson to Irvona,
27 m.; Ebensburg to Dilltown, 19 m.; Vail to Grampion, 50 m.;
branches, 161 miles; total, 369 ra. A consolidation Aug. 1, 1903, with
the Penn.
Northwestern, Millersburg RR., Cresson
Irvona, Ebensburg
Black Lick and Tyrone & Clearfield. V. 78, p. 828. Stock,
$4,813,800, owned by the Pennsylvania RR. Co., which operates the road.
A full abstract of the mortgage scouring 5s of 1891 was in V. 52, p. 976.
Of these bonds, $624,000 were on Jan. 1, 1904, owned by the Penn .
RR. There are also outstanding $10,000 Ebensburg
Bl. Lick 1st 4s,
due Apr. 1, 1930. In year 1902, 103 miles gross, $623,193; net. $141,180; interest and taxes, $88,839; extraordinary expenses, $57,341.
In year 1901, gross, $488,768; net, $114,177. (V. 77, p. 195, 298.)
Ac Burlington County
Owns from Camden, N. J.,
to Pemberton. N. J., 23 miles; branoh, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by the Pennsylvania RR, which
guarantees 6 per cent on stock. Stock, $381,925; par $25. Dividends
in January and July. In 1903, gross, $331,598; net, $21,213; loss to
lessee under rental, $16,202. In 1902, gross, $298,212; net, $52,81 0.—
—
RR.—
&
&
&
&
RR.—
Camden
(V. 64, p. 373.)
Canada Atlantic lty.—(8ee Map Great Northern Railroad of
Canada.)— Owns Depot Harbor, Ont., on Georgian Bay, via Ottawa, to
Vermont State line, 400 miles trackage to S wanton, Vt., etc., 10 m.;
leasee for 99 years from the Central Counties Ry. branoh from Glen
Robertson to Hawkesbnry, 21 miles, and branch, South Indian to
Rockland, 17 miles, and from Pembroke & Southern Ry. branch from
Pembroke to Golden Lake, 21 miles, at 25 percent of gross earnings;
total, 468 miles. The company runs through trains to Montreal, using
the Grand Trunk Ry. from Coteau, Montreal, 37 miles, under a traffic
oontraot. In Aug., 1899, absorbed Ottawa Arnprior & Parry Bound.
The Canada Atlantic Transit Company, organized in 1899 with
$1,000,000 stock, operates a fleet of steamers from Parry Sound to
Duluth, Milwaukee and Chicago. V. 69, p. 954. The Great Northern
Ry. of Canada, together with the Canada Atlantic, forms a short
throngh route for ocean-bound freight from Parry Sound to the deep
water docks at Quebec— V. 70, p. 279.
Stock, $6,200,000 common and $1,000,000 preferred, all issued.
Report— For 1902-3 in V. 77, p. 2157, showed: Gross, $1,908,025;
net above taxes and rentals, *691,o90; net earnings of steamships,
etc.. $9,451; net revenue for int., etc, $700,540.— (V. 77, p. 2157.)
Canada Michigan Ac Chicago.—Bonds worthless. V. 63, p. 838.
Canada Southern Ry.— f See Map New York Central dt Hudson R.
Railroad.)— Ro ad—Main line from Suspension Bridge station, including the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc, 231 miles; total, 457 miles, of which 100 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
London, Ont., 15 miles. Double track. 135 miles.
Organization, Etc.—The company was chartered In Canada February 28, 1868, and debt readjusted in 1878. In 1903 made a new
lease to the Mleh. Cent, for 999 years, the latt«r guaranteeing dividends on the stock at 2^ p. o. yearly to 1910. thereafter 3 p. c; also
authorized a mortgage to retire the existing bonds at maturity and provide for improvements. V. 76, p. 1191, 1247; V. 77, p. 950.
Dividends.— 1889 '90 '91 '92 '93 '94 '95 '96 '97-01 '02 '03 1904
Sinoe 1888
2*3 313 2^ 3
3 3 213 2*s 2y'rly. 2*3 2 Feb.,H3
Annual Report.— Prelim'y report for 1903 in V. 77, p. 2387; Canada
;
So. share of earnings, $375,500; divs. (2i2%)$375,000 bal., surplus
for year, $f>00.
In 1902 Canada So. share, $310,167. Total sur. Jan.
l,1904,$26,227.-(V.77,p. 2387; V. 78, p. 47.)
;
Canadian Northern Ry.— Operates
Lake Superior,
to Winnipeg,
and thence
from Port Arthur, Ont., on
into Northwestern Canada,
eto., viz.:
Miles.
Port Arthur to Winnipeg
Stanley Jet to Gunttiut
Winnipeg to Grand View
to Learys
Carman Jet.
Delta Jot. to Delta
Neepawa Jcto McCreary Jet.
Miles.
439 Gilbert Plains Jet. to Erwood 191
67 Sifton Jet. to Winnipegosls..
21
207 Portage Jet. to Pembina
65
63 Morris to Brandon
145
15 Hartney Jet. to Hartney
51
74 Emerson to Ridge ville
12
Total Mar., 1904 (including 351 m. leased from N. P.)
1,350
There are also under construction 620 miles from Grandview to
Edmonton and 100 miles from Prince Albert easterly and between
300 and 400 miles of branch linss in Manitoba. See Bonds below.
Organization.— William Mackenzie of Toronto, Senator George A.
Cox and the Canadian Bank of Commerce are floating the enterprise.
The Great Northern Ry. of Canada (see that company) and affiliated
lines passed In 1903 under control of Northern Consolidated
Holding Co., and with the Canadian Northern will afford a through
line to Quebec and Montreal. V. 76, p. 704.
The Manitoba lines of the Northern Pacific Ry., 351 miles, are
sublet from the Provincial Government for 999 years from May
30, 1901, at $210,000 annually for first 10 years, then $225,000
for 10 years, then $275,000 for 10 years, and thereafter $300,000, with
the option of purchase at any time for $7,000,000. The Manitoba Gov-
—
.
s
RAILWAY STOCKS AND BONDS.
1598
RAILROADS.
Date
Size, or
Canadian Pacific—8tock
Consolidated perpetual debenture stook
8ECDRITIK8 OF PRINCIPAL LEA8ED, ETC., Li NE8.
Manitoba 8. W. Col. R'y $12,000 p. m., int. guar.g 218
Atlantic & Northwest— 1st mort. gold, guar..o*<fer 350
58
St. Lawrence <& Ottawa— 1st mort., gold, see text
Ontario & Quebec stook guaranteed in perpetuity
671
Ont. & Que. deben., Interest guar. In perpetuity.
Toronto Grey <fe Bruce, 1st M., gold, int. as rental. 191
Hew Brunswick Ry.lstM.,gold,int.fromrental.o* 174
Perpetual consol. debent. stook, Int. guar
Calgary & Edmonton deb. stook, Int. as rental.
Minn. St. P. <te S. 8te. Marie and Duluth So. 8ho rel&A
Cane Belt— 1st mort., $3,000,000, red. aft. 5 yrs., g. All
o*|
Cape Breton Ry —1st M., $2,400,000 g.S
Carolina Central— Bonds— See Seaboard Air Li nb Ry
41
Carolina Northern—1st mort., $500.000. GuP
Carson <£ Colorado— 1st M., gold, sink. fd.]?Ip.c*<fer 300
Carthage <£ Adir.—lut M. $1,600,000 g. gu.,U n.o*<fer
Carthage Water. Sack. liar.— 1st M. g.,gu.p.&i.end.
Oatasauqua <£ Fogelsville 1st mortgage, g.PeP.o*
Oalawissa— Pref stocks, 5% gu. P. & R. Ry. See text.
—
.
0'
W
Bur
46
29
"98
103
16
1880
82-'83
1885 £100 &o
1888 £100<fcc
1888 £100 &0
1889 £1 &c.
£1
£100
£100
£1
1883
1884
tlantic
1901
1901
in 1929.
See
be sold
than $3
bonds, unguaranteed, $2,000 per mile. SeeV. 75, p. 1353; V. 71, p. 235.
In July, 1 903, the Canadian Government guaranteed 50-year debenture stock at $13,000 per mile, with interest at 3 per cent yearly, for
the construction of 620 miles from Grandview to Edmonton and 100
miles from Prince Albert easterly. V. 78, p. 1274. In March, 1903,
the Province of Manitoba agreed to guarantee $10,000 of 4 percent
bonds per mile, maturing 19 -iO, between 300 and 400 miles of branch
lines to be constructed. V. 78, p. 1274. Total, 720 miles.
In March, 1904, authority was asked to make a consolidated issue
of securities in place of certain divisional bonds, with the right to
make further issues from time to time; also to purohase the Northern
Extension Ry. V. 78. p. 1222.
The Ontario Division 4>«8 (see V. 72, p. 338, 437,) were mostly
In 1902 exchanged for an equal amount of 4s, guaranteed, principal
and interest, by the Government of Manitoba. V. 74, p. 882; V. 75,
p. 1398 V. 71, p. 235. In 1903 $2,000,000 perpetual consolidated debenture stock was issued to acquire securities of controlled properties.
V. 76, t>. 1247; V. 77, p 87. As to Imperial Kolling Stook 5s of 1902,
see V. 75, p. 1353; of 1903, V. 77, p. 1746, 1873.
Earnings.— For 7 mos. ending Jan. 31, 1904, gross, $1,939,800!
net, $673,700. For year ending June 30. 1903, gross, $2,449,600!
net. $860.30": charges. $637,400: sur., $222,900
President, William Mackenzie; Vice-President, D. D. Mann; Treasurer. A. W. Mackenzie; Secretary, W. H. Moore. Office, Toronto, Can.
Directors- Wm. Mackenzie, D. D. Mann, Z. A. Lash. Frederic Nioholls
and J. M. Smith.— (V. 77, p. 2279, 2389; V. 78, p. 701, 1222, 1274.)
;
—
Canadian Pacific Ry.—Road Own a trans-continental railway
from Montreal to the Paoiflo Ocean, made up as follows July 1, 1903.
Montreal to Vancouver
2,905 Under construction July 1,
Branches and auxiliaries
2,068
1903
364
Leased lines
2,683 Operated acct. of owners
873
92
Also controlled but op. sep.
Used Jointly
& Sault Ste. M.1,469
M Duluth South S. & Atlantio 565
Total in traffic returns
7,748
II See each co's statement.
In Jan., 1904, 115 miles of branches were opened.
History, etc.— incorporated Feb. 18, 1881, under charter from Dominion of Canada, receiving $25,000,000 in cash as a subsidy, also
25,000,000 acres of land, all to be fit for settlement. The Ontario
& Quebec. Montreal to Toronto Junction, 334 miles, was leased in 1883
for 999 years, and its stook and bonds guaranteed. In 1902 leased for
999 years the Ottawa Northern & Western Ry., extending from Ottawa
via the Interprovinoial Bridge to Hull and Gracefleld, Que., aud from
Hull via Ay liner to Waltham, Que., a total of 151 miles, and under construction from Hracefield to Mauiwaki, 23 miles. V.73, p. 1161; V. 74,
p. 937, 988; V. 75, p. 732. In Feb., 1903, 15 steamships for transAtlantio service were purchased for £1,417, 500, and in June, 1903. acquired Canadian Pao. Navigation Co., operating 14 steamers, ohieily to
Alaska and Vancouver Island points. V. 76, p. 435, 479, 1354.
Stock.—The company bought of the Dominion Government an annuity of 3 p. c. per annum on the common stock for the ten years 18841893, the last payment having been made in August, 1893. The issue
of preferred stock must never exceed one half the common stook. In
1902 the authorized common stook was increased from $65,000,000 to
$85,000,000, *10. 500,000 of the new stock being sold to the stockholders at par. V. 74, p. 267, 378, 829; V. 75, p. 553, 665. In April,
1903, proposed lo issue i p. o. consoliuated stock In place of treasury
TTMinn. St. P.
V. 76, p. 809.
'90-*94. '95. '96. '97. '98. '99. '00. '01 '02. 03.
'04.
5 y'rly
2*2 2** 4»a 4 5>{ 5
5
5>s Apr 3
> Issued In 1894.
4 p. ct. yearly (2 A *0.)
In 1903, on common, April, 2*$ p. o.; Oct., 3 p. o. V 77, p. 348.
)
,
.
Bonds, Di;uknti;ue
Dividend.
& O. N. Y.,59Wall8t. &Lon.
& O. London, Co.'s office.
Montreal.
Various
41 2
A. & O.
Montreal.
5g. J. & J. London, Baring B. & Co.
do
do
5 g. J. & J.
do
do
3 lag. J. & J.
4
J. & J. London, Comp'ys offloe.
5 g. J. & D. N. Y., 59 Wall & London
5 g. J. & J. London, Baring B. & Co.
15J.&D. Can. Pao. office, London.
(6) 4
6
J. & D. Montreal and London.
5
J. & D. London, Morton, Rose.
4 g. J. & J. Toronto and London.
London.
5 g. F. & A.
do
4
J. A J.
text. A.
4
6
A.
Apr. 2, *04, 3%
Apr. 2, '04, 2%
Nov. 1, 191U
Mar. 1, 1906
July 1, 1915
July 1, 1937
July 1, 1938
Irredeemable.
June
Jan.
Stock, GOAKASTBBD Bonds, Etc.— In May,
1888, the company relinquished its exolusive right to operate in Man!
toba lines to the International Boundary, receiving the Dominion Government guarantee of interest on $15,000,000 of land bonds. These
bonds were a lien on 14, (HO, 100 acres of land. The proceeds of lands
covered thereby are being deposited with the Government from time
to time towards liquidation of the company's liability; to Oct., 1903
$1,500,000 was so deposited. V. 77, p. 030, 1221.
List ot Beooritles held against consol. debenture stock in V. 77, p. 637.
In June, 1890, company agreed to guarantee the principal and interest of $20,000,000 4 per oents, to be issued by the Duluth South Shore
A Atlantic; also 4 per cent interest on consol. bonds of the Minneapolis
St. Paul A Sault Ste. Marie and in 1899 interest on the 2nd mortgage
4s of the latter, and in 1901 interest on $1,251,000 Mineral Range 4
per cent bonds, ttie last-named being all owned June 30, 1903. See
1,
1,
1934
1937
See text.
Dec, 1903, 3%
Irredeemable.
July 26, 2882
Aug. 1, 1934
Irredeemable.
st
Cedar Ra
STOCK.—June 30, 1903, authorized $25,750,000; all paid up.
Bonds.— On Winnipeg and Saskatchewan divisions there have been
Issued first mortgage bonds, guaranteed prinoipal and interest by the
Government of Manitoba, at $8,000 per mile; also second mortgage
[
£630,000
£8*8.300
1899 500 &0.
1892
1,000
1892
1,000
1891
1,000
1898
1,000
50
1,000
1898
1885
1.000
1885 100 &c
30
ity for a mail oontraot subsidy, the remaining 1,500,000 to
from time to time through a selling agency at not less less
per acre. V. 76, p. 1083. See V. 75, p. 183, 549.
p. c.
Preferred p.o.
£4,007,381
£719,000
Whom.
Payable
£1,121,700
4
J. & J. Can. Pao. offloe.London.
atements of those co mpani e[ 8.
1,000
750,000
5 g. J. <te D. New York or 8t Louis. June
1,000
500,000
5 g. J. & J July,'02, notpd.wh.due July
—See
Land Grant.— Ol the entire land grant, 2,455,466 acres, about 363 000 are held for account of Manitoba Government in connection with
guaranties, 533,000 for account of Dominion Government as secur-
Common
32,500,000
973,333
7,000,000
34,998,633
3,650,000
13,500.000
80,846,802
1884 $1,000
2,544,000
1887 £100 &0 £1,330,000
1876 £50<teo
£200,000
100
2,000,000
34
LINGT on
ernment has the option to purchase the entire property
below and V. 72, p. 437; V. 73, p. 615.
Dividends—
Rat©
Cent.
£100
£100
r
269
Canada Central RR. 2d mortgage (now 1st)
Suebeo Prov. due on Q. M. O. & O. and N. 8. RR. 370
3,221
an. Pacific, 1st mortgage debenture sterling
183
o*<fer
1st mort. on Algoma Branoh, gold
Land grant bonds, int. gu. by Can. Gov't... C&r
1st consol. mort., $'2,215,000, gold.PeP
Oatekill Mountain— First mortgage
1st Income bonds
Cayuga <fi Susq.— Stock, 9 p. o. rental D. L. &
Cedar Rapids Iowa Fulls <& Northwestern—8ee
Amount
100 $84,500,000 8ee
(Bee text)
Pref. stock limited to 4 p. c, non-cumulative
securities.
Bonos— Prinoi
INTEREST OR DIVIDEND8.
pal, When Due.
per When Where Payable, and by Stocks— Last
•
Miles
Par
of
of
For explanation of column headings, &o. see notes
Road. Bonds Value.
on first page of tables.
<f.
[Vol. lxxviii.
$425,000
5
2,000,000
1,100,000
4
4
g.
gg.
g.
g.
300,000
5
135,000
4
3,200,000
5
2,215,000
4 g50,000
5
238,000
6
589,110
9
PIDS & NOBT HWESTE
A.
J.
J.
M.
A.
F.
J.
&
&
&
&
&
&
&
&
&
D.
J.
J.
N.
O.
A.
Gu.T.
& S. D.Co.
Divld'd pd. Sept. 10,'97.
J
1921
2001
Apr. 1, 1929
July 1, 1941
N.Y. Grand Cent.Stat'n Deo. 1, 1981
do
do
July 1, 1931
Philadelphia, Pa.
July 1, 1928
Philadelphia Co.'s offloe Nov. 19/03, 2 1«
do
do
Apr. 1, 1948
Csklll.N.Y., Tan.NLBk. Aug. 1, 1905
O. Phila.,
J.
1,
2,
New York,
52 Wall
St.
Aug.
1,
1915
Jan.. '04, 4ifl%
EN.
V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68, p. 669, 770; V. 73, p.
556. Owns Dul. 8. 8. & At. consols. $15,107,000.
To the Atlantic <£ Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest money.
St. Lawrence <£ Ottawa bonds are endorsed with the Canadian Paoiflo'
acceptance of a 999 years' lease at a rental sufficient to pay 4 per cent
interest on bonds, and the bondholders' agreement to accept interest
at 4 per cent (instead of 6 per cent as formerly) and to refrain from
demanding principal (due 1910) during continuance of lease.
The New Brunswick Railway consolidated debenture stook has
interest guaranteed by C. P.; interest on the first mortgage bonds,
though not guar, is paid out of rental under 990 year lease of 1890.
The Calgary A Edmonton Ry. debenture stock Is guaranteed interst at 4 per cent under new lease of 1903. V, 76, p, 435; V. 77, p, 636.
The Ottawa Northern & Western Ry. loan issued in 1902 under
the lease is for $20,000 per mile of road and #1,000,000 for the Interprovinoial Bridge at Hull across the Ottawa River. V. 75, p. 793.
Lands.— Lands unsold June 30, 1903, were 1 1,489,359 acres of Canadian Paoiflo grant and 405,705 aores of Manitoba South Western
grant, 186,712 Great North West Central grant, 3,598,987 British Columbia Southern and 160,431 acres of Columbia and Kootenay grant;
total. 15,841,194 acres. In addition there will be aoquired through
the Columbia & Western Ry. about 2.500,000 aores. Total sales in
1902-03,2,639,617 acres, for $9,695,673.
As to land grant bonds of 1888, see V. 75, p. 793; V. 77, p. 636.
General Finances.— In 1902 stockholders subscribed to $19,500,000
new common stook at par, the proceeds being used for equipment and
improvements, together with $3,000,000 appropriated from the surplus
,
earnings fund. V. 74, p. 378.
In 1902-03, £273,0S2 pf. stook and £764.350 oonsol. deb. stook were
sold to cover oost of Paoiflo coa-tt steamships and bonds of companies
whose interest Is guaranteed. Stockholders on Oot. 7, 1903, autho
rized the issue of £1,417,500 oonsol. deb. stook to purohase 15 steamships for Atlantio service and expenditure of $9,500,000 for equipment and improvements; also other disbursements, etc. In Dec, 1903,
£2,803,000 deb. stock was sold on account ot these expenditures. V.
77, p. 636, 1221, 2279, 2389.
Earnings.— 8 mos., ) 1903-4.... Gross, $30,344,949; net, $9,108,242
July 1 to Feb. 29. J 1902-3.... Gross, 28,490,653; net. 10,455,696
For 6 mos. ending Dec. 31. 1903, net, $8,668,048, against $8,796,184
in 1902; charges, $2,731,265; dtv. on common (3 p. o.), $2,535,000;
div. on pref. (2 p. a), $650,000; bal., sur., $2,751,783.
Annual Report.— Fisoal year now ends June 30. Annual meeting is
held at Montreal on the first Wednesday in Ootober. The report for
1902-3 in full was in V. 77, p. 624, 636. See also editorial p. 608.
1902-03.
1901-02.
1900-01.
Miles operated end of year
7,748
7,5^8
7,563
Passenger earnings
$11,001,974
$9,359,522
$8,083,370
Freight
28,502,082
24,199.428
18,983,186
Mail, express and misoell
4,453,318
3,944,104
3,788,648
Total earnings
$43,957,374
$15,836,846
1,286,812
$37,503,054
$14,085,913
958,827
$30,855,204
$12,109,376
933,425
$17,123,658
Fixed charges
$7,052,196
For steamships
150,000
Dividends on oommon sfk. (5^)4,647,500
Dividends on pref. stock
(4)1,300,000
$15,044,741
$13,042,801
$7,305,835
150,000
(5)3,250,000
Net earnings
Interest received
•>7,334.824
(5)
(4)
150,000
3,250,000
1,246,840
(4)1,222,506
Balanoe. surplus
$3,973,962
$3,063,077
$1,114,460
New directors, Aug., 1903, V. 77,p.348— (V. 78, p. 47, 701.)
Cane Belt
Bealyto Matagorda, 93 miles. Branoh to Garwood, 9 miles, building. Linooln Trust Co. of Rt. Louis is the
mortgage trustee. Bonds are issuable at $15,000 per mile, but all
bonds above the $750,000 now outstanding will bo in subordination
to the lien of the latter ou the present mileage. V. 77, p 2338. Stook
$100 000, all acquired in Nov., 1903, by the Atch. Top. & Santa Fe.
V. 77, p. 20*7. Year ending June 30, 1903. gross, $207,971; net, $17,227. President, Jonathan Lane, Houston, Tex.; Sec, I, P. Fell. Office.
Eagle Lake, Tex.— (V. 77, p. 1873, 2097, 2338.)
Cape Breton By.— In Sept., 1903, road completed for 30
miles east of Port Hawkesbury on the way to Louisburg; Subsidy
$9,600 per mile. Controlled by the Dominion Securities Co. (see V.
73, p. 393; V. 74, p. 986>, which owns 95 per cent of the stock. In
Oot., 1902, a reorganization committee, James G. Cannon, Chairman
(Trust Co. of the Republic depositary), requested deposits, but no
plan had been arranged to Oct., 1903. V. 75, p. 732. Stook, $1,000,000, all outstanding; par of shares, $100; mortgage for $2,400,000
authorized in July, 1901. President. Myron E. Evans, Offloe. No. 22
Pine Street, N. Y. City.-(V. 74, p. 775, 986, 1088; V. 75, p. 28, 732.)
Carolina Central
See Seaboard Air Line Ry. Co.
Carolina Northern Bit.— Owns from Lumberton, N. C, to Marion, S. O, 41 miles. W. G. Edwards of Sanford, N. C, is now receiver. Receiver's certificate (6s) outstanding June 30, 1903. $20.065. V. 76, p. 211. Stook, $500,000, all outstanding; par of shares
$10. For year ending June 30, 1903: Gross, $17,846; net, $16,585;
total deductions, $25,752.— (V. 75, p. 1252; V. 76, p. 211.
BB.—
KB.-
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1599
1
.
RAILWAY STOCKS AND BONDS.
000
KAILKOAD8.
JTor
)
.
.
Miles
explanation of column headings,
on
first
page of
<fec,
see notes
Date
1898
1899
1895
1895
1895
1895
1901
1897
1896
1901
1897
1895
1895
1895
1887
Me
Co*
Locomotive
notes,
500
i'ooo
1,000
92
125
collateral
& Northwestern Ry.— Owns
1900
1903
1,000
1,000
100
100
58
58
12
FP
a Balance, $32,347,000 retained as
1899
1899
1890
for notes
by
U. 8
standard-gauge road
to Lenoir, N.
Reorganization in 1897 of Chester & Lenoir, foreclosed.
In Mai 1900, nearly all stook was acquired by a syndicate. Stock
authorized, $1,000,00*0 each of oommon and 4 p. c. non cum. pref.;
outstanding, Aug. 1903, $859,650 common, and $550,000 pref.
stock. Of the 50 year 1st gold 5s, due July 1, 1953, (Sandard Trust
Co. of New York, trustee), $1,500,000 were used to retire all underlying bonds and $1,000,0 X) »re applicable to extensions, new equipment, etc. Year 1902-1903 (110 miles), gross, $193,261; net, $61,834;
charges, $23,776 bal., sur., $38,058. Prest., Wm. A.Barber. 5 Nassau
St., N. Y.-V. 70, p. 893,1095; V. 76, p. 541; (V. 77, p. 348.)
tains. 45 m.
,
;
Cartton & Colorado Ry.— (3-foot gauge.)— From Mound House,
Nevada, to Keeler, Cal., 294 miles; branch, 6 miles. In 1900
substantially all the stook and all the bonds were acquired by the
Southern Paclfto and tne road will be broad-gauged and extended
northerly to a connection with the Central Pacific and southerly to
Moiave on the Southern Pacific, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For year 1902 03 gross, $466,205.
Carthage
&
Adirondack. Ry.— (See Map N.
T. Central.)— Owns
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
500,000, is owned by the New York Central RR., which in May,
? 893, leased the property in perpetuity and guaranteed Its $1,600,000
bonds, of which $500,000 were for extensions, eto. (V. 57, p. 218.)
Carthage Watertown & SacKell's Harbor RR.— (See Map
)— Owns from Carthage to Saokett's Harbor, N. Y., 29 miles.
if. F. Central.
Controlled by N. Y. Central, which owns $484,100 of the stock and
guarantees the bonds. Leased to R. W. & O. for 37*3 p. o. of gross
earnings. Rental in 1902-03, *42.525; in 1901-02, $44,448; 1900-01,
$39,825. Capital stock $465,845 common and $21,500 preferred.
Catasauqua A Fogelsvllle RR.— Road from Catasauqna, Pa., to
Rittenbouse Gap, Pa., 295 miles. Opened In 1857; in 1890 the Phila
delphia & Reading acquired control through ownership of a majority of
the oapital stock of $426,900 (par, $25.) Of the stock $254,125 la owned
by Readiug Co., $251,625 being deposited as part security for Read,
gen. mort. of 1897. For year ending June 30, 1903, gross, $11 J ,980.
net, $62,163; deductions. $9,580; dividends, S29.883; bal., sur., $22,700"
RR.—Owns from Tamanend, Pa., to Newberry Jo., Pa.,
and branches, 5 miles. Re-leased Deo. 1, 1896, for 999 years
to Philadelphia & Reading Railway. Rental, Interest on the bonds, 5
p. o. dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. Bee also V. 63, p. 969, 1116. Of the preferred
stocks in 1903 $2,200,000 was first preferred and $1,000,000 second
preferred and oommon was $1,159,500; par $50.— (V.72, p. 1187.)
Catskill Mountain Railway.—Owns narrow-gauge road from
Catskill, up the Catskill Mountain, to Palenville, N. Y., 16 miles leases
Cairo RR., Cairo Junotion to Cairo, N. Y., 4 miles; total, 20 miles.
Stock, $89,000. There are also second incomes for $15,600 6 p. o.
Earnings.—Year ending
First tnoomes have one vote for each $100.
Catawlssa
98
miles,
;
June 30, 1903,
gross, $51,173; net, $16,481; interest, etc., $11,851.
Cayuga & Susquehanna RR.—Owns from Susquehanna River
Ithaca, N. Y., 34 miles. Leased during length of charter and renewals thereof to the Delaware Lackawanna & Western at a rental of
ti
Corporate existence for 50 years from Jan. 1, 1900.
Central Branch Ry.—Owns Lenora to Atchison, Kan., 293
miles; Jamestown to Burr Oak, Kan., 33 miles; branches, 62 miles.
The $3,459,000 1st 4s of 1899 are guaranStook, $7,585,000.
teed, prln. and int., by the Mo. Pao. (see V. 68. p. 329). Form of guarFor calendar year 1903, gross, $1,569,673; net,
anty V. 70, p. 279.
$656,764; other reoelpts, $7,465; Interest, $238,360; taxes, $107,199;
miscellaneous, $561; bal., sur., $318,109— (V. 73, p. 31.
$54,600 a year.
Central Florida Ac Gulf Coast Ry.— V. 75, p. 28.
Central of Georgia Hall way.— (See Map).— System
inoludes:
Lines leased— (Bee these oos.) Miles
Miles.
Lines owned in fee.
295 Southwestern RR.—
Savannah to Atlanta
86
Macon to Eufaula
Gordon to Porterdale
Fort Valley to Perry
Columbus to Binii'gliain.Ala. 156
62
Fort Valley to Columbus...
Columbus to AmoricuH
80
Smithville to Columbia
Montgomery to Kufaula, Ala.
50
Cuthbert to Fort Gaines.
Columbus to Greenville, Ga.
36 Augusta & Savannah RR.—
Opelika to Roanoke
60
Millen to Augusta
Euf aula to Ozark
.
Grittln,Ga.,toChat.,Tenn, eto
Chlokamauga to Durham
Savannah to Tybee
Columbus to Andalusia
Macon Junction
to Athens.
.
Dover
Barnesville to Thomaston
Lyerly Branch
Brewton
to
198
17
18
138
102
77
16
8
Total owned (and oper'd).. 1,399
Organization—Organized
Chattah. ifeOulf
Columbla
3,450,000
3,150,000
650,000
7,250,000
350,000
1,000
1,000
1,000
C, 110 miles. In May, 1903, extension
was proposed from Freeland, N. O, near Lenoir, to Blue Ridge Moun-
O,
1,000,000
1,022,900
5,191,100
273,400
334.000
1,500,000
100
100
100
53
333
1st M., g., $2,000,000, int. rental, s.f.,red.l02 1a
Central Indiana— 1st M., $4,000,000, gu.Ce .c*&r
Central Massachusetts -See Boston & Maine RR.
Central New England— Common stock
Preferred stock, 4 per cent
1st M., $1,250,000, call at 105 after 1904. FP.o*
r
Gen'l mort.. 5 p. o. incomes, $8,500,000.
Dutchess Co. RR., 1st M.,g., gu. (see text). Me. o*
Central Ohio—See Baltimore & Ohio.
S.
$2,P00,000
4 g4 g.
3.459,000
7,000,000
D g16,700,000
5 g5 g1,000,000
840,000
5 s462,000
5 £.
413,000
5 our
168,000
5 g.
1,990,000
343,000
5 g4,000,000 5 In 1903
7,000,000 Up to 5g
4,000.000 Up to 5g.
4,880.000
5 g.
4ia &6
139,566
4>*
366,000
1,000
1,000
1,000
1,000
1,000
1,000
1890
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Whom.
Cent Payable
&
&
&
M. &
J. &
J. &
J. A
J. &
J. &
J. &
J. &
J.
P.
P.
RR -
to Floralla
144
12
71
85
21
53
92
Government
J.
J.
J.
J.
J.
g.
M.
>
by
D. N.Y., Merc. Trust Co.
do
Do
A.
A. N. Y. GuarantyTrustCo.
do
do
do
do
do
N.
J.
J.
D.
J.
D.
&
&
&
&
&
a
pal, When Due.
Stocks— Lafct
Dividend.
June
1,
1948
Feb. 1, 1919
Nov.
Nov.
1945
1945
Jan.
1946
Jan.
1946
Deo.
1945
Jan.
1947
June
1926
June li 1951
July 1, 1947
Nov. 1, 1945
Nov. 1, 1945
Nov. 1, 1945
Mav 1, 1937
To Mar., 1908
To Sept., 1910
1,
1,
1,
1,
1,
1,
1,
July 1, 1920
Savannah, Ga.
Jan., '04, 2i*%
Savannah and Macon. Jan.,'04, 2i«%
Savannah, Ga.
J.
Jan. 1, '04, 2»a
J. Sav., Ga.. Citi«ens' Bk
July 1, 1930
N.
New York.
May 1, 1953
J.
N.Y., Guaranty Tr. Co.
J.
J.
To be b
eld In tr ust for ten years, or un til 4 per cent
pai d on gen eral mortgage for two years.
F. & A. Fid. I.T.A S.D.Co., Phil. Feb. 1, 1919
t g> Oct. 1.
Yearly, if earned.
Feb. 1, 1949
5 g.
(6) g. J. & D. Fid. I.T.& S.D.Co., Phil June 1, 1940
Is
5
4ifl
.
bonds— princi-
D. N. Y., Guar Trust Co.
J. N. Y., Union Trust Co.
Oct. 1 N. Y., Gu. T. Co. or Sav.
when earned.
do
Oct. 1
when earned.
do
Oct. 1
M. & N. N". Y., Guaranty Tr. Co.
do
do
M'nthly
N. Y., Blair & Co.
Various.
,
.
Carolina
Outstanding
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1902
Guaranteed, te securities.
e
Ocean 88. Co. 1st mortgage, gold, guar.Ce
Augusta & Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt)
Chattahoochee & Gulf, stock
Chester,
Amount
1900-1
1903
& car trusts, payable $31,000 s.-an.c
t
Par
of
Road. Bonds Value.
tables.
100
Central Branch— Cent. Br. U. P. 1st M.,g.Dn...o*
288
Central Branch, lstmort., gnar., gold
Cent. of Georgia Ry.—\sX M.,$7,000,000,g.G.o*&r 312
Consol. mortgage, $18,500,000, gold Me....o*«fer 1,390
Mob. Dlv. 1st M. (Columbus to Andalusia) g.G.o* 138
Macon & No.Div. 1st M., $840,000. gold.MBa.o* 102
77
Ocon. Div. 1st M., Brut, to Dover, $6,000 p.m.S.0*
Mid. Ga. & At. Dlv. 1st M.,$9,000 p. m.,our Go* Text.
21
Eatont. Br. 1st M. not guar, by Cen. Ga., g
155
Chatt. Div. purch. money M. $2,400,000, g S.o*
138
Chatt. Rome & 8o. 1st M. $500,000, gold.
1st pref., incomes ) Interest up to 5 p. o., IHp...
re...
gold, If earned,
do
>
2d do
Ma..
non-cumulative.
do
>
3d do
Cent. RR.& Bk. ooll.tr. b'ds, g., red. at HO.Ce.o*
Equipment trust
Size, or
of
I
[Vol. lxxviii.
*
Cash deposit ed
to retire these;
mort gages
satisfied
Bonds.—The first mortgage of 1895 (described in V. 63, p. 1160) is
on the main line from Atlanta to Savannah, including the
Mtlledgevllle branoh (312 miles in all) all equipment and appurtenances and the equity in $1,995,000 of the oapital stock of Ocean
8teamshlp Co. of Savannah. Tius ee, Guaranty Trust Co. of New York.
No dlv. was paid on Ocean Steamship stook In 1902-3. V. 75, p. 439.
Application for listing firsts and consols. In V. 63. p. 1160.
The consolidated mortgage (see abstract in V. 61, p. 873, also see
V. 63, p. 1160) is a nrst lien upon 600 miles [lnoluding former
Mont. & Eufaula RR., Sav. & Western and Sav. & Atl.]; also on
the leases of the South Western and Augusta & Savannah roads and
the stook of New England <fe Savannah Steamship Co., and a second
lien upon the main line, its equipment, etc., and also on the Maoon
»,
first lien
,
Northern and Mobile & Girard. It also covers all leaseholds, securimay be increased to $18,500,000, at not more than $500,000 In any one year, for betterments and equipment.
Macon <£ Northern Division bonds are also direot obligations of the
Central Ry., with first lien from Maoon Jet. to Athens, Ga., 102 miles.
Middle Georgia dt Atlantic Division bonds are Issued at $9,000 per
mile, of which $8,000 was for purchase of road and $1,000 retained
by Cent, of Ga. for betterments; subject to the Eatonton Branoh
bonds, $168,000 on 21 miles, the firsts of 1897 cover the 65 miles of
M. Ga. & At. Division— (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
The preference income bonds, subject to the prior mortgages, cover
the main line and the former Savannah <fe Western, Columbus & Rome,
Montgomery & Eufaula, Mobile & Girard, Maoon & Northern ana
Savannah & Atlantic RRs., and their equipment, eto.; also all
leaseholds, securities and equities of properties acquired by the new
oompany. They are non-ouniulatJve and bear interest not exoeeding 5
per cent in any one fiscal year, but payable only out of net earnings
as declared and secured by the deed of trust.
&
ties, eto. It
Dividends—
>
1896. 1897. 1898. 1899. 1900. '01. 1902. 1903.
l^
1st pref. Incomes. \
24
Collateral trust mortgage abstraot
On
2
34
5
3
5
in V. 45, p. 242.
The Chattanooga Division mortgage is a first lien on the former Chattanooga Rome & Southern RR., Carrollton, Ga., to Chattanooga,
Tenn., 138 miles, and Durham to Chlokamauga, Ga., 17 miles, with
branohes, in all 155 miles, subjeot to $343,000 old 5s, for whioh a like
amount of bonds is reserved; $217,000 being also reserved for additional equipment and improvements. V. 72, p. 1134; V. 78, p. 1446.
Latest Earns., 8 mos. > 1903-4 .Gross, $6,564,668; net, $1,584,657
July 1 to Feb. 29.
1902 3. .Gross, 6.36 1 784; net. 1,671.266
Other income In 1903 4, $118,642; charges, $l,3»6,l40; bdl., sur.,
2
was
<:
$317,158.
Annual Report.— Report
Years end. June 30—
Gross earnings
Total operating expenses
for 1902-03 In V, 77, p. 1289.
1903.
$9,164,470
6,822,732
269.817
Taxes
Net earnings from operation. .$2.071,92 1
From
steamships, eto
Total
192.413
$2,264,334
1902.
$7,750,691
5,531,039
269.471
$1,950,181
201,674
$2,151,855
1901.
$6,920,715
4,778,148
213,411
$1,929,15(1
187,359
$2,116,515
DEDUCTIONS FROM INCOME FOR YEAR 1902-3.
Interest on funded debt$l, 684,009 Total deduot'e from ino.$2,060,828
Rentals, eto
376,819 Net Income
203,506
Officers.— President, J. F. Hanson, Maoon, Ga.— (V. 77, p. 1224
1289, 2279; V. 78, p. 1446.)
I
I
Central Massachusetts RR.— See Boston & Maine RR.
Central Indiana Ry.— Munoie to Brazil, Ind., 137 miles,
which Brown's Valley to Sand Creek, 12 miles,
of
trackage. Successor in Mar, 1903, to the Chicago <fe Southeastern Ry., foreclosed
V. 76, p. 6o3.
Feb. 19, 1903.
Controlled by the Cleveland Cinis
cinnati Calcago & St. Louis and Pennsylvania RR. interests. Bonds,
guaranteed by Cleveland Cin. Chio. A rtt. Louis, are limited to $20,000
per mile; present issue, $1,500,000 (V. 77, p. 517, 2279.) Stock authorized, $120,000. For 9 mos. ending Deo. 31, 1903, gross, $104,347;
def. under oper. exp.. $77,869.
President, Joseph Robinson.— (V. 76, p. 653; V. 77, p. 768, 2279.)
Central New England Ry.—Owns from Campbell Hall, crossing the Hudson River at Poughkeepsie by its own bridge, to Silvernails, 58 miles and leases and controls Hartford & Conn. Western
RR., Hartford to Rhinecllff, 109 miles; extension from Tariffville.
Conn., to Springfield, Mass., 18 miles, operated from Sep., 1902; lotal,
185 miles; also Dutohess Co. RR., Poughkeepsie to Hopewell Juno.,
12 miles; traokage, 1 mile. V. 72, p. 1279; V. 73, p. 337; V. 76, p. 435.
Organization.— Incorporated In January, 1899, per plan in V. 66,
p. 574, and V. 67, p. 789, as successor of Phil. Read. A New Eng. RR
sold in foreclosure Oot. 6. 1898; V 68. p. 84. In Feb., 1904, the New
York New Haven A Hartford RR. acquired a majority of the stook
and $5,100,000 of the $7,250,000 Income bonds; V. 78, p. 701,768.
Owns $1,390,000 Hartford <fe Conn. Western stook
Stock.-The stock is to be held In voting trust for ten years, or until
4 p e interest is paid on general mort. for two years. Voting trustees,
J. P. Morgan. Wm. Rockefeller, Charles F. Choate, Charles F. Brooker
and Charles Lanier.
Bonds.— Of the first 5s, $650,000 were issuable at once for assessments, line to Springfield, etc,, and $600,000 will be reserved for improvements. Interest on Dutohess Co. RR. firsts reduoed to 4^ p. o.
;
,
Total oper. Jan. ,1904.. ..1.877
Also Meldriin to Lyons, 58 miles,
(leased to Seaboard Air Line Ry.)
Ooean Steamship Company,
estimated equivalent of
300
and Nov. 1 sucoeeded to the
Banking Co. of Georgia, foreclosed
Oct. 17, 1895,
properties of the Central RR &
per plan in V. 60, p. 1008 and V. 61, p. 68. Chattanooga Rome
Southern was merged June 1, 1901. V. 72, p. 674, 721, 987, 1134.
stock.— $5,000,000 held by interests allied with Southern Ry.
&
1
.
Apr.. 1904.
:I
RAILWAY STOCKS AND BONDS.
j
GO V
1
Subscribers will confer a great tavor by ^uin» immediate notice of any error discovered In tbese Tables.
Bonds— PrinolINTEREST OR DIVIDENDS.
RAILROADS.
—
Miles Date Size, or
Amount *>„.„ nftr When Where Payable, and by pal.When Due.
notes/ of
er
of
Par
R
Slocks—Last
For explanation of column headings, Ac, see
Payable
Whom.
Road. Bonds Value. Outstanding
on first page of tables.
Dividend.
^
j
Central Pacific—Common stock, $67,275,500
Preferred stock, 4 p. c. oum., $20,000,000
lstref. M., $100,000,000, g.,gu.,p.Al.en.Ce.o*&r 1,349
New
|
$67,275,500 Held by South'n Paclflo Company.
12.«00,000 Held by South'n Pacific Company.
1899 500 Ac. a64,756,000
4g. F. A A. N. Y.. 120 Broadway,
3i« g. J. A D.
do
1899 500 Ac. 18,040.500
do
3
1899
29,406 360
....
I
100
3^8, $25,000,000, g., gu., p. A 1. eDd.Cs.o*<fcr 1,349
Notes for U. 8. debt.due $2,940,635 half-yearly.
Old Securities hot Exchanged.
f, al.
296 18(58
A O. 1st mortgage, series A, gold (Pit.)
1,000 I *
5 g.
639.000 5e.A6g.
86-'89
Mortgage gold bonds, land grant, sinking fund..
1,000
Gent. Hit. of N. J.— Stock ($30,000,000 author).
100 27,418,800 8 In 1903
Convert, debentures, convert, into stock till 1907
1883
5 0,000
6
1.000
All.
1887 SOO Ac. b45,091.000
Cent. RR.of N. J. Gen. M. for $50.0O0,OO0.g.Ce,o<W
5 g.
'99'02 1,000
4
Equip. M..8er. A A B. $« 20,000 due y'rly
3,270,000
1903
do
do 8er. C, $3,500,000 authorized
1.000 c3,50O.0O0
Real estate bond and mortgages
179,100
—
Guaranteed Bond*
4»«
1875
Leh.A Wllkesb.Coal oon M., gu.,p.*l..ert. in 1900
1,000 12.175,000
1888 1,000
5
5s of 1912,Bink.fd.not gaar. (not drawn) FI».c
2,691.000
1881
Am. DockAImp.Co. 1st M.,gu., redeem, at 110... c
1.0O0
5
4,987,000
N. Y. A L. Br. gen. M., g. (*192,000 5s)
Ce
38 1891
1,000
1,745,000 4 A 5 g.
Leh. A Hud. Rlv.,gen. M., g., guar. Jointly. Oe c'
1890
5 g.
1.000 i 1,062,000
6
Cent. RR. of Pennsylvania— 1st M., $1,200,OOO.FP
1893 500 Ac
600,000
"42 1881
Central of South Carolina— 1st mortgage, gold...o
6 g.
1.0O0
300,000
Central Vermont—Stock, $3,000,000
100
3,000,000 $2,185,1
AIL 1899 1000 Ac 11,000,000
1st M., $12,000,000 gold, traffic guar. A
o A r.
4 g.
Montreal A Province Line By., 1st M., gu. p. & i.,o 40-6 1900 100 Ac
4 g.
200,000
Charleston <t Savannah— Bte Atlantic Coast Line RR.
Charleston Term'l— lit mort., $1,000,000, gold.S
1.OO0
1903
800,000
4g.
Oharl.it West. Car.— 1st M.,g. ($8,000 p.m.). Ce..o*<fcr
340 1896
1,000
2,720,000
8
Income M., g., non-cum., ($7,000 per mile) G..0*
1896
1,000
2,380,000
I
Augusta By. Terminal 1st M.,g.,gn.,p,Al.end.Ce.
1897
l.OOO
600,000
CharlotU Monroe <s Columbia— 1st M., $70,000, g.
22 1902
1,000
70,000
a Guaranteed Jointly with Le
M On coupon bonds JAJ; on registered bonds Q.-J.
b Includes $1,1 67,000 in treasury Dec 1903.
c Incl udes amount in treasury D>eo., 1903.
I
J. A J.
A. A O.
Q.-F.
M. A N.
!
B
-
it
do
do
N.Y.Off.,143 Liberty St.
N. Y., Liberty Nat. Bk.
Aug
04-Fb.'09
1. 1918
1936-1939
Jan.
May 2
May
,
'04,
2%
Various
do
do
do
do
1908
July I. 1987
1904 to 1912
To 1913
Various
do
do
Various dates
Q.-M.
do
do
do
do
ir
.
I
N. Y.. 120 Broadway,
Aug. 1. 1949
Aug. 1,1929
1
1,
do
do
do
do
Nat. Exoh. Bank.
June
1,
Nov.
July
1,
New York.
N. Y., Central Tr. Bank
If earned.
N. Y. Cent. Tr. Co.
July
Apr.
1,
1,
1,
1.
A.
O. R'dT.AS.DOo.,Rd,Va.
high Co al A Navigation Co.
Oct.
1,
M.
J.
M.
A
A
A
A
A
A
N.
J.
8.
Sept.
1.
1,
1,
1.
1.
1910
1912
1921
1941
1920
1943
1921
J. N. Y.,
July
N. Phil .FhLI.Tr.A S.D.Oo. May
J.
J. N. Y., Cuyler, M. & Oo. July
00 held by Grand Trunk Ry. of Canada.
Q.— F.
Bos., Am. L. A T. Co.
May 1. 1*20
A. A O.
do
do
Oot. 1. 1950
J.
M.
A J.
A O.
Oct.
A. A O.
J.
A.
A
Oot.
Oct.
1953
1946
1946
1947
1932
.
Earnings.— 6 months ending Dec 31 and years ending June 30:
Ifet.
Oth. income.
Balance
6 mos.— Gross
Charges.
1903
$390,897
$80,143
$79,00<*
sur. $4,146
$3,011
1902
296,776
48.786
3 058
77,147
def. 26.303
Year
Gross.
Net.
Oth. Income. Charges.
Balance.
1902-03.... $655,535
$133,286
$7,565
$155,159 def.$14,308
190102
583,835
147,585
10,129
152,68s sur. 5,02$
Officers.—C. 8. Mellen of New Haven. President; A. S. May, Treas.,
and J. G. Parker,8eo*y.— (V. 76, p. 47, 435; V. 78. p. 701, 768.)
See B. A O. RR. Co.; also V. 70, p. 75.
Central Ohio
Central Pacific Ry.—fSee Map of Southern Pacific.)
Lines owned—
Miles.
Miles.
Branches to San Jose, etc
Ban Francisco, Cal., to near
38
Ogden, Utah
871
Trackage
Lathrop, Cal., to Goshen, Cal. 146 Into Ogden, etc
11
RoseviHe Junction, Cal., to
Oregon State Line
296
Total
1.362
organization.— Incorporated in Utah in July, 1899, as successor of
the railroad under the plan of readjustment in V. 69, p. 378, by which
the Southern Paclflo acquired the entire capital stock and guaranteed the principal and interest of the two new Central Paclflo bond
Issues shown above. The old indebtedness, including the U 8. loan,
has been discharged.
Stock— (1) Common stock, $67,275,500, all heldby So. Pac Oo.
(2) Preferred stock, 4 per cent cumulative, authorized issue $20,000,000, to be delivered to Southern Paoifio Co. In consideration of issue
of equal amount of Southern Paclflo Co. 4 per cent collateral
trust gold bonds; of which delivered on completion of readjustment, $12,000,000; reserved to be delivered only to provide additional funds, if required, for the payment of 3 per oent notes to the
United States, and thereafter only for betterments and additions,
$3,000,000; reserved to be delivered for Improvements and additions
at not exceeding $200,000 yearly, $5,000,000.
Bonds—First refunding M. gold 4s, $100,000,000, seoured by all
the railroads, terminals and equipment now owned, Including about
1,349 miles of first track, etc., by deposit as collateral security of over
95 per oent of the old mortgage bonds. Of the authorised issue
$32,347,000 is held by the United States as collateral for 3 per oent
notes. Bee Abstract. V. 69. t>. 808. and V. 70, p. 739; V. 78, p. 228.
Thirty-year gold S'ss, $25,000,000, secured by a second lien
upon all ths properties covered by the 1st ref mortgage, and also by
deposit with the Trustees as acquired of all securities and moneys held
In any sinking fund of the Central Pacific RR., oonslstlng July 1, 1902,
of $9,332,000 in securities and $1,169 cash, and by a trust deed
upon all the lamds oovered by the mortgage dated Oot. 1, 1870.
See Mortgage Abstract. V. 69, p. 858; also see p. 851. From the proceeds of these sinking funds and land sales cancellation of bonds will
be made from time to time; in February, 1900, $2,505,000 3^8 were
canceled, and to Apr., 1904, $3,735,000 additional had been canceled
reducing those out standing to $18,040,500. V. 70, p. 739; V. 70, p. 1194.
Twenty three-per-cent notes, aggregating $58,812,714, Issued to
the Government in settlement of subsidy debt; $26,465,720 paid, leaving $32,346,995 to mature, $2,940,635 half-yearly thereafter to Feb.,
1909. First refunding 4s are deposited to retire them when due.
Land Grant.—Total land grant was about 12,000,000 aores, of which
about 6,732.538 aores remained unsold on June 30, 1903. Sales in
1902-3, 31,508 aores; cancellations, 18,658 aores. Land contracts
July 1, 1903—prinolpal, $822,741 average price per aore, $5 98.
Earnings.— 7 mos. ) 1903-4 .. Gross, $13,775,430; net, $5,556,998
July 1 to Jan. 31.
\ 1902-3.... Gross,
12,847,305; net, 5,379,556
Report— In 1902-03, gross, $21,121,671; net, $8,482,194; other
income, $863,844; int., taxes, sinking funds, etc, $5,263,222; bal.,
sur., $4.0-2.917. Da 1901-02, gross, $20,191,111; net, $5,379,556.—
—
BR
—
j
;
(V. 76, p. 809; V. 77, p.
1530, 1532; V.
78, p. 228.)
Central
of
Jersey.— ffle« Map Phila. «* Beading By.)—
Operates from Jersey City, opposite New York City, westerly to
Wilkesbarre anc" Soranton, Pa., and the neighboring anthracite ooal
fields : also southerly to the seashore resortsof New Jersey, etc:
Lines owned in fee.
Miles. Lehigh
Susquehanna, PhilJersey City to Phillipsburg
72
lipsburgto Union June, etc t.171
Sundry branohes
82 Wilkesbarre A Soranton ff
5
Entire stock owned.
Lehigh A Lackawanna
36
BR.
New
A
New York A Long Branch RR.,
Perth Amboy to Bay Head..
New Jersey South'n RR., Long
Otherllnes
9
AllentownTerm. (oper. Jointly) 3
Trackage—
Branoh to Atsion, etc
76 Union Coal RR
10
Other lines (no debt)
141 Lehigh A New England
2
Leased (mostly for 999 yrs.) Miles. Tresokow Branoh
5
Ogden Mine RR. IT
10
Nesquehonlng Valley 1T
17
Total operated July 30, 1903.677
II see this company. 1 See Lehigh Ooal A Nav. in "Misc Companies."
There are 261 miles of second and 30 males of four tracks. With the
Bait. A Ohio and the Phila. A Reading operates the "Blue Line," using
the B. A O. tracks from Washington to Philadelphia, the Reading to
Bound Brook and the Central N. J. to Jersey City.
History.—Chartered in 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia A Reading. Receivers were in possession from
38
Jan. 1, 1887, till January, 1888. Reorganized In 1887 without forealosure—see plan V. 44, p. 714. 716. Concerning coal properties, see
Wilkesbarre in Bupp. of Jan., 1903 (p. 189), and Lehigh Coal
Lehigh
Nav. in "Miscellaneous." In Jan., 1901, Reading Ry. acquired
$14,500,000 of the stock. V. 72, p. 86, 186,241, 391, 721.
'04
Drv 5 '91. '92 to '94. '95. '96. '97.'98. '99. '00. '01. '02. '03.
P. o. I C
4
8 Ino.May,4
5
8
c.l 6i« 7 yearly. 5*« 5 4H 4
A
A
—
Bonds.— For general mort. abstract see V. 45, p. 402.
The L. A W. Coal mortgage is for $15,000,000; the bonds, formerly
7s., of whioh $12,175,000 have been Issued, were in 1900 extended at
4*3 p. c and guaranteed, prln. and int.
Bee guaranty, V. 71, p. 26.
Jointly and severally with the Lehigh Coal A Nav. Co guarantees $1,062,000 ^eh.&Hud. Rlv. Ry. Gen. 5s, prin. and int. See V. 67, p. 788.
Earnings.— For 9 mos. ending Mar. 31:
Gross.
Wet.
Oharges.
9 mos.
Ba>., sur,
1903-4
$15,931,457 $6,987,635 $4,626,882 $2,360,803
1902-3
13,^72,109
5,298,888
4,141,624
1.157,264
Charges in 1903-4 Include $495,944 for additions and improvements.
annual keport. -The report for 1902-03 was in V. 77, p. 764, 767.
See also editorial, p. 737.
vicars ended June 30-^ — Oal. year—*
Earnings from—
1902.
1903.
1901.
Merchandise
$6,8*8,077
$5,949,186
$5,073,417
Ooal
6,054,769
5,717,062
7,230.817
Passengers.
3,04 5,331
2,"86,517
2,602,746
303,77rt
Express and mall
2H2,665
293,877
Miscellaneous
94,807
85,203
85.853
Total gross earns, rail lines $16,357,156 $14,740,237 $15,286,710
Net earnings
$6,342,345
$6,498,393
$7,461,463
Other income
1,965,929
1,507,794
1,903,125
Total net Income
$8.4e4,322
$7,850,139
$9,364,588
Interest on debt
$2,843,308
2,717,1*6
$2,743,408
Rentals paid
2,231,326
2,456,148
2,354,747
Taxes
415,687
415,887
402,949
Renewal fands, eto.......
440,000
640,000
Dividends
(8) 2,1»3,264(7 J4) 1,985,648(5%)1,570,516
Balance, surplus
def. 5^,468 sur.$«74,475
$1,652,968
Directors, May, 1901, V. 72, p.]987; (V. 74, p. 1353; V.77,p.764, 775.)
Central RR. of Pennsylvania.—Owns Bellefonte (Penn. RR.)
to Mill Hall, Pa. (on Beeoh Creek RR.) 27 miles; branoh, 5 miles;
operates Nlttany Val. RR., 7 miles. Current liabilities June 30, 1903,
588,346. For year 1902-3, gross, $89,669; net, $18,989; charges,
f61,148; deficit, $42,159. Stock, $1,200,000; par, $50.
Central RR. of South Carolina.—Owns from Lane, 8. C, to
Sumter, S. C, 42 miles. Leased to the Atlantic Coast Line RR.; rental
$31,000 yearly. Stook, $170,000, par $50. In year 1897-98, gross,
$61,148; net over taxes, $42,159.— (V. 64, p. 887.)
Central Ry. of
Brunswick.— See New Bruns. Coal A Ry.
Central Vermont Ry.—Operates from Rouse's Point, at north end
of Lake Champlain. to New London, Conn., with branohes 531 miles in
all of which 218 miles leased, viz.: New London
Northern (see that
oo.), 157
Montvllle Br., 3; Montreal
Province Line Ry., 40
Organization.—Bucceeded May 1, 1899, per amended plan in V. 67,
p. 735. the Central Vermont RaUread, foreclosed. V. 68, p. 1076.
Securities, Etc.—The Grand Trunk Ry. holds $2,185,100 of
the $3,000,000 stock, and under a traffic contract will make good any
deficiency in earnings to meet interest on the new firsts up to 30 p. o.
of Grand Trunk gross receipts from traffic interchanged. Montreal A
Province Line Ry. bonds, see above.—V. 71, p. 390, 697.
Report.— For year ending June 30, 1903, in V. 77, p. 2095, showed
'
—
New
m
Year.
1902-3
1901-2
&
A
;
Gross.
Net.
$3,636,382
3,406,432
$660,509
660,301
Oth. inc.
Charges.
Bal., sur.
$3,562
3,099
Clerk ana Treasurer. W. H.
$10,840
10,560
$667,787
667,762
Officers.— President, Charles M. Hays
Chaffee, St. Albans,
(V. 75, p. 848. 1 198, 1225; V. 77, p.
Vt—
;
2095.
Charleston & Savannah Ry.— See Atlantic Coast Line RR.
Charleston Terminal Co.— Road. —Owned terminal road in
C, 3 miles; double track laid with 60 pound steel.
owned 14 wharves, 30 warehouses, about 30 acres of
land, 4 cotton compresses, etc, on the city's water front, these being
connected by Its own road with the other railroads entering the city.
Charleston,
Company
8.
also
A reorganization of the East Shore Termlaal Co.'s BR., foreclosed
July 14, 1903; V. 77, p. 146, 298. Stock, $200,000, owned Jointly by
Atlantlo Coast Line RR. and Southern Ry. Of the bonds, $200,000
arc rewervf d lor future purposes. President, Wm. E Huger; Treasurer, R. G. Lankford; Secretary, Henry Fraser. (V. 77, p. 298.)
Earnings.—Net earn'gs for year ending June 30, 1902. old company,
were $25,807; In 1900-01, $22,042.— (V. 76, p. 1300; V. 77, p. 146.)
Charleston A Western Carolina Ry.—Port Royal, 8. C, to
Augusta,Ga.,112 m. and Spartanb'g, Greenville and Anderson, 227 m
trackage, 3 in.; total, 342 miles.
History.—A reorganization and consolidation Oot. 3, 1896, after
foreclosure sale. Entire capital stock and large portion of Income
bonds were acquired by Atlantic Coast Une in Dec, 1897. V. 66, p.
.
38, 335.
;
1602
RAILWAY STOCKS AND BONDS.
I
Vol. lxxviit.
:
EAILWAY STOCKS AND BONDS.
Apr., 1904.]
RAILROADS.
Miles
Date
Size, or
Amount
of
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Charlotte Columbia
Ohartiers 8tock
—
<t
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and bv Stocks — Last
Cent.
Payable
Whom.
Dividend.
Augusta— See Southern Ry
$50
o*
1st mortgage, $625,000, gold.
Chat. A Lake Placid— 8ar.
L. PL, 1st M., g.Ce.o*
A
2d mortgage, $24,000, Ce
23
10
10
39
10
Chat'gay Ry., lstM.,gu. p.AUseeV. 73, p. 1263)
Chattahoochee Valley-lntU., $1 10,000
A H.
tihattanooga Southern— Stock ($750,000 Is pref.)...
Chesapeake Beach— 1st M., $1,000,000, gold.N..o* "34
Ohesapeake «fe Ohio— Stk.dransfr agt.J.P.M.ACo.)
0* 5 428
Mortage 6s, gold, ser. "A A B'.Ce
1st mort., of 1911, Penln. Ext., gold
o" I 75
Ter") 1st m.,1922, covering 8 m., to Phoebus.g.o*
8
664
1st oonsol. mort. for $30,000,000, gold ..Ce.o*£r
252
Rich. & All Dlv. lstoon.M.,g. See text... Ce.o"
2d cons. M.,Rich. via. Lynchb. to Clifton F.Ce 252
26
Craig Valley branch 1st mortgage, gold
Ce.o*
Warm Springs Branch 1st mortgage, gold.. Ce.o*
25
General mort. (for $70,000,000, etc.) gold. .Ce.o* 1,174
Kineon Coal mort., assumed, red. beg. Oct., 1905
"18
Greenb. ANewRlv.RR. 1st M., g., ass. (V.75,p.562)
Greenbrier Ry. 1st mort., $3,000,000, g ...Col.o*
Car contracts, payable monthly on 4,700 oars..
Car trusts on 25 loco, and 1,000 cars, pay. ann'ly
Oar trusts, ser. B, g., $200,000 due y'rly..GP o*
Car trusts, ser. C, g., $50,000, due semi-annually.
Car trusts, ser. D, gold, $200,000 due yearly ...
1901
1893
1896
1887
1900
1,000
1,000
500
1,000
1,000
100
1898
1,000
100
1878
1,000
1881
1,000
1882 500 Ac
1889
1,000
1890
1,000
1890
1,000
1890
1,000
1890
1,000
1892
1,000
500 &o.
1603
$645,300 8 In 1903
3*9 <r.
625,000
120,000 5 (6) g.
5
24,000
6
200,000
5
(?)
3,000,000
1,000,000
5 K.
62,799,400 1 In 1903
2,013,354
2 g
2,000,000
142,000
f g
25,858,000
5 g.
6,000,000
! g
1,000,000
g
i g.
650,000
5
400.000
5 g.
4*«g.
37,573,000
200,000
5 g.
b555,000
5 g.
-
-
-
A.
A.
M.
M.
F.
J.
J.
A
A
A
&
A
A
&
O. Co.'s office, Plttsb'g.Pa. Apr. 1, '04, 4%
O.
do
do
Oot. 1, 1931
N. N. T., 21 Cortlandt St. Nov. 1, 1913
do
do
N.
A.
J.
do
do
Am. L. A T. Co.. Boston,
IT
D.C July 1, 1923
Morgan A Co. Not.27,'03,1%
J. Office, Washington,
N.Y.,J. P.
&
A
A
&
Nov. 1, 1913
Aug. 1. 1907
July 15, 1920
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July
1908
1911
D.
June
1922
N.
May
1939
Jan.
1989
Jan.
1989
July
1940
S.
Mch.
1941
8.
Moh.
1992
O. Cen.Tr.A8.Dep.,Cln.,0. Oct.
1915
A.
Richmond.
Aug.
1942
N. N. Y. J. P. Morgan & Co. Nov.
1940
To May, 1907
O.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
A
A
A
&
1,000
1900
A
2,000.000
1,000
4fr
944,738
1901
P. A A.
800,000
Aug., 1904-11
1902
1.000
1,600,000
4g. F. & A. Glrard Trust Co., Phila. Feb 15,'05-»12
1902
850.000
1,000
4g. M. A S
Sep.'04-Sep'12
F. A A.
1903
4
Aug. 1, 1913
2,000,000
Guaranteed Bonds.
Elevator Co. 1st M.,gold,p. Ai.guar
Ce.o"
1888
1,000
830,000
8 A. A O. N. Y., J. P.Morgan & Co, Oot. 1, 1938
2d mortgage, for $500,000, Income, non-cum.o*
1888
I
1,000
450,500
Oct. 1.
Oot. 1, 1988
JB100
C. & O. 88. 1st M. deb. red. at par, gu., p. A
1893
London.
a£50,000
5 g. J. A J.
Jan. 1, 1909
a £10,000 called ve arly at par.
U Guaranteed jointlyand severally with Clev. Cin. C hlo. * St. L.
b Includes $216,000 in the treasury June 30. 1903. ffSer, •A" are A. A O.: "B' $13,354), M. A N.
towu Lexlneton A BieSandv and other roads were absorbed In 1892
8tock.—$1,200,000; par, $100. A full statement as to Augusta Ry.
,
'
i
•
its bonds was in V.
EARNiNG8.-For year ending June
Terminal Co. and
66, p. 383.
30, 1903, gross. $1,111,061; net>
$189,844; other income, $25,563; total deductions, $215,200; surplus.
$207. President, J. B. Cleveland, Spartanburg, 8. C; Secretary, R. D.
Cronly, Baltimore, Md.— (V. 73, p. 11207.)
Charlotte .Hon roe &. Columbia RR.— McBee, 8. C, on Sea"
board Air Line to Jefferson, 22 miles; extension to Jefferson, 11 mlles»
was completed Oct., 1903. Stock, $48,000. In 1902 filed above mortgage to the Richmond Trust & Safe Depositee, as trustee. V. 75»
p. 1030. For year ending Jan. 31,1904 (11 miles), gross. $18,094:
net over interest, $9,172; dividends (15 p. c), $7,200. President'
Ernest Williams— (V. 75, p. 1030.)
Cbartlers Ry.—Owns from Carnegie, Pa., to Washington, Pa., 23 m.,
Leased till 1971 to the Pittsburg Cincinnati A St. Louis (now Pittsburg Cincinnati Chicago A St. Louis); the rental Is net earnings.
Capital stock, $645,300 (par $50); Pennsylvania Co. owns $333,850.
Dividends— )
since '90
'91. '92. »93. '94. '95. '96. '97. '98. '99'02.
'03.
1904.
10 10 8
9
10 10 7y'rly. 8 Apr.,4
Earnings.— For year ending Dec. 31, 1903, gross, $701,329; net,
$135,715; other income, $10,751; lnt and other charges $25,399; 1mprovements, $63,964; dividends, $51,624 In 1902, gross, $634,256;
net, $190,601.— (V. 73, p. 615.)
Chateangay dc Lake Placid Ry. (See map Del. t£ Hud son).—
Operates from Plattsburg, N. Y., to Lake Placid, 80 miles, of whioh
Plattsburg to Dannemora, 16 miles, is leased from State of New York
for one dollar and free transportation of freight to the State's Prison
at Dannemora, and balance owned. Standard-gauged in 1903 04. V.
78, p. 985. A consolidation in July, 1903, of the Chateaugay Ry., the
Chateaueay RR. and the Saranac & Lake Placid RR.; V. 77, p. 249.
Stock. $450,000. Leased to the Delaware A Hudson for 500 years
from Jan. 1, 1903, any balance over expenses of operation. Interest,
taxes, maintenance, damages, etc., to go to the lessor. The lease is subject to revision after 5 years on request of either party. (V. 77, p. 249.)
Chatham & Lebanon Valley RR.—See Rutland RR.
Chattahoochee & Gulf RR.— Columbia, Ala., to Floralia, 92
7*3
(p.o.) 5
8
V. 71. p. 806; V. 75, p. 848, 1146.
In 1900 In perpetuity to Cent, of Georgia Ry. for 6 per
cent on $273,400 stock and $334,000 bonds, of whioh 1 p. o. to be used
as a sinking fund for retirement of bonds, upon completion of which
rental will be 5 p. o. on stock, payable J.-J. See Central of Ga. Ry.—
(V. 75, p. 848, 1146, 1301; V. 77, p. 195, 2279.)
Chattahoochee Valley
West Point, Ga., to Jester, Ala.,
16*8 miles. Stock authorized, $1,000,000; outstanding, i$110,000; par
of shares, $100. Bonds, see table above. For year ending Nov. 1,
1902. gross, $34,602; net, $13,974; interest on bonds, $6,000; dividends (5 p. o.), $5,500; bal., sur., $8,974.
Chattanooga Southern
Owns road, completed in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 miles trackage to Chattanooga, 5 miles ; sidings and
spurs. 10 miles ^ total of all track, 105 miles. Successor to Chattanooga Southern Ry., sold In foreclosure Feb. 14, 1895 ; plan in V. 61,
830, but in J uly, 1902, the new securities had not been issued,
ties
Issued.
Th new lsts were to be $5,000 per mile on present mileage and f 10,le
000 on extensions; and the Income mort. 5s, $750,000. V. 63, p. 401.
Earnings— 8 mos., > 1903-4
Gross, $74,254; op. def., $2,115
July 1 to Feb. 29. J 1902-3
Gross, 80,153; net,
6,536
Year ending June 30, 1903, gross, $122,461; net, $10,192. 8eo.,E.
C. Osborn, 31 Nassau St., N. Y.— (V. 63, p. 823.)
Chesapeake Reach Railway.— Washington, D. C, to Chesapeake Beach, Md., 34 miles; opened May 1, 1903. Stock, $1,000,000, all outstanding; par, $100. President, 8yl. T. Smith; Sec, Paul V.
Waters; Treas., Fred. W. Moffat. Office, 1420 New York Ave.. Wash..
D. C. (V. 69, p. 228; V. 75. p. 980.)
miles.
Lease.—Leased
RR.—
RR.—
;
& Ohio Ry.— (See Map.)—Operates from Newport
and Washington, 1X0., to Cincinnati, Ohio, with branches,
Lines owned in fee—
Miles.
Lines leased—
Miles.
Old Point Comfort and NewGreenbrier Ry. (V.77,p.l294.)
port News via CharlottesDurbintowhitcomb.W.Va 96
ville to Ashland, Ky.„:
512 Sundry branches leased
27
Richmond via Lynchburg to
Operated under oontract
12
Clifton Forge, Va
232 Trackage to Loul sville
84
Branches in Va. and W. Va. . 194 Trackage to Washington,
Chesapeake
News
Va.,
—
Lines controlled by stock, etc.
Maysville A Big Sandy RR.
Ashland, Ky., to Covington, 143
Bridge— Covington, Ky., to
Cincinnati, Ohio
2
Lexington A Big Sandy Ry.. 185
Other lines controlled
D.C
85
21
Other trackage
Total system June 30, 1903 1,641
Of which narrow gauge
19
Seoond track
154
..
47
Also owns one-sixth interest in the Richmond- Washington Co.
Extensions building June 30, 1903, about 80 miles; V. 77, p. 710.
History, Ac—The former Chesapeake A Ohio was sold In foreclosure April 2, 1878, and this company organized. In 1888, under
the direction of Drexel, Morgan A Co., reorganized without foreclosure,
and the road extended to Cincinnati. The consolidation with the Richmond A Alleghany was consummated in January, 1890. The Elizabeth-
aud Greenbrier and other roads in 1903.
Capital Stock.— Common stock authorized, $63,260,300; outstanding, *62,790,40O; increased from $40,000,000 to this figure since 1892
through exchange of practically all the $25,000,000 of preferred stocks
for common stock and general mortgage 4»« per cents in certain proportions and acquisition of stocks ot other companies. V. 77, p. 450,
768. First preferred for $8,200 and second preferred for $S00 only
was outstanding Dec. 31, 1903. See terms of exchange in V. 74, p. 642.
Stock may be reduced by majority vote of stockholders if deemed desirable. V. 70, p 175.
Dividends.— 1899 to 1903, both Inclusive, 1 p. o. yearly.
Bonds.—Abstraot of oonsol. mortgage of 1939 in V. 49, p. 147; of
Richmond & Allegheny mortgages in V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and H. T. Wiokham
trustees) is for $70,000,000, but additional amounts at $25,000 per mile
may be issued for double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 consols of 1889, Issued or to be issued, etc. The balance unissued may be
sold for new acquisitions, rolling stock, etc., but not more than
$2,000,000 thereof in any one year. The mortgage covers the entire
Sroperty of the company, real and personal, at the time the
eed was made, and all additional property and
mileage
acquired with the proceeds of the bonds. See full abstract of mortgage
In V. 54, p. 644; also V. 54, p. 642; V. 55, p. 335. In Mar., 1904,
$37,573,000 had been listed on New York Stock Exchange, $4,500,000
having been sold during 1902-04 for construction and Improvements.
V. 76, p. 381; V. 77, p. 710, 1532; V. 78, p. 701, 988, 1108.
The Louisville <£ Jeffersonville Bridge bonds, of which $3,000,000
are outstanding, are guaranteed Jointly and severally by the Chesapeake A Ohio andCleveland Cincinnati Chicago A St. Louis; any deficit
on account of the bridge Is payable by them in the proportion of onethird and two-thirds respectively— see V. 60, p. 130; V. 61, p. 327,
559; V. 62, p. 84 and separate statement for L. A J. Bridge Co.
Of the Greenbrier Ry. 4s of 1900, guaranteed prinoipal and interest,
$1,000,000 are reserved for extensions and improvements. See guaranty, V. 72, p. 626; see also V. 71, p. 554, 602.
The car trusts, series B, cover equipment costing $2,343,120, including 25 locomotives, 1,000 steel gondolas, 300 wooden box oars, 400
wooden gondolas, etc.; series C, 1,000 gondolas; series D, 50 looomotives and 1,000 gondolas. V. 75, p. 239, 393; V. 77, p. 709.
Operations, Finances, Ac.—Since the reorganization In 1888, when
the control of the company was placed for five years in the hands of
trustees, the property has been greatly enlarged and improved.
In Jan., 1900, Pennsylvania Interests purchased a large blook of
stock, and with the Morgan-Vanderbilt interests now own a majority
of the stock. V. 70, p. 75. 632; V. 72, p. 480,
On June 30, 1903, the N. Y. Cent. A Hud. Rlv. and Clev. Cin. Chic A
St. Louis owned stock representing outlays respectively of $1,638,455
and $2,453,569. V. 71. p. 398,505. On Jan, 1, 1904, the Pennsylvania RR. proper owned $10,130,000, the Pennsylvania Company,
$10,000,000 and the Northern Central $1, 500,000 of the stook.
As to purchase of one-sixth interest in majority Hooking Valley
common stock, see that company. V. 77, p. 1225.
In 1904, $4,000,000 of two-year 5 p. c collateral gold notes ($5,000
each) due April 4, 1906, were sold, secured chiefly by Big Sandy Ry
guaranteed bonds. V. 78, p. 1391.
The O. A O. 88. Co. line was formally opened Sept. 7, 1893, and owns
six steamers, using the railroad wharves at Newport News. The Coastwise 88. Co.. whose $636,800 bonds were purchased In 1899-0, owns 3
ocean tugs and 15 barges and leases 3 steamers. V. 71, p. 554.
Earnings— 8 mos., ) 1903-4... Gross, $12,642,081; net, $4,243,922
July 1 to Feb. 29.
5 1902-3... Gross,
10,481,290; net, 3,513,202
For 6 mos. ending Deo. 31, 1903, net earnings were $3,086,276, fixed
charges, etc., less net income from other suurcis, $2,276,290; baL
sur.,
$809,356.
annual Report.— Fiscal year ends June
30.
Annual meeting
Is
held at Richmond on the Tuesday preceding the last Tuesday In
October. Report for 1902-03 was given In full In V. 77, p. 691, 708,
and showed the following. See also editorial p. 527.
Traffic.—Of the total tonnage (9.548,531) in the year 1902-03, coal
and coke furnished 4,335,731 tons, or 45 per cent of the whole
products of agriculture furnished 8 per cent. Average rate received
on seaboard coal, 3*24 mills per ton per mile; on all freight, 4*63 mills.
Tear ending June 30—
1901.
1903.
1902
Miles operated
1,561
1,641
1,636
Passenger earnings
$2,826,813
$3,474,905
$2,954,919
Freight.
11,842,213
12,510,006
12,833,806
702.516
Express, mall and mlsoel.
726.691
735,653
Total earnings
$16,711,602
Oper. expenses and taxes 11,499,837
Netearnings
Other income
$5,211,765
190,374
Total and net Income.
5,402,139
Interest on bonds, Ao
$4,132,534
Extraordinary expenses..
591,012
Dividends
.(1)605,2 99
Balance, surplus
$73,294
$16,524,378
10,822.335
$5,702,043
136,431
$5,838,474
$3,778,066
1,440,814
( 1%)605,291
$14,303
$15,371,542
9,967,180
$5,404,362
149,925
$5,554,287
$3,552,390
1,304,172
(1)605,287
$92,434
1604
RAILWAY STOCKS AXD BONDS
[Vol. l xxviii.
—
r
.
.
RAILWAY STOCKS AND BONDS.
Apr., 1904.J
RAJLROADB.
Miles
Date
J
INTEREST OR DIVIDENDS.
Size, or
Amount Rate per When Where Payable, and by
of
of
Par
For explanation of column headings, Ac., Bee notes
Payable
Road. Bonds Value. Outstanding Cent.
Whom.
on first page of tables.
&
Ches.
Ohio— Guaranteed Bonds— Con)—
(
Lo.AJefl.Bdg.l8tM.,$5,000,000,gu.p.Ai.,end.fl.*o
(V. 67, p. 322 > ga. p. Ai.
Norf. Ter. A Trans. 1st
Passenger & Belt Ry. (Lex., Ky.), 1st mort., gold
Big Sandy Ry. let M., $4,000,000, gold
Chesapeake Western—O. A W. RR. 1st M., gold.. IV
Ches. West. Ry. mortgage, $1,435,000, gold., o*
Ry
Chestnut Bill RR.— Stock, rental P. &
Alton Ry.— Com. stock, $20,000,000
Chic.
Pref. stock. 4 per oent.non-onm $20,000.000.
First lien M.,$22,O00.000,g,sub.call at par.F.c&r
Oh. & Alton RR.refund'gM., g. See text.MVo'Ar
Coll. notes, $5,000,000, g., red. par, 1904. Fie..
Joint equip, notes ($19,000 due seml-an.)
Miss. Riv. Br., lstM.,g., ass'd, s.f.,dr*natlOO.o*
Kansas City St. L. A C. pref. stock, guaranteed..
Jollet A Chio., 7 p.o.«toek,perpet.,guar. by C.AA.
Louisiana A Mo., guaranteed preferred stock
Chicago Burlington & Quinoy—8took,7p.o.rental
Con. M. oov'ng Ch. Ter. (now 1st M.) ext. In '03.0'
1895 $1,000 1T;$3,50O,0O0
1898
500,000
1,000
M
4
96
27
41
R
&
,
minolsDlv. mortgage,?
$85i ooo,000, our.
4
53
53
53
.
NB-
1902
1896
1901
All
1900
1899
1903
1877
162
37
101
M.
F.
150,000
2,000,000
500 Ac.
666.000
1,000
1,419,000
50
195,650
100
19,542,800
100
19,544,000 4 in 1903
l.OOOAo 22,000,000
l.OOO&c •31,988,000
If1,000
3,635,000
1,000
304.000
353,000
1,000
g
100
?
1,750,000
7
100
1,500,000
i*
-
100
829,000
100 110,839,100
7
7
4
5
Officers.— President, George W. Stevens, Richmond, Va.; VicePresident, Di catur Axtell, Rlohmond, Va.; Treasurer, C. E. Potts.
Richmond, Va; Secretary. O. E. Wellford, Richmond, Va.; Comptroller, L. F. Sullivan, Richmond. Va.
Directors
Decatur Axtell, John P. Green, S. M. Prevost, George W. Stevens
Chauncev M. Depew, William H. Newman, Samuel Rea, H. McK. Twombly
H. T. Wickham.
—(V. 77, p. 691, 708, 768, 1294, 1532; V. 78, p. 701, 988, 1108, 1391.)
—
Ohe«apeake WcKern Br.—Owms North River Gap, Va., to
Bridgewater, 14 miles; opened May 1, 1902; leases for 99 years Ches-
& Western RR., Bridgewater to Elkton, 27 miles; total, 41
Projeoted to tidewater on Chesapeake Bay, and westerly into
the West Virginia coal nelds, of which 14 miles from Bridgewater to
North River Gap is completed. Controlled by Chesapeake Western
Co. V. 75, p. 1353.
Stock authorized, $50,000,000; outstanding, $1,419,600, of which
$608,400 is preferred. Ches. A West. RR. has §533,500 common and
$32,900 pref. stook outstanding. O. W. Ry. mortgage of 1901 has
Bowling Green TrusfcCo. of New York as trustee. V. 73, p. 899, 1356.
Year ending June 30, 1903 (41 miles), gross, $48,629; net above taxes,
$124. President, De Witt Smith; Treas. and Gen. Mgr., W. H. HaU;
Sec., J. 0. Ward. Office, 141 Broadway, N. Y -(V. 74, p. 986.)
apeake
miles.
KB.—
Owns from GermauDown to Chestnut will
Client nut Hill
Pa., 4 miles; being double-tracked May, 1902. Re-leased In 1896 to
Phila.
Reading Ry., the rental being reduced from 12 per eent to 6
r oent on stock, the latter being Increased in June, 1902, from
120,650 to $195,650 —(V T4, p. 836, 986; V. 75, p. 76.)
A
A J.
& J.
A. A O.
J. A J.
J.16&D.
A. & O.
— F.
—J.
A.
J.
J.
A J.
& J.
& J.
& O.
& O.
& 8.
A A.
& N.
& N.
& A.
A J.
& J.
00
(in
J.
J.
J.
A.
A.
M.
F.
M.
M.
F.
Morgan A Co
Mch.
n
N. Y., 120 Broadway,
do
do
do
N. Y., Equit. Trust Co.
N. Y., 120 Broadway,
do
do
do
do
do
do
N. Y., Boston and Chio.
N Y., Bk.of Com. A Bost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Boston, Bk. of Com'roe.
do
do
nking fund uncanceled
p.
1530, 1544.
1903.
915
Miles
Gross earnings
Oper. expenses
Jan.
do
do
do
Annual Report.— Fiscal year now ends June
1902 03 at length was in V. 77,
1,
1,
1,
1945
1948
1906
1942
N.Y.Sec. & Trust Co. Aug. 1, 1945
New York.
Oot. 1. 1951
Flit la., Treas.of.
Mar. 4/04, I**
O.
J.
J.
A
Due.
Stocks— Last
Dividend.
Feb.
Jan.
A.
Q.^J.
Iowa Dlv., 5e, (ool. tr.) drawn at 105.
c.tr
hi iik. fund mortgage 4s, drawn at 100
o*Ar
Sink, fund 4s (So. W. Dlv.) drawn at 100
Denv.exten. (coll. tr.> b'ds.s.f. dr*n at lOO.NB.o*
Debentures for Han. & St. Joseph stock
c*
Nebr'ska ext., $20,000 p. m. (s. f., notdfn)NBo'4r
NB.o*
Chicago & Iowa Div., collat truBt.
B.AMo.RRlnNeb. 5 L'd gr., 8. f., dr. atlOO.NB
Con.M$14000000 \ Exempt, not dr'n till 1908
b, $663,000. and
c, $4,431,000 canceled not
* 58,000,000 additional owned by railway- see be low.
Sink, fund,
A
A
N.Y., J.P.
8.
pal, When
A.
Q .— M.
F.
1873
1,000
21,699,200
3i«
1899 l.OOOAe 41,335,000
1,642
(D
U899 l.OOO&c 14,492,000
5
901 J 1879 1,000 b2,332,000
4
U879 1,000 c8, 167.000
4
1881
1,000 d4,300.000
4
415 1881 100 Ac. e7.968.000
1,000
5
1883
9,000,000
4
1,472 1887 l.OOOAc 25,627,000
2,320.000
5
121 1895
1,000
600 Ac. «8,574,0O0
6
585 J1878 600 &o.
6
5,000,000
$1878
inolud ed. d, $1,650, 000, and e, $2,987,0
826
F.
A.
A
A
(505
$10,071,092
6,625,196
30.
2, '04,
July
1,
Oct.
1,
1,
July
2%
1950
1949
1907
To June 15 '12
Oot. 1. 1912
Feb. 1, '04, li«
Jan., '04, 1%%
Feb. 1, '04, 3ifl
Apr. l,'04 f 1\
July
July
July
1,
1,
1,
1,
Oot.
Oot. 1,
Sept. 1,
Feb.
May
May
Feb.
July
July
)
1,
1,
1,
1,
1,
1,
1905
1949
1949
1919
1919
1921
1922
1913
192?
1905
191*
1918
included.
Report for year
1902.
1901.
920
920
$9,225,739
6,023,919
$9,036,655
5,595,668
Net earnings
$3,445,896 $8,201,820 $3,440,987
Dividends (7 p. o) on Chicago
& Alton RR. slock owned. ...x$l, 525,622 X$1.525,622 x$l,525,622
Miscellaneous inoome
244,449
2,517
5,759
Total income
$5,215,967
Rentals to C. & A. RR
x3,341,588
Taxes on oomp'y's line not cov770.000
ered by lease
Interest 3^ per cent bonds
253,338
$4,7?9,959
x3,134,618
$4,972,368
x3,341,901
770,000
11,560
770,000
$4,364,926
781,760
$3,904,618
781,760
$4,123,461
$69,281
$43,582
$67,147
All charges..
4 per cent preferred dividend...
Surplus
781,760
of the Railroad, the Railway Company eperates the line and
as rental paid in 1902-03 interest, taxes and rentals; alio balance of net earnings. 91.544. 462. From this last was paid 7 per cent ($1,64B,M4) by tbe Railroad
od Its stock. This stock Is nearly all owned by the Railway company, which
therefore treats the dividends received thereon ($1,685,822) as "other Income,"
as here shown.
x Under Its lease
Officers.— Chairman of Exec. Com., E. H. Harrlman; President,
S.
M.
& Alton By.— (See Map)—Road—Chicago to St. Louis, Feiton; Vice-Pres., John N. Faithorn; Treas., F. V. 8. Crosby; Secretary,
Kansas City, etc., in all 915 miles, of which about 110 doable tracked. Alex. Millar, 120 Broadway, N. Y.; Gen. Mgr., O. A. Goodnow.
Directors— George J. Gonld, M. L. Sohiff, James Stillman, B. H. Harrlman,
Road Owned—
Miles
Leased Lines. —
Mile*.
New York; C. H. Chappell, S. M. feiton, .fames P. Forgan, John J. Mitchell,
Springfield,
to Grove, m.. 53 Roodhouse,
to Kansas
N. B. Re*m,r. 8. Winston, Chicago; D. R. Francis. St. Loals.
Leasea Lines—
City, Mo
251 — «V. 77, p. 153 J, 1544, 1746; V. 78, p. 47, 842, 768.)
Chicago to East 8t. Louis, 111 280 Bloomlngton to Warm, via
Chicago Hnrllejion A Qnlmy WW.— (Bee Map — Road.— OpeCoal City Line, Ind
25
Jacksonville Godfrey A
Cblcaeo
111.,
111.,
.)
Dwight, 111., to Washington
Upper Alton (all in 111.). ...159
and Lacon, 111
80 Trackage to Peoria, DI., etc... 17
Mexico, Mo., to Cedar City, Mo 50
Total of all owned, leased and operated in system
915
from Chicago westerly, reaching Rt. Paul and Minneapolis, Minn., fit. Louis and Kansas City, Mo.,
Omaha, Neb., Denver, Col, Cheyenne, Wyo., Black Hills, S. D., and Billings, Mont. The accompanying map shows clearly the system, viz.:
Organization—This railway company was organlied in April, 1900,
and purchased substantially all the stock of the Chicago A Alton
Railroad Company, viz., $18,322,400 of the $18,751,100 common and
$3,472,200 of the $3,479,500 preferred stock, all of which has been
deposited as security under the first lien mortgage of 1900; also the
line of the St. Louis Peoria A Northern between Springfield and Grove,
58 miles. The railroad, whose separate existence Is maintained for
legal reasons, has been leased for 99 years from April, 1900. the rental
being the net earnings, after payment by the lessee of all interest on
bonds, taxes and other*charges, etc. See V. 70, p. 686, 995.
Stock.—Authorized, $20,000,000 each of common and 4 per cent
non-cirm. preferred; Issued in amounts as shown in table above, the
unissued stock being reserved to exchange for the outstanding stock
of the railroad company not now owned.
Sale of Stock.— In Jan., 1904, a majority of the preferred stock had
been deposited under an agreement authorizing tbe Bale thereof on or
before Sept. 30, 1904, on terms and price approved by a committee
consisting of John A. Stewart, Edward H. Harrlman and John J.
Owned
Mitchell.
V. 78, p. 47, 342.
DrvTDEND8.— Dividends on preferred paid Jan., 1901, to Jan., 1904»
both Inclusive, 4 per oent yearly (paid J. A J.).
Bonds.— The first lien 3 "as of 1900 are secured by praotlcally the entire capital stock of the C. A A. Railroad, as shown above, and by a
direot first lien on Spring fleld to Grove, 53 miles. V. 70, p. 894, 944.
8ee application to list in full in V. 71, p. 1021.
The railroad mortgage seourlng the 3 per cents of 1899 will
provide funds for
Improvements and extensions. Bonds in
excess of $40,000,000 may be Issued thereunder on vote of twothirds of the stockholders for extensions of not over 500 miles'
main track, at not exoeedlng $20,000 per mile, to fund leased line renttal obligations and for future betterments not to exoeed $5,000,000 at
not over $1,000,000 per annum from Jan. 1, 1900. Stockholders in
1899-00 purchased $31,988,000 of the new 3 p. o. bonds at the rate
of $650 cash for each $1,000 face value; V. 70. p. 739. See official
Circular In V. 69, p. 178; also p. 26, 129, 541; V. 70, p. 429. 995.
The 4 p. o. collateral notes of the railway company ($5,000,000 authorized Issue) are secured by deposit of $7,000,000 railroad refunding
bonds, part of $8,000,030 issued to the railway for advances made for
Improvements. V. 77, p. 1746.
In Dec, 1902, made a joint equipment trust for $475,000 with Mobile
A Ohio RR. oovering 500 freight oars. V. 76, p. 47.
General Finances.—The new management has made large expenditures for the development of the property,.
The cancellation in
1902-03 of the lease by the St. Louis Peoria A Northern of Chicago
terminals relieved the Alton in 1903 of an annual rental charge of
$96,000, increasing later to $150,000. V. 77, p. 950. Expenditures for
improvements and equipment for 3 years ending July, 1903, were
$12,943,329. V. 77, p. 1226.
Latest Earn'b— 8 mos..>1903 4 ....Gross, $7,882,985; net.$2,61\234
July 1 to Feb. 29.
$1902-3
Gross, t>,809,415; net, 2,202,155
rates a great system of roads extending
Lines east of Missouri Riv. Miles.
(standard gauge)
4,056
Leased and operated jointly.
I
|
West of Missouri Riser.
Miles.
Seourit's all owned, leased In
2111
perpet'tr(B.*M.R.inNeb.).3,989
Controlled (narrow gauge)..
67
Total operated in system June 30, 1908
8,323
The stockholders voted on Nov. 4, 1903, to purchase the Iowa
A St. Louis RR., Centrevllle, la., to Macon, Mo., 100 miles, and projected to extend to St. Louis and to 81oux City, la., a total of 510 miles
(V. 76, p. 653). Quinoy RR. Bridge (V. 75, p. 1030; V. 76, p. 1083) and
Burlington A Western (V. 76, p. 509), Winona Bridge (V. 77, p. 249).
Organization. Ac. This was a consolidation
July, 1875, of the
Chicago Burlington A Quinoy In Illinois and the Burlington A Missouri
River in Iowa. Chloago Burlington A Northern and other subsidiary
lines In Illinois were absorbed in May, 1899. V. 68, p. 975. In
1900 purouased the remaining leased lines in Iowa and Missouri, viz.:
Kans. C. St. Jos. A Co. Bluffs, St. L. K. A N. W.. Ohio. Burl. A K. 0.,
Han. A. St. Jos., Keokuk A West, and Chio. Ft. Mad.
Des Moines,
Burl. A Missouri River, etc V. 71, p. 697, 868, 9«3; V.73, p. 137, 899.
In July. 1903, $107,603,500 of the $110,839,100 stock had been exchanged for the joint 20-year 4 p. o. bonds of the Gt. Northern and
Northern Pae. secured by the deposit of the stoek In trust, on the basis
of $200 In bonds for $100 stook. See oirouler, V. 72, p. 871, and application to list. V. 73, p.294. and description of bonds under Great Nor.
In Feb., 1902, purchased Kansas City Peoria A Chicago Ry., West
Quinoy to Pattonsburg, Mo., 196 miles, and in June, 1902, practically
all the bonds and stock of the Jacksonville A 81 Louis Ry., Jacksonville, to Centralia, 111
112 miles. V. 74, p. 426, 1307; V. 75, p. 793.
In July, 1902, extension from Billings, Mont., northwest to Great
Falls, on the Great Northern, was proposed.
For legal reasons the road is leased to the Ohio. Burl.
Quinoy Railway (which see below) for 99 years from Ootober, 19ol, at 7 per
oent per annum on stook. V. 73, p. 842, 1011, 1061, 1207, 1312.
Capital Stock.—The stook has been increased for the acquisition
of new lines, retirement of over $15,000,000 convertible debentures,
etc.; In 1880 a 20 p.o. distributionwas made. See "Organization" above.
|
m
A
,
A
Drvs.— ) '81-87 '88 '89 '90 *91 '92 '93 '94 '95-'97 '98 '99 to Sep., '01
Per oent. $ 8 yrly 5
4 5 4^ 5
5 4\ 4 yly. 6** 6 yearly.
On June 15, 1901, 2 p. o. was paid for the 4 months ending July 1,
1901, when interest on the new Great Nor. -Nor. Pae. collateral trust
4 per oent bonds began; Sept., 1^ p. o.; first quarterly dividend under
lease, 1S» p. o., paid Jan. 1, 1902, dlvid. being paid Q.-J.; V. 74, p. 41.
Bonds.— For full description of each loan see the editorial artiole on
pages 3 to 6 of Supplement of Oot., 1896, and Chronicle V. 63, p. 775.
The mortgage of iSoa for $Sj,ooo,ooo secures bonds dated July 1.
1899, maturing July 1, 1949, and to bear Interest at not to exoeed 5
percent. Such bonds as may be issued bearing 3 4 per eent interest
will be subject to call at 105 per oent and accrued interest and those
bearing interest at less than 3*3 p. o. at par and Interest on any
coupon day after thirty years. The issue is limited to $85,000,000,
and the lien securing the bonds will become an absolute first mortgage,
oovering all lines east of the Mississippi River, upon the pay-
1606
RAILWAY STOCKS AND BONDS.
L
YOL. LXXVI1I.
RAILWAY STOCKS AND BONDS.
Apr.. 1904.]
RAILROADS.
Miles
For explanation of oolumn headings, Ac, see notes
on
first
page of
tables.
<& Quincy — (Concluded) —
Burl.AMo.RR.lnNeb.,B.f.'rorAt.AN.RR.stk.NB
Hannibal & St. Jo., consol. M., now 1st M..F.O"
K.C.St.J.A Coun. Bl.,con.M. (Nos. 1 to 500pf.)o*
Date
of
INTEREST OF DIVIDENDS.
Size, or
of
Par
Amount
Road. Bonds Value. Outstanding
Rate per
When
Where Payable, and by
Cent.
Payable
Whom.
Chicago Burlington
lstMs.Nod.andTark.Val.RRs.s.f.fdr.atlOOJ.o*
Rep.Val.,l8tM.,gu.,(dr.atl00)s. f., $14,000 y'ly.c
o"
Atch. A Neb., IstM., At. to Lin., Neb., etc., guar.
N.W.RR.lstM. guar., s.f.l p.c.notdr'n.
Llnc'n A
o'
Chicago Cin. <£ r.ouisv.—C.R AM. IstM.. g
Gen. M.. $900,000, call at 110 aft. Oct, '10.
Chicago & Clncln. IstM ,$750,000. g., call. text.
Cin. Ind. & W., 1st M.. $600,000 call. text.OB.o'
..c*
Ch. Cin A L. refunding mortgage. A B.
Hoosler Equip. 1st M., ser. A. guar. p. <& l.BB..
Equipment trusts, $300,000, part due yearly..
Ohic. <£ East. Illinois—Com. stk. ($15,000 p. m.) i»ip
Pf. et'k, $10,000,000,6 p.o.non-cam($10,000 p.m.)
Ce.o'
letmort. (8. f. $20,000, no drawings)
Danville A Grape Creek RR.- 1st M., assumed., o*
o*
Extension, 1st mortgage
Ce.o*
Consol. mortgage (for $6,000,000) gold
o*
Collateral trust bonds, sinking fund
Gen'l oonsol. and 1st mort. $30,000,000.. Cecfer
Chlo.AInd.Coal— IstM. $25,000 p.m.,ass'd.IYIp.o*
Evansv. T. Haute A Chic, Income mortgage
Indiana Block Coal, 1st mort., s. f., call at par...
Car trusts, lnol. Int., Jan., '04, aue $10,921 m'tlUy
Equipment bonds, ser. B, due quarterly
QKic.dkEnt— IstM., g., Int. guar, till prln. paid. Ce.c*
Income bonds for $10,000,000 5 p. o. non-cuin.N
Terminal 1st mortgage, gold
OB
AB
,
The sinking funds held
alive
June
289
249
61
90
145
73
180
mmmm
50
33
264
• •
•
a.
>••
a.
107
7
15
127
729
174
49
1880
1881
1877
1880
1879
1878
1880
1900
1903
1902
1902
1903
1902
1903
....
1877
1880
1881
1884
1887
1887
1886
1881
1878
••" "
249
249
30, 1903, of the
1903
1890
1890
1888
4
$1,000 h$3347,000
6
1,000
8,000,000
100 Ac.
5,000,000
7
1.000
7
335,000
600 &o. kl,078,000
6
100 Ac.
7
1,125,000
1,000
600,000
7
1,000
5 g1.804,000
1,000
161,000
6 g.
1,«00
5 g.
750,000
1,000
600.000
5 g1,000
2,000,000
4*a g.
1,000
450,000
5
1,000
300.000
5 g
100
7,217,800 6 in 1903
100
6,830,700 6 In 1903
100 Ac.
6
2,989,000
1,000
97,000
6
1,000
6
91,000
1,000
2,788,000
6g.
1,000
42,000
l.OOO&c 15,323,000
1,000
5
4,626,000
1,000
150,000
6
500 Ao
150,000
7
1,201,165
1,412,000
5
1,000
12,000,000
5 g.
l.OOO&c 10,000,000
Mostly
5 g.
300.000
8*
bonds given above as outstanding
ment
of $21,699,000 consolidated mortgage 4 per cent bonds due
1905, and of $2,320,000 Chicago A Iowa Division 5 per oent
bonds due Feb. I, 1905. Sufficient of the new loan is reserved to take
up the old bonds and $41,000,000 were issued In 18991903. The
remainder has been used for additions, etc See V. 68, p. 771; abstract,
V. 69, p. 283; V. 69, p. 795; V. 74, p. 1307; V. 75, p. 665; V. 78, p. 1391.
The loioa Division bonds are a first mortgage on the main line In
Iowa from Burlington to East Plattsmouth on the Mo. River, 278 miles,
and on 120 miles of branohes; they are also a first collateral Hen on 420
miles of branches and 86 miles of seoond track. These bonds have a
sinking fund of 1*2 percent ($203,800) yearly, for whloh the 4s are
subject to call at 100, the 5s at 105. The single main line and branohes
oovered "shall not exceed In the aggregate 900 miles," at $16,000
per mile on second track (of which June 30, 1903, there were 86
miles) may be issued an additional $14,000 per mile. V. 65, p. 462.
Denver Ext. bonds can be Increased only for 2nd traok at $lO,000 p.
The collateral trust Nebraska extension bonds of 1887 are issued at
$20,000 per mile for single and $10,000 per mile for seoond track on
not exceeding 1,500 miles. Abstract of deed V. 45, p. 441.
Burlington dk Missouri BR. in Nebraskaconsol. mortgage of 1878 Is for
$14,000,000, and is now a 1st M. or 1st collateral lien; all except the
exempt bonds are subject to call for the sinking fund at par; $171,400
retired In 1903. The " exempt" bonds may be called after 1908.
July
1,
;
m
General Finances.— Corn being one of the principal articles carried
the earnings vary greatly according to the size of the orop.
In Mar., 1901. stockholders subsoribedfor $9,922,700 new stock at par.
In Mar., 1904, $5,000,000 5 per oent notes were sold, dated Mar. 15,
1904, due Dec. 15, 1904, and secured by $7,000,000 Illinois Div. 3*4%
bonds, with a "20 p. c. margin, to be keptlgood." V. 77, p. 146, 195;
V 78 r» 988
in Apr., 1904, sale of $14,492,000 Illinois division bonds was pending; interest rate undecided. V. 78, p. 1391.
Annual Report.— Fiscal year ends June 30. Report for 1902-03 was
In the Chronicle, V. 77, p. 1288, 1298, (see also editorial, p. 1261),
showing operations, including results of the O. B. A N., etc.
1902-03.
1901-02.
1900-01.
Miles operated June 30
8.324
8,124
7,912
Freight
$42,782,406 $36,072,079 $33,662,221
Passenger
14,136,281
12,857,267
11,624,746
Mail and miscellaneous
5,719,692
4,865,899
4,765,02 2
Gross earnings
$o2,638,379 $53,795,245 $50,051,989
Expenses and taxes
40.542.473
35,682,875
34,069,90 8
Net
$22,0*5,906 $18,112,370 $15,983,081
Otherincome
Total Income
346,540
340,805
380,797
$22,442,446 $18,453,175 $16,363,878
9,116,338
8,370,064
8,238,471
$13,326,108 $10,083,111
$8,125,407
*8,819,722(6ig)6,652,557
•8,834,570
*4,491,538
$1,263,389
$1,472,850
Int., rent, etc
Balance
Dividends
Surplus
*
Of
and $8,606,1 >0 in 1901-02 was applied directly as
on Nor. Pac.-Ureat Northern joint bonds as a matter of convenience.
this, 18.606,762 in 1W02-08
interest
Directors.— Geo.
B. Harris (President), Chicago, III.; Charles B Perkins of
J.J. Hill. St. Paul, Minn.; W. P. Clough, Robert Bacon. E. H.
Harriman, Jacob H. Scnifl, George J. Gould, H. McK. Twombly, Norman B.
Ream and Edward T. Nichols of New York: George B. Harris ofiChicaeo. 111.
(V. 77, p. 1288, 1298, 1746, 2389; V. 78, p. 988,1391.)
Burlington,
la.;
—
Chicago Burlington & Qnlncy Railway.—Leases the
A Q. Railroad system for 99 years from October, 1901,
Burl.
per cent on
Chic.
at 7
Incorporated in Iowa on Oot. 16, 1901.— V. 73,
p. 842, 1 207. See C. B. A Q. Railroad above and Northern Securities
Item. V. 73, p. 1357. Stock authorized, $100,000,000; In July, 1903,
not yet Issued. Th^ joint income account of the Railway and Railroad
for year ending June 3o, 1903, shows surplus over 7 p. c. dividends
on Railroad stock of *4,49 1.537, or over 4 p. o. on the Railway stock.
Directors.—George «. Harris, President; Charles E. Perkins, John S. Kennedy,
James J. Hill, \V. P. ClouMh, Georg« W. PerKins. E. H. Harriman, M. L. Schiff,
W. H. Mclntyre, James Stillmau and Darius Miller.— (V. 7a, p. 842, 8w9, 1312.)
its
stock.
Chicago Cincinnati & Louisville BR.— (See Map. )Owns CinHammond, Ind. (near Chicago), 264 miles. A consolidation
cinnati to
&
on June
4, 1903, of the Cincinnati Richmond
Muncie RR. and Cincinnati
Indiana Western RR. V. 76, p. 1247. The Cincinnati
Louisville KB. was incorporated on Nov. 17, 1902, with $500,000
stock, to build a road from Cincinnati to Louisville. V. 75, p. 1147.
Stock autb., $1,356,000; outstanding, S4.206.000; par of shares, $100.
The Cin. Richmond
Munoie 1st 5s, Chicago
Cincinnati, and Ciu.
Ind. West, issues are all subject to call at 110 after 10 years from
their issue, the Cin. Ri h.
Muncie after Oct., 1910. See official statement, V. 71, p. 1066; V. 74, p. 1195. In Aug., 1903. made a mortgage
to the American Loan A Tiust Co. of Bostou and Union Trust Co. of
Indianapolis, as trustees, of which sufficient are reserved to retire,
all prior issues, including equipment mortgages; balance for extensions, improvements, etc V. 77, p. 349, 1532. Pres., W. A.Bradford
Jr.; Sec. and Treas., Geo. A. W. Dodge, 40 Water 8t., Boston.— (V. 77,
p. 249, 349, 1532.)
&
&
A
&
&
&
RR.— Operates road (double track
106 miles) from Chicago, 111., to Terre Haute, Ind.,
and bituminous coal fields; also to Thebes and Joppa, 111.
An extension from the main line at Findley to Pana, 111., on the CI.
Cin. Chio. & S. L., 22 miles, is being built, affording with trackage over
Chicago
dc
Eastern Illinois
to Danville Jot.,
:
1607
Bonds — Prinolpal.When Dae.
Stocks— Last
Dividend.
A J. Boston, Bk. of Com'roe.
& e. N.Y.,Bk.ofNo.Amerlca.
j. a j. Boston, 2d Nat'l Bank.
do
do
J. & D.
J. & J. Boston, Bk. of Com'roe.
M. A 8.
do
do
Boston. Co.'s Offloe.
J. & J.
A. A O. Bost., Old Col. Tr. Co.
J. & J. Bost.. Am. L. & Tr. Co.
F. A A. Bost., Old Col. Tr, Co.
J. & D Bos., Old Colony Tr. Co.
J. & J Bost., Am. L.'&JTr. Co.
J. A J. Bost., Bost. S Dep. ATT.
J. & D. Boston, Am. L. A Tr. Co.
J. A J. N.Y., Hanover Nat. B'k
do
Q.-J.
do
N. Y.. 4th Nat. Bank.
J. & D.
M. A N. N. Y., Central Trust Co.
J. A D. N. Y., Fourth Nat. Bank.
A. & O. N. Y., Central Trust Co.
F. A A.
do
do
M. A N.
do
do
N. Y., Met. Trust Co.
J. A J.
M. & N. N.Y., Farm. L. ATr. Co.
do
J. A J.
do
New York.
J. & D.
M. A N.
New York, Erie RR.
owned by Erie RR.
New York. Erie RR.
J. A J.
J.
Jan.
m.
Moh.
Of g, $6,204,600;
li,
$1,933,000;
Jan.
June
1,
1,
1,
1,
July 1,
Moh. 1,
Jan. 1.
Oct.
Jan.
Feb.
June
July
1,
1,
1,
1,
1,
1910
1911
1907
1920
1919
1908
1910
1950
1951
1952
1952
1953
July, 1904-12
To June, 1913
Jan. 2, '04,
3%
m
Apr. 1, »04,
Deo. 1, 1907
May
Deo.
Oot.
Feb.
Nov.
Jan.
May
1,
1,
1,
1,
1,
1,
1,
1,
1920
1931
1934
1912
1937
1936
1920
1908
July
To Apr. 5, '18
To June, 1910
May
1982
1982
July, 1918
Oct.
1,
1,
k, $454,400.
the Big Four a through line for the 'Frisco to Chicago.
V. 75, p. 1087.
Extension from Woodland to Villa Grove, 60 miles, is to be completed by July 1, 1904.
Miles. Coal Bluff, Ind., to Casey, Ind.
7
Lines owned in fee.
Dolton to Danville, 111
107 Branohes to Coal Mines
15
Danville, 111., to Brazil, Ind.... 61 Ross ville & Eastern branch.... 14
k
Momence
Jo.,Ill.,to
Danville Jo.,
111.,
Brazil,Ind.l30
to Thebes,T11.277
Joppa Jet. to Joppa,
16
111
Cissna Jc. to Cissna Park,
111..
11
Rossville Jo. to Sldell Jo., HI.. 34
Peroy Jot. to La Crosse, Ind. . 46
Double track
nc>
Sidetracks
334
Trackage, etc.
Chicago to Dolton, Ch.AW.Ind. 17
Otter Creek Juno, to Terre H..
6
.
Total operated July, 1903.... 752
August, 1902, the St. L. & San Fran,
acquired the greater part of the stock, as said below. The road will
form part of a through line to New Orleans, expected to be opened by
Milford Jo.,Hl.,to Freeland.Ind 11
Ac—In
History, Leases,
the
summer
of 1904.
The Chicago A East 111. owns $1,000,000 stock of Chio. A Western
Indiana -having all the local traffic of the latter road from Dolton
Into Chioago. Special lease of Chicago freight terminals, V. 78, p 819.
In 1902 the traffic contract made in 1890 with the Evansville A
Terre Haute for the operation of a through line between Chicago and
Evansville was still in force. (V. 55, p. 995.)
In 1902 the Southern 111. A Missouri Bridge Ci. (which see) let contracts for a bridge across the Mississippi River, forming with St. Louis
Southwestern a direct line to Texas points. V. 71, p. 1219; V. 74, p. 936.
Stock.— In addition to the amounts outstanding in table, $5,250,600
common and $1,135,000 pref. were In treasury In July, 1902.
In Aug., 1902, the St. Louis A San Francisco RR. gave in exchange
for the common and preferred stock its stock trust certificates at the
rate of $100 thereof for each $100 share. V. 75. p. 289. In Jan., 1904,
$7,149,200 of the $7,217,800 common and $4,171,700 of the $6,830,The St. Louis
700 preferred had been exchanged on this basis.
San Fran, has the optiOK to retire the trust certificates at any time at
$250 per $100 oommon stock trust certificate and $150 per $100
pref. stock trust certificate, payable in gold, and obligates itself to
pay off the entire issue in 40 years from date at the same rates meanwhile obligating itself to pay 10 p. o. dividends on the common and 6
per centum on the preferred trust certificates, respectively, these
amounts being equivalent to 4 per cent on the principal sum to be
eventually reoeived in payment therefor. Upon failure to pay any
dividend within 30 days after demand therefor, any holder may surrender the certificates to the trustee and receive the shares represented
thereby. See also V. 75, p. 289, 393, 1031.
Dividends—
)'91. '92- »7. '98. '99. '00. '01. '02.' 03.
1904.
On pref., p.
> 4*s 6 yrly 6
6
6 6
6 Inc. Apr., 3
6
Common, p. c
6
Jan., 3
>
2^ 3 1* 413
Bonds.—The general consol. and 1st mortgage of 1887 (trustee. Central Trust Co.) provides for the retirement of $6,042,000 prior bonds and
for issue of bonds on new road at $18,000 per mile for single track
also for bonds for equipment at $7,000 per mile and for double track at
$8,000 per mile. In 1897 the total issue of gen. oonsol. bonas was
limited to $30,000,000 and bonds were reserved for Chicago *>
Indiana Coal firsts. See V. 64, p. 1088; V. 78, p. 1446. 8erles B
&
5^6
equipment bonds mature $57,000 each June and Deo. and $56,000
each March and Sept.
General Finances.—This oompany owns most of the capital stock
of the Brazil Block Coal Co., and carries all its ooal. It carries also
the ooal of the Danville, Clinton and Williamson county fields.
EARNINGS.— For 8 mos. ending Feb. 29:
8w»o«.
dross.
Aet
Bal.,sur'
Oth. income. Charges',
1903-4. ...$5,978,579 $2,110,776 $153,878 $1,028,263 $1,236,391
1902-3.... 5,028,136
185,742
1,114,108
1,349,248
2,277,614
Later earnings are included in those of the St. Louis A San Francisco.
annual Report.—The annual report for 1902-03 was in V. 77, p.
1530. Rate per ton per mile was 0455 ots. In 1902-03.
Tear end. June 30.
1900.
1903
1902.
1901.
Miles operat. June 30
751
727
711
738
Gross earnings
$7,723,848 $6,277,494 $5,659,446 $5,148,897
Oper. exp. A taxes... 4,552,089 _SL699,732
3,471,294
3,063,627
Netearnlng8
$3,171,759 $2,577,762 $2,188,152 $2,085,270
Net(inol.oth.lncome).$3,544,558 $2,826,909 $2,407,215 $2,300,159
Interest paid
1,126,139
1,612,999
1,201,671
1,245,889
Rentals
183,648
157,523
132,138
137,578
Div. on pref. stook. .(6) 409,842 (6) 409,842 (6)379,842 (6) 349,842
Div. on com. stock. . (6) 433,068 (6) 43i;868(5^)370,879 (4i«)278,901
129,205
Constr'n,depreo'n,eto. 589,971
317,245
607,172
Balance
None.
None. er. $232,424
$341,155
Officers.— President, B. F. Yoakum, New York; Vice-Pres., W. H.
Lyford, Chicago; Secretary, J. S. Ford. N. Y. offioe, 71 Broadway.
(V. 77, p.2338; V. 78, p. 342, 819, 1446, 1496.)
Chicago Sc Erie
(See Map ErieBR.)—OwnB from Marion, O.,
to Hammond, Ind., 249 miles, and leases trackage over Chioago A
West. Indiana to Chioago, 20 miles. Erie. RR Co. owns entire $100,.
—
RR.—
000 stook.
Bonds.—The first mortgage (trustees Central Trust Co. and Edward
Daniels) covers 249 miles of road, the oontraot with the Chioago A
Western Indiana, $1,000,000 of that company's stook and $240,000
stook of Chioago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.
1
RAILWAY STOCKS AND BONDS.
60S
[Vol. l xx viii.
MAP OF THE
CHICAGO, CINCINNATI
AND
LOUISVILLE
azso
I
i
IS
\>RICE
:
n m
.llJ
".MI
-
L«3lji
t
t.
e
P
I
I
MAI* OF TilK
Chicago, Cincinnati
&, Louisville
Railroad.
Entranrr nnd Terminal ut Ciiicinnuti.
R. R.
Apr.. 1904.]
RAILWAY STOCKS AND BONDS.
I
COO
:
:
RAILWAY STOCKS AND BONDS.
1610
RAILROADS.
Tor explanation of column headings,
on first page of tables.
<fec,
Miles!
of
see notes
Date
81ze, or
of
Par
Amount
INTEREST OR DIVTDEND8.
Rate per When wnere ±*ayaDle, and
Road. Bonds Value.
Lxxvm.
Bonds— Principal, When
by
Whom.
Payable
Cent.
& Or. Trunk—See Gr. Tronk West. Ry.
OMeai/0 Great Western—
[Vol.
Stocks
Due
— Last
Dividend.
Chicago
Deb. stock, oum.,
g.,
$30,000,000, dlv. In cash,
Jan.15,'04,
"Too
Preferred stock A, $15,000,000, 5 per cent, gold.
Pref. stock B, 4 per cent $10,000,000
Feb.29,'64,2%
100
100
1899 Various
1903 Various
Common stook,
$50,000,000
Sterling 5-year notes 5s (no M.) $40,000 due Nov.
Sterling 5-year notes (no mortgage) red. at 101..
Goldnotes
Hammond <& West'n— See Chic. Junction Rt.
Chicago d Indiana Goal See Chic. A Eastern II i.inois
43 1902
Ohic. Ind. <t East— 1st M., g., red. 115 (text). IV. o*
1903
Improvement mort., $100,000, g., red. at 103...
Ohic.
—
Chicago Indianap,
<£
Louisville—Com.
4 g. J. <fc J. London.R.Benson A Co.
3,089 [No lnrst
11,372,400 5 In 1903 Semi-an London, R.Benson & Co.
9,468,090 5 None ) Semi-an
do
do
29,921,045 I paid. \
88,485
5 g. Seml-an London or New York.
do
do
3,134.787
5
Seml-an
do
48,485
do
5
$100 $27,577,000
g.
Debenture scrip (not Interest-bearing)
Stock...
1,000
500
100
100
50').000
5
g-
6 g
(?)
10,500,000 See text.
Preferred, 4 per cent, non-cum., $5,000,000
5,000,000 4 In 1903
L.N.A.&C, 1st Main Line—N. A. to Mich. Clty..o* 289 1880
1,000
3,000,000
6
162 1881
1st M., Chlo. & Ind. Dlv., Chlo. to Ind., golcL.o*
1,000
2,300,000
6 g.
509 1897
1,000
C. I. & L. refunding mort., $10,300,000, gold..Ce
4,442,000
5g.
509 1897
Do
1,000
gold 6s, issued for old consols
4,700,000
6g.
1900
1,000
Con.StoneCo.lstM.,$250,000,g.,gu.,p.<fel.red.text
118,000
6g.
Indiana Stone RR. 1st M., guar
1.000 In treasury.
5g.
Chic. Ind. <* St Louis Short Live - See Cleveland
Cm. Chic. & ST. L.
Chicago Junction Common stook
100
2,200,000 All owne
Chlo. Ham.
West., 1st M., $2,500,000, g...o**r 27 : 48 1897 500, Ac
2,390,000
6 g
Chi. suite.
100 58,183,900 7 In 1903
St. Paul—Common stock (Hee text)
100 47,864,400
Preferred stook7 per cent yearly, not cumulative.
7
Consol. mort., conv. Into pref. Btook
1,000
F.c* 1,435 1875
1,751,000
7
I. & D. Ext. 1st M., convert. Into pref
1,000
F.c* 335 1878
1,048,000
7
8. W. Dlv. 1st mortgage Western Union RR..0*
212 1879
1,000
4,000,000
6
&
&
—
Chicago \A. GrBud Trunk Ry.—See Grand Trunk Western Ry.
Chicago Great Western Ry.— (See Map.)—Road.—Operates the
"Maple Leaf" route, radiating from Oelweln, la., northerly to St. Paul.
easterly to Chloago and southerly to Kansas City and Omaha, embracing:
Lines
Owned—
& Kan.
Miles.
—
City Ry
Chloago to St. Paul, Minn.,
Trackage,
Miles.
etc.
11
Paul to Minneapolis
Chicago terminals (V.71, p. 442) 10
and St. Joseph, Mo
14
691 Dubuque to Aiken
Branohes to Hayfield, etc
132 Des Moines terminals
3
Bee Creek to Beverly
23 Leavenworth to Kansas City.. 46
Operated under agreement
IT which see.
Mason City & Fort Dodge
1T263
Wisconsin Minn. & Pacific... 1J271
Total operated Jan., 1904. 1,464
History.—The Chicago St. Paui & Kansas City was organized in
May, 1886, and in December, 1887, merged with Minnesota & North
western. In August, 1892, reorganized per plan, Vol. 55, p. 856.
On 8ept. 7, 1893, the Great Western acquired by deed the title of the
Chloago St. Paul <fe Kansas City Ry. (815-67 miles). In June, 1902,
the old mortgages were satisfied of record. V. 74, p. 726. As to 7-year
contracts made in 1902 with packing companies, see V. 75, p. 341.
SECDRrTiES.—The holders of debenture and preferred A stock appoint the finance committee, which exeroises general supervision of
finances. Additional securities of said issues can be put out, but only
with consent of a majority of both said classes of stock present at a meeting. Seouritles of other issues having a Hen prior to preferred A can be
created, but only with consent of two-thirds of both olasses. The several olasses in case of liquidation will have principal paid in gold, acOhic. St. P.
St.
—
cording to their priority right to dividends. At extraordinary general
meetings of holders of debenture stock and preferred A stock collectlvely, holders of one-tenth of said stocks outstanding, present or represented, constitute a quorum and by a majority vote have power to
sanotion any modification of the rights of said stocks. For rights of
each class of stock see editorial in Supp. for October, 1897; see also V.
71, p. 441.
In 1898 the authorized Issue of 4 p. 0. debenture stock was Increased from $15,000,000 to $30,000,000 for future refunding and improvements. See Finances below. V. 66, p. 133, 663, 1088.
In Nov., 1902, $6,500,000 common stock was Issued to purchase the
outstanding stock of the Mason City & Ft. Dodge RR., Manly Jot. to
Ft. Dodge, la., and branches, 130 miles Mason City & Ft. Dodge Ry.,
Hayfield, Minn., to Manly Jet., la.; Oelweln, la., to Hampton, la., 121
miles, anrl balance of stock of Wis. Minn. & Pacific RR., 272 miles. V.
Stockholders voted Feb. 18, 1903, to Increase common
75, p. 1201.
stook from $30,000,000 to $50,000,000.— (V. 75, p. 1201, 1253)
JjrviDENDS.— On pref. "A"paid Jan., 1899, 2p.c; In July, 1899 2p. c;
in 1900 to Fob., 1904, both inolusive, 5 p. 0. yearly (F&A).
FiNANCE8.-On March 17, 1902, $3,437,000 additional debenture
stook was authorized; also the sale of two branches from Hayfield,
Minn., to Manly Jet., la., 49 miles, and from Waverly, la., to Hamp
ton, 42 miles, to the Mason City & Fort Dodge RR. for $1,386,000 of
first mort. 4 p. 0. gold bonds of latter; V. 74, p. 726; V. 75, p. 559, 665.
In 1903, $2,000,000 five-year 5 p. o. notes were issued. V. 76, p. 809.
Early in 1901 Vermilye & Co. became the flsoal agents of the 00mpany, their Mr. Read entering the directory. See V. 72, p. 580.
In Apr., 1901, a syndicate acquired all the stook and bonds of the
Mason City & Fort Dodge RR., Mason City to Fort Dodge, la., 92 miles,
the purchase Including coal fields near Ft. Dodge, and arranged to
extend the road from Manly Junotion to Mason City, 12 miles,
and Hampton to Clarion, 30 m. (both completed), to oonnectwith
the C. Gt. w and also southwest from Fort Dodge to Council Bluffs,
133 miles, the latter being opened ;Dec, 1903. whence trackage over
U. P. to Omaha, and westerly to Sioux City, a total of about 250 miles.
In 1902-3 two branches were transferred, the Mason City & Ft. Dodge
Railway (see above) extending the lines of the Mason City & Ft. D.
easterly to the C. G. W. main lino. V. 77, p. 641; V. 78, p. 988.
Wisconsin Minnesota & Paaitto RR., Red Winir, Minn., to Mankato,
94 miles, in 1901 purchased Duluth Red Wing & So. and the Winona &
Western, makiug 246- miles then owned, and built a 27-mlle connecting link. Both of the roads are operated for 100 years under agreements dated Apr. 1. 1901, the Chic. Gt. West, reoeivlng their entire
net earnings above interest on bonds and owning their entire stocks.
V. 73. p. 566. 722.
V. 74, p. 93; V, 75, p. 1201.
In Mar., 1901, plans for permanent coal supply and 70-mile extension were proposed. V. 78, p. 1219.
;
.
,
Earnings.— h mos.,
) 1903-1. ...Gross, $5,6!S7.772;
net, $1,465,973
July 1 to Feb. 29.
Gross, 5,165,025; net, 1,447,087
\ 1902 3
Semi annual report in V. 78, p. 1219, showed: For 6 months ending
Deo. 31, 1903.net, $1,281,031, against $1.172 686 in 1902; charges,
$961,089; dlv. on pref. A (2»« p. a), $284,810; bal., sur., $32,702.
Report.— Report for 1902-03 In V. 77. p. 624, 639; editorial, p. 600
.
1903.
1902.
1901.
1900.
Tear ending June 30.
$
$
$
$
Gross earnings,
7,823,191 7,549,689 7,013,861 6,721,037
Net income
2,184,662 2,000,230 1,978.346 2,026,814
Rentals (incl. equipment). 408,144
390.815
440,604
463,930
Interest paid
174,585
147,999
188,973
272,255
Intln cash on 4% deb. stk.l, 025,893
925,207
780,610
568,650
Dlv. on pref.stook "A".(5%)568,620 (5)568,620 (5)568,620 (5)5681620
Miscellaneous
6,568
8,645
9.574
Balanoe
sur. 7,620 sur. 21,021
def.9,106 sur. 143,786
M.
J.
J.
J.
&
A
&
&
J. &
J. &
M. &
M. &
F.
<fe
A.
A.
J.
J.
J.
&
A
&
&
<&
&
J'ne&Nov., 04
Various, 1908
1907
,
N. N. Y., N. Y. See & Tr. May 1, 1942
D. Met-Tr.&Sav.Bk., Ohio. Jan. 1, 1909
N. Y. J.|P. Morgan & Co. Dec.29,'03, IJ4
do
do
Deo.29,'03, 2%
D.
,
do
do
do
do
do
do
do
J.
do
J.
N. Am. Tr. & 8av.Bk.,Chio
New York.
S.
J.
A.
July
Aug.
July
July
May
Sept.
1,
1,
1,
1,
1,
1,
1910
1911
1947
1947
1920
1948
Ry. & Un. Stk. Yds. V. 68, p. 326.
N. Y., Cent'l Trust Co. Jan. 1, 1927
O. N.Y.Offioe,30 Broad St. Apr.22, 01,3ifl
Apr.22,'04,3i«
do
do
O.
dbyCh.
J.
2%
J.
J.
,
do
do
do
J.
J.
J.
do
do
do
July
July
July
1,
1,
1,
1905
1908
1909
Officers. —President, A. B. Stiokney; Vice Pres., A. Oppenhelm;
Secretary, R. C. Wight; Treasurer. R. O. Barnard; all of St. Paul.
Directors— A. B. Stlckney, A. Oppenhelm, S. C. Stlckney, F. Weyerhaeuser, J.
W. I.usk, H. E. Fletcher, T. H. Wheeler, William A. Read. R. C. Wight. New
York office 31 Nassau St.— (V. 77. p. 624, t»3tf; V. 78, p. 286, 76$, 983, 1219.)
Chicago Indiana
Eastern Ry.—Owns Converse, Ind., to
Munoie, 43 miles. Capital stock authorized, $1,000,000. Of the
Is* 58 of 1902 ($1,000,000 authorized) $500,000 are reserved for
future requirements. A sinking fund, beginning 1907, will retire'5s
of 1902 yearly.
In Dec, 1903, filed a mortgage for $100,000 to the
Metropolitan Trust
Savings Bank Co. of Chloago, to provide for Improvements. See V. 78, p. 286. Da year ending June 30, 1903, gross
earnings, $125,029
net earnings, $39,230; total deductions, $32,024; bal , sur., $7,206. Pres., H. E. Drew, Matthews, Ind.; VioePres., Clarence A. Knight, Chloago, 111.; Sec. J. H. Miller. Office, Matthews, Ind.- ( V.75, p. 848; V. 77, p. 2279; V.78, p. 286).
&
&
;
&
Ry.-
Chicago Indianapolis
'Louisville
(See Map .)— operates the "Monon Route" from Chicago, HI., viaMonon, Ind., to Indianapolis, Ind., and Louisville, Ky., with branohes. The system Includes
Lines ownea
Miles.
Oper. under contract
Miles.
Indlana8tate Line to Indianap. 162 Chloago to Ind. State Line
20
New Albany to Mlohlgan City .289 j New Albany to Louisville
6
Bedford to Switz City
40 Connection in Indianapolis.... 2
Orleans to Fr . Liok Springs
18 Clear Creek to Harrodsb'g, Ind.
9
8 wltz City to west of Linton. . . 10
—
I
—
I
Total of
556
all
A lease for 9y9 years with Chloago & Western Lidiana (of whose stook
this 00. owns $1,000,000) gives entranoe to Chloago on a mileage basis.
Owns one-third int. In Kentucky & Indiana Bridge at Louisville, Ky.
History.— Sucoessor July 1, 1897, of the Louisville New Albany <*
Chicago Ry., foreclosed per plan in V. 63, p. 922. Suit settled. V.75,
p. 1031.
&
In Aug., 1902, the Louisville
Nashville and Southern Ry. acquired 93 p. c of $10,500,000 common and 77 p. 0. of $5,000,000 preferred stook, on the basis of $78 and $90 per $100 share, respectively,
In their joint 50-year 4 per cent collateral trust gold bonds at par, secured by the stook aoqulred, six-tenths of the purohase price being
payable optionally In oash. See description of bonds under Louisville
& Nashville. V.74, p. 1088, 1138; V. 75, p. 28.
Dividends.—On pref.. 1899, 1 p. c; Oot., 1900, to Dec, 1903. both
Inclusive, 4 p. 0. per annum. First dividend on common, 1 p.c, May
1902; Jan., 1903, 1>4 p. c; June,
p. c; Dec, Ik p. c
Bonds.—Refunding mortgage oovers roadfequlpment, etc (Including
$1,000,000 stook of Ch. «& W. Ind and $240,000 stook of the Belt
Ry. of Chloago)
total authorized issue is $15,000,000, of whloh
reserved to take up existing divisional bonds at maturity, $5,300,000;
to be Issued only for betterments and equipment, not to exoeed $300,000 in any one year, $2,091,000, of the latter of whloh $1,533,000 had
been issued to Aug. 31, 1903. Of the Consolidated Stone bonds
($250,000 authorized Issue) $25,000 are subjeot to call yearly, Jan.,
1903 to 1906, Inolusive, and the balance Jan. 1, 1907. V. 73, p. 41.
Finances.— See statement to N. Y. Stook Exohange In July, 1897,
V. 65, p. 194, and "History" above.
Earnings.— 8 mos., 1 1903-4
Gross, $3,545,232; net, $1,300,997
July 1 to Feb. 29. $ 1902-3.... Gross, 3,273,958; net, 1,261,062
Annual Report.— In V. 77, p. 764, showed
Tear end. June 30— 1903-03.
1901-02.
1900-01.
1899-00.
Gross earnings
$5,066,131 $4,581,158 $4,150,470 $4,177,888
Net earnings
1,949,773
1,728,024
1,496,923
1,549,683
Dividends reoelved. ..
155,751
129,448
135,776
109,787
m
;
Total net income. $2,105,524
Interest on bonds
$772,100
Rentals, eto
224,193
Total
Surplus
Dlv. of 1 p.
$1,857,472 $1,632,704 $1,659,470
$772,100
$771,294
$761,950
199,197
208,636
210,833
$971,297 $979,930
$972,789
$886,175 $652,774
$686,681
0. ($50,000) on pref. was paid Mar. 30, 1899, and semiannual div. of 2 p. 0. ($100,000) Oot., 1900, to Oct., 1903, ItuU on common, 1 p.c ($105,000), paid May, 1902 and 2^ p. 0. In 1903
Officers.—President and General Manager, W. H. MoDoel, Chicago;
Treasurer, W. H. Lewis, 198 Custom House Place, Chloago; Secretary
J. A. Hilton, 80 Broadway, New York.
$996,293
$1,109,231
•
Directors— H. A. 'Hickman. J. H. Emanuel, A. H. Glllard, A. T. French,
Chas. Steele, R.«M. Oallawav, Temple Bowdotn, New York; W. H. MoDoel, G. B.
Shaw, ChlcaKO; J. Murdock. Lafayette, Ind.; Volney T. Mallott, Indianapolis.
-( V. 76, p. 1146; V. 76, p. 157; V. 77, p. 694, 764; V. 78, p. 228.)
Chic. Indian. & St. Louis Short Line Ry.-(V.77, p. 768,2279.)
Chicago Junction Railway.— Owns and operates a belt line
around Ciiioago from Whiting,
Ind., to Franklin Park, 111., from OhapIn the Union Stock Yards district connects
with industries and all diverging roads. Total mileage operated, 74-93
m., of which Chic. Juno. Ry. owns 27-48, the balanoe being operated
under lease, trackage rights and other agreements. As to proposed
extension, in abeyanoe in April, 1904, see V. 78, p 583.
Organization.— Formed in March, 1898, as a consolidation of the
Chloago Hammond & Western and Chicago & Indiana State Line in
the Interest of the Chloago Junotion Rys.dc Union Stooks Yards Co.
Bonds.— First mortgage of C. H. & W. Is for $2,500,000 (trustee, K.
Francis Hyde, N. Y). V. 64, p. 287.
pell.Ill.,
to U. S.Yard8,
and
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1611
*
*
—
t-
.
)
;
RAILWAY STOCKS AND BONDS.
1012
[Vol. lxxviii.
SDb*Ktibpm will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— Princl
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due
Miles Date Size, or
Par Outstanding
of
Rate
When Where Payable, and by Stocks— Laet
of
For explanation of column headings, Ac, see notes
Whom.
Dividend.
Road. Bonds. Value.
Per cent. Payable
on first page of tables.
Chicago Milwaukee
&
Paul — (Ooncl'd) —
St.
419
Mineral Point Division let mortgage
F .0* 133
Hast.ADak.Div.,ext.,letM. ($990 000 5e).F.o* 395
185
o*
Lacrosse A Dav. Dlv. 1st mortgage
WlBO.Val.RR.Co. IstM., Tomah to Merrill, Wie.o 107
NB.o' 161
Wis. Val. Dlv. 1st M. 8. f., not dr'n
NB.o* 351
Dub. Dlv. 1st M., s. f.. not dr'n
120
Chlo. A Pao. Dlv. 1st M. (Ch. to Kittredge).F.c*
gold.F.o* 1,117
do West'n Dlv. let inort., (see text)
68
Chic A Lake Superior Dlv. 1st mort., gold.F.o'
230
Wis. A Minn. Dlv. let mortgage, gold. F
119
Fargo A Southern let mort., gold, aeeumed
....
Ch. Mil. A St. P. Terminal mortgage, gold.. .F.o*
Dakota A Great Southern 1st mortgage, gold..F 159
77
F.c"
Chlo A Missouri River Dlv. 1st mortgage
Gen. M(for $150,000,000), gold Ser. A..Us.o*<fer 5,722
o* 5,722
"B"3ifiB
do
do
Milw. A North'n let mort., Sohwarz.to Gr. Bay..c* 126
F
.
.
362
Chic. Jt N. West.— Com. stk., $77,601,045 auth.Tr 4,273
Tr 4,273
Preferred stock (not cumulative) see text
788
Ch. A N. W. oon. e.f. M. ($12,900,000), not dr.F.o"
Cedar Rapids A Missouri Rlv.— let mort. 3d Dlv. 150
122
M. of 1884, Ced. Rapids to Dee Moines River.
Madison ext. 1st M., g. (e.f. $23,000,not dr*n).F 129
Menominee ext let M., g. (e. f $20,000, not dn F 114
62
Northw. Union let M., g., Mil. to Fond-du-Lao.F
Winona A St. Peter ^u muit. (now 1st) assumed.. 139
184
let mort. ext., gold, land grant, e. f., ass'd.o.F*
.
1880 $1,000 $7,432,000
J. A J.
6
1,000
2,840,000
J. A J.
L880
5
1880
1,000
6,670,000
5 A7 J A J.
1879
1,000
2,500,000
J. A J.
5
1879
500
1,106,500
J. A J.
7
1880
1,000
2,179,000
J. A J.
6
1880
1,000
6,007,000
J. A J.
6
1880
1,000
3,000,000
J. A J.
6
1881
1,000
25,340,000
5 g. J. A J.
1881
1,000
1,360,000
5 g. J. A J.
1881
1,000
4,755,000
5 g. 3. A J.
1883
1.000
1,250,000
6 g. J. A J.
1884
1,000
4,748,000
5 g. J. A J.
1886
1,000
2,856,000
5g. J. A J.
1886
1,000
3,083,000
J. A J.
5
1889
1,000 a24.000,000
4 g.
11
1889
1,000 al0,396,000
3* g.
f
1880
1,000
2,155,000
J. A D.
6
1884
1,000
§4,003,000
6
J. A D.
100 48,333,200 7 In 1903 J. A J.
....
....
100 22,395,000 8 in 1903 Q.-J.
1865
1,000
12,832,000
Q.— F.
7
1866 500 Ac
2,332,000
M A N.
7
1884
769,000
7
J. A D.
1871 500 Ac. b 2,977,500
7 g. A. A O.
1871 500 Ac. c 2,546,500
7 g. J. A D.
1872 500 Ac. d 3,365.000
7 g. M A 8.
1867
1,000
1,592,000
If A N.
7
1871 100 Ac k 4,038,500
7g. J. A D.
*
a Including July, 1903, $3,896,000 In treasury and n ot list ed, see text.
$ $1.08 9,000 additi onal in treasury.
H Coupon interest JAJ; registered Q-J
Earnings.— For year ending Dec. 31, 1903, gross, $2,382,810; net,
charges, $580,270; dividends
f 686,584; other Income, $103,745;
(6 p. c), $132,000; eurplue, $78,059.— (V. 68, p. 326; V. 78, p. 583).
(/lilcago Kalamazoo
Saginaw Ry.-Owns 55 miles, Pavilion
Stook, common, $2,000,000; nreferred, $450,to Woodbury, Mich.
000; outstanding, common, $675,000; pref.. $271,005; par of shares,
$100. The first mortgage le for $225,000 to Union Truet Co. of Detroit,
ae trustee; bonde all in treaeury; current accounts Jan. 1, 1902, $98,336.
In 1901, gross, $84,248; net, $25,715 int. on debt, $9,907
dividends, $6,266. President, Jamee H. Dewing; Treas. and Secy. H. C.
&
;
Potter, Kalamazoo,
Mich.— (V. 61,
p. 1063.)
Chicago Lake Shore \ Eastern Ry.—Embraces
159*04 miles
of track, connecting the varioue works of the Illinois Steel Company at
Chicago, Joliet and Milwaukee with diverging trunk lines, and also
with steamship lines, stone quarries, Industrial eetabllshments, etc;
also by trackage rights over 1 49*54 miles of roads reaches the coal
fields of Illinois and Indiana and Joliet, 111., handling between South
Chicago and these points a large traffic for the Illinois Steel Co. The
Btock, $600,000, and the bonded debt ($3,230,000) are owned by the
Federal Steel Co., and thue controlled by United Statee Steel Corp.
Equipment, Deo. 31, 1899: Looomotives, 54; freight oars, 3,077;
oabooses, 11; steam wrecker, 1.— (V. 64, p. 422; V. 67, p. 428. 483).
€hlcago Milwaukee
St. Paul Ry.— Operates from Chicago westerly to St. Paul. Minneapolis and Lake Superior, Omaha,
Neb., and Kansas, City, Mo., with lines, traversing Illinois, Iowa,
Missouri, Michigan, Wisoonsln, Minnesota and the Dakotas, viz.:
&
Road.
Miles.
Rood.
Miles.
2nd A 3rd tracks
386
Trackage (inolud. 2d track)... 169
History, Ac—The Milwaukee A St. Paul RR. Co. was organized May
5. 1863, and on Feb. 11, 1874, took its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The sale of the Milwaukee A Northern to the St. Paul was
ratified in September, 1893. In Mar., 1903, the Wisconsin Western
R. R., La Farge to Wauzeka, Wis., 51 miles, was acquired, and will be
Lines owned (of whioh 26
mile* owned j ointly)
6,682
operated separately for the present. V. 76, p. 541. In Sept 1903,
purchased 20 miles of Mailnette Tomahawk
Western RR., running
to Merrill, Wis.; a connecting line, 4 miles, being under construction.
Branch from Davis Jet.. 111., to McNabb. 77 miles, of which 40 miles
Is trackage, is to be opened in spring of 1904.
Capital stock.—The preferred stook has a prior right over the
oommon stook to a dividend of not over 7 per cent from net earnings In
each year, but if not earned It has no cumulative right. After payment
of 7 per cent on preferred and 7 on common, both classes share pro rata.
Common stock raised to $58,183,900, by stockholders subscribing at
Jar to 10 per cent increase ($8,673,200) in April, 1901, and $2,362,00 additional sold in Jan., 1902. See below. V. 72, p. 437.
The stockholders voted on Oct. 4, 1902, to increase the
authorized common stook from $58,183,900 to $43,183,900. See
V. 75, p. 793 Preferred stock on Deo. 31, 1873, was $12,274,483; it
has been increased to present figures almost entirely by exchange
of convertible bonds for stock, only about $9,000,000 having been
Issued for other purposes (improvements, etc.). In July, 1903,
$2,953,000 prior lien bonds were exchangeable.
Drvs. since '90. V91. '92. '93. '94. '95. '96. '97 to '00. '01/02. *03. 1904.
On oommon.
2
yearly 6
7
7 Apr.^^
On preferred. > 7 7 7 7 7 7 7 yearly 7 7
7 Apr., 3^
In 1902, on common, April, 3 p. c; Oot., 3*a p. c and *a p. c extra,
making 7 p. c for the year. V. 75, p. 549.
Bonds.— Abstract* of some of the older mortgages were published In the Chronicle, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830.
The following bonds are convertible into preferred stock at any time
within ten days after a dividend shall have been deolared and become
payable on the preferred Iowa A Dakota Extension 7s and Chioago
Milwaukee A St. Paul consols of 1875. The consols of 1874 also
are convertible into preferred within 15 days after dividend day. The
convertible bonds were fully desoribed In Supplement for Mar. *93, p. 2.
Chicago 4 Pacific Western Division, see Supplement of Jan. 1901.
Terminal five per cent bonds of 1884 cover terminal property
of several hundred aoree in Chioago and Milwaukee.
The general mortgage of 1889 (Bee abstract In V. 48, p. 830) ie for
$150,000,000, to the United 8tatee Trust Co., of New York, as trustee,
and covers the entire railway property and franchises of the company
(therein described) subject to prior liens as below mentioned. The
prior Hen bonds oannot be extended, but will be paid off at maturity.
On June 30, 1903, the following amounts of general mortgage bonds
had been Issued or were reserved for the purpose Indicated, viz :—
Amount in the hands of the public
$30,500,000
In treasury of the company (unsold) see below
3,896,000
Total reported by the oompany as outstanding
$34 396 000
Rosen ed for prior Hens
$87,«5.%500
Available or eventually to become available for lmprovements. there being Included In this amount the
ov qaq *nn
^7,948,500
bonds originally reserved for prior liens, whioh have
since been oonverted Into pref. and oommon stook
J
,
&
44245
SO
:
Ad
dltlonal
amount
Total authorized
$150,000,000
do
do
do
Jan.
do
do
do
July
Jan.
July
Boston, Lee Hlgginson. Jan.
N.Y. Omoe,30Broad8t. July
do
do
July
do
do
Jan.
Jan.
do
do
July
do
do
July
do
do
Jan.
do
do
July
do
do
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1910
1910
1910
1919
1909
1920
1920
1910
1921
1921
1921
1924
1914
1916
1926
1,
1,
do
do
Jan. 1,
do
July 1,
do
do
do
1, 1989
do
do
1, 1989
N.Y., Ch.Mil. 8t.P.Ry. June 1, 1910
do
June 1, 1918
do
N.Y.,Co.'80ffloe,52Wall Jan. 2, '04, 3**
do
Apr. 1, *04,
do
do
Feb. 1, 1915
do
May
May
A
2%
do
do
do
do
do
do
do
s
May
do
do
do
do
do
do
do
June
Apr.
June
June
Nov.
Dec
1,
1,
1,
1,
1,
1,
1,
1916
1909
1911
1911
1917
1907
1916
in treasury, see text.
The $34,396,000 outstanding Include $6,000,000 Issued to pay for
178 miles of sundry small branches on which the general mortgage is
a first lien, and to retire the $2,500,000 first mortgage bonds of
Chicago Evanston A Lake Superior Ry., a Chicago suburban road,
$9,326,000 issued to replace prior bonds paid and canceled and $19,070,000 for additions to property.
Uenekal .finances, <tec—Capitalization per mile of road June 30,
1903: Stook. $15,848; bonds, $18,519; interest charge, $942.
In Oct., 1902, made a traffic agreement with the Union Pacific RR.,
terminable on notice, for through passenger and freight service from
Chicago to the Pacific coast. V. 75, p. 848, 1301; V. 76, p. 101.
In Apr., 1901, stockholders subscribed to $8,6/3,200 new stook at
par, the proceeds to reimburse the oompany for 301 miles of new road
built during the past two years, and provide for Kansas City cut-off
and other necessary new construction, to cost $4,300,000, and In
Jan., 1902, $2,362,100 additional oommon stock was sold to pay in par
for 298 miles of new road, equipments and improvements. V. 72, p.
437, 935; V. 74, p. 378. In Oot., 1902, the rate of dividend on oommon was lnoreased to 7 per cent.
The funded debt was lnoreased during the year 1902-03 by the issue
of $133,000 of general mortgage bonds and was decreased $1,175,000 by underlying bonds retired and oanoeled of the latter, $1,042,000 were converted into preferred stock. Of the funded debt there
was in the treasury June 30,1903, $5,144,000 (against $5,011,000
June 30, 1902), of which $3,896,000 was general mortgage 3*26 and
$159,000 gen. M. 4s. During 1900-01 $4,000,000 of the general 3^8
and $100,000 areneral 4s were sold. V. 71, p. 1119; V. 73, p. 563.
Average freight train-load In 1902-03 was 244 tons rate per ton per
mile, 0-865c; in 1901-2 train-load. 254 tons; rate per ton per m. 0840c
Earnings.— 8 mos , > 1903-4... Gross, $33,267,288; net, $12,164,547
July 1 to Feb. 29. < 1902-3. .Gross, 32,067,472; net, 11,680,142
Annual Report.— Fiscal year ends June 30. Annual meeting le
held In September. Report for 1902-03 was given in V. 77, p 693. See
also editorial, p. 734. In 1902-03, of 21,304,638 tons of freight oarried, grain furnished 21 p. c; other agricultural produots. 2 p. c; coal
and coke, 14 p. c; lumber, 8 p. c; other forest produots, 10 p. c, and
miscellaneous, 45 p. 0.
1902-03.
1900-01.
190102.
Aver, miles operated June 30..
6,647
6,604
6,512
Passenger earnings
$9,542,201
$8,918,966
$7,939,216
Freight earnings
39,516,812
31,357,992
34,797,045
Mail, express, Ac, earns
3,323.491
3,177.346
3,071.804
Total earnings
$47,662,737 $45,613,124 $42,369,012
Maintenance of way
$7,347,048
$7,219,136
$6,505,864
Maint. oars and engines
3,893,834
3,363,596
3,024,725
Transportation, gen. exp., etc. 16,829,796
14,881,635
13,932,064
Taxes
1,470,187
1,400,161
1,403,643
Renewal account
1,105,000
2,475,000
1,185,000
Additional equipment
1,111,256
Miscellaneous
952.309
814,951
857,367
Totalexpenses
$31,598,174 $30,196,895 $27,977,503
Netearnings
$16,064,563 $15,416,229 $14,391,509
Other income
174 ,683
510,031
434.315
Total net inoome
$16,574,594 $15,850,r>44 $14,5667192
Interest on debt, etc
6,210,086
6,383,035
6,101.335
Balance for dividends
$9,640,458
$8,183,157
$10,473,259
Dlv. on common
(7>$4,072.873(7)$4,072,873 (6)$3,089,912
Div. on pref
3,259,403 (7 ) 2,998,181
( 7) 3.349.3 88 (7 )
Balance, surplus
$2,095,064
$3,050,998
$2,308,182
Officers.— Chairman, Roswell Miller, 30 Broad 8treet, New York;
President, Albert J. Earling, Chioago; Treasurer, F. G. Ranney,
Chicago; Seoretary, E. W. Adams, Milwaukee.
;
;
_
Directors.— Koswell Miller, New York; A. J. Karling, Chicago: Frederick
Luyton. Milwaukee: ,1. Ogden Armour, Chicago; Frank S. Bond, Joseuh Milbank, William Rockefeller, Peter Ueddos, John A. Stewart, Samuel Spencer,
Jamex II. Smith, Charles W. Harkneas, llenrv H. Rogers. New York.
Executive Committee.— Koswell Miller, A.J. Marling, Peter Geddes, William
Rockefeller. Samuel Spencer.
,
New York Oltioe—30 BroadCSt.— (V. 76, p. 1191; V. 77, p. 349, 626,
696, 823; V. 78, p. 1274.)
Chicago
Chicago
& Nortli. Pacific RR.— Chioago Terminal Transfer RR.
M
6c North Western Ry.— (See
ap .)— Operates an important 3ystem of roads uniting Chioago, 111., with Omaha, Neb., St.
Paul Minn., with the great wheat belts of Dakota, Nebraska, etc. and
with the mining regions of Miohigan and the Blaok Hills, inoluding—
Road owned in fee
Miles.
Miles.
Main lines, etc
7,248 Sundry traokaga
38
Entire stock owned
Princeton & Western
16
Total June 1, 1903
7,365
St. Paul Eastern Grand Trunk
2d traok
797
—
—
(leased)
tid
De Puo Ladd A
East, (leased)
I
|
N. Y.,Offlce,30 Broad St.
History.
Ac— A Vanderbllt
3
Large interest owned—
Chioago St. Paul Minneapolis
A Omaha
1,606
line (V. 75, p. 1086) organized in 1859.
In July, 1884, the oapltal stook of the Fre nont Elkhorn A Mo.
Valley was aoqulred, and in Feb., 1903, the road was absorbed.
F
RAILROADS.
Miles
For explanation of column headings, Ac, see notes
first
page
A
Rocli.
No. Minn. 1st mort., gnar. (assumed).
Dak. C. 1st M., gu. (Watert'n to Redfleld, S. D.)P
Dak.C.lst M.on 8o'eastDiv.(to Hawarden) gu.Un
Menominee River 1st M., two series (assumed).
Mil. A Mad. 1st M., Mil. to Madison (assumed) Fo*
Chicago A Tomah 1st mort., guar, (assumed) F
. F
Chicago Milwaukee & N. W. construe do
Dee Molne8&Mlnn.lstM.,Des M.toJewell Jc.F&o.
Ottnm.C.F.A St.P.lstM. ($25,000 p.m.), gu.Un.o*
No. m. 1st M. ($20,000 p. mile), assumed Un.o*
Mil. L. 8h. A W., Consol. M. (now 1st) gold.Ce.c*
Mich. Dlv. 1st mort. (for $3,000,000), g..Ce.o*
Ce.o*
Ashland Division 1st mortgage, gold
Deben. (see text) sec by mort of '89, g...Ce.o"
Ext,AImp.M.for$5.000,000,g.,s.f. notdr.Ce.O*
r
Income bonds (not cum.); no coupons'
.
Marsh. Ex.lstM.$600,000($15,000 p.m.). U no*
C.AN.W.s.f.bdsor79($15,O00p.m.)r'd.atl05.Fc<fcr
o*Ar
Sinking fund debentures. 1933
c*<fer
25-year debentures.
c*&r
Chicago A No. W. 30-year deb.Un
Exten. 4s. $20,000,000 ($20,000 p. m.).Un.o&r
Gen'l gold bond, mort., $165,00o.000.U«..o*<fer
Boyer Val. Ry., 1st M., /., $16,000 per m.F.o*4r
Minn. & la. Ry., 1st M., g., $16,000 per m. K.o*<fer
Mankato & NewUlm, IstM., g., $416,000. F.o'&r
Southern Iowa, 1st mort.. $1,120,000, g.F o*&r
"T Coupon interest M.
N.; registered Q. F
Princeton A North., 1st M., $2,100,000, g.F..c&r
Peoria A Northw , 1st M., $2,125,000. g.F...cfer
Sioux City
..cfer
Pao.. IstM., g., $4,000,000.
Un
Un
Date
Size, or
of
of
Par
Road. Bonds Value.
of tables.
Chicago A North Weatern— {Continued) —
Plain view RR. and Minn. Val. 1st mortgages.
&
Capital Stock.—Of the common stock $2,333,688, and preferred
$3,835 remained in the co's treasury In June, 1903. Pref. stock has a
prior right to 7 p. c; then common 7 p. c; then preferred 3 per cent:
ttien oommon 3 per cent; then both classes share. In 1903 the
authorized oommon stock was increased from ($41,448,366 to $77,601,045 (making the entire stook $100,000,000). See General
Finances b«low. V. 75, p. 1085, 1146; V. 77, p. 516.
The cm$olidated sinking fund bonds of 1915 have voting power.
94. '95. '96to'99. '00. '01. '02. '03.
1904.
.Ian., 3ia
5 yearly. 6 6
7
7
— — Below.-^ Incl. Apr. ,4
t....^7ia
Pref
7 yearly
In 1902, on common, Jan., 3 p. c July, 3 p. o. and 1 p. o. extra; in
1903, 7 p. c; 1904, Jan., S'sp. c On pref., Jan., 1% p. c; April, 1%
p. 0., July, LH p. 0. andjl p. o. extra; Oct., 2 p. c; in 1903, 8 p. c. (paid
Q.-J.); 1904, Jan., 2 p. c; Apr., 2 p. c. The extra dividends of 1 p c.
each on the stocks in July, 1902, lnoreased the rate for the fiscal year
1901-2 to 7 and 8 p. con the oommon and pref. stocks,, respectively.
V. 74, p. 1194.
3
4
'
;
Bonds.— General Mortgage.— See A Detract In V. 65, p. 1175.
The authorized issue is $165,000,000 (United States Trust Co., trustee)
$131,645,000 were reserved to retire underlying bonds, and remainder
for additions and Improvements, $4,000,000 at once and $1,000,000
a year thereafter. V. 65, p. 1070. V. 65, p. 69. Ill, 571 V.75, p.»80.
The sinking fund bonds of 1879 are secured by deposit in trust
or $15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most Important being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $5,686,000 are 6s
the sinking fund 1b at least 1 per cent of outstanding bonds, which
are subject to call at 105; and through Its operation the amount
outstanding has been reduced from $15,000,000 to the figure in table.
The sinking fund debentures of 1933 have a sinking fund of $200,000
per year, if they can be redeemed at 105. See description of all the
debentures on page 2, Supplement of April, 1895.
The extension bonds of 1886 are secured by deposit in trust of first
mortgage bonds at a rate not exceeding $20,000 per mile. Included In
the collateral June 1. 1903, were $10,675,000 Fremont Elk Horn & Mo.
Valley lsts and $2,560,000 lets Wyoming Central lsts [consolidated
with F. E. A M. V.], etc. See F E. A M. V. bonds below.
The Fremont Elkhorn dk Missouri Valley consols have a first Hen on
1 170 miles (Fremont. Neb., to Deadwood, D. T., 557 miles, and
branches to Hastings, Albion, &c, 613 miles), but besides the amount
of issue given as outstanding in the table $10,675,000 (along with
$2,56",000 Wyoming Central firsts, A. F. E.
M. V. issue) are held as
part collateral for Chicago & North Western extension bonds of 1886.
The Boyer Valley Minnesota & Iowa, Boone Connty Mankato A ^tew
;
&
Ulm, Minnesoia A South Dakota and Iowa Minnesota A Northwestern
bonds were assumed In June 1900, tlie roads being absorbed upon
completion; also In 1901 the Southern Iowa the Peoria & Northwestern and the Princeton & Northwestern and the Sioux City & Paclfio
<see description of its bonds V. 73, p. 444.1159). SeeV. 71, p. 28,
291, 294, 340; V. 73, p. 294, 1010.
General Finances.— Stockholders in Feb., 1903, subscribed to $9,common stock at par, raising the amount outstanding to
226,110 new
$48,340,000.
V. 75, p. 1085, 1146.
Earnings.— For 8 mos. ending Feb. 29: Gross, $41,525,804 fon 7,357 miles) in 1904. against $36,554,839 (on 5.876 miles) in 1903. For
calendar year, V. 78, p. 544 (7,189 aver, miles, agst. 5,890 in 1902):
Tcir—
Gross
Bal.. »ur.
Net.
Oh'ges (net). Dividends.
1903 ...$54,396,248 $17,514,023 $6,198,292 $5,174,742 $6,140,989
1902.... 48,026,708
16,171,643
5,766,640
4,837,005
5,567,998
Annual Report.— Fiscal year ends May 31. The annual meeting is
held the first Thursday in June. The report for 1902-03 was given
at length in V. 77, p. 449, 508, 514, including Fremont Elkhorn
Mo.
Valley, 1,372 miles, from Feb. 16. 1903. See also editorial, p. 478.
Of the freight carried in 1900-1 (total 25,527,575 tons), ores furnished 23 per cent; lumber and logs, 15 per cent; grain, flour and mill
stufls, 13 per cent; other agricultural and dairy products, 3 per cent;
coal and coke, 15 per cent; metals and machinery, 5 per cent: stone,
sand, brick, etc, 5 per cent; live stock, 4 per oent; misoel., 17 p. 0.
Tear ending May 31.
1900
1903.
1902.
1901.
Average miles oper..
6.332
5,218
5,760
5,507
&
Passenger earns
$12,036,277 $10,886,139
Freight
35,171,064 33,436,892
Mail, express, Ac...
2,635,440
2,321,091
$9,718,191
31,864,945
2,015,451
$9,002,688
32,008,684
1,939,433
Total earnings... $49,842,781 $46,644,122 $43,098,587 $42,950,805
Oper. exp. & taxes.. 33,260,113 30,005,643 27,229,998 26,994,013
Net earnings
$16,582,668 $16,638,479 $15,868,589 $15,956,792
o. exp. to earnings
(66-73)
(64-33)
(63-18)
(6285)
Total net receipts.... $17,159,748 $17,215,559 $16,445,669 $16,486,582
P.
Outstanding
1613
Uonds— Prlii ol
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stock*—Last
Payable
Whom.
Cent.
Dividend.
Seml-an N.Y.,Co.' 80fflce,52Wall
M. A 8.
do
do
M. A 8.
do
do
M. A N.
do
do
J. A J.
do
do
M. A 8.
do
do
M. A N.
do
do
M. A N.
do
do
P. A A.
do
do
M. A 8.
do
do
M. A 8.
do
do
do
do
g> M. A N.
2
do
do
6g. J. A J.
M. A 8.
do
do
i g F. A A.
do
do
5 g.
do
do
5 g. F. & A.
M. A N.
do
do
6
A O.
do
do
5
A. A O.
do
do
5 &6
M. A N.
do
do
5
M. A N.
do
do
5
A15AO
do
do
5
F 15AA.
do
ao
4
3iflg.
do
do
J
J. A D.
3iflg.
do
do
J. A D.
do
do
3iflg.
3ia g.
A. A O.
do
do
3ia g.
M. & S.
do
do
7
7
6
6
7
6
6
6
7
5
5
-
A
1901 l.OOOAo nl,940.000
1901 l.OOOAo
2,125,000
1901 l.OOO&o 03,926,000
105
85
125
Its securities, except those held bv Chlo. A N. W.. are In table
above. V. 75, p. 514, 516 On June 30. 1901, purchased Sioux
City A Paclfio RR. V. 72, p. 721, 1236; V. 73, p. 444; V. 75. p. 446.)
Da 1900 various proprietary roads were purchased and In 1900
to 1902 others built in the interest of the C. & N. W. were absorbed.
V. 71, p. 291, 294; V. 73, p. 294, 1010; V. 75, p. 446.
—
Amount
1878
$250,000
24 1878
200.000
71 1882
a 1,007,000
125 1882
2,000,000
31 '76-'80
560,000
82 1880
1,000
1,600,000
1,528,000
152 51880
e 601,000
U882
57 1882
1,000
600,000
64 1884
1,000
1,600,000
76 1885
1,000
1,500,000
413 1881
1,000
5,000,000
82 1884
1,000
1,281,000
40 1885
1,000
1,000,000
693 1887
1,000
436,000
693 1889
1,000
4,148,000
1881
1,000
500,000
"40 1892
1,000
400.000
1,041 1879 l.OOOAo 12,455,000
1891 l.OOOAo
9,800,000
1884 l.OOOAo f 5,369,000
1891 l.OOOAo S 9,819,000
1886 1,000 Ac I) 17489,000
1897 l.OOOAo ml9965000
90 1898 l.OOOAo
1 ,440,000
119 1899 l.OOOAo
1,904,000
416,000
26 1899
1,000
56 1900 l,000&o N'neDeo.*03
&
F
Chicago & North Western Ry.— (Concluded.)
Div.— f'85. '86 to
[V.—
•86to'93
Com
1... < 6ia 6yeai
yearly,
.
RAILWAY STOCKS AND BONDS.
Apr., 1904. J
on
;
3**g.
3i3K.
J.
3ia g.
F.
M.
&
A
A
J.
S.
A.
do
do
do
1902.1
1903.
$6,540,170 $6,406,038
Sinking fund, etc....
230,316
234,695
Net
Int.
on debt
1908
Sept. 1, 1908
Sept. 1, 1907
Nov.
July
1907
1906
1905
1905
1905
1907
1909
1910
May
1921
1924
1925
1907
1929
May
1911
1922
1929
May
1933
1909
Apr. 15, 1921
Aug. 15, 1926
Nov. 1, 1987
Deo. 1, 1923
June 1, 1924
Oot. 1, 1929
Sept. 1, 1925
1,
1,
Sept. 1,
Nov. 1,
Nov. 1,
Feb. 1,
Moh. 1,
Mch. 1,
1,
July 1,
Moh. 1,
Feb. 1,
Feb. 1,
1,
Oct. 1,
Oot. 1,
1,
Nov. 1,
Jan. 1. 1926
Moh. .1, 1926
Aug. 1, 1936
do
do
do
1901.
$6,324,752
299,630
1900.
$6,069,384
355,640
Dlv. on common
(7)3,060,414|(7)2,737,868 (6)2,346,744 (6)2,346,744
Div. on preferred.. .(8)1.791,600(8)1,791,598(7)1,567,650 (7)1,567,650
Real est., const., &c. 5,013.418
4.697 ,055
4,169,526
4,542,041
Balance, surplus....
$523,830 $1,348,305 $1,737,367 $1,605,121
The Fremont Elkhorn
Missouri Valley, inoluded above from Feb.
16, 1903, earned for the year ending May 31, 1902. gross, $4,589,449;
net, $1,377,065; charges, $1,043,009: bal., sur., U334.056.
Officers.— President, Marvin Hughitt. Chicago; Vice-President and
Secretary, E. E. Osborn, 52 Wall St.. New York; 2d Vice-President,
M. M. Kirkman, Chicago Troas. and Asst. Sec , 8. O. Howe, New York.
Directors— W. K. Vanderbllt, F. W. Vanderbilt, H. McK. Twomblr, Samuel
F. Barger, Ohauncey M. Depew, James Sill man, James C. Fargo, Frank Work.
N. Y.; Albert Keep, tLake Geneva. Wis.; Marvin Hughitt. Byron L. Smith,
Cyrus H. McCormick, Marshall Field, Chicago: H. C. Frick, Pittsburg. Pa.; David
P. Kimball, Oliver Ames, Boston: Zenas Crane. Dalton. Mass
-(V. 76, p. 704, 1245, 1247; V. 77, 449, 508, 514; V. 78, p. 583.)
Chicago Peoria &. St. Louis Ry.— Road.—Owns from Pekin
to Granite City, 111., 180 miles; Madison to Bridge June, 3 m.;
Havana to Jacksonville, 111., 42 m.; branch, Lookhaven to Grafton, 8 m.;
total owned, 233 m.; trackage, Pekin to Peoria, 10 m.; Granite City,
111., to Merchants' Junction, 3 m.; InSpringfield, lLjm.: Madison, HL,
to St. Lonis Station, 713 miles. Owns majority of stock of and operates
Litchfield
Madison Ry., Litchfield Jot. to Madison, 44 m.; trackage,
St L. Jet. to Litchfield, 1 m.; total 300 miles.
J.
Reorganization of Chicago Peoria & St. L. RR. and St L. Chic A 8t.
Paul Ry., sold in foreclosure Jan. 8, 1900, per plan in vol. 68, p. 722.
Bonds.— Of the $2,000,000 prior lien 4ias (City Trust Co. of N. Y.,
trustee), $500,000 are reserved for future extensions, improvements,
etc. Of the Litchfield
Madison guaranteed 1st 5s ($750,000 author-,
lzed issue), $600,000 will be used at present for improvements. V
77 .0. 147. Stock, common, $3,600,000; pref., $3,750,000.
Report for year to June 30, 1903, In V. 78, p. 340, showed
gross, $1,710,170; net, $3^4,156; other income $14,897; total deductions, $253,759; balance, surplus, $85,302. Lltch.
Mad gross,
$111,294; net, $41,480; int., taxes, etc., $28,866; bal., $12,614. Pres.,
Charles E. Kimball. New York; Seo'yand Asst. Treas.. H. W. Berger,
Springfield. 111.: Treas. and Asst. Sec, T. C. Wellman, New York.-(V.
76, p. 43 1 V. 77, p. 146, 2158; V, 78, p. 340 )
&
;
1
&
&
&
&
;
Chicago Rock Inland & Pacific Railroad.—Incorporated In
Iowaon July 31, 1902, as an operating company, per plan V. 75, p.
239, to take o Perth" Chic R. I. A Pao. Railway. The entire capital
stook ($145,000,000) Is owned by the Rook Island (holding) Company.
Bonds.—The collateral trust 4s of 1902 (authorized issue $75,000,000) *re secured by a pledge with the trustee of an equal amount
of the stock of the C. R. I. A P. Railway as acquired. In June, 1903,
$69.-^57,400 of the $74,817,100 Railway stock had been acquired.
In 1903 t>16,793,000 of an authorized Issue of $18,500,000 collateral
trust 5s of 1913 had been issued with Rock Island Co. stook in payment for $27,988,300 of the $30,808,000 St. Louis A San Francisco
com. stock. V. 76, p. 1406.— (V. 76, p. 1084, 1191. 1247, 1406.)
Chicago
island A Pacific Ry.— (See Map Rock Island Co.
p ges 1688 and i689.>— The system extends from Chicago, 111., via
Omaha, Neb., to Denver and Colorado Springs, Col., and via Kansas
City, Mo., to Santa Rosa, New Mex., there connecting with the lines
of the New Mexico Ry.
Coal Co. and forming with them and the
Southern Pacific a through line to the Pacific coast; also from Tuoumcari, N. M., to Memphis, Tenn.. and to Fort Worth. Tex., on the south,
and on the north to Minneapolis, Mian, and Watertown, S. Dak., with
numerous hranohes, viz. (see V. 75, p. 1156; V. 76, p. 751
Rock
&
Lmes owned—
Miles.
Chlc.,m.,toCouncilBluffs,Ia.
Davenp't, la., to Atch'n, Kan.
Elwood to Santa Rosa, N. M.
Herington,Kan.,toTerral,I.T.
Horton, Kan. to Roswell.Col.
Gowrie to Sibley, la
Terral to Ft. Worth, etc
,
Branches
Total owned
3,801
Leased, etc. (1| Which see.)
Peoria A Bureau Valley
47
IT
—
Miles.
500 Des Moines A Fort Dodge V 144
341 Burl. Ced. Rap. A Nor
-11,373
697 Rook Island & Peoria
121
IT
349 Choctaw Oklahoma A Gulf HI, 080
—
569
Controlled Oper. Separately
109 Trackage to Kansas City,
123
No. Topeka, Kan., Denver,
1,113
Col., Pueblo, Col., etc
395
.
.
—
Total lines July, 1903 ...7,123
Under construction—
St. Louis Kans. City A Col...*T313
162 Other mileage
282
Total system July, 1903, incl. mileage under construction. ...7,718
Proposed extensions include one from Fort Worth to Houston'
Tex., 265 miles; Amarillo, Tex., to Teoumcarl. N. M., 125 miles; Ardmore, I. T.. to Dallas, Tex., upwards of 200 miles In Oklahoma, etc;
V. 75, p. 1156. See also V. 75, p. 1398.
History.—The present Chicago Rock Island A Pacific was a con
solidatlon June 2, 1880. with $50,000,000 stook authorized.
In July, 1903. $69,557,400 of the $74,817,100 capital stock had been
deposited per plan V.75, p. 239, each $100 stook being exchanged for the
following securit es: $100 in 100-year 4 p. c. gold bonds of the Chlo. R. I.
A Pao Railrond (of Iowa), the new operating company, and $70 preferred and *100 common stock of the "Rock Isl'd Company" (of New
Jersey), which owns the entire capital stook of the Railroad oompany.
See also statements of those companies In this Supplement.
Keokuk A Des Moines
if
1(H4
RAILWAY STOCKS AND BONDS.
[Vol. lxxviit.
1
o
:
.
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
RAILROADS.
MUes Date
I
1
81*6, or
Amomit
of
For explanation of oolumn headings, Ac, see notes
Road Bonds' Value. Outstanding
on first page of tables.
INTEREST OR DIVIDEND8.
Rate per When Where Payable, and by
Payable
Whom.
Cent.
tioiuts— f rinolpal,
When Due.
— Last
Dividend.
Slocks
I
—
North Western (Concluded).
Sioux City A Pao., pref. stock (1st M. on 6 m.). ..
Minn. & So. Dakota, IstM., gold, $528,000. F..O*
Chicago
1615
«.{•
7
$100
$96,500
1900
1,000
528,000
3^g.
1900 l.OOO&o 3,900,000
3»9g.
1883
6
1,000
7,725,000
1900
4 1fig.
1,000
1,500.000
1900
5 g.
1,000
2,000,000
1900
1.000
2,000,000 Up to 5 p
1903
1,000
600,000
5 g.
1902 l.OOOAo 69.557,000
4 g1903
5 g.
1,000 17,076,000
100 74,817,100 See text.
1877 l.OOOAo 12.500,000
6
1898 l.OOO&o 61,581,000
4g.
1902
1.000 20,916,000
4g.
1904 1,0004c See text.
4 g.
1901 50,000
5,000,000
6
33
195
Iowa Minnesota & Northwestern 1st M., g.Fo*&r
Frem. Elk. & M. V. cons. M. $25,000 p. m., assumed 1,170
230
Chic. Peo. dk St.L.—Pr. lien M., g., call at 107»fl.CI.o*
230
Consol. M., $2,000,000, g., called at 105. Col.. o*
230
Income M., g. (text) non-cum , called at par
44
L. AM. IstM., red. 105 aft. '07, g., gu..p. &1.KC
Ch.It.I.dtPae.RIt.— Col.t.M.,$75,000,000.Oe 0*Ar
o*
Col. tr. M., $18,500,000, g., red. 102>*.Ce
Chic. Rock Isld. &Pac.liy
Stock ($75,000,000).
736
1st M. Chic, 111., to Council Bluffs <kbr»ches.i;s.c*
General mortgage, $100,000,000, gold...Ce.o*Ar 3,128
Col. tr. M.,g.. Ser.C to P, dueyrly.red.lOl^.Ce.c*
Ref. M.. $163,000,000, g., red 105 to 'll.Ce.Cfcr Text,
Notes eecured by dep. of $7,500,000 ref. bonds
"
Chicago St. Louis db New Orleans— Bee III. Centr AL.
EC
—
,
A Omaha—
St. Paul Minn.
Com. Stook..
Pref. stock, non-oum., including sorip (see text)
St. Paul Stillwater A Taylors' Falls 1st mort. ...oi
Hud. ARlver Falls 1st M.,Hudson to River Falls.
Ch.St. P.&Mlnn.lstM.,g.,ElroytoL.St.C.a88'd.o*
8t. P. & Sioux City, IstM., g.. $10,OOOp.m..Ce.o
No.Wis.lst M. Lake 8t.C.ton'rSpooner ass'd.Ce.o*
Sault Ste. Marie & Southwest'n 1st M., assumed.
A.
J.
J.
A.
M.
J.
A
A
A
A
A
A
&
A
O.
O.
S.
J.
er cent
M.
N.
M.
N.
M. A 6.
Guar.
J.
J.
M.
A.
A.
A
A
A
A
A
New
J.
J.
N.
O.
O.
York, 52 Wall
do
do
do
J.
J.
Apr. 1 ,'04,3i«
Jan. 1, 1935
Jan. 1, 1935
St.
do
do
do
Got. 1, 1933
52 William. Mch. 1, 1930
do
do
July 1, 1930
when earned.
July 1, 1930
N Y. office, 52 William. May 1, 1933
N. Y., First Nat. Bk.
Nov. 1, 2002
Int. from Sept. 1, 1903. Sept. 1, 1913
New York and Chicago. JApr. 6 '04, 396
N. Y., First Nat. Bk.
July 1, 1917
do
do
Jan. 1, 1988
do
do
May, 1905-18
New York.
Apr. 1, 1934
Apr. 1, 1905
N.Y.
office,
I
,
N. Y., Office, 52 Wall 8t. Feb. 20, '04 8
18,558,953 6 In 1903
do
do
Feb. 20 '04, 3 1«
11,259,911 7 In 1903
do
21 1878 500 <feo.
do
334,800
7
Jan. 1, 1908
do
12 1878 500 Ac.
do
July 1, 1908
125.000
8
do
do
May 1, 1918
177 1878 500 Ac 1,877,000
2 g
1,000
do
Apr. 1, 1919
607 1879
do
6,070,000
6 g.
1,000
do
do
80 1880
659,000
6
Jan. 1, 1930
do
1,000
do
Nov. 1, 1916
37 1890
350,000
5
1880
do
June 1, 1930
C.8tP.M.AO.M.,$30,000,000 ($15,000 p.m)Ce.C
1,000 14,677,000
6
do
3i«
do
1880
1,000
do
do
do
Consols. Interest reduced
June 1, It 30
2,159,000
N. Y., Mercantile Trust. June 1, 1936
Ohic. Term'l Tr. RR.—Ch.AGt.W.,lBt M., g.,ass'd.o*
1,000
1886
394,000
5 g.
City of Chicago purchase money mort., assumed
To City of Chicago.
May 1, 1938
650,000
5
N. Y., Mercantile Trust. July 1, 1947
Chlo.Term.Transf.lstM.,g.,$16,500,OOOU».o*<fcr
91 1897
1,000 14,735,000
4g.
100
Chicago.
Chicago <& Western Indiana—Stock (see text)
5,000,000
6
Apr. 1, '04, li«
'48 82-92
General M., gold, sink, fund, subj. to call 105.. c*
N. Y., J.P.Morgan A Go. Deo. 1, 1932
1,000
9,583,000
6 g.
1902
Consol. mortgage. $50.000 000. gold IC
1.000
4 g.
Ill.Tr.A8.Bk.Chic.ANY July 1, 1952
o"
8,658.000
In addition the sinking fund June 1, 11^03, held. a. $58,00o; b, *172,500; c, $150,500; d, $135,000; *, $149,000; f., $521,000 (and $10,000
on hand): jr., $181,000; h, $1,143,000: k. $202,500;
$573,000; n $160,000; o $74,000; IT Coupon Interest M. A N.; reg. Q.—F.
Ohicaqo
100
100
-
,
m
All the stock of the Choctaw Oklahoma A Gulf RE. is owned and
the road leased for 999 years from Mar. 24, 1904. See that company
and V. 74, p. 775, 1354; V. 78 p. 1222.
In 1902, also, most of the outstanding stock of the Burlington Cedar
Rapids
Northern and Rock Island
Peoria (which see) were acquired, and their roads leased from June 1. V. 74, p. 1194. 1250.
As to Des Moines A Fort Dodge RR, see V. 74, p. 1037; V. 78, p. 988.
In April, 1902, purchased all the stock and bonds ol the St. Louis
Kansas City & Colorado, St. Louis to Belle, Mo., and building westerly
to Kansas City, thus forming when completed in the summer of 1904
a line Into St. Louis 294 miles. V. 75, p. 665. See K. C.
CoL, V. 76,
p. 158; V. 78, p. 768. See V. 78, p. 1446.
Stock.— In July, 1901, stockholders subscribed to $10,000,000
additional stock, raising the amount to $60,000,000. See below. In
1902 the stock was increased to $74,817,100 by sale of $8,235,500
at par to shareholders, the issue of $5,884,000 to take up Burl. Ced. Rap.
A Nor. and Rook Island A Peoria minority stock and $2,000,000 to purchase the St. Louis Kan. City A Colorado Ry., and by sale of $880,500.
V. 74, p. 1194; V. 75, p. 28; V. 77, p, 1742.
>'94 '95 '96 '97 '98 '99 to '02. '03.
Dividends
1904.
since '93. P.ot
$3** 2
2 2^413 5 yearly. 7^ Ino.Apr.,4^4
Jan., 1903, 4^4 p. c; Aug., 1J<; Oot , 2. In 1904, Jan.,
April, 3.
Bonds.—The refunding 4 p. c. mort. of 1904 ($163,000,000 authorized
Issue) will be a first lien (either directly or hrough pledge of the entire
Issues of bonds of the companies owning the same) on terminal property in St. Paul, Minneapolis and St. Louis, new equipment, and shops
at JMoline, 111., costing In all $18,534,000 and on railway lines aggregating 1,148 miles; also a junior lien subject to existing mortgages on
all the other lines of the system of the HaUway company, aggregating,
exclusive of leased lines and trackage, 5,689 miles. See full statement
in V. 78, p. 228, 234. The new bonds are issuable as follows
Total issue in no case to exceed
$163,000,000
Issuable forthwith
$15,000,000
Reserved to retire at or before maturity all bonds of the
raxlu-ay system falling due within the next 30 years
(none of such underlying bonds to be extended), also
to acquire $25,900,000 general 4s of 1898, issuable for
&
A
A
m;
1
improvements,
viz.:
BONDS AND NOTES TO BE TAKEN UP.
Chicago Rock Island & Pacific Ry. gen. mort, 4s, hereafter to be issued, viz.:
(a) To ret ire at maturity first 6s of 1817
112,500,000
(b) At not exceeding $1,<j00,000 per year for additions
and Improvements
85,900,000
Burlington Cedar Rapids & Northern Ry. Co. (see that
company) cons, es, hereafter to be issued, to retire:
(a) B. C. R. & N. Re. first mortgage Bs of 190H...
6.500,000
(h) Cedar Rapids Iowa Falls & N. 1st mort. 6s of 1921
1,905,000
Choctaw Oklahoma & Gulf RR. (see that Co.) consol.
6s, hereafter to be issued to retire (5,600,000 C. O.
AG RR general mortgage 6s of 1919
5,500,000
Chicago Rock Island & Pac. Ry. gold 4a of 1903 (Choctaw
Oklahoma & Gulf stock collateral)
22,410,000
Six per cent notes of 1905 of D. R. Francis and John
Scullin [$2,250,000 each], secured by bonds and stock
of St. L.Kan. City AColoradoRR. (See V.I*, p. 768.)
Rock Island & Peoria Ry. Co. consol. mort. 6s of lfc25.
Choctaw uklaha. & Gulf RR. equip, trust certificates..
.
.
Miles operated
Passenger earnings
Freight
Mall, express, rentals, eto
82,025,000
further security
13,500.000
Reserved to be Issued at not over $2, 500,000 yearly from
Jan. 1, 1904, for future improvements, betterments and
equipment
27,475,000
Reserved to acquire property, permanent improvements,
betterments or equipment, as required
25,000,000
Of the general 4s of 1898, the remainder unissued are available as
follows $25,900,000 at not over $1,000,000 per annum for permanent Improvements and additions, Including equipment, ana $12,500,000 to retire the 1st 6s of 1917. See Mortgage Abstract In V.
:
66, p. 522; V. 78, p. 228.
The collateral trust gold 4s of 1902 ($24,000,000 authorized) are
seoured by deposit of all the stock of the Chootaw Oklahoma & Gulf
RR. (see that company). V. 74, p. 775, 829, 936, 1356.
General Finances.—In July, 1902, stockholders subscribed at
par to $8,235,500 new stock, to construct or purchase new road;
also for seoond track, improvements and equipment. V. 72, p. 1135;
V- 73, p. 184; V. 75, p. 28. also see Bonds above and V. 78, p. 228,234,
In 1904 $5.0ro,000 ore-year 4*2 p c. notes were sold, seoured by
$7,500,000 of the refunding 4s of 1904, being part of the first Issue of
$lo,000,000 under that mortgage. V. 78, p. 1446.
Earnings.— For 4 mos. ending Oct. 31, 1903, gross, $13,884,195.
?££.• fiA992l878; other income, $308,103; int., taxes and rentals, $2."
407,570; dividends (2 p. c), $1,496,250; bal., sur., $1,397,161. Forearmngs of Rock Island system for year ending June 30, 1903, and
later monthly earnings, see statement of Rock Island Co.
HANNiJALSREroKT.-Report for 1902-03 was in V. 77, p. 1742.
5,579
$11,614,029
29,171,980
1,966,556
$42,752,566
$14,524,884
Total Income
Interest on debt
Rent leased roads
Missouri River bridges
Dividends..
Balanoe
N. Y.
office,
Chicago
-Years ended Mar. 31.
1902.
1901.
3,910
3,819
8,030,164
$6,400,014
9,061,857
17,730,398
1,293,825
1,234,283
.
30, 1903.
Gross earnings
Net earnings
From land department
Income from loans, eto
$28,385,846
$10,131,121
12,000
986,849
$25,364,695
$8,199,602
7,500
693,879
$16,531,849
$6,123,840
)
, ,,,,„„
i.-si^iyo
\
$11,079,970
$2,951,322
756,954
150,751
(7'34%) 5,305,557
(4)2,247,900
$8,900,981
$2,911,980
747,227
144,756
(4)1,999,692
2,006,965
£
$3,890,261
$4,973,043
$3,097,326
71 Broadway.— (V. 78, p. 1222, 1274, 1391, 1446.
St.
Paul Minneapolis &
Omaha Ry.—
(
See
Map
Chi-
cago <£ North Western.)— Road.—Mainline— Elroy, Wis., to Omaha, Neb.,
593 miles other lines, 1,093 m.; total, Jan. 1, 1904, 1,676 m., of which
1,607 are owned and 69 miles leased. V. 69, p. 1147. In Apr., 1901,
the Chippewa Valley A Northwestern Ry. was incorporated to construct a fine from Rice Lake, Wis., northeast about 100 miles, of whioh
36 miles were operated in Jan., 1904. Of the Eau Claire Chippewa
Falls A Northeastern Ry., 49 miles from Chippewa Falls, Wis., to Yellow River, were operated In Jan., 1904. V. 76, p. 649.
History.—This was a consolidation July, 1880, of the Chicago St.
Paul A Minneapolis, the North Wisconsin and the St. Paul A Sioux City.
In November, 1883, a controlling Interest in the stock was purchased
for the Chioago A North Western Railway by the acquisition of 93,200
shares of common and 53,800 shares of preferred.
Stock.—Authorized common, $21,403,293; preferred, $12,646,833,
Held by the company Deo. 31, 1903, common stock and scrip, $2,844,340 preferred stook and scrip, $1,386,921. Preferred stook has a prior
right to non-cumulative dividend of 7 percent; but common is never
to receive more than is paid on preferred.
Drvs. since '90 )' 91 '92 '93 to '96 '97 '98 '99 '00 '01 '02 '03 1904
Common, p.o. > .. .. None.
2 2 3 1*) 5
5 Below 6 Feb.,3
Pref, p.
) 4 eJfl
7 per ann. (3^ FAA.)
In Feb., 1902, annual dividend on common out of 1901 earnings 5
p. O.J Aug., semi-annual dividend, 3 p. c; in 1903, 6 p. 0. (F.AA.)
Bonds.—There are $75,000 Minneapolis Eastern 1st m. guar. 7s
due Jan. 1, 1909; $1,500,000 Superior Short Line Ry. bonds are owned.
Chioago St. Paul A Minneapolis 1st 6s, due 1918, and North Wisconsin
1st 6s, due 1930, are exchangeable at option of holder at any time,
dollar for dollar, for consol. 6s of 1880, due 1930. V. 68. p. 521.
In
1903, sold $2,000,000 3 >* p.o. consols. V.76, p. 653, 704; V. 77,p.2389.
Lands.—Sales 1903, 12,465 aores, $118,046; unsold, 194,935 aores.
Latest Earnings.— From Jan. 1 to Feb. 29 (2 months), gross,
$1,693,216 in 1904; $1,795,876 In 1903.
Annual Report.— Report for 1903 was In V. 78, p. 1443.
Tear ending Bee. 31—
1903,
1902.
1901.
Gross earnings
$12,055,271 $11,907,525 $11,196,101
Operat'g expenses and taxes. 7,726.662
7,483.253
7.014,270
Net earnings
$4,328,609
$4,424,272
$4,182,134
Net rentals paid
121,283
111,876
109,785
Net lnt.on debt (less other lno.) 1,455,600
1,394,059
1,343,097
Div. on pref stook
(7)787,976
(7)787,976
(7)787,976
Dlv. on 00m. stock
(6)1,113,315 (6)1,113,300
(5)927,750
Appropriation for lmp'ts
500,000
600.000
600,000
Surplus of RR. Co
$350,435
$417,061
$413,526
Net rrom land sales.
$118 046
$123,656
$110,906
-(V. 76, p. 649, 653, 704; V. 77, p. 2389; V. 78, p. 1443.)
< lilcago Terminal Transfer
Property. — Consists of
passenger and freight terminals in city of Chicago, lines of railway leading thereto, and a belt line around the city. Company
owns 760 acres of land In and adjacent to the city, of which 50 aores
are in the centre of the business district; also includes 7,500 feet of
dock property on Chicago River. Nearly all land, inoludlng that upon
which tracks have been built. Is owned in fee. Track owned, 90 miles;
leases from Chicago Junotlon Ry., 11 miles; trackage, 7 miles; total,
108 miles; 2d track, 54 m.; sidings. 113 m.; total all tracks. 275 miles
History.— A reorganization in June, 1897, of Chioago A Northern
Pacific and Chic & Calumet Term., planV. 64, p. 888, 898. In Feb.,
1901. Harriman syndicate acquired control. V. 72, p. 241, 580.
Tenants.— Bait. A Ohio, Chicago Great Western. Chicago Hammond
A Western, Suburban RR. Co. of Chicago, Pere Marquette (the last
named since Dec, 1903). As to this and other Important ohanges In
1903, including termination of St. Louis Peoria
Northern tenancy,
see V. 77, p. 948, 2158.
Securities.— Stock—$13,000,000 common and $17,000,000 4 p. 0.
non-cum. pref. Of the $16,500,000 1st 4s, $1,305,000 are reserved
to retire assumed bonds; $195,000 for new property. V. 78, p. 1108.
;
'
—
4,500,000
460,000
2.860,000
Reserved to provide 75 p. c. of purchase price of securities
of other companies hereafter acquired to be pledged as
15 mos. end.
June
'
.
RR.—
A
;
.
RAILWAY STOCKS AND BONDS.
IOIG
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
For explanation of column headings, Ac, see notes] of
Outstanding
Road. Bonds Value.
on first page of tables
i
Michigan—See Peke Marq. RR.
Chicago
Chicago Wisconsin dt Minnexota—See Wisconsin C
Chihuahua dt Pacific -1st M., $2,000,000, K.Ha..
Choctaw <£ Memphis—See Choc. Oklah. & Gulf.
Choc. Oklah. dt Gulf RR.—Uen. (now 1st) ML, gold.c*
dt
Choc.
West
&Mem.
IstM., $3,750,000, ass'd.liP.-.c*
L.Rock B'Ke let M..ass\l.ir.. red. (text) .fiP.o'
ConsoL M. (see text). $30,000,000. gold «»P...o*
Car trusts, gold, $50,000 Oct 1, yearly... CH.o'
K
8er. B, $70,000 s.a. to Aug.'06then $" ,000.GF
Ser. C, Apr., yearly, beginning 1903. CJP
Oin. Bluffton dt V Ate.— 1st M. $1,500,000. g.
Oin. Dayton dt fronton— See Cin. Ham. A Dayton.
Cin. Find.dt Ft.W.— IstM., g..gu.,end. red. See text.
Uxncinnati Hamilton <& Dayton—Common stock
Pref. stook, A A B, 4 p.o. cum., guar, (call at par)
"Eagle" 4 p.o. cum., guar, (call at par)
do
1899
1,000
283
282
1894
1899
1899
1002
1900
1901
1902
1903
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1.0O0
1,000
964
92
New preferred 5 per cent non-cum., $8,000,000.
Consol. mort. (now 1st) $A£, sink. fund... Us. c*
60 1875
69 1887
o*
Second mortgage, gold
60 1892
Me.c*
General mortgage, $7,800,000, gold
95 1892
Cin. Dayton & Chicago 1st mortgage
164 1891
Cin. Day. A Iron., IstM., g.,gu. (assumed).. Ce.o"
1895
Oin. Jnd. dt West— Ind. Deo. A 5 not guar..Ce
^264 5
$1895
W. IstM. g., red. at 110 ( i?uar. p. & i. (end.)c,
361 1903
C.I.AW.l8tAref.M.,$8,200,000g.,gu.,p.<fei.enNo.
1898
....
Oar trusts June 30, 1903
1902
Equipment notes, maturing yearly
Cin. Iid-r Term inal RR.— 1st pref. stock (see text) Text.
38 1886
Cincinnati Lebanon dt Northern— 1st mortgage, o
52 1902
lstcon.M.*l,500,00Og.gu.p.<fei.en.(V.75,D.l398)o*
148 1898
Oin.tt JUus.V.— 1st M.$2,000,000,K.gu.p.<fci.end.Fo*
* $2,190 000 additional in Cin. Ham. A Davton tre asury.
,
.
1,000
1,000
1,000
1,000
1,000
1,000
1.000
100
taxes, $4o,00o; interest, $300,800; bal.. def., $20,305.
Report. -Report for year ending June 30, 1903, piven Id V. 77, p.
948, Bhows, gross, $1 746.372 net, after deducting taxes, $610,702
bal.. sur.. $13,102.
interest, $597,600
Seo and Asst.
Pres. and Gen. Mgr., J. N. Faithorn, Chicago, 111.
Treas., W. T. Wisner, 2d, 30 Broad St.. N. Y.— (V. 78, p. 1108.)
;
;
:
Chicago Union Transfer Ry.-V. 72, p. 872; V. 73, p. 1207.
Chicago A- 'Western Indiana RR.—Owns a valuable terminal
system of roads affording entrance into Chicago to the roads named
below. Its lines extend from Dearborn Station, Polk Street, Chioago,
Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Cragin. 16 miles, and to South Chicago, 5 miles total, 48 miles; total
track, including 2d, 3d, 4th tracks and sidings, 220 miles also ownp
about 900 acres of real estate, passenger and freight yards, warehouses,
elevators, etc. The Belt Ry. of Chioago leases and operates 76 miles of
the 220 miles owned by the Ch. A W. I., its securities being all held by
the companies leasing the Chicago & W. I.; see V. 60, p. 1058
Leases.—This company's road and terminals are leased under perpetual contracts to the Wabash, the Grand Trunk West., the Chioago A
Eastern Illinois, the Chioago & Erie and the Chicago Indianapolis A
Louisville, each of which five companies owns $1,000,000 stock. They
are also leased to the Atchison, the Elgin Joliet A Eastern and the Belt
Railway. The annual rentals must always exceed by at least 20 per
cent the interest on the bonds outstanding. Lease of freight terminals
to Chic. & Eastern Illinois, see V. 7?, p. 819.
Divs.— > '92-94. '95. *96. '97. '98 '99. '00. '01. '02. '03.
1904.
'6
6
6
6
6
Per cent. <6y'rly. 7h 6
6
6
Incl. Apr., 3
* Also from accumulated surplus, 8 2 p. o. May 1, 1903.
5
Bonds.— The general mortgage bonds became subject to sinking
fund in 1903, and will be drawn at 105 and interest in such Annual
amounts as will retire the debt by maturity.
Of the consol. 4s of 1902 (authorized issue $50,000,000) $4,000,000
has been sold on account of track elevation and other improvements,
$4,356,000 additional to be used to refund bonds eanoeled by operation of the sinking rund, $i 0,014,000 were reserved to retire underlying bonds and $31,631,000 for future additions equal to at least
the par value of the bonds Issued. V. 75, p. 732, 906.
Annual Report— Fiscal year ends Dec. 31. Report for 1902 was in
V 76, p. 1297, showing gross inoome, $1,053,340; interest, etc., $749,479; dividends, $300,000; bal., surplus, $3,861.— (V. 78, p. 342, 819.)
Chicago Ac West Mich.— See Pere Marquette RR.
Chicago Wis. Ac Minn.—Sold in 1899 to Wisconsin Central Ry.
to
;
;
RR.—
Chihuahua Ac Pacific
Completed Apr., 1900,from Chihuahua, Mexico, to Minaca, 125 miles. Subsidies by Mexioan Government in its 5 per cent interior sinking fund bonds are: On 125
miles completed (already received), $1,400,000; on second and third
sections will aggregate $4,750,000.
The unpaid subsidies were in
Oct.. 1900, transferred to K. C. M. & O, with portion of original concession from Minaca to f aciilo Coast, the K. O. M. & O. having a 10year trackage agreement over the entire line. 8ee K. C. M. A O. statement and V. 71, p. 181. Stock is $2,500,000, all Issued; par of shares,
$100. Bonds, see table above.— (V. 66, p. 573; V. 71, p. 181.)
Choctaw Ac Memphis RR.— See Choctaw Oklahoma & Gulf RR.
Choctaw Oklahoma Ac Unit' Ml. —(See Map of Jlock Island.)
Miles.
8a.vre,
O.T., to Tex. State linn ...
Halley villi". I. T., to Ardmoro.
Shawnee,
O. T., to
Geary, O. P., to
Asher
.
Alva and
»;•<;
116
26
Searcy, Ark. to Des Arc
25
leased
White & Black River Valley,
BrtnklevtoJ'ksonport.Ark.
64
—
Little K.
&
Hot
Spr. West.,
to near Little Rock
Benton
23
137
Hot Springs, Ark., to Mal\ ern 40
Total July, 1903.
1,076
Stock. Common stook, authorized, $10,000,000; outstanding, $9,827,. >0"; pref.. 6 p. 0. OUUl.. $6,000,000, all outstanding; par of
shares, $5<>. The entire oapltia] stook is owned by the chic. Rock
Island A Pacific Ry., which in 1904 leased the road tor <><)9 years from
Mar '24, 1904, the rental coveriu* interest on bonds. Dividends pant
•'.
to Deo
'"».: Bee Botp. or Jan.,
I9J4. see v. 74, p. 775. and
also p. 829.986, 1354: V. 7*. p. 401.
Bonds.— The consol. mortgage of 1902 ts for the authorized amount
of $1,000,000 on the coal properties and $15,000 per mile for each
mile of railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and C. A M. 5s being reserved to retire
the same. Full data in V. 77, p •.>:{.><;. Ohio. R. 1 & I'ae. Ry. 4s of
1D04 nro reserved to take up consols of 1902 issuable to retire $5,500,000 general 5s a iul also ear trusts. V. 78, p. 234. Little Rock Bridge
6s are subject to call at 105 for sinking fund of $20,000 yearly. V. 71
p. 602. Car trusts, see table above; V 73, p. 1312, 1356; V. 74, p. 727.'
Report.- Balance sheet, etc., in V. 77, p. 2336, showing:
Year end.
other
Interest,
Balance,
June 30
Gross.
Net.
income.
taxes, etc.
surplus
1902-(3. .. $0,251,658 $2,120,951 $19,983 $1,101,659 $1,039,275
Report for 1900-01 in V. 74, p. 149, 203, 212.— (V. 78, p. 988.)
Anthony. Kan
:
i
g.
g.
g.
g.
5g.
4*2
6
g.
g-
4 g.
Sep text.
4 in 1903
4 in 1903
Sin 1903
J.
J.
.r
M.
A.
F.
A.
M.
A
A
A
&
A
*
&
M
«f
N. N.
5 g.
4
5
5
5
4
5
4
4
g-
N.
o.
A.
O.
S.
J.
gg-
Jan.
M.
F.
&
A
A
&
A
1949
Mar.,1904,1%
May 9. '04, 1H
N.Y.,Kes8ler<feCo54Wal]
do
Oot.
do
1,
190o
Jan. 1, 1937
N.Y.,BlairACo.,26Bro'd June
N.Y.,Kessler&Co54Wall Apr.
do
1,
1,
1,
1,
Nov. 1. 1923
Dec.24,'03,2%
Apr. 5, '04, 1%
do
do
do
Q.-F.
Oot.
do
New York.
N.
& O.
A J.
J. & D.
A.-O.
M. A N.
J. A J.
J. A J.
J. & J.
1,
1919
1949
Philadelphia, Pa.
July
1919
do
do
May
1952
Phlla., Girard Trust Co. To Oct.; 1905
do
do
To Aug., 1908
do
do
April, 1905-10
N.Y.,Tit. Gu. &Tr. Co. Sept. 1, 1933
do
y.— J.
Q.-M.
M.
May
Oft, 80 Br'dway.
Cincinnati.
F.
5
4
,
Text.
4
1,600,000
g.
gg.
Y
N.Y., First Nat. Bk.
J.
J.
J.
7,6,5 A.
4^K. J.
400,000
200,000
900.000
1,000
1,000
1,000
Latest Earnings- 6 mos. 1 1903 .. Gross, $842,934; net, $320,495
$1902.. Gross. 877,348; net, 363.230
July 1 to Dfc 31.
For 6 mos. ending Dec 31, 1^03, net, $S20,495, as^ainst $363,230;
5
1,320,000
See te xt.
1,150.000
8,000,000
612,100
462,400
6,925,500
2,595,000
2,000,000
3,000,000
1,200,000
3,500,000
2,229,000
933,000
*2,310,000
125.000
218,000
A
6
5
e.^o.ooo
100
100
100
100
1,000
l,oOO
&
5
5,500,000
3,525,000
355,000
5,411,000
100,000
1903
5g. M.
$1,600,000
.
Road Owned—
Memphis, Tenn, via
Bonds— PrlnoiINTEREST OR DIVIDENDS.
pal.When Due.
Rate perl When Where Payable, and by Stocks— Last
Whom.
Payable
Dividend.
Cent.
ENTR AL.
125
[Vol. lxxviii.
May
do
1,
1,
1,
1,
1,
1,
1943
1942
1941
1935
do
do
Jan.
1935
N.Y.Ke88ler<feCo54Wall Jan.
1953
New York.
A.
To Aug., 1905
do
do
To 1911
N.
Un. Sav. & Tr. Co., Cin.
J. Clnn., Cen.Tr.&S.D.Co. Jan. 1, 1916
do
do
N.
Nov. 1, 1942
A. N.Y., Farm. L. A Tr. Co. Aug. 1, 1948
Jan
N. Y., Central Trust Co.
RR.—
Cincinnati RluflTcon Ac Chicago
Under construction
from Huntington to Union City. Ind., 70 miles, with 5 miles of
branches, of which Blurt ton to Pennville, 19 miles, has been completed, stock. $1,125,000, all of one class, issuable at $15,000 per
mile; par of shares $100 each. Bonds, see table above. President, S.
H. Bracey, 1st V. P.. W. A. Howard; 2d V.-P. and Gen. Mgr.. Allen T.
Russell; Sec. Chafes Blackhuru: Treas., John Tralse. Office, 616
Tribune Building, Chioago, 111.— (V. 78, p. 1167.)
ClnctunaU Plndlay & Fort Wayne Ry.— (See Map of CinHam. & Dayton.)— Owns Ftndlay, O., to Fort Wayne, Ind., 80 miles.
A connecting link with the Cin. Ham. A D. from Delphos to Cloverdale, 12 wiles, is under construction.
Successor to Flndlay Fort
Wayne <fc Western, foreclosed July 6, 1903. V. 77, p. 88, 694. Leased
to Cincinnati Hamilton & Dayton for 99 years from Nov. 1. 1903, with
privilege of renewal lor like periods forevbr. V. 78, p. 286. Stock,
$1,250,000; all owned by the Cin. Ham. A Dayton, which guarantees
bonds, principal and interest Mortgage is limited by spei ial agreement to $1, 1.^0,000. or about $12,500 per mile. Bonds are pubject to
call at 102ia and interest. V. 78, p. 286, 342, 701. Form of guaranty,
V. 78, p. 701. - (V. 78, p. 286, 342,701.)
Cin. Georget. Ac Portsmouth KK.-See Street Railway Sup.
Cincinnati Hamilton Ac Dayton Ry.— (See Map.) Operates a
direct line between Cincinnati and Toledo, Ohio, with branohes to
Springfield, 111., and Ironton, on the Norfolk A Western, eto.
Road owned (T| See this Oo.)Miles.
Proprietary roads
Miles.
Cincinnati to Dayton,
60 Cincinnati Dad. A Western... IF 379
Dayton to Dean, O
176 Cincinnati & Dayton
14
Dayton to Delphos,
98 Columbus Findlav & Northern. 18
Traokage
13 Bowling Green RR
21
Roads leased
Piqua & Troy Branoh
8
—
—
—
—
Dayton* Miohigan
& Ft. Wayne
Home Avenue RR
Clnoin. Find.
H142
fl80
Totalofall
3
Owns Davton A Union jointly with
Clev. Cin. Ch.
1,015
A St. L.
and jointly
with Southern Ry. controlsCin. New OrL A Tex. Pao Ry. V. 75, p. 978.
History, Etc.— In July. 1895, consolidated with the Cin. Dayton
A Ironton and Cin. D. A Chicago under the name of Cin. Ham. A Dayton
Railway. V. 60, p. 1104; V. 61, p. 68. Cincinnati Indiana A Western
is operated in oonneotion with the C. H. A D. system.
The Cincinnati Findlay A Fort Wayne, a reorganization of Findlay Ft. Wayne *
Western, is leased for 99 years from Nov. 1, 1903, and will build a
connecting line from Delphos to Cloverdale, 15 miles. The C. H. A D.
is also building a 42-m. extension into Ironton, O. V. 77, p 88,694,768.
Stock. —New preferred is entitled to 5 per cent, then common to 5
per oent; then both share eqn»lly. V. 69, p, 1300.
Dividends since consolidation—
Nov., 1895 to May, 1904
New preferred, issued in 1895
5% yearly (Q-F)
First dividend on common, 2 p. c, paid Dec. 24, 1903.
Bonds.— General mort. covers the perpetual lease of the Dayton A
Michigan, the profits under whioh are large. V. 54, p. 799; V. 55, p. 373.
Refunding mortgage authorized Dec, 1900, but no bonds issued.
Guaranties.— Guarantees securities of Cin. Ind <v West., Davton A
Mich, and Cin. Find. A Ft. Wayne; also $933,000 Ind. Dec. A West, first
V. 69, p. 795. As to control of Cin. N. O. & T P see that Co.
Report.— Fiscal year ends June 30. Report in V. 77, p. 1290.
Year end. June so—
1903.
1902
1901.
5s.
.
Miles operated
Gross earnings
Net earnings
1,015
971
652
$7,997,223 $7,0^4,717 $5,837,916
2,401.639
2,204,059
1,806.002
Deduot interest on bonds
1,055,571
1,041.466
H 65.747
Div. pref, stock D. & M. RR
96,900
96,900
96,900
Div. com. stook D. AM. RR
84,066
84,066
84,066
Div. com. stook Home Ave. RR..
3,26>«
4,000
2,924
Div. pref. stook C. H. & D. Ry . .
389,229
389,225
389,211
.
Total
8urplus
Pres.,
$1,629,766
$771,923
M. D. Woodford, Cinoln., O.— (V.78,
Cincinnati Hamilton
A
$1,614,926
*589.133
$1,438,848
$367,154
p. 286, 702.)
IndianapollH Ry.—Merged
in Aug.,
A Western RR.— (V. 75, p 239.)
Cincinnati Ac Indiana Western RR.— Merced in June, 1903,
in Chicago Cincinnati & Louisville RR.— (V. 74, p. 1195; V. 76, p. 1247.)
Cincinnati I inliaimpoll. A Western UK.— 'Se« Map C. II.
1902. iu Cincinnati Indianapolis
A
D.) Hamilton, O.. to Springfield. 11., 296 miles; Sidell. 111., to West
Liberty. 78 miles; traokage. West Liberty to Olney, 8 miles; total, 382
consolidation in Sept.. 1902. of the Cincinnati Hamilton A
miles.
Indianapolis Ry., Indiana Deeatur
Western Ry. and Springfield
Decatur RR. V. 75. p. 239. 289. 497, 732. Stook autb... $8,200,000;
Issued, $7,1 15,800; all owned by C. H.
D.
Bonds.— The "first and refunding" 4s of 1902 ($8,200,000 authorized issue) are guaranteed, principal and iuterest. by C. H. A D. by
endorsement on each; $4,500,000 were issued iu exohauge for existing honds, of which $2,700,000 in the Cin. Hamil.
Dayton treasury;
$3,465,000 are reserved to retire Ind. Deo. A West. 5s and remaining
$235,000 for general purposes. V. 75, p. 1201, 1353; V. 77, p. 1290.
The I. 1). <* W. bonds ate redeemable by lot at 110 at any time on
eight weeks' notioe; $933,000 are guaranteed by Cin. Ham.
Day.
Earnings.— Year ending June 30. 1903, of oompanies consoli-
A
A
A
A
A
A
dated were $1,97*,496; net, $551,567; total deductions, $366,031;
bal., sur., $185,536.- V. 75, p. 239, 289, 497, 732, 849, 1202, 1353.)
Apr.. 1904.]
RAILWAY STOCKS AND BONDS.
1617
.
RAILWAY STOCKS AND BONDS.
1618
RAILROADS.
Miles
Date
of
For explanation of oolumn headings, Ao. see notes
Road. fiords
on first page of tables.
86
1904
1901
1871
1,000
1,000
1,000
"26
1893
1,000
1.77
100
1887 500 &o,
1900
1,000
1900
1,000
Equipment bonds, due about $85,000 semi-ann.
Sorthem— 1st M., $3,000,000, g.G.O'AT
Oin. Richmond A Ft. W.- 1st mort., gold, Int. gu.o*
Clearfield A Mahoning— Stock, 6 per cent rental
.
AP
Co*£r
1st mortgage, gold, guar. B. R.
Stock, $4,000,000
Olcvel'd Akron A Oolumb
o
Gen. mortgage (now let.) g
1st oonsol. BL, $4,000,000, J guar., p. <fc 1.. end.. >
not guaranteed.. S
(
gold, sinking fund
—
Olcvland Cincinnati Chicago
A
St.
I. St.
L.
A C.
con.
M.,drawn at 105, s.f.
|
50
1 p. o.o"
175
g.,s.f.
391
391
72
72
62
45
267
194
203
A Col. Dlv. (Col. 8p. A Cin.), 1st M., g.Ce.o*
Cairo Division 1st M., $5,000,000, gold ..Ce.o*
St. L. Div., coll. tr.,g. ($351,000 in s. f.)Ce.oAr
Cin. Wab. A Mich. Dlv. 1st mort., gold.. .Us.oGen. mort. 100 yearfor $50,000,000 g.Me.o"<tr 1,021
Obligations fob Pbopbietaby Lines.
Cincinnati Sandusky A Cleveland— Pref. stook.
170
Consol. (now 1st) M. ($3,000,000) gold... AB.c
125
Cent'l Indiana, 1st M., $4,000,000, g guar.Ce..
Ch.Ind.& St.L. S.L., 1st M.. $3,000,000 g .gu.Ce
Sprlngf. Union Depot. 1st M., $300,000, guar....
Louisv. A Jeffersonv. Bridge 1st M.— See that Co.
Spr.
,
RB,
50
1888
1903
1903
1903
1,000
-Owns a road connecting
O—
Northern Ry.-Owns Cincinnati, O., to
Dodds, 38 miles, including 6 miles from Lebanon to Dodds, leased to
the Dayton Leb. & Cin RR; Middletown Jet. to Middletown, O., 14
miles (former Mid. & Cin. RR., taken over Jan. 1, 1903); total, 52
miles. Controlled by Penn. RR. interests. Stook authorized, $1,500,000: outstanding, $993,000. V. 75, p. 980. Of the $1,500,000 first
consol. 4s of 1902, guaranteed principal and interest by the Pennsylvania Company, $200,000 are reserved to retire the 5s due 1916 and
$400,000 to purohase real estate. V. 77, p. 86. For 6 moi, ending June
30, 1903, gross, $142,064, against $90,920 in 1902; net, $39,246 against
$9,915. Report for 1»02, V. 77. p. 86. Year ending Deo. 31, 1903,
gross, $278,225; net, $79,715; oharges, $74,952.- (V. 76, p. 48, 157; V.
77, p. 86.)
Cincinnati Ac Licking River RR.— (V. 70, p. 1194.)
Cincinnati Ac Muskingum Valley RR.— (See map of Pittsburg
Cincinnati Chicago A St. Louis.)— Owns Morrow, Ohio, to Trinway, O.,
148 miles; half interest Zanesville Terminal RR., 5 miles, V. 77, p. 86.
Suocessor on Aug. 1, 1898, to the Cincinnati & Muskingum Val. Ry.,
foreclosed June 29, 1898, and purchased in the interest of Penn. RR.
V. 67, p. 27. Of the bonds $400,000 are reserved for future needs;
sinking fund retires yearly one per cent of those outstanding, if offerred at par or less. The Pennsylvania Company guarantees the
bonds, principal and interest. See form of guaranty, V. 76, p, 653.
all issued. Dividends: 2 p. c, June 25,
Stook, $2,000,000; par $100
1900; Deo. 31, 4 p. c; 1901 to 1903, both inol., 2 p. c. yearly. Pennsylvania RR. owns $1,318, 000 of $1,600,000 bonds. V. 55, p. 1078.
Car trusts, $224,000 3^6, payable $22,400 yearly to June, 1912.
Eabnings.— Fiscal year ends Deo. 31. Reportfor 1902. V. 77, p. 86
;
Tr.end. Dec. 31.
Cross
Net.
Interest.
Dividends.
Balance.
$66,773
23,374
10.141
$170,773 $64,000 (2?4) $40,000
123,374
60,000 (2%) 40,000
110,141
60,000 (2%) 40,000
Payments in addition to above in 1903 were $48,335 for additions,
improvements, etc. (against $33,287 in 1902), and $19,729 on account
1903
1902
1901
$746,628
645,286
574,032
of oar trusts
and other interest.— (V. 76, p 653; V. 77, p. 86.)
Cincinnati New Orleans & Texas Pacific Ry.— (Sw Map of
Southern My.)— Operates Cincinnati Southern Ry., owned by oity of
Cincinnati, Cincinnati to Chattanooga, Tenn., 336 m.; traokage, 2 m.
In Jan., 1903, the entire stock of the Harriman
Northeastern Ry.,
Harriman to Petros, Tenn., 22 miles, was acquired, but the road will
be operated separately. V. 77, p. 1743.
In 1901 lease was extended 60 years to Oct. 12, 1966; rental until
Oct. 12, 1906.was modified beginning July 12, 1902, to $1,050,000
yearly, the remaining $50,000 per quarter to be deferred as it accrues
and to be paid quarterly at rate of $40,000 yearly, with interest on
deferred payments at 3 per oent; rental under renewal to be $1,050,000 yearly for first 20 years, then $1,100,000 for 20 years, thereafter
$1,200,000. V. 73, p. 722; V. 74, p. 1251. Pref. stook, 5 p. o. oum.,
with no voting power, but prior rights on dissolution. V. 74, p. 528, 829.
Dividend.— On pref.. 1^ p. o.,paid quarterly Sept. 1, 1902, to Mar.,
1904, both Inclusive. On common, 2 p. c, paid Deo. 1, 1903, out of accumulated earnings to June, 1903. Car trusts June 30, 1903, $42,088.
In Mar., 1904, $1,200,000 equipm't bonds were issued. V. 78, p. 1391.
Stock.— Common, $3,000,000, controlled in interest of Southern Ry.
and Oinolnnati Hamilton & Dayton Ry. V. 61, p. 26; V. 65, p. 1173.
Latest Eakns.— 8 mos., $ 1903-4... Gross, $4,457,863; net, $1,023,246
July 1 to Feb. 29.
( 1902-3... Gross,
3,857,780; net,
962.031
Annual Repobt.— Report for 1902-03 was in V. 77, p. 1743, showing
gross, $0,155,454; net. $1,506,016 (against $1,420,810 in 1901-02);
other lnooine, $56,817; rentals, $1,099,647; div. on pref. (5°io p. a),
$108,333; balance, surplus, $354,850, agst. sur. $'209,134 in 1901-02.
(V. 76, p. 157; V. 77, p. 1294, 1T43, 2097; V. 78, p. 1391.)
Cincinnati Northern lilt.— (See Map Cleveland Oin. Chicago A
St. L.J— Owns Franklin, O., to Jackson, Mioh., 208 miles; traokage (O.
O. O. A 8t. L.). Franklin to Oinolnnati, 38 in.; at Jaokson, I m.
Successor In June, 1897, of Cincinnati Jackson A Maoklnaw, foreclosed- V. 65, p. 621; V. 72, p. 338, 1034, 1135; V. 73, p. 31. The holdings of Clev. Cin. Ch. A St. L. are valued In balance sheet of June 30.
1903, at $1,105,387. V. 75, p. 454. 457. STOCK, $3,000,000
In year
ending June 30, 1903, gross, $739,396; def nnder oper. exp , $25,193.
Prest., M. E. Ingalls. See report, V. 70, p. 581.- (V. 74, p. 326, 378.)
A
.
—
.
Cincinnati
mond,
Now
Ind., to
operated
Richmond Ac Fort Wayne RR.— Owns from RichAdams,
Ind., 86 miles; leases 5 miles of P. F. W.
(Deo., 1901), by Grand Rapids
Indiana
A
&
O.
Ry.
Rental, net earnings.
Interest is guaranteed by the Pennsylvania Co.
and Pittsburg Oin. Chicago & St. L. Co. Jointly (the P. O. O.
St. L.
taking the place of the Cin. Hamilton & Dayton In 1888). Stook, $1 709.313— par, $50, of whloh Penn. Co. Jan. 1, 1903, owned
$1,256,900. Due guarantors Jan. 1, 1903, $1,384,674.
&
Cincinnati.
do
Deo. 1, »03, 2%
1, '04,li4
Sp.'04-Mar.'ll
Mar.
New York.
M A
!N. Y., Guaranty Tr. Co. July 1, 1951
A D. N. Y.. Winslow. L. A Co. June 1, 1921
Checks mailed.
1, 1904
I" j. & J. N. Y.. 36 Wall Street. Jan. 1, 1943
Jan.
j. a J.
Mar. 25, '04, 1
Checks maileL
M. & 8.
Hamilton Tr., B'klyn. Moh. 1, 1927
M. &
Aujr. 1, 1940
F. A A. N.Y., Winslow, L. A Co
Aug. 1, 1940
do
do
P. A A.
4 In 1903 M. & 8. N.Y.,J. P. Morgan A Co. Mar. 1, '04, 2%
Apr.20,'04,11*
do
do
5 In 1903 Q.-J.
May 1, 1920
do
do
M. A N.
6
Aug. 1, 1936
do
do
Q.-F.
4 g.
June 1, 1914
do
do
7 or 6 g. J. A D.
Jan. 1, 1984
do
do
J. A J.
?* Various
July 1, 1919
do
do
Nov. 1, 1918
do
do
6g. M. A N.
July 1, 1940
do
do
4g. J. A J.
Sept. 1, lt40
do
do
4 g. M. A S.
Jan. 1, 1939
do
do
4 g- J. A J.
Nov. 1, 1990
do
do
4 g- M. A N.
July 1, 1991
do
do
4 g- J. A J.
J
<te
,r.
rt.
-
4
g-
J.
5
«r.
J.
4
g-
M.
M.
6
428,997
2,571,000
1,500,000
m
4g- A,
A
A
A
&
A
D.
do
N.
do
do
do
do
Jane
do
J.
1993
1,
May
N.
O.
3%
1, '04,
1, 1928
Nov. 1, 1953
Apr. 1, 1953
Jan.
(?)
and passenger depots and stations of the various steam roads
entering the city of Cincinnati. Common stock, $10,000, in $100
shares, issued for purpose of control. There has been Issued $400,000
of 1st pref. 4 p. o. stock, secured by mortgage to the Union Savings
Bank & Trust Co. of Oinolnnati, as trustee, on land and 1,226 feet of
track. The rental for the latter ($16,000 yearly) under perpetual
lease to the Louisville & N as-hville covers the interest on the stock.
President, James H. Woodard; Secretary. J. Gano Wright. Office 14=(V. 77, p. 450, 510.)
16 East 4th St., Cincinnati,
Ac
Text.
Q.-M.
$3,000,000 See text.
2,00O,00f> 5 in 1903
1.200.000
5
4
1,000,000
1,800,000
750,000
650.000
5 g.
4,000,000 2 in 1903
1,800,000
g
5
4 K.
1,023,000
741,000
4 g.
i'.obo
freight
Cincinnati Lebanon
I
27,997.700
10,000,000
668,000
1,000
1880
1886 l.OOO&c 7,599.000
4,138,000
1,000
1874
3,205,000
1,000
1884
2,000,000
1,000
1869
500,000
1,000
1882
650.000
1,000
1890
1,103,730
1890 500 Ac
5,000.000
1,000
1890
1890 1.000&C 10,000,000
4.000,000
1,000
1891
1,000 13,749,000
1893
.
Cincinnati Inter-Terminal
BoiuU— 1 rinciINTEREST OR DIVIDENDS.
pal. When Lue.
Rate per When Where Payable, and by Stock*— Last
Outstanding Cent. Payable
Dividend
Whom.
Amount
100
100
not dr'n.Ce.o&r
Cleve. Col. Oin. A Ind. Consol. mort. (see text)...
Gen. consol. mort. ($12,000,000) gold..U».o*£r
Indian & St. L. 1st M., In 3 ser. of $667,000. Us.
2d M.($2,000,000),gold,Indlanap.toTerreH o.
01. Cln.Ch.ASt.L., White Wat. Val. Dlv, 1st, g.Ce.o"
Gen. IstM.. $10,000,000
188
L*uls—
Common stook ($28,700,000 authorized)
Preferred stock, 5 per oent, non-oumulatlve
C.
virtue.
$100
100
Cin. X. O. A Tex. Pac. Jc- Com. stook, $3,000,000
Pref. stack, 5 per cent, oum., $3,000,000
Cxncxnnali
Size, or
[Vol. lxxvill
Tear end. Dec.31.
1903
1902
Interest.Ac.
Wet.
Cross.
$70,378
124,166
....$604,342
594,515
126,000
126,000
Balance.
def.$55,622
def.
1,834
Richmond Ac IttuncleRR.—Merged in June, 1903,
& Louisville RR— (V.76, p. 810, 1247.)
Clearfield Ac Mahoning Ry.- (SeeMap Buf. Roch. 4 Pitt*.)—Owns
Cincinnati
in Chicago Oinolnnati
road, completed in 1893, from Du Bois Juno, Penn.. on Buff. R. A P.,
to Clearfield on Beech Creek RR.. 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester A Pittsburg—
whloh see— at a rental payable in gold and equal to 6 per oent on
$750,000 stock, par $50, and 5 per oent on bonds, the latter being guar.
p. <fc i., by indorsement on each.— (V. 61, p. 710.)
Cleveland Akron
Ac
Columbus Railway.— Owns from Hud-
son, O., to Columbus, O., 144 miles; Dresden branoh, Kllbuok to Trinway, 33 miles; Apple Creek branch, 9 miles; coal spurs, 11 miles; total
owned, 197 miles; trackage Trinway to Zanesville, 17 miles. Owns a
Barberton Belt RR., 24 miles. V. 76, p. 435.
fourth interest in AkTon
Penn. Co. took control June 1, 1899, purchasing $2,237,500 of the
Dividends. 2 p. o. yearly, paid 8ept.,
*4,000,000 stock (par $100)
1901, to Mar., 1904 (M.-S.). Of the 1st oonsol. gold 4s of 1900 (Commercial Trust Co. of Philadelphia, trustee), $1,023,000 are guaranteed principal and interest by the Pennsylvania Company, $1,800,000 are reserved to retire the general 5s due 1927; V. 71, p.
390; V. 76, p. 653; V. 77, p. 1746. 2280. Report for 1902 in V. 76, p.
1405. In 1903, gross. $1,629,297; net, $372,796; other lnoome, $30,909; interest, charges and improvements, $260,432; div. (2 p. o.) $80,000; bal., but., $60,274.-(V. 76, p. 1746, 2280.)
Cleveland Cincinnati Chicago Ac St. Louis Ry.— (See Map.)—
Road.— Operates a system of roads radiating from Indianapolis,
Ind., westerly to Chicago, Peoria, Cairo, 111., St. Louis, and easterly to Sandusky, Cleveland, Columbus and Oinolnnati, Ohio, and
southerly to Louisville, with branches.
A
.
Owned directly—
Mile*.
Cleveland, O.,to Columbus, O.. 138
Gallon, O., to Indianapolis
203
Delaware to Springfield
Cincinnati to Lafayette
Indianapolis to Torre Haute
—
,
fVhite Water— Harrison, Ind., to
Hagerstown, Ind
62
Wabash A Michigan Ry.—
Benton Harb. to Rushv. A Br.249
Other lines (a)
44
Cinoin. Sandusky A Cleve. Ry.—
Oin.
Mile*.
& Springfield Ry.—
Lud.G've(6m.fr.Cin.)toDay'n 48
a No debt, or bonds all owned.
50
175 Colum. Hope A Greensb'g RR.— 26
Trackage into Cincinnati, Ao. 32
72
7 Traokage into Jefferson ville. ) 88
KO
Harrison Branoh
Leased entire st'k owned
Cinoin. Lafayette A Chio. Ry.— 57
Cairo Vinoennes A Chio. Ry.—
Cairo, HI. to Tilton A branoh .267
St. Lou. Div. T. H. to E. St. L.193
Columbus Springfield A Cin.—
Columbus, O., to Springfield.. 45
—
Lea*4d •«» controlled.
Cincinnati
B.
& O. 8. W
(
Total included in earns... l, ay 1
Operated; earns, kept separate
Peoria A East'n Ry. (IT).—
352
—
Kankakee A Seneoa RR.—
42
Mt. Gilead Short Line
2
Total of system June 30,'03.2,287
Traokage III. Cent, into Chio.. \
On peroentage basis
5
Operates independently—
Dayton A Un. RR. (fl)
Double track
104
Sand'sky, O., to Dayt'n, O.eto.170
H See this oompany.
A 50-mile cut-off between HlUsboro, m., and Mitchell, near St. Louis,
under the charter of the Chicago Indianapolis & St. Louis Short Line
will be completed early in 1904. See General Finances below. V. 75,
p. 1086; V. 77, p. 5 L7. As to Central Indiana, 137 miles, see that Oo.
HiSTOKT, Etc.—A consolidation of the Cincinnati Indianapolis St.
Louis A Chioago Railway Company, the Cleveland Columbus Cincinnati A Indianapolis Railway Company and the Indianapolis A St. Louis
Railway Company, made in July, 1889, per plan in V. 48, p. 427. Of
the common stock, $11,225,400 was on Jan. 1, 1903, owned by the
Lake Shore A Mioh. So. Ry., this amount, together with the private
holdings in both stocks by the Vanderbilt family, being, it is understood, a majorltyof the entire share capital. V. 72, p. 86.
The oompany is also one-fourth owner of Peoria A Pekln Union Ry.,
(through the Peoria A East. Ry.), one-seventh owner in Terminal RR.
Ass'n of 8t Louis and two-fifths owner of Indianapolis Union Ry. and
part owner of Dayton A Union, whloh is operated independently.
Capital Stock.— On Jan. 1, 1890, the common stook was $20,500,000; it has been inoreased to present figure to aoquire stooks of lines
absorbed, etc. Dividends on oommon stook were resumed in 1 900.
Drv'DS— '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03
1904
Com...)
4
Mar., 2
3«s 4
N <*
2ifl
Pref ... $ 5
5 5
5
5 Incl. ApL, 2%
Bonds.-The sinking fund provision of the Cleveland Columbus Cincinnati A Indianapolis consol. bonds (stamped) has been oanoeled. The
principal of these bonds is payable in gold, but the Interest is payable
at option of holder either in lawful money at 7 per oent per annum or
in British sterling at 6 p. 0. Of the Indianapolis A St. Louis first 7s
series " A" are J. A J.; series " B," M. A 8.; series " O," M. A N.
St. Louis Division bonds, see deed of trust V. 52, p. 42-45.
As to the Cincinnati Wabash A Mich. 4 per oents, see V. 52, p. 718.
The 100 year mortgage of 1893 is limited to $50,000,000. In Apr.,
1904, $22,503,000 general 4e were reserved for prior liens (exoluslve
of Cairo division, Peoria division, Miohigan division and the St. Louis
division west of Terre Haute), and $8,748,000 for equipment, construction and betterments, etc., at the rate of $1,000,000 a year. See
V. 78, p. 1446.
33300
555
003
55
Apr., 1904.J
RAILWAY STOCKS AND BONDS.
1619
.
—
r
.
RAILWAY STOCKS AND BONDS.
l<i;>0
RAILROAD8.
Miles
For explanation of column headings,
on first page of tables.
Date
Size, or
of
of
Par
&o., see notes
Oolumb. Gin. <& Indianap.—Bee Cleve. Cm. Chic.
Indianap. St. Louis dt Chic.— See Olev. Cin. Chic.
Cleveland Lorain A Wheel.— Pret. stock $5,000,000.
192
o*
Consol. mort. (now 1 st) g. See text. U «m
General mortgage, $1,000,000, gold, red. 105. N.. 192
192
Con.ref. M., $10,000,000, g., red. at 102i«.Col.o*
Con. M. (now 1st) $3,000,000,g. Ce.o&r 125
Olev. <£ M.
103
Olev. dt Mar. 1st M., s. f., not dr'n, gold. guar.F.o*
Oleve. dt Piltsb.— Stock, 7 p. o. guar, by Penn. RR.Co
Special betterment stock, $10,738,135, guar. 4%
202
Series
Gen. M., $10,000,000,F, Kold$
o A D*'o* 202
Guar. p. & i. (end.) Pa. RR.
202
B, Int rei\°.
\
Oleveland Terminal dt Valley— See Balt. & Ohio.
o*
200
Ooahuila dt Paci/U-lBt M., gold, $2,500,000....
Goal rf Ooke— 1st M., $10,000,000, gold
Oolebrookdale— lstM.,$593,400,und.Read.M.of96c "13
Colorado Midland— 1st mort., $10,000,000. Ce...o* 259
26*3
gold HI e
Color a do <t Northwestern 1 st
Colorado dt Sou them- Common stock, $31,000,000
1st pref., 4 per cent, non-oum., $8,500,000
2d pref., 4 percent, non-cum., $8,500,000
o* 1,063
1st mortgage, gold, $20,000,000. Ce
Car trust notes June 30, 1903, due monthly
"75
Ool. Sp.dlOr. Or.D. Ry.—UtM. $2,000,000,g.S f.Ce
75
2d mortgage, $1,000,000, gold, sinking fund
1st consol. mortgage, $3,600,000. gold.Mo.c&r.
Colorado <* Wyoming Ry.— 1st M., $7,500,000, gMe 171
75
Ool. Newb. dt Laurens-lBt M., $12,000 p. m.SBa.
70
Columbia Southern—1st M., gold, $2,100,000. N...
Greenville— See Southern Rv
Columbia
Oolumb. dkL. Mteh.— IstM.. g $20,000 p m.No.*o
V—
—
!£
—
M
.
,
Outstanding
Road. Bonds Value.
Oleve.
Oleve.
.
A
&
Amount
Bonds- PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— Last
Cent.
Whom.
Dividend.
Payable
8T. Louis.
ST. Louis.
$100
1893
1,000
1896
1,000
1900
1.000
1888 l.OOOAc
1895
1,000
30
50
1892
1,000
98'00 1,000
1892
1,000
$5,000,000
5,000,000
893,000
950,000
2,935,000
1,250,000
11,261,865
See text.
4,561,000
4,933.000
439,000
1900
1,000
1903
1,000
1868 100 &o.
1897
1,000
1897
1,000
100
100
100
1882
1899
1,000
2,500,000
5g. F.
3,750,000
A.
600.000
J.
9,151,000
4g. J.
500,000
5g. M.
31,000,000
8,500,000 4 In 1903 A.
8,500,000
18,803,000
4g. F.
1,243,378
1,916,000
J.
244,000
A.
1,156,000
A.
4,500,000
M.
899,000
J.
700,000
J.
*00'03
1900
1901
1902
1903
1887
1898
1,000
1.000
1,000
1,000
1,000
1,000
,
Series
"A"
J.
"B" A. &
A. J;
O.;
General Finances.— Guarantees
y "C"M. A
Interest
N.;
1902
5
g.
4i«g.
5
g.
4>ag.
7
on Louisville *
N. Y.Winslo w.Lan. &Co.
g.
g.
A O.
A A
A O
A D.
A J.
A 8.
A O.
A A.
A J.
A O.
A O,
A 8.
&
A D.
A S.
3 ^g A.
Jeflersun-
Bridge bonds jointly with the Cues. <s O. V. 68, p 822. On June
30. 1903, owned stock In Chesapeake A Ohio representing* an outlay of
$2,453,569, Cincinnati Northern RR. securities costing $1. 105. 387
and a hall Interest in the Central Indiana Ry., costing $782,765.
V. 71, p. 398; V. 75. p. 455; V. 77, p. 517.
The stockholders voted on Oct. 28, 190^, to guarantee $3,000,000
Chicago Indianapolis A St. Louis Short Line Ry., $2,000,00 Central
Indiana Ry. and $300,000 Springfield Union Depot Co. bonds. V. 77,
p. 510, 517, 769, 1363, 22e0.
Latest Earnings.— From July 1 to Feb. 29—
Int., die.
Bal *ni
Net.
Gross.
8 mos. —
$1,904,515
$745,112
$13,90*^59 $2,649,627
1903 4
1902-3
13,186.067
3,083,995
1,892,209
1,191,786
Annual Report.—Annual meeting last Wednesday In October.
Report for 1902-03 In V. 77, p. 509, 517. See also editorial, p. 475.
1902.
1901.
1900.
1903.
Year end. June 30—
1,891
1,891
1,891
Miles operat. June 30
1,891
Passenger earnings. $5,778,490 $5,487,506 $4,979,652 $4,653,224
Freight
13,234,298 11,920,097 11,640,003 10,867,502
Mall, express, etc...
1,309,469
1,257,835
1,286,124
1,377,973
»
,
Total earnings... $20,390,761 $18,717,072 $17,877,490 $16,806,851
A taxes. 15,669,431 13,744,920 12,755,638 11,749,264
Oper'g exp.
Net earnings...
$4,721,330 $4,972,152 $5,121,852 $5,057,587
$4,874,041 $5,050,512 $5,249,506 $5,140,520
$2,683,385 $2,619,520 $2,685,056 $2,661,442
160,678
180,131
231,907
224,471
Dividends on pref.
(5)499.925 (5)499,944
(5)500,000 (5)500,000
Dividend on oom... .(4)1,119,612(4)1,119,572 (3^)979,626 (3)839,840
Freight cars, etc..
311,261
600,371
567,852
821,567
.
.
.
.
Balance
sur $99,180 sur.$30,974 sur.$285,065 sur.$93,200
Officers.— President, M. E. Ingalls, Cincinnati, O. Vice-President,
J. D. Layng, New York; Secretary, E. F. Osborn, Cincinnati, O.; Treasurer, Chas. F. Cox, New York; Auditor. P. A. Hewitt, Cincinnati, O.
;
Directors— William K. Vanderbllt, Fred'k W.Vanderbilt. Chauncey M. Depew,
J. Pierpont Morgan, H. McK. Twombly, James D. Layng, William H. Newman, Walter I'. BUsa, of ixew York; Alexander MoDonald and Melville B. InKulls, Cincinnati; James Barnett. Cleveland. O.
p. 510, 5 I 7, 7t>9, 1533, 2280; V.
—(V. 77,
Cleveland Lorain
from Lorain,
78, p. 228, 702, 1446.)
& Wheeling Ry.- (See Map B.
O., to Bridgeport, O., opposite
Lester to Cleveland, 28 miles,
dt
800.000
do
do
y
I.
jM.
Jan.-Oot.-'42
1948-1950
1, 1942
do
do
Oct.
Aug.'02, notpd.wh. due Feb.
Elkins, W. Va., or Bait. Apr.
Phlla.,Read. Co. Otfloe. June
Julv
N. Y., Central Trust.
None ever
paid.
N. Y., Hallgarten
Sept.
A Co.
N. Y., Central Trust Co.
N.Y., Oh. Bk.
A
Col. 8p.
Int.Tr.Co.Den.ACol.8p.
N.Y., M. Tr.&CoLSp.
New York.
Safe Dep.&Tr.Co..Balt.
N.Y., N.Y.Seo.ATr.Co.
N. Y., No.
Am.
1,
1,
1,
1,
Tr. Co.
Apr.
1,
1930
1919
1898
1947
1947
l.'Oi'.
2%
1, 1929
To May, 1908
Jan. 1, 1930
Apr. 1, 1921
Oot. 1, 1942
Mar. 1, 1953
July 1, 1937
Deo. 1, 1948
Feb.
Sept. 1,
1922
A.
vllie
Total net Income..
Interest on bonds.
Rentals, etc
,
4
4i*
3*3
i*
1,000
A
'D" F.
New
York, 2 Wall St.
Oct., '96, 1%
do
Oot. 1, 1933
June 1, 1936
do
Jan. 1, 1930
do
N. Y. Wlnslow.Lan. ACo. Jan. 1, 1938
N. Y.,Farm. L. AT. Co. May 1, 1935
Q.-M. N. Y., Wlnslow, Lanier. Mar. 1,'04,1%
A O.
J. A D.
J. A J.
See text
M. A N.
A.
cf;
x
[Vol. lxxviii.
O.J— Owns
Wheeling, W. Va., 158 miles;
and branch
to Beflaire, O., 6 miles;
192 miles, and has trackage into Wheeling.
History.—This is a consolidation of Nov. 23, 1893. (See V. 57, p.979.)
Operated since Feb. 1, 1902, by the Bait. A Ohio, whloh owns about 75
per cent of the stook. See that company and V. 72, p. 480; V. 73, p. 236.
Stock.—Common, $8,000,000, and pref. non-oum., 5 p.c, $5,000,000,
par $100. After5 p.o.on eaoh.both stocks share alike.—V. 60, p. 1058.
Dividends.— On preferred in 1896, 3 p. c; none since.
Bonds.— Of the $10,000,000 consol. refunding gold 4^8, $5,000,000
are reserved to retire first 5s, $1,000,000 for general 5s due June 1,
1936, remainder for improvements, etc. V. 70, p. 230, 480. About $1,000,000 consol. 5s of 1893 are stamped subjeot to call at 110. On July 1,
total,
1902, real estate morts., $100,000.
Report.— Report for year ending June 30, 1902, was In V. 76, p. 208In 1902 03, gross, $3,159,024; net, $1,128,416; other income, $3,477;
harges, $135,354; balance, $696,539.— (V. 77, p. 1294.)
Cleveland Ac Mahoning Valley Ry.— Owns from Cleveland,
O., to Sharon, Pa., 81 miles [57 double traok]; Nlles, O., to New Lisbon,
O., and branches, 44 miles. Leased to Nypano RR. (formerly N. Y.,
Penn. A Ohio) till 1962 rental $525,967 per annum. Coupon interest
is J. A J., registered interest, Q.-J. Stook is $3,259,200, of which
$2,758,250 is held by "Atlantlo First Leased Lines Rental Trust Co.,
Limited," of London.
Dividends in 1897, 13% p. c; 1898 to 1903,
both Inclusive, 13 ^ p. o. yearly.— (V. 63, p. 968.)
;
Cleveland A Marietta Ry.— Owns from Marietta. O., to Canal
Dover, 103 miles, and branoh 7 miles, Zoar, O., to Canal Dover, leased.
Pennsylvania Co. obtained control JnNov., 1893, having purchased
•bout two-thirds of the stook, and took oharge Jan. 1, 1900, the net
revenue over operating expenses, taxes and Interest on bonds being
returned to the company. Stook, $2,000,000— par $100. V. 69, p. 1345.
Bonds.— Guaranteed prln. and Int. by Penn. Go. Sink, fund 1 p. o.
EARNINOS-Rerort for 1902 in V. 77, p, 87. In 1903, gross, $783,708;
net, $164,938; other income, $801; int. on bonds, etc, $142,233; bal..
sur., $23,505. In 1902 gross, $696,051; net, $133,417.— (V. 77. p. 87.)
Cleveland A Plttwburg Kit.— See Map Pennsylvania Railroad.
Cleveland, 0.,to Roohester, Pa., 124 miles; branches— Bayard, 0.,to New
Philadelphia, 31m.; Yellow Creek to Bellaire, 43 m.; other, 3m.; traokage, Roohester to Pittsburg (Pltteb. Ft. W.A Chic), 26 m.; total. 227 m.
Lease— Leased for 999 years, Deo. 1, 1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. o. on $11,226,300 stook,
interest on bonds and organization expenses. The stockholders will
vote on May 19, 1904, on authorizing $10,738,135 special betterment
stook (subordinate to the present outstanding stock) to be guaranteed
4 p. c. dividends by the Penn. RR. and issued from time to time for
Improvements. V. 78, p. 1222
Bonds.— Generals are all equally secured; guaranty. V. 56, p. 604.
Earnings.— In 1903 gross earns., $7,470,844; net, $2,581,217; profit
to lessee was $1,327,870.— (V. 75. p. 134, 793; V. 78, p. 1222.)
Cleveland Terminal & Valley RR.— See Map Baltimore dt
Ohio.
Owns from Cleveland, Ohio, to Valley Junction, 75 miles;
branches^ 7 miles; yard track and sidings, 87 miles. Successor, per
plan In V. 60, p. 437 and V. 61, p. 70, to Valley Ry.,foreoloeed in 1895.
Stock—Of the $5,200,000 common (par $50) B. A O. owns $4,594,300
wmmon and of the $2,200,000 preferred, $949,200; par $100.
Bonds—The first mort. bonds are guaranteed, principal and interest,
by the B. A O., endorsed; interest is paid regularly from earnings. A
majority is stamped as subjeot to call on 60 days' notioe at par and
Interest on or before May 1, 1904.— V. 71, p. 913. Car trust lease warrants (58), $192,000, due $27,000 May 1 yearly to 1909, inolusive.
Earnings.—Year 1902-03, gross, $1,124,755; net income, $369,681
Interest, etc, $262,849; surplus,
$106,832.— (V. 76,
p.
209.)
Coah ulla A Pacific Ry.—Saltillo to Torreon, Mexloo, 200 miles;
completed Aug., 1902. On Aug. 10, 1903, John W. Hardenburg of
Jersey City and Luoian T. Ross of New York were appointed receivers.
Latter were authorized to borrow $50,000. V. 77, p. 349. Stook,
authorized, $1,500,000; all outstanding; par of shares, $100. Mortgage trastee, New Jersev Title Guarantee A Trust Co. SeeV. 72, p.
872. Pres., A. W. Lilliendahl Treas., H. T. Lllllendahl, 15 Exchange
PI., JerseyCity, N. J.-(V. 75, p. 341, 1086; V. 77, p. 349.)
Colebrookdale
Pottstown to Barto, Pa., 12-84 miles.
Leased to Phila. A Reading Ry. Common stook, $297,215; par $50.
Coal
Coke Ry.— Projected from Elkins, W. Va., to Charleston,
W. Va., about 180 miles, of whloh Charleston to Otter, 64 miles, are
In operation the balanoe Is to be completed in the spring of 1905, 15
miles of track having been laid iu Sept., 1903. About 100,000 acres of
coal lands are owned along the line of the road.
A consolidation on
Sept. 1, 1903, with the Charleston CI endennin & Sutton RR
V. 77,
p. 249, *23. Stock authorized, $10,000,0(0; outstanding April 1, 1904,
$3,60o,00ti. The mortgage covers the road and coal lands; V. 78, p. 47.
Year ending June 30, 1903 (64 mllesi, gross, $202,037; net, $87,304;
total deductions, $105,299; bal., stir., $17,995- Pres., H. G. Davis,
Elkins, W. Va.; Treas., Arthur Lee, Elkins,
Va.; Sec, O. M. Hendley, Washington, D.
(V. 78, p. 47.)
Colorado midland Ry.—Owns from Colorado Springs to New
Castle, Col., through Busk-Ivanhoe tunnel, 234 miles, Including Snowden to Leadville, 8 m., not operated; Jerome Park branoh, 15 miles;
Aspen branoh, 18 m.; total owned, 267 miles. Leases New Castle to
Rifle Creek, 14 miles, and Rio Grande Junotlon RR., Rifle Creek, Col.,
to Grand Junotlon, 63 miles total owned and leased, 344 miles.
Organization.—Successor Oot., 1897. to the Colorado Midland Railroad, foreclosed and reorganized per plan in V. 64, p. 1224, 1226.
In May, 1900, a majority of stook was purchased In the joint Interest
of the Colorado A Southern and Rio Grande Western, v. 70, p. 686,
791, 997, 1290; V. 71. p. 28; V. 73, p. 1111. No stock Is held by the
public Pref. $6,000,000; common, $4,000,000.
Bonds.— In June, 1900, the $6,250,000 2, 3, 4s were made full 4 per
oent bonds, and the right to issue $500,000 prior lien4s was waived;
V. 70, p. 1290; see also V. 71, p. 139.— (V. 72, p. 821.)
FV*. end. June 30— Gross.
Net.
Misc. inc. Charges.
Balance.
1902-3
$1,962,645 $336,640 $41,408 $466,040 df.$87,992
1901-2
2,162.286
492,866
41,615
514,458 sur. 20,023
Officers.— President, Frank Trumbull; Vloe-Pres., Geo. W. Kramer;
Treas., H. B. Henson; Sec, Harry Bronner, 74 Broadway, New York.
Directors.—Grenvtlle M. Dodge, Uenry Budge, Edwin Hawley, B. C. Henderson, George .1. Gould. Kdwln Gould, Wlnsl ,w 8. Pierce, Geo. W. Kramer. K,
T. Jeffery and Frank Trumbull.
-(V.75,p. 665; V. 77, p. 2035,2389.)
;
RR.—
&
;
;
W
C—
;
&
Colorado
Northwestern Ry.— Boulder to Ward, Col.. 26 1*
miles; operated from Oct., 1898. Foreclosure sale deferred until May
Early in 1904 $150,
4, 1904. 8tock, $500,000; par $100; all issued.
000 equipment bonds were issued. V. 78, p. 820. Year ending June
gross, $54,181: ret. $5,408. President, W. O. Culbertson,
30, 1903.
Glrard, Pa.— (V. 77, p. 510; V.78, p. 286, 820.)
Southern
Colorado
(See Map.)— Operates from Orln
Junotlon, Wyoming, through Colorado to Fort Worth, Texas, via.
Mile*
Lines nwned.
Miles.
Cheyenne to Orln Junction
164 Other lines, br., etc. (106 nar. gan.) 364
unci. Col.
Denver to BesBemer J
128 Trackage— Pueblo to Walsenburg
Denver to Leadv. {narrow gauge) 151
(Denver * Kio Grande)
68
&
Ry.—
. .
.
Como
Baldwin Mine ( do
Trinidad, Col., to Texas State
to
131
).
136
Total owned and leased
1,181
Worth & Denver City Ky., 468 miles.
Has trattlo and trackage agreement with Union Paoiflo, connecting
the Cheyenne A Nor. Division with the system at Greeley and Denver;
also over Atchison tracks, Denver to Pueblo, Col. V. 69, p. 179.
Organization.— Sucoeeded on Jan. 11, 1899, per plan in V. 67, p.
748, the Union Paciflo Denver A Gulf and Denver Leadville A Gunnison. Owns a large majority ol the oommon stook of Fort Worth A
Denver City Ry., whloh see. Colorado Midland is controlled Jointly by
Colorado A Southern and Rio Grande Western. V. 70, p. 739. In Mar.,
1902, Edwin Hawley, President of Minneapolis & St. Louis RR., and
line
Also has large interest tn Fort
associates, acquired control.
V. 74, p. 679,727.
Voting Trust.— All classes of stook are vested in the voting trustees, Grenville M. Dodge, Frederic P. Oloott, Harry Walters, Henry
—
>
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KAILWAY STOCKS AND BONDS.
1622
RAILROADS.
Miles
Date
Size, or
Amount
Par Outstanding
of
of
For explanation of column headings, &c, see note
Road. Bonds Value.
on first page of tables.
Columbus A Toledo— See Hocking Valley Rt.
Columbus A Xenia—Stook, 8 per cent rental
55
Combination Bridge (Sioux City, la.)— 1st M
"ii
Concord A Olaremont (N. H.) — 1st mortgage
Concord A Montreal Stook, Class I. (B. C. & M. pf.)
Stook, Class 1KB. C. &M. new)
Stook, Class III. (B. C. & M. old stook)
Stook, Class IV. (Concord) $6,000,000 auth. Text
166
Bost. Con. & Mon. Improvement mortgage
c
Concord* Montreal con. M. for$5,500,000.BB.o' 262
Debenture bonds, $1,150,000, currenoy
o'
Do
do
$500,000, Int. guar
Concord A Ports.— Stook, 7 p.o. rn'l, 99 yrs. Cono'd.
40^
Conn. A Possum.—Pret. stook, 6 p. o. rent'1,99 yrs.o"'
1st mortgage $1,900,000, gold
iio
o*
Massawippl st'k, guar.same div. as Conn. & Pass.
37
Newport & Rlchford 1st mort. guar, by C. <fe P.o*
22
Connecticut River— Stock ($2,670,000 authorized)..
80
Bonds, not mortgage, for $1,000,000, gold
c
Bonds, not mortgage
do
do
Connecting (Phila.)-lBt M., gu. p. & 1. Pa. RR. en. o 6-75
Phil. Germ. & Chest. Hill 1st M., gu. by Pa. R.y.r
7
3*2 per cent gold mortgage, $5,000,000
36
Cooperstmon A Swq Tal.— 1st M., $200,000, int. gu 19ifl
Copper Range— 1st mortgage, gold (see text)
105
Cornwall A Lebanon.— Stock
26
1st mort., $800,000. red. at par beginning 1906.r
26
Corvallis A Eastern—1st mort. ($11,250,000). Ce.o*
Cuba Eastern— 1st mortgage, $1,000,000, g. K...0*
43
Cuba RR.— 1st M., gold, $20,000 per mile itlo.cfer 376
Cumberland A Pennsylvania— 1st mort.,g., G.gu..
57
Cumberland Valley— Common stook
—
$50
1895
1894
500<fco.
1,000
100
100
100
100
1881
1890
97-*99
1900
1,000
1,000
1,000
1,000
100
100
1893
1,000
1881
1,000
100
100
1893
1,000
1901
1,000
1903
1,000
1864
1,000
1883
1,000
1902
1,000
1888 100, &c.
1899 500, &o.
60
1891 100 <fec
1898
1,000
1903
1,000
1902 1.000&0
1891
1,000
50
Budge and J. Kennedy Tod
until Jan. 1, 1904, and then until the first
preferred stock shall have received a 4 per cent cash dividend for
three consecutive years. The voting trustees may, however, deliver
the stook at any earlier date.
Dividends.— 1st pref., 1900, 2 p. c; 1901, 3**; 1902, 3%; 1903, 4 p. *.;
1904, April, 2 p. c.
Bonds.—The new mortgage is a first lien on all the road, equipment
and other property, $1,050,000 being reserved for the acquisition of
coal properties, etc., at not exceeding $300,000 a year; $147,000 have
been retired and canceled. Statement to the New York Stock Exchange in V. 68, p. 1027; V. 77, p. 2158.
Earnings— 8 mos., J 1903-4
Gross, $4,089,064; net, $1,104,758
July 1 to Feb. 29. $1902-3
Gross, 4,128,886; net,
982,439
Anndal Report.— Fiscal Tear ends June 30. Report for year
1902-03 was in V. 77, p. 1870, showing:
Tear ending June 30—
1802-03.
1901-02.
1900-01.
Gross earnings
$6,142,989
$6,580,327
$4,794,649
Operating expenses & taxes... 4,908,111
4,260,425
3,712,300
Net earnings
$1,234,878
$1,319,902
1,082,349
Total net iD come
$1,293,753
$1,379,362
f1,124,524
Interest on bonds, etc
796,800
752,603
718,876
Dividends on 1st pref
(4%)340.000 ( 3^)297,500 (3^)297,500
Balance, surplus
$156,953
$371,759
$235,648
Officers.—Chairman, Grenville |M. Dodge, N. Y.; President, Frank
Trumbull, Denver, Col.; Viee-Pres. and Gen. Man., J. M. Herbert,
Denver, Col.; Sec. and Treas., Harry Bronner, 74 Broadway, N. Y.
Directors.— Grenville M. Dodge, Henry Budge, Jos. P. Cotton Jr., Frederic P.
Olcott, John J. Emery, Edward J. Berwind. Edward C. Henderson, Adolph
Lewisoun, Edwin Hawley. Norman B. Beam and Hairy Bronner, New York
City: Harry Walters, Baltimore, Md.; Frank TrnmbuL, Denver, CoL
—(V. 76, p. 265;V.77,p. 1746, 1870, 2035, 2097.)
Colorado Springs 6c Cripple Creek District Ry.— Colorado
Springs to Cripple Creek, Col., 46 miles; branch, Cameron to Victor, 5
m.; other branches and bduts, 24 m.; total, 75 miles, of which 59 m.
steam, 11 m. steam and electric and 5 m. purely electric. Eleotrio lines
connect principal towns in Cripple Creek district. Owned by the
owners ot the principal mines of the Cripple Creek Distriot.
Stook, all outstanding, oommon, $1,200,000; preferred, 5 p. o. noneum., $800,000. Par of shares, $100 each. Beginning Jan. 1, 1901, a
sinking fund of 5 per cent of gross earnings for preceding year can retire first mortgage bonds yearly at 110 for the first 15 years, then at
107^ for 5 years, then 105 for the next five years,[then 102 *a for three
years, thereafter at par.
Of the first consol. 5s of 1902, $2,977,000
were reserved to retire the $1,977,000 first and $1,000,000 second
mortgage bonds; in Oct., 1903, $756,000 of the second mortgage
bonds had been retired. V. 76, p. 345.
Earnings.— For year ending June 30,1903, gross earnings, $884,451; net inc., $469,674; charges, $'200,373; sink, fund, $44,222; bal.,
sur., $225,079. Pres., Irving Howbert; Seo. and Treas., E. F. Draper;
Aud., L. F. Linney.-(V.77, p. 347.)
Colorado 6c Wyoming Ry.— Hartvllle to Sunrise, Wyo., 18
miles; connections with various lines at Pueblo, Col., main line and
sidings, 95 miles; Trinidad, Col., to Curatro, with spurs to mines. 58
miles; total, 171 miles. The Colorado Fuel & Iron Co. owns the $100,000 stock. Bonds, see table above. President, F. J. Hearne.
Colombia Newberry 6c Laurens
Columbia to Laurens,
S. O, 75 miles. Stock. $500,000. Bonds were 6s, but re-issued as 3s
in 1900 under agreement, certificates of interest to amount of 40 p. o.
of bonds belnjt issued bearing interest, if earned. Loans and bills
payable June 30, 1903, $63,000.
Earninos-8 mos., ) 1903-4
Gross, $160,469; net, $45,416
July 1 to Fob. 29.
<1902-3
Gross,
126,118; net, 37,868
ea en(11 11 8 June 30, 1903, gross, $192,923; net, $50,654; charges,
..X F~
$34,457; bal., sur., $16,197. President, W. G. Guilds, Columbia, 8. C.
Columbia Southern Ry.—See Stjpp, for Jan., 1903.
'
RR.—
,
Columbus Hock. Valley 6c Tol.— See Hocking Valley Rt"
Columbus A Lake Michigan RR.-Owns Lima, O., to Defl"
anoe, 40 miles. Successor, Aug., 1902, to Col. Lima 6t Milw. RR., fore
closed. V. 75, p. 289, 1147. Extension proposed in 1904 from Lima to
West Mansfield, O.. 40 miles, at a connection with Toledo & Ohio Central. Stook authorized, per mile, $10,000 eaoh of oommon and
4 p. o.
non-cumulative pref.; par, $100. Bonds, see table above. President,
Qarrett8on Treas., E. Hope Norton, 83 Wall St., N.Y.— (V. 76,
Hof"
Col. Sand.
Columbus
!
6c
Hocking RR.—Foreclosed In 1902.— (V. 75, p.906.)
Southern Ry.—Lanoaster Junction, O., at a connection with the Penn. RR.,to South Bloomlngville, 34 miles. Successor of the Columbus Wellston and Southern RR„ sold in foreclosure to J. G. Reeves and associates of Lanoaster, 0.,on Deo. 4. 1901.
V. 78, p. 1206; V. 76, p. 184. Stook auth., $2,000,000— (V. 75, p. 239.)
6c
ColumbusTerm.de Transfer RR.—V. 78, p. 286.
Columbus 6c Xenia RR.—Owns from Columbus, O,, to Xenia, O.,
55 miles. Operated as a division of the Little Miami, and is leased for
99 years from December, 1869, in connection with that road, to the Pittsburg Cincinnati Chicago & St. Louis, which pays 8 per oent on stock.
The lease Is guaranteed by the Pennsylvania RR. Co. In March, 1901,
the additional dividends, 2^ p. o. per annum, from assets, was dlsconuio uuuii/iuuai uiviueuus, *&
ann
.
tinned for the present.— (V. 72, p. 532.)
[Vol. lxxviii.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks—Last
Dividend.
Whom.
Cent.
Payable
$1,786,200 See text.
500,000
5
500,000
4*
800,000
7
540,400
7
459,600
7
5,647,600
7
500,000
6
5,000,000
4
1,050,000 3i« &4
462,000
3^
350,000
7
2,500,000
6
1,900,000
4 g.
400,000
6
350,000
5
2,630.000
10
1,000,000
4g.
290,000
3ifl
969.000
3^
200,000
6
41*
1,000,000
3i« g.
592,000
200,000
5
2,025,000
5 g.
800,"00 6 in 1903
766,400
5
2,115,000
4 g850,000
6 K4,978,000
5 g1,000,000
5 g1.292.950 8 in 1903
Q.-M. Columbus, O. Treasurer Mar.10,'04.2%
<fe
J. N. Y., Hanover N. Bk. July 1, 1915
& J. Bost.,N.Bk.of Redemp. Jan. 1, 1914
Apr. 1*04,1%%
See text.
Q.-J.
Apr.1'04,1%%
do
do
Apr.1'04,1%%
Apr. 1 '04,1%%
do
q!-j!
,
J.
J.
& J. B'ston, Faneuil Hall B*k Jan. 1, 1911
& D. Boston Safe D. Tr.Co. June 1, 1920
J. & D. Bos. S.D. & Tr., Boston. June 1, 1920
do
do
June 1, 1920
J. & D.
Manchester, N. H.
Jan.,*04,3ifl%
J. & J.
P. & A. Boston, 8. Dep. &Tr. Co. Feb. 1, *04, 3%
do
do
Apr. 1, 1943
A. & O.
Feb., 1904, 3%
do
do
P. & A.
do
do
Jan. 1, 1911
J. & J.
Boston, Mass.
Jan. 1, '04. 5%
J. & J.
do
do
Sept. 1. 1943
M. & 8.
do
do
Jan. 1, 1921
J. & J.
Jan. 1, 1923
do
do
J. & J.
M.15 AS Phila., Broad St. Stat'n. Sept. 15, 1904
May 1, 1913
do
do
M. & N.
do
do
Mar. 15, 1932
M.15&S
M. & N. 2d N.Bk..Coop'st'n N.Y. May 1, 1918
Boston, Mass.
Oct. 1. 1949
A. & O.
F. & A. Co.'s off., Lebanon, Pa. Jan.11,'04,3%
do
Apr. 1, 1921
do
A. & O.
New York City.
Feb. 1, 1998
F. & A.
M. & S. N. Y., Knick. Trust Co. Mar. 1, 1933
J. & J. N. Y., Morton Trust Co. July 1, 1952
M. & N. Guar. Trust Co. of N. Y. May 1, 1921
Q.-J. Phila. & Chambersbursr. Apr. 1, '04. 2%
J.
J.
<fe
Combination Bridge (Sioux City, la.)—Owns steel bridge
1,940 feet long over Missouri River, with approaches, 1 mile, used by
railroads and street cars and as a highway.
Stock, $1,500,000, all common and all outstanding. Mort. trustee,
Union Trust Co., Indianapolis, Ind. Pres., Jos. O. Head, Latrobe, Pa.;
Secy., F. L. Eaton, Sioux City, la.— (V. 78, p. 102, 286.)
Concord Ac Montreal
From Nashua, N. H., via Concord, Plymouth, etc, to Groveton and the White Mountains, 450
miles In all, (inoluding Manchester & Keene, 30 miles, owned Jointly,
414 miles; 35 miles double track. A branch from Concord to Manchester, N. H., 17 miles, to be operated electrically, was oompleted in
Aug., 1903); $500,000 bonds will be issued therefor. V. 71, p. 698, 751;
V. 74, p. 727. June 29, 1895, leased to Bos. & Maine for 91 years at
rental of 7 p. o. per annum on all stook. The stockholders voted on
April 8, 1903. to purchase the Concord Street Ry., and to issue $500,000 stock, of which $250,000 Class 4 sold.— (V. 78, p. 228, 286.)
Concord 6c Portsmouth
Owns Portsmouth, N. H., to
Manchester, N. H., 40^ miles. Leased to Concord RR. in 1862 for 9i>
years; rental, $25,000; 7 p. c. on stook and organization expenses, and
so operated by the Boston & Maine.
Connecticut 6c Passumpslc Rivers
White River Juno.,
Vt., to Canada Line, 110 m.; leases 999 years Massawippl Valley, 37 m.
Lease.— From January 1, 1887, leased to the Boston &
Lowell for 99 years on a basis to pay Connecticut & Passumpslo stook
5 per cent till January, 1897, inolusive, and 6 per cent thereafter.
Securities.—Massawippl stook receives same dividends as stook of
lessee, and $400,000 of it [not inoluded iu the amount outstanding
is pledged
as part security for 4s of 1893. Of the $2,500,000
preferred, $500,000, as also $50,000 Massawippl Valley Ry. stook,
are represented by Connecticut Trust & Safe Deposit Co. of Hartford
5 per oent trust certificates, under which the Vermont Valley has the
right for 45 years from Aug. 1, 1885, to purohasethe trust stook at
par and Interest and in the meantime reoei ves all dividends above 5
per cent per annum on the stock deposited in trust.— (V. 57, p. 1040.)
Owns from Springfield, Mass., to
Connecticut River
Keene. N. H., 74 miles (double tracked, 36 miles) ; brandies, 6 miles.
Lease.—Leased for 99 years from Jan. 1, 1893. to the Boston A
Maine, annual rental (as amended Oct. 10, 1895) being 10 per oent per
annum on capital stook), payable directly to the stockholders in semiannual instalments Jan. 1 and July 1, and in addition thereto interest
on bonds and scrip and $2,000 for organization expenses. Lessee pays
all taxes, operating expenses, etc, but lessor to issue its stook or
RR.—
RR.—
RR.—
RR.—
bonds for permanent improvements. — (V. 76,
p. 212.)
Connecting Ry. (Philadelphia).— Owns from Mantua Junction
to Frankford Junotion, Pa., 7 miles; Germantown Junction to Chestnut Hill, 7 miles; branches, etc, 29 miles; total, about 36 miles.
A
A
consolidation Jan. 1, 1902. with the Philadelphia Germantown
Chestnut Hill and other roads. V. 73, p. 390. Stook authorized, $5,800,000; outstanding, $3,613,650; all owned by Penn. RR. Dividends
paid in 1902, 4 p. o. (J.&D.)-(V. 75, p. 1354.)
Cooperstown
6c
Charlotte Valley
Hud.)—Owns
RR.— (Sere Map D#L
&
Jt
Charlotte Crossing to Davenport Centre, 4'51 miles;
leases for 99 years from Jan. 1, 1889, Oooperstown
Susque. Valley
RR., Cooperstown to Charlotte Crossing, with branch to Cooperstowa
Jot., 19'48 m., guaranteeing interest on latter's $200,000 5 p. o. bonds.
Stock, $45,000, acquired July, 1903, by Del.
Hud.—V. 77, p. 88.
Calumet, Mich., to Mass City, with
Copper Range
branches total, Oct., 1903, 105 miles side tracks, 15 miles. Stook,
$2,605,100. owned by Copper Range Consolidated (Mining) Co. Bonds
limited to $20,000 per mile of main line and branches and $15,000 per
mile of sidings. Of the $2,025,000 bonds outstanding, $615,000 were
In Jaw., 1 903, hold In the treasury of the Copper Range Consolidated
Co. V. 78, p. 228. For 8 mos. ending |Feb. 29, 1904, gross, $345,375;
net, $120,681. Year ending June 30, 1903, gross, $399,504; net,
$179,213; int., $70,500; bal., sur., $108,713. President, William A.
Paine; Seo. and Treas., Frederlo Stanwood, Boston.— (V. 78, p. 228)
V. 74, p. 1139.
Cornwall
A
RR.—
;
;
RR.—
RR.—
A: Lebanon
Owns Lebanon, Pa., to Conewago,
miles; branches, 4*78 miles. In June, 1901, the Pennsylvania
Steel Co. acquired $540,000 stook, nearly all the remainder being
owned by the Lackawanna Steel Co. V. 72, p. 1241, 1283.
Diva— J To 1893 '94 '95. '96 '97 '98 '99 1900 '01 '02 '03 1904
(Peroent) <4to4inyrly
4
5»a6 6 Jan., 3
Earnings— 8 months J 1903-4
Gross, $162,089; net, $72,028
July 1 to Feb. 29.
Gross, 158,484; net. 65,020
1 1902-3
Surp. over charges, 8 mos., $39,262 In 1903-4, agst. $33,472 in '02-3.
Year 1902-3, gross, $253,859; net, $104,743; interest and taxes, $38,320; dividend (6 p. c), $48,000; bal., surp., $18,423.— (V. 72, p. 675.)
Cornwall
2166
24
34
4>«5
Corvallis 6c Eastern RR.— Owns from Yaqulna to Idanah, Ore.,
142 miles. Land grant was 850,000 aores. Organized in Dec, 1897, to
purchase and extend the Oregon Central & Eastern, whioh was the
suooessor of Oregon Pacific, sold in foreclosure Deo. 22, 1894. Stook,
$11,250,000; outstanding, $2,115,000. Mortgage provides for extension eastward to Snake River in Malheur Co.
Earnings.— In year ending June 30, 1902, gross, $128,893; net
$34,522 total deductions, $67,220.— (V. 68, p. 474; V. 77, p. 2159.)
Cotton Belt.—See St. Louis Southwestern Ry.
;
Council City
6c
Solomon River RR.—V.
77, p. 1746.
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
1623
".J. V V-B-
MAP OF THE
DELAWARE & HUDSON
^Fornham
:<^>
RAILROAD SYSTEM.
^TWaterloo
3
'
iJc.
St.Johns^
C22
Tsuttbn Jc.
D
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7
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V.
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wTorvralkJ
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tc
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„
.svUB
Chunk
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.
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Tjsville.
(fUc
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7
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'{Ll.lL
UAILWAY STOCKS AND BONDS.
1624
RAILROADS.
Miles
Wot explanation or column headings,
on first page of tables.
<tec,
see notes
Date
Size, or
of
of
Par
82
c
142
32
Preferred (8 p. o. guar. C. H. & D.) endorsed.
1st mortgage, guar. p. & 1. end by C. H. & D
Dayiondt union RR.— IstM., s. f. (not dr'n)
o
call at par.F
L- M. and C.
& X.o
Gen. M., gold.FP
o
Chesapeake 1st M assumed, cur..o
Del. <£ Bound Br.— Stock— 8 p. o. gu. Phila. & Read.
1st mortgage
2d mortgage, extended in 1899
Delaware Hudson— Stook (auth.), $44,407,100 ...
IstM. on Pennsylvania Div. ($1 0,000,000) Unc&r
8chenectady & Duanesb'g, 1st mort., assumed
Delaware
<&
Outstanding
Road. Bonds Value.
Oumb. Vni.—{Oon.)—Prel. stook ($243,000 2d pf.)
2d (now 1st) mortgage
Dayton dk Mich,.—Com. st'k (3*3 p.c. guar.C.H.&D.)..
Dayton Union Ay.— 1st M., s. f.,
Dayton <£ Western— 1st M., guar.
Delaware—Stock
Amount
,
"38
224
117
54
"27
27
<fi
Adirondack, 1st M.,gold,gu. p. <fci. end.Cs..c*<fcr
Equipm't M., $150,000 payable May, y'rly.Usm
Kyuipm't deb., $2,500,000, $200,000 an'ly, Jan. 1
Guaranteed Bonds.
Hud. Coal Co. deb ,gu., p.& i. end., part due.y'ly.
Bluff Point Land Improve. Co. lstM.,gold,guar.o*
14
57
—
$50
1856 500 &o.
50
1871
50
1881
1,000
1879
1,000
1899
1,000
1,000
1864
25
1892
1,000
1882
1,000
100
1875
1,000
1879 100 Ac.
100
1877 l.OOO&c
1874 100 &0.
1892
1,000
1899
1,000
1900 10,000
'01-'02
1,000
1890
1,000
1902
1,000
c*<fcr
Chat. Ore <fe I. ,ref. M., call 105. Co
Albany & Susquehan. RR., N. Y. & Canada RR Chate augay & L. Pla
50
Delaware Lackawanna <& Western— Stock
1,000
Con. M. now 1st on road & equip ($10,000,000) Fc 1.94 1877
All.
39 1860
Delaware Md. A Fa.— Junction & B.— 1st mortgage
All.
19 1874
Break. & Frank. 1st m. to State, red. aft. Jan.'95.
c*
Other mortgages
1903
Delaw. <t Northampton— lstM.,$2,500,000,g..s.f.K
1,000
10 1896
Bridge— 1st M., g.,gu. p.41.GP.C
Del. River RR.
,
$484,900
94,000
2,401,900
1,211,250
2,728,000
225,000
478,000
495,000
2,987,225
500,000
400,000
1,800,000
1,500,000
300,000
41,407,100
5,000,000
500,000
1,000,000
750,000
1,900,000
Cuba Eastern RR.—To
be completed May 15, 1904, from GranaBay, on south coast of Cuba, northwest via Guantanamo to forest
lands owned by the Cuba Hardwood Co., 43 miles; extension to La
Maya. 30 miles, is to be begun in 1904; to be extended eventually to
Nipe Bay, on the north shore of Cuba; also branch to be built from
a point near Guantanamo easterly to Baraoao. Has five-year
contract with Cuba Hardwood Co. V. 76, p. 1355. Stock, $2,000,000,
all outstanding. Bonds (see above), $411,000 outstanding Oct., 1903.
Pres., H.W. Bennett. Office, 79-81 Wall St..N.Y.- (V. 76, p. 1355.)
Operates from Santa Clara, Cuba, to Santiago de
Cuba
Cuba, 356 miles, of which Santa Clara to San Luis, 336 miles, is
owned and balance controlled; also owns branches, Zaza Jot. to Sanotl
Splritus, 9 miles; Alto Cedro to the Bay of Nipe, 31 m.; total owned,
376 miles; controls Ponupo branoh, 12 miles, and leases Jucaro to
San Fernando, 42 miles; total operated, 450 miles. See V. 75, p. 1147,
1347. Road opened Deo 8, 1902. Sir William C. Van Home is prominently identified with the enterprise.
Stock authorized, $10,000,000 eaoh of common and 6 per cent nonoum. pref.; outstanding, common, $6,126,000; pref ,$10,000,000; par
of shares, $100. Bonds, see table above. President, Franklin B.
Lord; See, Chas. J. Fay; Treas., James I. Burke. Office, 83 Montgomery
St., Jersey City, N. J.; 80 Broadway, N. Y.— (V. 75, p. 1147, 1307.)
dillo
RR.—
Cumberland & Pennsylvania RR.— Owns
from Cumberland,
Md., to Piedmont, Md., and several branches, 57 miles. Owned and operated by Consolidation Coal Co., which guarantees by endorsement the
V. 52, p. 390. Stock, $1,500,000; par, $100. For year
first mortgage.
ending June 30, 1901, gross, $812,077; net, $364,492 charges, $93,202; dividends, $82,968; bal., but., $188,322. In 1899-0, net, $164,102.
Cumberland ValleyRR.— Owns from Harrisburg, Pa., to Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— Cumberland Valley & Martinsburg Railroad, 34 miles; Dillsburg & Meohanicsburg Railroad, 7 miles;
Southern Pennsylvania Railroad, 21 miles; leases Cumberland Valley
& Waynesboro RR., 18 miles; total operated, 163 miles. V. 61, p. 152.
Merger with Northern Central Ry. reported proposed. V. 77, p. 1873.
;
Stock, Etc.—Pennsylvania RR. owns $975,850 com. and $237,200
The $139,500 8 p. c. bonds maturing Apr, 1, 1904, were paid off.
Dividends.— In 1880 to 1884, 10 per cent yearly; from 1885, to
Apr., 1904, both inclusive, at rate of 8 per cent yearly.
Earnings. -1 month,
)1904
Gross, $149,750; net, $6,783
Jan. 1 to Jan. 31.
Gross, 125,193; net, 21,860
S 1903
Report.— Earnings entire line as follows:
Oross
Net
Int., etc.
Tear.
Dividends.
Bal.,surp.
1903.... $2,019,378 $425,296 $75,232
(8 p.o.)$142,228
$207,836
1902.... 1,256,501
378,702
62,059
(8 p c.) 142,228
174,415
From surplus in 1903. $131,299 was appropriated for extraordinary
expenditures. -(V. 70, p. 580; V. 72, p. 391, 532; V. 77, p. 18730
Dallas Cleburne & Southwestern Ry.— Owns Egan, on Mo.
Kan. & Texas RR., to Cleburne, 10 miles. Operated from Deo. 1, 1902.
Extension proposed from Egan to Dallas, 27 niles, and from Cleburne to Glenrose, 50 miles. L«ased to Mo. Kansas & Texas Ry. V.
76, p. 48. Bonds authorized, $150,000 first mort. 30-year gold 5s. President, W. D. Myers, Cleburne, Tex.— (V. 76, p. 48; V. 77, p. 88.)
pref.
Dayton
Jk
Michigan
HR.— (See Map
Oin.
Ham.
<£
Day.—Owns
Dayton, O.. to Toledo June, O., 141 miles; trackage into Toledo, l4 m.
Leased May 1, 1863, In perpetuity to Cincinnati Hamilton & Dayton.
Rental is Interest and sinking fund and 8 p. o. on pref. stook and 3^ p.
o. on common.
Guaranty onpref erred is secured by mortgage of 1871,
but the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 is held alive under mortg. of 1881, which is therefore a first lien.
Dayton Union Ry.— Union depot at Dayton, O. Used by Pitts.
Clnn. Chic & St. L., Cleve Cinn. Ohio. & St. L Cinn Ham. & Dayton,
Dayton & Union RR. and Erie RR. under lease which provides that
interest on bonds and other expenses he divided between them on train
basis. Stook, $321,000, all common. Pres,, M. E. Ingalls; Sec, Ralph
Peters; Treas., O. G. Waldo. Otlice, Cincinnati, O— ( V. 73, p. 1312.)
Dayton A Union RR.—Owns from Dodson, O., to Union City,
Dad.. 42 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47
miles. Operated by Cleveland Cinn. Chioago & St. Louis, which, Jointly
with the Cincinnati Hamilton & Dayton, owns the $86,300 stock. All
surplus earnings over interest goes to a sinking fund for redemption of
bonds at not above 100. Year ending Oct. 31, 1903, gross, $161,965
net, $43,762; other income, $7,875; charges, $38,254; sur., $13,383.
Dayton <V Western RR.— Owns from Dayton, O., to State line
Ind.. 88 miles, and leases 4 miles to Richmond, Did. Leased from Jan. 1
1865, for 99 years, renewable forever, to Little Miami, and so operated
by Pittsb. Cin. Chic & St. Louis. Under terms of the lease, upon payment of the D. & W. bonds the Little Miami will become sole owner
of the D. & W. Of bonds $32,000 are 7s. Stook, $309,276.
Delaware RR.— Shellpot Crossing, Del., to Delmar, Md., 95-22
,
,
;
miles; brandies, Centreville, Md., to Townsend, Del., 35-15 miles; Clayton, Del., to Oxford, Md., 54-30 m.: Seaford, Del., to Cambridge, Md.,
32-97 m.; Masseys, Del., to Ohestertown, Md., 19*63 m.; other brandies.
10-46 m.; total, 247-73 miles. V. 67, p. 1356!
Leased till May 1, 1927, to the Philadelphia Bait. A Washington,
whloh owns $1,664,475 of the stook; rental net earnings— see
64, p. 1000. Dividends 1898 to 1903, inclusive, 6 p. o. yearly. In year
ending Deo. 31, 1903, gross, $2,000,938; net, $485,489; other Income.
$22,458; interest, taxes, etc, $290,852; dividends (6 p. c). $179,233
bal., sur., $37,862.-(V. 68, p. 129.)
V
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Whom.
Payable
Cent.
fQ.-J.
8
J.
J.
&
<fe
Q—
&.
by
do
Cincinnati.
do
& Co. Cin.
N.Y., Am. Exoh.Nat.Bk
N. Y., Farm. L. & Tr. Co.
N. Y., Bank of Amerioa.
Checks mailed.
Phila., Broad St.Station
N.Y. Kessler
,
,
do
Phila., 240 So. Third St.
Phila., Guar.T.&S.D.Co.
Phila.,240 So. Third St.
Stocks— Last
Dividend.
Apr. 1, '04, 2%
Apr. 1, 1904-8
Apr. 1, '03, 1\
Apr. 5, '04, 2%
Jan. 1, 1911
Deo. 1, 1909
July 1, 1949
Jan. 1, 1905
Jan. 1, '04, 3%
July 1, 1932
Feb. 1, 1912
Feb. 20/04,2%
Aug. 1, 1905
Aug. 1, 1905
N. Y.Of.,21 CortlandtSt. Mar.15,'04,1%
do
do
Sept. 1, 1917
do
do
8ept. 1, 1924
do
do
Deo. 1, 194*/
do
do
Yearly to 1909
do
do
1905 to 1914
do
do
do
ing.RR., Coop. &
J. N. Y., 26
do
do
do
Chart. Val
May 1, '05-18
—
Jan. 1, 1940
Jan. 1, 1942
See those cos.
Exchange PL Apr.20,'04,l\
do
do
Sept. 1, 1907
Phila., Broad St.Station Jan. 1, 193s
do
do
Jan. 1, 1938
J.
J.
&
&
&
J.
J.
J. N. Y.,
M.
g-
J.
&
4
1,300,000
J.
J.
Bonds— Prinoipal, When Dae
& Chambersburg
do
A.
A.
5
(!)
Delaware
Phlla.
& O.
3ifl
& O.
Q.-J.
8
J. & J
5
7
J. & D.
4 g. J. & J.
6&7 J & J.
6 in 1903 J. & J.
4iag. J. & J.
4
F. & A.
Q.-F.
8
F. & A.
7
M. & N.
4
7 In 1903 Q— Moh.
M. & 8.
7
M. & 8.
6
4iflg. M. & S.
3^2 g. M.15&N
4
J. A J.
M. & N.
4
8 g.
2,855,000
300,000
4g.
1.300,000
4go. RR.. Utica 01in.& B
26,200,000 7 in 1903
3,067,000
7
185,000
3
200,000
3
650,000
4
<fi
[Vol. lxxviii.
g-
F.
<te
8.
do
Overdue.
Kniokerb. Tr. Co. Mar. 1, 1953
Philadelphia. Pa.
Aug. 1, 1936
do
A.
Round Brook RR.— Owns
from Bound Brook
(Central of N. J.) to Delaware River, 27 miles branches to Trenton, 7;
seoond traok 27 miles all track 83 miles. In May, 1879, leased for 990
years to Phila. & Reading RR. for $267,000, paying interest and 8 p. o.
on stook; lease assumed by Phila. & Read'g Railway.— (V. 68, p. 722.)
Delaware 6c
Co.— [See Map.)— Operates railroad lines
from Wilkesbarre, Pa., via Albany, NT Y., to Rouse's Point, on
Canada line, with branches, 821 miles in all. V. 68, p 871.
Lines owned—
Miles,
Linesleased— ^Scethesccos. Mile*.
;
;
Hudson
Lackawanna & Susquehanna.
Pa
Honesdale Branoh
22 ^Albany & Susquehanna
142
17 1TNewYork& Canada
150
28 ^[Rensselaer & Saratoga
192
Schenectady & Meohanioville. 10 Ohateaugay & Lake Placid RR. 80
Cherry Val. Sharon & Albany 21 IfUnionRR
21
U Schenectady <fe Duanesburg.. 14 IT Jefferson RR. (trackage)
35
II Adirondack Ry
57 Other lines
8
24
IT Cooperst'n & Charlotte Val.
Branches and spurs
2
Total operated Jan. 1, 1904.821
Also leases Utica Clinton & Binghamton and Rome & Clinton RR.,
44 miles, sub-let to New York Ontario & Western. Operates since
Jan. 1, 1903, the Chateaugay RR. system, Plattsburg to Saranao Lake
and Lake Placid, 80 miles. V. 76, p. 101. In July, 1903, tue entire
stock of the Cooperstown & Charlotte Valley RR. was acquired.
V. 77, p. 88. InjAug.. 1903, Soheneotady & Duanesburg RR., 14
miles, was merged. V. 77, p. 298; jV. 78, p. 985.
History. Etc.—This company was chartered April 23, 1823. It is
one of the largest miners and oarriers of anthracite coal.
Stock.— Stockholders on Mar. 7 authorized $10,000,000 new stock
making a total of $44,407,100. See "General Finances" below.
Dividends. < '84 '85 '86 '87 '88 '89 to '96 '97 to '00 '01 '02 '03 1904
81nce'83.%* 7 6 5 5 6 7 y'riy. 5y'rly. 7 7 7 Mar., 1%
Dividends for 1904 fixed at 7 p. c, payable quarterly. V. 78, p. 47.
Bonds.—In 1899-00 issued $4,000,000 equipment trust 3 i*s and debenture 4s, of which $1,350,000 have been paid and the balance is payable $350,000 yearly. V. 68, p. 670; V. 69, p. 1193; V. 70, p. 125. Chateaugay Ore & Iron Co. $1,500,000 bonds are guaranteed by D. & H
$200,000 reserved to retire Ohateaugay Ry. 6s. V. 73, p. 1263.
General Finances— On May 9, 1899, the stockholders voted to set
aside every year, as a sinking fund to retire stook and bonds and
guaranteed securities, an amount equal to at least live cents per ton of
coal sold or $175,000 to $200,000 per annum, to be charged against
income account eaoh year. (V. 68, p. 926. See ordinance in full. V. 68,
p. 1180. Coal owned and controlled Jan. 1, 1904, 223,293,754 tons.
In 1900 $200,000 stock was retired from proceeds (estimated) of the
sink, fund; $141,800 In 1901; $151,100 in 1902 and *100.000 in 1903
Stockholders subscribed to $7,000,000 new stock at $135 per share
payable $27 on Mar. 29. 1904 (or optionally all on that date), $54 on
April, 20, 1904, and $54 on June 1. 1904. The prooeeds are to be used
as follows to retire the $5,000,000 New York & Canada RR bonds
maturing May 1. 1904, the $344,000 Chateaugay & Lake Plaoid RR.
bonds, to pay the cost of standard-gauging the latter road (about
$1,600,000) the balance of over $l,600,0»0 to reimburse the treasury
for various improvements. The remaining $3,000,000 authorized will
be held for similar purposes in the future. See V. 78, p. 583, 985, 1108.
Report.— Report for 1903 was in V. 78, p. 984. Coal (anthraoite)
carried In 1903, 8,657,966 tons; in 1902, 4,640.772 tons; In 1901 7 571,298 tons.
Year ending Dec. 31—
1903.
1902.
1901
Earnings of railroads
$13,642,954 $11,050,690 $12,178*683
Net (railroads).
5,473,758
4,361,540
5,801,602
Diterest, taxes and rentals
2,994,860
2.977,120
2,998)672
.
Valley RR. of
;
:
Profit from railroads
Netooaldept
$2,478,898
*3,910,811
$1,384,420
*1,258,363
$2,802,930
"1,801,148
Total profits ............... $6,389,709
$2]642",783
$4,604,076
Deduct— Depredation of plant.
$2,290,363
5% sink, fund on coal mined.
184,552
Dividends
$1000 000
144,907
'233'369
(7)$2,450,000 (7)2,450,000 (7)2,425,850
Balance, surplus
$1,464,794
$47,876
$944,409
Earnings of the coal department in 1903. $20,543,417: expenses
net, $3,910,811. In 1902, $12,320,904; net, $1,2513.363
$16,632,606;
Officers.- President, David Willcox; Treasurer. C A Walker
Seoretary, F. M. Olyphant, 21 CortlandtSt, New York.
Managers— tiobert M. Olyphaut. Alexander B. Orr. Chauncey M DeDew
James VV. Alexander James 11. Hyde, John Jacob Astor, H. Somers HaVei
Frederlo Cromwell, David Willcox. K Suydam Grant, George 1. Wilber -^-*"" u " r C A
Peabody, B. H. Harrlman-(V.78, p. 47, 683, 9S4, 1108, Wi2.)
Delaware Lackawanna
6c Western RR.— (See Map.)- Operfrom Hoboken, N. J., opposite N. Y. City, to Buffalo NT Y
"
410 miles, with branohesto anthraoite region, etc, 555 miles, viz.:
Lines owned—
Miles.
Lines leased— ^ See each oo Milts
N. J. State line to N.Y. line.... 114 If Utioa Chenango & Susa
97
Br nche8toN'rthumberl'nd,&o. 80 HValley RR. of N. Y
Lines leased—
if Warren
to
HMorris & Essex and branohes.157 if8ussex,&o
48
TTN.Y. Lackawanna & Western. 214 Bangor & Portland" By "So"
34
U Cayuga & Susquehanna
(V. 72, p. 435).
•••— '75
35
IT Oswego & Syracuse
USyraouaeBing. «fc N.Y
81
Total operated Jan., 1904. .965
ates
,
main
line
Apr.. 1904. [
RAILWAY STOCKS AND BONDS.
1625
F
.
;
RAILWAY STOCKS AND BONDS.
1626
RAILROADS.
Miles
Date
Size, or
Par
of
of
For explanation of oolumn headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Delaw art Susq. dt 8. RR.—Stock (auth. $1,500,000)
De.£n dtOutf—lBtM.., $2,600,000,g.,red.l03 HIsto*
Denver Lakewood dt Golden— 1st mortgage. F
n
Pleasant Valley Coal, 1st M.,
s. f.,
red. 115.IU"o
Denver 8outhw.— Mid. Term. 1st M., g„ s. f.F.c*
Gen. M.. $5,500,000, s. f.. not subj. to calL.N.c*
New Secubities to bb Issued Undeb Plan.
Gen. M., $3,000,000, sink, fund $25,000 yearly..
2dM., cum. inc., $2,425,000
Des Moines dt Fori Dodge— Common stock
Preferred stock, 7 p. o. non-oum
secures
< Series A, Int. guar., end..F
lstM. )
Do. S both equally \ Series B, Int. guar., end..
1st mort. on exten.. Tara to Ruthven, Int. gu..F
D.Mo.Ia. F.dt Ho— 1st M. ,$14,000 p.m., g.red.Col.o*
Des Moines Union— 1st M. for $800,000, golcLCe.o*
.c*
Detroit Grand Haven <& Mil.— 1st equip. M. gu.
o*
Con sol. mort., guar, (option— see text)
41
127
if.
W—
Outstanding Rate
1886
1886
1888
1890
1889
1889
1899
1898
1901
1898
1895
1899
1903
1903
3.000,000
2,425.000
4,283,000
100
100
100
I
88
55
75
4
189
189
65
title
'85
'82-'84
'86 to Apr., '04.
6%
7 yearly
8 yearly
7*a
Finances.—The refunding of Morris A Essex bonds maturing prior to
Nov., 1902, reduced the guar, interest oharges of the latter about
<
$200,000 yearly; Warren RR. refunding in 1900 and 1905 will reduce
oharges about $50,000 annually. V. 70, p. 477; V. 71, p. 1066.
Annual Report.— Fiscal year ends Deo. 31. Annual meeting is held
on the Tuesday preoeding the last Friday in February. The report for
1903, witn balance sheet, was in Chronicle, V. 78, p. 815. 8ee also editorial, p. 794. The following inoludes all lines exoept Syr. Bingh'ton A
N. Y., Sussex RR., Bangor A Portland and Lack. A Montrose RR.:
1903.
1901.
1902.
Tear end. Dec. 31.
Passenger earnings
$5,083,142
$4,522,383
$4,592,036
Freight earnings
22,181,752
15,159,344
17,418,033
Miscellaneous
1,916,069
1,647,384
1,567,218
$29,180,963 $21,398,764 $23,507,634
Net after taxes
$13,137,560
$6,921,342
$9,122,216
Coal department (net)
"3,036,194
*792,477
"1,638,643
Other miscellaneous income..
464,742
401,519
441,390
Total net income
$16,638,496
$8,115,338 $11,202,248
Interest and rentals
$5,285,658
$5,250,213
$5,387,854
Rentals, advances, etc
948,434
153,627
261,212
Renewals and betterments
4,319,166
3,058,149
2,523,127
Dividends (7 p. 0)
1,834,000
1,834,000
1,834.000
Bal ance after dividends.. sur.$4,251.238 df. $2,180,662 sr.$l,196,054
* Earnings of the coal department In 1902. $19,445,950; expenses,
$18,653,473; net, $792,477; in 1901, $28,008,747; -expenses, $26,370,104; net, $1,638,643; 1900, $22,261,887; net, $1,200,082.
Officers.—President, W. H. Truesdale; Chairman of Board, Samuel
Sloan; Seo. and Treas., Fred F. Chambers, 26 Exchange Place, N. Y.
BOA BJ>.— Samuel Sloan (Chairman), Fredk. W. Vanderbllt, Wm. Vf. Astor,
Eugene HiKE'ns, Henry A. C. Taylor, J. Rogers MaxwelL, Geo. F. Baker, Wm.
Rockefeller, Hamilton MoK. Twombly, James Stlllman, M.Taylor Pyne, Harris
C. Fahnesiock. Frank Work, John D. Rockefeller Jr.
—(V. 76, p. 1029; V. 77, p. 541, 2159, 2280; V. 78, p. 815.)
Delaware Maryland & Virginia RR.— Owns from
Harrington
to Rehoboth. Del., 44 miles; Georgetown to Franklin City, Va., 54 miles
total, 98 miles. Controlled by Phila. Bait. A Wash., which owns $326,200 of the $526,758 stook (par $25), and so by Pennsylvania RR. See
V. 50, p. 498. Loans and bills payable, Oct. 31, 1903, $184,800; other
floating debt, $480,024. In year ending Deo. 31, 1903, grow, $306,092;
net, $45,135; interest, taxes, etc., $49,325; balanoe, defloit for year,
$4,190, but this does not include interest on the floating debt.
Delaware River RR. A Bridge Co.—Owns a bridge over the
Delaware River near Philadelphia and about 10 miles of oonneotlng
railroad. Capital stook ($1,300,000) is all owned by the Pennsylvania
RR., which guarantees the bonds, prinolpal and Interest, by endorsement on eaoh. Dividend for 6 mos., 2 p. o., paid Deo. 1900 1901 and
1902, 4 p. o. yearly (2 J. & D.); 1903, July,2 p. c; Deo., 2 p. o. Sink, fund
is 1 p. c, but bonds cannot be called. Guaranty in V. 63, p. 1062, 1159,
;
Delaware Susquehanna A Schuylkill RR.—Owns main line
from Drifton, Pa., to Gowen, Pa., 31 miles brandies, 17 miles; total
owned, 48 miles. Traokage— Lehigh Valley RR., etc, 133 miles.
Opened Feb. 15. 1892. The road is controlled by Coxe Brothers A Co.,
Ibc, the coal miners. Dividends Oot. 18, 1892, 40 p. o. in cash Nov
25, 1893, 20 p. c. in cash and 50 p. o. in stock; Sept. 26, 1894, 263s p. c.
in cash; 1899 to 1901, 4 yearly. 1902, 5; in 1903, May, 6 p. o. (M. & N.).
Earnings.— In year 1902-03 gross, $861,295; net, $139,044 interest and depreciation, $53,570; dividends (5^ p. o), $82,500: bal
"'"**••
'" *
Sur.,$2,974.-(V. 75, p. 666.)
;
;
;
'
Delaware Valley By.-V. 77, p. 510, 1873; V. 78, p. 286, 583.
Denlnon Bonham A New Orleans Ry.—Denison to Bonham,
Tex.. 29 miles. Operated since completion Deo. 1,1901, by the Mo
Kansas A Texas under a ten-year contraot. In Sept., 1903, parties interested in the road acquired the Velasco Brazos A Northern Ry
Anchor to VelaHOO, Tex., 20 miles. V. 77, p. 823. Stock, $480,000 In
Feb., 1903, permission was given to issue $325,000 30 year gold bonds
on road between Bonham Jot. and Bonham; V. 76, p. 381 President '
Ed. D. Stager; Sec, John W. RuBsell.— (V. 76, p. 381; V. 77, p. 823.)
Denver
Oolden
Embraoes 27 miles of
track, of which 22 steam, Denver to Ralston, and 5 trolley Denver to
Barnum. W. W. Borst, reoelver. Foreclosure sale was set for A or
21.1904. V.78, p. 820. Stock, $1,000,000. For 1902-03 gross 860
170; net, $15,592. President, Samuel Newhouse.— (V. 78, p. 820.)
Denver Enid Gulf
Projected from Guthrie, O T northwest to the Kansas State line at a point near Alva, O T 130
of
whloh Guthrie to Enid, 56 in., in operation In Oot., 1903. Stock authorised, $15,000,000; outstanding, $1,120,000; par of shares. $100
Bonds are limited to $20,000 per mile. V. 77, p. 769. President
Lakewood A
RR.—
-
A
Dividend.
,
stock of the N. Y. A Hoboken Ferry Co. was purchased V. 78, p. 815.
In Dec, 1903, the Erie & rentral New York, Cortlandt, N. Y., to Gincinnatus, 18 miles, was acquired. V. 78, p. 815.
$1881
Whom.
Payable,
1,000
;
p. o.
i
Cent
Drifton, Pa.
Nov. 2, 1903,3
$1,500,000 6 In 1903 M. & N.i
1,120,000
M. AN.|N.Y.orMi8s.V.Tr.,8t.L, May 1, 1953
627,000
See text.
1952
4g.
100 38,000,000
100 44,400,000 5 in 1903 J. A J. Office, 195 B'way, N. Y. Jan.l5,'04,2>«
500 Ac 33,517,000
4 g. [J. A J. N. Y. Fourth Nat. Bank, Jan. 1. 1936
1,000
do
6,382,500
do
A J.
Jan. 1, 1936
500
do
8.335,000
do
June 1, 1928
A D.
5 g.
1,000 X2.277.000
A J. N. Y., Maitl'd, CoppelL July 1, 1940
1,000
do
1,850,000
do
Dec. 1, 1939
A D.
1,000 Ac 15,200,000
A J. N. Y., Morton Trust Co. July 1, 1939
1,000*0 12,676,600
do
do
Apr. 1, 1949
A O.
1,000
do
650,000
do
A O.
Jan. 1, 1917
1,000
580,000
do
do
Moh. 1, 1931
A S.
1,000
1,162,000
do
do
July 1, 1928
A J.
1,000
478,000
A D. N.Y.,Farm. L. A T. Co. Deo. 1, 1925
1,000
114,923,000
A D. N. Y., Kessler A Co. Deo. 1, 1929
1903
1890
1902
present
Histoby, Etc.— Original oompany chartered in 1832
assumed In 1853. No sub-oompanies (coal and mining) are controlled,
mines. In Apr., 1903 the entire
the railroad owning Its anthracite
Dividends—
[Vol. lxxviii.
Bonds— Prinol
INTERE8T OR DIVIDENDS.
pal, When Due.
perl When Where Payable, and by Slocks — Last
Amount
RR.—
m
Breoklnrldge Jones; Secretary and Treasurer, Henry Semnle Ame8
oemDle Ames'
»
both of St. Louis.- V. 76, p. 1355; V. 77, p. 88, 769.
3A4g.
Up to 5 p.
8ee text
c if earn
Deo.
Deo.
A
763,500 7 in 1903 August. Chicago,
1874
1,000
1874
1,000
1881
1,000
1901
1,000
1887
1,000
1878
1,000
1878 200 Ac.
100
St'k,4p. crent'l,L.S.AM8.
Detroit Hillsdale dt S.
Detroit Grand Rapids dt Western—Bee Peek Marq UFTTE RR."
IT Of which $4? ,000 on Nov. 30, 1903, In treasur y and $344,0 00 in th e
. .
;
50
56
Denver Northw. dt Pae.—lBt M., $22,500,000, g.Me
Denver dt Rio Grande— Stock, com., (see text)...Tr.
Pref. stock, 5 per cent non-oum., $5O,OOO,000.Tr
lit eons. mort. for $42,000,000 > _ ftl(, ¥I n , Ar 1,667
£goia..us.o «r 1,667
(now 1st mortgage)
Improvement mort. ($5,000 per mile) g.. I's.CAr 1,667
180
Rio Grande South'n 1st mort., guar.Ce
62
Rio Grande Junction 1st mortgage, guar..Ce.o*
Rio Grande Western, 1st M. g.(V.69,p. 284)Ce.o* 436
o.c"
606
1st cons, mort., red. at par, see text, gold,
33
Utah Cent. 1st M., guar. V. 68, p. 724, g.Mo..
Utah Fuel Co., 1st M., $2 ,000,000, red. 1 10. ]TIo
Since 1880.
:
4
J.
J.
4
5g.
1,200,000
1,200,000
672,000
1,0*0,000
671,000
2,000,000
3,200,000
1,350,000
J.
J.
i
6
4
sinking fn nd.
g
-
M.
A.
A.
J.
x A lso
C. R. I.
Pac.
J. N. Y., First Nat. Bank,
do
do
J.
do
do
J.
J. N. Y. , Colonial Trust Co.
A
A
A
A
A
A
A
A
N. Y., Central Trust.
< Nat. Bk. of Comm'oe
O. \ N. Y. and London.
N.
O.
J.
N. Y.,
Farm.
L.
A Tr. Co.
1933
1933
1,
1,
Aug. 1,'03,7%
Jan. 1, 1905
Jan. 1, 1905
Jan. 1, 1905
July 1, 1931
Nov. 1, 1917
Nov. 14, 1918
Nov. 15, 1918
Jan. 5, '04,
2%
$2,2 33.000 not guaranteed.
Denver Northwestern
A Pacific Ry.— Building from
&
Denver
to Salt Lake, about 500 miles, along a line about 100 miles south of
the Union Pacific and 1 25 miles north of the Denver
Rio Grande.
By September 1, 1904, the first 100 miles to Sulphur
Springs. Col., are expected to be in
operation. Expected to
be oompleted In 1905. See V. 75, p. 289; V. 78, p. 1108. Contracts
have been let. See V. 75, p. 906; V. 77, p. 146, 349. Incorporated in July,
1902, with $20,000,000 authorized stock, of which $10,000,000 preferred 5 per oent non-cumulative, all to be issued for construction,
together with $20,000,000 of the $22,500,000 4 per cent bonds. V. 75,
President, David H. Moffatt Vice-President, W. G. Evans
p. 1 147.
Treas., W. E. Ross-Lewln; Sec, F. B. Gibson.— (V. 78, p. 342, 1108.)
Denver Rio Grande
(See Map)— Road— The lines of this
company, together with those of the Rio Grande Western Ry., whose
stook te substantially all owned, are well shown on adjoining map.
;
A
RR.—
Miles.
Miles.
Road owned and operated. .2,398
.
Rio Gr. Jo. RR., etc. (leased)
.
Of the preceding:
62 Standard gauge
Narrow gauge only
2,460 2d track and 3d rail
1,538
921
Total June 30. 1903
405
North Fork branch, 43 miles, was completed In Jan., 1903. Crystal
River RR , 33 miles, was acquired In Oct... 1903. V. 77, p. 695. 705.
HisTOBT.— Reorganization of a railway oompany of same name foreclosed July 12, 1886. The Rio Grande Junotion is leased Jointly by
this oompany and the Colorado Midland, and its bonds guaranteed.
The Colorado Midland is oontrolled by parties interested severally In
the D. A R. G. and Colorado A Southern. V. 70, p. 739.
The Missouri Pacific early in 1901 aoquired $14,800,000 oommon and
$7,300,000 preferred stook, this, together with the Rookefeller interests, it is understood, constituting a considerable majority of the entire stook.- V. 72, p. 338, 580, 1238; V. 73, p. 506.
Drvs. since ) '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03
1904
'91onpf.,p.o. %
2*3 4
5 Jan., 2^
Stock.— During 1901-2 pref. stook was Increased from $23,650,000 to
$44,400,000. to acquire the Rio Grande Western stook. Through the
Rio Grande Western the Utah Fuel Co. was aoquired. V. 72, p. 775.
The stockholder* voted on Ootober 21, 1903, to increase the pre'
f erred stook from $44,400,000 to $50,000,000 to acquire the Crystal
River RR., 33 miles, and for future requirements.
Bonds.—Consols of 1886 for $6,900,000 originally reserved for extension to Ogden (made unnecessary by acquisition of Rio Grande
Western) may be used for other oapital requirements. V. 73, p. 507.
See abstraot of mortgage in Chbonicle, V. 47, p. 228.
The improvement mortgage abstraot was in Chronicle, V. 47, p. 229.
Abstraot of R. G. W. 1st mort. was in V. 49, p. 237. and statement
to New York Stook Exohange in V. 50, p. 73; also V. 69, p. 284. Utah
Fuel 1st 5s of 1931, see application to list, V. 78, p. 1171, 1178.
The Rio G. W. first consol. 4s of 1899 are seoured by a first mortgage, either directly or by all their securities, on 173 miles of branoh
lines, and further by a second lien on 438 miles of main line and other
road, and on all new mileage to be constructed and rolling stock purchased, inoludlng 50 miles of branohes to Heber and ooal mines built in
'99; $15,200,000 are reserved to retire the 1st 4s, $2,163,000 were exchanged for $2,850,000 treasury branoh line bonds; $10,000,000 have
been sold; $8,000,000 were issuable at not exoeeding $500,000 per annum for equipment and improvements. They are also seoured by a
first lien on the entire $10,000,000 stook of the Utah Fuel Co.
Additional consols may also be issued at $20,000 per mile for future
branohes and extensions or for underlying liens of aoquired roads.
8ee application to list in full, V. 72, p. 537. V. 72, p. 775, 1189. List
of securities deposited as oollateral June 30, 1903, V. 77, p. 707.
Latest Earnings.—From July 1 to Feb. 29, 8 months
Gross.
8 mos.—
Net.
Oth. inc.
Oharges.
Bal., sur.
1903-4... $11, 295,083 $4,354,050 $196,736 $2,667,784 $1,883,002
1902-3... 11,792,254
4,711,997
152,245 2,620,453
2,243,789
Annual Report.— Full report for 1902-03 in V. 77, p. 691, 704, ths
Rio Grande West, being Included In two later years only. See p. 671.
Tear ending June 30—
1903.
1902.
1901.
1900.
Average miles oper'ted
2,378
2,347
1668
1,674
020022
$
Gross earnings
Net earnings
Other income
Total net Income
Interest on bonds
455
$
$
17,304,559 17,036,828 11,452,404 10,246,080
6,674,709 6,705,286 4,328,506
3,760,241
209,717
165.762
111.374
_113 ! 684
6,h84,426 6,871,048 4,439,880
3,873,925
3,083,404 2,898,093 1,855,122
1,882,106
Taxes and insurance.
662,041
580.016
396.471
357,527
New equipment
500,000
130,161
Betterments, eto
296,420
Miscellaneous
436,797
310,314
274,864
819,829
Dividend on pf. stk.5% 2.220,000 2,220^000 1^182^500
946,000
Balanoe, surplus.
185,764
362,625
730,923
238,302
Officebs—Chairman of Board, George J. Gould; Presldent.E. T. Jeffery; Vioe-Pres. and Gen. Mgc, Russell Harding; Treas., J. W. Gllluly
Seo. and Comptroller, Stephen Little. Office, 195 Broadway, N. Y.
pirectors.-GeorKe J. Gould, Mortimer L. Schlfl. Edward H. Harriman,
Wlnslow 8. Perce. E.T.Jeflery, Edwin Gould and Arthur Coppsll, New York;
Rutsell Harding, St. Lout.s; Edward O. Wolcott. Denver Col
-(V. 77, p. 145, 691, 684, 704, 1294, 2097, 2280; V. 78, p. 1222.)
Denver
Southwestern Ry.— Divide, Col., to Cripple Creek
and Florence, etc, 77 miles; Viotor to Isabella, 6 m.; branohes and spurs
A
Ape., 1904.]
RAILWAY STOCKS AND BONDS.
1627
.
RAILWAY STOCKS AND BONDS.
1&28
RAILROADS.
Date Size or
Miles
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Per When Where Payable, and by Stocks— Last
Amount
of
For explanation of column headings, &c, see notes
Outstanding Rate
Road. Bonds Value.
Cent.
on first page of tables.
Detroit
Detroit
"1st
Lansing
<&
Northern—See Pere Marquett E RR.
A Mackinac— Fret,
Mo
0"
"Mort. bonds" $1,750,000 gold.red.atpar.Mo.o*
So.— 1st M., g., $4,500,000, red. to '06 at 105.O
..0*
Mortgage, $10,000,000 gold.Co
Ohio South'n. equip, notes, due $6,560 monthly.
Detroit So. oar trusts, gold, payable Oct. 1, y'rly..
Dct.cCTol. Wl.I,.-lBtM$3,000,000,g.gU.p.Ame.C<fer
Dover A Rockaway—BXaek,6 p. o., rental 999 years
Det.
mortgage
Dub. dt 8. Oity—m. Cen., W.
----
1st
Iowa
Cher
-•--•---
lines, 1st M.,g.Us.c*<fcr
Falls & Sioux City 1st M.. la. F. to 8. City.
& Dak.,C. R. AC. and OmahaDlv.,etc.,lstM.
Mp
cfer
Iron Range—1st mortgage.
2d mort., currency, red. at 105, $5,000,000.Ce.o*
Duluth Missabe dt North'n—1st mort., gold, s. f
DiUuth
$100
stock. $1,000,000 auth.
lien," $1,500,000. gold.
dt
Ce
1st oonsol.M., $3,500,000, g., call at 105
Ce.o
2d mort. ($5,000,000) gold, red. at 105
Duluth 8o.8h.<e Atlantic— Marq.H.&On.gen.M.Ce.o*
Duluth South Shore & Atlan., 1st M., gold.Ce.o&r
First oonsol. mort., gold. Interest guar.Ce.o*&r
lno. certs. ($3,000,000 held by C. Pac. July, '02)
Car trusts July 1, 1903
Dul. Va. dt Rainy Lake— 1st M., $2,000,000, g...c*
Dutchess County— Bee Central New England.
r
East Broad Top RR. dt Coal—1st mortgage
Bast Mahanoy JJiZ.— Stock
East Pennsylvania— Stock6 p.o gu.999yrs.Phil.&R.
IstM., gold, guar. p.&l. byP.A R. RR. (end.).-.c*
Easl Tenn. Va. dt Oa.—Bee Southern Ry.
East Tenn.dtW.N. Oar.— 1st M.$250,000.GuP.our.o.
48
1903
1,000
1,900,000
4 g.
140,000
6
35,000
6
5,425,000
4g.
2,800,000
7
8,430,000 Illinois C
6,732,000
5
"5
218
184
328
184
184
65
130
130
156
416
572
100
1881
1.000
1895
1,000
1869 500 &o.
88-00
1887 l,000&c
1896
1,000
1892
1893
1,000
1898
1,000
1885
1,000
1887
1,000
1890
1,000
1892
1902
1,000
1873
1,000
50
50
36
36
1888
31
$153,149.
for year ending Nov. 30, 1 902, was In V. 76,
702, showing gross, $1,088,701; net, $142,064; interest on bonds,
$270,363; sinking fund, $108,655: div. on pref. (1*4 p. c), $25,000; dlv.
on com. (1^ p. o), $45,000; bal.. defloit, $306,954. In 1900-01, gross.
$1,849,069 net, $660,651. President, W. K. Gillett; Secretary and
Treasurer, John Gorlow. Office, 54 WaU St., N. Y.— (V. 78, p. 287.)
p.
;
RR.—
Owns Des Moines to Ft. Dodge,
88 m., and Tarato Ruthven, 55 miles; traokage, Hlinois Central, Tara
to Fort Dodge Junction, included above. Leased Jan. 1, 1887, to Chlo.
Rock Isl. & Pao. for 18 years at rental of 30 per cent of gross earns., with
a guarantee of 4 per cent interest on the Series A bonds, and 2^ per
cent per annum on the Series B bonds, both series being equally secured
by the mortgage of 1874. The series B were originally 6 per cent Incomes, but their coupons have been stamped, reducing the Interest rate
to the 2*s p. o. guaranteed. In Mar., 1901, a syndicate headed by E. S.
Hooley & Co. acquired a majority of the stock. V. 78, p. 988. Preferred stock is entitled to 7 p. c, non-oumulatlve, then common to 7
p. c, after which both share equally.
la.,
1893
'94
'95
1899 to 1903
'96 to '93
2
4
4
6 yearly
7 yearly
Rental for year ending Deo. 31. 1 901, $207,573 for 1900 was $189,894.-(V. 76, p. 1248; V. 77, p. 250, 451; V. 78, p. 988
)
;
)
De« Moines Iowa Fall*
6c
"Northern
Ry.— Iowa Falls,
la., to
Des Moines, 75 miles; completed Aug., 1903. In Dec, 1903, extension
north from Iowa Falls to Mason City is to begin about May 1, 1904.
Stock authorized, $1,200,000; outstanding, about $900,000 In April,
1904; par of shares. $100 eaoh. Bonds are subjeot to call at 105 on
and after July 1, 1906; they are limited to $14,000 per mile, with $50,-
000 additional
Falls; Sec, J.
p. 158.)
for Des Moines terminals. Pres't, E. S. Ellsworth, Iowa
H. Funk; Treas., W. H. Woods.— (V. 74, p. 1038; V. 76,
Hon Moines Union Ry.—Terminal road
Des Moines; owns 4
miles main track and branches, 14 miles 2d and side tracks, bridge
across Des Moines River and 25 aores of land In Des Moines. See
statement to N. Y. Stock Exchange V. 65, p. 1173. Leased to Wabash.
In
RR., Chicago Great Western, Chlo. Mil. & St. P. Ry , Chicago Burlington & Quincy RR. and Des Moines Iowa Falls & Northern Ry. V. 75,
p. 342. Rental equal to expenses and fixed charges paid monthly by
lessees on wheelage basis. Stook authorized, $2,000,000; outstanding,
$400,000; par $100. Bills payable June 30, 1903, $88,171. For year
1902-03, gross, $240,535; net, $52,910; charges, $52,910.— (V. 75,
p. 342.)
Grand Haven
•1
4
5<fe
g.
g.
6
Milwaukee Ry.—
A
Detroit
6c
Owns from Dereorganization of Septemtroit to Grand Haven, Mich., 189 miles.
ber, 1878. The prinoipal and interest on the bonds are guaranteed by
the Grand Trunk of Canada. Stock, $1,500,000; par, $50. Real estate
On June 30, 1901, sundry outstanding
aocounts, $356,520. Grand Trunk of Canada owned Deo. 31, 1903,
the $1,500,000 stook. As tooffertobondholderslnl900,seeV.71,p.84.
Earnings.— 8 mos.,) 1903-4
Gross, $886,.r>93; net, $213,223
Gross, 816,176; net, 218,136
July 1 to Feb. 29... $1902-3
For year ending Deo. 31, 1903, gross, $1,252,294; net. $291,831;
Oharges, $359,48 l;Jbal., def., $67,650. For 1902, gross, $1,151,361.
bonds or mortgages, $226,000.
Detroit Grand Rapid* A Western.— See Pere Marquette RR.
Detroit Hillsdale 6c Southwestern RR.—Owns from Ypsllantl,
Mich., to Bankers, Mloh., 65 miles. Leased In perpetuity from July 1,
1881, to the Lake Shore & Mlohlgan Southern Co.; the rental is $54,000
per year 1 per cent on stook.
—
Detroit Mackinac 6c Marquette RR.—See Miscellaneous Cos.
6c
J.
A-
A.
A-
&
O.
A.
5g. M.
&
B.
J.
5g.
J.
A.
g.
,
Bait.
To Oct
Jan.
1,
1.
O. N. Y., Of.,
Empire Bldg.
do
J.
J.
J. N. Y., Central
do
J.
O.
J.
do
1912
1953
Apr., 1904.
3%
1906
1951
1917
do
J.
F.
A.
J.
J.
J.
4
5
6
4
Mer Tr.& >ep.Co
J. N. Y., Mercant. Tr. Co
O. N. V.. 143 Liberty at.
do
Jan.
F. & A. N. Y., Office, 214 B'way. Aug,
do
A. & O.
do
Oct
entra) b onds or collateral there for.
J.
1:
1
500,000
497,750
1,730,450
495,000
Detroit
N. Y., H. K. McHarg. Jan. 2, '04, 2>«
J
V. N. Y., J. P. Morgan <te Co June 1. 1995
do
do
June 1, 1995
J <fe D.
M. & S. N.Y., Colonial Trust Co. Mch. 1, 1941
do
.v D.
.Tun* 1. 1951
do
J.
To Nov., 1905
Wnthlv
New York.
J.
&
&
&
&
&
&
&
&
6
1937
1916
1922
1923
1918
1925
1937
1990
1912
1903 to 1906
Mob, 1, 1922
Oct.
1,
Jan. 1.
Jan. 1,
Trust Co. Jan. L
do
Jan. 1,
New York, 44 Wall St Apr. 1,
do
do
Jan. 1,
New York or London. Aug. 1,
New York.
Deo. 31,
.
Minneapolis, Minn.
J. & J. Jan., '85, lnt'st last pd. July 1, 1903
J.& D.ie Phlla.,Pa., Read. Term. Deo.l5,'03,2>«
J. & J. Phil., Phil. & Read. Ry. Jan. 16,*04.3%
do
do
M. & S.
Mch. 1, 1958
M.
250,000
Report.— Report
)
4 g.
See text.
1,174,000
1,589,000
4,261,000
1,077,000
3,816,000
15,107,000
3,000,000
295,111
See text.
1881
1,000
1
Dividends.—
on pref. (p. c.)
&
263
389
&
Den Moines & Fort Dodge
4i^g. A.
Dividend.
&
A
1,050,000
1,250,000
4,294,000
3,866.000
I 54,315
to mines, etc, 41 miles; total, 125 miles, of which 43 miles standard
gauge. Incorporated in Nov., 1899, to acquire Midland Terminal
Ry., Florence* Cripple Creek RR., Golden Circle RR., La Bella Mill
Water & Power Co., Colorado Trading & Transfer Co. and $225,000
Refining Co. See prospectus, V.
bonds of United States Reduction
69, p. 851,1011,1103; V.72,p.984; V. 74, 880.
Stock and Bonds.— Common stock, $3,000,000; 5 p. c. non-cum. preferred stock, $2,000,000; par of shares, $100; There are $32,000 Midland Terminal and $1 r>,000 Flor. & Crip. Creek 5 p. c. equip notes.
Reorganization Plan.- The plan issued in Oct.. 1£0S, and given in
full in V 77. p. 1533, 1542, provides for the payment of the floating
debt, about $000,000 in all, the retirement of the general 4s outstanding and the issue of the new bonds shown in the table above.
The new general mortgage bond-< bear interest at 3 p. c. for the first
year, payable Deo. 1, 1904. thereafter 4 p. c. payable semi-annually,
and have a cumulative yearly sint-ing fund of $25,000 (applicable to
purchas-e of bonds) payable if earned to Dec. 1, 1908, and compulsory
thereafter. The holders of the cumulative income bon^s will have a
preponderance of voting power while interest is due and unpaid.
Both issues will be secured by all the property of the company and in
addition the equity in Florence and Cripple Creek equipment, valued
at $330,000.
The annual fixed charges are reiuced from about $^78,000 (including $108,000 sinking fund) to $142,750 for the first year and $172,750
thereafter, with $25,000 additional for sinking fund after Dec. 1, 1908;
net earnings are conservatively estimated at $200,000 yearly.
The old general 5s will receive 60 p. o. in new general mortgage
bonds and 50 p. c. in new second mortgage incomes. In Jan. over
97 p. c. of boons had been deposited. V. 78, p. 287.
Earnings.— For 10 mos. ending Sept. 30, 1903, gross. $851,528; net,
$161,941; interest on bonds, $225,386; sinking fund, $89,704; bal..
def.,
J.
$950,000 See text
1,000
1,000
1,000
1,000
360,000
Whom.
Payable
1895
1895
1901
1901
All
All
[Vol. lxxviii.
&
N. Phila. Gu.
T.&S.D.
Co.
Mackinac Ry.— Owns from Bay City,
Nov.
1,
Mich., to
1905
Tower
174 miles; Rose City Branch, 32 m. Prescott Branch, 12 m.; Valentine Lake Branch, 26 m Lincoln Branch, 14 miles; various logging
branches, (largely temporary) 80 miles; total, 337 miles. Extension
north from Tower to Cheboygan, 22 miles, is to be completed abont
May, 1904, and to be continued to Mackinaw in 1904, 23 miles further.
In 1902-03 carried 886,316 tons, of which forest products furnished
67*51 per cent.
history, Etc.—Formed in Deoember, 1894, to succeed the Detroit
Bay City & Alpena, sold in foreclosure. In May, 1902, Henry K. MoHarg and associates acquired control.
Bonds.— "Mortgage bonds" for $500,000 were reserved for betterments, etc., at not over $50,000 per year. V. 74, p. 629. In addition
to the amounts shown above as outstanding, $450,000 "first lien" and
$50,000 "mortgage" bonds were on June 30, 1903, held In the treasury
Stock.—The capital stock is $3,000,000, of whloh $2,000,000 common and $1,000,000 5 p, c non-cum. preferred. See V. 74, p. 629.
First div. on pref., 213 p. c, paid July 1, 1903; In 1904, Jan., 2** p. 0.
Latest EARNTNG8.—
> 1903-4
Gross, $641,281; net, $210,894
8 mos., July 1 to Feb. 29. S1902-3
Gross, 589,398; net, 175,398
Earnings.— Report for year ending June 30, 1903, was in V. 77, p.
1531, showing gross, $953,708; net, $287,496; interest, $92,000: dlv.
on pref. (2^ p. c), $23,750; bal., surplus for year, $171,746.— (V. 75,
p. 849, 1027; V. 76, p. 1248; V. 77, p. 1531).
Detroit Southern RR.— Operates from Detroit, Mich.,to Ironton»
via Lima, 381 miles. Including 43 miles of trackage; branches, Kingman to Sed»lia, O., 31 miles and Jackson to Cornelia, 20 miles; total,
432 miles; coal mine tracks, yard tracks and sidings, 120 miles. Constitutes a route from the bituminous coal fields in Southern Ohio, La
Aug., 1902, acquired the Iron Ry., Ironton, O., to Centre, 14 miles,
included above, and built connecting lines. V. 76, p. 1355.
Organization.— A consolidation of the Ohio Southern RR. and the
Detroit & Lima Northern Ry. on June 1, 1901, after foreclosure, per
plan V. 72, p. 438. -V. 72, p. 626, 722, 1034, 1080.
stock, - Common authorized, $16,000,000: preferred 4 p. c noncum., $10,000,000, both as increased July, 1903; outstanding common,
;
$10,500,000; preferred, $6,500,000. V. 77, p. 1871.
Voting Trust.— Both classes of stook are vested until June 1, 1906
(unless surrendered earlier at their discretion), in the following voting
trustees: Frederick J. Lisman, John E. Borne, Evans R. Dick, Cyrus J.
Lawrence and Leopold Wallaoh.
Bonds.—The $4,500,000 40-year 4s are seoured by a purohase
money lien on the Ohio Southern Ry. (Lima to Wellston and branohes,
in all 263 miles) ; upon their retirement, for whloh $4,500,000 of
the fifty year 4s are reserved, the latter will be a first mortgage on
all the consolidated properties.
Of the 50-year 4s $2,034,000, together with $500,000 each of preferred and common stook, were reserved for extensions and Improvements, and. $273,000 of the 40year 4s for improvements on, and equipment notes of, the Ohio SouthernRR. See statement, V.72, p. 1237; V.73, p. 1261; V.75,p.666, 906.
Latest Earnings- 6 mos.,) 1903
Gross, $845,310; ne»* 146,214
July 1 to Deo. 31.
Gross, 755,844; net, 166,857
$ 1902
Report.— Report for year ending June 30, 1903, was in V. 77, p.
1871, showing on 381 miles, gross, $1,444,900: net, $354,965; int. and
taxes, $342,673; bal., sur., $12,292. In 1901-2, *ross, $1,239,906; net
$244,796. The earnings of the Iron Ry., separately operated, were
gross. $86,898: net. $34,040: taxes, $3 876; interest, $24,000; bal.,
sur., $6,163. Directors. October. 1902, V. 72, p. 1080; V. 76, p. 1355;
V. 77, p. 176, 1225, 1533, 1871, 2280. 2389.
6c Toledo Shore Line RR.— Extends from Toledo to
of) Detroit. 48 miles, of which 19 double traofc; laid with
80 lb. steel rail. Road opened Sept. 8, 1903; trackage over Toledo
Ry. & Terminal Co., etc, 31 miles; total. 79 miles.
The Grand Trunk Western Ry. and the Toledo St. Louis <fe Western RR.
own the entire stock and Jointly guarantee the bonds, principal and
Interest, by endorsement. See form of guaranty, V. 76, p. 653. Of the
bonds $1,000,000 are reserved for extensions and improvements.—
Detroit
(suburbs
V. 76, p. 1300; V. 77,
p. 88,
250, 628.)
Dominion Atlantic Ry.— (V. 72, p. 86, 1279; V. 78, p. 1392
Dominion Securities Oo.— Organized In May, 1901, under New
)
Jersey laws.
Owns 90
(V. 73, p. 183, 392),
Lumber & Pulp
per oent of the stook of the Oape Breton Ry,
60 percent of the stook of the North American
Co. (V. 74, p. 887, 991). eto. See V. 74, p. 986, 1139.
In June, 1902, a reorganization committee, James G.Cannon, Chair(Metropolitan Trust Co., N. Y., depositary), requested deposits.
V. 74, p. 1251, 1308. Stook outstanding, $1,681,800, par $100. Offloe,
22 Pine St., New York.— (V. 74, p. 13o8; V. 75, p. 29, 441.)
Dubuque 6c Sioux City RR.— (See Map of Illinois Central)—
Owns Dubuque, Iowa, to Iowa Falls. 143 miles; Iowa Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa,
to Sioux Falls, Dakota, 155 miles; Cedar Falls to Minnesota State Line
(merged by consolidation in 1896), 76 miles; Tara Station, near Fort
Dodge, la., to Counoil Bluffs, 130 miles; total owned, 730 miles.
Organization.— Controlled slnoe April, 1887, by the HI. Central RR.,
whioh owns all exoept a few hundred shares of the $15,000,000 stook
(as Increased June, 1900). and has issued its own bonds on the road;
the only D. <t 8. 0. bonds held by the public are the 7« Issued under
Iowa Falls & Sioux City mortgage, $2,800,000.
man
:
Apr., 1904.
RAILWAY STOCKS AND BONDS.
|
KAlLKUAUa.
Miles
1
Date
Size, or
Amount
Par Outstanding
of
of
*or explanation of column headings, &c, see notes
on first page of tables.
Road. Bonds Value.
Eastern Kentucky Ry.— Stock ($1,779,500 Is pref.)
Eastern Ry of Minnesota— See C4reat Northern.
181
glgxn Joliet A Eastern^-lst M. ($10,000,000) g.Ce.o*
Vlmira Cortland <& Northern—See Lehigh Valley xvK.
$100
KlmiradtLake Ont.— SodusBay&So.— lstM.,K.Unc
100
1884
Williamsport—8t'b, com., 5 p. o. ren'l,N.C.
Preferred stock, 7 p. o. rental, 999 yrs.,No. Cent.
75ifl
75ifl
75ifl
dk
mortgage
Income bonds, 99 years to run
let
rental,999 yrs..PennCo.
General mort. (now 1st) $4,500,000, g., guar.Un
Erie
<t
Pitts.— Stock, 7 p.
o.
Erie Railroad Company — Common
2d pref. stock, 4 p. o. non-cum
1st pref. stock, 4 p. c. non- cum
1,000
50
50
I860
1863
85
85
1,000
1890
o*
1,000
500
50
100
100
100
stock.
..
A— Old Bond* Assumed— Roads
Consolida TED.
N.Y. &E. lstM..Plerm. toDun.,ext.,'97, gold..o»
447
o*
2d mortgage, (extended in 1879) gold
447
3d mortgage, (extended in 1883) gold
o*
447
o*
4th mortgage, (extended in 1880) gold
475
o*
5th mortgage (extended in 1888), gold
475
Krie R'y.lst M.,Buff. Br. Hornellsv. to Attica.g.o*
60
1st consol. mort., $30,000,000, gold, $ & *. F.o"
526
N. Y. L. E. & West, funded coupon bonds, gold.o*
526
o*
Bufl. N. Y. A Erie, 1st M. (Buffalo to Corning..
140
Buff. & SouthWj, 1st M., Buff, to Jamestown, g.o*
67
,
Newburg &
N. Y. 1st M.,
B— Honda
g.,
extended in 1889.0*
"Bergen Co. RR., 1st M.. Ruth. Jo. to Ridgew. N.J.
*Ch.&ErielstM.,g.(Marion,0.,toHam'd,IndCe.o"'
Chioago & Atlantlo Terminal, let mort., g.Ce..
JElmira State Line Railroad, 1st mortgage
HGosh. & Deck't'n, 1st & 2d M's., ($60,000 are 2d)
Dividends 8INCE 1894—1895, Dec, 1
3; 1901, Ha; 1902, Jan. 1.— (V. 70,
;
1900,
I>u
1
iiili
12
on Properties Controlled by OWNE
10
250
7
1847
1849
1853
1857
1858
1861
1870
1878
1876
1877
1868
R8HIP
1881
1890
1888
1875
1,000
1,000
1,000
1,000
500 &o.
200 <fec
1,000
500
A Iron Range RR.— Owns
<feo.
1,000
50
<feo.
1,000
OF Enti
1,000
1,000
1,000
500
&c
'68-'69
'96, 3; '97, 2; '98,3i«; '99,
p. 1290.)
Whom.
& N.
J. A J.
M. & N.
J. & J.
J. & J.
A. & O.
Q.-M
J. & J.
8,500,000
....
Vlmira
Payable
Cent.
N. Y., 71 Broadway.
Dividend.
$3,477,300
1,000
B(mas— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Stocks— Last
t
1891
l(ri<)
Us;
Duluth to Ely, Minn., 119
Mesaba Range Mines, Fayal, etc., 65 miles. Owns
ore dooks and yards on Lake Superior costing over $1,500,000.
Stock, Etc.— Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, of which
201,790 acres had been patented to it prior to April 30, 1895; V. 64, p.
1041. Federal Steel Co. (see U. 8. Steel Corp.) owns the etook and
$3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66, p. 1237.)
The first mort. bonds are authorized at the rate of $25,000 per mile fo
construction and $7,000 for equipment. Dividends prior to 1900 agmiles, with branches to
gregated 100 per cent; in 1901-2. 6 p. o.
For year ending June 30, 1903, gross, $6,029,939; net $3,578,294;
other income, $32,827; interest, $606,600; depreciation funds, $4-48,351; balance, surplus, $2,566,170.— (V. 67, p. 71.)
Bit lut li ITIInxafoe 6c Northern Ry.—Owns from Duluth to Mountain Iron, Minn., 77 miles; branches and spurs, 76 miles; trackage to
Union Depot, Duluth, 2 miles; total, 155 miles. Entire $2,512,500
stook and $2,125,000 of the bonds are owned by Lake Superior Consolidated Iron Mines, and so by United States Steel Corporation with
$1,100,000,000 of capital stock. V. 72, p. 1038.
For year ending June 30,1903. gross, $5,116,530; net $3,215,246;
Other inoome, $20,036; charges, $838,627; bal.. surplus. $2,396,655.—
(V. 72, p. 183; V. 74, p. 205; V. 76, p. 212; V. 78, p. 287.)
Duluth South Snore A Atlantic Ry.— Operates Duluth to Sault
"Soo" Junction to St. Ignaoe, 43 m.; other. 1 15
Bte. Marie, 415 miles
m.; total, 573 miles, inoludlng 10 miles of trackage. Controlled by
;
5g. M.
500,000
5 g.
5
500,000
7
500,000
6
963,000
5
570,000
7
2,000,000
4.287,000
3*a g.
112,378,900
16,000,000
47,892,400 See text. F.
4g- M.
5 g. M.
4i«g. M.
1,
1941
July
1, 1924
Sta.
May, 1904
do
Jan., 1904
do
Jan. 1, 1910
do
Oct. 1, 2862
N. Y., Union Trust Co. Mar.10,'04.1%
do
do
July 1, 1940
Broad
Phila.,
St.
do
do
do
•
&
A
&
Bank Com.
N. Y., Nat.
May
...
A. N.Y., J. P.
......
Morgan &
Co. Feb. 29, '04, 2
N. N. Y., 21 Cortlandt
St.
2,482,000
do
8.
do
2,149,000
do
<fe
8.
do
4,617,000
do
do
5 g. A. <fe O.
2,926,000
do
do
709,500
4g- J. <fe D.
do
do
182,600
4g- J. A J.
do
do
16,891,000
7g. M. & 8.
do
do
3,699,500
7g. M. A 8.
do
do
J. & D.
7
2,380,000
do
do
6 g. J. & J.
1,500,000
do
do
5 g. J. A J.
250,000
RE (*)OR A M AJORITY U)OF Ca pital Stock, or by (10
A. A O. N. Y., 21 Cortlandt St.
6
200,000
do
do
12,000,000
5g. M. & N.
do
do
300,000
5 g. J. A J.
A. A O. Elmira,ChemungCo.Bk
7
160,000
Various
6
246.500
May
1,
Sept. 1,
Moh.
1,
1,
Oct.
June
1,
1,
Sept. 1,
July
Sept. 1,
June
1,
1,
1,
July
Jan.
1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929
Lease.
1911
1982
July
1918
Oct. 1, 1905
1928-29
Apr.
1,
1,
1.
May
and lease assigned to Phil. & R. Ry. Of the stock $283,650 is owned,
$280,000 being deposited by Reading Co. under its general mortgage.
East Pennsylvania RR.— Owns Reading, Pa., to Allentown, Pa.,
35 miles; second track 18 miles; all track 76 5 miles. Leased for 999 yrs.
from May 1, 1869, to the Philadelphia & Reading RR. at a rental of 6
Lease asper oent per annum on the stook and interest on the bonds.
sumed in 1896 by the Phila. A Reading Railway Co. Of the stook
$878,850 Is owned by the Reading Company, $875,000 of which is deposited under its general mortgage of 1897.
.— See Charleston Terminal Co.
Bast Shore Terminal Co.'s
Bast Tennessee Virginia 6c Georgia.— See Southern Ry. Co.
-
RK
Bast Tennessee
6c
Western North Carolina RR..—A nar-
row-gauge road from Johnson City, Tenn., to Cranberry, N.C.. 34 miles,
including:! miles leased. Stock $501,900. Extension from Johnson
City to Elizabethton, 10 miles, to be operated as third rail electric
road, is under constructiond. For calendar year 1902-3, gross, $155,,
962; net, $61,059.
Eastern Kentucky Ry.—Road from Riverton
to Webbville, Ky.,
Chartered in 1866 and opened through in 1889. Stook is
common $1,697,800; preferred $1,779,500. There are no bonds. Bills
and accounts payabie June 30, 1903, $40,829. Earns, for year 1902-3,
gross, $66,594; net, $1,977. In 1902-3, gross. $56,789; net„$9,381.
See Logansport & Toledo Ry.
Eel River
36 miles.
RR.—
6c Eastern Ry.— Owns from Waukegan, 111., on
Lake Michigan, via Spaulding and Joliet, to Porter, IncL, 130 miles,
and branches Normantown to Aurora, 10 miles—Walker to Cos-
Elgin Joliet
ter,
m.— 32
main
miles;
Hammond
to Whiting, Ind., etc, 9 miles; total
Canadian Pacific
Capital Stock.— Common stock is $12,000,000 preferred, $10,000,000 par both $100. Preferred stock is 6 per cent, non-cum. Canadian
Pacific Julyl, 1903, owned $6,100,000 com. and $5,100,000 pref. stock,
$3,000,000 incomes and $15,107,000 consols.
Bonds, Ac.— Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per cent,
guaranteed by Canadian Pacific, which July 1, 1903, held the entire
outstanding issue [$15,107,000] in its treasury as security for its 4 p. o.
debenture stook consols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines.
General Finances.— Of the tonnage in 1902-03, ores furnished 50 p.
c, lumber, etc, 24 p. o.
Latest Earn's.— 8 mos.,) 1903-4... Gross, $1,737,650; net, $538,098
July 1 to Feb. 29.
Gross, 1,813,192: net, 654,568
s 1902-3.
Deficit under charge*, $163,687 in 1903-4, agst. sur., $46,284 in '02 3.
Report.—Fiscal year now ends June 30. (Report for year ending
owned, 181 miles; spurs to coal mines, etc, 16 miles;
trackage (L. N. A. & Chicago, 9*$; Chioago & West Indiana, 4-8; Belt
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 93 miles,
total track operated, 320 miles.
Organization.— An outer bolt line at Chicago for transfer of freight
June
Elmlra Cortland 6c Northern Ry.— (See Map Lehigh Valley.)—
Owns Elmlra, N. Y., to Canastota, N. Y., 118 miles, and leases during
;
;
;
30. 1903, in V. 77, p. 1221.)
Oross.
Net over taxes.
Tear.
Oth. inc.
Balance.
Interest
1902-3.. $2,772,134
$813,831 $14,665
def. $31,204
$859,700
1901-2
2,690,569
873,742
sur. 20,327
6,285
859,700
President, W. F. Fitch, Marquette, Mich. -(V. 75, p. 729, 1202; V.
77, p. 769. 1221.)
Duluth Virginia 6c Rainy Lake Ry.— Projected from Virginia,
Minn., northerly to Koochiching, 97 miles, with branches, of which 25
miles from Virginia to Ashawa was in operation in April, 1904.
Stock authorized, $2,000,000. In March, 1902, filed a mortgage to
the Minnesota Loan & Trust Co. of Minneapolis, as trustee, to secure
$2,000,000 bonds, of which $1,500,000 are issuable at $15,000 per
mile of single track and remainder for rolling stock, etc.
President,
Wirt H. Cook; Secretary, Frank W. Heimiok.— (V. 74, p. 679, 936.)
.
Dunkirk Allegheny Valley A Pittsburg.— Owns from Dun
91 miles. A consolidation in 1872"
kirk, N. Y., to Titusville, Pa.,
Operated sinoe Oct. 1, 1901, by the Lake Shore & Mich. So. Ry. for
account of New York Central, to which leased for 500 years from
1873 at l*a p. o. on stook. Capital stock, $1,300,000, N. Y. Central A
Hudson River Co. owning $1,067,600; par, $100. For year ending
June 30, 1903, gross, $305,429 net, after deducting taxes ($13,628),
$36,621: charges and dividends, the latter, $19,500 (l^p. c), paid by
N. Y. Central.— (V. 70, p. 1290.)
Bast Broad Top RR. A Coal Co. (Pa.)— Owns from Mount
Union, Pa., to Woodvale, Pa., 31 miles, Shade Gap RR., 11 miles,
and branches to mines, 3 miles The Shade Gap RR. was to vote Aug.
15, 1902, on consolidation. See V. 75, p. 77. A coal road, opened In
1874. Stock $815,589 (par $50), of which $247,189 Is 6 p. c pref.;
ourrent liabilities June 30, 1903, $386,236. First mortgage 4s ($500,000) due July 1, 1903, remain unpaid; no interest paid thereon since
1885. Other bonds, $42,400, Int., 6 p. c, payable M.-N. Year 1902-03,
bal., deficit,
fross, $116,960; net, $8,279; interest, etc., $24,674
;
.
;
Wm.
A. Ingham.— (V. 77, p. 145).
Bast Louisiana
Pearl River, La., to Covington, 24 miles;
branch, Mandeville Jet. to Mandeville, 12 miles; total, 36 miles. In
Jan., 1901, control was changed.
Stock. $1,000,000;
V. 72, p. 87.
Issued, $340,300; par, $100. Year to June 30, 1903, ktoss, $87,311;
net, $5,690; total deductions, $3,919; bal., sur., $1,771. President,
F. B. Hayne, New Orleans, La.; Treas., C. K. Mulllngs, Covington, La.
16,395.
President,
RR.—
—(V. 72,
Bast
p. 87).
Mahanoy RR.— Owns
from East Mahanoy Juno, to
8t.
Nicholas and branches, 11 miles. Re-leased Deo. 1, 1896, for 999
years to Little Schuylkill Nav. RR. and Coal Co. at 5 per oent on stook,
line
without breaking bulk.
Also reaches coal fields. Entire capital stock
and so by United States Steel Corporation.
Stock.— Stock, $6,000,000, par, $100. Dividend, 4 p. o. yearly (in
December) in 1899 to 1903, inclusive.
Bonds, Etc.— First mortgage balanoe unissued can be disposed of
for extensions, betterments, etc
Report- For year ending June 30 earnings were
Cross.
Net.
Tear.
Oth. income.
Interest, etc.
Surplus.
1902-3... $2,196,418 $671,295
"$468,570
$215,814
$13,089
1901-2... 2,178.484
19,225
795,800
404,544
410,481
"Includes $47,250 for equipment funds in 1902-3.
owned by Federal
Steel Co.
'
President, A. F.
Banks.— (V.
74, p. 151, 205; V. 75, p. 1399.)
corporate existence, Canastota Northern, Canastota to Camden, N. Y.,
21 miles. In 1896 the $2,000,000 stock was purchased and 5 per
cent bonds were guaranteed by the Lehigh Valley and the road leased
in July, 1903, for 999 years to the Lehigh Valley Ry. of New York, a
subsidiary company. (V. 63, p. 402.)
Elmlra 6c Lake Ontario RR.— Owns from Canandaigna, N Y., to
Chemung Junction, 64 miles Sodus Point to Stanley, 34 miles other 2
—total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
;
;
A Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1,500,000 stook. Lease may
be terminated on thirty days' notice. Year ends Deo. 31.
Earnings.
Oross.
ptet.
lnterest.de.
Balance.
1903
$944,437 op.def.$6.769
$9^,777 def $100,546
1902
828,244
88,790
68,089 sur.
20,701
Elmlra 6c Wllliamsport Ry.— Owns from Willlamsport, Pa., to
Elmlra, N. Y., 75*3 miles. Leased to the Northern Central Railway
for 999 years from May 1, 1863. The dividends on the common stook
are 5 p. c. and on the preferred 7 p. c, less taxes, making dividend on
common 4-52 per cent and on preferred 6*30 per cent. Year ending
Deo. 31, 1903, gross, $1,474,246; net, $262,324; rental, $199,511.
El Paso 6c Northeastern RR.— See New Mexico Ry. & Coal.
Erie A Central New York RR.— Cortlandt, N. Y., to Clnoinnatus, 19 miles. In Dec, 1903, the Delaware Laokawanna <s Western
acquired all the stock and bonds. For year ending June 30, 1903,
fross, $32,925; def. under oper. exp., $11,537; interest oharges, $12,00.— (V. 77, p. 2035, 2159.)
Erie 6c Pittsburg
Owns New Castle, Pa., to Girard, Pa., 81
miles; branch, to Erie Docks, 3 miles; trackage, to Erie, 17 miles; total
operated, 101 miles. Leased to the Pennsylvania Railroad for 999
Sears from Maroh 1, 1870, at a rental of 7 per cent on stook and
lterest on the bonds, and the lease transferred to the Pennsylvania
Company. Tax suit, see V. 71, p. 135.
Eaknings.—The lease was unprofitable to the lessees In former years,
the deficiency being in 1898, $137,967; but in 1899 profit, $32,873; in
1900, profit, $118,216; in 1901. profit. $307,498; In 1902, profit,
$254,142; in 1903. profit, $197,549— (V. 71, p. 135.)
Erie Railroad.— See Map on adjoining page. Embraoes trunk
line from Jersey City, opposite New York City, to Chicago, 111., 998
miles, and branches 1,320 miles; total, 2,318 miles; second traok, 706
miles 3d and 4th tracks, 24 miles; total, 3,048 miles.
RR.—
—
;
g
RAILWAY STOCKS AND BONDS.
1630
RAILROADB.
l
Mlle8
Date
or
81ze,
[Vol. lxxviii.
Bonds— PrlnoiINTEREST OR DIVIDENDS.
pal.when Dne.
Per When Where Payable, and by Stocks— Last
Amount
of
Par
Rate
For explanation of column headings, &c, see notes of
Road. Bonds Value. Outstanding Cent.
on first page of tables.
Payable
Erie Railroad— (Concluded) —
It— itondN on Properties Controlled by
or Capi TAL STOCK.OR BY
O WNER
*Jeffer8'n,l8t&2dM'8.,ex.ln'87&'89(H'daleBr.)o
1st mort., Carbondale to 8. depot, gold..FP.c*
•Long Dock Co.cons.M.,g.(now lstM.)(seetext)c*
HMont. & Erie, 1st & 2d morts. ($40,500 are 2ds)
UN.Y.&Greenw. L.,PriorlienM.,$l,500,000.N,g.
{New Jersey <fe N. Y., 1st M. (reorganization) . .o*
Gen. M., $1,200,000 (red. 105 after 5 years)...
.
8
37
52
34
N.Y.L.E.&W.C.&RR.lstM.,«aawfulmon."ITIpo'
*N. Y. L. E. & W.D.& I. Co. Is M„ V. 56, p. 82.F.C
422
gold, $ & £.F.c
*N. Y. Pa. & Ohio, prior lien
Do. Leased lines see separate statements for Clev.
—
II
M
N. Y. Susquehanna
C— Erie
,
& ^\ estern— Northern New
New Bonds.
c*
Jerse
SHIP O f Entir e(*)oraMaj
•67-'69 *500<fco.
$300,000
1889
1,000
2,800,000
1885
1,000
7,500,000
'66'67
170,500
1896 100 Ac.
1,500,000
1880 500 Ac.
400,000
1892 500 Ac.
629,500
1882
1,000
1,100,000
1883
1,000
3,396,000
1880 500, Ac
8,000,000
&Mah. Valley RR. and Sha
y— Tlo ga RR. —See each o
4*2
(t)
&6
8*
g
i
5
6 cur.
6
-
4iflg.
1,000
67 1895
& Southwest'n, gold.. Mo.
1895
1,000
F.o*<fer
Prior lien bonds, $35,000,000, gold
1895
1,000
Gen. Hen, $140,000,000, g. 3 % to July, '98).o*<fer
1901 l.OOO&c
Pa. ooll. tr. M., $36,000,000, g., 8. f ., textile, .c&r
1903 l.OOO&o
lstconv.M.,$50,000,000, g.,conv.lnt.com.stk..Nc*&r
1,000
N.Y.L.E.& W. oar tr.,B. to G. Inol., part pd. an.o*
•88-"'90
£100
N.Y.Pa. & Ohio eq. trusts, snk. fd. 3*, dr'n at 100
1900-2
New Erie RR. equipm't trust, gold, part yearly..
Avon Geneeeo & Mt. Morris and Rochester & Genes see Va lley Sto
Eureka Springs— See 8t. L. & No. Arkansas RR.
EvansviUe dt Indianapolis—TM.& South. IstM.Fo*
& Indianapolis 1st M., gold, guar.F.c*
Con.M.($2,500.000)g.gu.p.<fci.(end.)E.&T.H.Fo'
,
Evans. <* Terre Haute— Common stock, Col
Preferred stock, non-cumulative. See text. Col
Consol. mortgage (1st lien) gold
o*
1st consolidated mortgage, gold. F
F.o*
Mt. Vernon Branoh mortgage, gold
40
55
135
1879
1884
1886
1,000
1,000
1,000
50
50
115
144
25
1880
1881
1883
1,000
1,000
1,000
Miles.
Leased lines.
Miles.
Lines owned in fee.
Piermont, N. Y., to Dunkirk.. ..447 Avon Gen. & Mt. Morris
H15
IflO
Buffalo to Jamestown, N. Y.... 67 Montgomery & Erie
140 Northern RR. of N. J
Buffalo to Corning, N. Y
1T26
Goshen & Deckertown
139
1112
Other branches
* or nearly all t owned.
Rooh. & Genesee Valley
Stock all
H18
Otherlines
46
11250
-Chicago & ErieRR
Leased to Nypano RR.
1145
•Jefferson RR
52 Cleve. & Mahoning Valley RR. U 81
L. RR
II
JN. Y. & Greenwood
1132
INew Jersey & New York RR. H38 Sharon Railway
54
Wyoming Valley RR.
59 Otherlines
Erie &
167
11422 Trackage
*Nypano RR
58
JTiogaRR
H 8e6 this company.
140 Lines in system June 30. '03.. 2,318
Otherlines
N. Y. Susquehanna & West.. 238
.
History.— On Dec. 1, 1895, succeeded to the property of the old New
York Lake Erie & Western RR. Company, sold in foreclosure on Nov.
6 under its second consolidated mortgage. The new company holds in
fee or through ownership of all or practically all the stock of the independent companies, the line from New York to Chicago (including the
Nypano RR. and Chicago & Erie companies) and also all branoh and
subsidiary lines except a few small properties. The reorganization
plan of 1895 was in V. 61, p. 368.
In January, 1898, control of the N. Y. Susquehanna & Western was
obtained. V. 66, p. 83, 335, 573, and editorial p. 53. See Stock below.
In Jan., 1901, entire stock of Pennsylvania Coal Co. was acquired,
the purchase Including valuable coal mines. Erie & Wyoming Valley
RR.,Seranton,Pa.,to Lackawaxen 59 miles. See Bonds below. V.71,p.
1219, 1311; V. 72, p. 44, 136, 241, 532, 627; V. 73, p. 398. In 1901 an
Interest in the stock of the Lehigh V. RR. was purohased. V. 73. p. 391.
Hammondsport RR., 10
In Oot., 1903, acquired control of Bath
miles. V. 77, p. 1225.
&
Dividend.
(11)
LE
& J.
A. & O.
A. & O.
Various
M & N.
M & N.
& J.
M. & N.
J. & J.
M & S.
&
&
&
&
&
N.Y.,21 Cortlandt St.
New York <fe London.
ase. —Oonel.
"
Phlla., Fidelity Tr. Co.
N. Y., 21 Cortlandt St.
J.
.1.
July 1, '27-'29
Jan. 1, 1909
N.Y..J. P. Morgan & Co. Oct. 1, 1935
1926-27
N. Y., 21 Cortlandt St.
May 1, 1946
do
do
May 1, 1910
do
do
do
do
Jan. 1, 1933
do
May 1, 1922
do
do
July 1, 1913
do
do
do
Mar. 1, 1935
ron Ry.
ompany.
Railroad Company
2d mort. on Buffalo
Evans ville
ORITY
Whom.
1,000,000
5 835.000.000
4 s37,684,000
4 833,000,000
4 g.
3,500,000
4
357,220
5
968,776
5 g.
4,633,228 4*2 & 5 g.
J.
J.
.1.
J.
J.
J.
N. Y.. 21 Cortlandt
Various
Various
cks—See th OSE Cos.
251,000
647,000
1,602,000
M &
7
6g.
6 g.
3,987,383 lialn'01
1,282,417 5 in 1903
30,000
3,000,000
6 g.
375,000
6 g.
&
&
M &
A. &
J. &
J. &
A. &
J.
J.
s.
J.
J.
St.
do
do
do
do
do
do
London.
New York.
A.
A.
O.
Various
F.
1908
1996
1996
Feb. 1, 1951
Apr. 1, 1953
Yearly to 1905
1908 & 1910
July
Jan.
Jan.
1,
1,
1,
Yearly.
Farm. L. A Tr. Co,
do
do
do
do
N. Y.,
Sept. 1,
1909
1, 1924
Jan. 1, 1926
1, '01,1 if
July
May
N.
0.
Checks mailed.
Oct. 15,'08,2i«
J. N. Y., Farm. L. & Tr.Co
July 1, 1910
do
do
July 1, 1921
J.
do
o.
do
Apr. 1, 1923
est thereon to be added to the sinking fund, which, it was estimated,
will be sufficient to retire the whole issue at or before maturity. V.
71, p. 1219, 1311; V. 72, p. 44, and oircular.'p. 136, 532 257. In 1901-3
$405,000 includedaboveas outstanding was purohased by sinking fund.
The convertible 4s of 1903 ($50,000,000 authorized issue) will be
issued from time to time as required and may be made convertible
into common stock at a price to be fixed when the bonds are issued,but
not less than $4159 per share; thfy will cover all the company's property subject to underlying liens. The first $10,000,000 for improvements and equipment is convertible on basis of $100 bonds for $200
stock from April 1, 1905, to April 1, 1915. V. 76, d. 382. 541.
Real estate mortgages outstanding June, 30, 1903, $770,850.
Old Bonds— Under the first consol. mortgage of 1895 the company
oovenauts to pay the interest regularly on all the old bonds in the
table that are marked with a * or a t (except N. J. & N. Y. bonds,)
and to take them up and pledge them with the trustee at maturity.
Long Bock 6s see March, 1894, Supplement under N. Y. L. E. &, W.
For N. Y. Lake Erie <t W. Ooal a RR.. see Sup. January, 1895.
Finances.—In 1901-02 $2,931,000 general lien bonds were Issued for
construction, etc. V. 71, p. 754, 1219. In Aug., 1903, the dividend
rate on first preferred was increased to 4 p. c. yearly. See above and
V. 73, p. 137. As to purohase of one-third interest in majority Hooking Valley common stook, see that oompany.
In 1903-4 $3,500,000 convertible 4 p. o. bonds (of $10,000,000
sold) were issued for improvements and equipment. V. 76, p. 382,
541; V. 78, p. 768.
EARNINGS.— 8 mos., ) 1903-4... .Gross, $29,801,902; net, $7,287,910
July 1 to F«b. 29. 5 1902-3.... Gross, 29,102,113; net, 9,373,595
For 6 mos. to Deo. 31, 1903, net, $6,972,352; other income, $164,937;
charges, $5,626,278; bal., sur., $1,511,011.
Annual Report.— Fiscal year ends June 30. Report for 1902-3 given
in full in V. 77, p. 946, 954 see also editorial on page 934. Average
freight train-load, 432-68 tons, against 399-76 in 1901-02.
*1902-3.
*1900-1.
*1901-2.
*1899-00.
Miles operated
2,153
2,154
2,156
2,109
Gross earnings
$45,830,413 $40,894,434 $39,102,302 $38,293,031
Working expenses . .29,925,758 27,927,098 28,406,974 28,448,605
Net earnings.. ..$15,904,655 $12,967,335 $10,695,328 $9,844,426
Net ooal oomp's.... x2,670,290 x$l,702,491x$l,274,830
$236,642
;
Coal and Steamboat Property.—The Erie
coal properties represent an aggregate of 10,500 acres of anthracite, of which about
9,000 acres are held in fee also 53,000 acres of bituminous coal
lands held in fee 14,000 acres of bituminous held under mineral
rights. Its coal tonnage in the year 1902-03 aggregated 14,281,422,
out of the 31,645,726 tons hauled. ThejUnion Steamboat Line (merged
In Erie RR. Co. June 30, 1896), has terminal, etc., properties in
Buffalo and 8 lake steamers. SeeV. 63, p. 514. The Penn. coal properties acquired in 1901 are additional. See above.
;
Stock.—The voting trust [J. Pierpont Morgan, Louis Fitzgerald and
Charles Tennant, Bart., voting trustees,] would be dissolvedby payment
of dividend of Feb., 1904, but was proposed to be extended as to a
majority of the stock until May 1, 1909. V. 78, p. 988. The prior lien
and the general lien bonds of 1895 have 10 votes for each $1,000 of
principal, their authorized issues aggregating $175,000,000, of whioh
$72,684,000 outstanding in Apr.. 1904. The company reserves the
right to redeem either class of its pref stock at par in cash. Pro visions
of pref. stock were in Supplement of April, 1897, page 3.
In Mar., 1898, Erie let pref. stock was Increased from $30,000,000 to
$43,000,000. and common stock from $100,000000 to $113,000,000. to
acquire New York Susq. & Western stock.— See V. 66, p. 335, 573. The
1st pref. stock was further increased in 1901 $5,000,000 In connection
with the purohase of the Pennsylvania Coal Co. V. 72, p. 136, 532.
.
Dividends.— On 1st
1^ p.
c, paid Aug. 30, 1901; in 1902, 3 p.
o.; in 1904, Feb., 2 p. o.
Bonds.— The new first consolidated mortgage is for $175,000,000
[Farmers' Loan & Trust Co. trustee]— see abstract of deed V.62, p. 89,
and secures $35,000,000 prior lien and $140,000,000 general lien bonds.
Both series have voting power; see "stock" above.
Of the $140,000,000 general lien bonds, $92,073,000 are reserved for
the ultimate acquisition of bonds and guaranteed stooks left undisturbed on various parts of the system [see list V. 62, p. 89], and $17,000,000 were reserved for new construction, betterments, additions,
©to^, after 1897, not over $1,000,000 to be used In any one year.
The position of the first consolidated mortgage Is substantially as
follows: It Is a nrst lien [mortgage or collateral, the prior Hen bonds,
however, preceding the general lien bonds] upon the company's chief
coal properties (except Penn. Coal Co.) upon Its water transportation lines, Including valuable terminal properties appurtenant thereto,
and upon a number of profitable local lines In New Jersey and near
Buffalo ; It Is a second lien upon certain minor coal properties and
npon the railroads leading to all the coal properties, upon the terminals at Jersey City, upon the Buffalo New York & Erie Railroad
(the main line to Buffalo) and the Buffalo terminal properties other
than those upon which it is first lien, and upon the entire line from
Salamanca to Chloago; it Is a second consolidated mortgage upon
the lines between Piermont and Dunkirk (447 miles.)
The collateral trust 4s of 1901 are secured by 51 per cent of the
entire New York Susquehanna & Western stook ($26,000,000 total
Issue), all of the Pennsylvania Coal Co. stock, and the stock
of the Erie & Wyoming Valley RR., Soranton, Pa., to Lackawaxen, 65
miles, and the Delaware Valley & Kingston RR. Of the bonds $32,000,000 were issued to acquire these stooks (excepting the N. Y.,
Susq. & Western, already owned), the remaining $4,000,000 being reserved for improvements to the properties represented by the stooks
aoqulred. A sinking fund of 10 cents per ton of ooal sold purchases
bonds at not exceeding 105, otherwise to be applied to the drawing
of bonds by lot, all such bonds to be kept alive and the accruing Intero. (F.
& A.);
pref.,
In 1903, Feb., l»a p. c; Aug., 2 p.
242,721
221,247
Other income
314,995
183,466
Total net ino.... $18,889,940 $14,912,543 $12,191,405 $10,264,534
Interest
$8,461,375 $8,396,891 $7,541,730 $6,921,623
Rentals
1,142,974
1,112,163
1,139,483
1,158,387
P.O. due l's'd lines...
222,900
215,696
223,409
233,396
Int. on equip, tr's....
339,072
298,590
269,599
245,106
Miscellaneous
290,352
255,023
194,027
42,592
Add'ns&Imprv'tB.. 2,377,855
249,501
Divs. on 1st pf
(3 l 2 ) 1,676,234 (3)1,436,772 (l*g)718.386
Balanoe, surplus... $4,379,178 $2,947,906 $2,104,771 $1,663,430
* The 1902-03 earnings compare with those of 1001-02 snd those of 1900-01
with 1899-00, but the latter two periods do not compare with the former two,
o wing to changes In methods of accounting.
x Represents the profits of the Pennsylvania Coal Co. for 6)4 months ending
. . . .
and or the other coal properties for the two years from July 1,
June 80, 1901. The corresponding item under 1899-00 embraces the Income from the latter properties for 1898-9; In 1901-03 and 1W03-0S profits for
June
30, 1901,
1899, to
the year of
all
ooal properties, including Pennsylvania Coal Co., are included
Officers—President, F. D. Underwood; 1st V.-P. and Gen. Mgr.,
John 0. Stuart; Sec. and Asst. to President, G. A. Richardson; Treas.,
D. W. Blgoney; And., M. P. Blauvelt.
Directors.— Chas. Steele, J. J. Goodwin, John G. MoCullough,
D. O. Mills, Alexander E. Orr, F. D. Underwood, Samuel Spenoer,
Francis Lynde Stetson, J. Lowber Welsh. J. J. Hill, Norman B. Ream,
H. MoK. Twoinbly, E. H. Harrlman, William B. Lane and Louis L.
Stanton.-(V. 77, p. 2389; V. 78, p. 229, 287, 768, 988.)
K vHiimville Jk I u<l ia uapolia mt.— Owns Evansville to Terr*
Haute. Ind. (via Worthington), 134 m.; leases branoh, 12 m. Aoonsolldation In 1885. Of the consols $898,000 held to meet prior liens. The
consols, and the bonds of 1924 are guaranteed by Evans. & Terre Hautf,
whioh owns capital stook, $2,000,000, Company owns no equipment.
Latest Earnings—4 »4 mos., > 1903
Gross, $170,046
July 1 to Nov. 21.
$1902
Gross, 170,167
In 1902-03, gross, $387,401; net, $131,003; other inoome, $14,289; Interest, taxes, etc., $179,382; bal.,defloltforyear,$34,090.— (V.75,p.980.)
Evanavllle A Terre Haute
Road owned and operated. Miles.
UK.—The system includes:
Controlled—op. separately.
Miles.
109 Evansville & Indianapolis
48
Evansville to Terre Haute
5
via Worthington, eto
146
Leased to other eo.'s Rook162
ville extension
23
Eastern Illinois interests acquired a ma-
Evansville to Terre Haute..
Branohes to Mt. Vernon, etc.
Evansville Belt (stock held) .
Total in earnings
In July, 1903, Chloago &
jority of the common stock.
Drv'DS—
Com. stook.
> '91
}
7
'92
V. 77, p. 250.
'93 '94 '95 '96 '97 '98 *99
7H 7^1
2%
'00 '01
3
5
1^
'02 '03
None.
1 1
2 4*4
5
5
5
1 Also scrip dividend.
11 Also 5 per cent In bonds.
On preferred 5 p. o. declared In 1903, payable 2>f p. o. Oct.., 1903
and 2*<j p. o. April 15, 1904.
Pref. stock.
)
Ape., 1904.]
RAILWAY STOCKS AND BONDS.
1631
4
c
RAILWAY STOCKS AND BONDS.
16:fc>
RAILROADS.
Date
Miles
81 e '° r
Amount
5,
of
of
For explanation of column headings, Ac, see notes
jOutstanding
Road. Bonds Value.
on first page of tables.
l
Evansv.AT.H.f Oon.j— Sullivan Co.Coalbr.M.,g.Fo*
1st general mortgage for $7,000,000, gold F..c*
Fall Brook— Stock ($500,000 Is 7 per cent, pref.)...
FUchourg— Pref. 5 per oent rental
c*
Bonds, not mortgage
Bonds to State of Mass. 4 p.o. since Feb., 1897.0
Bonds ($1,500,000 due 1907. Interest A. & 0.).o*
•84-'87
c&r
not mortgage
o*
not mortgage
o*
not mortgage
not mortgage ($2,750,000 are 4s of 1897)
notM. ($1,775,0' are 3^sof 1901) ..ctr
not mortgage, $2,660.000
35
Troy A Boston 1st mort. (V. 53, p. 405)
Brookline A Pepperell plain bonds, guar. (end)..
Hint <£ Pere Marquette— See Pere Marquette Sta TEME
Florida Oentrai dk Pen.— Skk 8. aboard Air Link Ry.
60
Florida We»t Shore— 1st mortgage, guar
26
Fonda Johnstown dk Qloversv.— Con.M., $500,000..
26
lstoonsol. refunding mort., *700,000. gold N.o*
26
Gen. refunding M., $1, 500,000, <V. 71, p. 34). N.o*
4
Johnstown G. A Kingsboro l»t M.. assumed
14
CayaduttaElec. 1st M..gu.,p.<ti..by F..I. A G.N ,g.
lstoon. gen.ref.M. $7,000,000. g., red.l20.N o'&r
ITIe.O'
Ft. Smith dkW.— 1st M., $7,500,0 JO, g
98
Fort Wayne dt Jackson— Pref. stock, S'ap o rental
Ft. Wayne dk Southw —1st mort., $2,000,000. gold.
Fort Worth dk Denv. City— Ft. stk. "stamp, ctfs." 4%
o*
455
1st mortgage, gold, $18,000 per mile Me
Bonds,
Bonds,
Bonds,
Bonds,
Bonds,
Bonds,
1890
1894
1895-6
1897-8
1900-1
190i
1874
1891
Gainesville
dk
Ho. Vui.iey—See Chic A Northw.
Gulf— 1st mort., $150,000, gold.. .So*
1,000
1,000
1,000
i'.ooo
1881 100 Ac
1897
1,000
1900
1,000
1893
1.000
1892
1,000
1902
1,000
1904
1,000
100
....
1,000
100
1881
1,000
Total net Income
Interest on debt
Taxes and miscellaneous
Evansv. A Ind. deficit
Dividends on preferred
$863,281
$337,950
88,982
34,090
(5%)64,167
do
common
Depleted equipment
1899
48
1,000
$743,708
$337,950
77,672
64,054
(5%)64,167
$647,557
$337,950
77,253
86,605
(5%)64,167
(3%)119,585
189,379
Balance, surplus
$338,092
$10,486
def.$38,003
Yoakum;
Treas., C. W. Hillard; Directors
Oct., 1903, V.77, p. 1294.— (V. 77, p. 250, 296, 1294.)
Kvansvl <> Terre Haute 6c
See Chic A East. 111.
Fall Brook Railway.— (See Map New York Oentrai dk Hudson
River RR.— Owns from Corning, N. Y.,to Antrim, fa., 52 miles; branch
to Ulysses, Pa., 40 miles; total 92 miles.
Lease.—The railroad and its rolling stock was leased to N. Y. Central A Hudson River RR. for 999 years from May 1,11899, for $175,000
yearly, payable quarterly In gold, beginning Aug. 1, 1899. also taxes
and repairs, the leases of the Syracuse Geneva A Corning Ry. and
Pine Creek RR., formerly held, being canceled and new leases made to
N. Y. Central, which also assumed the guaranty of the $3,500,000 Pine
Creek bonds. The lease does not Include the coal properties of Fall
Brook Coal Co. Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per oent per annum on preferred and 6 p.
0. on common; since the lease, 7 per oent on preferred and 2*2 per cent
on common.— (V. 68, p. 379, 573, 773. 872.)
v i If 6c
V. 76, p. 653.
Officers—President,
B. F.
Chic—
1 1
1
840,000
200,000
500,000
800.000
50,000
350.000
3.750,000
See text.
4
6
A.
4ic g.
4
6
6
g.
g.
A
A
Imp.
O. N. Y.,
J.
N.Y., N.Y.
& Tr. N. Bk.
A.
J.
A
A
&
N. Y., Metropol. Tr. Co
N. Y., Farm. 1* A T. Co.
N.
N.Y. Sec.
Tr.Oo.
O N. Y., Mero. Trust Co.
8. N. Y., Farm. L. A It. Co,
A
M.
J.
do
do
A
NY.
M.
Semi-an
2,539,99 2 4 In 19<J4 See text N. Y., Morton Trust Co.
N. Y., Mercantile Tr.
8,176,000
6 g. J. A D
513
VJ,291,416
5
(?)
1921
1947
July
1950
July
1913
Oct 1, 1922
Nov. 1, 1952
Apr. 1, 1954
Mar. 1, '04,2%
20 years.
Apr. 1, 1904,
Deo. 1, 1921
Apr.
Sec ATr.Co. July
A
A.
4>3 g.
4
J.
J.
J.
g.
1,
1,
1,
1,
<<:
Bonds, Guaranties, Etc.— Certain Evansvtlle A Indianapolis bond*
are guaranteed. See that company. General mort. 5s for $3,855,000
are held in trust to retire the prior bonds and car trusts at maturity.
Gross, $1,379,128
Latest Earns.—9*4 mos., 5 1903-4
Gross, 1,329,007
(1902-3
July 1 to Apr. 7.
Annual Report.— Report for 1902-03 was given in V. 77, p. 296.
1901.
1902.
1903.
Tear end. June 30—
$1,393,943
$1,722,314
$1,453,660
Gross earnings,
601,640
704,475
826,956
Net earnings
45,917
36,325
39,233
Other income
Farm
ho nan — i'lLuuiINTEREST OR DIVIDENDS.
pal, When Due
Rate per When Where Payable, and by Stocks— Last
Dividend.
Whom.
Cent.
Payable
NT.
. .
Fremont Elkh.
Vol. lxxyiii.
$450,000
A. A O. N. Y., Far. L. A Tr. Co. Apr. 1, 1930
Apr. 1, 1942
2,223.000
do
do
5 g. A. A O.
Feb. 5, 1904
5,000,000 See text Q— F. 5 Office, Corning, N. Y.
17,360,000
5
Q.-J. Offloe, Boa. A M., Bos. Apr 1,'04, 1»4
May 1, 1908
2,000.000
Boston, Offloe.
5
Various
1937
Feb. 1
do
5,000,000
do
4
F. A A.
1905&1907
do
2,000,000
4
do
Various
June 1, 1920
do
500,000
do
4
J. A D.
May 1, 1914
500,000
4ifl
do
do
M. A N.
1915 A 1916
do
1,859,000
do
4
Seml-an
1927-1928
4,200,000
4
do
do
Semi-an
Oct. 1,1920-21
2.275,000
3ifl
do
do
A. «!fcO.
1922
See text.
3*
July 1, 1924
573,000
do
do
A J.
7
Deo. 1, 1911
do
do
100,000
5
A D.
1890 $1,000
1892
1,000
50
100
1888
1,000
1887
199
92
[
Powhatan KB.—
Albemarle.—See Sup. July, '01, andV. 69, p.743)
Flndlay Fort Wayne & Western By.— (See Map O. S. dk D.)—
Owns from Flndlay, O., to Fort Wayne, Ind., 80 miles. Sold at foreL Fayciicv I lie 6c
closure July 6, 1903, to Cincinnati Hamilton A Davton Ry. V. 77, p.
88; V. 75, p. 1202; V. 75, p. 497, 978; V. 76, p. 1300. For year end.
June 30, 1902, gross, $111,788; oper., def., $2,200. (V. 77, p. 88, 695.)
Fltchburg
System extends from Boston Mass. to Troy,
N. Y, 190 miles; branches to Worcester, Bellows Falls, etc, 268 miles;
458 miles In all, of which 56 miles (Fitchburg to Greenfield) leased
from Vermont & Mass. and 8 m. from other cos.; second track 183 m.
Lease.— Leased for 99 years from July 1, 1900, to Boston A Maine for
6 p.o. on pref. and 1 p. 0. on common stook, payable quarterly [Jan. 1,
etc], organization expenses, Interest on bonds, taxes, expenses of
maintenance, etc iThe B. A M. holds about $5,500,000 of the $7,000,000 common stook, purchased with prooeeds of Its 3 p. 0. bonds,
at 90, the remainder being in the treasury V. 70, p. 76, 125, 176, 583,
1291; V. 71, p. 29, 543 V. 72, p. 532.
Bonds.— Debentures described In V. 60, p. 967. The stockholders
have authorized $2,660,000 3 * p. 0. bonds to provide for various
bonds maturing up to Dec. 1. 1903, inclusive, and for addtlons and
BB.—
;
150,000
6g.
1903.
V. 75, p. 611; V. 73, p. 1112, 1312.
report (for 1899-1900) was in V. 71, p. 909.
-(V. 75, p. 611, 666; V. 76, p. 653, 810; V. 77, p. 769, 823.)
Annual Report.— Last
Flint & Pere ITIarquette BB.—Merged in Pere Marquette RR.
Florida Central 6c Peninsular BB.—SeeSeaboard Air Line Ry.
Florida East Coast By.— Operate* from Jacksonville, Fla., via
Bt. Augustine, to Miami, 366 miles
branches to Palatka, San Mateo,
•to., 17 miles; Atlantic A Western, Blue Springs to New Smyrna, Fla.,
;
98 miles; Titusville branch, 48 miles; Jacksonville to Mayport, 25
allies; total, 484 miles.
V. 69, p. 591. In Oot., 1903, extension was
completed Irom Miami south 22 miles; to be extended 56 miles additional to Cape Sable. 8ystem owned by Henry M. Flagler.
June 30, 1901, stock. $1,000,000; $7,100,000 bonds issued. In
Oct., 1902, filed a mortgage to the Colonial Trust Co. of New York,
as trustee, to secure $8,741,000 thirty-year 5 per oent bonds,
dated J an. 1 1 903, a portion of the Issue to be presumably reserved to retire $7,100,000 existing bonds at or before maturity; V. 75, p. 906.
For year 1902-03 gross earns.,$2,0 18,207; net, $066,614, agst.$533,656
In 1901-02; charges $594,899.- (V. 61, p. 112, 470, 591; V. 75, p. 906.)
Florida Southern BB.— Merged In Atlantic Coast Line RR.
,
Florida West Shore By.— V. 77, p. 695.
Fonda Johnstown 6c Gloversville BB.—Owns
Fonda to
Northvllle (steam), 262 miles, Uloversville to Sohenectady (eleotrlc),
32-7 miles, double traok; Johnstown to Fonda, 5 miles, Amsterdam to
Hagaman, 3 miles, city lines In Gloversville, Johnstown and Amster.
N. Y., Standard Tr. Co.
dam, 7*2 miles. Operates under lease
tion to Broadalbin, 6-2 miles (steam);
1929
branch
line Broadalbln Juncalso local line Gloversville to
Johnstown, 4 miles (eleotrio); total, 91 4 miles of road (124 1 m. of
track, of which 71*7 miles on private right of way and 19 7 miles on
streets and highways.
consolidation on Jan. 1, 1903, with the Amsterdam Street and Cayadutta Electric railroad companies. V. 73, p.
31, »93, 1355;
74, p.987; V 75, p. 1399. Stook $2,500,000; par, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stook of Edison Electrio Light
Power Co. (V. 71, p. 1167.) In 1896 parties interested in N. Y. Central entered directory. In Jan., 1903, control of
Adirondack Lakes Traction Co., Gloversville to Mountain Lake, was
acquired by or in interest of the F. J.
G. V. 78. p. vs29.
Bonds.— Of the oonsol, 4^8 of 1902 ($7,000,000 authorized) $4,000,000 were Issued to retire Amsterdam Street RR. bonds and for construction; of the balance $1,850,000 is reserved to retire prior Hens.
V. 76, p. 265. Guarantees $30,000 Glov. A Broadalbin 5s.
Earnings.— For « mos. ending Dec 31, i°03, gross, $328,971; net»
$168,845; other income, $40,213; charges, $144,424; balance, surplus'
$64,634. For 6 mos. ending June 30, 1903, gross, $237,292; net.
$97,315; other income, $10,534; interest, taxes, etc, $92,259; bal..
sur., $15,590. -(V. 76, p. 212; V. 78, p. 229.)
A
V
&
&
Fort Smttb
Western
BB.— Operates
Fort Smith, Ark., to
Guthrie, 196 m. t
Is owned and Ft. Smith to Coal <!reek,20 miles, is Kansas city Southern trackage, to be replaced by company's own road. The road will
develop coal properties at MoCurtain, I. T., 40 m. west of Ft. Smith.
Henry C. Frick of Pittsburg, Pa., is understood to be largely interested.
Stook. *5,000,000, all outstanding par of shares. $100. Of the gold
4s of 1904 '7,500,000 authorized) $5,833,000 are to be Issued presently in exchange lor the $5,000,000 outstanding 5s. $400,000 toreplace the 20 miles of trackage mentioned above, $400,000 are reserved for equipment and the balance for other purposes. In July,
1903, filed an asreement for the purchase of equipment costing $438,000. V. 77, p. 88. For year ending June 30. 1903 (120 miles), gross,
$141,177; net. $76,405; total deductions. $90,497. Pres. and Treas.,
A. C. Dustin, Cleveland, O.— (V. 78. p. 1497.)
Fort Wayne 6c Jackson BB.— Owns Jackson, Mich., to Fort
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore A Michigan Southern at a rental of $126,027, equal to 5*8
per cent on the preferred stook (see V. 56, p. 812), and after 1887 any
net earnings over 8 per cent on pref. stook to be paid as dividends on
common, but not exceeding 2 p. 0. a year. Common stook, $436,132.
Fort Wayne 6c Southwestern BB.—V. 78, p. 1275.
Fort Worth 6c Denver City By.— Owns Fort Worth, Tex., to
Texline, 453 m. Owns stook and bonds of Ft. Worth A Den. Term. Ry.
Stock, Etc. —Colorado A South. Ry. owns a majority of $6,835,008
common. Pref. stook, "stamped," see V. 63, p. 1063.
Dividends.—On pref. 2p. c.Mar., '98; Mar., '99, 2 p. c; Apr., 1902, 2
p. 0. out of surplus earnings of the years 1899-1901; Apr., 1903, and
1904, 4 p. 0. eaoh from surplus earnings of previous years.
Bonds.— Finances readjusted in 1896. Plan V. 63, p. 75. Abstract
of mort. V. 45, p. 440. Equip, trust notes June 30, 1903. $206,282.
Earnings.— 8 mos., < 1903-4
Gross, $1,844,009; net, $623,272
July 1 to Feb. 29. < 1902-3
Gross, 1,749.263; net, 419,795
Annual Report.—Report for 1902-3 was in V. 77, p. 2032.
^- Years end. June so.—.
Calendar years.
6c
Guthrie, O. T., 216 m., of which Coal Creek,
I.
T., to
;
(
,
1903.
1
Improvements; also $500,000 bonds to pay off $500,000 bonds due
Mar. 1, 1904; sale of bonds was deferred in 1903, $1,554.000 one-year*
notes being Issued, and in Sept. to Nov.. 1903, $1,978,000 six months,
notes, against which were hela $772,000 Verm. A Mass. 3 "as of May 1
J.
1902.
1901.
1900.
Gross earnings
$2,494,587 $2,262,123 $2,163,397 $1,807,089
464,986
561,373
533,860
346,410
17,534
11,962
16,583
From total net Income, as above, in 1903 ($482,520). deduot interest
on bonds, $490,560; rentals, $10,000; bal., def., $18,040.
Pres., Frank Trumbull, Denver, Col.— (V. 77, p. 1746, 2032.)
Fort Worth 6c Bio Grande By.—Merged in 1903 in the St.
Louis San Franoisoo & Texas Ry., a subsidiary of the St. Louis & San
Francisco, refunding bonds of the latter being reserved to retire the
$2,923,000 outstanding Ft. W. & R. G. bonds at maturity.
Foxburg Bridge Co.— V. 77, p. 1873; V. 78, p. 287.
Fulton County Narrow Gauge By.—See Apr 1900, Supp.
Gainesville 6c Gulf By.— Sampson City to Fairfield, Fla., 48
miles. Land grant, 480,000 aores. Stook authorized. $1,000,000; par
$100; issued July, 1903, $300,000. Loans and bills payable June 30,
1903, $56,590. Year endingjune 30, 1903, gross, $58/749; net, $13,931.
President, J. M. Graham. Offloe, Gainesville, Fla.— (V. 73, p. 616, 783.)
Netovertaxes
Other income
Gainesville Jefferson
—Road from
6c
Southern
BB.— (Narrow Gauge.)
Ga., 52 miles; Belmont
to Jefferson, 13 miles. Stook is $242,687 common; $17,650 preferred;
par, $50; of which the Georgia RR. owns $140,000 common and $8,000
preferred. Of the firsts, $161,500, andof the 2ds, $75,000, are endorsed
Gainesville to
Sooial Circle,
by the Georgia RR., lessee. Interest on endorsed bonds paid regularly
but no Interest on unendorsed bonds since July 1, 1895. Samuel 0.
Dunlap is now reoelver. The mortgages have been foreclosed, but
case has been appealed to Supreme Court of Georgia. In 1903 sale
wasordered. V. 77, p. 823. In 1902-3, gross. $115,822; def. under
oper., $3,694.- (V. 76, p. 1406; V. 77, p. 196, 823.)
Galveston Harrlsburg A San Antonio Ky.— (See Map South
Pacific .)— Owns Houston, Tex., to east
bank of Rio Gr. River, 834mlles;
,
RAILWAY STOCKS AND BONDS.
Api;.. 1904. J
1633
Bonds— PrlnoiINTEREST OR DIVIDENDS.
Miles Date Size, or
pal.When Due.
Amount
When Where Payable, and by Stocks— Last
column headings, Ac, see notes of
of
Par Outstanding Rate
For explanation of
Road. Bonds Value.
Per cent. Payable
of tables.
Whom.
on first page
Dividend.
RAILROADS.
—
Galveston Harrisb. A 8. Antonio lstM.,g.,landgr.o
2d mortgage, Harrisb. and Houston to San Ant.o*
West. Div. lstM.,g.,SanA.toElPaso,636 m.&br.o*
o*
2d mortgage (see remarks)
Equipment bonds, due *82,000 semi-annually.
Galveston Houston A Hend. of 1882— 1st M., Me o*
Galveston Houst. A North— 1st M., $800,000. gold .
Genesee A Wyoming RR.— 1st M., g., $500,000. K..
Georgia A Alabama Ga. Carolina A North'n See
Georgia Flor.AAlab.— 1st M., $550,000, g .. « a.o"
Georgia Midl'd Ri/.— 1st M., g., $1,650,000, Int. gu.
Georgia Pacific— See Southern Ry.
Georgia Railroad A Banking Co. Stock
o*
Bonds, refunding, not mortgage, currency
o*&r
Bonds, not mortgage, currency
Bonds, not mort., our., $200,000 are 5s of '87o*<fcr
Heorgxa Southern A Fla.— Com. stock, $2,000,000
1st pref., red. aft. June 1. 1905, $684,000, 5 p. o.
2d pref., $1,084,000, 5 percent
o*
1st mortgage, gold, $4,000,000 [Tie
o*«fer
1st consol. M., $10,000,000, gold.N
Equipment trusts, $18,000 due semi-annually..
Gettysburg A Harrisburg—So. Mt. 1st mortgage
Gettysb'g A Harrlsb'g 1st mortgage, old Issue...
Consol. mortgage, $565,000, gold, see text
Gila Valley Globe A North'n— 1st M., g., text..Mp
Goshen A DeckerVn— 1st A 2d M. ($60,000 are 2ds)
Gouverneur A Oswegalchie— 1st M.,g, gu. p.<fe i. C n.o
Or. Rap. Belding A Saginaw— 1st mort., text, gold
Orand Rapids A Indiana Ry.— Stock, $6,000,000.0'
cA
1st M., mostly 1. gr.,g., ext. In 1899
o*
1st mort., extended, gold, guar, by Pa. RR
o*
2d M„ $5,000,000, g
—
—
—
Ba
.
256
225
671
671
50
56
16
'71-*80 $1,000
1880
1881
1881
1902
1883
1900
1899
1,000
1,000
1,000
1,000
1,000
1.000
Seab. Ara L ine Ry
Text 1901
1,000
98 1896
1,000
307
|
1882-7
1895
1902
1902
1882
1891
1894
35
125
12 1888-9
13 1892
28 1899
1,000
1,000
1,000
1,000
1,000
1.000
500, Ao
1,000
1,000
1891
1891
1896
1,000
1,000
1.000
;
& Henderson RR.
of 1882.— Owns
from Galveston. Texas, to Houston, Texas, 50 miles.
Organization.—The M. K. AT. and International & Great North,
have had trackage rights since December, 1895, under a contract
providing for payment to mortgage trustee of $100,000 yearly
to meet interest on G. H. 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. M. K. A T. owns 4,999 shares of G. H. A H. stock
—see V. 61, p. 1013. Stock, $1,000,000 par, $100. For year ending
Deo. 31, 1902, gross, including $124,000 for trackage as above, $375,;
823;
and
net, $178,629; other income, $3,569; interest, $100,000; equip't
imp'ts, $63,732, balance, surplus, $18,466— (V. 65, p. 1114.)
A
Northern Ry.— Owns from Magers»
Galveston Houston
suburb of Houston, Texas, to Galveston 53 miles. Sucoessor May 1»
1899, of Galveston La Porte & Houston Ry., sold under foreclosure.
Capital stock is $500,000; issued $200,000, of which the Southern
Pacific owns $198,000, together with all the bonds. V. 72, p. 287.
Year ending June 30, 1903, gross earnings were $1, 189, 343; net,
$394,425; charges, $83,303; bal., sur.. $311. 121. -(V. 76, p. 542.)
A Western RR.— V. 77, p.
6eneaee& Wyoming it It.— Retsof, v.
Gnlvesioii
400.
Y., to Ptttsburg ALehlgh
11 miles; Ketsof Jet. to <*relgsville, 4 m.; branch. 2 m,; total, 16
m. Stock, $500,000: par of shares, $100. Dividends from Oct., 1899,
to Oct., 1902, Inol., 5 p. c, yearly; 1903, 8 p. c; 1904, Apr.. 4 p.o. Year
1902 3, gross, *127,2-i6. net, *89,25u; int. and taxes, $27,59^; dividends (6ia%), $32,500; bal., $29,158. Pres't and Treas.. E. L. Fuller,
Siranton, Pa.; Sec, H. D. Fuller, 115 Broadway, N.Y.— (V. 76, p. 1248.)
<
George's Creek
ber land .—See Apr., 1900, Supp.
Georgetown Western.— See Apr., 1900, Sdpp. (V. 75, p. 1354.)
Georgia Florida A Alabama Ry.— Owns Cuthbert, Ga., to
Tallahassee, Fla., 107 miles; in Oct
1903, extension was under construction from Cuthbert northerly to Columbus, 64 miles. Extension
also proposed under charter oi Florida Southeastern Ry.. Incorporated
June 15, 1902. V. 75, p. 29. Stock. $350,000, all outstand'g; par, $100.
For year ending June 30, 1903, gross. $114,540; inet, *27,426;
total deductions, $27,907; bal., def., $481. President, J. P.Williams;
Office, Savannah, Ga.— (V. 74, p. 1089;
Sec. and Treas., J. O. Hatch.
V. 75, p. 29.)
Georgia tt Id and Ry.— Owns road from Columbus to McDonough,
Leased from July 1, 1896, for 99 years to the Southern
ela., 98 miles.
Railway Co. for $49,500 annual rental (being Interest on the first mort?;age bonds, etc,) and $2,500 for Columbus terminal property. Stook
b $1,000,000, owned by Southern Railway Co.— (V 63, p. 361.)
Georgia Railroad.— Under this name are operated the lines leased
from the Georgia RR. A Banking Co. —whioh see.— (V. 67, p. 1260.)
Jot.,
A um
&
,
1
A
Georgia Railroad
Banking Company.—Owns from
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
and Athens, 58 miles; Macon A Augusta RR. (proprietary road), Camak,
Ga.. to Macon, Ga., 74 miles trackage, 4 miles total, 307 miles.
Organization.—Owns also one-half the stook of the Western Railway
of Alabama (the Central of Georgia Railway owning the other half)
and a 47 per cent interest in the Atlanta A West Point (whioh see).
Guarantees (jointly with Central RR. A B. Co. of Georgia) the $1,543,000 first mortgage 4*9 per cents of Western Railway 01 Alabama.
In April, 1881, the railroad (307 miles) and its interest In the other
railroad companies were leased for 99 years to W. M. Wadley and
associates, for the Central of Georgia and the Louisville A Nashville, at
$600,000 per year, but in April, 1899, the L. A N. was held to have acquired all rights under the lease; the Atlantic Coast Co. In July, 1899,
aoqulred a half interest. V. 68, p. 722; V. 69, p. 385, 591; V. 70, p. 125.
Deo. 31, 1892, the banking department was turned over to " Georgia
Railroad Bank," a majority [$198,200] of whose stook is owned.
Dividends—
'82. '83 to '87.
'88.
'89 to Apr., 1904.
> '81.
Since 1880, P. Ct. 5 9^ 10*4 10 yearly 10%
11 p. 0. yearly.
Earnings.— 307 miles, ) 1903-4.. .Gross, $1,689,774; net, $516,176
July 1 to Feb. 29.-8 mos. 5 1902-3.. .Gross, 1,586,785; net, 568,800
Railroad earns, for year ending June 30, 1903, gross, $2,308,299; net,
$683,076; divs. received. $116,166; rental to Ga. RR.
B. Co., $600,000; balance, sur., $199,242.— (V. 70, p. 125.)
Georgia Southern Florida Ry.— (See Map of Southern Ry.)—
Owns from Macon, Ga., co Palatka. Fla., 285 miles; on Nov. 1, 1902,
purchased Atl. V.
W. Ry., Valdosta, Ga.. to Jacksonville, Fla., 107
miles; total, 392 miles. Also owns one-eighth of stock of Jacksonville Terminal Co. V. 77, p. 626.
History.—A reorganization of the Georgia S. A F. Railroad, sold in
foreclosure April 2, T95. (Per plan In V. 60, p. 928; see also V. 59, p. 551.
;
;
A
A
&
g.
5
5 g.
5 g.
5
3
g.
g.
»•
920,000
4,455,000
3,962,000
M.
J.
6
5
1,000,000
6
1,000,000
5 A6
500,000
2,000,000
684,000 5 In 1903
1,084.000 4 In 1903
5 g.
3,801,000
2,000,000
4 g.
4ia
306,000
5
100,000
6
250,000
5
215,000
1,514,000
246,500
300,000
5g.
260,000
5g.
5,791,700 3 In 1903
branches. 73 m.; total. 917 miles. Operated by Southern Paciilc Company, whioh owns $27,054,400 of the $27,084,372 stock (par, $100).
Bonds.— First mort. has a sinking fund of 1 p. c, but it is optional
with holders to surrender their bonds if drawn. Western Div. 2da
by speoial aereeinent are treated as income bonds. V. 58. p. 719.
Equipment bonds. $1,558,000 6s, owned by So. Pac, due $s2.000
semi-annually, Oct. 1 904 to 1922. V. 76, p. 1300; V. 77, p 2160.
On June 30, 1903, there was due the Texas A New Orleans RR. $2.336,952. School fund claims. V. 64, p. 1137; V. 66. p. 471; V. 70, p. 686.
Earnings.— 7 mos., * 1903-04
Gross, $4,221,191; net, $611,311
July 1 to Jan. 31. U902 03
Gross, 4.014,019; net. 771,892
Year 1902-03, gross, $6,850.862
net, inol. other inoome, $571,333; charges, $1,453,233; bal., def., $881,900.— (V. 77, p 2280.)
Galveston Houston
5
6
I
F.
J.
1,000
1,000
1,000
100
335
335
387
g.
4,200,000 11 In '03
100
100
100
Text
1,000
550,000
1,650,000
6
7
100
1897
1880
285
392
$4,756,000
1,000,000
13,418,000
6,354,000
1,553.000
2,000,000
800,000
500,000
3*2
g.
4!flg.
4g.
A.
A.
J.
A.
J.
A.
& A. N.Y.,So.Pac.Co., ABost. Feb. l, 1910
A D.
do
do
June 1, 1905
A N. N.Y.,8o.P.Co.,120B'w'y May 1, 1931
A J.
July l, 1931
A O. Owned by So. Pac Co. Oot., '04 to '22
A O. N. Y., Merc. Trust Co. Apr. 1, 1913
A J.
New York,
Jan. 1, 1930
A O N. Y., Knlok. Trust Co. Apr. 1, 1929
A J. New York A Savannah. July 1, 1951
A O. N. Y., J. P.Morgan <SCo. Apr. 1, 1946
Q.—J. Augusta; mall'd to N.Y. Apr. 15, '04,2%
A J. N. Y., Am. Ex. Nat. Bk. Jan. 1, 1922
J.
J.
J.
M.
M.
A
A
A
&
A
J. A
M. A
A. A
A. A
.1.
J. N.Y.,Am. Ex.Bk.AAug.
J. All Augusta; 6s In N.Y.
N. Bait. M.T.& D.Co. AN. Y.
N.
do
do
J.
J.
S.
Balt.M.T.AD.Co. A N.Y.
do
do
Jan.
Jan.
1,
1,
1910
1922
May
2, '04, 2»«
'04,
July 1, 1945
July 1, 1952
2%
May,
8ept.'04,Sep'H
O.
O.
Phlla., Reading office.
Phila., P.
R. office.
Apr.
Oot.
Oot.
1,
1,
1,
1,
O.
Philadelphia. Pa.
Oot.
1,
1898
1912
Various
do
do
1926
M. A N. N.Y.8.Pao.Co.l20B'w'y Nov.
1924
1928-29
Various N Bk OrCo.Goshen.N. Y.
J. A D. N.Y.,Gd. Cent.Station. June 1, 1942
M. A S. Int'l Trust Co., Boston. Mch. 1, 1924
A. A O. Of., Gr. Rapids, Mich. Apr.25,'04,lis
J. A J. N. Y., Winslow, L. A Co. July 1, 1941
do
do
July 1, 1941
J. A J.
A.
A
A
1936
The Macon A Birmingham Ry., La Grange to Macon, Ga., 105 m., Is
owned by the same interests, but operated independently. V. 78,
p. 7()2.
Dividends.— On 1st pref.,'96, 4
p. c; '97 to May, 1 904, 5 p. 0. yearly.
in '97, 2 p. c; '98, 3; '99, 3; 1900 to May, 1904, 4 p. 0. yearly.
Bonds.— Abstract of 1st mortgage of 1895 was in V. 61, p. 429. The
mortgage is for $4,000,000 and covers road from Macon, Ga., to Palatka, Fla., 285 miles, and provides also that the $684,000 first preferred
stock shall be a Hen thereon second only to the bonds and coupons.
The unissued firsts are reserved for old claims, improvements, etc
The first consol. 4s of 1902 are for the authorized amount of $10,000,000; of whioh $4,684,000 are issuable to retire the *4,000,000
fives and $684,000 first preferred stook, $2,000,000 were issued to
Western Ry. and $3,316,000 are reacquire the Atlantic Valdosta
served for future requirements. V. 75, p. 980.
Latest Earnings.- 8 mos., 5 1903-4 Gross, $1,153,720; net, $300,275
July 1 to Feb. 29.
1,063,526; net, 286,043
1 1902-3 Gross,
Annual Report.—Fiscal year ends June 30. Report for 1902-03
was In V.77, p. 626, showing gross, $1,635,191 net, *400,789 other
Income, $14,792; interest on bonds, etc, $260,683; div. on pref. stook,
$77,560. Pres.. Samuel Spencer, N.Y.— (V. 78, p. 702.)
Carlisle to Gettysburg, Pa., 31
Gettysburg Harrisburg
miles; branch to Round Top, Pa., 3 miles. Tne Reading Company owns
$540,700 of the $600,000 capital stock, $535,000 of which deposited
as part security for its general mortgage of 1896. The consol. 5s of
1891 were guaranteed by Phila.
Read. RR. (foreclosed co.).
Gila Valley Globe
Northern Ry.—Bowie, Ariz., to Globe,
125 miles. Stook, $2,000,000, of which Southern Paolflo Co. owns
$1,100,000. V. 71. p. 1314. Par, $100. The bonds, limited to $15,000
per mile ($1,514,000 outstanding), are guaranteed, principal and interest, by South Pacific Co. V. 69, p. 27; guaranty in V. 68, p. 232.
Dividend.—Dividend, 1901, 4 p. c; 1902, Jan., 4 p. e.j none since.
Earnings— 7 mos.. {1903-04
Gross, $235,533; net. $131,401
July 1 to Jan. 31. \ 1902 03
Gross, 179,385; net, 108,325
Year ending June 30, 1903, In V. 77, p. 449. viz.: Gross, $3 '«,825;
net, $185,745; interest, $75,700; balance, surplus, $1 10,045. Sec and
Treas., A. O. Laird, Los Angeles. Cal
(V. 75, p. 340; V. 77, p. 449.)
Gouverneur
Oswegatchie
Owns from Gouverneur to
Edwards, N. Y„ 13 miles. Stock, $350,000, all owned by N. Y. Cent,
—which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
Grand Rapids Belding
Sasrlnaw
Freeport to Belding,Mich.,28 mile. Mortgage is for $260,000 on 28 miles and$9,000 per
mile for additional construction. Leased from Jan. 1, 1900, to Pere
Marquette RR. (which owns all the capital stook) for 30 years, rental
covering Interest.— (V. 70, p. 39.)
Grand Rapids Indiana It y.— (See Map of Pennsylvania RR.)
On 2d pf.
A
;
;
RR.—
A
&
&
—
RR.—
A
RR.—
A
A
—Owns from Fort Wayne,
Ind., to Mackinaw City, 367 miles Manistee
Branch, 19; other branohes, 44 miles; total owned, 430 miles; operates
the following roads but has not assumed tde old company's leases
thereof: Cincinnati Richmond & Fort Wayne RR., 86 m.; Traverse City
RR. (nearly all the Ptock and all tt
income bonds owned), 26 miles;
Muskegon Grand Rapids <\i Indian* RR., 41 j lies trackage, 7 miles.
The Traverse City Leelanau A Manistique RR., Traverse City ro Northport. Mich., 30 miles, completed July, 1903, is to be operated for Its
net earnings on fulfillment of certain conditions. See V. 74, p. 777;
V 76, p. 811; V. 78, p. 1444.
History.— Successor Aug. 1, 1896, of Grand Rapids A Indiana
Railroad, foreclosed under second mortgage per plau in V 63. p 153.
Dividknds.— Dividend, 1 p. c, Apr., 1900; in 1901, 2 p. c; 1902 to
Apr., 1904, both inclusive, 3 p 0. yearly (A. A O.)
Stock.— Stock, $6,000,000, 01 which Pennsylvania Company Is supposed to own all or nearly all. V. 74. p. 9f>.
Bonds.—The first mortgage bonds extended at 4^ per cent are endorsed with the guaranty of the Pennsylvania RR. Co. to purchase the
coupons as they mature, and the bond itself at maturity. They have no
lien on land grant. See guaranty V. 56, p. 649; V. 69, p. 1193. Of
the 2ds $3,687,000 were owned Jan. 1, 1904, by Penn. RR. Real
estate mortgages, $150,000.
Report.— Report for 1903 was in V. 78, p. 1444. In 1903 carried 2,238,082 tons freight, of which 45 p.o. was lumber, etc... and 14 p.o coal.
Tear end' g Dec. 31.
1903.
1901.
1900.
1902.
Miles operated
430
430
430
430
Gross inoome
$3,401,654 $3,196,738 $2,871,782 $2,661,433
Net over exp's A taxes
698,833
784,470
700.713
585.316
Interest charge for 1903, $391,085; oth. income, $131,592; dividend*
(3 p. c), $173,730; bal., surp., $2,425.— (V. 78, p. 1392, 1444.)
Grand Trunk Ry. of Canada.— Quebec Can., via Montreal, to
Chicago, m.; also to Portland. Buffalo. Detioit. Toledo, etc:
SYSTEM PROPER.
REPORTED SEPARATELY'.
,
Lines
owned
Miles.
2,965
Leased^-partly owned—
Atlantic & St. Lawrenoe, Portland. Me., to Island Pond, Vt...
Buflalo Ac Lake Huron
Cincln. Sag. & MacklnawT
Other lines
Total in earnings
I
|
I
150
162
63
215
3,536
Majority Stock Chimed.
Central Vermont?
Miles,
Grand Trunk Western
1
Entire stock owned.
Detroit Grand Haven
& MUT
Tol.8air. & Muskegon
Jointly owned.
Detroit
A Toledo
Shore Line
470
886
18t
87
51
4,777
Total road
TSee separate statement this Co.
1634
KAILWAY STOCKS AND BONDS.
[Vol. lxxviil
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1635
—
)
I
RAILWAY STOCKS AND BONDS.
<i:*6
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of column headings, &o., see notes
Outstanding
Road. Bonds Value.
on first page of tables.
Orand Rapids Kalkaska
<t
S.
E.—8ee Pere Marqd KITE.
1882
1884
Orand Trunk Ry.—Oonsol.
Btock, £23.318,309..
guar, stock, non-cum., £10,000,000
1st preference 5 per cent stock, £3,420,000
4 p.
o.
—
2d preference stock, £2.530,000
3d preference 4 t>er oent stock, £7,168,055
]
Debenture stock, £4,270,575
3,512
(col. trust), cum
Oonsol. debenture stock
f
equipment M. (subject to 1st M. In trust) .o J
2d
o 8361*
Great Western perpetual debenture stock
o
Northern Ry., 3d preference A & B bonds
490%
Debenture stook, 4 p. c, perpetual, £425,850. \
Midland of CanadalstM.,sectlonal,£525,O00.o )
455
ConsoL 1st M., £3,164,700
0$
Wellington Grey & Bruce 1st M., £532,000
o 16814
66
Grand Irunk West'n—Northwest Gr. Tr., 1st mort.
1st M., $15,000,000, Int. guar., g., $ (cur.) & £.F 326-5
2d M., lnoome, g., $1,500,000, red. (text) .. ..Col. 3265
«t. Northern— Stock, $125,000,000
St. Paul Minn. & Man.— 8took,orig. $20,000,000.
8t.P.M.&M.2d(now 1st M.)g. does not oov. l'ds)o* 624
Dakota Extension 1st M., gold
Ce.o* 1,221
<now l8t
onl a n <l8) gold.Ce 2,655
^O^OOOiooO \
\ 2,655
Montana Exten. 1st M. ($25,000 p. m.),g.Ce.o*Ar 420
Pacific Extension M. £6,000,000, gold Ce..o*<fer
819
—
I
.
M
-
C.B.&Q.o'l.tr.M.g.(8u.tocallaf.Ja.'06atl05)S.o&r
Sterling loan (represented by ctfs. of partioipat.)
Minn. IJn.RR.l8tM.,g.,gu.<$650,000 are 5s). Ce.o*
East of Minn. 1st M. ($50,000 p. m.), g.,gu.Ce.C*&r
No. Dlv. mort., $15,000,000, gold, guar.Me.o*<fcr
Mont. Cen. 1st M.,g. ($6,000,000 are 6s)gu.Ce.c&r
a $11,502,000 additional pledged for
of
which £2,000,000 deposited as
3
72
299
260
1873-4
1873-4
1874
1874
1869
Var.
1868
1884
1878
1882
1874
1880
1900
1900
£100
£100
£100
$500
£100
$500
$100
100
1879
1880
1883
1883
1887
1890
1901
1903
1882
1888
1898
1887
1,000
1,000
1,000
1,000
1,000
£100 &0
$ioooac
$& £
1,000
1,000&0
l.OOO&o
l.OOO&c
2,723,080
15,600
5
F.
6
A.
&
&
&
&
&
&
&
A
-
do
do
do
pd.
Mar23,'04,2%
Mar.23.'04,2i«
Mar.23,'04,2i*
r
Glyn, Mills, Currie
A.
o.
A.
347,990
4
F.
426,200
M.
N.
5
1,016,500
5
J.
J.
83,200 Varies. J.
J.
563.000
J.
6
J.
14,437,000
J.
4g. J.
1,500,000 Up to 4% July.
124,009,200 7 in 1903 (, .-F.
C450.600
C, .-F.
6
7.197,000
a: & O.
f g M. & N.
5,465,000
6 g.
13,344.000
6g. J. & J.
19,408,000
4ifig J. & J.
a 10,185,000
4g. J. & D.
b£3,000,000
4g. J. & J.
215,207,000
4 g.
IT
£1,500,000
5
J. & D.
$2,800,000 5&6g. J. <fe J.
4,700,000
5 g- A. & O.
d5,000,000
4g. A. & O.
10,000,000 5&6g. J. <te J.
None ever
Co.'s office.
& Co., London.
J
I
Mar.23,'04,2%
Irredeemable
Irredeemable
July 1. 1919
Irredeemable
Irredeemable
Irredeemable
May 1, 1908
Jan. 1, 1912
Not fixed.
Jan., '93 cp.pd. Jan. ,'04
N. Y., Nat. Bk. of Com. Jan. 1, 1910
,
London or New York,
July 1, 1950
paid 1902-03.
July 1, 1950
N. Y.Offlce,32 NassauSt. Feb. 1,'04, 1%
do
do
Feb. 1, '04, l*a
lp.
o.
New York and London.
1909
1910
do
1933
do
do
1933
do
do
June
1937
do
N.Y.&Lon., Baring Bros July
1940
1991
July
New York, etc
London, Boston & N. Y. Dec.
1905
1922
July
N. Y., 32 Nassau St.
N.Y.32Nas.; Bos.,Lee,H Apr.
1908
1928-1948
do
do
July 1, 1937
N. Y., 32 Nassau St.
N. Y., 32 Nassau
Oot.
Nov.
July
July
St.
1,
1,
1,
I.
1,
1,
1,
1,
l.
1,
Pao. Extension bonds,
c All except $450,600 owned,
b £3,000,000 additional held by Gt. North'n
2-year loan, due Dec, 1905.
d Subj. to call aft. April, 1928. H Coupon bonds J. & J.; reg., Q.-J
Lines leased and operated
—
St. Paul Minn. <fe Man. Ry.,
St. Paul to Lowell, Wash... 1,790
Branches in Minnesota, the
Dakotas and Montana
2,012
Eastern Ry. of Minnesota—
Fosston to Cass Lake
60
Hlnokley to Duluth
72
Hinckley to Fridley
65
New Dul. to Cass Lake
140
Missis., Minn., to Hibbing
49
Brook Pk. to Coon Creek
Owned, unbonded
—
8eattle & Montana RR.—
Seattle to Westminster
Anacortes to Rockport,
143
73
Wa8h.,etc.
Total operated directly... 4,828
Stock
owned—oper. separately —
Willmar & Sioux Falls—
Willmarto Yankton 8. D..
Garretson, 8. D., to Sioux
205
City.Ia., and O'Neill, Neb. 228
June, eto
96 Duluth Watertown & Pacific—
Park Rap & Leech Lake Ry.—
Watertown to Huron, Dak.
70
Park Rapids to Cass Lake.
Minneapolis Un. Ry„ eto.
49
8
Dakota & Great Northern Ry.—
Montana Central
Lakotato Edmore,N.D.,etc
40
Great Falls to Butte, eto.
260
IfDuluth Terminal Rv
2 Spokane Falls & Northern.
— 203
Duluth Sup. & West. Term.
Washington & Gt. Nor. Ry
Montana & Great Nor. Ry.—
Marous.Wash., to Republic,
(V. 73, p. 904, 184.)
69
etc (V. 73, p. 904, 184)
Jennings, Mont., to GateVancouver Victoria & Eastway
Ry. & Navigation—
ern
51
Gt. Falls, Mont., to Sweet
Rldeau, B. C, to Carson,
grass.
134
B. C, etc
17
Crows' Nest Southern Ry.—
Intern. Boundary to MorTotal road July, 1903
.5,888
rissey, B. C
48 2d and 3d track and sidings. 1,274
During 1903-04 134 miles of extensions will be completed (146
miles being opened Jan., 1904,) and on June 30, 1903, 181 miles additional were projected.
Lands.— Sales for year 1902-03 were 23,856 acres for $241,098 and 992 town lots for $20,002. The net amount due on land contracts June 30, 1903, was $2,766,473; lands unsold, 793,598 aores,
to be reduced about 650.000 acres by a final adjustment with U. S.
Minneapolis & St. Cloud grant was 425.6S4 acres; unsold July 1,
1903, 19,641 acres; sales in 1902-03 were 3,698 acres, for $19,883
Dividends, ) '92 to '96 (indue.), '97 '98 '99 '00 '01 '02 '03
1904
Gt. North. ] 5 p.o. yearly.
Ma 6*4 7
7 7^ 7 7 Feb.,1%
Also In 1898 50 p. c in 8eattle & Mont, stock, whioh was then exchanged for 40 p. c in Gt. Nor. pf. V. 66, p. 1044, 1188; V. 74, p. 829.
Bonds.— St. P. Min. &Man. consol. mort. of 1883 is for $50,000,000. of
which bonds are reserved to pay prior liens. It is a first lien on
the land grant and on 670 miles of railway in Minnesota and a
second lien on the remaining 1,873 miles in Minnesota and the Dakotas, the prior liens on whioh average only $7,300 per mile. V. 64,
p. 518. Montana Extension mortgage is for $25,000,000 for extensions
and for second track. Abstract V. 45, p. 342.
Pacific extension mort. £6,000,000 provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of Montana; £3,000,000
of this issue, in addition to those given in the table above, were released
upon payment of collateral trust bonds Sept. 1, 1898. V. 66, p. 1044,
1188. See abstract of mortgage, V. 52, p. 82.
In 1901 the Great Northern and Northern Paciflo acquired $107,603,500 of the Chicago Burlington & Quinoy RR. $111,142,800 stook
in exohange for their joint 20-year 4 per cent gold bonds, secured
by the deposit of the stook in trust, on basis of $200 in boDds for
eaoh $100 stock. See circular, V. 72, p. 871, 1034, 1135, and applica.
.
&
The Toledo St. Louis
Western Ry. and the Grand Trunk Western
Ry. Jointly guarantee $2,000,000 4 per cents of Detroit & Toledo Shore
Line RR., which see above. V. 75, p. 1354; V. 76, p. 653.
Stock, Etc.—The authorized capital on Dec. 31, 1903, was £46,436,364 stock (£41,613,211 issued and £4,823,153 unissued), advances
from the Canadian Government in aid of construction amount to
£3.111.500.
Perpetual consolidated 4 per oent debenture stock;
authorized by Act of 1882 and later Acts, has been issued from
time to time to acquire securities of companies consolidated and controlled, amounting Dec. 31, 1903, to £15,134,731, and bearing an annual interest of $305,389. V. 71, p. 84. In Aug., 1903, stockholders
authorized increase of 4 p. c guaranteed stook from £5,220,000 to
£10.000,000; of the new stock, £750,000 was subscribed In Oct,
1903; V. 76, p. 382, 972; V. 77, p. 950.
Dividends since 1893: Guar., 4% stock— 1894-97, nil; Oct., '98. 2%;
1899, to Apr., 1904, 4% yearly. On 1st pref.: For 1898,3 p. c; for
1899 and since, 5 p. o. yearly (paid semi-an.)
On 2d pref.: For 1899, 3H p. c; for 1900, 3 p. c; for 1901, 4 p. c;
for 1902 and since, 5 p. c. yearly (paid semi-an.). On 3d pref., 1 p. c.
for 1902, the first since May, 1884; in 1904, Mar., 2 p. c V. 76, p.382.
Earningb-8 mos., > 1903-4.... Gross, $18,272,091; net, $4,564,274
July 1 to Feb. 29. 5 1902-3.... Gross, 17,759,698; net, 5,054,137
Report.—Statement for 1903 was in V. 78, p.1271.
rears ending Dec. 31
1903.
1902.
1901.
Gross earnings
£5,916,548
£5,189,079
£4,857,599
Transportation expenses
4,209,115
3,578,433
3,301,765
Net earnings
£1,707,433
£1,610,646
£1,555,833
Total net income
£1,891,170
£1,811,658
£1,736,651
Rentals
155,206
155,206
155,218
Interest on b'ds and deb. stk. 1,068,690
1,066,152
1,072,498
Advances to controlled roads
13,901
16,768
22,501
Dividend on guar, stock.. ..(4%) 214,160 (4%) 208,792
(4%)208,791
Do on 1st pref. stock... (5%) 170,842 (5%) 170.840 (5%) 170,840
Do on 2d pref. stock. (5%) 126,420 (5%)126,420 (4%> 101,136
Do on 3d pref. stock... (2%) 143,293
U%) 71,649
. .
Balance
def.£l,339
def. £4,167
sur.£5,667
President, Sir C. Rivers Wilson, London; Second Vioe-President and
General Manager, Chas. M. Hays.— (V. 77, p. 2390; V. 78, p. 1109,
1 Z, T J. t 1^75.)
©rand Trunk Western Ry.— Owns
from Port Huron, Mioh., to
West. Ind. RR., 330 miles, and trackage Chicago & West. Indiana, 5 miles; total. 335 miles. Stock, $6,000,000, all owned by Grand
Trunk. A reorganization per plan (V. 69, p. 954; V. 71. p. 28) of the
Chicago & Grand Trunk Ry., sold in foreclosure Oot. 31. 1900.
Bonds.—The Grand Trunk unconditionally guarantees the interest
on the new 4s. Of the 4s. $563,000 are reserved for Northw. Grand
Trunk be. The new incomes are subjeot to call at 85 and any interest
then due. within the first 10 years. Int. on incomes, 1% paid on Julv
coupons in 1902 and 1903. Jointly with Toledo St. Louis & Western
guarantees Detroit
Toledo Shore Line bonds. V. 76, p. 653.
Earningb-8 mos., ) 1903-4
Gross, $3,534,947; net, $398,630
July 1 to Feb. 29. J 1902-3
Gross, 3,215,987; net, 394,182
Year ending Dec. 31, 1903, gross, $5,113,223; net, *721,8*8; charges,
$704,307; bal., sur., $17,581. (V. 76, p. 635; V. 78, p. 1446.)
Great Norlli.rn Ity.— <S«-e iWaps.)—In Feb., 1890, leased the
Bt, Paul Minneapolis <t Manitoba for 999 years, assuming its funded
debt and guaranteeing p.o. per annum in gold on its $20,000,000 stock
In 1903 only $450,600 of Manitoba stock had not been exchanged for
Gt. No. stock. -(V. t-,8, p. 129; V. 67, p. 1356; V. 67, p. 370, 788, 842.)
The Northern seourlties Co. (which see below) formed in November
1901, and owning $1 s.i -.'4.200 Great Northern stock (having given
In exchange $l8o Securities Co. stock per $100 share], also nearly
allot the stock of the Northern Pacific, was, in March. 1904, adjudged an illegal combination by the U S. Supreme Court and ordered
See V. 78, p. 1V23, 1*9-, 1417, 1498.
to liquidate
In 1901 stockholders subscribed at par to $25,000,000 new stook
raising total Issue to $125,000,000 ($20 per share to be credited on
account for advances to St. Paul Minn. & Manitoba Ry.). the prooeeds
to acquire 500 inlles of additional road and control of Great Northern
Steamship Co. V. 72. p. 580; V. 73, p. 184, 903. See below. As to
earlier stock issues, see Suii-lkmknt of July, 1902.
Chic
Bonds— ITinoiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Whare Payable, and by Stocks— Last
Whom.
Dividend.
Payable
Cent.
collat. for
A car ferry from Grand Haven, Mich., to Milwaukee, Wis., wa 8
opened Sept. 15, 1903. V. 77, p. 510.
Organization.— A consolidation, in Aug.. 1882.
In Oot., 1903. the Grand Trunk Pacific Ry., controlled by the same
Interests, wlth',$45,000,000 authorized stock, of which the $25,000,000
common is to be owned by the Grand Trunk Railway, was proposing to extend the company's line about 3,200 miles to the Pacific
coast, the Pacific terminus to be Port Simpson, 350 miles north
of Vancouver.
The Canadian Government will constract the
portion of the proposed line from Moncton, New Brunswiok.
on the Intercolonial Ry., to Winnipeg, via Quebec about 1,475 miles,
and lease It for fifty years to the Grand Trunk Pacific, guaranteeing part of the bonds on the remainder of the line from Winnipeg
westerly to be built by the company. V. 77, p. 88, 146, 250, 400,1533;
V. 78, p. 1109.
[Vol. lxxviii.
£100 £22,475,985
£100
6, 019,172 4 In 1903 A. & O. Check from
£100
3,420,000 5 in 1903 A. & O.
do
£100
do
2.530,000 5 in 1903 A. & o.
£100
do
7,168,055 See text Yearly.
£100
4,270,375
5
J.&J.14
£100 15.134.731
(i.-J.
4
£100
373,000
6
J. & J.
100
.
.
<fe
&
1
.
.
. -
.
.
tion to
list.
V. 73, p. 294, 903.
Eastern Raiiteay of Minnesota.— First mort. covers road, equipment,
terminals and elevators. The Northern Div. $15,000,000 mortgage
from Fosston, Minn.,
of 1898 provides for extension built
to the head of lake navigation at Duluth, and also for future requirements, inoluding the retirement of the $4,700,000 1st 5s at maturity.
They are redeemable at 105 on three months' notioe after Apr. 1, 1928.
— V. 66, p. 471. Montana Central bonds cover several roads. (See adv.
Chron. Deo. 12, 1891.) The Manitoba guarantees these issues, and
Great Northern assumes guaranty. See form of latter, V. 74, p. 680.
The Willmar <6 Sioux Falls bonds are endorsed with joint and several
guaranty of the Manitoba and Great Northern jompanies. Further
issues may be made at $17,500 p. m. for additional road. V. 56, p. 247.
Minneapolis Western first mortgage is for $1,000,000. V. 60, p. 835.
The £1,500,000 two-year sterling loan due Dec 1, 1905. Is seoured
by deposit of £2,000,000 St. Paul Minn. <S> Manitoba Paciflo extension
sterling 4s. The certificates of participation issued by the bankers are
denomination of £200, or $972 eaoh V. 77, p. 1873.
General Finances.— In 1901-02 (10 months) received $800,000
in 1900-01, $1,920,000 (12 per cent) in dividends
(5 per cent)
ou Eastern Ry. of Minn stook; in 1902-03 on Montana Central stook,
$250,000 (5 p. c), and on Willmar <fe Sioux Falls stook, $280,000. Total funded debt per mile of main track (4,751 miles) in the bauds of
the public $20,456. V. 77, p. 978. Train load 1902-03, 446 tons.
In Jan., 1903, the Northern Steamship Co.'s fleet of freight boats
and Great Northern elevator at, Buffalo. N. Y., were sold for about
;
$3,000,000.
V. 76, p. 330; V.77, p. 974.
Earnings.— Great North'n system (incl. St. P. M. & M., East, of Minnand Montana Central) July lto Mar. 31, 1904, 9 months, $31,923,639
against $31,829,414 in 1902-3.
—
c
.
RAILWAY STOCKS AND BONDS.
Apr., 1904.
RAILROADS.
_
o;
Miles
Date
Size,
or
of
of
Par
For explanation of column headings, &c, see notes
Road Bonds Value.
on first page of tables.
Great Northern— (Concluded) —
&
—
1888
1891
i'77
>
Outstanding
1900
1900
.
-
1896
1896
<fe D.
3,646,000
& J.
500,000
5 g.
88,121
1,000
4,002,000
5g J. & J
J. & J
1 18,000
5
1,000
J. & J.
6
274,000
1,000
100
2,500,000 4 Feb. '04 Feb.
1,000
600,000 4 Feb.»04 Feb.
1,000
7,000,000
& D.
100
6
200,000
& J.
1,000
400,000
4 g.
& J.
1,000
9,350,000
6 g.
& A.
500
749.500
6g.
& A.
500
750,000
4 6 g.
& J.
1,000
781,000
Q.-J.
100
5.000,000
5 ST. J. <ft J.
l.OOO&o S* 478 1.000
I '$16,000 o Id 5s of 1 896 rem
1.000
1,000
Greene RR.(N. T.)—Stook
Qreenw. dk Jo hnsonvilU—1st
22 1904
$500,000, g.S.cfcr.
Ouay.d- Q. —1st M. $12,282,000, g.,gu., text. • am
1899
"62 1893
Gulf Beaumont dk K.O .— lstM.,$10,000p.m.,g.AK.c
62 1893
2d mort, $10,000 per mlle($176,000 are 6s)AB.c
Gulf B. & Gt. No.,gold,p. & 1. gu.,end.AB.text.o
77 1900
......
Gulf dk Ship Island— Btock, $5,000,000 authorized.
1st ref. and terminal M., g N..
o\fer
251 1902
Hancock, dk Oalumei—See Mineral Range RR.
Sannibal dk 81. Joseph— Bee Chioago Burlington & Qulno r.
Harriman dk Northeastern— 1st M., gold, Ce
22 1895 100 Ac.
Uamst>. Portsm'th Mt. Joy dk Lane.—Stook,7 p. o.gu.
53
50
1st mort. (ext'd in 1883), guar.p.&i.Pa. RR.GP.r
53 1853 500 <feo.
Hartford <£ Connecticut Western— Stook
109
100
1st mortgage, extended in gold In 1903...
109 1883
1,000
Henderson B'dge Co.— 1st M., g., d'wn at 105.Ce.o*
1881
1,000
Hibemia Mine RR. Stock
100
in
Hocking Valley Ry.—Stock, com., $11,000,000..
100
Stock, pref., $15,000,000 4 p. o. non-cum
....
100
Columbus & Hooking Valley 1st more, gold...o*
76 1867 500 &o
Col. & Toledo 1st M. (Columbus to Walbridge).
118 1875
1,000
Ohio & West. Va. 1st M. (Logan to Pomeroy)o*..
85 1880
1,000
1st consol. mort., $20,000,000, gold.Ce
346 1899 l.OOO&o
M
,
—
Annual Report.— Report
foi 1902-03 was given at length in V. 77,
See also editorial, p. 930.
p. 821, 946, 974.
(1) OPERATIONS GREAT NORTHERN SYSTEM PROPER.
Tear end. June 30.
1903.
1902.
1901.
Av. miles operated
5,490
5,249
5,202
Gross earnings
$40,785,647 $36,032,256 $28,350,690
Netearnings
$19,234,692 $17,003,398 $11,537,628
P. o. of exp. and taxes
52-81
52-84
59-30
(2) GREAT NORTHERN INCOME ACCOUNT.
Tear ending June 30.
1903.
1902.
1901.
Net earns. St. P. M. & Man.. .$17,961,874 $13,268,998
$8,026,871
Interest on bonds owned
396,871
380,635
395,548
Dividends on stocks owned...
850,267
1,419,960
3,126,504
Profit on Treas. seour. sold
74,034
363,177
337,554
Rentals of leased lines
114,385
176,484
172,752
.
Bills receivable
1,491
2,059
402,424
474,141
2.014
212,845
Total receipts
$19,801,346
Paid rental St. P. M. & Man. $3,992,737
Great Northern dividends.... (7)8,673,973
Renewal, etc, funds
3,000,000
$16,085,456
$3,742,546
$12,274,088
$3,687,656
(7)8,225,920
(7)6,897,369
General
int.
& other income..
Balance
2,000,000
8r.$4,134,636 8r.$2,116,990 sr.$l,689,063
(rf)
OPERATIONS OF WHOLE 8T8TEM.
Tear end. June 30,'03.
Gross.
Net.
Oth. inc.
Tot.net inc.
Great Northern Ry... $36,960,743 $17,961,874 $1,245,971 $19,207,845
Montana Central Ry. 2,222,457
777,660
35.343
813,003
Will. & Sioux Falls Ry
468.H27
1,501,380
462,422
6,405
Dul. Water. &Pao.Ry
101,067
32,736
145
32,882
Tot. Ry. eys. proper$40,785,647 $19,234,692 $1,287,864 $20,522,557
Spok. Falls & Nor. Sys. $985,282
$248,915
$18,048
$266,963
Minneapolis Union....
268,180
206,222
9,768
215,990
Minneapolis Western.
62,439
25,190
5,190
30,380
Duluth Terminal
36,142
13,500
13,500
Tot. for thesystem.$42,137,690 $19,728,519 $1,320,870 $21,049,390
From this last result ($21,049,390) were pala the total Interest jnarge
of all the companies, and the guaranteed dividends on St. Paul Minneapolis & Manitoba stock, not owned, a total of $4,948,617 ana dividends of $8,673,973 on the stock of the Great Northern Ry. Co. and
$3,000,000 for appropriation lor renewal funds.
Officers.— President, James J. Hill, St. Paul; 1st Vice-President.
Louis W. Hill. St. Paul 2d Vice-Pres., R. I. Farrington; 3d Vioe-President and Sec'y, E. T. Nichols, New York; 4th Vioe-Pres., J. W. Blabon;
Treas'r and Asst. Sec'y, E. Sawyer, St. Paul; Asst. Seo'y and Asst. Treas.,
;
N. Terhune, New York N. Y. office, 32 Nassau St.
Directors— J. J. Hill, Frederick Weyerhaeuser. E. Sawyer. M. D. G rover
R. I. Karrington, H. W. Cannon. J. N. Hill, Louis W. Hill, Wm. B. Dean.
—(V. 77, p. 821. 946, 974, 1533, 1873; V. 78, p. 1222.)
:
Great Northern Railway of Canada.— Owns main line
between Riv-a-Plerre, on line of Quebeo & Lake St. John Ry., to
Hawkesbury, on the Canada-Atlantic Ry., 168 miles, with running
rights over Q. & L St. John to Quebeo, 58 miles also a branch to
Shawinlgan, 4ig miles, and one to St. Jerome, 1% miles; leases Chateaugay & Northern, Joliette to Montreal, completed Dec, 1903; total
operated, 268 miles. Owns elevator at Quebec, oar and repair shops
at Quebeo, etc V. 71, p. 1220.
Control.— In March, 1903, control was acquired by the Northern
Consolidated Holding Co., in which Canadian Northern parties are
.
largely interested.
;
V. 76, p. 705.
Stock and Bonds.— Stock authorized, common, $4,550,000; deben-
ture stook, $3,000,000; preferred stock, $450,000. Of the $6,000,000
first mortgage 5s, series A, issuable at $20,000 per mile of completed
road, $3,540,000 are outstanding, and also $500,000, series B, issued
on account of bridge across the Ottawa River at Hawkesbury.
Earnings.— Report for year ending June 30, 1902, first full year of
aotual operation, was in V. 75, p. 1352, showing gross, $524,764; net,
$207,963; total deductions. $157,417; balance, surplus $50,546.
President, D. B. Hanna, Toronto ; 1st Vlce-Prest. James MoN aught
35 Nassau St., N. Y.— V. 76, p. 705; V. 77, p. 2280; V. 78, p. 287.
Green Bay
& Western RR.—Road owned from Green Bay,
Wis.,
to Marshland, Wis.,
209 miles; branches, 13 m.; traokage to Winona, 4 m.
reorganization June 5, 1896 (per plan in V. 61, p. 471)
History.—A
of the Green Bay Winona
& St. Paul, sold in foreclosure May 12.
1896'
Securities.—There are no fixed charges on the property other than
taxes, nor oan any be plaoed thereon, or the property be sold or leased
without consent of 75 per cent of stook. Class A debentures are entitled to 2^ per cent Interest, if earned, then common stook to 2^ p.c,
then the two share ratably but after 5 per cent has been paid on both,
olass B bonds are entitled to all surplus earnings. 8ee V. 61, p. 471.
Dividends—
(1898. 1899. 1900. 1901. 1902. 1903. 1904.
Class "A" deb., p. 0. < 2^
2^
3
4
4
4
2*a
Stock, p.
( ....
H«
2*2
3
4
4
4
Report for year ending Deo. 31. 1903, In V. 78, p. 1270, showed:
;
1903
1902
Bonds— PrinciINTEREST FOR DIVIDENDS.
pal, When Due.
Rate Per When Where Payable, and by Slocks— Last
ayable
Whom.
Cent.
Dividend.
$
205
2
Wlllmar<fe8i'xF'll8lBtM.,g. gu.p.&l.(end)Ce.o\fcr
Minneapolis Western 1st mort., gold, guar
o*
Duluth Superior
West, oar trusts, assumed
Great Nor. Ry. of Canada 1st M., g., B.f., text.Ce.C
Quebec Term'l M., $300,000 auth. (V. 71, p. 698)
Equipment bonds, due semi-annually'
Green Bay dk Western RR.—Stock. See text
Debentures, Class A, Incomes, text, non-oum..o*
c*
Glass B, Incomes, after stook, non-cum
Amount
1637
Freight. Passen'r.
Gross.
Net.
laxes, etc. BaL.sur.
$433,524 $146,070 $579,594 $223,432 $15,143 $203,289
374,140
128,214
502,354
165,980
16,457 149,523
I*
A
N. Y., 32 Nassau 8treet June 1, 1938
N.Y.&Lon., BarlngBros July 1, 1911
To Feo.1,1906
N. Y. Central Trust Co. Jan. 1, 1950
Royal Tr. Co., Mont.
1951
N.Y., Central Trust Co.
To 1906
N. Y.
of.,
40 Wall.
do
do
do
do
D.L.&W.off.26 Exoh. PI.
N. Y., Stand. Trust Co.
ST., U.S.M.&Tr.&Lon.
N. Y., 5 Nassau St.
do
do
do
do
Feb. I, '04,4
Feb. 1,'04,4
Dec, 1903, 3%
Jan 1. 1924
1932
Aug. 1, 1913
Aug. 1, 1913
July 1, 1930
Buffalo, N. Y.
Apr.15,'04,1%
N. Y., Flsk & Robinson Feb. 1, 195/
aiu outstanding.
J. N. Y, Central Trust Co.
300,000
6g. J.
1,182,550 7*3 in '03 J. & J. Phila., Company's Office
4
J. & J.
do
do
700.000
F&A.31
Hartford.
2
2,712,800
700,000
4*2g. J.
1,503,000
sI
200.000
11,000,000 3 in 1903
15,000,000 4 in 1903
1,401,000
4g7
2,500,000
1,584,000
7
4*38:.
13.139,000
M.
A.
J.
F.
M.
&
&
&
&
&
&
&
&
<fe
Jan. 1, 1916
July 10, '03, 4
July 1, 191
Feb.29,'04,1%
do
July 1, 1923
J.
Sept. I, 1931
S. N. Y., 120 Broadway.
Apr.10,'04,3%
O.
See Central of N. J.
J. N.Y., J.P. Morgan & Co. Jan. 18,04,11a
do
Jan. 18,'04,2%
do
J.
do
do
Oct. 1, 1948
O
Aug. 1, 1905
do
A.
do
May 1, 1910
do
do
N.
do
do
July 1. 1999
J.
Frombal. paid yearly deb."A," 4%. $24,000; com.stook,4%,$100,000
Directors.— 8. S. Pauner, Pres.; Mark T. Cox, Sec and Treas.. 40 Wall
St.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt— (V. 78, p. 1270.)
Greene RR.—Owns road from Chenango Forks to Greene, N. Y.,
8 miles. Leased to Delaware Lack. & W. for term of charter for 6 p. 0.
on stook. Capital stock, $200,000; par. $100. The $200,000 7 p. 0.
bonds which matured Deo. 1, 1902, are held in the D.L.& W. treasury.
Greenwich & Johnsonville RR.— Owns from Schuylerville to
Johnsonvllie, 22 miles, including extension from Greenwich to SchuyBonds, see
lerville, 7** miles, completed in 1904. Stock. $150,000.
table above. For year ending June 30. 1903, gross, $55,687; net,
$22,073; other income, $1,119; taxes, $1,493; dividend (5 p. c), $7,500; bal.. sur., $14,199. President, I. C. Blandy; Treas.. C. P. Noyes;
Sec, C. C. Van Kirk; Auditor, J. H. MoDaniels, all of Greenwioh, N. Y.
-(V. 78.
p. 342.)
Guatemala Northern Ry .—V. 76, p. 265; V. 78, p. 988, 1497.
Guayaquil & Quito Ry.— (312-foot gauge)— Projected from
Guayaquil to Quito, Eouador, about 290 miles, with two branches.
Of this, 1 15 miles, from Guayaquil to Guamote. are in oneration.
In 1904, the Ecuadorian Association of London having forfeited its
cqnstruction contract, the railway company itself was proceeding with
the work. V. 78, p. 7t>2.
Stook authorized, common, $7,032,000; preferred, 7 per cent, cum.,
$5,250,000. The bonds are guaranteed, prlnoipal and interest, by the
Government of Ecuador, seoured by a first lien on all the Customs
duties of the latter.it receiving In consideration 49 p. 0. of the oommon
stock. Interest in London is payable at Glyn, Mills. Currle A Co.
All the bonds are purchasable for a sinking fund of 1 p. 0. yearly, and
in addition $1,014,000 (of which $550,000 are now outstanding) are
subjeot to call at par for a special sinking fund. President. Sir Jas.
Siverwright, London
Vice-President, T. H. Powers Farr, New York
Secretary and Treasurer, Samuel H. Lever, N. Y. Office, 33 Wall St.—
;
(V. 77, p. 196, 510, 1874; V. 78, p. 702.)
Gulf Beanmont & K.C.Ry.—See Sup. forOot.,1902;V.77,p.l225.
Gulf <fc Inter-State Ry.—See page 1746.
Gulf Sc Ship Island RR.— (See Map.)— Owns from Gulfport on
Mississippi Sound, Gulf of Mexico,to Jaokson, Miss., 160-5 miles;
branches, Maxie to Columbia, 48-75 miles, and Saratoga to
Laurel, 41-75 miles; total, 251 miles.
The road was extended
as above in 1899 and 1900, the entire line being operated from Sept.,
1900. V. 69, p. 1011. Laid with 60, 65 and 75-pound steel rails, for
former of which 75-lb. rails are being substituted. Important harbor
Improvements have been constructed at Gulfport, including an extensive system of docks, piers, etc; also a channel 7 miles long extending to deep water. A branch from Mendenhall to Columbia 60 miles,
Is under construction. Charter is perpetual.
Stock.- Capital stook, $5,000,000 (par of shares, $100) all outstanding and deposited with N. Y. Sec & Trust Co. under a voting trust; J
T. Jones, Harvey E. Fisk and Charles K. Beekman, voting trustees.
Dividends.—Apr., 1903. to Apr., 1904, both inclusive, 1 p. 0. quar.
Bonds.— Of the new 1st 5s ($5,000,000 authorized), $2,750,000 were
used to refund the old bonds (only $16,000 of the latter being now outstanding), the remainder being ls'suableas follows: $1,000,000 to complete the terminals at Gulfport, $500,000 for newequipment and $750,000 for 75-lb. rails and other improvements to roadbed and structures. A sinking fund of one per ceut yearly accruing from Jan. 2,
1905, may purchase bonds at not exceeding 110, but the latter cannot
be drawn. See V. 74, p. 426, and application to list, V. 74, p. 1257.
Earnings.— For 8 months ending Feb. 2».
8 montns
G-»ss
Net.
Oth Income. Charges. Bat., sur.
1903-4
$1,237,868 $443,923
$7,601
$159,505 $292,319
1902-3
1,119,200
400.088
280,814
1,182
120,456
Report.— Report for year ending June 30, 1903 (251 average miles),
was given at length in V. 77, p. 1220, 1237, showing, gros*, $1,705.047; net over taxes, $625,429; other income, $3,719; oharges,
$195,431; dividends, $200,000; bal.. surplus, $333,717.
Pres.,
J.T. Jones, Buffalo, N.Y.— ( V. 77, p. 1 220, 1237; V. 78, p. 102, 287.)
Harriman <fc Northeastern Ry.—Harriman to Petros. Tenn.,
22 miles. In Jan., 1903, entire stock acquired in the interest of the
Cincinnati, New Orleans & Tex. Pac Ry., but will be operated separately. V. 76, p. 157. Stook, $600,000.
Year to Mar. 31, 1902, gross,
$81,805; net, $39,981; oharges, $18,000.- (V. 76, p. 212.)
Hartford
Connecticut Western Ry.— Owns from Hartf or
Conn., to Rhineoliff, N. Y., 109 miles, and from Tariffville, Conn., to
Agawam Jot., Mass., 14 miles. Leased till August, 1940. to tb» Cent.
New England Ry. (now controlled by New York New Haven & Hartlord RR.), the rental paying oharges and 2 per cent ret annuin on the
stock,of which $1,390,100 is owned by lessee.— (V. 76, p. 1084.)
Henderson Bridge Co.— Owns bridge across Ohio R. at Henderson, Ky., and 10 miles of road. Stock is $1,000,000 (par, $100), of
which the Louisville <fe Nashville Co. holds practioally all. V. 73. p. 444.
$497,000 bonds In sinldng fund in Oct., 1903.— (V. 77, p. 349.)
Hlbernla Mine
Owns from Rookaway, N. J., to Hibernla
Mines. N.J. 4*4 m. Leased to Cent, of N.J. In 1890 for $12,000 per an.
Hocking Valley Railway— (See Map.)— This company own§
main line from Pomeroy, O.. to Walbridge, O.. 250 miles, with traokage (Penn. RR. System) Walbridge to Toledo, 6 miles branches to
Athens, Nelson ville, etc, 73 miles; leases Wellston & Jackson Belt
&
RR.—
.
;
RAILWAY STOCKS AND BONDS.
1638
MAP OF THE
GULP & SHIP ISLAND
RAILROAD
AND
ITS CONNECTIONS.
utht of the
issippi liicer
Vol. lxxviii.
.
.
1
,
.
RAILWAY STOCKS AND BONDS.
Apr.. 1904.]
RAILROADS.
Miles
For explanation of oolunin headings, 4c, see
on first page of tables.
note 8
Date
Size, or
of
of
Par
Amount
Outstanding
Road. Beads Value.
1639
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Payable
Whom.
Cent.
Bonds— ITinolpal.When Due.
byi Stocks— Last
Dividend.
I
1
Hock F.(0on.)K.&H.C.*!C.l8tM.g.,gu.red.H0 aril
1901 $1,000
1902
1,000
Com. Coal 1st M.,$^5OO 000,g.gu.sf.'06,red.ll0af.'12S
1900-1 Various
Equip, notes, payable monthly
1902
1.000
Oar trusts, gold, $80,000 semi-annually. S
100
Hooiac Tunnel dt Wilmington Stock
25 1892
1,000
1st mortgage. $250,000, gold.
192 1893
1,000
Eoust. E. dt W. Texas— J gu. p. & 1. by So. P. Cii.-C
192 1893
1,000
1st mortgage, gold.. ( not guaranteed
75 1870
Rousl.dk Tex. O.RR.—State of Tex. pr. Hen 1st 75 m.
453 1890
1,000
1st M.l.gr.g.red.llO,lnt.gu. $2,783,000 pd.Ceo*<fer
453 1890
1,000
Con. M., 1. g., g., red. at 110, int. guar.iF.o*<fcr.
Gen. M..goid,lnt.guar.,end.,$8,00o pald.ITIpo-&r 453 1890
1,000
58 1900
1.000
Waco 4 N.W.Div., 1st M.,g.,$25,000 p.m.Ce.o**r
Austin & Northwest., 1st M.,g., jru.p.41.mp.o*<fcr 103 1891
1,000
41
1895
Ft. Worth 4 New Orl., 1st M. (Wax. to Ft. W.).
1,000
12
1881
1,000
C.Tex.4 N.W., 1st M.. gu. 8. Pao. (Gar. to Wax.)F
64
Huntingdon rf Broad Top Common stock
50
64
50
Preferred stock, 7 per cent, non-cumulative...
64 1854
500
1st M., extended In 1890 (int. only In goldj.-OP
64 1857
500
2dM., old 7s, extended In 1895. p. 41., g.)...«;P
64 1865
1,000
3d mortgage, oonsol., ext. In gold In 1895.«iP.o*
1896
Consol. oar trust, $68,000 due Oct. 1 yearly
1.000
1899
14th ser. oar trust, $29,000 yearly Deo. l.PeP..
1,000
16 1893
Iberia dt Vermilion— lBt mortgage
Illinois Central— Stock, $95.040,000
"ib'6
100
Leased line 4 per cent stock, guar, (see remarks.)
1875
£200
Sterling bds. old 6s ext. In 1895
1st mort. of f
1875
£200
Sterling bonds, due 1905
1874 for 4s of 1886, due 1951, gold....c*
1,000
706 ^ 1886
$15,000,000 3iflSOfl886.duel951,g...o*4r
18*6
1,000
secures all Ss
1895
of 1895. due 1951, gold.o*4r
£200
equally. Us
1903 1,000,4c
S'ssof 1903, due 1951. g...c*&r
>
—
OB
.
—
'
McArthur Junction
to Jaokson, 18 miles; total, 347 m.; 2d track,
In Oct., 1902, acquired ail the securities of ZanesvHle & Western Ry.. Columbus to bhawnee and Zanesvllle, O., with branches, a
total of 126 miles, of which about 40 miles is held under lease or
traokage rights. V. 75, p. 906.
History, 4c— Successor on Feb. 25, 1899, per plan in V. 68, p. 281,
to the Columbus Hook. Valley 4 Toledo Ry., sold under foreclosure
Feb. 24, 1899. V. 68, p. 231, 379. The coal lands, from which the bulk
of the company's business is derived, aggregate about 20,975 acres, and
are covered by the new consol. mortgage. In Dec, 1899, acquired
control of the Toledo 4 Ohio Central Ry.. by purchase of entire Issue of
$8,421,000 Middle States Construction Co. collateral 3s, which are
secured bv deposit of the entire stock of the Tol. 4 Ohio Cent. Ry.,
except $54,100 common and $11,600 preferred (See V. 69. p. 1345),
but that road is operated separately. See Stock below.
Stock.—The preferred stock is subject to call at par. As to sale
of block of common stook, see below.
Sale of Stock, ETC.-In June, 1903, $6,924,200 of the outstanding
$11,000,000 common stock, which had been deposited with J. P.
Morgan (V. 75, p. 1301), was sold to five railroad companies, viz.: The
P. Cin. Chic. 4 St. L. (two-sixths interest) and Bait.
Ohio, Ches.
Ohio, Lake 8h. 4 M. South, and Erie (each one-sixth), the owners re
celving $103 per share above all expenses. There were Issued by J.
P. Morgan &Co. $7,270,410 three-year 5% gold "participation certificates," due June 28, 1906, int. payable J.4D.28, secured by the stock
acquired. The companies are obligated in the proportions named.
V. 75, p. 1301; V. 77. p. 36, 1225; and form of cert., V. 77, p. 1874.
Dividends.— On pref.,1900, 3*2 p.c; 1901 to Jan., 1904, incl 4p. c.
per annum. On com. July, 1901, to Jan., 1904, incl. 3 p. o. per annum,
Bonds.— The consols ($20,000,000 authorized) besides a lien on the
entire property, subject only to $5,832,000 prior bonds, have a first
lien on all the coal lands $5,832,000 consols are reserved to retire
the existing bonds (these existing bonds, however, may be extended at maturity) and $5,645,000 for the acquisition of new property
and betterments, of which $4,438,000 sold in 1899-1904. V. 72, p. 338;
V. 74, p. 1038; V. 76, p. 1192; V. 78, p. 989. Substantially all of the
bonds and stock of the Ohio Land 4 Ry. Co. and the Wellston 4 Jaokson Belt Ry., 18 miles, are deposited under said mortgage. Description
of bonds in V. 68, p. 823. Guarantees Kanawha
Hocking Coal 4 Coke
Co. bonds. 8ee V. 74, p. 271; V. 77, p. 2393; also Continental Coal Co.
bonds. V. 75, p. 497, 987. The car trusts of 1902 cover 3,020 forty-ton
gondola oars. V. 74, p. 1196; V. 75, p. 741.
Latest Earnings.— For 8 months ending Feb. 29:
Oross.
8 mos.—
Net.
Oth. inc.
Charges.
Balance.
1903 4
$4,019,110 $1,342,702 $348,640
$662,952 $1,028,390
1902-3
3,789,920 1,305,363
417,052
676,588
1.045.827
Ry..
25 m.
&
&
,
&
Annual Report.—Traffic is mostly
and over 60 p. o. of this is
large—in 1903, 622 tons.
freight,
bituminous coal. Average train-load is
Report for year ending June 30, 1903, was given at length in V.
77, p. 764, 777; see also editorial, p. 732.
1902-03.
Gross earnings
$6,049,698
Operating expenses and taxes 3,838,526
1901-02.
$5,316,523
3,229,331
1900-01.
$4,653,258
2,785,286
Net earnings from
Otherincome
686,861
$2,087,192
504,549
$1,807,972
474,084
$2,898,033
1,093,935
(4)560,000
(3)321,324
$2,591,741
$989,368
(4)560,000
(3)312,648
$2,342,056
$987,879
(4)560,000
(1*2)156,324
$922,774
$729,725
$637,853
oper'n.. $2,211,172
Total available income
Fixed charges
Dividends on pi ef erred
Dividends on common
Balance, year's surplus....
Officers.— President, N. Monsarrat, Columbus; Sec. and Treas., W.
N. Cott, Columbus; Ass't Sec. and Treas., A. H. Gillard, New York.
Directors—Charles B. Alexander, Robert Bacon, R. M. Gallaway, Thomas F.
Ryan and jCharles Steele, New York; Ralph W. Hlckox, Charles G. Hickox
and James H. Hoyt, Cleveland; P. W. Huntintrton N. Monsarrat, W. F. Good
-
speed, R. S. Warner and William N. Cott, Columbnn, O.
-(V. 77, p. 7H4, 77T, 1225, 1874, 2390; V. 78, p. 102, 702, 989.)
&.
Gauge.—
Owns road from Hoosao Tunnel, Mass., to Wilmington, Vt», 25 miles.
Bills payable June 30, 1903, $24,986. Earnings for year 1902-03,
fross, $66,281; net, $19,264; charges, $13,474; dividends (2 p. c),
5,000. Divs. in 1896, 1 p. c; In 1897 to 1903, Inclusive, 2 p. o. yearly.
Hoosac Tunnel
Wilmington RK,-Narrow
Houston Eaut A West Texas Ry.— Owns
from Houston, Texas
to Sabine River at Logansport, 191 miles, where it connect* with the
Houston 4 Shreveport RR., Logansport to Shreveport, 39 miles. Reorganized in 1896 without foieclosure. Bond issue limited to $3,000,000. Stock $1,920,000, of which $1,905,000 was owned by So. Pac. Co.
Dj 1903 the Rock Island Co. arranged to acquire a half interest in the
stook. V. 76, p. 1084, 1407; V. 77, p. 823. In 1902-3 a dividend of 16
was paid from moneys received from the reorganization committee In adjustment of accounts. The Southern Pacific Company has
p. o.
guaranteed $2,199,000 of the Donds, principal and Interest, by endorsement, reserving the right to redeem the bonds at 105 and interest at
anytime on six months' notice; guaranty. V. 70, p. 841; see also V.
71, p. 236. For year 1902-03, gross, $897,136; net, $13,948; other
income, $8,559; charges, $166,866; oal., def., $144,359— (V. 76, p
1084. 1407.)
$3,000,000
2,750.000
1,015,088
4 ^g
1,280,000
250,000 2 In 1903
250,000
e
E
2.199,000
5 g.
801,000
See text.
6
5,267,000
5 g.
2,616,000
6 g.
4 g.
4,287,000
1,105,000
6g.
1,920,000
g
709.000
S
180,000
6
1,371,750 See text.
2,000,000 7 In 1903
416,000
4g.
367,500
i g
1.497,000
e
204,000
i
4
234,000
322-.000
5
95,040,000 6 In 1903
4
10,000,000
2,500,000
i g
1.000,000
1,500,000
4 g.
3*2 g.
2.499,000
5&«
'
-
£500,000
3 g.
3^
3.000.000
g.
J.
F.
4
4
J.
A.
Various
M. 4 N.
Deo. 31.
M. 4 8
M. 4 N.
M. 4 N.
.T.
A.
A.
4
4
4
N.Y..J.P.
Morgan & Co. July
do
do
1,
1951
Feb. 1, 1952
N.¥\,J. F. Morgan 4 Co.lTo July. 1908
!Nov'04-M't'12
Wilmington, Vt.
Deo. 31. '03, 2%
Bost.,01d Colony Tr.Co.. Sept. 1, 1922
N. Y., 120 Broadway. May 1, 1938
,
do
do
Houston, Texas.
J. N. Y., Central Trust Co
do
do
O.
do
do
O.
N. N. Y., Cent. Trust Co.
do
J.
do
May
1,
1983
Annually.
July 1, 1937
1912
1921
May
1980
July
1941
Deo. 31, 1925
Oct. 1, 1911
Oct.
Apr.
1,
1,
1,
1,
4
4
4 J.
A. 4 O. N. Y., 120 Broadway.
J. & J. Phil.Of.,4th4Walnutfc)t. Jan. 28. '04,
do
Jan.28,'04,3ia
do
J. 4 J.
do
A. 4 O.
do
Sept. 30, 1920
do
Feb. 1, 1925
F. 4 A.
do
do
do
Moh. 31, 1925
A. 4 O.
A. 4 O. Pnila.,Merchant8'Tru8tlOot.l,'04-1906
Penn. Co. for Ins., 4c. To Deo. 1, '11
J. 4 D
Aug 1943
F. 4 A. N.Y.,So.Pao.Co. 120 B'y
M. 4 S. N.Y.,135B'way4Lon Mar. 1, '04, 3%
do
do
Jan., 1904, 2%
J. 4 J.
Apr. 1, 1951
London.
A. 4 O.
J. 4 D London, MortonX!. 4 Co. Deo. 1, 1905
J. 4 J. New York, 135 B'dway. Jan. 1, 1951
do
do
Jan. 1, 1951
J. 4 J.
London.
Mar. 1, 1951
M. 4 R
Apr. 1, 1951
A. 4 O. New York & London
M.
J.
J.
,
&
Houston
Texas Central llaUroad.—f See Map of Southern
Pacific)— Owns from Houston, Texas, to Denlson, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin. 215 miles; Bremond to
Ross. Tex.. 54 miles Garrett to Fort Worth, 53 miles; other branches,
30 miles, total owned, 690 miles.
History.—Successor April 11, 1893, to a railway company foreclosed Sept. 8, 1888. Reorganization plan V. 45, p. 792, 820. On Aug.
22, 1901, various controlled lines were merged, including the Austin 4
Northwestern, an extension of which from Burnett to Lampasas, 23
miles, was completed Nov., 1902. V. 72, p. 480, 821; V. 73, p. 137.
494. Litigation, see V. 74, p. 680. In 1903 Rock Island Co proposed
to acquire a half interest in the stock. V. 76, p. 331, 1407; V. 77, p. 823;
V. 78, p. 1392.
Bonds.—The bonds are being gradually reduced with proceeds of
land sales. The first mortgage was for $8,634,000, of which $570,000
reserved against claim of State of Texas upon 75 miles of the road.
The So. Pao. Co. guarantees Interest on all bonds. The first mortgag*
bonds and the consolidated mortgage bonds may be oalled for redemption at 110 with proceeds of land sales. See full abstracts of all the
mortgages In V. 52, p. 242. Of the$5,068,000oonsolldated 6s authorized
$1,149,000 (not included in the amount outstanding above) are held as
part security for the general 4s. There were also June 30, 1903, $425,000 Lampasas extension interim 5s, all owned by So. Pac. Co. Stock,
$10,000,000. of which the So. Paoitio Co. owned $9,996,000; par, $100.
In 1902 3 a dividend of 6 p. c. was paid
V. 76, p. 1084, 1192, 1407.
out of accumulated surplus. V. 76, p. 1407. As to school fund claim
for $673,100, see V. 64. p. 1137 ; V. 66, p. 471; V. 70, p. 686.
Lands.—The lands June 30, 1903, held for cancellation of 1st and,
consol. mortgage bonds, consisted of 2,365.159 acres; land contracts;
outstanding were $1,117,689. V. 65, p. 869.
Latest Earns.— 7 mos. > 1903-4
Gross, $3,461,608; net, $993,640
July 1 to Jan. 31.
$1902-3
Gross, 3,358,251; net, 1,218,521
In year 1902-03, gross, $5,285,894; net, $1,287,165; other income,
$33,229; total charges. $984,283; balance, surplus, $336,112. In
1901-02, gross, $5,156,171; net, $1,538,291.— (V.78, p. 583,1392.)
Hudson &. Manhattan
To construct a double-tube tunnel
to be used by trolleys,under the Hudson River from the Pennsylvania
RR. station, Jersey City, to terminal station covering two blocks west
RR.—
Church St., between Cortlandt and Fultou Sts., New York.
Franchises in New York have been granted. Terminal facilities in
Jersey City will be afforded by Penn. RR., whose traffic for down-town
section of Now York will be handled. Official statement, V. 78, p. 102.
Incorporated in March, 1903. V. 76, p. 705, 752. Stock authorized,
83,000,COd. Directors, Jan., 1904, V. 78, p. 102. President. W. G.
MoAdoo; Vice-President. W. G Oakman; Treasurer, H. A. Murray;
Secretary, C. W. Klng.-(V. 77, p. 2338; V, 78, p. 102.)
Huntingdon &. Rroad Top int. RR. Coal Co.— Owns from
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branches, 19 miles.
side of
&
Drv.—
'92 '93. 94. '95. '96. '97. '98
'99 '00. '01.
4ia 4
On com. 4
5
1
5
5ifl 7
On pref. 7 7 7 7 7
6
5
Annual Report.— Report for 1903 was given
Oross.
1903
1902
-(V. 76,
Net.
Interest.
'02.
6
5
in V. 78,
Dividends.
03.
1904
5 Jan., 1
7 Jan.,
3^
1383.
Balance.
sur.$57.282
.
$208,587
120,000 sur. 119,416
p. 158, 331,916; V. 77, p. 146; V. 78, p. 229.583, 1388.)
Iberia & Vermilion RR.— Salt Mine Jet. to Abbeville, La., 16
miles. Stock, $300,000, of which $298,500 owned by Morgan's Louisiana 4 Texas RR. 4 Steamship Co. (So. Pac. system). Year 1902-03,
8T0S8. $72,290; net. $40,278; other income, $3,786; int., taxes, etc.,
$3,786; bal., sur., $27,024
Illinois Central RR.— (£e« Map.)— Road.— Operates from Chicago,
111., southerly to New Orleans, La., 912 miles, and westerly to Sioux
City, la., 509 miles, with numerous branohes. viz. (flwhioh see)
Road owned in fee
Miles
Miles.
Chicago to Cairo, 111.
RR.
Main 706 Evansv. Line (Ohio Val.Miss. 139
Centralla, 111., to East-,
100
Mem., Ten., to Grenada,
8tem
Dubuque, la
Yazoo & Mississippi Val. RR.
(
Dubuque & Sioux City IT
730
Memphis toN. O. and brs.. .1,162
Switz City to Efflngh'm, 111..
v 39
88 St. Louis Alton 4 Terre H . .
Springfield to E. St. Louis,
Entire stock owned.
111.
(V. 71, p. 547)
709
98 Branches
Acquired— Oct., 1901,
Leased.
Peoria, 111., to Evansville,
80
Chicago 4 Texas (Sept.'97) .
Ind., with 6 m. branch (V.
Total system June 30,1903 5,463
73, p. 391, 665)
251
Leased. — Control owned.
Of which earns, kept separate—
Chicago St. L. & N. O. RR.
1,162
Yazoo 4 Miss. Vail. RR
Cairo, 111., to New Orleans. 547
Line to Louisville, etc
Total Included In earns.
?
614
4,301
(C. O. & 8. W. 4 br'ches)..
July 1, 1903
Branch Paducah, Ky., to Cairo, 35 miles, was epened In Auk., 1903.
The stockholders voted on Oct. 16, 1901, to acquire the former
Peoria Decatur & Evansville Ry., Peoria, 111., to Evansville, Ind., 244
miles, previously operated b v IllinoisCent. as agent, with 6-mile branch,
the oost to be represented by a new bond issue. V. 73, p. 391, 665.
In Jan., 1902, obtained control of the Omaha B. & Terminal Ry.
V. 74, p. 151. In Feb., 1902, purchased the Cecilia branch, 46 miles,
formerly leased. V. 74, p. 326. The stockholders voted on flov. 14,
1903, to purchase certain roads in Illinois. V. 77, p. 1746.
$934,532 $372,058
860,246
345,606
$106,190
106,190
-
.
.
<,
1640
KAIL WAY STOCKS
AND BONDS.
[Vol. lxxviii.
Apr., 1904.
RAILWAY STOCKS AND BONDS.
J
RAILROADS.
Miles
Date
Size,
or
of
of
Par
For explanation of column headings, &e., see notes
Road Bonds Value
on first page of tables.
Illinois Central
Outstanding
.tsoiuts-fTiamINTEREST OR DIVIDENDS.
-ipal.WhenDue.
Rate Per When Where Payable, and by Stocks— Last
.
,
111
131
857
|
798
218
239
553
567
567
567
100
130
98
Consol. M. ($18,000,000), gold, int. guar.o*<fer
{Do guar. p. & 1
Memphis Div. lstM.,g.,gu. p. <fe 1. (end.). Us. o*
Omaha Div., 1st M., g., $5,000,000. Us
0*
Litchfield Div., 1st M., g. $4,000,000.F
Underlying St. Louis Div. <£ Terminal bonds.
St. Louis Alton & T. H.—
17
Bellev.A Carondelet, lstM.,Belle.toE.C.,gold.o*
51
BeUev. & El Dor., 1st M. (I.C.owns $100,000)0*
ITIe.o*
30
St. Louis Southern. 1 st mort. gold
17
Carbondale & Shawneetown 1st M., gold. .o*
Iowa Falls & Sioux City— See statement of Dub uque
89
Illinois Southern—1st mort., gold, $2,000,000.EC.
Indiana Illinois <& Iowa— Stock, $6.000,000
o*
203
1st mortgage, gold, $12,000,000, gold.lC
$
,
,
.
1886
*200 $6,266,000
1897 $1,000
2,000,000
1881
1,000
968,000
1HKS 500 &o. 15,000,000
1892
1,000
3,000.000
1892 500 &o. 25,000,000
1894
1,000
5,425,000
S 1897 500 Ac.
8,377,000
$1897 1.000
4,997,525
1897 500 Ac 21,788,000
1877
80,0*0
1881
1,000 all,289,000
1897
1,000
1,359,000
1889
1,000
3,500,000
1900 l,COOAo
5,000.000
1900
1,000
3,148,000
1883
1880
1886
1887
&
I
1,000
1,000
1,000
1,000
Siou x City.
1,000
1901
100
1900
1,000
470,000
88,000
538,000
241,000
3i«
3^g.
J.
J.
5
F.
g.
4g. A.
4g. J.
4g- M.
4 g.
3^g.
3
g.
F.
J.
J.
3i* g.
6
J.
&
A
A
A
A
A
&
A
A
A
A
J.
J.
A.
O.
D.
N.
A.
J.
J.
J.
D.
5g. J/yAD/j
3 lag.
J/jAD/j
4
J.
g.
F.
2 g J.
3 g.
-
?«
J.
J.
4g- M.
4g- M.
&
A
&
D.
A.
A
A
&
A
A
D.
J.
J.
8.
S.
entitled to his share of the stockpledged. (V. 65, p.1071.)
Early in 1901 the stock was inoreased from $60,000,000 to $66,000,000, in Nov., 1901, to $79,200,000, and In Aug., 1902, was further inoreased to $95,040,000. to provide additional equipment and faciliSee V. 71, p 1066; V. 72, p. 241, 282; V. 73, p. 82.138, 666; V.
ties.
74, p. 1308 V. 75, p. 77, 498. Of the stock 78 per cent was in Oot.,
1903, held in America, $8,000,000 of this being owned by the Railroad
Securities Co. See that company in this Section. V. 71, p. 698, 779.
Drvis. 1 1886. '87. '88. '89. '90. '91 to '99. 1900. 1901 to Mar., 19045 y'rly.
Com. stk. S 7ifi% 7
7 5*3 6
5^
6 yearly
stockholder
is
;
Bonds.— Main Line $15,000,000 mortgage of 1874 covers property
described in V. 63, p. 76. The $3,100,000 first mortgage sterling 5s,
which matured April 1, 1903, were refunded into 3*28, the latter
retaining their first mortgage lien on the main line. V. 76, p. 654.
Cairo bridge bonds are secured by deposit of a like amount of Chioago
The rental for the
St. Louis & New Orleans 1st M. Cairo Bridge 5s.
bridge is $180,000 in gold annually, of which $30,000 goes to a contingent and sinking fund till 1902, then $20,000 to regular sinking
fund. See adv. in Chronicbe, May 7, 1892.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago
8t. L. & N. O. consols of '81, and are to be included in any new mortg.
The collateral trust bonds of 1952 are secured by pledge with the U. S
Trust Co. of New York of $16,350,000 5 per oent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are seoured by pledge
of the securities of the Louisv. N. O. & Texas (now Yazoo & Mississippi
Valley RR.), including all the $16,900,000 1st mortgage bonds, except
$68,000, all the $9,104,000 mortgage incomes and all but $96,000 of
the $1 0,000,000 land grant income bonds. See adv. In Chronicle, June
11, 1892, and V. 54, p. 964 ; V. 61, p. 112.
For the Chicago St. Louis <£ Sew Orleans the lessee guarantees the
frlncipal and interest of all the outstanding bonds prior to the 5s of
881, and by an endorsement on the latter bonds guarantees the
payment of the interest on the same until the principal is paid. Of
these consol. 5s $5,266,000 additional to the amount outstanding above
are pleged as security for the 111. Central trust bonds of 1886. The 3^8
of 1897 areguar,, p. A i., by endorsement— see guaranty, V. 65, p. 1071.
The Western Lines loan of 1894 is for $10,000,000, but $4,575,000
bonds can be issued only when the road from Iowa Falls to Sioux City,
184 miles, now subject to $2,800,000 of Iowa Falls & Sioux City bonds
(see Dubuque & Sioux City RR.) due in 1917, shall be transferred to
the trustee without encumbrance. See Supplement of Jan., 1899.
The St. Louis Division <& Terminal bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were Issuable for improvements, equipment, etc., and $1,499,000 are
held to retire $1,400,000 underlying bonds still outstanding on the St.
Louis Alton & T. H. system; see table above. See abstract of mortgage In V. 66, p. 138. See also V. 66, p. 133; V. 71. p. 546.
Louisville Division £ Terminal mort. is for $25,000,000; of the bonds
81,112,000 are reserved to purchase the 46 miles (Cecilia branch) from
Louisville & Nashville and to retire the L. A N. bonds thereon; $2,500,000 for new additions or extensions. Chicago 8t. Louis & New
Orleans took title to the Louisville Division and loins in making mortgage. See V. 66, p. 1 36, for abstract; also 8upp. of Jan., 1899. V.
65,p.367,516; V.66, p. 133; V. 67 p. 581; V. 75, p. 671.
The Omaha Division mortgage covers the former Ft. Dodge & Omaha
RR., Tara to Council Bluffs, la., 131 miles. V. 71, p 547.
Of the $4,000,000 Litchfield Division bonds, $1,000,000 were reserved
for improvements, etc. V. 71, p. 547, 646.
The stockholders on Oct. 21, 1903, authorized a mortgage to seoure
$20,000,000 of 4 p. o. gold bonds co replace the securities of 13 minor
companies purchased during the last two years, the bonds so far as Issued at present to remain in the treasury. V. 77, p. 1294.
General Finances.— Da 1902 the stock was Increased to $95,040,000. See paragraph headed "Capital Stock" above.
During 1903-4 the remainder (*8 miles) of main line between New
Orleans and Chicago will be double- tracked. V. 76, p. 48; V. 77, p. 839.
EARNINGS.-8 mos., $ 1903-4 ... Gross, $31,391,309; net, $8,179,934
July 1 to Feb. 29. J 1902-3
Gross, 29,300,131; net, 8,846,107
Annual Report.—Fiscal year ends June 30. Annual meeting is held
Chicago the third Wednesday in October. Report for 1902-03 was
•ttblished at length in V. 77, p. 820, 838. See also editorial, p. 800.
The following does not include Yazoo & Mississippi Valley.
Year ending June 30—
1901.
1903.
1902.
Miles operated
4,301
4,265
4,284
Passenger earnings
$8,977,228
$7,327,742
$8,020,649
Frelgnt earnings
24,876,339
30,592,094
27,710,782
Mall, express & miscellaneous.
4,69 6.379
5,616,754
5,089,599
Total earnings
$45,186,077 $40,821,030 $367900,460
Operating expenses
25,841,792
31,697,956
28,014,34
Netearnings
$13,488,121
$12,806,690
$11,058,668
Dividends.
London, Baring Bros.
1950
1951
Aug.
1921
Apr.
1952
Deo.
1950
Nov.
1953
Aug.
1951
July
1951
July
1951
July
1953
Deo.
1907
June 15, 1951
June 15,1951
Deo. 1, 1951
Aug. 1, 1951
Jan. 1, 1951
July
New York, 135 B'dway.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
do
do
do
do
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
June
1,
1,
Sept. 1,
Moh. 1,
July
1923
1910
1931
193S
O. Equitable Tr. Co., Chic. Oct. 1, 1951
1,025,000
4 g. A.
5,000,000 4 in 1903 See text Treas., Gr. Cent. Stat'n. Feb. 1, '04, 2%
July 1, 1950
do
do
4,850,000
4 g. J. & J.
In addition $5,266,000 consol. 5a are pledged to sec ure IU inois Oe ntral collate ral trust bonds
Illinois Central Kit.— (Concluded).
History, Leases, &c—Chartered In December, 1850. The company
pays to the State of Illinois 7 per oent (in 1903 $1,026,650) of gross
of the 706 miles owned in fee yearly in lieu of taxes. The Chioago St. L.
AN. O. Is leased for 400 years from July 1,1882, at 4per cent per annum
on its $10,000,000 stock deposited to secure the leased line stock.
Capital Stock.—The leased line stock is seoured by deposit of
$10,000,000 Chicago St. Louis & New Orleans stock, and in oase of
default for sixty days on any semi-annual dividend of 2 per oent, the
Whom.
Payable
Cent.
— (Concluded)—
Trust bonds sterl. (sec by Ch. 8t. L. &N.O. cons. ) Us
1st M.,8p.Dlv. ref. m., (V.66, p. 1237) g.Us.xo*&r
1st M., Middle Div.,Otto to Norman Juno. Abrs.r
Uso*&r
Collateral trust bonds, gold, $
Cairo Bridge bonds, gold see remarks).. Us. o*<fer
Col. trust, $25,000,000, g., on L. N.O.& T.Us.c*<fcr
o*4r
Western lines, IstM., g.Us
St. L. Div. & Term 1 M., $10,000,000, g. Us. xo"<fcr
Do $5,000,000(8eeV.65,p.ll73),g.,Us.x.o*<fer
Louisv. Div. & Term. M.,$25,000,000,g.U».xo' <fcr
Chioago St. Louis & New Orleans, 2d mortgage..
a
Amount
1G4I
of 1886.
1902.
1903.
1901.
Net reo'pts from Interest, Ao... $3,445,318
$2,476,575
$3,535,109
16,679
28,6 08
Miscellaneous
15,830
Total reoeipts
$16,949,269 $16,358,496 $"13,563,851
Deduct—
Interest on
111. Central b'ds.... $2,999,740
$2,930,925
$3,015,365
Int.onChi.8t.L.AN.O.b'ds.... 2,416,653
2,413,251
2,421,090
Rental Dub. & Sioux C. RR
533,913
96,366
505,161
Net rental St. L. A. & T.
507,525
507,525
507,525
*452,738
Miscellaneous
199,593
126,732
Divld'ds on IU. Central stock.. ( 6) 5,702,400 ( 6)4,752, 000 ( 6)3,780,000
Balance, surplus
$5,076,992 1T$5,038,462 fl$2,937,660
•Includes $250,000 pension fund, $145,238 rent of Peoria div., etc.
ff Lnoludes $4,881,253 betterments in 1902-3 (against $4,340,172 In
1901-2), and $654,329 accrued Interest on bonds payable after July 1.
Yazoo & Mississippi Valley.—Results on 1,162 miles in 1902-3;
1,095 miles In 1901-2. 8ee report at length, V. 77, p. 691, 712
edit.,
p. 667. Ln Jan., 1903, $569,574 was paid for back taxes. V. 77, p. 713
Fear—
Gross.
Net.
Other inc. Interest, etc. Sal., sur.
1902-03. ...$7,330,085 $1,656,925 $39,792 $1,136,111
$560,606
1901-02.... 6,587,355
1,882,419
47,752
1,064,417
865,754
Surplus in 1901-02 as above, $865,754, all paid Sept. 1, 1902, to 111.
Cent, as owner of entire $9,104,000 Louisv. New Orl. & Tex. 2d mort.
Income bonds on account of arrears of Interest ($4,685,235) on July
1, 1903; $1,016,079 paid from earnings of 1900-01.
Officers.— President, Stuyvesant Fish; Treas., E. T. H. Gibson; 3d
Vice Pres. and Sec, A. G. Haokstaff. 135 Broadway, N. Y.
Directors.— Walther Luttgen, John W. Auchincloss, J. T. Harahan Charles M.
Beach, Cornelias Vanderbilt, Stuyvesant Fish, Edward H. Harrlman, John
Jacob Aitor. Charles A. Peabody, Jobn C. Welling, W. Morton Grinnell, R. W.
Goelet, and ex officio. Hon. Hichard Yates, Gov. of Illinois.
- (V. 77, p. 1294, 1746, 2098, 2280; V. 78, p. 989, 1497.)
Illinois Southern Ry.— Owns Chester 111., to Salem, 111., 84 m.,
and Sparta to Rosborough, 5 m.; Little Rock Landing to Bismarck, 43
miles, completed Aug., 1903; traokage, Centralia to Branch Jot., 3 m.;
total, 135 m. Successor June 1, 1900, of the Centralia & Chester
RR., foreclosed. V. 70, p. 1048; V. 71, p. 29. Stock authorized, $5,000,000, including $1,000,000 6 p. o. cumulative preferred. The stockholders in 1903 authorized a mortgage to seoure $5,000,000 50-year 4
p. c. bonds to pay for the Southern Missouri Ry., 43 miles, and provide
for extensions, improvements, funding, etc
V. 77, p 451.
For year ending June 30, 1903, gross, $147,598; net. $10,276; int.
and taxes, $37,828; bal., def., $27,552. President, J. W. Walsh;
Treasurer. A. F. Williams Sec. and Auditor, O. F. Weinland. Grand
Central Station, Chioago, 111.— (V. 75, p. 549; V. 77, p. 451; V. 78, p.
H
;
;
1223.)
Indiana Decatur A. Western Ry.—See Cin. Ind. & West.
Indiana Illinois & Iowa RR.— Owns from South Bend, Ind.,
to 8eatonville, LU., 192 miles, with branches, 13 miles; trackage Seatonvilleto Zearing, 9 miles; leased for 50 years from Feb. 23, 1900, the St.
Joseph South Bend & Southern RR., South Bend, Lid., to St. Joseph,
Mich., 39 m.; total, 253 miles. Lake Shore
Michigan Southern in Deo.,
1903, owned $4,870,500 of the $5,000,000 stock. V. 74, p. 41.
Dividends.— Oct., 1899, to Jan., 1902, inclusive. 1 p. o. quarterly;
July (semi-annual), 2 p. o; 1903. 4 p. o. (J.
J ); 1904, Feb., 2 p. o.
Bonds.— Of the $12,000,000 lst4s of 1901, $7,500,000 were issuable
only for new property and Improvements; of these, $350,000 were
issued in 1902 for new equipment, side tracks, etc. V. 71, p. 1269; V.
72, p. 87, 722; V. 74, p. 1251.
EARNTHQg.— 8 months, ) 1903-4.... Gross, $1,038,081 net, $204,64o
July 1 to Feb. 29.
$ 1902 3.... Gross,
1,159,776 net. 319,130
Surplus over oharges. $61,978, against sur., $176,463 In 1902 3.
Earnings.— Report foryearend. June 30. 1903, was in V. 77, p. 2034,
showing gross, $1,747,802; net, $482,133; interest, rentals, etc.,
$414,134; dividends (4 p. c), $200,000; balance, surplus for year, $67.999. In 1901-2, gross, $1,700,817; net, $475,399— (V. 77, p. 2034.)
&
&
;
;
Indianapolis Southern Ry.— Projected from
Indianapolis.
Ind.. south via
Bloomington, through ooal. Iron and stone lands, to
Sullivan on the Evansville & Terre Haute, 110 miles, with branches,
miles. Contracts have been let, the first seotion from Indianapolis
4
to Bloomington, 53 miles, to be completed in the summer of 1904.
V. 77, p. 510. Stock. $2,000,000, all of one class. Bonds ($5,000,000
authorized) are subject to call at 110 at end of any 10-year period.
Pres., David M. Parry; Secretary and Treasurer, W. E. Stevensonboth of Indianapolis.— (V. 77, p. 510).
Indianapolis Union Ry.—Owns 3 miles of track, -93 of a mile
of road, with terminals at Indianapolis, Dad., and leases for 999 years
the Belt RR. of Indianapolis— 1213 miles (which see)
Formed
1850 and rurnisnes terminal facilities to the several
m
railroads entering Indianapolis. Capital— The Cleveland Cincinnati
Chicago & 8t. Louis, the Pittsburg Cincinnati Chicago A 8t. Louis and
the Terre Haute & Indianapolis are virtual proprietors, they having invested in it $861,817 to June 30, 1902. No stock outstanding.
Earnings 1902-03, gross, $762,603; net, $255,503; other income,
$5,986; total deductions, $181,559; balance, surplus, $79,930.
Indianapolis Vlncennes
Owns from Indianapolis, Ind.
to Vlncennes, 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
&
RR.—
1642
RAILWAY STOCKS AND BONDS.
[Vol. lxxviii.
ILLINOIS CENTRAL
SYSTEM.
—
)
;
.
.
1
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
,
1643
RAILROADS.
For
Bonds—PrinciINTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount Rate perl When Where Payable, and
column headings, &c, see notes of
of
Par
by Stocks— Last
on first page of tables.
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
Dividend.
explanation of
Inddanap. South.— 1st M., red. 110 test,g.Usm.c*&r
tndianapolis TTn.—lat M., g., s. f. not callable. FPo*
93
Indianapolis <6 Vincennes— 1st M., gu. p.
1. (end.)c
133
Interborough Rapid Transit—Stook, $35,000,000.
international <t Great Northern 1st mort., gold
l,i08
2d mortgage, gold.
o* 1,108
3d M. ($3,000,000) (fonn'ly inc),g.inol.8oripITIe.o" 1,108
Colorado Bridge bonds, sinking fund F
Interoceanic Ry. of Mexico Ord. ehs., £1,700,000.
Preferred shares, 7 per cent, onm., £1,000,000
Pr. lien deb., snbl. to call at par aft. Mch. 1, '97.
Four p. o. deb. stook, sub. oall, par, £1,150,000.
Deb. stock, 7% "B," subj. to oall, 120, non-oum..
Seoond deb. stook, red. at 105 after 1911, text.
Kex. E. deb. stk., £450,000, guar., red. 105 beg.'14
Iowa Cent.— Common stook, $11,000,000 auth
Preferred stock, $7,400,000, 5 p. c, non-oum
503
1st M. for $7,650,000, g.(abstr.,V.49,p.582)irie.o*
Refund'g M., $25,000,000, g. See text.OTo..o*«fcr 541
Jacksonville <£ St. Louis—Stock Trust Certificates
"54
Jaoksonv. Southeast. 1st M., Jaok. to Litchfield..
112
1st oonsol. mortgage, $650,000, gold .. ..PePo*
112
Inoome M, gold, non-cum., $1,650,000. .PeP
Jacksonville Ter.—lBt M., $500,000, g., gu.I?Ip..o*
21
1st M., $750.000.. N.o."
Jamestown Chant. <& L.
37
8
Jefferson— 1st & 2dMs,ext. In *87&'89 (H'dale Br.)o
1st M. Carbondale to 8. depot, g., gu. p. i.FP.o*
37
Joliet <£ Northern Indiana 1st M. gu. p. & i. M. C.o
45
Junction ( Philadelphia)— 1st m.,guar.p.&i.(ext'd). 362
General mortgage, gold, coupon, $750,000
362
<fe
—
F
.
—
1903
1886
1867
$1,000
1,000
1,000
100
1879 500 <feo
1881 500 <&c
1892 500 &o.
1880
1,000
£10
£10
£50 &o.
.
E—
<fc
—
H.anaw.<& Mich.— 1st M.$15,000 p.m.g.gu. p.&l.Ce.o*
164
Jiibo
£100
£100
100
100
1888
1901
1,000
1,000
1880
1896
1896
1894
1901
1867
1889
1877
1882
1900
1890
1,000
100
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
Securities.— Stook, $1,402,000; par, $50; of which Pennsylvania
Jan. 1, 1903, owned $1,401,900. The $1,400,000 guaranteed 2d 6s were purohased by Penn. RR. V. 72, p. 490.
Company on
rr end.Decji:
Gross.
Balance.
Interest, etc.
Net.
def. $133,111
$243,692
1903
$110,581
$694,571
def. 118,050
201,564
1902
83,514
770,214
-(V. 70, p. 739.)
I ntcr boron <ili Rapid Transit Co.— Incorporated on May 6,
1902, in New York, and acquired the stock of the Rapid Transit Sub-
way
Construction Co.
operate the rapid transit tunnel railroad InNew York City. This road is expected to be opened aboutSept.,
1904, as a four-track line from the City Hall (with the two-track
loop at that point), under new Elm St., Fourth and Park avenues, to
42d St., thence under 42d St. and Broadway to 103d St.; also as twotrack lines, partly viaduct, (a) from 103d St., on the West Side, to
Klngsbridge Station, (b) from 103d St. to the East Side and Bronx Park;
extension south from City Hall under Broadway to the Battery and
under the East River via Fulton
Flatbush avenues to Atlantic
Avenue, Brooklyn, there connecting with the Long Island RR., is
under con truotion, to be completed by 1906; total to be about 65
miles of traok on 25 miles of road. V. 77, p. 827.
Leases Manhattan Ry. for 999 years from Apr. 1, 1903. See that co.
Contracts.— Contract with city calls for the construction of the
road from City Hall north for $35,000,000 and its lease to the company for 50 years from completion, renewable for another 25
years, the rental to be equal to the interest on the city's bonds issued
for construction (but not for easements, etc) and a sinking fund of
1 p. c. yearly to retire the bonds, beginning 5 years after the road is
plaoed in operation, provided not less than 5 p. c. per annum is then
earned on the stock. The company must also at its own expense provide the eleotrical equipment, contracts for which will aggregate
$16,000,000. For contract see V. 69, p. 1063. The extension from City
Hall, Mauhattan, to Brooklyn, is to be built without aid from city except about $3,u00,000, and leased for 35 vears with privilege of renewal for 25 years. V. 75, p. 30, 184, 10«6, 1202. See V. 76, p. 101. As
to possible further extensions, see V. 77, p. 2338; V. 78, p. 342.
Stock.— Stock aut., $35,000,000; par of shares, $100. V. 75, p 1301.
Voting Trust.—The stock is neld in a voting trast for 5 years from
May 12, 1902, E. Mora Davison, B. Hamburger and Charles B. Ludlow being the voting trustees.
Earnings.— Estimated yearly earnings from operations of tunnel
road at the outstart are, gross, $7,500,000; net, $4,125,000; interest on
N. Y. City bonds, $1,295,000; bal., sur.. $2,830,000, or over 8 p. o. on
the stock. Balance sheet of June 30, 1903, V. 77, p. 398. Earnings of
Manhattan Ry., see that company.
Directors.—Alfred Skitt, Morton F. Plant, August Belmont, Andrew
Freedman, James Jourdan, J. B. McDonald, W. G. Oakman, John
Peirce, Geo. W. Young, Wm. A. Read, Cornelius Vanderbllt, New York
E. P. Bryan. N. J„ and Gardiner M. Lane, Boston.
President. August Belmont; Vice President. E P. Bryan; Secretary,
H. M. Fisher: Treasurer. John F. Buck. Offices. 5 Park Row Bldg.,
West. Union Bldg. and 23 Nassau St., N. Y.— (V. 78, p. 342.)
Will
&
&
Great Northern RR. {See Map Missouri Pa.— Longview on Tex.& Pao. (near Shreveport, La.,) southwesterly
to Houston and Galveston, also to Laredo, Tex., on Mex. National RR.
and from 8prlng northerly to Ft. Worth.
Lines owned
Miles.
Joint trackage
MilesLongview, Tex., to Laredo
494 Galveston Houston & Hen.
Palestine to Houston, Tex
150
(jointly with M. K. AT)
50
Mineola, Columbia, etc.,
26
Other lines
branches
121
Fort Worth to Spring
261
Navasota to Madisonville
47
Total system Jan., 1904
1,149
Organization.—Reorganized without foreclosure in 1892 under plan
In V. 54, p. 203, 366. Stock authorized is $25,000,000; outstanding,
$9,755,000; par, $100; controlled in interest of Mo. Pao. On May 1,
1901, the Calvert Waco & Brazos V. Ry., in operation from Marlin to
Bryan, 66 miles, was merged, and was extended In 1901-02 from Marlin north to Ft. Worth and from Bryan south to Spring, 22 miles north
of Houston, making through line Houston to Ft. Worth 280 miles. V.
72, p. 872. As to projected extensions to New Orleans, etc., see V. 75,
p. 1354: V. 76, p. 480; V. 74, p. 1038. Of these, branch from Navasota
U. Vladlsonvllle, 47 m., was completed Oct., 1903. The Houston Oak.
lawn & Magnolia Park Ry. was acquired in Dec, 1903. V.78,p. 48, 287.
Bonds.—The second mortgage interest, scaled to 4^ per cent, until and
lnoluding Sept. 1, 1897, is now 5 per cent
but in case of default the
rate reverts to 6 p. c as formerly. V. 73, p. 445. In Jan., 1904, equipment lease warrants. Includ. Int., $256,561, payable monthly to 1908.
Equipment bonds, 8666,000.
Earnings— Jan. 1 to Apr. 7, gross, $1,284,975 in 1904: In 1903,
81,378,485. Report for the year ending Dec 31 was in V. 78, p. 1165,
Tear.
Gross.
Balance.
Net.
Other inc.
Charges.
1903
$5,887,128 $1,437,681
$7,957 $*1,443.057 sur. $2,581
1902
5,248,913
1,383,988
10,092 *1,379,569 sur. 14,611
International
cific)
—
—
I
|
1
|
|
;
Charges In 1903 above Include about $95,802 for new equipment',
In 1902, $101,471 (V. 78, p. 48, 229,287, 989, 1109, 1 165.)
*
Interoceanic Ry. of Mexico, Lim.- See page
1746.
350,000
1,582,000
500,000
600,000
300,000
2,800,000
800,000
425,000
300.000
2,469,000
&
&
4J*g.
7
None.
6g
&
&
&
6
MAS
J.
New York.
J.
N. Phila., Fidelity Trust.
A. N. Y. , Farm. L. & Tr. Co,
MAN.
M.
M.
M.
5
£400,000
4
£699,886
£469,459 37 16ln*00
4i«
£1,150,000
£400,000
5
8,521,983
5,674,226
7,649,544
4,611,000
1,500,000
300,000
&
5g
See text.
$940,000
1,700,000
See text.
11,291,000
10,391,000
2,986,052
198,000
£1,700,000
£1,000,000
N.Y., office, 195B'way.
do
do
See remarks.
N. N.Y., office, 195 B'way.
S.
S.
J.
London.
15
44jb "for 1902-3.
Jnly
Feb.
1,
1953
i»2b
1908
Nov.
1,
1919
May
1,
1,
Sept. 1, 1909
Sept. 1, 1921
May
1,
1920
Moh. 31, 1912
Sept. 15,1950
Sept. 15, 1950
1950
Jan. 1, 1984
J&D 15
London.
lis in '00 M & 8. N. Y. office, 25 Broad St. Mar. l,'00,li«
J. & D. N. Y., Mercantile Tr. Co. June 1, 1938
Mar. 1, 1951
4 g. M. & 8.
J. & J.
See text.
July 1, 1910
6
A. & O. Phila., Penn. Co. for Lns. Oct. 1, 1925
I'- J. & J.
None paid.
Jan. 1, 1935
J. & J. N.Y., Guaranty Tr. Co. July 1, 1939
ll: J. & J. N. Y., Sec. & Trust Co. Jan. 1, 1951
4is & 6 J. & J. Phila., Fidelity Tr. Co. July 1, 1927
N.Y., Erie RR.
1,
?* A. & o. N. Y., Farm. L. & Tr. Co. Jan. 10, 1909
July
1907
J.10&J.
4ifl
July 1, 1907
J. & J. Phila., Broad St. Sta.
3iflg. A. & o.
do
do
Apr. 1, 1930
4g. A. & o. N. Y., Central Tr. Co. Apr. 1, 1990
Iowa
Ry.—
(See Map)— Operates Peoria, 11L, west to OskaCentral
loosa, la., thence northerly to Albert Le*, Minn., forming a through
line via Minn. & St. Louis RR. from Peoria, 111., to St. Paul, Minn.
Miles.
Leases— (slock owned.)
Miles.
Owns—
la. O.
W.,Belmond to Algona. 37
Iowa June, HI., to Manly Jo.,
&
Iowa
Branches to Belmond, eto
Total in earnings Jnly
1,
340 Track, Iowa Junet'n to. Peoria. 3
151 Manly Jot., la., to Albert Lea,
Minn, (owned jointly)
14
1903
558
History.— Reorganization (by plan in V. 44, p. 653) of the Central.
Iowa sold in foreclosure in 1887-88. In June, 1900, Minneapolis & St.
Louis interests obtained control through purchaseof the common stook;
the two properties are operated In close connection. V. 70, p. 1249.
Capital Stock.— The preferred is entitled to 5 per cent (non-cumulative), then common to 5, then both share pro rata. (V. 62, p. 548.)
Dividends.—On preferred stook in 1892 1 p. c; in 1899, 3 p. c; in
1900, Us p. c, none since. V. 71, p. 258, 342.
Bonds.—The refunding 4s of 1901 are secured by a mortgage on the
entire property now owned or hereafter acquired, subject to the $7,650,000 first 5s, for whloh an equal amount is reserved. The balance
are Issuable for future extensions at not exceeding $25,000 per mile,
improvements and equipment. V. 73, p. 899. In Feb., 1S04, made a
temporary loan for less than $1,000,000 for capital requirements. V.
78, p. 768.
Earnings.— 8 months,
1903-4.. ..Gross, $1,613,409; net, $223,440
1902-3... Gross, 1,651,347; net, 299,294
Annual Report.— Report for 1S02-03 was in V.77, p. 2277. Soft coal
tonnage in year 1902-03 was 795,373 (47 p. c of total tonnage).
Tear ending June 30.
1903.
1900.
1902.
1901.
Miles oper. June 30
510
558
558
506
July
1 to Feo. 29.
)
J
aross earnings
$2,405,543 $2,543,350 $2,284,123 $2,325,919
Set earnings (over taxes)
438,553
437,549
387,514
551,459
rot. netrec'ts(inol.rents)
555.968
506,929
438,757
566,780
Interest, rentals, <&c
504,014
390,806
554,324
431,709
Dividends on preferred..
(3)170,024
Balance, surplus.
*$2.915
1,644
$7,049
$5,950
*Adding profit on Iowa Central % Western stocks and sondB in
excess of cost ($201,623) makes surplus for year $204,538.
.
Edwin Hawley.— (V. 77, p. 2277;
Ht. Louis Ry.— V. 74, p. 1308.
Pres't (July, 1903),
V. 78,
p. 768.)
Jacksonville &
Jacksonville & Southwestern RR.—Jacksonville to Newberry
88 miles, operated July, 1900; extension, Newberry to Manatee
Springs, Suwanee River, 20 miles, under construction Jan., 1903.
V. 69, p. 80. Bonds reported to be outstanding, $300,000 first and
$200,000 second 6s, due July 1, 1911, Michigan Trust Co. of Grand
Rapids, Mioh., Trustee. In July, 1903, change of control took place.
V. 77, p. 89. Year ending June 30, 1903, gross, $204,921; net, $66,775;
total deductions, $33,600; bal., sur., $33,175. President, C. W. Chase,
Gainesville, Fla.; Sec and Gen. Mgr., E. S. Spencer, Jacksonville, Fla.
Fla.,
-(V.77,
p. 89).
Jacksonville Terminal Ry.— Owns union passenger depot
opened Feb. 1, 1895,] and terminal properties at Jacksonincluding 20 miles of track, used by Atlantic Coast Line
RR., Seaboard Air Line, Jacksonville St. Augustine & Indian River
(now Florida East Coast Ry.) and Southern Ry. which companies guarantee by endorsement the principal and interest of above bonds, and
own the entire stock. Georgia Southern & Florida Ry. also uses depot
V. 71, p. 135. For year 1902-03, gross, $128,010; net, $9,331; other
[the latter
ville, Fla.,
income,$25,000; deductions, $30,311.
Jamestown Chautauqua
(V. 71, p. 135.)
Lake Erie Ry.—Jamestown
Jk
to Westfield, 31 miles; brandies, 6 miles; trackage, 1 mile; total, 38
miles. Incorporated in Sept., 1900, and purchased the stock and about
95 per cent of the $250,000 bonds (5s) of the Jamestown <fe Chautauqua Ry. and entire stock of Chautauqua Steairboat Co., operating
11 steamers on Chautauqua Lake. Stook, $600,000, all common. For
year ending June 30, 1903, railroad earnings were: gross, $89,846; net,
$14,113; other income, $640; charges, $20,161; bal., def., $5,408. President, F. L. Chase.-(V. 76, p. 212.)
Jefferson
Owns Lanesboro, Pa., to Carbondale, Pa., 37
miles double track; branch. Hawley. Pa., to Honesdale, Pa., 8
miles. Leased in perpetuity to the Erie RR. Co. for $140,000 per
annum for main line and $14,940 for branch. Used by Delaware & Hudsou to reach Carbondale. Stock, $2,095,450; all owned by Erie RR.
Joliet
Northern Indiana
Owns Joliet, HI., to I ake
Station, Ind., 45 miles. Road opened in 1854 and leased to the Michigan Central. Stork ($300,000), all owned by the Mioh. Cent., carries
dividends of 5 per oent per annum. (V. 76, p. 752).
Junction
(Philadelphia).—Owns Belmont, Pa., to Grays
Ferry, Pa., about 4 miles.
Leased for 50 years from March 1,
t899, to Phila. Bait. & Wash.; lessee to pay fixed charges, keep road
in repair and pay bond Interest and 6 per cent on stock; bonds are also
endorsed with guaranty of Pennsylvania, Phila. WUm. <fe Bait, and
Philadelphia
Reading roads, made prior to lease. Stock $250,000;
(par $50), low all held by Phila. Bait. & Wash, and the Pennsylvania,
V. 68, p. 428. Dividends— in 1891, 40 p.c, in 1892, 35 p.c. In 1893,
30; 1894, 15; in 1895, none; 1896, 15 p. c; 1897. 10 p.c; 1898, 20 p. c;
since 6 per cent yearly under lease.— (V. 68, p. 428.
RR.—
&
RR.—
RR.
&
1644
RAILWAY STOCKS AND BONDS.
Vol. lxxviii.
Apr..
1904.]
RAILWAY STOCKS AND BONDS.
1645
1646
RAILWAY STOCKS AND BONDS.
[Vol. lxxviii.
.
;
RAILWAY STOCKS AND BONDS.
Apr... 1904.]
BAJLROAD8.
Miles
of
For explanation of column headings, &o., Bee notes
I
Size, or
Amount
Par
of
Outstanding
Road. Bonds Value.
on first page of tables.
Km. O. Belt— 1st ($534,000 gu.K.C.F.8.AM.).NB.o*
Km. City Clin. <£ Spring.—1st M., g., guar.NB..o*
Pleasant Hill <k De Soto 1st mortgage, gold.NB
K. ;. Ft. B. & Mem. RR. 1st M., g., assumed.
Kansa* City Fort Scott A Memphis My.—
Bef. M., $60,000,000, g., gu.p.*l.end.x.OTe.o"<tr..
MB
Underlying Bonds
o*
K. C. F. 8. & G. 1st M., I'd. gr.,s. f., dr'n at 110.
M.. 1st M., dr'wn at 105.0*
Ft. Scott So'eastem
o*
Memphis K. & Col. IstM
•*
Kansas A Missouri BB. 1st mortgage
NB..0*
M. BB. oon.
K. C. F. S.
Current Biv. BB. 1st M., $20,000 p. m., guar. IV
Kan. C. M. R'y AB'dge lstM.g.,s.f ..dr'n at 110.0Kansas Equip. Co. IstM. guar., 8. f., red. at 110.
Ft. Scott Equip. Co., IstM., call at par
Ozark Equip. Co.lst M.,gu.,$l,000,000, call at par
K. C. Mem. A Bir. gen.M.. $4,500,000, cur.OB.o*
c*
Inc., non-cum. To be stamped— see text. OB.
Blrm. Belt 1st M., g., red. 102ia, gu.p.&l.end.OB
o*
Memphis Equipment Co., guar., red. at 110
A
M
A
Date
B
A
10
162
34
85
*767
160
100
50
26
719
82
3
285
285
16
Kan. Oity ilex. <t Orient— 1st M., g., see text
Kan. City ihder Belt <£ Elee.—lst M., $3,000,000, g.
Kansas City Southern—%\ock, com., $30,000,000.
Pref. stock, 4 per oent, non-oum., $21,000,000...
o*&r
1st mortgage, gold, $30,000,0u0.ITIe
1886
1885
1877
Bonds -Prinol
LNTEBEST OB DIVIDENDS.
pal, When Due.
When Where Payable, and by Stocks— Last
Rate per
Cent.
Whom.
Payable
J.
A
A.
ct
Dividend.
Boston, Of., 50 State 8t. July
Boston, Old Colony Tr. Oct.
1916
1925
Oct. 1907
May 1, 1928
$2,050,000
3,192,000
58,000
2,000,000
500
1,000
1901 ;i,OOOAo
6
7 g.
6g. M.
O
do
N,
St.
15,329,000
$1,000
1,000
:
1647
4
O
N.Y., Mercantile Tr. Co.
D
Boston, Old Colony Tr. June
1879 !100 Ac
2,103,600
1880
a571,0O0
1,000
1884
1,000
492,000
1882
390,000
1,000
1888
1,000 yl3,736,000
1887
1,000
1,606,000
1889
1,000 b3, 000,000
1889
1,000
C761.000
1899
1,000
200,000
1900
1,000
630,000
1894 500 Ac
3,323,390
1894 500 Ac x6,322,780
1902
1,000
1,000,000
1890
1,000
dl89,000
1901
1,000
<t>
1903
1,000
1,500,000
&
&
A. A
J. A
M. A
M. A
F. A
M. A
A. A
A. A
J. A
J. A
M. A
M. A
x
A.
F. A
F. &
A. A
A.
g.
7
7
7
5
6
5
5
5
6
5
4
5
4
6
R.
g.
<te
8
8
A.
N.
O.
O.
J.
J.
N.
8.
O.
A.
A.
do
Louis, Mo.
,
'
do
do
do
do
do
do
N. Y., Mero. Tr. & Bost.
Boston, Old Colonv Tr,
N.Y.,Mer.Tr. Co. ABos,
Boston, Old Col. Tr. Co
do
do
do
do
do
do
do
do
New York.
Boston. Old Col. Tr. Co.
New York.
New York.
Oct
Aug.
May
Oct.
Oct.
Jan.
Kanawha Sc Michigan Ry.- (See Map
Owns
Corning, O., to Gauley on the Chee.
A
Toledo <C Ohio Central.)—
Ohio, 177 miles, less 18
Pomeroy to Gallipolis, and 1 mile, Athens to Armltage, where
Hock. Val. By. traoks are used. Also owns branch of 11 miles leased
to Toledo A Ohio Central and Col. Sandusky A Hooking By. companies.
Histort, Etc.— Beorganization In April, 1890, of the Kanawha A
Ohio Railway sold in foreclosure. (V. 50, p. 451, 483.) Lu Oct., 1890,
a large interest in the stook was aoquired by the Toledo A Ohio Central.
which has guaranteed the bonds, principal and Interest. (See V. 52, p.
miles,
165. 351.) Capital stock $10,000,000 ($1,000,000 in treasury July,
1903). The first mortgage bonds are limited only to $15,000 per mile
of road constructed. Deo. 31, 1903, car trust 5 p. c notes, payable
monthly, $1,832,021; special equip, and betterment loan, $925,000.
Latest Earns.— 8 mos., ) 1903 Ot.. Gross, $1,107,587; net, $130,122
July 1 to Feb. 28.
$ 1902 03.. Gross,
733,029; net.
30,322
Def. under 8 mos. oh'ges., $29,440 in 1904, agst. def. $89,887 in 1903'
Annt/al Statement.— Report for year 1902-3, In V.77, p. 1290, showing gross, $1,285,170; net, $175,287; other inc. $7,112; int., taxes, etc.,
$241,752; balance, surp., $59,353.- (V.75, p., 728; V.77,p.823,1290.)
Kansas City Belt By.—From Argentine to Valley of Blue River, 10
Stook authorized $2,500,000 (par, $100);
outstanding
owned one-half by Atchison Topeka
500,000 (par, $100)
S Banta Fe and three-tenths by Kansas City Fort Scott A Memphis and two-tenths by Chicago Milwaukee A St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
from 1888 to 0. M. A 8t. Paul and Atohison Top. <fe S. Fe (jointly with
other companies) for payment in each case of 3 p. o. per annum of
cost of property used with equal proportion of cost of conducting
transportation and maintenance according to wheelage. The mortgage Is for $2,500,000. The Chic. Rook Isl'd & Paoiflc Ry.. it is stated,
has contracted to use the facilities, on completion, of its road into
Kansas City about May, 1904. V. 78, p. 1446. For year ending
June 30, 1903. grow, $376,926; net, $167,959; interest, taxes, etc,
$159,322; balance, surplus, $8,637— (V. 78, p. 1446.)
miles.
;
i
Kansas
City Clinton
&
Springfield
Ry.—Owns from 01athe>
Kan., to Ash Grove, Mo., 154 miles; Raymore Jet. to Pleasant Hill'
Mo.. 8 m.; Arcadia, Kan., to Springfield, Mo., 85 miles (acquired Sept.,
1901, from Kansas City Fort Scott A Memphis RR.); total, 247 miles.
Stock, $1,775,400. Bonds were guaranteed by the K. C. Ft. Scott &
Mem. RR. (old co.) Under purchase from K. C. Ft. 8. M., $2,000,000
six p. c bonds of that oompanv, were assumed. For year ending
June 30, 1903, gross, $356,656; net, $149,772; other income. $46,212;
Interest and taxes, $293,018; bal., def., $97,034.— (V.|73, p. 236, 723.);
Kansas City Fort Scott A Memphis Ry. (See Map of St.
Louis & San Francisco Railroad Oompany.)—Operates road extending from Kansas City, Mo., to Memphis, Tenn., and branches,
854 miles. Including trackage 85 miles from Aroadia to Springfield,
Mo., owned by K. O. Clinton & Springfield By.(whichsee above). Also
has a controlling interest in stook of the K. C. Mem. & Birm. BB.,
owning line from Memphis, Tenn., to Birmingham, Ala., with branch,
285 m. and of K ansas City A Memphis By. A Bridge Co., owning bridge
across Mississippi Biver at Memphis, 3 miles. Total, 1,142 miles.
Organization.— Incorporated on June 14, 1901, and is vested with
the property of the former Kansas City Ft. 8. A Mem. Railroad other
than the 85 miles from Arcadia to Springfield, sold to the Kansas City
Clinton A Springfield; also controls other mileage. V. 72, p. 1237. Bee
V. 72, p.4S8, 532, 675, 988. The St. Louis A San Francisco BB. owns
the entire stock and leases the road, guaranteeing the bonds of 1901,
principal and Interest, and 4 p. c on preferred stock trust certificates.
Stock.- Common authorised, $45,000,000; outstanding, $15,000,000, all owned by St. Louis A San Francisco BB. The pref. stock,
$15,000,000 authorized, of which $13,510,000 is outstanding, par
i5100) is depoelted in escrow, and against it are Issued trust certificates
of the St. L. A San F. BR., the latter having the option to retire the certificates at any time at par, and obligating itself to pay oil the -whole
issue in 20 years from date, meanwhile obligating itself to pay quarterly divs. of 1 p.'o. thereon, beginning Jan., 1902. See V. 72, p. 1238.
Bonds.— The refunding bonds or 1901 (limitea to $60,000,000) are
to be secured by all property now owned, or hereafter acquired with
the proceeds of the refunding Issue. Of the bonds, $11,650,000 were
subscribed for in June, 1901, about $31,025,770 were reserved for
exchange against the face amount of underlying bonds, $3,000,000
for refunding purposes, $5,000,000 for Improvements, betterments
and new equipment at the cumulative rate of $600,000 per annum,
and the residue, as well ae any bonds not used or required for refunding purposes, will be reserved for Issue for additional lines and extensions, at not exceeding $22,500 per m. thereof A s to guaranty on bonds
of 1901, see " organization" above. V. 75, p. 853. See V. 78, p. 1446.
Lu 1902 the K. C. Ft. Scott & Mem. By. guaranteed the interest on all
except $538,.*' CO of the $5,923,280 Kansas Cltv Mem. & Birm income
bonds, beginning Mar 1, the bonds so guaranteed being stampf d with
a provision making them subject to call at any time within 10 years
from Sept. 1,1902, at 95 and interest.
74, p. 477, 577. Equipment
notes, $tv5,510 fives, due quarterly, July 1, 1904, to Oct. 1, 1908.
Birmingham Btlt bonds are guaranteed, pnn. and int.. Jointly by
ansas City Memphis A Birm. and St. L. A Ban Fran. V. 75, p. 1147.
Beport.—The earnings of the combined properties (including also
247 miles of the K. C. Clin. A Springfield By., were (later earnings are
included with those of St. L.A 8. F.):
&
,
V
1986
1,
1908
1910
1910
1922
1928
1927
1929
1905
1909
1,
1,
1,
1,
1,
1,
July
May-Nov.l"*10
Mch. 1, 1934
Moh. 1, 1934
Oct.
Aug.
Feb.
Apr.
Includes (a) $560,000, (b) $154,000. (c) $216,00 0, (d) $73,000, held a live in sink! ng fund.
except $453,780 are fixed-interest bonds; ooupo ns MA 8. V. 7 4, p. 829.
y Inolud 68 $2,00 0,000 assumed by K. C. CI.
* Also covers majority of stook of Kan. City M. & Blnnti,., 285 miles, a nd provides for retire ment of its bonds.
x All
1,
Sept. 1,
Sept. 1,
O
4 g.
30,000,000 I To be h eld in v oting trust for 5 years.
21,000,000
3 g. A. A O. Treae. off., 120 B'dway, Apr.
29,999,500
1900 l.OOOAc
1.
1,
A
1,
1922
1905
1951
1953
1.
1950
1.
1,
1,
8p.
Net.
Gross.
Oth. tnc.
Charges.
Tear—
Bal., sur.
1900-01... $8,840,857 $3,427,913 $77,087 $2,054,983 $1,450,017
From surplus as above were paid in 1900-01 div. on Kan. C. Ft. S.
A Mem. pref. (8 p. c), $219,984 div. on common (4 p. c), $395,920
int. on K. O. M. A B. Incomes (5 p.c), $316,863 charged off, $63,032
leaving final surplus of $454,218.— (V. 78, p. 1446, 1497.)
;
;
Kansas City Memphis & Birmingham RR.—See Kansas
A Memphis By. above.— (V. 75, p. 1147.)
Kansas City Mexico & Orient RR.— (See Map.)— Projected
City Fort Scott
to extend from Kansas City, Mo., to Port Stllwell, Mex.. on the Gulf
of California, 1,629 miles; also from 8an Angelo to Spofford Junction,
Texas. In April, 1904, work was In progress along the entire distance
from Kansas City, Mo., to Sweetwater, Texas, about 650 miles, of
which 100 miles from Milton, Kan., south, were completed, and about
200 miles in Mexico were completed or under construction (see below);
much track-laying was in'progress, and It was expected the entire road
would be eompleted within 2 years. Bee V. 75, p. 1253. The Chihuahua
Paoifio, completed from Chihuahua to Minaca, 125 m.,used as the
southern portion of the line, under a ten-year trackage agreement, the
concessions for building the uncompleted portions of the line (see V.
71, p. 181) having been transferred to this company. V. 73. p. 662.
See prospectus In V. 75, p. 1253. Has traffic contract with HamburgAmerican Steamship Co. for monthly service from Port Stilwell to
Hawaii, etc V. 77, p. 401.
In April, 1904, road was operated between Wichita, Kan., and Fairview, O. T., 128 miles, of which Wichita to Milton, 31 miles, is Missouri
Paoifio traokage, under temporary arrangement; also Pacific Coast division, to Topolobampo to La Guna, 85 miles, and Chihuahua to jLas
Tranoas, 36 miles.
The Kansas City Outer Belt Electrio RR. (see that company below) will, when completed, afford terminal facilities and an entrance
into Kansas City. V. 76, p. 331.
A
&
Secubittei.—Stock authorized, $20,000 per mile each In common
stock. Stook is held in a
(U. S. A Mexican Trust Co.,
trustee) are issuable at $22,500 per mile, single main track, $15,000
per mile of yard and terminal track, and $12,000 per mile of double
track, constructed or acquired; also, $2,500,000 for extra work in
Sierra Madre Mountains, $5,000,000 for terminal facilities at Kansas
City or Topolobampo, or both, snd $10,000,000 for future requirements and additional rolling stock at not over $1,000,000 yearly, beginning Feb. 1, 1906. V. 78, p. 102. Mexico A Orient Townsite Co.
and non-cumulative 4 per cent preferred
voting trust for 10 years or more. Bonds
bonds, V. 78, p. 1109, 1113.
Offickbs.— President, A. E. Stilwell; 1st Vice Pres., Enrique C. Creel; 2d
Vice-Pres., W. W. Sylvester; 3d Vice-Pres. and Gen. Mgr., Edward Dickinson;
Secretary. Neal 8. Doran; Treas., W. A. Rule. Executive Commttee'; E. L.
Martin (Chairman), Edward Dickinson, W. 8. Woods. W. A. Knie, A. E. Stilwell. William A. Harris and W. W. Sylvester.
Other directors Include
George J. Goald, Warren G. Purdy and J. T. Odell
(V. 77, p. 250.401, 510, 2098, 2339; V. 78, p. 102, 287, 1109.)
—
Kansas City Northwestern RR.—Entire stock, $4,016,000
(par«100),and $2,983,500 "B" bonds were purchased in Nov., 1900,
by Mo. Pac By., which see; also Scpp. of Jan., 1903. For year 1900-1
(on 174 miles) gross $426,877; net, $109,591; other income, $1,441;
deductions, $78,636; balanoe, surplus, $32,396.
Kansas City Outer Belt (Steam) f& Electric RR.— (See
Map )— This company is constructing a belt line road at Kansas City,
the main line, double track, being 7 miles in length, extending from
No. Kansas City to the Kaw Valley on the west, with bridge across the
Missouri Biver. Will afford an entrance into Kansas Citv for the Kansas
City Mexico A Orient By., and connect with the various steam roads
entering that city. Arrangements are also proposed with certain pro-
jected suburban electrio roads.
Incorporated in 1902 by interests
friendly to Kansas City Mexico
Orient By. V. 75, p. 184; V. 76, p. 331.
Securities.— Stock authorized, $2,250,000 each of common and 4
per cent preferred. The stock will be held In a voting trust of ten
members until the full dividend shall have been paid on the preferred
for five consecutive years. See V. 76, p. 331. Of the $3,000,000 authorized 1st gold 4s (see table above) $1,500,000 have been t^ld; the entire
cost of construction and equipment was estimated at not over $2,000,000 in bonds, leaving balance for extensions and improvements.— (V.
75, p. 184; V. 76, p. 331.)
&
Kansas City Southern Ry.— (See Map.)— Operates a line extending from Kansas City, Mo., to Port Arthur, Tex., (thence by its
ship canal 7 miles to deep water on the Gulf of Mexico), with branches
and extensive terminals used by various roads entering Kansas City.
Lines owned—
Miles.
Lines owned—
Mites.
Kansas City, Mo., to Belt Jet.. 12 Branches to Fort Smith, De
Grand View, Mo., to Port ArQnincy, La., etc
61
thur, Tex
765
Trackage—To Gr'd View, Mo. 11
I
|
|
Total.
Organization.—A reorganization
of the
839
Kansas City Pittsburg A
Gulf BB., foreclosed Mar. 19, 1900, per plan V. 69, p. 1012, 1062.
V. 73. p. 1356; V. 74, p. 94. In Oot., 1900, control became vested In the
Harrlruan syndicate. V. 71, p. 913, 963. Geo. J. Gould Is Vice-Pres.
Securities.— Of the amounts shown as outstanding in the table
above there were in the treasury on June 30, 1903, $1, 449.700 common
stook, $619,200 preferred stock and $784,000 bonds.
1G48
RAILWAY STOCKS AND BONDS.
*.'.
[Vol. lxxviii.
.
Apr.. 1904
.
',
RAILWAY STOCKS AND BONDS.
J
RAILROADS.
Miles
For explanation of column headings, &c, see notes
on nrst page of tables.
Date
81ze, or
of
of
Par
Road. Bonds Value.
Kansas City St. Joseph dk Council Bluffs.— See Chic. Burl. & Qui NCY.
1897
$500
Kan. City Shrevep. dk Gulf Term'l—1st M., red. 105
ian. City Suburban Belt— See Kansas City Sodth EBN R Y.
1881 250&0.
Ken.dk I. Br. <& RIt. -K. & I. B. 1st M.,g., assumed..
S.o*
1900
1,000
1st consol. mortgage, $2,500,000, gold
162
100
Keoktik dk Des Moines— Preferred stock, 8 per cent
c 162 1878 100 &0.
1st mortgage, interest guar. C. R. I. <feP
c
1869
1,000
Keokuk dk Hamilton Bridge— 1st mortgage
1891
1,000
Kewaunee Oreen Bay dk Western— 1st mortgage. F.c
113 1882
1,000
Kingston dk Pembroke—1st M., gold
69 1885
1,000
Knoxv. dk Ohio— 1st M., gold, guar, by rent.Ce.Cfer
Lake Erie dk Detroit River— See Pere Mabqoette RR.
100
Lake Erie & Western—Cora, stock, $20,000 p. m. 725
725
100
Pref. stock, 6 per cent (not cum.) ($20,000 p. m.)
Ce.o* 725 1887
1,000
1st mortgage, ($10,000 per mile) gold
1,000
2d luort., for $3,625,000 ($5,000 p. m.) gold.Ce.c 725 1891
100
Lake Shore & Michigan Southern,— Stook
100
Guar. 10 per cent stock (Mich. So. & No. Ind.) ...
o*&r 1,000 1897 l.OOOAc
1st mortgage. $50,000,000. gold. Us
o*&r
1903 l,000<fco
Debentures, $50,000,000, gold. O
1,000
Toledo 1st mortgage, guar..-c '55 1876
Detroit Monroe
37 1890
1,000
Kalamazo & White Pigeon 1st mort.. guar.Un..c
41 1889
1,000
Bat. Cr. & 8tur. 1st M., g.,guar. p.* (.(see M.Cen.)
1. guar.
36 1889
Sturgis Goshen <fe St. L. 1st mort., g., p.
58
100
Kal. Allegan & Gr. Rapids stock, rental guar
o
58 1888
1,000
1st mortgage, guaranteed. Un
26
50
Erie & Kalamazoo (l'sed) st'k, Toledo to Palmyra
47
50
Lake Shore System—Mahoning Coal RR.— Stook.
47
50
Pref. stook, see text
188
47
1,000
1st M.,Youngs. to And., etc., guar. p.&i. (end).Uno
cfe
<fc
1
z N. Y. Central holds
$45,289,200 of
190203.
$6,010,458
4,358,809
1901-02.
$5,450,871
3,616,126
1900-01.
$4,753,066
3,399,222
$1,851,649 $1,834,745 $1,353,845
1,731,452 $1,950,120 $1,384,186
151,416
128,850
114,600
821,263
762,903
899,985
83,673
28,000
27,681
Net earnings
Total net income
Taxes
Interest on bonds
Miscellaneous
$652,370
$916,334
$478,683
Balance, surplus
Directors. -President, Stuart R. Knott: Vice-President, Herman
Sieloken; J. W. Gates, of Chicago; Edward H. Harriman, Otto H. K.alin,
Geo. J. Gould, Edwin Gould, Lawrence Greer, H. P. Wertheim of
New York; John J. Mitchell, of Chicago; Julius S. Walsh, H. C. Pierce,
Of St. Louis .— (V. 77, p. 2276, 2284; V. 78, p. 1497.)
See K. C. Southern Ry.
Kansas City Pittsburg 6c Gulf
RR.—
Kentucky
6c
Indiana Bridge
6c
Railroad Co.— Owns
steel
cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and New Albany, Ind., and 5 miles of
also owns Louis. <fe New Albany Ferry Co.
belt line in Louisville
Successor Jan. 31, 1900, to Kentucky & Indiana Bridge Co., sold
in foreclosure subject to the $1,000,000 first mortgage. The Southern
Ry., Bait. & Ohio Southwestern (B. & O.) and Chicago Indianapolis
& Louisville own the $75,000 capital stock, and pay monthly, in proportion to cars handled, any deficit in operations. Of the $2,500,000
first consol. 4s, $1,000,000 were reserved to retire the old 5s at maturity and $500,000 for improvements and betterments. V. 71, p. 492.
Earnings.— For year ending June 30, 1903, gross, $232,931 ; def.
under Int. charges, etc., $171,297. President,
M. Greene; Sec. and
Treas.. H. vV. Heazlitt. Gen. Mgr., W. M.Mitchell.— (V. 71, p. 287, 342.)
<V Res Moines Ry.— Owns from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from October 1, 1878, to
the Chicago Rock Island & Pacific Railway, the lessee to pay 25 per
cent of the gross earnings, but guarantees the interest (not the principal) on the bonds. Stock is $1,524,600 8 per cent preferred and $2,600,400 common (par $100), a majority of which is held by the lessee.
Divid'ds.— I 1893. 1894. 1895. '96 to '98. '99. '00. '01. '02. '03. '04.
**
1
On pf. p. c. S 2-4 95 cts. 90 cts. None.
1
2 May.Ha
*a
Rental: In 1902-03, $156,574; in 1901-02, $169,719— (V. 68, p. 772.)
Hamilton Bridge Co.— Owns bridge across Mis)
sissippi Ri^er at Keokuk, la., for railroads and foot passengers. The
property was originally leased to four companies, but only two companies now use it, these being the Toledo Peoria & Western and the
Wabash. Regarding guaranty see V. 59, p. 969. On judgment of
1889 $203,000 has been collected; on Judgment of 1894, $142,000;
in Apr., 1901, $142,000 was awarded. V. 72, p. 821. Stock, $1,000,000; par, $100. Coupons are in default, but mortgage has never been
foreclosed, and part of overdue interest is paid as earnings permit.
Last coupon paid was half of No. 42 (due April, 1890), in Feb., 1904.
Earnings.—Year ending June 30, 1903, gross, $39,968; net, $21,917; other income, $16,765; total deductions, $34,901; bal., sur., $3,780. In 1901-2, gross, $34,116; net, $14,949.
President, Andrew
Carnegie; Treas., Theodore Oilman, 55 William St., N.Y.— (V. 72, p. 821.)
Kingston 6c Pembroke Ry.—Owns from Kingston, Ont., Can., to
Renfrew on the Can. Pac, 104 miles; branches, 9 miles Reorganized
In 1899 per plan V. 67, p. 274. Stock, $1,000,000 first pref. 5 p. 0.
noncuin., $150,000 second pref. 3 p. c. and $2,500,000 commoD.
The
Canadian Pac. will lease the road and owned on June 30, 1903, $1,130,100 pref. and $1,759,100 com. stock. V. 77, p. 636, 1221. First div. on
1st pref., 1 p. c, paid April 2, '01; none since to May, '03.
Year ending Dec. 31, '03, gross, $181,000; net, $40,031; int., $17,160; balance,
surplus, $22,871.— (V. 73, p. 1160.)
Knoxville 6c Rr istol
See Southern Ry.—V. 77, p. 298, 1225.
Knoxvillc A
Owns Knoxville, Tenn., to Jellioo.Tenn.,
and branch, 69 miles. In 1903 acquired the Tennessee Northern RR.,
La Follette to La Follette Jot., 10 miles. Stock, $1,122,200. Merged
In Oot., 1903, in Southern Ry., which owned $1,118,300 of the stock,
$1,111,300 being pledged under Its consolidated mortgage of 1894.
The stockholders Oct. 7, 1903, authorized a first consol. mortgage
to seoure $3,000,000 bonds, of which $2,000,000 to be reserved to retlro the first mortgage bonds at maturity, balance for new acquisitions
and future requirements. The bonds when Issued to be held in the
kreasury of Southern Ry. V. 77, p. 298, 1225.— (V. 77, p. 451, 1225.)
6c
Ry., Hawaii.— V. 75, p. 289; V. 76, p. 542.
;
W
Keokuk
Keokuk &
'
RR.—
Ohio RR.—
Kona
Kau
Lake Erie
6c
Bonds— PrinciINTERE8T OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Whom.
Payable
Dividend.
Cent.
4
$150,000
5 g.
1,000,000
4g.
1,069,000
1,524,600 8ee text.
5
2,750,000
8
1,000,000
5
408,000
3 g.
572,000
6g.
2,000,000
11,840,000
11,840,000 4 in 1903
5 g.
7,250,000
5 g3,625,000
z 49,466,500 See text.
10
533,500
3*9 g.
50,000,000
4 g.
40,000,000
7
924,000
5
400,000
3 g.
79,000
322,000
3 g.
595
610,000
5
840,000
10
300,000
in '03
1,500,000 10
5
661,850
5
1,500,000
F.
M.
&
&
A.
&
&
N. Y., 45 Broadway.
J.
Co.
J. N. Y., J. P. Morgan
Aug.
1927
Maroh, 1911
Louisville.
8.
1,
& O. N. Y.,8tandardTmst Co. Apr. 1, 1950
See text N Y.,Offloe,71 B-dway, May 2, '04, li*
do
do
Oct. 1, 1923
A. & O.
A. & O. 55 Wm. St. As earned, April 1,1899
J. & D. N. Y., Office 40 Wall St. June 1, 1921
A.
J.
J.
&
Jan.
July
1,
1,
1912
1925
& J. N. Y. Office, Gr. Cen. Sta. Jan.15,'01,2%
& J. N. Y., Chase Nat. Bank. Jan. 1, 1937
do
do
July 1, 1941
& J.
& J. N.Y.,GrandCent. Stat'n Jan. 29, '04, 4
do
do
Jan. 29,'04,5%
J.&J.28
June 1, 1997
J. & D.
Sept. 1, 1928
M. & S. Coupons at Grand
Cent. Sta'n, N. Y.
Aug. 1, 1906
F. & A.
Registered int'st on
Jan. 1, 1940
J. & J.
Deo. 1, 1989
2ds by Un. Trust;
J. & D.
on new 3^8 by
Deo. 1, 1989
D.
J.
Apr., 1904
A. & O.
U. 8. Trust, N. Y.
July 1, 1938
J. & J.
F. & A. N.Y.,Treas., 24 Thomas. Feb., 1904,5%
F. & A. N. Y., Gr'd Cent. Stat'n. Feb. 1, '04, 7%
J. & J. N. Y., Union Trust Co. Jan.,'04,2i«%
do
do
July 1, 1934
J. & J.
J.
J.
J.
J.
<fe
I
this.
Voting Trust.— By modified plan both classes of stook will be vested
until April 1, 1905, in following voting trustees: E. H. Harriman, Geo.
J. Gould, Otto H. Kahn, John W. Gates, Herman Sieloken, Louis Fitsgerald and James Stiilman. The voting trustees may, in their discretion, deliver the stock at an earlier date.
Latest Earnings.— 8 ) 1903-4. Gross, $4,394,465; net, $1,241,384
mos.,Julylto Feb 29. S 1902-3 Gross, 4,104,281; net. 1,130,112
Report for year ending June 30, 1903, at length, In V. 77, p. 2276,
2284; see also editorial, p. 2252.
Gross earnings
Operating expenses
Amount
1649
Western Railroad.— Road— Owns
Sandusky,
O.,
to Peoila.Ill., 420 miles, and branch to Minster, 10 miles; Indianapolis
to Michigan City, 162 miles; Fort Wayne to Connersville and branoh to
Rushville, 133 miles; total owned, 725 miles; leases Northern Ohio
RR., Akron to Delphos, 162 miles; total operated, 887 miles.
HISTORY, Etc.— Formed in 1887 after foreclosure of the Lake Erie
Western Railway. (See V. 50, p. 590.) In 1899, control passed to the
Vanderbilts, and on Jan. 1, 1903, the Lake Shore & Michigan Southern
owned $5,940,000 common and $5,930,000 pref. stock. V. 71, p. 1269.
Divid. since 1890 < '91 '92 '93 to '98 '99 1900 '01 to '03. 1904.
2
4 yearly Jan., 2
4 4% 5 yearly
on pref.—
I
Bonds.—Abstract of first mortgage in V. 46, p. 45; of 2d mortgage in
V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, whioh see.
Earnings.— For 3 months ending Maroh 31, 1904, gross, $1,098,250,
&
against $1,129,988 in 1903.
Annual Report.—Annual report for 1903 was in V.
Tear end. Dec. 31.
Gross earnings
Net (inol. other income)
1903$5,218,728
1,365,777
Deduct-taxes
Interest on bonds
No. Ohio int. guar
Dividends on pref. stock
208,018
543,750
125,000
(4)473,600
15,000
Investments in bonds, etc
Balance, surplus
-( V.
76, p.
864,916,1355; V.
78, p. 1443.
1902.
$4,699,340
1,357,437
204,522
543,750
125,000
(4)473,600
1901.
$4,533,204
1,380,929
206,983
543,750
125,000
(4)473,600
31,000
sur.$409 def.$20,435
$31,596
2387, V. 78, p. 1443.)
77, p.
Lake 6c River RR.—V. 77, p. 510.
Lake Shore 6c Michigan Southern Railway.— (See Map
N. T. Central .)— Operates from Buffalo to Chicago with branones. The
miles) includes 26 miles between Toledo and Palmyra,
Mich., under lease from the Erie & Kalamazoo.
Road owned directly.
Miles.
Leased, [Usee this Co.]
Miles
Buffalo, N. Y., to Chicago, 111.. 540 Kalamazoo A.
G. R
58
Sundry branches
320 Jamestown & Franklin
51
Entire slock owned.
Mahoning Coal RR
47
Detroit & Chioago (see below)
2b Erie & Kalamazoo (26 in.)
Text.
Detroit Monroe <fc Toledo
55 Detroit Hillsdale & S. W. H
65
Kalamazoo & White Pigeon... 37 Fort Wayne & Jackson
98
if
Northern Central Miohigan
61
Sturgis G. A St. L
36
Central Trunk
5
Elkhart <fe Western
11
main line (540
&
.
. .
Total of above
Grand tot. oper. Jan. 1, '03. 1,411
1,092
Of the main line 519 miles has double track. By control of " Nickel
Plate" the Lake Shore has still another line from Buffalo to Chicago.
Operates Dunkirk Allegheny Valley & Pittsburg, Dunkirk, N. Y., to
Titusville, Pa., 91 miles, since Oot. 1, 1901, for aocount of New York
Central— (V. 73, p 663 ) In Feb., 1902, the L. S. & Mich. So., together
with the Michigan Central, took over the operation of the Detroit
Toledo & Milwaukee RR., Allegan to Dundee, Mich., 133 miles. V. 74,
'
p.
379; V. 76, p. 1026.
Organization, &c. A consolidation on August 16 1869.
In
February, 1898, a majority of the capital stock was purchased by the
N. Y. C. & H. RR., which gave in exchange its 3*2 p. o. bonds at the
rate of $200 in bonds for $100 in stock. V. 66, p. 288. In 1903,
$45,289,200 stock had been exchanged. V. 69, p. 1237.
N. Y. Chicago St St. Louis road has been controlled by ownership of
stook since 1882, Lake Shore now owning $6,240,000 of its common.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stook.
The company also controls and leases the Mahoning Coal RR. [see Lake
Shore "System" below] and owns (besides the entire stook of the proprietary lines) $5,050,000 Pittsburg <fe Lake Erie stook. N. Y. 0. & H.
R. RR. in 1899 had acquired over nine-tenths of the capital stook of
the Lake Shore, as stated above.
In 1900 the company purchased $11,224,000 of the $27,997,700
Cleveland Cin Ohio. & St. Louis common stook also $5,940,000 of the
$11,840,000 common and $5,930,000 of the $11,840,000 Lake Erie St
Western preferred, the whole at a cost of $12,958,08/, of whioh $8,«
958,082 paid from surplus earnings. V. 71, p. 1269; V. 72, p. 870.
In 1902 purchased $4,870,500 of the $5,000,000 stook of the
Indiana Illinois
Iowa RR., operating line from Seatonville, 111., to
St. Joseph, Mich., 2f)2 miles. V. 73, p. 1356; V. 74, p. 41.
In 1901
purchased from surplus earnings $3,200,000 Lehigh Valley RR. stook
for $1,920,000; total Lehigh stock owned, $5,700,000. V. 74, p. 879.
In Jan., 1903, the one-half share in $55,110,000 of the $140,000,000 Reading Co. stock acquired by the Vanderbilt interests, viz..
$12,130,000 first preferred,
$27,980,000 seoond preferred and
$15,000,000 common stock, the other half being held by the
Baltimore & Ohio, was turned over to the Lake Shoie. See " General
Finances " below. As to purchase of one sixth interest in majority
Hocking Valley Ry. common stock, see that company. V. 76, p. 102,
158; V. 77. p. 451.
In Jan., 1903, the entire stock of the Lake Erie Alliance & Wheeling RR., Phalanx, O., to Dillonville, 88 miles, was purchased, together
with all the stook of the L. E. A. <fe W. Coal Co. and 51 p. o. of that of
the Jefferson Coal Co.; also other properties and lands. V. 76, p. 265.
List of stocks of other companies acquired during 1900 to 1903, both
inclusive, see V. 78, p. 48.
Dividends.— ) '90 '91 '92 '93-97 '98 '99 '00 '01 '02 '03 1904.
Since '89. P.ot. $ 5 6^ 6** 6 y'rly 6 1* 7
7
7 Jan.,4
7 7
The consol. mortgage of 1897 (United States Trust Co.. N. Y., and
John T. Dye of Indianapolis, Ind., trustees,) is for $50,000,000 of 3*fl
;
&
—
"^
1
.
:
'
RAILWAY STOCKS AND BONDS
1650
RAILROADS.
Miles
Date
Size, or
p
A™,.™*
Amount
of
For explanation of column headings,&o., see notes of
Outstanding
Road. Bonds Value.
on first page of tables.
Ry.—lBt M.,$ 1,200,000, g.,s.f.F.c
20
L.TahoeRy dtTr.Oo.— lstM.,g.,$500,000s.f.,beg.'05
Leavenworth, Terminal Ry. <& Bridge—1st M., g.Ce.
Lehigh <6 Hud. River— 1st M.,g.,int.red'o'dto5p.o.Ce
2d mortgage, gold
Warwick Valley 1st mort., extended In 1900
2d mortgage
16
L. 8up.it Ishpem.
L.&Hud. R.Gen.M. $3,000,000,
Lehigh <t New Engl'd—lut M., $1,000,000, gold. PP
North'ton, 1st M., g., $300,000, gu., red. 105.FPC
g. (see text)
Ce.c*
Consol. mort., $3,000,000, g„ call 105
Lehigh Valley— Stock ($106,300 is 10 p. c. pf.)GP
1st mortgage, o. and r., ext. In gold In 1898..
GP
2d mortgage
r
3
42
63
15
22
63
15
All
ioi
101
conp. & reg., $4,762,000 4^8. o*r
461
annuity, $2,538,000 are 4*28.
Mtge. and Coll. Trust, g., call at 107V--G P.o*&r
Gen. oonaol. mort.,$150,000,000,gold.GP..c\tr.
Coal purohase bond, 3 series, $245,000 due y'rly
Nat. Storage Co. trust cert.(V.78,p,1446)....Ce.r
Lehigh <fe N. Y.. 1st M., g., guar. p. <fc i. Mp...o\fer 117
Leh. Val. of N. Y., 1st M., g.. gu.p.& i.(end.)GPo*&r 283
31
Leh. Val. Ter., 1st M., gold, gu. p. <fc i. end.Ce.o*<fcr
60
Easton & Amboy.lst M.Easton to P.Amboy,gu...
12
Easton &No., IstM., gold, guar.byL.Val.GPo*&r
22
Middlesex Valley, 1st mort., $600,000, gold. Ce.c*
Penn. <fe N. Y. Can. & RR.— 1st m., endors...o*<fcr.
Consols (see text) guaranteed p.& i.(end.).GPr
No. 1st pref. mort., gold..Ce.o* 119
Elmlra Cortl'd
119
IstM., gold, guar. p. &1. (end.).Ce
Can.No,lstM.,g.,gu.p.<fei.byE.C&N.(V.76,p.l406> ....
Consol. mort.,
$40,000,000,
>
FP
\
,
&
Morris Canal stock, 4% guaranteed 999 years....
Preferred stock, 10 p. c. guar. 999 years
....
V. 66, p. 1140; V. 68. p. 1182; V. 73, p. 1264; V. 75, p. 290; V. 77,p.|2035.
Of the $50,000,000 authorized debenture 4s of 1903, $40,000,000
were sold to pay off the $25,000,000 loan made for the purchase of
Reading stock, which matured in Jan., 1904, and floating debt incurred for other acquisitions. They are to be seourea by any new
mortgage. V. 77, p. 1747, 2035; V. 78, p. 48.
Guaranties.—As to guaranties additional to those shown in table
above see Detroit Hillsdale & S. W. and Fort Wayne & Jackson.
General Finances.—Nothing has been charged to construction or
equipment account since 1883, the outlays oharged to operating expenses for new equipment amounting in 1902 to $1,423,673 and in 1901
to $3,589,079, and for construction to $2,971,932 in 1902, against
$747,257, these items being exclusive of expenditures for renewals.
Profit and loss surplus Jan. 1, 1903, $18,035,138. Low grades permit
average for 1902, 576 tons, against 530 in 1901.
large train loads
In Jan., 1904, dividend rate was inoreae ed to 8 p. c. V. 77, p. 2390.
Annual Report for 1903 was in V. 76, p. 1026; see edit, page 1003.
Preliminary statement for 1903, partly estimated, was in V. 77, p.
2387. Operating expenses include $4,395,000 for construction and
renewals in 1903, against $2,768,788 in 1902 and $597,063 in 1901
1902.
1903.
1901.
Tear end. Dec. 31—
Total gross earnings
$34,6 1 2,000
$30,449,292
$29,272,675
27,640,000
21,989,064
20,210,229
Oper. exp. & taxes
Net earnings
$6,972,000
$8,460,228
$9,062,446
Net, incl. oth. income
$10,128,793
$9,302,000
$10,391,736
Rentals paid
1,042,667
916,605
)
2,297,252
Interest on debt
> 4,840,000
2,266,656
Dlvid's on guar, stook
53,350
53,350
)
Dividends
(7)3,462,655
(7^)3,709,987
(7)3,462,655
Surplus over divs..
$752,013
$3,272,869
$3,692,470
-(V. 77, p. 2098, 2280, 2387, 2390; V. 78, p. 48, 342, 1446.)
;
Lake Shore System.—Mahoning Coal RR.— Owns
from
Youngstown
to Andover, O., and branches, 47 miles. Branch (practically second track) from Donghton to Plymouth, on the Lake Shore,
47 miles, of which 18 m. built by Lake Shore, was completed In 1903.
Leased In perpetuity for 40 p. c of gross earnings to Lake Shore, which
Jan. 1, 1903, owned $865,900 common and $399,500 preferred stook.
Dividends.— ) 1889. '90. '91. '92. '93. '94. '95 to Feb., 1904.
On common. $4k% 5
4*2
8
8 10 (Feb.7%,Aug. 3%)
8k
The preferred stock certificates are 5 p. o. guaranteed and contain
a clause making them redeemable at par at option of company.
For year ending Deo. 31, 1 902, rental, $668,207; surplus over Int.
and 10 p. o. on com. and 6 p. o. on pref., $408,354.— (V. 66, p. 897.)
Lake Superior dc IshpemlngMarquette to Ishpemlng,
Mich., 20 miles; leases, 1 mile; total, 21 miles. The Munising Rv.,
Little Lake to Munising, 38 miles, and the Marquette
Southeastern
Ry., Soandia to Marquette, 17 miles, are operated as one system, all
being controlled by the Cleveland Cliffs Iron Co. Stook, $1,000,000;
par of shares, $100. Bonds are subject to call for the sinking fund by lot
at 105 and Interest. Year ending Deo. 31, 1902, gross, $186,584; net,
$43,940; other lnoome, $18,726; taxes, $19,270. President, Wm. G.
Mather, Cleveland, O.— (V. 75, p. 1207; V. 76, p. 1248; V. 78, p. 229.)
Ry.—
&
& Transportation Co.—Truokee to Tahoe,
narrow gauge, operated during tourist season from May
connection with steamers and hotels, also owned. Stook
$500,000, all outstanding. Mortgage covers also steamers, wharf and
property costing $250,000; sinking fund beoomes operative In
hotel
1905; Mercantile Trust Co., San Franoisoo, trustee. V. 74, p. 479. Year
ending June 30, 1903, gross, $31,668; net, $13,202; other income,
Lake Tahoe Ry.
Oal., 15 miles,
15 to Oot. 15 in
$12,597; total deductions, *16,485; bal., sur., $9,314. President, D. L.
Bliss, San Franoisoo, Cal.— ( V. 74, p. 478.)
Laramie
n's Peak
Pacific Ry.—In Oot., 1903, grading
completed from Laramie, Wyoming, via Centennial, 30 miles, to be
operated in summer of 1904; contract also let from Centennial to
Grand Encampment, being balance of 100 miles. Stook authorized, $9,000,000, all com., to be Issued at rate of $90,000 per mile; par of shares,
$10. No bonds. (See V. 77, p. 824), President, Fred. A. Miller, Laramie, Wyo.— (V. 77, p. 824.)
Hah
&
Learentvorth Terminal Railway &. Hrldgc— Owns highway and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
The mortgage contains a sinking fund provision. Kansas City St. Joseph & 0. B. (Chicago B. <S> O.) and Chioago R. I. & P.
use the bridge at an annual rental of $16,000 eaoh, under a 30-year
contract from 1894, and Chioago Gt. Western from Sept. 1, 1895, for 30
years; rental $14,250. For year 1902-03, gross, $51,080; net, 835,765;
int. on bds., $30,000; bal., sur., $5,765. Stook,$600,000.— (V.69,p. 494.)
Lehigh &, Hudson River Ry.—Owns from Greyoourt, on Erie
RR., to Belvldere, N. J., on the Pennsylvania RR., 63 miles, Proprietary
lines: Orange County RR. (entire stook owned— no bonds Issued), Hudson Junotion to Maybrook,N.Y.,onCent.N.E.Ry.(Poughkeep8ie Bridge),
including trackage, a total of 13 miles; 8. E.
P. RR., PhlUlpsburg
In that city.
A
[Vol. Lxxvni.
hinuts— jrruioiINTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks— Last
Whom.
Dividend.
Payable
Cent.
1896 $1,000
$310,000
1901
1,000
300,000
1893
1,000
600,000
1881
1,000
800,000
1887
1.000
164,000
1879 500 &o.
145,000
1881 500 &o.
240,000
1890
1,000
1,124,000
1895
1,000
431,000
1902
1,000
300,000
1903
1,000
600,000
50 40,441,100
1868
1,000
5,000,000
1870
1,000
6,000,000
1873
1,000
10,400,000
1873
1,000
12,600.000
1897
1,000
7,900.000
1903 l,000&o See text.
1901
925,000
1899
1,000
5,000,000
1895
1,000
2,000,000
1890
1,000
15,000,000
1891
1,000
10,000,000
1880
1,000
6,000,000
1895 500 &o.
51.000
1892
1,000
211,000
1866
1,000
1,500,000
1888
1,000
8,500,000
1884
1,000
750,000
1884
1,000
1,250,000
1886
300,000
100
706,700
100
....
903,000
per cent gold bonds, tax free, used to retire the several Issues of
78 maturing from 1898 to 1903 (see abstract in V. 64. p. 1182)
amounting to $43,192,000, and the balance, $6,808,000 in refunding said bonds and for general purposes of the company. The
mortgage oovers 829-54 miles of main line and branches—a considerable portion being double tracked— and 181*11 miles of leased lines.
:
j
&
N.Y.. Farm. L.
& Tr.Co. Jan.
6g.
J.
5
A.
&
J.
<fe
Tr. Co.
J. N. Y., Central Trust Co.
<fe
J.
g.
f g
5 g.
-
&
&
&
&
&
4*3
6
5
g.
5g.
g
3
5
-
<fe
g.
J*
4k &
J.
<fc
M.
g.
4g.
4g.
J.
A.
-
A.
-
4,
5
M.
M.
M.
g.
6g.
4
10
O.
O.
.).
do
do
J.
A.
A.
A.
J.
F.
F.
&
&
&
&
&
&
&
&
&
A
&
&
&
&
O.
8.
J.
O.
N.
N.
N.
D.
O.
O.
O.
J.
A.
A.
St.
do
do
D. Phila. Of., 228 So. 3d
& S.
& D.
D.
&N.
St.
do
do
do
do
do
do
Jan.
July
July
July
Apr.
July
July
1,
1,
1,
Jan.
Warwick, N. Y.
Phila.,927 Chestnut
J.
Oot.
1,
1,
1,
1,
1,
1,
1,
Oot.
(
I
National Bank,
J.
M. <feN.
Various
4*2g. J.
g
i
4kg.
g
I
4k, 5
]
N. Y., Nat'l Exoh.
Bank, and First
<fe
M.
M.
4g.
San Fran. Mere.
O.
<fe
6 J.
4k<&6
5
J.
J.
J.
O.
1,
1923
1931
1923
1911
1917
1911
1912
1920
1945
19f2
1953
1893
June 1, 1948
Sept. 1, 1910
Deo. 1, 1923
Irredeemable.
May
May
1997
2003
To Apr., 1908
Deo. I, 1909
N.Y., Central Tr. Co.
PhlL.Leh. VaLOf & N. Y. Sept. 1, 1945
N.Y.,Meroh.N. Bk.&Ph. July 1, 1940
do
do
Oot. 1, 1941
Phila. Of ., 228 So. 3d St. May 1, 1920
Nov. 1, 1935
do
do
Philadelphia.
Nov. 1, 1942
do
June 1, 1906
Phila., Lehigh Val. RR. Apr. 1, 1939
do
do
Apr. 1, 1914
do
do
Apr. 1, 1914
do
do
July 1. 1906
Phil, office, 228 S.3d St. Feb., 1904, 2%
do
do
Feb., 1904, 5%
Philadelphia.
1,
1,
.
,
to Easton, lmile; trackage, Penn RR., Belvldere to Phllllpsburg, 13
miles total oper., 90 miles.
The Central RR. of N. J. and Lehigh Coal <& Nav. Co. control the
road. V. 68, p. 568. Stook, $1,340,000; par, $100.
Bonds.— Of the $1,124,000 general mortgage bonds out, $1,062,000 are guaranteed jointly, prin. and Interest, by the Cent. RR.
of N. J and Leh. Coal & Nav. Co. An additional $1,535,000 are reserved to take up prior liens and $330,000 for extensions or acquisitions of connecting roads. See form of guaranty, etc., in V. 67, p. 788.
Bills payable for [equipment, $100,000, bearing 5 p. c. interest, due
;
Apr. 15 and 16, 1904.
Earnings.— 6 mos., 11903
Gross, $232,337; net, $93,473
July 1 to Dec. 31.
Gross. 193,239; net,
51902
76,722
Surplus over charges, $23,651, against $8,787 in 1902,
Annual Report.—Including Orange County RR.—V. 77, p. 2277.
Tear end. June 30.
Net.
Int., tax, etc. Bal., sur.
Gross.
1903
$443,678
$180,748 $166,062
$14,686
1902
166,663
157,247
386,876
9,416
Lewis A. Riley, President, Philadelphia, Pa— ( V. 77, p. 227 7.)
Lehigh & New England RR.— Operates road from Slatington,
Pa., to Campbell Hall. N. Y., 96 miles, and Martin's Creek to Bath, 15
miles, the latter oompleted in July, 1903, of which two seotions, aggregating 32 miles, belong to other companies, leaving 79 miles owned.
History.—A reorganization July 1, 1895. of the Penn. Poughkeepsle
& Boston; foreclosed. Da Jan.. 1904, Lehigh Coal & Navigation Co., it
was understood, acquired an interest. V. 78, p. 229.
Securities.- Stock Is $1,500,000, par $50. Mortgage of 1895 is for
$1,000,000, of which $569,000 for improvements and exten's.— (V. 62,
p. 134.) Current liabilities June 30, 1902, $262,493. There were also
$75,000 collateral trust bonds and $20,000 equipment 6s. Of the
consols of 1903 ($3,000,000 authorized issue), $1,300,000 are issuable
to retire the existing bonds, the remainder being available for extensions and improvements; trustee, City Trust, Safe Deposit <fe Surety
Co. of Philadelphia.
V. 77, p. 951.
Earnings.— For year ending June
30, 1903, gross, $166,196; net,
$51,969; charges, $53,798; balance, deflolt, $1,830.— (V. 78, p. 229.)
Lehigh Valley
(See Map.)— Embraces main line from
Jersey City, N. J., opposite N. Y. City, to Buffalo, N. Y., 450 miles,
with branches, viz.
Fee or Entire Stock Owned—
Maj. 8tockO\rncd — Cont.
Miles
Miles. Lehigh & N. Y„ Pa. State
Buffalo, N. Y., to Sayre, Pa.
181
LinetoNo.falrHaven.N.Y. 115
Wilkesbarre, Pa., to Jersey
Other
70
City
174
Le 'ted
Elmlra Cortland &Nor.1T.... 139 State Line & Sullivan
ff24
RR.—
.
—
Branches
502
Other
4
Majority Stock Ovoned^
Trackage to;Susp.Bridge,eto.
49
Pa. <fe N. Y., Wilksb're to Pa.
State Line (with 45 miles
Total June 30, 1903
1,399
branohes)
141 Second Track
573
History, Etc.— In March, 1897, J. P. Morgan & Oo. aoquired, the
voting power for a large blook of the stook, see V. 64, p. 517, 754; V.
68, p. 474, and In June, 1899, purchased about 75,000 shares of stook,
being one-half of the holdings of the Asa Paoker estate, and In Jan.,
1901, the remaining half, these, together with other acquisitions, plaoing them In praotioal control. V. 68, p. 1226; V. 70, p. 1049; V. 72, p.
877 In 1901 representatives of the Erie, Lackawanna, Central of New
Jersey, Reading and Vanderbilt interests entered the directory. V.
72, p. 137, 391. The Lake Shore A Mich. So. in 1901 purohased $3,200,000 of the stook. V. 74, p. 883. For list of securities owned, see V.
66, p. 187. As to merger in 1903 of sub. companies under names of
Lehigh Valley Ry. of New York and New Jersey, see V. 77, p. 972.
Coal Property.—The Lehigh Valley RR. Co. owns 3,619 acres of
ooal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.,
whioh In December, 1893, owned anthraoite ooal and surface lands
Total acres.
Ooal acres.
EsCd. yield.
Owned In fee
15,217
7,242
124,000,000
Perpetually leased
8,123
5,741
111,000,000
Term leases
1,708
1,708
47,00u,000
Controls through stook owned.. 9,229
4,519
50,000.000
Collieries 54. dally capacity about 30,000 tons. (V. 62, p. 364.) The
naze lton Coal Co. (ohartered In 1896) stook is owned and its $2,000,000 firs t mortgage 5s also owned are guaranteed—see V. 64, p. 137. In
1900 Delano Land Co. was merged in Leh. Val. Coal Co.— V. 71, p. 287.
The Coal Co. shipped from collieries owned 3,531,677 tons in
1902-03, against 3,019,755 tons in 1901-02; total coal tonnage In
1902-03, was 5,936,016.
Dividends.—
)
'86.
'87.
'88.
'89.
'90.
'91.
'92
'93.
none
4
4k
5
5
5
5
since
5k 4
BOND8-The general consolidated mortgage of 1903 will seoure$150,000,000 bonds, bearing not to exceed 5 per cent interest, covering the
entire road, the stook of the Lehigh Valley Ooal Co. and other stooks
owned. A sufficient amount will be reserved to retire at or before
maturity the outstanding fixed obligations (exoluslve of car trusts
and some minor matters) amounting to about $94,204,000, (lnoludlng
the collateral trust bonds, whioh will be called when convenient), on
payment of whioh the general consols will be a first lien on all the
property of the system, except as to $12,600,000 annuity bonds, which
Since '85.
P. ft.
s
API!.. 1904.]
RAILWAY STOCKS AND BONDS.
1651
—
)
.
RAILWAY STOCKS AND BONDS.
L652
RALLROADb.
Miles
For explanation of oolumn headings, &o., see notes
on first page of
tables.
Lehigh Val.— (Oon.)— 8nowSh. 1st M.notgu.GP.r
L. VCoal Co. 1 st M. $1 2,000,000,g. s.f ,not drn.o*<ftr
.
Delano L'd 1st M.,
g., gu.. s. f.
Date
Size, or
of
of
Par
Miamir- 8t'k,oom.,gu.8 p.o.,99 yrs.,P.C.&St.L,
o
Renewal mortgage
New M. ($3,000,000)— V. 72, p. 184, 241, 1080...
mmm
>
-
•
—
••
g., gu.p.&i.end.SSt
Nav. RR.<6 Goal— Stock (rental gu.
e*
Long Island— 2d (now 1st) mortgage
Consol. mortgage, gold ($3,610,000 are 5 p. o.)Ce
General mortgage, gold Ce
L. I. RR. M. on ferry for $2,750,000, gold. Ce..c*
Stewart Line tf. of 1932 for $500,000, gold.Ce..
Debenture ($1,500,000) gold, not subject to oall.
New York <fe Flushing 1st mortgage, assumed
B'klyn & Montauk 1st M., $250,000 are 6s.Ce.o*
2d M., g., ass'd, Bus. Sta. to Eastp. & brs.Ce.c
Long Island City & Flushing 1st M., assumed., o*
Little Schuylkill
C
o*
Consol. mortgage gold, assumed.Ce
N. Y. Bay Extension, $200,000, 1st M., assumed.
Extens'n, $600,000, 1st M., assumed ...
Montauk
cfer
Unified M.. $9,673,000, g. call 110
Refund.
$45,000,000, g., guar., p. & i.Bq,..c*
M
Usm
,
1880
$500
1893 l.OOO&c
1892
1,000
1902
1,000
1904
1895
1,000
1896
1.000
1899
1,000
'99-'02
1,000
....
92
Little
L. Rockdt Hot Sp. West.— IstM.,
Outstanding
Road. Bonds Value.
*30,000y'ly.GP
Coal tr. ctfs., $3,000,000, oall. (text). GP.
Consol. Real Estate, 1st M., $1,800,000, gu.Usm
o*
Car trusts, K $50,000 due each F. & A
gold.GP > $25,000 due each F. ec a
Equip, trusts, gold, due $200,000 yearly. PeP..
Do gold, ser. "D" to "G," due $562,000 y'rly.
Maritime mortgage bonds, $120,000 due yearly.
Lextngt. <t East'n— l6tM.,g.,ext.in'01,red.l02Ce.o*
r
General mort., gold. Co
Little Falls <£ Dotgeville-lBtM., $250,000, gold...
L. V.
Amount
84
84
53
32
155
156
163
18
.-
•
2
76
76
12
19
6
21
316
316
1895
1,000
1895 l.OOO&c
1903 100 &c
- •
50
1882
1,000
1901
1,000
1899
1,000
...
50
1878 100 &o.
1881
1,000
1888
1,000
1892
1,000
1892
1,000
1894
1,000
1880
1,000
1881
1,000
1888
1,000
1881
1,000
1887
1,000
1893
1895
1899 l.OOO&o
1903 500 &c.
are a perpetual charge old bonds may, however, be extended if necessary. Provision may be made at the time of issue of bonds thereunder for the right to convert into stock at the pleasure of the holder
not over $25,000,000 at any one time. It is intended to issue $10,000,000, as required, on account of advances made and to be made in
payment of oar trusts matured, eto. Additional amounts to be issued
for improvements are limited to $2,000,000 yearly, or such larger
amounts as may be authorized by stockholders. V. 77, p. 824; V. 78, p.
287. The mort. and coll. trust js of i8qy are subject to call at lO?^.
Guaranties —Elmira Cortland <k Northern RR. This road, with
the Canastota Northern, runs from Elmira to Canastota and Camden, N. Y.. 140 miles. Stock, $2,000,000, is owned. V. 62, p. 364, 1177.
Lehigh Valley Railway do. of New York.— Owned Buffalo, N. Y., to near
Sayre, Penn., 175 m. double track, and branches to Ithaoa, Auburn,
etc., 110 m.; in all 285 m., covered by $15,000,000 moitgage of 1890,
but In Aug., 1903, consolidated with other sub cos.; total mileage
now is 359 miles. Stock, $7,720,000, all owned by Lehigh Val. RR. Mortgage abstract V. 51, p. 114. V. 65, p. 412, 1071; V. 77, p. 147, 972.
Lehigh Valley Terminal Railway. -Owned double-track road from
South flainfleld, N. J., to Jersey City, with about 125 acres at Jersey
City and a large water front there, eto. Merged in Aug., 1903, with
other subsidiary companies in L. V. Ry. of N. J., having total mileage
of 110 m., its $16,454,000 stock being all owned by Leh. Val. RR. V.
77, p. 972. V. 53, p. 640, 880. Car trusts, $900,000.
Morris Canal. Leased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. See V. 50, p. 137.
Pennsylvania <£ New York Canal dk Railroad. Leased for 99 years
from December 1, 1888, to Lehigh Valley, which has assumed its debt
and owns all Its stock. Consol. mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols include $4,000,000 of 5
per oents, $3,000,000 of 4s, $1,500,000 of 4*28. V. 62, p. 950.
Lehigh <6 New York RR.—Near East Waverly to Fairhaven, on Lake
Ontario, 115 miles. V. 61, p. 558, 750 V. 62, p. 134; V. 71, p. 1311.
Lehigh Valley Coal Co.— See " Coal Property" above.
The Coal Co. trust certificates of 1902 ($3,000,000 authorized) will
be secured by $4,000,000 In value of " anthracite coal and the proceeds thereof; " they are subject to oall in whole or in part by lot at
any time at 102** and int. or at par on Deo. 1, 1907. V. 75, p. 1254.
Consolidated Rent Estate Co.— See V. 78, p. 1223.
Latest Earnings.—From July 1 to Feb. 29 (8 months), charges as
shown below Include $461,333 for additions and improvements,
against $836,000 in 1902-3:
Qrosi.
Net.
8 mot.
Oth. Inc.
Charges.
Bal., sur.
1903-4. ..$19,285,925 $6,893,329 $385,812 $4,355,642 $2,923,499
1902-3... 15,945,427
3,500,030
274,525
4,789,852 df. 1,015,297
Net income of coal companies additional to above, $551,675 in
1903-4, against $368,694 in 1902-3.
Annual Report.— Fiscal year ends June 30. The report for 1902-03
was given in V. 77, p. 822, 946, 969. See also editorial, p. 931
1902-03.
1901-02.
1900 01.
Earnings from coal
$10,104,764
$9,328,959
$9,636,803
Miscellaneous freight
11,609,706
9,627,287
9,272,317
Passengers
3,191,639
3,664,820
2,989,004
Mail, express, eto
1,748,394
1,298,902
1,584,443
;
—
—
—
;
[Vol. lxxviii.
HotMd— .friiioiINTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks— Last
Whom.
Dividend.
Payable
Cent.
$367,000
o
11,514,000
5 e1,089,000
5 g2.000,000
5 g1.800,000
5
150,000
5 g.
125,000
5 g.
4*2 g.
1,200,000
3,410,000
4*2 g.
365,000
5 g.
850,000
5 g.
1,500,000 See text.
250,000
3g.
4,943,100
1,500,000
I*
3ifl
1,417,000
1,140,000
2,487,850
268,703
4,731,000 4&5g.
3,000,000
4g.
1,494,000
4*ag.
332,000
i g
1 1,135,000
g
125,000
i
1,000,000 5&6g.
600,000
600,000
650,000
8a 100,000
I
a 315,000
5
9,673,000
4g.
10,000,000
4g.
Philadelphia.
Jan. 1, 1910
& J.
do
do
Jan. 1, 1938
& J.
do
do
Jan. 1, 1932
& J.
& D. Phila., Girard Trust Co, Deo. 1. 1912
1954
& A.
Phil., Girard Trust.
To Feb., 1906
F. & A.
do
do
To Aug., 1906
F. & A.
& D. Phila., Penn.Co.forlns, To June 1, '09
Philadelphia.
1904 to 1910
Various
To May 1,1907
M. & N.
July 1, 1911
J. & J. N. Y., J. K. Tod & Co.
See Text
Feb. 1. 1935
F. & A.
1933
J. & J. N. Y., Am. Ex. Nat. Bk.
-M./o Cinn.,Otfioe, IstNat.Bk. Mar. 10, '04, 2
ft & N. N. Y., Bank of America. Nov. 2, 191 i
do
do
Feb. 1, 1951
F. & A.
July 1, 1939
St. Louis and Phila.
J. & J.
J. & J. Phila., Of., 410 Walnut Jan. 15,'04.2i«
F. & A. N.Y..U.S. Mort.&Tr.Co. Aug. 1, 1918
do
do
July 1, 1931
Q.-J.
do
do
June 1, 1938
J. & D.
Mch. 1, 1922
do
do
M. & S.
do
do
June 1, 1932
J. & D.
do
June 1 1934
do
J. & D.
do
do
Mch. 1, 1920
M. & S.
Moh. 1, 1911
do
do
M. & S.
June 1, 1938
do
do
J. & D.
May 1, 1911
do
do
M. & N.
May 1, 1937
do
M. & N.
do
do
do
Jan. 1, 1943
J. & J
Jan. 1, 1945
do
do
J. & J.
Mar. 1. 1949
do
do
M. & 8.
New York.
Mar. 1, 1949
M. & S
J.
J.
-
5 years and 5 p. c. yearly thereafter to maturity. Deferred debentures will be Issued from time to time for balance of the interest
not paid in cash on the general mortgage bonds accruing after Aug. 1.
1901, suoh debentures ($375,000 eventually) being payable without
Interest whenever the company shall decide, either in cash or general
mortgage bonds, but to become payable immediately in case any dividend i6 declared on the stock. Loans payable June 30, 1902, $27,850.
EARNTNOS.-8 months, 51903-4
Gross, $432,283; net,$110,206
July 1 to Feb. 29.
Gross, 353,8b2; net, 140,869
( 1902-3
Year ending June 30, 1903 (119 miles), gross, $574,788; net, $225,058; interest, $117,500; terxes, $12,900; rentals, etc., $37,861; bal.,
sur., $56,797. President, Arthur Cary, Lexington, Ky. (V. 76, p. 542.)
Lime Rock
Owns road in and around Rockland, Me., 11
miles; trackage, 1 mile; total, 12 miles. Stock, $450,000; controlled
by the Rockland-Rookport Lime Co. of Maine. Bonds. $400,000 consol.
ref 3o-year gold 4s, due July 1, 1929 ($l,ooo each), int. Jan. and July,
at Portland, Me. Year ending June 30, 1903, gross, $79,479; net,
$37,935; other income, $2,898; charges, $18,622; dividends (3 p. c),
$13,500; bal., sur., $8,711. Office, Rockland, Me.
Little Falls
Dolgeville
Little Falls, N. Y., to Dolgeville, 10 miles. Suocessor in Dec, 1902, to foreclosed road of same;
name. V. 75, p. 48. Stook, $250,000. Bonds, see table. For 6 mos.
ending June 30, 1903, gross. $22,126; net, $7,263; charges, $2,325.
President, Dumont Clarke; Treasurer, E. R. Wauokel. (V. 75, p. 48.)
Little
Parkersburg, W. Va., to Palestine, 30
miles, thence by steamer, 20 miles, to Creston; total, 52 miles.
Stock, $3,000,000 authorized; issued $509,500. In April, 1902, a
syndicate representing the Gould interests acquired the road. See
W. Va. & Pitts, item, V. 74, p. 777. For year ending June 30. 1903,
gross, $70,454; net, $15,587.
J. T. Blair,
Prest., Parkersburg,
W. Va.— (V. 75, p. 442, 666, 1302; V. 76, p. 1030.)
Little Miami
Owns Cincinnati, O., to Springfield, O., 84
miles branch, Xenia, O., to Dayton, O., 16 miles; leases, Columbus
RR.—
RR.—
&
Kanawha RR.—
RR.—
&
$26,654,503
18,980,180
$23,919,968
17,981,199
$23,482,567
18,668,024
$7,674,324
604,924
$5,938,769
533,230
$4,814,542
890,796
XeniaRR., Xenia, O., to Columbus, O.. 55 miles; Dayton & West. RR.,
Dayton, O., to Ind. State Line, 38 m.; Cin. St. Con.RR., 2 m.; tot. 195 m.
Lease.—On Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Louis
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the contraot and
guarantees its faithful execution. Rental is 8 per oent on $4,943,100
stook and interest on debt. Lessee's report shows results to lessee:
In 1898, loss $222,225; 1899, profit, $54,725; 1900, $65,989; in 1901
profit, $67,151; in 1902, loss, $92,069; in 1903, loss, $241,593. Stock
auth., $8,000,000. Beginning Deo., 1899, 15 per oent extra has been
paid each Deo. and June from the surplus invested fund, making dividend 8% per cent yearly Of the 3*as. $1,358,000 were, on Jan. 1,
1903, owned by the Penn. RR.— (V. 72, p. 241, 1080; V. 74, p. 427.)
Little Rock & Hot Springs Western RR.— Owns Hot Springs
to Junotion, Ark.. 53 miles, ol which Benton to Little Rook, 23 miles,
is leased to Choc Oklahoma & Gulf RR. V. 68, p. 85; V. 69, p 283;
V. 73, p. 722. Stock, $1,140,000, all owned by St. Louis Iron Mountain & Southern Ry. (Missouri Paoiflo system) which guarantees the
bonds, principal, and interest, by endorsement. V. 78, p. 583. Year
ending June 30, 1903 gross, $150,017; net, $33,168; other income,
$18,371; deductions, $58,519; bal., def., $6,980.— (V. 78, p. 583.)
Little Schuylkill Navigation RR. & Coal.— Owns from Port
Clinton to Taraanend and Reevesdale, 32 miles. Re-leased on Dec.
1, 1896, to Phila. & Read. Ry. for 999 years, and rental reduced from
7 p. c on stook to 5 p. c, gold from Jan. 1, 1897; in 1898, 5*3 p. c; in
1899, 5^: in 1900, 5; in '01, 5>«; 1902, 5*3 p. c; 1903, 5 p. c; 1904,
Jan., 213 p. o. Lesseepays taxes and organ, expenses.— (V. 73, p. 554.)
Total income
$8,279,248
Additions and Improvements. $1,266,182
Interest and rontals
5,111,398
Taxes
613,405
Miscellaneous
176,673
$6,471,999
$1,438,676
5,090,317
615,467
105,449
$5,705,338
94
$5,094,329
622,805
260,817
and operated from Jan. 1, 1902, as a part of the Vandalla system Stock.
Obligations due Pennsylvania Co. Deo. 31, 1902, bearing 4 p.
0. interest, $1,350,000; advances by Penn. Co. at 4 p. 0. yearly, $225,000; int. due on advances, $78,941. For 1903, gross, $217,800; net,
$13,169; int., etc, $63,766.— (V. 74, p. 41.)
Long Island RR.— Operates the steam surface roads of Lonp Isl.
Owns—
Miles.
Leases—
Miles.
(1T Whiohsee.)
Long Island City to Greenport. 95 N. Y. & Rookaway Beach Ry.1T 12
Long Island City to Montauk.. 115 Jamaica South Shore.
5
Sundry branohes
106
(V. 78, p. 102.)
N. Y. B'klyn & Man. Beach f.. 18
Total owned
316
Leases—
(V. 77, p. 2098.)
Brooklyn A Jamaica RR
10
Total June 30, 1903
391
North Shore Branoh RR
30 Double track
106
Stock—$12,000,000; par, $50; of which Penn.RR. owns $6,797,900.
Dividends.— < 1882. '83 to '90. '91. '92. '93. '94. '95. '96. None
Per oent.
*
1
4 yearly 4ij
5
4
4 since.
Bonds.—The refunding 4s of 1903 ($45,000,000 authorized issue)
are seoured by a Hen on the entire road subjeot to the $26,605,000 outstanding old bonds, to retire which an equal amount is reserved;
of the bonds, $10,000,000, guaranteed as to principal and interest,
by the Pennsylvania RR.,were sold, the prooeeds to be used for various
Improvements and additions in connection with the Pennsylvania
tunnels to and through New York City, principally for additional terminal facilities at Bay Ridge and Long Island City and for a double-
Total gross
Operating expenses
Netearnings
Other income
Total deductions
$7,167,659
$7,249,909
Net income
$1,111,589 dof.$777,910
Net Income coal properties...
895,919 df.1,098,798
Total net income
$5,977,951
def. $272,6 13
$2,007,508 df.$l,876,708
Pres., E. B. Thomas, 143 Liberty St., N. Y.; 2d V. P., J. A. Middleton;
Treas., W. C. Alderson; Sec, D. G. Balrd. 228 So. Third St.. Phila. Executive Com. Chairman, Eben B. Thomas; Geo. F. Baker, E. T. Stotesbury, Charles Steele, H. MoK. Twombly and Geo. F. Baer.
Directors— Edward T.Stoteabury. Norman B.Re mi,.J<.Heph Wharton.Beauveuu
Borle, Charles Steele. Irving A. Stearns, A brum NoBbltt, II. iMelv Twombly
Hben B. Thomas, Ueor«o F. Baker, E. B. Smith, Geonje F. Baer and
Knot. C. Mjiplncott.
(V. 77. p. »4«. 951, 969, 2159, 2280; V. 78, p. 1223, 1446, 1497.
:
—
Lexington
&.
Eastern Ky.— Owns from Lexington,
Ky., to Jaokmiles. Operates Ohio & Kentucky Ry., Jackson
Ky., to oannel coal fields in Morgan Co., 26 miles. Stook, $500,000;
par, $100. Reorg. without foreclosure In 1901 per plan V. 73, p. 663.
Bonds.—The first mortgage 5s were extended at same rate of interest
to July 1, 1911, the oonrpany having the right to oall and redeem all or
any of them at 102 and interest. All Interest on the general mortgage
bonds was waived to Aug. 1, 1901, Interest thereafter to be paid in cash
Feb. and Aug 1, as follows: 2 p. o. yearly for 5 years, then 3 p. o. for
on.Ky., about 92
Logansport
&
Ry.—
Toledo
Logansport, Ind., to Butler, Ind.,
miles. Successor on 8ept. 12, 1901, to Eel River RR., sold under
order of Court and purohased in the interest of the Pennsylvania RR.,
$4,900.
<fe
54%
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1653
K
.
RAILWAY STOCKS AND BONDS.
1654
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fec,
see notes
:
:
Date
Size, or
of
of
Par
Road. Bonds Value.
[Vol. lxxviii.
INTERE8T OR DIVIDENDS.
Bonds— Princi-
Amount
Payable, and by pal, When Due.
When
Outstanding Rate per Payable Where Whom.
St'ks-L&atDW.
Cent.
Long Island— (Concluded)—
Leased Lines, Principal or Interest Guar ANTEE D.
30 1892 $1,000
L.I.RR.N.Sh.Br.cons.M.$l,425,000,gu.p.<fel.Ceo*
1*85
19
1,000
N. Y. B. &Man. B.lstcon.'M.$l,726,00O g.,gu.Ce
1,000
1887
N. Y. & Rock. B., 1st M. $984,000, gu. p. <fel.Ce.
10 '86-'91 1,000
P. P. & C. I.. 1st and 2d. ($96,000 2ds) <ra. p. & L
1,000
Lou. <* ArA.— IstM. ,$7,000,000, g..S c*&r. Text. 148 1902
36 1895
1,000
Louisiana <£ Northwest RR. First mort., gold
1,000
Louisiana Ry. <£• Nav.— 1st M., g. 8ee text. F..Cfer 198 1903
45 1897
500
La. Scntth'n—X&t M., g.,red. at 105 after 1902 Ce.o
1,000
Ceo" 106 1881
Louisiana Western 1st mortgage, gold
101 1901
1,000
Louisv. <t Atlantic— lBt mort., gold, $1,000,000.
—
—
Louisville Bridge Co.— Stock
Louis. E. <t 81. L.— 1st mort., $2,500,000, gold.lTIo
165
Louisv.d Jeff.Bridge—$5,000,000,g.gu. p.<fci.,end.c'
Louisville <£ Nashville—Stock, $60,000,000
46
CeclLBr.l8tM.,CeoU.toLoul8.,8.f.,dr.atlOO.Uno"
E.H.&N.lstM., Hend.toNash.,g, dr'natllO.Ce.o* 151
Louis. <fe Nash, gen'l M., gold, drawn at HO.Ce.c* 802
175
L. C. & Lex. 2d m. s. f not dr'n.Louls.to Newp't.C
Gen. mort. L. C. & L., gold< V.63, p.l010),Mlo.o' 175
L. & N. bds., S.& N. Ala. RR., 2dM. as col. g.ITn.c* 189
45
Pensaoola Div., IstM., gold (dr'n atl05).F..o*
N. O. & Mob. Dlv. 1st M., N.O. to Mobile, g.F.c* 141
141
2d mortgage, gold
. . *c
Boutheast'n & St. Louis Dlv. 1st mort., gold....o* 208
c"
208
2d M.,gold, East St. L. to Evansville & br
IstM. (50-year 5s), $15,000 p. m., gold. Us.. .c* 118
1st mort., collateral trust ($7,000,000) gold..Fc*
Unified mortgage for $75,000,000, gold.Ce.c*<fcr Text.
Col. tr.M., call par aft. 1908, $30,000,000, g.Uso*
- * *
St. Louis property, 1st M., gold, $650,000. SSt c
a In hanrlH of public; total issuer! shown in left hand
>
.
—
1896
1895
loe
500
1,000
100
1877 $1,000
1879
1,000
1880
1,000
1877 100 &o.
1881
1,000
1880
1,000
1880
1,000
1880
1,000
1880
1,000
1881
1,000
1881
1,000
1887
1,000
1888
1,000
1890 l.OOO&c
1903
1,000
1891
1,000
colum n; balan
track connection with the New Haven Roaci, for additional freight and
passenger terminals, tracks, equipment, etc.; the remainiug $8, 395,000 will be held for future requirements. V. 78, p. 583.
The ferry mortgage for $2,750,000 covers all the real and personal property pertaining to the company's ferries (34th Street and
James Slip). As to debentures see page 2 of Sup. of April, 1895.
The unified mortgage Is limited to the amount now outstanding.
Bonds are subject to call at 110 in whole or in part on any Interest
day. V. 68, p. 618. Morts. on real estate, $458,737. V. 76, p. 266.
Guaranties.— in addition to guaranteed bords in table above guarantees 5 p. o. on $650,000 New York Brooklyn & Manhattan Beach
preferred stock as part rental also 4*2 p. o. on $50,000 P. P.
So. Br.
etook, and 4^ p. c. on $82,500 of the N. Y. & Coney Island stock.
Finances.— In 1903 Atlantic Ave. (Brooklyn) improvement was
well advanced, the total cost being estimated as about $2,500,000,
of which one-half will be borne by the city.
See V. 72, p 722;
V. 64, p. 469; V. 65, p. 512; V. 66. p. 471; V. 73, p. 613, 1011, 1207; V.
1145; V. 76, p. 435.
75, p. 135, 342,
Construction is in progress on the extension of the Rapid Transit
tunnel [being constructed by city] from Manhattan under the East
River and thenoe to Flatbush Ave. Station, Brooklyn. V. 75, p. 30,
185. The Pennsylvania RR. Co. is also proceeding to build an underground (tunnel) electric railroad for passenger service from Jersey
City, under the Hudson River to a central .passenger station at 33d
Street and 7th to 10th avenues, and thence under the East River to a
connection with the Long Tsland RR. and thus with the N. Y. N. H.
H. RR., see V. 74, p. 830; V. 75, p. 1203.
Latest Earnings.—July 1 to Deo 31, 6 months:
Gross.
Net.
6 mas.—
Other inc.
Charges,
Balance.
1903
$992,517 $163,936
$959,572
$3,870,856
$163,936
1902
1,142,170
143,948
3,543,820
854.167
431,951
Annual Report.—Report for 1902-03 was in V. 77, p. 2387.
Tear ending June 30— 1903.
1902.
1901.
1900.
Gross earnings
$6,440,990 $5,883,607 $4,862,347 $4,557,259
Operating expenses.. 4,787,968
4,111,550
3,516,705
3,276,073
&
;
&
Net earnings
Total net
Diterest on bonds
Taxes
Rentals
Miscellaneous
Reserve fund
Extraord. exp., etc
None.
Balanoe
President,
.
$1,653,023 $1,772,056 $1,345,642 $1,281,186
$1,990,087 $2,104,744 $1,631,552 $1,557,098
967 ,068
860,613
837,280
837,280
239.515
210,832
258,701
232,084
442,851
484,295
322,800
322,800
3,381
4,749
16,962
5,440
84,127
544,255
195,809
100,000
253,145
W. H. Baldwin
Jr.
None.
None. sur.$59,494
Treasurer is Robert W. Smith, Broad
Philadelphia.— (V. 77, p. 824, 2387. V. 78, p. 48. 583.)
Arkansas Ky.— (See. iVnp.)— Hope, Ark., to Jena*
La., 187 miles. Extension proposed to Natchez, Miss., 47 m., and Paokton southerly to Alexandria, 36 miles. V. 75, p. 135, 1306.
Stock.— Stock (authorized, $7,000,000, outstanding, $2,625,000,
shares par $100), deposited with the Standard Trust Co. of New York.
Voting trustees 10 years: William Buchanan, Edward E. Porter, Benj.
F. Yoakum, Harvey E. Fisk and Charles L. Pack.
Bonds.— Former bonded debt $600,000 at 6 p. c. has been paid off
New issue of 5 p. o. 25-year bonds Is for refunding, betterments, equipment and extensions; total authorized, $7,000,000, of which $1,000,000 reserved for bridges across Black and Red rivers, and the balanoe
limited to $20,000 per mile of oompleted railroad. The entire amount
outstanding, but no part, will be subject to redemption at 110 after
Sept. 1, 1907. Beginning with 1907 a sinking fund of $55,000 per annum to buy bonds at 110 or under.
Earnings— 8 months. ) 1903-4
Gross, $436,699; net, $109,509
Gross, 831,448; net, 100,314
July 1 to Feb. 29.
J 1902-3
Report.— Report for year ending June 30, 1903, was given at length
In V. 77, p. 2032, 2044, showing;
Other inc. Charges. Balanre.
Miles. Gross.
Net.
Year—
1902-3
127 $532,534 $160,827 $17,843 $70,027 $108,643
97
182,957
19012
478,532
33,001
149,956
Pres., Wm. Buchanan, Texarkana, Ark.— (V. 78, p. 102, 1392.)
Owns Magnolia, Ark., to a point
Louisiana North west
7*3 miles south of Bienville. 79*60 miles; trackage, Magnolia, to McNiel,
6-40 miles. Extension to Natchitoches, La., 36 miles, to be oompleted
early In 1904; further extension proposed to Crowley, 110 miles.
Stock, $3,000,000 authorized; issued in Oot., 1903, $700,000, par,
$100. Loans and bills payable June 30, 1903, $241,144; oar trusts,
$76,387. Trustee of flrst mortgage bonds. People's Trust Co., BrookThere are also 50-year gold consols at $7,500 per mile,
lyn, N. Y.
8t. Station,
Louisiana
&
&
RR.—
owned by company. Year ending June 30,1903 (86 miles), gross,
164,200; net, $74,501; Int., taxes, etc., $19,199; bal.. surplus, 855,.
?02. Gen. Man., J. D. Beardsley, Glbsland, La.— (V. 73, p. 957.)
all
Louisiana Railway Ac Navigation Co.— Owns Shreveport
to
Baton Rouge, 222 miles; also branoh from Colfax to Winntteld, 28
miles. Branoh is under construction from Camptl to Chestnut, La., 14
miles. Also authorized to build to New Orleans (surveys having been
made and N. O. terminals and street franchises prooured) and to
Gulf of Mexico.
a$ 1, 262,000
5 g
al,601,000
a 883,000
5 g.
4*2
436,000
2,449,000
5 g.
100,000
5 g.
4,868,000
41ag.
250,000
5 g.
2,240,000
1,000,000
5 g.
1,500,000 See text.
2,200,000
l g
3,500,000
4 g.
60,000,000 5 In 1903
195,000
7
1,730,000
£ g
8,584,000
892,000
4ifl g.
3,258,000
dl,926,000
6g.
e544,000
gl
£
5,000,000
1,000,000
£ g
3,500,000
i g
3,000,000
3g.
fl,749.000
5g.
g4.940,000
g
A gb29,644,000
4
23,000,000
g
£ g.
617,000
5
ce under uni fled mort
Q—J.
-
-
-
J*
2*
-
-
-
-
N.Y..U. S. Mort.&Tr.Co.
Oct.
1,
1932
& O. N. Y., Corbin Bank'g Co. Oct. 1, 1935
M. & 8. N. Y.,U. 8. Mort.& Tr.Co. Sept. 1, 1927
do
do
1926-1931
8emi-an
M. & 8. N. Y., Fisk & Robinson. Sept. 1, 1927
J. & J. N.Y., Boody, MoL.&Co. Jan. 1, 1945
J. A J. N. Y., Farmers' Tr. Co. July 1, 19f3
M. & S. N. Y., R.Winthrop <fcCo. Mar. 1, 1950
J. & J. N.Y., 8. PacCo., 23 B'rd July 1, 1921
M. & N. N. Y., Knlck. Trust Co. May 1, 1941
Louisville, Ky.
See text.
F. & A.
Jan., 1946
J. & J. N.Y.,Bk.of Am.& Louis.
M. & 8. N.Y.,J.P.Morgan&Co. Moh. 1, 1945
F. A A
N. Y., 71 Broadway. Feb.|10 '04,21a
8.
do
do
Mch. 1, 1907
M.
do
Dec. 1, 1919
do
J. & D.
do
June 1, 1930
do
J. & D.
do
do
Oot. 1, 1907
A. & O.
do
Nov. 1, 1931
do
M. & N.
do
Apr. 1, 1910
do
A. & O.
do
Mch. 1, 1920
do
M. & 8.
do
do
Jan. 1, 1930
J. & J.
do
do
Jan. 1, 1930
J. & J.
Moh. 1, 1921
do
do
M. & S.
do
do
Moh. 1, 1980
M. & 8.
May 1, 1937
do
M. & N.
do
Nov. 1, 1931
do
do
M. & N.
July 1, 1940
do
do
J. & J.
New York
Apr. 1, 1923
A. & O.
A.
<fe
M.
&
Louis, St. L. Tr. Co. Mch. 1, 1916
d, e, f, s, see foot note on next page.
8. St.
b,
Successor on June 22, 1903, of the Shreveport & Red River Valley
Ry. V. 77, p. 36. Stock author., $12,000,000; outstanding July, 1903,
$3,842,000; par.$100 Bonds (see table above) are limited to $17,500,000 total Issue and $23,000 per mile; $300,000 has also been issued for
a bridge over the Red River at Alexandria; $4,000,000 is reserved for
New Orleans terminals. See oflioial statement, V. 77, p. 36; V. 77, p.
769. Pres., Wm. Edenborn, 8 Bridge St., N. Y.; Sec. and Aud., H. B.
Helm; Treas., Clarence Ellerbe, Shreveport, La.- (V. 77, p. 36, 769.)
Louisiana Southern Ry.—Operates from New Orleans to Belalr
and Shell Beach, 45 miles. See V. 64, p. 83. In Jan., 1901, the
United Ry. & Trading Co. of England acquired over 95 p o. of the stock
and bonds, that company also owning the Kenilsworth Sugar Estates,
10,000 acres. V. 76, p. 706. Btock, $300,000, par $100. Dividends in
1900-01, 7 p. c; in 1901-02, 7^ P. o. Year 1901-02. gross, $98,289;
net, $50,961; int. and tax., $18,029; bal., sur., $32,932. -(V.76, p. 705.)
Louisiana "Western
(See Map of Southern Pacific.)—Owpb
from Lafayette, La., to Sabine River, 106 miles; Midland to Eunioe;
24 miles; Midland to Abbeville, 34 miles; total, 164 miles. Operated
Independently, but in connection with Southern Paoifio Co. system,
which owns practically all the $3,360,000 stock.
Earnings.— 7 months, ) 1903-4
Gross, $1,144,280; net, $403,273
July 1 to Jan. 31.
5 1902-3... Gross,
1,168,165; net, 512,932
In year ending June 30, 1903, gross, $1,886,413; net, including other
Inoome, $709,569; surp. over charges, $524,181.— (V. 74, p. 268.)
Louisville A. At.
Versailles, Ky.,to Beattyville Jot , 101 m.
of which Miller's Creek to Beattyville, 28 miles, opened in Deo., 1902.
Stock, $1,000,000; par $100. Year endine June 30, 1903, gross. $179,379: net. $32,650; int., $62,143; taxes, $7,653; balance, def., $37,146.
Pres., J. P. Amsden; Sec, E. M. Wallace, Versailles, Ky.— (V. 71, p. 236.)
Louisville Bridge Co.— Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles traok additional in Louis-
RR.—
RR.—
&
&
ville. Used by several railroads, P. C. C.
St. L. Ry., Louis.
Nashville, etc. Surplus earnings are paid back to roads using bridge.
Stock is $1,500.000 ; Penn. Co.
Jan. 1, 1904, $900,000. Dividends, 1896,6i9 p. o.; 1897, 7 p. c; in 1898, 6 p. c; In 1899, Feb., 3
p. c; in Dec, 1903, 10 p. o. In Dec, 1903, the suit of the minority
owned
stockholders was settled, $150,000 of the $248,376 recovered being
distributed as a 10 p. c div.; balance held pending litigation with
Louisville & Nashville. See V. 78, p. 102. In July, 1900, paid 8 p. o.
dividend for the first half of 1900 and last half of 1899; May, 1901, 3
p.c; Oct., 3 p.c; Oct., 1902, 5 p. o; Mar 25, 1903, 3 p. c In 1903,
gross, $326,093; net over taxes, $153,016; dividends (10»fl p. c),
$157,5005 bal., def., $4,484.-(V. 78, p. 102.)
Louisville Henderson &. St. Louis Ky.— Road.— Louisville
Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
21 miles, is trackage owns also Lrvington to Fordsville, Ky., 44 miles.
History.—A reorganization June 1, 1896 (per plan In V. 62, p. 138)
Securities.— Stock, common, $2,000,000; preferred, 5 p.c non-oum.,
$2,000,000. The stock is to be held by John J. MoCook, Brayton
Ives and Oscar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote of trustees. See terms V. 62, p. 138.
Of the bonds $300,000 are reserved to build to Louisville.
to
;
Earnings— 6 months,
) 1903
Gross, $458,489; net, $144,708
July 1 to Dec. 31.
Gross, 411,597; net, 137,575
\ 1902
Report for year ending June 30, 1903, was in V. 77, p. 2033, showing
Gross, $808,548; net, $231,694; improvements, $42,371; interest, $110,000; taxes, $17,500; balanoe, surplus, $61,823.
In 1901-2,
gross, $696,064; net, $180,294.— (V. 75, p. 1 199; V. 77, p. 769, 2033.)
Louisville &. Jeflcrsonvllle Bridge Co.—One-half mile long
and the approaches one mile; opened Jan. 1, 1896. Also owns about
40 aores of land in Louisville and 100 acres In Jefiersonville. Stook.
$1,425,000; mortgage is for $5,000,000 (trustee U. 8. Trust Co. of
N. Y. and Union Trust Co. of Indianapolis); bonds for $1,500,000
are reserved for future oonstruotion, etc; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. & St. L. ro ails, in whose Interest the entire stock is owned.
See V. 61, p. 559.— (V. 62, p. 84.)
Louisville & Nashville l(K,-(S« Map.)— Road.—Operates main
line from Cincinnati. O., to New Orleans, La., 921 miles, with branohes
to St. Louis, Mo., Memphis, Tenn., etc, 2,518 miles, making total system proper June 30, 1903, 3,439 miles. The system includes
Lines owned absolutely or
through capital stock
Miles.
Louisvflle to Nashville
185
Sundry other lines
3,045
Lines leased. <tc.
ffSonth
A North Ala. RR
Otherlines
189
20
Reported separately.
Miles.
TlNashville Chatt. & St. Louis. .942
614
n Georgia Railroad system
IT
Atlanta Knox.
&
&
Northern.. 228
Louisville
Ohio. Ind.
656
Operated for other oo's
52
Owned but leased to other oo's. 21
II
Do. Paduoah & Mem. Dlv
254
Birm. South (half st'k owned) . 27
ff See this company.
Total system proper
Total of all June 30, '03.. 6,183
3,439
In Feb., 1902, sold Ceollla Br., 46 m.. for $1,000,000. V. 74. p. 326.
In Apr., 1902, aoquired control of the Atlanta KnoxvlUe & Northern
Ry., Knoxville, Tenn., to Marietta, Ga., 205 miles, with 25-mile branoh
and trackage to Atlanta. Ga., 20 miles, and in Feb., 1904. had almost
aompleted connecting line from Jellico, Tenn., to Knoxville, 66 miles,
giving direot line, Cincinnati to Atlanta. V. 74, p. 775; V. 75, p. 1038;
V. 78. p. 702.
In March, 1904, the Newport & Cincinnati Bridge was purohased,
$1,400,000 liouds being assumed. V. 78, p. 1223.
lis
Ape., 1904. J
RAILWAY STOCKS AND BONDS.
1655
c
.
;
.
KAIJ.RO ADS.
For explanation of column headings, <fec, see notes
on
Louiarille
A
first
page of
tables.
Miles!
of
Nashville — (Concluded)—
& N. and Mob. & Mont, joint bde.,lst M., g.Ce.o*
o*
Pens.&At. 1st M..gold,8.f.,dr'n at 110 assumed.
Kentucky Central— Maysvllle & Lex. RR. mort.
o*
New mortgage ($7,000,000) gold M p
179
160
49
220
105
189
189
.
.
Nashv. Flor.<V
& No.
Sheff., 1st M., g.,assu. in
Alabama, 2d M.,
gold,
s. f.,
1900.Ce.o
$2,000,000.
Consol. mort. (for $10,000,000), g., guar.Ce.o*
Newp. &Cln. Br. 1st M., $1,500,000, g..s.f. assu.F
L. & N.-So. joint M., $15,500,000, red. af.'07.o*<fcr
Indi
Louisville New Albmy <6 Chicago. See Chicago
20
Lykens Valley—Stock. Rental pays 5 per cent
97
Macon <£ Birming.— 1st M., $500,000, gold.OB...c
94
Macon Dub. dt Sav 1st M., $l,500,000.g.,red.at 110
Maine Central— Stock and scrip ($12,000,000)...
c&r 1304
1st consol. mort.,) ($269,500 5s)
cfer
$9,000,000
] ($3,265,500 4s)
41
Collateral trust bonds for Mt. Desert Branch A Be
Sinking id. 10-20s, gold, old 6s, ext. Feb. 1. '95..
Improvement bonds," A," gold, not mort., 8. f.NB
" B" cur., not mort., s.f.BB
Do
do
56
Me. Cent. Eu. & No. Am. refunding mort., gold.
48
1st M. Penobsoot Shore Line RR. Co., assumed.
—
.
K. & L. 2d mortgage (for $400,000) assum.BB
European & N. Am. stock, 5 p. o. rental 999 years
Portland & Ogdens. stock (2 p. c. rental, 999 years)
48
120
109
109
Con. M., ($800,000 are 3^s) gu. p. & i.end.BB.c
Portland Un. Station M., ser. ,rA" & "B" text s. f.
Dexter &Pi8cataquisstock5p.o. rental 999 years.
1st M., Dexter to Dover, etc, guar, by end.BB
b Also $18,200,000 are pledged to
d $34,000, e $36,000. f $15,000,
secure collat'l
g$ 122,000,
Date
Size, or
"17
17
of
Pai
0.
5
'04
'83-'87 '88 '89 '90 '91 '92 '93 '94-'98 '99 '00 '01 '02 '03
Non«, Sstk. 5stk 6 5 4 4 None. 3^2 4 5 5 5 Feb.2»«
Bonds.—The Evansv. Sender, dk Nashv. bonds are drawn at 110 by lot
annually in October, for payment Dec. 1 in amounts increasing each
$150,000 per year is finally reached in 1903, $55,000.
The Pensacola Division bonds are subject to a drawing sinking fund
$5,000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds of 1880 are called at 110 in in creasing
amounts each year; $345,000 will be paid June 1, 1904. V. 78, p. 1223.
In June, 1890, the "unified" mortgage (trustee, Central Trust Company) for $75,000,000 was authorized, $41,917,660 bonds being reserved to retire all prior liens (none of the prior liens can be extended),
the balance for improvements, extensions (at the rate of $32,000 per
mile, inoluding equipment), and for other purposes. The mortgage covers (besides about 2,200 miles of road and equipment) $26,033,606 stock
of companies controlled, and $3,150,000 bonds free from any lien. See
abstract of mortgage in V. 51. p. 613; also V. 72, p. 1034, 1188; V. 77,
p. 968. In Apr., 1904, company reported $50,139,000 issued, of which
$2,250,000 in treasury and $18,200,000 deposited to secure the coll.
trust 4s of 1903. See V. 78, p. 1446.
Mobile <£ Montgomery— Louisville & Nashville joint mortgage is for
$5,000,000, a first lien on 178*2 miles Mobile to Montgomery; $1,000,000 reserved for improvements. V. 61, p. 196, 750.
Kentucky Central mortgage abstract V. 45, p. 372.
The collateral trust 4s of 1903 ($30,000,000 authorized issue) are
secured by deposit of $24,000,000 L. & N. unified 4s, $4,779,000
L. & N. Paducah & Memphis division bonds, the latter covering the
road from Paducah, Ky., to Memphis, Tenn., 254 miles; $2,500,000 L.
& N. Terminal Co. 4s (V. 75, p. 1354), $4,221,000 South & North
Alabama 5s and $500,000 Pensacola & Atlantic 6s; total $36,640,000
bonds. A proportionate amount of the collateral may be withdrawn
at any time on delivery to the trustee of not less than $1,000,000 of the bonds. The proceeds of the $23,000,000 to be issued in
1903 (see list of collateral, V. 78. p. 1446.) were used to take up the
$7,500,000 collateral trust 4s paid off April 1, 1903, and the £645,400
South & North Alabama 1st 6s due May 1, 1903. and for other corporate purposes. V. 76, p. 542; V. 78, p. 287, 1446.
Of the $15,500,000 Louisville & Nashville-Southern Ry. joint bonds
of 1902, $1,563,000 are reserved to acquire the remaining "Monon"
stock and $2,110,000 for improvements and enlargements of the
"Monon" at not over $500,000 yearly.
Finances.— Since July 1, 1894, the " construction account''
nan been closed. Amount of permanent improvements charged in
operating expenses in 1902-3 was $2,000,203; 1901-2, $1,487,277. In
Feb., 1904, dividends on Nashville Chat. & St. Louis stook ($7,177,600
owned) were resumed. V. 78. p. 229.
In 1902 the Louisville & Nashville and the Southern Railway acquired $9,796,900 of the $10,500,000 Chicago Indianapolis & Louisville common and $3,873,400 of the $5,000,000 preferred stock in exchange for their Joint 50-year 4 per oent bonds on the basis of 78 for
the common and 90 for the preferred st^ck or optionally 60 per oent
of the purchase price in cash. V. 74. p. 1138; V. 76, p. 593.
Earnings— For half-year ending Deo. 31:
Gross.
Net.
6 mos.
Olh inc.
Charges.
Balance.
1903.... $18,853,230 $6,034,909 $700,507 $3,316,794 $3,418,622
190i.... 17,4*8,195
5,855,329
581/.49
3,159,045
3,277,833
Dividends of 2»a per cent call for $1,500,000 yearly, leaving surplus
of $1,918,622 in 1903, against $1,777,833 in 1902.
For 8 mos. ending Feb 29, 1904, gross, $25,035,443 against $23,326,"
511 in 1902-3; net, $8,114 699 against $7,828,633; other income'
five years until
;
arges, $4,450,104; bal., $4,656,785.
in V. 77, p. 947, 980; see also p. 932.
1903.
1902.
Tear end. June 30.
1901.
1900.
3.439
Average mileage....
3,327
3,169
3,007
Freight earnings.... $26,578,621 $22,772,176 $20,419,162 $20,699,779
$992,190;
ol
Report.— Report for 1902-03
7,044,087
6,217,803
5,742,581
5,238,314
1,826,671
Mail, express, etc..
1,722,278
1,860,464
1,804.286
Gross earnings.. ..$35,440,378 $30,712,257 $28,022,207 $27/7427379
Passengers
Oper. expenses
Net earnings
23,970,813
11,478,565
Net.lnol. invs'ts.,&o 12,601,058
Deduct— Taxes ....
$844,474
Interest and rent...
5,184,076
Adv'stoS.&N.A.,eto
217,060
Sinking f'd paym'ts.
144,400
Dividends.."..".
(5)3,000.000
Burp, over divid'ds. $3,211,048
20.902,438
9,809,819
10,810.841
Payable
Whom.
Bo luiis—irriuvkpal.When Due.
by Sloe ks— Last
Dividend.
7^
I
were o wnedbythe Co. on July
trust (bonds of 1903.
Additional amounts
l$809.000.
k $10 0.000.
j $42. 000,
&
P.
Vol. lxxviii.
1895 $1,000 $4,000,000
4*2 g. M. & S.j N. Y., 71 Broadway.
Sept. 1, 1945
do
Aug. 1, 1921
1881
1,000
11,525,000
do
F. & A.
1876
1,000
400,000
do
do
Jan. 1, 1906
J. <fe J.
do
1887
1,000
do
July 1, 1987
j 6,700,000
4g. J. & J.
do
Aug. 1, 1937
1887
1,000 kl,996,000
do
5 g. F. & A.
do
do
Apr. 1, 1910
1880
1,000 Own. L. & N.
6 g. A. <fe O.
do
1886
1,000
8.000,000
do
Aug. 1, 1936
5 g. IF. & A.
1895
1,000
1,400,000
4Vg!j. & J. N.Y.,Farmers L.&T.Co. July 1, 1945
1902 l.OOO&c 11,827,000
4 g. J. & J. tf.Y.,,l.P. Morgan & Co.; July 1, 1952
ANAPO LIS & L OUI8VILLE.
20
600,000 5 in 1903 Q.-J. N. Y., Office, 13 Wm. St. July, '04, 114%
1896
1,000
500,000
5 g. J. & J. Boston, Old Colony Tr. July 1, 1946
1901
1,000
1,410,000
5 g. J. & J. N.Y., 1st N. Bk. & Chio. July 1, 1951
Portand, Me., Office. Apr. 1,'04, 1\
100
4,977,000 See text. Q.-J.
4,193,500
51872 100 &o.
5&7 A. & O. ) Boston, 2d National Apr. 1, 1912
4&4i2 A. & O. S Bank & Portland 5 Apr. 1, 1912
U872 100 &o. 4,790,500
I
1883
1,000
669,000
5
J. & D. Bost., Am.L.&Tr.; Port. June 1, 1923
1885
1,000
600,000
4*2 g. F. & A. Portland Tr. Co., Port. Feb. 1, 1905
1886
1,000
4ifl g. J. & J. Bos.,2d Nat'l Bk.; Port,
July, 1916
200,000
do
1887
1,000
do
July, 1917
250,000
J. & J.
4^
1893
1,000
1,000,000
4g. J. & J. Boston and Portland, Jan. 1, 1933
Aug. 1, 1920
1890
F. & A. Boston, See. Nat. Bk.
1,000
1,300,000
4
do
Feb. 1, 1921
1891
1,000
F. & A.
do
400,000
5
100
A. & O. Bangor, Treas. Office. Apr.l5,'04,2 ia
2,494,100
5
Me. Cent. Of. Feb. 28, '04, %
100
Q.-F.28 Portland,
2
4,392,538
1888
1,000
2,119,000 3*2 & 5 M. & N. Bos., 2d Nat'l Bk. & Port Nov. 1. 1908
1887-9 1,000
300,000
4
J. & J. Portl'd, Me., & Boston. J'ne 27 Jan. 29
Dover, Me., Office.
100
Jan., '04, 2VK
122,000
5
J. & J.
1889
1.000
4
175,000
J. & J. Bos., 2d Nat'l Bk., Port. July 1, 1929
Organization.— Line opened between Louisville and Nashville Nov.,
1859. For securities owned and in sinking fund see V. 77, p. 967.968.
Control by Atlantic Ooast Line. —Late in 1902 the Atlantio Coast
Line RR. acquired a majority of the stock (viz., $30,600,000 of the
$60,000,000 outstanding), but the roads will be operated independently.
T. 74, p. 830, 1038; V. 75, p. 733, a 399.
Stock.— Increase from $f>5,000,000 to $60,000,000 authorized ir
1893.— V. 57, p. 596. 809. In April, 1902, the $5,000,000 stock wai
Nor. Ry. and extension. See above.
Issued for Atlanta Knoxville
Drv.— >
|
INTERE8T OR DIVIDENDS.
per When 'Where Payable and
Amount
Outstanding Rate
Cent.
Road. Bonds Value.
L.
So.
STOCKS AND BONDS.
RAT LAV AY
1656
18.233,033 18,603,406
9,789,176
9,138,973
10,493,861
9,789,018
$832,074
$813,538
$785,568
4,987,018
5,151,736
4,996,612
125,342
118,574
257,331
141,100
128,900
130,270
(5)2,875,000(5)2.695,000(4)2,112,000
$1,850,307 $1,586,113 $L507,237
Officers.— Chairman, Henry Walters, N. Y.; President, M. H.Smith,
Louisville; 2d Vice-Pres., A. W. Morrlss, 71 Broadway, N. Y.
Directors, Dee., 1902, V. 75, p. 1354.-(V. 78, p. 1392, 1446, 1497.)
Lykens Valley BR.
t
1,
1903, viz.
& Coal Co.— Owns from Millersburg.Pa., to
Williamstown, Pa., 20 miles. Lease to Northern Central is terminable on 60 days' notice.
Rental $35,000 per annum.— (V. 64, p. 330.)
Macon
Birmingham By.—Owns Sofkee Junction to La
Grange, Ga., 97 miles; trackage Sofkee to Macon, Ga., 8 m. Since
Feb 1, 1904, operated under direction of Ga. South. A Florida officials
although independently. V. 78, p. 584.
Earnings.— 4 mos., ) 1903
Gross, $48,204; op. def.. $6,536
July 1 to Oct. 31. {1902
Gross, 54,906; op. def.,
779
In year 1902-03 gross, $148,853; def. under oper. exp., $20,949; int.
on bonds, $25,000, not paid.— (V. 62, p. 1040; V. 78, p. 584.)
Macon Dublin Savannah
Owns road completed from
Macon to Dublin, 54 miles projected to Savannah, 99 miles additional,
of which 7 miles east from Dublin, together with branch from eastern
terminus of line to Vidalia, 33 m., completed in Jan., 1902; total, 94
m. Owned by the 111. & Ga. Improvement Co. of Chicago. V. 60, p.
711,794,873. In July, 1901. made a $1,500,000 mortgage to the
Amer. T. & Sav. Bk. of Chioago as trustee. V. 73, p. 184. Bills payable
June 30, 1900, $22,963. In year ending June 30, 1903, gross, $228,816;
net $53,098. Stock $1,250,000; par,$100.— (V. 73, p. 184; V. 75 p. 342.)
Maine Central
Line of road, Portland to Vanceboro, Me., via
Augusta, 251 miles; branohes. Cumberland Junotion to Skowhegan,
via Lewiston, 91 miles Bath to Lewiston and Farmlngton, 76 miles
branches— Belfast, Dexter, Bucksport and Mt. Desert, inoluding ferry,
(7*7 miles), 132 miles; Portland & Ogdensburg Ry., Portland, Me., to
Lunenberg, 110 miles small branohes, 7 miles; Upper Coos and Hereford railways, Quebec Jot., N. H., to Lime Ridge, Quebeo, 108 miles;
Bath to Rockland (including steam ferry, 6-10 miles,) 49 miles; total
June 30, 1903, 824 miles, of which 395 owned, 388 operated under
999-year leases, and practioally owned; 33 miles operated under 50year leases and 8 miles ferry lines.
In Jan., 1904, the entire stock of the Washington County RR., 137
miles, was purchased, its 3^ p. c. bonds (see table above) being guaranteed, prin and int., by end. V. 77, p. 2390; V. 78, p. 103, 820, 989.
Stock.— Stock for$2,516,000 owned by Boston & Maine. V. 72, p. 988.
Dividends. -1884 to July, 1903, 6 p. 0. yearly; Oct 1903, 1% p. c;
1904, Jan., 1\ p. o; Apr., 1% p 0.
Bonds.— There are also $81,000 Maine Shore Line 6s, due 1922;
also $110,000 Belfast & Moosehead Lake mortgage bonds, due 1920,
not guaranteed, interest and sinking fund paid out of rental; Anil
& Ken. stock and bonds, $11,000, exchangeable for M. C. stook. Joint
lv with B. <fe M. guarantees $300,000 Port. Union Station bonds.
Also guarantees Washington County RR. bonds. See above.
Annual Report.—Report for 1902-3 was in V. 77. p. 821.
Tears ena. June 30: 1903.
1902.
1901.
1900.
Gross earnings. $6,541,160
$6,194,305
$5,826,401
$5,612,923
Net earnings.... 1,432,305
1,425,166
1,666,717
1,711,248
Other income..
193,324
153.857
134,535
85,744
Net income. $1,625,629
$1,579,023
$1,801,253
$1,796,992
Interest
$643,110
$643,110
$604,222
$584,870
Rents
545,876
545,876
592,922
646,526
Dividends
298,575
298,566
298,554
298,544
Sinking fund...
29,440
29,440
29,440
29,440
Charged off
200,000
153,467
Bal.,surp... $108,628
$62,031
$76,115
$84,146
(V. 77, p. 695, 765, 821, 2390; V. 78, p. 103, 820.)
Manchester &. Lawrence BB.—Owns from Manchester, N. H.,to
Methuen (State Line), 2*214 miles. Leased for 50 years from September
1, 1887, to Boston & M tine at rental paying 10 p. o. div. In 1895 a
dlv. of 50 p. 0. paid from proceeds C. & M. suit.— (V. 73, p. 1264.)
&
&
BB.—
;
BB.—
;
j
,
.
—
Manhattan By. (Elevated).— Road— Owns all the elevated railroads in boroughs of Manhattan and the Bronx, N.Y. City, main line
and branches, 37^ miles, doubled-traoked, with 14 miles additional
third traok, sidings, etc V. 70, p. 176. 633. Late in 1902 began using
electric third-rail on entire system. V. 75, p. 733.
lease.— The Interborough Rapid Transit Co. leases the road for 999
years from April 1, 1903, the rental from April 1, 1903, to Jan. 1, 1906.
to be 6 per oent per annum on the stock and 1 per oent additional if
earned, and after Jan. 1, 1906, 7 per cent; also $10,000 yearly for expenses of organization. Of the $12,000,000 new stook authorized in
Jan., 1903, $7,200,000 was subscribed for at par by stockholders; the
remaining $4,800,000 is not to be issued prior to Jan., 1906. V. 75, p.
1202, 1254, 1302; V. 76, p. 812; also Interurban Rapid Transit Co., V.
76. p. 101. Form of guaranty, V. 76, p. 480.
Stock— In Jan., 1903, authorized to be increased from $48,000,000
to $60,000,000. See also "lease" above. V. 68, p. 232, 282, 380, 428, 617.
Bonds.— Consolidated mortgage (trustee, Central Trust Co.) is limited
on present mileage to $40,000,000, and will provide for prior bonds
when due. Amounts beyond $40,000,000 may be issued for extensions
at the rate of $300,000 per mile of single and $600,000 per mile of
double traok. (See abstract of mortgage in V. 51, p. 248, and application to New York Stook Exohange in V. 52, p. 353.)
To May, 1898, claims aggregating $8,847,854 had been paid as damages to abutting property and other oases were before the courts. See
Chronicle, V. 66, p. 954, and V. 67, p. 789. Personal property tax
assessment, see V. 66, p. 954; V. 67, p. 222; V. 68, p. 1282, and V. 71.
1120, Taxes In litigation Oct., 1903 (other than franchise tax), per
aianoe sheet, $303,000. V. 76, p. 212.
S.
..
.
,
RAILWAY STOCKS AND BONDS.
Apr.. 1004.]
RAILROADS.
Miles
Date
Size, or
of
Par
of
For explanation of column headings, &c, see notes
Road. Bonds Value.
on first page of tables.
Oent. ( Ooncl. )— Seref . Ry stk. (rent. 999 yrs.)
1st mortgage, guar. p. & 1. (endorsed)
Upper Coos RR. stock, 6 p. o. rental 999 years.
1st mort., guar. p. <fcl. (endorsed)
ExtensionM., $21,000 p. m., guar. p. <fc i.(end.)
Dexter & Newport, stock, 5 p.o. from Nov. 25, '98
1st M. (old 6s refund, in 1897) gu. p. & i. end.*
Eastern Maine, stock, 4*3 p. ot., rental 999 years
Wash. Oo., 1st M., $20,000 p. m„ g., ku., end.,red.
Maine
.
<& Law.— Stock.10 p.o.ren'l till 1937.B.&M.
Real estate bonds (not mort.) int. gu. by B.A Mc
Manhattan Elevated.—Consol. stock, $60,000,000..
Metropol. El. IstM., $600,000 p. m.,ass'd.g.Ce.o*
N. Y. El. deb., seoured by consol. mort. of 1890.
Manhattan Elevated consol. mort., jrold.Ce.o*<fer.
Mania. M/trq. <£ North'n— 1st M., $1,500,000, gold.
Man. <£ Pikes' Peak Py.- IstM., $500,000, g.Mp c
$250,000, gold.K.
Marietta Ool. <t Olevel'd-lBt
Mar. <£ Phoenix <t 8. Riv. V. RR.-M..&P. IstM. g..o
M.&P.& S.R.V.M.,g., $750,000 (V.67,p.l357).F.0
Maryland <t Penn.— York <te Peach Bot. M. (text)
Ranches.
M
,
53
53
55
22
33
14
14
19
137
22
"37
18
32
32
53
9
49
34
43
40
84
84
37
.
1st mort., $1 ,200.000, gold, call at l05.MeBa.c*
Inc. M., $900,000, 4% cum., call at par.MBa. ..
Massawippi— Stock guar, samediv. asConn.&Pass.
Meadville (Jonneaut Lake Linenville— 1st M
Mexican Central— 1st M..(unassented) inolu. scrip
23
<£.
Consol. mortgage, $32,000 per m., gold.BB.c*&r 2,689
1st cons. inc. &8crip,n.-cum.($9,600p.m.),g.ABc 2,689
2doon.inc.$6,400p.m.red.at50%toAug.'29ABc 2,689
$100
1890
1890
1890
1,000
1,000
100
100
1897
"ibo
1904
1,000
1892
1,000
100
100
1878 * & $
1886
1,000
1890 l.OOO&c
1902
1,000
1891
1,000
1900
1,000
1886
1,000
1895
1,000
1882 50, &o
1901
1,000
1901
1,000
100
1891
1,000
1881
1,000
1889
1,000
1889
1,000
IBS')
1,000
1,000
1,000
1,000
1,000
Manhattan By.— (Concluded.)
1900
'01 '02
Oct., 1*2 p. c; 1904, Jan., 1»* p. 0.; April 1, 1904, 113 p, c. and 1 p. c.
additional for year ending Mar. 31, 1901, making 7 p. c. for year. See
V. 76, p. 1249. As to dividends payable under leaBe, see above.
Earnings— For 6 mos. ending Dec. 31:
Other inc. Int., tax, etc. Pal., sur,
tiross.
Xel.
6 mos.
$6,596,462 $3.892.44S $165,886 $1,437,054 $2,621,278
1903
1,392,723
3,011,909
146.575
1,765,760
1902
5.706.484
Dividends paid in 1903 call for $1,656,000; in '02 $960,000 was paid.
Annual, Report— Report for year 1902-03 was given in V. 77, p.
348, and report for year ending Sept. 30, 1903, In V. 77, p. 1872.
1902.
1901.
1903.
Tear ending June 30—
$9,416,887
$12,208,337 $10,665,911
Gross earnings
5,147,326
4,163,658
6,747,540
Net over operating exp
836,383
625,800
346,859
Other income
2,699,671
2,677,706
2,820,859
Interest, rentals and taxes....
Dividends
(6 ^)3,546,000 ( 4)1,920,000 (4)1,920,00
Balance after dividends.. sur.»727,544sur.$l,153,455 sur.$402,335
Yr.8ep.30. Passengers.
Yr. Sep. 30. Passengers.
1897-98.-179,728,356
1898-99.-177.204,558
1899-00.-183,788,851
Yr.Sep.30. Passengers.
1901-02.. 223,427,283
1900-01.194,152.316
1902-03.-255,565,390
348, 1533, 1 872. 2157; V. 78, p. 989.)
OT anhattan (Elevated) Ry.— See preceding page.
Manistique OTarqnette 6c Northern BB.—Manistique, Mich.,
on Lake Michigan, northerly to Shingleton, on the Duluth So. Shore &
Atlantic 40 miles, with branoh to MoNeil's. 13 miles; V. 75, p. 185.
Operates a oar ferry between Manistique and Northport, on the Traverse City Leelenau & Manistique RR. V. 74. p. 776; V. 76, p. 810.
Stocks, Bohds, Etc.— Stock, $2,000,000, all outstanding. The unssueu 5s of 1902 (authorized issue of $1,500,000; Union Trust Co. of
Detroit, mortgage trustee) are applicable to an additional car ferry,
equipment, improvements, etc. V. 75, p. 185. For year ending Deo. 31
1903: Gross earns., $130,936; net, $1,890; int on bonds, $51,667; bal.,
def., $49,776. President, R. R. Metheany; Seo'y, B. B. Metheany.— (V.
—(V. 77,
p. 147,
75, p. 810, 864.)
Maui ton
Pike's Peak By.—Manitou,
Col., to summit of
miles, standard gauge.
In Oct., 1903, an extension
(to be electric) from Pike's Peak to Cripple Creek, 9 miles, was
under consideration. Operated from April to November, yearly.
Stock, $500,000; par of shares, $100. In Oct.. 1903, all coupons due
had been paid. For year ending Nov. 30, 1901, gross, $88,142; net,
37,550 interest on bonds, $25,000; taxes, $1,689; bal., sur., $10,861.
f resident, C. W. Sells; V.-P. and Treas., Z. G. Simmons; Sec, J. B.
Glasser. Offloe, Manitou, Col.— (V. 71, p. 646.)
Pike's Peak,
6c
89
;
Maricopa
6c
Phoenix
6c
Salt
Biver Valley BB.—Maricopa
A
to Phoenix, Ariz, 36 miles Tempe to Mesa, 7 miles; total, 43 miles.
consolidation in Dec, 1895, of the Maricopa & Phoenix RR. and
Phoenix Tempe & Mesa Ry. Stook, $1,000,000; par, $100; of which
Southern Pacific Co. owns $510,000. Bonds of 1895 have a sinking
fund of $6,000 annually after 1900. V. 67, p. 1357. Year ending June
30, 1902, gross, $158,185; net, $46,088; int. on bonds, $36,300; taxes.
$5,650; bal., sur., $4,138-— (V. 67, p. 1357; V. 77, p. 2280.)
;
OTarletta
(
olunibus
6c
2.500,000
1,000,000
274,000
55,200,000
10,818,000
1,000,000
28,065,000
1,100,000
500,000
250,000
540,000
78,000
249,950
550,000
900.000
800,000
200,000
287,000
66,678,000
20,563,400
11,282.000
367.200
650,000
800,000
10,000,000
BotlttB- .f ruioiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Dividend.
Cent.
& N. Portland, Me. Cent. Of. May, 1904, 2%
& N. Boston, 2d Nat'l Bank. Nov. 1, 1930
& N. Portland, Me., Offloe. May, 1904, 3%
6
& N. Bost., 2d.Nat. Bk.; Port. May 1, 1930
4
4**
& N. Portland, Me., Offloe. May 1, 1930
J. A J. Treas'rs Office, Portland Jan.. '04, 2i«%
5
M. & S. See. N. Bk., Bos.A Portl. Sept 1, 1917
4
4*4
M. & N. Rocklan Me., Offloe. May, '04, 214%
Jan. 1, 1954
3*9g. J. & J.
M. & N. Manchester and Boston. May 1,'04,5%
10
Jan. 1, 1922
Boston, B. & M. RR.
4
J. & J.
N. Y.. 195 Broadway. Apr. 1, '04, 219
See text. Q.-J.
1* J. & J. N. Y., Mercantile Tr. Co. July 1, 1908
M. & 8. N. Y., Mercantile Tr.Co. Moh. 1, 1916
Apr. 1, 1990
do
do
4g. A. & O.
M. & N. Union Tr. Co., Detroit. May 1, 1952
See text.
Oct. 1, 1909
A. & O.
M.
N. N. Y., Kniok. Trust Co Nov. 1, 1940
Nov. 1, 1916
If. & N. All owned by So. P. Co.
f g M. & N.
do
do
Deo. 23. 1925
g
Text. 1st Nat. Bk., York. Pa. Apr. 1, 1932
i
4g. M. & 8. N.Y.,BrownBros.&Balt Mch. 1, 1951
Apr. 1, 1951
do
do
4 in 1902 A. & O.
F. & A. Boston, 8. D. & Tr. Co. Feb. 1, '04, 3%
6
J. & J. Mer. Nt. Bk., Meadv.Pa. July 1, 1921
5
J. & J. Boston.SafeDep.&Tr.Co July 1, 1911
(7) 4
do
do
July 1, 1911
J. & J.
i g
4
4
M.
M.
M.
M.
M.
i,
<fe
-
-
g
l
3
5
5
-
July 10
St.
Louis,
when earned
Julyl
g.
g.
A.
A.
4*sg. F.
&
&
&
O. OLCol.T.Co.,Bos.&Lon.
do
do
O.
A.
St.
Louis
& New
Jan. 10. 1939
Jan. 10, 1939
July
Apr.
Oct.
York. Feb.
1,
1,
1,
1,
1911
1917
1919
1907
W. main line. The road is operated as a part of the O
G. W. system under an agreement dated Apr. 1. 1901, running for 100
years, providing that all net earnings above 4 per cent interest on new
bonds to be issued shall go to the latter, the stock to be exchanged for
Chlo. Gt. Western common stock, dollar for dollar. V. 73, p. 566, 616,
722; V. 77, p. 640. In Oot., 1903, new stook and bonds had not been
Issued. In year ending June 30, 1903 (121 average miles), gross, $450,835; net, $234,241; taxes, $12,000.— (V. 73, p. 616.)
Massawippi Valley By.—Province Line to Lenoxville, Que., 34
miles, with branoh, 3m.; trackage to Sherbrooke, Que., 3m.; total, 40
miles. Leased for 999 years from July 1, '70, to the Connecticut & Passumpsio Rivers RR. Stook, $800,000; par of shares $100; dividends
payable Feb. and Aug. 1. Dividends formerly 5 p. c; 6 p. c. sinoe
Jan. 1, 1897. Of the stock, $400,000 owned by the Conn.
Pass. River
erly to the O. G.
1903
1904
4
4
4
4 Below. Below.
Binoe'88. P.Ct. S 5»a 6 yrly. 4^ 4
In 1903, Jan. 1** v. c; Apr., 1% p. 0. for 3 mos. ending March 31,
1903, and 1 p. o additional for the 9 mos. to that date; July, 113 p.o.;
'97 '98 '99
Dividends.— > '89 '90-96
$800,000
800,000
350,000
350.000
693,000
122,000
175,000
200.000
1,000
1881
1897
1899
1902
Registered income bonds and scrip, unassented.r
Equipment bonds, $50,000 oalled yearly at par.
do $50,000 y'ly Oct. 1); red 102»« beg/10 OB.o*
Coll.tr. bonds, ft., see. by cons. 4s, oall par.MSto*
Amount
Outstanding
!(>•>?
Cleveland
BR.—Owns
from Moore's
Junction to Palos, Ohio, 42 08 miles; branches, 7 42 miles; trackage
to Marietta, 3-20 miles. Successor on Nov. 1,1900, to the Toledo &
Ohio Central Extension RR., foreclosed. V. 71, p. 810, 1012. Stock
authorized and outstanding $250,000. For 9 mos. ending June 30,
1903,gross,$S6,871; net, $5,519.
Pres., D. I. Roberts, N. Y.; Treas.,
-
-
James
T. Blair, Greenville, Pa.— (V. 75, p. 666, 793.)
OT a r > la nd 6c Pennsylvania
Baltimore, Md., to York, Pa ,
80 miles, with branch, Delta to Peach Bottom, 4 m. V. 72, p. 339,
Stock and Bonds.— Stock authorized, $3,600,000, of which $1,997,500 reserved for future requirements. In 1902 the authorized issue of
the first 4s was reduced from $2,700,000 to $1,200,000, of which
8250,000 are reserved to retire the York and Peach Bottom 5s and
$400,000 additional for future purposes. V. 74, p. 94, 427. York and
Peach Bottom, "A," bonds are for *47,500, interest A. & O.; "B" bonds
$202,450, int. M. & N. In 1901 3 p. 0. paid on incomes; in 1902, 4 p. 0.
BB.—
Earnings— 12 mos. S 1903-4
Gross, $309,352; net, $90,639
Mar. 1 to Feb. 29. .1 1902-3
Gross, 283,720; net, 76,951
Surplus over charges, $56,139, against $42,451 in 1902-3.
Report.— Report for year ending Deo. 31, 1903, in V. 78, p. 1387,
showed: ktoss, $309,356; net, $91,712; int. on bonds, $70,498; bal.,
but., $21,214. Pres., John Wilson Brown.— (V. 78, p. 343, 1387.)
Rlagon City 6c Ft. Dodge RR.-'A'ee Map Ohicago Great
Western.)— Ovttxb road from Mason City. la., to Lehigh-Ia., 88 miles,
and branch, 4 miles. In Mar., 1901, Chloago Great Western interests acquired all the stock and bonds, and extended the line northerly from
Mason City to Manly Junction, 10 miles, and
from Hampton to Clarion, 30 miles, at connections with the Chloago
Great West.; an extension from Ft. Dodge to Council Bluffs, 133 miles,
was opened Nov., 1903, and one Is to be built to Sioux City; the two
O. G. W. branches from Hayfleld, Minn., to Manly Jet, la., 49 miles, and
from Waverley to Hampton, la., 42 miles, transferred in Mar., 1902, to
the M. O. St Ft. D. Railway will extend the road as thus proposed east-
&
deposited under its mortgage and $50,000 is represented by
Connecticut Trust & Safe Deposit Co. of Hartford 5 per cent trust certificates.
(See Supplement of Ootober, 1901.)
Meadville Conneant Lake 6c Llnesville.—Meadville to Linesvllle, Pa., 21 miles, and branches, 2 miles; total, 23 miles. Leased to
June 8, 1989, to Pittsburg Bessemer & Lake Erie RR.; rental, 25 per
oent of gross earnings. Stook, $200,000; par, $50.
is
Mexican Central By. Limited (Mexico).—Operates
a stan-
dard-gaugejroad, the main line extending from Mexico City north to
Juarez City, with numerous branches, etc., viz.:
(honed—
Miles.
Owned—
Miles.
Mexico City to Juarez City.. 1,224 Other branches
361
Mexioo to Rio Balsas
181
Leased—
Chicalote to Tampico
407 Mexico Union Ry
11
Tampico to Trevlno
388 Bar extension (Tampico to
Branch, Irapua to Ameca... 217
LaBarra)
6
Branch, Guadalejara to Tuxpan
120
Total Jan, 1, 1903
2,915
In June, 1901, the Monterey & Mexican Gulf RR., Tampioo to General Trevlno, 388 miles, was acquired, and in Dec, 1903, extension was
completed from Paredonto the San Pedro branch, about 137 m.,by
which is reaohed the main line at Torreon. Extension is building from
Lecheria, near City of Mexico, to Velasco, near Tampico. 225 m., to be
completed by end of 1904, this including the Paohuca Zacaultipan &
Tampico Ry. (purchased), extending from Sandoval to Apulco, etc.,
about 62 miles, the unconstrncted portion carrying a subsidy in 5 p. 0.
Mexican Government silver bonds at $10,000 per mile lhe Mexioo
CuernavaoaA Pacific, Mexico to Balsas River, 181 miles, was acquired
by deed on Nov. 12, 1902, and extension is projected to Aoapuloo.—
(V. 73, p. 337, 957; V. 74, p. 729, 1035, 1196 V. 75, p. 981, 1203.)
Organization.—Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Government. Debt readjusted in 1889— see V. 48, p. 191, 292, 327. See
also Mexican Cent. Ry. Securities Co., Limited, below. In Mar., 1901,
a syndicate headed by H. Clav Pieroe of St. Louis acquired a majority
;
of the stock.
V. 72, p. 627, 873; V. 75, p. 29; V. 77, p. 299, 401.
Subsidy.—Jan. 1, 1903, there was left of the subsidy in trust $1 ,812,794, to be used whenever necessary for the payment of prinoipal and
Interest of the consolidated mortgage bonds. Under Tampico Harbor
concession for a depth of 20 feet, has received $2,934,600 of 5 p. o.
Government bonds.
Stock.— Stook authorized, $25,600 per
mile; outstanding, $47,962,100, in $100 shares.
Bonds.— Of the priority bonds $1,403,000 were paid off with proceeds
of subsidy collections, interest ceasing April 10, 1891; the balance,
$5,597,000, Is held as an Investment by the trustee of the consolidated mortgage. SeeV. 52, p. 390. The consol. mort., 4 p.o., covers
the entire property, all old firsts deposited, and the subsidy earned and
to be earned. (See abstract of mortgage in Chronicle, V. 49, p. 177.)
Both series of incomes are non-oum.' and secured by one indenture to
the American L. & T. Co. of Boston. First incomes received 3 p. 0.
Interest in 1890, 1891 and 1892 none since. V. 72, p. 627, 880.
In 1903, in addition to the $66,678,000 oonsol.48 shown above,
$33,560,000 had been certified by the trustee, of which $1,775,000 are
held as collateral for equipment bonds, $16,129,000 were held as collateral for 412 per oent bonds (see below), $276,000 were held by trustee
for exchange for 1st 7s and assented 4s and $15,380,000 were owned
by the oompany.
In February, 1902, the company issued $10,000,000 collateral trust
5-year 4*« per cent bonds, seoured by $16,129,000 consolidated 4s,
held in the treasury, the proceeds of which were used to retire the
$6,000,000 notes issued in payment of Monterey
Mexican Gulf RR.,
the balance to be applied to 137-mile extension of that road to main
Une, payment of about $2,000,000 floating debt, Improvements, etc.
See V. 73, p. 957; V. 74, p. 205, 728; V. 75, p. 29.
Plan to Retire Incomes.- In Jan., 1904, the plan (V. 77, p. 350«
401, 511,) Issued through Ladenburg, Thalmann 6t Co., proposing to
exchange 23 p. c. in collat. trust 5-year debentures for 1st incomes
and 14 p.o. for 2d and registered incomes was abandoned. New interests are expected to announce a plan shortly.
Rcorgayiiz. Committees.— A. committee (E. Rollins Morse, Chairman;
Manhattan Trust Co., N. Y., and Adams Trust Co., Boston, depositary,)
requested deposits with a view to obtaining a better offer for the bondholders. V. 77, p. 769, 951, 2159. A committee (BenJ. F. Tracy, Chair
man; Continental Trust Co., N. Y., depositary,) also requested deposits.
V. 77, p. 824, 1225, 2159.
;
&
r
:
.
I65 u
a
RAILWAY STOCKS AND BONDS.
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
&o., see notes
stook,
4%, oum
Mex. Mineral— lBt M.,
Date
of
of
4%
$50O,OOO,'g., red. llO.s.f.Mo
16
615
(
4% deb. stock, £600,000 red. at par, 90 y'rs
228
1st mortgage, $18,000,000, gold.G
0*&r
M. C. Michigan Air Line, 1st mortgage. fJn. . .o&r
M.C.lst M. on Det. A Bay City ($4,000,000). Un.o
270
115
152
152
84
39
Michigan Central— Stock
do
do
bonds without coupons.
M. C. 1st mort on Grand River Val. RR.Un....o*
M. C. 1st mort. on Kalamazoo & 8. Haven. Un..r
M. C. 1st M. Term. $1,500,000 (V. 64, p. 886). c<fer
Mich. Cent. 1st M. on Jack. Lans. Saginaw, g.,o*&r
Jaok.Lans.&Sap. stockjSJflp.o. y'rly,guar.byend.
Grand River Valley stock, rental in perpetuity..
Bay City & Bat. C. 1st M., g., gu.p.A i. end.Mp..o*
Bat. C. & Sturgls 1st M., g., gu. p. Ai. end.Mp.o*
Joliet & North.Indiana IstM., guar. p.Ai. (end.).o
c*
Middletovm Un.dt W. Gap— IstM., ext.in'86
2d mortgage, int. guar. ext. in 1896 (see text)..o*
a Exclusive of $599,000 held by sinking fund.
Earnings.— Mexican
Size, or
350
"84
18
41
45
13
1890
al,039,000
£2,254,720
£2,554,100
£1,011,960
£2,000,000
£1,000,000
£700,000
£592,160
100 Cl8,738,000
l.OOOAo 12,000,000
l.OOOAo
2,600,000
1,000
l.OOOAo ^ 4,000,000
1,000
1,500,000
1,000*0
700,000
l.OOOAo
725,000
1,000
1,800,000
100
2,000,000
100
491,200
1,000
250,000
1,000
421,000
1,000
800,000
100 Ac.
150,000
500 Ac.
250,000
$16,814 .300 held bv
£10
£10
£10
£10
1896
1896
1902
1890
1881
1881
79-'86
1889
1896
1901
1889
1889
1877
1866
1871
c"6f which
Balance
Subs'yas'tinU.S.our
$2,567,115 $2,744,297
2,937,276
2,738,204
df.$496,403 df.$370,161
500,000
545,000
Result, sur
$3,597
174,839
$6,093
JAJ15
J&J15
4
4
6
4^
g.
g.
4
g.
A
A
A
F.
M.
M.
London.
London, when earned.
A. N. Y., Morton Trust Co.
S. London, Speyer Bros.
N. Y., 30 Pine St.
8.
do
do
Aug.
1919
1947
1977
1977
Deo.
MAS.
Sept. 1,
Sept. 1,
Sept. 1,
1910
1,
See text.
6
A
J.
do
D.
m"a"n. Glyn,
A
J.
J.
M."
do
C."& Co., Lon.
Glyn, M. C.
1,
Nov'.*,'03;i5 16
%
A Co.,
Lon.
Perpetual.
Cheoks mailed.
Nov. 3, '03, 2%
Nov.
4
F. A A.
F. A A.
4
4 in 1903 J. A J. N. Y. Gr. Cent. Station. Jan.29,'04,2%
3i2g.
M. A N. Reg.at G.O.S; cp.atG.T. May 1, 1952
J. A J. Rg.atG.C.S.; op.atU.Tr. Jan. 1, 1940
4
M. A S. N. Y., Union Trust Co. Mch. 1, 1931
5
Q.—M. N. Yy Gi^d Cent. Station. Mch. 1, 1931
5
M. A 8. N. Y., Union Trust Co. Sept. 1, 1909
6
M. A N. N. Y„ Gr. Cent. Stat'n. Nov. 1, 1939
5
4g. J. A J. Rg.at G.C.S.;op.at U.Tr. July 1, 1941
3 i«g. M. A 8. Rg.atG.O.S.; op.atG.Tr. Sept. 1. 1951
319
M. A S. N. Y., Gr. Cent. Station. Mar. 1,'04, 1\
Jackson, Mich.
Jan., '04, 219%
5
J. A J.
3 g- J. A D. N. Y., Union Trust Co. Deo. 1. 1989
do
do
Deo. 1, 1989
3 g. J. A D.
J./o-J./o N. Y., Farm. L.ATr. Co. July 10, 1907
7
5 g. M. A N. N. Y., N. Y. Susq. A W. Nov. 1, 1911
do
do
June 1, 1910
5
J. A D.
w. Y. Ce ntral & H. R. RR. Co.
2 In 1903
page.)—Line op Road.—Main line— Kensington to Detroit, 270 miles.
and Windsor to Suspension Bridge (Canada Southern), 226 miles;
Branches owned and leased 1,143 miles
total main line. 496 miles.
trackage (I1L Cent.) into Chicago under perpetual lease, 14 miles; total,
January 1, 1904, 1,653 miles. There are 380 miles of second traokand 1,117 miles of side tracks. In Feb., 1902, jointly*wlth Lake Shore
&- Mich. So. took over Detroit Toledo & Milwaukee RR., Allegan to
Dundee, Mich., 133 miles. V. 74, p. 379; V. 76, p. 1026.
Organization, Leases, Ac.— Re-lnoorporated under general law in
Deo., 1901, V. 73, p. 1208. The N. Y. C. A H. R. RR. Co. in April, 1898,
gave $115 in its 3^ per cent 100-year gold bonds for $100 In stook,
and so in 1903 held $16,814,300 of the $18,738,000 stook Issued.
V. 66, p. 759, 1238.
Canada Southern New Contract.—See that company.
Dividends. ) '83 '84 '85-86 '87-89 '90 '91 '92-94 '95 to Jan.,'04
nil. 4 yearly 5
Per oent— $ 5
3
5 5*3 y'rly
4 yearly
Bonds.—Battle Greek <t Sturgis bonds for $500,000, but of this $79,000 was sub-guaranteed by the Lake Shore A Michigan Southern, 7
miles of tne B. C. A 8. being operated by that company. The $1,800,000 3ks of 1901 are a first mortgage on the Jackson Lansing A
Saginaw RR., 350 miles (V. 73, p. 1061; V. 76, p. 1027.; In April, 1902.
$18,000,000 of 3!*8 were authorized, of which $10,000,000 were sold
to retirejthe first 5s and 7s, and $2,000,000 additional have been sold,
the remaining $6,000,000 being reserved for additions, eto. V. 74, p.
$2,704,871
2,604,873
49,223
$148,421
Chairman of Board, H. Clay Pierce Pres't, A, A. Robinson; VicePresident and Comptroller, Gabriel Morton.
EiecnttTo Commutes: H. Clar Pierce (Chairman of Board), Brecker ridge
;
Jones, A. A. Robinson, Gabriel Morton, F. U. Prince, C. D. Simpson, Et»en
Rlcbards, E. N. Foss and J. C. Van Blarcoin.
Office, 25 Broad St., New York. Directors, May, 1903, V. 74, p. 988;
T. 76, p. 1030— (V. 77, p. 1874, 2159; V. 78, p. 989, 1109.)
728; V. 76, p. 102; V. 77, p. 1874.
Mexican Central Ry. Securities Co., Limited.—This depos-
Annual Report.—Report for 1903 will be in Chronicle of May 7.
Report for 1902 was in V. 76, p. 1027.
1903.
1902.
Year ending Dec. 31.
1901.
Gross earnings
$22,552, 2s $19,045,083 $18,490,273
18,862,320 15,467,504 14,745,964
Op. exp. and taxes
flet earnings
$3,6»9,881 $3,577,579 $3,744,309
company was formed in 1899, per plan in V. 68, p. 331, to acquire
the 4 per cent consols of the Mexioan Central Ry. " and to issue in their
place two classes of securities." The share capital was raised by a payment of £2 for each $1,000 bond deposited, for expenses, etc. Each
$1,000 bond deposited will reoeive £102 "A" and £102 "B" debenture
stock, constituting a first and second charge respectively upon the
deposited securities, both secured by the same deed of mortgage to
Right Hon. Lord Hillingdon, Right Hon. Lord Revelstoke and H. W.
Smithers, trustees. Frederick M. Spankie, Secretary, 3 Graoeohuroh
Street. London. E.
(V. 68, p. 331, 524.)
Mexican Great Eastern Ry.—V. 77, p. 2098.
itary
i
Net, lnol'g other ino
3,744,813
3,631,592
3,814,048
l«6,310
Rentals paid
184,310
*
184,310
Interest on debt
1,978,642
2,026,468
2,271,250
Can. Southern share
355,088
310,168
375,238
New second track
210,000
Dividends
(4)749,520 (4 )749,520 (4)749,520
Surplus
$361,126
$495,253
$23,776
—(V. 76, p. 1027, 1085, 1140, 1356; V. 77, p. 147, 1874, 2387.)
C—
Mexican International KR.— (See Map, page 93).— Owns In
Mexico a standard gauge road from Eagle Pass, Tex. (where connection is made with the Southern Paoido), and Ciudad Porflrio Diaz, via
Torreon, on Mexioan Central, to Durango, 540 m., with brandies, 90
m.; Reata to Monterey, 72 m.; branoh to Tlahualllo, 43 m.; new branoh,
extension Durango to Tepehuanes via Santiago Papasqularo, 135
miles, completed in 1902; total, 880 miles. Extension proposed to
Mazatlan, on the Paolflo Coast. Organized under laws of Connecticut.
In April, 1902, control of the road ($15,786,100 of the stook and
all of the $4,499,000 income bonds) was taken over by the National
RR. of Mexico as per plan V. 73, p. 784. See V. 76, p. 1192.
Middletown Unionville A Water Gap RR.-f&e Map N.
—
Y.
<6 'Western.)
Owns from Middletown, N.Y., to Unionville,
13-65 miles. Stock, $149,850; par, $50. Controlled through
ownership of stock by New York Susquehanna A Western, whloh
pays Interest on bonds. In year ending June 30, 1903, gross, $46,7S1;
net, $10,647 charges $22,147; bal., defloit, $11,500.— (V. 64, p. 664.)
Midland Valley
Owns Hartford, Ark., on the Choc Okla.
A Gulf, to Muskogee, I. T.. about 125 miles, completed May, 1904.
Also owns about 18,000 aores of coal lands and controls tonnage
from 30,000 additional. See V. 78, p. 702, 1109. Stook authorized,
$1,860,000. Bonds, see table above. President, Charles E. Ingersoll; Secretary and Treasurer,
E. Yarnall.
Offloe, Girard Trust
Building, Philadelphia.— (V. 78, p. 702, 1109.)
Mine Hill Navigation
Mill Creek
Mill Creek Jo. to
Broad Mtn., Pa., 6-3 miles; branoh 3-3; 2d track 3-8 m.; total track,
34-6 miles. Leased in 1861 for 999 years to Phila. A Read. RR., leas®
assumed in 1896 by Phila.
Read. Railway; rental $03,000 and taxes.
Southwestern Ry.— See Supp. for July, 1903.
Mlllen
Milwaukee Lake Winnebago
(See Wisconsin Central.)
Mine Hill A Schuylkill Haven
From Schuylkill Haven
to Ashland and Enterprise Jot., 69 miles; 2d traok, 21 m.; total traok,
rental reduoed to 6 p. o. on stook under new lease
136 miles. In 1897
for 999 years from Jan. 1, 1897, to Phila. A Read. Ry. Co. Dividends
2ij p. 0. in Jan. and 3 p. 0. In July, ^ p. 0. being
Said stockholders are
eduoted for taxes.— (V. 63, p. 1011.)
Seepage 1747.
Mineral Range
Susquehanna
N. Y.,
;
RR.—
Stock.—Authorized $25,000,000; issued Jan., 1903, $20,708,200.
Bonds.—In 1897 reorganized, reducing fixed charges 6n 659
miles from $605,360 to about $448,650. Of consol. 4s $2,497,000
were In Mar., 1903, reserved for extensions at $10,000 per mile and
improvements. The total issue of oonsols is limited to $16,000,000.
The National RR. of Mexico under agreement of June 30, 1902, has
•tamped $5,839,000of the consols as guaranteed, principal and Interest,
these being also subject to call at 95 and interest on or before Mar. 1,
1907. Y. 75, p. 185. Of the oonsols, $3,000,000 are deposited as collateral for the National RR. of Mexico 5 p. c. notes. V. 77, p. 769.
Prior lien 4^8, see V. 65, p. 151, 1071. Consol. 4s of 1897 listed on N.
Y. Stook Exohange Feb., 1898. See application in V. 66, p. 341.
Dividend on Incomes, 4 p. c, was paid for 1902 and 1903.
Earnings- Mex. our-oy. ) 1903.... Gross, $6,494,460; net, $2,609,454
Jan. 1 to Nov. 30,11 mos. J 1902.... Gross, 5,853,214; net, 2,231,364
Annual Report.—Report for year ending Deo. 31, 1902, was given at
length In V.76, p. 1189, 1198; see also editorial, p. 1166. In 1902, gross
on average of 869 miles, $6,496,491 (Mexioan currency); net, $2,426,283; In U. S. money, net. including other income, $1,016,613; charges,
$639,420; interest on Incomes, $179,960; discount on bonds. $5,977;
bal.,surplus,$191,255. Pre*.. J. G. Metcalfe. N. Y. office. 30 Pine St.—
(Y. 75, p. 185; V. 76, p. 1189,1192.1198; V. 77, p. 769.)
Mexican National
See National RR. of Mexico.
Mexican Northern Ry.—Owns from Esoalon, Mexico, on the
Mexioan Central Ry., to Sierra Mojada, 83 miles, all steel.
Stock.—Capital stook Is $3,000,000 par of shares $100; see application for listing on N. Y. Stook Exohange in full, V. 64, p. 619.
Dividends.. > 1892. 1893. 1894. 1895-99. '00. '01. 1902.
1903.
Per cent... 5 6»«
6^
6
4 yearly. 5 4**
li«
2
In Dec, 1903, dividends suspended for the present; V. 77, p. 2098.
Bonds.—The mortgage is for $1,660,000, of whloh $621 ,000 held by
the Binking fund In Deo., 1903. See V. 60, p. 482.
Annual Report.— Earnings as follows In U. S. ourrenoy
t Year.
Gross.
Net.
Other inc. Charges.
Divid. Surplus.
H
A RR.—
A
&
&
&
RR.—
RR.—
RR.—
Minneapolis
RR.—
A-
St.
Louis Hit.— (See Map.)— Owns main
;
L
;
\
line
Minneapolis to Angus, Ta., 260 miles; Western Dlv., Hopkins to Watertown, 8. D., 215 miles; Kalo Branoh, Ha miles; Lake Park Branoh, l**
m. Wlnthrop, Minn., to Storm Lake, Minn., 154 miles. Leases trackage from Minneapolis to St. Paul over St. Paul A North. Pac RR., 10
miles total operated, 642 miles. Also owns, but leases to Bur. C. R.
A Nor., Albert Lea to Iowa State Line, 13 m. On July 1, 1901, branob
to White Bear Lake, 13 m., was sold to Northern Paoific V.75, p. 985.
Histort.— A reorganization In Oct., 1894, per plan In V. 59, p. 371,
of Railway foreclosed under Improvement and equipment mortgage.
In Feb., 1899, purohased (V. 68, p. 672,) from the Rock Island 123
miles, Morton to Watertown, 80. Dak., jbart of the 217 miles of the
unbonded Wis. rflnn. A Pac The New Ulm branoh through rich grain
and live-stock country to HI. Central RR. at Storm Lake, la., 135
miles, was completed about July 1, 1900. V. 68, p. 130. In June, 1900,
persons identified with Minn. A St.
obtained control of the Iowa
Central By. V. 70, p. 1249.
Stock.—The capital stook Is, oommon. $6,000,000 pref erred,5 p. c,
non-oumulative, $4.000.ooo. The preferred la entitled to dividends at
;
;
1902-03.... $200,888 $107,347 $30,849 $110,056 $60,000 def.$3L860
1901-02.... 262,149 124,753 34,597 112.707 105,000 def. 58 357
1900-01.... 642,132 262,720 39,262 137,285 142,500
22 197
-(V. 70, p. 280; V. 7 , p. 581, 1011; V. 74, p. 1089 ; V. 77, p. 2098!)
6g.
Mexican Ry.— Mexican Southern Ry.— See page 1747.
Michigan Central RR.— (See Map adjoining New York Central
sur.$6,093 sur.$99,198
None.
Bonds— rnnolINTEREST OR DIVIDEND8.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Whom.
Cent.
Dividend.
1,000
S
$2,792,618
3,289,021
[Vol. lxxyiii.
4,499,000 4 for *03 Sept 1 Own*dbyNa.RR.ofMex.
)
Net income
Fixed charges
. „,„.„„+
Amount
£100 £3,841,830
1899
1899
£100 £3,841,830
1899
350,000
1897 £100&c $5,850,000
1897 $500&o
1,664,000
1897 500 Ac
5,839,000
1903.Gross, $22,897,992; net, $5,540,972
1902.Gross, 19,050,898; net, 5,393,186
Annual Report— Fiscal year ends Deo. 31. Report for 1902 was
given in V. 76, p. 1082, 1140. The gross earnings below are Mexican
currency; all other figures IT. S. currency. Mexioan dollars averaged
42-16 cents In 1902, 47-82 cents in 1901 and 48*92 cents In 1900.
INCOME ACCOUNT— (U. 8. CURRENCY EXCEPT AS INDICATED).
1899.
1901.
1900.
Year ending Dec. 31— 1902.
2,621
3,135
2,054
2,016
Av'ge miles operated.
Gross earn.?.Mex.our$21, 132,227 $17,493,673 $17,223,878 $15,602,065
Net earns. Mex. cur.. 5,961,606 $4,986,663 $5,373,683 $5,199,095
Do do in U.S. cur. 2,513,384 2,384,598 2,628,577 2,516,961
115,720
187,110
MisceL in U. 8. cur..
279,234
182,517
our..
Jan. 1 to Nov.30 (11 mos.)
i
Par
Road. Bonds' Value. Outstanding
Hex. Int.— Pr. lien,£l,200,000,rea.atpar.Un.xo*<fcr
866
1st con. M. $16,000,000, g., not guar.Mp.xo*<fcr
866
Do
g., gn. stp., sub. to call 95 to Men., '07.
Income 4% bonds (no mort.), non-cumulative....
Mexican National—See National RR. OF Mexi CO.
83
Mex. No.— 1st M.,U. 8. gold, s.f. notoalled.Mo.o*<fer
Mexican Railway, Limited— Ordinary shares
1st preference stock, 8 percent
2d preference stock, 6 per cent
Perpetual 6 per oent debenture stock
321
Mexican So. Ry., Lim.— Ordinary shs., £1,000,000.
1st M. 4% deb. stock, £700,000, red. 110. (Text)
228
2d M.
I
I
Mex. Oent. Ry. Securities Oo.,Lim.—Adeb.stock
B deb.
;
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1659
.
.
.
mm
RAILWAY STOCKS AND BONDS.
Miles
Date
Size, or
Amount
Par
of
of
For explanation of column headings, &c, see notes
Outstanding
Road. Bonds Value.
on first page of tables.
J— See
N. Y.
Susquehanna & West.
MUtluii'l Valley— 1st M., $20,000 per mile, g.UP.
Mill Creek <£ Mine Hill Nav. <& RR.— Stock
Millen <f Southwestern— 1st mort., $800,000, gold..
1904
$25
....
1902
1,000
Milwaukee Lake Shore <£ Western— Bee Chicago <fc NOBT H-WE8 TERN.
Milwaukee <t Lake Winnebago—Bee Wisconsin Ce NTRAL Rt.
Milwaukee & Northern— Bee Chicago Milwaukee & St. Pa al.
50
52
Mine Hill Schuylkill Hav.—Btock (6 p. Ct. rental)
66 1891 500 &0.
Mineral Range— Cons, mort., text, g. red. at 105. c
66 1901 100,01
General mortgage, int. guar, by Can. Pacific F.
1,000
20 1891
Hancook & Cal., oons.,M\ g., red. at 105, ass'd...
100
Minneapolis & St. Lou is— Common 6tock.Ce
100
Pref. stook (V. 70, p. 1150), 5 p. c, non-cum.Ce..
1,000
27 1877
o*
1st M., Minn, to Merriam Jnuc, gold.FP
81 1877 500 Ac.
1st M., Merriam Junction to Albert Lea.gold. F.o*
1,000
Iowa ext. 1st M., g.(Al. Lea to Ft. Dodge)g.Ce.o* 102 1879
1,000
53 1880
Mort.on Southw. exten., g. ($12,000 p. m.)Ce..o*
92 1881
1,000
o*
Pacitlo extension 1st mortgage, gold. Ce
1894
1,000
First consolidated M., $5,282,000, gold.Ce. c*&r
632 1899
1,000
1st &ref.,M., $25,000,000, g. ($18,000 p.m.). Ce.
100
Com. stock, $14,000,000
Minn. St. P <£ S. Sit.
100
Preferred stock, 7 per cent, non-cum
1,000
Minn. Sault 8te. Marie <fe Atlantic 1st M.g.Ce..c* 495 1886
1,000
Minneapolis <fe Pacific. 1st M., $15,000 p. m.te.o" 286 1886
1,000
Consol. M., gold, int. guar, (end.)— See text Ce.c* 1,527 1888
1,000
1,527 1899
2d M., $5,000,000, gold. int. guar. .«e
1886
1,000
Minnesota Transfer 1st mort.— ($535,000 are 4s)c
1,000
50 1902
Minn. <& No. Wisconsin-let mort., $200,000, g..o*
22 1902
1,000
Mississippi Arkansas <£ Western— 1st M., gold. AC.
100
Missouri Kansas <© Texas—Common stock
100
Preferred stock, 4 per cent non-cumulative
1,601 1890 500 <feo.
1st mortgage, gold, Ce
a Of which $282,000 held In treasury June 30, 1903, b $1, 160,000.
<fi
,
M—
—
5 per cent, and then common to 5 per cent, then both share pro rata
The $2,500,000 first pref. was paid off at par on June 1, 1899.
fie
DIVIDENDS (p.c.) ) 1896. 1897. 1898. 1899. 1900. *01. '02. '03. 1904.
]
3i«
4*3
3
5
5
5 5 Jan.,213
H3 4
None.
5 5 Jan.,2ifi
Bonds, Etc.—Bonds Issued under the mortgage due June, 1927, numbered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by the Burl. Cedar Rapids & Northern RR.
As to first consol. mortgage see abstract V. 59, p. 1145. The refunding mortgage of 1899 limits the first consols to $5,282,000.
First refunding mortgage of 1899 is for $25,000,000, of whlon
$10,000,000 reserved to retire underlying bonds and $6,240,000 for
future extensions, improvements, etc., under severe restrictions. The
mortgage is a first lien on 283 miles of road, etc., and a blanket lien on
rest of property. V. 68, p. 187, 332. See application to list, V. 69, p. 32.
Gross, $1,980,911; net, $784,356
Earnings-8 mos.. > 1903-4
Gross, 2,310,953; net, 893,583
July 1 to Feb. 29. » 1902-3
For 5 mos. ending Nov. 30, 1903, net, $2,127,628, against $2,118,590; charges and rentals, $948,217; bal. for div., $1,179,411.
Preferred
>
Common
HOUAlS—L ..„..
LNTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks—Last
Dividend.
Whom.
Payable
Cent.
l-
RAILROADS.
Midland RR.of N.
Vol. lxxyiii.
3
)
Annual Repori.—Annual meeting
1st
Tuesday in Oct.
Report for
1902-03 was in V. 77, p. 2336; see also edit., p. 2306.
1901-02.
1900 01.
1902-03.
Tear Ending June 30.
633
642
642
Average miles operated
$703,826
$876,486
$901,939
Passengers
2,413,134
2,526,763
2,224,520
Freight
158,544
137.591
139,013
Mail, express, &c
$3,265,472 $3,540,840 $3,275,504
Gross earnings
$1,237,530 $1,446,120 $1,318,887
Net over taxes.
188,954
185,036
217,415
Other income
$1,454,945 $1,631,156 $1,507,841
Total net income
897,220
886,980
886,980
Interest paid
(5)200,000 (5)200,000
(5) 200,000
Dividend on pref stock
(5)300,000 (5)300,000 (4)240,000
Dividend on common stook
56,711
47.451
56,050
Rentals, eto
$113,909
$196,725
$11,915
Bal. surplus for year
Officers.— Pres., Edwin Hawley. New York; Vioe-Pres., L. F. Day;
Sec, Joseph Gaskell. Minneapolis; Treas., F. H Davis, 25 Broad St.,NY.
Directors— E. Hawiey, H. K. Huntington, B. Lanudon, F. B. Palmer, F. H. Davis
John K. Searles, New York; L. C. Weir, New York; George Crocker, New York.
L. F. Day, Minneapolis.
—(V. 74, p. 94, 1089; V. 75, p. 549, 977, 985; V. 77, p. 2280; 2336.)
Miii ilea poll* St. Paul & Sault Ste. marie Ry,- Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North
Dak., at the International boundary line there connecting with the
Canadian Pacific, 1,039 miles; branches, Hankinson, No. Dak., to Bismarck, 214 miles; Wisliek, North Dak., to Pollook 70 miles; other
branches, 105 miles; spurs, 23 miles; total July 1903, 1.453 miles;
also has terminal trackage in Minneapolis, St. Paul and Sault Ste
Marie aggregating 19 miles.
In Jan., 1904, extension was building from Glenwood, Minn., north
via Alexandria to White Earth, Indian reservation, 125 miles, of which
59 miles were operated. Branch from Blrchwood to Reserve Village,
Wis., 20 miles, was opened Jan 1904. V. 77, p. 765.
History.— Formed June, 1888, by consolidation of the Minneapolis
Sault Ste. Marie & Atlantic, the Minneapolis & Pacific, etc. (See V.
,
46, pp. 538, 609; V. 77, p. 628.)
Stock.— Authorized, common, $14,000,000; preferred, $7,000,000,
which the Canadian Paclflo on July 1. 19l>3, owned $7,066,600
oommon and $3,533,400 preferred. Preferred stook has a prior right
of
to 7 p. o. (non cum.); then common to 7 p. c: then share pro rata. V.
75, p. 549. Car trusts, $1)3,765; due. $13,395 semi-an., 1904-07.
Dividends.— On preferred, 7 p. o. aid on common 2 p. c, both paid
Oct. 15, 1903, from earnings of calendar year 1902; on Apr. 15, 1904,
eeml-an. dividends, 2% on common and &**% on pref. V. 77, p. 451.
Bonds.—Can. Pao. guarantees by endorsement 4 per cent interest on
all the bonds assenting to a reduction of interest to 4 per oent.
(See
V. 50, p. 784; V. 51, p. 239. About one-half the Minn. <te Pao. bonds
and practically all of the other Issues assented; on Apr. 15, 1H03, semiannual dividends, 2 p. c. on common and 3i$ p. o. on preferred.
Abstract of Minneapolis Sault Ste Marie <t Atlantic mortgage In V. 45,
p. 243. The consol. mortgage of 1888 (trustee, Central Trust Co., mort
gage abstract Chronicle, V. 47, p. 142), was for $21,000,000 on 800
miles (sulliiient of this amount being reserved to retire the prior
bonds) and for $20,000 per mile on all additionaljmlleage. V. 73, p. 185;
V. 78, p. 820.
Of the $5,000,000 2d 4s of 1899 $3,500,000 were issued to take
up certain maturing interest-bearing obligations and ourrent capital
expenditures and for equipping of terminals and additions, the remaining $1,500,000 to be issued hereafter from time to time only as
required. V. 68, p. 069, 771, 977; V. 71, p. 645.
Latest Earns.— 8 mos. > 1903-4 Gross, $4,909,859; net, $2,411,708
July 1 to Feb. 29.
\ 1902-3.. Gross,
4,889,278; net, 2,454,764
Report.— Report for year ending June 30, 1903, was in V. 77, p. 765.
*tet.
dross.
Inl.,lajres,etc. Equip., etc. Bal., sur.
Year.
1902-08.. .$7,237,264 $3,517,342 $1,852,844 $200,000 $1,464,498
1901-02... 6,222,387
3,280,760
1,694,259
300.000
1,286,501
-(V. 77, p. 451, 628, 695, 765; V. 78, p. 288, 769, 820.)
IMlniM'Hota A: North Wisconsin
See page 1747.
KR.—
See text.
$J23,375
8ee text.
4,210,200
593,000
1,000,000
325,000
c6,000,000
d4,000,000
455,000
950,000
1,015,000
636,000
1.382,000
a5,282,000
b8,760,000
14,000,000
7,000,000
8.209.000
336,000
26,970,000
3,500,000
1.439,000
140,000
220,000
63,300,300
13,000,000
40,000,000
c $174,10
5g.
10
J.
J.
&
&
Jan.
J.
J
1,
1954
Jan., 1904,
Philadelphia.
1932
5%
& J. Phila.,Offlce,119 8. 4th. Jan.l5,'04,2Jfl
& J. New York. 44 Wall St. Jan. 1, 1931
& J. All owned by Can. Pao. Jan. 1, 1951
& J. New York, 44 Wall St. Jan. 1, 1931
5 g.
& J. N. Y. Central Tr. Co. Jan.l5,'04,2ia
5 In 1903
do
Jan.15,'04,21*
do
& J.
5 In 1903
do
Jan. 1, 1907
do
& J.
7g.
June 1, 1927
do
do
& D.
7g.
June 1, 1909
do
do
7g. J. & D.
Deo. 1, 1910
do
do
J. & D.
l g A. & O.
Apr. 1, 1921
do
do
Nov. 1, 1934
do
do
M. & N.
f g M. & S.
Moh. 1. 1949
do
do
4 g.
J
5ia
4 g.-5 g.
4 g.
J.
J.
J.
J.
J.
J.
-
'
See text. See text Minn.offloe; chks mailed
do
do
See text. see text
4 g. <fc 5 J. & J. N. Y., B'k of Montreal.
do
do
4 (5) J. & J.
Apr.15,'04,2%
Apr.l5,'04,3ia%
Jan. 1, 19'2b
Jan.
1,
1936
&
&
&
&
&
4g.
4g.
4<ft5
5 g.
5g.
4 g
J.
d$
July 1, 1938
Jan. 1, 1949
J
A. lstN.B'k,8t.Paul.Minn. Aug. 1, 1916
J Minn. L. & Tr., Minn. Jan. 1, '05-'08
J. Am.Tr. &Sav.Bk.,Chlc Jan. 1, 1922
A
D. N. Y. OrHoe, 49 Wall St
J.
do
do
do
do
June
1,
1990
39.600
Minnesota Transfer Ry.-Union road, owning 11-67 miles, extending from Junctionwith Chic. Mil. & St. Paul at Merriam Park to
Fridley (with stock yards, etc); side tracks 50-70 miles; total 62-37
miles.— (V. 67, p. 956). Stook, $70,000, equally owned by:
Chicago Milwaukee & St. Paul, Northern Pacific, Chicago St. Paul Minn. &
Omaha, Minneapolis & St. Louis, Wisconsin Central, Chicago Burlington &
Quincy, Great North.. Chic. Great Western. Minn.St. Paul & Sault Ste. Marie, and
Chic. Kock Island & Pac.
Additional bonds can be Issued for property and improvements as
required. Principal onlv is payable in gold. Mortgage trustee. Northwestern Trust Co.. St. Paul. Minn.— (V. 66. d. 1238; V. 67. p. 956.)
Western Ry.— Owns from a point
Mississippi Arkansas
in Drew County, Ark., to Gaines Landing on the Mississippi River in
Chicot County. Ark., 22 miles. Stook authorized $220,000. President.
Geo. H. Martin, Fort Dearborn Building, Chicago, 111. (V. 75, p. 442.)
Texas Ry.— Road.— Operates a line with
Missouri Kansas
northern termini at St. Louis, Kansas City and Hannibal, Mo., extending southerly across the Indian Territory and the Texas cotton belt to
tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with branches. (U See this company.)
Operated not owned.
Miles.
Miles.
Road owned.
Wichita Falls Ry
Missouri Kan, <fe Tex. Ry.—
18
St. Louis to Red River, Tex 629 Denison & Washita Val. Ry.
(V. 76, p. 1249)
Hannibal to Franklin Jc... 104
20
Denison Bonham & N. Or.RR.
Branchesto Paola and Par24
Dal. Cleb. & Southwestern...
sons, Kan., and Stevens,
10
&
&
—
490
I.T..&0
Mo. Kan. & T. Ry. of Tex.—
Red River to Houston, Tex. 548
112
Denisonto Henrietta
446
Other branches
Dewey,
I. T.,
to Bartlesville.
Operated jointly.
St. Louis to Texas Junction..
Kansas City
T
to Paola
hitesboro to Ft. Worth
I ola to Plqua, Kansas
W
4
24
43
71
7
Total owned
2,329 Galveston Hous. <fe Hend.... tf50
Controlled— Leased.
Total operated Apr., 1904.2,991
392
Mo. Kan. & Okla
The Denison Bonham & New Orleans Ry., Denison to Bonham, Tex.,
24 miles, has been operated under a ten-year contract slnoe Dec, 1901.
The Dallas Cleburne & Southwestern Ry., Cleburne, Tex, to Egan, 10
m. (to be extended to Dallas, Tex., 27 miles), is leased. V. 76, p. 48.
Extension, Georgetown to Austin, Tex., 32 miles, under construction.
Organization, &c— Reorg. in 1890, without foreclosure. V.49,p. 719
The $12,890,000 stook of the "M. K. <fe T. Railway Co. of Texas"
Is deposited with Central Trust Co. as trustee for the M. K. & T. security holders. (V. 54. p. 1047 V. 55, p. 298.) M. K. & Eastern was absorbed in 1897, K. O. & Pao. in 1899 and Sher. Sh. & So. in 1901. V.
;
63. p. 30; V. 73, p. 609.
The Missouri Kansas & Oklahoma RR., with $12,000,000 stook, all
owned, which absorbed the Texas & Oklahoma RR. in Dec, 1903, is
building from Stevens, I. T., near Coffeeville, Kan., to Oklahoma City,
and Guthrie, with branch to Wybark, about 275 miles, and from Coalgate. I. T., to Oklahoma City, 125 miles. Of these 392 miles were
completed in Apr., 1904. See Bonds below. V. 74, p. 1038, 1140;
608, 1086; V. 76, p. 480, 1249.
in Indian Territory 3,110,400 aores, sublect to Indian title. For status in 1897 and 1898, see V. 67. p. 222;
V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p. 1155 V. 77, p. 2339.)
Stock. - Stock was increased in 1904 fram $56,100,300 to $63,300,300.
Bonds.— M. K. &. T. 1st and 2d mortgages of 1890 [abstraots in V.
51, p. 495] cover line from Hannibal, Mo., to a point 80 miles from
Houston, Tex., 941 miles [except 71 miles of traokage] and sundry
branches, the total mileage mortgaged being 1,601 miles, lnoluding the
Sherman Shreveport & So., but see below. These mortgages also oover
the right to the land grant in the Indian Territory.
The Missouri Kansas <6 Eastern bonds originally guaranteed were
assumed In June, 1896, the road forming the St. Louis extension from
Franklin, Mo., to Texas Junction, Mo., 162 miles. 8ee V. 63, p. 30.
Of the St. Louis division 1st refunding bonds; $4,666,000 were reerved for the retirement of both issues, the balance being for extensions and improvements on the division. V. 72, p. 1034; V. 75, p. 608.
The Sherman Shreveport dt Southern mortgage is for $6,000,000 at
$20,000 per mile; issued, $3,689,000, of which $2,000,000 pledged
under M. K. &T. mort. of 1890. The bonds, formerly guaranteed, were
assumed upon consolidation in May, 1901. V. 72, p. 1034, 1115.
Guaranties.— The Boonville Bridge 4s are guaranteed, principal and
Interest, and also as to sinking fund beginning 1911. V. 73, p. 494.
The M. K. <£ T. in Texas mortgage seoures $10,000,000 of bonds at
$20,000 per mile for extensions in Texas. They are guaranteed principal and interest. See above, and guaranty V. 56, p. 604.
The Southioestern Coal <£ Improvement Go's bonds are guaranteed.
Mortgage ($1,000,000) covers the coal on 51,000 aores in Indian Territory, and the company also owns 2,350 acres additional, the Denison & Washita Ry., 20 miles, mines in aotive operation, etc
The Missouri Kausas
Oklahoma bonds are guaranteed, principal
and interest; the bonds are issuable at $20,000 per mile on new mileOklahoma. The Texas
Oklahoma bonds are also guaranteed.
age in
Form of guaranty, V. 75. p. 185. V. 74, p. 1038; V. 75, p. 733; V. 77,
p. 252; V. 78, p. 48. In Jan., 1904, M. K. &0. first extension mortgage
was fllod to provide for future extensions, etc, none of the bonds to be
issued Immediately except $337,000, as provided in the mortgage. V.
78, p. 343.
V. 75.
p.
Land Grant.— Land grant
;
&
&
F
.
Apr.,
RAILWAY STOCKS AND BONDS.
ii)04.
KALLROADS.
ifor
explanation of oolumn headlngB, Ac,
on first page of
see notes
Miles
of
<t Texas— (Oon.)— 2d M., gold. Me. 1,601
IstM. exten. bonds, gold, $20,000 p. m.«'e..c* 143
Missouri Kansas
St. Louis Dlv., 1st, ref'gM., $6,000.000. F...0*
Mo. K. &East. IstM., $4,000,000 g., assiun.Ce.
2d mortgage, guaranteed, being retired
8h. Sh. & So. 1st M., $20,000 p. m., g., assu.Ce.o"
Kan. Clty& Pacific IstM., gold, assumed. re... o.
Equipment bonds, due $67,000 semi-annually..
Guaranteed bonds—
DaUasAWacol8tM.,$20,000p.m.g.p.Ai.gu.Cec*
M.K. A Ok.,let M ,$20,000 p. m., g., gu. p.&i.Ce.c*
&Ue.c*
i'62
162
202
130
67
273
110
M. K.
M.K.AT.ofTexaslstM.,$20,OOOp.m.,g.,gu.CeoBoonv. Br., IstM., g.,gu. p. <fci., end, s. f.Ce...o*
S. W.C. Almp. 1st M.gu.p.Al.,s.f., call at 125.
Missouri Pacific— Stook ($100,000,000 auth.)....
Pac. RB. of Mo. 1st M., extend. In 1888, gold. me
2d mort. ext. in 1891 in gold, St. L. to K. Co*
1.95
283
283
1st M., St. Louis real estate, ext. In 1892, gold.
*13
1st M. Carondelet Br., g., gu. p.A i.(end.)ext.'93
3d M. (cover'g all prope.of Pacific RR. of Mo.)Ce 296
55
Mo. Paoiflo 1st M., Lexington to Sedalia, Mo, gold
Consolidated mortgage, $30,000,000, gold.,.0* 1,076
o*<fcr 1,120
Gold collateral trust.
671
lstcollat. mort. bonds for $10,000,000 g.IWc.o*
52
Ler. A Caney Val. 1st M.,g., gu. (V. 70, p. 1095).o*
81
Verdigris Val. Independence <fe W. 1st M.,g.,guar.
K.C.& N.W.,lst M.pf."A"g.,lnt.rent.,red 105,I»Ie
Equip. Ass'n obligat'ns, $203,000 pay.Sept.l y'ly
Un
do
do
do
Ser. B.,g., $97,000 due Mar. 1 yearly
Per. C, g., $282,000 June 1 y'rly.BIe
Ser. D, g.. $25,000 Deo. 1 yearly...
do
do
do
Ittlsnourl
Kansas
6c
of
Size, or
Par
Komi. Bonds Value.
tables.
Tex.AOkla.,lstM.,$2,500,000,g., gu.p.
& O., 1st ext. M., g.Ce.seetext
Date
1890
1902
1903
1904
1892
1901
1889
1,000
1,000
1,000
1,000
1,000
1,000
100
1868
1,000
1871
1,000
1872 500 Ac
1873
500
1876
1,000
1880 500&0.
1880
1,000
1887
1,000
1890
1,000
1886
1,000
1886
1,000
1894 500 Ac
1902
1,000
1903
1,000
1903
1,000
1903
1,000
Texas Ry.— (Concluded.)
30, 1903, these aggregated $3,798,219.
payable part yearly till 1910. V. 75, p. 608. In Mar., 1904, $938,000
equipment bonds were issued. V. 78, p. 1392.
Latest Earnings.— 8 months ending Feb. 29:
1902 3
Annual
Charges.
Net.
Surplus.
Gross.
$930,274
$12,518,667 $3,569,599 $2,639,325
2,494,472
3,524,798
1,030,326
11,970,847
Report.— Annual meeting first Thursday after first Monday
Report 1902-03, V. 77, p. 692. See also editorial, p. 736.
In April.
Tear end.
1901.
1902.
1900.
June 30.— 1903.
2,<s01
2,265
2,500
2,218
Aver.mlles operated.
$2,658,245 $2,152,768
Passenger earnings. $3,160,455 $3,040,842
12,097,618
13,256,900 12,632,692
9,886,995
Freight.
717,865
647,220
790,838
586,7 49
Mall, express, etc..
Gross earnings. ...$17,208,193 $16,391,399 $15,403,083 $12,626,512
8,765,470
Ope. exp.and taxes. 12,449,083 11,871,564 11,134,147
Netearn.,lncoth.inTI 4,858,675 $4,553,648 $4,307,073 $3,904,251
3,226,844 3,118,015
3,291,39«
3,082,093
Interest on bonds..
371,292
417,865
389,142
467,363
Rentals.. Ac
sr.$l,099,916 sr.$908,939 sr $799,916 sr.$450,866
Balance
11 $99,565 In 1903, $33,813 In 1902, $38,137 In 1901, $43,209 In 1900.
Officers.— Chairman and President, Henry O. Rouse, New York;
Vloe-Pres. and Gen. Manager, A. A. Allen, St. Louis, Mo.; Vice-Pres.
and Treas C. G. Hedge, New York; Secretary, S. Halline, 49 Wall St.
Directors—John D. Rockefeller. William Rockfeller, Henry C. Rouse, Colfate Hoyt, Henry W. Poor, Joel F. Freeman, Chas. G. Hedge, James Brown
'otter and Herbert L. Satterlee, New York; Myron T. Herrick, Cleveland, O.;
A.A.Allen and James Hagerm''D, St. Louis, Mo.; B. P. McDonald, Alfred J.
Poor and t. n. Sedgwick, of Kansas: H. J. De Marez Oyena, Amsterdam.
Holland,— (V. 77, p. «»'i, 1874. 20W8, 2339; V. 78, p. 48, 13W2, 1447.)
Missouri Pacific Ry.— (See Map.)— Operates an important system extending westerly and southwesterly from St. Louis, Mo., including main lines from St. Louis to Omaha, Neb., 495 miles, and from
Kansas City to Denver, Col., 758 miles, with many branches in Kansas, etc. Through the St. Louis Iron Mt. A 8outhern,which it controls,
connection Is had with Texas and the lines of the Texas A Pacifio,
International A Great Northern and tne St. Louis Southwestern, the
whole forming what Is known as the " Gould System," (see V. 60, p.
83.) The Mo. Pac. property lnoludes
Miles.
Leased lines, etc— (Oon.)
Lines owned and controlled. Miles.
495 Leroy A Caney Valley
52
St. Louis to Omaha
847 Kansas City A 8.
48
Other main line
192
25 branches owned
1,713 Other lines
Trackage to St. Joseph, etc
35
Leased lines, etc.
Boonville St. L. A Southern. .
44
81 Tot. Mo. Pao.and br'noh lines.3,507
Verd. Valley Ind. A West
Also owns all capital stock of Central Branch Union Pac, etc, 388 m.;
St. Louis Jron Mountain A Southern and leased lines, 2,213 miles.
Grand total Missouri Pacific mileage Jan. 1, 1904, 6,108 miles.
Early in 1901 a large interest was acquired In the Denver & Rio
Grande RR. and so in the Rio Grande Western Ry., extending the
system as far west as Ogden, Utah. The Gould and Rookefeller holdings In the Denver A Rio Grande are together understood to constitute
a large majority of entire capital stock. See also "General Finances."
Organization, Leases, Ac—The Paoiflo RR. of Missouri was sold la
foreclosure September 6, 1876. The present company was a consolidation in August, 1880, embracing the Missouri Pacific and minor roads.
Control of the International A Great Northern was secured in 1892
and of Central Br. U. P. In 1898-99. 8ee V. 68, p. 329, 520. As to
Texas A Pac and Wabash, see "General Finanoes" below.
Stock.—In July,1901, the authorized capital stock was Increased from
.$70,000,000 to $100,000,000. The amount outstanding on Dec 31,
1900, was $50,432,150; this was increased to $76,402,875 In
1901 by the conversion of $11,218,000 collateral trust bonds and
by Issue of $2,983,500 for purohase of entire stock, and $2,983,500 "B"
bonds of K. C. Northwestern, and by further issue of $14,422,000
partly at par to stockholders] to purohase $14,800,000 common and
J7 ,300.000 preferred stook of Denver A Rio Grande and for other purposes; in 1902 $1,400,000 was sold to pay for new construction, 56
miles. V. 72, p. 1188, 1238, 1280; V. 73, p. 185, 1356, V. 75, p. 549.
Drvs.— >'82 '83t0'87 '88 '89 '90 '91 '92to'00 '01 '02 '03 1904
Per cent. 5 6H 7 yearly. 5H 4 4 3
None 2** 5 5 Jan., 2*fl
From July, 1901, to Jan., 1904, both inol., 5 p. 0. yearly (J. & J.)
Bonds.—The consolidated mortgage is for $30,000,000— trustees John
F. Dillon and Edward D. Adams— the balance unissued is in trust to
redeem prior bonds due If deemed best. Abstract in V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New
York, trustee) are secured by mortgage bonds of new roads at $12000
or $15,000 per mile; these embracing the line from Fort Scott, Kan.
to Pueblo. Col etc For securities pledged, etc, see V. 46 ,p.678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874.
In Feb., 1904, *6,000,000 of two-year 5 per cent collateral trust
notes ($5,000 each), due Feb 10, 1906, were sold; Equitable Trust
Co. of New York, trustee. V. 78, p. 584.
General Finances.— In Feb., 1904, $23,680,000 of the $24,650,000
Texas A Pacific 2da had been exchanged for 65 p er cent in a new St.
L. A I. M. bond. (V. 68, p. 283, 619, 725, 774.) In 1903 the Mo. Pac
,
W
.
.
Outstanding
JUoiuls— iTLUOlLNTERE8T OR DIVIDENDS.
pal.When Due.
When Where Payable, and by Stocks—Last
Payable
Whom.
Cent.
Dividend.
Rate per
1890 $500&c. $20,000,000
1894
1,000
2,868,000
1901
1,000
1,852,000
1892
1,000
4,000,000
1892
113,000
1,000
1893
1,000
1,689,000
1890
1,000
2,500,000
1904
1,000
938,000
Equipment Notes.— On June
1903-4
Amount
1(>G1
A
A
A
A
A
A
A
F.
M.
A.
A.
A.
J.
F.
&
M.
413
5 g.
1,340,000
5 K5,456,000
5 g.
2,200,000
5 g.
See text.
5 «•
3,907,000
4
1,000.000
6
968,000
77,802,875 5 in 1903
7,000,000
t g
2,573,000
g
2
800,000
5 g.
4**g.
237,500
7
3,828,000
650,000
2 g
14,904,000
6g.
5 g.
14,376,000
5 g9,636,000
520,000
5 g5 g806,000
1,024,000
5 g5 g1,827,000
776,000
5 g2,820.000
5 g5 g.
250,000
-
-
-
&
&
A. N. Y. office, 49 Wall
N.
do
do
O.
O.
O.
D.
A.
S.
do
do
do
do
do
do
do
do
do
do
New York.
St.
June
Nov.
Apr.
Apr.
Apr.
June
Aug.
1,
1,
1,
1,
1,
1,
1.
1998
1944
2001
1942
1942
1943
1990
Sep.'04.Mr.'ll
do
do
Nov. 1, 1940
do
do
May 1, 1942
&
do
do
Sept. 1, 1943
do
do
J. & J.
Jan. 1, 1954
M. & 8.
do
do
Sept. 1, 1942
M. & N.
do
do
Nov. 1, 1951
do
do
J. A J.
July 1, 1929
J. & J. N. Y., 195 Broadway. Jan. 20,'04,2i«
F. & A. N. Y., Mercantile Tr. Oo. Aug. 1, 1938
do
J. A J.
do
July 1, 1938
do
M. & N.
do
May 1, 1938
do
A. & O.
do
Oct. 1, 1938
M. A N.
do
do
Nov. 1, 1906
do
do
F. A A.
Aug. 1, 1920
M. A N.
do
do
Nov. 1, 1920
M. A S.
do
do
Jan. 1, 1917
F. A A.
do
do
Aug. 1, 1920
do
July 1, 1926
J. A J.
do
M. A S.
do
do
Moh. 1, 1926
do
do
Jan. 1, 1933
J. A J.
-M.
do
do
Sept.,1904-'12
^.-M.
do
do
ToMar.1,1912
Q.-M
do
do
To June, 1913
do
do
To Dec, 1913
Q. M.
M.
M.
M.
N.
N.
8
aoqulred $2,000,000 Wabash RR. preferred stock and tbe St. Louis &
Iron Mt. $6,500,000 additional, the latter also owning $5,435,000 of
the debenture B bonds, making the entire voting interest held $13.935.000 out of a total of #82,000,000 stock and voting debentures. V.
78, p. 1109. Syndicates in which the Goulds are largely interested
have purchased the Western Maryland and West Va. Cent. & Pitts,
(see those companies), and have nearly completed a line connecting
the Wabash with Pittsburgh (see Pittsburgh Carneg'e & Western) and
are building easterly to a connection with the Western Maryland and
tidewater at Baltimore.
Gross, $7,055,786; net, $1,853,095
Earnings— 2 months, > 1904
Gross, 6,648,083; net, 2,077,268
Jan. 1 to Feb. 29.
$1903
Annual Report.—Fiscal year ends Deo. 31. Annual meeting is held
at 8t. Louis in March. Report for 1903 was in V. 78, p. 1105, 1115;
see editorial, p. 1082. Earnings of Missouri Paoiflo system have been
as below. " Other income " in 1903 includes Interest on Tex. & Pac
2d mort. incomes, $1,1 13, 800; Pacific Express Co., $180,000; Denver
A Rio Grande RR., $365,000; coal companies, $697,415, etc
Iit03.
1902.
1901.
Year ending Dec. 31.
Miles operated
5,846
5,613
5,570
Total earnings
$43,095,768
$37,495,688
$36,661,093
Netearnitigs
13,680,765
12,452,497
13,045,579
Other income, Ac
2,422,139
3,776,965
2,473,431
:
Total net Income
Interest and rentals
$14,874,636
$17,457,730
$15,519,010
$6,645,672
$6,615,889
$7,107,352
Taxes.
1,225,240
1,123,374
1,082,916
'undry accounts
1,538,645
560,968
341,683
Dividends
(5%)3,890,115 (5%)3,855,110 (5%)3,563,802
Balance, surplus
3,696,378
2,689,512
3,914,720
Officers.— President, George J. Gould; Secretary and Treasurer, AH Calef, 195 Broadway, New York.
Directors.— George J. Gould, Russell Sage, Edwin Gould, Samuel Sloan, James
H. Hyde, John D. Rockefeller Jr., Howard Gould, E. Parmelee Prentice, Fred.
T. Gates and FraDk J. Gould, New York: C. G. Warner, Russ-ell Harding,
Blxby, St. Louis, Mo.— ( V. 78, p. 820.
1109, 1115 1448, 1497.)
W, K.
HO*,
Missouri Pacific System— St. Louis Iron Mountain 6c
Southern Ry.— (See Map.)— Owns St. Louis to Texarkana, Tex. Line.
490 m.; branches to Belmont,Mo., Bird's Pt, Mo. (Cairo), Camden, Ark,,
Selena, Ark.. Cushman, Ark., Arkansas City, Ark., Warren, Ark., Memphis, Tenn., Ac; Houston Central Arkansas A Northern Railway, MoGehee, Ark., to Alexandria. La., 190 miles; White River branch,
Illinois Division, Memphis Helena A Louisiana, East A West 111. Ry.,
1,137 miles; total owned Dec 31, 1903, 1,817 miles. Leases Little
Rock Ai Fort Smith and Little Rook Junction railroads, 175 miles;
Kansas A Arkansas Valley RR., 170 miles; St. Louis Southw. Ry., 51
Total operated Deo. 31. 1903, 2,213 miles.
In Dec, 1901, holders of $22,276,000 of the $23,172,588 Texas A
Paoiflo seconds exchanged their bonds for 65 per cent iu new Iron
Mtn. gold 4s bearing Interest from July 1, 1899. 8ee Bonds below,
also V. 68, p. 329, 380, 474, 520, 572, 619, 725, 774. In Dec, 1902,
the New Orleans A Northwestern RR., Vidalia, La., northwesterly to
Arkansas State line, 115 miles, was bought. V. 75, p. 1400.
A new short route from St. Louis to New Orleans is
proposed via 5 the west side of the river, and a connection
with the Texas & Paoiflo at Clayton, La., and a diagonal line
from the last-named line to a connection with the Mo. Pac at Carthage, Mo., completing a 480-mile low-grade line from Kansas City to
Memphis. Of these lines, West Memphis to Clayton, La., 278 miles,
was under construction, and Batesville, Ark., to Carthage, Mo., 254
miles, 93 miles of the latter being completed. V. 76, p. 543, 600, 1031
STOCK.— Stook was $25,788,435, of whioh $25,733,400 Jan. 1,1904,
was owned by Missouri Pacific— mostly acquired in 1881. Authorized
limit increased in 1903 to $130,000,000. See below. V. 69, p. 27.
Dividend— In 1899 2 p. c; 1900, 6; 1901, 6; 1902, 10; 1903, 10.
Bonds.— General oonsol. mort. Is for $45,000,000, Nos. 11,001 to 18,000 inoluslveare endorsed with the Missouri Paoiflo's guaranty of principal and Interest form of guaranty was in V. 56, p. 650; they are a first
miles.
;
on 1,538 miles. (V.
The gold 4s of 1899
lien
68. p. 85, 233, 520; V. 78, p. 704, 1224.)
lBsue $30,000,000) may be increased
$12,000 per mile, for construction or
acquisition and equipment of branches and extensions.
They are
secured by a lien (subject only to the general consols on all the railroads, terminals and equipment of the company, and also a first and
only lien on all stocks and bonds now embraced in the trust of the
fold funding note indenture upon satisfaction thereof, all leased and
ranch lines, or their bonds and stocks acquired by the loan, and all
Texas A Paoiflo seconds acquired, and all future extensions and
branches constructed or aoqulred.
Of the $30,000,000 at present authorized $16,250,000 were issuable to retire the entire
issue of Texas A Paoiflo seconds, and $12,114,000 to retire at onoe
$3,952,000 gold funding notes and $3,412,000 Kansas A Arkansas
Valley 1st 5s, and also eventually $2,596,000 Little Rock A Ft. Smith
bondB, $435,000 Little Rook Junction 1st 6s, $683,000 car trusts, and
$200,000 Baring Cross Bridge bonds and the balanoe, $1,636,000
available for Improvements. (V. 68, p. 619; V. 70, p. 997; V. 74, p. 206;
(first
not over $10,000,000, at
V. 78, p. 704, 1224.)
The River A Gulf Divisions 4s of 1903 (present issue $20,000,000)
be seoured by a first lien on 677 miles of road built or under construction (see above) and on terminal property at St. Louis, East St.
Louis, Cairo and Thebes, and 8,000 acres of coal lands in 111will
16(52
RAILWAY STOCKS AND BONDS.
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RAILWAY STOCKS AND BONDS.
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CONNECTION'S.
1
RAILWAY STOCKS AND BONDS.
1004
RAILROADS.
For explanation of column headings,
on tlrst page of tables.
<fcc,
Miles
of
see notes
Date
Size, or
of
Par
Louis Iron Mountain <6 Southern— (M issouri P
Gen. oonsol. * 1. gr. M. ($45,000,000) g.Me....o*
gold, stamped, guar. p. & l..o'
Do
do
o*
Unifying & ref. M., gold, $40,000,000.
River &GDiv'H8 1st M., $50,000,000, g.Me.c'Ar
Car trusts Deo.31,1903,dueJune,*ept.«fe i>ec.,yrly
Car trusts, ser.N, $307,000 or $308,000 Sep.y'rly
Baring Cross Bridge Co., 1st M., gold, red. to6p.c
Little Rock A- Ft. Smith lstM.Jand gr. slnk.fund..
Little Rock Juno. lstM.,gu. p.&i.by Ir. Mt.Me.o*
PlneBl'n&West.lstM.,gu.p.&i.,red. lOjrs. 105
Mobile <t birmingh. .KK.—Pref. stock ($900,000)....
Mp
Prior lien, gold, $600,00O.Ce
eonclu ded)—
1,538 '81to'7 $1,000 $36,843,000
1,538
1,000
6,945,000
1,538 1899
1.000
27,563,000
445
165
2
42
Rle.O
letM., $1,200,000
Mob. Jack. <£ K. 0.— 1st con. M., $4,000,000, g.Ce.C*
Glf.&C..lstM.,$5.000.000,g..gu.re(l. 110.«'ol.c*
Mobile <t Ohio 1st M., Mob. to Col. (prin. gold).F.o*
1st M., exten.,Colum. to Cairo <febranoh,gold. K..o
General mort. for $10,500,000, (now gold) s. f. Fo"
Montgomery Div.,lstM., $4,000,000, gold Ce.o*
Collat. trust, gold, ($2,500,000) call at par G.c*
8t. Louis & Cairo 1st mort., gold, Interest guar.o
Mobile <fe B. Sh. 1st M., $200,000, assum., g.,F.o*
Equipment bonds ($373,000 are 6s)
149
140
472
55
506
189
iei
38
,,
Jfon'gow'?/.Be»L.-l8tM..$200,000,lawfnlmoney.o
1899
1901
1904
1000
1902
1,000
1892
1,000
1902 1000 &c
182
163
1900
1890
1,000
1,000
1,000
1.000
and deposit of the bonds of the Union By. of MemAdditional bonds may be issued up to a total of $50,000,000
at not over $30,000 per mile of main line for new construction, and
$1 5,000 per mile of second track and branch lines, but not exceeding
the actual cost, and for additional terminals, equipment, double
phis.
V. 76 p. 548, 600. 1085: V. 77, p. 1875,
V. 77. p. 2036, 3049; see also V. 78, p. 1448.
Pine Bluff <*> Western guar. 5s of 1903 (American Central Trust Co.
ef St. Louis, trustee), see V. 78, p. 103; form V. 78, p. 769.
Annual Report.— Report for 1903 in V. 78, p. 1106, showed:
1903.
1902.
1901.
Year ending Dec. 31—
See also above.
to
list,
$19,575,350 $17,640,578 $16,961,021
6,720,285
6,634,320
6,944,947
1,428,572
Other receipts
1,274,607
1,062,572
Total net income
8,148,857
7,908,927
8,007,519
3,624.601
Interest on bonds
3,170,531
3,118,403
Taxes, bridge exp., rent'ls, &c.
1,056,512
936,591
757,468
Dividends
(10 %)2,578,831( 1 2,578,831( 6%) 1,547,283
Balancefor year
sur.$888.913 su.$l,222,974
$2,584,365
—(V. 78, p. 49, 104, 229, 584, 704, 1224, 1393.)
Mobile &. Birmingham RR,- Mobile to Marion Junction, Ala.,
149 miles; opened in July, 1888. Leased to Southern Ry. from Mar. 1,
1899, for 99 years, the latter agreeing to meet the interest on bonds,
and to guarantee a dividend on the $900,000 preferred stook of 1
per cent for first year, 2 per cent for second year and 3 per cent for
third year, and 4 per cent for the fourth year and thereafter. The
$900,000 common stock is owned by Southern Ry., and the voting
Sower on the preferred irrevocably assigned to the Southern Ry.
uring the term of the lease. V. 68, p. 429, 1134; V. 69, p. 391 V. 71,
p. 1013. Foreclosed in 1895 per plan V. 60, p. 657.— (V. 72, p. 137.)
Mobile Jackson dc Kansas City RR.— (See Map. )— Mobile to
Hattiesburg, Miss.. 96 miles. Extension is building north from Beaumont, 30 miles southeast of Hattiesburg, to Jackson, Tenn., 354
miles; of this, Beaumont to Decatur, Miss., 98 miles, was about
completed In April, 1904, and the balance.from Decatur north to Jackeon, 256 miles, will be leased from the Gulf & Chicago RR. for 99 years
from July 1, 1903. The Gulf & Chicago Is partly completed from Middleton to Pontotoc, 62 miles, and is to be standard-gauged and extended, its bonds being guaranteed, principal and interest. See form
of guaranty, V. 77, p. 36. Stock, $4,000,000; issued Oct. 1, 1903. $1,918,000; par of shares, $100. Both Issues of bonds shown in table
above a»e limited to $20,000 per mile of standard-gauge road. The
1st consols are subject to call at 110. There is also *36,000 of 1st 5s
outstanding, due June 1, 1946, for which an equal amount of 1st
consols Is reserved. V. 77, p. 822; V. 70, p. 687; V. 78, p. 48.
Earnings.— For 9 mos. ending Mar. 31, 1904, gross, $312,159; net,
$134,242.
Report for year ending June 30, 1903, in V. 77, p. 822,
showed, gross, $273,980; net, $103,517; charges, taxes, etc, $97,524;
bal.. sur., $5,993. In 1901-2, gross, $167,229; net, $79,497. President,
W. D. Stratton, 5 Nassau Street; New York; Sec. and Treas., Pierce C.
Gross earnings
Net earnings
)
;
Butler. Directors,
Dec, 1903, V.
78, p.
48.— (V.77, p. 1225; V. 78,p.48.)
lilt.— (Sen Map So. .Ry.;—Owns from Mobile,
Ala., to Columbus, Ky., 472 miles, proprietary line, Kentucky & Tennessee RR. to E. Cairo, 21 miles; branches to Columbus, Miss., &c, 34
miles; Columbus, Miss., to Montgomery, Ala., 167 miles; with Warrior
Branoh, 9 miles, and Blooton Branch, 12 miles; total owned, 715 miles;
8t. Louis & Cairo (leased), Cairo to St. Louis, 152 miles, with branoh to
Mlll8tadt,7 miles; total Included in earnings June 30, 1903,874 miles.
The Mobile & Bay Shore Ry., 38 miles, was taken over as of April 1,
1903; Its operations are included from July 1, 1903. V. 69, p. 856; V.
76, p. 158; V. 77, p. 766. Extension of Warrior Branoh, 15 in., completed Sept., 1903. Nashville & Mlss.Delta RR., V. 75, p. 666.
History, Etc.— Opened in 1861; securities readjusted in 1879Lands June 30, 1903, were 262,051 'acres, valued at $144,386.
In 1903 the Southern Ry. had acquired $7,999,000 of the
$9,472,000 gen. 4a and $5,632,600 of the $6,070,600 stock, issuing,
dollar for dollar, its collateral trust 4 per cent gold bonds In exchange
for the M. & O. gen 4s, secured by a pledge of the latter and also stock
trust certificates for stock, dividends being payable (A. <fe O.) at 2 per
oent for one year, 3 p. c. for the second year and 4 p. o. In perpetuity
thereafter. Road operated Independently. V. 72, p. 241, 483.
DiviDENDS.-Flrst div. (1 p. o.) paid Feb. 28, 1898; on June 24, 1903,
2 p. o. from accumulated surplus. V. 76, p. 1408. As to dividends on
stock trust certificates see paragraph above.
Stock.— Stook authorized, $10,000,000; outstanding, $6,070,600:
par, $100. The voting power on $4,984,200 of the stock is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debentures of 1879.
Bonds.— Under the general mortgage of 1888 there can be no foreclosure till four coupons are in default. Mortgage abstract V 47 p
Interest on $4,000,000 St. Louis & Cairo 4s is
83. V. 60, p. 967.
guaranteed. As to Mont. Div. 1st 5s, see application V. 66, p 1045
Mar., 1904, $1,250,000 equip nent bonds were sold. V. 78, p 139i'
In
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were issuable in exchange for the $6,500,000 St. Louis & Cairo stook See
V. 70, p. 532. In July, 1902, $6,489,000 stock had been exchanged.
Earnings.— 8 mos., ) 1903-4
Gross, $5,248,308; net, $1,753,048
July 1 to Feb. 29. $1902-3
Gross, 4,977,895; net
1706 129
RKFORT.-Report for 1902 03, V. 77, p. 765.
Mobile
&.
Ohio
Si:
See text.
200,000
1903
1,000
1873
1875 500 <fec
1891
1,000
1903
1,000
100
1895 2O0, 1,000
1895 200, 1,000
1903
1,000
1903
1,000
1879 500 <feo.
1883
1,000
1888 500 &c.
1897
1,000
1900
1,000
1886 500<feo.
1899 500 &o.
lnois,
tracks, etc.
A.
A.
14,924,000
3,215,000
2,768,000
200,000
2,342,500
435,000
850,000
900,000
600,000
1,200,000
2,202,000
See text
7,000,000
1,000,000
9,472,000
4,000,000
2,496,000
4,000,000
200,000
388.000
1,000,000
351,829
1.250,000
304,000
2,500.000
3,900,000
'94-'98
Equipment trusts "A" & "B" (V. 71, p. 749), s. f.
Equipment trusts, series A C F
Equipment trusts, series C." due eemi-ann
Joint equipment notes ($19,000 due seml-ann.).
Moh.<6 Jfof.-lstM., $15,000p.m.,g.,gu.p.&l.(en.) Ko*
o*&r.
Consol. mortgage, $10,0i '0,000, gold.ii
Monongahela River RR.— Bonds— Bee B. & O. RR.
Montana RR.— 1st M., g., $2,000,000
Ce.o*
1903 l.OOO&c
•95-'03
i.49
—
i
Jyuitus—tTriluApal, When Due.
Stocks— Last
Dividend.
acifie
o
and application
INTEREST OR DIVIDENDS.
Rate peri When Where Payable, and by
Whom.
Cent.
Payable
Amount
Road. Bonds Value. Outstanding
St.
[Vol. lxxviii.
t*
5
6
7
6
J.
M.
&
&
&
&
J.
N.
Quar'ly.
Q.-M.
J.
&
A.
<fe
A.
&
J.
O.
O.
& J.
& J.
& J.
& J.
& J.
& D.
Q. — Jan.
M. & S.
F. & A.
Q.-F.
J. & J.
M. & N.
J.
5g.
i
g
-
6g.
4g.
5g.
4
g.
5
g-
5-6
5
Apr.
Apr.
July
1,
1,
N.Y.,J.P.M.&Co.,&Lon. Jan. 1, '04, 2%
N. Y.,J. F. Morgan* Co. July 1, 1945
July 1, 1945
do
do
N. Y., Colonial Tr. Co. Jan. 1, 1953
July 1, 1958
do
do
N. Y., Farm. L. & Tr. Co. Dee. 1, 1927
July 1, 1927
do
do
N. Y., Gallatin Nat. Bk. Sept. 1 1938
,
do
do
Feb.
1,
1,
1,
1,
1947
1930
N. Y., Guar. Trust Co. May
1931
N. Y., Farm. L. &Tr. Co. Jan.
1949
1st Nat. Bk., Mobile, Ala May
To 1908
Various. N. Y., Farm. L. & Tr. Co.
1919
do
do
Various,
To 1908
Various.
5
M.
&
4
4
M.
&
&
&
&
g.
8iflg.
M.
5
6
J.
J.
g.
1931
1931
1. 1929
do
do
May 1, 1933
do
do
To Dec, 1912
do
do
Townsend Whelen & Co. To Sept., 1912
N. Y. Mercantile Tr.Co. Apr. 19, 1898
Jan. 1, 1905
do
do
Apr. 1, 1916
do
do
Oct. 1, 1923
N. Y. and St. Louis.
O. N. Y., Mercantile Tr. Oo.
do
do
O.
S.
New
S. N. Y.,
S. N. Y.,
To J*nel5,'12
Knickerb. Tr. Co. Sept. 1, 1991
Gr. Cent. Station Mar. 1, 2002
J.
J.
York.
Sp.,'04-Mr. '11
July
N. Y.. Central Tr. Co.
N.Y.,Metropol'n Tr.Co. Jan.
1,
1.
1980
1910
1902.
1901.
1900.
Tear end'g June 30—
1903.
874
876
Miles operated
874
874
Total gross earnings. $7,486,980 $6,509,488 $6,139,912 $5,996,731
1,663,105
Net earnings
2,020,302
1,807,061
2,275,809
Net, lncl.oth. income. 2,377,939
2,130,667
1,922,012
1,756,273
1.418,645
Interest and rentals. 1.630,663
1,589.107
1.555,310
Bal ance, surplus*.. $747,276
$366,70*2
$337,629
$541,560
* Equipment and new construction (additional to operating expenses) cost $314,990 in 1899-0, $389,416 In 1900-1, $417,510 In 1901-2
and $334,650 in 1902-3; in 1902-3 dividends on stock, $107,412 (2 per
oent) were aleo paid.— (V. 77, p. 765, 2281; V. 78, p. 1275, 1392.)
Mobile Ry. Terminal Co.—V. 75, p. 1203.
(See Map N. T. Central.)— Owns from
&. Malone
Herkimer, N. Y., to Malone with branches, 182 miles in all.
History, Lease, Etc.— In 1893 N. Y. Central leased the road and
guaranteed its first mortgage bonds. New York Central owns the
$5,000,000 stock, on which dividends of 4 per oent yearly are paid.
In 1902 a new lease In perpetuity was made and $10,000,000
3^ per cent consols authorized, of which $2,500,000 reserved
to retire at maturity the first mortgage bonds and $3,600,000
for improvements and enlargements. V. 74, p. 830; V. 56, p. 782.— (V.
74, p. 630, 830, 937.)
" Monon.»»— See Chicago Indianapolis & Louisville Ry.
Monongahela River
Road from Fairmont to Clarksburg,
W. Va., 31 miles. Road opened in 1890. B.&O. owns all of the $1,300,000 stock (par $100), the coal bonds being reduced t© $1,000,000. Car
trust 6s, principal Apr. 1, 1902, $377,000. For year 1901-02, gross,
$526,958; net, $195,660; int., taxes, etc., $40,585. Earnings now Included in B. & O. system.— (V. 70, p. 1 092.)
Montana
Lombard, Mont.,toLewistown, 157 miles, including
Mohawk
RR.—
RR.—
RR.—
extension from Harlowton to Lewlstown, 63 mile*, opened Nov. 1,
1903, and from Summit to Leadboro, 6 miles; total, 163 miles.
Stock authorized, $3,500,000; issued, $2,500,000; par of shares, $100.
Of the $2,000,000 bonds, all outstanding, $999,000 are stamped redeemable at 105 and Int. on 6 months' notice, the remaining $1,001,000
being held June 30, 1901, by the Northern Pacific Ry. as collateral for
$303,670 notes. Year ending June 30, 1903, gross. $156,182; net,
$49,802. President, H. D. Moore. Philadelphia, Pa.; Vice-Pres., Richard A. Harlow, Helena, Mont— (V. 71, p. 1167.)
Monterey &, Mexican Gulf
Purchased in June, 1901, by
the Mexican Central Ry..— (V. 74, p. 937; V. 75, p. 290.)
RR.—
Montgomery
Ry.—
Relt Line
Owns real estate and a belt
line in Montgomery, Ala., about one mile of track on Tallapoosa,
Bell, Perry and Columbus streets. Alabama Midland Ry. pays an
annual rental of $16,000. The Atlantic Coast Line RR. owns 90 per
cent of the stook. Capital stook is $200,000 ; par. $100.
Montgomery &,
F.ric
Ry.— (See Map Erie Railroad.)— Owns Mont-
Leased in 1872 to Erie RR.— which
Rental Is $16,000 per annum. Stock, $150,000. Dividends (4i*
per annum) are paid May 10 and Nov. 10. Sinking fund $6,500
per annum. There are $40,500 2d mort. 5s due Oot. 1, 1927.
Moore Co. Western RR.—See V.74,p. 776.
gomery
to Goshen, N. Y., 10 m.
see.)
p. o.
&
Morgan's Louisiana &. Texas RR. & Steamship Company.
—(See Map of Southern Pacific.)— Road— Owns Algiers to Cheney ville,
205 miles; branches, 95 miles ; trackage to Alexandria, 24 miles; total
railroad lines, 324 miles; steamship lines and ferries, 806 miles.
Organization.—The Southern Paclfio Company owns all of the $15,000,000 stook. Operated independently since Jan. 1, 1902, but in
connection with 8o.
Pac system.
Earnings.—7 mos.,
> 1903-4 ... Gross, $2,990,794; net, $1,160,576
July 1 to Jan. 31.
3,013,301; net, 1,430,«41
\ 1902-3. ...Gross,
In year ending June 30, 1903, gross, $4,903,398; net, including
other income, $2,302,366; surplus over charges, $1,658,376.— (V. 75,
p. 290; V. 76, p. 843.)
Morris
&,
Essex
RR.— (See Map
or
ueiaware Lackawanna
dk
Western.)— Owns from Hoboken, N. J., to PhilUpsburg, N. J.. 85 milee;
branch, Den ville, N. J., via Morris & Essex Tunnel, to Hoboken, N. J.,
85miles; leases 37 miles; total operated, 157 miles.
Lease.— Leased in perpetuity to Delaware Lackawanna <fe West..whioh
assumed all liabilities and pays 7 p. c per annum on the capital stock;
whenever 30 p. o. of gross earnings are sufnoient to cover interest on
bonds and 10 p. c on stock, l p. c additional must be paid.
Bonds.— Of the $35,000,000 1st refunding 3»«8, $23,968,000 were reserved to retire existing bonds, and $11,032,000 were applicable to
additions and improvements. V. 70, p. 480. 477; V. 71, p. 1167. See
form of guaranty, V. 74. p 1308.
Earnings. The road is important to the Delaware Lackawanna A
Western as a route with terminal facilities on New York Harbor, but
the earnings show a deficit after payment of rental (including
$1,050,000 dividends), viz.: In 1902, $595,976; In 1901, $1,415,179.
—
-(V. 74,
p. 1308.)
Morrlwtown A Uric RR.— OwnsMorrlstown, N
J., to Whlppany,
4 miles; branohes, 9 % miles, including branoh from Whlppany to Escompleted January, 1904. A consolidation In
sex Fells, 7 miles,
August, 1903.
Stook, $400,000,
all
outstanding; par of shares, $100.
The bouds (present issue, $250,000) are subject to call for a sinking
fund at any time. President, R. W. MoEwan; Treas., R. B. MoEwaa,
11 Broadway, N. Y.— (V. 77, p. 511.)
.
Apr., 1904.
RAILWAY STOCKS AND BONDS.
I6G0
RAILWAY STOCKS AND BONDS.
16G6
RAILROAD8.
Miles
Date
Size, or
Montgomery A Erie Ry.—\e,% M. (old 7s ext. In '86)
Moore Co. <6 We$t.— 1st mort.. gold $1,000,000. IB
Morgan's La. <£ Texas— lstM.(NOr.toMorg. C.).Fo"
1st mortgage, Alexandria Extension, gold.F
General mortgage. F
Morris <t Essex—Stook, 7 p. o. guar. D. L. A W
1st mortpape
Con. M. (for $25,000,000) guar. D. L. A W. IJa o*<fer
1st ref. mort., g., $35,000,000, gu., p. Aend.F.o*<fer
Speolal real estate bonds
Morris A Essex Extension stock, guar. 4 per oent.
Korriiloion <t Erie—1st M., $300,000, g., sink. fd..
t. Carbon <£ Port Oarbon RR.—Stock (rent'l guar.)
102
157
204
85
120
120
1866 $1,000
1897 100 &o.
1878
1,000
1880
1,000
1893
1,000
50
1864 500 Ac.
1875
1,000
1900
1,000
Var'us
100
2
1903
M
Munising—lBt mortgage, gold
38
28
Muscatine No. A So.— 1st M., $450,000, gold. N
37
Muskego?i Or. Rapids <* Indiana—1st M., gold.Ce.
8-5
Narragansett Pier RR.—ltt mort., $100,000
15
Nashua <£ Lowell— Stook, 9 p.o. rental, 92 yrs.B.&M.
Nashville Chattanooga e6 St. Louis— Stook
340
o*<fer
1st mortgage (for $6,800,000)
125
1st M. on Fayette, and MoM.brs. ($6,000 p.m.)o*<fcr
29
let mortgage on Lebanon Branch
o*
43
1st M. on Jasper Br. ($90,000 are 8s, due '06)Ce.c*
46
1st mortgage on Centrevllle Branch, gold.Ce. c*<fcr
o*&r
20
1st mortgage on Tracy City Branch
Duck R. RR., 2d mortgage, now 1st mortgage, g.
48
ConsoL M. ($20,000,000). $20,000 p.m.. gold. Us.o" 803
119
Nashville dt Decatur—Stock, gu. 7^ p. 0. by L. & N.
Nashville Florence <f Sheffield— See Louisville & Nash
—
Nashv. Term' l— 1st M., a.. Int. rent., red.l01,beg.'07
National RR. of Mexico—
Prior lien M., $23,000,000, g., call at 105.TJn.o*. 1,405
First ConsoL M., $60,000,000, e. (see text) Oe.c* 1,405
1,000
50
1900
1,000
1898 300 Ac.
1886
1,000
1896
1,000
100
100
1873
1,000
1877
1,000
1877
1,000
•77-'83
1883
1887
1881
1888
• * m
1,000
1,000
1,000
1,000
—
below)
1,577
Ondrr eonstruet'n (stan.dgau.)
Monterey to San MigueL
148
San Juan to Salamanca
28
Being changed to standard gauge.
Also controls by ownership of a majority of stock the Mexican International RR., extending from connection with the Southern Pacific
at Ea«le Pass, Tex., to Durango, Mex.. and to the National RR. of
Mexico at Monterey, with branches, 880 miles in all. Interoooanio Ry.
of Mexico (controlled— see below), 580 niiles. Grand total svetoni
to be bout S.200 miles.
The standard-gauging of the main lino from Laredo to Gonzales and
the const ruction of the El Salto cut-off were completed during October,
1903, and standard-Range train service inaugurated between Corpus
Christ! and City of Mexico on Nov. 8, 1903.
;i
282,350
12
160,000
4 g.
398,000
5 g750,000
5g.
70,000
4
800,000
9
10,000,000 See text.
6,300,000
7
750,000
6
300,000
6
461,000 6g. A 8
376,000
6g.
327,000
6
22,000
6 g.
7,566,000
5 g.
K.
A
A
&
&
A
&
&
&
A
&
N.
A.
J.
J.
A
&
&
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
O.
F.
M.
F.
J.
J.
J.
J.
J.
J.
M.
A.
Bonds—±*rinclby
pal.When Due.
Stocks— Last
Dividend, %.
May
Goshen. N. Y.
1,
1926
Inter.TruBtCo., Boston. Mch. 1, 1917
O. N.Y.,S.P.Co.,120 B'way Apr. 1, 1918
S.
do
J.
do
J.
J. N. Y., Del.
N.
D.
D.
M.
N.
M. A S.
J.&J.15
A.
,
all (see
g.
J.
Louis Ry.— (See Map.)—Owns
Total of
5
4
RR.—
992
4
4*2 g.
Net.
Interest.etc. BaL.sur.
$1,810,584 $1,197,452 $813,132
1,816,747 1,206,819
609,928
Annual Report.—Report for 1902-03 In V 77, p. 766, 949, Includ
lnK Paducah A Memphis division, 254 miles, in three later years
Tear ends June 30.
1903.
1902.
1901.
1900.
Mileage end of year...
1,195
1,195
1,195
935
Gross earnings
$9,606,370 $7,992,530 $7,620,128 $6,487,318
Net earnings
2,610,766
2,370,416
2,509,002
2,246,734
Investments, etc
22,0 65
18,130
22,253
26,178
Net income
$2,632,831 $2,388,546 $2,531,255 $2^272,912
Int. on debtand tax.. .$1,183,473 $1,156,768 $1,231,484 $1,262,005
Rentals
625.878
625,878
625,877
422,268
Miscellaneous
81,189
54,5 14
42,731
_ 26,000
Balance
sur.$797,480 sr. $524,711 r.$619,380 sr.$525,908
-(V. 77, p. 296, 766, 949, 2390; V. 78, p. 103, 229.)
Nashville
Decatur
(See Map Louisville a Nashville.)—
Owns from Nashville, Tenn., to Decatur, Ala., 119 miles. Re-leased to
Louisville A Nashville In 1900 for 999 years, the rental being 7*e per
oent on stock. The L. A N. July 1, 1903, owned $1,971,600 of the
Btock.— (V. 68, p. 928; V. 69, p. 1012; V. 70, p. 1195.)
Nailivtlle Terminal BR.—Under construction, Inoluding bridge
across the Cumberland River and 18 miles of track. Leased for 99
years from May 1, 1902, to Tennessee Cent'l RR. (V. 74, p. 577, 830.)
National RR. of Mexico.— (See Map.)— Operates a road extending from Corpus Christi.Tex on Gulf of Mexico, to City of Mexico, with branoh to Uruapan, and various other branches, as follows:
Standard GauGe— Owned Miles
Narrow Gauge— Owntd. Miles
Laredo to City of Mexloo
802 Colonia to Tacuba (3-rall track) 3
Colonia to Taouba(3 rail traok) 3 Acambaroto Gonzales
55
Clntura line (3 rail track)
3 'Klncon to Pozos
37
Salamanca to Jaral
22 *Vanej?a8 to Matehuala
37
(J011 rolled— Secur. owned.
*Matamoros to San Miguel
75
Texsis Mexican Ry., Corpus
Leased
Chrlstl to Laredo, Tex., and
Mlohoaean A Pacific Ry.,Mabranoh
162
ravatlo to Zitaouaro
57
Narrow Gauge— Owned.
g.
41a
20,000,000
22.000,000
1901 500 &c.
lv>01 500 Ac.
Gross.
City of Mexico to Uruapan.... 321
3^
M.
J.
J.
J.
$6,764,482
6,211,713
Total standard gauge
7
7
7
lig.
from Chattanooga, Tenn., to Hickman, Kyi, 320 miles; brandies to
Lebanon, Ac, 485 miles; leases Western A Atlantic, Chattanooga,
Tenn.. to Atlanta, Ga.. 137 miles, and Memphis A Paducah Divison of
the Louis. & Nash., 255 miles. See V. 71, p. 544, 664, 864. Total operated July 1, 1903, 1,195 miles.
Organization.—A majority of the stock ($7,177,600) is owned by the
Louisville A Nashville, of which $5,501,500 is pledged under its unified
mortgage, etc., so that the two systems are operated in olose harmony.
West'n A Atlantic is leased from State of Georgia till Deo. 27, 1919, at
$420,012 per annum.
Dividends ) 1888 1889 to 1892 1893 '94 '95 '98 '99 to '03 1904
since 1887... s 4^4
5 yearly
3% 3^ 4 y'rlv None Feb., 2
In Feb., 1904, semi-annual dividends at 4 p. c, will be resumed.
Bonds.—The Tracy City branoh 6s fall due $20,000 yearly on Jan. 1
to 1916 inclusive, and $100,000 on Jan. 1, 1917.
Consolidated mort. of 1888 provides that all prior bonds shall be paid
on at maturity; sufficient of the $20,000 p. m. are reserved for them.
Jointly with Louisville A Nashville guarantees $2,500,000 L. A N.
Terminal Co. bonds. See L. A N. V. 75, p. 1354. Guaranty of $100,000 Aetna Iron, Mfg., Mining & Oil 6s, V. 77, p. 2390.
Latest Earnings.—July 1 to Feb. 29 (8 months):
1
5
1,000,000
authorized, $350,000; par, $100; issued, $1,000. Coupon of Jan., 1903,
paid In Feb., 1904. Earnings for year ending Deo. 31, 1903, gross,
$1 61,633; net, $43,023; interest on bonds, etc., $37,500.— (V. 77, p. 89,
1747; V. 78, p. 820.)
&
J.
J.
J.
1,000
;
8 mos.
A.
6g.
J.
&
1903 4
1902 3
7
7*
&. South RR.— See page 1747.
THiiMkejron Grand Rapids
Indiana RR.— Owns road,
Grand Rapids to Muskegon, Mich., 37 miles trackage, G. R. A Ind. at
Grand Rapids, 3 miles. Operated by Grand Rapids A Indiana RR.,
which was foreclosed in 1896; consideration, net earnings. Stook,
St.
5,000,000
1,494,000
1,000,000
15,000,000
5,000,000
11,677,000
10,000,000
1,800,000
221,000
250,000
g.
3,567,382
Muscatine North
&
5
5
25
RIonnt Carbon & Port Carbon Kit.—Owns Mt. Carbon to Port
Carbon. Pa., 3 miles; second track, 2*2 miles; total track 16 miles.
Leased March 5, 1860, for 50 years to Phila. A Reading RR. and lease
assumed in 1896 by Phlla. A Reading Railway. Rental $36,250 yearly
Nashville Cnattanooga
M.
M.
$130,000
438,000
VILLE.
1902
[Vol. lxxviii.
INTEREST OR DrVTDEND8.
Rate per When Wbere Payable, and
Whom.
Payable
Cent.
Amount
Par
of
of
For explanation of column headings, Ac, Bee notes
Road. Bonds Value.
on first page of tables.
*
:
:
.
July 1, 1920
July 1, 1913
Lack. A West. Jan. 1,'04, 3>t
do
do
May 1, 1914
do
do
June 1, 1915
do
do
Deo. 1, 2000
1912
do
do
May, 1904, 2%
do
do
Brooklyn Tr. Co., N. Y. Sept. 1, 1923
Phlla., Read'g Term'l. Jan. 15,'04,6*>
Am. Trust Co., Clevel'd Oct. 1, 1925
do
do
A
Tr. Co.
J. N.Y.,N.Y. Sec.
J. Jan.,'03, pd.Feb., 1904.
R.I.Hosp.Tr. Co., Ptot.
A.
Jan. 1, 1929
1, 1926
1, 1916
Nashua, Indian Hd. Bk. May, 1904, 4 J*
N.
A.
N. Y. and Nashville. Feb., '04, 2%
Nat. Bk. July 1, 1913
do
Jan. 1, 1917
do
Jan. 1, 1917
do
Jan.,1906A'23
J. N.Y.. Hanover
do
J.
do
J.
do
J.
do
J.
do
J.
do
do
N.
O.
J.
do
do
do
do
Jan. 1, 1923
Jan.l905to'17
Nov. 1, 1909
Apr. 1, 1928
Jan., 1904, 3\
Nashville.
J.
J.
July
Aug.
Merc. Tr. Co.,
St.
N. Y., Speyer
O.
do
A
Co.
do
Jan.
1,
1922
Oct.
Oct.
Louis.
1,
1,
1926
1951
Organization.— Incorporated in Utah on Feb. 24, 1902. as successor
without foreclosure of Mexican Nat.RR., per plan in V. 73» p. 784.
Mexican Government, Etc.—In June, 1903, the Mexican Government purchased for $9,000,000 about 47 per cent of the entire outstanding stock. See V. 76, p. 1301; V. 77. p. 45l.Nearly all of the $33.350,000 oommon stock consented to the conversion of that stook
Into new 5 p. o. non-cum. "second preferred" and "deferred" Btock, to
be lssu a> d at the rate of two shares of second preferred and one share of
deferred for every three shares of common stock, per plan V. 76, p.
1192. The Government holds $10,000,000 first preferred, $9,343,900
second pref. and $10,628,800 deferred stook. V. 77, p. 1225, 2159
The National Company acquired the £1,038,000 Interoceanlo
Ry. of Mexioo seoond debenture stock, the latter, with preference and
common
shares owned and since acquired, giving practical control.
thus securing for the National a line from Mexico to Vera Cruz and an
outlet to the Gulf of Mexloo. (See " General Finances " bel w .)
The Government also consented to the consolidation oof the National, Mexican International and Interoceanlo Rys., and grant an exclusive concession for 20 years from Ootober 31, 1903, to construct a
road In a zone 50 kilometers wide with the Rio Grande River as the
northern boundary, and extending from the Gulf of Mexioo to a point
100 kilometers northwest of Ciudad Porflrlo Diaz. (V. 77, p. 2159.)
Stock.— Common stock was $33,350,000, and pref. (now 1st pref.), 4
p. o. non-cum., $32,000,000, all outstanding. In Oot., 1903, the oommon stook
mostly exohanged for new 2d pref. stook (total issue to
be $22,233,333) and deferred stock (total issue to be $11,116,666). See
above. Outstanding, 1st pref., $30,063. t>00; 2d pref., $21,846,400;
deferred, $10,923,200; common. $796,400; par of shares, $100 each.
The first preferred has a prior right to 4 p. c, then second preferred ft
p. c; then 2d pref. and deferred share pro rata.
Bonds.—The new bonds are reserved as follows
Reserved.
Prior lien bonds. Total issue [except to refund, $ for $,
Mexican International RR. prior lien bonds, now
$5,850,000] not to exceed $23,000,000,of which are
reserved for general purposes
$3,000,000
First consolidated mortgage i percent gold bonds. Total
Issue [except to refund, $ for $, Mexican International RR. 1st consols, now $7,503,000] not to exceed
$60,000,000, of which there are reserved
Reserved to retire new prior lien bonds wnen due
23,000,000
Reserved for improvements and new equipment, at
not exceeding $500,000 a year
6,000,000
Reserved for acquisitions of new property and for extensions at not exceeding $10,000 per mile of standard-gauge line, or $7,500 per mile of narrow-gauge
line, on which the consol. mortgage will be a first lien
9,000,000
The new issues of bonds are secured by a first and seoond
on all the property of the Company now
lien, respectively,
owned or provided for under the readjustment and the El Salto extension when constructed, and also upon the securities of the Texas Mexican Ry., and the consol mortgage has also a first lien on $15,786,100
of the $20,708,200 capital stock and all of the $4,499,000 incomes
of Mexioan International. Of the $22,000,000 consols issued, $756,500 were on Jan, 1, 1904, In |the treasury, or pledged for gold notes of
1903.
Of the Mexioan International consol. 4s, $5,613,000 are guaranteed,
principal and interest. See that company's statement; also v. 75, p. 77.
General Finances.— In 1903, $8,300,000 two-year 5 p. o. notes
(authorized Issue, 610,000,000), were sold to pay for control of Interoceanic Ry., dated Oct. 1, 1903. They are subject to call at par on
60 days notice; denominations, $1,000 and $5,000 each. They are
seoured by deposit of £1,038,400 Interoceanlo Ry. of Mexloo second
debenture stk., £1,251,830 ordinary and £102,000 seven p. o. cum. pf.
Btock, $3,000,000 Mexican International 1st consol (stamped guaran-
wm
and $747,500 Nat. RR. of Mexioo 1st consols. The remaining
$1,500,000 notes may be issued on deposit of additional seourlty.
Earnings.— 2 months, > 1904
Gross, $1,903,706; net,$544,lll
Jan. 1 to Feb. 29. $ 1903
Gross, 1,632,789; net, 482,447
Above figures are in Mexican currency. See also V. 77, p. 1225.
Annual Report.— Fiscal year ends Deo. 31. Report for 1903,;with
the oal. sheet, etc, was given in V. 78, p. 1442, 1450. Gross and
net earnings below are given in Mexican currency, the income account In JT. S. currency. For earnings of the Mexioan Diternational
(operated separately) see statement of that company.
EARNINGS— (U. B. CURRENCY EXCEPT GROSS EARNINGS.)
Tear ending Dec. 31—
1903.
1902
1901.
Average miles operated
1,452
1,349
1,323
Gross earnings (Mexican ourrenoy)$ll,344,019 $9,262,860 $7,724,526
Net earnings (Mexican ciurenoy)... 3,709,430 3,214,176 2,923,193
Net earns. (United States currency) 1,563,086 1,329,429 1,410,198
teed)
INCOME ACCOUNT— (UNITED STATES CURRENCY.)
1W03.
1802.
.$l.b«3, OHO $1,329,429
Not eirnlnss.
«!».R58
Int.,rilsc.l,&excli..
335,189
Int. on bonds, etc.
888,587
Gain on Mexican
money
assets....
Deduct—
Taxes and rentals.
Interest on bonds.
Loss on Mexican
money
156.90S
assets
$2,077,678 $1,728,663
1902.
818,481
1,667,299
119,987
Trans MexlcanRy.
net earnings
Total
Surplus for year
1903.
$28,824
1,867,801
Total
72,262
$1,968,947 81.695,707
8108,781
832.946
RAILWAY STOCKS AND BONDS.
Apk., 1904.]
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MAP OF THE
NATIONAL R. R. of MEXICO
MEXICAN INTERNATIONAL R. R.
AND
i
—
-msJ
\
4
~
JjChilpancingo
--j
(
c
Culcatla
?
Jf
•.
O
INTEROCEANIC RY. or MEXICO
(NATIONAL RAILROAD OF MEXICO
EMHMEXICAN INTERNATIONAL R. R.
am PROJECTED LINES
"\..
L-_<9
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<"
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,
RAILWAY STOCKS AND BONDS.
(;;.
RAILROADS.
Miles
Date
Size, or
Amount
of
Par
of
For explanation of column headings, &c, see notes
Road. Bonds Value.
on first page of tables.
18
144
94
22i«
Nevada Oo. Narrow Gauge— 1st mortgage
59
Newburg Dutchess dt Connecticut —Col. trust bds.Ce
59
r
Income mortgage for $1,625.000
New England RR.—JH. Y.& N. E. 1st M., cur.H K.C 321
Do
do
1st mort., cur..o*
1st oons.M., $17,500,000, g.,gn.,p.& 1.. end.Ma.o*
N.Y.&N.E. Bos.Term.lstM. ,$1,500,000. B.o&r
A
321
359
50
1899
1,000
1888
1,000
1896
1,000
1891 500 Ac
1877
1,000
1876
1,000
1876
1,000
1895
1,000
1889
1,000
Coal— let
&
col. tr. M., g.Col
oon.
Collat. trust, gold ($3,000,000) red. at 105.1V
Alam. <fe Sao. Mt. 1st M., $900,000, g., guar...N
El Paso Rock L, 1st M., $2,500,000,g., gu.Col.0*
Dawson Ry. Coal, Coll. tr., g., gu. p. A i.Col.o*
Sew Orleans <6 North Eastern— Stock, $6,000,000...
..c*
Prior lien M.,g. Ce
N. Mex. Ry.
dt
A
<fe
&
.
1st mortgage, gold.F
General mortgage, $8,000,000, gold.F
o*
o*
Inoome mort. (non-cum.), $1,500,000, gold.N...r
Sew Orl. Term.— 1st M., $15,000,000, g.,gu.S o*«fcr
165
36
128
133
196
196
196
196
196
1901
1897
1898
1901
1901
6. Raoul, ail of Hew York; L. F. Loree, Baltimore, Md.: Ernesto Madera
Monterey; Gulllermo de Landa y Escandon, Jose de Landa y Escandon, Emilio
Velasco. B. N. Brown and Miguel de Iturbe. all of City of Mexico
Officers.— Pres., E. N. Brown; 1st Vice-Pies., J. G. Metcalfe; 2nd
Vice-Pres., James Stnart MacKie; Treasurer, J M. Frazer; Sec and
Asst. Treas., Arthur H. MacKie. N. Y. office, 30 Pine St.— (V. 78, p.
288, 769, 1442, 1447, 1450.)
RR.— Owns from Nesquehoning Junction,
toTamenend,Pa.,17miles; Tunnel Branch to Lansford.Pa., lmile.
Leased for 999 years to the Lehigh Coal & Navigation Co., which has
the right to retire the stock at par and interest on Sept. 1, 1904
see
item "Delaware Division Canal" In V. 66, p. 1139.
Nesquelioni ng Valley
Pa.,
I
;
Nevada-Callfornla-OregonRy.— Reno, Nev., to Madeline, Cal.,
144 miles; extension proposed to Lake View, Ore., 95 miles. The Sierra
Valleys RR., Plumas to Clairville, Cal., is operated independently.
V. 74, p. 776. Stock, common, $1,450,000; preferred, $750,000, all
outstanding. During 1901-2 6 p. o. bonds were all exchanged for 5s.
Earnings— 8 months, > 1903 4
Gross, $130,002; net, $52,230
July 1 to Feb. 29.
.,.Gross, 130,085; net, 57,981
< 1902-3
Surplus over charges, $34,755 in 1903-4, against *42,283 in 1902 3
Report for year 1902-3 was in V. 77, p. 2157, showing, gross, $196,297; net, $91,248; int., taxes, etc., $37,855; balance, sur., $53,393.
Pres., D. C. Moran, 68 Wm. St., N.Y.— (V. 76, p. 262; V. 77, p. 21 ST.)
Nevada Central
Battle Mtn., Nev., to Austin, Nev., 94
miles, narrow gauge. Stock, $750,000. Earnings for 1902-03, gross,
$40,076; net, $13,962; no interest paid by railroad. Pres., J. G. Phelps
Stokes. -(V. 74, p. 379.)
.
RR.—
RR
—Colfax to Nevada City,
Stook, $250,200; par of shares, $100 each. Dividend
of 5 p. c. (fourth since organization) was paid Dec, 1903; in Mar.,
1904, 5 p. c. Bonds: $234,000 flrat 7s, payable in annual instalments increasing from *4,000 in 1902 to $20,000 in 1924. Year
1903, gross, $129,086; net, $50,242; interest, $16,430; impt's., bonds
redeemed, etc. $7,467; dividends (5 p. c), $12,510; bal., surplus,
$13,735. President, Mrs. S. A. Kidder, Grass Valley, Cal. (V. 77, p.
2339,2390.)
Newark Somerset A Straits.— Sold to B. & O. See V. 70, p. 792Coal A Railway.— See page 1747.
Newburg Dutchess A Connecticut RR.—Owns from Dutchess
New Brn iiswick
Junotion, N7Y., to Millerton, N. Y. 59 miles. A reorganization in 1877.
Stock, Etc.—Common, $500,000; pref., $600,000; par $50. There
were June 30, 1903, $'^26,000 coll. trust 5s; $1,164,500 income 6s and
$25,000 of 5 p. o. real estate M. notes. In year ending June 30, 1903,
gross. $181,916; net, $47,618; other income, $569; interest, taxes,
etc., $19,516; bal., surplus, $28,671.— (V. 65, p. 568.)
England
N. Y.New Haven & Hart., leased the road,
which includes: Lines owned. Boston to Hopewell Junction, N. Y., 21
miles, and branches to Springfield, Mass.. Providence, R I., etc., 144
miles. Lines leased (see eaoh company), Norwich <fe Worcester RR., 72
miles; Providence & Springfield RR., 28 m.; Woonsocket & Pasooag
RR., 9 m.; other lines, 38 miles; trackage, 29 miles; total, 535 miles.
Through N &. W. RR. controls Norwich A New York steamers. J 25 m.
History.— A reorganization of the New York & New England (sold
in foreclosure July 9, 1895) per plan V. 58, p. 762. In June, 1902,
there had been exchanged or was held by the lessee all except $53,500
of the $20,000,000 common and $74,200 of the $5,000,000 pref. etook.
Preferred stock not exohanged receives dividends of 3 per cent per
annum under 99-year lease.— V. 66, p. 384, 617, 10O2; V. 69, p. 1012.
Bonds.— See guaranty of consols by N. Y. New Haven A Hartford
RR. V. 64, p. 611; $10,000,000 reserved to retire Ists.— (V. 77,p. 1226.)
Jersey Junction
Terminal road through Jersey City,
Hoboken «uu Weehawken, about 5 miles. Leased for 100 years from
June 30, l»8o, to New York Central which guarantees the bonds absolutely and owns $100,000 stock. Connects with National Dooks Ry.
Jersey
York
Owns from Erie Junotion, N. J.,
to Garnerville. N. Y., 29 miles branches to New City, etc, 5 miles operates to Haverstraw, etc, 14 miles; total operated, 48 miles. Erie RR.
in April, 1896, purchased control.
Stock, $1,440,800 oommon; $787.800 preferred par, $100. Control is with preferred stock and first
mortgage till 6 per cent has been paid on preferred for three years.
A R N IN G8_Year enrtin K J»ne 30, 1903, gross, $367,164; net,
-J? „ . „
$51,858; Interest, etc, $54,012; bal., def., $2,154.-(V. 65, p. 822.)
Jersey Terminal Ry.—V. 76, r>. 865, 1144.
London Northern
Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, and leases Brattleboro A Whitehall RR..
Brattleboro to South Londonderry, Vt., 37 miles.
Leased for 99 years from Deo. 1. 1891, to Central Vermont. The
rental is $213,552 per annum, which leaves a small surplus after providing for inter., etc., and 9 percent dividends. Taxes and improvements met by lessee, without claim on New London Northern As to
suit to break Brattleboro & Whitehall RR. lease, see V. 76, p. 1301.
Dividend8.-1888 to Apr.. 1892, 7% yearly, then 8% yearly to 1893.
and since to Apr., 1904 (incl.), 2H p. c quar. (9 p. an.)— V. 76, p. 1301.
IttexUo Ry. A; Coal.— {See Map).—Owns El Paso A Northeastern Ry., from El Paso, Texas, northeast 164 miles, to the Salado
,
New
RR.—
New
RR.—
New
A New
RR.—
:
;
;
,
New
New
New
RR.—
4&5
1,000
1,000
Directors.— Cleveland H. Dodge, E. C. Henderson. Adrian H. Iielin Jr..
Juan N. Navarro, J. N. Wallace, Geo. W. Wickersnam, Charles H. Tweed. Wm.
Nevada County NarrowGante
230,000
100
1885
1,000
1881
1,000
1902
1,000
1902
1,000
1903 1.000&0
—
g.
2,270,000
See text.
5
g.
Whom.
Payable
A.
&
&
8.
Dividend.
O.
M.
M.
5
1,500,000
1,500,000
1,792,000
g
3,000,000
i g322,000
5 g.
2,600,000
5 g3,000,000
5 g6,000,000 3 In 1903
1,320,000
6 g.
100,000
6g.
5,260,000
4^ g.
1.500,000
Up to
3,000,000
4 g.
1,000
1,000
1,000
1,000
Newport <£ Oincin. Bridge.— See Louisville A Na 8HVIL LE.
102 1902
Newt'nttNorthw.— lstM.,$2,500,000 g.,red.textt»H
102 1903
Funding mort., $300,000, redeemable at par
Cal., 22i« miles.
Cent.
1,418,600
526,000
750,000
230,000
226,000
1,164,500
6,000,000
4,000,000
5,000,000
1,500.000
FORD.
1,700,000
New Haven <ft Northampton— See New York N EW H AVEN & Hart
Mew Jersey Junction— 1st. M., guar., $4,000,OOO.o<Sr
5 1886
1,000
New Jersey <£ New York—See Erie RR. Co.
1,000
7 1901
New Jersey lerminalr— 1st mort., $250,000. Col....
121
100
New London Northern— Stock
o*
121 1880
1,000
Consolidated M., now 1st M. ($688,000 are 4s).
Vol. lxxviii.
Bonds— .frinoiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where Payable, and by Stocks— Last
1903 l.OOO&o $8,500,000
NaLof Hex.— (Oon.)— Col.notes, $lO,000,000,g.red.
Naugatuck— See N. Y. New Haven A Hartford.
Nesqxiehoning Vol.— 8took subl. to call Sep. 1, 1904
Nevada-Calif. -Oregon.— 1st M. $1,500,000, gold.
Nevada Central,—1st M.,g.,non oum.. lno. (s. f.).Ce
Outstanding
f
A N.
J. A J.
J. & J.
M. A N.
& J.
A J.
& J.
& O.
F. A A.
A. A O.
Q.—J.
J. A J.
A O.
& O.
A O.
& J.
Oct.
1,
1905
Phila., 108 So. 4th St. Mar., '04,21*%
May 1, 1919
N. Y„ Moran Bros.
See text.
July 2, 1938
Wells, F.
Co^ 8. Fran
To 1924
S. Y., Central Trust Co. May 1, 1921
None ever paid.
June 1, 1977
&
Boston,
do
S.
Dep.& Tr.Co. Jan.
do
Jan
do
July
Apr.
N. Y. Cent.
A Hud.
Rlv.
N. Y., Colonial Tr. Co.
New London,
Offloe.
1905
1905
1945
1939
Feb.
do
Coup.,offloe;reg.,matled
1,
1,
1,
1,
1,
1986
Oct. 1, 1931
Apr., 1904,214
N. Y., Bk. of No. Amer.
N. Y., Colonial Tr. Co.
N. Y.,N. Y. 8eo.A Trust.
July
1,
1910
1, 1951
1, 1947
do
do
Apr. 1, 1928
Colonial Tr. Co. Jan. 1, 1951
N. Y.,
do
do
July 1. 1951
J
Orleans, La.
Yearly.
Nov. 2, '03,
N. Y., Central Trust Co. Nov. 1, 191t>
A.
O.
J. N. Y., Muller, Schall&Co.
Jan., 1911
J.
Tr Co. Jan. 1, 1952
J.
J. N. Y. Farm. L.
0. g. (if earned) on Deo. 1. July 1, 1952
4^3 p.
York.
July 1, 1953
J.
J.
A
&
&
A
A
A
A
Oct.
Oct.
New
3%
&
,
.
New
O. Old Col. Tr. Co., Boston.
Oot. 1, 1932
D.
Deo.
1,
1913
&
Coal fields; controls and operates El Paso
Rock Island Ry., Carrizosa
to Santa Rosa, 128 miles, opened 1902; Alamogordo A Sacramento
Mt. Ry., Alamogordo, N. M., to Russia, 32 m.; Dawson Ry. A.Ccal Co.,
Liberty. N. M., to Dawson, 133 miles, opened in 1903; total, 561 m.
In Feb., 1902, the El Paso & Rook Island Ry., with $2,500,000 stock,
Coal, and $2,500,000 5
of which 60 per cent owned by the N. M. Ry.
per cent guaranteed 50-year bonds, has close traffic agreement with
Chic Rock Island & Pac for 9»9 years. V. 71, p. 1219.
&
The Dawson Railway & Coal Company, stock $3,000,000, has issued
$3,000,000 collateral trust bonds which are guaranteed, prinoipal and
Interest, and are seoured by the stock and bonds ($3,000,000 eaoh)
of the Dawson Ry. and those of the Dawson Fuel Co. ($1,000,000 eaoh)
the latter owning about 25,000 acres of coal, mineral and timber lands,
V. 73, p. 900; V. 74, p. 776.
Stock.— Stock, oommon, $3,000,000, all outstanding; 1st 6 p. o.
oum. pref., $2,000,000, authorized Jan., 1903, of which $500,000 is
sued; 2d pref., 5 p. c non-cum., $1,000,000.
The coll. trust 5s of 1897 are seoured by deposit of all the stock and
bonds of El Paso & Northeastern Ry of New Mex. ($2,700,000 of eaoh)
the stook of the El Paso A N. E. RR. of Texas, $300,000 (no bonds issued), and all the stook ($2,500,000) and all the bonds ($1,500,000) of
the New Mexico Fuel Co. the latter covering 3,500 acres of coal lands.
Of the first and consolidated and collateral trust 5s of 1901, $3,000.000 are reserved to retire the oollateral trust 5s of 1897 and $2,000,000
are applicable for improvements and new equipment. V. 74, p. 776.
The bonds of the Alamogordo & Sacramento M't'n Ry., of the El
Paso A Rock Island and those of the Dawson Ry. & Coal Oo. are
guaranteed. See above. For 18 moi. ending Deo. 31, 1902, gross,
1,098,644; net, $416,659; interest, $249,150; taxes, $5,300; bal., sur.,
t 162,209. Report for year ending June 30, 1901, in V. 74, p. 827.
N. Y. office, 68 William St.— (V. 76, p. 158.)
New Orleans, La., to
North Eastern
New Orleans
Meridian, Miss., 196 miles. Stook, $6,000,000 (par, $100), of which
$5,320,000 and $4,900,000 ge». 4*«s and $1,500,000 incomes were held
in June, 1903, by Ala. New Orleans Texas A Pac Juno. Ry.
Reorganized in 1902 per plan In V. 74, p. 681. Dividend on stock, 3
p. c, paid Nov. 2, 1903. V. 77, p. 2281. Of the gen. 4V-, $4,900,000
were issued in exohange for 1st 6s, $1,420,000 are reserved to retire
the remaining prior lien bonds and $1,320,000 for future requirements. Car trus's Junf 30. 1903, $45,237.
Earnings.— For 9 months ending Mar 31, 1904, gross, $1,874,426,
against $1,713,641 in 1902-3. Report for 1902-03, V. 77, p. 2095.
Tr. end. June 30.
Cross.
Net.
Other inc. Int., etc.
Balance.
1902-03
$253,809
$2,285,036 $627,472 $11,461 $385,124
1901-02
2,030,262
532,035
3,460
342,450
193,045
(V. 74. p. 268, 681; V. 75, p. 185, 290, 904; V. 77, p. 2095, 2281.)
.
A
RR.—
—
New
Orleans
& Northwestern RR.—Owns
from Vidalia, La.,
northwesterly to Arkansas State line, 115 miles. Stock, $1,499,100,
all aoquired by Iron Mtn. (Mo. Pac system). V. 75, p. 1400.
«»r leans Terminal Co.— Owns extensive terminal property
at New Orleans and a belt railroad around the city, leasea to the
St. Louis & San Francisco and Southern Ry. for 99 years from July 1,
1903, rental covering all expenses of operations, maintenance and
charges. Formerly the New Orleans & San Francisco, imt name
changed, the company acquiring all the terminals and rights owned
by Southern Railway and St. Louis A San Francisco Interests in New
Orleans and the property of the New Orleans Belt & Terminal Co.
Stook, $5,000,000; outstanding, $2,000,000; par of shares '$100. The
bonds, $3,000,000, first issue (see table above) are guaranteed jointly
by the St. Louis & San Francisco and Southern Ry. See V. 78, p. 343,
1447.— (V. 78, p. 49, 103,343, 1447.)
Cincinnati Bridge Co.— Owns bridge from NewNewport
port, Ky., to Cincinnati, O. The Louisville & Nashville In Mar., 1904,
aoquired $1,340,000 stock, the *1 60,000 minority stock being offered
par in cash or in L. <te N. untflei 4 p o. bonds. The bonds, guaranteed
Drtn. and int. by the Penn. RR., were assumed by the L. & N. V. 78, p.
1168. Dividends Oot., 1899, Ha p. c; 1900 to 1903, both incl., 3 p. o.
V. 78, p. 1275.
eaoh; 1904. Apr.. 3»« p. c
Earnings.— For year 1903 gross, $176,225 net. $138,309 interest,
etc, $63,000; dividends, $45,000; bal., sur., $30,309— (V. 78, p. 1168.)
New
A
;
;
Newton & Northwestern RR.—Owns Newton
to Rockwell
Completed early in 1904.
Stook, $2,500,000, of which $500,000 is 6 p. c non cumulative pref.;
all outstanding. First mortgage bonds are subjeot to call on any inBoth mortgages cover road and 3,218
terest day at 110 and Interest.
acres bituminous coal lands total output of latter to be 1,500 tons
President, Hamilton Browne, Fraser, la,;
daily. V. 78, p. 49, 703.
Secretary, William A. KeUey.-(V. 78, p. 49, 1275.)
New York Brooklyn A Manhattan Reach Ry.— Owns from
Fresh Pond Junotion to Manhattan Beach (Coney Island), and branches
to Bay Ridge and Greenpoint, 20 miles, of whioh 16 miles double track.
Lease, Etc.— A consolidation August 27, 1885. Leased for 99 years
from May 1, 1882, to the Long Island RR. Co. at 35 per cent of gross
earnings, but not less than 5 p c on pref. stook. Com. stook Is $350,000.
Bonds.—The L. I. RR. has attached to the bonds its unconditional
guaranty of prln. and Int. in addition to faots'as to lease.— (V. 73, p. 32.)
City, la.,
102 miles.
;
New York A Canada RR.— Whitehall,
N. Y., to Rouse's Point,
branches, 38 miles. Stock, $4,000,000, par $100.
Lease. Etc.— Leased for long term by The Delaware & Hudson Co.;
whioh guarantees the bonds, and has $3,768,642 Invested in the property. See debenture guaranty, V. 64, p. 181.
N. Y., 113 miles
;
A
'
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
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COAL COMPANY.
PKOPERTIES.
<
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NORTHEASTERN
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EL PASO & ROCK ISLAND RY
<s>
COAL LANDS SHADED
J
-
.
.
RAILWAY STOCKS AND BONDS.
1670
RAILROADS.
Miles
For explanation of column headings, Ac., Bee notes of
on
If.
Y. B'klyn
1st oon. M.
first
Man. Beach,— Pref. stock, non-oum..
(now 1st M.) gold, guar, oy L. I.Ce.o*
20
20
<t
151
I
•
819
.
I
—
523
523
523
505
53
145
145
136
M
—
T
'
*
'do
Br
-Gen ^- (now W
a As reported
July. 1903:
Gross.
\
214
214
214
214
38
38
$2,500,000, g.c-
the
Date
Size, or
of
Par
If
1891
1891
1.000
1,000
amount out standi ng wh en
Net.
Other
See this co.
Charges.
Baiane*
..
3
5 Michigan Central
TT1.653
624 N. Y. Chic. & St. Louis RR..1T 523
182 Lake Erie & Western
725
IT
it
Carthage & Adirondack
46 Northern Ohio
162
it
*T
Gouverneur & Oswegatchleil
13 "Big Four" -System
1T2.235
New York & Putnam
59 Indiana Illinois & Iowa
252
*T
it
Boston & Albany
393 Cincinnati Northern
208
it
it
Fall Brook Ry., etc
231 Detroit Tol. & Milwaukee. .IT 155
*T
Beech Creek RR
160 Dunkirk All. V. & Pitts.. ..*T
*T
91
Beech Creek Exten. RR
59 Pitts. & Lake Erie system. .if 185
IT
Wallkill Valley
33 St. Lawrenoe & Adirondaokif
56
Total owned and controlled July 1, 1903 (319 miles 4-tracked) 11,17§
History, Ac— Control of the Lake Shore and Michigan Central roads
it
if
was acquired in 1898, as stated below. Their earnings are reported
separately, but the dividends on their shares held by the Central are included in the item " other income," offset in part by interest on the collateral bonds issued for their purchase. V. 71, p. 502; V. 78, p. 48.
In Jan., 1900, control of the Lake Erie A Western was acquired, also
a large interest in the Cleve. Cin. Chic. A St. Louis, Increasing the
Vanaerbilt interest in the latter to an absolute majority. The Central
has since transferred its holdings in these companies to the Lake Short,
which Bee; also see V. 78, p. 48. In 1900 an understanding was reached
between the Vanderbilt and the Pennsylvania Interests, by which the
latter became Jointly interested in Ches. A Ohio Ry. V. 70, p. 76, 125,
1049. Holdings of Vanderbilt estate. V. 71, p. 1221.
Stock.—Dividends on stock registered in London are payable In gold
at 49 lad to dollar. As to new Issues, see " General Finances" below.
Dividends since
< '92. '93. '94. '95. '96-98. '99.
1900-*03. 1904.
1891. Percent. \5H
5
5 4H 4 yrly. 4
5yly. Ino.Apr.,2ifl
Bonus.— Description of debentures was on page 3 of Supplement
f April, 1895.
They are all secured by the refunding mortgage of
897 eq nally with the 3i«s. Ref. mortgage is for $100,000,000, of
which $59,495,396 had been issued in Aug., 1903, to retire $56,527,017 old bonds and $11,302,179 for the general purposes of the company; of the balance, $14,142,425 was reserved to retire $13,850,317
existing bonds still outstanding; the remainder ($15,000,000) is reserved for new construction after 1903. V. 77, p. 452.
Collateral trust 3 ias of 1898 are eeoured by deposit of stock of the
Lake Shore A Michigan Southern and Miohigan Central RRs. at the
rate of $100 of L. S. & M. S. stock for each $200 of bonds and $100
of Mich. Cent, stock for each $115 of bonds outstanding. The total
Q h
? ~ J?™zed iHf,ues ot 3 ias are $100,000,000 for Lake Shore and $21,550,000 for Michigan Central. See V. 66, p. 288, 336, 760, 811.
In 1904 $^,000,000 one year lia p. c. notes dated Mar. 1, 1901, were
sold. V. 78, p. 989.
Guaranties.—The company guarantees the securities of Its leased
lines to a considerable aggregate— see separate statement for each company marked with a 11 in the table of mileage preceding. It also guarantees Western Transit Co. 4iflB for $1,000,000 due February, 1903.
General finances.—To Aug., 1903, about $56,527,000 old bonds had
been refunded; annual saving in Interest charges about $1,325,000.
V. 75, p 1148; V .76 p. 159. In Jum\ 1903, vaiious roads controlled
t
mlt "."t. Morgan and Pennsylvania interests purchased
*£m,\\y, of r the *ll.o00,oo()
$6,924,200 ;
Hocking Valley Ry. common stock.
See that company, V. 77, p. 1225
In July 1901 the company had acquired $45,289,200 of the capital
stock of the Lake shore road in exchange for3ia p.o. bonds (see above),
v ng $4 177,'? 0O u lloat ,nclmliu « *533.500 guaranteed 10 percent
iS!S i
,
dividends /
(see V. 6b, p 288, 336, 1238), and also
$16,814,300 of Mich.
Central stock, leaving $1,883,600 still outstanding.
In Jan., 1901, dividend rate on Lake Shore utock was raised "from
7 to 8 p.o., equal to an Increase of $450,000 annually in the other
Income" of tie N. Y. Central. V. 77, p. 2390
In A pril, 1900, $15,000,000 stock was Issued at par to provide new
rolling stock, and on Apr. 1(!, 1902, the stockholders voted
to increase
the stock from ,$l 15,000,000 to $150,000,000. $16,912,900 of the new
stock being subscribed for by stockholders pro rata at $125
per
share. V. 74, p. 151. A portion of the prooeeds will be used
for the
,
:
,
'
'
.
substitution of electricity for steam on
New York suburban division
and New York terminal improvements, estimated to cost $20 000 000
to be complete! about 1906.
these Improvements are expected to be
a
ort,n
?-..<yx 74 P- 151. 776: V. 75. p. 240.290,550,
i o i?l?52?''Vr JP
,
l,
1203, 1254; V. 7G,
'
p.
26G, 331. 1083. 1408; V. 77, p. 350, 2159.)
$650,000
1,726,000
4,000,000
1.000,000
132,250.000
a3,582,500
a4,507,000
639,000
a5,094,000
70,857,000
90,578,400
19,336,445
5,500,000
14,000,000
11,000,000
5,000,000
19,425,000
166,000
280,000
1,500,000
8,656,050
1,343,950
12,000,000
4,500,000
10,000,000
12,000,000
5,000,000
5.000,000
began
[Vol. lxxvui.
2?onds--Prinoi
INTERE8T OR DIVIDENDS.
pal.When Due
Rate per When Where Payable, and by Stocks—Last
Whom
Payable
Cent.
& O*.
& O.
M. & N.
4 a g. M. & N.
5 In 1903 Q.-J.
8 M. & N.
M. & S.
J
M. * 8.
5
4g. J. 4 D.
3ifl g. J. * J.
3 i*g. F. * A.
3 ^g. F. & A.
Si«g. J. & J.
5
£ g
6 g.
-
N. Y., Gr. Cent. Station.
'
3 In 1904
5 In 1904
%*
4ifl
5 g.
See text.
See text.
3ia
5
5
6
5
4
5
g.
g.
g.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
May
1,
Sept. 1,
Sept. 1,
June
July
Feb.
Feb.
July
1,
1,
1,
1,
1,
1905
1904
1904
1905
1997
1998
1998
2000
March. N. Y., Gr. Cent. Station. Mch*.T,*64,3
Mch. 1/04, 5
do
do
March.
A. & O. N. Y., Union Trust Co Oot. 1, 1937
F.&A 15 N. Y., Central Trust Co Yearly to 1911
J. & D. N. Y., Nat. City Bank. To Deo. 31. '10
M. & N. N.Y.,21CortlandtSt. May 1, 1946
See text N. Y., Gr. Cent. Station. Apr. 2, '04,2%
do
Apr. 2, '04, 2%
do
See text
May 1, 2000
do
do
M. & N.
A. N. Y., Guaranty Tr. Co Feb. 1, 1938
F.
Apr.,'04, 1H%
Q.-J. N. Y., by Del. Lack.*
Jan. 1, 1921
do
do
J. & J.
Aug. 1, 1923
do
do
F. & A.
May 1, 1923
do
M. & N.
do
&
M.
4g. M.
Is
Dividend.
Apr.,'04, 2ifl%
Checks mailed.
N.Y.,Corbln Bank'g Co. Oct. 1,. 1935
London, Baring Bros. May 1, 1904
N.Y..D. * H. Canal Co. May 1, 1904
N. Y.. Gr. Cent'l Stat'n. Apr.15,'04,11*
A.
A.
1
192,000
1,553,000
refn nding
52
WestShore
479 Trackage
fl
Troy & Greenbush
Total In earnings
6
3,422
if
Bpuyten Duyvil &Tt. M....H
Controlled— Operated separately.
6
New York & Harlem
137 Lake Shore & Mich So
ff
U 1,411
New Jersey Junction
Rome Waterto wn & Og
Mohawk & Malone
Outstanding
$100
1885
1,000
1874 4100 Ao
1896
1,000
100
1853 500 Ao.
1884 l.OOOAo
1889 l.OOOAo
1890 l.OOOAc
1897 l,000<feo
1898 l.OOOAo
1898 1,000*0
1900
100
100
100
1887
1,000
1898
1,000
1900 20,000
1896
lOOAo
50
50
1897 1,000*0
1902
1,000
100
1880
1,000
1883
1,000
1890
1,000
Year to J 1902-3
$1,371,032 $559,814 $332,333 sur. $227,481
June30. U901-2
481,624
333,714 isur. 147,9 lo
1,184,761
—(V. 73, p. 337; V. 74, p. 1088; V. 75, p. 342, 1147.)
Nashua & Lowell RR.— Owns double track road from Lowell,
Mass., to Nashua, N. H., 15 miles. On Oot. 1, 1880, leased for 99 years
to Boston A Lowell. In 1887 lease was transferred to Boston & Maine,
whloh pays a rental of $73,000 (9 per oent on stock).
New York Central AHudno n Itivcr It!*.— (See Map.)—
Lines ovnied.
Miles
Operated under contract. —
New York to Buffalo
441 Terminal Ry. of Buffalo ...fl
11
Branches
369 Pittsburg * Eastern
13
Lines leased.
Amount
Road. Bonds Value.
page of tables.
W. Y. <t Canada— 1st M., sterling, to be paid May 1.
Debentures, g., to be paid May 1
M«to York Central <C Hudson River— Stock.Tr.
Debt oertlfs., (N.Y.Central), gold, $ 6,450,OOO.cfer
Debentures, 1884, $10,000,000 ) All eq'ly f .. o&r
Debentures, 1889, $1,000,000. ( eeoured
r
Debent's, g., s. f., $13,194,000. fby mort. \ o*<tr
Refund.M., $100,000,000, g.Ce of 1897. lo*<fcr.
Oollat. trust, g. ($100,000,000) L. 8h. stk.G.o\fcr
do
do
($21,550,000) Mich. Cent. stk..G
Debentures (V. 69, p. 1102; V. 71, p. 502, 964)..
N. Y. Chicago <t St. Louis Common stock
2d preferred (5 per oent, non-cumulative)
1st preferred (5 per cent non-cumulative)
1st M., gold, sinking fund not drawn
Ce.o*&r
Equlp.tr. "B" g. $23,000 due yrly Feb.l5.,Ce.o&r
Equipment notes, $20,000 due semi-annually...
If. Y. <e Orcenw.L.— Prior lien M.,gu.p.<fel...N.gxo*
K. Y. <fi Harlem—Common, 14 p. c, 10% guar
Preferred stock, 14 per oent, 10% guar
Refunding
(now 1st), $12,000,000, g...Go*<fcr
N. Y. <& Jersey— 1st M.,$7 ,000,000, red. at 110. G.O*
S. Y. Lackawanna A Western Stook, guar. 5 p. ot.
let mortgage, guar, by DeL Lack. A West
F.o*
Constr. mort., guar, by Del. Lack. & West.F...c*
3d M. Term. Imp. (for $5,000,000), gu. p. A 1...F.
Sew York Lake Erie <£ Western— Bee Erie RR.
*'
:
&
A
given in
W
N. Y„ Liberty Nat. Bk. Sept.
do
do
Sept.
8.
8.
first left
I
1,
1,
1941
1941
hand column.
In 190203 control or virtual control of the Reading Co. was acquired by the Baltimore A Ohio (Pennsylvania interests) and the Lake
Shore. V. 76, p. 101; V. 78, p. 48.
As to contract of 1903 with Pennsylvania Coal Coke Co. for at
east l,000,000.tons annually, see V. 77 p. 2098.
Average train-load for entire system, including company's freight
was 421 tons in 1902-03. aaainst 387 tons in 1901-02.
Earnings.— For 9 mos. ending Mar. 31 (partly estimated In 1903-4)
9 mos.
Oharqes.
Gross.
Net.
Oth. inc.
Bal., sur.
1903-4.$58,526,600 $16,765,300 $4,444,100 $15,490,500 $5,718,900
1902-3. 57,602,664
18,148,958 3,983,481 15,562,845 6,569,594
Dividends of 334 p. o. called for $4,959,300, against $4,951,032 In '03.
Annual Report.—Report for 1902-03 was tfTen at length in V. 77,
See also editorial p. 798. Of the freight (38,081,380
p. 819, 828.
tons) carried in 1902-03, about 37 p. o. was coal and coke.
Years end. June 30.
1903.
1902.
1901.
Miles June 30
3,422
3,320
3,323
height earnings
$46,858,713 $40,659,779
$39,550,399
Passenger earnings
23,581,576
23,807;085
20,866,357
>lail, express, eto
7,1 65,489
5.916,355
6,437^004
Total gross earnings.
$77,605,778 $70,903,868
$60,333,111
Net earnings
$24,146,464 $24,040,379
$23,744,895
Other income
5,272.744
4,876,023
4,530,2 94
Net income
$29,419,208 $28,916,402
$28,275,189
Deduofr— Rentals paid
$9,421,474
$9,174,239
$9,204,619
Interest on debt
7,299,968
7,688,333
7,624,9? 4
Taxes on stock
794,292
869,736
748,285
Taxes on real estate
2,687,737
2,595,728
2,339,094
Miscellaneous
191,433
271,648
316,074
&
Reserved for deb'tures. ..
300,000
300,000
300,000
Dividends
(5)6,604,158
(5)5,961,411
(5)5,750,000
Speolal impr'ment fund
1,50 0,000
1 ,750,000
1,75 0,000
Balanoefromoperat'n...
$370,146
$305,307
$492,183
President, Wm. H. Newman; Chairman, Chauncey M. Depew; Treas.
urer, E. L. Rosslter. Directors (July, 1903)
W. K. Vanderbilt, F. W.
Vanderbilt, Chauncey M. Depew, Samuel F. Barger, J. Pierpont Morgan, William Rockefeller, Hamilton MoK. Twombly, William H. Newman, Charles. C. Clarke, D. O. Mills. William Bliss, George s. Bowdoin
and Jas. StlUman.— (V. 77, p. 2098, 2159, 2390; V. 78, p. 343, 989, 1223
Cklcago &. St. Louis
(See Map of New York Oen
Iral <£ Hudson River.)—Owns from Buffalo, N. Y., to Illinois State Line,
w
exoept 8 miles leased between Dunkirk and Silver Creek, leaving 494
miles leases the proprietary line, Chicago A State Line RR., 111., State
Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver Creek,
8 miles; total. 512 miles; trackage in Buffalo, N. Y., 1% miles, and
Grand Crossing Chloago, 111. (Lake Shore RR.). 9 miles.
:
New York
RR.—
;
History.— " Nickel Plate" road, foreclosed and reorganized in 1887.
8tock.— Lake Shore A Miohigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stook.
Dividends — ) *93. '94. '95. '96. '97. '98. '99. '00. '01. '02 to '04
1st pf. in Mar.
3
4
5%
2%
5
5
5 yearly
[•
2dpref.
2
)
3 yearly
Bonds.—A sinking fund
of $100,000 per year is provided when net
earnings are $900,000 or upwards, if bonds can be bought at or below
102; if not, the sinking fund lapses for that year, thus leaving $100,000
more for dividends. The issue of bonds, $20,000,000, has been reduced
by sinking fund. See mortgage abstract, V. 45, p. 541.
Annual Report.— Preliminary statement- for 1903 was in V. 78.
Report for 1902, V. 76, p. 1027. PrinoipaUv a freight line,
p. 340.
freight In 1903 contributing $6,902,380 out of $3,448,3S0.
Year ending Dec. 31—
1903.
1902.
1901.
Gross earnings
Operating expenses
Additions and betterments
Net earnings
$8,448,320
6,314, K27
626.416
$1,507,277
50.709
Otherlncome
Net, inoluding other income.
Interest on bonds
Equipment trust oharges
,..$1,557,986
Dividend on 1st pref.*
Dividend on 2d pref.*
Balance, surplus
Wm. H. Canniff.— (V. 78,
Pres.,
777,000
176,738
(5) 250,000
(3) 33 0.000
$24,248
p.
$7,138,899 $7,485,484
5,034,253
5,211,626
585,000
756,000
$1,519,6-4 5 $1,517,858
40,125
32.291
$1,659,770 $l,5n0,149
777,000
777,000
185.649
154,217
(5)250,000 (5) 250,000
(3)330,000
( 3)3 3 0.000
$17,121
$38,927
840, 343.)
New York & Greenwood Lake Ry.— (See Map of Erie RR.)—
Owns from
Jersey City, N. J., to Greenwood Lake, 39 miles, and
branches to Ringwood, etc., 8 miles; Watchung Ry Forest Hill to
Orange, N. J., 4 m.; total owned, 51 m. 8took,%l00,000; par, $50.
Lease.— OnMavl, 1896,was leased to the ErieRR. for999years from
May 1,1896. Prior lien bonds are guaranteed-prinoipal and interest,
by Erie. See V. 63, p. 513; form of guaranty V. 65, p. 463.
New York & Harlem RR.— Owns New York
City to
Chatham
Alse owns Fourth Ave. Street RR.
Lease.— The property (exoept the horse railroad) was leased April 1,
1873, for 401 years, to the N. Y. Cent. A Hudson River RR. for interest
on bonds and dividends at rate of 8 p. o. yearly, sinoe increased to 10
N. Y., 136 miles.
Apk., 1904.]
RAILWAY STOCKS AND BONDS.
1671
RAILWAY STOCKS
1672
RAILROADS.
Miles
For explanation of column headings, &o., see notes Of
on first page of
—
Haven, & Hart. Stock. See text
Debentures, mostly exchanged for stock 1903 o*
Deben. ($5,000,000 are 4s), non-convert
o&r
Deb. (for Cent. N.E.& W.),$5,noo,000,g.,non-con.
Deben (for F. H. & W.), $10,000,000 authorized.
N. Y. Prov. & Bos., gen. M. Oaow lBt).g.,ass'do<fer
Shore Line 1st M. N. Hav. to N. London, assumed
Honsatonio old consolidated mort. (assumed)
Sew consol. M. ($3,000,000) g. (assumed) F.o*
H. R. & Por 2d (now 1st) gu. (V. 56, p. 813).F.c«fcr
New M. on Harl.Riv.& Port., g, $15,000,00 Oauth.
New Haven Steamb. M., g., ass'd, call aft. 1904..
Kew Torh New
62
49
90
90
12
12
,
. .
Bonds of Proprietary,
etc., Lines
1st M., N. H. to Wllllman., Ct.c*
Danburv <fe Norwalk oon. M. ($100,000 are 6s). o*
Genl. M.,Danbury,Conn.,to Wilson Point, <feo.o*
Naugatuck 1st mort., guar. p.
i
Bos.
51
36
36
61
&
New Haven & Derby, consol. mortgage
N.H.& No.,
con. s. f. $15,000 p.
Northern Extension bonds
Date
Size, or
Amount
of
Par
Outstanding
yr.,
*18
98
28
o*
not drn.Un.c*
o*
Deb'tures ext. in '96, non-oonv.,V. 62, p. 548.0*
Holyoke <fe W., leased, mtge. $200,000, guar..o*
New England and Old Colony— See those cos.
Providence & Worcester 1st mortgage, currency
51
Nan. B'ch, 1st M. ($240,000 own. N.Y.N. H.& H.)
7
N.Y.O.&
Ref. (1st) M. $20,000.000, g..Me.o*<fcr Text.
Gold notes, sec. by 1st M. on Soranton Coal Co..
Do g., sec. by 1st. M. on Elk H. C & I., due s-a.c*
Car trusts, ser. A, $57,000 payable seml-ann.Ma
Car trusts, ser. B, $37,000, payable senii-ann.Me
Car trusts, ser. C, $22,000, payable semi an. OTe
To
W—
Vol. lxxyiti.
iiuitus -rniiolINTEREST OR DIVIDENDS.
pal,When Due
Rate per When Where Payable, and by Stocks—Last.
Whom.
Dividend.
Payable
Cent.
$100 $80,000,000 8 In 1903 Q.-Mjo
1893 100 &o.
185,300
4
A. & O.
97*01
10,000,000 3»a & 4 M. & a.
1904
5,000,000
4g. P. & A.
3is
1904
See text.
F. & A.
1892
1,000
1,000,000
«g. A. <fe O.
4i«
1880 1,000*0
200,000
M. & S
1880 500 Ac.
100,000
A. & O.
4
1887
1,000
2,839,000
5 g. M. & N.
1881
1,000
1,000,000
4
J. & D.
1904
See text.
4g. J. & D.
1899 500 <feo.
225,000
5g. A. & O
1880
1880
1883
1904
1902
1888
1879
1881
1886
1891
100
1,000
1,000
1,000
1,000
1,000
REGULAR ANNUAL DIVIDENDS 1903.
10%
(Jan. 5%, July 5%)
From Metropolitan Street Ry. rental.
4% (April 2%, Oct. 2%)
Also in Oot., 1899, a surplus distribution of 25 p. o.— (V. 76, p. 1144.)
New York & Jersey RR,- Owns
two partially constructed tunnels under the Hudson River, between New York City (Manhattan
Borough) and Jersey City. Terminals in New York will be at West
10th and Hudson Streets and possibly also at 33d Street and 6th Ave.
V. 78, p. 1110. To be operated by electricity. The North Jersey and
Jersey City Hoboken & Paterson 8treet Rys. will use the tunnel.
The entire tunnel is expeoted to be completed in 1905. V. 76, p.
Franchise oharges to be readjusted every 25 years. See V. 75,
The Hudson & Manhattan RR "to tunnel from Jersey
City to Cortlandt St., .Manhattan, is controlled by iriendlv interests.
V. 76, p. 705, 1249.
Incorporated In New York on Feb. 11, 1902, as successor of the Hud
eon Tunnel Ry., sold in foreclosure per plan V. 73, p. 1313 (see also V.
70, p. 996 and 1149).— V. 74, p. 380. Stock, all issued, $8,500,000, of
whloh $3,500,000 is 6 per cent non-cumulative preferred; par of
shares, $100. Of the $7,000,000 bonds, $2,500,000 are reserved for the
construction of the south tunnel. V. 74, p. 380, 577.
Officers.— President, Wm. G. McAdoo; Vice-Presidents, Walter G.
Oakman and Edmund C. Converse; Secretary, Chas. W. King; Treasurer, Henry A. Murray; directors, V. 74, p. 577; V. 76, p. 436.
Office, 15 Wall Street, New York.— (V. 77, p, 1875; V.78, p. 1110.)
York Lackawanna Western Ry.—Binghamton to Buffalo and Internat'l Bridge and branches, 214 miles, of which the main
line, 213 miles, Is double track; Delaware L. & W. has a lease for duration of charter from October, 1882, giving a guaranty of the bonds and
5 per cent yearly on the stock, bonds and stock being endorsed. See form
of guaranty of terminal bonds in V. 67, p. 1357; see also V. 68, p. 283.
York Lake Erie &, Western
See Erie RR. Co.
436.
p. 77. 1354.
5
,
&
F.
5&6
J.
5
4
A.
&
&
&
New Haven, Co.'s Office.
N. Y., Lincoln Nat. Bk.
New York.
Mar. 31,
Apr. 1,
Men. 1,
Feb. 1,
Feb. 1,
New York.
Apr. 1,
N. H., Nat. N. H. Bank. Mch. 1,
New Haven, Conn.
Apr. 1,
N. Y., Farm. L. & Tr. Co. Nov. 1,
N. Y.,Chemloal Nat. Bk. June 1.
June
N. Y„ Llnooln Nat. Bk. June
A. N.Y., Lincoln Nat. Bank Aug.
New Haven ,Conn.
July
J.
Apr.
do
do
O.
2
1908
1947
1914
1954
1942
1910
1910
1937
'04,
1911
1,
1,
1954
1919
1,
1905
1920
1925
1,
1.
1954
3ifl
&
A. &
6
A. &
5
J. &
5
A. &
4
A. &
4
2ifl
A. &
4g. M. &
F. &
l g J. &
5 g4 ag. J. &
4*2g. M. &
5 g. M. &
M.
5
1897
1,000
1,500,000
250,000
1880
1892 l.OOO&O 16,937,000
1899
1,000
1,850,000
1900
1,000
3,050,000
1902
1,000
228,000
1902
1,000
259,000
1903
1,000
176,000
through refunding of bonds. V. 70, p. 740, 1049, V. 71, p. 29,
220. The street railway was leased In July, 1896, to Metropolitan
Street Ry. Co. for 999 years at $350,000 yearly (3^ p. o. on stock) for
5 years and $400,000 (4 p. o.) thereafter. V. 62, p. 1088.
Guaranteed by N. Y. Central
500,000
500,000
150,000
2,500,000
334,000
575,000
1,200,000
700,000
700,000
200,000
1,000
1,000
¥. o.
New
|
:
& N.Y. Air L.
Debentures
AXI) BONDS.
Road. Bonds Value.
tables.
2
7
. .
.
.
N.
New Haven, Ct., Treas. Oct.
New Haven, Conn,
May
do
do
do
do
do
do
do
do
O.
O.
J.
O.
Prov.,R. I. Hosp.
Apr.
Apr.
July
Apr.
&T.Co
Treas., Old Col., Boston.
N. Y. OfHce,56 Beaver.
N.Y.,N.Y.8ec.&Tr.Co.
N. Y., Morton Trust Co.
N. Y., Manhat. Tr. Co.
New York.
New York.
-
1
1,
1,
1,
1,
1,
1,
1930
1918
1909
1911
1904
1911
Oct. 1, 1947
V. 72, p. 675
June 1. 1992
Aug. '04 Feb.'U
Pne.'04J'ne*15
To Mar., 1906
To June, 1907
May'04May,'08
Leased line Stocks.—The stooks of the leased lines unexchanged
on June 30, 1901, or later, and the dividends payable thereon are shown
below, the shares being all $100 eaoh excepting Danbury & Norwalk,
which are $50 eaoh. The leases are for 99 years.
Stocks—
Berkshire
B. &N. Y. Air Linepref
do
do
Total issue.
TJnexch.
$600,000
$599,000
2,998,500
common.. 898,500
1,396,000
154,700
Danbury & Norwalk
Divid'd.
6 p.
o.
p. o.
Period,
Q.—J.
A. & O.
4
Pays no divid'd.
$600,000
$152,925
5 p. 0. J. <fc J.
1.006,400 10 p. o. J. <fe J.
2,000,000
N.H.& Derby
21.600
4
447.000
J. & J.
New England, common
20,000,000
52,500 Pays no divid'd.
do
do
preferred
5,000,000
74,100 3 p.o. Oot.31,&o
Old Colony
16,608,900 11,089.900
7
Q.-J.
Pawtuxet Valley (par, $(?))... 100,900
100,900
7 p. 0. J. & J.
Stookbridge & Plttsfleld.
448.700
437,700
6
Q.-J.
Earnings— For 6 months ending Dec. 31:
6 mos.—
Oross.
ffet.
Oth. inc. Int. taxes, etc Bal.,sur.
1903
$25,177,974 $7,371,977 $96,670 $3,727,606 $3,741,041
1902
23,595,457
6,846,934 262,425
4,083,074
3,026,285
tfaugatuok
Annual Report.— Annual meeting is held third Wednesday in Oot.
Report for 1902-1903 was in V. 77, p. 949.
1903.
Tr.end.June30.
1902.
1901.
1900.
Miles operated..
2,037
2,038
2,038
2,038
Passengerearn8.$22,953,017 $21,223,631 $19,853,093 $19,764,755
Freight earns... 23,926,150
21,871,642
19,864,701
20,164,753
Miscellaneous.
416,910
425,814
414,517
395,643
Gross earnings.. $47,296,07
$43,521,087 $40,132,311 $40,325,151
Net earnings .... $1 2,34 1 ,054 $12,247,213 $12,083,332 $12,100,311
Other inoome. .
613.060
565,818
562,560
546,121
Tot. net income$12,906,872 $12,860,273 $12,646,391 $12,646,432
Int. on bonds... $1,137,052
$1,305,838
$1,166,967
$1,062,435
Other interest.
52,91
486
521
1,858
Rentals
4,504,546
4,464,711
4,451,634
4,476.258
Taxes
2,385.389
2,410,380
2,484,605
2,367,636
Dividends
(8)4,2 96,568 (8)4,294.738 (8)4,231,278
( 8)4,618,438
Balance
sur.$208,534 sur7$382,290(sur.$363,548 sur.$391,335
.
New
BR.—
New York New Haven A Hartford RR.— Covers Southern
New England and the only direct routes between New York and Boston,
Officers.— President, Chas. 8. Mellen, New Haven; Seoretary,
Klines Owned in Fee —
Miles.
Leased (part Owned.)
Miles.
D Bishop Jr.; Treasurer, Augustus S May, New Haven, Conn.
Junction near N. Y. City
NewEng. RR. (whiohsee)
to
536
Springfield, Mass
122 Old Colony RR. (whloh see).. 616
Lines to Providence, Plttsfleld,
Lines Leased
Litchfield, etc
.316 Providence & Worcester
48
Leased and Controlled—
Other lines
58
Lines to Turner's Falls, eto
268 Trackage to N. Y. City, etc.... 30
Other lines
43
Total oper. July, 1903(88 miles has four and 667 two tracks).. 2,037
Early in 1904 acquired a majority of the Cent. New England Ry. stock
and income bonds and control of the stook of the Fair Haven & Westville Electric RR., 116 miles. V. 78, p. 702, 768, 989, 1168.
Controls Fall River, Prov. & Ston., New Haven, New London &Nor.
wloh »nd Bridgeport 88. lines. V. 70, p. 842 ; V. 71, n. 643 V. 73, p.
721; V. (76, p.t 480.
European connections see V^ 75, p. 794,981.
—
;
Providenoe Terminal
Co., V. 78, 1110.
History—A consolidation In 1872 of the New York & New Haven
and the Hartford & New Haven. In years 1892 and 1893 aoqulred
control of several companies whose bonds are given in table above.
TbeHousatonlo, Shore Line,
Prov. & Boston and the Shepaug
Ldtohtleld & Northern have been absorbed by consolidation. VT 69.
p. 742. See also Old Colony.
Slectric Railways.—Controls Stamford St. Ry., MeridenEleotnoRy.,
electrio railway between Hartrord and New Britain, 10 m., 14 miles
between Providence and Bristol, eto. V. 67, p. 732; V. 69, p. 742;
V. 71, p. 644; V. 72, p. 137; Wor.
Conn. East. Ry., V. 75, p! 1203.
A
AL Stock.—Stock authorized, $100,000,000. In 1903 $16,o-,°, oE.
w
n
H2°r, .??j£ 8ue $175 exchange. $ for.S. for convertible debentures
and ifcb.Yod.-^OOat 5,L per share to pay maturing bonds, new rolling
Early ln 19 °4 tn * outstanding stock was lnoreased to $807.
„
000,000 by sale of $3,275,700. V. 76, p. 865, 1301.
Dividends.-) 1873-1893.
1894.
1895 to Mar., '04, (tool.)
Peroent. { 10 yearly.
9
8 (2 per cent quar.)
NY
-
&
'K'f'
BONDS.-Tho $7,500 000 fifty-year 4 s, whloh have been sold, dated
June 1, 1904, are a direct obligation of the N. Y. N. H. & H. and further secured by a mortgage on the Harlem & Pertchester RR,
12
miles, subject to the lien of the $1,000,000 of 4s due 1911.
The proceeds will be used for four-tracking and improvements on the Harlem
t
R1i * 8 ° f 19 ° 4 are
« uaranteed Principal
In 1904 $5,000,000 4 p. c. debentures were sold to purchase control
of the Central Now England Ry. and $10,000,000 of
3»o p. c debentures were authorized to acquire the stook ($5,000,000) of the Fair
Haven & Westvllle (Electric) RR.. 116 miles, on tho basis of $200 in
debentures for $100 Fall II :iven stock. V. 7H, p. 702. 768 989 1168
1228. There are $25,000 Colchester RR. first 7s, due July 1. 1907*
5,«!&«t !lSLlea 8e "assumed" the debt of Old Colony. In Mar. 1901.
$10,000,000 non-opnvertlble debentures were authorized, $5,000,000
of whloh were sold, the proceeds to be used in part for Improvements
at Bridgeport, Conn. V. 72, p. 627; V. 73, p. 721; V.
75, p. 729; V. 78,
p. Oo4.
l
2idliton*T \*7l*$ il*7
'
-
W.
Directors.— William Skinner, Holyoke, Mass.; W. D. Bishop, Bridgeport, Comn;
Chas. S. Mellen, New Haven, Conn, J. Pierpont Morgan, William Rockefeller,
H. McK. Twombly, George McC. Miller, Richard A. McCurdy, New York; D.
Newton Barney, Hartford. Conn.; Charles P. Choate and Nathaniel Thayer,
Boston Royal C. Taft, Providence;
P. Brooker, ADaonia, Conn.; I. De V.
Warner. Bridgeport; J. M. Hall, Arthur D. Osborne, Geo. J. Brush, New
Haven: Frank W. Cheney, South Manchester; Edwin Milner. Moosu*. C*nn.
:
C
;
— (V.77,p.
2390; V. 78,
p. 103,
702, 821, 989, 1110, 1168, 1223, 1447.)
New York A Long Bra ncn RR.— Perth Amboy to Bay Head, N.J.
38 miles. Leased in 1888 for 99 years to Penn. RR. and Cent. RR. of
N. J., which jointly and severally guarantee interest and 7 per oent on
$2,000,000 stook, all owned by Ceh. RR. of N. J.— ( V. 72, p. 438.)
New York Ontario & Western Ry.— (See Map.;— Operates
from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Oswego to Cornwall, N.Y
Branoh to New Berlin
do
do
toDelhi
to Ellenville
Miles,
Road
Controlled, <tc.
Miles.
272 Peoksport Conn, (leased)
4
22 Ontario Carb, <fe 8. (leased.)
17
Cadosla.N.Y., to Soranton, Pa. 54
8
Total owned
319
Trackage (till 2079)#V\ Shore RR.:
C'nwalltoW'h'ken(V.61,p.425) 53
RomeA
Clinton' (leased)
fll3
Utica Clinton & Bing. (leased). 1131
Wharton Valley (owned)
7
& Kingston (leased) 27
Port Jervis Mont. & Summitv.
(leased)
41
..,
Ellenville
See this Co.
Total operated July 1,1903
549
The Port Jervis Moutioello & Summitville RR. is owned by the N. Y.
Ontario & Western Ry , and its line, in connection with Ellenville
branoh and Ellenville & Kingston RR., forms since Dec, 1902, a line
from Port Jervis to Kingston. V. 75. p. 1400; V. 77, p. 650.
Organization.— Sucoessor in 1879 of N.Y. & Oswego Mid., foreclosed.
Stock.— Stook Is $58,113,982, (par, $100), of whloh $4,000 is old pref.
Voting Trust.—The preferred was originally $2,000,000, but all except $4,000 has been exchanged for bonds under act of June 8, 1885.
The exchanged preferred stock is held alive under a voting trust and
eleots eight of the thirteen direotors under a provision of the " Articles
of Association," until a dividend shall have been earned and paid upon
the oommon stock. The voting trustees eleot directors in the interest
of the oommon stook. See V. 61, p. 425, 426, and editorial, V. 65, p. 495.
Bonds, Etc.— Refunding mortgage for $20,000,000 covers 319 miles
of road owned, all the securities of the Ontario Carb. & Soranton Ry.,
54 miles, and all other property hereafter aoqulred. The balance
unissued Is available for additions, improvements, eto. V. 72, p. 87.
Gkneral Finances.— In 1902 surplus earnings were being applied to
double-tracking 107 miles of main line, to extend over three or four
years, to cost about$l,500,000. V. 74, p. 830; V.75, p. 505; V.77,p.650.
Early In the calendar year 1899 the coal properties at Soranton,
Pa., of the Laok. Don & Steel Co., (the oapaofty of the collieries
then open being about 700,000 tons per annum) were purchased by
IT
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1673
.
:
;.
RAILWAY STOCKS AND BONDS.
1671
RAILROADS.
Date
Miles
Size, or
Amount
Par Outstanding
of
of
For explanation of column headings, &o., see notes
Road. Bonds Value
on first page of table.
j
Y. rf Ottawa.— Reo. oertif., red. aft. June 15, '04
lstM.,$ 3,500,000
Mo.x.0*4r
AT. Y.Phila. 4 Norfolk— Stock, $2,000,000
lstM., $3,000,000, gold..FP
o*
it.
Inoome mort.,
FP
non-oum., reg, ($1,000,000)
N. Y. <e Putnam.— N.Y. & No., 1st mortgage, gold.c
N. Y. 4P. oon., $6,200,000, g., gn. p.Al. end.Un.o*
AT. Y. <* Rock. £>h.— 1st M., $1,000,000, g., gu.Ce.o*
2d M. Inoome bonds, non-onmulatlve.Ce
r
g.,
Y. Susq. A Western-— Midland RR. 1st M., g.Ce.o*
Paterson Exten. RR. 1st M., real estate, s. f.,g.o*
N. Y. Susquehanna A 'Western, 1st mortgage
1st mortgage, refunding, gold.Ce
o*
2d mort. ($1,000,000 gold) 3d M. on 72 m.Oe.o*
General mortgage for $3,000,000, gold
Ce.o"
Collateral trust Donds, subject to call, our. IV
Terminal 1st mort. for $2,000,000, gold..Ue.o*<fcr
AT.
1900
1897 l.OOO&c
50
1899
1,000
1899
1,000
1887
1,000
1894
1,000
1887
1,000
1887
1.000
1880 500 4o.
1881
1,000
128
128
65
10
1892
1897
3,000,000
150,000
3
2
1885
1896
1887
1893
1882
1904
1898
1
1.27
127
127
—
—
RR
Mp
New mortgage
91
54
6
1,000
1,000
500
1,000
500
M,
4$
i',676
100
192
194
1891
1904
1,000
&
the floranton Coal Co aided by loans from the N. Y. O.
W., the latter
issuing its $2,500,00o 5 p. o. notes (reduced to $l,850,O0# Apr.,
1904), extending over a period of years seoured by first mortgage on
the coal property, and loaning $1,475,000 (of which $305,000 has
been repaid) seoured by a second mortgage, the O. 4 W. obtaining contract for entire tonnage. V. 68, p. 41. 429. The ooal cos are expected
ultimately to take care of all these obligations. V. 69, p. 604,646.
In November, 1900, eight independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
Hill Coal 4 Iron Co., the N. Y. O. 4 W. issuing its $3,500,000 5 per
cent sinking fund first lien gold notes secured by the Coal
Iron Company's first mortgage, these notes maturing $75,000 each 6 mos., beginning June L 1901, to June 1, 1911, and thereafter $200,000 semi anaually to Dec. 1, 1915. In the event of any additional mortgages
oelng placed on the railroad properties besides the refunding mortgage, the notes are to be secured pari passu with such new obligagations. The Elk Hill Co. also made a second mortgage to the N.
0.
4 W. for $2,400,000 at 5 per cent. V. 71, p. 1270; V. 73, p. 501.
The company's coal tonnage is derived as follows: Soranton and Elk
Hill companies (as above stated), total maximum capacity, 2,700,000
tons; other companies, 300,000; washerles, 800,000 tons.
Earnings.— For 8 months ending Feb. 29
8 mos.
Oross.
Net.
Charges.
Bal., sur.
1903-4
$4,371,049
$958,328
$454.il3
$504,215
1902-3
3,800,684
925,589
499,567
426,022
Annual Report.— Report for 1902-03 was given at length in
V. 77, p. 625, 650; see also editorial, p. 601.
Ooal traffic in 190203, 2,521.179 tons (out of 3,972,561 tous), against 2,455,305 in '00-01
Year ending June 30.
1903.
1902.
1901.
Gross earnings
$6,176,518
$5,456,696
$5,322,884
Operat'g expenses and taxes. 4,557,087
4,157,754
3.777.137
Balance, net earnings
$1,619,431
$1,298,942
$1,545,747
Tot. net income, inol. "other." $2,021,368
$1,810,917
$1,962,991
Interest on mortgage bonds..
677,480
677,480
654,133
MlsoelLlnterest and discount
280,047
277,032
232,092
Rentalspaid
202,870
197.446
197,533
Balance, surplus
$860,971
$658,959
$879,233
Pres.,Th08. P. Fowler— (V. 76, p. 1085; V.77,p. 398, 625, 650.)
York &. Ottawa
Tupper Lake. N. Y., to Ottawa, Can.,
128 miles. Stock, $2,540,000. In Apr.. 1900, Henry W. Gays was
appointed receiver. V. 70, p. 842. In July, 1900. $585,000 receiver's
oertiflostes were authorized. V. 71, p. 135; V. 77, p. 37. Fore
closure sale under first mortgage postponed to June 22, 1904
all the first and nearly all the second mortgage bonds have been deposited with Spencer Trask
Co, under a bondholders' agreement, but
no reorganization plan had been formulated to May 1, 1904. V. 75, p.
894, 794.
There are $632,000 second mortgage Incomes outstanding. Year ending June 30,1903, gross, $216,118. Coupons of May,
1899, and since in default— (V. 77, p. 37, 2036; V. 78, p. 49, 288.)
,
&
Y
New
RR.—
&
New York
New York
Cape Charles,
Pennsylvania
Philadelphia
& Ohio RR.—See Erie RR.
& Norfolk RR.—Delmar, DeL,
to
Va., 95 m., and King's Creek, Md., to Crlsfleld, 17 miles.
Securities.—Stook, $2,000,000, all outstanding, par, $50; represented by negotiable trust certificates issued by Fidelity Insurance
Trust & Safe Deposit Co. of Phlla. Of the $3,000,000 1st 4s, $400,000
are reserved for Improvements. V. 68, p. 773, 978. As to incomes,
see V. 68, p. 978. Interest on incomes, 2 p. c, semi-annually paid
Nov. 1, 1899, to May, 1904, both inclusive. First div.on stook, 2 p. o.,
paid Jan. 3, 1901 June, 2 p. o.; Deo., 2 p. o.; 1902, 5 p. c; 1903, 6 p. o,
;
June
.£iKNI? Q8—Year endll>g$1,001; 30. 1903, gross, $1,710,469; net!
$456,455; other Inoome,
charges. $289,462; div. <5Hj p. o.),
$102,859; bal., sur., $65,13*. -(V. 76, p. 1030.)
Putnam
Owns 155th Street and 8th Ave.,
- Fi? J JT ork
N. Y. City (terminus Manhattan Elevated) to Brewsters, N. Y., 54 miles;
double-track branch to Yonkers, 3 m.; operates 2 m.; total, 59 miles.
History.—Successor to the N. Y. 4 Northern, sold under foreclosure
of 2d mort. Deo. 28, 1893, and purchased for N. Y. Central 4 Hudson
River RR;, which operates it under lease—see V. 63, p. 754, 820, 1159.
Decision, V. 74, p. 380; V. 77, p. 2339. Stook, $6,500,000; par, $100.
Bonds.—The New York Central guarantees the new consolidated
mort. bonds, of which $1,000,000 were reserved for improvements; also
91,200,000 to retire at maturity the first 5s.— (V. 77, p. 2239.)
New York A Rockaway Reach Ry.— (See Map Long Island
—Owns from Glendale Junction to Rockaway Park, 10*31 miles RR )
with
branoh, 1-43 miles; total, 11-74 miles double traok, mostly 80-lb
steel. Stook, $1,000,000; par $100.
Leased in perpetuity in 1903
by Long Island Railroad Co., whose endorsement is printed on first
mortgage bonds, of which, June 30, 1903, $101,000 owned by L I
RR. and deposited under its unified mortgage, together with $905,333
00 ™ 68 Year emlin S Jane 30, 1903, gross, $384,491; net,
*£. JP& J?
$163,069; other inoome, $3,366; bal. over charges expended x
for Imv
*
provements. -(V. 66, p. 1046; V. 77, p. 20»8.)
w
*
RR.—
,
-
m
,
New York Susquehanna
A.
Cent.
i",6bo
1887
1887
1,000
1890
1.000
1895
1,000
1893 1,0004c
112
57
57
12
12
72
.
Allied companies
Wilkesb. & East'n, 1st M., gold, guar. p. 4 i.n. .e
Susq. Connect. RR. 1st M. g.,red. at 105, gu.Mpc
Middletown Un. 4 W. G.—See that company.
Passalo & N. Y., 1st mort., (999 years, rental)...
Maoopln RR., 1st mort. (br'ch to Maoopln Lake)
N. Y. 8. 4 W. Coal Co., 1st M. red. at 110, s. f...o*
N. Y. & Wllkesbarre Coal Co. 1st mortgage.. .Co
N.Y. Tex. <6Mex 1st. M.,g.,$or JB,gu.by8o.Pao.Fo'
Matagorda Division 1st mortgage. Ce
Norfolk <t Portsmouth Belt Line— 1st mort.GP
Norfolk <& Carolina -See Atlantic Coast Limb
Norfolk <6 Southern—Capital stook
1st mortgage, $10,000 per mile, gold.
o*
Bonos— PrinuiINTEREST OR DIVIDENDS.
pal.When Due.
Rate per When Where payable, and by Stocks— Last
$565,000
6
1,728,000
4 g.
2,000,000 6 in 1903
2,600,000
1,000,000
1,200,000
5 g.
4,025,000
4g.
984,000
5 g.
1,000.000
3,500,000
6 g250,000
6 g5,000
6 K3,745,000
5 g447,000
4*sg.
2.551,000
K g.
233.000
6
2,000,000
6 g-
i*12
Western RR.— (See
Erie Map.)
History.—Consolidation In June, 1881, of the Midland of New J In
1898 nearly all of the capital stook was exchanged for stook of
the Erie KR., which operates the line as an Independent ontlet to Now
York. See V. 66. p. 53, 83 and 759.
Vol. lxxviii.
I*
5 K6 g-
70,000
6
44.000
5
374,000
6
450,000
6
al,465.000
4 g.
842,000
6
250.000
5
a There are also $53,
2.000.000 See text.
1.655.000
o gSee text.
Whom.
Dividend.
Of.reo.,54 Wm.St.,N.Y.
Nov.,'98,ooup.last paid.
Jan. 15, 1905
Payable
J.
M.
J.
J.
M.
A.
A.
M.
A.
J.
4 J.
4 N.
& D.
4 J.
4 N.
4 O.
4 O.
4 8.
4 O.
4 D.
4 J.
4 J.
4\A
4 A.
4 N.
M.
J.
J.
M.
M.
A.
J.
P.
New York City.
N.Y., Or. Cent. Station.
N. Y., D. 8. M. 4 Tr. Co.
N.Y.,Of.21 CortlandtSt.
Oct. 1,
Oct. 1,
Sept. 1,
Apr.
June
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
Feb.
do
do
do
do
June
Moh.
July
N.
<fe
J.
Nov. 1,
Checks mailed.
Deo. 15,
Phlla.. 26 So. 15th St. Jan. 1,
Checks mailed (see text) Jan. 1,
4
4
D.
4
4
4
4
&
4
4
do
do
8.
do
N. Nov., '02, n't pd.wh.due
O. N.Y..8.Pac.Oo.: London.
8.
do
do
do
D.
D.
New York.
J.
Aug.
May
May
1917
'03,3
1939
1939
1927
1993
1927
1,
1,
1,
1,
1.
1,
1,
1,
1910
1910
1911
1937
1937
1940
1905
1948
1,
1942
1907
1,
Deo. 1, 1910
Deo. 1, 1916
Mch.
Nov.
1,
1,
Apr. 1,
Jan.' 1,
Feb. 1,
1918
1933
1912
1934
1938
May
1941
A. Phila., Fidel. Trust Co.
000 not guaranteed.
Q.-J. N. Y., Metrop. Tr. Co. Apr.11,'04,2%
M 4
do
N.
do
1,
Owned (infee) or entire 8tk. Miles. Susq. Connecting RR
10
Jersey City to Gravel PL, Pa.. 101 Other branches
25
[Double traok 19 miles.]
Lines leased, etc.
Miles.
Two Bridges, N. J., to Unionville 21 Middletown Un. 4 Water Gaptf 14
Wilkesbarre
Eastern
65 Trackage
2
.
Total road operated (Usee this oo.) June 30, 1903
.238
Stock.—Pref., $13,000,000 com., $13,000,000, of which the Erie
owned June 30, 1903, $12,378,900 common and $12,892,400 preferred,
of whioh $6,630,000 common and $6,630,000 preferred are deposited
A
;
under its Pennsylvania collateral trust mortgage. Dividends on preferred, Nov., 1891, to 1892, 2i« p. o. yearly; None since.
Bonds.— General mortgage 5s, bonds are reserved to retire the
second mortgage 4 1ab. See mortgage abstract, V. 52, p. 84. The
seconds are exchangeable for generals on payment of an assessment.
As to terminal bonds listed In Sept., 1893, see Supplement of Jan.,
1898, and abstract of mort. V. 57, p. 512. The Wilkesbarre <£ Eastern
1st 5s are unconditionally guaranteed. V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each M4S.
Earnings.— 8 mos., ) 1903-4
Gross, $1,689,221; net, $640,308
July 1 to Feb. 29.
Gross, 1,538,604; net, 598,546
S 1902-3
Report.— Report for 1902-03 In V.77, p. 1291, showed on 238 miles.
Year.
Gross.
Net.
Oth. Inc. Charges. Bal.. Sur.
1902-03
$2,683,027 $1,213,782 $33,957 $942,075 $305,664
1901-02
2,583,928
1,113.345
3^,622
924,608
2al,359.
—'V.77, p. 951; 1291; V. 78, p. 702, 1110.)
fork Texas &. Mexican Ry.— (See Map of Southern
Pactflc.)— Owns from Rosenberg to Victoria, Texas, 91 miles; Wharton
to Van Vleok, 31 m. (unbonded); Van Vleck to Hawklnsville, 17 m.;
Van Vleck to Tres Palacios, 37 m.; Bay City to Markham, 12 m.; total,
188 miles. Stock. $630,040, of which Southern Paolflo Company owns
$615,000. There are also $53,000 old sixes outstanding. Operated by
So. Pao. Co., whioh guarantees the 4s, and to whioh is owing $982,160.
Earnings.— 7 months, ) 19030-4
Gross, $292,660; net, $74,821
July 1 to Jau. 31
5 19020-3
Gross, 288,262; net, 124,230
In year ending. June 30, 1903, grow, $469,542; net, $88,659; detlolt
under charges, $54,979.— (V. 77, p. 401; V. 78, p. 288, 702.)
New
Norfolk A Portsmouth Relt Line
RR.—Owns Port Norfolk
to Berkley, Va., 6 miles. Stock ,$49,600, in $100 shares. Bonds see
table. Year ending Deo. 31,1903, gross, $92,229; net, $39,129; int.
on bonds, $12,500; other Int., $664; taxes, $1,535; bal, sur., $24,429.
RR.—
6c Southern
Owns Norfolk, Va., to Edenton, N. C,
(ferry across Albemarle Sound to Mackey's Ferry, 9 miles ;)
thenoe road to Belhaven, 30 miles; Norfolk to Virginia Beaoh. 18
m.; Clapham Jet. to Man den's Point, 22 m.; Providence to Clapham
Jet., 8 m.; Virginia Beaoh to Cape Henry, 7 miles; total main line, 159
miles. On Apr. 1, 1904, the Washington
Plymouth RR., Washington to Plymouth, N. 0., 33 miles, was merged, the road to be standard
gauged and a connecting line being under construction from Maokey's
Ferry to Plymouth, 10 miles. V. 78, p. 821, 1392. In April, 1904,
control was acquired by the same interests controlling the Chesapeake
Transit (electric railway) Company; the two properties will be consolidated, 49 miles of the present N.
8. to be equipped electrioally.
Stockholders of the Norfolk
Southern will vote, May 10, on
authorizing a general mortgage to refund outstanding bonds and provide for acquisitions, extensions and improvements.
Norfolk
74 miles;
4
&
&
Dividends. —July, 1892, to Apr 1904, lncl., at 4 p. o. per annum,
and in July, 1901, and April. 1904, 1 p. o. extra was also paid.
For 5 mos. ending Nov. 3u, 1903, earnings (including steamboat
,
routes) were: Gross earnings, #362,242; net earnings, *92,515; other
income, $2,772; oharges, $43,648; divs., $33,333; bal., sur.. $18,305.
Report for 1902-03 was In V. 77, p. 627, with balance sheet:
Ysmr—
Gross (RR.)
Net.
Other Inc. Inl.<e tax Sur. tordiv
1902-3
$798,712
$194,164
$7,910
$91,338 $110,736
1901-2
709,389
174,736
13.317
92,408
95,645
Dividends paid yearly (4 per cent), $80,000— (V. 78, p. 1497.)
Norfolk 6c Western Ry.— See Map.—System extends from Norfolk, Va., westward to Columbus, Ohio, and northward to Hagerstown,
Md., with branches to the various coal fields In Virginia and West Va.
Road owned.
Miles.
Miles.
Norfolk, Va, to Columbus, O...704 Roanoke to Winston
121
Radford, Va., to Bristol, Tenn. Ill Sundry branches
179
Roanoke, Va„ to Hagerstown. 238
to Norton
100
Total owned June 30, 1903.1,718
Nor. Car. Juno, to Fries
44 Columbus Oonn.4 Term. RR.
4
Lynohburg to Durham. N. C.. 115
Portsmouth Jot. to CincinTotal
1,722
nati and Ivorydale
106 Doubletraok
125
Organization—This Railway company In 1896 succeeded to the
property and franchise of the Norfolk 4 Western RR., etc., foreclosed
per plan, was in V. 62, p. 641. The old stook paid an assessment
of $12 50 per share, common reoeivlng 75 p. o. and the old pref. 112 1*
p. o. In new common. In 1900-01 the Perm. RR., together with controlled companies, acquired oontrol through purchase of over $32,000,000 of the stook. See V. 74, p. 503 alsoV. 70, p. 687, 1150, 1195 V.
71, p. 809; V.72, p. 184, 480; V.73, p. 957; V. 78, p. 1270. The shareholders voted on Oot. 8, 1903, to acquire various branch lines; V. 77,
299. Branohes building June 30, 1903, see V. 77, p. 643, 644. In
J.
an., 1904, the Columbus Terminal & Transfer Co. was about to be
leased with option of purchase. V. 75, p. 1202; V. 78, p. 288.
Graham
.
;
;
Apr.. 1904.]
RAILWAY STOCKS AND BONDS.
1673
.
.
,
:
.
:
:
RAILWAY STOCKS AND BONDS.
1676
RAILROADS
Miles
Date
81 e '° r
£
Amount
of
of
For explanation of column headings, &c, see notes
Outstanding
Road. Bonds Value.
on first page of tables.
i
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Dividend.
Whom.
Payable
Cent.
$100 $64,469,200 3 In 1903
Norfolk & West. By.—Com. stook, $86,000,000 Mp
100 22,988,100 4 in 1903
Adjustment pref. 4 % non-oum. $23,000,000. Tip
428 1881
1,000
7,283,000
« gS. &W. Gen. (now 1st) M.Norf.toBris..etcg.FPo*
1882
1,000
2,000,000
6g.
New River division 1st mortgage, gold.FP.c* 165
1,000
5,000,000
6g.
Improvement & Extension Mort., gold.FP..o* 588 1883
129 1889
1,000
5,000,000
4g.
Soloto Valley & New Eng.,lstM.,a8sum.,g.Oe.o*
1896 500 &o. 38,710,500
4gN. & W. 1st oonsol. M. $62,500,000, g. ITIe .o*&r 1,579
1901
1,000 20,000,000
4g.
Pooahjt. M. .$20,000,000, g., oalll05,B.f.GP.o*&r
1892
500
600,000
i.(end.)I*Ip o*
5g.
CoL Con. & Term.lst M., g., gu.p.A
1902
3,500.000
1,000
4gEquip, trusts, g., $500,o00 y'rly, beg. 1905. FP.c*
1903
1,000,000
yearly. FP
4gSeries A, due $100,000
do
1903
1,000,000
4 k.
Series B
do
1902
250.000
M.,g.,gu.p.&Lend.GP
1,000
Norrist. <t Main L. Con.— 1st
£«•
223
100
4,000,000
7
/forth Carolina—Stook, 7 per oent rental
50
86
4,799,550
8
gu.§90 yrs., $6,000,000 auth.
No. Penn.—Stk., 8 p. o.
56 1866 500 &0.
1,500,000
4
OJi 2d M., now 1st M.( 7s extended In 1896). ...o
cfcr
86 1873
4,500,000 33jo g.
Gen'lmort., extended In gold in 1903
1881
r
1,200,000
Oonsol. bonds secured by $1,200,000 stock.
1898
390,000
4
Funding loan bonds, $409,000
19,895
Real estate morts. and ground rents Dec, 1903
26 1890
1,000
400,000
5 g.
No. East Penn.— 1st M., g., gu.P.&R. (end.) «u *»o*
1.000
107 1896
1,650,000 Bee text.
North'n Ala— 1st M ($350,000 are prior lien). K.o
100
83
3.068,400 See text.
Northern, (N. Ej—Stock, 6 p. o. rental
50 11,462,300 8 in 1903
Northern Central— (Stook $20,000,000 authorized)
14*5
1855 $"&"""
1,500,000
6
1st mort., State of Maryland loan— V. 74, p. 1197
145 1874-5
198,000
6g.
Oonsol. gen. mort. ( gold, s.f., dm. at 100, A&B.o
145 1876-7 $1,000
o
2,000,000
6g.
of 1874. gold, se-^ gold, $, C & D.FP
4i*g.
145 1885
o
1,000
1,757,000
onres all equally, (gold, E
? & "B" (A $2,565,000) .FP
145 76&82 1,000
3,565,000
5
2d gen. M., series "A
100
1,000,000
4
North'n of New Jersey— Stock, guar, (see V.69,p.81)
"21 1887 100 Ac,
o
654,000
6
3d mortgage, now 1st, interest guar
1900
1,000
4iflg.
154,000
Gen. M., $1,000,000, g., Int. gu. by lease. Usm.o*
.
.
[Vol. lxxyiii.
.
. .
'
J.
F.
M.
A.
F.
Dee. 18, '03. Hi
D. Office, Philadelphia.
Feb. 19, '04,2%
do
do
A.
N. N. Y., Meroant. Tr. Co. May 1, 1931
Apr. 1, 1932
do
do
O.
Feb. 1, 1934
See text.
A.
N. N.Y., Mercantile Tr. Oo. Nov. 1, 1989
do
Oot. 1, 1996
do
O.
do
do
Deo. 1, 1941
D.
J. N.Y., Metr'p'lit'nTr.Co. Jan. 1, 1922
8. Phila.. Fidelity Tr. Co. 8ept 1, '05-11
Dec. 31, '04-12
do
do
J.
&
&
<k
&
&
&
&
J. &
&
J.
M. &
M.
A.
J.
<fe
M."&'s
Phila.,
Read'g Termin'l Sept.
1,
1952
Burlington, N. C.
Feb. 1, '04, 3>«
& A.
Q.—F. Phila. Of., 240 So. 3d St Feb.25,'04, 2%
do
do
May 1, 1936
M. & N.
do
do
Jan. 1, 1953
J. & J.
do
do
Sept. 1. 1905
M. & S.
do
Nov. 1, 1928
do
M. & N.
A. & O. Phila., Phila. & Read'g. Apr. 1, 1920
J. & J. N.Y., J. P. Morgan* Co. July 1, 1928
Boston, 19 Milk «t.
Apr. 1,'04,1»«
Q.-J.
J. & J. Baltimore, Treas. Office Jan. 15/04,4%
Annapolis.
Irredeemable.
Q.-J.
J. & J. London and Baltimore. July 1, 1904
J. & J. Baltimore, Treas. Office, July 1, 1904
do
Apr. 1, 1925
do
A. & O.
J. & J. Baltlmore.Treas. Office. Jan. 1, 1926
Q.-M. N. Y., 21 Cortlandt St. Mar.. 1904, 1%
do
do
July 1, 1917
J. & J.
do
do
Jan. 1, 2000
J, & J.
F.
North Pennsylvania RB.—Owns irom .Philadelphia, Pa., to
Bethlehem, Pa.. 56 miles; branohesto Delaware River, &c, 31 miles;
second track, 54ia miles; total track, 227 miles.
Ground rents
July 1, 1903, $47,854. Leased for 990 years from May 1, 1879, to
1904.
Dividends, p. c. ) 1897. 1898. 1899. 1900. 1901. 1902. 1903.
Phila. & Reading RR. at 8 per oent on stook, and lease assumed In
Feb., 2%
3% 4% 4% 4% 4% 4%
Preferred
£ 1%
1896 by Phila. & Reading Railway. The $4,500,000 general 7s, due
2% 2>*% 3
Common
)
Jan. 1, 1903, were extended at maturity In gold for 50 years at 3819
In 1902, on common, June, 1 p. c; Dec, l»s p. c; in 1903,3 p. o.
per oent. V. 73, p. 1160; V. 75. p. 1354. Current liabilities June 30,
Bonds.—The first consolidated mortgage of 18961s limited to $62,- 1903, $342,274.-(V. 73, p. 1160; V. 75, p. 1354; V. 78, p. 821.)
500,000, the balance unissued being reserved to retire the underlying
North-Fast Pennsylvania RR.— Owns road from Glenside to
bonds. The right to issue prior lien bonds has been annulled. V. 73,
New Hope, Pa., 26 miles. Controlled by Reading Company. Capital
p. 502; V. 74, p. 151; V. 75, p, 505; V. 77, p. 1785; V. 78, p. 229.
The 4 per cent first consols are a first mortgage on a large Stook, $400,000, of whioh $318,950 owned by Reading Co. par, $50.
Northern Alabama Ry.— Sheffield to Parrish, Ala., and branches,
part of the system, viz., about 853 miles of railroad; upon imupon the Ohio 119 miles. In April, 1899, a majority of stook and bonds purportant terminals at Norfolk and Lamberts Point
River Bridge and the Roanoke Machine Works besides being a chased by the Southern Ry. V. 68, p. 824, 873. See also V. 69. p. 391.
Stook Is $2,000,000. Under supplemental mortgage of 1898 $400,
consolidated mortgage upon the remainder of the system, subThey are further secured by the 000 of the outstanding $1,700,000 1st 5s were made prior liens. Reject to the undisturbed liens.
squipment (costovei $11,000,000), oovered bythe car trusts and equip- maining $1,300,000 general lien bonds bear interest for two years
ment bonds taken up under the plan. See abstract in V. 64, p.|376. from July 1, 1898, at 2 per oent, then 3 per oent for two years; thereafter 5 per cent. V. 67. p. 1208.
In year ending Jane 30, 1902,
V. 72, p. 137.438,532,723,1080; V. 75. p. 505; V. 76, p. 1408.
TheN. & W.-Pooahontas joint bondB are seoured by about 295,000 gross, $408,161; net, $57,689. In 1900-1 net, $54,898.— (V. 69, p. 28.
acres of coal lands owned and held by the Pocahontas Coal & Coke Co.,
Northern (New Hampshire) RR.—Owns Conoord, N. H., to
whose stook is owned, of whioh about 50,000 acres have been leased to White River Jot., Vt., 70 miles branoh to Bristol, N. H., 13 m total,
companies whose stock is all owned by the United States Steel Corpor- 83 miles. Subsidiary lines, Conoord & Claremont RR., 71 miles; Pe
ation and 39,797 to other concerns, the royalties under such leases terborough & Hillsborough RR., 19 miles. Lease to Boston & Lowell
alone being shortly expected to be sufficient to almost meet the fixed tor 99 years from Jan. 1, 1890, was assigned to Boston & Maine; rental
oharges. They are subject to call at 105, beginning 1906, for a sinking was 5 per cent on stook till July 1, 1897, and now 6 per oent, payfund of 2»« cents per ton mined. V. 73, p. 845, 902; V. 74, p. 41, 380, able In gold. Until July, 1897, 1 p. 0. extra was paid regularly from
1197; V. 75, p 502. These bonds are the joint and several obliga- contingent fund. Also In 1894, Jan., 5 p. c extra was paid; in 1896,
tions of the Railway Company and of the Coal & Coke Co.
July, 2 p. 0. extra; In 1897 5 p. 0. extra.— (V. 65, p. 463).
The equipment trusts of 1902 ($3,500,000) were issued on new
Northern California Ry.—See Southern Pacific RR.
equipment costing $5,000,000. V. 74, p. 681; V. 75. p. 502. In April,
Northern Central Ry.—Owns Baltimore, Md., to Sunbury, Pa.
1904, $2,000,000 of 4 p. c equipment notes were sold. V. 78, p. 1447.
137 miles, of which 132 miles double track—branoh, 9 miles leases—
For description of funded debt, see V. 75, p. 504.
General Finances.—The reorganization reduced the fixed charge* Shamokin Valley & Pottsvllle RR., 38 miles; Elmira & Williamsport
from $3,214,037 to $2,218,450, a reduction of $995,587, making the RR., 76 m. operates at oost—Elmira & Lake Ontario RR., 100 miles;
annual charges ahead of the new common stook smaller than those Lykens Valley RR., 19 miles also since June 1, 1902, York Hanover
ahead of the old preferred stook. Of the traffic In 1902-1903 56 per & FTederlok RR., 56 m.; York branoh Penn. RR., York, Pa., to Columbia, 13 m.; total, 450 miles. Also uses N. Y. L. E & W. tracks, 7 m.,
oent (7,894,636 tons) was bituminous coal and coke.
and Phila & Erie, Sunbury to Williamsport, 40 miles. The Northern
As to Pocahontas bonds of 1901, see above.
Central Connecting RR. Co., incorporated on May 12, 1903, with $350,Earnings— For 8 months ending Feb. 29
000 authorized stock, is building from aoonneotion at Selinsgrove Jot.
Gross.
Net.
Int., taxes, <6c. Bal., sur.
1903-4
$14,847,260 $5,562,633 $1,810,404 $3,752,229 to the main line of the Pennsylvania RR. at or near Aqueduot Station,
1902-3
13,417.158
5.308,928 1.700,640
3,608,288 Pa., 35 miles. V. 78, p. 773.
Organization.— A consolidation of several roads In 1854 Con
Annual Report.— Fiscal year ends June 30. Annual meeting Is
held at Roanoke, Va., on second Thursday in October. Average rate trolled by the Pennsylvania RR., whioh owns a majority of the stock.
per ton mile 0-486 cent in 1902-1903, against 0-463 in 1901-02; average The stockholders in Nov., 1903, authorized peipetual lease to or
merger with the Pennsylvania RR. Merger with the Cumberland
load of revenue freight, 486 tons, against 476. Report for 1902-1903,
Valley Ry. was also reported to be proposed. -(V. 77, p. 1875
V. 77, p.625, 642 (see editorial p. 607) showed
1902.
Securities Owned On Jan. 1, 1904, among the assets held were
1901.
1900.
1899.
Tears end. June 30—
Phila. Bait. & Wash, stook (par) of $352,200; Elmira & Lake Ontario
$
$
$
$
Miles June 30
1,722
1,685
stock (all), $1,500,000; Shamokin Valley * Pottsvllle stook. $619,650;
1,567
1,555
Passenger earnings
2,841,491 2,379,476 2,046,455 1,857,305 Union RR. stook, $1,225,000 (the baL of $875,000 being held by Phila.
Freight earnings
17,676,349 14,594,281 13,214,164 11,753,062 Wllm. & Balto.),etc Also the following, mostly aoqulred in 1900; Ches.
Mall, express, &o
642,836
578,449
524,824
480,638 & Ohio stook. $1,500,000; Bait. & Ohio pref. stook. $1,000,000, and
Total gross earnings. 21, 160,675 17,552,206 15,785,442 14,091,005 oommon, $781,500; Norf. & West. pref. stook, $500,000, and common,
Operating exp. & taxes ..12, 697,430 10.136,227 9.445,459 8.50 1.096 $1,000,000; Erie & West. Transportation Co. stook, $500,000.
Stock.—Authorized Issue was inoreased in Feb., 1900, from $8,000.Total net earnings.
8,463,245 7,415,979 6,339,983 5,589,909
Total net inoome.
8.611,504 7,490,873 6,408,600 5,663,471 000 to $12,000,000; Penn. RR. on Jan. 1, 1904, owned $6,267,950.
The stockholders In Nov.. 1903, voted to increase the authorized stook
Interest on funded debt; 2,435,690 2,352,402 2,238,480 2,257,239
Interest on car trusts
625
5,375
11,238
16,400 from $12,000,000 to $20,000,000, the new stook to be Issued from time
to time for improvements and to retire maturing bonds. V. 77. p. 1875.
Def. lnt.Poo.C.& C. bonds
159,176
161,230
Dividends on pref
(4)914,818 (4)910,014 (4)909,924 (4)909,748
DivTD'DS — ) 1888. '89. '90. '91. '92. '93. '94 to 1900. 1901 to Jan.'04.
Dividends on com
(3)1,934,076(2)1,289,384 (1)644,692
Per oent... I 7
8
7
7
8
8
7 yearly
8 yearly (J&J)
Miscellaneous
135,000
10,000
1,051
1,520
Earnings.— 2 mos., S1904..
Gross, $1,416,915; net, $98,612
Betterment fund
2,500,000 2,500,000 1,500,000 1,500,000
Jan. 1 to Feb. 29. 1 1903
Gross, 1,574,515; net, 287,112
Flood fund
250,000
Annual Report.— Flsoal year ends Deo. 31. President's report for
DlsooinLeto
347,078
80,392
31,185
470,266
1903, given at length In V. 78, p. 764, 772, 985, showed the following
Balance
sr.l85,041sr.l82,076sr.$822.030sr.$507,938
Fear end. Dee. 31—
1903.
1902.
1901.
1900.
450
450
381
381
Officers— President. L. E. Johnson; Chairman of the Board of Di- Mllesofroad
$10,310,086 $8,456,685 $8,266,958 $7,845,412
rector, Henry Flnk,27 William Mt., N. Y.; Sec, A. J. HemphilL Gen- Gross earnings
Net earnings
2,336,208
2,351.590
2,511,969
2,347,874
eral oilioe, Arcade Bldg., Market & 15th streets, Philadelphia, Pa.
Other receipts
57 5.608
594,306
632,194
799,505
Dlrpctor».— Henry Fink and Victor Morawetz. New Toik: L. E. JohnsonItoenoke, Va.; 8. Si. Prevost, Samuel Itea, N. Parker Shortridsre, W. H. Barnes.
Total net Inoome.. $3,135,713 $2,927,198 $3,106,275 $2,980,069
Joseph I. Doran and John P. ureen, Philadelphia; James McCroa. Plttshuru:
Rentals,&o
494,760
507,777
464,912
535,619
Waller H. Taylor, Noriolk, Va.
Interest on debt
591,105
535,905
530,187
651,116
—(V. 77, p. 642, 824, 1534, 1875; V. 78, p. 49. 229, 288, 343, 1447.)
Dividends
(8)916.980 (8)916,980 (8)916,980 (7)684,033
Norrlttown & Irialn Line Connecting RK,-Owns road Taxes and mlsoel
212,979
*495,775
136,969
93,157
feet long, including bridge over Schuylkill River, extending
Extraordinary
8,406
908,484
700,000
613,525
1,101,039
from Norristown to a connection with the main line of the PhiladelBalance, surplus..
$11,405
$129,567
None
None.
phia & Reading at a point above Bridgeport, Pa. The Reading Co.
* Includes
owns all the #50,000 stook and guarantees the bonds, prinoipal and
$397,926 " extraordinary expenditures not properly
Interest, by endorsement.— V. 75, p. 1148.
chargeable to capital account." (V. 78, p. 764, 772, 985.)
North Carolina Hit.— Owns from Goldeboro to Charlotte, No
Northern Consolidated Holding: Co.—See page 1747.
Carolina, 221-65 miles; Oaroleigh Jot., N. 0., to Carolelgh Mills 1-90
Northern RR. of New Jersey.—Owns from Bergen, N. J., to
m.; total, 22355 m. Leased from Jan. 1, 1896, to the8outhern Ry. Co
Sparkill, N. Y. 21 miles; leases Sparkill to Nyaok, 5 miles. Leased
for 99 years at $266,000 (O^n p. c on stock) per year till Deo. 31 1901
to the Erie RR. from June 1, 1899, for the term of its corporate existand $286,000 (equal to 7 p. o. on stook) balance of lease; also taxes! ence, for interest on bonds, 4 per oent on $1,000,000 stook, payable
V. 63, p. 361. State of Nor. Car. holds $3,000,000 stooks. (V. 66, p. 665)
quarterly, taxes, and all corporate expenses. Of the $1,000,000 new
Stock.— Provisions of preferred stock certificates were given in Surplement of April, 1897, page 4, said stock being 4 p. o. non-cumulative,
with preference as to assets and dividends.
;
;
;
;
;
;
;
—
. .
.
:
RAILWAY STOCKS AND BONDS.
Apr.. 1904.J
RAILROADS.
.
For explanation of oolumn headings,
on first page of tables.
<fco.,
JMlle8
see notes of
of
Road. Bonds
No.Ohio— 1st M., g. ($15,000 p. m.) gu., p.<fc l.Ce.o* 167
Northern Pacific Ry.—Stock, $155,000,000
60^
Western RR. Minn. 1st M., gold, assumed
182
St. Paul & N. P. Gen. M., I'd grant, aes'd.Ce.o*<fer
New mortgages of Northern Pacific Ry.—
Prior lien M. $130,000,000 gold, ld.gr.UIe.o*<fer 8ee X
F o*&r See
Gen. lien M. $1 90,000,000, g. land gr
226
St. P.-Dul. Div. pur. money M., $2O,O00,0OO.G.o*
. . .
,
Date
t
1895
1877
1883
11
t
gu.
under
lease, ourr'cy...o<fer
Par
v*lue.
Amount
Outstanding
1897
Hoiuu— PrincINTEREST OR DIVIDENDS.
pal.WhenDne.
Rate per When Where Payable, and by Stocks— Last
Whom.
Dividend.
Cent Payable
A. A O. N. Y.. Chase Nat. Bank. Oct. 1, 1945
$1,000
$2,500,000
Feb. 1,*04, 1»*
New York.
100 155,000,000 7 in 1903 Q.-F.
M.3*&N4
May 1, 1907
do
1,000
7
352,000
Feb. 1, 1923
do
1,000
6g.
H
8,021,000
1896 500 &o. 101,892,500
1S!H5 500 &o. 60,000,000
1900
1.000
•7,925,000
1901 l,000&o 215,207,000
1877
1,000
280,000
C.B.&Q. col.tr.M.,*. (red.aft.Jan.'06 at 105) So&r
"l5
1st M.Mtnn.A DuL.MinmtoW.B.Lake.K.ass'd FP'
Bonds Underlying St. Paul <fe Duluth Div. Mort GAGE.
167 1881
o*
St. Paul & Duluth 1st mortgage, assumed
167 1887
o*
2d mortgage, assumed. Ce
21 1884
Taylor's F. & L. Sup., 1st M., s. f. not dr'n.Ce.o*
25 1886
Duluth 8. L. IstM, p. <fe 1., s. f. not dr*n.Ce...c"
Consolidated mort., ass'd, $5,000,000, g.Mp.c* 238 1898
'98-'99
Car trusts, including Interest, Joly, 1903
1883
North'n Pac. Ter. Co.— IstM., gold, red., atllO.F.o*
Northern Railxoay (Oal.)—See Southern Pacific RR.
Northern Securiies—Btoo'k., $400,000,000
:
No. Shore RR.—'S. Pao. Coast, gen. M. (now lst),g.c 90 5 1892
1902
New No. Shore M., $6,000,000. g., s. f. beg.'12.c*
1893
Northwestern Coal Ry.— 1st M., guar, end., g.F.o*
65 1899
Northwestern RR. of So. Oar.— 1st M., $375,000...
72
Morwich <t Worcester— Fret, stock, 8 p. o. rental
Bonds (not M.),lnt.
Size, or
1677
1,000
1,000
1,000
1,000
1,000
1,000
t g
3 g.
-
*g4
5
5
6
5
4
F.
A.
J.
M.
g.
J.
6g.
J.
4is&5
100 395,400,000 4i«ln*03
100
D.
New York.
N.
A
do
do
A A.
& O,
& J.
A 8.
& D
& J.
Q.-F.
A J.
5g- M. & N,
.* M. & N.
A. & O
Q.-J.
8
M. & S.
4
1,498,000
1,850,000
3,000,000
1.200,000
1,000
J.
g-
7g. M.
1,000,000
2,000,000
210,000
500,000
1,000,000
177.677
3,641,000
1,000
1,000
1,000
1,000
Q.-J. N.Y.,J.P.Morgan&Bert Jan.
Jan.
do
do
Q.-F.
t
5
794,000
285,000
g.
J.
N. Y., J. P.
Northern Ohio Hallway.— (See Map Lake Erie <& Western.)—
Owns Akron to Delphos, O., 165 miles; branches, 2 miles. Leased
In perpetuity to L. E. & W., whioh guarantees the bond's. V. 62, p. 826.
Stock.—Common stock (all owned by L. E. AW.) $3,580,000; prestook, $650,000; par of eaoh $100.
is for $4,000,000 of whioh $1,500,000
unissued are limited to $15,000 per mile of completed road hereafter
constructed or purchased. Operated as part of L.E.& W. V.66, p. 337
Northern Pacific Railway.— (See Maps.)—Operates one of the
leading lines to the Pacific, having its eastern termini at St. Paul,
Minn., and Dulnth, Wis. (the head of Lake navigation), and running thence westerly, traversing the great wheat belt of Minnesota
and North Dakota, the mining distriot of Montana and the farming
country of Washington to Taooma and Seattle, and to Portland, Oregon, with branches to Winnipeg, etc. The system comprises
Miles.
Leased to others.
Miles.
Main line.
To other companies
Ashland, Wis., to Portland,
9
354
Ore. (incl. 5 m. terminals) .2,171 To Province of Manitoba
Not operated
26
Brainerd and Staples to St.
ferred non-cumulative 5 p.
o.
Bonds.— The first mortgage
181
412
Paul
Other lines
Total main line
Various branches
2,764
2,352
Total owned
5,505
Controlled properties.
Wash. & Col. River,
11163
Minn. & Intern. ( V.77, p.451) 1 37
Other companies
Total
171
owned (operated
Total system July 1, 1903.. ..5,976
8econd track
78
The Manitoba branches, aggregating 354 miles, were leased for 999
years from May 31, 1901. to the Provincial Government and sub- let by
the latter to the Canadian Northern Ry. at a rental of $210,000
annually for the first 10 years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter $300,000, with the option of purchase at any time for $7,000,000. V. 73. p. 610. In Jan., 1902, purchased branch from Minneapolis to White Bear Lake, Minn., 15 miles,
formerlv leased, assuming $280,000 bonds. V. 74, p. 94.
On July 1, 1900, the St. Paul
Duluth RR., St. Paul to Duluth,
etc., 238 miles, was merged, its bonded debt being assumed. V. 70, p.
1250; V. 71, p. 648.
On June 30, 1903, 291 miles of branches and extensions were under
construction. V. 77, p. 1222; V. 75, p. 849, 1355.
History.— This Wisconsin oompany on Sept. 1, 1896, succeeded to the
railroads, land grant and other property of the Northern Pacific RR.,
foreclosed in July, 1896, and reorganized per plan In V. 62. p. 550.
The original Northern Pacific Company was chartered by Congress
July 6, 1864; 450 miles to Bismarck were foreclosed in 1875.
Stock.—The $75,000,000 preferred stook was paid off at par on Jan.
1, 1902, the common being increased from $80,000,000 to $155,000,000 V. 73, p. 1062, 1160; V. 74. p. 41; V. 78, p. 1223.
In October, 1902, 99 per cent of the capital stook had been acquired
by the Northern Securities Co. (see that co. below), which in March,
1904, was adjudged an illegal combination by the United States Supreme Court and ordered to liquidate. V. 72. p. 1081; V. 73, p. 138,
185, 1011, 1062, 1161, 1357; V. 74, p. 681. See V. 78, 1223, 1393,1447,
1497.
Dividends (p. o.)— )1898 1899 1900 1901 1902 1903
1904
On common
2
i
4
5^
7 Feb-.l^
5,116
directly)
See this oompany.
H
&
S-
On
pref.
(now
In 1903 6 p.
p. o.
retired) )
o.
(paid
Ha
5
4 4(Q.-M.)
p. o. Q.-F.),
4
(Final)
and In Feb. and Nov., 1903,
i«
eaoh extra.
Bonds.— Abstracts of the new Prior Lien and General Lien mortgages of 1896 were in V.63, p. 1012-1019, and the statement to New
York Stock Exchange, was in V. 63, p. 1072, showing:
Prior lien 4%s purchasable with land sales at not exceeding llO [but not subjeot to call], not over
$500,000 cash yearly to be eo applied. Total issue
$130,000,000
Issued and outstanding.
tOI,8Q2 tSOO
Reserved to retire St. Paul & N. P. and West RR. bonds..
8tfi3,ooo
For new construction, betterments, equipment, etc., under
carefully guarded provisions, but notexoeeding $1,500,000 per annum. Originally $25,000,000—still held
16,000,000
Of the $190,000,000 general lien bonds, $130,000,000 are reserved
to retire the prior lien bonds at maturity and $4,000,000 for new construction, betterments, equipment, eto.
The 8U Paul & Duluth Divxsion mortgage secures $20,000,000 purchase money bonds on the former St. Paul & Duluth, of which $9,215,000 were Issued to acquire the road, $5,283,000 are reserved to retire
existing St. P. & D. bonds and the balanoe for improvements to the
property. V. 70, p. 1250; V. 71, p. 1167. The lands inoluded In the
grant of the former St. Paul & Duluth are estimated to be worth
about $4,000,000, and were not covered by the old mortgages. They
are to be sold and proceeds applied to purchase of the bonds at not
over 105 and interest, or if not purchasable at that price, then to betterments, Improvements or additions to the mortgaged premises or
equipment therefor. To July, 1903, $1,930,000 had been thus purchased and canceled. V. 71, p. 1167; V. 72, p. 339.
do
do
do
do
N.Y.Wlnsl'w.Lan'r&Co
1921
1907
1931
1917
1914
1916
1968
To 1909
Jan. 1. 1933
1,
1,
Jan. 1,
Sept. 1,
June 1,
Oct.
Feb. 2, '04, l»s
Checks mailed.
San Fran., Co.'s Office Jan. 1, 1912
N. Y. & San Francisco May 1, 1942
N.Y., Farm's L. 6 T. Co. May 1, 1928
Bait., S. Dep. & Tr. Co. Apr. 1,1949
Meoh. Nat. Bk., Wore Apr. 1,'04, 2%
Boston, Co.'s office.
Mch. 1, 1927
Coupon bonds F. & A.; registered bonds Q.— F. & Coupon bonds J. & J.; registered bonds Q.-J.
420 marks per dollar. J 5,130 miles, including 40 miles not operated; spurs, 261 miles. * $331,000
V. 75, p. 849; V. 78, p. 288.
Jan.
1997
2047
1996
Morgan & Co. Aug.
do
do
do
do
Berlin at
4*3 per cent general mortgage bonds, guaranteed by the Erie, $654,000 are reserved to retire the 6s due July 1, 1917, and the remainder
for Improvements and betterments or equipment for operation by electricity of the leased properties. SeeV. 69, p. 81.— (V. 71, p. 30.)
North. Ry. Costa Rica.—See V.71, p. 1067, and United Fruit Co.;
Deo.
July
1,
1,
1,
1,
1,
add'l In treasury
Land Grant.— The land grant was 12,800
June
30,
1903
acres to the mile in the
and Oregon and 25,600 acres per mile in the (then)
Intermediate territories. The acres on June 30. 1903, not yet sold were:
147,776 Washington
3,093,113
Minnesota
35,290 Oregon
76,342
fcorth Dakota.
10,758,414
Montana
Total westof Mo. Rlv.15,616,911
1,493,719
Idaho
Land sales in year 1902-03 aggregated 2,309,141 acres; net amount
received from sales and land oontraots, $5,393,895.
General Finances.—The fixed annual charges of the property as
then constituted were reduoed $4,770,206 by reorganization of 1896.
In 1901 the Northern Paciflo and Great Northern acquired $107,603,500 of the $111,142,800 stook oi the Chicago Burlington & Quincy
RR. in exchange for their Joint 20-year 4 per «ent gold bonds
secured by the deposit of the stock in trust, on the basis of $200 In
bonds for eaoh $100 stook. See circular, V. 72, p. 871, 1034, 1135;
States of Minnesota
I
I
application to list, V. 73, p. 294; V. 73, p. 610.
On Jan. 1, 1901, voting trust was dissolved. V. 71, p. 1013, 1016.
Earnings—For 9 mos. ending Mar. 31, 1904 Gross, $36,048,100,
against $35,638,131 in 1902-03.
Annual Report.— Report for 1902-03 in V. 77, p. 1222, edit. p. 1198
1901-2.
1900-1.
1899-0.
1902-3.
Irs. ending June30.
5,019
4,714
5,111
5,100
Aver, miles operat.
Passenger earnings. $10,595,447 $9,177,509 $7,247,000 $6,219,996
Freight earnings.... 33,301,958 30,227,013 23,481,713 22,140,180
1.661,142
2,244,700
1,982,853
1,832,27
Mail, express, &c...
Gross earnings.. $40,142,105 $41,387,380 $32,560,984 $30,021,318
Net earnings
$22,110,012 $20,098,966 $15,920,840 $15,626,690
:
Taxes
$1,421,434 $1,149,890
$920,352
$850,590
150..V43
120,742
134,690
112,852
3,000,000
2.011,285
3.000,000
3,000,000
Netoperat'ginoome.$17,538,035 $15,828,333 $12,854,513 $11,663,247
843,765 _ 743,787
MlsoeL.exol.land Bale s 1,112,551 _
685,521
Bal. for interest
$18,650,586 $16,672,098 $13,598,300 $12,348,768
Interest
6,904,696 $6,624,866 $6,395,681 $5,864,950
Div.onpref. stook
(2(1,500,000(4)3,000,000 (4)3,000,000
Div. on com. stck(6ifl) 10,074,944 ( 5)6,999,946 (4)3,200,000 (3)2,400,000
BaL.sur.foryear $1,670,946 $1,547,286 $1,002,619 $1,083,819
Officers.— President, Howard Elliott, St. Paul. Minn.; Vice-President, Dan. 8. Lamont, New York; Sec, George H. Earl, New York;
Treas., C. A. Clark, St. PauL N. Y. offloe, 49 Wall St.— (V. 78, p. 1392.)
Rentals, eto
Add' us and lmp'ts..
Northern Pacific Terminal Company, of Oregon.—Owns
terminals on the Willamette River, Ore., at Portland. East Portland and
Alblna, comprising lands 270 acres, trackage 32 miles, dock frontage
7,904 feet. Station at Portland, Ore., opened 1896. V. 69, p. 230, 441.
Lease.— Leased for fifty years from Jan. 1, 1883, Jointly and severally
to Northern Pacific Oregon Ry. & Navigation and Oregon & California,
with guaranteed rental to pay Interest, sinking fund and taxes; leases
assumed In 1899 by new Nor. Pao. and Or. RR. & Nav. V. 69, p. 230.
Stock.—Stook ($3,000,000) owned by said three companies (40 p.o.)
by Oregon Ry. & Nav. Co., 40 per oent by No. Paoiflo and 20 per cent by
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink. fund, whioh is to cancel the bonds.
Bonds.—The first mortgage Is for $5,000,000; In 1904 $4,135,000 had been Issued, of which $494,000 retired by sinking fund, drawings at 110 and Interest.
V. 76, p. 159; V. 77, p. 193; V. 78, p. 288.
Northern Securities Co.—Incorporated on Nov. 13, 1901, per
plan for harmonizing the Interests of the Northwestern roads. See V.
73, p. 1011, 1062 and 1357. In March, 1904, the U. S. Supreme Court
deoiared the company to be a combination in violation of the AntiTrust Act, and therefore illeeal. V. 76, p. 811,919, 1249; V.78, p. 1168.
Stook authorized, $400,000,000; par of shares, $100. Of the Northern Pacific stook, $153,759,400 of the $155,000,000 outstanding and
$118,124,200 of the stook [$124,109,200] of the Great Northern
were acquired by the Hecurities Company in exchange on the
basis of $100 for $115 and $180, respectively, in Northern Seouritles
The stockholders voted on April 21, 1904, to reduoe
Co. stock.
the stook from $395,400,000 to $3,954*000, the par value of shares to
remain $100. In return for each 100 shares of Nor. Sec. stook owned
the holders will receive 99 times $39 27 stook of the Northern Pacific,
or $3,887 73, and 99 times $30 17 stock of the Great Northern, or
$2,986183. and a stub for 1 per cent ($100) of the original Nor. Sec.
stock owned, the latter representing the remaining assets In the treasury, pending completion of dissolution. V. 78. p 1223, 1275, 1392.
In Apr.. 1904. suit for return of original Northern Paciflo stook exchanged for North. Seo. stook was begun. V. 78, p. 1392, 1447, 1497.
Dividends.— Dividends 1902, 4 p. c; 1903. 413; 1904, Feb., 1 ^ p. 0.
Rkport— Report for 1313 months ending Deo. 31, 1902, with balance
Dividends on stocks owned,
sheet, was in V. 76, p. 1028, showing
$15,364,262 expenses, interest and taxes paid, $542,510 dividends
(4 p. o ), $14,063,645; balanoe, surplus, $758,107.
Officers.— President, James J. Hill; Vloe-Presldent, John 8. Kennedy; Second Vloe-President. George F. Baker; Third Vice-President.
D. Willis James; Fourth Vice-President, W. P Clough; Seoretary and
Treasurer, E. T. Niohols; General Counsel, W. P. Clough.
Directors.— D. Willis James. Samuel Thorne. James J. Hill, E. T. Nichols,
George F. Baker, Robert Bacon. Georue W. Perkins. Daniel S. Lamont, E. H.
Harriman. Jacob H. 3cblfl. James Stillman, W. P. Clou«h, Georee C, Clark.
John S. KennedT and N. Terhnne.
-(V. 77, p. 1294; V. 78, p. 1168, 1223, 1275, 1392, 1447, 1497.)
:
;
;
1678
RAILWAY STOCKS AND BONDS.
Vol. lxxviii.
Apr.. 1904.]
RAILWAY STOCKS AND BONDS.
1679
.
RAILWAY STOCKS AND BONDS.
1680
RAILROADS.
Miles
Size, or
Amount
of
of
Par
For explanation of column headings, &o., see notes
Road. Bonds Value. Outstanding
on first page of tables.
Nor.<6 St.L.— 1st M., $300.000,g. red.llOln 10 jrsTa
Ogden Mine RR.— Stock (5 p.o.rent.Uen. of N. J.) . .
o*
Ohio <t Ky 1st M., g., a. f., oall at 110.Ce
Ohio <t Lxttle Kanatoha Ry.—lBt M., $250,000, g.K
7»*
10
26
80
—
Ohio <e Mississippi— SeeBAhT. A Ohio Southwest.
Ohio River— let mortgage ($2,000,000), gold. FP.C
Oen. M. ($3,000,000), gold, 1st on 39 miles.FP.o*
Rav.Sp. & Glen.l8tM.,$400,000,g.,gu.,p.&i.FPo*
Huntington & Big 8. 1 st M. ($400,000) gold, gu. o*
172
209
33
11
13
,
Ripley&MiUCr.lstM.g.,gu.
p.<fci..end.FP.o*<fcr
(M..Rit^<^ W.— 1st M., $2,750,000, g.s.f. red. ,N.o*&r
o*
old Colony— Stock, 7
p.
c, guaranteed by rental.
Bonds for Framlngham
Bonds not mortgage
Bonds, not mortgage
& Lowell bonds
o
r
r
111
....
• *••
....
....
....
...
Bonds, not mort. (authorized $3,000,000), g...o*r
o<fer
Bonds, not mortgage
125
c
Boston Clin. F. A N. B. mortgage.
c<fer
Bonds, not mortgage
21
Omaha Bridge <t Terminal Ry.— 1st M. ($5,000,000)
Oregon <6 Oaf.— 1st M., g., dr'n at 100 gu. p.&i. Un.c* 670
Oregon JR.R. & Navigation,— Common stook
....
Preferred stock, 4 per cent, non-cumulative
o* 1,063
Consol. M. (now 1st) $24,500,000, gold.N
stook
....
Oregon Short Line RR.— Common
600
Or. Sh.L. lstM.,p. & 1., gold— see V.63, p.602...o*
477
o*
Utah A North'n 1st mort., $12,000 per mile
Con. M.. gu., $15,000 p. m., s. f. not dr'n.g. A Bo* 477
Con. 1st M., $36,500,000, g. (IstM. on 400m). O.c* 1,479
--.
Four p.o. and partlo. gold bonds, dm. 102i*.c*<fcr
Income bonds, Series A. 5 p. c, non-com. OB..
....
Series B. non-oum. Mo
. • •
do
Oreg. dt So. E.—lst M.. $300,000, g., red. 110, s.f.No
NB
.
•
1901 $500<fco
....
100
1896
1,000
1900
1,000
1886
1887
1890
1892
1888
1903
5
5
g.
A.
5
g.
J.
J.
1,000
1,000
1,000
1,000
1,000
1,000
2,000,000
2,941,000
376,000
303.000
50,000
5
5
100
17,408,900
498,000
750,000
4,000,000
3,000,000
5,100,000
1,912,000
1,000,000
1,277,000
18,831,000
24,000,000
11,000,000
21.475,800
27,460,100
14,931,000
4,993,000
1,802,000
12,328,000
41,000,000
7,185,000
14,841,000
300,000
1904
1,000
1884
1,000
1888
1.C00
1894 l.OOO&c
1895 1,000 fee
1880
1.000
1902
1893
1,000
1887
1,000
.••
100
100
....
1896
1,000
100
....
1882
1,000
1878
1,000
1886
1,000
1897 500 &o.
1902 l.OOO&o
1897 500 &o.
1897 500 <feo.
1902 500 Ac.
North Shore BB. (Narrow Gauge)— Owns San Franolsoo to
Cazadero, 87 miles; branches to San Rafael and Mill Valley, 4 miles;
leases to San Quentin, 3 miles; total operated, 94 miles, including
ferry to San Francisco, 6 miles. Of the road, Sausollto to Mill Valley,
Fairfax and san Rafael, 25*8 miles, was opened as a third-rail standardgauge electrlo line in Auk., 1903. V. 74, p. 1252. Successor May. 1902,
of North Pacific Coast RR., purchased by syndicate composed of R. R.
Colgate, R. M. Hotaling, William M. Pierson, C. A. Grow, E. J. De
Sabla Jr. and John Martin, V. 74, p. 94, 152. 327.
Stock issued, $6,000,000, par $100. An assessment of $5 per share
was levied July 23, 1903, payable within 30 days, to pay for Improvements, eleotrlcal equipment, etc., and one of $5 per share, payable
Nov. 15, 1903. V. 77, p. 250, 1534. Of the $6,000,000 5s of 1902
(Mercantile Trust Co. of San Francisco, trustee), the present issue is
$3,500,000. of which $1,500,000 were reserved to retire the North Paoiflo Coast 5s at or before maturity, the balance being issuable as required for extensions and improvements. V. 74, p. 1252.
Latest Earn'gs.— 12 mos.,) 1903-4. .Gross, $632,652; net, $183,505
Mar. 1 to Feb. 29.
< 1902-3.. Gross,
538,435; net, 192,685
Surp. over 12 mos. charges, $11,050 in 1904, agst. *57 ,994 in 1903.
For year ending Deo. 31, 1903, gross, $629,612; net, $212,853; interest and taxes, $166,203; baL, but. for year, $46,650. In 1902, gross,
$524,223; net. $183,986. President, John Martin. San Franolsco.
(V.
77, p. 251, 1534, 2159, 2339; V. 78, p. 103, 584, 1497.)
Northwestern Coal By.—Allouez Bay, Wisconsin, to Allouez
Junction, Wis., 2"53 miles, with coal wharf covering about 80 acres of
land. V. 71, p. 698. Owned by the Pittsburg Coal Co., which guarantees the bonds. See official statement, V. 71. p. 698. Capital stook,
$1,000,000. For year ending June 30, 1903, gross, $20,006; deficit
under operation, $1,686; Int. and taxes, $11,832; bal., def. for year,
—
$13,518.— (V. 71, p. 698.)
Northwest.—See Chicago
& North Western.
Northwestern BB. of South Carolina.—Wilson Mill, 8. C,
via Sumter, to Camden, 61*6 miles, of which Sumter to Camden com-
pleted 1900; branch.Mlllard to St.Paul,3-7 m.; traokage, 4-32 m.; total,
6962 miles. Stook. $100,000. Dividend 6 p.o. paid yearly, Dec, 1900,
to 1902. Year ending June 30, 1903, gross, $103,977; net, $51,806;
charges, $15,000; dividends, $6,000; bal., but., $30,806.
Norwich &, Worcester
Owns from Norwich, Conn., to
Worcester, Mass., 59 miles; branoh, Norwich to Groton, 13 miles;
total, 72 miles. Also owns entire capital stock ($500,000) of the Norwich & New York Transp. Co., operating boat line to N. Y. City. Leased
to New England RR. for 99 years from Feb. 1, 1869, and accepted by
N. Y. N. H. A H. RR. sinoe July 1, 1898; rental is 8 per cent on preferred stock.— (V. 69, p. 1194; V. 70. p. 76, 125.)
Norwood 6c St. Lawrence
Norwood to Raymondville, N.
ST., 7^ m.; opened Nov., 1901.
Stook, $100,000; par of shares, $100.
Bonds are subleot to oall at 110 Apr. 1, 1912. Year ending June 30,
1903, gross. $27,276; net, $9,429; int. and taxes, $5,317; bal., sur.,
$4,112. Pres.. Chas. H. Remington, Treas., Warren F. Howe, Watertown, N. Y.— (V. 74, p. 1090.)
Nypano
V. 63, p. aao; V. 67, p. 223.
Ogden mine
Owns Nolan's Point (Lake Hopatoong) to
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from
Jan. 1, 1882, to Central RR. of N. J. for 5 p. o. per annum on oapital
stock and $500 yearly for organization expenses.
BB.—
BB.—
BB.—
BB.—
Ogdensburg 6c Lake Champlaln By.—See Rutland RR.
Ohio Connecting BB.—V. 75, p. 981, 1400; V. 76, p. J19.
Ohio A Kentucky By.—Owns from Lex. A East. Ry. at Jack-
son, Ky., to cannel coal fields In Morgan Co., Ky., 26 m. Operated by
Lex. A East. Ry. for 5 years ending June 1, 1904.
Com. stook, $200
000; pref. stock, $100,000; bonds as above, $250,000; Junior securities
to be taken by stockholders, $175,000. The bonds are guaranteed by
the Kentucky Block Cannel Coal Co. Year ending June 30, 1903 net
earnings were $32,820. Pres., W. de L. Walbrldge, 1 B'way, N. Y.
-
Ohio &
Little
Kanawha By. —ZanesvlUe, O., to Marietta, etc..
80 miles. V. 69, p. 907. Acquired by Bait. A Ohio, which nas pledged
under its Pittsburg Lake Erie <te West Virginia mortgage $585 000
common and $824,000 pref. stock. V.73, p. 1264. Stook, outstanding
common. $918,000; preferred, $1,167,500. In year 1901-02. K^obb,
«"«-«'. gross
$188,718; net, $43,rtl.-(V. 73, p, 1161, 1264.)
Ohio Blver
(See B. <• O. Map.)— In July, 1901, purchased
by the Bait. & Ohio RR., whioh has pledged $5,884,400 of the $5,915 430 capital «tock as part security for Its own Pitts. L. E A
Va 4s
Report.- Year ending June 30, 1902, gross, $1,559,152; net, $585 942; Int. $25'i,536; bal.. sur., $31*3,406. Earnings since July 1, 1902
'
are Included in those of B. & O. Report for 1900 In V. 72 n ' 985
V
'
-(V. 72, p. 985; V. 73, p. 83,237,287.)
Ohio Blver 6c Western By.— Seepage 1747.
Old Colony BB. (IT1 ass.)—Owns road from Boston to Provinoetown, Mass., Newport, R. I., eto., 508 miles; leases. 108 miles.
Lease.— In 1893 leased to the New York New Haven & Hartford
for 99 years. About $5,500,000 of the stook. Included In table above
Is held by the lessee. The lease provides for dividends of
7p o per
annum on stook not exohanged. V. 56. p. 247. 374. Stock author
lzed. $20,000,000. In Feb.. 1903, $650,000 additional stook was authorized raising amount to $17,408,900. V. 76, p. 480- V 78 I) 103In June, I902,lssued $1,000,000 of 3*q per cent bonds. The stockholders on Sept. 29, 1903, authorized the Issue of $1,248,000 bonds to re
BB.—
W
Bonds—PrinciINTEREST OR DIVTDEND8.
pal, When Due
Rate per When Where Payable, and by Stocks— Last
Whom.
Dividend.
Cent Payable
$100,000
450,000
250,000
228,000
....
5g. M.
g.
g.
6g.
6g.
6
g.
5g.
(t)
[Vol. lxxviii.
7
4
4
4
4
4
5
J.
A.
F.
J.
F.
F.
A.
3**
5
5
g.
4% in '03
<fc
&
A
A
A
A
A
A
O. CityN.Bk,Wat'rt'n,N.Y
J. Phila., 608 Chestnut St.
N. Y., 1 Broadway.
J.
B. N. Y., Kniok. Trust Co.
D.
O.
A.
J.
A.
A.
Q.—J.
J.
J.
g.
&
A
A
A
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&
A
&
F.
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J.
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<fe
&
&
&
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J.
J.
A.
D.
J.
J.
J.
J.
J.
N.Y., Central Tr. Co.
do
do
Apr. 1. 1933
Jan. '04, 2*s%
July
Mch.
1,
1,
1926
1950
June
1,
1936
do
do
Apr. 1, 1937
Aug. 1, 1920
New York or Phila.
July 1, 1922
Phila.. E. W.Clark A Co. Aug. 1. 190»
N.Y..N.Y 8ec,&jTr. Co. Feb. 1, 1933
Boston, Office.
Aor.l, '04, 1%
do
Dec. 1, 1S25
do
July 1, 1904
do
Jan. 1, 1938
do
Feb. 1, 1924
do
Deo. 1, 1925
Boston, N. E. Trust Co. Jan. 1, 1910
Treas. office, Boston.
July 1, 1932
Prov. L. A T. Co., Phila. Feb. 1. 1943
N. Y„ South Pacific Co. July 1, 1927
N. Y. Office, 120 B'way. July 2, '98, 1%
do
do
Jan. 2, '04, 2%
4 g- J. A D. New York & Germany
mostly o wnedby Union Pacific.
6 g. F. A A. N. Y., 120 Broadway
do
do
7
J. A J.
do
do
5 g. J. A J.
do
do
5 g. J. A J.
do
do
See text F. A A.
do
do
5 p. o. in Sept. '03
do
do
4 In 1903
Oct.
5
g.
A.
&
O. N. Y., No.
June
1,
1946
Feb.
July
July
July
1,
1,
1,
1922
1908
1926
1946
1927
1946
1946
1922
Aug.
July
July
Apr.
Amer. Tr. Co
1,
1,
1,
1,
1,
fund bonds maturing Apr. 1 and July 1, 1904. In Apri 1904, $498-.
000 4 p c. debentures were issued to refund 4*as then maturing. V.
78, p. 989, 1110; V. 77, p. 824.— (V. 76, p. 480, 594, 654; V. 77, p 824;
1
,
V. 78, p. 103, 989, 1110.)
Northwestern BB.—Buna to Orange, Texas, 30
Extensions are proposed, making 385 miles In all, Including
one from Buna to Shreveport, 150 miles. Stook authorized. $400,000;
outstanding Jan., 1903, $200,000. In April. 1902, the Railroad Commissioners of Texas approved the issue of $23,000 bonds per mile on 30
miles. For year ending June 30, 1903, gross, $43,117; def. under op-
Orange
&
miles.
eration, $7,377.
President, L. Miller; Sec and Treas.. W. W. Reid;
Gen. Mgr., C. W. Hole. Office, Orange, Tex.— (V. 76, p. 1144.)
(See Map Southern Pae.) —Portland,
Oregon 6c California
Ore., to California State line, 367 miles Albany Juno, to Lebanon, 12
miles; Portland to Corvallis, 97 miles; Woodburn to Natron. 93 miles:
Portland, Ore., to Alrlee, Ore., and branch, 85 miles; Mohawk Jot. to
Wendllng, 16 m.-, traokage, 2 m. Total, 672 miles
Lease, etc.— Leased to Southern Paoiflo Co. for 34 years from August
1,1893, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any deficit after payment of charges. Betterments are payable by lessor. Southern Pacific
owns all but $75,000 of the $19,000,000 stook, $12,000,000 of which
is 7 p. o. pref. V. 72, p. 287. Due So. Pao. Co. June 30, 1903, $5,288,655.
Bonds.—Land grant was about 4,000,000 aores, part of whioh Is
covered by the mortgage, proceeds of land sales going to redeem bonds
(subjeot to call at par). The Southern Paoiflo guaranty of prtnoiIs printed on each of the 5 per cents.
In 1902-03 net
f>al and Interest
and sales subleot to mort. were $320,203. See V. 63, p. 754.
Latest Earnings.— 7 mos., ) 1903-4.Gross, $2,576,550; net, $913,399
July 1 to Jan. 31.
2,344,219; net, 651,434
J 1902-3.Gross,
Earnings.— Year ending June 30, 1903, gross. $4,004,983; net. $1.140,380; int.. taxes, etc., $1,255,738.— (V. 76, p. 1144; V. 77, p. 2098.)
BB.—
;
Oregon Improvement.— See Pacific Coast Co. (Mlsoell. Go's).
Oregon Ballroad 6c Navigation.— (See Map Union Pac.)— East
Portland, Ore., to Huntington, Ore., 403 m. Dmatilla, Ore., to Spokane, Wash., 245 in.; branches owned. 1,083; leases Snake River Valley RR., Waliula to Grange City, Wash., 66 m.; other, 2 m.; total,
1,151 m., oi whioh 19 narrow gauge; river division water lines, 375
miles. Ocean line to San Franolsoo, 660 miles.
Organization.— Organized in July, 1896, per plan In V. 61, p. 325
and V. 62, p. 41. Controlled by Union Paoiflo Ry., dlreotly and
through Or. Sh. Line. Owns $700,000 flrst 5s (entire issue) of Columbia Southern Ry., Biggs, Ore., to Shaniko, 71 miles. V. 73, p. 1 -<63.
Stock.—In October, 1899, the U. P. Issued Its common stook to
retire, $ for $. the $7,718,600 Or. RR. A Nav common stook not
owned by the Short Line Co. and Its preferred stook to retire the $11.000,000 Or. RR. A Nav. pref. stock.—V. 69, p. 492, 597. In July, 1903.
all except $20,210 common and $14,676 preferred stook was owned
by the Union Paoiflo system. V. 70, p. 177.
Dividends.—On preferred: 1897, 2 p. o.; 1898 to Jan., 1904, both
Inclusive, 4 p. c. yearly. On common paid 1% July 2, 1898.
Bonds.—The consolidated mortgage of 1896 (abstract V. 63, p.
928; trustee, New York Seourity & Trust Co.) oovers all the property.
Of the $24,500,000 authorized, the bonds unissued are mostly
reserved for the construction of additional road at the rate of not more
than $20,000 per mile of constructed road. V. 74, p. 206.
Report.— Report for 1899-1900 In V. 71, p. 960.
Feor end. June 30—
1901.
1900.
1899.
Rail lines..,
$7,542,954
$6,683,115
$6,258,282
;
Water
lines
849,346
839,277
747.697
7.00.-V979
Gross earnings
$8,392,300
$7,522,392
Net earnings over taxes..... $3,688,543
13.148,790
|3,522,003
-(V. 72, p. "45, 184 V. 74, p. 206, 380, 830, 884; V. 75, p. 290.)
Oregon Short Line Hit.— (See Map Un. Par. )— Granger, Wyo.. to
Huntington, Ore., 542 m.; branoh to Ketohum, Idaho, 70 m.; Ogden to
MoCammon, Idaho, 111 miles Pooatello to Sliver Bow, Montana, 256
miles Lehl Junction to Tintio, Utah, 43 miles Ogden, Utah, to Frisco,
276 miles; sundry branches, etc., 468 miles; Butte to Garrison, Mont.,
57 m., owned, but operated by Northern Paoiflo total June 30. 1908,
;
;
;
:
;
1,823 miles.
On June 30, 1903. the portion of the main line from Salt Lake City,
Utah, to Oallentes, Nev., 340 miles, inoluded above, with some branoh
mileage and additional completed road south of Callentes, about 550
miles in all, was taken over under purchase by San Pedro Los Angeles
& Salt Lake Ry. V. 7(5, p. 919, 1856; V. 77, p. 38. The Snake River
RR. has been incorporated to build from Rlparia, Wash., to Lewiston,
Idaho, 71 miles.
History.—Successor Maroh 16, 1897, of the Oregon Short Line A
Utah Northern Ry., foreclosed per plan in V. 62, p. 504, 505. Controlled by Union Paoiflo, whioh holds nearly the entire oapital stook
and the greater part of the Income A and B bonds. V. 75, p. 1032.
Capital Stock.— Authorized $27,460,100, of which new Union Pacific
Ry. Co. has acquired $27,450,100. V.68,p.l88,381,474.
Bonds.— Of the $36,500,000 new first consols, $22,029,000 are reserved to retire at maturity the loans not disturbed
Series A, incomes, nou cumulative 5 per cents, have received In
Sept., 1897, 4 p. o.; Sept. yearly sinoe, the full 5 per oent, at Guaranty
Trust Co., N.Y. or Old Colony Trust. Boston. V. 69, p. 492.
:
c
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<feo.
see noteb
<t Syracuse- Stock, 9 p. o. guar., D. L. A W.
Consolidated mortgage (guar. D. L. & W.) F
ConBtruotion M., guar. p. A 1. (for $1,000,000) F
Owensboro <£ Nashville—1st mortgage, gold. .Ce.o*
Otark <& Cher. Cent.—1st M., g., gu. p.* i. red. par N
tanama—Stock
lstM.,$4,000,000,s.f.,g,red. atl05(text).Ce...C
Subsidy bonds.,g., drawn at 100. See V.64,p.705.c*
Palerson <& Hud.Riv.-8ti.., 8 p.o. rent. N.Y.L.E. AW.
Palerson dk Ramapo Stock (rental guarantee)
Pemigewasset Valley RR.— Stook (rental guarantee)
Pennsylvania RR.—Stock, $400,000,000. Tr
General mort. bonds, $1,000 and *200 eaoh..o&r
.
. .
.
—
r
Currency registered bonds
o
Currency coupon bonds
o
Sterling bonds
r
Gold registered bonds
o
Gold coupon bonds
Gold sink, fund, 1 p. c, not drawn, .o*
I Sterling (s. f. in 1900) not drawn. o*<fer
r
Bonds (P. W. A B. stook as collateral)
Collateral trust loan, gold, not drawn
o*
Gold bonds, redeemable, text, oonvertlble.GP.o*
Sunb. Haz. A Wllk., 1st, Ser. A, drawn at 100...
o&r
2d mortgage, Income
Sun. & Lewis.. 1st M.. $600,000, p. A 1., g.GuPo*
Westchester, 1st mortgage, assumed
West. Pa., consol. mort., gold, assumed.. PIP.o*
River Front, 1st mortgage, assumed
o'
Equip. Tr. gold bonds (s. f. 5 p.o.) not drawn
Penn. Rolling Stook Trust. $600,000 paid yearly
Penn Car Trust. $300,000 paid yearly
—
J.
A J.; on
Size, or
of
of
Par
Road. Bonds Value.
Oswego
x On coupon bonds
Date
registered
35
35
35
88
144
48
48
$50
1876
1883
1881
1903
1,000
1,000
1,000
1,000
100
1897
1880
1,000
1,000
14
14
50
"ioo
857
857
1867
1875
1S75
857
857 1873-4
857 1879
857 1879
857 1893
857 1895
1881
1883
1902
43 1878
43 1878
56 1896
5 1879
138 1888
462 1882
1889
1898-9
1899
bon ds A. AO.
50
$ or £
1,000
1,000
4200
1,000
1,000
1,000
£200
1,000
1,000
500 Ac.
100 Ac.
100 Ao.
1,000
100 Ac.
1,000
1,000
1,000
1.000
1,000
a
Inol
Oregon RR. A Navigation stock, viz., $16,281,400 common and
$976,900 preferred, is owned and pledged as special security for
the Series B incomes, but dividends thereon are to go to the Short Line
company except as needed to pay to Series B their full Interest. In
Oct., 1898, 3 per cent and in 0<-t., 1899 to 1903, Inclusive, 4 per cent
yearly was paid on the Series B Incomes. V. 65,_p. 572; V. 66, p. 1141.
The Union Pacific owns $6,672,000 of the $7,185,000 Income "A"
bonds and $14,781,000 of the $14,841,000 "B" bonds.. V. 70, p. 176.
In 1900-1901 $78,108,000 Northern Paoiflo stock was purchased and
exchanged for $82,491,871 Northern Securities Co. stock and $8,900,007 cash (V. 75, p. 1196). All of the Northern Securities stock has
been deposited as collateral for an equal amount of "participating"
bonds (see below), the latter, together with the cash mentioned, being
given to the Union Paoiflo RR. for advances.
The "4 per cent and participating 25- year gold bonds" of 1902
Equitable Trust Co. of New York, trustee;, are limited to the amount
of collateral, viz., North'n Securities Co. stock, pledged with the trustee. In addition to the fixed Interest at the rate of 4 per oent (gold)
per annum, the holders are entitled on Feb. 1 of each year, beginning 1904, to any oash dividend paid during the preceding calendar
year upon the deposited collateral in excess of 4 per oent on the outstanding bonds. The entire Issue or any part (when drawn by lot) Is
Amount sold $41,000,000, the $41,491,000
subject to call at 102
additional bonds issued being held by the Union Paoiflo. See also
Union Paoiflo RR., V. 75, p. 136. and abstract of mortgage. V. 75,
p. 243; V. 76, p. 383. On Feb. 1, 1904, one half per oent extra will be
paid, making i^ p. c. Int. for the calendar year 1903. T. 77, p. 2098.
In Apr., 1904, liquidation of the Northern Securities Co. was pending.
The securities reoeived in exchange for the Securities stook, including
Northern Paoiflo and Great Northern stook, will be substituted as collateral under mortgage. See V. 78, p. 1223, 1275, 1393, 1447, 1497.
Latest Earnings. -For 5 months ending Nov 30, 1902, gross,
$5,244,530; net, $3,021,504; other inoome, $1,394,023; charges,
For 11 mos. ending
?2,573,417; balance, surplus. $1,842,110.earnings, $10,122,259; May
net,
1, 1902 (1,438 average miles), gross
$5,260,214; other Inoome, $3,284,304; fixed charges, $4,910,875; int
on open accounts, etc., $993,454; bal., sur., $2,640,688.
Tear ended June 30—
1901.
1900.
1899.
Gross earnings
$9,673,279 $8,578,398
$7,577,108
Net earnings over exp. and taxes 5,012,274
4,473.464
3,778,280
Financial Offloe, 120 B'way, N. Y. City— (V. 78, p. 288, 1398.)
Oregon 6c Southeastern RR.—To extend from Cottage Grove,
Ore., to the Bohemia Mining District, 36 miles, of which Oottage
Grove to Hum's Dam, 17 miles, completed In Jan., 1904. Branch from
Waldron to Robinson. 6 miles, is also proposed. Stook authorized,
common, $500,000; preferred 7 per oent cum., $500,000; outstanding,
$400,000 of eaoh; par of shares, $100. Preferred is subject to call
at par and accrued dividends after 3 years from date of Issue. Bonds,
see table. Pres., Geo. W. Crosby, Atlantlo City, N. J.— ( V. 75, p. 135.)
Oswego 6c Syracuse RR.— Owns from Oswego, N.Y., to Syracuse,
N. Y., 35 miles. Leased In 1869 during length of charter and renewal
thereof to the Delaware Lackawanna A Western Railroad Company for
9 per oent per year on $1,320,400 stook and Interest on bonds.
Ottawa Northern A Western By.-See Canadian Pacific By.
Otis By. -Otis Jot. to Otis Summit, N. Y., 1*35 miles. Successor
June, 1899, to Otis Elevating By., foreclosed. V. 69, p. 81. Stock, $65,000. Bonds, $71,000 IstM. 40-yr. 5s, dated July 15, 1899, all outstand-
^
ing.
Year 1902-03,
bal., def.,
$1,133.
Owensboro
gross, *9,868; net, $2,823; Int. and taxes, $3,596;
Pres., Ohas. L. Rlokerson, N. Y.— (V.69, p. 81.)
Nashville
Ry.—Owns
from Owensboro, Ky., to
Ad air vi lie, Ky., 84 miles; Mnd River Branch, 4 miles. Operated by
Louisville A Nashville Railroad, which owns the $1,156,518 stock (par
$100) and $1,200,000 of the first mortgage bonds— all these bonds and
most of the stock being pledged under its trust deeds.
Ozark A- Cherokee Central Ry.—Owns FayettevWe, Ark., to
Okmulgee, I. T., 144 miles, Including steel bridge over Arkansas River
near Fort Gibson, I. T.; extensions are under construction from Fayetteville, Ark., to Jasper, Ark., Okmulgee, I. T„ to Oklahoma City,
O. T., and Muskogee.LT., to Fort Smith, Ark.; total to be about 400 m.
Stook, $9,000,000, of whloh $2,880,000 Is issued and owned by the
St. Louis & San Francisco, whloh operates the road as part of its Central division and guarantees bonds .principal and interest. See V. 76,
p. 865, 919; V.78, p. 703.- (V. 76, p. 102, 865, 919, 1408; V. 78, p. 703.)
6c
Panama RR.—Colon
to Panama and La Boca, 50 miles, 5-foot
The Panama Canal Co., about to be purchased by the U. S.
Government In Jan., 1904, owns a majority ($6,850,000) of capital
gauge.
stook. V. 76, p. 334. In June, 1902, made a new traffic agreement
for three years with the Paoiflo Mall Steamship Oo. V. 74, p. 1252.
Dividends. J '85 '86-7 '88 '89 '90 '91 '92 '93 '94-00 '01 '02 '03 1904.
Since '84 p.ct.
nil. 23
9 5 5
2 2 None 2 4 4 Jan.,4
In 1903, Apr., 2 p. 0.; Oct., 2 p. c; 1904, Jan., 4 p. 0. V. 78, p. 1387.
Bonds.—The mortgage of 1897 Is for $4,000,000; sinking fund
Is $150,000 yearly and bonds may be drawn for s. f. at 105; the entire
Issue may be called for payment on and after April 1, 1903, at 105.
V. 65, p. 516. See also description In V. 66 ,p. 1043.
HO
The subsidy bonds are secured by an assignment
and pledge
U. S. of Colombia to the trustees of $225,000 annually, of
the annual subsidy or rental to that extent payable to said government
by the company, and are drawn and paid off on November 1 yearly with
made by the
Amount
Outstanding
Boiuts— ±tuioi
pal. When Due.
by Stocks— Last
Dividend.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Cent.
Payable
Whom.
9
$1,320,400
7
438,000
5
668,000
6 g.
2,000,000
5 g.
3,000,000
7,000.000 See text.
4*3 g.
2,224,000
6 g.
734,000
8
630,000
8
298,000
6
541.500
301,183,000 6 in 1903
6
19,997,820
6
1,961,000
6
2,757,000
6
22.762,020
3,498,000
5 g.
1,500.000
5 g.
2,825,000
4 g4,850,000
3H)g.
4
7,702.000
4i«g.
9,900,000
3>*g.
20.697.500
5
a 1,000,000
6
1,350,000
500,000
4 g.
5
75,000
4 g.
4,000.000
419
212,000
4 g.
2,728,000
3ifl g.
3,000,000
3** g.
1,800.000
udlng $155, 900 bond
any surplus
1681
F.-A..20 N. Y., Del. L.
M.
M.
M.
A.
A.
M.
A
A
A
A
A
A
A
A
A
S.
N.
N.
O.
O.
N.
A W. RR,
do
do
do
do
N. Y., 120 Broadway.
N.Y..N.Y. Seo.&Tr.Co.
N. Y., 24 State St.
do
do
do
do
1904
1907
May, 1923
Nov. 1, 1931
Oot. 1, 1913
(Feb.
20,
Moh.
1.
Jan. 1,'04.
Oot.
1,
1.
Nov.
4%
1917
1910
Jan., 1904,4%
do
Jan., 1904,4%
do
F.
A. Tre's.off., Concord, N.H. Feb.. 1904,3%
M.AN^y Philadelphia, Office. Nov. 30, '03, 3
J.
J.
Paterson, N. J.
J.
J.
See x Phlla. Offloe A London.
Q.-M. rj Philadelphia, Offloe.
J.AD. ij
do
do
J. A J. Phlla. offloe and London
Q.-M.
A
A
J. A
J. A
J. A
M. A
M. A
M A
J. A
M. A
J. A
M A
M. A
M.
M.
Philadelphia, Offloe.
do
8.
AT.
Co.
J. N.Y..Far.L.AT.&Lon
J. Phlla., Pa. Co. for Ins. Ac.
D. Phila.,Provld'tL.AT.Co.
N. Ph. A Am. Ex Bk.N.Y.
N. Phlla., Broad St. Stat'n.
N.
do
do
J.
N.Y.,Am.Ex.N.Bk.APh.
S Phlla., Broad
D.
do
St. Stat'n.
do
N.
Phlla., Co.'s Offloe.
8. Phlla., Girard Trust Co
do
do
do
do
Q.-J.
Q.-F.
s
do
N. N. Y., Farm's L.
1, 1910
June 15, 1905
June 15,1905
July 1, 1905
Sept. 1, 1919
Sept. 1, 1919
May 1, 1943
July 1, 1945
July 1, 1921
June 1, 1913
Nov. 1, 1912
May 1, 1928
May 1, 1938
July 1, 1936
Sept., 1919
June 1, 1928
May 1, 1912
Sept. 1, 1914
July
Oot., 1904-08
Nov., 1904-09
held a live In sink. fund.
of the subsidy not needed for Interest; $153,000 bonds
In V. 64, d. 705.
now In treasury. See statement as to subsidy bonds
Annual Repoet.—The report for 1903 in V. 78, p
1387, showed:
Net of
8urplus,
Net RR.
to Dec. 31. Earnings. Earnings. Steamshivs. Charges. Intl. Other Int.
$53,475 $833,637
$401,068
1903
$1,267,571 $705,331
23,122
830,409
295,384
1902
1,239,345 644,635
The charges above in 1903 include Subsidy payment $25,000; Interest on bonds, $165,585; redemption of bonds. $312,060, eto.— (V.
75, p. 550; V.76, p. 332, 807; V.77, p. 512, 2281; V.78, p 1387, 1447.)
Paterson 6c Hudson River.— Owns from Marlon. Jersey City,
N. J. (south of Bergen Junotlon), to Paterson, N. J., 14 miles, double
track. Leased In perpetuity, at $48,400 per year for road, $5,000 for
land In Jersey City and taxes, to Erie RR., forming part of main line.
Owns from Paterson, N. J., to New
Paterson 6c Ramapo
York State Line, 14 miles, double track, part of main line of Erie RR.,
to whloh leased Sept., 1852, during legal existence, at $26,500.
Peco» Valley 6c Northeastern Ry.—Road.—Owns from Pecos City, Texas, to Amarillo, Texas. 370 miles. In Dec, 1900, the
Atohlson Topeka A Santa Feaoqulred over 97 per oent of the $2,916,000 bonds (50-year gold 5s of 1948) and 97 per oent of the common
and preferred stocks ($3,162,000 eaoh), but the road will be operated
independently for the present. V. 72, p. 88, 137; V. 73, p. 736.
Repoet.—Year 1902-03: gross, $887,435; net,$351,057: other Inoome,
(V. 73, p. 900.)
$6,439; Int. and taxes, $162,396; surplus, $195,099
Pemigewasset Valley
Plymouth, N. H., to Llnooln, N. H.,
23 m. Leased to Concord
Mont, for 6 p.o. on stook; op.by Bos. A Me.
Pennsylvania RR.— ( See Map).—Tiie system, as shown on the adoinlng map, extends from New York City, westerly, via Philadelphia
to Pittsburg, Erie, Cleveland, Toledo. Chicago and Burlington on the
north, and to Washington, Cincinnati, Louisville and St. Louis on the
south. The total system on Jan. 1, 1904, aggregated 10,914 miles, of
whloh 3,723 miles represent the mileage operated directly under the
caption "the lines east of Pittsburg and Erie" and 2,990 miles the
mileage operated directly under the caption "the lines west of Pittsburg and Erie," the latter being more fully described under the title
Pennsylvania Company and Pittsburg Cincinnati Chicago A St. Louis.
The balance of the system Is operated Independently.
MOes.
East of Pittsburg
Erie.
Main Line and Branches—
Miles. Other lines (lnclud D. & R. Canal,
484
66 m., and ferries. 2ra )
Philadelphia to Columbia, Pa
81
Philadelphia, Pa., to New Boston,
Total In Penn. RR. statistics, 3, 7*.'J
Year
Oross RR.
:
RR.—
—
&
RR.—
)
&
210
...
eto
Harrisburg, Pa., to Pittsburg, Pa. 248
553
Branches and spurs
Total main line and branches.. 1,092
Lines operated by lease or contracts—
Har. Ports. Mt. Joy & Lan. RR.1
Dtllerevllle to Harrisb.. Pa.,etc..
63
United New Jersey RR.T
Trenton to Jersey City, etc
14*
Philadelphia & Trenton RR.T
26
Allegheny Valley Ry.T
262
West. New York ft Penn!649
Connecting Railway!
36
Lines operated under contract—
Bald Eagle Valley RR.T
93
.
Cambria & Clearfield RR.T
Southwest Pennsylvania Ry.T
Pittsburg Va. £ Charleston Ry.T.
Belvldere Delaware RR.T
Philadelphia A. Long Branch RR.
Delaware River RR. & BridgeT
Philadelphia 4 Erie RR.T
Trackage
Reported Separately—
Baltimore & Washington!...
Phil.
Northern Central Ry.T
West Jer. & Seashore RR.T
(tool.
ferries.2m.)
832
168
892
88
Cumberland Valley RR.T
Long Island T
Balu Ches. & Atlantic Ry
Grand total east of P. & E
West
(T
ol
84
698
459
6.863
Pittsburg dk Erie.
See each Oo.)
Reported Directly
Mite*.
374
124
Chicage & St. LouisT... 1,661
Pennsylvania Companu UnesT
.1.339
Total reported directly
9,990
8S
81
49
10
307
Grand Rapids & Indiana liaesT.
683
Terre Haute & IndlaaapolisK
B69
Other lines (see Pa. Go. statement) 831
Pitts. Cin.
Reported Separately—
. . .
Total system Jan. 1, 1904
10.91*
oharter of the Pennsylvania Ballroad was dated April 13, 1846. The Pennsylvania Company controls
all the lines west of Pittsburg and Erie, the Pennsylvania BR. Co.
holding all Its stook. In 1900-1 the Penn. RR. purchased a large interest in the stock of Baltimore A Ohio RR., Chesapeake A Ohio Ry.
«nd Norfolk A Western Ry. V. 70, p. 76, 231, 687; Y. 72, p. 481.
681; V. 76, p. 484.
In 1900 acquired most of the stook and Inoome
bonds of the Western N. Y. A Penn. Ry. V. 72, p. 481.
The Baltimore A Ohio, together with the Vanderbllt interests, in
1901-02 came into virtual oontrol of the Reading Co. V. 76, p. 102.
The Western New York A Pennsylvania Ry. and the Allegheny Valley Ry. were taken over under lease August 1, 1900, adding
about 829 miles to the system proper. V. 72, p. 491. In May, 1900,
purchased a majority or the Long Island RB. stook. V. 72 p. 481.
On April 1, 1902, Schuylkill A Juniata was merged. V. 76, p. 484,
The Western Pennsylvania and other roads connecting with the main
line were merged Apr. 1, 1903. V. 76, p. 486, 594.
SECtjarnEB Owned.—The total cost of these to January 1, 1904, was
$224,817,094, many of whloh are pledged to secure Pennsylvania Issues.
Revenue derived from these securities in 1903, $9,462,568.
Capital Stock..—Stock authorized, $400,000,000; the amount outstanding has been increased from time to time, chiefly by sale to
stockholders for new acquisitions, eto. See Gen. Finances below.
Drvs. J '83 '84 '85 '86 '87 '88 '89 "90 '91 '92 '93-99 '00 '01 '02 '03
p. e. *8»9 7
5
6
5 5i« 5
5 5*s 6 6 5 y'ly. 6 6 6
In 1893 paid also 2 per oent In scrip.
Bonds.— Oonsolidatedmort. of 1873, see Supplement of October, 1901.
Tb e 4 per cent loan of 1881 Is secured by Phlla. Wllm. A Bait, seook.
Organization, Leases,
Ac—The
1682
RAILWAY STOCKS AND BONDS.
[Vol. lxxviii.
—
'.
.
.
.
RAILWAY STOCKS AND BONDS.
Apr.. 1904.]
RAILROADS.
Miles Date
Size, or
of
Par
For explanation of column headings, &o. see notes of
Boad. Bonds Value.
on first page of tables.
1083
INTEREST OR DIVIDENDS.
Ra^_Per When Where Payable, and by
Outstanding
Payable
Whom.
itoiulu— Prinoi
pal, When Due.
Stocks— Last
Dividend.
Pennsylvania JtR. -(Concluded)—
1900 $1,000
1900
1,000
1901
1,000
1902
1.000
1902
1,000
1902
1,000
1903
1,000
1903
1,000
1903
1,000
1889
5,000
1892
1,000
1893
1,000
Penn. Car Trust, $700,000 paid yearly
Penn. Equipment Trust, $200,000 paid yearly.
do
do
$400,000 paid yearly.,
do
$400,000 paid yearly...
do
Penn. Steel Car Trust, $700,000 paid yearly
do
$300,000 paid yearly
do
Pennsylvania 8t>el Equipm't Trust, gold
do
-.old
do
do
Rolling 8toek Trust, gold
do
do
r
Del. Ave. Market 1st mortgage
r
Delaware Ave. Bloodgood property
Penn. RR. real estate puroh. money g. M.F.o*«fer
o*&r
Pennsylvania Company— Bonds, gold, guar
Gu. tr. otfB., $20,000,000, g., gu.Pa. RR., ser.A.r
ler. K.GP. ..C
do
do
do
ser. C
do
do
o*
do
do
$1 ,334.000 dr. y'rly, g., gu. Pa. RR«; P
.
—
$4,200,000
1,400,000
3,200,000
3.200.000
6,300,000
2.700.000
5.000.000
5,000,000
2,000,000
300,000
200,000
2,000,000
1,000
19,467,000
1,000
4,895,000
1,000
9,794,000
1.000
5,000,000
1.000
17.332,000
5.000&0 50,000,000
5,720,408
1881
1897
1901
1902
1SK)1
1904
RR.FFo
Pennsylvania <& North Western—See Cambria A Cl EARF1 ELD R T.
47
100
Peoria <t Bureau Vol.—Stk., 8 p. o. rent'l C. R.I.&P
Peoria A Eastern— Ind. Bloom. A W. 1st M..pf.Ceo<fcr 202 1879 100 Ao,
Ohio Indiana A West. 1st M. pref g. Int. gu. Ceo* 342 1888 500 Ao,
342 1890
P. A E. oonsol. M., $10,000,000, Int. guar.Ce.C
1,000
Collat. betterm't notes, gold, gu.
Car trusts (Deo., 1903)
by Pa.
,
. ,
342
20
20
o
2d oonsol. mort., Income, non-oumulativeCe
Oe.o
<t Pekin Union— 1st mortgage, gold
o
2d mortgage, gold.Ce
Peoria
Pere Marquette—Common
1890
1881
1885
1,000
1,000
1,000
100
100
stock, $16,000,000....
Preferred, 4 per cent, non-oum., $12,000,000
Grand Rapids Newaygo & Lake 8h. 1st M.2d Div,
Chic & West Mloh. gen. M. ($12,000 p. m.).NB.o*
D.Gr.R. & W.. 1st oon.(now 1st) M.Jaw.m.OB.o*
10
480
380
1875 500 Ao
1881
1.000
1897 500Ac
Pennsylvania RR. Co.—Concluded.
For gold 3^8 of 1902 see "General Finances." Mortgages and ground
rents payable June 1, 1904, $6,400,945. Pittsburg purchase of 1903,
T. 77, p. 1875; V. 78,
p.
103.
General Finances.— In 1901
the authorized capital stock was increased by $100,000,000 to $251,700,000; $50,500,800 thereof being
subscribed for by stockholders at $60 per $50 share, raising the
amt. outstanding to $202,200,800. V.7 2, p. 392, 533. 627, 1238, 1280.
The stockholders voted on March 10, 1903, to authorize an Increase in the stock from $251,700,000 to $400 000.000, to be made
from time to time in the discretion of the directors, $50,000,000 of the
Increase, If deemed advisable, to be issued in convertible bonds. Of the
stock, $20,980,350 was issued April, 1903, in exchange for convertible
debentures. (See below.) Stockholders subsorioed in 1903 to $75,094,750 new stook at $60 per $50 share, nearly all paid for in full In
Oot.; the remainder three-quarters paid in, with balance payable June,
1904. V. 76. p. 383,488,594,706,1193; V. 77, p. 37, 770.
In 1902 were Issued $50,000,000 10-year 3^^ gold bonds, dated
Nov. 1, 1902, of which $29,302,500 were converted in April
1903, into stock at $70 per share, and balance are convertible at option of holder into stook at $70 per share on May 1 1904, or any subsequent interest day, on 30 days' notice; they may be called for redemption at 102 1a and interest on any Interest day beginning May 1, 1904,
but if called may be converted on basis above stated. See V. 74, p. 577.
In June, 1901, obtained control of the Pennsylvania and Cambria
Steel cos. See "Industrial cos." and V. 72, p. 1280; V. 73, p. 843,957.
In 1904 the company was proceeding to construct a passenger
electric tunnel railroad from Jersey City under the North River
to a central passenger station at 33d St. and 7th Ave., New York City.
and thence under the East River to a connection with the Long Island
RR. In Long Island City. Completion of the work, estimated to cost
about $40,000,000, will take several years. The tunnel will afford entrance Into New York City for the Pennsylvania Railroad and
Long Island RR. and permit the sending of through trains by rail direct
from the South and West to all points in New England via the bridge
from Mott Haven to Long Island, which is to be built by the New
York Connecting RR.; see V. 71. p. 913; V. 72, p. 1280; V. 73. p.
1264; V. 74. p. 380, 478, 831. 884, 1308; V. 75, p 1203.-1302, 1355.
New bond issues of subsidiary companies in 1903 4, see V. 77, p.
1534; V. 78. p. 584, 703. 1110. 1276. These described fully undertitle
of each company include with others:
$10,000,000 Penn. Co. t]4 p. c. ku. notes.t50.000.000
Phila. Bait. & Wash. 4s.
Lome Island RR.4s.nuar... 10,000,000 Pitts. Va. & Charl. «s, guar. 6.000.000
The loan of $40,000,000 at 4i<j p 0. due July. 1903, was paid from
the proceeds of the new stook. V. 76, p. 811.
In June, 1903. allied interests purchased $6,924,200 of the $11,000,000 Hocking Valley Ry. common stock; seethatCo. V. 77, p. 1225.
Extensions and improvements, see V. 76, p. 487, 488, 594 V. 77,
p. 1294; V. 78, p. 825 to 828.
Latest Earnings.—Jan. 1 to Feb. 29, (2 months) directly operated:
Lines east of Pitts- > 1904
Gross, $16,819,298; net, $2,454,996
burgAErie. J 1903
..Gross, 17,796,698; net, 3,681,496
Lines west of P. & E., inc. or dec
Gross— $45,600; net, —$592,600
Annual Report.— Fiscal year ends Deo. 31. Annual meeting is held
at Philadelphia on second Tuesday in Maroh. The report for 1903 was
given at length in V. 78, p. 825, 984 see also editorial p. 957.
,
.
l
!
;
;
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
1901.
Tear ending Dec. 31—
1903.
1902.
Miles operated
3,724
3,739
3,706
Gross earnings
$122,62^.419 $112,663,330 $101,329,795
Net earnings
$37,853,363 $37,612,259 $36,070,252
tot on Pa. RR. investments..
9,462,569
7,781,720
8,118,861
255.170
Int on United N. J. securities
221,482
253,543
444,489
Int. for use of equipment.
421,537
394,700
Miscellaneous
103,535
637.373
272,773
Gross Income
$48,596,324
$12,097,233
Interest on funded debt
5,570,974
Interest on stock allotment
100,210
Int. onmorts. AgrMrents..
197,059
Car trust payments
3,581,049
Interest, general account...
Equip. trust loan sink. fund.
136,400
State taxes and mlsoellan.
2.091,506
Total
$237774.431
Balance
$24,821,893
Payments—To trust fund
$149,424
Oonsol. mortgage|redeemed...
401,810
Extraordinary expenses
9,477.728
$10,028,963
Balance to credit of Income.. $14,792,931
Dividends
( 6)14.792,931
$46,652,136 $44,655,166
$11,605,948 $14,643,144
4,254,585
5,095,883
Deduct— Rentals
162,637
1,503,173
200,678
136,400
1,560,219
$22,460,836
$22,194,330
172,319
2,050,4»0
74,168
136,400
l ,6t>6,974
$20,802,172
$25,849,964
$109,673
$129,428
402,390
402,100
10,824.595
12.505,000
$13,036,528 $11,336,658
$12,813,4&6 $10,857,672
6)12,262.491 6)10,857,672
To credit of profit and loss
None
$550,945
BaLproflt and loss Deo. 31.... $24,742,226 $24,742,226 $24,310,476
EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND ERIE.
Tear ending Dec. 31—
1901.
1903.
1902.
Gross earnings
$242,517,758 $220,079,320 $198,626,878
Net earnings
64,918,492
67.138,820
67,539,511
(
(
Girard Trust Co. Feb., 1905-10
Phil. Deo., 1904-10
do
June, 1904-11
do
do
Moh., 1905-12
do
do
July, 1904-12
do
do
do
Oot., 1904-12
Mar. 1, yearly
May 1. yearly
Aug. 1, yearly
Philadelphia.
Moh. 1, 1909
Phila.,
Comm'l Trust Co.,
3ifl
3ifl
3^2 g.
3^
g.
3>* g.
43 I0
4*10
&
A
4 g.
4i«g.
3*2 g.
Philadelphia.
N. N. Y., Farmers' L. A Tr.
J. N. Y.. Nat'l City Bank
Phila
N.Y.,Unlon Tr.
Sept. 1,
May
1,
July 1,
Sept. 1.
Feb. 1,
Deo. 1,
Nov. 1,
Oot. 1,
A
do
do
do
do
N. Y. and Philadelphia,
3>*g.
3"*g.
3-*g
New York.
4«« g.
Various
Phila.,
F. & A
1,500,000
8
A. A O.
4
985,100
Q.-J.
500,000
5 g.
A. A O
4
8,500,000
See text
4
4,000,000
Q.-F
1,495,000
6 g.
4i«ff. M. A N.
1.499,000
14,145,500 See text. Qaar.
10,512,200 4 In 1903 F. A A
19,000
7
J. A D
5
5,756,000
J. A D
A. A O
4
5,379,102
.
,
3i« g.
3»a g.
3-« g.
3i« g.
1912
1928
1921
1937
1941
1942
1916
1905
Gu, Tr. Co., eto Various dates.
N.Y. .Ch.R.I. A Pao. RR. Feb., 1904, 4%
N. Y., J.P. Morgan A Co. Apr. 1, 1940
Apr. 1, 1938
do
do
Apr. 1, 1940
do
do
4 p.o. paid Apr. 1, 1904 Apr. 1, 1990
N. Y, Central Trust Co Feb. 1, 1921
do
do
N Y.R. Winthrop A Bos.
do
do
N. Y., Un. Tr. A Boston.
Feb. 1. 1921
Mar.10,'04.1%
Feb.19,'04,2%
do
do
2d Nat. Bank, Boston.
June
Deo.
Apr.
1,
1,
1.
1905
1921
1946
Officers— President, A. J. Cassatt; 1st V. P., John P. Green, 2d
V. P., Charles E. Pugh; 3d V. P., S. M. Prevost; 4th V. P., Samuel
Rea; Secretary, Lewis Neilson; Treas., Robert W. Smith. N. Y. offloe,
85 Cedar Street.
Director!— Alexander M. Fox, N. Parker Sbortridge, Radulph Ellis, Alexander J. Cassatt, Clement A. Griscom, Amos R. Little, William U. Barnes, Geo.
Wood, C. 8tuart Patterson, Effingham B. Morris, Thomas DeWitt Cuyler, Jas.
McCrea. Lincoln Godfrey. John P. Green. Charles H. Puah. Sutherland M. Provost. Bamuel Kea.-( V. 78. p. 815, 8M5, 9S4, 1110, 1876.)
(See Map Pennsylvania RR.) Owns
Pennsylvania
no road in fee but has oharge of all the system of the Pennsylvania
Iiailroad Co. west of Pittsburg, viz.: (If See this company).
Controlled by stock, etc.: Miles.
Leased by transfer from Pa. RR.:
Miles. Pitts. Cin. Chio.
St. L.iri,35639
Muskingum Val... if 148-45
Pittsb. Ft. W.
Chicago.. 1T469*89 Cin.
New Castle A Beaver Val.. U14-98 Waynesburg Washing.. 28*15
Massillon A Cleveland....
1223 Cin. Leb. Nor
4571
Erie A Pittsburg
1184-47 Grand Rapids A Indiana.. 430-21
Cleveland A Pittsburg.... H 201*74
Musk , Or. Rap. A. Ind.. 40*68
26-00
Traverse City
Leased directly by Pa. Co.:
Pitts. Youngs. A Ashta.. .. 11125-09
Fort Wayne 1185*60
Cin. Rich.
Toledo Wal. Val. A Ohio. .. H 234-41 St. L. Vand. A Terre H.. .. 1T158-30
93*03
Didianap. A Vinoen. RR/1T13S-11 Logansport A Toledo Ry..
Controlled by stock or otherwise:
Terre Haute ALogansport 15936
Marietta
Ind'lis RR. 123*22
Cleveland
1T103-13 Terre Haute
15-27 Terre Haute A Peoria RR. 145-12
Pitts. Ohio Val.
Cin.
•55 Cleve. Akron A Columbus. 196-97
Rooh. Beaver Falls AW...
—
Company.—
A
A
&
&
A
&
&
BR
A
A
Marginal RR.,Beav.F..Pa.
2-96
RoUlng Mill RR. .Toledo.O.
•71
South Chic. A Southern.
Branches W.N.Y.APa.Ry.
.
21-31
50-93
Wheeling Terminal Ry....
A Cinoin. Bdge.
Louisville Bridge
Newport
*73
2*45
Controlled jointly:
Pitts. Chartiers
Total Penn. Co. lines... 1,470-78
9-65
Tol. Peoria
A Yough.
A Western
1T18-32
11230*70
161*59
Trackage
Ry.
Total of all lines
4,931-41
Organization—Chartered in Pennsylvania April 7, 1870. Its stook
Is owned by the Pennsylvania Railroad.
On Deo. 31, l903 the Penn
sylvania Co. owned sundry stooks and bonds having a value as per
balance sheet of $118,520,327. and yielding from Jan. 1 to Deo. 31,
1903, an lnoome of $5,960,576.
Stock.—Stock, $40,000,000 as Increased Deo. 5, 1901, from $21,000,000 in return for stooks of controlled cos. See V. 74,p. 41, 95.
'93
'94
'95 to 1900 '01 '02 1903
Drvs.('83 '84 to '91 '92
4
4 Mar. 4 June 4
none
p. 0.
3
3
4
Bonds.—The gold bonds of 1921 are seoured by leases of P. Fort
A '., the Cleve. A Pittsb. and Erie A Pittsb. railroads, and of bonds and
stooks having a par value In 1881 of $24,171,630, as well as real estate.
The guaranteed trust certificates, "A," "B" and "C" were Issued by
Girard Trust Co., Philadelphia, as trustee, under a deed of trust made
by the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged an equal amount at par of the
7 p 0. guaranteed special stook of the Pittsburg Ft. Wayne A Chicago
Railway Co. The total authorized issue of the trust certificates is
$20,000,000, each series to be seoured by deposit of shares of the
speoial guaranteed stook to an amount equal to the par value of the
series, the sinking fund having retired $202,000 to Jan. 1, 1903. See
V. 65, p. 368, 572, 1116; V. 67, p. 122; V. 72, p. 339. 490.
The $20,000,000 gold 3«« p. 0. trust certs, of 1901 were Issued to
pay for acquisition of stooks of the Pennsylvania A Cambria Steel companies. They are guaranteed, principal and Interest, by Peuna. RR.,
and seoured by deposit of $15,000,000 Pitts. Cinoin. Chicago A St.
Louis preferred, $5,000,000 Norfolk A Western preferred and $5,000,000 Bait. A Ohio preferred stooks, and are subjeot to call for redemption Nov. 1 annually by lot at par in 15 equal drawings. V.73,p.843,957.
In 1904 $50,000,000 of 4"« p c. collateral betterment notes, due Oot.
1, 1905, guaranteed by Pennsylvania RR. and seoured by deposit of
stooks owned having a par value of $83,900,000, were sold to provide
funds for Improvements and to re-pay advances by the Pennsylvania
Railroad Company. V. 78, p. 584, 703, 1276
Report.— Report ror year 1903 was In V. 78, p. 1164, showing gross
on 1,525 miles, $36,602,934; net, $9,486,251; other Income, $5,960,576; interest, rentals, etc., $10,327,186; sink, fund, $1,583,137; dividend (4 p. 0.), $1,600,000; bal., sur., $1,936,512. In 1902. gross, $33.
025,648; net. $9,717,219; other lnoome, $5,413,983. In year 1903
profit, $5,119,641; In 1902. profit, $5,783,985 —(V. 78, p. 1164,1276.
Pennsylvania A North WestK.— See Cambria A Clearfield Ry
Peoria A Bureau Valley RR.—Peoria to Bureau June., 111.,
47 miles. Leased in 1854 to Chicago Book Island A Paoiflo RR. for
$125,000 yearly; dividends, usually 8 p 0. yearly, occasionally more.
*
Operated by P. O. C.
A
St. L.
,
t.
W
.
«
Peoria A Eastern Ry,-^ee Map
Owns from Pekin, El, to Indianapolis,
Olev. Cin. Chic.
Ind., 202 miles,
«* St.
—
Louis.)
and has a lien
$5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage.Pekin to Peoria, 9; total operated. 352 miles.
Lease, Etc.— Formerly Ohio Dadlana A Western, sold In foreclosure
In 1890, reorganized per V. 49, p. 616.
Leased till Apr. 1, 1940. to
Cleveland Cincinnati Ch. A St. L., which guarantees Interest, but
not principal, of the first consols and the underlying bonds, and owns
one-naif the $10,000,000 stook, par $100. See Supplement of Jan.,
1894. as to provisions respecting any surplus over charges. Company
owns $125,000 stock of the Peo. A Pekin Union Ry., on which 6 p. o.
yearly was paid 1895-1903. V. 74, p. 152.
of
1684
RAILWAY STOCKS AND BONDS.
[Vol. lxxviii.
.
H
)
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
RAILROADS.
Pere Marquette— (Concluded.)—
Flint A PereMarq. M. ($1,000,000 are 4s) goliL.c
o*
Consol. mortgage, g.Ce
o*
Pt. H. Div. IstM. ($3,500,000). g., Ce
o*
Toledo Division, 1st mort., gold, IB
Ch.&N.Ml.lstM.,gu.p.&l.endoyCh.&W.M.OBo*
A 8. E.,
280
400
235
19
89
33
1st mort., sinking fund. I
Western Equipment Co., call at par
Marquette equlp't 1st M., guar., s. f.. call at par
East.equip.l8tM.,g,gu. p .kl.,oallpar.text..*M.o*
Pere Marquette oonsol. M., $50,000,000... P. o&r
202
Lake Erie
Detroit River Div., IstM., g Bio...
Pere Marquette ooll. tr. M., g., call par
Pere Marq. Transportat'n Co., gold, p. A 1. guar.
66
Saginaw Tus. A Huron, 1st M., p. & 1. guar.N...
28
Or. Rap. Beld. A Sag., 1st M., gold, lnrst rental.
Pere Marq. of Ind., guar. p. & l.,call atl05.Eac* Text.
Marq. A B. D. A N., tu. p.±i.. call 105,8.f..Ea.o«
Bufl. A Niag. RR. A Ter., gu. p.&l. (V.76,p.l031)
Per/ciom«n^l8tM.,8er.I(l8tl'n)g.,gu.p.<fei.FeP.o* 383
1st M., ser. 2 (2d l*n) g., gu. p. <kl. (end.) PeP.o* 38-3
Peterborough RR.—Stook (rental 4 per cent)
&
Petersburg
Date
Size, or
l
1880 $1,000
1889
1,000
1889
1,000
1897
1,000
1891
1,000
1897
1.000
1,000
1,000
1,000
10006a,
1,000
1900
1903
1901
1902
1903
1897
1,000
1900
1,000
1899
1,000
1903
1,000
1903
1,000
1903
1888 100 <ko.
1888
1,000
100
73
•<
|
|
I.
&
1,000
1*9
92
210
1880
1,000
1887
1,000
1887
1,000
1891
1,000
1892
1,000
1871
1,000
1871
1,000
1903 1000&0.
1888
500
1888
500
Bonds.—See
abstracts of mortgages of 1890 Id V. 51, p. 246 and
Western mortgage, V. 47, p. 201.
Incomes.—Dividend on Incomes 4 p. o. yearly, paid April 1, 1902, to
1904, both Inclusive, from earnings of preceding calendar year.
Earnings.— 8 months, > 1903-4.. ..Gross, $2,008,323; net, $375,337
July 1 to Feb. 29.
.Gross, 1,876,047; net, 441,751
$ 1902-3.
Sur. over 8 mos. oharges, $105,831 In 1903-4, agst. $172,245 In 1902-3.
Annual Report.— For 1902-03 see lessee's report V. 77, p. 296, 520.
Tear end. June 30. Qro$s.
Net.
'Interest.
Balance.
1902-3
$2,947,237
$641,367
$564,260
$77,107
1901-2
2,518,751
654,113
564,260
89,853
*lnoludes $160,000 (4 p. o.) Int. on inoomes.
-(V. 75, p. 439; V. 76, p. 480, 811, 1031; V. 77, p. 296, 824.)
Peoria &. Pekln Terminal Ry.—See Street Railway Sdpp't.
Peoria & Pekln Union Ry.— Owns Pekln to Peoria, on both
sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 18*14; second main track, 8*80; total main track, 26*94 miles
Mileage of side and yard tracks, 53*71. Capital stook, $1,000,000.
Owned by Peoria & Eastern (Cleveland Cln. Chlo. A St. Louis system)
Chicago & Northwestern, Chic Peoria A St. Louis, Illinois Central
system. Lake Erie A Western and Toledo Peoria A Western companies.
Dividends 1895-1902, 6 p. o. per annum; 1903, 4 p. o. Earnings for
year 1902-03, gross, $833,459; net over taxes, $225,172; ohantes,
$171,322; dividends, $40,000; balance, sur., $13,850.— (V. 70, p. 584;
A
V. 74, p. 152.)
Peoria A. spring. Ry.—See Sup. of July, 1902, and V. 76,
Pere Marquette RR.— (See Map.)— System lnoludes:
Lines owned in fee.
Miles.
Alexis (near Toledo) to Ludlngton on Lake Michigan.. 268
La
Crosse, Ind. to
Bay View,
1085.
p.
Miles.
Trackage, etc
Trackage Courtright Jet. to
International Bridge and
Niagara, N.
Porter to Clark Jet., Ind
276
380
Y
200
152
18
172
Leased G. R. Kal. A S. E.)—
Pt. Huron to Grindstone City. Ill
Rapid City to Stratford....
33
Grand Rapids to Big Ledge.
94 Saginaw Tuscola & Huron—
Allegan to Pent water
102
(See this company.)
Walkerv., Ont., to St Thomas 128
Saginaw to Bad Axe.
66
Sarnla, opposite Port Huron,
London & Port Stanley
24
to Rondeau.. ..
78
Other lines, branches, eto
249
Total
2,351
The Pere Marquette Steamship Co. (owned) operates oar ferries
Milwaukee to Muskegon, and Ludlngton and Manistee to Milwaukee,
etc.; also on Lake Erie, between Rondege and Oonneaut. V. 76. d.
Mloh.
Detroit to G'nd Rapids, Mich.
Port Huron to Howard City..
2,200,000 4^ A 5
23,489,150 4 in 1904
5
1,000,000
4
1,000,000
4
1,000,000
930,000
4g.
1,000,000
4g.
1,500,000
6g.
3,000,000
6g.
10,000,000
4g.
280,510
i g
100,000
3 g.
-
Dividend.
A Co.
A
A
A
A
A
A
A
A
A
M.
A.
J.
M.
A.
A.
A.
M.
May
1,
1.
Apr.
J Intern'l Tr.Co., Boston. July
N Bos., Nat. Webster Bk. May
O Int'l Trust Co., Boston. Oct.
O
Boston,
Apr.
1,
I,
1,
1,
1.
A
A
A
A
A
A.
L.-Unlon Trust Co. Jan.
J
do
do
$20,000
A N. Y., Seo. <fc Tr. Co. Aug. 1.
a Int'l Trust Co.. Boston. Mch. 1,
N N. Y., East'n Trust Co. May 1.
N. Y., East'n Trust Co. Apr. 1,
O
N
M.
M.
A.
M.
J.
A.
M.
J.
A.
J.
A.
M.
A.
A.
Oot.
do
do
A N. Y., Morion Trust Co
Jan.
J
A O
& N.
A J.
A D.
A O.
A N.
A J.
A O.
A J.
A O.
A N.
A O.
A O.
J.
Oot.
Mar.
13:
A.
do
do
s N. Y., R. Winthrop&Co.
A
A D
J.
J.
F.
do
do
do
<fc
J.
F.
N. Y., R.Winthrop
Aug.
St.
L
2,
1,
1.
1.
1920
1939
1939
1937
1931
1907
1909
1910
1908
1951
1932
1923
y'rly
1931
1924
1943
1933
Reading Ter.Bld. Jan. 1, 1918
do
do
Jan. 1, 1918
Nashua, N. H.
Apr., 1904, 2%
Phila.
Phila.. Penn. RR. Co.
Nov. 1, 1911
Phila., Broad St. Stat'n. Deo.30,'03, 2%
PhlL Of ;Bost. ,Kid. Peab June 1, 1910
.
do
do
Broad
do
Phila..
St. Stat'n
Apr.
Nov.
Jan.
do
do
Oot.
Bait. Office and London. July
Apr.
do
do
New York.
Nov.
do
Apr.
Apr.
Philadelphia.
do
do
1,
1,
1,
1,
1917
1922
1926
1932
1,
1911
1911
1943
1938
1938
1,
1,
1,
1,
They bear interest at 3 per cent to Deo. 1, 1905, and thereafter 4 per
oent to maturity. V. 75. p. 1302; V. 76, p. 213.
Lake Erie Detroit River Division mort., V. 76. p. 1356; V. 77, p. 89.
The Pere Marquette RR, of Indiana 1st 4s of 1903 (authorized issue,
$3,000,000, Eastern Trust Co. of N. Y., trustee,) will oover the road to
be built from New Buffalo, Mich., to Hammond, near Chicago, 46
miles, and be Issuable at $2.*>,0i>0 per mile for single and $10,000 additional for double track, $500,000 being reserved for Chicago terminals. The flrst issue ($575,000) will be for 23 miles from New Buffalo
to Porter, Ind. V. 76, p. 919, 1193. See form of guaranty, p. 1356.
The Marquette & Bessemer Dock A Navigation bonds (Eastern Trust
Co. of N. Y., trustee,) are guaranteed jointly, principal and interest,
by the Pere Marquette and Bessemer A Lake Erie. They are subject
to call in whole or part at 105, and 1 p. c must be oalled yearly for
the sinking fund at the same price, if not purchasable at a lower
figure. V 76, p. 706, 922
Form of guaranty, p. 1358.
The Buffalo & Niagara RR. & Term. Co. mortgage for $1,000,000 will
be seonred by Buffalo terminals and 45 miles of road. V. 76, p. 1031.
The Eastern Equipment 5s of 1903 are In two series -A for $1,500,000 and B for $2,000,000 the entire Issue may be oalled on 6 months'
notice and $75,000 of the As and $100,000 of the Bs are redeemable
Mar. 1 yearly. V. 76, p. 866. Form of guaranty V. 77, p. 90.
Finances.— See letter of President in July, 1903. V. 77, p. 89.
Latest Earni'gs.— 12 mos., ) 1903.Gross, $11,431,901; net, $3,467,188
Jan. 1 to Deo. 31.
10,590.415; net, 2,581,951
S 1902.Gross.
Surplus over charges, $1,008,826 in 1903, against $608,006 in 1902.
The Lake Erie A Detroit is inoluded in both years.
Report.— Report for 1902 at length was In V. 76, p. 1034.
Tear ending Dec. 31—
1902.
1901.
1900.
Gross earnings
$9,955,375 $9,201,175 $8,296,112
Operating expenses and taxes
7,510,534
7,110,212
6,330,593
&
;
Net earnings
$2,444,841
Add net land receipts
$2,090,963 $1,965,519
50,519
<
383; V. 78, p. 103.
Organization.— Incorporated Nov. 1, 1899, as a consolidation of
A West Miohlgan Ry., Detroit Grand Rapids A Western RR.
and Flint & Pere Marquette RR., per plan in V. 68, p. 1024, 1181. The
Lake Erie & Detroit River Ry., 230 miles miles, inoluding leased line,
24 miles, was taken over Jan. 1, 1903. Ln 1903 the Grand Rapids
Kalkaska & Southeastern, 40 m. (leased), was purchased. V. 77, p.951.
In Dec, 1902, a syndloate consisting of Thos. H. West and John F.
Shepley of the St. Louis-Union Trust Co., F. H. Prinoe, G. H. Norman,
Newman Erb, Nathaniel Thayer, T. F. Ryan, Mark T. Cox and others,
Chicago
acquired $9,271,700 of the $14,145,500 common stook, which, together
with $2,800,000 additional stook (about equally divided between oommon and preferred stock) have been placed In a 5-year voting trust,
thus ensuring control. The purchase of the Lake Erie A Detroit
River Ry. and an agreement for trackage with the Miohigan Central
and Canada Southern from Courtright Jet. to International Bridge
and Niagara, 200 miles, extends the line easterly to Buffalo. V. 77.
p. 2097.
On Mar. 6, 1903, the Pere Marquette International Bridge Co. was
organized to bridge Detroit River. Marquette A Bessemer Dock A
Navigation Co. inoluding docks at Conneaut and Fort Dover, on Lake
Erie, is controlled by the Pere Marauette and the Bessemer A Lake
Erie see "Bonds" below. V. 76, p. 480, 594, 706, 922, 1034.
The Pere Marquette RR. of Indiana line from New Buffalo to Porter. 22 miles, has been operated since Deo. 1, 1903; whence 18 miles
of traokage to Chicago; the Chicago Terminal Transfer facilities are
used. V. 76, p. 383, 594, 752; V. 77, p. 948, 1534, 2098.
Stock.—Authorized $16,000,000 common and $12,000,000 4 p. o.
non-cum. pref.; outstanding common $14,145,500, preferred as in table.
Dividend.— On pref., 1901, to Feb., 1904, both lnol.,4 p. c yearly
(F.&A.) Div. on common: 1 p. c, paid Aug. 1903; Dec, 1 p. c; 1904,
,
Mar., 1 p.
-
50
I
Plain bonds, gold
mortgage.
..r
Plain bonds, gold
..r
J
Bait.
Potomac lstM.(tun.)g.,s.t.,notdr'nx.o*
' st M., road, guar., gold, 8. fa., not drawn.. .xo*
P.B.&W.M.,(l8tonll7m.)$20,000,000,a*.I»Ioo*&r
Phila.4 Ohes.V.— l8tM.,pf.,old5s,red.'96,g.PePo*
1st m., old 4s, not pf., int. reduo' In '96, g.PePo*
1881
Whom.
Payable
Cent.
$5,000,000 4 g.&6 g.
5 g.
2,850,000
3,500,000
400,000
1,667,000
5 g.
142,000
6
80,000
5
694,000
5
3,500,000
4 _
7,882,000
4*2 g3,000,000
2,870,000 3to4g
80,000
6g.
4g.
1,000,000
260,000
675,000
4 g.
4ifl g.
400,000
N'neDeo.'OS
799,600
2 g
5 g.
1,125,000
4
385,000
RR.—8ee Atlantic Coast Link RR.
Ph.il.dtBalt.Cent.— lstM.$2,500,000,$l,200,0004i«8
Phila. Baltimore dk Wash.—Stook auth. $25,350,400
P. W.&B. (old Co.), plain bos.
f..r
All secured
Plalnbonds
..r
by 1903
Plalnbonds
. r
y
of O. Ind.
boiM#— ±Tinol
INTEREST OR DIVIDENDS.
pal.When Do©.
Rate per When Where Payable, and by Stocks— Last
*
Miles
Amount
of
Par
For explanation of column headings, Ac, see notes of
Road. Bonds! Value. Outstanding
on first page of tables.
Or. Rap. Kal.
1685
c.
Bonds—The oonsol. 4s of 1901 (total Issue $50,000,000) are limited
to $20,000 per mile of oompleted single track line, Inoluding underlying bonds, or $25,000 per mile double-track. Of the bonds, $26,656,000 were reserved to retire the same amount of old bonds. V. 72, p.
675. Of the Marquette Equipment bonds one-tenth will be retired
sinking
Searly by the 60 days' fund at par, and the entire issue may be oalled at
iat price on
notice. V. 72, p. 1184.
The collateral trust gold bonds of 1902 (limited to $2,870,000) are
secured by the entire capital stock ($1,400,000) of the Lake Erie
Detroit River Ry„ the National Trust Co.. Limited, of Toronto, being
trustee, and are subject to call on any interest day on 60 days' notice.
&
Total net income
$2,444,841 $2,141,482 $1,965,519
Deduct-Interest
1,451,705
1,356,389
1,319,331
Dividend on pref. stook
(4) 420,416 (4) 420,446 (4) 420,000
Equip, sink, fund payments
159.244
152,500
Transferred to lmprovem't fund .
200,000
.
Balance, surplus
$212,147
$213,476
$226,189
Officers.— Chairman. George H. Norman; President, F. H. Prinoe;
Vice-Presidents, Mark T. Cox, Newman Erb, New York; Vioe-Pres. and
Gen. Mgr., Myron J. Carpenter, Seo. and Tress., Charles Merrlam;
Auditor, J. E. Howard: Directors. Oct.. 1903, V. 76, p. 48, 1031; V. 77,
p. 1534.— (V. 77, p. 2098, 2159, 2281; V. 78, p. 103, 1168.
Perklomen
Owns from Perklomen Junction, Pa., to Emaua
Junction, Pa.. 38*3 miles.
Stock, $1,500,000 (par value of shares,
$50); owned by the Reading Co. and mostly deposited under Its Jersey Central collateral 4 per oent mortgage of 1901. V. 72, p. 283. Reorganized In 1887. In year 1902-03, gross, $452,476; net. $236,681;
Interest and taxes, $102,307.— (V. 71, p. 1013; V. 72, p. 283.)
Peterborough
Wilton to Greenfield, N. H., 10*9 miles.
Leased April 1, 1893, to Boston A Lowell for 93 years at 4 p. c on
stook ana expenses. Capital stook $385,000; par, $100; div., A. O.
Philadelphia <fc Baltimore Central
West folia, to
Ootoraro Jo.fMd., 63 miles; Wawa to West Chester, Pa., 9 m. (double
track, 13 m.); branch, 2 m.; leased. Chester Creek RR., 7 m.; Phila.
Baltimore & Washington holds $2,497,150 of the $2,499,189 stook;
For 1903 gross earnings, $1,066,459; net, inoL other income, $189,331;
oharges, $173,189; bal., sur., $16,142.
Philadelphia Baltimore
Washington
(See Map
Penn. fl-R.j—Operates from Philadelphia to Washington. D. C, and from
Wilmington, Del., to Delmar, Del., with branohes as follows:
RR.—
RR.—
RR.—
&
Lines owned—
Miles.
Philadelphia to Bowie, Md.,via
RR.—
Lines controlled, leased, etc—
&
Philadelphia
Bait. Central*!!. 80
Delaware RR.1T
258
Baltimore (all double track). 119
Bowie to Pope's Creek, Md
49 Delaware Md. A Va.1T
Branohes to Delaware City, etc 42 Other lines (5)
98
58
Total (fl see this company)
704
Organization.— A consolidation Nov. 1, 1902, of the Philadelphia
Wilmington A Baltimore RR. and Baltimore A Potomac RR. V. 75,
p. 395, 1032. As to proposed new terminals at Washington, D. C, see
V. 76,
p.
594, 812.
Stock.— Stock authorized, $25,350,450; outstanding Jan. 1, 1904
$23,489,150, of whloh $23,132,200 owned by Penn. RR. and $352,200
by Northern Central Ry.; of the stook, $3,000,000 was exohanged in
1903 for Bait. & Pot. oonsols. and $5,425 is reserved for the stocks of
the old oompanies not yet exohanged; par of shares, $50.
Dividends.
5
'88
'89 '90 '91
W.&B.)} 7% 7
'92 '93
'94 '95 '96 to '02.
Since,
see below.
6
7
6
7 7*3 7 6*3
In 1902, Jan., 4 p. c; July 3 p. o. First dividend (semi-annual)
since consolidation, 2 p. c, paid Deo. 31, 1902; 1903, 4 p. c (J&D).
Bonds.—The flrst mortgage of 1903 ($20,000,000 authorized) Is a
first lien on the Philadelphia-Baltimore division, 117 miles, all double,
(P.
—
.
RAILWAY STOCKS AND BONDS.
1086
RAILROADS.
For explanation of column headings, Ac,
on first page of tables.
Miles
of
eee notes
dk Erie— Common stock ($10,000,000 author.)
8peoial stock, 7 percent
Gen. M. (now 1st) gold, guar. p. & 1. by Pa. RR..0
r
do
($5,263,000 are 5s)
do
Phtla. dk Frankford—1st M., $500,000, gu.GnP.o*
Phila. Oerm. dk Norrist'n— Stock rental., P. A R. Ry.
Phila. Harrisburg dk Pittsburg—1st mort., gold.o*<tr
o*
Phil.Newt'ndkN.T.— 1st M., gold (see text)
Reading
By.-BE.is. Reading O
Phila. dk Trenton Stook 10 p. o. rental, Penn RR..
Piedmont dk Cumberland Stook, 5 per cent rental.
o*
let mortgage, gold, Interest rental.ITIe
Pine Greek— 1st M., guar. prin. and interest (end.)r
1
Piqua dk Troy— 1st M., $250,000, g., gu. p.
o
Pittsburg Bessemer dt L. 2?.—Com., 3 p. o. rental
Pref. stook, 6 per cent oum., guar, by rental
Lake Erie, 1st mort., gold.Ce..C
Pittab. Shen.
Consol. 1st mort., for $4,800,000, gold.Ce ..o*
Pitts. B. A L.E., consol. M., $10,000,000, g.Us.c*
Debentures, gold, $2,000,000. See text. DPI...
Bessemer eq. trust, $75,000, g., ea. July l.UPi.
Conneaut equip, trust, part due yearly, g.FPi
Shenango equip, trust, part due yearly, g. DPI..
«fc
—
Size, or
of
Par
307
307
307
307
$50
50
1869
1869
1892
1,000
1,000
1,000
1890
1892
1,000
1,000
50
"so
47
22
OMP A NT.
100
50
27
—
"29
1886
1885
1900
75
&
8
1,000
1,000
1,000
50
50
&
134
151
193
193
1890
1893
1807
1899
1897
1898
1899
1900
1901
Greenville equip, trust, $100,000 due y'ly, g.UPI
Butler equipment trust, $2,050,000 UP1
PyttsburaOhartiers dk Tough' y— Stock, $1.000,000.
19
Gen.M. $l,000,000,g..gu.p.Al.(end.)FPI See text
1,095
Pittsb'g Cincinnati Chic, dk St. Louis—Com. stook
"PrftfrtTTftti flf nob
1,095
208
< Col. & Ind. Cent.'morts. ($2,335,066" are ls"t M.)
1st M.(U'n City toLogans.)o*
93
I Union A Logansp't
($22,000,000)g.Un.o<fcr
580
Chio. St. L. APitts oon.M.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1892
.
1,000
50
100
100
1864
1865
1883
1,000
1,000
1,000
tracked, and also secures pari passu the $4,930,000 debentures of the
former P. W. & B. (see p. 4 of Sopp. of April, 1895). and is a second
lien on the line from Baltimore to Washington. Of the bonds $10.000,000 weie sold, the proceeds to be used chiefly in connection with
the new terminals and approaches in Washington, $9,430,000 of the
Pobalance being reserved to retire the debentures and Baltimore
tomac bonds. V. 78, p. 49. Mortgages, etc, 1903, $185,765.
Gross, $1,901,356; net, $184,196
Earnings— 2 mo., > 1904
Gross, 1,972.856; net, 386,796
Jan. 1 to Feb. 29. {1903
Report.— Statement for 14 mos. ending Dec. 31, 1903, was in V. 78.
other inp. 1168, showing gross, $15,760,912; net, $4,444,488;
come, $855,421; int., taxes, rentals, etc, $2,092,200; divs. (6 p. c),
$988,981; bal., but. $2,218,728, all applied to extraordinary expenditures.— (V. 77, p. 2340; V. 78, p. 49, 103, 343, 1168.
&
Philadelphia
&
Chester Valley
RR.— Road
from Bridgeport
to Downington, Pa., 23*9 miles. Chartered in 1888. Capital stock (par
$50) is, oommon, $550,000; preferred. $205,100; total, $755,100, of
which Reading Company owns $454,450 common and $205,100 preferred, of which $450,000 common and $205,100 preferred are deposThe Reading Company
ited under Its general mortgage of 1897.
guarantees the bonds, with interest reduced. See V. 63, p. 1064.
Philadelphia
& Erie RR.— (See Map Penn. RR.)—Owns Sunbury
to Erie, Pa., 288 miles; branches. 19 m.; double track. 123 miles
Organization, Lease, Ac—Formerly Sunbury A Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net receipts paid as
rental. Pennsylvania RR. owned Deo. 31, 1903, $3,499,800 common
and $2,400,000 special stook and $3,944,000 general mortgage bonds,
and city of Philadelphia (sinking fund) $2,250,000 common stook.
Dividends.— On oommon in 1892, 2 p. c; 1894, 2 p.c; 1901, 2 p. c;
1902 and 1903, 4 p. o. yearly. On "special," 1888 to 1893, 7 p. o. yly.;
*94 to '96, none; '97, 2%; '98 and '99, 4%; 1900 to 1903, inol., 7% yly.
Gross,
Earnings.— 2 months, )1904
$947,866; net, $94,975
Gross, 1,009,996; net, 165,691
Jan. 1 to Feb. 29.
J 1903
Annual Report.—Report for 1903 was given in V. 78, p. £16
1903.
1902
1901.
Tear end. Dee. 31—
1900.
Gross earnings
$7,781,186 $6,423,192 $6,789,689 $5,824,626
Total net Income
2,387,535 2,110,335 2,725,740 2,086,010
Interest on debt
1,019,150 1,019,150 1,019,150 1,019,150
168,000
168,000
168,000
168,000
Div. on special stook
Div. on com. stock ....(4%) 319,400 (4) 319,400 (2) 159,700
718,746
588,018 1,202,722
Interest on equipm't, Ac
757,491
Balance
-(V. 74,
p.
526; V. 75,
Philadelphia
sr$16 2,238 8r.$15,766sr$176,168sr.$141,369
V. 76, p. 383, 539; V. 78, p. 703, 816.)
p. 30;
& Frank ford RR.—Owns from
Crescentvllle to
Frankford, Pa., 2-6 miles. The $500,000 stook 1b owned by Reading
Company of which $498,950 is deposited under its mortgage of 1897.
In 1898 interest on bonds reduced from 5 to 4 per cent, principal and
interest being guaranteed by Reading Co.— (V. 67, p. 1358, 1357.)
Chestnut Hill
Phila. Germ,
See Connecting Ry.
&
Philadelphia Germantown
&
RR.—
Norrlstown
RR.—Phila.,
Pa., to Norrfstown and Germantown, Pa., 20*66 miles; second track,
20 miles; 3d track, 2-59 miles; total track, 99 m.; leases ^Plymouth
RR., 9 miles. Leased Nov. 10, 1870, to Phila. A Reading for 999 years;
rental, $277,623, including $8,000 yearly for organization expenses.
Philadelphia Harrisburg
6c
Pittsburg
RR.— Harrisburg,
Pa., to Shippensburg, on the Western Maryland KR„ 47 m.; 2dtraok,
3-38 m.; sidings and laterals 17*47 miles. Leased October 15, 1890,
for 999 years at 5 p. c on stock, interest on bonds, taxes and
expenses to the Philadelphia A Reading RR., which by endorsement
on each guaranteed the bonds, principal and interest. Lease assumed
in 1896 by Philadelphia A Reading Railway. Stook, $2,000,000 (par,
$50) ,owned by Reading Co. of which $1 ,995,000, along with $1 ,472,000
of the bonds also owned by the Reading Company are deposited under
its general mortgage of 1897. Mortgage is for $2,000,000.
Philadelphia
6c
York
Philadelphia to
Newtown, Pa., 22 miles; sldlnga and laterals, 3*42 miles. Stock—
oommon, $1,225,000; preferred, $400,000; par, $50. Of the bonds,
$849,100 (with coupons only partly paid— see V. 64, p. 331), are owned
by the Reading Co. and deposited under its general mortgage of 1897.
In Ootober, 1 898, interest on $507,000 bonds was reduoed to 3 per
cent, from April 1, 1897, and made a first charge, that on remainder
of issue being left at 5 per cent suhjeot to said agreement. V. 68, p.
773. Current liabilities June 30, 1903, $288,744. Year ending Jane
80, 1903, gross, $119,060; net, $16,151; oharges, $17,635.
,
Newtown
New
RR.—
Philadelphia A: It ending RR.— See Reading Company.
Philadelphia A Trenton RR.—Phila. (Kensington), Pa.,
to
MorTisvllle, Pa., 24 miles, mostly four-tracked, and branch 3 miles. On
leased, with the United Cos. of N. J., for 999 years to the
June 30, 1871,
Penn. RR. at 10 p. o. on $494,100 stook, the total issue being $1,259,100. the balance being owned by the United RR. of N. J.
Piedmont
6c
Amount
Road. Bonds Value. Outstanding
Phila.
Philadelphia
Date
Cumberland Ry.— Road
from W.V.
Junotlon, WVa., to Cumberland, Md., 29 m. Under the new lease of '99 the W. Va.
Co. A Pitts. Ry. receives all revenues and pays all expenses, 5 p. c int. on
bonds and 5 p. c. F.AA. on stock, of which It owns 92 per oent. V.
6», p. 590, 592; V. 73, p. 785. Previous dividends: 1894, 5 p. c; 1895.
6; 1896, 6,-1897. 5; 1898, 4; 1899,4.-(V. 69, p. 492; V. 73, p. 785.)
Pine III ii II A Wenlern Ky.— See St Louis & Iron Mtn. Ry.
C.
$7,985,000
2,400,000
8,680,000
11,143,000
500,000
2,246,900
2,000,000
1,417,000
|
(
Vol. lxxviii.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Du«.
Rate pert When Where Payable, and by Stocks—Last
I
Cent.
Whom.
Payable
Dividend.
4 In 1903 Semi an Phila., Broad St. Stafn.
7 In 1903 Yearly. Phila., Broad Bt. Stat'n.
and London.
do
6 g. J. A J.
4 g. <fe 5 g. A. & O. Phila.. Broad St. 8tat'n.
4g- F. A A. Phila. Comp'y's office.
12
Q .- VI. Phila.„Mar.AMer Bldg
5 g. AA015 Phila., Comp'y's office,
do
See text. A. A O.
do
- J.
See text.
10
(;
650,000
5
p. A A.
650,000
F. <fc A.
5
3,500,000
J. A D.
6
225,000
M. <fc N.
4
10,000,000
A. A O.
3
2,000,000
A D.
6
.T.
3.000,000
A. A O.
5
658,000
5 g. J. A J.
6,342,000
J. A J.
5
2,000,000
5
J. A D.
225,000
6
J. \- J.
240,000
M. & S.
6
653,000
5 g- A. A o.
1,000,000
5 g- M. A N.
2,050,000
5
A. A O.
700,000 4Jan.'O0
316,000
4 g. A. A ?•
24,780,000 3 in 1903 F. & A
27,452,000 4 In 1903 J. <fc J.
Various
2,996,000
7
715,000
A. & O.
7
1,506,000
5 g. A. A O.
Deo. 30,'03,294
Deo.31,'03,7%
July 1, 1920
July 1, 1920
Aug. 1, 1922
Mar. 4, '04, 3%
Oct. 15, 1925
Oct.
1942
1,
Phila. Company's Offloe Apr.,'04.2ifl%
Check from Co.'s office. Feb. 1, '04, 2>«
Baltlm.,HambletonACo Aug. 1, 1911
N. Y. Gd. Cent. Station. Deo. 1, 1932
Un. Sav. Bk. ATr.,Cin. Nov. 1, 1939
Check from Co.'s office. Apr. 1/04,11*
,
do
do
Dec.
N. Y. Central Trust Co.
do
N. Y., U.
S.
do
Trust Co.
1, *03,
Oct.
July
Jan.
3%
1940
1943
1947
1919
1,
1,
1,
1,
Un. Trust Co., Pittsb'g. June
do
do
J'ly 1, 1904-06
Fid. Tit. & Tr., Pittsb'g. Mch. 1, 1905-8
Union Tr. Co., Pittsb'g. Apr. 1, '05-' 13
do
do
May 1, 'll-'20
do
Apr. 1, 1921
do
Jan. 15/00, 4%
Apr. 1. 1932
T. Co. Feb.l5,'04,li«
Pittsburg, Office.
do
do
N. Y., Farm. L. A
N.Y. .Farmers' L'nATr. Jan.16,'04,2%
N. Y., Union Trust Co.
Nov., 1904
do
do
Dec, 1905
do
do
Oct.
1932
1,
Pine Creek Ry.—Owns
Stokesdale Junotlon, on the Fall Brook
75 miles. Organization.—N. Y.
Oentral controls the capital stook and leases the road for 999 years,
from May 1, 1899, for $35,000 yearly, payable quarterly, Q.-F., bond
Interest and taxes.— V. 68, p. 379,573, 773, 872. The 1st mortgage Is
guaranteed by the Reading and the New York Central, Jointly and
severally. See form of guaranty, V. 56, p. 650. Stook, $1,000,000
(par, $50); July 1, 1903, N. Y. Central owned $999,000.— (V. 68, p. 573.)
Road, to Newberry Junction, Pa.,
Pittsburg Bessemer
6c
Lake Erie RR.— Owns
com-
line
pleted In August, 1897, from Bessemer, near Pittsburg, Pa., to
Conneaut Harbor on Lake Erie, and Wallace Junotlon, Pa., 155
miles; terminal In Erie, etc, Pa., 2 miles; branches, 21 miles; leases
Meadville Conneaut Lake A Linesvllle RR., Linesville to Meadville, 22
miles; trackage to Cascade, near Erie, etc., 13 miles; total. 213 miles.
Most of road owned was to be double-tracked In 1903. V. 75, p. 1203.
Organization, Etc.—A consolidation Jan. 14, 1897, of the Pittsburg
Shenango & Lake Erie and the Butler A Pittsburg. Carries Iron ore
south and coal north. See V. 63. p. 1159; V. 65, p. 152. Boat lines to
Canada, eee V. 77, p. 1228; V. 76, p. 1358, 922; V. 61, p. 241, 795.
Of the stock $5,500,500 oom. and $500,100 pref. are owned by the
Oarneprie Co. and deposited under its collateral mortgage. Leased
for 999 years from Apr. 1, 1901, to the new Bessemer A Lake Erie
RR., a subsidiary organization of the Carnegie Co. for 6 per oent on
pref. and 3 p. c on oommon stook, Interest on bonds and organization
expenses, etc, the lease being guaranteed by the Carnegie Co. V.
72, p. 137. Through Carnegie Co. Is controlled by U. 8. Steel Corpo'n.
Bonds.—Debentures of 1899 may be called after June 1, 1909, upon
company paying i« per oent for eaoh year of unexpired term.
The P. B. A L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y.), ooverlng all the railroad, property, rights and
franchises of the consolidated company. Including the agreement with
the Carnegie Steel Co., Limited, and the Union RR. Co. Of the 5s of
1897 $4,800,000 reserved to retire Plttsb. Shenango A Lake Erie bonds.
Earnings.— Report of lessee company for year ending; Deo. 31, 1903,
was in V. 76, p. 749. In 1902 Bessemer A Lake Erie gross, $4,122,720,
against $3,843,367 in 1902; net, $1,798,331, against $1,668,514.
(V. 75, p.
185,1203.)
6c Western Rr.- Under construction as
extension ofWheel. A L. Erie from near Jewett, O., to Pittsburg, Pa,
60 miles to be completed by July, 1904. See V. 76, p. 543.
To be merged with the Wheeling A Lake Erie, forming in
connection with Wabash, an independent route to Pittsburg for the
Missouri Paclno and associated lines. A oontraot providing a large
tonnage was made with the Carnegie Co. (now controlled by the U. 8.
Steel Corp.) Stook, $2,000,000, all outstanding. A syndioate la supplying the funds for construction.— (V. 77, p. 951.)
Pittsburg Chartlera Ik Youghlogheny Ry.—See page 1747.
Pittsburg Carnogle
;
Pittsburg Cincinnati Chicago
Lines owned.
Miles.
Plttsburg.Pa., to Chlcago.Ill. 509
Rendoomb Jo. to Anoka Jo . . 166
Bradford Jo. to Indianapolis. 104
Indianapolis to Jeffersonvllle 108
.
216
Branches
Total
owned
1,103
Trackage—
Indianapolis to
Kokomo
Louisville Bridge, etc
Lines leas'dW See these oo's.)
55
5
Miles
6c St.
Louis Ry.—
—
See
Lines leased Con.
Ohio Connecting Ry
Map.)—
Mile*
Wheeling A Ky
Eng. Connecting Ry. in Chio.
Pitts.
Otherllnes
Operated under their own
organization
Pittsburg Chartlers A Youghlogheny Ry
5
28
2
1
—
A Musk. Val. RR
Waynesburg A Wash. RR
Clnoln.
21
148
28
Miami.'.'.*.'.'.""."."."."."."."."
194
Total of all Jan. 1,1904. ..1,615
Organization, Ac— Formed In 1890 by consolidation (per terms In V.
50, p. 875) of Chicago St. Louts A Pittsburg, Jeffersonvllle Madison A
Indianapolis, Cincinnati A Rlohmond and Pittsburg Cin. A St. L. Controlled by Pennsylvania Company through ownership of stook. As to
interest in majority of Hooking Val. oommon stook, see that oompany.
Capital Stock.—The stook authorized Is: Common, $45,000,000;
preferred, $30,000,000; par, $100. Outstanding Jan., 1904, oommon,
flLittle
$24,780,017; preferred. $27,452,08*. Stockholders in Dec, 1903,
subscribed to *4,75O,OO0 preferred stock, inoreaslng the amount outstanding to $27,452,000. V. 77, p. 1747; V. 78, p. 229. Suit V. 68. p.
381: V 69, p. 1248; V. 70, p. 126. Of the pref. stook. $15,000.000 Is
E lodged as collateral under Penn. Co. certificates of 1901 and $8,200,00 preferred aud $14,500,000 common stook under Penn. Oj. collateral betterment notes, due Oct., 1905. V. 73,p. 957; V. 78, p. 1276.
The preferred stook Is " non-cumulative and entitled to a dividend
of 4 per oent per annum out of the net earnings as declared by the
Board, with the right after 3 per oent has been deolared on the
oommon to an additional 1 per oent, making 5 per oent in all."
After 5 per oent on both oommon and preferred, the two share pro rata.
Drvs.— ) 1892-93. '94. '95. '96. '97'98. *99. '00. '01. »02. '03. 1904
On pf %.— $ 4 yearly.
Jan. ,2
On com., 1%, Aug. 15, '01; slnoe to Feb., '04, inol., 3% yearly (F&A).
Stock of Old companies unexchanged Nov. 1, 1903: Pittsb. Cin.
A St. L. oommon, $26,750. Chio. St. Louis A Plttsb., oommon, $442,267, and preferred, $5,352; Steubenville A Indiana, oommon, $78,271,
and preferred, $750; Jeff. M. A I.. $5,000.
Bonds.— The consolidated mortgage for $75,000,000 (Farmers' Loan
A Trust Co. of N. Y. and W. N. Jaokson, trustees,) oovers the entire prop.
202
34444
Ape., 1904.]
RAILWAY STOCKS AND BONDS.
1()87
»
,
RAILWAY STOCKS AND BONDS.
1688
[Vol. lxxviii.
Cyjjl
Ali
Regis
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RAILWAY STOCKS AND BONDS.
1689
F
RAILWAY STOCKS AND BONDS.
1690
RAILROADS.
Date
Miles
Size, or
Amount
of
Par
of
For explanation of column headings, Ac, see notes
Road. iiomls Value. Outstanding
on first page of tables.
8t.L.—(0on.)—Bt. A Ind. 1st M.r
A In. 1st M. (s. f. drawn at 110).c
2d mort., Jenersonv., Ky., to Indianap. A br"h.c
Pitt*.
Oin. Okie.
Jeft'nville,
<t
Mad.
'•A,"g.o'
B," g.o*
" C," g.o* 1,095
"D,"g.o*
" E," g.o"
•
Con. M., $75,000,000, gold, guar. p.&
(end.)
1.
by Pennsylvania Company.
" F," g.o*
Toledo-Bee Baltimore <fe
Pxltsb.Ft. Wayne <t 0.— Gen. stk., 7 p. o. guar. Pa. RR.
Guaranteed special imp. stook, 7 p. o. guar, by end
lstmortgage.seriesAtoF) Sink, fund, cumulaseries G to MJ
tive, not drawn, o*
do
2d
3d mortgage
Pittsburg <t Lake Erie—Stook, auth. $10,000,000...
o
1st mortgage, gold
o
2d mortgage, gold, Series A. & B.N
west— New mort., g.,see text.B.o'&r
Piita. Lisbon
P. L. A W. Ry., 1st M., subject to call at 105
Pittsburg McK. <& tough.—Stock, guar., see text
1st mortgage, guar, by P. & L. E. and L. 8. & M. S.o
2d M., gu. p.<fel. (end.) by P. & L. E. and L. 8. A M. 8. c
MoKeesport A Belle Vernon, IstM., g„ ass'd. FP1
Pitts. Ohio Vol.<£ Oin.— 1st M. g., s.f. notdrn.FP.o*
Pittsburg Painsesv. <£ Fairport—Bee Baltimore A
Pittsb. Shawmut <CNo.— IstM. g.,$12,000,OOOColo*
New mortgage, gold. $1 5,000,000
Pittsburg Virginia dt Charleston—Stock ($6,000,000)
1st mortgage, *6.000,000, gold, «uar. p. A i..
Pitts. Term JtK. <£ Coal— W.Slde Bolt, 1st M., g.CFi
Pittsb. Terni'l, 1st M., $7,000,( 0'). gold.CP*. c*
a Sinking fund Jan. 1, 1904, held $2,254.000
Pittsburg Cleveland
<&
<t.
Ohio RR.
470
470 1871
468
468
468
100
100
1862 500 Ao.
1862 500 Ac
1862 500 &0.
50
1878
1,000
1889
1,000
1902
1,000
1896
500
1884
50
1882
1,000
18S4
1,000
1888
1,000
1890
1,000
"71
71
"25
"57
57
40
15
Ohio RR.
1899
1902
1,000
50
101
l'9'6'3
.
1897
1902
Text.
Text,
addttl onal.
1.000
1.000
1902.
1.164
$22,610,557
5,705,687
71,042
$5,776,729
1903.
1,164
1901.
1.156
$24,650,401
Grossearnlngs
$20,683,174
5,874,88?
5,996,621
Netearnings
61,182
x 220,815
Miscellaneous
$5,936,067
Total net earnings
$6,217,436
$2,186,113
$2,202/05
$2,161,601
Interest on bonds
132,361
131,687
132,239
Rentals paid
589,9- 8
254,878
224,355
Car trusts (including interest)
"1,369,075
"1,398,357
-1,800,990
Miscellaneous
(4%)908.03rt (4%) 907926 (4%)907,870
Dividends on preferred
3%) 7 43.378 (3%) 743296 (2ia%)618,832
Dividend on common
Balance, surplus
$7,116
$138,080
$371,549
* Lnoludes extraordinary expenditures in revising grades, alignment,
x Inolndes profit in operating Little Miami RR. and St. L. V.
etc., etc.
(V 77, p. 1747; V. 78. p. 229, 1271. 138 7, 1397.)
AT. H.
Tol. RR.— See Bait. A Ohio RR.— (V. 76, p. 49.)
Pittsb. Cleve.
Pittsburg Fort Wayne dc Chicago Ry.— (See Map Penn. RR.)—
Road.— Owns from Pittsburg, Pa., to Chicago, 111., and br., 470 miles.
Double track, 271 miles, of whioh part was built In 1893. In July, 1900.
66 miles of additional second track was under construction.
Lease, Ac—Foreclosed Oct. 24, 1861, and reorganized. From July
1, 1869. leased In perpetuity to the Penn. RR.; rental pays Interest, sinking fund of debt and 7 per cent on stock, payable Q.-J. The
lessee keeps road in repair and pays taxes and expenses.
Dj July, 1901, an extra dividend of 2 per cent was declared on both
stocks, but It will be paid on the guaranteed speoial stook only In case
.
(
RR—
&
the courts hold that stock entitled; to
It.
V. 72, p. 821, 1188.
Capital Stock.—The special Improvement stock is issued to Pennsylvania RR. for improvements, Ac, under article 16 of lease, which
frovides that the lessor may issue special bonds or stook. See V. 50, p.
39, and wording of endorsement in V. 56, p. 774. The speoial stock
le In all respects subject to the general or prior stock and "to the
rights of holders of said general or prior stook to have distributed to
them in quarterly instalments an annual dividend fund of $1,380,000
free of all taxes." This special stock Is issued from time to time for
betterments; in 1898, $335,300; in '99, *824,907; in 1900, $1,002,700;
1900. $1,291,200; In 1902, $1,418,200; in 1903. $2,010,400. Of the
$24,033,300 guaranteed speoial stook outstanding Nov., 1902, $20,925,900 is pledged to secure bonds of Pennsylvania Co. V. 75, p. 1087.
In
Bonds.—The first mortgage is In series of $875,000 each and seoond
mortgage of $860,000. Of the above 1st mortgage bonds, $3,044,000
and of the seoond mortgage $3,257,500, and $2,450,480 cash, were held
in the sinking funds June 1, lg03.
Report.— Report for 1898 in V. 69. p. 127. In 1903 profit to le««iee
was $316,214; In 1902, $781,049.-(VT 75, p. 1087; V. 76,p. 1356, 1408.)
Pittsb. Johnstown Ebensb. A Eastern RR.— V. 77, p. 628.
Pittsburg Junction
RR.—
See V. 67, p. 688, 788, 954, 1056. B.
In oontrol, owning all of the securities except $31,900 oommon stock, $959,000 first 6s. $250,000 second 5s and $201,000 Terminal Co. 5s. See B. A O. and V. 69. p. 1063, 1192 and V. 70, p. 77.
A O.
Is
Pittsburg
A Lake
RR.—
Erie
Owns from Pittsburg, Pa., to
O., 68 miles, to be four-tracked; branoh lines to Newcastle,
Pa., 4 miles; total owned, 72 miles (of which 70 double track); leases
Pitts. McKeesport
You«h. (which see), 112 miles; Mahoning State
Youngstown,
A
Line RR.,3 miles, and Beaver A Ellwood RR., 3 miles other, 4 in.;
total operated, 1 94 miles.
Owns $139,850 stook of Pitts. Charters A Yough. P. A L. E.
Itoperated in Interest of L. 8. A Mich. So., whioh owns about $5,050,000 of stock. The stockholders voted on June 29, 1903, to lnorease
the stock to $10,000,000, to provide for improvements, Including the
four-tracking of the line from Youngstown to MoKeesport, etc,
the new stook being offered to stockholders at par; payment to be
made July 31, 1903. V. 77, p. 37.
DIVIDENDS.- ( 1884 to 1891.
1892.
1893 to Feb., 1904.
Per cent. <
6 yearly.
8
10 yearly.
Annual Report— For year ending Dec 31, 1903, gross, $11,280,;
129; net, $2,491,160. In 1902, gross, $10,098,706; net. $2,236,471;
taxes. $143,430; interest. $227,408; rental. $479,736; other, $13,728;
div., (10 p. c), $500,000 bal., sur., »72.169. In 1901, gross, *°.«*'.
$8,047.167.-(V. 76, p. 973, 1401; V. 77, p. 37; V. 8, p. 344 )
;
.
Pittsburg Lisbon Ac Western
O.,
RR.— New Galilee, Pa., to Lisbon,
25 miles; Saleni to Waphlngtonvllle,
O., 7 m., coal road, 3 miles.
consolidation in Nov., 1902. V. 75, p. 794. Stock, all outstanding
$5,000,000, all common, The 4s of 1902 are limited to $40,000 per mile
of single main track road now owned or hereafter acquired, lneluclinic
provision for underlying bonds, #162,000 bonds being reserved to
retire the $150,000 fives of 1896. See V. 76, p. 383. For 713 mos end-
A
-
Cent.
A J.
A O.
A J
A O
A O.
N.
A N.
A A.
J.
7
7
A.
J.
4i«g. A.
4iflg. A.
4»sg. M.
&
N. Y., Nat'l City Bank.
Jan.
N.Y.,Farmers'L'nATr.
do
do
do
do
do
do
do
do
do
do
do
do
do
D.
do
<fe
4g. M.
3ia g. F.
4g. J.
Oot.
19,714,286 See text. Q.-J. N. Y., Winslow, L. A Co.
26,043,700 See text. Q.-J.
do
do
Various
do
do
5,250,000
7
Various
do
do
5,160,000
7
do
2,000,000
do
A. A O.
7
10,000,000 10 in '03 F. A A. Pittsburg, Co.'s Office,
do
do
2,000,000
J. A J.
2,000,000
SI: A. A O. N. Y., Seourity A Tr. Co.
600,000
J.
D. N. Y.,Bo wl.Green Tr.Oo.
150,000
J. A J. N.Y., Bowl.Green Tr.Oo
3.959,650
6
J. A J. N. Y., Union Trust Co.
do
do
2,250,000
6
J. A J.
do
do
1,000,000
6
J. A J.
600,000
A J. Pittsb'g, Fidelity Tr.Co.
6 K.
290,000
5 g.
A O. Phila., Broad St. Stat'n
A
164,000
5 g.
6,419.600
4 g.
6,000,000 7 in 1903
6,000.000
4 g380.000
5 g.
-5 gSee text.
Due.
Stocks— Lasi
Dividend.
Whom.
Payable'
5
pal, When
bj
<
M.
A
A
&
A.
A.
N.
Central Trust Co.
Philadelphia Office.
M.
&
S.
July
Oct.
Apr.
Nov.
Nov.
Aug.
Dec.
Apr. 5, '04, 1\
Apr. 1,'04, lh
July 1, 1912
July 1, 1912
July 1, 1912
Feb. 1,'04, 5%
Jan. 1, 1928
Jan. 1, 1928
Deo. 1, 1952
July 1, 1926
Jan., 1904, 3%
July 1, 1932
July 1, 1934
July 1, 1918
Oot.
Colonial Tr. Co., Pittsb.
F.
F.
J.
1914
1906
1910
1940
1942
1942
1945
1949
1953
1,
1,
1,
1,
1,
1,
1,
1,
1,
1920
1,
Feb. 1, 1949
Feb. 1. 1952
Nov. 1,03, 3**
1943
&
do
J
Sent. 1.
July
do
1,
1937
1942
b«l,l5 7.000.
erty. Sufficient oonsols are reserved for the purpose of retiring all seotlonal bonds at maturity, at whioh time they must be paid off. The
remainder are Issuable for Improvements, additions etc They are
guaranteed uncondltionallv as to principal and interest by the Pennsylvania Company. The six series are all equally secured. 8eeadv.
In Chronicle May 21, 1892, and guaranty on bonds, V. 56, p. 604.
Latest Earns.- 3 mos., > 1904.... Gross, $5,634,899; net, $977,875
Gross, 5,642,606; net, 1,297,342
5 1903.
Jan. 1 to Mar. 31.
Annual Report.— Report for 1903 at length in V. 78, p. 1271, 1397.
Tear ending Dec. 31.
Miles operated (system proper)
,Baita»— i-rinol-
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
1864 $1,000 $3,000,000
1866
a689,000
1,000
1870
1,000
1,970,000
1890 1.000
10,000,000
1892 1,000
8,786,000
1,000
1,379,000
,1892
1,000
4,983,000
fl895
1899 1.000 blO.841.000
1903 1,000
2,000,000
116
222
222
[Vol. lxxviii.
ing June 30, 1903 (32 miles), gross, $54,448; net, $16,013; ether income, $1,303; charges, $20,423; bal., def., $3,107. President, N. B.
O.— (V. 75, p. 794. 907, 1032; V. 76. p. 49, 383.)
Pittsburg McKeesport A Voughiogheny RR.— Owns from
Billingsley, Lisbon.
Haven, Pa., 57 in.; MoKeesport to Brownsville, Pa., 40 m.;
branohes, 13 m.; leases 2m.; total, 112 m., of whioh 50 m. double track.
Lease.— Leased to Pittsburg A Lake Erie RR. for 999 years. Rental
is 6 per cent on the stook, principal and interest of the Pittsburg McK.
A Yough. bonds being guaranteed by Pittsburg A Lake Erie and Lake
Shore & Miohlgan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The guaranty of the stook is on the
express condition that the holder shall accept par for the same on July
See wording of guaranty in V. 56, p. 774. Stook authorized,
1, 1934.
$4,000.000 first mtge. bonds authorized, $2,250,000 2d intge. bonds
authorized, $1,750,000.
Profit to lessee in 1902 $2,373, of whioh
one-half was payable to the Lake Shore A Michigan Southern.
Pitts, to N.
;
;
Pittsburg Ohio Valley
aire, O., to
A Cincinnati RR.—Owns
road Bell-
Powhatan, O., 15 miles. Operated for cost by Pennsylvania
Company In connection with Cleveland A Pittsburg since Deo. 1, 1892.
Stook, authorized, $1,500,000; outstanding, $300,000; par, $50. Trustee of mortgage (for $1,500,000), Fidelity Trust Co. of Phila. Year
ending Dec. 31, 1903, gross, $42,122; net, $8,567.
Pittsburg Palnesville A Fairport RR.— See Bait. & Ohio RR.
Pittsburg Shawmut A Northern RR.— Road— Projected as
a short route from the bituminous coal
fields in Elk and Jefferson
(on the N. Y. Central A Hudson
River RR.), Including branohes. 350 miles. The first division, Wayland
to Shawmut, Pa., with branches, is in operation, viz.:
OwiUdr—
Miles.
Leased— (.CnncL)
Miles
counties, Pa., northerly to
Maoedon
Pa
....
....
46
23
Hornells. Jet. to Hornellsvtlle
Trackage
70
Mt. Jewett to Corryvllle,
Hydes
12
7
Brockport to Brockwayrille, Pa. ...
Corry ville. Pa., to Larabee
10
—
to
Shawmut. Pa
6
4
3
Leased—
13
Total operated
176
Organization —Re-organized without foreclosure in 1901, under
plan in V. 74, p. 327, only $1 64,000 of old $6,000,000 5 per cent bonds
not having assented. The Kersey RR., 12 miles, formerly leased, and
about 150,000 additional acres of coal lands and mineral rights were
placed under the new mortgage. V. 74, p. 327, and Clroular, p. 578.
The non-assenting bonds have received interest to Aug., 1903. The old
lsts exchanged for the new bonds have not been canceled. V. 75, p.
291. Car trusts July, 1903. $268,90b.
Stock.— All com., auth., $15,000,000; issued, $11,700,000; par $100.
Latest Earnings. -For 3 mos. ending Deo 31, 1903 (on 168 miles),
gross, $227,891 net. $82,010; net of ooal properties, $7,115; charges,
$71,128; bal.. sur., $17,997. See V. 78, p. 1498.
Earnings.— For the year ending June 30, 1903, railroad earnings (on
168 miles) were: Gross. $680,967; net. $247,358; other income,
$19,754; Interest, taxes, etc, $351,118; bal., det, $84,006.
Officers.— President, JohnByrne; 45 Wall St.— (V. 78, p. 1498.)
Pitts. Mi e u a ii go a Lake Erie.—See Pitts. Bessemer A L. Erie.
Plttsbnrg Terminal RR. 6c Coal Co.— Owns $1,065,000 of
the $1,080,000 stook of the West Side Belt RR., having a belt line extending from Pittsburgh to Clairton, Pa , 20'6 miles, and Banksvilie
Jet. to Banksvilie, 2 in., with 13 miles of sidings, a total of 35*6 miles.
Has Its own river tipples and connection with all roads entering Pittsburgh. Owns in fee about 15,000 acres of coal and 700 acres of surface lands adjoining in Allegheny Co., Pa.; daily capaoity to be about
14,000 tons by June, 1904. See proKppotus, V. 78, p. 703.
Incorporated in Pennsylvania April 23, 1902. stock, $14 000,000,
all of one kind; par of shares, $100 each. Bonds are secured on coal
lands and by mortgage of West Side Belt RH whioh guarantees the
bonds, priuclpal and Interest, and by pledge of West Bide Belt stook
owned. Sinking fund for bonds. 8 cents per ton of ooal mined. Of
the bonds, $380,000 are reserved for the West Side Belt bonds.
Presidont, Charles Donnelly; Treasurer. Joshaa Rhodes; Secretary,
J. G. Patterson; Asst. Treasurer, W. G. Rock. Offioe, Farmers' Bank
Building. Pittsburgh.— (V. 76, p. 1408; V. 77, p. 703.)
;
,
|
Pittsburg Virginia
Charleston Ry.— South
Pittsburg, Pa.,
Ac, Pa., 101 miles. Oper. bv Penn. RR.. whioh owns
the $6,000,000 stook. V. 76, p. 1306. The guaranteed 4s of 1903 ($6,000,000 authorized issue) were used to retire the $3,431,000 4^8 and
certificates of indebtedness owned by the Penn. RR. V. 77, p. 1747,
1875; V. 78, p. 827.
Dividends > '92. '93. '94. '95 '96. '97. '98. '99. '00. '01. '02. 1P03.
4c
to Brownsville,
—
Per cent.
..555*55556 777
Earnings.— Year end. Deo.
7
31, 1903, gross, $4,176,400; net, $1,231,412; other Income, $5,710; fixed ohar*res. etc. $889,928; dividends (7
p.c), $264,068; bal sur., $83,127.-(V. 78, p. 103.)
Western
Pittsburg
(See Map of Bait. <£ Ohio.)— ROAD—
Owns Allegheny, Pa., to New Castle. Pa., 59 miles; standard-gauge
branches to Foxburg, 59 miles; 3ft gauge lines to Mt. Jewett, etc,
101 miles; total owned, 219 m.
status. — IvoimI sold on Oot. 9, 1901, under the 2d mortgage and reW. RR^, B. A O. pledging as part security for its own
organized as P.
Pittsburg Lake Erie
West Virginia system 4s the entire $13.*00.000 of new stock, $6,884,000 of the $9,700,000 first mortgage 4s of
,
A
A
RR.—
A
'
.
APK..
J
RAILWAY STOCKS VXD BONDS
1)04.
RAILROADS.
Date
Miles
Size, or
of
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value.
on first page of tables.
Pittsburg dt Western— Bee Baltimore St Ohio RR.
Youngsl. dt Ashtao.— Com. stook, $2,000,000
Preferred stock, $2,000,000
Ashta, & Pittsb. 1st M., Y'ngst'n to Asht.o'&FPr.
Consol. M. (for $4,000,000) s. f. 1 p.c, not dr.F.cPlymouth dt Middleboro, 1st M.,int. gu.by Old Col.o*
Pontiac Oxford dt North.—1st M., g., $400,000. 1»Ie.o*
125
125
62
125
15
100
Pittsb.
Rochester—See Boston A Maine RR.
Stook
dt Rumford Falls.
c"
Consol., now 1st, mort., $1,000,000, gold. .OB.
o
Plain bonds, sinking fund, gold, $350,000
Portland Union At/. Sta.— 1st M., ser. "AAB,"gu.s.f
Port Reading.— 1st M.,g., gu.by old P.&R.PeP.o*<tr
PotomacYalley— 1st M.$2,000,000, g,guITIeHa o*Ar
PotosidlRio Verde— 1st M., $15,000 p. m.,s.f.Mo.C*
o'
Providence dt Springfield—1st M. gold
Providence dt Worcester—Stock. (10 per cent rental)
Portland
Portland
dt
—
21
31
40
28
51
51
15
60
1st M.(refund'g),cur., $1,500,000. V.63,p.l064.o*
Consol. mort., $1,400,000 (4 p. o. for 3 years)....
Inoome mort.. $600,000
Railroad Securities- Stock, com., $10,000,000
Pref. suck, 4a>er cent oum., $10,000,000.
111. Cent, stk. mt. certs, cum., g.,ser. A,red. 105U*
1878
1887
1892
1896
1,000
1.000
i',606
100
1896
1,000
1897 500 Ac
1887-9
1891
1891
1898
1892
1,000
1.000
1,000
1,000
1,000
100
1897
1897
1895
1901
1901
1901
1,000
500
o
7*4
Read'g hell— lPtM.g..$750,000.gu.p.Al.end.OP.c*
1902
1,000
IB LXN E Ry.
1903
1,000
1889
1,000
1862 100 <feo.
1864
1,000
1877
1,000
1900
1,000
1887. $81,000 old 6s (all). $136,000 of the $219,000 Pittsburg New
Castle & Lake Erie 4s due 1917 and $3,500,000 new mortgage bonds
Western RR.—V. 73, p. 445, 785.
of Pittsburg
Repobt.— Last report (V. 73, p. 1109). Earnings slnoe July 1. 1902,
are Included in those of B. A O. For year 1900-01, gross, $4,080,687;
net, $1,531,029. (V. 74, p. 208.)
&
Yonngstown & Ashtabula RR.— Owns Kenwood
Pa., to Ashtabula Harbor, O., 99 miles Niles to Alllanoe Junction, O.'
25 miles; Canfleld Branch, 1 mile; trackage, 3 miles. Total, 128 milesOrganization.— Leased August 1, 1887, to Pennsylvania Oompany, wnloh Jan. 1, 1903, owned $375,000 common and $1,550,000 preferred stock; rental net earnings. Lease terminable at cither's option
Dividends. > 1890. '91. '92-95. '96. '97 to 1900 '01. '02. '03. '04.
3 6 y'ly. 6*9 6 yearly. 6% 7
7 Mar ,3>«
Common, D.o.J 2^
On preferred, 1888 to Mar., 1904, 7 per cent yearly (M. 8.)
Bonds.—Bonds of 1887 are reserved to retire 6s.
Earnings.— In year 1903 gross, $2,767,821; net, $974,515; other
;
A
income. $10,995; int.. Improvements,
$212,044 bah, def., $459,267.— (V. 73,
;
Pontiac Oxford
etc., $1,233,133;
p. 616.)
dividends,
A Northern RR.— Operates road from Pontiac
In year 1902, gross, $197,897
Mioh., to Caseville, Mich.. 100 miles.
net, $68,474; Interest, $24,000; dividends, $50,000; Stook, $1,000,000.
Dividends: In 1890, 1 p. 0.; 1891,3; 1892, 4; 1893, 6; '94, 4; '95, 3^;
1902, 5. Litigation, see V. 77, p. 299. President,
1900, 4; 1901, (1)
(V 77 p. 299.)
Hugh Porter, N.
;
;
Y—
A
Portland Ruin ford Falls Ry.— Owns Rumford Jot. to Rumford Falls, 54 miles branch to Otis Falls, 10 m.; trackage (Me. Cent.)
Rumford to Lewiston, 4 m.; total operated 68 miles. Controls Rumford Falls A Rangely Lakes RR., 41 miles of track.—V. 69, p. 954.
)1896 '97 '98 '99 1900 1901 '02 '03 '04
Dividends—
;
6
6Mar,m
Anndal Repobt —Report for 1900-1 was in V. 73, p. 1008.
Net.
Olh.inc. Int., tax., etc. Divid'ds. Bal.,sur.
Tear— Gross.
1902 3. .$618,983 $271,828 $21,611 $86,716 (6)$120,000 $86,723
1901-2
528.821 218.648
27,865
80,656 (6)90,000
75,857
-(V. 72, p. 1188; V. 73, p. 1008; V. 75, p. 612; V. 77, p. 770.)
Peroent
S
5
4
4
6
4
6
.
Portland Union Railway Station.— Stook,
guaranteed Jointly by Boston
A
$50,000.
Maine and Maine Central.
Bonds
RR.—
Owns 21-21 m. of road, completed In Sept.,
Port Reading
1892, from Port Reading Jet., N. J., to Staten Island Sound; sidings
and laterals, 32 m.; total, 53-2 m. Capital stock authorized $2,000,000—
par $100, all owned by Reading Company, $1,555,000 being deposited
under its general mortgage of 1897 and $440,000 under Jersey Central
collateral mortgage.— (V. 55, p. 544. 639. 680.)
Potomac Valley RR.— Opened In Sept, 1892, Potomac Valley
June, Md., to Cherry Run, W. Va., on the B. A O., 14 miles, and
from Porters, Pa., to York, Pa., 17 miles; total, 31 miles. Leased to
Western Maryland, which owns the $500,000 stock, the earnings over
charges being declared and paid yearly as dividends. The bonds of
1941 have principal and Interest guaranteed^ Jointly! and severally,
by the Western Maryland RR. Co. and the Baltimore A Harrisburg Ry.
Co., being so endorsed. The bonds have a sinking fund of 7-10 of one
per cent. For year ending Sept. 30, 1903, gross, $366,526 net over
taxes, $199,421 Interest on bonds, $65,0OO; bal., sur., $134,421. In
1901-2, gross, $481,354; net,$296,179.-(V.76,p.H44; V.77,p.2160.)
;
;
Potosl
A Rio
Verde Ry.— Owns
a narrow-gauge road from City
of San Luis Potosi, Mexico, to Hacienda Alvarez, 40 miles. Has concessions for 99 years, expiring Nov. 4, 1985, when railroad becomes
the property of the Mexioan Government. Company is exempt from
taxes and import duties for 15 years. Bonds are subjeot to call at 110
and Interest on any interest day. Pres., Robert 8. Towne; Sec, C.J.
Nourse Jr., 27 William Street, New York.
A
RR.—
Providence
Springfield
Providence, R. L, to Douglas,
Mass., on the New England main line, 28 miles. Stock is $517,450 (par.
$100), mostly owned by the N. Y. New H. A Hart. V. 61, p. 1014. Road
leased (terms modified in July, 1896.) to New England RR. till July
1, 1989, at 4 per eent on stook. See V. 63, p. 30, and New England
RR. report V. 63, p. 698. The bonds were guaranteed by the N. Y.A
New England (since foreclosed).— (V. 63, p. 30.)
Providence Terminal Co.— V. 78, p. 1110.
Providence Worcester
Owns from Providenoe, R. L, to
Woroester, Mass., 44 miles, of which 5 miles are owned Jointly with
Boston
Providence; branches, 7 miles; total owned, 51 miles}
From July 1, 1892, leased for 99 years at 10 per cent per annum on the
Btookto the N. Y. N. H. A Hartford.— (V. 63, p. 1064.)
Quakertown
Eastern
Quakertown to Rlegelsvllle,
Pa., 15 miles. Stook, $180,000, all outstanding; par of shares, $50.
Year ending June 30, 1903, gross,#33,405; net,|$10.512; charges, $10,President, John Jameson; Sec, Henry S. Funk; Treas.,James
228.
H. Shelly; Gen. Mgr., A. F. Baker. Office, Quakertown, Pa.
Quebec Bridge Co.—V. 77, p. 1534; V 78, p. 584.
Quebec Central Ry.—V.76,p. 594,920,1249, 1408; V. 78,p. 1276.
Quebec Lake St. John Ry.—V. 72, p. p. 989; V. 73, p. 1208.
A
RR.—
&
A
A
RR.—
Amount
Rate
Outstanding
Whom.
Payable
Cent.
2,000,000 6 In 1903
992,000
4 g.
350,000
300,000
5 g
1,500,000
1,800,000
2 g
450,000
6g
750,000
5g
10
3,500,000
4
1,500,000
180,000
i*
I*
(')
1G9I
INTEREST OR DIVIDENDS.
per When Where Payable, and
$1,333,342 7 In 1903
1,700,000 7 in 1903
6
1,500.000
5
1,562,000
5
225,000
400,000
6 g.
1.000
100
100
Raleigh dt Augusta— Raleigh dt Gas/on— See Skabo A.RD A
Raleigh dt Oape Fear— 1st M., $310,000, goid.K.o*
"20
Raritan River RR. -1st mortgage, gold
40
Reading <t Columbia— lBt mort. (ext. In 1882)... o*
40
o
2d mortgage, ooupon (extended In 1884)
Deben tures
$50
50
64
Quakertown dt Eastern— 1st mort., gold.GuP..o*
Queen Anne's RR.— 1st mort., $12,000 per mile...
Prior Hen M., red. at 103 to 1906, then par
Pittsburg
)
M.
M.
F.
M.
J.
J.
&
&
A
A
A
&
Bonds— Principal, When
by
Due.
Stocks— Last
Dividend.
N. Y..Farm.L. &Tt.Co. Mar.25,'04,3J«
N. Y., Far. L. A Tr.'Co. Mar.25,'04,3i«
A. Phila., Fidelity Tr. Co. Aug. 1, 1908
N.jN. Y.,Farm. L. ATr.Co. Nov. 1, 1927
Boston.
J.
Jan. 1, 1912
J. N. Y. Mero'le Trust Co. July 1, 1916
8.
8.
Q.-M.
Portland, Me.
Mar.15,'04,11*
Boston, Old Colony Tr. Nov. 2, 1926
Boston and Portland. Aug. 1, 1927
F.
Portl'd. Me. A Boston. Jly'27,Jan.'29
J.
Philadelphia.
Jan. 1, 1941
J. A
Baltimore, Hillen St'n. Jan. 1, 1941
J. A
A. A O. N. Y., Co.'sof., 27 Wm. Oot. 1, 1918
July 1. 1922
J. A J. Pro v., R. I Hospital Tr
Providence, Office.
Q.-M.
Mar.31,'04,2ia
A. A O Prov., R.I. Hosp. Tr. Co. Oot. 1, 1947
Quakertown, Pa.
Jan. 1, 1927
J. A J.
M.
AN
A A
A J
I
1
J.
M.
330,000
5
4to5
865.000
600.000
4
4,750,000
2,575.000 4 in 1903 A.
8,000,000
4g- J.
A D
A 8
Baltimore.
1945
Moh. 1, 1951
Apr. 1,'04,2%
A O.
A J. N. Y., office, 120 B'way. Jan. 1, 1952
See text.
5 g. M A 8. N. Y., Kniok. Trust Co. Mar. 1, 1943
Jan. 1, 1939
400,000
8 J. A J N. J. Tit. Guar. & Tr.
M. A 8. Phlla., Phil. A Read. RR. Mch. 1, 1912
650,000
I
do
do
June 1, 1904
350,000
5
J. A D.
do
do
Deo. 1, 1917
A D.
1,000,000
6
4 g. M. A 8 Phila., Read. Ter. Bldg. Sept. 1. 1950
750,000
Quebec Southern Ry.— Owns Sorel, Provlnoe of Quebec, to
'
Noyan, 89 miles; St. Lambert to St. Francois, with branoh, 55 miles,
(former South Shore By.); total, 144 miles. A consolidation was voted
Jan 14. 1902, with the South Shore Ry. On Mar. 21, 1904, Geo C.
Dessaulles of Hyaolnthe, Que., was appointed receiver of the Quebec
Southern and South Shore railways. Application to Issue $20,000 receiver's certificates was made. V. 78, p. 1276 President, H. A. Hodge,
Montreal, Can.-(V. 75, p. 1254; V. 76, p. 1249; V. 78, p. 1276.)
Quebec Terminal A Railway Co.—See V. 71,|p. 603; V. 77, p. 38.
Queen Anne's RR.— Queenstown, Md. to Lewes, Del., and
Reuoboth Beach on Atlantlo Ocean, 60 miles. Pennsylvania traoka
used between Lewes and Rehoboth, 6 miles; branch, Queenstown to
Centervllle, 6 miles; branch, Queenstown to Love Point, 12 m., completed Apr., 1902; total, 84 miles. In 1902 obtained authority to in
crease the stock (recently $720,000) to $3,000,000, consolidate by
lease or otherwise with connecting railroads, and issue $30,000 bonds
per mile on its entire line. V. 74, p. 206, 728.
On Feb. 20, 1904. Frank Ehlen of Baltimore was appointed receiver.
A committee (Wesley M. Oler, Chairman) is preparing a plan of reorganization which it is expected will provfde for additional capital
and consolidation with Queen Anne's Ferry & Equipment and Queen
Anne's Steamboat companies.
V. 78, p. 821.
Holders of a large
majority of the securities granted an option thereon to Apr. 15, 1904,
to Nioholas P Bond of Baltimore and Henry P. Soott of Wilmington.
Del., managers of a syndicate of New York, Baltimore and Wilmington «apitalists. V. 78, p. 12 76.
Year 1901-02. gross, $161,709; net, $19,434; totaljdeductlons, $33,496; bal., def., $14,062; 1900-01, def., $10,784. Pres., William H. Bosley, Baltimore.— (V. 78, p. 821, 1276.)
*'Queen
&
Crescent."— System
New Orl. & N.
Pac, Ala. Gt.
So.,
Shreveport
includes Cinoin. N. O.
&
A Texas
Pacific
&
Qnlncy Car.
A
St.
E., Ala.
Louis Ry.—See
p. 401.
Vioksburg and Vicksburg
Supp. of Jan., 1903; V. 77,
Qutncy Omaha A Kansas City RR.—In 1902 sold to O.B. &Q.
Qulncy |<lll.) RR. Rrldge Co.— See Chicago Burlington A
Qulnoy.-<V. 75,
p. 1355;
V. 77, p. 629.)
Railroad Securities Co.— Organized by
interests identified with
the Illinois Central to acquire and hold securities of railroads. Stock
common, $10,000,000; pref., 4 per cent cum., $10,000,000; outstanding, common, $4,750,000; pref., $2,575,000. The $8,000,000 present
issue 01 the int. oertlttoates ($20,000,000 authorized) are seoured by a
like amount of Illinois Central stook, interest at a 4 per cent cumulative rate being payable if received from dividends on the shares
pledged, the stook itself being deliverable to the holders of the certificates at maturity unless the option to oall at 105 is meantime exercised. V. 74. p. 937, 1039. Dividends In 1902 to Apr., 1904, both
inclusive, 4 p. 0. y'rly (paid A.
O.) on pf.— (V. 74, p. 428, 937, 989,
ivoyi
A
Raleigh
Raleigh
Raleigh
A Augusta Air Line RR. See Seaboard Air Line Ry.
A Gaston RR.
A Cape Fear RR.— Operates from Raleigh, N. C, to
I
Lilllngton, 34 miles, including 2 miles of trackage; extension proposed
to Fayettevllle, 28 miles total to be 62 miles. Incorporated In 1898road opened Jan., 1899. Stock authorized, $10,000 per mile Bonds
(•ee table above) are limited to $5,000 per mile. V. 76, p. 752. For 9
mos. ending Mar. 31, 1904, gross, $37,982; net, $16,609. Year ending
June 30, 1903 (20 milea), gross, $36,687, against $25,140 in 1901-02;
net, $18,464, against $12,050. President, John A. Mills; Secy, and
Treas., F. T. Ricks. Office, Raleigh, N. C.-(V. 76, p. 752.)
a rlta n Klver Railroad.—South Amboy to New Brunswick, N.
,
, ,
J., 13 miles; branohea. 7 miles; total, 20 miles.
Stock authorized,
$1,000,000; issued, $400,000; par, $100. Dividends paid in 1902-3.
Year ending June 30, 1903, gross, $122,99 7; net, $44,826; Int.,
4 p. c.
taxes, eto., $22,110; dividends (4 p. c), $16,000 ; surp., $6,716.— (V.
77, p. 38, 2340.)
;
R
,
Reading Belt RR.— Belt
railroad, 7-4 mlleB in length, around
V. 71, p. 751. Stook. $750,000,
all owned by Reading Company.
Road leased to Phila. A Reading Ry.
for 999 years from July 1, 1902, at 4 per oent on the stook, interest on
bonds, and taxes.- (V. 71, p. 751; V. 74, p. 1090.)
Reading, Pa., opened May, 1902.
A
Reading
Columbia
Owns from Columbia to Sinking
Springs Pa., 40 miles; branches, 14 miles; operates Marietta Junotion to
Chlckles, 6 miles; total operated, 60 miles. Stock, $958,373 (par, $50) of
which $788,200, together with $9,500 1st mtge., $35,000 2d mtge. and
$1,000,000 debentures, are owned by Reading Co., all except $3,200
stook being deposited under its general mortgage.
Year 1902-03,
gross, $309,809; net, $82,802; charges. $116,3487
RR.—
,
Reading Company— Philadelphia A Reading Ry.-CSea
Mop J—The Philadelphia A Reading Ry. operates in oonneotlon with the
great anthracite coal properties of the Philadelphia A Reading Coal A
Iron Co. in the Schuylkill region, Pennsylvania, a system of
roads centering at Philadelphia, extending to Hazleton and Williamsport on the north, and westerly to Harrisburg, Shippensburg and Gettysburg in Pennsylvania and Wilmington, Del., on tlie south; also easterly In New Jersey to Atlantic City and Cape May, on the Atlantlo
Ocean, and to tidewater at Port Reading on New York harbor, viz.:
RAILWAY STOCKS AND BONDS.
1692
KA1LROAJD8.
For explanation of oolamn headings,
on
first
page
Miles
<fec,
Date
Size, or
of
of
Par
see notes
Text 1897 lOOO&c
Gen. M.,$135,0OO,00O,g., s.f.not sub.oalLCe.o*&r
1901
1900
1899
1901
Jers. Cent. col. tr.M.g., red. 105aft. '06.PePo*&r
Wllm. <fe North'n stk. tr. otfs., g., red. at 105.
GPr
Car mists, $3,600,000, $252,000 semi annually
GP
mar. trusts, $200,000, semi-annually.
trust, ser. C, gold, $87,000 s. a
do ser. D, gold, $156,000 s. a...
do
<fc
Equipment
Sc
*
.
,
I
—
t
IConsol. mort. 5s, ext. in '97 (V. 65, p. 278) .. .c&r
o*&r
Terminal mort, gold. See V. 64, p. 85
Philadelphia City Subway Loan, guar., $3,000,000
ICol.
s. f.
<&
Rensselaer
&.
>•
1,000
1,000
1,000
1,000
1,000
....
....
1902
bonds under LYING Gen. Mort.
Read. KR,
Delaware River Terminal Pur. Money M., gold.o'
Delaware River Term. Ext. Pur. Mon. M., gold.o
t Bonds and mortgages on real estate
1 1 st M. ext. In '60, Philadelp' a to Potts v.$&* o<fcr
c.tr
Mortgage loans of 1844,1848 and 1849
o
Mortgage loan of 1857 convertible
c&r
Mortgage loan of 1868, gold. ext. in 1893
tConsol. mort. ($7,304,000 are gold 6s).FP..o&r
1Imp.M.,g.,ext. '97.PeP See V. 65, p. 870, g.c<fcr
Philadelphia
Reading Coal
Ac
1892
1892
•>
1,000
1.000
"94 1843 $ & £
94 1844-9 1,000
1857 500 &o.
148 1868
1,000
254 1871 200 &c.
325 1873
327 1882 500&0.
1891
1,000
1894-8
hon-
gold loan (RR.) gu. p & i., ext. In '02
Sara.— 8tock,8p.cgu.Del.&Hud.(end.)
1892
1,000
100
i'92
c*<ti
79 1871
1,000
Potomac Common stook • •••
100
....
Dividend obligations (same div. as oom. stock).. • • •*»
100
Stook, guar. 7 p. c, except $19,300 guar. 6 p. o.
a m »
100
N ote.—General mortgage of 1897 requires th at the Read! ng Co.
marked t above.
Tf Only $16,000 are 3s.
1st mortgage, consolidated. Int. rental
Richmond Predericksb.
—
<k
•
—
Leased lines (Con.)
Phila. Har.
Pitts.
Miles.
Lines owned in fee.
Carbon, etc. &
125-19
branches
59-44
Lebanon Valley branch
Lebanon <te Tremont branch 65-28
Mahanoy & Shamokln bra'h 59*86
8chuvlkill ASusq. branch.. 5337
1-86
West Reading branch
Miles.
&
RR
Tf47*2
88*4
Wilmington & North. RR..
Phlla. & Reading Term. RR.
13
Phil, to Mt.
Tf
Reading Belt
RR
7-4
Tot. leased (2d track 257-3). 645-1
Entire stock owned
5-3
Chester & Delaware
1-6
Rupert & Bloomsburg
6-3
Miodlet'n & Hummelst'nRR
—
RR
Total (2 tracks 182 m).. 365*00
Lines leased- (See eaoh Co.)
12*8
Colebrookdale RR
11-2
Piokering Valley RR
99
TamaquaHazleton&N. RR.
—
Controlled
Central RR. of
New Jersey. 676 8
& Columbia RR.... Tf39-6
Lebanon & other branches 13*8
East Pennsylvania RR
TT35-4
Allentown RR
TI4-5
Little Schuylkill Nav. &RR. If 31-5
Mine Hill & Sohuy. Haven.. Tf420
Mt. Carbon & Pt. Carbon RR. Tf 2-5
Mill Creek* Mine H.RR.... IT 3-8
Reading
Read. Marietta & Han. RR.
6*4
North East Penn. RR.
Tf 25*7
Phila. & Chester Valley RR. 1T239
Sohuylkill Valley Nav.&RR. Tfll'O AtlantloCityRR.&branches1f 167-4
East Mahanoy RR
TflO-9 Catasauqua & Fogelsv. RR.. 29-5
Shamokln 8unbury & L. RR.Tf31-3 Gettysburg & Harrisb Ry... Tf34-1
.
& Nor. RR.
Chestnut Hill RR
Catawissa RR
Norristown Juno. RR
North Pennsylvania RR
Delaware & Bound B. RR.
Phila.
German.
. .
29-6
TT 4-0
Tf
|
Tf86-2
PerkiomenRR
TT38-3
Phil. Newtowni&N.Y. RR..
Newtown & N. Y. RR
J21-7
E
Jot I ad
™:
.
j
Tfl03-0
0-4
^??,5
^reek
I* ,?? Frankf ord
Phil.
5S
i
|
&
KR
'?£"?
RR
TT
10-1
2*6
< » 8ee tbis company.)
Tf338
Lehigh RR
Total controlled
1,134*5
TF46-9
Total system July, 1903 (2d traok, 759 miles)
2,144-6
From the company's docks at the extensive
(Tf See this company.)
terminal at Port Richmond it operates a line of steamers aud barges
In coastwise coal tratiio and provides berths with elevators and ample
accommodations for several trans- Atlantic steamship lines. In Jan.,
1901, control of the Central RR. of New Jersey was acquired. V. 72,
Schnylkill
p. 86,
. .
<fe
Outstanding
I
I
340, 392, 676; V. 73, p. 847.
& Ohio and the Lake Shore <&
Michigan Southern are jointly in virtual control, having acquired in
1902-03 over $60,000,000 of the $140,000,000 voting trust certificates,
consisting largely of preferred stock. V. 76, p. 102; V. 77, p. 350.
Voting Trust, Etc.—All classes of stook of the new company are to
be held by voting trustees (J. Plerpont Morgan, Frederic P. Olcott and
O. 8. W. Packard) for five years, and thereafter until 4 p. o. cash dividend per annum shall be paid on the first preferred stook for two consecutive years, though the trustees may in their discretion surrender
the stook at an earlier date. The company may, after dividends of 4%
have been paid on the first preferred for two oonseoutive years,
oonvert the second preferred stook Into one-half first preferred and
one-half common stook. As to rights, see V. 64, p. 709. Votinjr
truat, V. 64, p. 955, and Sup. of April, 1897, page 5.
Organization.— The Philadelphia & Reading RR. (chartered April
4, 1833) and the P. & R. Coal & Iron Co. were sold in foreclosure Sept.
23/96, and reorganized per plan In V. 61, p. 1109. See V. 64, p. 709.
In the reorganization the 41 millions of old stook and the 563j
millions of old preference income bonds were assessed 20 per cent,
the stook then reoelvlng 100 per cent in new common and the preference incomes, oommon and preferred stook in certain proportions.
The "Reading Company" in the reorganization acquired the security holdings, real estate, equipment, etc. of the old Phlla. & Reading
RR. Co. alao the $20,000,000 stock and $20,000,000 bonds of the Phlla.
^ Reading Ry. and the $8,000,000 stook of the Coal* Iron Co.. and
against all this property issues its own securities. See V. 64, p. 709.
The property of the "Reading Company" consists of the following
Railway equip, leased to Ry. Co. for 8 p. o. yearly
$19,792,1 19
Real estate not appurt. to RR. (ann. revenue ab't $175,000). 17,351,936
Colliers and barges leased to Ry. Co. for $115,000 yearly...
2,107,650
Leased and new equipment
9 424,265
Phila. & Reading Ry. stook $20,000,000 and bonds, $20,000,000 par (annual int. to Reading Co., $1.200,000)
40,000,000
Phlla. & Read. Coal & Iron stock at par
8,000,000
Miscellaneous securities at par (In 1896 yielded $765,000). 70,414.656
Morts. and ground rents at par (not under '96-'97 mort.).
262,415
Int. in Phlla. & Read'g Coal & Ir. above seouritles owned.. 79,116,721
Claims against other companies, etc
3,592,012
Total July 1,1903. (See V. 77, p. 835)
$250^061,774
Sinking Fund. -Whenever, in any year, a dividend Is paid on the
stook, an amount must be paid simultaneously to the trustee equal to
5 cents per ton on all coal mined by the Coal & Iron Company during
the preceding year, if the aggregate of dividends so declared exceeds
that sum; otherwise suoh lesser sum as shall equal the dividends so declared. Under this provision general mortgage 4s (not callable) were
purchased and canoeled as follows: In Mar., 1900, $433,000; in 1901.
$391,000; In Mar., 1902, $443,000; In Mar., 1903, $253,000; in Mar. '
1904, $495,000. V. 73, p. 848.
Dividends.—On 1st pref., 1900, 3 p. c; 1901, 4 p. c; In 1902, Mar.,
2 p. c; Oot., 1 p. o.; in 1903, 4 p. o., and 2 p. o. Mar. 10, 1904, making
4 p. o. for fiscal year 1902 03. First dividend on 2d pref.. 1»« d o
paid Nov. 10, 1903; May 10, 1904, 2 p. o. V. 78, p. 1447.
Bonds.—The General Mortgage 4s (abntract V. 64, p. 612)
are secured by mortgage and pledge of all properties and securiStock Ownership. -The Baltimore
66,026,000
4 g.
23,000,000
4 g.
1,295,000
4 g.
1,836,000
4g.
2,200,000
4^.
4i*g
957,000
2.028.000
4*ag.
OF 1897.
500,000
5 g.
809,000
5g.
1,390.040
1,512,700
6
954,000
6
79,000
4>a
2,696,000
5 g.
14,614,000 6 g. &7
9,363,000
4g.
5,673,042
4 g.
8.500,000
5g.
2,741,000 TT3&312
4 g.
1,380,000
10,000,000
8
2,000,000
7
1.316,900 8 in 1903
1,072,000 8 in 1903
500,400
and Reading Coal &
6&7
Vol. lxxviii.
in vot'g trust for 5 years or
M &
S.
tSOIUlS— f fill,..-
pal.When Dne.
by Stocks—Last
Dividend.
mo
re.
P.Morgan & Co. Mar.10'04. 2%
N.Y., J.
May 10, "04, 2
& J. N.Y ,J.P. Morgan&Co. Jan. 1, 1997
A. A O.
Apr. 1, 1951
Q.-M. Phlla., Glrard Trust Co. When drawn.
J. A J. Drexel & Co., Phila.,Pa. J'ly'04-J'ly'O7
M. & 8. Phlla.. Read. Ter. Bldg. 8ep'04-8ep'O9
do
Nov'04-Nv.'0ft
M. & N.
do
do
F. & A.
do
To Aug., 1910
May 20, 1942
M. & N. Phlla., Guar. Trust.
Text.
J.
J.
do
do
<Sc
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
A. Phlla.. Read. Ter. Bldg.
July
1942
J. Philadelphia & London.
J. Phlla.. Read. Ter. Bldg.
1,
July 1, 1910
July 1, 1910
do
J.
July, 1910
do
A.
O.
Oot. 1, 1933
D. Phlla., do & London. June 1, 1911
J.
A.
O. Phila., Read. Ter. Bldg. Apr. 1, 1947
M.
do
Mch. 1, 1937
do
S.
Q.-F. Phlla., Prov. Life & Tr. May 1. 1941
City Treasury.
1904-1921
J.
J.
J.
F.
J.
M.
J.
J.
do
do
J. N.Y., Del.
do
N.
J.
J.
& Hudson Co.
Phlla.
do
Feb.
1.
1932
Jan., 1904,
May
and Richmond. Jan.
1,
2,
2,
4%
1921
1904,
1904, 4
do
do
Jan.
M.
N.
do
do
May, 1904
Iron Co. shall be responsible fo r all old bonds
embraced in the reorganization, and also all other property
acquired thereafter by use of the new bonds. They have above sinking
fund out of the revenues from the Coal & L**on Company, but are not
subject to compulsory redemption prior to maturity. The new mortgage Is also, subject only to the bonds for which reservation is made,
based upon properties or securities of all the lines of railroad owned,
including the Philadelphia & Reading Railway Company proper,
365 miles; various leasehold lines, 635 miles; all the property of the
Coal & Iron Company, or the securities thereof, representing nearly
200,000 acres of coal and timber land; equipment valued at about $18,000,000, also marine equip. See application to list in V. 64, p. 709.
Furthermore, it has a first lien upon a majority of the oapltal
stook of various companies In the system owning 453 miles of railroad, and also on various bonds of system— list in V. 64, p. 613.
Of the $135,000,000 fours of 1897 $51,960,000 were In Nov., 1903, reserved to take up undisturbed bonds and $12,500,000 for construction,
equipment, etc, at not over $1,500,000 per annum. V. 77, p. 2099.
Improvement mortgage 6 p. o. bonds of 1873 due Oot. 1, 1897, were
extended at 4 p. o. for 50 years from April 1, 1897, payable In U. 8.
gold and guaranteed p. & 1. by the Reading Co. V. 64, p. 470; V. 65,
p. 516. The consol 5s of 1882 for $5,673,042 were also extended at 4
p. o. till Mar. 1, 1937, the Reading Co. and Coal & Iron Co. becoming
responsible. See V. 65, p. 870, for contraot. V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year sinking fund loan see January, 1895, Supplement.
The bonds were in 1902 extended to Feb. 1, 1932, at 4 per cent, principal and Interest being guaranteed by the Reading Co., and sinking
fund reduoed to $30,000 yearly. V. 72. p. 242; V. 74, p. 206.
In Apr., 1904, the Reading Coal & Iron Company paid off $3,805,000
maturing bonds. V. 78, p. 1110.
The Philadelphia Subway Loan Is payable after ten years from date
In 20 annual instalments, to secure which $500,000, bearmg interest,
has been deposited, and $100,000 yearly is being set aside in monthly
instalments. See V. 58, p. 1110; V. 62, p. 950; V. 63, p. 881; V. 71, p.758.
The Jersey Central collateral trust bonds ($23,000,000 present issue)
are secured by deposit of $14,500,000 Cent. RR. of N. J. (cost $23,200,000) of the $27,213,800 stook outstanding, $1,495,000 Perkiomen
stock and $440,000 Port Reading RR. stook, the remainder of the
$45,000,000 authorized being reserved to aoquire the minority stock
of the Central Company. They are subject to oall on April 1, 1906. or
any interest day thereafter, at 105 and interest, on 60 days' notloe.
See abstract of mortgage. V. 72. p. 487; V. 73, p. 847.
The Wilmington <& Northern stook trust certificates are secured by
deposit of 81.495,000 out of $1,500,000 W. & N. stook. V. 72, p 340.
Oar trusts of 1899 see V. 69, p. 1346; V. 71, p. 759. The $3,200 ,000
car trusts of 1901 cover 10 passenger and 38 freight looomotives,
1,000 steel coal and 500 gondola oars, 500 box oars. They are additionally secured by $833,000 of the general mortgage 4s, which may
be withdrawn as the oar trusts are paid off. V. 72, p. 822.
Coal Properties.—These aggregate about 194,000 acres, as follows:
Coal lands owned (acres)
95,144 Timber lands owned (acres) 70,489
Coal lands leased (acres).... 7,429 Iron ore lands (acres)
21,000
Latest Earnings.— From July 1 to Feb. 29 (8 months) results were:
ties
I
|
Smos.to
,
—
P.
A
Feb. 29.
Cross.
1903-4... $2?,7M,86t»
i90*-3... I9.728.s84
R. Ry.
Net
,
$R,69w,0lR
4,616,871
Charges all Cos. 8 mos. 1903-4
do
do
Coal <i Iron.
>
Read. Co.
Gross
Net.
Net.
$2V,U7,731
$8,105,341
$944,963
,
18.S86.o78
AU Cos.
total net.
$11,749,322
8.898,(60
»17,9<3
balance, sur.. $4,84ft,S82
balance, sur.. 1,732,291
given at length In V. 77,
1.364,806
$7,104,000;
7,165.769;
1902-8
Annual Report.— Report for 1902-3 was
,
;
|
LNTKKE8T OR DIVlXHvNDo.
Rate per When Where Payable, and
Payable
Whom.
Cent.
$50 $70,000,000 All stock
50 28,000,000 4 In 1903
50 42,000,000 dee text.
•>
.
Old Pblla.
Amount
Road. Bonds Value.
of tables.
Beading Company —Common stook
1st pref stock, 4 per cent, non-oum
2d pref. stock, 4 per cent, non oum
Car.
4
:
.
819, 832. See also editorial, p. 799.
Tears Ending June 30.
1903.
1902.
1901.
Railway oompany—Receipts... $32,429,791 $29,515,534 $28,344,168
Expenses (lnol. renewals, etc.) 20,5 93,263
18,769,998
18.566,351
Net earnings
$11,836,528 $10,745,536
$9,777,818
Coal & Iron Co.— Reoeipts
$23,279,241 $26,519,530 $28,917,858
Expenses
22,131 ,248
26,283,203
27,993,149
Net earnings
$1,147,993
$236,327
$924,709
Reading Co.—Net income
6,431,711
5,312,129
4,881,444
Net earnings all Cos
$19,416,232 $16,293,992 $15,583,971
Fixed oharges and taxes
14,465,222
14,359,099
13,287,255
Surplus
$4,951,010
$1,934,893
$2,296,717
Accumulated surplus
$9,357,623
$4,439,840
$4,806,459
Dividends on 1st pref
(4)1,120,000
(3)840,000 (3 H) 934,735
Surp. end of year (all oos.).. $8,237,623
$3,599,840
$3,871,724
OFFICERS.— Pres., George F. Baer; Vloe-Pres, and Sec, W. R. Taylor;
Treas., Rlohard Tull; Comptroller. D. Jones.
Directors— Joseph 8. Harris, George K. Baer, John Lowber Welsh, BJ. T.
Stotesbury, Henry A. Dupont, Henry .P. MoKean, Samuel Dickson. Charles
Steele and U. McK. Twombly.
OtHoe— Reading Terminal Building, Phlla.— (V.78, p. 1447, 1498.)
p.
.
Rensaelaer Ac Saratoga RR.—Road.— Embraoes 192 miles, viz:
Road owned—
Miles.
Leased ( Continued) —
Miles.
Troy to Lake Cham plain
79 Ft. Edward to Caldwell
15
Leased—
Vermont line to Castleton, Vt. 7
Troy to Waterford June, etc. 14 Eagle Bridge, N. Y., to RutSchenectady to Ballston
15
land. Vt
62
Lease.— Leased in perpetuity March 1, 1871, to the Delaware & Hudson, whloh, June, 1901, owned $800,000 of stook; rental, 8 percent
on the stooic and interest on bonds. Guaranty on stook, V. 56, p. 773.
APR., 1904.]
RAILWAY STOCKS AND BONDS.
1693
o
1
RAILWAY STOCKS AND BONDS.
16<U
RAILROADS.
Miles
For explanation of oolumn headings,
on first page of tables.
of
Ac., Bee notes
Date
of
—
Richmond <£ Petersburg— See Atlantic Coast
Rich. -Wash. Co.— Coll. Tr.,
—
Par
g., go., red.
6.500,000
2,000,000
1,850,000
2,000,000
2,283,000
2,277,000
100
100
100
(over taxes).
Rentals.
100 &o.
1,000
1,0004c
5O0
5.000
1,000
1.000
1,000
1.000
1,000
1,000
IOK)
Bal..def.
$3,299,118
$791233
$1,075,977
751,104
1,034,705
2,756.720
337; V. 74, p. 1088; V. 75, D. 342, 1147.)
p.
l.OOOAc
1,000
1,000
$284,7*4
283,601
Richmond Fredericksburg A Potomac RR.— Owns
Richmond, Va., to Quantioo, 79 miles; James River branch, 3 m.
frem
leases
Quantioo to Junction, etc., 3 miles, total 85 miles; being double tracked.
Petersb. ConThe dividend obligations carry no voting power. Rioh.
nection RR. stook of $140,000 receives 8 p. o dividends under lease.
P. RR. guaranteed stook is seoured by mortgage.
The R. F.
The Richmond- Washington Co (see below) In 1901 took over $947,200 of the $1,316,900 common stock, and "union" line of that company
has been operated by Rich. Fred. A Pot. officials since Nov. 1, 1901.
V. 74, p. 149.
Divs. on stock A > '94. '95 '96. '97. '98. '99. '00. '01. '02. 1903. 1904.
7 7 6I3 7 7 8
dlv. oblie. p. o. 5 6*2
8
8
8
Jan , 4.
BONDS-Of the gen. 3\s of 1903 ($ t.000,000 authorized) to be issued
for double-tracking and improvements, $ ,500,000 have been or are to
be acquired and placed under the Richmond- Washington Co mortgage,
the remaining $500,000 being reserved to retire the consol. 4*as at
maturity. See V. 77, p. 2388, 2391.
;
&
&
Earnings.— 8 months,
S 1903-4
Gross, $890,725; net, $270,471
July 1 to Feb. 29.
Gross. 786,344; net, 229,018
\ 1902 3
Report.— Report for year ending June 30, 1903, was in V. 77, p.
2388, showing: Gross, $1,338,901; net, $398,379; other income, «10,»68;
interest, $22,500 dividends, $231,144; new equipment, etc., $46,460
In 1901-2, exoss. $1,168054; net, $441,483;
bal., sur., $109,243.
other income, $16.105.- (V. 77, p. 629, 2388, 2391; V. 78, p. 769.)
;
Richmond
Mecklenburg RR.—Keysville,
Va., to Clarkesleased by South. Ry. Co. for 50 years
from Nov. 1, 1 898, for Interest on bonds. (V. 69, p. 391.) 8tock, $357,900 (par $100) of which $300,000 owned by So. Ry. Co. —(V. 71, p. 112 1.)
Richmond A Petersburg
See Atlantic Coast Line RR.Co.
Richmond* Washington Company.—Controls a "union" line
Washington, D. C„ to Richmond, Va., 115 miles, In the Joint interest of
the following roads, viz.. the Pennsylvania RR., Baltimore & Ohio RR.,
Atlantic Coast Line Co., Southern Ry., Seaboard Air Line Ry. and
Chesapeake A Ohio Ry., each of whioh owns one-sixth of the $2,670.000 oapital stock; operation began Nov. 1, 1901. The entire roadls to
be double-tracked. V. 75, p. 78. Dividends in 1902. 3 p. c 1903, 4 p. c,
Incorporated on Sept. 5, 1901, aad acquired $947,200 of the voting capital stock of the Richmond Fredericksburg A Potomac RR. and the entire stock of the Washington Southern Ry., extending from the south
end of Long Bridge across the Potomac River to Quantioo, 36 miles.
The collat. trust 4s of 1903 ($11,000,000 authorized Issue), are
guaranteed, jol ntly and severally/principal and interest, by the six
roads named above; of the bonds $6,500,000 have been sold for
double-traoking and Improvements.
V. 77, p 629, 695; V. 78, p. 584,
1393. See list of collateral and form of guaranty, V. 77, p. 2391. Cal.
year 1903, int. on Investments and deposits, $172,047; taxes, eto.,
$32,365; divs. (3 p. c), $80,100; bal., sur., $32,881.— (V. 77, p. 2391;
V. 78, p. 584, 1393.
Rio Grande Junction Ry.—Owns road Rifle Creek, Col., to a
connection with the Denver A Rio Grande at Grana Junction, 62 miles.
This Is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland Railroad (since foreclosed and reorganized as Colorado Midland Railway)
and Denver A Rio Grande at 30 per cent of gross earnings, which companies lointly and severally guaranteed the bonds, prin. and Int. First
dlv., 1898, 80cts.; 1899, $1 20: 1900, $1 96; 1901. *3 75; 1902. $4; 1903,
$3 90; 1904, $4 25. Year 1902-03, gross, $593,366; rental, $178,010.—
(V. 66, p.237.)
ville, Va.,
6c
31 miles.
Road
Is
,
RR.—
;
RR.—
Rio Grande Sierra lUadre 6c Pacific
Organized in Mexico in 1890; incorporated in N. Y.State in June, 1897, being completed
from Ciudad Juarez via San Bias Mountains, Lake Guzman, Sabinal
and San Pedro mining region, to Casas Grandes, 156 miles. Extension
proposed to Guerrero, 156 miles, to meet the Chihuahua A Paoiflc
and a projeoted line to Paoitic Coast. Capital stook Is $3,120,000
($20,000 per mile) and bonds are authorized at $20,000 per mile, of
which $2,000,000 issued for construction to July, 1898.
Directors.— President, A. Foster Higgins; Vloe President, Edwin D
Morgan; 2d Vice-President, A. GlttordAgnew; Seoretary, George Row
land; Sldell Tilghman, John B. Lawrence Jr., W. Morton Grinnell,
John T. Terry. -8eo., Geo. Rowland, 40 Wall St., N. Y.-(V.64, p. 1138.)
Rio Grande Southern RR.— (See Map Denver <£ Rio Grande.)—
Owns narrow-gauge road, Rldgeway, Col., southerly to Durango, 162
miles, and branohec, 18 miles.
Stook, $4,510,000; June 30, 1903,
$2,255,600 owned by Denver A Rio Grande. See V. 63, p. 404. Mort
gage abstract V. 54, p. 163, and application to N. Y. Stook Exchange
in V. 54, p. 446. Of the bonds, $2,277,000 are guaranteed by D. A R. (i.
V. 70,
p.
791.
See guaranty, V. 70,
p.
1295.
Earnings—For 8 months ending Feb.
29:
Oross.
Net.
8 months.
Oth. inc
Charges.
Balance
1903-4
$312,507
$132,543
$6,222
$144,741 df $5,976
1902-3
198,779
386,313
9,609
154,009 sur.54,379
For year ending June 30, 1903, gross, $553,554; net, $278,157;
other income, $9,812; Interest, taxes, eto., $214,612; surplus for year
$73,357. In 1901-02, gross, $575,675; net, $262,540.— (VT 71, p. 389.)
Rio Grande Western
See Denver A Rio Grande RR
RR.—
Dividend.
& 0.;N.Y„ Phila. orRichm'd. Apr. 1, 1940
A N. J. P. Morgan A Oo.
Nov. 1, 1948
J. A D. N.Y.,N.Y.Seo.ATr Co. June 1, 1943
4
4mn'04 Yearly. N. Y., Malt., Coppell Feb. 11,'04,4»4
5g. J. A D. I A Co., 52 William St. \ Deo. 1, 193*
N. Y. Co.'s office.
July 1, 1917
g> J. A J.
? g. J. A J. N.Y.,Malt.,CoppellA Co July 1, 1940
4
4
g.
M.
«?•
s
4g.
J.
J.
69,557,000
17,076.000
4
M.
M.
I
61,581,000
20,916,000
4,500,000
See text.
6,500,000
1,905,000
11,000,000
150,000
450.000
5.500,000
3,525,000
355,000
5,411,000
100,000
650.000
1.320.000
Bo?uLs— .Principal, When Due.
Slocks— Last
4>«g. A.
12,5O»>,000
1,000
1,000 AC
Vol. lxxviii.
Whom
Payable
555,200
6
88,754,900
51, 19o,200 4 in 1903
l.OOO&o
|
INTEREST OR DIVIDENDS.
per When Where Payable, and by
Cent.
1903 lOOO&c.
100
1889
1,000
1897
1,000
1890
1,000
1890
1,000
Une RR.
105.N.c*Ar
,
A et
Outstanding Rate
$500,000
315,000
1902
1903
1877
1898
1902
Ool.tr M..g.,8er BtoP,duejr*ly.red.l01ifl.Ce o*
296 1902
ColLtr.noies.g.balfred.l02(St.L.K.C.AO.coll.)
190
Refund. M. $163,000,000, g., red. to Apr. '11.. Text
369 1876
Burl. C. R. & No. 1st M., lawful money K...o*<fer
1881
O. Rap. I. F. <fe N.W., oons. 1st M., g., guar.Ce..c
All 1384
B.O.R. A No. con.lst M. A ool.trust, gold F.o*<fcr
12 1877
Minneap. & St. L, 1st M., gold (assumed) Ce..
Rook Island A Peoria, oonsol. 1st mortgageMpr 113 1885
Choc O. A O., gem(now 1st) M., $5,500,000, g.o* 283 1894
Choo. & Mem. 1st M., $3,750,000, ass'd.GPo&r 282 1899
1899
L. Rook Bridge 1st M.,ass'd,g.,red.(text)GP.o*
962 1902
Consol. M. (see text), $30,000,000, gold.GP.c*
1900
Car trusts, gold. $50,000, Oct. 1, yearly GPo*
1901
8er.B,$70,000 s.a.to Aug.'06, th. $75,000 GP
1902
Ser.C, $1,750,600. Aprll.y'rly .begin. 1903GP
Oross.
Amount
1890 $1,000
1898
1,000
82
31
Rio Orande Junction Stock
62
o*
1st mortgage, gold, guaranteed. Ce
Rio Or. 8ierra M. <* Pac.— 1st M. g.,$20,000 p.m.Ce 156
180
Rio Or. Southern— 1st M.,g.,$25,000 \ not guar
180
per mlle.Ce
s guaranteed..
Rio Orande Western— Bee Denver & Rio Orande
18
Roch. dt Genesee Vol .— Stook, 6% rental Erie RR
Rock Island Oo.—Common stock, $96,000,000
Pref. stook, (see text) non-oum., $54,000,000
Bonds of System.
Ch. R. I A P. RR ool, tr. M..$75,000,OOOCe.o\fcr
Ch. R. I. & P. RR. ool. tr. M., red. at 102«*.Ce.c*
O.R.I.AP.Ry.lstM.,Ch.,Ill.,toCoun.Bl.Abr.U«c* 736
General mort $100,000,000, gold,.«e....o\fcr 3,128
Tear.
Size, or
Road. Bonds Value.
Ric.Fr.d-Pot.( Con. i— Con. M., $500,000, g.Ce.o*<fcr
Rxch.diMcck 1st M., $315,000, g.(V. 69, p. 391).
1902-3
1901-2
-(V. 73,
.
;
A
&
>
J.
July
do
do
J.
1,
s
-
Checks mailed
do
do
Q.-F.
May
2,"
tt
It
M.
A
&
A
A
A
1903
J. N. Y„ First Nat. Bank.
do
do
J.
N.
do
do
A
D. N. Y., Central Trust Co,
June
do
do
O.
do
do
O.
D. N. Y., Hanover Nat Bk.
J. N. Y., Company's Office
J. N. Y., First Nat. Bank
Oct.
J.
J.
A.
A.
J.
6
g.
J.
J.
J.
Sg. M.
5
g.
A.
5g.
F.
4>sg.
A.
3%
N. Y., by Erie RR. Co. Jan., 1904,
J.
g.
1940
N. N. Y., First Nat.
S. Int.
from Sept.
Bank
1,
New York.
Wov.
'04,
1,
1%
2002
Sept. 1, 1913
July
Jan.
1,
1,
1917
1988
May, 1905-18
Feb.-July,'05
Apr. 1, 1934
1906
1921
Apr.
1934
June
1927
Jmly
1925
Oct. 1, 1919
do
do
J.
Jan. 1, 1949
July 1, 1919
J.
do
do
N.
May 1, 1952
do
do
Phil a., Glrard Trust Co To Oct., 1905
O.
A.
do
do
To Aug., 1908
O.
do
do
April, 1905-10
A
A
A
A
A
A
A
&
A
A
A
1,
1,
1,
1,
1.
K.—
Avon to Rochester, N. Y., 18
Rochester 6c Genesee Valley It
miles. Leased July 1,1871, in perpetuity to Erie Ry. Rental, $34,012.
—(V. 78, p.J 1276, 1499.)
Rock Island Co.— (See Maps, pages 1688, 1689.)— Incorporated
New Jersey on July 30, 1902, and acquired, per plan V. 75, p. 240,
the entire stook ($145,000,000) of the Chio. R. I. A P. Railroad (new
00.), whose bonds, together with the stocks of the Rock Island Com
8any, were Issued In exchange for (1) $t>9.557,400 of the $74,817,100
hlcago R. I &• Paolflo Railway— which see, and (2) per plan (V. 76, p.
1408, 1406), for over 90 p. o. of the $30,803,000 St. Louis A San Fran,
common stock; also in 1904 proposed to acquire one-half of the stock
of the Houston & Texas Central RR., Houston East & West Texas Ry.
and Houston A Shreveport RR. for $1,500,000 cash, $2,500,000 preferred stock and $3,500,000 five-year 4 per cent notes, due April 1,
1908, but see Stock below.
Road.—The road, olearly shown on accompanying maps, includes":
CHICAGO ROCK ISLAND & PACIFIC IvAlLWAT SYSTEM.
Miles.
Miles.
Leased—
Chic. R. I. A Pac. Railway.... 3,801
Des Moines A Ft. Dodge
144
Stock all* or nearly allt owneu.
Choct. Okla. A Gulf
H.055 Keok. & Des Moines (maj.
stock owned) .
162
Searcy A Des Aro
..
25
Peoria & Bur. Valley (also
Burl. Ced. Rap. & Nor. (also
controlled by steak)
47
leased)
; 1,373
Rock Island A Peoria (also
Total Julyl, 1903
7,123
in
-
1121
leased)
second track.
283
OTHER LINES.— CONTROL ACQUIRED OR ARRANGED FOR
Controlled.
Mdes.
St.L .& SanFran.Sytte'W.incl.
151 miles trackage (Jan.,
1904)
5,512
Evansvlile & Terre Haute. . 331
.
IN 1903.
Half'interest proposed
Miles.
Houston A Texas Cent. (V.
77, p. 823; V. 78. p 1392.. 692
Houston East & West Texas
Houston & Shreveport
191
39
Total other lines Jan. 1904
.6,765
The following lines of the Chicago Rock Island A Paoiflo Railway
system were under construction June 30, 1903, aggregating 595 niileee
Kansas City A Colorado RR. Co.— St. Louis to Kansas City
& Gulf Rt. Co.— Ft. Worth to D»llas, Tex
Chic. K. I. to Pac. Ry.— Paul's Val. branch, CDlckasha, I.T., to Lindsay,
St.
1
.on Is
818
34
2a
38
90
40
17 m.
55
Chicago Rock Island
Choc. Okl.
Choc. Okl.
to
to
West.-Guthrie. O.
T.. to
Chandler
Tex— Yarnall. Tex., to West Texas line
to Choc— West Texas line to Tucnmcar
N. M
Chic. R. 1.
Devall's Bluff, to Des
,
I.T.
Arc, Ark., 38 m., Wllbarton. I.T., to Hailey vllle,
Stock.— Common stook authorized $96,000,000; pref erred $54,000,
000. The stook of the controlled companies issued and acquired, and
the amounts of Rook Island Co. stock therefor, follow: V. 76, p. 1408.
7otal
issued.
Total
acquired.
^Rock 1st.
Common.
Chicaco Rock Island* Pac. Ry. $76,000,000 $69,657,400 $69,fo7,400
St. Louts 4 San F. Ry. con., stock. 30,808,000
88,481,6
19,197,500
Texas lines (as aoove)
10,3.20,000 x8,160.000
....
Total
$122,128,000 $105,705,700
$88,764,900
Co. issues.^
Preferred.
$»8,680,2t.'0
2,500,000
$51.190,2C0
Reserved for 'Frisco stock not deposited and commiiston
Balance
$1,698,900
6,647,200
2,809,800
$96,000,000
Total
$61,000,000
was not consummated to Jan., 1901.
is preferred as to oapital and also as to noncumulative dividends at the rate of 4 p. o. yearly for 1903 and thereafter to and including 1909, then 5 p. o. for 1910 and thereafter to
1916, inclusive, and thereafter 6 p. o. The preferred stockholders are
entitled to eleot a majority of the directors. The authorised amount
can only be increased with the oonsent of two-thirds of each class.
Dividends.— Dividends on pref., Feb., 1903 to May, 1904, both In-
x
Sale
The preferred stook
clusive. 1 p. o. quar. (Q.-F.)
Bonds.— As to Chio. R. I.
P. Railway refunding mortgage of
see that company and V. 78, p. 228, 234.
Official Statement.— As to securities, rights of shareholders,
built and building, etc., see V. 75, p. 1157.
&
1904
road
Latest Earns.— 8 mos.
) 1903-1.
Gross, $31,866,615; net, $9,355,505
July 1 to Feb. 29.
5 1902-3.. Gross,
31,077,203; net, 11,785,038
8ee also statement of Chicago Rook Island A Paoiflo Railway on a
preceding page; also statements of other subsidiary companies.
Report —Annual meeting to be first Monday after second Thursday
In Ootobor.
Report for the year ending June 30, 1903, at length, was In
V. 77, p. 1742, 1751 (see also page 509 and editorial, page 1716),
showing results for the system, 6,978 average miles (not inducting the
St. Louis A San Fran., whioh was aoqulred in June, 1903) as follows:
results of system for tear ending jdne 30, 1903.
1. Operated hnes and auxiliary companies.
Gross earnings
$44,376,620 Interest and taxes
$7,909,740
Net earntngs
16,073,303 Rentals
2,359,844
Other income
1,690,873 Dividends
8,064^201
Total net income. $17,764,176
Balanoe, surplus... $4,444,391
:
KAILWAY STOCKS AND BONDS.
APll., 1904. ]
UAILKUAlin.
explanation of column headings,
For
on first page
Ao. see notes
,
f
Date
81xe, or
Par
of
Road. Bonds
of tables.
Ogdensburg— 8took, guar, (end.)
1st M.,Wat.&R., Rome to Cape Vln.,sf -.not dr'n.o*
Value.
Me
97
—
.
Sag. Tuscola AHuron— 1st M.,g..gu.,p.Al., end. IV.
8t.0.Mad.<£St.L.Belt.— lstM.,g..$800,000,r'd.SSt.o"
M. Johnsb. <& L.Champl.—latM. ($1,328,000 gu.)g.c
Bt. Johns Riter Term. - 1st M. $2,000,000 IN
81. Jos. <£ Or. Isl. Ry.— 1st pf, stock, 5%, non-cum.
Ceo*&r
1st mortgage, gold
81. Lawrence <t Adirondack Ry.— Stock, $1,615,000
o*
1st mortgage, $800,000, gold. N
2d mortgage, $400,000. gold.N
Tsnii* Hridae SeeT^R* RR Aho'vofStT^pki,
Isl
Other iiicome
8
1890
|
100
1897
1,000
"43
43
1896
l.OoO
1,000
i¥i
"Too
100
is;)(!
$216,299
Divid'sonpref. stock.(2)l,454,85b"
:
;
;
A
RR.—
Koine Water-town
A Ogdensburg
RR.—fSee Map New York
A Hudson River Railroad.) —Owns from near Niagara Falls to
Massena 8prings, N. Y., 301 miles, less 27 miles, Richland to East
Oswego, leased from the Oswego A Rome RR. and Suspension Bridge to
Lewiston Jet., 9 miles; and trackage to Suspension Bridge, 2 miles;
Richland to Rome, 41 miles: branches to Cape Vincent, Ogdensburg,
Pulaski, Fulton, etc.. 110 miles; total owned, 414 miles. Leases Utlca
A Black River Railroad ($1,120,000 of $2,223,000 stock owned), Utlca
to Ogdensburg, and Clayton branch, 150 miles Oswego A Rome Railroad ($202,200 of $214,900 stock owned), 27 miles, and Niagara Falls
Branch RR.. 9 m Carth. Watert. A Sack. Harbor, 29 m.; total, 629 m.
Lease.— In 1891 leased during corporate existence and renewals to
N. Y. Central, which assumes the debt and guarantees 5 p. c. on stock;
guaranty, see V. 52, p. 463 Utica <£ Black River is leased in perpetuity,
7 per cent on stock guaranteed.— (V. 72, p. 1238.)
Rutland RR.— Controls Rutland Transit Co., and operating steam"
ers between OgdenBburg and Chicago, Duluth, etc Operates passenger trains into Montreal from Noyan Jet. over Quebeo Southern and
Canadian Paolno, and to Troy ana Albany over Boston A Maine and
N. Y. Central A Hudson River RR. V. 75, p. 1029.
Miles.
Leased, etc.—
Miles.
RR. Lines Owned.
Lines to Ticonderoga, etc.... 18
Bellow's Falls, Vt., to Og283
densbnrg, N. Y.
Total operated
Rutland.Vt. to Chatham N.Y.114
415
Owns entire $100,000 stock and $100,000 4 p. o. bonds of Rutland A
Noyan RR., entire $1,000,000 stock of Rutland Transit Co. and entire
$300,000 stock of Ogdensburg Terminal Co. V. 75, p 1029. (V. 73,
p 437; V. 72, p. 88, 822.) In 1901 W. Seward Webb obtained oontrol.
Stock.— In Jan., 1904, all but $199,400 common stook had been exchanged for pref. ten of common for one of pref. V. 72, p. 439.
Dividends ) Year '92 to '95. '96. '97. '98. '99. '00. '01. '02. 1903.
2
2
Jan., 1
on pref.... 5 P.O. 4 yearly.
3
4
3
;
;
12
In 1903, Jan., 1 p. c; the July, 1903, dividend was passed, surplus
earnings to be applied to improvements. V. 77, p. 38.
Accumulated dividends on preferred said to aggregate 130 per cent.
Bonds.— Rutland-Canadian mortgage is for $1,350,000 (see advt. in
Chronicle of July 15, 1899). In 1902 $1,000,000 4»«|per cent equipment bonds were sold. V. 74, p. 728. Of the amounts shown in the
table above as outstanding there were in the Rutland treasury June
30, 1903, $500,000 Chatham & Ltb. 4 s, $50,000 Ogdensburg Term. 4s.
Earnings.— For 6 mos. ending Dec 31
Gross.
Set.
Otti. inc.
Bal.. sur.
6 mos.
Charges.
1903
$1,329,489
$496,978
$34,981
$306,798
$225,161
1902
1,245,779
426,261
164,180
56,374
318,455
Report.— Report for year 1902-3. in V. 77, p. 2033.
lears hnding June 30.
1900-01.
1901-02.
1902 03.
360
Miles operated June 30
415
416
Gross earnings
$2,376,563 $2,134,382 $1,933,136
717,76''
674,3*9
Net earnings
763,090
Total net Income
770,947
824,249
923,016
Deduot—Taxes and rentals
83,000
90,845
86,548
394,94*
Interest on bonds
534.468
491,041
Interest on loans
1,229
91,635
49,012
8ink.fundlor equip, b'ds. 100,000
33.000
Div. on pref 'stock
(1%)90,576 (3%)261,728 (4%)169,564
—
.
Balance, surplus
$31,805
$7,131
$1,686
Pres.,W. Seward Webb; Treas., Clarence Morgan, Burlington, Vt.
Directors.— Percival W. Clement, Geo. T. Jarvis. Rutland.Vt.; Geo. H. Ball,
Boston. Mass.; John \V. Stewart, Middlebury. Vt.; W. Seward Webb, B. F. Gebhardt, Sbelburne, Vt.; H. Henry'Powers. MorriSTllle. Vt.; James Lawrence,
Groton. Mass Fletcher D. Proctor Proctor, Vt.: Olln Merrill. Enoaborg Falls,
Vt.; Chauncey M. Depew, E. V. W. Rossiter, J. A. Burden Jr, S. R. Callaway.N.Y.
Executive Committee: W. Seward Webb, E. V. W. Rossiter J., A. Burden Jr.
and S. R. Callaway.
-(V. 75, p. 240, 907, 102 8; V. 76, p. 4 7;
77, p. 38, 90, 512, 2033.)
Rutland
Whitehall
Owns N.Y. State line to Castleton.
Vt., 7 m. Leased Feb. 1, 1870, In perpetuity to Rensselaer A Saratoga
RR. (rental $15,342—
on stock) and so operated by Del. Hudson
Saginaw Tuscola
Owns Saginaw, Mich., to Bad Axe,
66 miles. Stock, $600,000 par, $100. In year 1898-9, gross, $147,;
V
A
RR.—
6%—
A Huron.—
;
&
& J Clinton. NY., by check.
Q.-F. N. Y., Or. Cent. Station.
do
do
M. & 8.
do
do
5 A3»* A. A O.
do
do
F. & A.
6
do
do
F. A A.
6
do
do
5 g. A. A O.
do
do
5 g. M. A N.
do
do
5g&7 Various
do
do
M. A 8.
7
do
do
4 g. J. A J.
Company's office.
A J.
lln 1903
A J. N. Y., First Nat'l Bank,
4>*g.
do
do
4g. J. A J.
4 g. J. A J. Boston, Citv Trust Co.
4^g. M. A N. N. Y., First Nat'l Bank,
do
do
5g. M. A 8.
no
do
4 g. J. A J.
do
do
4!sg. M. A N.
do
do
4^g. A. A O.
4
Q.-F.15 Troy, United Nat. B'nk
6
4 f. F. A A. N. Y., Seour'y A Tr. Co
6*4
J.
5
6
Jan., '04, 3*8%
Feb.l5,'04,l>4
Sept. 1, 1910
July
Feb.
Feb.
Apr.
1,
1,
1,
1,
1,
1.
1922
1915
1915
1916
1918
1915
1,
1922
May
May
May 30 '04,31a
July
Jan. 15, '03,1%
July 1, 1941
July 1, 1948
July 1, 1949
Nov. 1, 1927
Mch. 1, 1920
July 1, 1951
Nov. 1, '04-'18
Oct., 1904-17
Feb. 15, '04, 1**
Feb. 1, 1931
Jan. 1, 1951
4 g- J. A J.
768,000
5 8 M. A 8. Boston, Comp'ys Office. Mch. 1. 1944
2,500,000
July 1, 1952
New York.
4
J. A J
1.000,000
5,500,000 5 in 1902 J. <fc J. N. Y., Central Trust Co. Julyl5.'02,2i«
4 g. J. A J. N. Y., Central Tr. Co. Jan. 1, 1947
3,500,000
July 1,'03, a
1,6)5,000 See text. See text
800,000
5 g- J. A .1 N. Y., Seeur'v ATT.Co July 1, 199b
400.000
6 g. A. A O S.Y., Colonial Trust Co Oct. 1, 1996
"Too
;
Central
1,103,000
1,950,000
9,057,600
3,487,200
4,400,000
1,350,000
500,000
500.000
500,000
379,000
900,000
150,000
255,700
1,000,000
100
Balance, surplus... $503,1^5
$2,. 74, 290|
Total
Total surplus of system for the year
$4,947,526
Officers.- Chairman of Board, W. B. Leeds President, L. F. Loree
Treasurer and Secretary, D. O. Reid Assistant Treasurer and Assistant 8ecretaty, George T. Boggs.
Directors-W. B. Leeds. Wm. H. Moore. D. G. Reld. F. L. Hine, Geo. G. McMnrtrr, A. R, Flower. Geo. S. Brewster, D. G. Boissevain and Ogden Mills.
New York R. R. Cable. James H. Moore and Marshall Field. Chicago B. F.
Yoakum. «J'. 1-ouls; H. C. Frlck, Plttsbure, Pa.; Geo.T. Boggs, East Orange. N J.
Klaance Committee— W". H. Moore. Chairman; W. B. Leeds, D, <i. Reid.
J. II. Moore, V L. Ulne and Marshall Field
N. Y. offloe, 71 Bdway.-( V. 78,p 49, 104, 229. 344.)
Bock Island Peoria Ry.—See page 1747.
Owns road from Rome to Clinton, N. Y.,
Clinton
13 miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
A Hudson Canal Co. and operated by N. Y. Ontario A Western.
Home A
375,000
750,000
1,000
and Cnmi any.
29o
417,800
9,576,000
100,000
175,000
130,000
1,000
251
7
66
owned $2,(66,000 Expenses and taxes
1
$345,360
10,000,000
1,000
1,000
1,000
,
Ogdensburg.Term.Co M.,lnt.gu.,s.f $10,000 y'rly
Rutland <£ Whitehall JiR.— Stock (no bonds)
o*
'65-91
'68-71
1900
1901
1894
1902
A
Ro<k
5
1
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
.
2.
(i<)
Bonds— FrlnoiLNTKRE8T OR DIVIDENDS.
- pal, When Due.
^^"Jm-., Rat® P^ pWhen Where Payable, and by Stocks— Last
Outstanding
Whom.
Dividend.
aya bie
0en £
1855 100 &o.
1874
1,000
1885
1885
1886
IMS*
1,000
1891
1H9S
1899
1897
1900
1901
1901
1902
&
Inc.from stocks
$100
100
<t
All
Consol. M.(lnt. only in gold,$500,000 are 3»«b) F.o.
Oswego Bridge Co. 1st mortgage
17
Syracuse Phenlx A Oswego 1st mortgage.
13
Norw'd A Mont. 1st M., g., $360,000; $10,000 p.m.
7
R. W. A Og.Term. RR. 1st M., gold, assumed . .o*
28
Osw. & Rome, 1st M.7b ($350,000) and 2d M.5s,gu.
Bl. Rlv. st'k,7 p. o. perpet. gu. by R.W.&O.
150
Utloa A
U. A B. R. 1st M., $2,000,000, g., gu. p.AL.Ce.o 150
120
Butland—Stock, preferred (for com. see text)
First consol. mort. for $3,500,000, gold. Us .o*<fcr 120
L. Ch 1st M., $4,400,000, g., assu.Ce..o*
127
Ogd.
Rut.-Can.— 1st M.,g., as8um.,$l,350,OOO.OB..o* 43 H)
1st ref M. g., assomed. N .o*r
59
Bennlng & Rutland—
59
2d M., gold, assum., sub), to call aft. 1901 Co.o*
1st M.. $500 000, g.. p. A l.,gu S
Leb. Val.
Cbath.
58
maturing $33,000 yearly..
Equipment trusts, g
$100,000 y'ly.A B.cdfcr.
Equip, tr. $1,000,000, g.,
Ml
1
,
Miles
Bock Island <t Peoria Bonds— Bee Rock Island Co. above
Home 4 Olinton— Stook (rental guaranteed)
Borne Watertovm
;
;
448; net, $45,644; other income, $5,495. Leased to Pere Marquette
RR. for 999 years from Feb. 1, 1900, for guaranty of principal and
Interest of bonds (form V. 71, p. 30) and maintenance.— (V. 72, p. 88.)
See page 1747.
St. Louis Relt
St. Clair Madison
RR.—
A
Johnsfoury A Lake Chain plain RR.— Owns Lunenberg,
Vt., to Maquan Bay, on Lake Champlaln, 120 miles, and branch from
St.
North Concord, Vt., to East Haven, 11 miles total, 131 miles. The road
operated Independently although a majority of the stock is owned by
the Boston A Lowell, leased to Boston & Maine. Notes payable June
pref., $1,298,500;
30, 1903, $296,": 20, Stock, common, $2,550,000
par of shares. $50. In year 1902-03, gross, $358,767; net, $58,403; def.
under charges, $19,866.
Grand Island Ry.— Line of Road— St. Joseph,
St. Joseph
Mo., to Grand Island, Neb., 251 miles. Trackage, St. Joseph to Gower,
Mo.. 20 miles, and Gower to Kansas City, 41 miles.
History.—A reorganization Feb. 23, 1897 (per plan In V. 62, p.
;
Is
;
A
784,950). of the
St. J.
A Grand
Island Railroad, sold in foreclosure.
Union Paciflo interests are understood to be in control. V. 75, p. 907.
Stock.— Common $4,600,000; 2nd pref. 4 p. o., non cumulative,
$3,500,000; 1st pref., $5,500,000 (see table above); par $100.
1900.
1901.
1902. None
1899.
DrvTDENDg (p. 0.).. \ 1898.
On
1st pref
5
i
3
5
3
5
since.
was 2 p. o. till Jan. 1, 1899; then 3 p. 0.
4 p. 0. Bonds for $500,000 reserved
Bonds.—The 1st mort.
interest
till J an. 1, 1902 and thereafter
for uses of new company cannot be issued to exoeed $100,000 yearly,
and $1,000,000 can be sold only for new mileage at not exceeding
64, p. 1138
$6,000 per mile. Mortgage is for $5,000,000. Seelistlngln
Latest Earnings.— a months ending Feb. 29:
Int., tax., etc. Bal., sur.
Oross.
Net.
8 months—
V
$15,243
$926,436 $171,904 $156,661
372,611
151,971
220,640
936,888
Annual Report.— Fiscal year ends June 30. Report for 1901-02
with balance sheet, was In V. 75, p. 1029. In 1902-03, gross, $1,
388,162; net, $451,761; interest, taxes, etc., $227,092; balance, surplus, $224,669. President, W. T. Van Brunt Treas., Graham G. Lacy,
8eo'y, Francis W. Russell, St. Joseph. Mo. Directors Oct., 1902, V.
1903-4
1902-3
75, p. 907— (V. 76, p. 159; V. 77, p. 398, 2036.)
Owns South Bend,
Southern
St. Joseph South
Ind., to St. Joseph, Mich., 39 miles. A reorganization of the Indiana
& Lake Michigan Ry., foreclosed and sold Deo. 8. 1898. V. 67. p. 1263.
Stock, $500,000 common and #250,000 5 p. c. pref. Leased Mo Indiana DJlnois A Iowa RR. for 50 years from Feb. 23, 1900; 5 p. o. per
annum on pref. and 2 p. o. on common are paid Mar. 15 and Sept. 15.
No bonds.— (V. 73, p. 554.)
From Malone, N. Y. (on
st.
Adirondack
Mohawk A Malone) to Adirondack Jet., 56 miles, connecting there with
he Canadian Paciflo at Its St. Lawrence River bridge, Montreal.
Dividends, 2^ p. c, paid Sept. 1,1901; in 1902, March, 2^ p. 0.;
Current liabilities June 30, 1903, $83,194;
in 1903, July, 3 p. 0.
equipment trusts, $79,843.
Earnings.— For 6 months ending Deo. 31:
Gross
Net.
Oth income. Charges.
Bal. sur.
6 mos.
RR.—
Rend A
Lawrence A
Ky.—
,
1903
$130,996
$378
$51,538
$53,010 def. *1,094
1902
437
118,756
60,846
141,476 sur.19.807
other income, $612;
In 1902-3, gross, $269,697 net, $153,607
charges, $81,892; bal., sur., $72,327. In 1901-2, gross, $241,782;
;
net, $87,987.
St. Louis
President,
A
W. Seward Webb.— (V.
75, p. 794.)
RR.— See Mobile A Ohio RR.— (V. 70, p. 532.)
Reno A Western Ry.— (V. 77, p. 350.
Cairo
St. Louis i;i
Gulf Ry.— Extends from Cape Girardeau, Mo., southSt. Louis
erly to Leechville, Ark., 120 miles, with branch from Caligoa via
Campbell to Caruthersville, 55 miles; other branohes, 90 miles; total
of all, 265 miles. Consolidation May 1, 1902. V. 74. p. 938, 1039.
The St. Louis A Han Francisco owns the entire $6,000 000 stock and
guarantees the first mortgage bonds. Old bonds outstanding additloaal to ihes» are: $60,000 St. Louis Kenton A Southern 6s, due Feb
1.1921; $54,000 PemUcot Division rs, due April l, 1914; $65,000
Keunett
Osceola fts, due Jan. 1, 1919; other bonds etc , assumed,
$14,300. V. 75, p. 1148; V. 78, p. 769.— (V. 75, p. 1148, 1355.)
St. Louis Iron Mt.
South. Ry.— See Mo. Pac. Ry. System.
St. Louis Kansas City
Colorado
Forest Park (St.
Louis) to Riverview, Mo., 172 m.; branch, 3 m.; trackage, Forest Park
to Union Station, 8t. Louis, 4 m.; almost completed thence west to
Kansas City, 117 miles. In May, 1902, the Chic. Rock Island
Paciflo
Ry acquired the road. V. 76, p. 159; V. 74, p. 938; V. 75, p 136, 794;
V. 78, p. 768. Stock authorized, $20,000,000; outstanding Feb.. 1904,
*3.644,H00; par, $100. Bonds are issuable at $30,000 per mile of main
line.
President, Wm. B. Leeds, Chicago, I1L-(V. 75, p. 78, 136,794.)
St. Louis .Memphis
Extends from St.
Southeastern
Louis, at a connection with St. Louis
San Fran. RR., to Luxora,
Ark.. 249 miles, with branohes. In all about 416 miles, forming In connection with the St. L.
S. F. RR., the shortest line between Birmingham Memphis and St. Louis. V. 75. p. 291.
Organization. -In Nov., 1902. the St. Louis
San Francisco acquired the entire $12,500,000 outstanding stock. V. 75, p. 1088, 1 148.
Bonds.- Of the 4s of 1902 $5,000,000 were underwritten by New
York. St. Louis and Boston capitalists. In March, 1904, only SB40.000
South Mo. A Arkansas bonds remained outstanding. V. 74, p. 207,268.
A
A
A
A
RR.—
A
A
A
RR.—
A
A
—
RAILWAY STOCKS AND BONDS.
169G
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
&o., see notes
Date
of
Bonds— PrlnolLNTEBE8T OB DIVIDENDS.
pal.When Due.
When Where Payable and by Stocks—Last
11
Outstanding ^*"* Payable
Whom.
Dividend.
Size, or
of
Par
Amount
Road. Bonds Value.
Louis dt Cairo—See Mobile & Ohio.
Louis dt Gulf— Bds., etc.. assam. (V. 74, p. 1039)
1st mort., $6,000,000, authorized, guar
Underlying bonds
St. Louis Kansas <& Northern— Bee Wabash Rt.
105
St. L. Kan. Oity <& Oof.— 1st M„ $20,000,000, g Sst.
416
1st M.. $13,000,000, g.red.lOSOB.O*
St.L. M.dtS
erch. Br. Term.— 1st M., gu.p.&i., g.SSt.c
St. Louis
Meroh.B*gelstM.,red.aft.Feb.l,1909,atllO.SSt
126
St. L. <& No. Ark.— 1st M., g., $25,000 p. rn.text.Un
St. Louis A San Fro».-Oom. stock, $64,000,000 1,691
1st pref. stook, 4 per oent, non-oum., $5,000,000 1,691
1,691
2dpf. stk. 4% n. -on. $31,000,000
M. pref. stock tr. otf s., $15.000,000,gu.
K.C. F. S.
St.
St.
—
$14,300
1902
[Vol. Lxxvni.
4g- M.
5,852,000
193,300
$1,000
A
N.
0.&E.Lcom.8tk.tr.cfs.,$7,217,rOO,g.gu.re.p'rOol
do pref. do $6,830,700, g.,gu.,red.par.Col
o'&r 2,589
Refunding mort., gold, $85,000,000. 1»Io
ColL tr. notes secured by St. L M. &S. E.stk.Ea
222
Col. tr. notes (St. L. S. F. &N. O.), g. red.par.No
1901
1.000
A J.
4,735,000
4g.
1902 l.OOO&c *9,188,50O
J. A J.
1890 500 &o.
A. A O.
3,500,000
1889
1,000
2,000,000
A A.
I"'
1900
1,000
A J.
3,065,500
5 g.
100 29,000,000
.
100
....
Q.-J.
5,000,000
4
100 16,000,000 4 In 1903 Q.-M.
....
100
13,510,000
4g. <4—J.
100
7.149,200
10 g. J. & J.
100
4,171,700
6g. Q.-J.
1901 l,000&o a56,585,000
J. A J.
} g M. & N.
1902
1,000
4.000,000
4 g1903
1,000
5,613,000
4>ag. J. & D.
Bonds underlying refunding 4s.
mortgage (now 1st), Series A, B & O, gold
Mo.A W. Div. 1st M.,g.,$5,000yearly dr.at 105. .o*
8t. L. & San F. ool. trust gold, s. f. notdrawn.Us.o"
1876 100 &o.
1879
1.000
1880
1,000
M
—
A
2fl
294
82
101
986
64
Gen.M.jg.(l8ton365m.)$3,681,OOOare6s.U»o*
Collat. trust mort. on branohes, gold .(Ja...o*
Consol. mort., $50,000,000, gold, no option.Me 2,393
Southwest Dlv. M. $1,500,000 red. at par, g. Ceo* 112
103
Cent. Dlv. l at M., g, $3,462,000, red. at 102V N .o*
o*
106
Northwestern Division mortgage.N
145
o*
«t.L.Wloh.&W. 1st M.. red. at 105, gold
F.Worth & R. Gr. 1st M.. g., old 5s, int. red.Ce.o* 146
* Da Mar., 1904, $40,000 Southern Missouri A
Arkan
a Exclusive of $1,597,000 additional in treasu ryord
-
1881
1,000
1887
1,000
1896
1,000
1897
1,000
1899
1.000
1900 500 Ac.
1879
1,000
1888
1,000
sas bo nds wer
eposit led in sp eoial trusts.
Yoakum; Vice-President and General
Officers.— President, B. F.
Manager, B. L WinohelL— (V. 75,
p. 291,
1088, 1148.)
St. Lonls Merchants' Bridge Terminal Ry.- Organization. —Double-track road from near Union Depot, via Main Street, Hall
Street, Ac, to Ferry Street, opposite the Merchants' Bridge, 7 miles. It
owns and controls the Madison 111. A St. L. Ry., connecting the town
of Madison and East St. Louis, 8 miles total, 15 miles. Leases Merchants' Bridge for interest on the Bridge Company's $2,000,000 bonds.
As to litigation, V. 77, p. 299, 512.
Stook authorized, $3,500,000; Issued to Jan. 1, 1904, $2,939,500;
par. $100. On Deo. 31, 1903, there was due to Terminal RR. of St. L.
$1 ,333.489 for advanoes under its guaranty. In Nov., 1893, Terminal
RR. Association of St. Louis guaranteed by endorsement the prinolpaland interest of its $3,500,000 first mort. bonds and the interest on
$2,000,000 Merchants' Bridge 6s. The 6s are sublect to call after 20
years at 110 and interest.
Earnings.—Year 1903, gross, $1,074,238; deficit under taxes and
rentals, $69,597; interest, $190,193; deflolt, $259,790.— (V. 77, p. 299.)
;
St. Lonls Sc North Arkansas RR.— Seligman, Mo., connecting
with the St. Louis & San Francisco Ry., to Harrison. Ark., 68*s miles;
extension from Harrison to Leslie, 60 miles, was completed in Oct 1903.
In Dec, 1902, the Leslie A Southern Ry. was incorporated with $3,000,000 capital stook, by the same interests, to build an extension
from Leslie south to Little Rook, Ark., 120 miles.
Successor by purchase Feb. 1, 1900, to Eureka Springs Railway.
The first mortgage of 1900 was to secure $3,212,500 5 p. o. gold
bonds on entire proposed line of 128 ** miles, at $25,000 per mile,
per plan V. 69. p. 645. Stook, $1,712,500; par, $100. For calendar year
1903 (112 aver, miles), gross, $281,732; net, $113,969; int., $10»,356;
,
taxes, $6,254; bal., sur., $4,359. President. John Soullin, St. Louis;
W. 6. Roberts, Eureka Springs. Ark.— (V. 73, p. 900).
Sec.,
St.
St.
Lonls & O'Fallon RR.—V. 77, p. 1747.
Lonls Sc San Francisco lilt.— See Map.)- Road.—As
(
thown by the map, the system embraces ITSee
Miles.
Lines owned—
Leased—
this Co.
:
Louls,Mo.,toOkla.,0. T.. S43
Springfield, Mo., to Knoohe
189
Jot. (Kan. City), Mo
Monett, Mo., to Red River.
286
Oklahoma, O. T., to Red Rlv. 175
Sapulpa, I.T.,toDenlson,Tex. 193
PelrceCity,Mo.,to Ellsw'h.K. 323
St.
K
C. Ft. S.
Kan. City Mem. A Blrm.
286
Operated independently— Miles.
Fort Worth A Rio Grande..
196
Red Rlv. Tex. A South. (InoL
31m. traok to Fort Worth. 87
Parts A Great Northern RR.
17
Hope, Ark., to Ardmore, I. T 233 St. L.San. Fran. A Tex. Ry..
16
Beaumont, Kan., to Red River 318 Okla. City A Texas Ry
9
Fayetteville, Ark., to OkmulBlaokwell Enid A Texas ..
13
gee, I. T
144 Chicago & Eastern Illinois. 1T751
Tulsa, [. T., to Arard, O T... 175
Total Mar. 1, ' 04, (IncludBranohes In Missouri, Kaning 151 miles trackage)..
sas and Arkansas, etc
272 TISt. Louis Memphis A S. E.,5,084
Trackage—
sinoe acquired
416
Knoohe Jet. to Kansas City..
4 ITSt. Louis A Gulf, to be
265
Birmingham Belt RR
16
IT Also owns Jointly with the Atoh. Top. A Santa Fe the Kan. Southwestern Ry., Arkansas Oity to Anthony, Kan., 59 m. In Jan., 1903, a
unlonof certatnof the controlled companies was proposed. V.76,p 159.
In Apr., 1903, the Oklahoma City <6 Western Ry., an extension from
Oklahoma City southwesterly to Quanah, Texas, 184 miles, was completed. The Birmingham Belt RR, owning 16 miles of traok around
Birmingham, Ala., was purchased; also the St. Louis San Fran. A New
Orleans Ry., Hope Ark., to Ardmore, Ind. Ter 224 miles, oompleted
. .
. .
. .
,
V. 74. p. 1197; V. 75, p. 75, 343. An extension is proposed from St. Louis to Shelbyville, 111., 95 miles, at a connection with
the Chic & East. Illinois. V. 75, p. 291.
The entire stook of the St. Louis Memphis
Southeastern RR. was
acquired in Nov., 1902. See separate statement and V. 75, p 1087,1148.
In July, 1903. aoqulred the Ozark
Cherokee Central Ry., Fayetteville, Ark., to Okmulgee. I. T., 144 miles, with extensions under construction from Fayetteville to Jasper. Ark.; Okmulgee, I. T., to Okla
homa, O. T., and Muskogee, I. T., to Ft Smith, Ark.; total to be 400 m.
Gulf, V 78, p. 769. See those oompanies.
St. Louis
The Arkansas Valley Western RR., Red Fork to Avard, Okla., 195
miles, has been operated from Mar. 1, 1904. V. 78, p. 49, 1168. St.
Louis Brownsville
Mexico, having 460 miles of projected Unse, of
which 75 were graded in Feb., 1904. See V. 77, p. 350, 770; V, 78,
p. 584, 704. Houston Beaumont & Northern, V. 78, p. 49, 1392.
The new north -and-south trunk lino to New Orleans to be oompleted
about July, 1904, will Include Chicago A Eastern Illinois, St. Louis
Memphis
Southeastern, St. Louis
Gulf and St. Louis San Francisco
New Orleans, thence reaching New Orleans by Mobile & Ohio
and New Orleans & N. E. trackage, 340 miles. V. 77, p. 38. 148; V. 76.
p. 1144; V. 77, p. 2391; V. 78, p. 49.
Organization—Organized June 30, 1896, to suooeed to the property
and franchises of the Railway company sold In foreclosure and reor.
per plan in V. 62, p. 829 and 1140—see also p. 742. Central Division
of Atl. A Pao., 112 miles, was purohased in July, 1897. V. 65 p 150
In May, 1903, the Rook Island Co. aoqulred $27,988,300 of the $30,808,000 oommon stook, the latter receiving (per $100) $60 in oommon
stook of the Rook Island Co. and $60 In 5 per oent gold bonds of 1913,
A
A
&
A
&
A
A
&
&
g> M.
2 g. F.
6
6 g. F.
6k- J.
5
g.
Louis, Mo.
N.Y., Morton Tt.A 8t.L.
N. Y., Comp'y's otfice.
N.Y.,F'rsL.&Tr. ASt.L.
N. Y., Farm. L. & Tr. Co.
N. Y.,Un. Tr., and St. L.
N.
Nov.
1,
1952
July
Jan.
1,
1,
1,
1,
1,
1951
195S
1980
1929
1941
Oct.
Feb.
Jan.
Apr. 1, '04, 1%
Checks mailed.
do
Mar. 1/04,1%
Y. Mero. Trust Co. Apr. 1, '04, 1%
Checks mailed.
July 1, 1943
do
do
July 1, 1942
Y.. Morton Tr. Co.
July 1, 1951
New York.
Nov. 1, 1942
New York.
Deo. 1, 1908
&
A
A
A
&
&
N. N. Y., Mercantile Trust. Nov. 1, 1906
A.
do
do
Aug. 1, 1919
A. N. Y., United States Tr. Aug. 1, 1920
J. N.Y., Mercantile Trust. July 1, 1931
A.
O. N. Y., Union Trust Co. Oct. 1, 1987
J.
J. N. f., Mercantile Trust. July 1, 1996
A. AO. N. Y., Mercantile Tr. Co. Oct. 1, 1947
do
do
A. <fe O.
Apr. 1, 1929
do
do
A. A O.
Apr. 1, 1930
eg. M.
4g. J.
&
&
S.
J.
&or unde rlying
do
do
N.Y., H.B.Hollins
A Co.
b onds deposited as seour
Sept. 1,
July
Ity,
1,
1919
1928
see text.
of the Chicago Rook Island A Paoiflo BR. See those oompanies, V. 76
p. 1086, 1249.
The New Orleans Terminal Co. was organized jointly by the St.
Louis A San Franoisoo and Southern Ry. systems, and Issued 4 p, o.
gold bonds (present amount $3,000,000), which are guaranteed jointly
by the St. L. & 8. F. and the Southern Ry. V. 77, p. 38; V. 76, p. 1144.
The Kansas City Fort Scott A Memphis Ry., extending from Kansas
Oity to Memphis, Tenn., with branohes. a total of 854 miles,
was acquired in 1901; its entire stock is owned and road leased for
interest on bonds and 4 p. o. on pref. stook trust certificates (see above
table), the new refunding bonds being guaranteed, prln. and interest.
See K. C. Fort Scott A Mem. In this Supplement and V. 72. p. 438,
532, 581, 1238. In May, 1901, acquired over 90 per oent of the stook
of the Ft. Worth & Rio Grande Ry., Fort Worth to Brownwood, Tex.,
146 miles; an extension, Brownwood to Brady, 49 miles, was completed Mar., 1904. Control of Chicago A Eastern Illinois, 747 miles,
was acquired in Aug., 1902; see below.
Stock.— Oommon stook Issued, $30,808,000, of whioh $1,808,000 In
Apr., 1904, held In treasury. The oompany reserves the right at any
time to redeeo. either or both classes of Its preferred stook at par in
cash. Provisions of the pref. certificates were in Supplement of Apr.,
1897, page 6.
Dividends.—
1897 1898. '99. '00. '01. '02. '03.
1904
First pref
2 p. ct. <—
4 per oent per annum.
Ino. Apr., 2
Seoondpref
1 p. ct.
2
2
4
4
Mar., 1
3»s
In latter half of 1901 dividends on both preferred stocks were
changed from semi-annual to quarterly.
Bonds—Consol. mortgage of 1896, see abstract In V. 64, p. 1 8 6.
refunding 4 per cents of 1901, $85,000,000 authorized.
The refunding 4s are issuable and Issued as follows (V. 77, p. 2391)
Authorized
Issued.
1. To retire underlying bonds
$62,500,000 *$42,601,100
2. For Improvements, bett erm'ts, new equipment, etc., at $1,000,000 per year
6,0^0,000
3.000,000
3. Additional lines, extens'ns, etc., at cost ..x!6, 500,000
12,580,900
—
Total
A M. and trackage. 1T854
In Jan., 1904.
2,050,300
134,000
195,000
9,484,000 5
439,000
1,558,000
829,000
145,000
48,500
304,000
2,923,000
e outstandin
St.
$85,000,000 t$58,182,000
To retire
S3S.026.ltO underlying
bonds mentioned below,
all deposited under the mortgage.
$32.ooo per mile (incl, underlying liens) $1,500,000; at sot
x At not exceeding
exceeding $22,noo per mile (incl. underlying liens) $12,000,000.
Deposited as security for deferred payments Ok. City A Western
+ includes
RR.. $1,$0T,OOO: in trnst for Northwestern Division Improvement fund, $1100.000;
total. $1,»97,000; leaving In the hands of public, $56,686,000, as shown In table
above.
The underlying bonds which have been deposited as security under
the refunding mortgage, and which are therefore kept alive, are:
$3,6*9.700 Southwest. Div. 5s
B. A C. OS of 1906
$671,000
866f00 Cent. Div. 4s
Mo.*W.DIv. 6s
1,817,000
St.h.Wl0h.«Weit.6«
1,696,000 8t. L. Okla. tt So. 4s (all)
4,650,000
7«<1,000
Trust 6i of l»80
Kansas City Dlv. 4s (all)
$.8*4,000
07S.OOO
175,000
Ft. Smith * Van Bur. Br. 6s..
do
do
3s (all)
Gen. mort. 6a of 1881.
4.128,000 Northwest. Dlv. 4s
1.2M.500
6.48-1.000
do
6a
Consol. 4s
6.954,200
660.000
Trust 5s of 18*7
There hare also been aoqulred and deposited under the refunding
*
:
A
mortgage the following stocks and 4 p. o. bonds, representing new extensions (being the entire Issues on account thereof), the latter aggregating 551-13 miles. (As to location, see V. 77, p. 1538, 1537).
Name of road Miles.
Stock.
Bonds.
Oklahoma Oity & Western RB
174 85 $5,000,000 $4,023,000
Oklahoma City & Texas RB
8*68
50,000
49-72 114,001,600
Ft. Worth & Rio Grande Ry
,994,000
Sulphur Springs Ry
8-72
200,000
174,000
Blaokwell Enid A Southwestern Ry.. 238-67
500,000
4,500,000
12-75
Blaokwell Euld A Texas Ry
20,000
57*74
Red River Texas A Southern Ry
400,000
815,000
$ Issued lor extension from Brownwood to
IT Substantially the entire Issue.
Brady, Tex. (entire amount): total length of road, 195 88 miles, balance of
issue, $2,023,000, being In hands of public.
COLLATERAL TRU8T GOLD NOTES.
Of the $9,160,000 of 5-year V* per oent gold notes of Deo., 1903,
$7,125,000 are Issuable, per plan V. 77, p. 2281, to acquire the entire ($1,060,000) outstanding preferred stook of the St Louis San
Franoisoo A New Orleans RR., extending from Hope, Ark., to Ardmore, I. T., 224 miles, with proposed Platte out off, 9 miles, and the
St. Louis & San Franoisoo New Orleans extension collateral trust 4s,
the latter being secured by all the issued first mortgage bonds ($6,487,000) and all the $6,021,000 outstanding common stook of the St. L.
The gold notes Issued are thus virtually secured by
S F. & N. O.
a first lien on the St. L. S. F. & N. O. RR. The remaining $2,035,000
notes are reserved against deposit of additional extension bonds hereafter Issued in proportion of $900 notes to $1,000 extension bonds.
The subscribers to the gold notes were to loan the oompany $700,000
for one year from Deo. 1, 1903, at 6 per oent, payable semi-annually,
seoured by $1,000,000 of the gold notes.
The $4,000,000 forty -year 4 per oent oollateral trust notes of 1902
(Eastern Trust Co. of N. Y., trustee) are seoured by deposit of the entire
($12,500,000) St. Louis Memphis A Southeastern stook. They are subject to call at 82 1* to July 1, 1904, and thereafter at par at any time
on 30 days' notloe. V. 75, p. 1148.
RR
—
^
,
RAILWAY STOCKS AND BONDS.
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:
RAILWAY STOCKS AND BONDS.
169*
RAILROAD8.
Miles
of
For explanation of oolumn headings, &o., see notes
on first page of
Date
81ze, or
of
Par
Amount
Road. Bonds Value. Outstanding
tables.
8t. Louis Jt Nan Francisco— (Concluded)—
16
Blr. Belt ) st M., g., red lu2^, gu.p.&i.end.OB.o*
Ft. 8. AV.B. Bridge 1st M.,g.,dr.atl05.guar.p.Ai.c*
Eastern Illinois and Kan. City Fort Soott
Chioago
Equipment notes, payable s. a. (V. 73, p. 1314.)
Equip, notes, g., ser. B.,red. par., $62,000 due s.a
do g., ser. C. due $50,000 seml-ann'iy
do
do
do gold, ser. E, $12,188 monthly
&
do
do g., ser. F, due $58,000 quarterly N
Lou. Sonthto.—lBt M. otfs. ,$16,500 p. m., g.Oe.C 1,223
2d M. 4% lno., $10.000,000.non-oum., gold.Me.o' 1,223
lstconsol. mortgage, $25,000,000, gold.B.o*ftr. 1,233
16
Gray's Pt. Teravl, IstM., gu., p.Al.e.g.SSt.oAr
St.L.TroyAE. -1st M..$600,000,g.,red.text Id St cftr
13
101
Bt. L. Walk. <t Oulf-lBt M., $1,225,000, g. A £.F.
81. Paul <t Duluth—Bee Northern Pacific.
56
St. Paul Eastern Or. Trunk— 1st M., g., int. guar.o*
St. Paul Minn. <t Manitoba— Bee Great Northerner. Paul <t No. Pacific— Bee North'n Pacific RB.
Bt. Paul Unton Depot— 1st M., g., Int. as rental
Con sol. M., gold ($100,000 are is), int. as rental
Salt Lake A Los Angeles 1st mort., gold.IWo. c
15
Salt Lake <£ Mercur—1st mort.. $300,000, gold.B. 12ifl
nan Antonio <6 Aransas Pass— Stook
1st M., $21,600,000 g., guar. p. & 1. (end.).Ce.o*<fcr
687
Han JHego Ouyamaca dt East. Ry.— 1st mort., g.IUe
25
San Diego it Eatum—1st mortgage, $10,000,000.
<tan Fran. <£ No. Pacific— 1st M., gold, 8. f.JTf e.o'&r
i'65
Cal. Northw., IstM., $2,000,000, g., gu.p.&i.,s.f.
60
Ban Fran. <& San Joaquin Val.—Bee Atch. Top. & 8. Fe.
Ban Ped. Los An. dt 8 Lake— 1st M.. $50.000,000,g.
Santa Fe Central— 1st M., $2,500,000,g.PPi
Binta FePres.A PA«>.ma:-lRtM..$fi.OOO.OOn.g.iU«vo* 198
St.
—
1880
1894
1893
1898
1,000
1,000
1,000
1,000
1,120,000
&
$9,156,836
$8,345,572
$8,101,200
3,530,437
3,191,720
2,586,658
Rentals of leased lines.
2,780,865
2,434,069
1,887,672
Taxes
382,820
360,759
338.074
Miscellaneous
98,774
81,546
295,716
8R9.222
Div.C. AE.L stk. tr. otfs.
Dividend on 1st pref.... (4%) 199,742 (4 ) 199,742
(4%) 200,000
Dividend on 2d pref
(4%) 640^000 (4 ) 605,539 (2%%) 400,000
Div. K. C. F. S.&M. com. stk.
(4%) 395,920
Deduct—Interest on b'nds
$1,472,197
Yoakum;
$1,997,159
President, A. J. Da-
vidson; 1st Vlce-Pres., Robert Mather; Seoretary and Treas., Frank H.
Hamilton; Comptroller, O. W. Hillard. N. Y. oflice, 71 Broadway.
Directors— (April, 1904) J. A. Blair, D. G. Reid, L. F. Loree, F. L
Hine and J. T. Fulton of New York; W. H. Moore, W. B. Leeds and
J. H. Moore of Chicago; Nathaniel Thayer, Benj. P. Cheney of Boston,
Mass.; H. C. Pierce, B. F. Yoakum, James Campbell and W. K. Blxby, St. Louis. Executive Committee, James Campbell, William B.
Leeds, L. F. Loree, James H. Moore, William H. Moore, Daniel G.
Reid and B. F. Yoakum -(V. 78, p. 49, 1276. 1393, 1448.)
St. Lonia San Francisco &. Texas Ry.— (V. 76, p. 159, 752.)
St. Lou I* Southwestern Ry,
(See Map.) —Embraces:
—
LOUIS SOUTHWESTERN RT. CO.
Main Line— Cairo to Texarkana. 4180
BT.
New
Madrid Branch
Grays Point Branck
Stuttgart Branch
Little K»ok Branch
Shreveport Branch
|
j
flT'8
84-8
417
59'S
LOUIS SOUTHW. RY. CO. OF TEX.
M»ln Line— TexarkanatoGatesv.3«> 4 6
Fort Worth Branch
97'2
Dallas Branch
12 1
Sherman Branch
1OW0
Hi lsboro Branch
40'0
Lufkin Branca
886
ST.
-
6'7
I
Total of all operated mileage Jnne 80, 1903
&
1,279-B
Aleo has St. Louis Iron Mountain
Southern trackage, not included
In operating accounts, viz.: St. Louis to Bismarok, Mo.. 75 4 miles;
Bismarck, Mo to Delta, 74 miles; Memphis, Tenn., to Fair Oaks, Ark.
60 miles, making the total lines 1,489-3 miles. Also the right to run
passenger trains between Ft. Worth and Dallas over Texas & Pacific.
32 miles. V. 77, p. 90. Of the 1,280 miles, 487 are laid with 75-lb., 30
with 70-lb.,»713 with 561b. and rest with 35, 55 and 60-lb. steel rails.
Organization.—Reorganization per plan In V. 70, p. 141, 561, of St.
Louis Arkansas A Texas, sold in foreclosure In October, 1890. The
St. Louis Southwestern Ry. of Texas on July 1, 1903, purobased the
T«xas A Louisiana RR., extending from Lufkln, Tex., to Monterey, 22
miles, and will extend to a point at or near Newton, a distance of
70 miles. V. 76, p. 1086; V. 77, p. 1223
stock.—Stock Issued, oommon, $16,500,000; authorized amount increased In 1902 to $35,000,000; pref., 5 p. o. non-cum., #20,000,000,
of whloh In treasury June 30, 1903, oommon, $143,900; preferred.
i»™i«jitiou,
$106,350. Par of shares. $100.
Bonds.—The first mortgage certificates are issued against a like
amount of first mortgage bonds secured upon the constituent lines at
a rate not exceeding $16,500 per mile, and the second mortgage certificates against second mortgage bonds at $8,250 per mile.
The first consols of 1902 (authorized Issue $25,000,000), are secured
by all the property of the company, subjeot to the prior outstanding
bonds. Of the amount $6,000,000 were issued to retire $1,700,000
equipment bonds and other capital requirements; $9,000,000 were
reserved to retire by exchange the $10,000,000 seoond mortgage
Income bonds (of which $6,739,500 had been acquired in June, 1908)
and the remaining $10,000.C00 for the acquisition of branch lines at
not over $20,000 per mile, acquisitions and Improvements. (V. 75 n
136.) See V. 74, p. 328, 578, 630, 831; V. 75, p. 790; V. 77, p 2160*.
Gray's Point Terminal guaranty In V. 69, p. 1062. St. L. So. W. owns
all stock and leases road for fifty years.
(V! 65, p. 413.)
EARNING8.-8 mos., > 1903-4. ... Gross, $5,420,400; net, $1,808,948
July 1 to Feb. 29. f 1902 3 ...Gross, 5,030.764; net, 1,424,037
,
J.
J.
4
5
5
g.
g.
g.
A
D.
A.
Y.,
J.
M.
A
Tuesday In October.
see also
edit., p.
1262.
Ho/tits— Princi-
When Due.
Stocks—Last
Dividend.
pal,
Oct.
Apr.
J'ne.
1922
1910
1904
'11
To May 1, '12
Co. To May. 1913
N. Y., Blair
July 'O4-Oot.*10
Co.
S. Y, Central Trust Co. Nov. 1, 1989
N. Y., Merc Trust Co. Nov. 1 1989
N. Y., Bowl. Gr Tr. Co. June 1, 1932
N. Y.,B.Gr.Tr.
St. L. Deo. 1, 1947
Miss. Val. Tr. Co., 8t. L. Deo. 1, 1919
do
St. L.,
do
Am. Car
<& F.
Jan.
1,
1930
Jan.
1,
1913
1,
1,
1,
2,
1930
1944
1918
1918
1,
1.
1943
1918
1949
19lu
1928
May
May
N. N. Y.. Central Trust Co.
N. Northwestern Trust Co,
Salt
J.
Late
Jan.
City.
N.
May
N. Y., Cent. Trust Co
J.
1
J. 1 per cent pd. in 1901-2
S. Los Angeles and N.
J. N.Y.,25 Broad, AFr'k'it
Jan.
July
Mar.
Y
O.
1,
1,
R.WinthropACo Aug.Ot-Aug.'U
A New
New York.
San Fran.
J.
8 N.
Y
Mercantile
Annual Report.— Annual meeting Is
first
& Co
N. Y.. Rlair
N
&
& J.
A N.
& J.
A D.
&
A D.
A D.
A J. New York and London.
A J. OrHoe.C. AN. W.,52 Wall.
A
A
A
A
A
A
A
A
A
A
See text.
See text.
4.940.000
1,000
1.000
Total net Income
$634,975
6g.
&
O. N. Y., Mercant. Tr. Co.
do
do
O.
MAN
M'nthly
1903
1902
1892
1
of Board, B. F.
F.
1893
1,000
1888 500 Ac.
1904
1,000
1889
1,000
1898
1,000
100
1
..
J.
250,000
6 g. M.
250,000 4g.A5g. M.
300,000
6g. J.
210,000
5 g. M.
1,000,000
J.
Bee text.
.1
550.000
See text.
M
J.
3,926,000
A.
748,000
Belt RR bonds. seeV. 75, p. 1148.
In Jan., 904, #7,149,200 of the 7,217,800 common and $4,171,700
of the $6,830,700 preferred Chicago & Eastern Illinois RR. stock was
acquired, the St. L. & S. F. giving in exchange itc stock trust certificates
at the rate of $250 for each $100 share of common stock and $150 for
each $100 share of prefened stock, upon which 10 and 6 p.o. dividends,
respectively, are paid. Bee Chicago & Eastern Illinois on a preceding
page and V. 75, p. 291, 393, 1031.
Earnings.— For 8 months, July 1 to Feb. 29
Cross.
Other
Net.
Charges
Balance,
income.
<6 taxes.
8 mos.—
earnings, earnings.
surplus.
1903-4... .$24.624, 50 $9.778,0*7 $185,707 $6,871,107 $2,0.^2,687
1902-3.... 21.420,794
8,274 453
277,343
6,191.869
2,359,827
Road operated 4,906 average miles in 1903-4, against 4,301 in 1902-3.
Annual Report.— Report for the year ending June 30, 1902, showing operations of system, comparison being made with same lines for
preceding year, was given at length in V. 77, p. 1529, 1537; see also
edit., p. 1504.
Fear ended June 30—
1903.
1902.
1901.
Average miles
3,675
3,252
2.923
Gross earnings
$24,289,510 $21,620,882
$19,324,279
Net earnings
8,413,532
8,148,410
7,914,392
Other income
136,170
197,162
186,808
Div. on C.
E. 111. stock.
607,132
Balance, surplus
A &
A. A
$&£
1,000
Whom.
Payable
Cent.
$1,000
$1,000,000
4g
1.000
63,000
6g
A Me mphls, s ee those com panics
1901 5.0004c
1,048,000
4
1902 4,000ftc
1,056,000
4
1902
4
800,000
1903
1,334,601
6
1903
1.508,000
5
1890
1,000
20,000,000
4
1891 500 Ac.
4
3,261,500
1902
12,545,750
1,000
g
ig
1897
380,000
1,000
i?
1899 500 Ac.
600,000
6 g
1902
983,360
5
General Finances.— Birmingham
Officers— Chairman
INTERE8T OR DIVIDEND8.
Rate per When Where Payable, and by
1902
1885
1883
[Vol. lxxviii.
held at
Apr.
York.
Tr. r<>
St.
1,
Jan. 1,
1,
July 1, 1953
1942
Sept. 1. 1942
Louis, Mo., on the
Report for 1902-03 was in V. 77,
p.
1222;
—
1902.
1903.
1901.
1900.
Tear ending June 30
Gross earnings
...$7,278,575 $7,267,260 $7,387,174 $5,908,284
Operating expenses... 5,256,164 5,173,066 4,632,892
4,156,073
Net earnings
$2,022,411 $2,094,194 $2,754,282 $1,752,211
Tot. net, lnol. other ino. $2,205,014 $2,183,213 $2,836,478 $1,847,896
Taxes.
195,619
155,771
151,567
61,750
Int.on 1st A con. morts. 1,297,200
814,848
800,000
800,000
Int. on 2d mort. bonds
400,000
380,000
130,460
360,000
Equipment payments385,413
258,825
204,889
Rentals, etc
51.228
59,143
66,907
61,148
Bal. over all paym'ts
$328,190 $1,174,974
$564,375
$270,292
Officers.— President, Edwin Gould; Vice-President and General
Manager, F. H.Britton; Treasurer, G. K. Warner; See., Geo. Erbeldlng.
Directors.— Edwin Gould, Ardsle», N. Y.; R. M. Galtaway, Howard S-«Bid,
Winslow S. Pierce, William H. Taylor and E. T^Jeffery, New York; Murray
Carleton, F. H. Brittou and Charles Parsons, 8t. Louis.
Office, 195 Broadway, N.
(V. 77, p. 90. 299, 951, 2160.
St. Iiouls Troy & Eastern RR.— East St. Louis, I1L, to Troy,
111., with branch, 1 mile, to Collinsville, 111.; total, 13 miles of road
(27 1* miles of track)
Stock, $350,000, all outstanding: par of skares,
$100 Bonds are subjeot to call at par after 1904. For year ending
Jane 30, 1903, gross, $297,178; net, $223,473; other income, $30,099;
•
Y—
total deductions, $67,518; dividends, $43,750; bal.. sur
$142,304.
Pre*., Edwin H. Conrades; Sec. and Treas., Julius L. Winkelmeyer.
Office, 314 North 4th St.. St. Louis,
(V. 70, p. 126; V. 77. p. 251.)
,
Mo—
St.
Louis Vanaalla
Supplement and V.
Ac
Terre Haute
RR.—See
July, 1902,
75, p. 667, 734, 1303.
Lou in Watk In* a Gulf Ry.—Lake Charles to Alexandria,
98 miles, with two branches aggregating 3 miles; total, 101 miles.
Sucoessor on May 24. 1902. of Kan. City Watkins A Gull RR.. sold in
foreclosure on March 24, 1902. V. 74, p. 630, 681. Stock author
ized, $1,225,000; present issue.$993,360; par of shares, $20. Bonds authorized, $1,225,000; present issue, $983,360, consisting of $500,000
in $500 bonds and £100,700 in £100 bonds, valued at $4 87 per *.
Year ending June 30, 1903, gross. $237,108; net. $83,029 charges,
»49,168; bal.. sur., $33,861. President, J. B. Watkins; Sec. and Treas.,
J. S. Thomson, Lake Charles, La. Direotors,V.74,p.68w.— (V.75,p.291.)
St. Panl.— See Chicago Milwaukee A St. Paul.
St. Panl Eastern Grand Trunk Ry.— (See Map Chicago <M
N. W.)— Owns from Oconto to ClintonTille, Wis., 56 miles. Leased
Oct. 30, 1884, for 99 years to Milwaukee Lake Shore A Western.
Rental 30 per cent of gross earnings, interest on bonds being guaranteed.
Lease acquired Aug. 16, 1893, by Chicago A North Western
through purchase of Milwaukee Lake Shore A Western.
(Tke) St. Paul Union Depot Co.— Owns Union Passenger Station
with 8"76 m. of track (additional traoks being put in July, 1902), the
stock being increased from $350,000 to $9,000,000 for improvements
In progress; owned equally by the following:
Great Northern, Northern Pacific, Chic. St. Paul Minn. ft Omaha, Chic. Mil.
St.
La.,
;
Paul. Chic. Great Western, Chic. Bur. & Quincy, Minm. St. Paul ft S. 8te.
Marie, Minn, ft St. Louis and the Cine. it. I. ft Vac.
Authorized stook, $1,000,000. Rental covers Interes t on bonds and
4 per cent on stook since May 1, 1902; from 1890 to May, 1902, 6
per cent dividends were paid. Year ending Dec. 31. 1903, gross, $205,297; net, $29,411; other inoome, $33,146; Int. on bonds, $26,500; construction advances, etc.. $8,495; dividends, $27,562. Pres., A. W.Trenholm; Vioe-Pres., S.C.Stlokney; Sec, W. G. Johnson.— (V. 74, p. 1090.)
Salt
Sc. Los Angeles
Road from Salt Lake to Saltair Beach, Utah, 15 miles, standard gauge— see V. 65, p. 824. Stock
ft St..
RR.—
Lake
$300,000. In 1901 $300,000 first 6s ware outstanding. For year
ending Jnne 30, 1902, gross, $62,073; net, $24,529; other income, $6,023; int. on bonds, $18,000; taxes, $2,252; dividends (2 p. a), $6,000;
balance, surplus, $4,200.— (V. 65, p. 824.)
Salt Lake A lUcrcur RR.— Fairfield to Mercur, 12^ miles.
Btock, $300,000; par of shares $100. Bonds, see table. Calendar year
1902, gross, $79,053; net over taxes, $27,231. President, L. L. Nunn,
TeUurlde, Col. (V. 77, p. 770.)
San Antonio
&
Aransas Pass Ry.—Owns from KerrvWe
to
Houston, 308 miles; Kenedy to Corpus Cnrlstl, Tex., 90 miles Yoakum to Waco, 171 miles Skidmore to Alice, 43 miles, Shiner to Lookhart. 54 m.; branch, 21 in.; total, 687 in., all 50-lb. steel. In Apr.,
1904, was building from Alice to Brownsville, about 150 miles.
Hibtort.—Reorganized without foreclosure sale In 1893. management passing to So. Pao. (see below), whloh owned $2,000,000 stock.
Bonds.—Mortgage Is for $21,600,000 (trustee, Central Trust Oo.)
and the So. Pacific Co. by endorsement on each bond guarantees unconditionally " the punctual payment of the principal and interest."
Bonds for $2,700,000 reserved for extensions, limited to 100 miles
See full abstract of mort. in V. 56,
at $27,000 per mile, equipped.
;
;
540. Due South. Pacific Co. June 30, 1903, $3,609,910.
In 1903 the Texas Railroad Commission ordered the company to
cancel $1,356,000 of tue outstanding $18,900,000 bonds alleged to
be Issued Illegally, to reduce the stook to $1,000,000, and separate
the management from the Southern Pacific. The cancellation of such
bonds hash en deferred pending the completion wltuin two years of an
p.
—
RAILWAY STOCKS AND BONDS.
APR., 1904.]
1
<><)9
Ruthven
Armour
/B eloitj
/Alton\
Scotland;
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reepi
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1
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Burlington)
LINCOLN
Nebraska*
[lavana\
Macon
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Iva
Joseph
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WAtU.
Belolt
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BUPeters.
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r:
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liagm-n
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i
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ushmans
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LITTLl
Lehigh
6
PinkneyY
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c:
°
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i
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raii
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Me,dla
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j
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7
Enterprise^
A
%\
RaratdW
V
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Se
rf'
MONTGO^
5-
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I
/
/
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I
\
rudc;hommu
* Forest
LFloinator.
fells
g^LUFKIN
ST-
>oT
Alexandria/
2)MONTER EYi
c..
\
Cheney V A
.
\
r
Jempstead
AUSTIN^
Fayette\
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1
Kefyville
,
"san Marcos
pac.
#<
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an Citv
fe
A/
Houma
WESTON
KenedyVa*
X
E
MAP OF THE
M
s *M
Kleburg^.
fcsfixansas Pass
Corpus Christ!
.
ST. LOUIS
Laredo
&
SOUTHWESTERN
RAILWAY.
. :
RAILWAY STOCKS AND BONDS.
1700
RAILROADS.
•
Miles
explanation of column headings, &c, see notes
on first page of
Santa Fe Pre*.
Presoott
<£
Date
of
of
Road. Bonds
tables.
Phoenix— (Oon.)— 2d M., gold.Ce
1st M., $375,000, p. & 1. gu.Oe
& East..
198
26i«
1893
1898
f?'
l
Value.
j^T D(M When
Outstanding B
Amount
$1,000
1,000
^n
$2,964,000
375,000
,
,
extension from Alice to Brownsville, on the Gulf of Mexico, about 150
miles, when new bonds on the extension may be issued in exchange
therefor. V. 76, p. 1302, 1409; V. 77, p. 90, 148, 401, 452, 23 lO.
Gross, $2,141,276; net. $4*6,940
Earnings— 10 mos., > 1902-3
Gross, 2,172,830; net, 575,474
July 1 to Apr. 30. 5 1901-2
Annual Report.— Fisoal year changed in 1897 to end June 30. In
1902-3, gross $2,527,041; net, $519,495; int. on bonds, etc., $1,002,407; balance, deficit for year, $482,912. In 1901 2, gross, $2,548,911;
net. $646,414. Directors, V. 77, p. 629. President (Sept., 1903), Chas.
R. Hudson.— (V. 77, p. 90.148,351, 401, 452, 629, 2340.)
San Antonio to Stookdale. 37 miles
San Antonio &. Gulf
Stock authorized, $1,000,000, issued Apr., 1902, $32,000. Bonds authorized, $250,000. In Maroh, 1903, foreclosure was pending. V. 76,
p. 543; V. 78, p. 288. Year ending Jane 30. 1903, gross, $62,802; net,
$6,023; deductions, $3,244; bal., sur., $2,779.
President, George
W. Bracktnridge; Seo'y and Treas.. John A. Fraser. San Antonio, Tex.
—(V. 64, p. 708; V. 69, p. 591; V. 76, p. 543; V. 78, p. 288.)
San Diego 6c Eattern By.— V. 78, 1224.
Sanford 6c St. Petersburg By.— See Atlantic Coast Line RR.
San Francisco 6c North Pacific By.—Point Tiburon, Cal., to
Ukiah, Cal., 106 miles, and branches, 59 miles. Consolidation of Maroh
Has steamer connection (6 miles) with San Francisco.
19, 1889.
Leased to the California & Northwestern Ry.. Incorporated in March,
1898. The 8. F. & N. P. guarantees $2,000,000 Cal.
Nor. 5 per oent
bonds, to be issued at $25,000 per mile. V. 67, p. 370, 688, 788. Stook
Issued, $6,000,000; par of shares, $100.
Bonds.— Issued at $25,000 per mile; sinking fund, $25,000 yearly,
bonds drawn at 110 and Interest. [Mortgage abstract V. 49, p. 241.]
KLatest Earnings.— For 8 months ending Feb 29
Gross.
8 mos.
Net.
Charges.
Bal., sur.
1903-4
$931,263
$210,628
$180,667
$29,961
1902-3
877,065
258,762
181,400
77,362
Annual Report.—Report for 1902-03 in V. 77, p. 449, showed, gross,
§1,299,279; net, $350,277; charges, $263,647; bal., surplus, $86,630.
In 1901-02 gross, $1,132,579; net, $308,265— (V. 77, p. 197, 449.)
San Pedro Lot Aneeles 6c Salt Lake By.—Projected from Salt
Lake City, Utah, to San Pedro, on the Paoifio coast, about 850 miles of
main Line, with branohes, making an aggregate of about 1,100 miles, the
Los Angeles Terminal Ry., 51 miles, being acquired, and formally
merged about Apr. 1, 1901, as a part of the new line. In Apr., 1904,
In operation at the western end of the line from Pasadena, Cal., to San
Pedro, 37 miles, Los Angeles to Riverside, 57 miles, and Los Angeles|to
Verdugo Park, 9 miles; total, 103 miles.
On June 30, 1903, purchased portion of Oregon Short Line (Union
Paoifio system) extending from Salt Lake City to Calientes, Nev.. 340
miles, with some branoh mileage and additional completed mileage
south of Calientes, 550 miles in all. This leaves about 400 miles to be
constructed westwardly from Calientes to complete the through line,
of which 90 miles from Daggett to Riverside to be (temporarily) Atoh.
Top. & Santa Fe trackage; in April, 1904. all but about 100 miles was
practically completed. The 8alt Lake City terminals are leased for 99
years from July, 1903. V. 76. p. 920, 1193, 1356; V. 77, p. 38. 148,
695; V. 78, p. 1393. President W. A. Clark owns control. V. 75, p.
907: see V. 74. p. 269; V. 75, p. 1148, 1204.
all issued.
fc Stock authorized. $25,000,000
f Bonds.— Of the 4s of 1903 ($50,000,000 authorized issue ; Equitable
Trust Co. of New York, trustee,) $40,000,000 may be used for the
following purposes (balanoe reserved for future requirements), viz :
To pay for the 550 miles of Oregon Short Line acquired, for which
$7,800,000 cash was paid, the road already completed and acquired
and Los Angeles and 8an Pedro terminals (costing in all $10,200,000)
and to complete the system. V. 77, p. 38, 90.
» For year endlngjune 30,1903 (89 miles), gross, $384,006; net, $115,048. President, W. A. Clark Secretary, Ross W. 8mlth ; Treas., W. H.
Leete.— (V 77. p. 33, 90, 148, 695; V. 78, p. 288, 1393.)
San Pete Valley By.—Nephi, Utah, to Morrison, 51 miles; Quarry
ranch (opened Aug.. 1899), Nenhl to Cooper. Utah, 5 miles; total, 56
miles. Stook. $510,000; par of shares, $100. Bonds, $565,000 1st
gold 4s, dated 1894, due 1923, Interest J-J, and $250,000 2d mort. 4s,
dated June 1, 1895, due 1921, interest J-J, Farmers' Loan A Trust Co.,
New York. Trustee. Year ending June 30, 1903, gross. $21,275; def. under oper. exp., $11,642. Theo. Brubaok.Gen. Mgr., Salt Lake City, Utah.
*> Santa Fe Central
By.—Owns from Santa Fe, N. M., south to
Torrance, 117 miles, opened Aug., 1903. Branoh from Moriarlty Jot.
to Albuquerque, N. M., 47 miles, is reported to be proposed under
name of Albuquerque & Eastern Ry. Incorporated: in July, 1901.
Stock authorised, $2,225,000. Of the bonds, $2,000,000 are Issuable
at once and the remaining $500,000 after Jan. 1, 1904, for Improvements and extensions. President, W. H. Andrews; Sec, W. C. Hagan;
Treas., T. Lee Clark, Arrott Bldg., Pittsburgh, Pa.— (V. 75, p. 186.)
Kanta Fo Preacott 4c Phoenix By.— (See Map Atchison Topeka <t Santa Fe.)—OwnB Ash Fork, via Presoott, to Phoenix, Arizona,
195 miles; opened In Maroh, 1895. P. & E. Jot. to Mayer, Ariz., 26-4
m. built under charter of Presoott & Eastern, was completed in Oot.,
1898, and Is leased for 99 years and Its $375,000 bonds guaranteed.
Branoh from Huron, Ariz., to Big Bug mines, 8 miles, completed Apr.,
1902; extension under way from Mayer to Crowned King mine, 27
miles, of whloh 22 miles o >mpleted Apr., 1904; total. 251 miles.
The Phoenix & Kastern Ry. completed from Phoenix to Florence, 52
BR.—
&
;
;
5
<fc
J.
J.
A.
&
&
O. N. Y, Standard Tr. Co.
g.
N. Y., 44 Wall
8t
Savannah, Ga.
J.
M &
J.
J.
I,
1,
1943
1928
1,
1937
Jan. 1, 1953
Apr. 1, 1952
N. Phila.,Phil.
5
&
Phila.,
& Read.RR. May 1, 1948
Read'g Term'l. Jan. 13,'04,2i*
votin g trust.
votin g trust.
A. & o. N. Y, 24 Broad Street
New York.
5 g. M. <fe N.
S. N. Y., 24 Broad Street.
4g. M
5 g- U & S. lstooup.dueSept.1,'04.
&
5
4i«
4i«g.
J.
F.
J.
,T.
3,000,000
* 100,000
*55,000
3,000,000
410,000
4,372,000
2.033,000
6,185,000
1,000,000
5,360,000
i'.obo
J.
July
Apr.
July
&
4
abt. 25,000
1,000
1,000
1,000
1,000
1,000
J. N. Y., 5 Nassau Street.
O. N. Y., Central Trust Co.
A.
5 g-
.
1,000
1,000
&
J.
4
—
.
Whom.
Payable
5g-
.
'81-'94
Carolina Central old bonds, non-assented
267 1898
1st oonsol. M., $3,000,000, gold, gu. p.& 1. end F
Durham <fe Northern, 1st mort., $150.000.UIeBa
42 1888
32 1887
Roanoke & Tar River, $260,000. TieBa
575 1888
Flor. Cen. A Pen. 1st M. $5,226p. m., gold Ce.o*
o*
666 1890
2d M. (1st on ext., 92 m.) $5,226 p. m., gold. A.
780 1893
Consol.M. ,$7,800,000 ($10,000 p.m.), gold.G.o*
South Bound 1st M.,gold, int. rental.ITIe Ba.o* 136 1891
400 1895
Ga. & Ala.. 1st M., oon.. $6,185,000. g.BBa...o'
1898
Ga.&Ala.Term.Co.,lst M.(callatllO),guar. p.&l.
268 1889
Ga. Carolina & Nor., 1st M., g., guar.Me Bac* .
a Including $140,200 bonds held alive in sink lng fa nd.
?
When Dae.
Stocks— Last
Dividend.
pal,
Where Payable, and by
8*
Saranac A Lake P{acid-8eeCHATEAUGAY& Lake Plac ED.
1,000
900,000
IH 1887
ftault Ste. Marie Bridge— 1st M. g. B.f.,dr'n at 1 10 o
Savannah Florida <£ West'n Bee Atlantic Coast Line RK.
33 1903
1.000
185,000
Savan. <6 Siatesborc—1st M., $500,000, gu. p. & 1
1902 l,000<feo|
600,000
Savan'h Union Stat. Co— 1st M., $600,000, g.WIo.r
Schenectady <& Duanesburg—See Del. & Hudso nCo.
Schuylkill <e Juniata— See Pennsylvania RR.
44 1898
1,000
600,000
Schuylkill <& Lehigh 1st M., guar, by Read'g Co..
50
«76,050
Schuylkill Valley Navigation dk RR. — Stook
100
See text.
Seaboard Axr Line .Ry.—Stock, com., $37,500,000
100
See text.
Preferred stook, 4 p. o., non-oum., $25,000,000
1900 l.OOO&e 12,775,000
o&r
All
1st M., $75,000,000, g. (see texthCoBa
1901
1,000
10,000,000
Col. tr. ref. M., g., $10,000,000, red. at 105Ce.o*
1903
1,000
Atlanta Birm. division 1st M., $10,000,000. Ko*
6,000.000
1904
See text.
1,000
Col. tr. & gen. lien M., $5,000,000, g., red. par. IV
1900
5,000
600.900
Equipment trust, due quarterly
1902
1,000
595,000
do
do
(V. 74, p. 380)....
1903
Equlpm't niort., gold. ser. C, due quarterly G o*
1,000
1,563,000
Old Loans, excluding amounts ('(pledged unde r oons olldat ed mort gage.
—
Bonds— fi.xii.ni-
INTEREST OR DIVIDENDS
I
or
81
[Vol. lxxviii.
J.
M.
A.
J.
J.
J.
A.
J.
J.
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
&
Apr.
May
May
Mar.
1,
1,
1,
1,
1950
1911
1933
1907
24 Broad Street, To July 1,1918
N'v. '03-Fb.'13
do
do
do
Jan.'04-Ap.'13
do
J. N. Y.,
A.
J.
J.
J.
Bait
,
Mer. Tr.
& D. Co.
Co.
4 D. Co.
N.Y Farm. L. & T.
1920
1, 1949
Nov. 1, 1928
do
do
1917
O.
J. New York, 24 Broad St. July 1, 1918
do
do
Jan. 1, 1930
J.
do
do
Jan. 1, 1948
J.
o. N.Y. ,24Br'd8t.,orBalt. Apr. 1, 1941
J. N.Y , 24 Broad Street. Oct. 1, 1945
New York.
Deo. 1, 1948
D.
J. Bait Mer. Tr. & D. Co. July 1, 1929
,
N. Bait. , Mer. Tr.
Jan.
,
miles, and under construction to Benson, 133 miles additional, has
been operated since June 7, 1903. V. 77, p. 90.
Stock, $7,903,000. The road is tax exempt by legislative enactment
for 20 years from 1891. The Atoh. Top. & S. Fe took possession Nov. 8,
1901, having acquired $2,963,000 of the seoond mortgage bonds and
all of the stook. Dividend, 3 p. c, paid Apr. 30, 1903.
8ee official
statements, V. 73, p. 898; V. 74. p. 150; V. 68, p. 326; V. 75, p. 680.
Report for 1900-1 was in V. 73, p. 954, showing:
Interest.
Bal., sur.
Tears.
Gross.
Rental.
Net.
1902-3
$1,045,232 $571,125 $17,950 $395,228 '$157,947
1901-2
395,523
204,515
617.950
17,912
1,050,035
(V.73, p. 781, 844,900, 954; V. 75, p. 667; V. 77, p. 90.)
Lake Placid RR.
Saranac 6c Lake Placid
See Chat.
—
Saratoga
6c
RR.&
BB.—Saratoga to
Schenectady
Schenectady, 21
miles. Leased in perpetuity in 1861 to Rensselaer & Saratoga and
lease assigned to Del. & Hndson Canal, by whloh It is operated.
Rente 1, $31,750 per year. Stook, $450,000. Dividends, 7 p. o. yearly.
Sai. It Ste. Marie Bridge.—Own Sault Ste. Marie Bridge, including 6 421 feet of main track. The Canadian Paolfle, Duluth South
Shore & Atlantic and Minneapolis St. Paul & Sault Ste. Marie RR. cos.
agree to pay for use of bridge an amount equal to operating expenses,
and interest and sinking fund of debt. Mortgage, $1,000,000; sinking
fund, $5,500 yearly.
Stook, $1,000,000.
Savannah Florida 6c Western By.— Consolidated on July 1,
1902, with the Atlantio Coast Line RR.— ( V. 75, p. 31.)
Savannah Union Station Co —Owns union passenger station
and terminal at Savannah, Ga., with 8 miles of traok. Leased by the
Southern Ry., Savannah Florida & Western (now Atlantio Coast Line
RR.) and Seaboard Air Line Ry., whloh own the $300,000 stook, the
rental providing for interest and sinking fund on bonds, maintenance,
etc. President, W. W. Maokall; Treas., Savannah Trust Co.; Secretary,
W. V. Davis. -(V. 71, p. 343. V. 74, p. 1039, 1253.)
Savannah 6c Statesboro By.—Owns Ouyler to Statesboro, Ga.,
32-6 miles; trackage, Cuyler to Savannah, 20 miles. Extension Is proposed from Statesboro to Garfield, 26 1s miles. Stook authorized,
$300,000; outstanding, $200,000. Has traflic contract with Seaboard
Air Line, which guarantees $185,000 50-year 5s ($500,000 authorized
issue); Savannah Trust Co., trustee. V. 75, p. 1303; V. 77, p. 695. Year
ending Deo. 31, 1903, gross, $49,482; net, $17,792; charges, $8,876;
bal., sur., $8,916. President, Ceoil Gabbett. Savannah; Treas. and Sec,
W. T. Dante, Washington, D. C. Office, Statesboro, Ga. (V. 76, p.
213; V. 77, p. 695; V. 78, p. 1110.)
Schenectady A. Dnaneiburg,- Merged In Del. &. Hudson Co.
Schuylkill
Lehigh
Owns from High's Farm, near Reading, Pa., to Slatington, Pa., 46-9 miles. In 1883 leased to Phila. & Reading RR. for 999 years and in 1896 lease assumed by Phila. & Reading
Ry. Rental, $27,000 yearly. Reading Company owns stook ($600,000),
of whloh $598,000 is deposited under its general mortgage of 1897.
Schuylkill Valley Navigation 6c
Port Carbon to Reevesdale, Pa., 11 miles; 2d traok, 5 m; branohes, etc., 11-41 m.; total traok,
28 miles. Leased July 25, 1861, for 999 years to Phila. & Reading RR.
Lease assumed in 1896 by Phila. & Reading Railway Co. Rental
$29,450, whloh pays 5 p. o. on stock and State taxes.
Seaboard Air Line Ry.-f»>« Map.)— This company owns a
line from Richmond, Va., to Atlanta, Ga., and Tampa, Fla., etc, viz.
Miles.
Lxnes owned in fee
Miles.
Rlohmo'd,Va..to Savannah, Ga.502 Other lines
358
Wilmington, N.O., to Atlanta,
Proprietary Lines.
Ga
...437 Portsm'th.Va.,toWeldon,N.O.
81
Savannah.Ga., to Montgomery,
Starke to Suwanee HI v., Fla.
58
Ala (58 miles trackage deState line to Lewiston, 1* C.
82
ducted)
280 Trackage
63
&
BB.—
BB.—
Savannah, Ga, to Tampa,
Cedar Keys, Chattahoochee
River, eto
806
Total sys. (see V. 74, p. 773) .2,617
The proprietary lines Include Roanoke & Tar River RR. stook all
owned), 32 miles; Seaboard & Roanoke RR. (nearly all of stook owned).
81 miles; Atlantio Suwanee River & Gulf RR., 58 miles (stook all
owned.) In addition owns entire stock of the Georgia &• Alabama
:
Terminal
Co., operating 8 miles of track. Of the road owned, 6 miles
are leased to other companies.
Also owns a one-sixth Interest in the Richmond-Washington Co. controlling the road from Riohmond, Va., to Washington, D. O. (V. 73, p.
843.) and under trattlo agreement with the Pennsylvania RR. maintains through oar servioe between New York, Philadelphia, Washington and the South. Also oontrols the Baltimore Steam Paoket Co. (unbonded) and a substantial Interest in the Old Dominion Steamship Co.
The Atlanta-Birmingham division, to be oompleted in 1904, will
extend from Atlanta, Ga., to Birmingham, Ala., 174 miles, with
branohes 30 miles. V. 76, p. 489, 706; V. 77, p. 647.
Organization.—An amalgamation in 1900 of various "Seaboard"
lines, inoluding those whose seourlties are shown in the table above,
these lines were subsequently (except 171 miles) merged. In 1903
new Interests, Inoluding Blair & Co., Thos. F. Ryan, Ladenburg, Thalmanii <fe Co., of New York, Old Colony Trust Co., Boston, and St. Louis
& San Franoisoo RR. interests entered the directory. V. 77. p. 2036.
2340; V. 78. p. 104.
Stock.— Authorized $62,500,000, of which $25,000,000 pref.; outstanding July, 1903, common, $29,000,000, and pref. $19,400,000.
Apr. v
1904. J
RAILWAY STOCKS AND BONDS.
SEABOARD AIR LINE
SYSTEM.
5Ti
1701
.
.
RAILWAY STOCKS AND BONDS.
170-2
RAILROAJJB.
For explanation of column headings, Ac,
Miles Date
see notes
Seaboard Air Line Ry.—( Concluded) Raleigh A Augusta, IstM., guar. p. & L. R. A G.o*
Raleigh & Gaston, 1st M., $1,500,000, g.ItteBa.c
8eab. A Roanoke— 1st M. $2,500,000.:TIeBa.o*£r
Debent. $690,000, to be secured by any 2d M.r
Car and equipment trusts
Shamokm Sunbury <& Lewisburg— 1st mort....O*<fcr
o*
2d mortgage, gold
Vol.
dk
Pottsville—Btock, guar, by No.
of
of
107
...
81
...
C.
31
31
38
38
33
16
17
o*
1st M., $2,000,000. g., sink, fund (not drawn).
Sharon— Stock ($800,000) 6 p.c.guar. by rentaLF
Sharon, 1st M.,g. (9haron to Pymat., etc.).F
New Castle A Shenango Valley— 1st fit., Int. gn..
Na
Shreveport A Red River Valley-See Louisiana Rt.
77
8ierraRy. (of Cal.)— 1st M., gold
37
Sierra Valieys—lBt M. (Cal. Safe Dep. Co. trustee)
Stiver Spr. Ocala <£ Gulf— See Atlantic Coast Lin K RR.
5
Skaneateles RR.— 1st mort., $100,000, gold.Usm.
42
o
Somerset Railway -1st mortgage
42
Consol. mortgage, $420,000, gold
10
South Carolina Pacific—1st M., our., Int. rental...
So, Georgia dk West Coast- Mortgage, $250,000. g..
1.89
So. dk No.Ala.-2A M. g.,$2,000,000 (own.by L.AN.)
189
Consol. mort (for $10,000,000), gold, guar.Ce. .o*
A
Me
Mo. Bridge— IstM., $3,000,000. g.
South'n Indiana— 1st M., gold— See text.. EC... o*
o
South Pac. Coast— IstM., g.,gu. (s. f. 1912). F
Southern Pacific COMPANY— 8took($200,000,000)
So. Illinois
dk
162
104
Col. trust mort., gold, sub.to call at par.Un..c*<fcr
Steamship 1st mort. bonds, Ser. A. $3,000,000. .
ColL tr. M., g., sec. by Pao. Mail, etc. red. '02. c o*
.
*
Size, or
Amount
Par
Outstanding
Road. Ronds Value.
on first page of tables.
8hamokin
:
I
1886 $1,000
1897
1,000
1886
1.000
100 Ac
1886
1882
1890
50
1901
Bonds— PrinciENTERE8T OR DIVTDEND8.
pal, When Due.
Rate peri When Where Payable, and by Stocks— Last
Whom.
Cent.
Payable
Dividend.
6
$1,000,000
1.200,000
2,500,000
f
285,000
628,709
1,000,000
1,000,000
869,450
2,000,000
770,600
164,000
250,000
1,000
1,000
1,000
50
1889
1887
1,000
1,000
VIGAT l>n Co.
1897
1,000
1895
1,000
I
6
J.
J.
J.
F.
3^3
A
A
A
A
J.Ralt., Merc.
J.
A.
6
M.
J.
6g.
J.
do
do
do
N. Phlla.. Phil.
A
A
A
A
A
A
Tr.&D.Coi Jan.
do
do
do
J.
MA
J.
F,
g. J.
4i« g.
A Read.RR May
do
J.
do
A. Phila., Broad
do
D. N. Y., Farm. L.
J.
N. Y.,
Farm.
L.
1926
1912
1925
*04,
3%
July 1, 1931
Mar. 4,*04, 3>
Sharon, Pa.
8.
1,
1,
July
St. Stat'ni Feb.,
do
J.
1,
Jan. 1, 1947
July 1 1926
Aft. July,1916
A Tr. Co/ June
A Tr. Co July
1,
1,
1919
1917
6g. IA.12&O. Crocker-WoolworthBkA Apr. 12, 1937
In default
F. A A.
1915
6
1898
1,000
100,000
1887 500 Ac
225,000
1900 500 Ac.
172,600
1884
104,600
1903
1,000
217,000
1880
1,000
2,000,000
1886
1,000
*8,00O,000
1901
1,000
1,850,000
1901
1,000
3,760,000
1887
1,000
5,500,000
100 197,849,227
1899 500 Ac. 28,818,500
1891
2,215,000
1900
1,000
30,000,000
1003,
-
5
300,000
,
8
%*
1,248,000
Of the consols shown as outstanding. $4,753, 000 was on June 30
[Vol. lxxviii.
F.
J.
J.
A.
J.
A.
F.
M.
F.
J.
4
6
g.
4*a g.
owne d by the
J.
J.
J.
A A.
A J.
A J.
A O.
A J.
A O.
A A.
A N.
A A
A J.
A D.
A J.
A D.
Y..U.S.M.& TT.ro
Aug.
Oakland, Me< July
Boston, Nat. Shaw. BkJ| July
Fayetteville, N. O.
Oct.
N. Y. A Quitman, Ga.
Jan.
N. Y. Of., 120Broadw'\ Apr.
N. Y., Offioe, 120 B'wayl Aug.
N. Y., Mercantile Tr.Oo* Nov.
v. Y., Phenlx Nat. Bk5 Feb.
N. Y. 8. Pao. 1 20 B' wa» July
N.
A
Boston
.
,
1,
1,
1,
1,
1.
1,
1,
1,
1,
1,
1st coup, paid Deo.1899 Aug. 1,
N. Y., 120 Broadway
Jan. 1.
do
iLoulsvil le
do
Deo.
1,
1918
1917
1950
1914
1928
1910
1936
1951
1951
1937
1949
1911
1905
& Nashville
Additional stsck, $4,500,000 preferred and $8,000,000 common, is to
be issued in connection with collateral trust 5s of 1904. Pretermits
entitled to 4 p. 0. non-oumulative, then coiumon to 4 p. c, then pref.
2 p. o. additional, any surplus to common.
Voting Trust. -Both clashes of stock are deposited with voting
trustees until April 1, 1910, although the latter may in their discretion deliver the stock at an earlier date. Stock trustees: John Skelton
Williams. Thomas P. Ryan, James A. Blair, T. Jefferson Coolidge, S.
Davies Warfield, John B. Dennis, B. F. Yoakum and H. C. Pierce.
Sebasticook 4c IYIooseliead BH.-V. 68, p. 1078. On June 24,
1899, A. B. Thompson, of Plttsfleld, Me., was appointed receiver.
V. 77,
Shamokln Valley Potts vllle Ry.— (See Map Pa. RR.)—Sunbury, Pa., to Mt. Carniel, Pa., and branches, 38 miles. Leased Feb. 27,
1863, for 999 years to the Northern Central Railway Co., with a guarantee of taxes, interest on the bonds and 6 per cent on the stook, of
which $619,650 is owned by the Northern Central. The $2,000,000
first 3i (of whloh Perm. RR. Jan., 1904, owned $1,537,000), were issued
to retire the 7s at maturity July 1, 1901.— (V. 73, p. 139, 1062, 1314.)
Sharon Ry.— Owns from Newoastle. Pa., via Sharon, to Pymatunlng. Pa., with oranches. 33-07 miles in all. Consolidated with Newcastle A Shenango Valley RR. and then leased to the Erie RR. for 900
years from Dec. 1, 1900, for Interest on bonds and 6 per oent on stook,
the old leases being canceled.— (V. 73, p. 399; V. 78, p. 288.)
Sierra Railway (of California).—Owns road from Oakdale,
on line of Southern Pacific to Carters, Tuolumne County, 58 miles
Branch, Jamestown to Angels, 19 miles, was opened' Sept. 15, 1902.
Stock authorized, $5,000,000; issued, $2,780,000. Second mortgage
income bonds, $1,266,000. For year ending June 30. 1903, gross,
$373,413; net. $206,385; int., taxes, etc, $85,830; bal ,sur ,$120,555.
Prest., T. 8. Bullock; Seo'y, S. D. Freshman, Jamestown, Cal.— (V.
77, p. 512, 1875.)
Plumas to Mohawk, Cal., 37 miles. Stock,
Sierra Valleys
$945,000; par, $100. Year ending June 30, 1903, gross. $32,572; ne%
$8,560; total deductions, $19,064; bal., def., $10,504. Pres., E. R.
p.
on about 350 miles of road.
Including 102 miles of main line from Richmond to Ridgeway and 106
miles from Hamlet to Columbia (subject only to $155,000 prior lien
bonds on two branches); also a direct mortgage on the whole 2,383
of
1900 are a
first lien
miles of consolidated road, subjeot only to $18,098,000 prior lien outstanding bonds thereon (or an average of about $11,500 per mile) and
a consolidated collateral lien on the remainder.
The 4s of 1900 have been Issued, pledged or reserved as follows
Total authorized issue In no case to exceed
$75,000,000
Of which •tstansing
18,775,000
Deposited to secure tne f 10,0O0,C0O coll. tr. ref, 6s
20,000,000
Reserved to retire at maturity, dollar for dollar, all the underlying bonds o» the various divisions of the system
29,725,000
Issuable only after July 1, 1903, for additional properties, imFrovements, extessions, etc., at not exceeding $i,50o,uu0 for
onr years and tl.oos.ooo per annum ti ereafter
12,500 000
The collateral trust refunding gold 5s of 1901 are secured by deposit with the trustee of $20,000,000 4s of 1900 and were applied to
fund the $3,400,000 6 per cent certificates (V. 70. p. 842), called for
payment on Aug. 28, 1901, to purchase a one-fifth interest in the road
from Richmond, Va., to Washington, D. C, and minority stocks of subsidiary lines, and to provide for retirement of maturing car trusts,
floating debt, future betterments, etc., and to retire the collateral trust
5s, due Oct., 1902. (V. 71, p. 69<+), for which an equal amount of collateral trust 5s are reserved. V. 72, p. 1280.
The Atlanta A Birmingham division 4s of 1903 ($10,000,000 authorized issuei will be secured on the line to be built from Atlanta, Ga., to
Birmingham, Ala., 174 miles, with branches 30 miles. In Apr., 1903,
$6,000,000 boDds were sold. V. 76, p. 1302; V. 77, p. 647.
As to collar, trust and gen. Hen 5s of 1904, see below.
The series C equipment trusts mature $42,000 quarterly from July
1, 1903. to Apr. 1, 1908, thereafter quarterly $39,000 each July and
$38,000 each Jan., Apr. and Oct. to Apr 1913. V.76, p. 866, 9S0.
Guaranties.— The Savannah A Statet-boro and Florida West Shore
bonds ($185,000 and $840,000, respectively) are guaranteed as to
principal and interest, and also the Richmond- Washington Co. bond*,
jolntl> and severally with live other proprietary companies. V. ri7,
p. 647. 648.
.
,
General Finances.— Ptockholders were given the right to subscribe
pro rata at pai- te +5,000,000 of 5 p. c collateral trust and general
lien bonds. ts be dated May 1, 1904, which have been underwritten,
payable 30 p. c. Feb. 27, 20 p. o Mar. 28, 20 p. c. April 28 and 30 p. 0.
May 28, 1904, each $1 ,000 bond to receive as bonua $900 of preferred
and $1,600 eomnsn i-took. The bonds will be secured by a lien on the
$20,000,000 of first mortgage bonds (subject [to existing liens), and on
various securities, and by direct deposit of certain stcuritus owned
(see list V. 78, p. 821), aad will be a general mortgage on all property
now owned or hereafter acquired other than securities specially excepted. The proceeds will be ui=ed to ooroplste the Birmingham extension for current obligations, including the $2..c 00.000 collateral
notes duo June 1. 1904 iV. 77, p. 2o36, 2340), and general purposes.
V. 78, p. 104, 229. 989.
Latest Earn.- 8 mos., > 1903-4. ..Gross, $8,696,348; net, $2,147,501
July 1 to Feb. 29.
$1902-3 ..Gross, 8,272,200; net. 2.182,593
Report.— Fiscal year ends June 30. Report for the year ending
June 30, 1903, was in V. 77, p. 625, 64fl, 766.
1903.
1902.
1901.
Gross earnings from railways... .$12,156,928 $11,068,478 $10,426,279
Gross earnings from water lines.
549.600
511,337
502,772
Total gross earnings
$12,706,528 $11,579,815 $10,929,051
incl. other Income.
3,473,781 $3,471,553 $2,820,073
Deduct— interest on bonds
$2,481,400
^2,481,400
2,254,889
Other interest
104,668
110,901
177,117
Rentals and miscellaneous
55,232
58,995
58,408
Net earnings,
Balance, surplus
$832,481
$820,257
$329,659
Officers.— Chairman of Board, John Skelton Williams; President
and Gen. Mgr.. J. M.Barr; Vice-President and TTeas., N. 8. Meldrlm;
Secretary, D. C. Porteous; Comptroller, T. W. Roby.
DlrecUrg.-Jo»n Skelton Williams, Richmond, Va.; Jas. M. Barr, Portsmouth.
IL Clay Pierce. Si Louis; J. W. Mlddondorf, H. Davies Warrleld, Baltimore, Md.:Jame« II. Dooley, Richmond. Va.; B. ff. Yoakara. Emit Thalnmnn,
Osklelgh Tborue, Thomas K. Ryan, James A. Blair, New York: C. Sidn»y SShepVa.;
New Haveii. N. Y.; T.Jefterson Coolidge Jr., Nathaniel Thayer, Boston,
WasH.; Norman B. Ream, ( hlcagn, 111.; Qeo. W. Watts, Durham, N C
tlve Committee.— Thou. K. Ryan, T.Jellorson Coolidge Jr.. Jas. A. Blair,
,
^
John £?
Skeltoa Williams, John B. Dennis, B. F. Yoakum and 8. Davies Warlleld
Main otfice,Riohmond;N.Y. office, 24 BroadSt — (V.78, p. 989, 1499.) *
ord, «f
Seaboard Ac Roanoke RK,- See Seaboard Air Line Ry. above.
A San Francisco Ry. A Navigation.— (V. 76, p. 752.)
Seattle
Carbon Run Jet. to
4c Lewlsburgr
Pa., with iron bridge over Susquehanna, 31 miles; second
miles. Leased to Philadelphia A
track. 15 miles; total of all track, 57
Reading RR. July 2, 1883, for 999 years at 6 per cent on the stock,
and lease assumed in 1896 by Philadelphia A Reading Ry. Used for
ooal traffic northward. 8too», $2,000,000 (par, $50) owned by Reading
Co., of whloh $1,995,000 is deposited under mort. of '97.— (V. 51, p. 21.)
A
351, 2099.
Bonds.—The 4s
RR.—
Shamokin Sunbury
West Milton,
RR.—
Dodge, Amedee,Cal.— (V. 74,
Silver Springs Ocala 4c
Sllverton
RR.—Owns
p. 776.)
Gulf
RR.—See Atlantio Coast Line RR.
22 miles. In
July, 1899, Alexander Anderson was appointed receiver.— V. 69, p.
132. Stock, $350,000; par, $100. Bonds. $425,000 1st gold 20-year
6s, due Oot. 1, 1908. In Apr., 1903, no reorganization plan bad been
agreed upon. Year 1902-03, gross, $14,008; def. under op. exp., |4.—
(V. 69, p. 132.)
Somerset Ry.—Owns road from Oakland to Bingham, Me., and
branch, 42 miles.
Road opened in 1890. Capital stook is $736,649
(par, $100). Of the 4s of 1900 Maine Trust A Banking Co., Gardiner, Me., trustee, the balance are reserved to retire the old 5s at or
before maturity. V. 70, p. 1096. Bills payable June 30, 1903, $37,015.
Earnings.— For year 1902-03: Gross, $118,957; net, $31,977; charges,
$20,418; balance, surplus for year, $11,559.— (V. 73, p. 900, 1008.)
South Carolina Georgia
See South'n Ry., Carolina Dlv.
South Carolina Pacific Ry.— North Carolina State line to Ben
netteville, 8. C, 105 miles. Leased till Dec, 1924, to Atlantio Coast
Line RR. for Interest on bonds. Stook, $100,000. Bonds, see table.
soi-th Georgia
West Coast
Heartpine to Sirmans,
Ga., 61 miles; extension is proposed from Greenville to the Gulf, 50
miles. Stook. (i). The bonds ($250,000 authorized issue) are to be
used to pay off present debt; balance for improvements. F. J. Spain,
of Quitman, Ga , is mortgage trustee. V. 76, p. 706. For year ending
June 30, 1 903^gross, $61,009; net. $18,503; total deductions, $63,680.
President, J. W. Oglesby, Treas., C. T. Tillman. (V. 76, p. 706, 866.)
Southern Illinois
Missouri Bridge Co.— Has under construction a bridge aoroes the Mississippi River at Thebes, HI., to be
completed during 1904, forming a direct connection between the ChiEastern (llinols and the Illinois Central and St. Louis Valley
cago
80.) on the east and with the St. Louis Southw., St,
(8t. L. I. Mo.
Silverton, Col., to Ironton,
A
RR.—
A
By —
A
&
Louis Mem.
&
A
!>.
E., St.
Louis
A Gulf and 8t.
L. Iron
Mtn A
80.
on the
we*t. Length to be 2,750 feet of steel truss and 1,100 feet of concrete arehes. Stock, $50,000, all outstanding; 80 p. c. paid in. In
Nov., 1901, made a $3,000,000 mort. V. 75, p. 78— (V. 75, p. 78.)
Southern Indiana it j. — »e Map) - Owns from Main Street,
Terre Haute, to Ewlng Street, Seymour, 121*42 m.; Westport Branch,
Seymour to Wostport. 26*29 m.; Sullivan Branch, Latta to Glendora,
10*37 m.; Hymera Branoh, Sullivan Junot. to Hymera Mine, 3*79 m.;
total owned. 16187 miles. Leaces: Vandalla Line. Main Street to
Union Station, Terre Haute, '30 m.; Bedford Belt Railway, Bedford to
<
m total leased, 423 m.; total mileage, 166-10. The belt
around Torre Haut" is about oomp'eted and ready to be put into
operation. Extension from Elnora to Evansville is also proposed. V.
76. p. 377. A reorganization of Evans. A Rioh. RR., foreclosed Mar., '97.
Oolitic 3t»3
;
line
Stock.— Common, *3,000,000; pref., $500,000; par, $100; all Issued.
Dividends —Dividends on pref., Dec, 1901, 2*9 p. c; 1902, 5 p. 0.
(J.AD.); 1903, June. 2»« p. c; 1804, Jan., 2-* p. 0.
Bonds.- First mortgage 4s of 1901 may be issued at $20,000 per
mile for single track and $l 0,000 per mile for second track constructed
or acquired. Equlp't notes, inol. Int.. June30, 1903, $951,779, bonds to
retire whloh are available under the mortgage. See V. 74, p. 776, 1197.
Latest Earnings.- 8 mos., 5 1903-4.Gross, $869,996; net, $385,891
July 1 to[Fob. 29.
} 1902-3.Gross,
600,514; net. 304,593
Annual Report.— Report for the year ending June 30, 1903, was In
V. 77, p. 296. 17 43, showing:
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1703
.
RAILWAY STOCKS AND BONDS.
*704
RAILROADS.
Miles
For explanation of column headings,
on first page of tables.
<fco.,
see notes
Date
of
of
fl875
J 1875
1 1876
(1882
1887
1875
1893
1893
1879
1880
1881
|
I
I
. .
I
.
Amount
Par
Value. Outstanding
Road. Bonds
Southern Pacific RR.—Stock, $159,445,000 auth. ..
fist Miseries A, gold land grant.. o*1
.„
sink' g fund. c*
eonillv J Series B, gold
1,045
Series C & D, gold., f not subject. c* f
secureo. 1
to call. ... o* J
[ series E & F.gold
187
8. Pao. Br. 1st M., g., s.f., $50,000 In 1897, not dr'n
26
Stockton <fe Copper. IstM., g. (guar. byC.P.)
o*<fcr 2,020
1st oons. M.,guar., gold,s. fTnot drn.Ce
do g.,gu.,stp. subj.to call 107i« aft. 1905..o*<fer
392
So. Pao. of Arizona, 1st M., ser. A, gold, guar. o&r
c&r 392
Series B, gold, guar
167
So. Paolflo of New Mexico, 1st mort., gold. .o<fer
.^3
Size, or
$100 101,424,160
500 Ac. 12,505,500
500 &o.
4,045,000
500 &c. 4,513,000
500 *c.
5,124,000
1,000
3,533,000
500 Ac.
500,000
500 &c.
6,809,000
500 &o. 21,546,000
1,000
6,000,000
1,000
4,000,000
1,000
4.180,000
BOND8 ASSUMED
IN CONSOLIDATION OF 1898.
California Paclflo. 1st mort., gold (ext'd In 1887)
79
2d M., gold,gu.p.&i., end. by Cen. Pao., ext. In '91 114
3d M.. gold, guar.by Cent. Pao. ($1,000,000 are 3s) 114
Northern Ry. (Cal.), 1st mort., int'st guar., gold.
149
Con. M. ($21,000,000), g., 1st on 225 m.Wn.o*<kr 373
Northern California, 1st mortgage, gold
54
Southern Railway— Com. stock, $120,000,000...
Preferred. 5 per cent, non-cumu., $60,000,000...
M.
O. stock trust certificates
lstcon.M., l8ton900m.g.($120,000,000)Ce.o*<fcr 4,502
1867
1871
1875
1877
1888
1889
500
1,000
1,000
1,000
%
Col. tr. bds., $16,000,000,red 102
beg.Oct/Oe.G
So.-L.
N. Jt M.,$15,500,000.red.l05 af.'07.c*&r
Equip, trust, ser. gold.due May and Nov. PI p.o*
do
do ser. B., g., due Mar. and Sep. PI P..
A
C, g., due J. & D
g., $177,000 due semi annually
A.— Properties merged in Southern Rai LWAT Co.
Atlantic Tennessee & Ohio 1st mortgage. C«
44 1883
Ch. Col.A Aug. 1st M. (int. in gold) V.59,p. 1006 Ce
191 1869
do
do
do
do
ser.
Tear.
Gross.
1902-3. $942.*72
Int., taxes, etc.
Net.
Div. onpref.
Sal., stir.
$482,026
$199,600
(5)$25,000
$257,426
1901-2
630,195
277,852
158,153
(5)25,000
94,699
President John R. Walsh; Secretary and Treasurer, C. F. Weinland,
Grand Central
Station. Chicago, 111.— (V. 78, p. 989, 1393.)
Mo. & Ark. RR.— See
So.
St.
Louis Memphis
RR.
South Pacific Coast Ry.— Narrow Gauge.—Alameda to
Santa Cruz, 77 miles; branches, 24 miles; ferry, 3 m.; total 101 miles.
Leased for 55 years from July 1, 1887, to Southern Pacific Company,
which guarantees the bonds and owns all the $6,000,000 stock. Year
1902-03, gross, $972,550; op. def., $436,599; def. under oh'ges, $790,960.
Southern Pacific Company.— (See Maps.) —Road. —This company owns no track in fee, but principally through ownership of stock,
gartly by lease it operates a great system of roads extending from
an Francisco to New Orleans (thence by company's steamers to New
York. etc.). and to Portland. Oregon, to Ogden, Utah, with branches.
System oomprises the following, fully desoribed under their own titles.
Proprietary Lines.
Controlled (also leased by)
Pac. Co.
Central Pacific RR
South Pacific Coast
Miles.
1.363
Ry
101
3,300
671
Southern Pacific RR
Oregon & California RR
(2)
So.
Controlled by So. Pac. Co.—
Operated Independently.
& San Anton. Ry.
New York Texas & Mexican Ry..
Houston & Texas Central RR ....
Louisiana Western RR
Morgan's La. & Tex. RR. & SS..
Texas & New Orleans RR
Galveston Houston & Northern..
Carson & Colorado Ry
Houston E. & W. Texas Ry
Qalv. Harrlsb'g
.
Grand
Houston & Shreveport
RR
Miles-
39
Controlled bt Morgan's La. &
Tex.— Operated Independently.
Ry ... Ill
8)
Gulf Western Tex. & Pac.
Iberia & Vermilion RR
Total Proprietary Lines
16
8,826
Tot'l.deduc. 242 m. leas, to Atch.8,583
917 (4) Leased and Operated.
88
161 New Mexico & Arizona RR
263
69» Sonora Ry
164
Total RR. Mileage June 30. '03.. 9,176
324 Tot'l.deduc. 242 m. leas, to Atch.8. 9*4
488 Steamship Lines
4,896
53
300
Affiliated Line.
191 Gila Valley G lobe & North'n Ry..
126
owned, leased and
June 30, 1903. ...9.059
Organization.—Organized under laws of Kentucky. On June 30,
_
1903, the Union Paoifio owned $90,000,000 of the capital stock, a
strong working control, but the road will continue to be operated
independently. V. 72, p. 242, 248; V. 75, p. 136. Under plan for readlustment of Central Pacific securities, the Southern Paciflo In 1899
acquired the entire capital stock of the Central Pacific. 8ee that company; also see below. V. 73, p. 33; V. 75, p. 1407; V. 76, p. 753.
In 1903 the Rock Island Co. proposed to purchase (for $1,500,000
cash, $3,500,000 In its 5-year 4 p. o. notes, dated Apr. 1, 1903, and
$2,500,000 of its preferred stock) one half of the stock of the Houston
A Texas Central, the Houston East & West Texas and the Houston &
Shreveport railroads. V. 76, p. 1084, 1409.
The Ogden & Lucin RR.,out-off from Ogden to Lucin, 102 miles,
saving 46 miles, was completed in Nov., 1903. V. 74, p. 380, 1197; V.
71, p. 85; V. 77, p. 2099; V. 75, p. 288. In Nov., 1900, a majority of
Paclflo Mall SS. stock ($10,005,000) was acquired. V. 71, p. 1013, 1312.
Proprietary Lines.—These, with a total mortgage indebtedness
June30, 1903, of $302,065.9 19, are mostly owned—only $1,578,872 out
of their total stock of $303,008,572 not being held on July 1, 1903, by
the Southern Paolflo Co. "Omnibus Lease," see Sup't of Jan., 1899.
Stock, Etc.— Total stock authorized, $200,000,000, including $67,275,500 exchanged In 1899 for Central Paoiflo stock— see Central Patotal of
affiliated lines
and V. 68. p. 378. 725; V. 69, p. 132; V. 70, p. 740.
Bonds.—The 4 per oent collateral trust gold bonds of 1899 are limited to $36,819,000, and are subject to call at par on six months'
notice. The first issue of $29,418,500. seoured by the $67,274,200
common and $12,600,000 preferred stock of the Central Pacific, was
Issuable forthwith. The remaining $7,400,000 can be lssuea from
time to time only as an equal amount of Central Paolflo preferred is
received and added to the collateral, $5,000,000 of this stock being
reserved for improvements and additions on the Cent. Pao. at not
exceeding $200,000 yearly— see Cent. Pao. and V. 68, p. 378. See
olflo
Mortgage Abstract, V. 69,
The two-five-year
p. 859.
collateral trust 4i«8 of 1900, limited to $30,000,000, are seoured by deposit of $11,208,000 par value of various bonds
and *64,1 24,000 stocks of companies controlled, Inducting Paolflo
Mail etc., and $1,530,000 Wells, Fargo & Co. stock: they also cover 4
ocean steamships of 4,572 gross tons eaoh and various equipment. See
Mort. Abstract. V. 71. p. 1314; V. 77, p. 2160; V. 78. p. 229, 288.769.
The first refunding 4s and 30-year gold 3i*s Issued by the Central Paciflo are unconditionally guaranteed, principal and Interest.
General Finances -In Oct., 1903, a plan for the Issuance of longterm low-rate refunding bonds was in abeyance. V. 74, p. 269; V. 75,
p. 395.
During three years ending June 30. 1903, $44,256,853 were expended for Improvements and equipment and $18,517,317 for new
lines and additional property. V. 78, p. 713.
Earnings— For 8 months ending Feb. 29:
Orois.
8 mot.
Net.
Oth. inc.
Charges.
Bal., sur.
1903-4...$63,703.229 $20,077,794 $505,803 $21,787,760 df.$l,204.163
1902-3.. 58,903,990 18,021,117 638.490
........
..?!....
Charges In 1903-4 include $9,695,255 expended for betterments
Houston A Texas Central and its subsidiary lines are lnoluded in
both years.
Annual Report.— Flsoal year now ends June
30.
«•
g
g
g
g
g
-
-
-
-
g.
£ g
£ g
£ g
-
-
-
6g.
150,000
1,380,500
6
5
A.
g.
J.
&
A
&
a
&
A
A
4
&
&
&
A
A
A
&
A
A
N.Y.,8.Pac.,120B'way
do
do
do
do
do
do
do
do
do
J.
do
N.
do
do
N.
do
do
J.
do
do
do
J.
do
J.
do
do
&
&
O. N. Y.,J.P. Morgan & Co. Apr.18,'04,2^
O. N.Y..J.P. Morgan*. Co. Apr. 1, '04, 2%
J. N.Y., J. P. Morgan & Co. July 1, 1994
Apr. 1, 1909
o.
New York.
A
a
&
&
&
&
&
A
A
O.
O.
o.
o.
o.
J.
J.
J.
J.
O.
D.
do
do
do
do
do
do
1905
1905
1906
Apr.
1912
Apr.
1937
Jan.
1905
Nov.
1937
Nov.
1937
Mch, ,1909
Mch. 1, 1910
Jan. 1, 1911
Apr.
Oot.
Oct.
1,
1,
1,
1,
1,
1,
1,
1,
Jan. 1, 1912
Jan. 1, 1911
do
do
do
do
do
do
July
Jan.
Oct.
June
1905
1907
1938
1929
1,
1,
1,
1,
do
July 1, 1952
J.
do
N. Pro v. Li. & Tr. Co. Phila. To Nov. 1,1907
,
S.
do
To Sept. 30 ,'08
To Dec, 1909
To May 1, '10
tto
D.
N.
& Co.
O. N. Y., J.P. Morgan
J.
do
do
Apr., 1913
July
1909
1,
Report for 1902-3 at length in V. 76, p. 706 to 716; editorial, V. 78,
674. Average freight train-load, 320 tons in 1902-3, against 312
in 1901-2, average reoeipts pei mile, 1*022 cents, against 1-021 cents
p.
in 1901-2.
1901-2.
1908 3.
Receipts—
8,842'01
Aver, miles— Proprietary and non proprietary
8,757 48
proprietary and non- proprietary
Gross receipts from
lines and miscel. receipts of prop, companies:
Transportation receipts.
$88,820,335 t83.S4S.821
Trackage and other rentals
375.926
346,114
Income from sink, funds pledged forredempt'nof bonds
280.464
378,600
Income from lands and securities not pledged for re67«.ei2
641, '25
demption of bonds
-
& Southeast'n
(1)
f
£
£
f
t
t
5
4iag. J.
2,232,000
4isg. J.
1,595,000
2,998,500 3g.A6g. J
5,156,000
6g.
4,751,000
t g
1,074,000
5 g120,000,000
60,000,000 5 in 1903 A.
A.
5,632,6u0
4
5 g- J.
39,208,000
5 g- A.
15,000,000
4 g. J.
11,827,000
4 g- M.
1,487,000
4 g- M.
1,530,000
4 g. J.
2,748,000
4 g- M.
2,220,000
500&0.
;
Bonds— PrinolINTEREST OR DIVIDENDS.
pal.When Due.
Rate per Wnen Where Payable, and by Stocks— Last
whom.
Cent
Payable
Dividend.
-
100
100
100
1894 1,000 Ac
1904 l.OOOAo
1902 1,000 Ac
1900
1,000
1901
1,000
1902
1.000
1903
1,000
&
&
1,000
1,000
[Vol. lxxtiii.
. . .
Interest on stocks and bonds owned
Income from othe> investments
Miscellaneous receipts
Interest on loans and advances other than open aects.
of proprietary companies
Total receipts.
Expended for account of proprietary companies,
Operating expenses
Taxes
Trackage and other rentals
Interest on funded debt
Interest on Central Pacific RR. notes
Interest on open accounts
Miscellaneous expenses
Land department expenses and taxes
Sinking fund contribution and earnings
Betterments and additions
Other charges against Southern Pacific
«80,B12
4*,l&7
loS.683
666.889
' 6.470
144.207
120,645
78.890
$90,683,436
$86,748,326
$60,3<>1.260
2,110,541
21 8, 133
$54,894,700
l,He6,»02
218,133
14,767.378
viz.:
14,846,249
1,1 12,387
679.825
65.857
;238.150
796,464
179,277
1,1-0404
'
89.274
2 K.172
887.6
242,332
Co.. viz.:
Insurance, depreciation, eto
930,474
411,634
Discount on Southern Pacific Co. Hi percent bonds
165,000
Advances to San Antonio & Aransas Pass Ry. Co....
352.888
260,416
Total expenditures
$81,719,005 $75,200,865
Surplus over all disbursements
$8,964,481 $10,641,471
President, E. H. Harriman.— (V. 78, p 698,704. 706, 769. 1224.)
Southern Pacific
(See Maps.)— Road.—Owns all the California lines of the Southern Paclflo system except the Central Paciflo
and the South Pacific Coast. The road owned aggregates about 3,260
miles, embracing a through line from east bank of Rio Grande River
through New Mexico and Arizona, via Los Angeles, San Francisco and
Oakland, to Tehama in No. California, with numerous branches. Of
the lines owned and leased in 1903 (38 miles are leased), 3,056 were
operated in the Southern Pacific system, 242 miles (Mojave to
The Needles) being held under long lease by Atchison in exchange for leases of 350 miles of roads in New Mexico and Arizona.
V. 65, p. 931, and Atch. T. A 8. F. item, p. 1113
see V. 64, p. 609.
Organization.—Incorporated on March 7, 1902, as a consolidation
of the So. Pao. RR. companies of CaL, Ariz, and New Mexioo. V.74, p.
578. The Southern Pao. RR. of Cal. was leased to Southern Pao. Co.
for fixed charges, betterments and additions and a certain percentage
of the surplus income under the "omnibus lease."
Stock.— So. Pao. Co. June 30, 1903, held $100,778,892 of the stook.
Bonds.— Consolidated Mortgage of Sept., 1893, (see full abstract V.
57, p. 1041), provides for all prior liens and new construction. Bonds
may be issued not exceeding $30,000 per mile, of which $7,500 a mile
is reserved for additions and betterments.
See V. 57, p. 469. This
mortgage in January, 1899, covered 1,982 miles, of which it Is an
absolute 1st Hen on 841 miles. The supplemental mortgage issued in
1898 limits this loan to $30,000,000, (exclusive of bonds to be Issued
against underlying securities). Most of the consols are stamped subject
to call at 107*3 after 1905 as shown in table above. V. 67, p. 1111.
Land Grant.—The land grant was 12.840 aores per mile, and prooeeda
of sales go to retire bonds, but a large proportion of the lands barren and useless for agricultural purposes without irrigation. In 1903-3
sales were 8.892 acres for $47,660 and 27,565 aores were surrendered; int.on deferred payments, $18,722; land notes June 30, 1903.
$1,953,171. Lands unsold June 30, 1902, 3,468,691 aores. V. 78, p.
709. See So. Pao. item, V. 65. p. 778.
Earnings— 7 mos., > 1903 4.... Gross, $19,658,844; net, $8,236,623
July 1 to Jan. 31. J 1902-3.. ..Gross, 17,932,714; net, 6,924,537
Annual Report.— For year ending June 30, 1903, earnings were
Gross, $30,756,133; net. $1 1,940,510; other income. $958,558; oharges,
$7,234,467; surplus, $1,664,601; amount of net profit due this company as per lease, $5,089,232. In 1901-2, gross, $28,587.4t7; net,
$12,054,078. -<V. 74, p. 152, 269; V. 77, p. 1226.)
Southern Railway Company.- (See Map, pages 1712 and
Company operates 7,139 miles, extending from Washington,
17 13
D. C, and West Point and Riohmond, Va., to Danville, Va., Greensboro,
N. C, Norfolk. Va., Charlotte, N. C, Columbia, N. G, and Atlanta, Ga.,
thence northerly to Bristol, Tenn., southeasterly to the coast at Brunswlok, Ga., and westerly aorossthe States of Alabama and Mississippi
to the Mississippi River at Greenville. Water lines— Bait. Ches. A
Riohmond S. B. Co., 200 miles. M See this oompany.
Organization, Etc.— A reorganization in 1894 of the old Riohmond
A West Pt. Ter. system per plan In V. 58, p. 363, 385. See also V. 56,
Numerous lines have sinoe
p. 858, 874, 1016, 1058, and V. 57, p. 61.
been aoauired by lease and purchase. The stockholders voted on Oot.
13, 1903", to merge the Knoxvllle & Ohio and KnoxvHle & Bristol railroads, the latter extending from Morristown, Tenn., to Corryton, 40
miles, and the Villa Rioa Branch Ry. V. 77, p. 452. 1226.
In 1902 Atlantio Valdosta
Western Ry., 1 12 miles, was merged In
Ga. So. A Fla. V. 74, p. 1309; V. 75, p. 982; V. 77, p. 699 In 1902-03
RR.—
;
J—
&
—
.
.
RAILWAY STOCKS AND BONDS.
Ape., 1904. J
RAILROADS.
Miles Date
Size, or
Amount
of
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value. Outstanding
on first page of tables.
Southern By.—(Oon.)—Ch. Col. A Aug., 2d M.Ce
o*
Columbia A Greenville 1st mort., gold.Ce
o*
Georgia Pacific 1st mortgage. Ce
Richmond & Danville cons, mortgage, gold.Ce.o
Deben. mort., old 6s (no longer incomes). Ce...
Equip. Trust bonds, gold, s.f.,subl to oalLCe.c*
Richmond York River & Chesapeake 1st mort.G
2dM., extended from 1900
191
164
566
38
38
O
Midland— 8erial mortgages
Generalmortgage.Ce
Washington Ohio & Western 1st mortgage. Ce.
Virginia
.
347
50
309
1872
1881
18S2
1874
1882
1889
1873
1880
1881
1886
1884
1884
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
lOO&o.
1,000
1,000
INTEREST
Rate per When
A.
7
6
J.
J.
J.
6g.
s
A.
I
5g. M.
-
J.
4ia
M.
M.
M.
5
4
6g.
F.
N.Y., J. P.
do
do
do
do
do
do
do
<fe
5
5,6
&
&
&
&
&
&
A
&
&
&
&
&
&
&
&
&
&
&
<fc
8
J.
N.
Safe D.
8.
,
<
,
,
the Southern Ry. and Loulsyille & Nashville acquired $13,670,300 of
the $15,500,000 Chio. Indianapolis & Louisville stook In exchange for
their joint 50-year 4 p. o. bonds. V. 74, p. 1029, 1090.
Leased Continued.
Miles.
Miles.
Owned in fee—
1TRiohmond& Meoklenb. RR.
31
Alexandria (near Washlng'n)
280 TTNorth Carolina RR.—
to Greensboro, N. C
Goldsb., N. C, to Greensb.. 130
Charlotte,N.O.,toAug*sta,Ga. 190
Greensb. to Charlotte, etc..
94
Col'mbia,S.C.,toGreenv.,S.C. 145
179 Atlantio & Danville Ry.
W. Point, Va., to Neapolis.
Norfolk to Danville, Va.,
Salisbury, N.C.to Morristo'n,
—
—
.
and branohes
231
Tenn
Memphis
Brunswick,
Ga
Operated under agreement—
Roswell RR
12
Controlled by securities—
Atlantic & Yadkin
165
10
State University RR
Elberton Air Line RR
51
1TKnoxv.&Ohio(V.77,p.l226)
69
North Carolina Midland
54
Other roads
117
Trackage Rights—
r
23
Hardeev e, S. O., to Sav., Ga.
Washlngt'n,D.C.,toAlex.,Va.
7
38
Stevenson to Chattanooga.&o
York, Ala., to Meridian JVIiss.
27
Birmingham to Mobile Jo., &c 18
Kentuoky & Indiana Bridge. 10
8elma,N.O. to Pinners Pt.,Va. 155
Savannah, Ga., to Jacksonr. 152
39
Other
409
Austell.Ga., to State L., Miss. 261
Atlanta Jc, Ga., to York.Ala. 271
Atlanta, Ga. ,t» Ft. Valley .Ga. 102
E. St. L., III., to N. Alb., Did. 265
1,468
Branohes, etc
own«d
—
4,379
Total
Leased
H Atlanta
282
14
LookhartRR
to Stevenson, Ala... {272
242
Bristol to Chatt'ga, Tenn
64
Knoxville to Cumb'd Gap.Ky
Ooltewah Junction, Tenn., to
& Charlotte Air L.
N.C.to Atlanta, Ga. 268
98
f Georgia Midland Ry
30
Franklin & Pittsylvania
f Mobile <fe Birmingham RR.—
Selma, Ala., to Marion Jet.. 150
^Southern Ry., Car. Div.—
Chart..
,
Charlest'n, B.C., to Augusta,
Ga., with branches to Columbia, 8. C, etc
Total mileage op. July, '03.7,137
Controlled operated stparalely.
252
874
Oamd*n,S.C.,toMar'n,!N.O. 171 UMobile & Ohio
82
Ashev.,N.C.,toAlston,S.O. 134 IT Augusta Southern
157 St. Johns R. Ter. (V. 75, 982)
Other branohes
Also has one-sixth Interest In Riohm'd-Washington Co., owning union
line between Richmond and Washington, 115 miles. V. 75, p. 449.
Has perpetual trackage rights over Atlantio Coast Line RR.
between Savannah, Ga., Jesup and Jacksonville, Fla., 152 miles, be-
ginning July
1.
1902.
—
V. 75, p. 31; V. 77, p. 698.
affiliated but operated
357
Alabama Great Southern
Cinoin. N. O. &Tex. Paolflc. 336
Stock.- Authorized $120,000,000
separately (See each
Northern Alabama
Co.)
119
397
Georgia Southern & Fla.
common and $60,000,000 five per
tent non-cumulative preferred stock. No additional mortgage can be
put upon the property, nor oan the amount of the preferred stook be
Increased without the consent of holders of a majority of the preferred.
As to question whether the pref. is subject to call, see V. 72, p. 1136.
Vottno. Trust.— A majority of both classes of stook is deposited with
three stock trustees under an extension consented to in 1902. The stock
shall be held by the stook trustees and their successors, jointly, until
Oct 15, 1907, and thereafter until terminated by a vote of a majority
of the stook assenting thereto, although the stook trustees may, In their
discretion, deliver the stook at an earlier date. Stock trustees: J.
Pierpont Morgan, Charles Lanier and George F. Baker. Provisions
of voting trust and pref. stock cert. In Sdpp. of April, 1897, page 6.
I
Dividend.
Morgan & Co
& Tr.
do
do
do
do
do
do
do
Oct.
1910
1,
Jan. 1, 1916
Jan. 1, 1922
Jan. 1, 1915
Apr. 1, 1927
Sept. 1, 1909
Jan., 1910
Nov., 1910
1906-31
Co., Bait. Var.
Morgan & Co
do
do
do
May, 1936
1, 1924
July 1, 1914
do
do
do
do
do
do
July
Nev.
July
do
do
do
do
N. N. Y., J. P.
A.
do
J.
J.
Western No. Carolina, 1st con. mort., gold.Ce.o"
East Tennessee Virginia & Georgia—
552 1880
1,000
J.
5 g. J.
3,106,000
Div. M., g., (Bristol, Tenn. to Selma, Ala.).Ce.o*
N.
1,000
5 g. ,M.
12,770,000
E.T.Va.& Ga. cons. M., g. ($20,000,000). 04r.Ce 1,020 1886
95 1879
1,000
J.
6 g. J.
1,000,000
Ala. Cent. 1st M., Selma to Meridian, gold.Ce....
B.— Southern Railway Divisional Securities..
o'&r 1,020 1894
M.
S.
1,000
5
4,500,000
East Tennessee lien, gold.Ce
292 1898
J.
1,000
J.
5,183,000
4^,
1st mort. on Memo. & Ch., $8,000,000, g. Co*
28 1879 lOO&c.
J.
J.
259,100
6
Charlottesv. <fe Rap. 1st M., sf red. par Jan.l y'ly
24 1898
500
J.
J.
150,000
4
Aiken Branch, 1st M., gold A (V. 68. p. 826)
o*&r 365 1901
1,000
J.
J.
11,250.000
4
St. Louis div. 1st m., $15,500,000, g.IC
1901 l.OOO&o
M. & 8.
4
7,999,000
Col.M.,g.,$9,500,000 8.f.,sec.M. feO.gen.4sGo*&r
Mobile & Ohio bonds— See Mobile & Ohio RR. Co.
O.— On properties practically owned by (*) OR LEASE D TO(fi ) South ern Ry.
166 1899
Ce.o*
1,000
1,500,000
4g- A. A O
'Atlantic A Yadkin 1 st M. g. guar
31 1899
1,000
4 g. |M- A N.
315,000
ITRichm. & Meoklenb., 1st M., $315,000, gold...o
100
1,700,000 7 In 1903 M. & 8
ITAtlanta & Charlotte— Stook
1,000
500.000
4o. A. & O
Pref. M. (old 7s ext. in 1897, V.64, p.286) our.o' 26*5ifl 1877
r 265*3 1877
1,000
J. & J
4,250,000
7
1st mortgage
500
A. & O
4
750,000
Income bonds (not oum.) 6s, interest at 4 p. o.r "98 1880
1896
1,000
3 g. A. & O
1,650,000
*Geor«ia Midland lstuiort., Interest guar. Ce...
Also additional amounts pledged June30, 1903, under tlrsto onsolida ted mortgag e: a $22 5,000:
>
Whom
Payable
Cent.
$500,000
2,000,000
5,660,000
5,997,000
3,368.000
266,000
400,000
500,000
7,635,000
4.859,000
al,025,000
b2,531,000
|
1705
bontts— irinoiOR DIVIDENDS
pal.When Due.
Where Payable, and by Stocks— Last
Feb.
1,
1,
1,
Sept.,
July
Phil./Tr.SafeD.&InB.Co July
N. Y., J.P. Morgan & Co, July
Jan.
do
do
Sept.
do
do
1930
1956
1918
1938
1996
1918
1998
1951
1938
1,
1,
1,
1,
1,
Morgan & Co. Apr.
1, 1949
.Nov. 1, 1948
do
N. Y., Central Trust Co. Mar., '04, 3**
Jan. 1, 1907
do
do
Jan. 1, 1907
do
do
Jan. 1, 1907
do
do
1946
N.Y..J. P. Morgan & Co
N.Y., J.P.
do
b
$1,325,000.
The collateral trust 4s of 1901 have been Issued dollar for dollar in
exohange for the Mobile & Ohio general 4s as acquired, by a pledge of
whioh they are secured. Stock trust certificates for M. & Ohio
stook have also been issued, upon which dividends are payable at 2 per
cent for one year, 3 per cent for the second year and 4 per cent in
perpetuity thereafter. V. 72, p. 242, 822. Lu 1903, $7,999,000 of the
$9,472,000 bonds and $5,632,600 of the $6,070,600 stook had
been deposited. V. 72, p. 439; V. 73, p. 664.
Jointly with St. Louis & San Francisco RR. guarantees bonds of
New Orleans Term. Co. V. 77. p. 38, 699.
Equipment trusts mature as follows: Series A, $225,000 eaoh
In May and November, 1901, and $213,000 May 1 and $212,000
November 1 in eaoh year thereafter; Series B, $180,000 each,
Mar. 31 and Sept. 80, 1902, and $170,000 each M.&S. thereafter; Series
0, $223,000 on June 1, 1903, and $229,000 eaoh J. & D. thereafter;
N. beginning Not. 1, 1903. In
series D, $177,000 each M.
Apr., 1904, oonsols were being Issued In exohange, dollar for dollar,
for the $2,000,000 Charlotte Columbia Ss Augusta 1st 5s; $603,000
had then been exohanged. V. 73, p. 1265.
General Finances.— la. Apr., 1904, $15,000,000 five-year collateral
trust bonds ($16,000,000 authorized Issued) were sold, secured by
stocks and bonds in the treasury, the proceeds to be used to refund
the $4,000,000 collateral trust certificates of 1901 and the outstanding certificates of indebtedness, aggregating about the same amount.
V. 78, p. 1224, 1448. In Apr., 1902, the dividend was increased to the
full 5 per oent rate. V. 74, p. 578.
Latest Earn'gs— 8 $ 1903-4 ...Gross, $30,513,324; net, $8,768,538
mos., July 1 to Feb. 29. { 1902-3 ...Gross, 28,212,475; net, 7,945,765
For 6 mos. ending Deo. 31, 1903, net, $6,874,911, against $6,363,635
in 1902; other Income, $610,645; charges, $4,579,400; dividends
<2i« p. c), $1,500,000; bal., sur., $1,406,155. V. 78, p. 1106.
Annual Report.— Fiscal year ends June 30. Annual meeting Is held
the seoond Tuesday in October. The report for 1902-03 was given at
length in V. 77, p. 690, 696. See also editorial p. 670.
&
.
Traffic—The freight tonnage
ment of
is
widely diversified, whioh
is
an
ele-
Agricultural products in 1902-03 furnished only
about 13 per oent (cotton about 4 per oent), while over 42 per oent
was from mining industries (30 per oent being coal) and about 26 per
oents per m.; trainoent was product of manufactories. Ton rate,
load, 224 tons. Earnings, etc., (including lu three later years the St.
Louis division, 374 miles, for the entire year, but in income account in
1901 only for 6 months aotually operated), have been as follows:
1902.
Years end. June 30.
1903.
1901.
1900.
7,129
6,743
Average miles oper.
6,799
6,306
strength.
O^O
|
As
to extension, see V. 75, p. 442, 612, 1033.
$11284
55
1904
Dividends (p. o.) ) 1897 1898 1899 1900 1901 1902 1903
Apr., 2%
on preferred.
Bonds.—The new first consolidated mortgage, Central Trust Co.,
N. Y., trustee (see abstract in V. 59, p. 783), is secured by mortgage
and pledge of all the property of the company. The total authorized
V
issue is $120,000,000 gold bonds.
77, p. 230), as follows:
Issued to June 30, 1903 (of whioh $5,489,000 in treas.)... $40,737,000
65,265,000
t—„„kio ™i„ +* C " Prior bonds" (see V. 59, p. 785)
Il
e
y
5,700,000
!2£i certain } stocks (see V. 59, p. 786)!..
.ft
retire
355,700
£ equipment obligations (see V. 59, p. 786)
To be issued hereafter only for extensions and additions
at not exceeding $2,000,000 yearly, with a single excep7,942,300
tion as to $4,000,000 (see V. 59, p. 786)
££
Prior bonds must be paid by maturity.
Divisional First Mortgage bonds, issued in 1898 on account of purchase of Memphis & Charleston Ry., bear 4 per cent interest from Jan.
then 4*3 per oent to July 1, 1906, and 5 per
1, 1898, to July 1, 1901
cent thereafter. The total authorized issue is $8,000,000, but $1,500,000 can be used only to build a line replacing trackage between Stevenson and Chattanooga, 38 miles. Of the remainder or the loan, $5,083,000 were issued to retire old mortgage Indebtedness and $100,000 for
Improvements. The bonds cover the 292 miles of main line and
branohes at $17,408 per mile. The balance ($1,417,000) is held for
betterments at not exceeding $100,000 yearly. See V. 67, p. 179.
Second mortgage on former Memphis <fe Charleston secures $2,500,000 of 5 per cents, of which $1,500,000 owned by So. Ry. June 30,
1903 and $1,000,000 reserved for improvements. St. Louis Division
mortgage oovers the former Louisville Evansville <fe St. Louis RR.,
consisting of 374 miles of main line and branohes, the balance unissued, $4,200,000, being reserved for extensions, improvements or
additional equipment. V. 72, p. 138.
;
28,081,034 24,942,460 23,617,452 21,006,730
10,804,542
9,601,360
9,065,805
7,737,455
3,468,485
3,168,428
Mall, express, etc.
3,014,515
2,456,685
42,354.061 37,712,248 35,697,772 31,200,870
Gross earnings
Netearnlngs
11,364,921 10,865,411 10,316,857
9,369,423
1,211,261
824,509
Other income.
498,706
318.805
Total net income 12,576,182 11,689,920 10,815,563
9,688,228
Interest and rentals
8.446,041 7,833,614
7,181,296
6,755,442
422,663
•255,409
Other deduotlons..
93,767
15,535
Bal., sur. for year.
3,707,478
3,600,897
3,540,500
2,917,252
Divid. on pref
(5)3,000,000(5)3,000,000 (4)2,400,000 (3)1,800,000
Officers.— President, Samuel Spencer, 80 Broadway, Now York;
Beo'y, R. D. Lankford, 80 B'dway, N. Y.; Treas'r, H. C. Ansley, 1300
Pennsylvania Avenue, Washington, D. C.
Directors.— A. B. Andrews, Raleldh, N. C; Joseph Bryan, Richmond, Vs.; W.
W. Flnley, Washington, D. C: S. M. Ionian. Atlanta, Ga.: Adrian lsslia Jr..
Samuel Spencer Charles 8teele, James T. Woodward, Harris C. FahnestocK,
Robert M. Gallaway, Charles Lanier and Edmund D. Randolph of New Ysrk.
—(V. 77, p. 2281, 2340; V. 78, p. 229, 1 1 06, 1224, 1448.)
Southern Kail way, Carolina Division.— Charleston, 8. C,
to Augusta, Ga., with branohes to Columbia, S. C, etc, 252 miles;
Camden, 8. 0., to Marlon, N. 0., 171 miles; AsheviUe, N. 0., to Alston,
S. C, 134 miles; other branohes, 138 miles; total, 695 miles.
Leased
to the Southern Ry. A consolidation of the Asheville & Spartanburg
Carolina Midland, South Carolina <fe Georgia and South Carolina &
Georgia Extension railroads. Stook authorized, $7,798,700. Of the
consols of 1902 ($18,000,000 authorized), $6,260,000 are reserved to
retire at or before maturity the underlying divisional bonds, $5,000,000
have been used to reimburse the Southern Ry. for the previous purchase of the several properties, and the remainder are available for
Improvements, equipment and extensions, $4,000,000 being reserved
for a northwestern extension into and through the States of South
Freight
Passengers
Carolina. North Carolina, Virginia, Tennessee and Kentuoky.
V. 75,
p. 136. President, A. B. Andrews.— (V. 75, p. 31, 136.)
.South Shore Ry.—See Quebec Southern Ry,; V. 75, p. 1255 V.
76, p. 1250; V. 78, p. 769, 1276.)
South A Western
Owns and operates Johnson City, Tenn,,
to Spruoe Pine, If. C, 64 miles; also graded from Spruce Pine, Tenn.. to
Gate City, Va., 32 miles, and from Clinchport, Va., to Minneapolis, Va.,
;
RR.—
40 miles.
In October, 1903, a syndicate had control and was proposing to
extend the line through coal fields from Johnson City to St. Paul, 90
miles, and from Spruoe Pine to Marlon, 40 miles. V. 76, p. 213. A
consolidation In June, 1902, of the Ohio River <k Charleston Ry. with
other properties.
V. 74,
p.
1091.
—
.
,
RAILWAY STOCKS AND BONDS.
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1707
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1708
RALLROAD8.
For explanation of oolumn headings, Ac,
on first page of tables.
Miles
of
see notes
Date
Size, or
of
Par
Amount
Road. Bonds Value.
Southern Ry.—fCon.h-Wo. Car.—Stock, 7%, gu..
o"*r
Rnoxville <fc Ohio, 1st mort, gold.Ce
Birmingham RR.. prior lien, g.Ce-..o
UMoblle
e
1st mortgage, $l,200,0O0.Me
<fe
$100
$4,000,000
2,000.000
600,000
1,200,000
900,000
66
149
149
1885
1895
1895
zoo, i,ooo
2O0, I,OO0
100
Preferred stock
Northern Alabama Ry.—See that Company.
^Atlantic & Danville 1st mortgage. Me
Southern Railway, Carolina Division—
1,000
Bonds— PrinciINTEREST OR DIVEDEND8.
pal, When Due.
per When Where Payable, and by Stocks— Last
Rate
Outstanding
Payable
Cent.
7
6g.
A
&
1894
1895
1899
1902
1902
1,000
1,000
1,000
1,000
1,000
5,250,000
5 g.
1,000,000
4g.
100,000
5 g
5,000,000
4 g.
600,000 3 to 5 g.
1,499,900 10 in '03
1,000
900,000
5,191,100
100
7
5
$149,990 sur.$170,948
$2,187,441 $695,681 §$383,296
149,990 sur. 10,908
§370.995
531,893
2,047,515
* Inoludes $9,552 other Income In 1903, $2,926 in 1902.
§ Includes
1903
1902
Improvements.
Southwestern RR.(Ga.)— Owns Macon, Ga., to Eufaula; Fort
Valley to Columbus, Ga., etc., with branches; total, 333 miles
Leased for 101 years from Nov. 1, 1895, to Central of Georgia Ry. at
a rental of 5 p. 0. on stock. As to suit, see V. 71, p. 809; V. 73, p. 1062.
Springfield Union Depot Co.—V. 77, p. 770.
Owns 6 m. double track
Port Morris
Spuyten Duyvll
and connects the N. Y. Central & Hudson with the N. Y. & Harlem.
Leased to New York Central till Deo. 31, 1970, at 8 per cent on stock.
Owns Monroeton, Pa., to Berenice,
Sullivan
State Line
Pa., 24 miles. Stook, $980,250 (par $50.) Mortgage oovers 5,000 acres
ooal lands. The new 1st 4issaresubjecttooallforsinkingfundrequirementa at 105 until Jan. 1, 1914, and thereafter at par. V. 67, p. 1209.
Road leased till 1934 to Penn. & N. Y. Canal & RR. (rental, $40,000 per
ann.), and so oper. by Lehigh Valley.- (V. 74, p. 479; V. 76, p. 332.)
Staten Island Ry.—Clifton to Tottenville, 12-64 miles. Stock.—
$1,050,000, of whioh i569.850 owned by Baltimore & Ohio; par, $75.
Tear ending June 30, 1903, gross, $206,778; net, $33,020; Int. and
taxes, $32,923; balance, sur., $97.— (V. 61, p. 737.)
RR.—
&
RR.—
&
Staten Island
Rapid Transit Ry.— Purchased at foreclosure
first mort. by B. & O. V.69, p.*84. (V.77,p.251.)
Apr., 1899, subject to
Stockbridge
&
Plttsfield
RR.—Vandeusenville
to Plttsfield,
Mass., 23 m. Leased for 99 years April 1, 1893, to N. Y. N. H. & H., at
6 p. 0. on stock. Lessee pays taxes. Lease to Housatonio suspended.
Carolina Ry.—Suffolk, Va., to Eden ton, N. O, on AlSuffolk
bemarle Sound, 50 miles, opened April 19, 1904, the remainder o' the
line having been standard-gauged; branch from Beokford to Elizabeth City, N. C, 25 miles. Controlled by Baltimore capitalists. V. 78,
p. 1499.
Stook authorized, $1,000,000, of whioh $800,000 is outstanding, a
stock dividend of 100 p. o. having been declared Jan., 1903; par
of shares. $100. Of the 1st consol. 5s of 1902 ($1,000,000 authorized
iBsue) $500,000 were issued to retire $70,000 of the old 6s, build extensions to Edenton and Elizabeth City, 42 miles, standard-gauge the
road and lay 60-lb. steel rail, the balance being reserved to retire
$90,000 old 6s due April 1, 1911 aDd for future requirements. There
are also $100,000 (authorized Issue $300,000) 4 p. o. non-oum. income
bonds. V. 76, p. 103. Year ending June 30, 1903, gross. $99,608: net,
President, Wm. H.
•49,964; annual interest oharge now.is $30,400.
Bosley, Baltimore, Md.— (V. 76, p. 49, 103; V. 78, p. 1499.)
Road from Bellows Falls to Windsor,
Sullivan County
Vt., 26 miles. Road opened 1849; operated since April, 1893, by
Boston & Maine. Net earnings, less taxes and Interest on bonds, paid
lessor. Stock, $500,000, owned by Vermont Valley RR. For year
1902-03, gross, $353,140; net, $67,831; interest, taxes, etc., $27,721;
dividends (8 p. c), $40,000; bal., but., $110.- (V. 65, p. 867.)
&
RR.—
Sunbury Hazleton &. Wllkesb. Ry. >
See Pennsylvania
Sunoury <v Lewistown Ry.
Railroad.
\
Suncook Valley RR.—Owns road Suncook to Plttsfield, N. H., 17
miles. Leased till 1912 to Concord & Montreal for 6 p. c. on $240,000
Of capital stook; total stook Issued Is $341 ,700, of whioh $101,700
non-dividend paying. President, Hiram A. Tuttle, Plttsfield, N. H.
Susquehanna Bloomsburg
Jk
is
Rerwlck RR.— Watsontown
to Berwick, Pa., 42 miles. Successor In Aug., 1902, ot the Central Pennsylvania <fe Western RR., foreclosed. V.75,p. 343. Stook, $1,000,000, all
outstanding; par of shares, $50. Bonds, see table. V. 75, p. 1303.
Year ending June 30, 1903 (line being uncompleted), gross, $21,011; def. under oper. exp., $3,400. Pres., J. Henry Coohran.Willlamsport, Pa.-(V. 75, p. 1303.)
& New York RR.—
Susquehanna
Owns Towanda, N. Y.,
to Ralston. 43 miles; Gray's Run Branch, 25 miles; other branches,
3»* miles; tram road branches and sidings, 14 m.; trackage (including
7 miles of sidings). 13 1*! m.; total Sept., 1903, 99 m. Extension from
Towandaeast to Binghamton was proposed.
consolidation In 1902,
T. 75, p. 201. Stook. $2,000,000; par of shares, $100; outstanding,
Bonds ($2,000,000 authorized) are 413s,
Sept., 1903, $1,224,500.
dated Deo. 1, 1902, and due Deo. 1, 1932, but subjeot to call in ten
years; none issued Sept., 1903. For 2 mos. ending Aug. 31, 1903,
gross, $28,780; net, $12,502. For year ending June 30, 1903, gross,
S67.002; net over taxes, $21,561. President, O. 8. Horton; Treas.,
F. E. Bradley, WiUiamsport, Pa.— (V.75, p. 291, 395.)
Owns road from Stanhope to Franklin, N. J., and
Sussex
A
RR.—
A.
J. N.Y., J. P.
do
do
do
J.
J.
<a
J.
J.
&
&
&
&
&
&
&
A.
&.
J.
J.
A.
July
July
Jan
J.
J.
1925
1945
1945
1, '04,
1,
Morgan & Co. May
2%
1948
1.
do
do
do
do
do
O.
1,
1,
1,
July
N. Y.,Mercant. Trust.
J.
&
A.
Morgan & Co. July
do
do
do
J
/e N. N.Y., J.P.
do
J.
J.
S*
RR—
M.
J.
F.
Spartanl/g Union dk Columbus— See South'n Rt., Caro LINAD ITI8ION.
100
6
989,000
8
Spuyten Duyvil<SP'tMor.-8toci,8 p.o.gu.,N. Y.Cent.
1,000
24 1898
275,000
4>s g.
State Line dk Sullivan—1st mort., $300,000, g.Unc*
Staten Island Ry. and Staten Island Rap. Transit- See B ALTIM OBE & Ohio.
1886
90,000
6
Suffolk dl Oarolina— 1st mortgage
"75 1902
1,000
500,000
1st consol. mort., $1,000,000, gold, red. HO.-.o*
100
448,700
23
Stockbridge dt Pittsfield—6p.a. rentalN. Y. N.H.&H.
1894
1,000
357,000
4
1st mortgage, $400,000.. ..o
Sullivan County
Sunbury Hazle. dk Wilkesb.—Sunb'ry dt Lewistown— See"P ENN8Y LVANIA RR.
100
240.000
6
Suncook Valley—Stook, 6 p. c. rental Con. & Mon.. "42
1902
1,000
700.000
5 g.
Susq. Blooms. <t Berw —1st M., $700,000, gold.FP
100
2,500,000 8 In 1903
81
Syracuse Binghamton dk New York— Stock
1.000
1,966,000
81 1876
7
Consol. M.fp.andl. gu. (end.)byD.L.&W.).F.c*<fer
100
1,325,000
3^
Syracuse Geneva dt Corning—Stook (3HV- o. rental)
*64 1875 100 &o
366,300
7
1st mortgage, sinking fund, drawn at par.F. ..o
1,000
600,000
64 1879
5
°
2d mortgage. F
1.000
44 1903
494.000
5 g
Toe. East.-lst M.$l,500.O00.g.r'd.llQ.beg.'O8.ICc-
Stock authorized, $10,000,000; outstanding, $100,000; par of
shares, $100. The bonds are subject to call in whole or part (by lot)
at par and accrued interest on or before Jan. 1, 1907, on 90 days'
notice, coupons to Jan. 1, 1905, inclusive, being at the rate of 3 per
cent yearly, those of July, 1905, and Jan., 1906, at 3*a per cent and
thereafter at 5 per cent per annum. V. 76, p. 436. For year ending
June 30, 1903, gross, $62,807; net, $700; total deductions, $3,339;
bal., sur., $3,661. President, George L. Carter.— (V. 76, p. 213, 436,
1250; V. 77, p.|1534.)
South we Nt Pennsylvania Ry.— Greensburg, Pa., to Faircnanoe,
Pa., 45 miles, and branches, 90 m. Leased to Penn. RR., which pays
met earnings as rental and owns $1,057,250 stock and $600,000 bonds.
Dividends.- > 1892. '93. '94. '95. '96. 1897 to Oct., 1903.
10
11
11
10 per cent yearly.
10
Percent.... \ 10
"Balance.
Divid'ds.
Int.,taxes,dkc.
Net.
Tr Dec. 31. Cross.
Feb., 1904. 319
J.
245
1*877
Burlington, N. C.
4g-
3,925,000
50
A
&
&
&
&
&
F.
J.
J.
1,000
16
Dividend.
4
1900
"38
126
126
333
Whom.
I*
278
Ga., 1st M., g., $5, 250,000. Ce...o*
ITSo. Carol.
*8part. Union & Col., $1,000,000, gu. Ash. <fe Sp.g.
Wateree River RR. 1st mortgage. Ce.
Sumter
New consol. mortgage, $18,000,000, gold.N
South. dk Western—1st M., $600,000, g.,red. (text).c
Southwest Pennsylvania— Stock ($3,000,000 auth.).
r
1st M., sink, fund $5,000 yearly, not drawn
Southwestern ( Oa.)—Stock (see text)
[Vol,, lxxtiii.
1919
1995
Apr. 1, 1919
July 1, 1952
Jan. 1, 1952
Jan.,
Invest. Tr. Co., Phlla.
O. Phlla., Broad 8t. Stat'n
do
Oct
5%
1, '03,
1, 1917
J.
do
Sav., Qa.
J.
J.
N. Y.. Gr'd Cent. Station Jan., 1904, 4%
N. Y., Union Trust Co Jan. 1, 1929
A.
& Macon,
Feb.
Ga. Jan.5,'04,2ifl%
Apr.
O.
1,
1911
& J. Int'n'l Tr. Co., Balt'me. July 1, 1952
Apr..'04,lifl%
Stockbridge, Mass.
Q.-J.15
A & O. Bos. Safe Dep. & Tr. Co, Apr. 1, 1924
J. & J M'nch'st'r.N.H.,Nat.Bk Jan., 1904,
A. & O. Phlla., Fidelity Tr. Co Oct. 1, 1952
Q.— F. N.Y.,D.L.&W.RR.Co. Feb. 1, '04. 2%
do
do
Oct. 1, 1906
A. & O.
Q.— F. N.Y., Gr. Cent. Station. May 1,»04, '8 %
M15&N. N. Y., Farm. L. & Tr. Co. Nov. 15, 1905
M. & S.iN. Y., Gr. Cent. Station. Mch. 1, 1909
J. & J.IN.W. Harris & Co., Chic. Jan. 1, 1923
J.
branch, 30 miles. Road opened 1854. Since 1881 operated by Del.
Lack. & W., whioh owns a majority of the $1,638,600 stock. Dividends
paid from earnings of 1899, 3 p. c; 1900, 4 p. c; 1901 to 1903, both
inc., 2 p. 0. yearly. The $235,500 7 p. c. bonds due Apr. 1, 1903, were
paid off at maturity. For year ending Deo. 31, 1903, gross, $204,903;
net, $82,951; oharges,$8,722; divs. (2 p.c), $32,772; bal., sur., $41,457.
Geddes, N. Y.,tO BingSyracuse Binghamton
N. Y.
hamton, N. Y., 81 miles. Controlled since 1869 by Delaware Lack. &
W., whioh. June 30, 1903, owned $1,903,900 stock and guar, the bonds.
'92 to Feb., 1904, inclus.
'88
'89
'90
'91
Dividends
)
Percent
8
13
12
8
8 yearly (2 p. c. quar.)
$
Int.
Dividends.
Balance.
Report.
Cross.
Net.
1903
$200,000 eur.$139,229
$1,220,655 $476,849 $137,620
1902
137,620
200,000 def. 178,132
943,963
159,488
(V 65, p. 568.)
Syracuse Geneva
Corning Ry.— Corning, N. Y., to Geneva.
N. Y., 58 miles Penn Yan to Dresden, 6 m. Formerly leased to Fall
Brook Ry., but lease canceled and new lease made from May 1, 1899,
for term of corporate existence to N. Y. Central, for $46,375 per annum, payable quarterly, interest on bonds and other obligations, taxes
and a vft/c*Aaray i;uu ai a. C. v tt ujjus^ $821,800 of vuv $1,325,000 stook, par
cvuvi repairs, the N. Y. \s* owning ipu u .a 'jvv vx the W-a
>r
dividend on the stock.
$100. This rental is equivalent to a 3*8 per cent div
(V. 68, p. 573; V. 73, p. 1063; V. 74, p. 328; V. 75, p. 1033.)
Tacoma Eastern
Owns Tacoma, Wash., to Alder, 44
miles; extension under construction to Ashfords, 11 miles, to
bituminous coal fields; branch also projected from Eatonville easterly
13J3 miles to Nisqually Coal Co. fields. Stock, common, $7,500,000;
pref., 6 p. c; non- cum., $750,000; all issued; par of shares, $100. Of
the bonds (see table above) additional amounts up to $1,000,000 can
be issued only at the rate of $13,000 per additional mile of traok.
V. 76, p. 655. President, Edward Cookingham. Portland, Ore.; Secre-
&
RR.—
—
&
;
.
.
(
RR.—
tary, E.
M. Hayden, Tacoma, Ore.— (V.
76, p. 655.)
Tallulah Falls Ry.—Owns Cornelia to
Wylie, via Tallulah Falls,
Ga., 28 miles; extension from Wylie to North Carolina line, 17 miles,
will be completed early in 1904. Successor in 1898 of the Blue Ridge
& Atlantio RR., foreclosed. V. 66, p. 810. Stook authorized, $500,000,
of which $250,000 Is 5 p. c. non-oum. preferred; par of shares, $100.
Bonds are limited to $15,000 per mile. Year ending June 30, 1903
(21 miles), gross, $23,730; net, $7,060. President, Geo. L. Prentiss,
31 Nassau St., N. Y.— (V. 75, p. 241.)
Tehuantepec National Ry.—V. 74, p. 94; V. 75, p. 794.
Temlskamlnlng 4c Northern Ontario
V.77, p. 251, 1749
Tennessee Central
Harrlman, Tenn., westerly to Hopkinsvllie, 252 miles; branches, 48 miles; total, 300 miles. Extension from
Nashville northwesterly, via Olarksville, to Hopkinsville, Ky., 73
miles, was completed in Deo , 1903. The Nashville Terminal Co.'s facilities, to be built, inoluding terminals and bridge and 18 miles of
track, are leased for 99 years from May 1. 1902. V. 73, p. 337. 392;
V. 74jp. 577, 831; V. 75, p. 499. |On Mar.17, '04, W. J. Oliver of Knoxville, Tenn., was appointed reoelver; floating debt was stated to be
about $1,000,000. Receiver's certificates, $75,000, were authorized.
It was hoped to shortly end the reoelvership and issue a new mortgage to retire the outstanding bonds. V. 78, p. 1168, 1224.
Securities.— Stook authorized, $8,000,000, all common (par of
shares, $100), issuable at $25,000 per mile. The citizens of Nashville
on Aug. 30, 1901, voted to subscribe to $1,000,000 stook, the subscription price to be paid on completion of the road from Nashville te
Clarksville. Suit, V. 74, p. 1309; V. 76, p. 1409; V. 77, p. 2340; V. 78,
p. 1393.
The new Tennessee Central RR. bonds, dated July 1, 1902, are
Issuable at $25,0O0 per mile; of the present issue (about $5,000,000)
$3,306,000 are reserved to retire the Tennessee Central Railway and
Nashville
Knoxville RR. bonds. The Nashville Terminal mortgage
is for $1,000,000; see that company. The Mercantile Trust Co. of St
Louis is trustee of both of the new mortgages. President, J. C. Van
Blarcom; Seo'y, O. M. Lalng.— (V. 78, p. 288, 1168, 1224, 1393.)
Terminal
Association of St. Louis.— Property.—
Owns and operates extensive terminals at St. Louis, with belt lines and
bridges, and a tunnel 4,800 feet in length; operates East St. Louis
Carondelet Ry.. 12 miles, since Mar. 1, 1902. V. 74, p. 479.
In Mar., 1904, the bridge across the Mississippi River at Alton, owned
by St Clair Madison <fe St. Louis Belt RR., was purchased, or expected
to be purchased, by 10 of the 14 proprietor companies. V. 78, p. 1393.
Organization.— Organized in 1889. The following companies are
Cleveland Cincinnati Chioago <& St. Louis, Louisville &
sole owners
Nashville, St. Louis Iron Mountain & Southern, Bait.
O. South-
Ry —
RR.—
&
RR.
A
:
A
Pacifle, Wabash, St. Louis Vandalia A Terra
Haute (Penn. RR. system) Ohio. Rock Island & Pacific, St. Louis A
San Franolsoo, Chicago A Alton, Chlo. Burl.
Quinoy, Ulinos Central,
Southern Ry. and the Missouri Kansas <fc Texas, the seven last
named having acquired their Interests in Deo., 1902, and Jan., 1803.
western, Missouri
<te
V. 75, p. 1355; V. 76, p. 103. These companies agree under contract to
use the property forever and pay as tolls the interest, taxes, rentals and
other charges, and each line will contribute its proportion to the extent
of one-fourteenth to make up any defloienoy from unforeseen circumstances. See also St. L. Merchants' Bridge Term. RR.
Leases.—The leases of the Bridge and the Tunnel are for tneir
corporate existence, and were made July 1, 1881. As to litigation, see
V. 77, p. 299, 512.
o
.
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
RAILROADS.
Miles
Date
Size, or
or
Par
For explanation of column headings, Ac, see noteB of
Road. Bonds Value.
on first page of tables.
Tallulah Fall$—lat mort., gold. IB
Tal. Falls— ( Con.)— X%t con. M., g., red. 105.S.o**r
Tennessee Central RB.—T. O. Ry. 1st M.HISt .. .0*
Nash. <fe Knox. 1st mort. for $2,000,000. I?Ie...c*
T. C. RR., M. $15,000,000, g., red. 105 af. July,'07.
Term'l Railroad Association— 1st mort., gold.Ce.o*
1st oonsol. mortgage, $12,000,000, gold. Ce...o'
Gen.M. ref., $50,000,000, g.,s.f.,red.,text.Ce.o'<fer
St. Louis Bridge Co. 1st pref. stock, guaranteed.
2d preferred stock, guaranteed, endorsed
o*
1st mortgage, gold.
Tunnel Railroad of 8t. Louis, stook, guar, (end.)
Terminal Ry. (Buffalo)— lstM., $1,000,000,*., N.o*
Terre Haute dt Indianav.— Con. M., now 1st M.,F.g.
2d BL, con. g., red. aft. July 1, 1902, at 105. F..o
Terre Haute <& Logansport RR.—let mortgage
Obligations convertible into mortgage Donds
Terre Haute A Peoria.— First mortgage, gold.Un..
1st oon. M., $2,500,000, g., gu. p.A 1. (end.).Un.o*
Texas Central—Common stook
Preferred stock, non-cum
1st M., $2,000,000 g., red. 110 ($150,000 4s) .Fc*
Texas Midland RR.— Mort. ($750,000 is 2d mort.).
Tex.dtN. 0.o/'74— L.gr. t.f.notdrn., lstM.Mp.o'Ar
o*<fcr
Sabine Division 1st mortgage, gold
o*&r
Consol. mortgage for $4,195.000. G
Dallas DiT.lstM.,g.,$20,000 per m. (text)Un-.o'
Texas dt Pacific— Stock, $50.000,000
IstM. (Eastern Div.),goid, s. f.red. at 100
1st consol. mort. for $25,000,000, gold.FF....o
2d cons. inc. M. ($25,000,000), g. (see rem.).ITIc.c*
Louis. Div. Br. Lines, 1st M., g. $12,500 per m.JIe
* $605,000 additional 5a and $45,000 4s in tre
—
43
43
55
87
205
1901
$1,000
1903 1,0004c
1898
1.000
1888
1,000
1902
1,000
1889
1,000
1894
1.000
1903 l.OOOAo
100
100
1879 500 Ac
11
116
116
93
159
138
138
1896
1885
1892
1879
1898
1887
1892
i',6od
227
111
105
104
209
1893
1893
1875
1882
1893
1900
1,000
1,000
1,000
1,000
1,000
1,000
1875
1888
1888
1901
June 3
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,652
513
1,387
1.387
340
asury
,
1902
Stock.— Capital stock, authorized amount, $50,000,000, as In
oreased in Dec, 1902; outstanding June 1, 1903, $2,882,000.
Bonds, Etc.—The mortgage of 1889 (trustee Central Trust Company,
was described in advertisement in Chronicle of February 13, 1892.
Of the general mort. refunding 4% sinking fund gold bonds of 1953
($50,000,000 authorized) $18,000,000 have been sold for new construction, Improvements and additions (of which $13,000 000
had been delivered in April, 1904), $17,500,000 are reserved to
retire existing bonds and $14,300,000 for issue after Jan. 1, 1906, at
not over $1,000,000 yearly for improvements and acquisitions. A sinking fund commencing July 1, 1906, will retire $100,000 of these bonds
yearly by lot at 110 and Interest If not purchasable for less. The entire issue is subject to call at 110 and Interest on and after Jan. 1,
1910. For property mortgaged, see V. 76, p. 267, 383, 481, 807.
Guarantees $3,500,uoo St. L. Merchants' Bridge Terminal 1st 5s, and
interest on $2,000,000 1st 6s of Merchants' Bridge. See those Co's.
Annual Report.—Year changed to end June 30. Next report will
be for year ending June 30, 1904. Report In V. 76, p. 807, showed:
Net.
Other inc.
Charges.
Tear
Cross
Balance.
$1,317,677 $382,958 $2,233,659 def.$533,024
1903.... $2,726,293
1902.... 2,615,360
1,494,369
335,894
1,462,919 sur.387,345
Chairman of Board, Julius S. Walsh; Pres., W. S. MoChesney Jr.; Sec.
C. A. Vinnedge; Treas., F. 0. Daab.— (V. 78, p. 1393.)
Terminal Ry. of Buffalo.— Blasdell, N. Y., to Depew, Erie
Co., N. Y., 11 miles. Opened Sept. 15, 1898. V. 67, p. 530. Stock is
$1,000,000; all owned by Lake Shore & Miohigan Southern. Dividend
on stock, 6 p. c. paid in 1903. Lake Shore A Mich. South, and N. Y. C.
A H. R. RR. each own 5,000 shares of the stook. Year to June 30,
1903, gross, $64,230; net, $48,853; interest and taxes, $46,458;
bal., sur., $2,395. Secretary, E. V. W. Rossiter, N.Y.— (V. 67, p. 530.)
(See Map Pa. RR.)— Owns
Terre Haute 6c Indianapolis
Indianapolis to (lliaols State line, 80 miles, with coal branches, 43
miles. Leases St. Louis Vand. A Terre Haute, 158 miles; Terre Haute
A Peoria (less trackage 28 miles and half ownership in 8 m.), 174 in.;
total, 455 m. Pa. Co. owns a block of the $1,988,150 stock.
Receivership.—On Nov. 13, 1896, Volney T. Malott, of Indianapolis, Ind., was appointed receiver.
See statement in V. 63, p. 1011.
Decision lnDec, 1902. V. 71, p. 810; V. 75, p. 1204, 1303.
Dividends 1878 to 1884, 8; 1885 to Feb., 1894, 6 p. c; none since.
Guaranties—Interest on T. H. & Peoria bonds went to default, but
interest on Terre H. A Indlanap. oonsol. 5e of 1885 and 1892 has been
paid when due. V. 67, p. 30; V. 70, p. 992, 1049.
For 6 mos. ending June 30, 1903, gross, $959,955, against, $852,257;
net, $200,572, against $301,668.
Annual Report.— In 1901-2, on 123 miles owned, gross, $1,770,483; net, $669,168; oth. Income, $13,000; Interest, $125,000; loss In
operating leased lines, $110,709; bal., sur., $446.449.— (V. 77, p. 2281.)
—
RR.—
:
Terre Haute
6c
Lognnsport Ry.— Owns from South Bend, Ind.,
to Rookville, Ind., 159 miles; trackage, Rockville to Terre Haute, 23
miles; steel, 60 and 701b. Successor on Deo. 1, 1898, to the T. H. A
L. Railroad, sold Nov. 18, 1898, to Pennsylvania Co. Capital stock,
$2,000,000. Due Penn. Co. for advances Dec. 31, 1903, $271,500,
bearing 4 p.c Int In 1903, gross, $1,260,938; net, $224,270; int.,
rental and betterments, $230,359; def., $6,089.— (V. 72, p. 985.)
Terre Haute 6c Peoria
(See Map of Pennsylvania RR.)—
Road operated from Terre Haute, Dad., via Decatur, to Peoria, m., 174
miles, of which 138 miles are owned and half interest owned in 8
miles and 28 miles Is by trackage over other roads. From Oot. 1, 1892,
leased for 99 years to the Terre Haute A Indianapolis at rental of 30
per cent of gross earnings, with a minimum sufficient to pay interest
on debt. See V. 55, p. 766. Lessee owns $544,200 of the $1,837,400
preferred and $1,338,000 of the $1,926,800 common.
Committee.
Interest due Sept. 1, 1896, was paid May 1,
1901, by order of court; coupons of Mar., 1897 to Sept., 1901,nnoluslve,
in May, 1903; March, 1902 coupon in Sept., 1903; Sept., 1902, coupon
in Dec, 1903, and Mar., 1903, coupon in Apr., 1904; later coupons unpaid V. 72, p. 937; V. 76. p. 974; T. 77, p. 2160; V. 78, p. 1448.
Bondholders' Committee: Chairman, Mark T. Cox, James A. Blair,
James W. Paul Jr. Depositaries, N. Y. Security A Trust Co., N. Y.,
and Drexel
Co., Phila. A majority of bonds has been deposited.
The consols [Union Trust Co., N. Y., trustee], carry the guaranty of
the T. H. A Indianapolis.
In May, 1900, the U. 8. Ciroult Court of
Appeals affirmed the validity of the guaranty. V. 72, p. 481, 873.
Earnings.— Fiscal year ends Oct. 31. For 6 months ending' Jtane
30, 1903, gross, $303,059, against $253,759 in 1902; net,$8,877, against
4,380. In 1901-02, gross, $539,086; net. $40,987; rental from lessee,
t167,726; bal., loss to lessee, $126,738— (V. 78, p. 1448.)
Texas Central
Road— Runs from Waco, in McLennan Co..
to Albany and Stamford, Tex., etc, 227 miles, and extension Albany
to Stamford, 40 miles, was completed Feb., 1900.
DIVTDEND8.— On preferred: In 1896. 3 p.c; 1897, 3; 1898, 3; 1899, 4;
1900, 4; 1901, 7V. 1902, 5 p. c; 1903, 5 p. c; 1904, Jan., 2^ p. o.
On common, 2>* p. c, July 15, 1901; in 1902, Jan., 2»i p. c; in 1903,
July, 2i« p. c
Latest Earns.- 9 mos., J 1903-4. ...Gross, $613,201 net, $175,517
July 1 to Mar. 31.
net, 130,375
\ 1902-3.... Gross, 482,461
Surplus over 9 months' charges, $152,269, agat. $107,187 in 1902-3.
Report for year ending June 30, 1903,was in V. 77, p.2034, showing:
Gross. $601,615; net, $163,733; other income. $1,108; Interest, $30,939; dividends, $132,457; bal., $1,444.-(V. 77, p. 770, 2034.)
RR.—
—
&
RR.—
;
;
Amount
Outstanding
1709
BontU— iTtnoiINTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stock*— Last
Dividend.
Whom.
Payable
Cent.
$374,000
360,000
1,550,000
1,756,000
5,000,000
7,000,000
5.000,000
See text.
2,490,000
3,000,000
5,000,000
1,250,000
1,000,000
1,900,000
600,000
500.000
A
A
&
5* M. A
5g. J. &
4iflg A. A
5 g. F. A
*.* J. &
J. A
3
J. A
7 g- A. &
J. A
6
4g. A. A
5 g- J. A
5 g- J. A
6
J. &
4 g- J. A
5 g- M. &
5 ft M. A
5
5
Boston.
J. Intern. Tr. Co.,
J.
J.
J.
g.
g.
J. N. Y., Standard Tr'st Co.
J. 8t. L., Miss Val. Tr. Co.
July
1,
1921
Jan. 1, 1933
Jan. 1, 1948
N. N.Y., Mercantile Tr. Co. May 1, 1918
J. Mero. Tr. Co., 8t. Louis. July 1, 1952
Co. Oot. 1, 1939
O. N.Y. , J. P. Morgan
Aug. 1, 1944
do
do
A.
Jan. 1, 1953
do
do
J.
Jan., 1904, 3%
do
do
J.
&
J.
Jan., *04, 1»9%
do
London. Apr. 1, 1929
do
O.
New York and
J.
J.
N.Y. .Farmers'L. &T.Co. Jan.
J. N.Y., J. P. Morgan ACo. Jan., 1904, 3%
O. N. Y., Grand Cent. Sta'n Apr. 1, 1946
J. N. Y., Farm. L. & Tr. Co. July 1, 1925
July
do
do
1,
1,
1925
1910
D.
1,060,000
33,000
2,197,000
2,649,300 2H in '03
1,324,500 5 In 1903
*650,OOO 4g. A 5g
5
900.000
7
862,000
6g.
2,575,000
1,620,000
2,455,000
* g.
38,763,810
2,741,000
eg.
22.234,000
24,650,000
5 g.
5 ft
4,176,000
A
F. &
M. A
J. A
F. A
M. &
J. A
Moh.
J. A
total of $1, 300,000
Issued.
Texas midland
Mar. 1, 1937
In default.
Moh., '03, ooup. last pd. Sept. 1, 1942
Yearly. N.Y.,Farm.L'n ATr.Co. Julyl5,'03,2i«
J.
A.
8.
8.
&
&
do
do
1902-03
None In
J.
A. N.Y.,8.Pao.,120B'way
do
do
8.
J. N. Y., Central Trust Co.
New York.
A.
do
do
J.
O.
J.
N. Y., Mero. Trust Co.
N.Y.,Mer. Trust Co.
1. 5 p. o. pd. Mch. 1, 1904
J. N. Y., Mer. Trust Co.
8.
D.
RR.— Road
Jsn.15,'04, 2»s
Apr.
1,
1923
Aug.
1,
1905
1912
1943
1930
Sept. 1,
July
Aug.
1,
1,
Moh.
June
1,
1,
1,
1,
Deo.
Jan.
from Ennls on Houston
1905
2000
2000
1931
A Texas
Central Ry. to Paris, Texas, 125 miles, of which 14 trackage over St.
Louis Southwestern. In 1893 purohasedby Mrs. Hetty Green. Stook,
$500,000; par, $100. Total current liabilities July 1, 1902,82,055,228.
For year 1902-03, gross, $520,957; net, $46,057; int. onbonds, $45,000;
sur., $1,057. Pres., E. H. R. Green, Terrell, Tex.— (V. 63, p. 839.)
& New
RR.—
(See Map So. Pae.)— Houston, Tex.,
Orleans
Texas
to Orange (Sabine River), 112 miles; and Sabine Pass to Dallas, 312
miles, completed May, 1903: Houston to Clinton, 8 miles; Nome to Sour
Lake. 8 miles; total 440 miles.
line from Dallas, Tex., to Sabine Pass was completed in Apr., 1903.
A
Securities Etc.—The stook is $5,000,000, all of it being owned by
the Southern Pacific First 7s are purchased by the sinking fund at
not over 110. There were also June 30, 1903, $325,422 Texas sohool
fund 6s, int. M.AN., prinolpal payable 2 p. o. per annum. Lands unsold June 30, 1903, 490,090 acres.
The first mortgage of 1900 secures bonds at $20,000 per mile on the
road extending from Rockland to Dallas, Tex., about 218 miles, a part
of which was purchased In 1899, and extensions hereafter acquired or
Equipment
constructed up to 40 miles. V. 70, p. 997; V. 71, p. 183.
bonds, $1,156,00 68, due $68,000 semi-annually Oct., 1904, to Oct.,
1912, all owned by So. Pac V. 76, p. 1302; V. 77, p. 2160.
Earnings.— 7 mos.,
) 1903-4 .. ..Gross, $2,253,290; net, $524,114
Gross, 1,917,719; net, 323,535
July 1 to Jan. 31.
S 1902-3
In year ending June 30, 1903, gross, $3,157,685; net, including
other Income, $440,632; surplus over charges and taxes, $42,109.
In 1901-2, gross, $2,970,724; net, $546,728.— (V. 77, p. 2281.)
Texas 6c Faclflc Ry.— (See Map Mo. Pac)—New Orleans, La.,
west to El Paso, Tex., 1,150 miles; Marshall via Texarkana Juno, and
Whitesboro to Fort Worth, 315 m.; branohes, 362 miles; total, 1,827,
of which 92 miles, Sierra Blanco to El Paso, is trackage, leaving 1,735
miles owned.
Organization.— In 1888 reorganized by the plan In V. 43, p. 164, and
V. 45, p. 401, without having the foreclosure sale oonfirmed, thus preserving the original Federal charter. Land assets Jan. 1, 1904, were
64,575 acres, land notes $31,930 and $15,020 cash.
Stock.—Mo. Paolflo Deo. 31, 1903, owned $6,525,000 stock.
Bonds.— See 1889 mortgage abstracts, V. 47, p. 82; V. 78. p. 1448.
The Weatherford Mineral Wells ANorthwestern ($500,000 5s of 1902)
are guaranteed, principal and int., by indorsement. V. 78, p. 344.
The Louisiana Branch Lines mortgage will oover all branohes constructed or acquired in Louisiana at $12,500 per mile, but not to exceed In the aggregate $7,000,000. V. 72, p. 577, 1189.
Interest scrip, income and land grant bonds (a stook liability, retlrable under reorganization agreement), $113,917; other scrip, $7,775;
$438,000 Eastern Division 1st 6s were called for redemption on Mar.
1, 1899, $105,000 on Mar.l, 1900, $118,000 on Mar. 1, 1901, $123,000
on Mar. 1. 1902, $126,000 on Mar. 1. 1903, and $133,000 on Mar. 1,
1904. Equipment obligations Jan., 1904, due 1904-13, $2,250,010.
Finances.—On seoond 5s there is no right to foreclose unless default
is made on first mortgage. The oompany has been spending its earnings in needed improvements; in 1900-02 made 1st payment on incomes,
rlz.. lifl p. c; in 1901, 4 p. c; since to Mar. 1, 1904, 5 p. o. yearly.
In Feb., 1904, all except $980,000 of the Texas A Paclflo seconds
had been exchanged for 65 per cent in new St. Louis Iron Mountain
A Southern gold 4s. See Iron Mountain statement following Missouri Paolflo. V. 68, p. 525. 619, 725, 774; V. 70, p. 533. In Mar.,1903,
$1,438,125 second mortgage incomes were subscribed for, raising the
amount outstanding to $24,650,000.
Earnings.—Jan. 1 to Apr. 7, 1904, gross, $3,261,752; 1903, $3,156,
572.
Annual Report.— Report for 1903 was In V. 78, p. 1163.
Tear ending Dee 31—
1903.
1902.
1901.
Miles operated
..
1,827
1,697
1.684
Gross earnings
$12,094,744
$11,236,601 $11,769,942
Net earnings
$3,808,638
$3,484,311
$3,735,491
Other income
171,485
363,135
147,830
Total net income
$3,980,123
$3,632,141
$4,098,626
Interest on first mortgage... $1,473,354
$1,428,459
$1,393,814
Interest on 2d incomes
(5%)1,161,900 (5%?1,161,900 (5)1.161,900
Fire claims (year 1894)
163,642
Taxes
Imp'ts, equip't, disc, etc
Miscellaneous
Balance, surplus
....
296,053
1,250,334
21,660
def.$223,178
x From accumu'nted surplus was paid
284,514
291,484
37,424
x$556,202 x$l,251,428
for betterments, equipment, etc., $2.-
t07,368 In 1902; In 1901, $926,360; in 1900, SS36.612,
-(V. 77,
p. 90,
825; V.78, p. 344.704, 821, 1 163, 1448.)
Texas Sabine Valley 6c Northwestern Ry.—V. 73, p. 139.
Texas Short Line RR.— Grand Saline, Tex., to Hoyt, 9^ miles;
extensions are proposed, viz.: one southeast via Canton and Maybank
to Corsloana, 65 miles, and northeast via Quitman to Pittsburg, about
45 miles. Stock. $10,000. In Mar., 1902, Texas RR. Commission authorized $185,785 bonds.
Pres.. Fred'k R. Blount. 26 Broadway, N. Y.;
Asst. Treas., John Mulholland, 38 Park
(V. 78, p. 1393.)
Row—
).
.
RAILWAY STOCKS AND BONDS.
1710
RADLROADB.
Miles Date
For explanation of column headings,
on first page of tables.
Amount
Par
of
of
Ac., see notes
81ze, or
Outstanding
Road. Bonds Value.
9*
Texas Short Line— 1st mortgage, gold. TJsm
Tioga UK.— 1st M., due 1882 and extended, gold.
46
46
7
196
1901 $1,000
1852 500 &o.
1875
1,000
1875 500 Ac.
1885
1,000
1892
1,000
1894
1,000
1901
1,000
1901
1,000
Extension bonds
Elmira State Line Railroad 1st mortgage, guar
Toledo A Ohio Central—let M., g. (V. 53, p. 436). Ce
Western Div. 1st mort. for $2,500,000, gold.N.o* Text.
General M. (V. 62, p. 594) ($2,000,000), g. Ce..o* 335
61
o*
8t Mary's Dlv. IstM., g., $500.000. IWo
61
do
1st pref. inc., $500,000, non oum.4%.Sr
Car trusts, Deo. 31, 1903 (prlnolpal due monthly)
Guaranteed Bonds.
1901
K.&H.C.&C.M.g.$3,500,000s.f.red.ll0af.'llWo
1902
Oont. Coal, 1st M., g., s. f., red. 110 af. '12. S
Kanawha A Michigan Ky.— See that company.
1888
Tol. A O. C. Ext. IstM. (foreclosed), Int. only gu.
$175,000
239,500
265,000
160,000
230
Deben. scrip (eeoured by 1st M. coups, in trust)
Toledo Ry. <t Terminal - 1st mort., $3,500,000, gold
Toledo St. Louis dt Western— Com. stooK, $10,000,000
Preferred stock, 4 p. c, non-oum., $10,000,000..
F. c&r
Prior lien mort., $10,000,000, gold
1st M.. g.. £6,500,000, red. aft. July,1925.Col.oAr
toledo Saginaw <£• Muskegon— 1st mortgage
Toledo Walhonding Val. £ Ohio— Stock, $4,000,000
1st mortgage ($20,000 ) A, g«. p. <fc Lend. Fo*
do
c">
per mile), $4,000,000, >B,
do
o*)
gold
)C,
Tor. Earn. «fi Buff.— 1st M., g., $40,000 p. m. A B.c*
Transylvania— 1st M., g., $160,000, gu. p.& i.end.o
Trav. Oily Leel. a Man.— 1st M., $300,000, g... c<kr
Traverse City RR.— First mortgage, gold.
Troy <& Oreenbush— Stock, 7 per cent rental, N.Y.C.
West— IstM.,
Tioga
g.
J.
5g.
F.
1887
1,000
1,000
1,000
300,000
4,895,000
220,275
3,000,000
9,995,000
10,000,000
9,000,000
6,500,000
1,662,000
3,000,000
1,500,000
978,000
1,453,000
3,280,000
160,000
300,000
250,000
275,000
-
451
451
96
234
i
234 <
(
88
32
30
26
6
100
100
1900 1.000&0
1900 l.OOO&o
1,000
1888
100
1891
1,000
1893
1,000
1902
1,000
1896
1,000
1899
1,000
1902
1,000
1883
1,000
50
,
RR.
RR.—See Supp.
of July, 1894.
and $189,700 preferred; par $50.
Toledo <fc Ohio Central Ry.— (See
Lines owned.
Miles.
Toledo to Bremen
173
Alum Creek to Truro June
4
New Lexington to Corning
13
Whitmore to Thurston
145
Peo, to St. Mary's,V.73, p. 660. 61
common, $391,200,
Stock,
Map)—This road includes:
Trackage C37 miles.)
In Toledo (L. S. A M. S.)
Miles.
1
Bremen to New Lexington
11
To Chaunoey A to Carrington 28
•
436
Total operated
Kanawha&Mioh. (which see).. 177
Total owned
396
In June, 1901, the Hocking Valley Ry. had acquired all except
$54,100 of the 16,500,000 common and $11,600 preferred stock of
the $3,708,000 in exchange for 70 per cent of Hooking Valley stock
of the same class.
V. 69, p. 1347; V. 71, p. 810. See also Hocking
Valley item, V. 69, p. 1345; V. 71, p. 865. Operated separately.
Dividends.— On common: In 1891, 2 p. c; 1892, 4; 1893,2. On
pref. April, 1890, to July, 1896, Inclusive, 5 p. o. yearly.
Bonds.— Western Division mortgage covers the road from Toledo
to Truro Junction, 139 miles, and also (subject to the first mortgage of 1885) the rest of the property. See V. 55, p. 322. 545, 590. 625.
The Toledo & Ohio Central guarantees the principal and interest of
the Kanawha A Michigan first mortgage bonds (see that company) and
Jointly with Hooking Valley Ry. the K. <fc Hock. Coal <& Coke bonds
(see V. 74, p. 271; V. 77, p. 2393) and ^Continental Coal Co. bonds (V.
75, p. 499); also gnar. int. only on $300,000 T. & O. Cent. Ext. 5s
(foreclosed). Special equipment and betterment loan June 30, 1903,
$572,304. St. Mary's Division bonds cover line from Peoria, O., to St.
Mary's, 61 miles, acquired in March, 1901. V. 72 Lp. 284, 628
Gross.
Net.
Fixed
Dal., incl.
Earnings. — 8 mos.
earnings.
earnings.
charges. other income.
July 1 to J1903-4 ..$2,480,077
$547,082 $315,673 sur.$301,178
Feb. 29.. 1 1902-3... 2,108,688
402,440
320,578 sur. 94,410
Annual Report.— Report for 1902-3 was in V. 77, p. 1290 Of total
tonnage, 68 p. o.in 1903 was bituminous ooal.
Fears end. June 30—
1003.
1902.
1901.
1900.
Gioss earnings
$3,446,747 $2,877,659 $2,571,722
$2,368,912
Net earnings
907,063
705,556
720,582
832,902
Other income
31,937
17,589
7,424
13,189
Total net Income..
Interest, taxes, etc..
Bal. for year.
Pres., N.
$939,000
613,575
$723,145
583,540
$728,006
517,651
$846,091
484,536
..sur.$325,425 sur.$139.605 sr.$210,355
sr.$361,555
p. 731; V. 77, p. 825, 1290.)
Monsarrat.— (V. 75,
Toledo Peoria
Ry
Ac Western
.--(See Map of Pennsylvania RR.)
Eflher, Indiana State line, to Warsaw, 111., 220 miles La
Harpe to Iowa, 111., 10 in.; Jointly with Wabash, 1 mile; trackage to
Peoria and Burlington, la., 17 m.; total, 248 miles.
—Owns from
;
Organization.— In 1894 Joint ownership and management by Pa.
RR. and 0. B. & Q. was arranged. Stock $4,500,000 (par $100), of
which $423,100 in treasury in 1903. Mort. abstract, V. 45, p. 242.
In October, 1894 (3 coupons), were paid $5 in oash and $15 in debenture scrip. (See V.61, p. 514.)
Equipment trust Oct.. 1903, $289,534; bills payable, $331,191.
EARNING8.-9 mos.) 1903-1
Gross, $1,002,701: net, $223,588
$1902-3
... Gross.
933,071; net, 225,944
Burp, over 9 mos. charges, $15,829 in 1904, against $23,104 in 1903.
Anndal Report.— Report for 1902-03 in V. 78, p. 45:
Tear.
Gross Eam'qs.
Net Revenue, Ini
Taxes. Balance.
1902-03
$1,239,973
$273,149
$270,305
$2,844
1901-02
274,078
1,152,034
271,823
2,255
-(V. 74, p. 91; V. 75, p. 612; V. 77, p 770; V. 78. p. 45.)
Toledo Ky. Ac Terminal C«>.— Owns a single-track bolt road,
28-5 inileH in length, opened Oct..
190.'*, around
lie city and suburbs
(including two bridges across the Mauinee River), connecting with 16
roads entering the city, with 2'.j mile branch lo terminal station; total,
31 miles; to tie double-trucked later. Facilities will be used by the
Toledo A Ohio Central, Tolodo Angola* Western and Detroit A Toledo
Shore Line, cars being also Interchanged and handled for all the steam
lines entering the city and various electric lines. V. 73, p. 617; V. 77,
i>. 770.
In Aug., 1902, the Toledo Angola & Western Ry. was incorporated with $300,000 stock to build from Toledo to the Indiana State
line. V. 75, p. 291.
StocK authorized, $5,000,000; outstanding, $2,-
July
1
to Mar.
:J1
.
1
.
i
A.
3,000,000
2,750,000
St T.,
& Birmingham
A.
7
1,000
1,000
Tex. & Pac to Winns72 miles. Stock, $79,980. Bonds outstanding,
$225,000 first 30-year gold 5s, dated July 1, 1902, int. J. & J. In July,
1903, the Texas RR. commissioners authorized $199,000 additional
bonds. V. 77, p. 148. Collateral trust 3 year 7*2 p. c. gold certificates
($375,000 authorized issue) dated July 1, 1902 ($1,000 each) subject to
oall at par, each certificate being secured by deposit of $2,000 of the
1st 5a; outstanding, $160,000: U. S. & Mexican Tru»t Co., trustee.
See V. 76, p. 159. In Feb., 1903, the RR. Commission approved issue
of $226,000 bonds for extension and improvements in and near Marshall. V. 78, p. 769. For year ending June 30, 1903, gross, $1 12,239;
net, $28,603.
President, L. E. Walker, Kansas City, Mo. Office, Marshall, Tex. - (V. 77, p. 148; V. 78, p. 769.)
Tlfton Thomasvllle Ac Gulf Ky.—Merged onDec. 3. 1903, with
Atlantic
M.
J.
Texas Sontliern Ky.— Marshall, Tex., on
boro, on the M. K.
J.
<f.
5
5
Whom.
Payable
Cent.
3,000.000
5g.
2,500,000
f g
2,000,000
425,000
500.000 Oct. 1, if
981,315
5 & 6
....
<£
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and by
1902
(for $5,000,000), g.c*
Toledo Peoria
[Vol. lxxviii.
g.
$*
A.
&
A
A
A
&
A
A
&
F.
do
do
do
&
&
June
do
do
do
Due
Stocks—Last
Dividend.
J N.Y.,U.S.Mort.<fc Tr.Co. Jan. 1,
N. Phil.,Newbold's8onACo Nov. 1,
O. Elmira.ChemungCo.Bk. Oct. 1,
do
do
Oot. 1,
O.
J. N. Y., Central Trust Co. July 1,
do
do
Oct. 1,
O.
D.
A.
earned.
M'nthly
J.
Boiuls— Pr lliolpal, When
Feb.
Feb.
1,
1,
1,
1921
1915
1905
1905
1935
1935
1935
1951
1951
To Aug. 1,*08
P.Morgan & Co. July
J. N.Y.,J.
do
A.
do
Feb.
A N.i
A J. N. Y., Am. Ex. Nat. Bk.
N. Y., Farm. L. & T. Co.
Jan.
F. A A. Commonw. Tr.Co., St. L.
M.
J.
Nov.
July
Jan.
1,
1,
1951
1952
1,
1,
1,
1,
1938
1917
1905
1942
Feb.
4*2 g.
To be in voting tr ust for five years.
To be in voting tr ust for five years.
3*3 g. J. A J. N. Y., Cent. Trust Co.
July 1, 1925
do
do
Apr. 1, 1950
A. A O.
J. A J. All owned by Gr. Trunk July 1. 1918
All owned by Penn. Co. Dec.31,'03,4%
4^g. J. & J. N.Y., Farmers' L'n A'Tr. July 1, 1931
do
do
July 1, 1933
4*3 g. J. & J.
do
do
S.
Sept. 1, 1942
4g. M.
N. Y., Bost. & London. June 1, 1946
4
J. A
5-4
M. & N. Merc. Trust Co., Pittsb. May 1, 1919
A. & O. Union Tr. Co., Detroit. Apr. 1, 1952
5
&
D
A
3
J.
7
J.&D.
J.
jj
N.Y.,Winslow,Lan. A Co Jan. 1, 1933
Dec. 15'03,3»s
Troy, N. Y.
500,000. In Feb., 1902, made a mortgage to the Commonwealth Trust
Co. of St. Louis to seoure $3,500,000 bonds. V. 74. p. 1140. President,
H. E. Klng.-(V. 75, p. 1355; V. 77, p. 452, 629, 770.)
Toledo St. Louis Ac K.
See Toledo St. Louis A Western below.
Toledo Saginaw Ac IWnskegon Ky.— From Muskegon, Mioh.,to
Ashley, Mich., 96 miles. The Grand Trunk of Canada owns ue $1,600,000 stock; bonds have a traffic guaranty. V. 71, p. 85; V. 72, p. 338.
Oal. Tear. Gross.
Interest.
Net.
Deficit. Traf. guar.
C—
1903
1902.
-(V. 71,
$141,715
133,895
$14,479
2,743
$83,100
83,100
$68,621
80,357
$13,342
13,342
p. 31, 85.)
RR.—
St. Lonls Ac Western
Road—Owns from Toledo
to East St. Louis, 451 miles (61 ^ and 70 lbs. steel); sidings, etc.. 107
miles; also has trackage to St. Louis and Toledo Union depots. Owns
jointly with the Grand Trunk Western Ry. all the stock of the Detroit
Toledo Shore Line Ry., Detroit to Toledo, 51 miles.
Organization.— Successor of the Toledo St. Louis A Kansas City RR.
foreclosed per plan V. 70, p. 1196. Took possession in August, 1900.
Voting Trust.— Both classes of new stock will be vested for five
years in the following voting trustees Frederio P. Olcott, Thomas H.
Hubbard and William A. Read, who may sell the stock at any time,
subject to the approval.of a majority of each olass.
Bonds.— Of the prior lien 3^8 $1,000,000 is reserved to be issued
after Januaryl, 1902, at not over $250,000 per annum. Additional
first mortgage bonds, not to exceed $10,000,000, may be issued at any
time to retire the prior lien bonds. The Detroit A Toledo Shore Line
4s (present issue, $2,000,000) are guaranteed, principal and Interest,
jointly with the Grand Trunk Western Ry. V. 76, p. 655.
Report.— For year ended June 30, 1903, was in V. 77, p. 1530.
Pineal
Gross
Net
Other
Bond
Balance,
Tear, earnings,
earnings income, interest.
Taxes,
surplus.
1902-03..$3,111,358 $854,382 $9,556 $575,000 $117,000 $171,638
1901-02.. 2,640,880
725,447
9,643
575,000
104,400
55,690
Officers. -Chairman of the Board, Wm. A. Read; President, T. P.
Shonts; Sec. and Treas., Joseph H. Seaman.
Directors— William A. Kead (Chairman), F. P. Olcott, Henry Rudgp, Thos.
H. Hubbard, Chas. H Tweed, J Crosby Brown. J. J. Emery, C. S. W. Packard,
BenJ. Norton, Edwin Hawley and H. S. Huntington.
Office, 44 Pine St., N.Y.-(V.77,p. 1295, 1530; V. 78, p. 49, 230.)
Toledo
&
:
Toledo Wallionding Valley
Ac
Ohio
RR.—Owns
road in
operation from Toledo Junction to Toledo, O., 80 miles, and from
Loudonville to Coshocton. O.. 45 m.; 8andusky to Columbus, 109 miles,
purchased Oct., 1902, (V. 75, p. 907, 982, 1088). Total owned, 234
miles; trackage (Pitts. Ft. W. A C.) to Mansfield, O., 7 m.; total, 241 m.
Lease, Etc.— Leased for net earns, to the Penn. Co., which guarantees the bonds and owns all the capital stock.
Earnings.— For year ending Deo 31, 1903. gross, $2,277,205; net,
$250,261; other income, $81,195; interest, charges and imp'ts, $273,600; divld'e, $120,000; bal., def., $62,144.— (V. 75, p. 907, 982, 1088.)
Toronto Hamilton Ac Hullalo
Hamilton to Waterford,
Ont., 43 miles; Hamilton to Welland, 38 m.; branohes, 7 tu. (See V.
62, p. 319.) Under traffic agreement with N. Y. Central, Michigan
Central, Canada Southern and Canadian Pacific interest is praotioally
guaranteed. See V. 68, p. 475, and advertisement In Chronicle of
March 11, 1899. Of the stook, $2,500,000, 19 p. c. is held by Canadian
Pacirto and 51 p. o by N. Y. Central. V. 61, p. 753; V. 63. p. 359; V.
68, p. 475. 1134; V. 69, p. 29. In 1903 the company was authorized to
issue $1,000,000 bonds, debentures or debenture stock. V. 77, p. 351.
For calendar year 1901 gross, $491, lsl; net. *190.«79; int. on bonds,
$131,200; baL, surp., $59,679. V. 69, p. 29; V. 77, p. 351.
Trans-Alaskan.—V.73, p. 786. Trans-Canada.— V. 76,p.ll93.
Transylvania
Hendersonvllle to Eastatoe Ford, N. O, 33
miles; Toxaway to Lake Toxaway, 10 miles, completed July, 1903.
Stock authorized, $320,000; par $100; all outstanding. V. 68,
p. 926. Mortgage trustee is Mercantile Trust Co., Pittsburg. Bonds
are guaranteed, principal and Interest: by Toxaway (land) Co. of North
Car. V. 69, p. 182. Year end. June 30, 1903, gross, $42,388; net, $20,954; charges, $18,056; bal., sur.,* 2,898. Pres., B. B. Alsop, Pittsburgh;
Vice President and General Mgr., J. F. Hays, Brevard, N. O.
RR.—
RR.—
Traverse City Leelenaii
Ac
ITIanislique
KR.— Owns Traverse
City, Mich., to North port, 30 miles, completed June, 1903. An extension of Grand Rapids A Indiana Ry., which owns one- fourth of stock
and bonds and will operate the road under lease, the reDtal being the net
earnings, on adjustment of certain obligations. V. 76, p. 812; V. 78,
At Northport connection will be made by car ferry with
p. 1448.
Manistlque, on the Manistique Marquette A Northern RR., owned by
the same interests. V. 74, p. 777. Stock authorized, $500,000; par of
shares, *10(). The Union Trust Co. of Detroit is mortgage trustee.
President, R. R. Methoany; Treasurer, D. W. Kaufman; Secretary, B.
B. Metheany.— (V. 76, p. 812. V. 78, p. 1448.)
Traverse City
Owns road from Walton to Traverse City
Mich., 20 miles; opened in 1872. Leased in 1883 to Grand Rapids A
Indiana RR., but not included in the reorganization of that companv
in 1896. The Grand Rapids A Indiana has acquired nearly all the
$205,000 stook and all the $190,000 of 5 p. c. inoome bonds. V. 78,
p. 1448. Coupons 1st mort. all paid to Jan., 1904, incl.
For oalendar
year 1903 gross, $71,255; net, $6,934; Int. on bonds, $7,500.- (V. 78,
RR.—
p. 1448.)
>
Apr., 1904.
j
RAILWAY STOCKS AND BONDS.
I7M
171*
RAILWAY STOCKS AND BONDS.
[Vol. lxxviii.
»
RAILWAY STOCKS AND BONDS.
Apk., 1904. J
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MAP OF THE
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•SuSt.
Augustine
SLAT K A
Qainesvil
Sanford^.
Ley
asville
SOUTHERN RAILWAY
SYSTEM.
i
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iTahripa^
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sun
'MIAMI
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Southern Railway -owned op leased
Operated separately -Majority Stock Owned.
Other lines in which the Southern Railway is interested.
Principal Connections.
Trackage Rights
?
c
1
.
KAILWAY STOCKS AND BONDS.
1714
RAILROADS.
Miles Date Size, or
of
Far
of
For explanation of ooluuin headings, dec, see notes
Road. Bonde Value.
on first page of tables.
6*4
Tuseaioosa Belt— let mortgage, $100,000, gold.Kc
27
Tuscarora Valley— 1st mortgage,$150,000, gold...
31
Tuscarora RR., 1st M. (on ext.), $310,000, k.ITIp.c
Ulster <£ Delaware Stock ($3,000,000 authorized)
101
o*
Consol. M. for $2,000,000, gold.Ce
Refunding mortgage, $3,200,000.S
c*<fcr
20
Unadilla Valley— 1st M $200,000. g.. rod. 110.
Union Pacific RR.— Common stock,$196,178,700
Pref. stock, 4 per cent, non-oum., $100,000,000..
1st M. Ry and land prant, $100,000,000 g.VOLe.. 1,835
let 1. conv. M., $87,257,000. g., red. text.iUc.o-<fer 1,300
Union Pass.Depot.El Poso- 1st M.,g., §2*0,000 s.[f. ....
Union Springs <£ No.— 1st M„ $1,000,000, g., red..
.
United N. J. RR. <6 Oanal Co.— Stock, 10 p. o. guar..
General mortgage of 1 loan of 1908, gold
r
-i
'71 for $20,000,000, loan of 1923, gold
r
H n
(now 1st mortgage) } loan of 1929, gold
cfer rS §
CO °
c.fcr
FP, eeoures all loan of 1944, gold
.
,
-
.
•
^
I
equally.
J loan of 1951, g. p. & l.gu.
United Verde dt Pacific— 1st M., $300,000. Mo...
26
Utah Central— See Denver & Rio Grande
Utica d- Black River— See Rome Water. & Ogdens BURG.
Otica Chen. <t Susq. Val.— Stook,6 p.c.gu. by D.L.&W
97
Utica Clin ton <£ Binghamton Stock
1st mortgage, guar. p. & 1. by D. & H., end .No...
31
Valley (N. T.)— 8tock, 5 p. o. guar, by D. L. & W...
11
1st mortgage (for $500,000) F
11
62
f'alley ( Virginia)— let mortgage, $1,000,000
c
Vermont <6 Mass.— Stook, 6 p. o. guar, by Fitchburg
59
New bonds (see text) guar, by Fitchburg RR
Vermont Valley— Stock
24
let M„ with $500,000 Sul. Co. RR. stock as col..o'
24
IT $500 and $1,000.
—
.
100
100
1889
100
1881
1881
1,000
1,000
1903
1.000
100
50
1880
1,000
Pres., T. 8.
Moorhead.
30, 1903, $40,000.
Earnings. - For 6 mos. ending June 30, 1902, gross, $273,131; net,
$76,055; other income, $1,733; oharges, $80,805; bal., def., $3,017.
Yrs.end. June 30. Gross.
Net.
Other inc. Int., taxes, etc. Bal. .stir.
$216,460
$699,132
$159,332
$3,363
$60,491
V. 74, p. 42; V. 75, p. 78, 667, 1110.)
Vnadilla Valley Ry.— Owns road from Bridgewater to New
Berlin, N. Y., 20 miles. Extension from New Berlin to Oneonta, 33
miles, was proposed. V. 75, p. 1401. Successor to The Unadilla ValRy., sold in foreclosure Jan 4, 1904. Stock, $200,000; par of shares,
*100. V. 78, p. 104. Bonds, see table above; V. 78, p. 1499. Lewis R.
Morris is trustee. Year 1902-3, gross, $41,258; net Income, $14,338;
interest not paid. President. Lewis R. Morris. Office, 27 William St.,
N.Y.-(V. 78, p. 104, 344, 11G8 )
Underground
Electrie
Railways of London, Lim ted.—
V. 76, p 920, 974, 1031, 1250; V. 78, p 1499.
Union Pari lie Railroad.— (See Map.)—The
—
Lines owned directly
Council Bluffs to Ogden
Miles.
Controlled
Oregon Short Line RR., Granger, Wy., to Huntington,
Ore., Helena, Mon., to Fris-
1,012
Kaneae City to Denver
Denver to Cheyenne
Lasalle, Co.,toJulesburg
Other branches etc
640
106
149
..
HISTORY.— Incorporated
co, Utah, etc
1 ,22
Tot. mainline and br'nchs.3,128
11 See these companies.
system embraces
— Practically Owned —
I
|
Oregon RR.
Leased
Total
IT
& Navigation., fl
all lines
68
July 1,1903. 6,105
Utah July 1, 1897, to succeed per plan
p. 704,705, and V. 64, p. 424), the Unfon Pacitio
in
of Oct. 15, 1895 (V. 61,
Ry., as stated to N. Y. Stock Ex. in V. 66, p. 618; see also V. 67, p. 790.
In 1901-2 purchased $90,000,000 stock of the Southern PacitioCo.,a
strong working control. V 72, p. 243,284; V. 73, p. 446; V. 75, p. 136.
During the fiscal year 19001. $41,085,000 preferred and $37,023,000
Northern Paciflo common stock was purchased, the title Deing vested
In the Oregon Short Line RR. On Jan. 1, 1902, the Northern Paciflo
preferred stock was paid off at par and the common stock was
Increased and exchanged for $82,491,871 stook of the Northern Securities Co. and $8,900,007 cash. V. 75, p. 1096. See Northern Securities
Co., V. 73, p 1010, 1062, 1358; V. 74. p. 681, and General Finances
below regarding " participating " 4s of 1902.
Stock.— The preferred stock ie entitled to preferential 4 per oent
non-ouiuulative dividends, as deolared by the directors, and to no
other or further share of the profits.
In 1899 the stockholders authorized the increase of the common
stock from $01,000,000 to $96,178,700, and of the preferred stock
from $75,000,000 to $100,000,000 in order to complete the company's
control of the Oregon KR.
Navigation and Oregon Short Line RR.
On Mar. 24, 1901, the common stock was further authorized to be
Increased by $100,000,OCO to provide for the conversion at the option
of the holders of the 1st lien 4s of 1901. V. 72. p. 392. 628. In July,
1903, $12,743,000 had been exchanged. V. 73, p. 1360.
Dividends ip. o)— ) 1898. 1899. 1900. 1901. 1902. 1903. 1904.
On common
>
3*3
4
4
4
Apr , 2
On preferred
3*2
) 1*2
4
4
4
4
Apr., 2
Bonds.— The first mortgage (Mercantile TrustCo., trustee), covers the
1,854 miles composing the iormer Union Paul no ana Kansas Pacific
lines, including the telegraph, terminals, equipment, and, directly or
indirectly, land grants.
Statement to IS. Y. Stock Exch., V. 66, p. 618.
The first lien convertible 4 per oent gold bonds of 1901, limited to
amount shown above.ls secured by collateral formerly in the treasury,
including T27,:t:i 1.700 Oregon 8h. Line stook and $8,476,000 income
B bonds and $23,944,900 Or. RR. & Nav. common and $9,876,200
preferred stock, etc, and by first mortgage on about 1,025 miles of
branches. They are convertible at the option of the holder at any time
before May 1, 1906, Into common stock at par, and redeemable after
that date in whole or in part by the company at 102 *s per cent (in the
latter case to be ohosen by lot). To July. 1903, $12,713,000 of the
$100,000,000 originally issued had been exchanged and canceled.
V. 73. p. 1360. See abstract of mortgage V. 72, p. 1084. V. 72. p.
&
392,776.
Lands.—The
1st 4sof 1897 covered June 30, 1902, direotly or through
ownership 5,241,777 acres of land, situated in Nebraska,
Wyoming, Colorado, Utah and Kansas, the value of whloh was esti-
beneficial
& N.
F&A10
M.
&
&
F &
A. &
A. &
M.
J. &
A. &
J.
J.
<fe
Dividend.
N. Y., Knlokerb, Trust.
N. Y., Metropol. Tr. Co.
do
June
N. Y., Central Trust Co.
New York.
New Yojk.
1,
1,
1,
1918
1917
1928
June
1,
Oct.
do
July
July
1,
1,
1928
1952
1934
Jan.
120 B'way. Apr. 1,'04, 2%
do
do
Apr. 1,'04, 2%
do
do
July 1, 1947
do
do
May 1, 1911
New York.
1934
Bait., Intern'l Trust Co. May 1, 1931
Phlla. and N.Y., Offices. Apr. 10,'04. 2^a
Philadelphia Offloe.
Sept. 1, 1908
do
do
Feb. 1, 1923
do
do
8ept. 1, 1929
N. Y.,N. Bk.Com. & Phil. Moh. 1, 1944
do
do
Mch. 1, 1951
N. Y., Morton Tr. Co. Jan. 1, 1920
N.Y.
Office,
& W. RR. May, 1904, 3%
N. Y., D. L.
Utica, N. Y., On. N. Bk. Feb. 1, '04, 2%
J. N. Y., Security <fc Tr. Co. July 1, 193a
J. N. Y., Del. Lack. & West. Jan., '04, 2i*%
do
A.
do
&
Aug.
1,
1911
1.
1923
O.
O. All owned by B.
Oct. 1, 1921
O. Bost., 53 Devonshire St. Apr.. 1904, 3%
oo
N.
May
do
Bellows Falle.
Jan. 1, '04,3%
O. BoBton, 8. Dep. & Tr.Co. Oct. 1, 1910
J.
mated June
30, 1902, at $4,101,506; also further notes or contracts
sold aggregating $6,688,227, and the lands for which,
If not paid for, revert to the company.
See V. 67, p. 791. Total estimated value of lands aud land assets June 30, 1903, $10,148,152.
During 1902-3, 843,230 aores were sold for $1,491,682.
General Finances.—To provide for the purchase of Southern Paciflo stook and other properties, stockholders in 1901 subscribed at par.
to $100,000,000 first lien convert. 4 p. o. gold bonds. V. 72, p. 392, 3 40.
Stockholders of record Aug. 1, 1902, subscribed at 90 and Interest
to $31,000,000 Oregon Short Line RR. 4 per cent and participating 25-year gold bonds, secured by a like amount of Northern
Securities Co. stock; $10,000,000 additional bonds have been sold,
$13,500,000 are held as collateral for U. P. 5 p. o. notes (see below)
the remaining $27,991,000 issued being held in the U. P Treasury. See
description of bonds under Oregon Short Line RR., and abstract of
mortgage, V. 75, p. 243; V 75, p. 136, 395; V. 76, p. 384 In Apr., 1904,
liquidation of the Northern Securities Co. was pending. See V. 78, p.
1223, 1275, 1393. 1447, 1497.
In June, 1903, about 550 miles of the Oregon Short Line south of
Salt Lake City, including branches, was sold to the San Pedro Los
Angeles
Salt Lake Ry. for $7,800,000 cash. V.76, p.920; V.'7, p 38.
In 1903, $10,000,000 5 p. c. notes ($5,000 each) secured by $13,500,000 Oregon Short Line 4 p. c. and participating bonds were sold,
for lands
&
dated Aug. 1, 1903, due Feb. 1, 1905, chiefly, it was understood, for
Southern Pacific requirements for acquisitions and improvements.
The syndicate underwriting the loan have an option to purchase
the bonds.
V. 77, p. 148.
Expenditures on U. P. svstein for improvements and equipment during 3 years ending June 30, 1903, aggregating $39,223,423, see V. 77,
p.
1226. 2109.
Latest Earnings— For 8 months endinsr Feb. 29 on 5,356 average
miles, against 5,325 in 1902-3, after deducting taxes:
%
Gross Earnings.
Net Earnings.
July 1 to Feb. 29.
1903
1902.
1903.
1902.
Union Pao.System.$37,923,072 $33,522,977 $17,502,461 $15,409,199
Annual Report.— Fisoal year ends June 30. Report for 1902-3 in
.
.
.
V. 77, p. 2093, 2104 (see also editorial, p. 2063).
402 tons in 1902-3 against 418 in 1901-2.
1902-03.
5,762
...$51,075,189
Average train-load
1901-02.
5,710
Gross earnings
Operating expen. and taxes... 28,747,216
$47,500,279
25,559,226
1900-01.
5.686
$43,538,181
24,587,145
Net receipts
Income from Investments
$21,941,053
4,580,602
$18,951,036
1,059,243
Averagemiles
1,824
1,084
Whom.
Payable
4,000,000
6
849,285 See text.
800,000
5
750,000
5
400,000
5
750,000
6
3,193,000
6
Bee text.
3ifl
1,000,000
6
800,000
5
1,000
(The) Ulster & Delaware RR.— Owns from Kingston Point
(Hudson River), N. Y., to Oneonta, 109 miles, with branches, a total of
129 miles. V. 74, p. 42. Of refunding 4s of 1902 ($3,200,000 authorized
$700,000 have been issued, the $500,000 second 5s of 1899 being retired. V. 75. p. 667. There are also $1,400 7 p. c. 2d mort. inooine
bonds (int. F. & A.) due July 1, 1905. Loans and bills payable Nov.
p. 628;
Outetanding
-
&
1902-03
-(V. 72,
Bo nets-PrinciINTEREST OR DIVIDENDS.
pal, WhenDue.
R %?_ er When Where payable, and by Sloe ks— Last
Amount
1893 $1,000
$100,000
5 g. J. & D.
1897
150,000
J. & J.
1898
1,000
(!)
5 g. J. & J.
100
1,900,000
1888
1,000
2,000.000
5 g. J. & D.
1902
1,000
700,000
4 g. A. <fe O
1904 250 &c
200,000
4 g. J. & J.
100 108,772,900 4 in 1903 A. &, O.
100 99,560,100 4 in 1903 A. & O.
1897
100,000,000
4 g. IJ. & J
H
1901 l.OOO&c 87,257,000
4g. M. & N,
1904
i.oco
(?)
g
2
1901
1,000
75,000
M.10&N.
100 21,240,400
10
Q.-J.
1878
1,000
841,000
6g. M. * S.
1883
1,000
1,824,000
F. <fe A.
4g.
1889
1,000
6,020,000
M. & 8.
1894
1,000
5,646,000
4 g. M. & 8.
3i* g. M. & S.
1901
1,000
5,669,000
1896
1,000
300,000
6
J. & J.
Troy
Greenbush RR.— Owns from Troy to Albany. 6 miles
double track; leased to N.Y. Central in 1851 at 7 p.o. on $275,000 stook.
TuscalooNji Relt Ry.—Owns about 6^ miles of Belt road in
Tuscaloosa, Ala., and suburbs. Capital stock authorized, $100,000;
issued, $26,000 ($100 shares.)
General Manager, J. W. Woolfolk,
Tuscaloosa, Ala., or 35 Nassau Street, New York.
Tmcarora Valley RR.—Owns narrow-gauge road (3 ft.) from
Port Royal to Blair's Mills, Pa., 27 miles, proposed to be changed to
standard gauge during 1903. Stook. $300,000; par, $50; outstanding,
$150,000. Year ending June 30, 1903, gross, $26,597; net, $7,620;
interest and taxes, $8,961; bal., def., $1,341.
-(V. 67, p. 1162.)
[Vol. lxxviit.
$22,327,973
4,647,843
Total Income
$26,975,816 $26,521,655 $20,010,279
Fixed charges
$11,675,703 $11,989,480
$7,442,188
Int. on Or. ShortL. lnoomes....
$23,470
$28,926
$33,034
Dividends on
492
Ore. RR. & Nav.pf held by pub
654
1,376
—
Union
do
Paciflo pref ..
do
.•
common
.(4%)3,982,064 (4)3,981,552 (4)3,979,580
(4%)4, 350,612 (4)4,205,082 (4)4,000,014
Balance, surplus
$6,943,474
$6,315,961
$-4,554,087
Officers, Etc.— (July. 1902.)— President, E. H Harriman; V-Pres..
Win. D.Cornish; Gen. Mgr., W. II. Baueroft; See, Alexander Millar;
Treasurer, F V. S. Crosby: Directors, H. G. Burt, Winslow 8. Pierce,
James Stillmau Marvin Hughltt. E. H. Harriman, Thos. T. Eokert,
James H. Hyde, Otto H. Kahn, T. Jefferson Coolidge Jr., George J.
Gould, Oliver Ames, J. H. Soliiff, Louts Fitzgerald, Chas. A. Peabody
and H. H. Rosers.
Office, 120 Broadway, N. Y.-(V. 78, p. 1224, 1276. 1393.)
Union Paasenger Depot Co.. Ill Paso, Tex.— V. 78, p. 704
Union Spring* A: Northern Hy.— Owns Union Springs to Fort
Davis, Ala, 7'j miles. Bonds are subject to call on and after May
1,1906. at 108; International Trust Co. of Baltimore is mortgage
President, W. M. Blount; Treasurer, J. M.
trustee. V. 76, p. 753.
Elly. Office, Union Springs, Ala, - V. 76, p. 753.)
(
Union Terminal Ry. of Sioux City.— Owns terminal road at
Sioux City, la.; total track, 13 miles. Incorporated June, 1900, as
successor of the Sioux City Terminal Ry. & Warehouse, sold In foreV. 70. p. 1292. Operated by the oompany Itmade for switching on a wheelage basis. Stock,
which $1,870,250 outstanding, all issued to the old
$2,500,000, of
bondholders. Over two thirds of the stock has been deposited in a
voting trust for five years. V. 71, p. 31. No bonds. Pres., Sydney L.
Wright; Sec, Walter T. Bilyeu, 514 Walnut St., Philadelphia; Treas.,
Adam A. Stull, 505 Chestnut St., Philadelphia— (V. 71, p. 31.)
closure Auk. 22, 1899.
self
,
oharges being
New
Jersey Railroad <V Canal Co.— (See map PennUnited
sylvania R. R.) With other properties operated in connection therewith forms an important system of roads in Northern New Jersey, extending from Camden to Amboy and from Philadelphia to Jersey City,
with branches and connections, a distanoe of 467-31 miles; Hudson
River ferries to Now York. 1 mile, aud Del. & Raritan Oanal from
Bordentown to New Brunswick and feeder. 66 miles. Phil. & Trenton
and Belvidere Del.— whloh see— are principal leased lines.
Lease.— Leased in June, 1871, to the Pennsylvania RR. for 999 years;
rental equal to 10 p. o. on stock. Interest on bonds, taxes, etc
Earnings.— For year ending Dec 31, 1902, gross, $26,582,639; net,
$7,742,367; other inc., $253,543; Int., rentals, improvements, etc,
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1715
.
.
;
RAILWAY STOCKS AND BONDS.
1716
RAILROADS.
Miles
Date
Size, or
Amount
Par
of
of
For explanation of column headings, &o., see notes
Outstanding
Road. Bonds Value.
on first page of tables.
Vicksburg & Meridian— See Ala.
—
& Vicksbubg.
Com. stock, $3,000,000
Tick. 8h. dPac. Ry
Pref. stook, 5% non-onm., $2,200,000
F
xo'
General mortgage, $3,500,000.
c*
V. 8. <fcPao. RR. prior lien mort, gold.Ce
Virginia Midland—See Southern Railway.
Va. dt 8outtiw.—lBt M.. $2,000,000, gold, gu.Itto..
Wabash R.— St.L. ,K AN.on St. Charles Br'ge, g Ce<v
Wabash 1st mortgage, gold, v$34,000,000)..Ce.c*
c
2d mortgage, gold. OTp
Deb. M..ino.,non-oum.,ser.A,red.par to'09.Me
red. HI c
Do do Inc. non-cum., series B, not
Det. & Chlo. Exten. 1st M.,g.,s.f.,red. HO.Ce.c*
DeeMoinesDiv. 1st M., gold, $1,800,000. N...O*
Tol. & Oh. Div.
gold, $3,000,000. K.-.c&r
o&r
Omaha Dlylslon, $3,500,000, gold.B
1st Uen terminal mort., $10,000,000. gold. Bo*«ftr
o&r
Equipment bonds, $3,000,000 s. f.N
J Three-year[collateral notes,!red. 101 after 1 year
Kan 8. C. Exo. Bp. & Nor. M.,g., guar. (V.72,p 185)
Columbia
8t. Louis, $300,000, g., gu. p.&l.SSl
1901
1885
136
9
22
41
42
65
1878
1888
1893
1,000
1,000
1,000
33
33
1877
1877
1,000
1,000
1,542
1,009
1,542
1,542
150
97
..
,
144
Leased Line Bonds—
& O.
1st M. (option, V.75,p.l033)
Western—1st mortgage, gold..o*
c*
let oonsol. mortgage, $1,000,000, gold.SSt
Wallkill Valley—Stock, 3 1* per cent, guaranteed...
1st M. (formerly 7s) guaranteed
2d mortgage Income, 3*2 per cent, guaranteed...
Coun.
Bl.
Wabash Chester
—
<t
1,000
1,000
p. 682.)
Utloa,
N.Y., to Greene, N. Y., 75 miles branoh to Rlohfleld Springs, 22 miles
Leased to Delaware
total, 97 miles. Road opened Ootober, 1872.
Lackawanna <fc Western at 6 per cent on stook. Has no bonded debt.
;
Blnghamton RR.—Owns Utloa, N. Y., to
ITtlca Clinton
Randall ville, N. Y., 31 miles. Leased during continuance of oharter
and renewals thereof to Delaware & Hudson Company, whloh
pays rental of $61,500 per annum. Operated by New York Ontario &
western. The street lines owned are leased to Utloa & Mohawk Valley
By. for $15,000 per annum. Capital stock, $849,285 (par $100),
dividends on $200,000 of whloh are guaranteed by Del. <fe Hudson
at 5% per an.; balance variable, 3% p. o. paid in 1898 to 1903, incl.
Valley (N. Y.) RR.—Blnghamton, N. Y., to State Line of Penn.,
11 miles. Leased to Delaware Lackawanna & Western at 5 per cent
per annum on stock, the lessee assuming the interest on bonds.
Velasco Brazos
Northern Ry.—See page 1747.
&
&
RR.—V. 78, p. 344, 769, 1110, 1168.
RR.—Road, Fltohburg to Green
&
Vermont
Massachusetts
Sc
Pacfic
Mass., 56 miles of double track; branoh, 3 miles. Leased to
Fitchburg RR. for 999 years at 6 p. o. on stook New bonds for $772,000
may be issued to refund the 5s due May 1, 1903, etc.— ( V. 76, p. 812.)
Vermont Valley
Owns Bellows Falls to Brattleooro,
Vt, 24 miles. Controls the Sullivan County RR., Bellows Falls to
Windsor, Vt., 26 miles. Operated by Boston <& Maine. V. 76, p. 214.
Earnings of Vermont Valley for year ending June 30, 1903, gross,
$305,821; net, $57,860; dlv. on Sullivan Oo. RR., etc., $49,180; total
net, $107,040; Interest, taxes, etc., $47,008; dividends paid, $60,000;
balance, surplus for year, $32.— (V. 65, p. 867; V. 76, p. 214.)
field,
RR.—
Vicksburg Shreveport
&
Pacific
Ry.—Delta,
La.,
on Miss-
issippi River, via Shreveport, to Texas line, 188 miles. Of this, 17 miles,
Shreveport to Texas State line, Is leased to Sherman Shreveport
&
Southern (Missouri Kansas & Texas system) for 25 years from July
28, 1900. Successor on May 1, 1901. to V. S. & P. Railroad, foreclosed, per plan V. 72, p. 628, 676; V. 77, p. 38.
Stock, Etc.— Of the $3,500,000 general 5s, $1,323,000 are reserved
to take up at maturity the prior lien 6s and $605,000 for future requirements. On pref. stook, 1902 and 1903 5 p. o. yearly; on common,
2i« p. c, paid Nov. 30, 1903. V. 77, p. 2282.
Earnings.— From July 1 to Mar. 31, gross. $1,125,105 in 1903-4;
$959,002 In 1902-3. Report for 1902-03 In V. 77, p. 2095.
Tear.
Gross.
Net.
Other \ic.
Interest.
Bat., Bur.
1902-3. .$1,268,522 $370,988
$11,633
$157,980
$224,641
1901-2.. 1,080,252
315,668
6,252
155,822
*166,098
* Dlv. of 5 p. o. ($107,140) on pref., was paid Sept. 1, 1902.
—(V. 73, p. 1 1 57; V. 75, p. 1 1 99; V 77, p. 38, 2095, 2282.)
Virginia de Southwestern Ry.— Owns from Bristol, Va., northerly to Big Stone Gap and southerly to Mountain City, Tenn., 134
miles.
Stook, $2,000,000. all oommon. of which half owned by
Virginia Iron Coal & Coke Co. y&ee miscellaneous companies in
this Supplement), whloh guarantees the bonds unconditionally,
principal and interest, per plan V. 75, p. 348, 398, 736. See V. 76, p. 273.
Earnings-8 mos. > 1903-4
Gross, $422,883; net, $134,669
July 1 to Feb. 29 < 1902-3
Gross, 388.752; net, 164,058
Year ending June 30, 1903, gross, $614,747; net, $236,388; interest,
$100,000; taxes, $12,000; bal.. but., $124,388— (V. 76, p, 273.)
Wabash Kail road.— (Sre Map.)— Embraces lines as follows, viz.
Oums East of Miss. River. Miles.
Owns West of Miss. River.
Toledo, O., to East Hannibal,
Moberlyto Ottumwa, la
131
Camp Pt. and Elvaston, HI. 536 Salisbury to Glasgow, la., eto 15
Dooatur, HI., to E.St. Louis.. 110 Des Moines to Moulton, la.
95
Juno, near Chicago to EffingBrunswick, Mo., to Council
ham and Altamont, 111
216
Bluffs, la
225
Streator to Falrbury
31 Excelsior Spr. to Mllw. Juno.
9
.
Edwardsvllle Branoh
8
Delrey ,near Detroit, to Butler 110
Total owned and leased
2,046
Montpeller, O., on line to DeTrackage, etc.
troit, to Clarke Junotlon,
Chicago to Clarke Junotlon.
26
near Chicago
150 Moberly to Hannibal (V. 69,
Attloa to Covington
15
P- 556)
70
Champaign to Sidney
12 East Hannibal to Qulnoy
17
Toledo to Montpeller,
60 7 short lines to Qulnoy, De.'
New Haven
to Butler, Ind...
River.
St. Louis to near Kansas City.
Centralla to Columbia, Mo ...
St. L. Levee to Ferguson, Mo.
Owns West of Miss.
26
275
21
11
troit,
&o
Other lines
Windsor, Ont., to
Grand
Buffalo...."
total July,
36
18
270
1903. ...2,483
Also 7 miles owned, but leased, not lnoluded above.
History, Aa-Suooessor In 1889 to the Wabash St. Louis
Dividend.
5
g.
M.
5g.
F.
6
6
5
J.
J.
J.
J.
g.
4g.
4 g. M.
3»3g A.
4
5
5
& J.
& O.
& N.
& A.
& J.
& J.
& J.
& J.
& 8.
& O
&
g.
J.
g.
M. <S 8.
Seml-an
g.
g.
J.
& J.
4g. M. & N.
6
J. & J.
5 g. J. & J
5 g. J. & J.
Q.-F
3*s
3^ J. & J.
3ifl
M. & 8
4
J.
N.Y.,Bk.ofMan.40Wall Jan.
N. Y., Office 195fB'way.
N. Y. Central Trust Co.
do
do
In Jan., '04 paid 3 p.
& Pacific
which was sold in foreclosure. See Supplement up to January 1889.
The Mo. Pac. system on Jan. 1, 1904. owned $8,500,000 pref. stook
and $5,435,000 debenture bonds, making $13,935,000 out of a total of
$82,000,000 stook and voting debentures. V. 78, p. 1110.
Lease.— Entranoe to Chloago 1b over Chlo. & West Indiana, of whose
stock this oompany owns $1,000,000 (dividends, 1896'04, 6 p. o. yrly.)
1,
1,
1,
1,
1,
Oct.
May
Feb.
2003
1908
1939
1939
1939
July
See text.
None ever paid.
N. Y., Central Trust Co. July 1, 1941
N. Y., Sec. & Trust Co. Jan. 1, 1939
N. Y., Knlcker. Trust Co, Mar. 1, 1941
N. Y. Bowling Or. Tr. Co, Oct. 1, 1941
New York.
Jan. 1, 1954
N Y Sec & Trust Oo. Moh. 1. 1921
c.
,
,
1907
St. Louis, Office.
N. Y., Office, 195 B'way
Jan.
May
1,
1,
1928
1942
N. Y., Offloe, 195 B'way
N. Y., Nat. Bk. Com.
July '94, pd. July 1, '96
N. Y., Or. Cent. Station.
July
July
Jan.
1,
1,
1,
1908
1918
1928
do
do
'04,
May,
do
do
Aug.
Aug.
*8
1,
1,
1917
1917
%
Capital Stock.—The stook is $24,000,000 preferred 7 p. o. non-cum..
outstanding, and $78,000,000 common, as lnoreased Mar 1904, of
which $28,000,000 has been issued; par, $100. V. 78. p. 704, 1224.
Holders of the "A" and "B* debenture mortgage bonds are entitled
to one vote at stockholders' meeting for every $100 of principal, and
to nominate one-half of highest even number of board of directors.
Bonds.—Abstracts of the mortgages of 1889 were in V. 49, pp.
170-273. The first mortgage covers all the lines owned both east and
west of the Mississippi at time of reorganization (1,542 miles); but
all
Chenango & Susquehanna Valley Ry.—Owns
Vera Cruz
Whom.
Payable
5*. J.
6g. A.
421,000
300,000
390,000
380,000
250,000
330,000
100
$5,813,209; dividends, $2,124,040; balance, surplus for year, $58,661.
Da 1901, gross, $24,330,588; net, $7,025,359— (V. 74,
Itica
Cent.
1902
1,000
2,000,000
1878
1,000
463,000
1889
1,000 33,011,000
1889
1,000 14,000,000
1889
1,000
3,500,000
1889
1,000 26,500,000
1891
1,000
3,349,000
1899
1,000
1,600,000
1901
1.000
3,000,000
1901 500 <fco.
3,000,000
1904 1000 &c
1,416,000
1901
1,000
2,755,000
1904
6,160,000
1901
500
100,000
1902
1,000
200,000
A
St. L.
Bonds— PnneiLNTERE8T OR DIVIDENDS.
pal,Wh>-n Due.
Rate per When Where Payable, and by Slocks— Last
$2,856,500 2»«ln'03 Yearly. N. Y., Cent! Trust Oo. Nov.30 '03,21a
Sept.30,03, 5%
do
do
2,142,800 5 In 1903 Yearly.
M. & N. N. Y., Farm. L. &Tr. Co. May 1, 194J
5
1,572,000
1,323,000
6g M. & N. N. Y., Central Trust Co, Nov. 1, 1915
188
188
.
M
$100
100
188
[Vol. lxxtiil
,
the second mortgage covers only 1,009 miles east of the river.
Debenture mortgage bonds, $3,500,000 are series A (pref. in respect
to interest payments only) and $26,500,000 series B. If series B bonds
are not presented at maturity, July 1, 1939, interest will continue
to be payable If earned. See stook above as to voting power.
Interest on ) 1890 to 1893. '94. '95. '96. '97 to '99. '00 to Jan., *04.
"A" bonds % 5 6 yearly.
1
6 yearly (J <fej.)
The Detroit <t Chicago Extension bonds cover 150 miles, completed
in May, 1893, from Montpeller, O., to Clarke Junotlon, 26 miles,
from Chicago. Mortgage is for $3,500,000; abstract in V. 54, p. 1049.
The Des Moines Division bonds of 1899 ($1,800,000 authorised) oover
96 miles, equipment costing $250,000, etc. Bee V. 68, p. 574, and advertisement in Chbon. March 18, 1899: also V. 69, p. 335, 796. 1248.
The Toledo <£ Chicago Division 4s of 1901 are secured by a first Usn
on extensions constructed in 1901 from Maumee, O., to Montpeller, 50
miles, and from New Haven, Ind., to Butler, 26 miles, and by a lien
subject to the Detroit k, Chicago ext. 5s on the present line from
Montpeller to Chicago, 150 miles. In Jan., 1901, also sold $3,000,000
equipment bonds. A sinking fund may retire $100,000 equipment
bonds annually at 108 for 5 years, then $150,000 for 10 years and
thereafter $200,000. V. 72, p. 185, 582. 822; V. 73, p. 567.
Omaha Division 3^8 cover Counoil Bluffs, la., to Pattonsburg, Mo.,
144 miles V. 75, p. 686.
Columbia <fc St. Louis RR., guaranteed bonds, V. 73, p. 338, 786,
1012; V. 74, p. 1040; V. 75, p. 686.
The $10,000,000 terminal gold bonds of 1904 will be issued to acquire
from time to time additional terminals at St, Louis and Kansas City,
Mo., Chicago and Quinoy, 111., Toledo, O., Detroit, Mloh., and other
places. In 1904 $1,416,000, covering freight terminals In St Louis,
were issued. V. 76, p. 436, 753, 1032; V. 77, p. 512; V. 78, p. 288, 1448.
General Finances.—In 1902 the Gould interests aoqnlred control of the Wheeling <fe Lake Erie, and will complete by July, 1904, the
Western Ry., from Steubenville, O., to Pittsburg, 60
Pitts. Carnegie
miles, forming in connection with the Wabash an independent route
to Pittsburg for the Missouri Pacific and associated lines. The two
roads, with others, will be merged and the consolidated properties
probably leased to the Wabash. V. 72, p. 776, 874, 1189; V. 73, p. 186;
Gould syndioate has aoquired the
V. 74, p. 1091; V. 77, p. 951.
Pittsburg and the Western Maryland RR. to obtain
West Va. Central
access to tidewater at Baltimore. See the two last-named cos. In
&
A
&
May, 1902, another syndioate acquired control of Ann Arbor RR.
V.
74. p. 1091, 1141; V.76, p. 544, 1032; V. 77, p. 148.
In April, 1904, $6,160,000 three-year 5 per cent notes were sold,
chiefly to provide for terminal facilities at Pittsburgh, the notes being
seoured by the entire stock and $6,600,000 of 50-year first mortgage
bonds of the terminal railway oompany.
In Maroh, 1898, began running trains into Buffalo, N. Y., using 246
miles of Grand Trank Ry. under Joint trackage agreement. The Wabash
Co will pay the Grand Trunk a rental commencing at $275,000 per
annum, to be lnoreased at the end of every five years by $25,000 a
year, until It reaches $350,000 per annum. Wabash alBO pay its quota
of cost of operation and maintenance. V. 68, p. 812.
Traffic.— In 1902-3 carried 9,691,514 tons; gTain furnished 1549 p.
c, bituminous coal 26-33 p. o.; lumber 5*65 p. c, and live stock 3 63 p. o.
Earnings.— 8 mos. ) 1903-4.
Gross, $15,561,082; net, $3,747,482
Julylto Feb. 29. $ 1902-3
Gross, 14,034,651; net, 3,925,873
For 7 months ending Jan. 31, 1904, net, $3,601,282; other income,
$187,380; charges, $2,838,899; bal., sur., $949,763, of which $949,208 was used for improvements, equipment, eto.
Repobt.— Annual meeting at 8t Louis second Tuesday In September.
Report for 1902-03 ta V. 77, p. 1223, 1289, 1305; editorial, p. 1196,
Tear ending June 30—
Average mileage
Gross earnings
Maintenance of way, &o
Maintenance of equip
Transportation
General
1903.
2,486
$21,140,831
3,700,962
3,114,664
8,611,278
488,759
Total oper. expenses
|$15,815,662
$5,325,167
Net earnings
(74-81)
Per ot. oper. exp. to earn'gs..
531,428
From rent of traoks, Ac
Total net income
Taxes
Track, bridge rent.,
Interest on bonds
Div. on "A" deb
Balance.
&0
1902.
1901.
2,483
2,367
$19,053,493 $17,554,464
2,918,4151
2,656,118 1 -iotkoa^r
1 <i »' J> '*» u*
7,829,959 f
442.944 J
$13,847,436
$5,206,057
(72-68)
$12,752,045
$4,802,419
(72-64)
418.155
343,836
$5,856,595
$664,703
1,751,229
3,034,513
210,000
$5,624,212
$627,930
1,620,066
2,964,757
210,000
$5,146,255
$586,199
1,496,849
2,760,571
210,000
aur.$196,150
sur.$201,459
sur.$93,136
Apr., 1904.]
RAILWAY STOCKS AND BONDS.
1717
r
:
RAILWAY STOCKS AND BONDS.
1718
RAILROADH.
Miles Date
Size, or
Amount
of
Par
of
For explanation of column headings, Ac, Bee notes
Road. Bonds Value.
on first page of tables.
W
p. o. perp., guar. D. L. A
1st consolidated (novfl st) mortgage
1st ref.M., $2,000,000, gold; gn. p. &l.F....c*Ar
Warren (N. J.)— Stock, 7
.
F
Washington Oent'i—lBtM., g., $15,000 per mile.K
Wash. <i Columb. River— 1st M., $2,500,000, g.F.O*
Income bonds, non-cum., $2,500,000 F
Wash, a F>-ank\—lBt M., $475,000, g., int. rental.
Washington Ohio <£ Western See Southern Rt.
Wealh.Min.Well* <£ No.— lstM.,gu.p.<fci.,end.text N
West Chester— See Pennsylvania RR.
West Jersey <& Sea Shore RR.— Common stock
Special guaranteed stock (West Jersey RR.)
Camd. AAtl. con. M. ($650,000 5s; bal.6scoup.)
West Jersey consol. mort. ($1,500 is scrip) . .r
19
$50
1875
1,000
1900
1,000
1898 500 Ac.
1895
1,000
1895
1,000
1899
1,000
23
1902
65
18
18
130
163
.
.
Woodstown A Swedesboro 1st mortgage
W. Jersey A S. S., let oonsol. M., aeries "A,"
o"
g.c*
o*
Gold, Series "B," $1,500,000, gold
West Shore— 1st M.,gu. p.Ai.,end.byN.Y.C.tJn.c&r
West Virginia Ventral <t Pittsb.— Stock, $25,000,000.
IstM., gold, $3,600,000 (V. 52, p. 204). Mp. ..c*
Piedmont & Cumberl'd, 1st M., int. rental, g.ITIe
Coal & Iron Ry.,lst M. V.71,p.ll66,sru..g
West Virginia <t Pittsb.—lBt M., g, red.UIe.Ba .C
MeBa
WesVn (Ala.)— lstM.,g.,gu.byC. Ga. andGa.RR.c
West. Maryl'd— New 1st M., $50,000,000, g.IWe.o*<fer
Gen. lien and conv. M $10,000,000, inc. 3 yrs.B
Leased Lines— See statementof eaob company.
79
128
11
310
310
479
132
29
45
159
132
-
a*
BR.—
Warren & Corslcana Pacific By.— See page 1747.
Warren RR,, N. J.—New Hampton Juno, to Dela. Bridge, N. J.,
18*8 m. Leased in perpetuity to Dela. L. & W. at 7% on stock and interest
In July, 1900, $2,000,000 3 ^s were authorized to retire the
$750,000 first 7s due Oct., 1900, and to provide for the $600,000 consols due Mar. 1, 1905, balance being for improvements. See form of
guaranty.— (V. 72, p. 628; V. 72, p. 45, 428.)
Washing-ton Central By.— Owns road. Cheney to Coulee City»
Wash., 109 miles branch from Coulee City to Adrian, 21 miles; total,
130 miles. Reorganization in Jan, 1898. Leased In 1898 to Northern
Pacific for 999 years at rental suffloient to pay interest on new 50-year
gold 4s, to be issued at $15,000 per mile. (See full particulars V. 66,
p. 953). The Nor. Paoiflc owns the entire $1,000,000 of capital stock.
(V. 67, p. 127, 691.)
on bonds
;
999,000
750,000
90,000
1,600,000
1,500,000
50,000,000
10,584.100
3.250,000
650,000
all of
the inoome bonds.
Earnings.— Year ending June 30, 1903, gross, $462,640; net (over
on lBt mort., $99,926; surplus for year, $4,043.
taxes), $103,969; int.
-(V. 66, p. 426.)
Washington County RR.-See Maine Central RR.
Washington & Franklin Ry.—See page 1747.
Washington Terminal Co.—V. 74, p. 529; V. 76, p.
594, 812;
(V. 77, p. 252.)
Wellington Grey & Bruce By.—V. 75, p. 1356; V. 77, p. 38.
Weatherford Mineral Wells & Northwestern By.— Owns
Weatherford to Mineral Wells, Tex., 23 miles. Extension is contemplated from Mineral Wells to Jacksboro and Graham, 70 miles.
Controlled by Missouri Paoiflo interests.
Stook, $100,000.
The
Texas & Pacific guarantees the bonds ($1,354,000 authorized issue),
principal and Interest, by endorsement.
V. 75, p. 908, 1356. See
form. V. 78, p. 844. For year ending June 30, 1903, gross, $77,785; net,
$36,453; annual interest charge is $25,000. President, George J.
Gould; Secretary and Treasurer, J. W. Boot.— (V. 75, p. 612, 908,
1356, 1401; V. 76, p. 160; V. 78, p. 50, 844.)
"West Chester
See Pennsylvania RR.
BR.—
West Jersey & Sea Shore RR.— (See Map
Pennsylvania RR.)
—Owns all the lines of the Pennsylvania System in Southern New
Jersey, inoludingline from Camden, opp. Philadelphia, to Atlantic City
(59 m.), Camden to Cape May, 81 m., etc; total owned 330 miles.
Organization.—A consolidation in 1896 per plan V. 62, p. 366, 871.
Stock.—Common stook authorized, $8,076,000, of whioh the Penn.
RR. held Jan. 1, 1904, $1,692,950. V. 67, p. 188.
Dividends.— On common in 1896, 2^ p.o.; 1897
to Mar., 1904, inol.
yearly (M. & S )
Bonds.— First consolidated mortgage is for $7,000,000. of whioh in
Jan., 1903, $1,840,000 were reserved for prior lien bonds when due,
and $2,060,000 for improvements, etc, V. 62, p. 1179. Mortgage
trustee, Commonwealth Title Insur. & Trust Co. Philadelphia.
EARNINOS.-2 mos., (1904
Gross, $421,354; op def., $24,812
Jan. 1 to Feb. 29. U903
Gross, 409,854; op. def.,
6,612
Report.— Report for 1902 was in V. 76, p. 1140.
Years end. Dec. 31.
1903.
1902.
1901.
1900
Gross earnings
$4,260,460 $3,893,799 $3,678,693 $3,490,457
Netearnlngs
945,475
1,002,391
918,943
934,276
In 1903 other inoome, $5,649; interest on funded debt, rentals
taxes, etc., $382,382; dividends at 5 p. c on common (and 6 p. o. on
speoial guaranteed) call for $253,843, leaving $314,900, all of whioh
was used for extraordinary expenditures and transferred to the extraordinary expenditure fund.— (V. 76, p. 1 140; V. 78, p. 1499.)
West Shore
(See Map N. T. Central <6 Hudson River. ;— Weehawken.N. J., opposite New York City, to Buffalo, N. Y., with branohes,
436 milps Syr. Ont. & N. Y. RR. (owned), Syraouse to Earlville, 43 m.:
total, 479 m. Successor of N. Y. West Shore & Buffalo, foreclosed.
Lease.— Leased in 1885 for 475 years to the New York Central A
Hudson and all earnings, Ac, inoluded in that oompany's report. The
$10,000,000 of stook is owned by the New York Central Company.
Bonds.— The bonds cover 479 miles of road, and also the terminals
at Weehawken. Abstract of mort. In V. 42, p. 176.— (V. 68, p. 332.)
5 p.
o.
RR.—
;
M.
A S.
3^g. F. A A
Q.-M.
4 g.
4 g. J. A J.
Payable
4
5g- J. & J.
5g. F. & A.
in 1903 M. & S.
J. & D.
6
5&6 J. & J.
M. A N.
6
M. & N.
6
4 g. J. A J.
3>flg. J. A J.
4
3^
J.
J.
5
5
(5)
&
&
&
&
&
&
A
g.
g.
g.
F.
g.
A.
4
F.
A.
4iag. A.
4
4
& W. RR.lApr. 15,'04,3i*
do
Inch. 1, 1905
do
do
Aug. 1, 2000
do
N. Y., Knick. Trust Co. Men. 1, 1948
N.Y., Farmers' L.&T. Co. July 1, 1935
July 1, 1935
as earned. See text.
Philadelphia, Pa.
Jan. 1, 1939
N. Y., Del. L.
N. Y., Mercant. Tr. Co.
Phila.,
Broad
do
do
do
do
do
do
J. N. Y.,
in '01 See text
6g.
1,000,000
4,000,000
1,543,000
25,000,000
10,000,000
St. Stat'n.
do
do
do
do
do
do
Co.'s office.
Bait.
J. N. Y., FirstN.Bk.
&
A. Bait., Hambleton & Co.
A. Balt.,Mer.Tr.ADep.Co.
O. N. Y.B.&O. Of .,2 Wall St.
O. N.Y. GuarantvTrustCo.
O. N. Y., Merc. Trust Co.
do
do
1,
1930
Mar.15,'04,21*
Deo. 1, '03, 3%
1911
1909
May
1912
July
1936
July 1 1936
Jan. 1, 2361
Mar. 25, 02, 2
July 1, 1911
Aug. 1, 1911
Aug. 1, 1920
Apr. 1, 1990
Oct. 1, 1918
Oct. 1, 1952
Oct. 1, 1952
July
Nov.
Gr. Cent. Station.
Check from
Aug.
1,
1,
1,
1,
West Virginia Central A Pittsburg Ry.— A railroad
and ooal
West Virginia in the upper Potomao region—the Elk Garden
Owns road in operation from junction near Piedmont,
W. Va., to Belington, W. Va., 102 miles Elkins Junotion to Huttonsville, 17 miles; Elkins to Durbln,45 miles; branohes to Elk Garden, Ac,
13 miles total owned, 177 m. Leases Pied. A Cumb. RR., 29 miles; 92
p. o. of its stook is owned; lease of 1899 provides for interest on
$650,000 5 p. o. bonds, 5 p. o. on $650,000 stook, etc. V. 69, v. 490.
Extensions.— The Coal A Iron Railway Co., whose entire stock
is owned and $1,000,000 bonds are guaranteed, was completed in Aug.
1903, from Elkins, W. Va., to Durbin, at the Forks of the Greenbrier River, in Pocahontas Co., W. Va., 45 miles, to a connection
with a branch of the Ches. A Ohio from Caldwell, completed in July,
1901. See V. 71, p. 860 and form of guaranty p. 1166.
As to Coal & Coke Ry., see that company. In 1903 a 110-mile line
was about to be built from Belington to a point near Pittsburg on the
Pittsburg Carnegie & Western Ry. V. 76, p. 1032.
History.—Main line completed in 1889. By acquisition of $2,700,000 oapital stock of Davis Coal A Coke Co., the Railway Co. has
acquired about 50,000 acres of excellent steaming and coking ooal
and nearly 700 ooke ovens; 107,095 aores of coal, iron and timber
lands are now owned and 1.764 leased, the mines producing about
5,000 tons of coal and 1,000 tons of ooke daily.
In 1902 control of the road was acquired by the Gould interests, 98
per cent of the stook being deposited as security under the Western
Maryland RR. mortgage of 1902.
Dividends ) 1889 to '94. '95 to '96. '97. '98. '99. '00. '01. '02 None
oompany
in
Coal Field.
;
;
(Per cent.)
Washington & Columbia Biver By.—Owns
road from Dayton, Wash., to Pendleton, Ore., 128 miles; branches, 35 miles; total,
163 miles. Stock is $3,000,000; par, $100. Additional first 4s
may be issued for extensions at $20,000 per mile. (V. 61. p. 70.) In
Feb., 1898, the Nor. Pao. By. purchased the entire capital stock and
A.15AO
7
4,952,050 5
104,000
1881
1,000
1879 500 &o.
1882
1,000
1896
1,000
1896
1,000
1885 l.OOO&c
100
1881
1,000
1886
1,000
1900
1,000
1890
1,000
1888
1,000
1902 1,000 Ac
1902
;
7
500,000
1,000
Officers.— Chairman of Board, Geo. J. Gould; Pres. and Gen. Manager, Joseph Ramsey Jr.; Vice-Presidents, O. D. Ashley, Edgar T.
Welles, A. C. Bird, Wm. H. Knight, Wells H. Blodgett; Treas., F. L.
O'Leary; Sec, J. C. Otteson.
Directors.— Messrs. O. D. Ashley, Thomas H. Hubbard, Edgar T. Welles,
James H. Hyde, Joseph Ramsey Jr., George J. Gould, S. C. Reynold*. John T.
Terry, Russell Sage, Wlnslow S. Pierce. Edwin Gould, Henry K. McHarg
and Cyrus J. Lawrence.
0(Hce.-195B*way.N.Y.— (V. 77, p. 1289, 1295, 1305,1875; V. 78,
p. 50, 288, 704, 1110, 1224, 1448.)
Chester, 111., to Mt. VerWestern
TV abash Chester
non, 111., 65 miles. Stock $1,250,000 par, $100. Coupons due July,
1894, paid July, 1896. For year ending June 30, 1903, gross, $125,936;
net, $51,053; interest on bonds, $34,500; taxes, etc., $6,186.
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Stocks— Last
Whom.
Dividend.
Payable
Cent.
$1,800,000
473,000
921,000
1,853,000
2,498,000
2,245,000
378,000
50
50
,
&
Outstanding
[Vol. lxxviii.
1 yearly. 1*2 yearly. 1
1
^a
2*s 3^ Mar., 2 since
for 1900-1 in V. 73, p. 661, showing
Other
Interest <t
Gross of
Net over
Bal. for
Railroad.
taxes.
income.
rentals.
div., etc.
5
Report.—Report
Year.
1901-02
1900-01
$1,311,531 $445,133 $665,080
$241,846 $868,367
1,182,181
433,924
604,398
150,750
867,572
From surplus above shown in 1901-02 were paid dividends (4 p. o,),
$411,282; bal., but., $457,085. Later earning are inoluded in those of
the Western Maryland. "Other inoome" includes profits of Davis
Coal A Coke Co. ($553,950) and real estate department ($111,130.)
Total ooal and ooke shipments for year 1900-01, 1,628,714 tons; in
1899-00, 1,775,250 tons; 1,492,238 tons in 1898-99.
Pres., Joseph Ramsey Jr., New York.— (V. 76, p. 384, 544.)
West Virginia A. Pittsburg RR.-fte Map Bait. 4 Ohio.)—
Clarksburg, West Va., to Riohwood, W. Va., 120 miles, with branch, 6
miles; also from Weston via Buckhannon to Pickens, 50 miles; total, 176 miles. Leased to reorganized B. A O. for 999 years from
Sept. 1, 1899, per plan in V. 67, p. 1310, for four per cent on the
mortgage, all exoept $10,000 bonds being stamped with an agreement
reducing the interest from 5 to 4 per oentand the B.& O. having option
to purohase bonds at par within 5 years on 60 days' notice. V. 69, p.
439. 646. Com., $2,500,000, and pref., $900,000, all deposited by Baft.
A Ohio under its own Pitts. L. E. A West Va. system mortgage.
Bonds.—First mortgage covers road and its equipment and 134,842
aores of timber, ooal and mineral lands in West Virginia.— (V. 71, p. 810.)
Western (The) Ry. of Alabama.— Selma to West Point, 132 m.
Georgia RR. and Cent. RR. of Ga. eaoh owns half the $3,000,000 stock.
Dividends ) 1894 to 1896. 1897. 1898. 1899. 1900. 1901. 1902. 1903.
(Per cent.) 5 2 yearly.
3
5
4
2
4
4
For year ending June 30, 1903, gross, $933,862; net, $364,716;
other inoome, $5,503; charges, etc, $263,876; dividends, $120,000.
Western Maryland RR.— Road—Baltimore toWilliam8port,Md..
etc, 92 miles. Leases— Baltimore A Cumberland Valley Railroad and
extension, Edgeraont to Shippensburg, Pa., 34 miles Baltimore A Harrisburg Railroad, Emory Grove, Md., to Orrtanna, Pa., 59 miles, and
branches, 6 miles western extension, 15 miles Potomao Valley RR.,
Williamsport to Cherry Run on the B. A O., 14 miles, and Porters to
York, 17 miles; Washington A Franklin Ry., Hagerstown, Md., to
Humbro, Pa., 19 miles; total, 258 miles main line.
History.— In June, 1902, the Gould Interests acquired from city of
Baltimore and others nearly all the stook. Extension to tidewater at
Baltimore is uuder construction and in time the road will be extended to the coal fields in Western Maryland, West Va. or Pennsylvania. An extension is being built from Cherry Run.W. Va., to Cumberland, Md., 65 miles, at a connection with the west Va. Cent A
Pittsburg. Of the latter's stock, 98 per oent has been deposited under
mortgage of 1902. See Bonds below and V. 75, p 186, 79, 31; V. 74. p.
938, §89, 1091; V. 75, p. 1304; V. 76, p. 544; V. 77, p. 197, 2340; V. 78,
;
;
p.
;
1111.
Stock.— Common stook, $60,000,000; outstanding June, 1903, oommon, $15,685,400; preferred, $324,000.
Bonds.—The new 1st 4s of 1902 (authorized issue $50,000,000)
cover the entire property and the stock of the proprietary and leased
lines; also 98 p. c of the [$11,000,000] stook of the West Virginia Central A Pittsburg and through the stook of the latter's subsidiary company, the Davis Coke & Coal Co., 100,094 aores of ooal land, 7.000
aores of iron ore lauds and ooal miues produoing about 2,000,000 tons
of ooal and coke yearly. Of $25,000,000 present issue, $21,500,000
will be used for purchase of the properties and equipment for the
Western Maryland and provide for Improvements, and $3,500,000 la
provided to build the 65-mile extension from Cherry Run, West Va., to
Cumberland, Md., to conneot the West Virginia Cent'l and the West-
—
..
>
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
RAILROADS.
Miles Date
I
Size, or
of
of
Par
For explanation of column headings, &o., see notes
Road.) Bonds Value.
on first page of tables.
Western N. Y. <& Pennsylvania— Stook (see text)
West. N. Y. & P. 1st M., ($10,000,000), gold. Tle.o*
o*
General M., $10,000,000, gold, see text.l'n
Income bonds, $10,000,000, gold, non-com. FPo*
Mortgages and ground rents payable
Western North Oarolina-See Southern Ry.
Western Pacific—1st mort., $50,000,000, gold.B.
Western Pennsylvania—See Pennsylvania RK.
Wheeling <£ Lake Erie—Com. stock, $20,000,000...
1st pref. stook, 4 p. c, non-oum., $5,000,000
2d pref. stock, 4 p. c, non-oum., $12,000,000
1st M., Lake E. Dfv., Bowerston to L. E., g WIe..o*
1st M. Wheel'g Div., $ & £ (2d on 187 m.)g.Ce.o*
Exten. and Imnr. mort. ($1,900,000), gold Ce..o*
lstoonsol. mortgage, gold, $15,000,000. 1?Ie...c*
Car trusts, Mch., 1901, pay'ble m'thly, qr. <fc ann.
Equipment bonds, $2,500,000, g.,s. f., see text. IHe
Wheel. Term— 1st M., $2,000,000, g., s.f.gu.p.&i.c&r
Whitc&Bl'k Riv. Val. lstM.$800,000,g.,int.gu.P.o*
White Pass <t Yukon— Stock £1,700.000
Consol. 1st mort. deben. stook, red. after 1920.
Mortgage debentures (navigation bonds) red
Wichita Falls— 1st mort., g., red. at 1C5, s. f.SSt.o.
—
—
With. Vol.— lstM.,in. red.to3% to July,'07g.ITIeo*,fcr
Wilkesbarre <& Eastern— See N. Y. SuSQ. & West.
Wilkesbarre <£ Scranton— Stook, 5 per cent rental.
N. Co.
First mortgage gold, guar. p.&i. by L. C.
Williams Valley 1st mort., $120,000 authorized..
Williamsport <£ No. Br.— 1st M., $750,000 g.FP.o*
&
WUm. Ooium.
Willmar
<£
<t
586
586
586
....
....
1,000
1,000
1,000
50
260
451
1886
1888
1889
1899
1,000
1,000
1,000
1,000
10
67
1902
1900
1900
1,000
1,000
••
i'.obo
£10
110
18
51
5
5
1900 £10, &o
1901
£100
1895
$500
1890
1,000
50
1888
1903
1901
1,000
500
1,000
&
;
600 miles; leases, 45 miles.
Organization.— Reorganization March 18, 1895 (per plan in Supplement of January, 1895), of the Railroad, foreclosed Feb. 5, 1895.
In 1900, the Pennsylvania RR. purchased $19,402,686 of the stock
at $9 per share, $9,144,000 income bonds at $300 per bond, and
on Aug 1, 1900, took the road over under lease, together with
the Allegheny Valley Ry. V. 71, p. 31, 85. V. 70, p. 843, 1096, 1150.
A new lease, dated Oct. 22, 1902, was made for 20 years from Aug. 1,
1903, to continue thereafter from year to year, subject to termination
at any time on 60 days' notice. V. 75, p. 1255.
Bonds.—Abstract of Western N. Y. & Pa. 1st mortgage In V. 47, p.
109. The general mortgage carried interest till April 1, 1897, at 2 per
cent, then till 1901 at 3 per cent and now at 4 per cent. On June
80, 1903, $395,000 income bonds were in the treasury.
Annual Report.— Report for 1902-03 was given in V. 78, p. 284.
f-Years ending June 80—
Year now ends Dec. 31.
Gross earnings
Netearnings
Other income
Gal. year.
p. 160,
1901-2.
$5,116,343
33,289
$4,764,331
$473,205
Net Income
-(V. 76,
1902-3.
$5,685,787
473,205
$33,289
$499,500
400,000
5 105,276
$119,953
434,029
$705,857
$499,500
400,000
119,183
16,150
281,121
Interest charges on 1st mortgage $499,500
400,000
Int. on gen. mtg. (see above)....
Taxes............................. ) 24."} 4RQ
"°>^" £7
Int. on real est. and equip, notes 5
647,635
extraordinary.
Balance, surplus
209; V.
704,932
925
def.$l,317,399 df.$l, 525,470 def.$610,097
77, p. 825; V. 78, p. 1499.)
"Western Pacific Ry.— Projected from San Francisco, Cal., via
Oakland, Stockton, Saoramento, Oroville and Beckwith Pass, Cal., to
Salt Lake City, Utah, 810 miles, with 440 miles of branches. Incorporated on Mar. 3, 1903, and took over the San Francisco Terminal Railway & Ferry, Stockton & Beokwith Pass Rv. and Sacramento & Oakland Ry. See V. 76, p. 655, 867, 1194. In July, 1903, the Western
Pacifio Construction Co. was organized with $30,000,000 authorized
stock to build the road. V. 77, p. 38. In Feb., 1904, the Alameda &
San Joaquin RR Stockton to Tesla, Cal., 30 miles, was acquired.
W
,
V. 78, p. 822.
Stock authorized, $50,000,000; par of shares, $100. Bonds, $50.000,000, see table above. V. 78, p. 1168. Dlreotors, V. 76, p. 866.
President, Walter J. Bartnett; Vice-Presidents. A. O. Kalns andHenry
F. Fortmann; Treas.. J. Dalzell Brown; Sec, B. M. Bradford.— (V. 77, p.
252, 1875; V. 78, p. 584, 822, 1168.)
Western Pennsylvania RR.—See Pennsylvania RR.
Wheeling Terminal Hallway.— Owns a railway
bridge at
Wheeling, W. Va., completed in 1891, and about 10 miles of terminal
connecting various RRs. A reorganization of the Wheeling
Bridge & Terminal Ry., foreclosed in 1900.
Stock.— $2,000,000,
all outstanding; par $100. Of the bonds, guaranteed prinoipal and interest by the Pennsylvania Company, $500,000 are reserved for
additions and Improvements; mortgage trustee, Commercial Trust
Co. of Phila. Form of guaranty, V. 76, p. 655. Penn. RR. on Jan. 1,
1904, owned $1,263,000 bonds. For year ending Deo. 31, 1903, gross,
$196,699; net, $111,711; Int., $59,750; Improvements, etc., $40,000;
sink, fund, $14,525; bal., def., $2,564. Pres., Edward B. Taylor; Seo.,
8. B. Liggett-(V. 76, p. 655.)
track,
Wheeling & Lake Erie RR.— (See Map of Wabath RR.) Includes:
Lines owned. —
Miles.
Toledo, O.. to Martin's Ferry.. .218
Cleveland to Zanesvllle,
Canton
to Sherrodsville
Toledo Belt Line
Total
g
-
&
&
N.Y.,N.Y.Sec'y&Tr.Co.
do
do
Fid. Tr.— When earned
J.
A.
J.
O.
Nov.
5
20,000,000
4,986,900
11,993,500
2,000,000
894,000
409,000
11,318,000
547,014
2,141,000
1,485,000
600,000
£1.375,000 3ee
£746,702
£255,555
$230,000
769,000
g.
1.
&
Dividend.
1,
1,
1,
1937
1943
1943
Sept
S
M.
1,
1933
-
&
&
&
O. N. Y., Mercantile Trust Oct. 1, 1926
5g.
N. Y., Central Trust.
J.
July 1, 1928
5g. J.
A.
do
do
Feb. 1, 1930
5g. F.
4g- M. <fc S. N. Y. Mercantile Trust Sept. 1. 1949
To April, 1911
J. N. Y., Mero. Trust Co.
Jan. 1, 1922
5g- J.
Office, Pittsburg.
Aug. 1, 1940
4g. F. & A.
J. N. Y., First Nat'l Bank. June 30, 1990
5 g. J.
Off. 7 Moorgate St.,Lon. Jan.10,'04, 2**
text. See text
do
do
J. & J.
Deo. 31, 1930
5
J.
Co Jan. 1, 1911
J. Lon., Glyn, M., C.
6
St. Louis, Mo.
J.
Jan. 1, 1925
6g. J.
J. N.Y. Mercantile Trust.
July 1, 1940
3 (5) J.
A.
,
&
&
,
&
&
&
&
5
Dec. 31
& N.
J. & D.
4^g.
J.
5
500,000
500,000
See text.
530,000
Jan.
Apr.
Apr.
4!ag.
Phlla.,
M.
&
108
So. 4th St.
do
Deo.31,'03,
May
do
Deo.
J. Phila., Fidelity Tr.
Co
July
1,
1,
1,
5%
1938
1923
1931
S. C.
total owned,
&
Whom.
Great Northern.
«
Miscellaneous
5
(t)
100
100
100
i.87
Payable
Cent.
9,990,000
10,000,000
10,000,000
317,199
1903
em Maryland. The remaining $25,000,000 is reserved as follows, viz.:
$7,481,300 to take up at maturity all the existing bonds of the Western Maryland and the West Va. Cen. <fe Pitts, and $17,518,700, under
careful restrictions for additions and development of property of the
two railroad] co's, and providing terminals in Balto. V. 75, p. 550, 850.
The general lien and convertible mortgage seoures $10,000,000 of
4 per cent 50-year bonds, interest for the first three years being payable only if earned. V. 75, p. 850; V. 76, p. 49.
Earnings.— For 3 mos. ending Sept. 30, 1903, total net income, including West Va. Cent. & Pitts., was $652.*29, against $602,732 in 1902;
fixed charges, 9884,271; bal.,sur., $288,358.
ending June 30, 1903, system earnings, includReport.— For ye
ing West Va. Cent. & Pitts., were (see V. 77, p. 2340): Gross railroad
earnings, $3,712,^33: net (over taxes), $1,354,199; net profits coat
and other departments, $:*83,933; miscellaneous receipts after paying
timber royalty notes ($225,721) and charging off numerous debits
($107,507), $181,09^; total net income. $2,519,360, against $2,152,015
in 1902; fixed charges, $1,303,878; bal., sur., $1,215,382.
Pres. (Feb., 1903), Joseph Ramsey Jr.; Vice-Pres. F. S. Landstreet.
Directors, V. 75, p. 850.-(V. 78, p. 104, 284, 1111, 1276.)
Pennsylvania Ry.— Owns Buffalo to
York
Western
Emporium, Pa., 118 miles; Buffalo to Oil City, Pa., 136 miles; Oil City to
Olean, 110 miles; Rochester to Hinsdale, 99 miles; Stoneboro to Mahoningtown 38 miles branches, including proprietary lines, 99 miles;
New
Outstanding
Bonos—±-rinoiINTEREST OR DIVIDENDS.
pal.When Due.
Rate peri When Where Payable, and by Stocks— Last
$50 $20,000,000
1887
1895
1895
12
47
Aug.— See Atlantic Coast Line Co. OF
Sioux Falls— Bee
Amount
1719
Miles.
Cleveland Belt
6
144 Bran ohes owned
43
45 Branch operated, not owned... 12
5
472
History.— Successor May
1, 1899, per plan in V. 66, p. 1142, of W.&
Railway, sold in Feb., under foreclosure of consol. mortgage,
In April, 1901,
subject to underlying 1st mortgages. V. 68, p. 830.
a syndicate controlled by the Gould interests acquired oontrol.through
purchase of the common stook in the open market, and the road
allied with the Wabash, although operated as a separate property.
L. E.
V. 72, p. 723, 776, 874.
The PittsDurg Carnegie & Western Ry., to be completed by June 1,
1904, from Mingo Junction", to Pittsburg, 60 miles, will be merged
and the combined properties probably leased to the Wabash RR. V.
77, p. 951. In Feb., 1903, it was proposed to double-track the road
east from Toledo and south from Cleveland. V. 76, p. 384.
The Zanesvllle Belt & Terminal Ry. has been operated since Jan. 1
1902, under a temporary agreement. V. 74. p. 207. The W. & L. E.
RR. owns majority of the stock of the Pitts. Wheeling & Lake Erie Coal
Co., leased in 1901 for ten years to other parties. V. 70, p. 799. 741.
Stock.— The $36,980,400 stock outstanding has been issued as follows: For purchase of existing properties, $32,800,000; for Adena
extension, $1,600,000; for other additions and improvements, $1,443,100; for refunding underlying bonds, $1,137,300.
Bonds.— The mortgage of 1899 secures $15,000,000 gold 4s, of which
$3,328,000 are reserved to retire at maturity all underlying bonds.
V. 68, p, 1027; V. 69, p. 29. They are a first lien on 202 >a miles and
cover 248^2 miles additional, subject to the outstanding divisional
bonds. V. 74, p. 1040. Under the consol. mortgage, all underlying bonds, as exchanged, must be canceled. (V. 71, p. 391; V. 70,
p. 896, 998.) See application to list new securities V. 71, p. 34, 542.
In 1902 $900,000 consols and in 1903 $488,000 were Issued. V. 72, p.
534, 628; V. 74, p. 1040; V. 77, p. 2392. The $11,318,000 consols outstanding in April, 1904, were issued as follows:
For purchase of new properties, $4,340,000: new equipment and Improvements and liquidation of prior indebtedness, 12,760, uoO; new extensions and
dock and terminal facilities, $1,131,000; in exchange forepart of underlying
bonds,
$3,01*7,000.
Equipment bonds of 1902 maybe purchased at not exceeding 105 and
Interest or drawn by lot at 108 and interest (or the sinking fund may
be applied to the purchase of additional equipment) to the following
amounts: $75,000 for 4 years, beginning Jan. 1, 1903, then $100,000,
$125,000, $150,000 and $175,000 yearly for each successive period of
4 years to date of maturity. V. 74, p. 578.
Latest Earn's.— 9 mos. > 1903-4.. Gross, $3,286,393 net, $872,229
July 1 to Mar. 31.
5 1902-3.. Gross,
3,082,640; net, 733,489
Report.— Report for the year ending June 30, 1902 (last published),
was in V. 76. p. 209. In 1901-2, of 5,258,274 tons of freight carried,
products of mines furnished 6493 per cent (bituminous coal, 43-47
per cent), a
;
Year—
Gross.
Net.
Oth. inc.
Int., tax., etc,
Bal., sur.
1902-1903 .$4,234,771
1901-1902. 3,537,022
1900-1901. 2,954,105
$1,001,710
943,220
$871,097
$72,123
877,591 $44,058
774,697
146,952
Officers.—Chairman of Board, Myron T.Herrick; President, Joseph
Ramsey Jr.; V.-P., A. W. Krech; Treasurer, H. B. Henson, New
York; Seo'y, J. H. Dowland, Cleveland. Offices, Cleveland, O.
Directors.— George J. Gould, Edwin Gould, Cyrus J. Lawrence, Wtnslow S.
Pierce, Aivin W. Krech and W. B. Connor of New York; Joseph Ramsey Jr.
of St. Louis; Myron T. Herrick, George A. Garretson, E. W. Oglabay. H. P.
Mcintosh, Robert Blickensderfer, Dan. R. Hanna and William G. Mather of
Cleveland, and C. M, Spltzer of Toledo, O.— (V. 76, p. 384, 544; V. 77, p. 2398.)
"White &. Black River Valley
Brinkley to Jaoksonport,
Ark., 67 miles. Leased for 80 years from July 1, 1900, to the Choctaw
Oklahoma & Gulf RR. for guaranty of interest, Indorsed on bands.
Stock authorized, $1,875,000; paid in, $323,000. Of the $600,000
bonds outstanding, $100,000 have coupons cut off for the first ten years
and $200,000 are reserved for extension to Batesville.— (V. 72, p. 189.)
White Pass Yukon Ry.— Owns a narrow-gauge line 110 miles
In length, extending from Skaguay Harbor, Alaska, to White Horse
(V. 69, p. 335; V. 67, p. 1162, 1138); also operates steamers between
White Horse and Dawson City. V. 72, p. 392; V. 73, p. 443; V. 75,
RR.—
&
p. 1300.
Organization.—Incorporated under English Companies Aot.
Securities.— Capital stook authorized, £1,700,000 as inoreased in
Mar., 1901. Of the £700,000 new stock, £255,555 will be reserved
to retire a like amount of debentures. V. 72, p. 582; V. 74, p. 479.
The consolidated 1st mortgage 5 p. c. debenture stook of 1900 is
a £750,000 issue, secured by a first mortgage on the £752,223 bonds
and the entire stock of the local companies owning the railway. As
to sinking fund, see V. 75, p. 1300.
DrvTDENDB.— First cash dividend of 5 per cent paid Apr. 22, 1901,
and also In August a 25 per cent stock dividend, the two together representing the profits of the first three years to June 30, 1901; Deo.,
1901, 5 p. c; in 1903, July, 2*2 p. c; in 1904, Jan., 2^ p. o.
Report for year ending June 30, 1903, was in V.77,p. 2156, showing
net profit above interest on debentures and debenture stock, £60,410;
brought forward from
last year, £66,128; total, £126,538; dividend
£68,750; bal., sur., £57,788.
Pres., 8. H. Graves, 1016 Chamber of Commerce Building, Chicago,
HI.; Sec, F. C. Elliott.-(V. 75 p. 1300; V. 77, p. 2156.)
Wichita Palis Ry.— Henrietta, Tex., to Wichita Falls, 18 miles.
Operated by Missouri Kansas & Texas Ry. under oontraot extending
to Jan. 1, 1930, providing for division of rates. Stook, $20,000.
(5 p. c),
1720
RAILWAY STOCKS AND BONDS.
[Vol. lxxviii.
.
RAILWAY STOCKS AND BONDS.
Apr., 1904.]
RAILROADS.
Miles Date
[Size,
or
Amount
of
of
Par
For explanation of column headings, &c, see notes
Road. Bonds Value. Outstanding
on first page of tables.
<t North.— 1st M.,call In 1907, Int. guar..r
General M., $1,000,000, g, p.A 1. gu., end. PeP.r
Car trust oerts., due $8,000 yearly. V. 66, p. 950
See Atlantic Coast Hn
Wilmington A Weldon
Wilming.
Winona Bridge— 1st M., gold, s. f..r'd. at 110.F
Wiscas. Waterv. <t Farm.— 1st M.. $1,000,000,
deemable after lOyearsat 105
WUconein Central Railway-
Common stock.,
88
88
1887
1892
1897
$500
1,000
384,000
5g
M.
637,300
5g.
J.
100
100
16,147,876
11,267,104
23,748,000
500,000
439,000
535,000
4g.
J.
$17,500,000
.
All
"33
Mp
1899
1900
1901
1902
1,000
1,000
1,000
UNDERLYING 8ECCRITIE8 NOT EXCHANGED.
Chlo.Wlsoonsln & Minn. 1st M., gold, assumed. o*
Milw. & Lake Win. 1st mort., gold, assumed. ..o*
W\»c.2£inn.
<£
122
66
416
54
271
Woonsocket
dt
9
RR.
Wis. Cent.
Wisconsin
con. M.. 1st series, gold, ass'd.c&r
A Mich.— lstM.,g., $15,000 p. m
A
Pacific— 1st M. (see text), gold.IHe.o*
Pose— 1st M., Int. gu. City of Woon.o
Worcester Nashua <t Rochester- Stock ($3,600,000)..
Wor.&Nas. ( Wor. Nashua & Rooh. RR. bonds. . .0*
do
pistM. of
do
do
do
do ...o*
79 secures
do
)
i
all equally.
(.
do
do
do
94
47
47
47
47
1885
1,000
1882
1,000
1879 500 <feo.
1895
1,000
1900
1,000
1890
1,000
100
1886
1,000
1893
1,000
1890
1,000
1895
1,000
Year ending June 30. 1903. gross, $56,883; net, $34,759; Int. and
inking fund, $16,390; dlvs., $18,360.-(V. 73, p. 1161; V. 71, p. 865.)
Wldilta Valley.—Owns from Wichita Falls to Seymour, Tex.. 51
In Nov., 1903, the Wichita Falls &
interests with $200,000
authorized stock to build from Wichita Falls northeast about 75
miles, of which 23 miles to Benvenue to be completed In July, 1904.
V. 78. p. 1276.
Stook, $6,000,000 outstanding, $1,020,000; par, $100. Inl897 interest was scaled to 3 per cent (to July 1, 1902, inclusive, and again
In 1902 for 5 years to July 1, 1907, lnoluslve. Land and income notes
(6s), $123,617; income notes (5s) $68,249. V. 67, p. 224; V. 76,
p. 160. Year 1903, gross, $93,681; net, $55,202; interest on bonds
$32,713; bal., but., $22,489.— (V. 76, p. 160; V. 78, p. 1277.)
miles; completed in Sept., 1890.
Oklahoma Ry. was Incorporated by the same
;
Wllkesbarre 6c Scranton By.- ( See Map Central RR. ofN. J.)—
Owns from Soranton to Minooka Junction, Pa., 5 miles, of which l*t
miles is double track. Leased from May 1, 1888, to Lehigh Coal. & Nav.
"Miscellaneous Companies") during corporate existence
less one year, at $47,500 per annum and taxes. Lease assigned to
Central of N. J. at 6 per cent on cost of road ($1,089,582) ana taxes.
Lehigh Coal & Nav. Co. holds all the stock.
Co.
(see
William's Valley RR.— Brookslde ;to ILykens, Pa., 12 miles.
Stook authorized, $120,000; outstanding, $90,000; par of shares, $50.
The 5s of 1903 (United Security Life Insurance & Trust Co. of Phlla.,
trustee,) were to b« used to retire at once the $87,000 of 6s due Deo.
1, 1911, the remaining $33,000 for Improvements. V. 78, p. 1393.
Foryearending June 30, 1903, gross, $17,791. President and Gen.
Mgr., O. M. Kaufman,
Tower
City. Pa.
(V. 78. p. 1393.)
Wllllamiport 6c Nort li Branch RR.— Hall's to Satterfeld,
and
br.,
47 miles; leases Eagles Mere RR., 10 miles;
total,
Pa.,
57 miles.
Stock (authorized, $2,000,000) common, $925,362; preferred, $400,000; par $50. The 4ks of 1901 cover the road and 3,000 acres of
coal lands in Sullivan Co., Pa., $250,000 being reserved for extensions. V. 72, p. 990, 1280. Equipment trusts June 30, 1903, $75,000.
Earnings— 8 mos.. ) 1903 4
Gross, $113,547; net, $20,026
July 1 to Feb. 29. $1902-3
Gross. 125,197; net, 39,203
Dpf. under 8 mos. charges, $2,245 in 1904, ag'st sur. of $18,643 in
1902-3.
Year ending June 30, 1903, gross, $181,000; net, $47,300; charges,
$34,923 balance, surplus $12,377.
President, B. H. Welch, Hughesville, Pa.; Sec. and Treas
H. C. Adams, N. Y.— (V. 72, p. 1281.)
Wi l. Col. 6c Aug. RR.— See Atlantic Coast Line RR. of S. C.
Wilmington 6c Northern RR.—Owns Wilmington, Del., to
Highs Junction, Pa., 71 miles; branches, 17 miles; total owned, 88
miles trackage to Reading, Pa., etc, 4 miles. General mort. bonds are
reserved to retire first mort. at maturity. Stock authorized, $1,500,000;
outstanding, $1,500,000; par, $50. The Reading Company owns practically the entire capital stook, which is deposited under its collateral
trust mortgage. The road Is leased to the Phlla. & Read. Ry. for 999
years from Feb. 1, 1900, for interest on $760,000 bonds and 3^5 p. o.
div. on stook, payable quarterly (Q-F-15). V. 70, p. 127, 998; V. 71, p.
758. No report since 1898— in V. 68, p. 1021. (V. 72, p. 340.)
Wilmington 6c Weldon RR.— See Atlantic Coast Line RR.
Winona Bridge Railway.—Owns bridge between Winona,
Minn., and Buffalo, Wis., 1-03 miles; opened Sept. 1, 1891. Leased for
30 years to Chicago Burlington & Quinoy and Green Bay & Western,
the former, it was reported in July, 1903, acquiring about two-thirds
and the latter the balance of the $400,000 stock. V. 77, p. 252.
Stock.-$400,000; par, $100. Year ending June 30, 1903, gross, $26,328; net $22,118; charges. $19,760; bal., <lef., $2,358. In 1901-02,
gross, $21,223. net, $14,562. (V. 77, p, 252.)
;
,
;
RR.—
WlNfi»N.'t«atorville4: Farmlngton
Wiscasset, Me.,
to Albion, 43 hi miles (2-foot gauge); also partially constructed from
Weeks Mills west to Farmlngton, etc, Me., about 50 miles, of which
14 miles to Winslow are In operation. A consolidation in 1901 (see V.
73, p. 392; V. 71. p. 603; V. 69, p. 233; V. 66. p. 185. Stork authorized, $1,000,000; outstanding June 30, 1902, $194,300; par of shares,
$100. Real Estate Trust Co. or Philadelphia Is mortgage trustee.
President, Leonard Atwood, BullittBldg., Phlla., Pa.— (V. 73, p. 392.)
Wisconsin Central Railway.— ( See Map)— System extends
from Chioago to Ashland, Wis., and Lake Superior iron mines, also to
St.Paul and Minneapolis. By the extension to Manitowoc and the car
ferry across Lake Michigan, conneots with the Pere Marquette and has
a short line to the East. V. 63, p. 117. The system includes:
Lines owned.—
Miles.
Lines owned.—
Miles.
Chic, to Trout Brook Jet.. Wis.452 Other branches
49
Abbottsford to Ashland, Wis... 133
Branoh
to
lrackageto Chic, Minn., etc.. 32
Rugby to Milwaukee, etc ... 28
Spurs to industries (65 miles
unoperated) . .....
167
Bessemer
34
Stevens Point to Portage City. 71
NeenahtoManitowoc(14jntly) 44
Marshneld to Nekoosa
33
Grand total (inch spins operated 102 miles and unop. 65 m)... 1,043
Organization.—Successor July 18, 1899, of Wisconsin Central
Co. after foreclosure per plan V. 68, p. 725 has acquired by deed all
n
V 6 9 P 29 83 133
See plication to Ust
Scuritdlf v 70,p 43 3
Stock-Voting TRDST.-The five years voting trust will expire by
limitation on July 1, 1904. After 4 per cent dividenda on both classes
^
;
'
*
'
'
'
5
$354,000
406,000
30,000
1901 100 &0
rec*
Pref. stock, 4 per cent non-oum., $12,500,000.
o*
1st gen. M., gold, $27,000,000 Us
Mtnn. Ter. M., g., subj. to call at 105 after 1910.
Marsh. &H E.dlv. lstM.,g.,subJ to call at 105. i s
Equipment trusts, gold, due $60,000 yearly.
Bonds— PnnciINTEREST OR DIVIDENDS.
pal.When Due.
Rate Per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividends.
1,000
1,000
ERR.
103 1890
776,000
604,000
658,500
951,000
5,524,000
100,000
3,099,800
150,000
511.000
735,000
380,000
1721
J.
& D
Q— F.
Q.-F.
3i«g. J.
M.
t g J.
5 g-
M.
6
'
J.
J.
-
J.
g>
i g
2
5 g
m4
A.
A.
in '03 J.
4
4
4
J.
J.
J.
A.
A
&
A
&
&
&
&
&
&
&
&
&
&
&
&
&
&
S.
Read'g Term'l.
do
1907-1927
Auk. 1, 1933
First N. Bk., Wllm., Del. To Nov., 1906
Phlla.,
do
N. Y., J. Walker
J. Phlla.,
& Son.
Sept. 1, 1915
Real Estate Tr.
July
July
Jan.
J.
J.
N.
J.
New York,
Maltland, Coppell
&
o.
1, 1949
1, 1950
1, 1961
1, '04-12
Co.
Moh.
July
do
do
Jan.
Jan.
See Text.
O. O. G.West.,N.Y.&8t.P.
O. R. I. Hos. Tr. Co.. Prov.
J. Bos., Am. Loan ATr.Co.
J.
J.
J.
1931
May
July
•
8.
J.
J.
J.
1,
1916
1912
1909
1945
1950
1910
1,
1906
Oct.
Oot.
Jan.l,'04,23»
do
do
do
do
do
do
do
do
1,
1,
1,
1,
1,
1,
July
Jan. 1, 1913
Jan. 1, 1930
Oct.
1.
1934
have been paid in any year both shall participate equally in any
further dividends for such year. After the termination of the voting
trust the preferred is to have the right to elect a majority of the
directors whenever for two successive years dividends upon the preferred at the rate'of 4 percent per annum shall not have been paid in
shall
oash.
Bonds—The new 1st gen. gold 4s ($27,000,000 authorized) are
secured by a mortgage upon all the lines of railway, terminals, equipment and other property acquired thereby, and also by deposit of all
securities owned or acquired under the plan; in July, 1903, $2,242,800
were reserved to retire underlying bonds still outstanding, and about
$117,200 remained available for betterments, purchase of equipment, etc Of the generals, up to July, 1903, $892,000 were purchased
in the open market and canceled. V 77, p. 1236.
The three series of underlying bonds (see table above) were assumed
In Apr., 1902. V. 75, p. 734, 1204.
Earnings.— For 8 months ending Feb. 29:
Cross.
Net.
Oth. inc. Interest, etc. Bal., sur.
8 mos.
1903-4
$35,187 $1,167,075
$4,352,261 $1,3*0,766
$248,878
19023
4,328,339
1,560,798
26,482
1,172,947
414,333
Report.—Report for year ending June 30, 1903, at length, was in V.
77, p. 1221, 1235; see also edit., p. 1193. Of the total freight traffic in
1900-1 (3,437,902 tons) 27*07 p. 0. was iron ore and 26-83 per cent
lumber and forest products. Iron ore contributed 9*67 per cent of
the ton miles hauled and 8*57 per cent of the freight earnings. Average
rate per ton mile In 1902-3, 6*82 mills, against 971 mills in 1893-4.
190203.
1901-02.
1900-01.
Gross earnings
$6,651,862 16,041,470 $5,324,274
Operating expenses
4,205,993 3,883,374 3,446,463
—
Net earnings
Total net inoome
.'..$2,445,869 $2,158,096 $1,857,811
Fixed ohar., taxes, eto
Sur. for the 12 mos. of
$2,484,299 $2,195,173 $1,882,574
1,760.227 1,715,068 1,636,455
$724,072
$480,105
$246,119
Directors.—John Crosby Brown, William L. Bull, James C. Colgate,
Fred T. Gates, Gerald L. Hoyt, E. W. Sheldon and Joseph S. Dale,
New York; Francis R. Hart, Boston; Henry F.Whitoomb and Howard
Morris of Milwaukee; William F. Vilas, Madison, Wis.
Officers.— Chairman of the Board, Wm. L. Bull; President, Henry
F. Whitoomb, Milwaukee; Comptroller and Auditor, Robert Toombs,
Milwaukee; Treasurer, William R. Hancock, Milwaukee; Secretary,
Chas. M. Morris, Milwaukee; Asst. Secy.. Joseph S. Dale New York.
N. Y. Office, 52 William 8treet— (V.77, p 951, 1221, 1235.)
6c Michigan Ry.— Owns from Qulnnesec, Mich.,
Wise, 73 miles; trackage, 8 miles. Extension from
Faithorn Jot. to Cundy, 18 miles, included above, was opened
August, 1903. From Peshtigo oars are taken by Lake Michigan
Car Ferry Transportation Co. to Chicago. Stock authorized and
issued, $951,500; par value, $100; current liabilities June 30, 1903,
$1,440,229. Last coupon paid was that maturing July.l 1898. A plan
to scale the rate of interest was proposed, but no result had been
Wisconsin
to
Peshtigo,
,
reached in Apr 1904. In 1902-03. gross, $122,775; net, $1,190;
charges, $59,638. Pres., J. P. Hopkins, Chicago.— (V. 66, p. 185.)
,
Wisconsin Minnesota 6c Pacific RR.— Red Wing, Minn., to
Mankato, 95*7 miles; Red Wing to Osage, la., 118*2 m.; branch to Clay
Banks, 2*9 m.; Winona to Simpson, Minn., 54*2 m,; total. 271 miles.
The above mileage includes the Duluth Red Wing <fc Southern Ry., 28
miles, purchased July 1, 1901, and the Winona & Western Ry., 115
miles, acquired Sept 12, 1901, a 30-mlle connecting line from Zumbrota to Rochester being built in 1902. Htook, $4,060,000, all owned by
the Chioago Great Western Ry., which company operates the road as a
part of its system under an agreement dated Apr. 1, 1901, running for
100 years, providing that all net earnings above Interest on bonds
shall go to the Great Western, the accounts of this road being kept
separately.
V. 73, p. 566.
Report.— For the year ending June
30, 1903 (253 average miles),,
in V. 77, p. 640, shows: Gross, $625,452; net, $225,246; interest, $158,400; bal., sur., $66,846.— (V. 73, p. 844.)
Worcester
6c Rochester
Owns from Worcester
via Nashua to Rochester, 94 miles. Leased for 50 years from Jan. I
to the Boston & Maine; rental $250,000 and taxes.
1886.
D1VD8- ) 1887-93 '94 '95 '96 '97 '98 '99 '00 '01 '02. '03.
1904.
Per cent. . J 6 yearly 5
5 5
5 5H
1 5°t 5 1H Jan., 2%
The Jan., 1903, dividend was reduced to 1U p. c, and balance of
floating debt" paid off; in July 3 p. 0. was paid. V. 76, p. 104.
Total prolit and loss defloit June 30, 1903. $280,122. Current liabilities July 1, 1903, $28,000.— (V. 76, p. 104, 1409 )
Nashua
RR.—
4^
Wrlghtsvllle 6c Tennille RR.—Tennllle, Ga., to Hawkinsvllle
76 miles, of which Dublin to Hawkinsvllle, Ga., 40 miles, was former
Oconee & Western RR., merged Feb. 1,1899. V. 69, p. 189. Stook,
common, $230,000; preferred, $70,000. Par of shares $25. Cent, of
Ga. Ry. owns all the preferred and $104,300 of the common stook
Dividends (J.&J.) were paid onbothstocks at rate of 7%; 1900, Jan.,
3 p. c; June, 1900, 4 p c; Dec. 3>* p. c; 1901, June. 3 p. 0.; Dec. 3 p.c;
1902, July, 3 p. c; 1903, Jan. 1, 3 p. c; July, 5 p. ft.. Inch 2 extra; 1904,
Jan. 1,4 p.c For year to June 30, 1903, gross, $169,414; net, $59,714;
other income, $8,063; taxes and improvements, $14,740; div., $24,000;
baL, $29,037. Pres., A. F. Daly, Tennille, Ga.— (V. 77, p. 695, 1534.;
Zanesvliie
6c
Ohio River Ry.— See Ohio &
Little
Kanawha Ry.
INDUSTRIAL AND MISCELLANEOUS COMPANIES.
The following pages (Nos. 1722 to 1739 contain the leading industrial companies. Some additional statements wil
found on pages 1741 to 1746, while various gas companies are on page 1748, and an index to still other industrials is on p. 1747.
MISCELLANEOUS.
Date
Size, or
Amount
of
Par
Tor explanation of column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
Adams
Express
—Stock
Collateral trust mortgage, gold.Me
Allis- Chalmers—Common stock, $25,000,000
Pref., 7%, cum. (as to assets & div.), $25,000,000, text.
Amalgamated Copper—Stock, $155,000,000
Amer. Agricul. Chemical Co.— Stock, com., $20,000,000.
Pref. 6 p. ot. cum. (as to assets and div.) $20,000,000..
American Bank Note—Stook
Debentures, gold
American Beet Sugar—Common
$100 $12,000,000 See text. J. & D. New York, 59 Broadw'y
1898 500 <&o 12,000,000
4g. M. & S. N. Y., Merc. Trust Co.
100 20,000,000
100 16,250,000 See text.
-F.
N. Y., 71 Broadway.
100 153,888,000 See text.
uar.
Checks mailed.
100 17,215,600
100 18,153,000 6 in 1903 A. & O. N. Y., Office. 26 B'way.
50
3,600,000
Q.-M
By check.
6
1902
1,000
833,000
4^ g. A. & O. N. Y., Bowl. Gr. Tr. Co,
100 15,000,000
100
Checks mailed.
4,000,000
Q.-J.
stook, $15,000,000
Preferred stock, 6 per cent, non-cum., $5,000,000
Amer. Bell Telephone—-See Amer. Teleph. <fe Telegraph Co.
American Oa?i—Piet. stock, 7 per cent, oum
American Car dk Foundry—Common stock, $30,000,000.
Preferred stock, 7 per cent, non-cum., $30,000,000
American Chicle— Stock, common, $6,000,000
Preferred, 6p. c. cum., $3,000,000
Am. Cigar— Gd. notes, $20,000,000, gu.p.A i.. red.l02i«.c 1901-2
American Cotton— Stock, common, $4,000,000
Preferred stock. 8 ner cent, oum., $3,000,000
Debentures, $2,000,000, gold, red. at 105.de
o 1902
American Cotton Oil—Common stock, $20,237,100
Pref. stock 6% non-cum., sub. call at 105. $14,562,300.
Debentures, extended in 1900 (V. 71, p. 2374, 1010). c* 1890
American District Telegraph of N. Y.— Stock, $4,000,000
Amer. Dist. Tel. Co. of N. J.- Stook, $10,000,000 auth...
100
100
100
100
100
1,000
100
100
1,000
100
100
1,000
100
100
See Eleotro
.Acetylene.—Un. Carbide, Gas, V. 61, 1107; N.Y. Carbide A Acet.,
61,
1155;
233.
V. 78.
p.
p.
p.
Adams Express.—Organization.—An association formed in 1854
but not incorporated, operating on about 35,000 miles of railroad, including Penn., C. B. & Q., Ches. & Ohio, N. Y. N. H. & H., etc.
Bonds. — In 1898 treasury securities were pledged with Mercantile
Tr. Co. to secure (subject to prior indemnification of shareholders from
any loss by reason of personal liability) $12,000,000 of 4 p. o. bonds.
These last were then distributed as a 100-p. o. dividend. V. 66, p. 470.
Dividends.— Long 8 p. o. yearly, but reduoed in 1898, on payment
of 100 p. o. div. in bonds, to 4 p.c; in Dec, 1900, to Dec, 1903, 8 p. o.
yearly, and in Mar.. 1903 and Mar., 1904, 2 p. o. extra each from the
sale of certain real estate. V. 76, p. 436; V. 77. p. 90; V. 78, p. 704.
Albemarle
Cues. Canal.—Seepage 1741.
Allls-Clialmers Co.—Organization.—Incorporated in N. J. on
May 7, 1901, to manufacture heavy engines, mining and other machinery, combining Edward P. Allis Co. of Milwaukee, Fraser <fe
Chalmers of Chicago.. V. 74, p. 1144; $2,500,000 was to be expended
In doubling the Allis plant Properties taken over as of April 1, 1901,
rights of stook, etc., see V. 74, p. 1144. Vermilye & Co. of New York
were interested. V. 72, p. 874, 937, 990.
The Bullock Electric Co. was leased in 1904 for 25 years (with privilege of renewal for 25 years on same terms) for 6 p. c dividends on
$1,100,000 preferred stock and division of profits with the $1,000,000
common stock. V. 78, p. 1111. As to turbine eleotrioal and gas engine
field, see also V. 78, p. 770.
Preferred Dividends.—July, 1901, to Feb., 1904, 7 p. o. yearly; in
April, 1901, the dividend was passed. See V. 78, p. 1499.
Btock, Etc.—Preferred entitled to 7 p. c cumulative dividends and
a further preference of 1 p. c non-oum. after 7 p. o. on common, into
which it Is convertible, $ for $. on May till 1921; no bonds.
Report.— Second report for the year ending Apr. 30, 1903, was given
at length in V. 76, p. 1352, showing: Net profits over depreciation,
etc, $1,653,576; dividends on pref. (7 p.c), $1,137,500; bal., but.,
$516,076. Chairman of board, Elbert H. Gary; Pres., B. H. Warren;
First Vice-Pres. and Treas., W. J. Chalmers; 4th Vioe.-P. and 8ec, Jos.
H. Seaman. Office, 71, Broadway, N.Y.— (V. 78, p. 1111. 1499.)
&
Amalgamated Copper Co.— Organization, Etc.— Incorporated
27, 1899, In New Jersey, and purchased control as follows:
on April
Capital
Majority ttock acquired-
stock.
naconda Copper Mining (V.
67, p. 953) . .$30,00u.000
Silv. Mln.
8,760,000
A «ston & Montana Con. Cop. &
"utte A Boston Con. Min
"arrot Silver & Copper Co
2,000,000
2.2H8.501
1.500,000
Hennessr Mercantile Co
Par
val.
—
Dividends (p. c.)->
'98. '09. '00. '01. '02 08
.
$ *6 10 18 16 is 4
4
25 04 144 172 140 24 '82
10 ..
..
60
10 18 39 00 85 6 ..
(?)
(?)
(?)
(?)
(?)
(?)
(?)
Also acquired all the following stocka: Washoe Copper Co., $5.000,o6t); Colo
rado Smelting & Mining Co., $2.600.ooo; Diamond Coal & Coke Co., $1,500,000:
Big Black Foot Milling Co., $700,000.
Statement to N. Y. Stook Exchange, V. 72, p. 1281. Stook was
authorized June, 1901, to be increased from $75,000,000 to $155,000,000, to purchase the stockB of Boston
Montana and Butte & Boston
companies, per terms V. 72, p. 1082; balance unissued reserved to
acquire remaining shares. Litigation with F. A. Heinze is pending;
V. 77, p. 512, 1295, 1875, 2340; V. 78, p. 585, 770, 822. As to United
Metals Selling Co., Bee V. 76, p. 332.
&
The only bonds are Bos. & Mont. 7s, $400,000, due $100,000 Nov. 1,
yearly to 1907, and Butte & Bob. 6s, $1,500,000, due Apr. 1, 1917.
V. 72. p. 1281. See V. 71, p. S45- See V. 72, p. 777.
Dividends— 2 p. c quarterly (Q.-J.), Oot., 1899, to July, 1901, both
lnclu. In Oot.. 1901, !»« p. c; In 1902, Jan., 1 p. c; May, 1902, to May,
1904, both Inclusive, *« p. o. quarterly.
Earnings of constit. cos. year ending June 1, 1903, (V. 77, p. 90, 252.)
Officers.— President. Henry H. Rogers; Sec and Treas , William G.
Rockefeller.
Direotors. H. H. Rogers, Wm. Rockefeller. Win. G. Rockefeller, A. R. Flower, F. P. Olcott, Robert Bacon, Jas. Stillman and A.
O. Burrage. Office, 42 B* way, New York.— ( V. 78, p. 770, 822.)
American Agricultural Chemical Co.— Organization.—In-
corporated in May, 1899, in Connecticut, under special charter, and
acquired control of fertilizer companies (lnoludlng Listers' of Newark) named in V. 68, p. 974, and V. 72, p. 672; V. 73, p. 664; V. 75, p.
241,292,440; V. 76. p. 867; V. 77, p. 399. See V. 71, p. 545. Dividends on pref. to Apr., 1904, 6 p. o. yearly (A. & O.). Bonds. $25,000.
Report.— Report for year ending June 30, 1903, in V. 77, p. 399,
showed: Total net income, $2,057,327; Improvements, bettermentB.
etc, $687,322; div. on pref., 6 per cent. $1,078,800 ;|balance, $291,205.
Pres., John F. Gibbons. New York; Sec, Albert
French; Treas.,
Thomas A. Doe. New direotors Sept., 1903, V. 77, p. 695. N. Y. office
26 Broadway.— (V.
77, p.
399,
695.)
American Bank Note Co.— Founded 1795;
incorporated In N. Y.
in 1858; reincorporated in 1879.
DrVB.— t 1892 to '94 1895 to '98. 1899. 1900. '01. '02. '03.
Per cent. J 8 yearly
6 yearly
7
6
6
6
6
Payable [50c] 1 p. c eaoh in M. & S. and [$112 p. c each In
Chairman, E. C. Converse, 78-86 Trinity PI., N.
(V. 78, p.
Y—
American Beet Sugar do.— Incorporated
Bonds— PrlnolINTEREST OR DIVIDENDS.
\>al, When Dne.
Rate Per When Where Payable, and by Stocks—Last
Dividend.
Payable
Whom.
Cent.
1904.
Mar., 1
J. & D.
289.)
on Maroh 24,1899.
Dividends paid from Oct., 1899, to Apr., 1904, both inclusive,
•6 p. o. yearly (.1^% Q.-J.)
See prospectus in V. 68, p. 280, 616; "Beet
Sugar" item, V. 69, p. 1249. Report with estimated pronto for year
ending Juno 30, 1904, in V.78. p. 1389, showed: Total income, $3,498,555; profit from operation, $995,473; cost of maintenance, $461,962;
profit of campaign, $533,531; expenses and Interest, $260,000; div. on
41,233,300
30,000,000
30,000,000
6.000,000
3,000,000
10,000,000
4,000,000
3,000,000
2,000.000
20,237,100
10,198,600
3,000,000
3,844,700
9,500,000
Mar. l.'04,2%
Men. 1, 1948
1, '04,
May
31, '04, **
Apr. 1. '04,3%
Mar.31,'04,1%
Apr. 1, 1952
Apr.
Apr.
See text. 8ee text
Checks mailed.
See text. Q.-F. N. Y., Guar. Trust Co. May
Q.-F.
do
do
12 In *03 M'nthly N. Y., Park Row Bldg.
do
6 in 1903 Q.-J.
do
New York.
4g. M.&S.15
7
See text.
6 in 1903
4*3 g.
2 in
1903
8ee text
&
25 Broad St., N. Y.
do
do
See text N. Y., Winslow, L. & Co.
J. <fe D.
do
do
Q.-F.
do
do
M. & N. Treas.off.,6DevSt.,N.Y.
Q.-J. Treas.off.,195 B'y, N.Y
8 in'i900 M.
6g. A.
&
N.
O.
Off.,
1\
Feb.
1, '04,
14
May
1. '04,2ifl
2, '04,
2, '04,
&pr.
1, '04,
4
1\
Apr.20,'04, 1%
1**
Mch. 15/11-12
Nov. 2, *00. 4%
Apr. 1, 1905
Deo. 1, '03, 2%
Dec. 1, '03, 3%
Nov. 1, 1915
Nov.15,'03,1%
Apr. 22, *04, 1
charged off, $2,042; bal., sur.. $31,469. Pres.,
Treas., John E. Tucker, 32 Nassau St., N. Y.— (V. 74,
p. 885; V. 76, p. 812; V.78, p. 230, 1389.)
American Bicycle Co.— Organization.—See Pope Mfg. Co.
American Can Co.— Organization.— Incorporated In New Jersey on Mar. 19, 1901, as a consolidation embracing, it is said, about
85 per cent of the tin can business of the country, including about
100 concerns. See partial list, V. 72, p. 582, In 1903 operated 31
can factories, one or two machine shops andjtwo detinning plants V.
76, p. 969. Moore Brothers are interested.
Stock outstanding, $41,233,300 each of common and 7 p. o. cum.
pref. Div. on pref., 2^ P c, paid Sept. 30, 1903; in 1904. Apr. 1, 2*a%.
Report for year ending March 31, 1904, in Chronicle April 30,
showed net from operation, $2,394,510; dividend on pref. (5 p.c),
pref. (6 p. c), $240,000;
Henry T. Oxnard;
$2,061,665; bal.. sur., $332,845.
Chairman of Board, D. G. Reid; President, F. A. Assmann; Treas.,
F.S.Wheeler; Sec.
Asst.Treas., R. H. Ismon. 11 B'way. Directors,
Apr., 1902, V. 74, p. 885— (V. 77, p. 512, 822; V. 78, p. 1111.)
&
American Car & Foundry. —Organization, Etc.— Incorporated
New Jersey on Feb. 20, 1899, as a consolidation of the Michigan-
in
Peninsular Car, Onio Falls Car Mfg. etc., mfg. freight and passenger
oars. V. 68, p. 280, 377. 1029; V. 71, p. 86, 345; V. 73. p. 958.
Dividends on com- > 1900. 1901-1902.
1903.
1904.
mon
51 p.c 2 yearly l%quar.(Q.-F.) Inol.May.l
In 1904 la P c was paid Feb. 1 and ^ p. c on May 2.
Earnings.— Net earnings for 10 moB. ending Feb. 29, $4,172,745
1903-4, against $5,900,971 in 1902-3.
Report for year ending April 30. 1903, was in V. 76, p 1405, showing net earnings $7,059,902; dividends on pref stook (7 p. c), $2,100,000; on common (3 p. c), $900,000; surplus. $4,059,902.
Eaton; Chair, of Exec Com., W. K. Blxby;
Officers.—Pres., Fred'k
Treas., S. 8. De Lano
Sec, D. A. Bixby, St. Louis, Mo. Directors, V.
72, p. 1239; V. 74, p. 1357. N. Y., 25 Broad St.— (V. 78, p. 1393.)
American Cement Co.—See page 1741.
American Chicle Co.—Organization.—Incorp. In N. J. on June
2, 1899, and consolidated the leading chewing gum interests.—V. 68,
p. 871, 1130; V.77, p. 197. 8ee V. 71, p.j4S- Div.: On pref., Oct., '99. to
Apr., 1904, 1*3 p. c qu. (6 p. o. per an.). Common l*a p. o. Oot., 1899;
1900, 9 p. c; 1901, 8 p.c; 1902, Jan., 2 p. c; Apr., 1902, to Apr., 1904,
bothinol., 1 p. o. monthly. Total undivided profits June 30, 1903, as
per balanoe sheet, after paying dividends in 1902-03 ($900,000), were
$776,000. Pres., W. J. White, Cleveland; Sec and Treas., H. Rowley.
Office. Park Row Bldg., N. Y.— (V. 74, p. 1141; V. 77, p. 197.)
American Coal—See p. 1741.
American Cigar Co.— Organization.— Controlled jointly by
American and Continental Tobacco oompanies, which own the entire
$9,975,000 outstanding Btock and jointly and severally guarantee the
$10,000,000 4 p.c gold notes (authorized issue limited to $20,000,000);
see V. 74, p. 1113; V. 78 p. 13tf3. Properties owned, including Havana
American Co., V. 72, p. 185, 284. 937, 1037; V. 73, p. 958; V. 75, p.
1255. Report for oalsndar year 1903, V. 78, p. 990, showed: net earnings over expenses and oharges, $807,012. (V. 78, p. 990, 1393.)
American Cotton Co.—See page 1741.
American Cotton Oil.— Incorp. Oot. 14, 1889, in N. J., to succeed
Amer. Cotton Oil Trust. Has works in various southern cities, etc, for
manufacture of crude and refined ootton oil, lard, soap, fertilizers, etc.
List of subsidiary companies, V. 77, p. 1872.
Stock, Etc—In Nov., 1901, over a majority of the stocks had been
deposited with a committee (Geo. A. Morrison, Chairman), with a view
to united protective action, power being given for three years to sell
the deposited stook at 105 for the preferred and 60 for the common.
V. 73, p. 288,724, 901; but see V. 74, p. 938. Dividends on preferred
stook June, 1892, to Deo. 1903, inclusive. 6 p. c per annum. On common, 1898. 3 p. c; 1899, 4 p. c; 1900, 3»u p. c; 1901, 2 p. c; 1902.
Dec, 4 p. c; an additional 2 p. c. being paid June 1, 1903; Dec, 1903, 2
p. c, an additional 2 p. c being payable June 1. 1904. V. 77, p. 1747.
Report.— Report for 1902-03 at length in V.77, p. 1872, 1878, showed
ftroflts $1,665,081, after meeting expenses of administ., interest, Ac;
nt. on deb. bonds, $135,000; balance, net income, $1,530,081; dividends on pref. (6 p.c), $611,916; div. on common (4 p. c), $1,421,400;
bal., surplus for year, $108,681. against $412,064 in 1901-2. Profits:
year 1900-'01, $1,244,357; '01-'02, $2,373,206; '02-'03, $1,665,081.
Officers— President, George A. Morrison; Vloe-President, Robert
F. Munro; Sec and Treas., Justus E. Ralph. 27-29 Beaver St.. N. Y.
Tranfer agts., Winslow, Lanier & Co.-(V. 77, p. 1 872. 1878, 2160.)
m
H
;
,
American
District Telegraph Co. of New Jersey.— Organ-
ization.— Incorporated in New Jersey in Nov., 1901; operates in most
of the large cities and towns in the U 8. except Now York City. Has
25-year oontraot with the Western Union Telegraph Co. for collection
and delivery of messages and is also engaged in all kinds of elettrioal
protsotive servioe. V. 77, p. 148. Dividends paid: in 1903. Apr.. July,
and Oot., mp.c eaoh; in 1904. Jan. 1 p.c; Apr. 1 p.c. SeeV.78,p 704,
President, Robert C. Clowry; Seoretary, ft. R. Johnston; Treasurer, M.
T.
Wilbur— (V.
78, p. 704.)
American District Telegraph Co. of N. Y.— See page 1741.
American Express.-An "Association" formed under the laws
of New York State in 1859 and 1868. Not an incorporated company.
Operated in Dec, 1900. on about 45,000 miles of railroad in the
United States .including Boston & Maine, nearly all the Vanderbilt
lines, Illinois Cent., etc Dividends. 6% per an. since 1882; from July,
.
.
INDUSTRIAL STOCKS AND BONDS.
Apr., 1904.]
MISCELLANEOUS.
Date
Size, or
Amount
of
Par
For explanation of column headings, &o.,8ee notes on
Bonds Value. Outstanding
first page of tables.
stock, $17.500.000
Pref. stook, 7% cum., $17,500,000. (See V. 76, p. 104)
1st M., $10,000,000, g., s. f., snbj. to call at 115.Col.o*
Amer. lee—Com. stock, $25,000,000 (V. 72. p. 392, 534)..
Pref. stook, 6%, cum., $15,000,000 (V. 72, p. 392, 534)
Collateral trust bonds, $4,346,000, gold, Ce
Underlying bonds, incl. Knlckb. 5s due Feb. 1, 1905...
Amer. Linseed—Pf. stock, 7 p. c, non-oum., $16,750,000.
American Locomotive— Common stock, $25,000,000
Pref. stock, 7%, oum., $25,000,000. (Bonds, see text)
American al ting.— Preferred stook (7 p. o. pref., oum.)
1st M., $5,000,000, g., sink, fund, subj. to call at 105.0*
H
1899
1,000
100
100
1902
1,000
"ibo
100
100
100
.
1899
1,000
50
50
100
American Pneumatic Service—Stock, com., $10,000,000..
Preferred, 6 per cent, non-oum. $5,000,000
,
American Radiator— Pref. stock, 7 p. c, cum., $5,000,000
American Sewer Pipe— 1st M., $2,500,000, s. f call 1 05. K 1900 500 «fec.
100
American Shipbuilding—8took, common, $15,000,000....
100
Preferred, 7 per cent, non-cum., $15,000,000
100
Amer. Smelt. <t Refilling— Common stock, $50,000,000...
.,
100
100
100
100
100
Pref. stook, 7 per cent, cum., $50,000,000
American Snw/T-Stock, common, $12,500,000
Preferred, 6 percent, non-oum., $12,500,000
Steel Foundries—Stock, common, $20,000,000.
Preferred stock, 6 per cent, cumulative $20.000,000....
Amerloan Steel Castings 1st mortgage, gold.
American
G
1897
1901, to Jan., 1904, 1 p. o. extra was paid semi-annually from investments. V. 73, p. 1063. President, J. C. Fargo; Treas., James F. Fargo,
65
Broadway— (V.
77, p. 2036.)
American Grans Twine Co.—See page 1741.
American Hide & Leather Co.— Organization.— Organized
New Jersey in 1899. V. 69, p. 493. In Jan., 1901, said to control
about 75 per cent of the upper leather output of the country, inoluding
companies mentioned in V. 68. p. 925 except Webster & Co. and R.
Suhm L. Co. See V. 70, p. 77, and application to list V. 72, p. 673
Bonds. Etc.— Sinking fund of $172,500 retires bonds Sept. 1 yearly,
If purchasable at 115 or less, or if not will be invested in other securities. J. & W. Sellgman & Co. financed the consolidation. Status
Bept 1903, V. 77, p. 771. Report for year ending June 30, 1903, in
V. 77, p. 509, showing earnings, including those of subsidiary companies, $886,114; int. on bonds, $511,500; renewals, repairs, sinking
in
,
funds, eto., $454,248; bal., def., $79,634. Pres., Thomas W. Hall;
Directors, Sept., 1903, V. 71, p. 493; V. 73, p. 495; V. 77, p. 771. Office,
96 Cliff St., N. Y.— (V. 77, p. 509, 771.)
American Ice Co.—Organization.— Incorporated in New Jersey
on March 11, 1899. and in October,' 1899, had acquired most of the
$10,000,000 stock of the Consolidated Ice Co. of New York (see V. 65,
&461) and the $10,000,000 stock of the Knickerbocker Ice Co. of
aine. Fori list of plants, etc.. see V. 77, p. 2337; V. 69, p. 793; | V. 70,
p. 585; V. 71, p. 1014, 1121, 1168, 1271; V. 72, p. 1036. Transacts a
wholesale and retail business in New York City; Philadelphia, Pa.;
Boston, Mass.; Baltimore, Md.; Washington, D. C; Camden, N. J.;
Lakewood, N. J., and Atlantio City, N. J.
Dividends.— On pref d Oct. '99, to Apr., 1902, 6 p. o. yearly; none
none since.
since. On com., Nov., '99, to Feb., 1902, 4 p. o. yearly
Bonds.— Of the 5 per cent collateral trust bonds, $2,508,000 were
used to reduce the floating debt, $300,000 were in April, 1904, owned
by the company, and $1,783 000 were issuable to retire $1,568,000
underlying bonds and real estate mortgages, of which $391,950 were
owned by the company, eto. Underlying securities, etc.. V. 75. p. 242.
The 'underlying bonds" above include Maryland Ice bonds ($250,000),
see V. 78, p. 230, 585.
Report.— Report for 1903 (V. 78, p. 1107) shows profit and loss deficit Deo. 31, 1903, $170,921. Report of stockholders' committee was
given at length in V. 77, p. 2337; V. 78, p. 585.
Directors, Etc.— Wesley M. Oler (President); Guy B. Johnson (Vice-Pres't
and Treas.); Edward T. Bedford, Charles T. Barney, John A. Sleicher. John
Greenounh. Charles I. Hudson. Enos Wilder, William G. Crenshaw Jr.. K. M.
Thompson and Miles M. O'Brien. Secretary, J. R. Bennett. Office, 117b Broadway. New York.— (V. 78, p. 990. 1107. 1111.)
Steel Mfg.— See p. 1741.
American Iron
American Light «k Traction.— See page 1741.
;
&
6,
American Linseed.—Organization, Etc.— Incorporated on Deo.
1898, under the laws of New Jersey, as a consolidation of the
National Linseed Oil Co., eto. V. 67. p. 1161; V. 69, p. 697. 8ee V. 71,
p. S4S- For list of plants, etc, see V. 70, p, 631. Com. stock authorfeed, $16,750,000, all outstanding; pref. stock as in table. In June,
1901, Standard Oil interests acquired a majority of stook. V.76,p. 216.
Dividends.— On pref., June 15. '99, to Sept., 1900, 10*2%; none since.
Report.— Report for year ending July 31,1901, was In V. 73, p. 662.
955, showing loss from operations of $1,402,491. Pres., John A. MoGean; Sec, W. A. Jones. Directors Sept.. 1902, V. 73, p. 555; V. 75,
p. 550. Main office, 100 William St, N. Y.— V. 76, p. 214; vV.77, p. 512.)
American Locomotive Co.— Organization.—Incorporated
in
Y. on June 10, 1901, as a consolidation of the various companies.
(See list, V. 73, p. 80». V. 72, p. 1189; V. 73. p. 84, 186,724. In Mar.,
Machine Co. of
1904, the entire capital stock of the Locomotive
Montreal was acquiied. V. 78, p. 1111, 1393, 1448.
Dividend, Etc.— Dividend on pref.. 1H p. c, quarterly, Oct., 1901,
to Apr. 1904, both Inclusive. Bonded debt of constituent companies:
Dickson Mfg. Co. lit 5s, »56a.500 (assumed), maturing Nov.l, 1927; Richmond
Locomotive (Tanner & Delaney Engine) Co. 1st 7s, $200,000. due July 1, l fl0 *.
and 1560,000 gold consol. 6s. due Apr. 1, 1929 (both assumed), of which $118,000
owned by Amer. Loc. Co.; International Air Power (Knode Island Loc. W'ks)
1st 4s (not assumed), dne Feb. 1 1919, but subject to call at any time; to ensure
the eventual retirement of the last-named $*f>o,00o each of common and pref.
Amer. Loc. stock are held In trust. Locomotive & Machine Co. of Montreal,
1st 20-year gold 4s, $500,000, dated March 1, 1904 ($1,000 each), guaranteed
principal and nterest by Am. Loc. Co., which owns remaining $1,000,000 of
authorized issue. Int. Mar. aud Sept. at Royal Trust Co. or Montreal, trustee.
Report.— First report for year ending June 30, 1903, was in V. 77,
p. 449, showing net earnings, $5,053,410; interest and discount,
$248,157; dividends on pref. stock (7 p. c), $1,750,000; additions to
property (balance after charging $484,370 to current expenses), $1,142.932; balance to credit of profit and loss, $1,912,321 (V. 74, p. 270.)
Officers.— President, S. R. Callaway; 1st V. P., A. J. Pitkin; 2d V.
P., R. J. Gross; Sec, Leigh Best; Treas., C. B. Denny
Comptroller, 0.
E. Patterson. Office, 25 Broad St, N. Y.
Directors, June, 1901, V.72,
p. 1240.-V. 76, p. 104, 707, 1409; V. 77, p. 449; V. 78, p. 1111, 1393,
1448.
American Malting Co.—A consolidation incorporated Sept 27,
1897, in N. J.- V. 65, p. 619; V. 70, p. 478.
Reorganization. -The plan [V. 76, p. 595, V. 77. p. 38], of the
committee, Frederick Uhlmann, Chairman (Standard Trust Co. of
New York depository), provides for authorization of $10,000,000 common and $10,000,000 4 to 7 p. c pref. stock (present issue of each not
to exceed $6,139,000.) The old pref. stook to receive 35 p. c In new
preferred and the old common 25 p. c in new common stook, each
class of the old stock to reoeive in addition an amount In the new stook
of the same class equal to the present 6 p. o. bonds, to be issued from
time to time as they are retired through the sinking fund as enlarged
If.
&
1
;
INTEREST OR DIVIDENDS.
Rate Perl When Where Payable, and
Whom.
Cent, payable
$100 $18,000,000 8 in 1903
100 11,274,100
100 12,548,300
American Express— Stock
Amer.Hide <t Leather—Common
I
I
7,863,000
23,871,100
14.920,200
1,970,000
1,176,050
16,750,000
25,000,000
24,100,000
14,440,000
3,810.000
5,380,400
4,312,500
3,000,000
1,530.000
7,600,000
7,900,000
50,000,000
50,000,000
11,001,700
12,000,000
15,500,000
15,500,000
471,000
J.
&
J. N.Y.,Co.'s Of.,
Bonds— Prlnolpal.When Due.
by Stocks — Last
&
1900 Q.-M.
7 in 1903
6g.
Dividend.
65 B'way Jan.
N. Y., Colonial Tr.
6 g. M. & 8.
See text. Q.-F. 15 B'way&28th St., by ch'k
do
do
See text Q.-J. 15
New York.
O.
5 g. A.
7 in
723
J
2, '04,
Sept. 1,
4%
1919
Feb. 15, '02, 1
Apr.l5,'02,lifl
Apr.
1,
1920
Sept. 15'00,1H
Apr.21,'04,l\
Checks mailed.
Check from Co.'b office. Oct.15,'99, 1\
J. "&*b. N. Y., Guaranty Tr. Co. Deo. 1. 1914
Q.-J.
Jan.20,'02,li«
By oheck.
See text. J, & .1.
7 in 1903 Q.-F. 15 Off.,Lake&Dearb.8t.Ch, Feb. 15,*04,13i
Mch. 1. 1920
N. Y. Kniox. Tr. Co.
6 g. M. & S.
Sept.1,'03,1%
,-M.
See text.
Apr. 15, '04,1*
Cleveland, Ohio.
.—J.
7 in 1903
N. Y., 71 Broadway. Apr. 20, '04,11*
3ee text. Q.-J.
do
Apr. 5, '04,1 \
do
7 in 1903 Q.-J.
10 in '03 Q.-J. N. Y., Morton Trust Co. Apr. 1, '04, 2i«
do
Apr. 1, '04, 1»«
do
6 in 1903 Q.-J.
6 in
1903
Q.-M.
N. Y., 74
5g. M. & N.
Broadway
do
do
May 1, '04,
Nov.
1.
1 ia
1912
by the plan or otherwise. Until 4 p. c in any one year has been paid
nn thApmrimon stock, the nolders of the new preferred to elect a majoron the common
ity of the directors. The existing bonds to be assumed. Opposition
to plan, V. 76, p. 1409; V. 77, p. 38.
Stocks.—Authorized, $15,000,000 each common and preferred issued, common, $14,500,000-, pref., as in table. Dividends— On pref.,
Jan.. 1898, to Oct., 1899, lnol., 7 p. o. per an. (1% Q.-J.); none since.
Bonds. —Walter G. Oakman and Geo. R. Turnbull are trustees. V.
69, p. 956. 1013. 1195. Of 1st 6s shown in table above, $152,000 were
on Oct 31, 1903, in treasury. Underlying mortgages, $56,000.
Report for year ending Aug. 31, 1903, V. 77, p. 1292, showed.
Profits above interest and $168,176 for improvements, etc, $410,491:
Officers.— Pres't, Chas. A. Stadler; Seo'y, F. D. 8. Bethune
Treas., Louis L. 8tanton. Directors, Nov., 1903, V. 77, p. 1876. N. Y„
office. 63d St. & E. R.-(V. 77, p, 1876; V. 78, p. 770, 1225.)
American Pneumatic Service Co.— Organization.— Incorporated in June, 1899, under laws of Delaware.— (V. 68, p. 1130, 1179.)
Is the owner of the whole, or nearly all, stock of the Lamson Consol.
Store-Service Co. (V. 68, p. 1073). the Intern. Pneum. Service Co., eto.
Dividends on pref. stock to Jan. 20, 1902. incl.. 6 p. c per an.; since
passed to increase working capital. V. 74, p. 1309, 1357. Underlying bonds Oct., 1903, $388,000 Lamson sinking fund gold 5s, In Jan.,
1904, requirements for construction had been arranged for, to be met
later by an issue of $1,600,000 5 p. c bonds. V. 78, p. 104. 289.
Report for cal. year, 190 1, with balance sheet, was in V. 77, p. 39,
771, showing net earnings $256,869; dividend on pref. (1** p. o.)>
$61,156, bal. sur., $195,713. Arthurs. Temple. Treas., 115 Chaunoy
St.. Boston.-(V. 77, p. 252, 771; V. 78, p. 104, 289, 1225.)
American Radiator.—Incorp. in N. J. on Feb. 14, 1899. See V.
68, p. 329. Proposed new plant near Litchfield, 111., V. 78, p. 104.
Common stook, $5,000,000; outstanding, $4,893,000; par, $100. Dividends on pref., May, 1899, to Feb., 1904, inclusive, 1% p. o. quarterly
(Q-F 15). Report for year ending Jan. 31, 1904. with bal. sheet, V. 78,
p. 986, showed: Net profits, $540,517; 7 p. con preferred. $210,000;
balance. $330,517. Pres., C. M. Woolley— (V. 78, p. 104, 986.)
American Sewer Pipe Co.—See page 1741.
American Shipbuilding Co.— Organization. — Incorporated
New Jersey on March 16, 1899, to unite the shipbuilding and kin-
in
dred interests of the Great Lakes. V. 68, p. 770; V. 70, p. 896;
V. 71, p. 344,1014; V. 73, p. 390. Div. on pref., July, 1899, to Apr. 15,
1904, inclu., 7 p. cper an. (1H Q-J.) On common, 4 p. c for year,
paid quarterly Dec, 1902, Mar., June and 8ept, 1903; in Nov., 1903.
dividends on common were passed for the present. V. 77, p. 2036.
Report for year ending June 30, 1903, in V. 77, p. 1224, showed:
Net earnings, $2,212,841; div. on pref., $553,000; div. on common.
(4 p. c) $228,000; depreciation, maintenance, reserve, etc., $791,086;
bal.. sur., $640,754. Pres., W. L. Brown, Chicago; Sec and Treas., R.
C. Wetmore. Directors. V. 73, p. 390; V. 77, p. 1466. Offices, Cleveland, 0.-(V. 77, p. 1224, 1535, 2036.)
American Smelting
&
Refining Co —Organization, Etc.—
Incorporated April 4, 1899, under laws of New Jersey, V. 68, p.
668. Owns and operates plants for the smelting of ores and the
treatment of lead bullion, copper bullion and copper matte in Utah,
Montana, Colorado. Kansas, Nebraska, Illinois, New Jersey, Mexloo
and elsewhere. The prinolpal merchantable products are bar gold and
sliver, pig lead, electrolytic copper and blue vitriol. Controls the
Kansas City Smelting & Refining Co., the Omaha & Grant Smelting
Co., eto. List of plants, rights of stock, etc, see V. 68, p. 975; V. 68, p.
471, 523; V. 70, p. 232, 281. See V. 76, p. 974; V. 77, p. 2340.
In Apr., 1901, the property of M. Guggenheim's Sons was acquired,,
the stock being increased from $27,400,000 eaoh of common and preferred to $50,000,000 each. The output of lead and silver, it is stated.
V. 71 p. 1271;
Is now about 85 per cent of the production in the U. S.
V. 72, p. 138,724; see circular in V. 72, p. 185. V. 71. p. 1271.
Omaha & Grant Smelt. 1st 6s, due March 1, 1911, $736,000, retirable about $70,000 annually by sinking fund, and $191,000 Pueblo
Smelt. & Ref. 6s, due 1913, are the only bonds.
Dividends on pref. to Apr., 1904, inclusive, 7 p. c per an. (1% Q-J>
On common,
p. c paid Jan., 1904; Apr., 1"4 p. c
Report.— Report for year ending April 30, 1903. at length in V.
77, p. 627, 651, showed: Gross, $9,403,711; net, $7,576,786; dividend*
on pref. (7 p. c), $3,500,000; baL, sur., $4,076,786.
DrRKCTORS— E. W, Nash (Pres't and Chairman of Board). Daniel Guggenheim (Ch'man tx. Com,). Isaac Guggeiheim (Treas J.Solomon R.Guggenheim.
Morris Guggenheim, rtlmon Guggenheim, H. L. Hltrginson, Grant B. Schlev,
,
m
A. R. Meyer, D. H. Moflat, M. D. Thatcher. J. B. Grant, Guy C. Barton, Dennia
t-heedy, N. Witherell, A. Kilers, H. L. Terrell, Barton Sewell, Vice Prest.
Kdgar I Newhouse and Edward Brush, 71 Broa iway.— V. 77 p. 2340; V. 78, p.
I
10*. 770, llOv.
American Snuff* Co.— Organization.— Incorporated in N. J. on
Mar. 12,1900. Amer. Tobacco and Continental Tobacoo.it is understood, own $7,500,000 common and $2,500,000 preferred stook. For
list of properties merged, claimed to have an output in 1899 of about
15,000,000 pounds of snuff yearly, see V. 70, p. 533, 634; statement
to N. Y. Stock Exchange, V. 72. p. 625, 672; V. 74, p. 428. First div.
on pref., 3 p. c, paid Jan. 2, 1901; July. 1% p. c; Oct.l^ p. c; 1902 to
Apr.. 1904, 6 p. c yearly (Ha p. o. Q.—J.) Div. on common, Jan.»
incl., 2*$ p. o. quar.
for year ending Dec. 31. 1903 (In V. 78, p. 986),
showed: Net earnings, $2,177,828; div. on pref. (6 p. c), $720,000;
div. on common (10 p. c), $1,000,170; bal., sur., $357,658. Pres., Martin J. Condon; Sec and Treas.. E. D. Christian, 111 Fifth Ave., N. Y.—
(V. 75, p. 1255; V. 76, p. 540; V. 78, p. 986.)
1903, to Apr., 1904,
Report.— Report
American Soda Fountain.— Seepage 1741.
American Spirits Mfg.— See Distilling. Co.
—
-
.
INDUSTRIAL STOCKS AND BONDS.
1724
——
MISCELLANEOUS.
Date
Size, or
Amount
Par
of
For explanation of column headings, &c, see notes on
Bonds Value. Outstanding
first page of tables.
1801
Amer. Straw Board— 1st M., g., s. f., sub. to call. I II
American Sugar Refining—Common stock, $45,000,000.
Prer. stock, 7 p.c. cum. (not pf. as to ass't), $45,000,000
American Telegraph dt Cable — Stock, 5 per cent rental
American Telephone <t Telegraph— Stock, $250,000,000 ..
o* 1899
Collateral trust mortgage, our. OB (V. 70, p. 40)
1904
Collateral trust notes, gold. oil
Am. Bell deben.OB. V. 67, p. 72. 1355; V. 70, p. 40.0* 1898
Amer. Thread— Prat, stock, $6,000,000 5 p.c, cum.,g.or £
Co' 1899
1st mortgage, $6,000,000, gold or £
American Tin Plate Oo.— See United States 8teelCorp ORATI
American Tobacco Oo. —Com. stock, $56,000,000 auth
Pref. stock, 8 p.c. non-oum.; pref. as to assets anddivs.
American Type Founders— Stock
Pref. stock, 7 per cent, cum ulati ve, $2,000,000
Deb., g., $1,000,000, s. f., $20,000 yrl.v., beg. Sep., '00 M.e
Amer. Walt ham Watch Oo.—Stock, $4.000.000
Amer Window Glass Hach— Stock, com., $13,000,000..
Preferred stock, 7 p. o cumulative, $7,000.000
American Woolen— Pref. stock, 7 p. c, cum., $25,000,000
Amer. Writing Paper—Pref. stock, 7% cum., $12,500,000
L896
lstM., B.f.,g.,$17,000,000, call. aft. July,'09.105.OB.c* 1899
Associated Merchants— Common stock, $5,000,000
1st pref.,5 p.c. cum. ,$10,000,000, convert, at par.. text
2d pref., 6 p. o. cum., $5,000,000
Bethlehem steel and Beth. Iron— Bee U. S. Shipbuilding Co.
Brooklyn Ferry— Stock, $7,500.000
Amerlcan
Sieel
Foundries Co.— See page
a—
50
100
100
100
100
100
100
100
100
100
1,000
100
100
100
Apr.15,'04,
July
May
1,
2,
1.
14
1929
1907
1908
July
Jan.1,'04, 24
Jan. 1, 1919
54,500,000
14,000,000
4,000,000
1,648,800
900,000
4,000,000
See text.
See text.
20,000,000
12,500,000
16,219,000
5,016,000
4,923,500
5,058,500
See text. Q.-F. N. Y., Farm. L. &Tr. Co. May 1, '04, 3
do
May 1.'04, 2
do
8 in 1903 Q.— F.
Apr.15,'04, 1%
Checks mailed.
4 in 1903 Q-J.
do
Apr.15,'04, 1%
do
7 in 1903 <^.— J.
6 g. M. <fe N. N. Y., Merc. Trust Co. May 1, 1926
12 in '03 J. & D. By company's check. Deo. 1, '03, 6%
7 in 1903 Q.-J.15 N. Y., Guaranty Tr. Co. Apr.15,'04,
5
g.
J.
&
J.
Boston, Old Col. Tr. Co,
July
1,
1\
1919
7 In 1903
5 in 1903
Q.-M. Hud. Tr., Hoboken.N.J, Mar 1,'04,1%
6 in 1903
Q.—J.
do
do
Q.-J-
do
do
Apr. 15, '04,
Apr.15,'04,
Ik
14
6.500,000
See V 73, p 1113; V. 72, p
1037; V. 78. p. 1394.
Stock.— See pref. certificate in editorial of May, 1893, Srrp. In 1899
authorized $35,000,000 new common stock, making total $56,000,000,
of which $21,000,000 w<*s paid May 11, 1899, as a 100-per-cent stook
dividend, $12,500,000 was issued to acquire Union Tobacco Co. and
$1,500,000 balance is issuable for other purposes. V. 68. p. 426, 471,
617, 669.925; V. 69, p. 25. Preferred authorized, $14,000,000
Divs.— '93 to '95. 1896.
'97. '98. "99. '00. '01. '02. '03.
1904.
Common 12% yrly. 6 & 20% so. 9 8 *7 6 6 9 114 Incl. May, 6
Pref erred.. 8% yearly (2% quar.) to May., '04, Inclusive. (V. 69, p. 25.)
*Also 100 p. c. in common stock paid on common May 11, 1899.
Annual Report for year ending Dec. 31, 1903, was in V. 78, p. 1107:
12 Mos. Net Earns. Div. on Pref.
Div.onOom. Inl.on Scrip, surplus.
1903.'.$8,664,7*5 $1,120,000 (12%)$6,540,000
$1,004,785
1902.. $7,450,575
820,292
1,120,000 (10%) 5,450,000 $60,283
Officers.—Pres., James B. Duke; Sec, C. N. Strotz; Treas.. B. N.
Duke. N. Y. office, 111 Fifth Avenue.— (V. 78, p. 1 107, 1394.) ,
American Type FoundersOo.— Inoor'd lnl892 under laws of N.
J. V. 55, p. 625 and adv. In 1896 the capital stock was readjusted.
V. 62, p. 682. The remaining $1,000,000 of $2,000,000 new preferred
stock was offered at $12 scrip and $88 cash to pay floating debt, etc.,
payable all at once or $13 on May 1 and $25 on July 10 and Oct. 10,
1903. and Jan. 10. 1904. V. 76, p. 656; V. 73, p. 955. 1358. Bills
payable Ausr. 31.*o3, $394,092. New plant in Jersey City. V.77,p 1292.
Dividends on com.: Oct., 1898, to Apr ,1904, incl., 4 p.c. per an. In
addition In Jan., 1902, 6 p. c scrip and in Apr., 1903, 3 p c. scrip was
paid. Div. on pref., paid July, 1904, to Apr., 1904, incl., 1% p.o. quar.
annual Report.— Report for year ending August 31, 1903, In
V. 77, p. 1292, showed gross profits after deducting expenses,
$434,974: interest charges, $97,587; net, $337,387; div. on common
(4 p.o.) $160,000; div. on pref., $75,551; bal., sur., $101,836.
Pres., R. W. Nelson, 300 Communipaw Ave., Jersey City.— (V. 78, p.289.)
and Continental Tobacoo companies.
1741.
—
Divestm'ts in other comp's.
51,9*6,127
45,270,776
39,111,883
Sugar, raw and refined
12, 3 38,661
15.842,924
12,248,640
Total assets
$134,187,863 $125.8:^,6*1 $1227551^888
Capital stook
$90,00<>,000
$90,000,000 $88,280,370
Debts
31,922,032
24,958,321
24,364,027
Reserves
12,265.836
10,871.320
9,907.491
Total liabilities
$134,la7,868 $125,829,641 $122,551,888
Directors.— H. O. Havemeyer, Chas. H, Senff, Arthur Donner, Lowell M. Palmer, John Mayer, W. B. Thomas, JohnE. Parsons; Treasurer,
Arthur Donner. Transfer office, 117 Wall St., N.Y.— (V. 78, p. 76T.)
American Telegraph &. Cable.— Owns two cables between Nova
Scotia and England. Leased until 1932 to Western Union— which see.
American Telephone & Telegraph Co.— Organization.—
Formerly owned the long-distance lines of the American Bell Telephone Company; in 1900 took over the other assets, including the
securities owned In local companies (see V. 69, p. 826, 907, 1149), also
circular, V. 70, p. 585. See series of telephone articles, V. 69, p. 674,
826. 1034. 1222; V. 70, p. 817. Capitalization of licensee companies,
see V. 73, p. 44 6. 555, 7^4; V. 76, p. 596; V. 77, p. 2036. On Mar 31,
1904, 3,972,095 instruments were in use, against 3,339,635 on Mar.31,
1903. Decision as to Berliner patent, V. 72, p. 439; V. 73, p. 186; V. 76,
p. 214. Pupln patents, V. 72. p. 677; V. 76, p. 332, 596; V. 77, p. 39.
Controls West. Telep &Tel. Co., the successor to the Erie Tel. & Telep.
Oo. V. 73, p. 1267; V. 74, p. 42, 271. Decision as to claim of Western
Union, see V. 77, p. 951, 2160; V. 78, p. 585, 12*0.
Stock.— On June 3, 1901, the authorized stock was lnoreased from
$100,000,000 to $150,000,000 and onMar. 1,1903, to $250,000,000. Of
the new stock, $2 1,943, 200 was subscribed lor by stockholders at par in
1903, all to be lull paid May 6, 1904. This will increase the outstand
lng stock to $131,545,000. V. 76, p. 1356; V. 77, p. 39, 771. In addition $27,116,800 is held by Amer. Bell Telephone Co. and is virtually
unissued.
Dividends.— July. 1900, to Jan., 1904, inclusive, 74 per cent per
annum, viz.: July 16,24; Oot. 15, 14; Jan. 15,24; Apr. 15,14.
Bonds.—The collateral trust mortgage of 1899 provides for the immediate needs of the company and for future extensions as required
and secures equally the coll. trust bonds and the $10,000,000 Bell debentures. V. 70, p. 40; V. 72, p. 874. On deposit of additional collateral
rurtherbonds may be Issued, but to an amount not exceeulug 75 per
cent of the estimated value of the collateral; and the issue at any time
outstanding must not exceed the amount of the company's capital
etpek then paid up. V. 69. p. 1195, 1249; V. 70, p. 40. The $20.000.
000 live p. o. ko d noted of 1904 are secured by deposit of $25 000 000
collateral mist bonds Issued under the indenture of 1899. V.
78, p.
showed:
1903.
1902.
1901
$16,565,632 $13,277,457 $11,606,817
Surplus oyer interest charges.... 10,564,665
7,835,272
7,398.286
Paid dividends (74 P. 0.)
8,119,151
6,584,404
5,05o|o24
Pres.,Frederlok P. Fish. Directors (Mar., 1903). V. 74. p. 682- V 76
655.-IV. 76. 1..1.J56; V. 77, p. 1535, 1748, 2036, 2160, 2341;' V 78
p.
°". -"».i, v. /a,
p. 585, 770, 1169. 12 19,1448.)
American Thread Co.— See page 1741.
American Tobacco Company.— Organized In 1890 under laws
or New Jersey to manufacture and Hell tobacoo.— See V. 64 p 515
In
Deo., 1898, sold its plug tobacco interests to the new Continental Tobacco Co., receiving therefor $30,274,200 pref. and com. stook of the
latter. V. <>H, p. 820. See below. (V. 68, p. 128, 1138.) In Feb
1899
acquired Union Tobacco Co.-V. 69. p. 128; V 7o, p. 533. 896. InJuno'
most of the common stock was aoquired by Consolidated Tobacoo
1901.
which issued its collateral trust 4 per cent bonds on basis of $200
*
bonds for $100 stock. See V. 72, p 1 137; V. 73. p. 1 13
Together with the Continental Tobacco Co. owns $10,000,000 of the
capital stock of the American Snuff Co. and $7,000,000 of the $10 000
000 stook of the American Cigar Co. V. 72, p. 531. The 4 n <•' gold
notes of American Cigar Co. (see that co are guar, by the American
Total gross earnings
'
1
-
)
Feb. 1. 1911
Apr. 1. '04,1%
Apr. 1, '04, 1\
Mar., '04,li4%
ON.
;
Fear ending Dec. 31.
Bonds— PrinciINTEREST OR DIVIDEND8.
pal, When Dae.
Rate per When Where payable, and by Stocks— Last
Dividend.
Whom.
Cent.
Payable
$466,000
6 g. F. & A Bos., Inter. Trust Co.
100 45,000,000 7 in 1903 Q.-J.
Checks mailed.
100 45,000,000 7 in 1903 See text
do
do
100 14,000,000
m. N. Y., West. Union Tel.
5
100 131,545.000
7*2
Q.-J.
1,000 28,000,000
4
j. & j. N. Y.,Manh.Tr.,& Bost'n
20.000.0u0
l,000&o
M. A N.
•' g1,000 10,000,000
4
J. & J. Bost.. Nat. Bk. of Com.
4.890,475 5 in 1903 J. & J. Guar Trust Co., N. Y.
5
500 &0
do
6,000,000 4 g. or & J. & J.
do
American Sugar Keflnlng.-A N. J. corporation, successor in
Jan., 1891, of the Sugar Refineries Co. organized in 1887; plan, V.
Capital stock, originally $50,000,000, was increased
51, p. 609.
In Jan., 1892, to $75,000,000 (half pref.) to acquire
the capital,
stock of the four Philadelphia refineries and a controlling interest in
the Baltimore refinery. Spreckels's refinery in California has been held
under lease to the "Western Sugar Refining Co.," of which the " trust"
owns one-half the stock. Beet-sugar interest acquired, V. 64, p. 841;
V. 77, p. 771
coffee plants, V. 63, p. 1157; V. 64. p. 40; V. 70, p.
Beet sugar refineries in
688, 1051; V. 71, p. 914; V. 72, p. 1137.
U. 8., V. 66, p. 132; V. 68, p. 280; V. 69, p. 1249; V. 76, p. 867. 1194. In
June, 1900, three independent refineries were consolidated as the Nat.
Sugar Refining Co. (see V. 70, p. 1096; V. 71, p. ill). See V. 70, p.
482,634, 998, 1051; V. 71, p. 136, 237. 699. Independents, V. 73, p. 238.
Estimated to have supplied in 1902 about 65 per cent of the output
of refined sugar in the U. 8., as against 90 p. o. formerlv. V. 64, p. 328;
V. 71, p. 31; V. 67, p. 632; V. 69, p. 1104; V. 74, p 96; V. 76, p. 160.
Stock. In 1901 each class of stock was increased from $37,500,000 to $45,000,000 by sale at par to shareholders. V. 73. p. 617.
Div.— P. o. ) 1892. '93. 1894 to 1899. '00. '01. '02. '03
1904.
Common ...> 104 214 12y'ly(3 Q.-J.) 7% 7 7 7 Incl.Apr.,34
Preferred .. ) 7p. o. y'rly to date; nearly all Q.-J. V 71, p. 1168.
Report.— No recent report. Annual meeting in 1904, see V. 78, p. 230.
Balance Sheet—
Dec. 31, 1903.
Dec. 31, '02
Dec. 31, '01
Real estate and machinery. $35,180,05 7
$34,669,191 $34,328,664
Cash and debts receivable. 34,683,022
30,046,750
36,862,702
in V. 78, p. 1219,
Vol. lxxviii.
$1,000
Am. Straw Board.— See United Box Board & Pap.Co.;V 78, p. 766.
Report.- Report for 1903
|
,
American Waltham Watch.— Incorporated
in Massachusetts
manufactures "Waltham" watches; faotory situated at Waltham, Mass. Daily output of watch movements, 3,000. V. 76, p. 161.
Dividends.— ) 1879-95. '96. '97. '98. '99. '00. '01 '02.
1903.
Per cent.
6
6
6
25^ 10 10 10 Below
S 8 yearly.
1903, Mar., 4. p. c; July, 2 p. o., interim dividend for period from
Mar. 15 to June 1, 1903; Dec, 6 p. c, inol 2 extra. V. 77, p. 1876.
Balance sheet Mar. 31, 1903, V. 76, p. lSSS.-HV. 77. p. 1876.)
in 1854;
American Window Glaes Machine Co.— Organization.—
New Jersey on Mar. 6, 1903 V. 76, p, 596, Owns
Incorporated In
exclusive, rights to certain window-glass machine patents in the U. S.
See V. 76, p. 596, 707. In Mar., 1903, purchased nearly all of common
stock of Amer Window Glass Co (see Supp. Jan., 1903). and leased
patent rights to latter on royalty. V. 76, p, 707, 867; V. 77, p. 2282.
Stock.— Stock authorized, common. $13,000,000;
pref., 7 p. c. cum.
par of shares, $100; of this, $6,449,000 common and
$500,000 pref. were issued to acquire patent rights and $6,500,000 of
each were available for purchase of $13,000,000 Am. Window Glass
common stock. The latter company's $4,000,000 cumulative pref.
stock (in shares of $100) is protected in its right to divs. of 7% per
annum as paid Mar., 1900. to Mar., '03, semi-annually. V. 76. p. 707.
President, Adrian H. Larkin, Secretary, 8. Lawrence Bodine, Pittsburgh, Pa.— (V. 76, p. 596, 707, 867; V. 77, p. 2282.)
American Woolen Co.— Organization.— Incorporated Mar. 29,
1899, under laws of New Jersey as a consolidation of the Washington
Mills, Lawrence, Mass.; National Providence Mills, Providence, R I.,
etc., see V. 68, p. 472; see also p. 617; V. 69, p. 77; V 73, p 446; V.73,
p 446; V.71, p.j4S Statement to Stook Exchange. V. 71. p. 1316.
Stock.— Authorized by stockholders, $20,000,000 preferred and $30,000,000 common. Outstanding preferred, as in table; common, $29,501,100. Dividends on preferred, July, 1899. to Apr, 1904, both inclusive, 7 p. c. per annum (Q.-J. 15). Only lien is $05,000 bonds of
Chase Mills, already provided for. V. 71 p. 1 316
Earnings.— Report for year ending Deo. 31, 1903, inV. 78, p. 985,
1118, showed: Net profits, $3,34 ,520: previous surplus and adjustment of acots., $4,611,076; divid'ds at 7 p. c. per an., $1,400,000; net
surplus, $6,554,536. Pres., Fredk. Ayer; Vice Pres. and Treas.. W.
M Wood; Asst. Treas., W. H. Dwelly Jr.; Sec, Jos. T.Shaw. Office.
Ames Building, Boston, Mass. Directors, Mar., 1904, V. 78, p. 1118
si
-(V. 78, p. 98 6,
OS.
$7,000,000;
,
-f
1
I
1
I
1
American Writing Paper Co.— Organization.— Incorporated,
in New Jersey on June 25, 1899, as a consolidation of fine writing
it was stated, over 84 per cent of the output of
States and over 76 per cent of that of the U. S. V. 69,
p. 25, 128. See prospectus, V. 69, p. 128.227. Common stock, $11,500,000. of which $2,000,000 In treasury; par of shares, $100; preferred stook and bonds as in table. See V. 70, p. 998.
Of the $17,000.000 bonds. $381,000 were in the sinking fund in Jan., 1904. and
$400,000 in the treasury uncanceled. V. 76, p. 540. Report for cal.
year 1903. with balance sheet. In V. 78, p. 818, 1221, showing: Net income, $1,173,852; int. on honds, construction, depreciation, etc., $1,099,742; bal., sur., $374,110; sinking fund, $115,575.
Officers.— President, W. N. Caldwell; Treas'r, George B. Holbrook
Secretary, E. H. Hall, Holyoke, Mass. -(V. 78, p. 770, 818,1221.
Anaconda Copper Mining.— (V. 74, p. 832; V. 75, p. 136, 850.)
Asphalt Co. of
SeeNat. Asph. Co. and V. 74, p. 42; V. 78, p.
Saper mills, produoing,
ew England
Am.—
Associated Merchants* Co.— Organization.— Incorporated In
in Connecticut, under speoial charter, and aoquired
$4,500,100 of the $9,000,000 stock of the H. B. Claflin Co; 12,000 of the 18,000 shares of preferred and 6.000 of the 18.000 shares
of com moo stock of the Adams Dry Goods Co. and the business of
James MoCreery & Co. of 23d 8t. In Deo., 1901, purchased the bustApr., 1901,
:
4
;
INDUSTRIAL STOCKS AND BONDS.
Apr., 1904.]
MISCELLANEOUS.
Date
Size, or
Amount
of
Par
For explanation of column headings, <fec, see notice on
Bonds Value. Outstanding
first page of tables.
I
172
INTEREST OR DIVIDENDS.
Rate Per Wben Where Payable, and by
Payable
Whom.
Cent.
1
Boiuts
'>
— frinc
pal, When
Due.
Stocks— Last
Dividend.
i
B'klyn Ferry ( Oonel J— B'klyn & N. Y. Ferry, 1st M. o*&r
oA
Consol. mortgage, $7,500,000.
Union Gas— Stock, $20,000,000
Brooklyn
1st con., $15,000,000, g. G (for underlying bds.see text)
Debentures, convertible after 3 years
Buffalo Oas—lBt M., $5,900,000, red. at 115, gold.N...c*
18«6 $500&o. $1,000,000
6
1898
1.000
6,500,000
5 g.
100 15,000.000 8 in 1903
1895
1.000 14.546,000
B g.
1904 500 Ac.
6
3.000,000
1897
5.8O5.000
1,000
5 g.
1,000
5 g.
3,000,000
Buff. <£ Sus. Iron— 1st M., $3,o00,<00, g., red. text.NC&r 1902
4 a.
1,000
Buih. Terminal Co.— 1st M., $3,fS00,0u0. oonv. text Ko* 1902
2,991,000
50
8,468.000 4 in 1903
Cambria Iron— Stock (4 p. c. guaranteed)
50 4!S.000.000 3 in 19o3
Oambria Steel— Stock, $50,000,000
1900
1,000
5
1,275,000
Term notes, part due Deo. 1ft. yearly
100
Celluloid Oo.— stock, $6,000,000 authorized
5,925,000 8 in 1903
gold, red. 105. ... 1899
M. 863,000
6 g.
Central Fownrfry- Deben., $1,000,000,
i'oo
Oentral <£ South American Telegraph— Stock $8,000,000..
7,725,600 6 in 190
1903
100
Chicago Junction Railways <£ Union Stock Yards— Stock..
6,500,000 8 in
100
Preferred, 6 per oent cumulative, pref. also as to assets.
6,500,000 6 in 1903
1890
1,000
c*
Collateral trust, gold, $ or £ Ce
10,000,000
5 g.
Mort. and coll. trust ref. gold bonds, $14.000.000.S.o*<fcr 1900 l.OOO&o
4,000.000
4g.
100
Chicago Pneumatic Tool Co.— Stock, $7,500,000.
6 032,900 See text.
100
Clajlin (H. B.) Company— Common stock
3,829,100 8 in 1903
100
1st pref. 5 per cent, gold, cum
2,600,300 5 in 1903
$ pref. as to prinoi100
2d pref. 6 per cent, cumulative
2,570,600 6 in 1903
\ pal and dividends.
Iron— Oonv deben., red. at 105 IC.Cfer 1901
1,000 14,068.000
Colorado Fuel
1,000
Colorado Fuel Co's gen. mort., gold, s.f., red.HO.OTp.c" 1889
604,000
1,000
Col.F. & L gen. M. ($6,000,000) g.,s.fd., red. 105.Ce.c'<fcr 1893
5,355,000
5 g.
New Bonds to b^ I-sued Under Plan.
1904
Consoi. 1st morteage, $45,000,000, convertible. TV
31.000.000
5 g.
K
I
i
<£•
ness of Posner Bros of Baltimore (now Stewart and Co ) and in 1903,
2,000 shares ($200,000) of the$250 000 common stock of C. G.Guntner's
Sons. V. 77, p. 449. V. 73, p 1358. The business of H. O'Neill & Co.,
purchased by President Claflia, will probably be taken over later.
The 1st pref. is exchangeable at par, at holder's
v. 76, p. 540.
option, into either com. or 2d pref. stock.
Dividends -On preferred stocks, in full to Apr., 1904 (Q-J.) On
common, Deo, 1902, to Mar., 1904. both incl., 1% p. c. quarterly.
Report.— Report for 6 mos. ending Feb 1, 1904, with balance
•heet, was In V. 78, p. 1108. President, John Claflin.— (V. 78, p. 1 108.)
Bay State Gas Co.—Stock, $250,000,000; par, $50. See p. 1741.
Barney Smith Car Co.—See page 1741.
Bethlehem Steel Co.—See United States Shipbuilding Co.
Borden'* Condensed milk Co.—See page 1741.
&
Brooklyn Ferry.—Organization.— Owns ferries from Roosevelt
Grand 8t., 23d St. and 42dSt., New York, to Broadway, Brooklyn,
and from Grand St., New York, to Grand St., Brooklyn; also leases
Tenth
Twenty-third St. Ferry for 99 years from Dec, 1898, at 5 p. o.
on $550,000 bonds and 5 per oent on $1,000,000 stock. V 67. p. 1206.
St.,
<fc
Statement to N. Y. Stock Exchange (V. 69, p. 1102). Mortgage
covers real estate In Brooklyn and N. Y. and 16 steel boats. Report
for year ending Deo. 31, 1903, in V. 78, p. 1277, showed: Gross, $1.420.495; net, $612,422; int. on bonds, $385,000; rentals. $77,500; balanoe, sur., $149,922— (V. 74, p. 1250; V. 76, p. 868; V. 78, p. 12 77.)
Brooklyn Union Gas.—Incorporated in New York
State Sept. 9>
1895. See plan V. 61, p. 831, and V. 62, p. 1141; V. 64, p. 887.
Stock. Etc. -Stock was authorized Deo. 30, 1903. to be increased
from $15,000,000 to $20,000,000 for extensions and improvements.
Pending issue of stook, $3,009,000 five-year 6 p. o. debentures were
subscribed for by stockholders pro rata at par, convertible into stock
at par after 3 years. V. 77, p. 2341; V. 78, p. 289.
Dividends.— 1896 to June, 1900. 6 p. c. yearly, paid seml-an. (J-D)
Dec, 1900, 4 p. c; 1901 to Mar., 1904, incl.. 8 p. o. yearly.
Bonds.— Mortgage of 1895 is for $15,000,000 of bonds, subject to
Bonds.
Interest.
Outstanding. Maturity.
Citizens' Gas 1st
Apr. 1, 1905
»33.000
5% A. & O.
Citizens' Gas, con.
5%F.&A.
256,000
Feb. 1, 1940
M
Union Gas 1st M
Union Gas L. con.
Pres.,
M
M
James Jourdan;
6%J.&J.
5% J. &J.
Treas., E. R.
129,000
36,000
Chapman.— (V.
July
Jan.
1,
1,
1905
1920
78, p. 50, 289.)
Brooklyn Wharf &, Warehouse.— See New York Dock Co.
Brunswick Dock <V Improvement Co.— See page 1741.
Buffalo Gas.—Organized in Oct., 1899, and consolidated the
Buffalo City Gas Co. and Buffalo Gas Light Co. Owns entire etock and
bonds of the Mutual Gas Light Co., all the stock of the Citizen's Gas
Co. of Buffalo, and about 27.000 of 30,000 shares of stock and $2,043,000 of $2, 100.000 bonds of People's Gas L. & Coke Co. (V. 67, p. 1262).
See listing, V. 77, p. 34. Stock common, $7,000,000; pref., 6 p. o. nonoum., $2,000 000, of which $1,713,000 outstanding; par $100.
Ootober 1 to Mar. 31. 1904, 6 months, net, $180,937. Report for year
ending Sept. 30, 1903, la V. 77, p 2337. showed net, $341,212; int on
bonds, $290,250; bal., surplus, $50,962. A. C. Humphreys, 31 Nassau St., Pres.— (V. 76, p. 707, 920; V. 77, p. 34, 299, 2337.)
ltu Halo A- vusquehanna Iron Co.— Organization.— ("See Map. )
—Incorporated in New York May 14, 1902, and owns 50 acres on Buffalo
Harbor, South Buffalo. N. Y., on which has been built a plant with two
blast furnaces having a capaoity of 600 to 700 tons of pig iron daily.
This plant is to be in operation early in 1904. Leases for 50 years ore
lands in Mesala range, Lake Superior region, ne-ir Hibbing, Minn., and
in Menominee range at Iron Mountain, Mich., and coal lands at 8ykesville, Pa., in the well-known Reynoldsville basin.
Controlled by Wm.
A. Rogers o f Rogers, Brown & Co., Hagh Kennedy of Pittsburgh and
F. H. & C. W. Goodyear or the Buffalo & Susquehanna Ry., which is
building extension to Buffalo. See that oo. under railroads: also V 74,
p. 1040, 1092; V. 75, p. 795; V. 76, p. 596; V. 78. p. 770. Stock $600,000.
Bonds.—The $3,000,000 first mortgage gold 5s of 1902, (N.Y. Security & Trust Co., trustee), are due June 1, 1932, but are subject to oall
as an entire issue at 107 *a and Interest on any interest day after June
1, 1907; they are also redeemable at par for the sinking fund in the
order of their numbers, beginning at the lowest number at the rate of
$100,000 yearly from June 1,1907, to June 1, 1931, both inclusive.
President, Wm. A. Rogers.— (V. 77, p. 453; V. 78, p. 770.)
Kik.1i
Terminal Co.— Organization,
Etc. - Incorporated In New
14, 1902 (V. 74, p. 477), to own extensive terminals on
the water front, 43rd to 51st streets, Brooklyn, warehouses, etc See
full statement In V. 76, p. 974, 1032: V. 77, p. 1227.
York on Feb.
Securities —Stook authorized. $7,000,000, all of one kind (par of
shares $100 each), of which $3,503,000 outstanding, the balance being
reserved tor the conversion of the bonds at the option of the holders
$ for $, on or before Jan. 1. 1910. Of the first (convertible) 4s (+3,500,000 authorized issue) $509,000 is reserved for future requirements.
See \ 7b, p. 974. Report for 6 mos. ending Jan. 31, 1904. in Chronicle of April 30 showed: Net earns., *84,746: int taxes, etc, $b8,^98;
bal.. sur., $ 16,348. Pres't, Irving T. Bush; Vice Pres., O. J. Lawrence;
Treas., R.Gould Simonds; Sec, Frank Gallagher. Offioe.117 Pearl
.
,
Y.— (V. 77, p. 1227.)
Butterlck Co. See page 1741.
C ^ lum>?*^ ,^ cla Mining.— Stock,
1
96
Street, N.
.,
^'
?§2q o 2 80
18 ^"<?,'
'
100
l\,°- ;
$2,500,000; par $25.
Divi-
«&A 1896 '97, 120 p. c; in 1897-98, 160 p. c in
1899-00, 320 p. c; 1900-1, 260 p.c; Dec. 1900,80 p.
;
;
.
;1901, Anr.,60 p. c; July. 60 p. c; Oct., 60; 1902, Jan., 40; May. 20;
Aug., 20; Dec, 20 p. c; 1903, Mar. 20 p.c; June. 40 p. o.; 8ept.,40 p.c;
Dec., 40 p.c; 1904. Mar. 40 p.c As to dividend policy In 1901,
V. 73, p. 393. In 1901-02 produced 39,982 tons of refined copper,
C
i
&
J. B'klyn, First Nat. Bank
Jan. 1, 1911
& A. N. Y., H.B. Hollins & Co. Aug. 1, 1948
Q -M. By check from Co. 's off. Mar. 1, '04, 2%
J.
F.
M.
M.
A.
J.
A.
A.
F.
&
&
&
&
N. N. Y., Chase Nat Bank.
&
&
&
N. Y. Of.. 30
Wash.
PI.
&
N. NY. Bar'g,Magoun<teCo.
Q .—J. N. Y., Office. t\d B'way.
o .-J. N.Y.,Office,25 Broad St.
do
do
o .-J.
j. & J. N.Y., Cent. Tr.; London.
Standard Tr. Co
A. & O. N. Y..
Checks mailed.
Q .-J.
Checks mailed.
o, —J.
Q — F.
— F.
F. & A
M. & N.
F. & A.
...
1945
1909
1947
1932
1952
To Dec. 15,*06
16
Q.—J.
.
1,
1,
1,
O. N. Y., Standard Tr. Co. Oct.
D. V. Y., Fisk <te Robinson. June 1,
O. N. Y.. Knlck. Trust Co. Apr. 1,
Checks mailed.
Apr. 2, '04, 2%
o.
Feb 15,'04,75o
\
do
do
J.&D.
M.
May
Mar.
8.
do
do
do
do
May
1,
1919
Apr. 7, '04,
H«
Apr. 1, '01, 2%
Apr. 1,'04, l*fl
July 1, 1915
Apr. 1, 1940
Jan. 25.'01, \
Apr.l5.'04,2%
Ajjr.30.'04,lH
Apr.30,'04,lifl
flee text.
Aug.
N. Y., Metro)). Trust Co.
N.Y., Chase Natl. Bank
May
New
.
Apr. 1.'04, 1**
Feb.
York.
1,
1,
1,
1911
1919
1943
1934
against 36,*27 in 1900-01. Report for year ending Apr. 30, 1903
V. 77, p. 197.-(V. 77, p. 2099.
Cambria Steel Co. —Incorporated In Penn. in Nov., 1898, per plan
in V. 67, p. 688, leasing the Cambria Iron Co. for 999 years at 4 p. a.
on its $8,468,000 stock. (V. 68, p. 128.) V. 75, p. 443, V. 76, p. 862; V.
78, p. 1166.
In June, 1901, a controlling interest was acquired bv the Pennsylvania RR. and affiliated roads. V. 72, p. 1282, 1190. V. 73, p. 84, 393.
Of the $1,275,000 of 5 p c. notes, $665,000 are payable in 1904,
$45,000 in 1905 and $565,000 in 1906.
Dividends.— Since reorg. 1902 to Feb '04, incl., 3 p. o. yearly.
Report for year ending Dec. 31, 19^3, with balance sheer was in
V. 78, p. 1166, showing net, $3,048,755: other income, $424,125;
charges. $464,614; dividends (3 p. c.) $1,350,000: depreciation, $400,Directors, V. 73,
000; imp't fund, $500,000, bal., sur., $758,266.
p. 339, 844.— (V. 76, p. 656, 862; V. 78, p. 1166)
Celluloid Company.— Organization.— Incorporated Nov. 28,
1890, in N. J. 8took, $6,000,000; issued $5,925,000; par, $100.
Dividends,. ) '93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. '04
7
Per cent.... $ 5ifl 4
4 4*9 4 4*« 6 7
8
8 Ino.Apr.,5
Factories at Newark, N. J.: office, 30 to 36 Washington Place, N. Y.
President M. C. Lefferts; Vice-President, J. A. Bartow; Treasurer, F.
R.Lefferts; Secretary, J. R. Halsey.-(V. 71, p, 1168; V. 75, p. 1304.)
>
:
,
Central Fireworks Co.— See page 1741.
Central Foundry Co.— See page 1741.
Central & South American Telegraph.—Owns cable line from
Vera Cruz, Mexioo, to Valparaiso, Chili, 4,750 miles, and land lines
850 miles, etc Also the Trans-Andine telegraph lines, 1,2©0 miles.
Connects at Vera Cruz with Mexican Telegraph Co., and owns an interest in cable between Galveston and Coatzacoalcos, 825 miles, etc.
'88-'96.
'97.
Dividends, ) 1885. '86. '87.
1898 to Apr., 19047y'rly
4
6 yearly (CJ.-J.).
Percent. S 4
6
6%
In 1890 20 per cent in stook. Report for year ending Dec. 31, 1903,
was In V. 78. p. 1225, showing gross, $1,072,134; net, $666,838; div.
(6 p.c). $463,536; renewals of cables, $62,710; bal.. sur., $140 591.
Year 1902, gross, $1,002,571; net, $614,540; dividends, $463,536.
Office, 66 B'way.— (V. 75, p. 1304; V. 76, p. 1028; V. 78, p. 1225.)
Central Union Telephone Co.— See page 1741.
Chesapeake & Del. Canal.- See page 1741.
Chesapeake & Ohio Canal— Sup. '90; V.74, p. 329; V. 78, p. 1111
Chicago Edison.— V. 76, p. 1083, 1194, 1303; V. 78, p. 1500.
Chicago Junction Hallways 6c Union Stock Yards.—Organization.— Incorporated in 1890 in New Jersey, and purchased 98
per cent of the stook of Union Stock Yards & Transit Co. of Chicago.
Thus controls over 450 aores of land (with one mile of water front),
containing warehouses, sheds and pens to accommodate 75,000
oattle,
300.000 hogs, etc
Dividends.— On
1892
See Chicago J unction Ry., in "Railroads."
common 1891, 10;
pref., 6 p. o. yearly (Q.— J.). On
to Apr., 1904, incl., 8 p. c yearly (Q-J). V. 70, p. 328.
Bonds—The collateral trust bonds are scoured by pledge of over
120,000 shares of the stook of Union Stook Yard Transit Co. Of the
$14,000,000 4 per cent bonds, $10,000,000 are reserved to take up
the collateral trust 5s. See V. 70, p. 1251 V. 72, p. 389.
Report.— Report for 1903 in V. 78, p. 764.
1903
Tear ending Dec. 31—
1902
1901.
$1,849,175 $1,852,388 $1,857,625
Dividends of U. 8. Y. Co., &o
522,922
Balance previous year
366,929
236,911
65,412
General expenses, rents, <fcc
71,395
62,608
660,000
Interest on bonds
660,000
706,000
910,000
Dividends
910,000
910,000
55,000
Depredation
55,000
55,000
Balance, surplus
$68l,6a5
$522,922
$366,928
;
Un8tockYds.ATr.Oo.— 1903.
1902
1901.
$\140,000 $4,547,197 $4,401,216
1900.
1,154,481
2.062,824
2,075,360
2,117,851
2,085,005
Directors.— Chaunoey M. Depew (Chairman). E N. Foss, Boston;
National Thayer, Boston; John Kean, N. J.;
F.
H. Prince,
Boston; Albert H. Veeder and P. A. Valentine, of Chicago: Wm. D.
Guthrie and William C. Lane, of New York; George Peabodv Gardner,
Boston. N. Y. office. 25 Broad St.— (V. 78, p. 286; V. 78, p. 764.)
Chicago Pneumatic Tool.—See page 1741.
Chicago Telephone Co.— ( V. 73, p. 289, 585, 990, 1274.)
Gross earnings
Net earnings
Claflin (H. B.) Company.— Incorporated under the laws of New
Jersey in May, 1890, and deals in dry goods. Frontage 375 feet on
"
Worth 8t., N. Y. City. V. 71, p. 83. Assoolated Merchants' Co. owns
$4,500,100 of the $9,000,000 stock. See that co. above. V. 72, p. 724.
Divid'ds.— '93. '94 to Apr. ,'99. J'y.<fcO.,'99. '00 '01 '02. 03. 1904.
6(li«Q.-J.i
7*2
2 each.
Com., p.
8
8 Inc. Apr.,
8
8
Preferred stocks— In full to May, 1904.
Report.— Report for half-year ending Deo. 31, 1903 (V. 78, p. 226).
Net for dividends, $315,852, against $312,185 in 1902; interest on 1st
and 2d pref., $142,125; dividend on common (4 p. c), $153,164; balance, sur., $20,563. Reserve for com. stook Dec. 31, 1903, $1,261,324.
Profits for calendar years before deducting any dividends: In 1903,
$619,847; in 1902, $629,563; in 1901, $650,554.— (V. 78, p. 226.)
Colonial Sugars Co.—V. 77, p. 1224, 1227, 1239.
Colorado Fuel dc Iron Co.— A Colorado corporation formed
In October, 1892, by consolidation [V. 55, p. 373, 639,1 of Colorado
Fuel and Colorado Coal & Iron companies. See V. 62, p. 461. In June,
1903, the Rockefeller-Gould Interests assumed control, V. 76, p.
1410. The annual capacity of finished steel products is to be 550,000
c
1726
INDUSTRIAL STOCKS AND BONDS.
[Vol. lxxviii.
INDUSTRIAL STOCKS AND BONDS
Apr., 1904.]
MISCELLANEOUS.
Bonds — Pnnol
INTEREST OR DIVIDENDS.
pal When Due.
Rate per When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
•
Date
Size, or
Amount
:
of
Par
For explanation of column headings, &c, Bee notes on
Bonds Value. Outstanding
first page of tables.
Ool.Fuel <& Iron—(Ooncl J— Bonds of Properties Contr OLLED
Gr. Rlv. Coal & Coke 1st M.. g. ($125,000 guar.).Ce..o* 1889 $1,000
1,000
Col. Coal & Ir. Devel., 1st M., g., gu., red. 105.Ce..o*&r 188!)
1901
Rooky Mountain Coal & IroD, 1st mort , gold, guar
i',606
Col.dt. Hock. Coal <t Iron—1st M.. g., (old 6s int. red.JOe.o* 1887
100
Commercial Cable—Stock auth. $25,000,000 (V.76, p. 215)
First M. (inol.deben. (£ stock), $20,000,000. gold.F.c&r 1897
25
Commercial Union Telegr.—Btk.., gu., 6 p. o., Post.Tel.Cab.
100
Oonsol. Oas of Baltimore— Stook auth., $11,000,000
o 1880 500 &o,
1st mortgage bonds
0* 1888
1,000
Consol. 1st M.,gold, $7,000,000.
o* 1902-3
1,000
Certificates of indebtedness, gold, red. after 5 years.
100
Consolidated Gas (N. Y.J- Stock— $80,000,000
I
$&£
WeBa
r
1888
1,000
N.Y.Ed.-N.Y.G.&E.L.H.&P.lstM.$15000000,g.IWoo\fcr
Pur.mon.M.,$21,000,000,g..8ub.tooaIltoFeb'02Ce.o*
Edison Eleo. 111., N. Y., 1st M.. gold, red. at 110.Ce..c
o*
First oonsol. mortgage, $15,000,000, gold.
Mt. Morris Eleo. Lt., 1st M., g., red. at 105 Oct. 1, 1900
United Eleo. Lt. & Power, 1st mort., $5,370,000. Un...
1898
1899
1890
1895
1890
1894
$934,000
673,000
750,000
830,000
15,000,000
20,000,000
500,000
eg.
5
g.
5
5
8
4
g.
6
10,770,968 See text.
6
3,584,500
3,253,000
5 g.
4iflg.
1,500,000
80,000,000 8 in 1903
5
1,461,000
1,000
1,000
1,000
1,000
1,000
1,000
Debentures
Bonds of Companies Controlled.
Mo
Brush Electric Illuminating, 1st mortgage
Equitable Gas L. cons, (now 1st) M.Ce
Debentures, subject to call
N.Y.& East River Gas 1st mort. ,g. Go*
]
Assumed by
New
I
|
(
1896
1894
1895
1898
1
Amsterdam]
Gas Co.
[
1st oon. M., ($5,000,000),gold.K. .o* J
1st cons. M.. gold. $20,000,000.. Ce.o*<fer
.
New Ams'dam
15,000,000
20,929,391
4,312,000
2,188,000
988,000
4,838,000
275,000
1,000
3,500,000
100
500,000
1,000
3,500,000
1,000
1,500,000
l.OOO&c 10,635,000
V. 73, p. 561; V. 75, p. 1149. Owns entire stock of Colorado <fe
Ry., 170 miles, which in Mar., 1903, made a mortgage to
secure $7,500,000 4 p. c. bonds (present Issue $4,500,000). SeeRRs.
Stock.— Preferred is $2,000,000 8 per cent cumulative (par $100).
Stock increases, see V. 69, p. 494, 540, 697; see also circular in full, p.
652, 653, 794, and circulars V. 72, p. 1284.
Bonds.— See application for listing gen. mort. bonds, V. 62, p. 461.
The 5 p. o. debentures of 1901 are convertible at the option of
the holder into common stock at par from Feb. 1, 1902, to Aug. 1,
1906, inclusive, and redeemable at the option of the company at 105
after Aug. 1, 1906. See V. 72, p. 990; V. 73, p. 561; V. 74, p. 731; V 77,
p. 2037. In July, 1903, $932,000 had been converted. V. 74, p. 939.
Dividends.— '94. '95. '96. '97. '98 '99. 1900. '01. 1902. 1903.
tons.
Wyoming
1903
1902
1901
3^
Nonesince.
4
40
8
Feb., 4%
8
Reorganization Plan.— The plan (V. 77, p. 2037, 2282, 2341) proSosed in Dec, 1903, by the committee (James A. Blair, Chairman,
4
so.
Y. Sec.
.
.
>
Fuel department
$9,304,427
Iron and steel depts.. 6,981,828
Retail dept., etc
367,708
.
,
$960,100
$1,305,022
926,781
26,046
1,014,955
28,033
$16,653,963 $13,860,595
Total
$6,683,952
6,873,052
303,591
$2,257,849
$2,003,088
Bal.to lno. acct. aft. deduct'g gen. expenses.. $1,990,983 $1,801,925
Other Income In 1902-3, $66,359; interest, $1,045,143; taxes, $115,476; sink, fund, etc., $613,111; div. on pref., $80,000; bal.. $203,612.
Officers.— President and Chairman of Board, F. J. Hearne; VioePres., E. Parmalee Prentioe; Secretary, D. C. Beaman.
Denver, Col. New York office, 35 Wall St.
Directors:— F. T. Gates. J. D. Rockefeller Jr., E. Parmalee Prentice, J. A.
J. Gould. Benjamin Nicoll. J. H. McClement, John C. Osgood. F.
J. Hearne, E. W. Oglebay. Edwin Hawley, E. H. Harriman and James H. Hyde
Executive Committee F. J. Hearne Cha'rmanl, J. D. Rockefeller Jr., Geo. J.
Gould, F.T. Gates, John C. Osgood.— (V. "78, p. 60, 281, 345, 585, 1600.)
Coliinibii* A Hocking Coal
Iron Company.— Organized at
ColumbuB, O., Jan. 26, 1883, and owns large coal and iron properties
(13,250 acres of land) in Ohio.
See V. 44, p. 278; V. 63, p. 559.
Organization.— Reorganized in 1898 without foreclosure per plan
In V. 65, p. 976, interest being reduoed from 6 to 5 per cent.— V. 65, p.
Offioe
Kebler, Geo.
•
&
367, 976; V. 67, p. 28—see end't on bond V. 66, p. 81. Stook, common,
$7,000,000 (par $100); outstanding, $6,924,400; balance reserved to
retire $18,900 remaining 5 per oent pref. stook. V. 72, p. 1185. Dividends on common stock, 12 p. 0. Deo. 1, 1902; in 1903, Mar., *a p. o.;
July, ifl p. c; 1 p. c. payable quarterly In instalments of *4 p. 0. each,
beginning Nov. J 4, 1903; Mar. 1, 1904, 14 P c; paid at Farmers' Loan
& Trust Co., N. Y.
Earnings-11 months, ) 1903 4
Gross, $173,879; net, $137,738
Apr. 1 to Feb. 29.
$1902-3
Gross, 208.857; net, 1"2,*>89
Burp, over charges, $66,38tf in 1903-4, against $10 J.189 in 1902-3.
Report.—Report for year ending Mar. 31, 1903, V. 76, p. 1246:
Tr. to Mar. 31.
Gross.
Net.
Other inc.
Charges. Bal., sur.
1902-03
1901-02
$618,872 $179,087
$80,504 6$98,583
601,153
90,673
*18,424
55,512
50,027
* Bonus on exchange of stook, etc.
§ From surplus as above in
1902-3 was paid 1 p c. ($68,986) on common, leaving net surplus for
year $29,597. Directors, May, 1903, V. 76, p. 1145— (V. 78, p. 1448.)
Commercial Cable Co.— Owns three cables from Nova Scotia
to D-eland one from Ireland to Havre, France two from Ireland to
Bristol, England; two Nova Scotia to New York and one to Rockport,
Mass., <fec; and one from Fayal (Azores), to Canso (Nova Scotia), one
from Fayal (Azores) to Ireland; total oables 13,000 miles. Also controls
Commerolal Paoiflo Cable Co., whose lines from San Francisco via
Hawaiian Islands to the Phillipine Islands, 8,000 miles, were opened
on July 25, 1903. V. 76. p. 541; V. 77, p. 39, 198.
Ja
97 Po8tal Teleg. Cable Co. was purchased and its stock of
», e Sxi'^
$15,000,000 mostly exchanged, $ for $, for 4 p. c. bonds. The 1st mort.
covers all property and leases and also the stocks owned of the various
oompanies controlled -see V. 64, p. 951; V. 72, p. 535. Postal Co. Deo.
31,1903, had 200,972 miles of wire (land lines), 3,017 offices. The
;
;
'
.
O. N. Y. .Knickerbocker Tr.
J. N. Y., Ladenb'g,T.& Co.
Apr.
Apr.
1919
1909
M. <fe N. N.Y.,KniokerbockerTr. May
1951
J.
J. N. Y., Central Trust Co. Jan.
1917
Q.-J.
N. Y., 253 Broadway. Apr. 1,1904,2
Q.-J. N.Y., F.L.& T.Co. &Off Jan. 1, 2397
1,
1,
1,
1,
New York.
& J.
Jan., 1904, 3%
& D.
Baltimore.
June 1, '04, 2
& J. Farm. & Mer.Bk., Bait. July 1, 1910
& J. Nat. Bank of Bait.
July 1, 1939
& J. Colonial Tr. Co., Bait. J'ly*12-J'ly'13
M.15 N. Y., Office, 4 Irving PI. Mar. 15, '04, 2
& N.
do
do
May 1, 1908
J. & D. N. Y., Morton Trust Co. Deo. 1, 1948
F. & A. N. Y., Central Trust Co Feb. 1, 1949
M. & S. N. Y., Guaranty Tr. Co. Mch. 1, 1910
J. & J. N. Y., Morton Trust Co, July 1, 1995
M. & S. N. Y., Cent. Trust Co. Sept. 1, 1940
J. & J. N. Y., Union Trust Co. July 1, 1924
New York.
J. & J.
M. & s. N. Y., Central Trust Co. Mch. 1, 1932
M. & N.
do
do
May 1, 1906
J. & J. N.Y. Guaranty Trust Co. Jan. 1, 1944
J. & J. N. Y., Kniok'b'r Tr. Co, Jan. 1, 1945
New York Office.
J. & J.
Jan. 1, 1948
J.
J.
$2,513,440
2.383,589
2.259,896
$804,913
800,000
783,694
Commonwealth
Electric Co. of Chicago.— (V. 76, p. 1083.)
Compressed Air Co. ofBor, of Manhattan.— See page 1742.
Consolidated Car Heating Co.— Supplies steam and hot water
& Trust Co.,
N. Y., depository) provides that the Fuel Comto be organized shall create an issue of
$45,000,000 convertible consolidated first mortgage bonds covering
the entire property as reunited under the plan, dlreotly or by pledge
of debentures, subject to the existing divisional liens. About $13,600,000 cash will be provided to repurchase properties sold, pay for
enlargements and improvements, complete additions in progress and
enable the company to operate with reasonable economy. The common
stook will be increased about $6,200,000, as shown below. The new
bonds are issuable or reserved as follows:
Issuable in exchange $ for $ for present debentures
(which also receive 20 p.c, $2,800,000, in common stock) $14,000,000
To provide approximately $13,^00,000 for repurchase of
properties sold and for additional capital, together with
about $3,400,000 common stock, about
17,000,000
Reserved to retire $ for $ the existing flrft mort, bonds..
6,000,000
Reserved for additional capital and future requirements.
8,000,000
Tlie bonds issued in exchange for debentures will be likewise convertible Into stock at par. A syndicate has agreed to underwrite the
$13,600,000 cash payment, receiving $1,000 In bonds and $200 in
stook for eaoh $800 paid, the stockholders and then the debenture
holders to be given the right to subscribe on this basis. In April,
1904, about $12,250,000 of the $14,068,000 old bonds had assented.
The interest on the deposited debentures due Feb. 1, 1904, was advanoed. V. 78, p. 345.
Report.—Report for 1902-03 in V. 77, p. 693.
Gross
Net
Tear end'g June 30. 1903.
1902.
1903.
1902.
.
&
&
&
$1,200,000 $500,000
500,000
1,066,664
500,000
1.066,664
253 B'dway, N.Y.— (V. 77, p. 39,91, 198; V. 78,p. 990, 1 107.)
$11,025,634
10.208,293
9.629.794
Office.
8
pany or a new corporation
A.
J.
Postal Co. has also working arrangements with 75,273 miles of wire, and
handles business for 16,960 additional offices. V. 74, p. 1357; V. 75,
p. 79. In Mar., 1904, a majority of the stock was exchanged for stook
of the Mackay Companies on the basis of $200 par value in 4 p. 0. cum.
preferred and $200 common stock of the Mackay Companies for $100
Commercial Cable stook. V. 78, p. 990.
Dividends.— > 1889. 1890. 1891 to 1896. 1897 to 1903.
1904.
1*2
Percent
6
7 yearly.
8 yearly. Incl.Apr.,4.
5
Report.—Fiscal year ends Dec. 31. Report for 1903 in V. 78^ p. 1107.
Net.
Int., etc.
Years.
Gross.
Div'ds.
Reserve.
Common
Preferred
1727
apparatus for heating railway trains and electric heaters for street
cars, etc.— V. 70, p. 232. Stock, $1,250,000; outstanding, $1,130,400;
par $100. Dividends F. & A.
Drv's— > '93 '94 '95 '96 '97 '98 '99 1900 '01 '02 '03 '04
3** Ha
1
4
7*2
Percent. $ 3
6
3
5^ 6 7 Feb.,3
and directors June, 1900, V. 70, p. 1252; V. 76,
42 Broadway, N. Y.— (V. 76, p. 1357; V. 78, p. 1111.)
Officers
Offioe,
p.
1357.
Consolidated Gas of Baltimore City.— Incorporated May
5,
1888, under the laws of Maryland. In July, 1902, new management
was elected. See Chronicle July 26, 1902.
Price of gas was reduced on June 1, 1900, from $1 25 to $1 10 per
1,000 cubic feet. V. 70, p. 431, 635, 794, 1097. In 1902-3 $1,500,000
certificates of indebtedness were sold for improvements, maturing
$500,000 eaoh on Jnly 1, 1912, and Jan. and July, 1913, but subjeot
to call after 5 years from their date. V. 74, p. 1310, 1358; V. 75, p. 32,
137; V. 76, p. 50; V. 77, p. 39. Official statement, V. 74, p. 1358.
Dividends.— > '92. '93 to *96. '97. '98. '99. '00. '01. '02 '03. 1904.
Per cent... 5 4*8 5 yearly. 4J4 4k 4 5% 3^ 3
3 June, 2.
Earnings.—Statement for year ending June 30, 1902, was in V. 75,
p. 13 i, showing, gross, $1,757,763; net earnings, $749,353; fixed
charges, $377,720; bal., sur.. for dlv. $371,633.
Officers.— President, Ferdinand C. Latrobe; Sec, N. T. Meglnness;
Treas., Jos. W. Clarke; Gen. Mgr., A. S. Miller. Office, 19 South St.
Bait. Directors, July, 1902, V. 75, p. 187.— (V. 78, p. 1500.
York.—This company was organized
Consolidated Gas of
Nov. 11, 1884, as a consolidation, and in 1899-00 secured control of
all the other gas companies and of all the electric lighting properties
in Manhattan, New York City. In Dec, 1903. work was begun on new
plant at Astoria. Long Island, to be completed within two years. V.
78, p, 105. See separate statements following.
DrviDENDS-Formerly 6 per cent; rrom June, 1893, to 1898, 8
p. 0. yearly; in 1899, 5k p. c; 1900, March, 1 p. c; June, 1 p. 0.;
Sept., 1900, to Mar., 1904, both inclusive, 8 p. c. yearly (2 Q.-J.).
Since 1897 the price of gas has been reduced from$l 20 to $1 (beginning in 1901) as required by law. V. 64, p. 1000.
8TOCK.— In Mar., 1900, stook inoreased from $39,078,000 to $54,595,200, and in July, 1900, to $80,000,000 to complete the control of the
gas and eleotrio light business in Manhattan, to provide for improvements.etc Of the last issue, the final $6,562,598 was issued at 150
on Sept. 15, 1903. V. 77, p. 300. The controlled properties acquired
in 1899-00 are described below. See also V. 70, p. 1293 (see also p.
1051. 1097, 1197; V.71, p. 184. 544). Office, 4 Irving Place.
Bal. sheet June 30, 1903, V. 77, p. 628. Report for year ending
Deo, 31, 1903, was in V. 78, p. 341, showing net profits of oal. year
1903, above dividends, about $2,500,000, against $2,100,000 in 1902.
Officers— President, Harrison E. Gawtry ; Vice-Presidents, Walter
R. Addioks, Samuel Sloan and Lewis B. Gawtry; Sec, R. A. Carter;
Treas., Jas. A. Bennett. Trustees— Wm. C. Whitney, H. E. Gawtry,
Samuel Sloan, John W. Sterling, W. Rockefeller, M. Taylor Pyne, Geo.
F Baker, Jas. Stillman, S. Palmer, Frank Tilford. F. A. Schermerhorn,
A. N. Brady, T. F. Ryan.-(V. 77, p. 628, 629; V. 78, p. 105, 341.)
(1) NEW AMSTERDAM GAS.
Incorporated Nov. 1, 1897, and consolidated N. Y. & East River and
Eq. Gas Light, per plan V. 66, p. 133. Owns entire $7,000,000 stook
New
New York Carbide & Acetylene Co.
Securities.—The stock authorized is $13,000,000 of common
stock, $10,000,000 of 5 p. 0. preferred, cumulative after Nov. 1, 1900,
NewoonsoL 5s for $1,365,000, preferred stock $1,000,000 and common
$835,000 in June, 1900, were in treasury available for future needs.
Par of shares $100. Over 80 per cent of the outstanding stock is held
by the Consolidated Gas Co. V. 70, p. 897, 948, 1052, 1197, 1252.
(2) NEW YORK EDISON COMPANY.
Organized May 23, 1901, as a consolidation of the N. Y. Gas & Eleo.
Light, Heat & Power Co. and the Edison Eleo. Ilium. Co. of N. Y. Owns
large power plant located on 1st Ave., between 38th and 39th Streets.
of
V. 69, p. 704; V. 68, p. 1025; V. 70, p. 283, 482. S^ock, $45,200,000,
practically all owned by Consol. Gas Co. V. 72, p. 1038.
Bonds.—The first 5s of 1898 ($15,000,000) are secured Dy a first
lien on the company's new power plant and otherprop^rty and pledge
of various securities; list see V. 68, p. 773, 824, 1025; V. 76, p. 268.
The 4s of 1899 are secured by a purchase-money lien on the former
Ed. Eleo. Ilium, property, subjeot to bonds of 1890 and 1895, and by a
second mortgage lien on the remaining property of the consolidated
company. V. 72, p. 939, 1038.
-
.
.
.
INDUSTRIAL STOCKS AND BONDS.
17:18
MISCELLANEOUS.
Date
Size, or
Amount
Par Outstanding
of
Wot explanation of oolumn headings, &c, see notes on
Bonds Value.
first page of tables.
Gas— (Oon.) -Cen. U.Gas.gu.p.A 1..N.Y.& E.R.Ce.o*
Standard Gas Light, 1st mortgage, $1,500,000, gold..c
No. Union Gas, 1st M., $1,500,000, g., not guar. K...0"
Oonsol. Lake Superior— Stock ($28,452,400 Is pref.).
Mloh. Lake Sup. Pow.lstM.,g.(V. 69, p. 336; V76,p.754)
Consolidated Tobacco— Stook, $40,000,000
Coll. trust M., gold, $158,000,000 (see text).Itto...o*<tr
Consolidation Coal Stock
1st M., $750,000, g., sink, id., red. each Jan. at 105. G...
Continental Tobacco— Stook, common, $50,000,000
Stook, pf. (as to assets and div.) non-oum., $50,000,000
Gold debentures, $2,000,000 (V. 70. p. 331)
Corn Products— Common stock, $50,000,000
Pref. stock, 7 per oent, oum. $30,000.000
UNAB8UMED BONDS OF ALLIED COMPANIE8.
Oon.
—
1897
1890
1897
1899
1901
1897
1900
$1,000
$3,450,000
1,000
1.362,000
1,000
1,250,000
100 102,522,400
3.500,000
500 <»0
100 40.000,000
50 &c. 157,378,200
100 1 0,250,000
1,000
480,0003
100 48,846,100
100 48,844,600
100 &o
1,581,100
100 45,215,500
100 27,380,700
,
Nat. Starch, deben,
g.. s. f.,
—
$8,000,000. call 105. Usm.
United States Sugar Refinery, gold, 1st mortgage
Nat'l Starch Mfg. Co., 1st M.., gold (sinking fund).I»Ia
N. Y. Glucose Co. 1st M., $2,500,000, g., s. J. See text.
Crucible Steel Co. of Amer.— Pref. st, 7 p. o. cum. I'Pt.
St Clair Furnace, 1st M., g., p <fel. guar. (end.).PPl.o*
St. Clair 8teel, 1st M., gold, guar., $2,250,000. UPL.c*
Clalrton Steel, M., g.,p. &1. gu., due $500.000 y'rly CPi
Cumberland Telephone <& Telegraph— StooK $20,000,000..
1st mort., $1,000,000, gold, s. f. (other bonds see text).
Denver Union Water Co.—1st mortgage, $8,000,000, gold
South Platte Can.& Res. 1st M.g..KU.end..red.text.mo
(3)
Incorporated in
1900
1890
1901
1,000
1,000
1.000
Text.
100
1901
1901
19.-2
1,000
1,000
1,000
100
1.000
1898
1894 100 &o.
1903 500 &o.
NEW TORK MUTUAL GAS LIGHT CO.
New York Apr. 17, 1866, under special charter.
.
Stock, $3,500,000. of which over a majority, it is understood, is held
In the Interest of the Consolidated Gas Co. Par of shares, $100.
Dividends— ) 1894 to 1897. 1898. 1899. '00. '01. '02. '03. 1904.
3
7
9
9
9 Jan , 4
8
Since 1893, p o. S
9 yearly.
1901 to 1903, inclusive, Jan., 4; July, 5 p. o.; in 1904, Jan., 4 p c.
(4) STANDARD GAS LIGHT CO.
Organized in 1886. Owns 160 miles of gas pipes north of 13th St.,
Consolidated Gas Co., it is understood, owns twowhich Is $5,000,000 common and $3,721,100 pref.
Divs— '91. '92. '93. '94. '95. '96. '97. '98. '99. '00. '01. '02. 1903.
6
2
6
5
8 5
Com. %
6
4 4
5^ 4^ 6 8 6 2% 6 6
Pref. %.- 3% Us
Office. Third Ave. and 49th St.. N. Y. V. 71, p. 1273; V. 72, p. 1241.
Oonsol. Gas of Pittsburg.— See Pittsburg in ST. Rt. Section.
Consul. Lake Super.—See p.1742.— Consol.Icc—See AmJce Co.
New York. The
thirds of the stock,
14
Consolidated Railway Lighting
New
&
Refrigerating Co.
Jersey in Mar., 1901, to take over, per plan,
V. 72, p. 677, the ConsoL Ry. Eleo. Lighting & Equipment Co.
(see Sopp. Jan., '01, and bal. sheet, V. 72, p. 578; V. 74, p. 328), Safety
Third Rail Co. and th»- European Ry. Refrigerating Co., and control
In addition the chloride of ethyl system of car refrigeration. Stook
authorized, $22,00o,000; outstanding, $17,500,000; par of shares,
$100; $1,400,000 was to remain in the treasury for future requirements. Faotory at Derby, Conn. No bonds. Report for year ending
Deo 31, 1903, was in V. 78, p. 1220 Directors, V. 74, p. 632. Pres.,
Isaac E. Rice. Office, 11 Pine St., N. Y.-( V. 74, p. 632; V. 76, p. 481.)
Consul. Rubber Tire—Sup. July ,'03; V. 78, p. 986, 1 220, 1 500.
Consolidated Tobacco Co.— Organization— Incorporated in
New Jersey on June 5, 1901, and acquired the greater part of the common stocks of the American and Continental Tobacco companies and
through them control of the American Cigar Company. See each of
those companies; also Bonds below. The Havana Company, formed
In May, 1902, as a consolidation of the Cuban tobacco companies, is
controlled In the same interest. V. 74, p. 1141. Auxiliary companies,
V. 75, p. 1256; V. 75,|p. 1402; V. 76. p. 60. In June, 1903. re-handllng
tobacco plants were acquired. V. 77, p. 39. 300.
In Sept., 1902, an agreement was made with the Imperial Tobacco
Co. of England by which the two companies are lelt undisturbed in
their own countries, respectively, the export business of both bring
turned over to the British- American Tobacco Co., of whose $30,OuO,000 stock the Consolidated owns $20,000,000 and the Imperial $10,
000,000. V. 75, p. 735; V. 73, p. 618, 724, 1359; V. 76, p. 868. 921.
3tock & Bonds.— Stock, $40,000,000; all paid in; $10,000,000 having
been subscribed for by stockholders at par in Jan.. 1903; par of shares,
$100. The bonds are issuableonly to acquire common stocks of American
and Continental Tobacco companies at the rate of $200 in bonds for
$100 of American Tobacco stock and $100 In bonds for $100 of Continental Tobacco, and are secured by stocks of those companies acquired, and other property. V. 73, p. 339.
Dividend.— Dividend of 20 per oent paid Jan. 20, 1903. V. 76, p. 50.
Report.— For year ending Deo. 31, 1903, in V. 78, p. 1107, showed:
net earnings, $16,358,124; int. on bonds. $6,340,800; prev. surplus.
$960,216; total|surplus, Deo. 31, 1903. $10,967,540.
—Incorporated
in
Officers.— James B. Duke, President; Thomas F. Ryan, First VioePresident; J. B. Cobb, Second Vice-President; C. K. Faucette, Third
Vice President; William R. Harris, Treasurer; 0. S. Keene, Secretary.
Directors, V. 72, p. 1138.-(V 77, p. 2100; V. 78, p. 1 107.)
Consolidated Water Co. of Utica, N. Y.— Incorporated In
Nov., 1899, and by purchase of existing properties acquired control of
ractioally all the water available for city of Utica, N. Y. V. 69, p.
S 56, 1064. Stook, oo nmon,
$1,500,000; pref., 5 p. o. noncum., $1,000.000; par of shares, $100. First mortgage, $2,500,000 thirty-year gold
5s, $2. 100,000 outstanding, due Jan. 1, 1930, int. J.&J , at Redmond,
Kerr & Co.. New York; N. Y. Sco. <te Trust Co., trustee; improvement
and extension (2nd) 6s, $250,000, dated July 1, 1903, due Jan. 1, 1913,
subject o call after 1 904; Trust Co. of Amerioa, N. Y., trustee. Pres.,
John V. Ba<ot.-(V. 77, p. 198, 1876.)
Consolidation Coal Co.— Incorporated in 1864. Baltimore &
Ohio KR. owns $5,353,200 stook. Coal mined In 1903, 1,753.783 tons;
in 1902 1.746,069 tons; in 1903, total, including subsidiaries, 7,129,470.
Owns $1,500,000 stook of Cumberland A Penn. RR. (wldch see)
and guarantees its $1,000,000 bonds. Early in 1903 a controlling Interest was aoqul red In the Fairmont and Somerset Coal companies
(whloh see), the former controlling the Clarksburg Fuel and NorthWestern Fuel companies, the last named owning large dooks at Chi
cago. Milwaukee and Superior. In Nov., 1903, $510,000 of the #1
000,000 Metropolitan Coal Co. stook was puroliased. V. 78, p. 1271.
Due Bait. & Ohio on Dec. 31, 1903, «3, 300,000; due aooount purchase
Metropolitan Coal Co stock, *7.r>0,000.
Dividends since 1883: for 1884 and 1885, 1; for 1886, *; for 1887,
Ha; for 1888, 2H from 1889 to Feb.. 1903. Inclusive, 2 p. o. yearly;
In 1904, 1 p. o., including 2 extra. V. 78, p. 289.
Report.— For 1903 In V.78. p.1271. showed: Gross, $4,700,837; net,
$1,870,249; charges. $648.00H; dividends, $410,000; depreciation, etc..
$134,729; bal sur., $677,512. Pres., O. W. Watson. Office, Cont. Tr.
Bldg., Bait. Directors, Mar., 1904, V. 78, p. 1277. -(V. 78, p. 1277.)
Continental Tobacco Co.— Incorporated Dec. 10,1898, under
the laws of New Jersey. Acquired by purchase the entire business
and assets of the leading manufacturers of plug chewing tobacco, including with others Drummond Tobaooo Co., St. Louis, Mo.; Liggett &
Myers Tobacco Co.. St. Louis. Mo.; plug business of Amer. Tofi Co.
and $3,000,000 P. Lorillard Co. common stock See V 69 |> 745; V
71, P- 545, 1168. Also has acquired $1 581,100 ol $2,000,000 Lorillard
i
;
,
[Vol. lxxviii.
Bonds— PrinciDue
INTEREST OR DIVIDENDS.
Rate Per When Where Payable, and
Cent.
& 3.
& N.
& N.
M. & N.
F. A A.
Feb. 1
J. & J.
J.
g.
g.
M.
M.
g.
5 g.
See text.
by Stocks— Last
Whom.
Payable,
5
5
5
pal, When
Dividend.
N.Y..H.B. Hollins & Co. July 1. 1927
May, 1930
N. Y.. Mere. Trust Co.
N. Y.,H.B.Hollins & Co. Nov. 1, 1927
Phlla., Prov. L.
& Tr.Co. May
1949
1,
Jan. 20,'03, 20
N. Y., Morton Trust Co. Aug. 1, 1951
N. Y., Guaranty Tr. Co. Feb. 1, '04, 4%
Jan. 1, 1922
do
do
4^2 g.
N. Y.,111 Fifth Ave. Apr. 1, '04, 4%
See text.
-J.
7 in 1903
J. N. Y., Central Trust Co. Apr. 1, '04,1%
7 g A.& O. Baring, Magoun & Co. Apr. 1, 1905
«,
8ee text.
F. N. Y., Ouyler, M. & Co. Feb.10,'04.1%
Apr. 11, '04,1%
do
do
.-J7
4 g.
4 In 1904
*
-
—
4,137,000
2 g
778,000
6g.
2,924,000
6g.
2.300,000
6g.
25,000,000 See text.
3.000,000
2,250,000
5 g.
5,000,000
5 g.
11,695,350 7 In 1903
850.000
5 g.
8,000,000
5 g.
See text.
5 g.
'
& J.
& D.
M. & N.
M. & S.
Q.-M.
F. & A
J. & J.
J. & J.
Q.-J.
J. & J.
J. & J.
J.
J.
J.
<fe
J,
N.Y.J.T.Weed,25Broad July
Deo.,'03,int. pd.wh. due Deo.
N. Y. J.T. Weed,25Brc ad May
1,
1,
1,
Sept. 1,
1925
1921
1920
1926
Sept.29'03,1%
Checks mailed.
N. Y., Colon. Tr.& Pitts. Aug., 1910-39
Union Tr. Co., Pittsb'g.
do
do
Checks mailed.
N. Y, Washington Tr.
N.Y. Fourth Nat. Bank.
New York.
Jan., 1900 25
July, 1904-'13
Apr. 1, '04, 1\
Jan. 1. 1918
July 1, 1914
July 1, 1923
preferred stook at par in exohanee for its 7 per cent gold debenJointly with American To
V. 70, p. 331, 1051; V. 71, 646.
baoco Co. controls the Amerioan Snuff Co. — »ee statement of latter, of
whose capital stock the two cos own $10,000,000, together with $7,000,000 of $10,000,000 stook of American Cigar Co. (which see), guaranteeing the latter's 4 p. c. notes, $20,000,000 auth. In Dec, 1902,
acquired all or nearly all the $3,000,000 stock of Harry Weissinger
Tobacco Co.. of Louisville, Ky., and in May, 1903. theT. C. WilllBms
Co., Richmond. Va. V. 73. p. 1359; V.,76, p. 50. American Stogie Co.,
see V. 77, p. 148.
Stock.— Apr. 21, 1899, Increased the common and preferred stocks
fro m $37,500,000 to $50,000,000 eaoh. V. 68, p. 670, 771. In June,
1901, 99 per cent interest of the common stook was exchanged for
bonds of the Consolidated Tobacco Co., which see above.
DrvtDKNDS.— On pref., Oct., 1899, to Apr., 1904, at 7 p. c. per annum.
On common, 2 p. c, Jan., 1902; April, 1902, to Jan., 1903. both inclusive, 2*2 p. o. quar. (Q.— J.); since to Apr., 1904, 4 p. c. quar.
Report.— For calendar year 1903 in V. 78, p. 1107, showing:
durplus.
Year—
/tetea'n's.
Div. on com.
Div. on pref.
1903
$12,756,784 (7%)$3,419,i 22 (16%)$7,8 15,376 $1,522,286
1902
2,007.819
ll,77o.934
(7%)3,419,122 (lj%)6,349,993
Officers.— President, James B. Duke; 1st Vloe-Pres., Chas. E. Halllwell; 2d Vice-Pres., Frank H. Ray; 3d Vice-Pres. and Sec, C. C Duia;
Treas., H. D. Kingsbury. N. Y. of., Ill Fifth Ave.- (V. 78, p. 1 107.)
tures.
Contra Cosia Water Co., Oakland, Cal.— V. 78, p 345.
Corn Products Co.— Organization.—Incorporated In New
Jer-
sey on Feb. 6, 1902, and acquired, per plan, V. 74, p. 329, 381, 1086:
Capital
Company—
stock.
Glucose Sugar Refining Co.. com. $24,027 ,;«»
7 per cent cu ra u at v e, pref
13,688.300
National Starch Mfg. Co., com..
2,595,900
1
I
a per cent cumulative, pref
Illinois Sutrar Refining Co
...
Charles Pope Glucose Co
N.Y. Glucose Co. ($2,000,000 pf .)
4.028,300
50,000
120.000
2,500.000
Hew
co.
Dividends.
.
owns.
'97
$21,80<>,0O0
13,168.600
2,445,800
3,661,800
$X
IH 7
j
}
-;
Ilolooo
1,225,00J
j
.
'98 '99 'Oo 'ol '08
1
1% 6 8
1M
7
Incorp'd
)
..
..
May,
IK 6
Not known
'00.
\
-
For Glucose Co. see V. 65, p. 327; V. 67, p. 1263, and V. 73, p. 960);
for National Starch Co., V. 70, p. 742); Illinois Sugar Refining Co., V.
73, p. 496; New York Glucose Co., V. 72, p. 393. The allied Interests
report a capacity of 203,000 bushels of corn daily. Cuyler, Morgan
Co. are interested.
Stock authorized, common, $50,000,000; pref., 7 peroent oum., $30,000,000; about $2,000,000 of eaoh class to remain in the treasury, together with any amounts not used in exchange.
Dividends.- On pref., July, 1902, to Apr , 1904, inch, 1% p. o. quarDividend of 4 p. c. on the common stock was paid 1 p. o. on May 11,
Aug. 10 and Nov. 10. 1903, and Feb. 10, 1904; in March, 1904, div. on
common was passed because of large amounts required for improvements. V. 78, p 1169.
Bonds.—The bonds of controlled companies have not been assumed,
but the interest and sinking fund charges are payable from their
earnings before any dividends oan bo paid on their stocks. Of the National Starch debentures, $3,778,000 are reserved to retire bonds of
&
Nat. Starch Mfg. and U. S. Sugar Refinery companies. Of the New
York Glucose «s, 4 per oent of each bond ($40) is retirable Sept. 1
yearly, beginning 1902, but the bonds are not subjeot to call. V. 74,
p. 1086. The interest due June 1,1902, on U.S. Sugar Refluery bonds was
paid in July; since to Dec. 1903, when due. V. 74, p. 1310; V. 75, p. 79.
Report.— Partly estimated earnings of subsidiary cos. for year ending Maroh 1, 1904. $5,000,00.); interest on underlying bonds. +420,000; amount required for Improvements, repairs, etc., *1,750,000. V.
78, p. 1170. Report for the year ending Feb. 28. 1903, was in V. 76. p.
1083. showing: Net profit for year, $4,013,841; div. on pref. (5^ p. o.),
$1,426,066; bal., sur., $2,587,775.
Officers.— Pres., C. H. Matthlessen; Vice-Pres. and Sec, C. L. Glass;
Treas., BenJ. Graham. Directors. V. 74. p. 530; V. 76, p. 703; V. 78, p.
1225. Headquarters, Chic, III.; N.Y. off., 25 BroadSt.-(V. 78, 1225.)
(
Win.)
Cm m
i>
Ac
Sons' Sbip
& Engine
Building Co.— Inoor.
Penn. Mar 26,1872. In Apr., 19C3, $5,000,000 5 p. c serial notes,
maturing part Jan and July 1, semi-annually, viz.: $80,000 for 5
years, then $110,000 for 5 years, then $140,000 for 5 years, then
$170,000 for 5 years, but subjeot to call at 102»«, were Issued, secured
by $5,000,000 oonsol. 5s of an authorized issue of $7,500,000; of the
latter, $2,000,000 are reserved to retire prior liens and $500,000 for
future purposes. See V. 76, p. 921, 975. First M. gold 5s of 1899. $1,375,000 (Int. M. & S.), due Mar. 1, 1929, but subjeot to call $25,000
yearly Jan. 31 at 110 for a sinking fund. Real est. mort. and ground
rents Nov. 1, 1903, $556,622. V. 67. p. 1310; V. 68. p. 383; V. 78, p. 46.
Official statement Nov. 1, 1903, showing properties owned, balance
In
sheet, etc, V. 78, p. 46.
Stock.— Stook, as Increased June, 1903, $6,250,000; outstanding,
$6,098,000; par of shares, *100. Of this $4,572,500 has been deposited
with the following voting trustees: E. T. Stotesbury and Richard H.
Rushton. Philadelphia, and Geo. F. Baker, New York. V. 76, p. 921,
975, 1087; V. 78, p. 46.
Dividends.— )
'92.
'93. '94. '95. '96. '97. '98.
'99. '00. '01.
'02.
$8&20sclO 18 7 None. .. 1^
Peroent.
5
5
3%
5
No dividends since to April, 1904. V. 75, p 1256.
Report —Report for 1902-3 in V.76. p.1246, 1298, showed $8,519,169
gross, over 6 per oent ($300,398, against $385,236 in 1900-01) earned
on stock; $24,730,874 orders on baud. Dividends paid, $121,200, 2
p c; surplus, $179,198. Orders on hand Feb., ID04, about *ltf.600,.
000. V.78. p. 991. Chairman of Board, Charles H. Cramp; President, Henry S. Grove; Vice-Pres., Edwin S. Cramp Gen. Mgr., R. W.
Davenport. Directors 1903, V. 78, p. 46— (V.78, p. 46, 991.)
;
—
INDUSTRIAL STOCKS AND BONDS.
Apr., 1904.]
MISCELLANEOUS.
Date
LNTEKES'l
Size, or
1729
OK DIVIDENDS.
BOJUlS—fTltlOl-
pal.When Due.
of
Par r.,^™
For explanation of column headings, Ac, see notes on
J Rate per[ Whon Where Payable, and by
Bonds Value. Outstanding Cen£ Payaole
Whom.
first page of tables.
Stocks— Last
Dividend.
??,*
Detroit City Ga«— Stook, $5.000,000
o
Prior lien mortgage, $6,000,000, gold N
Detroit Gas oonsol. mortgage for $4,000,000, g.G..o<fcr
Detroit City Gas gen. M., $10,000,000, g. See text
Diamond Match— Stock, $15,000,000, list. In Ohio A N.Y
Distiller*' Securities Corp.— Stook, one class, $32,500,000
Col.tr. M., $16,000,000. g.. oonv.call 105 af.1908 (text)o"
Am. Spirits Mfg., 1st M.. g , call at 105, s.f., 5%.Ma.c"
Dlst. Co. of Am., coll. tr. M., g., ii pay. y'ly. oall.Me o*
Dominion Goal— Fret., 8 p.o.(see text, p. 1742). red. 115.
1st mortgage, sinking fund— see text. NB, red. 110 ...
Dominion Iron ct Sieel—lBtM.., g., $8,000,000, s.f. .see text
2d M., $2,500,000, $250,000 due yearly beg. Oot., 1905
Edison Electric III. Co., Boston— Stook (bonds, see text)..
Edison Electric Illuminating— See Kings Co. Eleo. Liq
Electric Storage Battery-Stock ($453,700 Is pref.) text..
Elec. Vehicle Co.— Ref. 1st M. $2,250,000 (V.74, p 98).
Empire Steel <t Iron— Stook, common, $5,000,000
Preferred stock, 6 per cent, cumulative
Equitable III. Gas L.Oo. of Phila.— 1st M.,g..red.atl05.N
Fairmont Ooa' Oo M. ($6,000,000, g.), s. f. see text.G.o*
General A sphalt— Common stock, $17,000,000
Pref. stock, 5 p. c, oum. after 2 years, $14,000,000
General Ohemical Co.— Common stock, $12,500,000
Preferred stock, 6 percent, cum., $12,500,000
General Electric Common stook, $4^,325,500
Debentures for Sprague s'ock, $2.500,000, g..red.text.o
.
Eq
Mo
,
—
—
$50
1898
1893
1903
1,000
1,000
1,000
1,000
1,000
1,000
21, 1900,
under the lawsof
HT
A Power AND
100
1902
1,000
100
100
1898
1901
1,000
1.000
100
100
100
100
100
1P02 100
<to.
New Jersey to consolidate 13 propernamed
7 per cent cum., $25,000,000; par, $100. No bonds
entire stook and guarantees bonds of Clalrton steel Co., which
In June, 1902, absorbed the Ht. Clair 8teel and St. Clair Furnace companies. On Jan. 4, 1904,
G.Park and the Union Trust Co. of
Pittsburgh were appointed receivers of the Clalrton Company, the
floating debt being about $4,500,000, in order that the Crucible Company might be protected in making further advances. V. 78, p. 105.
Toe Clalrton Company, it was stated, in July, 1903, made a mort. of
$1,133,000 in connection with purchase of coal lands. In April. 1904,
negotiations for sale of control of the Ciairton company to U. S. Steel
Corporation were reopened. V. 78, p. 1500.
Dividends on pref., Dec, 1900, to Sept., 1903, 7 p. 0. yearly; none
since. V. 77, p. 1227, 2342.
Report.— Year ending Aug. 31, 1903. V. 77, p 1292: Net earnings,
$1,522,550; div. on pref. (7 p.
). $1,750,000; bal.. def., $227,450
Chairman, Wm. G. Park; President and Gen. Mgr., Frank B. Smith;
Treas., Julius Bieler. Office, Friok Bldg., Pittsburgh, Pa. Directors,
Oot., 1903, V. 77, p. 1473— (V. 78, p. 105, 585.)
Cumberlaud Telephone A Telegraph.— See page 1742.
Denver Gas
Flectrlc—See page 1742.
Denver Union Water Co.— Seep. 1742.
Detroit City Gas.—See p. 1742.
Detroit Mack. A Marquette Laud Grant.— See p. 1742.
Detroit Union l£ It. Depot.— See Supplement, Oct., 1997.
pref.,
Owns
Wm
A
Diamond Match.—Organization, Etc.— Organized in 1889
under laws of Illinois. Owns factories at Barberton, O., Detroit.
Mich., Oshkosh, Wis., Oswego, N. Y., etc.; controls companies in England, Germany, Switzerland. Pera. South Airica, etc; see V, 76, p.
380, 656; store properties at Baltimore and Philadelphia, and sawmills, with extensive pine stumpage. V. 73.p. 135. V. 76, p. 380, 1087
As to California lumber purchase see V 76. p. 380; V. 78, p. 700; Br.
A May, V. 76, p. 656; V. 77, p. 351, 629; V. 78, p. 289.
>
1893.
1894.
1895. 1896 to Mar., '04
21i 9
10 (2^ quar.)
Since 1892, p. ct. \
20
10
Stock.— Decreased in 1895 to $11,000,000; In 1899 to $15,000,000.
Annual Report.—For 1903, in V 78, p. 700, showed net, $1,824,689; in 1902, $1,957,674; in 1901, $2,021,072.
President, O. C. Barber; Treasurer, J. K. Robinson: Seo'y, R. E. Wirt; Aud., H. O. Cranz.
Gen. offl., 56 Mich. Ave ,Chio. N.Y. offl.,27 William St.— V. 78, p TOO.)
Dl«tlller«.' Securities Corporation.— Organization.— Incorporated In New Jersey on Sept. 18, 1902, as successor, per plan V. 74,
p. 1310, 1,358, of the Distilling Co. of America, the latter having control of the American Spirits Mfg. Co., Kentucky Distilleries A Warehouse Co., Spirits Distributing Co. (dissolved In 1902) and Standard
Distilling
Distributing Co.; see V. 68, p. 1224; also several rye
whiskey concerns, including Hannis Distilling Co. V. 69, p. 179, 494,
745. List of properties, V. 73, p. 136; V. 71, p. 815; V. 69, p. 957. Independent distilleries, V. 74, p. 157; official statement, V. 76, p. 100.
Owns nearly 90 per cent of the stocks of the Distilling Co. of
America. The new bonds are secured by the deposit of the stocks and
bonds acquired, and are redeemable at 105 after 1908 and convertible
at option of holder into stock at par at any time within 10 years.
Dividends.—Jan., 1903, to Apr., 1904, both lnol., 1 p. 0. quarterly.
Report.— Report for year ending June 30, 1903, in full In V. 77. p.
767, 77 8, showed gross sales of constituent companies and all other
lnoome, $82,730,706 gross profits, $3,966,631 Int., taxes, additions,
etc, $1,781,840; net profits, $2,184,791, against $1,734,355 In 1901-2;
dividends (2 p. c), $604,0661; bah, sur., $1,580,725 See also V. 75, p.
904, and balanoe sheets of proprietary oos., V. 73, p. 898.
Directors.— E. J. Curley (President). Lawrence L. Gillespie (Chairman of
Board); W. P.Ward Vlce-Pres.), Amory G. HodRes. Rnasell Murray. W.Brentwood Smith. J. K. Hulshiier. Exec. Com.— B. J. Curley, W. P. Ward. Amory
G.HodRes. Sec- Treas.. B. W. Jonea. Offl.. 12j B'way. N.T.-(V.77, p. 1748.)
Dominion Coal Co.— Dominion Iron Steel.—See p. 1742.
&
;
;
(
&
Edison Electric 111. of Boston.— See page 1742.
Edison El. 111. of Brooklyn.—See Kings Co. El. L. A Power.
Edison Electric Illuminating Co. of New York.-See N. Y.
Edison Co. under ConsoL Gas of N. Y.; also April, 1899, Sup.
Electric Boat Co.— Electric Co. of America.—See page 1743.
Electric Storage Battery.— Incorporated in 1888 under laws of
New
Jersey. Owns basio patents for storage batteries. (V. 69, p. 76,
850.) Acquired in 1899 $6,364,600 stock of Eleotrio Vehicle Co. and in
Oot., 1902, an English co
V. 75, p. 908; V. 76, p. 657, 921; V. 77,^p.
34, 91. Statement showing properties, etc, V. 77, p. 34; V. 76. p. 868.
Stock, Etc.— Stook authorized, $18,000,000; outstanding, pref.,
1 p. 0. cum., $453,700, convertible into oommon stock share for
share; common, $18,795,725; par of shares, $100.
After 1 p. 0.
on preferred, common and preferred share equally. On common, Apr.
1, 1901, to Apr. 1, 1904, both incl.,
p. c. quar. (Q— J.).
Earnings.— Statement for calendar year 1903 In V. 78, p. 1389,
showed total net earnings, $1,501,592; dividends paid, $812,435; baL,
surplus, $689,157; total sur. Deo. 31, 1903, $2,972,633. See also report
for 1900 In V. 72, p. 578. President, Herbert Lloyd; Seo. and Treas.,
Walter G. Henderson, Phila. Directors, May, 1903, V. 77, p. 34.
Offioe, Allegheny Ave. and 19th St. Phila., Pi* —(V. 78, p. 1389.)
Electric Vehicle Co.—Organisation. -Incorporated in 1897
under the laws of New Jersey. V. 70, p. 1197, 1252; V. 71, p. 1169.
m
-
1893 500 <feo.
1K99
1903
500
100
in the prospectus, V. 71,
ties, Including the p ark Steel Co., etc,
p. 32. 8ee also V, 73, p. 842. Stock authorized, common. $25,000,000;
Dividends.—
-
100
Crnclble steel Co. of America.— Organization.—Incorporated
on July
-
100
ioo
1902
1895
1901
$4,825,500 See text. See text
5g. J. & J.
5,603,000
381,000
g F. A A.
£
5 £• J. & J
500,000
15,000,000 10 In '03 Q.-M.
29,475,854 4 In 1903 Q,-J
A. A O.
13.401,785
l g ;M. A 8.
1,749.96'*
719,000
g J. & J.
& J.
i
3,000 000
lJ
6
M. A 8.
2,551.000
5 <? J. & J.
7,876,000
6
!A. & O
1,500,000
Q.-F.
10
9,499,100
CO v BOL.
16,249,425
1,774,000
2,281.400
2.500.000
6 697.000
4,661,000
9,797,900
13,139.663
7,410.300
10,000.000
4 3.944.700
2.049.400
Gas Co
of N.
5 In 1903
&
5
&
g.
6
N. Y., Merc. Trust Co. Oot. 1, 1927
N. Y., Manhatt. Tr. Oo. Sept. 1, 1915
N. Y., Merc Trust Co.
Jan. 1. 1911
Bost., Am. L. & Tr. Co. Jan. 1, '04, 4%
New England Trust Co. Mch. 1, 1913
Bank of Montreal, Can. July 1, 1929
|
|
Montreal, Canada.
By
Y
N.
Checks mailed.
N
To Oct
May
check.
Apr.
,
1914
1, '04, 2ia
1, '04,
m
Nov., 1905
Y., .vlorton Tr. Co.
Checks mailed.
Jan. 1, '04, 1%
N. Y. Security
Tr. Co. Jan. 1, 192S
N. Y., Guar. Trust Co.
July 1, 19J1
3*2 In '03 J.
5
N. Y., Emerson McM.
See text.
By check fr. N. Y. office. Mar 12,'04, 2i«
By check
Apr.26,'04,1%
Q.-J
M.
6
Checks mailed.
5 so. In 1903
Emerson, McM. Jan. 1, 1923
N. Y., Guaranty Tr. Co. Feb. 1, 1918
N. Y.,
&
.1.
g. J.
Q.-M New York, 25 Broad St.
do
do
6
Q.-J.
8 In 1903 Q.-J., 15 Check from Co.'s office.
3k) g. IF. A AJN.Y., Gu.Tr.no., A Bost.
See text.
Deo.
Apr.
1, '03,li4
1, '04,
H«
Apr 15,'04,2%
Aug.
1,
1942
See V. 69, p. 850. As to status in Sept.. 1901, see V. 72, p. 495. De
oieion upholding Selden patent, eee V. 76, p. 754; V. 77, p. 253.
Securities.— Common stook authorized $11,000,000; issued$ 10,450,000; pref., 8 p.|c, non cum. $9,000,000, of which $8,145,000 outstanding. Par of kshares, $100.
After 8 p. 0. on oommon, dividends are
to be divided pro rata between the common stock and the preferred
stock. Electric Storage Battery Co. in May, 19o3, owned $3,152,300
pref. and $3,212,300 common stook, and $544,000 bonds
Dividends.— On pref., April, 1899, 8 per cent; April, 1900, 2 p. 0. On
oommon, in 1899, 8 p. o. None since. Last report in V. 69, p. 850.
Advisory committee: Herbert Lloyd, A. N.
Pres., M. J. Budlong.
N. Brady, T. F Ryan, Grant B. Schley. Factory and office, Hartford,
Conn.-(V. 77, p. 253.)
Empire Steel and Iron Co.— See page 1743.
Equitable Gas Light (of N. IT.)—See Oonsol. Gas Co.
Equitable 111. Gas Light of Phila.— See page 1743.
Teleph.—See West'n Teleph. & Telegraph Co.
Erie Telegraph
Fairmont Coal Co.— Organization.— Incorporated in West Vir"
ginia June 19, 1901, as a consolidation of 11 of the leading coal companies in the Fairmont, W. Va., ranges along Monongahela River, on
B. A O. RR. Owns 30,280 acres of coal lands and rights and about
4,030 acres of surface; also 24,986 acres under perpetual lease. See
V.74, p. 98, 431. The Consolidation Coal Co.of Maryland (see above),
which also controls the Somerset Coal Co., owns $6,700,000 of the
$12,000,000 stock. The Fairmont owns $1,800,100 of the $3,000,000
Clarksburg Fuel stock avd $1,350,000 Northwestern Coal Co. stock.
V. 78, 1272. The Clarksburg Fuel Co. (see report for 1903, V. 78, p.
1272) has outstanding $3,000,000 stock and $2,500
1st 5 p. 0. and
$3*3,000 six p. 0. bonds. Tonnage mined in 1903, 3,691,783; In 1902.
&
3,934,217.
Securities.
Date.
Int.
Outstand'g. Last div., etc
Stock (par of shares, $100)
Feb. $12,000,000 Feb. 1, '04, 2%
Amer. coal & Coke
1901 FAA
190,000
.".".'."."^.'
Briar Hill Coal A Coke M.„. 1900 J&D
255.000
Fairm. 1st M. of 1901
See table at top of page.
Of the 5s of 1901, $445,000 are reserved to ret re the underlying
bonds and $693,000 to retire the 6s of 1901. Sinking fund of bonds,
2 cents per ton of coal mined.
Dividends— Dividend No. 1, 2 p. 0. from earnings of calendar year
1903, was paid Feb. 1, 1904.
Report.— Report for year ending Dec 31, 1903. was in V. 78, p.
1272, allowing gross for 1903, inol. "other income," $357,013.
Tear.
Grots.
Net.
Charges. Divid'd Dcprec'n. Bal., fur.
1903..$5,.".62,041 $2,258,888 $543,106 $2*0,000 $132,819 $1,342,963
1902.. 5,264,462 1,878,866 553,994
78,019 1,246,853
President, C. W. Watson. (V. 76, p. 1033, 1251; V. 78, p. 290.)
Fisheries Co.—Seepage 1743.
General Asphalt Co.— Organization - Incorporated in New Jersey on May 19. 1903, as sucoessor of the National Aspha.t Co per
plan V. 75, p. 188; V 76, p. 1145. Properties controlled V. 71, p. 545.
700; V. 72, p. 244, 286; see also V. 73, p. 290; V. 70, p. 530, 993.
Stock.—The preferred stock has preference as to assets in case of
liquidation and is limited to dividends of 5 per cent per annum (cumulative after 2 years)
it is convertible at any time, at the option
of the holder, into oommon stook, on the basis of $150 oommon for
$100 preferred, but will be subject to oall at any time after 3
years at 110 on 90 days' notice; $7,000,000 of the oommon is reserved toward conversion of the preferred and $4,500,000 was purchased at 50 by a syndicate furnishing $2,250,000 for working capital, the new company receiving $1,871,031 after payment of the reorganization and other expenses.
Voting Trust.— Stook is vested for ten years In five voting trustees
vie., Rudulph Ellis, William F. Harrity, Alvln W. Kreoh, Henry Tatnall and George R. Turnbull, but the trust may be dissolved in whole
or in part at any time by unanimous concent, or after seven years as a
whole. In the discretion of a majority.
Bonds of subsidiary companies, $889,100. Barber Asp. Pav. deb. 6s.
due April 1, 1916; £338,000 New Trinidad Lake Asphalt debenture
6s, due Jan. 1, 1930. V. 70, p. 993; V. 71, p. 545 Bee also securities
owned, V. 73, p. 290.
Report. - Report (of reoeivers) lor calendar year 1902 in V. 76, p. 808,
showed Total gross lnoome, $13,388,000; net earnings, $552,756;add losses of previous years charged to 1902, $222,653 aotual net.
earnings for year, $775,409.
Officers. -President, John M. Mack; Vioe-Presta.. Avery D. Andrews and Arthur W. Sewail Secretary and Treasurer, Clyde Brown.
Office, Land Title Bldg., Phila.— ( /. 77, p. 513; V. 78, p. 586.)
M
;
;
;
:
;
;
General Chemical Co.—Organization, Etc —Incorporated in
New York on Feb. 15, 1899, as a consolidation of the Nichols Chemical
N \ Y James L. Morgan A Co., N. Y, and others. V. 68, p. 571.
£°i'
-«
statement, V. 74, p. 1093; V 73, p. 724.
Report.— Report for year ending Dec. 31, 1903, with balanoe sheet,
,
Jny-TS, p. 700, showed: Net Profits, $1,187,077; charged off, $215,979; div., 6 p. c on preferred, $600,000; div., 5 p. 0. on common,
$370,515; bal., sur., $583. On pref., Oot., '99, to Apr., '04, both incl.,
6 p. o per an. (lifl Q.-J.) On oommon, 1900, to 1902. both incl.. 4 p. o.
y'ly; in '03, 5 p
(Q -M.); for '04 dlvs.on com.were passed V.78,p.822.
Officers.— Pres., William H. Nichols; Treasurer, James L. Morgan;
Sec. J. Herbert Bagg. N.Y. 25 Broad 8t.— (V. 78, p. 686, 700, 822.
General Electric— Organization.— organized under a speolal
oharter of New York, Apr. 15, 1892, and manufactures outfits for electric railways and all kinds of electrical supplies. In 1896 pooled patOffloial
.
:
INDUSTRIAL STOCKS AND BONDS.
1730
MISCELLANEOUS.
For explanation
Size, or
Amount
Par loiitwr'nndtTiff
of
column headings, &o. Bee notes on
Bonds. Value, outstanding
first page of tables.
of
i
is DO
1895
1902
$1,000
1,000
1,000
1,000
17,442,800
22,406,700
9,700,000
See text.
See text.
9,944 700
6,607,500
1,085,343
3,710,000
2,000,000
12.262,500
8,850,000
2,500,000
2,000,000
700.000
1,000
100
"ibo
100
.
i'bbo
1,000
100
100
1,000
100
100 &o.
&
Mfg. Co. V. 62, p. 502, 635, 1040; V.
ents with Westinghouse Eleotrio
65, p. 151; V.68,p. 1024. (See V. 68, p. 927). V. 70, p. 6*9. ContraoK
forpower, V. 72, p. 583. In June. 1901, obtained controlling Interest
in British Thomson -Houston Co.. Ltd.. of London. V. 72. p. 1283. In
Feb , 1903, about $2,900,000 of the $3,000,000 stock of the Stanley
Electric Mfg. Co. was purchased. V. 76, p. 437.
Owns the rights for the United States under patents covering Curtis
steam turbine engines. V. 76, p. 1195; V. 77, p. 2161.
Stock.— On July 15, 1902, a stock distribution of 66*3 p. o. was
made, thus restoring the 40 per cent surrendered in 1898. See V. 74,
p. 729. 777, 1199, 1252; V. 75, p. 32. The stockholders will vote on
May 10, 1904, on increasing the authorized stock from $45,000,000 to
$48,325,500. The unissued stock, it is reported, will be offered to
stockholders pro rata at par, the proceeds to be used to pay the floating debt of the Stanley Elec. Mfg. Co. as existing when that company
was acquired, etc. V. 78, p. 1277.
Dividends.— Dividends on common stock July 15, 1899, to July,
1900, lJfl p. c, quar. (6 p.o. per annum); Oct., 1900, to Apr., 1904, incl.,
2 p. c. quar., and in Jan., 1901, 1 p. o. extra. V. 71. p. 604, 1222.
Debentures.— In 1902 $2,049,400 3*$ per cent 40-year debenture
bonds were issued, redeemable on or before Aug, 1, 1912, at par and
thereafter at 105 In exchange for the greater part of the Sprague
Eleotrio Co. stock, per plan V. 75. p. 139.
Annual Report.— Fiscal year ends January 31. Annual meeting
Is held the second Tuesday in May. Business Oct., 1903, V. 77, p. 826.
Report for 1902-03 was given at length in V. 76, p. 917, 924.
1902.
Deduct,1903.
1902.
Tear end. Jan.3l— 1903.
Income— Sales .$86,686.59'' $32,838,037 Op. exp.A taxes..$28,844,H81 $25,264,122
K14.P68
141,391 Int. ondebent...
Royalties, etc
44,331
42,310
494,360
647.844
Int. and di v....
.
938.68S
Bal.fordlv.,&c.$10,232.838
$8,566,931
Balance 1902-03, as above, $10,232,838; cash dlv. on stock, $2,677,263; total surplus Jan. 31,1902, $15,287,141; deducting $16,746,133
Btock dividend and $1,613,880 from patent aocount, leaves total surplus Jan. 31, 1903, $4,482,702. Cash Jan. 31, 1903, $3,632,556;
accounts receivable and work In progress, $14,586,063; stocks, bonds,
real estate, etc, $13,113,669; accounts payable, etc., $1,381,671.
Officers.— President, C. A. Collin; Treasurer, Henry W. Darling;
8ec M. F. Westover N. Y. office. 44 Broad St. New directors May,
1903, V. 76, p. 1088; V. 78, p. 1277.-(V. 78, p. 823, 1277.)
Glucose Sugar Refining Co —See Cora Products Co.
Gold 6c Stock Telegraph Co.— See Western Union Telegraph.
Grand Rapids Gas-Light Co.—See Ames. Light & Traction.
Great Lakes Towing Co.—See page 1743.
;
Hackensack Water Co.—V. 75,
Havana Tobacco Co.—Seepage
Hawaiian Commercial
1089, 1205.
1743.
p.
Sugar Co.— (V. 76, p.
6c
Herrlng-Hall-ITIarvin Co.—8ee
p.
755.)
1743.
Hudson County Gas.— See Index Street Railway Seotion.
Intern. Automobile 6c Vehicle Tire—See page 1743.
International Harvester Co.— Incorporated in New Jersey on
Aug 12, 1902, and purchased the property and business of the follow-
ing leading concerns manufacturing agricultural machines, viz.:
Deering Harvester Co. (see V. 75,p. 292). Milwaukee Harvesting Co
MoCormlck Harvesting Machine Co.
Piano Manufacturing Co.
Warder, Bushnell & Glessner Co. (Champion).
Also plant under construction in Canada; also timber lands, coal,
ore, blast furnace and steel properties. V. 75, p. 345; V. 77 p. 454 As
to concentration of offices, and eoonomies, see V. 77, p. 187*7.
Stock. Stock is held In a voting trust, the voting trustees being
Geo W. Perkins, C has. Deering and Cyrus H. McCormick. V.78.p. 1112.
Dividend.— First dividend, 3 p. c, paid Nov. 10, 1903.
OrFlCERS.-Chalrmau of Board Cbarle» DeertPtr; President. Cyrus H. MoCormlck: Vice-Presidents. James Deerine. Harold F. McCormick. J J ©leaner and William H. Jones: Secretary and Treasurer, Richard F Howe-' Chairman Finance i;«mmlttoe. Geo. W. Perkins; Chairman Executive Committee
J. J. Glessner.
General
Office.
7
MoLroe
Chicago— (V.78,
St.,
d. 1112.)
International mercantile marine Co.—Organization. Etc
—Formerly the International Navigation Co., the name being changed
as above and capitalization increased to unite, per plan V 74 n
888, 941, 1093; V. 75, p. 1089. 1305, on Deo. 1, 1902, the following:
Tonnage.
266,000
White Star Line
T
,
293,000
195,000
^Tstr:::::::::::::::, «»,ooo Dominion
74,000
As to agreement with German lines, see V. 74, p. 1255: relations
with English Government, V. 75, p. 735; V. 76. p. 975- V 77 n soT
The Harland & Wolff Shipbuilding Co. of Belfast, wUh which a strong
working alliance has been made (see V. 74, p. 1093) acquired It was
understood, a large interest in the Holland-America line The Jan
1904, dividend on the Frederick Leyland & Co. preferred' stock was
Atlantic Transport
dciorrQQ*
V. 7o, p. bzo.
Stock and Bonds.— Of the
stock, $12,000,000 com.
and $5 400 000
78 p 1220 The
counts, remained in the treasury (see V
per cent debentures are subject to call at ios' after 5
The International Navigation 5s are subjeot to call at par afteryears.
1<)09
and a sinking fund of $250,000 to $500 doo will retire tnem annually,
beginning May 1, 1905. President, J. Bruce Ismay. Directors:
AmeHcans.-C. A. Grlscoin, P. A. B. Wldener. It. N. Kaker John I Waterhnrv
Watert>nry
E. J. Berwlnd. Geor B e W. Perklin, James H. Hyde. Charles Steele
British CommUt/e.-SIr Clinton E. Hawkins. Rt. Hon.
J. Plrla tienry
««. «• J fine, H«nr»
pf., at last a<
1
new 4i*s
-
Wilding, Charles F. Torrey,
f
A
J. Ilruce
W
Ismav.
O^, •00m,
RA
B>
Wldener E
8tfere%eor«e w! pVTk7r?s.
Office, Whitehall Bldg., Battery Park, N. Y.
"
"
.
-
J-
g.
J.
&
&
&
Philadelphia.
Oct. 1, 1940
A. N. Y., E. McMillin&Co. Feb. 1, 1915
D. N. Y., Morton Trust Co. Junel, 1922
O.
Berwlnd. Charles
(V. 78, p. 1395.)
a 8- F.
4iflg A.
4
J.
6
F.
5g. A.
In
&
&
&
A. NT. Y., Company's office.
O. N.Y., J.P.Morgan
Co.
&
1903
None
6g.
&
&
A.
Checks mailed.
do
do
N. Y., Met. Tr. Co.
O. April, '03, ooup. purch.
Q.-J.
J.
J.
Feb.
Oct.
1,
1,
1929
1922
D.
Q.-J.
6g.
4
Nov.10,'03,3%
text. See text
Checks mailed.
July 1, '99, 1%
Apr. 1, '04,11a
Feb. 1, 1918
Oct.
1,
1951
Apr.
1, '04,1%
will.
Deo. 1, 1948
Jan. 1, 1933
Apr. 1, '04,
2, '04, 1**
At
&
D,
&
N.Y.,Am. Ex. Nat. Bk.
do
do
Q.-J.
Checks mailed.
1%
Q.-F. N.Y.,Of.,26B'dway. May
6g J. & J N. Y. Colonial Trust Co Jan. 1, 1913
n per an. M. & N. N. Y., Guaranty Tr. o. May 2, '04, 3**
7
5 g. J. & J. N.Y.,Ct.Real.B.&T.Co. Jan. 1, 1921
6 g
J,
4 in 1903
6 in 1903
-
<
International Nickel Co.— See page 1743.
International Paper.— Incorporated Jan.
31, 1898, and took
over by purchase twenty five of the principal pulp and paper mills of
the U. S., see V. 67, p. 428 and V. 69, p. 494; also applications to list
In V. 67, p. 1359, and V. 68, p. 726.
Daily output of finished paper
about 1,500 tons. See prospectus In V. 66, p. 288 and V. 67. p. 177,
also official statement V. 69, p. 281. The Continental Paper Bag Co.,
a majority of whose $5,000,000 stook is owned, has built a factory
at Rumiord Falls, Me.; its capacity was being inoreased in Oot., 1901,
from 5,000,000 to 10.000,000 bags daily. -V. 70, p. 742; V. 69, p. 494,
908; V. 73, p. 786. The American Realty Co. took over some 250,000
acres of land in Maine from International and made a mortgage for
$500,000; outstanding, $460,000. V. 73, p. 392; V. 75, p. 1205.
Dividends.—On pref., July,1898, to Apr., 1904, inclusive, 6 p.o. yearly
(1*2 quar.) On Deo. 31, 1898, paid on common. 1 p.o.; in 1899, 2
p. c;
none since
to Jan., 1904. V. 69, p. 593, 957; V. 72, p. 1037.
consols are convertible at holder's option on any Feb 1
or Aug. 1 before 1910 Into preferred stook at par; they cover all "afteracquired realty." Consols are reserved to take up $300,000 Otis Falls
issue below named. In addition to consols there are outstanding
1. Tnt. Paper purch. money.
bonds—
Interest.
TP7»er« paid.
OutsVing. Maturity.
Ammonoosuc Lumber 1st M. ?
», „
|4g. M-S N.Y. ,Met.Tr.Co. $260,000 Sept. 1, 'IS
s. f
Ontario Paper, 1st
6g. F-A
do
do
150,000 Feb. 1. '18
Rumf'rd Falls Sulphite 1st M. 6g, J-J
do
do
350,000 July 1, '18
Piscataquis Falls Paper, lsU 4 „ w a
4 K- I'- A
do
do
142.500 Aug. 1. '18
M.. s.f
.... .. }
2. All bonds (x assumed.)
x Hudson River Pulp AJ6g. J- J N.Y., Manh.Tr. Co. 1,600,000 Jan. 1, '18
Paper
Subject to call at 10* after 1907.
;
x Otii Falls Pulp Co. 1st M. («k.M-N Bost..01d Col.Tr. 300,000 May 1, '18
Old Colony Tr. Co.. trustee. J Subject to call at 105 for s. I.
x Remington Paper Co
Ar.M-N N.Y.. bec.ATr.Co. 13P.000 Nov. 1, '06
C. R. Remington & Sons Co..
6g.M-S Nat.Un.Bk .Wat'twn, 86,000 Sept. 1, '0*
Olcott Falls Co
Og.M-S N.Y., Met. Tr.Co.
389.000 Mar, 1, '19
Report.— Report for year ending June 30, 1903, in V. 77. p. 450:
Status Nov., 1903, V. 77, p. 1297, 2101; V. 78, p. 823.
Fiscal
Gross
Oosl raw ma- Interest,
Dividends.
Balance,
year.
income, teria Is, mfg. etc. taxes, etc. (6%) on pref.
surplus.
1902-3. $20,142,771 $16,529,310 $1,082,927 $1,344,402 $1,186\132
1901-2. 19,719,421
16,818,225 1,003,740
1,344,402
553.054
1900-1. 20,711,902
16,750,245
907,267
1,344,402 1,709,988
Officers.— President, Hugh J. Chisholm; First Vice-President, F.
H. Parks; Second Vice-President, T. T. Waller; Treasurer, A. N. Burbank; Seo'y, E. W. Hyde. 30 Broad St., N. Y.— (V. 78, p. 823.)
International
Co.—See page 1743.
International Salt Co.— Organization.— Incorp. In N. J. in Aug.,
1901, and aoquired a majority of the stock of the National Salt Co. and
Retsof Mining Co. per plan V. 73, p. 724; V. 75, p. 551, 736; V. 76, p.
755; V. 77, p. 1228. The purchase of the National Salt properties at
receiver's sale was set aside and a re-sale ordered on May 25. 1904
J
V. 78. p. 823, 1108, 1113.
Bonds.—The
,
.
M
Power
'
Default.— No funds having been provided for April or Oot., 1903,
interest, the coupons were purchased by friends of the management
through the Knickerbocker Trust Co. How the April, 1904, interest
was met is not divulged. See V. 76, p. 755.
Sl°£?t?H-^.f the $30,000,000 stock. $11,350,000 was to be used
with $7,500,000 bonds to acquire the stook of the National and the
stock and bonds of the Retsof companies; $7,400,000 stock was to be
issued for expenses of organization. $1,000,000 working capital, etc.
Underlying bonds $220,000|Hutehinson-Kansa8 Salt Co., due Jan. 1,
1912, and Retsof Mining Co., $1,000 gold 5s, due Oct., 1925, $2,500,000
(int.. J &J., at Knickerbocker Trust Co., N.Y., trustee).
Report for vear
ending Deo. 31, 1903. was In V. 7*. p. 1107. Pres., E. L. Fuller; 8eo.
and Treas., M, M. Beldlng Jr. Office. Soranton, Pa.— (V. 78, p. 1113.
lnt n at,onaI ., sl,, ver - Organization, ETc.-Incorporated in
xT
Nov., ?S
1898, under the laws of New Jersey and acquired control of
silver-plating properties-see list In V. 67, p. 1160; also V.
68, p 232
33
1024 Y' 76 '?- 106
8
? ba8 a lar« e sterling sliver output. See
r
o
V, t'o p 3 o 4 a8 to rlght8 ot Bt°o*, plants, etc V. 67, p. 1160; V. 68,
^?
V. A p. S4Sp. 1024
71,
Stocks, ETC.-In Jan., 1903, purchased all the stook of the U. S.
Silver Corp., which had acquired $9,068,400 common and $515,800
preferred stock of the International Silver Co. and all the stook of C
Rogers & Bro. ofJMeriden, Conn. The Int. Co. issued in payment
therefor $1,500 000 pref. stock and $2,000,000 6
p. o. debentures.
7' 6 \ p }2& Underlying bonds, $127,600 Holmes & Edwards 1st 6s.
In Feb., 1904, deposits of pref. »tock were requested. V. 78, p 823
—
£
^
:
£&
'
;
Tonnaae
.
Leyland
5
£500,000
.
$39,122,060 $33,852,363
A.
F.
20,000,000
50,000,000
100
100
&
Total
3ia
$2,214,000
1,225,000
7,500.000
100 120,000,000 See
100 49,933,400
100 52.366,800
j
973.650
,
Stree tRailw at Section.
Internat'l Mercantile Marine—Stock, com., $60,000,000.
Preferred stock, 6 per cent, cumulative, $60,000,000..
Int'l Nav. 1st M., g., $20,000,000, sub. call text.FP.o- 1*99
I. M.M.col.tr. deb., $75,000,000, red.105 af.5 yrs.N.c*&r 1902
Fred. Leyland
rl
Co. 1st mortgage debentures
International Paper— Stock, common, $20,000,000
Pref. 6%, cum., $25,000,000 (underlying bonds, text).
let oon.M.,$10,000,000, g. Us. red. af '07 at 105.conv.o* 1898
International Salt— Stock, $30,000,000
M., g.,$12,000,000,Ut»m,red. at 105, s.f.,$200,000 yrly. 1901
International Silver— Stock, common, $11,000,000
Stock, preferred. 7 per cent, cumulative, $9,000,000.
Dividend scrip (V. 76, p. 106)
1st M., $4,500,000; b. f., called at 110, beg. 1901. N..C 1898
Debentures, $2,000,000, gold, redeemable at par .... 1903
Internat'l Steam Pump Oo.—Com. stock, $18,500,000....
Preferred stock, 6 per cent, cumulative, $12,500,000..
Deben., $3,500,000 (conv.lnto com.B'tk) red 105 beg.'08 1903
Worthlngton, pref. stook, 7 p. o. cum. (pee also text)...
Holly Mfg.,l8tM.,$700.000,g.,gu p.&Lend (V.73.p.lll7) 1901
Saleofsecur.,<Sc.
Bonds— PrinolINTEREST OR DrVLDENDS.
— pal, When Due,
Rate Per When Where Payable, and by Stocks—Last.
r fint
Whom.
Payable
Dividend.
|
Date
r
Oirard Point Storage— 1st M., gu. p. &1. Pa. RR
Grand Rapid* Oa* Light— 1st mort.. gold, call at 110. Ce
Havana Oo.— Bonds, $10,000,000, gold
Hoboken Ferry— See N. Y. & Hoboken Ferry.
Hudson Oounty Gas— Bee Publto Service Corporation In
Illinois Steel— Bee United States Steel Corporation.
International Harvester— Stock, $120,000,000
[Vol. lxxviii.
L
-
76, p. 106.
Report for year end. Deo. 31, 1903, with bal. sheet, in V. 78. p. 1107.
int. on bonds, $334,387; dlv. on prefl
stock (4 p. o.|, $264,300; depreciation, $172,697; baL, sur.,
$166,753.
Pres., Samuel Dodd; Treas Geo. M. Curtis; Offloe. 11 Maiden
Lane,
N. Y. Dlreotors, V. 78, p. 1277.-(V. 78, p. 823, 1 107, 1277.)
showed net earnings, $938,137;
International Steam
Pump
Co.— Organ izATiON.-Inoorpo-
rated on Mar. 24. 1899, under the laws of New Jersey as a consolidation of five oompanies estimated to do 90 per cent of the steam pump
business of the cmiiitry, exclusive of high duty engines. Offloial
state1
6
7
7 2 ',& 673; v - 71, P. >^; report
v 6,*/-??^- N»w Vsubsidiary oompanies, 1903, V.V. 75. p. 82;
k
46 •
pV«il
1146.
t
7
In Apr., 1903, was building a new factory at Harrison. N76, p
J to cost
over $1,000,000. V. 74, p. 1311; V. 75, p. §2,21™, 76, p 215, 1146
™
^
-
INDUSTRIAL STOCKS AND BONDS.
Apr., 1904.J
MISCELLANEOUS.
For explanation
of
Date
Size, or
Amount
of
Par
column headings, &c, see notea on
Bonds Value. Outstanding
page of tables.
first
Kings County Electric Light dk Power— Stook, $5,000,000.
c 1897
1st mortgage, gold, $2,500,000. Col
Purob. mon. M., g. sec. by Ed. stk. &c (V.76, p. 47) Ce.o- 1898
Edison El. 111., oons. M., now 1st, $10,000,000, g.Mo.c* 1898
,
,
—
Lackawanna
$100
1.000
1,000
1,000
100
Steel Stock (see text)
1st M., $20,000,000, gold, redeem., convert., text.F.o*
19*03
o*
Laclede Qas Light—1st mortgage, gold.Ce
^ Refunding and extension mort., $20,000,000, gold
Coupon notes, gold
Lehigh Goal dt Navigation Stook, $15,801,300
1st M., canal, 6,030 acres coal and76 m. L. & 8. RR...r
r
lstM.,g.,Leh. &8us. RR.(V. 64, p. 41,)gold.FP
c*
2dM. [IstM.Nant.RR.](V. 65, p. 367.) gold
Con. 3d M.Canal.Coal & 122m.RR.; 2d M.26 m.RR. FPr
r
General mortgage for $15,000,000, gold.FF
o*
Collateral trust for $1,500,000, gold.
Fd. Alm.M., $7,500,000. g.(ser."A,"$2,085,000)PIFc*
Mackay Companies— P ret. stook, 4 per cent oum
Manuf. Lt. <t at— Stook, $25,000,000 (bonds, see text)...
Maryland Ooal Stock, preferred (no bonds)
Moat. Oat Companies— Pref. 4% cum., $25,000,000. OB.
Mergenthaler Linotype Stook
Mexican Telegraph— Stook
Milw. Gas-Light— lat M., g., $10,000,000, red. at 110.Ce.
Mon. Riv. Con. Ooal <& O.—Pret. 7%, non-oum.. $10,000,000
1st mortgage, $10,000,000, gold, s. f., eee text.UPL.c*
Certificates or Indebtedness, due $200,000 yearly
—
—
—
1,000
1889 100 <feo.
1904
1,000
1901
1,000
50
1864 Various
1867 Various
1867 500 Ac
1871
1,000
1884
1,000
1895
1,000
1898
1,000
100
50
100
100
100
100
1902
1,000
50
1899
1,000
1902
5.000
May 2, 1904, both lnol., 6 p. o.
July, 1901, to Apr., 1904, inol. 1 p. o.
year 1902-3, payable quarterly, beginning
Suarterly;
uly 1. The stock unissued is set apart to retire the $2,000,000 7 p.
0. cumulative preference shares of Henry R. Worthington Co. and
4188,300 6 p. o. debentures and $485,000 8 p. o. pref.shares of Blake
6 Knowles Co. Holly Mfg. Co. bonds, see V. 73. p. 1117.
Debentures.—The stockholders on Deo. 22, 1902, authorized the
Issue of $3,500,000 debentures and a like amount of common stook
Into which they are convertible at the option of the holder, for
Improvements and working capital, $2,500,000 to be issued at present.
V. 75, p. 1305, 1357; V. 76, p. 106. 215; V. 77, p. 2393.
Repobt.— Report for year ending March 31, 1903, given In V.
77, p. 145, showed net profits, $2,113,365; dividend on preferred
(6 p. c), $531,000; interest, etc., $585,709; dl v. on common (4 p. c),
$490,500; bal., sur., $506,156. President, John W. Dunn; Treasurer,
Stock.— Div. on
pref.
Aug.
1,
1899, to
common,
per annum,
1*9.0,. J.; on
also 4 p. o. from
Office, 114-118 Liberty St., N. Y. New directors, June,
1255; V.76, p. 1304.— V. 77. p. 145, 454, 2101, 2393.
Iron Steamboat.— Seepage 1743.
Jefferson 6c Clearfield Coal 8c Iron.— See Supp., Apr., 1903.
Kansas City, Mo., Gas Co.— See page 1743.
Kings County Electric Li- lit 6c Power.— This company, owning a new power station on the water front in Brooklyn, and other
Sroperty in that borough, acquired in 1898, per plan in "V. 67, p. 482,
le entire $5,000,000 oapital stook of the Edison Eleotric Illuminating
Co. of Brooklyn, thus uniting all the electric-lighting business in
Brooklyn-See V. 69, p. 177, 957; V. 70, p. 483.
Securities.—The $5,176,000 purchase money bonds are secured
by deposit of $5,000,000 Edison stock in trust, by a second
mortgage lien on the Kings County plant as now owned or hereafter
aoqulred, and by $1,000,000 cash guaranty fund to be invested in
securities approved by the committee— see V. 67, p. 482, 1309. As to
Edison Co.'s oonsol. mort'ge. see V. 67. p. 482, 842; V. 71. p. 493. 868.
Drvs.—June, 1900, to Mar., 1903, 1*$% quar.; sinoe to Mar., 1904, inclusive, 2% quar.
Earnings.— Statement for caL. year 1902 in V.76, p. 1088, showed:
Net earnings of Edison Co. under lease, $338,498; interest from investments, etc., $47,046; div. on stock (6 p. c), $150,000; bal., sur., $235,44. Pros., A. N. Brady; Treas., A. N. Nielsen. (V. 77, p. 1228.)
Knickerbocker Ice Co. of Chicago.— V. 78, p. 586, 767.
Knoxvllle Gas Co.— Organization.— Owns gas works having
daily capaoity of 400,000 ou. ft., being increased to 1.000,000 ou. ft.;
mains 33 miles In length; franchise expires Oot. 1, 1953.
Stock Common, $300,000; pref., 6 p. c. oum., $100,000; par
of shares, $100 each. Dividends on preferred paid A. & O.
Bonds. $600,000 (of which $350,000 outstanding) 1st 30-year gold 5s
($1,000 each); inc. payable Apr. and Oct. 1 at Farson, Leach & Co.,
New York or Chicago; United States Mortgage
Trust Co., N. Y.,
trustee. Bonds are subjeot to call at 103 after Oct., 1, 19 3; from Oot.,
1913 to 1922, both lnol., $5,000 must be called annually at 103, and
thereafter $10,000 annually. See V. 77, p. 1297. For 6 mos. ending
Sept. 30, 1903, gross, $42,720; net earns, applicable to Int.. $15,100.
For year ending Mar. 31, 1903, gross, $78,109; net, $28,857. Pres.,
G. G. Olmsted; Sec. and Treas., John E. Hood.— (V. 77, p. 1297.)
Lackawanna Steel Co.— Organization.— Incorporated ia New
York on Feb. 15, 1902, as successor of Lackawanna Iron & Steel Co.,
to extend the field of its operations. V. 74, p. 382, 429; V. 77, p. 2037.
The properties (see V. 77, p. 34; V.74,p.ll42; V.76, p. 161.437.) are:
(1) Plant under construction at West Seneca, near Buffalo, N. Y., to manufacture plate and all classes of structural steel and other materials In addition to steel rails and billets, to have a capacity of not ess than 1.250.00J tons
Max Nathan.
1902, V. 74,
p.
&
i
Qt finished product per
annum;
ore properties in Minnesota. Michigan,
Wisconsin and New York, stated to have 58.000,000 tons of ore in sight; (3)
21,720 acres of bituminous coal lands (coal rights and in fee) In Pennsylvania.
blast furnaces and coke ovens at and near Lebanon, Pa., an Interest in the
Cornwall RR. and Cornwall Iron Co., the first named being leased, and about
one-third of the stock of the Cornwall * Lebanon RR
Tn April, 1901, the output of rails was 1200 to 1300 tons daily. The
manufacture of struotaral iron, steel plates, etc., is to begin in the
(2)
summer. V. 78, p. 1170.
Stock.—Stock authorized, all common, $60,000 000; par of shares
$100; of this, $34,971,400 is outstanding, full paid, and $28,600 is
held for exchange, share for share, for Lack. I. & S. stook; and $20,000,000 is reserved to retire convertible bonds. V. 76, p. 869.
Bonds.— The first mortgage gold 5s of 1903 ($20,000,000 authorized
issue) are secured by a first lien on the West Seneca plant and the
stocks of other corporations owned. They are redeemable at the
company's option at 107*2 and interest to Apr. 1,1906, on 60 days'
notice, and convertible loto stook, dollar for dollar, at par. If not so
redeeme 1, at the holder's option at anv time between Apr. 1,1906.
and Apr. 1, 1915. V. 76, p. 437. Of the bonds, $15,000,000 have been
early
full, the remaining $5,000,000 being issuable for not over
two-thirds of oost of additions. V. 77, p. 34.
There are also outstanding $1,775,1.00 Lackawanna Iron & Steel
30-year 5s, due Feb. 1, 1926, Farmers' Loan & Trust Co,, trustee, covering property in Pennsylvania. V. 76, p. 385.
Officers.—Chairman of Board, Walter Scranton; Pres., William E.
Reis; Vice-Pres., Moses Taylor; V.-P. and Gen. Mgr.. Geo. L. Reis;
Treas.. J P. Higginson; Sec, J. W. Farquhar. N. Y. offloe, 100 B'way.
Directors.— J. J. Albright, C Ledyard Blair, Mark T. Cox, Warren Delano
Jr., Q. R. Fearing Jr., B. S. Guinness, Bdmond Haves, Adrian Iselin Jr. Samuel
Mather, J. G. McCullough, D. O. Mills. Moses Taylor Pyne. William K Kels
Walter Scraoton. James Speyer. H. A. C. Taylor, Moses Taylor, H McK*
Twombly. Cornelius Vanderbllt, Robert B. Van Cortlandt, Henry Walters —
(V. 76, p. 1411; V. 77, p. 34. lt», 1328, 1297, 2037; V. 78. p. 50, 106. 586, 771.)
paid for in
Laclede Gas Light.—Organization.— Incorporated in 1857, and
in 1889 seoured control of all the other gas companies in St. Louis
Operates under perpetual franchises. In 1896 the price of gas was
1731
Bonds—PrinciINTEREST OR DIVIDENDS.
pal, When Due.
Rate Per, When Where Payable, and by Stocks— Last
Payable
Cent.
Whom.
Dividend.
]
$3,750,000 See text. Q.—M.
5 g. A. & O.
2,500,000
6g. A. & O.
5,176,000
4g. J. & J.
4,275,000
35,000,000
5g. A. & O.
15,000,000
Q.— F.
5 g.
10,000,000
5g. A. & O.
4,000,000
5 g. F. & A.
1,000,000
15,801,300 6 In 1903 M. & N.
4ifl
Q.-J.
5,000,000
Q.-F.
4 g.
1,992,833
J.15&D.
1,842,500
J. & D.
2,470,750
3,686,000
4*sg. Q.-F.
1,500.000
4^g. M. & S.
4g. J. & J.
1,758,000
4
Q.-J.
(»>
21,000,000 See text. Q.-J.
1,885,005 8i« in '03, .1.30&D
25,000,000 4 in 1903 J. <fe D
-M.
10.000,000 15 in '03
10
1.912,600
'&, N.
4 g.
7,000,000
& J
9,995,000 7 in 1903
& O,
9,255,000
s
I
& J
1.860.00
!
Cheoks mailed.
Mar. 1,'04,2%
N. Y., Colonial Tr. Co. Oct. 1, 1937
N. Y., Central Trust Co, Oct. 1, 1997
N. Y., Morton Trust Co, Jan. 1, 1939
N.Y.,
100 B'dway
New York.
New York City.
do
do
Philadelphia, Office.
do
do
do
do
do
do
do
»*
-
Off.,
New
do
do
do
do
do
do
do
York.
Apr.
1,
May
1,
1923
1919
1934
1911
Apr. 1,
Feb. 1,
Nov. 27, '03, 3%
July 1, 1914
Apr. 1, 1914
June 15, 1914
June 1, 1911
May 1, 1924
Sept. 1, 1905
July 1, 1948
Apr. 9, 1904
Checks mailed.
Apr.20.'04,lifl
New York, 1 B'dway. Dec.31,'03,5%
Dec.
1, '03,
2%
N.Y., 114 Tribune Bld'g Mar.31,'04,2»a
N. Y., Office, 66 B'way. Apr.l4,'04.2ifl
M. Y., company's office. May 1, 1927
Checks mailed.
Jan.26,'04,3>*
Union Tr. Co.,Pitts.,Pa. Oot. 1, 1949
>
do
do
July
1.
1917
reduced from $1 18 to $1 per 1,000 feet for Illuminating and 80 cents
for fuel gas. Suits V. 66,p.760; V.70,p 534. In 1903 North Amer. Co.
482, 545, 922; V. 78, p. 1273.
cum.. $2,500,000; common. $9,500,000
authorized; outstanding, $8,500,000; par of shares $100. The stockholders voted on April 18, 1904, to increase the common stook to
$17,500,000. V. 78, p. 823.
Drvs.— ) »92. '93. '94. '£ to Dec, *97. '98. '99. '00. '01. '02. '03 1904.
95
Pf.5jtoum. [ 5
5
6 7 (3!a semi-an.) 8
5
5
5
5 5
Com., p. o. )
3
3
4
4 4 4 Mar., 2
Bonds.—See application to Stock Exchange in V. 49, p. 657.
Of the refunding and extension 5s of 1904 ($20,000,000 authorized
issued; Bankers' Trust Co. of New York and Mississippi Valley Trust
Co of 8t. Louis, trustees), $4,000,000 have beenjisstied and $1,000,000
additional are issuable on or before Feb. 1, 1905, $10,000,000 are reserved to refund the outstanding bonds due 1919. and the remaining
$5,000,000 may be Issued from time to time for not exceeding 85 p. c
of the cost of extension* and permanent improvements. See full
statement, V. 78, p. 1273, 1395.
Annual Report.— For vear 1903 (V. 78, p. 1273), gross earnings
$2,425,448; net, $1,148,533; int. on bonds, $500,000: div. on pref
(5 p. c), $125,000; div. on common (4 p. c), $340,000; bal, sur., $183,
533. In 1902, gross, $2,096,337; net, $1,153,578. N. Y. office. 30 Broad
St.— (V. 76, p. 922; V. 78, p. 823, 991, 1170, 1273, 1278, 1501.)
Lehigh Coal 6c Navigation.—Owns canal from Coalport to Easton, Penn., 48 miles, and leases Delaware Division Canal, 60 miles.
Also owns Lehigh & Susquehanna Railroad, Phillipsburg, N. J., to Union
Junction, Pa., 105 miles, with branches, 60 miles, and leases for 999
years Nesquehoning Valley Railroad, 17 miles Treskow Railroad, 7
miles; other lines, 17 miles total, 206 miles, of which 115 miles double
tracks but all these roads are leased for 999 years from 1871 to Central
of New Jersey RR., rental being 33*3 per oentof gross earnings, with a
minimum rentalof $1,414,400. Delaware Div. Canal is leased for 99 years
from 1866. As to Lehigh
Lackawanna RR., see V. 78, p. 1109.
Stock.—In Nov., 1902, $1,436,665 new stock was sold to provide
for Improvements and working capital. V. 75, p. 1034.
Bonds.— General M. of 1884 covers, sub.], to prior bends, 7,460 acres
ooal land, 48 miles canal and 161 miles railroad; bonds are reserved to
acquired control. V. 76,
Stock.— Preferred, 5
p.
p.
o.
;
;
;
&
retire all prior issues.
As to collateral trust bonds of 1895, see full statement in V. 61, p. 154.
For mortgage of 1898 see V. 67, p. 125. V. 70, p. 428.
Jointly and severally with Cent. RR. of N. J. guarantees $1,062,000
Leh
Hud. River Ry. gen. 5s, prin. and int. V. 67, p. 788.
&
Drvs. since 1889
/
Percent
J
'91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 1903
5 5*2 6 4i24
4
6
45*fl6 5
Annual Report.— Report for 1903 was in V. 78, p. 1166. Coal produced in 1903, 2,194,1 19 tons; 1902, 1,112,127 tons; '01. 1,905,495 tons.
Tear ending Dec. 31.
1903.
1902.
1901.
1900.
From railroads
$2,244,252 $1,819,276 $2,157,088 $1,926,175
44
Canals
Net
profit
def.69,039 def.77,036
on Leh. Coal..
Miscellaneous
730,032
203,879
393,849
217,510
def.9,077
201,096
225,822
10,734
500,462
186,339
Total receipts
$3,109,134 152,353,098 $2,574,929 $2,623,709
&1. 354,595 $1,325,365 $1,317,799
Dividends
(6)946,329 (5)717,232 (6)860,799(5is)789,066
Balance
sr. 765,253
sr.281,172 sr.388,764 sr. 516,843
Sinking fund
100,381
48,636
87,077
97,576
Depre'h and damage.
Depre'n
damage...
100,000
222,558
100,000
100,000
(V. 76, p. 161, 438, 540, 1304; V. 78, p. 771, 1166, 1395.)
Lehigh 6c Wllkesbarre Coal.—See Central RR. of New Jersey.
Mackay Companies.— Organization.— A voluntary association,
formed under terms of declaration of trust, dated Dec. 19, 1903, and
managed by three trustees, viz., Clarenoe H. Maokay, John I. WaterburyJandT. Jefferson Coolidge Jr. Controls Commercial Cable Co. V.
lnt.,rentals, taxes, &o... $1,397,551
. .
—
78, p. 991.
Htook authorized, common, $"»#,000,000, and pref. 4 p. o. cum.,
$30,000,000 (par of shares. $100 each), issuable $200 common ,'and
$200 pref. for each $100 of Commercial Cable stook.
First quarterly div. on pf 1 p. c, paid Apr. 9, 1904.— (V. 78, p. 991.)
Madison Square Garden.—See page 1743.
Manhattan Beach Hotel 6c Land Co.—See page 1743.
manufacturers' Light 6c Heat Co.— See page 1743.
Marsden Co.— See page 1743.
Maryland Coal Co.—Controls 6,000 acres of land In Alleghany
and Garrett counties, Md. Stock.— Preferred as in table, and In addition old common, $11,100, and treasury stock, $103,895. Produced
308,469 tons In 1903; 373,398 tons in 1902. Report for year ending
Jan. 31, 1904, in V. 78, p. 819, showed: Surplus earnings in 1903 over
interest, etc, were $800,688; in 1902, $288,797; dividends in 1903
(8*« p.o.) $160,199; sur. for year, $640,489.
,
Dividends— >
'93. '94. '95. '96. '97.
'98. '99. '00. '01. '02. 1903.
7i«
5
4
4
4>a
5 5** 7. 8*a
In 1903, July, 3*2, incl. 1 extra; Deo. 31. 5, inolu. 2i2 extra; V. 77,
p. 2283.-(V. 75, p. 1305; V. 77, p. 2283; V. 78, p. 586, 819.)
New pf., p.
o.
$
2*fl
3ifl
Massachusetts Gas Companies.— ORGAjozation— A voluntary
association formed in October, 1902, as suooessor of the New England
Gas
Coke Co., reorganized without foreclosure per plan in V. 74, p.
1311. Operates 400 by-produot coke ovens at Everett, Mass., and
200 additional ovens are to be oompleted by 1905. (V. 70 p. 483; V. 77,
p. 199.). The gas there produced (over 8,000,000 cubio feet daily)
Is enriched and distributed for consumption in Boston, through
the following co's, of whose stook, etc, the amounts named are owned:
&
.
I
-
.
INDUSTRIAL STOCKS AND BONDS.
lt>
MISCELLANEOUS.
Date
Size, or
Amount
of
Par
For explanation of column headings, &c,see notes on
Bonds Value.
first page of tables.
National Asphalt— £ee General Asphalt.
National Biscuit— Common stock, $30,000,000
Pref. stock, 7%, cum., $25,000,000. For bonds see text
National Carbon— Common stock, $5,500,000
Preferred stock, 7 per cent, non-cum., $1,500,000
Nat'l Enameling dt Stamping—Com. stock, $20,000.000..
Pref. stock (as to assets), 7 p. o., oum., $10,000,000.
1st mort., g., $2,500,000 auth., i 10 payable y'rly.SSt.. 1901
National Fireproofing- Com. stock, $5,500,000
Pref. stock. 7 per cent, non-cum., $10,000,000
National Glass— Stock, $4,000,000
Preferred stock, 7 per cent, non-cumulative
c*
1899
1st mort., gold, $200,000, payable Nov., yearly. V PI.
General mort., $2,500,000, g.,s. f., d'rn at 105. U PI c* 1901
National Lead Co.— 8tock, oommon, $15,000,000 auth'd.
Preferred stock (7 per cent, cum.) $15,000,000 auth
Newark Oonsol. Gas— See Street Railway Section.
N. Eng. Cotton Yarn-Yl. st'k, ($2,000,000, 0% non-oum.)
1st M., $6,500,000, gold, 8. f. sub), to call at llO.NB.o* 1899
.
<!fc
Total
It sue.
(new co.) stock.$17,500,000
8,000,000
bonds
1,000
50
50
50
50
100
100
100
p. 39, lMt. 251. 1228. 21B1, 2342;
V.
100
Owned
78, p. 106, 144W.)
Linotype.—Listed In
1898, Report for 1902-03
in V. 77, p. 1744, showed total net profits, $2,323 v 633; dividends
rival oo's, V. 67, p. 371.
(15 p. o.), $1,500,000. Statement as to
Dividends. ) 1894. '95. '96. '97. 1898 to 1900. '01. '02. 03 1904.
Percent. S 3
13ifl 15 15 Mar.,2^
lCs 16 16*3
20 y'rly.
In 1902 and 1903. 2*s p. o. quarterly (Q.-M.), and in Dec, 5 p. c extra.— (V. 77, p. 1297. 1744, 2283.)
Mexican Telegraph.—Company organized in 1878 under laws of
New York State. Has a cable from Galveston to Tampioo and Vera Cruz,
738 miles land line, Vera Cruz to Mexico City, 267 miles. Also direct
cable from Galveston, Texas, to Coatzaooalcos, Mexico, 825 miles, duplicating the Mex. Tel. and Cen. & So. Am. Co.'s Gulf oable system. Owns
2,125 shares of the Central & 8o. Am. Telegraph f o., which see.
Dividends— In 1882 to 1886, inclusive, 8 per cent yearly; from 1887
to Apr., 1904, both lnolusive, at rate of 10 p. o. per annum (2*a Q- J.)
Earnings.— Report for year ending Deo. 31, 1903. was In V. 78, p1226, showing gross earnings. $56 I, 203; net, $463,035; Mex. Govt,
share, $20,000; lmproven ents, $10,471; alvs., $191,260; bal , sur.,
$211,301. J. A. Scrymser, Pros., 66 B'way. N. Y.— (V. 78, p.|1226.,
;
JHonongah«'la Klver Consol. Coal & Coke do.— See p. 1713.
ITIonireal Light Heal &. Power Co.— See page 1744.
Mt. Vernon- Wood. C. D. Co.—See U |8. Cotton Duck Corp.
National Asphalt Co.— See General Asphalt Co.
National Itl sou it. —Organized in 1898 and purchased N Y. Bis. Co.,
Am.Bis. & Mfg. Co., etc— V. 66. p. 288, 901; V. 71, p. w, V. 77, p. 92.
Dividends.— On pref., in 1898, 5H p. O.i 1899, to Feb., 1904, 7 p. o
(1* Q-F). On com., Jan., '99, to Apr., 1904, Inol., 4 p. c (1 p c QJ)
Bonds.—These lnoluoe N. Y. Biscuit first 6s (MAS.), due Mar 1911
$804,000; Am. Biscuit & Man. 1st 6s (F&A.), due Aug., 1910, $545
OOO, and $3f.,000 5s due $5,000 yearly in October. V.67, p. 274.
annual Report. -Report for year ending Jan. 31, 190), was In V
,
p. 766, showing: Sales for year. $40,532,114; net profit, $3,709 515; dividends. 7 p. c. on pref. and 4 p. c on oommon, $2,897,005;
bal., sur., $812,51 o.
President. Benjamin F Crawford; Hec F E
Bugbee; Asst. Treas.. J. A. Lewis.— (V. 78, p. 7<>f>, 766, 1171.)
78,
National Carbon Co.—Organization.— Incorporated in New
Jersey on Jan. 16. 1899. V. 68, p. 85, 130. Dividends on pref 1899
3^» p. c; 1900, to May, '04.1* p. c quar. Report for year ending Jan'
31, 1904, with bal. sheet, in V. 78, p. 818. showed: Net eariiiuirs
$736,141; dividends (7 p. o ) on preferred, $315,000; depreciation, etc!
$280, 1 il; bal., sur., $141,012. Pres., James Parmelee; Treas
Hackenberg; Sec, H.J. Davles. Main office, Cleveland.— (V.78,p. 818.)
National Enameling 4c Stamping.—See page 17 14.
HE
National
21,616,700 6 in
1,500,000
1,500,000
1,000.000
8,012,500 8 in
1,000
1,000
1,000
,
irlergentlialcr
2,000.000
5,263,000
1,000
do
do
2,000,000
Brookline Gas Light stock
"
*l,615,00ti
certificates of indebtedness. ... 1,615,000
519,600
517,600
Dorchester Gas Light stock (V. 74, p. 8 87)..
250,000
say 225,000
Jamaica Plain Gas Light Co. stook
1,000,000
Massachusetts Pipe Line Co. (V.67, p. 275) 1,000,000
440,000
X438.300
xSouth Boston Gas Light stock
600.000
x99,300
xRoxbury Gas Light stook
2,500,000
x2,497,000
xBoston Gas Light stock
xl,999.300
xBayStace Gas of Massachusetts stock.. 2.000 000
•Brookline Gas Light Co. has $1,000,000 5 p. o. bonds held by the
public V. 76, p. 161. x Involved in Bay State Gas Co. litigation.
In 1903 (per V. 76,p.50, 106,161. 386) purchased at foreclosure the
stook deposited as security for the Boston United Gas bonds, of the Bay
State Ga« Co. of New Jersey, and so controls all the gas companies
operating in Boston. On Dec. 10, 1903, the Boston Com- olid ated Gas
Co. was incorporated with $10,000 capital stock as a consolidation of
the controlled properties, but It has been agreed not to merge without
giving six days notice to the receiver of the Bay State Gas Co. or to
aividetheearninifsof the four Addioks companies (marked with an
"x" in prec-dlnir table) without tiling a bond to protect his interests.
V. 76, p. 1301; V. 77, p. 199, 2342; V. 78, p. 106.
Stock.— Common stock authorized, $25,000,000, all outstanding;
pref., 4 p. o. cum., $25,000,000, beln< increased from $15,000,000 each
In Jan., 1903, to acquire stocks of additional gas cos. See above.
Dividends. -On pref. in 1903, 4 p. c; J. & D.
Contract.— Contract with the Dominion Coal Co. V. 75, p. 1257.
Report. Report for 9 mos. ending June 30, 1903, with balance
sheet, was in V. 77, p. 1^28, showing: Dividends and Interest received,
$755,117; one senii-sn. div. on pref. stock (2 p. c), $500,000; expenses,
$10,721; bal., sur $244,396; total undivided earnings of all constituent companies, $734,764.
Officers.— President, C. Minot Weld; Treas., Wallace S. Draper, 8ec
John C.Rice. Old Colony Tr. Co. transfer agent. Mass. Tr. Co. registrar.
Trustees —Charles Francis Adams, 2d; Walter Cabot Baylies. Samuel Carr,
Robert Clarence I'ruyn. Joseph Ballister Russell. Frederick Elmer >now, Cnas.
Augustus Stone, Albert Strauss. Christopher Minot Weld, Robert Winsor.—
(V. 77,
2,250,000
1,650,000
1,200.000
1 ,300,000
14,905,400 1 in
14,904,000 7 in
1,000
1,000
$17,500,000
8,000,000
1,998,600
Flrepro.,llng Co.— Incorporated in 1889; name
changed In 1899 from Pittsburgh Terra Cotta Lumber Co Controls
29 plants adjaoent to various olttes between Boston and Chicago over
4,000 acres of ooal and clay lands, patent rights, etc Manufactures
porous terra cotta, tlreproollng, hollow tile, building blocks etn
Properties owned, see V. 72, p. 296, 1191; V. 76. p. 651. Production
In 1902 750,000 tons, to be Increased In 1903 to about 1,000,000 tons!
Stock, Etc.— Common stock $5,500,000; pref., 7 p. c non-cnm
$10,000,000; amounts outstanding, see table above; par of shares $50*
In May, 1903, authorized stook was Increased by $2,000,000 preferred
Payable
Cent.
Whom.
1903 Q.-J. 15 Chicago
1903 Q.-F.
do
Bonds— Prlnclpal.When Due.
by Stocks —Last
-
Dividend.
%
& New
York. Apr. 15/04,1%
do
Feb.29,'04,1%
Checks mailed
1003 Q.-F. 15
Mavl4,'04,l%
1904
J.
N. Y., Colonial Tr. Co. Apr. 1, '04, 1%
do
do
a in-. 1,*04, 1\
1904 Q.-J.
2,000.000
5 g. M. A 8 St. L. Tr. Co., St. Louis. Sept. 1, *04, 11
4,489,850 See text. Q.-F.
Checks mail- d.
|Aug.25,'03,li«
7,^54.150 7 in 1903 Q.-J.
do
do
IApr.25,'04,1%
101
Bonds, Ser. 3, 4
5, $500,000 ea., call aft.10 yrs. at 102 1891-3
Bonds, Series 6. 7, & 8, $500,000 each, not subj. to call 1895-9
1900
Bonds, $1,000 ooo (text)
New York Sir Brake— Stock, $10,000,000
Vol. lxxviii.
INTEREST OR DIVIDEND8.
Rate per When Where Payable, and
$100 $29,236,000 4 in
100 24,304,500 7 in
100
5,500,000
100
4,500,000 7 in
100 15,591,800 4 in
100
8,546,600 7 in
New England Gas <£ Coke—^ee Mass. Gas Companies.
New England Telephone rf Te.leg.— Stock. $80,000,000
New England Gas & Coke
Outstanding
|
Q—
M. & N. Mellon & Sons Bk, Pitts.
do
do
M. <fe N.
1900 March. N. Y., 100 William St.
do
do
1903 Q.-M.
2 g
6 g.
-
5g.
F.
&
1904 to 1909
Nov. 1, 1921
Mch. l.'OO, 1%
>lar.ld,'04,Hi
Shawmut Bk. Aug.
A. Boat., N.
Boston, 119 Milk St.
1903 Q.-F.
A. & O. Boston, Bank of Repub.
6
A. A O. Bost., Nat. Bk. Com'rce.
5
4
J. & J. Bost., Nat. Bk. Com'rce.
1903 Q.-J. Office, 66 B'way, N. Y.
1,
1929
Mayl6,*04,li«
Apr., 1906 7-8
1915, '16* '19
Jan. I, 1930
Apr.15,'04,2%
and $1,000,000 common, the n*w stock
to be allotted as required. V.
Mortgages, $136,169.
Dividends.— On preferred, Oct., 1900, to Apr., 1904, both inclusive,
7 p. c yearly (paid Q.-J.). On common, May, 1901, to Nov., 1902, 5
May, H* p. c Aug.. 11$%;
p. c yearly (Q.-F.); in 1903, Feb., 1»« p.o
In Nov., 190 J, oommon dividends passed for present. V. 77, p. 2038.
Report —Report for year ending Deo. 31, 1903, in V. 78, p. 766,
shewed Net earnings, $1,107,289; reserve, $100,000; dividends (4i«
p. o. on com. and 7 p. o. on pref
$713,538; balance, surplus, $293,751.
Officers —Chairman, D. F. Henry; President, W. D. Henry; Treas.,
Wm. H. Graham; Secretary, C. G. Jones. Directors (Feb 1903), V. 76,
76, p. 482, 651.
;
;
:
) ,
,
Pa.— (V.78,p. 705, 766, 823.)
National Glass Co.—Organization.— Incorporated in Pennsyl
vania on July 5, 1899, as a consolidation of tableware manufacturing
482. Office, Bessemer Bldg., Pittsburg,
p.
Interests. V. 69, p. 61, 1015; V. 78, p. 587. In 1899 capacity,
For 8 outside concerns, capacity 280 pots, see V. 69. p. 1015.
678 pots.
STOCK.-In 1903 $1,650,000 pref. stock was subscribed for at par,
$875,000 being paid in cash and the balance bv surrender of $775,-
000 of old (oommon) stock. V. 75. p. 1 357; V. 76. p. 438.
Bonds.— First mortgage oonas of 1899 are payable $200,000 yearly
Nov. 1, in numerical order beginning with number one, at Pittsburg. Of
the general mortgage bonds dated Nov. 1, 1901, $1,800,000 were
reserved to replace the first mortgage bonds (inoluding the $200,000
retired Nov. 1, 1901), the remainder for improvements.
They may
be called at 105 on 30 days' notice for a finking fund, which Is to receive
p. c of the earnings yearly.
V. 73. p. 239, 348, 618 V. 75, p 1357.
Officers.— President, Andrew W. Herron; seoretary and Chairman
of Executive Committee, Addison Thompson; Treas., A. L. Strausberger; Auditor, C. H. Mitchell. Office, Pittsburg, Pa
(V. 75, p.
5
;
1357; V. 76, p. 438; V. 78, p. 587, 1278.)
National Lead Company.—Organization.— organized under
the laws of New Jersey on Deo. 7, 1891. It controls extensive plants
in different States for manufacture of white lead and other products.
In Aug., 1900. the St. Louis Smelting & Refining Co., whose stock Is
owned, filed a mortgage to secure $1,000,000 rive per cent bonds, due
1, 1920, but subject to call in 1905; int. pavable J. <s D.; Mercantile
Trust Co N. Y., trustee: of these, $50,000. which are guaranteed, are
outstanding; V. 72, p. 390. Status Jan., 1904, V. 78, p. 771.
Securities.— The preferred stock is entitled to 7 p. c per annum cumulative. See editorial of May, 1893, Supplement, and V. 60, p. 349.
Dividends.— * 1892. '93. '94. '95. '96. '97. 1898 to 1900. Since.
Common, p. c. >
2
3
1
1% yearly. None.
Preferred, p. o. 7 per cent yearly (1% Q-M to Mar , 1904, inclusive).
Annual Report.—The annual report for 1902 In V. 78, p.
766, showed: Net earnings, $1,569,069; dividends on preferred, $1.043,280; balanoe for year, surplus. $525,789. In 1902, net, $1,202,514.
uibeutoks.— W. H. Thompson, E. C. Goshorn, F. W. Rockwell, L. A.
Cole, R. R. Colgate. A. P. Thompson. Wm.
Lawrence, J. A. 8tev«ns,
George O. Carpenter, Edward F. Beale, R. P. Rowe, Walter Tufts and
Charles F. Wells. Pres., L. A. Cole; Charles Davison, 8ec; Wm. W.
Lawrence, Treas. N. Y. office, No. 100 William St.— (V. 78, p. 771.)
,
W
National Salt Co.— See page 1744
Nat. Starch Co.— See Corn Produots co.; V. 74, p. 9.71, 330, 382.
National Sugar Refining.—See page 1744.
Newark Consolidated Was.— See Street Railway Section.
New Central Coal (Ittd.).— Owns coal lands in Allegheny County.
Maryland. Tons mined in 1898, 203,677; 206,262 in 1897, 188.453
In 1896, 201,826 in 1895, and 151,002 tons in 1894; net profits.
in 1898, $37,3f>7; in 1897, $32,006; in 1896, $23,018. N. Y. office, 1
Broadway. In 1898 reduced the stock from $5,000,000 to $1,000,000
and shares from $100 to $20. V. 66, p. 901. 1140; V. 64. p. 615.
Divid'DS.— ) 88.'89.'90. '91-'94. '95-'97. '98. '99.'00.'01.'02. '03 '04
Since '86 p. 0. > 1
1
2
4 2
2 Mar. 2
—(V. 67, p. 29; V. 71, p. 700; V. 76, p. 334, 1196.)
New England
Cotton Yarn.—A consolidation of 9 yarn mills
New Bedford. Fall River and Taunton.— V. 69, p. 28, 81, 181; V. 70.
587, 1294. Total. 620.000 spindles. V 71, p. 345; V. 73, p. 443. In
p.
corporated in Massachusetts Nov. 27, 1903, as successor, per plan in
V. 77, p. 40, 149, 20o, of New Jersey Co. of same name; V. 77, p. 2161
Securities.— Stock authorized, common, $3,900,000; pref. (as to
assets and accrued div. and subjeot to redemption after Jan. 1, 1904,
at $140 per share and accrued dUidends), « p. 0. non-oum., $2,000 000. As to sinking fund for bonds, see V. 77, p. 2161.
The net earnings of predecessor company over all charges for four
years averaged over $700,000 yearly, which on the basis of fixed
charges of the new co. would, it is stated, mean surplus earnings
(over charges) of $840,000 per annum, applicable to sinking fund
of
and renewal payments and dividends on stocks.
Report.— Balanoe sheet of June 27, 1903, of old co. in V. 77, p 348.
Pres.. C. Minot Weld. Dlreotors, Deo., 1903, V. 77, p. 2162.— (V 77
l
'
p. 348, 352, 513, 2161; V. 78, p. 102.)
New England Telephone & Telegraph.—This company does a
m
Maine, New Hampshire, Vermont and Massachuunder license from The American Bell Telephone Co. On January
1,1903. it had 107,608 stations in all, against 91.281 in 1902. Of stock
$12,587,500 is owned by Amer. Telephone & Telegraph (Bell) Co. V.
70, p. 40. The debentures are to be seoured by any mortgage placed.
Dividends.- ) 1886-93. 1894. 1895. '96. '97. 1898 to May, 1904.
Percent.
,3*2 yearly.
4
4^
5
5% 6 yearly (1% Q.-F.
Annual Report —Fiscal year ends Deo. 31. Report for 1902 was
In V. /6, p.1141, showing gross earnings $6,024,609; net over interest, maintenance, taxes, etc., $1,168,769; dividends (6 p.o.) $1,108,726;
balanoe, sur. for year, $60,043.-(V. 74, p. 1312; V. 76; p. 334, 1141.)
telephone business
setts
—
INDUSTRIAL STOCKS AND BONDS.
Apr.. 1904.]
MISCELLANEOUS.
For explanation
of
,
I
Date
Size, or
Par
of
r."^ ??.*
column headings, &c, see notes on
Outstanding
Bonds Value.
page of tables.
first
N. T. Dock—Pt. stock. $10,000,000, 5%, non-cum. (text)
cfer
1st mort.. $13,000,000, gold, call at 105 Usui
N. T. Oas Elec. Light Heat <t Power— See Consol. Gas.
N. T. <6 Hoboken Ferry Co.— Stock ($4,000.000)
Hob. Fer., 1st cons. M., red. 110 ($4, 500,000). U»m.o"
N. Y. & N. J. Ferry, two morta. ($600,000 are 1st 4s)..
N. Y. & Hoboken Ferry, gen. mort., gold, $4,000,000..
N. Y. Mutual Oas Light— Stock (bonds, see Cons. Gas)...
N.T. Mutual Tel.— Mut. Un.Tel. lstM.,g.,gu.,notdr'n.Cec
New York <£ New Jersey Telephone— Stock, $15,000,000..
M. (now 1st) $1,500,000, g.,s.f.$20,000y'rly.notdr.A.c*
Nile*- Bement- Pond Co.— Stock, common, $5,000,000
Pref. stock, 6%, oum., $3,000,000. call in 1911 at 105..
Pratt & Whitney, 6 p. o. cum. pf. stock, gu., red., text..
Forth American— 8tock, $17,000,000
Norttiw. OasL. <t Coke— Consol. (now 1st) mort., gold
Mortgage, $2,000,000, gold. EC
Cicero Gas, 1st m<rtgage.UIC
Do
Gen. & ref. M., $5,000,000, g., gu.p.&i.EC.o*
Ohio <t Ind. Nat't <6 Ilium. Oas— Stock, (Bonds see. text)..
Otis Elevator— 8tock, common, $6,500,000
Stock, preferred, 6 per cent, non-cum, $6,500,000
Gold notes, due Jan. 1, yearly (see text)
Pacific Coast Co.— Stock, common, $7,000,000 (see text).
let preferred stock, $1,525,000, 5 p.o. non-cumulative
2d pref. stock, $4,000,000, 4 p. o. non-oum. (see text)..
o*
1st mortgage. $5,000,000. gold.*I»
$100 $10,000,000 2inl903A. & O.
4 g. F. & A. N. Y., U.
Ac 11,580,000
1896
1896
1898
1,000
1881
1,000
100
100
1890
1,000
100
100
....
100
1895
1898
1892
1902
1,000
500
1,000
1,000
100
"Too
• -
-
•
100
100
100
1897
1.000
Air Brake.— Incorporated under laws of New Jersey,
Watertown, N. Y.; capacity. 500 sets of car brakes a day. In
April. 1902, Russian plant was placed in operation. V 74, p. 887.
In 1896 dividend 6 p. 0.; in 1897 and 1898 none; Oct., 1899. to
Apr.. 1904, incl., 2 p. 0. quar. (8 p. c. per an.). New stock, $1,250,000
issued in 1899 Tor extensions and $1,562,500 additional in 1901.
As to patent litigation see V. 69,
V. 69, p. 181,388; V. 72, p. 876.
p. 181, 442; V. 70, p, 636; V. 73. p 1359; V. 75, p. 1358.
Directors.— President, C. A. Starbuck, 66 Broadway; Vice-Prest
Daniel Magone Secy, and Treas.. John C. Thompson; Asst.-Treas
O. H. Chaffee, Fred. Flower, H. A. Rogers, J. C. Young, Anthony N.
Brady, Thomas C. Purdy and George B.Massey.— (V. 75, p. 1358.)
York Dock Co.— Organization.— Incorporated in N. Y. State
on July 18, 1901, as successor of the Brooklyn Wharf &, Warehouse Co.,
foreclosed and reorganized per plan V. 72, p. 937. Possession
taken Aug. 1, 1901. V. 73, p. 239. Owns water frontage in Brooklyn
"frontage of more than 2M miles," of which 157 feet leased. Official
statement, V. 73, p. 1355. Projected tunnel to N. Y.. see V. 76, p. 483.
Stock and Bonds.— Com. stock, $",000,000; pref. 5 per cent nonoumulative, $10,000,000, all in shares of $100 each. Alter 5 p. 0. on
both stocks the two stocks to share equally. Of the bonds, $1,E00,000 were in the treasury June 30, 1903.
Dividends.— On pref., 1 p.o., 1902; '03, 2 p.o. (A&O); '04, Apr., 1 p.o.
Report.— Report for year ending July 31, 1903, with balance sheet,
In V. 77, p. 822, showed: Gross earnings, $1,821,618; net over repairs,
etc, $862,965; interest on bonds, $460,000; dividends (2 p. c), $200,
000; balance, surplus, $202,985.
officers.— Pres., David H. King Jr.; Vice-Pres., Columbus O'D. Iselin; Sec, Edwin Thome; Treas., George E. Spencer.
Office, 8
10
Bridge St. (Manhattan).
Y. Directors. V. 73. p. 141. 1114; V. 75, p.
1358.— (V. 75, p. ttlO, 1358; V. 76, p. 483; V. 77, p. 773, 822.)
York A East River Ferry.—Owns the "Astoria" Ferry between Astoria. L. I and foot of 92d St., New York, and has three ferry
boats. Capital stock, $750,000; dividends are payable Q.— M.
Dividends.-) '95. '96. '97. '98. '99. '00. '01. '02.
1903.
was
;
,
New
&
N
New
,
4ifl
(Q-M) P. 0.
3
4
5
5
5»«
6
6
6
S
Bonds, $750,000 1st 30-year gold 5s due Nov. 1, 1922, interest M -N.,
at Kings Co. Trust Co. Directors— William A. Nash. Theo. F. Jackson, H. K. Knapp, E. Lehman and Roswell Eldridge.— (V. 71, p. 392.)
New York A East River Gas Co.—See New Amsterdam Gas Co.
New York & Hoboken Ferry Co.— Incorporated Nov. 10,
1 898, under the laws of l>ew Jersey as successor of the Hoboken Ferry
Co. operatin g from Barclay Street, Christopher St. and West 22d St. to
Hoboken. V. 77, p. 454. In Apr., 1903, the Del Lack. & West. RR. acquired the entire f3, 300,000 stock. Dividends 1899, 1 p. c; 1900, 4;
1901, 4*; 1902, 5; since, (1). V. 78, p. 815.
Bonds— Of the $4,000,000 gen. 5s of 1898, $700,000 were reserved
for improvements all are redeemable at 110.— (V. 77, p. 454.)
N.Y.Mm.Gas Light.— SeeCon.Gas.N.Y.Mut.Tel.—8eep.l744,
New York
New Jersey Telephone.— Operates telephone
lines under perpetual license from the Bell Company in Staten Island,
Long Island (moluding Brooklyn), in New Jersey in counties of Bergen,
Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex and Union. Total stations on Jan. 1, '04, were 64,808 (of which 31,695 on Long Island), 53,184 in 1903, 42,130 in 1902 and 35,176 in 1901.
Stock —Stockholders are offered the right to subscribe at par for
$1,252,000 stock, payable 50 p. c. Mar. 1, 25 p. 0. June 30 and 25 p. c.
Sept 30, 1904, raising the amount outstanding to $13,772,000. Real
estate mortgages Jan. 1, 1904, $92,500.
Dividends.- / 1892.
1893.
1894 to Apr., 1904, inolustve,
Per Cent.
6
7% yearly (incl. 1% extra in Jan.)
Earnings. -Report for year ending Dec. 31, 1903, was in V. 78, p.
showing gross, $4,741,342; net, $1,471,347; interest and taxes,
817,
$181,214; dividends, $852,215; balance, surplus, $437,918. In 1902,
gross, $3,962,597.— (V. 75, p. 669; V. 76, p. 592; V. 78, p. 345, 817.)
N. V A Q. Elec. Light A Power Co.—See page 1744.
New York Suburban Gas.—8ee V. 68, p. 474; V. 70, p. 844.
York Telephone Co.—See page 1744.
New York dc Texas Land Co.— See page 1744.
.
:
;
&
$6
.
New
N. Y. Transportation;— Seepage 1744.
Niagara Falls Power Company, The.—Organizedin 1886 and
jias authority by special acts of New York State to use the water of
Niagara River and also to transmit any power, heat or light developed
from such water to practically any point in New York State. It has
1,071 acres of land devoted to manufacturing sites for users of its
electrical power. Tunnel first opened January 1, 1894. Completion
of installation of power-house No. 2 increased in 1904 the company's
capaoity to 105,000 electrical horse power and 8,000 hydraulio horse
power on the American side.
plant on the Canadian side of 100,000
horse power is under construction. First installation of 50,000 horse
power is to be completed in 1904. V. 72, p. 939; V. 73, p. 35.
Securities.
Par.
Interest.
Outstand'g. Maturity, etc.
A
Stock
l8
$100
e g
S?000?0C 6 Ce'S
500, &c. 5g. -Various.
Debent's, g con v., > , nnn
$3,000,000. Mp. \ 1 000
Debentures, conv., ) , nnn
1 000
,
'
6g.-A.&0.
$4,180,700
10,000,000 Jan.
3,000.000
Apr.
1,
1932
1,
1910
6g.-A.&0.
2,311,000 Oct. 1, 1911
$3,000,000 ..Mo 5
Stock authorized by stockholders $10,500,000. Issued, $4,180,700,
$6,000,000 being reserved for conversion of an equal amount of
debentures. The stockholders are to vote Oct. 24, 1903, on increasing
the authorized stock from $9,500,000 to $10,500,000; of the new stock
$900,000 is to be issued to acauire the $140,000 Niagara Junction Ry.
'
3,300,000
4,100,000
1.000,000
3.300,000
3,500,000
5,000,000
13,690,100
1.277,000
5,000 000
2,000,000
1,225,000
16,800 000
250.000
1,202,000
500,000
1,770,000
9,000.000
6,:- 50,300
5,5^9,500
950,000
6,738,800
1,502,800
3,904,VOO
4.446.000
1,000
at
p
INTEREST OB DIVIDENDS.
Rate per When Where Payable, and
Whom.
Payable
Cen £
1901 500
New York
Works
1733
5 in 1902
5
4&5
5
g.
9 in 1903
6
g.
7 in 1903
5 g.
S.
M.
& Tr.
Q.-M.
M.
&
& J.
& D.
& J.
M. & N.
—J.15
& & N.
.
-
pal.When Duo.
by Stocks— Last
Dividend.
Apr.15,'03,
Co,
Aug.
1,
1%
1951
m
Deo.
N. N. Y., Oflice D. L.
J.
J.
J.
Bonds— Prinoi
1, '02.
1, 1946
Jan. 1, 1946
1, 1946
Jan. 9, '04,4%
Tel.
1, 1911
& W. May
do
do
do
May
do
Checks mailed.
May
N. Y., West. Union
Bklyn,81WilloughbySt. Apr. 15/04, H«
N.
Y,
Atlantic Tr. Co.
May
1.
1920
8 in 1903
6 in 1903
6 in 1903
5 in 1904
Q-M.
Checks mailed.
do
do
Q.-F.
do
do
Q.-F.
Q-M. N. Y., 30 Broad Street.
Mar.19,'04,2%
6
Q.— J.
Q.-M.
1, 1915
1, 1928
July 1, 1922
July 1, 1932
June 1, '02.1%
Apr. 15, '04. 2
g.
»•
Equit. Tr. Co.. Chicago,
do
Q.-J. Merch. L.
&
do
& Tr. .Chicago
Chioago.
N. Y.. Corn Exc. Bank.
8ee text. see text N. Y. Off., 17 Batt y PL
5
g.
2 in 1902
J.
J. Equit. Tr. Co.,
Q-M
Feb.l5,'04,lifl
Feb 15,'04, lifl
Mar. 1, '04. IJ4
Jan.
Deo.
do
Apl. 15,'04,lia
do
To 1908
do
do
N.Y.,Manhat. Trust Co May2,*04, 1^
May 2, '04, 1H
do
do
do
do
May 2, '04, I**
do
June 1, 1946
D.
do
6
Q.-J.
4 g.
5 in 1903 Q-F.
5 in 1903 Q.-F.
5 in 1903 Q.-F.
5
g.
J.
*
preferred stock, the$421,2oO Niagara Development Co. preferred and
$113,498 non-interest-bearing stock.
The. first mortgage of 1891, $10,000,000, covers 1,071 acres in
oity of Magara Falls, tunnels, franchises, etc.; also the majority stock
Conduit Co., Buffalo, and the Tonawanda
of the Cataraot Power
Power Co., North Tonawanda, N. Y. Coupon mort. bonds are $1,000
eaoh; int. J & J; registered; $500 or multiples of $500; int. Q.-J. For
the construction of power house and wheel-pit No 2, with connecting
tunnel, $3,000,000 debentures, dated April 1, 1900. convertible into
stock, $ for $, at holder's option on or before April 1, 1908, have been
iesued. Stockholders in July, 1901, subscribed at par to $2,700,000
of $3,000,000 new debentures, payable in instalments, to build plant
on Canadian side, convertible at holder's option after Oct. 1, 1903,
and before Oct. 1, 1908, into stock, $ for $. They are secured by an
equal amount of debentures of Canadian Niagara Power Co. V. 73, p»
35. See V. 70, p. 689.
Earnings— For 6 mos. ending Dec. 31, 1903, gross, $579,550; net,
$481,060; other income, $37,295; flsed charges, taxes, etc., $373,940;
improvements and betterments, $42,198; bal., sur., $102,217.
President, D. O. Mills; 1st Vice-Pres.. Edward A. Wickes; 2dV.-P.
and Treas , William B Rankine; 3d Vice Pres., Geo. W. Davenport;
Sec, Frederick L. Lovelace; Asst Sec. and Asst. Treas.. W. Paxton Little. N. Y. office. 15 Broad St.-(V. 74, p. 1143, V. 75, p. 1034; V. 76, p.
1146; V. 77, p. 1229.)
&
Nlles-Rement-Pond Co.—Organization.—Incorporated in New
Jersey on Aug. 11, 1899, as a consolidation of the Niles Tool Works
Co. , etc Does much of the heavy machine trade of the country.
V. 69, p. 388. In January, 1901, took over entire oommon stock
($1,525,000) of the Pratt & Whitney Co., guaranteeing 6 per cent on
the latter's $1,225,000 preferred stock (subject to call in 1911 at par)
provided that the guarantor earns same on its own stock. V. 71. p.
139; V. 70, p. 1253; V. 72, p. 143. In Mar., 1904. control of Milwaukee Machine Tool Co. was acquired. V. 78, p. 1113.
Stock, common, $5,000,000; pref., 6 per cent cum. (subject to call
in 1911 at 105), $3,000,000, of the latter $1,000,000 being unissued.
Div. on pref., Nov., 1899, to Feb., 1904, l»a p. c quarterly, (Q.-F.)
On common, Sept., 1901, 1*8 p. c; Dec, 1*2 p. c; 1901, 6 p. 0. (Q.-M.);
1902, Mar., Us p.o. and 1 p. 0. extra, paid May 15; Sept., 2; Dec,
2 in 1903, 8 p.o. (Q.-M.); in 1904, Mar.. 2 p.o. Statement for cal. year
1902 in V. 76, p. 544, showed: Net, $1,627,965; reserve for depreciation, $200,000; div. on pref. (6 p. c), $253,500; on common (8 p. c),
$400,000; balance, sur., $774,465. Pres.,RC. McKinnev; Treas., Chas.
L. Cornell; Sec, E. M.C. Davis, 136 Liberty St., N. Y.-(V. 78, p. 1113.)
;
North American Company.— Organization.—Organizedin 1890
tinder laws of New Jersey as successor to the Oregon & Trans-Continental Co. Is interested in street railway and electric enterprises. In
1901 the stock was decreased from $40,000,000 to $12,000,000 bythe
issue of one share for each 3*3 shares. V. 73, p. 30; V. 76, p. 106.
The stockholders voted on Mar. 23, 1903, to inorease the stock from
$12,000,000 to $17,000,000 to pay for stock of the Laclede Gas Light
Co. of St. Louis and inorease the company's holdings in the gas and
elec light business In St. Louis and elsewhere. V. 76, p. 545, 814, 923.
Dividends.— In 1903, 4 p. ; in 1904, 5 p. c, derived from interest
and dividends received from permanent investments, is payable quarMarch 1, June 1, Sept. 1 and Dec. 1, 1904. V. 78, p. 345.
Report, etc.—Fiscal year ends May 31. Report for year 1902-03
at length was in V. 76, p. 1361; V. 77, p. 35.
Controls Milwaukee
Electric Railway A Light Co. (see Street Ry. Supp.); also the Cincinnati Newport & Covington Light & Traction Co. V. 72. p. 922,
V. 74, p. 584, 1306, Union Electric Light & Power Co., of St. Louis,
terly on
V. 74, p. 1256, 1306. V. 75, p. 345, 506, 1258, V. 77, p. 40, 774; V. 78,
346, and Detroit Edison Co., V. 75. p. 983. Laclede Gas Light Co.
of St. Louis, see V. 76, p. 1360, 1361; V. 78, p. 1278. On May 31. 1903,
owned: Stocks, $14,563,688; bonds, $900,866; and balance sheet
showed loans payable, $847,121; accounts receivable, $861,594;
cash, $718,168.
p.
Directors.—Edward Q. Keasbey, John I. Beggs, C. W. Wetmore, 8. W.
Edwin M. Bulkley, Wm. Nelson Cromwell, G. R. Sheldon, Edmund C. Converse, Henry C. Payne. Robert Baoon, Chas. F. Pflster,
Chas. A. Spofford. President, C. W. Wetmore Vice-Pres., Charles A.
Spofford; 2nd Vice Pres.,
F.White; Sec, Silas W.Burt; Treas., Geo.
R. Sheldon, 30 Broad St.— (V. 78, p. 345, 824, 1278.)
Northern Union Gas Co. (New York City.)—V. 65, p. 621.
Northwestern Gas Light &. Coke Co.— See page 1744.
Northwestern Telegraph.—Owns 8,000 miles of wire and 1b
leased to Western Union for 99 years, which guarantees dividendB
at 6 per cent on $2,500,000 stock (par $50) and principal and Interest
on 1st mort. 30 year 4^8, due Jan. 1, 1934, interest J. & J.; Bowling
Green Tr. Co. of New York, trustee.— (V. 72, p. 143, 630; V. 78, p. 705.)
Ohio & Indiana Consol. Nat. & Ilium. Gas.—See page 1744.
Omaha Water Co.— See page 1744.
Otis Elevator Co.— Incorporated Nov. 28, 1898, under the laws
of New Jersey and took over about 13 plants comprising about
Burt,
Wm
;
85 per cent of the business. See V. 71, p. J4s; V. 74, p. 271; V. 75,
552. Stock $6,500,000 common; outstanding, $6,350,300.
Preerred outstanding (see table above), $4,499,800. The stoohholdere
voted on Sep. 8, 1902, to inorease the authorized preferred stock from
$4,500,000 to $6,500,000; of the new stock $989,500 was sold to stockholders pro rata at par for improvements and working capital, the
balance to remain for future purposes. V. 75, p. 345, 552.
Dividends on pref., July 15, 1899, to Apr., 1904, both inclusive, 1*3 p.
0. quar. (6% per annum).
First div. on common, 2 p. c, paid Apr., 15,
1903, from earnings of 1902; on Apr., 15, 1904, 2 p. c. V. 78, p. 1114.
Gold notes, $1,250,000, due $150,000 Jan. 1, In 1903.to 1905, $400,000
in 1906 and $200,000 In 1907 and 1908.
?i.
INDUSTRIAL STOCKS AND BONDS.
1734
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Date
<fco.,
see notes on
—
Pacific Mail Steamship Stock
Pat. Pack. <t Nav.— Deb. (V.74,p. 1143) g.,s.f., red. text..
Palerson <£ Passaic Gas <& Elec—See Stkekt Rv. Section.
Pennsylvania Canal Gen. M., $5,000,000, int. guar...c*
Pennsylv. Steel Oo.—Pt. stook, 7%, non-cum., $25,000,000
—
Old Penna. Steel IstM., cur. OP
Maryland 8teel 1st mortgage, ourrenoy.«JP
8ize, or
of
Par
Bonds Value. Outstanding
$100 $20,000,000
1902 500 &0.
1,500,000
1870
1887
1892
1895
Penn. Steel Co., Consol. mort., $7,000,000, gold.GP
1902
Collat. trust loan Cornwall properties, s. f., red. text ..
Maryl'd Steel oar tr. bonds, g $60,000 due yrly, oall 105 1902
People's Gas Light dk Coke (Chicago)— Stock, $35,000,000
People'8 Gas Light & Coke 1st mortgage, gold, $ & 8, .c 1874
c 1874
2d mortgage
*o 1893
1st consol. mort. for $10,000,000 gold. Ce
o* 1885
Equitable Gas Light & Fuel 1st mortgage Ce
c 1887
Chioatco Gas Light & Coke 1st mortgage, (f.(FP)
Consumers' Gas 1st mort., gold. See V. 66, p. 472.Cec 1886
c 1885
Illinois L. H. & Power 1st mortgage
IC 1885
Lake Gas & Light 1st mortgage, gold
P. G. L. & O— Refunding JL, $40,000,000, g.F...o*«fcr 1897
Mutu al Fuel Gas 1st mort., $5,000,000, gold, assumed. 1897
1884
Hyde Park Gas, 1st mortgage, assumed.Ce
Calumet Gas Co. 1st mortgage, assumed
Phila. Electric Stook to be $10 per sh. paid In (see text).
Phila. Eleo. Trust Ctfs., gold, $17,500,000 (see text)... 1899
1896
Edison Eleo. Trust Ctfs., gold (Ed. stk. as coll.)
Old Phila. Eleo. Tr. Ctfs. (Penn. H. L. & P. stook as col.) 1898
r
r
o*
,
.
—
J.
A.
2,282,000
.1.
6
16,500,000 7 In 1903 M.
1,000
1,000,000
5
1,000
1,915,000
5
500 &0
3.482,000
1,000
7,350,000
5 g.
1,000
540,000
100 32,969,100 6 in 1903
500
2,100,000
6g.
500
2,500,000
f «'
1,000
4,900,000
S g
1,000
2,000,000
1,000
10,000,000
I g
1,000
4,246,000
1,000
500,000
1,000
300,000
g
i
1,000
2,500,000
1,000
5,000,000
g
500 Ao
200,000
i
1,000
250,000
6 g.
25 24,987,750 5 In 1903
14,982,200
100 &o.
1,994,300
5 g.
1.000
11,268,060
5 g.
I
[
;
.
Balance, surplus
$1,256,356
Totalnet income
$368,187
For year 1901-02, gross, $5,074,207; net, $1,088,692.
Officers, Etc.—Chairman of the board and Pres., H. W. Cannon;
1st Vioe-Pres., J. C. Ford Treas., John Kean 2d V.-P. and Sec, W. M.
Barnum; Asst. Treas., Clifford C. Fay. Executive Committee: Henry
W. Cannon, E. H. Harriman, Daniel S. Lamont, T. Jefferson Coolidge
Jr., and GrantB. Sohley. N.Y. office 10 Wall St.— (V.77, p. 1291 ,1 306.)
Pacific mall Steamship.—In Nov., 1900, the Southern Pacific
;
Co. acquired $10,005,000 of the stock. V. 71, p. 1015. In June, 1902,
made tnree year agreement with Panama RR. V. 74, p. 1255. In Mar.,
1903 purohased two steamships for about $3,000,000. V. 76, p. 708.
Dividends.—No dividends from 1887 until Dec, 1896, when 1 p. c
was paid; in '97.2p.c; in'98,2iflp.c; in '99,June,li3p.c; Dec.l^p.c
Done since, surplus being invested in new vessels, etc V. 70, p. 331.
Report.— Report for 1902-03 in V. 77, p. 248.
1903.
Year ending Apr. 30.
1902.
1901.
1900.
Steamships
$2,677,913 $1,883,413 $2,868,969 $3,509,840
3ubsidles~.
14,510
8,640
13,878
12,282
Miscellaneous
135,083
137,293
188,319
195,498
Total earnings... .$2,827,506 $2,029,346 $3,071,166 $3,817,620
Net earnings
$8,280 df.$307,935
$167,821
$830,189
Dividends (3 p. 0.) in 1899-00, $600,000; baL, but., $230,189.
E. H. Harriman, President; Alex. Millar, Sec, 120 Broadway, N. Y.
V. 76, p. 708. 1 190; V. 77, p. p. 248.)
Pacific Packing A. Navigation Co.—See page 1744.
Passaic Qas &, Electric Co. See Street Rt.Sec'n.
Pater son
—
Pennsylvania Mfg. Light & Power.— See Philadelphia Eleo!
Pennsylvania Steel Co.—Chartered in New Jersey on Apr. 29,
1901, and aoquired per plan in V. 72, p. 46, 91, almost entire $6,500,of Penn. oompany of same name and entire stook of Maryland Steel Co. Thus controls plants at Steelton, Pa., and Sparrows
Point. Md., lnoluding blast furnaces, annual oapaoltv 750,000 tons pig
Iron: two Bessemer plants, capacity 800,000 tons, and one open-hearth
plant, capacity 250,000 tons of Ingots; two rail mills, capacity 640,000
tons, a shipbuilding and a bridge-building plant (new plant V. 77, p.
773), a oomplete frog and switch building plant, etc, etc Owns entire
$150,000 stook of Bait. & Sparrows Point RR.
Owns the entire $2,400,000 stook of the Spanish-Amerioan Iron Co.,
shipping from 400,000 to 500,000 tons of ore annually, and owning
about 5,000 acres of land near Santiago, Cuba (V. 62, p. 776; V. 71. p.
393; V. 76. p. 917; V. 77. p. 1229; V. 78, p. 1495).
In 1901-02, purohased a *o 9a interest in the Cornwall Ore Banks Co.,
Lebanon Co., Pa., the Lebanon Furnaces, Lebanon, Pa., and $540,000 of
the $800,000 stook of the Cornwall & Lebanon RR., and issued $7,500,000 30-year 5 per oent collateral trust bonds of Tne Penn. Steel Co.
(of Penn.). V. 75, p. 345, 397; V. 72, p. 1241, 1283; V. 73, p. 1364;
V. 74, p. 1312. Omolal statement of properties, etc, V. 73, p. 1395.
In Juno, 1901, oontrol was aoquired by the Pennsylvania RR. and
affiliated roads by purchase of $10,000,000 each of common and preferred stock. V. 72, p. 678.
Stock.—Common stook authorized, $25,000,000; outstanding. $10750.000 (par $100). Preferred, see table above. V. 72, p. 1241.
Dividends.— On pref. stock since re-capltallzation, Nov. 1, 1901. to
May. 1904, lncl . 7 p. o. yearly (paid M. & N.)
Bonds.— Consolidated joint mortgage covers theplantsat8teelton. Pa.,
and Sparrows Point, Md., and all of the $1,000,000 stook of the Maryland Steel Co.; $3,000,000 are reserved to retire the prior liens. Car
V. 72. p. 579.
••trust notes Deo. 31. 1903, $175,000.
Of the coll. trust 5 p. o. bonds trust 5s of 1902, not less than $100,000
nor more than $500,000 may be called, at 105, at any interest period;
O00 stook
1899
5 g.
3 in
100
"1
&
INTEREST OR DIVIDEND8.
Rate per When Where Payable, and
Cent.
Whom.
Payable
1,000
Report for year ending Dec 31, 1903, with bal. sheet, In V. 78, p. 1220,
1273, showed net earnings over Interest and renewals, $908,055; dlv.
on pref. (6 p. c), $332,670; dlv. on common (2 p. c), $127,006; charged
off for depredation, $266,575; bal., surplus, added to working capital,
$200,000. Office, 17 Battery Place, N. Y.— (V. 78, p. 1 220, 1 273.)
Pacific Coast Company.—This oompany controls the Pacific
Coast Steamship Company (owning its entire capital stock) and
operates five steamship lines running between San Francisco,
Portland, Viotoria, Sitka, Fort Bragg, San Diego, &c Also owns all the
securities of the Columbia* Puget Sound BK. (now standard gauge),
Seattle to Franklin, etc, with sidings, 57 miles, and its New Castle
mine; the Paoiflo Coast Ry. (narrow gauge), Port Harford, Cal., to Los
Ollvos, 80 miles. Operates Franklin Coal Co. owning Franklin mine,
with 3,050 acres ooai lands at Franklin and 2,083 aores at New Castle.
History.—Successor on Dec. 1, 1897, to the Oregon Lmprovement
Co., sold in foreclosure and reorganized p. plan in V. 65, p. 412, 463.
1898.
Dividends—
1899.
1900 to Aug., 1902. Since.
2
1*4 quar.
2
Com., per ot..
(4% per an.)
4i«
5
1st pref., p. 0.
(5% per an.)
1H quar.
3*3
4
2d pref., p. c. J
(4% per an.)
1H quar.
After 4 p. 0. on 2nd preferred and common, these stocks share equally.
Latest Earns.—8 mos. > 1903-4.. .Gross, $3,889,081; net, $725,335
July 1 to Feb. 29.
3,692,910; net, 700,313
J 1902-3... Gross,
Report.— Report for year ending June 30. 1903, at length in V. 77,
p. 1291, 1306, showed gross of steamships and colliers, $3,598,959; net
$517,345; rail lines, gross, $649,947; net, $315,388; coal department,
etc, gross, $1,357,846 net, $379,244. Detailed results were:
$5,606,754 Interest on bonds
Gross earnings
$222,300
Op.expenses and taxes 4,394,775 Depreciation, eto
39,619
Div. on 1st pref. (5%)....
76,250
Net earnings
$1,211,977 Div. on 2d pref. (5%)
200,000
Interest and discount..
44,378 Div. on common (5%)
350,000
;
Amount
[Vol. lxxviii.
-
-
5*
-
-
&
&
by
Stocks
Phila., Broad 8t. Station
Checks mailed.
Philadelphia Offloe.
dO
do
Girard Trust Co., Phila.
Philadelphia.
m
1, '99,
1, 1922
Aug.
O.
Due.
— Last
Dividend.
D. N. Y. Mercantile Trust. Deo.
A J.
& N.
& N.
& A.
& S.
& o.
& J.
—F.
& N.
& D.
& O.
& J.
& J.
& D.
& N.
& J.
& 8.
& N.
& S.
&
&
&
&
&
Bonas— Princi-
pal, When
1, 1910
2, '04, 319
Nov. 1, 1917
Feb. 1, 1922
Sept. 1, 1925
Oct. 1, 1932
July
May
Girard Trust Co., Phila July 1, '04'12
N. Y., Central Tr. Co. Feb.25,'04, 1^
N. Y., Cent. Tr. & Chic. Nov. 1, 1904
N. Y., Cent. Tr. & Chic
N. Y., Central Trust Co.
N. Y., Cent'l Tr. & Chic
do
do
N. Y., Central Tr. & Ch.
Chicago, Chic Nat. Bk.
HI. Tr. & Sav. Bk., Chic
New York.
Dec
1,
1,
1,
1,
1,
Nov. 1,
July 1,
Sept. 1,
Nov. 1,
Sept 1,
July 1,
Apr.
July
July
Dec
1904
1943
1905
1937
1936
1915
1915
1947
1947
1904
1917
N. Y., Cent. Tr. & Chic
First Nat. Bk., Chicago.
J. Chicago Eq. Trust Co.
Checks mailed.
Decl5.*03,2»s
D.
J.
Land
Title
&
Tr., Phila.
Oct, 1949
O. CltyTr.,S.D.&S.Co.,Ph. Aft. Apr., 1946
O. LandTit.&Tr. Co.. Phila. Apr. 1, 1948
in addition a sinking fund of 50 cents per ton of ore mined is to be
similarly applied; if the sink, fund is not sufficient to redeem
$150,000 the company must meet deficiency. V. 74, p. 1312.
Report for calendar year 1903, in V. 78, p 1495, showed: Earnings
of operating companies over charges and depreciation, $2,189,097,
against $2,473,532 in 1902; dividends (paid to Penn. Co), $1,419,360;
bal., $769,737; total receipts of Penn. Co., $1,530,461; bal., surplus,
over expenses ($30,458) and 7 per oent dlv. on pref. (including
paid May, 1904). $345,003; combined surplus of operating and holding
companies, $1,114,740. Business Mar., 1904, V. 78, p. 992. Directors,
Oct. 1901, V. 73, p. 1355.-(V. 78, p. 992, 1495.)
People's Gas Light
Coke (Chicago).—An absolute consolidation on Aug. 2, 1897, of the oompanies forming the old Chicago Gas
Trust.—V. 64, p. 1088; V. 65, p. 235. Mutual Fuel was purchased in
November, 1897, and early in 1898 consolidated, as was also the Hyde
Park Co., with the People's Gas-Light & Coke Co. The Uuiversal Gas
Co. (stook, $1,500,000) is controlled in the company's interest.—V.
67, p. 179; V. 68, p. 474. On Nov. 1, 1900, made a oontraot to purchase tbe property of the Ogden Gas Co. for $7,000,000, at the expiration of the hitter's franohise on Mar 4, 1945.— V. 72, p. 91, 244.
630, 779; V. 74, p. 99, 155; V. 78, p. 1501. As to Indiana Oil A Gas
Co., see V. 67, p. 690; V. 68, p. 825, 1182; V. 71, p, 33, 1123. Afljto
Northwestern Gas Light
Coke Co., see that 00. above .
Property.—In service January, 1904: Street mains, 1,872 miles ;
meters, 347,750; public lamps, 24,948; V. 78, p. 1501. See V. 66, p. 382.
In June, 1901 a settlement was reached with the oity on the basis
of the latter receiving on aooount of its percentage of the gross receipts (viz., 3*2 p.
from illuminatrng aud 5 p. 0. from fuel gas) free
gas for 25,000 street lamps (this service to be valued at $350,000) and
for these lamps Welsbach burners (valued at $25,000), these to be
maintained by the oity; any surplus in the percentage above $375,000 to be paid in cash. The oontraot forbids the oity to attack the company's franohise, but reserves to it the right to continue the Ogden
gas and 75-oent-gas suits. See V. 72, p. 1283, 1087; V. 74, p. 155; V.
75, p. 246, 669. In Jan., 1904, the lower court decided that the 75-oentgas ordinance was illegal. V. 78. p. 346, 765, 1396. Ln Oct., 1903,
the constitutionality of the Consolidation Act of 1897 was upheld. V.
73, p. 349; V. 77, p. 1536, 2343; V. 78. p. 765.
Stock.— In Sept., 1901, stockholders subscribed to $4,300,300 stook,
raising the amount outstanding to $32,969,100. Y. 73, p. 496.
'93.
'94. '95. '96. '97 to Feb., '04
Divs.— )'89. '90. '91 '92.
2ifl
Percent. 5 4
3
3 514413(11380.) 6
Ha 6y*rly(li«Q-F)
Bonds, Etc.—Of the $40,000,000 issue of 1897 $26,546,000 bonds
were reserved to retire prior bonds. The balance may be issued for
additional property, improvements or betterments. V. 65, p. 572.
Report—Report for year ending Deo. 31, 1903, in V. 78, p. 699.
3^%
&
&
,
c
TEARS ENDING DEC. 31
1903
Gross inoome
Net over oper. exp
Interest on bonds
Depredation
$11,854,800
$5,414,438
1,857,300
656,431
Balance for stock....
1902.
$11,058,413
$5,145,202
1,857,300
630,586
1901.
$9,663,476
$4,871,305
1,857,300
611,836
$2,900,707
$2,657,316
$2,402,169
$1,978,146
$1,978,146
$1,784,633
Officers.—Chairman of Board, C. K. G. Billings; President, Geo. O.
Knapp; V.-P., A. N. Brady, 2d V.-P., Walton Ferguson; 3d V.-f\, O.K.,
Wooster; Treas., W. S. MoCrea; Sec, L. A. Wiley. Offloe. 54 Wall St
N. Y.-(V. 77, p. 2343; V. 78, p. 346,699, 765. 1396.)
Philadelphia Company.—See Pittsburg, in Street Ry.Section.
Philadelphia Electric Co.— See page 1744.
Pittsburg Coal Co.— See page 1744.
Planters' Compress Co.—See pagel745.
Pocahontas Coal Coke.—See Norfolk & Western Ry.
Pope Manufacturing Co.— Organization.- Incorporated in
New Jersey in Feb., 1903, as successor per plan in V. 75, p. 1401, and
V. 76, p. 267, of the Amerioan Bloyole Co., which acquired concerns
mentioned in V. 69. p. 177, 493. See application to list, V. 72. p.
536, and V. 73, p. 782, 1358, plan V. 75, p. 1401.
Stock.— Common stock, $10,000,000); 1st pref, 6 p. c cum. (subjeot
to oall at 110), $2,500,000; 2d 5 p. c pref. cum. after Feb. 1. 1905
$10,000,000; par of shares, $100 each, all outstanding. Stook is Oield
in a voting trust until Feb. 1. 1908
Officers. - President. Albert A. Pope; 1st Vioe President, Albert L.
Pope; Treasurer, Geor«e Pope; Secretary, Paul Walton. Offloe. 21
Park Row, N. Y. (V. 77, p. 150, 352, 454; V. 78, p. 1501.)
Postal Telegraph Cable.— See Commercial Cable Co.
Pressed Steel Car Co.—Organization.—Incorporated In N. J.
on Jan. 13, 1899; a consolidation of plants at Joliet, 111., and Pittsburg, Pa. Prospeotus in V. 68, p. 188, 131. Capaoity of the works
about 120 oars a day of largest size. Competition, V. 73, p. 1316;
V. 74, p. 580. Leases plant at Hegewisoh, 111.; capacity 50 wooden
oars daily. V. 74, p. 991, 835, 729.
Bonds.—The first mortgage gold bonds are subject to oall in whole or
part at par and Interest on any interest day. V. 72, p. 343; V. 74, p.
203. Series due Feb. 1, 1904, was called for and payment made on
Feb. 1, 1903. V. 75, p. 1305. There are also $75,000 purchase money
bonds of 1902, int. at 4 p. c, payable J. & D.
Dividends.— On pref.: to Feb.. 1904, 1% p. c quarterly. On common, 1900, 6 p. c; 1901, 4 p. c; 1902 (Q.F.), 4 p. c; in 1903, 5 p. c,
lnoluding 1 p. c extra (paid Q.F.); In 1904, Feb., 1 p c
Report.— Report for year ending Deo. 31, 1903, with bal. sheet, was
in V. 78, p. 765, showing net earnings, $2,768,898; depreciation,
$260,000; dlv. on pref. (7 p. c), $875,000; div. on common (5 p. c),
$625,000; balance, sur., $1,008,898. In 1902, net earns., $4,578,114.
Dividends, 6 p.
&
—
INDUSTRIAL STOCKS AND BONDS.
Apr., 1904.]
MISCELLANEOUS.
For explanation
;
;
Date
Size, or
INTERE8T OR DIVIDENDS.
per When Where Payable, and
Amount
of
Par Outstanding Rate
column headings, &c, see notes on
Cent.
Bonds! Value.
first page of tables.
of
$100 $30,135,000
100 30,716,200 See
Pittsburg Goal— Common stock, $32,000,000
Preferred stock, 7 per cent, cumulative. $32,000,000.
Coll. trust mort.. g., payable $1,100,000 y'rly for 2 yrs.
Notes for Mod. Riv. com. stock, $1,500,000 y'rly.UPl
P.C.of Pa.lst & coll. tr. M., g.,gu, red. 110 Jan., s.f UP!
Pressed Steel Oar Co.-Stock, common, $12,500,000......
Pref. stock (as to assets), 7 p.o.,non-cum., $12,500,000
text.
5 g.
4.300,000
1902 25,0u0
None
1903
4,500,000
1904 l.OOO&o 25,000,000
8100 12,500,000 See text.
7
100 12,500,000
4
235,000
MoKee's Rocks purchase money mortgage
5 g.
3,500,000
1,000
1st M., gold notes, red., due $500,000 y'rly, Feb.Mo.o* 1901
100
5,250,000 See text.
Procter dk Gamble.— Common stook, $6,000,000
8 in 1903
100
2,250,000
Pref. stock (8 p.o., oum.). See terms in ed. May,'93,Sup.
100 74,000,000 8 in 1903
Pullman Company— Stock, $74,000,000
100 13,500,000 See text.
Railway Steel Spring Co.- Common, $13,500,000
100 13,500,000 7 in 1903
Preferred, 7 per cent, cum., $13,500,000
100 27,191,000
Republic Iron <£ Steel— Common stook, $30,000,000
100 20,416,900 7 in 1903
Preferred, 7 per cent, cumulative, $25,000,000
6
100 10,000,000
Royal Bak'g Powder— Pref. stock, $10,000,000, 6*, oum.
100 16.941,700 See text.
Ruober Goods Manufacturing—Com. stock, $25,000,000.
100
8.05L400 7 in 1903
Pref. stock, 7 p. o. cum., $25,000,000 (bonds, see text).
4,921,000 See text.
100
Safely Oar Heating <& Lighting -Stock ($5,000,000) ....
30,000,000 7 in 1901
Binqer (Seioing Machine) Manufac'g—Stock, $30,000,000
l»
.
Sloss- Sheffield Steel
<&
Iron— Common
"ioo
stock. $10,000,000.
Preferred stock, 7 per cent, non-oum., $10,000,000
Sloss Iron & Steel Co. 1 st mortgage, gold N
General mortgage, gold, subject to call at par.N ...
Standard Milling— Stock (preferred, 5% non-oum.)
o*
First mortgage, gold, $6,250.000
.
Mp
100
1887
1899
1900
1,000
President, F. N. Hoffstot. N. Y. Office, 24 Broad St. New directors,
Jan., 1903, V. 74, p. 215; V. 76, p. 269.— (V. 78, p. 346, 765, 1114.)
Procter 6c Gamble Co.— Formed In 189o under laws of New
Jersey to oarry on soap, candle, oils and glycerine business. In
1900-1 stock was increased and bonds paidoflT V.71, p. 713. 817. 915.
Voted May 28, 1902, to inorease the common stock from $4,500,000 to
$6,000,000; of the new stock $750,000 was subscribed for in 1902 and
the remaining $750,000 Jn Feb., 1904. V. 74, p. 991, 1200; V. 77, p.
2038. In 1903 was building a new plant In Kansas City to cost about
$1,000,000. V. 76. p. 1196.
Dividends- > 1891. 1892 to 1897 lncl. '98to '00. 1901 to May, '04.
12 per cent.
20 y'rly. "12 yearly (Q. F.)
On common... s 8
paid Jan. 2, 1904. V. 77, p. 2038.
*Also extra dividend of 142, p.
On pf in full to Apr., '04, inol. Office, Cincinnati. (V. 77, p. 2038.)
(The) Pullman Co.— On Jan. 1, 1900, the Wagner Palaoe Car Co.
sold its assets to The Pullman Company, representatives of the Vanderbilts entering the board of directors of the latter company, the
stook being increased from $54,000,000 to $74,000,000, to retire the
Wagner Company's $20,000,000 stock. See V. 69, p. 854; V. 70, p. 40.
Real estate not used in manufacturing business must he sold by
1909. V. 78. p. 771.
.
Cash Dividends. -) 1877-80. '81-83. '84-98. '99. 1900-03. 1904.
8ince 1877— P. ot. { 8 yrty. 9*fl y'ly. 8 yrly. 6*« 8 yrly. In.May,4
In 1898 paia an extra cash dividend of 20 per cent and stock dividend of 50 p. o. to distribute surplus assets. V. 67, p. 75, 789, 840, 902.
Report.— Report for 1902-03 was in V. 77, p. 1293.
1901.
1903.
1902.
Years ending July 31.
Earns, from oars, mfg. profits, &o.$23,120,713 $20,597,903 $17,996,782
Operating expenses
Depreciation on oars, etc
Paid other sleeping car ass'ns
Dividends on capital stook
$10,389,460 $9,317,584 $7,378,199
1,485,602
2,739,314
1,908,903
346,760
574,252
435,742
5,919,968
5,919,924
5,919,886
1735
7,500,000
6,700,000 7 in
2,000,000
2,000,000
6,900,000 See
3,492,000
1903
6
g.
4 lag,
text
5 g.
Whom.
Payable
Q.-J.
Q.-F.
J.
<fe
J.
When Due.
— Last
Stocks
Dividend.
1%
Farmers' Bk. Build-
1
Feb.29,'04,
ing, Pittsburg, Pa.
$
Feb.23,'04,1%
do
,
pal,
by
Checks mailed.
Apr.25,'04,13*
Union Tr. Co., Pittsb'g. Feb., 1905'08
Nov. 3. '0406
Union Tr. Co., Pittsb'g. Jan. 1, 1954
Q.-F.
Q.-F.
F.
Bonds—Princi-
1909
do
&
A. N. Y., Morton Trust Co 1905 to 1911
-F./j Cincinnati, O., Co. Office Feb. 15, '04. 3
Apr.15,'04,2%
do
do
-J.'j
Q.-M. N.Y.,Farm.L.&Tr.Co May 16/04,2%
Apr. 4, '04,
See text
Q.-M
N. Y., Metrop. Trust
General Office, Chicago
Checks mailed.
Checks mailed.
J.15
do
do
Q.-M. 15
Q.
J.
Q.-M.
Q—
By
Q.-.T.
Q-M.
Q.-J.
& A.
A. & O.
See text
M. & N.
F.
1%
Co Mar.21,'04,l\
check.
Oct. 1. '03,
1%
Mar.31,'04,11*
July 15,'01,1%
Mar.l5,'04,lHi
Apr. 1, '04 ,3%
Mar.31,'04,4%
N. Y. Guaranty Tr. Co. Apr. 1,'04, 1\
N. Y., Central Trust Co. Feb. 1, 1920
Off..
do
37 Wall
do
St..
Apr.
1,
1918
N. Y. Apr.11,'04,1%
N. Y.. Metropol. Tr.
Co
Nov.
1,
1930
June, 1899, to Mar., 1904. 7 p. 0. per annum
2 p. c; 1901, 2 p. 0.
Bonds.— The bonded debt of oompsrates controlled consists of:
$841,500 Mechanical Rubber Co. 1st sinking fund gold 6s, duo Jan. 1, 1918;
$435,045 N Y. Belting & Packing 1st mort. sink, fund deb. 6s, due Jan. 1, 1918.
Dividends.— On
(W% Q.-M.)
pref.,
On common, 1900,
subject to call at 110.
Report— Report for year ending Mar. 31,1904, InV. 78, p. 1445,
showed: Net income, $695,080; pref. div'ds (7 p. c.) $563,598; baL,
sur.,
$131,482.
Officers.— President, Charles H. Dale; Vice-Presidents, Talbot J.
Taylor, Ernest Hopkinson and Chas. A. Hunter; Seo and Treas., Harry
Keene. Gen. office, 15 Exchange Place, Jersey City, N. J. Directors,
April, 1904, V. 78, p. 1449.-(V. 77, p. 2283; V.78, p. 1445,1449.)
Safety Car Heating 6c Lighting.— Organization.— Incorporated in 1887 in New Jersey. Manufactures "Pintsoh" light apparatus, which Apr. 1, 1904, was in use on 22,626 cars in the United States.
1904.
1903.
DrviD'DS- > 1893 97. 1898-00. '01. '02.
11 9 12&10stk. lncl. Apr., 7
8 yrly.
Cash (p. c.).. 5 6 yrly.
Report —V ear ending Dec. 3 1 1902, oomblned net earnings of Safety
and Pintsoh cos.were $993,908; divs. on Safety Co. stock (10 per cent),
$491,784; dividends on Pintsoh Co. stock, &c, $98,100; bal., sur.,
$401,024. Pres Robert Andrews. Directors include: Robert Andrews,
R. M. Dixon, Wm. Barbour, A. C. Soper, Wm. A. Read, J, E. French,.
O. O. Gayley, P. B. Wyckoff. E. M. Bulkley and Geo. F. Bakox Jr.
Main Office, 160 Broadway, N. Y.— (V. 77, p. 2283 )
San Francisco Gas 6c Electric Co.— See page 1745.
Singer (Sewing Machine) Mfg. Co.—Organization.— Inoorporatea In 1873 in New Jersey under special act. Plants are located at
Elizabeth, N. J., and Kilbowie.near Glasgow. In Deo., 1902, the Musoonetoong Iron Works at Netoong, N. J., were purchased and a modern furnace and foundry will be erected. V. 75, p. 1308. Stook, $30,000,000, having been increased in Dec, 1900, by 200 per cent stook
dividend, capitalizing surplus. V. 71, p. 1224, 1273. Cash dividends,
as reported, were: In 1898, 30 p. o.; In 1899, 100 p. c; in 1900, 20
p. 0. Dividends on stock as increased 1901 to June, 1902, inoL, 7 p. 0.
,
,
$3,497,720 $3,015,750 $2,866,335
Total surplus July 31, 1903, $14,275,749.
Pres.. Robert T. Linooln, Ohio. N. Y.. 15 Broad St.— (V. 78, p. 771.)
Quicksilver Mining.—See Sdpp. of Oct.. 1897; V. 72, p. 1241. yearly (paid Q.-M.); Sept , 1902, to Deo, 1903, both inol., 3 p. 0. quarterly; Mar., 1904, 4 p. c. Office, 149 B'way, N. Y.-(V. 75, p. 1308.)
Qulncy Mining.—V.76, p. 592; V. 78, p. 705, 819.
on Feb.
Hallway Steel spring Co.— Incorporated In New Jersey
Sloss-Sheffield Steel 6c Iron Co.—Organization.— Incorporated In New Jersey and in Nov., 1899, acquired several prop25, 1902, as a consolidation. V. 74, p. 382, 482. Official statement,
V. 74, p. 984. In June, 1902, purchased the Steel-Tired Wheel Co., erties or stock representing the same. See prospectus, V. 69, p. 286;
Issuing $3,500,000 each of common and preferred stook therefor.
V. 70, p. 1099; V. 71, p. 185, 54S\ V. 72, p 779; V. 76, p. 659 Stook, $2,V. 66, p. 185; V. 72, p. 444; V. 74, p. 1041, 1200; V. 75, p. 80. Total 500,000 common and $3,300,000 pref. was reserved for a steel plant
capacity of all plants acquired, 135,750 tons annually.
and future requirements. See listing, V. 70, p. 1200, showing properDividends on pref., 1^ p. o. quarterly, paid June, 1902, to Mar., ties, rights of preferred shares, etc.; also V. 72, p. 774; V. 78, p. 1177.
Dividends on preferred, April, 1900, to Apr., 1904, 7 p. c. yearly
1904, both lncl. First dlv. on common, 2 p. c, paid Apr. 4, 1904.
V. 1 8, p. 992. No bonds. Aggregate net earnings in 1901 of prop(Q.-J.) Earnings for 3 mos., ending Feb. 28, 1904 (partly estimated),
net, $202,429, agst. $632,612; interest and taxes, $60,000; aiv. on pref.,
erties consolidated, $1,762,081; In 1900, $1,556,967. Balance sheet
Deo. 31, 1903, V. 7H, p. 986. President, J. E. French; See., M. B. Par- $114,000; bal., sur., $28,429. Report for year ending Nov. 30. 1903,
given at length in V. 78, p. 1165, 1177, showed net above depeciation,
ker; Treas., James C. Btaoh. Directors. V. 74, p. 1200; V. 75, p. 1208.
etc., $1,795,641; bond interest, $210,000; dlv. on pref., 7 p. o., $469.—(V. 75, p. 1208; V. 76, p. 651, 1033; V. 78, p. 986, 992.)
$2,315,762.
Republic Iron 6c Steel Co.— Organization.— Incorporated in 000; sur., $1,116,641. Total sur. Jan. 1. 1904, Birmingham, President,
Ala. New
New Jersey on May 3, 1899. to consolidate 29 plants making bar and J. C. Maben; Sec. and Treasurer, E. L. Morris.1171.-(V.
78, p. 1 1 65.)
forge iron, being practically all the plants in theCentral and Southern directors, Mar., 1904, V. 76, p. 658; V. 78, p.
Somerset Coal Co.— Organization.— Incorporated in PennsylStates west and south of Pittsburg. V. 68, p. 872. Also owns 7 blast
furnaces, mining properties in the Mesaba range, in the Lake Supe- vania about Jan 1, 1902, and acquired various properties on B.&O.RR.
Coal mined in 1903, 1.177,982 tons. Stook,
rior region, extensive iron and coal lands including those belonging
in Somerset Co., Pa.
to Pioneer Mining & Mfg. Co. of Birmingham, Ala., and the coke plant
$4,000,000, all of one class, of which $2,000,500 is owned by Consolidation Coal Co., which see; par of shares $100. V. 78, p. 1272. First
of the Connellsville Coke Co. (See V. 71, p. 545.) For properties merged
see V. 68, p. 674; V. 68, p. 1227; V. 69, p. 339. 850, 1151 statement, dividend, 2 p. c, paid Feb. 1, 1904, out of earnings of calendar year
1903. Bonds, $4,000,000 thirty-year sinking fund gold 5s, ($1,000
V. 70, p. 228; V. 71, p. 454; V. 76, p. 330, 386; V. 77, p. 348, 455.
8tock. —Common, $30,000,000; pref. (as to assets and dividends), 7 each), due Feb. 1, 1932, subject to call at 110, of which $3,000,000
or cent cum., $25,000,000; of which $2,809,000 common and $4,583,- were outstanding. V. 78, p. 1272. Report for year ending Dec. 31,
p. 1272, showed: Gross earnings, $1,951,549; net,
I00 preferred, reserved to purchase additional properties. Annual 19»>3. in V. 78, income, $26,061; Int., deprec'n, sink, funds, etc,
$666,205; other
capacity of finished material over 1,250,000 tons. V. 71, p. 453.
$238,286; dividends (2 p. c), $80,000; bal., sur.. $373,980. President,
Dividends.— On pref.. Oct. l,'99,to Oct., '03,7 p.o. yearly (13tQ.-J.)
C. W. Watson. (V. 76, p. 105; V. 78, p. 291, 1272.)
the Jan., 1904, dividend was deferred. V. 77. p. 2162.
Southern 6c Atlantic Telegraph .—Leased to Western Union
Report.— Results for year ending June 30, 1903 were in V.77. p. 348. (which owns $390,475 of stook) and stook guaranteed by rental 5 p. c.
Net profits, $4,123,500; Improvements, renewals, etc., $1,382,600; div.
Southern NewEng, Teleph.— (V.76, p. 1298; V.78, p. 291,346.),
on pref. (7 per cent!, $1,427,082; baL, sur., $1,313,818.
South Yuba Water Co.— See this 8ection for January, 1904.
Officers.— President, Alexis W. Thompson; Secretary, H. L. Rownd;
Treasurer, John F. Taylor. Main office. Stock Exchange Building,
Spring Valley Water Co.— 8ee page 1745.
Chic. Directors, Sept.. 1902, V. 75, p. 613, 984 ; (V.78, p. 771.)
Standard Milling Co.— See page 1745.
Rhode Island-Perkins Horse-Shoe Co.— See page 1745.
Standard OH.— Organization.—This New Jersey corporation sucRoyal Raking Powder Co.—Organization.— Incorporated In ceeded in June, 1899, to the Standard Oil properties, held by liquidatSee Supplement for April, 1899, and V. 68,
trustees.
Feb., 1899, under the laws of New Jersey, and merged Cleveland Bak- ing
Controls petroleum oil refineries in all the prining Powder Co., Royal Baking Powder Co., New York Tartar Co.,
p. 1227 V. 69, p. 28.
Tartar Chemical Co. and Price Bakinp Powder Co. See V. 71, p. J4S- cipal Northern cities of the United States, and produces about 65 per
Common stock, $10,000,000, all outstanding; par, $100; preferred, see oent of the country's total output of relined oil also controls oil wells
table above.
In Penn., Ohio and W. Va., and has pipe lines for transmitting its oil toDividends.— On pref., to Mar., 1904, lncl., 6p. 0. per an.— 1*3 quar. tidewater. V. 66, p. 1239; V. 69, p. 745; V.71, p. 1273; V. 76, p. 387, 870;
Dividends at the rate of 8 per cent yearly, ft Is understood, have V. 77, p. 1536.
been paid on the common stock.
Stock.— Common, $100,000,000; $10,000,000 preferred canceled.
Pres., Chas. O. Gates; Vice-P., A. H. Porter Jr.; Treas., John Morris;
Drvs.— ) 1891-95. 1896. 1897. '98. '99. 1900. '01. '02. '03. 1904.
Sec. W. L. Garey. Office, 100 William St.. New York.— (V. 72, p. 679.)
31
33 30 33 48
48
Per cent. 5 12 a yr.
45 44Mar.,16%
Rubber Goods Manufacturing Co.—Organization.— IncorIn 1903, Mar 20 p. c; 1903, June, 7 p. ; Sept., 5 p. c; Dec, 12 p.o.;
porated in New Jersey on Jan. 26, 1899, and acquired 99% per cent of 1904, March, 16 p. 0.
the stock of the Mechanical Rubber Co., 75 per oent of the stock of
Officers.—President, J. D. Rockefeller Treasurer, W. H. Tilford
Morgan & Wright, Chicago, DJ.; the entire capital stocks of the PeerSeoretaryi C. M. Pratt. Office, 26 Broadway, N. Y.
less Rubber Mfg. Co. of N. Y. and of the India Rubber Co.of Akron, O.,
Directors.—J. D. Rockefeller, William Rookefeller, H. M. Flagler,
and the entire stocks of Sawyer Belting Co., Hartford Rubber Works
J. D. Arohbold, H. H. Rogers. W. H. Tilford, C. M. Pratt, O. H. Payne,
Co., Indianapolis Rubber Co. and Peoria Rubber & Mfg. Co. V. 68, p.
E. T. Bedford, C. W. Harkness, J. A. Moffett, F. Q. Barstow and Walter
189. See official statement in V. 68, p. 872. V. 68, p. 774; V. 71, p. 345.
Jennlngs.-(V. 76, p. 870; V. 77, p. 1536, 2038, 2287.)
In Feb., 1900, acquired capital stook of Am. Dunlop Tire Co.
Wet surplus for year
|
;
;
;
;
3
;
1
INDUSTRIAL STOCKS AND BONDS
736
MISCELLANEOUS
Date
of
For explanation of column headings, Ac, see notes on
Bonds
first page of tables.
Amount
Par Outstanding RatPl _-_ When Where payable and by
K
er
p« n F Payable
Whom.
Value.
—
,
Standard Rope 6c Twine Co.—See page 1745.
Swift 6c Co.— Organization.— Incorporated in
Bonas— Pr in oi-
INTEREST OR DIVIDENDS.
Size, or
Standard Milling Oo.feon. )— Underlying M's. undisturbed
$100
Standard. 00— Stook, $100,000,000
1,000
Stand. Hope dt Twine— 1st M., g., s. f ., to call at 105.]TIa .C 1896
1,000
OonsoL M.,non-cum., Incomes, g., to call at par...Ce.o* 1896
100
Swift <t Co.— Stock, $35,000,000
1900 500 &C
1st M., $5,000,000, gold, call after July, 1910.. AC...
100
Temple Iran— 8tock, $5,000,000, guar. See text
1,000
Mort.&coU.tr.bonds,$15,000,000,g.,gu.,8.f.,text.G.o* 1899
100
Tenn. Coal I. <£RR. Co.—Stock ($248,300 Is 8%oum.pref.)
1,000
Blrm'gh'm, Ala., Dtv.,con.M..g., s. f. 1%, not d'rn.Ce.e* 1887
1,000
Tennessee Div. bds, g., s.f. l^ % yearly, not dr'n Ce. .o" 1887
De Bard. M., g., ass., s. f., $30,000 y'ly, not dr'n.P..c* 1890 500 &o.
1,000
Tenn. Coal Iron & RR. gen.M.,g.,$15,O0O,000.Un...O* 1901
Ala. Steel & Shipbuilding, pref. 6 p. c. cum., guar
i",6bo
IstM., g.,gu.,s.f., reg., red. 110 begin. Jan., '07.Ma 1898
1,000
Cahaba 1st M., $1,100,000 g., gu., s. f., red. at llO.Ce.o' 1892
100
Union Bag <t Paper— Stock, common, $16,000,000
100
Pref. stook (as to as. and dlv.),7 p. c, oum., $11,000,000.
100
Union Ferry—Stock
1890 100 Ac.
IstM., gold, red. at 110 after Nov. 1.1895
Union Sleet— 1st & coll.M., $45,000,000, g., gu., 8. f.N.0*<fer 1902 l.OOO&o
100
Union Typewrite) Common stock
100
1st 7 per cent preferred stook, cumulative
100
2d preferred stock, 8 per cent, cumulative
United Box Board <£ Paper— Fret stock, 7 per cent cum
1903
1,000
lstmort., $3,500,000, g., part due yearly, red.IWo.c*
100
United Poppet Stock, is 6% cum pref
—
[Vol. lxxviii.
April 1,
1885. Has packing plants at Union Stock Yards, Chicago; at South
Omaha, Kansas City, East St. Louis, South St. Joseph. South 8t. Paul
and Fort Worth. The National Packing Co., with $15,000,000 authorized stook, was incorporated in N. J. in Apr., 1903, to take over comJanies acquired by Swift and others. V. 76, p. 709, 755, 1358. In
anuary, 1904, about four-fifths of the stook of Squire (John P. & Co.)
was acquired by or in the interest of the company V. 78, p. 291.
Stock and Bonds.— The stockholders voted Jan. 7, 1904, to increase
the stock from $25,000,000 to $35,000,000 to purchase the wholesale
Illinois
.
distributing markets in New England States, New York and Great
Britain, and refrigerator and other cars used In the business, and for
working capital. The now stock was subscribed for by stockholders at
£ar; V. 77, p. 2287; V. 78. p 233. Dividends since 1888: '89 to '94,
icL, 8 p. c; '95 to July ,'98, Inol., 6 p. c; Oct., '98, to Apr., 1904, 7 p.
Bonds, see table above.
o.
Report.— Report forvear ending Deo. 31, 1903, with bal. sheet, was
In V. 78, p. 226. In 1902 sales were over $200,000,000, against $200.000,000 in 1901 and $170,000,000 in 1900. Net earnings in 1903
above depreciation, repairs, etc., about $3,000,000. Chairman, E. C.
Swift; Pres., Louis F. Swift; Vice-Pres., Edward F. Swift; Treas., L. A.
Carton; Sec, D. E. Hartwell; Asst. Treas., ij. A. Vant. Directors, Jan.,
1904, V. 78. p. 233; V. 78, p. 50, 2*6, 233, 291, 1279.
Syracuse Lighting Co.—V. 77, p. 248, 302, 399; 1299.
Tamarack mining Co.—V. 76, p. 971; V. 78, p. 50, 233, 1 391.
Temple Iron Co.— Organization.—Incorporated 1873 in Pennsylvania, and in Maroh, 1899, purchased anthaoite coal properties of
Simpson & Watkins around Scranton, Pa.— V. 69, p. 231. Controlled
in the Interest of anthracite coal roads, Del. Lack. & West., Cent. RR.
of N. J., Reading Co Lehigh Valley, Erie and N. Y. Susq. & West.,
whloh guarantee both stock and bonds. See V. 71, p. 1124, 1170.
Stock and Bonds.— Stook authorized, $5,000,000, guaranteed 6 per
cent, subject to call at par and accrued Interest on Jan. 1, 1904, on 6
months notice, but absolutely payable by the RR. co's Dec. 31, 1906
present issue $2,500,000; par of shares, $100. Held in voting trust
by Guaranty Trust Co., which issues its certificates of beneficial interest against same. Bonds are secured by stooks of properties owned
and are subject to call by sinking fund of 15 cents per ton on coal
mined at 110 and interest; they are guaranteed, but severally in different proportions, by the railways above named. Of the bonds the
$11,000,000 remaining unissued are reserved for additional pro perties. V. 71, p 1124, 1170; V. 75, p. 926.
Officers.— President, Geo. F. Baer, Philadelphia, Pa.; Vloe-Pres't
and Treasurer, A. F. Law, Scranton, Pa.; Secretary, Geo. L. Houser.
Directors, V. 74, p. 732.— (V. 74, p. 634, 732; V. 75, p. 926, 1403.)
,
Tennessee Coal Iron 6c Railroad Company.— Organization.
—Owns blast furnaces, coal
mines, iron mines, foundries, &o., in Tennessee and Alabama.— V. 55, p. 60, 463. V. 63, p. 31; V. 69, p. 82; V.
68. p. 1227; V. 70. p. 588; V. 75, p. 621.
On Nov. 30, 1899, the Alabama Steel & Shipbuilding Co. plant was
opened at Ensley City.
The plant has ten open-hearth furnaces
of 50 tons each and a oapacity of 1,000 tons of steel billets and slabs
daily, and Is leased to the Tenn. Coal Iron & RR. Co., whloh
guarantees Its $1,1 00.000 6 per oent bonds, and $440,000 6 percent
preferred stook. V. 70, p. 591. The common stook, all owned by the
Tenn. C. I. & RR. Co., carries control of stook. V. 66, p. 1002, 1235;
V. 67, p. 127, 801; V. 70, p. 1196; V. 72, p. 584.
Dividends.— On common in 1887, 1 per cent; In 1900, 6 p. o.; none
since to Jan., 1903. Preferred paid In full to May, 1904; see below.
Stock.—The authorized common stook was increased In 1900 from
$20,000,000 to $23,000,000. V. 70, p. 382, 483, 589.
Bonds.- Of the $15,000,000 general gold 5s of 1901, $3,000,000
were sold to complete the steel mill at Ensley, having an annual oapacity of 100.000 tons of rails and 200,000 tons of steel and other
forms; $10,653,500 reserved for existing bonds bearing 6 and 7 per
oent interest, and the balance for improvements. The making of rails
was begun in January. 1902. V. 72, p. 876, 940, 989; V. 73, p.86, 554,
'
'
1117; V. 77, p. 93, 2162.
Report.— Report for 1903 in V. 78, p. 1166. In 1901 output was:
Coal, 4,085,086 tons; ooke, 1,179,855 tons; Iron ore, 1.415,723 tons.
Tear end. Dec. 31—
1903.
1902.
1901.
1900.
Tot. net profits. ...$2,904,977
$2,602,778
$1,725,638
$2,347,027
Int. on bonds, &o.
739,521
750,283
862.189
705.282
Depreciation, &o.
411,422
419,537
359.234
(I)
Dividends
19,864
23,174
19,864
1,497,876
*
,
$2,213,000
97,500,000
2,740,000
6,805,330
35,000,000
5,000,000
2,500,000
2,826,000
22,801,960
4,050,000
1,182,000
2.729,500
3,000,000
440,000
1,100,000
892,000
16,000,000
11,000,000
3,000,000
2,200,000
36,817.000
10,000,000
4,000,000
4,015,000
14,771,459
6
5
'03
7 In 1903
5 g-
6
4
6
6
6
5
6
6
6
g.
gggg.
&
Aug.
New York and
A 1922
1,
1946
Chicago. Apr. 4, '04, 1%
J. & J. N. Y. N.Bk.of Rep. & Ch, July 1, 1914
J. & J. N. Y. Guaranty Tr. Co. Jan. 1,*04, 3%
Jan. 1, 1925
J. & J. N. Y., Guar. Trust Co.
Q.-F. N. Y., Hanover Bank,
See text.
do
do
Jan. 1, 1917
J. & J.
do
do
Jan. 1, 1917
A. & O.
do
do
Feb. 1, 1910
F. & A.
do
do
July 1, 1951
J. & J.
J. & J. N, Y., Hanover Bank, Jan. 1,'04, 3%
Q.-J.
,
J.
J.
g.
g-
1911
N. Y., 26 Broadway. Mar.15,'04.16
A. N.Y., Manhattan Trust. Aug. 1, 1946
Q.-M.
F.
g.
Dividend.
New York.
Semi-an
6
44 in
pal.When Due.
Stocks— Last
&
&
ao
do
J.
D.
do
do
July
Deo.
1,
1,
1930
1922
N. Y., First Nat'l Bank. Aprl5,'04,l%
Apr. 1,'04, ifl%
Co. office, Brooklyn.
N. N. Y.,Corn Exoh. Bank Nov. 1, 1920
7
Q.-J.
2 in 1903
5 g.
Q.—J.
1903
M.&
&
A. &
A. &
A. &
1,650.000,
5 g.
5.000,000 6 in 1903
&
&
5g.
J.
6 in 19o3
7 in 1903
8 In
D. N.Y..N.Y.S60. &Tr. Co Dec. 1, 1952
O. Check from Co.'s office Apr. 1, '04, 3%
do
Apr. l,'04,3i«
do
O.
do
do
Apr. 1, '04,4%
O.
Morton Trust Co.
N. Y., 31 Nassau St.
Jan., 1905-13
J. N. Y.,
N.
May 2/04,3%
are subject to call for a non-cumulative sinking fund of $25,000 yearly,
beginning Jan., 1903, payable out of Det profits, if any. over Interest on
certificates and dividends on preferred; to Jan., 1904, $52,833 were
purchased and canceled. Int on oerts. paid to Jan., 1904, inclusive.
V. 75, p. 81, 1208, 1258 —(V. 76, p. 483.)
Trow Direct. Print. 6c B'kblnd.—V. 69, p. 1060; V. 71. P. 962.
Union Bag 6c Paper Co.—See page 1745.
Union Depot Co; of Columbus, O.—The P.
C. C.
& St. L. owns
a half interest in this property.— (V. 63, p. 117; V. 64, p. 804.)
Union Perry.— Operates five ferry lines between New York and
Brooklyn. Capital stock is $3,000,000 par $100. The mortgage covers
19 ferryboats, real estate, etc. Dividends: In 1894,4 p.o.; 1895,4; In
1896, 4; in 1897, 4; in 1898. 3^; in 1899, 3; 1900, to Apr.. 1904, 2 p. 0.
(i* p. c. Q.— J.)
As to proposed new ten-year lease, see V. 72, p. 940,
1038, 1140; V. 73, p. 86. 187; V. 77, p. 455. Pres., J D. FatrchilcL— (V.
73, p. 1064; V. 77, p 455.)
Union Steel Co.—The United States Steel Corporation, which took
possession as of Jan. 1, 1903, owns the entire $20,000,000 stook, and In
consideration therefor, and the furnishing of $10,000,000 cash for improvements, extensions, etc., guarantees $45,000,000 of new 5 p. 0.
bonds, of which about $5,000,000 will remain available for future requirements. See V. 76, p. 1359; V 75, p. 1150; V. 74, p. 100.
Properties Owned.—The plants, located at Donora, Pa, near Pittaburg, on the Monongahela River and Sharon, Pa., completed July,
1903 (see V. 76, p. 546), to Include:
Plants at Donora and Sharon, Pa., with daily capacity as follows: 5 blast
furnaces, 2,500 tons; 2* open-hearth furnaces, 2,400 tons; 6 blooming, slabbing
and sheet bar mills, 8,200 tons; 4 rod mills, 800 tons: 2 wire and nail mills, 7,000
kegs 1 skelp works, ~00 tons; 1 tube works, 300 tons; 1 plate mill, 400 tons; 1
tin-plate plant, 3,6'>o boxes; 1 sheet plant, 100 tons; 1 by-product coke plant
;
(212 ovens), 1,000 tons.
Coking coal property in lower Connellsville district, 4,740 acres of coal and
810 acres of surface.
Steam coal property on the Mononeabela River. 1,624 acres of coal and 179
acres of surface. Two modern steel -ore steamers.
The 8haron and Penobscot mines
(in fee) and Donora and Sweeny mines
on the Mesaba range, estimated to coatatn 40,000,000 tons of iron ore.
Bonds.—The first and collateral 5s of 1902 ($45,000,000 authorized
Issue) are guaranteed, principal and interest, by the United States
Steel Corporation, and are secured by all the property of the oompany,
including the Sharon Steel stook acquired. They are subject to call
after Dec. 1. 1907. at 110 and interest. Of the bonds $37.626,000 have
been issued, of which $809,000 were held In the sinking fund
on January 1, 1904, $3,500,000 are to be used to retire underlying bonds and $3,874,000 are reserved for future purposes An
annual sinking fund payment of 2 per cent of the amount of bonds
outstanding may be used to purohase bonds at not exceeding 110 and
interest, or after Deo. 1, 1907, to call bonds at the same price. All
bonds purchased or redeemed are to bear interest for sinking fund
Purposes, thus retiring the entire Issue in about 27 years. V. 75, p.
150; V. 76, p. 107, 546. Guaranty V. 76, p. 709.
The bonds issued prior to the combination were:
Date. Interest. Outstanding.
Maturity.
Sharon Steel 1st M.g. sink. ) 1900 5g.
$1,000,000 Oot 1, 1940
fund
jSubj. to call at par after Oct. 1, 1910.
(leases)
A&O
5g. J&D
Sharon Steel M. (1st on) 1901
tube milt, 2nd on other > Subj. to
property)
)
call at
841,000 June 1,1941
105 to June 1, 1911, there-
after at par.
Sharon Sheet Steel IstM..
..
5g.M&N
500,000 Nov. 1,1921
$1901 5g.J&D
1,250.000 Deo. 2,1931
Sharon Coke 1st M
m
cone
} 8ub eotto oall after 5 year8
j
— (V. 75, p. 1359; V. 76, p. 107, 334. 545, 709;
V. 78, p. 1171, 1227.)
Union switch 6c Signal.—V. 77, p 827; V. 78, p. 819. 1171.
Union Type Writer.— Organized in 1893 in New Jersey. A
combination lnoludlng Wyokoff, Seamans & Benediot (Remington)
Yost Writing Maohine, American Writing Maohine (Caligrayh), Smith
Premier Typewriter and Densmore Typewriter companies.
'93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. 1904
Dividends.
1st preferred.p.o.SJfl
7Apr..3>#
2d preferred, p. o.O
6
6 8
8
8 16 16 8
8 Apr.,4
Com. stook, p.
6
6 Apr.,
Annual meeting Mar,, 1904, V. 78, p. 1171.
Pres., Clarence W. Seamans; Sec, Geo. K. Gilluly. Office, Jersey
City, N. J.-(V. 74, p. 634; V. 76, p. 269, 658; V. 78, p. 1171.)
United Box Board 6c Paper Co.— See page 1745.
77
7777 777
United Copper Co. of Montana.— Organization.— Incorpor-
New Jersey on Apr. 28 and owns about 95 percent of the stook
and all the bonds of the Montana copper properties developed by P.
Augustus Heinze and associates, producing about 42,000,000 pounds
annually, viz.: Montana Ore Purchasing Co., Nipper Consolidated CopSer Co., Minnie Healey Copper Mining Co., Corra Rook Island Copper
lining Co. and Belmont Copper Mining Co. V. 74, p. 942. In calendar year 1902 output was 30,374,696 lbs., against 30,318,328 lbs. in
1901; first half of 1903 was 12.60i.000 lbs. (V. 77, p. 455; V. 76, p. 870.
ated In
Bal. for year.... 8r.$l,734,170sr.$l,409,785
sr.$484,351
sr.$143,869
l>iRECTOR8(May, '03)—Cord Meyer, James T.Wood ward.D. H. Bacon
James H. Smith, William Barbour, A. B.
Boarduian, F. S. Witherbee, Joseph B. Dickson and 8. L. Sohoonmaker,
of New York; Walker Peroy and Charles MoOrery of Birmingham, Ala.,
Chairman of Board and President, Don H. Baoon; Seoret'y and Treas'rL. T. Beeoher. 100 Br'dway, N. Y.— (V. 77, p. 2162; V.78, p. 316, 1 1 66.)
Texas 6c Pac. Coal Co.—See page 1745.
B. F. Tracy, H. R. Sloat,
Texas Pacific Land Trust.—V. 74, p. 1256; V. 76, p. 652.
Tidewater Steel Co.—V. 76, p. 162, 870; V. 78, p. 50.
Trenton Potteries Co.—Stook, $3,000,000, of whloh $1,250,000
Is
8 p.o. non-cum. preferred;
Supplement April, 1897.
Dividends.— On preferred from April, 1900, to April, 1904, both
In-
clusive. 2 per oent quarterly.
In July, 1902, $580,000 4 p. o. lnoome oert. (interest payable J.
J.
10), were issued to fund the 44 p. o. accumulated dividends on pref latter being made 8 p. o. non-ouni., per plan V. 74, p. 1256. The certificates
A
,
Stock authorized, common, $75,000,000; present issue, $45,000,000,
balance being reserved for new properties; pref. 6 p. o. cum.; $5,000,000. Par of shares, $100. V. 75, p. 139. Dlv. on pref.. 3 p. 0., paid
Nov. 1, 1902; in 1903. 6 p. 0.; 1904, May, 3 p. c. No bonds. Decision,
V. 77, p. 513, V. 78, p. 50. Status Dec, 1903, V. 78, p. 50.
Officers.— President, F. Augustus Heinze; Vioe-Presidents, Arthur
P. Heinze and John McGinnis; Treas., Stanley Gifford; Sec, Stanley
Glfford. Directors, V. 74, p. 1146.— (V. 77, p. 455, 513; V.78, p. f>0.)
United Electric Co. ofNew Jersey.—See Street Rt. Sub,
United Prult Co.—Organization.—Incorporated in New Jersey
on Maroh 30, 1899, to control the tropical fruit business.
—
.
;
INDUSTRIAL STOCKS AND BONDS.
Apr., 1904.]
MISCELLANEOUS.
D a te
1737
INTEREST OR DIVIDENDS.
Bonds— Princi-
pal, When Due.
**">*»*
Rate per When Where payable and by Stocks— Last
of
aV
For explanation of column headings, &o. see notes on
Outstanding
Payable
Bonds Value.
Whom.
Cent.
Dividend.
first page of tables.
e or
rp
l
United Electric Oo. of New Jersey—See Public Servloe Co rporat ion In S tkeet Rail
$100 $12,575,500
United Fruit— Stock. $20.000,000
1,000
3,944,000
Deben.,$5,000,OOO.g..OB.oonv.,red.atllOaft.Jan .'03 1901
1,000
1,424,000
No.Ry.of Costa Rioa,lstM.,g.red.l05,B.f.<Sr int. gu.OB.C 1900
50 36,725.000
United Gas Improvement Oo— 8took, $36,725.000
1903
111
1,000
United Lead— Debentures, $12,000,000, g< ld.Itto
25 10,720,350
United Shoe Machinery— Common stock $12,500,000
25
9.936,500
Preferred stock, 6 per cent, cumulative, $12,500,000 ..
100 12,500,000
U. 8. Oast Iron Pipe A Foun Co.— Pref.stk.,7 p.o.,non-oum.
100
2,750,000
U. S. Ootton thick.— Pref. stock, 6 per cent, cum
1,000
o* 1599
7,000,000
Mt. Vornon-Woodberry 1st M., gold. $s,000,000
1899
1.000
6,000,000
Income M., $6,000,000
do
do
100
3,750,000
U. 8. Envelope— Fret, stock, 7 p. c, cum., $4,000,000
1898
1,000
2,000,000
1st Mort., g., red. after 1908 at 104. s. f
1,000
200,000
Deben., gold, $25,000 due yearly, red. at 101, beg. 1907 1902
100 10,000,000
United States Express Stock
100 62,882,300
United States Leather—Common stock, $64,000,000. Ce..
100 62,282,300
Preferred stock, cumulative, 8 p. o., $64,000,000
1,000
5,280,000
Deb. $10,000,000, g., s. f., 4 p. c, sub. to call at 110. Ce.
100
2,000,000
United States Mortgage dt Trust— Stock
1,000
2,000,000
1st mort. trust
j "E" & "F" g., red. after 10 yrs.o'Ar 1897-8
o* '98'02 100
Ac.
8,000,000
bonds.
\ "G" to "N" g., red. after 5 years.
100 33,198,000
U. 8. Realty dt Construction- Com. stock. $36,000,000..
100 27,011,100
Preferred' stock, 6 per cent, cum., $30,000,000
United Slates Reduction <t Refining Oo. — See text.
100 23,666,000
United States R ubber— Common ($25,000,000 authorized)
100 23.525,500
Preferred ($25,000,000 authorized) 8 p. o. non-cum .
—
.
Official statement, V. 69, p. 854. Properties owned, see reports V. 71,
p. 1011, 1020. V. 73, p. 1060, and V. 77, p. 2096. V. 74, p. 1095; V. 75,
p. 621. Northern Ry. of Costa Rica, see V. 71, p. 1067; V. 75, p. 851.
Dividends.— October. 1899, to April, 1901, 10 per cent per annum;
July, 1901, to Apr., 1904, 6 p. o. yearly (Q.-J.), and in Oct, 1902,
and Oct., 1903, 1 p. o. extra.
Bonds.— Debentures are convertible into stock at the option of the
holder, and are subject to call in whole or In part at option of company. V. 73, p. 240, 295. 496; V. 75, p. 803. As to $1,000,000 bonds
of Elder & Fytfes Shipping Co., see V. 77, p. 41.
Report.— Fiscal year now ends Sept 30. Fourth report for year
ending Sept. 30, 1903, with balanoe sheet and remarks, compared with
13 months in preceding year, in V. 77, p. 2096, 2112
Dividend
Balance,
Earnings Other
Miscel.
Net
Surplus
Sub. Oot. Income. Charges,
on Stock.
Fiscal Earnings.
Tear
$
$
$
$
$
$
(7)°77,150
229,595
971,003
1902-3.1,852,544 net 225,204
260,694(8 12) 1,051,408 1,134,410
1901-2.2,215,936 net 230,581
13,790
1900-1.1,304,027 def. 52,051 68,161221,580 (9)1,084,767
Andrew W. Preston, Prest.; Vice Prest., Minor C. Keith; Treas'r,
Charles A. Hubbard; Seo'y, Bradley W. Palmer; Asst. Treas. James F.
Tilden. Directors Oct., 1901, V. 73, p 794. Gen'l offices, 131 State
St.. Boston, Mass.— (V. 77. p. 2039, 2 o96, 2112; V. 78, p. 291.)
(The) United Gas Improvement Co.— Organized 1882 in Pennsylvania; reorganized in 1885. Charter is perpetual and business is
the building, leasing and operating of gas works (see list in 1900, V.70,
interested in certain trolley lines and eleotric-light{>. 1000, 944); also
ng properties.
Owns control of the Connecticut Ry. & Lighting Co., a consolidation
V. 70, p. 944; V. 71.
In 1900; also of United Lighting & Heating Co
p. 609, 1273; V. 72, p. 679; V. 74, p. 430. In Mar., 1902, acquired
the Harrisburg, Pa., Gas Co., and in May, 1903, the street railway, gas
and electric properties In Providence and vloinlty. V. 74, p. 684. 892.
1090. 1140, 1358; V. 76, p. 756, 1253. Savannah Gas guaranteed
bonds. See V. 78, p. 1278.
Stock.—The stockholders voted May 4, 1903, to Inorease the stock
from $28,250,000 to $36,725,000. Stockholders subscribed for the new
stock at par, all paid for Jan, 1, 1904. V. 76, p. 334, 1038.
Dividends— Since 1889.8 p. o. per annum, payable quarterly. In
Jan., 1896, paid extra dividend of 15 p. c. in convertible scrip.
Report for 1902, in V. 76, p. 1029, showed profits of $3,473,643.
Pres., Thomas Dolan; See and Treas., Lewis Ltllie, Broad « Arch
8ts., Phlla. Directors, V. 76, p. 1038— (V. 78, p. 587, 774, 1279.)
United Lead Co.—Organization.— Incorporated in New Jersey
in Jan., 1903, by Interests identified with the American Smelting
Refining Co., as an amalgamation of various lead producing plants
mentioned In V. 77, p. 827; V. 76, p. 216. See V. 78, p 774. Stock
authorized, common, $15,000,000; pref. 6 p.o. cumulative, $10,000,000;
par of shares, $100. Debentures, see table above. The $271,000
Chad wick-Boston Lead 1st gold 5s, int.
& O., due April 1, 1921, are
understood to be the only underlying bonds. V. 72, p. 677. Pres.,
Barton Sewell; Vloe-Pres., E. R. Hoyt; 8eo., J. R. Wettstein; Treas.,
Thomas J. Phillips, Offloe, 71 Broadway, N. Y.— (V. 77, p. 827; V, 78,
p. 774, 1449..)
&
A
United Shoe machinery Co.—See page 1745.
United States Cast Iron Pipe 6c Foundry Co.— Organization.— Incorp. in N.
J. on Mar. 13, 1899, per plan in V. 68. p. 233
V. 69, p. 757; V. 71, p. 1124. Dividend on preferred, Dec, 1899, to
June 1, 1900, inclusive, l%p. o. quarterly (7 per cent per annum);
since to June, 1904, incl., 1 p. o. quarterly. Com. and pref. stocks
authorized, $15,000,000 each; outstanding, $12,500,000 each.
Bonds.— Underlying bonds, American Pipe & Foundry Co., $1,194,
000 6s (int. J. & J.) V. 70, p. 87; V. 74, p. 1359.
Report.— Report for year ending May 31, 1903, with balanoe sheet,
V. 76, p. 1406, showed: Total net Incomeover int. and Improvements,
1,228,724, agst. $711,184 in 1901-02; reserve for working capital.
t546,718; div. on pref. (4 p. c), $500,000; bal., sur., $182,006.
Officers.— Pres., George B. Hayes; let Vioe-Pres., Geo J. Long; 2d
Vioe-Pres., A. F. Callahan; Sec. and Treas., B. F. Haughton. 80 B'way.
Directors. — 8amu»l Thomas, Geo. B. Hayes, Colgate Hoyt, A. C. Overhoit.
B. F. Overholt. C E. Burke, B. C. Fuller, A N.Brady, George J.Long. A. F.
Callahan, P. J. Goodnart, D.Giles, W. T. C. Carpenter and B.R.Thomas.
—(V. 74, p. 1359; V. 75, p. »»; V. 76, p. 1406, 14 2; V. 77, p. 2163.)
United States Coal 6c Oil Co.—See page 1745.
1
United States Cotton Duck Corporation. —See page 1746.
United States Envelope.—See page 1746.
United States Express.—An "association" organized under the
laws of New York State in 1854; not incorporated. Operated Dec,
1900, on about 30,000 miles of railroad in the United States.
Dividends. > '92. '93. '94. '95. '96 to '00. '01. '02. '03.
1904.
8inoe*92,p.o. S
2
4
2
3 yearly. 3*a 4
May, 2.
4
-V. 73, p. 794.
United States Flonr Milling.— See Standard Milling Co.
United States Leather.— Incorp. Feb. 25, 1893, in N. J.— V. 56, p.
757; V. 57, p. 23; V. 61, p. 114; V. 71, p. 557, 817. Output, sole leather.
Stock.—Wording of pref. certificate is in editorial in May 1, '93. 8opp.
Dividends. 1895. '96. '97. '98. '99. '00. '01. '02. '03.
1904.
Preferred, p.o. 6
4%
5
6
6
6 InoLApr.,3
6
Overdue on preferred: May 1, 1893, to Apr., 1904, 397 12 p. o.
Bonds.— Sinking fund 4 p. o. of issue yearly, the debentures to he purchased or drawn at 110. Debentures for $9,653,000 have been certified by the trustee, but on Deo. 31, 1903, only $5,280,<»00 outstanding
and $1,400,000 in the treasury; of the latter about $400,000 retired
by sinking fund and oanoeled Aug. 1, 1902. V. 74, p. 732. See adv. in
Chronicle of May 6, 1893, and application V. 57, p. 23. The plan
Sroposed by the preferred stockholders' committee in 1903 was abanoned; V. 78, p. 50.
14
way Sop PLEMEN
Q—
Boston, Co.'s office.
J. /?
7 In 1903
5 g. M. & S. Boston, Old Col. Tr. Co.
M. at 8.
do
do
Philadelphia, Office.
-J. 15
5 g. 9. & J. N. Y., Morton Trust Co.
8 in 1903 Q.-J. 15 Check from Co.'s offloe.
6
do
do
Q.-J. 15
4 In 1903 Q.-M. N. Y., Thonas <fc Post.
See text. See text
5 g. M. & a. Cont'l Trust Co., Bait.
2i2ln'02 J. & J. 2ia p. o. pd. Aug. 15,'02
5 In 1903 M.
S. Boston, Old Col. Tr. Co.
S*
&
6 g. J.
5 g. F.
4 In 1903 M.
<fe
&
&
do
do
J.
A.
N. N. Y., Office,
do
do
49 B'way.
Aprl5,*04,li«
Sept. 1, 1911
Sept. 1, 1915
Apr.15,'04,2%
July 1, 1943
Apr. 15/04, 2%
Apr.15,'04, li«
June I. "04, 1%
Mar.25,'04,3%
Sept. 1, 1949
Jan. 1, 1950
Mar. 1, '04, 2ifl
Aug. 1, 1918
Feb., 1905-12
May 16,'04,2%
None patd.
6 in 1903 Q.-J. Office, 26 Ferry 8t, N.Y. Apr. 1, 04, l*«
6 g. M. & N. N. Y., Park Bk.; Boston. May 1, 1913
16 In '04 J. & J. N.Y. .Office, 55 Cedar St. Dec.31/03, 8%
do
1917-1918
do
4 g- Various
1918-1922
do
do
4g- Various
See text.
2 In 1900
See text.
July
Q.-J.
Office, 9
Murray 8t.N. Y.
do
Q.-J.
do
1,
'03,11a
Apr.30,'00, 1%
J'nel5.'04,lifl
Annual Report.— Fiscal year ends
Dec. 31. Report for 1903 was
balance sheet, showing profit and loss surplus
of $17,534,385 on Deo. 31, 1903. In 1902 the surplus was $5,460,880,
the Increase being principally due to re-appraisement of sub comThe avai able surplus (see above) is
panies' timber and bark lands
represented largely by the $10,000,000 first mortgage 5 p. o. 15-year
sinking fund gold bonds and stock of the Central Pennsylvania Lumber Co (authorized amount $20,000,000). V 76, p. 1196; V. 78, p 50
Officers— President, E. C. Hoyt, New York City, N. Y.; Seo'y. Josiah
T. Tubby, Brooklyn, N. Y.; Treasurer, James R. Plum. N. Y. City;
N. Y. Office. 26 Ferrv Street— (V. 77, p. 2039.2163; V. 78, p 50, 817.)
United States Mortgage 6c Trust Co.—Seepage 1746.
In V. 78, p. 817, with
United States Realty
6c
Construction Co.— Organization.—
Incorporated in New Jersey on Aug. 4, 1002, and cook over per plan.
V. 75, p. 247, 294, 3m8, 736, all real estate, contracts and other property
of George A. Fuller Co. (see V. 74, p. 1087); and the New York
Realty Corporation (see V. 73, p. 1359); also the real estate Interests
of the Central Realty Bond
Trust Co. Statement to N. Y. Stock
Exc, V. 75. p. 1200. See V. 77, p. 297, 953, 2103. 2396; V. 78, p. 51.
In April, 1904, a readjustment plan was under advisement.
Dividends.— On pref., Jan., 1903, to July, 1903, incl., 1*q p. c. quar.
The Oct., 1903, dividend was passed, and future profits from construction will be determined only on work completed. V. 77, p. 717.
Report.— Statement for 9 months ending June 30, 1903, with balance sheet, was in V. 77, p. 297, showing: Total profits, including
share of estimated profits, $1,702,134; net over charges, $930,061;
profit from estimated increase In value of investments held, $487,625;
divMend on pref. stock (4^ p. a), $1,215,499; div. on outstanding
stock of subsidiary cos., $3,390; bal., sur., $198,797.
Directors.— H.;s. Black, Charles M. Schwab, P. A. Valentine, Henry Budget
Henry L Higglnson, S. P. McConnell, John W. Gates, James Stillman, H. B.
Huntington, Albert Flake, Robert E. Dowling, Frank H. Ray. Edw n Hawley,
Kenneth K. MacLaren, B. M. Fellows. R. G. Btbbage Faulkner Hill, Morris B.
Mead. Officers.— H. S. Black, President; R, B. Dowling, Vice Pres.; Albert
Flake, Vice- Pres.; B. M. Fellows, Treas.; R. G. Rabbage, Sec'y and Counsel.
&
(V. 77, p. 717, 963, 8039,
15103,
*163, 2343. 2396;
V.
78, p. 61, 107, 233, 687,828, 13x9.
United States Reduction 6c Refining Co.—See page 1746.
United States Rubber.—Organization and Property.— Or-
ganized under laws of New Jersey in April, 1892, for the manufacture of rubber boots and shoes, etc. Application to N. Y. Stock Exoh.
in 1892, V. 55, p. 1039; see V. 56, p. 539; V. 71, p. 545. In 1893 aoquired five additional oonoerns. In Sept., 1898, purchased the
stock of the Boston Shoe Co. see V. 67, p. 905. V. 67, p. 691. 738,
802, 905. Owns three-fourths of rubber boot and shoe output of U. S.
V. 74, p. 733. Co.'s outside "trust" June, 1900, see V. 68, p. 574, 675,
725; V. 71, p. 37, 1317; V. 72, p. 92; V.73, p. 1318; V. 74. p. 100.
stock.— Pref. stock has preference as to assets and earnings;
bonded debt can be oreated only with consent of three-fourths of each
olass of stock. See editorial May, 1893, Supplement.
Drvs., p. ot.
'94. '95. '96. '97. '98. '99. '00. 1901. 1902-03. 1904.
Common
2^
2
2
2 None None June, l»a
\
^-8 yearly-' 6
_Preferred
8 8
8 Jan., 1 None
\
Div. on pref., l*s p. 0., payable June, 1904, from earnings of fiscal
year 1903 4.
Funding Notes.— The funding notes of 1902 are secured by deposit
of notes of the subsidiary companies aggregating $12,000,000, and
were issued to discharge the entire floating debt, including that of the
subsidiary companies. Under the trust instrument the net quick assets of all the companies, excluding real and fixed properties, shall
never be less than $15,000,000; in addition the value of the 16 plants,
all unencumbered, was estimated at $12,500,000. Of the notes, $2,000,000 have been retired, reducing amount outstanding to $10,000,000.
V. 74, p. 684, 733.
Report.— Bu«lness Apr., 1904, V. 78, p. 1171, 1227, 1449. Report
for year ending Mar. 31, 1903, In V. 76, p. 1141.
All Oomp's. Gross
Operating Other
All
Bad
Balance,
Fiscal
sales.
income,
profits
interest, debts, etc. surplus,
hear—
$
$
$
$
$
$
1902-3.... 51,888.757 2,531,681 242,717 *1,179,490 252,460 1,342,448
1901-2. ...45,917,537 474,469 708,126 1,063.099
119,495
* Includes interest on loans, $785,143; int. on B. R. Shoe debentures,
$240,000; int. allowed customers, $154,346.
Total surplus Mar. 31, 1903, $1,384,460.
Company Proper.
1901-02.
1899-f 0.
190001.
1898 99.
Gross income
$58,380
$265,622
$3,233,773
$3,416,381
Rent, exp'ses, etc.
476,489
203,016
225,886
189,867
Balance
def. $418,109
$62,606
$3,226,514
$3,007,887
Directors.— Samuel P. Colt, H. B. Converse. James B. Ford, •>. Howard
Ford, J. D. Vermeule, Henry L. Hotcbkiss, Lester .eland. Fred'k M. Sbepard,
B. S. Converse, Costello C. Converse, Walter S. Ballon, Francis Lynda
Stetson, Francis L. Hlne, Ephratm L. Corning, E. C. Benedict; President,
Samuel P. Colt; Viee-Pres.. Costello C. Converse; 2d Vlce-Pres., Lester Leland,
Sec. Samuel Norris; Treas., James B. Ford. N. Y. Office, 42 Broadway.
— (V, 76. p. 21tt. 889,
1141; V.
78.
p.
687, 993, 1171, laa7, 1449, ibol.)
United States Shipbuilding Co.—Organization.— Incorpor-
New Jersey on June 17. 1302, and acquired entire oapital
stocks of the following shipbuilding oonoerns, free from all liens:
Union Iron Works, San Francisco; Hyde Windlass Co. of Bath, Me.; Bath
Iron Works. Bath, Me.; Crescent Shipyard and the Samuel L. Moore & Sons
Co., Elizabethport, N. J.; Eastern Shipbuilding Co., New London, Conn.; Harlan & Holllngsworth Co., Wilmington, Del.; Canda Mfg. Co., Carteret, N. J.
The Bethlehem Steel Co. was also purohased; V. 74, p. 1313; V. 75,
p. 347; V. 77, p. 1227. See that Co., 8up., Oot.. 1902, and V. 78, p. 227.
On July 1, 1903, James Smith Jr. was appointed receiver. In April,
1904, the leading interests had come to terms and suits were in
progress to foreclose the first and collateral trust mortgages preparatated in
2
)
1
INDUSTRIAL STOCKS AND BONDS.
738
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
Rubber— {Con.)— Coll.
Date
<feo,
8.
Par
Amount
Bonds Value.
Boston Rubber Shoe Co., gold, bonds
V. 8. Shipbuilding do.— 1st M., g., Ser.A, red 110. Me o*
Collat. and trust M., $10,000,000, g., red. text.N..o*«fer
Beth. Steel purch. mon. M. for Beth. Iron, g CP.c'tr..
^JFttSStf.'SZ
$10,000,000
4,800.000
14,500,000
10,000,000
7,500,000
1,351,000
5
g.
1890
1,000
1893 500 &o.
1891
1,000
1887 l.OOO&c
1896
1,000
,
<fe
lng to reorganization per plan below described. Stock, common,
$25,000,000; preferred, $20,000,000.
Reorganization Plan.— The modified plan, in V. 78, p. 587, Issued In
Feb.. 1904, by the committee (Geo. R. Sheldon, Chairman, City Tr. Co.
of N. Y., depositary), and declared effective, provides for the formation of a new company (to be called the Bethlehem Steel & shipbuilding or some other appropriate name), which will be authorized to issue
$15,000,000 common and $15,000,000 seven p c. non cumulative preferred stock (preferred also as to assets) and $3,000,000 collateral
trust sinking fund 6 p 0. 10-year gold honds. The new bonds are to be
secured by pledge of all the capital stock of the Bethlehem Steel Co.
(subjeot to $8,851,000 mortgages of the Bethlehem Iron and Bethlehem
Steel oompanies) and of the subsidiary shipbuilding companies, with
provisions for a sinking fun-i of $200,000 per annum.
Substantially all the new stock will bo used in exchange for the old
securities. A syndicate headed by Harvey Fisk & Co. has agreed to
purchase all of the now bonds at 87 1* p. c, providing $2,625,000 for
working capital and payment of floating-debt incurred by present comfor materials, supplies, labor and moneys loaned.
The holders
of existing bonds will have the prior right to subsribe pro rata for the
new bonds at the same price on conditons stated in V 78, p. 587.
pany
Terms of Exchange.
Holders of $ 0,000 existing—
Will
And
.
New
pay.
1
.
will receite.
bds. tf.slk. Com.stk.
1st mortgage bonds ($15,000,000) .. Nil.
$4,000
$6,000
Also if subscribing at 871*
$875 00 $1,000
20-year(Beth. col.)bds ($10,000,000) Nij.
9,000
6\000
Also If subscribing at 87>a
1,312 50
1,500
No provision is made for existing capital stock.
In Mar., 1904, over 90 percent of the first mortgage bonds and all
the Bethlehem collateral bonds had been deposited. V. 78, p. 1121.
Fixed ('Marges.— The only fixed charges aside from taxes are stated
to be: Interest on underlying bonds of Bethlehem Iron and Bethlehem Steel companies, $517,550; interest and sinking fund on new
bonds, $380,000; total charges of new company, $897,550.
Report.— Receiver's report was In V. 77, p. 1744, showing status of
constituent companies on July 31, 1903, and earnings for year ending
Aug. 1, 1P03. Earnings of Bethlehem Steel Co., V. 78, p. 227.
Office, 43 Cedar St., N. Y.— (V. 78, p. 587, 705, 829, 993, 1121.)
United States Steel Co. of Everett, Mass.— See Supplement
of April, 1903, and V. 77, p. 41, 2396; V. 78,
p. 286.
United States Steel Corporation.—Organization.— Incorpor-
ated in New Jersey on Feb. 25, 1901, and acquired per plan In V. 72,
p. 441, 679 (see also V. 73, p. 349), practically all the stock of—
Total stock.
$46,484,300
6 p. c. pref. . . 68,260.»00
National Tube, torn
40,000,000
do
7 p. c. pref.. 40,000,(00
National 8teel, com
82,000,000
do
7 p. c. pref... 27,000.000
Amer. Bridge, com
30,527,800
do.
7 p. c/pref . 80,627,800
Amer. St. St, Wire, com
50,000,000
do.
do.
7p.c.pref. 40.000,000
Carnegie
$166,800.000
Federal Steel.com
Amer. Tin
*o
Total stock.
$2*1,000,000
7 p.c. pref. 18,336,000
com
Amer. St. Hoop. com.
do.
Amer. Sheet
7 p.
c.
com
39,000,000
pref.. 14,000,000
84,600,000
7 p. c. pref. 24.600.000
do.
L. Sup'orCon. I. Mines
29,4/5,040
Shelby Steel Tube, com... . 8,175,000
do
do
7 p. c. pf.
5,000,000
Union Steel Co
20,000,000
. .
.
Plate,
do.
.
St.,
1
Compare V.
76. p 709; V. 72, p. 483; V. 74, p. 273, 434, 991, 1042;
V. 77, p. 1877; V. 78, p. 108, 1175.
Properties Owned.—The properties owned Deo. 31, 1903, were:
i-6 blast furnaces, 14 open-hearth and 17 Bessemer steel plants, 6 steel rail
mills, 67 bar, billet, etc., mills in 31 plants: 11 structural shape mills, in 8 plants;
14 plate mills. In 6 plants; 10 plants, comprising *5l puddling furnaces; 59 merchant mills, producing bar Iron, steel, etc., in IS plants; 4 * plants comprising
44? hot mills, producing tin plate, etc.; 24 rod mills, la 14 plants; 22 wire plants,
xl (welded and seamless) tube plants, 26 bridge and structural plants, 24 complete foundrle*, 11 skelp mills. 16 miscellaneous armor, axle, etc., works; extensive Iron ore mines In the Lake Superior region, 61.6x3 acres of coking coal
and 18.914 acres of surface and 17.095 beehive coke ovens, etc.. In Westmoreland and Fayette counties. Pa.: 867 bl-product coke ovens at Benwood,
Va
and Sharon and South Sharon, Pa 83,124 acres of steam and gas coal lands.
etc., railroads, lake vessels, ore docks, natural gas lands, etc.
Purchased Che-
W
.
munu Iron Co.'s Mesaba properties In 1903. V. 77. p. 405
The output of the company In 1903 (see V. 78, p. 1174) is shown below.
Output.
Gross tons.
Fin. Prod.— (Ooncl.) Gross tons.
Iron ore
15,363,355
Pig iron, spiege), etc... 7,279,241
Bessemer steel
6,191.660
Open-hearth steel
2,976,300
Coke, manufactured... 8,658,391
Coal mined (not used
in making coke)
1,120,733
Finished Products—
Bessemer steel rails
1,934,315
Finished
structural
work
469,692
Plates and sheets
1,374,928
Wire and wire products 1,126,605
Bl'ms.slabs, billets, etc
493,292
All other finished products
2,236,758
Total of all finished
products
7,635,690
In June, 1901, a majority of the capital stock of the Shelby Tube Co
was purchased on terms V. 73, p. 349; V. 72, p. 1285; V. 73, p. 86. Coke
properties, V. 76, p. 815. In Jan., 1902, 50,000 acres of ooal lands
were leased on a royalty basis by constituent oompanies from the Pooahontas Coal A Coke Co.; on these will be erected at least 3 000
modern coke ovens, with a capacity of at least 1,500,000 tons of coke
V. 74, p. 52, 274.
Alliance with Allis-Chalmers Co., V. 74, p 271also American Steel Foundries Co., International Nlofcel Co and
United States Realty and Construction, see statements of those oompanies in this Supp. Estimate of value of property, V. 75, p. 139
On Jan. 1, 1903. took over the entire capital stock of the new Union
Steel Co., $45,000,000 of new 5 per cent bonds being guaranteed
principal and Interest. See that company on a preoeding nage V 75*
p. 1359; V. 76, p. 107, 546; V. 78, p. 1174. In Apr., 1904. negotiations
for purohase of one-half of the Clairton Steel Co. capital stock were,
resumed. V. 77. p. 1 50, 1229; V. 78, p. 1501.
Stock.— As to retirement of $150,000,000 of $510,314 100 pref
took, see Bonds below. Large stockholders May, 1902, Y. 75, p. 81*
M.&S.16 N. Y., Morton Trust Co. Mch. 15, 1905
& A. Eliot N. Bk.,Bos.& Prov. Aug. 1, 1908
J. & J. Jan., '03, int. last paid. July 1, 1932
F. & A. Feb., '03, int'st last pd. Aug. 1, 1922
Q.-F.
Aug. 1, 1998
F. & A. Phila. Fidelity Trust.
Feb., 1907
F.
—
2,872,000
5
6.900,000
6
5 g8,500,000
5
6,732,000
6
1,000.000
5
2,000,000
Union RR 1st mortgage
Duquesne equipmt- nt tru st
1,150,000
5
1,000
1,104,000
6
Johnson Co.of Pa.lstM.,red.$l 00,000 Sep l,y'ry.Us..o 1894
Amer. Steamship 1 st M., g., gu., p. 1. end., s. f IS c&r 1900
1,000
4,682,000
5 8Pittsburg Steamship mortgage, sink, fund., red. par .. 1901
2,250,000
5
L7o6
H. C. Frick Co. M., s. f., red.105, $100,000 yearly July 1
1,500,000
5 g.
Pittsb. Bess. & L. Erie RR., Bess. & L. E. and Dul. Missa be&N o. Ry.— 8ee those co mpanies
c*
debentures, (no longer convertible)
o*
Non-convertible debentures, A & B
0*
Elg. Jol. & E. 1st M. ($10,000,000) g..Ce
c&r
Duluth & Iron Range, 1st mortgage. ITIp
2d mortgage, currency, red. at 105, $5,000,000. Ce.c*
Dividend.
30,000,000
3,000,000
6g.
508.302,500 See text
M. N. Y., Off. Empire Bldg.
do
360,140,100 7 In 1903
,— F.
do
)
Various N.Y.,J.P. Morgan & Co.
5 g
298378000
do
do
do
5g
do
152,902,500
do
5 g. M. & N.
Bonds of Companies Controlled—
Illinois Steel
Whom.
Payable
gold notes, red. par.ITIo.o 1902
fd.
[Vol. lxxviii.
Bond* PMnctINTEREST OR DIVIDENDS.
— pal, When Due
When Where Payable, and byi Stocks— Last
Ou-tantlng^Per
Size, or
of
see note on
$5,000
1898
1,000
1902
1,000
1902 l,0004o
1901
1,000
1.000
Beth. Iron, 1st mort.. assumed by Beth. Steel Co.FP.o* 1886
New Securities to be issued under Reorganizat ION PL AN.
Stock. $15,000,000 Is 6 p. c. non-cuno. pref
1904
Collateral trust mortgage, $3,000,000. g., s. f
100
United Statet Steel Corporation— Com. stk.. #550,000.000
100
Preferred stock, 7 per cent cumulative, $400,000,000
1901 l.OOO&o
Collat.tr.M..$304,000,000 j
1901 l.OOO&o
Coll. tr. 2d M., $250,000,000, g., s.f., red. text, U».o*&r 1903 500 &c.
V.
.
&
&
M. &
A. &
J. &
M. &
M. &
M. A
M. &
J. &
J. &
do
do
J.
J.
A.
O. N. Y„ Oft., Empire Bldg.
do
do
do
N.
O.
J.
do
do
do
S.
S.
8.
N. Y., U.
8.
Trust Co.
N.
J.
J.
under
R
Rs.— For other bonds,
s
1914
Do. 30,'03, 13%
Mayl5,'04,l%
Apr. 1, 1951
Apr. 1, 1951
Apr. 1, 1963
1910
1913
May
1941
Oot.
1937
1916
Jan.
1946
Sept.
Mar.
1914
To May, 1914
Nov. 1, 1920
Jan. 1, 1915
July 1, 1919
ee text
Jan.
Apr.
1,
1,
1,
1,
1.
1.
1,
Subscriptions by employes in Jan., 1903. V.76,p. 51, 334; V. 77, p. 827;
V. 78. p. 108, 233, 1175.
Dividends— On pref., 1\ p. 0., quarterly, paid Aug. 1901, to May,
1904, incl. On com., 1 p. c, quarterly, Sept.. 1901. to Sept.. 1903, IncL;
Deo., ** p. c; none sinoe to May, 1904. V. 78, p. 108
Bonds.—The collateral trust 5 per cent bonds of 1901 were secured
by all the securities owned; $154,000,000 only (series A, C and E)
are subject to call in whole or part at 115 per cent after Apr. 1, 1911;
a sinking fund of $3,040,000 yearly, beginning June 1, 1902, can
purchase bonds if obtainable at not exceeding 115 and interest, and
after April 1, 1911. may be applied to the redemption of series A. O
and E bonds to be drawn by lot. In Jan., 1904, $5,598,000, not Included in amount shown in table above, had been so purchased and
were held alive in the sinking fund. Carnegie holdings V. 77, p. 2039.
In 1903 $150,000,000 preferred stock wa« exchanged, $ for $, for seoond mortgage bonds, $20,000,000 of the bonds being also sold at par in
cash to a syndicate headed by J. P. Morgan & Co. The arrangement
with the syndicate was thereupon terminated, having ensu-ed $13,200,000 net cash for improvements. The remaining $30,000,000 bonds
available for sale for cash are helddn the treasury as an asset and the
final $50,000,000 (of the authorized issue of #250,000,000 2d 5s of
1903) applicable for exchang« for preferred stock will not be issued at
present. See V. 76, p. 334, 439, 545, 1147, 1200; V. 77, p. 717, 827,
1536, 2039; V. 78, p. 1173.
The collateral trust second mortgage 5s of 1903 issued as above
(V. 74, p. 584, 733. 892; V. 76, p. 545.) are next in rank and similar in form to the 5s of 1901. They are subjeot to call after ten
years from date at 110 and Interest in whole or part (if the latter to
be designated by lot and coupon bonds to be redeemed first). An annual sinking fund of $1,010,000 will provide for retirement of the
bonds. No foreclosure proceedings can be brought for default [Inpayment of principal or Interest continuing], fer less than two years
Amer. 88. bonds, V. 74, p. 1146; Pittsburg S. S. bonds, V. 75, p. 1305.
History of the principal properties, as given in Chronicle, may be
ascertained through index on page 166 of Inv. Sup. for April, 1902.
Bonds of oompanies controlled not mentioned in table above:
Interest. Outstanding.
Maturity
Nat.Steel Ms. ($250,000 are 5s)
5 & 6
$1,696,000 To Dec, 191
Am. Tin. Plate mortgages
6M. & S.
75,000 Mar. 1, 1906
Allegh. Furnace mortgage
5 F. & A.
78,000
Aug. 1,1911
Amer. Sheet Steel.— Dewees >
5 F. M. & N. 2,000,000
May 1, 1910
Wood 1st mortgage
\
No. Lake S 8., due $10,000 >
yearly
\
Host. Conn. Coke 1st mort ..
Host. Coke mortgage, due
$12,500 Aug yearly
J
Contin. Coke purch. inon.
Due $100,000 yearly
Due $37,000 yearly
"
&S.
5 F.
& A.
5 F.
& A.
D
M
mated
4*«,
M
M
in 1904):
Net over
Three
mos.
—
Sep.'04'08
Feb. 1, 1942
Aug.
1,
1909
Ms.—
5 F. &A.
Apr. 27
Carnegie Co. col. tr.
5 A. & O.
Frick Co. purch. mon.
5 J. & J.
Ohio Steel 1st M., part yearly. 6 J. A D.
Belialre Steel 1st
6 M. & 8.
Rosena Furnace 1st
5 J & D.
King, Glib. & Warner 1st M... 6 M. AN.
Latest Earnings.— For 3 mos. ending Mar.
M
50,000
500,000
75,000
Div. on
pref. stock.
Int., s f ,
rep'rs, etc. depr., etc
700,000
Feb.'05-'ll
555,000
Apr.'05-'19
83,000
Apr. 1, 2000
150,000
Jan. 1, 1905
760,000
June,'04-'08
301,00*
Mar. 2, 1906
250.000
Deo. 1, 1912
100,000
May 1, 1905
31 (March partly estiDiv.
on
com. stock.
Bal.. sur.
or def.
S
m
(£
i
$
1904.. ..13,208,886 8,761,087 (1%)6,304,919
....
df.1,857,120
1903.... 25,068,707 7,676,717 (1^)8.929,919 (1)5,083,025 sr.3,379,045
Report.— Report for year ending Dec 31, 1903, was given at length
In V. 78, p. 1165, 1172; edit., p. 1140.
Tear ended
»
Dee. 31, 1903. Dec. 31,1902. Jfor.31, 1902
Gross sales and earnings
$530,572,871 $560,510,479
Repairs, etc, and charges of
subsidiary oompanies
427,401,718 426,901,715
.
.
Net earnings
Deduct—
Sink.
$109,171,153 $133,308,764 $111,503,054
of subsid. cos' bonds..
do
of U. S. Corp. bonds..
Dep'n extl. f 'ds (reg. prov'n)
Extr'y. repl't f'ds(reg.prov'n)
Spec, fund for depr'n
imp'ts.
Interest on U. 8. Steel bonds..
Deprec'n iu invent.
adj'ts..
$1,598,012
$624,064
$546,607
3,797,500
3,040,000
2,533,333
&
4,599,822
4,834,710 ) . „ . QQ Qaa
9,297,531
9,315,615 J i-.ia»,a»o
&
10,000,000
10,000,000
2,500,000
19,082,796
15,187,860
15,200,000
&
5,378,838
Dividend on pref. stook
(7)30,404,173(7)35,720,178(7)35,682,962
do
com. stock.. ..(21^)12,707,562 (4)20,332,690 (4)20,309,641.
Div. outst'gstooksof sub. cos.
25,282
f.
undivided earnings .. $12,304,916 $34,253,657 $22,515,233
Directors. The directors are as follows:
Bal.,
To Feb., 1907.
Morgan,
To
To Feb., 1905.
Marshall Field.
Daniel G. Held.
William II. Moore,
J. D. Rockefeller Jr.
Charles M. Schwab.
Norman B. Keam,
William E. Corey,
Elbert.H. Gary (Chrman). Peter A. B. Wldener,
Robert Bacon,
George W. Perkins,
James H. Reed,
Nathaniel Thayer,
Edmund C. Converse,
Henry C. Frick,
.lonu F. Dryden.
James Gayley,
William Eden born.
Clement A. Grlscom.
Officers.— President, w. B. Corev: First Vlce-Pres.. James Gayley; Sec'y
and Treas.. Rtcbard Trimble; Comptroller, William J. Filbert.
FinancbCommittef.—Geo. W. Permn». Chairman: Henry H.Rogers. Norman B. Ream, P. A. B. Widener.ChasM. Schwab, Henry C. Frick and Robert.
Bacon, and E. H. Qary and W. E. Cory, ex officio.
Offloe, 71 B'way, N. Y.-(V. 78, p. 11 65, 1 1 72, 1388, 1451, 1501.)
J. P.
Henry Phipps,
Henry H. Itognrs,
Feb.. 1906.
Francis U. Peabodv,
Charles Steele,
.
:
.
INDUSTRIAL STOCKS AND BONDS.
Apr.. 1904.J
MISCELLANEOUS.
._
.
Date
1739
INTEREST OR DIVIDENDS.
L.
tfow/8-Prlnol-
pal, WhenDue.
Amfmilt
m
of
Par. n ,;7 *rwiino. Rate P er When Where Payable, and by Stocks- Last
For explanation of column headings, &o. see note on
uutsianaing ae nt
P av ahlfl
"Whom.
D1v1(1«n<i
Bonds Value.
Payable
Cent.
Dividend.
first page of tables.
Size,
or;
i
I
.
_
Virginia-Carolina Chemical— Stock, com., $38,000,000.
Pref. (also as to assets) 8 p. o., cum., to be $20,000,000.
o*
Col. tr. M.,g., red. 105, sinking fund, see text Ce
Virginia Iron Coal dk Coke— Underlying bonds (see text)
Va. Iron Coal & Coke. 1st M., g., $10,000,000 Itta. ..o*
Va. & Southw. By., 1st M., $2,000,000, gold, gu.Mo.o*
Wells, Fargo dk Co.—Stook
Welsbaeh Co.—Coll. trust mort., gold, $7,000,000, s. f
Westchester Lighting— 1st M.. $10,000,000, gold. Col... o*
West'n Anthracite Coal dk Coke Co —Pref. stook, 7% cum
West. Telephone dk Telegraph—Com. stook, $16,000,000...
Pref. stook. $16,000,000, 6 p. c, cum. after 2 years....
c*
Collateral trust gold bonds, $ 1 0,000,000
Western Transit Co.—Bonds, gu. by N. Y. C. ext. In 1903.
Western Union Telegraph Stook
o*
Collateral Trust bonds.
Fund'g and real estate mort., $20,000,000, gold.F.o&r
Westinghouse Air Brake—Stook, $11,000,000
Westinghouse Elec. dk Mfg.— Assent, stook (V. 71 p. 1274)
First pref ($4,000,000) stook, 7 p.c, oum.(see remarks)
Debenture certificates, $3,500,000, gold (see text).
—
$100 $27,984,400 See text. Q.-M.
100 12,000,000 8 in 1903 Q-J. 15
1902
1,000
7,000,000
557,000
1899
i',0'06
6,653,000
1902
1,000
2,000,000
100
8.000,000
19()0 100 Ac.
5,801,600
5.360.OO0
1900
1,000
100
1,250,000
100 16,000,000
100 16,000.000
1902
1,000
9,855,000
188-1
1,000
1,500,000
100 97,340,504
1888
1,000
8,504,000
1900 l.OOO&c 17,000,000
50 10,990,450
50 18,526,800
50
3,998,700
1898
1,000
2,787,000
1898
1,000
850,000
Walker Co. 1st mortgage (see text)
50
Westinghouse Machine Stock. $5.000.000
5,000,000
1,000
350,000
Mortgage, subject to call in 1905. due $35,000 yearly..
1.000
1,150,000
Debentures, $1,500,000. gold, redeem by lot at 105... 1899
1,000
1,000,000
Westingh F'ndry, 1st M., gu., due $50,000 y'ly,beg.'07 1902
i
—
Me
,
Me
—
Virginia-Carolina Chemical Co.— Organization.— Incorporated on Sept. 12, 1895, and acquired many successful manufactories
of commercial fertilizers from Baltimore to Atlanta and Savannah.
V. 68, p. 431; V. 69, p. 232,964; adv. InCHRON. Mar. 4, '99; V. 72,p.444.
See application showing properties owned, etc., V. 72, p. 1186; V. 72,
p. 1191, 1285; V. 73, p. 137, 240; V. 74, p 942, 1095; V. 75, p. 81, 140,
496. The So. Cotton Oil Co., $9,881,300 of whose $11,000,000 stook is
owned, operates the cotton oil properties. See V. 73, p. 240, 137, 1365.
Stock.— The stockholders voted on July 17, 1901, to authorize an increase in the common stook from $12,000,000 to $38,000,000, the new
stock to be issued for cotton oil, etc, properties, recently purchased,
and from time to time as required; outstanding Dec, 1903, $27,984,400 V. 73, p. 36, 137; V. 75, p. 496.
The shareholders will vote on May 18, 1904, on authorizing $8,000,000 additional preferred stock, raising the amount to $20,000,000; of
the new stook $6,000,000 to be used to pay the floating debt and for
additional working capital, is to be offered pro rata to stockholders of
both classes at par. The remaining $2,000,000 cannot be issued in
exoess of $400,000 in any flsoal year exoept on vote of a majority of
the stook. V. 78, p. 1451; V. 77, p 355, 405; V. 78, 1503.
Dividends— (P.c)
1896. '97 to Mar., '02, inoL June, '02to June,'03
4 yearly.
1*4 qr
Preferred, 8 p.c ) In full to Apr., 1904, inclusive (paid Q.-J. 15).
In Sept., 1903, common stock dividends were suspended pending arrangements for adoitional working capital. V. 77, p. 405.
Collateral Trust Bonds.—The bonds are secured by the $9,881,300 Southern Cotton Oil stock owned and $2,209,200 of $2,219,200
stook of the Charleston Mining & Manufact'g Co. The proceeds were
used to restore over $3,300,000 cash taken from working capital on
account of recent acquisitions and to provide about $3,500,000 still
due for the properties acquired. They are subjeot to call as a whole
on any interest day at 105 or for sinking fund $500,000 annually, beginning 1904. at 102ia and interest. V. 75, p. 140, 687, 1102.
Report for year ending June 15, 1903, in V. 77, p. 194, showed net
earnings, $2,596,317; int. on bonds, $209,401; div. on pref. (8 p. c),
$960,000; div. on com. (5 p. c), $1,399,220; bal., sur., $27,696.
Officers. - President, S. T. Morgan; Secretary, 8. D. Crenshaw;
Treas., 8. W. Travers, Richmond, Va. New dlreotors Aug., 1903, V. 77,
p. 405.-(V. 77, p. 302, 355, 405; V. 78, p. 1451, 1503.)
Virginia Iron Coal 6c Coke Co.—See page 1746.
Wells, Fargo 6c Co.— See page 1746.
Welsbaeh Co.—See page 1746.
Westchester Lighting.—See page 1746.
Western Anthracite Coal 6c Coke Vo.—fSrc Map.)—Incorporated under the laws of Colorado in October, 1901. Owns and controls
7,000 aores of developed anthracite and coking coal lands in Colorado.
Acquired the properties of the Anthracite Coal Co. in 1902. Has
under construction an anthracite coal breaker of 2,000 tons dally
capacity, 150 coke ovens, and a spur to connect with the Mount Guero
and Colorado Southern railroads. Will begin to make shipments In
1904 Stock (par $100), 7 p. 0. cumulative preferred, $1,250,000;
common, $1,250,000, New York office, 52 Broadway.
Officers. -President, W. E. Pedriok; Secretary, W. D. A. Rose;
Treasurer, W. C. Tegethoff.
t)lrecto»»-C C. TeuetDoff, Gso. C. Manly. Simeon F. Sullivan, A. A. Miller,
W. C. renethoff, W. B. Pelrlck, H. M. Brigdam.
Western Gas Co. ( JI llwaukee).— (V. 74, p. 482; V. 76, p. 658.)
Western Transit Co.—Owns piers, etc, in Buffalo, N. Y., fleet of
14 steamers and also barges used on the Great Lakes. The N. Y. Central owns its $1,000,000 capital stock— (V. 76, p. 216.)
Western Telephone 6c Telegraph Co.— See page 1746.
Western Union Telegraph.—Organized under the laws of New
York 8tate on April 2, 1851, and present name adopted in 1856. As
to favorable decision in Oct., 1903, in claim against Amer. Telephone
Telegraph Co., see V. 77, p. 953, 2160; V. 78, p. 588, 1227.
Stock— In 1892 increased stock from $86,200,000 to $100,000,000, of
which $8,620,148 was thenpaid as scrip div. to represent surplusearnlngs expended on the property and $2,630,000 still unissued.
Common
)
>Dec.l
&
Dividends.—
)'87. '88. '89. '90. '91.
'92.
'93toApr.,'04,inol.
(m
5
5 5%
5 15(10sc) 5%
Q-J,)
Bonds.— On June 30, 1903, the following stocks (par value) were
pledged for the collateral trust bonds
Gold & Stook Telegraph, $1,111,800; Internal. Ocean Tel., $1,961,500; N. Y. Mutual Tel., $2,387,700; and bonds, Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate 4^8 of 1900 are secured upon real
estate in New York and Chicago and provide for the $6,800,000 of 6s
and 7s due in 1900 and 1902, construction, etc In the event of a
mortgage being made, they will be given a prior lien thereunder. V. 70.
p. 384, 1203; V. 71, p. 750; V. 74, p. 785; V. 78, p. 1451.
Leased Companies.— Under leases the company aside from other
rentals pays interest and dividends as below.
Lease
Int. or div.
Bonds
Company, <tc.
expires.
Amount.
% Period, mature.
Am. Tel. & Cable stook.
1932 $14,000,000 5
Q— No bonds.
Ch. & Northw. Tel. stk.
1904
100,000 4
..
mort., int. ?uar
1st
1100,000 6
M&S 8ept.i,1904
Empire* Bay State, st'k
1989
300,000 4
Q— No bonds.
Franklin Tel. stock
1975
a267,100 2**
No bonds.
Gold & 8took Tel. stook.Jan.,1981 b2,444,400 6
Q J
Bonds $500, not mort.
500,000 4*a
May 1,1905
Illinois & Miss. Tel.... perpetual. cl,830,145 4
None.
J&J
Intern.OceanTel.stock.Jan.,1981 dl,015,400 6
Q J No bonds.
«.Y.Mut.Tel.stock($25)Feb.,1982
ell4,300 6
„
Mutual Un. Tel. 1st ..
f 1,957,000 6g.
May, 1911
Since '86, p. c.
J
2
:
M
M
M&N
—
M&N
—
M&N
5
g.
5
5
g.
g.
8 in 1903
5
5
'
OB
.
I
g.
g.
5
4ifl g.
See text.
See text.
See text.
5 g.
6 g.
See text.
6
v-
114
Apr.15,'04,2%
Oct. 1, 1912
&
&
&
&
&
&
M.
J.
J.
J.
J.
N.Y.,Bk.ofManhat.Co. Moh. 1, 1949
do
Jan. 1, 2003
do
J. N. Y., Office, 63 B'way. Jan.15,'04, 4%
D.Phil. Prov. L. & Tr. Co. June 1, 1930
D.I N. Y, Colonial Tr. Co.
Deo. 1, 1950
&
A.
A.
O.
8.
J.
Boston, 119 Milk St. Feb. 1, '04, 2%
Old Col. Tr. Co., Boston. Jan. 1, 1932
N.Y., Grand Cent.Stat'n Feb. 1, 1923
N. Y., Offloe, 195 B'way. Apr.l5,'04,li4
do
do
,J.
Jan. 1, 1938
May 1, 1950
do
do
Pittsburg, Pa.
Apr.11,'04,5%
Q .-J.
Q.-J. N. Y., Office, 120 B'way Apr.ll,'04,2ifl
Apr.ll,'04,2ifi
do
do
Q .-J.
I.
& J. N. Y. Merc. Trust Co. July 1, 1913
Jan. 2, 1916
J. & J. N. Y., Central Tr. Co.
East Pittsburgh, Pa. Apr.ll/04.2i«
Q .-J.
3? & D. Fid.Tit. & Tr.Co. Pittsb. June, 190514
do
do
July 1, 1919
j. & J.
M. & N. Colon. Tr. Co., Plttsb'g. May, 1907-27
4 In 1903 F.
5 g. J.
Shi
5 in 1903
June 1, '03,
Riohmond, Va.
do
do
Cheoks mailed.
& J.
F. & A.
Q .—J.
& J.
M. & N.
.
Int. or div.
Bonds
A mount.
Period.
mature.
Northw. Tel. stk. ($50).My7,1980 $2,500,000 6
1st mort. p.
i. guar.
1,500.000 4*2 J&J Jan., 1934
Pac & Atl. stock ($25) . 99 years
g541,875 4
J&J No bonds.
Sou. &Atl. stook ($25). 999 years
h558,400 5
No bonds.
On June 30, 1903, the company owned of the above amounts: Franklin
Tel., $632,900; Gold & Stook Tel. $1,443,800; Int. Ooean Tel., $23,100;
111. & Mississippi Tel., $100,350: Paolflo & At. Tel., $1,458,125; Southern
& At.. $390,475.
Also owns directly or through collateral trust, viz.: a $632,900;
b $2,555,600; C$100,350; 4 $1,984,600; e $2,387,700; f $3,043,000:
g $1,458,125; h $390,475; 1 $40,000.
Latest Earnings.- Revenue for 9 mos. ending Mar., 31, 1904
9 mos.
Net revenue.
Interest.
Dividends.
Bal., sur.
1903-4 (est.)
$6,097,256
$858,900
$3,651,051 $1,587,305
1902-3 (actual)... 6,206,772
791,400
3,651,034
1,764,338
Total surplus (estimated) Mar. 31, 1904, $14,607,029.
Annual Report.— Report for 1902-03 was in V. 77. p. 1223.
1902-03.
1901-02.
1900-01.
1899-00.
Lease
Company,
expires.
dkt.
I
%
&
J&J
A&O
Year ending June 30.
$
$
$
$
Revenues for the year.... 29,167,686 28,073,095 26,354,151 24,758,570
Oper.exp's,rent..t'xes.& c 20.953.215 20,780,766 19,668,903 18.593.206
Remainder
8,214,471 7,292,329 6,685,248 6,165,364
4,868,050 4,868,031 4,868,007 4,867,984
992,580
1,077,700
956,160
896,306
2,268,721 1,431,717
861,080
391,277
Miles of Miles of No. of
Year. Poles&C'bl's. Wire. Offloes. Messages.
Receipts.
Profits.
1866-67... 46,270
85,291 2,565 5,879,282 $6,568,925 $2,624,919
1892-93.. .189,936
769,20121,078 66,591,858 24,978,443 7,496,037
1901-02. .196,115 1,029,984 23,567 69,374,883 28,073,095 7,292,329
1902-03. ..196,517 1,089,212 23,120 69,790,866 29,167,686 8,214,471
Office, 195 Broadway, New York City.— (V. 78, p. 1121, 1227, 1451.)
Westinghouse Air Brake.—Organization, Etc.— A Pennsylvania corporation. V. 67, p. 843, 1065. Owns $850,000 of the $2,500,000
stock of the Canadian Westinghouse Co., Lim. V. 77, p. 1307. Stookformerly $5,000,000 (par $50) was increased to $11,000,000 in July, 1898,
$5,000,000 being distributed among stockholders as a 100 per cent
stook dividend (V. 67, p. 128; see also V. 66, p. 955; V. 67, p. 1044).
Up to 1898 dividends of 20 per oent per annum had been paid for some
years. In 1899, Jan., 5 p. c; Apr., 5 p. c; July, 5 p. c; Jan., 10 p. c,
in 1900, 7>a p. 0. each, quarterly (Q.-J.) incl. 5 extra; 1901 to Jan.,
1904, 6 p.c quarterly, incl. 3^ extra; Apr., 1904, 5 p.o , inol. 2Mt extra.
As to litigation with N.Y. Air Brake Co., see V. 69, p. 181,442; V. 70,
p. 636; V. 73, p. 1365; V. 75, p. 1359. Report for year ending July 31,
i903, was In V. 77, p. 768, showing: Gross, $9,179,588; net profits,
$3,393,474; dlv. (24%), $2,636,748;bal.,sur., $756,825— (V. 78, p. 1121.)
Dividends paid (5
Interest on bonds
Surplus
p. 0.)..
.
Westinghouse Electric 6c manufacturing Co.—Organization.—A Pennsylvania corporation manufacturing appliances used
for electric lighting and power purposes. Statement to N. Y. Stock
Exohange was in V. 54, p. 763. The company owns exclusive rights
to the Tesla patents on alternating ourrents.— V. 61, p.25, 153. In
March, 1896, an agreement was made with the General Eleotrio Co.
See V. 62, p. 502, 635, 1040; V. 68, p. 1024.
In Sept., 1898, purchased substantially entire capital stook and all
but $350,000 of the $2,500,000 20-yr. bonds of Walker Co. V. 68, p. 87.
British Co.,V. 69, p. 232, 802; V.73,p.lll4; V.75,p. 1414; V.76.p.l089;
report, V. 78, p.987. Canadian Westinghouse Co., see V. 77, p. 302,1307.
Capital stock, Etc.—Stock authorized is $25,000,000, Increased
from $15,000,000 in Feb 1901, $3,000,000 of the new stock being,
sold to stockholders at $55 per $50 share. V. 72, p. 631. In 1903
stockholders subscribed to $4,500,000 assenting stock at $30 per $50
share, the proceeds to be used for extensions and working capital, increasing the outstanding amount to $18,526,800. V. 76. p. 1089; V.
77, p. 827. The first preference stock carries cumulative dividends
of 7 per oent per annum, with right to participate equally with other
stook after the same shall have received 7 per oent, and preferential
as to principal. See preferred certificate in editorial of May, 1893, Sup.
As to the debenture certificates of 1898 see V. 67, p. 324, 691.
Sinking fund of $150,000 yearly from 1900 to pay off debentures at
105, to be drawn by lot. No lien is to be placed on property without
providing for debentures. V. 67, p. 1112.
In Deo 1903, $2,000,000 two-year 6 per cent notes, subjeot to payment after 6 months, were sold. V. 78, p. 51.
Dividends.—On pref. Feb., 1892, to May 1903. Incl., 7 p.o. per an.
Interim May 15 to July 1, 1903,
p. c; Oot. 20, 2^ p. c; 1904, Jan.,
2»« p. c; Apr., 2ijpo.; V. 76, p. 1089, 1361. On assenting stock, Feb.,
1900, 1*4 p. c; May, 1900, to May, 1901, 6 p. 0. per an.; Aug., 1901, to
May, 1903, inol., 7 p. c; July, 1903, 1M p. 0. (May to July 1); Oot., 213
p. c; 1904, Jan., 2»« p. c; Apr., 2«a p. 0.
Annual Report.- Fiscal year ends March 31. For 3 mos. ending
June 30, 1903, net earnings were $1,137,734. Balance sheet June
30, 1903, V. 77, p. 628. 8ales in 1902-3, $23,899,492, against $19,975,958 in 1901-2; net earnings, inoluding subsidiary companies (approx,
,
m
imate), $4,650,000.
V. 76, p. 1089.
Directors.— Brayton Ives (Chairman of the Board) Charles Francis
Adams, Ph. Ferd. Kobbe, August Belmont, A. N. Brady, N. W. Bumstead, Frank H. Taylor, H. H. Westinghouse, G. W. Hebard. James H.
Hyde, Brayton Ives, Geo. C. Smith and George Westinghouse. Pres.,
George Westinghouse; Vioe-Pres., Frank H. Taylor, Ph. Ferd. Kobbe
and L. A. Osborne: Treas., T. W. 8iemon; Seoy., Charles A. Terry. N.
Y. offloe is at 120 Broadway.-(V. 77, p. 1307; V. 78,p. 51, 987.)
,
Westinghouse Machine Co.— See
page 1746.
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INDUSTRIAL STOCKS AND BONDS.
Apr., 1904.]
Albemarle 6c dies. Canal.— Owns canal between Chesapeake
Bay and Albemarle Sound, 14 miles. Stock is $558,200 ($100 shares).
Dividends in 1893-96 each l^p. o. yearly; in 1897, none; in Feb.,
1898, l»s p. c; none since. Bonds, $500,000 1st M. 4s (formerly 7s),
due Julv, 1909. Non cum. Income 3 p. c. debentures (Central Tru-t
Co., N. Y., trustee), $115,000 due July 1, 1909, issued per plan, V. 77,
portion of interest on 1st mortgage bonds to
§. 351, for the funded
ate of maturity, and July, 1902, coupon, canceled. (V. 77, p. 351.)
See report, V. 74, p. 92; V. 72, p. 1035. In 1902 3, gross, $32,828; net,
In 1901-2, gross, $39,476; net, $19,S96. Free., Warren G.
Va.-(V. 75, p. 795; V. 77, p. 351.)
American Alkali.—Stock, common, $24,000,000; pref., 6 p. ccumulative, »2, 400. 000, mostly S10 per share paid In; par of shares^
#50. SeeSUP-fprJuly, '02,andV. 76,p. 214, 1194; V. 77, p. 770, 1875;
V. 78, p. 1499.
American Cement.— A consolidation in 1899; incorp. in N. J.
Prospectus, V. 69, p. 1249. Stock, $2,000,000. Dlvidenos 1900 to
Jan., 1904, both incl., 8 per cent yearly (2 extra). Report for 1903,
V.7H,p. 285. Bonds, $860,000 1st inort. and coll. tr. gold 5s, due Oct.
int. A. <fe O. at Girard Trust Co.. Philadel1. 1914. s. f. $30,000 yearly
phia, trustee. The plan to incorporate a company to manufacture
cement at Norfolk, Va., was temporarily deferred in March, 1904. See
V. 77, p. 252; V. 78, p. 285. Pres., Kobt. W. Lesley; Treas.. Fred'k J.
Jiggens, 24 So. 15th St.. Phila. Seaboard Cement Co., see V. 77, p. 252,
23«2. -(V. 76, p. 5 90, 655; V. 77, p. 252; V. 78, p. 28 5.)
American Coal.—Mines at Barton and Lonaconing, Md. Stock.
$1,500,000; par, $25. Dividends (M. & S.) 1894, 6^ p. c; 1895. 7; '96.
8; '97, 8; '98, 9; '99,10; 1900, 9; 1901, 10; 1902,10; 1903, 10; 1903,
March, 5 p. c. Office, No. 1 Broadway.- (V. 72, p. 340.)
American Cotton Co.— Organization.—Makes and leases a pat
ented machine for producing cylindrical bales of cotton. V. 68. p. 821.
In 1902 03 handled 520,000 round and 60,000 square bales. Subsidiary companies also buy square bales and buy and sell ootton seed
In Jan., 1902 over a majority of eacholassof stock had been deposited
with a protective committee (Cornelius N. Bliss, Chairman, and Thos.
E. Wing, 20 Nassau St., Sec), under an agreement for three years. V.73,
p. 1266. Divs. on pref. 8 p. o. to Nov., 1900, none slnoe. V. 72, p. 1240.
As to $2,0>j0,000 debentures of 1902, see V. 75, p. 31. Chairman, James
G. Cannon, N. Y.; Pres., J. P. Cooper, Boston, Mass.— (V. 75, p. 734.)
American District Telegraph.— See Supplement of Jan., 1893.
Annual report for year ending Deo. 31, 1903, was in V. 78, p. 1221,
showing gross, $577,677; net, $100,377; construction expenses, $34.508; dividends (2 p. o.), $76,888.
Dividends.— ) '93. '94. '95. '96. '97. '98. '99. 1900. '01. 1902. 1903.
2
2
1
3
1
2 2 2H
Percent.
( 313
2H 2*2
Office, 6 Dev St., N.Y. City. Direotors and officers, Apr., 1902. V.
74, p. 207, 885.- (V. 76, p. 214, 263; V.78, p. 344, 1221.)
American Crass Twine Co.— Organization.— Incorporated in
Delaware on June 8, 1899. Official statement showing properties
owned, V. 73. p. 1262; V 74. p. 96; V. 75, p. 31, 187, 1305; V. 77, p. 1295.
Stock, $15,000 000; par. $100. Dividends, 1902. 3 3i p. c; 1903, Jan.,
2^ p. 0.: none since. Underlying bonds, $36,000. Wisconsin Grass
Twine 6s, due Jan. 1,1907. Pres., Solomon Turoh; Vict-Prt-s., H-nry
M. Cohn; Sec, Frank G. Noble, 377 Broadway. N. Y.— (V. 77, p. 1876 )
American Iron 6c Steel Manufacturing.— In Aug., 1899, absorbed properties at Reading and Lebanon, Pa. See list in statement of April 30, 1900. V. 71, n. 180. In 1901 the North Reading
Works were sold. V. 74, p. 57b. Stock, common, $17,000,000, $5
per share paid in; pref., 5 p. 0. cum., *3,000,000, full paid; par of
shares, $50. Dividends on pref., Jan., 1900, 123 p. c; Apr., 1900, to Apr.,
'04,li4 p. c,Q. -J. On com., 1900, $1 per share; 1901, 55 cts.; 1902. Jan.
29, 15 ots.; May 28, 15 cts. No bonds. Report for year °nding Dec. 31,
1903, In V. 78, p. 767. Office, Lebanon, Pa.— (V. 78, p. 767.)
$17,810.
Elliott.
Office, Norfolk,
;
American Light 6c Traction Co.— Organization.— IncorNew Jersey May 13, 1901, by Emerson McMillin and asso-
porated In
ciates, and acquired the following lighting and traction companies per
terms in V. 72, p. 724, 871, 987; V. 73. p. *35, and V. 75, p. 343. All of
the stock of the -.rand Rapids, Madison, St. Joseph, e>t. Paul and
Blnghamton (N. Y.) Gas Works is owned, and at least 97 p. c. of the
stook of each of the remaining properties named below.
Tot. stock
issued.
Uutsrand'g
bonds.
.
'
j
z 8ee also $7f 0,00o St. Croix Power Co. guaranteed bonds, V. 73, p. 1014.
Stock.- Authorized, common, »15,000,i'00; pref. 6 p.c cum., $25,000,000, of which $9,396,200 pref. and $4,678,700 common outstanding.
Dividends.- On pref., Dec. 2, 1901 to May, 1904,6 p. o. yearly (paid
Q.-J.)
Earnings.— For 6 mos. ending Deo. 31, 1903, net earnings were
$535,551. div on pref., $281,907; bal., sur., $253,644.
Report.— For years ending June 30 earnings were:
Oihtr
Fitcal
Dividends
Balance,
Preferred
rectivtd.
intome. Expenses.
dividend,
year.
surplus.
1902-03
$1,006,593 $85,470 $25,078 (6%)$528,337 $538,647
1901-02....
769,093
24,240
20,070 (t%) 457,015
316,247
Pres., Emerson McMillin; Sec, and Treas.. 8. J. Glass. N. Y ;
40 Wall
Street.
Direotors, V. 73, p.
235.— (V. 78,
p. 1448.)
American Sewer Pipe Co.— Organization.— Inc.
In N. J.
on
Feb. 17. 1900, as American Clay Mfg. Co. as a consolidation of 32 vitrified drain-pipe and 2 paving brick plants said to control from 60 to 75
per cent of the industry, and name changed, Feb. 1, 1901. For list,
etc, see V. 70, p. 482, 688, 874. The bonds are subject to call at 105
and interest up to $100,000 yearly after Mar. 1, 1901. See V. 70. p. 688.
Stock, $8,000,000, as reduced March. 1903; outstanding, $7,805,700;
par, $100. Balance sheet Sept. 30. 1903. V. 77, p. 1532.
Officers.— President, Frank N. Kondolf, Pittsburgh, Pa.; Secretary;
Thomas D. Brown, New Brighton, Pa.; Treasurer, W. B. Goucher,
Pittsburg. Office, Pittsburg, Pa.— (V. 77, p. 1532, 1535.)
American soda Fountain.—Formed in '91 in tf.J.— V.66,p.382.
Stook outstanding: Common, $1,250,000; 1st pref., 6 per cent, cum.,
$1,250,000; 2nd pref., 8 percent, cum., $1,250,000; par, $100.
Dividends.— On pref erred in full to Nov. ,1896, incl.; in 1897 to 1899
inc., none; Nov., 1900, 3 p. 0. on 1st pref.; 1901 to 1903, both inoluslve,
6 p. 0. yearly on 1st pref., leaving accumulated dividends unpaid of 21
p. 0. on 1st pref. and 56 p. o. on 2d pref. On com., none since 1896.
General Finances.— On Aug. 31, 1903, notes payable, $866,968.
Annual Report.— Report for year ending Aug. 31, 1903, V. 77, p.
2035, showed profit, $125,274, against $108,589 for 1902. Pres..
James N. North. N. Y. office, 449 First Ave.— (V. 77, p. 2035.)
American Steel Foundries Co.— Organization.— Incorporated in New Jersey on June 26, 1902, and acquired.
Anerioan Steel CastiDg Co. (See Supplement of April, 1802), Reliance
Steel CasiinKS Co. of Pittsburg, Pa.. I.ei*rbton & Howard Steel Co. E. St. Louie,
Franklin Steel Casting Co. ofFianklii), Pa., Sargent Co. of Chicago, LL,
Steel Foundry Co. of Granite City, 111., and American Bolster Co.
For properties acquired, rights of stock, etc, see V. 75, p. 1300; V.
77, p. 767. Of the $40,000,000 stock (half pref.) $5,000,000
and $4,500,000 preferred are to remain in treasury and be issued only
for cash or property of the aotual cash value at par. V. 74, p. 1141,
1357. Dlv. on pf., Deo. 1, 1902, to Deo., 1903, 1^, p.
quar. (Q.- M.);
1904, May, l 1* p.
111.,
American
common
c
c
Report.— Report for 6 mos ending Jan. 31, 1904, with bal. sheet,
was in V. 78, p. 1444, Bbowlog net income before charging depreciation on buildings, *300,705; pref. stock dividend (3 p. o.) calls for
$465,000; profit and loss surplus Jan. 3» 1904, $547,354.
.
Report for year ending July 13, 1903, in V. 77, p. 767, showed:
Net income of constituent companies, $1,556,953; interest on
bonds, $23,550; dlv. on outstanding stock of constituent companies,
$700; dlv. on pref. stock (4^ P- c). $697,500; bal., sur., $835,203.
Officers —President, Charles Miller; 1st Vice President, Daniel
Eagan; 2d Vice-President. C. H. Howard; Treasurer and Secretary, F.
E. Patt«ison.
Directors. V. 75, p. 1301; V. 76, p. 1145; V. 77, p. 695,
74 Broadway, N. Y.-(V. 78, p. 704, 1393, 1444, 1500.)
American Thread Co.— Incorporated in N. J. March 10,1898.
(V. 67, p. 1158.) Stock, $6,000,000 common ($3 50 per $5 share paid
in, understood to be entirely owned by the English Sewing Cottou
Co.); $6,000,000 five per cent cum. pref. (gold or £); issued $4,890. 475, par of shares, $5. Dividend on pref. July, 1899, to Jan.,
1904, inclusive, 5 p. c. per annum (2^ p. 0. semi-an). First dlv. on>
common, 30 cts. per share (or 10 per cent on amount paid in) paid out
of earnings of 1899-0; In 1900-01, 35 ots. (10 p. c); in 1901-2, none;
In July, 1903, 14 cts. (4 p. 0.)
Bonds- See application to li«t in full, V. 70, p. 179; also V. 7fi, p. 267.
In 1901 purchased control of Wool Exohange Co.. owning building 26C
West B'way. subject to first mort. of *500.000. V. 73, p.289, 393, 446.
Report. Report for year ending Mar. 31, 1903, with balance sheet,
in V. 77, p. 193, showed: Gross profits, $1,147,245; depredation,
$300,000; bond interest, $242,740; dividend on pref. stock (5 p. 0),
$244,524; div. on com. stock (4 p. c), $168,000; bal., sur., $191,981.
President, T. C. Waterhouse, Sec and Treas., Theo. M. Ives. 260 W.
Broadway. N. Y.-(V. 75, p. 665; V. 76, p. 267; V. 77, p. 193.)
Karney Ac Smith Car.— Incorporated in 1892 in West Virginia.
Stock outstanding, common, $1 ,000,000; pref., 8 per cent, cumulative,
$2,500,000; par, $100. Ponds, $1,000,000, 1st 50-year gold 6s (J &J.)
subjeot to call at 110 on or after July 1, 1902; Guaranty Trust Co., N.
Y., trustee. Divs. on com. in '93, 5 p. c; on pref. 8 p. 0. till Mar., '95;
dividends resumed Deo. 1, 1899, then 2 p. 0. quar. to Mar., 1904, inoL
Report.— Report for year ending Mar. 31. 1903, V. 76. p. 1298.
Office,
Tear.
Olh. inc.
Net.
Had
debts. Inier*st. Pre', div.
Bal., sur.
$3,750
$60,000 $200,000 $302,511
1902-03.. $566,261
26
....
1901-02.. 399.993
60,000 200,000
139,967
-(V. 74, p. 1198, 1250; V. 76, p. 1298 )
Bay State Gas Co.— Stook outstanding, $250,000,000, of which
$75,000,000, it is claimed, was not properly issued. V. 78, p. 1277
in $50 bhares. Its equity (see Sdpp. of July, 1902.) in certain Boston
gas companies was sold at foreclosui e in 1902 and the stocks bought in
for the Massachusetts Gas Companies, per plan In V. 76, p. 104, 161.
In July, 1903, Receiver Geo. "W Pepper was endeavoring to prove the
sale fraudulent. As to otter to stockholders by other parties in July,
1903, see V. 17. p. 695, 771. See V. 76, p, 334, 437, 812, 974, 1145,
1194.1357; V.!77,p. 39, 149,299, 402, 453; V.78,p.289.-(V. 78. p.1277.)
Borden's Condensed Willi*. Co.— Organization— Incorporated
New Jersey on Apr. 24, 1899. V. 68, p. 821. Successor to New York
in
Co., also absorbing various other properties in the
U. S. V. 69, p. 1195; V. 74, p. 97, 579 V. 76, p. 656. Stock, all outstanding, common, $17,500,000; pref., 6 p. c cum.,*7,5u0,000, subject
to call at 110 after 3 years from issue (if less than the whole to be paid,
the number of shares to be drawn by loti; par of shares, $100 each.
Dividends on pref. to Mar., 1904, inclusive, 6 p. c. yearly (Q.-M.), paid
at N. Y. Seourity & Trust Co. On common, in 1902, 8 p. c; 1903, Feb.,
4 p. c; Aug., 5*3 p. c. including i^p.o. extra; 1904, Feb., 4 p. 0, No
bonds. President, William J. Rogers; Treasurer, F. D. Shove; Sec,
Walter M. Gladding, 106-110 Hudson St., New York.— (V. 76, p. 656.)
Brunswick (Ga.) Dock 6c Improvement Co.— Successor to
Brunswick Co.reorg. per plan in V. 65, p. 326; see also V. 66. p. 1034.
Stock, $5,000,000. President, Henry E. Howland, 35 Wall St.; Sec
& Treas., G. A. Kraetzer Jr., 8 10 Bridge St., N.Y. (V. 76. p. 812, 1357.)
Condensed Milk
;
Butterlck Co.— Organization. -Incorporated
Owns
in
New York on
stocks of various cos. publishing fashion magazines, manufacturing paper patterns, etc. See official statement, V.
7r>, p. 237. Stock, $12,000,000, all outstanding. Div., 1 p. 0. quar. paid
Sept., 1902, to Mar., 1904, both incl. Underlying bonds, $1,200,000
Federal Pub Co. oollat. 6s, due 1920, payable 10 p. 0. yearly, beginning 19 0. Report for cal. year 1903, in V. 78, p 990, showed: Earnings of operating cos $766,965; dividends, $4 80,000; bal., sur., $286,965. President, G. W. Wilder; Treas C. D. Wilder; Secretary, R. S.
O'Loughlin. Office, Butterick Building, Spriug <te Macdougal Sts., N.
Y. City.— (V. 77, p. 767; V. 78, p. 990.)
Canton Company.— See Supp. of Apr., 1897, and V. 75, p. 292.
Jan. 15, 1902.
1
t4.000.ix
Western Gas Co
$6,00<>,000 V. 74, p. 482.
Grand Rapids (Mich.) Gas Light Co
1,000,000
1,225,000 V. 64, p. 6«2.
Madis. ni Wis.) Uas& Electric Co
400,000
460,0001
See pa«e
',52,000!l74 of 1nSt. Joseph (Mo. Gas Co
1,000,000
St. Paul (Minn.) Gas Lt.Co.(V.77, p. Z28Z)... 1,600,000 x3,883.000 f vkstors'
Blnahamton(N. Y.)Gas Worse
450,000
528,000 J SCPPLEM'T.
Consol.Gas Co. of N.J. (Lodk Branch. N.J.) 1,000,000
971,000 V. 75. p. 344.
Southern Light & Traction Co
1,805,000
1,886,000 g^f S,?-g0 T
office,
1711
,
,
Central Fireworks Co.— Organization.— Incorporated in New
Jersey June, 1*96. Properties controlled, see V. 72, p. 341. Stock
authorized $1,750,000 each of common and
p. 0. cum. preferred;
outstanding common, $1,406,800; preferred, $1,267,200. No bonds.
Dividends on common: 2 p c. yearly paid Aug., 1900, to Aug., 1903,
both incl (F. & A.); none since to April, 1904; on pref., 7 p 0. yearly
to' Feb., 1904 (F & A.)
Checks are mailed President, William A.
Turner; Sec. and Treas., Geo. T. Egbert. Office, 9 and 11 Park Place,
Mew Vork.- (V. 78, p. 1500.)
Central Foundry.— Incorporated in New Jersey on July 11,
1899, and acquired manufactories of soil pipe said to control 95 per
cent of trade in the U. 8 V. 69, p. 178; V. 71, p. 1222 Stock,$7,000,000 each of com. and 7 p. 0. cum. pref., of which $350,000 of each is in
treasury par of shares $100. Report for year ending June 30, 1903,
was in V. 77, p. 247, showing: Profits, $665,449; bond interest,
$231,780; equipment, etc, $89,779; depreciation, $343,891; balance,
none. President. Alfred Fowle Jr.; Sec and Treas., W.L. Rogers.— (V.
71, p. 1222; V. 75, p. 292, 340; V. 77, p. 198, 247.)
Central Union Telephone (Chicago).—This company controls
the Bell Telephone business in Indiana, in Ohio with the exception of
Cleveland and Cincinnati, and in Illinois excepting Cook and four other
oounties. A majority of the stock is held by Anier. (Bell) Telephone &
Teleg. Co. Subscribers Jan. 1, 1904, 153,331. Stock outstanding Apr..
1904, $5,450,927. V. 73, p. 901. See V. 72, p. 1190; V 73, p. 618.
Of the $6,000,000 10-20-year gold consol. 5s due Jan. 1, 1919 (Old
Colony Trust Co. of Boston, trustee), $2,500,000 are reserved for 1st
6s subjeot to call at 105 after July 1, 1906 (111. Trust* Savings Bank,
trustee). V. 73, p. 446
V. 68, p. 379, 472, 570
V. 71, p. 86.
See
also adv. in Chron. of Mar. 25, 1899. Report for 1903 in V. 78. p. 341
(Dec estimated), showed: Gross earnings, $3,181,120; net, $754,948;
Int., $438,7^6; bal., sur.. $316,152.
Pres.. L. G. Richardson, Office
to be at Indianapolis.— (V. 76, p. 1190,1194,1251; V. 78, p. 341.)
Chesapeake 6c Delaware Canal.—Owns canal from Delaware
City to Chesapeake City, Md. In June, 1893, bondholders were asked
to accept 4 per cent interest (in place of 5 per cent) until contingent
fund, reduced to $49,613, should again amount to $100,000. Bonds,
$2,602,950 (extended in 1886); due July 1,1916; int. J <fe J. Interest
Is payable at the office in Philadelphia.
For year ending May 31,
1903, gross receipts were $136,308; maintenance of canal, $47,310;
net, $88,998; interest charges, $104,118; deficit, taken from contingent fund, $15,1 20. Stock, $1,903,238; par, $50. President, Joseph E.
Gillingham. Office, 528 Walnut St., Philadelphia.— (V. 77, p. 39.)
Chicago Pneumatic Tool Co.— Organization.— Incorporated
in New Jersey on Deo. 28, 1901, and took over the Chicago PneumatloToolOo.,Boyer Machine Co.of Detroit, Standard Pneumatic Tool
of Aurora, HI., etc.
Owns entire £300,000 stocfc Consol. Pneumatic
Tool Co. of London; V. 76, p. 379; V. 78, p. 1389.
StooR authorized, $7,500,000, all of one kind; outstanding, $6,032,900. Divs. 2 p. 0. quar., paid Apr., 1902, to Jan., 1903, both inclusive;
In June, 1903, 1 % p. c— tne deferred April dividend; July, 1 % p. c; Oct.,
;
;
;
;
:
INDUSTRIAL STOCKS AND BONDS.
174J
1% p. c; 1904, Jau.. % p. c, making 6 p. c. for
No further dividends ate to be paid, probably
V. 78, p. 104.
for a year at least. V.
the year.
Bonds, $2,500,000 first 20-year sold 5s, ($1,000 each) due Deo. 31,
1921; outstanding, $2,240,000, $60,000 having been redeemed by the
sinking fund; int. J.
J., at Nat. City Bank, N.Y. Central Realty Bond
Trust Co. of N. Y trustee. They are subject to call at 105 from
Jan. 1, 1907, or beginning Jan. 1, 1903, they may be drawn by lot at
the same price for a yearly sinking fund of $50,000. V. 74, p. 208.
Report.— Report for year ending Deo. 31, 1903, with balance sheet,
was In V. 78. p. 1389, showing: Net profits, $701,464; int. on bonds.
$115,000;|sink. fund, $500,000; dividends (6 p. c), $361,980; bal., written off for depreciation, bad debts, etc.. $174,484.
Officers.— Chairman of Board, J. R. McGinley; President, J. W.
Duntley; Vice-President, W. O. Duntley; Secretary and Treasurer, 8.
W. Prince. Executive Committee, J. w. Duntley, Chas. M. Sohwab, J.
R. MoGinley. Directors (Sept., 1903), V. 77, p. 771; V 78, p. 50.
General office, Fisher Building, Chioago; N. Y. offloe, 95 Liberty St. (V. 78, p 104. 345, 1389, 1394, 1448.)
Compressed Air Co.-See 8cpp. for July, 1902; V. 78, p. 1448.
Consolidated Lake Superior Co. —Chartered in Connecticut,
under special Act May 18, lh97. V. 72, p. 938; V. 68, p. 1075; V. 75,
p. 685. Owns directly or through Its ownership of the Ontario Lake
Superior Co., all the capital stock of the various corporations centering about Sault Ste. Marie, Canada. (See list In Sdp. of Jan., 1904.)
The plants inolude: Bessemer steel works and rail mill wich capacity
for producing about 500 tons of rails per day; two blast furnaces of
about 400 tons dally oapaoity; by-product charcoal plant of 20 retorts
and 56 bee-hive kilns: Helen Iron ore mine; 106 miles of railroad completed and in operation; 9 ore, freight and passenger steamships,
nickel and oopper mines and smelters, ferro-niokel roasting plant, sulEhurous aoid works; machine shops, forge, iron and brass foundry, carullding shops, two saw-mills of 160,000 feet dally capacity, veneer
ground wood pulp mill of dally capacity of 100 tons;
mill;
aulphite pulp mill of 60 tons dally capaoity, water works and eleotrio
light plant; two eleotrio street railways; two water-power canals of
60,000 and 20,000 horse-power. See also V. 76, p. 656, 1410; V. 77, p.
193. On 8ept. 28. 1903, John G. Carruth of Philadelphia was appointed receiver. V. 77, p. 771, 825.
Reorganization Pl\n. The Ontario Legislature having voted in
April, 1904, to guarantee $2,000,000 notes to aid in the reorganization, conditional upon the payment of all existing debts, it was proposed to carry ou'j the plan formulated in Oct., 1903, Jby the Moffly
committee (Fidelity Trust Co. of Philadelphia, depository). This plan,
given in V. 77, p. 1296. provides for the formation of a new company,
to be known probably as the Lake Superior Corporation, which will
issue $40,000,000 stook in $100 shares, all of one class, $l0,0u0, 000
first mortgage 40-year 5 per cent gold bonds and $3,000,000 income
5 p c. 20 year gold bonds. The plan provides about $1,000,000 for
&
,
f
working capital.
The $2,000,000 notes to be guaranteed by the Ontario Government
will be issued by the Canadian Improvement Co., and will be seoured
by pledge of $2,000,000 first mort. bonds of the Algoma Central &
Hudson Bay Ry. (V. 75, p. 683; V. 77, p. 193, 1532), and of $2,000,000
of the bonds of the new Lake Superior Corporation. The notes will
probably be dated May 1, 1904, and mature May 1, 1906; Interest rate
4 to 5 p. o.
Terms of Exchange —Stockholders are offered the right |to do any
or all of the following (1) To pay assessment on stook; (2» to join in
underwriting; (3) to purchase first mortgage bonds at 70 p. c, with
30 per cent stock bonus, on following basis
:
Pay
Stock holders—
1.
2.
3.
If paying assessment—
And receive
,
cash.
Stock.
Per $100 old common
$25 00
$3 00
Per $1 00 old preferred
3 00
50 00
If underwriting $1,000—
i* stook paysassessm't.. 812 50 2,562 50
a If
6 If all stook pays as8essm't.625 00 1,000 00
J/ subscribing for new bonds.... 700 00
300 00
1st M.5s.
None.
None.
.
Inco'es.
$3 00
3 00
$892 87 187 50
892 87 None.
1,000 00 None.
Stock.— Stock authorized, common, $32,000,000; outstanding April,
1903, $74,070,600.; pref., 7 p. o. non-oum $35,000,000; outstanding,
$28,452,400. See V. 76. p. 50; V. 77, p. 629.
Bonds.— Underlying jbonds, »1,013.572, additional to $3,500,000
Mich. Lake Superior Power 1st 5s, shown in table on a preceding page,
see V. 77, p. 771, 193, and V. 76, p. 682.
Report.— Report for the year ending June 30, 1902, was given at
length inV. 75 p. 682. ^estimated earnings see V. 77, p. 193, 1532.
President, Cornelius Shields; Vloe-Pres., Edward H.Sanborn; Treas.,
A. H. Chitty. New directors, Jan., 1903, V. 76, p. 50, 215. Office, Sault
Ste. Marie, Ontario. V. 77, p. 2342; V. 78, p. 105, 990, 1169, 1500.
,
&
Cumberland Telephone
Telegraph.— Organized In Kentucky in 1883, and operates under perpetual and exclusive lioense
from American Bell Telephone Co. through the entire States of Mississippi and Louisiana, the greater parts of Tennessee and Kentucky,
and a few counties in Indiana and Illinois- Am. (Bell) Telep. & Teleg.
Co. owns $5,176,500 of the stock. Subscribers Dec. 31, '03, 103,744.
The stockholders in Jan., 1903, Increased the authorized stock from
$10,000,000 to $20,000,000, to provide for extensions and improvements, $2,339,075 of the new stock being subscribed for at par by
stockholders, payable on Feb. 2, July 1 and Oct. 1, 1903, and Jan. 2,
1904, making outstanding $11,695,375. V.76, p. 50.
Dividends.— From 1892 to 1897, both Inclusive, 4 p c; 1898, 5; 1899,
6; 1900, 6; 1901 to Apr., 1904, 7 per an. (1% p. o. quar.)
Bonds. - These consist of $850,000 first 5s (see table above); $239.000 20-year deb. 5s (int. F&A), due Feb. 1, 1920, but redeemable at
par, issued for purchase of People's Telephone Co. of New Orleans;
$150,000 East Tennessee Telephone gold 6s (int. J&J). due July 1,
1918. and $16,000 Ohio Valley Tel. gold 6s (int. J&J), due Jan 1, 1908.
Earnings.- Report for year 1903, in V. 78, p. 817, showed: Gross,
$3,480,042; net above fixed charges, $1,040,092; dividends (7 p. o.),
$766,383; balance, surplus, $273,709.
General offioes, Nashville,
Tenn.— (V. 76, p. 50, 161, 379; V. 78, p. 704, 817.)
Denver Gas & Electric Co.—Organization.— Incorporated In
Apr., 1899, as a consolidation of the Denver Consolidated Gas and
Denver Consolidated Electric Companies. Stock, $3,500,000; outstanding, $U,250 000; par, $100. Reorganized in 1903 per plan, V. 76,
p. 812.
585.
Bonds. -Prior lieu 15-year gold 6s, due April 1, 1918, $1,000,000
($1,000 each), all outstanding, subjeot to call at par after 5 years, int.
A.&O.; Bankers' Trust Co., N. Y., trustee. General mortgage gold 5s,
$8,000,000 authorized, of which $2,580,000 outstanding ($1,000 each)
dated May 1, 1903, due May 1, 1949, but subjeot to call on May 1,
1908, at par, May, 1909, at 101, May, 1910, at 102, May, 1911, at 103,
May, 1912, at 104, and May, 1913, or any Interest day thereafter, at
105; int. M.&N.; Trust Co. of Amerioa, trustee. Of the general 5s,
$3,260,000 are reserved te retire underlying bonds (lnoludlng the
$1,000,000 new prior liens).
Underlying bonds, viz.: $1,600,000 Denver Consol. Gas 20 year gold 6s, due
Nov. 16, 101 1. Int. .I.-.I, at Atlantic Trust Co., N. V., suojoot to call at 105; $45,000 Denver Consol. «old deb. 6s. duo Oct. 1, OH: $5H0.0
Denver Consol. Blec.
1st gold 6s, doe Jan. 1. 19in, subject to call; Holllns Investment Co. of Denver
is trustee, Int. 3.-3.. at Chemical Uank, N. Y.; $lttO,<H)0 Western Electrical Construction Company 1st wold cis, due October 4, 1915. Int. A.-*., at Mercantile
Truit Co., of Boston, subject to call at 10H after 1895.
Chairman, Emerson MoMlllin, 40 Wall St., N. Y.— (V. 78, p. 1170.)
Denver Union Water.— A consolidation Oct., '94. Franchises
run until 1910. Owns the water supply of the city of Denver, Col.,
and vicinity. Capital stook is $5,000,000 common and $2,500,000 of
St-e V. 78, p.
5 per cent non-cumulative preferred. Bonds, $8,000,000. The South
Platte Canal
Reservoir Co., whose stook is all owned, completed a
new reservoir In 1901, its $4,000,000 five per cent bonds to be guaranteed; the latter are subjeot to call at 105, between April 10. 1910,
and April 9, 1911. V. 78, p. 231, 289. Litigation, V. 77, p. 198.
President, W. S. Cheesman; Treasurer. D. H. Moffat.— (V. 78, p.|289.)
Detroit City Gas.— Organized in March, (1898, and owns all the
gas properties in Detroit, Mich. Hasja franchise till 1923 from the city.
City ordinance of Dec, 1901, raduoing the price of gas to 70 cents,
was never enforced. V. 73. p. 1266.
Stock. Authorized, $5,000,000, $4,825,500 outstanding; par. $50,
Dividends, 2*s p. c. Nov,*99; 1900, 5 p. c; 1901, May, 2*2 p. c; in 1903,
5 p. o. ($241,275) in 6 p. c. ctfs. of indebtedness, due June 15, 1906;
int. J.&D.15 at Emerson MoMlllin <fe Co.
Bonds.—The prior lien mortgage is for $6,000,000, of which $397,000 to retire the $381,000 Det. Gas 5s, not yet exchanged, and
$16,000 income 5s. Prior lien bonds are subject to call at 110. Of the
gen. 5s of 1903 ($10,000,000 authorized issue. Equitable Trust Co. of
N. Y., trustee.) $6,000,000 are reserved to retire the prior liens; pres-
&
78, p. 1448.
&
[Vol. lxxviii.
ent Issue, $500,000; Nos. 1 to 1,000 mature $100,000 yearly from July
1, 1913, but are subject to call at par; If called, holder may take in
lieu of oash new bonds maturing July 1, 1923, subject to call at 105;
balance mature July 1, 1923. V. 77, p. 253; V. 78, p. 822.
Report— For calendar year 1903. gross, $1,376,388; net. Including
other income, $797,507, against 9605,211 in 1902; int. on bonds, etc,
$321,472; bal. for stock, $386,035. V. 78, p. 822.
Officers.— President, Emerson MoMillin, New York; Gen. Man.
Irvin Butterworth, Detroit, Mich.— (V. 77, p. 253; V. 78, p 822.)
Detroit lylacklnac
& Marquette
It It.
Land Grant.—Under
the reorganization of the Det. Ma ck. & Marquette R. R., foreclosed
Oot., 1886, the holders of the land grant Income bonds retained their
lien on the lands along the line of the road in Northern Miohlgan. See
V. 76. p. 751.
The bonds are due Oot. 1, 1911, int. payable Apr. and
Oct. as earned, at not nxceeding 7 p.c yearly; outstanding, $1,775,000;
of thebonds $1,001,000 purchased in 1903 and 1904.
V. 77, p. 173,
1871, 2035, 2280.
From Oct., 1892, to Apr., 1902. 2 Der cent interest was paid (1 p. c.
each in A & O) at Central Trust Co., N. Y.; in Oot., 1902, to Apr.,
1904, t oth lncl.. 3*2 p. o each (A. & O.) See report Feb., 1879. to Jan.,
1900, V. 70, p. 684. In Aug., 1902, sale was arranged for $1,250,000
of 1,000,000 acres [reserving for the bonds mineral rights in Marquette County], of whion $750,000 has been paid and $500,000 balance is payable in equal amounts on June 1, 1904. and June 1, 1905,
with Interest at 5 p a This left unsold Oct., 1903, 188,857 acres,
besides mineral rights on 89,747 acres. V. 77, p. 91.
In Mar., 1903, a protective oommittee, Jefferson M. Levy, 20 Broad
St., Chairman, requested deposits. V.76, p. 707, 751; V.77,p.253, 1873.
Statement for period from Jan. 1,1902, to Oot. 1, 1903, was in y.
77, p. 8171. (V. 77, p. 1871, 1873, 2035. 2280; V. 78, p 702, 1275.)
Dominion Coal
Co.,
Limited.— Organization.—Incorporated
in 1893. Common stook, $15,000,000; pref. stook and bonds, see
table on a preceding page.
The lease to the Dominion Iron
Steel Co. madeln 1902 was annulled as of June 30, 1903, the Coal Company paying $2,380,000 oash
to the Steel company for advances, etc. To provide the money a two
years' loan was arranged, prior to the maturity of which it is expected
to re-arrange the finances of the company by retiring the present bond
issue and preferred stock through a new bond issue. V. 77, p. 2342.
As to new contract for supply of coal to the Steel Company, expiring
1992, see V. 77, p. 772. 826; V. 78. p. 1117; contract with Mass. Gas
Companies, V. 75, p. 1257. Cape Breton real estate debentures and
Dominion rolling stock debentures, $247,217 each.
Output calendar year 1903, 3,147,766 tons; in 1902, 3,374,227 tons.
Divs. on pref. paid in full to Jan., 1904, inol. (4% J. & J.) On common stock 4 p.c. Oct. 1,1902; Jan. 1903. 2 p.c; Apr., 2 p.c; July 2 p.c;
in Oct., 1*2 p. c; 1904, Jan., 3 p. o. V. 77, p. 1296, 2392.
Report at length was given in V. 78, p. 1117, showing net earnings
of $1,756,024 In 1903, against $2,154,956 in »0J. Total Income for
1903 (inoluding $800,000 rental received for first half), $1,726,407;
int. on bonds, sink, fund, etc, $274,350; div. on pref. (8 p. c), $240,
000; dlv. on common (7 p. c), $1,050,000. bal., sur., $162,052.
President. James Ross, Montreal.
Directors Mar., 1904, V. 78, p
1112.— (V. 78, p. 1 1 07, 1 1 1 7.)
&
Dominion Iron
Ac
Steel
Co.— Organization. —Organized under
the laws of Nova Sootia on June 17, 1899; is building iron and steel
works at Sydney, Cape Breton, to have, it Is said, a daily oapaoity of
1,000 tons of steel. In June, 1902, six of the ten steel furnaces were
in operation. V. 74. p. 98; V. 70, p. 1051; V. 73, p. 661, 959. See prospectus V. 72, p. 583. A rail mill, 400 tons dally capacity, and three
other mills were under construction during 1903. V. 76, p. 215.
The plant will have 800 coke ovens. V. 76, p. 544. V. 77, p. 149.|
In Dec, 1903, the lease of the Dominion Coal Co. was canceled and
the floating debt largely reduced by cash received from the latter.
The proceeds of the $1,500,000 second mortgage bonds subscribed for
at par will be used to complete the mills under construction and other
improvements. V. 77, p. 772, 826, 2342; V. 78, p. 1394.
Stock.— Common, $20,000,000, all Issued; $5,000,000 being sold
May, 1902, at $60 per share; par $100. Seven per cent cumulative
preferred stock, ($5,000,000) subjeot to call at $115 per share or convertible Into common stook, at holder's option. V. 72, p. 778; V. 74,
p 530. Bounty decision, V. 75, p. 14o2; V. 77, p. 149.
Div. on pf., 3ifl p.c, Oct 1, 1901; In 1902, 7 p. c (A.&O.); 1903, Apr.,
3*2 p. c; the Oot., 1903, dividend was passed. V. 77, p. 826.
Bonds.— Trustee of 1st mort., Nat'l Tr. Co. of Ontario, Montreal, Can.
Bonds may be purchased or called (drawn by lot) at 110 and inerest for sinking fund or in such amounts as may be desired on July
1 yearly. V. 71, p. 1122. The $2,500,000 second mortgage 6 per oeut
bonds (of which $1,500,000 were sold at par) mature $250,000 yearly
on Oct. 1, beginning 1905. V. 76, p. 1241, 1357, 1410; V. 77, p. 149.
630, 826.
Report.— Fiscal year now ends Deo. 31. Report for 8 months ending
Deo. 31. 1902, in V. 76, p. 1140. President, J. H. Plummer, Montreal;
Vioe Presidents, Frederic Nicholls and L. J. Forget, Montreal. Directors, May, 1903, V. 74, p. 832; V. 76, p. 1087; V. 78, p. 105.-(V. 78, p.
105, 1112, 13s*4.)
Edison Rlectrlc Illuminating Co. of Boston.— Organization.— Incorporated in 1886.
In 1903 controlled entire eleotrio light
business of city. V. 75, p. 1251; V. 76, p. 1251, 1303
Stock.—Stockholders subscribed to $863,600 new stook pro rata at
$200 per $100 share, payable Aug. 3, 1903, raising amount outstanding
V. 76, p. 1251. In July, 1903, the company was
to $9,499,100.
authorized to issue $2,000,000 new stook at $200 per share for Improvements and acquisition of suburban properties. Of the latter.
$950,000 was ottered pro rata to Jan. 15, 1904, payable 25 per cent on
Feb. 1 and 75 p. c. on May 3, 19G4. V. 77, p. 149, 1743, 2392.
Dividends.— In Feb., 1901, 3 p. c, including lpo. extra; May,
1901 to May, 1904, both inclusive, 10 p. c yearly (paid Q.-F.)
Bonds.— Bonds are $293,000 Boston Eleotrio Light 1st 6s (Int.
M.&S.) due Sept. |1, 1908, $957,000 first oonsol. gold 5s (authorized
issue $1,250,000) due Sept. 1, 1924, $42,000 ,Milton Light & Power 5s,
due 1917, and $50,000 Sotnerrtlle Elec Light 5s, due 1913.
Report.— Report for year ending June 30, 1903, in V. 77, p. 1743:
Oross.
Net. Other inc. Interest. Divid'ds. Bat., sur.
Tear.
1902-03... $2,667, 809 $984,724 $32,502 $lol,303 $804,668 $61,255
1901-02... 2,460,158 949,731 25,981 132,269
727,345 116,098
Officers.— President, Charles L. Edgar; Treasurer, Henry B. Cabot.
Offloe, 3 Head Place, Boston, Mass.
(V. 77, p. 2392; V. 78, p. 991.)
J
Apr., 1904.
INDUSTRIAL STOCKS AND BONDS.
J
Electric Boat Co.— Organization.— Incorporated in New Jersey
on Feb. 25, 1899, and acquired all of the capital stook of the
Electric Launch Co., the Holland Torpedo Boat Co. and the ElectroDvnamio Co.. etc. V. 69, p. 697, Par, $100. Issued, common, $4,999,Div.on pref.,
V. 69, p. 697.
600; pref. 8 p. o. non oum., $2,577,500.
2p. o. quarterly, paid Oct., 1903, to Apr., 1904, both lncl. President,
I L. Rice. 100 Broadway.-(V. 71. p. 32, 1271; V. 77, p. 513.)
Electric Co. of America.— Organization.— Incorporated in Jan..
1899 in New Jersey. V. 68, p. 85. In 1899-00 purchased control of
V. 74, p.
See list, V. 70, p 943
electrlo light planta in several cities
325; V. 73, p. 238, 289. 495. Stock, $5,000,000, of which $4,078,780
issued; par of shares, $10 eaoh, to be olianged to $50. V. 77, p. 1 296.
On July 2i. 1902, the remaining $2 50 per share was paid In,
making the stock full paid, an extra dividend of $1 50 per Bhare
being paid at the same time. V. 74, p. 777. 832. 1310. The only
bonds are $84,000 Canton (O.) Light, Heat & Power Co. 6s, $308,000
Auburn (N. Y.) gold 5s and $100,000 Soranton Illuminating, Heat
Power 5s, due M»r. 1, 1923, but subject to call after 1913. V 73 p.
;
&
238 495 1088.
Dividends —50 cts. per share, each paid July, 1899. to Jan. 21,1901,
inolusive (J. -J); July 31. 1901, 25 cts.; Jan. 31, 1902, 25 cts.; July 15
1902, (extra dividend) $1 50 (see above); Aug. 18, 1902, 25 cts.; Jan
31,1903, 30 cts.; Jan. 2". 1904, 30 cts. Status Apr 1903, V. 76, p«
921. In 1903, net earnings were reported as $398,979: dlv. (60
cents per share), $244,716; baL.sur., about $154,263. Reportfor 1902
was in V. 76, p. 1190. showing total net income, $352,479, against
$480,186 in 1901; dividend* paid, $203,979; bal., sur.. $148,500.
Officers.— President, A. Loudon Snowden; Vlce-Prest., John H.
Catherwood; 2nd Vlce-Prest.. H. T. Hartman; Sec. & Treas., Frank B.
Ball. Directors, V. 74, p 886. Office, Land Title Bldg., Phila.— (V. 75,
p. 293; V. 76, p, 161, 921, 1088, 1190; V. 77, p. 198, 300, 1296.)
Empire Steel Ac Iron Co.—Incorporated in New Jersey on March
14, 1899. V. 68, p. 524.
Dividends at rate of 6 p. c. per annum paid July 1, 1899, to July 1,
1900; 1901 to Jan.. 1903, 3 p. o. yearly (J.& J.); July, 1903, 2 p. c;
1904, Jan., 1 p. o.
Report.—Report for year ending Deo. 31, 1903. was in V. 78, p. 1390,
showing net earnings (over $79,878 charged off for depreciation),
$30 -.651; imp'ts charged off, $196,846; dividend (3 p. c.) on pref.,
$75,000; bal., sur.,|$36,804; total surplus Dec. 31, 1903, $165,443.
President, Leonard Peckitt, Catasauqua, Pa.; Sec, J. M. Fitzgerald,
Catasauqua, Pa. New directors. Feb., 1903, V. 76, p. 482. -(V. 76,
p. 1353,1357.1410; V. 78, p. 60, 705, 1390.)
-
,
Equitable Illuminating: Gas Light Co. of Philadelphia.—
Organized in 1898 by United Gas Improvement Co., which owns a
majority of the stock, to operate the gas works leased from city of
Philadelphia. See full particulars In V. 66, p. 426. Common stock
Issued, $3,125,000 preferred stock, 4 per cent for first year and 6 per
oent thereafter, $3,125,000. Sinking fund of $124,000 yearly is to re
tire bonds at 105; and beginning in 1908 the Improvement Co. agrees
to oreate a sinking fund to retire the stock in 1928, when the property
Is to revert to the city. Lease may bo terminated by oity in 1908 on
;
making certain payment.
Dividends.
)
Common, per
cent. >
1898.
1899.
1900.
4
4
6
6
6
6
1901.
6
6
1902.
6
1903.
6
6 (J.&D.)
6
Preferred, per oent )
-( V. 74, p. 270; V. 75. p. 1256; V. 77, p. 253, 1535, 2161.)
Fisheries Co.—Organization.— Incorporated in New Jersey on
May 25 as a reorganization of the American Fisheries Co. (see V. 66,
Stock, authorized,
p. 132) per plan in V. 70, p. 1050; V. 70, p. 1052.
common, $1,000,000; outstanding, $532,868; pref., 7p o. non-oum.
$2,000,000, all outstanding; par of shares, $100. Annual dividend
on preferred, 7 p. o., paid Jan. 10, 1903. V. 75, p. 1149. Bonds, $500,000 first mort. 5-year 6s, subject to redemption by annual drawings
from profits above interest, div. on pref. and 5 p. c. on common stock.
Report for year ending Deo. 31, 1901, in v. 74, p. 984, showed:
Gross, including other income, $777,408; total net Income, $27,770;
Interest on bonds, $30,000; loss moving Port Arthur plant, 835,967;
bal.. def., $38,196. In 1900, gross, $747,727; net. $143,379.
Directors: Nathaniel B. Church. Thomas P. Gooabody, L. E. Warren, Thomas F. Price, Thomas F. Wbodloch and Robert Goodbody.
First div., 3>«p. o. on pref., Jan., 1901.-(V. 75. n. 1149; V. 78. p. 586.)
Fort St. Union Depot (Detroit)— See Sotplem't of April, 1897.
Great Lakes
Towing Co.— Organization.— Incorporated in New
Jersey on July 6, 1899, as a consolidation of towboat companies along
the Great Lakes. See V. 69, p. 79, 593; V. 72, p. 778. Stock authorized, common, $2,500,000; pref., 7 per cent non-cum., $2,500,000. Issued Apr., 1901, $1,675,000 common and $1,852,850 preferred. Par
of shares $100. In 1900 7% div. on pref. was paid; in 1901, Feb. and
May, none; Aug., 1901. to May, 1902, 7 p. o. yearly (Q.-F. 20); none
slnoe to Apr., 1904, Pres. and Treas,, Edward Smith, Cleveland, O.
—(V. 73,
p. 187.)
Havana Tobacco Co.—Organization.— Incorporated in New
Jersey on May 28, 1902, and acquired per plan V. 74, p. 1142 control of
the Havana Commercial Co., Henry Clay & Book & Co.,Lim., H. de
Cabanas y Carbajal and J. S. Murlas y Ca. Controlled by the same interests as the American and Continental Tobacco companies.
Stock, common, $30,000,000; pref. 5 per oent non-cum., $5,000,000,
all outstanding: par of shares. $100. Bonds, $10,000X00 twenty -year
gold 5s, of which $2,500,000 to remain in treasury— (V. 76, p. 1249.)
Herrlng-Hall-Marvln Safe Co.— Organization.— Incorporated
In New Jersey on Aug. 3,1900, as successor Deo. 20, 1900,per plan in
V. 68, p. 232, and V. 70, p. 689, of Herring-Hall-Marvin Co. V. 71,
p. 238. Stock, common. $1,650,000; 7 per oent non-oum. 1st pref.,
8600,000 and 7 per cent non-oum. 2d pref., $1,050,000; par of shares,
$100. Gold debenture notes, $230,000 of 6 per cents. V. 78, p. 1395.
Balance sheet of Deo. 31, 1903, in V. 78. p. 819. Pres.. H. A. Tenney.
iMreotors, Feb.. 1904, V. 76, p. 432. Office, 400 B'way, N. Y.— V. 76,
(
p.
432; V.
78,
p 819,1395.)
International Automobile Ac Vehicle Tire Co.— Organization.— Incorporated In New Jersey in April, 1899; factories are at
Chelsea and Newton, Mass. (see V. 68, p. 772). Stock authorized, common, $1,500,000; pref., 7 p. c. cum., $1,500,000; par of shares, $1 00
each. On Mar 1, 1900, $2,368,000 stock had been Issued. Bal. sheet
Mar. 1, 1900. V. 70, p. 999.— (V. 68, p. 772; V. 70, p. 999.)
International Nickel Co.— Incornorated In New Jersey Mar. 29.
1902. and acauired control of Canadian Copper (& Nickel) Co., with
plant at Copper Cliff, Ont. (new plant, V. 77, p 952); Nickel Corporation of London, with mines at New Caledonia, and the Orford Copper
Co. of Bayonne, N. J., American Nickel Co. of Camden, N. J., with
their subsidiary oompanies. In DeCy 1902, control of the Nickel Corporation of London was acquired. V. 75, p. 1205, 1257.
Stock
Bonds.—Stock authorized, $12,000,000 each of common
and 6 per cent non-oum. preferred; outstanding, $8,741,505 of each.
Bonds, $12,000,000; 1st gold 5s, due Apr. 1, 1932; subjeot to call at
110; int. A &O at N Y. Security & Trust Co., trustee; outstanding,
$9,903,440; present issue to be $10,000,000.
Report.— Report for year ending Mar. 31, 1903, in V. 76, p. 1190,
showed total net Income of constituent cos. (excluding two in New
Caledonia), $1,009,393; int. on bonds, $450,244; bal., sur , $559,149.
Officers—Chairman of board, Robert M. Thompson; President,
Ambrose Monell; Sec, Stephen H. P. Pell; Treas., James L. Ashley.
Directors in 1902. V.74.p.730. Office. 43 ExohangePL, N.x.— (V. 75,
p. 257; V. 76, p. 1190; V. 77, p. 952, 1297.)
&
International Power Co.— Organization.— Incorporated in
New Jersey on Jan. 14, 1899. Owns American Wheelock Engine Works
of Worcester, Mass., and Corliss Steam Engine Works of Providence, R.
V. 68, p. 671; also on April 30, 1902, $3,211,300 preferred and $661,-
I.
1743
300 American Locomotive Co. common stock and $75,425 eaoh of 00mmon and preferred American Diesel Engine Co.
Stock, Etc.— Common stook authorized, $7,400,000; outstanding,
$5,047,000; pref.,6p.o. oum., $600,000; par of shares, $100. Firstmort.
bonds,|4s^$20O,000, were issued in 1899 on property since sold (see
Am. Looomotive Co.), and $140,000 mortgage on Corliss plant.
Dividend on pref., 6 p. 0. for 1899, was paid March 15, 1900; on May
15, 1901, 6 p. 0. for 1900 and l^a p. 0. for first quarter of 1901; 1902,
May, 6 p. 0. and^^ p. 0. for first quarter of 1902. First dividend on
common
2*a p. c, paid
May
20, 1902.
See statement, V. 70, p. 432.
Report.— For year ending Deo. 31, 1901, with balance sheet of
April 30, in V. 74, p. 1132, showed total net Income (Including interest
on Amer. Locomotive stook owned, etc.). $292,796; interest. $47,828
dlv. on pref. stook (6 p. 0.), $36,000; baL, sur., $209,468. Pres., Josenh H. Hoadley, 78 Broadway, N. Y. Directors, June, 1901, V. 72, p»
1240.— (V, 76,
p.
333, 385; V. 78, p. 345.
New Jersey.— Property consists of
seven iron steamboats. Incorporated In New Jersey in Aug., 1902, as
successor, per plan V. 74, p. 778, 887, to the New Jersey company o*
the same name, foreclosed Aug. 6. If 02. V. 75, p. 293, 397.
For year ending Oct. 31, 1903, gross receipts were $341,523; operating expenses, $156,432; construction and repairs, $95,986; terminal
charges, $16,218; interest on bonds, etc., $27,815; bal., sur., $45,072.
Stock.$400,000; par of shares, $10 eaoh; outstanding, $292,790. Bonds
are $100,000 prior lien 30-year 5s (given for assessment of same
amount on the old bonds) and $500,000 gen. or 2nd 30-year 4s, all
redeemable at par. Bonds may be called yearly for sinking fund.
See V. 74. p. 778. President, Allan C. Washington.— (V. 77, p. 2101.)
Journeay Ac Burnham.— See plan. V. 70, p. 1293; V. 74, p. 580.
Kansas City, Mo., Gas Co.—Organized In April, 1897, In Missouri and acauired all the property, franchises, etc., of the Kansas City
Gas and Missouri Gas Co*s. Capacity of 4,000,000 cubic feet a day.
Capital stook. $5,000,000: par, $100. Bonds outstanding, $4,087,000
gold 5s, due April 1, 1922, subject to call at 105. Interest is payable
A. & O. at N. Y. office of Guaranty Trust Co. or M. & N. In London.
Report for year ending April 30, 1903, V. 76, p. 1405. Net, $386,943;
Int, $197,114; bal., $189,829. Pres., Hugh McGowan.— (V.76, p. 1405.)
Madison Square Garden.— Owns in fee a block of land in New
York City and building thereon. Stock, $2,000,000 (par, $100).
Bonds.— $1,250,000 first 20-year gold 5s, due Nov. 1, 1919, and
$750,000 2d gold 6s; last coupon paid on latter being that of Nov.,
1896, in Feb., 1897. Merc. Trast Co. of N. Y., trustee. Second mortgage bondholders' committee: F. K. Sturgls and W. C. Gulliver deposIron Steamboat Co. of
;
Morgan & Co.— V.
65, p. 620.
Directors (Oct., 1902) F. K. Sturgis, J. Pierpont Morgan, D. O.
Mills, Charles Lanier, H. H. Hollister, W. F. Wharton, Stanford
White, W. C. Gulliver, James T. Woodward, Frank W. Sanger and
James C. Young.— (V. 67, p. 690; V. 68, p. 85; V. 71, p. 137.)
itory, J. P.
:
Manhattan Beach Hotel
Land (Limited).— Owns thereat
Ac
and premises known as Manhattan Beach, with the Manhattan Beach and Oriental hotels, music amphitheatre, fireworks
enclosure, bicycle traok and other buildings, 446 acres of land,
Stock, $2,000,000, of which $500,000 is preferred 5 per cent
<fcc
estate
non-cumulative preferred outstanding, $500,000. Bonds, $1,500,000 general gold 4s, due Nov. 1, 1940; int. M. & N.; Central Trust Co.
of N. Y.. trustee. Commencing with May, 1894, four years' coupons
were funded into 10-year scrip. A few of the coupons have not yet
been funded. N. Y. office, 192 Broadway.— (V. 62, p. 869.)
;
Manufacturers' Light
Heat Company, Pittsburgh.—
Ac
Organization. -Incorporated in Penn. on Nov. 28, 1899. Owns
448,976 acres of gas lands, of which 338 000 not yet drawn upon in
Jan., 1904. In Dec, 1903, new trunk pipe line extension into West
Virginia was completed. V.76, p. 252; V. 78, p. 986.
Stock. Stook authorized $25,000,000, as increased June, 1903; outstanding, $21,000,000; par of shares, $50.
Dividends.— First quarterly dividend, H» p. c, paid July, 1903, Oot.
lis p. c; 1904, Jan. 20. 1*q p. c; Apr. 20, 1 p. c.
Intereit.
Outstand'g.
Date.
Maturity.
Bonds.—
1
Ft. Pitt
Gas
1
Bt
M
,
g, due $100,000
vearly ($1,000 ea.)
M
W
U.Pl
"I
1
f
1900
Mtllon
To June 30,' 11
$800,000
& Sona' Bank, Pittsburgh.
J
6
$50 OOO' veariv
&o eachf
fsfeoo- 1
5
.'
500b00
6gJ30&D
Int. at T.
190 °
ff^u^OO-^ 1903
Int
m%0
New mortgage, $$6,500,-
6
lnth at
*• J&
$550,000 To Jan., 1 915
Unlon Trust Co - Pittsburgh, Pa.
6g.-F&A $1,657,000 ToFeb.,1916-
Tr Co " Pitt8burgh - Pa1903 5 g.-M&N $6,468,000 To May, 1918
000, g. V. 76. p 1252 S Int. at Union Trust C, Pittsburgh.
Wheeling coll. bus. (several series) are subjeot to call from 02 to 105.
Report —Report for calendar year 1903 in V. 78, p 986. showed
gross earnings. $4,500,000; net, $2,676,087; surplus over 6 per cent
on stook, bond Interest and retirement of $202,000 bonds, $1 011.741.
Officers —President, H B. Beatty; Secretary and Asst. Treas.,
H. E. Seibert; Treasurer, E. H. Myers. Orfloe, Farmers' Bank Bldg.
Fifth Ave. and Wood St., Pittsburgh, Pa.— (V. 78, p 986.)
Marsden Company.—Incorporated in February, 1897, to manufacture products from cornstalks— see V. 65, p. 235, for uses of product.
OOOyear'lf
ea'h) 5
'
at Colonial
-
)
1
Common
stock authorized, $35,000,000; outstanding, $33, 962,200.
Pref. stook. 6 p. 0. cum., authorized, $15,000,000; issued, $1,547,000.
Report 1903 in V. 78, p. 767. In Dec, 1903, sold majority interest in
International Smokeless Powder& Chemical Co., receiving in exchange
*2,565,00O Dupont International Powder Co. 8 p. 0. preferred stook
(oum. as to 5 p.
and *120,000 collateral trust 5 p.
bonds; of the
preferred stook, $500,000 was sold for 8400,000. Most of Marsden
pref has been exchanged for Dupont pref. on basis of two-thirds in
amount of Dupont stock. V. 77, p. 2393; V. 7*. p. 767. Owns entire
stock of American Milling Co., with plants at Riverdale, Chicago and
Peon a. V.?74, p. 35, 1354; V. 78, p. 767. President, E. G. Buokner.—
(V. 77, p. 2393; V. 78, p. 290, 767.)
)
Monongahela River Consolidated Coal
Ac
Coke Co.—
River Coal Consolidation.")— Incorporated in Penn. in June, 1899, to
consolidate coal Interests along the Monongahela River, and coal trafOrleans, etc., including 200 steamers and 4,000 coal
tto to New
boats and barges, and coal elevators, etc
Owns between 36,000 and 37,000 acres of coal.excluslve of surface. See constituent
taken over Oct. 2, 1899, V. 69, p. 1065; pee also V. 72, p.
concerns
876, 939; V. 74, p. 99. In May, 1901, purchased eleven- twelfths of
stock of Corona Coal <fe Iron Co., owning about 20,000 acres of coal
lands In Walker Co., Ala. V. 76, p. 264. Corona Coal & Iron guaranteed bonds V. 78, p. 1278.
In Sept., 1903, the Pittsburgh Coal Co. agreed to purchase not exceeding $15,000,000 of the $20,000,000 common and $2,500,000 of
the $10,000,000 preferred stock at $15 and a 45 per $50 share, respectively. The two properties will be operated under their own charters.
V. 77, p. 630, 774, 1297, 1750.
Dividends on pref., 7 p. 0. yearly, July, 1900, to Jan., 1904; (J.-J).
A sink\ng fund of 5 cents per ton of 1^ inch coal mined and shipped
will retire bonds annually about Dec. 1 if purchasable in the open
market at a reasonable price; to Nov. 1, 1903, $650,000 were canceled.
Report for period ending Oct. 31, 1903, with balance sheet, was in
V. 78, p. 285, showing undivided profits over all charges and dividends on pref. of $921,572; total surplus Oot. 31, 1903, $1,958,669.
President, F. L. Robbin«; Treas., Geo. I. Whitney, Pittsburg. Pa. Directors, 1903, V.76, p. 269; V.77, p.1750.— (V. 78, p. 285, 1278.)
Montreal Ltgbt, Heat Ac Power Co.— Organization.— Incorporated by special Act ot Quebeo Legislature Mar. 29, 1901. Controls the gas, electrlo light and power business of Montreal and sub("
1
INDUSTRIAL STOCKS AND BONDS.
1744
two hydraulic stations lor generation of electricity, In
operation In the fall of 1903, to have a capacity of 28,000 horsepower,
Chambly. Que.
viz.: one hydraulic plant, Laohlne, Que., and one at
controls output for Island of Montreal of Shawlnigan W ater Power
urbs; sleo
Properties owned, see V. 74, p. 580; V. 75, p. 238; V. 76, p. 923.
Dividends on stock, 4 p. c. yearly to Feb., 1904, Inclusive (paid Q-F).
Date. Interest. Outstandy. Last div., etc.
Securities—
$17,000 000 Feb.15/04 1
Q-F
Stock, $17,000,000 (par $100) ....
1st & coll. tr. M., $7,500,000, ) 1902 4>* g.J&J 3,500,000 Jan. 1, 1932
c*<8ubjeot to oall at 105 after Jan. 1, 1912.
g. ($1,000 each
Lachlne s. f. M., $4,000,000, > 1903 5 g. AAO 3,414.000 Apr. 1, 1933
c* I Subjeot to call at 105 after Apr. 1, 1913.
g. ($1,000 each)
Underlying bonds— See below.
Royal Trust Co. of Montreal Is trustee of both mortgages, Interest
being payable in Montreal at the Bank of Montreal or In New York.
Of the 4Hs of 1902. $1,124,000 are reserved to retire an equal
amount of underlying bonds and $2,876,000 for improvements. The
unissued Lachine bonas are reserved, viz., to pay for balance of subcompany stocks, $7,000. and to retire sub-company bonds, $279,000.
List of underlvinR bonds and description of mortgages, V. 74, p. 580;
V 75 P 238; V. 76 p. 923.
Report.— Report for the year end. Apr. 30, 1903, was In V. 77, p. 194.
Divxdends Bal., sur.
Interest.
tfet.
Gross,
Tear
1902-3'
$1,937,560 $900,873 $182,205 (4%J$S79,334 $39,334
91,495 (4%) 587,969 141,753
821,217
1,760!285
1901-2
Combined results with present, interest charge are as follows:
1902-3
$2,324,942 $1,136,748 $406,931 (4%)$679,U2 $50,705
Officers.— President. Herbert S. Holt; First Vice-President, W. MoL. Walbank; Second Vice President. Rudolph Forget; Sec.-Treas., H. H.
Henshaw. Directors, V. 74, p. 580.-(V. 77, p. 194; V.78, p. 106.)
Co.
National Enameling
6c
stamping Co.—Organization.— In*
On
p. c; 1902 to Jan.. 1904, 7 p. o. yearly (Q-J.)
to Jan., 1904, 4 p c. yearly (Q-J.).
Report for year ending June 30. 1903, was in V. 77, p. 399, showing,
net, $1,519,357 dividends on pref. (7 p. c), $587,762; dlv. on com. (4
surplus, $1,593,p. c), $617,672; leaving a surplus of $313,923; total
p. c; Oct. 1,
1%
common, 1902
;
630, and $500,000 general reserve accoun'. President, Fred'k G. NledrinKhaus; Sec, Wm. H. Matthal; Treas., Jas E. Ingram. N. Y. office,
83 Fulton St.— (V. 77, p. 399, 403.)
National Rice Milling.— See full statement V. 55, p. 49; V. 71,
p. 1123, 1223; V. 72, p. 91, 135, V. 73, p. 1163.
National Salt Co.— Organization.— Incorporated In New JerOfficial statement to
V. 69, p. 853.
sey on March 18, 1899.
New York Stock Exchange was in V. 71, p. 1118; V. 68, p. 524. In
Oct.. 1901, a majority of stockholders accepted for $1,000 preferred one
$1,000 live per oent gold bond of the Incernational 8alt Co. and one
share ($100) of its capital stock, and for common stock an equal
amount of Internat. Salt Co. stock. See that Co. and V. 73. p. 725.
On Sept. 29, 1902, Frank P. MoDermott of Jersey City and Nathan
On Sept. 15,
S. Beardslee of Warsaw, N. Y., were appointed receivers
1903, various parcels of real estate were sold at auction to S. D. Holllday, of Ithaca, representing it was supposed, the International Salt
Co .but a re-sale was ordered on May 25, 1904. V. 77. p. 773; V. 78,
p. 823, 1113,1278. The stocks of subsidiary companies owned were
mostly sold on Aug. 20,1902, being pledged as collateral for debt.
Protective oommittees, V.77, p. 1228, 1297.
Stock, Etc.— Common stock is $7,000,000; preferred 7 p. o. noncumulative, $5,000,000; of these $1,241,750 each of common and preferred was deposited in escrow on account of purchase of United
Salt Co., and an equal amount of 7 per cent preferred and 10 per
oent common trust certificates issued against same.
In Dec, 1903, the United Salt Co. again became independent. See
V.77, p. 2342 and this Section for Oct., 1903,
Dividends.— On pref. in full to Nov., 1901, on common, 1^ p. c and
extra ^ p. o. Aug., 1900; Nov., Ha p. c; 1901, 6 p. c (Q.-F.)
Bonds.— $220,000 Hutchinson Kansas Salt Co., due Jan. 1, 1912.
Report for 1901, with balance sheet, in V. 74, p. 678 (see also p. 730
and editorial, p. 701), shows net profits, $38,915 Directors, V. 74.
Hunter, 115
683. President, N. 8. Beardslee; Asst. Sec.
B.'way. New York. Office, Soranton, Pa.— (V. 78, p. 823, 1113, 1278.)
Jersey.— Incorporated in
National Sugar Refining of
New Jersey on June 2, 1900, and took over the New York Sugar Refln
ing Co. 's (Doscherlreflnery, Long Island City, the Mollenhauer refinery, Brooklyn, N. Y.. and the National refinery, Yonkers, N. Y. The
capacity of the new company is 10,000 barrels daily. V. 70, p. 1098;
V. 71, p. 31; V. 77, p. 1877. Stock, $10,000,000 6 p. o. cumulative preferred and $10,000,000 common stock; all outstanding; par of shares,
$100. Dlv. on pref., 1*2 p. c (Q.-J.), paid Oct. 2, 1900, to Apr. 2, 1904,
lnol. No bonds. President, James H. Post.— (V. 77, p. 1877.)
York Mutual Telegraph.—Successor to the Mutual Union
Telegraph Company. The stock carries dividends of 6 per cent per
annum under a lease for 99 years from February 15, 1883, to Western
Union Telegraph, whioh owns $2,385,700 of the $2,500,000 stock.
York Telephone.— In 1896 this company took over the
business of the Metropolitan T. A T. Co, with exclusive rights under a
perpetual license from the American Bell Telephone Co. to the telephone business in city of New York and suburbs.—V. 63, p. 229.
Controls Empire City dub way Co.. V. 76, p. 50. In 1901 stock was
increased from $16,000,000 to $30,000,000 (par, $100) of which
American Telephone*; Telegraph Co. owned $19,329,400 and Western
Union Telegraph Co. on July 1 1902, $6,164,300; in Dec, 1902, authorized Issue was increased to $50,000,000. V. 71, p. 139, 290. Dividends paid in 1899 and 1900. 6 p. c yearly. V.71, p. 139, 290; V. 76, p. 51.
[Vol. lxxyiii.
Securities— (Concluded). Date. Interest. Outstand'g. Last Div etc.
n * ref
a
a?ro,£ ooK?
jm* ^1902 5p., JAJ $1,770,000 July 1, 1932
0(
P &L (Int. at EquUable Tr. Co., Chic, trustee.
m
l ($1,000 eaoh)
if^ o* ;2? ^A"
EC,
)
,
C, C
,
'
^m
'
Dividends Apr., 1903, to Apr., 1904, 1 p. c quarterly.
Nelson A. McCleary, Presld't; T. M. Jackson, Treas. (V. 75, p. 669.)
©gden Gas (Chicago).—Supp. of Jan., 1898.— V. 78. p. 1501.
Ohio 6c Indiana Consolidated Natural 6c Illuminating
Gas.— An amalgamation Incorporated in N.J. on Dec. 29, 1899, per
plan V. 69. p. 1251. 8took $10,000,000, of which $1,000,000 to acquire new gas fields, See statement to N. Y. Stock Exchange, V. 70, p.
994. Dividends Mar.. 1900, to June, 1902, 1 p. c quarterly: none since.
Underlying bonds, $820,000 Ind. Nat. & 111 Gas 6s (int. M-N), due
1908; $1,690,000 Logansport & Wabash 6s, J-D, due 1925; $1,940,000
Fort Wayne. 6s,J J, due 1925; $960,000 Lafayette 6s, M-N, due 1924;
Ind. 6s (J-D), due 1926. Report for calendar year
$1,940,000 Ohio
1903 in V. 78, p. 227, showed net deficit after interest on bonds and
construction ($44,002) of $7,654. Prest..Chas. F. Dieterich; Treas., A.
B. Proal, 45 B'way, N. Y.— (V. 78, p. 227.)
Water Co.— Organization.— Successor in 1896 of American Water-Works Co. of HUnois, per plan in V. 62, p. 1085. In 1903
the city of Omaha proposed to purchase property. V. 76, p. 1411.
Stook, common, $2,500,000. not Issued; outstanding, 1st pref., 5 p. C
non-cum., $750,000; second pref., 5 p. c non-cum., $1,000,000. Par
of shares, $50. Preferred stocks are subject to oall at par, dividends
being paid at Farmers* Loan & Trust Co., New York. Decision, see
v. 71, p. 915; V. 73, p. 1211.
Divid'ds paid on 1st pref.,5 p. c y'rly to
Feb., 1904. inclusive. On 2d pref. 1 p. o. 1899; 1900, 2 p. c; 1901,
2 p. O.J 1902, 2 p. c; 1903, 2 p. 0.
Last div., etc.
Par. Interest. Outstand'g.
Securities.
None.
$50
Common stock
FAA
$606,100 Feb. 10, '04, 21*
50
lstpref„5p. c
Aug. 10. '03.1
F&A
867,045
50
2d pref., 5 p. c
July 1, 1916
1,093,000
Prior lien gold 5s, ) 1,000
5 J&J
Subject to oall at 105 p. o,
X
$1,500,000
1946
5J&J 3,543,000
Consolidated gold,? 1,000
Subject to call at 105 p. o.
$6,000,000
\
President, Theodore C. Woodbury, New York; See, Eben Stevens,
New York; Treas., Stockton Heth, Omaha, Neb.— (V. 76, p. 1411.)
Pacific Packing 6c Navigation Co.— Organization.— Incorporated in New Jersey in July, 1901, and acquired 16 of the leading
salmon-canning concerns in Puget Sound and Alaska, including PacifloAmerloan Fisheries Co. (V. 70, p. 999), etc. - V. 73, p 142.394. Official,
statement, V. 74, p. 1138. In 1902 readjusted per plan in V. 74, p, 1143.
Paclflo Selling Co., $1,000,000 stock, is selling agent. V. 73, p. 960.
In March, 1903, Thomas O. McGovern of New York and
George B. Hallock of New Jersey and James A. Kerr of Seattle
and J. R. Winn of Alaska were appointed receivers. A committee, with George F. Crane, Chairman, and Colonial Trust Co., N.
Y., depository (Philip S. Babcock, Seoretary), requests deposits of
the debentures and stock. V. 76, p. 545. Opposition (Havemeyer)
committee. Van Norden Trust Co., depositary, see V. 76, p. 1033.
In Mar., 1904, $750,000 one-year 6 per cent receivers' certificates
were issued. V. 78, p. 824.
Stock authorized, $12,500,000 eaoh of common and 7 per cent oum.
preferred; outstanding, common. $6,150,000; preferred, $7,100,000;
20-year 5 per cent debentures, $1,500,000.
Officers.— Pres., Charles Counselman Vioe-Pres., Thomas B. Mo.
Govern; Treas., Prederiok F. Carey; Sec, Roland Onffroy; Direotors.
V. 73, p. 618. N. Y. office. 95 Hudson St.— (V. 77, p. 2283; V. 78, p. 824.)
&
Omaha
;
Philadelphia Electric Co.— Organization.—Incorporated
New Jersey on Oct.
in
Controls nearly all of the electric light
properties of the city; also in West Philadelphia and Chester. V. 73, p.
496, 680; V. 74, p. 1249.
Stock.—Authorized, $25,000,000, of which $12,250 in treasury; 30
per cent paid in; 10 per oent was in Apr., 1904, called for payment,
V. 74, p. 156, and circuone-half June 1, balance Dec. 1, 1904.
lar, p. 215: V. 78, p. 1449. Dividends: 15 cents paid June, 1902. and
18% cents Dec, 1902, and June and Dec, 1903, being 5 p. o. yearly on
amounts paid in.
Bonds.—Collateral trust 4 per cent gold fifty-year certificates, dated
Oct. 16, 1899. amounting to $17,500,000 have been authorized, of
which $14 .982,200 wereused to purchase $14,994,100 of the$15,000.000
Penn. MTg. L. & P. stock ($1,500,000 paid in) and all the $17,500,000 Nat. Elec. stock ($4,375,000 paid in), the balance to be
retained to acquire other electric properties in Philadelphia and adjacent counties.
See V*. 69, p. 797, and official circular, p. 853; and
official statement. V. 74, p. 1249.
Under agreement of Oct. 12, 1899,
$2,000,000 old Phil a. Electric certificates were purchased, reducing
the amount outstanding to $11,266,700. V. 70, p. 331. In Aug., 1900,
purchased $2,000,000 fours, mostly in the open market, the same
beinjr placed in the treasury uncanceled and held available as collateral for loans. V. 74, p. 215.
Report.— Year ending Dec. 31, 1903, with balance sheet, was In V. 78,
p. 1448, 1501. Total gross income, $3,665,045; expenses, taxes, etc,
$1,789,760; interest, $1,263,683; div.. $375,035; bal.. sur., $236,567.
President, Joseph B. McCall; Vice-Pres., William F. Harrity; deo'y,
A. V. R. Coe; Treas., Wm. P. Conover, Jr. Office, N. E. cor. 10th and
Sansom Sts., Phiia.. Pa.— (V. 77, p. 2162; V. 78, p 1 444, 14i9, 1501.)
Pittsburg Coal Co.— ("Rail Coal Consolidation.")— Organization.— Incorporated in N. J. in Sept., 1899, and in Oct., 1899, acquired
graotioally all the large coal mines tributary to railroads in the Pittsurg district, together with ooal and ore docks, loading and unloading
fdants at Duluth, Chicago, Milwaukee, Cleveland, Ashtabula and other
ake ports. Owns about 150 coal mlnes,>wlth!equipment, and about
York 6c queens Electric Light 6c Power <'<>.— Okoan 160,000 acres of ooal lands in, or within a radius oi 40 miles of Pittsburg, together with some 5,000 ooal cars operating over railroads radiiisation.— A consolidation. Incorporated in July, 1900; supplies en
ating from Pittsburg, Owns Northwestern Coal Ry., whose 5 per oent
tire borough of Queens outside of Rockaway. See V. 72. p. 1039.
Stock and Bonds.— Stock, common and pref. 5. o. non-cum., $1,- bonds it guarantees. See that company under "Railroads."—V. 71, p.
250,000 each, all issued. Par of shares, $100. Bonds. $2,500,000 713. Late in 1901 leased Shaw Coal Co. properties (about 4,200 aores),
30-year gold 5s, dated Aug. 1,1900; int. FAA; Union Trust Co., N. 15 miles west of Pittsburgh for 40 years, and in Jan., 1902, lands in
Hocking distriot, since increased to about 9,000 acres owned in fee,
Y., trustee. Of the bonds $2,272,000 are outstanding, $78,000 are reserved to retire the $7H,000 N. Y. A Queens Gas A Elec gold 5s, due 2,100 aores leased and 3,800 acres of surface. V. 74, p. 376. See V.
Jan. 1, 1949, and $150,000 for extensions.
78. p. 765, 1449.
In January, 1903, leased ooal lands of Midland Coal Co., owning
Earnings.— For year ending Aug. 31, 1902, gross, $307,669; net,
5,000 acres, and purchased stook entire of National Dook A Fuel Co.
$137,027; interest. $116,775; bal., sur., $20,252.
Coke.Co. V. 78, p. 1449. In
Directors. -Frank Tilford, H. E. Gawtry, T. W. Stephens, Henry R. of Cleveland, O., and of Colonial Coal
Coke Co., owning 825 aores ooal
Wilson, James T. Pyle, Julian D. Falrohlld, Abram M.Hyatt and L. Oct., 1903, acquired Mansfield Coal
lands. $400,000 first mort. 6 p. o. bonds being issued, guaranteed
B. Gawtry, of New York, and John Day Jackson, New Haven, Conn.
Frank Tilford. President; Henry R. Wilson, 1st Vice-President; H. L. principal and Interest, maturing $40,000 vearly to Oct. 15, 1913.
V. 77, n 2038, 2343.
Bnyder, 8eo. and Treas. N.Y.otfloe, 208 Fifth Ave.— (V. 76, p. 1252.)
In 1903 were
the
York 6c TexaM Land.—This company took the lands granted and $2,500,000 ofpurohascd $15,000,000 of stock$20,000,000 common
the $1 0,000.000 preferred
of the Monongahela
to the International and Houston A Great Northern RRs., about 5,000,; River Consolidated Coal & Coke Co. at
$15 and $45 per $50 share,
000 acres. June 30, 1903, had 1,880,305 aores unsold. Stook. $1,200,000. respectively. Payment was made for the common in non-interest-bearpar $40. Treas., J. 8. Wetmore, 100 Broadway, N. Y.— ( V. 66, p. 83.)
lng notes due one-third Nov. 3 yearly for three years, and for the preNorthwestern Oai Light 6c Coke Co.— Organization.— A con- ferred in semi-annual instalments, beginning Jan. 20. 1904, equal to
solidation in Sept., 1902. VT 75, p. 397, 665. Controlled by interests 6 cents per ton of ooal mined from the Monongahela properties.
friendly to the People's Gas Llmht & Coke Co. of Chicago.
Bonds.—The $25,000,000 first and oollat. 5s of 1904 Issued by the
Date. Interest. Ou'stando. Last Div ,ete. Pittsburgh Coal Co. of Peun. and guaranteed, principal and interest,
Bkcoritiks—
Stook, $5,000,000 (par $100) ....
Q.J.
$5,000,000 Apr. 4, '04,
by the Pittsburgh Coal Co. will be seoured by a first Hen on 160,000
Consol. (now 1st) Mort., g. H895 6k., Q.-J.
250.000 Jan. 1, 1915 aores of ooal lands and deposit of all securities owned. The proceeds
Chic. trustee.
($ 1 ,000 each)
s Int at Equitable Tr. Co.
will be used to fund the floating debt and for working capital and reMort.. $2,000,000, g., EC, ) 1898 5g.. Q.-M. $1,452,000 Deo. 1, 1928 tirement of $5,400,u00 bonds due In 1904-08. The issue is subjeot to
($500 each)
$ Int. at Equitable Tr. Co . Chic, trustee.
oall after one year at 1 10 on any Jan. 1, and will have a sinking fund of
Cloero Gas 1st Mort., NIC,) 1892
$500,000 July 1, 1922 5 cents a ton on run-of -mine coal, with a yearly minimum of $600,000;
6, Q.-J.
($1,000 each)
s Int. at Meroh. Loan & Tr. Co., Chicago.
V. 78, p. 232, 291, 824.
6,
1899,
New
New
New
New
A
New
,
.
&
:
-
INDUSTRIAL STOCKS AND BONDS.
Apr., 1904. J
In 1902 issued $6,000,000 5 per cent gold bonds, secured by
pledge oi the stooks of some of the subsidiary corporations. See
table on a preceding page and V. 74, p. 833. Bonds of suosidiary
companies Deo. 31, 1903, $2,003,133; mortgages, $2,434,448; oar
trust notes, #154.141.
Bonded debt, additional to that shown In table on a preceding page,
including subsidiary companies
Bonds—
Northwestern Coal Ry.
1st
6j?..M&N
Outstanding.
$794,000
6
6
161,800
95,000
126,0
Interest.
M
A Castle Shannon Ry
& Chicago Gas Coal Co
Imperial Coal Co
Mansfield Coal & r oke 1st M.,
p. & t., due $400,000 yearly
u«
*uel
Milwaukee tit .
Western v
Ihy 1, 1928
Aug., 1908
to Jan.. 1914
May, 1905-10
400.(100
6A-0
Uct.. 1904
Int. at Colonial Tr. Co., Pittsburgh, Fa.
160,000
June. 1904
6
Due part yearly to June. 1906.
5
167,333
Feb., 188o
100000
6
Jan.. M>i2
3,484.448
Var. to 190a
164.140
to 190g
FAA
Pttti
Pitts.
guar,
t
*
5
..
\
OhloCoalCo
Pittsburgh & Moon Kan
Various purchase money mortgages
Car trust notes
Maturity.
Earnings.— For 11 months ending Nov.,
net, $6,507,645 in 1903,
against $4,124,070 in 1902.
Dividends -On pref., 1900, to Oct., 1903, 7 p. o. yearly in cash; on
Jan. 25, 1904, 1% p. o. in 6 d. c. interest-bearing scrip, payable within
a year at company's option;" Apr., 1904, 1% p. c. V. 78, p. 232.
Report.— Report for year ending Deo. 31, 1903. In V. 78. p. 765,
showed net profits after deduoting expenses and all lossee, $7,787,094;
royalty and depreciation, $l,036,0"O; interest on bonds. $272,500;
dividend (7 p. o ) on pref.. $2,167,587; undivided profits, appropriated
for preferred stock dividends and working capital. $1,3 1 0,936.
Officers.— Francis L. Robbins, Chairman of the Board and PTes't;
Treas'r, F. M. Wallace; Seoretary. F. J. Le Moyne, 232 5th Ave.. Pittsburg. Directors, Feb., 1904, V. 78, p. 824.— (V. 78, p. 1444, 1449.)
Planters' Compress Co.— Organization.— Incorporated in Maine
on May 24, 1902, as successor of a West Virginia company of the same
name, and the Indo-Egyptian Compress Co. under plan of consolidation, V. 74, p. 833, 888. Also purchased 58 ginning plants, having a
oapaoity of 350.000 Dowry bales. V. 74, p. 1200. Manufactures
Lowry presses and markets cotton and hay when compressed into
cylindrical bales. Owns entire stock of Canadian (Hay) Baling Co.
and patents in U. S. and Mexico and 46 other countries (and colonies).
The new company had about $2,000,000 working capital. Stock, $6,750,000 oommon and $3,250,000 7 per cent non-oumolative preferred,
all issued, full paid.
All the common stook has been deposited with
five trustees, wlio have issued trust shares therefor; $476,700 pref.
stock and $266,600 common trust shares are owned by the company.
President, Arthur R. Marsh; Chairman of Board, Stephen M. Weld;
Vioe-President, T. Jefferson Coolidge Jr.; 2d Vice-President. G. T.
Francis: Treas., F. M. Wakefleld; 8ec, F. S. Goodwin; Directors, V. 76,
p. 814. Office, 131 State St.. Boston, Mass.— (V. 76. p 658, 814.)
Rhode Island-Perkins Horse Shoe Company.— Organization.— Manufactures horse shoes and toe calks at Valley Falls, R. I.. 6
miles from Providence. V. 61, p. 1014. Slock— Common (or general)
stock, $1,000,000; pref., 7 per cent cum., Q J, $1,750,000; par, $100
DiV8.-)1892. '93-'95. '96. '97. '98. 1899 to 1901. SincetoAp.*04
Com.p.o. [ 12ifl lOyrly. 4%
...
Pref. p.o. )
7 p. o. yrly.
6\ 5
4 per ami.
5 yily.(Q-J)
' ^ '
-(V. 75, p. 1403.)
San Francisco Gas & Ulectric Co.—Organization. - Incorpor
ated on Dec. 11, 1896. On October 14. 1903, the Pacific Gas Improvement Co. was absoibed; on Nov. 1, 1903, the Equitable Gas Co. and on
Nov. 17, 1903, the Independent Gas & Power and Independent Electric
Light & Power companies,
V. 77, p. 93. 453, 1536,i 2287; V. 78,
—
—
p.
1227. 1496.
Dividends. -Dividends, previously paid irregularly, were resumed
in Dec, 1903, when 2^ p. o. was paid; on Mar. 31, 1904, l** p. c. quarv H
terly. V. 77, p. 2287.
Securities.
'
Date.
Interest.
Outitand'g
$15,848,433
,
dirt., etc.
£
S
BoND8.-Of the
gen.
>
4^8
of
1903 ($10,000,000 authorized
issue)
is outstanding, $1,813,000 is reserved to retire the under
lying bonds and the remaining $187,000 is issuable for general pur.
poses and improvements. Bonds Nos. 1 to 4,000. inclusive, are subject
to call, $100,000 yearly Nov. 1. at 105, by lot, beginning Nov. 1. 1906
V. 77, p. 93, 1877; V. 78, p. 233, 1496.
Report —Report for year ending Deo. 31, 1903, was in V. 78. p.
1496, showing total income, $2.504,771 net profit, $969,957 depreciation funds $395,000; dividend <2i« p. c.) paid Dec, 1903, $396,211;
'
bal., sur., $178,746.
Officers.— President, W. B. Bourne; Seo'y and Treas., Charles L
Barrett. Office, 415 Post St., San Francisoo, Cal. -(V. 78, p. 1 496.)
$8,000,000
;
;
Spring Valley Water Co., San Francisco.—Organization. -
Successor Sept. 24. 1908, per plan V. 76, p. 216,977, to Spring Vallev
»»"«>*
Water-Works Co. V. 78, p. 827.
Dividends —On stock of reorganized company paid 21 ots. (monthly)
per share Oot., 1903; in Jan. and April, 1904, 63 cts. each quarterly
Securities.
Date.
Stock (par of shares. $100)
Spr. Val. Wat.
Works
1st
M
—
pref. stook (1 p. c), $68,860; bal., def. for year, $37,238; bal. to credit
of surplus acct. Sept. 30, 1902, was $656,444; deduct organization
and other extraordinary expen-es not chargeable against year's inoome, *81,731; bal., sur., 8ept. 30, 1903, $537,475.
Officers.— Pres., Brayton Ives; 1st Vioe-Pres., Wm. L. Bull; 2d
Vice-Pres., J. C. Kllnck; Sec. and Treas.. J. A. Knox. Office, 37 Wall
St, N. Y.— (V. 77, p. 1872; V. 78. p. 107, 1114, 1501.)
|
Standard Rope & Twine Co.— Incorporated Nov. 8, 1896,underlaws of New Jersey. Successor after foreclsosure of the United States
Co., reorganized, V. 60, p. 1012; V. 63, p. 1064. Union Selling
Co. acts as selling agent. V. 75. p. 397, 613; V. 78, p. 992.
Owns 3 mills in operation, viz., Sewall Day mill at Boston (Alston),
Mass., and the Waterbury and Morgan Ave. mills at Brooklyn, N.
,
also entire stook of Canbesides two idle and partly dismantled
nabis Mfg. Co., owning 3 mills— the Chelsea and Boston mills in Boston, Wm. Wall & Sons of Brooklyn; see V. 73, p. 614. Reports of committees in V. 72, p. 987 1140. As to competition in June. 1902, see
committee consisting of W.
V. 74, p. 1255.
Nash, Dumont Clarke,
Charles E. Orvis, G. T. Montgomery and Geo. W. Young will prepare a
plan to finance the company's requirements for additional working
capital. V. 78, p. 1227, 992, 774.
Cordage
&
Y
;
A
A
Stock and Bonds.— Capital stock is $12,000,000 (par $100); outstanding, $11,960,860. The first mortgage is for $3,000,000, yearly
sinking fund 1 per cent of bonds outstanding; firsts purchased for
sinking fund and oanoeled to Oot. 31, 1903. $260,000. The consols are
non-cumulative incomes and entitled to one vote for each $100.
Report.— Year ends July 31. Report for 1902-03, in V. 77, p. 694,
showed Loss on the year's operations after paying interest on bonds
and borrowed money, $141,163; debit bnl. Aug. 1, 1902, $585,790;
balance, deficit to profltand loss Aug. 1, 1903,$726,953. Gross Bales In
1899-00, $4,255,342; In 1898-99, $4,999,275.
President, Thomas Russell; Vice Prest, Alfred R. Turner, Jr.;
Treas. and 8ec, Joseph G. Taylor, 14-20 State St., N. Y. Directors:
Thomas Russell, W. R. Potts, James B. Clews, G. W. Montgomery,
A. R. Turner Jr., Joseph G. Taylor, Jos C. Reiff, E. Le B. Gardiner, D.
T. Ramsay. Offloe, 17 State St., N. Y.— (V. 78, p. 992, 1227.)
Pacific Coal.— Owns 54,000 acres of ooal lands in
Texas
Texas. Bnsiness oonsists of mining coal and manufacturing coke,
brick, etc stock $2,500,000; outstanding, $2,250,000. Dividends:
1896, 4 p. c; 1897, 4 p. c; 1898, 4*a p. c; 1899, 6 p. c 1899 to Jan.,
Mortis for $500,000 of 6 p. c bonds,
1904, 6 p. c yearly tQ.— J.)
due 1908 bonds for $305,000 in sinking fund (in Apr., 1904), leaving $195,000 outstanding; interest A.
O. at Central Trust Co., N.
Y., trustee. Pres., E. L. Marston. 24 Broad St., N. Y.— (V. 71, p. 1175.)
:
&
;
;
&
Union Bag
J ersey
A: Paper Co.— Organization.— Incorporated in New
on Feb. 27, 1899, as a consolidation of over 90 p. c of the paper
bag business of the country. V. 68, p. 430; V. 69, p. 182. See V. 71. p.
Assets and list of properties see prospectus, V. 68, p. 333;
145.
rights of stock, etc. V. 68, p. 675. Statement for year ending Feb;. 1,
1904, with balance sheet, was in V. 78, p. 1445, showing net earnings,
$774,485; dividend on pref. (7 p. c), $770,000; balance, $4,485.
Bills payable Jan. 31, 1904, $915,000. Status July, 1903, V. 77, p. 254.
Dividends.—On pref., July, 1899, to Apr., '04,7% per an. (1%% quar.)
Officers— President, L. G. Fisher; IstV.-P, Edgar G. Barratt; 2d
V.-P., John H. Derby; Treasurer, Geo. R. Sheldon; Sec, W. L. Stork.
New directors Apr., 1904. V. 78' p. 1449. Office, 1 Broadway, N. Y.—
(V. 77, p. 254; V. 78, p.
United
1445,
1449.)
Box Board & Paper Co.— Organization.—Incorpor-
ated in New Jersey on May 28, 1902, and took over as of Jan.
ly02,
per plan V. 74, p. 375, the leading straw-board and box-board companies (including Traders' Paper Co., Lockport, N. Y.,etc, 26 plants);
lu the oountry, having a theoretical capacity of 1,35a tons daily;
also acquired $5,800,000 of the $6,000,000 American Strawboard
Co. stock and entire stock of Knickerbocker Pulp & Paper Co.,
with a daily oapacity of 40 tons of pulp. V.74, p. 1041; V. 75, p. 358.
Has purchased entire 2,000 shares of Uncas Paper Co.. Norwich, Conn.
On Deo 10, 1903, the Paper Products Co., with $200,000 stock, began
business as a selling company for the leading box-board manufacturers. V. 77, p. 827. 1879.
Stook authorized, $28,967,400, of which $14,018,500 common and
$14,948,900 seven per cent cumulative preferred; outstanding,
common, $13,896,433; preferred, see table. First dividend on pref.,
1% p. o , paid Deo. 15, 1902. In March, 1903, dividends were deferred
to accumulate surplus for working capital. V. 76, p. 658, 1038. Net
earnings for Oot, 1903, were $109.000,lagainst $93,000 in Sept , 1903.
V. 77, p. 2394. Balance sheet Jan. 2, 1904. V. 78. p. 766. Financial
statement March, 1903, V. 76. p. 756. In Dec, 1903, Pret-ident O. O*
Barber and associates loaned $1,000,000 on collateral. V. 77, p. *39<».
Bonds.— The 1st 5s of 1903 are due $350,000 yearly from Jan. 1,
1904 to 1908, both inclusive, $250,000 Jan. 1, 1909 and $l,5Oo,0OO
Jan. 1, 1913. They are subject to call (when drawn by lot) for payment at par and interest on any Interest day. Of the authorized
amount $2,000,000 bonds are issuable forthwith, the remaining $1
500,000 being reserved to retire from time to time a like amount of
underlying bonds on 15 of the plants (see list V. 75, p. 1304), viz.:
Traders' Paper Co. N. v.. « B $ 200,000, due by Nov., 1919. Thompson Pulo &
Paper Co.. N. V.,«<8, $200,000, Somerset A Kennebec Co.. Me., $33x,o<>- Tytus
Paper, etc, O.. $132,&00: Wabash Paper Co. .Indiana, $v>00,000; Peoria Si raw hoard
Co., III., 6s, $100,>.0u; Wilson, et aill. Conu.. $58,300; Oswego Kails Pulp & Paper
l
,
1
Last
Stock, $16,000,000 (par $100) ..
Q-M
Mar 31,'04,m
Ed.Eloot.L &P. lstM.,g. > 1891 6 g.
623,000 Nov. 3, 1921
($1,000 each)
Int. at office, San Franoisoo.
5
Pac Gas Imp t M., g., s. f. > 1900 4 g. Q-M 1,190,000 Sept 1. 1920
($1,000 each)
Int. at Union Trust Co., San Francisco.
f
S F G
B
e
1
O OO 6oO?:,| i?60 S eIc I "OS „Vff;M*» 8,000,000 Nov 1, 1933
Int ' at Umon Tr - Co San Fran., trustee.
led., see below
QF
1745
Interest. Oulstand'g Last div. etc
See above. $28,000,000 Apr '04. 63c'
4,975.000 Sept. Cl 9 06
4,998,000 May 1, 1917
*QJ?
6M&8
•
do
do
2ndM.?
(Subject to call Sept., 1906.)
S
,
do
do
3rd M
4 Q-M
3.655.00O Sept. 1, 1906
Spr. Val Wat. Co., ref. M. > 1903 4 g. J-D
1,347,000
Dec. 1 1923
gold ($1,000 each)
£ int. at N.Y.. S. Fran, and Frankf on Main.
Of the general gold 4s of 1903 ($28,000,000 authorized issue; Union
Trust Co. of San Francisco, trustee), $1 000,000 have been issued for
improvements, $347,000 to take up old waterworks bonds, and the
remaining bonds are reserved for construction and acquisitio sand
the retirement of the old bonds at or before maturity. V. 78 p 992
Report.- Report for year ending Deo. 31. 1903, was in V. 78 p
987, showing: Total income, $2,075,983; net. $1,235,004; interest
$719,428; dividends, $529,200; bal.. def , $13,624.
Officers. Pres., Chas. W. Howard: Sec , Pelham W. Ames; Treas..
Bank of Cal. Office, 126 Stockton St., San Fran , Cal.-(V. 78, p. 992.)
Standard Ittllllu<r Co.— organization.— Incorporated in New
Jersey on Oot. 31, 1900, as successor of the United States Flour Milling Co., per plan iu V. 70, p. 284, V. 71, p. 185, and owns directly or
through subsidiary companies mills in Minneapolis, Duluth, West
Superior, Milwaukee, Buffalo, Syracuse and New York; total datlv
capacity 47,000 barrels of flour. See V. 75, p. 1252; V. 68, p 873 929V. 69, p. 29, 1010; V. 71, p. 8 17. Properties taken over May 11 1902
STOCK and BoNDS.-Stock, all outstanding, common, $4,600,000;
t
L
$?% a£>P? cem aoIJ-oumu-lative, $6,900,000. Of the new 1st 5s, $2,213,000 is reserved to retire at par the $1,448,000 Hecker-JouesJewell 1st 6s and $765,000 Northwestern Consolidated Milling 1st 6s
(see V. 70, p. 283). The plan limits the new mortgage to
$5,750,000.
but permits inorease of this by $500,000 for working capital, the bonds
"
to be sold at not less than 95.
Dividends. Div. on pref., 1%, paid Apr. 10. 1903; Apr. 11, 1904,
1%.
Chakgks, ETC.-lnt. ch'ges, $305,130; sink, fund for bonds. $45,000
Report. -Report lor year ending Sept. 30, 1903, in V. 77, p. 1872
showed: Income lor jear, $204,210; int. on bonds, $172,588; div. on
,
-
,
;
Co.. $76,000, etc.
Amer. Strawboard Co. has outstanding $465,000 1st sink, fund gold
due Feb. 1, 1911, int paid F & A at Internal. Trust Co., tioston.
Report of American Strawboard Co. for 1903. V. 78, p. 766
Chairman of Board, Jas. A! Roberts'; President, O. C. Barber: 1st
Vice-Pres., R. F. Newcomb; 2nd Vice- Pres., Chas. D.Brown; 3d VicePres., R. B. McEwan; Sec and Treas., Stephen B. Fleming. Directors,
6s,
V. 75, p. 247; V. 76, p. 483; V. 77, p. 1879; V. 78, p. 82*. Ottloe. 11
B'way, N. Y.-(V. 77, p 455, 827, 1879, 2394; V 78, p. 705, 766, 828.)
United Shoe Machinery Co.— Incorporated in Feb., 1899, in N. J •
V. 68, p. 333, 430; V. 74, p. 430; V. 75, p. 851; V. 77, p. 255. Stock,
common, $12,500,000; outstanding, $10,720,350; preferred cumulative. 6 per cent $12,500,000; par, $25; outstanding, $9,936,500.
Balance sheet Mar. 1, 1902, V. 74. p. 935. Underlying bonds, $143,000.
International Goodyear 6s, mortgage assumed, $60,000.
Dividends.— First dividend, Hj per cent on preferred and 23 per cent
on common, paid April 15, 1899. V. 68, p. 525. On oommon. July,
1899, to Apr., 1904, inclusive, 8 p. 0. yearly (2 Q-J). On preferred, July,
1899, to Apr., 1904. inclusive, at 6 p. 0. per annum, payable quarterly.
Annual statement March, 1903. V. 76. p. 971, 1359, 1902; V 75, p. 81.
President, Sidney W. Winslow of Boston; Treas. and Gen. Man., Geo.
W.Brown; Seoretary, Meylert Bruner.of Boston. Albany Bl'dtf.. Boston,
Mass.-V. 76, p. 709, 814, 971, 1359(V. 77, p. 255; V. 78, p. 1171.)
United States Coal <fc Oil Co.— Organization.— Name was
ohanged from United states Oil Co. on June 2, 1902, and the Island
Creek Coal Co. of West Va. absorbed, per plan, V. 74, p. 1146.
Owns in fee 30.000 acres of bituminous coal lands in Logan
and Mingo counties. West Va., and is building a 10-mile rail
road. In Jan., 1904,' oil properties were sold. V. 77, p. 2163; V.78,
p. 346.
Stock increased June, 1902, from $2,500,000, to $6,250,000 outstanding. $6,000,000 par $25. Dividend of $1 (of which 50 cents
extra) per share paid April 1, July 1 and Oct. 1, 1899 1900, Jan. 1,
;
;
;
extra); Apr. 2, 50c; July 2, 50 cts.; Oot. 1. 50
cts.
None since to Apr., 1904, V. 71, p. 1273. Report for 1902-03,
Sec'y
V. 77, p. 2158. President. Albert F. Holden, Cleveland, O
and Treasurer, F. W. Batchelder, State" Mutual Bldg., Boston. New
directors June 1902, V. 74, p. 1200.— (V 77, p. *lo8, 2163; V.78,
p. 346.)
$1 25
(of
which 50c
;
.
INDUSTRIAL STOCKS AND BONDS.
174G
United States Cotton Duck Corporation.— Organization.
—Incorporated In New Jersey on June 4, 1901, per plan In V. 72, p.
992, 1038, 1241, to control the Mount Vernon- Woodberry Cotton Duck
Co. (see list 14 mills. V. 69, p. 129), etc. V.72, p. 1140; V. 76. p. 1038.
A plan proposed t>v the readjustment managers, 8. Davles Warfleld,
J. Wm. Middendorf.H. A. Orrlck and Thos. M. Turner, In July, 1903,
V. 77, p. 1750.
Is In abeyance.
Stock. -Authorized, $15,000,000 each of common and 6 per cent
cumulative preferred, as reduced Feb., 1902. V. 74, p. 331. Common stock outstanding, $10,000,000. The Jan.. 1902, Jan. and July,
1903,|and Jan., 1904, cumulative Int. on the Mt. Vernon-Woodberry
Incomes was passed; In Aug. 1902, 2k p. o. paid. V. 75, p. 247, 347;
V. 76,
p. 439; V. 77, p.
404; V. 78, p. 828.
Dividends —On pref., 3 p c, paid Sept. 15, 1902; on Mar. 25, 1904,
3 p. o. paid from earnings of 1903. V. 78, p. 828.
Report.— Report for |calendar year 1903, V. 78, p. 817, showed
net earnings of U. S. Cotton Duck Corp- $285,449; Int. and
gen. expenses, $101,736; bal., sur., $183,713. Surplus earnings of Mt.
interest were $103,538 (but see V. 77, p. 1750 )
8. Davles Warfleld; Pres't, Chas. K. Oliver,
Continental Trust Building, Baltimore, Md. Directors and officers,
V. 74, p. 331; V. 76, p. 216; V. 78, p. 828; (V. 78, p. 8 1 7, 828).
United States Envelope.—Incorporated in 1898 under the laws
Absorbed ten companies named in V. 66, p. 1003,
of Maine.
producing over 90 per cent of the commercial envelopes in the United
States. Output 17,000,000 daily; capacity over 20,000,000 daily.
Stock. $1,000,000 com., Issued $750,000; par, $100; pref., $3,750,000;
par, $100. Mortgage bonds, $2,000,000. See V. 66, p. 1003; V. 67,
Debentures, $225,000, due $25,000 yearly. V. 74, p. 385.
B179.
ec., 1898, paid 2 p. o. on pref.; June, 1899. to Sept., 1901, lncl., 7 p. c.
per ann. (Q-M); 1902 and 1903, 5 p. o. yearly (M & 8); 1904, Mar., 2^
Vernon Company over
Chairman of Hoard,
per cent.
Report for year ending Jane 30, 1903, with balance sheet, In V. 77,
p. 399, showed: Net profit, $559,063 int. on bonds, $132,396; dlv. on
pref. stock (5 p.c), $187,500; sink, fund and depreciation, $125,044;
baL, sur. $114,123.
Officers.—President, C. H. Hutchlns; Treas., Wm. O. Day, Springfield, Mass.; Sec. W. M. Wharfleld, Springfield, Mass. Directors Sept.,
p.
774.— (V. 77,
p. 354,
United States Mortgage
399, 774; V.
78, p. 1227.)
&
Trust Co.—Chartered
present name assumed Feb. 23,
in 1871.
Formerly U. 8. Mortgage Oo.;
1895.
STOCK.— Capital stock Is $2,000,000 par, $100. Surplus, $3,000,000;
undivided profits Jan. 1, 1904, $415,356. Dividends.— In 1894. 6
;
p.c: '95. 6; *96,
1903, 16.
Bonds.—The
6; '97, 6; '98, 7k.; '99, 10;
1900, 10; 1901, 12; 1902, 15:
mortgage trust bonds, $1,000,000 each, are
first mortgages on improved city
real estate "in amounts at least eaual to the bonds outstanding."
See application to list $5,000,000 bonds in V. 67, p. 487.
Officers.— President, George W. Young; Vice-Presidents, George M.
Cummtng and Clark Williams; Treas., Edward T. Perine; 8ec, Calvert
Brewer.— (V. 75, p. 81, 347.)
United States Reduction & Refining Co.— Incorporated In
New Jersey on May 31, 1901. Extracts gold and other precious metals
from ore obtained chiefly from Cripple Creek District, Col. Official
statement showing properties owned, etc., V. 74, p. 882.
series of
seoured by deposit with trustee of
Stock authorized, common, $6,000,000:
pref. (also as to assets) 6 p.c.
non-cum., $4,000,000;
par of shares, $100; outstanding, common,
5,918,800; preferred; $3,945,800. Bonds (all outstanding), $3,000,000
trst 30-year gold 6s, due July 1, 1931, int. J. & J., subject to call at
110 as a whole or for a sinking fund of $50,000 annually; Continental
Trust Co., N.Y., trustee; Int. paid at Kessler & Co., 54 Wall St., N. Y.
Dividends on pref., Ik p.c, paid Dec. 20, 1901, Apr. 1 toOot. 1, 1903,
both Inclusive, Ik p. o. quarterly; none since to Apr., 1904; V. 77, p.
2396; V. 78, p 1279. On common, Apr. 1 to July 1, 1903. both inclusive, 1 p. c. quarterly; none since to Apr., 1904. Checks are mailed.
Report for year ending Aug. 1, 1903, given in V. 77, p. 2388,
showed net earnings (over improvements, eto.) $837,604; Int. on bonds
$180,000; dlv. on pref. stock (6 p. c.) $236,748; dlv. on common stock
(4 p. c), $236,752; bal., sur., $184,104.
President, Chas. L. Tutt; Vice-Pres. and Mgr., Chas. M. Mac. Neill;
Sec. and Treas., Spencer Penrose. Transfer office, 54 Wall St., N. Y.
—V. 75, p. 687, 790, 802; (V. 77, p. 2396; V. 78, p. 1279.)
Virginia Iron Coal
& Coke
Co.— Organization.— Owns
far-
naoes at Roanoke, Pulaski, Buena Vista, Radford, Graham, Max
Meadows and Reed Island, Va.; Bristol, Embreevllle and Johnson
City, Tenn., and Middlesborough, Ky.; Radford Pipe Works, Radford,
Va.; Crescent Horseshoe Works, Max Meadows, Va.; steel works at
Middlesborough, Ky., and certain foundry and machine works. Also
owns about 132,000 aores of coal lands, and owns and controls about
209,000 acres iron ore and timber lands, together with half of the
$2,000,000 capital stock of the Virginia & Southwestern Rv., Iuman
Va., coal mines to Mountain City, Tenn., etc., 134 miles. V. 68. p. 675;
V. 69, p. 388. See application to list, V. 76, p. 272.
Stock authorized, $10,000,000, all common outstanding, $8,641,600;
par $100. Readjusted per plan, V. 75, p. 348, 398, 736. The scrip received for Sept, 1903, coupons was paid on May 1,1903. Of the 1st
5s, $2,518,000 have been canoeled, the $829,000 unissued being held to
retire prior lien bonds, viz.: $557,000 Carter Coal & Iron sinking fund
gold 5s, due Oot. 1, 1938, subject to call at 1 05 (Contin. Trust Co., N. Y.,
trustee. President, Henry K. McHarg, N. Y. Office, Bristol, Tenn.—
(V. 77, p. 145.)
Wells Fargo
Co. (Express).—Incorporated under the laws
of Colorado February 5, 1866.
On August 1, 1903, operated on
39,359 miles of railroad. 1,398 miles of stage and 5.552 miles of
steamer routes; total, 46,309 miles. Dividends of 8 per cent yearly
were paid for many years, but the semi-annual dividend paid in July,
1894, was reduced to 3 p. c; 1895, to Jan., 1904, 6 p. o. vearlv(3 J.&J)
Ja
?n£.lnandn; 1902, 2 p. o. extra; In July, 1902. and Jan. and July,
Jan., 1904. each 1 p.c. extra. Chairman. E. H. Harrlman.
1903,
Directors Oct., 1902, V. 75, p. 621, 803.-(V 75, p. 621,803.)
.,„
£, 'lbac,1 Co.— Organization— Incorporated In New Jersey Apr.
28, 1900, as a consolidation per plan (V. 70, p. 898) of the Welsbach
Light and Welsbach Commercial Companies. The United Gas Improvement, it is understood, owns control. Stock, $3,500,000, par $100
DrvipEND8.-2 p. o. paid June, 1901; In 1902, June, 2 p. c; In 1903,
;
&
.
w
Sept. 2, 2 p.
'
c.
D .P^-tP* the $ 7 .<>00,000 gold 5s (Provident Life & Trust Co
Philadelphia, trustee) $409,000 reserved for working capital, eto
Report.— For year ending May 31, 1903, profits were $555,542;' In,
terest and sinking fund, $431,660; charged off, $13,121; dividend
2n
o.,$70,000; bal., sur.. $40,761. In 1900-01, profits, $538,537.
Pres., Hidney Mason; Sec. and Treas., Lewis LUlie. Ottioe. N.
cor
Broad and Aroh Sts., Philadelphia.— V. 75, p. 565; (V. 77, p. 628.)
tc,,e * tcr kl«»t<"e.— ORGANiZATiON.-Inoorporated on Nov.
„
6, 1900, and absorbed various gas and electrlo-light companies supplying territory in Westchester County nortli of New York City. See
71, p. 1023, 1175. Stook (of whioh a controlling interest is owned
by the United Gas Improvement Co. of Phila.), common, $10,000 000preferred. 5 per cent (cumulative after Jan. 1, 1904), $2 50o'ooo
par of shares, $100. Of the gen. 50-year 5s, $4,180,000 are to be'used
from time to time for additional extensions and new properties and
W
^^
.
:
& Fuel
Oo. 6s, due Jan.
1,
1908.
There are also
[Vol. lxxviii.
$250 000 Hudson River Gas & Eleotrio 5s, due May 1, 1929, and $335,000 White Plains Lighting fts, due Jan. 1, 1938, for which no generals
are reserved. For year ending Deo. 31, 1902, gross. $1,037,799; net,
$375,338; int. on bonds, $252,920; bal., sur., $122,418. In 1901,
President, Wm. W. Scrugham; Sec,
gross, $849,153; net, $251,040.
B. W. 8tilwell; Treas., Lewis Lillle. Directors, V. 71, p. 1175; V. 71, p
1175. 1224; V. 76, p. 1412.
Western Telephone
&
Telegraph. Co.—Owns 77 per oent
of the Cleveland Telephone Co., 82 per cent of the Northwestern Telephone Exchange Co. and 83 per cent of the Southwestern Telegraph A Telephone Co., also controlling interest in the MiohlganTel.Co.,
81 per cent of the Wisconsin Telephone Co. and all the $1,200,000
stook of the Postal Telegraph Cable Co. of Texas. These companies
operate in Ohio. Minnesota, North and South Dakota, Texas, Arkansas,
Michigan and Wisoonsln, under licenses from Am. Bell Co., whloh owns
the balance of the stock of the three first named.
Organization— Incorporated in N. J. on Jan. 22, 1902, and purchased,
per plan In V. 73, p. 1359, and V. 74. p. 42, all the assets of the Erie
Telegraph
Telephone Co. V. 74, p. 271, bankrupt but not foreclosed.
The Amer. (Bell) Telephone <fc Teleg. Co. owns control. V. 76, p, 596.
The Michigan Telephone Co., formerly controlled, was s«ld in foreclosure to other parties on Nov. 4, 1903. V. 77, p. 1750.
Dividends.—Div. on pref. Aug., 1902, to Feb., 1904, 4% yrly. (F&A).
&
Bonds.— All the old bonds except $136,000 were retired. The new
bonds are secured by stock and bonds owned. See list, V. 74, p. 893.
Outstanding bonds of proprietary company
Postal Telegraph-Cable Co. of Texas 80-year cold 6s, due Jan. 1, 1928, guarantr
of interest anil sinking fund (sufficient to retire bonds at maturity) assumed om
purchase Mar. 15, 1908. V. 76, p. 835.
Report.— Report for year ending Jan. 31, 1904, with balance sheet,
In V.78, p 1220, showed: total income, $1,238,221; net revenue above
$7,730; depreciation, $699,631; div. on pref. (4 p.c.) $640,000; bal.,
sur.,
$59,631. Office, 125 Milk
St.,
Boston, Mass.— (V.78,
p.
1220.)
Westinghouse Machine Co.— Organization, Etc.— Incorpor-
;
1903, V. 77,
;
:
ated in Penn. in 1 881; manufactures steam engines, steam turbines,
gas engines and Roney mechanical stokers, under Westinghouse patents. Stook was formerly part preferred, but is now all of one kind.
In April, 1903, stockholders subscribed to *2, 000,000 new stock at
$100 per $50-share, raising the amount outstanding to $=•,000 000. V.
74, p. 101; V. 76, p. 756. Dividends at 6 p. o. yearly (Q-J) were paid
to Oct., 1902, Inclusive; sinoe to April. 1904. 10 p. c. yearly (Q J).
The Westinghouse Foundry Co. plant Is 17 miles east of Pittsburg.
V
75 P 398
Bonds.— Of the $1,500,000 5
p. o.
gold debentures, $350,000 reserved
to retire 6 per cents due 1905-1914.
V. 69, p. 854. (See also V. 69, p.
802.) V. 69, p. 1252. President, George Westinghouse ; Vice-Pres.,
E. E. Keller; Treas., T. L. Brow» Seoy., Charles Garland. Office, 25th
St. and Liberty Ave., East Pittsburg, Pa.— (V. 76, p. 756.)
RAILROAD COMPANIES.
SUPPLEMENTARY-See also Tables
Arkansas midland RR.— Owns from
Pa*es 1583 to
1721.
Helena, Ark., to Clarendon, 50 miles; Pine City to Brinkley, Ark., 24 miles. Capital stook,
$1,490,700 (par $100.) Dividends paid: Ln 1895-6. 1-348 per cent;
in 1896-7, -74 p. c; in 1897-8, 1-92 p. c; in 1898-9 (1); in 1899-0,
061 p. o. In 1901 entire stock was acquired by Mo. Pao. (St. Louis
Iron Mountain & So. Ry.) V. 74, p. 206,574. Bonds, $176,000 first
gold 68. due July 1,1911, subject to call at 110; Int. J.&J. Year
1902-03, gross, $120,601; net, $67,518; interest and taxes, $24,740;
dividends, $36,013. President, George J. Gould.— (V. 72, p. 935.)
Calgary
Ry.— Owns Calgary, Canada, to Edmon
on. Can., 191 m., and to Fort MoLeod, Can., 104 m.
In Feb., 1903, a new lease to the Canadian Pacific (which owns entire $1,000,000 stook) for 99 years was ratified, under whioh the 6 p.
c. bonds (£1,121,700) were exchanged for an equal amount of debenture stock, on which interest is guaranteed at 4 p. o. At the termination of the lease the principal of the bonds will be paid at par or a
further lease entered into. V.76. p.434; V. 77, p. 1224.
Government subsidy is £16,000 per annum till July, 1911. Land
grant 1,888,448 aores, of which 407,402 acres unsold held by Government as security for cashjsubsidy. In 1902-03, gross, $687,720; net,
$261,120.— (V. 77, p. 509, 1224.)
Gulf A I iitcr-state Railway of Texas.— Port Bolivar, on
Galveston Bay, to Beaumont, Texas, 70 miles, was owned, of whloh 27
miles from Port Bolivar to High Island was washed away by flood in
Sept., 1900, but was rebuilt and reopened in Oct., 1903. Impt. & Loan
Co., Galveston, is trustee under 1st mtge whioh secures $829,000 of
20-year 5s, due 1915; V. 78, p. 820. Capital stook, $71,000. Year
ending June 30, 1902, gross, $15,760; def. under oper., $2,342. V. 70,
p. 1249; V. 71, p. 182, 698. On Mar 13, 1904, receiver was discharged;
V. 78. p. 1167. In June, 1902, $5,000 receiver's certificates were
authorized for repairs; V. 74, p. 1308. President L P. Featherstone,
Beaumont, Tex.; let Vice-President, F. M. Hubbell, of Des Moines, la ;
Sec, L L. Featherstone; Treas.. John W. Campbell— (V. 74, p. 728,
1308; V. 75, p. 342; V. 77, p. 823; V. 78, p. 820, 1167.)
Interoceanic Railway of Mexico, Limited.—Vera Cruz to
Mexico City, Mex., 342 miles; Los Reyes to Puente de Ixtla, 123
m.; Los Aroos to Tlaoualpioan, 72 m,; San Lorenzo to Orieatal, 73 m.
and Cuantle to Atencingo, 42 m., opened June, 1903, other, 18 miles
& Edmonton
,
total.
670 miles.
In Nov., 1901, the Mexloan Eastern Ry.. Limited, was formed, with
£10,000 share capital, all owned by the Interoceanic, and purchased the narrow-gauge line from San Marcos to Tezultlan, 79
miles, and built from Vlrreyes to San Nicolas, 61 miles, the whole
being leased for 80 years for a rental suffloient to meet the general expenses and interest on the debenture capital, of whloh £400,000 has
been issued for purchase and extension of the road, and in addition,
after 1920, a fund toward the redemption of the debenture stook. The
company will have the right after June 1, 1914, to purohase the Mexloan Eastern Ry. by redemption of debenture stook. V. 73, p. 1263.
Organization.— In 1896 reorganized per plan in V. 62, p. 364. Dj
Sept., 1902. Mexloan Gov't seoured control. V. 75, p. 793, 907, 981.
The Nat. RR. of Mexico in 1903 acquired practical control, owning
£1,038,400 of the second debentures, £907,500 ordinary and £102,000 cumulative preferred stock. V. 76, p. 1192; V. 77, p. 769. Consolidation with the National Company was authorized in 1903.
Securities.— On Deo. 14, 1900, £1,300,000 of 4»« p. o. 2d debenture
stook was authorized. See olroular, V. 71, p. 1120, as to rights, eto.
Of the seoond debenture stock £150,000 was sold to the shareholders
and £1.000,000 to the Government of Mexioo at 90^ per oent, to retire
the £735,391 seven per oent "A" debenture stock called for payment
on Mar. 31, 1903. V. 75. p. 907, 981; V. 76, p. 382.
Earnings.—July 1 to Mar 19, 1901 (8% months) gross, $4,073,180,
against $3,678,460 In 1902-3.
rear ended June 30:
Qross.
Net.
Net in £.
1902-03
(Mex.) $5,224,396
(Mex.) $349,609
£65.439
1901-02
(Mex.) 4,312,461
(Mex.) 883,953
73,320
Net revenue account for 1902-03 showed £14,933, applied to interest on 4 *« p. c. debenture stook. Sec, C. E. Soruby: Treas. H. Frlederiohsen. 9 New Broad St., London
(V. 77, p. 2035; V. 78, p. 287.)
Mexican Railway, Limited.— City of Mexico to Vera Cruz,
264 miles; Puebla branch, Apizaoo to Puebla, 29 miles; Paohuoa branoh,
Ometuseo to Paohuca, 28 miles; total, 321 miles.
Organization.— Incorporated Aug. 20, 1864, as Imperial Mex. Ry.
Dividends on J 1897. 1898. 1899. 1900. 1901. 1902. 1903.
1st pref. (p.c.) I 26 la
2^
3^
27 l6
3%
2
l^
INDUSTRIAL STOCKS AND BONDS.
Apr., 1904. J
Earnings.—Jan. 1 to Mar. 26, 1904, 2\ months (Mexican currency),
gross, $1,431,500; in 1903, $1,330,100. For 6 mos. ending June 30,
1903, gross, f 2,727,503; net, $1,000,940; total net revenue, 484,603;
deb. interest. £60,000; dividend, 15 16 p. c, 423,944. For sear 1902,
gross, $5,145,791, against $4,402,298 in 1901; net above operating
expenses, $1,954,100; total net revenue, 4175,852; deb. interest,
c, 455,870.
Secretary, John T. Dennlston, London, Eng.
4120,000;
Broad St.,
dlv., 23,. p.
E.
London
C— (V. 66, p. 1001.)
offices,
45
New
Mexican Southern Railway, Limited.— Puebla to Oaxaoa, Mex., 228 m.; sidings, 11 m.; all narrow-gauge; branoh, 32 m.,
Tehuacan to Esperanza; other, 3 m.; total, 262 m.
Organization.— Chartered in 18.89. Concessions commuted by payment in 1892 by Mexican Government of $8,000,000 6 per oent 50year silver Mex. Govt, bonds. These bonds are subieot to sinking
fund of Jfl per cent per annum, and expire June 8, 1990, when the
road passes to the State without payment, except for stations, rolling
stock, etc. In 1896 reorganized per plan in V. 63, p. 229.
Securities.— Principal of 1st debenture stock is redeemable at 110
per oent out of sinking fund from redemption of $8,000,000 Mexioan
silver bonds, deposited under trust deed. Interest on 2d debentures
is payable only out of profits on Feb. land August 1. On ordinary
shares 1 p. o. was paid for year ending March 31, 1897; year 1897-8,
1HV. c; 1898-9, l>fl p.c; 1899-0, 2 p.c; 1900-1, 2^ p.c; '01-2, 2*a p. o;
'02-3, 2 p. o.
Earnings.— Year ending March 31, 1903, gross, 481.024; net, 427,372; total net income, including interest on $8,000,000 Mex. Govt,
subvention bonds, etc., 467,634; charges 451,918; div. (2>« p. o.), 420,000; bal., forward, 414,750; bal., 410,466. In 1901-2, gross, 483,236;
net, 431,805. April 1, 1903, to Mar. 31, 1904, 12 mos. (Mex. cur.),
gross, $1,051,413; in 1902-03, $955,115.
Officers.- Chairman, G. E. Paget; Seo. Thos. Linton, 53 New Broad
St., London, E. C.-(V. 63, p. 229, 1112.)
Houghton, Mich., to Calumet, Mich., 14
Mineral Range
miles; Hancock to end of track, 27 miles; branches, 27 miles; South
Range extension, Keweenaw Bay to Riddlet Junction, 36 miles, opened
Deo. 24, 1900; trackage, 24 miles; Mohawk BR. operates 14 miles; total, 142 miles, all standard gauge.
History, Etc.—Reorganized in 1891. On June 1, 1901, the Hancock
<fe Calumet RR. was
merged (V. 73, p. 785). In year 1895 paid dividends lOis p. o.;in 1896,7 p.o.; 1897, 7 p. o.;1898, 3^ p. a; none since to
1903. In Mar 1903, authorized BtocK was increased to $1,200,000;
RR.-
,
outstanding, $923,400, par $100.
Bonds.— Consols for $7,000 are reserved for $11,100 old bonds.
Of the $593,000 outstanding, $339,000 are 5s; the Canadian Paolflo
on June 30. 1902, owned the remaining $254,000 (which are 4s), and
the $1,000,000 general mortgage 4s, both of which it guarantees as to
Interest. V. 75, p. 554. See V. 73, p. 556, 616; V. 73, p. 785. Of tonnage In 1901 73 p. c. was ores and mining products.
Earnings. -For 8 months ending Feb. 29.
Oro88.
Other inc.
Charges.
Balance.
8 mot.
Net.
1903-4
def.$40,68l
$384,513
$34,794
$534
$76,009
1902-3
364,311
55,377
1,683
78,073
def. 21,013
Report.— For year ending June 30, 1903, gross, $560,458; net
overtaxes, $71,835; other income, $2,637; interest, $83,360; defiolt,
$8,887.— (V. 73,
p. 785.)
RR.—
North Wisconsin
Soanlon, Minn., northeast 38 miles to timber lands in St. Louis County; extension proposed
to Duluth & Iron Range RR., 12 miles. Stock authorized, $350,000
Bonds mature $30,000 yearly on Jan. 1 to 1907, inclusive, and balance
on Jan. 1, 1908, and are guaranteed, principal and interest, by the
Messrs. Brooks Brothers and M. J. Scanlon, and cover in addition to
road 20,000 acres of land in Beltrami and Hubbard Counties, Minn.;
the Minnesota Loan <fe Trust Co., of Minneapolis, is mortgage trustee.
V. 74, p. 379. For year 1902-'03, gross, $209,516; net, $30,661; chgs,
$21,914. Pres.,D. F. Brooks; Sec, H. E. Gibson; Treas., P. R. Brooks.
Muscatine North &. So nth
Muscatine, Iowa, to Elrlofc,
on Iowa Central, 28 miles, with which has trafno contract. In March,
1903, Charles Howard was appointed receiver. V. 76, p. 654. Foreclosure sale was set for Oct. 1, 1903. Stock, $450,000; par, $100. Year
1902-3, gross, $48,624; def. under oper., $21,070 President, Walter
M. Gorham, Phila. (V. 76, p. 654; V. 77, p. 196, 695.)
Brunswick Coal
Ry.—Norton Station (on Intercolo"
nial Railway) N. B., to Chipman, N. B., 46 miles, opened in 1888»
Name ohanged from Central Ry. of New Brunswick early in 1904. 8tooki
$900,000. all outstanding. Bonds issued, $540,000 fifty-year coupon
6s ($1,000 each), due Nov. 1, 1937, int.. M.-N., payable in New York,
N. Y., London, England, and St. John, N. B.; Central Trust Co., N. Y.,
Trustee. Year ending June 30, 1902, gross, $7,332; def. under operas
ing, $29,394. Pres., O. N. Skinner, St. John, N. B.— (V. 63, p. 116.)
Minnesota
&.
RR.—
New
&
Northern Consolidated Holding Co.—
Organization.— Incorporated In Ontario, Canada, late in 1903. Holds
a majority of the stock of the Great Northern Railway of Canada
(which see below); also of the Montfort & Gatineau Colonization Ry.,
Montfort Jet. to Arundel, 33 miles, a bran< h of whloh is to be built
from St. Jerome to St. Sauveur, 13 ^ miles, and of the Chateaugay <fe
Northern Ry., Joliette to Montreal, 36 miles.
Control will be held by the Canadian Northern and Great Northern
Ry. of Canada interests, ensuring the operation of the two systems
practioally as one property. V. 76, p 704. Stock authorized, $8,000,000, all of one olass. President, James S. Lovell; Secretary. William
Bain.
(V. 76, p. 704.)
& Youghlogheny Ry,— Owns from CharBeeohmont, 19 m. trackage (Chartlers Ry.), 2 m.; 21 miles in
all.
Stock outstanding, $700,000,owned jointly by guarantors mentioned below. Dividends— In 1895, 4 p. c; 1896, 11 p. c; 1897, none:
1898,7 p.o.; 1899, 1 p. c; 1900. 4 p. c; none since. Of the 4 s half
are guaranteed (endorsed) by Pitts. Cln. Chic & St. Louis, the other
half by the Pittsburg & Lake Erie. See guaranty, V. 56, p. 650. The
$308,000 first 6s were paid at maturity on Feb. 1, 1902, in cash borborrowed at 4 per cent per annum. In year ending Deo. 31, 1903,
gross. $348,259; net. $109,494; int., etc., $37,510; improvements,
Pittsburg Chartlers
tiers to
$157,336;
:
def.,
$85,321.
Ohio River A western Ry.— Owns Bellaire.O., to Mill Run,
O.,
Ill miles, three-foot gauge; trackage to Zanesville, 1 mile. Also owns
majority stock of International Coal Co., holding 25,000 acres adjoining road. Successor Jan. 1, 1903, to Bellaire Zanesville & Cincinnati
RR. To be standard-gauged and operated by steam for freight and
electricity for passenger business. Stock, common, $3,000,000; pref.,
6 p. c. non-oum., $2,000,000; par of shares, $100. Bonds are subject
to call, in whole or in part, in or after 1908 at 110. V. 76, p. 48, 102.
Latest Earnings.— 8 mos., > 1903-4. ...Gross, $138,956; net, $3*/755
July 1 to Feb. 29.
{ 1902-3.... Gross,
127.830; net, 41,369
In year ending June 30, 1903, gross. $197,674; net, $67,151
Pres., Arthur E. Appleyard, Boston; Sec, W. R. Pomerene, Coshocton,
O.; Treas., W. R. Mitchell, Bost.— (V.75,p.ll48; V. 76, p. 48, 102, 159.)
Rock
&
Island
Peoria Ry.— Owns from Rock Island. 111., to
Peoria, 111, 91 miles R. I. & Mercer County RR., 22 miles branoh, 5
miles total 118 miles. Leased by the Chicago R. 1. & Pacifio for 999
rears from June 1, 1 902, for fixed charges and 6 per cent on the stock.
In Sept., 1902, the Chic R. I.
Pac had aoquired by exchange, share
for share, for its own stock all except $31,500 stock not already owned.
V. 74, p. 1197, 1253 V. 75, p. 30. In year ending June 30, 1901, gross,
783, 599; net, $61,446; other inoome, $7,303; interest on bonds,
f27,000; taxes, $41,777; div. (5 p, c), $75,000; bal., deficit for year,
;
:
&
;
1747
$75,030. Dividends at 5 p. c per annum have been paid; In 1892 an
extra 10 p. c was paid; in 1896 an extra 5 per cent. For bonds see
Roek Inland On. on a preceding page. Chic. R. I. & P. Ry. 4s of 1904
a»e reserved to retire these when due.— (V. 75, p. 30.)
Owns bridge comSt. Clair Madison Sc St. Louis Belt
pleted across the Mississippi River at Alton, 111., in 1894; also 2 miles
of road. The bridge is 2,100 feet long and laid for double-track. In
Apr., 1901, reorganized without foreclosure, per plan V. 72, p. 288,
the old 5s reoeiving 125 per cent in the new 4s, which are subject to
oall at 105 after 5 year*. In Mar., 1904, ten of the roads interested In
the Terminal RR. Association of St. Louis purchased or proposed to
purchase the property. V. 78, p. 1393. For year ending June 30,
1903, gross, $55,663; net, $28,891; charges, $39,353; bal.. def., $9,462,
V. 72. p. 676. Stook. $500,000; par $100. Treasurer. E. J. Costigan,
No. 300 Fourth 8t., St. Louis, Mo.- (V. 77, p. 38, 2340; V. 78, p. 1393.)
Velasco Brazos Northern Ry.— Road from Anchor to Yelasoo,
Tex., 20 mtles. In Sept., 1903, representatives of the Denison Bonham New Orleans acquired oontrol. V. 77, p 825. 8tock authorTn Feb., 1902, obtained authority to issue $200,000
ized, $200,000.
bonds. V. 74, p. 207. For year 1902-03, gross, $41,857; deficit under
oper. exp., $1,870 -(V. 73, p. 1113; V. 74, p. 207; V. 75, p. 343; V. 77,
RR.—
&
&
p. 825.)
Warren & Corslcana Pacific Ry.— Warren to Campwood, Tex.,
20 miles; extension projected from Warren to Corslcana, about 150
miles Stook, $100,000; par of shares, $100. In Nov 1901, application was made for authority to issue bonds at $15,000 per mile. President, J. T. Campbell of Houston, Tex.; Treas. and Gen. Man., I. L.
Campbell Secretary, Y. W. McNeil For year ending June 30, 1903,
gross, $36,892; def. under oper. exp., $11,449.-(V. 77, p. 1226 )
Washington & Franklin Ry.— Hagerstown, Md., to Quinsonia,
Pa., 14'37 miles; was built in 1898 and extended from Quinsonia to
Zumbro, 5 miles. The line is leased to Western Md. at 5 p. c on cost.
Stook, $150,000, was increased for Improvements authorized In
Apr 1901. estimated to cost $78,750 In Aug., 1901, made a mortgage to the Reading Trust Co., as trustee, to secure $475,000 first
mortgage 5 per cent gold bonds, covering the Aitenwald cut-off of the
Western Maryland— (V. 72, p. 676 V. 70, p. 478; V. 73, p. 392.)
,
;
.
;
INDEX TO ADDITIONAL COMPANIES.
Vol. Page.
& Iron
78
69
Alabama & Georgia Iron
Alabama Steel & Wire Corp.. 75
Ala. Consol. Coal
226
907
W88
American Brake Shoe &
2392
77
Foundry
76
1028
American Caramel
72
672
American Cement
1014
71
American Confectionery
818
78
American Cereal
Amer. Blec. Heating.. SUP. July, 1898
1225
78
American Grai;h-o-pbone
77
lb76
American Grass Twine
990
Amer. Hawaiiun Steamship.. 78
Amer. La France Fire Eng, ..'78 1393
617
73
American Lime & Stone.
96
74
American Lumber
431
Amer.Mutoscope &Biograph.70
1226
78
Amer Pipe Manufac'ng
70
586
American Rice
American School Furniture.. 76 1028
1402
75
American Screw
885
74
American Sparklets
Amer. Woodworking Macb..73 1S58
—
Ames
Shovel
73
78
77
Associated Oil Co
78
Atlas Tack
75
Atlantic Transport
Baltimore Brick
76
76
Berlin Paper Mills
Borax Consol. Limited
78
Borden's Condensed Milk. ...76
70
Boston Quicksilver
British Columbia Pack. As'n.76
Brooklyn Borough Gas
70
Brooklyn Gas A Elec. Light.. 73
73
Butte Electric & Power
Calif. Gas & Elec. Corp
76
72
Canada Furniture
Armour & Co
Carter-Crume Co
71
76
Casein Co. of America
77
Central Coal & Coke
Central Hudson Steamboat.. 71
73
Central Oil
76
Chicago Pack. & Provision
Chicago Railway Equipment.78
Cincinnati Edison Electric. ...74
Cincinnati Gas & Electric... 78
City of Chic. Brew. & Malt... .77
Cleveland & Sandusky Brew. .77
Columbian Elec.CarL.&Bike.70
78
Columbus (O.) Edison
Computing Scale of America.77
Consol. Telephone of Penn. .73
Continental Cotton Oil
70
Continental Ry. Equipment. .77
Contra Costa Water Co
78
CrampSteel
78
77
Danville Bessemer Co
Diamond State Steel
76
Deere A Co., Moline, 111
76
Denver Union Depot
69
Dupont (E I.) De Nemours.. 78
Eastern Milling & Export.... 78
.
Eastman Kodak
78
78
Electric Corporation
Electro-Pneumatic Transit. .76
Federal Smelling A Refinlng.78
Federal Sugar Refining
75
Federal Telephone
78
Flemtngton Coal & Coke
74
Forward Reduction.
75
Fowler Bros.. Llm
76
Gottlieb- Bauern. Straus Br'w.77
Great Northern Paper
77
Great Western Cereal
78
Greeae Consol. Copper
78
GufiVy (J. M.I Petroleum... .77
Hammond
(G. H.)
Co
75
Harbison- Walker Refract's. .77
Harper & Bros
75
Houston Oil
78
Hudson River Telephone
78
Hudson River Water Power. 7«
Illinois Brick.
78
Illinois Tunnel
78
International Car Wheel
74
Intern. Kmery & Corundum.. 71
Internationa) Fire Engine. ..78
Inter. Smoke. Powder
&Cbem.78
Inter State Telepb. of N. J. ..78
Jersey City Water Supply.... 74
Jones & Laughlin Steel Co.. ."56
Kanawha AHock.Coal &Coke.78
Kansas City Stock Yards
77
Kern Incandescent Gas- L.... 70
Kirby Lumber
78
393
ma
1748
331
1088
908
1033
1169
666
635
644
586
618
139
753
482
1117
833
34
238
186
764
1273
729
931
2282
2282
178
1146
463
1013
688
1876
346
106
22*8
1405
481
494
1226
1112
149H
46
294
1170
561
1500
729
]S5fl
79
1876
362
60
1448
1297
293
2338
1089
1600
1449
J 277
1226
820
271
1015
139S
1*26
771
730
1088
46
301
634
If
01
"8
823
Lanstoo Monotype Machine. 75
Lincoln Gas & Electric
73
13S
85
92
186
2101
440
La
Belle Iron
Works
Louisville Lighting
Manhattan Oil
Manhattan Transit
Manhattan Typewriter
77
72
77
72
VoU Paoe.
Manufactured Rubber
76
105
1037
ManvilleCo
72
Marconi Wireless Telegraph. 78 1273
141
Massillon Coal Mining
73
'6
Mexican ^oal & Coke
1411
78 1278
Michigan 8tat e Telephone
587
Milwaukee & Chicago Brew.. 78
Missouri Ed. Elec. Co.of St.L.77
Valley Steel * Wlre,76
Mobawk
Monongahela Light & Power. 73
76
Montreal Light, H. & V
Mosler Safe Co. of Boston
National Car Wheel
National Cash Register
70
77
76
76
National Fireprooflng
National Gramophone
73
Nat. Roofing & Corrugating.. 71
National Sugar Refining
72
National Typewriter
68
New England Brick
78
England Consol. Ice
77
New
77
New Haven Iron & Steel
74
New Jersey Zinc
New Orleans Brewing Co. .....73
New Orleans Gas Light... 8T Rt.
Newport News Ship Building
76
& Dry Dock,
New York Auto-Truck
69
N. Y. & Ontario Land.. SUP Jan
N, Y. & Penn. Tel. & Tel.
71
New York Shipbuilding
76
Fork Suburban Water.. 74
New
N. Y. Transporta ion, SUP.. Jan
North. Ala. Coal, Iron & Ry .72
North Amer. Lumber & Pulp.76
Nova Scotia Steel & Coal ... 76
Oceanic Steamship
76
76
Ogden Gas Co. of Chicago.
Omaha Elec. Light & Power. 77
Passaic Steel Co., Paterson..76
Pearsons-Taft Land Credit.. .77
Pennsylvania Coal & Coke... 78
Pennsylvania Furnace
77
Penna. Sugar Refining
78
77
Pittsburg Brewing
Pittsburg Plate Glass
78
Pittsburg Stove & Range
74
71
Pitts. Valve & Constr
72
Pure Oil
Qaaker Oats
78
76
Quaker Portland Cement
Railroad Equipment
73
Railway Automatic Sales.... 76
Rapid Transit Ferry
68
Reece Buttonhole Machine.. 78
Rhode Island Perkins Horse1
.
.
Shoe July, '03, Sup.
Joseph Stock Yards
73
St.
St.
St.
Louis Consol. Elevator.... 69
Louis Nat. Stock Yards.. 74
St.L.Tenn.Cup. Stat. & Prop.74
Schoenhofen( Peter) Brew.Co.77
76
Seacoast Packing
78
Sharon Steel
John) Co of Cincin.69
Shilllto
Snoqu. Falls & Wh. Riv. Pow.75
Sprague Electric
74
78
Spring Valley Water
78
Standard Chain
Standard Shoe Machinery.... 73
78
Standard Steel Car
72
Standard Typewriter
Standard Underground Cable.78
76
Stetson (John B.) Co
77
Storage Power
Street's West Stable CarLine.78
(
77
Street Ry. & Ilium. Prop
Susquehanna Iron St*>eL. .77
Tacoma Land & Improvem't.77
78
Tennessee Copper
Torrington Co
73
it,
Tripler Liquid Air
.
75
Union Brick Co. of New Eng. 70
Union ElectricL ight& Power,
40
1358
1163
1033
840
828
1262
661
618
346
483
872
1449
1750
773
99
36
StTP.
1309
1196
1900
1123
1306
99
1904
242
S90
976
978
1601
301
978
826
1226
454
992
2167
1D90
730
1015
876
818
814
36
33
1134
1396
866
767
*095
1143
627
766
1227
229
1043
1143
887
992
1268
1114
444
346
269
160
824
613
2162
87
992
1206
608
88
1808
2*8
986
1209
...SUP. Jan., 1903
U. S. Coal & Oil
466
77
United States Finishing
993
78
United States Glass
774
78
United States Gypsum
1601
78
United States Packing
84
U. S. Pneum. Horse Collar.. ..73
684
74
United States Printing
347
78
Untvet sal Tobacco
1171
78
Utah Fuel...
46
78
Utica Gas & Electric
1229
77
Vulcau Detinning
8288
77
Washburn Wire
1262
69
Whitebreast Fuel
291
78
White Mountain Paper
St. Louis....
78
77
Union Iron* Steel
Union Nat. Gas Corp., Pitts. ."IS
75
U. S. Bobbin & Shuttle
Youngstown Iron Sheet &
74
Tube
484
b
'.
.' .
..
.
.
'
.
.
.
.
1
BANKS, TRUST
1748
NEW YORK AND BROOKLYN BANK8.
Capital.
COMPAXIKS
Surplus Aundivid'd
(*
COS.,
State banks.)
Dividends.
3
.
INSURANCE
COS.,
[Vol. lxxviii.
ETC.
NEW YORK AND BROOKLYN TRUST COMPANIE8.
(For detailed statements see Chronicle F^b. 6, 1U04.)
Surplus & Dividends paid in '02 and
Capital.
and also last dividend.
Undiv'ed
'03,
Par Amount. profits, t Period 190'J 1903. Latest. %
Companies.
Profits
New York *
19 Jan. '04.10
America'.... 100 1,500,000 3,562,400 J. A J. 1/
Par Amount. Deo31'03 Period. '02. '03 Last Paid. %
May '04. 4
8
8
Am. Exch... 100 5,000,000 4,127,100 M. &N.
20
20 May '04. 5
100 350,000 546,900 Q.-F.
Bankers'
Astor
100 1,000,000 557,061 Began busi ness April. 19O3.0T
May '04. 3
Jan ,'04. 3
13
3
Bowling Gr'n. 100 2,500,000:2,790,8 11 J. & J.
Bowery .... LOO 250,000 775,900 Q.-F. 13
(t>
Jan. '03. 6
12
6
Broadway
Broadway
J. A J.
25 1,000,000
100 700.000 119,143 Beg. bu 8 M' y'02 V 74,p.767,»65
20 Jan ,'04. 6
70,900
50,000
Bron \K »ro* lot'
Cent. R.B.AT. 100 cl ,000,000 7,350, 150 J. A J. 6
wo Aur.,'04.15
Central
Butoh's'ADr 25 300,000 117,500 J.'&'j. None None Jan. '04 3
ilOO 1,000,00013332919 Q.-J. 60
Jan. '04. 4
Fell ,'04. 4
re>
8
City
8
8
Central c ... 00 1,000,000
J. A J.
8
IlOO 1,000,000 1,769,7^6 F. & A
58,700 Org. A11 r.'Ol. V 72 p. 755.
10 Jan. .'04. 5
Colonial
Century *... 100 100,000
[100 1,000,000 1,468,871 J. A J. 10
14,40o Beg bu s A pr.l '02. V.74,p.657
20 Jan. '04.10
Chase
LOO 1,000,000 3,955," 00 J. A J. 12
Coiu'nwealtho 100 500,000!
Apr. '04. 4
Chatham
450,000 1,091,800 Q.-J.
16
16
6 Dec, '03. 1J«
Continental t,.. 100 1.000,000 3,400,045 Q.-M. 6
66,1<>0 Beg. h. 8. Ap r.'03. V. 76. p. 1006 Eastern
Chelsea Ex.* 100 100,000
100 1.000,000 972.282 Beg.bu s.Ju ly'O 2.V. /5,p.9. 12
100
Chemical.
300,000 7,595,100 Bi-m'ly. 150 150 May 04.25
Empire 8ftertll00 r/50O,000</ 1,000,000 Org. in 190 2;V. 75, p. 1231.
541,700 J. cv .1.
Q-M. 6 9 Mar.,*04. 2>*
Ortiz's' On. e 100 e2,550.»'0
Equitable
'100 3,000,00i (9,037,76
6
6 Jan. '0'04.
May
n
Farm. L. & Tr. 25 1,000,000:7,015,404 Q.— F. 40 40 May, '04.10
Otty
.|100 25.000.000 17,6; 6,900 M. A N.
6
12 Mar, '04. 3
300,000 200,000 it e foot note
Fifth Avenue.. 100 1,000,000 1,:- 00,702 Q.-M 17
Coal A Ir d
25 Mar ,'04. 5
Colonial" ...1100
Guar.Tr.,N.Y.. 100 2,000,000 5,102,577 Q.-M 12
100,000 226.V.00
None None Ian. '04.
'04.
Jau
Guardian
Columbia*.. 100 300,000 266,000 JVa'j.
8
1100
8
500,000 fWO.260 Beg bu sAg •02.; V. 75, p. 422.
66i«p Apr. '04.
Commerce pjlOO > 5 OOo.Of 11.860.000 Q.-J.
Knickerbock'r 100 1,000,000 2,356,141 J. A J. 7 20»* Jan., '04.17
8
Cons'lidated 100 1,000,000 1,116,100 Onr Jul y,'02; V.75 p. 588,643. Lincoln
ar'O 2 V. 75, p. 114.
100 500,000 500,000 Org.
56,200 V.76.p 1170, 1277.
Cooper Ex.* 00 100,000
Manhattan
10 Jan., '04. 5
6
30 1,000,000 1.S45.650 J. <fc J
*
'04. 7
Feb
Corn Exoh 100 2,1 00,000 3,291,300 P. A A. 12
McVio. Rlty '/ 100 500,000 505,948
14
39,108 Beg. bu s. Jul y,190 3 V.77.D 121 Mercantile
30 Apr.,*04. 5
Discount*.. 100 100,000
IlOO 2,000,000 6,190,900 Q.-J. 30
Jan. '04. 4
Merchants
East River. 25 250,000 141,800 J. & J.
100 500,000 1,239,753 8ee V. 69, p. 1 131, 1227.
8
8
(h)
Jan., '04. 8
Equitable h 100 x 200.000
13
Metropolitan 100 2,000,000|5,958,064 J. A J. 10
Org. Ma y,i9o 2; V 74, p. 1119.
57,800 J. A J
Jan '04. 5
Morton
Federal */. 100 2n0,00O
100 2,000,00016,086,789 Q.-M. 15 20 Mar ,'04. 5
Mut. Alliance. 100 500,000 518.227 Beg. bu s.J'l y,'02 V.74,p.917,133fl
Fidelity*...
00 200,000 119,100 See V. 71,'p. 735. 1147.
Fifth
100 250,000 380,600 J. & J
N.Y.Lf.I.ATr 100 1 ,000.0003.927,744 J. A D. 40 40 Dec, '03. 20
12
12 Jan.'Oi. 6
'04.25
Feb., '04. 8
Fifth Ave*.. 100
N.Y.Seo.ATr.6 100 63,000,000: '•9,000,000 Q.-F. 29 32
100,000 1,745,300 Q.— J. 100 200c Ayr
First
No. American 100 2,000,000 3,143,607 J. AD. lOHs 7 Dec, '03. 3i«
100 10.000,000 13,714,000 Q.-J.
20 Apr. '04. 5
25
Fourth
100 3.000,000 3,017,400 J. & J.
7 Jan. '04. 3*a Real Estate... 100 500,000 655,823 J A J. 9 10 Jan., '04. 5
7
Nov.OJ. 3
14th Street* 100 100,000 112,000 M. A N.
Standard
6
6 Dec, '03. 3
100 1,000,000 906, 24 J. AD. 6
6
12
Mar ,'04. 3
Gallatin
Title Gu.ATr.. 100 4,375,000!4.405,035 Q.-M. 15
12
Apr. '01. 6
50 1,000,000 2,223,900 A. & O. 12
Felt. '96. 2*2
913 Apr, '04. 2
Gansevoort* 50 200,000
78,000 F. A A. None None
Tr. Co. of Am. 100 2.500.000 3.074,850
J.
7
Garneld
Union
100 1,000,000 1,274,100 Q.-M. 20
20 Mar.'04. 3
100 1,000,000 7,961,531 Q.-J. 40 50 Apr ,'04.12i«
Germ'nAm.* 75 750,000 513,300 F. & A
Feb. '04. 3
U.S.Mort.ATr. 100 2,000,000 3,415,3*5 See Mi seel lane ous Cos.
6
6
Germ'n Ex.* 100 200,000 665,500 J. A J 13
United States. 100 2,000,000124,6905 J. A J. 50 50 Jan., '04.25
14 Jan 'Ot. 7
Germania*. 100 200,000 882,700
Van Norden.. 100 1,000,0001,101,224 Beg. bu 8.
ar.'O 2. V.74, p. 767
A N. 20
20 May '04. 10
Green wl oh*. 25 500,000 537,700
May '04. 3
12
Washington
Apr., '04 3
6
100 500.000 952.515 Q-J. 14
A N. 6
Hamilton* 100 200,000 120,2)0
Windsor
6 Jan. '04. 3
100 1,000,000 475,042 V.75,p .9,7 11. 1378, 1331.
A J
6
Hanover
100 3,000,000 6,460,000
Brooklyn.
10 Jan. '04. 5
& J 10
lmp.& Trad. 100 1,500,000 6,681,400
Brooklyn
Apr., '04. 4
100 1,000,000 1,903,621 Q.—J. 16 16
20 Jan. '04.10
A J. 20
Internat'l*. 100
100,000
5,900 Beg. bu s. Ma
6 Jan., '04. 3
100 200,000 14-t.OOO J. & J. 5
03 V.76 p. 1277 Flatbush
Irving
Franklin
50 1,000,000 1,047,300 J. & J.
M. 12 12 Mar ,'04. 3
Jan 'o4. 4
100 1,000,000 1,514,3941
8
8
Jefferson*. 100 400,000
271,200
May. '04 2
8
Jan '04. 2 Ha Hamilton
100 500,000 874,7451 Q.— F. 8
Leath. Mfr y 100 600,000 919,900 J. & J. 10
Kings County. 100 500,000 1,302,207 Q.— F. 10 10 May, "04. 2**
11 Jan. '04. 6
Liberty
100 1,000,000 l, u 39,800 Q.-J
Longl.LATr.. 100 1,000,000 1,488,218 Q.—J. 10 10 Apr., '04. 2i«
Apr. '04. 4
20
16
Linooln
Nassau
100 300,000 1,320,500 Q.-F
Feb '04 3
100 500,000 506,108 F. A A. 6
6 Feb., '04 3
18
18
Maiden L'^ 100 19 =1,900
9,500 Began ua. F eb. 1,* 04 V 78,p.fl8i Peoples..
Apr.. '04. 1
100 1,000,000 1,573,102 M'thly. 12 12
Manhattan
Williamsburg 100 700.000 535,470
J.
Apr.. '04 2
50 2,050,000 2,3*w.30O J A J 10
8
9
12 Jan. '04. 6
Mkt A Fult 100 1,000,000 1,273,900 J. A
10
10 Jan.'Oi. 5
a Trust Co. of Republic reorganized and name cbaneed as above. V. 76, p.
Mechanics' p 25 72.000,000 a2,812,«"0 .1. &
117. 1332; V. 77. p. 174, 6 9.
Jan. '04. 4
8
8
6 In March, 19U4, Continental and N. Y. Security
Mech. & Tr
& Trust cos. consolidated under name Of latter. V. 78, p. 7*3, 797, 10 6.
e In
25 700,000 346,-00 J.
Jau. '04. 4
3
8
March, 1904, capital reduced from **,000,000. V. 7S. p. 7h7, 10H7.
d The EmMercantile 100 '3,000000 4,424,300 J. A
Jan.'Oi. 4
8
7
pire
March, lnOt,
Kea'ty
Merchants'
50 2,000,000 1,413,900 J. &
7 Jan. '04. 3ifl nameState and McVickar Co. V. trust 008 were merged in 8sl, 797, HOI,under
7
142ii.
of Empire Trust
77, p. 2269; V. 78, p. 551,
Merch. Ex. 50 600,000 361,400 J. &
6 Jan. '04. 3
6
9 See V.76, p. 244, 685. 731.
Metropolis* 100 1.000,000 1,470,700 J. A D
Deo '03. 6
12
12
YORK AND BROOKLYN FIRE IN8URANCE COMPANIES.
Monroe*..., 100 200,000
61,000 Beg. bu s. Au g., '0 3.V.77,p.229
Mt. Morris*. 100 250,000 118,900 M. &N, None
8 May '04. 4
Net surp.,
Dividends.
Capital
Mutual*
100 200,000 178,300
8eeV.74,p.706
Companies.
Dec. 31,
Nassau*
50 500,000 313,400 M. & N.
Nov. '03. 4
8
8
1903.* 1901. 1902. 1903. Last Paid. %
Par. Amount.
N. Amst'm. 100 500,000
561,300 Q.-J.
32 Jan. '04, 8
24
New York.. 100 2,000,000 2,536,000 J. & J. 10
Jan. '04. 5
10
7 Jan., '04. 5
100 500,000 430,283
Com'nw'lth
6
6
N. Y. County 100 200,000 660,700 J. & J. 50
75 Jan. '04.50
30 Jan., '04.18
Continental.
100 1,000,000 6,563,428 25
25
N. Y. N. Ex. 100 1,000,000 891,200 Q.-F.
May '04. 2
6
8
25,492 None
Empire City. 100 200,000
3
NoneJan.,'03. 3
Nine'th W'd' 100 200,000 204,000 J. A J. None None Jan. '97. 3
30 Jan, '04.15
German Am. 100 1,500,000 5,633,249 30
30
N. America 100 2,000,000 2,079,100 J. & J.
Jan. '04. 4
8
8
Ger.Alliance 100 400,000 501.40K
10 Jan., '04. 5
6
6
Northern
100 300,000 209,500 Org. in Apr.' 02, V. 74, p. 1065. Germania
16 Jan.,'o4.10
50 1,000,000 2,51t,464 15
16
Oriental*
25 750,000 1,042,000 J. A J. 10
'04. 5
10 Jan.
Hamilton
15
150,000
33,839
6
6 Jan., '04. 3
6
Paolflo*
50 422,700 608,500 Q.— F.
May '04. 2
8
8
10 Jau ,'04. 5
Hanover
50 1,000,000 630,227
8
8
Park
100 3,000,000 7,009,100 Q.-J.
19ia Apr. '04. 4
15
Home
100 3,000,000 6,574,751 13
14
14 Jau.,'04. 7
People's*
25 200,000 396,000 J. A J. 10
10 Jan. '04. 5
Kings Co
5 Dec, '03. 5
20 200,000
75,2 'w
5
5
Phenix
20 1,000,000 270,200 J. A J. None None July'OO. 3
Nassau
50 200,000 212.569 10
10
10 Jan., '04. 5
Plaza*
100 100,000 248,200 J. & J.
Jan. 04.10
New York... 100 200,000 80.103 6
6
6 Feb., '04. 3i«
Prod. Exoh.' 100 1,000,000 502,100 A. A O.
7
7 Apr '04. 3^ Niagara
50 500,000 1,206.561 10
14
20 Jan., '04. 10
Riverside*. 100
100,000 102,^00 Q.-J.
Apr. '01. 2
8
8
North River.
25 350,000 261,19*
8
8 Apr., '04. 4
8
Royal*
100 100,000
8,300
V.75, p. 162. Peter Cooper
20 150,000 102,171 10
10
10 Feo.,'04. 5
Beaboard
100 500,000 1,418,000
A J. "e"
Jan '04. 3
6
Phenix
10
10 Jan., '04. 5
50 1,000,0001,670.200 10
Becond
100 300,000 l,3s0,400
& J. 12
12 Jan '04. 6
Stuyvesant
25 200,000
33,582
None Jan.,'02. 3
3
3
8hoe & L'thi 100 1,000,000 367,700 Q.-J.
None July '02. 1
3
Unit'd States
25 250,000 110,571
4 Jan., '04. 3
7
5
State*
100 100,000 571,800 J. & J. 20
20 Jan. '04.10
10 300,000 1,248,623 16
16
16 Feb.,'04.10
84th Street 100 200,000 204,200 Beg bu 8. Oct .1902;V.75.p.771. Westchest'r
W'msb. City
50 2RO.OOO 1.22.0.616 24
24
30 Jan.,'04.15
Pwe'f.Ward* 100 200,000 103,100 J. A J.
6
6 Jan. '04. 3
" over ail iiauiiiues, lnciuuxug re-insurance, capital and scrip.
23d Ward*.. 100 100,000
93,600 F. & A.
Feb. '04. 2*n
5
5
Union Ex.*. 100 75",000 447,500 Beg. bu s.Jun e,'03.|V.76,p.l332
GAS COMPANIES.— SEE AL8O MISCELLANEOUS.
United
100 1,000,000 114,500 Began b usine 88 No V 01.
Dividends and Interest.
Varlck*d... 100 100,000
64.400 Began b usine ss Ja n. 2. '0'. id)
Companies.
Par. Securities Period.
Wash. H'ts.* 100 100.000 129,700 Beg. bu s. Sep t.'0l; V 73, p 422
afloat.
•02. '03.
'Date.
Western p. 100 10,000 000
(p)
None
Jan. '94. 3
West Side*.. 100 200,000 539,200
12
12 Jan. M4. 6
•Bingh.(N.Y.) lstM $1,000 $658,000 A. A O. 5
Apr. 1, 1938
YorkviUe* .. 100 100,000 271,400
11
Jan. '04. 5
Mar.17,'04, 4
Col'mb's(0.)G.L AH. 100 1,700,000 Jan Mar 7
Brooklyn
100 3,600.000 J <v it. (5
Pref.. non ouiii
Dec. 15. '03,3
Borough* a 100 200,000
85,900 Org. In Apr., 1902; V.74, p 863
Col. Ga<. lstM., g. 1,000 1,500,000 J. & J. 5
1932
Broad w'y*.. 100 150,000 325,700 J. & J 10
16 Jan. '04. 6
Stk.
100 1,000,000
Brooklyn*.. 50 300,000 156,500 J. A J.
7
7 Jan '04. 3^ Con. Gas (N.J.)
c* 1.000
Jan. 1,1936
Con. M., gold
971,000 J. A J. 5
5
City
50 300,000 587,0"O.T A J 14
14 Jan. '04 7
15,000 J. A J
6
Jan. 15, 1914
6
L. Br. L'glstM.6s. 1,000
Con.I.&BB' 100 100,000
H5.815
& S 20" 2ifl Sep. '03. 2^ Indianapolis Gas
50 2,000,000 Q.-J. n'ne n'ne July 3,1900,2
First
100 300.000 595,100 Q.— J.
16 Apr 'Oi. 4
1.000 2,750,000 M. A N. 6
1st mortgage
6 May 1, 1920
Manufao'rs' 30 252,000 530,900 tj.-J.
11
12 Apr. '04. 3
Apr. 1, 1953
M. $7,500 .000 5° g 1.000
333,000 A. & O 5
5
Meohanics'
50 500,000 376,900 JanM'y 10
10 Jan. '04. 5
50
250,000 J. A D. 4
Jack. (Mich.) Oas Stk
4 Deo. 31, '03.2
Merohants* 100 100,000
58,900!
Estab. 1895
1st M. 5s. g
1,000
310,000 A. A O. 5
Apr. 1, 1937
5
Nassau
100 300,000 743,601 J. A J
16
16 Jan. '04. 8
{Madison (Wis.)GAE 100
400,000 J. A J. 2^ n'ne July20'02,2i«
North Side.* 100 100,000 171,400 J.
J.
6
6 Jau. '04. 3
1.000
350,000 A. A O. 6
1st M. 6s, g
Apr. 1, 1926
6
Peoples' *
50 100,000 177,000 M. &N.
Nov '03. 4
8
8
Deb.,sortp,g.,6p 0. 25 Ac
100,000 AAO 10 6
6 V. 71, p. 392.
17th Ward*. 100 100,000
83,200 F A A.
Kelt. '04. 3
6
6
50
800,000 J. A J. 8
Minneap. G. L., Stk.
Jan. 1, '04, 4
Bprajrnn
8
100 200,000 256,600 J. A J.
6
6 Jan. '04. 8
1,000 3,000,000 M. & a. 6
1910-1930
1st oon. gold
6
St'yv's't H.t> 50
200,000 145,875 V.75,
331; V.74, p. 607.
Mun'lGaa(Alb, N.Y) 100 2,000,000 Q.-F. 10 10 Feb.1,'04, 2ifl
Union*
100 200,000 110,700 .1.
5
5 Deo. '03. 2^
1st mortgage,
1,000
500,000 J. A J. 6
Wallabout*. 100 100.000
6 July 1, 1906
76.700 J.
5
5
Jan '04. 2ifl Roch'st'r G. A El.g
coin
100 2,150,000 A. A O. 6
Ap. 15,'03,li9
3
r National, and Mar. H, 1904. for State banks.
a
100 2,360,000 F. A A. 6
Preferred
r!,?£ n?„1
Feb.1,'04,
6
Bank com,, ^°.VV September, It* 3. with Eighth Ward Bank; V. Borou«
at p,i m
77, p. «<>«.
1,000 2,000,000 M. A N. 5
" ,,ital )f Htu >'vo8unt Heluhts Bank Increasod from
1st cons, tnort
5
Nov. 1, 1912
* OO.uOO and Atlnntfl n
w
"
2d M., opt.. 1910 1,000 1,000,000 M. A S. 4.h 414 Mar. 15, 1920
17
77
'"
c S P eolal d'vldend 100 per cent
\,
pai ', ,,vTium
"r!!J n£ ft P
.000
700,000 J. A J 4)« 419 July 1, 1921
Impt. M., 4 * p
h»v nJ nrL ,?.
I 1 "? Ci>al .* Iron Nat. Bank be^an business In April. 1904
Mun G.&K.lst4 li?s 1,000 1.500.00.) A. & O. 4^9 4S, Apr. 1, 1942
f
e
,l ral N a»onal and the National
Citizens' banki consolidated In Mar.,
,.L. ..\fJ _
762.000 J. A J. 5
5
July 1, 1937
J8t. Jos. (Mo.) 1st M 1,000
JSt.P.(Minn.)G.L8'k 100 1,500,000 Q.-J.
(1)
(0 Jaul5.'04,l»«
1,000
650,000 J. A J. 6
1st M., otirrenoy.
6 July 1, 1915
1,000
600,000 J. A J. 6
ConBOl. M
6 July 1, 1918
1,000 2,714.000 M. A S. 5
Mar. 1, 1944
Gen. mort. gold
5
20 2,600,000
Wash'n (D. C.) G. L..
May 1, '04, 2*
F. 15
10
Reg., 6, Series A, g Var's
300,000 J. A J. 6
6 J'ne30,'02-27
Reg., 6, 8erlesB. g Var's
300,000 J. A J. 6
6 Dec.31,'04-29
Ctfs.of indebt. 6%
2.600,000
op. June 1, '08
* This column shows last dividend on stocks, ana maturity on bond$.
" Ule ^ orcant "e Increased to $3 •••.•iOO: see V.76, p. 81. 18«.
o«, /ss, 8B6.
x Application made to Increase capital to 1500,000; V. 78, p. 12.
See page 170.
t Now controlled by American Light A Traction.
I
1
,
>
M
.
.
.
.
Q—
M
.
.
.
.
Q—
Q—
'
NEW
. .
. .
. .
. .
. .
. .
.
.
I
.
—
M
.
.
!«
|,
,
<
.
;
V
1
'
.
Q—
'>
-
..
.
.
.
4
1
1
1
1
1
RAILWAY EARNINGS.
Apr., 1904.]
1749
MONTHLY GROSS EARNINGS OP PRINCIPAL RAILROADS.
Jan.
-Ala. Gt.
Southern—
(310m.)
(310m.).
1901
1902
1903
1904
(310 m.).
(310 m.).
At. Top.
«fc
S.
Fe
!*ys.~
m.)
m.)
m.)
1901. ...(7,608 to 7.860
1902. .„(7,800 to 7,952
1903. ..(7,965 to 8.213
1904
(8.813
.
.
1
Feb.
[March.
April.
May.
June.
July.
f
181,876
202,440
243,649
200.720
827.421
268 522
$
196.820
225.618
259,653,
$
239,683
239.431
874,820
4,837.178
4.911.889
6,215,137
4,617.435
4,141.282
4,4S,\606
4 763,502
4,696,708
5,386,593
4.911,070
4,858,285
6,601,733
5,012,230
6.141,070
6,870,613
6,390,922
6 910,930
6,576,026
I
179,536
205.204
239,951
4,143.989
4,277,497
4.829.243
5,346.880
4,638,722
4,794,270
5.257,813
5,529,512
4,874,746
6,376,929
6,407,329
2,054.016
2.621,792
3.148,456
2,896.599
1.977.189 2,500,619
2.349,039 2,953,770
2.827.295 3.615,752
2,541,862 "3,489,000
2.681,312
3.263.-4W
3, 95.394
8,664.847
3,237.082
3,902,982
2.702,177
3.179,971
4,162,810
2,851.456
3,246,620
3,997,3(4
570,016
677,871
4.878.15ii
4.953.2:18
6,4-9,109
Not.
Oct.
$
170.146
195 365
219,469
$
190.7S2
188,458
232.853
200.373
4.416.836
Sept
174.4^2
210,600
260,191
$
183,917
203,684
206,665
268.882
206.012
230,*74
223.563
252,415
Aug.
t
t
*
Dee.
I
2.11,820
JS56.400
213,879
216.203
272,567
6,439,679
6.64-. Ir2
8,843.338
6,035,710
220,951
6,328.958
M39.88?
Total.
t
2,354,802
2,676.458
2,971.086
68.404.463
69.953.880
66,467,810
.
m.).
A- Ohio—
m.). 3.997.826 3.517.331 4.1S8.617 3,879,745 4,007,106 4,023,127 01,638,868 b5.070,080 64,997,338 65,324,576 64,878,8«0 64,690.024 63,057,818
1901,...(3.*00 to 3.220
(3.b84 m.). 64,750,905 64.067.053 61.631 304 64.7i8.-29 65.113,15". 65,088,2*8 06,176,626 06.649.767 65.430,434 05.533,67* 05,o29 951 64>51 813 660,071,409
1902
1903... (3.881 to 8.948 m.). 64,818,253 64,481,478 66,410,350 65.523,664 05,720,693 65,635, 360 65,882,080 05,987,785 66,025,195 66,022,310 06,319,803 06,189,279 +06,190,643
(3.948 m.). 04,410,818 04,634,806 06,483,811
1904
Burl. Koch. A: Plttsb.
564.818
476,041
623,106
6,266,731
489.362
696,750
463,736
403.307
486,964
518,987
848,907
(472 m.).
632,721
667,488
1901
6,n7K,594
5i8.97h
843,55*
594 810
842,0(53
704,613
616,540
408,697
6»4,135
(472 m.).
478,514
352,326
612.087
612.48*
1902
707,842
511,818:
«32.>!72
710,166
648,778
7,769,490
573.636
635,986
624.992
662.128
762,274
1G03
(472 to 600 m.)
707.720
717,386
4-)4,620
631,253
482,979
(600 m.;.
1904
Baltimore
Canadian Pacific—
1901... (7.467 to 7.590
.
m.)
1902
(7,590 m.).
1908... .(7,690 to 8.041 m.).
1904
(8.044 m.).
Georgia—
-Central of
714 976
760,992
816,381
9*6,-91
7.S23.293
8,862,277
9,418,680
1,603.780
990,874
1,404,797
1.161,911
1,886,587
1,674.597
1,319,375
1,933,260
1,443.846
997,662
1,7(0,653
1,543.881
1,087.887
1.913,011
1,513,047
1,7-0,69
1,801,074
1,209,773
1,029,721
1,764,830
18,788,498
16,349,481
1,764.871
1.712.012
1.888,001
1,607,763
1 680,282
I,9y2,b23
1,848.806
1,939.670
1,979,0 >7
2,02-, 285
1,878,582
2,0 8,724
8,*07,66i
1,939,967
1.932,946
2,219,069
1.724,443
1.935.917
1.974.157
1,509,196
1.706.703
1,879,622
19,920.452
20,779.608
21,988,716
1,310,902
1.142.6 -8
1,313.710
1,194,023
1.6*6,060
1.348.706
1.041,858
1,571,375
1,456,053
l,181,-46
1,672.707
1,667,164
1,50*,160
1.357,238
1.428 428
1,666.6*3
1,253.218
1,446.167
1,5,8,929
16,894,233
15,634,6*6
18,771,370
661.637
662,058
802,009
747,158
708.826
837,703
767,728
727,714
74 J.957
827,658
806.174
9j2,907
890,*86
1,047,106
802,694
873.058
1,073,534
925,387
1,121,827
813.562
848,270
931,376
761,092
848,778
948,506
9,201,488
9,6i '9, 166
10,96 (.96
8.940,067
4,168,014
3,862,313
4.225.481
4.345,887
4,477,263
4,088,957
4,476,745
4,480,790
4,620.388
4,979,672
5,171,300
4,970,334
5,614,233
6,196,603
6,060,686
4,596,266
5,241.787
4,256,924
5.249.621
62.067,159
67.262.674
68,288.880
524,862
651,679
689,879
695,876
583,100
631,575
677.586
•688,160
669.313
68S.796
639 62*
593,189
58\4-,0
633,162
607,120
632,6o0
707,815
605.298
648.798
080.632
739,820
653,789
864,120
676.943
730741
749,3t>9
739,823
753,016
68w,689
652.185
076.661
770.808
610,13?
647,323
885.208
7,420,323
7,477,266
8,8*8,072
316,612
334,084
367,388
348,029
275.343
287.82U
356,675
366,687
33^.012
388.327
467,063
•410,346
366,140
394,170
44a, 178
374.573
420,629
439,521
860409
391,161
436,408
887.693
406,410
482,013
424,618
443,107
492,508
398,661
444,812
503,239
420,141
461,102
521,842
381.969
400,61
42i,60l
354.497
393.953
405.913
4,404,251
4,764,076
6.346,262
3.318.569
3,598,939
3,498,148
3,662,488
3.093,905
3,091,541
3,391.356
3,411,192
3.530,905
3,740,369
3,995,769
3.244,196
3,431.908
3.8l6,lKl
8,232,192
8.484.399
3,702,332
3.555.990
8,873,717
4,050,9*3
3,582,041
3,661,393
4,169,093
8.964,056
8.964,072
4,178.54
4,150,493
4.443,216
4,418,733
4,621,267
4,814,701
4,888,638
4,177,139
4,890,761
4.440.776
3.991,254
8,903,803
4,168,007
44,362,007
46,404.839
48,688,423
3,884,666' 4,293.425
4,276,719
4,640,252
4,546,104
4,811.811
4,046,328 8,618,773
4.174,0r2 3,787,991
2 1,250 (24,214,381
45,622,029
47,571,411
54,366.401
470.048
556.715
033 815
477,100
568,861
669,16
m.).
m.).
m.).
m.).
1.406.018
1,309.512
1,838.858
1,589,960
1.164,482
1.217.280
1,620.532
1,563,503
1,S63.10»
1,138,670
1,568,10
1,698,360
1.340,189
l,58o.i77
1,713.610
1.316,044
1.196,124
1,718,007
(1.359 m.).
(1,859 m.).
(1,369 m.).
(1,369 m.).
1.294.797
1,492,924
1,849 678
1.460,659
1,212.698
1,324,946
1,170,836
1,575,810
1,466,186
1.636.919
1.647,339
1,655.633
1,731,088
1.228,200
1.339,846
1.550.617
1,652,429
1,126,192
1,226,252
1.340,929
1,440,088
1,264,873
1,434,081
1,003,769
1,171.199
1.40-.857
1,599,33 9
748.833
7o0,002
846,699
908.103
666,627
691,767
716.081
766,956
874,007
3,734,661
4,214,017
3,614.68;
3,758,139
631,733
629,088
61o,128
599,994
(638
(638
(638
(638
19010
1903o
19010
1904a
34.467,709
40.120,406
46,348,956
761,406
7919.12
662.705
448.706
628,878
673,239
New Jersey—
8,497 733
8.969.146
4,264 816
796.703
879,9-9
959.99j
672,508
631,708
826,4'
•811,878
Cent, ot
3,583,383
*,«'. 6,06c
4,142,909
3,264,024 3,682,403
9,661,4821 4,127,402
3,987,004! 4.468.8C4
589.843
820.262
782,663
626,701
655,089
843,147
834,466
1901.... (1,532 to 1,607 m.).
1 902. ...(1,607 to 1,636 m.)
1 903.. _( 1,636 to 1,641 in.).
1904
(1,641 m.).
•
1
682,160
686,687
671.23?
7*2.443
850,053
807,208
1901.. ..(1,680 to 1.845 m.).
1902.
(1,845m.).
1903. ...(1,846 to i.o77 m.).
1904
(1.817 m.).
3,118,551
3.6b4.184
4,076.154
598,08!)
Central Pacific—
1901
1902
1903
1904
Chesapeake
Chicago
A
A
Ohio—
Alton—
1901
1902
1903
1904
(920 m.).
(920 m.).
(920 to 915 m.).
(915 m.).
Chic. Burl. A- Oulucy—
1901.... (7,967 to S.l'l m.).
1902... (8,171 to 8.363 m.)
1903
(8.353 m.).
1904
(8.353 m.).
Chicago tit. West.—
1901
(930 m.).
1902
(930 m.).
1903
(930 m.).
1904
(930 m.).
.
Cnlc. Ind.
1901
1902
190»
1904
A Loulsv.—
(547
m.).
(547 m.).
(547 to 506 m.;.
(550 m.).
Chic. Mllw. Ac St. P.1901.... (6.671 to 6,746
1902... (6,746 to 6,754
1903.. ,.(6,754 to 6,833
1904
(6.833
m.).
m.).
m.).
m.).
Chic. Ac North West.1901... .(5.662 to 5,63b m.).
1902. ..(5,638 to 5,921 m.).
1903c2.. (5,921 to 7,367 in.).
190»d
(7,337 m.).
Chic. St. P. M.
A <).-
7 '5,601
3,160,794 3,104,737
3,565,525 3,287,942
3,546,046 (13,497,399
3.792,662 3,709,126
3.531,113 8.478.060 3,663,232
8.474.204 8.772,824 8,960,122
449.369 d4,50l,715 (14.336,856
4,350,831
(14
755,183
816,870
836,511
773.538
850,149
982,00*
99 '.626
870,924
410.732
458.689
490.792
505,641
402.001
428,665
458,538
522,293
445.672
477.519
626,399
572,101
1,350,841
1.429,596
1,651,489
1,3,8,419
1,278.431
1,229,706
1,871,470
1,461,808
(1,121m.).
(1,121 m.).
876.736
452,467
619,807
416,452
360,334
417,946
451,735
399,120
1901/. .(2,319 to 2,378 m.).
19«'2/. .(2,378 to 2,3t)8 m.)
1903/
(2,390 m.).
1904/
(2,398 m.).
1.195,037
1,367,091
1.371,166
1,218,328
1,076,886 1,310.480
1,121.263 1.227,778
1,140.698 1,352,1.85
1,088.677 •1,176.200
190U
(2,318m.).
1902
1903
190*
(2,318 m.).
(2,318 m.).
(2,318 m.).
3,189,894
3,298,490
8.661,624
2,956,330
2,737.102
2,752,396
3,353.241
2.998,800
al*. _(6,209 to 6,2*6 m.).
190*». .(6,246 to 6,61.1 m.)
19U8V. (6.613 to 5,6b9 m.).
1904 •_
(5,t99m.).
1.927,949
2,536,110
2.7*8,436
2,607,2.8
380.240
407,522
480,866
398,113
Cln. N. O. A? Tex.
IwOl
P.-
(336
(336
(336
(336
1902
1903
1904
m.).
m.).
m.).
m.).
m.).
m.).
m.).
m.).
1.199.278
1,167.081
1,6)6*91
850,618
1,3=:5,627
1,714,788
847,800
897,166
778.396
966.360
959,364
919,678
1901... (1,657 to 1,591
1«02.._(1,591 to 1,667
1903
(1,667
1904
(1,657
1.853.768
2,064,803
3,913,102
4.'
Ou 368
(24 ,796.729
3,962,050
4,214,640
(24,760,40* d4,643.7i6 (26,183,331 (25,6i8.178
(24,,
1,079,878
1,081,243
1,091,1(1
960,259
972,740
11,196,408
1 1,907,521
l.KO.Oil
1,261,630
1,327,252
1,213,40)
1,055.514
l*,>.55,*68
466,287
503,477
642,628
460,800
600,338
680.477
473,529
602.973
t06,760
474.107
480,482
636,6b0
429,393
482,100
529,597
6,935,104
6,811,799
6.076,930
1,596,195
1.669,087
1,860,264
1,729,193
1.745,191
2,001.296
1,862,628
1,960.118
1,782,097
1.79 4,5 10
1,818,617
1,618,749
1.702,500
1,697,709
1,614,843
1,701,943
1,097,237
18,608,545
18,976,576
21,197,783
493.011
634.404
550.7 ?7
464.572
514.200
540,7*0
471,114
527.941
653,719
446,487
506,472
569,727
497,245
666,773
633.031
498,669
682,817
510.860
439,225
609.141
469.038
6,145,510
6.920,469
6,<59,138
1,813.414
1,323.476
1,339,696
1,367,5711 1.437.777
1.889.613J 1,469.182
1,416.881 1,402,546
1.4H3.374
1,516,781
1,619,3*2
1,534,629
1,670.194
1.609,20*
1,615,690
1,616,701
1,646,487
1,597.944
1.689.176
1,6*»,637
1,489,630
1.511,737
1,349,4.0
1,447,159
1.446,503
1,237,888
16.848,621
17.168,801
17,012,289
3,399,634
S,d84.9*3
3,965,946
3,247,665
3,686,883
4,101,224
3,641.472
3,321,228
4.264,190
3,652,607
8.247,969
4 3k)8.929
8,522,693
3,188,828
4,42c, 452
3,880,669
9,561.644
3,757,162
3,818,162
3,835,611
3,645,220
3,600, 866j 3.511.494
4,455,001, 4,224,844
3,105,172
3.867.873
3.412,611
41.090.908
41.669,237
47,689.837
1,740,508
2.223,376
2,399,087
2,241,342
2,355,347
2,72*. 176
2,699,666
3,041,639
2.279,000
2,809.961
8.091,010
2,307.525
2,917,243
3,211,040
2,685.021
3,195.400
8,647,647
2,679,568
9,117.297
4,163,408
3,232,272
:i,390,388
3,686,024
3,270.663
33,855,263
40,206,022
41,910,161
334.372
317.901
373.C 77
401,928
345,793
409,821
476,277
463,459
823.978
450.078
5*2,093
399.364
6u8,613
607,677
185,824
624,408
663,730
2,969,356 3,236,434
3,114,907 3,509,116
3.466,285 3,968,657
3,707,767 »3,W85,184
2.953,758
8.306.236
3,795,931
3.173.306
3.462.870
4,043,794
805,455
868.642
924,008
797.269
876.877
890,42*
837,047
904,889
996,086
847,236
896,250
951,872
1,119,320
1,019,626
1,015,677
1,083,681
1.206.210
419,449
567,803
459,609
647,n87
610,323
440.579
61C.602
593,160
452,946
473.080
b34,888
1,385.883
1,460,436
1,725,376
1.367.354
1.403,697
l,t33 62l
1,626,4H5
1,532,042
1,806.660
1,706,956
1.658.090
2,039,013
366,301
452.690
343,262
433,066
481.243
338.684
472,652
613,692
480,t)81
CI. Cln. Chic, dc St. L,.1901
1902
1903
(1,891 m.).
(1,691 m.).
(1,891m.).
11,891 m.).
1904.
Colorado A? Sou t hern—
1901. ...(1,1*2 to 1.1*5 m.).
1902.. _< 1,146 to 1,121 m.).
1903
1904
Denv.
ct
Kio Grande—
Gt. North' n My stern-
Hocking Valley—
1901
1902
1903
(346
'340
(346
(346
.1904-
Illinois Central.—
m.).
ni.).
m.).
m.).
1901.. ..(1,286 to 4,2"<4 m.).
1902....(«.*84 to 4,300 m.).
1903. (4,800 to 4,3*8 m.)
1904.. .(4,328 to 4,343 m.).
Intern'l
<»t. North.
1901
(820 to 8*5 m.).
1902
(-86 to 1,063 m.).
1903. ...(1,053 to 1,149 m.).
1904.. .(1,149 to 1.169 m.).
.
.
A
8.220,473
3.493,554
3.777.861
3,651,170
459.3m
395.683
1,746,9<:8
1
4.04' ,,136
3.489.051
4.>-77,208
3.791,47/
8.596,982
4.112.782
4,199,144
6.0 .16,978
9.770.416
4,277.886
4,179,2u6
429.936
525,166
509,388
458,008
552,074
684,107
463,744
498.820
563,898
600,617
607.O70
669,927
469,920
177,801
468,001
381,067
426,053
446,0*8
4.917,663
5,604,321
6,282,778
2,910,434
8.80U.3I8
4,007,580
3,175.752
M.34S.770
3,822,203
3,383.178
3.400,469
3,971,102
8.4*5.279
8,/34.456
4,003,963
9,752,331
4,044,808
4.367.383
3,485,364
3.741,380
4.071,631
3,413,126
3.787,10*
8,800,150
39,078,789
42,212.986
47,161,473
607,482
5,148.093
3,469,845; :i,676,275
453.940
432,013
513,000
469,666
365,546
361,283
393.011
408,660
418.943
368.843
381,6w?
•346,360
387.775
388,041
410,884
387.190
379.212
421,261
360,014
341,8*9
421,067
328,296
3*7.166
412.697
358,043
393.694
418,318
435,516
691,079
601,946
628.022
665,966
687,187
50<<,796
054,709
527,327
644,34 9
597,658
(610 to 543 m.).
(643 to 568 m.).
658 m.).
(658 m.).
226,605
2*4.377
199,697
207,772
180,764
190,649
i92.se*
22*,02
213,873
•217,110
162.287
177,064
183,99a
163.008
208,746
180.656
177,399
207,333
176,671
177.177
208,478
194,769
206.011
201.518
202,615
806.351
807.028
210.079
265,521
227,736
219.083
217,954
201.937
198,32
218,080
198.592
191.113
2,397,383
2,518,«01
2,371,664
1901. .„(3.154 to 3,313 m.).
1908. ...(3,313 to 3,441 m.).
1903.. ..(3,441 to 3 67tf m.).
2.501,637
2.724,756
3,060,768
3,068,286
2,283,937 2,498.24
2,401.649 2,600,376
2,777,563 3.084,87 J
3,113,928 3,231.040
2,243,520
2,620,550
2,96l,6*u
2.388.873
2,6*5,300
3,024,385
2,271,181
2,612,200
3,058.988
2,311,390
2.709.244
8,0*4,032
2,436,640
2,771,89*
2,448,418
19
3,1*5,314
2,776,304
8,150,672
3,4 13,90 J
2,707,607
2.966,163
3,085,316
2,496,069
3.005.904
3.186,466
29,836.819
83.029.026
30,814,414
tovra Central—
1901
1902
1903
1904
1
louiavllle Ac Nashv.—
1904
.8.679 m.).
Mexican Central—
'320,294
200,349
3,0.7,93,)
2.68-<,l
6 .24 -.,9 11
6.887.128
190 le... (2,054 to 2,186 m.). 1,460.977 1,370,881 1,636,856 1,446,529 1,614,483 1,436,762 1,376.306 1,301.222 1,328,590 1,456,159 1,494.673 1.672,337 17,493,674
1902<... (2,166 to 2.H85 m.).
1.6*9,970 1.460,657 k 1,808,258 /cl.764,664 fcl,694,53l fcl,097,789 fcl.646,803 fcl.699,137 fcl,679,028 fcl.995,171 fcl.885,090 Jc2.0sl.329 fc2l,l32,2*7
1903f...(*,9i6to2,897 m.). /c2,020.600 Rl.929.987 k*,103,i9l 2,213, -»i7 2,189,876 2,o<9,144 8,Oo*,8l3 2,052,815 2.0*0.316 2,2*6,084 2,u4o,b99 *2,ll2.dM 25,0,0,356
1904*
(2,897 mj.
Mexican lnteruat'1—
lWOle
1902e
1903e
1904»
(848 m.).
(848 to 880 m.;
(8i0m.).
(880 m.)
Approximate figures.
4S5.609
547,764
644,393
5-2,623
476,927
487,672
690,674
693.612
612,201
640, 173
692,899
485.246
636,387
638,528
614,011
513,935
699,723
456,144
485.683
554,431
461,224
527,770
542,888
498,549
633,603
530,801
466,222
642,5)2
53w,705
601,070
684,368
549,4*9
606,688
564,057
605,089
647,088
889.9471
697,308
6,960,824
6,043,161
7,091.888
+ Figures here given involve correctons for some of the months.
b Includes Pittsburg 2k Western, &c.
a includes trans- Missouri lines beginning Feo. 10, 1903.
e figures are given la Mexican currency.
/ Includes Kio Grande Western tu all the years.
9 Monthly figures du not include Ne* York A l,oub Branch llivimon.
k These figures Include results o Monterey & Meatioan Gulf from Men. 1, 1902.
ilta on
and also Mexico Cuernavaca & Pacific and Rio Verde Branch, etc., from Jan. 1, 1903.
. ..
. .
. ..
.
.
RAILWAY EARNINGS.
17 "ill
[Vol. lxxviii.
MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS— (Concluded).
March.
May.
Oct.
Nov.
Dec.
Total.
305,793
851,232
860,868
s
340,312
341,996
299,184
8
816.232
805,700
253,072
285,532
266,627
257,141
8,473.226
8,570,848
2,971,898
482,589
579,909
603,500
568,751
728,294
736,0(3
692,109
844,408
802,550
894,803
742,101
770,391
510,402
613,454
631,982
5.000,429
6,825,377
7,276,517
1.255,044
1,271,550
1,827,102
1,382.626
1,435,140
1,439,563
1.463,101
1,683,460
1,818,580
1,891,405
1,894,867
1,874,416
1,574,751
1,030,313
1,783,952
1,383,994
1,374,148
1,646,911
16.363,908
16,709,896
17,578,,: 38
2.688,012
2,757,380
2,997,317
3,213,014
3,078,782
8,801,150
3,600,450
3,312.546
4.020,331
3,197.433
3,223.006
8,971,048
3,693,a83
3,764,690
4,067.477
3,314,738
3.518,462
3,619,929
8,013,736
3,390,050
3.698,352
36,061,093
37.495.087
43,095,788
June.
Aug.
Jan.
*
260.77a
262,97"
t
259.630
222,569
199,648
178,770
<
282,499
29b,16W
235.86*
•236.6*7
t
257,988
274,143
234,100
259,001
289,700
227,943
800,848
340,295
266,008
297,401
317,513
840,22b
807,717
807,023
806,067
301.491
400.715
455.576
484,834
290.616
376,849
364.106
450,347
56<,735
406.681
686,088
676,910
416,231
627,984
679,525
430.732
538,760
628,816
445.P19
692,27b
689,732
889,207
474,112
1,363.850
1,311,028
1,403,336
1,493,749
1,186,099
1.111,090
1.298,032
1,384,393
1,259,701
1,240,837
1,332,579
1,397,426
1,159.761
1,266,718
1,411,426
1.251,999
1.337,806
1,395,286
1.201,617
1,172,764
1,098,056
2,929.47
2,913,85b
3,698,937
3,634,567
fllniiciip, iV St. I, on In—
(043 m.).
1901
(643 m.).
1902
(643 m.).
1903
1904..
(643 m.>.
Feb.
2.638,974 2.931.848
2,620,390 8,069,266
3,090,146 3,511,808
3,521,229 •3,658,000
2.715,899
8,991,479
3,605,471
2.824,180
2,955,879
3,324,802
222,2111
206.025
Winn. St. P. deS.S.M.to 1,356 m.).
to 1,452 m.).
to 1,469 m.).
(1,469 m.).
A- Texan 1901fl.„(2,2-^2 to 2,480 m.).
1802c ..(2,480 to 2,602 m.)
1903o... (2,602 to 2,863 m.).
1904 g. .( 2,863 to 2,938 m.).
1901. ...(1,278
1902. ...U.356
1903.. ..(1,462
1904..
?\ o. KuiiMii m
Mo.
A-
1'iic.
Iron Mt.-
1901 ... (5,543 to 5,570 m.)
1902. . (5,570 to 5,651 m.)
1903.... (5,661 to 0,110 m.).
1904
(6,110m.).
.
.
mobile
Ohio—
A;
4.38,137
April.
July.
I
1
8
Sept.
8
599.800
580,616
074,207
688,783
481,400
614.224
676,682
688.642
602,600
668.848
729,020
•651,468
443,517
557,622
725,086
609,607
699.364
519,834
481,026
538,398
636,140
506,633
656,202
628,858
489,133
681,358
693,143
474,801
605,252
039,728
672,024
039,675
716,373
565,432
644,880
682,291
553,102
020,688
666,485
6.136,888
6.976.170
7.785.867
623,040
619,041
776,396
845,722
664,663
070.610
858,641
•886,689
595.635
601,936
815,209
640.176
684,967
849,131
632,263
726.610
877,676
622,974
739,819
809,475
050,161
735,008
829,016
P25.474
746,984
831,876
708,298
822,287
873,853
686,714
777,768
813,080
626,392
776,886
853,219
7,681,886
8,676,858
10,006,967
(1,201m.).
710,076
707,486
823,797
907,641
(1,323 m.).
1902e. (1,328 to 1,396 m.)
1903e...(l,396 to 1.660 m.).
1904«. ..(1,660 to 1,577 m.).
644,345
686.334
809.243
972,384
689.824
677,110
823,546
931,321
675,316
717,921
1,007,683
•989,262
667,405
744,530
689.589
742.134
996,049
859,869
632,388
1,044,688
718,904
1,065,871
799,817
1,035,326
589,776
790,030
939,819
679,601
808,073
830,573
087,822
b 06, 161
857,520
625,629
865,143
866,605
732,834
916,70*
l,066,8t0
7,724.628
9.262.869
11,344,019
5.182,978
5,401,007
6,239,441
5,380,746
4,490,269
4,499,413
5,810,621
5,390,449
6,829.556
5,483.620
0,616,920
6,460,268
5,188,745
5,783,793
0,605,866
5,783,869
5,963.616
6,712,479
6.893,859
6,907,730
6,724,770
5,940,098
0,030,838
6,849,464
6,796,467
6.737,247
7.092,889
6,636,872
8,701,679
7,066,152
6,915,319
0,799,355
7,100,763
5,837,016
0,427,977
6,000,880
6,690,120
6,202,7*0
0,443,525
69,733,485
71,944,901
79.909,415
483,020
466,49b
688,063
449,094
385.041
833,855
638,926
455,321
446.284
462.428
557,227
400,865
468,888
663.W50
493.622
370,758
021.952
503,070
282.045
648,706
543.528
837.845
e83,lb7
571,613
408,215
680,890
490,768
350.001
002,800
521,701
384.149
483,484
601.422
612.263
638.8b3
463,292
600.163
467,380
5,864,028
6.057.168
6,950,456
1.366,927
1,516,620
1,776,202
1,777,597
1.S59.658
1,282,779
1,602,290
1,686,332
1,421,086
1,486,865
1,915,995
1,280.729
1,571.81b
1.950,406
1,878,688
1,047,236
1,902,558
1.246,829
1,374,737
1,968,558
1,387,607
1,662,837
1,948,624
1,437,511
1,713,403
1,927,280
1,456.313
1,740.120
1,883,661
1,632,059
1.744,829
2,031,099
1,447.671
1.026,027
1,771,602
1,360,087
1,648,647
1,826,164
16,624,614
18,918,718
22,505,339
684,436
738,736
858.136
697,836
581,779
601,479
716,379
719,579
646,210
671,310
809,210
692.202
768,902
862,808
679,985
710,665
881.105
667.208
611,602
872,702
656,615
628,416
923,016
692,936
681,836
919,086
761,019
705.019
878.319
819,707
768,907
889,707
742,937
770,037
634,887
2,376,489
3,032,377
3,293.432
3,108,691
2.182.133 2.685.984
2,872,603 3,162,616
3.015,719 3,517,490
2,941,946 •3,463,715
2.738,715
3,302,055
3,032,0*3
2,819,508 2,945.277
3,408,274 3,605,026
3,742,609 •4,130,279
3,190,066
3,860,370
4,144,638
3,623.434
3.869,278
4,182,738
3.852.037
4.632,580
4.611,213
4,642,635
5,380,186
5,244,068
4,161,676
4,379.490
4,651.698
3,416,527
3,759.165
3,799,593
7.144,924 8,238,904 8,142.377 8,402,038 8,482.759 8,351,103 9,214,690 8,701.950 9,530,275
7,553.324 8,086,105 9.099,777 9,901,838 9,596,059 9,771,503 10,106,990 9.822,750 10,546,975
8,229,524 10,138,604 10,707,677 10,624,638 10,827,809 10,996,403 Il.u41.890 10,080,750 10,725,575
3,345,424
8,774,825
9,405,825
9,799,960
8,306,075 101,329.784
9.529.875 112.603,395
9.22C.175; 122.628,4 19
il.055,743 51,184,892 51,051,138
791.067
844,718
5929,749
774,126
9.201,176
808.569
9.955,376
5903,918 §11,431,901
2,846,251
2,244,542
2,980.804
2,040,612
2.887,460
2,759,211
8.411,700
8.787.531
29,473,970
27,912,389
30,247,813
1901a
1902a
1903a
1904a
(874
(874
(874 to 912
(912
m.).
m.).
m.)
m.).
Nnnhv. Chatt.dk St.Ij.1901c
1908c
(1,195 m.).
(1,196 m.).
1903c... (1,195 to 1,201m.)
1901c
RR.
Nat'I
of
Mexlco-
1901*
.
N
RIv.-
V . V. A: II u<l.
.
1901<i...(8,223 to 3.320 m.).
1902d
(3,320 m.).
1903d... (3,320 to 3,422 m.).
1904d
(8,422 m.).
N. Y. Ont.
1901
1902
1903
1004
<fc
Wesl'n(481 m.)
(481m.).
(481 m.).
(481m.).
A- Wi'Mtern —
Norfolk
1901.. ..(1,060 to 1,675 m.).
1902... (1,676 to 1,710 m.)
1903. ...(1,710 to 1,728 m.).
1904
(1,722 m.).
.
Northern Central—
1901
1902
1803
1904
(380 m.).
(380 m.).
(380 m.).
(380 m.).
643,040
8,267,048
803,940 s8,456.6ft5
824,240 810,310,0!:6
Northern Pacific—
19016. ..(5,560 to 5,302 m.).
19026.. (5.302 to 6,394 m.).
19036.. (5,394 to 5,610 m.).
19046
(5,610m.).
Pennsylvania—
&
88,734,481
46.201.578
47,805,400
(All lines east of P.
190HT. (3,769 to 3,673
1902+1.(3,673 to 3.640
1903+1.(3,640 to 3,658
1904+-1
(3,668
m.).
m.).
m.).
m.).
8,040.474
8,682,774
9,567,174
8,473,874
1901.. ..(1,760 to 1,779
(1,779
1903l...(2,0e4 to *,108
19045
(2,108
m.).
m.).
m.).
m.).
683,396
771,990
5808,10b
5780,584
870.026
1797,757
•5678,137
695,215
832,355
5976,843
•5931,643
798.031
P08.697
5938,530
T59.012
774,798
5920,059
732,870
788,831
5941,377
in 63,681
2,490,817
9,004,049
3,084,935
2,513,729
2,040,166
2.147,895
2,794,984
2,574,171
8,415,752
2,440,129
8,106,731
2,222.205
2,706,303
2,978,185
2,574,734
2,251,710
8,295,110
2,623,836
1,866,389
3,384,900
2,203,116
1,921,176
8.131,419
2,570.169
1,992,105
3,072,1; 82
2,435,553
1,989,444
2.088.121
2,826,354
2,658,061
8.192,587
2.997,579
2,337,611
2,188,320
2,977,380
3.429,204
2,043,820
1.772,286
1,898,041
2,345.039
2,232,060
2,861,156
2,840.616
1,166.813
2,952,888
2,602,620
191,763
3,lt0,335
1.892,506
256.197
8,026 598
2,424,983
242,313
2,f 60.949
2,304,214
166,318
2,181,01*
8,186,134
616,096
2,421,628
3.034,545
2,344.718
2,895,008
2.483.857
2.901,359
2,906,794
30.800.099
17,031,192
82.583,291
5,317,171
5,262,110
6.277,622
5,511,308
4,377,777
4,341,215
6,772,370
6,003,376
4,459,072
4,212,416
4,803,772
4,507,304
5,098,353
5,b39,340
5,415,350
3,418.623
6,247,948
5,226,366
2,048,102
6,605,235
4,095.025
2,177,372
6,167,017
4,995,152
2,234,50S
5.92S,SJ1
4,789,767
2,094.760
6,043,138
6,010,388
2,781,688
5,412,932
6,675,157
5.232,187
6,154,279
4,895,557
5,762,478
5.694,325
69,774.676
45,548.661
68,831,104
Pere Marquette—
1902
B.)
596,342
776,815
808,108
904,285
907.45b
857,031
939,151
834,734
935,169
Phlla. A; Reatling1601
1902
(1,000 m.).
(1,003 m.).
1903... .(1,003 to 1,010 m.).
1904
(1,010 m.).
Coal
6fc
2,861.1 19
Iron Co.—
1901
1902
1903
19C4
Total both
o.'m—
(
1901
1902
1903
1904
:
Rock Island System—
1901p
2.194,490 1,841,881 2.064.950 1,991,110 2,205,825 2,127.325 2,790,868 8,996,672 2.703,337 2,944,491 2,489,188 2,291,205 28.741,382
2,297,518 2,283,156 2.814,010
r3.823.466 r3.776,307 r3,910,00b r4,278,680 r4,48),l46 r8,878,015|r3,978,790
1903j>. .(7,033 to 7,114 m.). r4,041,248 r3,812,976 r3,794,293 r3,625.340 r3,325,S87 r8,616,533 r4.006,019 r4,488,4l4 r4,i64.»!07 r4,509,488jr3,977,507 rS,948,807 p47.578.2'i8
190lr. ..(7,114 to 7,233 m.) 1,3,478.079 13,421,610
B,
(3,819 m.).
1902p. .(3,819 to
St.
1,.
A- H. Kr.
7,(
33 m.)
Nvs.-
1901.... (2,924 to 3,201 m.). * 1.700.647
1902... .(3,202 to 3,584 m.). 11.799,577
1903... .(4,330 to 4,891 m.). 12,758.480
1904... .(4,891 to5,o25m.). 12,911,360
Ht. I.oiiIh
Mouthweot,-
11,190,431 11,603,105 11,645,273 11,664,810 11,623,870 11,681,592 11.764,611 11.811,489 12,177,812 12,031,048111,689,519 120,774.007
1 1,598,871 11,817,117 11,091,287 11,740,070 tl,702,697!tl,818.660 12,037,935 12.137,752 12,348,620 12,068,116 11,987,004 122.764.315
12,466.711 12,693,261 12,6»2,418 12,595,818 2,512,960 ta,8»6,227 13,197,982 18,191,717 $8,387,892 13,090,720 13,118,880 134.653,010
t2.870.484
677,712
640,508
694.659
686,371
616,627
650,857
572,604
669.164
621,436
003.827
672,899
693,627
to 8,759 m.).
to8.8ofl m.).
to 8,978 m.).
to 8,990 m.)
6,160,182
7.147.795
7.002,040
7,118,840
6,735,447
6,099,008
5,918,483
0,822,827
6,445,780
0,628,220
6,881.616
19011... (6,728 to 8,740 m.)
1902J... (6,781 to 7.114 m.).
1908J... (7,114 to 7,144 m.).
3,084.187
8,284,088
3.503,040
3,722,044
2,917,991 3.188,915
2,979,865 3,242,083
3,380,558 3.810,600
3,779,895 •4,005,020
1901.... (1,268 to 1,293 m.).
1902
(1,298 m.).
1903. ...(1,293 to 1,303 m.).
1904
.(1.303 m.).
(Southern Pacific Co.—
1901.. .(8,681
1902... .(8,794
1903.... (8,835
1904... (8,978
.
Southern Railway—
1804 j.. (7,144 to 7,195 m.)
.
Texas
A
A:
1901
1902
1903
1904
to
to
to
to
. .
737,968
709,108
771,418
668,007
768,787
7.S66.004
7,281,928
7,479,851
6.836,865 6.941,974
6,810.181 6,832,«50
7,307,000 16,975.280
0,285,247
6,464,813
0.721.677
6,928,294
I7,848,»29
7,206,523
6,853.884
7,386,146
7,100,819
8,007,010
8,218,028
7,875.421
8,279,211
8,913,846
7,407.201
7.945,320
8,394,958
7,356.810
7.972,288
8,626,773
88,124,035
85,806,378
92,068,384
3,543.440
2,802,887
8,173,370
3,442,963
2.098,626
8,034,838
3.3:3.469
2.918,745
3.201,416
3,6e8.064
3,073,845
3,498.266
8.746,312
8,098,888
3,620,343
3,869.045
3,584,111
3,872,389
4,108.603
3,298,454
3,506.722
3,740,798
3,165,821
3.531,903
3,910,017
38,708,527
40,177.482
44,045.854
808,100
806,883
027,016
884,128
804,072
910,348
736,863
007,011
778,751
743,754
697,616
783,781
847,089
789.968
881,170
916,380
956,122
944,337
1,107,442
1.188,004
1,184,834
1,196,802
1.130.687
1.288,370
1,849,023
1.209,094
1,418,728
11,770.072
11,230,601
12,094,744
260,820
263.251
So3,0J5
260.71S
278,679
389,845
866,680
262.968
368,468
847.770
260,684
362,716
258,898
281.718
349,934
250,252
•200,077
814,889
218,488
V00.068
293,347
2,753,898
2,977,141
3.832,459
4,797,260
4.965.961
2.866,117
3,143,1.64
(
66l),lb0
1,007,611
•848,908
179,064
191.217
230.408
247.746
202,902
232.825
297.018
•278.346
103,017
227,109
291,223
236,916
247.070
378,028
m.).
m.).
m.)
8,211,591
8,042,808
3.900,261
4,093,778
2,886,e83
3,325,156
3,210,b29
3.837,907
3,294,318
8,476,869
4,090,133
8.418,738
8,740.874
4,175,200
8 019,341
8,710,057
4,162,831
3,759,141 3,948,092 4,188,696 1,240,814
3,800,440 4.190,141 4.829,698 4.687,571
4,601,172 n 4588,168 n 1581,682 n 5182,844
m.).
1.518,685
1.660.209
1,672,454
1.771,412
1.270,496
1,396.171
1,516,812
1,622,941
1,467.308
1,651,556
1,706,031
1,760,016
1,864,686
1,481,651
1,700,961
1.411,888
1.610,700
1.928,074
1,427,938
1,516,821
1.004,806
,652,340
1,721.531
2,000,160
1.086,879
1,903,704
2,181,424
1,601,284
1,840,909
3,289,087
1,805,700
1.970,098
8,*00.89a
1,839,672
1,714,990
1.81O.071
1,692,841
1,004.344
1,881,092
2:2,510,886
410,808
366.927
418,274
440.337
423.397
432,106
604,804
588,414
•618,200
419,501
621,229
659,480
439,264
686,526
689,100
621,197
661,074
606,630
628,859
547,920
626,411
649,370
691,010
618.68H
482,318
692,600
593,010
660,876
642,488
009,860
482,803
649,282
196,798
441.678
460.021
604,048
6,031,066
6.407.488
6,088,208
662,530
538,119
680,762
714.790
606,000
656,856
623.704
•061.026
422,931
534,520
603.302
440.816
402,994
025,041
302,843
446,400
600,780
410,305
441.060
613,969
480,003
605,217
650 814
464,710
588,107
582,110
600,434
758,964
730,330
775.493
780.891
805,273
666,083
6.362,808
6,995,908
7.639,158
m.)
m.).
m.).
(2.486m.).
Wisconsin Central
A
774,743
779,750
733,600
200,418
220,580
273,197
233,669
Ohio Cent.-
1901. ...(0,099 to 6,. 40
1902... .(6,744 to 5,701
1903. .„(6,768 to 5,344
1904
(5,344
WllltllHll
1901 ..(2.35H to 2.367
1902. ...(2,367 to 2,484
1903.... (2,484 to 2.4B6
Yazoo
009,198
040.027
049,138
1.001,654
1.754 m.).
1.767 m.)
Union Pacific System-
1901
661.062
529,608
688,490
959,700
875.817
009.901
1,710m.).
(430 to 436 m.)
(436 m.).
(436 m.).
1902
1908
1904
607.865
626,808
663,637
1,073,516
1.004,749
1,057,060
1,189,450
1,665 m.).
(430 m.).
1904...
l
494,990
613.074
620,929
Pacific—
1901. ._(1,570
1902.. ..(1.063
Ib03.... (1,710
1904. ...(1,764
Toledo
1
631,688
673.357
634,669
574,739
536.744
813,830
(96U to 977
(977
(977
(977
m.).
m.).
m.).
m.).
453,801:
470.786
480,801
Mlns. Val.—
1901.. ..(1,047 to 1,099 m.).
1902. ...(1,099 to 1,162 m.).
1909. ..(1,162 to 1,171 m.).
1904
(1,171 m.).
.
048,101
6.18.314
649,950
756.167
986,805
869.838
1
n
4,438,407
4.744,427
5876,670 716058,789
3,896,228 46,834.891
4,158,067 40.086.849
n 4956,338 n 54040,819
750,061
816,216
18.888,261
10.681,461
+ And 66 miles of canal.
U Includes Buffalo A Allegheny Valley Division beginning with 1901.
1 After Jan. 1, 1901. the
K. C. Mem. A Birm. and Fort Worth A Hlo tirande are included In addition to the St. 1.. & S;m Fran, proper, and after Jan. 1, 1903,
Includes ( hlo. A IS.
a Includes Montgomery Division In all the years.
h Results on St. Paul A Dul. are added In after July 1, 1900.
e After Jan. 1, 1900,
Includes Paducah A .Memphis Division.
,l Includes for all periods the Beech Creek
Railroad, the Fall Brook System and the Boston A Albany Uaiiroad.
« 1> igtires are given In Mexican currency.
g Includes results on Sherman Shrev. A South'n, Missouri Midland and Ban Antonio extension since May 15. 1901.
j St. Louis Division Included.
5 Includes Luke Krle A Detroit River Kv.
I Does not Include Houston * Texas Central. Houston Bast A West Texas
and Houston A Shrovoport.
n Length of road was reducod in July. 1903, by 562 miles on account of sale of part of the Oregon e»hort Line System.
r 1 hese figures are on a uew basis, covering Choctaw itoad. Uur.ington Cedar ttaplds A Northern. Ac. Ao
o These figures include other income.
I Theso figures Involve corrections lor some of the months.
y These figures do not include otner income.
Approximate
Kan.
(
lty
figures.
Fort Scott
A Mem.,
HI.
.
INDEX.
Apr., 1904. J
1751
INDEX TO COMPANIES— CONSOLIDATED,
Companies not given in the Supplement
tables in their alphabetical order
WILL BE FOUND UNDER—
Delaware & Hudson.
Southern Railway Co.
Atlantic Coast Line RR.
American Telephone* Telegraph.
NAME.
Adirondack.
Alabama Central
Alabama Midland
American Bell Telephone
National Biscuit
Mfg
American Biscuit
United States Steel Corporation.
Amerioan Bridge
Amerioan Tobacco.
American Cigar
American Dook & improvement Co..Central of New Jersey.
United States Steel Corporation.
American Sheet Steel
American Spirits Manufacturing. ..Distilling Co. of Amerioa.
American Bteel Foundries.
American Steel Casting
United States Steel Corporation.
Amerioan Steel Hoop
United States Steel Corporation.
American Bteel & Wire
United States Steel Corporation.
Amerioan Tin Plate
Bangor <fe Aroostook.
Aroostook County
PittsburgYoungstown & Ashtabula
Ashtabula & Pittsburg
Chicago Burlington & Quinoy.
Atchison & Nebraska
<fe
& Northwest.
Au stln & Northwestern.
Battle Creek & Sturgis
Bay City & Battle Creek.
Bell's Gap
Benn ington & Rutland
.Canadian
Atlantio
Michigan Central.
Bethlehem Steel
Bethlehem Iron
Big Sandy
Blnghamton Gas Works
Birmingham Belt
Birmingham Equipment
BoonviBe Bridge
Boston Clin. Fitch. <fe New Bed
Boston <fcN. Y. Air Line
Boston Rubber Shoe
»
Boston Winthrop & Snore
Boyer Valley
Brooklyn <fc Montauk
Brash Electric Illuminating
Brunswick & Western
Buff. & Niagara RR. & Terminal.
Buffalo & Southwestern
Burlington <fe Missouri River
California & Oregon
Cambria & Clearfield.
Rutland R R.
United States Shipbuilding.
United States Shipbuilding.
Chesapeake & Ohio
Amerioan Light & Traotion.
St. Louis & San Franoisco.
Kansas City Memp. & Birmingham.
Missouri Kansas & Texas.
Old Colony.
N. Y.
New Haven &
Hartford.
United States Rubber (Misoel, Co's)
Boston Revere Beach & Lynn.
Chicago & North Western.
Long Island.
Consol. Gas of New York.
Atlantic Coast Line RR.
.Pere Marquette.
Erie RR.
Chicago Burlington
Central Paciflo
& Quinoy.
Southern Paciflo RR.
California Paoiflo
People's Gas Light & Coke.
West Jersey & Sea Shore.
Calumet Gas
Camden
Pacific.
Houston <fe Texas Central.
Lake Shore & Michigan Southern.
Atlantio
Canada Central
<fe
Canadian Pacific.
United States Steel Corporation.
Seaboard Air Line.
Dubuque & Sioux City.
Cedar Falls & Minnesota
Cedar Rapids Iowa Falls & N. W. .Burlington Cedar Rapids & North'n.
Chicago & North Western.
Cedar Rapids & Missouri River
Central Branch.
Central Branch Union Pacific
South Yuba Water.
Central California Electrio
Boston & Maine.
Central Massachusetts
Central of Ga. Ry.
Central of Ga. RR. & Banking
Central Ohio
Baltimore & Ohio.
Central Texas & Northwestern
Houston & Texas Cer.'«fal.
Carnegie Co
Carolina Central...,
.
New Amsterdam Gas.
Atlantio Coast Line RR.
Central Union Gas
Charleston & Savannah
Charlotte Columbia & Augusta
Charlottesville
Southern Railway.
Southern Railway.
& Rapidan
Delaware & Hudson.
Rutland RR.
& (rot
& Lebanon Valley
Chateaugay Ore
Chatham
Rome & Southern
Southern Railway.
Chicago <fe Atlantio
Chicago & Erie.
Chicago Burlington & Northern
Chicago Burlington & Quinoy.
Chicago & Cincinnati
Chicago Cincinnati* Louisville.
Chicago Gas
Peoples Gas L. & Coke.
Chicago Gas Light & Coke
Peoples' Gas L. & C. (Miscel. Co's.)
Chicago & Grand Trunk
Grand Trunk Western.
Chicago & Great Western
Chicago Terminal Transfer RR.
Chloago Hammond. & Western
Chicago Junction.
Chioago & Indiana Coal
Chicago & Eastern Illinois.
Chloago Ind. <fc St. Louis Short Line.Cleveland Oin. Chlo. & St. Louis.
Chloago Milwaukee & N.
Chicago & North Western.
Chicago & North Michigan
Pere Marquette.
Chicago & Northern Paoiflo
Chicago Terminal Transfer.
Chloago & Ohio River
Cinoinnati Indianapolis & Western.
Chicago <fe Paoiflo
Chicago Milwaukee & St. Paul.
Chicago Santa Fe & California
See Atchison System, Apr.,'96,SUP.
Chloago & St. Louis
Atchison Topeka & Santa Fe.
Chicago St. Louis & New Orleans.. .Illinois Central.
Ohloago St. Louis & Pittsburg
Pittsb'rg Cincinnati Chicago & St. L.
Chloago St. Paul & Minneapolis
Chicago St. Paul Minn. & Omaha.
Chloago & Tomah
Chicago &North Western.
Chicago Wisconsin <fe Minnesota
Wisconsin Central.
Chattanooga
W
Choctaw & Memphis
Cinoinnati Hamilton
Choctaw Oklahoma & Gulf.
&
Indianap.. Cincinnati Indianapolis & Western.
Cincinnati Ind. St. Louis & Chicago. Cleveland Cin. Chio. & 8t. Louis.
Cincinnati & Indiana Western
Chioago Cinoinnati & Louisville.
Cincinnati Richmond & M ancle
Chicago Cincinnati & Louisville.
Cinoinnati Sandusky & Cleveland.. Cleveland Cin. Chic. <fc St. Louis.
Cinoinnati Southern
Cincinnati New Orleans <fe Tex. Pao.
Cincinnati Wabash & Miohlgan
Cleveland Cin. Chio. & St. Louis.
Clalrton Steel
Crucible Steel Co. of Amerioa.
Clearfield Bituminous Coal
Beech Creek.
Clearfield
& Jefferson
Cambria
& Clearfield.
Cleveland Columbus Cin. <& Ind ....Cleveland Cin. Chic. <fc St. Louis.
Cleveland Lorain & Wheeling
Baltimore & Ohio.
Cleveland Terminal & Valley
Baltimore & Ohio.
Coal <fe Iron Ry
West Va. Central & Pittsburg.
Colorado Bridge
International & Great Northern. "
Columbia & Greenville
Southern Railway.
Columbian El. Car Light. & Brake..Consol. Ry. El. Lighting & Equip.
Columbia & St. Louis
Wabash.
Columbus Connecting <fe Terminal.. Norfolk & Western.
Columbus & Hocking Valley
Hocking Valley.
Columbus & Indianapolis Central. .Pittsb. Cinoinnati Chio. & St. Louis.
Columbus & Toledo
Hocking Valley.
Commercial Union Telegraph
Commeroial Cable.
Consolidated Ice
American Ice.
Consol. Kan. City Smelt'g <t Refln'g. American 8melting & Refining.
Consolidated Real Estate
Lehigh Valley
Consolidated Stone.
Chic, Indian. <fe Louisville.
Consumers' Gas
People's Gas L. & C. (Misoel. Co's.)
Continental Coal
Hocking Valley.
Current River
Kansas City Fort Scott & Memphis,
Dakota Central
Chicago & North Western.
Danota & Great Southern
Chicago Milwaukee & St. Paul.
Dallas & Waco
Missouri Kansas & Texas.
Danbiuy & Norwalk
New York New Haven <fc Hartford.
Danville & Grape Creek
Chicago & East Illinois.
De Bardeleoen Coal & Iron.
Tennessee Coal & Iron (Misoel.)
.
Delano Land
Denver Consolidated Gas
Lehigh Valley.
Denver Gas & Electric
may
&c.
be found by reference to the Index beiow.
WILL BE FOUND UNDER—
NAME.
Chicago & North Western.
Dee Moines <fe Minnesota
Detroit Grand Rapids & Western... Pere Marquette.
Detroit Southern.
Detroit <fe Lima Northern
Detroit Mackinao <fe Marquette. ....See Miscellaneous Companies.
Lake Shore & Michigan Southern.
Detroit Monroe & Toledo
Northern Paciflo.
Duluth Short Line
Seaboard Air Line.
Durham & Northern
Central New England Railway.
Dutchess County
New Amsterdam Gas.
East River Gas
Southern Railway.
EastTenn. Va. <fe Ga
Pere Marquette.
E astern Equi pment
Eastern of Mass. (also East, of N. H.)Boston & Maine.
Great Northern.
Eastern of Minnesota
Easton & Amboy— Easton & North. Lehigh Valley.
Kings Co. Elec Light & Power.
Edison Elec 111. of Brooklyn
San Franoisco Gas & Electric.
Eaisou Electric Light & Power
Consolidated Gas Co. of New York.
Edison Elec. 111. of N. Y
Consol. Ry. Elec Light'g & Equip.
Electrio Axle Light & Power
Baltimore & Ohio.
Ell wood Short Line
Tioga RR.
Elinira State Line
New Mexico Railway <fe Coal.
El Paso & Northeastern RR
.
Peoples' Gas L. & C. (Misoel. Co'e.)
New Amsterdam Gas.
Lake Shore & Michigan Southern.
Erie & Kalamazoo
Erie & Western Transportation Co. Pennsylvania RR.
St. Louis & North Arkansas.
Eureka Springs
Maine Central.
European & North American
Evansville Henderson Nashville.. Louisville & Nashville.
Evansville Terre Haute & Chicago. Chicago & Eastern Illinois.
Chicago Milwaukee & St. Paul.
Fargo & Southern
Equitable Gas Light <fe Fuel
Equitable Gas Light Co. (N. Y.)
<fe
Federal Steel
Flint & Pere Marquete
Florida Central & Peninsular
Florida Southern
F< >rt Scott Equipment
United States Steel Corporation.
Pere Marquette.
Seaboard Air Line Ry.
Savannah Florida & Western.
Hancock & Calumet
Mineral Range.
Chicago Burlington
Kansas City Ft. Scott & Memphis.
Fort Smith & Van Buren Bridge
St. Louis & San Fraucisco.
Houston & Texas Central.
Fort Worth & New Orleans
.St. Louis & San Francisco.
Fort Worth & Rio Grande
Fremont Elkhorn & Missouri Val... Chicago & North Western.
Seaboard Air Line Ry.
Georgia & Alabama
Seaboard Air Line Ry.
Georgia Carolina & Northern
Southern Railway.
Georgia Pacific
American Light & Traotion.
Grand Rapids Gas Light
Grand Rap. Kalb. & Southeastern.. Pere Marquette.
Michigan Central.
Grand River Valley
Green Bay & Western.
Green Bay Winona & St. Paul
Mobile Jackson & Kansas City.
Gulf & Chicago
Harlem River
Portchester
Hastings & Dakota
& Quircy.
New York New Haven <s Hartford.
Chicago Milwaukee & St. Paul.
Hereford
Maine Central.
Hannibal
<fe
Joseph
8t.
<fe
Hoboken Ferry
Holly Manufacturing Co
Hoosier Equipment
Housatonio
Hudson Coal
Huntington & Big Sandy
Hutchinson <& Southern
Hyde Park Gas
N. Y. &Hobok. Ferry (Misoel. Co's)
International Steam Pump Co.
.Cincinnati Richmond
Munoie.
New York New Haven & Hartford.
&
Delaware &Hudson Co.
Ohio River.
Atchison Topeka
People's
Gas
L.
& Santa Fe.
& C. (Miscel. Co's.)
Imperial Rolling Stook
Canadian Northern.
Indiana Bloomingtou <s Western.. .Peoria & Eastern.
Indianapolis Cin. & Lafayette
Cleveland Cin. Chic. & St. Louis.
Indianapolis Decatur & Western.. .Cincinnati Indianapolis & Western.
Indianapolis & Louisville
Chicago Indianap. & Louisville.
Indianapolis & St. Louis
Cleveland Cin. Chic. & St. Louis.
International Mercantile Marine.
International Navigation
Iowa & Dakota
Chicago Milwaukee & St. Paul.
Dubuque & Sioux City.
Iowa Falls & Sioux City
Iowa Minnesota & North western.. Chicago & North Western.
Miohigan Central.
Jackson Lansing & Saginaw
Buffalo Rochester & Pittsburg.
Jefferson Clearfield Coal & Iron
Jefferson Madison & Indianapolis.. Pittsburg Cincinnati Chio. <& St. L,
United States Steel Corporation.
Johnson Co. of Pennsylvania
Joliet
<fe
Chicago
Chicago
& Alton.
Delaware Maryland & Virginia.
Kalamazoo Allegan & Gr. Rapids.. Lake Shore & Michigan Southern.
Lake Shore <fc Michigan Southern.
Kalamazoo & White Pigeon
Kanawha & Hooking Coal & Coke. Hooking Valley.
Kansas City Fort Scott & Gulf
Kansas City Fort Scott & Memphis,
Kansas City <& Memphis Ry. Brldge.Kansas City Fort Scott & Memphis.
Kansas City & Paoiflo
Missouri Kansas & Texas.
Kansas City Pitts. & Gulf
Kansas City & Southern.
Chioago Burlington <fe Quinoy.
Kansas City St. J. & Co. Bluffs
Kansas City St. Louis & Chioago
Chicago & Alton.
Kansas City & Missouri
Kansas City Ft. Scott A Memphis.
Kansas Paoiflo
Union Paoiflo.
Kentuoky Central
Louisville & Nashville.
Kentucky Distilleries & Warehouse. Distilling Co. of Amerioa.
Knox & Lincoln
Maine Central.
Lake Erie & Detroit River
Pere Marquette.
Lake Superior Consol. Iron Mines.. United States Steel Corporation.
Lamson Consol. Store Service
American Pneumatic Servioe.
Leamington & 8t. Clair
Canada Southern.
Lehigh & New York
Lehigh Valley.
Lehigh & Susquehanna
Lehigh Coal & Navigation (Misoel.)
Lehigh & Wllkesbarre Coal
Central RR of New Jersey.
Leray <fe Caney Valley
Missouri Paoiflo.
Lexington & Frankfort
Louisville & Nashv'le (L. C. <fe Lex.)
Leyland Line
International Mercantile Marine.
Lincoln & Northwestern
Chicago Burlington & Quinoy.
Lincoln Park <fe Charlotte
Buffalo Rochester & Pittsburg.
Litohflela & Madison
Chicago Peoria & St. Louis.
Little Rock Bridge
Choctaw Oklahoma & Gulf.
Little Rock Jet.— Little R. &Ft.Smlth Missouri Pacific
Looomo. & Maoh. Co. of Montreal.. See American Looomotive Co.
Long Dock Company
Erie RR.
Long Island City & Flushing
Long Island.
Junction
«fe
Breakwater
<fe Missouri River
Chicago & Alton.
Louisville Cinoinnati <fe Lexington.. Louisville & Nashville.
Louisville & Frankfort
Nashv.— L. C. <fe Lex.
Louisville
Louisville & Nashville Terminal... Louisville
Nashville.
Louisville.
Louisville New Albany <fe Chicago.. Chioago Indianapolis
Louisville New Orleans & Texas
M. V.j
Illinois Central (Yazoo
Louisville Southern
Southern Railway.
Madison Gas & Electrio
American Light Traction. 1
Louisiana
&
&
&
&
&
Lake Shore & Miohigan So. System.
ManitobaSouthwest'nColonization. Canadian Pacific.
Mankato & New Ulm
Chicago & North Western.
Maricopa & Phoenix
Maricopa & Phoenix & Salt Riv. Val.
Marietta & North Georgia
Atlanta Knoxville <fe Northern.
Marquette Bessemer Dock & Nav. Pere Marquette.
Marquette Houghton & Ontonagon. Duluth South Shore & Atlantio.
Mahoning Coal
<fe
-
INDEX.
1752
NAME.
Massawippi
MaysvilleA Lexington
McKeesport A Belle Vernon
Memphis A Charleston
Memphis Equipment.
Merohants' Bridge
Menominee River
Metropolitan Elevated
Mexican Eastern
Midland of New Jersey
Midland Terminal
WILL BE FOUND UNDER
Republican Valley
Chicago Burlington A Quinoy
Richmond A Danville
Southern Rai lway.
Richmond A Petersburg
Atlantio Coast Line RR.
Richmond York River A Ches
Southern Railway.
Rio Grande Western.
Denver A Rio Grande.
River Front
Pennsylvania.
Roanoke A Tar Rlv*r
Seaboard Air Line
Rochester A Pittsburg
Buffalo Rochester A Pittsburg
Roohester A Pittsburg Coal A Iron. Buffalo Rochester A Pittsburg.
Rutland-Canadian
Rutland.
Wabash.
St. Charles Bridge
St. Joseph Gas
American Light A Traotion.
New York Susquehanna A Western
Denver & Southwestern.
Wisconsin Central.
Milwaukee A Lake Winnebago
Milwaukee Lake Shore & Western.. Chicago & North Western.
Chicago A North Western.
Milwaukee & Madison
Chicago Milwaukee A St. Paul.
Milwaukee A Northern
Northern Paoitio.
Minneapolis ADnluth
Long Island
Lehigh Valley.
Morris Canal
Consolidated Gas of New York.
Mount Morris Electrio Light
Mt. Vernon Woodberry Cot. Duck. .United States Cotton Duck.
People's Gas Light & Coke.
Mutual Fuel Gas
Montauk Ex tension RR.
Nantasket Beach
RR
Nashville Florence A Sheffield
Nashville & Knoxville
National Cordage
National Electric
National Linseed Oil
National Starch
National steel
National Storage
National Tube
Nebraska
New York New Haven A
& Nashville.
.Tennessee Central.
Standard Rope & Twine.
Hartford
Louisville
Philadelphia Electric.
American Linseed.
Corn Products.
United States Steel Corporation,
Lehigh Valley.
United States Steel Corporation.
Chicago Burlington <& Quincy.
Con solidated Gas of New York.
Baltimore & Ohio.
Canadian Pacific.
New Amsterdam Gas
Newark Somerset* Straits ville
New Brunswick
Erie RR.
Newburg &New York
New York New Haven & Hartford.
New Haven A Derby
Steamboat
New York New Haven & Hartford.
New Haven
New York Susquehanna & Western.
New Jersey Midland
Central of New Jersey.
New Jersey Southern
Louis. & Nash. (N. O. A Mobile Div.)
New Orleans Mobile <& Texas
Louisville A Nashville.
Newport & Cincinnati Bridge
Connecticut A Passumpslo.
Newport & Richford
Long Island.
New York Bay Extension.
National Biscuit.
New York Biscuit
Brooklyn Ferry (Miscell. Co's.).
New York & Brooklyn Ferry
Manhattan Elevated.
New York Elevated
Erie RR.
New York & Erie
N. Y. Gas Elec. Lt. Heat & Power. .Consolidated Gas of New York.
New York Glucose
C>>rn Products.
Erie RR.
New York Lake Erie & Western
Consolidated Gas of New York.
New York Mutual Gas
New York & New England
New England RR.
New York & Northern
New York & Putnam.
Erie RR.
New York Pennsylvania A Ohio
New York Providence & Boston
New York New Haven & Hartford.
N. Y. A Queens Gas & Electrio
N. Y & Queens Elec. Lt. A Power.
New York A Rockaway
Long island.
New York & Wilkesbarre Coal
New York Susquehanna A West.
Nodaway Valley
Chicago Burlington & Quinoy.
Norfolk A Carolina
Atlantic Coast Line RR.
Norfolk Terminal & Transportat'n. Chesapeake A Ohio.
Northampton
Lehigh & New Engl and.
Northeastern RR. of So. Carolina.. Atllan tic Coast Line RR.
Northern Alabama
Southern Ry.
Northern Illinois
Chicago <& North Western.
North Paciflo coast
North Shore.
North Shore
Canadian Pacific.
North Wisconsin
Chic. St. Paul Minn. & Omaha.
Northern California
Southern Pacific RR.
Northern Ry. of Costa Rica
United Fruit (Miscel. Companies.)
Northwestern Grand Trunk
Grand Trunk Western.
Northwestern Union
Chi cago & North Western.
Ocean Steamship
Central of Georgia Ry.
Ogden Gas
People's Gas Light & Coke.
Ogdensburg & Lake Champlain
Ogdensburg Terminal
Ohio Indiana & Western
Ohio & Little Kanawha
Ohio River
Ohio Southern
Ohio & West Virginia
Omaha & Grant Smelting
Ontario & Quebeo
Rutland RR.
Rutland RR.
Peoria & Eastern.
Baltimore & Ohio.
Baltimore & Ohio.
Detroit Southern.
Hooking Valley.
American Smelting
&
Refining.
Canadian Pacific.
Oregon Improvement
Paciflo Coast Co. (Miscel Comp'es.)
Oregon Short Line & Utah Northern. Oregon Short Line.
Oswego & Rome
Rome W atertown A Ogdensburg.
Ottumwa Cedar Falls A St. Paul
Chicago A North Western.
Ozark Equipment
Kansas City Ft. Soott & Memphis.
Paolflc Gas
Improvement
Pennsylvania
& N.
Y. Canal
Pennsylvania* Nor
8an Francisco Gas
& Electric.
Lehigh Valley.
li western
Cambria & Clearfield.
Penobscot Shore Line
Maine Central.
Pensacola A A tlantlo
Louisville & Nashville.
Peoria A Northwestern
Chicago *. North Western.
Petersburg
Atlantic Coast Line RR.
Phila. (iermant'n A Chestnut HI 11. Connecting Ry
Philadelphia A Reading
Rea#ng Company.
Pine Blurt A Western
St. Louis Iron Mount. A Southern.
Pittsburg Cleveland & Toledo
Baltimore & Ohio.
Pittsburg Junction
Baltimore * Ohio.
Pittsburg Newcastle A Lake Erie Baltimore & Ohio.
Pittsburg Hhenango & Lake Erie... Pittsburg Bessemer & Lake Erie.
Pittsburg & Western
Baltimore A Ohio.
Pleasant Hill A De Soto
Kansas City Clinton & Springfield.
Pleasant Valley Coal
Denver A Rio Grande.
Portland & Ogdensburg
Maine Central.
Portland A Rochester
Boston Maine.
Portland Saco A Portsmouth
Boston A Maine.
Portsmouth Great Falls <te Conway. Boston A Maine
Postal Telegraph Cable
Commercial Ci ble.
Pratt & Whitney
Ntles Bement Pond Co.
PreeoottA Eastern
Hanta Fe Prescott A Phcenlx.
Princeton A Northwestern
Chicago A North Western.
Raleigh <s Augusta— Ral. A Gaston Seaboard Air Line.
Ravenswood spencer A Glen ville.. Ohio River.
<fe
WILL BE FOUND UNDER—
NAME
Connecticut & Passumpsic.
Kentucky Central.— Louis. A Nash.
Pittsb.MoKeesport AYoughlogheny.
Southern Railway.
Kansas City Memphis & Binning' m.
8t Louis Meroh'ts' Bridge Ter. BB.
Chicago A North Western.
Manhattan Elevated.
Interoceanlo of Mexioo.
Minueap. St. P. A Sault Ste. Marie.
Minneapolis A Pacliio
Minneap. 8ault8te. Marie & Atl'tio. Minueap. St. P. & Sault Ste. Marie.
Minneapolis-Union, Minn. Western. Great Northern.
Chicago & North Western.
Minnesota A Iowa
Chicago & North Western.
Minnesota A South Dakota
Chicago & Alton.
Mississippi River Bridge
Missouri Kansas & Texas.
Missouri Kansas A Eastern
Missouri Kansas & Texas.
Missouri Kansas A Oklahoma
St. Louis & San Francisoo.
Missouri & Western
Mobile & Ohio.
Mobile & Bay Shore
Baltimore & Ohio.
Monongahela River RR
Chicago Indianapolis & Louisville.
"Monon Route"
Great Northern.
Montana Central
[Vol. lxxviii.
<
1
!
St.
St.
St.
St.
St.
St.
St.
St.
Lawrence
A Ottawa
Canadian
Pacific.
Illinois Central System.
Louis Alton A Terre Haute
Louis Bridge A Tunnel
Terminal Association of St. Louis.
Louis Council Bluffs A Omaha.. .Wabash.
Louis Iron Mount'n A Southern.. Missouri Pacific System.
Louis Jacksonville A Chicago
Chicago A Alton.
Louis Kansas City A Northern... Wabash.
Louis Kansas A Southwestern Kansas Southwestern.
St Louis Oklahoma & Southern
St. Louis A San Francisoo.
St. Louis Southern.
Illinois Central System.
St. Louis Wichita A Western
St. Louis A San Francisco.
"St. Paul"
Chicago Milwaukee A St. PauL
St. Paul ADuluth
Northern Pacltio
St. Paul Gaslight
American Light A Traction.
St. Paul Minneapolis A Manitoba... Great Northern.
St. Paul A Paciflo
Great Northern.
St. Paul A Sioux City bonds
Chic. St. Paul Minn. A Omaha.
St. Paul Stillwater A T. F
Chic. St. Paul Minn. A Omaha.
Sandusky Mansfield A Newark
Baltimore A Ohio.
San Francisco A 8an Joaquin Val.. Atchison Topeka A Santa Fe.
Saranac A Lake Plaoid
Chateaugay A L tke Pla eld.
Sault St. Marie A Southwestern
Chic. St. Paul Minneap. <s Omaha
Savatnah Florida A Western
Atlantio Coast Line RR.
Schenectady A Duanesburg
Schuylkill River East Side
Delaware
A
Hudson.
Baltimore A Ohio.
Scioto Valley A New England
Norfolk A Western.
Seaboard A Roanoke
Seaboard Air Line.
Sea Coast
Atlantic City.
Seattle A Northern
Pacific Coast (Miscel. Companies.)
Sherman Denison A Dallas
Missouri Kansas A Texas.
Sherman Shreveport A Southern... Missouri Kansas A Texas.
Shore Line
N. Y. New Haven A Hartford.
Silver Springs Ocala A Gulf
Atlantio Coast Line RR.
Sioux City A Nor. and S. City A W. Great Northern.
Sioux City A Paciflo
Chicago A North Western.
Smithtown A Port Jefferson
Long Island.
Sodus Bay A Southern
Ehnira A Lake Ontario.
South Carolina A Georgia
Southern Ry., Carolina Division.
South Platte Canal A Reservoir
Denver Union Water.
Southeastern A St. Louis
Louisville A Nashville.
Southern Iowa
Chicago A North Western.
Southern Minnesota
Chicago Milwaukee A St. Paul.
Southern Pacific Branch
Southern Pacific of California.
Southwestern Ark. A Indian Ter... Arkansas Southwestern.
Spartanburg Union A Columbia. .. .Southern Ry., Carolina Division.
spirits Distributing
Distilling Co. of America.
Sookane Falls A Northern
Great Northern.
Springfield Union Depot
Cleveland On. Chic. A St. Louis.
standard Distilling A Distributing. Distilling Co. of America.
Standard Gas
Consolidated Gas.
Steubenville A Indiana
Pittsburg Cin. Chlo. A 8t. Louis.
Stillwater A St Paul
Northern Paoiflo.
Stockton A Copperopolis
Southern Pacific of California.
Sturgis Goshen A St. Louis
Lake Shore A Michigan Southern.
Sugar Trust
American Sugar Refining.
Sumter A Wateree
Southern Ry., Carolina Division.
Sunbury A Erie
Philadelphia A Erie.
Sunbury Hazleton A Wilkesbarre. Pennsylvania.
Sunbury A Lewlstown
Pennsylvania.
Superior Short Line
Chicago St. Paul Minn. A Omaha.
Taylor's Falls A Lake Superior
Northern Paoiflo.
Tarkio Valley
Chicago Burlington A Quincy.
Terre Haute A Southeastern
Evansville A Indianapolis.
.
Texas Mexican
Texas A Oklahoma
Toledo St. Louis A Kansas City
Toronto Grey A Bruce
Troy A Boston
Tunnel Railroad of St. Louis
Tyrone A Clearfield
Union
Union Pacific Denver
Union A Logansport
Union Tobacco
Mexican National.
Missouri Kansas A Texas.
Toledo
St.
Canadian
Louis
A Western.
Pacific.
Fitchburg.
Terminal Ass'n of
Cambria
St.
Louis.
A Clearfield.
Northern Central.
Colorado A Southern.
Pittsburg Cincin. Chicago A St. L.
American Tobacco.
United Elec. Lt. A Power of N. Y.. Consolidated Gas.
United States Cordage
Standard Rope A Twlne(Miso.Co*s.).
United States Sugar Refinery
National Starch.
Upper Coos
Maine Central.
Central
Utah
Denver A Rio Grande.
Fuel
Utah
Denver A Rio Grande.
Nev. A Cal
Utah
Oregon Short Line.
Utah A Northern
Oregon Short Line.
A Gulf
Utah A Pacitto.
Oregon Short Line.
Utlca A Black River
Rome Watertown A Ogdensburg.
Valley Ry. of Ohio
Cleveland Terminal A Valley.
Verdigris Val. Independ'ce A West. .Missouri Pacific.
Vlcksburg A Meridian
Alabama A Vicksburg.
Virginia <te Southwestern Ry
Virginia Iron Coal A Coke.
W aco A Northwestern
Walker Co
Ware River
Warwick Valley
Washington County
Washington Ohio A Western
Wellington Grey A Bruce
West Chester
Western A Atlantio
Western Equipment
Western Minnesota
Western North Carolina
Western Pennsylvania
West Jersey
Houston A Texas Central Railway.
We8t'ghouseEl.AMan.(Mi80.Co's.).
Boston A Albany.
Lehigh A Hudson River.
Maine Central.
Southern Ry.
Canadian Paciflo.
Pennsylvania.
Nashville Chattanooga
A St.
Louis.
Pere Marquette.
Northern Paoiflo.
Southern Railway.
Pennsylvania.
West Jersey A Seashore.
West Virginia A Pittsburg
Baltimore A Ohio.
West Wisconsin
Chic. St. Paul Minneap. A Omaha.
Wilkesbarre A Eastern
N. Y. Susquehanna A Western.
Willmar A Sioux Falls
Great Northern.
Wilmington Columbia A Augusta... Atlantio Coast Line RR.
WUm A Weldon- Wilin. ANewbern. Atlantio Coast Line RR.
Winona A St. Peter
Chicago. A North Western.
Wisconsin & Minnesota
Wisconsin Central Company.
Wisconsin Minnesota A Paoiflo
Minneapolis A St. Louis.
Wisconsin Valley
Chicago Milwaukee A 8t Paul.
Wortblngton, Henry R. Co
International Steam Pump Co.
York A Peach Bottom
Maryland A Pennsylvania.
Kanesville A Ohio River
Ohio A Little Kanawha.
MASON, LEWIS &
CO.,
BANKERS,
PHILADELPHIA,
CHICAGO,
MONADNOCK BLDG.
505
CHESTNUT
Municipal, Railroad
and
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ST.
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ST.
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